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Sharp Gains Scored In Fifth District Wholesale Trade I Rise of 16 Per Cent In November Shown By Bank Summary By EDWARD C. STONE. Wholesale trade in the Fifth Fed eral Reserve District, including Washington, in November scored a substantial gain of 16 per cent over November, 1938, according to reports from 178 firms just summarized by the Federal Reserve Bank of Rich mond. Every one of 12 important lines revealed gains. Electrical goods topped the list by skyrocketing 78 per cent over the same month in the previous year. | wholesale demand for industrial supplies jumped 31 per cent, and shoe sales mounted 24 per cent. Paper and paper products, as well as hardware, registered gains oi 17 per cent while dry goods sales were up 16 per cent. Plumbing and heating sales advanced 14 per cent ; and miscellaneous sales by 34 firms rose 10 per cent.' Drugs saw a gain of 9 per cent in sales. 56 grocery firms did 6 per cent more business than a year ago. tobacco and tobacco products sales moved up 4 per cent and busi ness in auto supplies improved by 2 per cent. lITUil* ...knlnrnln kncinacc 11*0 C picking up substantially, retail sales 1 were also improving. Furniture sales in 36 retail stores in the fifth dis trict were 17 per cent better than a year ago. In this report Washington furni- j ture stores scored a November gain [ of 8 per cent and an advance in the ; 11 months of 6 per cent over the same 1938 period Furniture sales in Baltimore were 19 per cent higher in November and 9 per cent in the 11 months. Sales in Virginia dragged in November, but were still 7 per cent ahead on the year, the review disclosed. Riggs Votes Extra Dividend. Directors of the Riggs National Bank, at their regular meeting late yesterday, declared the regular'divi dend on the common stock of $2 per share, as well as an extra divi- i dend of $2 per share, both payable j January 15 to stockholders of recorn 1 January 8. President Robert V.; Fleming announced today. The reg ular common dividend of $2 per, share, payable April 15 to share holders of record March 30 was also declared. The regular semi-annual dividend was declared upon the preferred stock of the bank, payable February 1 to stockholders of record at the close of business January 8. Mr. Fleming announced that the board had authorized the transfer of $100,000 from profit and loss to reserve for retirement of preferred stock account, wherewith to retire by lot. in accordance with the • board's action. 1.000 shares of pre ferred stock on March 1, 1940, in connection with which the books of the bank will close on January 20. 1940. Peoples Drug Sales Climb. Sales of Peoples Drug Stores. Inc., In the full year 1939 totaled $22,825, 447.71 in comparison with $21,735. 076.29 in 1938. an increase of $1,090. 371.42. or 5.01 per cent, it was re ported today at the head office of the big chain system hfere. Sales in December, 1939. amounted to $2,603,206.03. against $2,475,592.69 in December. 1938. a notable increase of $127,613.34, or 5.15 per cent, the report stated. Today's figures are highly gratify ing to Peoples Drug officials as they reflect a most satisfactory year and also excellent holiday trade. Fewest Bond Issues Sine* 1926. k The voters of the various States and municipalities evidenced their growing reluctance to authorize new bond issues by the fact that during the entire year 1939 a total of only $102,855,919 of new flotations was approved. This is the lowest total for any j year since the tabulation was first 1 begun in 1926. The only time the yearly total ever fell anywhere near last year's total was in 1937, when the voters authorized $165,581,054 of1 new flotations. The 1938 figure was $307,177,572. In December. 1939. authorizations amounted to $4,959,972, embracing 73 municipalities located in 25 States, according to the Daily Bond Buyer, December totals for other years were $21,805,850 in 1938, $6, 410.470 in 1937 and $9,420,867 in 1936. During December, projects involv ing $1,955,000 were defeated by the voters of 32 communities in 14 States. $10,000 Phone Salaries Noted. The Federal Communications Commission has reported that 568 telephone and telegraph officials received salaries of $10,000 or more in 1938, the same number as in 1937. The number of such salaries in the telephone industry increased from 515 to 520, but there was a decrease from 53 to 48 in the tele graph industry. The report showed six telephone salaries of $62,500 or piore, and one such telegraph company salary. Using titles but not names, the report listed 123 American Tele phone & Telegraph salaries of $10, 000 or more, headed by the presi dents $206,250. Heard in t inanciai uisinci. The Federal Reserve Board has re ported that the 12 Federal Reserve Banks earned $12,245,000 last year, an increase of $2,660,000 over 1938. Of total. $8,110,000 was paid out in dividends to banks of the fte serve System and $4,110,000 added to surplus of 12 regional banks. As noted elsewhere in today's Star, about 10 new directors were elected at the annual meetings of Washington banks held today. Riggs and Union Trust added three each and other banks added one new board member. Liberty Na tional and National Savings & Trust were due to meet late in the after noon. Bond trading was heavy on the Washington Stock Exchange today, Washington Railway & Electric 4s being in strong demand at 108. while Capital Traction 5s moved at 88. 98 >/„. 98 H and 97^. Twenty shares of Bank of Bethes da stock sold at 35 and five shares of Potomac Electric Power 6 per cent preferred came^out at 116. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:00 p.m. Prev. '39-'4fl Stock and Sales— Net High. Low. Dividend Rate. Add 00. High. Low. Close, chge 56% 81% Acme Steel (3ai ... 1 48% 48% 48%+ % 11% 6% Adams Exp (.2Sg).. 7 8% 8% 8% — % 68 45% Air Reduction (la). 