D. C. Life Insurance
Sales Up 18 Per Cent
From June Year Ago
Half-Year Volume
Also Slightly Above
Record for 1939
By EDWARD C. STONE,
Details from the June report of
the Life Insurance Sales Research
Bureau at Hartford disclose that
sales in Washington reached $6,
565,000. as compared with $5,481,000
a year ago in the same month, a gain
of $1,084,000, or 18 per cent. This
was by far the largest volume of new
business written in any month in
1940.
Life insurance sales in the Capital
In the first six months of this year
totaled $32,490,000, against $32,
052.000, or a fraction of 1 per cent
ahead of 1939, although the Hartford
report calls business the same as
last year.
The 18 per cent advance in Wash
ington compares with a gain of
only 4 per cent in the whole country
in June, when sales totaled $553,
086.000. A national drop of 3 per
cent occurred in the six months
when new policies reached $3,290,
870.000. The South Atlantic section
reported a June rise of 12 per cent,
and a half-year move of 1 per cent,
the best sectional showing in the
United States.
Comparisons With Last Year.
So far in 1940 sales in Washington
compare as follows with the corre
sponding months in 1939.
1940. 1939.
January .$4,671,000 $7,183,000
February . 4.624,000 4,628,000
March -. 5,031,000 5,240,000
April . 5.760,000 4.684,0001
May___ 5.839.000 4,836,000
June . 6,565,000 5.481,000
Virginia scored a better gain than
the District of Columbia, a total of
$8,731,000 in new policies, being
23 per cent ahead of last year. Vir
ginia's half-year sales reached $45,
485.000, a rise of 4 per cent over last
year.
Maryland was also one of the lead
ing States, reporting a 16 per cent
June gain on a new policy volume of
$9,248,000. Business in the half-year
amounted to $48,745,000, off 2 per
cent from the like 1939 period.
West Virginia enjoyed a substan
tial 11 per cent gain in June, volume
reaching $4,353,000. while policies in
the first half-year totaled $27,891,000,
wuthin 6 per cent of the figure a
year ago. On an $8,000,000 total.
North Carolina wras up 1 per cent
in June, w-hile South Carolina, on a
total of $4,032,000 in June, was up
4 per cent.
Among leading cities, St. Louis
reported a June upswing of 19 per
cent. Cleveland matched Washing
ton with an 18 per cent upturn and
Los Angeles boosted business by
12 per cent, the monthly review
concluded.
Further Prosperity Forecast.
A. M. McLachlen, president of the
District Bankers’ Association, today
predicted further substantial growth
in prosperity in the Capital as a
result of the recent increase in
population reported by the Bureau
of the Census.
The growth in population of the
District of Columbia to an all-time
high figure of 663,153, as shown in
the recent census report, will un
questionably result in greater busi
ness activity and prosperity, he said.
Banks will share in the increased
activity and are prepared and
anxious to do their part in meeting
the requirements of a growing com
munity. Deposits will continue to
increase and there will be a greater
demand for loans of all kinds bs
well as for the many other services
rendered.
Building and general trade vol
umns should expand and this sub
stantial and probably continuing
growth in population in the District
should mean greater prosperity in
all lines of mercantile business, Mr.
McLachlen concluded.
Condition Reports Published.
Condition reports of 21 of the 22
Washington banks and trust com
panies, which appeared in The Star,
following the Controller of the Cur
rency's recent call, dated June 29,
1940. have been assembled and pub
lished by The Star in pamphlet
form.
The booklet includes an analysis
of the banking situation in Wash
ington and pictures the very sharp
deposit gains in recent years, an
increase of more than $60,000 000
in the past year alone. Reasons for
the steady deposit growth are also
presented.
The booklet, which is published
after every bank call, has Droved
very popular among bank officials
as well as with a host of business
men and investors. Copies are avail
able on request to the advertising
director of The Star.
Southern's Earnings Gain.
In the first/ five months of 1940
the Southern Railway earned 78
cents per share on the 5 per cent
non-cumulative preferred stock,
compared with a net loss of $593,391
in the first five months of 1939.
Holders of American Telephone
& Telegraph stock received the sec
ond-quarter dividend checks this
week, for $2.25 per share. At the
same time the company announced
a gain of 449,000 telephones in the
first half year, against 370,000 a year
ago.
The Washington office reports that
directors of the Home Life Insur
ance Co. of New York have elected
two new directors, N. Baxter Jack
son, first vice president of the Chem
ical Bank & Trust Co., New York,
and Walter Hoving, president of
Lord & Taylor.
B. C. Marbury, Washington rep
resentative of the Lincoln National
Life Insurance Co., ranked fifth
among 1.500 salesmen in the amount
of new business paid for in June on
the lives of old policyholders.
General Electric’s stockholders on
June 20, record date for the July 25
dividend payment, totaled 211,117,
an increase of 1,137 over the number
in June, 1939.
Exchange More Active Today.
In more active trading on the
Washington Stock Exchange today,
Washington Railway & Electric 4s
registered a $2,000 transfer at 108,
up half a point.
Georgetown Gas 5s appeared on
the board for the first time this
year, a $500 bond moving at 116.
Potomac Electric Power 6 per cent
preferred stock figured in a small
sale at 113 and 50 shares of Capital
Transit changed ownership at 12 Vi.
Washington Gas common and
Riggs National preferred are now
being quoted ex-dividend.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
By Private wire Direct to The Star.
Prev. 1940 Stock and Sales—' B«t.
High. Low Dividend Rate. • Add 00. High Low. Close, ehce.
