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Evening star. [volume] (Washington, D.C.) 1854-1972, April 23, 1940, Image 16

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Conference of A. B.A.
Council Watched
Closely Here
Fleming, Vass, Waller,
Addison and Needham
Go From Capital
By EDWARD C. STONE.
Washington bankers are following
with great interest reports from the
meeting of the Executive Council of
the American Bankers’ Association,
now being held at Hot Springs, Va„
this being the most important bank
ers’ gathering of the year outside of
the annual convention
Included among the Washington
bankers present are Robert V. Flem
ing. past president oi the A. B. A.
and president of the Riggs National
Bank, and George O Vass, a vice
president and cashiei of the same
bank, who is a member of the coun
cil; Wilmer J. Waller vice president
and cashier of the Hamilton National
Bank, who is very prominent in com
mittee work and in the National
Bank Division of the A. B. A., and
Francis G. Addison, ji„ president of
Security Savings & Commercial
Bank, who is closely connected with
the Savings Bank Division and with
committees which are to present im
portant reports during the present
sessions. D. J. Needham, general
counsel of the A. B. A . is also present
from Washington headquarters.
The Executive Council is the
governing body ot the A. B. A. and
consists of more than 100 bankers
representing banking interests in the
48 States and tht District of Co
lumbia. The Washington delegates
looked for an unusually important
meeting. Reports are due from the
National, Savings. Trust. State Bank,
Secretaries’ Divisions and from many
commissions and committees.
Three of the most important re
ports always come from the Bank
Management Commission, Commerce
and Marine Commission, Economic
Policy Commission and the Federal
Legislative Committee. The chair
men of these commissions, in the
order named, are J. Harvey Wilkin
son, jr.; Fred I. Kent, Leonard P.
Ayres and A. L. M. Wiggins.
WTiile the sessions are all execu
tive, a good deal of information is
given out on the general banking
situation.
Exchange Listing Requested.
Application has been made by
Julius Garfinckel & Co.. Inc., for the
listing on the Washington Stock
Exchange of both the common and
preferred stocks. The company
would list for trading 50,000 shares
of 6 per cent cumulative convertible
pfeferred stock, with a par value of
$25 per share, and 110.010 shares of
common stock, of no par value.
The stock was placed on the mar
ket several months ago when the
present firm was incorporated. It
is expected there will be a good deal
of trading in both issues. Up to
this time these issues have been
sold over the counter. The common
stock is now quoted at 9?; bid and
11U asked, while 26 is bid for the
preferred stock and 28 asked.
Trading in the two issues will
start on the Washington Exchange
in about a month, following ap
proval by the Securities and Ex
change Commission.
Lincoln to Address Bankers.
G. Gould Lincoln, The Evening
Star's political commentator, will
address the Fiduciaries Section of
the District Bankers’ Association to
morrow evening at a meeting at the
Columbia Country Club He will
speak on the general political out
look and give consideration to some
of the candidates who are expected
to be put forward at the coming na
tional conventions.
The Fiduciaries Section will also
hold its annual election of officers at
this time, with the chairman,
Bernard L. Amiss, of the Washing
ton Loan & Trust Co., presiding.
Many of the section members will
go out early and devote the after
noon to golf, at the same time de
veloping an appetite for dinner.
Dr. William M. Deviny. associate
professor of economics at Catholic
University, will address the April
meeting of the District of Columbia
Control of the Controllers’ Institute
of America on the subject of "Church
Accounting, Its History and De
velopment, Current Methods and
Procedures.” The meeting will com
mence with dinner at the Carlton
Hotel at 6:30 tonight. Humphrey
Lloyd of Washington Properties, Inc.,
president of the local control, will
preside.
Washington Chapter, National As
sociation of Cost Accountants* will
hold the April dinnei Thursday eve
ning at the Hamilton Hotel, foilowed
with an address by William W.
Werntz, chief accountant. Securities
and Exchange Commission. Laurence
E. Skees of the Federal Reserve
Board will be technical chairman.
Financial District Comment.
Granville E. Jacobs of New York is
conducting a course on customer
relations this month for officers and
employes of the National Savings &
Trust Co. The members of the trust
company’s club recently entertained
the directors and officers at a buffet
supper at the Willard, after which
the members of the group were guests
of President Bruce Baird at a per
formance of Wirth’s Circus, given for
the benefit of Children’s Hospital.
Scientific aptitude tests are now
being used by the Connecticut Mu
tual Life to determine whether a
man or woman is fitted for the life
Insurance business, Fred O. Lyter,
assistant superintendent of agencies
for the company, who is in Wash
ington this week visiting the John
Lister McElfresh Agency, reports.
Every applicant must take this test,
and only those who attain a certain
grade are considered for the business.
T. Stanley Holland, second vice
president of the District Bankers’
Association, and A. S. Offutt, chair
man of the June convention Gen
eral Committee, will represent the
association at the meeting of the
Safe Deposit Section at tomorrow
night's dinner at the Lee House. C.
B. Upham, controller's office, will
speak.
Today’s Trading on Exchange.
Two 25-share lots of Capital
Transit stock sold at 14% on the
Washington Exchange today. Other
small transactions were registered.
Again the feature was an advance
to 16% in the bid for Mergenthaler
Linotype stock and a jump to 17%
in the asked price. No sales.
Howard Moran, vice president of
the American Security & Trust Co.
and a former president of the Dis
trict Bankers’ Association, has re
covered from his recent illness and
is back at the bank.
The annual meeting of the Asso
ciation of Reserve City Bankers
takes place next week at Hot Springs,
Va. Several Washington bankers
will attend.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
Selected Stocks Up,
But Many Remain
In Narrow Rut
Few Motors, Specialties
And Steels Advance;
900,000 Traded
Stock Averages
, 30 15 15 flo
Indust. Ralls. Otll. SUs.
Net change +.1 unc. unc. unc.
Today, noon 71.7 18.9 38.8 50.0
Prev. day.. 71.6 18.9 38.8 50.0
Month ago. 70.7 18.2 38.5 49.3
Year ago... 61.9 16.9 35.2 43.8
1940 high.. 74.2 20.5 40 6 52.2
1940 low... 69.9 18.0 38.3 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:
... , 1997-98. 1932-98. 1927-29.
High ... 75.3 72.8 157.7
Low 33.7 16.9 61.8
(Compiled by the Associated Press.)
By VICTOR EUBANK,
Associated Press Financial Writer,
NEW YORK, April 23.—A few
steels, motors and specialties stepped
forward in today's stock market bul
many leaders inclined to huddle in
the rear ranks.
The list tried to rally at the start
It met just enough selling to pul
brakes on the push. There wen
intervals of quiet strength and re
action and, in the final hour, favor
ites edged up to the best levels ol
the day with gains of fractions tc
more than 2 points.
There were scattered lively peri
ods, interspersed with slowdowns
Transfers for the full session wert
around 900.000 shares.
Wall Street still groped in the
dark so far as definite conclusions
regarding the European war, busi
ness and politics were concerned
and many traders remained in neu
tral territory pending more light
on these subjects.
At the same time, some specula
tive contingents saw pleasing omens
in the flow of encouraging corpora
tion statements and accorded sup
port to issues they believed were
about ready for revival.
Best share performers includec
United States Steel, Bethlehem
Chrysler, du Pont, American Air
lines, Standard Oil of New Jersey
Sears Roebuck, Dresser Mfg., Allied
Mills, Celanese, Worthington Pump
Atlas Tack and American W'ooler
common and preferred. Some ol
these touched new tops for 1940.
Loft was under pressure the great
er part of the day and the majoritj
of the aircrafts lagged. Utilities
rails, coppers and rubbers were nar
row.
Chicago Grain
By ‘.he Associated Press.
CHICAGO. April 23.—Except foi
a brief fractional rise, wheat future*
were moderately lower most of th«
time today, reflecting rain in th»
domestic grain belt and continued
heavy receipts in the Northwest.
May contracts, which led the de
sline, fell to $1.10%. off 1% cents &1
the most, while July, representing
the new crop, sagged to $1.08?*, of)
a cent. Rallies from these low*
were frequent, however.
Arrivals of wheat at Minneapolii
and Duluth totaled 932 cars, againsl
687 a week ago and 359 a year ago
Despite this price dips at Minne
apolis were small and at times th«
market was higher.
Wheat on the Board of Trad*
closed % up to % lower. May, $1.11
l.ll's; July, $1.09%-1.09,4; corn
lower. May, 6434-645i; July
65'2-653a; oats unchanged to 94
down.
WHEAT— Ooen, High. Low. Close.
May ..l.ii i.ii% i.io'* in-',
July - 1.00 1.00% 1.08% 1.00',-%
S CORN— 109 1'°9:’4 108,i
May -.64% .04% .04'* .04%-%
July - .05'* 653, .65% .65'*-%
-- ■««%-%
OATS—
May _ .4°'* 4°s, 4°% 4"%
July - .38% .38% i.37% ;.18%
S«». - 35s, .35% .35', .35 %
soy Beans—
May -1.10% 111 1 00'* 1.09%
July _l.osa, ] no 107'* 107%
Oct--.98% .05'* .95 .05
RYE—
May -.713, .70% .71% .71%
July -.73% .74 .73 .73%
Sen. ... .74% .75% .74% .74%
LARD—
Mav 6.45 0 50 6,45 6 50
July _ 6.67 6.72 6 67 6 70
Sep _ 6 87 6.0? 0.87 6 00
Ocr _ 6.97 7.02 6.97 7.02
BELLIES—
Mav_ 6.12 6 12
; July - 7.00 7.12 7.00 7,00
Chicago Cash Market.
