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Evening star. [volume] (Washington, D.C.) 1854-1972, March 16, 1938, Image 16

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-03-16/ed-1/seq-16/

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NORM ICAN
EXPENSES CLIMB
Rapid Increase in Costs
During 1937 Revealed
by Annual Report.
By EDWARD C. STONE.
Study of the annual report of the
North American Co., of which the
Potomac Electric Power Co., Washing
ton Railway <fc Electric Co. and
Capital Transit
Co. are subsidi
aries, shows a
very rapid in
crease in the
cost of operations
during the past
year. In the face
of the higher
expenses, h o w
ever. the com
pany reported a
consolidated net
Income of $1.95
per share on the
common stock,
against $1.74 a
share on com
James F. Fogarty.
mon stock a year ago.
Expenditures for fuel for electric
and heating operations showed an in
crease of about $690,000 as compared
with the previous year, President
James A. Fogarty stated.
Total pay roll costs for North Amer
ican utility subsidiaries, excluding
direct charges for construction. In
creased approximately $2,200,000 as
compared with 1936.
The various taxes imposed by Fed
eral. State and local governments
required total provisions for 1937 of
$17,625,648. compared with $16,984.
895 in 1936.
Total provision for Social Security
taxes in 1937 amounted to approxi
mately $1,000,000 as compared with
about $375,000 in 1936.
It was a big sear for output and
sales. Total output amounted to
6.448.127.802 kilowatt hours, an in
crease of 7.71 per cent, and largest
in the concern's history.
There was an increase of 20.523 in
the number of residential electric cus
tomers during the year. The total
number of electric customers reached
1.191.363.
Another steam-electric generating
unit will be added to the Washington
plant during 1938. President Fogarty
announced.
The Potomae Electric Power Co. in
November issued and sold an addi
tional $5,000,000 of its first mortgage
bonds. 3’i per cent series, due 1936, to
provide funds for construction ex
penditures and working capital, the
review added.
Building Interest Growing.
The United States Chamber of Com
merce reports that there has been an
unusual response in the way of com
munity interest and activity to the
new housing legislation, particularly
to the revival of the Federal Housing
Administration's modernization pro
gram.
The better housing commutes which
the Federal Housing Administrator has
revived are working in virtually all
cases in close co-operation with cham
bers of commerce. There is every
disposition on the part of the admin
istrator, as well as officials of local
chambers, to encourage these co-opera
tive arrangements.
It is recognized that residential
building is a localized activity and the
problems which beset it must be solved
by local interest and leadership, not
only on the part of business men. but of
labor and of civic leaders.
Fine Insurance Year Noted.
Thomas A. Buckner, chairman of
the board of the New York Life In
surance Co., reports that policy holders
and beneficiaries were paid over $191,
000.000 during the year 1937.
New life insurance issued during the ,
year amounted to $477,000,000. an in- J
crease of $26,000,000 over 1936. In- i
surance in force on December 31. 1937,
aggregated $6,770,000,000. a eain of
$109,000,000 over the close of 1936.
Assets on December 31. 1937, were
$2,520,000,000. an increase of $116,000,
000 during the year.
Dividend Policy Approved.
Directors of the Mergenthaler Lino
type Co., meeting yesterday, approved
a policy of delaying any consideration
of dividend action until shortly before
the end of the fiscal year. September
30. The decision, according to a state
ment by Joseph T. Mackey, president.
Is due to increasing acuteness of the
business recession. The dividend ac
tion due on February 15 was omitted
at that time.
Mergenthaler Linotype stock is
listed on the Washington Stock Ex
change and at times is very active.
The last sale was made at 20. the low
for the year. The high for 1938 was
24**. The stock is widely held here, j
Auditors on Baltimore Yisit.
About 40 members of the Auditors’
Section of the District Bankers' Asso
ciation will journey to Baltimore to
morrow night to be guests of the
Maryland Auditors’ Association, car
rying out the plan of frequently ex
changing visits. The Washington
bankers will have a special car at
tached to one of the regular trains,
an excellent program already having
been arranged for their enjoyment,
The Chesapeake & Ohio Railway re
ports for the first two months of this
year net earnings equal to 24 cents a
share on the common stock, in com
parison with 50 cents per share on
the common in the first two months
of 1937.
Business Group Growing.
William P. Ames, chairman of the
American Federation of Little Busi
ness, announced here today that seven
more membeis have been appointed
to the National Advisory Committee.
A new member at large is Miss Nola
Minton, Barbourville Hickory Mills.
Barbourville. Ky.. famous breeder of
saddle horses, industrialist and club
woman. She has been in business
since 1914.
Financial supervision of the federa
tion is now in the hands of Claude
Livingston, jr„ Washington real estate
man. who has been jiamed treasurer.
Today's Trading on Exchange.
Capital Traction 5s sold at 66 on the
Washington Stock Exchange today.
Washington Gas 5s. 1958, came out at
105 on two sales.
Capital Transit stock opened at 7%
and moved up to 77s on two small
sales. Lanston Monotype appeared on
the board today, 10 shares changing
hands at 70.
G. M.-P. Murphy & Co. are members
of a syndicate which fs offering $2,
415,400 City of Albany 2 per cent and
21* per cent bonds, due March 1, 1939
1978, inclusive.
The Boston Stock Exchange has
asked the Securities and Exchange
Commission for authority to add 16
issues to its unlisted trading depart
ment. The Philadelphia exchange
W’ot* to «dH four rrti^re
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Prim* Wire Direct to The Mar.
Prev. 10.18 Stock and Sales— Net
High Low Dividend Rate Add 00. High. Low Close, chge
10*, 8% Adams Exp <.60g) .. 3 9 8% 9 — %
2 1% Advance Rtimley 10 2 1% 2
58% 45% Atr Reduction tla). 17 55 52% 54% —1%
13% 10% Alaska Jun <.60a)._ 18 10% 10% 10%-%
1% 1% Alleghany _ 15 1% 1% 1%
17% 11 Alleg $3U ww _ 10 11% 11 11 -1%
21% 15% Alleghany Steel_ 5 16% 15% 15% -1%
9% 7% Allen Industries_ 5 7% 7 7 — %
176% 154% Allied Chem (6)_ 6 162 160% 161 -4
9*, 6% Allied Stores _ 14 7% 6% 6% - %
53% 42 Allied Strs pf (5)... 2 48% 48 48%-%
51% 38 A!Hs-Chalm(.37%e) 48 47% 45% 46% -2%
3% 2 Amal Leather_ 13 2 2 2
24 14 Amal Leath pf. 2 15 14% 14% - %
72% 67 Amerada (2) _ 1 65% 65% 65% -2%
15% 11 Am Bank Note .BOe. 5 13% 13* 13% - %
55 49% Am Bank Not pf(3) 10* 54 54 54
42% 30% Am Brake Shoe ,2oe 8 34 33% 33% -1
91% 70% Am Can (4) 9 86% 84% 86% -1%
167 163 Am Can pf (7) __ 2 164% 164 164% +1%
27% 19% Am Car & Fy 25c _ 4 20% 19% 20'* -IV,
17% 12% Am Ch&Cahle 25e_. 21 14% 13% 13% -1
105% 95 Ant Chicle 14a ) 1 103% 103% 103', -1%
8% 6 Am Colortyp* 6 7% 6% 6% — %
13% 10% Am Conic! Alco 50g 2 11% 11% 11%+ %
83 78 Am Crys Sue pf «6) 10s 80 80 80 +1%
4% 3% Am Encaustic Til . 6 3% 3% 3% — %
4% 3 Am & Foreign Pwr. 8 3% 3% 3% — %
19% 12 Am * For Pw $6 pf.. ] 16 16 16 —2%
25% 16% Am & For Pw $7 pf.. 3 22 19% 19% -3
11% 7%. Am For Pwr 2d pf . 2 9% 8% 8% —1%
4% 3 Am Hide * Leather 8 3% 3 3 — %
26 20 Am Hide & L pf (.1). 1 18% 18% 18% —1%
37% 33% Am Horne Prod 2.40 7 35% 35 35% — %
2% l\ Am Ice 3 2 2 2
7% 5% Am International... 1 6% 6% 6% - %
23% 16% Am Locomotive__ 9 19% 18 18% —1%
74% 56 Am Loco pf (7g) 1 60 60 60
14% 12% Am Mach & Fy 20e. 7 13*, 13 13 - %
38% 29 Am Metal (,lg) 19 33% 31% 32 -1%
29% 25 Am News l.25e) . 180s 26 25% 25% -1%
7% 4 Am Power * Light 22 5 4% 4% — r,
33 22 AmP&L $5pf .93 %k 5 25% 23% 23% —1%
40% 26 Am P&L $6 pf 1 %k 2 27 27 27 " -2%
14% 11% Am Rad & St 60 .. 45 12% 11', 12 -~%
22% 17% Am Rolling Mill .. 10 19% 18% 18% -1%
78 66 Am Roll M pf 4.50 .. 4 70 69 69 _ %
14% 10 Am Seating 1.25g -• 2 10% 10%' 10% - %
35%. 26% Am Shlpbuldg (2) . 30s 27%. 27% 27% -1%
56% 44% Am Sm & Ref 1.25e . 59 48%. 46 47 -2%
131 121 Am Sm & Ref pf<7) 8 125 123% 125 +1%
i 34% 22% Anr Steel Foun 25# 30 26% 24 24% -2
18% 16% Am Sumat Tobt 1) . 2 17 16', 16%
149% 127', Am Tel * Teleg (9) 21 131% 129% 130 -1%
71 60% Am Tobacco 15) 2 66% 66 66 —1
72% 63% Am Tobacco! B) (5) 7 68% 66% 66% -2',
7% 5% Am Type Founders 4 5% 5% 5% — t,
13% 8*, Am Water Works _ 20 9% 8% Sr, — a,
5', 4 Am Woolen _ 6 4s, 1% 4% — %
35*i 27 Am Woolen pf 15 33 31% 32 -1%
8% 4% Am Zinc Lead & Sm 23 7% 6% 6% - %
40 30 Am Zinc prpf 2.50g . 1 30 30 30
36% 27% Anaconda Cop .25*. 263 32% 30% 30% —2*,
50 36 Anacon W & Cable l 37 37 37
IS 15i, Anchor Hock O .15* x 1 16’, 16% 16*,+ 4,
30% 25% Arch-Dan-MId 5(le 1 26 26 26 -1 !
