Evening star. [volume] (Washington, D.C.) 1854-1972, January 02, 1940, Image 18

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Evening star. [volume], January 02, 1940, Page A-18, Image 18
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 Jan. 1940. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1940-01-02/ed-1/seq-18/>

Newspaper Page Text

D. C. Bank Clearings
In 1939 Exceed 1938
By $59,432,311
Total for December
More Than $7,000,000
Higher Than Year Ago
By EDWARD C. STONE.
Bank clearings in Washington in
the year 1939 registered an upswing
of $59,432,311.75 over the 12-month
total for 1938. according to the re
port made today by Manager George
H. Bright of the Clearing House As
sociation.
Clearings in 1939 totaled $1,206,
088.029.07. in comparison with $1,
146.655.717.32 in 1938. the report re
vctiicu. vvauc auuaianuau>v aucau
of 1938, canceled checks in the Cap
ital were not quite up to 1937, when
the total stood at $1,255,990,906.39.
With the exception of 1937. however,
1939 clearings were the best since
1931. the figure eight years ago
being $1,233,276,777.02.
Bank clearings in the Capital in
December bote out the reports of
record holiday trade, the figures
reaching the highest December mark
since 1930. Clearings totaled $115,
388.360.11, against $108,111,326.10 in
the final month of 1938. an upturn
of $7,277,034.01. The December, 1930,
figure was $117,573,071.06.
Clearings in 9 of the 12 months
were ahead of the same periods last
year, some of the larger gains being
scored toward the end of the year,
indicating a rather steady business
pickup. The year was quite dif
ferent from 1937, when the best
gains were made in the early months
and business took a tumble in the
last half year.
The first banking report for the
full year is enlightening, optimistic
and indicates a trend that is ex
pected to run well into 1940. The
monthly clearings for 1939 compare
as follows with 1938:
1939. 1938.
January _$96,424,506 $93,436,118
February ... 82.733.900 84.231,245
March_ 103.916.350 95.692.396
April . 99.730.563 101.104.372
May . 96.395.809 86.749.470
June, .. 108.466.851 101 841.824
Julv . 101.104.931 94.366.854
August ... 93.631.523 88.017.063
September .. 99.244.037 89.203,505
October 108.232.399 99.665.488
November _ 100.838.795 101.236.048
December 115.388.360 108.111,326
New Exchange Member Listed.
Robert Lee O'Brien, connected
With Folger. Nolan & Co., was
elected a member of the Washing
ton Stock Exchange today at the
opening session of the new year.
He has been active in the financial
district for several vears and is the
first new member added to the ros
ter in many months.
The first 1940 trading opened with
a rush. First sales were in Capital
Traction 5s, at 98'2. Washington
Railway <& Electric 4s were aiso
strong at 108. *
Washington Gas Light preferred
moved at 106 and 75 shares of Mer
genthaler Linotype changed hands
at 15’2.
Capital Transit opened at 14 h
and moved up to 1478 on a turnover
of 110 shares.
Real Estate Prices Rising.
Definite upward trends in real
estate prices and rentals through
out the country are indicated in the
results of a national survey of bank
ing opinion on real estate prices and
rentals published in the current issue
of Banking, official publication of
the American Bankers' Association.
This conclusion is based on 2.068 re
plies to questionnaires sent to
bankers in all 48 States.
Reasons upon which the bankers
based their predictions varied from
a shortage of good, moderate-priced
homes in New York to better agri
cultural conditions in Montana, in
creased copper production in Ne
vada and Arizona, and expectations
of greatly increased tourist busi
ness in Florida.
California bankers held that real
estate prices and rentals will be
static in their area in the near
future because of recent additions to
housing facilities in that State.
Hildt Leaves Alexander Brown.
Thomas Hildt has withdrawn as
a partner of the investment banking
firm of Alexander Brown & Sons,
it was announced today. He joined
the firm as a general partner in 1923,
after retiring as president of the
Merchant's National Bank of Balti
more.
Mr. Hildt served as the partner in
charge of the banking business, but
commercial banking activities were
dropped under Federal law.
B. Howell Griswold, jrsenior
partner, said “Mr. Hildt has been
a most efficient partner. It is only
natural that he should wish to
return to the field of banking."
Brokers Cheerful on 1940.
Although the pace of industrial
activity will continue to fluctuate
widely in 1940, the outlook for the
coming year may be viewed with
out anxiety, in the opinion of Fen
ner fc Beane, New York Stock Ex
change firm.
The increasing importance of do
mestic political developments in
business affairs, as well as war un
certainties, has induced extreme
caution in business operations and
a pronounced sensitivity to news in
these two fields. With a presiden
tial election in the offing at home
and with a major war in progress in
Europe, the short-term character of
business planning of recent years
may even be intensified during the
coming year.
It appears likely, however, that
the trends which characterized the
major industrial groups in 1939 will
persist during the new year, with
rare exceptions, according to a
forecast distributed here.
Sipamfinat FliviHpnH Hooloroit
Directors of the Norfolk & Wash
ington Steamboat Co. have declared
the regular semi-annual dividend of
$2 per share, payable January 15, it
was announced today. The stock is
closely held by many Washing
tonians, very little having been sold
during the past year. Listed on the
Washington Exchange, the low for
the year was 60 and the high mark
65, the yield at this price being 6.15
per cent. The president of the steam
boat line is Clarence F. Norment, jr.
The midyear educational dinner
meeting of Washington Chapter.
American Institute of Banking, will
