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Evening star. [volume] (Washington, D.C.) 1854-1972, February 03, 1938, Image 17

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r ■
> Leaders in List Tumble $1
to More Than $3 on New
York Market.
Bond Averages
eo io io io
Rails. Indust. Util. F'gn.
Net. change. —.7 unc. +.1 —.1
* Today, noon 62.8 96.1 89.5 65.9
Previous day 63.5 96.1 89.4 66.0
Month ago.. 69.9 96.7 90.8 66.2
Year ago... 97.8 104.2 102.2 73.8
1938 high... 70.5 98.0 92.2 67.0
1938 low_ 61.1 95.7 89.0 65.6
1937 high_ 99.0 104.4 102.8 74.7
1937 low_ 70.3 95.5 90.3 64.2
1932 low_ 45.8 40.0 64.6 42.2
1928 high—101.1 98.9 102.9 100.5
10 Low-Yield Bonds.
Noon_108.3 Prev. day. 108.4
» Month ago 108.7 Year ago. 112.0
1938 high. 109.3 1938 low.. 107.8
1937 high. 113.7 1937 low.. 107.0
1928 high. 104.4 1932 low.. 86.8
(Compiled by the Associated Press.)
By the Associated Press.
NEW YORK. Feb. 3—The bond
market took its cue from the stock
list today and leading issues tumbled
1 to more than 3 points.
In dealings that were considerably
brisker than Wednesday's session,
losers included American & Foreign
Power 5s, New' York Central conver
tible 4s, Missouri Pacific 5s, Northern
Pacific 6s, International Hyro-Elec
,tric 6s and Studebaker 6s.
American Telephone loans, despita
weakness of the company's shares,
held to a small fractional range.
United States Governments were nar
* rowly mixed and foreign loans lower.
_
DIVIDENDS ANNOUNCED
NEW YORK Feb. 3—Dividends de
elered (prepared by the Standard Statistics
Corp.i:
Extra.
Pe- Siock of Pay
Rate.riod. record, able.
Stand Oil Calif _10c 2-15 3-15
No Action Taken.
* Slgelow-Sanford Carpet.
Rerular.
Alum Ltd edr cm pf SI.50 Q 2-15 3-1
Atlas Corp fid pf 75c Q 2-14 3-1
Bxelow-S C fid pf SI 50 Q 2-14 3-1
Bristol-Myers fide Q 2-15 3-1
Buf Nl A F P 0 47 pf -4(ic Q 3-15 4-1
Do. S5 1st pf .SI.25 Q 4-15 6-2
C Ariz L A P $7 pf SI.75 Q 1-15 2-1
Do. $6 pf $1.50 Q 1-15 2-1
Comp Ind Gases 25c AA 2-28 3-15
I Fed Lt A Trac S« pf SI.50 Q 2-15 3-1
' Fuller Brush A 12'aC Q 1-27 2-1
Hiram Walker G A W SI Q 2-25 3-15
Do. $1 pf 25c Q 2-25 3-15
Moran Tow 70 pi pf 35c Q 2-25 3-1
Ohio Pox '(7 pf. _ SI.50 Q 2-3 .3-1
* Do. 7'. pf _58’,c M 2-15 3-1
Do. fid pf_ 50c M 2-15 3-1
Do. 5'. pf _41 a,c M 2-15 3-1
Purity Bakeries -15c AA 2-15 3-1
Sheafler <W Ai Pen $1 - 2-14 2-26
Bhell Tran A Tr Am
sh for ord bearer..745c 2-10 2-17
Bt Oil Cailf 25c Q 2-15 3-15
Stortllne Furniture 12’ac 2-16 2-28
Archer Daniels Mldld._50c_ 2-18 3-1
Atlas Powder . . 50c 2-28 :t-10
Conv pf . 37>aC Q 2-15 3-1
Beaunit Mills SI.50
conv pf 37'-c Q 2-15 3-1
Columbia Breast “A". 40c 2-25 3-11
Columbia Breast ' B ' 4i’c 2-25 3-11
Crum A Foist Ins "A" 30c _ 2-18 2-28
Crum A Forster "B" 30c 2-18 2-28
Crum A Forster pf_.$1.75 2-18 2-28
Hobart Mfa A"_37dc Q 2-14 3-1
..fasonite _ 2»c Q 2-20 3-10
Wayne Pump _ 5oc 3-17 4-1
* NEW YORK BANK STOCKS
NEW YORK. Feb. 1 up'.—New York
Security Dealers' Association:
Bid. Asked.
Bank of Am (2.40)_ 42'a 44'*
Bank of Man (lVal-i_ 2 Id 23d
Bankers Tr (2i_ 45'a 471a
Brooklyn Tr (4) __ _ 74 79
Cen Han Bk A Tr (4)_ 95 98
Chase Nat (140' _ 29'a 31
Chem Bk A Tr (1.801_ 4(1 42
Comercial (8 > 133 139
Cont Bk A Tr (.s»i _ 11 I2'i
Corn Ex Bk A Tr (3)_ 4944 old,
-Empire Tr ill . 214k 224k
First Nat (Bosi (2)_ 384a 40V,
First Natl (1001 _1755 1795
Guaranty Tr U2> _ 227 232
Trving Tr (.60’ 1144 124,
Manufacturers Tr (2)_ 364a 384a
Manufacturers Tr pf <21 __ 49 51
Natl City (1) _ 2444 254,
N Y Trust (5) _ 93 96
Public iIda)_ 27*,, 294k
Title GAT_ 5*, 6*„
FEDERAL LAND BANKS
NEW YORK. Feb. 3 .^(.—Federal Land
Bank bonds;
Bid. Asked.
Nov., 1058-38_ 102,« 193*4
* 4s May, 1958-38_ 100*4 101*®
4* July. 1946-44_ 110*4 111
3*48 May. 1955-45_ 193*2 103»4
3s July. 1955-45_ 193*4 102*,®
3s Jan.. 1950-40_ 193*4 1033*
Ss May. 1930-40_ 193*4 192*®
BANK OF FRANCE REPORT.
PARIS. Feb. 3 <4>i.—The Bank ol France
•tatement as of January 29 lin millions
of francs):
Gold reserve . 58.933 4- 1
Sight balances abroad 16 — 3
Bills bought abroad 834 Unch.
Advances against securi
ties 3.824 — TO
Discounted commercial bills
—Prance II.666 +522
Temporary advances to
state (prior to June 18.
1936) ... 12.083 Unch.
Temporary advances to
state (since June 18.
_ 1936) 19.820 Unch.
Circulation 92.255 +390
,Total credit, to current ac
counts 26,409 —153
8n-day advances against
government securities 924 —147
Ratio of gold to sight liabilities. 49.66
per cent, compared with 49.76 last week.
Rate of discount. 3 per cent.
FINANCIAL BAROMETER.
NEW YORK. Feb. 3 i/p>.—The long de
cline in loans to business and agriculture
by banks in leading centers continued in
the week ended Januar: 26. From the
October. 1937. peak this barometer of
business borrowing has slumped approxl
Tnately 10 per cent as declining commodity
prices hastened the liquidation of sizable
inventory positions back ol these loans.
Total agricultural, industrial and com
mercial loans reported by Federal Reserve
member banks in 191 cities, compared as
* follows
Week ended January 26 $4,395,000,000
Previous week ..__ 4.438.000.009
■-—®-- .
IT. S. TREASURY POSITION.
Bv the Associated Press.
l The position of the Treasury February i:
Receipts. $320,069,431.76: expenditures,
$110,556,552.79: balance. $2.959 097 -
947.30; customs receipts for the month.
$690,575.54.
Receipts for the fiscal year (since July
1'. $3,524,927,142.42: expenditures. *♦,
448.832.5.79.96 including $t. 187.11.7. -
» 150.02 of emergency expenditures: excess
of expenditures. $923,905,397.54. gross
debt. $37.503370479.05. an increase of
$50 843.208.66 above the previous day:
gold assets. $12,755,369,731.13. including
$1,223,035,502.44 of Inactive gold.
BANK OF ENGLAND.
_ LONDON. Feb. 3 (/Pi—The Bank of
England statement as of February 2 (In
thousands of pounds):
Circulation. 476.6114: Increase. 3.407.
Bullion. 326.087; Increase. 20. Reserves.
50.203; decrease, 3470. Public deposits.
11.404: decrease. 2150. Private deposits,
147.972: decrease. 2.448. Government se
curities. 08.078: decrease. 805. Other
securities. 20.149: decrease. 236. Pro
portion of the bank's reserve to liability
Is 81.5 per cent, compared with 32.7 last
waek. Rate of discount. 2 per cent.
t NEW YORK SUGAR.