: 100% 92 Armour (Del pf (7) 2 92 91% 91', — %
64 44 Armour(Ill) . 29 54 5 5 — 4 •
72 394 Armour (111) pr pf . 4 404 39*, 394
39 30 Armstrong (25e) 22 32 29 29 — 24 ;
74 64 Arnold Const .37 T-je 4 64 fix, gx, _ 1, :
8s, 54 Asso Dry Goods 22 6 5*, 54 - 4!
35 31 Assoc Invest 12) 1 30 30 30 -1
42 32 Atcli T & S F (2g 1 37 324 304 31 -34
72 56', Atch T & S F of (5) I 574 56 56 -1 !
274 204 Atl Coast 1. I f,He IT 204 20 20 -4 !
144- 9 All Gulf & W Ind pt 1 94 94 9', - x„ .
21 20 Atl Refining (1) 14 234 21*, 21', -1
94 64 Atlas Corp 1 SOI _ Jl 74 fit, fit, — t,
43 394> Atlas Corp pf < 3) . 2 40 40 40
46 42 Atlas Powder (,50e) 1 444 4)4 444 + 1, !
6'.’ 34 Auburn Auto _ ‘2 4 4 4
44 34 AstationCorp _ 33 34 34 34 - 4:
104 74 Baldwin Loo rt_ 26 94 84 84 —1
104 6 Balto.tOhio _ 44 74 6',- «4 4- 1,
13"-, 7',« Balto&Ohiopf_ 11 8', 74 74 — 4
19 144 Barber Co tig) _ 5 174 lfi 16 —14
104 74' Barker Bros 75g_ 1 7', 74 7', — 4
164 13 Barnsdallil) __ 51 15 14 14 — 4
12*4 IO4. Bayuk Cgr .I83,e .. 2 11', ID, 11', -r 1,
174 154 Beatrice Cr t la 1 .. 2 16 154 154 -1
30i. 304 Beech Creek RR(2). 30s 294 294 294 - 4
84 74 Belding-Hsm(.25e) 1 7', 7s, 7'. + 4
144 104 Bendix Aviation ... 25 124 114 114 — 4
19 16', Beneficial Ln 45e._ 4 174 17', 174 — 4
404 29 Best & Co (2 50a)... 4 364 354 354 +14 I
654 50i« Bethlehem Steel_ 169 574 544 55 —3-4
16', 144, Beth 5% pf il) _ 2 15 144 144 - 4 j
98'., 894 Beth Steel pf (7)_ 5 91 90 904 - 4'
28 20i, Blgelow'Sanford_ 1 21 21 21 —14 |
174 124 Black & Decker _ 5 14 4 144 144 — u 1
154 114 Blaw-Knox 1.2Ug .. 26 144 13', 13', —14
354 254, Boeing Aero < 40,f) _ 116 29:, 27 274 -1',
30 234 Bohn Alum&Br< 4g). 2 264 254 264 + 4
134 114 Bond Stores (1 60). 1 11 11 11 — *,
194 174 Borden tl 60) _ 15 17'. 174 174 — 4
28'., 21', Borg-Warner _ 31 254 234 23s, -14
44 24 Boston & Maine_ 3 2*. 2*, 2',
104 74 Bridgeport Brass... 14 64 S 84 — 4
264 19% Briggs Mfg (4g) . 29 224 21 214 -14
304 23 Briggs & Strat ,75e. 1 28 28 28 -14
34 28 Bristol-Myers 2.40. 3 31 31 31 - -4
134 S', Bklyn-Man Transit. 4 94 94 94 — 4
24 14 Bklyn & Queens . 1 14 14 14
94 6*. Bklyn & Queens pf. 4 64 64 64
2D, 144 Bklyn Union Gas 7 154 15 154
94 74 Bucyrus-Erie 75g_. 12 8 74 74 — 4
64 44 Budd Mfg _ 9 54 5 5 - 4
547, 40 Budd Mfg pf ... 30s 414- 414 414-14
54 34 Budd Wheel 20g_ 3 44 44 44
20 154 Bullaid Co 25e . 2 19 18 18 + 4 j
324 244 Bulova Watch (4) x 11 27 4 264 264 -14:
94’ 7 Burlington Mills! 1) 7 74 74- 74 — 4 !
204 164 Burr's Add M i.20e) 10 174 174 174 - 4 i
34 2 Bush Term (r) _ 5 2 4 2 4 27,
8-4 6T« Butler Bros (.60) 3 7’a 74 7’.
44 3 Butte Copper lOg . 6 34 34 34 — 4
11s, 84 Bvers*Co 4 94 94 94 - 4
364 30 Bversi AM) pf 24g 20s 32 304 304
19s, 154 Byron Jackson oOe. 2 174 174 174 — >,
244 19 Calif Pack (1.50a).. 1 20 20 20 + 4!
104 fit, Calum & Hec 1.10g. 11 84 84 84 — 4 ;
154 10 Campbell Wy (1) .. 4 134 134 131,- 4 !
194 134 Canada Dry G Ale . 41 18 16', 17 -14
84 54 Canadian Pacific 22 64 6 6—4
18 154 Carpenter Stl .10e - 2 154 15', 154 — 4
974 79 Case (J 1) <6g) ... 13 88 814 844 -24
554 394 Caterpill Trac 50e.. 10 434 411 414—34
103 1001,Caterpillar t pf (5). 1 102’, 1024 1024 - 4
184 14 Celanese Corp .. 23 14s, 144 144 —14
254 18 Celotex Corp 1.20g.. 2 I84 184 184 —1
28 26 Cent Aguire (1.50). 1 26 26 26 - 4
47a 34 Central Foundry .. 8 3** 37, 34 — 7,
11 9i, Central RR of X J . 1 94 94 94 -4
467a 35'a Cerro de Pasco (le) 10 40 384 39 -24
8s, 6 Certain-teed _ 5 67, 64 6', — 4
324. 22s, Certain-teed pf . 220s 26 25 25 - 4
106 1024 Champ P & F pf (6) . 50s 1024 1014 101s, - 4
484. 3774 Ches Corp (3) ... 1 40 40 40 -4
3874 314 Ches & Ohio 1.50e__ 44 324 314 314 -24
14 7a Chi Great Wn (r)._ 1 *, s, *,
54 3 Chi Gt West pf (r). 3 34 34 34 - V.
