Evening star. [volume] (Washington, D.C.) 1854-1972, August 31, 1939, Image 20

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Evening star. [volume], August 31, 1939, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 31 Aug. 1939. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1939-08-31/ed-1/seq-20/>

Newspaper Page Text

D. C. Clearings Soar
To Nine-Year Peak
For August
Month's Total Exceeds
1937 Levels as Well
As Year Ago
By EDWARD C. STONE.
Bank clearings in Washington in
August were the highest for any
August since 1930, George H. Bright,
manager of the Washington Clear
ing House, reported this noon.
Clearings in the Capital in August
this year amounted to $93,631,523.02,
against $88,017,063.78 in August,
1938, a gain of $5,614,459.24.
In the first eight months of this
year. Washington clearings reached
the sum of $782,384,437.03. in com
parison with $748,439,348.24 in the
corresponding period last year, or an
increase so far in 1939 of $33,945.
088.79.
While the gain over August, 1938,
is very striking, many comparisons
are now being made with conditions
two years ago. August clearings
this year were nearly $2,000,000
ahead of August, 1937, when the
total stood at $91,750,688.92.
The total of canceled checks in
August indicates that business in
the Capital was well ahead of Au
gust, 1938, and above August, 1937.
According to the eight months re
port. business is also recording very
cnhctonHal imnrnvpmpnt.s nvpr thp
like period last year.
Today's figures present the first
definite picture of conditions in
Washington during the month now
ending. The August returns add
substantially to the previous up
swing in clearings.
Clearings by months so far this
year compare as follows with the
monthly records in 1938:
1939. 1938.
January_$96,424,506 $93,436,118
February ... 82.733.900 84.231,245
March .. 103.916.350 95.692,398
April .. 99.730.563 101.104,372
May _ 96.395.809 89.749.470
June _ 108.446.851 101.841.824
July _ 101,104.931 94.366,854
August _ 93.631.523 88.017,063
July Gas Net l'p S30.398.
Net income of the Washington
Gas Light Co. in July registered
an improvement, of more than $30,
000 over July, 1938. according to the
monthly report just filed with the
Public Utilities Commission.
The company announced a sea
sonal deficit of $25,943. compared
with a loss in July a year ago of
$58,341. making the exact improve
ment this year $30,398.
The gas company made a fine
record in the first seven months of
this year, when net income amount
ed to $881,419. compared with $670,
*738 for the same period last year, an
increase of $210,681.
The July report shows operating
revenues of $463,891, compared with
$448,228, an increase of $15,663 as
a result of the larger volume of gas
sold. Operating expenses, includ
ing taxes and uncollectible bills,
amounted to $431,324 this July,
compared with $426,347 for July,
1938, an increase of $4,977. These
figures result in a net operating
revenue of $32,567, or $10,686 more
than for the same month last year.
Gas Sales Reveal Increase.
Non-operating revenues increased
$9,436 to $9,579 this July. Interest
and amortization was $70,089 in July
this year, compared with $80,365 for
July. 1938, a decrease effected by
the bond refinancing last November.
The company reports gas sales of
626.781 mcf. or an increase of 31.687
mef over July a year ago. There
were 154.197 meters in service on
July 31, 1939. compared with 148.550
on the same date last year, a gain
of 5.647 meters.
The report also shows that sub
stantial expenditures are being cur
rently made for extensions to prop
erty. The company expended ap
proximately $80,000 in improve
ments to property for the service
to customers for the month of July
and over $529,000 during the first
seven months of the current year.
Exchange Listing Requested.
Officials of the National Mortgage
& Investment Corp. have applied to
the Washington Stock Exchange for
the listing of 219,196 shares of 5 per
cent non-cumulative preferred stock,
par value. $7 a share. The exchange
Board of Governors has notified the
Securities and Exchange Commis
sion of approval of the application
and it is now expected that trading
in the stock will begin on Septem
ber 29.
The National Mortgage & Invest
ment Corp. was reorganized last
spring, the number of outstanding
shares being reduced and the pre
ferred dividend being cut from 8 to
5 per cent. There are now 42.587
shares of common stock of no par
value in addition to the preferred.
The company paid 20 cents a share
on the preferred stock on June 15,
the first dividend paid since 1932.
The company owns and operates
the Capital Garage and other valu
able property. The officers are James
W. Beller, president: Harold E. Doyle,
vice president; Joseph B. Schaaff,
vice president, and M. C. Buckey.
secretary-treasurer.
This is the first new listing on the
Washington exchange reported in a
long time. The corporation's origi
nal preferred stock was listed on
the exchange for several years.
South Atlantic Sales Rise.
July sales of 2,973 wholesalers rep
resenting all parts of the country
increased 5.8 per cent over the same
month a year ago, it was announced
today by Director William L. Austin
Bureau of the Census. Dollar sales
during July—without adjustments
for number of trading days or foi
seasonal variation—were off 5.1 pei
cent from June. Sales of the 2,972
wholesalers for the month amount
ed to $196,974,000. Twenty-seven ol
34 lines of trade recorded increases
in sales over July a year ago, while
seven showed decreases.
In the South Atlantic section July
sales were up 12.9 per cent ovei
last year. The best advance was
in electrical goods, up 40 per cent
Surgical equipment and supplies
were up 31 per cent, industrial sup
plies 24 per cent and general hard
ware 12 per cent. Other gains wen
smaller.
Today's Trading on Exchange.
Capital Transit stock got all th<
attention on the Washington Stocl
Exchange today when two 25-shan
lots changed ownership at 13!/2
same as other recent sales. Bic
and asked prices on other issues
were firm.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE!
■y rrivsts wire Direct to rue star.
Prev. 19.19 Stock and Sales— Net
High. Low. Dividend Rgte Add 00. High. low. Close, chee.
65 63 Abbott Lab i.60a>.. 2 63 62 62 -1
11 6% Adams Exp (.10g)„. 8 7% 6% 6% - %
65% 45% Air Reduction) la ) . 9 6 2 49% 49% —1%
1% % Air-Way Elec AdpL 1 % % %
10 6% Alaska Juneau .65g_ 5 7 6% 7
14% 5% Alleghanv 130 ww.. 4 6% 6% 6% - %
13% 47g Allegh'y $40 pf ww. 1 6% 6% 6% — %
28% 14 Alleg-Ludlum Steel 7 16% 16% 16% — %
11% 6% Allen Indust 25g 18 8 8
193 151% Allied Chemical (6) 2 160 160 160
13% 10 Aitied kid (.50)_ 1 10% 10% 10%
13% 9% Allied Mills (,75g). 2 11% 11% 11%-%
11% 6 Allied Stores_ 6 7% 7% 7% - %
71 54% Allied Stores pf (6) 1 67 67 67 -3%
48% 28 Allis-Chalm (.50g>. 8 33% 32% 83 - %
19% 12% Alph Port Cmt .75* 1 15 15 15 +1
70 50 Amerada (2) .. 2 58 67 58 -1
24V* 16 Am Ag Ch Del .70g_ 2 17 16% 16% — %
36% 16% Am Airlines_ 1 29 29 29 — %
17% 10% Am Bank Note ,20g. 1 11 11 11
60 50 Am Bank N of (3).. 30s 63 63 63 -1
8 3% Am Bosch _ 1 4% 4% 4% - %
103% 83% Am Can (4) 4 99 97%, 97% -1%
179 167% Am Can pf (7)_ 1 170 170 170 - %
35 16% Am Car & Foundry. 2 18% 18% 18% - %
24% 13% Am Chain & C -55g . 3 16% 16% 16%
11% 5% Am Corne l Alcohol. 6 6 6 6 — %
10% 6% Am Crystal Sugar.. 1 8% 8% 8%
5% 2% Am Encaustic Til . 5 2% 2% 2% - %
3% 2 Am & Foreign Pwr. 2 2% 2% 2% — V*
24% 12% Am & For'n P *7 pf. 4 18% 17 18 - %
5% 2% Am Hide & Leather 2 3% 3% 3% - %
35'% 25% Am Hide & L pf (3) 1 31 31 31
3% 1% Am Ice 1 2% 2% 2% + %
30% 13 Am Locomotive . 7 15% 14% 14% — %
79% 41 Am Locomotive of. 1 44 44 44 -1
15% 11 Am Mach * Fy .80.. 4 11% 11% 11% - %
4% 2% Am Mach & Metals. 1 2% 2% 2%
40% 25% Am Metal <.50g)_ 3 28% 27% 27% + %
7 3% Am Power & Light 19 4% 4% 4% — %
45 28 Am P&L $5 pf 2.50k 10 38 37 38 - %
50% 32 Am P&L $6 pf (3k). 5 43V* 42% 42% -1%
18% 9 Am Radiator 13 10 9% 10 + %
22% 11% Am Rolling Mills 3 13% 13% 13% - %
72% 50 Am Roll M pf 1.25k 1 61% 61% 61% — %
15% 11% Am Safety Kaz 1.20 1 12% 12% 12% — %
I 34% 25% Am Shlpbulld'g (2) 60s 26 25% 25%—%
I 53% 35% Am Smelt & R l.BOg 12 42 41% 42 -1
I 69 59% Am Snuff (3al _ 1 61% 610* 61% -1%
153 146% Am Snuff pf (6)_ 30s 149 149 149 -3%
I 41 iiO1* Am fc'nnnrirv Q MU 9‘i OQu — u
144 84 Am Stores (.2*g)... 1 124 124 124- 4
224 154 Am Sugar Refining. 1 154 154 164 + 4
914 754 Am Sugar R pf (7). 3 784 78 78 +4
184 144 Am Sumat Tob (1). x 1 154 154 154 — V.