3 66 55% 55% — 1% % Air-Way Elec Appl 1 % % % 10 6% Alaska Juneau 15e * 10 6% 6% 6% 2 % Alleghany Corp ..8 1 1 1 20% 5% Allegh'y *30 pf ww. 2 13** 12% 12% - % 18% 4% Allegh'y *40 pf iw. 2 11% 11% 11% - % 18 4% Alleghany pf iv . 211 11 11 — % 28% 14 Alleg-Ludlum SOg. 3 21 21 21 200% 151% Allied Chem (6a)... 5 176% 172% 172*. -4 16% 9% Allied Mills (lg)... 2 13% 13% 13% - % 11% 6 Allied Stores 4 8% 8% 8% 71 54% Allied Stores pf (5) 4 68 66% 66% -1% _48H 28 Allis-Chalm (la) .. 11 39% 39% 39% 10% 12% Alpha Port Cmt (1) 1 16 16 16 t % 3% 1% Amalg Leather_ 1 2% 2% 2% + % 74% 50 Amerada (2)_ 2 55% 55% 65% -1 47 16% Am Airlines _ 7 44% 44 44 — % 17% 9% Am Bank Note_ 4 11% It 11% + % 8 3% Am Bosch 1 5% 5% 5% — % 140 125 Am Br Shoe pf 5.25 100s 131% 131"% 131% +1 116% 83% Am Can (4) 6 114% 114% 114% - % 40V* 16% Am Car & Foundry 8 30% 29% 29% -1 64 30% Am Car & Fdry pf * 1 48% 48% 48% -1% 25% 13% Am Chain & C < lg) 4 22% 22% 22*» + V* 8% 5 Am Colortype 2 6% 6% 6% + % 11% S',s Am Comc'l Alcohol 1 7% 7% 7% - % 18% 6% Am CrystaJ Sugar 10 12% 12% 12% + % 6% 4% Am European Sec 2 5% 5% 5% 3% 1% Am k Foreign Pwr 2 2% 2% 2% - % 25% 10 Am & For'n P *6 pf 4 22 21% 21% -1% 30% 12% Am Si For'n P *7 pf 2 27% 27 27 - % 35% 12 Am Hawa'n SS( la) 28 34% 33% 33% -1% H 2% Am Hide fc'Leather 5 5% 6% 5% 43% 25% Am Hide & I, pf (3) 1 37 37 37 60% 41% Am Home Pr 2 40a 6 59% 58% 59% + % 3% 1% Am Ice 12 3% 2% 3% * *t 25% 14% Am Ice pf .. 6 28% 26 28 +2% 30% 13 Am Locomotive 2 21% 21% 21V, - % 15% 11 Am Mach & Fv(.80) 10 14% 14% 11% - % 40% 22% Am Metals ,75g 3 23% 23% 33% 124% 112 Am Metals pf (6) 1 120 120 120 + 1 * 26 21% Am News (,25e) 40s 24% 24% 24% 7 3% Ain Power & Light 21 5% 4% 5 - % 54 28 Am P&L*5pf.9375k 12 53% 52 52%- % 63% 32 Am P&L*Hpf 1.125k 20 62% 61% 61% - % 18% 8% Am Radiator SOg .8 10% 10 1(1% - % 22% 11% Am Rolling Mills 11 17% 16% 16% — % 80% 50 Am Roll M pf 1.25k 3 69% 69 69 -1 15% 10% Am Safefv Kaz 1.20 2 11% 11% 11% 46% 25% Am Ship Bldg 1 SOg 140s 34 •33% 33% - % 63 351, Am Sm & Ref I 2a ) 1fto% 50 50% - % 145% 127% Am Sm & R pf (7) . 3 14. 113' I4!%-1 41 20% Am Steel Foundry 12 30% 29% 30 - % 14% 8V* Am Stores i SOg) 2 13% 12% 12% - % 18% 0 Am Stove (1.75b) 1 17% 17% 17% 34% 15% Am Sugar Refining 1 19% 19% 19% - % 98 75% Am Sugar R [if < 7). 1 88 88 88 — % 18% l'l;t AmSumatTob (1). 1 16 16 16 172% 148 Am Tel & Tel (9) . 10 172% 171% 172%- % 87% 73 Am Tobacco (5) 5 87% S6% 86% — % 89% 75% Am TobaccoiB)<5) 5 89 88% 88% - % 153% 132 Am Tobacco pf (6). 1 118 118 148 8% 4% Am Tyne founders 9 5% 5% 5% - % 14% 8% Am Water Works 12 11% 11% 11% — % 98% 78 Am W W 1st pf (6). 2 99 99 1*9 + % 15% 3% Am Woolen . . 4 8% 8% 8% 64% 28% Am Woolen pf _ 4 46 45% 45% -1'. 12 4 Am Zinc 5 7 7 7 + % 48 24 Am Zinc pr pf _ 1 39% 39% 39% + % 40 20% Anaconda <1 25g> 33 30 29% 29% - % 54% 35 Anaconda Wire&C 1 38 38 38 - % 27% 13% Anchor Hoc G1 70g 1 20% 20% 20% 108 97 Armouri Del )pf(7) 1 107% 107% 107% 8% 3% Armour (lilt 6 5% 5% 5% - % 60 33% Armouri 111 tpr pf 1 48% 18% 48% - % 58 31% Armstrong C <2g) 8 40% 39% ;:9% - % 10% 5% ArtloomCorp 2 9% 9 9% — % 10% 5% Assoc Hrv Goods 7 8% 7% 7% — % 42% 21 Atch Top&Sante Ke 23 24% 23% ”4 - % 30% 15 All Coast l.ine 4 2'% 22 22 — % 20% 5% Atl Gulf & W Ind 1 16 16 16 26 9% Atl Gulf&W Ind pf 5 17 17 17 - % 24% 18% Atl Refining (1 > 4 21% 21% 21% — % 9% 7 Atlas Corp ( 5dg) 4<l 8% 8% 8% - % 49% 43% AtlasCorppf <3> 6 18% 48% J8% — % i 30% 16 Austin Nich pf (A) 10s 17 17 17 - %! 9% 3% Aviation Corp 10 7 6% 6% - % 21% 9% Baldwin l.oco ctrs 20 17 16% 16% - % 8% 3% Hallo & Ohio 7 6% 6 6% +■ % 11% 4% Balto&Ohiopf 4 7% 7% 7% — % 30% 11% Bangor & Arstook 5 14% 13% 14 - %! 87% 49 Bangor&Arpf (5) 20s 51% 51% 51% - % 21% 10% Barber Asphalt 25g 2 14% 11% 11% + % 13 6 Barker Bros 25g 1 8% 8 . 8% + % 33 24% Barker Bros pf 2.75 20s 27% 27% 27% + % 19% 11% Barnsdall t 'jOgi 6 13 12% 12% - % 27% 15% Bayuk Cigar i 75a) 5 27% 27 . 27% — % 28% 17 Beatrice Crea (la) 3 28% 27% 27% - % 128',v 104% Beech-Nut Pkg(4a) 1 126 126 126 9% 7% Belding-Hem i.80) 1 9 9 9 33% 16% Bendix Aviatl 50s) 24 29% 29% 29% — % 22% 11% Beneficial Ln 1 85g 5 22% 22 22% + % 56% 48% Beneficial L. pf 2 50 1 56% 56% 56% 57% 32 Best & Co (160a) 3 37% 37% 37% -1% 100 50% Bethlehem Stl 1.50g £8 80 78% 79 4 - •% 18% 15', Beth Stl 5% pf (11 5 18% 17% 17% - % 120% 09% Beth Steel pt i7l 2 115% 115 115 - % 34V, 15V* Bigelow Sanf'dtlg) 3 32% 31'., 31% -1% 24% 14 Black & Decker (1) I 31% 21% 21% - % 17% 8% Blaw Knox 4 11% 11% 11% 23% 13% Bloominsdale (.75) 20s 15 15 15 -1 .34% 16% Boeing Airplane 20 24% 2.iV 23% - % 28% 16 Bohn Alum & B (1) 1 22% 22% 22% - % 123% 100% Bon Amil AM 4a) 60s 122% 122% 122% 65 51 Bon Amil B 12.50a 80s 64% RJ% 64% — V. 24 12% Bond Stores 1.60a _ “2 22 22 22 22 16% Borden Co il 4('g) 11 23 21% 21% - % 32 18% Borg-Warner (la) 20 25 24% 24% 6 % 7'. 5% Brewing Corp ( .60) 4 6% 6% 6 % + % 15% 7'. Bridgeport Brass 11 11% 11% 11% — % 31% 16% Briggs Mfg 1 25g 6 22 21% 21% - a. 53 41% Bristol-Myers 2.40 I 52 52 52 - % 15% 7% Bklyn-Man Transit 20 15% 14% 14% - % 53 27 Bklyn-Man Tran pf 2 51 50% 51 -1% 52 39 Bklyn Man pf ctfs 1 49% 49% J9% -1% 14% 5% Bklyn & Queens pf 1 14% 14% 14% — % 14% 11 Bklyn&Qu ns pf cfs 3 14% 14 14% 30% 13% Bklyn L'n Gasi 5<ig) 4 24% 24% 24'*+ % 25% 9% Brunswick-B 2.75g 3 23% 23% 23% - % 13% 7 Bucyrus-Eriet 50g) 3 9% 9% 9% + % 9 4 Budd Mfg 9 6 .'A. 6 56% 29% Budd Mfg pf 80s 42% 41% 42 - % 6% 3 Budd Wheel 7 5% 6% 6% - % 21% 11% Burlington Mills la 47 21% 20% 21% 18% 11 Burr's Add Mch 40 7 12% 12 12 - % 7a, 1 Bush Terminal . _ 3 4% 1% 4% - % 20 6% Bush T Bldgs pf . ._ 20s 12 12 12 6% 2% Butte Copper _ 2 4% 4% 4% 16% 7 Byers (A M) Co ... 2 13 13 13 -% 30 13% California Packing. 