Evening star. [volume], June 06, 1940, Page A-22, Image 22

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

Image provided by: Library of Congress, Washington, DC

                
Decision on Transit
Boitd Case Expected
In Few Days
Commission Listens
To Plan for Settling
Old Litigation
Members of the Public Utilities
Commission today listened to de
tailed explanations of the terms and
reasons for the proposal of the Cap
ital Transit Co. and the Washington
Railway & Electric Co. to issue up to
$3,439,000 in certificates of "modifi
cation assumption and guarantee"
as a means of settling litigation
brought by bondholders from the
old Anacostia & Potomac River
Railroad Co. and the City & Sub
urban Railway.
The public hearing is expected to
be completed today and the com
mission is expected to issue an order
dealing with the proposal within a
few days, unless some unexpected
hitch develops.
The proposed new certificates
would bear interest at 3.75 per cent,
as a substitute for the 5 per cent
first mortgage bonds which were is
sued dv the old railways concerns,
which have been absorbed in the
city's transportation system. The
proposal deals with $2,097,000 bonds
of the Anacostia & Potomac Co. and
$1,342,000 of City A: Suburban bonds,
but as explained by William K.
Laws, attorney for the petitioning
concerns, neither the capital Transit
Co., as the holder of $334,000 of the
City & Suburban bonds, nor the
holders of $455,000 of Anacostia & l
Potomac bonds, which have hitherto
been guaranteed, are to be entitled
participate in the plan.
Mr. Laws explained that accept
ance of the plan by bondholders
would be entirely optional with them
and that to be adopted the plan
must be approved by 80 per cent of
the bondholders of the two old con
cerns.
Bankers Open Convention.
A large delegation, which left
yesterday afternoon for Hot Springs,
Va.. where the four-day annual con
vention of the District of Columbia
Bankers Association opened this
morning. Complete reports on the
proceedings by Edward C. Stone,
financial editor of The Star, who;
is attending sessions, will appear |
elsewhere in The Star throughout:
the convention.
Business indices from this city
show increases during April, with
the exception of construction con
tracts ^awarded in private industrv.
according to the monthly review cf
the Federal Reserve Bank of Rich
mond.
Employment rose 0.7 per cent in
number on<pay roll, and 0.5 per cent
in amount of pay roll from March j
to April.
Registration of new passenger cars
Increased 2 per cent for the first
four months of 1940 as compared
with the similar period in 1939, a !
gain from 8,988 to 9.126, although
registrations fell off by 4 per cent
from 2.807 in April, 1939, to 2,692
in April, 1940.
Home Construction Drops.
Residential construction here fell
off 61 per cent from $9,705,000 in
April, 1939, to $3,744,000 in April,
1940.
Department store trade reported
from six stores in Washington reg
istered an increase of 4,8 per cent
in net sales in April compared with
April. 1939: an increase of 6.4 per
cent in net sales for January 1 to
date, as compared with the same
period last year; stocks were up 4.8
per cent in April as compared with
last April and 1.2 per cent as com
pared with March, 1940. The ratio
of April collections to accounts out
standing April 1 was 29.9 per cent.
Furniture Sales Increase.
Retail furniture sales in seven
stores in the District increased 32
per cent in April, as compared with
April, 1939; 9 per cent in the first
four months of 1940 as compared
With the similar four months in 1939.
Debits to individual accounts in
reporting member banks in Wash
ington showed a gam of 1 per cent,
from $287,345,000 in March to $289.
325.000 in April, 1940. and a gain of
13 per cent as compared with $256,489
in April, 1939.
Irving Sands Olds, who has been
appointed chairman ol the board of
the United States Steel Corp., sue
ceeding Edward
R. Stettinius, jr.,
who resigned to
serve on the Na
tional Defense
Commission, is
remembered i n
Washington as
secretary to the
late Justice
Holmes of the
United States
Supreme Court
from 1910 to
1911. He is a na
tive of Pennsyl
vania. graduate
of Yale College
I. S. Olds.
and Harvard Law School. During
1917-1919 Mr. Olds ser\ed as counsel
for the purchasing department of
the British Wai Mission to the
United States, and in 1913 was a
special assistant in the United States
War Department here Since 1919,
as a member of uie law firm of
White Sc Case, he has engaged in
legal work related to matters of
organization and administration of
corporate business enterprises.
Bank Trustees Named.
Fifteen trustees were elected for
the ensuing year at the annual
meeting of shareholders of the East
Washington Savings Bank yester
day. Officers will be elected at the
first meeting of the board Tuesday.
The trustees elected yesterday are
John C. W. Beall. T. Earle Bourne,
James A. Donohoe, Gratz E. Dun
kum, Lewis Flemer. John Ford, W.
P. C. Hazen, Ernest E. Herrell, Ed
ward B, Hughes, jr.; Francis J.
Kane, Morris E. Marlow, Henry H.
McKee. William N. Payne, jr.: Wil
liam. F. Simpson and Lambert O.
Turner.
Dividend Is Declared.
A semi-annual dividend of $2 per
Share was declared at the quarterly
meeting of directors of Smith's
