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Evening star. [volume] (Washington, D.C.) 1854-1972, March 06, 1939, Image 12

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D. C. and Maryland
Bankers to Attend
New York Parley
Two Capital Speakers
On Program Covering
Management Problems
By EDWARD C. STONE.
District of Columbia and Mary
land bankers will be among the
2.000 financiers expected at the
Eastern Regional Conference on
savings and
c om mercial
banking, which
opens in New
York Wednes
day, continuing
through Friday.
Philip A. Ben
son, president of
the American
Bankers’ Associ
ation. will pre
side at the open
• ing session.
W. R a n dolph
Burgess. Nation
al City Bank,
and P. R. Wil
Arthur J. Linn.
liams. vice president. Bank of Amer
ica and president of the saving di
vision of the A. B. A., will appear
with Mr. Benson at the first general
session.
The program includes some 50
speakers, among them being Arthur
J. Linn, controller of the Hamilton
National Bank, this city, who will
appear at a round-table conference
Wednesday afternoon, on operation
problems of commercial banks. His
subject will be "Expense Control.'1
Another speaker from Washington
will be Dr. Ernest M. Fisher, eco
nomic adviser and director, division
of economics and statistics. Federal
Housing Administration. He will
speak on "A Sound Mortgage” at the
round-table conference on savings
banking problems Wednesday aft
ernoon.
Peoples Drug Sales Climb.
Sales of Peoples Drug Stores, Inc.,
in February, totaled $i.737.147.47, in
comparsion with $1,658,153.26 in
February, 1938, an increase of $78.
994 21, or 4.76 per cent, it was an
nounced at the head office of the
big drug chain here today.
Sales in the first two months of
4he present year amounted to $3,
510,367.74 against $3,404,288.09 in
January and February of last year,
B gain of $106,079.65. or 3.11 per cent.
Peoples Drug sales in January to- ,
taled $2,475,792.79. which was an
Increase of $48,801.56 over January,
1938, or 2.01 per cent. The February j
percentage upturn was well ahead
of January.
Association Chief Returns.
Hilleary G. Hoskinson, president
of the District Bankers' Association
and one of the vice presidents of
the Riggs National Bank, was back
at his desk today after a month's
vacation in Florida. He reports Flor
ida resorts as having one of the
best seasons in years. There are
absolutely no indications of any j
business recession, judging by the
number of visitors there and the
amount of money being spent.
H. Prescott Gatlev. president of
the National Savings & Trust Co.,
who is now in Arizona for a winter
rest, reports that lie is very pleas
antly situated. He will remain there
some weeks.
Eliot H. Thomson. Washington
Loan & Trust Co., will give the first
of a series of 10 addresses before
employes of the Marshall Bank &
Trust Co. at Marshall, Va.. Thurs
day night. He will discuss public
relations. The other speakers will
also be from Washington.
Robert C. Jones, head of the in- j
vestment banking firm bearing his i
name, left Washington yesterday for
a vacation in Punta Gorda, Fla.,
where he will try his luck at tarpon
fishing.
Exchange Trading Expands,
Dollar values of all sales on the
Washington Stock Exchange in
January was notably ahead of the
same period in 1938. the Securities
and Exchange Commission reported
today. All sales totaled $121,710 in
January this year, against $90,520
in January, 1938. Sales were slight
ly lower than in the previous month.
December business amounting to
$122,869.
Stock sales alone in January were
$86,659, against $93,082 in December
and only $70,354 in January a year
ago. The number of shares chang
ing hands in January was 983. com
pared with 1.449 in January of last
year and 1.586 in December, the
commission said.
Bond sales were ahead of the
previous month and the same month
last year, the report showed, total
ing $35,051, against $29,787 in De
cember and $20,166 in January. 1938.
Total principal amount of bonds
sold was $34,500. also well ahead of
January, 1938.
Upham Sees Business Gaining.
The present banking situation, as
far as the national banks are con
cerned. is “very good," Cyril B. Up
ham. deputy controller of the cur
rency. declared before a House sub
committee on the 1940 appropria
tions measure for the Treasury De
partment.
Mr. Upham said the business “at
mosphere is getting better.” “Visit
ing bankers seem to think that the
last two or three months show some
increase in business.” he added.
Mr. Upham denied that banks are
heavily laden with Government
bonds, or that the condition is not
wholesome in this respect.
He explained that banks prefer
to make good business loans. "And
when those are not available to
them,” he said, “they invest their
money in bonds and securities.”
Financial District Comment.
Employes of Sears. Roebuck & Co.
in Washington will have a dinner at
the Hay-Adams House this evening.
The Association of Reserve City
Bankers will hold their annual con
vention, May 8 to 10, at Del Monte.
Calif. A very limited number of
Capital bankers are members.
Morton Bodfish, executive vice
president of the United States
Building and Loan League, is op
posed to any increase in Federal
Housing Administration mortgage
insurance. He sees no reason for
Government competition with pri
vate lending institutions.
Ten shares of Washington Gas
Light preferred stock sold at 105 on
the Washington Exchange today.
Three 10-share sales of Gas common
appeared on the board at 30, up
1 point.
Potomac Electric Power 6 per cent
preferred stock sold to the extent of
10 shares at 115 today, a half point
under the last sale. Bonds were
neglected, bid and asked prices being
unchanged.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private Wire Direct to TH« star.
2:30 p.m.
Prev. 1939 Stock and Sales— Net.
High. Low. Dividend Rate Add 00. High . Low. Close, chge.
59* 55 Abbott Lab(l.60a). 2 59* 59* 59*
126 126 Abbott Lab pf(4.50) 1 126* 126* 126*+*
11 8* Adams Exp (,20e)_ 2 10 9* 9* — %
25 19* Adams-Millis ,25g., 1 23* 23* 23* - V4
27* 24 Addressog’ph(1.40). 1 26* 26* 26* — *