NEW YORK. Feb 3 OP).—Sugar fu
tures were fairly active today in No. 4
contract, where prices were firmer on in
creased covering and commission house
bujrtng promoted by the steadier ruling
of the London market.
No. 3 was neglected.
March No. 4 sold up to 1.00 and 8ep
htSSf/^'l3' or ." to Points net
i 511® ?n?vthi Bf*r't*t was around these
levels at the beginning of the last hour.
* •
* GAIN IN TELEPHONES.
Hew YORK, Feb. 3 (VP).—New York
Telephone Co., largest member of the
Bell system controlled by American
Telephone * Telegraph Co., reported
today a net gain of 3.23$ telephones
in/January. In January last year the
,gain was 12,699. ^
I
BONDS ON N. Y. STOCK EXCHANGE
ay print! wir* direct to The Iter.
TREASURY.
/ Hlrh. Low. 3:55.
274s 1949-61_ 100.3 90.30 90.31
2740 1946-47_ 104.15 104.11 104.12
274* 1948-61_ 102.12 102.8 102.8
274 1951-64_101.19 101.12 101.16
274 1966-69- 101.12 101.4 101.4
274* 1956-60_10S.11 102.7 102.8
3* 1946-48_ 105.29 105.24 105.26
8* 1961-66 - 104.12 104.12 104.12
274* 1946-49_ 106.17 106.12 106.12
374* 1949-62_ 106.10 106.8 106.8
3 74* 1941 _ 107.11 107.9 107.9
8 74* 1944-48- 107.21 107.20 107.20
3 74 * 40-43 June 106.3 106.3 106.3
3 74* 1941-48 Mar 107.6 107.6 107.6
3 *»s 1941-43
March re*_ 107.3 107.3 107.3
3 74* 19 4 3-47 _ 108.6 108.6 108.6
4 74s-374*‘43-46 107.24 107.22 107.22
474*1947-62- 117.16 117.16 117.16
FEDERAL FARM MORTGAGE.
2 74* 19 4 2-47_ 102.30 102.26 102.26
3* 1947_ 104.1 104. 104.
3* 1949 - 104. 103.28 103.28
374* 1984- 104.2 104.2 104.2
HOME OWNERS' LOAN.
274* 1942-44_101.21 101.19 101.21
274* 1939-49_ 102. 101.27 101.29
3*1952. 104. 103.27 103.27
FOREIGN BONDS.
High. Low. 2:66.
Abltlbl Pa&Pw 6s '68 54 5214 62v.
Antloquia 7s '45 A __ 6*4 614 6H
Antloquia 1st 7s'67 . 6li 6*4 614
Argentina 4a '72 Fab. 84*4 84 84
Argentina 4a *72 Apr. 84 84 84
Argentine 414s '71... 9314 9314 9314
Australia 414a'66_ 102 102 102
Australia 6s‘66_ 106*4 106*4 106*4
Austrian 7s '67_ 105 105 105
Berlin 614a'60_ 20'i 20'4 2014
Berlin Elec 6s '55 __„ 24'a 24 24'4
Berlin Elec 614a'51.. 27*. 27*4 27*.
Berlin Elec 614a'69 . 2714 26*4 26'.
Berlin El Ry 614 s'56. 23 22*4 23
Brazil 6148'26-'67_ 16*4 16 16
Brazil 614s '27-'67_ lfi'i 15*4 16
Brazil 7s'62_ 15*4 15*. 16*4
Brazil 8s'41 .. _ 18 1714 17*.
Breda Ernesto 7s'54. 61 61 61
B A 4148-4*4 '77 Pv 6414 6414 6414
B A 414-4148'76 Ag P 64 63*. 64
Canada 2%s'44_ 100*4 100*4 100*.
Canada 214s'45_101'4 101 1011.
Canada Sa'67__ 96'. 9614 96*.
Canada 814s '61_101'4 10114 10114
Canada 4s'60_ 109*4 109*. 109*.
Canada 6a'62_113 113 113
Chile 6s'60_ 17'4 17*. 17*4
Chile 6s'61 Jan_ 17'. 17*4 1714
Chile «s'61 Fab_ 17*. 17*. 17*.
Chile 6s'61 Sept_ 17*. 17*. 17*.
Chile 6s '68_ 1714 1714 1714
Chile 7s 42.. 1714 17*. 17*.
Chile Mtg Bk 6s '61 ... 15*4 15*. 15*.
Chile Mtg Bk 6'4s'67 15*. 16*. 15*.
Chile Mtg Bk 6%'61.. 15*4 15V. 15*4
Colombia 6s‘61 Jan.. 13*4 13 13
Colombia 6a'61 Oct.. 13'. 13*4 1314
Copenhagen 414»'68. 97*. 97*. 97*.
Copenhagen 6s'52 .. 10014 100 100
Cordoba 7s'37 stpd... 58'. 58*4 58'i
Cuba 5s'04-’44_ 103*4 10314 10314
Cuba 5s ’14-’49_ 104*4 10414 104*4
Cuba 614a 46 _ 7314 73 73
Czechoslovakia 8s'51 104 104 104
Denmark 414s'68_101*4 101'4 101*4
Denmark 614s'65_ 1031. 103'. 103*4
Denmark 6s '42__ 105*. 105*. 105*.
Dominic 1st 614s'42.. 65 65 65
Dominic 514 s'61 ext. 62*. 60*4 62*4
French Gov 714 a'41. 106 106 106
Ger C Bk A26s’60 July 31 31 31
GerC Bk A 6s'60 Oct. 31 31 31
Ger Gen Elec 7s.'45_ 43 43 43
Ger Gov 614s’65 at_ 2714 27 27
Ger Rep 7s'49 stpd._ 33 32*. 32*i
Grt C El Jap 7s'44... 69 69 69
Hamburg St 6s'46_ 20 20 20
Italy 7s'61 .. 76*. 76 76
Ital Crd P W 7t '47 B. 75'. 75 75*.
Xtal P U Crd 7s '52_ 61V. 61*i 61V«
Japan 614s'66_ 57 56*. 57
Japan 614s’64_ 75 73*. 73*.
Kfeug&Toll 6s ’69 ct. 30*4 30*. 30*4
Medellin 614 s’54_ 7 7 7
Met Wat 614s'50_ 102*4 102*. 102*.
Milan 614s 62 ... 64 64 64
Minas Gers 614 a'58.. 9*4 9 9
New So Wales 6s'67. 104*4 104 104*4
Norway 4s '63 _ 1021. 102*4 102*4
Norway 4»4a'65_ 103*. 103*. 103*.
Norway 41.8'56_ 105 105 105
Oslo 414s '65 _ 103*4 103*4 103*4
Panama 5s 63 stp as. 35*4 3514 35*4
Peru 6s Bo_ 9». 9'. 91.
Peru 7s'59_ 11 11 11
Poland 6s'40___ 63 6214 63
Poland 7s'47_ 78*. 78*4 7814
Poland 8s '60__ 59 5814 59
Queensland 6s'47_109'. 109'. 10914
Queensland 7s'41_108'. 108V. 108'/.
Rio de Jan 614a '68_ 8*4 8*4 8*4
Rio de Jan 8a '46_ 10*4 10*4 10*4
Rio Gr do Sul 7a 8*. 8*. 814
Rio Gr do Sul 8s *46.. 11 11 11
Rome <14s '62 . _ 69 6814 6814
Sao Paulo St 6s '88_ 9*4 9*4 9*4
Sao Paulo St 7s '56_ 9*. 9*4 9*.
Sao Paulo St 8s'50... 10*. 10 10
Serbs 8s '62 .30*. 3014 30*4 1
Shln'au E P 614s'52 CO 58 60
Siamens & H G14s '51 6:;*. 63*. 6344 ■
SUssia Prov 7s '58 - - 56 56 56 1
Sydney 514s'65_ 104*. 104*. 104*. J
Taiwan Elec 514s'71 51'4 51 51
Toklo 614* 61 _. 53'4 53*4 53'4 j
Tokto E L. Ltd 6s '68. 54*. 53*. 53V. \
Ujigawa El P 7a '45 . 80 80 80 1
UnStJ Wk 614s '47 A. 28*. 28*. 28*i
UnStl Wk 614s'61 A. 29*. 29*4 2914
Uruguay 6a‘60_ 46*4 46'/. 4614 j
Uruguay 6a "64_ 46*. 45 45
Warsaw 7s'68- 65*4 55*4 55*4 j
Yokohama 6a '61_ 56*. 56 56 ;
DOMESTIC BONDS.
