'
Brookmire Service Stresses
Sharp Recent Gains in
D. C. Trade.
BY EDWARD C. STONE.
General business conditions In
Washington, Maryland and Virginia
for the next six months should be
"good," according to a survey jifct
completed by Brookmire, relating par
ticularly to sales prospects and the
credit outlook.
The Brookmire service calls especial
attention to the recent gain here of
13 per cent in bank debits, compared
with the like period in 1936, to an
Increase of 14 per cent in retail trade
and a jump of 43 per cent in building
activity.
Turning to a group of Eastern
States which includes Maryland and
West Virginia, the forecast presents
an estimate that consumers’ incomes
In the next six months will be 18
per cent ahead of the like period
last year. Incomes from manufactur
ing in April rose to the highest level
since 1929, but such incomes will
probably stabilize for some months
around current levels, the survey says,
adding that this will probably reduce
percentage gains over last year.
Prospects in Nparby Areas.
Referring further to Maryland and
adjoining States, the forecast says that
farmers' incomes in April were 18
per cent above last year, but these
gains will probably narrow in the
remainder of the year. April build
ing volume widened, as did output of
electricity. A good level of business
is in prospect, though gains should
narrow for some months.
Looking at Virginia and the Caro
linas and other Southern States, the
survey says that consumer income in
the next six months is estimated at
19 per cent better than a year ago.
Farm income is estimated to reveal a
better gain than that from other
sources. Cotton acreage is larger in
most States, with crop conditions
good. Farm income in March was 81
per cent above last year. “Trade
volume is now good, with the out
look improving," the forecast con
cludes.
In Maryland in April, the report
says, bank debits were up 16 per cent,
life insurance sales 23 per cent, elec
tricity production 2 per cent, building
27, pay rolls 25. passenger auto regis
trations dropped 12 per cent and
trucks 8, farm income was up 47 per
cent, gasoline consumption 17, cement !
shipments 50, while there was a 22 !
per cent decrease in business fail
ures.
Virginia Debits Soar.
Virginia oaniv aeons in April were
up 19 per cent, life insurance sales 9,
electricity production 20, building 37,
cotton spinning hours 9, pay rolls, 25,
passenger car registrations 7 and
trucks 3. farm income 45, gasoline
consumption 32, cement shipments 20
end business failures 30 per cent
higher than a year ago, the survey
announces, the conclusion being
reached that a "stabilizing tendency
is likely to prevail in consumer income
over the next several months” and
that "satisfactory trade outlets should
be found in all sections of the coun
try.”
Corporate earnings, which have al
ready established notable gains, can
be expected to record further substan
tial progress, and basic economic con
ditions indicate that business expan
sion will follow a temporary Summer !
low, according to Brookmire, despite i
recent, wage costs, as the use of more j
efficient machinery, now being bought (
in record amounts, and increasing !
busines activity both tend to reduce
unit costs.
Hamilton Votes Dividend.
Directors of the Hamilton National
Bank, meeting yesterday, declared a
dividend of 50 cents per share on the
outstanding stock, payable August 2,
to stockholders of record on July 23.
The board also authorized a transfer
of $25,000 to surplus.
Sidney F. Taliaferro, trust officer
of the Riggs National Bank, will ap
pear on the program at the joint an
nual convention of the Virginia and
West Virginia State Bankers’ Associa- '
tions, at White Sulphur Springs, later
this month. According to the pro
gram he will conduct a round table dis
cussion on trust matters. The con-i
vention dates are June 24, 25 and 26.
Joshua Evans jr„ vice president of
the Hamilton National Bank, is plan
ning to attend the same convention
and it is anticipated that several other
Washington bankers will be present.
It is the first joint meeting the two
State associations have planned. Some
800 financiers and guests are expected.
Crowley Reports Bank Merger.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp. an
nounced today that the Farmers &
Mechanics’ Trust Co., Cape Charles,
Va., with deposits of $1,261,400, has
been taken over by the Northampton
County Trust Co, at Cape Charles.
Tire merger is in line with other merg
ers arranged by the Federal authori
ties without any loss to depositors,
five such consolidations being com
pleted during the past month in the
insurance corporation's campaign to
eliminate unnecessary or uneconomic
banks.
Numerous visitors’ attractions of the
Nation's Capital have been publicized
In a 52-page tour book issued by the
Aetna Casualty & Surety Co. of Hart
ford, Conn. Distribution of this book,
"Aetna Pleasure Trails.” is expected
to reach a Nation-wide total of 100,000
copies during 1937 and bring to the
attention of thousands of people the
many points of interest in this
Vicinity.
Heavy Trading on Exchange.
The heaviest trading in weeks was
recorded on the Washington Stock
Exchange today. The market opened
With City & Suburban 5s selling at 78.
Potomac Electric Power 6 per cent
preferred moved at 111, Railway &
Electric preferred at 1101* and 11012.
Fifty shares of Security Storage sold
at 120, Lincoln Service preferred at
47!2 and 120 shares of Capital Transit
at 10?;.
Riggs National Bank common came
out at 320, Mergenthaler Linotype at
46?4. National Capital Bank stock at
145 and Washington Gas Light at 77.
Lanston moved at 90. Washington
Gas 5s sold at 1161 s and 1151 a.
Smith Opens Convention.
Tom K. Smith, president of the
American Bankers’ Association, ad
dressed the opening session of the
American Institute of Banking, which
is being attended by a large Washing
