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Evening star. [volume] (Washington, D.C.) 1854-1972, March 28, 1938, Image 15

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-03-28/ed-1/seq-15/

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Gains Predominate in All
Sections, but Some
Specialties Ease.
By the Associated Press.
NEW YORK, March 28.—Prices on
the curb market stiffened up toward
the end today, with gains predominat
ing all down the list. Some specialties,
however, were hard hit.
Fractional gamers included Alumi
num Co, American Cyanamid '‘B."
Arkansas Natural Gas "A." Cities
Service, Columbia Oil <fc Gasoline,
Consolidated Copper Mines, Creole
Petroleum, Gulf Oil. Lake Shore Mines,
Niagara Hudson, Pioneer Gold and St.
Regis Paper Carrier Corp. was up
around a point.
On the losing side, Draper Corp., was
down around 8 points, Safety Car
Heating & Lighting around 5. Great
Atlantic <fo Pacific non-voting around
4 and Quaker Oats around 3 points.
CURB BONDS
DOMESTIC BONDS,
High. Low Noon.
Ala Power 4*28 67 10% 70% 70V,
Ala Power os 46 A 111 (11 91
Alum Co ltd 6s 48 196% 106% 106%
Am O A E os 202S 107% 107% 107%
Am P A- L 6s 2016 114% 64% 64%
Am Radial 4%s 47. 105% lor>% 105%
Ark P A- L 5s 56 (to 89% 89%
As El Ind 4%s 55 54 54 54
As G A E os 5(1 26 25% 25%
As O A E 5S 68 25% 25% 25V,
As G A E 5%s I c 81% si% 81%
As TAT 5%s 55 A 67% 66% 66%
Atlan City El 3%s 64 9s% 98% 98%
Baidu Loco 6s 50 6! % 00% 01%
Bell Tel C os 55 A .112 11 2 11 2
Bell Tel C os 57 R nil 119 119
Bell Tel C os 60 C . 122 122 122
Can Pac 6s 42 loo', 100% 100%
Cen UPS 4%s 67 F 88 88 88
Cent Pw A Lt 5s 56 85% 85% 85%
Cent St El 5s 48 2s% 28 98
Cent S’. El 5%s 64 29 28 28%
Cen St PAL 5%s 55 55 54 54
Chi MAIll 4%s 50 A 90 90 90
Cities Svc os 5o ls% 47% 48
Cities Svc 5s 58 4 8 47% 47%
Cities S Gas 5%s 42 45 1 1% 44%
Cit S PAL 5%s 49 46 44% 41’,
Com Pb Sv 5s 60 A 96% 96', 96%
Cons G U 6s 45 A st. . do 60 do
Cont GAE 5s 58 A 7 1 ' 7 1 71
Crucible SU 5s 40 lol % 101 % 10! %
Cudahy Pky 3%s 05 92', 92% 92%
Denver GAE 6s 49 109 109 109
Detroit. C G 6s 47 A . I on 100 100
East G A F 4s 56 A 69', 68% 09',
Edis El Illu 5%s 415 . Jo7% 107% li»7%
E1 Pw A Lt os 205(1 . 61', 01% 01%
Emp OAR 5%s 42 7 7 7 7 7 7
Firest Tire 5s 42 104% 104% 104%
Florida PAL 5s 54 . 79 79 79
Gatineau Pw 5s 50 . _ . 1 02% 1 02 % 102%
Gatineau Pw tis 41 . 101 lol 101
Gen Pub Ut 6%s 56 . 66 65% 66
Georgia Pw 5s 67 ... 81', 80', 80%
Glen Alden Cl 4s 65. 65 64% 64% '
111 North Util 5s 57_ 107% 107% 107%
Ul Pwr A Lt 6S 55 A . 89% 89% 89%
fll Pw A L 5s 56 C. 814a 81 81
Indian E C 5s 51 C . 69% 08% 08V,
Inti P Sec 0%s 55 C . 50V, 50% 50%
Inti Pw Sec 7s 52 F 55 52 55
Inti Salt 5s 51 101% 107% 107%
Interst Pw 5s 57 57 57 57
Interst Pw tis 52 .. 20% 20 2o
Interst P S 4%s 58 F 02 01 02
Is-N LAP 5s 57 A »4 94 94
Iowa Pub Sv 5s 57. loo loo loll
Ital Su Pw Os 05 A 4 1 41 41
Jackson G 5s 42 stp .. . 34 33 54
Kan Pwr 5s 47 A 98% 98% 98%
Lrhish P S os 2026 A 9o% 9n% 90%
Libby McN A L 5s 42 105% 103% 103',
La Pw A Lt, 5s 57 102 102 102
Memph PAL 5s 48 A 1 5 7 5 7 5
Midlan VRR 5s 45 53 55 53 •
Mil GAE 4%s 67 93 93 93
Minn PAL 4%s 78 87'. 86 87 %
Nat P A L os 2030 B . 62% 62% 62%
Neb Pwr 6s 2022 A 1 14’, 1 1 4% 11 4%
Nevad Cal El 5s 56 II 7 0% 7o%
New E GAE os 41 . 44 4 4 4 1
New E GAE 5s 50 40 40 40
New Or 5s 42 stpd 89% 89% 89%
New Ot PS 6s 49 A 66 oo 60
NY P A Lt. 4%s 61 106% 106', 106%
N Y S EAG 4%s 80 90% 90% 90%
No Con U 5%S 48 A 36 30 36
No Ind PS 5s 66 C 90% 96% 90%
Okla Nat Gas os 40 85% 85% 85s,
Penn C P A L 5s 79 78 78 78
Penn P Svc 6s 4 7 C . loo loo loo
Penn W A P os 40 _ 106% loo', !od%
Phil# El P 5%s 72. _ I 12% 1 12% 1 12%
Pub Ser N J 6s ctls - 135% 134', 134%
Pub S No 111 5s 60 C 105% 105% 105%
Pile Sd P A L 5%s lit. 03% 03% 63%
San An P A S 5s ;s B 104% 104% 104%
Schulte Real E 6s 51 25% 25% 257,
Scullin Steel 3s 51 4o 40 40
Shw W A P 4%s 07 A lol 101 % lol %
S E P A L tis 2025 A 83 83 83
Sou Cal Ed 3%s 45 105% 105% 105%
Std C.asAEl 6s 66 B. . 40 40 40
Stand PwALt 6s 57 .. . 40 40 40
Tenn El Pw 5s 56. 73 13 7 3
T»nn Pub S 5s 70. . . 65 65 65
Tex PAL 5s 56 .. . 95 95 95
Unit LtA-Pw 5%s 511 98% 98% 98%
Unit LtAPw 6s 75 .. 60% oo oo
Unit LAR D 5‘as 52 . 69% 69 69
Utah PAL 6s 2022 A . 65 65 65
Va Pub Per 5s So B .. 79 79 19
Wald Ast Hot os 54 10 15% 15%
West T Ut 5s 57 A __ !s% 78 7 8%
WiS-Min LAP 5s 44 106 105', 105%
Wis PAL 4s 66.. 88% 88% 88%
Coi Ayr M B Is 40 23% 23% 23%
Com Prv B 5%s 37 97'a 97' a 97%
Danish Con 5s 53 . 99% 99% 99%
Fin R M B 5s Rlst 102% 102% 102%
Isarco Hyd El 7s 52. . 55% 55% 55%
Medelin Col 7s 51 .. 7% 7% 1%
Mendoz P 4s 51 stp _ . 7’.’ 72 72
Nippon E P 6%s 53 62 62 62
Stmn iH> 4s 46 2d st._ 45 45 45
ww—With warrants, xw—Without war
flints. n—New. st istpi — Stamped.
INeaotiability impaired by maturity.
tCompanies reported in receivership.
_-_
FEDERAL LAND BANKS
NEW YORK. March 28 —Federal
Land Bank bends:
Rate—Maturity. Bid. Asked.
41 4s Nov.. 1958-38 1<>27* ]u:i>4
4s May. 1958-38 HiiP4 1011«
4s July. 194*1-44 . 110* > 1 107*
3’4s May. 1955-4 5 . in:*1* 303**
3s July. 1955-45 KHU im*8
3s Jan.. 1959- ♦H . iop4 1 n i%
8s May. 1953-48 * 1(»1*4 i<u5„
SHORT-TERM SECURITIES:
(Reported by Smith. Barney A- Co '
_ . Bid. Offer.