Adm Exp ’46 std.. 100% 100 100% ]
Alleg Corp 6a'44_ 68 68 68 I
Alleg Corpse 49 _ 59% 59 59 1
Alleg Corp Ss ‘50 etp. 29 28% 28% 1
Allte Chalmera 4s'62 103% 102% 102% |
Am & For Pw 6s 2030 51 48 48% j
Am 1 Q Ch 6%s '49_104% 104 104 1
Am TAT 3%s '61_101% 101 101 j
Am TAT 3%e ’66_101% 100% 100% J
AmTAT6%s4S.. 113% 113% 113% 1
Anaconda deb 4%s '60 103% 103% 103% ]
ArmourlDelllst 48*56 90 89 89
Armour!Del)4s'67 89% 89% 89%
A TAS Fe ad] 4a '96.. 99% 99% 99%
A TAS Fe ad] 4s 95 st 101 % 100% 100%
A TAS Fe gen 4s '95 108% 107% 107%
A TAS Fe 4%s '49 103% 103 103%
A TAS Fe C A 4%s’62 108% 108% 108%
Atl Coast L let 4s'62 87% 86 86 I
Atl O A W 1st 6s '69_54% 54% 54% j
B AO 1st 4a 4*- 63% 63% 63%
B AO 4%a'60- 25% 24% 24% ,
B A O 1st 6a '48- 67% 66% 66%
B A O raf 6s '96 A_ 30 28% 29%
B A O 6s '96 F _ 29% 28 28 i
B A O rf 6s 2000 D_ 29 28 28
B AO ref 6s'96 C_ 32% 31% 32
BAOSwn6e'60__ 41 40 40
B A O Toledo 48 '59.40 40 40
BangAAroos «s'51 .. 104 104 104
Bell T of Pa 6a'48 B. 119% 119 119
Beth Steel 3 %s'52_ 86% 86 85% 1
Beth Steel 3%■ '65._. 94% 94% 94% 1
Beth Steel 4% '60- 102% 102% 102% !
Bos A Me 5s ’67 __43 41 41 I
Bklyn Ed con 3 %'68 104 103% 103% •
Bklyn Man T 4%e'66 51% 51 61
Bklyn On G 6s '67 B 93% 93% 93% 1
Brown Shoe 3%s '60. 106% 106 106 1
Buff GE4%s'81 B . 110 110 110
Buff BAPcn 4%s'S7_ 32% 31% 32%
Bush Term cn 6s '65. 37% 37 37
Can'dian NR 4%a '66 114% 114% 114%
Can dian N 68*69 July 116% 116 116
Caa Nat 6s 69 Oct 119 119 119
Can'dian N db «%S'46 124% 124% 124%
Can’dian P db ts perp 88% 87% 87%
Can'dian Pac 4 %s '4k 100% 160% 100%
Can’dian P 6s'44 ct._ 113% 113% 113%
Can'dian Pao 6a ‘64 101% 101% 101%
Can'dian Pao 4%s'60 96% 96% 96%
Caro Cl A O 6s'62 A.. 101 101 101
Celotex 4%s 47 ww 72% 72% 72%
Central Fdry cv 6s '41 107 106% 106%
Cant of Ga cn 6a '46 10% 10% 10%
Cent of N .1 gen 6a '67 30 30 30
Cent N T Pwr 3%s’62 103% 103 103
Cent Pao 1st rf 4s '49 92% 91% 91%
Cant Pac 6s '60 ... 64% 64% 64%
Cert*d deb 6%a '46 60 57% 57%
Champ PAF 4%a '60. 105% 105% 105%
Chea AO 3%s 96 D . 94% 93% 94%
Chsa AOlHa 96 B . 94% 93% 93%
C A O gen 4H« '93- 117% 117% 117%
C AO con 6s 19 _106% 105% 105%
Chi A Alt ref 3s'49... 23% 23% 23%
Chi BAG gen 4s'66 . 10/% 103% 103%
ChtBAQ4%s'7? 98% 98 98
Chi BAU ref 6s '71 101 101 101
Chi BAQ1 die 3Ha'49 102 101% 101%
CBAQ I dlv 4s 49_ 106% 106% 106%
Chi A B 111 6a'51 _ 14% 14% 14%
Chi A B 1st 5s '82__ 74 74 74
Chi Grt West 4a '69._ 19 18% 18%
Chi 1ALsen 6a 66 ... 6 6 6
CMAStP gn 3%s'l9 B 27% 27% |7%
Hith. Low. 2:5i.
Chi Mil A StP 4a ’I#.. 27% 27 27
CMAStPcn4Ms,S»C. 32% 32% 32%
C II A 8t P 6s '76 .... 11 10% 10%
CMStPAP adl 6a 3000 4 3% 3%
Chi A NW Kn t Hs '17 16 16 16
Chi A NW 4 Ha 2037.. 10% 10 10
Chi A NW 4%a *40 .. 6% 6% 5%
Chi A NW (an 6a'37.. 21 20% 20%
Chi B lAPrf 4a'84... 8% 8 8
Chi R IAP rf 48*34 ct. 7% 7% 7%
Chi R IAP can 4a 'll. 18 17% 17%
Chi R IAP 4He'62 8% 8% 8%
Chi St LAN Me 4s *61. 78% 78% 78%
Chi T HAS 1st 6s '60.. 68 58 58
Chi Un Sts 3Hs '61... 103% 102% 102%
Chi Un Sta 3*8'63 E. 107 106% 107
Chi A W In cn 4a'52.. 88 87% 87%
Childs A Co 6s'43_ 67 57 57
CinOAEtHa'60 ... 104 103% 104
Cln UnTIHsDRtd.. 106 106 106
Cln Un Term 6s *67 C 108% 108% 108%
CCCASt Lrf 4%a’77E 65% 64% 64%
Clev Cliffs Ir 4H'50._ 105% 105% 105%
Clsv El 111 3*S'65.._ 110% 110% 110%
Clev Un Ter 4Hs 77. 79 76% 78%
Clav Un Ter 6s'73 B. 83% 81% 81%
Clav Un Ter 6%s’72A 89% 87% 87%
Colo F A 1 6s '70_ 63 62% 62%
Colo A So 4Hs'80_ 41% 41% 41%
Col GAE 6s'62 May.. 91% 91% 91%
Columbia GAE 6s 61. 87% 86 86%
Colum Ry PAL 4s'65. 106% 106 106%
ColumbusATol 4s'55. 109% 109% 109%
Cornel Cred 8*'42 . 100% 100% 100%
Cornel Credit 8 Hs'51. 97 97 97
Com InvTr 8%s‘61 103% 103% 103%
Comwlth Ed 3%s'65H 104% 104% 104%
Comwlth Ed 4s'81 F. 106% 105% 106
Comwlth Ed 5s '53 A. 112% 112% 112%
Cons Coal Del 6s ’60.. 50% 50% 50%
Cons Ed N Y 3%a '46. 105% 105% 105%
Cons Ed N Y 3 He'68 103% 102% 103
Cons Gas NY 4%s‘61 106% 106% 106%
Consol Oil SHs‘61 97% 97% 97!*
Consum Pwr 3%s’86 100 99% 100
Consum Pwr S*s'65. 106 106 106
Crown CAS 4s'60... 106 105% 105%
Cuba RR 1st 6s'62 49% 49% 49%
Cuba RRref 7%s'S8- 66 54 54
Dayton PAL 3H»'60. 106% 106% 106%
Del A Hud ref M U.. 52 52 52
Den A R G con 4s '36. 12% 12 12
Den A ROW 6s'65aaat 5% 5% 5%
D A R Q W rf 6s '73.. 8% 8% 8%
Det Edison 6s'62_ 108 108 , 108
Dow Chemical 3s '51. 104 104 104
E T V & Ga cn 6s '56.. 80 80 80
El Paso N G 4%s '61. 1C2H 102% 102%
Elec Auto Lite «a'6S. 100 100 100
Ed El 111 Bklyn 4a'39_ 104% 103% 104%
Erie cv 4s ’63 A_ 21 20% 20%
Erie cons 4s 9*_ Cl% 61 51%
Erls gen 4s '96_ 27% 26 26
Erie ref 6s 67_ 17% 16% 16%
Erls ref 6s’76__ 17% 16% 16%
Erie & Jersey 6s ’66__ 65 65 65
Fed Lt&Tr 6s'42_ 95% 95% 95%
Fed Lt&Tr 6s '42 _ 99 99 99
Fed Lt&Tr 6s'54 B_ 80 80 80
FIs E C Ry 6s '74_ 5% 5% 5%
