OCR Interpretation


Evening star. [volume] (Washington, D.C.) 1854-1972, January 24, 1938, Image 12

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-01-24/ed-1/seq-12/

What is OCR?


Thumbnail for A-12

Gain of 6 Per Cent Scored
in December and Year
Over 1936 Periods.
By EDWARD C. STONE.
Washington’s life insurance agents
piled up a total of $74,396,000 in new
business in 1937, scored a gain of 6
per cent over 1936 and at the same
time doubled the average national rise
of 3 per cent, according to reports
just compiled by the Life Insurance
Sales Research Bureau at Hartford,
Conn.
In December alone the National
Capital recorded a gain of 6 per cent
over the corresponding month in 1936,
while the country as a whole suffered
a letdown of 6 per cent in new busi
ness, The final figures reveal that
new ordinary life insurance written in
the entire Nation in the full year to
taled $7,238,894,000 and in December
$634,470,000.
These impressive figures do not in
clude group insurance. The reports
by months had indicated that Wash
ington would exceed 1936 by r sub
stantial margin, but the final total
was larger than anticipated. In the
closing months of the year the Capital
made a better percentage showing than
Boston, Chicago. Cleveland, Detroit.
Lo6 Angeles, New York, Philadelphia
or St. Louis.
Maryland Business Soars.
Maryland had a remarkable insur
ance year. December business was 21
per cent better than a year ago and to
taled $9,671,000 and for the 12 months
was 6 per cent ahead of 1936. with
policies totaling $100,353,000. with 68
per cent of the companies doing better
than in 1936.
Virginia likewise had a big year.
New business, amounting to $8,200,000
in December, was off 1 per cent. How
ever, the total of $90,385,000 for the
full year was 4 per cent above the
1936 mark.
West Virginia was 3 per cent ahead
for the year with a total of $63,500,000
in new policies. North Carolina was
also 3 per cent ahead for the year,
doing more than $100,000,000 in new
business. South Carolina made a 4
per cent gain over 1936 by writing
$48,392,000 in 1937.
Lacey Announces Committees.
Complete membership of the com
mittee arranging for the 33d annual
banquet of the American Insitute of !
Banking, at the Willard Hotel, Febru
ary 19, was announced today bv
General Chairman Robert H. Lacey
as follows:
L J- Roberts, Riggs National; Rich
ard A. Norris, Lincoln National; T.
Hunton Leith, Security Savings &
Commercial, and Walton L. Sander
son, Hamilton National, vice chair
men; Margaret P. Hayden. Columbia
National, secretary; John M. Christie,
Riggs National, treasurer; chairmen
of subcommittees are Raymond L.
Jones, National Metropolitan, audit;
Alice H. Whitton, First National of
Alexandria, dance; Francis E. Robey.
Bank of Commerce & Savings, deco
rations; G. Elmer Flather, Union
Trust, dinner; Frank M. Perley, Amer
ican Security & Trust, entertainment;
Paul J. Seltzer, American Security &
Trust, finance; George M. Rowzee,
jr., Lincoln National, invitations; Au
brey O. Dooley, Hamilton National,
publicity; J. Earle McGeary, W. B.
Hibbs & Co., seating; Myrtle'P. Lewis,
Liberty National, women's.
Members of the General Committee
are Kenneth Birgfeld, Marguerite Det
terer, James C. Dulin. B. Bruce
Frantz, Henry F. Kimball. American
Security; William F. Russ, City Bank;
Mildred E. Rowzee, Hamilton; W. T.
Vandoren, Liberty; James A Soper,
Robert E. Lee. Lincoln; William M.
McClure, McLachlen; G. Crawford
Turnbull. Morris Plan: Thomas J.
Cronin, Munsey Trust; Rutherford J.
Dooley, National Bank of Washington;
George B. Earnshaw. Metropolitan;
Neal W. Wells, National Savings;
Louis F. Corea, Constance D. Jones,
G. Edward Foreman, Frances E.
Nagel, Stephen O. Porter. Frank U.
Rodger. Riggs; Stuart S. Ogilvie, Sec
ond: Ruth I. Gordon, Security Sav
ings; J. Wesley Clampitt, Harry F.
Harding, William C. Miller, Union
Trust; Edward M. Blaiklock, Leona E.
Draeger, J. Kennedy Irelan, Herbert
D. Lawson, Washington Loan; Robert
G. Whitton and E. Wallace Schreiner,
First National. Alexandria.
Paint Club Elects Bachman.
J. W. Bachman of the W. R. Win
slow Co. was elected president of the
Washington Paint Salesmen's Club at
the annual meeting held at the La Pay
ette Hotel. He succeeds Clarence L.
Gilbert. Other officers include:
Lloyd R. Sauer, Sherwin-Williams
Co., vice president; W. Prank Summy,
secretary; Robert R. Kenyon, Fries,
Beall & Sharp, treasurer; John F.
Horne of W. R. Winslow Co., Manning
Dyer of Dyer Bros., Arthur Kettner
of the Winslow company and J. P.
Hopkins, Hugh Reilly Co., directors.
Appointment of a fair-trade prac
tices committee was authorized to co
operate wdth similar committees in
other organizations in the industry
and especially to promote fair-trade
practices in the Washington area. The
new directors will meet with the pres
ident next Friday.
Bankers Visit Baltimore.
Washington sent a large delegation
to the annual banquet of Baltimore
Chapter, American Institute of Bank
ing. Saturday night, including: James
C. Dulin, Jr.; Joseph R. Fitzpatrick,
Joshua Evans, jr.; William Bowie,
Prince Georges Bank; Walter Bogley,
Bank of Bethesda; R. Earle Haycock,
William H. Laughlin, president of
Washington Chapter: Myrtle P. Lewis,
J. Earle McGeary, Chester E. Morrow,
Frank M. Perley. I. J. Roberts, Walton
L. Sanderson, Beale Sasscer, Paul J.
Seltzer, George S. Sloan, George O.
Vass, Wilmer J. Waller.
Frank R. Curda, president of the
national organization, was present and
William A. Irwin, assistant educa
tional director of the institute, was
the guest speaker. He made one of the
best addresses on record, Washington
bankers declared today.
Heard in Financial District?
Honors won by two Washington in
surance men, R. M. Plake and.C. C.
Potter, are announced by the North
western National Life Insurance Co.,
Minneapolis, for the volume of new
insurance written in 1937.
Harriman & Keech are opening a
branch office on the S. S. Normandie
for the duration of its South Ameri
can cruise from February 5 to Feb
ruary 27.
Service National Life Insurance Co.
has been permitted by the S. E. C.
to withdraw its registration, state
ment filed under the Securities Act.
'Eight sales of Mergenthaler Lino
type stock were recorded on the
Washington Stock Exchange today, 75
shares changing hands at 23 V2 and 25
at 23%. The stock closed last week
at 34. Today’s final bjfl was 23, with
24 asked. 1
k
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE!
By Private Wirt Direct ta The Star.
2:30 p.m.
Prev. 1937-8 Stock and Sales— Net
High. Low. Dividend Rate. Add 00. Hi*h. Low. Close. eh*e.
