IS FUND HERE
Life Underwriters to Hold
Luncheon—Exhibit to
Be Opened.
BY EDWARD C. STONE..
National life insurance week in
Washington will start off with two
special events next Monday, first a
luncheon of all members of the Dis
trict Life Under
writers’ Associa
tion at the Wil
lard Hotel at
11:30 a.m., and
second the open
ing of a special
life insurance
exhibit at the
Depart m e n t of
Commerce, com
mencing at 1:45
p.m„ Earle W.
Sapp, association
chairman, a n -
nounced today.
The lunch eon
guest speaker
Earle W. Sapp.
will be George L. Hunt of Boston,
the national association's campaign
chairman, who will also take part
In opening the exhibition at the
Commerce Department.
The national association reports
that references to the value of life
Insurance will be made in the pul
pits of hundreds of churches all over
the country tomorrow. Many Amer
ican colleges will observe the week
with lectures, displays and discus
sions. while business firms everywhere
have donated space for posters, signs
and other material about insurance.
The newspaper advertising cam
paign will be larger than usual this
year. Liberal space has been taken
in the Washington papers and in some
730 other papers in 401 cities. Local
broadcasts have also been arranged.
In some instances State and city of
ficials have called attention to in
surance week aims.
Secretary of Commerce Roper is
sued a statement lauding the pur
poses of life insurance as it touches
the social and economic welfare of
the country. The exhibit in his de
partment has been prepared by
Guerra Everett.
Bond Outing Plans Ready.
Members of the Bond Club of Wash
ington today received invitations to
the annual outing, ‘o be held at the
Manor Club on Friday, June 4, signed
by President Thomas C. Montgomery
and Secretary Chauncev G. Parker,
jr. All the usual amusements are on
the program, will elaborate prizes for
the winners.
Three high spots of the outing will
be the annual mock stock exchange
session, the annual dinner and the
election of officers. Kenneth S. Wales
Is chairman of the Nominating Com
mittee, his report placing before the
Bond Club the names of Clark Brown
for president, Chauncey G. Parker,
jr„ viqe president; George M. Ferris,
secretary and treasurer; Frank M.
Hall, governor, and Thomas C. Mont
gomery, also governor.
Edson B. Olds, jr., is general chair
man of the Outing Committee, Ills
assistants being Chet Ailes, ban
quet; Myles H. Quail, tickets; Bayne
Marbury, putting; Dick Dunn, golf;
Frank Rapee, horseshoe pitching;
Donald H. McKnew, prizes, and Har
old Patterson, stock exchange.
“In view of the substantial growth
In the membership of the club, it is
impossible for us to have guests," the
invitations state.
GENERAL STOCKYARDS
SELLS SHARE HOLDINGS
By the Associated Press.
CHICAGO, May 15.—United Stock
yards Oorp., $12,000,000 holding man
agement company, announced yes
terday acquisition for $3,383,483 of
all the stock holdings of General
Stockyards Corp., giving It definite
majority control of four yards at St.
Paul, Sioux City, Fort Worth and
Toronto.
Associates of John Da Witt, organ
leer of United Stockyards, said part
of the proceeds will be used by Gen
eral Stockyards to retire its 21,360
outstanding shares of $100 par 7 per
cent preferred at $107.50 a share plus
accrued dividends and the corpora
tion then will be dissolved.
Holders of 64,000 shares of General
Stockyards common stock outstand
ing. approving the dissolution of the
company, voted recently to accept not
leas than $28 a share for their stock
In the deal.
DOLLAR MOVES DOWN
IN LONDON DEALINGS
By the Associated Press.
LONDON, May 15.—United State®
dollars were quoted 4.94 >4 to the
pound, off seven-sixteenths of a cent,
In final foreign exchange dealings to
day, contrasted with $4.94*4 for ster
ling in New York yesterday.
French francs closed net unchanged
110.25 to the pound.
50 TONS OF LEAD SOLD.
NEW YORK, May 15 (£>).—'The St.
Joseph Lead Co. reports that 50 tons
of pig Iron from Southeast Missouri
mines were sold yesterday at $5.85 per
hundred pounds, St. Louis.
CHICAGO LIVE STOCK.
CHICAGO. May 16 (/Pi (U. 8 Dept. Agr.).
•—Hoga. 2.000, including 1,800 direct; very
little on aale. practically nothing mod or
eholce: nominally ateady with an #11 nomi
nal top. aame aa Friday; shippers took,
none; eetlmated holdover. 300: compared
week aso. 60 to 05 higher; week's top.
11.00: closing top. 11.00. _
Cattle, 100; calves. 100: compared Fri
day last week; good end choice fed steers
and yearlings 50 higher, as much as 1.00
over last week’s low time: common and
medium grades 25 higher; biggest advance
on kinds now selling at 10.50 upward:
largely light weight steer run: killing quali
ty Teas desirable than week earlier: upturn
stimulated by aupply abridgement et all
markets follovgng last week's break; in
tenJlve field work expected to curtail runs
•ear next two weeks, but sharp advance
may attract cattle; fed and grassy heifers
96 higher: beef cows steady: grassy cutters
weak to 25 lower; bulls 50 oft and vealers
ft to 1.00 down; top. 1.265-lb. steers,
16.00. Uttle above 13.60; best yearlings.
13.00: light heifers. 11.75; package heavy
Heifers. 13.00; most steers. 9.75-12.60.
Sheep. 9.000. including 9.000 directs.
^»r week ending Friday. 13.000 directs.
Oompared Friday last week: Fat lambs
95-60 higher: Spring lambs. 60-76: spots.
1.00 up; sheep steady; week's extreme top
native Spring lambs. 13.50; bulk Call
{ornlaf. 12.65 down to 12.60: top wooled
ambe at midweek. 12.76: bulk of week's
offerings. 11.60-12.75; extreme top clipped
lambs. 1125: others. 10.25-10.76 mostly:
top shorn ewes. 6.25: bulk. 4.00-5.00:
acattered wooled ewes, upward to 6.00
and 6.60.
NEW YORK PRODUCE.
NKW YORK. May IB MB.—Kggs. 34.002:
firmer. Mixed colon, special packs. 2314
2B: standards. 231V. storase-packed firsts,
23: firsts, 2114-14: mediums. 20-2014;
dirties. No. 1. 20; average checks. 10.
Butter. 9.410: weaker. Creamery, higher
than extra. 3214-33: extra (92 score). 32;
firsts (88-91 scores). 2914-31: seconds
<84-87 scores). 20-29: centralised <90
score). 3014.
Cheese. 233.980. firm and unchanged.
Live poultry, by express, weak. Prices
unchanged.
a Dressed poultry generally steady. Fowls.
PJO-0B pounds, fresh and froeen. I7a22.
[ oUter fresh and frozen prices unchanged.
1
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private wire Direct I* The Bter.
All New York markets ere bow ea IsylUht savin* time.
Prev. 1937 Btock end Bales— Net
Hlth Low. Dividend Rate Add 00. Huh. Low. dote. cute.