62% 34% Acme Steel (3)_ 2 44% 44% 44%+%
9 4% Adams Express .16a 6 6% 6% 6%
27% 16% Adams-Miliis (1)._ 1 18% 18% 18%-%
19% 12% Addressograph .95s 2 13% 13% 13%
68% 36% Air Reduction (la). 7 41% 40% 40%+%
7 4 Alaska Juneau .60— 9 4% 4% 4%
1% % Alleghany Corp_ 6 % tt %
14% 6% Allegh y $30 pf ww. 6 9% 8% 8% - %
12% 4% Alleghany pf xw __ 2 7% 7% 7% — %
17% 7 Alleghany prior pf. 1 12% 12% 12%
26% 16% Alleg-Ludlum 60e. 11 22% 22 22 - %
12% 6% Allen Indust .50e . 3 8% 8% 8% + %
182 135% Allied Chemical (6) 3 147% 146 147%+2%
16% 10 Allied Mills ,75e_ 9 11% 11% 11%+%
9% 4% Allied Stores_ 10 6% 6 6% + %
41% 21% Allis-Chalmers .60s 8 31 30 30%+ %
21 12% Am AgrCh Del .60* 2 14% 14% 14%+%
75 41% Am Airlines_ 15 60 58% 58% -1
12% 6 Am Bank Note_ 6 7 7 7
9% 6% Am Bosch _ 1 5% 5% 6%
45% 28 Am Brake Shoe .70s 1 34% 34% 34% + %
116% 87 AmCan (() ... 6 95 94% 95 — Vi
33% 18 Am Car & Foundry. 11 25% 24% 24% — %
51% 34 Am Car & Fdry pf.. 1 42% 42% 42%+ %
23% 13% Am Chain & C 80e.. 7 18% 18% 18%-%
9% 5% Am Colortype .25e.. 1 6% 6% 6% + %
15V* 8 Am Crystal Sug.25e 2 9 9 9 — %
28% 10% Am & F P 1% pf.70k 1 16% 16% 16% + %
50% 23 Am-Hawailan (la). 3 27 26 26 -1%
6% 3 Am Hide & Leather. 2 4% 4% 4%
66)* 45% Am Home Pr 2.40... 2 54 53% 54 +1%
3% 1% Am Ice .. ... 1 2% 2% 2% + Vi
6% 3 Am International_ 4 3% 3 3
22% 10 Am Locomotive_ 3 13% 12% 12% — %
63 38 Am Loco pf (Ik)_ 1 45% 45% 45% — %
14% 10 Am Mach & Fy 80.. 1 12% 12% 12%
26 20V* Am News (1.50) ..300s 21 20% 20% -1
6% 2 Am Power & Light. 9 4 3% 3% - %
54 28% AP&L J5 pf 2.8125k 5 44 43% 43%-%
63% 34% AP&L $6 pf 3.375k 1 51% 51% 51%+%
10% 4% Am Radiator 12 5% 5% 5% + %
163 135 Am Radiator pf (7) 10s 145 145 145
17% 9% Am Rolling Mills 11 11% 11% 11%-%
70 48% Am Roll Mpf 5.125k 1 59% 59% 59%-%
12% 7 Am Safety Raz .80.. 9 8% 8 8%
11% 5 Am Seating (.50g)_. 2 7% 7 7% + V»
37% 23 Am Ship Bldg (le).. 40s 28% 27% 28%+%
54 30% Am Sm & Ref 1.60e. 2 36 36 36 + %
33% 19% Am Steel Fdry 60e. 4 24 23% 24
23% 12% Am Sugar Refining. 1 13% 13% 13% + %
175% 145 Am Tel & Teleg (9). 12 161 160 160%+%
89% 69 Am Tobacco (5) 1 75% 75% 75% — %
91% 70 Am Tobacco!B)(5) 5 77% 77 77 -%
5% 2% Am Type Founders. 2 3% 3% 3%
12% 5% Am Water Works . 14 9% 9 9 — %
101% 83% Am W W 1st pf (6). 3 90% 90 90% +1
12 6 Am Woolen . 16 9% 8 9 — %
52% 25% Am Woolen pf (Ilk). 9 40% 38% 38% — %
8% 4% Am Zinc & Lead _ 1 5% 5% 5%
32 18 Anaconda ( 75e) .. 53 19% 19% 19%-%
112% 107 Anchor H G1 pf (5). 10s 111% 111% 111% + %
15% 8 Andes Copper .50e . 1 8% 8% 8% + %
110% 97% Armour (Del)pf<7). 1 102 102 102
7% 4 Armour (111) _. 4 4% 4% 4% - %
64% 35 Armour (111) pr pf. 2 41% 41% 41% — %
43% 22% Armstrong C’k 50e. 1 29% 29% 29%+ %
11 6% Arnold Const .50e_. 1 8% 8% 8% + %
45 29% Assoc Invest (2) __ 2 31 30% 30% — %
25% 13 Atch T & Santa Fe 18 16% 16 16 - %
57% 39% Atch T& SFe pf(5e) 3 48% 48% 48%+%
23% 9% Atl Coast Line_ 4 12V* 12 12
27% 18% Atl Refining (1)_ 7 21V* 20% 20% - %
9% 7 Atlas Corp (,25e)._. 7 7 7 7 "
51 43% Atlas Corp pf (3)... 1 46% 46% 46%+ %
8% 4% Aviation Corp ... 13 5% 6 5
19% 12% Baldwin Loco ctfs.. 17 15% 14s; 14% — %
6% 2% Balto&Ohio _ 2 3% 3% 3%+%
8 3% Balto&Ohiopf_ 2 4% 4% 4%
14% 7% Bangor&Aroostook. 2 8% 8% 8% + %
52% 34 Bangor&Ar pf (5). 10s 39% 39% 39% - %
16% 8% Barber Asphalt 50e 2 10 9% 9% + %
13% 7% Barnsdall Oil ,30e._ 2 8% 8 8 - %
36% 20% Bayuk Cigars 60e.. 1 26% 26% 26%+ %
35% 18% Beatrice Cre (la)... 3 23s* 23% 23%+ %
9% 7% Belding-Hem 40e . 1 8% 8% 8% + %
36% 24% Bendix A viat-n( le) 31 28%. 28 28 - %.