3 84% 24% 24% - Vs 30, % Callahan Zinc 3 1% 1 % 1% 10% 414 Calumet & Hec .25e 6 7% 7 7 17% 9% Campb'll Wya't ,40e 1 16 16 16 - a, 20% 12 Canada Dry ( 50g) 17 17% 1614 17% 6% 3% Canadian Pacific 37 5% 5% 5% — % 33 13% Carpenter Stl l.30g 3 26 26 26 4 2% Carriers & Gen .025* t 2:4 214 214 94% 63% Case t J 1) Co 1 71 71 71 122% 110 Case (J 1) Co pf (7) 40s 116% 118% 118% - % 64% 38% Caterpillar Tract2) 4 55% 55 55 —1 30% 13*4 Celanese Corp .50g 20 28% 27% 28 - % 111% 84 Celanese pr pf «7 ) 110s 111 110% 110% — Vs 19% 7% Celntex Corp 3 10% 10% 10% — '/, 5% 2*4 Central Foundry 1 3% 3% 3% - % 113'% 103'% Cent 111 L pf (4.50) 30s 113% 112% 113% 14*, 3% Cent Violeta (.25g) 1 8 8 8 - Vi 52% 32 Cerro de Pasco (le) 14 4TH 40 41% + % 13 5V4 Certain-teed 3 6% 6*, 6% - % 47V4 22 Certain teed pf 50* 30'/, 30% 30% + % 105 98 Champ P&F pf (6). 20s 102% 102 102 -2 21'% 6*4 Checker Cab Co .. 2 16% 16 16% 29'% 3% Chesapeake Corp .. 6 4*, 4% 4*, 47% 27 Ches&Ohio 2 50a). 10 41*, 41 41 -1% 95% 85% Ches & Ohio pf (4) . 1 95 95 95 1% V4 Chi & Northwn ir) 2 ft (4 ft, — -Ar 3% *4 Chi & fiorthwn pf(r 3 1 % Vs - V* 20% 10 Chi Pneu Tool 2 14'4 14% 14% - % % Vi Chi R I S P (rl .. 1 *. % % + % 1% *s Chi RI&P 67. pf(r). 1 % % % 9% 7% Chi Yellow Cab (1). 1 9 9 9 + V, 94*. 53*/* Chrysler Corp (5g). 38 88*4 87'4 87% -1% 14V4 9 City lce& F (1.20) t 13% 13% 13% 97% 79 City 1 & F pf(6 50). 10* 97 97 97 34'% 15 Clark Equip 2.25g 3 31*4 31% 31% — % 39V4 20% Clev Graphite 2.50g 1 39 39 39 60% 3404 Climax Moltb 120a. 17 36*4. 35% 36*4-% 88% 21% Cluett Peab 2.75g . 27 37% 36 37% + 04 133 105 Coca-Cola (5g) 1 122% 122% 122% - % 18*4 11% Colgate-Pal-P ,50a 14 17% 17% 1704 - % 107 101% Colg-Pal-P pf (6) .. 1 105 105 105 37% 20% Collins & Aik (1)_ 2 33 33 33 -1 24% 11% Colo Fuel & Iron .. 2 1804 18% 18% - % 8% 2*4 Colo & Southern .. 20s 4% 4% 4% — H 9% 3% Colo & So 1st pf . 100s 5 5 5 25*4 14 Colum BC(A)1.50g. 2 24% 24% 24% - % 25% 14 Colum BC(B)1.5(>R. 1 24 24 24 - % 9 6% Columbia Gas & El 16 7 6% 6% — % 15% 6% Columb Pic vtc 3 7% 6% 7% + % 30% 15% Columb Pic pf 2.41d 2 21 20% 21 +1 57 38% Cornel Credit (4) 6 47% 47% 47V4 - % 60 42 Cornel 4nv Tr (4) 4 53% 53% 53% — % 110% 103*1 Cornel Inv T pf 4.25 1 110% 110% 110% +3 16 8% Cornel Solvents 21 14*. 13% 14 - % 32% 25% Comwlth Ed (1.80) 33 32% 32 32%+ % 2% 1% Comwlth & South'n 20 1% 1% 1% + % 72% 45% Comwlth & S pf (3) 5 73% 71% 71% -1% 8% 5 Conde Nast Pub_ 1 5% 5% 5% — % 30% 19 Congoleum (la)_ 3 23% 23% 23% — % 32% 15% Consol Aircraft . 4 28% 28 28% - % 91 79% Consol C pr pf 6.50 20a 91 91 91 11 4% Consol Cop M(-30g) 115 9% 8% 9 + % 35 27 Consol Edison (2)_ 27 31% 31% 31%-% 108% 101*4 Consol Edis of (5). 4 108% 108 108 -% 7% 3*4 Consol Laundries.. 2 4% 4% 4% — % 9% 6% Consol Oil ( 80) 13 7% 7% 7% — % 102 88 Consum Pw pf 4.50 1 101*4 101*4 101*4 — % 17% 9% Container Corp 25g 4 16% 16% 16% — % 22% 11% Conti Baking (A) . 5 14% 13% 14% + % 2 l Conti Baking (B) 3 1% 1% 1% 100 87% Conti Baking pf (8) 2 95% 95 95% +1 51% 32% Conti Can (2g) 6 43% 43% 43% —• % 40% 29% Conti Insur (1.60a) 4 40% 40 40% 5% 1% Conti Motor .... 20 3% 3*4 3% 31% 19% Conti 011 (1) 2 24 24 24 - % 32% 16% Conti Steel (2g) 1 28% 28% 28% 61% 49 Cdrn Exchange (3). 110s 60 69% 59% - % 67% 64% Corn Products (3).. 3 64*t 63% 64 -1 5Vt 3 Coty, In^(.50g)- 1 4% 4% 4% + j* ___si_._____ ’rev. 'an-’40 Stock and Sales— Net. High. Low. Dividend Rate. , Add 0(1. High. Low close, chge 2% % Coty Internatl 20g 3 1 11 , 38 16 Crane Co t.60g) 3 23% 23% 23% - % 41% 20% Crown Cofk & Seal 5 28 27 28 40% 33 CFn C&S pf ww 2.25 50s 37 37 37 -1 17% !i Crown Zeller .25e 14 16% 16 16% - % 94 75 Crown Zeller pf (I) 20s 92 92 92 - % 13 3 Cuban Am Sugar . 4 7 6% 6% - % 93 48 Cub Am S pf (2k) 60s 83 83 83 - % 28% 26 Cuneo Press _ 2 27% 27% 27% — % 7% 3% Curtis Publishing . 2 4% 4% 4% — % 63% 38 Curt Pub pf 2.375d 7 44% 43% 44%-% 13% 4% Curtiss-Wright 75 10% 10 ■ 10 - % 32% 19% Curtiss-Wr( A M 2g> 14 29% 29 29% - % 25 13% Cutler Hamm'r 75g 2 20% 20% 20% — % 7 3% Da vega Stores I5g 2 4% 4% 4% — % 25% 15% Deere & Co C.75g) 16 22% 21% 22% - % 27% 23 Deere * Co pf(1.40) 1 26 26 26 18% 11% Deisel-W-G (la) ... 2 16% 16 16% 28 12% De. & Hudson ... 23 22 21 21%-% 8% 3% Del Lack & Wn 10 5% 5% 5% - % 125% 103 Detroit Edison (2e) l 124% 124% 124% - % 32% 18 Devoe & Ray A .25e 70s 22 21% 22 44% 36% Diamond M pf 1.50 4 41% 41% 41% — % 10% 5% DiamTMot 40g .. 10 9 8% 8% - % :0% 13% Disti It -Seagr 12) . 16 19% 19% 19b - % 13% 9% Dixie-Vortex (lg) 2 13% 13% 13% 35% 30 Dixie-Vori A 1(2.60) 200s 35% 35 35% + % 22% 10 Doehler Die Casting 1 18 18 18 -% 34 20% Dome Mines (2) 5 23% 23% 23% - % 87% 55 Douglas Air (3g) . 11 79% 78 78% -1% 147% 101% Dow Chemical (3) 5 146% 145% 145% —1 17% 6 Dresser Mlg ( 75g) 7 16% 15% 15% —1 19% 6 Du nil 111 Internatl,. 1 7% 7% 7% + % 18S% 12fe% Du Pont (7g> .. 12 182% 182 182 -1% 124'. 112 Du Pont pf (4.50) x 1 123 123 123 + % 118% 111% Duquesne 1st of<5) 70s 118 118 118 + % 31% 12% Eastern Air Lines 16 29% 29% 29% 186% 138'- Eastman Kodak (6) 6 165% 164% 164% -1% 183% 155% Eastm Kodak pf (6) 30s 178 177% 178 42 31% 15% Eaton Mfg (2.50g) 10 31% 30% 31% 3% 1 Eitlngton Schild I 1% 1'* 1% 40% 22% Elec Auto Llte(3g) 15 37% 36% 56% - % 18V* 8% Electric Boat, 60g) 15 16% 15% 16% — % 3% 1% Electric & Music . 4 1% 1% 1 % 4- % 12% 6% Elec Pwr& Light 6 8 7% 7% - % ■ 8 18% Elec Pw & l-t 56 pf 6 10% 30 30 - % 41% 20% Elec Pw & Lt pf 22 35% 34% 34% - % 35 23% Elec Stor Bat (2) _. 1 30 30 30 — % 42% 28 El Paso Nat G (2) . HI 38% 37% 38 -% 13% 7 Eng Puh Service 16 12 11% 12 — % i 5% 3% Eureka Vacuum Cl 1 4% 4% 4% 25% 14'. Ex-Cell O(lg) 1 23 23 23 + %j 8% 2% Fairbanks Co pf 30s 4% 4% 4% — % ’ 43% 24 Fairbks Morse 50e 2 38% 38% 38% - % I 38% 20 Fatardo Sugar (2) 2 26% 26% 26% - %j 18% 11 Fed Lt & Trac (1 c) 3 17 17 17 -%| 31% 27% Fed Min & Sm 1.50c 2 28 27% 28 -f % 1% % Fed Water Svc (A) 1 1 l 1 V* 89% 82% Federat’d DS pf 4.25 2 87% 87 87 23% 14% Ferro Enamel (la). 1 19% 19% 19% — % 40% 27% Fidelity Phoe 1 fiOa. 3 39% 39V* 39%- % 25% 17% P'irestone Tire .25e 1 21 21 21 + % I 105% 99% Firestone pf (6) 3 105'* 105 105% + •'% 51 38% First Natl Strs 2.50 2 45% 45 45 31% 15 Flintkote < lc) _ 3 20% 19% 13% - U 5 1% P'ollansbee Bro (r)_ 4 3% 3% 3% -f % 37'•* 21 P'ood Mach 1.375c - 1 35 35 35 4- V* 38 18% Freeport Sulph (la) 6 33 32% 33 — % 3% 1% Gabriel (A) . 1 2% 2% 2% 4- % 5% 2 Gair (Robert) .. 