Wheat. No. 2 mixed. 1.12%: No S.
1.12%: No. 2 hard. 1.12%: No 5. 1.10:
sample grade hard. 1.03. Corn. No 1
yellow. «7%y»i: No. 2. 67%-68'*: No. 3.
66%-BS. Oats. No 1 feed. 40-41: No. 2
mixed. 42-42%: No. 3 red. 39: No 2
white. 443,-45%: No 3. 43%-44%: sample
grade. 41-4334 Barley, malting. 53-65
nominal: feed. 40-50 nominal: No. 3 malt
ing. 62 Soy beans. No. 3 yellow. 1.10.
Winnipeg Prices.
WINNIPEG. April 23 1/P1.—Grain range
today Prey.
WHEAT— High. Low. Close, close!
May .91V, .903, B1 91
July _.92% .92% 92% 92%
October _.9434 04% .04% 9434
OATS—
May _.38% .39% .39% .39%
Baltimore Quotations.
BALTIMORE. April 2.3 iff —Wheat. No.
C red winter, garlicky, spot, domestic.
J
w mvaie wire Direct te The Iter.
2:30 p m.
Prev. 1940 Btock and Balea— Met
HUh Low Dividend Rate Add 00 High Low Close ehge
70% b7 'Abbott Lab (l.Soaj l 69% 69% 69%+%
62% 45 Acme Steel (3) _ 1 50 50 50 +1
9 7% Adams Express_. 16 8 7% 7%
27% 21 Adams-MIUIs (1)._ 1 25 25 25
19% 17 Addressoitph 1.40.. 1 17 17 17
58% 48 Air Reduction (la). 10 49 48% 49
7 6 Alaska Juneau .60.. 2 6% 6% 6%
1% % Alleghany Corp ... 1 % % %
14% 10% Allegh’v {30 pf ww. 2 12% 12% 12% + %
12% 9% Alleghany pf xw .. 2 10% 10% 10%+ %
24% 18% Alleg-Ludlum .25e. 48 24% 23% 24% + %
12% 9% Allen Indust (,25e). 1 11% 11% 11%+ %
182 171 Allied Chem <6>_ 4 178% 178 178%
14 11% Allied Kid (.30)_ 2 12% 12% 12% - %
16% 13% Allied Mills- 108 16% 15% 16% + %
9% 7% Allied Stores- 4 8% 8% 8% + %
41% 33% Allts-Chalmers 25e 4 36% 34% 85V* + %
16 14% Alpha Port Cmt.50e 2 14% 14% 14% - %
2% 1% Amalg Leather .. 4 2% 2% 2%
18 14% Amalg Leather pf._ 1 18 18 18
58% 53 Amerada i2) .. 1 65% 56% 55%+ %
21 18% Am Ar Ch Del ,30a. 7 18% 18 18%
75 41% Am Airlines _ 80 73% 71% 73% +2
12% 9% Am Bank Note .. 2 11% 11% 11% - %
50 46 Am Bank N pf (3).. 20a 49% 49% 49%
8% 5% Am Bosch 22 8% 8% 8%
45% 38% Am Brake Shoe 30e 3 41% 40 40 -1%
116V% 112 Am Can (4) ... 2 115% 115 115 -%
176% 169% Am Can pf (7) 2 173% 173% 173% -2%
32% 23% Am Car & Foundry. 26 28% 27% 27% + %
51% 38V, Am Car & Fdry pf.. 8 47% 46% 47 +2
23% 19% Am Chain & C .80e.. 2 22% 22 22%+ %
15% 10% Am Crystal sugar.. 1 14% 14% 14% - %
3% 2% Am Encaustic TU 2 2% 2% 2% + %
24V* 18 Am & F P 6% pf.60k 3 21% 21% 21%
28% 21% Am & F P 1% pf.70k 3 25% 25% 25%+%
45% 28% Am-Hawla n SS (1) 25 44% 43% 44% - %
6% 4% Am Hide & Leather. 39 6% 6% 6% + %
*>6% 56% Am Home Pr (2.40). 1 65% 65% 65%+%
3% 2% Am Ice 1 3% 31^ 3% + %
35 24% Am Ice pf (,50e)._ 1 33% 33% 33$,+ %
6% 6 Am International... 1 5% 5% 5% + %
53% 50% Am Invi 111 )pf 2 60. 2 54% 54 54V, +1%
22% 18% Am Locomotive .. 8 21 20% 21 + %
61% 51% Am Locomotive pf_. 11 62% 60% 62% +2%
14% 13 Am Marl, & Fy 1 80) 2 13% 13% 13% + Vi
26 23% Am News Co (1.50). 40s 25% 26% 26% + %
5% 3 Am Powei & Light 2 3% 3% 3% — %
54 43 Ain P&LI5pf 1 875k 1 46% 46% 46%
63% 51% Am r&L 86 pf 2.25k 2 55V, 55% 55%
10% 8% Am Radiator _‘ 46 8% 8% 8%
17% 13% Am Rolling Mills ... 7 15% 16% 15V,
70 64% Am Roll M pf (3k). 1 68 68 68 + %
12% 11% Am Safety Raz 1.20 2 11% 11% 11% - %
11% 9% Am Seating i.60g)_. 1 10% 10% 10V»
37% 29% Am Ship Building.. 90s 36% 35% 36% — %
54 46 Am Sm & Ret 60e 4 50% 50% 50% + %
147 142 Am Sm & Ret pf (7) 3 146% 146 146 - %
152% 149 Am Snuff pf (6)_ 20s 151% 151% 151% + %
33% 25% Am Steel Fdry ,25e. 13 29% 28% 29% + V,
14% 12 Am Stores (.25e) .. 2 14% 14 14% -I- %
23% 18% Am Sugar Refining. 6 22% 22% 22% + %
175% 167% Am Tel & Tel (»)._. 11 173% 173 173V, - %
89% 85 Am Tobacco (5)_ 5 88% 88% 88% + %
91% 86% Am Tobacco(B)(6). 8 90% 90V, 90%+ %
5% 4% Am Type Founders. 2 5 4% 4%
12% 8% Am Water Works.. 10 10% 10 10 + %
11% 7 Am Woolen ... 75 12 11% 11% + %
52% 39 Am Woolen pf (3k). 20 52% 50% 51% +1
8% 5% Am Zinc . 3 7% 7% 7%
45% 39 Am Zinc prpf 2.50k. 1 45V, 45% 45%
32 26% Anaconda ,.25e> 50 31% 30% 31% + %
41% 35 Anaconda Wire & C 4 37% 36% 37% +1%
22% 19 Anchor Hoc G1.15e. 2 19% 19% 19% - %
114 110 Anchor H (i pf 6.60 10s 111 111 111 - Vi
35V, 31% Arch-Dan-Mid 35e. 2 34% 34% 34% +1%
110 106% Armour! DeDpfl7). 1 109% 109% 109V, + %
7% 5% Armour illl) .. 70 7% 7% 7% — %
64V* 46V* Armour 1 111 1 pr pf.. 7 63% 63% 63%
43% 37 Armstrong Ck 25e. 1 41% 41% 41% + %
11 10 Arnold Const 375e. 3 10% 10V, 10% + %
9 7% Assoc Dry Goods 18 8% 7% 8 + %
85 70 Assoc DG 2d 9.75k . 1 75 75 75
100% 97% Assoc invest pf (5) 130e 98% 98% 98% — %
25% 21% Atch Top&Santa F# 14 23% 22% 23% + %
57% 50% Atch T&SF pf 2 B0e. 4 57 56% 57 - %
23% 16% Atl Coast Line _ 4 17 17 17
22% 13%*Atl Gulf & W Ind .. 2 22% 21% 21% - %
22% 13% Atl Gulf & W Ind pf 3 21% 21% 21%-%
23% 20%. Atl Refining (1) 10 23% 23% 23% - %
110 107% Atl Refining pf (4). 1 107% 107% 107% — %
9% 8% Atlas Corp ( 60g) .. 19 9 9 9
51 47 Atlas Corp pf (3) 23 48% 47% 48%+ %
124% 117 Atlas Powder pf(B) 10s 120 120 120
8% 6 Atlas Tack _ 93 7% 7 7% + %
2% IV, Auburn Auto cr>_ 10 1% 1% 1%
5% 1% Austin Nichols__ 1 4% 4% 4% + %
8% 6 Aviation Corp _ 34 7% 7s, 7% — %
18 14 Baldwin Loco ctrs.. 7 16% 15% 16%+ Vi
6% 4% Baltl & Ohio ir> 3 5% 5% 5% -1- %
14% 10 Bangor & Arstook . 2 10% 10% 10% + %
52% 38V, Bangor & Ar pf (5) 160s 41% 41 41%+ V,
16s, 13% Barber Asphalt 25e 3 15% 15% 15V,