Transfer & Storage Co. Friday, it
was announced today. Arthur Clar
endon Smith, president, reported an
increase in all branches of the
business. ,
Wheeling & Lake Erie
Votes $1 Dividend
By the Associated Press.
CLEVELAND. June 6.—Wheeling
& Lake Erie Railroad directors to
day declared a $1 dividend on the
common, payable July 1 to holders
of June 24. This brings 1940 divi
dends to $2. Last year the road,
controlled by Nickel Plate, paid $4.
TRANSACTIONS ON THE NEW
YORK STOCK EXCHANGE
By Private Wire Direct to The Star.
Prev. 1940 Stock and Sales— Met.
Hish. Low Dividend Rate Add uO. High Low. Close, chse.
704 50 Abbott Lab (1.60a) 2 54 534 54 + 4
524 344 Anne Steel (3) 1 364 364 364 — 4
9 44 Adams Express .lne 4 5 44 44
684 36+ Air Reduction (la). 8 374 374 37+ + 4
7 4 Alaska Juneau .60.. 4 44 44 44
14 4 Vlleghany Corp . 8 ft ft ft - ft
144 5+ Allegh'y $30 pf ww. 1 64 64 64 + 4
264 154 Alleg-Ludlum SOe 16 184 174 184 -t- >4
182 136 Allied Chemical (6)x 4 1404 140 1404 + Vi
164 10 Allied .Mills .Tie 1 104 104 104 + 4
94 44 Allied Stores 4 5 5 5
414 214 Allis-Chalmers .50e 8 244 234 244 + Vs
16 114 Alpha Port 50e . 2 114 114 114
58 4 384 Amerada (2) 1 404 404 404 + 4
21 124 Am Agr Ch Del ,60e 5 15 14 15 +1+
75 414 Am Airlines _ 2 504 604 50 + + 4
124 64 Am Bank Note 2 64 64 64 — 4
454 28 Am Brake Shoe .30e 2 33 33 33 +14
133 128 Am Brake S pf 5.25 10s 1294 1294 1294 -t- 4
1164 87 Am Can (4) 5 90 89 90 + 4
334 18 Am Car & Foundry- 11 224 214 22 + 4
234 134 Am Chain & C .80e. 1 -154 15V* 154
1124 100 Am Chain&C pf (5) 2 100 100 100 - V*
1404 112 Am Chicle (4a) ... 1 1154 1154 1154 + 4
13 9 Am Coal (Allegh’y) EOs 9 9 9
154 8 Am Crystal Sug.25e 1 9 + 94 94
34 lv* Am Encaustic Til _ 1 14 p, 14 - 4
24 1 Am & Foreign Pwr 5 14 lv, 14
244 94 Am & F P 64 pf.60k 2 104 104 104 + 4'
28V* 104 Am & F P 74 pf.TOk 1 124 124 124 + 4
TV* 24 Am Sr F P 2d pf _ 2 24 24 24 — 4
504 23 Am-Hawalian (la). 7 25+ 25 254 + Vs
64 3 Am Hide Sr Leather 1 34 34 34
38 23 Am Hide Sr L pf (3)* 1 24 24 24 +14
64 3V* Am International _ 16 34 3 3 — V*
63 38 Am Loco pf (lk) 1 41 41 41 +14
144 10 Am Mach & Fy .80.. 3 104 104 104— 4
25 12s* Am Metals (le)_ 2 134 134 134
26 20+ Am News (1.50) . 10s 214 214 214 + Vs
54 2 Am Power Sr Light. 5 24 24 24 + 4
64 28+ AP&L $5 pf 2.8125k. 5 33+ 334 33+ + «*
634 34s* AP&L $6 pf 3.375k.. 3 394 39 394 + 4
104 4s* Am Radiator ... 62 54 44 5 - 4
174 94 Am Rolling Mills 23 104 104 104 - V*
70 484 Am Roll Mpf 5.125k 1 59 59 59 +24
37-4 23 Am Shipbuilding _ 100s 24 24 24 + 4
54 304 Am Sm & Ref 1.50e. 5 35 344 35 + 4
152+.139 Am Snuff pf (6) .. 10s 139 139 131)
334 194 Am Steel Fdrv ,60e. 18 22 214 22 + 4
234 12 -* Am Sugar Refining. 5 13V* 13 13 — 4
1754 145 Am Tel Sr Teleg (9). 14 1504 1494 1494 + 4
894 69 Am Tobacco (0) . 1 70+ 70+ 70+ + 4
91+ 70 Am Tobacco!B) (3). 3 74 73 4 734 -t- 4
151 136 Am Tobacco pf (6). 1 138 138 138 +1 +
5+ 24 Am Type Founders. 5 34 3 34 + 4
124 54 Am Water Works.. 6 64 64 64
12 6 Am Woolen 12 74 74 7 + + 14
524 254 Am Woolen pf (3k). 10 32+ 314 324 + +
84 44 Am Zinc & Lead_ 3 5 4+ 5 + 4
32 18 Anaconda (,75e). _ 67 20+ 20 204 + 4
1104 98 Armour (Dcl)pf(7). 2 97+ 974 974 — 4
74 4 Armour (111) .. 12 44 4 41, + 4
43+ .224 Armstrong C’k .50e_ 2 241 a 244 244 — 4
9 44 Assoc Dry Goods .. 15 54 44 5 + 4
45 33 Assoc Invest (2)_ 1 32 32 ,32 —1
25+ 13 Atch T & Santa Fe9 144 13+ 14 + 4
23 4 94 Atl Coast Line ... 2 10+ 10', 10+
224 8'a Atl Gulf & W Ind__ 1 84 84 84 -4
274 18V, Atl Refining (1)__ 11 194 19+ 19',+ 4
94 7 Atlas Corp (.25e)_ 3 7 7 7
8+ 44 Aviation Corp ... 15 54 5+ 51, + 4
194 124 Baldwin Loco ctfs.. 29 14+ 134 14+ + +
64 2s* Balto&Ohio .. 6 3+ 34 34
164 84 Barber Asphalt ,50e 1 9 * 9+ 9'* + +
134 74 Barnsdall Oil ,30e._ 10 84 74 84 + 4
35+ 184 Beatrice Cre, (la) _ 1 224 224 224 — 4
127 102 Beech-Nut Pkg(4a) 1 106 106 106 +1
364 244 Bendix Aviat’n(le). 4 264 26 264 + +
224 17+ Beneficial Loan .90e 1 184 184 184 - 4
89+ 634 Beth Steel 2.25e . 54 694 674 69 +1
344 14 Bigelow Sanf'd( le) . 1 16 16 16 — 4
224 15 Black & Decker (1). 3 16+ I64 164 -1
284 134 Boeing Aeroplane . 34 144 14 144 + 4
29'* 19+ Bohn Alurn'n ,50e _ 4 21s* 21 21 +
123 4 99 Bon-Ami (A) (4a). 10s 1004 1004 1004
70v* 51+ Bon-Ami (B) 2.50a. 40s 554 54 554 -+24
24+ 17'* Borden Co (,60e)_ 23 18 174 18 + +
254 124 Borg-Warner .SOe_. 2 144 14+ 14+ + +
13+ 8 Bridgeport Brass .. 2 84 84 84 + 4
23+ 134 Briggs Mfg (,50e) __ 7 14+ 144 144 - +j
24v, 134 Bklyn-Man Transit. 8 18+ 184 18+ + 4
3+ 14 Bklyn Sr Queens .. 1 2+ 2+ 2+ — +
194 12+ Bklyn &■ Qu pf ctfs. 1 174 174 174 + 4
294 14 + Brunswick-B ,75e . 1 16+ 16+ 16+
104 61* Bucyrus-Erie (.25e) 2 74 74 74
6+ 3 Budd Mfg . _ 2 3+ 3+ 3+
44s* 21 Budd Mfg pf_ 30s 25 25 25 +1
6i* 34 Budd Wheel _ 6 3+ 3+ 3+
33V* 20 Bullard Co (75e)... 5 26+ 254 26+ — +
33 174 Rulova Watch (2a). 1 20+ 20+ 20+ — V*
124 74 Burr's Add M 20e__ 9 74 74 7s*
134 64 Byers (Am) Co_ 1 7+ 71* 7+ 4- +
14 1 Callahan Zinc ... 2 14 1 14+4
84 4', Calumet & Hec .5ie. 4 54 5+ 5 + + 4
194 11 Campbell Wy .65e _ 4 12+ 12 12 — “4
234 11+ Canada Dry _ 2 134 134 134 + '*
64 24 Canadian Pacific .. 10 24 2+ 2+ — 4
404 294 Cannon Mills (le) 1 30 30 30 —1
45 38+ Cap Admin pf A (3) 20s 39 39 39
32+ 224 Carpenter Stl 1.75e. 4 30 29V, 30 +1 +
75 39v, Case (JI) Co . 1 414 414 417, —24
