Evening star. [volume] (Washington, D.C.) 1854-1972, May 07, 1937, Image 17

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Evening star. [volume], May 07, 1937, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 07 May 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-05-07/ed-1/seq-17/>

Newspaper Page Text

CURB LIST HOLDS
TO NARROWRANGE
Minor Losses and Gains
About Evenly Divided
Late in Session.
By ths Associated Press,
NEW YORK, May 7.—Except for a
few specialties, curb stocks idled in a
narrow range today, with minor losses
and gains rather evenly divided in
late trading.
Aluminum Co. of America, recently
hit hard on an anti-trust, move against
the company by the Federal Govern
ment, extended a previous rally more
than 3 points. Montgomery Ward "A,"
New Jersey Zinc and Pan-American
Airways were up 1 to 2 points.
Oils were disposed to go forward,
with Gulf and Pantepec up moderate
ly . Utilities were mixed. Newmont
Mining yielded more than a point
end small losses appeared in Pioneer
Gold and St. Regis Paper.
CURB BONDS
DOMESTIC BONDS.
High. Low. 1pm.
Ala Power 4%s ’67_ 82% 82% 8234
Ala Power 5s '40 A 102% 102% U'2%
Alum Co 5s ’52 105*2 105*2 105%
Alum Co Ltd 5s '48_106% 100 106%
Am GAE 5s 202S___ JOT % 107 107%
Am P A L 6s 2ol6___ 04 *2 03% 03*2
Am Rol Mill 5s ’4S__. 102% 1<>2% 102%
Am Seat 6s '36 stpd_105% 105% 105%
Ark PAL 5s '56 ___ 98% 08*2 08%
As El Ind 4%s 53__. 53 53 53
As G A E 4%s ’40_ 49 49 40
As GAE 5%s inv ct __ 83 83 83
As TAT 5 %S 55 A 84% 84 »2 84%
Bald L 6s '38 XW stp _ 18] 170 l8<>%
Boll T C 5s 60 C _ 110*2 110% 1 10%
Birm El 4%s '68 86% 86% 86%
Can Pac 6s '42 ... 100% loo*4 lo0%
Con UPS 4*2s '67 P . 08 08 98
Cent 111 P S 5s '68 G . lol % lo 1 % lol %
Cent I P S 4%s ’81 H _ 06*2 96% 06%
Con O LAP 5s 5o A 100* 2 loo* 2 loo* 2
Cent Pw A Lt 5s '56 _ 93% 03% 93%
Cm 8t PAL 5%’S '53._ 60 50% 59%
Chi Pn T1 5%s '42 . 102 102 102
Chi Rys 5s '27 cod _ 72 _ 71% 72
Cities Svc 5s '50 727a 72% 72 a
Cities S Gas 5%s 42 lOn% loo% lno%
Cities S Gs P 6S 43 103* 2 103% 103%
Cit S PAL 5%s 52 09% 09% 60%
Clt S PAL 5%s '40 70% 70% 70%
Comw Ed 4s M F loo 105% 105%
Comuty PAL 5s 57 7 8»2 7 8% 78%
Con Gas Ut 6s 43 st 78% 78% 7K%
Cont GAE 5s '58 A 80 88% 88%
Crucible Stl 5s '40 103 % 103 % 10.3%
Betroit C G 6s ’47 A 106% 1(*6% 100%
et Cit Gs 5s ’5o B 105% 105% 105%
Det Int Be 7s 52 cd 234 234 2%
East GAF 4s '56 A 86*2 86% 80%
El Pas El 5s ’5o A . 101 % lol % lol %
Emp Dis El 5s 52 _ 08*« 98% 98%
Emp OAR 5 % s 42 . 89% 8034 so%
Fed Wat 5’2s ’54 _ 82 8-.’ 82
Purest Cot M 5s 'IS lo4% H>4% lop
Florida PAL 5s '54 92% 92% 92%
Gary EAG 5s '4 4 xw st 00 90 99
Gatineau Pw 5s '56 lol % ini % 101 %
Gatineau P Os 11 B 101 *4 101 *4 101 *4
Georgia Pw 5S ’67 1*7* 4 97 97%
Georgia P&L 5s '7 8 _ 74*2 74*'2 74 *2
Glen Alden Cl 4s *65 S0% 80*2 80%
Grand Tr We is ’50 loo 99%1oo
Hack Wat 5s *38 109% luo% lo9*8
Hall 1WF) 6s *47 stn . ion 00* 4 100
Hou Gulf Ct 6s '43 A 104% 104% 1 *> 1 '«
Hyerade Fd 6s ‘40 A so% 80* 2 80*2
Hygrade Fd 6s *41* B 8<»*2 80% 8o*2
Idaho Pw Co 5s '4 7 109 109 109
111 North Util 5s ’57 107 106% 107
111 Pw A L 6s ’5.3 A 1 047a 104% 104%
ill PWAL 5%s ’54 B . 102% 102% 162%
111 Pw A L 5s 56 C 09*4 90% 9!*%
Indian E C 5s '51 C 9n% 90 90*2
ndiana Ser 5s '50 7 1 7" 70
ndiana Ser 5s *63 A 60% 09% 60%
ndnRp PAL 5s ’57 A 1»>5% ln5% 105%
ntl Securities os '47 1 i»l % 1 o 1 % 101 %
nterst Pw 5s '57 59% 59% 59%
Interst P S 5s ’56 D 8.3*2 83 83%
!nterst P S 4%s '58 F 79% 79% 79%
owa-N LAP 5s '57 A 102% 102% in2%
ou a Pub Sv 5s '57 11*212 1 02% 102 * 2
Jackson G .3s ’42 stp 50% 50*2 50%
Jer C P A- L 5s '4 7 B 10 1 % lo4% I'M*,
Kan Pw Co 5s '4 7 A . lol % 101% 101 %
Kentucky Ut 5s '6 1 03*2 93% 1*3*2
Kentucky U 5s '60 I 92 92 92
Ken U 6%s ’48 D 103% lo.3% 103%
Lehigh P S 6s 2026 A 107% 107*2 107* 2
Libby McNAL 5s '4 2 _ 104% 104% 104%
La PAL 5s '57 105% 105% 105-%
Mem PAL 5s '48 A . 98% 98% 98*2
Metrop Edis 4s '71 E 105% 1 o5% 1 05%
Mil GAE 4 % s '07 103% 103% 103%
Minn PAL 4%s '7 8. 98% 98% 98%
Miss PAL 5s 57 90%. 90% 90%
Na&s A Su L 5s '45 _1**5 1<*5 105
Nat PAL 5s 2030 B _ 80* , 86 86%
Nat Pb S 5s 78 cod._„ 45% 4 5 45
Nevad Cal El 5s '56_ 90% 90% 90%
New Ams Gas 5s '48 _ 115% 1 14% 115%
New E GAE 5s ’47 _ 72% 7 2 72
New E GAE 5s '48_ 71 % 7 1 % 71%
New' E Pw 5s ’48 93% 93% 93%
New E Pw 5 * 2s ’54 _ 96* 2 96 96 %
rPA-L 4%s ’67 __ IO6V4 106% 106%
Y S EAG 4%s ’80 _ 101 100% 100%
Y A W L ns '54 . . 11 2’2 1 12>2 11 2%
No Con U 5%s '4 8 A 57 57 57
Ogden G Co 5s '45 108% 108% H>S%
