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Evening star. [volume] (Washington, D.C.) 1854-1972, April 06, 1938, Image 16

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D. C. AUTO SALES
February Volume Recedes
to 1,063, Compared With
1,880 Year Ago.
By EDWARD C. STONE.
Sales of new automobiles in the Dis
trict of Columbia in February num
bered 1,063, compared with 1,880 in
February, 1937, a drop of 43.5 per cent,
the Reserve Bank of Richmond reports
in the latest monthly review. Auto
mobile sales in the first two months
of this year totaled 2,178 cars, against
4.017 in the first two months of 1937,
or a decrease of 45.8 per cent, the re
port adds.
In the whole fifth district in Febru
ary sales continued to lag far behind
sales a year ago, but the comparisons
were more favorable than similar com
parisons made in January with Janu
ary, 1937. February sales of new cars
in the fifth district declined 38.3 per
cent from the number sold in Febru
ary-. 1937.
Virginia made the best record, with
a decline of 30.7 per cent, while South
Carolina, with a decrease of 44.3 per
cent, showed the largest drop. Janu
ary registrations of new cars declined
48 3 per cent from January, 1937, reg
istrations. giving a combined decrease
for the first two months of 1938 of
44 1 per cent, the Richmond report
states.
In Maryland alone, new car regis
trations in February totaled 1,512,
against 2.341 a year ago, off 35.4 per
cent. In the first two months of 1938
Maryland sales totaled 3.16V, in com
parison with 5,714 in the like period a
year ago. a drop of 44.7 per cent. Vir
ginia sales totaled 2,023, against 2,921
in February a year ago and 4.464 in
the two months, compared with 6,997
a year ago. or a slump of 36.2 per cent.
Building Permits Fall Off.
The Richmond report states that
building permits issued in 31 fifth dis
trict cities in February, 1938, num
bered 1.807, with estimated valuation
of $7,218,914. compared with 2.101 per
mits issued in February, 1937, valued
at $7,127,198, a decrease of 14 per
rent in number of permits but an in
crease of 1.3 per cent in valuation in
the 1938 month. However, the increase
in valuation is chiefly accounted for
by a rise of 114 per cent in Baltimore,
where one permit for a group of apart
ments was issued for more than $1,
000.000.
Other large increases in valuation
figures were reported for Charleston,
W. Va.; High Point, N. C„ and Colum
bia, S. C. The five highest valuation
figures for February were reported as
follows: Baltimore, $3,339,507; Wash
ington. $1,396,435; Charleston, W. Va.,
$452,706; Richmond, $282,379, and Co
lumbia. S. C., $248,965.
Contracts actually awarded for all
types of construction work in the fifth
district in February totaled only $14,
741,000. In February, 1937. contract
awards totaled $22,103,000, showing a
decline this year of 33.3 per cent.
More Direct Loans Sought.
The Richmond bank says that in
quiries and applications received indi
cate increased interest in industrial
loans made direct to business for
working capital.
From the middle of February to the
middle of March there was a falling
off in demand deposits but a small
increase in time deposits. Deposits in
10 mutual savings banks remained
higher than a year ago.
Debits to individual accounts in 24
cities totaled $998,445,000, a drop of
12 per cent. There were 45 failures
against 44 a year ago. Liabilities to
taled $491,000, 22 per cent higher than
in 1937.
Sales in 53 department stores totaled
$7,228,625, off only 1 per cent from
February. 1937. Sales of 125 whole
sale firms amounted to $8,583,000 or
9.8 per cent under the mark in the
same month last year.
The report discloses continued un
satisfactory employment conditions.
During the month, however, Washing
ton reported a gain of 1 per cent in
the number on pay rolls and 1 per cent
In the amount of pay rolls. Maryland
employment gained 1.7 per cent. In
Virginia the number of employed j
gained 0.4 per cent and pay roll amount j
3.7 per cent, the Richmond review says. |
Business Shows sharp Gains.
Fred Wickett, agency vice president
of the New York Life Insurance Co.,
was in Washington today, honor guest
at a luncheon and meeting attended
by 50 representatives of the company
in the District, nearby Maryland and
Virginia. He will be given a dinner
at the Columbia Country Club this
evening, attended by winners of a re
cent sales contest and their waves.
As a tribute to Mr. Wickett the
members of the local agency made a
special drive for business during
March, with the result that 243 appli
cations were mailed to the home office
during the month. This is the largest
number of applications produced in
any one month since the recession
began last summer.
Six Underwriters Nominated.
Six members of the District Life
Underwriters’ Association were nomi
nated yesterday for places on the board
of directors next year. They are James
A. DeForce, B. H. Lingo, Earle D.
Krewson, Theodore W. Cook, Joseph A.
Marr and R. L. Baldwin.
There will be three vacancies on
the board and three of these men will
be elected at the May meeting to fill
these positions. George B. Farquhar,
chairman of the Nominating Com
mittee. reported the results at the April
luncheon at the Willard Hotel. It was
found that one of the ballots carried
the names of Donald Duck. Snow
White and Mae West, but it so hap
pens that they are not members of the
association.
Heard in Financial District.
The Hugh Reilly Co. officials are re
• ceiving congratulations today on the
company's reaching the 50th anniver
sary of its business existence. This
firm has played an important role in
the city’s business for five decades, a
record which may well be envied by
any concern. John W. Hardell is pres
ident of the company.
Voters of 116 municipalities located
in 27 States approved municipal bond
issues aggregating $12,132,590 in
March, compared with only $4,000,600
in February, according to the Daily
Bond Buyer. The largest item is for a
$5,000,000 water works issue in Roa
noke, Va.
Ten shares of Mcrgenthaler Linotype
stock sold at 21 on the Washington
Stock Exchange today, a gain of two
full points over the last previous sale.
The stock closed with 21 bid and 22
asked.
Riggs common, American Security &
Trust Co. and Security Storage stocks
are now being quoted ex-dividend on
the exchange.
Among bills recently placed before
the New Jersey Legislature is a pro
posal which would make every Satur
day during July and August a bank
holiday.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE!
Bj Private Wire Direct to The Star.
Prev. 1938 Stock and Bales— Net
High. Low Dividend Rate Add 00. High. Low. Close, chie.
45 36% Abbott Lab 1.60a_ 1 38 38 38 +1%
52 32 Acme Steel (2)_ 1 32 32 32
10% 6% Adams Express_ 10 7% 7% 7% — %
2 IS Advance Rumley_ 2 1% 1% 1%
68% 40% Air Reduction (la). 11 45% 43% 43% -2%
13% 8% Alaska Jun t.60a).. 8 9% 9% 9% + V*
1% % Alleghany _ 3 1% 1 1% + %
17% 6% Alleg *30 ww_ 10 8 7% 7% - %
17% 5 Alleg pf *40 ww_ 1 7% 7% 7% - %
21% 11% Alleghany Steel_ 2 13% 13% 13% - V* j
9% 4% Allen Industries 16 6 6
176% 124 Allied Chem (6)_ 7 13.3% 132 132 -3
14% 8% Allied Mills _ 2 9% 9% 9%
9% 4% Allied Stores_ 10 5% 5% 5%
53% 38 Allied Strspf (5)... 2 40% 40 40%+%
51% 34% All1s-Chalml.37%e) 16 37% 36% .36% -1%
15% 11% Alpha Port Cem (1) 1 12 12 12
3% 1% Amal Leather ... 2 1% 1% 1% - %
15% 10 Am Bank Note ,60e. 1 11% 11% 11% — %
42% 23% Am Brake Shoe ,25e 1 28% 28% 28%-%
91% 70'% Am Can (♦) . 2 82% 82 82
27% 12% Am Car* Foundry. 8 17 16% 16% -1%
50 27 Am Car&F pf 2.50e.. 3 35% 34 34 -1
17% 9% Am Ch&Cable ,25e.. 1 11 11 11 - %
13% 9 Am Cornel Alcohol.. 3 10% 9% 9%
16% 8% Am Crys Sug .75e__. 3 10 9% 9% + %
4s* 2% Am Encaustic Til_ 13 3 3
4% 2% Am & Foreign Pwr. 4 3% 3 3 — %
19% 10 Am & For Pw *6 pf.. 1 12s* 12** 12% — %
25% 13% Am & For Pw *7 pf_. 4 16 16 16 — %
11% 5Vs Am For Pwr 2d pf.. 2 7 6% 6% - %
4% 2 Am Hide & Leather. 2 2% 2% 2%
87% 30% Am Home Prod 2.40 1 34 34 34
-it* l’a Am Ice _- 3 1»* 14 14 + 4
7', 44 Am International— 15 5 5
234 124 Am Locomotive__ 10 I5V, 144 144 — m
744 45 Am Locomot pf_ 3 494 49 49 — 1*
14*2 10 Am Mach & Fy 20e. 1 11’, llVi lllj
5’* 2", Am Mach & Metals.. 2 34 3 3 — 1,
38** 23 Am Metal (3g) _ 4 254 25 25 -1
294 20 Am News (.25e) _. 40s 244 23 23 -2
7’, 34 Am Power & Light 11 44 44 44
33 lfi1* AmP&L J5pf 934k 1 194 19’* 194 — 4
404 19 Am P&L $6 pf 1 Hk. 2 22** 22 22 - H
14’* 9 Am Rad & St .60 ... 33 10>* 10 10’4
227* 13H Am Rolling Mill 10 lfi 154 15:, — 4
78 58 Am Roll M pf 4.50 _ 2 644 634 63** — 4
56*4 28’* Am Sm & Ref 1.25e. 44 34 32** 33 —14
34’* 15'* Am Steel Foun 2oe. 13 19’* 18'* 1914—1**
149**111 Am Tel & Teleg (9). 31 124’a 122’» 124 -2’*
71 58 Am Tobacco (5) 2 66 65 65 -j 2
72”* 58'* Am Tobacco! B) (5) 5 68’* 68 68
77* 3H Am Type Founders. 6 4'* 44 44 — 4
131 a 6 Am Water Works.. 26 7'« 7’* 7’* — ’*
5'* 34 Am Woolen _ 3 3”4 3'* 34
35”* 23'* Am Woolen pf_ 1 27’* 27’* 27’. + '*
84 4”* Am Zinc Lead & Sm 12 5”, 5'* 54 — *,
36”* 21's Anaconda Cop .25e. 108 24 4 23”* 24 —14
50 29 Anacon W & Cable 1 33 33 33 +2
107 974 Anch Hoc <31 pf 6.50. 20s 98 97 97 -1
100’, 82 Armour (Del pf (7) 1 86 86 86 +4
64 .34 Armour(Ill) .. 21 4'* 44 4'4 + 4
72 284 Armour (111) pr pf.. 2 344 344 344 - 4
39 244 Armstrong <.25e)_ 4 284 27'* 274 — **
8'* 4 Asso Dry Goods_ 2 5'* 5S 5'*
42 224 Atch T& S F (2g)_. 15 25', 25 25*,-*.