22% 17% Beneficial Loan 90e 3 18% 18% 18%
89% 63% Beth Steel 2 25e 47- 78% 76 76% -1%
22% 15 Black & Decker (1) 3 17% 17%. 1714
11% 5% Blaw Knox . 4 7% 7% 7.% _
80 54 Blumenthal (S) pf. 40s 62% 62% 62%
28s; 12% Boeing Aeroplane . 26 14% 14% 14% — %
29% 19% Bohn Alum n 5(>e . 2 22 21% 21%
29% 19 Bond Stores (l.fiO). 5 24% 24% 24% — %
24'* 17 Borden Co <60e) _. 4 19% 19% 19% — %
25% 12% Borg-Warner 60e . 4 16 15s, 15% - %
7 4% Brewing Corp (.60). 3 5% 5% 5%+ %
23% 13% Briggs Mfg le) _ 16 17% 17% 17% - %
24% 13% Bklyn-Man Transit 15 23% 22% 22% — %
3% 1% Bklyn & Queens 1 3% 3% 33,
25% 13Vi Bklyn Cn Gas Toe). 1 18% 18% 18%+ %
29% 14s* Rrunswtck-B .75e . 4 19 19 19
10% 6% Bucyrus-Erie (.25e) 6 7% 7% 7% + %
111 97 Bucyrus-Erie pf (7) 20s 103 103 103
6% 3 Budd Mfg - 11 3% 3% 3% - %
44% 21 Budd Mfg pf.. ... 80s 35 33% 33% - Vi
6% 3% Budd Wheel (,20e)_ 3 4% 4% 4%
33V* 20 Bullard Co (.75e) .. 2 27 27 27 - %
33 17% Bulova Watch (2a). 2 27% 27 27% + %
21% 12V* Burlington M (1) 13 16% 16 16%+ %
12% 7% Burr's Add M (,30e) 6 7% 7% 7%
5U 2 Bush Terminal _ 6 2% 2% 2% — Vi
13% 5% Bush T Bldgs pf 70s 6% 6% 6% + Vi
7% 4% Butler Bros (,15e) .. 15 5 5 _ %
^■>■4 ii» Biuier tiros pi l.au. 2 20% 19% 19%+ %
13% 6% Byers lAml Co ... 1 7% 7% 7%
26% 14 Calif Packing (1 >_ 1 19 18'i 18% - %
1% 1 Callahan Zinc 8 1 1 1
8% 4% Calumet & Hec 75e. 2 5% 5% 5%
19% 11 Campbell YVy 65e.. 1 12% 12% 12% + %
6i» 2% Canadian Pacific_ 14 2% 2% 2%
75 39% Case (Jl) Co .... 1 50 60 50 +2%
56% 42% Caterpillar Trac(2) 6 48% 47% 48 +1%
35% 20 Celanese Corp (la). 46 29% 28% 28% - %
119 105% Celanese pr pf (7) 10s 117 117 117
72 48 Celotex Corp pf (5) 20s 53 53 53 +2
26% 17% Cent Aguirre 1.50__ 2 17*4 17% 17% — a*
3% 1% Central Foundry __ 2 1% 1% 1% — %
41% 22% Cerro de Pasco (3e) 2 26 25% 25% — %
8% 3% Certain-teed _ 3 4% 41* 4%
36% 15% Certaln-teed pf 450s 23 21% 21% —1
30% 17%. Champ Pap & F ,40e 1 22 22 22 + %
4% 3% Chesapeake Corp(r) 14 4 4
42% 30% Ches & Ohio (2.50) _ 19 37% 37 37 — t;
2% % Chi Grt West pf (r) 8 1 1 1
6% 2% Childs Co . ... 2 2% 2% 2%
91% 53% Chrysler Corp 2.50e. 21 67 65% 65% -1%
114% 108 Clev El Ulu pf 4.50. 40s 112% 112 112 - %
41% 25% Climax Molyb 1.20.. 5 28 27% 27%
45% 25% Cluett Peabdy (le). 8 34% 34 34 — 14
24 12% Colo Fuel & Iron _ 1 16 16 16 +1
26% 16 Columb B C(A).90e. 4 19% 19% 19% - %
7% 4% Columb G& El 20e. 18 6 5% 57, _ %
93% 67% Col G&E pf A (6) . 2 84 84 84 -1%
79 59 Columb G&E pf (5). 10s 70% 69 70% +3%
98% 71 Columh’n Carb (2e) 1 79 79 79 9-1
48 27% Cornel Credit (3)... 4 28% 28% 28% - %
56 32 Cornel InvTr HI . 3 351,4 35 35 _
113 97 Cornel Inv T pf 4.25 1 102 102 102 +1
16% 8 Cornel Solvents _ 13 9% 91,4 91*
33 25% Comwlth Ed (1.SO). 37 31 30% 30*,— 14
1% % Comwlth & South’n. 47 1% ji/4 l»4 — 1,
73% 42 Comwlth & S pf (3) 1 61% 61% 61% -1%