13% 10% Barnsdall Oil IBe . 6 11% 11% 11% — %
36s* 25% Bayuk Cigar 25e 3 35% 35% 35% + Vi
115% 1131.. Bayuk Cgr 1st (7).. 10s 114% 114% 114%
35% 26% Beatrice Crea (la) 5 34% 34% 34%+ %
127 120% Beech-Nut Pgk (4a) 1 121 121 121 + V*
9% 9 Belding-Hem (.40e) 2 9% 9V, 9% — %
36% 26% Bendix Aviat’n (le) 17 34% 34 34%+ %
22% 21 Beneficial Loan ,45e 4 22% 22% 22% + %
39 35% Best & Co 1.60a) 1 37% 37% 37% + %
83Vi 70% Bethlehem Stl (le). 125 84% 81 84% +3%
124V, 115 Beth Steel pf (7) . 1 124% 124% 124%
35VS 25+ Bigelow Sanf'd(le) 2 25+ 25+ 25++ +
22+ 19's Black & Decker 25e 1 20 20 20 + +
11+ 9+ Blaw Knox 3 10 9+ 10 4- +
23+ 18 Bliss & Laug ( 25e) 1 21 21 21 + +
16 13+ Bloomingdale .375e. 50s 15+ 15+ 15Vi + +
80 55+ Blumenthal (S) pf 10s 65 65 65 -1+
28+ 19+ Boeing Airplane 13 25+ 24+ 24+ — +
28 21+. Bohn Alum'n i.25e) 6 27*4 26+ 27** 4-1 +
70V4 62 Bon Ami i B> 2.50a 40s 66+ 66 66
28+ 22 Bond Stores (1.60). 3 28V4 27+ 28+ + +
24+ 21+ Borden Co (.60e)... 4 23*4 23'i 23+ - Vi
25+ 21+ Borg-Warner 25s.. 26 23+ 22+ 22+4- *4
2+ 2 Boston & Maine_ 12 2 2
85*4 31+ Bower Roll B (3)__. 7 35+ 35+ 35+ + +
7 6 Brewing Corp (.60). 1 6+ 6+ 6+
12*4 10+ Bridgeport Brass .. 10 11*4 11*» 11+ + +
23*4 19+ Briggs Mfg (.50e)__ 31 23+ 22+ 23++ +
53+ 51 Bristol-Myers 2.40.. 1 62V4 62V4 62+ - *4
24+ 13+ Bklyn-Man Transit. 3 22+ 22+ 22+ - +
101 49 Bklyn-Man Tran pf. 2 100 99 100 +1+
6314 48 Bklyn-Man pf ctfs. 3 61+ 61+- 61+ — +
3+ 1+ Bklyn & Queens .. 5 3+ 3+ 3+ + +
25V4 20 Bklyn Un Gas .50e_. 7 21+ 21 21 + +
29Vi 21+ Brunswlck-B 25e.. 4 26+ 26+ 26+
10V« 8+ Bucyrus-Erie ... 3 9V* 9+ 9+ + +
110+ 101+ Bucyrus-E pf (7)_ 20s 110 110 110
6+ 4+ Budd Mtg _ 9 6+ 5+ 5+
44*4 37+ Budd Mfg pf-100s 42V* 40+ 42+ +1'4
6+ 4+ Budd Wheel _ 7 6 5+ 5+ + +
30*4 20 Bullard Co ( 25e) .. 6 30+ 30 30+ +1
33 28+ Bulova Watch (2a). 1 29+ 29+ 29+ + *4
21+ 18 Burlington M (11... 11 20*4 20 20+ -f +
12+ 10+ Burr's Add M 20e._ 2 10+ 10+ 10+ - +
5+ 3'4 Bush Terminal ... 15 6+ 4+ 5 — +
13'+ 8+ Bush T Bldgs pf_120s 13 12+ 12+
7+ 6+ Butler Bros (.16e).. 3 6+ 6+ 6+ + +
23+ 20+ Butler Bros pf 1.60. 1 22+ 22+ 22+ — +
4+ 3+ Butte Cooper _ 1 3+ 3+ 3+ + +
13+ 11 Byers (AM) Co ... 1 12 12 12 — +
15+ 13+ Byron Jackson f 1)_ 1 14 14 14
26+ 21+ Calif Packing .25e_. 1 25+ 25+ 25+
ITi IV* Callahan Zinc . 5 1+ 1+ 1+ — +
8+ 6+ Calumet & Hec .50e. 1 7+ 7+ 7+ 4- V4
19+ 13+ Campbell Wy 65e . 13 19 18+ 18+ + +
23'» 16+ Canada Dry ... 9 21 20+ 21
6+ 4+ Canadian Pacific . 33 5+ 5+ 5+ + +
6 5 Capital Admin (A). 2 5+ 5+ 5+ — +
90 85+ Caro-Clln & U (6) 10s 88+ 88+ 88+
28+ 23 Carpenter Steel 50s 2 26 25 26
3+ 2+ Carriers & Gen 06e 2 2+ 2+ 2+ 4- +
75 66 Case (J 1) Co 4 68 67 68 +1+
56+ 47+ Caterpillar Trac(2) 13 51+ 61 51+ + +
34*4 2'6+ Ceunese Corp 60a 111 35V4 34 35 + Vi
119 107+ Celanese pr pf (71 150s 118*4 118+ 118+
12+ 9+Celotex Corp 22 10+ 10+ 10+ 4- 64
71*4 62 Celotex Corp pf (5). 60s 70 69 70 +1+
26+ 21+ Cent Aguirre (1.60) 12 26+ 25+ 25+ - +
3*4 2+ Central Foundry . 2 2+ 2+ 2+
114+ 111+ Cent (11 L pf (4.50). 10s 112+ 112+ 112+
11+ 6+ Central Vio Sugar.. 4 11 10+ 1064 — Vt
41+ 36+Cerro do Pasco <2e) 3 37+ 37 37 —1
8+ 6+ Certatn-teed _ 22 7 6+ 7 4- +
36*4 27+ Certain-teed pf_1310s 33+ 31 32+ 4-2+
30*4 21 Champ Pap & F .15# 2 29+ 29+ 29+ 4- +
105+ 102 Champ P&F pf (S). 10s 105V4 105+ 105+ 4- 64
294 15 Checker Cab Co . 2 27 26 27 +2
44 44 Chesapeake Corp (r 1 44 44 44
42% 384 Ches A Ohio <2 60). 4 39% 394 39%+ 4
124 9 4 Chi Mall Order 1 10 10 10
% V* Chi A Northw'n <r). 4 4 4 4
14 % Chi A Norwn pf (r). 6 ft % %
14% 104 Chi Pneu Tool 1 12% 12% 12% + 4
354 33% Chi Pn T cv pf «3>_ 1 34 34 34
% 4 Chi K 1 A P (r> .. 1 ft ft ft + ft
% % Chi R1AP6% pf(r). 2 % % %
114 84 Chi Yellow Cab (1). 3 10% 104 10%+%
164 114 ChickashaCot Oil . 5 15 144 144 -%
91% 794 Chrysler Corp t.26e 63 884 86% 88% +1%
144 12% City Ice A Fuel .30* 3 134 184 134 -4
98 93 City 1AF pf (6.60).. 60s 96% 96% 96% + 4
404 28 Clark Equip (la) .. 3 394 394 394 +4
1144 111 Clev El tllu pf 4.60. 10s 112% 112% 112% + 4
434 354 Clev Graphlte(.40e) 1 404 404 404 +4
80 76% Clev A Pitts (3.60).. 10s 78 78 78 - %
414 354 Climax Molyb 1.20.. 1 39 39 39
454 354 Cluett Peab (,60e).. 5 414 414 41% + %
142 136 Cluett Peab pf <7)_. 10s 140 140 140 +1
131 118 Coca-Cola t.76e) .. 2 1254 125 1254 - %
20 164 ColKate-Pal-P (.60) 35 17 16% 16%
354 28 Collins A Alkm’n 2* 2 33 324 324 -4
214 17 Colo Fuel A Iron . 8 204 204 204 + 4
26% 23 ColumBClA) 45e. 1 24% 24% 24%
264 22% Colum BC (B) .45* 4 24% 24 4 24% + 4
74 5% Columb G A El 20* 40 6% 64 64 -4
934 86 Col GAEpf (A)(6). 1 90 90 90 +4
84 6% Columb Pie vtc .. 3 6% 6% 6% - 4
234 194 Columb Plo pf 2.7*. 2 20% 204 204 - %
98% 874 Columb n Carb <1*> 1 944 944 944 +4
48 45 Cornel Credit (4)... 4 454 454 464 +%
56 514 Cornel Inv Tr 14)_ 4 534 534 534 +4
16% 13 Cornel Solvents .. 17 154 154 15% + 4
33 304 Comwlth Ed (1.80). 61 32% 324 32%
14 1 Comwlth A South'n 31 14 14 14
734 624 Comwlth A S pf (8) 5 654 65 65 -4
24% 214 Coneoleum (.25*) . 3 22 21% 21% - 4
94 54 Conn Rwy A Lt pf.. 20s 8 8 8
314 254 Consol Aircraft__ 8 804 294 294 — 4
■* 2:00 p.m.
Prev. 1940 Stock and Bales— Ket.