Ohio Pwr 5s ’52 B 106% 106 1**6
Ohio Pub S 5s '54 D ln5% 105 105
Okla PAW 58 'IS A . 9n'4 90 9n%
Pac PAL 5s 55 _ 77% 77% 77%
?aimer C La 6s '38 1**1 loi loi
enn CLAP 4%s 77 99% 99% !»9%
Penn El 4s ’71 F 96 90 96
Penn O E 6s ’5o A 1<*2 !<*•: 1**2
Peop GLA C 4s '8] B 9134 !'P, 91%
Peop LAP ns ’7 9 19% 19% 19* 2
Pitts Steel os ’48 103 loo 10.3
Portland G A C 5s ’40 7 9 7 9 79
Pub Ser N J 6s ctfs 130% 130% 130%
Pub S No 111 5s '66 C 105*2 105*2 105*2
Pub S N T 4 ’ 2s ’7 8 D 102% 102% lo2%
Pub S N T 4%s ’81 F M:% 1<>2% 102%
Pug S PAL 5* 2s '49 A _ SS% 88% 88%
Pur S PAL 5s ’50 C _ 86 % 80% 86*2
Pug S PAL 4%s ’50 D _ 80% 80% 80%
L GAC 6s '47 mar ._ 14 % 14 % 14*4
fehw WAP 4%s '68 B . 102% 102% 102%
©oil Cal Ed 3%s '45. _ 105% 105>4 3 0.5* 4
Sou Cal Ed 3%s ’60 _ 101% 101% 101%
Sou Cal E 3%s '60 B 101 % 101 % 101 *4
Souw GAE 5s ’57 A _ 102 H»l% 101%
Souw PA-L 6s 2022 A 93 93 93
fjtd GAE cv 6s *35 cod 80% 80% 80%
Std GAE cv 6s *35 mat .81 81 81
Btd GAE 6s '66 B 80% 80% 80%
Stand Inv 5%s ’39_ 98% 98% 98%
Bund PAL 6s '57 . 79% 79*4 79%
Super of II 4%s '68 105 10478 104%
Super of T] 4%’S ’7<* . 104% 104% 104%
Byra Lt Inc 5%s ’54. _ 107*2 107% 107%
Texas Elec ns '60 _ 102 10l34 l<il34
Tex PAL ns '56 105% 105% 105%
Tide Wat P ns 79 A 97% 97% 97%
Twin C RT 5%s '52 A 81 % 81 *4 81%
On ELAP M 4%s ’57. _ 105% 105% 105*4
XJn EL A P M 5s '54 A 107% in? 107
Unit El N J 4s ’49 1 13 113 113
U n i t L A R D 5' > s '52 8 7 % 87% 8 7 * >
Utah PAL 4%s '44 98% 98% 98%
Utah P A L 6s 2022 A 95% 95% 95%
Va Pub Ser 6s '40 9.3% 93% 93%
Va Pub Ser 5s ’50 B 93% 93* 2 93%
Ward Baking 6s '37 __ 100% 1on*4 ioo*4
Wash Gas Lt ns *58 1**5% 105% 105%
West News U os '4 4 *51% 01 *2 61 %
West T Ut 5s '57 A 95*4 95 95
Wis-Min LAP 5s 44 loo% 10038 106%
Wis PAL 4s 50 A 95*4 95 95*/*
FOREIGN BONDS.
torg M B 7 s '4 7 MAN 23 *2 23* 2 23’ 2
OROt M B 7s '47 a-o 23% 23% 23%
auca Val 7s '48 10% 16% 16%
Com Prv B 5%s '37 _ 48% 48*2 48*2
Cuban T 7%s '41 A 99 99 99
ftal Su Pw 6s '63 A _ 58 58 58
Maranhao Br 7s 58 __ 29 29 29
Rio de Jan 6%s ’59 _ 27 27 27
Russian 6%s 19 mat _ 1% 1% l*2
Bantiag Chil 7s ’49 17*2 17*2 17*5
ww—With warrants, xw—Without war
rants. n—New. st <stp*—8tamped.
^Negotiability impaired by maturity.
tCompanles reported in receivership.
f SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney Ac Col
Bid. Offer.
Am Tel & Tel 5%s ’43 ... 113 313%
Auburn Auto Co 4%s '30... fiS 7fi%
Calif Packing Coro os ’40 104% 105
Carol Clinchfleld * OB« ’38 103% 104%
Cheaap A Ohio Ey fis '39. _ 107% 107%
Edls Elec Ilium 4s ’39_ 104 104%
Gen Pub Serv 6%s '39.. ... 102 102%
Or Ran Ac Ind 4%s ’41_ . 108%
Houston OH fi%s ’40.. ... 102% 103
intern Mer Marine fis ’41 80% 82
int’l Tel fr Tel 4Vis ’39. _ 82% 83%
Laclede Gas Light fis ’39.. 91% 92
Lehigh Valley Coal fis ’38_. 98% 90%
Lehigh Val Ter Ry fis '41_. 107% . ..
Long Island Gen 4s ’38.. 102% 103
Lou Ac Nash R R 4s ’40. _ 108% 10fi%
Mich Cent R R 4s ’40... 104 105%
Midi R R of N J 5s '40 65 75
MilW Ac Nor R R 4%s ’39 99 98%
N Y Chi Ac St L 0', Notes'38 100 100'/*
New York Dock fis '38 _ 61 62
N Y Susa & West fis 40._ . ... 4fi
N Y Tel Co 4%s '39 107% 107%
Pac R R of Missouri 4s '38 99% 100%
penn-Dixte Cement fis '41 . 99% 100
Penna R R Co 4s '43.. ... 108
Rio Grande West 4s '30.. 70% 74
Sou Bell Tel Ac Tel fis '41 10fi% 105%
Ter R R Assn St L 4%s '39 106% 107%
Vanadium Corn fis '43 104% 104%
Vertler.tes Sug Co 7s '42__ 2fi 27%
Wabash Ry Co fis 39 ... 93% 95
Warner Bros fis '39 _ 94% 95
West N Y Sr Ps 4s 43 .... . _ 108%
Western Union Tel 5s '38.. 102% 102%
-•
BOSTON WOOL MARKET.
BOSTON. May 7 (CPI.—(United States
Department of Agriculture. 1—The bulk of
new requirements for domestic wools was
Elled today by » new wools previously
ought on contract.
Prices at which many early contracts
were turned over to mills were below cur
rent prices asked on unsold spot supplies.
Due to this condition mills owning con
tracted wools were not interested in spot
offerings.
Spot quotations on fine original bags
territory wools ranged mostly $1 to $1.05.
acoured basis, but concessions from these
asking prices were reported available on
nmi offerings.
Phelps Dodge Corp.—Declared &
■dividend of 45 cents a share, payable
June 10. On March 10, 1937, a divi
dend of 35 cents a share was paid.
NEW YORK CURB MARKET
By private wire direct to the Star.
All time ahown below la daylight laying
on which the Exchange le now operating.
2:30
Stock and Sales—
Dividend Rate Add 00. High. Low. Oloae.