24% 14 Congoleum (1)_ 4 17 17 47 _
31% 17% Consol Aircraft_ 4 21% 20% 20% — %
95 75 Consol C pr pf 6.50.. 10s 84% 84% 84%
9% 4% Consol Cop M .16e_. 7 5% 5% 5% -r %
32% 23 Consol Edison (2).. 9 28% 28% 28% + %
110% 97% Consol Edis pf (6) . 1 107 107 107
10% 5% Consol Film pf 50k 1 6% 6% 6% - 1.
4% 2% Consol Laundries _ 1 2% 2% 2%
8% 5% Consol Oil (.SO) _ 10 6% 6% f %
2% 1 Consol RRCubapf. 1 1% 1*^ 1 :k
4% 2% Consolidation Coal. 1 2% 2% 2%
19% 9% Container Corp ,75a 1 13% 13% 13% _ ^
15% 7% Conti Baking (A)4 9% 9 9
1% % Conti Baking (B) .. 2 ’ % 74 74
97% 70 Conti Baking pf (8) 1 80 80 80 +3
49% 33 Cont’l Can (1.50e) .. 4 39% 39% 39%+%
9'* 4% Conti Diamond .25e 1 6% 6% 6% + %
4% 2 Conti Motor _ 22 3 2% 2% — %
25 16% Conti Oil (.50e)- 6 18% 18% 18% - %
33 18% Gontl Steel (,50e) . 1 22% 22% 22% — %
25% 15% Coppertveld Stl .fine 4 18% 18 18 — %
70 47 Copperweld pf 2.50. 3 54% 54 54
61% 41 Corn Exchange (3). 20r 51% 51% 51V, + %
65% 44% Corn Products (8).. 3 50'% 49% 50% — Vi
7% 4 Cotv Ino (,25e)_ 10 5% 5% 5%
24% 13 Crane Co _ 10 15 14% 1474
105 75 Crane Co cv Df (6). 80s 90% 90% 90%
38% 18% Crown Cork & Seal 4 22% 22% 22% + %
45 37 CFn C&S pf ww 2.25 50s 36 36 36 -1
21% 12 Crown Zeller (le).. 19 14% 14 14 _ 14
95% 75 Crown Zeller pf(5). 10s 90 90 90 + %
43% 25 Crucible Steel _ 3 30 29% 29% - %
8% 3% Cuban Am Sugar__ 6 4% 4% 4%
17 9% Cudahy Packing- 1 10% 10% 10% + %
4% 2 Curtis Publishing.. 2 2% 2 2 — %
51 31 Curtis Pub pf (2k). 3 39% 39 39
11% 6% Curtiss-Wright _ 68 7% 7% 7%
32% 21% Curtiss-Wr (A) Is. , 6 24% 24% 24% - V,
22% 14% Cutler-Hamm’r 50s 2 19 19 19 + y4
8% 3% Davison Chemical.. 1 4% 4% 4%
23% 13% Deere & Co _ 2 15% 15% 15% — %
23% 8% Del & Hudson_ 2 12 11% 11% — %
5% 2% Del Lack & Wn _. 4 3% 3% 3%
125% 98% Detroit Edison (5e) 1 115 115 115 +2%
23Vi 12% Devoe & Kay A 25s. 100s 12% 12% 12% - '%
20 12% Dlstlll-Seagr <2)_ 4 15% 15% 15%
23% 11% Dome Mlnss (2) 5 131* 13% 13%+ %
94% 65% Douglas Air <Sg)._ 6 69% 68'% 68%-1
171 137 Dow Chemical (S)__ 2 150% 150% 150%+2%
30 14% Dresser Mfg (le)__ 4 22 22 22
10 5 Dunhlll Imematl.— 1 7% 7% 7%
120 114 Duplan Silk pf <8)_. 30s 114 114 114
189% 146% Du Pont (3.50e)_ 10 159% 157% 157% -1%
126 114 Du Pont pf t«.60J_ 1 124 124 124
44% 25% Eastern Air Lines.. 15 30 29% 29% — %
166% 117 Eastman Kodak <«) 3 119% 119% 119% - %
37 22 Eaton Mfg (1.50s>_. 5 30% 30 30 - %
41% 25 Elec Auto-L 1.60e._ 6 32% 32% 32% + %
18% 10% Electric Boat ,40e„ T 14 13% 13% — v«
1% % Electric & Music_ 1 Hr Hr * - Hr
8% 3 Elec Pwr & Light.. 27 6% 6% 5% - %
31% 15% Elee Pwr & Lt 86 pf 17 31% 30% 30% — %
36% 18% Elec Pwr & Lt $7 pt 41 35 33% 33%—%
1% % Elk Horn Coal_ 1111
41% 26 El Paso Nat G (2)_ 1 32% 32% 32% — %
12% 5% Eng Pub Servlc#._ 12 9% 9 9 + %
% % Eqult Office Bldg.—. 2 % % % — %
.1% % Erls RR tr)__ 11 1 1 + %
Prev. 1840 Stock and Halts— Mat.