564 42+ Caterpillar Trac(2) 10 45 444 44s, + +
354 20 Celanese Corp (la). 14 234 234 23+ -t- +
119 1054 Celanese pr pf (7) . 50s 111 110+ 111 + v.
124 5 CelotexCorp _ 2 54 54 5s*
114+107 Cent 111 L pf (4.50) 30s 1064 1064 1064 —14
11+ 4 Central Violetta S .15 5 5
84 34 Certain-teed _ 1 4 4 4+4
364 154 Certain-teed pf 10s 16+. 164 164 + 4
4+ 3v» Chesapeake Corp(r) 1 34 34 34
42", 304 Ches & Ohio (2.50). x 8 324 32 32+ + 4
974 85 Ches & Ohio pf (4). x 1 84+ 84+ 84++ ",
4 4 Ch MStP&P (r> . 2 ft ft ft + ft
4 4 Chi M StP&P pf (r). 3 ft ft ft
14 4 Chi & N W pf (r) . 1 + •+ •+ — 4
", v, Chi R I & Tac (r) .. 2 V* V* +
164 9 ''hickasha Cot Oil.. 1 10 10 10 + 4
64 24 Childs Co . 2 3+ 34 34 — V*
91', 53'2 Chrysler Corp 2 :,0e. 21 57 56 56+ +1+
40+ 24 Clark Equip 1.25e _. 3 26 25 26 +1
414 254 Climax Molyb 1.20.. 12 274 27 274 + 4
454 254 Cluett Petbdy (le).. 2 30 294 30 +1
142 131 Cluett Peab pf (7).. 30s 135 135 135 —2
131 994 Coca-Cola (1.SOe)... 2 102+ 102 102'*- +
20 104 Colgate-Pal-P 50e_. 4 104 10+ 10+
5+ 2 Colo & Sou 1st pf . 60s 2+ 2+ 2+ + 4
26+ 16 Columb B C( A).90e. 5 16s* 164 16'+
26+ 16 Columb B C(B).90e_ 1 164 164 164
74 44 Columb G Sr El .20e. 12 44 44 44 + 4
93 4 674 CnlG&Epf A (6)._. 1 71 71 71 +'4
48 28 Cornel Credit (3)_ 2 294 29 294 +1
56 33 Cornel Inv Tr (4)_ 6 36 344 36 +2
164 8 Cornel Sol vents .. 6 8+ 84 84 + 4
33 26 Comwlth Ed (1.80). 33 26', 264 264 + 4
1+ + Comwlth Sr South'n 30 li 7, 7. _ 1
<3*4 42 Cormvlth & S pf (3) x l 45 45 45 4-1
614 2% Cnnde Xast Pub_ 13 3 3 — **
24% 14 Congoleum (1)_. 8 14% 14% 14% 4- %
13*4 8 Congress Cigar_ 1 9% 9% 9% — %
31% 19% Consol Aircraft_ 2 21% 21 21% 4- %
16 7% Consol Cigar l.75e). 3 8% 8% 8% 4- %
92 63 Consol Cigar pf (7). 29s 66 66 66 4-1
95 75 Consol C pr pf 6.50_. 50s 76 76 76 — %
9% 4% Consol Cop M ,15e_ 10 5% 5% 5% 4- %
32% 23 Consol Edison (21.. 16 24% 24 24 — %
110% 97*4 Consol Edls pf (5).. 2 101 101 101 - %
8’m 5*2 Consol 011 ( 80) 30 6 5% 6
2% 1 % Consol RR Cuba pf. 33 1% 1 1% — %
19% 9% Container Corp .50e 2 10% 10% 10%
49% 33 Conti Can (le) . 6 35 34% 35 — %
9*4 4% Conti Diamond ,25e. 3 6 6 6 4- %
40% 27% Conti lnsur 1.60a).. 1 31 31 31 + %
4% 2 Conti Motor _ 51 3% 3 3% 4- %
25 16% Conti Oil (.50e) . ... 26 17 16% 17 -%
25% 15% Copperweld Stl ,40e 16 17% 16% 17% 4- %
70 47 Copperweld pf 2.50. 1 49% 49% 49% 4- %
61'a 41 Corn Exchange (3). 40s 43 42% 43 4- %
65% 44% Corn Products (3).. 3 45 44% 45 4- %
7'% 4 Coty Inc < 25e) _. 11 5 4% 5 4- %
1% % Coty International.. 2 % % %
24% 13 Crane Co . 9 13% 13 13% 4- %
32% 24% Cream of WHeat(2). 3 24% 24 24 — %
38% 18% Crown Cork & Seal. 3 20% 20 20% 4- %
21% 12 Crown Zeller (le) . 9 13 12% 12% 4- %
95% 75 Crown Zeller pf (5). 60s 80 80 80 — VI
43% 25 Crucible Steel _ 4 27% 26% 27% 4- %
4', 1% Cuba RR pf _100s 2 2 2
8% 3% Cuban Am Sugar_ 2 4% 4% 4% 4- %
91*2 60 Cub Am S pf (2K>__ 80s 60% 60 60 -1%
29% 19% Cuneo Press (1 50). 2 20 19% 20 4- %
11% 7% Curtiss- Wright . 54 7% 7% 7% 4- %
32% 21'« Curtiss-Wr (A) le 10 24 23% 23% — %
22% 14% Cutler-Hamm’r .50e 1 16% 16% 16% 4- Vi
8% 3% Davison Chemical . 1 4% 4% 4% — %
23% 13% Deere & Co . 10 14% 14% 14% 4- Vi
28% 21% Deere & Co pf (1.40) 2 21% 21% 21%
23% 8% Del & Hudson _ 6 9% 9% 9% 4- %
5% 2% Del Rack & Wn .. 6 2% 2% 2%
125% 98% Detroit Edison (3e) 5 99% 99 99 - %
23% 12% Devoe & Ray A 25e. 10s 13% 13% 13% + %
43% 32 Diamond M pf 1 50. 1 35% 35% 35% 4- %
20 12% Disttll-Seagr (2) .. 5 13% 13% 13% 4- %
24% 14 Doehler Die C .25e_. 3 16% 16 16
23% 11% Dome Mines (2)_ 14 12 11% 12 4-%
94% 71% Douglas A1r <3g>_ 3 74% 73% 74% +1
171 137 Dow Chemical (3)_ 2 140 138 140 4-2%
30 14% Dresser Mfg _ 1 17'% 17'% 17% 4- %
10 5 Dunhlll Internatl_ 1 5% 5% 5% — %
189% 146% Du Tont <3.50e)_ 12 152% 152 152% 4-1
126 114 Du Pont Df (4.60) . 3 118% 118% 118% - %
118'* 112% Duauesne 1st pf (5). 10s 114'% 114% 114% 4- %
44% 26% Eastern Air Dines 4 28 27% 28 4- V%
166% 122 Eastman Kodak <6) 5 124% 122% 124% 4-1%
37 22 Eaton Mfg (1.50e).. 4 26 25% 26
41% 25 Elec Auto-L 1.50e__ 11 28 27% 28 4- Vi
18% 10% Electric Boat .40e_ 7 12 11% 12 4- %
1% % Electric & Music 7 Vi % %
8% 3 Elec Pwr & Right . 6 3% 3% 3% 4- Vi
31% 15% Elec Pwr & Rt J6 pf 2 18% 18% 18% 4- %
36% 18% Elec Pwr& Rt J7 pf 7 21% 20% 20% — %
33% 25% ElecStor Bat 42 > __ x 2 25 24% 24% — %
1% % Erie HR (r) 2 1 « ii - -A
11% 5 Evans Products_ 4 5% 5% 5% 4- %
34% 20% Ex-Cell-0 (le)_ 11 30V% 29% 30% 4-1
8% 3% Fairbanks Co pf ... 30s 4 4 4 — %
18% 11 Fed Rt & Trac (le). 7 16% 15% 16% 4- %
28% 17 Fed Min & Sm ,50e. 1 17 17 17
40% 27% Fidelity Phoe 1.60a. 1 29% 29% 29% 4- Vi
21% 12% Firestone Tire 60e. 1 13% 13% 13% — Vi
106 84 Firestone pf (81 .. 1 86 86 86 +2
46 32% First Mali Stre 2.60. x 1 34% 34% 34% 4- %
Prev. 1940 Stock and Sales— Met
High. Low Dividend Rate. Add (lO. High. Low. Close, chgc
211', 10% Flintkote (lg) .. 4 11 11 11 + %
38% 25% Florence Stove .BOe. 1 25% 25% 25%
3% 1% Follansbee Bro <r)_ 1 1% 1% 1%
35 19 Food Mach L26e)_ 3 20 19% 19% — i%
21% 9% Foster Wheeler _ 1 10% 10% 10% + %
38% 24% Freeport Sulph (1). 2 27 27 27 — %
6% 3% Gar Wood Indust 4 4 3% 4
57% 35% Gen Am Trans 1.25e 1 40% 40% 40% + %
145 118 Gen Baking pf (S).. 10s 125 125 125 4 1
3% 1% Gen Bronze _ 2 1% 1% Ilf
11% 4% Gen Cable _ 3 4% 4% 4%
41 2fi% Gen Electric (.70c). 26 29% 29 29% + %