14 11 Chi Mail Order 25e. 2 114 114 114-4
1 4 Chi M StP& P (r> 2 *« *, 4 + 4
l7, 14 Chi M StP& P pf(r) 15 14 14 14
Is, 1 Chi & Northwn (r) 4 1 1 1
44 3 Chi & Northw pf(r) 8 3 24 24 -4
127, 94 Chi Pneu Tool 4 10% 10 10s, - 4
324 27 Chi Pneu Tcv pf (3) 3 28 274 277-3 - 4
27a 14 Chi RI&P 6% pf(r) 2 14 14 14 - 4
24 14 C R 1 & P 7% pr (r). 1 Is, IT* 14
16s, 124 Chickasha C 0.50e. 1 144 144 144 — %
54 3*, Childs Co _ 1 44 44 44 — %
634 464 Chrysler Corp 188 534 50 50% -34
137S 10% City lec & Fuel .40e 10 13 124 12%
3% 2% City Stores .. 1 2% 2s, 2%
24 174 Clark Equipment .. 1 184 18’2 184 — 4
112 1064 Clev El Illu pf 44 100s 1114 1114 1114 - %
264 194 Clev Graph Br(.25e) 4 21 204 21 —1
41 334 Climax Molb ,30e .. 9 384 36% 37 —1%
131a 134 Cluett Peabody (1). 11 14 14 14-4
1174 111 Cluett Peab pf (7).. 10s 115 115 115 — %
114 84 Colgate-Palm-Pete. 11 9% 9 9—7*
95Va 874 Colg-Palm-P pf (6) 1 92 92 92 —174
27% 204 Collins & Aik 50e _ 2 214 21% 21%—1%
20 144 Colo Fuel & Ir (1*). 3 15 14% 14% — u
a3* 6 Colo & Southern 10s 6v* 6>* 6>*
22'* 16H Columb BC(A) 40e 4 1674 16'* 16*5-%
2U* 164* Col Broad (B) ,40e_ 1 164* 1(}4, 164* — i*
9H 6’* Columt) G & El 45*. 74 74* 674 7 — %
79 68 Col G&El pf A(6)_ 1 71 71 71 + %
76 62'/* Coliim Carbon (4)„ 6 69'* 68 69H+1
384* 31V* Cornel Credit (4).._ 10 3574 33'* 33 V* -l*i
444* 36 Cornel lnv Tr (4)... 28 3874 36H 3644-244
10 74* Cornel Solv (.60)_ 12 74, 7v, 74* — **
274* 224* Com with Edls 1.25.. g 231* 231. 2344 — 4*
2 14* Comwlth & South'n 52 14, i»* j**
421i 30 Comw &So pf 1.50k. 6 35 33'* 331* -214
24v2 20 Congoleum-N ,25e.. 8 20 1 94* 194* -14*
8 71* Congress Cgr <lg). 2 7V« 7V* 7V, - V4
19',* 134* Consol Aircraft 60g 36 164* 151* 15«4 - V*
8 61* Consol Cigar (.76e). 3 7 7 7 _ yt
78 71 Cons Cgr pr pf 6.50. 10s 78 78 78
251* 20V* Consol Edls t.60e)_. 32 211* 2014 2044 — 44
96V* 90 Consol Edls pf (5).. 14 921* 92 92V* + V4
IV* IV* Consol Film . 1 14* 144 14,
67* 54* Consol Film pf .50g. 6 6 544 544 + 14
54* 41* Consol Laundries . 14 4 4 —
10V* 84* Consol Oil ( .80) . 33 9V4 8% 874 - 4*
7V* 3V* Consol RR Cuba pf. 1 41* 44* 41*
V* S Consol Textile (r) . 4 4* 4* 4*
54* 3 Consolidation Coal 4 3 3 3
22 13 Consolldatn Coal pf 1 13 13 13
164* 124, Contain Corp 1.20 . 14 14 1314 13V* - Vi
161* 104* Conti Baking (A).. 10 14V* 124* 13 - 14
24* 11* Conti Baking (B) - 5 14* 14* l*i - V4
85 73 Conti Baking pf(8). 3 794* 79 794* — 1*
454* 38'/* Conti Can ( 5'ie) __ 6 421* 4144 414* — Vt
94* 71i Conti Diamond .. 6. 71* 71* 714
32 271* Conti Insur (1 60a). 20 29'a 27H 27V* -14i
l»i H* Conti Motor . 20 IV* lVi IV*
344* 274* Conti Oil (Del) 25e 28 2 9 274* 27?* -144
16'* 121* Conti Steel_ 1 131* 131* 1314 + V*
56 48 Corn Exchange (3). 90s 49 48 48 —IV*
6514 584* Corn Products (I).. 3 64 6314 63V4 — V4
44, 34* Coty L10g) _ 5 34* 34* 34*
29V* 19 Crane Co (lg) _ 17 28V* 26 26V*-2
98 89 Crane Co cv pf <5)_. 2 90 8914 8914 —114
10V* 7V4 Croaley Radio_ 1 8 8 8 + 14
39H 91U Crown VlorVAS kOe T 88 80U 80*4 -Ij)
Prev. 1038 8tock and Sales— Net
High. Low. Dividend Rate. Add 00. High. Low. Close. eh«e.
33% 30 Crown Ck pf xw 2>,i 3 31 31 31 -(- Vk
12% 9% Crown Zeller .50e. _ 13 9% 9% 9% — %
44% 31% Crucible Steel_ 22 34 32 32 -2%
13% 6% Cuba R R pf . 110a 8 7% 7% - %
7% 5 Curtis Publishing . 4 6 6% 5% — Vi
50% 39 Curtis Pub pf (2k). 2 47% 47 47 -1%
5% 4 Curtiss- Wright . 119 4% 4% 4% — %
18% 13% Curtiss-Wr(A).60g_ 53 174s 16 16% - %
24% 15% Cutler-Hammer .. 18 19% 18% 18% -1%
9% 8% Davison Chem .60g_ 1 8 8 8 — %
107 102% Dayton P&Lpf 4.50. 10s 106 106 106 -fl
25% 18% Deere* Co V 81 23% 21% 22% -1%
25 21% Deere & Co pf (1.40) 4 22% 22% 22%
15% 12 Deisel-Wem-G ,20e. 1 12% 12% 12%
17% 13% Del & Hudson 14 13% 12% 12% -2
8% 6% Del Lack * Western 26 6% 6 6% - %
2% 1% Den&Rlo GW pf(r) 1 1H 1% 1% - %
108 89 Detroit Edison (2e) 1 90% 90% 90% -1%
39% 29 Devoe*. Ray (A) 3 *220s 31% 31% 31%-%
26% 20% Diamond Mtch 50er 6 25% 24% 24% - %
36 31% Diam Match pf 1.60 2 36% 36 36
9% 6% Diamon T Mot (1> 3 7% 7 7 — %
16 12% DIs Corp-Seag .50e 11 13% 12% 12% -1
75 66 Dist-Seag pf ww(5) 2 72% 72V* 72% —2%
17 15% Dixie-Vortex (1.50) 2 15% 15 15 - %
22% 17% Doehler Die (2g)... 3 18% 17%.17%-1%
60% 52% Dome Mines 2e ... 29 53% 51 61 -2%
46% 35 Douglas Aircraft... 101 42 39 39% —2
112 87% Dow Chem (.75e)... 9 104% 100 100 -3
12% 8% Dresser Mfg (R) . 3 10 9% 9% - %
% % Dul RS&Atl pf(r). 1 % % %+%
3% 2% Dunhill Inll 1 2% 2% 2%
123% 106 Du Pont rle N 50e . 34 119% 115% 115% -5%
136 132 Du Pont deb (6) . 1 137 137 137 +1
115% 111 Dupont de N pf 4.50 1114 114 114
116% 111% Duquesne 1st pf ( o) 20s 11614 115% 115%
7% 5 Eastern Roll Mills .. 2 5% 5% 5% — %
167 149% Kastman Kod 3.5Ue. 2 150 150 150 —4%
21% 15% Eaton Mfg (.25e)__. 2 16 16 16 — %
4% 3% Eitingon Schlld .. 3 3% 3 3 - %
21% 15% E! Auto Lite t.25e). 9 18% 17% 18 — %
10% 7% Elec Roat l.60g) . 9 8% 8% 8% - %
4 3% El & Mus Inst .1 pg.. 7 2% 2% 2% - %
13% 8% Elec Pwr * Light.. 104 10% 9 9% - %
43 30 Elec Pwr & Lt pf... 4 36 35 35% -3
31% 26 Elec Stor Bat (2)... 1 29 29 29 - %
22 17 El Paso .Vat G (2) . 12 22% 20% 21%-%
6% 3% Eng Public Service . 12 4% 3% 3% — ’a
2'a 1% Equit Office Bttild g 4 2 2 2
6% 3 Erie R R . 9 3% 3 3
9% 4% Erie 1st of... 9 4% 4% 4% - %
7 3 Erie 2d pf . 2’ 3% 3 3
5% 3% Eureka Vacuum Cl. 1 3% 3% 3% + %
2 % Fairbanks Co . 150s 1% 1% 1% -t- %
11% 5%’ Fairbanks Co pf_ 20s 6 6 6
33', 24 Fairbanks-M <1)_.. 8 30', 29 29% -1%
4'a 2"a Federal Motor_ 2 3% 3% 3% — %
4% 3 Federal Screw 4 3% 3 3 + %
33'.. 27 Fid Phoenix 1 60a.. 9 29% 28% 28% -2%
25% 18% Firestone <.75e>__ 2 20% 19% 19% — %
92 87 Firestone pf (6)_ 1 85 85 85 -2
18% 14%-Flintkote i Ig) 7 161* 15% 15% -1%
96 89 Food Mach pf (4.50) 40s 95 95 95
20% 14% Foster Wheeler . 9 18% 16% 16%-]%
28 22% Freeport Sulph (2). 20 27% 26% 26% — %
5 3% Gair (Robert) ... 5 3% 3% 3% - %
16 12%. Gair (Robert 1 pf ... 2 13% 13 13
(4 54 Gar Wood lnd ,2ag a 6 6 6—4
74 54 Oen Am Investment I 54 57« .Vi + 4
454 SS', Gen Am Trans 3.50b In 404 384 384 —14
9 74 Gen Baking (,60a) 12 84 74 74 - 4
54 34 Gen Bronze ... 2 4 34 34 — 4
13 84 Gen fable 8 94 8', 84 - ",
1204 1104 Gen Cigar pf <7) _ 20s 117 117 117
454 364 Gen Electric 1.30e). 75 394 384 384 —14 i
33'“ 264 Gen Foods (21 8 28’, 274 274 - », j