65 36 Abbott iaab (1.80a). 2 38 374* 374* - 4*
85 434* Acme Steel (4)__ 1 98 48 - 48 -4
224* 71* Adams Exp (.60g)_. 9 1014 10 1014+ 1*
284* 171* Adams-Alillls (2a)_. 1 20V* 2014 20V* - 1*
36 161* Addressog (1.40)... 3 23 22V* 2214+ 1*
801* 441* Air Reduction <la)_ 5 551* 55 55%-%
5V* Vj Air-Way El Appl... 12 1 1 1 - V*
154* 8 Alaska Jun (,60a)_ 26 124* 121* 121*
54* 1 Alleghany - 14 11* 1% 11*+ 1*
69** 11 Alleg rf S30 wwr ... 6 134* 131* 134*- 4*
454* 13 Alleghany Stl 1.60.. 7 20 191* 20 - V*
27T* 61* Allen Indus (1) ... 2 914 9% 9V* — 4*
2581* 145 Allied Chem & D 6a. 2 1691* 169'* 169'* -1'*
3*'* 10 Allied Mills <2g).__ 2 134* 13% 134*
211* 6V* Allied Stores _ 10 8 74* 7** — %
83'* 34 Allis-Cbalni(S.50g). 11 48 46'* 47** +1
39*» 81$ Alpha Portland <1). 4 12'.* 12** 124,- t*
1147* 611* Amerada (2) 3 65'* 64% 651* +1
41% 10 Am Bk Note (,25e). 1 141* 14't 14'*- 1*
75V» 49:* Am Bank N pf (3).. 210s 611* 60 511* -IV*
804* 2k Am Brake Sh 3.40g. 4 391* 38'* 38% -1
121 69 Am Can (4') . _x 4 81 80'* 81 +114
71 15% Am Car & Fy < Vi*). 1 24 24 24 -1*
33% 11% Am Chain (1.50r)._. 21 16 164* 154* - 1*
150 86 Am Chain pf (5) ... 1 1001* 100>* 1001* + 4*
30% 8% Am Cornel Alco ,50g 1 12% 12% 12% + V*
131* 2 Am Encaustic Til .. 3 4V* 4V* 4% - V*
134* 21* Am & Foreign Pow_. 4 4 4 4 + 1,
21 7% Am Hawilan SS la.. .1 11'* ill* 1114 — %
11% 21* Am Hide & Leath... 1 3% 34* 3%
524, 32V* Am Home Pr 2.10a.. 2 36 36 36
1<'*» 5% Am International... 2 7 6% 64* — %
581* 14'* Am Locomotive..._ 9 19% 19 19s* + •%
68% 24% Am Metal (3g) _ 4 33% 33% 33% - %
31% 26 Am News Del 1.75g. 60s 27V* 27% 27%+ 1*
161* 3 Am Pow & Lt 23 5% 5% 6%
72% 26 Am P&L $5 4.6844g. 2 28% 28 28 -1%
87V, 31 Am P&L $6 5.62 %g_ 3 34% 34 34 -1%
291* 9V* Am Rad & St S(.60). 40 13% 124* 124,-%
45% 15% Am Rolling Mills... 12 21% 21 21%+ V*
68 24% Am Shlpbldg (2)... 140» 33 31% 33 +1%
1054* 41 Am Sm & Ref (75e). 18 62 50% 62 +1%
148 125 Am Snuff pf (6)_ 10s 130% 130% 130% + %
«3% 22% Am Steel Fdy (2)_ 25 30V* 29% 30V* + V*
26% 7% Am Stores_ 2 11 11 n — %
66% 24 Am Sugar Ref <2)__ 6 28 28 28 -1
187 140 Am Tel & Tel (9)- 16 146% 1454* 146% +1
99 57 Am Tobacco (5)_ 1 67% 67% 67%
997i 684* Am Tobacco B (5).. 1 68% 68V* 68% -1
20V* 4% Am Type Fdrs_ 11 7% 6% 64*- %
29% 8 Am Watr Wksl.SO). 22 11% 10% 11%+%
144, 3% Am Woolen_ 1 4% 4% 4% — %
79 25V* Am Woolen pf_ 6 29s, 29% 29% — %
20 3%AmZincL&S_ 14 7% 7% 7% + V*
69% 24V* Anaconda Cop 1.75g 98 33% 32% 32% + %
24% 10 Anchor Hock G .60a 1 17 17 17
37V* 7 Andes Copper ,50g_. 1 15 15 15
46 22 Arch-Dan-M (2)_ 2 29«, 29% 29% — Vi
13% 4s, Armour (111) .7Ug.„ 20 64, 6% 6%
70V, 30 Armsir’g C’k 2.60g.. 8 37% 37 37% - %
944* 32% Atch T & S F <2g)._ 4 37% 37 37%
104 66 AtchT&SFpf (5). 3 69 68% 68%-%
37 18 Atlantic Refln (1)_ 9 20% 20% 20%+ V*
18% 7% Atlas Corp (.80)_ 1 8H 8% 84, - %
94 38 Atlas Powder 3.75g. 1 45 45 45 - %
18% 4% Atlas Tack (,50g)_ 17 7 7
36% 3% Auburn Auto__ 6 6 6 5
9% 2V* Aviation Corn__ 4 4% 4% 4%
23% 5 Baldwin Loco ct__ 4 8% 8% 8% + %
40% 7% Balto & Ohio__ 19 9% 9% 9% - Vi
47% 9% Balto & Ohio pf_ 4 11% 11 11
48% 10% Barber Co (1«)- 5 16% 16% 16% + V,
35% 10 Barnsdall (1)- 12 14% 14% 14% - %
20V, 9% Bayuk Cigar (.75a). 2 11% 11% 11%-%
28%- 13% Beatrice Cr (la) ... 2 17V, 17 17 - %
30% 8% Bendix Aviatlon(l). 6 13% 13% 13%
21% 15 Beneficial Loan(2g) 4 17% 17% 17% + Vi
105% 41 Beth Steel (5g)_ 95 63 61% 62 - %
129% 85% Beth Steel pf (7)... 5 96% 95 95 —2
29% 9 Blaw-Knox(1.20g)10 13% 13 13% - %
49% 16 Boeing Aero (.40g)_ 49 33% 32% 32%
48% 21 Bohn Al&Br (4g)_ 1 28% 28% 28%
98 76% Bon Ami (A) le_ 60s 88% 88% 88% +1%
28 16 Borden (1.6U)_ 7 18% 18% 18% - %
50% 22% Borg-Warner (2a).. 9 26% 25% 26% ■+■ %
35% 15% Bower Holler B .50e 3 19% 18% 19%% %
21% 7 Bridgep't Br .75g—. 4 9% 9% 9% + %
69% 18 Briggs Mfg (4g)... 5 23% 23% 23% - %
47 28 Bristol-My (2.40a).. 1 32% 32% 32% -1%
63 7 Bklyn-Man Transit. 7 11 10% 11
102% 21 Bklyn-Man pf (6)_ 1 31 31 31 -1
8 1 Bkiyn & Queens__ 1 2% 2% 2%
50 34 Brown Shoe (3)_ 1 41 41 41 -f %
24% 6 Brunswick-B (lg).. 1 8% 8% 8% - %
14% 2% Budd Mfg _ 7 5% 5% 5%
98 35 Budd Mfg pf- 20s 47 46% 47 +1
13 2% Budd Wheel (,20g)_. 2 5% 5 6
66% 24% Bulora Watch (4) .. 4 30 29% 29% + %
18% 5% Burlington Mills! 1) 5 8% 8% 8% — %
35% 15 Burr's Add M .20e . 17 18% 18 18 — %
11% 1% Bush Term (r) 13 3 3
18% 6% Butler Bros (.60)_ 3 7Vi 7% 7% — %
36% 16V, Butler Bros pf( 1 %) 2 20% 20% 20% — %
9V* 2% Butte Copper(.lOg). 14 3% 3% 3% — %
33% 6 Byers & Co 1 10% 10% 10% + %
34% 12% Byron Jackson'fie.. 1 18% 18% 18% — %
48% 18% Calif Pack (1.50a).. 3 23 22% 23
6% 1 Callahan Zinc ... 14 2% 2 2% — %
20% 4 Calum & Hec 1.10g_. 9 9% 8% 9
37% 10 Campbell Wy (1)... 2 14% 14% 14%
38% 9% Canada Dry G Ale.. 8 17% 17% 17% + %
17% 6% Canadian Pacific ... 23 7% 7% 7% + %
35% 13% Carpenter Stl 1.85*. 3 18 17% 18 +1
191% 79 Case (J 1, <6g)_ 6 94% 92 94% +1%
100 40 Caterpillar Tr (2a). 5 50% 49% 50% -1%
41% 13 CelaneseCorp _ 20 16% 15% 16% — %
48% 19% Celotex Corp 1.20g.. 1 22 22 22 — V,
12% 2 Central Foundry 14 4 4+1*
24% 4 Cent Violeta ( 50g). 1 6% 6% 6% — %
86% 34% Cerrgde Pasco(le). 7 41% 41 41%
23% 3% Certain-teed . 7 7% 7% 7% — ^
82 18% Certain-teed t% pf. 130* 28% 28 28
63% 25% Champ Pap & F (2). 1 29 '29 29
111 103% Champ P & F pf<6)_ 10* 104 104 104
48 5 Checker Cab Mfg—. 1 11 11 11 + %
90% 40 Chesap Corp <3a)... 1 43% 43% 43% - %
68% 31 Ches & Ohio ,7f>e ... 9 36V, 35% 36% '
3% % Chi M St P& P (r).. 4 % % %
7V, 1% Chi M St P*P pf(r). 2 1% 1% 1%
33 6% Chi Pneu Tool _ 8 11% 11% 11% — %
10% 1%CRI&P7% pf (r). 1 2% 2% 2% + %
22V, 12 Chic Cotton Oil_ 1 15 15 15
15% 3 Childs Co _ 1 5% 5% 5% + ^
115% 46% Chrysler Corp 10*_ 125 59% 57% 58%+ %
92 57 City I & F pr (6%). 30s 65 65 65 -1%
113 102% Clev Ei lllu pf<4%) 50» 109 108% 109 +1%
41 24% Climax Molyb 1.70* 1 37% 37% 37% — %
29% 13V* Cluett Peabody (1). ' 5 14** 14% 14%
170% 93% Coca-Cola (3a) _ 2 121% 121% 121% — %
25s* 8% Colgate-F-P <.50)__ 1 10% 10% 10'*— %
104% 92 Colg Palm pf <6)_ 1 94 94 94 +1%
62% 18 Collins & Aik <5g)_„ 4 25% 25% 25%+ %
51% 11% Colo Fuel & Ir <lg). 2 17% 17% 17% _ u
27V* 5% Colo & South 20e 7% 7% 7%
30 8 Colo & South 1st pf 10s 9 9 9 -2
32 16% Colunf B C(A)1.95*. 3 20*, 20% 20% - %
20% 4% Colum G & El 45g 39 8V* 8 8% + ^
39% 10 Colum Piet vtc (1).. 1 13% 13% 13%
125% 65 Col Carbon < 4a)_ 2 70% 70 70
69V* 30% Cornel Credit <4a)„ 5 36 35% 36 — u
21V* 5 Cornel Solv (.60)_ 4 8% 8% 8%
4 Vi 1 Comwlth&Sou 70 1% 1% ]%
75% 34 ComwIth&So pf 75k 4 38 37 37 —1
45% 20 Congoleum-Nrn(2> 1 24 24 24 — %
33% 8 Consol Aircraft .50* 20 17% 17% 17%
49% 21% Consol Edison (2)._ 25 23% 23 23
108 92 Consol Edis pf (5)_ 1 94 94 94
5% 1 Consol Film _ 6 1% 1% 1% + %
13% 3% Cons Laundries__ 1 5% 5% 514
17% 7 Consol 011 (.80)_ 10 10 9% 9% - %
10‘* 2% Consol RR Cuba pf_ 7 6'% 6% 6V* - %
37** 10% Container (1.20)- 4 16 15% 16 + V.