49% 36 Gen Foods (2) 9 39% 38% 39% +1%
118% 111% Gen Foods pt (4.50) 1 113% 113% 113% — ',3
101 77% Gen Mills (4a) ... 3 81% 80 81% 43
130% 118 Gen Mills pf (6) 90s 120% 120 120 41
66% 37% Gen Motors (1.75e). 61 40 39% 40 4- %
127% 116 Gen Motors pf 1 5 ) __ 2 119% 119% 119%
7% 3% Gen Outdoor Adv . 2 4 3% 3% — %
!% % Gen Public Servlet. 3 % % % — %
19% 9% Gen Kwv Signal 3 10% 10% 10% — %
33% 20 Gen Refractor 50e. 7 22 21% 22 — %
15% 11% Gen Shoe 1 1.20) .. 1 11% 11% H% — %
31% 14 Gen Steel Cast pf . 110* 17% 17 17% 4 %
13% 7% Gen Thea Equ 20e_. 2 S% 8% 8% — %
23% 10% Uen Tire & H 60e . 2 11% 11% 11% + %
6% 4 Gillette Sat R (.60). 14 4% 4 4
9 4% Glmhel Bros .. 3 4% 4% 4% + %
19%, 11 Glidden Co (.30e).. 1 11% 11% 11%
3% 2 Goebel Krew 1 20) x 4 2% 2% 2% 4 ft
20% 10 Goodrich (BF) 12 11 11 11 + %
24% 12% Goodyear T&R 75e 3 14 13% 13%
97% 71 Goodyear nt (5)_ 1 70% 70% 70% — %
71% 25 Gotham S H pf_100s 30 30 30
1% % Graham-Patge_ 4 % •% % + %
16% 10 GranlteCltvS _ l 10% 10% 10% + %
24% 21% Grant (W T)pf(l).. 2 22% 22% 22% 4 %
28% 15% Great North n pt _ 19 18% 17% 18% 4 %
18% 11% Gr* Nor Octls 75e. 2 13% 13% 13% 4- %
29% 18% Great \V n Sug (2)_ 3 20% 20% 20%
35% 23 Green (HI.) (<2a).. 2 25% 25 25% 41%
17% 9% Greyhound (1) .. 14 10% 10 ]()%
12 9 Greyhound nf 1.65). 3 9% 9% 9% + %
25% 16 Grumman Aircraft. 14 17 16% 16% — V,
28% 16% llarb-Walker ( 60e) 9 20% 19 19 —1
4% 2% Haves Mfg Corp . 20 2% 2% 2% 4 %
113% 89% Hazel-Atlas G1 (6). 2 90 90 90 4- %
11% 7% Hecker Prod (.60).. 11 7% 7% 7%
21% 12% Hercules Mot 25e . 1 13% 13% 13% —
100% 76% Hercules Pow 1.2oe. 1 80 80 80 — %
35% 19 Holland Furn (le)_. 3 21% 21% 21% — %
16% 8 Holly Sugar _ 1 10 111 10 + %
60% 35 Hnmestake <4.601 _ 4 38% 38% 38%
16% 8% Houd-Her (B) ,75e. 4 9% 9% 9% — V*
6% 3% Houston Oil _ 14 4 4 + %
50% 29% Hotve Sound (3)__ 1 29%. 29% 29% — %
27 12 Hudson Bay (le)._. 4 13% 13% 13% 4- %
1 % Hupp Motor - 2 ft ft ft
13% 5% Illinois Central ._. 2 6% 6% 6% 4 %
24% 12 Illinois Central pf.. 4 12% 12% 12%
43% 31% Illinois CL (4) 20s 33% 33% 33% 4 %
118 72 Ingersoll-Rand (2e) 2 87 86 87 42
90% 66% Inland Steel lie) .. 3 71 71 71 42%
15% 7% Inspiration Copper. 5 8% 8% 8% 4- %
6% 5 lnsurshares t.20g). 1 4% 4% 4% — %
5% 2% lnterhoro H T (ri _ 1 2% 2% 2% — %
47% 24 Interchemleal(.80e) 2 24% 24% 24% + %
12% 6% Interlake Iron ... 11 7 a 7% 7% — %
2% 1 lntl Agricultural .. 2 1% l'i 1% — %
62% 38 lntl Harvester 1 60. 10 40 39% 39% — %
5% T% lntl Hydro-El (A1.. 4 2', 2'* 2%
14% 5% lntl Mercantile Ma. 13 6% 6 6% + %
7 3% lntl Mining (.20e) _ 2 4 4 4 — %
38% 19% lntl Nickel Can (2). 38 21% 19% 21% 41%
21% 10% lntl Paper & Power 33 12% 11% 11% 4 %
73 40% lntl Pap&P pf 1.25a 25 45% 44% 43%+ %
5% 1% lntl P.y Cent Am . 12 % 2% 2% + %
56% 38 lntl RyCA pf 3.25k. 60s 38% 37% 37% —1%
36% 25 lntl Shoe (1.60)_ 3 28 28 28
28 13'-.. lntl Silver _ 2 15% 15% 15% - %
4% 1% lntl Tel & Teleg .. 14 2% 2% 2% - %
4% 1% lntl T & T for'n cfs. 3 2% 2% 2% — %
10% 4% Interstate Dept Str 2 5% 5% 5% — % 1
17 9 Jarvis (WB)(.375e) 2 9* 9% 9% - %
52 34% Jewel Tea (2 40) 1 38 38 38 41%
77% 45 Johns-Manville 75e 19 45% 41% 44% — %
69 48% Jones & Lau pt (lk) 2 51 50 51 41
17% 8% Kelsey-Haves (A > 1 9% 9% 9%
9% 4% Kelsey-Haves (B> 2 5% 5% 5% — %
38 * 24% Kennecott Cop (le) 21 26% 26 26% 4 %
31% 17% Kinney (GR)|5pf. 40s 20% 20% 20% 4 ‘a
26 19% Kresge (SSI 1 20a.. 21 20% 19% 20% -I %
3413 23% Kroger Groc (21 ... 15 26% 25% 26 4- '-3;
23% 15', Leh Port Cmt .75e_. 2 16% 16% 16 » — % ;
1% % Leh Valley Coal .. 3 % % % — %
4% 2 Leh Valley Coal pf_ 1 2% 2% 2% + % ,
4 1% Leh Valley RR (r)_. 2 1% 1% 1 % 4- % 1
24% 15% Lehman Corp .6'>e . 7 17 16% 16% — %
14 9% Lehn & Fink (,50e)_ 2 10% 10% 10%+%
29 18t, Lerner Stores (2)1 18% 18% 18% — %
53% 32% Libbey-Ow-F (le).. 5 33% 32% 33 + %
9% 5 Ltbbv McN & Lib .. 2 5% 5% 5%
109 a 87 Llgg & MyerslBMi 5 90 89 * 90
41 27 Link-Belt (I) 1 29 29 29 4 %
18% 10!, Liquid Carbonic (1) 1 12% 12% 12% — %
41% 27% Lockheed Alrc__ 18 28% 28 28% + %
37% 20% Loew s Ino (2)_ 1 21% 21% 21% 4 %
39% 15% Loft Ino 75 17% 17 17% + %
46% 29 Lone Star Cmt (S).. 4 29% 29 29%+ %
18% 15 Loose-WUes 75e___ 2 15 15 15
25% 18% Lorillard (.60e)_ 6 19% 19 19%. + 'a
28% 17 Mack Trucks _ 5 19% 19 19% + '*
31 20% Macy (RH) Co (le) 3 21% 21% 21 , + %
17% 13% Man Ry m gtd ct i r) 13 16% 16% .16 *
5% 3% Marine Midi d(.20e) 3 3% 3% 3%
15% 8% Marshall Field 40.. 9 9% 9% 9%
47% 29 , Martin (Glen)_ 30 31% 31 31% - %
14% 6% Martin-Parry . _. 10 7% 7% 7% + %
40% 22 Masonite Corp (la). 1 22% 22% 22% — %
32"* 21% Mathleson Aik 1.50. 4 21% 21% 21% - '*
53% 36% May Dept Strs (3).. 7 40 38% 40 41"*
105 97% Maytag 1st pf (6).. 20s 97'a 97'a 97%
16% 10% McCall Corn (140) 1 11 11 11 + %
17% 10 M. Crory Stores (1) 3 11% 11 11
29 17% McGraw Elec (11 1 18% 18 * 18%+ %
9% 5% McGraw-Hill (,36e) 3 5% 5 5
47% 27 McIntyre Pore (2a). 3 28% 28% 28% — %
12% 5% McKeesport Tin_ 2 6 5% 5%
8"* 4 McKesson & Rob_ 5 4% 4% 4% — %
32% 17% McKesson & R pf.. 3 18 18 18
9% 5 McLellan Strs 40e.. 1 5% 5% 5% — %
34% 24% Melville Shoe (21... 4 26% 26 26% +1
6% 2'% Mengel Co . 1 2% 2% 2%
32% 24 Mesta Mach (1.BOe) 4 30% 30 30 + %
12% 6% Miami Copper 20e 1 7% 7% 7%
17% 11% Mid Cont Pet (,40e). 1 12% 12% 12%-%
40', 23% Midland Stl P(le).. 3 25 24% 24%- %
122 103 Mid Stl 1st pf (S).. 10s 108 106 108 +1%.