take place at the Raleigh Hotel on
Tuesday, January 16, when J.
Stanley Brown, personnel director
of the Chemical Bank & Trust Co.,
New York, will be the guest speaker
Edward M. Blaiklock, Washington
Loan & Trust Co., is chairman of
the Educational Committee, and
complete plans for the second
semester will be outlined.
jTRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
IKv Private Wire Hirer.t (n The Hter. I o wn n m l o wn n m o wn n in
2:30 D.m
Prev. 1930 Stock and Sales— Net.
High. Low. Dividend Rate. Add 00. High Low Close, chge
71% 63 Abbott Lab (160a>. 6 69% 68% 69 + \
149% 120 Abbott Lab pf 4.50. 100s 144% 144 144% 45*1
11% 6% Adams Exp (.25g).. 2 8% 8% 8% + Vi
27% 15% Addressog'ph (1.40) 2 18% 18% 18% +1
68 45% Air Reduction (la). 9 57% 66% 57 4- %
10 6% Alaska Juneau 80g. 7 6% 6% 6% + %
2 % Alleghany Corp ..6 1 1 1
20% 5% Allegh’y 830 pf ww. 6 13% 13 13% + M
18 4% Alleghany pf xw 1 11% 11% 11%
28% 14 Alleg-Ludlum 50g. 1 21% 21% 21% + %
200% 151% Allied Chem (6a)... 3 176% 176% 176%
16% 9% Allied Mills (lg)._. 11 14% 14 14 +%
11% 6 Allied Stores. _ 8 9 8% 9 + %
48% 28 Allis-Chalm (la)... 17 41% 40% 41% + !(
19% 12% Alpha Port Cmt (1) 2 15% 15% 15%+ %
3% 1% Amalg Leather_ 1 2% 2% 2% - %
74% 50 Amerada (2) 3 66 55% 56 4 lH
24V, 16 Am Ag Ch Del 1.30g 1 20% 20% 20%
47 16% Am Airlines _ 25 46% 45% 45% + M
17% 9% Am Bank Note_ 5 10% 10% 10% + M
8 3% Am Bosch _ 2 6 6 6 + %
67% 31% Am Brake Sh (la)_. 1 44% 44% 44%
116% 83% Am Can (4) .. 14 114 113% 114 + %
40% 16% Am Car & Foundry. 5 31% 31% 31% - %
25% 13% Am Chain & C (lg). 3 23 22% 22%+ %
8% 6 Am Colortype . .. 1 6% 6% 6t4 + %
11% 5% Am Comc’l Alcohol- 3 7% 7% 7% + M
18% 6% Am Crystal Sugar 1 12% 12% 12%
86% 61 Am Crystal S pf (6) 40s 61% 81% 81% + %
5% 2% Am Encaustic Til 13 3 3
3% 1% Am & Foreign Pwr. 1 2 2 2 + b
25% 10 Am & For'n P 86 pf. 2 20+s 20% 20% + Ti
30% 12% Am & For'n P 87 pf. 1 25 25 25 +1
33 12 Am Hawa’n SS( la). 13 ;.9% 28% 29 + %
8 2% Am Hide & Leather 2 6 5% 6 + %
43% 25% Am Hide & L pf (3) 2 37 36 37 4 3
wv» 11+4 /vin nume rr (i.via.. 4 OU'/« mi OU
9 3% Am International.. 2 6% 6% 6% + x,
30% 13 Am Locomotive .. 3 21% 21% 21% + %
79% 41 Am Locomotive pf. 1 57 57 57 + H,
15x* 11 Am Mach & Fv(.80) 1 14% 14% 14% -t %
5% 2% Am Mach & Metals. 1 3% 3% 3% + %
40% 22% Am Metal (lg) 2 24% 24% 24%
7 3% Am Power & Light. 12 4% 4% 4% + %
49 28 Am P&L 85 pf (4k). 7 48% 47% 48%+ %
68% 32 Am P&L $6pf 4.801c. 10 58% 67 58 +1
18% 8% Am Radiator ,30g.. 60 10% 10% 10%
22X* 11% Am Rolling Mills 9 16% 16% 16x« + ((
15% 10% Am Safety Raz 1.20 2 11% 11% 11%+ %
46% 25% Am Ship Bldg 1.50g 20a 31% 31% 31%+ %
63 35% Am Sm & Ref (2a)_. 4 51% 51 51 % + x,
41 20% Am Steel Foundry.. 3 32% 32% 32% + %
18% 9 Am Stove (1.75g) .. 2 16% 16 16%
34% 15% Am Sugar Refining. 2 19% 19% 19%
98 75% Am Sugar R pf (7). 3 82% 81 82% +2%
171% 148 Am Tel & Tel (9)... 7 171% 171% 171% + %
87% 73 Am Tobacco (5) ... 4 85** 85 85% + %
89% 75% Am Tobacco(B) (5). 14 87% 86x« 87%+ %
153% 132 Am Tobacco pf (6). 1 149 149 149 +1
8% 4% Am Type Founders. 1 5% 5% 5% + %
14'% 8% Am Water Works.. 41 12 11% 11%+ %
15% 3% Am Woolen _ 3 9% 9% 9% + %
64% 28% Am Woolen pf 2 46 45% 46 +1
12 4 Am Zinc _ 2 7% 7% 7% + %
48 24 Am Zinc pr pf_ 2 39 39 39
40 20% Anaconda <1.25g)._ 36 30% 30% 30% + x,
4 1% A P W Taper 1 3% 3% 3% - %
37 21 Arch-Dan-Mid 1.10* 2 32 31% 31%- %
106 97 ArmourtDel) pf (7). 2 10S 106% 108 +2
8x* 3% Armour (111) ... 7 5% 5% 6% + %
60 33x4 ArmourdlDpr pf... 1 47% 47% 47% +1%
68 31** Armstrong C (2g)_. 4 38% 37% 38% +1%
42% 21 AtchTop&SFe .. 17 24% 24% 24% + •%
71 49% Atch T&S Fe pf (6). 2 51% 50% 51%+%
30% 15 Atl Coast Line .. 6 22% 22'% 22% + %
26% 5x4 Atl Gulf & W Ind . 2 16 16 16 +1
26 9% Atl Gulf&W Ind pf. 2 18, 17 17 + %
24% 18% Atl Refining (1) ... 1 20% 20% 20%
9% 7 Atlas Corp (.50g)__. 1 8% 8% 8% - %
48% 43% Atlas Corp pf (3)... 1 47% 47% 47% + %
5% 1% Auburn Auto (r)_ 2 2'* 2% 2%
9% 3% Aviation Corn ... 62 7% 7 7% + V*
21% 9% Baldwin Lococlfs. 6 ‘17% 17% 17% + %
8X4 3% Balto & Ohio _ 15 6 5% 6 -e %
11% 4% Balto & Ohio pf .. 1 7% 7% 7% + %
30% 11 % Bangor & Ar 2.37g . 4 13% 13% 13% + %
87% 49 Bangor & Ar pf (5). 100s 52 52 52 + *»
19% 11% Barnsdall t.90g) . 4 12% 12% 128. +
26% 15% Bayuk Cigar (.75a). 4 26% 26% 26xt + %
28 17 Beatrice Crea (la) 2 27% 27% 27% - %
128% 104% Beech-Nut Pkg(4a) 1 126 126 126 +1
9% 7% Belding-Hem (.80). 1 9% 9% 9% + %
33x4 16% Bendix Avia (1.50g) 24 32% 31% 32 +1
22% 17% Beneficial Ln 1.85g. 2 21% 21% 211* -t- %
56 48% Beneficial L pf 2.50. 1 56% 56% 56% + %
*vv iiVTi UDimciitm tju 1* o_ -4 CU Ol T *»
184 154 Beth Stl 57. pf (1).. 3 18 18 18 + 4
1204 994 Beth Steel pf (7)... 4 1154 115 1154 + 4
324 154 Bigelow Sanf’d(lg) 2 31 304 31 +14
244 14 Black & Decker (1). 4 22 21 22 +14
174 84 Blaw Knox . 13 114 104 114 + 4
364 134 Bliss&Laugh 2.50a. 2 2S 23 23 + 4
344 164 Boeing Airplane _ 12 224 224 224 + 4
284 16 Bohn Alum & B (1). 1 23 4 23 4 234
634 51 Bon Ami(B)2.50a.- 40s 64 61 61 + 4
22 164 Borden Co (1.40g)_. 7 214 214 214 + 4
32 184 Borg-Warner (la).. 18 254 25 254 + 4
344 194 Bower Roll B (3)... 3 334 334 334 + 4
154 74 Bridgeport Brass... 2 114 114 114+ 4
314 164 Briggs Mfg 1.25g .. 4 224 214 22 — 4
53 414 Bristol-Myers 2.40.. 1 52 62 52 -1
154 74 Bklyn-Man Transit. 2 144 144 144 + 4
504 27 Bklyn-Man Tran pf. 2 494 494 494 - 4
144 54 Bklyn & Queens pf. 2 13 124 13 + 4
304 134 Bklyn Un Gas(.50g) 6 244 234 244 + 4
254 94 Brunswick-B 2.75g. 11 224 214 224 +14
134 7 Bucyrus-Erie(.60g) 2 94 94 94 + 4
8 4 Budd Mfg _ 6 54 64 54 + 4
554 294 Budd Mfg pf_ 20s 41 404 41 + 4
64 3 Budd Wheel 2 54 54 64 — 4
344 214 Bulova Watch (2a). 1 31 31 31 + 4
204 114 Burlington Mills la 5 194 194 194 -4
184 11 Burr’s Add Mch 40. 8 124 114 124 +4
7a. 1 Bush Terminal ... 11 44 44 44 + 4
20 64 Bush T Bldgs pf.... 30s 114 11 114+14
94 54 Butler Bros (,30g). 1 74 74 74 +4
164 7 Byers (A Ml Co .. 2 124 124 12'.
