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Evening star. [volume] (Washington, D.C.) 1854-1972, April 07, 1938, Image 19

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-04-07/ed-1/seq-19/

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Selling Orders Predominate,
With Oils and Metals
Under Pressure.
Brthe Associated Press.
NEW YORK. April 7—Selling or
ders predominated in an irregular curb
market today. Oil and metal shares
were under mild pressure, while fair
gains were registered in some special
ties.
Down >2 to a point or more near tne
final hour were Aluminum Co,, Inter
national Petroleum. Lake Shore. New
Jersey Zinc and American'Gas & Elec
tric. Pepperell Manufacturing and
Singer Manufacturing were off 2 or
more on odd-lot sales.
Gainers of fractions to around a
point were Sherwin-Williams, United
Shipyards "A" and Pioneer Gold. Bell
Telephone bounced 6 on small turn
over,
...•-—
WALGREEN DRUG SALES
RISE ABOVE YEAR AGO
By t :v Associated Press.
CHICAGO. April 7.—The Walgreen
Drug Cc. reported sales amounting
to $16,369,020 for the first three
months of 1938, compared with $16,
150,746 for the first quarter of 1937,.
an increase of 1.4 per cent,
CURB BONDS
DOMESTIC BONDS.
High. Low Noon.
Am G A E 5s 2028 loti1, lot?', 100’,
Am P A L 6s 2016 ... 62P 62'.- 62’a
Ark-La Gas 4s 51 - . oo'a no'. Hop
Ark PAL 5s 50 _ S7'a 87P 871 a
As El Ind 4ps 53_ 33'a 33'a 33'a
As G A E 5s 08 _ 25 25 25
As G A E S'aS i C _ So 80 80
Bell Tel C 5s 55 A . Hop llo’, 110',
Bell Tel C 5s 57 B IIS', US', 118',
Can No Pw 5s 53 A 102’, 102’, 102’,
Cities Svc 5s 50 . _ 51', 51', 51',
Cities Sic 5s OH 51’, 51 51
Cit S PAL 5ps 53 48 p is ’ a 4 8' a
Con GSLAP 3',s 11 104', 104's 104',
Cent G A E 5s 58 A Of a 0!"a Ufa
Cudahy Pke 3’,s 05 HP, op, HP,
De- El Pw 5‘aS 5H 99 9 s HH
Detroit C G Os 4 1 A loo loo lo-i
East G A F 4s 56 A .11 Hi5, 70",
Emo OAR 5ps 42 10'., 15', 75',
Erie Lish' 5s 07 lot lo3'» 103',
Fed Wat, 5ps 5t til P op, 01’,
Gatineau Pw 5s 50 ]"7', M2', 102’,
Georgia Pw 5s til so 79P so
Georeia P A- L 5s 7s 5P, 51’, 5P,
Grand Tr We 4s 5" S5 85 S5
HI Pw A L 5'as 54 B S3', so’, s:i’,
Indian El C Os 41 A Ml 1"4 M4
Inoiana Ser 5s 5o 5" 5o 5"
Iowa Pub Si 5s 51 HOP HHp HOP
Jer C PAL 5s 47 B M3', M3', M3’,
Jer C PAL 4 Ps 0! c 99p HOP 9!" a
Ky Utilities 5s til 07 6 7 67
Kentucky U 5s 09 I 67P 67 P 07'.a
Lehigh ? S Os 2030 A s« n ss
Libby McNAL 5s 42 M3 M3 M3
La Pw A Lt 5s 57 100’, loo’, loo’,
Memph PAL 5s 48 A 7 9’, 79’, 7 9’,
Mil GAE 4 ' as 67 93 p 93 p 1'3'a
Nat P A L 6s 2030 A 65p 65P 05' a
Neb Pwr Os 2923 A 111 111 111
NY PAL 4' as 07 105' ■ 1115'j M5'a
No Con U 5'as 48 A 33 33 33
Nor Sts Pwr 3'as 07 97s, 97s, 97s,
Ogden O Co 5s 45 1"4 p M4P 104'-2
Ohio Pwr 4Ps 50 D M4P iotp io4’ -
Okla N G IPs 51 A 97P 97P 97P
Pac G A E Os 41 B 75 75 75
Pac Invest 5s 4 8 A 85 S4P S4',a
Pac P A L fts 55 57 57 57
Penn Wa A P 5s 40 106’, 100’, 106’.,
Pied El G'as 00 A 55 55 55
Portland G A- C 5s 40 50 5n 5o
Potomac E 5s 50 E loti1- lot; loop
Pub S N I 4 Ps so E lo:t’a i".i loop
Pub Sd P A L 5Ps 49 03 63 03
Pus S PAL 4'as 50 D 57 56’, 5,
San An PAS 5s 5S B 104’, 1"4’, 1"(’,
8cnpps 5'aS 43 97 97 97
S E PAL 6s 2025 A 7 7'. 76 7 7 P
Sou Ca! Ed 3’,s 45 103' a 103‘i 103'a
Sou Cal Ed 3’,s 0" 103’, 103’, 103’,
Sou Cai E 3’,s 00 B 104 103’, 103’,
Sou Cal E 4s 00 107 p IOTP 107'a
Souw Pb Svc Os 45 A 95 95 95
St arret Corp 5s 50 25 24’, ”5
Super of 11 4'as 68_1"4 104 104
Texas Elec 5s OP 85 84’, 85
Tex Pw A L 5s 50 90’, 90'/, 90',
Twin C R T S'aS 52 A 51’, 52’, 51’,
Unit El N J 4s 49 112’, 112’, 112’,
Va Pub S 5’as 40 A 80 80 80
Wash WAP 5s 00 101 101 101
West T Ut 5s 57 A 80 80 SO
* FOREIGN BONDS
Bad Con M 7s 52 20’, 20'a °0’, 1
Borg M B 7s 47 M A N 22'a 22'a 22'a
Bogot M B 7s 47 A-O 22'- 22'a I
Col Agr M B 7s 47 22’, 22’,
Denn Mt B 5s 72 tx 98 98 98 |
Mans M A S 7s 41 24', 34’, ”4',
Unit Ind Corp Os 45 26 20 26 I
wwWith warrants.
xwWithout warrants.
nNew. stistmstamped.