ton delegation. The strike continues
at the headquarters hotel, but all
program sessions have been held
so far.
With no elevator service many dele
gates have had to climb 10 stories
to their rooms. For several hours
yesterday lights were also turned off,
candles being called into use. Since
all the other hotels are jammed, the
guests could not leave the Lowry,
» case of live there or on the street*.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
All New York markets art now an daylight savin* tima.
Prev 1937 Stock and Sales— Net
High. Low Dividend Rata. Add 00. High. Low. Close, chge.
844 634 Acme Steel (4)_ 2 75 74 74 +4
224 16 Adams Express b30t 2 17 17 17+4
804 674 Air died uctlon (tl). 13 714 704 704 -4
54 24 Air-Way Electric... 1 24 24 24
154 114 Alaska Jun (t6Uc)_. 4 124 124- 124 + 4
64 2*, Alleghany Corp 23 34 3 34 + 4
594 434 Alleg pf ww $30..r_ 5 4fi 44 44 —4
454 314 Alleg Steel (b80c)_. 2 35 344 344 — 4
274 19 Allen Indus tl)_ 1 19 19 19
2584 218 Allied Chem (6)_ 2 228 228 228
33 4 214 Allied Mills (b2)_ 1 224 224 224 - 4
A A Allied Mills (b2)rts. 81 A A A
214 15 Allied Stores <b2(!c) 9 18 174 174
834 57 Allis-Chalm (bl)... 16 624 614 614 — 4
414 214 Am Bank Note (tl) a 2 23 224 224 — 4
80** 674 Am Brake Sh <T2).. 3 634 634 634 + 4
121 954 Am Can (tt). . ... 5 97 97 97
71 604 Am Car&Fy (b25c) 3 554 55 55 -1
32", 304 Am Chain & C buOc. x 28 32 31 31 - 4
23", 134 Am Colortype _ 1 164 164 164 — 4
3»4 224 Am Cornel A1 a60c._ 2 234 23 23 — 4
33-4 254 Am Crys Sug b2%_ 3 284 284 284 + 4
994 924 Am Crya S 1st pf «.. 30s 92 92 92 -1
134 84 Am Encaustic 3 84 84 84
13** 74 Am & Foreign Pwr.. 6 74 74 74 — 4
684 45 Am & For Pw $7 pf_ 2 494 494 494 + 4
114 64 Am Hide & Leather. 4 74 74 74
524 42 Am Home Pr(t2.40). 1 44 44 44 + 4
44 24 Am Ice- 1 34 34 34 - V,
274 174 Am Ice pf (2)_ 1 23.4 234 234 + 4
174 13t, Am Intern tl (a40c)_ 1 134 134 134 + 4
584 • 424 Am Locomotive_ 12 47 46 464 — 4
294 204 Am Mach & F (tl).. 6 204 20 204 —4
134 9 Am Mach & Met 60c x 10 9 84 84 — 4
684 454 Am Metals (b25c).. 3 504 504 504 — 4
75 62 Am News (N Y) (3) 20s 624 624 624 —4
164 8', Am Power & Light.. 16 84 84 84
724 43=4 Am Pw & Lt pf (5)_. 5 48 474 474 —14
294 204 Am Radiator t60c._ 37 214 214 21*, — 4
454 31*, Am Roll Mill (2) 28 364 354 35*,— 4
36 28 Am Saftv Iiaz(t2).x 2 29 29 29 —
58 41 Am Shipbldg (+ 2) 900s 524 494 494 +14
1054 794 Am Sm & Ref (3) .. 47 904 89 894 -14
154 1384 Am Sm & Ref pf (7) 1 145 145 145
674 564 Am Snuff (t3) x 1 57 57 57 + 4
734 484 Am Steel Fdv (bl) . 37 574 564 574 + 4
264 17 Am Stores (2) 8 174 164 164 —4
143", 1244 Am Sugar pf (7)_ 1 1264 1264 126■ a +1
187 1604 Am Tel & Teleg (9). 13 1684 1684 168’* + 4
99 744 Am Tobacco (5) __ 6 774 77 77 — 4
994 744 Am Tobacco (B) 5 . 9 774 774 774 + V,
150'j 1284 Am Tobacco pf (6). x 1 1347, 1347, 134V,,
204 134 Am Type Founders. 5 144 134 14 — 4
294 164 Am Water Wks 8Uc. 12 174 174 174 — 4
20 6", Am Zinc & Lead _ 14 124 124 124
694 474 Anaconda Cop blue . 114 554 54-4 54*, — 4
97 79 Anaconda Wire bl’a 1 824 824 824 + 4
244 18 Anchor Cap (60c)__ 9 224 22 22 — 4
374 20' ;■ Andes Copper_ 1 214 214 214 + *1
111 1074 Armour (Del) pf (7) x 1 1084 1084 1084 t 4
134 7 Armour of 111(b35c) 21 114 11*, 114
994 814 Armour! Ill )pr pf 6 x 2 934 934 934
704 574 Armstrong Cork(2). 2 664 66 664 — 4
17*, 10 Artloom Corp_ 1 104 104 104
244 154 Assoc Dry Goods_ 15 184 174 18", + ",
574 49*, Assoc Invest (3). .. 1 52*, 52“, 524 -rl*«
R'6 93", Assoc Inv pf ww(5) 80s 94 94 94
94*4 694 Atch T A S Fe<a2)_. 29 844 834 834 + 4
104 974 Atch T & S F pf (5). 5 994 99*, 994 - 4
554 444 Atl Coast Linecal). 32 52*, 514 524 +14
44 30 Atl G & W I pf(a3). 1 30 30 30
37 28 Atl Refining (tl)_ 10 304 294 30 + 4
184 154 Atlas Corp (80c)_ 13 154 154 154
52*, 504 Atlas Corp pf (3)__ 1 504 50*, 504
364 214 Auburn Auto_ 3 23 22*, 224 + 4
94 6 Austin Nichols_ 16 6 6
94 54 Aviation Corp Del_ 8 6*, 6H 6*, — 4
114 54 Baldwin Loco (d> 14 6 54 6 + t,
120 $2 Baldwin Loco pf(d) 1 93 93 93 -,7
94 44 Baldwin asd (d) ... 4 54 54 54 — 4
120 884 Baldwin pf asd(d).. 2 934 93 93 + 4
404 204 Baltimore & Ohio 39 314 304 304 — 4
47 , 334 Baltimore & Oh pf.. 4 354 354 354 + 4
434 294 Barber Co (b25c)_ 4 324 314 314 — 4
42 38 Barker Bros pf 2}i.. 70s 384 384 384 + 4
354 -244 Barnsdall (1) •_ 8 27 264 27 -r 4
204 144 Bayuk Cigar t75c_ 1 154 154 154 -r 4
284 224 Beatrice Cream tl.. 1 23 23 23 t 4
154 12 Beldlng Hemin (1). 4 124 124 124 — 4
304 194 Bendix Aviat’n b50c 8 204 20 204 t 4
234 204 Bcnef Ind Ln (bU5c) 1 21 21 21 t 4
624 48 Best & Co <24 »_ 1 49 49 49 +4
1054 73 Bethlehem SteeKbl. 37 87 854 86 -r 4
20 184 Beth 5% pf (1)_ 4 184 184 184 -4
1294 1134 Bethlehem pf (7)'.„ 2 114 114 114
38 244 Black & Decker (1). 2 294 29 29 +4
294 22 Blaw-Knox (b45c).. 2 244 244 244
494 3D; Boeing Airplane ... 28 354 344 344 — 4
484 404 Bohn Alum & B(3)_. 2 424 424 424
93 854 Bon Am! A (4)_ 30s 87 86 86 -2
464 414 Bon Ami (B) (2%).. 20s 44 44 44 +2
28 234 Borden Co (1.60)_ 15 234 234 234
47 384 Borg-Warner (2) ... 13 464 454 454 — 4
234 15 Bridgep't Brass(l). 13 174 174 174 - 1,
594 41 Briggs Mfg (hi 4) -■ 9 40 454 454 - 4
534 434 Briggs & Strat (32 464 464 464 +14
47 41 Bristol-Myrs T2.40.. 1 424 424 424 + 4
53 21 Bklyn-Man Tr (4)13 234 224 23
1024 654 Bklyn-Man T pf < 6)- 1 674 674 674 + 4
8 34 Bklyn & Queens .. 2 34 34 3*,
524 284 Bklyn L'n GasU.60) 8 284 28 28 - 4
244 174 Brunswick-Balke_ 3 194 194 1914 — 4
254 154 Bucyrus-Erie__ 4 164 164 164 + 4
144 84 Budd (EG) Mfg_ 10 84 84 84 -r 4
13 8 Budd Wheel h20c._. 5 84 84 84 — 4
454 31 Bullard Co (b50c)__. 1 354 354 354 + 4
654 504 Bulova Watch (T4)_ 9 57 56 564 + 4
354 254 Burr Add M < 80c).2 264 264 264 + 4
114 44 Bush Terminal_ 98 5!, 44 44 — a,
39 20 Bush Terminal deb. 12 194 15 16 -5
454 244 Bush T Bldg pf cod. 60s 284 274 274— 4
184 134 Butler Bros (60c)._ 1 14 14 14 + 4
94 4 2 Butte Cop & Z(a5c). 3 54 54 54
334 204 Byers (AM)_ 2 224 224 224 + 4
