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Evening star. [volume] (Washington, D.C.) 1854-1972, March 03, 1938, Image 18

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POSTAL RECEIPTS
OF IN FEBRUARY
Revenues at City Office Are
5.94 Per Cent Under Same
Month a Year Ago.
By EDWARD C. STONE.
Postal receipts in the Capital in
February took a tumble from the
like period a year ago, it was learned
today at the City Post Office.
February re'eipts amounted to
*547,277.17 In the second month of
this year, in comparison with *581.
899 in February. 1937, or a decrease
of 5.94 per cent, the report disclosed.
Revenues at the City Past Office for
the first two months of the present
year are also under the total for the
corresponding two months last year,
*1,129.446 comparing with $1,159,402
in Janaary and February, 1937.
Postal receipts include revenues
from the sale of all regular stamps,
airmail, special delivery, registered
mail, parcel post, money orders—in
fact, the returns from handling all
first and second class mail matter.
March is expected to show a pick
up in receipts, although the lateness
of Easter this year may prevent any
marked change in the figures.
Banks Push Housing Loans.
Evidence in the banking district
again today indicated growing in
terest in modernization loans now
being made under the amended Fed
eral Housing Act of 1938. The num
ber of applications is mounting stead
ily. it was reported.
Washington banks which are en
deavoring to create more jobs in
the trades, lift the demand for build
ing materials and put more money
In circulation througii a lively de
mand for renovizing loans include
the American Security &- Trust Co.,
Anacostia Bank, Bank of Commerce
«5i Savings. Columbia National, Ham
ilton National. Liberty Nation?.. Lin
coln National, McLachlen Banking
Corp.. Morris Plan, Munsey Trust,
National Bank of Washington, Na
tional Capital, National Metropolitan,
National Savings & Trust, Riggs Na
tional, Second National. Security
Savings & Commercial, Union Trust
and Washington Loan & Trust.
Newspaper advertising material In
the new co-operative housing loan
drive was prepared by the Advertis
ing Committee of the District Bank
ers' Association, composed of T.
Stanley Holland, chairman: Robert
L. Flather. vice chairman: Hilleary
C-. Hoskinson. Eliot K. Thomson and
E. Percival Wilson. Mr. Thomson
and Mr. Flather are former chairmen
of the same committee.
D. C. Express Shipments Mount.
The Washington office of the Rail
way Express Agency today reported
substantial improvement in business
in the Capital in February over the
like month last year, an increase of
5,824 shipments being registered. This
was a gain of 4.4 per cent over Feb
ruary, 1937.
The report covers both large and
small shipments of every description,
and in this connection it is interesting
to note that the great number of
students in the Capital play an im
portant. part in the express business
during those months when the col
leges and universities are in session.
Many of these students express laun
dry home “collect" and receive it
back “prepaid" by loyal parents.
Officials here called attention today
to the fact that tomorrow will mark
the 99th anniversary of the founding
of express service in this country. It
was established on March 4. 1839. by
■William F. Harden, a railroad con
ductor, of Boston, known as the “car
petbag expressman." Henry Wells
and Alvin Adams were the next lead
ing figures in the early development
period.
Reports Business Upswing.
George L. Naramorc. manager of
the Washington office of the Fidelity
Investment Association, said today
that business was 15 per cent better
in February this year than in the
like period a year ago. He declares
there is no let-up in business here
of any real proportions. All one has
to do to meet present conditions, he
adds, is to see a few more people and
perhaps work longer hours.
He reported that sales for the eoun
try in 1937 increased 58 per cent
over the previous year, while sales ■
for January this year were 46 per
cent better than in January. 1937.
Investment holdings and total re
sources made marked gains in 1937,
according to word received from Presi
dent Carmi A. Thompson.
Haekett Heads Contractors.
Horatio B. Haekett, former assistant
administrator of Public Works, has J
been elected president of the Thomp
son-Starrett Co., general contractors, I
New York, it was announced here to
day.
For three and one-half years Col.
Haekett was Administrator Ickes'
right-hand man in Washington. For
merly director of housing under Mr.
Ickes. he laid the foundation for the
Government’s first low-rent housing
program costing approximately $150,
000,000. As assistant P. W. A. admin
istrator he supervised construction of
more than 12,000 projects involving
expenditure of $1,500,000,000.
Col. Haekett said in New York yes
terday he believed there is a great
opportunity for the constructidh in
dustry to co-operate with the Gov
ernment in bringing about economic
recovery.
Savings Conference Opens.
The annual spring savings confer
ence of the American Bankers’ Asso
ciation opened a two-day session in
New York today, heavy registration
being reported. Henry S. Sherman,
head of the A. B. A. savings division,
is presiding. Today’s topics included
“Savings in a New Era," "Expanding
Mortgage Holdings Profitably,” "Re
quirements of a Mortgage Market"
and “Investment Policies.” George O.
Vass of the Riggs National Bank
will appear on the program tomorrow
afternoon.
Voters of 74 municipalities located
In 25 States during the month of
February approved municipal bond
Issues aggregating $4,900,600, as com
pared with $3,603,771 bonds approved
during January, according to the Daily
Bond Buyer.
Transit Stock Stronger.
Capital Transit stock opened trad
ing on the Washington Stock Ex
change today with a sale of 96 shares
at 8‘4, unchanged from the last pre
vious transfer. Later five more shares
changed hands at 8V the market
closing with 8 bid and 81* asked.
Rudolph W’. Santelmann said today
that over 500 reservations have been
made for the annual dinner of the
District Building & Loan League, at
the Mayflower Hotel, Saturday night.
The value of retail sale of new auto
mobiles in January was 44 per cent
lower than in January, 1937, and 27
per cent from 1936, the Commerce De
partment reports.
\
i
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Print* Wirt Direct te Tht Mar.
Prev. 1938 Stock and Sties— Net
Huh. Low Dividend Rate Add 00. High. Low Close, ehge
10% 8% Adams Exp (.60g). 12 9% 9% 9% + %
23 19% Addressograph 1.40 1 21% 21% 21%
58% 45% Air Reduction (la). 12 55% 54% 55% + %
134, 10% Alaska Jun (.60a).. 4 11% 11% 11%-%
17', 11% Alleg *30 ww _ 9 16% 14% 15 - %
17% 12 Alleg pf *40 ww_ 1 14% 14% 14%-%
17% 12 Alleg pfxw _ 1 14% 14% 14%-%
17% 13% Alleg prior pf_ 1 15*4 15% 15% - %
21*4 15% Alleghany Steel_ 2 16% 16% 16%-%
176% 154% Allied Chem (6) .. x 4 167 167 167 -1
14% 11 Allied Mills (I*)... 1 12% 12% 12%-%
9% 6% Allied Stores .. 4 7% 7% 7%
61% 38 All’s-Chalm(.37%e) 46 47% 45% 46% - %
15% 11% Alpha Port Cem (1) 1 13 13 13 -%
72',a 57 Amerada (2) . 5 68% 67% 67% -1%
15'. 11 Am Bank Note ,50e. 4 15 14% 15 + %
54% 49% Am Bank Not pf(3) 160s 55 54 55 -1
42% 30% Am Brake Sh 3.40g 3 39V- 38 38 -1%
125% 120 Am Brake Spf 5.25. 100s 121 121 121
91% 70% Am Can (4) 4 87 87 87 -2
167 163 Am Can pf (7) _ 1 165 165 165 +2
27% 19% Am Car & Fy 25g . 4 23% 23 23% - %
50 37 Am Car & Fy pf 4g. 1 44 44 44 +1
17% 12% Am Ch&Cabie ,25e x 12 15% 14j, 14%
13*i 10% Am Come! Alco 50g 1 12% 12% 12% + %
16*4 13% Am Crys Sug ,50e 6 14 )3% 14
4*4 3% Am Encaustic Til . 3 3% 3', 37, _ 14
4% 3 Am «: Foreign Pwr ' 1 3% 3', 3% + %
4% 3 Am Hide A-Leather 1 3% 31, 31. + 4
37% 33% Am Home Prod 2.40 4 3g 33 33 " _
23% 16'- Am Locomotive 13 21% 21 21% — %
14% 12% Am Mach & Fy 20* 1 13% 1314 131.
5% 3% Am Mach & Metals . 2 4 4 4 _ ,
38*4 29 Am Metal (3g) 4 32% 32% 3044 — i
20% 25 Am News (.250 x 60s 27 26% 26% -r* 1
7% 4 Am Power & Light 8 5 5 5 1
40% 26 AmPAL*«rflHk 3 31% 31% 31% - % |
14% 11% Am Rad & St .60 29 13% 12', 13%+%!