72 427» Atch T& S F pf (5) 2 50 494 50 + »4
27”, 14 Atl Coast L 1.50g .. 3 17’* 16'* 174-4
74 44 Atl Gulf &W Ind . 2 44 44 4"* — ’«
144 64 Atl Gulf & W Ind pf 2 7'* 74 74 + 4
24 174 Atl Refining (1)._ 5 187, 18”* 184-4
94 5”* Atlas Corp (.80)_ 6 64 6 6’,
43 39 Atlas Corp pf (3)_ 1 39 39 39
64 3 Auburn Auto_ 1 34 34 34
4'* 24 Aviation Corp__ 6 34 34 3’,
10"* 5 Baldwin Loc ct_ IS 64 64 64 - 4
104 4 Balto&Ohlo _ 36 6 54 54 - 4
134 54 Balto&Ohiopf _ 17 74 64 64 — »*
95 86 Bangor & Ar pf (5).. 10s 90 90 90
19 124 Barber Co 6 13”* 13*, 134— «,
104 5 Barker Brothers 16 6 6—4
30 21*, Barker Bros pf 2.76 60s 254 25 25 +1
164 104 Barnsdall (1) ... 18 124 114 12 -4
14', 8 b Bendix Aviation__ 5 9b 9b 97, — b
40'; 26b Best & Co (2.50a)_ 2 317, 31', 31Vi
65b 40 Bethlehem Steel_ 85 44'-.- 42b 43', —l",
28 18 Blgelotv-Sanford... 1 18b 18b 18V* - b
15b 10'- Blatv-Knox _ 7 11'* 11 11 — ««
35b 20'* Boeing Airplane_ 28 23", 22'; 23b— b
30 15 b Bohn Alum & Br_ 1 17', 17b 17b 4- ’,*
92b- 82b Bon Ami A Ce)_ 20s 82 82 82 -1
19b 15b Borden (1.60)_; 17 16b 157, 16b
28b 16b Rorg-Warner__ 11 19 18'* 18b— b
4** 2 Boston & Maine_ 1 2b 2b 2b + b
107, 5b Bridgeport Brass... 4 6"* 6", 6b — b
26b 12b Briggs Mfg ... 15 16'* 16 16 - '.
13b 5», Bklyn-Man Transit. 6 7 67, 67, — V*
37 16b Bklyn-Man T pf (6) 1 19 19 19 -1
9b 3b Bklyn & Queens pf. 1 4b 4b 4b — b
21'; 10b Bklyn Union Gas_ 1 12b 12b 12b — b
41 34b Brown Shoe (3)_ 1 34b 34b 34b 4- b
10 5b Brunstvick-Balk_ 1 7b 7b 7b + b
9", 5b Bucyrus-Erie_ 6 7b 7 7 — V*
6b 3b Budd Mfg _ 12 4b 4b 4b - b
54b 25 Budd Mfg pf_ 60s 31 30'; 30b - b
5b 3 Budd Wheel_ 6 3', 3b 3b
32b 15b Bulova Watch (4).. 7 19 18'; 18b — b
20'* 14b Burr’s Add M 30e._ 3 15b 15b 15b - V*
3b lb- Bush Term (r) ... 3 2 2 2
8b 5b Butler Bros (.60).. 8 6b 6b 6b — ",
4b 2b Butte Copper & Zinc 2 3 3 3 — b
lib 6 Byers* Co _ 2 7'j 6b 7b — '*
36b 20 Byers (A M) pf ... 40s 24 23 24 44
24b- 15b Calif Pack (1.50a).„ 2 18b 18 18b 4- b
2b 1 Callahan Zinc _ 3 lb 1*, lb — V*
10b 5b Calumet & Hecla_ 5 6b fib 6"* — b
15b 9s, Campbell Wy (1)_ 2 11 10b 10** — b
19b 12b Canada Dry G Ale.. 18 13** 13 13V* - b
8b 5 Canadian Pacific ._ 8 5b 5*, 5b — b
18 13 Carpenter Stl ,10e.. 1 13b- 13b 13b 4- b
97b 62'; Case (J I) Co _ 3 69b 69 69
109b 98b Case (J I) pf <7).._ 10s 103b 103b 103'4 - b
55b 29-, Caterplll Trac .50e. 3 35b- 35 35b 4 b
18b 9 CelaneseCorp .. 12 11** lib 11** — *,
28 20 Cent Aguire (1.50)_ 3 23 22b 22b- V*
4b 2 Central Foundry_ 5 2b 2b 2b — b
8b 4 Central Violeta .. 1 4** 4b 4b 4- b
5b 3U Cent Rib Mills .10e. 1 3b 3b 3b 4- V*
46b 26'* Cerro de Pasco(2e). 20 32b 31b 32 —lb
8*, 4b Certain-teed _ 3 6b 6*, 5*, — ',
32'.- 17b Certaln-teed pf_ 60s 21 20b 20b —1
48b 27b Ches Corp (3) _ 2 32 31b 31'* -lb
38b 23b Ches & Ohio l.50e . 12 26b 26b 26b - b
3b lbChi & East 111 pf(r). 1 2b 2b 2b 4- b
5b 2b ChIGt West pf (r). 13 3 3
1 b Chi M StP & P (r). _ 4 b b b
lb b Chi M StP& Pof(r) 6 lb 1 1 -b
4", 2 Chi & Northw pf (r) 1 2b 2b 2b — b
12b 6b Chi Pneu Tool . 1 8b 8b 8b
12b 8 Chi Yellow Cab ,25e 2 8 8 8
5b 3V* Childs Co . 1 3b 3b 3b - b
63% 35% Chrysler Corp_ 107 41% 39', 40 -1%
31% 10 City Iec & Fuel .40e 1 10% 10% 10%+%
3% 2 City Stores _ 1 2% 2% 2% + %
24 10% Clark Equipment... 1 13 13 13 + %
112 106% Clev El Illu pf 4%.. 80s 109 107% 107% -1%
41 32% Climax Molb .30e— 2 34% 34% 341*-%
126 105% Coca-Cola <.50e) ._ 1 112 112 112 -2
11% 7% Colgate-Palm-Pete. 8 8% 8% 8%
27% 13% Collins & Aik ,50e_. 2 17 17 17 -%
20 9% Colo Fuel & Iron_ 2 11% 11% 11% — %
8% 3% Colo & Southern 20s 4% 4% 4% — %
22% 13% Columb B C(A > 40e 3 15% 15% 15% - %
9% 5% Columb G& Ei 45g 20 . 6% 6% 6% — %
15% 9 Colum Pic vte (1)._ 1 TO 10 10
38% 23 Cornel Credit (4)_ 11 28% 27% 27% -1%
44% 31%. Cornel Inv Tr «4)_ 14 34% 34 34 -%
10 5% Cornel Solv (.60)_ 5 7 6% 7
27% 22',a Comwltn Edls 1.25.. 5 23’* 22% 23% — %
2 1 Comwlth * South’n. 17 1% 1% 1% + t*
42% 25 Comw &So pf 1.50k. 2 30 29% 29% —1%
19% 11 Consol Aircraft _ 20 13% 13 13 — %
25% 17 Consol Edls (50e).. 38 19% 18% 19 - %
96% 90 Consol Edis pf (5).. 11 91% 90 90 -%
10% 7 Consol Oil < 80 > .. 31 7% 7% 7%
% V* Consol Textile <r)_. 6 % % %