22% 15 Adams Exp (a&5c).. 4 16% 16% 16%
36 29% Addressog'ph b60c.. 2 30 80 30 + %
4% 2% Advance Rumely... 1 2V4 2% 2%
80% 68% Air Reduction <tl)_ 4 70% 70% 70% — %
5% 2% Air-Way Electric.— 2 2% 2% 2%
15% 11% Alaska Jun IttOo)— 6 12% 12% 12%+ %
5% 3% Alleghany Corp_12 3% 3% 3%
27% 20 Allen Indus tl)_ 8 20 % 20 20
258% 220 Allied Chem (6)..„ 1 221 221 221 —1
21% 15 Allied Stores (b20o) 7 15% 16% 15% + %
83% 68% Allls-Chalm (b60c). 15 60 59% 60
8% 4% Amal Leather ... 3 5% 6% 6% — %
101% 83 Am Ag Chm Del bl. 1 86 86 86 - %
21V4 Am Bank Note <tl). 8 21% 21% 21%
160 125 Am Brake Sh pf 5%. (0al27 127 127
12J 97% Am Can <t4) 2 98 97% 98 + %
IL Jj]®*4 Am Car& Fy (b25e) 1 52% 52% 62%+%
30% 23 Am Gomel A1 a(0o._ 1 22% 22% 22% — %
13% 8% Am Encaustic ... 6 8% 8% 8%
13% 7% Am A Foreign Pwr.. 11 7% 7% 7% + %
®8’* fa tt l°T 17 vt~ 2 48* 47* <7% -1%
38% 19 Am A For Pw 2d pf. , 1 20% 20% 20% + %
21 16% Am Hawaiian (1) ._ 3 17% 16% 16% - %
62% 42 Am Home Pr t2.40__ 3 43 43 43
4% 2% Am Ice _ 8 3 3 8
77*‘ *5* Am Interntl (B40c). 2 13% 13% 13% + %
19* if, Am ^ocomot,v« 1 44% 44% 44% + %
,L 107 Am Loco Pf (■*)—. 2 109% 109% 109%
13% 9 Am Mach A Met 60o. 3 9% 9 9u + v*
68% 46% Am Metals (b25c)__ 2 47% 47 47—4*
75 62 AmNswi (NIKI) 100e 63 63 63
79?f 8^Am Power A Light.. 11 9% 8% 8% - %
09,* Am Pw A Lt pf (5)_ 2 62 50 50 -2
®9% Am Pw ALt pf <•)_ 1 60 60 60
^9% 20% Am Radiator »60c— 28 21% 21% 21%+ %
45% 31% Am Roll MU! tl.20.. 7 38% 33 33
if*, ;! Am Safty Ras (t2). 2 29% 29% 29%-%
105% 79% Am Smelt A ReftS). 11 82% 82 82 - %
9c,V* 48% Am Steel Fdry (bl). 27 51% 61 61%+%
26% 20 Am Stores (2)_ 1 21 21 21 + %
9KT* *mfU*a'<2)- 1 4814 48* 48%-%
is? ,0^ AmSum Tob <tl)— 2 22% 22% 22%+%
187 160% Am Tel A Tel (9)— 4 164 164 164 -%
aa, ll A™ Tobacco (5)- 8 75 74% 74%-1%
yy/* <6 Am Tobacco B (5).. 8 77 75H 76!* —m
iSOVa l28Vi AmTGhaeeopf (6).. 1 130 130 130 +1
20% 13% Am Type Founders. 1 14 14 14
29% 17% Am Water W <*0c). 15 19 18% 18% + %
14% 8% Am Woolen _ 2 9 9 9
79 61 Am Woolen pf (bl). 1 61 61 61
20 6% Am Zinc A Lead .. 3 13 12% IS + y4
69% 47% Anaconda Cop (tl). 22 49% 48% 48%
25% 18 Anchor Cap (60c)— 3 18% 18% 18%+ %
10% 5% A P W Paper - 1 7% 7% 7% + %
46 40 Archer-Dan-M(t2). 1 42% 42% 42%+ %
13% 7 Armour of lll(b35c) 8 10% 10% 10% t %
70% 57% Armstrong Cork(2). 3 60% 60 60
17% 10% Artloom Corp_ 1 10 10 10 — %
24% 15% Aaaoo Dry Goods _ 2 16% 16% 16%
106 96 Assoc Inv pf ww(5). 20s 96 96 96
94% 69% Atch TASr»(tJ).. 14 89% 88% 88%
104 97% Atch T ASF pf(6)_ 2 100 100 100 +%
55% 44% Atl Coast LI natal). 3 48% 48 48
37 28 Atl Refining (tl)_ 6 29% 29 29%+ %
18% 15% AtlaaCorp (30e)_._ 1 15% 16% 15%
94 70 Atlas Powder bl1 71 71 71 + %
36% 22% Auburn Auto _ 2 25 24% 24%
9% 6 Aviation Corp Dal_ 16 6% 6% 6%
114 64 Baldwin Loco (d)_ 12 64 64 64 + 4
94 64 Baldwin aad <d)_ 4 6 64 6 + 4
404 204 Baltimore & Ohio_19 S24 324 824 + 4
474 334 Baltimore & Oh pf 1 374 374 374 + 4
45 384 Banror* Ar (24)„ 1 39 39 39 +4
1104 1004 Bangor & A pf (6).. 20*101 101 101 +S
434 29!* Barber Co (b25c) ... 4 304 294 30
42 38 Barker Bros pf 2%.. 60* 39 384 39 +4
354 244 Barnsdall (1) - 7 254 254 254 +4
204 144 Bayuk Cigar t75c_ 1 144 144 144
284 224 Beatrice Cream tl_. 1 224 224 224 + 4
1054 1014 Beatrice pf ww(i). 1 103 103 108 + 4
304 194 Bendlx Aviat'n b60e 11 194 194 194
234 204 Benef Ind Ln <b9oc) 2 204 204 204
624 504 Best & Co (24 )_ 1 SI 51 61+4
1054 73 Bethlehem Steel(bl 19 794 79 794 + 4
20 184 Beth 5% pf (1)_ 1 19 19 19 +
1294 117 Bethlehem pf (7) 1 1164 1164 1164 - 4
694 514 BIgelow-Sanf'd bl!4 1 524 524 624 + 4
38 28 Black A Deck b60c.. 1 284 284 284 + 4
294 22 Blaw Knox (b20c)_. 5 23 4 234 234
494 324 Boeing Airplane ... 1 334 334 334
484 401* Bohn Alum & B(S)_. 1 414 414 414 + 4
464 414 Bon Ami (B) (24). 50* 444 444 444 + 4
28 244 Borden Co (1 60)... 6 244 244 244 + 4
431, 384 Borg-Wamer_ 9 43 424 43 +1
234 15 Bridgept Brss(60e_. 6 154 164 154 -4
591* 414 Briggs Mfg (t2)_ 8 424 424 424 +4
534 434 Briggs & Strat (!)_. 1 454 454 454 +4
53 2(4 Bklyn-Man Tr (4).. 1 294 294 294 +4
1024 76 Bklyn-Man T pf (6). 1 80 80 80 — 4
nr.. * fklyn* Queen.- 1 44 44 44 +4
254 164 Bucyrus-Erle .___ 6 164 164 164
144 84 Budd (EG) Mfg.___ 6 9 84 9 + 4
13 8 Budd Wheel(a20e)_ 1 84 84 84
354 254 Burr Add M (80c)_ 3 264 264 264 —4
114 7 Bush Terminal_ 2 74 74 74
454 244 Bush T Bldg pf(d)_. 10* 29 29 29 -1
184 134 Butler Bros (60c)_ 4 144 14 14 + 4
364 284 Butler pf (14)_ 2 294 294 294
94 44 Butte Cop A Z(a5c). 9 54 6 6
l3** f?ye^• (A M> - 1 214 214 214 - 4
34H 27 Byron Jmckson (tl>. 2 28 27% 27% — W
24 Callahan ^inc-Lead 7 3% 34 34+4
204 12 Calumet&Hecla (1) 12 124 124 124 + 4
374 26V* Campbell Wy (tl).. 1 27 27 27 —4
384 254 Canada Dry O Ala.. 3 264 264 264 + 4
174 12V* Canadian Paclflc... 17 12V* 124 124
94 7 Carriers* Gen<b5c) 6 84 84 84 +4
100 854 Caterpillar Tr (tl). 6 904 884 904 +14
404 264 Celanese (b75c)_ 21 38 374 37V* + 4
124 74 Central Foundry_ 2 74 74 74 + 4
414 274 Central RH of NJ_ 4 274 26 274 -14
864 60 Cerro de Pasco (4).. 12 624 62 62 —4
234 15 Certain-teed Prd... 2 154 164 164 + 4
904 774 Chesapeake Crp(S)_ 2 804 80 804 + v*
684 554 Ches & Ohio t2.80 .. 22 674 564 564 + 4
134 64 Chi & Est 111 pf (d). 2 10 94 94
4 24 Chi Grt West (d)... 1 24 24 24+4
18V* 12 Chi Grt West pf (d) 2 124 12V* 124 — 4
12 8 Chi Ind&Lpf (d).. 20« 11 104 104 -4
3Vi 2 Chi Mil St P&P (d). 1 24 24 24 +4
74 4% Chi M St P&P pf(d) 2 6 44 44 - 4
64 34 Chi & N W <d) _ 6 44 44 44
34 24 Chi R 1 & Pac (d) 6 24 24 24 +4
104 6** Chi RI&P 7 % pf cd) 1 64 64 64
135V* 1064 Chrysler Corp b3 4. 18 1094 1084 109 - 4
214 184 City Ice* Fuel <2>_ 4 194 194 194 + 4
92 834 City Ice & F pf 64. 10s 844 844 844
104 7 City Stores_ 3 74 74 74
40V* 324 Clark Equlp(tl.60). 3 36 36 36 —4
113 105 Clev El Illu pf 44 30s 1074 1074 1074
984 78 Cluett Peabody (3). 1 86 86 86 -1
1704 1224 Coca-Cola (t2)_ 2 161 151 151 +1
25V, 194 Colgate-P-P(t60c). 9 204 204 204
624 514 Collins & Alkn (t2). 1 63 63 63 —4
27V* 204 Colo & Southern 10s 22 22 22 +1
30 21V* Colo & South 1st pf. 10s 22 22 22
29 214 Colo & South 2d pf_. 10s 214 214 214
204 12 Columb G & El <40c) 41 124 124 124 —4