22 , 17% Am Rolling Mill 9 19'., 39 jo _ ,
78 66 Am Roll M pf 4.50 . 3 75% 75% 7,5% + %
14% 10 Am Seating 1 25g 2 11V, 11% n%
35% 28 Am Shipbuldg (2) 20, 30 30 30
56% 44% Am Sm & Ref 1.25*. 21 50 4f% 50
34*1 22*, Am Steel Foun ,2oe 10 30 29% 09% _
11% 8% Am Stores 3 8% ~8% 8% - %
149*4 127% Am Tel & Teleg (9) 14 135'. 135% 135’, -1%
71 60', Am Tobacco (5) 1 65 65 65 - %
<2% 63% Am Tobacco! B) (5) 2 66', 66% 66% - %
• » 5% Am Type Founders. 2 6% 6’, 6%
13% 8% Am Waterworks.. 7 9% 9% 9% + %
•V% 4 Am Woolen _ 1 4% 4,, 4,,. _ ,v
35*i 27 Am Woolen pf 5 33% 33% 33% - %
Sl -■ 4*4 Am Zinc Lead * Sm 7 7 6', 7 - %
36% 27% Anaconda Cop .2 je 78 33 32% 33 + %
50 36 Anacon W & Cable 1 39 39 39
18 15% Anchor Hock G 60a 1 17% 47% 17% _ 1*
*>% 5% Armour! Ill I 17 5% 51, 3% I
39 20% Armstrong (.25*) 4 34% 34 34 _ ij1
7% 6% Arnold Const .37 %* 1 7% 7% 7%
5% 3% Artloom Corn 1 4% 4% 4% % 1
8% 6% Assn Dry Goods 4 7% 7 7 _ % j
42 32 A tch T4SF (2s) 22 35 -36% 37% - % 1
72 60% Atch T& S F pf (5) 4 65 63'. 63'. -2'. 1
27% 20% Atl Coast L 1 5(>g 4 24 23% 23’,' *
7% 5% Atl Gulf* Wind 2 7 7 “7 + t,
24 20 Atl Refining (]) 19 23', 23 , 23! • - %
107_ 104% Atl Refining pf (4) 5 106', 106'. 106% - %
9% 7% Atlas Corp i .SO) 3 7%, 7^ 7^ _
48 42 Atlas Powder ( 50e) l 47 47 47 ' -1
118'.'105 Atlas Powder pf(5) 40s 119 119 119 4- %
6% 3% Auburn Auto _ 14 4 4
4*, 3% AiiationCorp _ 4 3% 3% 3,,
10*4 7% Baldwin Loc ct_ 12 10 9', 10
10', 7*4 Balto&Ohio _ 1] 9% 9% <)'„ _ 1
13% 9% Balto&Ohiopf_ 6 11', Hi. n% — %
19 14% Barber Co (lg)_ 9 17% 17% 17%-*,
16% 13 Barnsdall(l) ... 13 15% 15% 151,
12*, 10%. Bayuk Cgr .ISe 1 12% 12% 12% + %
17*4. 15 Beatrice Cr (la 1 . 2 17 16% 17 4- %
8% 7% Belding-Hem(.25e). 1 7% 7', 7', — %
15', 10', Bendix Aviation 6 12', 12% 12% - %
19 16% Beneficial l.n .45e _ 2 19 19 19
40%. 29 Best & Co (2.50a) ... 1 39'. 39% 39% 4- %
65', 50% Bethlehem Steel . 103 57% 56% 57% - %
16%. 14% Beth 5% pf (1) x 1 15% 15,; ]3% 4- 1,
28 20% Bigelow-Sanford .. 1 23*, 23*, 23*4
17', 12% Black & Decker __ 2 15 14%. 141., — %
14 11% Hlaw-Knox 1 2dg 32 14', 13% 14%. + %
35%. 25', Boeing Aero ( 4fig) 15 29% 28% 29% — ",
44% 40 Bon Ami (Bt 62%e 70s 43% 43%. 43%
30 23% Bohn Alum&Br( 4g) 1 26% 26% 26%
13'. 12 Bond Stores (] 60) 1 12% 12% 12% + %
19% 17% Borden il 60) 2 18% 18% 18% + %
28%. 21%. Borg-Warner <2a) 37 28% 26% 27', +1%
4% 3 Boston & Maine 1 3% 3*, 3% 4- %
22', 16% Bower Roller!.5<>e). 2 18% 15%. 18% —1%
10', 7', Bridgeport Brass .. 5 8% 8% S',
26% 19% Briggs Mfg (4g) . 9 23% 23 23 — %
34 28 Bristol-Myers 2.40. 1 31% 31% 31% + %
2% 1’, Rklyn & Queens ... 1 It, 1', 1% — %
1 21%. 14% Bklyn Union Gas ‘ 1 15*, 15*, 15% — %
9% 7% Rucyrus-Erie 75g.. 7 8', 8% 8', — %
81% 78 Bucyrus-E pf (7)... 20s 80 80 go
6’, 4% Budd Mfg _ 2 5% 5% 5%
54% 40 Budd Mfg pf _ 100s 48% 47% 47% - V,
5% 3', Budd Wheel 20g_ 5 4% 4% 4%
i 20 15% Bullard Co 25e .. x 3 19% 19 19 - %
31% 24% Bulova Watch (4) 20 32', 30% 31% +1
9% 7 Burlington Millsfl) 2 8% 8% 8% - %
20% 16% Burr's Add M (.20*) 4 18% 18 18
3% 2 Bush Term (r) 3 2% 2% 2% — %
11 7 Bush T 7% deb (r) 1 8 8 8 ' - %
16 12%Bush T Bid pf ct(r) 20s 14 14 14
8*. 6', Butler Bros ( 60) 2 8 8 8 - %
22 19 Butler Bros pf (11.4) 1 21% 21% 21%
4% 3 Butte Copper 10g . 2 3% 3%. 3% — %
11’, 8% Byers & Co __ 1 95, 9', 9% - %
24%. 19 Calif Pack (1.50a).. 3 21% 21% 21% - %
2%- 1% Callahan Zinc 5 1', 1% 1’, + %
10% 6% Calum & Hec 1.10g. 4 8', 8% 8*,- %
In*, 10 Campbell Wv (1) 3 14% 14% 141.