30 134 California Packing. 17 25 234 244+24
53 484 Calif Pkg pf (2.50). 1 61 51 51 + 4
34 4 Callahan Zinc . 2 14 14 14
104 44 Calumet & Hec ,50g 4 7 7 7 +4
174 94 Camb’ll Wyant .60g 2 154 154 154 + 4
204 12 Canada Dry (,50g). 3 174 1714 174 +4
6V* 34 Canadian Pacific . 15 5 44 5 + 4
414 294 Cannon Mills 2.23g. 1 394 39‘. 394 +1
4 24 Carriers & Gen .log 2 3 24 3 + 4
1224 110 Case (J I) Co pf (7) 10s 1184 1184 1184 - 4
644 384 Caterpillar Trac(2) 2 544 54 544 +1
304 134 Celanese Corp(.50a) 7 294 294 294 +4
1094 84 Celanese pr pf (7).. 150s 109 109 109 + Vi
194 74 Celotex Corp 2 104 104 104 + 4
304 184 Cent Aguirre (1.50) 2 234 23 23
1134 1034 Cent 111 L pf (4.50). 10s 112 112 112
144 34 Cent Violeta (.25g). 1 9 9 9 +4
64 34 Century Rib Mills._ 2 54 54 54 + *4
624 32 Cerro de Pasco (4). 2 39 38 39 +14
13 54 Certaln-teed _ 8 7 64 7 +4
474 22 Certaln-teed pf_ 20s 324 324 324 +14
294 34 Chesapeake Corp... 10 44 44 44 + 4
474 27 Ches& Ohio 2.50a). 10 414 404 414
44 14 Chi Grt West pf(r). 5 14 14 14-4
14 94 Chi Mail Order (1). 1 114 114 114
14 4 Chi M StP&P pf (r) 10 4 4 4
14 4 Chi & Northwn (r). 3 ft ft ft + ft
34 4 Chi & Northxvn pf(r 11 4 1
204 10 ChiPneuTool ... 1 144 144 144 -4
14 4 Chi Rl&P 77, pf(r). 14 4 4
154 10 Chickasha C 0.25g. 1 114 114 114+4
134 44 Childs Co ... 3 54 54 54 + 4
944 634 Chrysler Corp (5g). 30 904 894 904 +4
144 9 City Ice&F (1.20). 3 124 124 124
974 79 City 1 & F pf(6 50). 130s 97 96 97 +4
44 24 City Stores 2 34 34 34 + 4
39 204 Clev Graphite 2.50g 8 36 354 36 + 4
604 344 Climax Molib 1.20a. 13 394 39 394 - 4
88 214 Cluett Peab 2.75g... 4 374 364 374 +2
133 105 Coca-Cola <5g) -. 1 118 118 118 + 4
18 114 Colgate-Pal-P .50a. 36 184 18 184 + 4
107 1014 Colg-Pal-P pf (6).. 1 1054 1054 1054 + 4
37 4 204 Collins & Aik (1)_ 1 334 334 334 +4
84 24 Colo & Southern_ 20s 44 44 44 + 4
94 34 Colo & So 1st pf .. 60s 54 5 54 + 4
254 14 Colum BC(A)l.S0g_ 2 244 24 24
254 14 Colum BC(B)1.50g. 1 24 24 24
9 64 Columbia Gas & El. 48 64 64 64 + 4
91 744 Col G&E pf(A)(6) 2 90 88 90 +24
154 64 Columb Pic vtc 24f 1 7 64 64 +4
304 154 Columb Pic pf 2.41k 2 184 194 194 +1
57 384 Cornel Credit (4)... 8 474 464 474 +4
60 42* Cornel Inv Tr (4)... 4 53 524 53 +1
16 84 Cornel Solvents _ 65 144 14 144 + 4
324 254 Comwlth Ed (1.80). 71 324 324 324 + 4
lu Oftmmlth 4 Smith'n 12 14 14 14 + 4
72% 45% Com with & S pf (3) 4 71% 70% 71% +1%
30% 19 Congoleum (la)- 2 23% 23 23% + %
32% 15% Consol Aircraft .. 7 29% 29% 29% + %
85 73 Consol Cigar pf (7). 20s 80 80 80
91 79% Consol C pr pf 6.50.. 10s 90 89% 90 +1
11 4% Consol Cop M(.30g) 2 8 7% 8
36 27 Consol Edison (2).. 21 31% 30% 31 + Vi
108% 101% Consol Edis pf ,5)„ 1 107% 107% 107%
12% 7% Consol Film pf(lk). 1 9 9 9 + %
7% 3% Consol Laundries— 1 4% 4% 4%
9% 6% Consol Oil (.80) _. 23 7% 7% 7% + %
9 1% Consolidation Coal. 9 4% 4 4% + %
17% 9% Container Corp .25g 6 16% 16% 16% + %
22% 11% Conti Baking (A).. 3 13% 13% 13% + %
2 1 Conti Baking (B)._. 6 1% 1% 1%
51V 32% Conti Can (2g) 6 43 42% 42% + %
40% 29% Conti Insur (1.60a). 5 40% 40 40 - *>
5% 1% Conti Motor ... 15 4 3% 3%
31% 19% Conti Oil (1). 8 24 23% 24 + %
61% 49 Corn Exchange (3). 870s 61 61 61 + V>
67% 64% Corn Products (3).. 6 64% 64% 64% - %
5 3 Coty, Inc (.50g)_ 3 4% 4% 4% + %
2% % Coty Internatl 20g. 2 1 1 1
38 16 Crane Co ( 60g) . 5 24 23% 24 + %
32% 26% Cream of Wheat(2) 2 32 31% 32
13 6% Crosley Corp 2 7% 7% 7% + %
40% 33 Cr'nC&S pfww2.25 30s 38 38 38 + %
37% 28 Cr’n C&S pf xw 2.25 1 37% 37% 37%
17% 9 Crown Zeller(.50g). 8 17% 17 17% + %
94 75 Crown Zeller pf (*) 20s 90 90 90 + %
52% 24% Crucible Steel _ 2 41 40% 41 + Vi
13 3 Cuban Am Sugar ... 7 7% 7% 7% + %
93 48 Cuban A S pf (4k).. 20s 81 81 81 + %
19% 9 Cudahy Packing— 1, 13% 13% 13% + %
28% 26 Cuneo Press_ 1 26% 26% 26% + %
7% 3% Curtis Publishing.. 2 4% 4% 4% + %
63% 38 Curtis P pf 2.3751c.. 3 45 44% 46 +2
13% 4% Curtiss-Wright_ 67 10% 10% 10% + «
4.
Prev. 1039 Stock and Sales— Net
High. Low.. Dividend Rate. Add 00. High Low. close, ehge.
32% 19% Curtlss-Wr(A)(2g) 10 30% 30 30 + %
26 13% Cutler Hamm’r 75e. 1 20% 20% 20% + %
10% 4% Davison Chemical i 7% 7% 7%
112% 103 Dayton P&L pr 4.60 40s 112% 112% 112%
26% 16% Deere & Co (.75g).. 6 23% 23 23%-%
18% 11% Deisel-W-G (la)... 2 16% 16% 16%+%
28 12% Dei & Hudson _ 6 22% 22% 22% + l\
8% 3% Del Lack & Wn ... 4 6% 6% 6% + V,
1% % Den R Gr Wn pf (r) 2 % % % + %
125% 103 Detroit Edison (6b) 1 124 124 124 +1
32% 18 Devoe&Ray A .25g.. 130s 22% 21% 22%+%
34% 28 Dlam'd Match 1.50.. 3 33% 33% 33% - %
20% 13% Distlll-Seagr (2) .. 14 19% 19 19%+%
13% 9% Dixie-Vortex (lg).. 3 12% 12% 12% +1%
34 20% Dome Mines (2) ... 4 23 22% 23
87% 65 Douglas Air (3g)... 15 83% 82% 83% +1%
144% 101% Dow Chemical (3).. 4 143 142 143 -%
19% 6 Dunhlll lnternatl— 2 7% 7% 7% -t- %
188% 126% Du Pont <7g) ... 8 182% 182% 182% + %
124% 112 Du Pont pf (4.50).. 3 122 122 122
31% 12% Eastern Air Lines . 21 30% 29% 30% + %
186% 138% Eastman Kodak (6) 4 166% 166% 166% — %
30% 15% Eaton Mfg (2.50g). 3 30% 29% 30%+%
3% 1 Eitlngton Schllrt . 7 1% Hi 1%
40% 22% Elec Auto Llte<3g). 2 :8% 88 38%+ %
18% 8% Electric Boat(.60g) 84 16% 15% 16% +1%
3% 1% Electric* Music .. 1 1% 1% 1% + %
12% 6% Elec Pwr* Light 6 7% 7% 7% + %
