Evening star. [volume] (Washington, D.C.) 1854-1972, March 14, 1940, Image 20

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Evening star. [volume], March 14, 1940, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 14 March 1940. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1940-03-14/ed-1/seq-20/>

Newspaper Page Text

Peoples Drug Plans
2-for-1 Splitup
In Common
Reduced Par Value
Expected to Increase
Distribution
By EDWARD C. STONE.
Directors of Peoples Drug Stores,
Inc., announced a plan today to re
duee the par value of the common
stock from $10 per share to $5 a
share and Issue two shares for one
outstanding. The purpose of the
move is to give the stock far wider
distribution.
According to the annual report,
Just distributed, there are 245,474
shares of common stock now out
standing, all the preferred stock hav
ing been redeemed during the past
year. The new plan will increase the
amount of common stock to about
800,000 shares.
Announcement of the proposal is
contained in the notice of the annual
meeting, which takes place on Tues
day, March 26. The common stock is
listed on the Washington Stock Ex- i
change and also on the New York'
Exchange. It closed in New York
yesterday at 39%, a gain of 1% points
on the day and a new high for 1940.
The notice to stockholders also
mentions a proposal to change the
by-laws of the company and create
the office of chairman of the board.
If the plan is adopted, the office can
be filled now or later. Malcolm G.
Gibbs, president of Peoples Drug, has
been out of the city for some time
and could not be reached today for
a statement on how soon the chair
manship might be filled.
Large Bond Delegation Seen.
Between 20 and 25 leading Wash
ington bankers are planning to at
tend the Richmond Bond Confer
ence which takes place at the Fed
W. R. Forster.
eral Reserve
Bank in the Vir
ginia Capital
next Wednesday
and Thursday,
W. R. Forster,
vice president of
the Hamilton
National Bank,
announced to
day. Mr. For
ster is represent
ing the District
Bankers Associa •
tion on the
General Com
mittee arrang
ing for the meet
ing. He said today that Wash
ington financiers are showing un
usual interest in the conference pro
gram.
The conference, which is for
bankers in the Fifth Federal Reserve
District, will be devoted largely to
the study of the present investment
bond situation. C. L. Robey, last
year’s president of the Virginia
Bankers’ Association, is chairman of
the conference.
Hugh Leach, president of the
Federal Reserve Bank of Richmond,
is among the speakers. The ban
quet speaker will be the Minister of
Finland to the United States, Hjal
mar J. Procope, and Frederick P.
H. Siddons, secretary of the Ameri
can Security & Trust Co. is to pre
side at one of the afternoon ses
sions.
The complete Washington dele
gation will be announced shortly.
Bank Creates Two New Offices
Directors of the Bank of Com
merce and Savings yesterday elected
Helen R. Sharpe assistant secretary
and George L. C. Scheirer assistant
manager oi me
branch at H and
North Capitol
streets. The two
offices were cre
ated to take care
of expanding
business.
Mrs. Sharpe is
a native of
Washington and
Joined the staff
of the bank in
1930. She was
formerly chair
man of the Safe
Deposit Section
of the District of
Helen H. Shnrpe.
Columbia Bankers Association ana
was the first woman to hold this
office.
Mr. Scheirer is a native of New
York City. He attended Temple
and Northwestern universities and
Is a graduate of Strayer College from
which he received his degree in
Bachelor of Science in Commerce.
He was formerly associated with
banks in New York and Chicago and
has been with the Bank of Com
merce and Savings for five and one
half years.
Directors of the bank also declared
the usual quarterly dividend of $2.50
per share payable March 30 to stock
holders of record March 20. For
several years the bank has been
paying an annual dividend of $15
a share, paying $2.50 each quarter
and an extra dividend of $2.50 on
June 30 and December 31.
Bell System Stock Holdings.
The annual report of the Ameri
can Telephone & Telegraph Co.
shows that the company holds all
the $20,000,000 common stock of the
Chesapeake & Potomac Telephone
Co., $35,000,000 common stock in the
Chesapeake & Potomac Telephone of
Baltimore City, $24,000,000 Chesa
peake & Potomac Telephone Co. of
Virginia and $16,000,000 in the
Chesapeake & Potomac Telephone
Co. of West Virginia.
During 1939, the Bell System
gained 775,000 telephones compared
with 430.000 in 1938 and 876,000 in
1937. At the end of the year an
all time high of 16,536,000 telephones
In service was reached.
Security Bank Votes Dividend.
Directors of the Security Savings
A Commercial Bank have declared
a semi-annual dividend of 4 per cent,
payable March 30 to stockholders of
record March 25, President Francis
O. Addison, jr., announced today.
John R. Waller, president of the
International Bank, Jackson place,
has returned from an extended
winter vacation in Miami, Fla.
J. E. McCombs, general agent of
the Berkshire Life Insurance Co.;
John Murply, jr., and Lafayette
Franklin, jr., are attending the com
pany’s annual convention at the
Mlami-Blltmore Hotel, Miami.
Commissioner Robert E. Healy of
the Securities and Exchange Com
mission will attend the annual din
ner of the New York Security Deal
ers’ Association on March 26.
Today’s Trading on Exchange.
Capital Traction 5s were strong
on the Washington Stock Exchange
today, selling at 101,101% and 101 y2.
Capital Transit stock moved at
15'/*, Security Storage at 96, Wash
ington Oas Light common at 28 y2
and Washington Railway A Electric
preferred at 116)4. W
TRANSACTIONS ON THE NEW YORK STOCK
EXCHANGE
By Private Wire Direct te The Star.
2:30 P.B.
Prev. 1940 Stock end Selte— Ret.
Hleh Low Dividend Rate Add 00 Rich Low Cloae. chew
70V* 67*4 Abbott L*b (1.80a.) 7 68*4 6814 68% + *4
9 7% Adams Exp <.25g).. 1 714 714 714
24*4 21 Adams-MUlfe (1)— 23 26*4 24*4 26*4 +114
3914 17*4 Addressog'ph 1.40.. 2 17** 17*4 17*4 - 14
5814 4814 Air Reduction (la). 12 4914 4914 49*4
7 6 Alaska Juneau .15a. 5 614 6 6
314 *4 Alleghany Corp __ 2 14 14 14—14
14*4 10*4 Ailegh’y $30 pf ww. 26 13*4 1214 IS + %
12 9 Allegh’y $40 pf ww. 1 1114 liy* 1114+14
1214 914 Alleghany pf iw— . 4 1114 1014 1114 + *4
16V* 13** Allegh’y prior pf.__ 11 17 1514 1614 +114
2314 18V* Alleg-Ludlum .25a.. 3 22*4 2214 22*4 + 14
1114 914 Allen lndust (lg).. 1 11 n 11
180 171 Allied Chem (6)_ 6 179 17814 179 +1
15 13% Allied Mills Ug)___ 1 1314 1314 1314
9*4 714 Allied Stores ... 6 814 814 814
68 63** Allied Stores pf(5). 2 68 68 68 + 14
41% 3614 Allia-Chalmers .25e 3 37*4 37*4 37*4 + 14
6514 41** Am Airlines _ 24 65** 6414 66
1114 1014 Am Bank Note_ 9 1014 10 1014
50 46 Am Bank N pf (3).^ 20s 4614 4614 46%