1704 148 Am Tel & Teleg 19) 15 1624 1604 1604 -2
874 73 Am Tobacco (5)_ 4 774 76 76 -3
894 754 Am Tobacco (B)(5) 8 794 78 78 -14
84 44 Am Type Founders. S 5 44 44 — 4
14*8 84 Am Water Works.. 37 104 94 10 — 4
64 34 Am Woolen _ 3 44 44 44 + 4
74 4 Am Zinc 5 44 44 44
364 204 Anaconda (.75g) _. 64 244 234 24 -1
274 134 Anchor Hoc G1 30g. 1 224 224 224 — 4
294 21 Arch-Ban-Mid ,75g. 2 27 27 27 —14
64 34 Armour (111) 4 34 34 3s, — 4
58 334 Armstr'g Cork ,75g. 4 384 384 384 - 4
104 54 Artloom Corp _ 6 74 74 74 — »,
104 6*s Assoc Dry Goods... 4 74 7 7—4
38 30 Assoc Invest (2)_ 1 36 36 36
424 214 Atch Top A S F_ 8 234 23 23 -1
304 15 Atl Coast Line_ 6 164 16 164 + Vi
-34 184 Atl Refining (1) 5 184 184 184 - 4
1104 1044 Atl Refining pf (4). 1 1044 1044 1044 -24
94 7 Atlas Corp (.26g>._. 2 84 84 84
484 434 Atlas Corp Df (3)... 3 464 46 46 - 4
304 18 Austin Nich pf A... 10s 174 174 174 - 4
84 34 Aviation Coro 25 34 34 34 — i.
174 94 Baldwin Loco ctfs.. 14 104 104 104 — 4
84 34 Ralto & Ohio _ 6 44 44 414 — y4
104 5 Balto&Ohlopf_ 5 54 54 64 — 4
214 HIV. Barber Asphalt_ 3 114 114 114 — 4
13 6 Barker Brothers_ 1 64 64 64 — 4
194 114 Barnsdali (1) 6 124 124 124 - 4
254 154 Bavuk Cigar (.75).. 2 22 22 22 -
I 28 17 Beatrice Cre (la)... 3 234 23 23 + 4
94 74 Relriing-Hem (.70). 2 84 84 84 + 4
294 164 Bendl.x Aviat’n .50g 37 224 22 224 — 4
214 174 Beneficial L’n ,90g_. 8 194 194 194 — 4
574 374 Best A- Co (1 60a).. 1 364 364 364 - 4
80 504 Beth Steel (.50g)___ 71 584 564 574 - 24
27 154 Bisslow-Sanford ... 1 21 21 21
174 84 Blaw-Knox _ 6 104 94 914 — 4
344 164 Boeing Airplane 14 184 174 184 - 4
284 164 Bohn Alum’n (.50g) 5 184 184 184
594 51 Bon Ami (B) 2.50a. 80s 58 574 574 — y4
22 124 Bond Stores (.80)... 2 18 174 18
22 164 Borden Co (,90g)... 5 194 19 19 — v4
32 , 184 Borg- Warner .SOg _ 7 22 214 22 — 4
294 194 Bower Roll Brg (2) 3 27 264 27
74 54 Brewing Corp 60g. x 7 64 6 6 - ft
154 74 Bridgeport Brass .. 3 84 84 84 - 4
314 164 Briggs Mfg (,50g).. 11 20 19 194 -4
53 414 Bristol-Myers 2.40. 6 494 484 484 -24
144 74 Bklvn-Man Transit. 9 11 104 11 - 4
134 54 Bklyn & Queens pf 1 104 104 104 — 4
304 134 Bklyn Un Gas .25g 9 24 234 24 — 4
36 314 Brown Shoe (1.SOg) 1 344 344 344—4
194 9''» Brunswick-B 1.25e 19. 174 171. 171.. — u.
13% 7 Bucyrus-Erie_ 4 7% 7% 7% — %
8 4 Budd Mfg _ 6 4% 4% 4% - %
5% 3 Budd Wheel ._ 12 3% 3% 3% — V,
34% 21% Bulova Watch (2).. 2 26% 26% 26% - %
19% 11% Burlinct'n Mills (1) 9 16% 16 16 — %
18% 11 Burr’s Add M .30g__ 2 12 12 12 - %
2% 1 Bush Terminal ... 1 1% 1% 1%
13 6% Bush T Bides pf _ 10s 9% 9% 9% - %
23% 18% Butler Bros pf 1.60. 1 20 20 20 — %
13% 7 Byers <AM)Co_ 3 9% 9% 9% — %
2% % Callahan Zinc_ 8 % % % _ 14
8% 4% Calumet & Hecia_ 6 6% 5% 5% — %
17% 9% Campbell Wvant_ 1 10% 10% 10% — %
20% 12 Canada Dry (.60s:), x 15 16% 16% 16% - %
6% 3% Canadian Pacific __ 19 3% 3% 3%
94%. 63% Case (J I) <5e) 1 69 69 69 -1%
122% 110 Case (J I )Co pf (7) 10s 118 118 118
55 38% Caterpillar Trac(2) 9 41% 41 41 — %
1 29% 13% Celanese Corp .. 22 23 22 22% — %
109% 84 Celanese pr pf (7).. 10s 106 106 106 + %
19% 7% Celotex Corp _ 7 10% 9% 10%+ %
5% 2% Central Foundry... 8 2% 2% 2% — %
113% 109 Cent 111 L pf 4.50 . 40s 111 % 111% 111 %
62% 32 Cerro de Pasco(3b) 3 33% 33% 33% — %
13 5% Certain-teed _ 2 6% 6 6% — %
47% 22% Certain-teed pf 50s 26% 25% 25% -1
25% 17% Ches Corp (1.20g).. 1 20 20 20 -1
40% 27 Ches & Ohio (2) ... 11 32% 31 Vi 32 - %
1 % Chi & Northwn (r). 1 % % %
20% 10 Chi Pneu Tool _ 1 11% 11% 11% - %
14% 10 Chickasha Cot OH.. 2 10% 10% 10% + %
13% 5% Childs Co _ 4 6% 6% 6% - %
85% 53% Chrysler (4g)_ 137 78% 77 78% — %
97% 79 City Ice & F of 6.50 20s 91 90% 91 + %
115 109% Clev El Illu of 4.50. 10s 111% 111% 111% - %
30% 20% Cleve Graphite (1). 1 26% 26% 26%
78 74 Clev & Pitts (3.50). 10s 75 75 75 +1
60% 34H Climax Molyb 1.20 6 38 36% 36% -1%
85% 21% Cluett Peabdy(.75g) 6 29% 28% 29 -%
133 114 Coca-Cola (2g>_ 3 119 117 117 -2
17% 11% Colgate-Pal-P ( 60) 5 14% 14% 14%-%
36% 20% Collins Aik (.75g).. 3 26 25% 25% -1%
23% 11% Colo Fuel & Iron 1 13 13 13
24% 14 Colum B C(A)1.05g 6 20% 20% 20% — %
24% 14 Colum B C (B> 1.05g 1 20% 20% 20% -1
9 5% Columbia Gas & El 55 6% 6% 6% — %
15% 6% Columb Pic vtc 2Hf 2 7% 7% 7% - %
57 38% Cornel Credit (4) .. 7 45 44 44 -1%
60 42 Cornel Inv Tr (4) 6 49 48% 48% -1%
13% 8% Cornel Solvents 13 10 9% 9%
31% 25% Comwlth Edls 1.20g 28 29% 29 29% + %
2% 1V« Comwlth &.South'll 30 1% 1% 1%
72% 45% Comwlth & S pf (3) 5 68% 68 68 —1
1U P/ynrrnlcirvi 7 ^ «r - 9 OOl . 091- 091 1
25% 15% Consol Aircraft_ 2 17 17 17 —l
8% 5% Consol Cigar ( 75b) 1 7 7 7 — %
85 73 Consol Cigar pf (7) 10s 79% 79% 79% -2%
35 27 Consol Edison (2). 48 31 30 30% — %
108% 101% Consol Edts pf (6) 2 106% 106% 106% - Vi
2% 1% Consol Film 11 1 1 _ %
12% 8'i Consol Film pf ,75k 6 9 8% 9 — %
7% 4% Consol Laundries 1 5 5 5 — %
9% 6% Consol OH ( 801 . 18 7 6% 6% — %
15 9 Consolid'n Coal pf— 1 8% 8% 8% — %
16% 9% Container Corp 8 10% 10 10%
22% 11% Conti Baking (A) 3 13% 13% 13%-%
100 88 Conti Bak'g pf (4k)- 1 92 92 92 —1
116 111 Conti Can of (4.60). 1 110% 110% 110% -3%
10% 5 Conti Diamond — 2 5% 5% 5% — %
37V* 29% Conti Lnsur (1.80a) 1 33% 33% 33V* + Vi
4 1H Conti Motor 8 2 2 2
31% 19% Conti Oll(Del) .75g. 2 21% 21H 21%
29V* 16% Conti Steel ,75g_ 9 24% 23% 23% -1%
59% 49 Corn Exchange (3) 60s 53 62% 53 + Vj