14 4 Gen Gas & Elec (A) 11 1 4 1
574 504 Gen .Mills (3) _ 1 554 554 554 +
384 29'“ Gen Motors (,25e).. 166 354 334 334 - 24
1164 112’, Gen Motors pf (a).. .3 1154 115 1154 f 4
54 44 Gen Ontdoork Adv.. 1 5 5 5 + 4
94 74 Gen Print Ink 10e_. 1 8', S', 84+ 4
264 184 Gen Rv Sig (.50e>.. 3 21 21 21
2 14 Gen Bealtv & lltil . 5 1'. 14 14+ 4
204 15 Gen Realty & Ut pf. 6 18', 17*, 17*, -1
28 194 Gen Refract (2g> . 6 24 21", 22 -14
284 194 Gen Steel Cast nf . 570s 234 21 214 -14
14 104-Gen Tbea Eq 1.25* 1 104 107, 104 - 4
144 104 Gen Tire & Rub 50e 5 124 12 12
114 94 Gillette Saf R 25e . 14 97 . 94 94
9’, 64 Gimbe) Bros_ 6 74 7 7',
274 194 Glidden Co _ 8 20 184 184 -14
3', 2 Gobel (Adolf)_ 2 2 2 2 -4
194 13', Goodrich (B F)_ 21 174 154 15*, -14
574 461, Goodrich pf (a) _ 3 504 50 50 - 4
24 174 Goodyear Tire(.25e) 57 22 20 204 -1*,
89 76 Goodyear pf (5)_ 3 844 83 83 —2
2 1 Graham-Paige_ 10 14 1 1
64 44 Granby Consol .. 2 44 44 44 + *«
27', 224 Grant (WT) 1.2(4 . 7 23 21', 214 -1',
23 20 Grant (WT) pf (1). 1 214- 214 214-4
264 19 Great North n pf 2g 45 204 18 184 -14
154 114 Grt Nor Ore ct 75e. 7 124 114 114 — 4 j
214 16 Green (HU 1.60a._ 3 174 16’, 16', -1
114 84 Greyhound ( 80)_ 77 ] 1 104 104 — ",
84 74 Greyhound pf .55).. 9 84 8 8—4
7 54 Hall 1 WT)Printing. 2 6’, 6', 64
214 17 Hamilton W (,25e). 1 17 17 17
25 20 Harb-Walke 25e .. 10 214 20 20 - «,
67 60 Hat Corp pf (64).. 10s 55 55 55 -12
2', 1', Hayes Body _ 2 14 1', 1',
77» 6 Hecker Prod ( 60)-. .3 64 6', 6', — 4
94 89 Holme (GW) SX ... 1 90 90 90 -14
17 12', Hercules Motor _ 2 134 13 13 + 4
58 49', Hercules Pow .40e . 4 544 5.34 534 — '»
130 126', HerculesPow pf (6) 40, 130 129', 13(1
434 424 Hershey Choc (3) . 2 42 42 42 —1
93 844 Hershey cv pf (4a). 1 S37, 834 S37, -1',
23 17 Holland Furn (le). 11 244 224 22', —14
11 7', Hollander & Son 1 74 74 74 — 4
Holly Sugar pf(7) 10* 102 102 102 -5',
65', 524 Homestake Min 4 4 8 58 .57 57', +14 i
25 214 Houd-Her (A) 24.. 2 224- 22 22 + 4,
ll7, 84 Houd-Her B (1 4* > .. 11 9*, 9 9 -*.
52 464 Household Fin (4) 1 514 514 514 + 4|
84 64 Houston Oil . 35 8 74 7'« — 4
53'# 414- Howe Sound (3) ... 7 46 444 444 -3 !
10 64 Hudson Motor 2ag 15 74 74 74 — 4 :
l7, 1 Hupp Motor _ 7 14 1 1 — 4 ;
124 84 Illinois Central 29 94 8', 9 —14
38 29 Illinois Cent LL (4) 20s 304 304 304-14
22 16 Industrial Rayon 8 184 174 18 — ’,
86 70 Ingersoll Rdtl.SOe) 2 72 704 704 -8 4
138 135 Ingersoll-R pf 16) .. 10s Rifii3 1361) 1364 -14
784 61 Inland Steel (4) 7 70 66', 66', —44
154 94 Inspiration Copper. 42 1.34 12 124 —14
6', 34 Interboro R T 1 r) . 2 5 44 47, — 4
25 17 Interchemical Corp 3 20 194 194
95 834 Interehem pf (6) 50s 85 83 85 +1
134 9 Interlake Iron 65g_ 15 11 104 104 — 4
37s 24 Inti Agricultural .. 5 24 24 2', — 4
29 20 Inti Agric pr pf :Tg.. 1 22 22 22 -1
1544 140 Inti Bus Mach (6a). 1 148 148 148 41
70 554 Inti Harvest (2.50). 22 65', 614 634 -24
152 141 Inti Harv pf (7) 2 142 1414 142 +1
74 44 Inti Hydro-Elect A) 6 54 5 54 — 4
44 3 Inti Mer Marine ... 1 34 34 34 - 4
It's 74 Inti Mining (.15e)_ 4 10 • 9', 94—4
524 434 Inti Nick Can .50e__ 202 494 47 47 -34
94 64 Inti Paper & Pwr .. 47 7", 64 *7 — 4
394 27V, Inti Paper&Pwr pf. ll 314 29 30 -2
6 .34 Inti Rv Cent Am . 120s 34 34 34
484 34', Inti P,C A pf 1.25k. 50, 374 36 .36 -24
684 61 Inti Silver pf (2k) . 20s 614 61 61
84 54 Inti Tel & Telee 78 7 4 6 4 7 -4
84 6 Inti Tel & Tel for ct 18 74 7 7 —14
134 94 Interstate DS 2.75g 3 94 9!i 94 — 4
24 204 Island Crk Coal (2) 1 21 21 21
5.34 464 Jewel Tea (4) 2 53 52 52 —4
86 664 Johns-Manvllle . 19 754 72 74 -14
1254 122 Johns-Manv pf (7) x 20s 1244 124 1244 +
78 604 Jones & Laugh pf . 260s 604 59 59 —24
194 16 Kalam Stove (.2Se) 1 154 154 154 —1
9', 64 Kansas City Southn 3 8 7', 7', — a,
18v, 154 Kaufmann Dep 40e 2 154 154 154 +4
64 44 Kelsey-Hayes (B).. 1 5 5 5 + 4
434 324 Kennecott (.25e) .. 119 38 354 354 —24
94 74 Keystone S&W.lSe. 7 84 84 84-4
164 12 Kinney pr pf 1.50g. 210s 144 14V, 144
184 154 Kresge (SS) .30e .. 9 174 174 174 -4
28 24 Kress (SH) 1.60 ... 3 244 244 244 - 4
174 144 Kroger Groo (1.60). 5 144 144 144
18 12 Laclede Gas _ It's 14 14 14 + %
30 19 Laclede Gas pf_ 70s 21% 19 19 -2
12% 10*4 Lambert Co 7oe .. x 1 10% 10% 10%+ %
19% 14% Lehigh Port C .25e 1 15% 15% 15%-%
5% 3 Lehigh Val Coal pf. 2 3% 3% 3% + %
6% 4% Lehigh Valley R R_ 7 5% 4H 4% - %
28% 22% Lehman Corp <1)._. 8 25 22% 23% -2%
11 8% Lehn & Fink .30e... 19 9 9
27% 22% Lerner Stores 4 2)_ 3 25% 25 25 - %
42 31V* Libby-Ow-Fd .25e.. 11 33 31% 31% -1%
100 86 Ligg& Myers (4a). 3 86 85% 86
102% 89 Llgg & Myers(B)4a 1 90% 90% 90%+%
42% 34% Link Belt (2) . 2 41% 41% 41%+%
20 16 Liquid Carbon 60e. 4 16% 15% 15% - %
5274 447i Loew’s, Inc <.50e)__ 17 46% 44% 45% -1%
1% 174 Loft. Inc ... 5 1% 1% 1% - %
.39% 31% Lone Star Cem (3). 11 36 33% 3374 -1%
474 3'i Long-Bell (A) .. 5 4 3 3 - %
21 1774 Loose-Wiles (.30e). 5 17% 16% 16% - %
18 15% Lorillard (1.20) ... 11 16 15% 15% - 74
5674 44 Lou & Nash 2.50e_ 4 457* 43% 43% -2
21% 1574 Ludlum Steel .25e._ 7 177* 17 17 - %
15% 1174 McCall (.12%e)._.. 6 11% 11% 11%-%
10 7*4 McCrory Strs .50g.. 4 8% 8 8
10% 8% McGraw-Hill ,15e.. 1 9 9 9 + Vi
45% 3874 McIntyre Poro (2).. 18 39% 37% 37% -17*
2674 17% McKeesport Tin... 5 19% 187a 18% -1%
8% 674 McKees* Rob (d). 11 7 6% 6% - %
35% 30 McKess&Rob pf (3) 2 32% 32% 32%-%
874 6*4 McLellan Strs ,40e. 8 6% 6% 6% — %
247* 18 Mack Truck (1) ... 4 20 19% 19% -1
32% 26 Macy (RH) Co (2).. 6 30% 29 29% - %
2 1% Manati Sugar new.. 5 1% 1% 1% — %
9 6% Man Ry modgtd(r) 1 6% 67* 6% — %
2074 12 Manhat Ry gtd(r).. 10s 13% 13% 13% — *4
27* 1% Maracaibo Oil 1 174 1 74 1 74 + 74
77a 57* Marine Midland .40 16 6% 6 6 — %
127* 7 Market St Ry pr pf. 220s 12% 117* 12%
974 7*4 Marshall Field_ 16 774 7% 7% — %
21% 1574 Martin (Glen)_ 61 19% 1774 18 -%
4*4 2*4 Martin-Parry _ 1 3*4 3*4 3*4-74
37% 29 Masonite Corp (1).. 3 32 31 31 -l*i
27% 22*4 Mathleson Aik 1.50. 4 26*4 26 26% + *4
42% 347* May Dept Strs (3).. 3 38% 38 38
6% 4% Maytag Co L50g)._ 21 4% 4% 4% - *4
48 40*4 Melville Shoe <le)_. 2 42% 42% 4274 —1*4
574 4 MengelCo_ 12 474 4 4 — 74
SS 17% Mengel t>% vf (tUft 90s 19% 19*4 19 - %
Prev. 11*38 Stock nnd Sales— Net
High. Low. Dividend Rate. Add 00. Hlah. Low Close, chge.