Alnsw'th M C b26o 1 16 16 16
Air Device Corp—. 6 84 <4 84
Air Investors lnO_ 2 4 4 4
Air Invest cv pf 1 *9 29 29
Alabam Pw pf (7) 80s 74 724 724
Alum'n Co of Am 650e 1874 134 186
Alum (Am) pf (6) 60e 1164 1154 1164
Alumn Goods b25o 1 17 17 17
Aluminum Ltd 150» 1084 107 107
Alum Ltd cv pf(6) 2 131 180 131
Aru Airlines. lne_. 1 24 24 24
Am Box B od (1).. 7 224 224 224
Am CltP&L B a20e 13 44 44 44
Am Cynam B t60o 16 31 30 804
AmDistTNJpf 7 25. 127 127 127
Am Fork & H (tl) 1 20 20 20
Am G&E < 1.40)_ 2 S3 324 *>
Am Gen C’p <a50e) 8 104 104 104
Am Hard Rub(al) 160* 22 214 214
Am Mfg Co <a3)„ 26. 61 604 61
Am Maracaibo_ 22 2 4 2 2
Am Meter (75c)_ 6 484 47 474
Am Superpower_ 4 14 14 14
Am Superpwr pf— 1 86 36 86
Anchor Post F_i 1 44 44 44
Angostura <t20c). 17 7 7
Arcturus Radio T. 7 14 14 14
Ark Nat Gas_ 2 74 74 74
Ark Nat G cu pf_ 4 84 84 84
Ark Nat Gae (A). 20 8 7 4 74
Ashland O&R ttOo 1 64 64 64
AsK 1 Ltd b36 2-5. 2 124 124 124
AssoGAElA)_ 7 34 8 8
Asso G & E S5 pf„ 1 23 4 234 234
Asso Laundries 8 4 4, 4
Atl Coast La24— 20* 624 624 624
Atlas Corp war_ 1 24 24 *4
Auto Products_ 3 74 7 74
AUto VotMch 50o. 4 104 104 104
Baldw L bd rts(d) 8 24 24 24
Berlow&S<A)1.20 100* 17 164 IT
Bellanca Aircraft. 2 64 64 64
Benson & Hedges. 14 4 4
Berkey&Gay F Co. 11 24 24 | 24
Berk&GF pur war 12 14 14 14
Bliss Co (E W) . 1 184 184 184
Blue Ridge (bl5c) 6 3 24 8
Blumenthal 8 ... 1 224 224 224
Bower Roll B (2). 11 804 80 4 804
Bowman-Blltmore 2 14 14 14
Brazil TL&P 40c.. 8 23 4 23 4 284
Breeze C Inc a75c. 2 108k 104 104
Brld'p’t Mch b25c. 2 194 19 19
Brill Corp (B)- 2 44 44 44
Brill Corp pf_ 50* 564 Sb4 664
Br Am Oil cou (1). 2 224 22 4 224
Brown F&VV D16c. 1 124 124 124
Buckeye P L (4)..100* 49 49 49
Buff N&E pf 1.60_. 1 244 244 244
Burry Biscuit__ 1 64 64 54
Cable El Prod vto. 1 ii H H
Can Car&Fdry pf _ 25» 281* 28)* 281*
Can Hydr E 1st pf 20. 78 76 76
Can Indus Alco A. 1 6)4 6T* 6)*
Can Marconi_ 2 1)4 1*4
Carlb Syndicate_11 2*4 2?* 2*4
Carnegie Metals_ 1 2*4 2)4 2*4
Caro L&P pf (6)_]0« 84 84 84
Carrier Corp _ 3 49** 49** 4»>*
Carter (JW) 80c_. 1 10*4 10*4 10*4
Casco Prod b2?i_ 1 81** 81** 81**
Catlln Corp (a4uc) 2 7*4 7*4 7*4
Celanese lat pf t7. 60. 120*4 120*4 120*4
Celluloid Corp pf_ 26. 64** 54** 54?*
Cent Ohio Stl b50c. 1 15 15 15
Cent & S W Utli8 8*4 3*4 3*4
Cent States Elec.. 4 1*4 1*4 1*4
Cent St El 6% pf. 60. 17 16 16
Centrif Pipe T40c. 2 6*4 5** 6*4
Charls Corp(1*4). 1 13J, 13)* 13*4
Chesebrough <T4) 60. 120 120 120
Chi Rivet & Mach. 10 17 16*4 17
Chief Consol_ 1 U* 1*4 1*4
Childs Co pf_ 26. 90 90 90
Cities Service_ 33 3*4 3*4 3*4
Cities Service pf_. 6 61 60 50
Cities Svc pf (BE). 10. 48 48 48
Claude Neon Lts.. 9 3 2)4 2)4
Clev Tractor_ 2 14 14 14
CUnchfield Coal__ 3 7!* 71* 7**
Club Aluminum_ 9 H* 1** 1 **
Cockshutt Plow... 2 19*4 19!* 19J*
Colon Dev Ltd ... 2 6»* 6*4 5*4
Colon Dev 6% pf_. 2 3J4 3)* 8*4
Colo Fuel&Ir war. 1 16*. lb** 16*.
Columb O&G b20c. 12 8*4 8 8
Comwlth Edls T4_ 2 110'* 110*4 110?*
Com with &S war 8 •* *4 54
Com'u’ty P&L 1st. 60. 44)* 43 48
Compo S M stc tl- '1 16*4 15*4 16*4
Cons Aircraft_ 8 26** 25 25
Consol Biscuit 60c 1 6?* 6*4 6?4
Consol Copper . 20 9?4 9*4 9**
C GELt&P Bo 3.60 1 74 74 74
Consol Gas Util... 1 2?* 2** 2?*
Consol Retail Strs 8 7?* 7?* 7?*
Consol Steei Corp. 4 11?* 11 11*4
Cont’l G&E pr pf 7 25. 87?* 87 87?*
Cont’l Roll & S Fy 1 21*4 21*4 21*4
Cooper Bessemer.. 14 25 24 26
Cord Corp- 6 3)4 3?* «?*
Corroon * Reyn... 8 6 6 <
Coaden OH Me (d) 2 2 2 2
Creole Pet (a50c). 82 84** 33*4 83*4
Croft Brewing_ 1 \ %
Crown Cent p a6o. 4 2*4 2*. 2*4
Crown Dr (b20c)_ 6 3** 3?* 8**
Cusl,Mex Mining.. 9 *6 ** )*
Darby Petr (60c)_ 11 14 12*. 14
Dayton Rubber_ 3 24*4 24 24
Dennison 7% pf_ 135. 87 85*4 87
Derby Oil A Kef.. 2 7)* 7** 7**
Detroit Gasket tl. 1 19*4 19*4 iju
Det Stl Prod b25c. 1 54 64 54
Distill Ltd b27c... 1 28*4 28*4 28*4
Domln S&C (Bj . 8 21*4 21*4 21*4
Dow Chemical (3). 1 144*4 144*4 U4)4
Driver liar pf (7). 10. Ill in 111
Duke Power (3).160. 78 73 73
Duro Test (blOc). 1 6?* 6?. 6?*
Duval Tex Sa50c. 8 8*4 8*4 8*4
■ag Pit Lead blOc. 8 20 19?* 80
East'n G&F Asso. 2 6?* 6?* 6?*
Estn G&F As pf 8.100s 44** 44 44**
East G&F p pf 4*4 26. 62 62 62
East Mall Ir al.80. 80s 24 24 24
East'n States Pwr. . 6 6 4X 4)4
East’n St Pw (A), a 1 68 68 (8
East'n St Pw (B)_ 1 67*4 67*4 «7*4
Easy W M(B)b25o 2 10)4 10*4 10)4
Edison Bros(b75c) 3 20 20 20
Elec Bond & snare 31 19*4 18*4 18*4
Elec B & S pf (5). 1 67*4 67*4 67*4
El Pwr As(A)a25o 1 6?4 6*4 6*4
Elec P&L opt war. 3 8*4 8** 8J*
Elec P&L 2d pf A. 20. 60 60 60
Elec Shareholding 1 3** 3** 314
Emp Twr pt b50c. 100. 31 31 31