High. Low. Dividend Rate. Add 00. High. Low. Close, chge.
11% 5 Evans Products.—. 2 6% 6% 6%
84% 20% Ex-Cell-O < le)_ 2 30% 80% 30'%
49% 29% Falrb’ke Hornet la) 5 39 38% 38% +1
25 15 Federat DepStde). 3 18% 18 18% + %
95 79 Federat’d DS pf 4.25 1 91 9L 91 +6
40% 27% Fidelity Phoe 1.60a. 4 35% 35 35 + %
21% 12% Firestone Tire ,76e. 2 14% 14% 14% + %
21% 10% Flintkote llgl 6 13% 13% 13%+%
38% 24% Florence Stove (le) 2 28% 28% 28% + %
35 18% Food Mach (,60e)_ 3 22 21% 22 -%
21% 9% Foster Wheeler 1 13% 13% 13% - V*
88% 24% Freeport Sulph (1). 1 31 31 31
2% 1% Gabriel (A) _ 12 2 2
20 10% Gatr (Robert) pf 1 1274 1274 12%+%
18% 12 Gamewell Cod.SOe) 130s 16 15% 16 + %
105% 97 Gannett Co pf (6),. 20s 100 100 100
7% 3% Gen Am Invest 2 4% 4% 4%
67% 35% Gen Am Trans 1.25e 7 45% 45% 45% + %
8% 6% Gen Baking (.30e).. 6 7 6% 6% - %
1174 4% Gen Cable 6 5 5 5 + 74
1974 12% Gen Cigar (,50e)_ 2 16% 16% 16% + V,
117% 102 Gen Cigar pf (7>.__ 40s 106% 106% 106%
41 26% Gen Electric (.70e). 63 32 31% 31% + %
49% 36 Gen Foods (2) _ 6 43 42% 43
118% 111% Gen Foods pf (4.50) 1 113% 113% 113% - %
% V* Gen Gas* El (A)._ 4 ft ft ft, - ft
101 77% Gen Mills (4a) .. 1 88 88 88 -1
56% 87% Gen Motors tl.75e). 89 44% 43% 43%-%
127% 116 Gen Motors pf (5).. 1 125 125 125 -%
7% 3% Gen Outdoor Adv... A 4 4 4
1% % Gen Public Service. 1 % 74 %
1974 9% Gen Rwy Signal _ 2 11% 1174 11%
# % Gen Realty & Util.. 2 ft ft ft
33% 20 Gen Refractor 50e. 7 23% 22% 23% - V«
15'4 1074 Gen Shoe (.80e)_ 3 10% 10% 10%-%
31% 14 Gen Steel Cast pf .. 210s 22 21V* 2174- %
24% 16% Gen Telephone 1.20. 2 18 18 18 -74
23% 1374 Gen Time Inst .75e. 1 18 18 18 +2
23% 10% Gen Tire* R 60e .. 4 12% 12% 12% - %
6% 4 Gillette Saf R (.60). 3 4% 4% 4% - %
5 1 74 3 374 Gillette S R pf (5).. 2 35% 35% 35% - 74
9 4% Glmhel Bros _ 6 5% 6% 5V* — %
19% 11 Glidden Co (.30e)_ 5 12% 12% 12%-%
4% 2 Gobel (Adolf, _ 2 2% 274 2V*
3% 2 Goebel Brew (.20).. 8 2V* 2V4 2'/*
20% 10 Goodrich (BF) .. 2 12% 12% 12%-%
24% 12% Goodyear T&R ,75e. 6 15 14% 14%
IV* % Graham-Palge _ 6 % % %
9% 4% Granby Consol .60e. 8 5‘4 5 6 — %
36% 26 Grant (WT) (1.40). 5 32% 32 32% + %
25 2lVi Grant (W T)pf(l).. 1 25% 25% 25% + 74
28% 15V* Great North n pf __ 29 24% 23% 23% - V*
18% 11% Grt NorOctfs 75e_ 2 14% 14% 14%-%
29't, 18% Great Wn Sug (2).. 3 21% 21% 21%-%
35% 23 Green (HL) ((2a>„ 4 2974 28% 28% - %
17% 974 Greyhound (1) .. 9 11% 11% 11%
12 9 Greyhound pf (.55). 1 10% 10'* 10% + V*
25% 14% Grumman Aire .508 11 17% 16% 17 -%
3% 1% Guantanamo Sugar. 1 1% 174 174
4 2 Gulf Mob & Northn. I 1% 1% 1% - V*
37 30 Hack Wat pf (1.75). 10s 32 32 32
28% 16% Harb-Walker (.SOe) 4 2U4 21 21 -74
9% 5% HatCorp (A) SOe. 1 5% 5% 5%
4% 2% Haves Mtg Corp _. 7 2% 2% 27*
113% 89% Hazel-AtlasG! <5). i 9I 91 91 _2
21% 12% Hercules Mot ,50e . 3 14 13% 13% -l
100% 76% Hercules Pow 1.20e 9 81% 81 81 +1
133%. 127% Hercules P pf ,6, . 20s 127 127 127 -2
35% 19 Holland Furn (le).. 2 25% 25 25 — %
60% 35 Homesiake 14.50, 22 89T* 39% 39% — %
16V* 8% Houd-Her (B) .75e. 9 10% 107, 10%
71%. 54% Household Fin (4a) 1 56 56 56 — %
50% 28% Howe Sound (3) _ 3 29% 29 29
27 12 Hudson Bay (le)_ 1 14:, 1474 14;4
6% 3 Hudson Motor__ 5 4 3:4 3T* — %
1 74 Hupp Motor_ 5 74 !v Vs
13% 5% Illinois central .. 3 7% 77* 7% - %
43% 31 111 Cent lsd linesd) 10s 40 40 40 +%
9% 5 Indian Refining 14 6% 5% 6% + %
118 72 Ingersoll-Rand (2e> 2 87 87 87 +2
15% 7% Inspiration Copper. 3 8:» 8% 87* + %
6% 4% Insurshares (.10e). 2 6% 5% 5%
574 2% Interboro K T (r)_ 6 274 2% 2%
1274 6% Interlake Iron_ 3 8 8 8 — 74
2% 1 lntl Agricultural..j 7 1% 1% 1% + 74
191% 136 lntl Bus Mach (6a). 4 143 142 143
62'* 38 lntl Harvester 1.R0. 4 43% 43 43 — %
171 145 lntl Harvest pf (7). 1 165 165 165 +3
57* l'» lntl Hvdro-EI (A).. 6 2% 2% 2% - %
14% 6% lntl Mercantile Ma. 4 6% 6%. 6% — %
38% 19% lntl Nickel Can <21. 24 23% 23% 23%
21V* 10% lntl Paper & Power 22 13% 12% 12% - 7,
73 40% lntl Pa&P pf 2.50e. 11 49% 48% 49 - Vi
56% 37 lntl RyCA pf 3.25k. 60s 38 38 38
367. 25 lntl Shoe <1.60, ... 2 29% 29% 29% - Vi
4% 1% lntl Tel & Teleg 8 2% 27, 2%
10% 4% lnterstaie Debt Str. 2 6% 6% 6%
17 9 Jarvis dVB) ,75e_. 3 10% 10% 10% + 74
52 34% Jewel Tea (2.40, 1 43% 43% 43%+ 74
77% 44 Johns-Manvllle 75e 2 56% 56% 56% +1
75 48% Jone & Lau pf (2k)_ 3 74% 7f 74%
20 11 Kans City Sou pf_ 1 14 14 14
17% 8% Kelsey-Hayes *A)_ 5 12% 12% 12%
9% 4% Kelsev-Haves (B) 1 57* 574 5% + *4
38% 24% Kennecott Cop 1.75e 60 26 25% 25%+ 74
14% 10 Keystone Steel 50e. 3 1174 117* 1174 + %
46% 27% Kimberly-Clark la. I 34 34 34 + 74
317* 17% Kinney (GR) J5 pf. 20s 23% 23% 23%+%
26 1974 Kresge (SS) 1.20a.. 3 2 3 227* 23 + %
29% 23% Kress <S H)(l 60).. 1 24% 24% 24% - %
