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Evening star. [volume] (Washington, D.C.) 1854-1972, March 15, 1938, Image 15

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-03-15/ed-1/seq-15/

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AUSTIN BONDS
BREAK FURTHER
Czech Loans Stage Rally
After Early Loss—U. S.
issues Mixed.
Bond Averages
CO 10 in 10
Ralls. Indust. Util F an.
Net change, -f.l -f.l +.1 —-3
Today, noon 57.5 96.1 89.6 64.4
Prev. day... 57.4 96.0 89.5 64.7
Month ago. 65.2 96.5 89.5 65.6
Year ago... 95.6 103.3 100.2 72.4
1938 high... 70.5 98.0 92.2 67.0
1938 low ... 57.1 95.7 89.0 64.7
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 9 Prev. day. 108.9
Month ago 108 4 Year ago. 110.1
1938 high. 109.3 1938 low.. 107.8
1937 high. 113.7 1937 low.. 107.0
3928 high. 104 4 1932 low.. 86.8
J
(Compiled by the Associated Press.)
I By !he Associated Press.
NEW YORK, March 15.—Austrian
issues broke further today in the bond
market, while Czechoslovakian loans
rallied after an early less.
The Austrian 7s, which broke
around 37 points yesterday, were down
more than 4 today. Czech govern
ment 8s of '51 and '52 were up for
the day after initial losses of around
a point. Prague 71 however, were j
off around 4 points. French govern
ment 7';s were oft around 3 points.
United States Governments gen
erally were 2-32 to 5-32 higher, with
^a few losses of as much as 4-32.
A fairly good demand made its ap
pearance for selective rail issues. Up
fractions to a point or more were C.
& O. 4!is, Illinois Central 4 us. Great
Northern 4s of '46 "G" and M-K-T 5s.
Utility and industrial liens scored
some gains.
-•
Washington Exchange
SALES.
Washington Gas Light pfd.—10 at
ioo>4. i at 109'4
Bid and Asked Prices.
* BONDS.
PUBLIC UTILITY.
Bid. Asked.
Anacostia A Pot. 5s ----- 55 fio
Ana A- Pot Guar 5s-10;
C & P Tel of Ya os -- Ho
Capital Trac-ion P. R os 'jo <9
City A Suburban os -- 93 b°
Georgetown Gas 1st 5s-11;'. -
Pot. Elec. Pow. HUs - 1"4 2 1 9
Wash Gas 5s 195b V'i 1 1Uo
Wash Gas 5s I960 - - --
Wath Rwi & Elec 4s.-. lObU -
MISCELLANEOUS.
Pchevy Chase Club 1st 4Us . _ 104 -
Col Country Club 1st 4-rS H-* -
W M Cold Storage os 10o -
STOCKS.
PUBLIC UTILITY.
Amer Tel A Tel <9> -‘ISO1,
Capital Transit Co - _:5» Jh
N. & W. Steamboat <51 5;; • 80
Pot Elec Pow 6U pf (6) -- 113 -
Po El Pow SUU Bl <5 50)-- 112 -
Wash Gas Lt new (1.20) -3 -
Wash Gas pfd. <4.ott' -- 100 -
wash R.v A El com |.g36) . old' -
Wash Ry A El pfd <o) 110U -
BANK AND TRUST COMPANY.
Amer Sec & Tr Co <e8)_ — 240 250
Bank of Bethesda <h.o>-- do :
Capital <41 - J,i? 1*1
Com A Savings (elO)-~30 -----
Lincoln Vf5) " —I” 176 240
R&l Bk. A Tr. (.50) "lS "=5
Riggs <eb) - - 280 olO
Riggs Pfd <0) - 1.9-1 -
Washington <h> . - l?o ‘fo
Wash Loan A Tr <eS) . 230 2o0
FIRE INSURANCE.
American <6> . - 115 -
Firemen's (1.20) - *3, -
National Union (.To) .. lo g -
TITLE INSURANCE
Columbia <k:'.0i - 11 I3
Real Estate irr.6) - - . .. 150
MISCELLANEOUS.
Carpel Corp <+2.00) - 21 -3/a
Lanston Monotype <41 — >0 10
Lincoln Serv com <hl.00)._ *1< -1
•Lincoln Service pfd <3.50) . * - j}0
rMergenthaler L.110 (2.O0) 19 -1
Peoples Drug Si com (tl.oO) *26 31
Peoples Drug St. Pf <6.501 no 2 lit 2
Real Est M A G pfd •*(.30) 4 U , oU
Security Storage (5t 10o l-o
Ter Ref A Wh Corp (3) _ bo bO
Wdwd A Loth com <7 1.50)- 5<> 53
Wdwd A Loth pfd (7).- 115 -
•Ex dividend
b—Books closed. . ,
tPlus extras. e2U extra. iZ'a'r extra.
*$14 extta paid Nov. 30. 1937. h75 cents
extra. k30 cents extra. m$:i extra.
— ...• - ■ ■ —
DIVIDENDS ANNOUNCED
NEW YORK. March 15. —Dividends de
tla*ed prepared by the Standard Statis
tics Co. „ .
Reduced.
Pc- Stk of Pay
Ratc. nod. record, able.
Grief Bros. Coope'ee A 4<>c 3-22 4-1
Taunton Gas Lt SI W 3-lo 4-i
Nn Action Taken.
American Manufacturing.
Klrseh Co. A.
Kirseh Co. B.
Reliable Strs.
Wagner Bak Corn.
BerghofI Brewing.
Deerease.
Am Brake Shoe A Fdy 25c __ 3-25 3-31
Increase.
Art Metal Const . 50c 3-24 4-1
Passed.
Backstay Welt.
Industrial Rayon.
Red Indian Oil
Extra.
Nat Folding Box 12'aC_. 3-25 4-1
Petroleum Exploration Hie 3-3*. .3-15
Btedman Bros 10c _ . 3-19 4-1
Recalar.
Alum Co of Am _ , ,
pf SI.50 Q 3-17 4-1
Alum Goods Manufact 25c 3-21 4-1
Am Manu n'< pf SI 25 Q 3-15 3-31
Bond Stores 20c 3-24 3-31
Boston Herald Trav... 25c 3-22 4-1
Brookline Oil Co 2c M 3-10 3-15
Chicago Towel SI.50 3-21 3-31
Do. $7 pf $1.7 5 Q 3-21 3-31
Cleve Graphite Bronze 25c 3-24 3-31
Florida Pw A*Lt ST pf 8Kc _ 3-19 4-1
Jlorsheim Shoe A 2.>c 3-25 4-1
Do. B 12'aC 3-25 4-1
Horn * Hard Bak-Srso Q 3-21 4-1
Lerner Stores . 50c Q 4-o 4-15
Do. 4>aG cv pf *1.12*4 Q 4-20 5-2
Marlin Rockwell Corp. 50c 3-24 4-1
Mascot Oil . lc 3-15 3-25
Nation Folding Box_37’.2cQ 3-25 4-1
Navarro Oil -10c Q 3-21 3-31
Petroleum Exploration 25c Q 3-5 3-15
Reliable Strs 5% _
cv pf __3 / ‘7c U 3-25 4-1
Btedman Bros. _15c Q 3-10 4-1
Do. O'v cv pf_75c Q 3-19 4-1
United Fruit Co _75c Q 3-24 4-15
Universal Leaf Tob—75c Q 4-2o 5-2
Do. 8G pf _$2 Q 3-24 4-1
Wagner Bak Corp ,
7G. 1st pf —$175 Q 3-21 4-1
Do. $3 2d Pf_75c Q 3-21 4-1
Wiser Oil CO — 2&c Q 3-11 4-1
Yale & Towne Mfg.-.loc <3 3-24 4-1
Am Brake Shoe &
Fdy 5'..G pf $1.31 *4 Q 3-25 3-31
Angost Wuppermann. 10c _ 3-21 3-31
Florsheim Shoe "A" 25c 3-25 4-1
Florsheim Shoe "B" 12'ac 3-25 4-1
Irving Air Chute 2.->c Q 3-22 4-1
D Emil Kelm 2oc 3-21 4-1
Marsh Field T%, pf Sl'TS Q 3-15 3-31
Marsh Field 6% Pf .$1.50 O 3-1 o 3-31
Sup Port Cem 'A ' 71'ic 3-23 4-1
U S Hoff Mach pf.683«c Q 4-20 5-2
NEW YORK BANK STOCKS
NEW YORK. March 15 (JPi.—(Invest
ment Bankers Conference, Inc).