Am. Tel. & Tel. .Vis 104:', l to 11.3%
Auburn Auto Co. 4%s 1030 16', 36
Austin & Northwest. 5s 1041 M
Baldn. Locom. W 5s 1940 98% 99%
California Packing Bs 1040 103% 103%
Sentral Foundry Os 1041 Oil
hes. & Ohio Ry. 5s 1030. 103% 164%
Container Corp. 5s 1943 84% SO
Cuba Northern R. 5%s 1042 31% 3::%
Dela. A: Hudson 4s 1043 38 38%
Edison El. Illu. 4s 1930 102% lot
Oen. Pub. Service 5%s 1030 95%
Gr. Ran. A Ind 4%s 1941. 100
Houston Oil 5%s 104(1 .... 00% 100
Illinois Steel 4%s 1040 100% 107%
Inti Mer. Marine Os 194 1 38
Inti. Tel. & Tel. 4%s 1030 79% 80
Laclede Gas Light 5s 1930 85%
Irfke Erie & West 5s 1941 811
Leh. Val. Ter. Ry 5s 1041 30 59%
Louisville & Nash. 4s 1040 100% 101%
Michigan Central 4s 1040 07%
Midland R. R. N. J. 5s 1040 15% 15%
Milw. & Northern 4%s 1030 51 75
N. Y. Tel. Co. 4%s 1030 105% 105%
Pennsylvania Co. 3%* 1941 102% 10.3
Penn-Dixie Cement Os 1941 80 83
Penna R, C. 4s 1043 inn
Phtla . Balt, A; W. 4s 1043 108% ]no
Rio Gr. Western 4s 1030 34% 35
Ter. R. As. St. L. 4 %s 1930 104%
Texas & N Orleans 5s 1043 80
Vanadium Corp. 5s 1041 70 80
Warner Bros. Os 1030 04 65
west N. Y. & Pa. 4s 1043 _ 105
White Sewing Mach. Os 1040 02 100%
NEW YORK LIVE STOCK.
NEW YORK. March 28 (IP\ (United
States Department of Agriculture).—Cat
tle. 1.890. Including 1,040 direct. Steers
25 or more higher than last Monday;
merely good 1.190 pounds. 9.00; mixed
medium and good. 1.170 pounds. 8.05.
Bulls steady: extreme top. weighty sau
sage, 7.00: bulk sales 5.00-6.75; few low
cutter down to 4.50. Cows about steady
with Friday, low cutter and cutter. 4.00
8.25, few below; common and medium fat.
8.50-6.25.
Vealers and calves. 3.090. including 2 -
850 direct. Vealers steady to strong: top.
plain and medium. 12.50 sparingly, mostly
12.00 down: medium to good. 138-pound
Southerns. 10.00: cull and common light
weights. 4.00-7.00; some plain around
8.00.
Sheep and lambs. 11.040. Including 11,
410 direct. Sheep nominal. Lambs steady
with early last week: merely good to
ehoice 76-80-pound wools. 9.25: few
merely good 73-pound springs. 10.00: clip
pers. 8.00: common throwouts. 5.50.
Hogs. 8.220. including 8,150 direct.
Market 5 lower: 180 pounds. 9.05: 440
pound packing aows. 7.25.
NEW YORK SUGAR.
NEW YORK. March 28 (IP.—8ugar fu
tures were irregular today. The No. 4
contract declined slightly under commission
house liquidation, while the No. 3 held
ateady on further trade buying.
September No. 4, after selling at 1.03%,
was ruling around 1.04 near the beginning
Bf the last hour, when the list was about
W to 1 point net lower. The No. 3 was
, 4 — * ■ ■' -
STEEL QUOTATIONS.
■ NEW YORK, March 28 (IP.—Bteel prices,
per 100 pounds, f.o.b. Pittsburgh: Blue
annealed sheets, hot rolled. 2 40: gal
vanized sheets.. S.80: -black sheets, hot
JBlled, 3.15: steel bars. 2.45.
NEW YORK CURB MARKET
(By print* wire direct to Tbe SUr.)
Stork snd 8*le*—
Dividend Kate Add 00. Hlch L>ow Close.
Aero Supply tB) 8 3 2*i 3
Agfa Anaco ... 100* 23'4 23 23
Ainsworth Mfg.. 2 S'* 5'4 5V*
Air Devices_ 2 Vi Vi V*
Air Invest _ 7 1 1 1
Air Inv war_ 5 Vi Vi >4
Air Inv cv pf- 1 12V* 12'* 12V4
Alum Co Am_ 650* 64 62 *64
Alum Ltd . 50s 75 75 75
Alum Ltd pf (6). 100s 96 96 96
Am Airlines _ 3 9 8% 9
Am Book lie) . _. 10* 46 46 46
Am Centrifugal.. 4 2'4 2'fi 2H
AmCitP&L<B). 11 it* 1%, lv*
Am Cyn B 60 _ 23 18'* 17'* 17H
Am&FgnPwar. 1 % % v*
Am Gas&El 1.40.. 17 201* 19"« 19*4
Am Lt & Tr .60e_. 2 lOVi 10'i 10V4
Am Meter!.30ei . 3 17Vt 16»4 17Vi
Am Pot&Ch 3.50g 50s 31 31 31
Am Republic 40g 9 5% b% 5%
Am Sup Power ... 79 ft v, n.
Am Sup Pw pf_ 1 9H 9'a 91*
Anch Post F . i 3 1'* 1', R*
Angostura!.lfle) 9 3'* 3S 3'*
Apex Elec ... 3 9 8«« 8%
Ark Nat Gas _ 4 2k* 2'4 211*
Ark Nat Gas A .. 28 24* 2V* 2V»
Ark Nat Gas pf2 5 4S 5
Art Metal W .80.. 1 5'i 5'.* 5'-i
AshldO&R 40... 10 3", 31* 34
As G & El A _ 21 T* *4 *4
As G & El pf ... 7 4«* 4 4V»
Ail Coast Fish ... * 2V 2% 24*
Atlas Corp war . 1 ’* m, r*
Atlas Plyw’d 25s 2 7'* 7'* 7v*
Automat Prod 5 U* 1 IV*
Auto Vot Mch .50 6 7"* 7V4 7V
Avery & Sons 2 4'* 4 4H
Aviation & Trans 6 1'4 Pi IV*
Axton Fish A . 60s 14'* 14'* 14V*
Baldwin Lo war 10 2\ 2v* 214
Bald Loco pf 2.10 350s 13', 12'* 13V*
Baldwin Rubber. 4 6 6 6
Bardstown IMs 1111
Barium Stain Stl. 3 H* 1 '4 m
Bath 1 W (6<T<,f)- 15 5'< 41, 5
Beech Aire _ 7 m 1'« lVi
Bcllanca Air _ 6 2"* 2t* 2V*
Bell Aire .. 1 10 10 10
Bell Tel Can (8) 20s 157 156 156
Brnsn&Hpf 2.50g 100s 18', 18'4 18>4
Berk&Gay Furn 7 ** S
Berk&Gay war .. 32 ’» 'i 'i
Birdsb S F 1.25g- 1 67* 67* 67*
Bliss tEVVi .. 8 5*4 5'* 5',
Bliss* Baugh 25s 141* 14'* 141*
Blue Ridge 2 1 1 1
Blumenthal (S) 4 4'* 4'i 4'*
Boliack HC 1st pf 10s 10', 10', lOVfc
Bourjois. Inc . 2 3V, 3'.< 3V»
BrazT&E.oOe_ 1 8V* 8t* 8Vj
Brill A _ 1 2's 2'« 2*»
Brill B 4 1 t* 7*
Brillo Mfg (.80) . 2 7>4 7'* 7V4
Brown F&W i .60) 1 6V* 6', 6',
Brown F Dist 4 2'* IT* 2V*
Buckeye P 1, .75e 50.s 36'* 36', 361*
B N & II P pf 1.60 4 19*4 19', 19'*
Bunker Hill &S . 5 12 11** 111*
Can Marc Wire .12 1 1 1
Carib Syn . .. 20 1 1 1