16% 9% Contain Corp l.20._ 5 11% 11% 11%-%
16% 8% Conti Baking (A)._ 4 11 10% 10% — %
2% 1% Conti Baking (B)_ 6 1% 1% 1% — %
45% 36% Conti Can (.60e)_ 11 41 40% 41 + %
32 21% Conti Insur <1 60a). 7 25% 25 25 — %
34% 21V* Conti Oil (Del) 25e 17 24% 23% 24 - %
56 40 Corn Exchange (3). 20s 45 45 45
65% 53 Corn Products <*).. 2 58% -58% 58% — %
41* 2’* Coty Inc 5 3% 3% 3% — %
29Vi 19 Crane Co .. 8 25 24% 24% — %
25 21% Cream of Wh (le).. 1 22 22 22 + %
39% 22Vi Crown Cork&S 50e. 9 26% 24% 24% —1%
12',* 7% Crown Zeller ,50e._. 3 8% 8% 8s* — %
44% 19'/* Crucible Steel_ 8 23% 23'i 23% — V,
IV* % Cuba Co (r) _ 1 % % %
13% 5V, Cuba R R pf _ 20s 6% 6% 6%
5% 3 Cuban-Am Sugar... 1 3% 3% 3% — %
18% 12Vi Cudahy Packing_ 1 13 13 13 + %
7Vi 4% Curtis Publishing.. 6 5% 5 5
5V* 3Vi Curtiss-WrUht 30 4 3** 4 + %
18% 12% Curtiss-Wright(A). 19 15 14% 14%
24Vi 13Vi Cutler-Hammer .. 7 17 16 16 — %
107 102% Dayton P&Lpf 4.50. 30s 105% 104% 104%
25Vi 17% Deere* Co . 19 18% 18% 18% — Vi
25 19% Deere & Co pf (1.40) 1 20% 20% 20% + %
15% 9 Deisel-Wem-G ,20e. 1 10 10 10 + %
17V* 714 Del * Hudson 4 9 8% 9 - %
s% 4 Dei Lack & westers 7 5% 5% 5% - %
39% 25 Devoe* Ray (A) 3. 20s 30 29% 30
26% 20% Diamond Mtch ,50e. 2 21% 21% 21% + %
9% 5 Diamon T Mot (1).. 5 6% 6% 6% + %
16 11 Dis Corp-Seag .5ft#. 2 13 12% 13 + %
17 14% Dixie-Vortex (1.50) 3 14% 14 14 - %
34 30 Dixie-Vor (A) 2.60. 4Cs 30 30 30
22% 12 Doehler Die 20e_ 1 14% 14% 14% - %
60% 46% Dome Mines 2e_ 15 49 48 48% + %
46% 31 Douglas Aircraft _. 30 35% 34% 35%
112 87% Dow Chem <1.50e)_. 1 92 92 92 +1
12% 6% Dresser Mfg (B)_ 1 7% 7% 7% + %
3% 2 Dunhill lntl 2 2 ' 2 2
123% 90% Du Pont de N 50e 20 98 96 96% -2%
115% 109% Dupont de N of 4.50 2 110 109’% 109% - %
116% 111% Duquesne 1st pf (5) 50s 115 114% 114% + %
7% 3% Eastern Roll Mill# 1 4% 4% 4% — %
167 121% Eastman Kod 3.50e_ 4 136 134 135%-3%
165% 157 Eastman Ko pf (6). 20s 168% 168% 168% + %
21% 10% Eaton Mfg (.26e)_ 1 13 13 13 + %
4% 2 Eitingon Schild ... 4 2% 2 2 - %
21% 13% El Auto Lite (.25#). 1 15%' 15% 15%+%
10% 6 Elec Boat (.60g) ._ 14 7% 6% 7 - %
4 2% El & Mus Inst .191.. 3 2% 2% 2% - %
13% 6% Elec Pwr A Light . ' 17 7% 7% 7% - %
40 18 Elec Pwr & Lt (6 pf 2 22% 22% 22% -1%
43 22% Eleo Pwr * Lt pf— 2 26% 26 26 -lit
I Prev. 1038 Stock end Sales— Net
Hleh. Low Dividend Rate. Add 00. Hixh. Low. Close, ebie.
31% 21% Elec Stor Bat (2)... 1 26 26 26
22% 17 El Paso Nat G (2).. 3 20 19% 19% -1
40% 33% Endicott-John (3)_ 2 33 33 33 —
6% 2% En* Public Service- 14 3% 3% 3% — %
2% 1% Eqult Office Build’s. 2 1% 1% 1%
6% 2 Erie R R __ 5 2% 2% 2% + %
9% 2% Erie 1st of- 2 3% 3% 3% - %
7 2% Erie 2d pf_ 1 2% 2% 2%
5% 2% Eureka Vacuum Cl- 2 3*4 3% 3*4
10% 5% Evans Products_ 10 7 6% 6% — %
1*4. 1% Exchange Buffet_ 1 1% 1% 1% ■+■ %
2 % Fairbanks Co_170s 1 1 1
33% 19*4 FairbankS-M (1)— 2 22*4 22*4 22*4 - *4'
33 26 Fajardo Sugar (le). 1 27 27 27 + %
75 52% Fed Min & Smltg— 1 52% 52% 52%
4*4 1% Federal Screw_ 1 2% 2% -2% + %
2 1% Federal Wat Sv(A). 4 1% 1% 1%
33% 22% Fid Phoenix 1 60a_. 1 24% 24% 24% - 14
25% 16% Firestone (,75e)_ 4 17*4 17% 17*4- %
18% 10% Flintkote (lg). -- 10 13% 12% 13%-%
29% 22% Florence Stove 50e. 1 22 22 22 *— *«
21 16 Florsheim (.25c) _ 1 15% 15% 15% —1%
3 1V4 Follansbee Bros(r). 2 1% 1% 1*4 — %
33% 18 Food Mach (.25e)._ 1 20 20 20 + %
20% 11 Foster Wheeler_ 4 13% 13% 13% - %
2Vi 1U Gabriel (A) _ 1 H, Hi IV,
5 214 Gair (Robert)_ 5 3>, 3 3 - Vi
45Vi 29 Gen Am Trans 3.60g 1 32'4 32'i 32'i — ’<
9 6'i Gen Baking (,60a) 5 77,* 7Vi 7Vi — *4
123 116*i Gen Baking pf (8).. 10r 116 116 116 -*4
13 5*i Gen Cable . _ 5 7'i 7'i 7V* - V,
25T* 11 Gen Cable (A)_ 2 13’, 13Vi 13'i -
45',i 27'4 Gen Electric (,30e). 67 31', 30'.* 30',-1
33’, 2274 Gen Foods (2)_ 26 25*4 25 25 -Vi
l*i ’» Gen Gas & Elec (A) 1 Vi 7i ’4
38'i 25Vi Gen Motors (.25e)_. 123 29 27’* 28Vt - ",
116'i 112', Gen Motors pf (6).. 1 112’i 112’, 112’. - V,
97i 6’t Gen Print rnlc .10e„ 1 8'i 8'i 8',
26'i 12’, Gen By Sig (.50e)._ 1 16v, 16'i 16W + "*
2 1 Gen Realty & Util . 2 U, IV* l'i + >4
20'i 13’i Gen Realty & Ut pf. 1 14 14 14 - ',
28 15'* Gen Refractories _. 3 18'i 17'i 18'i — '4
28’* 13 Gen Steel Cast pf . 210s 18 17 17=,- ’.