3 3% 3% 3% — % 15'v 9 Gamewell Co .25e 80s 14 13 13 -1 j 1014 94 Gannett Co pf (61 10s 103 102 102 -1 74 34 Gar Wood Indust 5 44 44 44 — 4 9 64 Gen Am Invest 25g 1 *4 64 6-4 - 4 | 05 40 GenAmTran 2.375s 2 564 564 564 - 4 11 74 Gen Baking (.60) . 4 84 8 84 +4 54 24 Gen Bronze _ 2 34 34 34 + 4 : 18 9 Gen Cable _ 3 114 11 11 - 4 ! 35 174 Gen Cable (A). 2 224 224 224 -14 75 43 Gen Cable pf _ 1 544 544 544 + 4 1304 106 Gen Cigar pf (7) 70* 1144 1144 1144 44 - 31 Gen Klectrict 1.40g) 23 404 394 40 - 41 J84 364 Gen Roods (2a) 5 474 474 474 + 4 14 4 Gen Gas & El (A) _ 1 4 4 4 •)!) 724 Gen Mills (3.50) * 1 90 90 90 -14 1304 1254 Gen Mills pf (5) 50*130 130 130 64 36b Gen Motors (3.50g) 55 544 54 544 — 4 1264 112 Gen Motors pf (5) . 4 125 124'. 125 - 4j 64 34 Gen Outdoor Ad v 1 44 44 44 + 4 104 7 Gen Print Ink 8flg 3 94 9b 94 + 4 ! 14 4 Gen Public Service 1111 28 124 Gen Rwy Signal 2 184 184 184 + 4 14 4 Gen Realty & Util . 5 4 4 4 + •> j 204 14 Gen Realty & U pf II 184 18 184 + 4 41 194 Gen Refractor 50g 4 324 32 32 — bj 151, 124 Gen Shoe (1.20) 4 154 154 154 + 4 j 434 16 Gen Steel Cast pf 20s 294 29 29 - 4 j 314 134 Gen Telephone) la I 3 21 204 21 + 4 154 84 Gen Thea Kq ( *0g) 4 134 12b 134 18 104 Gen Time (lp) 1 16 I64 164 274 154 Gen Tlre&Rub 50g 3 224 22 22 - 4 84 5s* Gillette Saf R (.60) 13 6b 64 64+ 4 54 434 Gillette S P. pf (a) 10 50', 494 504 + 4 134 64 Gimbel Bros _. 5 84 8 8 —4 244 14 Glidden Co (,50g) 6 184 184 184- 4 47 34 Glidden cv pf (2.25) 7 4 1 41 41 34 24 Gobel (Adolf) 1 24 24 24 - 4 34 14 Goebel Brew (.20) 1 24 24 2',+ 4 88 70 Gold Stock Tel (6) 10s 88 88 88 244 134 Goodrich( B R) (lp) 7 19', 19b 194'— b 744 53 Goodrich (BR) pf < a) 2 66b 66b 66b + 4 384 21b Goodyear Rub (11 16 234 23b 234 - 4 54 24 Gotham Silk Hose 3 34 34 34 80 67 Gotham S H pf (7) 50* 714 71 714 +34 1% % Graham-FJatge 11 1% 1% 1% 10% 4% Granby Consol 40g 11 8 7% 8 10% 9% Grand Union x ctfs 2 10 10 10 35 24% Grant (\VT) .50e 1 34 34 34 + % 13% 16V* Great North n pf 27 26 25% 25% — % 22% 12' ■ Gr’t Nor O ctfs 75e 3 18% 18 18 — % 37% 23% Great Wn Sug (2) 12 28% 27% 27% — % 141% 129% Great Wn S pf * 7 » 70s 134% 134 134 -1 35% 24% Green (HL) (2a) 3 32% 32% 32%-% ‘‘1% 14% Greyhound (la) 13 17% 17% 17% — % 12% 10 Greyhound pf (.55) 8 11% 11% 11% + % 6 % Guantanamo Sugar 1 2% 2% 2% — % 38 32 Hack Wat pf (1.75) 20s 37 37 37 +1% 20 8 Hall IW F> Prtg 4 20 19% 19% - % 33% 17 Harb & Walker(lg) 1 27% 27% 27% - % 4% 2 llayesMlgCorp 5 3% 3% 3% - % 112% 93 fiazel At las G1 (5) 5 111% 111% 111%— % 13% 8% Hecker Prod .60 x 6 10 10 10 117 100 Helme (G WXSa) 5 110 110 110 101% 63 Hercules P <2.85g). 6 90 88% 89 -2 65% 54 llershev Choc (3) 2 62 62 62 115 100 Hershey cv pf (4a). 3 115% 115% 115% + % 11% 5% Hollander (A) - 1 6% 6% 6% + % 21% 8% Hollv Sugar .. 22 14% 14% 14% 66% 47% Homestake (4.50) 2 59% 59% 59% + % 36% 27 Houd-Her( A) (2.50) 4 34% 34% 34% + % 17% 8% Houd-Her(B) 75g 2 13% 13% 13% — % 73% 60% Household Fin (4a) 2 69% 69% 69% + % 9% 4% Houston Oil - 4 6% 6% 6% — % 57 40 Howe Sound (3a).. 2 50 50 50 35% 21% Hudson Bay 1.75g._ 3 26% 26% 26% 8% 4% Hudson Motor_ 8 5% I 5% 5% — % 2% % Hupp Motor - 3 1 % 1 20% 9 Illinois Central . 5 12% 12% 12% — % 35 16% Illinois Central pf.. 1 23% 23% 23% — % 49 38% Illinois C L L (4).. 70s 40% 40% 40%-% 9% 4% Indian Refining .. 3 6% 6% 6% + % 29% 16% lndust Rayon 75g_. 5 27% 27% 27% — % 98% 67 Inland Steel (4g) 2 87 86% 87 - % 21 9% I nspiratlon Copper. 5 13% 13% 13% — % 46% 17% Interchem (,40g).. 3 43% 43% 43% — % 109% 90 Interchem pf (6)— 60s 110 109% 110 + % 16% 7% Interlake Iron -- 6 11% 11H 11% - % 3% 1% lntl Agricultural .. 6 1% 1% 1% — % 195% 145 lntl Bus Mach (6a). 4 188 188 188 —1% 71% 45% lntl Harvester 1.60. 9 59% 58% 58% -1% 8% 3% lntl Hydro-El (A) 9 5% 5 5 - Vi 17% 2% lntl Mercantile Ma. 74 10% 9% 9% + M 10 5% lntl Mining (,45g)*. 17 7 7 55% 35 lntl Nickel Can (2). 26 38% 38% 38% — Vi 14% 6% lntl Paper & Power. 17 13% 13% 13% - % 57% 25% lntl Paper & Pw pf. 38 55% 53% 54% —1% 60% 39% Int R C A pf 5.75d 100s 52% 52% 52% + 38 29 lntl Salt (1.50a)_ 1 35 35 35 - % 9% 3% lntl Tel & Teleg 20 4% 4% 4% 9% 4 lntl T & T for’n cfs. 1 4% 4% 4% - % 14% 7% Interstate Dept Str. 10 10 10 10 + Vi 10% 7% Intertype Corp 40g. 1 8% 8% 8% - % 32% 18 Island Crk Coal (2) 1 25% 25% 25% + Vi 18 13 Jarvis (WB) 1.50g. 1 16 16 16 — % 90% 68 Jewel Tea (4a 1 3 90% 90 90 105 59 Johns-Manv 2.75g . 3 74 74 74 -1 19% 13 Kalamazoo Stov .50 7 14% 14% 14% 11% 5% Kansas City Sou . 17% 7% 7% - % 18 12% Kavser (J) (1.50g). 1 15% 15% 15% — Vi 100% 85 Kelth-Al-Opf 8.75k. 20s 95 95 95 +1 14% 7% Kelsey-Hayes < A).. 2 12% 12 12 — % 10% 5 Kelsey Hayes (B) . 6 7 7 7 46% 28 Kennecott Cop(2g). 27 38% 37% 37% — % 16% 8% Keystone Stl 80g 3 13% 13% 13% — % 39 20 Kimberly-Clark! la) 1 36% 36% 36% — % 4 1% Kinney (G R) .. 3 2% 2% 2% - % 26% 20 Kresee (SSH1 20). 4 24% 24% 24%-% 29% 23% Kress (S H>(160) . 1 28% 28% 28%-% 29% 20% Kroger Groc( 1.60a) 10 29 28% 28% — % 18% 14 Lambert L375e) 1 16 16 16 37% 25 Lee Rub & T (.75e). 2 34% 34% 34% - 1 25 17 Leh Port Cmt .375e. 2 23% 23 23% 118 112 Leh PortC pf (4) 50*115 113 113 -2 8% 1% Leh Valley Coal pf 1 3% 3% 3% - % 27% 20 Lehman Corp ,20e . 2 23 22% 22% - % 13% 9% Lehn & Fink 1.375g 4 12% 12% 12% - % 56% 36% Llbbey-Ow-F 2.75g. 8 51% 50% 61 -% 10 4% Libby McN & Lib . 4 6% 6% 6% - % 108% 95 Ligg & Myers (4a) 1 107% 107% 107% 109% 95% Ligg & Myers(B)4a 4 107% 107% 107% - % 20% 15 Lily Tulip Cup 1.20 2 20 20 20 40% 20% Lima Locomotive.. 1 27% 27% 27% - % 47 31% Link Belt (la) _ 3 39% 39% 39% +1 20% 10 Lion Oil Ref (1) 2 12% 12% 12% 19 13% Liquid Carb & C.25e 5 16 15% 16 36% 18% Lockheed Aire (lg) 22 30% 29% 29% - % 54% 30% Loew’s, Inc (2) 11 36 35% 36 109% 101% Loew's Inc pf (6.50) 1 107% 107% 107% + % 23% 6 Loft Inc ...‘ 310 22% 21% 22 - % 62 38% Lone Star Cmt(3a). 5 46% 45% 45% — % 22% 16% Loose-Wile's ,25e_t 2 18 17% 17% — % 25 19% Lorillard <1.40g)._. 4 247+ 24% 24% - % 159% 138 Lorillard pf (7) . 