4% 2% Minn-Moltne Imp _ 1 2% 2% 2'*
11 7% Mission Corp ( 65g) 1 7% 7% 7%
1% % Mo- Kan -Texa s_ 1 % % % — ft
4"'* 1% Mo-Kan-Tei pf_ 5 1 1 1 % 1% — % ;
% ft Mo Pacific pf (r)- 4 ft ft ft - ft :
110 C7 INT/hnconte. Ph / *> \ C t C W7 CW -1_ *
118 110 Monsanto pf A 4.BO. 110s 114 114 114 +1
121% 113% Monsanto pf B 4 50. 30s 115 115 115 + %
56 31% Montg Ward 2.25e 15 34% 33s, 34% + %
16 8% Motor Products.50e 1 9% 0% 0% + %
5% 2% Mullins Mfg ( B)_ 2 3 2% 3 + %
39 20 Mullins Mfg pf_ 100s 20% 20 20 - %
8% 4 Murray Corp _ 4 4% 4% 4% + U
7% 3% N'ash-Kelvinator__ 4 4 4 4 + %
21% 13% Natl Acme (,50g)_ 6 17 16% 17 + %
16% 9% Natl Aviation ... 4 10 9% 9%
24% 17 Natl Biscuit!.80e)_. 30 17% 16% 17
16% 9% Natl Cash Beg ill 4 10 9% 9% - %
13% 6 Natl Cyl Gas (,40e) x 5 8% 8 8 - ft
18% 11% Natl Dairy t 80) . 18 12s. 12% 12%+ %
114 107 Natl Dairy pf B<7). 60s 108 107% 108 - %
26% 17% Natl Distillers «2)_. 20 17% 17% 17%-%
15% 8 Natl Enam & Stpg.. 1 *7% 7% 7% — %
12% 5% Natl Gypsum _ 1 5% 5% 5%
22% 14% Natl Lead i 60) ... 6 15% 15% 15%
27 13% Nat Malleable 50e.. 5 16 16 16
8% 5% Natl Pwr & Lt 60_ 8 6 5% 5% - %
73% 48 Natl Steel l.60e)_ 2 52% 52 52% - %
9% 4% Natl Supply _ 2 5% 5% 5% + %
10% 7% Natomas ( 80) 1 7% 7% 7%
75% 43% Newmont Min (le). 7 43 42% 43 — % I
14% 6% Newport Indus _ 5 7% 7 7 — %
18% 9% N Y Central ... 25 10 9% 9% + %
39 15 N Y Chi & St L pf _ 1 18 IS 18
33% 20% N Y COmnibus (3). 3 22% 22% 22% -1%
56 48 N Y Lack & Wn (5) 10s 45 45 45 -1
% % N Y N H & H (r> .. J ft ft ft
26% 13% N Y Shipblldlng 9 17% 17% 17%+ %
134H 92 N Y Shlpbg pf l.T5k 40s 134% 134% 134% + £
113% 105 Norfolk & W pf (4\ 20s 108 108 108 +1
26% 15 Nor Am Aviat’n.SOe 21 17% 17 17%+ %
23% 14% Nor Am Co (1.20) 13 16% 15% 16 +%
58 47% No Am 6%% pf 2.875 3 50% 50 50% +1%
59 47% No Am Co 6% pf (3) 265s 53 53 53 + %
9% 4% Northern Pacific_ 7 5% 5 6%
8% 5% Ohio Oil (,20e) ... 25 5% 5% 5% - %
23% 10% Oliver Farm Equip. 3 ll's 11% 11% — %
14% 7% Omnibus Corp 1.20_. 3 9% 9% 9% + %
18% 11% Otis Elevator .35e.. 3 11% 11% 11% — %
12% 7 Otis Steel 4 7% 7% 7% + %
64s* 43% Owens-Ill G1 (le)_ 4 44% 44 44%.+ %
10% 5 Pac Am Fisheries_ 1 5% 5% 5%
6% 2 Paclflo Coast _ 30s 2 2 2
34% 25% TacGas&El (2)... 15 26% 25% 25%-%
59 33 Pao Lighting (3)_ 4 37 35% 36 —1
16% 8 Pao Mills 1 8% 8% 8% — V*
139 115 Pac Tel & Teleg (T) 10s 115 115 115
7% 3% Pac Tin Consol .20e 1 3% 3% 3%
4% 2Vi Packard Motor ... 376 3% 3% 3% + %
25% 12 Pan-Am Airways 13 13 12% 13 + %
8% 6% Pan-Am Petroleum. 2 8% 8% 8%
8% 4% Paramount Pic ,15e. 8 4% 4% 4%
10% 6% Param t 2d pt (.601. 2 6% 6% 6% — %
2% 1% Park Utah M lOe 1 1% 1% 1%
44% 32% Tarke Davis (1.20e) 12 33% 33% 33% + %
22% 13% Parker Rust (la)._ 1 17 17 17 - %
10% 5% Patino Mines . 1 6% 6% 6%
96% 72 Tenney (JC) 1.50e_. 8 72% 71 72% — %
4 1% Penn-Dixie Cement 1 2% 2% 2% — %
25 11% Penn-Dixie Cem nf. 2 14% 14% 14% — %
24% 15 Penn Railroad .50e. 22 16% 16% 16%
38% 23 Teop G L&C (1.50e) 1 26V* 26% 26% +1
29% 11% Pere Marquette pt. 20s 14 13% 14 +1
39% 17% Pere Marc pr pf .. 20s 23 22 23 +1
8% 6% Petrol Corp (.35e).. 6 6% 6% 6%
40% 26 Phelps Dodge 50e.. 17 26% 26% 26% + %
% V* Phlla * K L & 1 (r). 1 ft ft ft
97% 68 Philip Morris (3a».. 2 69 69 69 +%
41% 27% Phillips Petrol (2). 14 29 27% 29 +%
10% 7% Pierce Oil pf ... 3 8% 8% 8% + %
9% 5% Pitts Coke & Iron... 2 5% 5% 5%
80 64% PlttsC* lr pf (5>_. 10s 65 65 65 - %
8% 4% Plttsbgh Screw ,18a 3 5% 5% 5% + %
34% 16% Pltu Steel pf (B).. 110s 18 17% 18
Prev. 1040 Stock and Sales— Net.
Hlah Low. Dividend Rate Add 00. High Low Close chge
16V* 7 Pitts & W Va _130s 8% 8 8% + %
22% 15 Plymouth 011 1.40.. x 9 16 15% 16 + %
12% 5% Poor & Co IB) ... 3 6% 6% 6V4
14% 6Vi Pressed Steel Car.. 16 8% 8 8% + Vi
71*i 53 Proctor & (Jam (2a) 11 55Vi 53% 56%+2%
43% 31 Pub Svc (NJ) 1.20e. 6 32 31V* 32 + Vi
115% 100 Pub SvctNJ )pf(5>. 2 101% 101 101
145 127 Pub Svc(NJ)pf(7). 1 126 126 126 -1%
165 143 Pub SvctNJ )pf(g). 10a 149% 149% 149% +2%
22'i 16% Pullman (.50e)_ ^ 18% 17% 18V* + a,
11% 7 Pure Oil .. 11 7'* 7% 7% + %
15% 9 Purity Baking .50e. 1 9% 9% 9% - Vi
7% 4% Radio Corp t 20e> _. 24 4% 4Vi 4% + Vi
69 48'a Radio C cv pf (3.50) x 4 62 51% 51%-t- %
1% % Radio-Keith Or (r). 2 % % %
29% 13% Uayonler Inc 1 15% 16% 15% + %
37% 24 Rayonier pf (lk) 2 27% 27% 27%+ Vi
13 6Vi Reis & Co 1st pf_ 30s 6 6 6 — Vi
8 (>% Reliable Stores .. 1 6% 6% 6%
10% 6 Reming Rand .60*.. 5 7 6% 7 + Vi
2 1 Reo Motor vtc ctfs. 8 1% IV* IV*
23% 14 Republic Steel _ 44 15% 15% 15% + %
80 60 Rep Steel pf A (6)._ 1 65% 65% 65% - V*
14% 7% Revere Copper 2 8% 8% 8% ’
61% 39 Revere Cop 6>/*% pf. 10s 42 42 42 -1
15% 8% Reynolds Metals . 5 8% 8% 8% — %
53% 62 Reynolds Tob (le). 10s 52 52 52
44 32% Reyn Tob (B) (le). 15 33% 32% 33V* + %
8% 5% Richfield OH t.50g) 13 6% 6% 6% + %
22% 11% Ruberold (.30e) ... 2 12% 12% 12% — Vi
53 34 Safeway Strs 1.50e. 8 38% 38 38
111% 96 Safeway S of (6» 140s 97 96% 96% — %
42 27 St Joseph Lcad(la) x 7 27% 27 27 + %
31% 17 Savage Arms (,50e) 4 21 20 21 +2
14% 7% SchenJey Distillers. 3 8% 8 8% + %
49 34 Scott Paper (1.60).. 6 36% 35% 36 + %
20 11 Seaboard Oil (1)_ 5 12% 12% 12%
88 61% Sears Roebuck (3)_ 8 63% 63% 63% + %
16% 8% Servel Inc (1) -. 8 8% 8% 8%
7% 4% Shattuek (FQW.40) 2 5% 5% 5',
13% 7% Shell lln Oil (,60g). 16 7% 7% 7% - %