38 18% Elec Pw* Lt *6 pf. 8 28% 27 28% +1%
41% 20% Elec Pw & Lt pf .. 9 32% 31% 32% + %
35 23% Elec Stor Bat (2)... 1 28% 28% 28% + %
3% % Elk Horn Coal .. 1 1% 1% 1%
42% 28 El Paso Nat G (2).. 2 41% 41% 41%
13% 7 Eng Pub Service . 14 11% 11% 11% + %
80% 62% Eng Pub Svc pf (5). 1 79% 79% 79%+ %
89 65% Eng Pub Svc pf 5.50 1 88% 88% 88%+%
95 69 Eng Pub Svc pf (6). 3 91% 93% 94% +2%
13 6 Evans Products_ 3 8% 8% 8% + %
25% 14% Ex-Cell-O (lg) ... 3 23% 23% 23%+%
43% 24 -fairbanks-M 1.50g_ 3 39% 39% 39jjg + %
38% 20 Fajardo Sugar (2) 2 27 27 27 — %
18% 11 Fed Lt* Trac (lg). 7 16% 15% 16%+%
98 81 Fed Lt & Tr pf (6) 40s 100 99 100 42
31%. 28% Fed Min * Sm 1.50g 2 28% 28 28 - %
27% 18% Federat Dep St (lg) 2 24 24 24 4 %
23% 14% Ferro Enamel (la). 1 19 19 19 + %
46% 27% Fidelity Phoe 1.60a. 5 40 39% 39% - %
25% 17% Firestone Tire (1) . 2 21% 20% 21% + %
Cl OOt 1.4: I o CA 1 442 4 42 A 42
31+ 15 Flintkote(lE) . fi 20+ 20+ 20+ + +
38 25 Florence Stove(3g). 3 34+ 341 a 34+ — +
29v* 14 Foster Wheeler 2 19+ 19 191» + +
36 18+ Freeport Sulph (la) l 32+ 32+ 32+ — V*
3Vi IV, Gabriel (A) 1 2+ 2+ 2+
5+ 2 Gair (Robert) _ 3 3'* 3V* 3+ + +
18+ 7+Gair (Robert) pf_ 10 17 16 17 +1 +
15+ 9 Gamewell (50b)_ 10s 14+ 14+ 14+
7+ 3+ Gar Wood lndust .. 1 4+ 4+ 4+ + V*
65 40 GenAmTran 2.375c. 4 57 56+ 66+
11 7+ Gen Baking ( 60) 3 7+ 7+ 7+ + Vi
18 9 Gen Cable .. 2 11+ 11+ 11+ -i +
25+ 16 Gen Clear (l.75c).. I 19 + 18+ 19+ +l
130+ 106 Gen Clear pf (7) 40s H3+ Il3+ Il3+
44 « 31 Gen Electric! I.40b) 34 41 40+ 40+ + +
48 36+ Gen Foods (2a) .. 23 48+ 47+ 48++ V*
l+ + Gen Gas&El (A) . 4 + + ++ +
65+ 39 Gen Gas & K cv pf.. 10s 40 40 40 -5
128+ 125+ Gen Mills pf (5) . I80s 129 128+ 129 + +
56+ 36+ Gen Motors (3.50b) 25 55 54+ 55 + +
92+ 85+Gen Rwy Sic pf (6). 10s 89 89 89 -l +
l+ + Gen Realty & Util . 2 + + +
41 19+Gen Refractor .50b. 3 32', 32+ 32 +
43+ 16 Gen Steel Cast pf . 40s 30 29 30 +l +
20*a 13+ Gen Telephone! I a). 2 20 19+ 20 + +
15+ 8+Gen Thea Eq ( *nK) 8 13+ 12+ 12+ + +
27+ 15+ Gen Tire&Rub .50r. 2 22+ 22+ 22+ 4l
8+ 5+ Gillette Saf R (.60). 2i 6+ 6+ 6 +
13+ 6+ Gimhel Bros _. 2 8'* 8+ 8+ +
24V, 14 Glidden Co (.50b) 16 18+ 17+ 18++1 +
47 34 Glidden cv pf (2.25) l 38+ 38+ 38++1 +
;(v* 2+Gohel (Adolf) .. 3 3+ 2+ 3+ + V*
2+ l+ Gobel Brew ( 20a) . I 2+ 2+ 2+ + +
24+ 13+ Goodrich(B F) ( Ib)■ 6 19+ 19+ 19+ ♦ +
38+ 21+ Goodyear Rub (l>_. 13 24 23+ 24 +l
l+ + Graham-Paige _ 13 + + '*
107* 4+Granby Consol 40g. 9 8+ 7+ 8+ + +
10+ 9+ Grand Union x ctfs. I 9+ 9+ 9 +
15+ 14+ Grand Un war ctfs. I 14+ 14+ 14+ + +
22+ 10 Granite C’y S .I25g. I 16 16 16 + l
35 24+ Grant (W THl.40). 5 33+ 33 33 - +
33V, 16+ Great North’n pf . 9 27+ 26+ 27 + +
22+ 12+ Gr’t No O cfs l.25g. 2 17+ 17+ 17+ - +
37+ 23+ Great Wn Sue (2).. 2 29+ 28+ 29+ + l +
35+ 24+ Green (HR) (2a) .. 2 33', 33 33++ +
21+ 14+ Greyhound (la)_ 94 17+ 16+ 17+ + +
12+ 10 Greyhound pf (.55). 2 ll+ ll+ ll+
6 + Guantanamo SuEar. I 2+ 2+ 2 +
22+ ll Gulf Mob & Nor pf. 2 17+ 17+ 17+ +l +
18+ 8 Hall (W F) Prts -- 13 19+ 18+ 19 + Vt
33+ 17 Harb & Walker(lB) 3 27+ 27 27++ V,
4+ 2 Hayes Body . 3 3'* 3+ 3+ + +
112+ 93 Hazel Atlas Gl (5).. 9 111+ lll+ ll IV, - ».
I3+ 8+ Hecker Prod (.60a). 9 10 10 10 + +
18+ 10 Hercules Mot .50g.. I 15 15 15 - V»
I0l+ 63 Hercules P (2 *5b). I 89+ 89+ 89+ + +
19 14+ Hinde & Pauch (1). 1 18 18 18 +1
51 29+ Holland Furn (2)._ 3 33+ 33+ 33+
66+ 47** Homestake (4.50).. 1 59 59 59 + +
17+ 8+ Houd-Her (B) 75b- 2 13+ 13+ 13+
73+ 60v* Household Fin (4a) 1 68‘, 68+ 68+ — +
9+ 4+ Houston Oil .. 4 6+ 6 6+ + +
57 40 Howe Sound (3a)— » ss»* - %
35'* 21% Hudson Bay 1.75g_. 5 26 26 26 + %
8% 4% Hudson Motor 6 5% 5% 5% + %
2% % Hu pp Motor- 1111
20% 9 Illinois Central ... 3 12% 12% 12%+ V*
49 38% Illinois C L L (4).. 250s 40% 40 40%
9% 4% Indian Refining 2 6 5% 6 + %
29% 16% Indust Rayon .75g . 3 28a, 28% ?8at 4- u
157 147% Ingersoll-Rd pf (6) 60s 150% 150% 150% + a*
21 9% Inspiration Copper. 5 13% 13s, 13% + %
9% 2% Interboro R T (r) — 5 3% 3% 3% + %
46% 17% Interchem ( 40g) 1 43 43 43 -1
5% 2% Intercontl Rub .20g 2 4‘, 4% 4% — %
16% 7% Interlake Iron .. 15 12% 11% 12% + Vi
2% 1% Inti Agricultural .. 4 1% 1% 1% — %
41 16 Inti Agricul pr pf . 1 37 37 37 +1
195'* 145 Inti Bus Mach (6a). 2 185% 185% 185% — %
71% 45% Inti Harvester 1.60. 2 61% 60% 61% + Vi
8% 3*4 Inti Hydro-El (A).. 1 4% 4% 4% + %
17% 2% Inti Mercantile Ma. 160 10% 9V* 9*» +1%
10 5% Inti Mining (,45g) _. 1 6% 6% 6% + %
554* 3S lntl Nickel Can (2). 28 37% 36*t 37a. +1%
14% 6ai Inti Paper & Power. 50 14% 14 14% + %
67% 25% lntl Paper & Pw pf. 20 57'* 56'* 57 + %
6% 3% lntl Ry Cent Am . 1 4% 4% 4%
60% 39% lntl R C A pf 5.75k. 60s 51% 51 51% + %
40% 31% lntl Shoe (1.50a)- 1 35 35 35 + <4
9% 3% lntl Tel & Teleg . 15 4% 4% 4% + k
9% 4 lntl T & T for’n cfs. 2 4% 4% 4%
14% 7% Interstate Hept Str. 1 10% 10% 10% + %
87 76 Interstate DS pf(7) 10s 83 83 83 +2%
18 13 Jarvis (WB) 1.50g. 5 16% 16% 16% - k
105 59 Johns-Manv 2.75g . 2 75 74 75 42%
133 122 Johns Manv pf (7) 30s 128 128 128 -1
83 35 Jones & Laughlin pf 1 66 66 66 41
19% 13 Kalamazoo Stov .50 4 14% 14% 14%
11% 5% Kansas City Sou .. 8 7% 7% 7% + %
144* 7% Kelsey-Hayes (A).. 3 11% 11% 11% — k
10% 5 Kelsgy Hayes (B).. 3 7% 7% 7%
99 79 Kendall pf (6) - 10s 90 90 90