101 904 Col G* E pf (6)- 10s 894 894 894 —14
69V* 564 Cornel Credit (t4) — 7 60V* 60 60 —4
21V* 144 Cornel Sole (t60c)._ 6 15 144 144 — 1*
44 24 Comw & Southern.. 38 24 2 4 24 —4
754 50 Comw & Sou pf(3).. 2 624 624 524 +14
454 36V* Congoleum-Nrn(3)_ 1 374 374 374 + 4
18v* 114 Consol Cigar- 1 114 114 114
494 344 Cons Edls N T(t»)_ 13 354 364 364 -4
108 1034 Cons Ed N T pf(6)_ 1 103 103 103 —4
6v* 34 Cons Film.._—. 3 34 34 34
184 124 Cone Film pf <a2)„ 2 124 124 124
174 144 Cons Oil (80c)_ 13 15 144 144 + 4
14 4 Cona Textile (d)_ 10 4 4 4
134 8v* Cons Coal(Del)YtO- 1 11 11 11 + 4
524 33 Cona Coa) Del etc pf 30s 464 464 464 + 4
374 20% Container Corp 1.20. 9 31 81 31
37V* 22 Conti Baking (A)_ 6 23 224 224 —4
6V* 24 Conti Baking (B)_ 12 3 24 8 +4
694 50% Conti Can (3)_ 13 644 64 64
254 194 Conti Diamond (2). 3 204 20 20
42% 354 Conti Inaur <U.60)_ 2 364 864 364
34 2 Conti Motora__ 14 24 24 24
474 394 Conti Oil Del (tl)_ 6 414 414 414 + u
354 264 Conti Steel (bBOO- 1 28 28 28 +4
77 624 Corn Ex Bank (*).. 80s 644 64 64
714 544 Corn Prod Raf(tl). 6 664 664 664 +14
104 6 Coty Ine_ s 74 74 74-4
564 424 Crane Co.. - 2 454 464 464 +4
121 1134 Crane Co pf (7)_ 2 114 114 114 —4
37 294 Cream of Wheat (I). 1 814 814 814 +4
28V* 184 Crosley Radio al 4- 2 184 184 184 + 4
1004 704 Crown Cork *8(3). 9 734 78 78 -14
25V* 17 Crown Zaller(new).' 2 194 194 194 — 1*
814 61 Crucible Stas) _ 1 60 60 60 +4
135 116 Crucibe St pf bSV4._ 1117 117 117
174 9 Cuba R R pf -110s 94 94 94
144 84 Cuban-Am Sugar.— 8 84 84 84
20% 12 Curtis Publishing-. 2 124 124 124 + 4
8% 6% Curtlsa-Wright- >8 64 54, 64
234 164 Curtisa-W (A)a50a. 4 174 174 174 +4
24 19 Darega cum pf 14- 9 204 204 204 +4
1374 1044 Deere*Co _— 6 1274 126 126 -14
314 29 Deere * Co pf 1.40.. 2 274 274 274 —14
29 20 Delsel-Wem-G(tl). 4 204 20 204 — 4
104 64 Den * R G W pf (d). 2 64 64 64 -4
1464 1144 Detroit Edison <t4). 1 1144 1144 H44
30 204 Det * Mackinac pf . 10s 274 274 274 —24
364 284 Diamond Match (tl 4 29 284 284
29 204 Distil Corp Seag .. 12 214 21 21 +4
96 86 DlstCSpf ww (5).. 1 86% 86% 86%-%
51 384 Dome Mlnea <t2)._. 4 40 394 89% — 1*
774 474 Douglas Aircraft_ 12 50 494 494 — %
1804 1484 Du Pont (b76c)_ 8 164 1624 164 +1
17 11 Eastern Roll Hills.. * 11 10% 11 + %
176% 151 Eastman Kodak (8). 3 164% 164 164 +S
163 160 Eastman Rod pf<I). 70* 160 160 160 -2 .
29 21% El Paqp Nat O 1.60.. 4 22% 22% 22% — %
46% 34% Eleo Auto Lt t2.40_. 3 38% 37% 87% - %
16 9% Eleo Boat <a60e)2 9% 9% 9% + %
26% 16% Eleo Pow As Light_ 18 17% 17 17%+%
87 60 Eleo Pw * Lt $6 pf_ 1 60% 60% 60% + %
92% 68 Elec Pw * Lt *T pf_ 1 67% 67% 67% - %
2 1% Elk Horn Coal <d)._ 2 1% 1% 1%
9% 6 Equitable Office B_ 3 6% 6% 6% + %
36% 24 Erie R R 1st pf __ 1 26% 26% 26%
34% 24% Evans Prod (tl)_ 1 26% 26% 26%—%
6% 3% Exchange Buffet_ 1 8% 3% 3% — %
6% 3% Fairbanks Co .. .. 60a 8% 3% 3% — %
71% 60 Falrb'ks-Uorse (tl) 2 60 50 60
29% 19% Federal Lt A Trac . 20 19% 19%+%
11% 7 Federal Motor(40o). /\ 7% 7% 7% + %
Prev. 1937 Stock and Dalai— Net
■1th. Low. Dividend Rate. Add 00. High. Low. Oloae. ehie.
11% 6% Fad Screw Works.. 1 6% 6% 6% + %
6 8% Fed Water Svo A 8 8% 3% 3% — %
43% 33% Fad'd Dept Str(2)._ 8 33 32% 32% s-1%
45% 36 Fidel Phoenix 71.68. 2 37% 37% 37% + %
41% 32% Firestone TAR (2). 8 33VA 33 33%—%
62% 44 First Natl 8trst2% 2 44% 44% 44%
46% 30% FilntkoteCo (1)_ 1 32 32 32 + %
68% 46 Florence Stve b50o. 1 Si 51 51
9% 6% Follansbee Bros(d). 2 7 7 7
88 47% Food Machine <1)_ 1 60% 60% 60%+%
64% 42% Foster-Wheeler 1 42% 42% 42% — %
32% 24% Freeport Sulph (1). 3 25 25 26 + %
48% 26 Fuller Co 2d pf 60s 27 27 27
19% 12% Oar Wood Ind aS5o- 4 12% 12% 12% - %
16% 10% Oen Am Inv(a76c)_ 1 11 11 11 — %
19% 12% Oen Bakins (t(Oe).. 4 12% 12% 12%+%
14 8% Oen Bronse_ 8 8% 8% 8% — %
32% 22 Oen Cable_ 4 23% 23% 23%
52% 39 Oen Cigar (t4)_ 1 40% 40% 40%
64% 50 Oen Electric <b40e). 84 51 50% 60% + %
44% 86 Gen Foods <2)_ 6 39 38% 39 + %
3% 1% Gen Gas A Elect A). 1 1% 1% 1% + %
124 117 Gen Mills pf («) ... 10a 118 118 118
70% 64% Gen Motors <bl%)_. 65 55% 55 65 - %
122% 114% Gen Motors pf (6)._ 3 118% 118% 118%
15% 10 Oen Outdoor Adv_ 20 10% 9% 10% — %
60% 44 Gen Outdoor Adv A. 1 44 44 44
19 15% Gen Print Ink new . 2 16% 16% 16%
110 107 Gen Prnt Ink pf((). 10a 108% 108% 108% +1%
117% 110% Gen Ry Signal pf («) 20a 110% 110% 110%
6% 3 Gen Realty A Util . 8 3% 3% 3%
33% 22% Gen Thea Eq(b26c). 1 23% 23% 23%—%
20% 16% GllletteS Ras <tl>_ 6 15% 15% 15%+%
29% 20% Olmbel Bros . 6 21% 20% 21% + %
90% 83% Glnibel Bros pf(t).. 2 83% 83 83%
61% 41 Glldden Co (2)_ 11 44 43 44 +1
6% 4% Gobel (Adolf)_ 3 4% 4% 4%
8% 6% Goebel Brew<t20c). 2 6 6% 6 + %
115 110% Gold Stock Tel <6).. 20a 110% 110% 110% -3%
60% 81 Goodrich(BF) b50c. 12 40% 40% 40% + %
47% 27% Goodyear T A R bl_ 21 37% 37 37%+%
4% 8 Graham-Paige_ 8 3% 3% 3% + %
15 6%OranbyCons__ 2 8% 8% 8%
6% 8% Orand Union ctfs__ 4 3% 3% 3% + %
48% 83 OranlteCity Stl(l). 1 36% 36% 36% -rl%
55% 40% Ort Northern pf_ 27 54% 54% 54%
28% 19 OrtNorthnOre (1). 1 21 21 21 - %
42% 35 Ort West Sug 72.40. 3 35 35 35 - %
16% 12% Greyhound (tSOc).. 3 13% 13% 13% + %
11% 10% Greyhound pf (65c) 1 11 11 11 + %
4% 2% Guantanamo Sug_ 2 2% 2% 2% + %
69 40 Guantanamo pf_ 10a 41 41 41 -9
2OS 13% Hail W F Print _ 1 15% 16% 15%-%
31 25% Hamilton W (b65c). 2 26S 26% 26%
68% 43 Harb-Walker (tl) . 1 43% 43% 43%+ %
17% 12% Hat Corp of Am *0o. 3 13% 13% 13% - %
8 4 Hayea Body_ 2 4% 4% 4%
15% 12 HeckerProd <«0e)_. 10 12% 12 12 - %
43% 31% Holly Sugar (t>)_ 1 82% 32% 32%-%
431 336 Homeatake (til)— 530s 365 352 354 +7
27% 20% Houd-Her B (tl%). 3 21% 21% 21% - H
17% 12% Houaton Oil vto- 11 14% 14% 14%+%
80% 62% Howe Sound <tt)_ 4 73% 73 73
23% 15% Hudaon Motor_ 4 15% 15% 15%+%
4 3 Hupp Motor_ 10 3% 3 3% + %
ft % Hupp M rta May24 — 10 ft 1 32 ft
38 22% Illlnola Central_ 2 29% 29% 29% - %
47% 36% Indue Rayon (1)_ 2 41 40% 41 + %
131% 107% Inland Steel <t4)_ 9 105% 104% 104% -2%
H % Inland St rta June 4 302 41 % — %
33% 19 Inspiration Cop_ 10 20% 19% 20% — %
6 4% InsurSh Md (blOc). 15 6 6
13% 6% Inter RapTr vtc(d) 1 8 8 8 + %