19% 13% Canada Dry G Ale . 23 18*, 18% 18% - »,
8% 6’, Canadian Pacific .. 10 6', 6', 6% - %
7% 4', Cap Adm(A) 30g .. 1 6% 6% 6% — %
4% 3% Carriers & Gen .3 jg_ 2 3% 35, 3%
97% 79 Case <J I) i6g> . 3 88 87 88 -2
109 98% Case (J I) pf (7) .. 50s 109%. 109% 109', + %
55% 39% Caterpill Trac 50e 5 47 46*, 46% — %
102% 100%Caterpillar T pf (5). 7 102% 102% 102%
18', 14 CelaneseCorp 1 15% 15% 15a, _ i;
25% IS Celotex Corp 1.20g 3 20% 20% 20% — *«
02% 55% Celotex Corp pf (5) 100s 60 60 60 -2%
4%, 3% Central Foundry 1 3», 3% 95, _ 1,
46% 35% Cerro de Pasco (le) 3 41 40% 41 — %
32% 22% Certain-teed pf 10s 30 30 30 — %
10-5*, 103%Champ P & F pf (6) 10s 105*; 105*, 105% + %
48%. 37% Ches Corp (3) 21 48% 46% 48%
38% 131, Ches & Ohio 1.50e . 35 37 35% 37
1% % Chi Great Wn (r) 1 % *, s4
1', 1% Chi M StP & P pftr) 3 1*, 1% 1%
1% 1 Chi & Northwn (r) 4 1*, 1% 1’,+ %
12', 9% Phi Pneu Tool 6 11% 11% 1!% - %
32% 27 Chi Pneu Tcv pf (3) 1 29% 29% 29% - %
2% 1% Chi Rl&P 6% pf(r) 1 1% 1% 1%
16% 12% Chickasho C 0.50e 1 15% 15% 151,— %
5% 3*, Childs Co 4 5% 5% 5% + %
37 32', Chile Copper (,50e) 20s 35 35 35 -1
63% 46*, Chrysler Corp 98 53% 52% 53 — %
13% 11% City Ice & Fuel (2). 8 11%, H ]] _ %
41 33% Climax Molb ,30e . 5 39% 39 39% — %
15% 13% Cluett Peabody (1) 1 15 15 15
117', 111 Cluett Peab pf (7) 20s 116 116 116 —1
125 112 Coca-Cola (.50e) . 1 123 123 123 — v4
11'. 8% Colgate.Palm-Pete 6 9*, 95, 9% — %
27*4 20% Collins & Aik ,50e 1 2tf% 23% 23% + %
20 15 Colo Fuel & ir (lg) 2 16 154, 15% - %
11% 8 Colo & South 1st pf 10s 10% 10% 10%—%
22% 17% Columb B CIA I 40* 1 18 18 lg - a4
9% 6% Columb G & El .45g 14 7% 7% 7%
65 60 Col G & El pf (5) ... 20s 60 57 57 -4%
76 62V, Colum Carbon (4)_. 2 66 66 66 -4
38% 31% Come! Credit (4)_ 1 35% 35% 35% - %
44% 36 Cornel Inv Tr (4)... 7 43V, 43% 43% + %
10 7% Cornel Solv (.60) __ 6 8% 8% 8% - %
27% 22’, Comwlth Edis 1.25 2 24 24 24 — %
2 1% Comwlth & South’n 36 1% 1*, 1% _ %
42V* 30 Comw &So pf 1.50k. 2 36% 36% 36%
7% 6 Conde-Nsst Pub 1 6*, 6% 6',+ 14
24V,- 20% Congoleum-N 25* . 2 22% 22% 22%+%
8 7% Congress Cgr (lg) . 2 7% 7% 7%
19% 13% Consol Aircraft 50g 4 16*, 16 16*, — %
25% 20V, Consol Edis ( 50*1. 11 21% 21s, 21% - %
96% 90 Consol Edis pf (6). 6 92% 92 92
10% 8% Consol Oil (.80) . 19 9% 9% 9% — %
7% 3% Consol RR Cuba pf. 3 614 6% 6% - %
*2 % Consol Textile (r)_ 1 % % %
16% 12% Contain Corp 1.20._ 14 15 14% 14% - 14
16% 10% Conti Baking 1 A).6 14% 14 14% - %
2% JVi Conti Baking (B)_ 3 IV, 1% 1% - %
45*, 38% Conti Can (,50e) .. 4 43 42% 43 — %
32 27% Conti Insur (160a). 4 31% 31 31 — %
1*, 1% Conti Motor 4 1% 114 144 + 14
34% 27% Conti Oil (Del) .25* 13 32% 32 32 -%
56 49V, Corn Exchange (3). 40s 50% 50 50 - %
65% 58% Corn Products (3).. 3 64% 64% 64%
4*, 35* Coty (.10g) 6 4% 4% 4% + %
29% 19 Crane Co (lg)- 36 28% 27% 28%
10% 8 Crosley Radio . .. 4 8% 8% 8% — %
39% 31% Crown Cork&S 50e. 5 34 33% 34 — %
12% 9% Crown Zeller .50e— 6 10% 10% 10% - %
44*, 31% Crucible Steel_ 2 36% 36 * 36% + Vi
1% % Cuba Co (r)_ 3 % % % — 14
13% 6% Cuba R P, pf. 200s 10 9% 9% — v%
5% 4 Cuban-Am Sugar . 2 4% 4% 4% - 14
87 70 Cub-Am Sug pf 18g 10* 75 75 75 -1
18% 15 Cudahy Packing . 1 16% 16% I6v» -t- Vi
50% 39 Curtis Pub pf (2k). 2 47 47 47 _
5% 4 Curtiss-Wright 22 4% 4% 4% — %
18% 1354 Curtiss-VVr(A).50g 11 16% 16% 165,— v;
52% 48% Cushman *7 pf 3.50 10s 52 52 52 — %
24% 15% Cutler-Hammer 41 20*« 19V, 20 + %
9% 8% Davison Chem .60g 2 85, 8% 8% — %
107 102% Dayton P&Lpf 4.50 60s 105% 105 105 -1
25V, 1814 Deere & Co 75 24 23% 23% — %
25 21% Deere & Co pf (1.40) 3 22% 22% 22%+%
17% 13% Del A Hudson 4 15% 15% 15%-%
8% 6V« Del Lack & Western 2 7% 75, T% — %
2% 1', Den&RioGW pftr) 1 2 2 2 -%
108 89 Detroit Edison (2e) 1 92 92 92
36 31% Diam Match pf 1.50 1 35% 35% 35% -I %
9% 6% DlamonT Met (II 7 7% 7 7
16 12% Dis Corp-Seag 50*. 2 145, 14'% 14% — %
34 30 Dixie-Vor (A) 2.60. 10s 32 32 32 - 54
60s, 53% Dome Mines 2e .. 7 56V, 56 56%-%
46% 35 Douglas Aircraft... 22 4P% 39'/, 40% + %
112 87% Dow Chem l.75e) ... 1110 110 110
22 19% Dresser (A) 1.50g._ 1 20% 20% 20%
123% 106 Du PontdeN 50*.. 16 118% 116% 118 +%
114 111 Dupont de N pf 4.60 2 114 114 1M
/ t
, Prev. 1938 Stock and Sales— Net
Hith. Low Dividend Rate Add 00. Hlkh. Low Close, ehgt.
167 149% Eastman Kod 3.50e x 1 154% 154% 154% - %
21% 15% Eaton Mfg (.25e) . 2 17% 17 17 - %
21% 154 El Auto Lite (,25e). 4 19% 19% 19% - V4
104 8 Elec Boat (.60g) . 3 9 9 9
4 3% El* Mus Inst.19k .1 3% 3% 34 - %
134 814 Elec Pwr & Light 23 9% 94 94
40 26 Elec PwrftLt $fi pf 1 32% 32% 32%-1%
22 17 E! Paso Nat G (2a). 7 214 20% 204-4
6% 34 Ena Public Service. 7 44 44 44 +4
494 40 Eng Pub Svc pf (5). 3 464 444 464 +4
64 3 Erie R R .. 1 34 34 34 - 4
7 3% Erie 2d pf _ 1 3% 34 34 + Vi
5% 34 Eureka V acuum Cl. 2 4 4 4 —4
2 % P’airbanks Co ... 100g 1 1 1-4
33% 24 Falrbanks-M (1) .. 26 314 29% 314 + 4
33 28% Fajardo Sugar (le). 4 31 31 31 - %
10% 8 Fed Lt & Trac (lg). 1 104 104 104 - 4
44 24 Federal Motor _ 3 34 34 34
2 14 Federal Wat Sv(A). 1 14 14 14
33% 27 Fid Phoenix 1.60a . 4 31% 314 31% + 4
25% 18% Firestone ( 50e > 7 204 20% 20% — 4
34% 23 First Natl Sts 625e 2 33% 334 334 -4
184 144 Flintkoie (1) . 18 17% 17 17% + 4
3 2% Follansbee Bros(r). 1 24 24 24 —4
96 89 Food Mach pf (4.60) 80s 96 95% 96