*Negotiability impaired by maturity.
'Companies reported in receivership.
-- i
Washington Exchange

SALES.
AFTER CALL.
Washington Gas Light pfd.—5 at 99.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
. „ Bid. Asked.
Anacostia & Pot 5s _ 55 65
Ana. & Pot Guar 5s 1(17
CAP Tel of Va 5s _ 106
Capital Traction R. R. 6s 60 64
City A Suburan 5* 56 65
Georgetown Gar i st 5s 1I2'2 115
Por Elec Pow 3‘4s __ 104'.a loO'i
wash Gas 5s 1056 . _ ion 10434
wash Gas os 1060__ 115
wash Rwy A Elec 4s .... lOB'a 107Va
MISCELLANEOUS
Chevy Chase Club 1st 4>4s 104
Col. Country Club 1st 4‘4s 103 1111
STOCKS.
PUBLIC UTILITY
Amer Tel A- Tel < 0) *1°43«
Capital Traiiso co O'- 6
N A W Steamboat < 5> 5,> ' SO
Pot Elec Pw ii"e pm (6i U3
Pot Elec Pw 5>,c, pfd (5 50) 112',
wash Gas Lt new tl.20) °I) »»
wash Gas pfd (4.50i 08 ldo
wash Ry A El com (g36) 585
Wash Ry A El pfd (5) llO’a
BANK AND TRUST COMPANY
Amer Sec A Tr Co (eSi *238 "50
Bank of Bethesda (.75) 35 35
Capital (41 135 140
Commerce A Savings (elO> 230
Liberty (S' 150 160 ~
Lincoln (I5i 175 "in
Natl Sav A Tr 215 240
Pr Oeorees Bk A Tr (.60) 17 25
Riggs (eS I . *264 300
Riggs pfd (5) 101
Washington (6) 125
Wash Loan A Trust (eSi 225 250
PIRN INSURANCE.
American (6> 115
Firemen 5 < 1.20) 28
National Union (.75) 13<*
TITLE INSURANCE
Columbia (k30i 12
Real Estate im6) Ifio 200 "
MISCELLANEOUS
Camel Corn (72 00) 20>4 •,ni/
Lanston Monotype (4' 55 7"
Lincoln Serv com (hi.00) 17 21
Lincoln Serv pfd (3.50' 50
Mergenthaler Lino (2.00) 21 23
Peoples Dr Str com i + l .OO) 21 26
Peoples Dr Str pfd (6.501 no 114
Real Est M At G pfd (.60) 43« 5V.
Security Storage <5> *1033,i 125
Ter Ref & Wh Corp (3) 05 80
Wdwd A- Loth com (41.50) 51 >4 53
Wdwd & Loth pfd (7) 112
• Ex dividend
b Books closed
4 Plus extras e 2% extra 1 214% extra.
It .5c extra. g$l4 extra paid November 30.
1837 k 30c extra m S3 extra.
CHICAGO PRODUCE.
CHICAGO. April 7 OP).—Poultry, live.
1 car. 14 trucks. Hens about steady; chick
ens firm. Hens, over 5 lbs.. 201j: 5 lbs.
and under. 23: other prices unchanged.
Rutter. 586,428: weak Creamery, spe
eals (03 score). 28V«->4: extras (92). 28:
extra firsts (90-91). 263<-27,i: firsts (88
89). 22-24'j other prices unchanged.
Eggs. 39.457: unsettled. Fresh-graded
firsts, -ars- 17l»; other prices unchanged
Potatoes. 68: on track. 221: total U. S.
shipments. 892: old stock. Western stock,
firm demand, fairly good: Northern, steady,
demand light, supplies moderate: sacked.
8er ewt.. Idaho Russet Burbanks. U. S.
b. 1. 1.65-75: Washington Russet Bur
banks combination grade. 1 15-50: Colo
rado. Red McClures. U. S. No. 1. 1.70:
Minnesota cobblers. 90 per cent U. S. No.
1. 1.15 early Ohios. U. S Commercials.
1.10: Wisconsin, round whites. U. S. Com
mercials. 95; new stock, best about steady,
supplies moderate, demand moderate: 50
pound sacks. Texas Bliss Triumnhs. U. S.
No. 1. cotton sacks. 1.50: burlan sacks.
1.40-50: fair quality. 1.30-35: U. S. No.
1. Size B. 1.20-25: fair quality. 1 10.
RUBBER FUTURES.
NEW YORK. April 7 (4>..—Crude rubber
future* opened 11 to 22 higher. May
July. 11.48-11.48. September.
11.61. b—Bid.
> -
NEW YORK CURB MARKET
Bt private wire dirert to The Star.
Stock and Sales—
Dividend Rate Add 00. High. Low. Close.
