Evening star. [volume] (Washington, D.C.) 1854-1972, April 14, 1938, Image 23

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Evening star. [volume], April 14, 1938, Page A-23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 14 April 1938. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-04-14/ed-1/seq-23/>

Newspaper Page Text

•CURB RALLY LED
I
Earlier Advances Widened
by Inflationary Tone
of Message.
L. Br the Associated Press. j
Ik NEW YORK. April 14.—Buying
r activities in the curb market today
| centered in miscellaneous industrial
shares.
In a few instances early gains
Widened after release of President
Roosevelt's recovery message Finan
cial circles regarded his major recom
mendations as inflationary.
Principal gainers in the final'hour
Were Newmont. Sherwin-Williams,
■Pfayne Knitting Mills. Great Atlantic
r * Pacific Tea. Aluminum Co., Lake
I Shore Mines and Michigan Steel Tube,
Up 1 to around 4 points.
Oils were fractionally ahead, while
Utility leaders sagged.
---0-■ i -
Huge Gain Shown
^ By ( Construction
Awards for Week
By the Associated Press.
NEW YORK. April 14.—Engineer
ing construction awards for the past
Week, totaling $79,373,000. were sec
ond highest for the year. 101 per cent
above the previous week and 70 per i
cent above the corresponding week a !
year ago. Engineering News-Record j
reported today.
Seven commercial building projects j
aeciTgating nearly $43,000,000 medo i
the private construction total 118 per !
cent above last years* Public con
struction was 15 per cent above the
same week a year ago.
The awards compared as follows:
, Latest week. : week.
v Total s:u.nno *»•’7 non
Private ft : .M : non .Mis non J
State, municipal •71.4' ''non Mu.nnn
Federal 4 au.l.ono *770 nou
U. S. BOND HOLDINGS
OF BANKS ARE LARGE
By the Associated Press.
The controller of the currency re
ports that 63 per cent of the $47,900.
i 000.000 deposits in the Nation's 15.463
banks on December 31 were invested ,
hi direct Federal obligations or held
cash.
A survey of national and State com- ■
mercial banks, savings banks and
private banks, showed they held $14.
286.114.000 worth of direct Fpderal
obligations. $2,373,954,000 of Federal J
guaranteed securities. $3,446,064,000 in
State and municipal securities and j
^$6,382,920,000 of other securities.
PPWLoans on real estate aggregated $8.
677.454.000 and other loans, including j
rediscounts, totaled $13,675,192,000.
EXCHANGE TO REDUCE
SALARIES THIS MONTH
Bj the Associated Press.
NEW YORK. April 14.—The New
York Stork Exchange this month will !
reduce salaries of employes earning
over $15 a week by from 5 to 12 per
rent, it was learned. The exchange |
has around 2.300 employes.
Tire reductions will be graduated, j
*oth the top 12 per cent reductions af
fecting only salaries of those in the
highest pay brackets.
CURB BONDS
---- I
DOMESTIC BONDS
High. Low. Noon.
Ala Power 4 Us 07 _ 7 1 71 71
Aia Power ns 48 A ... PM p.M PM
Aia Power ns 51 . _ R2U 82 82Vi
aAla Power ns 08 . 7 5 75 75
kJnlum Co Ltd ns 48 107 lot 107
'Am PAL Os 2010 00U 00 00U
Am Radiat. 4Us 4i loo', 1 oo>4 1OOU
Ark P A- L 5s 50 _ 80 so HO
As El Ind 4 Us 5M_ •■>** M4 U M4U
As G E 4 Us 40 . U 24 U 24 U
As G A E ns 08 __ n 27 27
As G &• E 5 US 1C_4>M RM RM
Bald Loco Os no _ 7oU To To
Bel! Te C 5s 55 A .... 1 11 U 1 11 U 111 U
Bell Te C 5s 57 B 11 RU 11 8% 11 HU
BUI Te C ns 00 C 121 U 12! U 121 U
Birmine Gas 5s 50 58 58 58
, Can No Pw 5s 5M A Kim's 103* 10.M* I
Caro Pw A Lt 5s 50 80 80 80
Cen 111 P S 4Us 07 F 87% 87% 87%
Cent Pw A Lt 5s 50 85U 85 85U
Cent S’. El 5Us 54 20U MO1, 20*
Cen St PAL 5 Us 5M 4 1 4 1 41
Cities £vc ns 50 57 U 57 57 U I
Cities Service 5s 58 50', 50', 50',
Cities Svc 5s 00 50', 50 50',
Cities S Gas 5Us 42 05U 05U 05U
Cit S PAL 5Us 52. 54U 54', 54U
Clt S PAL 5Us 40 54U 54 U 54U
Comw Sb 5Us 48 A 102U 1"MU ln2U
Cons G U Os 4M A st . 58 58 58
Cont G A E 5s 58 a 7 J U 11 71
Del El Pw 5Us 50 00 00 PO
East G A F 4s 50 A 7M 7 2', 7*'U
Ecus El Illu m'2s 05 107', I07U 107',
El PW A Lt ns 20710 OM 02’, 02V, !
Emp OAR 5Us 42 7 7 ’, 77’, 77’,
Erie Lichi 5s 07 lo5'.» 105', 105U
Etrest Cot m -,s tr h*;» Him him
Plonda PAL ns 54 81', 81 81
Gatineau Pw ns 50. 1 03V2 IiimU lOM'n i
Gen Pub Ut OUs 50 HO 00 oti
Gen W WAE 5s 471 a no 00 tit;
Georgia Pw 5s t 7 83* km‘2 HMU
Hack Wat 5s 77 A 107%107%107%
Hyerade Fri Os 40 A 48 48 48
Hygrade Fd tis. 40 B 48 48 48
111 Pw A Lt tis 5M A 80 U 88’., HP Vi
111 Pw A L 5Us 54 B R5U 85U 85'2
111 Pw A L 5s 50 C 8 1’, 81’, 81
Indianan Gs 5s 52. HI U 01U 01U
Indnan PAL 5s 57 A 104% 104% 1"4’,
Ind Hv-El 5s 58 a 70 70 7 0
Inti P Sec OUs 55 C 51 51 51
interst Pw 5s 57 7to’« MO’, MO’,
Interst Pw Os 52 21'« 21', 21*
Ital Su Pw Os OM A 42 42 42
Jackson G ns 42 stn M5'« MS', ;i5V«
Jer C FAL ns 47 B 102 102 HIM
Jer C PAL 4Us HI C 00', op op
Kan Pw 5s 47 A POU 00* noU