45*« 38*4 Am Brake Sh (la).. 2 4214 42 42 —1*4
132 13014 Am Br Shoe pf 5.25. 20s 132 131 132 +1
11614112 Am Can M) .. 2 11414 11414 11414 -1
321* 23*4 Am Car & Foundry. 3 25*4 2514 2514 - 14
23'4 19*« Am Chain & C .40e.. 4 20V* 20 20 — *4
9*4 6 Am Colortype .25e x 1 8V» 814 814
814 6*4 Am Comc’l Alcohol. 4 7(4 614 614 — 14
14*4 1014 Am Crystal Sugar .. 2 13v; 13 1314 + V*
2% 1H Am & Foreign Pwr. 1 1** 1*4 1** + 14
24V* 18 Am&F P 67. pf ,30k. 1 18** 18** 18** + 14
28V* 21*4 Am&FP 77. pf 35k 2 2214 22V* 2214 - *«
36** 2814 Am-Hawla'n SS (1) x 9 31 3014 3014 +114
614 414 Am Hide & Leather. 3 414 4** 414 - V4
60V* 56V* Am Home Pr (2.40). 1 69V* 6914 69V*
3V* 2*4 Am Ice .. 2 3 3 3 + 14
4114 4014 Am Inv of 111 2.40 . 2 42 41*4 41&
52V* 60** Am Invl111)pf 2.60. x 1 5214 52(4 6214+1%
22*4 1814 Am Locomotive .. 3 21 201* 201*
60 5114 Am Locomotive pf.. 1 65 65 66 —1
3*4 2** Am Mach & Metals. 2 2*4 2*4 2*4 - 14
2414 22*, Am Metals i.76e)... 13 23** 231* 23% — *4
26 23*4 Am News (.50e).... 60s 26 25*4 26 + %
614 31* Am Power & Light. 10 3% 3*4 314
54 43 Am P&L$5pf 1.875k 4 4514 45 4514 + 14
6314 6114 Am P&L $6 pf 2.25k 1 64 54 64
10*, 9 Am Radiator 65 914 8% 8% — 14
163 155 Am Radiator pf (7) 40s 158 158 168 -4
1714 1414 Am Rolling Mills 6 1414 14*4 14% + %
12** 1114 Am Safety Raz 1.20 x 1 12% 12% 12V4 + is
34 29*4 Am Ship Bldg 1.60g 30s 31% 31% 31% - V*
52% 46 Am Sm & Ref 50e.. 14 50% 49** 50 + %
70 68 Am Snuff (3a) 2 68 68 68
33*4 26% Am Steel Fdry .25e x 4 28% 27(4 27*4 - %
13% 12 Am Stores l.25e)... 2 13% 13% 13%+ %
1714 15 Am Stove (,25e) ... 1 16% 16% 16%
93 81 Am Sugar R pf (7). 1 88 88 88 - %
175% 167*4 Am Tel & Tel (9).. x 17 173 171*4 172%
89 85 Am Tobacco (5) .. 2 88% 87% 87% - **
90*4 86*4 Am Tobacco!BUS). 6 90** 90V* 90% — %
150% 146% Am Tobacco pf 16). 1 147 147 147 —1
6% 5 Am Type Founders. 1 6V4 5% 6% - %
12% 9 Am Water Works_ 20 9% 9 9 — %
9% 7% Am Woolen_ 2 7% 7% 7** - %
7** 5** Am Zinc 2 6*» 6% 6% - V*
31% 26% Anaconda !.25e) ... 27 28*» 28V* 28%
22*4 19 Anchor Hoc G1 70g. 7 22% 22% 22%
114 111% Anchor H G pf 6.60. 60s 112% 112*4 112% + «4
15 11 Andes Copper .25e_. 1 13 13 13 —1%
6% 6% Armour ill!) .. 7 5*4 5*4 5% - %
41 37 Armstrong C”k .25e. 2 39% 39% 39%
9% 8% Artloom Corp _ 1 8% 8% 8% - %
9 7% Assoc Dry Goods_ 7 7% 7% 7% - V*
44 36% Assoc Invest (2) _. x l 43 43 43 — %
100% 97% Assoc Invest pf (5) x 50g 100% 100% 100% +1
25V4 22% Atch Top&Santa Fe 2 22*4 22% 22%
54% 50% Atch T&SF pf 2.60e. 1 53 53 53 -1
231, 17% Atl Coast Line_ 4 17*4 16** 16*4 - *4
23% 20% Ati Refining (1)_ 3 22% 22% 22%
9% 8% Atlas Corp ( 50g)_ 12 9% 9% 9%
51 47% Atlas Corp pf (3)_ 2 49% 49 49V* + *4
2% 1% Auburn Auto (r).__ 3 1% 1% 1%
5V, 1% Auatin Nichols_ 3 4% 4% 4% — %
7% 6 Aviation Corp _ 15 6% 6% 6% + %
is nil tsatawin l,oco ctri_. 5 15% 15% 15% - %
6% 5 Baltl & Ohio (r) ... 2 5 5 5
8 64 Baltl & Ohio pf (r)_ 1 64 64 64
144 11 Vi Bangor'& Arstook . 1 11% 11% 11% 4. 4
15% 13% Barber Asphalt .25* 2 14% 14% 14% — %
13% 10% Barnsdall Oil 15e . 3 11% 114 11V*
32 25% Bayuk Cigar 25e 2 31% 314 31%
127 122 Beech-Nut Pgk 14a) 2 126 126 126 42%
34% 26% Bendix Avlat'n 60e 27 334 33 33 — %
224 21 Beneficial Loan .45ex 10 22 21% 22 4-4
83Vi 704 Bethlehem Stl (le). 11 76% 75% 75%
11% 9% Blaw Knox ._ 4 104 10 10 4- 4
254 21% Boeing Airplane 8 224 22% 22%
27% 214 Bohn Alum’n (,25e) x 2 26V* 26 26 — %
66% 62 Bon Am) (B> 2.50a. 110s 66% 66% 66%
244 22 Bond Stores (1.60). 2 244 244 244
23% 21% Borden Co ( 30e> ._ 3 23% 23% 23%
254 22 Borg- Warner .25a.. x 26 22% 224 224 — 4
35% 314 Bower Roll B (3)... 1 334 334 334 -%
22% 194 Briggs Mfg (,60e) . 11 22 214 214 - 4
22% 134 Bklyn-Man Transit 38 22% 224 22% - %
934 49 Bklyn-Man Tran pf. 4 89 86% 86% -5%
60% 48 Bklyn-Man pf ctfa. 14 604 60% 60%+%
2% 14 Bklyn & Queens .. 11 24 2% 24 + 4
18% 12V* Bklyn & Qu pf ctfs. 5 18% 18% 18%+ 4
257* 21V* Brunswick-B .25e 1 24% 24% 24%
104 8% Bucyrus-Er1e i.FiOg) 2 9% 9% 9%
105 101% Bucyrus-Epf (7)... 20s 1064 1064 1064 +14
6% 54 Budd Mig _ 11 54 5 6 — 4
44% 394 Budd Mfg pf- 40s 404 40 40
6% 4% Budd Wheel - 6 6% 54 6% + 4
26 20 Bullard Co ( 25e) .. 1 24% 24% 24%-%
33 28% Bulova Watch (2a). 2 324 324 324
21% 18 Burlington M (1) ... 12 204 19% 204 + 4
124 11% Burr’s Add M .20e_. 4 114 11% 11% — 4
44 3% Bush Terminal ... 2 34 3% 3% - 4
12% 94 Bush T Bldgs pf_ 10s 9% 9% 9% — %
7% 6% Butler Bros (.15e).. 1 6% 6% 6%
44 3% Butte Copper _ 1 34 34 34 — 4
264 234 California Packing. 5 25 244 2474 — %
174 14 Callahan Zinc . 13 14 1% 1% - 4
84 64 Calumet & Hec 25e. 17 7 7 — %
16% 13V* Campbell Wy 40e . 2 144 144 144 + %
22% 164 Canada Dry l.50g). 20 214 204 204 — %
39% 36 Canada South’n(3). 60s 38 38 38
6% 4% Canadian Pacific 40 6% 6 6—4
404 37% Cannon Mills (.50e). 1 3874 384 3874 - 4
42% 384 Cap Adm pf A «3)_10s 424 424 424 +4
89% 86% Caro-Clin & U (5).. 40s 864 864 864 -t 1
75 66 Case (Jl) Co 1 69% 69% 69% +1
564 47% Caterpillar Trae(2) 7 61 51 51
3174 26% Celanese Corp 60a x 28 30% 29% 2974 — 4
1154 1074 Celanese pr pf (7) x 20s 1144 1144 1144 +1%
124 974 Celotex Corp 3 104 10% 10% + 4
66% 62 Celotex Corp pf (5). 40s 65V* 65% 65%
24% 21% Cent Aguirre (1.50) 4 24 234 234 — %
3% 2% Central Foundry _ 1 274 27a 24 + 4
64 4% Central RR of N J.. 1 4% 4% 4% 4. %
414 37 Cerro da Pasco (le) 14 394 38% 394 +1%
8% 64 Certaln-teed _ 3 6% 64 64 — 4
36% 27% Certain-teed pf 20s 32 32 32
26% 214 Champ Pap & F ,15e 1 22% 22% 22%
4% 4% Chesh peake Corp (r 8 4% 4% 4%
42% 38% Ches & Ohio (2.60). 16 394 394 39% + y*
% 4 Chi M St PA P <r)_. 2 4 4 4 - 4,
% 4 Chi M St P&Ppf(r). 1 v« % % 4. ^
% % Chl& Northw’n (r). 1 % % 4 — 4,
14% 11% Chi Pneu Tool .. 2 12 114 114 + 4
50 46 Chi Pn T pr pf 2.50. 2 49% 49% 49% — %
% 4 Chi RI&P 6% pf(r). 14 4 4
% 4 Chi Rl&P 7% pf(r). 1 Vi 4 4
91% 794 Chrysler Corp 1.25e 17 86% 86 86% — 4
14% 12% City lea & Fuel 30e x 6 14 134 14 + jl
98 93 City l&F pf (6.50).. 40s 94 94 94^ +1
3% 3 City Stores _ 13 3 3
38% 28 Clark Equip (la) .. 5 37% 37 37%
43% 354 Clev Graphite!.40e) 5 414 414 41%+ 4
39% 354 Climax Molyb 1.20. x 6 394 39% 39% — +
454 354 Cluett Peab i.SOe).. 6 43% 434 434— %
63 61 Coca-Cola (A) (3).. 1 62% 62% 62% + 4
20 16% Colgate-Pal-P (.50) 8 184 18% 18% - 4
1064 103Vi Colg Pal-P pf («).. 14 103% 1034 1034 - 4
19% 17% Colo Fuel & Iron _ 1 18% lg% 18% — vt
26% 23 ColumBC(A) 45e. 13 257a 25% 25%-%
26% 22% Colum B C (B> 45e. 5 254 25% 25%
7% 5% Columbia Gas & El. 38 6 6% 6% — %
84 6% Columb Pie vtc .. 11 8% 8 g% + 4
23'a 194 Columb Pic pf 2.75_. 4 224 22% 224 + 4
964 877i Coiumb n Carb (le) 1 96 96 96 —4
48 454 Cornel Credit (4)_ 7 46% 46 46%
55% 51% Cornel Inv Tr (4)— 8 554 64% 554 +%
15% 13 Cornel Solvents_ 37 14% 14 14 — %
32% 304 Comwlth Ed (1.80). 68 324 32 324
1% 1 Comwlth & South’11. 12 14 1 1
HOI/. COW »l*k 0 n _A . a 1 r an., a. ....