20% 14% Foster Wheeler . 3 18 174 174 -4
23 22% Freeport Sulph (2). 7 264 254 254 — 4
2% I** Gabriel J A) 3 2 2 2 +4
5 3% Gair (Robert)_ 2 4 4 4 -4
If , 134 Gamewell 20* 164 164 164
7' 5% Gar Wood Ind .25g 3 6'* 64 64 -4
45% 85% Gen Am Trans 3 50g 2 43 42'* 424 —1
!' 7% Gen Raking ( 60a) 2 8 74 74
1214 118 Gen Baking pf (8).. 10s 121% 121% 121% +1
13 84 Gen Cable _ 4 104 10 10 » 4
23 244 Gen Cigar .50e ... 1 26 26 26 -4
120% 1104 Gen Cigar pf (7)... 20sllR 118 118 -%
45% .76% Gen Flee (2 20g) ... 112 404 394 404 + 4
33% 30 Gen Foods (2) _ 6 314 314 314 + 4
1% 1 Gen Gas * Elec (A) 4 .14 1 1
57% 50% Gen Mills (3) ... 1 56 56 56
121% 118 Gen Mills pf (6) .. 10* 120 120 120 -4
38% 29% Gen Motors (,25e).. 85 354 34% 34%-%
116 112%- Gen Motors pf (5).. 2 1154 115 115 -4
9% 7% Gen Print Ink ,10e 6 94 94 94 -4
106 102 Gen Print Ink pf(6) 10* 105 105 105
26% 18% Gen Rv Sig (,50e) .. 4 22% 22 22% -14
2 14 Gen Realty * Util . ■ 1 14 1% 1%
IP 15 Gen Realtv & Ut pf. 4 19 18% 18%
28 19% Gen Refract (2g).. 1 244 244 244 -4
28% 19%. Gen Steel Cast pf 290s 25% 24% 254 +4
14%. 10% Gen Tire & Rub ,50g 5 124 12% 12%-%
11% 94 Gillette Saf R .25e . 2 10% 10*. 10% - 4
9% 6% Gimbel Bros _ 4 8 7% 74 — 4
27% 204 Glidden Co (2)_ 6 22% 224 224 -%
34 3 Goebel Brew .20 x 1 3% 3% 3% + A
194 13 , Goodrich IP. Ft 6 164 16% 16% - 4
57%. 46%. Goodrich pf (5) 1 52% 52’, 52’, — V,
21 17% Goodyear Tire(.25e) 14 22 21% 22
89 76 Goodyear pf (5) 2 86 85% 854 -1%
2 14 Grahani-Palge _ 4h 14 14 14 — 4
27% 22% Grant (WT) 85e 3 25% 254 254 — 4
264 19 Great North’n pf 2g 16 23% 23V, 23’, - V,
15% 11% GrtNorOrect 75e 2 124 124 124 — V,
32 264 Great Wn Sug 2 40* 2 30 .70 30
21% 16 Green (HL) 1 60* . 2 184 18 184 + 4
10% 84 Greyhound (.80) .. 4 104 94 104 + V,
84 7% Grevhound pf 55) 1 74 74 74 - Vi
34 32 Hack Water pf 1.75 30s 32% 32% 32%
7 5% Hall (WT) Printing 5 7 7 7
25 20 Harb-Walke 25e... 4 214 21 21 - 4
2% 14 Haves Body .. 6 2 2 2
74 6 Heeker Prod (.60) 3 64 64 64
152%. 140 Helme (GW) pf (7) 20* 148 148 148 -2
17 124 Hercules Mot (1) . 2 15 15 15 - 4
58 49% Hercules Pow ,40e _. 1 00% 55% 55% — %
22%. 17 Holland Furn (le) . 7 22% 22 22%
65% 52% Homestake Min 4 4 8 60 59% 60
25 214 Houd-Her (A) 2% .. 1 224 224 224 -14
114 8% Houd-Her B (1 %).. 2 10 94 94 - 4
514 46%. Household Fin (♦)_. 2 51 50’, 504 — 4
84 64 Houston Oil 11 8 74 8 —4
53% 41% Howe Sound (3a) .. 6 48% 47’, 48 -2
14 14 Hupp Motor __ 7 JV, 14 14 - 4
12% S% Illinois Central . 11 114 10% 114 + 4
38 29 Illinois Cent LL (4) 10* 33% 33% 33% t 4
84 64 Indian Refining. 15g .7 6% 6% 6% — v,
22 16 lndust Ra.von.25e 3 201 20%. 20%. — %
78% 61 Inland Steel (4) 12 74% 72 74 +1%
15% 94 Inspiration Copper 12 13% 12% 13% + 4
25 17 Interchemicai Corp l 22% 22% 22% — %
95 83% Intel, hem pf 161 40s 84%. 84% 84%.
1% 3% Intercom! Rubber 1 '3% 3% 3% — %
13% 9 Interlake Iron 65g. 8 10% 10’, 104 + 4
34 2% lntl Agricultural . 2 34 34 34 — 4
29 20 lntl Agric pr pf 3g 1 25 25 25 -1%
70 554 lntl Harvest (2.50) 13 67', 6S4 674 —14
150 142% lntl Harv pf (7) 1 152 152 152 +2V,
7% 44 lntl Hydro-Elect A) 4 5% f)% 5% — 4
44 3 lntl >ler Marine .. 1 34 34 34 - 4
114 74 lntl Mining (,15e).. 6 10% 10% 10%+ 4
52% 43V* lntl Nick Can 50e-. 59 50% 49% 50%.-%
94 6', lntl Paper & Pwr... 12 8 74 8 — 4
39% 27% lntl Pap ft P rf(5)_ 12 33% 32 324 -4
6 34 lntl Ry Cent Am_ 60s 44 44 44 +4
22%. 20 lntl Salt (1.50a)_ 3 21 204 204 -1- %
8% 5% lntl Tel & Telee 61 7% 7% 7% + 4
84 6 lntl Tel & Tel for ct 4 74 7% 7% - 4
134 9% Interstate DS 2.75g 5 114 11 11
75 63 Interst Dept pf (7). 10s 68% 684 68% -1%
12 104 Intertype 1 80g) 1 11% 11% in, + V,
24 20V, Island Crk Coal (2) 1 21%. 21% 21% •*- 4
50% 46% Jewel Tea (4) 1 51% 51% 51%+%
86 66%. Johns-Manville . 9 77 76% 76%
78 62% Jones 4-Laugh pf 10s 64 64 64 -1
19%. 16 Kalam Stove t.25e) 1 17’, 17% 17%
9% 6%. Kansas City Southn 5 9%. 9% 9% + 4
9% 64 Kelsey-Hayes (A) 2 7% 7% 7%
64 4% Kelsey-Hayes (B) 1 5 5 5 — 4
43% 324 Kennecott (.25ei 45 39% 38% 39 •+ 4
94 7’>, Keystone Steel & W 1 84 84 St, — %
184 15% Kresge (SS) .30e 4 18 17% 17% - %
17% 14% Kroger Groc (1 60) 6 154 15 15 — %
30 19 Laclede Gas pf ... 10s 22 22 22 - V,
124 104 Lambert Co 375e .. 1 11 11 11
19% 14%. Lehigh Port C .25# 1 17 17 17 -4
14 % Lehigh Valley Coal. 3 4 % % — 4
284 224 Lehman Corp (1)... 8 26%. 26 26 — V*
11 84 Lehn & Fink 30e .. 1 94 94 94
42 314 Libb.v-Ow-Fd 25e . 6 34% 34% 34% - %
9 74 LibMcX&L 1.40g. 1 7% 7% 7% - V,
100 88 Llgg&Myers (4a) 1 90%. 90%. 90%-%
102% 90 Ltgg & Myers(B)4a 4 93 93 93
40% 344 Link Belt (2) 2 41% 40 41% -rl%
20 16% Liquid Carbon .6he 2 16% 164 164 - %
52% 44% Loew’s. Inc (7.50g). 13 49%. 48% 49% — 4
106% 105 Loew’s pf (6%)_ 1 106% 106%. 106%
14 14 Lolt. Inc . 5 14 1% 14 + 4
394 31% LoneStarCem (3). 2 38% 38% 38%
44 34 Long-Bell (A) . 2 4 4 4 -4
21 17% Loose-Wiles (.30e). 5 17%. 17% 17%-%
106 103% Loose-W Bis pf(5) 60s 104% 103 103 -%
18 15% Lorillard (1.20) .. 3 164 16% 164-4
134% 1294 Lorillard P pf (7).. 60s 135% 135 135% + %
21% 154 Ludlum Steel .25e . 3 18% 17% 18V, + %
154 12 McCall Corp (1 %).. 2 12 12 12 -4
10 74 McCrory Strs .50g_. 3 8% 8% 8% - %
14% 10 McGraw Elec (1) .. 3 14% 144 144
45% 40 Mclntj re Pore (2).. 9 41% 41’, 41% — 4
264 19% McKeesp’t Tin (2) ... 13 204 204 20%-%