46% 28 Kennecott Cop(2g) 19 37% 37% 37% + %
38 20 Kimberly-Clark! la) 1 38a* 38% 38a* + a*
30% 12% Kinney J5 pf (3g) . 20s 26 26 26 + »*
26% 20 Kresge (SSH1.20). 2 25 24a* 24% 4 V*
29a. 23% Kress (S HHl 60) . 5 29% 29 29%+ %
29% 20V* Kroger Groc(l.60a) 13 29% 28a* 28a*
13% 7 Laclede Gas - 70s 8% 8% 8% 4 %
23% 12% Laclede Gas pf- 180s 15% 141* 15% +1%
18% 14 Lambert (1.50)_ 2 16 16 16 + %
5*4 3k Lane Bryant - 1 5 5 5
37% 25 Lee Rub &T (2.50a) 2 34% 34% 34%+ %
3% VI Leh Valley Coal . 3 1% 1% 1% + k
8** 1% Leh Valley Coal pf- 2 4 3a* 4 4 %
6% 2% Leh Valley RR (r). 3 3% 3% 3% + k
27a* 20 Lehman Corp (.SO). 7 23% 22a* 23% + %
56a* 36% Llbbey-Ow-F 2.75g. 7 63 52% 82a, 4. %
10 4% Llbbv McN & Lib 2 6% 6a* 6a* + k
43% 33 Life Savers (1.60a) 2 41% 41% 41%
108% 95 Ligg & Myers (4a). 1 106% 106% 106% + %
109a* 95V* Ligg & Myers(B)4a 5 107% 106a* 107% + V*
40% 20a* Blma Locomotive . 6 28% 28 28% + %
47 31% Link Belt (la) _ 1 40 40 40 +1%
20% 10 Lion Oil Ref (1) ... 3 12% lia, 12%+ k
19 13% Liquid Carbon (lg) 5 16 15% 16 4 %
36*1 18% Lockheed Aire (lg) 29 32% 31% 32 + k
64% 30% Loew’s Inc (2a) 12 37 35% 36% 41%
109% 101% Loew’s Inc pf (6.50) 1 106a, I06a* 106a, +1%
21», 6 Loft Inc ... 22 18a* 18% 184* + %
62 38% Lone Star Cmt(3a). 3 46% 46% 46% + %
6% 2 Long Bell (A) - 4 3a, 3% 3a* + %
2Z% 1614 Loose-wues ill- i iiwi i ‘v* t »
24% 19% Lorillard (1.40g)... 7 24% 24 24%
159% 138 Lorillard pf (7) ... 10s 156% 166% 156% +1
20% lb% Louis G&E< All.50. 1 20% 20% 20% + %
67 36% Louis & Nash <5g). 1 58% 68% 58% +1%
35 28 MacAnd & ForbCa) 1 34% 34% 34%-%
33% 18 Mack Trucks ,50g . 6 28% 27% 28% +1
43% 25% Macy (R H) Co (2). 8 29% 29 29%+%
19% 11% Madis Sq Gar 1.35g. 1 12 12 12
40 25% Magma Cop(2.75g). 1 34% 34% 34% + %
6% 1 Manati Sugar .. 5 3% 3% 3%
15% 5 Man Ry mod gtd (r) 2 14% 14% 14% + %
16 10 Manhat Shirt (la).. 1 15% 15% 15%
5% 4% Marine Midl’d 32g 6 5 4% 5
8% 3% Market St Ry pr pf. 20s 4% 4% 4% + %
17% 9% Marshall Field ,30g 7 15 14% 15 + %
45% 26% Martin (Glenn) lg 19 41% 40% 41% + %
8 2 Martin Parry __ 63 9% 8% 9% +1%
37% 20% Math Alkill (1.50).. 3 30% 30% 30%+%
*6% 3% Maytag Co 1 3% 3% 3% - %
15% 10% McCall Corp (1.40). 6 15 14% 15
17% 9*« McCrory Strs (la) 6 15% 15% 15%
59% 39 McIntyre Pore < 2a) 1 46% 46% 46%+ %
18% 8% McKeesport Tin 3 11% 11 11%+ %
10% 6% McLellan Strs .60g. 1 9% 9% 9% + %
101% 88 McLellan pf (6)_ 10s 99 99 99 -1
14% 6 Mead Corp 2 11% 11% 11%
30% 28% Melville Shoe(new) 12 30% 30% 30%-%
6% 3 Mengel Co _ 1 5% 5% 5% + %
28% 14 Mengel Co 5% pf_ 40s 21% 21% 21%+%
39% 25 Mesta Mach (l.SOg) 1 29% 29% 29%
16% 6% Miami Copper ... 3 10% 10% 10%+ %
18 11% Mid Cont Pet (.60g) 10 16% 15% 16% + %
40 18% Midland Stl P (5g). 1 36% 36% 36%
120% 101 Mid Stl 1st pf (8).. 40s 116% 116% 116% + %
85% 44% Minn-Hon Ros (2).. 1 50% 50% 50% + %
6% 2% Minn-Moline Imp... 2 4% 4% 4% + %
54 36 Minneap-Moline pf. 2 40% 39% 40%
14% 8% Mission Corp (.«5g) 8 9% 9% 9% + %
k a
Prev. 1030 Stock and Sales— Net.
High. Low. Dividend Rate. Add 00. High. Low. Close, chge.
2% 1 Mo-Kan & Texas... 21 1% 1 1%+ V»
9% 2% Mo-Kan & Texas pf 4 4% 4% 4% + V*
1% H Mo Pacific (D_ 1 % % % + %
2% 44 Mo Pacific pf (r) 1 4* 4. 4*
21 1044 Mohawk Carpet .75g 1 1844 18% 1844 + 44
1144* 864* Monsanto Ch (3r> 2 10944 109% 109% + %
674* 40% Montg Ward (la) 16 65% 55% 55% + %
37% 22% Morris* Es (3.875) 60s 29% 28% 29 +1
19 9% Motor Products 3 11% 114* 1144-4*
17% 10 Motor Wheel (1.60) 1 16 16 16+44
30 16% Mueller Brass 80g. 4 26 25% 26 +%
7% 34* Mullins Mfg (B)._. 2 4% 4% 4% + %
44% 30 Mullins Mfg pf 100s 35% 35 35 - %
111% 105 Murphy <GC)pf(5) 10s 109% 109% 109% + %
9% 4 Murray Corp _ 4 6 5% 6 + %
9V* 5% Nash-Kelvinator .. 19 6% 6% 64i + %
15 7% Natl Aviatton(.75g) 5 14 13% 14 +44
28% 21% Natl Biscuit (1.60). 18 23% 22% 23 + %
26% 14% Natl Cash Reg (1).. 6 15% 15% 16%+%
16 8% Natl Cyl Gas (,50g) 1 12% 12% 12% - %
18% 12% Natl Dairy (.80) 14 16% 16% 16% + %
6% 4% Natl Dept Stores pf 2 6 6 6
28% 20% Natl Distillers (2) 11 24% 24% 24%+%
16% 8% Natl Gypsum(.25g). 2 11% 11% 11% + %
27% 17% Natl Lead (,50a) 8 20% 194* 20%+%
145 132 Natl Lead pf(B)(6) 60s 144 144 144 +%
10 64* Natl Pwr & Lt .60 . 1 8% 8% 844 + %
82 52 Natl Steel <1.70g)._ 3 72% 72 72% +1%
I RlA RlU. K'r.t I C..rvv.l.. O Q Ql. — L*
20 10 Natl Supply 12 pf . 1 124 124 124 + 4
694 334 Natl Sup BV4 6875k. 1 39 39 39 + 4
64 24 Natl Tea Co . .. 1 34 34 34 + 4
174 84 Newport lndi*_ 2 1*24 124 124 + V«
234 114 NY Central 23 184 184 184+4
254 104 N Y Chi & St Louis. 2 20 20 20 +4
454 184 N Y Chi & St L pf... 2 384 384 384 +4
14 4 N Y N H & H (rj . 1 4 4 4
• 54 14 N Y N H & H pf (r). 3 14 14 14
17 84 N Y Shipbuilding 4 134 1 14 134 + 4
217 168 Norfolk & \Vn< 10a). 1 217 217 217 +24
294 124 Nor Am Avia 1.40g. 37 264 26 264 + 4
264 184 Nor Am Co (1.20a) 29 23 224 23 + 4
594 524 North Am 67. pf (3) 1 58 58 58 + 4
144 7 Northern Pacific . 12 9 84 84
40 29 Northwest Tel (3).. 30s 314 344 344 + 4
64 24 Norwa Ik Tire _ 15 5 5
104 6 Ohio Oil . 13 74 64 74 + 4
30 144 Oliver Farm Equip. 1 204 204 204 + 4
204 12 Omnibus Corp 1.20a 1 134 134 134
1134 1004 Omnibus pf (8) . 10s 1034 1034 1034 + 4
.74 154 Otis Elevator HOg . 3 174 174 174 + 4
16 74 Otis Steel 9 114 114 114+ 4
264 164 Outboard Mot 2. log 1 27 27 27 + 4!