66% 64% Corn Products (8) - 2 58 58 58 — %
4% 3% Coty Inc (new) _ . 7 4 3% 3% — %
2% 1% Coty International- 2 1% 1% 1% — %
38 17 Crane Co 4 18% 18% 18% - %
32% 26% Cream of Wh’t(2) n 2 31 30% 31 + %
13 6% Crosley Corp - 3 8 8 8 — %
41% 20V* Crown Cork & Seal. 5 23% 22% 22% -1%
14% 9 Crown Zeller (.60).. 7 10% 10 10 — %
91 75 Crown Zeller pf (6) 10s 78 78 78
47% 24% Crucible Steel 7 29% 28% 29%
5 3 Cuban Am Sugar * 1 3% 3% 3% — %
49 38 Curtis Pub pf 1.25k 3 45 44% 44% + %
7% 4% Curtiss- Wright 15 4% 4% 4% — %
28% 19%,Curtiss Wr(A) .E0g 4 22% 22% 22%-%
24% 13% Cutler Hammer ,25g 2 17V* 17 17%
8% 4% Davison Chemical 15 5 5
24 15% Deere & Co _ 3 17 16% 17 -%
25% 12% Del ft Hudson_ 7 14% 14 14 - %
8% 3% Del Lack* Wn ... 3 4% 4% 4% - %
32% 18% Devoe & Rayn (A). 50s 20 20 20
20% 15% Distill-Seag 1.50g._ 5 17% 16% 17%
34 28% Dome Mines (2) .. 1 31 31 31 — %
78% 55 Douglas Aircraft... 8 60% 59% 59% - %
11% 6 Dresser Mfg - 2 8% 7% 7% - %
19% 7% Dunhill internatl.. 2 8% 8% 8% + %
164% 126% Du Pont (3.75g)_ 7 160 158% 160 -%
142 129% Du Pont deb 16)_ 3 131% 131% 131% + %
20 12V* Eastern Air Line! 20 16% 16 16% — %
186% 138% Eastman Kodak (#) 6 166% 164 166 -1
27% 15% Eaton Mfg <l.S0g)_. 4 23% 22% 22%-%
3% 1 Ellington Schild 10 1% 1% 1%
38% 22% Elec Auto L(1.25g) 16 33% 32% 33 - %
16% 8% Elec Boat <.30g).„ 10 10% 9% 10% r- %
12% 6V» Elec Pwr ft Eight— 26 8 7% 7% - %
38 18% Elec Pw ft Lt $6 pf. 1 25% 25% 25% - V*
41% 20% Elec Pw ft Lt of_ 17 29 27% 28%-%
’> 37 28 El Paso Nat G (*).. 2 34 33% 33%-%
43% 38 Endicott-John 2.25g 2 32% 32V* 32% -2%
J
Prev. 1939 Stock and Sales— Net
High. Low. Dividend Rate Add 00. Hlth. Low. Close, chse.
13* 7 Eng Pub Service .. 46 11 10* 10*- *
80* 62* Eng Pub Sve pf (S). 1 75 75 75
1* * Eault Office Bldg_ 1 * * * + *
2* 1 Erie HR (r)_ 1111
6* 2 Erie RR let pf <r)_. 1 2* 2* 2* + *
3 1* Erie RR2d pf <r)_ 1 1* 1* 1* + *
13 6 Evans Products__ 2 7* 7 7 — *
24* 14* Ex-Cell-O (.70g)— 3 17* 16V* 17* - H
43* 24 Falrbanks-Morse_ 1 29 29 29 — *
6 ?* Fed Motor Truck... 13 3 3
3* * Fed Screw. - 1 1* 1* 1*
1% V* Fed Water Svc 4A). 1 * * *
89V* 83 Federat'd DS pf 4.25 1 85* 85* 85V* -1*
37* 27* Fidelity Phoe 1 «0a. 3 32* 32* 32* - *
25* 17* Firestone Tire ,75g 11 20 19* 20 + *
51 38* First Natl Strs 2.50. 4 45* 44* 44* -1*
31* 15* FltntkoteCo . 3 17* 17 17 -*
3* 1* Follansbee Bro (r)_ 1 2* 2* 2*
35* 21 Food Machine ,60g.. 1 29V* 29V* 29*+ V*
108* 103* Food Mach pf(4.60) 10s 106 106 106 +1
29* 14 Foster Wheeler .. 3 It* IS* 15* - *
90* 66* Foster Wheeler pf_. 10s 66* 66* 66* -1*
30 18* Freeport Sulph .75g 1 20* 20* 20*- *
13 7* Gatr (Robert) pf... 1 8 8 8 + *
14 9 Gamewell (,25g) __ 10s 10 10 10 -1
60* 40 Gen Am Tran 1.125g 1 46* 46* 46* - *
11 8 Gan Baking (.30g) 1 8 8 8 - *
18 9 Uen Cable .. 6 10* 10* 10* - *
25* 19* Gen Cigar (1.50g)_. 1 20 20 20 + *
44* 31 Gen Electric l.60g). 57 35* 34* 35 - *
47* 86* Uen Foods (2) ... 20 44 43* 43* - *
l* * Gen Gas A El (A).. 2 * * *
127 117 Gen Mills pf (6)_ 110s 120* 120 120
51* 36* Gen Motors (2.25g). 115 46* 44 44*-*
126* 122 Gen Motors pf 15).. 3 123 122* 123
6* 4* Gen Outdoor Adv 9 114 tu iu _ u
28 13% Gen Rwy Signal 2 15 14% 14% - %
41 19% Gen Refractor .25*. 3 24 23% 23%
32% lfi lien Sieei Cast of . 200s 17% 17 17%
15% 9% Gen Thea Eq .50* _. 2 9% 9% 9% - %
27% 15% Gen TlreARub .60*. 15 18% 17% 18%+ %
8% 5% Gillette Sar R 1.60) 12 6% 6% 6% + %
13% 6% Olmbel Bros 7 7% 7% 7% — %
2% 1% Goebel Brew (.20a) 1 2% 2% 2% — %
24% 13% Goodrich (BF) 27 18% 17% 18% - %
74% 53 Goodrich(BF)pf (5) 1,65 65 65 -2
38% 21% Goodyear (.75*)... 10 ' 25% 24% 25%-%
5 2% Gotham Silk Hose.. 6 3% 3% 3% + %
1% % Graham-Palge _ 10 % % % + %
7% 4% Granby Const.15*). 9 6 5% 5% - %
1% % Grand Union _ 2 1 1 1
20 10 Granite City Steel.. 2 12% 12% 12% - %
25 22% Grant(VV T)pf(l)_ 1 24% 24% 24%+ %
31% 16% Great North n of .. 16 22 21% 21% — %
16V, 12% Great No O cfe 75*. 7 13% 13% 13%
28 23% Great Wn Sug (2).. 2 24% 24% 24% - %
141% 133 Great Wn S pf (7).. 130r 135% 135 135 - %
21% 14% Greyhound (.80) ... 28 15% 15% 15% - %
15% 8 Hall <W F) Prt* . 3 12'% 12 12 — %
103% 99 Hamilton W pf (6). 10s 103 103 103
32 17 Harb-Walk .45*_ 2 19% 19% 19%
4% 2 Haves Bod* _ 4 2% 2% 2% — %
110% 93 Hazel AtlasGl(5). 1 107 107 107 +2
13% 8% Hecker Prod (,«0a). 5 12 .11% 11% - %
17 10 Hercules Motor .. 1 10% 10% 10% — %
86 63 Hercules Powd .80* 4 74 74 74 — %
15% 8% Holly Sugar . 6 9% 9% 9% +1
66% 60% Homestake (4.60) 3 62 61% 61% -1%
36% 27 Houd-Her( A) (2.60) 1 33% 33% 33% - %
17% 8% Houd-Hershi B 1.26* 5 11 10% 10% - %
55% 40 Hoiv« Sound 131 2 47 47 47 -1%
35% 25% Hudson Bay (.75*). 18 32% 31 31% -1%
8% 4% Hudson Motor 1 5 6 5 _ %
2% % Hupp Motor _ 6 % %
20% 9 Illinois Central_ 10 10% 10% 10% — %
29% 16% Industrial Rayon... 1 22% 22% 22% -1
94% 67 Inland Steel 1.50*._ 4 74% 74% 74% — %
17% 9% Inspiration t opper. 6 10% 10% 10% — % 1
9% 3% Interboro R T ir) 5 3% 3% 3% - %
36% 17% Inter Chemical _ 6 31 29% 31 — %
4% 2% Intercontl Rubber.. 2 2% 2% 2% — %
15% 7% Interlake Iron _ 21 8% 8 8%
66** 48 lntl Harvester 1.60. 7 49% 49 49 — %
8% 3% lntl Hydro-El tA)_. 11 5% 4% 5%
4% 2% lntl Mercantile Ma. 2 2% 2** 2%
8% o*» lntl Minin* (.30*).. 2 6% 6% 6% - %
55% 42% lntl Nickel (2) 49 47 45% 46 -1
14% 6% lntl Paper & Power 29 7% 7% 7% — %
51% 25% lntl Paper & Pw pf. 4 28 27% 27% — %
6% 3% lntl Ry Cent Am_ 1 3’* 3% 3% - %!