Aero Supply (B). 1 3V« 3% 3%
Ainsworth Mfg.. 16 6 6
Air Invest _ 3 111
Alum Co Am_150s 69% 69 69
Alum Ltd _100s 79% 79% 79%
Am Cyn B 60_ 11 19 18% 18%
Am Gas&El 1.40.. 11 21 21 21
Am G & E pf (6). 60s 107% 107% 107%
Am Gen . 1 2% 2% 2%
Am Lt & Tr .6Ce._ 1 11 11 11
Am Maracaibo 2 % % %
Am Meter(.SOe) . 4 17 16% 17
Am Republic 40g 3 6% 6% 6%
Am Sup Power 2 ft % %
Am Thrd pf (%). 1 3% 3% 3%
Anch Post F_ 1 1% 1% 1%
Apex Elec _ 1 7*« 7% 7',
Ark Nat Gas _ 5 2% 2% 2%
Ark Nat Gas A.1 2% 2% 2%
AshldO&R 40 ._ 2 3% 3% 3%
As G & El A _ 15 », % %
As G & El pf ... 1 4% 4% 4i,
AtlasCorpwar 3 fj| ft)
Atlas Plyw'd L'.ie 1 8% 8% 8%
Auto Vnt Mcll .50 1 7 7 7
Ax ton Fish A 60s 17% 15% 17%
Babcock & W 25e 125s 71 70 71
Baldwin Lo war 4 2% 2% 2%
Baldwin Rubber. 2 5% 5% 5%
Barium Stain Stl 54 1% 1 1
Bell Aire . 2 9% 9% 9%
Bell Tel Can (8). 110s 153 152 152
Berk&Gay Furn. 6 % % %
Berk&Gay war—. 6 % % %
Bliss (EWI ... 2 5% 5% 5%
Bliss & Laugh_100s 14% 14 14
Blumentha! <S)_. 1 4% 4% 4%
Bourjois. Inc_ 1 2% 2% 2%
Breeze Corp _ 4 4% 4 4
Brewster Aero ._ 1 3% 3% 3%
Bridgep't Mach . 1 6% 6% 6%
Brill B _. I 1% 1% 1%
Brill pf . 50s 15 15 15
Brillo Mfg (.80) 1 7% 7% 7%
Brown Co pf 50s 16% 16% 16% I
Brn F&W A (2) . 2 18% 16% 18% j
Brown Rubber _. 1 2% 2% 2'%
BN&EP 1 pf ( 5) . 50s 90 90 90
Bunker Hill &S 2 11% 11'% 11%
Burma Ltd !07g 2 2% 2% 2% j
Can Marc Wire 3 1% 1% 1%
i Carrier Corn 1 18% 18'.- 18% i
Celluloid pf 125s 18 17% 18 1
Cen H G&E (.80) . 2 10% 10% 10%
1 Cen NY Pwr pf 5 30s 76% 76 76
Cen St El 5 % % %
Cen St El 7% pf 25s 9 9 9
Centrif Pipe (.40) l 3% 3% 3%
Chief Cons _ 1 % % %
Childs pf _175s 23% 22% 22%
Cities Service ... 34 1% 1 It,
Cities Svc pf B... 1 2% 2% 2%
Claude Neon Lt_. 2 1% 1% 1%
Colon Develop . 3 2 2 2
Colon Devi cv pf. 14 4 4
Col Fuel&Ir war 1 3% .2% 3%
Colts Pat A..'Hie 1 48%. 48%. 48%
Colum Oil & Gas 9 3 3 3 |
Comwlth Dis ,10g 1 % % •% !
Com wit h & So wr 6 3, %
Con Cop M 12%e 10 4% 4% 4%
Cons Min&Sm la 300s 50% 50'! 50% i
Cons Royaltt 20 2 1 % 1% 1%
Cons Steel Corp . 13 3 3
Cont Roll & Ktl . 15 5 5
Corroon & Key ..12 2 2
Cosden Petro . 14 1% 1% 1%
Creole Pet* 50a 14 18% 17% 1«%
Crocker Wheeler 2 5 5 5
Croft Brewing 5 % % %
Crwn CrklntAfl) 1 8% 8% 8%
Crown D pf 1.75 25s 16 16 16
Dejay Stores .40. 1 4 4 4
Derby Oil . 6 2% 2% 2%
Eagle Pit Ld .10e 3 8% 8 8 I
E G&F 6 pf 1.60k 50s 24 24 24
Edis Br Strs (1) 5 10% 10% 10% I
El Bond & Sh . 24 5% 5% 5%
El Pow Asso 2 2% 2% 2%
ElPowAsso(A) 1 2% 2% 2%:
Emp Dst El pf 3g 100s 49% 49% 49%
Emp G&F 7%, pf 50s 39 39 39
Emp G&F 8% pf 50s 40%. 40%. 40%
Emsco D&Eq (1 ) 1 7 7 7 !
Equity Corp 3 % % s,
Evans Wallo 20 % % %
Evans Wallow pf 50s 4%. 4%. 4'..
Ex-Celi-O t.20e> 2 9 9 9
Fairchild Av_ 5 2% 2% 2%
Falstaff Brew.__. 1 7*4 7% 7%
Fisa Rubber _ 1 5 5 5
Fisk R pf (6)_ 75s 56% 54% 54%
Ford M Can A(l) 1 15% 15% 15%
Ford M Can Bfl) 25s 161, 16% 16'*
Ford M Ltd 213g 6 4% 4% 4%
Fruehf Trail_ 16 6 6
t-ren Alloys_ 1 14 14 14
Gen Invest _ 14 4 4
Gen Invest pf_ 1 41 41 41
Georg Pow pf(6). 25a 624 624 624
Glen Alden ,125e_ 1 44 44 44
Grand Nat Films 8 a, a, a,
Gd Rap Var 125e 1 54 54 64
Great A&P nv le 226a 39 38 39
Gulf Oil (.25e) 6 344 344 344
Hartf Rayon vtc. 1 14 u, 14
Hecla Mining.loe 5 74 74 74.
Hewitt Rub (1) 1 74 74 74
Horn&Hardt 1.20 100a 22 214 214 '
HumbOII 374e 5 584 574 574.!
Hummel Ross F 5 34 34 34
H.vgrade Food 2 14 14 14 I
111 loiva Pow pf 2 13 13 13
Illinois Zinc 100s 74 74 74
Imp Oil Tan 50a 15 15', 154 154 1
InsCN Am (2a 1 450s 514. 514 514 [
Inti Pa&Pw war 2 1',. 14 14
Inti Pet (lHai 23 254 244 244
Int Pet reg 14a . 1 24 4 24 4 244
Int Prod - 1 31, ;?t, 34 :
Int Radio_ 1 64 04 64
Int Util B _ 2 4 4 4
Inti Vitam .50 _ 1 34 34 34
Interst H Eq 44 1 34 34 34
Inters Pw Del pf 20s 3 3 3
Jacobs Co 4 44 44 44
Jer C P&Lpf 6.50 25a 524 524 524
Kennedy’s ... 2 54 64 54
Kingsbury Brew_ 2 4 4 4
KgsCLtd pfDI5). 10s 22 22 22
Kingston Prod 3 24 2 24
Koppers Co pf (6) 50s 974 974 974
Lake Shore M(4) 8 50 494 4914
Leh C & Nav ,30_. J 34 34 34
Leonard Oil_ 12 ft 4 a.