Hiah. Low Dividend Rate. Add 00. Hlsh. Low. Close, chse
16 7% Consol Cigar (.76a). 3 14% 14 14%+%
96 86 Consol C pr pf 6.60.. 20s 94 93% 94
9% 7% Consol Cop M .IBs.. 13 9 8% 8% — %
32% 30% Consol Edison (2).. 30 32 31% 31%
110% 107 Consol Edis pf 46>_ 4 108 107% 107% — %
8% 7 Consol 011 (.10) 18 7% 7% 7% + %
18% 14% Container Corp ,26a 47 19% 18% 19 + %
15% 12% Conti Baking (A>._ 2 12% 12% 12%
1% 1 Conti Baking (B)_ 3 1% 1% 1% + %
49% 41% Conti Can (le)_ 10 47% 46% 47 + %
40% 38 Conti insur 1.60a).. 4 40% 40% 40% — %
4% 3% Conti Motor _ 20 3% 3% 3% - %
25 22% Conti Oil i.26e)- 24 23% 23% 23%+%
33 25 Conti Steel 26e_ 4 31 30% 30%+ %
26% 16% Copperweld Stl .20e. 64 25 24% 24% + %
69% 62% Copperweld pf 2.60. 8 69 67% 69 + %
61% 63 Corn Exchange (3). 60s 54% 64% 64% + %
65% 68% Corn Products (8)_. 10 60% 60% 60%+%
7% 4% Coty Inc (.25e)_ 2 6% 6% 6%
1% % Coty International. 1 1% 1% 1%
24% 19% Crane Co ... 8 20% 20 20%+%
32% 28% Cream of Wheat(2). 3 29% 29% 29% - %
7% 6% Crosley Corp .. 1 6% 6% 6%
38% 27 Crown Cork A Seal 3 35% 35 35% + %
45 37 Cr’n CAS pf ww 2.26 60s 44% 44% 44% +1
19% 15 Crown Zellerb’k.76e 24 19% 19V* 19% + %
43 34v* Crucible Steel _ 17 42% 41% 42% +1%
94 78% Crucible Steel pf_ 1 94 94 94 +1%
8% 6% Cuban Am Sugar_ 8 8% 8% 8% - %
91% 79 Cub Am S pf (2k)._ 60s 88 88 88 - %
17 12% Cudahy Packing .. 6 17 16% 16% - %
29% 26 Cuneo Press (1.60). 1 26% 26% 26%-%
4% 3% Curtis Publishing.. 9 3% 3% 3%
46 40% Curtis Pub pf (lk). 4 43 42% 43
11% 9% Curtiss-Wright .. 170 11% 10% 11 + %
32% 27% Curtlss-Wr(A) .60s 20 29% 29% 29%+%
21% 18% Cutler-Hamm'r 26a 3 21% 21 21%+1%
6% 4% Davega Stores .25e. 1 5 6 5 + %
8% 6% Davison Chemical.. 2 7% 7% 7% — %
23% 19% Deere A Co - 20 23% 22% 22%-%
23% 16% Del A Hudson_ 6 17% 17% 17%
6% 4% Del Lack A Wn. ... 2 4% 4% 4% + %
234 18% Devoe & Hay A 26* 250s 194 19 194 + V*
434 384 Diamond M of 1.60. 2 404 404 404 + 4
104 8 Diam T Motor _ 2 84 84 84
20 184 Dlstlll-Seagr <2> . 9 194 194 194 +4
38 344 Dixie Vor(A><2.60). 80s 37 36% 37
244 16% Doehler Die C .25a.. 33 24% 23% 24 + 4
234 18 Dome Mines (2) ... 3 184 184 184 + %
94 4 75 Douglas Air <3g)_ 7 90% 89 90% + 4
29 14% Dresser Mfg _ 63 294 28 28% +14
10 54 Dunhlll Internatl_ 1 8 8 8 —4
1894 175 Du Pont (1.76e>_ 16 1884 1874 1884 +14
126 122 Du Pont pf (4.60)._ 2 1244 1244 1244 - 4
444 264 Eastern Air Dines.. 83 41% 404 41% +14
64 44 Eastn Roll Mills .. 2 5 ft 5+4
166% 1454 Eastman Kodak <6) 8 156 1554 156 - V*
37 274 Eaton Mfg t.75e)_ 6 354 35'% 354 +4
14 4 Eitlngton Schlld .. 8 ft, (j, fi,
41% 34% Eleo Auto Lit# ,76e. 14 404 404 404 + 4
18% 124 Electric Boat 60g__ 40 18 17% 174 + 4
1% 14 Electric & Music 1 14 14 14
84 44 Eleo Pwr & Light.. 7 6 5% 6 + 4
31% 224 Eleo Pwr & Lt 66 pf 2 29 284 29 + 4
364 26% Eleo Pwr & Lt 67 pf. 7 334 324 334 + 4
32% 284 Elec Stor Bat (2)_ 2 324 324 324 + V*
1% 14 Elk Horn Coal. 2 14 14 14
414 36 El Paso Nat G (2)._ 2 364 36 36
46 42 Endlcott-John (3).. 1 454 454 454
12% 8 Eng Pub Service 6 9% 94 9% — 4
89 80 Eng Pub'Svo pf 6.50 3 84 84 84 -4
1% 14 Erie HR (r) .. 2 14 14 1 Vi
3% 2 Erie RR 1st pf (r).. 2 24 24 24 +4
1% 14 Erie RR 2d pf <r)_ 1 1% 1% 1%
104 84 Evans Products 11 10% 9% 104 + 4
31% 204 Ex-Cell-O <.40e)_ 7 314 31 31V* + 4
494 344 Fairb’ks Morsel la) 2 474 474 474
314 25 Fajardo Sugar 50e_ 6 30 294 294 - %
44 3% Fed Motor Truck .. 7 4 4 4 —4
1 % Fed Water SVC (A). 2 % % %
20 164 Ferro Enamel (la). 1 16% 16% 16% + %
40% 37% Fidelity Pnoe 1.60a. 8 39% 394 394
21% 19 Firestone Tire ,60e. 1 19% 19% 19% + %
46 43% First Natl Strs 2.60. 4 444 44 444 + 4
21% 18V* Fllntkote (lg) . 7 19 18% 18% + 4
38V* 32 Florence Stove .60e. 2 364 364 364 - 4
35 27 Food Mach (.25e) 1 274 27V* 274 + 4
107% 105 Food Mach pf(4.50) 20s 1074 107 1074 + 4
204 16% Foster Wheeler . 13 194 19 19V*
324 29 Franklin Simon pf.. 30g 30 30 30
38% 314 Freeport Sulph (1). 15 36% 36 364 + 4
24 14 Gabriel (A) _ 12 2 2
54 2% Galr (Robert)_ 63 5 4% 5 + V*
17% 124 Galr (Robert) pf... 18 18% 174 18% +14
6% 44 Gar Wood Indust .. 5 6% 6% 6% + 4
14 11 Gaylord Cont (.10e) 7 14% 14 14% + %
50 484 Gayl d Cont pf 2.75. 1 50 50 50 + %
574 51 Gen Am Tra 2.376g. 3 524 524 624 + 4
84 7 Gen Baking (.15e).. 2 74 74 74
145 135 Gen Baking pf (6).. 20s 135 135 135 - 4
114 7% Gen Cable _ 9 84 84 84 — 4
80 484 Gen Cable pf_ 6 78 77 78 +2
194 174 Gen Cigar 25e_ 2 194 19 19
1174 1134 Gen Cigar pf (7)_._ 40s 116% 116% 116%
41 364 Gen Electric (.25e). 48 374 37v* 37% + %
49% 454 Gen Foods (2) 33 49V* 48% 48% + 4
% 4 Gen Gas Sc El (A)_ 2 4 4 4
101 *864 Gen Mills (4a)_ 1 984 984 984 +4
56% 51 Gan Motor (.76e)._ 60 54 53% 54 + %
74 4% Gen Outdoor Adv__ 2 6 6 6 —4
194 154 Gen Rwy Signal_ 6 184 174 174 - 4
# 4 Gen Realty & Util.. 6 % % %
33% 274 Gen Refractor ,25e. 1 31 31 31
30% 24 Gen Steel Cast pf .. 90s 28% 28 28% + %
24% 194 Gen Telephone 1.20. 4 224 224 224
13% 11% Gen Thea Equ ,20e_. 2 12 114 12 + 4
18% 15% Geri Time Inst ,25e. 3 18% 18% 18% + 4
23% 184 Gen Tire &R 50e .. 4 184 184 184 + 4
6% 6 Gillette Saf R (.60). 6 64 64 64
514 474 Gillette S R pf (6).. 3 48 48 48 + 4
9 7 Glmbel Bros _ 3 74 74 74 + 4
584 474 Glmbel Bros pf (6). 1 554 554 554 +4
19% 16% Glldden Co _ 2 174 17% 174 + 4
44 24 Gobel (Adolf)_ 9 4 34 4
88 804 Gold Stock Tel (6).. 10s 85 85 85 +44
20% 164 Goodrich (BF) _ 5 18 174 18
244 21% Goodyear T&R .60e. 5 224 21% 21%
IV* % Graham-Paige 5 U ft ft