Carman B . '_ 1 3'1 3't 3V*
Carnegie Met_ 2 \ U tt
Carrier Corp _' 19 21', 20"* 21V*
Carter(JW ,15e . 15 5 5
Catalin Am 17 2'4 2'4 2**
Celanese 1st 17a) 50s 63"* 6.3** 63**
Cen H G&E (.80) 1 107* 107* 107*
Cen NY Pwr pf 5 30s 80 80 80
Cent Ohio St 2oe 16 6 6
Cent & Sw L't . 2 1 1 1
Cen St El 63 '., ', V*
Cen St El 6 Co pf _. 50s 4'* 37* 3!*
Cen St El 7 74 pf. 25s 9 9 9
centrir ripe 40 . 3 34 34 34
Churls Corp ,25e. 2 54 54 54
Ohesebro(4a) _ 100s 103 102 102
Chi Flex Shft(4) 100s 50 49 49
Chi Rivet .15e_ 1 64 64 64
Chief Cons.. l t, Si A
Childs pf _ 50s 24 224 24
Cities Service_ 189 14' 1 l
CltServpf __ 2 264 26 26
Cities Svc pf B... 12 2 2
City Auto Stpg._ 7 44 4 44
Claude Neon Lt_ 7 14 14 14
Cleve Tract _ 1 34 34 34
ClubAl Uten _ 2 14 14 14
Colon Develop - 4 24 2 24
Colon Devi cv pf. 6 34 34 34
Col Fuel&Jr war. 7 34 34 3H
Colum Oil & Gas. 36 34 24 3
Comwlth & So wr 46 4 4 4
Comw Pub Sv le. 50s 20 20 20
Com Wat Svc . 2 A Hi A
CompoSh vtc(l). 1 114 114 114
Con Biscuit lOe . 1 34 34 34
Con Cop M 12 4e. 35 4 34 34
Con G&E<B)3.60 . 2 594 594: 594
Cons Gas Util .. 2 \k U +A
Cons Steel Corp.. 6 3 24 24
Cont Roll & Stl_ 2 44 44 44
Cooper Bess 4 5 44 44
Coop-Bess pr pf.. 1 144 144 144
Copper Range_ 1 44 44 44
Corroon & Rey_ 1 14 14 14
Cosden Petro _ 5 14 1 1
Creole Pete 50a . 17 204 194 194
Crocker Wheeler. 17 44 34 34
Croft Brewing 4 4 4 4
Crwn CrklntA(l) 2 84 84 84
Crown Drug . 9 14 1 14
Cuneo Press (2). 1 264 264 264
Cusi Mex . _ 30 4 4*
Darby Pet .25e . 2 7 7 7
Dejay Stores .40. 1 44 44 44
Det Gray Ir .04a.. 2 14 14 14
Det Mich Stove_ 12 2 2
Det Paper Prod_ 3 24 24 24
Det Steel Prod1 144 144 144
Dlvco Tw C .40... 1 24 24 24
Dorn St & Coal .. 4 104 94 104
Draper Cp 3.50e . 20s 50 494 494
Driver-H 1.87 4 s 1 114 114 114
Dubllier Conden 2 14 14 14
Duro Test ,4U .. 2 44 44 44
Ragle Pit Ed ,10e 16 84 74 74
East Gas & F_ 10 24 24 24
EastStaCorp .... 2 14 14 IV*
Kstn States pf A. 50s 15 144 15
East States B pf. 175s 15 14 15
Easy Wash MB.. 7 34 3 34
Kdis Br Stra (1)_. 4 104 104 104
Eisler Electric_ 3 (4 4 4
El Bond & Sh .... 104 54 54 54
El B&S pf (6)_ 1 434 434 434
Kl I’ow Asso_ 6 24 24 24
El P & E war_ 1 24 24 24
Elect Share_ 3 14 14 14
Electrolyte_ 1 14 14 14
Emsco D&Eq(l). 2 8 74 74
Equity Corp_ 8 ft 4 H
Evans Wallo ... 13 4 4 V*
Ex-Cell-O (.20e)_ * 4 94 9 94
Fairchild Av_ 9 2% 2 2%
KalstafE Brew_.. 1 6% 6% 6%
Fedders Mfg _ 5 5 4% 4%
Ferro Enamel2 16 16 16
Fire As Phlla 2a. 10s 45 45 45
Fisk Rubber 2 6% 4% 5%
Fisk R pf (6) 25s 52 52 52
F1 P&L *7 pf 88k 50s 26 26 26
Ford M Can A < 1) 4 15% 15 15%
Ford M Ltd .213g 5 4% 4% 4%
Gen Alloys .. 6 1% 1% 1%
Gen El Ltd 643g_ l 17 17 17
Gen Firepr ,20e _ 3 10% 10 10
Gen T&R Apf(6) 60s 80 80 80
Gilbert (AC) .. 1 5 5 5
Glen Alden .125e 6 5% 5 5%
Godchaux (A) 2e 100s 30 30 30
Goldfield Con 7 % % %
Gorham vtc 1.25e 2 15 13% 13%
Grand Nat Films 18 % ft %
Gray Tel P S < 1). 1 3% 3% 3%
Great A&P nv le. 25s 40 40 40
Gt A&P lstpf(7) 25s 121 121 121
Green Tap & D... 1 4% 4% 4%
Gulf Oil (.26*)... 12 36% 36% 35%
Hall Lamp_ 6 2 1% 2
Hartf Rayon vtc. 2 1% L% 1%
Hartman Tob_ 1 % % %
Harvard Brew_ 5 % % %
Hazel tine <3_ 2 14 13% 14
Hecla Mtning.lOe 6 7% 7% 7%
Hollinger .65a . l 12 12 12
Humb Oil 37 %e. 7 59 58% 69
Huyler’s (Del) 2 % % %
Huyl (Del) pf st. 50s 4% 4% 4%
Hygrade Food... 3 1% 1% 1%
111 Iowa Pow- 3 2% 2% 2%
111 Iowa Pow pf.. l 13% 13% 13%
111 Iowa P dlv ct.. 1 3% 3% 3%
Imp Oil Can 60a 6 17 16% 16%
Im Tb Gr Br ,8R8e 1 32% 32% 32%
Ind Pipe L ,30e .. 2 6% 6% 6%
Ins C N Am (2a) 100s 50 50 50
Int Hyd Elec pf . 5 9% 9% 9%
Inti Pa&Pw war. 19 1% it* 114
Inti Pet (l%a)— 10 25% 25% 25%
Int Prod- 1 2% 2% 2%
Int Radio--— 3 5% 5% 6%
Int Util B _ 3 % £ %
Inti Utilities pf.. 18 8 8
Inti Vitam 50 . 8 2% 2% 2%
Interst H Ed .44. 5 3% 3% 3%
Inv Royal 06 51 £ £ i
Iron Fire vtc 1.20 150s 14 13% 14
Jacobs Co ... 6 4% 4% 4%
Jonas & Naum .. I 1% 1% 1%
Jones & l,au Stl 4 24% 24% 24%
Ken Rad T 1.50g 250s 7 6% 6%
Kennedys 30e . 1 4% 4% 4%
KgsCLtd pfB(7)_ 10s 29 29 29
Kingston Prod .. 4 1% 1% 1%
Kreuger Brew . 2 6% 6% 6%
Stork and Sales—
Dividend Rate. Add 00 Hltb Low Close
Lake Shore M( 4) R 49% 48% 48%
.Lakey Fdy AM 4 1% 1% 1%
Lefcourt Real pf. 2 13 12% 13
Leh C & Nav .30.. 2 4% 4 4
Leonard Oil_ R % % %
Lion Oil <1)- 23 17% 15% 17%
Lit Brothers ... 12 1% 1 1%
Locke Stl C .60e.. 1 7% 7% 7%
Lockheed Aire . 11 6% 6 6%
Lone Star G .20a. 4 6% 6% 6%
Long Island Lt 12 1% 1% 1%
La Land & Ex .40 ft 7% 7 7%
Lynch Corp 60e. 150a 27 26% 26V*
McCord Rad(B). 3 1% 1% 1%
McWiims Dredg. 3 8 7% 7%
Marion St Shov__ 14 4 4
Massey Harris .. 2 5 5 ft
Master Elec 1.60. 50a 12 12 12
Mead John (3a > 150a 93% 92 92
Memph Nat Gas. 2 3% 3% 3%
Merritt C & S- 3 2% 2% 2%
Mesabi Iron_ 4 ft, ft, ft,
Mex-OhioOil_ 1 % % %
Mich Bumper_ 8 % % %
Mich Gaa & Oil . 13' 2% 2% 2%
Mich Steel Tube. 1 5% 5% 6%
Mid St Pet A vtc 3 2% 2% 2%
Midl’d O cvpf lg . 100a 4% 4% 4%
Midland Stl (2) .. 1 10 10 10
Midwest Oil U> 3 7 7 7
Minn Mln&M 40e 200s 27 26 26
Mock Jud Vo.lae I 7% 7% 7' j
Molybdenum Stl 14 4 3% 4