Gen Cable 6%s '47_ 99 99 99
Gen Mot Acc 3s '45_103% 103% 103%
Gen Mot Acc 3 % '61.. 102% 102% 102%
Gen Stl Cast 6%s'49.. 47 47 47
Goodrich 4 %s '66_ 96 96% 95%
Goodrich 6s‘46_ 91% 91% 91%
Goodyear TAR 6s '6T. 104% 104 104
Grt Nr Ry 3%s *67 __ 76% 74% 75%
Great N Ry 4s 46 O— 96% 94% 95
Grt N Ry 4s '46 H ... 87% 87 87
Grt N R rf 4%s'61 A. 106% 105% 105%
GtN Rgn 4%s'76 D 81% 81% 81%
Grt N R gn 4%s‘77 E 82% 81% 82
Grt N R gn 6s'73 C._. 92 92 92
Grt N R 6%s '62 B_ 95% 95% 95%
Green Bay 6s'62 B.._ 9% 9% 9%
Gulf Sta Util 4s ‘66... 101 101 101
Hock Val 4%s '99-115% 115 115%
Houston Oil 6%s’40. 100 100 100
Hud A Man Inc 6s‘67. 19 18% 18%
111 Bell Tel 3%s"70_ 108 108 108
111 Cent col tr 4s '63_37% 37% S7%
111 Cent 4%s '66 ... 32 30 30%
111 Steel deb 4%s '40.. 107% 107% 107%
lCCASt L N O 6s'63.. 39% 37 37
Inland Stl 3%s '61 ._ 104% 104% 104%
Inter R T 1 rf 6s '66.. 50% 48% 48%
Inter R T 6s '32_ 17% 17 17
Inter RT 7s'33_ 52 51% 52
Interlake Iron 4s'47.. 76% 74% 74%
Int Asr cl 6s'42 stp._ 100% 100% 100%
lnt Grt Nr 6s'62 A... 19 18% 18%
Int Grt Nr 6s'66 B 17 17 17
lnt Grt Nr adj 6s’62 A 4% 4% 4%
lnt Hydro El 6s 44... 61 60% 60%
lnt Pap 1st 6s '47 A._ 87 86% 87
lnt Pap ref 6s'66 ._ 78% 78% 78%
lnt Ry of C A 6s'72.. 80% 80% 80%
lnt T&Tcv 4%s’39._ 87% 86% 86%
lnt TAT 4%s'62_ 54% 53 53
lnt TAT Sa '56 _ 67% 56 56
Iowa C lst&rf 4s’51._ 2% 2% 2%
Jones&L Stl 4%s’61A 94 93% 93%
Kan City So rf 5s'60. 57% 55 55
KansC Ter 1st 4s'60. 107% 106% 106%
Kans GAE 4%s '80_ 104 104 104
Keith’s 6s '46_ 83 83 83
Koppers Co 4s '61. 102% 101% 101%
Kresge Found 3%s'47 91 90% 90%
Kresge Found 4a'46. 99% 99% 99%
L.aclede G 6%s '53 C. 56% 56 56
LACledeG 6%s'60 D. 57 55% 57
L.ake SAM S 3%s '97. 97 97 97
jautaro Nit 1975s ... 29% 29% 29%
l.eh Val Coal 6s 33 99 99 99
jeh V P con 4s 2003 23% 23 23
jeh V P con 4%s 2003 25% 23% 24%
l.eh V RR con 6s 2003 31% 30 30
jigs A Myers 5s'51.. 122% 122% 122%
jiggA Myers 7s 44.. 129% 129% 129%
jlquld Carbon 4s'47. 105% 105% 105%
ja A Ark 5s 69 . 70 69% 69%
joutsv GAE 3%s'66 . 102% 102% 102%
jOU A Jeff Bid 4s '45. 105% 105% 105%
j& Nash 3%s2003._ 78 78 78
j&Nunlf 4S'40_103% 103 103
j & N 4 %s 2003 C_ 87% 86% 86%
dcKess&Rob 6%s’60 99 98 98
danhat Ry 4s'90 . 28% 28% 28%
darlon St Shov 6s'47. 81 81 81
darket St Ry 7s’40 A 90 90 90
dead Co 6s '46_ 96% 96% 96%
-let Ed lstrf 44s'88 108 108 108
-let W Sh El Cr 4s '38 6 6 6
did RR NJ 6s *40_ 154 154 154
dll El HAL. 6s ‘61_ 1004 1004 1004
dll El RAS L. rf 6s’71 1004 1004 1004
dlnn A St Lrf 4s 49. 24 24 24
dStPASSM cn 4s 'IS 94 94 94
dStPASSM 6s'38 gtd 104 104 104
do 111 6s'69 . ... 284 28 284
do K A T 1st 4s '90_i 57 544 544
do K A T 4s 62 B_ 35 35 35
do K A T 6s ‘62 A- 434 404 404
do K A T sd] 6s '87_ 194 19 194
do Pac 4s '75__ 64 64 64
do Pac 6s '77 F_ 22 20 20
do Pac 6s '78 Q__ 204 20 204
do Pac 6s '80 H_ 204 204 204
do Pac 6s '811- 214 204 204
do Pac 64s'49 A.... 44 44 44
dob A Ohio 6s '88_ 114 114 114
donong Pub 8 4 4s’60 1014 1014 1014
donong Ry 1st 4s '60. 102 102 102
dont Pwr 34s '66 914 91 91
dorrlsAEssez 44*66 634 53 53
Matl Dairy 3%*6lww 994 994 994
Matl Dls PC 44s'46. 1034 1034 1034
Matl Steel 4s '66 . 106 1054 1054
Mewark C Gas 5s '48 1164 1164 1164
Mew E TAT 1st 6s 62 1234 1234 1234
Mew Jer PAL. 441 '66 1074 1074 1074
Mew OrlGNR 6s 83 A 64 64 64
Mew Orl PS 6s'62 A. 904 904 904
Mew Orl P S 6s '66 B 904 90 90
Mew Or Ter 1st 4s'63 61 61 61
M ? Central 3 4s'62. 744 724 724
MY Central 84«'97.. 884 874 874
MY Cent 3 4s ’97 rg_ 834 834 834
MY Central 34s'46.. 834 834 834
MY Cent con 4s'98 ... 74 724 724
MY Cent rt 44a 2018- 56 534 534
MYCrf «4s 2018 n._ 66 64 54
MY Cent rf 6s 2018_ 63 60 604
MY C L. Sh 34s ’98_ 78 774 774
MYCASt L, 4 4s'78... 474 454 464
MYCASt L 64s‘74 A. 54 62 52
MY Chi A St L, 6s '38 624 60 60
MY Conn 1st 44s'68. 1044 1044 1044
MY Dock 1st 4s'61... 464 464 464
MY Dock 6s '88_ 45 45 45
MY Edison 3 4s *86 D 1034 1034 1034
MY NH AH 4s‘65_ 174 174 174
MY NH AH 48 *66 ... 174 174 174
MY NH A H 44« 67.. 214 214 214
MY NH A H ev 6s '48. 214 204 204
MY OAW gen 4s '65.. 64 64 64
MY OAW ref 4s '$*__ 9 84 9
MY A Rich Q 8s‘61_ 82 82 82
M Y Steam 6s '66- 1044 1044 1044
MY SAW lstrf 6s'87. 11 104 11
M Y Tel 84s'67- 1054 106 105
MY Tel gen 44s '89.. 1064 1064 1064
MY WAB 4 4* '46 ... 44 44 44
Morf S 1st rf 6s'61 ct. lu 10 10
Morth Am Co 6s '61 . 101 1004 1004
Morth Am Ed 6s '67A 101 101 101
Morth Am Ed 5s 69 C 994 994 994
Morth Am Ed 64s'68 1034 103 103
Morth Psc gn 3s 2047 08 554 554
Morth Pat 4s '97 .. 87 854 86
Moi"n Psc 44s 2047 .. 67 65 65
Morth Pac 5s 2047 C.. 714 714 714
Mor n Psc 6*2047 D-. 704 70 70
Morth Pac 8a 2047 ... 814 784 784
Ogden LC 4s '48 std.. 84 84 84
Ohio Edison 8%s'78- 96 954 954
Ohio Edison «s '66_1014 101 1014
Ohio Edison «s'62_ 1004 1004 1004
HKh. Low. 2:58.