34', 23% KrogerGroo (2) ... 19 30 29% 29%-%
16% 12 Lambert Co 1.125e.. 1 14% 14% 14%
1'* % Leh Valley Coal .. 2 1% 1 1% + %
4% 2 Leh Valley Coal pf. 1 3% 3% 3% + %
lawi Lenman corp .»(>*.. 4 iy « iy<» iya + y*
29 184 Lerner Stores (21 . 1 23% 23% 23'%
53% 30 Libbey-Otv-F 1.50e. 10 39% 37% 39 +1%
9% 5 Llbbv McN & Lib .. 20 6% 6% 6% + %
109 87 LIgg & Myers (4a). 2 96 95% 96
109% 87 Line ft MyerslB >4a 5 99% 98% 98% — %
41 27 Link-Belt (1) 1 34 34 34 + *,
14% 9 Lion uti Ref (1) 2 9% 9% 9% - %
18% 10% Liquid Carbonic (1) 1 13% 13% 13%-%
41% 224 Lockheed Alrc_ 15 26% 25% 25% — %
37% 20% Loews Inc (2)_ 3 24 23% 23% - V*
394 15% Loft Inc _ 271 25% 23 23% -1
46% 29 Lone Star Cmt <S).. 2 32% 32% 32% + 4
44 2 Long Bell (Al _ 2 2% 2% 2%
162 138% Lorlllard pf (7)_ 20* 152 151 151 -3
28% 17 Mack Trucks (.50c) 5 20% 20% 204 + 4
17% 14% Man Ry mod gtd(r) 1 17% 17% 17%+ %
6% 3% Marine Mldl'd ,30e.. 5 4 3% 3% - %
15% 8% Marshall Field .40.. 2 11% 11 11 -4
47% 26% Martin (Glen tie).. 19 29% 28% 28%-%
14% 6% Martin-Parry .. 10 9% 8% 8% — 4
49% 21% Masonite Corp (la). 1 25% 25% 25% — 4
32% 21 Mathleson Aik 1.50. 4 24% 244 244 - 4
58% 36% May Dept Strs (S)_. 1 46 46 46 - %
30% 20 Maytag Co pf (3)_ 1 224 224 224
105 96% Maytag 1st pf (6).. 40s 99% 99% 99%
17% 10 McCrory Stores (1) 4 13% 13% 13%
29 17% McGraw Elec (1 > 1 21% 21% 21%+ %
94 5 McGraw-Hill ( 30e) 1 7 7 7 +1%
47% 26 McIntyre Pore (2a). 1 28 28 28 + 4
12% 54 McKeesport Tin ... 2 7% 7% 7%
8% 4 McKesson & Rob_ 8 4% 4% 4%
32% 17% McKesson* R pf.. 1 22% 22% 22%+%
14% 7% Mead Corp 1 8% 8% 8%
34% 24% Melville Shoe (2)_ 8 29% 29 29 + %
26 114 MengelCo5% pf... 20s 154 154 154 — %
28% 11% Merch & Mtn Trans 1 12% 12% 12% + %
32% 24 Mesta Mach (1.50e) 2 28 27% 28 + %
17% 11% Mid Cont Pet (,40e) 4 13% 12% 12% - 4
40% 23% Midland Stl P(le)._ 1 304 304 304 -4
122 103 Mid Stl 1st pf (8) 30s 115 115 115 +%
64 334 Mlnn-Hon Ros (2a) 1 36% 36% 36%
110 95 Mlnn-Hon pf B (4). 80s 103 103 103
11 7% Mission Corp l.65g) 1 8% 8% 8% - %
1% % Mo-Kan-Texas_ 1 % % H
119 86% Monsanto Cb (2) ... 5 91 90% 90%-%
121% 113% Monsanto pf B 4.50. 10s 121% 121% 121%
56 31% Montg Ward 2.25s .. 7 404 40 40
30% 21% Morris & Es (3.875) 80s 24% 24% 24%
16 8% Motor Products.50e 3 10% 10% 10% — *4
18% 12 Motor Wheel (1 60) 7 15% 15 15%+%
26% 15 Mueller Brass ,50e. 4 18% 184 .184 -%
39 20 Mullins Mfg pf ... 90s 254 25 254 +14
15% 84 Munslngwear .25*.. 1 124 124 124 + 4
84 4 Murray Corp__ 4 5% 6% 5%
7% 3% Nash-Kelvlnator.„ 6 44 44 44 + %
21% 13% Natl Acme (,25e)__. 19 18% 18% 18%+%
7 5% Natl Auto Fib ,55e . 6 6% 6% 6%
8% 7% Natl Auto Fib pf .60 2 84 8% 84
164 9 Natl Aviation 25e . 6 10% 10 10
24% 16% Natl Biscuit (1.60). 10 19% 194 194 -4
19 16 Natl Bond & Inv(l) 2 13 13 13 -4%
18% 11% Natl Dairy I 80) . 10 14 13% 13%
114 107 Natl Dairy pf B(7). 10s 112 112 112
6% 3 Natl Dept Stores... 2 4% 4% 4% - %
26% 17 Natl^Distillers (*).. 9 21 204 20% - V*
12V* 5Vi Natl Gypsum . - 8 6% 6% 6% — %
96 66 Natl Gyps’m pf 4.50 1 73 73 73 +3
22% 14% Natl Lead (.60) 7 16% 164 16%
148% 132 Natl Load pf (B)(6) 120s 139% 138% 139% +lVi
8% 5% Natl Pwr & Lt 60__ 2 7% 7% 7% - 4
73% 48 Natl Steel (,50e)_ 2 58% 684 584 -4
9% 4% Natl Supply 2 6 6 6 —4
14% 8 Natl Supply $2 pf— 5 9% 9% 9%
8% 3% Natl Tea Co _ 3 5% 5% 5% - %
10% 9% Nehl Corp (.50)_ 1 104 104 104 + 4
14V* 6% Newport Indus ... 1 7 7 7
60 304 N Y Air Brak 1.60e. 3 40% 40 40% + %
18% 9V* N Y Central ... 46 12% 11% 11% - 4
39 15 N Y Chi * St L Df .. 8 25 24 24 - %
66 45 N I Lack* Wn (5). 90s 52 51% 51% - V*
% % N Y N H & H (r) — 12 ft ft ft-*
2 % N Y N H * H pf (r). 9 % % %
26% 134 N Y Shtpbllding .. 10 21% 21 21 - %
2264175 Norfolk & Wn (10) 1 200 200 200 +2
26% 15 Nor Am Avlat’n.BOe 11 16% 16 16 - %
23% 14% Nor Am Co (1.20) 23 20% 20% 20%
58 474 No Am 6%% pf 2.875 4 55 54% 55 + %
59 47% No Am Co 6% pf (3) 1 57 57 57 -1
94 4% Northern Pacific . 15 6% 6% 6% - %
113 101 NoFn Sta Pw pf(5). 1113 113 113 +%
164 14 Norwich Pharm (1). 2 144 144 144 -.%
8% 5% Ohio OH (,20e). 10 6% 6% 6% - 4
234 104 Oliver Farm Equip. 3 144 14 14+4
18% 11% Otis Elevator .35*.. 4 12% 12% 12%+%
12% 7 Otis Steel _ 3 8% 8% 8% - %
64% 42 Owens-Ill G1 (Is).. 3 504 50 504 + %
10% 4% Pac Am Fisneries.. 2 5% 5% 6% — %
23% 8 Pao Coast 1st pf_ 30s 9% 9% 9% + %
34% 25% Pac Gas* El (2).— 7 29% 28% 29+4
139 115 Pac Tel & Tsleg (T) 50*118 118 118
74 2% Pac Tin Consol .40e. 3 4 3% 4 + %
84 6% Pao Western 0.40*. 1 5% 5% 5% + 4
4% 24 Packard Motor .. 33 3% 3% 3%
254 12 Pan-Am Airways .. 6 14 14 14
8% 44 Paramount Pic .15*. 14 5 6 5
444 324 Parke Davla (1.20e) 5 33% 334 33%+%
1
Prev. 1940 Stock and Salta-. Nat.