4S4 37 Calif Packing (14). 1 37 37 37 -4
64 24 Callahan Zinc-Lead 6 34 34 34 — 4
204 12 Calumet&Hec bloc.. 5 144 144 144 — 4
374 26 Campbell Wy «T1)_ 2 274 264 264 — 4
384 254 Canada Dry G Ale_ 37 304 294 294 — 4
61 55 Canada South (3)... 20s 554 554 554 + 4
174 124 Canadian Pacific . 11 134 134 13a,
524 50 Cap Adm pf (A)(3). 100s 51 51 5L + a,
1764 138 Casei J 1 )Co < 4) .. 3 174 173 1734,— 4
10O 854 Caterpillar Tr <t2). 5 94 934 934 +
414 264 Celanese Corp bl 4. 96 404 394 40 — 4
1134 1064 Celanese pr pf A(7). 2 115 115 115 +1
484 364 CelotexCorp( 40c). 5 46 454 454 _ a,,
394 31 Cent Aguire (tl Vt)- 1 33 33 33 — 4
124 7'» Central Foundry_ 8 74 74 74 + 4
414 18 Central R R of N J-. 1 214 214 214 + 4
86a, 60 Cerro de Pasco (4)_. 4 694 69 69
234 144 Certaln-teed Prd_ 6 164 164 164 — 4
82 604 Certaln-teed pf (6). 110s 64 60 60 —3
604 354 Champion Pap (tl). 23 624 594 624 +34
111 108 Champion P pf (6).. 10s 1084 1084 1084 + 4
ii (.nesapeake Crp(3)_ 3 794 79 79 — 4
684 544 Ches & Ohio t2.80._. 43 59 584 584 + 4
44 24 Chi & East 111 (d)... 13 3 3-4
134 64 Chi & Est 111 pf (d). 12 9 8 8 —1
32 244 Chi Mall Ord tl V4_ 1 254 254 254
34 2 Chi Mil St P&P td)_ 1 24 24 24
74 44 Chi M St P&P pf(d). 10 44 44 44 +4
64 34 Chi & N W (d)_ 2 34 34 34
194 114 Chi & N VV pf <d)_ 2 124 124 124
33 21 Chi Pneumatic Tool 1 244 244 244 + 4
34 24 Chi K 1 & Pac (d) 1 24 24 24 - 4
104 54 Chi Rl&P 7 % pf(d) 2 6 6 6
224 154 Chickasha Cotfn Oil 1 17 17 17 -4
1354 1064 Chrysler Corp b34. 21 1124 1104 111 -14
214 384 City Ice & Fuel (2). 3 19 184 184 -4
92 83 City Ice & F pf 6 4 _ 60s 834 83 83 - 4
10'» 7 City Stores_ 5 74 74 74 + 4
404 324 Clark Equlpftl.60). 5 39 384 384 -4
1704 1224 Coca-Cola <t2)_ 22 164 1624 164 +24
584 57 Coca-Cola A (3)_ 1 59 69 59 +1
254 194 Colgate-P-P (toOc) _ 15 204 20 204 +4
624 50 Collins & Aikn <t2). 2 524 52 62 —4
1124 1084 Collins & Aik pf(5). 90s 109 109 109
514 33 Col Fuel & Irontbl 1 4 35 344 344 + 4
30 19 Colo & South 1st pf. 60s 184 184 184 —4
204 114 Columb G & ElUOc) 23 114 114 114— Vs
108 844 Col G & E pf A (6).. 3 834 834 834 —1
394 31 Columb Pic vtc (tl) 5 334 33 33
694 564 Cornel Credit (t4)_ x 1 62 62 62 + 4
80V* 634 Cornel Inv T (t4) .. 6 674 66 664 - 4
120 1034 Cornel Inv T pf 4%. 2 1064 106 106
214 134 Cornel Solv (T60c)__ 21 14 134 134— 4
44 2 Comw & Southern.. 29 24 24 24
754 47<i Comw & Sou pf(3).. 1 54 54 54
194 134 Conde Nast Pub_ 1 144 14.4 44^ _
454 354 CongoleumNrn<2)_ 4 37 364 364 — V*
184 114 Consol Cigar- 2 124 124 124 -4
494 34 Cons Edls N Y(t2)_. 30 344 344 344 - 4
108 1024 Cons Ed N Y pf(5).. 14 1034 1024 1024 - 4
54 3 Cons Film - 1 30* 31^ 314
134 94 Cons Laundries_ 2 104 104 104
174 144 Cons Oil (80c) _ 60 154 154 15.%
14 ' 4 Cons Textile (d)_ 3 4 4 4
134 84 Cons Coal (Del) vtc.. 1 104 104 104
374 204 Container Corp 1.20 28 29 284 284 — 4
1A Contain rts June 28. 125 14 1A 1A — A
374 214 Conti Baking (A)— 3 234 224 224 -4
54 24 Conti Baking (B)_ 6 3 24 24
694 504 Conti Can (3)_ 18 524 514 614 —14
424 354 Conti Insur (tl.60). 6 374 37 37+4
34 2 Conti Motors_12 24 24 24
474 394 Conti Oil Del (tl)_ 26 444 444 444 + 4
77 624 Corn Ex Bank (3)._ 10» 63 63 63
71V* 544 Corn Prod Ref (t3)_ 10 584 584 684 + V*
1714153 Corn Prod R pf (7). 1 1554 1554 1554 -4
10V* 6 . Coty Inc. 8 74 74 74 - Vi
564 424CraneCo___ 11 44 44 44 _|_i
1054 102 Crane Co cv pf (o)._ 37 1024 1014 102 — 4
4 V* Crane Co (rights).. 484 A 4 4 — A
121 -113>a Crane Co pf (7)- 24 116'/* 1164.116'/* + V*
1004 704 Crown Cork & S(2). 6 74 73V* 73V* — 4
47V* 40 Crn C&S pf xw 24.. 2 40 40 40 — V*
254 17 Crown Zellerb_ 28 204 194 194 — 4
814 51 Crucible Steel_ 1 63 63 63 — 4
3 14 Cuba Co _ 1 14 14 14
144 84 Cuban-Am Sugar... 1 84 84 84 — 4
204 104 Curtis Publishing_ 2 114 114 114—4
84 54 Curtlss-Wrlght_ 11 54 54 64
234 164 Curtiss- W (A)s50c. 3 181a 184 184 —4
24 19 Da vega cum pf 114. 4 204 204 204
1374 1044 Deere* Co _ 6 133 V* 133 1334 - %
314 264 Deere & Co pf 1.40.. 1 29 29 29
29 194 Delael-Wem-G (11) _ 7 194 194 194 - 4
684 414 Delaware ft Hudson 1 44 44 44 Aft
a
oiul* »na oaieg— Wet
HlBh. Low. Dividend Rate. Add 00. Hleh. Low. Close, chge.
24% 17% Del Lack & W«it_ 7 18% 17% 17%—%
36% 28% Diamond Match (tl 2 29 29 29
40Vs 34% Diamond Mpf(tl%) 1 36% 36% 36%+ %
23 17% Diamond T Mot (1.). 1 17% 17% 17% + Vi
29 20% Distil Corp Seag_ 2 21% 21% 21%+ Vi
96 84 Distil C Sea pf \vw 5 1 85 85 85
25 19% Dixie Vortex(1%) ,x 2 19% 19% 19%+ %
51 38% Dome Mines (t2)_ 11 41% 40 40 -1%
72% 9% Dominion Stores_ 1 9% 9'% 9% — %
77% 47% Douglas Aircraft__ 17 60 58% 58% —1%
39% 27 Dresser B (all__ 2 27 27 27 — %
3% 2 Duluth SS&Atl pf_ 12 2 2
122 112 Duplan Silk pf (8).. 10*115 115 115 +3
180% 148% Du Pont tie N(b2% ). 10 157 155 155 -1
135'% 131 DuPont deN deb(6). 1 132% 132% 132% — %
115% 112 Duauesne 1st (5)... 100s 113% 113% 113% + %
17 10% Eastern Boll Mills . 1 11% 11% 11%+%
175% 151 Eastman Kodak (8) 4 170% 170 170% + %
37% 31% Eaton Mfg (2)_ 1 33% 33% 33%—%
16 11% Eltington-Schlld_ 2 18% 12% 12% — %
29 21% El Paso Nat G 1.60.. 4 25 24% 24%+ %
45% 34% Elec Auto-L bl.40— 12 40% 39% 40%-%
16 9% Elec Boa» (a60c)_ 16 11% 10% 10% — %
7% 4% Elec&Mus 1 <al8c)_ 6 4% 4% 4%
26% 15Vi Elec Pow & Light.™ 7 17% 16% 16% — Vi
87 59 Eleo Pw & Lt $6 pf™ 4 67 66% 66%
92% 62 Elec Pw & Lt 87 pf™ 5 70 69 69 ■
8 3% Elk Horn Cl pf (d)_. 1 3% 3% 3% + %
17% 8% Eng Public Serv „ 1 8% 8% 8% + %
23% 13% Erie RR_ 1 16% 16% 16%-%
35% 24 Erie R R 1 st pf_ 1 24% 24% 24%—%
14% 7% Eureka Vacuum__ 17 8% 8 8% + %
34% 23% Evans Prod (tl)_ 3 25% 24% 24%+%
5% 3% Fairbanks Co__ 40s 3% 3% 3%
28 20% Fairbanks Co pf_ 20s 23% 23% 23%-%
‘ 71% 49% F'alrb'ks-Morse (tl) 3 67 56% 67 + %
70 50% F"ajardo Sugar <b2). 5 50% 50 60 — %
11% 7 F'ederal Motor(40c). 5 7% 7 7 — %
11% 5% Fed Screw Works—. 17 7 7
6 3% Fed Water Svc A —_ 1 3% 3% 3%
Ha j-ect reu uep s pt , 4, j p.) d.j p.j — z
45', 3H Fidel Phoenix tl.60. 1 374 374 374 —4
41’, 32H Firestone T&R (2) 5 33 32', 324-4.