70 50 Owens-Ill Glass 12) 2 624 624 624 +14
74 3 Rac Am Fisheries . 4 54 54 5V* + 4
154 34 Pac Coast 2d pf . 10s 12 12 12
344 274 Pac Gas & Elec (2). 3 : 34 334 334- 4
504 41 Pac Lighting (3)... 3 494 484 484 H 4
214 94 Pac Mills 4 154 144 154 + 4
114 7 Pac Western O 40g 1 74 74 74 + 4
44 3 Packard Motor 86 34 34 34 +• 4
194 94 Pan-Am Airways 40 204 194 204 +1
2 4 Panhandle __ 4 1 1 1
144 64 Paramount (.15g) . 22 74 74 74 + 4
1074 72 Paramount 1st (6). 2 85 85 85 — 4
4 14 Park Utah Mines _. 4 24 24 24
47 36 Parke Davis 160a.. 3 444 44 444
21 114 Parker Pust (la)_ 3 20 194 20 + 4
24 14 Parmelee Trans_ 2 14 14 14 + 4
134 5% Paths Film _ 3 104 104 104 + 4
11% 54 Patino Mines ._ 16 7 64 6-4 + 4
944 74 Penney (JC) (3a).. 3 95 944 944
44 4 Penn Coal & Coke . 1 24 24 24 + 4
54 24 Tenn Dixie Com 1 34 34 :'4 + 4
•-74 15 Penn Railroad tig) 24 234 234 234 + 4
45 304 Peoples G & C 2.Lug 1 37 37 37 + 4
40 134 Pere Marquette pf 70s 274 27 27 — 4
45 21 Pere Marq pr pf . 140s 334 33 334 + 4
474 284 Phelps Dodge 1.50g 9 404 40 40 — 4
1034 74 Philip Morris (3a) . 2 914 904 90% - 4;
464 314 Phillips Petrol <2). 5 414 414 414 — 4
94 6 Pierce Oil pf . 3 8 8 8 +4
314 23 Pilisbury FI (1.60). 1 264 264 264
12 24 Pitts Coal 6 54 54 54 + 4
324 12 Pitts Coal pf .. 2 2"> 244 25 +14
144 4 Pitts Coke & Iron . 1 84 84 84 + 4
95 50 ritts C & lr pf (5).. 10s 704 704 704 + 4
114 44 PitisScrew 8 84 84 84 + 4
204 6 Pitts & W Va 90s 154 15 15 - 4*
24 174 Plymouth Oil 1.40a. 3 21 204 21 + 4
164 74 Poor & Co (B) 1 124 124 124 + 4
24 4 Port R Am To A (r) 1 14 14 14 + 4
164 6 Tressed Steel Car 4 144 144 144 - 4
66 504 Proctor* Gam (2a) 3 67 654 67 +1
1194 112 Proctor & G pf (5) 60s 1184 1184 1184
414 314 Pub Svc (NJ) 2.50g 11 404 404 404 +4
166 147 Pub SvctNJ )pf (8) _ 10s 1614 1614 1614 - 4
414 224 Pullman (1) 7 32 314 32 +14
114 64 Pure Oil 4.25k) ... 9 84 84 84 + 4
184 104 Purity Bak (l.GOg). 2 15 144 15 + Vj
84 5 Radio Corp (20g)__ 45 54 54 54 + 4
674 634 Radio cv pf (3.50).. 1 604 604 604 + 4
24 14 Radio-Keith-Or (r) 11 14 14 14
IQ PavnnlarPn TO 1Q|_ 1Q7. IQ J. W
224 104 Heading Co (1) 4 164 154 164+ 4
174 94 Reming-Rand (.80) 6 104 104 10'« + 4
24 4 Reo Motor (r) _ 1 14 14 14 + 4
28>, 124 Republic Steel . 24 234 23 234 + 4
954 43 Rep Stl cv pf 7.50k.. 1 90 90 90 +1
894 42 Rep Steel pf A (6)— 2 75 744 75 + 4
204 9-4 Revere Copper .. 8 144 14 144 — 4
404 214 Revere Copper (A). 2 29 29 29 +2
45 35 Reyn Tob B 2.30s . 12 40 394 394 + 4
104 64 Richfield Oil (.50g). 4 8 74 8 + 4
614 274 Safeway Strs 2.50a. 4 474 47 47 + V*
109 824 Safeway S pf (5> . 60s 105 101 105 +1
113 96 Safeway S pf (6).. 10s 1124 1124 1124
1164 1044 Safeway S pf (7) 30*114 114 114 +4
494 274 St Joseph Leed(la) 3 414 414 414 + 4
4 4 St L.-San Fran (r) . 1 4 4 4+4
23 104 Savage Arms 1.25g. 1 204 204 204
174 10 Schenley Distillers 4 124 124 124 + 4
1 4 Schulte Retail Sir) 2 4 4 4
524 444 Scott Paper! 1.60a l l 484 484 484 + 4
1174 105 Scott Paper pf 4.50 30s 114 114 114 + Is,
1 4 Seaboard Air L. (r) 17 4 4 4
34 1 Seaboard A E pf (r) 2 14 14 14
864 604 Sears Roebuck (3a) 16 86 854 86 + 4
184 114 Servel Inc (la) 2 154 154 154 + 4
214 104 Sharon Steel _ 2 14 14 14 + V,
74 34 Sharp & Dohme . 3 54 54 54 + 4
114 64 Shattuckt F G) (.40) 1 64 64 64 + 1*
384 28 Sheaffer Pen 2.75g 20s 374 37 a 374 + 4
174 94 Shell Cn Oil (,50g). 1 124 124 124 + 4
32*4 174 Simmons Co 1.75g4 234 224 234 +14
294 154 Skelly Oil (.75g) 1 204 204 204 + 4
127 70 Sloss-Sheffield(3g). 10s 112 112 112 +1
21 114 Smith (AO) 1 16*4 164 164
174 9 Smith & Coro(.50g). 1 104 104 104 + 4
154 10Vi Socony-Vacm 50g. 44 124 124 124 + 4
3V, 14 So Amer Gold .20g . 2 24 24 24 - 4
184 13 S E Greyh'nd l.oOg 1 154 154 154 + 4
294 234 Southn Cal Ed 1.5Ua 7 294 29'. 294 + 4
214 104 Southern Pacific . 13 15 144 144 + 4
234 114 Southern Railway.. 9 204 20 20 + 4
364 154 Southern Rwy pt 1 344 344 344 — 4
34 14 Sparks Withington. 1 24 24 24 +4
514 36 Sperry Corp (2g)... 16 454 454 454 + 4
344 11 Spicer Mfg (2b)_ 1 34 34 34 + 4
Prev. 1039 Stock and Sales— Net.
High. Low. Dividend Rate. Add 00. High Low. Close, chce.
63 42 Spicer Mfg pf A (3) 20a 62% 52% 52%-%
16% 8% Spiegel. Inc <.30g) 5 10% 10% 10% + %
76% 57% Spiegel, Inc pf 4.50- 50a 60 60 60
34% 18% Square D Co 1.75g ._ 12 33% 33% 33%-%
7% 6% Stand Brands ,476g 130 6% 6 6% + %
10% 4% Stand G&E $4 pf-- 3 6% 6% 6% + %
20% 10 Stand G&E 16 pr pf 2 16% 16% 16% +1
25% 13% Stand G&E 87 pr pf. 8 20% 20 20%+%
33% 24% Stand Oil Cal (la)__ 27 25% 25 25%+%
30 22% Stand Oil Ind (la).. 28 27% 26% 27%+%
63% 38 Stand OilNJ(la) 23 44% 44% 44%+ %
36 20% Starrett (LS) 1.25g 1 33% 33% 33% - %
80 65 Sterling Prod (3.80) 4 80% 80 80%+%
12% 6% Stewart-Warn ,25g. 1 8% 8% 8% + %
7% 3% Stokely Brothers 4 5% 5 5% + %
17% 8% Stone&Webster.25g 15 12% 11% 12 + %
10 6% Studebaker .. 15 9% 9% 9%
11% 7% Sunshine Min 1.60.. 3 9% 9% 9% + %
38% ly% Superheater (.50a). 1 27% 27% 27% - %
3% 1% Superior Oil . -. 2 2% 2% 2% + %
30% 22% Sutherl d Pap 1.20.. 1 29% 29% 29% + %
25% 17 Swift&Co 1.20).... 3 22% 22 22%+%
37% 24% Swift Inti (2) 6 32 31% 31%-%
12% 4% Syming-Gould ww. 1 8% 8% 8% — %
7% 4% Talcott (J) (,50g) . 1 5% 5% 6% + %
43% 33% Talcott (J) pf 2.75.. 20s 34% 34% 34%+%
9% 4 Tennessee Corp_ 1 6% 6% 6% + %
50% 32% Texas Corp (2) _ 11 45% 44% 45%+%
38% 26 Tex Gulf Sul (2).— 7 33 32% 33 + %
11% 7 Tex Pac C&O (.40).. 3 8% 8% 8% + %
9 5% Tex Pac Ld Tr.lOg.. 1 6% 6% 6% - %
22% 8% Texas & Pac Rwy... 2 12% 12% 12%+%
6 2% Thermoid _... 1 4% 4% 4% — %
3% 1% Third Avenue_ 3 3% .7% 3% + %
4% 2% Thompson (JR). 1 4 4 4 - %
3% 1% Thompson-Starrett 1 2% 2% 2% + %
14% 9% Tide Wat A 0.80g 31 11 10% 11 +%
25 10% Timken-Det Ax(2g) 2 23% 23% 23%+ %
54% 34V* Timken ft B 2.50g _ 2 50% 50% 50% + %
8% 5 Transameriea (.50) 4 6% 6 6% + V«
12% 6% Transcontl & W Air 32 18% 12% 13% + %
+ >» z i ri-uonuneniai .. is zv-j z'h 24 + 4
7*4. 3 Truax-Traer Coal 1 4% 4% 4%
26% 11% 20th Century Fox 3 12V* 12 12
34% 19% 20th Cen-F* pf 1.50_. 1 244 244 244 +%
124 74 Twin Coach (.50g). 2 104 104 104 + %
4% % Ulen & Co -.11 1 1+4
66 344 Underw-Ell-F (2)._ 1 39% 39% 39% +1
134 6 Union Bag & Paper- 73 134 124 134 + 4
94% 654 Union Carb (1.90k). 15 88 87 87 + %
118 108% Union EKMo)pf(o) 120s 114 113% 113%+ 4
19% 154 Un Oil (Cal) l.Oog.. 3 16V, I64 164+4
105 814 Union Pacific (6) 1 95 95 95 + 4
24% 204 Un Tank Car 1.20a.. 4 234 23% 234 +%
51 31 Unit Aircraft (2g)_ 35 474 47 474 + %
164 74 Unit Air Lines _ 56 16% 164 164 + 4
18% 14% Unit Biscuit (1) ... 1 15% 15% 15%+ %
694 52 United Carbon (3). 1 60 60 60 — %