94 74 Granby Consol .50e. 3 9 84 9
10 94 Grand Union x ctfs. 2 94 94 94
36% 31% Grant (WT) 1.20e.. 3 35 34% 35 +4
274 224 Great North’n pf... 29 27% 27 27% + 4
18% 124 Grt NorOctfa 76e_ 3 144 14% 144 - 4
354 30% Green (HL) ((2a).. 1 32% 32% 32% - V*
17% 154 Greyhound (1) ... 16 154 15V* 154 + 4
12 11 Greyhound pf (.65). 5 11% 11% 11%+%
3% 2 Guantanamo Sugar 1 34 34 34 -4
304 20 Guantanamo S pf . 20s 30 30 30
204 16 Hall (WF) Prtg (1) 3 17% 174 174 -%
1064 1044 Hamilton W pf (6) 10s 1054 1054 1054 - 4
28V* 234 Harb-Walker (,50e) 2 254 25 254 + 4
44 34 Hayes Mfg Corp .. 25 44 44 44 + 4
11% 94 Hecker Prod (.60).. 3 104 104 104
110 1074 Helrae (G WH6a)_. 1 1094 1094 109V*
214 14 Hercules Mot 26e . 49 214 204 21 + %
1004 874 Hercules Powd 60a. 2 974 97 974 +1
674 61 Hershey Choc (3)_ 1 66 66 66
35V* 304 Holland Furn .60e._ 2 334 334 334 - %
164 124 Holly Sugar ._ 1 154 154 154 - 4
604 52 Homestake (4.60).. 4 55 54% 54%-%
16V* 114 Houd Her (B) 25e. 2 15% 15 154 - 4
71 67 Household Fin (4a). 1 714 714 714 +4
64 54 Houston Oil ... 7 5% 6% 5%
50% 41 Howe Sound (3)__ 1 44 44 44
27 19% Hudson Bay 1.75g._ 1 19% 19% 19% — %
1% % Hudson A Manhat-. 4 1% 1 '4 1%
6% 6% Hudson Motor_ 3 5% 5% 5% + %
1 % Hupp Motor _ 11 01 % %
13% 9% Illinois Central_ 3 11% 11 11% + %
43% 38% Illinois C L (4)_ 30s 40 40 40
9% 5% Indian Refining_ 9 9% 8% 8% + %
29 25 Indust Rayon .50e.. 7 25% 24% 25 — %
118 108 Ingersoll Rand (le) 2 110 110 110 +2
90 80% Inland Steel He) .. 2 89% 89 89 -%
15% 11% Inspiration Copper. 6 14% 14% 14% + %
6% 5% Insurshares l.20g). 5 fi% 6% 6%
5% 3% Interboro R T Ir) __ 10 3% 3% 3% + %
3 2% Interboro R T ct_ 1 3 3 3 + %
47% 40 Interchemlcali SOe) 2 41% 41% 41% + %
113 108 Interchem pf 16)... 100s 110% 110% 110% - %
12% 8% Interlake Iron _ 11 11% 10% 11%+ %
38 32% Inti Agrlcul pr pf._ 1 35 35 35 +1
191% 174 Inti Bus Mach i6a). 1 177 177 177 +1
62% 63% Inti Harvester 1.60. 10 58% 57% 58% + %
5% 3% Inti Hydro-El (A).. 15 3% 3% 3% + %
14% 8% Inti Mercantile Ma. 41 14 13% 13%
7 5% Inti Mining (.10e)_. 16 6 6
38% 30 Inti Nickel Can 12). 37 30% 30% 30%
20% 10% Inti Paper A Power 144 20% 20% 20%
71% 50% Inti Pap&P pf 1.25e. 56 72% 71% 71%—%
56% 51 Inti Ry Cen A pf 2k. 90s 52% 51% 52
37% 34% Inti Salt (1.60)_ 2 36% 36% 36%-%
36% 31% Inti Shoe (1.60)_ 3 34 33% 34 +%
28 24% Inti Silver _ 1 23% 23% 23% -1
4% 3% Inti Tel A Teleg .. 8 3% 3% 3% — %
10% 8% Interstate Dept Str. 2 8% 8% 8%
17 13% Jarvis l WE] l.375e) 5 14% 14% 14%+ %
52 45% Jewel Tea (2.40)_ 2 49% 49% 49%+ %
77% 67 Johns-Manvllle 3 68% 68% 68% + %
69 55% Jones & Lau pf (lk) 2 64% 64% 64%+1%
16 13 Kalamazoo Stov 60. 1 14% 14% 14% — %
20 17 Kans City Sou pf_._ 1 19% 19% 19%
15% 12 Kaufman Dept .25e. 1 12% 12% 12% + %
17% 10% Kelsey-Hayes (A).. 63 17% 17 17% + %
9% 5% Kelsey-Hayes (B)_. 35 9% 9% 9% + %
103% 90 Kendall Co pf (6a). 10s 102% 102% 102%
38% 34% Kennecott Cop .26e. 40 36% 36% 36% + %
14% 13% Keystone Steel ,25s 1 13% 13% 13% - %
46% 35 Kimberly-Clark (1) 1 44% 44% 44%+ %
31% 26% Kinney (GR) »5 pf. 40s 30% 30 30
26 24% Kresge (SS) 1.20a.. 8 25% 26% 26% + %
29% 25 Kress (S H)(160)._ 2 28% 28% 28%—%
34% 28% Kroger Groc (2)- 21 34% 34% 34%+%
16% 15% Lambert (.76e) __ 4 15% 16% 15%
35% 30% Lee Rub& T l.76e). 2 30% 30% 30% — %
1% % Leb Valley Coal ... 5 1% 1% 1%
4% 2% Leh Valley Coal pf. 1 4 4 4
4 3 Leh Valley RR (r). 1 3% 3% 3%
24% 21 Lehman Corp (.40e) 7 24% 24% 24%
14 12% Lehn A Fink .26#... 1 13% 13% 13% + %
29 26% Lerner Stores l2)._ 1 27% 27% 27% — %
63% 48% Llbbey-Ow-F (le). 7 60% 50 60%+1
9% 6% Libby MeN A Lib... 21 8% <8% 8%
109% 105 Llgg & MyersiB)4a 7 108% 108% 108%
29% 24% Lima Locomotive_ 8 26% 26 26%
13% 11% Lion Oil Ref (1) ... 3 13% IS 13%+%
18% 15% Liquid Carbonlc.50e 2 16% 16% 16% - %
41% 27% Lockheed Aire_ 63 40% 39 39%
37% 33% Loew'alne (2) _ 3 35% 35 35%+%
109% 106 Loew’s Ino pf (6.60) 1 109% 109% 109% + %
39% 18% Loft ino_ 119 34% 82% 33% - %
2:30 D.m.
Pr«v. 1840 Stock and Sales— Met.
Hlah. Low Dividend Rate Add 00. Hlah Low. Cloae. chae.
46% 42% Lone Star Cmt (3).. 3 43% 43% 43% .+ %
4% 2% Long Bell (A) 1 3% 3% 3% - %
18% 16% Loose-Wiles ,75e.__ 1 17% 17% 17%+ %
26% 23% Lorlllard i.30e> .. 3 24% 24% 24% + %
21% 16% Louis G&E (A) 1.60 1 19% 19% 19%+%
36 33 MacAnd&Forb (2a) 1 33% 33% 33% + %
28% 23% Mack Trucks _ 4 26% 26% 26%
31 27% Macy (RllfcCo (le). 6 29% 29% 29% + %
12% 11% Madia Sq Gar ,25e._ 1 11% 11% 11%
4% 2% Manatl Sugar ... 3 4% 4% 4% - %
17 14% Man Ry mod gtd(r). 3 16% 16% 16%
16% 14% Man Ry m gtd ct(r) 2 16% 16% 16% - %
16% 14% Manhat Shirt (1) .. 1 15 16 15 + %
5% 4% Marine Mldl’d(.20e) 6 4% 4% 4% + %
8% 3% Market St Ry pr pf. 140a 7% 7% 7%
15% 13 Marshall Field .40.. 24 15% 14% 16% + %
47% 35% Martin (Glen)_ 12 45% 45 45% + %
14% 7% Martin-Parry_ 7 13% 12% 12% — %
40% 31% Masonite Corp (la). 2 33 33 33
32% 25% Mathleson Aik 1.60. 4 32 32 32
63% 50 May Dept Stra (3).. 5 51% 51% 51%+%
105 98 Maytag 1st pf (6).. 10s 104% 104% 104%+3%
16% 14% McCall Corp (1.40). 1 15 15 15 - %
17% 14% McCrory Stra (lj... 7 16% 1G% 16%+%
29 22% McOraw Elec (1) .. 5 27% 26% 27% + %
8% 7% McGraw-Hill (,30e) 2 9 9 9 + %
47% 37 McIntyre Pore (2a). 3 37% 37% 37% -1%
12% 9% McKeesport Ttn ... 6 10% 10% 10% + %
8% 6 McKesson & Rob .. 35 7 6% 6% + %
32% 25% McKesson & R pf.. 5 28% 27% 28% +1%
14% 9% Mead Corp — 15 1414 13^ 13% - %
80 64 Mead Corp pf (6)_ 10s 80 80 80