Okla G & E 84&s’66._ 100% 99% 99%
Okla Gas & El 4a'46-. 100 99% 99%
Oreg W RR 4a '61_ 103 102 102
Otla Staal 4%a'6t_ 72% 72% 72%
Pao Gas & El l%a'66. 101% 101% 101%
Pao G * E *%a '61— 105 105 105
Pao G * B 4a '64- 108% 108% 108%
Pao T&T rf 8 %a*66 B 103% 103% 103%
Pao T&T 8%a ‘66 C... 103% 103% 103%
Panhand EPL 4a'61.. 100 100 100
Param't Plo 8 %a‘47.. 72% 72% 72%
Paramount Plo 6a '66. 91% 91 91
Penn Co 4s'52 E-102% 102% 102%
Penn Co 4a ‘68_% 96% 94 94%
Penn Dixie C 6s'41_ 77% 77% 77%
PennO&D4%s'77__ 100% 100 100
Penn P& L4%a‘81.. 99 97% 98
Penn RR 8% w 1_ 83 81 81
Penn RR 4%a‘81 D.. 97% 97 97
Penn RR 4%s *84_ 98 97 97
Penn RRcon 4%a’60 119% 119 119%
Penn RR gn 4%s‘65_ 102% 102% 102%
Pehn RRdeb4%s’70 84% 84% 84%
Penn RR gen 6a ‘88 . 109 109 109
Peoria & E Inc 4a ‘90. «%• 6% 6%
Pere Mara let 5s‘56 . 72% 72% 72%
Phelps Dodge 3%*'62 104 103% 103%
Phila B&W 4%s '77_108% 108% 108%
Phila Co 6s'67 _ 89 88% 88%
Phila Elec 8%s'67 ... 106% 106 106
Phila & RC&l 6s '78.. 15 14% 14%
Phila & RC&l 6s *49.. 4% 4% .4%
Philippine Ry 4s'87.. 22% 22 22%
PCC&St L 4%s'77 C- 100% 100% 100%
PCC&St L 6s '76 B . 108% 108% 108%
Pitts Ygstn&A 4s'48. 108 108 108
Port Gen El 4%s '60.. 61 50 50
Postal Tel &C 6s *68 13% 12% 13
Potomac El P3%s’66 104% 104% 104%
Pressed Stl Car 6s '51 80% 80% 80%
Reading JerC 4s'61.. 634 634 634
Heading K 44* 97 A 84 83 83
Rem-Hand 44s'&tww 904 90 904
Republic Stl 44s'60. 112 112 112
Republic Stl 44s'66. 814 814 814
Republic Stl 4 Vis '61. 794 794 794
Republic Stl 64s *64. 1044 1044 1044
Revere Cop 4 V4s'56._ 100 994 994
Richfield Oil 4e‘62 .. 924 924 924
R 1 AAL 1st 4 4* '14.. 94 94 94
Safeway Stores ia1*?. 1024 1024 1024
Saguenay Pw 4 4s’(6 101 101 lot
St Jo & Gr lal 4s '47 . 108 108 108
St LiM&S KAO 4s‘38 594 594 594
StU-San Fr 4s'60 A._ 134 124 134
StL-San Fr «s'60 ct._ 114 114 114
StL^San Fr 4 4s'78 11 104 104
Stl.-S F 4 4s'78 ct »t- 94 94 94
St L-S Fran 6s'60 B.. 124 124 124
St L S F 5s'60 B ct... 11 11 11
St L,S W 1st 4s'89 .. 53 60 63
St L, S W gn rf 6s '90. 154 154 154
San A & A Pasa 4a'43. 724 72 72
Seahd A L. 4s 50 stp_. 144 134 134
Seahd A L rf 4s *69 _. 64 64 64
Seabd A Ladj 6s '49.. 34 34 34
Seabd A 1,6s 45 A._ 84 84 84
Seahd A L 6s 45 ct_ 74 74 74
Seabd A-Fl 6s’35 A ct 44 44 44
Shell (Jn deb 3 Vie'61. 99 984 984
Simmons Co 4s'52_ 83 82 82
Skelly 011 4s'61_ 984 984 984
Socony Vac 34s '50 . 1054 1054 105',
South Bell TAT 6s '41 1024 1024 1024
Southn Cal Gas 4s '65 1084 108V* 108V*
Southn Cal O 44s'61 108V* 108V* 1084
So Colo Pwr 6s'47 A. 92 92 92
South Nat O 4 Vie'51. 95 95 95
So Pac 3 Vis 46 _ 734 70 704
So Pac ref «e'65_ 83 784 784
So Pac 4 Vie'68_ 554 534 534
So Pac 4 Vi a '69_ 544 524 524
So Pac 4 Vi a '81_ 534 52V* 524
So Pac Oreg 4s '77_ 674 644 644
So Pac S F Ter 4a '60. 1004 100 1004
So Hy gen 4s '68 A_ 394 374 384
So Ry 6s '94- 66 66 66
So Ry gen 6e '66_ 49 464 464
So Ry 6 Vi a '66_ 504 494 504
S W Bell Tel 3Vie'6«. 1074 10*4 1074
Staley A E 4a 46 _ 1044 104', 1044
Stand Oil N J 3s'61.. 101 1004 1004
Studebaker cv 6s‘45.. 644 62 62
Swift A Co 3 Vis '60... 1054 1054 1054
Tenn El Pw 6s'47 A.. 754 75 754
Term As St L 4s '68._ 1034 1034 1034
TexasCorp »4s 61._ 1054 105 105
Texas & Pao 5s '77 B. 79 784 79
Texas & Pac 6s '79 C. 794 79 794
Texas A Pac 6s '80 D. 794 794 79'*
Third Av ref 4s '60... 314 30 304
Third Av 1st 6s'37 .. 72-4 724 724
Third A ad In ex 6s’66 64 6', 64
Tide Wat Oil 3Vi#'62. 1014 1004 1014
Toronto H&B 4e'46.. 1034 103', 1034
Trl-Contl 6s'53_1054 1054 1054
Un Elec<Mo)3?4a'62_ 106% 106 106%
Un Oil Calif 3 %s '62. 107 107 107
Un Oil Calif 6a 42 A.. 117% 117% 117%
Union Pac 3%a'70__ 93 93 93
Union Pao 2%s '71... 92 92 92
Union Pac 1st 4s '47.. 111% 111% 111%
Un Pac 4s '47 rg-108% 108% 108%
Un Pac 1st rf 4s 200*. 106% 105% 105%
Utd Cgr W Sirs 6s'62. 72 72 72
United Drug 5s'63... 77% 76 76
Utd N J RR 4s'44_ 109 109 109
U S Rubber 6a'47_106V* 105 105%
Utah LtT 6s 44 A._ 79% 79% 79%
Utah P ft L. 6s *44_ 80% 80% 80%
Util P ft L. 6%s '47_ 60 50 50
Vanadium cv 6s'41_ 84% 83 83
VaS&Platrf 4s'66. 108V, 108% 108%
Va Ry 1st 3%a 66A.. 103% 103 103%
Wabash 4%s'76__ 10% 9% 9%
Wabash 1st 6s 39__ 54V* 54% 54%
Wabash 5%s '75__ 11 10% 10%
Walker H&S 4 %a'46. 103% 103% 103%
Walworth 4s 65_ 66% 66 66
Warner Bros cv 6s'39 72 71% 72
Warren Br cv 6s'41__ 35% 34 35%
Wstchr Ut gn 3%s'67 102V* 102 102%
Westchester Us 5a ‘60 121V* 121% 121%
W Sh 1st 48 2U61 gtd. 68 68 68
W Sli 1st 4s 2061 rg_ 60% 60% 60%
West Aid 1st 4s 52... 87% 86% 86%
WestMd6%s’77_ 88 8\'% 88
West Pac 6s 46 A__ 20 19% 20
West Pao 6a'46 A aa. 19 19 19
West Un 4%s’66_ 64 63% 63%
West Un 6a '61_ 67 66V, 66%
West Union 6a'60- 66% 65 65
Wheel Steel 4%a '*6.. 90% 90% 90%
W Sp Stl con 7a 36 ct. 14% 14% 14%
Wilson ft Co 3%a '47. 82 82 82
Wilson ft Co 4s'66_ 96% 96% 96%
r’ngatn SftT 4a '61_ 98 97 97
-•
FOREIGN EXCHANGES.
NEW YORK. Feb. 3 «4*i.—Leading Eu
ropean currencies reversed yesterday's
trend and moved forward over a wide front
in terms of the dollar today.
The pound pained •% of a cent and the
French franc of a cent. The guilder
was up .02 of a cent, the Swiss franc. .01 %
of a cent, and the belga .00% of a cent.
The dollar in London lost % of a cent
at 5.0012. while in Paris the American
unit was unchanged at the equivalent of
3.273 cents to the franc.
Noon rates follow; Great Britain in
dollars, others in cents: Great Britain,
demand. 5.01; cables. 6.01; «0-day bills.
5.00%; France, demand. 3.28: cables. 3.28;
Italy, demand. 5.26%; cables. 5.26%.