(Quotations as of 2 o'clock)
Bid. Asked.
Bk Of Am NTS iSP) (2.40) 42 44
Bk Of Man (l“a)- 22’i 24
Bankers Tr <2)_ 47Va 49‘i
Bklyn Tr <4) _ 78 83
Cen Han Bk * Tr (4)_ 03 00
Chase Nat (1.40) _ 30 32
Chem Bk & Tr (1.80)_ 42'a 44>.a
Commercial t8) 147 153
Cont Bk A Tr (.80)- 12*/« 13*i
Corn Ex Bk A T (3)_ 49 50
Empire Tr (D - 21 Vi 22'i
First Nat (Bos) (2)_ 38*, 40*4
First Natl (1001 1720 ]T«o
Guaranty Tr (12)_ 238 243
Irving Tr (.80) _ 12 13
Manuf’ct'rs (2) 38 40
Manufrs Tr pf (2)_ 49 51
Natl City (1> - 24Vi 25*4
N Y Trust (5)- 92<i 95Va
Public il*i> _ 2§'4 29*k
Title O & T_ 5*i 6*4
A
BONDS ON N. Y. STOCK EXCHANGE
■•ms *UX <n pun extis #}»Ajjd
Approximate Transactions Today.
U S Govt Bonds..., 280,000
Foreign Bonds ... 1.230.000
Domestic Bonds.. 4.300.000
TREASURY.
High Low. Close
214s 1945 _ 103.23 103.23 103.23
214s 1949-53_ 100.9 100.8 100.8
2%s 1945-47_ 104.21 104.20 104.21
2 44s 1948-51_ 102.22 102.20 102.22
244H 1951-64_101.22 101.21 101.22
2448 1966-69_101.16 101.14 101.14
2%s 1965-60_ 102.19 102.13 102.18
3s 1946-48 _ 106,1 106. 106.1
3s 1951-55 _ 104.21 104.20 104.20
3%s 1946-49_ 106.26 106.24 106 26
3 14 8 1943-45_ 108.10 108.10 108.10
314s 1941. _ 107.19 107.19 107.19
314s 1944-46 108.8 108.6 108.8
384s 40-43 June 106.9 106.9 106.9
3%s 1941 -43 Mar 107.8 107.8 107.8
344s 1943-47 _ 108.25 108.25 108.25
4s 1944-54 _113.5 113.5 113.5
414s 1947-52 ... 117.18 117.18 117.18
FEDERAL FARM MORTGAGE.
3s 1944-49 _ 104 4 104 4 104.4
3148 1964 __ 104.18 104.18 104.18
HOME OWNERS' LOAN
214s 1942-44 ... 102.4 102 4 102. 4
2%s 1939-49 ... 102.7 102.5 102.7
FOREIGN BONDS.
High. Low Olose.
Abitibi Pa&Pw 5s 53. 50 50 50
Antioquia 7s 45 A_ 6% 61* 6%
Antioquia 7s 45 B_ 7 7 7
Antioquia 3d 7s 57_ 614 6% 6%
Antwerp 5s 58 _ 99% 99% 99%
Argentine 4%s 71 91% 91 91%
Argentine 4s 72 Feb.. 83% 83 83%
Argentine 4s 72 Apr.. 83 82% 82%
Australia 4%s 66_100% 100% 100%
Australia 5s 55_ 106 105 105
Australia 5s 57_ 105 104% 104%
Austrian 7s 57_ 32% 3214 32%
Belgium 6s 55 _1024 102 102
Belgium 64s 49_ 1054 105 105
Belgium 7s 55 ... 1134 1124 112**
Berlin Elec 64s 51... 28'- 284 284
Berlin Elec 6 4s 59... 28 28 28
Brazil 6 4s 26-57_ 164 164 164
Brazil 6 4s 27-57_ 16'* 164 16',
Brazil 8s 41 _ 184 18 18
Brisbane 5s 57 _ 102 102 102
B A 44-44,8 77 .... 60'* 60', 604
B A 4 4-4 48 76 Ag... 61 604 61
B A 4 4-4 ** s 75 _ 65 65 65
Bulgaria 7s 67 _ 314 314 314
Bulgaria 7 4s 68_ 324 324 324
Canada 24s 44_100'* 100*, 100*.
Canaria 3s 67 _ 97 964 964
Canada 3 4 61_102', 102', 1024
Canada 4s 60_ 1094 1094 109'*
Canada 5s 52_1114 1111* 1114
Chile 6s 60 _ 164 164 164
Chile 6s 61 Jan_ 17 17 17
Chile 6s 61 Feb_ 17 164 17
Chile 6s 61 Sept_ 17 16', 17
Chile 6s 62 _ 174 17 17
Colombia 6s 61 Jan... 14', 14** 144
Colombia 6s 61 Oct .. 144 144 14',
Copenhagen 4 4s 53.. 99'* 984 984
Copenhagen 5s 52_ 1001, 994 994
Cordoba 7s 42 nrv_^ 87 87 87
Costa Rica Ts 51_ 20 20 20
Cuba 5 4s 45 . 74** 74', 74**
Czechoslovakia 8s 51 94*, 91 944
Czechoslovakia 8s 52 94', 92 94',
Denmark 4 4s 62_ 100** 100 100
Denmark 5*js 55_ 1004 100', 1004
Denmark 6s 42 .. 105'* 104** 104**
Dominic 1st 54s 40 60 60 60
Dominie 2d 54s‘69exi 60 60 60
El Salvador Ss 48 ct.. 234 234 234
Finland 6s 45 .. 106' , 1064 1064
Frarnerlc In 74s 42.. 104*5 10455 10455
Frankfort 64s 53_ 20*, 20'* 201*
French Gov 7s 49_107'* 1074 1074
French 7s 49 un st_ 100 100 100
French Gov 74s 41 107** 1054 1054
French G 7 4s 41 un s 101 101 101
Ger C Bk A 6s 60 July 31', 314 31','
Ger Gen Elec 64s 40. 41 41 41
Ger Gov 54s 65 .... 26 25', 26
Ger Prv & City Bk
con Ag 64s 58_ 26 26 26
Ger Rep 7s 49 _ 32 31*, 32
Helsingfors 64s 60.. 1044 1044 1044
Italy 7s 51 . 76'- 75** 754
Ital Crd P W 7t 47 B. 75** 75 75
Ital P UCrd 7s 62 ... 594 59 59
Japan 5 4s 65_ 624 624 624
Japan 64s 54 ._ 76 754 76
Jugos Mtg Bk 7s 57.. 44 44 44
Kreug&Toll 5s 59 ct.. 30 30 30
Lombard Elec 7s 52.. 614 614 614
Met Wat 54s 50 _ 102 102 102
Mex 4s 10-45 ast sm .. 2 2 2
Mlag Mill M 7s 56 ... 24 24 24
Milan 64a 52 ... 60 594 594
Minas Gers 6 4s 59 .. 94 9', 9',“
New So Wales 5s 58 .. 103 1024 1024
Nord Ry 6 4 s 50_ 92 90 90
Norway 4s 63 _102** 1014 1014
Norway 44s 65_103', 101", 102
Norway 44s 56_ 1054 1054 105*1
Norway 6s 43_ 1064 1064 1064
Norway 6s 44 - 1061, 1064 106**
Oriental Dev 6s 53_ 61 61 61
Oslo 44s 55 . 103 103 103
Panama 5s 63 _ 44 44 44
Panama 5s 63 st asd.. 39 39 39
Panama 54s 53_ 1024 1024 1024
Peru 6s 61 _ 94 94 94
Poland 6s 40_ 51 50 51
Poland 7s 47- 664 664 664
Poland 83 50 ..._ 50 50 50
Prague Gtr 74s 62... 91 91 91
Prussia 64s 51 _ 22*4 22*4 22*4
Queensland 6s 47- 108!* 108'. 1084
Rhein Main 7s 50_ 31 31 31
Rhinelbe L’n 7s 46 .. 314 314 31*,
Rhine West EP 6s 52 32 29** 32
Rhine W El P 7s 50 . 29** 29*, 29*4
Rio de Jan 64s 53 ._ 8*, 8!, 8*,
Rio Gr do Sul 7s 66... 84 84 84
Rio Gr do Sul 7s 67... 9 9 9
Rome 6 4s 52 _ 63** 62 62
Sao Paulo St 7s 40... 334 33** 33*4
Serbs 7s 62_ 254 254 25**
Serbs 8s 62 . .. .. 264 255, 254
Siemens & H 64s 51. 69 69 69
Silesia Prov 7s 58 ... 45 45 45
Sydney 54s 65_104 103*4 103*,
Taiwan Elec 64s 71. 584 574 574
Tokio 5 4s 61 .. ... 584 58 58
Tokio E L Ltd 6s 53.. 63 624 624
Ujigawa El P 7s 45 .. 74 74 74
Un Stl Wk 64s 51 A. 31 31 31
Uruguay adj 79__ 44*2 444 444
Yokohama 6s 61_ 624 61 61*,
DOMESTIC BONDS.