Monarch M T .40* 2 13 13 13
Mngrm Pictures 4 1% 1% 1%
Monroe Loan A _ 1 1% 1% 1%
Moody pto pr<3) 25s 22 22 22
Mount City Cop.. 112 4% 4% 4%
Mount Prod .60 . 6 4% 4% 4%
Ml St T&T 1.75a.. 10s 107 107 107
Murray (O) 16e_ 3 6% 6% 6%
Nat Auto Fibre . 6 3% 3% 3%
Nat Bellas Hess. 11 % % %
Nat Contain (1).. 2 6% 6% 6%
Nat Fuel Gill 2 12% 12% 12%
Nat Oil Prod .20e 1 16% 15% 15%
NatP&Ltpf(6) 300a 44 43% 43%
Nat Rub Mch .. 4 2% 2% 2%
Nat Sug Ref (2). 2 14 13% 14
Nat Trans < lg) 3 8 7% 7%
Nat Tunnel & M.. 37 1% 1% 1%
Nat Union Rad... 2 % % %
Nebel ... l % % %
Nehl Corp t3g).. 2 32 32 .32
Neptune Met A.. 2 5% 5 ft
N .1 Zinc l 5lle).. 800a 51% 60% 51
New Mex&Ariz .3 1% 1% 1%
NY & Hon R .75e 300s 26% 23% 23%'
NY Merchan 80 1 6% 6% 6%
Niag Hudson Pou 21 6% 6** S%
Niag S Md B 60g 4 4% 4% 4%
Niles-Bem ftOe 2 27% 27 27%
Nipisstng Mines. 2 1% 1% 1%
Noma Elec 40e._ 5 3% 3% 3%
Nor Am Lt&P . ft 1% 1 1%
Nor Am L&P pf.. 100s 31% .31% 31%
No Am Ray (A).. 1 13% 13% 13%
NorKuropOil . 18 % % %
Northn Pipe L 1 ft% ft% ft%
Nor Stales Pw A. 10 8 7% 8
Nwst Eng 1.7og.. 2 8% 8'-* 8%
Ohio Pow pf (6).. 1 ha 111% 111% 111%
Ohio PS pf A(7). 10a 98 PS 98
Okla Nat Gas . 8 7 6% 6%
Okla Nat Gas pf .. 50a 2ft 2ft 2ft
Oldetyme Dist 7 1% 1 % 1%
rac G&E 8 pf 1 4 l 284 284 28',
Pan Ltg pf (6) . 25* 10.14 1034 1034
1’ac Pub set vice. 1 44 44 44
Pac Tin spl (2) _ 50* 274 274 274
Pan-Am Air 25* 1 124 124 124
PantepecOll .. 41 54 44 5
Pender (A) 3.60 . 50* 20 20 20
Pender (B) __ I 24 24 24
PennG&E(A) 14 4 4
l’ennroad ,26g . 24 14 14 14
Pa P & Lt pf (7). 25* 80 80 80
Pepperell Mfg Co 50s 61 63 61
Perfect Circle 2a 50* 244 244 244
Phillips Packing 2 3 1 1
Phoenix Secur 4 14 14 14
Pioneer Gld 40 _ 9 24 24 24
Pitney-Bow lOe 11 64 6 6
Pitts Korg .. 1 44 44 44 j
Pitts Metalluftg . 1 44 44 441
Pitts Plate G 26* 5 61 584 60* ;
Pleas Vail Wine 11 1 1
Plough Inc .80 1 74 74 74
Polaris Mining. 1 24 24 24
Potrero Sugar 4 4. 4 4
Powdrell & Alex. 5 34 .1', 14
Premier Gold .12. 1 14 14 14 I
Prod Corp .. 11 . 4 4 4
Prosperity (B)._ 1 44 44 44 !
P S J nd S6 pf .. 60s 154 144 15'*
Pug Sd P*6 pf... 125s 114 114 114
Pyrene .... ... 4 44 44 44
Quaker Oats (5). 50ft 91 92 92
Hay’d Con (1) 100s II 11 11
Reeves < D) 60h 1 34 34 34
Reybarn Inc 1 24 24 24
Reynolds lnv ... 15 4 4 4
Richmond Had... 4 14 14 14
Rio Gr V G vtc_ 14 4 4
Rome Cable ._ 4 44 44 44
Root Petroleum. 1 2'* 2 24
Rossia lntl .. 1 ft, ft, ft,
Royal Typ .75*.. 100* 34 34 14
Rustless 1 & S 21 54 5 54
Safety Car (lOg) 100* 61 60 60
St Regis Pap . 21 24 24 24
Schift Co (.25e)_ 19 9 9 ,
Scullin Steel war. I ft, ft, ft,
Seem Bros 2.50a. 1 14 34 14
Segal Lock .. 6 ft! 4 jft
Seiberling Rub... 12 2 2
Select Industries. 11 4 4 4
Sentry Saf Con__ 1 ft, ft, ft,
Seversky Alrc 5 24 2 24
Shattuck Denn .. 15 64 6 64
Sherwin Will(4). 250s 804 76 79
Singer Mfg (6a) 40* 222 221 222
Singer Ltd .286g 15 44 44 44
Sonotone _ 2 14 14 14 i
Soss Mfg 60s_ 1 34 94 34
South Coast .16*. 1 24 24 24
So Penn Oil 1.60a 1 324 324 324
SC Ed B pf 1.50 . 2 254 254 254
SoCalEpfCl.37 4 6 244 24'* 244
Southld Roy .10e. 2 6 54 54
Std C&Scvpf l.«0 2 20 20 20
St Oil Ky (1)_ 3 15Vi 154 154
StdOilXebr _ 1 64 64 64
Stnd Oil of 0(1). 1 18 18 18 j
St Pow & Lt 6 4 4 4
Stand P&L pf B 1 4 4 4 1
Stand Product*.. 4 44 4 44;
Stand Tube (B) 2 24 24 24
Starrett Cor vtc 24 24 24 24
Sterchl Bros 2d . 50* 7 7 7
St Alum Prd 1.20| 2 44 44 44
Sterling Brew_ 1 34 34 14
Sterling Inc 20.. 12 24 2 2
Sun Ray D ,80a._ 18 8 8
SunrayOll ._ 29 24 2V4 24
Taggart _._ 10 3 3 3
Tampa El (2.24). 1 274 274 274
Tastyeast A _ 1 4 4 4
Taylor (K) Dist.. 4 11 1
Technicolor_ 19 164 154 154
Tech Hahs .20e._ 9 44 44 44
Texon Oil .30e._. 2 34 34 34
Thew Shovel_ 300* 74 74 74
Tob Pro Ex .27 5g 2 3 3 3
Todd Shlpy’d le 125* 454 45 45
Trans-Lux (,20a) 3 24 24 24
Transwest Oil . 14 5 5 5
Tubize Chatillon. 6 6 54 6
Tung-Sol Lamp . 2 24 24 24
Tung Sol L pf.80. 1 54 64 54
Unexcelled Mfg 2 11 1
Un Gas Can(.2Ue) l 114 114 114
UnPremFS(l). 2 11 11 11
United Aire war. T 64 54 6
UtdCgr Wh Strs. 4 i, jk £
Unit Corp war_ 14 4 4
Unit Gas .... 79 84 3 3
Unit Gas war_ 4 to 4 to
Unit Lt & Pow A. 29 14 14 14
Unit Lt & Pw B . 1 24 24 24
Unit Lt & P cv pf »15 164 16 16
Unit Profit Shar. 14 4 4
Unit Shipyds A.. 6 6 54 6
Unit Shipyds B . 7 14 14 14
Unit Shoe M 2 4a 550s 57 56 564
Unit Sh M pf 14 . 10* 404 404 404
US Foil (B)_ 10 44 4 4
US&lntSec_ 1 4 4 4
Unit Verde Ext_. 13 14 IV* 14
Unit Wall Paper. 10 is is 14
Uta Idaho Sugar. 3 14 1 1
Util Pw & Lt (D. 19 4 4 ft
Utility Equit ... 1 14 14 14
VaUpar Corp pf n 2 14 14 14
Venezuela Petrol 10 % 4 4
Voght Mfg .20e. _ 1 64 64 64
Wellington Oil... 14 4 4
Wentworth Mfg. 2 2 2 2
West Air Exp 2 3 3 3
Williams RC .15e 11 44 44 44
Willms Oil-O-M. 4 24 24 24
Wilson Jones ... 18 8 8
Willson Prod .16e 2 74 74 74
Wolverine Tube. 2 44 44 44
Woodley Pet .40.. 4 6 4 6 64
Woolw Ltd .413e 1 144 144 144
Wrilht Harg.toa 12 7 7 7
Yukon Gold 04e. 2 14 14 14
r In Bankruptcy or receivership or kelat
reorttnlaed under ths Bankruptcy Act or
securities assumed by such companies.