37% 7% Conti Baking A- 7 15% 15% 15%+%
5V* 1 Conti Baking B_ 6 2% 2% 2%
69% 37% Conti Can (.50e) __ % 13 42% 41% 41% — %
108% 106% Conti Can pf (4.50). 1 109% 109% 109% +1
25% 5% Conti Diamond _ 2 9% 9 9% + 4*
42% 23 Conti Ins (1.60a)- 5 30% 30% 30% - V*
3% % Conti Motor 4 1% 1% 1% _ 44
49 24 Conti Oil (Del ,25e.. 7 31% 30% 30%-%
71% 60% Corn Prod (3)_ 1 63 63 63 . — %
10% 3 Coty <.10g) 4 4% 4% 4% _ %
58% 22 Crane Co (lg) - 8 24% 24% 24% - V,
37 21 Cream ofWheat .50e 1 23% 23% 23%+ %
8%Crosley Radio ... 2 9% 9% 9% +4%
100% 28V* Crown Cork (2) _ 1 37 37 37 _ %
26V* 8% Crown Zeller (.25e). 2 11 11 11 + %
81% 21 Crucible Steel- 13 39% 38% 39%-%
17% 3 Cuba R R pf - 80s 9% 9% 9% + %
14% 2% Cuban-Am Sugar... 1 4% 4% 4%
127 70 Cub-Am Sg pf(18g) 60s 75 75 75 -6
20% 4 Curtis Pub -. 2 7 7 7
109% 39 Curtis Pub pf (Ik).. 1 47% 47% 47% -1%
8% 2 Curtiss-Wright 39 4% 4% 4%
23% 8% Curtiss-Wr(A) .60* 17 17% 17 17 — %
27 18% Cutler-Ham (,25g). 5 21% 21 21 — %
24 12% Da vega St pf (1 % ). 1 15 15 15 + %
19% Deere & Co 67 23% 22% 22%-%
31% 20% Deere & Co Vf <1.40). 1 24% 24% 24%—%
24% 5 Del Lack & W __ 4 7% 7 7%
22 5 Detroit & Mac_ 20s 4% 4% 4% -2%
76% 29% Devoe* Ray A(3a). 1 33% 33% 33%
36% 18% Diamond Match (1). 1 26% 25% 26% — %
23 - 5% Diamond T Mot (1). 2 8% 8% 8% + %
29 10 Dlst Corp-Sea* 50*. 3 14% 14% 14%
46% 16% Doehler Die 12*)_ 4 20% 20% 20%—%
67% 35 Dome Mines (le)_ 11 56% 66% 66%—%
“7% 26% Douglas Aircraft_ 27 44% 43% 44 + H
159% 79% Dow Chem (,75e)_ 1 93 93 93 - %
55 21 Dresser (A) 1.50g__ 1 21% 21% 21% - %
180% 98 Du Pont de N 6.25*. 16 116 115 115 -%
17 2% Eastern Roll .. 3 6% 6% 6% + %
198 144 Eastman Kodak(8a) 2 163% 162% 163% - %
16 2% Eitlngon Sch .. 2 4% 4% 4% — %
45% 14% Elec Auto L (2.60*) 6 19% 19% 19%-%
16 3% Elec Boat (.60*) 60 10% 9% 10%-%
7V. 3% El & Mus lnd<19*). 8 3% 3% 3%
26% 6% Elec Pow & Lt .. 17 11% 11% 11%+%
44Vj 22 Elec Stor Bat 2%g . 2 28% 28% 28%-%
115% 100 Endlcott-Joh pf(5). 50* 105% 105% 105% -1
17% 3 Eng Public Service. 9 4% 4% 4% + %
23% 3 Erie R R _ 15 3% 3% 3% + %
,35% 5% Erie 1st pf _ ,3 6 6 6
34% 6% Evans Products__ 5 9% 9 9 — %
6% 1% Exchange Buffet_ 1 1% 1% 1% + %
71% 23% Fairbanks Mrae(la) 6 28% 28 28%-%.
, 70 26 Fajardo Sugar (4*). 1 31 31 31
41% 16% Firestone TftR .50*. t 23% 23% 23% + %
107% 90 FirestoneT pf(«)._ T 91% 91% 91% + %
< i
2:30 D.m.
Prev. 1937-8 Stock and Sales— Ret
Hlth. Low. Dividend Rate. Add 00. HI ah. Low. Close. eh«*.
6214 2614 First Nat Strs .625e 1 3214 3214 8214
4614 1114 Fllntkote <1)- < 1644 1614 1644+44
914 114 Follmnsbee Bros_ 1 24* 2** 24* + 14
98 80 Food Mach pf (4Vi ). 20* 944* 944* 944* - 14
6414 1114 Foster Wheeler. _ 3 18!e 1714 1814+ 14
3214 18 Freeport Sulph (2). 14 27W 2644 2714 — V*
4814 614 Fuller (GA) 2d of._ 100* 1314 13 1314 + 14
714 114 Gabriel A . 1 214 2'/* 214+14
16*4 3 Galr (Robert)_ 4 4H 44, 414
33 1014 Gamewell __ 20* 1614 1514 1514— 44
19'4 4 Gar Wood Ind(Vi*). 2 6T4 644 6% - 14
8614 3114 Gen Am Tran 3.60*. 3 41>4 4114 4114 — 14
1914 5 Gen Bakin* (.60a).. 4 9 814 9
14 214 Gen Bronze_ 1 414 4'4 4'4 — 44
3214 6'/* Gen Cable - 18 1044 1014 104*
65 1414 Gen Cable A _ 15 21 20*4 21
126*4 66 Gen Cable pf (7g)_. 3 72 71 71 +1
6474 34 Gen Elec (2.20*)_ 56 4244 4114 4244 — 14
44V* 28'4 Gen Foods (2)_* 1 32*. 324* 32*. + 14
. 3*. 4* Gen G & El A_ 0 1<4 114 114
661* 48 Gen Mills (3)_ 1 6474 6414 6 4 74 - 14
70'4 2844 Gen Motors (1.76*). 106 361, 354* 3544 — V4
16’-i 31, Gen Out Adv _ .. 3 514 54* 5H
19 8'4 Gen Print Ink .90*.. 6 9 9 9
6614 17 Gen Ry Signal .25e. 2 22'4 2174 2114 — l%i
6‘* 1 Gen Real & Util_ 6 1*. II4 114- 14
70v. 18 Gen Refract (2*)... 11 264, 54 25 -14,
88 131, Gen Stl Cast pf . 650s 25 23'4 234* -114
33*4 9'i Gen Thea Eq<1.25*) 1 12’i 121, 124 - V*
381, S Gen Tire & R .60*... 3 1274 12'* 124*- t,
2014 8 Gillette Saf R (1)_ 2 10V, 10 10V* + 1*
61'i 1914 Glidden Co (2) _. 2 24'* 2414 24'*+ v*
58l4 43 Glidden cv pf (214). 1 50 60 60 - H4
81* 2 Goehel Brew (,20a). 4 314 314 31* + 14
60', 12** Goodrich (B F) lg . 40 177, 17'4 17s, - V.