9% 4 % lntl Tel & Tele*_ 21 5% 5% 5% - % ;
9% 5 lntl T & T for ct .. 1 5% 5% 5% - V.
14% 77* Interstate Dept St 1 9% 9% 9% + 7,;
105 64% Johns-ilanville .75* 5 65% 65 65 - %|
23 11 Kans City So pf .. 1 16 16 16 +1
14% 7% Kelsev-Hayes (A).. 2 9% 9% 9%
10% 5 Kelsev Haves (Bl 3 6% 6 6 — %
44% 28 Kennecott Cop .75* x 32 35% 34% 34% - % 1
13 8% Keystone Stl .60* _. 2 10% 10% 10% — %
30% 20 Kimberly-Clark la. 2 27% 26% 26% — 7*
3 1% Kinney iGR) _ 12 2 2
26% 20 KresgeiS S)i 1.20). 5 23% 23% 23% — %
29% 20% Kroger Qroe 1.60a.. 18 26% 25% 25%— %
18% 14 Lambert Co 1.125*.. 1 14% 14% 14%
35% 25 Lee Rub & T 1.25*.. 2 28% 28% 28% -1%
25 17 Leh Port Cmt 1.25g. 5 21 20% 21 - %
% % Leh Valley Coal .. 1 % % % — %
5% 2% Leh Valley RR tr)_. 13 3 3
27% 20% Lehman Corp .60* _ 2 21% 21% 21% — %!
12% 9% Lehn * Fink (.75*). 1 11% 11% 11% — %
56% 36% Llbbey-Ow-F 1.50*. 4 46% 45% 45% -1
6% 4% Libby McN & Lib .. 2 5 4% 4% - % 1
108% 97% Llgg & Myers (la). 2 99% 99% 99%
109% 99% List* & ItvtBKlal 3 101% 100% 100% — i. I
18 15 Lily Tulip Cup .90* x 1 16% 16% 16% - £
47 3Hi Link Belt (.75*) 4 34 34 34 + %
19 13% Liquid Carbide ,80a 4 15% 15% 15% — %
54% 35 Loew's Inc (2a) . 8 41 39% 39% —1%
109V* 105 Loew s Inc pf (6.50) 2 106 105% 105’, — %
21% 6 Loft Inc 250 16% 15% 16% - %
62 41% Lone Star C (31_ 3 44% 44 44 — t3
24% 19% Lorlllard (1.20)... 7 22% 22% 22% - V*
159% 147% Lorillard pf (7) 10s 154% 154V, 154% 41
! 20% 15% Louis GAE< A ) 1.50 1 17% 17% 17% — %
58 36% Louis & Nash 2.25* 2 41 44 44 — %
30% 18 Mack I lucks 3 19% 19% 19% - % i
43% 27 Macy(RH)Co 1.50*. 4 28 27% 27% - %
19% 12% Madls Sq Gar 1.10*. 1 13 13 13
i * i itiaiiui' ouKKr . l 1 i i m*
14% 5 Man Ry mod gtd(r) 17 11% 10% 11%
i 26% 9 Man Ry gtd <r)_ 20s 22% 22% 22% + %
1% 1 Maracaibo Oil ... 1 1% 1% 1% + %|
5% 4% Marine Mldl'd .32*. 3 5 4% 4%
8% 3% Market St Ry pr pf. 60s 4% 4% 4%
16% 9% Marshall Field_ 13 12% 12% 12% — %
39% 26% Martin (Glenn)_ 8 29 28% 28% - %
67% 34% Masonite Corn (1).. 2 38 38 38 -1
36 204» Math Alklll (1.60).. 2 21% 21% 21%
5244 40% May Dept Strs (*).. 4 48 47% 48 -1%
15% 10% McCall Corn (1)_ 1 13% 13% 13%—%
14% 9% McCrorv Strs _ 15 11% 11% 11% — %
106 88 McCrory Strs pf (6). 1 103% 103% 103% — %
24 15% McGraw Eleo (1). 2 20% 20% 20% — 1
10% 6 McGraw-Hill (.15g). 1 5% 5% 5% - 44
59% 49% McIntyre Poro (2).. 2 54 54 54 — %
18% 8% McKeesport Tin .. 6 10 9% 9% — %
10 6% McL,ellan Strs 40g. 2 7% 7% 7% — %
28% 14 Mengel Co B% pf .. 110s 15% 15 15 + %
17 11% Merch A Min T .50g. 10s 11% 11% 11%+ %
12% 6% Miami Copper 9 7% 7% 7% — %
16% 11% Mid Cont Pet 1.25g) 1 12% 12% 12% — %
30% 18% Mid Steel <1.50g)._. 5 26 25% 26 - %
118 101 Mid Stl 1st of (*) . 100s 114 114 114
85% 62 Minn-Hon Ros (2). 2 52 52 52
6% 3 Minn-Mollne Imp 3 3% 3% 3% + %
14% 8% Mission Corp (,25g) 1 9% 9'% 9% — %
9% 2% Mo-Kan A Texas Df 1 3% 3% 3% — %
17% 10% Mohawk Carpet .25g 2 13% 13% 13% -IV*
111 85% Monsanto (2) x 3 101% 100% 100% — V*
122% 117% Monsanto pf B 4.60 10s 117 117 117 -1
55% 40% Montgom W’d 1.25g 30 48% 47% 47% -1%
19 9% Motor Products 4 11% 11% 11% — %
16% 10 Motor Wheel (1.60) 2 14% 14% 14% -1
30 16% Mueller Bras.40e... 2 20 20 '20
9% 4 Murray Corp _ 3 4% 4% 44* — %
51 45 Myers (FE) 1.50g__ 1 45% 45% 45% -24*
9% 5% Nasn-Kelvlnator ._ 14 6 5% 6 — %
15% T% Natl Acme __ 2 9% 9% 9% - 4*
14% 74* Natl Aviation .60*.. 2 8% 8 8 — %
28% 23% *atl Biscuit 1.20*.. 9 25% 25% 25%-%
15% 10% Natl Bond & In 60g 1 11% 11% 11% — %
26% 16 Natl Cash Reg (1) 3 16% 16% 16% - %
12% 8% Natl Cyl Oas (,20g) 2 9% 9 9 - %
18% 12% Nat Dairy (,60g) _.x 38 16 15% 15% - ft
28% 22 Natl Distillers (2). 7 23 22% 22% - %
16% 9% Natl Gypsum _ 4 10% 10% 10% — %
27% 17% Natl Lead (.50) .. 7 19% 19% 19% - %
j 27% 14% Natl Malleable Stl.. 1 15% 15% 15% - %
10 64* Natl Pwr * L (.60). 12 9 8% 8% - V*
81% 52 Natl Steel (.SO*)... 4 62V* 60% 60% -2
15% 5% Natl Supply _ 3 6% 6% 6% - %
4% 2% Natl Tea Co _ 1 2% 24* 2%
11% 9% Natomas (.10)_ 1 9% 9% 9%
29% 18% Nelsner Broa (1)_ 1 23 23 23 —1%
17% 8% Newport Indue .. 5 10 9% 9% - %
47% 27 N Y Air Brake .50*. 1 35 35 36 -2
22% 11% N Y Central 68 12% 124* 12% - %
23% 10% N Y Chi A St L ... 5 13 12% 13 -%
38 18% N Y Chi A St L of 12 23 22% 22% -1
43% 30 N Y C Omnibus (3a) 2 32% 32V< 32% —1
3% 1% N Y Dock 10s 2% 2% 2% — 4*
118% 109 N Y& Harlem (6).. 10s 110% 110% 110%
IV* % N Y N H A H (I-)... 1 % % %-%
44* 2% N Y N H A H pf (rl 1 2% 2% 2% - %
16V* 84* N Y Shlpbulldtn* 1 9% 94* 94* — %
19% 124* North Am Avia.40*. 37 14V* 13V* 13% - %