111% 107% Interchemical pf (6) 20* 108% 108% 108% - %
28% 16% Interlake Iron_ 24 18% 17% 18 - %
9% 5 Inti Agricultural-.. 3 6% 6% 6%
111% 99% Inti Harveater(2%) 6 105% 105 105%
162 144% Inti Harv pf (7)_ 1 147 147 147
16% 8% Inti Hydro El A 6 10% 10% 10%-%
18% 11 Inti Mining <b30c). 4 11 10% 10%-%
73% 55% Inti Nickel (bl)_ 29 59% 68% 59 +%
24% 16% Inti Paper (A)_ 7 17% 17% 17%-%
9% 6% Inti Paper (C)_ 18 6% 6% 6% + %
121% 90% Inti Paper pf_ 31 99% 99 99 -1
49% 42% Inti Shoe (tj)_ 2 43 43 43 + %
15% 9% Inti Tel ft Tel_ 17 10% 10 10%+ %
36% 24% Interatat Dp St b2% 1 25 25 25 + %
87% 71 Jewel Tea (t4)_ 1 76 76 76 + %
155 126 Johna-Manv ttl)_ 3 127% 12/% 127% -r %
29 20 KanaClty South_ 1 22% 22% 22%+ %
23% 16% Kelaey-H A (al%)_ 4 16% 16% 16%
69% 51 Kenneoott (bSOc)... 14 54 53% 54 +1
20% 16% Keyatone SAW blOe 1 16 16 16 - %
71 47% Kinney pf (al) 10s 60% 60% 60%+ Vi
29% 23% Kresge (S S) bSOc - 2 23% 23% 23%-%
24% 21% Kroger Groo If 1.60) 2 21% 21% 21%
24 18% Lambert Co (2)_ 3 20 20 20
3% 1% Lehigh Valley Coal. 16 1% 1% 1%
18% 9% Lehigh Val Coal pf. 1 10 10 10
24% 17 Lehigh Valley RR. 1 18% 18% 18% - %
137 117% LehmanCorp (tl).. 1 119% 119% 119% +2
21% 16 Lehn ft Fink b62 %c 1 16 16 16
79 61% Llbbey-Ow-F b75c_ 1 67% 67% 67% +1%
15% 9% Libby McNftL(al). 1 12% 12% 12%+%
23% 21% Lily Tulip <tm>_ 2 22 22 22 +%
83% 69 Lima Locomotive.. 1 63% 63% 63%
84% 64% Loew'a Ino 4+2)_ 7 77% 76 77%+%
3% 2% Loft Ino_ 3 2% 2% 2% + %
75% 60% Lone Star Cmt b75c. 8 54% 53% 54%+ %
10% 6% Long-Bell Lumbi A) 1 7% 7% 7%
28% 21% Lorlllard P <tl.20). 9 22 21% 21%
28% 19% Lou Gas ft Elec (A). 1 19% 19% 19%
41% 29% Ludlum Steal Itl).. 2 31 30% 30%
24% 15% McCrory Stores_ 6 16% 16 16% + %
42% 32% McIntyre Porcu(2). 1 34% 34% 34%-%
42% 31% McKeeep't Tin Piste 6 34% 34 34 - %
16% 12% McKesson A Rob... 6 13% 13% 13% + %
47% 44% McKess A Rb pf (3). 1 45 45 45 + %
19 12% McLellanStrs b75c- 1 13% 13% 13%+%
62% 42% Mack Trucks <tl> - 8 45% 45% 45%-%
15% 11% Mad Sq Garden b95e 2 13 12% 12%
7% 6 Manatl Sugar (d)._ 2 4% 4% 4% — %
30 16 Manatl Sugpf (d).. 30e 17 16% 16%-%
16% 8% Man El tnd gtd (d)_. 4 9% 9% 9% - %
6% 3% Maracaibo Oil Exp.. 14 4 4
14% 10% Marine Mid It40c).. 2 10% 10% 10%
3% 2 Market StRy_ 300 • 2 2 2
89 24% Market St Ry pr pf. 20i 26 26 26 + %
51% 41 Marlin Rock <t2)_ 1 43 43 43 +%
30% 18% Marshall Field_ 10 24% 24% 24%
29% 24% Martin (Glenn)_ 3 25 24% 25
13% 7 Martin-Parry_ 9 7% 7% 7% + %
74 54% Masonite (tl)_ 2 55 55 55
15% 10 Maytag Co (a50c)._ 2 10 9% 10
86% 70% MelrllleShoe (t5).. 1 74% 74% 74%+%
16% 11% Mental Co_ 2 11% 11% 11%
72% 58 Meats Mach (bl%). 1 58% 58% 58%-%
26% 14% Miami Copper — 6 16 15% 16% - %
35% 27% Mld-Cont Pet (b50c) 8 28% 27% 28% + %
48% 86% Mldld Stl Prod(T2)_ 2 36% 36 36 - %
120 96 Mlnn-Hon Roa (X)_ 2 98 97% 97% +1%
16% 11 Minn Moline Pow_ 4 12% 12% 12V« + %
2% 1% M St PAS S Marie.. 1 1% 1% 1%
6% 8 M St PAS 8 M pf... 1 3% 3% 3%
84 25% Mission Corp <a46e) 8 26V* 26 26%+ %
9% 6% Mo Kans A Texas .. 8 7% 7% 7%
34% 24% Mo Kans A Tex pfA 1 28% 28% 28%-%
6% 8 Mo Paclflo (d)_ 1 4% 4% 4%
12% 7 Mo Pacific pf (d)... 8 8% 8% 8% - %
40% 28 Mohawk Carp(1.20) 1 30% 30% 30%+1
101 85 Monsanto Ch b75c._ 1 87% 87% 87%+%
69 48 Montg Ward (t2)._ 16 51% 50% 51% +1
3% % Mother Lode al2%c 48 1% 1 1% + %
38% 81% Motor Prod (+2)_ 1 31% 81% 31%
54 40 Mueller Brass (tl). 1 40% 40% 40% + H
20% 13 Murray Corp(a50c). 8 13% 13% 13% + %
71 68% Mvers (F E) (bl)_ 1 66% 66% 66% +3%
24% 17% Nash Kelv (1)_ 15 18% 18% 18%-%
24 18 Natl Acme (a7Se)._ 1 18% 18% 18%
33% 25% Natl Biscuit (1.60). 14 25% 25% 25%-%
33% 25% Natl Bond A In 1.44. 2 27 26% 27 + %
103% 96% Natl BndAI pfA(5). 1 96% 96% 96%
38% 29% Natl Cash Reg (1).. 2 31 31 31 - %
26% 22 Natl Dairy Prd 1.20 5 22% 22 22% + %
10% 6% Natl Dept Strspf... 130» 7% 7% 7% - %
35 27% Natl Dlstlllera(t2). 3 29% 29% 29% + %
18% 14% Nat’l Gypsum Co_ 11 15% 14% 15 - %
44 81% Natl Lead (t50o)_ 4 33% 33% 33%+%
14% 9 Natl Pw ALt (60c). 11 9% 9% 9% + %
94% 70 Natl Steel <t2%)_ 2 82 82 82 + %
109% 62 Natl Supply Co- 6 105% 105 105
13% 10% Natomas (t80c)- 8 10% 10% 10%+%
67% 45% Nelsner Bros <tl)_ 2 45% 45 45 -1
87 19 New Orl TAM (d)— 10e 22% 22% 22%—%
41% 28 Newport Ind(b60c). 5 32% 32% 32% - %
98% 78% NT Air Brake (al). 1 83 83 83 +2
65% 40 NT Central -- 46 45% 46 45
81% 26% N T City Omnibus.. 11 26% 26% 26%+%
12% 8 NT Dock- 20» 8% 8% 8% - %
25% 17 NT Dock pf_ 10« 18 18 18
2 1 N T Investors (d)-_ 11 1 1 — %
9% 6% NT NH A H (d)- 2 6% 6% 6% - %
26% 16% NT NH A H pf (d)_ 8 18% 18% 18% + %
6% 4% N T Ontario A W_ 1 4% 4% 4%
16% 9% N T Shipbuilding— 1 9% 9% 9% - %
102% 95 N T Steam pf <S)._ 10s 99% 99% 99%—%
114 102 Norf A W pf (4)_ lOt 106 106 106
17% 10% North Am Aviation. 9 10% 10% 10%
34% 22% North Am Co(bS0c). 28 23% 23% 23% — %
36% 27% Northern Paclflo_ 85 84% 33% 33%+%
6% 3% Norwalk Tire A R._ 2 4 4 4 - %
22% 17% Ohio Oil (b50c)_ 10 19% 19% 19%
45% 33% OtlaEle? <«0c)_ 7 37% 37 37% + %
24% 16 Otla Staal - 6 16% 16% 16% - %
96% 82% Owana-Ill Olaaa (3). 4 94% 94% 94% +2%
23 17% Paclfie Am Flab 1.20 1 17% 17% 17% + %
16% 9% Paclfie Coaat_ 30a 9% 9 9 - %
40 26% Paclfie Coaat lat pf. 20a 29 29 29 +1
27% 16% Pacifio Coaat Id_ 10a 17 17 17 -1%
38 28% Pao Gaa A Elec (2). 1 28% 28% 28%
53% 43% Pao Lighting (8)... 1 43% 43% 43%-%
29% 20% Pao Weat Oil(atEe). 2 28 23 28 +1%
12% 8% Packard Hot <bl6e) 80 9% 9 9% + %
4% 2% Panhandle PAR_ 2 8% 8 3 - %
120 60 Panhandle PAR pf- 80a 116 116 116 -%
28% 17% Paramount Pie- 146 20 18% 19% + %
26% 16% Paramnt 2d pf 40c.. 88 18% 17% 18% + %
8% 4 Park Utah..7 4% 4% 4% + %
44% 88 Parke DaTla (hi)... 2 89% 89% 89%+ %
29% 24% Parker Ruat <tl%). 2 26 26 25 + %
7% 4% Parmelea Trana_ 1 4% 4% 4% + %
10% 6% Pathe Film Corp- 15 6% 6% 6% + %
7% 3% Peerleaa Corp ... 2 6% 6% 6% + %
64 38% Penick A Ford (hi). 1 41% 41% 41%+%
12% 7 Penn Dixie Cement. 4 7% 7 7 - %
60% 89% Penn Railroad (a2). 14 43% 42% 43 +1
66% 44% Peoplea Gaa Chi_ 1 46 46 46
13% 9% Pfeiffer Brew bfOe.. 1 9% 9% 9% - %
14 |% Phlla Rap Trpf(d). 60a 8% 814 8% + %
8% Mk Phlla A Read C A I— > 1% 1% 1% + %
Prev 1937 Stock and 8a)e«— Net
High. Low. Dividend Rate. Add 00. Rich. Low. Oloie. chat.