Kentucky U 5s BP I . 00 op 00
Ken U 0 Us 4 8 D 85 85 85
Lehigh P S Os 2020 A PO HP’, PO
Libby McN A L ns '42 102’, 102’, 102’,
La Pw A Lt os 57 101'., 101* 101%
McCord Rad 6s 4M . 61 61 61
Mar Rse Pw 4'as 52 _ 87 87 87
Midlan V R R 5s 4M 52'.,. 52'/, 52',
i Minn PAL 4Us 78. 84U 84 H4U
k Minn P A L 5s 55 _ . HP 88 88
LMo Pub Sv 5s 4 7_ 02U 02Va 02U
P^Nass A Su L 5s 45_ 80 80 HP
Nevad Cal El 5s 56 . 71' 2 71U 71 U
New E G A E 5s 47 . 47 47 47
New E G A E 5s 48 4 7 47 47
New E G A E 5s 50 47', 47', 47',
New Or P S 6s 40 A 7M 73 73
N Y P A Lt 4Us 67. loti 105% 105%
N V 3 E A G 4Us 80 _ 88 88 88
No Con U 5Us 48 A . MOU 7S0U 36*
Nor Sta Pwr 3Us 07 . OKU PR pH
Ohio Par 4Us 50 D 104U 104% 1II4U
. Pac G A E tis 41 B ._ 114U 114Va 114U
I Pac PAL ns 55 ._ 01* 0] 61V,
' Penn C L A P 4Us 77 . TP’, 7P’„ 73%
Penn P Svc Os 47 C . 101 V« 1(11 U lnl',
Phtla Rap T (is 02 _ HO 00 00
Potomac £ ns 50 e _loo loo loti
Pub Ser N o tis ctfs . 1MMV, 133% 1 MM',
Pub 8 No 111 5s 56 ._ 110* 110* 110%
Pub 8 No 111 ns 00 C . 104’4 104’4 104*
Pub 8 N I 4 Us 81 F _ 1 OM 11)3 103
Pub 8 N I 4Us 00 I . 104', 104U 104V,
Pug Sd P A L SUs 40 07U 07U 07U
Pug 8 P A L 4Us 50 D 61U 60U H1U
8! L G A C Os 47 mat 12V, 12', 12',
San An P A S ns 58 B 104’4 li'4’4 104*
Schulte Real E 6s 51 20 26 26
Scrlppa 5Us 43 ... 00 00 op
8hw WAP 4Us 67 A 102V, 102’, 102*
8hw WAP 4Us 70 D 103V« loMU 103V,
8 E P A L tis 2025 A . 8! 80U 81
U SOU Cal Ed .3’,s 60 104'., 1o4'4 lo4V4
souw P A L 6s 2022 A 67! 63 63
Std G A E cv 6s 35 mat 43’, 4.'!’, 43V,
8td Gas A El 6s 51 A 45 45 45
Std Gas A El tis 66 B 44* 44* 44*
stand Pw A Lt 6s 57 4M’, 43’, 4M’«
8tarret Cnrp 5s 50 ... 28V, 28 28V,
Super n[ II 4 Us 68 .. 104* 104* 104’,
Tenn Elec Pw 5s 50_ 76 70 76
Tenn Pub S os To . _ 07 07 07
Tex Pw A L 5s 56. 07 Vi 07 U 07 U
?oledo Ed is 5s 62 107 100’, 106*
win C R T 5 Us 52 A 54 * 53’, 54' ,
men A Co (is no IV st 34 U 34 U 34 U
Unit El N J 4s 4H _ 11 1 11:1 1171
Unit LARD SUs 52 . HO Vi HP* HO*
Va Pub S SUs 46 A _. 80 80 80
Va Pub Ser 5s 50 B 78 78 78
West T Ut 5s 57 A 84 84 84
FOREIGN BONDS.
Com Prv B SUs 37 PO* fifl* 00*
Oer con Mun 7s 47 21U 20* 20%
Lima City HU’S 58 _. pv, n* 0%
.Mendoz P 4s 51 stp 74 74 74
«#6antiag Chll 7s 40 13', 13* 13*
Bantiac Chll 7s 01 13U 13U 13U
Upit ft Bvc 7s 56 A . _ 55'a 55U 55U
ww With warrants, xw Without war
rant*. in*tew, st (stp) Stamped.
INegotlabillty impaired by maturity.
’ Companies reported in receivership.
A 1
NEW YORK CURB MARKET
By private wire direct to The Star.
Stock and 8»les—
Dividend Rate. Add 00. Hifh. Low. Close.
Aero Supply (B)- 4 34 34 84
Air Invest- 2 14 14 14
Alum Co Am 350* 74 73 73
Alumn Goods ,25e 1 16 16 16
Alum Ltd . 100s 88 874 88
Alum Ltd pf (6). 50s 103 103 103
Am Airlines_ 4 104 94 94
Am Beverage_ 1 *, a« 4
Am Box Board_ 1 7% 74 74
Am Centrifugal.. 15 24 24 24
Am City I’wr A
Lt (At 1.12.Mi 75* 17 16 17
A CP&L w w 2 9* h 2 18 17 17
Am Cyn B 60 . 21 21 204 21
Am Ga*AEl 1.40. 3 234 224 234
Am Mfs —,375a 144 14 14
AmMfapfff.)— 10* 55 55 55
Am Maracaibo _. 8 4 4 4
Am Meter(.SOe) . 4 194 19 19-4
Am Republic .40g 3 64 64 64
Am Seal Kap 4 34 34 34
Am Sup Power 7 4 H 4
Angostura (.1 Oe 1 1 34 34 34
Appal El P pf (7) 20* 99 99 99
Ark Nat Gas__ 2 3 3 3
Ark Nat Gas A... 6 34 34 34
Ark Nat Gas pf . 2 5 5 5
Art Metal W .80.. 1 64 64 64
Ash Id OAR 40... 11 4 4 4
As G & El A . 5 4 4 4
At l Ohs Lt pf (6) . 25* 67 67 67
Atl Coast Fish .. 3 3 24 3
Atlas Corp war_ 4 4 4 4
Austin Silver M— 14 4 4
Automat Prod _ 3 14 14 14
Auto V'ot Mch .50 2 74 74 74
Aviation & Trans 8 14 14 14
Axton Fish A ... 140s 20 194 20
Babcock A Wil 6 234 224 224
Baldwin Lo war 13 34 3 34
Barium Slain Stl. 2 14 14 14
Bath 1 W (6%f). 4 54 54 54
BellancaAlr_. 1 34 34 34
Bell Aire _ 2 12 11 12
Berk&Oay Furn_. 3 4 4 4
BerkAGay war _. 5 4 4 4
Bickfords (1.20). 1 10 94 10
Uirdshnrn S Fdy _ 17 7 7
Bliss (EW) _ 6 74 64 7
Brewster Aero_ 2 34 34 34
Rridgep’t Mach.. 1 64 64. 64
Brn F&W A <2>_. 1 16 16 16
Bunker Hill & S_. 1 124 124 124
Burrj Biscuit 2 24 2 2
Can C A F pf 1.75 50s 24 23 24
Cau IndAlcA 2 34 34 34
CaribSyn .1111
Carman A (.50k). 1 16 16 16
Caro P&Ltpf(6). 10* 624 624 624
Carrier Corp_ 14 22 204 22
Catalin Am _ 2 24 24 24
Cent & Sw Ut_ 3 l3, 14 14
Cen St El -- 3 i* & &
Cen St El 6% pf.. 25s 5 5 5
Chi Flex Shft(4)_ 50s 514 514 514
Chief Cons_ 1 4 4 4
Cities Service_ 69 14 14 14
CitServpf ... 5 31 30 3!
Cit Svc P *7 pf... 50* 504 504 504
City Auto StpK._ 8 54 5 54
Claude Neon Lt._ 2 14 14 14
Cleve Tract_ 1 44 44 44
Club A1 Uten_pf 3 14 14 14 |
Colon Develop_ 6 24 24 24
Col Fuel&Ir war.. 2 44 44 44
Colum Oil & Gas. 2 34 3 34
Comwlth&Sowr 15 4 4 4
ComwPubSvle. 50s 21 21 21
Con Cop M 12 4 e. 9 5 44 5
Cons Ret Strs .. 1 2% 2% 2%
Cons Steel Corp.. 1 3% 3% 3%
Cooper Bess _ 3 6% 6% 6%
Corroon & Rey_ 3 2% 2% 2%
Cosden Retro_ 2 1% 1% 1%
Cosden Pet pf ... 1 7'. 7% 7% .