14 8'i Gen Theat Kq ,25e . 6 10 9'i 9',- Vi
ll'i 7»* Gillette Saf R 25e 9 8’i 8'* 8'/*—',
61 51 Gillette Saf R pf (5) 1 54 54 5 4
9’i. 5 Gimbel Bros_ 2 6', 6'i 6'i
27'i 13 Glidden Co _ 8 16', 16 16 - Vi
3'* l’i Gobel (Adolf) _ 7 2 l7, 2 + ',
3‘* 2’* Goebel Brew .20_ 1 27« 27. 27, - >,
19V* 10 Goodrich (BF)_ 9 12’, 12 12 - V,
57', 35 Goodrich pf (5) . 1 377» 377, 377, + <
24 15'4 Goodyear Tire( 25e) 13 17', 167» 167, -
89 72 Goodyear pf (5)_ 2 77', 76 76
2 Graham-Paige__ 5 1 7» 1 + ’*
6'i 2', Granby Consol . 3 3’, 3’, 3',
13’, 8 Grand Un pf (,50k). 2 97, 9’, 9’* - U
27’, 19 Grant (WT) 1.20e . 1 19*. 19’i 19*, +
23 20 Grant (WT) pf (1). 1 20', 20', 20’,
26'i 12H Great Northern pf.. 18 15', 14'* 14',—1
15', 9', Grt Nor Ore ct .75e_ 1 11 11 11
32 23’, Great Wn Sub 2.40a 5 24’* 24’, 24>i + Vi
21** 13*, Green (HL) 1.60s.. 1 16 16 16
ll'i 7*4 Greyhound (.80)_ 37 9’i 8’, 9 — 'i
8', 7', Greyhound pf ,55)_. 15 S’, 8 8’, + *,
6 3 Gulf Mob & Northn. 1 3', 3', 3',
95'i 88** Hanna (Mark)pf (5) 10a 89 89 89 + ’,
25 15 Harb-Walke 25e_ 1 17 17 17 — I
7’t 4*» Hat Corp A(.20e)... 2 5'i 5', 5'i
Vi 5'a Hecker Prod 4.60)_ 4 fi' - fi", fi', + |
17# 10 Hercules Motor_ 1 10'* 10'* ]0'* — i,
58 42*4 Hercules Pow ,40e— 2 44', 44 44
11 5:l* Hollander & Son _ 3 fi', fit, fi*;
65’, 48’, Homestake Min 4 44 11 53 51 52', +2',
25 17's Houd-Her (A) 2>4.. 2 18', 18', 18'!-',
117» fi Houd-Hershey (B). 4 7*, 7', 7', — ',
87, 5 Houston Oil _ 15 fi', 57, 57, — V,
53*. 23’i Howe Sound (3) . 2 31", 31*4 3!»*
28*4 20", Hudson Bay (1.75j?) 1 23 23 23 — 'i
2*» 1 Vi Hudson & Manhat.. 7 1*, 1', 1',— >,
7'a 3 Hudson * Man pf_ 4 3 3 3
10 5 Hudson Motor__ 14 fi*, fi 6 — t*
1", ** Hupp Motor_ 7 1 1 1
12’* fi’, Illinois Central_ 11 7', 7U 7’* —1
20 13 Illinois Central pf 1 12 12 12 —1
38 23 Illinois Cent LL (4) 70s 2fi 25'., 25'i + ’,
22 14’, Industrial P-ayon _ 1 lfi', 16', Ifi', 4- i*
86 60 Inpersoll Rd(l,50e) 7 62'a 61 62'a +l’a
15*, 7', Inspiration Copper. 15 9 8*, 8** — *»
4'a 3', Insuransh ct (.20) 1 3** 3** 3**
25 15 Interchemical Corp 1 17 17 17
4** 2 Intercontl Rubber.. 3 2*, 2** 2’* + >4
13'a fi:« Interlake Iron . 22 8'* 77, 8 — ",
154** 130 Inti Bus Mach (6a) 1 135 135 135
70 50'* Inti Harvest (2 50) 22 56*4 55’i 55’* — 1 ’2
7** 3’, Inti Hydro-Elect A) 4 4’, 4 4 -
4’, 2 Inti Mer Marine . 1 2*, 2”* 2**
117« 6’, Inti Mining (.15e).. 4 7*, 7*, 7*,
52*4 367, Inti Nick Can 50e.. 103 427, 41’* 41’, -2
97, 4’* Inti Paper & Pwr . IS 5*. 5’, 5>« — t,
39'a IS*, Inti Paper&Pwr pf. 3 22 21', 22 - ’,
6 2'* Inti Ry Cent Am... 10s 27, 27, . 27. -
22'a 19'a Inti Salt (1.50)_ 1 21 21 21 +1
20 12 Inti Silver _ 1 14 14 11 +1
8', 5'a Inti Tel & Tele* __ 55 7 fi7, 7 - >, j
8*, fi Inti Tel & Tel for ct 5 7'. fi7, 7 — ',
13*, fi'-i Interstate Dept Str 7 S’, 8 8 — ', ■
86 58 Johns-Manville . 8 624 614 62 -1
1254 122 Johns-Manv pf (7) 10s 1234 1234 1234
94 54 Kansas City Southn 2 64 64 64 — 4 !
144 104 Ka.vser f J) 25# ._ 1 11 11 11
94 4", Kelsey-Hayes (A).. 2 6 6 6 — 4 ;
434 264 Kennecott (,25e)_ 42 304 304 304 - 4
24 14 Kinney (GR1 . 1 14 14 14
164 9 Kinney (GR) pr pf. 10s 104 104 104 - 4
18". 154 Kresge (SS) .30# 2 164' 164 164 + 4
174 124 Kroger Groo (160) 7 14 13". 14 — 4
30 15 Laclede Gas pf .. 50s 15". 15", 15", — 4
124 84 Lambert Co (.75e) . 4 10 94- 94' + 4
54 14 Lehigh Va! Coal pf. 3 2", 2". 24
64 3 Lehigh Valley R R. 3 4". 44 44 - 4
11 64 Lehn & Fink ,30e_ .3 74 74 74
274 194 Lerner Stores (2).. 2 21". 21". 21". - 4
42 234 Libby-Ow-Fd 25e.. 4 264- 26 264 -4
9 6 Libby McN & Lib... 1 6". 6". 64- 4
34". 204 Lima Loco .. 18 254 24 4 25". +14
20 124 Liquid Carbon 60#. 1 14". 14", 14".+ 4
524 33 Loew's. Inc (,50e)._ 10 364 35". 354 — 4
1". Loft. Inc .2111
39". 26 Lone Star Cem (3). 5 304 30 304 - 4
1404 125 Lorlllard P pf (7) . 60s 125 125 125
174 124 Louis G&E A(1.50) 3 144' 144 144 + 4
564 304 Lou & Nash 2.50# ... 4 324 314 314 -1
154 84 McCall Corp (1 )_ 6 94 9 9 -4
15 10 McGraw Elec (l)-_. 1 1.34 134 134 - 4
454 354 McIntyre Pore (2).. 3 384 38 384 +4
84 54 McKesson & Rob 1 64 64 64 — 4
84 5 McLellan Strs .40#. 2 54 5", 54+, 4
244 16 Mack Truck (1) ... 1 17", 17", 17",- 4
324 244 Macy (RH) Co (2).. 3 28 274 274 -4
304 184 Magma Cop (,35e).. 2 204 204 204 — 4
2 *« Manati Sugar new.. 9 1", 14 14 — 4
9 24 Man Ry modgtdlr). 5 44 4 44 — 4
124 9 Manhat Shirt (1) .. 1 104 104 104 + 4
74 5 Marine Midland .40. 4 5". 5". 54 — 4
124 7 Market St Ry pr of. 20s 10 10 10
29 184 Marlin-Rock 50e 4 204 20 20 -4
94 o'2 Marshall neid_ 4 74 7 7—4
214 144 Martin (Glen) . . 5 IS*, 154 15s. - 4
274 194 Mathieson Aik 1.50. 1 22s. 22s. 224 -4
165 157 Math Alklll pf <7).. 10s 160 160 160
424 284 May Dept Strs (3).. 1 314 314 314 -4
64 34 Maytag Co .. 3 4 4 4
25 17 Maytag pf ww (3).. 2 18 18 18
15 64 Mead Corp. 5 94' 84 9 - 4
54 34 Mengel Co 1 34 34 34 -4
23 . 164 Mengel 5% pf-<2%) 40s 174 174 174
434 26-4 Mesta Mach <2e> ... 1 304 304 304 -14
114 54 Miami Copper .. 10 74 74 74 — 4
22s. 124 Mid-Cont Pet 1.50g. 3 144 14 14 - 4
274 16 Midld Stl Prod 50e. 3 174 174 174 +4
67 464 Minn-Honey R (3 >_ 1 56 56 56
74 4 Minn-Mollne Imp .. 6 5 44 5
60 35 Minneap-Moline pf.” 1 374 374 374 -24
174 11 Mission Corp _ 1 124 124 124 + 4
34 14 Mo Kan & Texas .. 2 24 2 2
114 44 Mo Kan & Texas pf. 5 64 6 6 -4
34 Ui Mo Pacific pf (r)— 10 14 14 14
17 10 Mohawk Carp ,25e— 1 124 124 124 + 4
914 684 Monsanto Ch (2) .. 3 714 71 71 -1
1134 111 Monsanto pf C44)~ 1 1124 1124 1124 - 4
374 25 Montgom Ward le 48 284 264 274 -1
394 25 Morris* Ess 3.7*4 30s 30 29 30 -4
4 4 Mother Lode _ 18 4 4 4 — 4
214 104 Motor Products_ 2 124 124 124 — 4
14 8 Motor Wheel!.20e). 1 94 94 94 - 4
214 114 Mueller Brass 3 12 12 12 - 4
644 26 Mullins Mfg of (7). 100s 45 41 41 -4
57 344 Murphy (G C) 3 41 404 404 +14
104 974 Murphy(GC) pf <5) 60s 97Vi 95 974+4
7*4 4 Murray Com - 10 51* 4*4 41* — >4
12’5 6*4 Nash-Kelv (.125e).. 13 814 71* 814+14
15'4 71a Nash Chat* StL... 60s 10 10 in
13'4 814 Natl Acme _ 1 9 9 9 — 14
10»* 6 Natl Aviation ... 6 6*4 6 6*4
20** 151a Natl Biscuit (.40e). 10 17*« 17*4 17*4+14
157 150 Natl Biscuit pf (7). 1 15114 161*4 15114 - *4
18'-4 12'4 Natl Cash Reg 50e. 3 14 13'4 13V* -1
15*4 111* Natl Dairy (1.20).. 16 13*4 13 1314
7** 31a Natl Dept Stores ... 5 4** 4** 4*4— 1*
23** 17V* Natl Distillers (2).. 6 19Va 19'a 19*a - Va
7** 5 Natl Gypsum_ 7 5** 5** 5*4 - y*
29** 17V4 Natl Lead (.60)- 23 21 20*4 21 + *4
24 13V* Natl Malleable_ 2 15*4 151a 15*4 - 14
8*4 5 Natl Pwr&Lt (.60) 3 614 6 6
62*4 44*4 Natl Steel (.25e)—.. 2 47*4 4714 47*4 -IV*
23 1414 Natl Supply.. _ 10 1614 161* 16'4 - V*
7914 63 NatlSupprpf (5%) 1 65 65 65
101* 7*4 Natomas (.80) .. .* 2 814 8*4 81a
106 100 Newberry (JJ) pf 5 10s 101 101 101 -1*4
19V* 914 Newport Indus ... 12 1114 1114 11V* — Vs
39 20 N V Air Brake .25e. 1 26 26 26 +2
1974 1 0 NY Central -. 71 12*4 11*4 1174 - *.