624 40 First Natl Strs t24 x 5 40'i 40 404 - 4
464 294 Flintkote Co (1)_ 26 314 304 314 + 4
58 474 Food Machine (1).. 9 54 534 54 +1
128 1164 Food Mach pf(44). 190s 1194 1194 1194 -1
54 4 384 Foster-\Vheeler_ 7 454 434 434
135 106 Foster-Wheeler pf.. 50« 113 113 113 +1
83 60 Franklin S pf (a5 4) 16s 55 55 55 —5
324 244 Freeport Sulph (1). 3 264 26 26 + 4
73 47 Fuller Co pr pf_ 10s 514 514 514 —1
484 26 Fuller Co 2d pf_100s 284 28 4 284 — H
33 22 Gamewell Co_ 90s 26 234 26 + Vi
1064 95 Gannett cv pf (6) 10s 1014 1014 1014 + 4
194 124 Gar Wood Ind 1.23c. 7 124 124 124 -4
864 654 Gen Am Trans bl 4. 4 704 694 70 + V,
194 124 Gen Bakin* <t60c) — 6 124 124 124
14 84 Gen Rror;ze_ 3 84 84 84 — 4
324 22 Gen Cable_ 1 244 244 244 - 4
126', 1124 Gen Cable pf (a7)_ 2 120 1194 121) ' + 4
524 39 Gen Cigar (T4) 5 40 394 40
64 4 494 Gen Electric (b80c). 48 544 634 534 -4
444 36 Gen Foods (2)_ 7 394 384 38', —
34 14 Gen Gas & ElectA). 4 24 2 2
644 50 Gen G&E 6To cv pfA 20s 50 50 50 4 2
654 60 Gen Mills (3)_ 3 634 63 63 -1
124 117 Gen Mills pf (6)_xl30i 120 120 120 434
704 544 Gen Motors (blV*) — 238 54', 52', 524 -14
122', 1144 Gen Motors pf (5)_ 7 117', 1174 1174 - 4
154 84 Gen Outdoor Adv... 3 104 104 104 + V,
604 424 Gen Outdoor Adv A. 1 52 52 52 - 34
19 154 Gen Print Ink b30c- 2 174 174 174 + 4
54 34 Gen Pub Service_ 6 34 34 34 — 4
65', 414 Gen Ry Signal (1). x 3 454 45 45 — 4
1174 1104 Gen Ry Signal pf(6)x 40s 1044 10*4 1044 - 24
54 3 Gen Realtv & Utll._ 2 34 34 34 - V,
704 57 Gen Refract (b2)__. 3 61 604 61
88 56 Gen Steel Cast pf_ 10s 58 58 58
334 224 Gen Thea Kp(boOc). 4 234 224 224 -14
43', 354 Gen Time Instru tl. 2 36 354 36 +1
204 15 Gillette S Raz (tl)_ 22 154 14'. 144 - 4
294 20', Gimbel Bros _ 13 24', 244 244 — ',
514 41 (Hidden Co (12)_ 12 474 46'. 47',+
6', 44 Gobel (Adolf) _ 3 4', 44 4'* - V*
84 54 Goebel Brew(t20e) x 5 64 64 6',
504 31 Goodrich CBF) bade. 6 434 43 43 — 4
474 274 Goodyear T & It bl.. 60 41 40', 404 - V,
134 7;4 Gotham Silk Hose__ 1 84 S', 8',
44 3 Graham-Paige_ 14 3', 34 34
15 64 Granby Cons_ 7 94 94 94 + V*
54 34 Grand Union ctfs .. 1 34 34 34
27:4 184 Grand Union pf bl V4 3 18', 18', 184+ 4
47', 344 Grant ( WT) (Tl.40) 2 374 37', 374
564 40', Grt Northern pf_ 42 544 534 534 — 4
284 19 Grt Northn Ore (1)_ 14 21 21 21 - 4
424 34 Grt West Sue t2.40. 3 354 35 35 — V,
164 124 Greyhound (T80c).. 32 144 13', 144 + 4
114 104 Greyhound pf(55c) 1 114 ID, 114— 4
344 30 Hackensack W b75c 1 294 294 294 — 4
204 134 Hall W F Print_ 1 154 154 154
108 1044 Hamilton W pf (6). 70s 104 103 103 -3
105 98 Hanna <MA) pf(5). 30s 101 101 101
584 43 Harb-Walker (t2 > .. 2 45 44 44 —1
17', 124 Hat Corp of Am 80c. 1 13 13 13
8 4 Hayes Body _ 1 4', 44 44
1094 101 Hazel Atlas G1 (to). 1 1024 1024 1024
15', ll'i Hecker Prod (t60c). 3 124 12 12 - 4
39', 274 Hercules Motorttl) 1 28', 284 284 -r ',
524 354 Holland Fur (a 1V4). 1 404 40', 404
434 314 Holly Sugar (t2)_ 3 3 3 4 33 4 334 + ',
431 336 Homestake (tl2)... 80, 385 3824 383 -rl
41 37 Houd-Hersh A(24) 2 364 35 35 -2
94 88N. Househ'ld Fin pf(5J 1 904 904 904 —
17', 124 Houston Oil vtc_ 10 15', 154 154
904 624 Howe Sound 4 T3)_ 4 784 774 774 + 4
234 154 Hudson Motor_ 10 16', 15'* 15', — '«
4 3 Hupp Motor__ 20 3', 34 34 + 4
38 224 Illinois Central_ 10 27', 27'* 27'* — 4
674 45 Illinois Cent pf A_ 2 454 45 45 — 4
474 364 Indus Rayon (2)_ 6 394 39 39 + 1,
144 125 Ingersoll-R'd (bl4) 1 131 131 131 -14
1314 94 Inland Steel <T4)—_ 13 105 102 102 -1
334 174 Inspiration Cop_ 39 25', 244 24',+ 4
13'* 64 Inter Rap Tr vtc(d) 1 6', 64 6',— 4
644 41 Interchem Corp(t2) 1 564 564 564 + 4
1114 107'* Interchemical pf (6) 10s 109 109 109 — 4
114 4'* Intercom! Rubber_ 3 7 7 7
284 164 Interlake Iron_ 38 194 194. 194— 4
94 5 Inti Agricultural 3 64 64’ 6', — 4
634 42 Inti Agri pr pf (b3). x 1 51 61 51 — 4
189 1494 Inti Bus Machl 16) .. 7 149'* 149'* 149'* - 4
112'* 994 Inti Harvester(2Vi) 23 111'* 1104 110'* - 4
16', 8', Inti Hydro El A .2 12 12 12 -4
154 64 Inti Mercantile M. _ 33 114 104 104 + 4
18’* 10 Inti Mining (b30c). 6 12), 12 124+ 4
73", 554 Inti Nickel (bl)_ 66 60',* 594 59',-',
244 164 Inti Paper (A)_ 14 194 194 194 -4
18 10', Inti Paper (B)_ 2 13'* 134 134 -4
94 54 Inti Paper (C)_ 7 7', 74 74
121'* 904 tntl Paper pf_ 10 1054 105 105 +4
10 5', Inti Ry Cent Am_110s 64 64 64
571 i 434 Inti Rv C Am pX A_50s 474 47 474 + 4
284 25 Inti Salt (T1H)_ 2 254 25 25
494 424 tntl Shoe ( + 2) _ 1 44 44 44
110 90 Int Silver pf (b6)_ 60s 94 94 94 +1
15', 94 Inti Tel & Tel_ 24 11 10', 10', - %
364 204 Interstat Dp St b2V4 20 244 24V* 24V* — 4
107V, 100 Inter Dept St pf (7 ). 30t 101 101 101 + ',
'264 174 Intrtype Corp b30c— 1 184 184 184 + 4
30 254 Island Creek (2)_ 2 28 28 28 —4
155 125 Johns-Manv (+ 3)_x 4 129 128 128 - V*
136 1204 Jon&L 7% Df(bl%). 70s 1234* 123 1234 +14
46 32 Kalamazoo S <tl)_ 2 33 324 324 -4
29 20 Kans City South_ 2 21 204 204 — 4
444 324 Kans City So pf(al) 1 324 324 324 — 4
234 164 Kelsey-H A (alH)- 1 15'* 15", 15"* - 4
1*773 1 172 IVCICC.y -il (d 1*2#— L 1 L 11 11 '-2
109% 101 Kendall pf A <t6) 10j 102 102 102
69% 51 Kennecott Cop bl Vi. 49 59'* 59’* 59% — %
• 20% 15% Keystone S&W b30o 4 15% 15% 15%
71 47% Kinney pf (al) _ 40» 56% 56 66 -1
29% 21% Kresge(S S)b60c._ 3 21% 21% 21% f%
47% 33 Kress S H (1.«0)_ 1 33 33 33
24% 18% Kroger Groo (tl.60) 11 19 18% 18% — %
24 18% Lambert Co (2)_ 1 19% 19% 19%+ %
27% 17 Lee Rubber (50c)—. 5 25% 24% 24% — %
3% 1% Lehigh Valley Coal. 1 1% 1% 1% + %.
18% 9% Lehigh Val Coal pf_ 2 10% 10 10 — %
24% 16% Lehigh Valley R R.. 4 17% 16% 16% -%
42% 38% Lehman Cor’n__ 3 42% 42 42 — V«
58% 43 Lerner Stores(t2)._ 1 43 43 43 — %
79 61% Libbey-Ow-F b75c._ 15 68 67% 67%—%
15% 9% Libbv McN & L(al). 3 11% 11% 1% + v
28% 25% Life Saver (tl.60).. 2 26% 26% 26% + Vi
113% 93 Ligg & Myers (t4)_. 1 99 99 99 -%
61 51% Link Belt (t2)_ 2 54% 54 54 — %
53% 43% Liquid Carb (2.60).. 2 48% 48% 48%-%
84% 64% Loew's Inc (t2)_ 26 82% 81% 82 + %
3% 2'* Loft Inc - 1 2% 2% 2% + V,
75% 50% Lone Star Cem (3)— 4 60 60 60 +1
10s* 6% Long-Bell LumblA) 17 7 7
43% 31% Loose-Wiles (2) ... 2 <?1% 31% 31%-%
28% 21% Lorillard P (tl.20) 17 21% 21% 21%-%
28% 19% Louis G&E A b37%c 1 19% 19% 19%
99 86% Louis* Nash b2%.. 1 88 88 88 - V*
41% 29% Ludlum Steel (tl>_ 2 32% 32 32 — %
36 26% McCall Corp (t2)._. 3 26% 26% 26%-%'
24% 14% McCrory Stores- 2 17 17 17
106% 86 McCrory Strs pf (6). 1 88 88 88 +1
28% ’l8% McGraw H P b27%a 2 20% 20% 20%+%
42% 32% McIntyre Porcu(2). 1 34% 34% 34%—%
42% 31% McKeesp't Tin P(2) x 5 35% 35% 35%—%
16% 12% McKesson & Rob... 41 15 14% 15
19 12% McLellan Strs b75c. 3 13% 13% 13% - %
62% 42% Mack Trucks (tl)_ 1 47 47 47
68% 44% Macy (R H) 4+2)- 5 46% 46% 46%+%
16% 7% Man El md gtd (d)_. 5 8% 7% 7% — %
6% 3% Maracaibo Oil Exp.. 14 4 4
14% 10% Marine Mid (t40c).. 56 10% 10 10 -%
6% 3% Market St Ry 2d pf. 60» 3% 3% 3% — %
30% 18% Marshall Field_ 10 25% 25% 25% - %
29V* 22 Martin (Glenn)_ 5 23% 23% 23% — %
13% 7 Martin-Parry__ 10 9% 9% 9% — %
74 50 Masonite (tl). 3 51 50% 50%—*/
41% 32% Mathieson Aik (1V4) 2 35% 35% 35%+%
£6% 51% May Dept St (t3>... 4 67% 56% 56%-%
15% 9% Maytag Cota50c)._ 3 9% 9 9 - Vi
44 35 ' Maytag pf ww (3).. 1 36% 36% 36%
34% 25% Mead Corp (b50c)._ 3 28% 28 28
101 . 93% Mead Corp pf (6)... 60» 97 95 97 +2
16% 11% Mensel Co _ 1 12% 12% 12%+ %
47*i 38% Mengel 1st pf (2V4)- 120* 40 39% 40 + %
72% 58 Mesta Mach (b2%). 3 63 63 63 + %
26V* 14% Miami Copper . ... 24 18% 18% 18% — %
85% 27% Mid-Cont Pet (b50c) 4 28% 28 28 - %
122 114 Midld 8t) 1st pf(8). 20« 115 115 115 +1
106 99% Milw E R & I pf(l). 60s 96% 96% 96%-3%
16% 11 Minn Moline Pow... 12 13% 13% 13% - %
6% 3 M St PftS S M pf- 1 2% 2% 2% - %
* r
Prev. 1037 Stock and Sties— Net
Htth. Low. Dividend Rate. Add 00. High. Low. Close, chge.