3% 2 UnitCorp 24 24 2% 24 + 4
394 304 United Corp pf (3) . 4 39% 39% 39% + %
74 44 Unit Drug . 6 54 5 54 s %
74 64% Unit Dyew'd pf (7). 60s 59 59 59
84 34 Unit Electric Coal . z 5V* 5 5% + V*
95 624 United Fruit (4) .. 7 859 854 85% + 4
15 11 Unit Gas imp (1)... 14 14% 14% 14% + 4
14 6% Unit Mer & Mfg ... 4 114 114 114+ 4
7% 3% Unit Paperboard 1 54 54 5% + %
11 5% U S & For'n Secur.. 1 6% 6% 6% - 4
74 4 US Hoffman .. 1 44 44 44 + %
29% 134 U S Indus Alcohol - 1 24 24 24 + %
154 5% L'S Leather (A) . 2 11 104 104 — %
49 *32% U S Pipe* Fdy(2a) 6 36% 36 36%+ 4
38 284 U S Play Card (2a). 1 34 34 34
64 14 U S Realty & imlr) 1 14 1% 14
52% 31% U S Rubber 23 414 40% 414+1
114% 86*4 U S Rub 1st pf(12g) 1 112% 1124 1124 - %
68 , 48 U S Sm & Ref (4a). 5 6Mj 61 61
82 9 41% U S Steel . 50 67% 664 66% + %
1204 964 U S Steel pf (7) . 7 117'. [16% 117
37', 30 U S Tobacco 1.76g 2 354 35 354 + 4
46% 39 U S Tobacco pf 1.75 40s 434 434 434 — 4
4 19 Unit Stockyards 1 2% 24 24 +4
85 604 Univ Leaf Tob(4a). 1 68 69 68 +1
78 454 Univ Pictu 1st pf 10s 69 69 69
40 16 Vanadium ilg)" 3 34 334 34 + 4
44 34% Vick Chemical (2a) 1 44% 44% 44% + %
299 18% Victor Chem 1.40g 1 3o ::0 30 + V,
33% 17 Va-Caro Chem pf 2 30 29 30 +1
5% % Va Iron Coal&Coke 90s 2 1% 1% — 4
15 44 Va Iron Coal & C pf 30s 6% 6% 6% — 4
101 644 Vulcan Detin 6.50g 20s 93 93 93
3 % Wabash (r) 1 1% 1% 1% + 4
34 14 Wabash pf (A) (r). 2 1% 1% 14+ 4
984 85 Walgreen pf (4.50). 2 954 95', 954
50% 30% Walker (H)(4)_ 4 344 33% 344 +14
9V* 4 Walworth Co . 3 6 5% 6 + 4
44 21 Ward Bak pf 1.50k. 2 22% 21% 21% - 4
6% 34 Warner Bros Piet 11 3% 3% 34+ %
58 36 Warner Bros Pic pf 20s 47 47 47 — »4
3% 1% Warren Bros (r) .. 1 1% 1% 1% — 4
35% 194 Warren F&P (2a). 1 31 31 31
24% 14% Waukesha Mot (1). 1 194 194 194 + **
32% 20 Wayne Pump (2)... 2 224 224 224 + %
3% 14 Webster Eisenlohr. if 34 34 34
284 16 Wesson Oil & Snow 5 26V* 26 264 +1
79 55% Wesson O&S pf (4). 1 734 734 734 +24
107% 85 West PennE(A)(7) 40s 106 105% 106 + %
106 88 West Penn E pf (6) 20s 105 105 105 -r 4
1124 95 West Penn E pf(7). 10s 112% 112V* 112% - 4
1 1 £ IftRls \\7 r> v, O *-N + * CA 1 11C -lie , 1 *
19 k 154 W Va Pulp & P .20-. 1 194 194 194 + V*
364 204 West'n AutoS (2a). 6 364 364 364
114 34 West'n Jld 2d pf __ 1 74 74 74 +4
37 164 West’n Union Tel _ 61 284 264 284 +14
374 184 Westh'se A B ,625g 2 274 274 274
121 824 Westhse Elec 3.50g 6 117 1164 117 + 4
284 104 Weston El Inst lg. 6 29 284 29 + 4
39V* 154 Westvacoila) 2 37 37 37 + 4
97 74 Wheel & EE pf 5.50 10s 95 95 95
384 154 Wheeling Steel ... 8 324 314 324 +14
154 7 White Motor 1 124 124 124
44 14 White Sewing Mch 2 44 44 44 + 4
20 14 White Sew prpf.50g 2 204 204 204
44 24 Wilcox Oil & Gas 1 34 34 34 + 4
34 1 Willys-Overland 2 14 14 14 + 4
64 24 Willys-Overl'd pf1 34 34 34
74 24 Wilson & Co 4 54 54 54 + 4
114 1054 Wise EP&E pf (6) 10s 116 116 116 +24
o04 36 Woolworth (2.40) 43 39 384 39 + 4
234 104 Worthington Pump 5 18*. 18 184 + S
1244 85 Wright Aero (2g) 50s 1144 114 1144 + 4
334 184 Yale & Townet.60a) 4 244 244 244 + 4
214 114 Yellow Truck 8 184 184.184 + 4
214 94 Young Spg & Wire 2 114 114 114+ 4
564 30 Ygstwn Sheet & T 10 47 464 47 +14
34 17 Ygstwn Stl Dr (lg) 3 284 274 284 +14
34 2 Zonite Products . _ 1 24 24 24 +4
Approximate Sales ot Stocks on the N. Y. Stock Exchange
11:00 A.M .. 130.000 12:00 Noon_ 240.000
1:00 P.M_ 360.000 2:00 P.M_ 440.000
s Unit o: trading 10 shares.
r In Bankruptcy or receivership or being reorganised undag
Bankruptcy Act. or securities assumed bv such companies.
Rates ot dividend in the foregoing table are annual disburse
ments bastd on the last quarterly or semi-annual declaration
Unless otherwise noted, special or extra dividends are not In
cluded
xd Ex dividend xr Ex rights a Also extra or extras e Paid
las’ year, f Payable in stock g Declared or paid so far thia
year h Cash or stock, k Accumulated dividends paid or de
clared this year
New Coin Demand
Indicates Recovery
By th« Associated Press.
PHILADELPHIA, Jan. 2. —The
Philadelphia Mint has produced a
record number of coins in the past
three months, and that, said Supt.
Edwin H. Dressel, means business
conditions are improving.
"The demands of banks for new
coins is one of the best barometers
of business," Dressel said.
Dressel said the mint has been
operated 24 hours a day. seven days
a week for several months.
Production records since Septem
ber show: September. 88.983.000
coins valued at $3,709,690: October,
104.428,519 valued at $4,161,397: No
vember, 105,109,000 valued at $3,959,
750; December (up to today), 84,
939,387 valued at $5,004,231.
Factory Construction
Expected to Jump
CLEVELAND. Jan. 2.—A 20 per]
cent rise in volume of industrial
construction was predicted for 1940
today by Georga A. Bryant, jr„ ex
ecutive of the Austin Co., engineers
and builders, on the basis of “con
ditions today.”
Bryant declared the cost of many
manufactured articles “could be cut
materially and in some cases enough
to permit a one-third reduction in
the selling price and still leave the
manufacturer a good profit" if
available new machinery and ad
vanced production methods were
applied generally in modern plants.
To Film 'White Orchid'
Miss Li Hsiang-lan, leading ac
tress of a Manchukuo motion pic
ture company, has arrived in Tokio,
Japan, to take part in the filming
of “The Song of the White Or
chid.”
New York Bar Silver
NEW YORK. Jan. 2 (£>).—Bar sil
ver, 34%, unchanged.
l
Order for Utilities
Power Plan Will
Be Appealed
Final Court Action
Opposed by Common
Stockholders
By the Associated ss.
CHICAGO, Jan. 2.—The Atlas
Corp.’s plan for reorganization of
the $44,000,000 Utilities Power and
Light Corp., which has been in liti
gation since 1936. was given its final
stamp of approval today by Federal
Judge William H. Holly.
Willard King, counsel for a group
of common stockholders for whom
no provision was made under the
plan, announced immediately he
would appeal the order to the Cir
cuit Court of Appeals.
■Tiide-e Hnllv’s order terminated
the existence of the giant holding
company, whose assets are to be
transferred to the Ogden Corp., its
successor.
The plan of the Atlas Corp., which
was the chief creditor of I. P. L.(
included the following provisions:
All claims prior in rank to de
bentures are to be paid in full.
Debenture holders would receive
$400 for each $1,000 of indebtedness,
plus six shares of preferred, $50 par
value stock in the new company, 50
shares of common, $4 par value
stock, and one share of common for
each $6 of interest on old debentures.