26% 18% North Am Cot.90g) 17 22 21% 21% - %
59 53% No Am 64*%pf 2.876 1 56 56 56
59% 64% North Am 6% pf (3) * 1 56 56 56
14% 7 Northern Pacific 12 8% 8 8% — %
34% 29% Northwest Tel (3)_ 10s 29% 29% 29% — %
10% 6 Ohio 011 (.20#) 9 6% 6% 6% - %
30 14% Oliver Farm Eaulp 1 16 16 16 — %
20% 12% Omnibus Corp 1.20a 5 13% 13% 13% - %
27% 16% Otis Elevator!.55*) 4 164* 16% 16% - 4*
148% 135 Otis Elev pf (6) 20s 138% 138% 138%
15 7% Otis Steel 12 9 8% 8% - %
24% 16% Outboard Mot 1.30* 5 24% 24 24 - %
70 50 Owens-111 Ol 1.50*. 6 64% 63 63 -1
34% 27% Pac Gas A Elec (2) 3 31% 31% 314*
50% 41 Pao Lighting (S>._ 2 46% 46% 46%-%
4% 3 Packard Motor 30 3% 3% 3%
16% 10% Pan-Am Airway*— 2 11% 11% 11%-%
1% 4* Panhandle __ 1 % % 4* — %
14% 6% Paramount (,16g).. 19 8% 7% 7% - %
13% 7% Param t2d pf (.60). 3 9% 9% 9% - %
2% 1% Park Utah Mines_ 7 1% 1% 1% - %
13% 6% Path# Film_ 21 9% 9 9% - %
' 11% 7% Patino Minas_ 1 7% 7% 7% - %
94% 74 Penney <JC) 1.60*.. 1 88% 88% 88%
5% 2% Penn-Dlxle Cam_ 1 2% 2% 2% - %
' A
Prev. 1939 Stock end Seles— Met
Hleh. Low. Dividend Rate. Add 00. High, Low Close. ch«e.
24% 16 Penn Railroadt.EOe) 26 16% 16% 16% - %
40% 30% Peoples G A C 2.80g 1 36 36 36 -1%
34 15 Para Marquette pf. 160e 17% 17 17 - %
41 21 PereMaraprpf ... 30s 22 22 22 -1
10 7 Petrol’m Corp .JOg. 1 7% 7% 7% — %
8% 6% Pfeiffer Brew .60g_. 1 6% 6% 6%
44% 28% Phelps Dodge .7Bg_. 26 38% 36 37 -1%
49% 36 Phils Co 86 pf 1 43% '43% 43% - %
103% 76% Philip Morrla (la). 10 80% 79 79 -3
7 2% Phlllips-Jones_ 2 4 4 4 — %
43% 31% Phillips Petrol (2). 14 86% 36% 35% - %
31 23 Plllsbury FI <1 60) 1 28% 28% 28%-%
60% 35% Pirelli Corp(3.894e) 20s 50% 50 60%+ %
20% 12 Pitta Coal pf_ 1 13% 13% 13%
9% 4% Pitts Screw . _ _ 6 6 5 5 — %
24% 12% Pitts Steel b% pf... 10s 13% 13% 13% -1%
15% 6% Pitts A W Va .. 80s 7% 6% 7 - %
22% 17% Plymouth 011 1.40a. 1 18 18 18 + %
16% 7% Poor A Co (B) 4 8% 8% 8% — %
2% % Port R Am To A(r). 1 % % %
14% 6 Pressed Steel Car. 12 7% 7 7% - %
64 50% Proctor A Gam 12a) 3 60% 59% 69% -1%
119% 112 Proc AGam pf (E) 10s 114 114 114
41% 31% Pub Svc (NJ) 1.85g x 6 38% 37% 38%-%
166 148 Pub SvctN J)pf(g). 10s 161% 161% 161%+ Vi
39% 22% Pullman Co 4.75k)-- 6 24% 24 24%-%
11% 6% Pure Oil 8 6% 6% 6% - %
81% 63% Pure Oil pf (6) .. 1 67% 67% 67% + %
18% 10% Purity Baking ,65g. 8 15% 14'% 14% — %
8% 5 Radio Corp .. 56 5% 6% 5% - %
67% 53% Radio cv of 43.60).. 1 59% 59% 59%-%
2% 1% Radlo-Kelth-Or tr) 11 1% 1% 1%
11% 5 Rallr’d Sec I'l Stk_ 70s 6 5 5
17 6% Ravonter Inc _ 2 7% 7% 7% — %
21% 16 Reading 2d pf (2).. 1 16% 16% 16%+%
17% 10% Rem Rand 1.80g).. 3 10% 10% 10%-%
72 60 Renssalaer A S (8). 20s 62 62 62 -2
26% 12% Republic Steel ... 73 lfi 15% 15%-%
20% 9% Revere Copper .. 1 10% 10% 10% — %
14% 7% Reynolds Metals 3 8% 8% 8% — %
45 35% Reyn Tob (B) 1.50* 5 38 37% 37%-%
10% 6% Rich field 011 2 7% 7 7 - %
34 17', Ruberold Co (.50).. 3 18% 18 18 -1
48% 27% Safeway Strs 1.75* 19 43% 42 42% -1%
112% 96 Safeway pf (6) 10s 111 111 111 -1
46% 27% St Joseph Lead .75* 3 34% 34% 34%-%
2 % St L.-San Fr Df (r).. 2 % % %
4 3% St L Southwn pf. .. 10s 4 4 4 + %
17% 10 Schenley Distillers. 2 11% 10% 10% — %
1 % Schulte Retail Sir). 4 % % % -I %
10% 3% Schulte R S pf fr).. 4 4% 4% 4% + %
52% 45 Scott Paper (1.60) x 1 48% 48% 48% -1%
2% 1 Seaboard A L pf (r) 1 1% 1% 1% + %
22% 15% Seaboard Oil <1)._ x 2 16% 16% 16%
80% 60% Sears Roebuck (S)_ 33 76% 74% 75 — 1 Vi
18% 11% Servel Inc (la)_ 3 14% 14% 14% - %
21% 10% Sharon Steel .. 1 12% 12% 12% - %
50% 43 Sharp & D pf (3.50) 1 43 43 43 -2
11% 7% Shattuck (FQ)i.40) x 4 7 7 7 - %
15% 9% Shell On 011 (.26*). 8 10% 10% 10%-%
107 98% Shell UnOpf(5 60>. 1 100% 100% 100% + %
7 4% Silver Kin* Coal'n . 3 5% 5% 5% — %
32% 17% Simmons Co (.60*). 2 20% 20% 20%-%
29% 15% Skellv Oil Me) .. 1 17 17 17 - %
110i, ioi Sloss-Sheff of (6).. 10s 102 102 102 -3
22% 12% Snider Pke . 2 18% 18 18
13% 10% Socony-Vac'm .60*. 43 11 10% 11
3 1% So Am Gold i 10*) 2 1% 1% 1% - %
18% 15% S E Greyh’nd 1.50* 1 16% 16% 16% + %
20% 14 S Porto R Sue 1.25* 3 19% 19% 19%+ %
29% 23% Southn Cal Ed 1.60a 4 26% 26% 26*.- %
21% 10% Southern Pacific 36 12 11% 11% - %
23% 11% Southern Railway. 49 14% 13*. 14% — %
33% 15% Southern Rwy pr 10 21% 20% 21% - %
3% 1% Sparks Wlthlneton. 3 1% 1*. 1% — %
21% 14% Spencer Kell .70* — 2 16% 16% 16%+ %
47% 36 Sperry Corp (1*) — 12 39% 38% 38% —1%
26% 11 Spicer 5lfe (.60*) . 7 22 21 21% -1%
16% 8% Spiegel. Inc (.l'*)_. 16 10 9% 9% - %
75% 60 Spiegel Inc pf 4 60 x 10s 64 64 64
30% 18% Square D Co (.46*). 1 24% 24% 24*.-*.