221a 7 N Y Cht & StLouis— 6 10** 9'a 91a -11*
381* 12*4 N Y Cht & StL pf_ 6 17** 16*4 17 -114
2614 18 NYC Omnibus_ 1 2014 2014 20*4 + 84
11»* 5!4 N Y Dock pf .. ... 60s 8** 8 8-1*
11514 101 N Y & Harlem (5).. 110s 107 103 105 +4
2V» IV* N Y N H & H (r> . 6 1*4 1*, 1*4 - 14
6*. 2*» N Y N H & H pf (r). 8 31* 3** 37s
11a V4 N Y Ont & Wn (r)— 1 1* 14 1* — 14
10*4 4*4 N Y Shipbuilding .16 6 6
198 135 Norfolk & West 10a 1 139 139 139 -1
1014 514 Nor Am Aviation .6 7 6*4 6*4 — *4
22 13*4 North Am Co <.30e) 21 15V4 15 15'/* - **
13*4 6*» Nor Pacific.. 42 8 714 7v* - *»
1414 10 Ohio Oil (1() . _ 9 11*4 1114 ll'/i - *4
3214 2014 Oliver Farm Equip. 7 23 2114 22 - T4
12*4 714 Omnibus Corp _ 2 9V» 8*< 8** - V*
7*4 4 Oppenhelm Collins. 1 4** 4*4 4*4
2414 13*4 Otis Elevator .lSe.. 15 1714 1614 16*4 -114
i
Prev. 1938 Stock and Sales— Net
High. Low. Dividend Rate. Add 00. High. Low. Close. eh«e.
12 6% Otis Steel _ _ 8 7% 7% 7% - %
66% 40 Owens-Ill G1 .25e._. 17 43% 43 43 -1
11 Vi 6 Pac Am Fish .456... 1 7% 7% 7%
18 10% Pac Coast 1st pf_ 10s 14% 14% 14% +1
28% 22% Pac Gas & El (2)... 9 25 24% 25
40 32% Pac Lighting (3 > .. 3 35 35 35 +1
15% 10% Pac West’n Oil .75g 1 10% 10% 10'% — %
5% 3% Packard Motor _ 28 4% 3% 4
55% 27% Panhandle pf (r)_ 40s 33 32% 33 —1
42 29 Paraffine Inc .EOe... 1 30% 30% 30%+%
12% 6% Paramount __ 26 7% 6% 6% — %
12% 6% Param’t 2d pf (.60). 5 7% 7% 7% - %
3% 1% Park Utah Mines .. 8 2% 2 2% + %
37% 31% Parke Davis (,90e). 8 34 33% 33% — %
20% 13 Parker Rust (1.50). 2 13% 13% 13%-%
6% 3% Rathe Film _ 2 4 4 4
5% 4 Peerless Corp _ 1 4% 4% 4% — %
47% 41 Penlck & Ford .50e. 2 44% 44 44 +2
73% 55 Penney (JC) (le) . 6 58% 58 58%
5 2% Penn-Dlxie Cement. 3 .3% 3% 3% - %
24% 14% Pennsylvania R R_. 29 17 16% 16% - %
31 19% Peoples Drug (la)— 1 23 23 23 +1
34% 22% Peoples Gas & C_ 1 24% 24% 24% -1
38% 15 Pere Marq pf .. 10s 20 20 20
7% 4% Pfeiffer Brew ,25e.. 1 5% 5% 5% + %
31% 17% Phelps Dodge ,10e . 21 20% 19% 19%-%
% % Phlla Read C&l (r). 3 % % %
95%. 75% Philip Morris 5.25e. 9 80% 80 80
42%. 27% Phillips Petrolm(2) 20 31% 31 31
8% 4 Pierce Oil pf_ 1 5 5 5 + %
71 j 3% Pius Coal _ 1 4% 4% 4%
35 22% Pitts Coal pf_ 1 22 22 22 -1
8% 5 Pitts Screw_ 7 6 5% 5% — %
2% 1 Pitts United_ 4 1% 1% 1%
16% 6 Pitts & IV Va_110s 8% 8 8 -1%
20 15 Plymouth Oil 1.40.. 5 16% 16% 16% — %
12 5% Poor* Co B ... 1 7 7 7 - %
4% 1% Postal T & C pf (r). 1 3 3 3
10% 4% Pressed St I Car . 6 6% 6 6 — %
10% 4% Press St C lstpf .25. 3 6% 6% 6% - %
31% 13% Press St C 2d pf 2% 1 18% 18% 18%
50% 39% Proctor & Gam (2). 5 44% 42% 42%-]%
35% 25 Pub Svc N J (2 60). 3 28% 28% 28% - %
98% 86% Pub Svc N J pf (5). 2 88% 88 88 — %
108 103 Pub Svc N J pf (6). 1 103% 103% 103% + %
36% 21% Pullman Co (.37Ee). 5 25% 25 25 — %
13% 8% Pure Oil .. ]6 9% 9% 9% — •%
10% 7 Purity Bak (.15e)_ 1 ' 7% 7% 7% + %
7% 4% Radio Corp _ 64 5% 5% 5% + %
53 37% Radio cv pf (3 %) . 6 41% 41 41 — %
5% 2% Radio-Kelth-Or (r). 1 2% 2% 2%
22 12% Reading Co (2) _ 2 14% 14 14 - %
11 5 Reis* Co lstpf_ 1 5% 5% 5% + %
15% 9% Rent Rand .EOa 8 10% 10% 10% — %
67% 50 Rem-Rd pf \vw 4 %. 1 51 51 51 4 1
3 1% lleo Motor _ 15 2 1% 1% - %
20% 11% Republic Steel. 31 13% 13 13%- %
17% 7% Revere Copper ._ 1 9% 9% 9% — %
17% 10*1 Reynolds Met(.lSe) 1 12% 12% 12% + %
87% 84% Reynolds M pf 5% .. 3 86 85 86 n 1%
10% 4% Reynolds Spring . 1 5% 5% 5% — %
46% 33% Reynolds T( B)1.20e 5 38% q8 38 — %
7% 5 Richfield Oil_ . 1 5% 5%. 5% — %
2.u» 12 sareway stores ,2j* 5 i» 114 144 — 4
404 254 St Joseph Lead .25e 2 29 28 29 — 4
2 14 StL-San Fran pf (r) 2 2 14 14 — 4
194 8", Savage Arms . 2 104 104 I04 — 4
274 164 Schenley Dist-50e . 9 184 184 184 — 4
1 4 Schulte Ret Strs(r) 3 4 4 4
7*i 3 Schulte Ret S pf(r). 1 44 44 44
42 344 Scott Taper <40e> .. 20s 36 36 36
4 4 Seaboard A L (r) 11 4 4 4
24 14 Seaboard A L pf (r) 1 14 14 1*. + 4
274 154 Seaboard 011 (1)_ 1 174 174 174 -*.