84V* 70 Philip Morrls(bSVl) 2 74V* 73V* 74V* +2
69V* 49% Phillip* Petrol’m t2 5 63V* 53 63V* + V*
33% 28% Plllebury Flour 1.60 1 29% 29% 291k + %
18V* 101k Pittsburgh Coal_ 1 12 12 12
20 13% Pitts Screw&B bl6e. 5 15 15 16
122 931k Pitta Steel pf_ 10* 96 96 96 +1
8% 3Vk Pitta United-_ 3 4% 4V» 4%
291k 24V* Plymouth Oil (tl).. 4 26% 26 26% + %
21% 171k Pond Creek Poo 12). 1 17% 171k 171k
33% 22V* Poor* Co (B)_ 1 26% 25% 26% + V*
11% 6% Porto R Am Tob A.. 2 6% 6% 5%
3% 1% Porto R Am Tob B_. 1 2* 2 2
16% 8 Postal Tel&C pf(d). 18 8 8
31% 20 Pressed Steel Car... 3 21% 21% 21%-%
66% 66% Proctor 4kGarni12). 6 60% 60% 60%-%
62V* 40% Pub Svo N J (2.60).. 8 40% 40% 40%-%
112% 100% Pub Svo N J pf (6).. 1 101% 101% 101% - %
72% 66% Pullman Ino (1%).. 8 67% 57% 57% + V*
24% 17% Pure Oil.. . 25 18 17V* 17%
112V* 108 Pure Oil pf (8)_ 60* 109VI 109% 109V* - %
23V* 15V* Purity Bak (60c)... 5 16V* 16% 16V, + %
18% 18 Quaker State Ob45c 3 17% 17% 17%+%
12% 8% Radio Corp. _ 64 9 8% 8% - %
80 66% Radio pf A <3^4 )_ 4 66% 6R 66tf - %
10% 7% Radlo-Keith-Or (d). 9 8% 8 8% + %
4% 2% Reie (Robt).. _ 1 2% 2% 2% + %
29% 21 Rem-Rand (t«0c)._ 21 25% 24% 25%+ %
94% 80% Rem-R pf ww(4H). 1 82 82 82 -2
9% 6 Reo Motor Car__ 12 6 5% 6 + %
47% 27% Republio Steel_ 67 34% 33% 33%+ Vi
112 103 Reynolds M pf 5%.. 1 102% 102% 102%-1
34% 22% Reynolds Spr (tl)-. 1 22% 22% 22%
58 50 Reynolds Tob B (3). 26 49% 49% 49% — %
113 106% Safeway Str pf(6)._ 60e 109'% 109% 109% — %
113 110 Safeway Strs pf (7). 110s 110% 110% 110%
65 43% St Joseph L>d(b50c). 3 62 61% 62 + %
4% 3 St L-San Fran (d)_ 13 3 3
11% 6% St L-San Fr pf (d).. 2 7% 7% 7% — %
51% 41% Schenley Dlst(b75c) 5 42% 42 42 — %
98% 94 Schenley pf (5%)_ 1 94% 94% 94% — %
3% 1% Schulte R Strs (d).. 4 1% 1% 1% + %
2% 1 Vi Seaboard Air L (d). 12 1% 1% 1% — %
8% 6 Seaboard A L pf(d). 4 5% 5% 5%
95% 81 Sears Roebuck (>)-. 7 83% 83% 83% + %
34 26 Servel Ino (tl)_ 6 28% 28 28%+ %
42% 29 Sharon Steel (tl.20) 1 31 31 31 - %
120 95 Sharon Stl pf (5)_ 1 97 97 97 +2
14 9% Sharpe & Dohme_ 2 11 10% 10%+ %
17% 12% Shattuck F G (60c)_ 1 13% 13% 13%+ %
34% 25% Shell Un Oil (a25c)_ 2 29 28% 28%
105% 102 Shell Un Oil pf 6%„ 3 103% 102% 102% - %
17% 12% Silver King (b25c).. 1 13% 13% 13% + %
58 40 Simmons Co (b50c). 2 42% 42% 42% -r %
60% 42 Skelly Oil (b50c)_ 3 52% 52% 52% + %
197 85% Sloss-Sheffleld Stl - 10* 157 157 157 +2
40% 27% Smith A Cor ctfa(l) 1 32% 32% 32% +1
29% 21% Snider Pkg (bl% )__ 1 21% 21% 21%
20% 16% Socony-Vac (b25c)_ 83 18% 18 18% + %
6% 3% South Am G & P 30e 11 4 3% 3%
32% 22% So Cal Edison tl%„ 9 23% 23% 23%
65% 42% Southern Pacific__ 18 66% 56% 56% + %
43% 24 Southern Ry_— 14 37% 36% 36% + %
60% 45 Southern Ry pf__ 2 47% 47% 47% + %
9% 5% Sparks-Withlng__ 5 5% 5% 6%
31 20 Spear A Co (a50c)_ 1 20% 20% 20%+ %
23% 17 Sperry Corp vtc(al) 6 17% 17% 17%+ %
34% 28% Spicer Mfg (e3)_ 1 29% 29% 29%-1
28% 19% Spiegel, Inc (1)_ 8 20% 20% 20%
95% 88 Spiegel cum pf(4%) 20* 88 88 88
16% 12% Stand Brande(t80c) 48 12% 12% 12%
12% 8 Stand Com Tobac... 2 8 7% 7% — %
14% 7% Stand Gas A El (d). 11 7% 7% 7% + %
32% 17% Stand GAE $4 pf(d). 9 18% 18 18V* - %
50 41% Stand Oil Calif (tl). 6 43 42% 42% — Vi
50 43% Stand OH Ind <tl)_ 6 43% 43% 43%
76 63% Stand Oil N J (tl)._ 18 64% 64% 64%
48 34% Starrett L S(tl.40). 1 40 40 40
75 63% Sterling Prod t3.80_ 2 64 63% 64 + %
21 17% Stewart-Warn t50o. 3 18% 17% 18% + Vi
33% 20% Stone A Web(a25c). 8 20% 20% 20%
20 13% Studebaker Corp_ 6 14% 14% 14% + %
77% 67% Sun Oil (tl)_ 1 67 67 67 - %
61% 40% Superheater Co (1). 1 43 43 43
7% 4% Superior Oil _ _ 19 5% 4% 5% + %
39% 32% Sutherland P tl.60_ 1 35% 35% 35% -tl
28% 23% Swift A Co (tl.20).. 4 24 23% 24
23% 15% Symington ww blOc 2 17 16% 16% + %
154 10*4 Teun Corp (al5c)--. 2 124 124 124+ 4
654 504 Texas Corp (2) _ 22 594 584 594 -r 4
94 6*4 Texas Gulf Pr a6c-_ 9 7 7 7
44 354 Texas Gulf Sul <t2) 8 364 36 36 — 4
164 11*4 Tex Pac C&O bl0c__ 6 134 12*4 12*4— 4
Prev. 1037 Stock and Sales— Net
Hlah. Low. Dividend Rate. Add 00. Hlah. Low. Close, chae.
15% 10% TexasP L,T (alOc). 10 11 10% 11 + %
13% 9 Thermold Co- 2 9% 9% 9% + %
8% 4% Third Avenue- 1 4% 4% 4% .