10a 155% 155% 155% — % 21% 15v4 Louis G&E(A)1.50 2 21% 21% 21%+% 67 36% Louis & Nash (5g). 5 57% 57% 67%-% 33% 18 Mack Trucks .60g _ 8 27% 27% 27% -1 43% 25% Macy (R H) Co (2). 11 29% 29 29% - % 19% 11% Madia Sq Gar 1.35g. 4 11% 11% 11%-% 40 25% Magma Cop(2.75g> 2 35 34% 34% -1% 15% 5 Man Ry mod gtd (r) 6 15% 15% 15% • h -._^____at____ Prev. ’3ft-'*o stock and Sales— Net. High. Low. Dividend Rate. Add 00. High. Low. Close. ch(e. Ifi m. Man Rymgtrlctlr) 14 154 154 154 30 9 Man Ry gtd < r) 130a 284 284 284-4 54 44 Marine Midl'd .10e 17 54 5 5 -4 84 34 Market St Ry pr pf 10s ,**« 44 44 '74 94 Marshall Field 80c 6 144 144 144 -4 454 264 Martin (Glenn) lc. 12 394 384 384 -14 104 2 Martin Parry ..*2 9 8 , 84 - 4 574 30 Masonite Corp (1). 12 40 384 394 - 4 374 204 Math Alklll (1.60). 4 314 31 31 -4 176 155 Math Alklll pf (7).. 10s 1624 1624 1624 +1 534 404 May Dept Strs (3). 3 524 52 624 -4 364 244 Maytag Co pf (3) 1 264 264 264 - 4 105 93 Maytag 1st pf (6) . 20a 100 100 100 164 104 McCall Corp (1.40). 5 164 16 16 -4 174 94 McCrory Strs (la). 12 16 16 16 '.5'» 154 McGraw Elec (la). 2 244 244 244 104 64 McGraw-Hilll .15e 2 74 74. 74 - 4 594 39 McIntyre Pore (2a) 3 474 474 474 184 84 McKeesport Tin 11 124 12 124 -4 104 64 McLellan Strs 60c 4 9 9 9 314 284 Melville Shoe (,50e) 25 3i4 31 314+4 64 3 MengelCo II 54 54 54 -4 284 14 Meneel Co 5% pf 120* 234 234 234 - 4 214 114 Merch ft Min Trans 20g 16 16 16 +1 394 25 Mesta Mach ,50e 2 304 304 304 - 4 164 64 Miami Copper 3 104 10 10 — 4 18 114 Mid font Pet ( 600 4 154 15 15 -4 40 184 Midland Stl P (5g) 3 36 354 354 -14 1204 101 Mid Stl 1st pf (8) 100s 1164 1164 1164 854 444 Minn-Hon Ros 12) 6 524 524 524 -14 64 24 Mlnn-Moline Imp 4 44 44 44 — 4 54 36 Minneap-Mollne pf 2 41 404 404 -1 144 84 Mission Corp I 65g) 3 10'* 104 104 — 4 94 24 Mo-Kan & Texas pf 11 44 44 44 + 4 14 4 Mo Pacific (r) 1 4 4 4 — V* 21 104 Mohawk Carpet 75g 1 184 184 184 -4 1144 85*4 Monsanto Ch (30 10 1074 105 106 -14 574 404 Montp Ward 1.25c 27 54 534 534 — 4 47 314 MorrelH.T )&Co ,50e 1 444 444 444 374 224 Morris ft Es (3 875) 100s 29 284 28** - 4 19 94 Motor Products 1 12 114 12 174 10 Motor Wheel (1.60) 2 164 164 164 30 164 Mueller Brass 80g 7 264 26 4 264 444 30 Mullins Mfcpf 60s 344 34 344 + 4 14*4 9 Munsingwear 6 104 104 104 —14 704 50 Murphy (G C> 3 25g 2 68 68 68 -4 94 54 Nash-Kelvtnator 35 7 4 6 4 7 4 + 4 264 14 Nash Chat ft St L . 70s 21 21 21 -1 184 74 Natl Acme (.50g) . 2 154 154 154 15 74 Nall Aviation! 75g| 2 124 124 124 - 4 284 214 Natl Biscuit (1 60). 12 234 23 23 - 4 954 87 Natl Bd ft In pf (5). 2 94 91 94 +3*. 264 144 Natl Cash Reg (11 II 164 154 154- ': 16 84 Nat) Cvl Gas 1.50e>' 3 124 124 124 - 4 18% 12 - N.itl Dairy ( 80) 10 17% 16% 17 117% 110 Natl Dairy pf A (7) 10s 116 116 116 8*1 4'■< Natl Dept Stores 4 6 6 6 — % 6% 4% Natl Dept Stores pf 7 6 6 6 28% 20% Natl Distillers (2) 7 25 24% 24%-% 16% 8% Natl Gypsum(.25r) 5 11% 11% 11% - % 27% 17% Natl Lead ( 50a I 3 20% 20% 20% - % .35% 14% Natl Malleable 1c - 3 25% 24% 24% -2% 10 6% Natl PwriLt 60 .. 11 8% 8% 8% - % 82 52 Natl Steel I l.70e>-- 3 72% 72 72 - % 15% 5% Natl Supply 2 9 8% 8% — % 59% 33% Nall Supply 5.50 pf 2 39% .39% .39%-% 50% 40 Natl Sup 8% pf .75k 70s 41% 41 41 -1% 5% 2% Natl Tea Co 1 3% 3% 3% + % 42 32 Newberry (J J)(2) l 41 41 41 — % 17% 8% Newport Indus 14 12% 12 12% 23% 11% NY Central 86 17% 17% 17% 43% 30 N Y C Omnibus (3a) 1 33 3.3 33 + % 118% 106 NY* Harlem (5) 30s 110 110 110 - % 62 47 N Y Lack & Wn (5) 10s 53% 5.3% 53%+% 1% HNYNH&H(r> 3 % % % - % 5% 1% NYNH4H pf (r) 3 1% 1% 1% - % 17 8% N Y Shipbuilding 69 15% 14% 15%+ >, 95 70 N Y Shiphldc pf 70s 96% 95% 96% +1% 33% 31% Noblitt Sparks!3r) 1 30% 30% 30% - % 219 168 Norfolk & VVnt 10a) 1 215% 215% 215% -1% 29% 12% Nor Am Avia 1 40g 53 25% 24% 24% - % 26% 18% Nor Am Co (1 20a I 28 23% 23 23% - % 59 50% No Am 5%% pf 2 875 .3 57% 57% 57% - % 59% 52% North Am 6% pf (3) 1 58% 58% 58% — % 14% 7 Northern Pacific 8 8% 8% 8% 40 29 Northwest Tel (31 30s 34 34 34 6% 2% Norwalk Tire 2 4% 4% 4% — % 10% 6 Ohio Oil 9 7% 7% 7% 30 14% Oliver Farm Rquip 1 20% 20% 20% — H 113% 100% Omnibus pf III 130* 105 104% 105 + % .7% 15% Otis Klevator 90c 11 17% 17% 17% - Vi 16 7% Otis Steel 3 11% 11% 11%-+*. 70 50 Owens-111 Glass (2) 3 64 63% 63% - ** 7% 3 Pac Am Fisheries 28 6% 5*, 6 • + V* 7% 214 Pacific Coast 10* 6% 6% 6% 25 11% Pac Coast 1st pf 10* 22 22 22 -1 34% 27% Pac Gas & Elec (21 3 .73% 33% 33% - % 21% 9% Pac Mills 5 I5+* 15% 15% — % 132 114 Pac Tel & Tel 7.2nc 40* 132% 132 122% +5 7% 6 PacTinConsol.log 4 7% 7 7 - % 4% 3 Packard Motor 24 3% 3% 3% 20% 9% Pan-Am Airways 9 19% 18", 18% - % 2 % Panhandle ... 1 % % % - % 60% 35 Paraffine (2.25c) -- 1 42 42 42 14% 6% Paramount (15c) . 12 7% 7% 7% + % 107(, 72 Paramount 1st (6). 1 85% 85% 85% —2% 13% 7% Param t 2d pf ( 60) 1 9 9 9 26 14% Park & Tilford 1 17 17 17 4 1% Park Utah Mines 12 2 2 47 36 Parke Davis (.40e) 6 44% 44 44 - % 21 11% Parker P.ust (la) 1 19% 19J, 19% - % 2% IV* Parmelee Trans 2 1% 1% 1% 13% 5% Pa the Film 7 9% 9% 9% - t» 11% 5% Patino Mines 3 6% 6% 6% — % 624 48 Penick & Ford (3a) 1 604 60% 604 + 4 95 74 Pennev <JC> (3a) . 9 944 94'* 944 - 4 44 4 Penn Coal & Coke 4 4 24 4 - 4 54 24 Penn Dixie ('em 1 34 34 34 17 114 Penn Glass S ct.75k 1 154 154 154 - 4 274 15 Penn Railroad (la I 48 234 23 23 - 4 394 24 Peoples Drug 1.Tog 1 354 354 354 +14 54 2 Teoria & eastern l 44 44 44 + 4 40 134 Pere Marquette pf 40s 264 254 214 -14 45 21 Pere Marq pr pf 90s 344 324 324 -24 104 64 Petrol Corp < 70g) 7 84 84 84 — 4 84 54 Pfeiffer Brew(.50g) 1 64 64 64 474 284 Phelps Dodge 1.50g 20 384 374 374 - 4 484 36 Phila Co J6 pf (3) _ 1 464 464 464 + 4 14 4 Phila & R C & 1 (r). 4 4 4 4 103V, 74 Philip Morris (3) _ 6 904 90 904 - 4 464 314 Phillips Petrol (2)_ 10 404 404 404 - 4 12 24 Pitts Coal _ 3 54 5 64 324 12 Pitts Co*l pf _ 1 254 244 244 -14 144 4 Pitts Coke & Iron - 3 84 84 84 - 4 114 44 Pitis Screw 3 8 74 74 - 4 484 22 Pitts Steel pf (B) 10s 344 344 344 -34 404 18 Pitts Steel pr pf 50s 284 284 284 - 4 254 124 Pitts Steel 5 7, pf . 