'<»% bZH comwlth A s pi <8). 5 63% 63 63%+%
24% 22% Congoleum <.25e)__ 1 23% 23% 23%
29% 25% Consol Aircraft __ 5 27% 27% 27%+ %
14% 7% Consol Cigar (76e). 10 13 12% 13 + yt
84 79 Consol Cigar pf (7). 20s 84 84 84 + %
9% 7% Consol Cop M 30g.. 12 8% 8% 8% — %
32% 30% Consol Edison (2).. 16 31% 30% 30%-%
109 107 Consol Edis pf (5).. 1 108% 108% 108% + %
1% % Consol Film 11 11
10 8% Consol Film pf ,26k x 1 9% 9% 9% + %
• 4% 3% Consol Laundries _ 1 4% 4% 4% + %
8 7 Consol Oil 1.80) . 22 7% 7% 7% — %
17% 14% Container Corp .25* 1 15% 16% 15% + %
16% 12% Conti Baking (A)._ 3 13% 13 13 + %
1% 1 Conti Baking (B)_ 1111
47% 41% Conti Can i.60e).._, 4 46% 46% 46% - %
7% 6% Conti Diamond .2 7% 7% 7%
40% 38 Conti Insur 1.60a)_. 7 40% 40% 40% + %
4% 3% Conti Motor _ 6 4 3% 3%
25 22% Conti Oil «..25e> _ 4 23 22% 22% — %
17 16% Copperweld Stl ,20e. 3 16% 16% 16% + %
53% 63% Copperweld pf 2.60. 1 53% 63% 53%—%
61% 53% Corn Exchange (8). 40s 54 53% 64 + %
65% 61% Corn Products (I).. 8 62% 61% 62 +%
6% 4% Coty. Inc i.60g) ... 6 6% 6% 6%
1% % Coty Internatl 20g_. 1 1% 1% i% + %
24% 20% Crane Co l.60g)- 8 21% 21 21 - %
7% 6% Crosley Corp — 4 7% 6% 7% + %
35% 27 Crown Cork A Seal. 6 33% 33% 33% - %
17% 16 Crown Zellerb’k.75e 2 15% 15% 16%
92% 89 Crown Zeller pf (6) 10s 90% 90% 90%
43 34% Crucible Steel ._ 2 37% 37 37 -1
8% 6% Cuban Am Sugar .. 3 6% 6% 6%
91% 79 Cub Am 8 pf <2k)._ 10s 85 85 85 - %
14% 12% Cudahy Packing 1 13% 13% 13% - %
29% 26 Cuneo Press (1.60). 1 28 28 28
46 42 Curtis Pub pf (lk). 1 43 43 43 + %
11% 9% Curtiss-Wright 88 10% 10% 10%
31% 28 Curtiss-Wr(A) ,60e 150 32% 30% 31% + %
23% • 19% Deere A Co t.76g) . 12 22 21% 21%
27% 25% Deere A Oopft 1.40) 2 26% 26% 26%-%
23% 18% Del A U j^on-2 18% 18% 16% - IT
2:30 p.B.
Prtr. 1940 Stock and Bale*— Mat.
Blah. Low Dividend Rate. Add 00. Blah. Low Close, ehse.
6% 4% Del Lack A W»„_ IS 4% 4% 4%
28% 19% DevoeARay A.JEe. 160e 19% 19% 19%
34% 83% Dlam'd Match 1.60.. 2 34% 84% 34%
43% 38% Diamond M pf 1.10. 1 39% 89% 89% - %
20 18% Dlatlll-Beagr (2) .. 3 18% 18% 18%
38 84% Dixie Vor(AM*.60) 120a 87% 87% 37%+%
21% 16% Doehler Die Casting 2 20% 20% 20%
23% 19% Dome Mines (2)_ 4 19% 19% 19%+%
86 76 Douglas Air (Sg)._ 8 82% 81 81%-1%
162 142 Dow Chemical (3%.. 2 166 156 166 -%
18% 14% Dresser Mfg (.7Sg). 1 18 18 18 - %
8 6% DunhlU Interaatl_ 1 6% 6% 6%
187% 175 DuPont <1.76e)_ 6 186% 186 186%-%
35% 26% Eastern Air Unas.. 81 35% 34% 84% - %
6% 4% Eaetn Roll Mills 16 6 6
166% 145% Eastman Kodak <•) 1 163 153 163
178 172 Eastm Kodak pf (() 20s 175 174% 175 +1
33% 27% Eaton Mfg (.76e>_ 12 33% 33% 38% + %
1% 1 Eltington Schlld ._ 2 1% 1 1 - %
39% 84% Eleo Auto Lite ,75a. 3 38% 38% 38% + %
17 13% Electric Boat 60g_. 13 14% 13% 14% + %
8% 4% Eleo Pwr A Light.. 13 6 6 5
32% 28% EleoStor Bat (2)_ 2 32 31% 32 + %
1% 1% Elk Horn Coal- 1 1% 1% 1% - %
41% 36% El Paso Nat O (2).. x 1 38 38 38 -%
46% 42 Endicott-John (1).. 1 46% 45% 45% - %
12% 8 Eng Pub Service... 14 8% 8% 8% + %
1% 1% Erie RR 2d pf (r) .. 1 1% 1% 1% - %
5 4 Eureka Vacuum Cl. 14 4 4
26% 20% Ex-Cell-O t.40e)_ 2 25% 26% 26%
44% 34% Falrb'ks Morsel la). 3 43% 43% 43%
28% 25% Fajardo Sugar .60s. 1 25% 25% 26% - %
17% 15 Fed Lt ATrac lie). 5 17% 17% 17%+%
100% 96 Fed LtATrpf <«).. 20s 99 98 99 + %
4% . 4 Fed Motor Truck ..14 4 4
1 % Fed Water Sve (A). 1 % % %— %
21% 19% Firestone Tire. 50e. 2 20 19% 19%-%
46 43% First Natl Strs 2.60. 1 44% 44% 44% + %
21 18% Fllntkote (lg). ._ 1 19% 19% 19%+%
36% 32 Florence Stove (Sg) 2 35% 35% 35%-%
24% 23% Florsheim (A)(2).. 1 24% 24% 24%+%
35 32 Food Mach (,25e)..x 1 31% 31% 31%-%
20% 17% Foster Wheeler_ 1 17% 17% 17% - %
3% 3% Galr (Robert) _ 4 3% 3 3 - %
18% 13 Gamewell Co .76e... 130s 16% 16% 16%
6 4% Gar Wood indust .. 1 4% 4% 4% + %
7 6% Gen Am Invest ,25g. 1 6% 6% 6% + %
57% 51 Gen Am Tra 2.S76g_ 1 52 52 52
8% 7% Gen Baking ( .60) .. 18 7% 7% 7% - %
145 133 Gen Baking pf (S).. 10s 135 135 135 -2
11% 9% Gen Cable _ 1 10 10 10
61 48% Gen Cable pf_ 1 60 60 60 -1
19% 17% Gen Cigar ,25e_ 2 18 17% 17% - %
116% 113% Gen Cigar pf (7)— 20s 116 116 116
41 37% Gen Electric (.S5e).x 16 38% 38% 38%+%
48% 45% Gen Foods (2) 5 47% 47% 47%+%
118% 116 Gen Foods pf (4.60) 1117 117 J17
% % Gen Gas A El (A).. 3 % % %
95% 86% Gen Mills (3.60)_ 1 93% 93% 93%+%
130% 128 Gen Mills pf (6)_ 20s 128% 128% 128% + %
• 55% 61 Gen Motor (,76e)_ 42 54% 53% 64 - sg
126 123% Gen Motors pf (5).. 7 126 126 126 +1%
6% 4% Gen Outdoor Adv... 11 5% 6% 5% - %
66% 37% Gen Out Ad A (Ik). 5 52 50% 51%-3%
10 9 Gen Print Ink lOe x 8 9% 9% 9% - %
110 109% Gen Print Ink pf (6) x 10s 110 110 110 +1%
15% 14% Gen Shoe 11.20) 1 14% 14% 14%-%
24% 19% Gen Telephone 1.20. 3 23% 23% 23%+%
23% 20% Gen Tire A R 60e .. 1 20% 20% 20% - V*
6% 6 Gillette Saf R (.60). 11 6% 6% 6% + %
61 47% Gillette S R pf (6).. 2 51% 50% 51% +1%
9 7% Gimbel Bros .. 2 7% 7% . 7%
66% 47% Gimbel Bros pf («). 1 55 55 55
19** 17 Glidden Co ( 60g)._ 1 18 18 18 - %
3% 2% Gobel (Adolf) _ 1 3% 3% 3% - %
2% 2% Goebel Brew (.20).. 2 2% 2% 2%
20% 16% Goodrich(B Flllg). 7 19% 19% 19% - V*
69% 63% Goodrich!BF)pf(5) 1 68% 68% 68%-%
24% 21% Goodyear TAR 60s. 2 23% 23% 23% - %
97% 91% Goodyear pf (5) _. 1 93 93 93 -2
4% 3% Gotham Silk Hose.. 1 3% 3% 3%
1% % Graham-Paige 22 1 1 1
8% 7% Granby Consol 25e. 3 8 8 8
35% 31% Grant (WT) 1.20e_. 6 35 34% 34%-%
24% 23% Grant (W T)pf(l).. 1 24% 24% 24%