65* 54* Air Reduct'n (la).. 2 68* 57* 67*+ *
10 9* Alaska Juneau (1).. 8 9* 9* 9* — *
1* * Alleghany _ 5 1*1 1 — *
14* 10 Alleghany $30 ww.. 7 13* 12* 12*— *
13* 9 Alleg pf $40 ww._ 5 11* 11* 11*-*
12* 8* Allegh'y pf xw 3 11* 11 11 - *
18* 13 Alleghany pr pf 5 17* 16* 16* — *
28* 20 Alleg-Ludlum Steel 17 23* 22* 22* -1*
11* 8* Allen Industries_ 2 10* 10*4 10* — %
193 170*. Allied Chem (6) ... 4 180* 177* 179* +2*
13* 11* Allied Mills (,75e).. 3 12* 12 12*-*
11* 8* Allied Stores _. 19 10* 10* 10% + *
48* 39* Allis-Chalmers 1.50 15 46* 45* 45* -1
19* 15* Alpha Port C(.25g). 4 18 17 18
2* 1* Amal Leather_ 4 2* 2* 2*
69* 60* Amerada (2) .. .. 4 62* 62* 62*
24* 19* Am Ag Ch(Del).35g 5 20 20 20 -%
17* 13* Am Bank Note ,20g 5 16* 16* 16* — %
60 56 Am Bank N pf (3).. 350s 60 58 60 +2
8 5* Am Bosch _ 2 ’ 6* 6* 6* — *
54* 42*. Am Brake Sh (1) .. 2 48* 48 48 - *
132 129 Am Br Sh pf (5.25). 10s 132* 132 132*+*
100* 88 Am Can (4) 4 93* 93* 9.3*
178* 167*. Am Can pf (7)_ 4 168* 168 168
35 24* Am Car & Fdy 6 30* 29* 29* —1*
55 41 Am Car&Fy pf 2.50a 1 49 49 49
24'.. 19 Am Chain &C.lag.. 5 22* 22 22 -*
113 112 Am Chain&C pf (5). 4 112*112 112*
8* 6* Am Colortypc . 1 8* 8* 81* — *
ll's 8* Am Comc’l Alcohol. 2 9* 9* 9* — *
66 61 Am Crystal S pf(6). 20s 64* 64 64 — *
5* 3* Am Encaustic Til7 4* 4* 4*
3* 2* Am & Foreign Pwr. 5 3* 3* 3% — *
15* 12 Am & For P $6 pf 3 13* 13* 13* - *
19* 15* Am & For P $7 pf... 2 17* 17* 17* - *
9* 7*. Am & For P 2d pf _. 2 8* 8* 8*— *
5* 4* Am Hide& Leather. 2 4* 4'* 4'* — *
1* 1* Am Ice .. __ 2 1* 1'* 1*
» 1 ‘ s Am Ice pf _ 1- 17% 17% 17% - %
' i 6 Am International... 1' 8% 6% 6% - %
20’, 21 % Am Locomotive .. 12 26% 26% 26% — %
79% 65 Am Locomotive pf.. 1 70% 70% 70% - %
15% 13 Am Mach & Fy (.80) 4 14% 14”, 14%+ %
4% 3% Am Mach & Metals. 2 4 3% 3% - %
40% 32 Am Metal3 (.250... 13 38 36 36% +1%
26 23 Am News (.250 ... 10s 24% 24% 24%+ %
7 5% Am Power & Light. 15 6% 6% 6%
. 43% 32% Am P&L $5 pf 1.25k 16 44 43 43 - %
48% 38 Am P&L $6 pf 1.50k 12 49% 48 48 - %
18% 14 Am Radiator ... 66 16% 16% 16% — %
22’% 16% Am Rolling Mills 7 18% 18% 18% — %
72% 62% Am Rolling Mills pf 2 65% 65 65 —1
15% 13% Am Safety Raz 1.20 • 3 15% 15% 15%
33% 29 Am Shipbuild'g<2) 80s 32% 32 32 — %
53% 4 Is, Am Sm & Ref< .50g) 30 47% 45% 46% — %
134 129% Am Sm & R pf (7>__ 5 132% 131% 132% + %
41 29% Am Steel Foundry.. 16 35% 34”, 34% — %
13% 8% Am Stores . 1 11% 11% n%
22% 19% Am Sugar Refining. 3 20% 19-% 19% — %
91% 82% Am Sugar R pf (7) 11 81% 78% 78% -3%
18%. 17 Am Sutnat Tob(la). 1 17% 17'% 17”, + %
160% 149', Am Tel & Teles; (9). 12 161% 160% 160% + %
87% 80% Am Tobacco (5) .. 2 85% 85% 85'% - %
89=4 83% Am Tobacco(B) (5). 3 88% 88%. 88% + %
153 147 Am Tobacco pf (6). 3 151% 150 ’ 150 -1%
8% 5% Am Type Founders. 2 7 7 7 — %
14% 11% Am Water Works . 14 13% 13% 13% — %
90% 82 Am W W 1st pf (6). 1 90-% 90% 90%+%
6% 5 Am Woolen _ 1 5% 5% 5%
43% 36% Am Woolen pf_ 5 38% 38 38 - %
7'% 5% Am Zinc _ 4 6% 6% 6% - %
36% 26 Anaconda Cop 25g x 142 32% 30% 31 - %
54% 45 Anaconda Wire & C. 1 52% 52% 52%+ %
20% 17 Anchor Hoc GI .15g. 4 17% 17% 17%+ %
15% 11% Andes Copper*.25e) 3 13% 13%. 13% — %
29%. 25% Arch-Dan-Mid 25g. 2 27 27 27 — %
103% 101 Armour* Del )pf (7). 1 102% 102% 102% — %
6% 5 Armour (111) ... 14 5% 5% 5% — %
52 44. Armourdlllpr pf... 1 45% 45% 45%
58 45% Armstrong C’k 25g. 3 48% 48% 48%-%
12% 9% Arnold Const .375g. 3 12% 12s, 12%
10 , 8 Artioom Corp . 1 ’ 8% 8% 8% — %
76%. 73 TVrtloom Corp pf (7) 10s 77 77 77 +5%
10% 7% Assoc Dry Goods 20 10% 9% 9% - 1*
95%. 90 Assoc Inv pf ww(5) 20s 96 96 96 + %
42% 31% Atchison . ._ 32 39% 38% 38% - %
69% 59% Atchison pf(lg)._. 4 69% 68% 68%
30% 20 Atl Coast Line .._ 7 25% 25 25 — '1
8% 6% Atl Gulf & W lnd._. 1 8 8 8 - %
16 11 Atl Gulf & W 1 pf... 5 16% 15% 15%-%
23% 20% Atl Refining (1) 6 22 22 22
110 106',a Atl Refining pf (4). 1 107%. 107%. 107% +1
8% 7% Atlas Corp *.50e)._. 11 8% 8% 8% - %
4% 3% Auburn Auto (r)_ 2 4% 4% 41, — %
30% 23 Austin Nich pf (A). 20s 28 28 28 +1
8% 6% Aviation Corp.. .. 21 7 6% 6% - %
4‘% 12% Baldwin Loco ctfs.. 60 16% 15% 15'w — %
8:li 5%Balto&Ohio _ 15 7 6% 6% — %
101, 6% Balto <t Ohio pf_ 2 8% 8% 8% — %
87% 70 Bang & Ar pf (5)_ 10s 75% 75% 75% - ■%
21% 15% Barber Asphalt_ 5 19% 18% 19 + %
13 9% Barker Brothers_ 1 10% 10% 10% - %
19%. 14% Barnsdall < 1) 21 17% 16% 17
21% 18 Bayuk Cigar (.75) _ 2 21% 21% 21V,
20% 17% BeatriceCrea (la)_ 1 20', 20% 20',- %
8% 7%. Belding-Hem (.70). 1 8% 8% 8% + %
29% 22'% Bendix Aviation 28 27 26% 26% — %
21 18% Beneficial L (,45g).. 4 21 20% 20% - %
52", 51% Benefic’l Ln pf 2.50. 1 52% 52% 52%
55 49 Best&Co (1.60a)... 2 53% 53% 53% 4- ,,
SO 60'i Bethlehem Steel ... 54 75 72% 73 — 1%
18 16% Beth Stl 5% pf (1).. 2 17% 17", 17%+ %
115 106% Bctli Steel pf (7)_ 2 112% 1127, 112",
27 22 Bigelow Sanford .. 1 26 26 26 — 74
22% 17% Black & Decker (1). 1 20 20 20 + %
17% 13 Blaw-Knox 7 14% ]41.4 14% - %
20%. 19% Bloomingd'le.l875g 70s 20% 19% 20% +1%
34% 24% Boeing Airplane . 33 30% 29 29% -1%
110 104 Bon Ami (A) (4a) . 10s 107% 107% 107'% - %
28% 22% Bohn Alum&B ,25g 2 25% 25%. 25%
55 51 Bon Ami(B)(2.50a) 40s 54% 54% 54% - %
18% 12% Bond Stores (.80)_ 3 18% 17% 17% - a,
20% 16% Borden Co (,30g) . 25 20% 20% 20% — %
32 23% Borg-Warner(.25g) 31 28% 27% 27%
2% 2 Boston & Maine _ 2 2% 2% 2%
27 24 Bower Roll Brg (2). 1 25 25 25
7% 6 Brewing Corp 30g_. 1 7% 7% 7%
15% 11% Bridgeport Brass... 6 14% 14 14 — i,
31% 22% Briggs Mfg (,25g)_. 16 28 26% 26% -1%
46% 43 Bristol-Myers 2.40 1 45s, 45% 45%
13% 10% Bklyn-Man Transit. 30 11% 11% 11% + •%
4.3% 37% Bklyn-Man Tran pf 5 40% 40 40% +
2 1% Bklyn & Queens . 2 1% 1% 1%
10 S'- Bklyn & Queens pf_. 2 8% 8%. 8% — %
19% 15% Bklyn Union Gas_ 11 19% 18% 18% — %
137, 10 Bucvrus-Erie _ 12 11% 11% n% _ as
98 96 Bucyrus-E pf (7)_.. 10s 99V, 99% 99% +1V4
8 6 Budd Mfg - 7 6", 6% 6% - %
55% 42% Budd Mfg pf_ 60s 47% 47 47 - %
5% 4% Budd Wheel_ 2 4% 4:% 4% — %
30 23% Bullard Co _ 3 27V, 27 27% — %
32% 24% Bulova Watch (2)_ 6 32% 32 32 + %
15% 12% Burling’n Mills (1). 2 15% 14% 14% - %
18", 15% Rurr’s Add M(.10g). 3 17% 17% 17% - %
2% l’% Bush Terminal .. 2 2 1% 2