108'* 96 Shell Un O pf (5.50) 1 96 96 96
6% :S% Silver King (,10e)._ 1 4% 4% 4%
24 12% Simmons Co _ 8 13% 12% 13%+ %
23% 12% Skellv Oil < 25e) 2 13% 12% 13%+ %
120 67 Sloss-Sheflleld 1.50e 20s 77 77 77 +2
114% 105 Sloss-Sheft pf <6)_ 40s 109 109 109 +1
12% 7% Socony-Vac 25e ... 128 7", 7% 7%. — % |
2% 1 Vi So Am Gold I.IOe)_ 3 1% 1% 1% + %
16% 10 S.E.Ureyh’nd 1.60 .. 1 10% 10% 10' . + %
30V, 23% Southn Cal Ed 1 50a 8 23% 23% 23% - %
15% 6*4 Southern Pacific ... 12 7% 7% 7%
20Vi 8 Southern Railway_ 23 9% 8% 9% + %
34% 13% Southern Rwy pf .. 15 15 14% 14% + %
3% 1 % Sparks Withlngton. 1 1% 1*, ]*,
23 * 14% Spencer Kell (1.60). 1 16% 16% 16% - %
47 33 Sperry Corp (2g)._. 12 39 38 38%+ %
38% 19 Spicer Mfg (le) 3 23*, 23%. 23%.- %
11% 4% Spiegel. Ine (.30e) 6 5\ 5'4
66% 46 Spiegel Inc pf 4.50.. 40s 50% 49% 49% - %
40% 26% Square D Co (.30e)_ 1 30V* 30% 30% — %
7% 5 Stand Brands (40). 20 5% 5% 5%
7% 2% Stand G&E 14 pf __ 5 2% 2% 2'..— %
26% 17% Stand Oil of Cal (1). 8 18% 18 18% + %
29 20% Stand Oil Ind 41)_ 20 21% 21% 21%+%
46% 29% Stand Oil N J (la).. 75 34% 33% 34% -rl%
34% 23 Starrett(LS) 1 25e.. 2 29 29 29
80% 56 Sterl g Prod 3 SOa . 2 64% 64% 64% + %
8% 4% Stewart-War (.25). 7 5% 5% 5% — %
8% 4% Stokely Brothers_ 1 4% 4% 4%
12% 5 Stone & Webster__ 7 5 % 5% 5% -j. %
12% 6% Studebaker _ 17 6% 6 6% + %
10% 7% Sunshine Alin 1 60_ 5 7% 7% 7% — %
27% 12% Superheater (,50)__ 12 13V* 12% 131, % %
2% 1% Superior Oil _ 1 1% 1% ]», _
17%. 9% Superior Steel__. 1 10 10 10 + %
24 , 17% Swift & Co (120)_ 7 18% 18% 18% - %
32% 17% Swift Inti (2) 2 17% 17% 17% + %
9% 4 , Symtng-Gould ww_. 1 5 5 5
6 4% Talcott (J) ,30e_ 2 4 % 4', 4%
40 2s% Talcottt J )pf 2.75... 20s 2*-» 28, 28% -1%
0% 3 Telautograph .10e_. 1 3% 3% 3% 4. %
7 4% Tennessee Corp_ 1 4% 4% 4%
47% 33 Texas Corp (2) x 19 35% 33% 24% +1
35% 26% Tex Gulf Sul (2a) _ 6 27% 27% 27%
6% 3% Tex Hac Do Tr log. 4 4 3% 4 + :
12% 5 Texas & Pac Rwy _ 4 6% 6% 6% + %.
38*, 25*4 Thomp Prodl.75e). 2 27% 27% 27% -r %!
2x, 1 Thompson-Starrett. 2 1% lx, 1%
12 8% Tide Wat As O 40e. 3 9% 9 9
27% 18 Titnk-Det Ax 1.25e 25 23% 21% 23% +1% i
52 35iii Timken R Brg 1.25e 4 37 36x* 37 + i„ |
Prev. 1040 Stock and Sales— Nat
High Low Dividend Rate Add 00. High Low Close, cl ge
7 4% Transamerlea (.BO) 4 4% 4% 4% + %
21% 10% Transcont' It W Air 6 13% 13% 13%
8% 4% Transue & Will .16# 2 5 5 5 — Vi
2% 1% Tri-Continental _ 4 1% 1% 1% — %
5% 3% Truax Traer C .25#. 1 3% 3% 3% + %
13% 5 20th Century Fox _. 13 5% 5% 5% — %
25% 14 20th Cen F Dfl.60._ 1 14% 14% 14%
30 13% Twin City Rap T pf. 30s 15 14% 15
13% 6% Twin Coach ... 2 6% 6% 6% + %
45 22% Underw-El-F(le) ._ 1 22% 22% 22% + V*
18% 9% Un Bag & Pap .IBe) 7 10% 10% 10%+ %
88% 61 Union Carbide 1.70ex 12 62% 61% 62% +1
17% 12 Union Oil(Cal).50e. 4 12 12 12
98 71 -Union Pacific 16)_ 2 76% 76% 76% + %
89% 75% Union Pao pf (4)_ 1 74% 74% 74%+ %
53% 40% Unit Aircraft 1.50e. 8 42 41 42 + %
23% 12 Unit Air Lines 8 13% 13% 13% + i%
19% 12 Unit-Carr fast 60e 2 Vi 12 12 - *
2% 1% United Corp 22 1% 1% 1% — %
42 27% United Corp pf € 3 j 5 29 28% 28V* -IV*
5% 2% Unit Electric Coal.. 2 314 3% 3%
85% 60 United Fruit (4)_ 5 63 61% 63 +1%
15 10% United (las Imp (1) 12 10% 10% 10%+ %
117% 108% Unit (las Imp pf (5) 2 108% 107% 108%
13% 6% Unit Mer & Mfg ,60a 1 6% 6% 6% - %
89 54% US Gypsum (2) 6 54% 53% 53% -1
28 14 U S Indus Alcohol.. 1 16 16 16 +1
7% 3% U S Leather _ 2 3% 3% 3% + %
12% 6 US Leather (A)_ 2 6% 6% 6% + %
38% 22 U S Pipe & Fdry (2) 5 22% 21% 22%
41% 15 U S Rubber 18 17 16% 16% + %
117 68% U S Rub 1st pf (8). x 4 71 70% 71 —1
65 39V* U S Sm & Ref (2e)_. 2 42 41 41 -1
*58% 42 USSteel(le) _ 94 46% 44% 46 +1%
124% 103% U S Steel pf (7) . 5 110 109% 109%
39% 31 Vi U S Tobacco (1.28). 4 32 31% 32 + Va
48% 43 U S Tobacco pf 1.75. 20s 42% 42% 42%
2% 1% Unit Stockyards 1 1% 1% 1%
7% 5% Unit Stockyds pf.70 2 6 6 6 + %
“* „>,VaascoSal«- 1 k in i, - k
43% 2o Vanadium ... 12 29% 28% 29% + %
31% 19 Victor Chem f.30e)_ 2 22 22 22 + %
4% 1% Va-CaroChem_ 2 2% 2% 2%
31% 14 Va-CaroChem of .. 1 16 16 16 - %
118 109 Va Eleo Pwr pf (6). 10s 111 111 111
48 37 Virginian Ry 1.25*. 1 37% 37% 37% - %
100 71 Vulcan Detin 4.50e.. 40s 75 75 75 - %
35% 18% Walker (H) (4)_ 2 19% 19% jgt* — ik
6% 3 Walworth Co _ 5 3% 3% ;ji„
1% *» Ward Baking <B)_ 3 1% 1 1% + %
25%. 14% Ward Baking pf_ 1 15 15 15
4% 2 Warner Bros Piet_ 9 2% 2% 2%
31% 22 Warren Fy & P (2)_ 1 22% 22% 22% —1%
24 14 Wayne Pump (le).. 1 15 * 15 j 15%+ %
29% 15% Wesson OH & Snow. 1 17 17 17 + ]h
115 96% West Penn E pf (7) 10s 99% 99%. 99%
25% 11 W Va Pulp & P ,25e. 1 14% 14% 14% - %
40% 22 West'n AutoS (2).. 4 23 23 23
28% 14% West'n Union Tel_ 2 15% 15% 15%+ %
28% 15V* Westh'se A B ,50e . 15 19 18% 19 + 1.,
118 76 Westhse Elec 1.75e_ 6 84% 83 84% +1%
37% 26 Weston El Inst (2)_ 1 28% 28% 28% +1
38% 27% Westvaco (1.40) _ 2 29 28", 29 - %
39% 28% Westvaco pf (1.50). 1 31% 31% 311, _i
35% 18% Wheeling Steel .. 4 20% 19% 20% + %
11% 8% White Dental 1.60). ] 9% 9:^ <pa
13% 7% White Motor .. 5 g% git g% + 1.,
3% U* Wilcox Oil & G 10a. 1 2% 2% 2%
3% 1% Willys-Overland_ 14 2% 2 2% ■+■ 1.
*5% 3 Wlllys-Overl’d pf_ 9 4 ;•>% J
7% 3 % Wilson & Co - 1 3% ;i7, 3%
27'* 15% Woodward Iron_ 3 22 21 * 2' + 1.