43% 35 Mesta Mach <2e) 1 37% 37% 37% + %
11% 7% Miami Copper .15b. 9 9% 8% 8% —1%
22% 17% Mld-Cont Pet 1.50b. 3 18% 17% 17% -1%
27% 20% Mldld Stl Prod ,60e. 3 25 24% 24%-1%
67 46% Minn-Honey R <31. 1 63 63 63 -2%
7% 6% Mlnn-Molln# Imp .. 9 6% 6% 6% — %
% % Minn StP&SSM (r). 1 % % %
1% % M StP&SSM pf (r)_ 1 % % %-%
17% 13% Mission Corp 1.25b. 1 14% 14% 14% + %
3% 2% Mo Kan & Texas 3 2% 2% 2% — %
11% 7% Mo Kan & Texaa pf. 10 7% 7 7 %-%
2% 1 Mo Paciflo (r) 18 1% 1% 1%
3% 1% Mo Paciflo pf (r»_ 7 1% 1% 1%
91% 77% Monsanto Ch (2)... 13 85% 84 84%-%
37% 29% Montaom Ward le . 80 35% 32% 34 -1%
39% 31 Morris & Ess 3.78 % 20s 34 34 34
% % Mother Lode (.45b) 25 % % %
21% 15% Motor Products . 3 16% 15% 15% — %
14 10% Motor Wheel!.20e). 2 11% 11% 11%-%
21% 15 Mueller Brass (la) 3 16% 15% 15%—%
7% 4% Mullins Mfc <B) . 4 » 5% 5% 5% — %
64% 50 Mullins MfB pf (7). 40s 50% 50 50 - %
57 45% Murphy (GC) (4) . 5 45 45 45 — %
7% 5 Murray Corp(.25B). 5 6 5% 5% — %
12% 8% Nash-Kelv ( 12%). 29 9 8% 8%
15% 10% Nash Chat & SlL... 30s 11 10% 10*,-%
13% 9% Natl Acme (is)_ 3 11% 11% 11%-%
10% 7% Natl Aviation . 6 8% 7% 7% — %
20% 17% Nat/ Biscuit t.40e)_ 2d 20% -19% 19% — %
17% 13% Natl Rd & Inv 1.44 . 1 13% 13% 13% — %
43 39% Natl Bond & Sh .25e 2 40% 40% 40%-%
18% 14% Natl Cash UeK ,50e 11 16% 15% 15% - %
15% 13% Natl Dairy (1.20) 1.5 13% 13% 13% - %
110 106 Natl Dairy pf B (7) 80s 107% 107 107
7*f 5% Natl Dept Stores 2 5*, 5% 5% + %
23% 19% Natl Distillers (2a) 5 21% 20% 20% -1%
7*4 5% Natl Gypsum _ 15 7% 7 7 — %
29*4 20% Natl Lead (.50) .. 46 21% 19% 20% -1%
136 130*t Natl Lead pf B (6) . 30s 133 131 131 -2
8% 6% Natl Pwr& Lt (.60) 5 6% 6% 6% - %
62*4 50 Natl Steel (2.50a).. 8 55 5.3% 53% -2%
23 14% Natl Supply (b) .. 42 21% 19% 19% -1%
29% 21 Natl Supply *2 pf.. 5 27% 27% 27%-%
10% 8% Natomas(.8«) .. 3 9 9 9
23% 19% Neisner Bros (2) . 1 19% 19% 19%—%
70 63 Neisner Bros pf 4% 1 68 68 68 -1
40 35 Newberry(JJ) 2.40. 2 35 34 34 -1%
19% 12% Newport Ind *2ci . 29 16% 15% 15% -1%
39 29 N Y Air Brake 2Se_ I 29 29 29 -2
19% 15% N V Central 271 15% 14 14% -1%
22% 13 N Y Chi & StLouis 4 14% 12% 12% -2
38% 19 N Y Chi & StL pf 6 21% 19 19 -2%
26% 20 NYP Omnibus 4.90b 4 23% 23% 23%
4*4 3% N Y Dock 1.30s 3*, 3% 3%
114 <4 N Y Pock pr _ 21(>s 104 9 9 — 4
1154 1124 NY* Harlem (5) _ 10s 1154 1154 1154
24 2 N V N H * H (r> 7 2 2 2
64 44 N Y N H * H pf (r) 5 44 44 44 - 4
14 4NYOnt*Wn(r> .4111
104 64 N Y Shipbuilding 8 74 7 7 - 4
198 165 Norfolk * West 10a 3 167 165 165 -3
104 74 No Am Avia .125k 36 84 74 74 - 4
22 16’, North Am Co C30e) .56 184 17 174 -14
99 92 Nonh Am Ed pf(6). 2 94 94 94
134 94 Nor Pacific .. 60 104 94 94 -14
3 14 Norwalk Tire* R.. 1 24 24 24 + 4
ll7. ll7, OhloOil (ID .. 21 13 124 124 - 4
324 224 Oliver Farm Equip. 21 30 4 284 28’, —24
124 94 Omnibus (1.80k) .. 7 10’, 10 10 - 4 ;
244 194 Otis Elevator .15e._ 2 M94 194 194 - 4
12 84. OtisStesl 14 94 84 9 — i
664 484 Owens-Ill G1 ,2Se... 13 504 494 50 -14
54 4 Pac Coast 10s 44 44 44 — 4 \
84 6 Pac Coast 2d pf . 20s 64 64 64 + 4
114 114 Pac Finance < ::->e) . 1 ll7, ll7, ll7, -4'
284 254 Pac Has * El (2 i .. 4 26 26 26
40 344 Pac Lighting (3)... 2 354 354 354 — 4 1
16'a 124 Pacific Mills . 1 134' 13' • 134
116 109'.• Pac Tel * Tel 1.50p 10s 110' . 110' 1104
154 114 Pac Wesfn Oil 75g 3 114 114 114-4
54 4 Packard Mot ,25g .. 39 44 44 44
124 8', Paramount . 63 94 84 84 — 4
124 9 Param’t 2d pf (.60) 3 9 9 9 — 4 ;
24 20 Park * Tilford (3k) 1 20 20 20
34 24 Park Utah (,15k) - 1 24 24 24
374 314 Parke Davis (.Sfte). 7 364 36 36 - 4 I
204 17 Parker Rust (1.50). 2 18 18 IS'
24 14 Parmelee Tran_ 2 14 14 14 + 4
64 44 Path* Film _ 5 5’. 5 5 — 4
124 94 Patino Mines (2g).. 8 104 104 104 — 4
54 44 Tearless (,30g) .. 7 54 5 54 -r 4
474 414 Penirk & Ford .50e. 2 44'; 444 444
734 62 Penney (,TC) (1 e) . 17 704 684 69 —1
5 34 Penn-Dlxie Cement. 3 4 37« 37, — t,
154 124 Penn G1 Sand ct lg. 1 11 14 14 - 4
24'- 19 Penn RR (1.25g) . 42 19’, 184 184 -14
344 264 Peoples GC&C (2g) 7 28'.. 27 27 -2
15 10 Tere Marquette __ 3 94 9 9 —1
. 384 25 Pere Marq pf 20s 23 23 23 -2
374 25 Pere Marq pr pf (5) 30s 28 28 28
13'. 104 Petrol Corp <1.27g) 4 11 104 10’,-’,
74 44 Pfeiffer Brew ,25e _ 4 64 6 6 — 4 i
31’, 22 Phelps Dodge ,10e . 42 25’, 234 244-14
374 31 Phila Co 6% pf<3) . 3 36 36 36 - 4 I
24 l7, Phila Rap Tr (r) . 20s I7, l7, 14
44 34 Phila Rap Tr pf (r) 50s 34 3 3 — 4 !