9% 7% Butler Bros L15g)_. 12 8% 8% 8% + %
23%. 19% Butler Br pf (1.50). 2 23% 23% 23%+ V4
4 3V« Butte Copper „ 3.3 4% 3% 3% + %
17% 14% Byron Jackson 25g. 1 16% 16% 16% + %
18% 15% California Packing- 6 18% 18 18 — %
2% % Callahan Zinc _ 12 1% 1 1
8% 6'2 Calumet & Hecla_ 19 7% 7 7% + %
17% 14 Campbell Wyant_ 1 15 15 15
20% 17 Canada Dry _ 18 18% 18% 18% — %
6% 4% Canadian Pacific_ 6 4% 4% 4’,
32% 30% Cannon Mills!.25g). 2 31% 31% 31% — %
20%. 17%. Carpenter Stl .15* - 1 18% 18% 18%+ %
3’, 3% Carriers & Gen 05*. 4 3s, 3% 3%
94% 82 Case(Jl)(5e) 2 91 90 90 -1
122% llfi Cased l)Co pf(7)_. 160s 121% 121% 121% — %
53% 42 Caterpill Trac (2)_ 6 53% 53 53%
24% 17% Celanese Corp_ 12 22% 21% 21% — %
19% 14% Celotex Corp _ 22 17% 17 17
5% 3% Central Foundry 2 4% 4% 4%
111 110 Cent 111 Lt pf(4.50)_ 10s 110 110 HO -1
9%. 7 Central RR of X J . 1 7% 7% 7%
95 88 Century R M pf (7). 20s 95 95 95
52% 39% Ccrrn de Pasco(lg). 14 43 42% 42% — %
13 9% Certain-teed _ 19 11% 10’, 11%+ V,
47% 3 7% Certain-teed pf _120s 44 43% 44 +
30 23% Champ Paper & F_ 2 28% 28% 28% — %
24% 19% Ches Corp (.85*)— 1 24 24 24 - %
39% 31 Cites A-Ohio (2) ... 32 39% 38% 39 + %
3% 2% Chi & East 111 pf (r) 13 3 3 + *»
3’, 2% Chi Grt West pf (r). 4 2% 2% 2%
12% 11 Chi Mail Order 25*. 3 11% 11% 11%
1 % Chi & X'orthwn (r).. 1 •% % %
3% 2% Chi & X’orthw pf (r) 2 2% 2% 2%
20% 15 Chi Pneu Tool 5 18% 18% 18% — %
37% 34% Chi Pneu T cv pfd) 1 38% 38% 38%+%
1% 1 Chi RI&P 7%, pf (r) 1 1% 1% 1%
8% 8% Chi Yellow Cab (1). 2 8% 8% 8%
14% 12 ChicashaCO- 4 13 12% 13 + ■%
13% 9% Childs Co -- — 1 11% 11% 11%-%
.3.3 28 Chile Copper (.50g). 10s 31% 31% 31% +1%
84 66% Chrysler (lg) . 65 83% 81% 82 -1
82 79 City Ice & F pf 6.50. 10s 80 ^ 80 80 -1
4% 3% City Stores — 4 4% 4 4 — %
24% 18'% Clark Equipment— 1 21% 21% 21%
60% 49% Climax Molib 1.20__ 11 51% 50% 50%-%
30% 23% Cluett Peabody .25* 7 30 29% 29%—%
133 125 Coca-Cola (4.50e). . 2 131 131 131 +1
16% 11% Colcate-Pal-P (.50) 15 16% 15% 15%-%
36% 25 Collins & Aik (.25*) 1 32 32 32 - %
106 10,3% Collins & Aik pf(5). 100s 104 104 104 -%
23% 16% Cold Fuel & Iron — l 19% 19% 19%-%
9% 6% Colo & Sou 1st pf— 50s 7% 7% 7% - %
17% 15% Colum BC (A) (1). 1 16% 16% 16%
16% 15% Colum B C (B) (1). 1 16 16 16
9 6% Columbia Gas & El- 175 8% 8 8 — %
88% 74% Col G&E of A (6) .. 2 89 89 89 + %
15% 11 Columb Pic (2.50f). 3 12% 12% 12%-%
.30% 26% Colum Pic.pf (2.75). 1 30% 30% 30%+%
57 46 Cornel Credit (4)_ 4 56 56 56 — %
60 49% Cornel Inv Tr (4)— 10 59% 58% 58%-%
13% 10% Cornel Solvents - 21 13 12% 12% — %
28% 26% Comwlth Edis .40*.. 53 28 27% 27%-%
2% 1% Comwlth & South'n. 38 1% 1% 1% — %
64 45% Comwlth & S pf (3). 5 64 63% 63%-%
.30% 24% Congoleum (.25*) 3 28% 28% 28% — %
25% 18% Consol Aircraft(le) 24 24% 23 23%
88 82% Consol C pr pf 6.50— 80s 85 85 85 —2%
34% 29% Consol Edison (2).. 55 34% 33% 33% - %
106% 101% Consol Edis pf (5)_ 6 107% 106% 106H + %
2% 1% Consol Film_ 2 1% 1% 1%
_ 2:30 p.m.
Prev. 1030 Stock and Sales Net.
High Low. Dividend Rate Add 00. High. Low. Close. ch«e.
114 9 Consol Film pf ,25k. 1 liy* 11 Vi 114
64 64 Consol Laundries_ 2 64 64 64 — 4
94 8 Consol 011 (.80)_ 35 84 84 84
164 124 Container Corp_ 6 144 13*4 134 — 4
224 16 Conti Baking (A)_ 9 204 204 204 — 4
2 14 Conti Baking (B)_ 3 14 14 14 - 4
<4 38 Conti Can (,50c)_ 4 404 40 404
364 32 Conti Insur <1.60a). 2 354 354 354 + 4
4 24 Conti Motor_ 9 34 3 3 — 4
314 26 Conti Oil (Del).25*_. 15 264 264 264
55 49 Corn Exchange (3). 10s 544 644 544 — 4
664 614 Corn Products (3).. 2 664 664 664
64 34 Coty Inc_ 19 64 54 54 -4
38 284 Crane Co_ 16 334 324 324 - 4
110 99V* Crane Co cv of (5).. 2 105 105 105 +4
104 84 Crosley Corp .. 5 104 104 104 + Vi
414 31 Crown Cork & Seal. 3 35 344 344 -4
144 12 Crown Zeller .25fr .. 3 124 124 124 — >*
91 854 Crown Zeller pf (5). 20s 884 88 88 - 4
47** 344 Crucible Steel _ 9 43 414 414 —IV*
96 82 Crucible Steel pf___ 1 844 844 844 + V»
4r* Cuba RR pf _ 20a 5 5ft
4T6 3^4 Cuban Am Sugar__ 14 4 4
1« 134 Cudahy Packing_ 1 144 14V* 14!*- V*
t>!4 5 Curtis Publishing_ 1 514 5!* 5>4 — >4
48 40 Curtis Pub nf(.25k) 2 45'/* 45V* 45V* + V*
7!* 51* Curtiss-Wright_ 180 64 6V* 6s, — '4
28!* 21V* Curtiss-Wr (A)_ 25 25s* 25 25 - H
24!* 18!* Cutler-Hammer__ 5 23 224 23 + 4
23 17 Deere & Co_ 67 2214 22!* 22s. - *«
25V* 18V* Del & Hudson_ 17 23s, 23 23!*+',
8'/* 6 Del Lack & VVn_ 4 7:l* 7'4 74 — "*
Hi v* Den R Gr Wn pf (r) 1 1!4 114 IV.
32V. 27 Devoe & Rayn (A).. 280s 32 30s* 32 + 14
32'/* 28' j Diam’d Match 1.50 .. 1 32 32 32
44 40V. Diam’d Mtch pf 1.50 2 414 41'* 414
9*4 7 Diamond T Motor _ 2 8 71, 8 — 4
204 15*4 Distillers-Seag .50g. 5 201* 20V* 20'% — V4
121* 10!* Dixie-Vortex(.25g). 1 10s* 10s* 10s* — V4
221* 154 Doehler Die Casting 1 184 184 184 - s,
33'* 304 Dome Mines (2) ... 5 324 314 32'%+ 4
78V. 624 Douglas Aircraft_ 25 70s* 68s* 694 —1
135 1144 Dow Chemical (3)_ 2 122 120 122 + 2V%
114 84 Dresser Mfg _ 19 9 9
12 104 Duplan Silk (1) 1 11 11 11 - V*
i 115 1114 Duplan Silk pf (8) .. 10s 115 115 115
156s* 142 Du Pont de N 1.25b.. 8 1504 149 1494-14
121 1174 Du Pont pf (4.50)... 1 120 120 120
184 13 Eastern Air Lines . 14 17s, 164 174
1864 170 Kastman Kodak (6) 4 176 175 175 + '*
S'1. 2V% Eitington Schild .. 2 24 24 24
j 34", 264 Elec Auto Lite .50g_ 21 35 344 344 - Vi
; 154 114 Elec Boat (,60e) ... 7 134 12s, 12s,- 4
3 2 Elec & Music ( 09e). 20 34 3 3
124 94 Elec Pwr & Light .. 32 11s, 11 11 - V*
38 30 Elec Pw & Lt $6 pf. 3 344 334 334 - 4
414 344 Elec Pw & Lt pf_ 12 40', 394 394 - 4
30s, 284 Elec Stor Bat (2)_ 2 304 30 30 - S
334 28 El Paso Nat G (2).. 6 334 334 33!%+ s.
43s* 384 Kndicott-John .75g. 1 394 39'a 394 — 4
111 1054 Endicott-.T pf (5)... 50s 1044 1044 104'*
114 8s, Eng Pub Service _ 81 11', 1"4 10',- v%
j 78 68 Eng Pub Svc pf (5). 2 75 744 744 + 4 j
85 76 Eng Pub Svc pf (6). 1 85 85 85 + 4 I
14 14 Equit Office Bldg_ 3 Is, Is, Is, + 4
24 1!% Erie Bit (r). ... 5 14 Is* Is*- 4
54 34 Erie UR 1st pf (r)_ 1 4 4 4 —4
13 94 Evans Products_ 1 11'% 114 114 — 4
244 184 Kx-Cell-O (,20g)_ 5 22 21s, 21s, - 4
64 54 Fairbanks Co pf_ 50s 6 54 54 -1
434 35 Fairbanks-Morse... 4 424 414 414 —14 !