34% 29% Melville Shoe (2)_ 3 34 33% 33% - %
6% 4% Mengel Co - 12 5% 4% 6% + %
26 21 Mengel Co 6% pf... 70s 22 21% 21% - %
20% 13% Merch & Min Trans 470s 20% 20% 20%
32% 28 Mesta Mach (le) _. 3 29% 29% 29% - %
12% 8% Miami Copper .2 0e. 2 11% 11% 11%
16% 13% Mid Corn Pet (.40e). 4 15% 15% 15%+%
40% 33 Midland Stl P ,50e.. 3 38 37% 38
120 111 Mid Stl 1st pf (8)_ 10s 120 120 120
4% 3% Minn-Moline Imp 23 4% 3% 4% + %
43% 37% Mlnneap-Mollne pf. 6 44% 43% 44% +3%
11 9% Mission Corp < 65g) 4 10% 10% 10%+%
4% 2% Mo-Kan-Tex pf .._ 3 3% 3% 3% + %
^ Mo Pacific pf (r)- 9 ft ft ft
115 104 MonsantoCh (2) .. 4 114% 113% 114%+1%
56 50% Mont Ward (1.75e). 10 51% 51% 51% + %
30% 26% Morris & Es (3 876) 10s 26% 26% 26% — %
16 10% Motor Products . 13 16 15% 15% + %
18% 15% Motor Wheel <1.60) 7 17% 17 17% + %
26% 22 Mueller Bruss _ 1 22% 21% 22% + %
5% 4 Mullins Mfg < B)_ 12 4% 4 4% + %
39 30 Mullins Mfg pf ... 90s 33 32 33 +1%
15% 10 Munslngwear .25e_. 4 13% 13% 13% - %
8% 5% Murray Corp _ 8 7% 7% 7% + %
7% 6% Nash-Kelvmator_ 4 6% 6% 6%
22% 17% Nash Chat&StL le.. 10» 18 18 18 - %
19% 13% Nat'l Acme (.60g)__ 11 19% 19% 19%
16% 11% National Aviation.. 5 15 14% 15 + %
24% 22% Natl Biscuit < 40e)_ 17 24% 24 24%
20% 18% Nat’l Bond & S.30e.. 1 20% 20% 20% + %
16% 13% Natl Cash Keg (1).. 10 13% 13% 13%+ %
18% 16% Natl Dairy (.80) 25 18% 18 18%
116% 110% Natl Dairy pf A<7)_ 30s 111 110 110% -1%
114 109% Natl Dairy pf B<7). 10s 110% 110 110% + %
6% 5% Natl Dept Stores_ 1 6% 5% 5%
26% 23 Natl Distillers (2)_. 6 25% 25% 25% - %
12% 9% Nat’l Gypsum_ 7 10% 10% 10%
22% 19% Natl Lead (.50)_ 20 22 21% 22 +1%
148% 140 Natl Lead pf(B)(6) 10s 143 143 143 +1
27 21% Natl Malleable 25e. 9 25% 25 25% +1
8% 7% Natl Pwr & Lt .60_ 18 8 8
73% 63% Natl Steel (,60e)_ 5 66 65% 65% + %
9% 7% Natl Supply _ 38 8% 8 8% + %
13% 12 Natl Supply $2 pf... 2 12% 12% 12%+%
43% 39 Natl Supply 5.50 pf. 2 40% 40 40% +1
8% 3% Natl Tea Co _ 1 7% 7% 7% + %
10% 9% Natomas (.80)_ 1 10 10 10
14% 11% Newport Indus _ 1 12% 12% 12% — %
50 41 N Y Air Brake (le). 2 48% 47% 48% +1%
18% 14% N Y Central .. 45 16% 15% 16% + %
21% 15 N Y Chi & St Louis. 2 18% 18% 18', - %
39 29% N Y Chi & St L pf... 1 32% 32% 32% - %
12% 6% N Y Dock pf .. 3 11% 11 11 - %
115% 110 N Y & Harlem (5).. 10s 112 112 112 +1
% % N ¥ N H & H (r) ._ 5 % % %
2 % N Y N H & H pf (r) 4 % % + ft
26% 13% N Y Shipblldlng 60 26% 26 26% + %
121 92 N Y Shlpbg pf l.TBk 100s 119 119 119
35% 28% Noblltt-Sparks 60e 1 34% 34% 34% + %
219 208 Norfolk & Wn (10). 1 216% 216% 216%
113% 110', Norfolk & W pf (4). 70s 112% 111% 112%
26% 20% Nor Am Aviatloji... 14 23% 23% 23%+ %
23% 20V, Nor Am Co (1.20) 11 22 21% 22 + %
58 55 No Am 6%% pf 2.876 1 57 56% 56% + %
59 56 No Am Co 6% pf (3) 3 58% 58 58 - %
9% 7% Northern Pacific . 6 8% 8% 8%
34% 33% Northwest Tel (3).. 20s 35% 35% 35% +1%
5% 3% Norwalk "T’lre . 1 3% 37, 37, —
42% 39% Norwalk T pf(3.50) 10s 38 38 38 -1%
8 6% Ohio Oil . 8 7% 7% 7% + %
23% 18% Oliver Farm Equip 1 21% 21% 21% + %
18% 15% Otis Elevator (,15e) 13 16 151% 16 + %
144 138% Otis Elev pf (6)_ 10s 138% 138% 138%
12% 9% Otis Steel ... 2 11% 11% 11% + %
64% 59% Owens-Ill G1 (le)_ 2 63% 63% 63%+ %
9% 5% Pac Am Fisheries.. 10 9% 8% 9% + %
23% 17 Pac Coast 1st pf .. 40s 17V* 17 17 - %
14 11 Pac Finance (1.20). 2 13% 13% 13% - %
34% 32% Pac Gas & Elec (2). 31 33% 31', 31», -1%
50 42V, Pac Lighting (J)._. 2 44% 44% 44% - V,
16% 13 Pac Mills 5 15% 15% 15% + %
139 130% Pac Tel & Teleg (T) 10s 133 133 133 +1
8% 6% Pac Western O ,40g 2 7% 7% 7%
4% 3% Packard Motor 10 3% 3% 3%
25V, 15% Pan-Am Airways.25 22% 21% 22s, + %
1 % Panhandle _ 3 ^ % }J + ft
8% 7 Paramount Pic ... 20 7% 7% 7% + y»
10% 8% Param't 2d pf 1 60). 1 9V* 9% 9% + v«
2% 1% Park Utah M .10e .. 6 2% 2% 2%
44% 42% Parke Davis (,80e). 1 43% 43% 43% — a,
22% 18 Parker Rust (1)_ 3 21 21 21 - V,
2%. 1% Parmelee Trans_ 1 1% 1% 1%
12% 9% Pathe Ftlm _ 7 11 10% 11 + y,
8% 5% Patino Mines . ___ 1 8% 8 8
62% 55 Penick & Ford (3).. 1 59 59 59
95 88 Penney iJC) (.75e). 4 94% 94% 94%
24', 21% Penn Railroad (lg) 20 22% 22% 22% + %
29% 21% Pere Marquette pf. 130s 25% ’24% 25%+ %
39% 30% Pere Marq pr pf_ 140s 37% 36 37%+1%
23V, 21 Pet Milk (1) __ 1 23 23 23 + %
10% 6% Pfeiffer Brew (1)_ 3 9% 9 9
40% 34% Phelps Dodge ,25e.. 4 38 37% 38 + %
% % Phila & R CA 1 (r). 2 ft ft ft
96% 88', Philip Morris (3a).. 6 96% 96% 96%
7% 4V, Philllps-Jones _ 4 5% 5% 5%
41% 36% Phillips Petrol (2). 3 39% 39 39% + %
9% 8 Pierce Oil pf 1 9% 9% 9% + %
8% 6% Ptttsbgh Screw 15e 17 7 7
34% 28 Pitts Steel pf (B).. 20s 33 32 33 +2
19% 16 Pitts Steel 5% pf... 50s 17% 17% 17% + %
16% 12 Pttts & W Va .. 20s 14 14 14 + %
22% 20% Plymouth Oil 1.40.. 1 20% 20% 20% - Vi
12% 10 Poor & Co (B) .. 2 11% 11% 11%,
% ft Port R Am To B(r). 1 % % % — ft
14% 11% Pressed Steel Car .. 6 13% 12% 13
71% 65% Proctor & Gam (2a) 9 71% 71 71% + %
43% 39% PubSvo(NJ) 60e_. 5 42 41% 41% +. %
165 160% Pub Svc(NJ)pf (8)_. 10s 165 165 165 +1%
32% 24% Pullman (.25e)_ 22 25% 25 25% + %
11% 8% Pure Oil _ 37 11 10% 11
87% 77% Pure Oil pf (5)_ 1 87 86% 86%+%
15% 14 Purity Bak (,25e)._ 4 14% 14% 14%
15% 14% Quaker Sta Oil .25e. 2 14% 14% 14% + %
7% 6% Radio Corp (.20e)80 7 6% 6% + %
69 60% Radio C cv pf (3.50). 1 67% 67% 67% + %
1% 1 Radto-Keith-Or (r). 3 1% 1% m
25% 15% Rayonler Inc .. 33 25% 25% 25% + %
34% 27 Rayonler pf ( 50k). 2 34% 34 34% + y.