27** 22% Great N'orth n pf .. 1 23% 23% 23%
18% 12% Grt NorOctfs 76e. 1 13% 13% 13%-%
29% 27% Great Wn Sug (2) x 1 27% 27% 27%-%
142 133% Great WnSpIUl. x 10g 1384 1384 1384 +14
344 30% Green (HL) t (2a).. 5 344 334 34 + 4
17% 16 Greyhound (1) _. 8 164 164 164 + 4
12 114 Greyhound pf (.55). 2 11% 11% 11%+ 4
284 20 Guantanamo S pf 40s 23 23 23 -1
204 174 Hall (WF) Prtg U) l 18 18 18
1034 101 Hanna(M)pf(5) 40* 1034 1034 1034
84 74 Hat Corp( A >( 1.10g) 1 74 74 74 - 4
34 34 Hayes MfgCorp _. 6 3% 3% -3% — 4
110 1074 Helme (G W)(5a).. 1 1084 1084 1084 + 24
15% 14 Hercules Mot .25e . 2 154 164 154
96 874 Hercules Powd «0e. 8 964 954 95% + 4
65 61 Hershey Choc 43) __ 1 65 65 65
604 52 Homestak* (4.60) _ *13 534 524 534 +1
144 114 Houd-Her (B) .25*. 2 134 134 134 -4
70% 674 Household Pin (4a). 1 68 68 68
1114 1084 Household P pf (5). 1110 110 110 +1
64 54 Houston Oil _ 6 5% 5% 5%
50% 474 How* Sound (3a).„ 1 484 484 484 + 4
27 23 Hudson Bay 1.75g._ 5 234 22% 22% - %
64 64 Hudson Motor__ 9 64 6 6
1 % Hupp Motor ..... 2 % % % — 4
13% 11 Illinois Central 1 104 104 104 + 4
244 214 Illinois Central pf.. 1 21% 21% 21% — 4
6% 54 Indian Refining .. 1 6% 6% 6%
29 254 Indust Rayon 76g.. 2 264 264 264 — 4
90 804 Inland Steel (le)._. 2 84 4 844 844 — 4
54 34 interboro R T (r)._ 5 34 34 34
474 40 Interchemical .40*.. 3 46% 464 464 — 4
124 9% Interlake Iron 9 9% 9% 9% — 4
1914 180 lntl Bus Mach (6a) z 2 181 180 181 - #
62% 634 lntl Harvester 1.60. 6 674 674 57% + 4
171 1574 lntl Harvest pf (7). 1 1574 1574 1574 -14
5% 3% lntl Hydro-El (A).. 2 4 34 4
11% 8% lntl Mercantile Ma. 5 94 94 94 + 4
7 6% lntl Mining (,10e) . 1 64 64 64+ 4
384 354 lntl Nickel Can 12). 21 35% 35% 354 - 4
14% 11% lntl Paper* Power 20 12V* 12 124 + 4
604 50% lntl Pap&P pf 1.25k 3 65% 554 654 - V*
36% 34% lntl Salt (1.50) ... x 1 35 35 35 -4
364 334 lntl Shoe (1.50)_x 2 33 4 33 4 334 +4
4% 3% lntl Tel & Teleg 39 44 44 44 - V*
44 3% lntl TAT for'n cfs. 8 4% 44 4%
10% 9 Interstate Dept Str. 2 9% 94 9% + 4
494 454 Jewel Tea new 2.40. 4 49% 494 49% + 4
774 69 Johns-Manville _. 2 724 724 724 + 4
20 17 Kans City So of (lg) 1 184 184 184
154 12% Kayser(J) (.25e) ._ 3 12% 12% 12% — 4
74 64 Kelsey-Hayes (B) . 1 6% 6% 6% — 4
384 344 Kennecott Cop .25*. 17 364 35% 35% — %
14% 13V* Keystone Steel ,25e 1 13V* 134 134 - V*
39 35 Kimberly-Clark (1) 2 384 384 384 + %
31 25% Kinney 65 pf (2g)30* 30% 30 30% + %
26 24V* Kresge (SS) 1.20a.. 1 254 264 254 +4
294 25 Kress (S H)(1.60).. 2 27% 27% 27% + 4
31% 284 Kroger Groo (1.60). 17 31% 314 31%+ 4
94 7% Jjaclede Gas - 20* 74 74 ,74 -4
16% 154 Lambert (.75*) - 1 164 164. 164
35% 31% Lee Rub A T (.75e). 2 33 32% 32% — %
1% 4 Leh Valley Coal _. 2 1 1 1—4
4 3 Leh Valley RR (r) 2 34 34 34
234 21 Lehman Corp (.40e) 2 224 22% 22% - 4
14 124 Lehn A Fink .25* 1 13% 13% 13% - 4
53% 48V* Libbey-Ow-F’d .60* 1 504 60V* 604 + %
74 64 Libby McN A Lib 3 7% 7V* 7%
109 105 LlggA Myers(B)4a 6 109 1084 109 + Vi
178% 172% LlggA Myers pf( 7). 1 1714 1714 1714 -14
294 25 Lima Locomotive.. 2 25% 254 254 — 4
40 364 Link-Belt U) _ ... 3 384 37% 384 -%
32% 284 Lockheed Alro (lg) 15 29% 29 294 + 4
37% 33% Loew's Ine (2)_x 12 364 35% 36+4
314 184 Loft Inc -x 36 30 29 29% + %
464 424 Lone Star Cmt (2).. 2 434 434 434 -4
4 34 Long Bell (A) . 1 3V* 34 34+4
109 106 Loose-Wiles pf (6). 10* 1064 1064 1064 +4
25 23% Lorlllard (.30*) 2 244 244 244 - *
214 164 Louis GAE (A) 1.50 1 184 184 184+4
60 554 Louis A Nash 1.25*. 2 57 57 57
35 33% MacAndAForb (2a). 1 34 34 34^
28% 24 Mack Trucks(.60g). 4 25% 25 25
30% 274 Macy (RH) Co 60*. 1 28% 28% 28% + 4
12% 11% MadisSqGar.25*.. 2 12% 12V* 12% + 4
34 2% Manat) Sugar .. 3 34 3 3 —4
74 64 Mandell Bros .50e . 1 64 64 64 -4
17 14% Man Ry mod gtdtr) 36 164 16% 164+4
16% 144 Man Ry m gtdet(r) 16 164 16% 16% - 4
354 27 Man Ry gtd (r)_ 50* 314 314 314
IV* 14 Maracaibo OH _ 1 14 14 14
6% 4% Marine MldlcH.zoe) x zb 6% & 5% + %
7% 3% Market St Ry pr pf. 1610s 8% 7 8+1
15% 13 Marshall Field .40 . 9 14% 14% 14%-%
44% 35% Martin (Glenn) lg- 25 42% 41% 42 - %
14% 7% Martin-Parry 14 12% 11% 11% - %
31% 27 Mathleson Aik 1.60. 7 26% 25% 26% - %
53% 50% May Dept Stra (3).. 2 51 50% 50%-%
16% 14% McCall Corp (1.40). 2 14% 14% 14%+%
17 14% McCrory Stra (1) x 1 16% 16% 16%-%
111 108 McCrory Stra pf(6). 1 109% 109% 109% - %
26 22% McGraw dec (1)_ 2 25% 25% 25% - %
8% 7% McGraw-Hill .15e._ 4 7% 7% 7%
47% 38% McIntyre Pore (2a). 1 39% 39% 39%+ %
12% 10% McKeesport Tin ... 3 10% 10% 10% — %
11% 10 Mead Corp _ 7 10 10 10
34% 29% Melville Shoe (.50e) 12 32% 32 32 - %
31% 28 Mesta Mach (le) ..x 5 31% 31 31%
11% 8% Miami Copper .20e. 1 10% 10% 10%
16% 13% Mid Cont Pet l.60g) 4 14% 14% 14%
120 111 MldStl lstpf (8) .. 20l 117 117 117 -1%
53% 47 Mtnn-Hon Roe (2).. 3 49% 49% 49%
110 106 Minn-Hon pf B (4). 20s 107 107 107
4% 3% Minn-Mollne Imp... 3 4 4 4
1% % Mo-Kan-Texas_ 1 % % %
4% 3 Mo-Kan-Tex pf_ 2 3 3 3
110% 104 Monsanto CD (2)— 9 111% 110% 111% +1%
118 116% Monsanto Cpf 4.60. 20s 117% 117% 117%
56 50% Mont Ward (1.75e). 14 54% 64 64% + %
30% 27% Morris * Bs (3.175) 100s 27% 27 27 -1
16 10% Motor Products 7 14% 13% 14% + %
18% 15% Motor Wheel (1.60) 2 17% 17% 17% + %
39 30 Mullins Mfgpf ... 40s 35% 35% 35%
77 67% Murphy (GC) (4) . 1 78 78 78 +1
110% 109 Murphy (GC)pf(5). 20s 111 111 111 +%
8% 5% Murray Corp ... 4 7% 7% 7%
7% 6% Nasb-Kelvlnator... 9 6% 6% 6% — %