Ala Grt Southn 4s 43 98 98 98
Alleg Corp 6s 49 ... 59 58% 59
Alleg Corp 6s 60 stp. 32 30% 32
Allis Chalmers 4s 62 105% 104% 105
Am & For Pw 6s 2030 52 51% 52
Am 1 G Ch 6%s49.__ 104'i 104 104
Am Inti 5%s 49 - 90 88Vi 88%
Am T&T3%s61_ 102 102 102
Am T & T 3 %s 66-101% 101% 101%
Am T & T 6%s 43-113% 113% 113%
Am T F cv 50_ 104 104 104
Anaconda deb 4%e 50 104% 104% 104%
Anglo Chil Nit db 67 27% 27% 27%
ArmouriOelllst 4s55 90% 90% 90%
Armour(Del)4s 67... 91 90V4 91
A T&S Fe 4s 09-55... 98'i 98% 98%
A T&S Fe adj 4s 95 St 90% 89 90%
A T&S Fe gen 4s 95 107% 107% 107%
A T&S Fe gn 4s 95 rg 103% 103% 103%
A T&S Fe 4%s 48 102 102 102
A T&S FeC A 4%s 62 109 109 109
A T&S F RMt dv4s 65 102 102 102
Atl Coast L clt 4s 62 67 67 67
Atlantic & D 2d 4s 48. 22% 22% 22%
B&O 1st 4s 48_ 47 45% 47
B & O 4%s 60- 17% 17% 17%
B & O 1st 6s 48-_„_49% 47% 48%
B&O ref 5s 95__ 22% 22 22%
B&O 6s 96 F -- 22% 21% 22
B * O rf 6s 2000 D.__ 21% 21 21%
B & O ref 6s 95 _ 25% 23% “>4%
B&O PLE&W V4s 41 40 39% 39%
B&OSwn5s 60 .. 32 31 32
B&O Toledo 4s 59 .. 30 30 30
Bang & Aroost 4s 51 . 100'% 100% 100%
Bang & Ar cv 4s 51 st 101 101 101
Bell Tel of Pa 6s 60 C 127% 127% 127%
Beth Steel 3 %s 52_ 88 87% 88
Beth Steel 3%s 66_ 95 94% 94%
Beth Steel 4%s 60 ... 102% 102% 102%
Bos& M 4%s 61 JJ__. 28 27% 27%
Bos & Me 5s 67 .. . 31% 30% 31%
Bklyr. Man T 4%s 66 48 47 . 47%
Bklyn Un El 6s 60 ... 76 76 76
Bklyn Un Gas 6s 46.. 102 100 100
Bklyn Un G 6s 67 B . 88% 88% 88%
Bklyn Un G ref 6s 47 100 99% 100
Buff G E 4%s 81.Ill 111 in
Buff R&P cn 4%s 67. 23% 22 22%
Bush Term cn 6s 55.. 39 38% 38%
Canadian NR 4%s 51 114% 114% 114%
Canadian NR 4%s 56 115% 115 115
Canadian NR 4%s 57 115% 114% 114%
Canadian NR 4%s 65 118 118 118
Canadian N 5s 69 July 117% 116% 116%
Can Nat 6s 69 Oct 120% 120 120
Can'dlan P db 4s perp 82 81% 82
Canadian Pac 4%s 46 97% 97% 97%
Canadian Pae 4%s 60 90% 90% 90%
Canadian P 6a 44 ct._ 114 114 114
High. Low. Clow
Canadian Pac Ss 54... 99% 99 99
Cent of Ga cn 5s 45... 10% 10% 10%
Cent III E&G 6s 51— 96 95 96
Cent of NJ 4s 87 _ 26% 26 26
Cent of NJ gn 5s87 rg 25 25 25
Cent N Y Pwr 3%s 62 105% 105% 105%
Cent Pac fst rf 4s 49 . 79% 79 79
Cent Pac 5s 60 _ 54 53 53%
Cart’d deb 6%s 48 ... 59 58% 58%
Ches & O 3%s 96 D... 95% 95% 95%
C&O gen 4 %s 92_117% 117% 117%
C&O con 6s 39 .. 104% 104% 104%
C&O n&A 1st 4s 89.. 113% 113% 113%
Chi & Atl ref 3s 49_ 18% 17% 17%
Chi B&Q gen 4s ’58 ... 99% 99% 99%
Chi B&Q 4 %s 77_ 90% 90% 90%
Chi B&O ref 6s 71 98% 98% 98%
C B&Q 111 dlv 3%s 49 98% 97% 98%
CB&Q 1 dlv 4s 49_ lOO*. 100% 100**
Chi &E 111 6s 61 ... 13% 13 13
Chi Grt West 4s 59 .. 18 17% 18
Chi Mil & St P 4s 89.. 27% 27% 27%
C M & St P 6s 75 .. 10% 9% 10%
CMStP&P ad! 6s 2000 3% 3% 3%
Chl&NW gen 3%s 87. 14% 14% 14%
Chi & NW gn 4s 87 .. 15 15 15
Chi & NW 4%s 2037— 8% 8% 8%
Chi & NW 4%s 49 ... 5% 4% 5%
Chi & NW 4 %s 87 ... 15 15 15
Chi & NW gen 5s 87.. 19 18 18
Chi R I&P rf 4s 34 . 7% 7 7
Chi R I&P rf 4s 34 ct- 6% 6% 6*,
Chi R I&P 4%s 52 .. 7% 7% 7%
Cht RI&P cv 4%s 60.. 4% 4% 4%
Cht TH&S rf 6s 60 ... 54% 54% 54%
Chi Un Sta 3%s 51... 102% 102% 102%
Chi Un Sta 3A*s 63... 106 105% 106
Chi Un Sta 4s 44 ... 104% 104% 104%
Chi & W In cn 4s 52 __ 88% 88 88%
Cht & W Ind 4%s 62.. 84 84 84
Cln G & E 3%s 66 104% 104% 104%
CCC&St L C dlv 4s 39 101 101 101
Cin Un Ter 3%s 71 .. 106% 106% 106%
Cln Un Term 5s 57 C. 108% 108% 108%
Clev Un Ter 4 %s 77.. 73% 73% 73%
Clev Un Ter 6s 73 ... 76 75% 76
Clev Un Ter 6%s 72.. 84% 84 84%
Colo & So 4 %s 80 ._ 35 35 35
Col G & E 5s 52 Apl ... 94% 94% 94%
Col G & E 5s 52 May.. 95% 94% 95%
Col Gas & Elec 5s 61. 91% 90 91%
Colum Ry P&L 4s 65 108 107% 107%
Cornel Cfed 2%s 42 101% 101 101
Cornel Credit 3%s 51 98% 98% 98%
tom Inv Tr 34s 51 104', 104'* 104',
Comwlth Ed 3»4s 65H 1074 107', 1074
Comwlth Ed 4s 81 E 1084 108 1084
Comwlth Ed 4 4 s 56 D 111', 1114 111 4
Comwlth Ed 4 4s 57D 1114 111'... 111'...