14% Heading Co <1) ... 1 15% 15% 15% — %
13 11% Reis & Co 1st pf ... 210s 12 11% 12 +1
10% 9 Reming Rand (,40e) 4 9% 9 9 - %
2 1% Reo Motor vtc ctfs. 6 1% 1% 1% + %
23% 18% Republic Steel . 85 21% 20% 21%+ %
95 79% Rep Stl cv pf 7.60k. 2 86% 86 86% +2%
79% 65 Rep Steel pf A (6).. 1 73 73 73 -4
14% 11% Revere Copper .. 7 13% 13% 13% 4. %
30% 22% Revere Copper (A). 1 28% 2814 28%+1
61% 45% Revere Cop 6V4% pf. 20s 57% 57 57 — %
• 5% 9% Reynolds Metals 2 13% 13% 13% + %
10% 6% Reynolds Spring __ 18 10% 10% 10% - %
43% 39% ReynTob (B) (le). 10 43% 43 43
8% 6% Richfield Oil ( 60g). 6 7% 7 ' 7%
1% % Rutland RR pf (r).. 1 1% 1% 1% + %
53 44% Safeway Strs .75e._ 2 51% 50% 51% + %
111% 104 Safeway S pf <6) — 10s 10S*/4 108 108%
42 36% St Joseph Lead (1). 1 39% 39% 39% — %
29% 19% Savage Arms t.25e) 4 28 27% 27% +1
14% 11% Schenley Distillers. 1 13% 13% 13% + %
79% 72 Schenley pf i'5.50).. 1 79 79 79
% % Schulte Retail S (r) 5 ft ft ft
49 40% Scott Paper (1.60).. 1 42% 42% 42% + %
% % Seaboard Air L tr). 5 ft % %
2% 1% Seagrave Corp. ._ 2 2% 2% 2% + %
88 80% Sears Roebuck (3). 11 86 85% 86 +%
2:30 p.bl
Prev. 1940 .Stock and Sales— Ret
®Z _ Dividend Rate. Add 00. High. Low Cloae chse
16% 13 Berval Ino (1)- 10 13% 13% 13%+%
16% 12% Sharon Steel_ 1 14% 14% 1414
6% 4% Sharp te Dohme_ 1 5% 6% 6%
7% 6% Shattuck (FOX.40) 1 7% 7% 7% — %
3% 10% Shell Un OH (.60g). 8 13 12% 12% — %
24 20% Simmons Co_ 10 22 21% 21% — %
22% 18% Skelly OH 1.25ei ... 3 20% 20% 20% — %
120 105 Sloss-Sheffield ,76e. 20s 117 116 117
24% 19% Snider Pkg _ 1 22% 22% 22% - %
12% 10% Socony-Vao -25e___ 31 11 10% 11
2% 2 So Am Grid (,10e)__ 2 2% 2% 2% + %
29% 22% So Porto Sug (1)__. 7 29% 28% 29%+ %
152 144% South P R pi (8)... 10s 152% 152% 152%+2%
30% 28% Southn Cal Ed 1.60a 6 30% 30 30%
16% 11% Southern Pacific_ 27 12% 12% 12% + %
20% 14% Southern Railway.. 10 16% 16 16% + %
34% 25% Southern Rwy pf... 6 -27% 26% 27% +1
2% 1% Spark* Wlthlngton. 16 2% 2% 2% + H
23% 21 Spencer Kell (1.60). 1 23% 23% 23% + %
47 41 Sperry Corp (2g)— 19 44% 43% 43%-%
38% 29 Spicer Mfg (le)- 4 36% 36 36%+1
*11% 8% Spiegel. Inc (.30e).. 13 9% 9% 9% + %
66% 60 Spiegel Inc pf 4.60.. 10s 66 66 66 + %
40% 29% Square D Co (.30e). 2 39% 39% 39%
7% 6 Stand Brands .80s . 83 7% 7% 7%
108% 103% Stand B+ds pf 4.60. 1 108 108 108
1% stand Gas & Elec... 1 1% 1% i%
7% 3% Stand G&E 34 pf_ 18 4% 4% 4% + %
1874 10% Stand G&E 36 pr pf. 1 1674 1674 16% +174
22% 1374 Stand G&E 37 pr pf. 8 1874 17% 18% +174
26% 2274 Stand OH of Cal (1) 15 2274 22% 22%+ 74
29 25 Stand Oil Ind (1)... 14 27% 27% 27% - 74
46% 40 Stand Oil N J (la).. 32 42 40% 4174+1
80% 7674 Sterling Prod (3.80) 3 78% 77% 77% - %
8% 7% Stewart-Warner_ 5 8 7% 8 + %
■»% 5 Stpkely Brothers__ 7 7% 7% 7%
12% 9% Stone & Webster_ 9 9% 9% 9% + %
12% 9 Studebaker__ 45 11% 11 11%
63% 5674 Sun Oil (la)__ 2 6274 62% 6274+ %
10% 9% Sunshine Min 1.60__ 6 974 9% 974
2774 20% Superheater (.50)_ 9 24 23 24 +1%
ofv JL 5 uperlor 0” — 1 2% 2% 2% + %
85% 28H Suther! d Pap 1.20__ 1 31 31 31 — y4
24’4 22 Swift & Co (1.20)— 64 2474 24% 24% - %
32% 27% Swift Inti «2) ... 2 30% 29% 30%+ %
9% 7% Symlng-Gould ww.. 7 8% 8 8% + %
7% 574 Symlng-Gould xw._ 9 6% 6% 6% + %
40 3474 Talcott(J)pf 2.75— 80s 37 37 37 -1%
7 5% Tennessee Corp- 5 6% 6% 6% + 1,4
47% 42% Texas Corp «2) 25 46% 46% 46% + 74
474 3', Tex Gulf Prod(.lOe) 1 374 374 374
35% 32% Tex Gulf Sul (2) . 11 35 34% 34%+ >4
8% 7' , Tex Pac C&O (.40). 1 8 8 8 - 74
18% 13% Thatcher Mfg (1) 3 13 12% 13 — %
427% 34 The Fair pf.. 10s 36% 36% 3674 +1%
5% 37, Thermold . ... 11 5% 5% + v.
34 26% Thermold pf (.76k). 60s 33% 33% 33%
774 2% Third Avenue ... 2 6% 6% 6%
5% 4 Thompson (J R)_._ 3 5% 5% 6% + 74
3874 27:» Thomp Prod (.25e). 9 38 37% 31% + %
274 174 Thompson-Starrett. 3 2 174 & + 74
11% 10 Tide Wat A 0.16e._ 10 11% 11% 11%
26% 20', Tlmken-Det Ax (1) 80 27% 26% 27% +1%
52 46% Timken R B (,60e). 6 49 48% 48%
7 5% Transamerlca (.50) 11 57% 5%, 51,
2174 12% Transcont' & W Air 22 2074 19% 2074 + 74
8% 7 Transue & Will .15e 1 8% 8(4 8% + %
2% 2% Tri-Continental_ 4 2% 274 2% + %
10 8% Truscon Steel_ 2 9% 9 9% + %
13% 97* 20th Century Fox_ 7 914 9% 9% - %
2574 21% 20th Cen F pf 1.60._ 2 21% 21% 21% — %
374 2% Twin City Rap Tr._ 2 2% 2% 274
1374 9% Twin Coach _ 2 11% 11% 11% + 14
174 74 Ulen & Co (r)_ 5 % % % + A,
45 39% (Jnderw-Ell-F SOe 3 40 3'9% 39% -1%
18% 1174 Un Bag & Pap 15e). 60 18% 18% 18%
88% 78% Union Carb (l.lOe). 8 83% 82% 83% +1%
17% 16 Union Oll(Cal) 50e. 1 16% 16% 16%
98 93 Union Pacific (6) ... 1 96% 96% 96% - %
89% 84 Union Pac pf (4)... 2 857, 951., 857* + n,
53% 43% Unit Aircraft (2g). 31 51 4974 50% - %
23*4 14% Unit Air Lines 60 22% 21% 22% + ’4
18 15% United Biscuit.SOe. 3 18 17% 17*4+ %
119 112 Unit Biscuit of (7) 20s 1127, 112% 112% - %
6574 54% Unit Carbon (3) 4 64% 64 64% + %
1974 1773 Unlt-Carr-Fast ,30e 2 18% 18 18% + %
274 2 United Corp . 3 2% 2% 2%
42 36% United Corp pf (3).. 3 37% 3714 3714
774 5 United Drug ... 10 6% 6% 6% + %
6 4'4 United Dyewood_ 1 4% 4% 43,
85% 75 United Fruit (4)... 5 81% -80% 81%+%
15 1174 United Gas Imp (1) 12 12% 12% 12%+ 74
13%- 10', Unit Mer & Mfg ,60e 6 11% 11% 11%+ %
7% 4% United Paperboard 1 6% 6v« 6% — 74
10% 774 U S Distributing pf 340s 10 974 9%
774 5% U S & For’n Secur 1 5% 5% 5%
94 80 U S & For Sec pf(6) 1 92 92 92 +1
89 80% U S Gypsum (2) .. 1 82% 8274 82%+ %
26% 21 US Indus Alcohol.. 3 24% 24 24
7% 5% U S Leather _ 15 7% 7% 7% _ %
12% 9% U S Leather (A) 23 12% 12 12% + %
38% 347, U S Pipe & Fdry (2) 1 35% 35% 35%+%
1% 1% U S Realty & lm(r> 8 1% 1% 1% + %
41% 32% U S Rubber 30 33(4 32% 33% + %
117 101 U S Rub 1st pf (2e) 34 103% 100 101% -2%
65 60% U S Sm & Ref (2e) 2 61% 61 61',+ %
70% 64% U S Sm & R Df 3.50 2 69% 68% 69% + %
68% 537j U S Steel (le) - 100 6274 6O74 62v» +1%
124 115 U S Steel pf (7)- 5 12474 123% 123% - %
2% 1% Unit Stockyards ... 6 2% 2% 2%
7% 6% Unit Stkyds pt .70.. 2 7% 7% 7% + %
274 1% Unit Stores (A) 2 IT* 1% 1%
157* 13% Univ-Cyclops S 20e 1 15 15 15
% % Vadsco Sales . 1 A x x + x
38% 28% Vanadium- 17 38% 37% 38% + %
39% 35% Van Raalte (,50e).. 1 36% 36% 36%+%
46% 43 Vick Chemical (2a) 2 46% 45% 46% +2%
31% 28% Victor Chem ( 30e). 1 28% 28% 28% -1%
4% 3 Va-Caro Chem _. 2 3% 3% 3% - %
31% 26% Va-Caro Chem pf 1 28% 28% 28%+ %
118 116 Va Elec Pwr pf (6) 10s 117 117 117 - %
7% 6% Waldorf System .60 1 7% 7% 7s*
23% 20% Walgreen (1.60)... 6 23 23 23 - %
35% 31% Walker (H) (4)_ 5 31% 31 31% + %
16% 14% Walker (H) pf (1).. 4 14% 14% 14%-%
6% 5% Walworth Co .._ 2 5% 5% 5%
9% 7% Ward Baking (A)_ 2 7% 7% 7% + %
1% 1% Ward Baking (B)_ 2 1% 1% 1%