Lion Oil (1)_ 3 204 19 19
Lit Brothers_ 2 14 14 14
Lockheed Atrc_ 4 64 64 64
Long Island Lt 1 14 14 14
La Land & E* .40 10 74 64 64
Lynch Corp 50e 100s 26 2fi 26
McWtlms Dredg 19 9 9
Mangel Stores .. 2 1% 1%
Massey Harris . 2 .6 5 5
Mead John (3a) 25s 9071 90'1 90%
Met T pt pf 3 % a 30s 25 25 25
Metro Ed pf(6) 25s 75 75 75
Mich Gas & Oil 2 27a 271 27«
Mid St Pet B vtc 4 % % %
MidOilconvpf _ 50s 4 4 4
Molybdenum Stl. 3 471 474 414
Mount City Cop.. 2 5% 5 5
Mount Pfod 60._ 15 5 5
Nat Auto Fibre.. 2 4 374 4
Nat Bellas Hess.. 2 % *1 %
Nat Contain (1).. 2 6t* fit, 6%
Nat Service ... 3 ^
Nat Sug Ref (2).. 7 12% 127* 12%
Nat Tunnel & M.. 2 1% 1% 1%
Nat Union Rad... 1 % % \3
Neptune Met A . 2 5 5 5
N EngT&rT 1.50e 10s 87 87 87
N J Zinc < 50e) 350s 48% 47 47%
NY Wat Ser pf 10s 12 12 12
Niag Hudson Pow 18 6% 5% 574
Niag Sh (Md) B 1 471 471 474
Niles-Bem D0e . 4 27% 2774 27%
Noma Elec 40e_ 1 3'4 371 314
Nor Am Lt&P_ 12 1 11
Nor Europ Oil_ 5 74 74 74
Okla Nat Gas_ 17 7 7
Oldetyme Dlst . 3 174 1V4 174
PG&E 1st pf 1.50. 4 28% 2874 2871
Pac P S 1st 1.30_. 1 1574 15% 1571
Pantepec Oil 36 5V, 474 47*
Penin Tel (1.60). 100s 22 22 22
Pennroad .26g 1 174 174 174
Penn Sglt 1.25e 60s 122 122 122
Pepperell Mfg Co 50s 5414 54% 54%
PharisT&R _ 1 ST* 3% 374
Phillips Packing. 2 3 3 3
Phoenix Secur_ 1 174 174 174
Pioneer Gld 40 ..2 3 3 8
Pltney-Bow 10e. 3 671 674 674
Pitts Forg 3 5 5 5
P&LE6.76g 100s 40 3 9 74 3 9 74
Pitts Plate G 26a 1 6074 60% 6074
Powdrell & Alex 1 3 3 3
P S lnd $6 pf 80s 15% 15 15%
P S Ind |7 pr pf 30s 25 25 25
Reed Ko Bit 80a 1 22% 221s 22%
Reynolds Inv 6 % 74 74
Richmond Rad . 2 1% 1% 1%
Root Petroleum 2 2 2 2
Russeks F A 50 2 4% 4% 4%
Rustless 1 & S . 16 6 6
Ryan Consol_ 10 274 271 274
St Keels Pap 16 274 2% 2%
Seemn Bros 2.50. 1 31 31 31
Segal Lock 4 % % %
Seton Leather_ 1 4T4 4% 4%
Seversky Alrc 2 174 1% 1%
Sherwln W11K4) 250s #71% 71% 71%
Simplicity Pat ..13 3 3
Singer Mfg (6a). 60s 215 215 216
Soss.Mfg.60a- 4 3% 3% 8%
i >,
Stock and Sales—
Dividend Rate. Add 00. High. Low. Close
S C Ed B pf 1.60. 2 25% 25% 25%
Sou Un Gas _ 1 2% 2% 2%
Stand Dredge .. 2 2 2 2
Std Died pf 1.60.. 60s 11 11 11
StOllKy(l) .. A 16% 16% 16%
StndOll of OU)_ 1 17% 17% 17%
St Pow & Lt ... 1 « H H
Stand Products.. 1 4% 4% 4%
Starrett Cor vtc . 16 5% 5 6%
Sterl Alum 1.20g. 1 4% 4% 4%
Taggart .. 1 3% 3% 3%
Tampa El (2.24). 2 27% 27 27
TechHghs.20e_ 3 4% 4% 4%
Toxon Oil 30*_ 10 3% 3% 3%
Thew Shovel _ 60s 7% 7% 7%
Tob Pro Ex ,275g 1 2% 2% 2%
Tung-Sol Lamp . 1 2% 2% 2%
United Alrc war 8 5% 6'i 5%
UtdCgrWhStra 16 % % %
Unit Gas _ 11 3% 3% 3%
Unit Gas war ... 2 % % %
Unit Gas pf (7) . 1 77 77 77
Unit Lt &• Pow A 7 2 2 2
Unit Lt & Pw B 8 1% 1% p,
Unit l.l & P cv pf 2 16% 16 16
Unit Shipyds A 88 7% 6% 7%
Unit Shipyds B 6 1% pi, 1%
Unit Shoe M 2%a 25s 58 58 58
US Foil (B) 3 4% 4% 4%
US&l Sec pf 1.25k 50s 44% 44% 44%
U S Rub Heel .. 2 1% 1% 1%
Unit Verde Ext.. 1 1% 1% la*
UnivCorpvtc ... 1 2% 2% 2%
Util Pw& Lt (r). 1 ft & ft
Util P & L pf (r). 50a 9 9 9
Voght Mfg ,20e._ 16 6 6
Waitt & Bond A.. 16 6 6
West Air Exp ..13 3 3
Willms Oll-O-M- 7 2% 2% 2%
Wil-low Cafe(r). 2 % % %
Wil L Caf pf (r). 3 % % %
Wright Harg 40a 2 7% 6% 6%
r In oanxruptcy or receivership or acini
reorganlied under the Bankruptcy Act or
securities assumed t>v such companies
Rates ot dividends in the fortgoing tame
are annual disbursements baaed on tha
.ast Quarterly or semi-annual declaration
unless otherwise notea snecial or extra
dividends ere not Included
a AIsc extra oi extras r Declared or
paio so far this vear no regular rata
i Payable in stock a Paid las! year
h Cash oi stock k Accumulated dividend
paid or declared this year ww With war
rants xw Without warrants war War
-ants
•--- a-...... i -
INVESTING COMPANIES
NEW YORK. April T (/Pi.—Investment
Bankers Conference. Inc.:
iNoon quotations.)