294 244 Fajardo Sug (,50g). 7 25'* 24. 24'* — 4j
16s, 12!* Fed Lt & Trac .. 2 16 154 154 - 4 :
874 81 Fed Lt & Tr pf (6).. 10i% 864 864 864 -IV,
6 44 Fed .Motor Truck_ 1 4s* 4s* 44
34 24 Fed Screw _ 2 2s, 2s. 24 — 4
14 1 Fed Water Svc (A). 2 14 14 14
254 21 Federated D S(.25g) 3 25 25 25
344 32!% Fidelity Phoe 1.60a. 4 344 34'* 344 — 4
244 194 Firestone (,25g) .. 13 24s, 244 24s, - ',
48s* 41s* First Nalt Strs 2.50. 1 45 454 454 —1
314 24', Flintkote . 41 294 28s, 28s*- '*
36 30 Florence Stov 2.2oe. 1 344 344 344 -6 V*
20 174 Florsheim (A)(1).. 1 19 19 19 - s,
29:* 22 Foster Wheeler _ 2 26'* 254 254 — 4
30 23 Freeport Sulph 23g 3 23 23 23
■1 3 Gair (Robert) 2 34 34 34 — V,
13 104 Gair (Robert) pf... 1 114 114 114
14 114 Gamewel! Corp 20s 134 134 134
74 5", Gar Wood Indust 16 6 6
604 504 Gen Am Trans 2.25e 5 58", 584 58', + 4
10". 84 Gen Baking (,80e).. 5 104 104 104 — 4
18 13 Gen Cable _ 2 154 154 154 - 4
35 254 Gen Cable (A) 2 314 31 31 - 4
254 214 Gen Cigar (.50g)_ 1 24 24 24 + 4
44", 374 Gen Electric (.25g) 74 424 414 414 — 4
414 364 Gen Foods (2) __ 9 414 404 404 — 4
lr* 4 Gen Gas & El (A)-.. 5 1 4 1
78 724 Gen Mills (3) 36 774 754 774 + 24 '
127 123', Gen Mills pf (6) ... 90s 126 126 126
51 42', Gen Motors (.75g)_. 110 504 494 50 - 4
1254 123', Gen Motors pf (5).. 2 124', 124', 1244
64 54 Gen Outdoor Adv 2 5s, 54 54
1084 1064 Gen Print Ink pf<6) 10s 110 110 110 +2
28 194 Gen Rwy Signal 6 244 244 244 -4
91 90 Gen Rwy Sig pf (6) 10s 91 91 91
14 14 Gen Realty & Util . 1 14 14 14
204 174 Gen Realty & U pf.. 4 20 194 20 + 4
41 t 29 Gen Refractories__ 4 34 4 334 334 —14 j
15', 114 Gen Thea Eq (1)_ 1 144 144 114
164 134 Gen Time Instru . 1 154 154 15',
994 994 Gen Time Inst pf 6 30s 9't 99 99 - 4 '
264 194 Gen Tire & Rubber 7 254 254 254 — 4
84 64 Gillette SafR(.60) 22 74 7 74 - 4
514 44 Gillette S R pf (5).. 2 51 51 51 + 4
134 10 Gimbel Bros . 40 134 13 13
614 53 Gimbel Bros pf (6). 1 624 62' • 664+14
244 .19 GliddenCo _ 1 224 224 224 - 4
34 24 Gohel (Adolf) ... 14 34 3 3 -4
24 24 Goebel Brew (.20).. 9 24 24 24
244 184 Goodrich (B F) .. 11 23 22 224 - 4
684 56 Goodrich(BFlpf(5 ) 8 684 654 684 - 4
384 29 Goodyear (.25g)_ 24 344 31 34 - 4
1094 101 Goodyear pf (5) ... 2 1064 106 106>, + 4
5 34 Gotham Silk Hose.. 3 44 44 44 — 4
14 1 Graham-Paiga . 1 14 14 14
74 54 Granby Consul5g). 10 64 6', 6+
154 114 Grand Un pf (,50k). 1 14", 144 144 — 4
314 244 Grant (WTl _ 1 29", 29", 29",
314 214 Great North'n pf 41 i.94 284 28", — 1., '■
164 12", Great N'o O efs 75g. 3 154 15 154 + 4
314 244 Greendl L)(1.60a>. 7 31', 31 314+ 4
214 16 Greyhound ( 80) . 65 21 20", 204
12", 114 Greyhound pf (.55). 2 12 11", 12 — 4
22 16 Gulf Mob & Nor pf.. 1 18', 18', 18':.+ ',
12 84 Hall (W F) Prtg . 2 11', IP, 11",- ',
102 99", Hamilton W pf (6). 10s 1004 1004 1004 + 4
32 23 Harb-Walker(.lag). 2 27 26", 26", + 4
6', 44 Hat Corp (A)_ 1 6', 6', 6',+ 4
44 24 Hayes Body__ 1 34 34 34
114 10 llecker Prod (.60).. 17 IP, IP, IP.
1164 110 Helme(G W) (5a)... 1 1144 1144 114'. + 34
17 134 Hercules Motor _ 2 15 14", 144 — ",
86 71 Hercules Fwdr 40g. 2 764 76 76 — ",
1354 133 Hercules P pf (6) _ 30s 1354 1354 1354 + 4
1094 1044 Hershey cv pf (4a). 2 109 108', 109
51 42 Holland Furn (2) .. 1 474 474 474
110 106 Holland Furn pf(5) 50s 109 108', 109
9*4 74 Hollander (A) 2 9", 94 9", + 4
654 614 Homestake (4.50)_ 7 65 644 644 — ' .
35 30 Houd-Her(A) (2.50) 3 354 354 354 + 4
174 124 Houd-Hershey (B). 14 15", 15 15 — y,
8s, 64 Houston Oil ... 8 74 74 7",
54", 44 Howe Sound (3a) . 1 54", 54", 54",
35", 304 Hudson Bay (1.50e) 26 334 33 33 -4
54 54 Hudson & Man pf... 1 54 54 54 + 4
84 64 Hudson Motor_ 5 7", 7', 74 — 4
24 14 Hupp Motor_ 6 1", 14 14 — 1,
204 144 Illinois Central _ 5 18 174 17'i — »,
35 25 Illinois Central pf... 1 294 29'a 294
454 41 Illinois Cent LI*(4). 60s 474 464 464 + V)
294 24 Industrial Rayon .. 1 264 264 264
944 79 Inland Steel (.50g). 3 914 89 89 -14!
174 12 Inspiration Copper. 30 154 144 141,
5 44 Insuranshares'.20e. 5 5 5 5^
94 64 Interboro R T U-)._. 2 84 8 84 — 4
154 104 Interlake Iron * ... 6 134 13 13 — 4
192 173 Inti Bus Mach (6a). 2 1934 192 192
654 52 Inti Harvester 1.60. 13 654 624 63 —14
84 64 Inti Hydro-El (A).. 8 74 64 64 -4
44 34 Inti Mercantile Ma. 1 34 *4 34
554 46 Inti Nickel (2) .. .. 27 534 524 524-14
144 104 Inti Paper & Power. 32 124 124 124 — 4
514 404 Inti Paper & Pw pf. 8 444 434 43a, — 14
„ 5 34 Inti Ry Cent Am 40s 5'4 5 54 + 1,
48 394 Inti Ry C A pf 1.25k 130s 51 494 50 +4
34 29 Inti Salt (1.50)_ 2 .314 314 .314
35% 314 Inti Shoe (1.50)_ 1 334 334 33'.,
29 227* Inti Silver _ 2 284 28 284 + 4
9% 74 Inti Tel & Teleg_ 24 94 8% 84 — 4
9T* 74 Inti T & T for ct_ 7 94 94 94 — 4
144 11 Interstate Dept St.. 2 134 134 134. — 4
104 94 Intertype Co t.45e)_ 1 104 10'/, 104 + 4
204 19% Island Crk Coal (2). 1 204 204 207, + V)
754 70 Jewel Tea (4) _ 1 75 75 75
105 87 Johns Manville__ 9 96 954 96 + 4
64 51 Jones & Laugh pf— 1 55 55 55 _
194 154 Kalamazoo S .125g..’ 1 18 18 18 + 4
114 74 Kans City Southn— 1 94 914 94
164 14% Kayser (J) (.40g) —. 1 154 154 15'/. — v,
134 94 Kelsey-Hayes (A).. 5 13% 134 134 - %
9% 64 Kelsey Hayes (B)— 11 9 8% 8% — 4
92 80 Kendall pf (6a)- 10s 817) 814 814+14
44% 334 Kennecott (.25g)- 96 39% 38% 38% - %
13 10 Keystone Stl ,30g—. 5 13 124 124 — 4
24 14 Kinney (G R) _ 1 24 24 24
19 137a Kinney (GR) $5 pf.. 20s 18 18 18 — %
234 20% Kresge(S S) (1.20).. 7 234 23 23
27V* 25'* Kress(S H) (1.60)— 2 27 27 27
25 20% Kroger Groc (1.60). 7 244 247) 2474 — 14
234 17Vi Laclede Gas pf ... 30s 204 204 204 + 71
164 14 Lambert Co (.375g). 3 16% 1674 16%
32% 25 Lee Rub & T (.50g). 10 32'* 31% 31% _ u
244 19% Leh Port Ce (.25g).. 2 24 4 247) 244 —4
3 2 Leh Valley Coal pf. 2 27* 2% 24 — 4
5% 44 Leh Valley RR .. 5 54 5 5% _
274 22 Lehman Corp(.20g). 11 25V* 25 25 — v.