8% 6', McKess ft Rob (d) _. 3 7 64 6’, — V,
84 64 McLellan Strs .40e. 3 7 7 7
24% 18 Mack Trucks (la).. 1 214 21', 214-4
324 26 Macy (RH) Co (2).. 5 32 31% 31% - 4
12% 10 Manhat Shirt (I)... 3 12 11% 12
2% 14 Maracaibo Oil 3 2 2 2 —4
7% 5% Marine Midland .40. 23 8% 6 64 +4
11% 7 Market St Ry pr pf. 70s 11% 11 11% -r %
94 74 Marshall Field. 1 8% 8% 8% - 4
21% 154 Martin (Glen)_ 9 18% 184 18%-%
44 24 Martin-Parry_ 1 3% 3% 3% - V,
37V, 29 Masonite Corp (1) 1 34% 34%. 34%
26% 224 Mafhieson Aik 1.50 x 4 25% 25 25V, - %
42% 34% May Dept Strs (3) . 1 40% 40V, 404 -1
64 5 Maytag Co <.50g)_- 2 54 54 5% — %
I 91V, 80 Maytag 1st pf (6).. 120s 91 91 91 +1
48 40% Melville Shoe (le). 1 44 44 44 -14
54 4 Mengel Co 2 44 44 44 — %
43% 35 Mesta Mach (2e)_ 3 40% 40 40 - %
114 7% Miami Copper .15g. 1 94 94 94 — %
224 174 Mid-Cont Pet 1.50g. 1 19 19 ’9-4
65 46% Minn-Honey R (3). 12 65% 64 04%-%
7% 5% Minn-Moline Imp 8 6% 64 64 — 4
% 4 Minn StP&SSM (r) 1 4 4 4-4
34 2% Mo Kan & Texas 2 3 3 3 +4
114 7% Mo Kan & Texas pf. 3 9% 9% 9% - 4
24 1 Mo Pacific (r). -. 1 14 14 14-4
17 13 Mohawk Carp .25e - 1 154 154 154
91% 77% Monsanto Ch (2) . 6 87 86% 86% -14
37% 29’% Montgoni Ward le . 30 36 344 354 — 4
394 31 Morris* Ess 3.73% 10s 35% 35% 35%-%
% 4 Mother Lode (,45g) 3 V, 4 Vi + %
14 104 Motor Wheel(.20e). 1 124 124 124 +4
21V* 16’/* Mueller Brass (la). 3 17% 17 17%-%
57 49% Murphy (GC) (4)- 1 494 494 494 -%
12% 9% Nash-Kelv (.12%). 10 94 9% 9%
13V, 94 Natl Acme (lg) ... 4 12% 12% 12% - 4
204 17% Natl Biscuit (.40e). 8 19% 194 19% + 4
18% 144 Natl Cash Reg .50e 1 16% 16% 16% - %
15% 13% Natl Dairy (1.20) . 22 154 144 154 + 4
109 106 Natl Dairy pf B (7) 20s 109% 109V, 109% + %
7% 54 Natl Dept Stores 2 6% 6% 6%
5V« 4% Natl Dept Stores pf 3 4% 4% 4% + Vi
234 19V, Natl Distillers (2a) 11 22 21% 21% -1%
20 17 Natl En&Stpg (2). 1 19 19 19 -1
7% 54 Natl Gypsum _ 6 7% 74 7%
29% 20% Natl Lead (.50)_ 4 23% 23 23%
136 130% Natl Lead pf B (6) . 50s 132% 132% 132%
84 64 Natl Pwr& Lt (.60) 2 6T, 6', 64+4
62% 50 Natl Steel (2.50a).. 6 58 57% 58 +%
23 14% Natl Supply (b) .. 31 22% 21% 22-4
29’/, 21 Natl Supply 32 pf.. 1 28% 28% 28%+%
4Vi 3Vi Natl Tea Co _ 1 3', 34 34
10% 8% Natomas (.80) . 1 9% 94 94 + 4
70 63 Neisner Bros pf 4% 1 70 70 70
19% 124 Newport Ind (2g)11 16% 16% 164 - %
194 15V, N Y Central ... 37 18% 17% 18 -4
38% 234 N Y Chi & StL pf 3 28% 28% 28% -1
26% 20 NYC Omnibus 4.90g 3 ’24 23% 23% - 4
4% 34 N Y Dock _ 20s 4% 4% 4%
11% 7% N Y Dock pf _ 10s 10 10 10 -14
I 4 4 N Y Investors(r)... 1 4 % ■ 4
2% 2 NYNH&Htr)... 4 2% 2% 2%
104 64 N Y Shipbuilding 2 74 74 74 - 4
62 48 N Y Shipbuilding pf 10s 45 45 45 -3
106% 1044 Norfolk & Wn pf( 4) 60s 104 104 104 -4
10%, 7% No Am Avia .12 4 10 8% 8% 8% - %
22 164 North Am Co (,30e). 14 184 184 18% - %
99 92 North Am Ed pf(S)! 1 93% 93% 93%+14
134 94 Nor Pacific _ 16 124 11% 12—4
314 28 Northwest Tel (3).. 50s 294 28 28 -2
4e — ■ -
1 Prev. 1938 Stock and Sales— Nei
High. Low. Dividend Rate. Add 00. High. Low. Close, ehge.
14% 11% Ohio Oil (If) _ 11 13% 13% 13%-%
32% 22% Oliver Farm Equip. 12 31 30% 30% - %
12% 9% Omnibus (l.»0g).__ 1 10% 10% 10%
24% 19% Otis Elevator ,15a.. 1 21% 21% 21%-%
12 8% Otis Steel . _ 2 10 10 10
66% 48% Owens-Ill G1 .25* ... 13 57 55 55 -1%
11% 8% Pae Am Fish (1.20) 2 9% 9% 9% + v,
6% 4 Pac Coast _110s 5% 5 5% + %
18 13 Pac Coast 1st pf_ 10s 17% 17% 17%-%
8% 6 Pac Coast 2d pf_ 60s 8 7% 7%
14% 11% Pac Finance 1.80a._ 1 13 13 13
28% 25% Pac Gas* El (2)_ 7 26% 26% 26%-%
40 34% Pac Righting (3)_ 1 37 37 37 -%
116 109% Pac Tel & Tel (*)_ 10s 113% 113% 113% +1
5% 4 Packard Mot .25*... 29 4% 4% 4% + %
55% 40 Panhandle pf (r)_ 80s 48% 48 48 —2
42 35 Paraffine Inc .50e 1 40% 40% 40V* - V*
12% 9 Paramount . 11 9% 9% 9**
12% 9 Param’t 2d pf (.80). 2 10% 10 10%+%
3V* 2% Park Utah (.150 .. 4 2% 2% 2% + %
37V* 31% Tarke Davis (,90e)_ 2 37% 37% 37%+%
20% 17 Parker Rust (1.50). 5 19 19 19 -1
6% 4% Pathe Film .. 5 6 6 6
12% 9% Patino Mines (2*).. 1 10% 10% 10%-%
5% 4% Peerless (.30*1 ... 8 5% 5% 5%
73% 62 Penney (JC) tie).. 2 70 69% 69%-%
2% 2% Penn Coal* Coke 1 2% 2% 2%
5 3% Penn-Dixie Cement. 2 4% 4% 4% + %
24% 19% Penn UR (1.25g)_.. 13 22% 21% 22%-%
38% 28*4 Pere Marq pf . 70s 30% 30% 30% -1
37% 28 Pere Marq pr pf(5). 150s 35 35 35
7 4% Pfeiffer Brew .90* . 8 7% 7% 7% + %
31% 22 Phelps Dodge .10e . 18 27 26% 26% - %
% % Phila Read C*1 (r). 1 % % %
95% 81 Philip Morris 5.25e 15 93% 91% 92%-%
6% 5’* Phillips Jones 2 5% 5% 5% — %
42% 34% Phillips Petrolm(2) 8 39 38*, 38%-%
30% 30% Phoenix Hos pf 3% 20s 33 33 33 +3*.
50 40 Pirelli (1.68**0 - 10s 47 47 47 + %
61 48 Pitts C* Ir pf (5).. 20s 60 60 60 -1
8% 6% Pitts Screw i.65jft.. 2 7** 7% 7% — %
2% 1% Pitts United _ 1 1% 1% 1% — %
16% 11 Pitts & W V'a .. 20s 13% 13% 13%-%
20 16% Plymouth Oil 1.40 . 7 19% 19*. 19%-%
12 7*, Poor* Co B ... 6 10% 10% 10% - % I
10% 7% Press Stl Car .25g . 5 9% 9 9% — %
50% 45*» Proctor * Gam (2). 7 49 48% 49 + %
35% 30 Pub Svc N J (2.60). 3 31% 30*, 30% - %
98% 91% Pub Svc N J pf (5). 1 94% 94% 94% - V*
108 105 Pub Svc N J pf (6). 1 104% 104% 104% - %
36% 28% Pullman Co (1 50).. 20 31% 31 31% - %
13% 10% Pure Oil (.25g>. 17 11% 11% 11%-%
98% 94 Pure Oil pf (6) ... 1 92 92 92 -2
10% 7% Purity Bak (.15*)_ 19 9 9
7% 5% Radio Corp (.20g)__ 27 6** 6*. 6*.