. . _. _ Bid. Asked.
Admin Fd 2d Inc. __ 9.35 o.ofi
Am Bus Shrs _ 2*5 3 115
Am Gen Eo Inc. _ 54 HI
Am Ins Stocks __ 375 4 110
Bancamer Blair 31)11 4 ihi
Bankers Nat Inv Corp 1 H.i 2 15
Basic Industry •' 55
Boston Fund Inc 12 7g 1:135
Broad Si Inv __ 10,Rl 21.10
Bullock Fund __ 10511 lit|"5
Corporate Trust A A | 7S
Cotu Tr A A mod 2 DO
C oru Tr Accuiv Ser I 7s
Corp Tr Acc Mod •' on
Cumulative Tr Sli :i rr
Depos B Sh N Y A" ! 30
repos Ins Shrs “A" - 30
Hippos In Sflirs • B"
Diversified Ti C * g-,
Dividend Shrs __ i on 1 00
Equity Ccrp $3 pf '7 "" 00 -5
Fidelity Fund Ine 15 35 10 53
Firs: Boston Corp _ jog;-, i
Fiscal Fund Bk 8h" -’ Hi
Fiscal Fund ms •>•73 3 0,,
Fixed Trust Sh A 713
Fixed Trust Sh B 5 54
Foreign Bond Assoc 5 x7 r ;ifi
Founa Tr Sli A .3 3 45
Fund Investors Inc J 1- 9; 14 03
Fund Tr Shrs A " 3>• j - g
Fund Tr Shrs B ” 3 45 *
Gen Caplra! Corp 05 ”- ir
gen Investors Tr “3 75 '4 og
Group Sec Agriculture ni 1 on
group Sec Automobile . >0 1 07
Group Hrc Building 0.5 1 7,7
group Sec Chemical on j /'*,
Group Sec Food " ‘hr -?
Group Sec Invest Shrs .54 «li
group Sec Merchandise '75 go
group Sec Mining 71 7i- 1 no
group See Petroleum 00 *00
5™'"’ t'*'* R egdip 7 :.5r ro
Group S*c Steel R7 Sr
group See Tobacco ' Re 05
Huron Holding ‘' !n -?
Incnrp Investors 14 4R ig'i
Inst, per Bank Group on t in
Inst] Sec: Insurance . 1 05 1 tr
Investors Fi "C" Ine ' - r'r «
Key hone Custodn B 7 7 7 17RR jq'sr
Keystone Custodn B .3 11 r.3 «-i
Keystone Custodn K 1 " jt *sr i.VrJ
Keystone Custodn K 2 7*3H R hr
Keystone Sustodn S ■' In 0" 11 05
Keystone Custodn S 4 _ 3.54 37,0
Mator Shrs Coro _ 1 R7 5
Maryland Fund _ 4 ho 5 07
Mass Invest Tr _ IR.55 17:.3R !
Mutual Invest _ r 7r o 5g j
Nation Wide Pee 3 2*37 " 4*
Nation Wide Voting 7 ~ OS J no
Natl Investors ... 4.25 451
New England Fund .... 9 0*7 10*7'’
N Y Stocks. Bk Stocks _ 7.14 7*73
2 2; §,0CS' B!d£ Supply _ 5.87 R 10
2 2> El'1' Equip 5.R2 R.in
N Y Stocks. Insurance 7.30 R 00
N Y Stocks Machinery fl.05 fl 5fi
J Stocks Oils 7.55 R.l 7
N Y Stocks R R Equip 5 30 5.R5
N Y Stocks. Steel 5 01 6 41
North Am Bond Tr ctfs 47.50
Nor Am Tr Sh 1053 _ 1.74
Nor Am Tr Sh 1 055 2 11
Nor Am Tr Sh 1056 2 or
Nor Am Tr Sh 1058 1 87
Plymouth Fund Inc .32 .37*
Quarterlv Income Sh 8 8<t p »-,4
Schoellkopf-H tton A Pom .875 1 075
Selected Am Sh Inr 7 8: 8 57
Selected Income Sh .3 70
Sovereign Invest . .55 .61
Spencer Tresk Fund _ 12.63 13 70
Stand Am Tr Shrs .. 2.05 2 35
Stand Util Inc .3: .40
Super O] Am Tr A 2.57
Super of Am Tr A A 1.60
Super of Am Tr B . 7.10 _
Super of Am Tr B B 1.60
Super of Am Tr C 4.50
Super of Am Tr D 4.50
Supervised Shrs ... 7.66 8.32
Trustee Stand Inv C 1.03
Trustee Stand Inv D 1.80
Trusteed Am Bk ' B" .53 .50
Trusteed Industry Shrs .7 2 .81
Wellington Fund 11.08 12.24
INSURANCE STOCKS
NEW YORK. April 7 tJPi.—Investment
Bankers Conference. Inc.:
Bid. Asked.