4 'a Phila Read C&l (r> 4 4 'a 4
95'a 81 Philip Morris 5.25e . 13 884 85 854 -34
424 344 Phillips Petro!m(2) 30 374 36 364 -14
50'a 40 Pirelli (l.SS»*g)... 20s 47 47 47 -3
74 54 Pitts Coal _ 2 54 5’, 54 - 4
35 26 Pitts Coal pf ... 1 26 26 26 -1
84 6’, Pitts Screw (.63g).. 2 74 74 74 — 4
16’, 104 Pitts Steel. _ 4 11’, IP, 11',— 4
46 33 ritts Steel pf _ .. 20s 35’, 35’, 354
20 16', Plymouth Oil 1.102 194 184 184 — 4
11 9 Pond Creek <2g)_ 2 10 10 10 — 4
12 74 Poor & Co R ... 2 8'a 84 84 — 4
34 24 Porto Aic-Am T A . 6 24 24 24 — 4
14 4 Porto R Am To (B). 2 4 4 4
4H 24 Postal T * C pf (r). 4 24 24 24 — 4
104 74 Press Stl Car .25k 8 84 74 7’, — 4,
104 64 Press St C 1 stpf .25 2 74 74 74 — 41
50’, 45’, Proctor * Gam <2). 3 48’, 484 48' -— 4!
120 117 Procter & G pf (5) 20s 120 120 120
35' 2 294 Pub Svc N .1 <2.60)'. 3 294 294 294 -1 !
984 91*, Tub Svc N .1 pf (5). 1 924 924 924 - 4
108 1044 Pub Svc N .1 pf (6). 1 104 104 104 -1 i
1234 1171, Pub Svc NJ pf (7) .. 1116 116 116 -Hi '
143 135 Pub Sve N J pf (S>_ 80s 135 133', 1334 -14“
364 28’, Pullman Co (1.50) . 9 29’, 28’, 29 — ’,
134 10', Pure 011 ( 25k)_ 44 12 11 11',-’,
984 844 Ture Oil pf (6) ... 1 854 854 854 +1 |
10', Purity Rak (,15a)_ 8 84 84 84 — 4
74 54 Radio Corp (.20k)-- 102 6’, 6 6 — 4
53 444 Radio cv pf (34 ) . 11 484 46 464 -14
5’, 3', Radio-Keith-Or (r) 13 3’, 34 3’, — 4
74 54 R R Sec 111 Stk .100s 5 4 4 -14
23’, 194 Rayhest-Man .37 4. 1 204 20', 204 + 4
22 17'a Reading Co (2) 2 174 174/ 17', - 4
304 25 Reading 1st pf (2).. 1 224 224 224 —24
14 1 Reis & Co _ 11 1 1-4
11 7 Reis* Col stpf_ 1 74 74 74 —14
9-4 74 Reliable Stores__ 2 7’, 74 7’, + 4
154 124 Rem Rand ,50a_ 11 13', 124 124 — 4
3 24 Reo Motor _ 11 24 24 24
20’, 154 Republic Steel .. 78 174 164 164 — 4
ir>>2 54'_. Jtep tsteei ev pr <6)_ 1 544 544 544
73 584 Republic St pfA(S). 2 63 63 63 +441
174 114 Revere Copper 7 134 124 124 —14
37 24 Revere Copper (A). 1 24 24 24
85 81 Revere Cop pf (7) 150* 80 78 78 -3
174 144 Reynolds MetClSe) 5 164 16 164 + 4
104 64 Reynolds Spring _ 6 64 64 64 + 4
584* 514 Reynolds Tob 1.20e 10* 55 55 55
464 38 Reynolds T< B)1.20e 14 384 374 374 -1
74 - 54 Richfield 0!l(.2og)_ 7 64 6 6 — 4
234 17 Ruberoid Co .. .. 1 17 17 17 —14
234 17 Safeway Stores ,23e 2 18 174 174 — 4
81 724 Safeways Sts pf 15) 10* 70 70 70 —3
105 984 Safeway Sts pf(7) 50* 994 99 99 —1
404 294 St Joseph Lead .25e 21 38 344 354 -24
14 1 StL-San Fran (r) 4 1 1 1—4
3 2 StL-San Fran pf(r) 2 2 2 2
19*4 144 Savage Arms . _ 2 144 14 14 — 4
274 21 Schenley Dist ,50e . 23 22 204 21 — 4
1 4 Schulte Ret Strs(r) 12 4 4 4
7*i 54 Schulte Ret S pf(r) 2 54 44 44—4
42 374 Scott Paper (.40e) .. 80* 394 384 384 —4
4 4 Seaboard A L (r) 3 ** 4 ",
24 2 Seaboard A L pf (r) 12 2 2
274 20 Seaboard 011 (1)_ 7 24 224 224 -24
54 34 Seagrave (.15g)_ 1 34 34 34 —1
654 534 Sears Roebuck(3a). 65 60 56 574 —24
164 13 Servel Inc (1) - 18 144 134 134—4
'54 4 Sharp & Dohme_ 2 44 44 44
Prev 1038 Stock and Sales— Net
Hiah. Low Dividend Rate Add 00. High. Low. Close, ehca.
9% 6% Shattuck KG .10e . 8 7% 7 7% — %
27% 24% Sheaffer Penn (le). 20* 25 25 25 —1%
18% 13 Shell Un Oil (lg) .. 15 13% 12% 12% -1
9% 6% Silver King C.35e,. 2 7% 7% 7% - %
24% 17% Simmons Co 2.2ag._ 12 19% 18 18% — %
3% 2% Simms Petroleum.. 1 2% 2% 2%
34% 24% Skelly Oil (1.60g) . 6 26 25 25 -1%
82% 55 Sloss-Sheff (l.BOg). 40» 64 62 62 -2
16% 13% Socony-Vac .60 86 14% 13% 13% — %
3% 2% South Am G&r ,20g 11 2% 2% 2%
28 22 South Port R S (2). si 23% 23% 23% - %
24% 20% Southn Cal Ed l%a 5 21% 21 21 -%
22% 15 Southn Pt.eiflc _ 117 16 13% 14% —2
13% 9% Southn Railway ... 42 10% 9 9% -1%
21% 15% Southn Railway pf. 17 16 14% 14% —2%
3% 3 Spalding .. 3 3% 3 3 - %
4 2% Sparks Withington. 8 2% 2% 2%
21% 16% Sperry Corp 1.20g__ 36 20 18% 18% -1
39 30 Spicer pf A (3). 10s 32% 32V* 32V* -fl
11% 8% Spiegel. Inc (1) . 65 9% 9 9% -1
61 50 Spiegel. Inc pf (4H) 50s 58 56 56 -2
21% 16% Square DCo (,16e). 3 18% 18 18 -1%
9% 7% Stand Brands (.6(1). 158 7% 7% 7% — %
3% 2% Stand Com Toh _. 6 2% 2% 2% — V*
5% 3% Stand Gas & El (r). 6 3% 3% 3% - %
11% 6% Stand U&E pf (r) .. 8 7% 7% 7%-l%
22% 13% Std G&E *6 prnf(r). 1 17 17 19 -t 1
26% 16% Sul G&K 37 pr pf(r) 7 21 19 19 -2
33% 28% Stand Oil Calif (la) 20 30% 30 30%—%
35% 30% Stand Oil Ind (1) .. 31 31 30% 30%-%
54% 44% Stand Oil N J (la).. 48 51% 49 49% -2%
59% 54% Sterling Prod 3.80._ 3 58% 58 58 - 'a
11% 8% Stew-Warnert.50a). 7 9% 8% 8% — %
11% 7% Slone & Webster_ 25 8V* 7% 7% — •%
7% 4% Studebaker . .. 16 5% 5 5%
14% 11% Sunshine Alin 60e)_ 5 13% 12% 12%-%
29% 21 Supcrheater(.375e). 7 25 24% 24% —1%
3% 2% Superior Oil _ 5 2% 2% 2% — %
17-!* 13 Superior Steel 4 13% 13 13 — %
24% 17 Sutherland Pap 1.60 1 22% 22% 22% — %
18% 16% Swift & Co (1.20)... 9 16% 16% 16% - V*
27 22% Swift Inti (2) .. 5 23% 23% 23% - V*
10% 7% Symington ww 25e. 8 7% 6% 6% — %
8% 5% Symington iw .26*. 10 5'* 5% 5% — %
47 41 Talcott(J) pf 2.75.. 80s 38% 38% 38% -ltf
4 5% 4% Telautograph .60_ 2 4s* 4s* 4%
8 6% Tenn Corp .35*_ 2 6 6 6 — %
44% 37% Tex Corp (2) ... 63 41% 39% 40 -2
4% 3% Tex Gulf Prod I0g. 5 4 3% 3% — %
34 27 Tex Gulf Sul .50e .. 3 31% 31 31 -1%
10% 7% Tex Pac C&O (.40).. 7 8% 8% 8% - l
11% 8 . Tex Pac Ld Tr .20*. 7 9 8% 8% - %
24% 17% Tex & Pac P.R_ 3 18 17 17 -1
4% 3 Thermold _ 2 3% 3% 3% -r %
2 m 1*4 Third Ave _ 1 14 1*4 1*. - 4
15V, 10V, Thompson Prod . 3 11V, 11V. 1U. T 4
34 2', Thompson Starred. 2 2', 2', 2', t- 4
15', 134 Tide-Water Oil (1). 17 134 13 13 - 4
85 78 Tide-W A O pf 4 50. 2 SO*, 80*, 80',-',
13', It)', Timken-Det 1.50* - 7 11', 10*, 10*, — 4
48', 38 Timken Roil B .25e. 9 42*. 40 40 -2',
12*4 10 Transamerlca .75 .. 16 10', 10', 10', — ', i
7', 5', Transcontl Wn Air. 7 6 5*, 54 — *,
91, 6', Transue & Will .60* 1 7 7 7-1-4
4*, 3 Tri-Continent ,25g.. 52 3', 3', 3', + *, i
6*. 44 Truax-Traer (.80) __ 2 4*, 4*, 4*,— ',
21 19', LOtli Cent Fox ,50e 10 22*, 21', 21', — *.