87'. 46 Goodrich (BF)pfl 5) I 55 55 55 +1
474, 1S'4 Goodv'r T&R 2.50g 29 21', 21 2144
141 721, Goof’y’r T&R pf (5) 1 85 85 85 -Hi
13'* 3V« Golnam Silk H_ 3 4 314 374 - l»
4'* IV* Graham-Palge_ 101 11* 1*4 IV, + V4
15 3 Granby Consol_ 11 5 5 5
274* 10 Grand Un pf(2.50g). 1 134, 134, 134, + V.
48V, 13 Granite C 8 1.12'i*. 3 16H 16V. 164,— V,
47s, 22 Grant (TV T) l.8Se). 1 264* 26** 26*.
22V4 19'. Grant(W T) pf (1). 2 23 22 28 + 1H
664* 201, Great Northn pf 2*. 16 23 22", 22*4— 14
42V* 23V, Great Wn Sug 2.40a. 3 31*4 31 314,+ 4,
145’, 125 Gt West Sug pf (7). 20* 127 127 127 + 4,
39V, 151, Green (HL) 1.60a.. 1 18*4 1844 18s, — 4,
167, 7', Greyhound (,80a).. 3 9s, 9s, 9**
111, 7s* Greyhound pf (.65). 1 7*4 7*4 744
4*» 1, Guantanamo Su*__ 1 14, 14, 14, — 14
5814 18 Harb-Walker (2)__ 3 224, 22', 224, _ %
8 1V4 Hayes Body _ 11 21* 2t* 21, — V,
394, 11 Hercules Mot (1)... 1 14 14 14
111 83 Hersh cv pf (4a) . * 1 93 93 93 +2
62s* 15'4 Holland Furn(.60e) 2 20', 2014 201* + *,
65*, 39s* Homestake Min 4 Vi- 43 63'-, 62 63 +1
41 21 Houd-Her A (2 Vi)-. 2 23', 2314 23'4 — Vi
*4774 6 Houd-Her B (1V*)_. 6 10'* 1014 10V, — V4
73 44 Household Fin (4aT. 3 501* 50 5014 + 14
17 s, 4s* Houston Oil _ 19 74. 7*, 7**— v*
90'/, 37 Howe Sound (3a) .. 1 47 47 47 -114
23'.* 4 Hudson Motor .25*.. 15 874 8s, 8H — 14
414 11, Hupp Motor __ 8 II4 14, m (
38 8 Illinois Central ... 9 104 10 10—4
474 15 Indust Rayon(.25e) 6 21 204 21 — 4
144 72 Insersoll Rand(6g). 2 76 754 75Vi +1
143 132 Insersoll R pf (6).. 10s 138 138 138
1314 58H Inland Steel (4)_ 3 74 73 73 —14
33 4 64 Inspiration Copper. 25 134 134 134 + 4
134 14 Interboro Rap Tr 2 44 44 44 —4
644 20 Interchemical Corp. 3 22 214 214
284 6 Interlake Iron .65*. 27 124 114 124 + 4
94 2 Inti Agrlcul _ 3 34 34 34
189 1274 Inti Bus Mach (6a). 1 1544 1544 1544 +14
120 534 Inti Harvest (2.50). 8 65 644 644 * 4
164 3 lntl Hydro-Elec A— 9 64 64 64 + 4
154 14 Inti Mer Marine _ 2 44 44 44 —4
184 6 Inti Mining (.90*).. 15 114 11 11
734 37 Inti Nickel (2a) 68 504 494 60 — 4
194 64 Inti Paper & Power. 9 84 84 84
684 294 lntl Pap & P pf (5). 11 354 35 354 + 4
10 24 Inti Ry Cent Am . 130s 54 54 54
574 34 Inti Ry C A pf (5g). 60s 47 464 464 -4
284 194 Inti Salt (1.50a)_ 1 21 21 21
494 30 Inti Shoe (2)_ 2 354 35 35
154 4 Inti Tel & Tel_ 9 64 64 64 - 4
84 64 Inti Tel & T for ct.. 3 74 74 74 -4
155 654 Johns-Many (3a>... 9 77 76 77
126 120 Johns-Manv pf (7). 90s 123 122 122 —1
136 644 Jones&Lau pf 5.25g 10» 74 4 744 744 - 4
46 154 Kalam Stovef ,25e). 1 19 19 19
35 15 Kaufm'n Dep S .40 . 3 171+ 174 174 %
274 13 Kayser( Julius).25e 1 134 134 134 + 4
194 4 Kelsey-Hayes B_ 2 64 54 54
1094 80 Kendall pf (6a)_ 70s 85 85 85 -2
694 284 Kennecott (2a) 49 39 374 39 +14
204 54 Keystone Steel & W 5 84 84 84 1- 4!
354 ll Kinney pr pf (,50g). 30s 154 15 154 — 4 I
294 154 Kresge (SS) (1.20). 1 174 174 174 - 4 !
24V* 14 Kroger Groc (1.60). 2 17V* 17 17
24 104 Lambert Co («4e) . 2 12 12 12 — 4
614 14 Lehigh Port C(.23e) 2 174 174 174
34 4 Lehigh Valley Coal. 11 1 1
244 44 Lehigh Valley R R.. 2 54 54 64 —4
434 224 Lehman Corp (1) ... 1 264 264 264 + 4
214 8 Lehn & Fink (14).. 1 10 10 10-4
684 23 Lerner Stores (2)... 1 264 264 264 — 4
79 334 Lib-Owns-Ford(4g) 18 384 38 384 + 4
154 5 Lib McN'&L(1.40g). 1 84 84 84
1131* 82 Ligg & Myers (4a).. 1 98 98 98 —14
834 18V* Lima Loco (2.50g)_. S 30 30 30 — 4
264 14 Liquid Carbon 1.60. 2 184 184 18V* —14
874 434 Loews. Inc (7.60*).. 9 494 494 494 +4
34 1 Loft Inc_ 18 14 14 14+4
76'* 314 Lone Star Cem(3a). 2 344 344 344 + 4
104 24 Long-Bell A _ 1 4 4 4
434 174 Loose-Wiles (,30e) _ 1 19 19 19 + 4
284 154 Lorillard (P) (1.20) 10 174 17 17 —4
1474 125 Lorillard pf (7) 100s 134 134 134
99 484 Loulsv&N'ash 2.50e 2 514 504 504 —14
414 134 Ludlum Steel(.25e). 6 19 184 184 — 4 I
36 114 McCall Corp (14) . 6 144 144 144 — 4 1
244 74 McCrory Strs(.5(!g) 8 94 94 94 + 4 j
21 11 McGraw Elec (1) .. 1 134 134 134 -4
434 304 McIntyre Pore (2).. 8 424 424 424
424 184 McKeesport T (2)_ 1 23VJ 234 234 — 4
164 54 McKess & Rob id).. 6 74 74 74 + V*
62'* 174 Mack Trucks (la).. 1 224 224 224
584 25 Macy (RH) Co (2).. 6 314 31 314 * 4
214 54 Manati Su pf ei (r). 10s* 9 9 9 +4
164 '44 Man Ry mod gtd(r). 2 74 74 74 — 4
64 14 Maracaibo Oil __ 2 24 24 24
14V* 54 Marine Mid (.40)__ 8 64 64 64—4
304 74 Marshal Field__ 8 84 84 84— 4
294 10 Martin (Glen)__ 13 20 194 20
134 14 Martln-P*rry_ 16 44 44 44 + 4
74 20 Masonite Corp (1).. 1 334 334 334 — 4
414 22 Matbieson Aik 1.65* 1 254 254 254
864 374 Melville Shoe (le).. 1 48 48 48 +4
164 3 Mengel 1 5 5 5 +4
474 164 Mengel 5% pf (24). 70s 20 20 20
72V* 334 Mesta Machine(le). 5 404 404 404 — 4
261* 44 Miami Copper .15*. 10 10V* 10 104 + 4
364 14 Mid-Cont Pet 1.50g. 3 194 19 194 — 4
122 87 Midland Stl 1 pf(S). 60s 1004 100 1004 -1
120 53 Mlnn-Hon Reg(3a). 8 584 55 55 -S
164 44 Minn-Mol Imp 3 64 64 64 + 4
64 4 M StP&SSM LL (r) 100s 14 14 14
34 15 Mission Corp 1.25g. 2 16% 16% 16%+ %
9% 2 Mo-Kan-Texss__ 2 3% 3 3
34% 5% Mo-Kan-Tex pf__ 7 9% 9 9% + %
12% 1% Mo Pacific pf (r)- 1 2% 2% 2% — %
107% 71 Monsanto Ch (3k)-- 1 86 86 86 — %
69 30 Montgom Ward .50e 49 34% 33% 33% — a*
3% % Mother Lode (,45k). 16 % % % — 44
38% 12% Motor Prod (5g) _ 4 18% 18% 18%—%