Bmsco DerrlcK tl. 1 16 16 16
Equity Corp(a25cl 7 2** 2*4 2**
Europ’n El bd rts. 3 *4 *4 14
Evans Wall Lead. 2 1*4 1*4 1*4
Bxcello Air(b20c). 2 21** 21** 21**
ratrcnild Av al5c_ * 7 64 7
Fal staff Br (tl Vi). l 9)* 9), 94
Fedders Mfg b25c. 1 14)* 14)* 14)*
Ferro Enam b75c. l'38 88 88
Fldello Brewery_ 1 % % %
Flak Rubber- 9 16), ibv* 15),
Fla P A L pf- 200r46 43)* 46
Ford Ltd al81-10o 17 7 7
Ford (Can) A (1). 1 24)* 24)* 24)*
Franklin Ray a60c 1 124 12)4 12)4
Froedt GAM(20c). 1 12)* 12)* l^u
Froedt't cr pf 1.20 100. 17)4 17)4 17)4
Gen Alloya_ 2 4 4 4
Gen El Ltd a56V4o 2 21)* 21)* *14
Gen Firepr’f b25c. 8 19)4 17 19)4
Gen invest Coro 2 R* 1(4 jj,
Gen Pub Svc pf(6) 40. 76 74)* 74)*
Gea Rayon Ltd A 1 14 14 jC
Gen Teleph (b25c) 1 17)* 174 174
Gen Tire 4k Rub 8 81 81 81
Gen TAR pf A (6 ) 80. 106 106 106
Georgia Pw pf (6) 126. 76)* 76)* 76)*
GleD Alden C (tl) 8 114 114 „u
Godchaux S A b2_ 100. 44)4 44)4 444
Godchaux SugtB) 8 80)4 80)4 80)4
Gorham Mf Ttc tl 8 *6)4 264 264
Grand Natl Films. 1 2)* 24 2U
Gray TelPS (1).. 1 16)4 154 H4
Grt AAPTn vt6. 10* 102 102 102
Great Nor Pap tl. 60. 41 41 41
Greenfield TAD 6 16)* 16U 16U
Gulf Oil (Pa) b26o 9 66)* (6 66
Hartman Tobacco. * 2)* 2)4 *u
Harvard Brewary. 1 2)* 24 *4
Hearn Dep S bl.65 C I64 I64 154
Hecla Mining b45o 11 174 17 17
Heller pf ww Hi _ 100. 26)4 26 25
Holllnger (t65c)_ 2 12 114 114
Horn AHar pf(6) 20. 1074 1074 1074
Hudson BMAS (1) 6 80 294 *94
HumbleOil (1H). 6 77)* 77 774
Huasm’n-Llgon tl 1 20 20 20
Huyler's Del pf(d) 80. 19)4 19)4 1914
Hygrade Food Pr_. 2 4)4 4 4)4
Illinois Iowa Pow. S IR4 114 114
111 Iowa Pw pf 2 Vi 2 32)4 82)4 82)4
111 Iowa Pw d ctfs. 4 134 13 18
Illinois Zinc_100. 29)4 29*4 294
Imp Oil Ltd t60o. 4 214 214 214
Ins Co of NoAtl. 100. 674 674 074
Int H E Sep A war 1 4 4 4
lntl Hy El 8 cv pf. 9 814 80 10
lntl Petrolm tl)4_ 8 864 *64 864
lntl Products — 2 7 7 7
lntl Util war new. 6444
lntl Vltamln(SOc) 2 64 64 64
Interst P(Del)pf- (0. 12 12 12
Inv Royalty <t#e) 7 4 4 4
Iron Fire vtc 1.20. 100* 22 22 22
Irving Air Ch (1). 1 13 18 It
Jacobs(FL)Cod). S 164 164 Wi
JersCen PAL pf (. 20* 86 86 86 .
*:30
Stock and Salta—
Dividend Rata. Add 00. Rich. Low. Oloae.
Kao RTftL. A a76o 2 21 tl tl
Klnra Co Lt pfDA 10a 10 60 60
Kingston Prod 40a S 64 64 *H
Kirby Patrol (10c) 1 6*4 «*4 **4
Koppara of <•)._. 26a 1084 108*4 108*4
Kreuger Brew tl. 8 17 16*4 16*4
Lake Sh M <T4)_ 10 63*4 UH UH
Lakey Fy ft Mach. 1 6Vi 6*4 8*4
Lefcourt pf(a76c) 2 H?4 14*4 14*4
Leh Coal AN 20c.. 88 8*4 8 8*4
Leonard Oil_ 87 1*4 1*4 14
Lion Oil Ref 41)_ 1 22*4 22*4 22*4
Lit Brother*_| l 6*4 6*4 6*4
Locke 8tl Ch t80c_ ' 1 15*4 16*4 16*4
Lockheed Aircraft 4 12*4 12*4 12*4
Lone Star Oar, SOo 6 12*4 12*4 12*4
Long laland Lts.. 7 4*4 4 4*4
Long 1 Lpf A<7>_ 20a 82*4 *1 *2*4
Loudon Packing_ 2 4 4 4
La Land! 40a)_10 12*4 12*4 12*4
Lynch Corp It2)„ 1 29*4 99*4 99*4
Me Williams D (ts l 27*4 27*4 27*4
Madestlo Ra*Tal_ ( 1 8*4 8*4 8*4
Marlon Steam Sh_ I 1 16*4 15*4 16*4
Maaaey Harris_ 8 18*4 18*4 I8*i
Maas Util Assocla M 8*4 8*4 8*4
Mead Johnson!t3> 76» 116 114*4 115
Merch & Mf pf(t2)200» 105 105 105
Merritt Chsp ft 8 2 8*4 6*4 6*4
Merritt C ft 8 pf ft 26* 66Vi 66V4 66*4
Messbt Iron 8 4 % %
Metal Textile 40c- 1 8*4 314 84
Met Tex pt pf t**4 60s 87 37 87
Mich Bumper C... 8 2*4 2*4 2*4
Mich Oaa ft Oil _ 1 10*4 10*4 10*4
Mich Stl T P b26o. 2 13*4 13*4 124
Mich Sugar- 8 1*4 1*4 1*4
Mid Sta Pat (A)_ 16 6 5
Mid StaPat (B>__ 6 14 14 14
Mld-W AbrasalOo 1 84 84 84
Midwest Oil (tl)_8 11*4 114 11*4
Minn MAM b40c._ 160s 844 >44 844
Molybdsnum Corp 8 9*4 9*4 9*4
Mont Ward a (7). 10s 1444 1424 1424
Moore Distillery.. 11 4 4 4
Moore C Ltd b40c. 60a 43 424 424
Mount Prod (60c). 6 64 64 64
Mount St TftT(8). 20a 142 142 142
Murray! Ohio )b30t 1 22*4 22 4 224
Nat Baking Co- 2 12 114 114
Nat Bella Hese_ 7 24 2 24
Nat’l Contaln’aSOc. ' 8 184 1* 18
Nat Fuel Oaa (l)_ 1 164 154 154
Nat Leathar_ 8 1 4 4
Nat Mfg & Stores. 2 9 84 9
Nat P ft Lt pf 18). 50a 77 77 77
Nat Rub Mch a20o 1 154 154 164
Nat Service_,1 4 4 4
Nat Service pf-j 1 44 44 44
Nat Sugar N J !2) ( 1 26 26 26
Natl Transit b45c. 2 114 11*4 114
Nat Union Radio.. 1 24 24 34
o.eison<M) <a4oC) 2 I8I4 1314 1314
NeptuneM(A)a60o 1 1614 16 18)4
N EngPw Aa pf (6)100« 78J4 7814 784
New HavCl (114) 1 22 22 22
New Jer Zinc (t2) 400* 8114 *1 *1)4
Newmont Min b75i 8 11014 110 110
NYMer(gOc)- 1 1334 1334 1834
N Y Omnlbus(war) 4 16 15 16
N Y Tel pf (614) 350. 11114 11114 11114
N Y Water Svc pf. 20. 40)4 40 40
Niag Hud Pwr new s 13)4 1* 1814
Niag Hud 1st (6). 200. *834 8*4 86W
Niag Sh Md B a60e 7 14 1814 14
Nlpisslng (50c)1 2*4 234 2*4
Northern P L 75c. 1 1234 1234 123.