10v4 5% Thompson Starrett. 3 5% 5% 5%--%
40% 22 Thompson Star pf.. 1 23 23 23 —2%
21% 16% Tide Wat As Oil 80o 6 17 16% 16%+%
97% 93 Tide Wat AO pf 4% 2 93 93 93
28% 21% Timken-Detroit(tl) 8 22% 22 22%+%
79 60% Timk'n-Roll Brg(3) 2 61% 61% 61%+%
17% 13% Transamerlca t40c_ 21 13% 13% 13% + %
22% 13% Trans Wst Air a25o. 2 14% 13% 13%-%
11% 8 Tri-Conti (a50c)_ 2 8% 8 8% + %
40% 33% 20th Cent Fox b50o_ 8 36% 36 36% + %
17% 9% Twin City R T_ 1 10% 10% 10%
64 3 Ulen & Co _ 5 3 2H 3
1004 764 Und-Ell Fish bl %_ 4 804 80 804 +4
111 95 Union Carb (3.20)_ 22 100 994 100 +1
284 234 Union Oil (Calif) 1.20 1 244 24 4 244 +4
148*4 1264 Union Pacific (6)._. 3 145 144 144
354 234 Utd Alrcraft(a50c). 11 24** 244 244
244 154 Utd Air Lines a20c_ 8 164 164 164 + 4
314 194 Utd Am Bosch_ 1 20 20 20 +4
84 44 Utd Corp <a20c)_ 25 5 44 5 +4
464 38 Utd Corp pf (3)- 27 41 404 41 + 4 1
16 124 United Drug (b25c). 3 124 124 124
264 184 Utd Dyewood (1)__ 2 22 214 22 +4
94 54 Utd Elec Coal__ 15 64 64 64
63 464 UtdEng&Fy (t2)_ 2 48 48 48
17 124 Utd Gas Imp (1)_ 21 13 124 124
244 16 U S & For’n Secur__ 2 164 164 164 + 4
344 174 U S Freight (tl)_ 6 174 174 174
137 1054 U S Gypsum <t2> — 3 1084 1084 1084 +14
434 324 U 8 Indus Alcohol.- 2 34 34 34
164 64 U S Leather vtc_ 1 94 94 94 + 4
224 134 U S Leather(A)vtc. 6 154 154 154 —4
72V* 524 U S Pipe & Fdry (3). 4 53 524 52V*— 4
194 10 US Realty & Imp_ 2 114 11 11 + 4
724 444 U S Rubber- 9 554 554 654 + V*
118 86 U S Rubber 1st pf._ 2 87 87 87 —4
105 82 U S Smelting (b4)_. 2 84 83 83 — V*
754 68 U S Smelt pf (3V4)_. 1 684 684 684 + V*
1264 75 US Steel- 46 964 95 95 —4
150 131 U S Steel pf (7)- 11314 1314 1314+4
136 121 U S Tobacco (t*)_ 1 120 120 120 —1
94 64 Unit Stk Yda (50c)_ 8 74 74 74 +4
84 44 Utd Stores (A)_ 14 44 44 44 —4
44 24 Util Pw&Lt (A)(d). 1 24 24 24 +4
24 14 Vadsco Salse Corp.. 3 14 14 14 — 4
394 26 Vanadium Corp_ 3 274 274 274 — 4
12»* 74 Va-Car Chemical_ 3 9 84 9 + 4
744 52 Va-Car Chem 6% pf 1 554 554 554 + 4
115 108 Va El & Pw of (6).. 20b 112 112 112 +1
124 64 V'a Iron Coal&Coke. 40s 74 74 74+ 4
98 70 Vulcan Detin (a8)_20s 78 754 78 +3
104 34 Wabash (d) _ 1 64 64 64 — 4
194 13 Waldorf Sys(tl.20). 4 134 134 134
494 424 Walker (H) (2)- 9 434 434 434
194 19 Walker (H) pf (1).. 1 194 194 194
18** 114 Walworth Co __ 1 144 144 144 + 4
10** 64 Ward Baking (B)— 2 64 6 64
18 114 Warner Bros Plot... 42 124 114 124 + 4
14 4 Warner-Qulnlan(d) 2 4 4 4+4
124 64 Warren Bros (d)_ 1 84 84 84
94 44 Webster Elsenlohr- 3 4s* 44 44 — 4
24 14 Weils Fargo- 10» 14 14 14—4
109 98 West Penn El pf (7). 30« 964 96** 96** —lv*
114 84 Western Maryland- 2 84 84 84—4
234 154 Western Md 2d pf_ 1 164 164 164 + 4
44 24 Western Pacific_ 2 3 24 24
114 74 Western Pacific pf.. — 2 74 74 74
834 544 VVestn Un Tsl (I)... 4 564 564 564 —4
574 414 Westlngh’se A B(l). 8 444 444 444 + 4
1674 130V* Westhse Elec (b2)_. 3 134V* 134 1344 + 4
65 38 Wheeling Steel 2 454 45 45V* +1V*
234 23 WhitelS S) Dental- 4 234 23 23
334 214 White Motor_ 5 23 224 224
184 144 White Rk M S(1.40) 1 144 144 144 -4
464 274 White Sew Mch pf.. 8 314 30V* 314 — 4
64 44 Wilcox Oil & Gas.— 1 44 44 44 + 4
12V* 84 Wilson & Co (50c)_ 3 9 84 9
654 46V* Woolworth (2.40)... 12 474 47 47 — 4
47 324 Worthington Pump. 2 354 344 354 +14
76 684 Wrigley W Jr (t3)_ 1 70 70 70
374 204 Yellow Tr & Coach.. 81 22 214 22 +4
1014 754 Ygstn S&T (b75c)_ 6 844 834 84 +11*
404 31 Zenith Radio (bl >_ 1 35 35 35
| Total Sales for ths Day 340.000
l Dividend rates as given in the above table are the annual cash
payments based on the iatest quarterly or half-yearly declarations
s Unit of trading less than 100 shares. > Annual rate_
not including extras, a Paid last year b Paid this year
j d Companies repoited In receivership or being reorganised'
I x Ex dividend.
NEW YORK COTTON
By the Associated Press.
NEW YORK, May 15 —Cotton fu
tures opened very steady, 8 to 12
higher on foreign buying and week
end covering with offers small. July,
12.77; October, 12.58; December, 12.56;
January, 12.56; March, 12.60.
With the English and continental
markets closed, trading tapered off to
small proportions after the opening
call. With offerings restricted the
market displayed a steady undertone.
Shortly after the first half hour
prices sold at net gains of 1* to 15
points with October advancing from
12.57 to 12.63.
Part of the buying was credited to
a belief the decline had gone far
enough and a technical rally was due.,
Texas advices reported heavier boll
weevil emergence. Cotton plantings
In that State was said to have made
fair progress in the past week and
with ample moisture in the North
west planting was expected to get
Into full swing next week.
Requests for release of but 70 bales
of loan cotton stocks reported by the
Commodity Credit Corp. during the
past week was said to be causing the
agency to consider changes in re
lease terms or suspension of the dis
posal program. Light scattered show
ers were reported along the Atlantic
Coast.
Futures closed steady. 8 to 14 higher.
. , High. Low. Last.
July-12.84 12.76 12.78-77
October ,- 12.84 12.57 12.58-59
December _ 12.62 12.56 12.56
January _12.63 12.56 12.68
March - 12.65 12.60 12.63-64
Spot steady; middling. 13.26.
Cottonseed OU.
Bleachable cottonseed oil futures
closed steady, 3 to 5 higher. Sales, 174
contracts, Including 12 switches. May,
9.70-9.72; July, 9.84b; September,
9.91-9.94; October, 9.84b; December,
9.74b.
b—Bid.
DIVIDENDS ANNOUNCED
NEW YORK. May IS.—Dividends de
clared (prepared by the Standard Sta
tistics Corp.):
Extra.
Pe- Stic, of Pay
Rate. rlod. record, able.
Masonite Corp_ 50c 5-25 6-10
Natl Standard_ . 10c __ 6-15 7-1
Regular.
Cen Ilf L 4Va7o Pf $1.12',-4 Q 6-10 7-1
Chestnut Hill RR 75c Q 5-20 6-4
Compo Shoe Mach vtc_25c Q 6-5 6-15
Finance Co of Am A 15c Q 6-10 6-30
Do B- __ __ 15c Q 6-10 6-30
Do 7% pf ($25)__4.334C <3 6-10 6-30
Do 7% Pf (#5)_8%c <3 6-10 6-30
Glen Falls Insur_40c <3 6-16 7-1
Gt Western Electro
Chem 6% pf _ 30c Q 6-10 7-1
Hein-Werner Mot Pts 15c Q 6-15 6-25
Muncie Wat Wk 8% pf #2 Q 6-1 6-15
National Oats Co _._26c._ 6-22 6-1
Ohio Edi *7.20 pf..$1.80 <3 6-15 7-1
Do pf .._*1.76 <3 6-15 7-1
Do *6.60 pf_#1.65 Q 6-15 7-1
Do #6 pf_#1.50 <3 6-16 7-1
Do #5 pf . ... #1.25 Q 6-15 7-1
Savannah Gas 7% pf 43% Q 5-20 6-1
South Shore Util
Asso $1.50 pf 37%c Q 5-15 6-1
United Tel Co (Kans)
7% Pf _ —$1.76 <3 6-25 6-30
West Coast Life Insur
(San Fran) __ 50c A 6-10 7-1
Am Rad & Stan San 15c Q 5-28 6-30
Amer Rad & Sta pf $1.75 .. 5-26 6-1
Bayuk Ctgars __18%c — 5-31 6-15
Buff Nias Si Estn
1st pf $1.25 _. 7-15 8-2
Buff Niae & Estn pf_40c .. 6-15 7-1
Jaeger Machine_25c 6-20 6-1
Masonite Corp_25c Q 6-25 6-10
Mission Corp _$1 6-1 6-15
Natl Standard _40c Q 6-16 7-1
Selected Amer Shra-20c __ 6-29 6-8
Frank G Shattuck_16c __ 6-1 6-21
U. S. TREASURY POSITION.
By the Asioclated Press.