80s 174 174 174 -14 204 6 Pitts & W Va 20s 144 144 144 -1 24 174 Plymouth Oil 1.40a 6 214 214 214-4 164 6 Pressed Steel Car 15 134 13'/* 134 — 4 684 504 Proctor & Gam (2a) 5 684 674 68 414 314 Pub Sve (NJ) 2.50g 3 414 404 404 -4 143 129 Pub Svc(NJ)pf (7). 1 1414 1414 1414 - 4 166 147 PuhSvc<NJlpf<8) 10s 1614 1614 1614+ 4 118 111 PubSvc E*G pf (6) 11174 1174 1174 -4 414 224 Pullman (1) 20 314 31 314-4 114 64 PureOil (.25g)_ 19 94 84 84 - 4 904 79 PureOil pf (6)_ 2 884 88 884 814 634 Pure Oil pf (5) _ 1 79 79 79 184 104 Purity Bak (1.50gf. 1 144 144 144 - 4 84 5 Radio Corp'n .. 25 5 4 5 4 54 — 4 674 634 Radio cv pf (3.50)_. 1 624 624 624 -4 24 14 Radio-Keith-Or (r). 6 14 IV* 14 194 64 Rayonier, Inc _ 2 184 184 184 284 124 Rayonier pf .50d... 2 28 28 28 - 4 224 104 Reading Co <1) ... 1 16 16 16 10 64 Reliable Stors ,50g. 2 8 8 8 174 94 Reming-Rand .2fle . 13 104 10 10 - 4 rtf r.i\ Derr, D n„l> i 4 E. A V 1 4 1 A . hit! _ L. 2% % Reo Motor (r) 6 1% 1'* IV* 28'i 12?* Republic Steel . 35 221* 22% 22% - % 89% 42 Rep Steel pf A (6)— 1 73V* 73V* 73i* -1% 14% 7V* Reynolds Metals— 20 12V* 11?* II7* — V* 11% 5V* Reynolds Spring_ 3 7V* 7V* 7'a 45 35 Reyn Tob B 2.30g . 28 40% 40% 40'* - V* 10% 6% Richfield Oil (.50g). 10 8 7?* 7?*- % 34 15% Ruberoid (1.10g) .. 3 19% 188. 19% - % 2% % Rutland RR pf (r)_ 2 1% 1% 1% 51% 27% Safeway Strs 2.50g 7 47 46 46% - t* 109 82V* Safeway S pf (5) 110s 105% 105% 105% 4 % 49% 27% St Joseph Lead(la) 6 40'a 40% 40V* - V* 2 % St L-San Fr pf (r) - 6 % % % 23 10% Savage Arms 1.26g 1 21% 21% 21% + % 17% 10 Schenley Distillers 1 13% 12% 13 76% 61 Schenley pf (5.50) 5 74 74 74 +1 1 % Schulte Retail S <r) 1 % V* % 1 V* Seaboard Air L (r>_ 5 % % % 24% 15% Seaboard 011 (1)_ 2 19% 19V* 49% + % 3% 14* Seagrave Corp 1 2 2 2 — % 87 60% Sears Roebuck (3a) 34 85% 83% 84 -1% 18% 114* Servel Inc (la). ... 38 16 15% 154* 21% 10% Sharon Steel 1 14 14 14 — % Prev. ’3fi-'4(> Stock and Sales— Net. High. Low. Dividend Rate. Add 00. High Low Close, chge. 7% 3% Sharp & Dohme 6 bb bb bb 54 43 Sharp & D pf (3.50) 1 54 53 63 - b 11% 64 ShattucktF GH.40) 4 7% 7% 7*4+ 4 384 28 SheafTer Pen 2.75g 10» 36*. 36*. 36*. - 4 174 94 Shell Un Oil <.50g) 2 124 124 124 84 4*. Silver King <.25g).. 1 64 64 64 32*. 174 Simmons Co 1.75g.. 1 224 224 224 - 4 294 154 Skelly Oil <-25e) . x 2 214 214 ‘214+ 4 112 101 Sloss-Sheff pf (6) 100* 1124 1124 1124 +4 174 9 Smith & Coro(.50g) 1 11 11 U - 4 24 124 Snider Pkg 8 224 21 214 - *. 154 104 Socony-Vac’m 50g 48 124 12 12 - 4 30 234 Southn Cal Ed 1.50a 7 294 29*. 29*. - 4 21*4 104 Southern Pacific — 20 14*. 14*4 144 — *» 234 114 Southern Railway.. 18 194 18*. 18*. - 4 36*4 154 Southern Rwy pt .. 5 33 324 324 - 4 3*4 14 Sparks Withington. 3 24 24 24 - 4 514 36 Sperry Corp <2g)—. 14 444 43 V. 44 — *4 344 11 Spicer Mfg (2g).. 3 324 32 . 32 -1*4 53 42 Spicer Mfg pf A (J) 40a 53 53 53 +1 164 84 Spiegel, Inc <.15e) . 5 104 10% 104- 4 754 57*. Spiegel. Inc pf 4.50 80s 614 61 61 34V, 184 Square D Co 1.75g . 3 33 324-33 74 5*. Stand Brands .lfle . 84 6 4 6 4 6*4 44 2 Stand Gas & Eleo . 3 2*4 24 24 - 4 10*. 4% Stand G&E J4 pf 1 64 64 64 - 4 204 10 Stand G&E *6 pr pf 2 184 17*. 184 +4 25*4 13*4 Stand G&E $7 pr pf 4 224 214 21*.- 4 33*4 244 Stand Oil Cal (la).. 30 26 25*4 25*4 -4 30 22*. Stand Oil lnd (la) .. 12 27 26*4 26*. - 4 534 38 Stand OilNJ(la) 25 45*. 444 45 - 4 36 204 Starrett (LSI 1.25* 1 324 324 324 -1 80% 65 Sterling Prod (3 80) 2 804 804 804 - 4 124 64 Stewart-Warn 25g 6 84 8% 84 — 4 174 84 Stone* Webster.25g 14 124 12 12 - 4 104 54 Studebaker _ 65 10 9% 94 66 45*. Sun 011(1) - 2 59 59 59 +4 11% 74 Sunshine Min 1.60 . 3 9 4 9 4 94 - 4 384 194 Superheater (.50a). 1 26% 26s. 26% —14 34 I*. Superior Oil _ 1 24 24 24 — 4 304 224, Sulherl’d Pap 1.20 — 2 29 29 29 - *. 254 17 Swift & Co 1.20) _ 7 224 224 224 + 4 374 24% Swift Inti (2) — 3 314 31% 31% 124 44 Syming-Gould wvv. 5 9 84 84 - V. 94 34 Syming-Gould xw._ 17 7 7 74 44 Taleott (.1) .10e 1 54 54 54 64 34 Telautograph 30g . 1 44 44 44 94 4 Tennessee Corp _ 2 64 64 64 — 4 50% 324 Texas Corp (2) 28 464 454 454 — 4 5% 34 Tex Gulf Prod 20g. 14 4 4 384 26 Tex Gulf Sul (2) - 11 35 344 344-4 114 7 Tex Pac r&O (.40). 2 84 84 84 -4 9 5*. Tex Pac Ed Tr.lOg .. 5 6 6 6 -4 6 24 Thermoid ... 7 44 44 44 34 14 Third Avenue ... 9 34 34 3'. - 4 4% 2% Thompson (JR)_ 2 44 44 44 + 4 334 17 Thomp Prod (1 ) 4 28% 284 284 3% 1% Thompson-Starrett 3 2% 2% 2% - % 18% 7% Thompson-Starr pf 4 18% 17% 17% 14% 9% Tide Wat A O S'lg i II 10% 10% - % 25 10% Timken-Det Ax(2g) 11 2.3 22% 23 - % 54% 34% Timken R B 2 Slip 3 49% 49 49 - % 8% 5 Transamerlca (.50) 4 6% 6% 6% + % 14% 6% Transcontl & W Air 15 13% 13 13% - % 4% 2 Tri-Continental ... 14 2% 2% 2% - % 88 74 Tri-Cont’l pf («) .. 1 78% 78% 78%+ % 7% 3 Truax-Traor Coal.. 2 5 4% 4% — % 26% 11% 20th Century Fox.. 6 13 12% 12% - % 4% % Ulen & Co . 3 1% 1% 1% + % 66 34% Underw-Ell-F (2) . 11 44% 43% 44% 41 14% 6 Union P.ap & Paper 54 14% 13*4 14% - % 94% 65% Union Carb (,50e) 15 86% 86 86% - % 19% 15% Union Oil (Cal) 25e x 10 17 16% 16% - % 105 81% Union Pacific (6) 2 95 94% 94% • 90 78 Union Pac pf (4) . 1 85% 85% 85% 24% 20% Un Tank Car 1 20a 12 23% 23 23 - % 51 31 Unit Aircraft (2g> 37 46 45% 45% -1% 16% 7% Unit Air Lines 50 15% 15% 15% - % 69% 52 United Carbon (3) 3 59% 59 59 —1% 3% 2 Unit Corn .. ' 20 2% 2% 2% - % 40 30% United Corp pf (3) . 24 38% 38% 38% - % 7% 4% Unit Drue . 2 5% 5% 5% + % 8% 3% Unit Electric Coal 2 5 5 5 - % 95 62% United Fruit (4) 2 85% 85% 85% + % 15 II Unit Gas Imp (1) . 21 15 14% 14% - % 14 6% Unit Mer & Mfp 10 12% 12% 12% - H 7% 3% Unit Paperboard l 5% 5% 5% - % 16% 5 II S Distributing pf 20s 8% 8 8 + % 11 5% 11 Sft For’n Secur 2 6% 6*. 6'. — % 87% 75 U S& For Sec pf<6) 1 80% 80% 80%+ % 14 5% U S Freight ( 50g) 1 9% 9% 9% - % 113 65% U S Gvpsum (2a) 10 86% 85 86 - Vi 7% 4 ' US 14 off man 3 5 5 5 ‘.’9% 13% U S Indus Alcohol 5 25 24% 24% - % 15% 5% US Leather (A) .1 10 10% 10% - *. 