54 15% Mueller Brass (la). 3 19% 19% 19-%+ %
90 i 50 Murphy (GC) 4a .. 3 55 54% 54% — %
20% 3 Murray Corp(.25k). 2 7 6% 6% — %
24% 5 Nash-Kelv (.12%).. 37 10% 10 10% — %
47% 10 Nash Chat A St L _. 20* 13 13 13 - %
18% 6% Natl Aviation .... 1 9 9 9 + %
33% 17 Natl Biscuit (1.60). 12 20% 19% 20
167 145 Natl Biscuit pf (7). 1 154 154 154 +1
33% 13 Nat B'd A Jnv 1.44a. 10 16% 16% 16%+ %
38% 13 Natl Cash Reg .25e_ 2 17% 17% 17%+ %
26% 12 Natl Dairy P (1.20). 13 15% 14% 14%-%
112% 106% Natl Dairy pf A (7). 10*111 111 111
35 17 Natl Distill (2a)_ 4 20% 20% 20%+%
18% 4% Natl Gypsum_ 80 6% 6% 6% — %
44 18 Natl Lead (%)_ 6 27 27 27 - %
61% 16% Natl Mai A Stl (2).. 1 19% 19% 19%-%
14% 5 Natl Pw A Lt (.60).. 9 7% 7% 7% + %
99V* 55 Natl Steel (2.60a)_ 4 58% 58% 58% + %
26V* 17% Natl Supply (b)..__ 2 19% 19 19%
30 20% Natl Supply *2 pf— 1 24% 24% 24%
12% 3 Natl Tea Co - 1 4 4 4 - %
57V* 22% Neisner Bros (2)... 3 23% 23 23
41% 10% Newport Ind (2g)— 21 18 17% 17%—%
98% 29 N Y Air Brake (2)__ 2 34% 33 33 -1%
65% 15% NY Central ... 46 18% 17% 18 + %
,72 13% N Y Chi A St Louis. 3 17 16% 17 +1%
100 26% N YChl A St L of ... 6 28% 27% 28% +2
31% 18 N Y COmnibs 4.90k 1 26% 25% 25%+%
2 % N Y Investors (r) .. 2 % V, %
26% 4%N Y N H AH pf (r). 2 5% 5% 5%
15% 3 NYShipbldg .. 31 10% 9% 10%+ %
17% 3 N Am Avlatn ,12%« 14 9% 9% 9% + %
34% 14% Nor Am Co (1.60g)_ 46 2014 19% 20 + %
36% 9% Northern Pacific- So 11% 11% 11%+ %
22% 9 Ohio Oil (lg)-— 11 13% 13% 13%
73 24 Oliver Farm- 1 28% 28% 28% + %
26% 6% Omnibus (l.SOg)- 2 12 12 12 + %
45V* 20% Otis Elevator 1.40g. 6 23% 23 23 — %
24% 6% Otis Steel. — 4 11- 10% io% - %
103% 51% Owens-Ill G1.25e__. 75 52% 48% 52
23 9% Pac Am Fish (1.20). 1 10% 10% 10% — %
15% 2% Pac Coast_ 20* 5 5 5
40 7% Pac Coast 1st pf- 10* 16% 16% 16%
32% 10% Pac Finance 1.80a.. 1 13% 13% 13% — %
38 22 Pac Gas A El (2)... -5 26% 26% 26%
53% 34% Pac Lighting (3)... 2 38 38 88 — %
12% 4 Packard Mot(.26g)_ 13 6% 5 5 — %
28% 8% Paramount Piet ._ 23 11% 10% lt
2001a 80% Paramount 1 pf (6). 1 90 90 90 -1
26% 8 Paramount 2 pf(.60) 1 10% 10% 10% — %
34% 18% Park A Tilford (3g) 2 22% 22% 22%-1%
8V. 1 Park Utah (.15g> . 10 2% 2% 2%
44% 28 Parke Davis (.50e). 2 33% 33V* 33%+ %
29% 12 Parker Rust (1.50). 3 19% 19 19 — **
7% 1% Parmelee Trans ... 1 1% i% 1% — %
103% 57% Penney (J C) (4s).. 3 70% 70 70 —1%
60% 20 Penn R R (1.26g) .. 26 22% 21% 21%-%
65% 22 Peoples GLAC (2k). 3 33 32% 32%-%
48% 9 Pere Marquette_ 1 14 14 14 +i%
91 30% Pere Marq pf_ 40a 82 32 32
87 30 Pare Marq pr pf(6). 40a 84% 88% 84%+1
21% 9% Petrol Corp (1.37g). 1 11% 11% 11%
*
2:30 p.m. *
Prev. 1037-8 Stock end Sales— Net
High. Low. Dividend Rate. Add 00. Hlch. Low. Close, ehte.
13k 3 Pfeiffer Brew(.90*) 2 6k 6k 6k - k
69k 18k Phelps Dodge l.«0ff. 14 27k 26k 27k - .H
14 2V« Phlla Rap Tr pf (r). 10s 4 4 4
8k k Phils Read C&I(r).. 2 % H H
96k 66 Philip Morris (3)_ 2 88k 88k 88k + k
64 30k Phillips Pet (2s)_ 30 89k 38k 39k
66 36 Pirelli (1.6* k«>_ 20s 43 43 43 +1
20 4k Pitts Screw ( 65g).. 11 7k 7k 7k - k
45 30 Pitts Steel pr pf .... 20* 41 41 41 - k
29k 13 Plymouth 011 1.40s. 6 18k 18k 18k + k
33k 7 Poor* Co B . .. 1 10k 10k 10k
16k 2k Postal T &C pf <r). 4 4k 4 4 -k
31k 6k Press Stl Car ,25g . 2 9k 9k 9k
31 6k Press St C 1st pf .26 4 9k 9k 9V*
66k 43k Procter & Gam (2). * 1 49k 49k 49k + k
118k 114k Procter&G pf (5).. 140s 118 117 118 +1
52k 30k Pub Svc N J (2.60).. 2 32k 32k 32k
162k 132 Pub Svc N J pf (*).. 10s 141 141 141
72k 26k Pullman (1.60a)_ 10 34V* 34 34 - k
24k 8k PureOil ( 26g»_ 17 12V* 12 12 V* + V*
23k 6k Purity Bak (.60)_ 62 10V* 9k 10k + IV*
12k 4k Radio Corp (,20g)_ 23 6k 6k 6k
80 44 Radlocv pf (3k)_ 48k 48 48k - k
115 96k Radio pf B (5) 1 61 61 61 -32#
10k 2k Radio-Kelth-O <r)_. 2 4k 4k 4k - k
13k 3k Real Silk 1 3k 3k 3k - k
22k 7k Reliable Strs (la) .. 19 9 9
29k 8k Remington Rnd .25* 5 14k 13k 141/* + k
9k lk Reo Motor .. 6 2k 2k 2k
47V* 12V* Republic Steel . 69 19k 19 19k — k
110V* 60 Republic St pfA(6). 1 69k 69k 69k -lk
49k 9 Revere Copper & B. 3 15 14k 14k + k
139 76k Revere Cop pf <7) 20b 84 83k 83k -lk
112 80 Reynolds M pf 5k.. 1 87 87 87
34k 5k Reynolds Spring . 5 9k 9 9 — k
67 65 Reynolds Toh 1.20e * 100s 51k 51k 51k -6k
68 40k Reynolds T(B)1.20ex 21 42k 41k 41k- k
7k 4k Richfield Oil (,25g). 6 7 6k 7 + k
31k 8k Ritter Dental (1) .. 1 11 11 11
20k 18k Roan Antelope Cop. 1 19 19 19 — k
46 18 Safeway Strs (2a) .. 1 22k 22V* 22V*
66 26k St Joseph Lead (2). 6 36k 36 36k - k
51k 22 Schenley DistllKS). 2 24V* 23k 24V* + k
98V* 71 Schenley pf (5k)_ 1 80k 80k 80k
3k k Schulte Ret (r)_ 3 k k k— k
45V* 34k Scott Paper 1.56g... 210* 42 41k 41k + k
2k k Seaboard Air L (r)_ 2 k k k
64k 16 Seaboard 011 (1)_ 3 22k 22k 22k + k
98k 49k Sears Roebuck(3a). 20 62k 61k 62k + k
34 12k Serve! Inc (1). _ 7 15k 15k 15k + k
42k 15 Sharon Steel (1.20). 1 18k 18V* 18k - k
17k 6k Shattuck (FG) 60a. 1 8k 8V* 8k
34k 14k Shell Union Oil( lg). 2 16k 16k 16k - V.
ok 17b Simmons Co(2.2Cg). 3 22b 22b 22b + b
4b 2b Simms I’etrolm .. 1 3b 3b 3b
40b 10 Smith&Cor 1.62%g_ 1 13b 13',» 13b - \
23'* 13 Socony-Vac (,80g) . 39 15b 15b 15b + b
«H lb Sou Am G&P (,20g) 4 2b 2b 2b - b
32b 17b Sou Cal Kdis (lVja). 4 22b 22b 22b
65*. 17 Sou Pacific_ 57 19b 18b 18b - Vi !