7% 5% Stand Brands .475* 11 6 5% 5% — !«
108 98 Stand Br'ds pf 4.50 x l 100 100 100 +1%
4Vt 2% Stand Gas & Elec 1 2% 2% 2% — %
10% 4 % Stand Gas & Elec pf 4 6% 6% 6%
24% 13% Stand G*E 17 pr pf 6 18 17% 18 -%
30% 24% Stand Oil Cal (la). 18 25% 24*. 25%+ %
29% 22% Stand Oil Ind (1) . 10 24% 24 24%
53% 38 Stand Oil N J (la) 39 41 40% 40% - %
79% 65 Sterling Prod(3 80) 2 74% 74 74% - %
6V* 3% Stokely Brothers... 3 4 3% 4 + %
17% 8*. Stone * Webster... 26 10% 10 10%
9% 5% Studebaker.. 32 7% 7% 7%+ %
66 46 Sun 011(1) ... 2 46 46 46 -2
11% 7% Sunshine Min 1.20* x 8 9% 9% 9% — %
3% 1% Superior Oil . 13 1% 1% 1% — %
19% 17 Swift * Co (1.20).. a 5 17% 17% 17% - (k
28% 24% Swift Inti (2)_ 1 26 26 26
Prey. 1030 Stock and Sales— Net
Hlkh. Low. D’.vldend Rate. Add OO. Elgh. Low. Close, ehae
10% 4% Symington ww_ 5 4% 4% 4% — %
48% 32% Texas Corp (2)_ 29 36% 36% 36% - %
6% 3% Tax Gulf Prod ,10g 4 3% 3% 3% - %
32% 26% Tex Gulf Sul (1) .. * 9 28% 27% 27%-%
10% 7 Tex Pao CAO (.40). 3 7% 7% 7%
9 6% Texas Pao Ld Tr_ 10 6% 6% 6% - %
3% 3 Thompson (J R)— 2 3% 3% 3% + %
28V* 17 Thomp Prod .50*. _. 4 23 22 22% — %
3% 1% Thompson Starred 2 1% 1% 1% — %
14% 9% Tide-Water At) ,65g 5 10% 10 10 - %
18% 10% Timken Det Axis 5 14 13% 13% — %
64% 34% Timken Roll B (lg) 1 42% 42% 42% -1%
7% 6V* Transamerlca (.50). 4 6% 5% 5% — %
12% 6% Transcontl A W Air 10 9% 9% 9% - %
4 2 Tri-Continental ... 3 2% 2% 2% — V*
4% 3 Truax-Traer Coal._ 3 3% 3% 3% - V*
26% 16% 20th Cent-Fox (lg). 14 17% 17 17 - %
12% 7% Twin Coach 2 8% 8% 8% — %
66 40% Underw-EU-F 1.50g 2 40% 40% 40% -f %
12% 6 Union Bag & Paper 2 7 7 7 — %
90% 65% Union Carh (1.90c) 20 79 76% 78
19% 15% Union Oil (Cal).lOg 2 15'% 15% 15% — %
104 81% Union Pacific (6)... 2 93 93 93 —1%
90 78 Union Pao pf (4)... 1 82 82 82 -1
42% 31 Unit AIreraft(.75g) 19 34% 33 33% - %
13% 7% Unit Air Lines ... 6 10% 10% 10% - V*
65% 52 United Carbon (3).. 1 60 60 60 — %
3% 2 Unit Corn .. 17 2% 2% 2% - v*
39% 30% Unit Corp pf 2.60k„ 9 35% 35% 35% -1
I <’% 4% Unit Drug . 4 4»4 4% 44, _ yt
74 56 Unit Dyew'd pf (7).' 10s 60 60 60 -2
83% 62% United Fruit (4)_ 4 75 74 74 —j
14% 11 Unit Gas Imp (1).. x 24 13% 1.3% 13%-%
13% 6% Unit Mer A Mfg_ 3 10 9% 10 - %
7V4 S*a Unit Pn norhna r/6 1 Oa no n , . !
11 5’* USA Foi-n Secnr_ 2 6', 6'% 6'%- y%
113 77 U S Gypsum (2a).3 81 78(4 78'% -3
7(4 4 US Hoffman _ 2 5*4 6v* 5’*
25’* 13(4 U S Indus Alcohol . 1 ]6 16 16
49 35 U S Pipe A Fdy (2). 1 39H 39V, 39’i - (»
6'4 IV* U S Realty A Im(r). 5 l'% l', i'%
52’* 31V* U S Rubber ... 84 39(% ;{77% 38',— y§
112'/* 86’* U S Rubber 1st pf(l 2 105'/* 105 105
65'j 48 U S Sm & Ret (3g). 1 48'% 481% 48(4 - >4
70 41 ’4 US Steel ... 119 465, 4S 461% - Vk
120’* 98(4 U S Steel rf (7) ... 1 108 108 108 + (%
37(4 33 U S Tobacco ,96g ... 3 34'4 3434'%— '%
163 157 Unlv Leaf T pf (8). 10s 162', 162'% 162(4 +2(4
30V* 16 Vanadium Corp 10 21'% 20’, 21 — V*
37 25 Van Raaite (1.50ft). 2 32’* 32'% 32’*- V*
257% 18(4 Victor Chem W.50g 1 22 22 22 -1
317* 17 VaCaroChem pf... 1 20(4 20'* 20'%
27, H Va Iron Coal & C_100s 1'* 1'* ~ii* + y%
7’* 5'4 Waldorf Syst .3(ig _ 1 6’* 6’* 6’*
50’* 37 Walker (Hill) 2._ 2 39 39 39 + 14:
9!% 4 Walworth Co 3 4'% 414 414 — ^
67% 4 Warner Bros Piet 4 4’, 4(* 41,4 j
58 36 Warner Bros Pic pf 50s 50 50 50 -1
3(% l’« Warren Bros (r) .. 6 2 2 2 — 14
3*, l7, Webster Eisenlohr 1 2’* 2’, 2’, +
28(4 16 Wesson Oil & Snow. 5 17 I67, 47 _ i4j
112V% 112 W Penn Ptv pf 4.50 2 111’, 111’, 111’, - 4
34 20(4 West Aut S 1.05g .. 4 29'4 29V4 29 , - a,
’» V* Western Pacific ... 1 y* y* i%
| 281, 167, Westn Union Tel .. 25 21'* 20’, 20’* -
31’* 18'* Westhse A B .50ft . 5 22 21', 22
120 82>■% Westhse Elec 1.75g 18 101’. 100 100', -3’.
26 15!% Wastvaco (la) . 3 23’, 23'% 23', — ',
34’* 29 Westvaco pf il.fiO). 2 34 33’, 33-., _
31’* 15’i, Wheellne Steel . 4 20S, 20'* 20', - n,
13*» 7 White Motor . 3 77« 77» 7:, _ l,
2'% 14% White Sew M new.. 1 I7, 17, jt,
3'% 1 Willys Overland .. 6 1’* l\ j’, — y%
6>4 2*i Willys Overl'd pf . 2 3'. 3(* 3', — t,
5 27» Wilson A Co _. 6 3', 3 3 — 1,
49!4 32 Wilson ACopf . 1 32', 32', 32'4 + 14
114 105', Wise EP&L pf (6). 40s 113 113 113 + 7,
25’, 15 Woodward Iron ... 1 167. 16\ 167,
504, 41’. Woolworth (2 40) 31 45’, 44 . 45', _ 1
23', 10(% Worthington Pump 3 13 13 13 - iv
85'% 75 Wrleley (3a) . 1 79’* 79‘, 79’* - y, '
j 33(% 19 Yale A Townet.60). 1 191* j9:, I9y* + 1,
21** ll'H Yellow Truck 18 14'* 13’* 141, _ y„
21'% 9'% Young Spe & Wire. 3 10’, 10', id', - t*
557» 30 Ygstwn Sheet & T. 37 36', 35’, 35’, -Is
f 22S 12 Zenith Radio (lg) 5 16'% 15S 16 -
Approximote Sales of Stocks on the N. Y. Stock Exchange
11:0c A.M. 120.000 12:00 Noon 220,000
1:00 P.M 290.000 2:00 P M , 330.000
Total Sales for the day , 460.000
sUnlt ot trading 10 snares
rln bankruptcy or receivership or oemg reorganized under
Bankruptcy Act. or securities assumed by such companies.
Rates of dividend lrt the Ioregomg table are annual disburse
ments oased or the las' auarterly 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 e Paid I
■ ast year, f Payable in stock e Declared or paid so far this
y,ear ^ h Cash or stock % Accumulated dividends paid or de
' clared this year
Dollar Turns Upward
Sharply in Nervous
London Market
American Unit Closes
At 4.34 to Pound;
Franc Also Slips
By the Associated Press.