Demands: Belgium. 16.04: Germany,
free. 40.36: registered. 21.18; travel.
25.40: Holland. 56.86; Norway. 25.18;
Sweden. 25.83: Denmark. 22.37; Finland.
2.22; Switzerland. 23.10; Spain, unquoted:
Portugal. 4.56; Greece. .02%: Poland.
10.02; Czechoslovakia. 3.51%: Yugoslavia.
2.35: Austria. 18.05n: Hungary. 10.00:
Rumania. 75: Argentine. 33.35n; Brazil
(free!. 5.00n: Tokio. 29.05: Shanghai.
20.75: Hong Kong. 31.34: Mexico City.
27.80: Montreal, in New York. 100.01 A;
New York, in Montreal. 80.08A.
n—Nominal.
. FOREIGN MARKETS.
LONDON. Feb. 3 l/P).—Stock prices
moved irregularly today with iron and
steel shares on the ud side and oils and
mining securities selling lower. The gilt
edged division held firm, being helped
by the rapid response to the £2.000.000
Bristol Corp. offering. Trans-Atlantic
shares sold lower while domestic rails
remained quiet. Brazilian bonds reacted
as much as four points and other foreign
liens were mixed.
PARIS.—The Bourse closed with a heavy
tone and prices were generally lower.
8uez Canal issue declined 330 francs and
Royal Dutch was down more than 100
francs. Rentes lost 30 to 50 centimes and
B»n,k f’rance issue dropped 80 francs.
, futures were %d
to I ad net higher at the finish, advancing
2-„iiep.or = °,f good SBlM of Australian
grain to 8paln and an improved milling
demand.
, developments on the farm bill
at Washington, cotton futures here closed
K?,a,"/e?.t°.J Point up. Liquidation was
!S5Ufed by the, dullness In textiles and
there was gome light hedging.
NEW YORK PRODUCE.
NEW YORK. Feb. 3 (JP).—Eggs. 18.800;
steady at the decline. Mixed colors—
Special Packs. 19-30: standards 18%:
5r«t« fSi seconds. 17%-%: mediums and
dirties. No. l. 17: average checks. 16.
Mr‘*,eJZtor standards. 17-17%: llrsts,
**conds, 12-18; mediums, small
and dirties. 14-6 8.
gutter. 748.938. weaker. Creamery—
Hfjher than extra. 33>,.-34%; extra <92
score) 33-33%; firsts (88-91), 31-33;
seconds <84-87). 29-30%.
Cheese, 96,674, irregular: prices un
changed.
Dressed poultry quiet; boxes, fresh and
frozen, old roosters. 17-20: all other fresh
and frozen prices unchanged.
Live poultry, by freight, easy: chickens,
colored, IN. fowls, colored, 25%-27. mostly
26-27: Leghorns. 22.
By express, easy; chickans. Rocks. 22;
colored. 20: broilers. Rocks. 19%-23%.
mostly 1«'3-20: crosses. l7%-20. mostly
18-20: colored. 18-20: Reds, 17V.-20, most
ly.r0.,:,Le,hoJ.nt«.? 7‘l"1 ^ fowls- colored.
2514-27. mostly 25%-28%: Leghorns. *2
24. mostly 24: old roosters. ,18-18. mostly
15; turkeys, hens, 30; duck^/18-18%.
/
Retains Top Ranking for
Another Year—Canada
Second in List.
Bt the Associated Press.
The Commerce Department an
nounced today the United Kingdom
was the largest customer for United
States goods again last year.
Canada was second, followed In
order by Japan, Prance, Germany and
Mexico.
Canada ranked first in selling goods
to this country, followed by British
Malaya, Japan and the United King
dom.
Tne United Kingdom, now nego
tiating a trade agreement with the
United States, bought >535,000,000
worth of merchandise in this country
lr. 1937, out of total United States
shipments to the world of $3,345,
158.000.
The British purchases were 31 per
cent moreHhan in 1936.
Canada increased its buying here 33
per cent to $510,000,000. Japan, which
bought tot ton and other goods here in
large quantities until a few months
ago, bought $288,000,000, which was
$84,000,000 more than the United
States bought from Japan.
Britain and Canada also bought
more from the United States than
they sold. Canada's sales in this coun
try totaled $399,000,000 in 1937, an
Increase of 6 per cent over 1936.
China sold more goods to the United
States than it bought last year. Its
sales totaled $104,000,000 and its pur
chases approximately $70,000,000.
United States purchases from all
countries amounted last year to $3,
084.061.000. On a continental basis,
the largest gains in sales of American
products were made in South Amer
ica, whose purchases increased 56 per
cent last year.
. —-«-—.
BANKERS IN FAVOR
OF ETHICS CODES
Tell Senate Committee They In
dorse Establishment of
Associations.
Bs the Associated Press.
Investment bankers would like to
turn back to the days of N. R. A. code
regulations and form co-operative as
sociations to govern over-the-counter
trading, a group of eight of them told
the Senate Banking Committee yes
terday.
They protested unanimously against
adoption, at this time, of a section of
the Maloney bill which would increase
the Security and Exchange Commis
sion's powers over such transactions.
The bankers argued that Congress
would be employing the wrong psychol
ogy if it gave the S E. C. a police
man’s club and told it to make sure
that ’’voluntary” associations were
formed.
All. however, indorsed the portion
of the Maloney bill which would per
mit the establishment of associations,
under the general supervision of the
S. E. C. The associations would be
charged with promulgating and en
forcing codes of ethics to protect the
investing public.
REPUBLIC REPORTS NET
FOR YEAR $9,044,147
Br the Associated Press.
CLEVELAND, Feb. 3.—Republic
Steel Corp. reported net income for
1937 of $9,044,147 after all charges
and taxes, compared with $9,586,922
the previous year.
Net profits for 1937 amounted ap
proximately to $1.14 per share of com
mon stock on slightly more than
5,800,000 shares outstanding.
“The strike which occurred in the
middle of the year and the severe
decline of business in the fourth quar
ter resulted in substantially decreased
earnings," Tom Girdler, chairman of
the board, said in a statement “In
spite of these facts the year's net
profit was only slightly short of that
of 1936.”
—— -■ m
Washington Exchange
SALES.
Capital Traction 5s—$1,000 at 69.
AFTER CALL.
Washington Gas 5s, 1958—$1,000 at
105*4.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Anacostia & Pot. 5s_ 57 68
Ana. A Pot. Guar. 6s _107
C. & P. Tel. of Va. 5s _ 105
Cap. Traction R. R. 5s_ 87 75
City & Suburban 5s _ 60 65
Georgetown Gas 1st 5s_11.3
Pot. Elec. .Pow. .3*4s_103% 105
Wash. Gas 6s 1058 _ _ 105'* 106
Wash. Oas 5s 1060 _ 115
Wash. Rwy. & Elec. 4s_ 106*,* 1.1.
MISCELLANEOUS.
Chevy Chase Club 1st 4'is_ 103 _
Col. Country Club 1st 4 Via. 103 _
W. M. Cold Storage 5s . 100 _
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A Tel. (p> 131%
Capital Transit Co. _ p 10
N. & W. Steamboat (5>„ 55 85
Pot. Elec. Pow. 6c» old <R> 112 _
Pot. El. Pwr. 6'/2r> pf (5.50) 1111/* _
Wash. Gas Lt.. new (1.20) 81 _
Wash Gas pfd (4.50) *08 _
Wash. Ry. & El. com. (*36> 600 _
Wash. Ry. & El. Pfd. (5) ... 110 _
BANK AND TRUST COMPANY
Amer. Sec. & Tr. Co. (e8)_ 240 250
Bank of B»thesda (h.75) 32%
Capita! (4) 185 145
Com. & Saving* (elO)_230
Liberty (5) ..._150 160
Lincoln (f5) _ 176 240
Natl. Sav. A Tr. __ . 228 250
Pr. Georges Bk. A Tr. (.50) 81 27
Riggs <e8) 285 310
Rlees pfd. (f5) __ 101
Washington <6> 130
Wash. Loan & Tr. (e8)_ 240 255
FIRE INSURANCE.
American (6) 115 -
Firemen's (1.20) 28 _
National Union (.75)_ 13% -
aoNvansNi run,
Columbia (k30) 11 13
Real Eatate (m6) _150 —»
MISCELLANEOUS.