34 26'4 Mission Corn (bl).. 9 29 28 28%+%
9% 6% Mo Kans & Texas... 8 6% 6% 6% - %
34% 24% Mo Kansft Tex cf A 14 26% 26% 26%-%
101 85 Monsanto Ch (bl) 1 90 90 90
69 48 Montg Ward (t2)_ 68 55% 54% 54%-%
46 39 Morrell J (2.40)_ 1 40 40 40
3% % Mother Lode al2%e. 8 1% 1% 1%
38% 30% Motor Trod (81%).. 5 32 31% 32 + %
26 19% Motor Wheel(1.60)_ 3 20% 19% 20 — %
54 40 Mueller Brass (tl)_ 6 39 39 .39 -1%
39% 24% Mullins B (a50c)_ 3 26% 25% 25%—%
20% 11% Murruv Corp(a50c). 9 12V* 12 12 — %
24% 17% Nash Kelv (1) _ 51 18% 17% 18% - %
47% 35 Nashv Chat & St L.. 60* 35% 35 35 -1
18% 11% Natl Aviation (al).. 3 12% 12% 12%
3.3% 24% Natl Biscuit (1.60) 17 24% 24 24%—%
33% 25% Natl Bond & In 1.44 x 1 26% 26% 26%+%
38% 29% Natl Cash Reg (1> . 10 35** 35 .35 — %
26% 21% Nall Dairy Prd 1.20. 20 22% 22% 22%-%
112% 107% Natl Dairy pf A (7). 10* 108% 108% 108*. + %
24% 16% Natl Dept Stores_ 6 17% 17 17%+ %
35 27% Natl Distlllers(t2)_ 14 30% 30% 30%-%
18% 14'% Nat'l Gypsum Co_ 4 16 14% 15 + %
44 31% Natl Lead <t50c)._. 9 35. 34 .74 -%
171 154** Natl Lead pf A <7)_. 1 158 158 158
14% 8% Natl Pw & Lt (60c)_ 15 9% 9% 9*,— %
94% 70 Natl Steel (t2%)_ 8 78% 78 78 +%
109% 62 Natl Supply Co_ 2 102% 102 102% +1%
12% 6% Natl Tea... _ 2 6% 6% 6% + %
13% 9% Natomas (t80c)_ 1 10 10 10 — %
41% 28 Newport Ind(b60c)_ 30 . .34% 33% 3.3% — %
98% 73% N Y Air Brake (al). 3 80 80 80
55% 40 N Y Central_ 61 44% . 43% 43% — %
72 41 Y Chi & St L- 2 60.’* 60 60 * +2%
100 83 N Y Chi & St L pf_ 1 89% 89% 89% 4 1%
31% 25% N Y City Omnibus_ 3 27% 27 27% + %
12% 8 NY Dock_ 20e 9 9 9 i- %
25% 17 N Y Dock pf_160a 19 18 18 — %
2 1 N Y Investors (d)_ 11 11
9** 3% NY N'H & H id)_ 19 4% 4 4
26% 15 NYNH&Hpf (d).. 2 15% 15% 15%-%
6% 2% N Y Ontario* W__ 2 2*. 2*. 2% — %
15% 8% N Y Shipbuilding_ 34 12% 11% 12 4 1%
76% 56 N Y Shipbldg pf_ 510* 61 60 60 - 3%
102** 75% N Y Steam pf (6) .38(1* 71 66 71 -23%
112% 85 N Y Steam pf A(7)_ 620a 79% 73 79%-23’*
17%. 9% North Am Aviation 10 12% 11% 12% 4 %
34% 22% North Am Co (b60c) 14 24% 24% 24% — %
57% 51% North Am Co pf (3). 1 52% 52% 52% — %
364* 27'/* Northern Pacific _ 39 33% 32% 32% — %
53% 49 Northwest Tel (3).. 60s 51 51 51 +1
6% 3% Norwalk Tire & R_ 2 4% 4% 4% — %
22% 17% Ohio Oil (b50c)_ 11 20 19% 19% — %
73 53% Oliver Farm Equip. 11 67% 66% 66% -1%
19% 12% Oppenhelm Collins.. 1 14% 14% 14% + %
45% 33% Otis Elevator b40c.. 11 39% 39% 39% 4 %
140 127% Otis Kiev pf (6)_ 60a 132% 132% 132%
24’* 14% Otis Steel_ 14 18% 17% 17% — %
97 75 Otis Stl cv pf (5%). 3 81 80% 81 -i 1 %
28 22 Outboard Mot b75c. 2 24 23% 23% — ■’»
1 114 114 Outlet Co pf (7)_ 10*115 nr, 11.6 61
96% 82% Owens-111 Glass (3) 10 94% 93% 93% — %
23 17% Pacific Am Fish 1.20 3 19% 19% 19%
15% 8 Pacific Coast_ 30a 8% 8% 8% — %
27% 15% Pacific Coast 2d_ 80# 15% 15 15 — %
32% 22 rac Finance(11.80). 1 21% 21% 21% — %
38 28% Pac Gas & Elec (2). 15 29% 29% 29% — %
53% 4 1 % Paa Lighting (3)... 2 43 42% 42% — 1*
44% 29% Pacific Mills (bl) J_ 1 29% 29% 29% —1%
152 134% Pac Tel & Tel (8)._. 50a 141 138 141 43V,
29% 20** Pac West OH(a63c). 6 23% 23% 23% — %
12% 8% Packard Mot tbl5c) 60 9% 8% 8% — %
121 60 Panhandle P&R pf . 30a 103% 103 103% —1%
109% 99 Paraffine Cos pf (4). 40a 100 100 100
28** 17% Paramount Pic_ 38 19% 19 19% — %
26% 16% Paramnt 2d pf 6O0_ 1 17% 17% 17’,
34% 27% Tark & Tilford (2).. 1 28% 28% 28% — %
8% 4 Park Utah __ 5 4 * 4% 4 * 4 %
44** 37 Parke Davls(bl.40). 1 37% 37% 37% - %
29% 23% Parker Rust (Tl V4). 3 24% 24% 24%
10% 6% Pathe Film Corp__ 4 7% 7% 7% — %
23% 14% Patino Mlnes(t60c). 3 16% 16 16 - %
7% 3% Teerless Corp_ 1 6% 6% 6%
I'M t 8f Penney JC) (4)_ 3 914 90 9" -1
6 4 34 Penn Coal & Coke .. 14 4 4
124 7 Penn Dixie Cement. 1 74 74 74 + 4
764 50 Fenn Dixie pf < A)_ 1 52 - 5i 52 -3
504 394 Penn Railroad <a2)_ 16 414 414 414 -r 4
j 654 444 Peoples Gas Chi_ 1 454 454 454 —1
91 80 Pere Marq pf_ 1 804 80', 80', — 4
214 164 Petrol Corp(A) b40c 1 174 174 174 + 4
134 7', Pfeiffer Brew bBllc 3 84 84 84 — 4
59', 434 Phelps D b80c x rts. 12 464 45', 454 —14
i« H FhelpsD rts June23 448 4 ij Tj — *4
544 42 Phila Co 6% pf (3). 4 424 42 42
74 44 Phila Rap Tr (d) 200* 64 64 64 + 4
34 14 Phila & Read C & I. 11 14 14 14
844 70 Philip Morrls(b3*4 ) 10 82', 814 814— 4
594 494 Phillips Petrol'm '2 15 564 55', 564 — 4
20 134 Pitts Screw&B bl5c 12 144 13', 14 — 4
122 914 Pitts Steel pf_ 100a 91 904 904 -1
84 34 Pitts United_ 3 4*. 44 44 — 4
474 314 Pitts & W V*_ 200* 35 34 34 -24
3 14 Pittston Co_ 1 14 1*, 1', - 4
294 244 Plymouth Oil b70c.. 6 274 274 274
334 224 Poor & Co (B) 2 254 25 4 254 - 4 1
154 8 Postal Tel&C pf(d). 1 84 8", 84 — 4
314 194 Pressed Steel Car... 8 21', 21 21 — ",
654 554 Proctor & Garni 12). 14 604 594 60 + \
1184 1144 Proc & Gamb pf (5) _ 30s 116 116 116
524 374 Pub Svc M J (2.60).. 7 384 38' . 384
1124 1004 Pub Svc N J pf (5).. 2 101', 1014 1014 - 4
724 554 Pullman Inc (1 Vi ) 2 57 57 57
244 174 Pure Oil.. _ 139 184 18 184 + 4
1124 108 Fure Oil pf (8)_xlOUs 1094 1094 1094 - 4
234 154 Purity Bak (60c)_ 4 174 174 174 + 4
18', 16 Quaker State O b45c 3 174 174 17', t 4
124 84 Radio Corp . 30 S', 8', 8',
80 651, Radio 1st pf (34) x 4 67", 67 4 674 + .4
104 74 Radio-Keith-Or (d). 10 84 84 84
254 144 R R Sec 111 Cent_160s 19 184 184 -4
374 29 Raybestos M (Tl Vi) 6 34 334 334 — 4
I 44 24 Reis (Robt)_ 1 24 24 24
! 30 22 Reis (Robt) 1st pf.. 1 21 21 21 -1