Creole Pete 50a.. 2 21% 20% 21%
Crown Cent Pet1 3% 3% 3%
Crystal Oil Refin. 2 % % %
Darby Pet .25e_ 1 6% 6% 6%
Dayton Rub_ 2 7 6% 6%
Derby OH _ 9 3 2% 3
Det Steel Trod_ 3 19 18% 19
Divco Tw C 40... 4 3 3 3
Dnm St & Coal .. 1 12 12 12
Draper Cp 3 50e 100s 48 48 48
Driver-H 1.67 %g 1 15% 15% 15%
Dubilier Conden 3 1% 1% 1%
Duke Power 75e 100s />4 54 54
DuroTest.40_ 1 5% 5% 5%.
Duval Tex_... 2 7% 7% 7%
Eagle Pit Ld 10e 11 10 9% 9%
E G&F 6 pf 1.50k 200s 24% 24 24%
E G&F pr pf 4 % . 25s 48% 48% 48%
East Sta Corp 3 1 1 1
Kstn States pf A. 25s 17% 17% 17%
East State* B pf. 25s 16% 16% 16%
Edis Br Stra (1}_ 5 10% 10% 10%
Elsler Electric... 1 1% 1% 1%
El Bond & Sh_ 53 6% 6 6%
El B&S pf (6)_ 2 48 48 48
El Pow Asso (A). 1 2% 2% 2%
Elect Share 1 1% 1% 1%
EmpG&F67ePf 25s 43% 43% 43%
Emp G&F 7% pf 150s 46% 45 46%
Equity Corp 5 ft ft ft
Eureka PL(le) 50s 25 25 25
Evans Wailo 64 % % %
Evans Wallow pf 700s 5% 4% 4%
Fairchild Av_ 5 3% 3 3%
Falstaff Brew.... 6 8% 8 8%
Fansteel Metal__ 2 5 5 5
Fidelio Brew- 1 ft ft ft
Fisk Rubber_ 5 5% 5% 5%
Fisk R pf (6)- 50s 53% 53% 53%
Ford M Can A(l). 3 16% 16% 16%
Gen Firepr ,20e.. 1 11% 11% 11%
Gen Invest _ 2 % % %
Godchaux Sug B. 1 13 13 13
Grand Nat Films 6 ft % %
Great A&P nv le. 200s 42 40 42
Green Tap & D_ 2 5% 5% 5%
Gulf Oil t.26e) ... 1 35% 35% 35%
Hartf Rayon vtc. 6 1% 1% 1%
Hazeltine <3 _ 1 16 16 16
Hearn Dep Stores 1 4% 4% 4%
Hecla Mining.10s 18 8 7% 7%
Heyden Chem(2) 1 31 31 31
Holllnger ,65a 2 13 • 13 13
Holophane ,30e _ 2 10% 10 10
Horn&Hardt 1.20 100s 22 22 22
Humb Oil .37 %e. 1 66 66 66
111 Iowa Pow ... 13 3 3
111 Iowa Pow pf.. 2 13% 13% 13",
111 Iowa P div ct. 1 4% 4% 4%
Ins C N Am (2a) 150s 54 53% 53%
Int Cigar M (le). 4 19% 19 19%
Int Hyd Elec pf.. 3 12% 12 12%
Inti Pa&Pw war. 6 2 2 2
Int! Pet (l%a)_ 6 25% 25 25
Int Radio_ 1 7% 7% 7%
Int Util B _ 1 % %, %
Inti Vitam .50_ 2 3% 3% 3%
Inv Royal 06 . . 2 % ft %
Iron Fire vtc 1.20 50s 13% 13% 13".
jacoDsuo _ 2 4% 4% 4%
Jeannette Gla_ 12 2 2
Jones & Lau Stl._ 1 29 29 29
Kingsbury Brew. 11 11
Kingston Prod 2 2% 2% 2%
Kirby Petrol .10* 2 3% 3% 3%
Knott Corp .10© . 2 6% 6% 6%
Lake Snore M(4) 39 51% 49% 50
Lakey Fdy & M 1 2% 2% 2%
Langend Bak(B). 2 3 3 3
Lion Oil (1 ) ... 9 22Vt 21% 22%
Liptonpfl.50.__ 1 19% 19% 19%
Lockheed Aire 11 8 7% g
Long Isl L pf 3.50 10a 31% 31% 31%
La Land & Ex .40 6 7% 7% 7%
McCord RadtB). 1 1% 1% la,
McVVilms Dredg. 1 9% 9-i, 9*,
Majestic Rad&T. 1 % %
Massey Harris .. 2 6% 6 6%
Mead John (3a) 25s 95 95 95
Memph Nat Gas l 3% 3% 3%
Merritt-C&S pfA 100s 40 40 40
Mich Bumper .. 3 ty % a,
Mich Gas & Oil _ 4 2% 2% 2%
Mich Steel Tube. 2 6% 6 6%
Mich Sugar 8 % 4 %
Mid St Pet B vtc. 8 % £ %
Mid Oil conv pf__ 300s 4% 3H 4%
Midwest Abras6 1 11
Mid West Corp... l 5% 5% 5%
Midwest Oil il).. 1 7% J% 7%
Molybdenum Stl_ 4 4% 4% 4%
Mngrm Pictures 1 1% 1%
Mont Ward A(7) 20s 126% 126% 126% i
Mount City Cop 23 6 5% 6
Mt St T&T 1.75e 80s 108% 108 108
Murray (O) 15e. 1 7% 7% 7%
Nat Bellas Hess 1 Ij M K
NatMfg&Strs -12 2 2
Nat Oil Prod .20e 1 17% 17% 17%
NatP&Ltpfi6) 50s 46% 46% 46%
Nat Rub Mch . 13% 3% 3%
Nat Sug Ref (2). 4 13 12% 12%
Nat Trans (lg) 2 8 8 8
Nat Tunnel &M 10 2% 2% 2%
Nehl Corp .. f 37% 37% 37%
Nestle Le Mur A 1 % % %
N J Zinc (.60e> 500s 52% 51% 52%
Newmont M 50e 7 53 51 53
Niag Hudson Pow 5 6% 6% 6%
Niles-Bem ,50e 7 31 30 31
Noma Elec 40e . 6 3% 3% 3%
Nor Am L&P pf 50s 31% 31% 31%
N Ind P Sv pf(7) 50s 50 50 50
Ohio Oil pf <6)._. 1 102 102 102
OklaNatGas 1 7% 7% 7%
FG&E 1st pf 1.50 2 28 28 28
Fan-Am Air .50*. 1 14% 14% 14%
Pamepec Oil 17 5% 5% 5%
Parkbg R&R 1.60 4 15 15 15
P*nin Tel (1.60). 100s 22 22 22
Pennroad ,26g_ 21 2 1% 1H
A
Slock and Sales—
Dividend Rate. Add 00. High. Low. Close.