Aetna Cas (3a)_ 7o'a 79'a
Aetna Ins (l.HO)_ 3H*4 3H34
Aetna Life < 1 a >_ 22 V4 2.3’«
Am Equit <1> _ 1!) 20'a
Am Ins Nwk Psa)_ ni'4 113a
Am Reins il.HO). -_ 2434 2H'4
Am Reserve Da)_ 21'4 2234
Am Surety i2'a)_ 3434 3H34
Automobile (la) _ 23Vs 25
Balt Amer (,20a)_ 434 534
Carolina (1.301 ___ 10'4 2034
City of N Y (1.201 _. ... 1434 10>4
Conn Gen Lif (.SO)_ 2134 23'«
Contin Cas (1.20)_ 2i‘s 23'4
Ftd A Dep (4a 1 _ 84 On
Firem's Nwk (.30)_ __ 1 s'i
Frank Fire < 1 a 1 _ 20Va
Gen Reinsur (2) _ 20 3l'i
Glen Falls (l.HO) ... .. 34's 3H>,
Globe A Rep t.soa). __ 10's 12
Globe A Rut _ lS'a 23
Great Amer Ha' xd_ 21 22'i
Hanover 1I.H01 _ _ 2H'4 2734
Hartford Fire )2). _ 50'4 HP4
Home Fire Sec . _ 1 Vi 214
Home Ins (lai _ 22'« 2334
Homestead ill _ 12'4 1334
Knickeibocker (.80) __ O's 11
Lincoln Fire _ 1 34 2'3
Maryland Cas _ 2'2 3'2
Mas Bond Cl'a) _ __ 38 41
Merc Ins pr (.32)_ 4 H
Natl Fire (2) _ 40 48
Natl Liberty (.20a)_ 53i H3i
N H'pshire (1.00)_ 35 3H3,i
N Y Fire 1.80a)__ 12'i 14
Nor River (1). __ 2P4 2234
Phoenix (2a) __ 04'2 HO'2
Prov Wash (1) _ 26'a 28Vi
Revere (P) In (1.20a)_ 1T34 10>/4
Rh Isl Ins (.40). 4 5
Rossta Ins __ 4Vi 5'/4
Bt Paul Fire (fi) __172 182
Springfield P'sa)__ 90 102
Sun Life (15) 370 420
Travelers (Id) . . 361 371
U S Fid & G . _ . _ lO'i 12
U S Fire (2) 42'a 44'i
Westchester (1.20a) . . 24'a 26
a Also extra or extras.
e Declared or paid so far this year.
e Paid last year.
CLOSING ANNOUNCED.
CHICAGO. April 7 (fl3).—The Chi
cago Board of Trade will be closed
Good Friday, April 15, it was an
nounced today.
CLEARINGS RISE
SHARPLY IN WEEK
Jump of 24.7 Per Cent
Leaves Total 15.6 Under
Same 1937 Period.
By the Associated Press.
NEW YORK, April 7.—Aggregate of
bank clearing? for the opening week
of April, which included usual first
of-the-month settlements, rqse 24 7
per cent from the volume of I he week
preceding, while the decrease from the
total for the similar 1937 period was j
narrowed somewhat in the twenty-first i
successive downswing from the pre- j
vlous year’s comparative.
The turnover for 22 leading cities of
the United States for the week ended
Wednesday, April 6, according to Dun
& Bradstreet, Inc., was $5,622,128,000,
as against $6,659,751,000 for the corre
sponding 1937 week, which gave a drop
of 15.6 per cent. This contrasted with
a loss of 21.8 per cent for the similar
comparison a week ago.
New York clearings went to $3,683,- i
924.000, or 14.2 per cent under the $4 -
295,513,000 of last year, while total
transactions for the 21 cities outside
New York were $1,938,204,000, or 18
per cent less- than the $2,364,238,000
for the corresponding 1937 week.
Clearings for the latest period were
$1,116,461,000 more than those for the
werk preceding Between the two sim
ilar weeks of 1937 the gain was but
$897,549,000,
All outside cities reported smaller
totals-than a year ago. the more lm- ]
portant of which were Cincinnati, 26.9
per cent: Pittsburgh. 25 per cent: De
troit, 24 7 per cent; Buffalo, 21 per
cent; Philadelphia, 19.9 per cent;
Chicago, 18.4 per cent; Seattle, 18 per
cent, and Kansas City, 17.4 per cent.
Bank clearings at leading cities, to
gether with percentage changes from
a year ago, follow; also the daily aver
age bank clearings for the months of
February, March and April to date:
Week Per cent
Apr. »V 194*. change.
iooo omitted.'
Boston $ : 1 9 21 s —17.1
Philadelphia .47 1. mm — ip.ji
Buffalo __ 41.oon •—Cl .m
Pittsburgh J I 5 174 «—25.m
Cleveland _ sn vno —17.m
Cincinnati A.:. ;< ; —26 9
Baltimore _ . _ 7 m. 7.vi .— * *. *»
Richmond 4" l 7 \ —1 A A
Atlanta _ . An o n --l 1 7
New O. leans ::j ^s —i I \
Chicaeo c*»«; 9m» — - ] «
Detroit ; <♦ a; . .—2 i :
St. Louis K-:. 7 *»A — 1 1 •:
Lo ur viilp CM 7 m; —1n
Minneapolis . _ as.2o; — 14 -4
Kansas City km 901 --17 4
Omaha 26.92: — 1 ; ■»
Dallas _ 44.7 ;k .—11
Sail Franc.sro . ]29>0m —] A.4
Portland. Oreg. 2$.264 — A.$
Seattle 4M.44K —1S.0
Total _ $1.04$.204 —ISO'
New York _ 4.6*4.024 —14.2'
Total all *5,622.12$ —15.6
Average Daily.
April (to date) $947.0*'*! 15 6
March S4"»*\*iv 4
February _ 100,246 ^259
ZINC STOCKS CLIMB
SHARPLY IN MARCH
By the AsrcclEted Press.
NEW YORK. April 7.—Stocks of
slab zinc in the United States in
creased nearly 10.000 tons last month :
as shipments continued to run behind
production, the American Zinc In
stitute reported today.
Stocks 118,009 tons compared with
108,138 in February and 18,183 at
the end of March. 1937.
Output was 43,399 tons, against
41,146 in February and 53.202 in
March, 1937. Shipments amounted to
33.528. against 21,540 in February
and 59.635 in March, 1937.
The Prime Western Zinc Producers'
Committee reported stocks totaled
49,001 tons, against 48.231 in Feb
ruary and 15,849 in March, 1937.
Shipments were 21,634. against 14.223
in the preceding month and 28.402 in
the 1937 month, while output totaled j
22.404. against 21,755 in February and !
21.973 in March, 1937.