17% 13% Natl Acme (.S0g)... 3 16% 16% 16%-%
14 11% Natl Aviation!.76g) 3 12% 12% 12%+%
24% 22% Natl Biscuit <.40e> x 13 24% 23% 24
170% 166 Natl Biscuit pf (7). 1 167 167 167 -3%
18% 16 Natl Bond ft Inv(l). 2 18% 18% 18%+%
16% 14% Natl Cash Reg (1).. 3 15% 15 15%+%
13% 10% Natl Cyl Gas (.20e). 1 12% 12% 12% - %
A 17% 16% Natl Dairy (.30) A20 17 16% 17 + %
^16% 110% Natl Dairy pfA(T). jfo. 114 113 114 +1
* .ov p.m.
Prer. 1940 Stock and Salta— Nat.
Hl«h lew Dividend Rate Add 00 Blab low. Close, cbae
114 109* Natl Dairy pf B(7). 10a 113% 113% 113% + %
0% 6* Natl Dept Stores .. 1 6% 0 6
7% 6 Natl Dept St pf .30e. 2 7* 7 7 - %
26* 28 Natl Distillers (1).. 12 25 24% 24%-%
12* 10% NatlGypsum(.25g) 6 11 11 11
22 19* Natl Dead (.60) .. . x 5 21* 21* 21* + *
148*140 Natl Dead pf (B)(6). 20a 146 146 146 +1
8* 7* Natl Pwr*Dt.60._ 6 7% 7% 7%-*
78% 68* Natl Steel ( 60e).._ 1 68 68 68
7% 3* Natl Tea Co ... 14 6* 6* 6%
60 40 Newberry (JJ) 2.40 x 1 48* 48* 48* - %
75* 71* Newmont Min .60e_ 1 76* 75* 76* + *
14* 11* Newport Indus _ 2 12% 12* 12* - *
60 41 N I Air Brake .60e~ 2 44 44 44 + %
18* 16% N I Central . .. 65 16* 16* 16
21* 16% N Y Chi * St Douls. 2 17 16* 16*-%
89 30% N Y Chi * St L pf... 1 32* 32* 32* + *
% HNINHtHlrl 1 * * *
16% 13* N T Shlpbllding .. 4 16* 15* 15*
107 92 N T Shlpbg pf l.T6k. 40* 105* 105 106*+*
219 208 Norfolk 4b Wn(10a). 2 217 216* 216*-1
26% 22% Nor Am Avia 1.40g. 32 23% 22% 28* - %
23% 20* Nor Am Co (1.20) 15 21 20* 20% + *
68 65 No Am 6%% pf 2.l76x 2 56 65* 66* - *
9* 7* Northern Pacific... 2 8 7* 7* — *
6* 4 Norwalk Tire . 1 4* 4* 4* — *
42* 41* Norwalk T pf (3.60). 10s 40% 40% 40% -1%
7% 6* Ohio Oil .. 9 7* 6* 7
22 18* Oliver Farm Equip. 5 20* 20 20
14% 13* Omnibus Corp 1.20.. 3 13* 13% 14 + *
107% 103* Omnibus pf IS) . 40* 107* 106% 107
5% 5 Oppenhelm Collins. 2 5* 5% 6* + %
18% 15% Otis Elevator (.16*) 4 16 16 16 - *
12% 10 Otla Steel _ 4 10* 10 10 - *
65 55 Outlet Co (3a)_ 30s 65 55 55
64% 69% Owena-lll Gi .60*... 10 61% 61 61 - *
6* 5* Pac Am Fisheries.. I 5% 5% 6% + *
23% 20 Pao Coast 1st pf_ 100* 20% 20% 20%-*
12* 10* Pac Coast 2d pf_ 10s 10% 10% 10% - *
34* 32% Pac Gas A Elec (2). 9 33% 33* 33*-%
60 46% Pao Dtghtlng (3) . 3 47* 47 47 - %
7* « Pac Tin Consol ,20e. 1 6* 6* 6* - *
4* 3* Packard Motor ... 20 4 3* 3* — *
20% 15% Pan-Am Airways 110 19% 18% 18% - %
1 % Panhandle .. 2 1 1 1+*
8* 7 Paramount (,15g)._ 11 7* 7% 7*
9* 8* Param't 2d pf 1.60) x 3 9* 9 9* + *
44% 42* Parke Davis (,30e) x 1 43 43 43 -%
22 18 Parker Kust (1)... 1 21* 21* 21*+*
12* 9* Pathe Film • .. 4 11% 11* 11* + *
62* 55 Penlck k. Ford (3) . 2 56 56 56 +*
95 88 Penney iJC) (.75e> x 6 92 91* 91* - *
25 20* Penn-Dlxie Cem pf. 1 22 22 22 - %
24% 21* Penn Railroad Mg). 22 22% 22% 22*
39* 33* Peoples Drug(.26e). 2 40% 39* 40%+*
12% 10 Pere Marquette _ 1 10* 10* 10*
28* 21* Pere Marquette pf.. 10s 24* 24* 24* — *
36* 30% Pere Marq pr pf ._ 20s 34* 34* 34*+ *
8* 7* Petrol Corp l.70g)_. 2 7* 7% 7* + %
10* 6% Pfeiffer Brew (I)... 2 8* 8% 8% - *
40* 34% Phelps Dodge 25e.. 9 37* 36% 37* + %
47 40 Phlla Co 6% pf (3).. 2 44 44 44
% % Phlla 6 K C 6 1 (r). 2 * % %-*
95* 88% Philip Morris (3a).. 1 91* 91* 91*-*
7 4* Phllltps-Jones .. 2 7 6* 6* - *
41% 36* Phillips Petrol (2). 18 39* 38% 38%-*
66 44 Phoenix H pf 1.75k. 20s 56 56 56
110 107* Pitts Cin S*StD(5). 30s 107* 107* 107*
7 4* Pitta Coal _ 4 5 5 5 - *
27% 21 Pitts Coal pf ... . 1 24 24 24 -1
8% 6% Pittsbgh Screw ,15e 5 7% 7* 7%
16% 12 Pitts & W Va 20s 13 13 13 - *
1* HPittstonCo ... .. 5 1* 1* 1* + *
22% 20* Plymouth OH 1.40 . 1 21* 21* 21* - *
15 12* Pond Creek (1.25g). 1 14 14 14
14* 11* Pressed Steel Car 20 12* 12 12 — *
14% 11% Pressed Stl C 1st pf. 1 12 12 12 -1%
42 35% Pressed St C 2d pf . 1 36* 36* 36*
69* 65% Proctor A Gam (2a) 9 69* 69% 69% - *
118*112% Proctor A G pf (5).. 60s 114% 114* 114% + *
42* 39% Pub Svc (NJ) 60s.. 4 41% 41% 41% + *
32* 25% Pullman ( 25e)_ 16 27 26* 26%
9% 8* Pure 011 (.25x1_ 38 9% 9* 9% + *
79* 77* Pure Oil pf (5)_ 2 79* 79* 79*+ %
15% 14% Purity Bak ( 26e).. 3 14* 14% 14%
15* 14* Quaker Sta Oil 25e 1 14VA 14* 14*
.V, KSdloCorp t.20e> 277 6% 5% 6% + %
67 60S Radio C cv pf(2.50) 7 65% 64% 65 -1
1% 1 Radio-Kelth-Ur (r) 4 1% 1 1 — %
16% 14% Reading Co cl) ... 1 15% 15% 15% - %
23 20% Reading 2d pf (2) 1 22 22 22 + %
8 7 Reliable Stores 50* 5 7% 7% 7% + %
10% 9% Remin* Rand (,40e) 4 9% 9% 9%
1% 1% Reo Motor (r* 15 1% 1% 1%
23% 18% Republic Steel .. 14 20% 20 20 - %
82 76*4 Revere Copper pf 10s 83% 83% 83% +1%
63 45% Revere Cop 6V4* pf 30s 50 50 60 + %
15% 9% Reynolds Metals .. 1 14 14 14
9% 6% Reynolds Sprtn* .. 2 8% 8% 8% - %
41% 39% Reyn Tob (B) .60*.. - 21 41% 41% 41%+ %
8% 7 Richfield fill t.60g). 6 7% 7 7 - %
1% 1 Rutland RR pf <r).. 1111
52% 44% Safsway Strs 75s.. 7 53 62 52% + %
110% 104 Safeway S pf (5)... 80s 111 110% 111 + %
116 113% Safeway S pf (7) ... 20s 114% 114% 114% - %
42 36% St Joseph Lead <1). 1 40 40 40 + %
% % St L San Fran (r) . 2 % % % + %
29% 19'/4 Savage Arma (.25*1 2 27% 27% 27% - y«
13% 11% Senenley Distillers 1 13 13 13
% % Schulte Retail S (r) 6 % % %
7% 4% Schulte R S pf (r).. 4 5% 5% 5V4 - %
49 46% Scott Paper < 1.60).. 1 46% 46% 46%
109 108% Scott Paper pf (4).. 10s 108% 108% 108% + %
% V« Seaboard Air L 1 r) 650 % % y4 - %
lv4 % Seaboard A L pf <r) 1 % % %«
2% 1% Sea grave Corp .. 2 2% 2% 2% + %
87 80% Sears Roebuck (2). 8 84% 84 84% - %