43S 9 Southern Ry__ 16 12b 12 12 — b i
9b lb Sparks With _ 10 3b 3b 3b — Vi
23b 10 Sperry Corp 1.20*r_. 31 20b 20 20b - V* !
28b 8b Spiegel Inc (1)_ 14 10b 10 10b
95b 49 Spiegel pf (4b)_ 10* 57 57 57
48b 16 Square D Co <2g)._. 1 19b 19b 19b - Vi
16b 7b Stand Brands (.80). 30 9 8b 9 + b
14*, 2b Stand Gas & El (r)_, 3 4b 4'• 4b
32b 5 Stand G&E pf (r). 7 9b 9 9b
72H 14 Std G&E *7 pr pf (r) 5 22 21b 21b - V*
60 27b Stand Oil Calif (la) 19 32 31b 31b - b
60 26b Stand Oil Ind (la) . 18 34 34 34
43 30b Std Oil Kansas <5g) 2 34 34 34
76 42 Stand Oil N J (lai . 11 49b 48b 49b - V*
48 19b Starrett(LS) 3.50g_ j 25 25 25
75 63b Sterling Prod 3 80a. 1 57b 57b 67b
17b 6b Stokely Bros 1.20g_. 2 9b 9b 9b - *»
33b 6b Stone & Webster_ 13 9b 9b 9b + b
20 3 Studebaker__ 15 6b 6b 6b — b 1
77b 44bSunOil (la) _ 1 57b 57b 57b -2b ,
22b 9 Sunshine Mng (3)_ 11 13 12*» 12b -r S
61b 18 Superheater (.25e)_ 1 26b 26b 26b — b
7b lb Superior Oil _ 3 3 3 3 ii
47b 8 Superior Steel_ 6 15*, 15 15 -1
28b lob Swift & Co (1.20)... 3 17b 17b 17b
17b 4b Symingtn xw(.25e). 2 7b 7b 7b- b
15b 5b Tenn Corp (.35g)... 2 7b 7b 7b + b
66b 34b Tex Corp (2a)_ 22 42 41b 41b - b
9b 2 Tex Gulf Prd(.lOg). 2 4b 4b 4b + b
44 23V* Tex Gulf Sul (2a>3 32b 32b 32b - b
16b 5b Tex PacC&O (.40).. 4 8b 8b 8b + b
15b 5b Tex Pac L'd Tr .20g. 23 10b 9b 10
13b 2b Thermold_ 2 ,4b 4b 4b - b I
8b lb.Third Ave_ 2 2b 2 2 - Si
15V, 4 Thompson (J R)_ 1 5 5 5 — V* |
28b 10 Thomo Prod l.TOg). 3 13b 13 13b - b
10b lb Thompson-Star ... 3 3b 3b 3b
21b 13b Tidewater As (la).. 8 14b 14b 14b '
3:30 p.m.
Prev. 1937-8 Stock »nd Sales— Net
High. Low. Dividend Rate. Add 00. High. Low. Close, ehge.
28% 8% Tlmken-Det 1.60g— « 12% 12% 12% - %
79 36 Timken Roll B( 3a). 8 44% 44% 44% +1%
17 10 Transamerlea (.75). 9 11% 11% 11% — %
22% 4 Transcontl Wn Air. 5 6% 6% 6%
11% 3% Trl-Cont Corp (%g) 14 3% 8% 3% + %
40% 18% 20th Cen-Fox 3.60k. 14 23% 23% 23%+ %
94 36 TwinClty pf (7k)— 20b 42 41 42 +2
26% 7 Twin Coach (.86*).. 9 9% 9% 9% + %
6% 1% Ulen ACo —. ... 1 2 2 2 - %
18% 8% Un BagAP(.12%g) 11 10% 10% 10%-%
111 61% Un Carbide ( *ne) . 17 76% 75% 75% -1%
28% 17% UnOil of Cal (1.20). 6 200. 20% 20%+%
148% 80 Un Pacific (1.50e)._ 11 80% 79% 80 -%
990* 77% Un Pacific pf (4).— 2 78 77 77 -O'*
35% 100* Unit Aircraft (Ik)— 3s 25*4 240* 240*— %
24% 5% Unit Air Lines — 15 7% 7% 7%
91 36o* United Carbon (4).. 1 420* 420* 420* — V*
35 17% Unit Carr Fast (2).. 2 18 18 18 -1
8% 2 Unit Corp (.20g)_— 28 3% 3 3 — %
46% 25% Unit Corp pf (3)_ 4 29 28% 28% -1%
16 5 Unit Drug l.60g)—_ 1 7% 7% 7% — %
26% 6% Unit Dyewood (1).. 2 8% 8% 8%
9% 2% Unit Elec Coal 6 f,% 5% 60* + %
63 24 Unit EngAFy <4g)_. 1 34 34 34
86% 52 Uni. Fruit (3a). 1 64% 64% 64% +1%
IT 9 Unit Gas Imp (1)... 31 10% 10% 10%
16% 3% Unit Paperbd(.30g). 1 5% 5% 5% — %
137 53 U S Gypsum (2a)... 5 64% 64 64%
43% 16% U S Indus Alco ... 1 21% 21% 21%+ %
72% 24 US Pipe A Ey (2)— 6 30 29% 30 +%
19% 3% U S Realty A Imp... 4 5% 5% 5% — %
72% 20 US Rubber.. ... 105 30% 29 29%
118 43% U S Rubber 1st pf .. 29 60% 60 60V* —1
105 62% U S Smelt A R (le). 1 66V* 66% 66% - %
126% 48% U S Steel (lg> _ 125 59% 57% 58% - V.
160 100% U S Steel pf (7) . . 5 112** 111% 112** + %
9’-i 2% Unit Stockyard* .50. 2 4% 4% 4% - V*
8% 1 Unit Stores A .12 2 2
86 47 Univ Leaf Tob (3a). 1 54% 54% 54% + %
164 135 ITniv Leaf T pf (*)_. 40* 143 143 143
4% 0* UtllPALt A (r)—. 7 111
2% % \ adsco_ l 1 i i
89% 9% Vanadium Corp lg_., 7 19% 18% 19%+ %
44% 14% Van Raalta (2.60g). 1 21 21 21 — %
47 35% Vick Chemical (2a). 2 42 42 42
12% 2% Va-Caro Chem - 11 5% 6% 6% + %
74% 18% Va-Car «T. pf l.SOg. 6 31 30% 30%+ %
98 50 Vulcan Detin (6g)_. 20* 52% 52% 62% -4% '
18% 2% Wabash pf A (r)_ 3 3% 3% 3% + %
92% 71% Walgreen pf ww 4% 3 81 80 81 +1
18% 3% Walworth Co (lg)_. 12 7% 7% 7%
18 4% Warner Bros Plct... 8 7 6% 7 + %
12% 2% Warren Bros (r)_ 14 4 4
50% 20 Wayne Pump (2) 1 27% 27% 27%
50 23% Wesson O * S .625*. 1 29% 29% 2rf%
84% 73% Wesson O&Sn pf(4) 1 75 75 75 + %
103 76 W Penn El pf 16) . 20s 90 90 90 -1%
109 88 West Penn El pf (7 > 20s 97% 97% 97% +2%
30% 14% West Auto Sup 1 60. 1 16% 16% 16% — %
83% 22% Western Union Tel. 10 27 26% 26% + %
67% 17% Westhse Air Br (1). 7 24% 24 '24%+ %!