25% 21% Ward Baking pf- 1 23% 23% 23% -1%
4% 3% Warner Bros Piet 3 3% 3% 3% + %
50 45% Warner Bros Pic pf 60s 46 45% 46 -1
28% 25% Wash'ton G Lt 1.60. 1 26 26 26 + %
20% 17 Waukesha Mot (1). 1 19 19 19 _ %
24 22 Wayne Pump (le).. 1 22 22 22 — %
4% 3% Webster Eisenlohr. 4 4% 4% 4% + %
29% 21 Wesson Oil & Snow 6 27% 27% 27%+ %
108 102% West Penn E pf (6) 30s 104%. 104% 104% +1
115 111 West Penn E pf <7 ) 30s 113% 112% 113% +1%
24% 13% W Va Pulp & P 15e 15 24% 23% 24%
103% 102 W Va P & P pf (6).. 1 103% 103% 103% +1%
40% 33% West n Auto S (2).. 1 38% 38% 38%+%
1 % West’n Pacific pf_ 1 1% s* ^ ^
28% 21% West’n Union Tel ._ 7 22% 22% 22% — %
28% 22% Westh’se A B 50e _ 4 23% 23% 23% + %
118 105% Westh se Elec 875e 4 112% 112 112% + %
138 130 Westhse El pf <3.50 20s 134% 134% 134% + %
39% 35% Westvaco pf (1.60) 1 38 38 38 + %
35% 25% Wheeling Steel 17 32% 31% 32% + %
100 100 Wheel Steel pf (3k). 1 101 101 101 +1
13% 10% White Motor .. 3 13% 13% 13% + %
11% 4% White Rock ... 2 10 9% 10 '
6% 4% White Sewing Mch 1 5% 5% 5%
23 19% White S M pr pf (2) 2 23% 23 23% + %
3% 2% Wilcox Oil &G lOe 1 2% 2% 2%
3% 1% Willys-Overland_ 45 3% 3% 3%
6% 3 Willys-Overl’d pf.. 6 6% 6% 6%
7% 4% Wilson* Co - 41 7% 7 7 _ t
70 51% WilsonSCo pf (3k). 2 69% 69% 69%+ %
121% 116 Wise EP&L pf (6).. 20s 120 120 120 + Vi
27% 22% Woodward Iron .. 2 26% 26% 26% + %
42% 38% Wool worth (2.40) . 10 40% 40 40
21% 17% Worthington Pump 101 23 21% 22% +1%
Worth Tump pf B.. 10s 69 69 69
38% 34 Worth Pump pr pf. 10 40% 39% 40% +2
50% 43% Worth P cv pr pf .. . 6 53% 49% 52% +3%
129 105 Wright Aero (2g)._ 60s 126 125'* 126
91 85 Wrlgley (3a) .. 1 91% 911* 911,* + ^
25 21% Yale & Towne (.60). 1 23% 23% 23%+%
19% 16% Yellow Truck 32 18% 18% 18%+%
14 10% Young Spg & Wire 2 13% 13% 13%+%
48% 37% YgstwnSh&T 25a 18 44% 43 44% +1%
89 86 Ygstn S&T pf 5.50.. 1 89% 89% 89%+1
17% 14% Zenith Radio (le).. 6 15% 15% 15%+%
4% 2 Zonite Products- 33 3% 3% 3% + %
Approximate Sales of Stocks on the N. Y. Stock Exchange.
11:00 A.M.- 260,000 12:00 Noon . 420 000
1:00 P.M. - . , 540.000 2:00 P.M_. 63o’.000
a Unit ot trading to shares
r In oankruptev or receivership or being reorganized under
Bankruptcy Act. or securities assumed oy such companies
Rates ol dividend in the forexolns table are annual dls
pursements based on the last Quarterly or semi-annual declara
tion Unless otherwise noted special or extra dividends are not
included
x lx dlvidena xi Ex runts a Also extra or extrai
d Accumulated dividends paid last year e Declared or paid so
far thl* rear f Payable In stock g Paid last year h Cash or
stock k Accumulated dividends pain or declared this vear
United Engineering
Backlog Advances
Far Above 1939
Registers Gain of 2Vi
Times Last Year,
Ladd Reports
By the Associated Press,
PITTSBURGH, April 23.—George
T. Ladd, president of United En
gineering & Foundry, told stockhold
ers today the company’s backlog of
orders was 2V2 times as great as
last year and sufficient to keep the
firm’s machine shops working at
capacity levels for the remainder of
the year.
"Of the business now on the
books,” Ladd said, "a majority Is1
foreign and since much of the nego
tiation was going on prior to the
present European war, we believe
these contracts would have been
awarded to us regardless of such
war conditions * *
He reported French and Japanese
organizations of the company al
ready have produced “an important
volume” of foreign business and the
Income from those branches “during
1940 alone should exceed our invest
ment in them.”
Ladd added that Shibaura United
Engineering Co., Ltd., in which the
company has a large interest, has
almost completed its plant and has
booked capacity operations for the
next three years.
Roll business in 1939, he said, was
50 per cent greater than in 1938.
Although running at slightly lower
levels now, an increased volume in
the near future was predicted.
American air conditioning equip
ment has been introduced into
Egypt.
100 Tons of Lead Sold
NEW YORK, April 23 <£>)._ St.
Joseph Lead Co. reported 100 tons
of Southeast Missouri pig lead sold
yesterday at the New York average.
No sales for East St. Louis. Quoting
$455 per 100 pounds.
Foreign Markets
LONDON, April 23 (fP.—The stock mar
ket Improved today despite unwillingness
of traders to open new commitments pend
ing the budget message due after the
close. British government bonds advanced
around */t Point and most foreign loans
moved up. Kaffirs were again supported
and coppers and other base metals found
a Arm footing. Industrial leaders, where
changed. Inclined higher. Oils slanted for
ward and domestic rails added an average
of around V* point.
PARIS.—Announcement of British suc
cesses in Norway cheered bourse traders
today and prices held Arm throughout. Do
mestic equities outstripped foreign Issues,
with gains ranging to around 7 per cent.
Rentes advanced 15 to 85 centimes.
AMSTERDAM.—A pessimistic view of
possible extension of the war to Scandi
navia depressed bourse prieec. Domestic
Issues showed the widest declines, while
American shares showed only fractional
losses.
New York Cotton
By the Associated Press.
NEW YORK. April 23— Evening
up operations and switching out ol
May prior to first notice day on
Thursday supplied principal activ
ity in cotton futures today.
Spot houses were chief source of
supplies selling at limits with short
covering and trade price fixing ab
sorbing most of the offerings.
Wall Street and Bombay bought
moderately in distant months in
spired by increased apprehension
for new crop prospects. Late prices
were 3 higher to 1 lower. May (old),
10.81; July (old), 10.55, and Decem
ber, 10.10.
Cottonseed Oil.
Bleachable cottonseed oil future* eloaed 2
higher to 1 lower Sales. 113 contracts
May. 8.95: July. 7.02b: Seotembre. 7.10-11;
October, 7.12; December. 7.14b. bBid.
New Orleans Prices.
NEW ORLEANS, April 23 (/PI.—Cotton
futures advanced on foreign and domeetle
trade burin* today. At noon prices were
1 to 6 points net higher.
,, High. Low. Last.
May - 10.94 1091 10.93
July - 10 85 10.81 10.84
October - 10.28 10.24 10.25
December-10.17 10.18 10.17
January -10.11 10.10 10.10
March 10.03 10.03 10.03
May (1941) _ 9.92 9.92 9.92
Cottonseed oil opened steady: May,
8.50b; July, 6 87b: September. 6.82b; Oc
tober, 8.64b. b—Bid.
Dog Proves He's Republican
IRONTON, Ohio (/P),—Most Re
publicans will think Dr. C. E. Vidt’s
dog is a right smart canine, Indeed.
Says the doctor to his pet: "Would
you rather be a dead dog or a Demo
crat?” The dog flops to the floor
motionless.

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