BUTTER RECEIPTS TOP
1937 AT BALTIMORE
Sp-cial Dispatch to The Star.
BALTIMORE. April 7.—Butter re
ceipts at Baltimore during March
showed an increase as compared with
March of last year, but receipts of
eggs during the month were lower
than for the same period of 1937.
Butter receipts for March totaled 1,
736,765 pounds, as against 1,484,031
pounds in March of last year, while
egg receipts were 41.016 cases this
March as compared with 44,600 cases
in March, 1937.
Illinois still continues to be the chief
source of butter shipped into Balti
more. That State provided 607.009
pounds of the total received at Balti
more during March. Maryland led
other States during the month in ship
ping eggs into Baltimore, sending
17,455 cases during the period, a lead
of more than 10,000 cases over the
next highest State.
CHICAGO LIVE STOCK.
CHICAGO. Anril 7 i.-P' (United States
Department of Agriculture' —Shipping de
mand for strictly good choice and prime
fed steers and yearlings narrowed todav
and the market was weak to 25 cpnts
lower, all snap in the trade due to storm
conditions having been dissipated. Hoes
opened higher but closed with advanced
losses. Shipping demand also was nar
row buyers bid steady on lambs early.
Hogs. 5.000. including 1.500 direct:
market steady to 15 higher than Wednes
day s average, closing with most of earlv
advance lost: top. 0.15: bulk. 170-240
pounds. 8.75-0.10; 250-:i50 pound' large
ly 8..oO-On: 140-160 pounds. 8.50-00; good
OiO-ooO pounds. Packing sows. 7 65-8 00
smooth butcher kinds to 8 25 '
Cattle. 4.000; calves: 1.200: steer mar
ket not active as Wednesday. Medium
weight and weighty kinds of value to sell
at. o.oo Upward. Weak to 25 under Wed
nesday’s best Shipper demand narrow.
Most grades light steers about steadv but
only common and medium offerings getting
dependable action: top-weight steers
10.70: few loads. 0 50-10.00; bulk. 7 75
p.oo: storm market on light-weight
heifers, all grades, and cows firm to
highei, bulls. 25 higher: weighty sausage
offerings up to i.2o; vealers firm at 11.00
down.
i Sheep. 10.(100. including 1.500 direct:
late Wednesday fat. lambs steady to
stronger, spot in end more higher: choice
la I1, bs *2 backers and shippers. 0.00-10:
bulk. 8. .5-00; choice 100-Pound weieht.
n>.
PROPERTY MANAGEMENT
WHAT YOU WANT IN AN INVESTMENT
Over
Forty-Five
Y ears
of
Experience
First Mortgage
Investments
—liberal return; fixed in rate—
and with adequate protection of
principal—are conspicuous fea
tures of our
FIRST MORTGAGES
We shall be glad to go into de
tails.
B. F. SAUL CO.
REAL ESTATE
National 2100 925 15th St. N.W.
MORTGAGE LOANS
Trend of Employment and Pay Rolls
Based* on Figures in Manufacturing Industries 1919 to 1938.
JOURCEOPDATAJJ^BU»EAUOflAtO»STATISTICS-__^_ j
Baltimore Markets
Special Dispatch to The Star.
BALTIMORE, Md„ April 7—Po
tatoes, old, per 100-pound sack, 30a
140; new. bushel, l.SOal.BO: barrel,
5.00a5,50; sweet potatoes, bushel. 40a
1.00: nearby, bushel, 40a75; yams,
bushel, 50a75; barrel, 100a 1.50; as
paragus, dozen bunches, 2.00a3.50:
beans, bushel, 75a 1.60; beets, half
crate, 1.00a 1.25; broccoli, crate, 1.50a
2.50; cabbage, hamper, 60a 1 15: car
rots, California, crate, 2.75a3.00; Texas,
half crate. 90a 1 00; Eastern, bushel, 50
a60; cauliflower, crate, 1.50al,75: cel
ery, crate, l.50a2.25; eggplants, crate,
1 50a2.75; kale, bushel. 3?a40; nearby,
blue, 20a25; cucumbers, bushel, 1.75a
2.25; lettuce, Iceberg, Western, crate,
5.00a6.75; Southern, crate, 2 25a2.50;
Big Boston, crate, 1.25; lima beans,
bushel, 3 00a3.25; mushrooms, 4-quart
basket, 25a50; onions, 50-pound sack,
25a 1.90; peas, bushel, 2.25a3.0O; pep
pers, crate, 1 00a2.25; radishes, red tip,
bushel, 75al.OO; rhubarb, nearby,
bunch. 5a6; spinarh, bushel, 45a60;
nearby, 25a50: squash, biishel, 1.25a
1.50: tomatoes, iua. 1 15a2.50: apple',
bushel, 25a 1.00: box. 1.25a 1.75: grape
fruit, box. 1.50a2.60; oranges, box. 1.50
a2.50; strawberries, pint, 13al5; quart,
14a23.
Dairy Market.
Live poultry — Chickens, Rocks,
pound. 23a24. mixed colors. 22a23;
fowl. Rocks. 24a25; mixed colors, 22a
24: Leghorns, 18a21; roasters, 12al5;
capons, 27a35; ducks, 20a23.
Eggs—Current receipts, dozen, 17a
1752; whites, large, 18:2al9; medium,
17al7'2. Receipts. 1,645 cases.
Butter—Prints, 92 score, pound, 32a
33! 2; 90 score. 30a32: country rolls,
25: packing stock. 17al8. Receipts,
647 tubs.
Live Stork Market.
Cattle. 600. Active market on all
classes at mostly strong to shade
higher rates than Wednesday and 25
cents or more higher than Monday's
levels: part load good and choice
grades 1.150-pound steers, 9.65: few
part loads good 950 tc 1.250 pound
steers, 9.05a9.30: majority medium and
good grades, 800 to 1,200 pound offer
ings. 8.00a9.00; small lot of choice 825
pound mixed yearlings, 8.75: scattered
small lots heifers. 6.00a8.25; bulk plain
and medium grades fat cows, 5.75a6.75;
good weighty beef type to 7.25 and
choice individual, 7.85; bulk low cut
Iters and cutters, 4 50a5.50; plain and
J medium bulls, 5.50a7.00; few good fat
butcher bulls, 7.40a8.25.