Penn G A E (A) 4 3% 3% 3%
Pa P & Lt pf (7). 75s 82% 82 82%
Penn Salt 1.25e . 25s 124 124 124
Pepperell MfgCo 60s 67% 57% 67%
PharisTAR ... 2 3% 3% 3%
Phoen Secur pf._ 100* 14 14 14
Pioneer aid .40 . 3 3% 3 3%
Pitney-How lOe. 5 6% 6% 6V4
PALE*.75/? . 30s 37 36 37
Pitts Plate G.25# 4 71 70 71
Polaris Mining .. 1 2*4 2% 2%
Premier Gold .12. 12 2 2
Prod Corp _ 1 ft ft ft
Prosperity (B)_ 1 4 4 4
Prud Investors.. 15 5 6
PSlndMpf _ Ills 16 16 16
P S Ind $7 pr pf . 40s 28% 27% 27%
Fuget Sd P |5 pf* 60s 27 26 27
Reed Ro Bit ,*0a. 2 24 24 24
Reiter Foster_ 7 ft % ft
Reybarn Jnc_ 1 2% 2% 2%
Reynolds Inv _ 9 % % %
Roosevelt Field.. 11 1 1
Rustless IAS_ 2 7% 7% 7%
Ryan Consol_ 2 2% 2% 2%
St Anth Gold_ 6 % % i„
St Regis Pap — 2 2% 2% 2%
Scovill Mfg 50e .. 1 22 22 22
Scullin Steel war. 2 ft ft ft
Sec Corp Gen_ 1111
Segal Lock _ 6 % % %
Select Industries 5 1 j
Se! Ind pr pf 5^4. 150s 50 50 50
Seton Leather_ 1 4% 4% 4*4
Seversky Aire ._ 2 2'« 2 2%
Shattuck Denn .. 7 7% 7 71*
Sherwln \Vill(4). 450s 84 83 84
Simmons HAP_ 1 l»4 1*4 1*4
Sonotone _ 11 1% ](«, ji„ I
SossMfgCo _. 3 4% 3*, 3%
50 Penn O 1.50a.. 2 35 35 35
S C Ed B pf 1.50.. 1 26 25% 26
St Oil Ky (1) __ 4 16% 16 16
Stnd Oil of Oil). 2 18 17% 18
Std Oil of O pf 5... 25s 95% 95% 95%
St Pow A Lt _ 2 11 % !1
Stand Products.. 1 5% 5% 5y,
Starrett Cor vtc . 3 4% 4% 4%
Sterling Inc .20a. 2 2s* 2% 2%
51 (lines (11) _ 5 2 2 2
Stroock A Co_100s 9 9 9
Sunray Oil _ 4 2% 2% 2%
Taylor (K) Dlst. 2 1 % %
Tec hnicolor _ 9 17% 17 17*4 ;
Tex PAL pf (7) . 20s 97 97 97 j
Thew Shovel . ]00a 9% 9% 9', !
Trans-Lux(.20a) 7 2 2 2
Trl-Cont war . 1 .v„
Tubize Chatillon. 1 7% 7% 71,
Tubize Chat (A). 2 23% 23 23%
United Aire war. 49 7*. 6% 7%
Utd Cgr Wh Sirs. 3 % % %
Unit Gas _ 12 3% 3% 3%
Unit Gas war_ 1 % % »,
Unit Lt A Pow A. 12 2% 2% 2%;
Unit Lt & Pw B _ 9 2 2 2
Unit Lt& Pcv pf 4 18%. 17% 18%.
Uni t Prof Shar n. 2 % % %:
Unit Shipyds A . 38 7% 6% 7%
UnitShipydsB _ 10 1% 1% 1% .
Unit Shoe M 2%a 125a 67 67 67
U S Foil (B)_ 1 5 5 5
USAIntSec 1 ft ft ft
USAl Sec pf 1.25k 50s 50 50 50
U S Lines pf_ 1 1% p, p,
U S Radiator ... 3 3% 3% 3%
Unit Verde Ext . 1 1% 1% 1%
Unit Wall Paper. 2 1% 1% 1%
Univ Corp vtc 1 2% 2% 24
UtahPALpf 1.17k 75s 324 32 324
Util Pw A Lt (r). 19 ft % %
Utility Equit_ 1 1% 1% 1% |
\ enezuela Petrol- 12 1 1 l
Wayne Knit M__ 1 74 74 74 ’
Wellington Oil__. 14 4 4
West Ya C & C_ 10 14 14 14 j
Willms Oil-O-M,. 1 34 34 34 i
Wil Li Caf pf <r)_ 5 & 4 4j
Wolverine PtC _ 2 24 24 24;
Wright Harg ,40a 7 7 4 74 74
r In bankruptcy or receivership or being
reorganized under the Bankruptcy Act or
securities assumed by such companies
Rates of dividends in the foregoing table '
are annual disbursements ba^ed on the I
last quarterly or semi-annual declarations. !
Unless otherwise noted special or extra
dividends are not included.
a Also extra or extras. e Declared or j
paid so far this year, no regular rate,
f Payable in stock. g Paid las- year. 1
h Cash or stock, k Accumulated dividend
paid or declared this year, ww With war
rants. xw Without warrants. war War
rants.
HIGHER NET REPORTED
BY W. A. SHEAFFER PEN
By the Associated Press.
FORT MADISON. Iowa, April 14.—
Net profits of $678,106. after taxes and
other reserves, were reported by the
W. A. Sheaffer Pen Co. yesterday for
the fiscal year ended February 28. This
was equal to $4.19 a share. In the
previous year the company earned
$651,049, or $3.97 a share.
—-•-—_
FOREIGN MARKETS.
LONDON. April 14 —Industrial se -
cunties continued in cood demand at I
higher prices, being encouraged bv the
improved European outlook Coal to- ;
bacco. steel and electrical equipment shares -
were especially strong, but some sections
reacted from their highs due to nrofit ;
takinc over the four-day Easter holidav. !
Gilt-edaed issues turned easier after initial l
strength, and the home rails and trans- j
Atlantic groups remained steady Rubber :
and liquor shares also sold higher.
PARIS.—The Bourse closed with a strong j
tone today and buying was heavy in all 1
sections of the list: Industrials advanced
S per cent or n^oie and banking issues i
gained #0 to J 75 francs Suez Canal
moved up lrto francs and rentees were i
unchanged to 150 centimes above Wednes
day s close.
---
FOREIGN EXCHANGES.
(Reported by W. B Hibbs A Co.)
NomiJal Checks
. , . sold value. today.
Lond n. pound _ $4.8005 $4 ns'4
Paris, franc _ o.»?’4c 3.I5'4c
Brussels, belga_l.'t.iilc l«84'aci
Berlin, mark _23.82c 40 "Oc i
Rome lira . - 5 20c 5.2K>ac
Zurich, franc __ _ lit.3c 23.01. lac
Athens, drachma 1,3c
Madrid, peseta . In.3c
Vienna schilling 14 o;c
Budapest, penso 1 ; 4!‘c I II
Prague, crown (nom.) 2,H04c
Warsaw, v.loty 11.22c
Copenh een. crown 20.8c ""°4,2C
Oslo, crown 20.8c 25 n.3S4c 1
Stockholm, crown 20.8c 2o.08c '
Montreal. 33-04% discount.
---- .___ 1
BOSTON WOOL MARKET.
BOSTON. April 4 i/Pi lU. S Drpl. Agrl.
T—A little fleece wool business was being
transacted by Boston wool houses today
Spot quarter blood bright fleeces of the
old clip were bringing 2b to 27 cents in
the grease. An occasional small accumu
lation of new clip quarter blood bright
wo°J graded in the country, was
sold thrpueh Boston houses at, around 25
cents in the grease delivered East. Coun
try accumulations of mixed grade three
eighths ano quarter blood old clip bright
fleeces were being moved through Boston
houses at 24 to 2b cents in the grease
delivered East.
-•-—
LONDON BANK REPORT.