16% 13% Servel Inc 111 2 13% 13% 13%
6% 4% Sharp A Dohme_ 15 5 6
7% 6% Shattuck (FGM.40) 2 7% 7% 7%-%
13% 10% Shell Un OH i.60g) 9 10% 10% 10%
6% 5% Silver Kin* (.10ei x 1 6% 6% 6% + %
24 21% Stmmona Co (1.75*) 2 21% 21% 21% - %
22% 19% Skelly 011 (.25*).... 2 19% 19% 19%-%
17% 16 Smith (AO)_ 5 16% 16 16 -1
24% 19% Snider Pk* _ 3 23% 23% 23% + %
12% 11% Socony-Vac 25e ... 34 11% 11% 11%
2% 2 So Am Gold (.20*).. 3 2% 2% 2% — %
28% 22% So Porto Su* (1)... 1 26% 26% 26%-%
150 144% South P R pf <8 >_ 30s 149 149 149
16% 14% S.E.Greyh’nd 1 50 _ 1 15% 15% 15% 4. %
30 28% Southn Cal Ed 1 50a 2 30 29% 30 + %
15% 12% Southern Pacific . 27 12% 12% 12%
20% 16% Southern Railway.. 3 16% 16% 16% - %
34% 27% Southern Rwy pf... 3 27% 27% 27% — %
47 42% Sperry Corp (2*1... 5 43% 43% 43%-%
Cities Service Power
Orders Arrearages
On Preferreds
Two Years of Back
Dividends Declared,
Payable April 1
By the Associated Press.
NEW YORK, March 14.—Cities
Service Power Sc Light Co. today
declared dividends totaling nearly
$2,500,000, covering two years of
arrears and regular quarterly divi
dends on its three classes of pre
ferred stock.
The dividends, which are payable
April 1 to stockholders of record
March 22, will be distributed on the
following:
1. A quarterly of $1.25 and two
years’ arrears amounting to $10 a
share on the $5 preferred.
2. A quarterly of $1.50 and two
years’ arrears of $12 a share on the
$6 preferred.
3. A quarterly of $1.75 and two
years’ arrears of $14 a share on the
$7 preferred
On December 27, 1939, the com
pany also paid two years of accumu
lated dividends on these issues.
After giving effect to the current
declaration, arrears on the $5 pre
ferred will be $17.50 a share, on the
$6 preferred $21 and on the $7 pre
ferred $24 A0.
The company is a subsidiary of
the Cities Service Co.
Chicago Union Station
Rejects Bond Bid
By the Auocteted Prew.
CHICAGO, March 14.—The Chi
cago Union Station Co. today re
jected the bid of Halsey, Stuart Ac
Co., Chicago investment banking
house, for $16,000,000 in 3% per cent
refunding bonds.
Competitive bids had been asked
by the company for the first time.
The bonds would have matured
July 1, 1963, taking advantage of
lower interest rates by refunding a
like amount of 4 per cent bonds.
New York Bor Silver
NEW YORK, March 14 (#).—Bar
silver, 34*| unchanged.
Cut Is Proposed
In Round-Trip
Pullman Rates
By the Associated Press.
NEW YORK. March 1*.—A reduc
tion in long-distance round-trip
Pullman fares to the level now main
tained by short coach fares was un
der consideration today by officials
of railroads operating east of the
Mississippi.
An authoritative source connected
with the Association of Eastern
Trunk line Railroads said the con
templated reduction in Pullman
passenger fares might be placed in
effect March 25 to coincide witn
new lower rates already agreed
upon for coach travelers.
It was indicated that tpe pres
ent Pullman rate of 3 cents a
mile for one-way trips would likely
be retained, but that roirnd-tiip
tickets would probably be scaled
down on a sliding range of from
2.7 to 2.5 cents a mile, depending
on the distance of the trip.
New York Cotton
By the Associated Press.
NEW YORK, March 14.—Domes
tic mill buying and Wall Street
covering kept cotton futures on the
upgrade today despite foreign
liquidation and hedge selling.
Prices in midaftemoon were 2 to
8 points higher. March (old) sold
at 10.72, up 2; May (old), at 10.61,
was up 5, while October (new), at
980, was 8 higher.
Cattansaed OB.
Bleachable, cottonseed oil futures worked
lrrscularly hither on a forenoon turnover
of 48 contracts today. Recent sellers of
contracts returned to the market on the
buylns side and commission house sup
E& a^»afr33K"S»SS
after midday the list held 3 points net
easier. Southeast quoted 6% cents nom
inal, scattered sales at 8% cents accrued
In the valley. Texas was quoted 8%-V,
nominal.
, NEW ORLEANS. March 14 (/Pi.—Cotton
futures recovered some of yesterday’s losses
here today on strons cables and trade buy
mr At noon prices were at net advances
of 8 to 8 points.
High. Low. Last
March - 10.73 10.88 10.87
May - 10.78 10.70 10.71
July - 10.83 10.42 10.48
October- 0.84 0.77 0.83
December- 0.73 0.84 9.70
January - 9.83 9.61 9.61
jgTSjg & WldrUSK
Cotton Futures Volume
Far Above Year Ago
By the Associated Press.
The Commodity Exchange Admin
istration reported today that trad
ing in futures contracts on the New
York Cotton Exchange increased 33
per cent during the six-month per
iod ending February 29 as compared
with trading in the coresponding
period in the previous market sea
son.
Since the outbreak of war, for
eigners have been heavy buyers not
only of spot cotton but of cotton fu
tures.
Following the harvesting of the
1939 crop and the start of war, total
open contracts on the New York
exchange increased, the C. E. A. said,
from 1,489.700 to 1,871,200 bales, an
increase of 381,500 bales, or 26 per
cent.
When the war started foreign
traders having large positions (of
5,000 bales or more) had a net long
position of 11,000 bales. By the end
of February their long position had
increased to 275,900 bales. During
this same period, large American
traders reversed their position from
net long 21,400 bales to net short
240,800 bales.
_
600 Tons of Lead Sold
NEW YORK, March 14 (/P).—st.