12V* 10% Lehn & Fink ( 25g). 2 127*. 12 12
324 27% Lerner Stores (2)... 1 31 31 31
54 43 Llbbey-Ow Fd .50g. 6 504 494 494 —1
6% 54 Libby McN & Lib .. 3 6 54 54
107% 1007* Llgg&Mv(B)(4a). 1 1067a 1067a 1064 - 4
176 1734 Ligg & Myerj pf(7) 1 175 175 175 —1
4074 29'/* Lima Locomotive... 3 35% 354 357)+ 4
19 16 Liquid Carb (.40g)_. 2 184 18'/* 187, _ .4
5474 45% Loew’sInc(2) _ 18 50% 494 494—1
1074 1064 Loew's Inc pf(6.50). 1 107% 107% 107% + 4
114 84 Loft Inc- 169 107* 9% 9% + 4
62 52 Lone Star C (S)_ 4 564 56% 564 + 4
409 105 Looee-Wlles pf (5). 10s 109 109 109
2:30 p.m.
Prev. 1039 Stock and Sales— Net.
Hleh Low. Dividend Rate. Add 00. Hleh. Low. Close, chge.
24%- 20% Lorillard (,30g)_ 8 23% 23% 23'/,
15374 14774 Lorillard pf (7)_ 10s 150% 150% 150% +1%
19% 15% Louis G&E(A)1.60_. 11 1974 19% 19%+%
68 48 Louis & Nash <lg)_. 3 54% 53% 53'/, -1%
33 29% Me And & Forb (2 >_ 2 31 31 31 -1
13% 11% McCall Corp (1)_ 5 13% 13 13%+%
13 9% McCrory Strs 21 13% 12% 12%-%
22% 18% McGraw Elec < 1) 2 2C% 20% 20%+%
10% 8% McGraw-Hill(.15k). 6 10 9% 10 + %
57% 50 McIntyre Pore (2).. 3 57', 57% 57% - %
18% 13% McKeesport Tin_ 4 15 14% 147+ — %
974 7% McLellan Strs 40b. 3 9% 9% 9%
30% 22% Mack Trucks _ 7 28% 28 28 — %
43% 37'% MacytR H)(.50r).. 4 42% 42% 42% — %
38% 30% Magma Copper ,25g. 1 34". 34% 34% — 74
1% 1% Manati Sugar _ 2 1% 1% 1% + %
77, 5% Mandell Bros ,45k . 3 7% 7 7 — %
874 7'% Man Ry mod gtd(r). 2 8% 8% 8% + %
13 11% Manhat Shirt (.80). 2 13% 12% 13% +1
5% 4% Marine Midl’d .12g.. 10 5 5 5
7% 6 Market St Ry pr pf. Ida 6% 6% 674 - '4
15% 11% Marshall Field_ 6 14% 14% 14% — %
39% 27% Martin (Glenn)_ 41 36% 35% 35% -1%
544 3% Martin Parry- 36 4 3% 3% - %
57V, 46% Masonite Corp (1).. 4 52% 52 52 — 74
36 277, Math Alkili (1.50).. 7 29 28% 28%
175 164 Math Alkili pf (7).. 60s 172 172 172 -3
50% 44% May Dept Strs (3).. 2 50% 50 50
34% 2874 Maytag Co pf (3)... 1 35 35 35 + %
11% 974 Mead Corp _ 3 1074 10% 1074 — %
65% 49 Melville Shoe(.75g) 1 55 65 55 - %
6% 4% Mcngel Co . _. 1 5% 5% 5% — %
2874 24% Mengel 5% pf 2.50.. 170s 27% 27 27%+ %
39% 34 Mesta Mach (lg)... 4 38% 38 38 - 74
12% 8% Miami Copper ... 16 111, 10% 11 + %
16% 1344 Mid Cont Pet (,60e). 1 15% 15% 15% + %
29 20% Midland Steel(.BOg). 3 27% 2774 27% - %.
8514 69 Minn-Hon Ros (2).. 1 76 76 76 + %
6% 474 Minn-Moline Imp... 2 5% 5% 5% — 7*
9% 6% Mo-Kan & Texas pf. 5 7% 7% 7% — %
2'/t 1% Mo Pacific pf (r)_ 2 1% 1% 1% — %
111 96 .Monsanto (2) .. 3 98% 98% 98% + %
119% 115% Monsanto pf (4.50). Ids 118 118 118 + %
52% 44% Montgo Ward .75g . 58 52% 52 52
36% 32 Morris & Es (3.875) 10s 35% 35% 35%
19 14 Motor Products _ 1 16% 16% 16%
15% 13 Motor Wheel ( 40g) 4 15% 15% 15%
7% 574 Mullins Mfg (B)_ 4 6 6 6
43% 36 Mullins Mfg pf_100s 41% 41% 41%
14 11'.4 Munsingwear _ 1 14% 14% 14% + %
64% 52 Murphy (G 0(3)._. 7 63 62 62 -2
9% 6% Murray Corp..- 6 7% 7% 7% — %
rD Aash-Kelvlnator_ 45 8'* 8D 8D — ",
25b 18b Nash Chat & St L._130s 24D 23 23 —lb
15"» 11", Natl Acme .. ._ 10 15*, 15b 1514 — %
14D 10D Natl Aviation (,25g) 4 12b 12 12 - ",
20 23'. Natl Biscuit <40g). 22 20 25", 26 + b
15D 13', Natl Bond & In ,20g. 2 15 15 15 — •*,
23 20 Natl Bd & Sh (.lag). 1 23 23 23
20' i 21b Natl Cash Reg (1).. 5 23b 23b 23b
12b 12 Natl Cyl Gas ,40e... ft 12b 12b 12b
15'* 12'* Natl Dairy (,20g)_ 23 15 b 15 15 -D
8 ft", Natl Dept Stores __ 0 7*. 7'. 7*. + b
28'* 23". Natl Distillers (2).. 15 26b 26b 26b + '.
10D 12D Natl Gypsum . 29 15". 15'. 15b — b
104b 102 Natl Gyps’m pf 4.50. 1 104b 104b 104b — b
27'* 22 Natl Dead (.50) 24 24 23b 23b— b
109D 105 Natl Dead pf(A)<7) 1 100 100 100 -2D
27b 18b Natl Malleable Stl.. 3 24b 24 24 —lb
9b 7b Natl Pwr & D (.60). 87 9b 9'. 9'.
81'* 08'* Natl Steel (1)_ 3 70 4 76b 76b
15'* 1 lb Natl Supply _ 10 13'* 13 13 — b
20 10 Natl Supply $2 pf_ 4 18 17'* 18
4'i 3D Natl Tea Co ... 1 3". 3D 3D
lib 10 Natomas Co f.SOa).. 1 11 11 11 — '.
24 19". Neisner Bros (1)_ 1 22'* 22'* 22b +1
17'. 12D Newport Indus_ 0 15b 14". 14". — b
47b 35b N Y Air Brake_ 1 44'* 44b 44b— b
22 b 10 NY Central _ 17" 20'* 19 b 20 — '*
23b 10 N Y Chi & St L_ 4 21b 20'* 20b —lb
38 27". N Y Chi & St D pf... 14 36b 35'. 35b -lb
43'* 32b X Y C Omnibus_ 9 42b 41b 41*, —
3 b 2D N Y Dock _ 80s 3b 3D 3".
9 7 N Y Dock pf_ 50s 8b 8b 8', + ",
lb bNYNH&ll (r) .. 2 1 D D-D
4b 3D N Y N H & H pf (r). 2 3". 3b 3D -
1 b N V Ont & Wn in_ 1 '* '* '* — '.
10', 10b N Y Shipbuilding_ 3 14 13b 13b — ’,
89'* 78'* N Y Shipbldg pf_ l"s 81 81 81 +1
19*, 14 b North Am Avia 78 18b 17 . 17 b - ,
26b 21b North Am Co t.SOg) 33 20D 25'* 25'*- b
57 55 North Am pf (3)_ 2 50 50 50 + D
14", 10'. Northern Pacific_ 32 12", 12b 12', — ",
4b 3*4 Norwalk Tire_ 0 4', 4 4—1,
10b 8b Ohio Oil (.20e).. .. 20 9b 9 9 —
30 22b Oliver Farm Equip. 7 27', 20D 26D — b
20'* 15 Omnibus Corp _ 7 20 19', 19', — ",
8b 0', Oppenheim Coll_ 3 8b 8 8 - D
27', 20", OtisElevator.log.. 0 23 221* 22b — ',
15 10b Otis Steel . ... 9 12b 12b 12', — b
70 00 Owens-Ill-Gl(.50g). 12 07 60 06 — ',
7b 5',-Pac Am Fisheries.. 8 0", O'* 0'*— ',
3D 3 Pacific Coast _. 10s 3 3 3
12'* 10". Pac Finance (1.20). 1 lib 11D 1 lb — b
33b 28 Pac Gas & Elec (2). 8 32D 32", 32D
48b 41', Pac Lighting (3)_ 5 48 47'* 48 — b
14', 11D Pac Mills _ ... 8 13', 12b 13b +1
125 121 Pac T & T (6 50e) _ 20s 120 120 120
HD 10", Pac Westn O(.50e). 2 11 10b 10b—
4b 4 Packard Motor _ 18 4'. 4 4 - 1,
16", 13 Pan-Am Airway_ 3 15', 15b 15', + ',
lb 1 Panhandle _ 2 lb lb lb + b
60'* 52 Paraffine (2)_ 5 54 54 54 — 1.