North AmLAP pf 250. 56*4 *64 664
No Am Ray B b50c 1 454 454 454
North'n Europ 011 1 4 4 *4
No IPS 6% pf b76c 40. 864 854 854
North States Pa 8 25 2414 2414
Novadel Agene(2) 1 824 824 824
Ohio Oil cu pf (6). 1 107 107 107
Ohio Pwr pf (6)... 25. 110 no 110
Pac GAE let (114) 2 29*4 29*4 29*4
Pac Tin spec <t2). 150. 414 41 41
Pan-Am Air (tl). 6 704 684 704
Pantepee Oil_ 501 8 614 74
Pender Gr(B)a50o 1 10*4 104 104
Pennroad (a26c>. 8 44 434 44
Penna PAL pf <7)150. 102 1014 1014
Penn Wat A P (4) 1 79 79 79'
Peoperell Mfg 18. 260. 187 1334 187
Phoenix Secur .. 2 1C4 104 104
Pierce Gov (bl5c). 2 28)4 2* 2*
Pion’r G Ltd b30c. 2 44 44 44
Pitts A L E b2*4— 80. 1054 106*4 1064
Pitts Plate G (bl) 1 124 124 m
Potrero Suiar. ..2 8 s 8
PowdrellAAl tSOe 2 104 104 104
Pratt A Lamb (a21 1 844 *44 844
Producers Corp... 19 4 4 14
Propper-McC (d). 1 4 4 W
Prudent Invpf (6) 100. 1004 1004 1004
Pyrene Mf* a90c.. 1 104 104 104
Ry A Lt Sec al.66. 26. 214 214 2114
Rainbow Lum (A) 1 1 1
Rayro’d Cono (tl) 50. 43 424 424
Raym’d Con pf(J) 150. 484 484 484
Raytheon Mfg etc. 6 6 6 6
Reeves (Dan) 50e. 2 64 « g
Reiter-Foster_ 10 14 114 11/
Rlchm’d Radiator. 1 54 64 54
Roosevelt Field ..2 8 24 24
Root Petrolm b25e. 8 74 74 74
Root Pcvpf 1.20.. 2 114 12 12
Ryan Conaolld’d.. 2 64 54 *4
Ryerson A Haynes 1 64 64 54
St Anthony Gold., P 1 4 4 4
Sr Regis Pacer . 42 104 94 97^
Samson Unitd C’p. 1 64 54 631
ScoviU Mfg (b50c)550. 44 434 434
Segal Lock AH.. 7 24 24 24
Selberllng Rubber 1 ' 8 77^ g
Selhv Shoe (1.60). 10J. 25 25 25
Sel Ind ell cfs 54 300. 108 103 103
Sel Ind pr pf <6141200. 1004 1004 1004
Sel Ind cv b374c . 1 25 26 26
Seversky Aircraft 4 6 4*4 44
Shattuck Den Min 8 17 164 164
Sher-Wlllms (t4). 50. 183 188 138
Sherwln W pf (5). 60. 1104 1104 1104
Simmons Hd A P. 6 44 44 44
Singer Mfg <t«)— 20. 297 297 297
SonotoneC (alOc) 7 14 14 14
So Penn Ollftl 4). 1 424 424 42U
Southn Onion Gas. 1 4 4 34
Southl’d Roy blOc. 2 104 104 low
SpanlshAGen rcta. 10 4 4 4
Spencer Ch S b75c. 4 104 104 low
Stand CapAS tl.60 t 224 224 224
Stand C S pf 1.60. 1 25 26 26
Stand Dredging.. 8 6 6 6
Stand Dr cv pf-450. 21 20 20W
Stand Oil Ky (tl). 4 194 194 194
Stand Oil Ohio tl. 8 384 88 884
Stand Pwr A Lt .. 24 4 4
Stand Prod <b25c) 1 19 19 19
Stand SllALd («c> 2444
Sterchl Bros s30c 8 94 94 94
Sterl Alum (b25c) 2 94 94 94
Sterling, lnc(20c) 18 64 6 64
Stuti Motor_ 7 X H 4
Sullivan Machine- 4 214 214 214
Sunray Oil (b5c)_. 9 44 44 44
Sunr'y O cu pf 214 1 47 464 47
Sunshine Min (I). 8 184 1*4 184
Swlsa-Am Eleo of 50.111 m m
Tampa El (2.24).. 2 864 864 864
Tastyeast (Del) A. 1 14 14 14
Technicolor a50«_ is 234 234 28
Texon Oil A L 6O0. 1 54 54 64
Tllo Roof Inc (1). 1 164 164 164
TobAAll Stksa314 50. 644 644 644
Tob Prod Exp 11c. 2 84 84 84
Tonopah M (a6e). 2 14 14 14
Tr-Lux DPS t20e. 17 44 44 44
Triplex S G(new). 1 154 154 164
Tublze Chatllllon. 18 294 284 284
Tublze Ch A (bl). 6 864 84 85
Tung-Sol Lamp... 2 7 7 7
Un Gas of Can 60c. 4 15 15 16
United Corp war— 1 14 14 14
Unit GaaCorp- 28 104 94 94
UtdGaewar__ 1 24 24 24
Unit Gas pfb3 4-. 8 116 116 116
Unit Lt A Pw (A). 1 64 64 64
uuusaotn Tin. eus 89 89
Unit S Mch pf 1.60 160a 88 88 88
U S Poll <B) <1)_ S U 13)4 13)4
USA Inti Secur.. 2 2H 2)4 2k
U S Lines pf- 1 3H 8k 8k
U S Rub Reclaim— 8 7*4 7)4 7)4
U 8 Stores_— 9 H H k
Unit Verde Bx (1). 11 8k 8k 8k
Unit Wall Paper.. 82 4)4 *k 4k
Unlv Corp’n t.Lc.. 4 6)4 6k 6k
Utilities PA L (d) * k k k
Util P A L pf (d) —100* 19 16X 19
Utility Eoultiee .. 6 4)4 4k 4k
Utility Ed pf b4^. Me 80 80 80
Utilities Induari. 11 11
Valspar vtc-- 1 6k 8)4 6k
Venezuela Petrol- 8 2H t 2)4
Va Pub Svo pf (7). 20a 90 90 >0
Waco Aircraft_ 16 6 6
Wagner Bale b40o. 1 20 20 20
Walker Minina_1 2)4 t)4 2)4
Wayne Pump 60e— B 46 46 4&
Weirt-n Oil of Del • 12)4 12k 12k
Wntwth Mfg bloc 1 6)4 6)4 6)4
Weet Tex Ut pf (6) 10* 86)4 86k 86)4
W Va Coal A Coke T 4)4 4)4 4)4
Westn A B (a2Bc). 8 10 9k 10
Western Auto Sup 2 28k 28 28k
WUson-Jones blk 1 B0 60 60
Willson Prod <tl * 2 16)4 16 16k
WlaP&LpE blJk. 10s 81 81 81
Wolverine PortC- 2 4)4 4)4 4)4
Wolver Tube b20c. 1 16k 16k 16k
Woodley Pet t40o. 1 8k 8k 8k
Wright Hare t40o 22 6k 6k 6k
Yukon Gold)alSo) 6 8k 8k 8k
Ygstn Steel Dblk ' 69*4 69k (9k
Dividend rates tn dollars based an last
quarterly or semi-annual payment, tAn
nual rate—net lndudlnt extras. {Ac
cumulated dividends, s Paid last year,
b Paid this year, d Companies reported as
beint In bankruptcy or in rscatvershlp, or
belns reorganised under the bankruptcy
act. or securities assumed by eueb sous
penis*.
EARNS 8SUI
Quarter’s Net Compares
With $1,505,266 for
Same 1936 Period.
By the Associated Press.
NEW YORK. May 7.—Niagara
Hudson Power Corp., in a report for
the quarter ended March 31, showed
net income of $3,378,630, equal after
preferred dividends to 32 cents a
share on the common stock. This
compared with revised net income of
$1,505,266, or 17 cents a share for the
quarter ended March 31, 1936.
Chicago Pneumatic Tool.
Chicago Pneumatic Tool Co. and
subsidiaries reported March quarter
net profit of *421,137, equal to *1.31
a share on common stock, against
*191,427, or 16 cents a share in first
quarter last year.
Allied Products Corp.
Allied Products Corp., producers of
machine equipment, with plants at
Detroit and Hillsdale, Mich., reported
March quarter net profit of *47,851,
equal after dividend requirements on
class "A” stock to 26 cents a share
on common stock. The company filed
no report for the first quarter last
year.
American Maracaibo.
American Maracaibo Co., a holding
concern for properties with oil leases
in South American fields, reported for
the year ended December 31 net loss
of *175,913, against net loss of $137,532
in 1935.
Poor & Co.