The position of the Treasury May 13:
Receipts, $10,318,046.73: expendiuures,
I'll 9.205,076.33; balance. $1,747,033,
;l 9.04 - customs receipts for the month.
20,046,960.02..
of expenditures." $2.*281,316.635.68: cross
debt. $35,090,361,300.05. an Increase of
$114,705.04 over the previous day; cold
assets, $11,885,667,757.33, lncludlnc
$654,359,514.12 of Inactive cold.
U. S. TREASURY NOTES.
(Reported by Oha*. D. Barney & Co.)
Rate—Maturity. Bid. Offer.
■d'/t Sept. 15. 37— 101 1-32 101 3-32
2% Reb. 1. ’38— 101 14-32 101 16-32
3 Mar 15. ’38._ 102 2-32 102 4-32
2% June 15. '38— 102 12-32 102 14-32
Z'k Sept. 15. '38— 102 4-32 102 6-32
l'/a Mar. 15. '39 — 100 20-32 100 22-32
2V. June 15. '39— 101 29-32 10131-32
l*fc Dec. 15. '39— 100 12-32 100 14-32
IV, Mar. 15. '40— 100 22-32 100 24-32
IV, June 15. '40— 100 8-32 100 10-32
1V, Dec. 15. ’40— 100 100 2-32
1V» Mar. 16. '41— 99 28<32 99 30-32
1H June 15. '41._ 99 13*32 99 15-32
iy« Dec. 15. '41— 98 22^32 98 24-32
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS
NEW YORK. May 15.—The follow- |
ing is today's summary of corporation
news, prepared by Standard Statistics :
00, Inc., New York:
Newport Industries, Inc.—March
quarter common share earnings were
79 cents, against 13 cents.
Continental-Diamond Fibre Co —
March quarter common share earn
ings were 40 cents, against 10 cents.
Peerless Corp.—Net income, six
months ended March 31, was *224,165,
equal to 29 cents a common share,
against deficit of *13,352.
Ward Baking Corp.—Declared a
dividend of *1 on account of accumu
lated dividends on the 7 per oent pre
ferred stock, payable July 1. On April
1, 1937, a disbursement of *1.75 a
share was made on the preferred.
Giving effect on current dividend, ar
rears aggregated $19 a share as of
July 1, 1937. It was stated smaller
profit margins have reduced earnings
for current year to date.
Hercules Motors Corp. — March
quarter common share earnings were
57 cents, against 36 cents.
International Harvester Oo.—Presi
dent said billings in first fiscal half
were 30 per cent greater than in the
like period of the preceding fiscal year.
He stated further that the outlook
far company’s truck business is very
encouraging, with further expansion
indicated.
National Pump6 Corp. — March
quarter common share earnings before
Federal taxes were 48 cents, against 18
cents.
Reed Roller Bit Co.—March quarter
common share earnings before Fed
eral taxes were 65 cents, against 69
cents.
Heel* Mining Oo.—March quarter
common share earnings, including
$196,535 income tax credit, were 52
cents, against 18 cents, before Federal
taxes, in like 1936 period.
Greyhound Carp.—March quarter
common share earnings were 11 cents,
against 6 cents.
Pacific Can Co.—March quarter
deficit was $51,569, against deficit of
$17,224.
Sterling Products, Inc.—Company
acquired at cost of about $7,300,000 all
of the assets, properties, trade marks,
business, etc., of the American Fer
ment Co., Drew Pharma cal Co. and
the Cellasin Co., all of Buffalo. Of
the purchase price, 25 per cent was
payable in cash and the remaining
amount within three years.
United States Freight Co.—March
quarter deficit was $89,108, against net
income of $88,212.
Wilcox, H. F., Oil & Gas Co.—March
quarter common share earnings were
10 cents, against 8 cents.
Alton R. R,—Deficit, four months
ended April 3% was $70,984, against
deficit of $561,452.
Pennsylvania R. R.—President said
earnings surplus of company in first
four months was around $7,000,000.
Atlantic, Oulf <te West Indies Steam
ship Lines—March quarter common
share earnings were $193, against
$1.70.
McKeesport Tin Plate Co.—Presi
dent stated that both the tin plate
division and can division are operating
at capacity and that tin plate is sold
well ahead with every indication that
It will be necessary to continue capac
ity operations. Earnings of the com
bined companies for the period Janu
ary 1, 1937, to March 16, 1937, showed
a substantial Increase over same 1936
period, he said.
Holly Sugar Oorp.—Common share
earnings, year ended March 31, were
$5.42, against $5.02.
A. P. W. Paper Co., Inc.—Deficit
nine months ended March 31 was
$2,788, against deficit of $45,345.
Consolidated Edison Co. of New
York, Inc.—Company acquired 80,498
additional shares of New York Steam
common stock fnJ^Aprll 16 to May 10.
INVESTING COMPANIES
NEW YORK. May 16 —New York
Security Dealers' Association:
_. . Bid. Asked.
Admin Fd 2nd Inc_IT.80 lfi mi
Am Business Shrs_ 1 14 i °o
Am Gen Eq Inc _ 1 08 1 20
Am Ins Stocks_ _ _ 6 26 ti on
Bancamer Blair __ o.sts 10875
Bankers Nat Inv Corp_ 3 6"5 4 "5
Basic Industry __ 4 97
Broad St. Inv _ _ 33.81 30 10'
Bullock Fund _ _20 50 22 25
Corporate Trust _ _ "'90 _ ~ ^
Corporate Trust AA " 75
Corn Tr A A mod _354
Corp T'r Accum Ser_ 2 75
Corp Tr Acr Mod 3 .54
Cumulative Tr Sh , 0 18 _
Denos Bk Sh N Y 'A'* 2.31
Depos Ins Shrs "A" _ .3 "0
Denos Ins Shrs "B" _ 3 07
Diversified Tr C 4 90
Dividend Shrs _ _ 1 80 " ni
Equity Corn S3 pf _ 38,oo 4T 00
Fidelity Fund Inc_ "5 94 "794
First Boston Corn_32 ho 33 50
Fix'-'d Trust Sh A_ 1"81
Fixed Trust Sh B_10 0.5
Found Tr Sh A _ 4.76 5 m
Fund Investors Inc _ _ 2.3°4 5°
Fund Tr Shrs A _IIH" 6 05 V
Fund Tr Shrs B I 555
Gen Investors Tr . _ 0.00 7 18'
Group Sec Agriculture_ 1 84 3'99
Group Sec Automobile_ 1.3K iVn
Group Sec Building _ 2 01 «'ir
Group Sec Chemical _ 3.54 167
Group Sec Food 96 i 05
Group Sec Invest Shrs_ 3.59 3 73
Group Sec Merchandie_ 3 36 3'49
Group Sec Mining _ 1.60 3 74
Group Sec Petroleum_ 3.43 1 56
Group Sec R R Equip_3.4S 1 61
Group Sec Steel _ 1 89 o’JJ*
Group Sec Tobacco _ 3 04 T 14
Huron Holding _ _ 79 1 08
Incorp Investors _I_~ 24.14
inst! ®ank Group . II ~1 74 l SR
Instl Sec Insurance 1 54 1 66
Investors Fd “C” Inc __ 14>7 15 RQ
Keystone Cust Fund B-3 21 41 23 43
Major Shrs Corp_ _ 3 00
Maryland Fund_1111 95] 10 4«>’
Mass Invest Tr_27 °0 -'R hr
Mutual Invest _~ 15 41 16 R5
Nation Wide Sec _I 4 *7 4 37
Nation Wide Voting_ 3.95 2 11
Natl Investors 6 93 7 17
NeY^kKla-A-d8hr"d--:::: 19:18
V v e,t0Ci?S' S,ocks -- 11.07 11.96
M \ S'ocks' Supply., 11.15 12.04
S v siock,s Elec Equip., 11.57 12.40
N Y Stocks. Insurance . io.it 1099
N ■ Stocks. Machinery _ 12 64 13 65
N V Wt00^5' % R, Equip _ 13.85 14.95
N Y Stocks Steel 13 9.5 15 06
North Am Bond Tr ctfs 59.00 63 26
Nor Am Tr Shares _ 2 67
Nor Am Tr Sh 19.65_ 3 39
Nor Am Tr Sh 1956 I ” 3 .33
Nor Am Tr Sh 1958 _ 313
Plymouth Fund Inc _ _ 86 97'
Quarterly Income Sh_1711 1874
Selected Am Sh Inc_ 14 25 15 54
SDencer Trask Fund_20 47 21 "in
Stand Am Tr Shrs_ 3 95 ~4 "n
Stand Util Inc __ 78 84
Super of Am Tr A...I, 3 9.5
Super of Am Tr AA " 67 -
Super of Am Tr B 4 1" -
Super of Am Tr BB__I_ " 67
Super of Am Tr C " 7 64
Super of Am Tr D_ 7 64 -
Supervised Shrs _ 13 87 15 08
Trustee 8tand Inv C __ 3 00
Trustee Stand Inv D _ 2 04
Trusteed Am B ' B" I", 88 ' os
Trosfeed Industry Shrs_ 1.44 1,69
Wellington Fund _ 19.13 20 98
NEW YORK BANK STOCKS
Se® Y°rk
Bk of Man (l'i)_ a’”*,
Bankers’ Tr (2) _ figiZ
Cen Han Bk <& Tr (4)_125 128
Chase Nat (1.40) ___ so gS
Chem Bk & Tr (1.80)_ 84>i OfiVi
Commercial (8) _ 105 201”
Cont Bk & Tr (.80)_” 1? igit
Corn Ex Bk & T (3)_ 6.33.: 043’
Empire Tr (1) „ ,30 3?