31*4 264 20th Cen-Fox pf 1 Vi 1 28 28 28 — V,
6 3*4 Twin City Rap T . 2 3*, 3', .3*, — 4
41 36 Twin City pf (7g).. 60s 37 30 30 —7
10', 7*4 Twin Coach ,85g .. 2 8*, 74 74 — 4
59*, 47', Undwood-K-F (le). 3 51 50 50 —2',
12', 9'*, Un Bag&Pap .12V4* 27 9:, 9 9', — ■*,
80 67'. FnCarb (1.60e) 27 75*, 72 724 —3
21*, 18', Un Oil Of Cal (1.20) 13 20', 20 20', — ',
88', 70', Cn Pacific Cte) ... 7 71*. 68'.- 70 - ] 4
81 72 I n Pacific pf (4) . 1 76*, 76*, 76*, -r '»
23', 21*, I'n Tank Car (1.60) 1 21** 21*. 21*,-*,
27*, 20', Unit Aircraft (lg) _ 122 25*, 23', 23*, —1*.
8*4 6', Unit Air Lines _ 10 7*, 7', 7', — i,
49*, 39 Unit Carbon (4) 4 47 464 46*, — V,
3*4 2*4 UnitCorp'n (.20*).. 31 24 2s, 24 — *,
32', 26', Unit Corp'n pf (3).. 10 28*. 28V, 28V,
7*, 6 Unit Drug t.aOg)_ 17 6*» 54 5:, — v,
97, 7 United Dvewood . 2 7 7 7—4
6*4 4*, Unit Klectrlc Coal . 10 41, 4', 4', — '.
35 30', Unit Eng & Fy 50e. 1 30*, 30** 30*, - ',
65', 56V, United Fruit (3) .. 2 61*, 614 614 -r 4
11** 9’* Unit Gas Imp (1) 18 10 94 94 — 4
106 100 Unit Gas Imppf (5) 2 100', 100', 1004 — ',
54 44 Unit Paperbd ,30g 2 44 44 4** — '*
74 54 U S Distributing pf 60s 6** /V, 6*. -r 4
84 54 U S 6-Foreign Sec .. 11 64 64 64 — 4
10 8 U S Freight _ 1 84 84 84 — 4
72 57 US Gypsum (2)_ 32 61 62 624 -24
234 174 U S Indus Alcohol.. 5 174 17 17 —1
64 5 U S Leather _ 11 5 5 5 — 4
104 74 U S Leather (A)_ 10 S'* 74 74 — 4
32 26 U S Pipe* Fy (2).. 15 274 26 264 -14
64 44 U S Realty & Imp.. 14 44 44 44 — 4
354 224 US Rubber . 290 3.3 30 304 -34
80V, 454 U S Rubber 1 st pf . 98 794 74 764 —34
71 574 U S Smelt & R (le) 9 70 67 67 -3
624 494 US Steel .. 250 534 50', 504 - 34
1144 1034 U S Steel pf (7) 3 1044 1034 103',
34** 32 U S Tobacco (new). 3 324 314 314-14!
5 44 Unit Stockvds (.50) 2 44 44 4*,
24 14 Unit-Stores (A) 7 1T, 1*, 14
54 34 Univ Pictures lstpf 2tJs 394 394 394 — 4
14 *4 Util Pwr&Lt tr).. 1 4 ** *4-**
14 4 Vadsco Sales _ 9 », 4 4
204 15 Vanadium (lg)_ 13 17*, 164 164 —14
54 3*, Va-Caro Chemical . 6 44 4 4 — v*
324 224 Va-Caro Ch pf 1.50g 6 25 24', 244 -14
4', 3 Va Iron Coal & Coke 10s 24 24 24 —4
15*. 10 Va Ir Coal&Coke pf 20s 104 104 10*,— V,
20% 18% Walgreen (2) _ 14 19% 18% 19 — %
44% 39 Walker (H) (4)_ 4 38 37 37 -2
8% 6% Walworth Co (lg)_. 29 7% 6% 7 — %
16% 9% Ward Baking (A)__ 2 12% 12% 12% - %
3% 2% Ward Baking <B)_ 7 2% 2% 2% — %
7% 5 Warner Bros Plct 27 5% 5 5 — %
40 35 Warner Bros Pic pf 20s 35 34% 34% -3%
4% 2% Warren Bros (r) . J4 3 2% 2% — %
24% 16% Warren Fy & P (2). 1 21% 21% 21% —1%
17% 12% Waukesha Mot (1) 3 14% 13% 13% - %
29% 23% Wayne Pump 12) x 2 24% 24% 24% — %
3 2% Webster Eisenlohr 1 2% 2% 2%
35% 27 Wesson O&S 1.25e . 2 33 33 33
97% 84 West Penn El pf(S) 20s 85% 85 85 -2
102% 91 West Hbnn El pf <7 > 20s 94% 94% 94%
19 14% Westn Aut Sup 1.60 2 16% 16% 16% - %
4% 3% Westn Maryland __ 2 3% 3% 3%
3% 2 Westn Pacific pf 9 2% 2 2 — %
28% 23 Westn Union Teleg 23 23% 21% 22% -1%
27% 20% Westhse Air Br (1). 15 23% 22% 22% — %
109% 87% Westhse El&M lie) 50 93% 88% 89% -4%
140 132 Westhse E&M pf le 10s 134% 134% 134%- %
27% 19% Wheeling Steel_ 7 21% 20% 20% -1%
13% 8% White Motor _ 17 9% 8% 8% - %
3 1% White Sew Mach... 2 1% 1% 1% - %
21% 13% White Sewing M pf. 4 14% 74 14 - %
2% 2% Wilcox Oil & Gas .. 5 2% 2% 2% - %
6% 4% W'illis-Over pf .60_ 2 5% 5% 5%
5% 4% Wilson* Co — 2 4% 4% 4%
60% 45 Wilson & Co pf (6). 2 45 43% 43% -1%
19% 13 Woodward Iron_ 8 15% 14% 14% —1%
43% 36 Woolworth (2.40)._ 11 42 41 41 -1%
20 14% Worthington Pump. 6 17% 16 17% —1%
35% 30 Worth P pr pf 4.50.. 3 32% 32 32 -%
46 35 Worth P cvpf 4.50.. 1 39% 39% 39% -2
94 65 WTrlght Aero <2g)— 30s 76 75% 75Vi03%
69 62 Wrigley (3a).. .— 1 69 69 69
28 20% Yale* Towne .60a.. 3 26% 26% 26%
15% 8% Yellow Truck .. 16i 14% 13% 13%-%
93 80 Yellow Tuck pf (7). 100s 88 87 87 + %
18% 13% Young Sprg&Wire.. 2 15 14% 14% — %
43% 31% Ygstwn Sheet & T.. 36 36% 33% 35% -2%
22% 15 Ygstwn Stl Dr .25*. 4 15% 15V* 15% —1
17% 12 Zenith Radio_ 17 14% 13% 13% -1%
5% 2% Zonlte Products- 3 4% 4% 4% — %
Approximate Sales ot Stocks on the N. Y. Stock Exchange.