22’, 17 Reliable Stores (1). 1 184 184 184 -t- 4
354 25 Reliance Alfg ( + 60c) 1 '25 25 25
294 21 Rent-Rand (b53c)._ x 12 244 23'* 244
944 80 Rem-Rd pf ww 4 V* x 1 824 824 824 -',
94 5 Reo Motor Car_ 4 64 64 64 — 1,
474 274 Republic Steel _ 79 36", 354 354 — "»
124 109 Repub Steel pf (b3). 1 116 116 116
494 334 Revere Copper_ 2 364 364 364 -14
98 71 Revere Copper(A).. 1 75 75 75 — 4
304 224 Reynolds Met <tl)_ 9 264 26 26 - 4
344 19 Reynolds Spr (tl).. 2 21 21 21
67 60 Reynolds Tob (3)... 10s 61 61 61 — 4
58 49 Reynolds Tob B (3). 11 514 504 504
46 31 Safeway Stores(t2) 2 344 344 34"* — ",
: 103 974 Safeway Strs pf(5). 50s 994 99'-* 994 -rH*
[ 113 1064 Safeway Str pf (6).. 20s 109 109 109
113 110 Safeway Strs pf(7) 30s 110 109"* HO -1
65 434 St Joseph Ld (12).. x 11 59", 58 584 — 4
4'* 3 St U-San Fran (d)__ 6 34 3 • 3 - 4
114 64 St L-San Fr pf (d)_. 1 7 7 7 — V,
274 144 Savage Arms b25c.. 1 204 204 204
51*i 404 Schenley Dist bl Vi — 8 42 414 414 — 4
34 14 Schulte K Sirs (d).. 1 14 1", 14—4
454 38 Scott Paper (b65c)_. 20s 404 404 404 + 4
24 14 Seaboard Air 1* (d). 3 14 14 14
84 44 Seaboard A L. pf(d). 1 4** 44 44 — 4
544 364 Seaboard OH (1)_ 3 43 42', 42',+ "*
95", 81 Sears Roebuck (3).. 27 894 88', 89 - V»
34 26 Servel Inc (tl)_ 23 304 29", 304 + 4
424 29 Sharon Steel (tl.20) 1 324 324 324
14 94 Sharpe & Dohme ._ 1 114 114 114+ 4
17H 12', Shattuck F G (60c). 2 134 13 13 - 4
34*i 251* Shell Un Oil <a26c)_ 19 29', 29 294 - 4
105", 102 Shell Un Oil pf 6Vi- 1 104", 104", 1044 - 4
174 124 Silver King (b65c) . 2 144 144 144 — V,
58 40 Simmons Co (b50c). 3 47 46', 46';
179 854 Sloss-Sheffield Stl — 20s 1504 1504 1504 4 14
544 304 Smith (AO) __ 1 314 314 314
204 164 Socony-Vac (b25c). 69 19", 19", 194 — 4
1134 110 Solvay Am pf (54). 2 115 115 115 +2
Prev. 1937 Stack snd Bales— Net
High. Low. Dividend Rate Add 00. High. Low. Close, ehga.
6% 3% South Am G & P 30c 4 3% 3% 3y4 _ %
42% 33 South Port Sug(42) x 1 34 34 34 + «,
32% 22% So Cal Edison 41V4.. 7 24% 24y* 244*— %
65% 42% Southern Pacific_ 29 52 51 51 -1
43% 24 Southern Ry_ 17 37% 37% 37% — %
60% 45 Southern Ry pf__ 3 50 49 49 _ji/4
fi5% 64 So Ry A1 & O ct (4).. 1 61 51 51 -3
11% 8 Spalding (AG)_ 1 7% 7% 7% — %
77% fil Spalding 1st pf- 10a 61% 61% 61% + %
9% 5% Sparks- Wlthlng_ 5 5% 5% 5% + %
36 31 Spencer Kell (1.60). 1 31V* 31V* 31V*
28% 17 Sperry Corp vtc(al) 13 17% 17% 174*-%
34% 28% Spicer Mfg (a3)_ 2 30 29 30 — %
60 45% Spicer pf A (3)_ 10a 47% 47% 47% + y4
28% 19% Spiegel, Inc (1)_ 52 21% 20s* 21V* +1%
95% 81% Spiegel cum pf(4Vi) 90a 85 83% 83% -1%
48% 37% Square D(B) 660c . 3 42 41% 41% — 4*!
16'/* 12% Stand Brands'tguc) 21 12% 12% 12%
12% 7% Stand Com Tobac_ 4 8% 8 8% — % I
14% 5% Stand Gas & El (d). 9 7 6% 6% — V* !
32% 15 Stand G&E *4 pf(d). 3 18 17% IS + V*
72% 42 Stand G&E $7 pffd). 1 45 45 45
50 40% Stand Oil Calif(tl)_ 19 43% 42'% 42% — %
50 42 Stand Oil Ind 411 )— 7 44% 43% 43% — %
33% 30% Stand Oil Kan(al).. 1 33% 33% 33%+ %
76 63% Stand Oil N J (tl).. 46 66 65V* 66 + V*
21 17% Stewart-Warn tSOo. 15 18% 18% 18%—%
33% 19 Stone & Web(a25c). 5 19% 19% 19% — %
20 13% Studebaker Corp__ 30 14% 13% 13% — %
77% 65 Sun Oil (tl)- 1 65 65 65 —1%
61% 40% Superheater (1%).. 4 44% 43% 43% -1
7% 4% Superior Oil_ 3 5 4% 4% — %
47% 30 Superior Steel_ 1 32% 32% 32%+ V*
28% 23% Swift & Co (tl.20).. 4 23% 23% 23%
.'Vi% 30% Swift Internatl (2). 4 31 30% 31 + %
23% 15% Symington ww blOo 16 20 19% 19%
17% 11% Symington xw blOc. 8 15 14% 14% + %
57% 50 Talcott (J) pf t2%. 60s 51% 50% 51% +1%
15% 10% Tenn Corp (al5c)... 13 13 12% 12% — %
65% 50% Texas Corp (2)_ 49 60 59% 59% -r %
9% 6% Texas Gulf Pr a5c13 7% 7% 7% + %
41 35% Texas Gulf Sul (t2) 20 35% 35% 35%
54% 42% Texas & Pac R R_ 3 48 47% 48 -i 2
16% 11% Tex Pac C&O blOc .. 11 14% 14 14% _ *, |
15% 10% Texas PLT (alOc). 4 11% 10% 10% — Vi j
13% 8% Thermoid Co_ 7 8% 8% 8% + %
8% 3% Third Avenue_ 2 3% 3% 3% — % 1
28% 23 Thomps’n Prod b40o 1 25% 25% 25%+ %
10% 5% Thompson S'arrett. 5 5% 5% 5% — %
40** 22 Thompson Star pf__ 1 23 23 23 — %
21% 16% Tide Wat As Oil 8O0 32 17% 16% 17%+ %
97% 91% Tide Wat A O pf 4 % x 1 96 96 96 + %
28% 21 % Tlmken-Detrolt(11) 7 22% 22% 22% — %
79 59% Tlmk’n-Roll Brg(3) 6 60% 60% 60% — %
17% 12% Transamerica t40c. 12 13 12% 12% — %
22 * 13% Trans Wst Air a25c. 9 15% 14% 14% — %
27% 17 Transue & W(t60c). 1 17% 17% 17%—%
11% 8 Tri-ContT (b25c)._. 11 8% 8'* 8% — %
1 V U /_ 1 ill,) 1UO JU;>
12 8% Truax-Traer(b25c). 3 9% 9 9 _ 14’
40% 33% 20th Cent Fox b50c_ 8 37% 37 37 _ >,
60 42% 20th Cent F pf (1 % ). 1 46 46 43 _ 1,,
26% 16% Twin Coach <bl5c)_ 1 1914 1914 jgi,
100% 76!, Und-Ell-Fish bl %_ 9 88 S3 85 -4
91% 63 Union Bag & P (2).. 4 75 73 73 -2
111 95 Union Carb (3.20) . 10 100% 99% 100 — %
28% 23% Union Oil (Calif) 1.20 8 24% 24 24
148% 126% Union Pacific (6) . 3 140 139 139
31% 26% Union Tnk Car 1.60. 2 27% 27 27
35% 23% Utd Aircraft(a50c). 12 26% 26 26%
24% 15% Utd Air Lines a20c_ 11 16% 16 16%+ %
91 69% Utd Carbon (4)_ 3 84 83% 83% _ 1,
8% 4% Utd Corp (a20c)_ 38 4% 4% 41, _ ,s
46% 37% Utd Corp pf (3)_x 7 37% 37 37
16 11% United Drug (b25c) 3 12% 12% 12%
26% 18% Utd Dyewood (1).. x 3 23 22% 22%
9% 5% Utd Elec Coal_ 15 6% 6% 6% '
86% 77 United Fruit (t3)._. 1 78', 78'. 78% — %
17 12% Utd Gas imp (1)_ 37 12% 12 12 — %
113% 107% Utd G Imp pf (5)... 1 107', 107', 107% - % |
16% 6% Unit Paper’bd b30c. 5 11% 11% 11% _ %