LONDON. April 14 iflh.—The Bank t)I
England statement as of April 13 (in
thousands of pounds);
Circulation _ 497.248 +7.554
Bullion _ 327.231 — 19
Reserves 29.982 —7.583
Public deposits _ 17,731 +4.898
Private deposits _ 139.948 —9.259
Government securities 118.138 +4.260
Other securities 29.245 —1,025
Ratio of reserve to liabilities. 19.0 per
cent, compared with 23.1 last week.
Rate of discount. 2 per cent.
NEW YORK SUGAR.
NEW YORK. April 14 (Pi.—Early losses
in sugar futures today were partially re
covered in later trading on renewed cov
ering and trade buying.
May No. 3 rallied from 1.94 to 1.98
and September from 2.00 to 2.03. leaving
the list about 1 point net lower near the
last hour. The No. 4 was net unchanged
as May recovered from .88 to .SS'g,
-•
METAL MARKET.
NEW YORK. April 14 (IP).—Copper
steady; electrolytic, spot. 10.00; export,
10.07. Tin steady; spot and nearby.
38.70; forward. 38.75. Lead steady; New
York spot 4.50-55; East St. Louis. 4.35.
Zinc steady: East St. Louis, spot and for
ward. 4.00-4.15. Iron, alubinum. anti
mony. quicksilver, platinum and wolfra
mite unchanged.
ODD-LOT DEALINGS.
By the Associated Press.
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for April 13; 4.488
purchases involving 120.888 shares; 4,054
sales involving 118.907 shares.
MONTREAL SILVER.
MONTREAL. April 14 r/Fh.—Silver fu
tures opened 30 higher. May, 40.85;
Anril. 41.lo bid.
NEW YORK BAR SILVER.
NEW YORK, April 14 OP).—Bar
silver, 43%; unchanged.
L
Inventories Growing More
Burdensome, According
to Dun & Bradstreet.
Special Dispatch to The Star.
NEW YORK, April 1*.—Downward
adjustments in the dry goods trade,
which in some divisions started as
early as July, 1937, became progres
sively acute as the months passed* ac
cording to a survey by Dun & Brad
street, Inc.
"Joined by expanding unemploy
ment and shrinking pay rolls, with
the concomitant consumer purchasing
power reduction, a condition of virtual
stagnation had been reached by April
1, 1938. As sluggishness in retail dis
tribution was unrelieved, accumulated
inventories of wholesalers and manu
facturers grew more burdensome. Price
inducements lost their allure, even
though some had been cut to a five
year low.
"Even though retailers made heavy
inroads on their Inventories since
December, sales decreased almost as
rapidly as stocks. The result was
that, at the close of the first quarter,
relationship of sales to Inventory
scarcely was any healthier. Because
of the near-peak attainments during
the first-quarter surge of 1937, de
clines from that period were general.
Prom the high jumps of 1937 over
1936 comparatives, for the first quar
ter of 1938 production of dry goods
dropped 30 to 60 per cent, wholesale
volume 35 to 50 per cent and retail
sales 10 to 25 per cent.
" Buy cottons now—save money—
sliced recovery’ will set an emphatic
selling tempo, which is expected to
give a strong stimlus to dry goods
buying. It will be spread over all
parts of the country during National
Cotton Week to be observed from
May 30 to June 4. 'Sew and save'
theme has produced excellent results
thus far this year in promoting pur
chases of dress fabrics, jiarticularly
silks, by the home dressmaker.
"No division of the dry goods trade
escaped from the devastating down
swing, which started around July,
1937, and had shed but little of its
force up to April 1, 1938. In the sweep
of its slide it carried with it blankets,
dress fabrics, sheets, cases, muslins,
tickings, percales, towels, draperies,
bedspreads and work clothing. Pro
duction of cotton goods was squeezed
from a new high In March to less than
50 per cent of capacity by December.
From a 14-year record in wool con
sumption for the first quarter, woolen
mills dropjved to about half capacity.
"Production curtailment was ex
tended at nearly all mills during the
first quarter of 1938. Woolen mills
operated at about 25 per cent of ca
pacity, with orders nearly 60 per cent
less than for the 1937 period. Cotton
mills averaged around 40 per cent,
rayon 60 per rent, underwear 50 per
cent and hosiery 40 per cent of their
respective 1937 rates."
NEW ISSUE VOTED
BY GENERAL FOODS
Holders Approve 350.000 No-Par
Preferred Shares to Provide
for Plant Expansion.
Bs tl r Associated Press.
NEW YORK. April 14.—Stockhold
ers nf General Foods Corp. by an over
whelming vote yesterday approves cre
ation of an issue of 350.000 no-par
prefeired shares, the bulk of which
will be sold to provide funds for plant
expansion.
There were 3.325.178 common shares
voted in faior of creation nf the new
preferred issue, and only 9.156 against.
A special stockholders’ meeting will
be held May 2 to act on such proposals
as directors may make with regard
to the new preferred shares.
It is understood the new preferred
stock may carry a $5 annual dividend
rate.
Holders unanimously approved,
without discussion, the company's
profit incentive plan, under which
executives share in profits in excess
of a fixed figure.
Charles W. Littlefield, a lawyer, was
elected a director of the company,
increasing the size of the board to 17
from 16.
-•
BANK INVESTMENTS
AND LOANS INCREASE
By the Ask dated Press.
NEW YORK, April 14 —Total loans
and investments of Federal Reserve
member banks in leading centers
turned up during the week ended April
6 for the first time in a month. This
reflected no reversal of the declining
trend in outstanding loans, but rather
a sharp rise in holdings of Government
bonds.
The total, however, continued $1,
500,000,000 under last year, the reduc
tion evenly divided between loans and
holdings of Treasury paper.
Loans and investments of members
in 101 cities, reported by the Federal
Reserve Board, compared as follows:
Week ended April 6_$20,831,000,000
Previous week_ 20,810,000,000
Same period last year.. 22,356,000,000
BITUMINOUS OUTPUT
UP SHARPLY IN WEEK
The National Coal Association, from
incomplete car loading reports from
the railroads, estimates bituminous
coal production in the United States
for the week ended April 9 as approxi
mately 5.680,000 net tons. Production
for the corresponding week: 1937,
5.821.000 tons; 1936, 7.392,000 tons.
The report of the National Bitum
inous Coal Commission shows produc
tion of 5,380.000 tons for the week
ended March 26, and 4,454,000 for the
week ended April 2, 1938.
Production calendar year to April
9: 1938, 90,204.000 tons (subject to
revision); corresponding period 1937,
139.579.000 tons.
HEWITT EARNINGS DOWN.
NEW YORK, April 14 (Special).—
Hewitt Rubber Corp. for the three
months ended March 31 showed net
earnings of $10,691, or 6 cents per
share on the 168,188 shares of capital
stock outstanding, compared with net
earnings of $103,553, or 63 cents per
share, in the first quarter of 1937.
LONDON TRADE DATA.
LONDON, April 14 </$>).—Board of
Trade figures for March follow;
Total imports, £84,870,000; exports Of
British products. £42.150,000; re-ex
ports, £5,460,000; total exports, £47,»
610,000; excess of Imports, £37,360,000.
1
Price Range of Silver in United States
(Records of Last 15 Years Reviewed.)
CENTS PE* rJMT, „„
FINE OUNCE nTom
USED CAR IDEAL
Larger Producers Bringing
Difficult Situation Under
Control.
By l! < Associated Press.
DETROIT, April 14.—Rip as is’the
used car problem to the motor car
industry, the larger producers appear
to be slowly bringing it under control.