Ht*h Low Dividend Rate Add 00. Hlah. Low Cloae. ch«*
22% 13% Parker Ruat (la).. 1 18% 18% 18% + %
12% 5% Pathe Film _ 2 8 7% 7% - %
10% 5% Patino Mine*_ 1 6% 6% 6%-%
62% 45 Penlckft Ford (*).. 2 49% 49% 49% - %
86% 71 Penney (JC) l.SOe.. 5 79% 79% 79% + %
24% 15 Penn Railroad .60*. 24 20% 19% 20
29% 11% Pere Marquette of.. 50s 19% 19% 19%—%
8% 6% Petrol Corp (.85e).. 1 6% 6% 6%
40% 25% Phelps Dodge .75e .. 21 27% 26% 26%+%
47 37% Phils Co *% pf «*)_. 1 48% 4.3% 43%
85 70 Phlla Co pf (6)_ 1 82 82 82 +2
% % Ph||a ft R CA I (r)_ 2 % % % - -ft
97% 68 Philip Morris (Sal.. 2 78% 78% 78%+%
41% 27% Phillips Petrol <*)_ 7 82% 31% 32
10% 7% Pierce Oil pf 1 9% 9% 9% + %
7 3% Pitte Cool - 1 4% 4% 4% + %
9% 5V« Pttte Coke A Iron... 4 7% 7 7
8% 4% Pitts Screw (,30e)_. 9 6% 6 6
34% 16% Pitts Steel pf <B)_10s 20% 20% 20%
37 19 Pitts Steel pr pf_ 40a 32 32 32 +3
16% 7 Pitta A W Va_100a 11 10% 10%
12% 5% Poor & Co (B) _ 2 8 8 8
2% % Port R Am To A(r). 2 % % % - %
8 6% Postal Teleg pf_ 2 6% 6% 6% - %
14% 6% Pressed Steel Car__ 8 10 9% 9% 1
71% 53 Proctor A Gam (2s) 1 63% 63% 63%+ %
43% 30% PubSvo (NJ) 1.20*. 1 37% 37% 37%+%
115% 100 Pub SvcfNJ )pf(6). 2 108% 108y* 108% + %
165 143 PubSve(NJ)pf<») 40s 155% 154 155%+1%
118 115 Pub SvcE&G pf (5) 1 116% 116% 116%
32% 16% Pullman t.BOe)_ 18 19% 19% 19% - %
11% 7 Pure Oil ..... 8 7% 7% 7%
89 73% Pur* Oil pf (E)_ 1 76% 76% 76%+%
7% 4% Radio Corp t.20e) _. 47 5% 4% 5
69 48% Radio C cv pf( 3.50). 2 66% 56% 56%
3 2% Radlo-Kelth-O new 2 3 3 3
23 15% Raybest-Man ,50e.. 1 17% 17% 17%+%
29% 13% Rayonter Inc _ 1 16 16 16
17% 9% Readme Co 41) .. 1 12 12 12 + %
55 34% Real Silk H pf (2k) 10s 31 31 31 -4
13 6 Refs* Co 1st pf .. 40s 6% 6% 6% + %
10% 6 Remlng Rand 60#.. 15 7% 7 7 — %
2 1 Reo Motor ctfs_ 1 1% 1% 1% + %
23% 14 Renuhltr Steel 58 17% 16% 17 — %
95 70% Rep Steel cv pf(9k) 680s 90 87% 89%+2%
14% 7% Revere Copper 1 9 9 9 + %
61% 39 Revere Cop 6%% pf. 20s 42 42 42 -4
15% 8% Reynold# Metals... 1 9 9 9 — %
11% 6% Remolds Spring ._ 8 8% 8% 8% — %
44 32 Reyn Tob B) l.SOe.. 8 36% 36% 36%
8% 5% Richfield Oil ( BOg). 12 8% 8 8
53 34 Safeway Strs 2 25e. 1 42% 42% 42%
111% 96 Safewav S of IB) 90s 104% 104 104 - %
42 26 St Joseph Lead (la) 1 29% 29% 29% — %
% % St L-San Fr pf tr) .. 1 % % % + ft
31 (4 17 Savage Arma (60e) 1 21% 21% 21%+ %
14% 7% Schenlev Distillers. 1 9% 9% 9%
% % Seaboard Air L tr). 1 ft ft ft - ft
1% % Seaboard A L of Ir) 1 ft ft ft + ft
88 61% Sears Roebuck <*)_ 9 73% 73 73% + %
16% 8% Serve) Ino ID _ 2 9% 9% 9%
S% 3 Sharp* Dohme __ 2 3% 3% 3%
56 42% Sharp & D pf (3.50). 1 43% 43% 43% + %
7% 4% Shattuck (FGM.40) 1 5 5 5 — %
108% 95% Shell Un O pf 15 60) 1 101% 101% 101% + %
6% 3% Silver King <.20e).. 1 4% 4% 4% + %
24 12% Simmons Co (.50e)_ 4 15% 15% 15% — %
23% 12% Skelly Oil (.75e).__ 4 15% 15% 15%
12% 7% Socony-Vac 2Be 60 8% 8% 8% — %
30% 23% Southn Cal Ed 1 SOa 4 27% 27% 27% - %
15% 6% Southern Pacific ... 11 9 8% 8% — %
20% 8 Southern Railway.. 9 11% 11% 11% — %
34% 13% Southern Rwy pf .. 13 19% 18% 18% — %
39 31% Southn Ry M&0(4). 1 31 31 31 -Vi
47 33 Sperry Corp i2g)._. 6 38% 37% 37% — %
38% 19 Spicer Mfg del_ 6 27 26 26 + %
67% 45% Spicer Mfg of A (3) 20s 55 55 55 -1%
11% 4% Spiegel, Inc (,45e)_. 6 6% 6% 6%
66% 46 Spiegel Inc pf 4.60.. 10s 52% 52% 52%+ %
40% 26% Square DCo (.80e)_ 5 31% 31% 31%-%
7% 5 Stand Brands (40). 6 6% 6% 6%
2% 1 Stand Gas * Elec... 1 1% 1% 1% — %
7% 2% Stand G&E 24 pf_ 6 4% 4% 4% — %
18% 9% Stand G&E 36 pr pf. 2 15 15 15
22% 12% Stand G&E 17 pr pf. 8 18% 17% 17% — %
26% 17% Stand Oil of Cal (1) 14 18% 18% 18%-%
29 20% Stand Oil lnd 11»_ 10 25% 24% 25%-%
46% 29% Stand Oil N J da).. 26 35% 34% 34%-%
80% 56 Sterl g Prod 3 Ida . 2 69 69 69
8% 4% Stewart-Warn .25*. 1 5% 5% 5% + %
12s* 5 Stone & Webster_ 11 8% 8% 8% — %
12s* 5% Studebaker_ 20 6% 6% 6% — %
65% 47 Sun Oil lla)_ 1 49% 49% 49%+ %
10% 7% Sunshine Min 1 «0_ 2 7% 7% 7’t
27% 12% Superheater t.50)_ 2 15 14% 14%
2% 1% Superior Oil 4 1% 1% 1%
24% 17% Swift & Co (1.20)_ 4 19% 19% 19%+%
32% 17 Swift Inti (2) 2 17% 17% 17% - %
6 4% Talcott (J) ,30e_ 1 4% 4% 4% + %
5% 3 Telautograph .15e_. 1 3% 3% 3% — %
7 4% Tennessee Corp_ 1 5% 5% 5%
47% 33 Texas Corp 12).. .. 19 39% 38% 39%
4% 2% Tex Gulf Prod(.lOe) 2 2% 2% 2%
35% 26% Tex Gulf Sul (2a) 4 31% 30% 31%
Prev. 1040 Stock and Sales— Mat.