6% 1%' U S Realty & Imlrl 6 1% 1% 1% 52% 91% U S Rubber 66 38% 38% 38% - % 114% 86% U S Rub 1st pf(12pi 4 112*. Ill' 112 -1 «2% 41% US Steel 91 65% 64% 64% - % 120% 98% IT S Steel pf (7) 4 117% 117% 117% - % 371- 30 U S Tobacco 1.76p 1 37 37 37 46% 39 U S Tobacco pf 1.75 10s 45 45 45 4 1% Unit Stockyards 1 2% 2% 2% 8% 6% Unit Stkvds pf 70 1 6% 6% 6% — 2% 1% United Stores (A) 12 2 2 17 9 Univ-CycIops (Ip) 1 14% 14% 14', — % 78 45% Univ Pictu 1st pf 110s 71 70 70% +1% 1 % Vadsco Sales 1 % % % 21 16 Vadsco Sales pf 20s 17% 16% 17%. +1% 40 16 Vanadium (lgi 8 32% 31% 32 40 25 Van Raalte (2 50a) 2 37% 37 37 - V, 46 34% Vick Chemical (2a) 1 45% 45% 45% — % 31 181.4 Victor Cheai 1 40c 2 30*. 20% 30', + *. 5% 2% \'a-Caro Chem 3 3% 3', 3*, — % 33*. 17 Va-Caro Them pf 2 29*. 29". 29*,+ % 118 112% Va Elec Pwr pf (6) l"s 117', 117', 117% - % 47*. 45% Virginian Rw v 1 48 48 48 + % 23*. lR% Walgreen (1.60) 2 21% 21% 21% + % 98', 85 Walgreen pf <4.50) 1 97% 97% 97% - % 50". 30% Walker (H) 14 ) 4 34*. 34% 34%+ % 9% 4 Walworth Co 5 6 6 6 14% 7% Ward Raking (A) . 2 9 8*. 9 + % 2% H, Ward Raking (B) 1 1% 1% 1% 44 21 Ward Bak pf 1 r.Od 5 24% 21 24 - % 6% 3% Warner Bros Piet . 8 3% 3*. 3*. - % 1 24% 14*. Waukesha Mot (1) 3 19% 19*. 19*. - % 32*. 20 Wayne Pump ,50e . I 23*. 23*. 23*. - V. 4% 1% Webster Eisenlohr 14 4 4 28% 16 Wesson Oil & Snow 4 2G*. 26 26 - *4 79 55% Wesson O&S pf (4) 2 75 74', 75 +1% 107% 85 West PennE(A>(7) 40s 107 106*. 107 +1 108 88 West Penn E pf (6) 40s 108 107'. 107% - % 114 95 West Penn E Pf<7) 70s 112". 112% 112% 115 105% W Penn Pw pf 4.50 1 114% 114*. 114% - % 19%. 15% W Va Pulp & P ,05e 2 18% 18% 18% - % 36% 20% West’n AutoS (2a) 2 36 36 36 - % 6*. 2% .West’n Maryland 1 4% 4% 4% 37 16% West’n Union Tel 9 26% 26% 26% _ *, 37% 18% Westh'se A B 625g 5 26% 26% 26% - % 121 82% Westhse Elec 3 50g 4 114% 114 114 -% 145 126 Westhse El pf(3.50) 30s 138 137 138 29% 10% Weston El Inst lg 3 28% 28 28 - V* 39% 15% Westvaco (la) 2 35% 35 35% 39% 29 Westvaco pf (1.50) x t 37 37 37 -1% 38% 15% Wheeling Steel 2 31% 31% 31%- % 12% 8% White Dental (.60) . 1 9% 9% 9% + % 15'. 7 White Motor 2 13% 12% 12% - % 7 3% White Rock (,50g) 2 6% 6 6 5% I*. White Sewing Mch 30 5% 5% 5% + % 22 14 White Sew prpf 50e 2 21% 20% 20% -1 4% 2% Wilcox Oil & Gas 3 3% 3% 3% - Vi 3% 1 Willys-Overland 4 l*i 1% 1% - % 6% 2% Willys-Overl’d pf 1 3% 3% 3% + % 7% 2% Wilson & Co 1 5% 5% 5% - % 60% 32 Wilson&Co pf 2.2nd 1 52% 52% 52V*- 4. 116 105% Wise EP&I, pf (6) 10s 116 116 116 31*. 15 Woodward Iron 14 24% 23% 23*. — *, 50% 36 Wool worth (2.40) 50 40% 40 40% + % 23% 10% Worthington Pump 9 21 20% 20% - % 53% 31% Worth P cv pr of 1 49 49 49 -1% 124% 85 Wright Aero (2g).. 50s 111 110 110 -1 89 75 Wrigley (3a) 1 87 87 87 - % 33% 18% Yale & Towne(.60a) 2 23% 23% 23%-% 21% 11% Yellow Truck 31 19% 18% 18% - % 127 98 Yellow Tr’k pf (7) 10*116 116 116 21% 9% Young Spg & Wire 1 11% 11% 11% - Vi 56% 30 Ygstwn Sheet & T 20 45% 45 45%- % 92 74 Ygstn S&T pf 5.50 1 89 89 89 34 17 Ygstwn Stl Dr (lg) 2 26% 26 26% 22% 12 Zenith Radio (lg) 2 16% 16 16% - % c-efttnuximuie juicsui jiuoies uri me Is i. jiuv.iv exenunye 11:00 A.M 160.000 12:00 Noon_ 360.000 1:00 P.M 470.000 2:00 P.M _ 530.000 s Unit of trading. 10 shares. r In bankruptcy or receivership or being reorganised under Bankruptcy Act. or securities assumed by such companies. Rates of dividend in the foregoing table are annual dis bursements based on the last quarterly or semi-annual declara tion. Unless otherwise noted, special or extra dividends are not included. xd Ex Dividend xr Ex rights a Also extra nr extras, d Accumulated dividends Daid last year, e Declared or paid so fai this vear. f Payable In stock g Paid last year, h Cash or stock, k Accumulated dividends paid or declared this year California Keeps Lead In Gold Production By the Associated Pre California easily retained its championship as a gold producer and Idaho handily won again the silver mining crown in 1939. Their performance were shown in production figures of the Mint Bureau yesterday. The figures also showed that domestic gold produc tion last year totaling 5,579,931 ounces valued at $195,297,600, was the highest in history, surpassing the previous record year of 1938 by about $23,000,000. Silver production totaled 64,938, 093 ounces worth $44,079,190, which was about $3,500,000 more than in 1938, but about 10,000,000 ounces less than in the record year of 1915. The 1939 silver value was greater than 1915, however, because of ' higher prices. The 10 leading gold-producing 4 States and territories in order, were | California, Philippine Islands, Al aska. South Dakota, Colorado, Nev ada, Arizona, Utah, Montana and j Idaho. This ranking was about the same as in 1938, except that Nevada passed Arizona by a slight margin. The 1939 silver rankings were Idaho, Utah, Montana, Colorado, | Arizona, Nevada, California, New Mexico, Texas and Philippine Islands. In this year, Montana passed Colorado and Arizona and moved up from fifth to third place, while New Mexico moved ui# a notch over Texas. Listed Bond Values Higher at Year-End B» the Associated Press. NEW YORK. Jan. 9 —The bond market closed out 1939 with a total market value of $49,919,813,386 for the 1,395 issues listed in the New' York Stock Exchange, a compila tion issued by the exchange dis closed yesterday. This compared with 1,393 issues having a market value of $47,053,034,224 at the end of 1938. At the end of November, 1939, a total of 1,396 issues had a market value of $47,839,377,778. United States Treasury Position By the Associated Press. The position of the Treasury January H compared with comparable date a year ago: January ft. 1940. January 7. 1939. Receipts _ $15,010,055.27 $14,723,017.80 Expenditures _—. 27,047,813.00 27,615.319.48 Net balance ... 2.442.736,301.98 3.035.954.737.89 Working balance included - 1,733.780.371.83 2,400,096.210.02 Customs receipts for month - 11.709.432.16 5.138.446.36 Receipts for fiscal year (July 1>_ 2.827.727.501.97 3.009.138,616.70 Expenditures - 4.943.439.130.68 4.745.284.130.59 Excess of expenditures _„_ 2.115 711.637.71 1.7.36,145,519.83 Gross ddbt _. 