Carpel Corp <t2.00) 21 23%
Lanston Monotype (t4) _ 68%
Lincoln Svc. com. (thl.OO). 17 21
Lincoln Service pfd. (3.50).. . SO
Mergenthaler Lino. (2.00) 22% „ 23%
Peoples Dr. 8t. com. (tl.OO) 31 40
Peoples Dr St. pfd. (8.50) 112., 114
Real Est. MAG. pfd. (••.30) 4% 5%
Security Storage (6).. _ 105 120
Ter. Ref. & Wh. Corp. (3) 64 80
Wdwd. & Loth. com. (t 1.50) 50 58
Wdwd. A Loth pfd. (7)... 117 _
•Ex dividend. . ,,
(Plus extra. ie> 2% extra. (f) 2%%
extra. (h> 76c extra ••30e paid June
24. 1937. (g) $14 extra paid Noe. 30.
1937. k 30c extra, m $3.00 extra.
PIG LEAD SALES.
NEW. YORK, Feb. 3 OF).—St.
Joseph Lead Co. reports 135 tons of
pig lead from Southeast Missouri
mines sold yesterday at $4.75 per 100
pounds St. Louis. i
Advertising Gain |
Of 4,7 Per Cent '
Shown in Month
Bf the Associated Press.
NEW YORK, Feb. 3.—Printer's Ink
General Advertising Index, published .
today, showed a gain of 4.7 per cent I
in December over November when
corrected for seasonal variations, but
registered a decline of 3.6 per cent
from December, 1936.
Newspapers and magazines, account- j
ing for around 67 per cent of the
total, showed a decline in December ,
from the corresponding month of
1936, but the other three component
parts of the index—farm papers,
radio, outdoor advertising—were ahead
of the 1936 month.
Preliminary report for 1937 showed
a 5.5 per cent increase for the gen
eral index over 1936.
Washington Produce
BUTTER. 02 score. 1-pound prints. 38;
tub. 37; v«-pound prints. 30; oil score,
I pound prints. 30; tub. 36; U-pound
prints. 37.
MEATS—Choice beef. If); calves, 18;
Iambs. 17; veal. 18, sows. 15; fresh pork,
18. pork loin, 30. fresh ham. 21; large
skinned ham. 16: smoked ham. 23 Vi;
smoked skinned ham. 10: sliced bacon. 31;
piece bacon. 27. compound, lOVi; lard.
II Va.
LIVE 8TOCK—Pigs. 120-160 pounds.
73«-8. light pigs. 150-200 pounds. haS'/s;
medium” 200-250 pounds. 7V«a8: heavies,
260-300 pounds. 7!«-7‘a: sows, o'/aafi;
stags 6Vi down: calves, llail’a.
EGGS—Market about steady at un
changed prices Government graded and
dated eggs, whites. U. 8 extras, large. 23;
U 8. extras, mediums. 20. U. 8. standards,
large. 21: U. 8. standards, mediums. 10.
Nearby ungraded eggs current receipts,
lOalOVa: whites. 20a2O'a.
LIVE POULTRY—Market steady, nrices
unchanged Fowl, colored, heavy. 17a31;
No. 3s. 13al4; Leghorns. 14: roosters. 12a
13; chickens Virginia Rocks 18a2o:
Delaware Rocks and crosses. 18a20: mixed
colors. 14a 10 Young turkeys, hens. 25a
20; toms. 23a27: No. 2s. 20. Guineas, 2
pounds and over. 50a0n each; under 2
pounds. 40a50 each Capons, 7 pounds
and over. 28a30; slips and undersizes.
22a23.
Fruit* and Vegetable*.
8ale* in large loti by original receivers ‘
up to 8 a m. today
APPLES—Comme-clal: one Washington
arrived: three broken and one unbroken
cars on track: relief, two Virginia ar
rived: two broken cars on track. Bushel
baskets. U 8. No 1. supplies liberal: de
mand light: market steady; Maryland,
Pennsylvania Virginia and West Vir
ginia Grimes. 2'a-inch minimum. 40;
'-a-inch minimum 50-60: Staymans,
2'«-inch minimum. 60-05; 2',a-lnch mini
mum. 85-00; 2 U-inch minimum, l.oo
l.lo; Yorks. 2‘t-inch minimum. 50; 2'a
Inch minimum 65: 23,a-inch minimum.
”5-85: Black Twigs. 2'a-lnch minimum.
50; 2'2-inch minimum 65-75; Delicious.
2'a-lnch minimum 65-75, 2'a-inch mini
mum oo-l.oo; Golden Delicious. 2’a
inch minimum 50-60: 2'a-inch minimum.
00-1.00 '.fa-inch minimum 1.Hi.1.15.
Romes. 2'a-inch minimum. 50. 2'a-inch
minimum. 65-75: 23a-lnch minimum. 05
00; Winesaps. 2'a-lnch minimum. 85-00:
2-inch minimum. 50-60: Baldwins. 2'a
inch minimum, 75-85; 23a-lnch minimum,
oo-l.oo Spys. 2'a-inch minimum. 75-85;
2’a-tnch minimum. 85-00. Boxes and car
tons. Pennsylvania and Virginia, combina
tion extra lancy and fancy: Delicious.
1J3S-150S. 1.25-1.50. 72s-100s. 1.50
1.75: Staymans. I13S-150S. 1.15-1.35;
80s-100s. 1 35-1.60; Golden Delicious,
1J 3s-150s. 1.15-1.40. Mis-lOOs. 1.40
1.65: Paragons 113S-150S. 1.10-1.25;
OOs-IOOs. 135-1.50, Romes 113s-125s.
i .25-1 35; 72s-100s. 1.50-1.75. C grade.
Delicious. 1.00-1.25: Paragons. 00-1.00. as
to size; fancy. Grimes. 60-75, as to size.
BROCCOLI—No carlot arrivals, one
broken car on track. Supplies light de
mand light; market steady. California,
crates. 2.75.
CABBAGE—No' carlot arrivals: three
broken cars on track. Market steady.
Florida 1'2-bushel hampers, pointed type.
1.50; Texas. 'a Western crates, domes
tic round type 1.40-1.50; New York. 50- 1
pound sacks. Danish type. 1.35-1.50.
CELERY—No carlot arrivals; two
broken cars on track Market steady.
Florida. Florida standard crates indi
vidually washed 4-1.0 dozen. 2 00-2.50;
California one-half crates, individually
washed, three-four dozen. 2.25-2.50.
LETTUCE—One California arrived six
broken and five unbroken cars on track. ■
Market steady. Western crates Iceberg ,
type five dozen—California. 2.25-2.50. !
lew 2 75: Arizona. 2.15-2.50. few 2.75.
ONIONS—One New York arrived: two
unbroken ars on track. Market steady.
50-pound sack U S. No 1—Yellows New
York 1.50: Michigan and Ohio. 00-75
per cent 2 inches and larger. 1.05-1.75.
Valencias—Colorado 2-3 inches. 1.75; 3
inches and larger. 2.00.
PEAS—No carlot arrivals: one broken
car on track. Market steady. Florida,
bushel hampers, mostly around 1.75.
POTATOES—One Florida. 10 Maine
arrived: seven broken and 14 unbroken
cars on track. Market steady. loo
pound sacks. U. 8 No. 1—Maine. Green
Mountains 1.35-1.40; Cobblers. New Jer
sey. 1.25: Pennsylvania. 1.15-1.25. Rus
set Burbanks—Idaho. 1.85-1.00; Florida,
bushel crates Bliss Triumphs U. 8. No. 1.
1.85-2.00; U. S. No. 2. 1.50-1.00.
SPINACH—One Texas arrived: live
broken and one unbroken cars on track.
Market weak. Texas, bushel baskets
Savoy type. 85-1.00.
8WEET POTATOES—One South Caro
lina arrived: one unbroken car on track.
Supplies moderate: demand slow; market
dull. South Carolina, bushel baskets
Puerto Ricans. 1.25. North Carolina,
bushel baskets Puerto Ricans 1.00-1.15;
Jersey type 1.00: Nancy Halls. 1.15;
Maryland. Anne Arundel County, bushel
hampers Jersey type. 00-1.00.
TOMATOES—No carlot arrivals; no
cars on track: market steady. Florida,
truck receipts, lug boxes green and turn
ing wrapped 6x0 2.00-2.50. mostly 2.00
2.25: 6x7. 1.35-1.50.
MIXED VEGETABLES—One California
arrived, eight broken and one unbroken
cars on track,
SNAP BEANS—No carlot arrivals: no
cars on track: market steady. Florida,
bushel hampers Bountiluls. 2.25.
PEPPERS—Market stead*. Florida.
l’-2-bushel crates, green, medium to large
size. 2.50-3.00; small size. 2.00-2.25.
SQUASH—Supplies light; demand light:
market steady. Florida, bushel hampers,
white, wrapped. 1.50.
LIMA BEANS—Supplies light: demand
light, market steady. Florida, bushel
hampers. 4.00.