63 44% Radio cv pf (3%) . 4 51% 51% 51% - %
6% 3% Radio-Ketih-Or (r) 21 3% 3% 3%
11% 10 Reliance Mfg (.60). 1 11% 11% 1 U*
15% 12% Remington-Rd 50e x 4 14*. 14% 14*i - 41
3 2% Reo Motor _ 10 2% 2% 2% - %
20** 15% Republic Steel. 34 17% 17% 17%+ %
17% 11% Revere Copper 1 14 14 14 — *,
17** 14% Reynolds Met(.15e) 1 16% 16% 16%-%
10% 6% Reynolds Spring 3 7% 7% 7%
46% 39 Reynolds T(B)1.20e 13 39*, 39% 39**+%
7% 5% Richfield OIK.25g). 15 6% 6% 6% - %
11** 10 Ritter Dental < 1)_ 1 10% 10% 10% - %
23** 17 Ruberoid Co 1 19’* 19** 19*. + »,
23% 18% Safeway Stores(2a) 13 18% IS 18%-%
81 72% Safeways Sts pf(5) 10s 74% 74% 74% — %
105 100 Safeway Sts pf(7) 230s 100% 100 100 -1
40% 29% St Joseph Read .25e 19 38% 37 37%+ %
27% 21% Schenley (3) 9 25 24% 25 +
1 », Schulte Ret Strs(r) 5 % % % -r %■
42 37% Scott Paper (.40e).. 10s 39% 39% 39%
% % Seaboard A L (r)_ 5 % % **
27% 20 Seaboard Oil (1)... 3 25 25 25 - %l
65*. 53% Sears Roebuck(3e). 12 63 62 62% -1% I
16", 13 Servel Inc (1) 7 15 14% 14% — %;
5*. 4 Sharp* Dohme . 1 4% 4% 4% -r V*
48 43% Sharp & D pf (3%). 2 45 45 45
9% 7% Shattuck FG ,10e . 1 8% 8*. 8% - %
27*, 24% Sheaffer Penn (le). 10s 26% 26% 26% + %
I 18% 14% Shell Un Oil (lg) .. 4 15% 15% 15% — %
101*. 96% Shell UnOil pf 5%. 1 100 inn 100 -r v*
9% 6% Silver King <.25e).. 1 7% 7", 7%
24% 18% Simmons Co 2.25g _ 5 20*, 20% 20*. — %|
3% 3 Simms Petroleum . 1 2", 2", 2%
82% 55 Sloss-Sheff tl.SOg). 10s 61'. 61% 61% -1%
13% 11 Snider Pkg (,75e) . 1 11% 11% 11% - % I
16’, 13% Socony-Vac 50 41 15% 15 15 — i*
3% 2% Sou Am GAP 20g 2 2% 2% 2% — %
28 22 Sou Porto R Sug(2) 1 25% 25% 25'- -r %
24% 20% Sou Cal Edis ( I %a) 3 22% 22 22% - %
22% 16% Southern Pacific 33 19% 18% 18** — %
13** 10 Southern.Rail way.. 10 12% 11", 12 — %
21** 15% Southern Rwy pf 3 IS 18% 18% — %
4 2% Sparks Wtthington 1 3 3 3 + %
9 7 Spear & Co (.50g)._ 1 8 8 8 — %
21% 16% Sperry Corp 1.20g__ 19 19% 19*. 19%
i 39 30 Spicer pf A (3) .. 20s 32% 32% 32% o 1
11% 8% Spiegel. Inc (1) 3 10% 10% 10% - %
61 50 Spiegel. Inc pf (4%) 110s 58% 57% 58 -1
21% 16% Square D Co (.15e) 2 18% 18 18*. — %
9% 7% Stand Brands ( .601 10 8% 8 8% 4- %
107% 98% Stan Brands pf 4.50 4 99% 98% 98% — %
5% 3% Stand Gas & El (r). 3 4% 4 4 — i,
11% 6% Stand G&E pf (r) 7 8% 8% 8% — %
! 26% 16% Std G&E 17 pr pf(r) 1 22 22 22 - %
1 % Stand Investment 11 1 1 + %
| 33% 28% Stand Oil Calif (la) 10 32% 32 32 - %
35% 31% Stand Oil Ind (1) 34 33% 32% 32% -1
Prev. 1938 Stock and Sales— Net
High. Low Dividend Rate Add 00. High. Low. Close, ehge
64% 44% Stand OilN J (la) 42 52% 51% 62% -r %
11% 8% Staw-Warner!.50a). 2 9% 9% 9%
11 7% Stokely Bros 1.20g_. 3 7% 7% 7%
11% 7% Stone * Webster_ 6 8% 8% 8% + %
7% 4% Studebaker_ 8 6% 5% 5% — %
57% 48% Sun OH (la)_ 1 52% 52% 52% + %
13% 11% Sunshine Min (3) . - 26 14 13% 13%+%
29% 21 Superheate,r(.375e). 10 27% 27% 27%
3% 2% Superior Oil _ 6 2% . 2% 2% — %
18% 16% Swift & Co (1.20)__ 3 17% 17 17%
27 23% Swift Inti (2) 1 25 25 25
10% 7% Symington ww.25e. 2 8% 8% 8% — %
8% 5% Symington xw ,25a. 2 7% 7 7% — %
8 6 TennCorp.35t_ 3 6% 6% 6%
44% 37% TexasCorp (2) x 24 42% 41% 4l% - %
4% 3% Tex Gulf Prod .lflg. 10 4 3% 4
34 27 Tex Gulf Sul FCe 6 32% 31% 32
24% 17% Tex& Par RR ... 2 22% 22 22 -2
10% 7% Tex PacCAO (.40).. 8 9% 8% 9% - %
11% 8% Tex Pac Ld Tr.20«. 20 10% 10 10% + %
24% 19 Thatcher Mfg.25e . 1 24 24 24
4% 3 Thermold 4 3% 3% 3% — %
3% 2% Thompson-Starr*tt. 4 2% 2% 2% — %
15% 13% Tide-Water 011 (1). 3 14% 14% 14% -V.
85 78 Tide-W A O pf 4.50. 2 82 82 82
13% 10% Tlmken-Det 1.60g . 3 12 11% 11%-%
48% 38 Timken Roll B .25*. 8 43 42 43 + %
12»* 10% Transamerlca .75 .. 18 10% 10% 10% - %
7% 6% Transcontl Wn Air. 4 6% 6% 6% -- % I
4% 3 Trl-Contlnent ,25g.. 11 3% 3% 3% + %
6% 5 Truax-Traer (.80) . 1 5% 5% 5%
24 19% 20th Cent-Fox 2.50g 7 22% 22% 22% - % !
31% 26% 20th Cen-Fox pf 1% 2 31% 31 31 -%
6 3% Twin City RapT 1 4 4 4 -%
59% 47% Undwood-E-F (le). 1 58% 58% 58%-%!
12% 9*4 Cn Bag&Pap ,12%e 4 10% 10% 10%-%
HO 67V* T’nion Carb 1.60e % 71 70S 75*2 701* — liVr
21% 18% Un OH of Cal (1.20) 5 20% 20% 20%-%
88% 72% In Pacific (3e) x 3 77% 77 77 3% !
23% 21% Cn Tank Car (1.60). 1 22% 22% 22%
27% 20% Unit Aircraft (lg).. 26 24% 23% 24 - %
8*. 6% Unit Air Lines _ 6 at. 8 8 — % ’
49% 39 Unit Carbon (4) .. 3 47% 47 47% - % !
3*4 2*4 Unit Corp n (,20g) 42 2% 2% 2% — %
80% 70 Unit Dyewood pf(7) 20s 75 75 75
65% 56% Unit Fruit (3a> _ 1 64% 64% 64% + %
11% 9% Unit Gas Imp (1)„. 11 10% 10% 10%
72 57 U S Gypsum (2) 26 68 67 67%
8% 6% U S Hoffman Mach. 2 7 7 7 — %
10% 7*4 U S Leather (A) 1 8% 8% 8% - %
32 26 U S Pipe* Fy (2).. 10 28% 28% 28'.,-%
6% 4% U S Realty & Imp.. 6 5 4% 5 — %
35% 22% US Rubber .. 150 33*. 31% 32% -1%
75% 45% U S Rubber 1st pf.. 30 72% 70 71
62% 49% US Steel 85 54% S3*. 54% - %
114% 104*. U S Steel pf (7). .. 14 107% 106% 106% -1%
5 4% UnltStockvds (.50) 1 4% 4% 4% -r % '
2% 1% Unit Stores (A) 2 1% 1% 1% - %
42 37 Unit Stores pf <6g) 1 40 40 40 -2
20% 15 Vanadium (lg) ._ 8 18 17*, ]R
23% 18% Van Raalte (,50e) . 2 21% 20% 20% -1%
42 38% Vick Chemical(2a) 4 38% 38'- 38% - %
32% 22*4 Va-Caro Ch pf 1 50g 2 27 27 27 -%
1101.108 Va Elec*Pwr pf(6) 130. 109 108% 108%-.%:
2% 1% Wabash (r) _ 12 2 2
20% 18% Walgreen (2)_ 2 18% 18% 18% _ t,
8% 6% Walworth Co (lg).. 13 8 8 8 — %!
3*4 2% Ward Baking (B).. 1 3% 3% 3% — %
7% 5*4 Warner Bros Piet . 9 S’* 5% 5% — %
17% 12% Waukesha Mot (1). 1 14% 14% 14% — %
29% 24 Wayne Pump (2) ... 1 26% 26% 26*.