Poor & Co. reported for the March
quarter consolidated net profit of
$570,000, before the undistributed
profits tax, compared with $119,000 In
the like 1936 period. For the 12
months ended March 31, net profit
totaled $869,000, after provision for
the undistributed profits tax. This
compares with $176,000 In the pre
ceding like period.
Holland Furnace.
Holland Furnace Co. reported for
the first quarter a net loss of $176,864,
compared with a net loss of $188,032
a year ago. For the 12 months ended
March 31, there was a net profit of
$1,394,265, after undistributed profits
taxes, against a profit of $727,476 in
the preceding like period.
Superior Oil Corp.
Superior Oil Corp. reported for the
March quarter net income of $42,167,
before undistributed profits taxes, equal
to 3 cents a share on 1,388,979 common
share*. This compares with $63,438,
or 6 cents a share on 988.979 shares
in the like 1936 quarter.
General Transportation.
General American Transportation
Corp. reported March quarter net
profit of $1,120,000. before undis
tributed profits taxes, compared with
$308,025 In the corresponding 1936
quarter. The company manufactures,
repairs and operates various kinds of
railroad cars.
Sterling Products.
Sterling Products, Inc., and sub
sidiaries, manufacturers of medicinal
products, reported March quarter net
profit of $2,746,676, equal to $1.60 a
share on capital stock, compared with
$2,706,646, or $1.57 a ahare, in first
quarter last year.
Curtiaa-Wrifht Corp.
Curt las-Wright Corp, and subsidi
aries, manufacturers of airplanes and
equipment, reported for March quar
ter net profit of $269,251, equal to 23
cents a share on non-cumulative class
“A” stock. This compared with re
vised net income of $268,479. or 23
cents a share on class "A” stock in
March quarter last year.
INVESTING COMPANIES
Security SSf* AsYocikt,Y°rk
"Closine Quotations 1
i , T o*a Asked.
Admin Fd 2d Inc_.38 72 19 9°
Am Business Shrs.._ ] ’2.3 1^35
Am Gen Ea Inc_..... i.ii 1 °4
Am Ins Stocks_ 5*05 H 00
Bancamer Blair _ 10.375 11 ..375
Bankers Nat Inv Corp... .3 75 4,375
Basic Industry_519 J/°
Broad St Inv -.35.21 37 88”
Bullock Fund -21.75 2,3.50
Corporate Trust __ 0 98
Corporate Trust AA_ 2.8.3
Corp Tr AA mod__ .3 86
Corp Tr Accum Ser__ 2 8.3 7
Corp Tr Acc Mod__ .3 68
Cumulative Tr Sh __« 40
Depos Bk Sh N Y “A"_ 2.48 I”
Depos Ins Shrs "A”_ 3 39
Depos Ins Shrs “B"_ 3 20
Diversified Tr C_ 5.10
Dividend Shrs _ 1 97 V10"
Equity Corp $3 pf_ 38.25 A\'nF*
Fidelity Fund Inc_ 27.10 29 °0
Boston Corp- 34.00 35.50
Fixed Trust 8h A__ 3 .3 .34
Fixed Trust Sh B_11 1.3
Found Tr Sh A_ 4.95 "5'«5~
Fund Investors Inc_ 24 1 1 25 46
Eun5 Jr ®t?rs A- 6.28 7.OO
Fund Tr Shrs B_ 5.47
Gen Investors Tr__ 6.02 ”7 5.3”
Group Sec Agriculture_ 1.9.3 2^09
Group Sec Automobile__ 1 45 1.58
Group Sec Building__ 2.12 2 *'9
Group Sec Chemical_ 1.60 174
Group Sec Food _ .99 ] 08
Group Sec Invest Shrs_ 1.70 1.84
Group Sec Merchandise.. 1.41 1.5.3
Group Sec Mining_ 1.68 • 1 8°
Group Sec Petroleum_ 1.49 1.62
Group 8ec RR Equip_ 1.56 1 69
Group Sec 8teel_ 2.05 2.22
Group Sec Tobacco_ 1 07 1.17
Huron Holding _ .75 1.13
Incorp Investors_25..37
Instl Sec. Bank Group_ 1.8.3 1.97”
■Instl Sec. Insurance_ 1.59 1 72
Investors Fd “C” Inc .. 15.54 16.50
Keyston Cust Fund B-,3._ 2214 24 24
Major Shrs Corp_ .3 00
Maryland Fund _ 9.90 l"n 85”
Mass Invest Tr- 28.35 30.08
Mutual Invest_16.14 17 64
Nation Wide Sec_ 4.52 *62
Nation Wide Voting__ 2.06 2 rt2
Natl Investors_ 7.2.3 7 48
2*5 F^nd-IR.54 19.94
N J Bk Tr Shra- 4.00 _ _
NY Stock*. Bk Stock* __ 11.85 13.80
N Y stocks. Bid* Supply_11.07 12.93
N Y Stocks. Klee Equip.. 12.45 13.44
N Y Stocks. Insurance_10.02 11.47
N Y Stocks. Machinery.. 13.48 14.55
N Y Stocks. RR Equip_14.73 15.80
N Y Stocks, Steel_15.37 16.58
North Am Bnd Tr ctfs_ 69.125 63.376
Nor Am Tr Shares_ 2.76 _
Nor Am Tr Sh 1056_ 3.52 _
Nor Am Tr Sh 1956_ 3.46 _
Nor Am Tr Shs 1958_ 3.26 _
Plymouth Fund Inc_ .92 1.03
Quarterly Income Sh_17.87 19.58
Selected Am Sh Inc_15.00 16.35
Spencer Trask Fund_ 21.28 21.94
Stand Am Tr Shrs_ 4 10 4.35
Stand Util Inc_ R7 .94
Super of Am Tr A_ 4.04 _
Super of Ar Tr AA_ 2.74 __
Super of Am Tr B__ 4.21 _
Super of Am Tr BB_ 2.74 _
Super of Am Tr C_ 7.82 _
Super of Am Tr D_ 7.83 _
Supervlaed Shrs _14.49 15.75
Trustee 8tand Inv C_ 3.10 __
Trustee Stand Inv D_ 3.05 .__
Trusteed Am Bk “B"_ .92 1.03
Trusteed Industry Shra.. l.sn 1.66
Wellington Fund_19.86 21.77
NEW YORK PRODUCE.
NEW YORK. May 7 (JPi.—Butter. 3,071,
firmer. Creamery, hither than extra.
33',4-34: extra (92 score). 33: first* (88-91
scores), 30(4-32(4: seconds (84-87 scores).
27-30. Centralized (90 score). 32.
Cheese. 108.296. firm. State, whole
milk flats, fresh, fancy, 18(4-17; held
fancy 1936.. 22(4-23.
Efts. 16.169. Irregular. Mixed colors:
Special packs. 23'a-24Vi; storage Packed
firsts. 22(4-%: firsts. 20(4; mediums,
19 (i; other mixed colors unchanged.
Live poultry, by express, steady; broilers.
Leghorn, 14a20; Reds. 17a21: Crosses,
17a24; roosters. Ilal2: turkeys. 14a20.
Other express prices unchanged.
No freight prices, due to handler!'
■trike.
Dressed poultry steady to easy: fowls,
fresh and frozen. 36-42 pounds. 17(4a22(4;
48-64 pounds. 18,4a23(4; 60-86 pounds,
13al6. Other fresh and frozen prices un
changed.
METAL MARKET.
NEW YORK May 7 ()P).—Copper
steady; electrolytic spot and future. 14.00:
export. 14.32(4. Tin firmer; spot and
nearby. 55.60-82'4; future. 55.12(4-25.
Lead steady; New York spot. 6.00-6.05;
Cast St. Louis spot. 5.85. Zinc steady;
last St. Louis spot and future. 6 75.
Iron, aluminum, antimony, aulcjufiver.
platinum and wolframite unchanged.