The approximately 200,000 units
cleared out of dealers’ hands during
the one week of intensive campaigning
last month reduced the accumulation
to something like 600,000 cars and
trucks.
Aside from the specialized cam
paign. however, there are the con
tinued efforts of the volume producers
through their merchandising divisions.
Striking in this connection is the
showing of Chevrolet, one of General
Motors' heavy producers. Approxi
mately three years ago it initiated the
plan of curtailing factory deliveries to
dealers whose movement of used
vehicles was lagging.
i nevrolot Efforts Cited. ]
The used ear activity of Chevrolet
presents an interesting picture of what
the used car means in the merchan
dising problems of the motor ear in
dustry. This company alone has sold
more than 100,000 used vehicles every
month for the past three years. Not
far behind in the attack upon the
used car accumulation are the Ford
and Chrysler companies, whose mer
chandising problems generally are
identical with those of the General
Motors’ heaviest volume producer.
Last year the industry turned over
slightly more than fi.000,000 used ve
hicles, against a new-car distribution
of about 4.100.000. Many of the used
units came back, of course, in the deals
for new vehicles. This, however, is a
situation the industry has come to ex
pect. Its sales division prepares each
year to move out a greater number ol
second-hand cars than new units.
Spring Demand Delayed.
While the normal spring upturn in
demand has been slow materializing,
there has been some encouragement
during the last fortnight in a modest
increase in the movement of new ve
hicles, reflected in an upward trend in
assembly activity. Most producers and
distributors hesitate to venture a guess
as to how far this movement will go
during the next few weeks.
The failure of a more substantial
upturn to appear at this time has
caused most makers and dealers to
revise again their estimates of the
year s probable total production. There
are few producers or distributors now
who expect the year's aggregate to
reach 4.000.000, although all agree a
reversal of present trends might pull
the industry up close to that point, if
it appears before midyear. *
INVESTING COMPANIES
NEW YORK. April 14 '/Pi.— (Investment
Bankers Conference Inc/I:
(Noon quotations l
.. _. „ J , Bid. A.-ked.
Admin Fri 2nd Inc .. inis Jos:i
Am Bus Shrs 'new! 2 ns ;i -n
Am Gen E' Inc ... _ .-,4 hi
Am Ins Stocks _ q 75 4 nu
Bancamer Blair _ _ ;t"/) 4/'.3
Bankers Nat Inv Corp 1.711 2 15
Basie Industry 7 Hi
Boston Fund Inc _ l.inii 14 HI
Broad St Inv _ _ _ -»(i 94 40
Bullock Fund _j 1 511 i'* (i°s
Corporate Trust AA 1 nil
Corp Tr AA mod _ 2 2 4
Corn Tr Aceum Ser _ 1 nu
Corp Tr Aec mod _ _ " "1
Cumulative Tr Sh n nu
Depns Bk Sh N Y A ___I 1 11
Depos Ins Shrs A _ ■’ 4S
Depcs Ir>s Shrs B •’ "K
Diversified Tr C 3 hs
Dividend Shrs _ 1 us 117
Equity Coro *3 pf_ . 711 nil 23 <lfl
Fidelity Find Inc _ __ Id 5] I ; 7S
First. Best on Corp_10025 1”1"5
Fiscal F"nri Bk Sh_ 2.31 2 >6
Fiscal Fund Ins _ s- ;j 15
Fixed Fust Sh A __ 7 75
Fixed Trust Sh B _I H 03
Foreien Bond Assoc_ H 112 6 55
Found Tr Sh A _ 3 40 3 05
Fund Investors Inc_ 14 ul 15 14
Fund Tr Shrs A _ 4 nr 4 fin
Fund Tr Shrs B _ 3 fill
Gen Capital Corp _ 2H.85 28 flfl
Gen Investors Tr 4 112 4 38
Group Sec Aericulture. .. I ill i n
Group Sec Automobile _ ,fiS 75
Group Sec Buildine _ ] nfi 1 lfi
Group Sec Chemical _ 1 02 i 12
Group Sec Food .71 79
Group Sec Invest 8hrs_ .fil 'ok
Grour Sec Merchandise __ 8(1 08
Group Sec Minina _ 1 nfi 1 in
Group Sec Petroleum _ .98 1 nr
Group Sec R R Equip_ .fin to
Grour Sec Steel _ OH 1 (15
Group See Tobacco_ .91 1 no
Huron Holdina _ 47 S7
Incorp Investors .. 1.5.19 lfi.33
Instl See Bank Group _ l.nl l’l"
Instl Sec. Insurance . 1 no 1 2(1
Investors Fd "C" Inc __ 8.53 n nfi
Keystone Custodn B 2 18.44 20 19
Keystone Custodn B 3 12.03 13 f7
Keystone Custodn K 1_ 12.(18 13 18
Keystone Custodn K 2_ 8.03 8.79
Keystone Custodn S 2_ 11.84 12.95
Keystone Custodn S 4_ 3.89 4 32
Major Shrs Corp.. _ 2.(in
Maryland Fund _ 4.St; 5 40
Mass Invest Tr_IT.fifi IS.74
Mutual Invest _ 9.44 10.32
Nation Wide Sec _ 2.57 2 fiT
Nation Wide Volins_ 1.08 j.19
Natl Investors 4.(43 4.93
New Eneland Fund _In.81 11.«2
N Y Stocks. Bk Stocks __ 7.31 7.91
N Y Stocks. Blda Supply (4.34 ii.87
N Y S'ocks. Elec Equip ... H.2H 11.79
N Y Stocks. Insurance _ 7.59 8.22
N Y Stocks. Machinery_ fi.75 7.31
N Y Stocks. Oils _ 8.19 8.811
N Y Stocks R R Equip __ 6.12 (1.(43
N Y Stocks. Steel ._ H.54 7.09
North Am Bond Tr ctfs . 48.00 __
Nor Am Tr Shares 1953 . 1.84 _
Nor Am Tr Sh 1955 ._ _ 2.27 _
Nor Am Tr Sh 195H_ 2.23 _
Nor Am Tr Sh 1958_ 2.03
Plymouth Find Inc . _ .35 .40
Quarterly Income Sh 9.31 10.20
Schoellkopf-Hutton A Pom .75 1.50
Selected Am Sh Inc_ 8.23 8.97
Selected Income Sh _ 3.52
Sovereien Invest _ .fid .fill
Spenrer Trask Fund_13.15 13.84
Stand Am Tr Shrs _ 2.10 2.40
Stand Util Inc _2-- .38 .41
Super ol Am Tr A_ 2.7H _
Super of Am Tr A A_ 1.79 _I
Super of Am Tr B _ 2.89 _
Super ol Am Tr B B_ 1.19 _
Super of Am Tr C_ 4.81; _
Super of Am Tr D_ 4.8(1
Supervised Shrs _ 8.2(1 8.98
Trustee Stand Inv C- 2.07 _.
Trustee 8tand Inv D - 2.02
Trusteed Am Bk ‘B_ .54 .60
Trusteed Industry Shrs, .78 .87
Welllnaton Fund ... 11.62 12.83
International Hydro-Electric Bys
I tem—1937 class A share earnings
> were f2.02 against M cents.
i
Washington Exchange
SALES.
Washington Railway & Electric pfd.—
12 at 111%.