42% 30 Wooiworth <2.40)__ 21 30% 30 . 30 + %
24% 13% Worthington Pump 8 15% 14% 15%+%
93 73 Wrlgley (3a). 3 76 75 . 76
19% 9% Yellow Truck ... 21 11 in , jj + 1
14 6l, Young Spg & W’lre 3 7% 7,. 7%*. %
48% 27% Ygstwn Sh & T .5de x 19 29 , 28 , 29% - %
28% 12% Ygstwn Steel D ,50e 3 14, 141,, 44., ,
17% 8% Zenith Radio (le) 1 9 9 9 ’ +
Approximate Sales of Stocks on the N. Y. Stock Exchanog
11:00 A.M- 90.000 144:00 Noon 160 000
1:00 P.M. 200.000 2:00 PM .. 260’u00
Total Sales for the day. 430.000
s Uni! of trading, in share1
r In bankruptcy or receivership or being reorgarixert
Bankruptcy Act or a-curi*:?.* assumed by such companies d
Ra is of dniornd in the foiegomg table are -,.anni e
bur cements based on the last quarterly « S?mi-innuaVd«lara'
mcluded 0tner*“e r'0,cd £weC!al or «*ra dividends are nrn
x Ex dividend xr Ex rights a Also ex'ra or „„„
d Accumulated dividend: paid last jear e Declared nr i '
far this year, f Payable in stock g Paid la.- year h 50 i
stock. k Accumulated dividends paid or declared thishyear ,
Commodify Credif Corp.
To Need More Funds
By the Associated Press
Commodity Credit Corp. officials
told the House Banking Commit
tee today that they needed a $500.
000.000 increase in their borrowing
power to handle loans they expect
<o be asked to make on 1940 crops.
Secretary Wallace wrote a letter
to Speaker Bankhead last month
saying there was an “urgent need"
for the increase from $900 000.000 to
$1,400,000,000.
Carl Robbins, C. C. C president,
said that as of March 15, the cor
poration's balance available for new
loans was only $33,000,000. He said
officials expected to make loans
this year on 3.300.000 bales of cot
ton. 260.000.000 bushels of corn, 140.
000000 bushels of wheat, plus $40
000.000 in tobacco loans and $60,
000.000 in loans on other crops.
He told the committee that since
the corporation was credited six
years ago it had suffered an actual
loss of slightly less than $25,000,000.
although complete liquidation of its
paper at given times would have
been considerably higher.
Pepsi-Cola Is Ordered
To Pay $5 Dividend
Ey the Associated Press.
WILMINGTON, Del., June 6.—
The Pepsi-Cola Co. has been directed
by Chancellor W. W. Harrington to
pay Loft, Inc., a dividend of $5 a
share on 147,749 shares of stock held
in escrow by the Delaware Trust
Co., it was announced today.
The Pepsi-Cola dividend was de
clared May 17, payable June 10 to
stockholders of record May 24.
Bituminous Output
Off Slightly in Week
The National Coal Association,
from incomplete car-loading reports
from the railroads, estimates bi
tuminous coal production in the
United States for the week ended
June 1 as approximately 7,600,000
net tons. Production for the cor
responding week: 1939, 5,778,000
tons: 1938. 4,691,000 tons. Percent
age of increase: 1939, 31.5 per cent;
1938, 62.0 per cent.
The report of the Bituminous Coal
Division of the Department of the
Interior shows production of 7,670.
000 tons for the week ended May 18
and 7.960.000 for the week ended
May 25. 1940.
Production calendar year to June
1: 1940, 188.593,000 tons (subject to
revision); corresponding period 1939,
135.729,000 tons; increase, 38.9 per
cent.
Expansion Is Planned
By Beech Aircraft
Specisl Dispatch to The Star.
NEW YORK, June 6.—Plans for
the expansion of production and
flying field facilities in line with
the national expansion of aircraft
production were announced yes
terday by Beech Aircraft Corp.,
Wichita, Kans.
The corporation has contracted
for the purchase of a 160-acre tract
immediately adjoining the present
holdings of the company, and a
storage hangar of 42,000 square feet
will be the first building to be
erected on the added site..
Oil Burner Orders Up
New orders booked by manufac
turers of oil burners, the Census
Bureau says, totaled 15,889 in April,
compared with 12.883 in March and
11,346 in April, 1939.
Pennsy Calls Back
1,080 Men in East
By the Associated Press.
PHILADELPHIA, June 6.—Recall
of 1.080 furloughed employes for the
regular seasonal checkup of tracks
and roadbeds in the Eastern region
was announced today by the Penn
sylvania Railroad.
The railroad’s Eastern region ex
tends from Trenton. N. J„ south to
Norfolk, Va., and west to Altoona,
Pa.
Renault Visit Arouses
Business Speculation
By the Associated Press.
NEW YORK. June 6—Louis Re
nault, French automobile manufac
turer, arrived from Europe today on
Pan-American Airways Lisbon Clip
per.
It was understood he was en
route to Washington on official busi
ness and would confer with French
Embassy officials in the National
Capital.
Inasmuch as Renault's factories
in France are turning out motors
suitable for aircraft, there was spec
ulation that his errand here might
be in connection with the purchase
of American aircraft and parts for
France.
Bureau Issues Report
On Cotton Imports
By the Associated Press.
The Customs Bureau said yester
day that imports of cotton staple
1 ’ b inches or more from September
20, 1939, to May 25, filled 24.285,025
pounds of the 45.656.420-pound
quota for the year ending next Sep
tember 20.
Principal imports in this classi
fication were 23.898.655 pounds from
Egypt and the Anglo-Egyptian Su
dan and 374,199 pounds from Peru.
Imports of staple under l's inches
amounted to 4.598.797 pounds of the
14.516.882-pound annual quota and
included 3.275.755 pounds from Mex
ico. 972,561 pounds from India and
298.072 pounds from Brazil.
Imports of cotton card strips and
waste amounted to 2.850,779 pounds
of the 5.482.59-pound annual
quota, including 2.557,944 pounds
from the United Kingdom and
239.690 pounds from Canada.
Iron, Steel Exports
Decline in April
By the Associated Press.
Exports of iron and steel products,
the Commerce Department reports,
dropped in April to 391,754 tons
worth $29,223,257. compared with
457,052 tons worth $34,220,853 in
March. In April, 1939, shipments
amounted to 153,884 tons worth
$12,245,537.
Since March shipments declined
to every continental area except
Africa.
Square 'D' Declares
50-Cent Dividend
By the Associated Press.
DETROIT, June 6.—Directors of
Square ‘‘D’’ Co., makers of electrical
equipment, have declared a dividend
of 50 cents a common share, payable
June 29 to holders of record June 5.
Previous payment was 30 cents on
March 30.
Bank Payment Due
BALTIMORE, June 6 OF).—State
Bank Commissioner John W. Down
ing said today permission had been
granted the Westminster Savings
Bank of Westminster to make a 10
per cent payment on the certificates
of beneficial interest issued under
the bank’s 1933 reorganization plan.
Treasury Financing Plan
Due Next Monday
By the Associated Press.
| Secretary Morgenthau said today
! he would announce next Monday
whether the Treasury would refund
or redeem in cash $352,993,450 of
Treasury bonds which have already
been called for redemption on
June 15.
The Treasury Secretary said inter
; national developments in the next
| lew da>s. as they affect financial
j markets, would determine his action.
No other financing, he added, was
contemplated this month.
It is understood that if market
| conditions are favorable the Treas
ury will offer holders of the old se
cuiities a new Treaury obligation in
exchange. As an alternative, the
j Treasury may use its quarterly June
15 income tax receipts to pay off the
, bonds and reimburse itself by selling
more short-term Treasury bills.
New York Cotton
By the Associated Press.
NEW YORK. June 6.—The rally
in sterling, securities and grains
was felt in cotton futures near the j
session s end today. Active covering :
of July delivery was accompanied
by professional and outside buying1
of distant positions and. the market j
closed with net gains of 5 to 13
points.
The ra*tce follows:
Old contract:
Open. Hich. Low Last. !
!».43 P.'JH J* 43 '
• New contract:
i,ly. P.4H P.55 f» 4« <» r>5r
October - >4.-, s * ’ s'55
I December _ s.:i7 s.47 s 9:1 s i:
January -8.20 8.2M 8 28 s 4nn
March - s.lh s 79 s.m s'29
May 8.07 8.J5 s ii| 8 15 I
Middling soot (T»-inch). 10.,'iln.