Rates of dividends in ths fortcoinc table
are annual disbursements based on tbs
last quarterly or eeml-annual declaration
Unless otherwise noted special or extra
dividends are not tneladed
a Also extra or axtraa e Declared or
raid so far this yaar no regular rata
Payable in stock g Paid last year,
h Cash or stock k Accumulated dividend
paid or declared this year ww With war
rants. xw Without warrants war War
•■snis
4
REACH J31M1
1937 Net Compares With
$15,881,829 Reported
in Previous Year.
By the Associated
NEW YORK, March 28.—Anaronda
Copper Mining Co. and subsidiaries
reported 1937 net Income of $31,
387,861 after charges but before de
duction for depletion of metal mines,
equal to $3.62 a share of capital stock.
This compared with 1936 net income
of $15,881,829, or $1.83 a capital share.
Cash on hand as of December 31
amounted to $13,691,875, a decrea.se of
$2,586,316 from a year ago. Current
assets of $99,859,662 compared with
current liabilities of $20,074,999.
Copper output during the year set
a new record and topped by 4.9 per
cent the previous peak in 1929. Total
production, after deducting purchased
ores and metal treated for others,
amounted to 843,622,162 pounds, a
jump of 52.6 per cent over 1936.
Gold production from company
mines totaled 45.827 ounces and out
put of silver amounted to 8.535,455
ounces.
Anaconda Wire <fc Cable Oo. re
ported net Income for 1937 of $1,985,
241, equal to $4.70 a share of capital
stock, compared with 1936 income of
$2,289,471, or $4.09 a share. The
company, a subsidiary of AnBconda
Copper Mining Co., has plants
throughout the country.
I,one Star Cement.
Lone Star Cement Corp. and sub
sidiaries reported net profit for 1937
at $4,079,825 after ail charges and
provision for Federal surtax on undis
tributed profits, equal to $4.17 a share
of common stock. This compared with
1936 income of $2,892,717, or $2.99 a
common share. Plants are located in
the South, East and Midwest.
Addressograph-Multigraph.
The Addressograph-Multigraph Corp
reported net profits for 1937 of
$1,950,802, compared with $1.319 885
for the previous year. The 1937
profits amount to $2.58 a share.
Allegheny Steel.
Allegheny Steel Co. reported for
1937 net Income of $1.813.707, equal
to $2.10 a share on the common stock,
compared with $1,829,137. or $1.12,
in 1930. The company's main plant
is at Brackenridge. Pa.
Union Carbide.
Union Carbide & Carbon Corp. re
ported today for 1937 net income of
$42,782,127, equal to $4.75 a share
on the capital stock, compared with
$36,852,208, or $4 09 a share in 1936.
The company, one of the large manu
facturers of chemicals and allied
products, has plants in more than
100 cities throughout the country.
American Radiator.
American Radiator Standard
Sanitarv Corp. reported for 1937 con
solidated net profit of $7,205,511 after
charges and provision for surtaxes,
equal to 68 cents a share on the com
mon stock. This compared with
$7,344,514, or 70 rents a share on the
junior stock in 1936. Inventories at
the end of the year were stated to be
$41,748,861, compared with $37,293,
655 at the end of 1936.
Indiana Standard.
CHICAGO. March 28 (SPV—Presi
dent Edward G. Seubert of the Stand
ard Oil Co. of Indiana announced the
company’s 1937 net earnings, plus its
share of the earnings of subsidiary
companies, totaled $55,900,000. Seubert
said in a statement that the total
figure represented the consolidated
profit for the year of all companies
controlled by Standard of Indiana
stockholders, less the share due
minority interests of subsidiaries.
The announcement said 1937 profits
amounted to $3.66 a share on 15.267.
030 shares outstanding at the end of
the year Earnings for 1936 were
$46,883,448 on 15.196,241 shares, or
$3.09 a share.
-•
FOREIGN EXCHANGES.
NEW YORK. March 28 OR —The French
franc was slightly depressed in forewn
exchange dealings today as most other
European currencies edged forward in
terms of the dollar.
Sterling gained % of a cent. The belga
advanced .00% of a cent and the Swiss
franc a similar amount. Guilders added
.UJ of a cent.
The Shanghai dollar slumped 1.27 into
further low ground for the year as loreign
banks in Chtna failed to reach an agree
ment with the Hankow finance ministry
over allocation ot foreign exchange.
Noon rates follow: Great Britain In
dollars others in cents. Great Britain,
demand. 4.fid. cables. 4.96; hn-riay bills.
4.95%. France, demand. 3.01’a. cables.
3.01. Italy. demand. 5.26*2. cables.
5-20 1
Demands—Belgium. 16.85*8: Germany,
free. 40.11; registered. 19.40; travel.
24.2ft: Holland. 55.30. Norway. 24.02'a;
Sweden. 25.50. Denmark 22.15: Finland.
2.20*2: Switzerland. 22.89%: Spain un
quoted; Portugal. 4.51; Greece. .91 *2:
Poland. 18.92: Czechoslovakia. 3.49*%;
Yugoslavia. 2.35: Austria unquoted: Hun
gary. 19.90; Rumania. .75; Argentina.
33.05n. Brazil <free>. 5.90n: Tokio. 28.92:
Shanghai. 24.00: Hong Kong. 30.45;
Mexico City unquoted: Montreal in New
York. 99.43%: New York in Montreal.
100.56*4- n Nominal.
FOREIGN MARKETS.
LONDON. March 28 OPI.—Trans-Atlantic
securities suffered sharp declines In the
stock market today and losses ranged
from 1 to b points, reflecting the week pnd
setback in Wall Street. Copper and tin
issues were weak in sympathy with lower
base metal Quotations and oils and mining
shares sold off. Tobaccos and liquors were
especially heavy, as were the bond and
gilt-edged groups. A better tone pre
vailed at the close, due mainly to short
covering operations.
PARIS.—The Bourse closed with a weak
tone and declines were registered through
out the list. Rentes lost 50 to 115 cen
times. Bank of France was down 140
francs and the industrials finished 10 to
20 francs down. Royal Dutch reacted
more than 100 francs and Sues canal TO.
—— — —.m
BOSTON WOOL MARKET.
BOSTON. March 28 t/P1 <U. 8 Dept, of
Agr.l.—Trading was very quiet on the
Boston wool market today, but, quotations
on domestic wools were steady to fairly
firm. The movement of combing quarter
blood fleece wools which has recently been
a feature of the business on the Boston
wool market has shown signs of slacken
ing. Some of the topmakers who have re
recently taken orders for quarter-blood tops
have reported that they are pretty welt
covered on raw wool and that further in
terest in wool awaits new orders on tops.
-•
METAL MARKET.
NEW YORK. March 28 </Pi.—Copper
steady: electrolytic, spot. 10.00: export,
9.70-80. Tin easy; spot and nearby. 40.76;
forward, 40.80. Lead steady; spot. New
York. 4.60-55: East St. Louis. 4.35. Zinc
steady; East St. Louis, spot and forward,
4.26. Ieon. No. 2. f.o.b. Eastern Penn
sylvania. 25.00: Buffalo. 24.00: Alabama.
20.00. Aluminum, virgin, 00 per cent.
20 00. Antimony, spot. 15.75. Quick
silver. 72.50-74.00. Platinum. pure,
38.00n. Wolframite. 22.00n. n Nominal.