Joseph Lead Co. reported 75 tons
of Southeast Missouri pig lead sold
yesterday at $5.10 per 100 pounds
East St. Louis: 375 tons at the East
St. Louis average, and 150 tons at
the New York average.
Foreign Markets
LONDON. March 14 </Pi.—The new ele
ment of uncertainty Introduced by the
8““ bftween mian" and
..wnt.a!uS<1 deoreealnt effect on
»*** However, pressure
J, S® 2;i« *nd many sections
loases “ krt “"W Part of Initial
?,**}!•? ln »n otherwise heavy lndus
JJJSL, we" Swedish securities Early
<»« In domestic rails were partially
issues finished mod
erately above their lows. Oils and rubber
“■▼“Jiecllned. Firm spots appeared ln a
••BfflSl "Hi?* mlnln* section.
—Prices in the Bourse closed
eenerally even with previous levels today.
Reaction to the North European peace set
tlement was not marked, apart from an
advance ln Scandinavian itsuea.
Odd-Lot Dealings
By the Associated Press.
The Securities Commission reported to
ok; transactions by customers with
odd-wt dealers or specialists on the New
York Stock Exehanae for March 13: 2.841
2%
_ ... 2:30 p.m.
Pw. 1040 Stock and Sale*— Met.
TfS **» . D*»ld*nd Rate Add.00. Hleh Low. Cloa*. chte
11% 9tt8pl*g*llDet.lt*)._ 4 10% 10 10 - %
«6 SO Spiegel Ine pf 4.50.. 90a 63% 63% 63% - V«
37% 29% Square D Co (.30*).z 3 36% 36% 36%+*
'7% S Stand Brands .20*.. 19 7% 7 7 — %
108% 103% Stand fir'd* pf 4.60. 1 107% 107% 107% + %
2% 1% Stanc Qaa* Elec 2 1% 1% 1%
7% 3% Stand GAE 54 pf... 8 4 3% 4 + %
18% 10% Stand GAE $« pr pf. 1 11 11 11 -1%
22% 13% Stand GAE »7 pr pf. 2 14% 14% 14% + V.
26% 23% Stand Oil of Cal (1). 42 23% 22% 22%-%
27% 26% Stand Olllndtl)... 20 26% 25% 26%-%
46% 42% Stand Oil N J (la).. 21 44% 44% 44%
80% 76% Starling Prod (3.30) 2 79% 79% 79%
8% 7% Stewart-Warn ,25g. 3 8 8 8 - %
6% 6 Stokely Brothers .. 1 6 6 6 - %
12% 9% StoneAWebster ,25g 1 9% 9% 9% + %
12% 9 Studebaker - 16 11% 11% 11% - %
124 122 Sun OH pf (6)- 60s 124 123% 124 +1%
10% 9% Sunshine Min 1.(0_ 2 10% 10% 10%
2% 2 Superior Oil . 2 2 2 2
85% 28% Sutharl’d Pap 1.20— 8 34% 33% 34
23% 22 Swift A Co (1.20) 2 22% 22% 22%-%
82% 30% Swift Inti (2) ... 9 31 30% 31 -1
»% 7% Syming-Gould ww_. 3 8% 8% 8% + %
7% 5% Syming-Gould iw.. 1 6% 6% 6% + %
5% 4 Telautograph .05*.. 3 6% 6% 5% - %
6% 6% Tennessee Corp.... 3 6 5% 6
46% 42% Taxes Corp (2)_ 19 45% 45% 45%
35% 32% Tex Gulf Sul (2)_ 1 33% 33% 33%+%
8% 7% Tex PaeCAO (.40). 1 8% 8% 8% + %
6% 5% Tax Pae Ld Tr .10g. 10 5% 6% 6%
5% 3% Thermold _. 1 5% 5% 5%
34 26% Thermold pf (,75k). 80s 33% 33% 33%
6% 2% Third Avenue 36 6% 5% 6% + %
4% 4 Thompson (J R)... 3 4% 4% 4% + %
36% 27% Thomp Prod (.26#). 4 33% 33% 33%
2% 2 Thompson-Starrett. 12 2 2
23 16% Thompson-Star pf.. 1 18 18 18
11% 10 Tide Wat A 0.15#.. 11 10% 10% 10%
24% 20% Tlmken-Det Ax (1). 16 23% 23 23%+ %
62 46% Timken R B (.60e)_. 2 49% 49% 49% — %
6% 5% Transamerlca (.60). 110 7 6% 6% + %
18% 12% Transcontl A W Air 64 18% 18% 18%-%
2% 2% Tri-Continental ... 2 2% 2% 2%
13% 11% 20th Century Fox.. 1 11% 11% 11%+ %
25% 23% 20th Cen F pf 1.50..x 1 22% 22% 22%+ %
13% 9% Twin Coach (,50g)_. 108 13% 12% 12% + V.
1% 1 UlenACo(r)_ 27 1 1 1
14% 12% Un Bag A Pap ,15e). 2 13% 13% 13%+%
88% 78% Union Carb (l.lOe). 8 84% 84 84% + %
17% 16 Union Oll(Cal).25*. 4 16% 16 16 — %
97% 93 Union Pacific (*)__ 1 95 95 95
89% 84 Union Pac pf (4) .. 1 85 85 85 + %
27 22% Un Tank Car 1.20a.. 12 27% 26% 26%+ %
49% 43% Unit Aircraft (2g)_. 27 47% 46% 47%
18% 14% Unit Air Lines_ 254 18% 18 18% + %
2% 2% United Corp ... 33 2% 2 2% + %
42 36% United Corp pf (3).. 4 39% 39 39%
6% 5 United Drug _ 1 5% 5% 5% - %
5% 4% United Dvewood ... 4 6 5% 5% - %
65 66% Unit Dyewd pf (7).. 70s 65% 65 65%+%
35 33 Unit Eng A Fy 50#. 3 34% 34% 34% - »,
85% 75 United Fruit (4) . 2 79% 78% 79% +1%
15 11% United Gas Imp (1). 9 13% 13% 13% + %
13% 10% United Mer A Mfg.. 3 13 12% 13
10% 8% U S Freight (,25e).. 4 9% 9% 9% + %
6% 4% U S Hoffman .. 1 5% 5% 5% - %
26% 21 U S Indus Alcohol 5 23 22% 22% +1
38% 35% U S Pipe A Fdry (2) 1 35% 35% 35% + %
1% 1% U S Realty A lm(r) 3 1% 1% 1% + %
41% 34% U S Rubber . 10 36% 35% 35% - %
115% 109 U S Rub 1st pf (2e). 2 115 114% 115
65 61 U S Sm A Ref (le).. 2 61% 61% 61% -1%
68% 65% U S Steel 30 57% 56% 56% - %
118% 115 U S Steel pf (7) .. 1 117% 117% 117% - %
38% 36 U S Tobacco (1.2S). 1 38% 38% 38%
7% 6% Unit Stkyds pf .70.. 2 7% 7% 7% - %
2% 1% Unit Stores (A) .. 2 1% 1% 1%
95 67 Unlv Plctur 1st pf_. 60s 96 93 96 +3
% % Vadsco Sales _ 3 % % %
35% 28% Vanadium tig) . 3 34% 34% 34% - %
46 43 Vick Chemical (2a). 5 45 45 45 - %
31 28% Victor Chem (.30e). 3 31% 30% 31%+ %
8% 5% Va Iron CoalAC pf . 10s 8 8 8 - %
35 31% Virginian R pf 1.50 3 32 31% 31% — %
1% 1% Wabash pf B (r) . 20s 1 1 1 _
99 93% Walgreen pf (4.50). 1 100 100 100 +1
36% 32% Walker 1H) (4) .. 3 32% 32 32 - %
16% 15% Walker (H) pf (1).. 1 15% 15% 15’,-%"
6% 5% Walworth Co .. 2 5% 5% 5%
9% 7% Ward Baking (A)_ 1 7% 7% 7t,
4% 3% Warner Bros Piet_ 14 3% 3% 3%
1% 1% Warren Bros (r) . 7 1% 1% 1% + 14
31% 28% Warren Fy A P (2). 2 29% 29% 29% - %
28% 27% Wash'ton G Lt 1.50 1 28% 28% 28% - %
24 22 Wayne Pump tie) x 2 23% 23 23% - %
4% 3% Webster Eisenlohr 1 3% 37^ 3T„ _ ^
id os wesson u«a pi (4) 1 69% 69% 69% +1%
110 105% West PennE<A)i7 > r lOg 110 110 110 +1%
108 102% West Penn E pf (6 i 40s 105% 105 105 - %
114 111 West Penn E pf<(7) 10s 112% 112% 112% + %
19% 16 W Va Pulp* p I5e 1 16% 15% 15% - %
39% 33% West'n Auto S (2) . 5 39% 38% 38%
28% 22% West’n Union Tel . 10 23% 23% 23% — %
28% 22% Westh'se A B 26e 10 23% 23% 23% - %
118 105% Westh se Elec 875e 2 112 112 112 — %
138 130 Westhse El pf(3.50 10s 135 135 135 + %
30% 26 Weston El Inst lg •. 2 29% 29% 29% — %
3®% 35% Westvaco pf < 1.50). 1 36% 36% 36%
33% 25»» Wheeling Steel 3 30% 30% 30% - %
10 9% White Dental (.60). 1 9% 9V, 9% + %
13% 11% White Motor _ 1 11% Hi* m, _
IV. 1% Wlllys-overland_ 1 1% 1% 1% + %
6 4% Wilson & Co ___ 4 5% 6% 5%
25% 22% Woodward Iron ... 3 24% 24% 24%
41% 38% Wool worth <2.40»__ 13 41% 41% 41% + %
21% 18 Worthington Pump 1 18% 18% 18% - %
37Vi 34% Worth Pump pr pf. 1 35 35 35
117 105 Wright Aero t2g)._ 140s 119% 114 119'*+5%
89% 85 Wrigley <3s) 1 87% 87% 87% - Vi
19% 16% Yellow Truck 14 17% 17% 17% + %
12 10% Young Spg & Wire 1 11 11 11 + %
48% 38% Ygstwn Sh & T 25e 9 40% 39% 39% - %
16% 14V* Zenith Radio tig).. 25 16% 14% 16 +1
2% 2 Zonite Products ... 18 2% 2% 2% + %
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M. . - 150 000 12:00 Noon 250 000
1:00 P.M. -340.000 2:00 PM _ 470i000
• Unit of trading lo .harei
n.s./„n,3,P*5!ruptc* or r.?Fe,Tershl° or being reorganized under
Bankruptcy Act. or securities assumed oy such companies
h„„.^*ve* ot dividend in the foregoing table are annual dis
?,u"*mre,n » b,8j£ °1', ,h8 ,**t quarterly or semi-annual declara
tlon Unless otherwise noted special or extra dividends ars not
tnciuaeo
. . * ■*, dividend xr Ex rights a Also extra or extras
d Accumulated dividends paid last rear e Declared or paid so
far this year (Payable in stock g Paid last year, h Cash or
stock k Accumulated dividends paid or declared this vear
Stock Prices Remain
In Narrow Range
At Day's Close
Confusion Over Peace
Plan Keeps Many
On Sidelines
Stock Averages
.30 IS IS M
— . , Indust. Ralls. Util. 8tks.