LONDON. Aug. 31.—The United
States dollar closed at 4 34 to the
pound today, an advance of 7‘.3
cents in terms of sterling, in a for
eign exchange market again de
scribed as erratic and nervous fol
lowing the latest political news.
The rate for the unit compared
with $4.40 for sterling in New York
late yesterday.
The French franc slipped off to
175.37 to the pound, against 175.25.
the previous close.
PARIS, Aug. 31 iJF).—The United
States dollar was quoted at 40.35
francs (2.478 cents to the franc) in
final foreign exchange operations
today and compared with the franc
at 2.517 cents in New York over
night. Exchange on London. 175.28.
Transactions in the Bourse ended
with 3 per cent rentes quoted 73.65
francs; 4lsS "A", 83.15; 4Vis 1937,
160.20.
NEW YORK. Aug. 31 UP).—A
fresh drop of about 10 cents in the
pound sterling accompanied a re
turn to highly erratic fluctuations
for other chief European currencies
in foreign exchange dealings to
day.
Turnover was at a minimum as
commercial demand for sterling, at
tracted a little by the compara
tively optimistic slant to European
news on Tuesday, suddenly dried up.
Banking quarters mentioned the
long step toward complete mobiliza
tion taken by England, partial evac
uation of London accompanied by
temporary suspension of stock mar
ket trade as the chief factors for
the renewed nervousness in money
centers.
Sterling at $4.30 was less than
20 cents above the price hit soon
after the exchange equalization
fund withdrew support last week
and about 65 cents below the rate
to which the pound was pegged for
months.
The French franc took a down
ward spin of .06 Vi of a cent in
terms of the dollar. The guilder lost
.05 of a cent, while the swiss franc
was unchanged. Belgas managed
to advance .03 of a cent. The Ca
nadian dollar slumped a full cent.
Late rates follow:
Great Britain in dollars, others in cents.
Great Britain, demand. 4.29: Great Brit
ain. cables. 4.30: 60-day bills. 4.28: 90
day bills. 4.27; Canada. Montreal in New
York, 97.50: Canada. New York In Mon
treal. 101.50: Belgium. 17.10: Denmark.
20.85: Finland. 2.07: France. 2.45‘/a: Ger
many. 40.00: benevolent. 19.00; travel.
22.40; Greece ,81n: Hungary. 19.7fin:
Italy. 5.26: Netherlands 53.40: Norway.
23.00; Poland. 18.82n: Portugal. 4.27n:
Rumania. 72n: Sweden. 23.90: Swiltvland.
22.66; Argentina (official), unquoted: Ar
gentina (Iree). 23.50: Brazil (official), 6.05:
Brazil (Iree). 5.10: Mexico. 17.10n: Japan.
25.25n; Hong Kong. 27.25: Shanghai,
7.50: Yugoslavia. 2.32.
Rates in spot cables unless otherwise i
Indicated, n Nominal.
150 Tons of Lead Sold
NEW YORK, Aug. 31 OP).—St.
Joseph Lead Co. reported 50 tons
of Southeast Missouri pig lead sold
yesterday at $4.90 per 100 pounds
East St. Louis and 100 tons at the
New York average.
Exchange Reserve Advocated
For Firms in Difficulties
By the Associated Press. |
NEW YORK. Aug. 31.—Creation
of a special reserve fund by the New
York Stock Exchange "to facilitate
liquidation or mergers of member
firms in a vulnerable position" was
recommended today as a means of
increasing "the adequacy of cus
tomer protection" in the stock mar
ket.
The recommendation was made by
the Public Examining Board headed
by Roswell Magill. former Under
secretary of the United States Treas
ury, which was named by the ex
change July 14 last to study the
feasibility of a "brokerage bank."
The board, in the course of its re
port. suggested that “continued self
policing by the stock exchange of
i its member firms was a more prac
tical means of increasing customer
I protection than either the estab
lishing of a “brokerage bank" or
State and Federal examination and
I
supervision of brokerage house
banking activities.
But to improve its ‘'self-policing,"
the board made 14 specific recom
mendations. and in addition sug- i
gested creation of the "big board”
reserve fund to step in and clear the
smoke when brokerage houses fail.
Jerome N. Frank, chairman of the
Securities and Exchange Commis
sion, just prior to naming by the ex
change of the Public Examining
Board had held that a "brokerage
bank” or some other device should
be created by member firms in Wall
Street to serve as central depos
itory for customers' securities in
brokers' hands as a safeguard for
the investing public against loss in
firm failures.
Stock exchange brokerage houses
are custodians of around S280.000.- |
000 of cash and $2,750,000,000 of se- i
curities belonging to Wall Street in- j
vestors, today's report disclosed.
Bar Gold Price
Boosted Again
At London
By the Associated Press.
LONDON, Aug. 31—Bar gold was
raised sixpence today when the price
was fixed at 159 shillings in the open
market, and, based on sterling at
$4.35, is equivalent to $34.58. Buyers 1
of the metal W'ere rationed an$ ac- j
cordingly received 82 per cent of
their requirements.
Bar silver, quoted at 18 7-16 pence, !
declined % of a penny. (Equivalent
based on sterling at $4.35 is 36.09 (
cents.)
—
Short-Term Securities
(Reported by Smith. Barney ft Co >
Bid. Cffer.
Ala Gt South "A” 5s 43 109%
Alleghany Corp Cv 5s 44 68% To
Amtr Tel ft Tel 5%s 43 11(1% 110%
Austin ft Northwest 5s 41 52 59%
Baldwin Locr. Works 5s 40 101%
Centra! Foundry Hs 41 02
Chicago Union Sta 4s 44 100% 107
Container Corp 5s 43 98% 09
Cuba Nor Rwys 5%s 42. 25% 20%
Delaware ft Hudson 4s 43 54 55V,
Illinois Steel 414s 40 .. 10'!% 104%
Inti Hydro-Elec Hs 44 80% 84
Inti Merc Marine Os 41 54% 55
Lake Erie ft West 5s 41 02 88
Lehigh Val Term Ry 5s 41 54%
Louisville ft Nash 4s 40 . 100% 100%
Michigan Central 4s 40 00 00%
Midland R R of N J 5s 40. 0% 12
N Y ft Long Branch 4s 41 74%
Pennsylvania Co 3'4s 41 103
Penn-Dixies Cement Os 41 _ 08s, loo
Penna R R Co 4s 43 109% 109%
Peoples G L ft C Hs 43 110
Peoria ft Eastern 4s 40 . 40% 44
Phila, Balt ft Wash 4s 43 . 110’, 111%
Studebaker Corp Hs 45 87 SO
Texas ft N Orleans 5s 43. 70
Union Oil of Calif Hs 42 . 113% 114
Vanadium Corp 5s 41_ 100 100%
Warren Bros Hs 41 ._ 35% 38%
Western N Y ft Pa 4s 43 104%
White Sew Machine fis 40 101% _
Odd-Lot Dealings
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for August 30: 2.84H
purchases Involving 7H.5H8 shares. 2 520
sales involving H1.8H5 shares, including
124 short sales involving 3,833 shares.
Rubber Futures
NEW YORK. Aug. 31 dpt.—Crude rubber
futures opened 3 lower. September. 16 49b'
December 16.25: March, 16.18b. ,
b—Bid._ 1
New York Cotton
By the Associated Press.
NEW YORK, Aug. 31.—Cotton fu- :
tures staged a brisk last-minute !
rally today after fluctuating uncer- '
tainly in early trading. i
Heavy buying in the July contract j
caught many traders short, brokers
said. :
Closing range:
Open High Low. Last.
October 8. MS 8.41 8 28 8 41 <
December 8 28 8.25 8.15 8 25-26 ]
January 8.11 8.11 8 04 8.12n ]
March_ 8 00 8.10 7 90 8 08
May 7.07 7.97 7.87 7 00 , <
July 7.77 7.82 7.60 7.80
Middling spot. 8.01.
n Nominal.
Cottonseed Oil. I <
Bleachable cottonseed oil futures closed
1 . *o 15 higher. Sales. 1 1 1 contracts. Oc- i
tober. 5.62b: December. 5.74-75; January. ■
5.82; March. 5.00-01. b Bid.
New Orleans Prices. ^
NEW ORLEANS. Aug. Ml iT .—Cotton1
futures (old* were slightly easier here today ,
under hedge selling and liquidation. At i
midsrssinn prices were 4 to 7 points net 1 :
lower.
High Low. Last.
October _ 8.47 8.42 S.4.M
December_S.M5 8.20 8.Mo
March _ 8.15 8.1 o sin
May _8.<»M 8.on s no
July m- 7.80 7.81 7.81
Cottonseed oil opened steady. Septem
ber. 4.nob: October. 5 .nftb: December
5.20b. January. 5.26b: March 5.37b
b—Bid
Firm Ordered to Drop t
Misleading Terms
By the Associated Press.