167% 87% Westhse El&M 6g41 103% 102 102 — %
27% 10% Westvaco Chi (1)... 1 14% 14% 14%
65 19 Wheeling Steel. 1 25 25 25 + %
23Vi 14 White Dental (1.20) 1 15 15 15
33% 6 White Motor.. _ 8 12% 11% 12%+ %
6% 1% White Sew Mach—11 3 3 3
46% 11 White Sew M pf_ 12 21% 19% 21% +1%
5% 2 Willys-Overland. .. 3 2%' 2% 2% + V*
12 4% Willys-Over pf (.60) 1 6 6 6
12% 4% Wilson* Co (Vi)... 7 5% 5% 5% _ %
91% 49% Wilson pf (6) 2 59% 59% 58%-%
19% 10% Woodward Iron Co. 6 16% 16 16 — %
65% 34 Woolwortb (2.401.. 9 40% 40 40% — %
47 12 Worthington Pump. 4 18 17% 18 + s»
54 39% Worth cv pr pf 4.50. 1 41 41 4t —
76 58 -i Wrtgley Jr (3a) .. 1 62 62 62 -1
62% 21% Tale & Towne 60a— 2 25 24 24 -1
37 - 7% Yellow Truck ... 16.6 14% 13% 14%+ %
142 68 Yellow Trk pf (7).. 150* 91 89 91 +1
46% 12% Young Sprg & Wire 2 17% 17% 17%—%
101% 34% Youngst S&T 3.25g. 36 40% 39% 39% — »4
30% 14% Y’ngstn Stl Dr ,75g.. 10 19% 19 19 — %
43% 11% Zenith Radio (2g)_. 10 16% 15*4 16
9% 2% Zonite Prod- 3 3% 3% 3% - %
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M- 140.000 12:00 Noon_ 220 00U
1:00 P.M... 290.000 2:00 P.M_ 360^000
s Actual sales: unit of trading 10 share*.
bln*k^UD'cy. °,r, .reeeiwship or being reorganired’ under
Bankruptcy Act. or securities assumed by such companies
Rates of alvidends in the foregoing table are annual dla
bursements based on the last quarterly or aemi-annual declara
inciudedn e!S ot*ierwlie noted special or extra dividend* are not
x Ex dividend, xr Ex right*. * Also extra or extras hi-in
share of ¥2 preference stock, d 1-25 share of S.i Dreferenre
stock e Declared or paid *o far this year f Payable In stock
nrPdic%red 3thi* y<£rC“h °r *tock' k Accumul*ted dividend paid
81
Utilities, Golds, Specialties
Joined by Steels and‘
Other Groups.
Stock Averages
. 30 IB IB 6ft
Indust. Ralls, ptil. Stocks
Net change- —.* —.3 unc. —.3
Today, noon 65.4 19.4 32.9 45.6
Previous day 65.8 19.7 32.9 45.9*
Month ago.. 62.1 20.0 32.5 44.0
Year ago... 98.4 39.5 52.9 72.1
1937-8 high.101.6 49.5 54.0 75.3
1937-8 low.. 57.7 18.7 31.6 41.7
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 23.9 189
1929 high...146 9 153.9 184.3 157.7
1927 low_ 51.6 95.3 61.8 61.8
(Compiled by tha Associated Press. 1
aM ■
By VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK, Jan. 24—The stock
market enjoyed a mild hally at the
tail-end of today's proceedings after
a desultory performance In the early
hours.
It was one of the slowest session*
in months, the ticker tape frequently
remaining motionless for a minute nr
so at a time. Transfers were around
550.000 shares.
In the sluggish comeback running
to a point or more were reduced or
transferred into advances of a* much.
Utilities were ahead from the start,
along with one or two gold mines
and specialties.
Steels were subsequently given a
modest lift when current mill op
erations were set at 32.7 per cent of
capacity, up 2.9 points from last week.
It was the fourth consecutive increase
since the long slide began last fall.
Most stocks in this group were un
able to follow through and aom*
yielded their gains in the final lap.
Improvement in steel mill activities
had been anticipated in the financial
sector, but the upturn was larger than
forecast.
Coppers received belated support as
the export price of the metal was tjit
under the 10-cent mark and thoughts
of expanding consumption coincident
with a possible further shading of the
domestic rate were revived.
Those who had been looking for the
presidential naval rearmament mes
sage to bolster speculative sentiment
seemed disappointed at word from
Washington the recommendations had,
again been delayed.
White House conferences with busi
ness were still cheering to speculative
forces, but brokers found their cus
tomers inclined to wait for some eop
crete anti-recession program to be
adopted before expanding buying com
mitments to any great extent. The
fact selling recently has not been of
the so-called "important1’ type was
interpreted as encouraging.
CO ON
IN U. S. POLICIES
Unexpected Slump Believed'
at End—Basic Reform
Plans Retained.
Special Dispatch to The Star.
NEW YORK. Jan. 24 —In its weekly
summary of the general business sit
uation. the Standard Statistics Co. of (
New York currently comments as
follow's:
"The confusion usually surrounding
the news emanating from Washington
has been intensified this year by the
business recession. During recent
weeks, sentiment has been rising and
falling with day-to-day developments.
Business hopes have been shattered, on !
the one hand by further attacks by :
political spokesmen, and buoyed, on
the other, by indications that the ad
ministration is willing to adopt a more
conciliatory attitude toward business in
order to combat the depression.
"It is the opinion of well-informed
Washington observers that, despite
conflicting reports, the administra
tion has not yet formulated a definite
business recovery program. The chief
reasons are: First, the collapse in
business came so unexpectedly to the
administration and so quickly that
there has not yet been sufficient time
to formulate a recovery plan, and sec
ond, the majority of Government
economists believe that the low point
of the recession has been reached, that
gradual recovery Will be witnessed
through the spring and that hasty and
drastic action is unnecessary at this
time.
“It is pointed out that the adminis
tration has not deviated, and will prob
ably not deviate, from its basic re
form and social objectives. While
many of these objectives have been
soft-pedaled in recent w'eeks, virtually
every bill (or proposal) on the agenda
of the present Congress aims to in
crease further the Federal Govern
ment's control.”
— -_ •
ADVANCES RECORDED
BY LUMBER INDUSTRY
By the Associated Press.
The National Lumber Manufac
turers’ Association said today the
lumber industry during the week end
ing January 15 showed gains in pro
duction, new orders and shipments
over the previous week, hut showed
lessee from a year ago.
For the sixth consecutive week new
orders exceeded production.
Production of the 513 reporting
mills for the week was 121,897,000 feet
of hard and soft woods; shipments,
150.870.000 feet, and booked orders,
180.842.000 feet. Revised figures for
the previous week for 525 mills were;
Production, 120.831,000 feet; ship
ments. 138,623,000 feet, and orders,
155.454.000 feet.
NEW PLANT IS OPENED.
PITTSBURGH, Jan. 24 (Special).—
Opening of a new industrial plant
was announoed by H. S. Wherrett,
president of the Pittsburgh Coming
Corp. The plant has been established
at Port Alleghany, Pa., north of Pitts
burgh^ for the manufacture of the
new P. c. Glass Block by the Pitts
burgh Coming Corp., a subsidiary
recently formed by the Pittsburgh
Plate Glass Co. and Coming Glass
Works.
i
Continental Oil
Plans 17 Per Cent
Advertising Boost
By the Associated Press.
NE\y YORK, Jan. 24—The Conti
nental Oil Co., with producing prop
erties in the midcontinent field and
marketing facilities in most States, an
nounced today its 1938 advertising ap
propriations would be increased 17 per
cent. It gave "due credit for the best
year in its history to the heavy use of
newspaper advertising.”
The company explained 6o per cent
of its expenditures on consumer media
would be allotted to the daily and
weekly press, covering approximately
I, 250 newspapers.
-•-—.
WIGHT WILL HEAD
SEAT PLEASANT BANK
8pecl»1 Dispatch to Th» Star.
SEAT PLEASANT. Md.. Jan. 24
—Dr. Frederick L. Wight, jr„ ha-'
been elected president of the Seat
Pleasant Bank, with Walter L. Green,
first vice president and counsel: W.
Clinton Brown, vice president: Wil
liam F. Stembler, vice president: Leo
J. Naughton. cashier, and Margaret
S. Dwyer, assistant cashier.
George C. Howard, vice president
and secretary of the City Industrial
Savings & Loan Co. of Hyattsville:
William H. Limerick, filling station
owner of Washington, and William F.
Stembler, Capitol Heights lumber
merchant, who takes the place oi
Walter J. Hayward, deceased, are new
directors.
Directors re-elected are W. Clinton
Brown, J. C. A. Cameron, James P.
Casbarian, W. S. Collins. Walter L.
Green. D. G. Joseph, Leo J. Naughton.
Fred L. Watkins, George N. Wells and
Dr. Frederick L. Wight, jr.