104 100b Paraffine pf (4)_ 10s 102'* 102'* 102'* —lb
lib ,9b Paramount _. 30 11', 10", 10", - '*
107'* 90'* Paramount 1st (6).. 3 90'* 90 90'* -p"
13". '9b Param't 2d pf (.60). 2 lib lib 11b— ',
2", lb Park Utah .Mines .42 lb lb
43 40", Parke Davis ( 80g)_ 4 43 42", 42b — ",
19 15b Parket Rust (,25g). 1 17 17 17 -l
2", lb Parmelee Trans_ 2 2D 2b 2', — 1,
11 n% mine Him _ 6 9% 9% 9,,
11", 10% Patino Mines (le) . 3 11", 11", H",
85'.- 75% Penney (JC) (.Tag). 3 85% 85% 85%
5', 3% Tenn-Dixie Cem 7 4% 4%. 4% + %
31 26 Penn Dixie pf (A) . 4 31% 30%. 30",+ a,
24", 18", Penn Railroad!.50e) 4.1 23’, 22’, 22% — ",
40", 33. Peoples G & C (lg) . 5 37% 37 37 — %
3% 2", Peoria & Eastern_ 1 3% 31, 3%
17 12% Pere Marquette . _ 5 15 13 14 +1
33% 24% Pere Marquette pf.. 100s 31 30 30", — %
38 28 Pere Marq pr pf_ 280s 36 34", 36 +1%
17", 17 ret Milk (1) 1 17 17 17
9", 8", Petroleum Corp_ 1 9% 9% 9% +
7% 6", Pfeiffer Brewing 3 7", 7%. 7", +
44", 34", Phelps Dodge (25g) 20 40", 40% 40*,+ %
103',. 91'., Philip Morris <3a) _. 13 102%. 100", 101%. -1
154 141 Philip Mor pf (5)_ 1 152", 152", 152", —1%
7 4% Phillips-Jones.. _. 8 4% 4*, 4% — 1,
43', 37% Phillips Petrol (2).. 12 40 39", 40 — ",
8% 7% Pierce Oil pf _ 1 8", 8*, 8", — ',
7%. 5%. Pitts Coke & Iron... 2 5% 5% 5%.
9% 6", Pitts Screw .. 4 8 7", *7", — %
22% 20% Plymouth OiHl 40). 3 22% 22% 22%-*-%
9 8 Pond Crebk Coal__ 1 8% 8% 8'-. — %
16", 11% Poor & Co <B) _ 2 14% 14% 14%-%'
14", 10% Pressed Steel Car... 7 12% 11*, n% — r,
57 53", Proctor & Gam (2). 4 57 56", 56", — %
119", 116 Froc&Gam pf (5).. 10s 118% 118", 118%
37 31", Pub SvclN J)(.60g) 13 37 36", 36*,-%
120% 115 Pub Svc(N Jpf<6)_. 4 120 120 120 +%
158% 150 Pub Svc(N J )pf (8). 30s 157 156 157 +1
39*, 32 Pullman Co (.25g). 13 35", 35% 35%-*,
11% 8", Pure Oil . _ 22 9", 9", 9", - %
81%. 75 PureOilDf(a)_ 1 80% 80%. 80%
15", lO*, Turity Baker(.15g). 3 14", 14% 14% — %,
8%. 6*, Radio Corp ... 247 8% 8 8
67", 61", Radio cv pf (3.50)._ 4 67% 67% 67',— %
2", 2', Radio-Keith-Or (r). 8 2% 2% 2%
22", 18% Raybest-Man ,25g._ 2 19", 19", 19",+ %
23', 20 Rayonier Inc pf_ 2 20 20 20
18*, 14%. Reading Co (1) _ 2 16 16 16 — %
20*, 17** Reading 2d pf (2)_ 3 20%. 20% 20% — %
9% 8 Reis & Co 1st pf- 1 8", 8", 8", + %
17% 12% Rem Rand (.40g)... 6 15% 15% 15%
1", 1", Reo Motor (r)_ 7 1% 1% 1% — %
25", 18 Republic Steel- 37 22% 21% 21% - %
20% 14% Revere Copper- 3 17V* 17 17 — V*
77 76 Revere Copper pf... 20s 77 76 76 —1
14",. 11", Reynolds Metals_ 3 12% 12% 12%
11% 7% Reynolds Spring __ 6 9% 8% 8% — %
58 55 Reynolds Tob(.50g) 20s 54% 54% 54% — %
45 37% Reyn Tob(B) <.50g). 17 38", 38% 38%-%
10% 8", Richfield Oil_ 26 9% 9% 9",
39% 29 Safeway Stores .50g 8 37% 37% 37% — %,
_ ._ 2:30 B.m.
Prey. 1830 Stock and Sales— Net.
High. Low Dividend Rate. Add 00. Hiah Low. Close. ch*e.
98 82% Safeway pf (5)_ 20* 97 97 97
107 96 Safeway pf (6)_ 20* 106% 106'. 106% - %
112 104% Safeway S pf (7)... 10* 111% 111% 111% - %
46% 37% St Joseph I,d(.23k). 2 40 40 40 + %
17% 13% Schenley Distillers. 10 17% 16% 16% — %
1 % Schulte Retail S(r). 11 % % %
49 45% Scott Paper (1.60)_.x 16 48% 48% 48%-%
22% 19 Seaboard Oil (1)__. 1 20% 20% 20% + Vi
75 67 Sears Roebuck (3).. 23 75% 74% .74% - %
18% 15 Servel Inc (1)_ 13 17% 16% 16% - Vi
21% 15% Sharon Steel_ 1 18% 18% 18% - Vi
7% 6% Sharp & Dome 5 6% 6% 6% - %
50% 47 Sharp & D pf (3.50). 2 60% 50 50
11% 10%Shattuck (FGH.40) 8 11% 11 11 — V,
36 28 Sheafter Pend.25r) 40* 31% 31% 31%-%
15% 11% Shell Un Oil (,70e).. 2 13V, 13 13 -V.
107 104!, Shell lln O pf(5.50). 1 106 106 106
7 5% Silver King Coal'n.. 9 5% 5% 5%
32% 25% Simmons Co (1.25e) 7 30 28% 28% -l'i
29%. 21 Skelly Oil (le) 5 25% 25% 25% - %
19% 14% Smith (AO) _ 1 16% 16% 16% - %
1.6V, 13% Smith & Corona(1). 1 16% 16% 16%. +1
17 12% Snider Pkg . 6 16 15% 15V,
13% 12 Socony-Vac’m .25g. 62 13% 13 13 - %
18% 16% So Porto It Sug ,50k 3 16% 16% 16% - %
27% 23!, Southn Cal Ed 1.50a 7 27 26% 26% - %
21% 15 Southern Pacific_ 65 19% 18% 18%-%
23% 16% Southern Railway.. 32 2D, 20 20% -1%
33% 23% Southern Rwy pf... 31 31V, 30% 30% — %
39', 37 Southn Ry AI&0(4). 1 39% 39% 39%
4H 35% Spalding 1st pf . .. 20s 48 47% 48 + V,
3% 2V, Sparks WithinKton. 4 3% 3% 3% + %
4 ‘* 40 Sperry Corp (1.60e) 31 44% 43% 43% — %
15% 11% Spiegel Inc.. . .. 131 15% 15% 15%+%
72% 62% Spiegel Inc pf 4.50.. 180s 73% 72% 72% + %
30 24 Square D Co (,15g). 4 29% 29 29!,+ %
'% 6% stand Brands ,25k.. 27 7% 7 7
101 98 Stand Br’ds pf 4.50. 2 100% 100% 100%+ %
2% 1% Stand Com Tob (r). 1 1% 1% 1%
4% 3% Stand Gas & Elec . 12 4 3% 3%
10% 8 Stand Gas & Elec pf 8 9% 8% 8% - V,
20%. 17 Stand G&E $6 pr pf. 1 19% 19% 19%
24% 19% Stand G&E $7 pr pf. 5 24 23% 23%
29% 26% Stand Oil Cal (la).. 14 28% 28 28 - %
29% 26% Stand Oil Ind d) .. 6 27% 27 27%+ %
53% 47% Stand Oil N J (la).. 20 49% 49% 49% - %
33% 26 Starrett (ES) ,25g - 2 32% 32 32%.