First Nat (Bos) (2)__I 61 53
First Natl (100) _ 2145 "185
Guaranty Tr (12) " 321 Ter?
Irvin* Tr (.80) 1514 33g%
Manufacturers’ Tr (2) ... 5254 il
t t
Property
Management
Automobile
Insurance
jSSii
Mortgage
Loans
Fire
Insurance
APARTMENT
AND HOUSE
MANAGEMENT
You’ll find many advantages In let
ting our Property Management De
partment manage your apartment
house and residential properties.
The fee for the service 1s very rea
sonable.
B. F. SAUL CO.
REAL ESTATE
925 15th St. N.W. *ePh/rSShnsQuar, National 2100
STOCKS EDGE UP •
AT WEEK’S CLOSE
Selected Rails, Industrials
Improve, but Others Drift
Aimlessly.
Stock Averages
30 15 15 60
Indus. Ralls. Util. Stas
Net change- +.2 +.1 Unc. +.2
Today, close 89.6 44.7 41.7 66.3
Prev. day.. 89.4 44 6 41.7 68.1
Month ago. 94.5 45.7 45 8 70.0
Year ago... 81.8 34.0 45.6 60.8
1937 high..101.6 49.5 54.0 75.3
1937 low... 88,5 37.8 41.4 65 4
1936 high.. 99.3 43.5 53.7 72.8
1936 low... 73.4 30.2 43.4 55.7
1932 low ... 17.5 8.7 23.9 16 9
1929 high ..146 9 153 9 184 3 157.7
1927 low ... 51.6 95.3 61.8 61.8
(Compiled by the Associated Press.)
BY VICTOR EUBANK.
Associated Press Financial Editor.
NEW YORK, May 15.—It was fair
weather for selected rails and indus
trials in today’s stock market, but
other categories shifted aimlessly in
a fog.
Dealings, almost as listless as last
Saturday when the volume was the
smallest since June 6, a year ago,
found favored issues up fractions to
a point or so.
On the other hand steels, motors
and utilities were generallly unsuc
cessful in climbing out of a rut, and
moderate minus marks were well dis
tributed at the close.
Most traders, only mildly cheered
by constructive business news and
the truce in the Jones & Laughlin
and General Motors labor controver
sies, inclined to step lightly in view of
possible developments over the week
end.
Transfers were around 350,000
shares.
Bonds were quiet but, on the whole,
a trifle improved. Commodities, es
peciallly grain and cotton futures, did
better.
Stocks pointing higher during the
greater part of proceedings—Some
fell back in the final few minutes—
Included Santa Fe, Southern Railway,
Northern Pacific, Southern Pacific,
Union Pacific, Pennsylvania, Great
Northern, Celanese, Loew’s Para
mount, Warner Bros., Eastman Kodak,
Otis Elevator, Union Carbide, Corn
Products, Owens-Illinois, Kennecott,
Anaconda, Texas Corp., Barnsdall,
American Can, American Steel Found
ries, Republic Steel, Youngstown
Sheet & Tube, Montgomery Ward,
Caterpillar Tractor and American
Water Works. Homestake Mining ad
vanced sharply.
In a restricted area to down mor*
than a point were U. S. Steel, Beth
lehem, Inland Steel, General Motors,
Chrysler, Goodyear, Goodrich, Wool
worth, Sears Roebuck, Douglas Air
craft, Deere, American Tobaccc
"B,” Reynolds Tobacco "B,” Allied
Chemical, Standard Oil of New Jersey,
American Telephone, Western Union,
Consolidated Edison, Electric Powei
& Light, American Smelting and Cerrc
de Pasco.
INSURANCE STOCKS
NEW YORK. May 15 dP>.—New York
Security Dealers' Association.
Bid. Asked
Aetna Cas (2a'_ 934 974
Aetna Ins (1 80) _ 42 44
Aetna Life (,80a) ___ 274 2!>‘<
Am Equit (1.80a)_ 38'« 41',
Am Reins (.40g> _ 41'. 434
Am Reserve (In)_ 204 2S4
Am Surety (24) __ 50 62
Automobile ilal _ 29 304
Balt Ame (.20a) -_ 74 84
Carolina (1.30) _ 234 254
City of N Y (1.20) _ 25 20',
Conn Gen Lif (.80)_ 354 37
Contin Cas (1.20)__ 254 274
Fid & Dep (4) _ . 1214 128
Frank Fire (la) _ 294 314
Gen Reinsur (2> _ 414 434
Glen Falls (1.00) _ 414 43 4
Globe & Rep ( 80)_ 194 214
Globe & Rut _ 59 021!
Great Amer (la) ______ 24 25'i
Hanover il.K0> __ 314 334
Hartford Fire (2) _ 65), 07U
Home Fire Sec_ 4 51J
Home Ins (fa) _ 324 344
Homestead (1) __ _ I84 18
Knickerbocker (.80) _ 104 184
Lincoln Fire ___ 34 44
Maryland Cas _ 8 7
Mass Bond (34) _ S«4 81'4
Natl Fire (2) _ 593, 6iiJ
! Natl Liberty C.20a' _ 84 94
N Hampshire (1.60) _ 453, 4712
N Y Fire (,80a)_ 193$ «3
Nor River (1) _ 244 "535
Phoenix (2a> _ __ 834 874
Prov Wash (1) _ 331. 351?
Revere (P) In (1.30)_ 234 254
Rossia Ins (.00a)_ 104 113,;
St Paul Fire (0) _ rt()2 0A7 4
Springfield 4 4a) _118 Toi
Sun Life (33,41 - 040 090
Travelers (10) _468 408
U S Fire (2) _ _ 494 hjm
Westchester (1.20a) _ 32Vi 3414
a—Also extra or extras.
*—Declared or paid so far thii year.
--•
FEDERAL LAND BANKS
NEW YORK, May 15 dP).—Federal Land
Bank bonds
,, _. „ „ Bid. Asked,
44s Nov.. 1958-38_ 1034 1044
44s May. 1957-37_1014 102
4s May. 1958-38_102S 1034
4s Nov.. 1957-37_1014 1014
4s July. 1948-44_109 1094
34» May. 1955-45_ 102 1024
3s July, 1955-45_ 1004 1004
3s Jan . 1958-40_ 1004 lOO3,
3s May. 1950-48- 100 4 1004
FOREIGN EXCHANGES.
NEW YORK May 15 dPI —Foreign ex.
change steadv: Great Britain In dollars,
others in cents. Great Britain, demand,
14.944: cables. 4.943,: 80-day bills. 4.93'„
France, demand. 4.483,; cabies. 4 483fc
] Italy, demand 5.284: cables. 5 20V,
Demands—Belgium, 18.85; Germany,
free, 40.18: registered. 19.00: travel,
23.80: Holland. 54.94. Norway. 24.83:
Sweden. 25.48: Denmark. 22.07: Finland,
2.19; Switzerland. 22.87; Spain, unquoted;
Portugal. 4.50; Greece. .91; Poland. 19.00;
Czechoslovakia. 3.49: Yugoslavia. 2 34|
Austria. i8.75n: Hungary, 19.80: Rumania,
.75: Argentina. 32.94n; Brazil. 8.804nl
Tokio. 28.82; Shanghai. 29 93: Hongkong,
30.73: Mexico City. 27.85: Montreal in
New York. 100.17A; New York In Mon*
treal. 99.8211. n—Nominal.
RUBBER FUTURES.
NEW YORK, May 15 (4b.—Crude rubbel
futures closed Irregular, unchanged to 4
lower; sales. No. 1 standard. 4T contracts!
July. 21.no: September. 21.10a21.11; Octo«
ber. 21.12n; December. 21.15. Smoked
ribbed, spot. 20.88n. n—Nominal.