Calves, 175. Active at fully steady
prices; good grade vealers, 10.50all.00
mostly; medium grades, 7.50al0.00;
cull and plain grades, 5.00a7.00.
Hogs. 1,400. Mostly 20 cents higher
than Wednesday; packing sows 15 cents
higher than yesterday; good and choice,
160 to 200 pounds, 8.85a9.10: practical
top, 9.10; 210 to 240 pounds, 8.55a8.95;
250 to 300 pounds, 8.00a8.65; 140
to 160 pounds. 8.70a3.95; 120 to
140 pounds, 8.20a8.70; good grade
packing sows, 7.00a7.50; stags, 6.25
down. Hogs from doubtful areas
and those fattened on garbage or swill,
as well as price premiums occasionally
paid for through-billed consignments
bought for reshipment, not represented
in above prices.
Sheep. 300. Double-deck good and
choice 83-pound fed Western wool
skin lambs. 25 to 50 cents higher than
Monday at 10.00a 10.25; little else on
offer; odd head old thin sheep around
2.00.
t«rain Market.
Opening prices were: Wheat. No 2
red winter, garlicky, spot, dome-tic.
88. Ap-il delivery. 88. Settling price.'
v,rrc. Wheat, No. 2 red winter, gar
licky. spot domestic. 87V April de
livery. 87 7 . Corn. No, 2 yellow, do
mestic, G4aR6; Western billing at a
premium over this price* cob corn,
nominal. Oats, No. 2 white, domestic,
42a45: No. 2, 41a44; Pacific Coast,
white. 71. Excepting grain on track,
there Is an additional charge of i!2
cents per bushel for storage and ele
vation on ail sales of oats. Rye, No. 2,
93a98 Barley, 70a75. Hay quiet, un
changed. Straw, steady, 8.00a8.50 a
ton.
- --».... . -
BANK FAILURES TOTAL
16 IN TWO MONTHS
By tbc Associated Press.
The Federal Reserve Board reports
16 banks with $4,997,000 deposits failed
in the first two months of the year.
One was a national bank, 12 insured
State banks and three uninsured State
banks.
The Federal Reserve banks approved
between January 1 and March 23 52
applications for industrial advances
totaling $3,831,000. the Federal Re
serve Board reports. Applications re
ceived in the same period numbered
198 and totaled $9,045,000.
'84,179,959 Earned
By R. H. Macy Co.
For Fiscal Year
By the Associated Press.
NEW YORK. April 7.—R. H. Macy
& Co. reported consolidated earnings
of $4,179,959 for the fiscal year ended
January 29, equal to $2,52 a share on
1.655.618 common shares outstanding.
This compared with profit, in the
preceding fiscal year of S4,694.907. or
$3.06 on 1,503,835 common shares then
outstanding.
Total sales for the fiscal period
amounted to $135,871,800, against
S130.441.310 a year earlier.
The company’s department stores
are located in New York, Newark, !
N. J.; Atlanta, Ga., and Toledo.
-.-.-.
CHEESE CONSUMPTION
DOUBLED IN 20 YEARS
By the A": ociat»d press.
The Commerce Department esti
mates p"r capita cheese consumption
has doubled in the United Statps in
the last 20 years and now is about
5 pounds per person per year.
Tizi signifies ‘'pass," mountain pass,
in the Berber tongue .
Commodity Exchange Act Is
Beneficial—Creditors
Cannot Attach.
The failure of Morton & Co., com
modity brokers of St. Louis, on March
24 will not Involve its commodity
futures customers’ funds inasmuch as
such funds are deposited in a segre
gated account which creditors of the
firm cannot attach. Dr. j. W. T. Duvel.
chief of the Commodity Exchange
Administration, announced yesterday.
Within the last 30 days auditors
from the Commodity Exchange Ad
ministration examined the books and
records of that firm to determine
whether its customers’ funds were
properly segregated as required by
the Commodity Exchange Act. The
firm was undersegregated but made
the necessary adjustments so that
every provision of the law and regu
lations was fulfilled before the audit
was completed.
The Commodity Exchange Act re
quires segregation not only of custom
ers’ moneys received to margin or
guarantee trades in commodity fu
tures, but also of money and equities
accruing to customers as a result of
payments received from the clearing
peuse association of a contract mar
ket covering settlements to the market
t'ach day. Should a firm fail to seg
regate its customers’ funds from its
awn its officers are subject to criminal
prosecution.
When depositing customers’ funds
roming within the provision of the act.
brokerage firms must notify the bank
’f the nature of the funds by appropri
ately labeling the account. ’ Such pro
’edure protects customers’ funds from
attachment or garnishment in the
’vent of insolvency of the brokerage
Pou.se.
an
' Money for Construction Loans
and
Loans on Existing Properties
FIRST nun OF TRL'ST ONLT
GEORGE !. BORGER
643 Indiana Ave, N.W.
Nat’l 0350
First Mortgage Loans
District of Columbia, Nearby Maryland and Virginia
^orries C Business
Apartments U70 Properties
Terms from 3 to 1 5 yeGrs
Also
Monthly Payment Loons
Randall II. Hagnkr & Company
iNCOPPOPATEO • -
Mortgage Ixjan Correspondent
*Aea$yor£.Q't'fe J?n*u r-anc* ny
1321 Connecticut Ave. N.W. Telephone DEcatur 3600
..fim/dc it
WELL...
FOR over half a century Perpetual
has specialized in making loans on real
estate. 11 has been our sole outlet for funds
entrusted to us by the many thousands of
our shareholders. That we have done our
job well is obvious, for today Perpetual is
the largest Building and Loan Association
in the United States.
We have funds available for the making of
real estate loans at 5%, 5Vi% and 6%,
with the same favorable repayment plan
featured in former Perpetual loans. No
commission. No renewal fees.
“Secure Your Home
With PerpetuuVs Loan9*
Phone
NAtional
4500
[gAvn™jt I

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