Holders of the 7 per cent accumu
lative preferred stock would receive
common stock on a five-for-one
basis.
No provision was made for holders
of class A, B or common stock, they
having been found to have no equity
in the assets of the corporation. It
was this group which announced it
would appeal.
Judge Holly said he would let the
Securities and Exchange Commis
sion fix the fees in the lengthy case,
which involved many attorneys.
Armour & Co. Moves
To Merge Subsidiary
6j the Associated Press.
CHICAGO, Jan. 1.—Directors of
Armour & Co. of Illinois have ap
proved an agreement to turn over
their 202 branch houses to its sub
sidiary, Armour & Co. of Delaware,
as a step toward the eventual mer
ger of the two companies.
The Illinois company owns all
the common stock of the Delaware
subsidiary and guarantees the divi
dends on the $57,782,000 of pre
ferred stock of the Eastern com
pany, which is publicly owned.
Consolidation of the two com
panies, which would bring a total
of 300 branch offices in the United
States and foreign countries under
one direction, has been under con
sideration for several years.
The step was taken to eliminate
the dual sales organization.
Lehman Brae Arlrlc
Two New Partners
Special Dispatch to The Star.
NEW YORK, Jan. 2.—Lehman
Brothers are announcing today the
admission of William S. Glazier and
John Randolph Fell as general part
ners in their firm, as of the first of
the year.
Mr. Glazier, who has been with
the firm since 1929, has had a large
part in building up its investment
advisory service. He was graduated
from Yale with the class of 1928,
having prepared for college at Ex
eter.
Mr. Fell, who has been associated
with the firm since 1937, is a great
grandson of Anthony Drexel of
Philadelphia and a step-son of the
late Ogden Mills; he was formerly
associated with Mergenthaler Lino
type Co., of which he is a director.
He attended St. Paul’s School at
Concord, N. H„ is a member of the
Racquet & Tennis Club and the
Meadowbrook Club and is a well
known polo player.
i
Stock Leaders Gain
Fractions to $1 in
Slow Session
Traders Take Usual
Predictions With
Grain of Salt
Stock Averages
30 15 15 AO
Indust. Rails. Util. Stks.
Net change +.3 +.1 +2 +2
Today, noon 73.3 19.9 39.9 51.4
Prev. day.. 73.0 19.8 39.7 51.2
Month ago. 71.3 20.3 39.3 50.4
Year ago... 76.5 232 36.3 52.9
1939-40 high 77.0 23.8 40.6 53.9
1939-40 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
(Compiled by the Associated Press )
n.. i’i/'tad rt'Dtvir
Associated Press Financial Writer.
NEW YORK. Jan. .2.—The stock
I market nodded cordially to 1940
today and then proceeded to work
I up a slow-going advance.
The list showed forward leanings
at the start of another 12-month
i stretch, but the ticker tape never
, really got warm. While gains
ranging from fractions to a point
or so were well distributed at the
j close, transfers held to around 600,
000 shares for the five hours.
Traders apparently took with a
grain or two of salt the usual batch
of New Year predictions which,
hopeful for the most part, still were
tinged with caution. With Congress
getting under way tomorrow, many
potential stock buyers held aloof
to await clues regarding taxes and
forthcoming election-year political
trends.
Strength in major commodities
was a buoying influence, brokers be
lieved. Wheat and cotton futures
were brisk movers. Relaxation of
tax selling and the appearance of
investment purchasing here and
there seemed helpful influences.
Pciflc ti'Pro nnnnlar in ttap hnnrl Hp«
I partment. Foreign securities mar
kets turned a bit mixed.
Chicago Grain
Bj the Associated Pr'
CHICAGO, Jan. 2 —Wheat prices
shot up 3 cents a bushel today in the
first market session of 1940.
Expectations of improved flour de
mand. a pessimistic railroad crop
! survey in the winter wheat belt
and some mill buying were factors
I in the trade. The price rise caused
execution of numerous stop loss or
ders on the part of previous “short"
sellers, which accelerated the ad
vance.
Wheat closed at the best levels
of the day, 2-!1-3,i cents higher
than Saturday. May 1.067g-l.07,
Julv l.tHU-'H; com, 5g-7g up. May
sg1-.-*,, July 5978-74: oats '4-14
higher.
WHEAT— open. Hieh Low. Close
Mav 1.04 1 OT 1 04 1 OH7,-07
Julv _1.01s, 104s, 1.01s, 1.041 *-s,
Sep 1.007, 1.03s, l.OO7, 1.03s,
CORN—
j May _ . _ .58s, .59*4 .58s, .59'4-H
July .59*, 597» .591, .5n7,-84
Sep .59s, .HO3, .59s, .60s,
OATS—
May .35'a .40 39'a 40
July . . _ .351, .3512 .35', .3584
Seo 33s, 33s, .33', .338,
SOY BEANS—
May _ 1.21 1,21s. 1.2084 1.21
July ..1.18 1 IS': 1.178a 1.1884
RYE—
May _.77 .77 .7584 .78ss-84
Julv .74s, 75s, .741, .75',
Sep . .74 .75’, .73s, .74s,
LARD—
Jan. 6.07 6.20 6.07 6.15
Mar, . . 6.67 6.77 6.67 6.77
May _ . 6.82 6.92 6.80 6.90
July . .. . 6.97 7.07 6,97 7.05
BELLIES— ' T
Jan. __ 6.50
Chicago Cash Market.
Cash wheat- No 3 red. 1.10: No. 1
yellow, hard 1.0034; No. 3 mixed. 1.08;
No. 2. part hard (tough». 1.00 4 Corn:
No. 3 mixed. 58*4-82; No. 1 yellow. 58*4
503 4: No 2. 58-50; No. 3. 5712-5814:
No. 1 white 85*4-*2. No 2. 85*2: sample
grade 57 * 2-58* 2. Oats: No. 2 white
• thin*. 4<»34: No. 3 (thin>. 4034: sample
grade, ^hite. 40*2-41: sample grade,
mixed. 38. Rye Sample grade. 80’2.
Soy beans: No. 2 yellow. 1.20*2: No. 3,
1.1034 Barley: Malting. 54-85 nominal;
feed 40-4^ nominal; No. 3 barley. 80-84:
No. 3 malting 85. Timothy seed: 4.15
4(> nominal. Red clover 12.50-15.00 nom
inal. R^d top 8 50-0.00 nominal. Al
sike: 14.00-17.00 nominal. Alfalfa; 17.50
22.50 nominal.
By the Associated Press.
NEW YORK. Jan. 2.—Cotton
pushed up another $1 a bale today
on Bombay. Liverpool and domestic
trade buying.
Strength in foreign markets stim
ulated demand. Most of the selling
came from a large spot house on
limits and was believed by the trade
to be hedges against loan equities.
Midafternoon prices held 8 to 22
points higher. March, 11.15; May,
10.83; October, 9.96.
Cottonseed Oil.
Bleachable cottonseed oil futures grad
ually moved to net gains of 10 to 14 points
in light early trading today Firmness In
outside markets, notably lard and grains,
encouraged renewed Wall Street buying
covering A little profit taking and realiz
ing developed on ihe scale-up. March at
noon sold at 7.23. May 7 33. July 7.41.
Crude oil was Quoted 8 cents, nominal. In
the Southeast. Valley and Texas.
New Orleans Prices.
NEW ORLEANS. Jan. *2 </P*.—Strong
loreign markets and trade buying advanced
cotton futures here today and at noon
prices were 17 to 20 points net higher.
High. Low Last.
March . .. . 11.30 11.18 11.29
May __ . 10.95 10.85 10.95
July _ 10.58 10 48 10.56
October _ _ 9.99 9.90 9 98
Cottonseed oil opened steady. January.
6.50b; March. 6.67b; May. 6.80; July,
6.89. b Bid.
Safeway Store Sales
Rise 4.41 Per Cent
Special Dispatch to The Star.
SAN FRANCISCO. Jan. 2.—Safe
way Stores, Inc., reports sales of
$31,456,074.69 for the four weeks
ended December 23, 1939, an in
crease of 4.41 per cent as compared
with $30,128,345.38 for the similar
period of 1938
For the 52 weeks ended December
23, 1939, sales totaled $385,428,138.76,
a gain of 4.73 per cent over sales of
$368,007,824.30 reported for the like
period of 1938.
Stores in operation totaled 2,873
this year against 3,153 a year ago.
Dark-Fired Tobacco
Markets Reopened
By the Associated Press.
LYNCHBURG, Va„ Jan. 2.—Dark
fired tobacco sales were resumed at
Lynchburg and other markets in
the belt today. Adverse weather
last week kept the breaks light.
Selling moved briskly at the ware
houses here, and prices were re
ported fairly good. Less than 150,000
pounds were sold, the auctioneers
completing their task about coon.
L

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About Evening star. [volume] (Washington, D.C.) 1854-1972