Comwlth Ed 5s 53 A 1124 1124 1124
Conn Il&I, 44s 51st. 107 , 1074 1074
Cons Ed N Y 34s 46 1044 1044 1044
Cons Ed N Y 34s 56 . 1024 1014 1024
Cons Gas NY 44s 51. 105", 105", 105",
Consol Oil 34s 51 99", 994 09",
Consum Pwr 34s 66 . 101 101 101
Consum Pwr 34s 70 103", 103", 103";
Consum Pwr 3%s 65. 1074 107", 107",
Container dob 5s 43 .. 86 85 85
Crane Co 34s 61 ... 102 101"; 102
Crown Will P 6s 51 . 1044 1044 1044
Cuba Northn 54s 42. 36 34', 36
Cuba UR 1st 5s 52 444 444 44'.;.
Cuba R R ref 7 4s 46 494 494. 494
Del & Hud ref 4s 43 .. 424 42 424
Den G& Easel ... 108 ’ 108 108
Den G&E 5s 51st .. 108 108 108
Den & R G con 4s 36 114 114 114
Den & RGW 6s 55asst 6 6 6
Det Edison 4s 65 110"; 110", 110",
Dow Chemical 3s 51 . 1034 1034 1034
Duquesne Lt 34* 65. 107", 1074 107",
Erie 1st 4s 96_ 44", 43', 44";
Erie gen 4s 96_ 234 234 234
Erie ref 5s 67- 134 134 134
Erie ref 5s 75_ 13", 134 13-,,
Fairbks Morse 4s 56.. 1004 100"4 1004
Galv H&H 5 4s 38_ 95', 95 95
| Gen Am inv 5s 52_ 102 102 102
I Gen Cable 54s 47_ 93 92 93
j Gen Mot Acc 3s 46 .. 1034 m3 10.3
Gen Mot Acc 34s 51. 103 103 103
Gen Stl Cast 54s 49. 474 47 474
Goodrich «'*s 56 _ 91", 91"; 91",
Goodrich 6s 45 . 90 894 90
Goodyear T&R 6s 57. 104", 1044 104",
Grt Nr Ry 3 4is 67 ... 78", 78", 78",
Great N Ry 4s 46 G.. 94", 944 94',
Grt N Ry 4s 46 H . 874 87", 874
GtNRgn44s76D . 814 814 81',
Grt N R gn 4 4s 77 E 81", 81", 81",
Grt N R 5 4s 52_ 974 974 974
Gulf 51 & N 5s50 ... 714 714 714
Gulf Sta Stl 4 4s 61.. 85 85 85
Gulf Sta L’til 4s 66 .. 1034 1034 1034
Houston Oil 54s 40 . 100 100 100
Hudson Coal 5s 62 A. 18 4 184 184
Hud & Man Inc 5s 57. 194 19 19
Hud & Man ref 5s 57. 614 50"* 50";
111 Cent ref 4s 53_ 364 36 364
111 Cent ref 4s 65_ 40 40 40
111 Cent 4 *4 s 66_ 34", 32"i 34",
111 Cent ref 5s 55 . .. 47", 47", 47",
111 Cent Cairo B 4s 50. 79*, 79", 79*,
ICC&St L N O 44s 63 ' 354 3.5", 354
ICC&St LN05s63. 37 36 37
111 Steel deb 4 4s 40.. 1074 1074 1074
Inland Stl 3%*s 61 ... 106 106 106
Inter R T 1 rf 6s 66... 564 55 564
Inter RT 6s 32 . 184 184 184
Inter R T 7s 32 .. 58 574 58
Interlake Iron 4s 47.. 77 764 77
Int Grt Nr 6s 52 _ 17 17 17
Int Hydro El 6s 44 _ 67", 66", 66",
Int Mer Marine 6s 41. 44 44 44
Int Pap ref 6s 55 ... 754 754 754
Int T&T cv 4 4s 39... 854 84'-.. 854
Int T&T 4 4s 52_ 56 544 56
Int T&T 5s 55 __ 594 574 594
Jones* L Stl 4 4s 61. 934 93 934
Kan C FtS&M 4s 36 . 29 29 29
Kan CFS&M rf4s 36ct 25 25 25
Kan City So rf 6s 50.. 604 604 604
Kans G&E 44s 80_104", 104", 104",
Keith's 6s 46 -- 85 85 85
Laclede G 54s 53 ... 594 584 59
Laclede G 54s 60 D.. 58 57", 58
Lake S&M S 34s 97 97", 97", 97",
Lake S&MS 34s 97rg 94 94 94
Lautaro Nit 1975s 294 294 294
Leh&NE RP, 4s 65 A. 934 93 4 934
Leh Vail Coal 5s 54 . 30 30 30
Leh Val Coal 5s 64_ 25 25 25
Leh Val NY 44s 40.. 43 43 43
Leh V P con 4s 2003 19", 194 194
Leh V P con 4 4s 2003 21 201, 21
Leh V os 2003 .. 25 24 25
Ligg & Myers 7s 44 _ 130 130 130
Liquid Carbon 4s 47.. 105'* 1054 1054
L & N unif 4s 40_101", 101", 101",
L & N 5s 2003 B_ 954 954 954
McKess&Rob 5 %s 60 100% 99% 100%
Me C RR 4s 45 _ 83 83 83
Me C HR 4%s 60 ... 51 49 49
Manati Sugar 4s 57... 28% 28 28%
Manhat Ry 4s 90 ... 27% 27 27
Manhat Ry 4s 90 ct... 25% 25% 25%
Mich Cent 3 %s 52_ 96% 96%. 96%
Mil El K&E 6s 61_ 100% 100 100%
Mil Xo 4 %s 34 ... 77 77 77
MStPiSSM cn 4s 38 11% 10% 11
MStP&SSM 5s 38 gtd. 10% 10% 10%
MStP&SSM 6s 46_ 5% 5% 5%
Mo K & T 4s 62 B_ 36% 36% 36%
Mo K & T 5s 62 A ... 39% 39 39%
Mo K & T adj 5s 67_ 17% 17 17
Mo Pac 4s 75_ 6% 5%‘ 5%
Mo Pac 5s 65 A _ 19% 19% 1919
Mo Pac 5s 65 A ct_ 18% 18% 18%
Mo Pac 6s 77 F_ 20% 20 20%
Mo Pac 6s 78 G_ 20% 20% 20%
Mo Pac 5s 80 H_ 20 20 20
Mo Pac 5s 81 l _ 20 20 20
Mo Pac 5s 81 1 ct _ 18% 18% 18%
Mob & Ohio 4 % s 77 . 11% 11% 11%
Monong Pub S *%s 60 104 103% 103%
MontPwr3%s66 91% 91 91%
Morris* Es 3%s 2000 62% 62% 62%
Morris&Essex 4 %s 5i 47 45% 45%
Nassau Elec 4s 51_ 23 23 23
Natl Dairy 3%s 61ww 100% 100, 100%
Natl Steel 4a 65 .. 107 107 107
New ET&T 4%a 61 . 121% 121% 121%
New ET&T 1st 6s 52. 125 125 125
New Jer P&L 4%s 60 106% 106% 106%
New Orl P S 5s 62 A.. 92 92 92
New Orl PS 6s 65 B . ( 92 91 92
New Orl T&M 6%s 64 32 30 32
N Y Central 3%s 62.. 63% 62 63%
NY Central 3 %s 97... 87% 87% 87%
NY Central 3%s 46.. 72% 71 72%
N Y Cent con 4s 98 64 64 64
N Y Cent rf 4%s 2013 52% 51% 52%
N Y C rf 4%s 2013 n.. 52% 61 52
N Y Cent rf 5s 2013.. 56% 56 56%
NYC&St E 4 %s 78 .. 38% 38 38%
NYC&St L 6%s 74 A. 44% 44 44%
NY Chi & St E 6s 38 .. 52% 52 52
NY Conn 1st 4%s 63. 104% 104 104
NY Dock 4s 51_ 50 49 49%
NY Dock 6s 38_ 50 50 50
NY Dock 68 88 ot-- 48% 48% 48%
NY Edison 3%s 65— 104 103% 103%
NY Edls ref 3%s 66.. 104% 104 104%
NY &E 1st 48 47 _ 96 96 96
NY G El H&P 4s 49— 114% 114% 114%
NY & Green L 5s 46_ 22 22 22
NY L& W 1st 4s 73.. 65 65 65
NY NH & H 3%s56- 15% 15% 15%
NY NH & H 4s 56 .. 16 16 16
NY NH & H cl 6s 40.. 29% 29 29%
NY NH & H cv 6s 48. 19% 19 19
NY O&W ref 4s 92... 8% 8% 8%
N Y Steam 6s 51_104%' 104% 104%
N Y Tel 3%s 67 ... 105% 105% 105%
N Y Tel ten 4 %s 39.. 106% 106 106
NY W&B 4%s46 . 5 5 5
Niag Falla P 3%s 66. 106 106 106
Norf So Bs 61_gl3% 13% 13%
Norf So 5s 61 Ct_.... . 13 13 13
A
High. Low. Oloss.