42.001.580,448.70 39.502,543.964.78 Increase over previous day- 11.014.501.22 Gold asg^fal_ 17,736,898,882.38 14,689.904.482.22 * Stock Losses Reduced . As Support Arrives Late in Session Small Gains Scattered Through List at Day's Close Stock Averages 30 15 15 30 Indust. Rails. Util. Stks. Net change —3 —.3 —.1 —.3 Today, noon 73.1 19.7 40.3 51.3 Prev." day.- 73.4 20.0 40.4 51.6 Month ago 71.3 19.9 39.1 50.2 Year ago . 75.<J 22.3 36.6 52.0 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.. 4912 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 iCompiled by the Associated Press.) t. Bv VICTOR EUBANK, Associ»ted Press Financial Writer. NEW YORK, Jan. 9.—The stock market suffered a sinking spell to day but revived partially at the last under belated buying treat ment. Modest advances were fairly well distributed at the start. Dealings were sluggish and. when the feeble rally failed to follow through, suf ficient selling pressure appeared around midday to knock down leaders fractions to more than 2 points Volume picked up on the setback and. for a time, it looked as though a real old-lashioned wash out was under way. The flurry proved short-lived and dealings soon slowed as support began to crop up for favorites. At the close extreme declines were W'ell reduced in most cases and. here and there, plus signs were in evidence. Transfers were in the neighbor hood of 700,000 shares. Brokers attributed the forenoon tumble mainly to shelving of com mitments by tired holders who had turned bearish because of the recent inability of the market to climb out of the rut. Growing fears in some quarters of a sizeable spring busi ness recession also clouded specu lative sentiment, despite the ex ceptional showings of major cor porations in all lines during the final 1939 month. Thoughts of a long drawn out Congress and lack of clear-cut political omens helped to muddy the financial scene. Prominent on the downside tne greater part of the day—some came back at the finish—were United States Steel. Bethlehem. Chrysler, Sears-Roebuck. Douglas Aircraft, United Aircraft. Du Pont. Allied Chemical. Great Northern. Ameri can Smelting and Loft. Cluett-Peabody. New York Ship building. International Mercantile Marine and Woolworth were in the resistant class. ^ Chicago Grain « By the Associated Press. CHICAGO. Jan. 9 —After an ad vance of almost a cent, wheat prices today resumed the decline which has ^ been under way the past week, wip ing out early gains and tumbling about 2 cents below previous closing levels. Prices were the lowest in two weeks. Some selling here was attributed to spreading operations against pur | chases at Winnipeg, where wheat is much cheaper, and reports that the Canadian Wheat Board was offering grain there increased offerings in the Chicago market. The decline uncovered numerous stop-loss or ders which were put into execution, augmenting the selling. Buenos Aires prices declined about 2 cents. Wheat here closed l*»-2 cents lower than yesterday, May $101'*-V July 98-\-V Com down. May 58Vt-'Ss, July 59-587g. Oats >g-’2 lower. WHEAT— Open. Huh. Low. Close. Mav 1.0.1 i nn7. 1.01'-a l.Oltj-'s Julv 1.00 1.01 S, .Os'. Os5,--, Sep .HO5, 1.0(1*, .os .OS-OS', CORN— ' Mav .59 .59% .58% .58%-% July .59% .*'0 .58% .59-58% i Sep .60% .60% .59% .59% OATS— ! May .40 .40% .39% .39% July .35% .35% .34% 34% 1 Sep .33% .33% .32% .32% I SCY BEANS— ! May 1.18 1.19 1.16% 1.16% July 1.16% 116% 1.13*4 1.13% RYE— May .72*2 .73% .71% .72% July _ .71% .72% .70% .,1% Sep. _ .711* .72% .70% .71% ** LARD— Jan. _ _ - 5.85 Mar 6 37 6.40 6.30 6.30 May 6 55 6.57 6.47 6.47 Julv 6.72 6.75 6.65 6.65 Sep 6.90 6.90 6.80 6.80 BELLIES— Jan. 6.15 Chicaro Cash Market. Cash wheat, sample hard. 1.02; sample yellow, hard. 1.02. Corn. No. 2 mixed. 65; No 1 yellow. 59%-60: No. 2. 5P%-%; No. 3. 58*2-59; No 1 white, 65%; No. 2. 65%; sample best grade. w'hite. 57%. Oats, No. 3 mixed. 43; No. 2 white. 44*4-%; No 3. 43%: sample grade white. 42. Bar lev. malting. 54-67 nominal; feed, 45-50 nominal; No. 1 barley. 57. Soy beans. No. 2 yellow. 1 18-1.18%. Timothy seed. 4.40-65 nominal. Red clover, 12 50-15.00 nominal. Red top. 8.50-9 00 nominal. Alsike. 14.00-17.00 nominal. Alfalfa. 17.50-22.50 nominal. Winnipeg Price*. WINNIPEG. Jan. 9 i/P».——Grain range today: WHEAT— Prev. High. Low Close. Close Mav .87% .86% .86% .86% July .88% .87% 87% .87% October _ .89% .88% .88% .89 OATS— May _ .40V. .39% .39% .39% Baltimore Quotations. BALTIMORE. Jan 9 </P>.—Wheat. No 2 red. winter, garlicky, spot, domestic. 1.12V4. New York Cotton By the Associated Press. NEW YORK. Jan. 9 —Wall Street and sonthern liquidation made for an easier trend in cotton futures today. Moderate declines abroad and an easier stock market caused buyers to hesitate and the market I received only mediocre support from locals, trade and foreign accounts. Late prices were 4 to 11 lower; [ March (old), 11.09; July (old), 10.43; j December (new), 9.89. Cottonseed Oil. Blrachable cottonseed oil futures flue* lusted nervously within s 5-pnint ranee in forenoon dealings today. Declines in se curities. hoes and lard more than offset steadiness in crude oil and rallies In grains. Midday prices ruled A to 7 points lower. March. 7.04; May. 7.14; July. 7.24. Crude oil was quoted 8 cents bid in the Southeast. Valley and Texas. New Orleans Prices. NEW ORLEANS. Jan. 9 (/Pi.—Cotton fu tures developed a downward tendency here today due to weakness In foreign markets and long liquidation. At noon trading was quiet and prices were 3 to 10 points net higher. * High. Low. Last. January 11.29 11.29 11.29 March _.... 11.22 11.18 11.18 May __ . 10.92 10.88 10.89 July . 10.57 10.50 10.53 October _ 10.08 0.98 9 98 December 10.00 9.93 9.93 Cottonseed *11 opened steady: January. 8.50b; March. 8.57b; May, 6.68b; July. 8,78b. b Bid.