The Federal Trade Commission | ‘N
announced yesterday that it had or- !c
dered Saks & Co., New York City l
Arm, to cease “misleading repre
sentations” in the sale of perfumes
and other toilet preparations. :
The company, the commission
added, is directed to stop represent- |
ing, through „he term “famous in
France,” that perfumes made or ‘
compounded in the United States |
are made or compounded in France. J
provided that the country or origin J
of the various ingredients may be j
stated "when immediately accompa- j
nied with an explanation that such j
products are made or compounded in f
he United States.” j
---_ i
u
United States Treasury Position
By the Associated Press. f
The position of the Treasury August 29 compared with comparable date a year ago*
August 29. 1939. August 29. 1938.
F vnon3 ft n rp«-“- *7,835.053.40 $14,158,359.08
UFM - 11.290.300.06 20.029 430 00
Net balance __ —--- 2,300.707,139 2 °°5 374 20° °9
working balance included_ 1,015 193.881 s2 1 6*8 713 oiS'Sn
Customs receipts for month. _ 25'100.080 12 *7’495’S*o’74
Receipts for fiscal year (July 1)- 705,088.703:84 785.524:104.22
Expenditures -«-- 1,590,009.745 30 1 415 544 8°9 34
OrftK«^ of expenditures- |91,581.041.52 030,020.005:12
Gross debt -----40,085.739.125.30 37,537,580 803 30
Increase over previoui day- 3,003.403.10 0
Gold assets-j-—- 10,034.930,009.42 13,103,402*749.00
Early Stock Losses i
Of $1 to $3 Reduced •
Before Close
Late Reports of Peace
Efforts Help Bolster
Dull Market
Stock Averages
. 30 15 15 50
Indust. Ralls. Util. 8U.
Net change —.8 —.5 —.7 —.7
Today, close 65.8 16.9 87.4 46 3
Prev. day . 66.6 17.4 38.1 47.0
Month ago. 71.0 19.6 40.5 50 4
Year ago. 70.1 18.6 32.4 47.5
1939 high.. 77.0 23 8 40.6 53.4
1939 low... 58.8 15.7 33.7 41.6
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
(Complied by the Associated Press.) i
I-1 •
Bv VICTOR EUBANK. i
Associated Press Financial Writer.
NEW YORK, Aug. 31.—The war
dice rattled a bit more feverishly
3n Europe's political tables today
snd financial markets generally re
sumed the retreat.
Stocks dipped i to 3 points at *
sne time, but slowness of dealings
provided some consolation for bull
ish quarters. Transfers for the five
hours were around 500.000 shares.
Late reports Italy might attempt
to mediate the axis-anti-axis con
troversy over Poland brought in mild
support at the last and extreme
losses were halved in many in
stances when the closing gong
sounded.
War staples rose and those in
other categories displayed mixed to
lower tendencies. Bonds were well
down on small volume. Foreign -
markets turned in a losing per
formance throughout.
Dampening speculative spirits at
the start was the announcement
England, preparing for the worst,
would tomorrow evacuate from pop
ulous centers children, aged men
and women and invalids to the
number of some 3.000.000. Additional
British naval and army reserves
were called out in the shift toward
full mobilization.
At home, the apparent reluctance
3f sellers to dump holdings was at
tributed to the continuance of good
Dusiness prospects and the belief of
most boardroom observers that,
even if the international blowup
eventuates, industry will be buoyed
ay large purchases of materials here
ay those, nations which have several
aillions in funds and securities al
ready in this country.
Confirming the relative brightness
af the domestic economic scene in
:he minds of analysts were today s
railway figures placing last week's
freight loadings up more than sea
sonally at a new peak since October,
1938.
Notice was taken of an urgent
French cabinet meeting with Presi
ient Lebrun, but Premier Daladier
ralmed nerves a trifle by stating the
session was not called to "consider
teneral mobilization." Subsequently
t was learned at London telegraphic
md telephonic communications be
:ween that city and the European
rontinent and the United States had
seen interrupted. The reason was
lot known immediately.
Chicago Grain
By the Associated Press.
CHICAGO. Aug. 31.—Grain trade
nervousness over the European
political situation was revealed to
day in renewed buying that lifted
wheat prices almost 2 cents a bushel
at one stage. British war prepara
tions and other disquieting news
from abroad attracted much at- '
tention in the wheat pit.
Reports from the Southwest indi
cated there has been a pickup in ,
flour business, with demand for *
cash wheat also improved.
Although reacting from early
highs due to prospects of deliveries y
311 September contracts, wheat
closed l2-l‘j higher than yesterday,
September, 68-67V December. 68‘2
V corn unchanged to higher;
September. 43 ’,: December. 44-44',;
Dats. !8 lower to 3S higher.
WHEAT— Open. Hleh. Low. Close
September .fit3, .fiS3, .HT3, .HS-HT3.
>ecember 68% .69% .88% 88%-%
-lay .(59 .69% .68% .69%-69
CORN—
leprember .43% 44% 43% .43%
Jec^mber .44% 44% .44 .44-44’*
lay .47% .47% .46% .48s*
OATS—
September .30% .30% .29% .29%
>ecembei .29% 29% .29% .29%-%
lay .29% .29% ,29s* .29% !
SOY BEANS—
)ctober 70% .70% .70 .70
>ecember .70 .70 .89% .89% !
lay .72% - _ .72%
PYjr_
September .39% .39% .39 .39
)ecember .42% .42% .41% .41% #
lav .45% .45% .44% .44 34
LARD —
lepi ember 5.(50 5.62 5.55 5.55-57
krtober 5.65 5.67 5 82 5.82 I
)ecember 5.65 5 77 5.65 o 72 \
fnuary 5.72 5 82 5.72 5.77
BELLIES—
eptember 5.62 5.85 5.62 5.85
Chicago Cash Market. !|
Cash wheat. No 2 red (tough*. 72: No 2
ello*. hard. 69%: No. 3 mixed (weeviv.
9; tough. 69. Corn. No. 1 yellow. 4g%
6%: Nn. 2 45%-% No. 1 white 55%;
Jo. 2. 55 *4. sample grade, white 43 Oa:>,
*o 2 feed. 30%: No 2 mixed 31 Nn 3.
0%-31: sample grade mixed 30% No. *
white. 32%-: sample erade white. 30-31.
Jarley. malting. 43-56 nominal: feed. 33
(•. nominal; No 3 barley. 54: No. 2 malt
tie. 5(». Rye. No. 3. 43. Timothy, seed. ,
65-90, nominal. Red top. 8.50-9 oo.
ominal. Alsike. 12.00-15.00, nominal.
Winnipeg Price*.
WINNIPEG. Aug. 31 oP.—Grain range
)dav;
Prev.
High. Low. Close. Close.
WHEAT—
ct .59 .57 .59 .56 V* 1
ec __ .60% .58% .60% .57%-%
[ay . .63% .61% .63% .60%—’>4
OATS—
ct .29% .29 .29 .29%
Wheat. No. 1 Northern. 59%; No. 2. 56;
fo. 3 52%. Oats. No. 2 white. 28%; No.
. 26v*.
uauuuuir biuuiktiuns.
BALTIMORE. Aug 31 UP).—Wheat No.
red winter, garlicky, spot domestic. 74.
J. S. Treasury Notes
NEW YORK Aug. 31 opi.—Prices quoted .
i dollars and thirty-seconds:
Per Approx,
lo. Cent. Year. Bid. Asked. Yield.
ept. Pi 1930_100.1 _
lec. 14* 1030_101.2 101.5
lar. 1»« 1040_101.s 101.11
une 1", 1040_101.8 101.11
•ec. l'/j 1040_101.23 101.28 .08 S
lar. IOj 1041_ 101.28 101.20 .28
ur.e 13« 1041_ 101.28 101.20 .31
'ec 1Yt 1041_ 101 20 102 .38
lar. 144 1042_ 103.7 103.10 .43 ;
ept. 2 1042_ 104.20 104.23 .43
'ec. 14; 1042_ 103.27 103.30 54
une 1>« 1043_ 101.20 101.23 .87
lec. 13« 1043_ 101.22 101.25 .71 !
une 4-« 1044_ 00.30 100.1 .74
>ry Goods Market
NEW YORK Aug. 31 UPi.—'Textile trad
ig in Worth street was reported generally
uiet today. Buyers were unwilling to
lake forward commitments pending Eu
opean developments. Wool goods were
ull.
Scarcity of acetate yarns, resulting from _
he shutdown at the Celanese Corp. plant, ii
rought in an increased demand for rayon,
'rices were Arming.
Despite Improved Calcutta cablet, do-,
lestic burlap prices were slightly gaiier
ue to the decline in sterling.
I »

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Evening star. [volume], August 31, 1939, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972