Notice—This exchange will be closed
tomorrow, Good Friday.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY
Allacostia A: Pot ,">s 50 Hi's’
Ana A- Pot Guar os . in;
C Ac P Tf,l of Va 5s I Of;
Can Traction R R 5s no fix i
Ci'.v A Suburban 5s i 58 HU
GrorCfiov. n aGs 1st 5s _ 1 I :i
Pot Eire Po'V X'/.s lol ]07
Wash Gas 5s J!I5R ]nl'., In5
Wsshinpton Gas 5s 1 OHO 115%
Wash Rw> As Eire 4s 108 _
MISCELLANEOUS
Chevy Chase Club 1st 4%s 104
Col Country Club 1st 4%s _ loa
STOCKS.
PUBLIC UTILITY.
Amer T el A: Tel tin •l2“,a
Capital Transit Co «’a 8
N A \V Steam boa? <5> 53 8')
Pot Ei Paw pfd (»;. i j;;
Pol Ei Pw ,V/, pfei <5 5u ? lju
Wash Ga1 L- New H2'l) *2<i 25
Wash Gas pfd < 450? 08 loo
W«.» sh Hy A: Ei Com »p36? 585
Wash Ry £i pfd <5- Jil
BANK AND TRUST COMPANY
Amer Sec A- Tr Co ipSi _ 238 250
Bank of Berhesda (To? \'»; 35
Capital <4 > 335 140
Commerce <fc Savings (el.0?_ 230
Liberty <5» j51 \ ]52
L.nroin (15? _ 17.-, 240
aN'.'.t: S.v A: Tr 214 23o
Pr Georges Bk *fc Tr (.60) 3 7 25
Hu'* ifsi __*26o 300
Riggs pfd (5* _ 301
Washington <6? 3 25
Wash Loan A: Trust (e8> 225 250 ~
FIRfc INSURANCE.
American (6? _ 13 5
Firemen s (1.20) _ 28
National Union (.75) 13*6 ZZZZ
TITLE INSURANCE.
Columbia <k30» ___ 32
Reai E. '.ate imfi) _ IGu 200 *
MISCELLANEOUS
Carpel Cm p < *“.’.(m 11 20 °312
Lanston Monotvpr <i> 50 72
Lincoln Serv com »hl.OO) 17 "1
Lincoln Serv pfd (3.50?__ _ 50
Mersent haler Lino 7n 22
Peoples Dm;* S. com < 1 00) 23 27
Peoples Dr Sir nfd <0.5<H 310 134
Real Em M a- G rfri <.5o> 4 U 5»4
Security Storage »5» 105 3 25
Ter R/'f A Wh Corp <3» ♦;*. so
Wdwd A Lo'h com »tl.50) 51*6 53 1
Wdwd A' Loth pfd (7) _ 112
• Ex dividend,
h Books closed
t Plus extras, c 2% extra. t2*6^ extra !
o «oc extra. c>14 extra paid November 3o.
193* k 3<>c extra m S3 extra.
INSURANCE STOCKS
NEW YORK April 14 op».—Investment
Bankers Conference. Inc.;
, ^ Bid. Asked.
Ap'na Cas i.ja) _ 79 83
A^tna Ins (1.00) _ _ 39 41
Aetna Life < la) _ ?"'2 “4
Am Eoui* -]» _2 j9i2 21
Am Ins Nwk (J2a) __ __ ln'2 12
Am Reins (].0o> _ 20-4 28t4
Am Reserve <ia) __ 21 2212
Am Surety <7l2) _ 30-4 38i4
Automobile (la» __ 24 !2 20
Balt Amer « Ji'a) _ 5 ”0
Carolina <1.3(»> _ _ 1912
City of NY *l 20 > _I_ 15 >4 1034
Conn Gm L:f (.80) _ _ 2312 °n’-4
Conttn Cas <1.20) 23’-4 25U
Fid A- Dcp 4 a» xd_ 80 93
Firemens Nwk (.30) __ _ , 4 8‘2
Frank Fire <lai _ _ 21“4 WS1*
Gen Reinsur < 7 > __ 29 4 3134
Glen Falls <1.0m _ 3434 5*34
Globe A- Rep (>2) _ 1 n ■ 4 1254
Criobe A: Rut _ isi2 2252
Great Amer ila) _ 2<*34 *>'*i4
Hanovfr <1.00. 20:2 28
Hartford Fire (2)_ 01’2 03M
Home Fire Sec _ i*g _'.ig
Home Ins (la) _ __” 23 24; 2
Homestead <I> jp, ]0i4
Knickerbocker (.80) _ 934 il'4
Lincoln Fire _ 2
Maryland Cas _______ _ 31 g 4i8
Mass Bond (312 * 33 42
Merc Ins Pr (.32) 4 0
Natl Fire (2) _ 4s i4 5<i34
Natl Liberty <.70a> _ 0‘2 7>2
N Hampshire (1.00)_37'1 30»4
N Y Fire <80a> _ 15 1412
Nor River < 1 > __ 20 ":v2
Phoenix 12 a» . h;i4 *';«»14
Prov Wash (11 _ 27’2 29!2
Revere <P> In (1.20a)_ 1‘12 19
Rh Isl Ins (.40) . 4 5
Rossi a Ins _ 4 \ 53 4
St Paul Fire <0) 17” JR1
Springfield (4*28) _ 103 ] 00
Sun Life <15> 390 44n
Travelers (10) 377 387
U S Fid A- G _I..! 11 1214
U S Fire • 2» _ _ 4314 451 4
Westchester (1.30a > _ 20 27*2
aAlso extra or extras.
--•—
CHICAGO LIVE STOCK.
CHICAGO. April 14 <-V\ (United States
Dcpanment of Agriculture*.—The hog
market was a little higher today. Licht
hogs continued scarce. In the cattle trade
it was more or less a starvation run. nut
little was wanted and the market was
slow. Lambs held about steady.
Hoes. 8.00(1. including 2.500 direct : ,
market slow; 5-15 higher than Wednesday’s
average: top. 8.75: good and choice 170
24o sounds 8.50-S.70; 250-280 pounds.
8.30-8.50: 290-350 pounds. 8.15-8.35: ]4(>
1 tin pounds. 8.25-8.05; good. 350-550
pounds packing sows. 7.25-7.00: smooth
butcher kind up to 7.85 and better.
Cattle. 4.000. 1,200 calves: steer trade
rather slow, .‘■toady: not much here and not
much wanted on either local or shipper
account: weighty strers scarce, and strictly
choice kind absent: best. 9.05 on 1.300
pound averages, with 934-pound vearhne
steers. 9.35: mostly 7 75-9.25 market:
stockrrs scarce, hardly enough cows and
heifers to make a market; bulk wei«htq
heifers. 9.25; bulls steady and vpalers
steady to 25 higher: light kinds showing
advance at 9.00 down: choice weighty
vealers up to 10.50; weighty sausage bulls
to 7.00.
Sheen 12.000 including 500 direct: late
Wednesday bulk fat lambs steady to strong
top 10 lower: most woolpd lambs. 8.25
8.40: choice 107-pound weight. 8.15: to
day's trade opening steady; clipped lambs.
7.50-8.00; woolskins. 8.25-8.40; probable
top around 8.50.
CHICAGO PRODUCE.
CHICAGO. -April 14 «/**».—Poultry, live,
one car. 46 trucks; hens weak: others
steady: hens over 5 pounds. IP; 5 pounds
and under. 21 : Leghorn hens. 18*6; hen
turkevs. 26 Va: young toms. 22; other prices
unchanged
Butter. 848.442; weak. Creamery, spe
cials (99 score». 2634-27; extras (92).
2*»,2: firsts <88-89). 29,a-24: other prices
unchanged. Eggs. 91.506: firmer, fresh
graded extra, firsts, local. 17 U; firsts,
local 163«. cars. J T1 <: storage-packed
extras and firsts. 1834: other prices un
changed.