STRAWBERRIES—No carlot arrivals:
no cars on track. Supplies light: demand
light; market steady. Florida. 36-ptnt
crates 15 per pint.
EGGPLANT—Supplies light: demand
light: market steady. Florida, bushel
hampers fair quality. 1.26-1.50.
CUCUMBERS—Supplies Insufficient to
quote
KALE—Supplies light; demand light;
market steady. Virginia, bushel baskets.
50.
COLLARDS—Supplies light: demand
light: market steady. Virginia, bushel 1
baskets. 60.
CAULIFLOWER—One California ar
rived: two broken and one unbroken
cars on track. Supplies moderate: de
mand light; market steady. California,
crates. 1.50. fair condition. 1.35-1.40.
CARROTS—One California arrived:
three brokep cars on track. Supplies mod
erate: demand light: market steady. Cali
fornia. Western crates, bunched. 2.65
2.75: Texas, half Western crates. 1.25
1.35; Penncylvania. bushel baskets, topped,
washed 75.
BEETS—Texas. '2 crates. 1.15-1.25.
BRUSSELS SPROUTS—California. 25
pound drums. 3.00.
MUSHROOMS—Maryland and Pennsyl
vania. 3-pound baskets. 35-75.
PARSNIPS — Pennsylvania. Vi-bushel
baskets. 40-50.
RHUBARD—Michigan. 5-pound cartons.
50-05.
SHALLOTS—Louisiana. 40-50 per dozen
bunches.
AVOCADOS—Florida, flat crates. 75
1.50.
GRAPEFRUIT—One Florida arrived:
two broken and one unbroken cars on
track. Florida, boxes. 1.75-2.50. as to
grade and size.
ORANGES—No carlot arrivals; one
broken car on track. Florida, boxes. 1.75
2.60. as to grade and size.
TANGERINES — Florida. 4/5-bushel
crates. 75-1.25. as to grade and siie.
LEMONS—California, boxes. No. 1. 5.00
5.25: No. 2. 4.26-4.50.
KUMOUATS—Florida. 32-quart crates.
8-10 quart.
PINEAPPLES—Cuba, crates. 3.00-4.00.
HONEYDEWS—Chile, standard erates,
2.25-2.50.
NECTARINES AND PLUMS—Chile, flat
crates. 2.00-2.25.
PEARS—No carlot arrivals: one un
broken car on track. Oregon, boxes. Bose,
1.50; D Anjou. 2.25-2.50.
t _._
CHICAGO PRODUCE.
CHICAGO. Peb. 3 (/Pi.—Poultry, live.
24 trucks: steady. Hens. 5 lbs. and under.
23'/i: Leghorn hens. 19'4; Plymouth Rock
springs. 24 Va: White Rock. 24: other prices
unchanged. Dressed market steady: prices
unchanged.
Butter. 614.000: weak. Creamery, spe
cials (93 score). 3244-33>/4: extras (92).
32V«: extra firsts (90-91). 31 >4-44: firsts
(88-89). 30-31; seconds (84-87’i). 28-29;
standards (90. centralized carlots). 32.
Eggs. 12.709; weak. Fresh-graded extra
firsts, local. 17 cars. 17'/4: firsts, local.
16*4: cars. 17: current receipts. 16.
Potatoes, 46; on track. 333; total U. S.
shipments. 7.44. Old stock Idaho Russets
barely steady, slightly weaker tendency:
other stock about steady; demand very
slow; supplies liberal. Sacked, per cwt..
Idaho Russets. D. 8. No. l. 1.30-40;
U. 8. No. 2. l.lfi-17Va: Colorado Red Mc
Clures. U. 8. No. 1. 1.35-40; North Da
kota Bliss Triumphs. 90 per cent D. 8.
No. 1 and better. 1.00-12'/a: Cobblers. V. 8.
per cent D. 8. No. 1. 1.00- Wisconsin round
Whitts. U. 8. No. 1. 1.00: VJ. 8. commer
cials. 90; Michigan Russet Rurals. U. 8
No 1. 1.05. New stock, weak: demand
slow. Bushel crates, track sales less
than carlots. Bliss Triumphs. Florida. U.
8. No. I. 1.82Va-70; U 8. No. 2. few sales.
1.55-60: Texas. II. 8. No. 1. 1.55; XJ. 8.#
No 2. 1.40; Cuba. 50-lb. sacks. V. 8. No.
1. 1.50; street sales. Florida. V. 8. No.
1. 1.76.
MONTREAL SILVER.
MONTREAL. Peb. 8 OP)—Silver futures
opened 10 points ef. Bids: March. 44.36;
May. 44.25; Jul*.A4.05.
FOR USED-CAR ILLS
ndustry to Work Out Own :
Salvation, Is Opinion
of Observers.
If the Associated Press.
DETROIT, Feb. 3.—The motor ear
ndustry, In the opinion of leading ob
ervers, probably will work out its own
olutlon of the problem presented by
he close to 800,000 used vehicles in
lealers’ hands.
Much speculation continues in trade
ircles as to whether the solution will
* an industry-promoted junking pro
Tam. a further tightening up on used
ar allowances, a definite decision to
»ut a “no value” tag on vehicles be
ond a certain age that might be
offered in trade, or some plan as yet
mdeveloped.
Among the leading producers and
nore prominent distributors the con
Iction appears to be growing, how
ver, that a solution will be discovered
md that it will be one in which the
ndustry itself will provide the im
letus. The motor car market is not
urrently at a complete standstill, but
actory shipments are limited almost
ntirely to the volume of cars, new
nd old, that dealers are able to move
ut of their stocks on hand.
Thus production in most plants is
n a week-to-week basis. Despite the
lowing down in factory activity, pre
Iminary figures indicate the aggregate
ssemblies for January will be close to
25,000 units, with the outlook for the
•resent month still uncertain, but
ikely to be covered wholly by the
novement of the new and used units
»ut of dealers’ hands.
Because so great a part of the motor
:ar Industry’s business is strictly a
eplacement proposition, the need for
leflnitely eliminating a large number
if the older models from use is con
seded by most sales managers.
Most of the use# cars taken in trade
>y dealers and awaiting redistribution
ire vehicles with much unused mileage
tt prices reduced because of the voN
•me of such units on hand, they repre
ient bargains to persons of moderate
neans, say the sales executives. It is
dong this line of sales argument that
he trade and Industry are endeavoring
o get the heavy accumulation of used
vehicles moving.
APPLE HOLDINGS RISE.
WINCHESTER, Va, Feb. 3 (Spe
cial).—Nearly 83,000 barrels of apples
had rolled out of three cold storage
plants here in January, a survey dis
closed today, but on February 1 there
remained to be disposed of 434,309
barrels. Total holdings at this time
were greater than for the last two,
seasons on that date, the total for
1937 being 265,623 barrels, and for
February 1, 1936, 181,039 barrels.
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
Chain Steel Files
Desks Steel Cabinets
Tables Safes
BAUM’S FURNITURE HOUSE
1416 Eys «t. N.W. PhMS NA. *184
Money for Construction Loans
and
Loans on Existing Properties
5%
FIRST DEED OF TRUST ONLY
GEORGE I. RORGER
643 Indiana Are. N.W.
Nat*! 0350
Monthly Payment
REAL ESTATE
LOANS
On Improved Property
INTEREST
No Renewals
Consult Real Estate Department
American Security
AND TRUST COMPANY
MAIN office: Fifteenth St. and Pennsylvania Ave.
Branch Offices
7th and Mass. Ave.,N. W. Seventh and E St., S. W.
Eighth and H Sta., N. E. 1140 Fifteenth St., N. W.
LONG TERM
Mortgage Loans
Monthly Payments ol
$6-60 on each $1,000
borrowed, include interest and
pay off loan in 20 years.
• Interest charged only on
unpaid balance of principal.
• Amount loaned—up to
6654% of appraised value.
• Valuable prepayment privi
leges.
Other plans of financing first
mortgage loans available
H. L. RUST COMPANY
1001 fifteenth St NAtional 8100
I
F.YMKNTS include inter
est and curtail . . . No
commissions . . . No re
newal fees . . . Let us help
you solve your problems
with a loan through one of
the largest building associ
ations in the United States.
Perpetual has always had a reputation for sound, fair appraisals.
Over 200 borrowers per month were advanced loans last year.
Ptrptlual nowbaiortr Regular U.S. Treasury
__ . , , Dtpt. anaminationt
55,000 borrowing and , ...
are tuppltmtnttd by
tarlugt mambtxt. special C.P.A. audits.
Largest In Washington—Assets Over $46,000,000
ARTHUR G. BISHOP EDWARD C. BALTZ MARVIN A. CUST13
Chairman at Tha Board Secretary President

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