20% 11% U S Dlstrlbutlm pf. 50s 16% 16% 16%
24% 15 * U S & For’n Secur_ 2 17 17 17
34% 15% U S Freight <tl)„_ 1 16% ]6% 16%
137 105% U S Gypsum <t2)... 2 109% 109% 109%
172 156 U S Gypsum pf (7). 10s 16_> 162 162 +1
23% 17 US Hoffman - 1 18% 19% js% _ %
l->% 6% U S Leather vtc_ 2 9'. 9 , 9% + %
“% 13% U S Leathert A1 vtc. 5 16% 16% 16% - %
72% 51% U S Pipe & Fdry (3). 8 51 % 50%. 50% _14, I
19% 10 -U S Realty & Imp_ 2 11% 11', 11%+ 1, I
72', 44% U S Rubber- 35 60% 59% 59% v V,
118 84 U S Rubber 1st pf_ 4 91% 91 91
105 79 U S Smelting (b4 >_ 3 88% 87% 87% - %
75% 67 USSmeltpf (3 Vs) -- 1 67% 67%. 67%
126% Vo U S Steel- 114 102 99% 99% -1%,
150 131 U S Steel pf (7)- 3 134% 134% 134% + %
9» 6% Unit Stk Yds (50c)_ 4 6% 6% 6% — %
8% 3% Utd Stores (A) _ 2 4% 4% 4%
84% 70 Utd Str pf aH.81(4. 1 65% 65% 65% -4%
21 19% Univ Cyclops Stl( 1) 1 20 20 20 -%
86 68 Univ Leaf Tob lt3). 2 72 71 72 +2
4% 2 Util Pw&Lt <A)(d). 3 2% 2% 2%
39% 26 Vanadium Corp_ 4 28% 28% 28% — %
44% 36 Van Raalte (bl%)— 1 37% 37%. 37%
12% 7% Va-Car Chemical 7 9 8% 8% — %
7 4% 51 % Va-Car C 6 Vo pf b 1 % 1 58 58 58 —1
115 108 Va Eli Pw of (6).. 290s 107 107 107 -1
10% 3% Wabash (d) _ 2 5% 5% 5% + % '
18', 9 V. abash pf (A) (d).. 1 11% Hi, pi,. 1,1
19', 13 Waldorf Sysltl.20). 2 14% 14% 14%+ %
33 26% Walgreen Co (2)_ 4 26% 26% 26% — %
49% 42', Walker (H) (2)_ 1 46% 46% 46%
• 18', 11% Walworth Co_ 8 15% 15%’ 15% - 1,
50', 29 Ward Baking (A)__ 1 30 30 30 -r 1
10% 5% Ward Baking (B)_ 6 6% 6 6 -r %
99% 75 Ward Bak pfib"-',). 2 77 77 77
18 11% Warner Bros Piet . 16 13', 13', 13% — %
1% % W'arner-Quinlan(d) 1 », % %
46 33', Warren Fdy&Pttl) 5 38', 38 38
48% 34 Wayne Pump (2) _ 14 47% 47 47% + % i
56 43% Wesson O&S (T50c) 3 49 49 49 —1 j
100% 86 West Penn El pf(6) 60s 87 86% 86%+ % I
109 92 West Penn El pf (7) 40s 95% 95 95 — 1,
115% 110% West Pa Pwr pf (S) 50s 111% 111% 111', + %
123% 118 West Pa Pwr pf (7) 10s 119', 119', 119', -1%
30% 26% W n Auto Sup 1.60 ._ 7 28% 27% 27% -r %
11s, 8% Western Maryland. 7 8% 8% 8% |
4', 2% Western Pacific 1 2% 2% 2% — %
11% 7% Western Pacific pf.. 3 7% 7% 7% - %
83% 54% Westn Un Tel (3)... 17 58 57 57 -9%
57% 41% Westingh’se A B( 1) 39 45% 45 45 + %
167% 130!, Westhse Elec (b2) 13 144', 142', 143 —1',
170 143 West se El 1st pf b2 20s 150 150 150 -rl
27% 19% Westvaco Chlor (1) 2 21 20', 21
34', 29% Westvaco SVoPf H4 2 30% 30 30
65 38 Wheeling Steel 16 50% 49 49% +1%
110% 99 Wheel Steel p£ b2%. 4 107 105'#107 +5
23!, 21% White Dental tl.20 .. 1 22% 22% 22%
33% 21% While Motor_ 3 23', 23% 03% — %
18% 14% White Rk M S(1.40) 1 15% 15% 15% + !,
6% 4% Wilcox Oil & Gas_ 3 5% 5 5 — 1,
12% 8% Wilson & Co (50c)_ 6 9% 9% 9% — i,
65’, 44% Woolworth (2.40)... 17 46% 45% 45% — %
47 32% Worthington Pump. 7 34', 33% 34 — %
76 68% Wrigley W Jr (T3)_. 5 67% 67% 67% -1%
62% 48% Yale&Towne(t60c) x 2 53% 53 53 + %
37% 20% Yellow Tr & Coach.. 57 26% 25 25 — %
142 113 Yell Truck pf b3% .. 60s 127% 127% 127%
.46% 37% Young Spr&W(T3). 1 39% 39% 39%
101% 75% Ygstn S&T <b75c)._ 26 85% 83% 83% -1%
40% 31 Zenith Radio (bl)... 6 34 33% 34 + (, I
9% 5% Zonite Products_ 7 5% 5% 5% + y, I
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M- 180.000 12:00 Noon_ 320.000
’ 1:00 P.M- 420.000 2:00 P.M..._ 490^000 I
Total Sales for the day, 620.000
Dividend rates as Riven in the above table are the annual
cash payments based on the latest quarterly or half-yearly dec- '
larations.
sUr.lt of trading less than 100 shares. (Annual rate— !
not Including extras. a Paid last year. b Paid this vear :
d Companies reported in receivership or being reorganized
x Ex dividend. ' j
U.S. BOND HOLDINGS
OF BANKS DECREASE
Bj the Associated Press.
NEW YORK, June 9.—Government
bond holdings of Federal Reserve
member banks in leading centers de
clined further in the week ended
June 2. Changes, however, were
mixed, New York banks buying sub
stantial blocks, while Middle Western
members—notably in Chicago and
St. Louis—W'ere heavy sellers.
The sales were explained in finan
cial circles as the result of a desire
on the part of these institutions to
take up some of the new Federal loan,
which was to be sold on a more at
tractive basis than old issues were
quoted.
Direct obligations of the Govern
ment owned by members in L01 cities,
reported by the Reserve Board, com
pared as follows:
Week ended June 2_$8,287,000,000
Previous week_. 8,308,000,000
Same period last year.. 8,909,000,000
-• —
PRIVATE CONSTRUCTION
MAKES BETTER SHOWING
E5 the Associated Press.
NEW YORK, June 9.—Percentage
of private construction business on the
books of G. A. Fuller Co. is larger now
than at any time in the last three
years, L. R. Crandall, president, told
stockholders at annual meeting.
Although Government building is
still the largest portion of the com
pany’s bookings, the increase ia
private building during recent months
Is a favorable sign, be said.
Federal Buying
Continues to Aid
Butter and Eggs
the Associated Press.
CHICAGO, June 9.—Government
agents continued buying butter and
eggs for relief distribution in markets
at Chicago and New York today.
The Federal agency bought 50 tubs
of butter grading extras at 3012 cents
a pound at New York, 533 tubs at
30?4. 600 tubs at 31, 100 tubs of 90
score at 30, 150 tubs at 29% and 100 !
tubs at 29 Vi, a total of 1,533 tubs in I
the East.