Net change unc. unc. —2 —.1
Today, noon 71.8 18.6 38.7 50.0
Prev. day— 71.8 18.6 38.9 50.1
Month ago. 71.8 18.9 39.3 50.3
Year ago... 73.1 21.6 38.7 $1.4
1940 high- 74.2 205 40.6 52.2
1940 low_„ 69.9 18.5 38.5 49.2
1939 high-- 77.0 23.8 40.6 53.9
1939 low... 58.8 15.7 33.7 41.6
60-Stock Range Since 1927:
1037-38. 1032-36.1027-20
High — 75.3 72.8 157.7
Low 33.7 16.9 615
(Compiled by the Associated Press.)
By VICTOR EUBANK.
Aiaoclated Preu Financial Writer.
NEW YORK. March 14.—The
question of what will happen in
Europe following the Russian-Fin
nish peace apparently did more
than anything else today to stymie
stock market speculation.
Dealings were sluggish through
out, except tor a burst of speed in
one or two low-priced issues. Lead
ers tacked up minor fractional
changes either way at the start,
and that was just about the way
they closed. Transfers were around
650.000 shares for the full session.
While bullish forces were en
couraged by further signs of a
lessening of the business down
trend. and comfort was derived from
the fact offerings of important
stocks never assumed threatening
proportions, traders were disposed
to keep commitments light pending
more definite trans-Atlantic news.
Seaboard Air Line was a lively
performer among stocks after mid
day. piling up more than 50.000
shares on a few transactions. The
greater part of the time the issue
was off 12V2 cents at 25 cents.
Curtiss-Wright “A” was an excep
tion in the aircraft division, getting
up about a point at a new year's
peak. Radio Corporation became ac
tive in the final hour for a trifling
advance.
Mild sflpport was accorded Bethle
hem Steel. Montgomery Ward, Twin
Coach, General Electric, Consol
idated Edison and Allied Chemical.
Inclined to lag where United
States Steel Chrysler, Sears Roe
buck, Douglas Aircraft, Celanese,
American Telephone. Standard Oil
of California and Western Union.
Lifted in the curb were Cities
Service preferred, Driver-Harris and
A. C. Gilbert.
U. S. Consumers
Take All of
Lead Output
By the Associated Press.
NEW YORK, March 14.—United
States consumers of lead have been
absorbing the entire output of
American mines since the turn of
the year. Clinton H. Crane, presi
dent of the St. Joseph Lead Co., told
stockholders at the annual meeting
today.
He said total United States con
sumption was apparently slightly
above production.
Predicated on continuation of the
war. Crane said he thought the
company would have as good a year
in 1940 as in 1939. Earnings last
year were $5,855,562. or $2.99 a com
mon share, before depletion.
Principal properties are in Mis
souri, with other workings in
Montana, California, New York and
I Argentina.
Chicago Grain
By the Associated Press.
CHICAGO, March 14. — Early
wheat price gains of about a cent
based on large export sales of Ca
nadian wheat, crop damage reports
from Kansas and below freezing
temperatures in the Southwest were
charply reduced before the close of
the grain market today.
At times prices dipped fraction
ally below previous closing levels.
Some of the selling was regarded
as hedging, possibly against pur
chases of wheat that has been under
loan. European news continued to
cause nervousness.
Wheat closed 74-74 higher than
yesterday. May. 1.0174-1.02; July,
99s/|Corn. 74-Vi up; May, 5674
94; July, 569i-3,4. Oats, */8-74 lower.
Cash wheat was unchanged; re
ceipts, 15 cars; corn was unchanged
to Vz higher; basis for choice firm,
others easier; receipts, 68 cars; ship
ping sales. 33.000 bushels; booked to
arrive, 28,000 bushels; oats un
changed.
WHEAT—Open. Htsh, Low. Close
May_ 1.02 1.02% 1.01741.0174-03
July _ .99% 1.00% .99 .99%-%
September. .99% 99% .98% .987,-%
CORN—
May _ ... .50% .50% .50 .50%-%
July . .50% .50% .57% .50%-%
September. .57*4 .573^ .57V« ,o7V*-*%
OAT8— _
May _ fl% .41% .41 .41%
July .36% .3674 .35%
September .337, .33% .33 .33%
SOY BEANS—
May _ 1.15% 1.15% 1.13% 1.14
July . . 1.11% 1.11% 1.08% 1.10
RYE—
Nay _ .05% .00% .04% .65%
July .607, .67% .65% .66%
September .67% .68% .667, .67
LARD— . .
March_ 5.92
May ... 6.10 6.10 8.02 6.05
July 6.30 6.30 6.25 6 25
September 6.60 6.50 6.45 6.45
October _ _ _ 6.52
BELLIES—
March_ — — — 5.25
May_ — — — 6.76
July_ 6.60
Chicaf, Caah Market.
Caah wheat, No. 2 hard. 1.04%: No. *
mixed. 1.03%; aample trade. 1.007,: No.
1 hard, 1.05. Corn. No. 4 mixed. 58: No.
1 yellow. 68-58%: No. 2, 57%-59: No. 1
white. 66; aample trade white, mixed. 65.
Oats. No. 2 white. 44: No. 3. 42-43%.
Barley, maltint. 65-63 nominal: leei
40-50 nominal; No. 1 maltint. 60-63; No.
3. 62. Soy beans. No. 3 yellow. 1.13%.
Field seed, per 100 pounds, nominal; tim
othy aeed. 4.90-5.25: sweet clover. 4.50
5 25: red clover. 12.50-15.00; red top.
18 00-23%). 1-5.00-18.00; allalla.
...Wtoalper Prices.
raSTtoXf1’ M*rch 14
WHEAT— pro
M,v _% ‘UST
-.89% .89% .89% .88%
October ..9074 .90% .90% .907?
OATS—
-.40% .397, .89% .89%
__Baltimore Qaetatiani. «
BALTIMORE. March 14 m,—Whaat.
No. 2 red winter, tarlleky, spot, domes
tic* 1.14.
While Washington Inst year shewed
a 2 per cent decrease in fatalities
from 1939, Cincinnati, Cleveland and
Minneapolis, which arc in the same
population class as Washington,
showed fatality rednctiehs of 29 per
eent, 12 per cent and T per coil, re- ^
apectively.

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Evening star. [volume], March 14, 1940, Page A-20, Image 20
About Evening star. [volume] (Washington, D.C.) 1854-1972