MONEY MARKET.
NEW YORK. March 28 i/P>.—Call
money. 1 per cent; prime commercial
paper. 1 per cent; three loans. 00-90 days,
1>4; 4-0 months. 1 u2 per cent; bankers’
acceptances, unchanged; 00-00 days,
H-7/10 per cent; 4 months. 9/10-Vj per
cent: 5-0 months. 5i-9/lfl per cent: re
discount rate New York Reserve Bank. 1
per cent.
ODD-LOT DEALINGS.
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange lor March 20: 12
949 purchases Involving 324.181 shares:
10.158 :-a|es Involving 303 500 shares.
NEW YORK STOCK EXCHANGE
(Continued From Page A-14.) D.m.
——---Prev. 1938 Stock and Sales— Net
2:30 D.m. High. Low Dividend Rat*. Add 00. High. Low. done ehge
Prev. 1938 Block and Bale*— Net 22% 12% Yg.twn Stl Dr .25*- 10 12% 12% 12%
High. Low Dividend Rate. Add 00. High. Low. Close, ehge. 17% 10 Zenith Radio 14 11 10% 11 +1
2'?% 222 ill: il% 2^omt.Product.;:- , ,% ‘K ^%+1
2% 2 Wilcox Oil & Gab... 2 1% 1% 1% - % Approximote Salts of Stock* on th. N. Y. Stock Exehonq.
3 ^!!!y••pv*rl*.n,, - * 2% 2% 2% - % 11:00 A.M....450.000 12:00 Noon. 700.000
c. i*1 Wllll.-Overpf .«0.. 2 4% 4% 4% 4 % 1:00P.M_ 860,000 2:00 P.M_1.020 000
60% 32% Wilson & Co Df (8)" 32% 32% nol* - 1‘ a Actual aalaa: unit of trading 10 ahirna.
19V* 10% Woodward Iron 1 12% 10a4 12%+1% h * ** dividend, xr Ex rlgfiu a Alao extra or extras, b 1-10
Jo. i.'* 700“wsr(1 iron ... 1 1Z% 10% 12% 41% snare of *2 prefarence atock d 1-25 ahare of f.l rrefergnee
oo * S°° M°rth ‘ n‘° ' 2l 3K 37i* 37** ~ v« »Declared or paid so far thl* year, f Payable In stock.
20 12% Worthington Pump 7 12% 12% 12% 4 % g Paid last year, h Cash or stock k Accumulated dividend paid
35k 30 Worth P pr pf 4.50 .. 2 28k 27 28k -3k or declared this year
15% 8% Yellow Truck 90 11% 10% 10% 4 % .nf,.Jf,c'lv*rshlI> .or. 9*’"* reorganized andar
93 80 Ypllnw Turk iOa un en fin i/ ** or securities assumed by such companies.
10T, -ni, ,Iellow luck pr(7). 10r 80 80 80 — k Rates of dividends in rhe foretoing table are annual dls
I8k 10V4 Young SprR&WIra.. 4 11 10 11 4- k fVi«*emrTnf,a btsad on tbt last Quarterly or semi-annual declara
43k 26k Ygstwn Sheet & T-. 40 29k 26k 28k 4-lk included otherwlse noted soeclm! or extra dividends are not
GOODYEAR MS
SIFTS IN RIANT
Decentralization Declared
Necessary if Akron
Wages Hold.
B» thp Associated Press,
j AKRON, Ohio, March 28.—P. W.
Litchfield, president of Goodyear Tire
& Rubber Co., told stockholders today
that Goodyear would further decen- j
tralize its Akron operations unless
"adjustments are made In Akron wage
rates" and unless "compensation fac
tors of Improved efficiency return to
our Akron operations."
Another Akron rubber company,
B. P. Goodrich, recently proposed to
C. I. O. United Rubber Workers that
; they accept wage reductions or face
| threat of removal of 5,000 jobs from
| this rubber center.
i It is a tradition of long standing
I that high wage rates are maintained
' in Akron," Litchfield said. "In the
1 past it has been possible to sustain
| these levels In the face of outside
I competition by reason of compensating
factors of higher efficiency. More
recently, however, these compensating
factors largely disappeared under the
pressure of organizational activity
| Rmong our ejnployes and Akron oper
ations were placed at a distinct dis
advantage.
"As Akron costs bocamp increasingly i
out of line with costs in outside plants,
further decentralization became neces
sary. Just how much farther this
trend will carry us is a matter of un- 1
certRinty. If adjustments arc made ;
in the Akron wage rates and if com
pensating factors of improved effi
ciency returns to our Akron opera
tions, the rate of decentralization will
diminish.
• Otherwise further decentralization j
cannot be avoided, particularly in the !
manufacture of those products which
| must be sold on the basis of price."
FURTHER DROP SHOWN I
' BY INSURANCE SHARES;
Su-cirI Dispatch to The Star.
NEW YORK. March 28.—Insurance
stocks in the New York City market j
: again declined .to a new low for the i
j year at the close of the last week,
according to records compiled by Holt, j
Rose & Troster.
The aggregate value of 20 leading
! fire and casualty insurance Issue* on
| March 28 totaled *487.332,000 (the
j new low), compared with $506,065,000
! at, the close of the previous week, a
decrease of *27,732 000, or 5.48 per
cent.
The current average yield of th*
20 Issues is now 4 81 per cent, com
pared with a yield of 4 54 per cent on
March 18. The current market value
equals 90 per cent o> reported liqui
dating value, compared with 81 per
' cent a weA ago.
SMALL DECLINE SEEN
IN TRANSIT REVENUES
S peel a i Dispatch to Th» Star.
| NEW YORK, March 28.—Revenues
I for the transit industry for the week
| ended March 19, 1938, based on tele
graphic reports received from a repre
i sentative group of transit operating
companies, showed a moderate de
! crease from last year.
Transit Journal’s revenue indicator
i stands at 93.66. which represents a
| lass of 6.34 per cent from the corre
sponding week in 1937.
For the week ended March 12, 1938,
; the indicator was 94.51.
The revenues for the latest week
were slightly lower than for the pre
ceding week. Small losses were prac
tically uniform throughout the coun
try.
-,-•
Washington Exchange
SALES.
I Potomac Electric 5’*% pfd.—5 at
112',.
AFTER CALL.
Peoples Drue Stores common—100
at 20.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Anncosttn & Pot 5s. _ 55 65
Ana. A Pot. Guar 5s_107
CAP Tel of Va os __ infi
Capital Traction B. R. 6s . HI 66
City & Suburban 5s __ 58 H5
Georgetown Gas 1st 6s_110
Pot Else Pow 0>/4s __104'j 107
Wash Gas 5s 1058 .. 104’/a 105 Vi
Wash Gas 5s 1000 _115
Wash Rwy A Elec 4s.__108Vi _
MISCELLANEOUS
Chevy Chase Club 1st 4'is 104 _
Col. Country Club 1st 4Vis. 103 _
W. M. Cold Storage 6s 100 _
STOCKS.
PUBLIC UTILITY.
Amer Tel A Tel(S» ... * 115' i . ..
Capital Transit Co .. 7 8
N A W Stcmboat 15) . .. 56 80
Pot Elec Pw Oft pfd (HI 113
Pot Elec Pw h'h'r Pfd 15.50) 112
Wash Gas Lt new (1.20) 21 25
Wash Gas pf (4.50) 10(1
Wash Ry A El com (g.'lH) _ Rim
Wash Ry A El pfd (R) _ 110*4 112
BANK AND TRUST COMPANY
Amer Sec A Tr Co (»8> 238 250
Bank of Bethesda (h75) .25
Capital (4) . 135 141
Commercr A Savings (elO) *23(1
Liberty (5) 150 175
Lincoln (15) _ _ 175 240
Natl Sav A Tr . 215 240
Pr Georges Bk A Tr (.50). 17 25
Piggs (e8) ... 275 310
Rises pdd (61 ... 101
Washington (6) __ 125
Wash Loan A Trust (e8) 225 250
FIRE INSURANCE.
American (6' 115 _
Firemen's (1.20) 28 _
National Union (.75) 13V4 _
TITLE INSURANCE.