73% 69 Sterling Prod(3.80). 8 74% 74 74% + %
12% 9% Stewart-Warner_ 6 11% 11 11 — %
6% 5 Stokely Brothers_ 4 5 5 5 - %
17% 13% Stone & Webster_ 30 15% 15% 15% — %
«•!» otuaebaker_ 32 8+ 8+ 8+ — *»
66 55 Sun Oil (1) _ 2 60+ 60 60 — +
127+ 120+Sun Oil pf (6) _. 20s 125 125 125 -1
11+ 8+ Sunshine AlinMOg) 13 10+ 10 10+ - +
38+. 31 Superheater .125g 2 35+ 35 35 - +
3+ 2", Superior Oil _ 5 2+ 2+ 2",
22+. 16+Superior Steel _ 1 17+ 17+ 17+ - *,
19 * 18 Swift & Co (1.20)_ 3 19 + 19 19 - +
10'+ 7+ Symington ww_ 4 8+ 8+ 8+ - +
8+ 6+ Symington xw_ 2 7+ 7+ 7+ + +
6+ 5+TennCorp- 1 5+ 5+ 5+ - +
48+ 42+Texas Corp (2) _ 15 43+ 43+ 43+
5*t 4+ Texas Gulf Prod_ 11 5+ 5+ 5+ - +
32+ 29+Tex Gulf Sul (2) __ 8 30+ 30 30 +
19+ 8+ Tex Pac C&O (.40).. 4 9+ 9 9 + +
9 7+ Texas Pac Ld Tr _ 2 8+ 8+ 8+ - +
21 16 Thermoid pf (.40k). 10s 19 19 19 — +
3 1+Third Avenue _ 3 3 2+ 2+ — +
28+ 20+Thomp Prod ,25g . 11 28 27 27 - +
3+ 2+ Thompson Starrctt. 20 3+ 3 3 + +
16+ 11+Thompson Star pf . 5 14+ 13+ 13+ +1 +
14+ 12+ Tide-Water A O (1) 15 13+ 13+ 13+ + +
18 ', 13+ Timken Det Axle _ 3 16+ 15+ 15+- +
54+ 43", Timken Roll B ,25g_ 4 48+ 48 48 — •+
7+ 6+Transamerica (.75). 17 6+ 6+ 6 +
10+ 7+ Transcontl & W Air 8 9+ 9+ 9+ - ",
4 3 Tri-Continental __ 4 3", 3+ 3+ + +
4+ 4 Truax-Traer Coal 2 4 4 4
26+ 21 20th t'ent-Kox ,5og 14 24+ 23+ 23+ — +
30 23 Twin City R T pf _ 40s 27 26+ 26+ -1
4+ 3", T'len&Co _____ 1 3+ 3+ 31, — j4
66 57 Pnderw-EU-F .50g_ 2 58+• 58+ 58+ - +
12+ 9+ Union Bag & Paper. 6 10+ 10+ 10",— 1,
90+. 81+Union Carbide .90g 7 85+ 84+. 84+ — +
19+ 18+ Union Oil Cal(1.20) 9 19+ 18+ 19+ - +
104 88+ Union Pacific (6)_ 13 103+ 103 103 — +
88 81 Union Pac pf (4 * _ 4 88+ 88 88
42+ 33+ Unit Aircraft 1.25e 24 39+ 38'+ 38+ — •+
13+ 9+ Unit Air Lines _ 27 13+ 12+ 12+ — +
17 15+ Unit Biscuit (.25g) _ 6 17 16+ 17
65 54 Unit Carbon (3.25e) _ 2 62+ 62+ 62",+ +
19 15+ Unit-Carr F (,20g)_ 3 19+ 19+ j_j_ a,
3+ 2+ Unit Corp _ _ 35 3", 3+ 3+ - +
38+ 31+ Unit Corp pf(.75k)_ 5 38". 38+ 38+ - 1,
6+ 4+ Unit Drug 30 6", 6+ 6 +
71 65 Unit Dvew’d pf (7) 10s 71". 71", 7p+
_6+ 4+ Unit Electric Coal _ 7 5+ 5 5 — +
77+ 63 United Fruit (4)_ 9 78 76' . 76' - - ",
13+ 11+ Unit Gas Imp (1)___ 11 13 12+ 12+ - +
10+ 7+ UnitMer&Mfg_ 10 10+ 91, ya, _ i4
7+ 5+ Unit Paperboard_ 1 6+ 6+ 6+
113 91 U S Gypsum (2)_ 15 103', 102 102+ + +
5+ 4+ U S Leather 1 5+ 5+ 514
47+ 37', U S Pipe & Fdy (2) 7 47 46 46 -1
5+ 4+ U S Realty & Imp 62 5+ 5 5+ +
52'+ 40+ U S Rubber 31 50+ 48+ 49 — +
199+ 90 U S Rubber 1st pf ( S 15 110 108+ 108+ - +
65+ 52+ U S Sm & Ref (lg) 1 59 59 59 -1
70 53+ U S Steel 60 64+ 62", 63+ -1 +
118+ 113', U S Steel pf (7) 4 118+ 118', 118", + '+
45", 43+ U S Tobacco pf 1.75 10s 45+ 45+ 45+ —
3+ 3+Unit Stockyards 1 3+ 3*, 3+
12", 10+t’niv Cyclops . 1 11+ 11+ n+ 4. i.N
83", 75+ Univ Leaf Tob (4a) 1 76+ 76+ 76' .+
162 157 Univ Leaf T pf (8). 2 , 161'. 160+ 160+ -1 +
i \ adsco hales _ 1 «. », s,
30', 22 Vanadium Corp_ 3 267» 26’, 26’, — p,
35!, 30 Van Raalte (,50g) _ 2 35', 35', 35',+ i,
257, 21’, Victor Chcm (.25g) 5- 25’, 24'] 24', -1
47, 3', Va Caro Chemical.. 2 4 37, 37I - ',
317, 24’, Va Caro Chem pf_ 2 27', 27', 27', — ’,
3', 2', Wabash pf <A)(r)_. 2 2:, 2’, 2s,
50", 42', Walker (H)(4)_ 2 477, 47', 47',
9', 6’, Walworth Co_ 10 7', 7 7',
27, 2', Ward Bak (B)_ 2 2', 2\ 2*.
67, 5 Warner Bros Piet 7 5’] 5", 5’, _ e,
42', 36 Warner Bros Pic pf 80s 42 41', 42 + t,
37, 2', W arren Bros (r) 22 3 2:, 27»
30', 25', Warren F&P(.50g)_ l 28 28 28 + i,
24 ', 18', Waukesha Mot (1). 1 22 22 22 - ",
32’, 27', Wayne Pump(.SOsr) 1 29", 29', 29',+ i,
3', 2’, Webster Eisenlohr 6 3 3 3
1’, 1 Wells Fargo _ 300s 2 l7, 2
28', 23’, Wesson Oil (,50a) . 1 25 25 25 + v,
92', 89 West Penn E A (7). 70s 93’, 93 93.1, +1.-,]
97 89 West Penn E pf<6) 90s 96 95’, 95’, + ’,
107 1027, West Penn El pf (7) 30s 1047. 1047, 1047, - 1,
116', 114', West Penn P pf(6) 50s 116', 116 116',+ ',
123’, 120', West Penr. P pf (7) 100s 123', 123 123 —
29', 22', Westn Au Sup 25g_ 40 30', 29', 29’, + ',
24', 20', Westn Union Tel . 7 23', 22', 22' . — 7,
31’, 23', Westhse Air B .25g. 12 29 28 28’] — ’,
120 98 Westhse Ele (.50g)_ 3 114', 112', 112’, -1',
20’, 16 Weston Elec Inst... 3 18', 17', 17>, -1'/,
22', 18', Westvaco (1) _ 3 20', 20 20’, — ',
31’, 22', Wheeling Steel_ 4 27', 26 26 —
13’, 9’, White Motor _ 4 11', 11 11 — t,
19’, 15!, White Sew Melt pf_. 2 20 20 20 + ',
3', 2 Willys-Overland_ 6 2', 2’, 2’, + 1,
5 4 Wilson & Co _ 6 4', 4’, 4’s _ ,,
49', 4l'-i Wilson & Co pf_ 5 47 46'-, 47 +1
50’, 46', Woolworth (2.40).. 17 49’, 49'] 49’, -f 1,
23', 16’, Worthington Pump. 4 20', 19’, 19’, — 1,
38 32', Worth P pr pf _ 1 331, 331. 331,
53 42 Worth P cv pr pf_ 1 47 47 47 + 1,
120 101’, Wright Aero .. ... 10s 106 106 106
33 26', Vale & Townef.60). 2 32', 32', 32',+
21', 16', Yellow Truck _ 25 19', 18’, 187» — »]
2IV, 15’, Young Spg & Wire.. 2 18', 17'., 17'-,— 1,
557 , 39 Ygstwn Sheet & T._ 30 50', 49' ] 49\ -1
31', 23!i Ygstwn Steel Door. 3 28', 28 28 - t,
22', 16 Zenith Radio_ 60 20S, 19’, 19’,
Approximate Sales of Stocks on the N. Y. Stock Exchange
11:00 A.M- 240,000 12:00 Noon_ 390 000
l:O0P.M- . 490,000 2:00 P.M_66o](i00
sUnit of trading 10 shares.
rln bankruptcy or receivership or being reorganized under
Bankruptcy Act. or securities assumed by such companies.
Rates of dividend in the foregoing table are annual disburse
ments based on the last quarterly or semi-annual declaration.
Unless otherwise noted, special or extra dividends are not included
xd Ex dividend, xr Ex rights, a Also extra or extras. ePaid
last year, f Payable in stock, g Declared or paid so far this
year h Cash or stock, k Accumulated dividends paid or de
clared this year.
Steel Rate to Drop
To 55.1 PerCent in
Current Week
Institute Cites Report
Of 29.9 Per Cent in
Same 1938 Period
By the Associated Press.
NEW YORK, March 6.—Opera
tions in the steel industry for the
current week will decline .7 point
to 55.1 per cent of capacity, com
pared with 55.8 per cent in the pre
ceding week, the American Iron &
Steel Institute estimated today.