C ottonseed oil.
Bleachable cottonseed oil futures closed
r ®ales' os contracts. July. 1
« ii.b. September. 8.08b: October, e.osb I
I December. (S.lob; January, 8.14b.
. New Orleans Prices.
NEW ORLEANS June t. i.tpi.—After earlv
declines cotton futures advanced todav on i
encouraging Allied war news and firm spot >
basts for cotton. Closing prices were
steady at net gains of 4 to 14 points
, , Open. High. Low. Close.
July , » 99 !».5« 9.19 9.58
July (new)_9.59b 9 Tfib
October - 8.50 8.81 8.48 8 80-81
December- 8 45 8.50 8.118 8 49
January - 8.:12b s 40b
March _ 8.29 8.9*1 8 ”9 s .T*
May „ J #.11 #.(*4 S.lfih
Cottonseed oil closed steady Bleachable f
prime summer yellow 5.5m nominal; prime
; crude, nominal. July. 5.53b: September. ;
; 5.58b; October. 5 t*«»b. December. 5.ti8b.
b Bid. n Nominal.
Dividend Is Declared
By Safeway Stores
By the Associated Press.
SAN FRANCISCO, June 6 —Safe
way Stores, Inc., will pay a dividend
of 75 cents on common stock and
the regular $1.25 a share on 5 per
cent preferred July 1, record June
19.
The company will take a stock
holder vote July 30 on a proposed
increase in preferred stock author
ization.
Zenith Radio Shows
Profit of $738,983
By the Associated Press.
CHICAGO, June 6.—The Zenith
Radio Corp. and wholly owned sub
sidiaries reported a consolidated net
profit of $738,983, equal to $1.48 cents
a share, for the fiscal year ended
April 30. This compared with
$1,075,254, or $2.15 a share, in the
preceding fiscal year.
Northwestern Electric
Reports Higher Net
By the Associated Press.
SAN FRANCISCO, June 6 —
Northwestern Electric Co. reports
$551,928 net profit for the 12 months
ended April 30. 1940, $2.18 a share
on common stock, compared with
$496,856, or $1.63 on common in the
preceding 12 months.
Steels Assume Lead
Of Selective Rally
On Stock Market
Prices Slip a Shade
Near Close; Few
Losses Seen
Stock Averages
.30 15 15 60
.. . , Indust. Ralls. Util. Sties.
Net change ..+.5 +.2 +.2 -*-.3
Today, close 53.8 13.6 31.1 37.9
Prev. day.. 53.3 13.4 30.9 37.6
Month ago. 71.3 18.8 38.9 49.9
Year ago... 67.9 18.6 37.6 47.8
1940 high.. 74.2 20.5 40.6 52.2
1940 low .. 53.3 13.1 30.9 37.6
1939 high.. 77.0 23.8 40.6 53.9
1939 low... 58.8 15.7 33.7 41.6
60-Stork Range Since 1927:
v. 19-2I*28- 1932-36. 1927-29.
High ... 75.3 72.8 157.7
Low 33.7 16.9 61.8
(Compiled by the Associated Press.)
By VICTOR EUBANK,
Ac.< oc*ated Press Financial Writer.
NEW YORK. June 6.—Wall Stree
felt a bit better about the war toda’
and traders lifted steels and selectei
issues fractions to a point or more
Best bidding came in the fina
hour. Quotations slipped a shad'
near the finish and, here and there
minus signs were to be seen.
The ticker tape barely moved ex
cept at intervals until the closinj
stretch when a handful of low
priced stocks appeared in block
running to 10.000 shares for Pack
ard. Willys Overland also was lively
Notwithstanding the late f.urry
the session was one of the slowes
for about a year. Transfers approx
imated 400.000 shares.
European bulletins still left th
outcome of the raging Somme bat
tie in doubt, but speculative force
seemed heartened by indications th'
French were putting up strong re
sistance to the Nazi push. Cloudini
the picture was a new bombini
thrust at England and British re
tailiatory air raiding of the Ger \
mans. The question of Italy's entr;
into the conflict persisted as a re
straining market influence.
"Free" sterling rebounded sharplj
in terms of the dollar on report,
the British treasury might take step,
to eliminate this currency from in
ternational dealings. The Frencl
franc also pushed up briskly.
Business news concerning broad
ening operations in a number o
heavy industries served as a proj
to sentiment.
Shares attracting support include!
United States Steel. Bethlehem, Re
public. Youngstown Sheet, Dougla
Aircraft, Sperry. United Aircraft
Chrysler, General Motors, Anaconda
American Telephone, Westinghouse
Du Pont, Eastman Kodak, Grea
Northern, Standard Oil of Nev
Jersey, American Woolen, Goodrich
Sears-Roebuck and Internationa
Paper.
J. C. Penney lagged, along wit!
U. S. Gypsum, U. S. Rubber pre
ferred and Glenn Martin.
Chicago Grain
By the Associated Press.
CHICAGO. June 6.—While dealer.
1 waited anxiously for news tha
might give some definite clue as t*
the outcome of the Somme battle
grain prices today drifted aimlessly
j but after dipping about a cent re
I covered all of the loss and closet
higher in some cases,
j Trading was at a standstill mucl
J of the time due to uncertainty re
garding the war and hesistancy cr
I many dealers to enter the marke;
with prices at or near minimun
quotations permitted by tradini
rules. Few or no transactions wert
made in the oats, rye or soy beam
pits, where prices were at the mini
mums.' Wheat sagged to withir
fractions of these minimums at on«
stage.
The closing rally in the wheat anc
corn pits was attributed to scatterec
short covering and some purchasing
credited to processors. Wheat closec
unchanged to 12 higher, comparec
with yesterday's finish; July. 79!2-58
September. 80-80%; corn, 3„ lowei
| to % higher: July. 62-,-63: Septem
ber. oats, unchanged tc
1 % up.
| WHEAT—
I Op-n. Hieh. Low. Close
•tub- . .7 .79% .78% .79%-%
Sent.-.80 .80% 79 SO-SOM
Dec- * .81 .81 % ,SO% .81%-%
CORN—
July .6'.’% .63% .62 R2%-67
Sept. ... .61% .61% .60% .61%-%
Dec. __ .60% .60% .59% .59%
OATS—
July,. . _ .33% 33%
Sept. -.31% .31% .31% .31%
Dec. .32% .. .321,
SOY BEANS—
July ... -- .. .89%
Oct. _ _ 77
Dec. - -I II ” ;78%
RYE—
July _ .. _ __ .44%
Sept. _ _ 46'a
Dec. .48 _ .48
LARD—
July 5.12 5.17 5.12 5 17
Sept 5.35 5.37 5.32 5 37
Oct. -5 45 5 47 5.42 5 47
J Dec 5.60 5.65 5.60 5.65
I BELLIES—
i July 5.62 5.05 5.62 5.65
I Sept. . _ . .. 6.50
Chieaito Cash Market.
Wheat. No. 2 hard. 82. Corn. No 1 vel
low. 65%-H6%: No. 2. «»%: No. 4. 66: No
1 white. 77-7 7%. Oats, No. 1 mixed
-••>%; No. 2 white. 36%: No. 3. 34%-3o%
Barley, maltins. 65-60. feed, 40-48
Winnipeg Prices.
WINNIPEG. June 6 ^P).—Grain rangt
today: *
WHEAT— Prev
Hjsh. Low. Close, close
July. -..4*4 .W35g .74 .74 3<
October -.7t334 .76U .76 Vi .7b7!
December _ • 70
OATS— " -
July __ _ .3134 .313, .31 Vi .31*1
Wheat. No. 1 Northern. 733*; No 2
TO’s; No. 3. 66».; oats. No. 2 white. 32
No. 3. 31.
Baltimore Quotations.
BALTIMORE. June 6 t/Pi.—Wheat. No
2 red winter, aarlicky. spot, domestic. 95
Manufacturers Appoint
Four Vice Presidents
By the Associated Press.
NEW YORK, June 6.—Three well*
known Middle Western industrial
ists and one from the South have
been made vice presidents of th«
National Association of Manufac
turers.
They are; H. A. Bullis, Minne
apolis, Minn., executive vice presi
dent of General Mills; B. C. Hea
cock, president of the Caterpillai
Tractor Co., Peoria, 111.; E. J. Mc
Millan, president of the Standard
Knitting Mills, Inc., Knoxville
Tenn., and Craig R. Sheaffer, pres
ident W. A. Sheaffer Pen Co., Fori
Madison, Iowa.
Eire has a shortage of agricultural
Implement*.