Columbia (k30) _ .11 __
Real Estate (m6) 160 _
MISCELLANEOUS
Carpel Corp (t2.00) _*2nVi 23V4
Lanston Monotype (4) 60 71
Lincoln Serv com (hi.00) .17 21
Lincoln Serv pfd (3.50) ... . 60
Mereenthaler Lino (2.00) . 18 20
Peoples Dr Str com (H.00) . •10>4 25
Peoples Dr Str pfd (6.60) HOVg 112
Real Est M A O pfd __ 4a4 5V«
Security Storage (5) 105 125
Ter Ref A Wh Corp (3) 65 80
Wdwd A Loth com (tl.50) *5!'4 58
Wdwd A Lth pfd (7) ..*112 _
•Ex dividend
b Books closed
t Plus extras, e 2<"» extra, f 2V4% extra,
h 75c extra g 814> extra pgtd November 30.
1037 k 30c extra, m 83 extra.
INVESTING COMPANIES
NEW YORK, March 2* (/Pi.—Investment
Bankers' Conference. Inc.:
Admin Fd 2nd Inc o.M) A).V]d
Am Bus 8hrs (new) 2.74 3.03
Am Oen Eq Inc .53 rto
Am Ins Slocks 4 no 4.50
gancamer Blair 3.125 4 1"5
ankers Nat Inv Corn 1.03 2.08
Basic Industry _ 2.40
Boston Fund Inc . 12.58 13.43
Broad St Inv _ 10.03 20.00
Bullock Fund . 10.50 11.825
Corporate Trust AA 1.74
Corp Tr AA mod 2.05
Corn Tr Accum 8er 1 74
Corp Tr Acc mod 2.05
Cumulative Tr Sh 3 Ho
Depos Bk Sh N Y A U 1.35 -
Depos Ins Shrs A- ... 2.38
Depos Ins Shrs B 2.18
Diversified Tr C 2.85
Dividend Shrs .00 1.08
Equity Corp $3 pf 24,75 77.25
Fidelity Fund Inc ... 15.41 18.50
First Boston Corp 10 25 11.75
Fiscal Fund Bk Sh 7.73 2.47
Fiscal Fund Ins _ 2 so 3.14
Fixed Trust Sh A __ 8 08
Fixed Trust Sh B _ 5.35
Foreign Bond Assoc 8,18 8 72
Found Tr Sh A 3 20 3.45
Fund Investors Inc 12.00 14.05
Fund Tr Shrs A 3.78 4.38
Fund Tr Shrs B __ _ 3.43
Oen Capital Corn . 25 22 27.FI
Gen Investors Tr 3 75 4 08
Group 8ec Agriculture .00 Oil
Group Sec Automobile . . .81 .88
Group Sec Building _ .03 1.02
Oroup See Chemical . ___ .00 1 OK
Group Sec Food _ .80 .7 3
Group 3ec Invest Shrs_ .55 .81
Group Sec Merchandise ._ .7 3 8L
Group Sec Minina _ _ .08 1 07
Group Sec Petroleum __ >7 .08
Oroup Sec R R Equip _ . .50 .58
Oroup Sec Steel ... .80 .08
Group Sec Tobacco 84 .02
Huron Holding .28 .88
Incorp Investors 14 72 15.83
Instl Sec. Bank Oroup 07 1.o7
Instl Sec Insurance 1.08 1.10
Investors fd "C" Inc 7.87 8.38
Keystone Custodn B 2 18.73 20.42
Keystone Custodn B 3 11.4P 12.50
Keystone Custodn K 1 11.53 12.58
Keystone Custodn K 2 8.M2 7.58
Keystone Custodn 8 2 10.88 11.68
Keystone Custodn 8 4 3.24 3.80
Mator Shrs Corp . _ 1875
Maryland Fund 4 60 5 04
Mass Invest Tr. . . 16 8.3 17.84
Mutual Invest s 74 0.55
Nation Wide Sec . 2.38 2.46
Nation Wide Voting 08 10!)
Natl Investors 4 28 4.54
New England Fund 0 08 10.73
\ Y Slocks. Bk Stocks 6 01 7 48
i N Y Stocks. Bide Supply 5.40 5.80
| N Y Stocks. Elec Eouip 5.48 5 02
N Y 8tocks. Insurance 7.Hi 8 74
N Y Stocks. Machinery 5.88 6.38
N Y Stocks. Oils 7 31 7 07
N Y Stocks. R Ft Equip 4.On 5.37
N Y Stocks. Steel 5.87 8.37
North Am Bond Tr ctfs 48.on
Nor Am Tr Shares 1053. 1 88
Nor Am Tr Sh 1055. 2 05
Nor Am Tr Sh 1056 2.01
Nor Am Tr Sh 1058 1.81
Plymouth Fund Ine. 30 38
Quarterly Income Sh 8 84 0.88
8choellkopf-Htitton h Pom 1.00 1.75
Selected Am Sh Inc 7.77 8.48
1 Selected Income Sh 3 28 3 75
Sovereign Invest 55 81
! Spencer Trask Fund 12.73 13 40
I Stand Am Tr Shrs. 2 05 2 35
! Stand Util Inc 35 .38
Super of Am Tr A 2.55
SuDer of Am Tr AA 1 87
Super of Am Tr B 7 88
Super of Am Tr BB 1 87
Super of Am Tr C 4 41 ;
Super of Am Tr D ... 4 41 !
Supervised Shrs 7 7o 8 37 1
Trustee Stand Inv C 1 80
Trustee Stand Inv D 1.85
Trusteed Am Bk ■ B'1 .55 81
Trusteed Industry Shrs .77 81
Wellington Fund 11.10 17 76
GENERAL THEATERS NETS*
PROFIT OF $1,212,315
; By the Associated Praia.
NEW YORK, March 28—General
; Theaters Equipment Qorp. and *ub
1 sidiaries. for the year 1937, reported
net profit of 81,212,315 after all
charges except Federal surtaxe on un
distributed profits surtax, equal to
82.01 a share of capital stocks. Due
to the reorganisation no comparative
1936 figures were available.
INSURANCE STOCKS
NEW YORK. March 2* >«*>.—Investment
Banker*' Conference. Inc.:
Bid A'ked.
Aetna Cas 1.3a1 __ 78'*! 82 d
Aetna Ins <160> 35d 37V5
Aetna Life ila> __ 213, 2.'l'«
Am Equil (1.00a 1 . ._ 22V, 23A,
Am Ins Nwk Ida) _ 9d 11
Am Reins <1.601_ _ 253, 273,
Am Reserve • I a >_ 213, 'Ll1,
Am Surety <2d>_ . 343, 363,
Automobile Hat 25d 27
Balt Amer < 20ai __ _ 43, 5',
Carolina <1.301 ......... IP3, 21
City of N Y 11.20) __ is 1Ht*2
Oon Oen Life < 801..... _ . 21 22 d
Cant In Cas <1.201 .. 21 d 2:P,
F:d & Dep 14a > _ 80 84
Firemen's Nwk (.301 _ <13, 8
Frank Fire < 1 a • . in1, 21
Oen Reinsur *2'__ 273, 2!)34
c.len Falls 11 fioi _ .IS3, :ir3.,
Globe A Rep (,80a) .. lid l.l3.
Globe A Rut . ... 19d 24
Great Amer f 1 a' __ IP3, 21 d
Hanover (1.001 243, 2rt‘„
Hartford Fire (21 ____ 6" 64
Home Fire Sec _ . 1', 2d
Home Ins (I a • 2o3, 22d
Homestead (1) ..._ l.l 14d
Knickerbocker (.80) _ jo1, 113,
Lincoln Fire __ 2 2d
Maryland Cas _ _ . 23, :t*,
Mass Bond Ctd' 38d 41 d
Merc Ins Pr (..'12> 4 fi
Natl Fire i2) 48d ftnd
Natl Llbeity < 20a' S3, 6%
N Hampshire (l.fioi _ as3, 403,
N Y Fire (,80a > ]33, 15*.
North River (II ... 21 d 23
Phoenix <2ai ... 67 HP
Prov Wash HI 25 27
Revere (PI In (1.20al. . 173, 19d
Rh Is! Ins (.401 ... 5 7
Rossia Ins .. a», 4.*,
St Paul Fire 161 ..._ ]Ro irr
Springfield (4dai_ 103 106
8un Life (J5i ._ _ _ 365 415
Travelers (16)_ 374 384
D S Fid Sc G_ . p lOVa
U 8 Fire (2) . _ 4.V, 47d
Westchester < 1.20a) _ 25d 27
a—Also extra or extras.