Egg purchases at New York included
2,050 cases of standards at 21 Vi cents
a dozen, 150 cases at 21%, 150 cases at
21 Vi. 100 cases of firsts at 20 Vi and
100 cases at 20, a total of 2,550 cases.
In Chicago, 300 tubs of butter extras
were purchased at 30 cents, along with
one car of fresh graded firsts eggs at
18% cents.
• — -.. -
REGISTRATION STATEMENTS.
By the Associated Press.
Registration statements filed today with
the Securities Commission included:
Globe Steel Tube Co.. Milwaukee. $788.
01 o of no oar value common stock, for
retirement of 0 per cent first mortgage
sinking fund bonds of lfW7. Underwriters.
C. O. Kalman and the Chicago Com.
Richard Mining ft Developing Co.. Mon
treal, Canada. $1,250,000 of $1 par com
mon stock, for purchase of stock in sub
sidiaries. development and working capital.
Underwriter. Ross Daniels. Ltd.
FREIGHT LOADINGS.
NEW YORK. June 9 c/Pi.—Revenue
freight car loadings on railroads reporting
today lor the week ended June 6 included:
Previoul Year
June 5. *-eek. ago.
Norfolk & West.. 24.341 27.884 23 490
Penniy_108.723 123.238 101,732
DOLLAR GOES DOWN
IN LONDON DEALINGS
Bs the Associated Press.
LONDON, June 9.—United States
dollars were offered against gold pur
chases in the foreign exchange market
today. The American unit closed
4.9334 to the pound, a net decline of
one-ha If cent. The pound sterling in
New York over night w'as $4.93 9-16.
French francs were 110.91 to the
pound in final dealings, against 110 84
yesterday.
PARIS. June 9 UP).—Rentes, 3 per
cent, 60 francs; 4*2s "A,” 66.05; 4t.2s
of 1937. 90.00.
Exchange on London, 110.89. The
dollar was quoted 22.46Vj.
$1 EXTRA TO BE PAID.
NEW YORK, June 9 (*>).—American
Shipbuilding Co. of Cleveland declared
an extra dividend of $1 and another
of 50 cents on the common stock.
The extra is payable June 26 to stock
of record June 18, and the 50-cent
payment on August 2 to stock of
record July 15 out of earnings of the
current fiscal year. Company paid a
quarterly dividend of 50 cents on
May 1.
---•
BOSTON WOOL MARKET.
BOSTON, June !l ijn.—'United States •
Department of Agriculture, i—Only a few
scattered saics were closed on territory
wools today. Spot business was confined
largely to purchases of moderate quantities
for nieclng-out purposes.
The bulk of current mill requirements
was filled by deliveries of contracted wools.
Spot good Trench combing length fine
territory wool In original bags brought 95
87 cents scoured basis for small quantities
A few orders were reported filled in Texas
it around 92-93 cents scoured basli. de
livered East, for good J.2-month wools.
I i
AT END OF SESSION
Specialty and Shipbuilding
Issues Gain—General
Market Down.
Stock Averages
3(1 15 15 «o
Indus. Ralls. Util. Stks
Net change. —5 —.4 —.3 —.3
Today, close 92 6 42.9 41.6 67.3
Prev. day... 93.1 43.3 41.9 67 7
Month ago. 91.2 45.0 42.4 67.3
Year ago... 83.0 35 2 48.0 62 2
1937 high...101.6 49 5 54.0 75.3
1937 low- 88.5 37.8 40.9 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.1
BY VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK. June 9.—Although
Wall Street's will appeared paralyzed
by strike news today, traders found
energy to bid up specialties and ship
building issues fractions to a point
or so.
Declines of fractions to around a
point for the general list reflected con
tinuance of the seven-State steel
strike, the power strike in the Saginaw
Valley of Michigan and threats of a
strike in the silk industry, brokers
said.
Stocks started narrow, rose unevenly
and then paced back. Frequently dur
ing the afternoon the stock ticker
sputtered to a complete stop.
Transactions totaled about 650.000
shares.
Equities buffeted with United States
Steel, Republic, Yellow Truck, Wool
worth. Deere, Douglas Aircraft, West
ern Union, Consolidated Edison, Ken
necott. International Nickel, General
Electric, Du Pont, Shell Union. New
York Central. Southern Pacific. Balti
more & Ohio. Nash-Kelvinator and
Great Northern preferred. Bush term
inal debenture stock was down
about 6.
Stocks that found friends were
United States Rubber, Spiegel, Ameri
pan Telephone. Anaconda, Standard
Oil of New Jersey, Texas Corp., At
lantic Coast Line, Lone Star Cement,
Celanese. Westinghouse Airbrake, ,
Proctor & Gamble, Champion Paper
and Coca-Cola.
NEW YORK COTTON
L> the Associated Press.
NEW YORK, June 9.—Cotton brok"
below the 12-cent level today.
Generally favorable crop progress
during the week as reported by the
Weather Bureau brought in renewed
Wall Street, commission house and
foreign selling to carry prices to new
low ground for the movement. All
positions through January eased bp
low 12 cents after encountering mo
mentary resistance at that level.
October broke from 12.27 to 11.95
and was within a point of the low in
midafternoon, when prices were gen
erally 18 to 24 points net lower.
Futures closed steadv 13 to 20 lower
High Low Close.
July . 12.27 11.03 11.30
October 12.27 11 03 12 02
December 12 20 11 02 11.30
January . 12 23 1 1.34 1 1 B»
Ma-ch 12 20 12.02 12.07
Mav 12 32 12 07 12.12
Spot quiet, middling 12.49.
Cottonseed Oil.
Bleachable cottonseed oil future?
closed easy, 4 to 9 lower: sale*, 177
contracts: July, 9.56; September. 9 59;
October. 9 55b; December, 9.51a9.52;
January, 9.53b. b—Bid,
New Orleans Prlets.
NEW ORLEANS. June 3 2P'.—Cotton
opened steady today at net advances of ;t
to 4 points in a technical reaction from
the sharp decline of earlier in the wteek
Liverpool cables were better than due
and shorts covered moderately in the early
trading.
July opened at 12.14' October, 12 23:
December, 12.31: January, 12.33; March.
12.38. and May. 1 2.In
After the start some additional support
was encountered and ai the end of 111*
first half hour active positions were 4 to
6 points above the previous close.
CHICAGO GRAIN
Br the Associated Press.
CHICAGO. June 9 — With thl
United States Government June cro;i
report expected tomorrow acting as
a restraint, price setbacks from earlier
sharp gains characterized wheat trad
ing late today.
An opposite late factor, though, was
notice taken of an unofficial trade
statement that 5.000.000 acres of
wheat in Saskatchewan. Canada,
would not average five bushels an acre
yield. The tenor of various domestic
weekly State crop reports today wrj
generally favorable
At the close wheat was 3B to 1 cent
above yesterday at thp finish. July
1.095b-34, September 1 093R-'_; corn
’« off to 1'4 up. July 1.16*4-1.17,
September 1.03*4-1.04, and oats vary
ing from >4 decline to >2 rent ad
vance.
WHEAT— Open. High. Lew. Cln*f
July l.to t ip, ton l.on5,-*!
Sep. Mo', l ip, l.os’, 1 op*,-!,
Dec. .1.117, 1.12*8 1.10*4 l.ll>,2-»i
CORN—
July, new 11S'2 1.18*, 1.15*, 1.16*4-17
July, old 1 M
Sep. . ..1.05', l.O.Vj 1.02*4 1.03*4-04
Dec. _ ,77'i .77*, .74’, .701,-*,
OATS—
July _.40', .40*4 .'10', 4 51« -',
Sep. . .36*, .36*, .35' 2 36',
Dee. .38 .38', .37', .37*,
SOY BEANS—
July 1.48 |,48
Oct. _ . 1.14', 1.14', I 12', 1.13
Dec. _. M2*, 1.141 12', 1.13
RYE—
July.01 .91 .86 87'j
Sep. .8 p 2 .8P2 .77'4 .7«*,
Dec. .82 .82 ,78'2 .79*,
LARD—
July 12.32 12.33 12.17 12.17
Sep. . 12.60 12.63 12.43 12.45-47
Oct. . _ 12.62 12.62 12.50 12.50
Dec 12.22 12.32 12.10 12 12
BELLIES—
July 16.25
Sep. 16.90
Chicago Cash Market.
Cash wheat, no sales reported; com.
No. 2, mixed, 1.25a25'2; No. 1 yellow,
1.26; No. 2 yellow, 1.24a26; No 3. yel
low, 1.23; oats, No. 2 white, 48’/4&1/i;
No 3 white, 46'ia47'4; no rye; soy
beans, No. 2 yellow, 1.47*4a4S; No.
3 yellow, 1.46'j; barley feed, 67a73
nominal; malting, 95al.03 nominal;
Timothy seed, 4.25a50 cwt.; clover
seed, 23.00a30.00 cwt.
Baltimore Quotationi.
BALTIMORE. June 0 i/Pi.—Wheat. No.
2 red Winter, garlicky, spot, domestic.
1.30.
New England
Fund
Prospectus on Request
A. S. Goilde.n 4k Co., Inc.
Woodward Bldg. NA. 2000
i