How the Price of Alleghany
Corporation Stock Fluctuated
During the Last Five Years
dollars Prica* of Allaghotoy Corporation Stock, 1933-1937 dollars
FfR SHARI KR SHARI
J F MAM J J A S ON 0 J FM AM J J A SON D J FMAMJ JASONDJFMAMJJASONDJFMAMJJASON 0[
1933 1934 1935 1935 1937
LoHart Abov^ArajmtiaUofjdonfhi: J for January, F for Fobruary, Etc. lamHm
Washington Exchange
SALES.
American Security & Truat Co.—2 at
295.
AFTER CALL.
Capital Traction 5s—$500 at 91%,
$1,000 at 91%, $1*000 at 91%, $1,000
at 91%.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Amer. Tel. & Tel. 41 ,-s lu.V.
Anacostia & Pot. 5s_.. 74 77
Ana. k Pot. Guar. 5s. _1 07 _ __
C. k P. Tel. of Va. 5a . _ 103
Capital Traction R R. 5s . ftl 02
City & Suburban 5s .04', S5'4
Georgetown Gas 1st 5s 112
Pot. Elec. Pow. I'.a. __ 101 103%
Wash. Gas 5s 1050 _ 105 107
Wash. Gas 5s 1000 . _ 115', _
Wash. Ry. & Elec. 4s 105 _
MISCELLANEOUS
Ool. Country Club 5'4s _ 105 _
W. M. Cold S'orate 5s 100 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A Tel. (9) __ 169 _ . '
Capital Transit Co. _ 11 13
N. Ac W. Steamboat (6) . 110 _ __
Pot. Elec Pow. 67* pfd. (fit 11 L _
Po. El. Po. .Vaf* W <5 50) 111 117
Wash. Gas Lt. Co. <2.60t _ 79 81
Wash. Ry. Az El. com <36)_ 735
Wash. Ry. & El. pfd (5) 109*4 _
BANKS AND TRUST COMPANIES
Amer. Sec. A Tr. Co (e8)_ 29! 300
Bank of Bethesda <h73) .. 34
Capital <4> 140
Com. A: Savings (10). _ 210
Liberty <4» _ . 15o 160
Lincoln (f6.25) 200
National Sav A: Trust 170
Pr. Georges Bk. Ac Tr. (.50) 17 21
Riggs <e8i_ 300 325
Riggs pfd (5) _ ] <> 1 1 2
Washington (6) 130
Wash. Loan A: Tr. <p8> 201 300
FIRE INSURANCE
American (6». 110 _
Corcoran (5) __ _3 80 _
Firemen's <1.60) 20 _
National Union (.60) 16 _
TITLE INSURANCE
| Columbia (.30)_ _ . 13 3 634
Real Estate <6) 170 _
MISCELLANEOUS.
Carpel Corn <2.00). __ 30 26
Lanston Monotype ( + 4) 95 1(8)
Lincoln Service Com. < l.00> .15
Lincoln Service nfd. <3.50) _ 50 63
Mergenthaler Lino. (2.00» 45'2 47
Peoples Drug S com (tl.OO» 54 57
Peoples Drug S. pfd. <6 50> 112
Real Est. M AG. pf (••.70) 5’, 5V*
Security Storage <5) 115 3 75
Ter. Ref. Wh. & Corp <3* 60
Wdwd. A Loth. com. ( + 1.50) 80 68
Wdwd. A Loth. Pfd. (7)_115 125
•Ex. dividend.
♦ Plus extras,
e—2rr extras,
f—1 Va% extra,
h—75c evtra.
••—25c paid June 30. 1936; 45c paid
December 22. 3 936.
-•
FOREIGN MARKETS.
LONDON. May 7 OPV—A confident tone
prevailed in the stock market today arid
prices were generally firm following the
completion of the fortnightly settlement
without any difficulties appearing. De
Beers shares were strong on favorable
dividend forecasts and gold mining Issues
sold higher, with kaffirs moving upward
on Cape Town buying German bonds
were also strong and trans-Atlantic se
curities generally higher. In the industrial
group oil and rubbers were in demand.
PARIS.—Closing prices were generally
firm in the Bourse, with rentes showing
net advances of .35 to 55 centimes. Bank
of France shares gained 105 francs. Royal
Dutch. 50 francs, while Suez Canal was
easier, declining 15 francs.
FOREIGN EXCHANGES,
NEW YORK. May 7 opi.—Foreign ex
change steady: Great Britain in dollars,
others In cents. Great Britain, demand.
4.9334', cables. 4.933,. 60-day bills. 4.955«.
France, demand. 4.49: cables. 4.49, Italy,
demand. 5.26*4: cables. 5.26*4.
Demands—Belgium. 16.95: Germany,
free, 40.21*2: registered. 19.85: travel.
23.50: Holland. 54.87*2: Norway. 24.82:
Sweden. 25.47; Denmark. 22.05: Finland.
2.18: Switzerland. 22.88* i: Spain, un
quoted: Portugal. 4.49*2: Greece. 0.91:
Poland. 18.98; Czechoslovakia. 3.49: Yugo
slavia. 2.34: Austria. 18.75n: Hungary.
19.80: Rumania. 0.75: Argentina. 32.90n:
Brazil. 8.80Un: Tokio. 28.79: Shanghai.
30.00: Hongkong. 30.71: Mexico City.
27.86: Montreal in New York. 100.21'g;
New York in Montreal, 99.78*8.
n—Nominal.
-•
MONEY MARKET.
NEW YORK. May 7 0P>.—Call money
steady: 1 per cent all day; prime com
mercial paper. 1 per cent: time loans
steady: 60 to 90 days. 1*4: 4 to 6
months. 1*2 per cert; bankers’ accept
ances easy: 30 days. *.a-,T,: 60 to 90
days. A-Va: 4 months. »»-,*«; 5 to 6
months. 4 - * W: rediscount rate. New York
Reserve Bank, 1*2 per cent.
Security Offerings
Show Substantial
Increase in Week
By the Associated Press.
NEW YORK, May 7.—Security
financing expanded sharply in the
week ended Thursday, Investment cir
cles noted today.
A special compilation by Poor’s Pub
lishing Co. follows: ,
Week Ended
_ , May 6. Previous Week.
Total -$04,216.733 $37.SO0.pl 1
Municipal ..$11,718,175 $8,728,000
Industrial_$2,300,000
Utility -$42,500,000 $5,000,000
Railroad _$0,400,000 $14,700,000
Miscellaneous $130,000 SRO.OOO
Stock -$1,078,558 $8,608,911
WOOL PRICES EASE
IN QUIET MARKET
Scattering Small Sales Recorded.
Extent of World Decline
Is Debated.
By the Associated Press.
BOSTON. May 7 —The Commercial
Bulletin will say tomorrow:
“Scattering small sales of wool are
reported, but the market Is generally
very quiet and the trend of prices is
easier. Just how much the market
has declined is a matter for debate,
but the trpnd is downward both here
and abroad.
“London closed with prices under
the opening and except for medium
and low crossbreds about on par with
March closing rates. Medium and low
crossbreds were up 2 to 3 cents, com
pared with March.
“Western operations are limited.
Prices on bright fleeces are said to be
down fully 3 cents from the peak.
Best territory and Texas woois are
being taken at about $1, clean landed
Boston.
“The piecegoods market la unsettled
and disappointing.
“Mohair is firm with business chiefly
for sampling purposes.”
LOCKHEED AIRCRAFT
DELIVERIES TREBLED
Special Dispatch to The Star.
LOS ANGELES, May 7.—Showing a
substantial gain, deliveries of the
Lockheed Aircraft Corp. for the three
months ending March 30, 1937,
amounted to approximately $1,000.
000, according to Robert E. Gross,
president. This compares with de
liveries of about $325,000 for the same
three-month period in 1936.
The current backlog figure as of
April 30, 1937, stands at $2,972,000,
compared with $750,000 as of the same
date last year.
Present employment of 1.500 work
ers compares with a pay roll of 450
a year ago.
CHEESEBOROUGH SALES UP.