Potatoes. 81: on track. 292; total United
States shipments. 792: old stock about
steady; demand slow: supplies moderate;
sacked per hundredweight. Idaho Bur
banks. U. S. No. 1. 1.50-1.60; Washington
Russel Burbanks, combination grade. 1.95
1.40: North Dakota Cobblers. 90 per cent
U. S. No. 1. 1.15; Minnesota and North
Dakota Early Ohios.. 85-90 per cent U. S.
No. J. 1.10: Wisconsin round whites. U. S.
No. 1. 1.05-1.15: U. S. commercials. 95;
new stock. U. S. No. 1. size B. weak: de
mand slow: U. S. No. 1 about steady: de
mand fair: supplies liberal: 50-pound
sacks Texas Bliss Triumphs. U. S. No. 1.
1.25-1.50: U. S. No. 1. size B. 85-1.05;
Florida, bushel crates. Bliss Triumphs. U. S.
No. 1. few sales. 1.50.
NEW YORK LIVE STOCK.
NEW YORK. April 14 </P) (State De
payment of Agriculture).—Cattle. 1.510.
Including 1.500 direct. Steers and bulls
nominal. Cows nominally steady; d few
head shelly low cutter. 4.00; other cat
tle absent.
Vealers and calves, 2.500. including
2-440 direct. Vealers steady to stronger:
several lots, aood to choice. 158-170
pounds. Il.50al2.50: common and medium
grades. 7.25-10.00; some culls down to
4.50. Calves nominal.
Sheep and lambs—8 000. Including
8.400 direct. Sheep steady: good clipped
wethers. 5.50: wool ewes. 5.00: cull and
common throwouts. 3.00-3.50. Lambs
steady: good to choice 68-pound springers.
12.00; cull and common throwouta. 3.00- i
Hot*—2.880. «U direct. Market nom- j
i Inal.
Loose-Wiles Cuts
Common Dividend
To 25-Cent Mark
By the Associated Press.
NEW YORK. April 14 —The Loose
Wiles Biscuit Co., operating a Nation
wide chain of baking plants, announced
today a dividend of 25 cents a share
on the common stork, compared with
30 cents paid last February 1 and 50
cents on May 1, 1937. The latest
disbursement is payable May 1 to
holders of record April 25.
DOLLAR GOES LOWER
IN LONDON DEALINGS
By the Associated Press.
LONDON. April 14—The United
States dollar declined % of a cent
to close 4.98', to the pound in for
eign exchange trading today. This
compares with New York's overnight
sterling rate of S4 98"'>..
French francs were net unchanged
at 158.12 to the pound.
PARIS, April 14 UP).—The United
States dollar was quoted at 31.77
francs <3.148 cents to the franc.) in
final foreign exchange transactions
today. This compares with the franc
rate of 3,151 cents in New York over
night. Exchange on London. 158.23.
In the Bourse 3 per cent rentes were
72.05 francs; 4‘2s “A," 75.40; 4Ps
1937, 110.35.
--•
U. S. TREASURY NOTES.
NEW YORK. April 14 <.tv—Prices
Quoted in dollars and thirty-seconds.
Approx.
Pet. Month. Year. Bid. Asked, yield.
•-”» Jun» 133K ... 1(11.14 lol.Id
2'a Sept.. 1338 ... HU.4 101.H
1 ' s Dec , lhtts _101 2 1014
1 'j Mar . 1 farts* ... In! .12 I id . 14
2>« June, item ... 102 1 u m2.15
Pc Sept., licit* _ Kll.22 101,24 .1.1
1 ■*« Dec . I _ lld.22 101.24 .32
ls« Mar.. 1040_ loi.tt mi.5 4s
l'a Julie, !!(4l) _ 101.27 101.23 .til
1 ' - Dec.. 13-40 _j(l).27 101.23 .IS
1'.. Mar.. It'll __ 101.27 101.23 >4
Pc June, 1341 101.17 101,13 ,sii
1 ' 4 Dec.. 1341 _ 101.5 lid.7 31
P« Mar.. 1342 __ 102.21 m2 23 l.oti
2 Sept.. 1342 _ 10-3 2>4 lot! 2s I.in
Pi Dec. 1342 102.27 102 23 l.li
Consumption Up Moderately
but Holds Far Under
Same 1937 Month.
Br the Associated Pres*.
The Census Bureau reported today
cotton consumed during March totaled
510,941 bales of lint and 60,443 of
linters, compared with 427,528 of lint
and 47,888 of linters during February
this year, and 770,942 of lint and
75,301 of linters during March last
year.
Cotton on hand March 31 was re
ported held as follows:
j In consuming establishments. 1
| 771,937 bales of lint and 278.509 of
'linters, compared with 1.814,997 and
273,594 on February 28 this year, and
2.077,932 and 297,713 on March 31
last year.
In public storage and at compresses
10.956,051 bales of lint and 91.036 of
linters, compared with 11,655,837 and
86.103 on February 28 this year, and
j 5.035,789 and 71,862 on March 31 last
! year.
Imports for March totaled 14.350
| bales compared with 18.797 in Feb
| ruary this year, and 45,239 in March
| last year.
txpom for March totaled 425.888
bales of lint and 24.225 of linters,
compared with 398,744 and 21.432 dur
ing February this year, and 467,706
and 29.426 during March last year.
Cotton spindles active during March
numbered 22.288.093. compared with
22,356.638 during February this year,
and 24.640,046 during March last year.
Cotton consumed during March in
cotton-growing States totaled 428.309
bales, compared with 360.558 during
February this year, and 639,818 during
March last year.
Cotton on hand March 31 included:
In consuming establishments in
cotton-growing States. 1.483.898 bales,
compared with 1,529.373 on February'
28 this year, and 1,709,987 on March
31 last year.
In public storage and at compresses
in cotton-growing States, 10.868,803
bales, compared with 11.565.954 on
i February 28 this year, and 4,924,567
on March 31 last year.
Cotton spindles active during March
in cotton-growing States numbered
36.790.022, compared with 16.882,508
during February this year, and 17,
> 760,526 during March last year.
Monthly Payment
REAL ESTATE
LOANS
On Improved Property
INTEREST
No Renewal!
Consult Real Estate Department
American Security
AND TRUST COMPANY
main office: Fifteenth St. and Pennsylvania Ave.
Branch Offices
7th and Mass. Ave.,N. W. Seventh and E St., S. W.
Eighth and H Sts., N. E. 1140 Fifteenth St., N. W.
WE ARE PLEASED TO ANNOUNCE THAT AS OF
APRIL 15th, 1938, THE UNDERSIGNED WILL BECOME
MEMBERS OF OUR FIRM.
MR. HENRY W. BULL
MR. FERRY K. HEATH
MR. WILLIAM J. CUNNINGHAM
MR. MALCOLM S. McCONIHE, JR.
MR. GEORGE F. BRENNAN
WINTHROP, MITCHELL & C2
Members New York Stock Exchange
** ' ’ Chicago Board of Trade
end other leading Exchanges
WASHINGTON NEW YORK
SECURITIES BUILDING 36 BROADWAY
District 6040 Dig by 4-4848
CHICAGO
BOARD OFTRADE BLDG. HOTEL BILTMORE
Wsbttar 3123 Murray Hill 2-238^J
WILMINGTON
DELAWARE TRUST BLDG.
Wilmington 624)

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Evening star. [volume], April 14, 1938, Page A-23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972