North Am Co 6s 61... 102 101 102
North Am Ed 6s 69 C 97% 97% 97%
North Am Ed 514 s 63. 103% 103% 103%
North Pao gn 3s 2047 52 50 52
North Pao 4s 97 ... 83% 83% 83%
Nor’n Pac 4%s 2047.. 57% 57% 57%
North Pac 6s 2047 _ 70% 68% 70%
Ohio Edison 3%s 72.. 98% 98 98
Ohio Edison 4s 65_104% 103% 104
Ohio Edison 4s 67_102% 102% 102%
Okla G A E 3%s 66 ... 101% 101% 101%
Okla Gas A El 4s 46.. 99 99 99
Ont Pwr Niag 5s 43_113% 113% 113%
Oreg RRAN 4s 46 ... 108% 108% 108%
Oreg ShL 6s 46 gtd— 113 113 113
Oreg W RR 4s 61 ... 101% 100% 101%
Pao Gas & El 3 %s 66 102% 102 102%
Pac G & E 3%s 61... 105% 105% 105%
Pac G & E 4s 64 109% 109% 109%
Pac TAT rf 3%s 66 B 104% 104% 104%
Panhand EPR-4s62._ 100% 100% 100%
Param’t Pic 3%s 47.. 69 69 69
Parmelee 6s 44 . . 38% 38% 38%
Penn Dixie C 6s 41 A. 83 83 83
Penn PA D 414s 81... 96% 96% 96%
Penn RR 3 % s 52_ 78% 77% 78
Penn RR 3 % s 70_ 86 85% 85%
Penn RR 4 % s 81_ 93% 93 93
Penn RR 4%s 84 _ 91% 91% 91%
Penn RR gn 414s 65 .. 98% 97% 97%
Penn RR rieh 4%sT0. 83% 83 83%
Teoria Tek U 514s 74 . 107 107 107
Pere Marq 5s 56 .. 67 67 67
Phelps Dodge 3 %s 62 106% 106% 106%
Phila BAW 4s 43 .110 110 110
Phila BAW 414s 77C. 107% 107% 107%
Phila Co 5s 67 _ 85% 85 85
Phila Elec 3 %s 67 ... 107% 107 107
Phila A R CAP 5s 73.. 15 15 15
Phila A R CA1 6s 49.. 5% 5% 5%
Philippine Ry 4s 37.. 14%. 13% 14
Pillsbury F M 6s 43.. 108% 108% 108%
PCCASt JL. 4%s 77 ... 98 98 98
Port Gen El 4 %s 60.. 51% 51% 51%
Postal Tel A C 5s 63 12% 12% 12%
Fotdniac El P 3%s 66 106 106 106
Reading Jer C 4s 51_. 65% 65% 65%
Reading R 4 %s 97 A 78% 78 78
Rem-Rand 4 %s 56ww 95% 95 95
Republic Stl 4%s 56. 81% 81% 81%
Republic Stl 5%s 64. 105% 105 105
Rich Term Ry 5s 52 .. 104% 104 104
Rio G W col 4s 49 A. 16 16 16
Safeway Stores 4s 47 1014 ini 1014 I
Saguenay Pw 44s 66 1014 1014 1014
St LiAl&S R&G 4s 33. 554 55 57
StL-San Fr 4s 50 A ... 124 114 124
I StL-San Fr 44s 78 104 104 104
StL-S F 4 4s 78 ct st. 9 9' 9
Kt L-S Fran 5s 60 B.. 12 12 12
St LS Wist 4s 89_ 62 62 62
St US W 2d 4s 89 344 34 34
St I, S W 1st ter 5s 52 174 174 174
St P Fn Den rf 5s 72 116 116 116
San Diego CG&E4s 65 1094 1094 1094
Schulco 6Us 46 A stp 19*4 194 194
Seabd A 4 6s 45 A_ 74 74 74
Seabd A L 6s 45 ct .. 74 74 74
Seabd A-Fl fis 35 A ct 34 34 3*,
Shell Un deb 34s 51. 101'-.. 1014 1014
Simmons Co 4s 52_ 844 844 844
Skeliy Oil 4s 51 ... 984 984 984
Socony Vac 3 4-s 60 . IO64 1064 1064
So Bell T&T 34s 62 104 104 104 ’
Southn Cal Gas 4s 65 108 108 108
Southn Cal G 4 Hs 61 1074 1074 107-4
South Nat G 4'js 51.. 98 98 98
So Pac 34s 46 _ 61", 60', fin'i
So Pac col 4s 49_ 494 49 4 49 4
So Pac ref 4s 55___ 684 674 674
So Pac 4 4s 68_ 47 46 47
So Pac 4 4s 69_ 47 46 464
So Pac 44s 81 _ 47 454 47
So Pac Oreg 44s 77_ 54*. 534 54
So Ry gen 4s 56 A_ 364 35 364
SoRy 5s 94 _ 574 54 574
Solly gen 6s 56_ 43 414 43 j
SoRyfi',s56 ... 43', 43 431,1
S W Bell Tel 3 4s 64. 1084 108 10s'
So.uhw'n G&E 4s 60.. 1034 1034 103',
Spokane Int 5s 55_ 12 12 12
Stand Oil N J 3s 61.102 1014 102
Swift & Co 3’«s 50.__ 1064 1064 1064
Tenn El Pw fis 47 A.. SO'* 804 80*. 1
Term As Et E 4s 53 . 105 105 105
Term Asso con 5s 44. 113 113 113
Texas Corp 3 '4s 51 . 106 105** 105*.
Texas & Pac 5s 77 B.. 77 77 77
Texas & Pac 5s 79 C . 76 76 76
Texas & Pac 5s SO D 76 76 76
Tex & Pac 1st 5s 2000 109*. 109*. 109*.
Third Av ref 4s 60... 30 30 30
Third A ad 5s 60 . _. 64 64 6*.
Tide Wat Oil 314s 52. 101*. 1014 101*.
Un El Chicago 5s 45 ... 94 9*. 94
Un Elect Mo)3•%s 62. 107*. 1074 1074
Union Pac 3 4s 71 ... 91 91 91
Union Pac 1st 4s 47.. Ill 110**111
Un Pac rf 4s 2008 ... 104 104 104
Un Pac 1st 5s 2008 . 114 114 114
Utd Cgr W Strs 5s 52 77*. 77', 774
United Drug 5s 53_ 72*, 72 72
U S Rubber 5s 47_ 106 1054 1054
Utah L & T 5s 4 4 .. SO', 80 80',
Utah Pwr & Lt 5s 44. 834 83 834
Util P & L 5s 59 _ 50 50 50
Util P& L 5 4s 47_ 50 50 50
Vanadium 5s 41 _ 85 85 85
Va E & P 4s 65 A_ 1094 1094 1094
Va Ry 1st 3»*s 66- 1044 1034 1044
Wabash 54s 75 .. .. 94 9*« 94!