A month ago operations were at
the rate of 53.4 per cent of capacity,
while a year ago they were 29.9 per
cent.
CLEVELAND, March 6 Busi
ness gains in the iron and steel in
dustry during the next 60 days were
foreseen by the magazine Steel today.
It reported sustained or heavier con
sumption is reflected in gradual re
covery in ingot production which
advanced 1 point last week to 56
per cent, a new high for 1939 and
26.5 points higher than the same
week last year. ,
The publication predicted heavier
rail production this month and in
creased activity by the automotive,
building construction, tin plate and
farm equipment industries. Delay
in announcing finished steel prices
for the next period will not affect
demand, it said.
These steelmaking districts re
ported increases last week:
Pittsburgh, 2 to 50: Chicago, 3 to
56.5, and Wheeling. 3 to 71.
Detroit was down 10 to 76, New
England 10 to 60 and Cleveland 3
to 51. Unchanged were Eastern
Pennsylvania at 37, Buffalo at 32.5,
Birmingham at 83, Cincinnati at 55,
Youngstown at 47 and St. Louis
at 55.
Average daily pig iron production
in February was 73,543 tons com
pared with 70,448 tons in January
and 46,655 tons a year ago. There
were 121 active blast furnaces on
February 28, a gain of three for the
month.
A generally strong tone in scrap
markets was reported, with the
composite steady at $14.96. The
finished steel composite holds at
$56.50.
New Car Plans
Announced by
Studebaker
By the Associated Press.
SOUTH BEND, Ind.. March 6 —
President Paul G. Hoffman an
nounced today more details of the
Studebaker Corp.’s plans for enter
ing the low-priced automobile field.
The new car, Hoffman said, has
been developed after four years of
intensive research and investment of
almost $4,000,000, of which $1,000,000
was for engineering and $1,300,000
for new machinery.
Public display of the new model
is not expected for at least a month,
Hoffman said, but a special preview
for South Bend citizens is planned
for next Sunday.
Shoe Output Climbs
Sharply in January
Ej the Associated Press.
The Commerce Department re
ported production of boots, shoes
and slippers totaled 33,526,679 pairs
in January, compared with 29,987,849
In December, 1938, and 25,706,105
in January, 1938.
— —— ' ■ —t
Stock Leaders Down
Fractions to $2 in
Profit Taking
Rise in Utility Group
Ends Quickly; Pace
Rather Sluggish
Stock Averages
30 15 15 50
Indust. Ralls. Util. Sties.
Net change +2 unc. unc. +.1
Today, noon 74.3 23.0 39.3 52.5
Prev. day... 74.1 23.0 39.3 52.4
Month ago. 72.1 20.8 38.0 50.6
Year ago .. 63.0 18.4 30.7 43.6
1939 high . 77.0 23.8 39.3 53.4
1939 low... 67.8 18.9 35.5 47.3
1938 high.. 79.5 23.5 37.8 54.7
1938 low... 49.2 12.1 24.9 33.7
1932 low... 17.5 8.7 23.9 16.9
1929 high..146.9 153.9 184.3 157.7
1927 low... 51.6 95.3 61.8 61.8
(Compiled by the Associated Press.)
By VICTOR EUBANK.
JUsoeiated Press P’inancial Writer.
NEW YORK. March 6 —The stock
market met profit taking reverses
today and leaders yielded fractions
to 2 points.
Buyers were encouraged in the*
early part of the proceedings by a
forward move in the utilities. This
soon slackened, however, when air
crafts. steels and motors softened.
Notwithstanding spottiness of
trends, highs for the last year or so
were plentiful at the start.
Except for a fair-sized selling
wave around 1 p.m.. dealings were
rather sluggish. Transfers approxi
mated 900.000 shares.
There appeared to be little dom
ination of hopes for spring business
improvement and the belief was
expressed that the administration's
latest "appeasement" program would
be more than a "breathing spell."
At the same time, last week's rally
inspired some cashing of gains on
the theory a technical reaction was
at least a possibility,
e Stocks in London again were
firm, many reaching new post-Mu
nich tops. This was interpreted
in Wall Street as highly cheerful
and indicating lessening of Euro
pean war fears.
Steels moped when it was of
ficially estimated this week's mill
operations would be off .7 of a
point, although a modest set-back
had been looked for.
Talk of an amendment to the •
Army appropriations measure to
limit profits on war materials to 10
per cent chilled the aircrafts. There
also was a rumor going the rounds
that the French would cut down
some of their aviation orders here.
Prominent in the retreat were
United States Steel. Bethlehem
General Motors. Chrysler. Glenn
Martin. Douglas Aircraft. Westing
house. Dupont. Philip Morris and
General Electric.
Resistant were American Smelt
ing. Phelph Dodge. Internationa'
Harvester. American Telephone.
Chesapeake & Ohio. United Frur.
Zenth Radio and Allied Chemica..
Chicago Grain
B> the Associated Press,
CHICAGO, March 6.—Wheat
prices sagged about >2 cent todav
following corresponding declines in
foreign markets.
Slow European demand for wheat
and hesitancy of speculative inter
ests to enter the market kept trad
ing at a slow pace.
Wheat closed ’s-^ lower than
Saturday. May. 68'2-68*i; Jul; .
685g. while corn was unchanged to
| 'i off. May. 49's-4914; July. 50;-.
Oats lost 1K - ",.
' w WHEAT— Open. High. Low. Close.
I March . . tigi,
i May . .HS3* .ho ,«Rij hs'2-3»
1 July .HS’* .HP1* HS3, HS3,
September .HP12 .HP3* HP3* HP3*-1*
CORN—
March 4S
May .49'* 4P3, 4P1. '4P1.-1*
July .So3, so3* .so12 so >2
September .SI3, .Sl’g .SI1* .SI3,
OATS—
May .CP', .CP1* .CS3, .CS3,-CP
I July .27*, ,C73* ,C712 ,C7'2
; September ,C7 C7 hi3, hi3*
SOY BEANS -
May .sc3, S3 .sc3, sc3,
July .H.'l .8.3 .sc* sc3.
October . 773,
RYE—
May 4.V, IS3, .45*. 45',
July .4li! * ,4H3a 4H1* 4H3,
September .41'* 47 >
LARD—
March _ H so
May . 7.05 7 OS fi S7 8 po
: July 7.CC 7.CC 7 oc 7'nc
September 7.35 7.35 7.CO 7.CO
Chicago Cash Market.
Cash wheal. No. 3 red. tougn. 71*4 Corn
No. C yellow. 10-401« No 3. 473*-4s3*
No. 3 white. SO3*: No. S. 4S3*. Oats, sam
ple grade, mixed. CP: No. C white. 3C:
No. 3. 31V*: sample grade, white. CH3/*-;il
Barley, malting. 4S-tio. nom.: feed. 33-40
nom. Timothy seed. C.85-3.IS. nom. Red
clover. 13.00-16.00 nom.: red top. P.25-75,
nom.
Winnipeg Prices.
WINNIPEG. March 6 '>P.—Grain range
today
WHEAT— Prev.
„ High. Low. Close, close.
May _.HC1 * HC HC HC3,
July - .HC3, HC3. .HC3, :«3
October _.83 >2 H31* H3-3, H.i'i
OATS—
May - .CP1, .CS3, .29 .2P1,
New York Cotton
By the Associated Press.
NEW YORK, March 6.—Domestic
and foreign mill activity in May
and July and some foreign buying
in distant months made for steadi
ness in cotton futures today.
Contracts were supplied by New
Orleans and other sections of the
South on the scale up. Prices in
late afternoon were 2 to 6 points
higher.
May sold earlier at 8.39, up 5, but
later reacted to 8.36. March traded
at 8.76 at the opening, a new high
for the season, but subsequently
sold to 8.73. or 2 points net higher1.
Bombay buying was limited, due to
a holiday.
Futures closed 5-8 higher.
Open High Low. Last.
March -8.75 8.78 8 72 8.7T-;S
May -8.38 8.:t!) 8.38 8 nit
July - 8 15 8. Hi 8.12 8. Hi
October _7 87 7.7<i 7.88 7 7ii
December _ 7.84 7.87 7.83 7 87
January 7.88 7.811 7.88 7 8H
Spot nominal; middling 0.17.
Cottonseed Oil.
Cottonseed oil weakened in forenoon
trading today. Contracts declined 4 to 24
points under general liquidation and local
pressure. Influencing the downturn was
Secretary of State Hull's statement to th*
effect that the proposed tax increase on
Imported fish and vegetable oils con
flicted with the reciprocal trade act and
existing trade agreements. Stop loss order*
were uncovered on the decline while buy
ing was light and scattered. March sold
off from 7.25 to 7.20. showing a net
loss of 4. October moved from 7.^3 t#
7.20. or 10 below Saturday's close. Crude
oil was a nominal affair, the Southeart
and Valley quoting 8‘« cents.
a_
New C. C. C. Enrollment
By the Associated Press.
The Civilian Conservation Corps
said yesterday it expected to enroll
more than 100,000 young men and
war veterans during the 20-day pe
riod, April 1-April 20. They will fill
vacancies left by enrollees who have
been discharged to accept employ- *
ment or because their enrollment
has expired January 1.

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