NEW YORK. May 7 f/P).—Clifford
W. McGee, president of Cheeseborough
Manufacturing Co., told stockholders
at the annual meeting today first
quarter sales showed a healthy in
crease over the same quarter last year.
FREIGHT LOADINGS.
NEW YORK. May 7 '.P>.—Revenue freight
carloadine> on railroads reporting today
for the week ended May 1 included:
Previous Year
Mayl. week. ago
C «Vr O 34.444 33.140 31.305
Nickel Plate ... 15.837 14.010 14.435
Pere Marquette __ 12.665 12.308 12.04t
JQUESTIONS THAT ARE ASKED ABOUT BANKINoJ
STATED in simple terms, it is the duty of
bank directors to direct. They are elected
by the owners of the bank—the stockholders
who delegate to the board of directors the
responsibility of management. The directors,
in turn, hire the officers who, with other
employees, carry on the daily work of run
ning the bank.
But the final and inescapable responsibility
for the bank rests upon its board or directors.
It is their job to exercise control and super
vision of its affairs. It is their duty to know
about the important phases of the bank's
business.
Our directors actively direct the affairs of
this bank. They meet regularly to pass on
important matters, to make decisions and
establish policies which guide our officers in.
the daily management of the bank.
Mcl,achlen Banking Corporation
Since 1891
TENTH AND G STREETS, N. W.
S.W. Branch, 12th and Maryland Ave. S.W.
Member Federal Deposit Insurance Corporation
f Booklets covering this srrlr.t -
may be had «ro» request.]
INSURANCE STOCKS
NEW YORK. May 7 on.—New York
Security Dealers' Association:
„ „ , Bid Asked.
Aetna Cas (2a)_ _ 95'2 99'3
Aetra Ins (1.601 _ 44'. 46'.
Aetna Life (,80a)_ 2R‘/a ,‘lrt
Am Equit (1.00a) _ 40'2 4:t'4
Am Rems (,40g) _ __ 41 s4 4.('4
Am Reserve (la)_. 28". 3o'/4
Am Surety (2'2) _ ft:! ft4
Automobile (la: _ 29 -Sou
Balt Amer (,30a) 7'; 8*.
Carolina (1.30) __2ft "n'i
City of N Y (1.20) 2ft’4 °T'4
Conn Gen Llf (.80)_ 37 3Ri,
Contin Cas (1.20) __ 27 29'4
Fid At Dep (41 127 130
Frank Fire (la)_ _ 30'a 3314
Gen Remsur (2) _ 4" 41
Glen Falls (1.60) _ 47 44
Globe As Rep (.80)_ 20'4 ""it
Globe A: Rut _ 62 6ft
Great Amer (la) . 26'. "7s;
Hanover (1 60) 333. ~(5X
Hartford Fire (2) _ 66'2 08(4
Home Fire 8ee _ __ ft 6'4
Home Ins (lai _ _ 3.51, 37'j
Homestead il) ..._17 js>,
Knickerbocker (.80) .... 17 19 i
Lincoln Fire _ _. 41, 5%
Maryland Cas _I 6'4 7
Mass Bond (3!4> ._ 59 62
Natl Fire (2) ... H">4 64'i
Natl Liberty (,20a 1 9 10'i
N Hampshire (1.60) _ 4ft'4 40',
N Y Fire (,80a) . _ “ "(>3’ ’- if
Nor River (li__I~~ "s'* "7
Phoenix (2a> _ 86', pn'i
Prov Wash (1) __ _ 3414 36'!
Revere (Pi In (1.30)_ 2ft "6'a
Rossia Ins (.(Ida) _ 11 1 •> 1 *
St Paul Fire (61 _ _ 20ft "of)',
Springfleld i4’3si) _ 119 ('•>•.
Sun Llf (3\gi .. ' 67ft 4-g
T/avelers (10) -475 48ft
U 8 Fire (2) ft"' 5414
Westchester (1.20a)_ 34 36
a—Also extra or extras.
«—Declared or naid so far this year.
IT. S. TREASURY POSITION.
By the Associated Press.
The position of the Treasury May ft'
S83*fto'*.030 ftV 5°alance ’
5°mS recelpts for the month, j
4 for the fiscal year r since July'
i) /% / 667 .9*: expenditures. $6.- i
■T9 0.018.323.56. including $2,409,926.
.->54.00 of emergency expenditure?: excels
j of expenditures. $2 223.457.655.5*: gross
• 335Ay. an increase cf
' $0- 052.439.07 over the previous dav: gold
*37.706.761 *2 including
j $606,405.2*8.51 of Inactive ftold.
LOANS—
ON IMPROVED D. C. PROPERTY
Immediate attention on your appli
cation for buying, rebuilding or
refinancing.
Loans repayable monthly.
No charge for appraisal if loan is
not made.
Interest charged only on unpaid
balance ot principal.
Eq uitable Co-operative
B UILDING A SSOCIATION
915 F STREET N.W.
Organized 18T9
IF YOU HAVE
MARKETABLE
SECURITIES
„ . . . and need money at any
time, you should have no hes
itation in asking us for a ioan.
We assure you courteous
and prompt attention
The
WASHINGTON LOAN
AND TRUST COMPANY
F Street at 9th ^ 17th Street at G
MEMBER FEDERAL RESERVE SYSTEM AND
FEDERAL DEPOSIT INSURANCE CORPORATION
BANK ACCEPTANCE’
RATE IS REDUCED
Expectations of New Rise
in Short-Term Loan
Costs Upset.
By the Associated Press.
NEW YARK, May 7—A cut In
rates today on bankers’ acceptances,
a credit instrument used chiefly to
finance foreign trade, upset expecta
tions widely held in financial circles
a few weeks ago of further advance
In short-term borrowing costs.
After five increases accompanying
Federal Reserve Board moves to cur
tail credit expansion by locking up
the bulk of member banks’ surplus
reserves, bill dealers reversed the
trend and lowered rates on most
maturities one-sixteenth of 1 per cent.
Many had looked for more advances
In short-term money rates after May 1,
when the raising of reserve require
ments as a means of reducing surplus
loanable funds became fully effective.
Member banks, however, have
emerged with a remaining surplus
larger than had been calculated early
In the ”ear and heavy liquidation of
United States Government loans by
banks this year provided many in
stitutions with extra cash.
With the money market thus amply
supplied, dealers had noted increasing
demand for short-term paper the last
few days. When the May 1 boost in
reserve requirements failed to tighten
rates, a cut in bill yields was con
sidered logical.
Another manifestation of easing
money tendencies was seen in a re
covery in United States Government
bonds, hard hit by selling last March
and early April.
Dealers also were said to have been
influenced by announcement there
would be no increase next week in
the amount of Treasury bill offerings.
A steady rise in the rate on Treasury
short-term paper in recent months
contributed to mark-ups in yields on
competing credit instruments.
Under the new rates, bills maturing
in 60 to 90 days were quoted at 9-16
of 1 per cent bid and >2 asked. Four
month bills were s to 9-16 and six
month bills % to %.
Bills payable in 30 days remained
at y2 to 7-16.
Grant W. T. Co.—April sales were
off 6.2 per cent, four months up
3.9 per cent.
_advertisement.
DON'T”SPECULATE! "
t50 YOU INVEST IN AN OUTRIGHT
PURCHASE WILL EARN YOU 8';
NOW AND A GOOD PROSPECT OF
INCREASED INCREMENT
In a 40-year-old Company having Vmcert.
Astor. Adrian Iselln and Bradley Martin
as Directors, and which has consistently
paid substantial dividends throughout this
and prior subnormal periods. B^ok value
is about three times present market value
We trade in this stock and agree to re
purchase within four months at 10^ dis
count and will send you a report of the
comDany upon reauest
THE WHITELAW COMPANY,
INVESTMENT STOCKS & BONDS,
89 BROAD STREET,
NEW YORK CITY.

Evening star. [volume], May 07, 1937, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], May 07, 1937, Page A-17, Image 17 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], May 07, 1937, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972