Walker H&S 4 t*s 45 . 103 103 103 !
Walworth 4s 55 71 704 71 j
Warner Bros cv 6s S3 68 674 674;
Warren Br cv 6s 41 36 354 36
Wstchr Lt gn 3 4s 67 1024 102 1024
West Penn P 34s 66. 1084 1084 1084
W Sh 1st 4s 2361 _ 594 594 594
West Aid 1st 4s 52_ 85:4 854 854
West Pac 5s 46 A_ 184 184 184
West Un 4 4 s 50_ 544 534 534
West Un 5s 51 _ 54 53** 54
West Union 5s 60 _ 55 53 55
WVa Pulp&P 44s 52 103', 1034 1034
Wheel Steel 4'is 66 . 874 87 87',
Wilkes B&E fis 42 .. 5*. 54 54
I Wilson & Co 3 }* s 47 — 804 804 804
j V'ngstn S & T 4s61_ 98*, 984 984
Washington Produce
BUTTER—92 score. 1-pound prints. 34:
tub. 33; '4-pound prints. 35: 9(1 score.
1-pound prints, 33, tub. 32; U-Pound
prims. 34.
MEATS—Choice beef. 17: calves. IS;
iamb. 1H: teal. 22; sows, lit: fresh pork.
24; pork loin. 21: fresh ham, 21: large
skinned ham, 15: smoked ham. 23; smoked
skinned ham. 19: sliced bacon. 30-32;
piece bacon. 20: compound. Ill1*; lard. 11.
LIVE STOCK—Pigs. 120-150 pounds.
SaSU; light, pigs. 150-200. 8Ua8U: me
dium. 20(1-250 pounds. SUaS'.-; heavies.
250-500 pounds, SasU: sows. 5**a6**;
stags. 5'i down: calves, UallU.
Prices paid shippers, net {. o. b. Wash
ington tby the United States Bureau of
Agricultural Economics>:
EGGS—Market just about steady at un
changed prices. Government graded and
dated eggs: Whites. U. S. extras, large.
20'a: U. S. extras, mediums. IT1*: U. S.
standards, large, ls'2: u. S. standards,
mediums, in'*. Nearby ungraded eggs:
Current receipts. 10 to 10',2: whites. 17
to 17'2.
LIVE POULTRY—Market, steady to firm.
Occasional premium paid on small lots of
roasting chickens. Fowl: Colored, heavy.
18 to 20. a few at 21; No. 2s. 13 to 14:
Leghorns. 14 to 10; roosters. 12 to 13.
Chickens: Virginia Rocks, broilers. 2
pounds and less. 22: fryers, 10 to 21;
roasters. 22: Delaware Rocks and Crosses,
broners. 2 pounds and less. 22: fryers. 19
to 21: roasters. 22. Old turkeys, hens,
23 to 25.
FEDERAL LAND BANKS
NEW YORK March 15 UP).—Federal
Land Bank bonds:
,, Bid. Asked.
4Us Nov., 1058-38 _102U 103U
4s May. 1958-38_lOOU 101'.
4s July. 1940-44_111U lll‘*
I.3US May. 1955-45_ 104 104U
3s July. 1955-45_ 102*4 102'*
3s Jan.. 1950-40_ 102*4 102‘*
3S May. 1056-40_ 10214 1021*
---s
[ CHICAGO LIVE STOCK.
CHICAGO. March 15 UP) (United States
Department of Agriculture).—Hogs. 15,
000. including 5000 direct; market un
evenly 10-25 lower than Monday's av
erage: practical top. 0.55: small lot. 9.60:
bulk. 180-280 pounds. 9.15-55; 290-325
pounds, o.oo-io; good. 350-55o-pound
packing ' sows. 7.90-8.20; butcher kinds
to 8.35.
Cattle. 8 500; calves. 2.000; fed steers
and yearlings steady; market less active
than Monday but all interests in trade:
weighty steers comparatively scarce;
wanted on shipper account; common and
medium grades, all weights, getting good
action; feeder dealers again competing
with killers at 8.50 down; most fat steers.
- ,best lon* yearlings. 10.25:
strictly choice heavy steers absent: mostly
9.00-<5: heifers steady, best 9.00; cows
and bulls steady to weak: vealers steady
on choice weighty kind, selling up to 10.60:
light offerings. 8.50 down.
Sheep 9.000: none direct: late Monday
fat lambs. 15-25 lower; bulk. 9.15-35;
top. 9 40; choice 106-110 pounds. S.Ou-15;
tooay s trade slow: indications 15-25 low
er. or around 9.00-16. on wooled lambs;
probable top around 9.25; sheep about
steady.
MONTREAL SILVER.
MONTREAL, March 15 UP).—Silver fu
tures opened unchanged. Bids: March.
44.80; May, 44.00; July. 44.45.
—1 •
Netherlands Indies is to have its first
shoe factory.
FIRE INSURANCE
PROFITS IMPROVE
Reduced Losses and Gain in
Premium Volumes Are
Factors.
Special Dispatch to The Star.
NEW YORK, March 15.—From the
standpoint of underwriting and in
vestment earnings, practically all fire
and casualty companies enjoyed a
profitable year in 1937, according to
a report on the financial status of
leading companies in this field pre
pared by Allen & Co., who state, in
part:
•'Supplemented by reduced lire
losses, which were approximately 3
per cent below 1936, and, in most
cases, increased volume of premiums
written, underwriting results were sub
stantially better than in the previous
year. Although tve are in the midst
of a severe recession, yet due to the
nature of the fire insurance business
and its present stabilized condition, we
feel that the volume of new business
for the ensuing year will show only a
moderate reduction.
“With a background of good busi
ness for the first three quarters of
the fiscal period, the Investment in
come received by fire companies was,
in the majority of instances, larger
than in the preceding period. Again
there was the stimulus of the tax on
undistributed profits, which resulted
in most corporations paying out a
greater proportion of their net income.
Due to the severe drop in security
prices, surpluses at the year end were
mostly below those of 1936, with a cor
responding reduction in liquidating
values. This brings to the fore good
portfolio supervision, which, in itself,
is linked with good management, a
most imiKirtant factor in times of
radical security price changes.
“Casualty companies, aided by a
combination of favorable factors and
changes in the nature of the industry,
enjoyed their third successive year of
favorable operations. With the States
imposing compulsory laws and with
the nature of the insurance changing
from one of relative luxury to that of
necessity, the volume of casualty in
surance written has shown marked in
creases in recent years. Having as its
foundation an adequate rate level,
greater safety campaigns and severer
motor vehicle regulations, automobile
casualty is now on a paying basis.
Workmen's compensation laws have
been broadened, making this type of
insurance an important part of the
casualty division. Miscellaneous lines
have shown moderate increases in
volume, and all these improvements
reflect clearly the public's growing
recognition of the necessity of certain
types of casualty insurance. Decreases
in investment income and liquidating
values of casualty companies were not
as large as in the case of fire com
panies, since fixed bearing obligations
make up a greater percentage of cas
ualty companies' portfolios.’’
financing Tull
HOLDS ATTENTION
Investment Bankers. Inc., Sends
Questions to More Than 3,000
Firms in Survey.
Ey the Associated Press.
NEW YORK, March 15—When
there is discussion in Wall Street on
the long-continued stagnation in the
capital market there is usually a
tendency to echo the words of outside
commentators who have been blaming
New Deal policies, particularly the tax
laws.
But apparently the verdict does not
satisfy the whole audience in the finan
cial community. An organization,
known as Investment Bankers. Inc.,
headed by a Baltimore financier, is
seeking by means of a questionnaire
to determine the basic reasons for the 1
condition. The questionnaire has been
sent to more than 3.000 companies
throughout the country.