NEW YORK BAR SILVER.
NEW YORK. March 28 OP).—Bar
j silver, 43 *i, off 1.
Agents Take All Offered at
Chicago at Prices 1
Cent Higher.
By the Associated Press.
CHICAGO, March 28—Govern
ment agents bought up all the but
ter offered on the Chicago cash mar
ket. today at prices ranging to as
much as a cent a pound over re
cent wholesale quotations.
Reopening its buying program in
Chicago after shunning the local
market for 10 days because of a con
troversy over the State sales tax,'
the Federal Surplus Commodity Corp
purchased 116,676 pounds.
As a result of heavy market op
erations, butter was quoted at, 28 to
29 cents for extras. Saturday the
price was 27 % to 28.
No eggs were bought in Chicago to
day, although Government agents
made initial purchases of fresh eggs
here Saturday. Heavy buying of both
butter and eggs was reported at New
York.
The Government's operations in
both markets were to support prices
and accumulate produce for relief
distribution. More than 2,(100,000
pounds of butter have been bought
since the program began In Yebruarv.
VISIBLE GRAIN SUPPLY.
NEW YORK, March 28 UP).— The
visible supply of American grain |
shows the following changes, in bush
els: Wheat decreased 2,772,000;
corn, decreased 476.000: oats, decreas
ed 497.000; rye, decreased 111,000;
barley, decreased 404.000.
U. S. TREASURY NOTES.
NEW YORK March 7« m Price*
Quoted in dollars and thirty-seconds:
„ Approx.
Rate. Mo. Yr. Bid. Asked.yield.
77« June. 1038 101 in 101 21
2>a Sept., 10.38 101.24 102.70
l'« Dec , 10.38 101 .K 101 K
l’-t Mar., in:tn 101.15 101.17
21 a June. man. 102.1*1 102.17 .0.3!
17s Sept.. m.3n.101.71 10).7:: .1.0 !
l7a Dee. 1(130. 101.71 1012.1 .37'
Pa Mar. 1040. 102.4 102.0 .50
I'i June. 1040 101.2.0 101.3! .00!
)'i Dec.. 1040 .. 101.20 101.31 .7«
l'a Mar.. 1041 101.20 ml.31 .S3 .
Pa June. 104 1 101.18 lol.Co Mi
1 ’a Der . 104 1 __ 101.0 101 S .01 :
Pa Mar , 1042 102.7.3 102.25 1.03!
2 Sept. 1042 103.27 10.3.20 1 10,
Pa Dec.. 1047 102.70 102.31 1.00 I
PHILADELPHIA PRODUCE.
PHILADELPHIA. March 7S IP —Cheese:
Longhorns. 1B-1612; single daisies. 1B-1H1 .
Live poultry. Fowls Plymouth Rocks,
fancy. *22-23; mixed colors. 21-22: white
Leghorns, fancy. 20-21: average 11-10:
old roosters. 13-15: voting chickens. 24
25: broilers. Plymouth Rocks 20-23: reds
and cross-bred* JP-22. Ducks white
Pekin, fancy. IP: Muscovy whites. 20;
blacks. 10.
Dressed poultry: Fowls, fresh killed. In
boxes. 22-24: old roosters, larger. 18U.
.smaller. 1H-18.
Wheat: No. 2 red winter, garlicky. March
delivery. SHU
Butter: Top grades. 303,-345a; 02 30
30U. 01. 2r»U; ®0. 2P. HO. *28; 88, 21 (
Eggs. 3.154 cases: about steady: Extras
whites. 22*. 2-2412; browns. 21! 2-2.3; stand
ards. Nos. I and 2. 10-20: No? 3 and 4
18-]8I2; trades. 11-11v2; mediums, ex*ras
or better, whites. 21-22: mediums, stand
ards 11 -1 T12.
GENERAL ELECTRIC
EARNINGS MOUNT
1937 Total at $63,546,762
Against $43,947,166
in Preceding Year.
Special Dispatch to Tha Star.
SCHENECTADY. March 28—Th«
forty-sixth annual report of General
Electric Co. for the year ended De
cember 31 shows net Income of 183.
546.762. compared with *43,947.166 in
1936, an increase of 45 per eent, and
was equivalent to *2 21 a share of
rommon stock, compared with *1 52 in
1936.
Provision for total 1937 taxes
amounted to *23,266,000, compared
with *15,072.000 for 1936, an increase
of 54 per cent, and included *570.000
in 1937 and *300.000 in 1936 for Fed
eral surtax on undistributed profits.
Current assets on December 31, 1937,
indudlne *47,536.253 of cash and
marketable securities at the lower of
par or market, amounted to *167.753.
722, and rurrent liabilities were *37 -
943,805.
The company has no preferred stock,
funded debt, or notes payable out
standing. and there were no loans to
officers or directors.
The statement of orders received,
income and earned surplus for 1937
compares with 1936 as follows:
1037. i 936
Orders received 74*
Nrr *.aips billed 34P,?.m.M4 '26* 544 5*7
Cot”, expenses
and all othpr
charges except
depreciation
and financial
chargps 2*^*17.426 277*33 4**
_ 59 922.088 40.712,099
Depreciation 12.066.672 11.798,531
Net Income from
T s»l*> , 47 855 416 28.913 568
Incomp from
other source*
Interest and divi
dends from
affiliated com
panies and
miscellaneous
invest mentst 14 18.3 127 13 350 225
All other 1 773 498 1 .§29.467
15.956.625 15 278.692
To'al income 63.812,041 44.192,260
Financial
charges „ 265.279 245.094
Net income 63.546 762 ' 43 947 166
Earned surplus
a* beginning
of year __ 121.483 621 120.1106M
_ , , J 85 030 383 164 057,786
Revaluation of
investments
for undistrib
utprf earnings
of affiliates. ne^+ 300.066* 691 862
.. . . 184 730.317 164.: 49.64 2
Dividends on
common stock 63 273 796 43.2*6.021
Earned surplus
*• end of year J121.456.521 $121,483,621
•Charge
♦Revaluation of securities of an Invest
meni character carried directly to reserve
for investments.
All of the principal affiliated com
panies of General Electric operated
at a profit during 1937, but the pay
ment of dividends, increases in re
serves and year-end adjustments for
1937 resulted in a net decrease of
$300,066, which was charged to sur
plus. Interest and dividends from
affiliated companies and miscellaneous
investments amounted to $14,183,127.
an increase of 6 2 per cent, and was
7.3 per cent of the average gross value
of such investments at the beginning
and end of the year, compared with
6.6 per cent for 1936.
Money for Construction Loans
. and
Loans on Existing Properties
5%
FIRST DLFD OF TRl'ST ONLY
GEORGE I. BORGER
643 Indiana Av«*. N.W.
Nat’I 0350
HOME LOANS,
No commissions c.,„
or renewals. f0,y Mo",h,y
Taxes may be Payments as low
paid monthly. as
Investigate our ca
economical loan ■ *
plan. per $1,000
COLUMBIA B ASSOCIATION
716 Mill StreetOpposite Polois Royal
REAL
ESTATE
LOANS
Avail yourself of the services and
facilities of an experienced
building association
ESTABLISHED 64 YEARS
• REAL ESTATE LOANS and
COUNSEL TO HOME BUILDERS
Applications are invited lor loans on Improved
real estate In Washington and Arlington
County. Va. No commissions—No renewals
necessary—Interest charged only on unpaid
balance of principal monthly.
• SHARE ACCOUNTS
Officer* Thousands of people have availed themselves
Mitten H. Proaperl of the opportunity to accumulate substantial
Chairman of the Board savings reserve by opening share accounta with
. Charlea Kattelmann ua.
President
—I vice - Pr ealden f*r Consult anv of our officer* for information.
Wilfred H. Blent No obligation is Involved and ice. will be glad
Directore Secretory t0 <*««««*» vonr problems with von.
. . „ .. Goy M. Neely
John E. Mergner Treasurer
Clarence r, _________
Thomas 8. Sergeon Smerican Puilinng association
CDr*‘ wriium'c*r 300 Pennsylvania Ave, S.E.
CharlM*r£CrKiadle ASSETS ARE NOW OVER $10,000,000
■ — ■ i Telephone Lincoln 0130 Under U S Government Supervision.

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