54 34 Seagrave Corp . 1 34 34 34 + 4
65*, 47 Scars Roebuck(2a). 19 524 514 514 — 4
164 94 Serve! Inc(l) _ 19 114 10', 11 — 4
54 3 Sharp & Dohrne_ 1 34 34 34 — 4
184 10 Shell Union Oil „ 35 124 11*, 124 — 4
1014 93 Shell Un Oil pf 6H- 1 964 964 964 +24
94 44 Silver King C .35e4 64 6 6
244 124 Simmons Co 2.25* __ 3 15 15 15 — 4
22 144 Simonds Saw .20e . 1 154 154 154 — 4
344 184 Skelly Oil _ 17 214 204 214 +14
204 134 Smith (AO)_ 1 144 144 144 -r 4
154 10 Smith & Cor (,25e) . 1 11 11 11
16’, 104 Socony*Vacuum .50 33 124 124 124 — 1.
34 14 South Am G&P .20g 1 U, 14 U,
28 164 South Port R S (2) . 1 20 20 20 . + 4
244 194 Southn Cal Ed 14a 4 204 204 204 — 4
224 94 Southn Pacific _ 42 114 104 10’, -1
134 54 Southn Railway 20 74 74 74 — 4
214 84 Southn Railway pf. 15 1! 104 104 — 4
4 2 Sparks Withington. 3 24 24 24 — 4
214 154 Sperry Corp- 15 174 174 174 _ t5
154 7*, Spicer Mfg Co_ 2 94 9 9 +14
11*, 64 Spiegel, Inc _ 23 64 64 64 — 1,
61 50 Spiegel. Incpf (44? 90s 504 49', 49*, —14
214 124 Square D Co (.15e). 2 144 144 14*, — 4
94 64 Stand Brands ,35e . 21 74 74 74
1074 94 Stan Brands pf 4.50 1 974 974 974 + 4
54 2 Stand Gas & El <r)_ 3 34 3 3 — 4
11*. 44 Stand G&E pf <r) 6 54 54 54 — 4
334 254 Stand Oil Calif (la) 10 274 274 27*, — 4
35 4 24*. Stand Oil lnd (1) .. 12 27*, 274 274 -4
544 394 Stand Oil N J (lal. 32 444. 434 43', — 4
594 49 Sterling Prod 3.80 . 2 634 53*, 534 - .4
114 64 Stew-Warnerl.50a) 1 74 74. 74 — 4
114 54 Stone & Webster_ 11 74 64 64 — 4
74 34. Studehaker _ 7 4*, 44 44 •+- 4
144 94 Sunshine Min 60e)_ 5 11 10** 10*,
294 174 Superheater t.50)_ 2 194 194. 194 —1
3*, 1*, Superior Oil _ 5 24 24 24 — 4
174 8 , Superior Steel .. 3 11 104 104
244 174 Sutherland Pap 1.60 1 204 204 204 + 4
184 15 Swift & Co < 1.20)_ 7 16’, 16' 164
27 224 Swift Inti (2)- 4 234 234 234 +4
Prer. 1038 Stock and Sales— Nn
High. Low Dividend Rate Add 00. High. Low. Close, chas.
10% 4% Symington ww.25e. 4 6% 6% 6% — %
8% 4 Symington xw .25*. 7 5% 5% 5% — %
7 6 Talcott (J) ,30e ___ 1 5% 5% .5%
5% 4% Telautograph .60_ 1 4% 4% *4%
8 3% Tenn Corp__ 5 5% 5% 5%
44% 32% Tex Corp (2)_ 37 36% 35% 36 — %
4% 2% Tex Gulf Prod_ 6 3% 3% 3%
34 26 Tex Gulf Sul .60e__. 6 29 28% 28% — %
10% 7 Tex PaoC&O (.40).. 3 7% 7% 7% - %
11% 6% Tex Pac Ld Tr_ 2 7% 7% 7”* — %
24% 15 Thatcher Mfg .25e.. 3 17% 17 17 +1
3% 1% Thompson-Starrett. 5 2% 2 2 — %
.15% 10% Tide-Water 011 (1). 5 12 11% 11%
13% 8 Timken-Detroit _ 2 9% 9% 9% — %
48% 31% Timken Roll B .25e. 2 35% 35% 35%+ %
12% 8 Transamerlca .75... 8 9% 9% 9% — '4
7% 4 Transcontl Wn Air. 1 5% 5% 5% — %
9% 4% Transue St WUlms.. 2 6% 5% 5% — a,
4% 2% Tri-Continent _ 9 3% 3 3 — %
83 80 Tri-Conti pf (6)_ 1 80 80 80 -1%
24 16% 20th Cent Fox .50e . 2 17% 17% 17% - %
31% 25% 20th Cen-Fox pf 1 % 2 27 26% 26% — %
6 2% Twin City Rap T_ 1 3 3 3 — Vi
10% 6 Twin Coach _ 3 7% 7 7 — %
59% 41 Undwood-E-F (le). 1 47 47 47 -1
12% 7% Un Bas&Pap .12%e. 3 9% 8% 8% — %
80 57 Un Carb (1.60e) ... 45 62% 60% 61 -1
21% 17% UnOil of Cal (1.20). 5 18% 18', 18%
88% 55% Un Pacific (3e) _ 6 62% 61% 62 —1
81 66 Un Pacific pf (4)_ 1 67 67 67
27% 19%. Unit Aircraft._____ 24 22% 21% 21% — %
8% 5 Unit Air Lines_ 15 6% 6 6 — %
19% 14% Unit Biscuit (40«)_. 1 15% 15% 15%+ %
49% 39 Unit Carbon (4)_ 2 41% 40% 40% —1%
3% 2 UnitCorp__ 15 2% 2% 2% — %
32% 22% Unit Corp’n pf < 3)__ 10 26% 25 25 — 1%
7% 4% Unit Drug... . 8 5% 5% 5%
9% 4% United Dyewood_ 2 5% 5% 5% — %
35 21% Unit Eng & Fy 60e_ 1 25% 25% 25% + %
65% 50 United Fruit (3)_ 2 56 56 56 -1
11% 8% Unit Gas Imp (115 9% <»% 9% _. %
8% 4% IJ S & Foreign See.. 2 5% 5 5 — %
10 5% US Freight _ 1 7% 7% 7% — %
72 55 U S Gypsum (2)_ 4 57% 57 57 — 1%
8% 4% U S Hoffman Mach_ ] 5% 5% 5% — %
23% 13%. U S Indus Alcohol.. 1 15". 15% 15% — %
10% 6% U S Leather (A)_ 1 6% 6% 6% — %
32 21% US Pipe* Fy (2)_ 2 23% 23% 23% + •%
6% 2% U S Realty & Imp.. 1 3% 3% 3%
35% 21 US Rubber 46 24 22% 23% —1
81 45% U S Rubber 1st pf _ 30 62%. 59% 59%. -2",
71 44% 17 S Smelt & R (2e)_ 4 51 50% 50% +"' .
62% 38 I’S Steel (pew) . Ill 42 40% 41 %• - 1 %
114% 95 U S Steel pf (7)- 7 102% 101% 102 -• 1%
34% 29%. U S Tobacco _ 3 2,0% 30% 30% — %
5 3% Unit Stockyds (.50) 3 4% 4% 4%
1% % Vadsco Sales_ 1 % 1%
20% 11% Vanadium __ 4 14% 13%, jji, _ it
32% 14% Van Raalte (,50e)._ 1 16% 16% 16%—%
5% 2% Va-Caro Chemical.. 10 3% 3% 3% — %
32% 15% Va-Caro Chem pf . 2 19 18% 18' , —1%
4% 2% Va Iron Coal & Coke 30s 1% 1% 1% — %
2% 1 Wabash (r)_ 1 1% 1% 1%
4% 1% Wabash pf A (r)_ 2 2% 2% 2% — %
8% 5% Waldorf Syst .20e_ 3 7 6% 6% + %
20% 15% Walgreen (.75e)_ 1 15% 15", 15% — %
44% 30 Walker (H) (4)_ 1 36% 36% 36% + %
8% 4% Walworth Co_ 15 5% 5% 5%— %
16% 8 W ard Baking (A)_ 2 9 9 9
2 % 2 Ward Baking (B)_ 1 2% 2% 2%. — %
7% 3", Warner Bros Plct_ 9 4% 4% 4+ _ i.