35% 27 Wesson O&S 1.25e . 3 34% 33% 33% -IV*
97% 84 West Penn El pf(S) 10* 89 89 89 -1
19 14% West Auto Sup 1.60 4 L7% 17% 17% — %
4%. 3% Western Md _ 3 *4 4 4 — %
1% 1 Western Pacific_ 11 1 1
3% 2 Western Pac pf _ 3 2% 2% 2% — %
28% 23% Western Union Tel. 4 25% 25% 25% — %
27%’20% Westhse Air Br (1). 4 25% 25 25%
109% 87% Westhse EI&M (le) 72 95% 93% 94% -1*.
140 132 Westhse E&M pf le 10* 135% 135% 135%— %
13% 8% White Motor 3 10 10 ]0 — t4 !
11 10 White Rk M Sp 1.40 1 10 10 10
2*4 2% Wilcox OH & Gas .. 1 2% 2% 2*.
6% 4% Willis-Over pf .60__ 1 5% 5% 5%
5** 4% Wilson & Co _ 6 4*. 4% 4% + %
19% 13 Woodward Iron .. 2 16% 16% 16*. + 1
43% 36 Woolworth (2.40) . 22 43V* 42*. 42% -1
20 14% Worthington Pump 10 IS 17% 17% — % 1
94 65 Wright Aero (2g) . 120. 75 74 75 - 9</
68 , 6+ Wrigley (3a) . 1 68% 68%. 68*-— t» '
27% 20*4 Vale&Towne 60a . 3 26% 25% 26*. + %
15% 8% Yellow Truck . 76 14*. 14 14% — %
18% 13% Young Sprg&Wire . 6 17 16% 16% — %
43% 31% Ygstwn Sheet & T . 21 37% 36% 37*. + %
22% 15 Ygstwn St) Dr .25e. 2 19 18% IS*. — %j
17%> 12 Zenith Radio ... 6 16 15% 151- _ is
4% 2*4 Zonite Products ... 2 3% 3% 3**
Approximate Sales of Stocks on the N. Y. Stock Exchange
11:00 A.M. . 190.000 12:00 Noon. 270.000 j
1:00 P.M. _ 340,000 2:00 P.M. .. 380,000 I
Total Sales for the Day. 470.000
.Actual sales: unit of trading 10 shares,
x Ex dividend xr Ex rlghta a Also extra or ex'ras. b 1-10
share of S3 preference stock d 1-25 share of $3 preference ;
stoex e Declared or paid to far this year f Payable :n stock,
g Paid last year h Cash or stock, k Accumulated dividend paid '
or declared this year
r In oankruptey or receivership or being reorganized wider
Bankruptcy Act. or securities assumed by such companies
Rates of dividends tn the foregoing table are annual dis
bursements based on the last quarterly or semi-annual declara
tion uniesa otherwlsa noted special or extra dividends art not
included
AUTO SALES DROP
IN FIFTH DISTRICT
Building Permits Hold Up, but
Valuation Dips. Bank
Review States.
By the Associated Press.
RICHMOND. Va.. March 3—The
Federal Reserve Bank of Richmond's
| monthly review said sales of new au
tomobiles in the fifth Federal Re
serve district dropped about 33 per
cent in January from December fig
ures.
The bank said unemployment con
ditions "on the whole” were worse,
, chiefly due to shortened hours with
lower pay rolls, notwithstanding fa
| forable weather for outside work and
less seasonal decline in that type of
work.
The decline of debits to individual
accounts, the bank said, from mid
January to mid-February was larger
i than for any month during the last
several years.
Although construction work and
building permits issued were approxi
mately the same during January as
in the previous month, the report
said the valuation was somewhat
lower.
STEADY LEVELS HELD
BY INSURANCE SHARES
Sreclal Dispatch to The Star.
NEW YORK. March 3 —Insurance
stocks in the New York City market
maintained steady levels during Feb
ruary, according to Hoit, Rose &
Troster.
Maximum range of the weighted
average of 20 issues was only 1.70
points for the month, from month's
low of 45.18 on February 7 to month’s
high of 46.88 on the 23.
Close February 28 was steady at
46.00, compared with opening Febru
ary 1 of 46.12.
Calculated on closing bid prices,
range for the month was as follows:
Month’s Month's
Low High Close
Feb. 7. Feb. 23. Feb. 28.
Aetna Cas. * Surety. 84 84 84
Aetna <Firei ...... 43% 45 43%
Aetna Life . _ 23% 28 25%
Continental Cas. . 23% 25 24%
Firemen’s (Newark). 8% 8% 8%
Franklin Fire ... 28% 27% 27%
Great Amer. Ins-22% 24% 23%
Halifax ... _. 23 23% 23
Hanover _ 30 30% 29%
Hartford Fire 83% 67% 65%
Hartford Steam Boiler 53V, 53 53
Home Insurance _ 27% 28% 27%
National »lre _ 55% 58 57%
National Liberty ... 6% 7% 6%
Paul Revere Fire_21% 22 V, 21%
Phoenix _ 74% 74% 73%
Prov. Washington ... 28% 31% 30%
Travelers . .. .412 425 422
D. S. Fire _ 47 48% 48
Westchester Fire ... 28% 29% 29%
Weighted av’ge 45.18 46.88 46.0(1
LOCKHEED AIRCRAFT
GETS $274,000 ORDERS
Special Dispatch to The star.
LOS ANGELES, March 3.—Robert
E. Gross, president of Lockheed Air
craft Corp.. announced new orders for
five Lockheed transports amounting to
$274,000. Two of the planes, a model
"12" and an Electra, were sold to the
Argentine Army: one Electra to British
Airways: a model “12” to Phillips
Petroleum Corp., and an Electra to
Linea Aero postal Venzelana.
Including recent orders, the back
log figure of the company as of Feb
ruary 28 amounted to $6,200,000.
4
*
Treasury Sells
9.981.062 More
From Gold Hoard
B> the Associated Press.
The Treasury, selling gold to foreign
countries for the second time in a
week, disposed of *9.981.062 of the
metal on March 1.
On February 25 the Treasury sold
$13,000,000 worth. Purchases were not
identified in either case. The sales
reduced the Treasury's inactive gold
fund to $1,190,585,498.
j Officials indicated the sales were
: made by earmarking metal on deposit
in this country, and have not involved
physical export of gold yet.
I
475,000 IN EMPLOY
OF STEEL PLANTS
January Workers' Decline Is 6.5
Per Cent Drop From Total
in December.
By the Associated Press.
NEW YORK. March 3.—The steel
Industry employed an average of 475,
000 workers during January, a drop of
6.5 per cent from the December aver
age of 508,000. according to the Amer
ican Iron & Steel Institute.
Employment in the industry reached
a record high of 603.000 last August.
Since then, the institute pointed out,
steel output has dropped 65 per cent.
It was estimated employment declined
21 per cent and pay rolls around 49
per cent from the August figure of
$92,663,000. Employment in January,
1937, averaged 548.000.
January pay rolls totaled $47,578,000,
down 8.6 per cent from the December
total of $52,062,000. In January, 1937,
they amounted to $76,423,000.
The institute reported hourly earn
ings of the industry's wage earning
employes at 80.5 cents per hour in
January, against 81.7 cents in De
cember and 72 cents in January, 1937.
Wage earners worked an average
of 22.9 hours per week in January,
against 23.4 hours in December and
40.5 hours in January last year.
EXEMPTION REFUSED
ON ANNUITY POLICIES
By the Associated Press
The United States Board of Tax
Appeals ruled yesterday that annuity
policy payments were not exempt from
Federal income taxes.
The board held that annuity policies
were not insurance and could not re
ceive the exemption granted on the
payments upon maturity of insurance
policies.
PAPERBOARD MILL SOLD.
NEW YORK, March 3 (^.—'Robert
Gair Co., Inc., announced today its
Thames River paperboard mill at New
London, Conn., will be purchased by
St. Joe Paper Co., Port St. Joe, Fla.
The Gair Co. will. purchase Kraft
container board from the 8t. Joe com
pany’s new Florida mill. Gair manu
facture of shipping contalhers will not
be affected.
t
COMMISSION LETS
VESSEL CONTRACTS

Tampa Firm’s Bid for Building
of Four Diesel Freight
Ships Is Accepted.
Bj the Associated Press.
The Maritime Commission an
nounced yesterday it had approved
a bid bv the Tampa (Fla.l Shipbuild
ing <fe Engineering Co. for the con
struction of four Diesel type, single
screw, steel cargo vessels.
The tampa firm bid $1,815,663 for
each of the four vessels, or a total of
$7,262,652 for the group.