Explaining that viewpoints are!
sought with respect to all elements of
the problem, “legislative, economic,
psychological or governmental," an ac
companying letter pointed out there
"are widely divergent views as to the
reasons for the present inactivity of
this market.”
One belief, according to the letter, is
that funds are available to all sound
industries: that they are not being
used “because of the state of mind of
both the borrower and the lender.”
Another opinion, said the letter, is
that funds are not available for rea
sonable capital risks in a great many
sections of the country, aside from ap
prehensions of borrower or lender.
FOREIGN EXCHANGES.
NEW YORK. March 15 op..—The French
franc after -sinking into new low ground
ag’in this morning, rallied a little around
noon for a gain of .00tj of a cent
Other major European currencies, how
ever. rang up fresh low marks. The
pound sterling slumped ’’b of a cent, and
the guilder still one of the hardest hit
in terms of the dollar sagged .13 of a
cent. The Swiss franc dropped .02 of
a cent. The belga. borrowing a little
strength from the franc, added .00’a of
a cent.
In London the dollar ended l's cents
higher at 4.973b. while in Paris the Amer
ican unit showed only a narrow gain
Noon rates follow: Great Britain in
dollars: others in cents. Great Britain,
demand. 4.973<: cables. 4 !>734: 00-day
bills. 4.97: France, demand 3.04 *-i; cables.
3.04’a: Italy, demand. 5.28’a: cables.
5.2 O’/a
Demands—Belgium. 10.84: Germany,
free. 40.17; registered. 20.05: travel. 24.40;
Holland. 55.40: Norway. 25.02: Sweden,
25.05: Denmark. 22.23: Finland. 2 22;
Switzerland. 23.01: Spain, unquoted: Por
tugal. 4.55’a; Greece 913b: Roland. 18 95:
Czechoslovakia 3.50’i: Yugoslavia. 2.34t*;
Austria, unnuoted: Hungary. 19 90; Ru
mania. .743s: Argentina. 3.'1.19n: Brazil
(free>. 5.90n: Tokio. 28.80: Shanghai.
29.30; Hongkong. 30.94; Mexico City,
27.80; Montreal in New York, 99.85ii;
New York in Montreal. 100.14 iV
n—Nominal.
PHILADELPHIA PRODUCE.
PHILADELPHIA. March 15 OPi.—Live
poultry: Fowls. Plymouth Rock, fancy.
22-23: white Leghorns, average 18-19:
pullets fancy Plymouth Rocks. 27: broil
ers. Plymouth Rocks, fancy. 20-23; or
dinary. 17-19: ducks, white Pekin, fancy,
young. 17-18: muscovy. 20. Cheese: Long
horns 10-lfl’a: single daisies. 10-10'a.
Dressed poultry unchanged Wheat: No.
2. red winter, garlicky. March delivery.
88'2. Butter unchanged. Eggs. 3.718
cases: firmer; standards. Nos. 1 and 2.
19-20.
NEW YORK PRODUCE.
NEW YORK. March 15 OPl.— Eggs. 27.
889; firmer. Mixed colors, special packs.
20*4-21 Va; standards. 19’a-20: firsts. 17Va
18: seconds. l7'/4-ya; mediums. 17-X7y4:
dirties. No. 1. 1634-17: average checks.
16; storage-packed, firsts. 183/4-18V4.
Butter. J ,386.785: steady. Creamery:
Higher than extra. Soyt-.H'/a: extra (92
score). 30’/2; firsts (88-91). 28-30'/4; sec
onds (84-87). 26-27.
Cheese. 462.561; steady; prices un
changed.
RELIABLE DIVIDEND VOTED.
NEW YORK, March 15 (Special).—
Reliable Stores Corp. today declared a
dividend of 37’4 cents a share on 83,
440 shares of convertible preferred
stock (covering the period from Jan
uary 1 to March 31, 1938), payable
April 1 to stockholders of record |
March 25.
30 Per Cent Gain
In Nets Revealed
By Pacific Firms
By the Associated Press.
SAN FRANCISCO, March 15.—The
first 25 Pacific Coast corporations to
report on 1937 operations to the San
Francisco Stock Exchange showed ag
gregate net profits of $31,753,312.
This was up 30 per ctnt from the
1936 earnings for the same companies,
totaling $24,416,564.
Thirteen had Increased profits, while
12 recorded decreases. Some report
ing declines in net profits actually
made more money than in 1936, but
paid enough more taxes to reduce net
earnings.
Union Oil Co.'s report affected the
Coast report materially, with its $12,
061,332 net profit and gain of 96.6
per cent over last year to achieve the
biggest earnings for any year except
1929. The biggest percentage gain
went to Oliver United Filters, with
net profit of $454,738, up 300 per cent.
NE1 OF PHILLIPS
PETROLEUM SOARS
1937 Profit at $24,113,874
Against $17,875,489 in
Preceding Year.
Ey the Associated Press.
NEW YORK. March 15.—Phillips
Petroleum Co., with producing proper
ties mainly in the midcontinent and
distribution facilities in many States,
reported today for 1937 net profit of
$24.113 874. equal to $5 42 a share on
the common stock, compared with
$17,875,489, or $4.22 a share, in 1936.
Prank Phillips, president, said the
company had decided to curtail capital
expansion projects and reduce operat
ing expenses because of the business
slump and contraction in earnings.
“While conditions In the industry at
present are far from satisfactory.” he
commented, “we are optimistic for the
future because we believe ultimately
those conditions will be corrected.”
Columbian Carbon Co.
Columbian Carbon Co. for 1937 re
ported net income of $4,466 249. the
highest in its history, equal to SB.31 a
share on the capital stock, against
$4,021,137, or $7.48 a share, in 1936.
The company has plants in Pennsyl
vania. Texas, Louisiana. West Virginia,
Kansas and New Jersey.
National Cash Register.
National Cash Register Co . Dayton,
Ohio, for 1937 showed consolidated net
Income of $3,920,667. equal to $2.40 a
share on the capital stock, compared
with $2,865,341, or $1.76 a share, in
1936.
Gannett Co., Inc.
Garnett Co., Inc., operating a chain
of newspapers in New York. New Jer
sey, Connecticut and Illinois, reported
for 1937 net profit of $1,123,085, equal
to $8.64 a share on the class A com
mon stock, compared with $1,026,150.
or $7.52 a share on the class A com
mon In 1936.
Aluminum Goods Manufacturing.
The Aluminum Goods Manufactur
ing Co. reported net 1937 earnings of
$1,681,956 today, equal to $1.53 a share
on common stock. This compared with
net of $1,377,245 in 1936.
American Safety Razor.
American Safety Razor Corp. of
Brooklyn reported net profits for the
year 1937 of $1,294,243. equal to S2.47
a share, compared with $1,414,225, or
$2.70 a share, in 1936.
Western Pipe & Steel.
SAN FRANCISCO. March 15 (^P).—
Western Pipe & Steel Co. reported
$400,177 net profit for 1937, compared
with $486,654 in 1936. Earnings on
common stock, after preferred divi
dends. were $2.65 a share on the 147.
587 shares, compared with $3.24 a
share in the preceding year. Directors
declared a 25-eent quarterly dividend
on common stock. Sale of the Chicago
plant at a net loss of $99,235 brought
the 1937 net under that of the pre
ceding year. Sales and other income
totaled $10,150,204, compared with $9 -
258.924.
Italo Petroleum.
Italo Petroleum Corp. reports $185,
588 net profit in 1937, compared with
$278,213 in 1936. Earnings on pre
ferred stock figured 31 cents a share,
against 46 cents.
Byron Jackson Co.
Byron Jackson Co., manufacturer of
pumps and oil field equipment, reports
$1,262,924 net profit in 1937, an in
crease from $1,100,035 in 1936 and
the best year since 1929.
SHORT-TERM SECURITIES.
(Reported by Smith. Barney & Co )
. _ , _ Bid. Offer.