4% 1% Warren Bros (r)_ 5 2% 2% 2% — %
24%. 16% Warren Fy & P (2). 2 18 18 18
29", 17 Wayne Pump (2) 1 19% 19% 19%
102% 70 West Penn El (A) 7 10s 77 77 77 +5
97% 74 West Penn El pf(6) 90s 78 76 76
121 116 West Penn P pf (7) 10s 118 118 lls
'a Westn Pacific . 2 7, ", ",
28', 16', Westn Union Teleg 5 21 20', 20', — >,
27'.. 15", Westhse Ait Br <1 > 10 19:, 19', 19',— ij
109", 6I", Westhse EI&M (le) 32 70 66’, 67 —2U
1"1 103 Westhse E&M pf le 40s 113'a 112 113'a-tl
27 20 Westvaco Chi pf 1',4 7 20", 20 20", — ",
27", 14', Wheeling Steel 2 16", 16'-, l«", _ 1.
15 12 White Dental 1.20_ 2 14 13', 14 +1'.,
13', 6', White Motor _ 4 7', 7s 7", - •*
3 l' ( White Sew Mach 1 1', 1'., p,
2111 8", White Sewing M pf. 1 IP, IP, ip, _ i,
2", I s Wilcox Oil & Gas_ 1 2', 2’, 2's + >,
3 2 Willys-Overland_ 1 2 2 2 —
6", 4", Wlllls-Over pf .60.. 1 4", 4S 4'.
5", 3 Wilson & Co _ 14 3", 3", 3s,
60', 32 Wilson pf 2.25k- 1 36', 36', 36'a-M'a
19', 10', Woodward Iron_ 4 13 12', 12', -r ',
43;, 36 Woolworth (2.40).. 8 40', 40 40", -r
2" 1P, Worthington Pomp 5 13', 13', 13',— ',
94 55'2 Wright Aero_100s 64 62", 63 —2
69 61', Wrigley (3a)_ 2 65', 64 65!, +p,
15', 84* Yellow Truck. ... 30 10", 10', 10',— i,
93 71 Yellow Tuck pf(7). 20s 78'-, 78', 78', —p,
18’, 9 S Younx Sprg&Wire.. 2 12', 12‘, 12',
43", 24 Ygstwn Sheet & T.. 16 28', 27', 28 —1
17'a 9 Zenith T.adio_ 6 11 10', 10'* —
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M- 150,000 12:00 Noon.. _ 970 000
1:00 P.M. 330,000 2:00 P.M .. 370.000 •
Total Sales for the day. 4X0.000
* Actual sales: unit ot trading 10 shares,
x Ex dividend xr Ex rights a Also extra or extras, b 1-10
share of ¥2 preference stock d 1-25 share of *:i preference
stock e Declared or paid so far this sear f Payable In stock
g Paid last year h Cash or stock k Accumulated dividend paid
or declared this year
rIn bankruptcy or receivership or being reorganized «nder
BanKruptcy Act. or securities assumed by such companies.
Rates of dividends in the foregoing table are annual dla
hursements based on the last auarterlj or semi-annual declara
tion Unless otherwise noted special or extra dividends ara not
mciuaea.
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.
NEW YORK. April 6.—The following
is today's summary of corporations
news, prepared by Standard Statistics
Co., Inc., New York:
Crowell Publishing Co.—1937 com
mon share earnings before surtax were
$3.75, against $3.90.
Seversky Aircraft Corp.—1937 deficit
after provision of $859,132 for loss
on cost to date of contracts in process
was $1,210,516, against deficit of
$70,843.
Graham-Page Motors Corp.—1937
deficit was $2,253,485. against deficit of
$470,145.
Kleinert (I. B.) Rubber Co.—1937
common share earnings were 71 cents,
against 99 cents.
Interchemical Corp.—1937 common
share earnings before surtax were
$1.51. against $3.12.
Nat.onal Investors Corp.—Net asset
value on March 31. 1938, equaled $3 99
per share, against S4.79 on December
31. 1937.
Aluminum, Ltd.—1937 common share
earnings were $11.83, against $2.51.
American Zinc, Lead & Smelting Co.
—Metaline Mining & Leasing Co., con
trolled by this company, has discon
tinued production. Low metal prices
and desire to conserve minerals’ assets
until such time as they could be pro
duced at reasonable profit were given
as reasons. Company also will close
for an indefinite period lead and zinc
oxidt piant at Hillsboro, 111., for pur
pose of reducing inventories of fin
ished stocks.
Diamond Match Co.—Company's
Barberton, Ohio, factory has been shut
down because of the sharp curtail
ment in orders and an already heavy
inventory position.
Crown Central Petroleum Corp.—
1937 common share earnings were 83
cents, against 42 cents.
American Superpower Corp.—Net
asset value on March 31, 1938, equaled
$2.49 per preference share, against
$35.12 on December 31, 1937.
Consolidated. Gas Electric Light &
Power Co. of Baltimore—Common
share earnings, 12 months ended Feb
ruary 28, were $4.56, against $4.44.
Continental Gas &’ Electric Corp.—
1937 preferred share earnings were
$23.87, against $23.03.
Parmelee Transportation Co.—1937
Intermediate Credit
Bank IV2 Debentures
Sold at a Premium
Ey the Associated Press.
NEW YORK, April 6.—Charles
R. Dunn, fiscal agent, today an
nounced the sale of $24,000,000
Federal Intermediate Credit Bank
IV2 per cent debentures, matur
ing In 6 to 12 months from April
15. The issue brought a slight
premium over par.
common share earnings were 34 cents,
against 47 cents.
Third Avenue Ry.—No interest was
paid April 1. 1938. on company's ad
justment mortgage income 5 per cent
bonds, oue 1960.
United Light & Power Co.—1937
common share earnings before surtax
were 54 cents, against 31 cents.
Risk Rubber Corp.—Company has
reopened its Chicopee Falls plant after
a two-week shutdown, re-employing
1.350 workers.
Masonite Corp.—Common share
earnings, 28 weeks ended March 12.
were 93 cents, against $1.34 in 28
weeks ended March 13, 1937.
Wood. Gar, Industries, Inc.—1937
common share earnings before surtax
were 65 cents, against $1.25.
Stromberg-Carlson Telephone Mfg.
Co.—1937 common share earnings be
fore 51 cents, against 63 cents.
Walker. Hiram, Gooderham &
Worts, Ltd.—Common share earnings,
six months ended February 28, were
$5.10, against $4.59.
National Rubber Machinery Co.—
Judge Hunsicker, Akron, Ohio, dis
solved a temporary injunction against
annual meeting. Injunction had been
obtained by P. A. Frank, who charged
working capital was being dissipated. 1
Kroger Grocery <fc Baking Co.—1
Sales, four weeks ended March 26,
were off 9.4 per cent; 12 weeks off
7.6 per cent.
Melville Shoe Gorp.—Declared 871 i
cents common dividend, payable May
2 to holders of record April 15. On
February 1, 1938, a dividend of $1 was
paid.
Neisner Bros., Inc.—March sales
were off 23.4 per cent; three months
off 12.8 per cent.
Alton R. R.—February net loss was
$199,821, against net loss of $8,459
in February, 1937. In two months net
lass was $365,118, against net income
of $16,752.
Chicago, Indianapolis & Louisville
Ry.—February net loss was $271,195,
against net loss of $65,162 in Feb
ruary, 1737. In two months net loss
was $519,794, against net loss of
$198,541.
Chicago, Rock Island & Pacific Ry.—
President said that a new plan of
reorganization for the company will
be presented to I. C. C. by bondholders’
representatives prior 'to June 28, 1938.
Eastern Steamship Lines, Inc.—Feb
ruary net loss before Federal taxes
was $175,677 against net loss of $131,
016. In 12 months net loss was
$330,404 against net lass of $288,835.
Pepperell Mfg. Co.—Company has
lowered prices of several of its sheets
and pillowcase lines by about 8',» per
cent.
New York Telephone Co.—Net sta
tion gain in March totaled 2,602
against 13,961 in March, 1937. In
three months net station gain was
7,604 against 38,172.
Consumers Power Co.—Union em
ployes ended their three-day seizure
of power facilities of this company in
Saginaw Valley upon agreement to
extend their recently expired union
agreement until August, 1938.
Remington - Rand, Inc.—Company
has shut down its plant at Middle
town, Conn., for one week.
ELECTRICITY OUTPUT
INCREASES IN WEEK
Production 0.2 Per Cent Above
Previous Period, but 7.8 Per
Cent Under Last Year.