The commission said it had taken
no action with respect to the bids for
the construction of eight other cargo
vessels.
Chairman Emory S. Land said the
bid submitted by the Tampa company
"falls approximately within the range
of the commission's own estimate on
what the ship should cost.”
The commission said the Newport
News <Va.) Shipbuilding <fc Drydock 1
Co. was the next low responsible I
bidder on the 12 ships.
-•-—
LEAD STOCKS INCREASE
SLIGHTLY IN FEBRUARY
By the Associated Press.
NEW YORK. March 3.—Stocks of
lead at United States smelters and
refineries February 1 totaled 211.087
short tons, compared with 208.803 on
January 1, the American Bureau of
Metal Statistics announced today.
January world production of lead
totaled 159.041 short tons against
165,566 in December, last.
Domestic production during Jan
uary totaled 37.651 short tons com
pared to the December figure of
47,423.
Wold zinc production during Jan
uary totaled 156.922 short tons against
161,106 in December. Domestic zinc
production in January totaled 48,687
short tons compared to December’s
51,787.
-•
BITUMINOUS OUTPUT
OFF SLIGHTLY IN WEEK
The National Coal Association,
from incomplete car loading reports
from the railroads, estimates bitumi
nous coal production in the United
States for the week ended February
26 as approximately 6,350,000 net
tons. Production for the correspond
ing week: 1937, 11,194,000 tons; 1936,
9,923,000 tons.
The report of the National Bitumi
nous Coal Commission shows pro
duction of 6,750,000 tons for the week
ended February 12, and 6,500,000 for
the week ended February 19. 1938.
Production calendar year to Febru
ary 26: 1938, 55,757,000 tons (subject
to revision); corresponding period,
1937, 81,606,000 tons.
DIVIDEND IS ORDERED.
PHILADELPHIA. March 3 (Spe
cial).—The Pennsylvania Glass Sand
Corp. declared the regular quarterly
dividend of $1.75 per share payable
on the $7 cumulative convertible pre
ferred stock on April 1 to stockholders
of record March 15.
k F
STOCKS SELL OFF •
IN SLOW TRADING
Losses Ranging to Point or
More Predominate at
Session’s End.
Stock Averages
30 15 15 60
Induit. Ralls Util. Stocks.
Net change. —.6 —.4 —.2 —.4
Today, noon 64.7 19.6 31.2 44.9
Previous day 65.3 20 0 31.4 45 3
Month ago.. 59.2 17.6 30.0 41.3
Year ago...100.2 45 1 50.3 73.8
1938 high... 68.2 21.6 34 9 47.9
1938 low_ 59.2 17.8 30.0 41.3
1937 high_101.6 49.5 54 0 75.3
1937 low_ 57.7 19.0 31.6 41.7
1932 low_ 17.5 8 7 23.9 16.9
1929 high...146.9 153 9 184.3 157.7
1927 low_ 61.6 95.3 61.8 61.8
(Compiled by the Associated Press.)
By VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK. March 3—Stock*
lacked vim. vigor and recovery vision
in today's market.
While one or two moderately active
intervals put the volume above that
of yesterday's sleepy session, it was
still one of the slowest day* of the past
several months.
The list slipped lower at the open
ing. developed a little buving support
and rallied mildly around noon, then
leaned backward once more in the final
part of the proceedings At that, many
issues managed to close well above
their low levels of the day. Losses
running to a point or more, however,
predominated. There was a handful
of gainers.
Financial skies continued cloudy.
Brokers said trading forces apparently
were content to await the Interstate
Commerce Commission decision on
freight rates and more definite Indi
cations as to how Congress would tailor
the tax revision bill.
Transfers for the five hour* ap
proximated 450,000 shares.
A few steels and aircrafts seemed
heartened a bit by action of the House
Naval Affairs Committee in approving
an appropriation of $1,113,546,000 for
Navy expansion, but these did no
immediate right-about.
Wall Street's sentiment of the mo
ment was reflected in the comment of
Chairman Earnest T Weir of National
Steel that he was not particularly en
couraged by the business outlook.
Prominent in the jogging retreat
most of the time—several did better
at the finish—were United States
Steel, Chrysler, Sears-Roebuck. Mont
gomery Ward, Woolworth, J. I. Case.
International Harvester. American
Telephone. Western Union, American
Can, Westinghouse. Allied Chemical,
Texas Corp.. Union Carbide. United
States Rubber, Dome and National
Supply.
Inland Steel. Youngstown. Republic,
Douglas Aircraft and Air Reduction
recorded minor advances.
-•-——
NEW YORK COTTON
By the Associated Press.
NEW YORK. March 3—Cotton
ruled steady today in quiet trading.
Liverpool buying absorbed light scat
tered selling durine the morning, but
business later came practically to a
standstill.
May reacted from 9.24 to 9 19. and
in midafternoon was selling at 921,
when the list was 3 to 4 points net
higher.
Futures closed 3 to S hirher.
Hurh. Loir Las*
Msrch . 9.21 9.17 3 19
May __ _P.24 9 13 9 21
July 9 fl 2S 9 27
October . fl 3S »34 9.37
December n 39 fl 3fi 9.37-38
January 9 4u 9.37 9.3Pn
Spot steady: middlins. 9.27.
n—Nominal.
Cottonseed Oil.
Bleachabie cottonseed oil futures
closed unchanged to 3 lower. Sales,
148 contracts, including 6 switches.
March, 8.22b; May. 8 24; July, 8.28b;
September. 8.35. b Bid.
N>w Orleans Priee«.
NEW ORLEANS. March 3 r-Steady
cables and moderate trad** demand brought
initial advances of l to 5 points in the
cotton market today.
M*rch opened at 9 3C May at 9 33.
July at P.4 1. October at 9 48. December ar
9.49 and January at 9.30
Toward the end of the first half hour
the central market was steady and C to
:t points net hiEher Cottonseed oil opened
steady. March. 7.80b. May ?.8ib July.
7.8»tb September. 7.98; October. 8.00b.
b Bid.
.— -• - .■■■
CHICAGO GRAIN ‘
By the Associated Press.
CHICAGO. March 3—Wheat prices
lost ground In Chicago today, and at
times fell more than a cent a bushel.
Prospects of moisture helpful to
domestic crops in parts of the South
west and West, together with authori
tative private estimates that indi
cated substantial crop improvement
since December 1, had a bearish effect.
New crop deliveries. July and Sep
tember. were relatively weaker than
May. although there was some selling
of Mav against purchases of July.
At the close Chicago wheat futures
were %-% under yesterday’s finish.
May, 92%-%; July, 87%-%. Com
unchanged to % lower: Mav, 59'i-3^;
July. 60%. Oats. %-■% off.
WHEAT—Own Hivh Lew Close.
Mav .93 .93'. .92% .92%-%
July .87% .88% .87% .875,-%
Sep-ember .ski, .sst, >7% .87%
CORN—
May .59% .59% .59% .59%.%
July .61 .61 % .60% .60%
September .62', .62% .61% .61%
OATS—
Mav .30% .30% .30% .30%-%
July .29 % .29% .29 .29
September 29% 29% .29 .29
SOY BEANS
May 1.03% 1.03% 1.03 1.03
July 1.01% 1.01%
October .99s, _ .99%
pyj_
May .74% .74% .7.",% .74
July .68% .69 .66% .69
September .66%
LARD—
March 8.82
May 9 27 9 27 9 20 9 20
July 9,45 9.45 937 9.37
September 9.62 9.65 9.60 9 60
B ELLIES—
May 11.57
Chicago Cash Market.
Cash wheat. No. 5 red, 84: No. 2
hard, 1.0034; corn, No. 3 mixed. 57;
No. 3 white, 5734; oats. No. 1 white,
33%; No. 2, 33%: rye. No. 2, 77\
78■%; soy beans, No. 2 yellow, 1.02%;
barley, feed, 48-69 nominal; malting,
70-90 nominal: timothy seed, 2.90
3.00; red clover, 32.00-37.00; sweet
clover, 10.00-10.50.
Baltimore Quotation*.
BALTIMORE. March 3 UPi.—Wheat.
No. 2 red. winter, garlicky. apot. domestic.
98%; March. 98%
. WlnnlBeg Prieea.
WINNIPEG March 3 <A»—Grain range
at principal markets today:
WHEAT— High. Low Close, close!
Mav _1.27% 1.26% 1.26% 1.27
July _1.19 1.18 i.i8 1.18%
Oct _.97% 90% .96% .97
OATS—
May .47',« .47% .47% .47%
Kletnert, I B., Rubber Co.—De
:lared 10 cents common dividend, pay
able March 30 to holders of record
March 15.

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