11:00 A.M_220,000 12:00 Noon_ 400.000
1:00 P.M. . 770,000 2:00 P.M .830,000
Total Sales for the day, 1,020,000
(Actual sales: unit ot trading 10 shares,
x Ex dividend xr Ex rights a Also extra or extras, b 1-10
share of S2 preference stock d 1-26 share of $3 preference
stock, e Declared or paid so tar this year f Payable in stock,
g Paid last year, h Cash or stock, k Accumulated dividend paid
or declared this year
rln bankruptcy or receivership or being reorganized ander
Bankruptcy Act. or securities assumed by such companies.
Rates of dividends in the foregoing table are annual dll
bursements based on the last quarterly or semi-annual declara
tion Unless otherwise noted apeclal or extra dividends are not
included
Sales Expected to Show
Further Spectacular
Climb for 1938.
By J. G. DONLEY.
Special Dispatch to The Star.
NEW YORK, March 16.—Just about
every food-canning concern in the
country is looking with hungry eyes
at the fattening frosted food business.
And the new season will see a lot of
canners cutting a slice of it.
Seven years ago, when the commer
cialization of quick-frozen foods began
and the industry was an Infant on
uncertain feet, the canners got a laugh
out of the idea. They said that the
high cost of distribution, with refriger
ated freight cars kept at zero tempera
ture, refrigerated trucks held to the
same low limits and special refriger
ated ea^ee in every store wenld eat wo
the infant industry before it could be
weaned from “red ink."
But General Foods went ahead with
its costly missionary work for “Bird's
eye,” and two or three years ago along
came "Honor brand,” which is now
second in the running. There are now
at least 50 companies busily engaged
in the frosted foods Industry, in the
packing end, and brand names are be
ginning to multiply.
Big Jump Recorded.
The total retail volume in frosted
foodsr*last year exceeded $13,000,000.
The 1937 increase over the year before
was 60 per cent; the 1936 increase
over the preceding year was 50 per
cent; in 1935 the gain was 47 per cent,
and the rate of growth in 1934 was 67
per cent. The indications are that any
previous rate of expansion will be put
in the shade this year, for the "Bird’s
eye” managers have recently an
nounced that they are out to increase
the number of their retail outlets by 50
per cent. That means that in one year
they will add distribution equal to half
the total number of outlets they have
acquired in seven years.
Plans for “Honor brand,” the writer
is told by Advertising Manager I. Sa
ger, call for doubling of all previous
sales records. And that will mean the
doubling of advertising expenditures, a
considerably greater weight on the
hatlm^l advertising bndtet and geccy
effort to double the number of stores
selling the brand. The concern has
just opened four new distributing agen
cies in Texas and is concentrating on
retail distribution in that State and
Louisiana.
Stokely Enters Field.
The packers of "Honor brand” have
recently arranged a working agreement
with Stokely Bros, of Indianapolis,
lid., under which the latter has made
a financial investment in the combined
enterprise so far as it affects frosted
foods. The Indianapolis concern packs
under the "Van Camp” brand and
others in the canned food field. Its
canning business will go on as before,
but factories and vegetable-growing
acreage will be available for quick
freezing output. The point is that
Stokely’s venture into frosted food
packing will in r.o way conflict with
its canning business, while the new ar
rangement will permit both companies
to expand.
(Copyright. 1938.)
Industrial Rayon Corp.—Directors
voted to omit dividend on common
stock. On January 3. 1938, 35 cents
was paid and in 1937 50 cents was
paid January 3, April 1, July 1 and
October 1. Salaries were reduced,
ranging from 5 to 30 per cent, effective
jV'«di 18. f
\ »
Leading Industrial and Rail
Issues Are Down 1 to
About 5 Points.
Stock Averages
. 30 15 is 55
Indust. Rails. Util. 8tk*.
Net change —2.2—1.0 —.5—1.5
Today, noon 61.8 16.6 29.9 *2.3
Prev. day___ 64.0 17.6 30.4 43 8
Month ago 62.9 18.9 30.5 43.6
Year ago... 98.7 49.5 48.2 73.7
1938 high... 68.2 21.6 34.9 47.9
1938 low_ 59.2 16.8 29.8 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_ 51.6 95.3 61.8 61.8
(Complied by the Associated Press.)
By VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK, March 16.—A fall ir
European markets reverberated in Wal
Street today and stocks crumbled
under the heaviest selling in weeks.
While financial centers tenselj
watched the consequences of the Naz
Austrian stroke and the weakening o'.
the Loyalist forces in Spain, capita
scurried for safety into the dollar and
out of securities.
Leading industrial and rail share)
dropped 1 to about 5 points befori
the market dug in for a minor rally
In late dealings, however, prices agair
began to sag. Transfers increased t»
around a million shares, the larges
since the February advance "topped
off" late in the month.
Grains and other speculative com
modifies, unlike stocks, seemed t)
benefit from the European war scan
and wheat futures at Chicago finished
l-’s to 1 % cents a bushel highei
Corn was up 7g to 1 cent.
Steel, copper, chemical, farm imple
ment and other industrial share)
which had rallied in the precedinj
session quickly yielded all or part oi
the gains and some came close to thi
1938 lows.
Leading the retreat were Unitec
States Steel. Bethlehem Steel. Inter
national Nickel, Anaconda, Interna
tional Harvester, du Pont. Westing
house, Standard Oil of New Jersey
Montgomery Ward. Sears Roebuck
American Smelting and Eastman Ko
dak.
Rail shares on the average droppec
to new lows since 1933. Holders ap
parently got little inspiration from th«
White House conference on earriei
problems. Santa Pe. Southern Pacific
Great Northern preferred. New Yorl
Central and Northern Pacific were of!
1 to about 3 at one time.
A continued flow of foreign fund.1
into the dollar was marked by a wid«
decline in Holland guilders. Varioui
rumors of European developments, in
cluding a Wall Street report French
troops were mobilizing, kept specula
tive markets nervous.
CHICAGO GRAIN
By th* Associated Press.
CHICAGO. March 16.—Nervousnes;
over tense European political condi
tions hoisted wheat 2% cent* a bushe
net maximum today, up more than 1
cents from the day’s low.
Warlike prospects abroad resulted tr
flurried active buying at times. Expor
purchases of United States wheat weri
estimated at a million bushels or more
Proflt-taking on the part of holder* o!
wheat futures, however, led to fail
reactions from the top price levels.
At the close, Chicago wheat fu
tures were 1sr-1% above yesterdav'i
finish. May. 877„-88: July, 84%-85
com. % to 1 cent up. May 59-59%
July. 607g-61, and oats, %-*•• ad
vanced.
WHEAT— Ojx>n Hish Loir cio»e
Mar .. . >5% ,s«3. .a53, sfB
J«iy - .«■:% .85% ,s-;% ;§4i)
CORN— ’
Mav _.AT7* An** .AT7* AQ
'<iulv -.An7* ,*i !ap7*
^ OATS—-''iP'4 ‘9
May __ .CO* 2 30*4 «qu «*aj>
July .29 C9% "8% -32/
Sem .'29 .20% is’! Sou
SOY BEANS—
V1!5' PT% -»« .97% .98
&•' :::::: —- -ggJJ
RYE— ■’*
May - .fir .fip', 8* nu
July --fi-v, .fis% :«*%
_ «l*4
LARD— •***
March g **
j«*r : III S:?S in m
SeDBtELLrES_ H1T 9 35 9 17 9 3?
May _ ii u
July ill*
Chicago Cash Market.
Wheat. No. 3 red. touch, 88; com
No. 3 mixed, 56a57: No. 3 yellow,
55%-56%; No. 3 white. 57-58: oat*
No. 3 mixed, 31; No 1 white, 33%-% ;
barley feed. 48-60, nominal, malting,
68-90, nominal; timothy seed. 3.50
3.00; red clover, 32.00-37.00; *weet
clover, 10.00-50.
Winnipeg Prices.
WINNIPEG. March 16 >P>.—Grain rant*
today;
Prev
WHEAT— High. Low C!os» eloje
May i in’, 1.16', 1 lpt, l.ltv
July 1.11 1.01', l.]fl’, 1.0S3>
Oct ... .9.6’, .90'j ,p,1>3 ,P1
OATS—■
May ..46’, ,454s .4«H .45%
Baltimore Quotations.
BALTIMORE March 16 i.Pv —Wheat
No. 2 red. winter, garlicky, apot. domestic.
941,: March. 94'3.
NEWYORKCOTTON
NEW YORK. March IS UP).—Un
settled European conditions and weak
ness in the stock market caused cot
ton to decline from early advances
today. Pressure was light, however
and trading dull, with the general In
clination to await developments.
May eased from 9.00 to 8.92 and in
midafternoon was se’ling at 8.94, when
the list was 2 points net higher to 3
lower.
New Orleans Price*.
NEW ORLEANS. March 16 —
Cotton futures opened 7 to 8 points net
higher in response to favorable for
eign markets, trade buying and cover
ing.
Further stimulant to buying wm a
proposal in Washington by Senator
Smith to amend the farm measure and
allow immediate payment of cotton
price adjustments. March opened at
9.10 bid; May. 9.13; July at 9.20; Oc
tober at 9.27; December. 9.29. and Jan
uary, 9.31. Towards the end of the
first half hour active positiona were
2 to 7 points above the previous close.

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