Ey (he Associated Press.
NEW YORK, April R.—Electric
power production in the United States
for the week ended April 2 rase 0.2 of
1 per cent to 1.978.753.000 kilowatt
hours from 1.975,239,000 in the pre
ceding week, but was 7.8 per cent
under 2.146.959.000 kilowatt hours in
the comparable 1937 week, the Edison
Electric Institute reported today.
The advance was less than season
ally expected and the Associated Press
index of power production, with 1929
30 taken as 100. fell to the lowest level
since March. 1936, at 104.4. The
index, which is adjusted for seasonal
and long-term trend, stood at 105.2
the preceding week and 117.8 a year
ago.
The range of recent years follows:
mas. mar. loan. mas. mat
Hieh . Ill.8 l-:.v: lies 1115.5 014
Low 104.4 ni.8 1 <>•;.!> oil nisi
The institute reported the following
percentage declines from a year ago—
with the exception of a gain of 0.5 of 1
per cent in Middle Atlantic States—
according to major geographic areas:
New'England. 12.2: Central Industrial,
15.2: West Central, 1.7: Southern
States, 4.7; Rocky Mountain, 23, and
Pacific Coast, 2.2.
•. •
TAX BOARD UPHELD
IN VALUATION CASE
U. S. Circuit Court of Appeals
Backs Determination on Basis
of ‘Realties.’
Fy the Associated Press.
RICHMOND. Va., April 6. —The
United States Circuit Court of Appeals
yesterday affirmed the findings of the
United States Board of Tax Appeals
in the board's determination of the
value of a net estate on the basis of
"realties" rather than "upon consid
eration of abstract logic.”
The court held that the Board of
Tax Appeals was right in using its
judgment , in estimating the value of
shares belonging to the estate of Henry
Walters of Baltimore, instead of using
a "cut and dried formula” in disre
gard of declining market prices taking
place since the death of Mr. Walters.
The case, Guy T. Helvering, commis
sioner of internal revenue, versus the
Safe Deposit & Trust Co. of Baltimore,
executor of the will of Henry Walters,
came before the court on petition to
review the decision of the Board of
Tax Appeals.
RAILS’ EMPLOYES DECLINE.
Class 1 steam railways employed
927,308 persons in March, a decrease
of 12,355 from February, 1938, and a
decrease of 173,695 from March, 1937.
STOCKS SELL OFF •
List Levels Off Into Slow,
Uncertain Drift—A. T. & T.
Declines Four Points.
Stock Averages
30 15 15 60
Indust. Rails. Util. Sties.
Net change. —.9 —.4 —.4 —.7
Today, noon 52 9 14.0 27.7 36 7
Prev. day... 53 8 14.4 28 1 37.4
Month ago. 63.2 17.9 30.4 43 4
Year ago... 92 8 43 9 45.7 68.7
1938 high... 68.2 21.6 34.9 47 9
1938 low_ 49.2 12.1 24 9 33.7
1937 high_101.6 49.5 54.0 75.3
1937 low_ 57.7 19.0 31.6 41.7'1
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
(Compiled by the Associated Press.)
By VICTOR EUBANK,
Associated Press Financial Wri'er.
NEW YORK. April 6—Stocks
dropped as much as 3 or 4 points today I
as a rajly played out. then leveled off
into a slow, uncertain drift. *
Leading shares were close to the
day’s lows when the final hour ap
proached, but only a minor part of the
gains scored on the preceding four
day recovery were eliminated in the
forpnoon setback.
Transactions were at the rate of
about 600,000 shares for the full ses
sion.
Deprived of active general covering
of short positions, a big force behind
the rally from the 1938 lows touched
last week, the market yielded easily
to small offerings.
American Telephone—Lifted about
15 points on a rush of buying from
Bears who had been selling it short
before the one-man report of the Fed- .
eral inquiry into the Bell System was
published last week—quickly dropped
about 4 points of the gains, then re
covered a little.
Also conspicuous in the setback, as
they had been on the rally, were
United States Steel, Bethlehem. Inter
national Nickel, Du Pont, West:re
house Electric, Chrysler, New York
Central. Anaconda Copper, Johns
Manville, Air Reduction, Union Car
bide. Eastman Kodak. Great Northern
preferred, Cerro de Pasco. American
Smelting and United States Rubber,
Reaction spread to the bond marks',
particularly secondary rails which h<nfc
led the recovery there, and to leadina
staples. Selling was not heavy, how
ever.
Before Wall Street started dealings,
traders found a selling cue in a down
turn in international issues in London.
While business news offered little
cheer, brokers looked chiefly to tech
nical conditions of the market for ex
planation of the reversal. The rally, 4
it was pointed out. invited profit taking
and at the same time had exhausted a
good deal of support coming from
shorts.
Offerings of rails seemed to have
been motivated partly by disappoint
ment over waning prospects for legis
lation to help the carriers at this ses
sion of Congress and White House op
position to subsidies for ailing roads.
But generally there was a disposition
to withhold final judgment pending
the appearance of President Roose
velt's message on the rail situation.
Fast-moving events in the Spanish
war and the French political crisis
held great interest for the financial
community without affording clear
cut incentive for either buyers or
sellers. The early April rally from
the March decline was credited by
some analysts partly to expectations
the Spanish conflict would end soon
and remove one of the chief irritants
from European relations.
Wide losses in chain store sales last
month compared with last year were
reported by some of the big systems.
In part this was accounted for by -
the fact Easter trade was included in
the 1937 figures. At the same time
trade authorities saw them as con
firmation of other indications of ad
verse effects of unemployment and a
slump in national income.
CHICAGO GRAIN
By i h'. A ociated Press.
CHICAGO. April 6 (TP).—
Stop-loss selling on the part of hold
ers of futures tumbled the Chicago
wheat market down today to three'
year fresh low price records.
Downturns of securities acted as a
decided incentive to let go of wheat
futures. Lack of any important export
business in North American wheat to
day counted also as a spur to sellers.
With something of a : v at the
last, Chicago wheat future. . ^d un
changed to 5a lower than yesterday;
May. 84*4-38; July. 79-79’»; corn un
changed to higher. May. 59\-"B;
July. 6118-14. and oats. ]s off to up.
Cash drain.
Cash wheat No A hare! ~,s: corn No. 'A
mixed. No. yellow dn-dnU No ‘A
white 57 *^: oats. No. 1 white
No. 4. barley, feed 4*’-55. nom .
maltinc t»s-jKi nom soy beans. No. C ye
low. J»1 timothy seed. : 5'mi: red
clover. ;{\I.ou-;i7.no; sweet, clover. iu.OO-oO.
Futures Table.
WHEAT— Open Huh. Low. Close.
May >l*» >•.’14 >ii% ,sp4
July . . t s *%» . ;v„ :<*
Sept. - Xl .80*8 .rou ,797*
CORN—
May . . ... ,5<i»« JM»»« .SB** .SB*.
Jit!y .til .HI1 * .ho3, .tip,
SeOATE— * •HP-' -81'" -,U1*
May . _ .271, .573, .27- .271a
July .26', .26', .25’, .26',
SePt .26’, .26’, .2M3, .26'/"
SOY BEANS—
May _ .06', .06', .02', .02',
July - .OH.OH', .on'. O'",
October _ .00 .00 67'. S7',
RYE— ..
May -..50 .50', .57', .58,
Jul* - .56', .58'3 .571,
SePLARD-- •5K'" -5S'* "W» •
Mav __ 8.07 8.HO 8.07 8 "5
July 8,HO 8.50 8 HO 8 47
Sept. - 8.57 8.70 8.52 8 67
October 8.60 8.72 8.55 8 7-’
BELLIES— .
Mav - — _ in 65
July -- . --_ - 10.80
Baltimore Wheat.
BALTIMORE. April 6 Wheat. Nn
2 red winter, garlicky, spot, domestifc. 87'«
NEW YORK COTTON
NEW YORK. April 6 (JP).—Cotton
eased moderately early today under
additional Liverpool and Bombay sell
ing, but later turned dull with price
changes narrow and irregular.
July recovered from 8.55 to 8.58 and .
was selling at 8 57 in midafternoon,
when the list was 1 to 4 points net
lower.
New Orleans Cotton.
NEW ORLEANS. April (I i/P).—Cotton
prices were slightly lower todav In quiet
trading due to local liquidation and some
foreign selling.
In the afternoon May sold at 8 87. Julv
at R.To. October at s.Tn and December «t
8.78. or 1 to H points under the previoua
close.
Exports today were 27.265 bales.
Cottonseed oil opened steady: Max.
7.5.1b; July 7.5nb: September, 7.48b Oc
tober, 7.40b. b Bid.
---. j
Green (H. L.) Co.—March sales
were off 22.2 per cent; two months off
17.8 per cent.

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