-m- — ■ —
INSURANCE SHARES GO
HIGHER DURING WEEK
Special Dispatch to The Star.
NEW YORK. Jan. 24.—The cur
rent upward movement of insurance
stocks in the New York City market
continued during the last week, ac
cording to records compiled by Holt,
Rose & IT os ter.
The aggregate value of 20 leading
fire and casualty insurance issues on
January 21 totaled $555,964,000, com
pared with $548,201,000 at the close
of the previous week, an Increase of
$7,763,000. or 1.42 per cent.
The current average yield of the
20 issues is now 4.14 per cent, com
pared with a yield of 4.19 per cent on
January 14. The current market
value equals 89 per cent of current
liquidating value, compared with 88
per cent a week ago.
T. W. A. TRAVEL TOTAL
CLIMBS DURING YEAR
St the Associated Press.
NEW YORK, Jan. 24.—Transconti
nental & Western Air reported today
a 1.52 per cent Increase in passenger
traffic in 1937 over 1936 on its regu
larly scheduled flights.
The 1937 total was 90.204, compared
with 88,851 in 1936. Air express pound
age Increased to 2,228,010 from
2,120,182.
BAIL 0BDEB PLACED.
CLEVELAND, Jan. 24 (JP).—Nickel
Plate Railroad announced it had
delivered 8,600 tons of rails for 1938
delivery. United States Steel Carp,
will supply 5,600 tons; Inland Steel
Co., 1,700 tons, and Bethlehem Steel
Corp., 1,300 tons.
< <
STAPLES REGISTER
UNEVEN DECLINE
- i
McGill Service Reports Gain of
Previous Week Wiped Out
by New Retreat.
Special Diipatcta to The Star.
| AUBURNDALE. Mass., Jan. 24.—
! Commodity prices during the third 1
week in January moved in an irregu
• l&r manner, with the average again 1
j lower, according to the McGill Com
i modity Service of Aubumdale, Mass.
The decline wiped out the advance
that was recorded during the previous i
week. Price movements in the main
were of a limited character and since
I the first of the year there have been I
] definite signs of stabilization. Whereas
l a week ago 11 groups advanced, dur- |
ing the past week only 3 groups ruled
. higher, 8 declined, while 3 remain
, unchanged.
Industrial prices were fairly stable
and are holding moderately higher as
i compared with the first of the year.
Industrial activity, following a reces
sion that measured nearly 30 per cent.
Is now moving on a sidewise course.
Indicating that the readjustment is
largely over.
Agricultural prices were only frac
tionally lower than the previous week.
A check-up shows that such items as
wheat, oats and butter averaged
higher, but declines were more numer
ous, involving com, rye, cotton, eggs,
butter, wool and flaxseed.
The hide and leather index averaged
lower, due to calfskins and sole
leather.
Pine textiles ruled weak, as raw cot
ton. wool, silk and rayon recorded
lower quotations.
JAPANESE CUT DOWN
U. S. WHEAT IMPORTS
By thf Associated Press.
In a report on Japanese imports of
wheat, the Bureau of Agricultural
Economics said that country's pur
chases from the United States during
the July-November period this season
totaled only 42.000 bushels compared
with 129,000 during the same period in
1936 when this country had short
supplies.
However, during this same period.
Japan exported 1.006,000 barrels of
flour compared with 471.000 during
the same period in 1936. More than
half the exports went to North China.
CONDUIT MADE OF PULP.
BERLIN. N. H.. Jan. 24 (Special).—
Electric conduit that will not rust or
corrode because it is made of wood
pulp instead of metal has been per
fected by Brown Co.. New England's
largest pulp paper manufacturer.
Chrysler Plants
Reported Closed
For Short Periods
By the Associated Press.
DETROIT, Jan. 24.—William Mun
ger, research director of the United
Automobile Workers’ Union, reported
Saturday four Chrysler Corp. automo
tive plants in Detroit, normally em
ploying about 20,000 hourly production
workers, were closed for periods of
from two to three weeks.
Corporation officials made no state
ment. The plants have been operating
on a fluctuating schedule.
The union official said Chrysler’s
Jefferson and Kercheval plants and
the De Soto plant were closing until
February 8 and that the Plymouth
division was closing until February 16.
(
CHICAGO GRAIN
By the Associated Press.
CHICAGO Jan 24—Almost 3.
000.000 bushels decrease of the United
States wheat visible supply total
helped lift the Chicago wheat market
l1, cents maximum today.
Absence of any aggressive pressure
to sell wheat was a feature of Chi
cago trading. There was some selling
of wheat here, however, against pur
chases at Kansas City.
At the close Chicago wheat futures
were L,-7* above Saturday's finish.
May, 957g-96: July, 907*-91; corn, un
changed to higher; May, 60s,-607a;
July. 61 %. and oats unchanged.
WHEAT— Open. Hith. Low Clupe
May .94’, .98', .94s, ,95%-P<
July .*0’, BIS .89’, .90’,-91
Sep .sm’, .no’, .89’, .oo1,
CORN—
Jan. .59’, .59’,
May .ACI», .Al .AO1 a AO’,-’i
July .Al’, .Al’, .Al', Al’-a
Sen. .A 1 ’ a .Al’, Al'a Al’,
CATS—
May .31’, .33 .31’, .37
July . _ .29’,
Sep. .29’.
SOY BEANS—
May 1.04’, 1.05’a 1.04’« 1.05’,
July l.O.V, 1.05’,
RYE— .
May .7 ♦1 a .T.V, .74’, .74’,
•July .70’, .70’, .71”, .70’,
Sep. .. _ _ .67 ,
LARD—
Jan. ... ... 8 35
Mar. 8.92 . . ... 8.92
Ma» _ 9.15 9.15
July 9.17 9.27 9.15 9.27
BELLIES—
May 11.27
Chicago Cash Market.
Wheat No. 5 red, 91; No. 2 hard,
1.041 >; No. 5 mixed, 92; corn. No. 4
mixed, 56'2-57: No. 2 yellow, 61 %;
No. 4 white. 57-58; oats. No. 1 mixed,
34’,; No. 1 white. 34U-35; rye. No. 2.
78; soy beans. No. 3 yellow. 1.03; barley
feed. 48-66; malting. 70-93; timothy
seed, 2.70-95; red clover, 32.00-37.00;
swTeet clover. 10.00-50.
Winnipeg Price*. ,
WINNIPEG. Jan. 24 UP.—Grain rang*
at principal markets today:
WHEAT— Prey.
High. Low. Close. close.
May 1.28', 125’. 1.27’, 1.28-1.26
July 1.20', 1.18’, 1.20 1.18'n-S
3ct. I'll7, 1.00'a 1.01», 1,00’.
OATS—
May .48’, .48 .48'., .48',
Baltimore Quotations.
BALTIMORE. Jan. 24 UP —Wheat No
2 red winter, garlicky, spot, domestic. 1.01
January, 1.01.
NEW YORK COTTON
*
By the Associated Press.
NEW YORK. Jan. 24 —Cotton ad
vanced today in quiet trading. Scat
tered covering and trade buyinj
absorbed limited offerings. Deapit
further easiness at Bombay, forelgt
selling was light.
May sold up from 8 51 to 8.53 am
was holding within a point of the bea
in midafternoon, when the list wa
5 to 6 points net higher.
Futures closed 5-8 higher.
High. Low. test.
March _ 8.50 8 44 8 »0 '
May _ 8.57 8.51 8.55-ft
July _8.63 8.55 8.81
October . 8.7.1 8.6« 8.73
December 8.77 8.70 8.77n
Spot steady: middling. 8.60.
n—Nominal.
New Orleans Prices.
NEW ORLEANS. Jsn. 24 UPt.—Coitoi
opened irregular today with liquidation o
near months meeting covering and trad
buying in distant positions.
First trades were 1 DOlnt higher to
lower. March opened at 8.57. May at 8 65
July at 8.68. October at 8.78 bid and De
cember at 8.82.
Offering! were light after the start an<
enough buvtng support developed durln
the first half hour to lift prices 2 ta>.
points above the previous close.
Cottonseed oil opened steady: January
7.10b; March. 7.1flb: May. 7.23b; July
7.28b; September. 7.33b; October. 7.35b.
b Bid.
ANNOUNCES VISITORS.
NEW YORK. Jan. 24 (Special).—A
new Invention, the “doormaster,”
which jnay prove helpful to house
wives, has been introduced by the
Dictograph Products Co. It constats
of a microphone-loudspeaker attach
ment through which the visitor iden
tifies himself before entrance to tlje
home.
MONTREAL SILVER.
MONTREAL. Jan. 24 UP.—Oliver fw.
SasTSE'dSSn®; jsl. M*r^
i

xml | txt