Amer Tel A- Tel 5%s 43 _ 113% n:t%
Aub Auto Co 4%s 3ft IS -'S
Austin & Northw 5s 41_ SI
Baid Loco Wks 5s 40 "OS', ftp3,
Calif Pack Corp 5s 40 in.3% 104%
Central Foundry Os 41 _ loo
Chesa & Ohio Rwy 5s 39 104% 1043,
Container Corp 5s 43 S3 89
Cuba North Rwys 5%s 43 33', ;m
Dela A Hudson 4s 43 4 3 43
Edison Elec Ilium 4s 39 10"% ioo%
Gen Pub Serv 5%s 39 9S%
Grand Rap & Ind 4%s 4ll 100%
Houston Oil 5%s 40 __ 100 100%
Illinois Steel 4%s 40 107 107%
Int Mer Marine Os 41.. 43% 4S
}nt Tel A- Tel 4%s 39 . S4% S5%
Laclede Gas Light 5s 39 _ SO SO3,
Lake Erier A- West 5s 41 _ S3
Lehign Val Term Rwy 5a 41 35 59%
Lf.u>s * Nash R R 4s 40 101% 103
JJieh Cent R R 4s 40 . loo
Midland R R of N J 5s 40 15% 171,
Mllw * North R R 4'as 39 51 74%
N Y Tel Co 4'as 39 ... 100 100%
Pennsylvania Co 3%s 41 103% 4113
Penn-Dixle Cement Os 41__ S3% S4%
Penna R R Co 4s 43 109 111
Phila Balt A- Wash 4s 43 109% no
Rio Grande West 4s 39 35 05%
Term R R As St L 4%s 39 104%
Texas A- N Orleans 5s 43 S°
Vanadium Corp 5s 41 S4 SO
Warner Bros Os 39 00% 07%
wa*.1 ^ Y A’ pa 4s %'> 105% 110
White Sew Mach Os 40 93 94%
LOANS
• to home owners
• to home builders
• to home buyers
No commissions to pay
... no renewals neces
sary. Let us go over your
problem with you,
whpther you intend to
Buy, Build, Modernize
or Refinance. Payments
monthly, just like rent.
Melvitt C. Haxen, Pres.
Floyd E. Davis, Treas.
Fred A. Smith, Sec’y.
Columbia Permanent
BUILDING ASSOCIATION
j 733 12th St. N.W. j
y NAt. 0352 J
FAR BELOW 1937
Home Construction Climbs
Above Previous Month
During February.
B» the Associated Press
NEW YORK, March 15 — Building
and engineering contracts awarded in
February in the 37 States east of the
Rockies amounted to $119,038,000, a
decline of 37 per cent from February,
1937, the F. W. Dodge Corp. reported.
The decline which began in the
later months of 1937 continued from
January' into February, which, the
corporation pointed out, "is the cus
tomary course of a recession like the
present one.’’
Residential building? however, made
the first break in the series of month
ly declines in this classifleaton which
began last June. In February, resi
dential construction undertaken in the
37 States was 10 per cent ahead of
January, amounting to $40,023,000,
against $36,207,000.
"It is currently reported," the
corporation said, “that preliminary
applications for mortgage insurance,
both on single dwellings and develop
ment projects for sale and for rent,
have greatly increased since enactment
of the new amendments to the Na
tional Housing Act; this may be an
indication of increased residential
building contracts some weeks hence.”
Charter No. :i«25. Reserve District. No.5.
REPORT OF CONDITION OF THE
COLUMBIA NATIONAL BANK
OF WASHINGTON
In thp Di*trict of Columbia, at the close
of business on March 7. 193*.
Published in response to call made by
Comptroller of the Currency, under section
5211. U. S. Revised Statutes.
ASSETS.
1- Loans and discounts _81,585.480.4 7
2. Overdrafts , 26.82
0. United States Govern
ment obligations, direct
and luliy guaranteed 1,360.596.25
4. Other bonds, stocks and
securities 512,965.00
6. Banking
house 8164,778.63
Furniture and
fixtures 19 806 52 1*4.585.15
*. Reserve vrrh Federal
Reserve bank 1 042.959.50
I*. Ca*h. balances with other
banks, and cash item1
;n process of collection 913 788.40
3 0, Cash items not in process
of collection . 7.04
33. Other assets _ 3 300.hu
Total aassets. -_ 85.610.711.63
LIABILITIES
14. D°mar.d deposit* of indi
viduals partnerships
end corporations 83 073.815.74
15. Time deposits of indi
viduals. partnership*
and corporations 1.319.060.79
1*. Derosits of other banks,
including certified and
cashier's checks out
•andinc 335.614.45
Dmosrs not secured by
pledge of loans and
nr invest
ments 84 728 499.98
Toal
deposits 84.728.499.98
27. In■ erest, reserve ___ ;o- 000.00 !
29. O’her liabilities_ .'-.376.47
30. Capital account;
Common
stock 2 -
500 share*
par 81 00.00
per share 8250.000.00
Surplus . _ 350,000.00
Undivided
profits, net 187.778.08
Reserves for
coirm
ger.cies_ 61 057.10
To’al capital account 848.835.18
Total liabilities_85.610.711.63
Ei1—- :—.—2- = ■ ■■
MEMORANDUM*. LOANS AND INVEST
MENTS PLEDGED TO SECURE
LIABILITIES.
31. United States Government ob
ligation* direct and fully
guaranteed _.. 8990 00
34. Total pledged (excluding
rediscounts)_ 8990.00 1
cry '-:t :
35. Pledged ’
For other purposes_spnn.nn
Total pledeed _ £900.00
City of Washington. District, ef Colum
bia ss:
I R H LACEY, cashier of the above
named bank do solemnly swear that th»
above statement is true to the best -of my
knowledge and belief.
R H LACEY. Cashier
Sworn to and subscribed before me this
1 lth day of March. 19«k.
i Seal, i JOHN W. SCOTT.
Notary Public.
Correct—Attest:
ERNEST C. GUY.
DAVID J KAUFMAN.
JOSEPH H MILAN'S
EDGAR MORRIS.
WALTER S. PRATT. Jr.
FRANK J. STRYKER.
HARRY S. WOLF.
Directors.
—__* XU
CONSUMPTION OF FATS
AND OILS INCREASES
Consumption of fats and oils in
the United States reached record pro
portions during 1937, according to
preliminary estimates for the year re
leased by the Bureau of Agricultural
Economics in its current reports on the
fats and oils situation.
Apparent disappearance in the
United States of all fats and oils both
domestic end foreign, for all purposes
the bureau said, indicates a consump
tion of more than 9.3 billion pounds.
This figure for the past year's do
mestic use is about 13,000.000 pounds
larger than the estimate for 1936
and a little over 600.000.000 pounds
larger than consumption in 1929, which
was the peak year prior to 1936.
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
Chairs Steel Files
Desks Steel Cabinets
Tables Safes
BAUM’S OFFICE FURNITURE
I4I« Ere 8t. N.». Phene v/L rise
Money for Constroction Loam
and
Loans on Existing Properties
5%
FIRST DEED OF TRUST ONLT
GEORGE I. BORGER
643 Indiana A*e. N.W.
Nat’l 0350
J^speeialists^t^f ±::::
rfor Business Records^ ]]'•■
and Equipment >;;;
BLANK 1
BOOKS
{ ^Hie ,
\WaIcottTaylor Co. Ind
MILLS BLDG At
MEtro.5846
■ SHE CO
STATlONm^
QI0g ST» -N'Wj
Property Management
>*wb*#!ERE are many times
/Ij when you will appreciate
expert counsel in coping
with the perplexing problems
that come up in connection witty
the management of your apart
ment house and residential
properties.
Pl^ce our Property Management
Department in charge—best at
tention.
B. F. SAUL CO.
925 15th St. Natl. 2100
Mortgage Loans
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 Sts., N. E. 1110 Fifteenth St., N. W.
CONSTRUCTION LOANS
in District of Columbia or nearby Maryland
SIX MONTHS TO ONE YEAR
INTEREST
COMMISSION 1%
Upon completion of buildings,
these loans may be extended
on one of several long term
monthly payment plans; or for
three or five years, without
curtails; interest semi-annually.
H. L. Rust Company
1001 FIFTEENTH STREET NATIONAL 8)00

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