Blah Low Dividend Rata Add 00. Blab Low. Clou, chae
8% 5% Tex Pao CAD (.40). 1 6 6 6
6H 3% Tex Pae Ld Tr l(»g. 14 4 4
34 20 Thermold pf 1.76k.. 20* 23% 23% 23% - 14
7% 2% Third Avanue _ 6 5% 5% 5%
5*4 4 Thompson (J JR)... 1 4% 4% 4'4
38% 25% Thomp Prod(.76e). 11 33% 33% 33%
12 8% Tide Wat Ae 0.40e_ 2 9% 9% 9% - %
27% 18 Timk-Det Ax 1.25e 4 24 23% 23% + %
62 35% Timken R Brg 1.25e 1 43% 43% 43%
7 4% Transamerlca (.60) 3 4% 4% 4%
21% 10% Tranacont< A W Air 7 18 17% 17%
2% 1% Tri-Continental__ 1 1% 1% 1% — %
13% 6% Twin Coach _ 3 7% 7% 7% — %
45 21% Underw-EI-Ffle).. 5 26% 26 26%-%
18% 9% TJn Bag & Pap(.30e) 4 11% 11 11 -%
88% 59% Union Carbide 1.70e 11 69% 68% 69% +1%
17% 12 Union Oil(Cal) ,75e. 1 12% 12% 12% - V*
98 71 Union Parlilo («) 3 82% 82% 82%
29% 22% Un Tank Car (1.S0). 1 25% 25% 25% + %
63% 31% Unit Aircraft 1.50e. 22 35% .34% 34% -1%
23% 12 Unit Air Unee . 4 17% 17 17% + %
65% 42% United Carbon (3).. 5 49% 49 49
2% 1% United Corp 22 2% 2 2% + %
42 26% United Corp pf (l)_ 7 35% 35 35%+%
7% 3% United Drug 4 4% 4 4 — %
6 2% United Dyewood.... 2 3% 3% 3% + %
85% 60 United Fruit (4)_ 9 64% 63% 64% +1%
15 10% United Gas Imp (1). 5 12% 12 12 — %
117% 107% Unit Oas Imp pf (6) 2 113% 113% 113%
13% 6 Unit Mer A Mfg .60e 4 9 8% 8% — %
10% 5 US Distributing pf. 150* 6% 6 6% + %
89 50 U BOypium (2)_ 7 60 58% 60 +1%
6% 2% U S Hoffman . 1 3% 3% 3% - %
32% 26 US Hoffman pf 2.76 1 25% 25% 25% - %
28 14 U S Indus Alcohol 1 18% 18% 18%+%
38% 21% US Pipe A Fdry (2) 4 25% 25 25% + %
41% 15 US Rubber _ 13 20 19% 19% - %
68% 42 US Steel (le)_ 86 53% 51 61% -1%
124% 103% U S Steel of (7)_ 2 117% 117% 117%
2% 1% Unit Stockyards_ 1 1% 1% 1% + %
2% 1 Unit Store* iA> _ 1 1% IV, 1% - %
17 12% Univ-Cyclops .40e._ l 14% 14% 14% — %
112 59 Unlv Plctur 1st pf.. 10* 80 80 80 45
% % Vadsco Sales 1 % % %
43% 25 Vanadium _ 8 31% ,30% 30% — %
39% 22% Van Raalte (le)__ 3 26% 26 26%+ %
49% 35% Vick Chemical (2a). 1 .39 39 39 + %
31% 19 VictorChem f.60e). 1 24% 24% 24% +1%
4% 1% Va-CaroChem 1 2% 2% 2%
31% 14 Va-Caro Cham pf... 1 17% 17% 17%
15% 5 Va Iron CoalAC pf.. 10* 8% 8% 8%+2
35 28% Virginian R Df 1.60. 2 32 32 32 — %
23% 16% Walgreen (1.60) .. 2 20 19% 19% - %
101 89 Walgreen pf (4.50). 1 93% 93% 93% — .%
35% 18% Walker (H> (4) __ 8 23% 23% 23% + %
16% 10 Walker (H) pf (1)_ 2 12 12 12
6% 3 Walworth Co __ 7 .3% 3% .3% — yj,
25% 14 Ward Baking pf ._ 6 15V, 15 15
4% 2 Warner Bros Piet_ 5 2% 2% 2%
2 % Warren Bros (r)_ 3 1% 1% ]y, _ yj,
9 3% Warren Brcvpf(r) 1 7% 7% 7%
20% 13% Waukesha Mot(la) 1 15% 15% 15% — yy
110% 91 West PennEiA)(7) 20* 99 99 99 — yj
108 90 West Penn E pf (61 110* 102 101% 101% +2
115 96% West Penn E pf (7 ) 60* 107 106 107 ’ - %
40% 21 West'n Auto S (2).. 6 28% 27% 28% + %
28% 14% West'n Union Tel.. 3 18 17% 17*, _ »„
28% 15V, Westh'se A B 50e . 12 21 20% 20% + %
118 76 Westhae Elec 1.75e 31 93 93% 93% -1%
37% 26 Weston El Inst (2)- 1 31 31 31
39V, 28% Westvaco pt < 1 50). 3 34% 34 34% 41
98 85 Wheel&D E pf 5.60. 120* 97% 97 97% + %
35% 18% Wheeling Steel .. 2 22 21% 21% — %
11% 8 White Dental (.60). 1 8% 8% 8% + %
13% 7% White Motor_ 1 9', 9% 91/, + %
11% 4% White Rock .. _ 4 8% 8% 8% - %
7% 3% White Sewing Men. 1 5% 5% 5%
3% 1% Wilcox Oil A G 10a. 1 2 2 2 + %
3% 1% Willys-Overland_ 5 2% 2% 2% — %
6% 3 WUlya-Overl'd pf_ 1 4% 4% 4% + %
7% 3% Wilson A Co _ 4 4% 4% 4%
27% 15% Woodward Iron_ 1 25% 25% 25%
42% 30 Woolworth 12.40).. 9 33% 32% 33% + %
24% 13% Worthington Pump. 2 17% 17% 17% -
129 91 Wright Aero (2g)-_ 10* 93% 93% 93% +2%
19% 9% Yellow Truck „ 7 12% 12% 12% — %
124 98 Yellow Tr'k pf (7). 10* 111 111 111
14 6% Young Spg A Wire 2 8% 8% 8% + %
48% 261, Ygstwn Sh & T .5Ue 12 34% 32% 32% -1
17% 8% Zenith Radio (le) . 1 11 11 11 — %
Approximate Sales at Stocks on the N Y Stock Exchange
11:00 A.M- 140,000 12:00 Noon _ 210.000
1:00 P.M. 270.000 2:00 P.M -_ 31o!o00
Total Sales for the day, 380.000
Unit of trading. 10 shares.
r In bankruptcy or receivership or being reorganized under
Bankruptcy Act or securities assumed by such companies.
Rales of dividend in the foregoing table are the annual dis
bursements based on the last quarterly or semi-annual declara
tion. Unless otherwise noted special or extra dividends are not
included.
x Ex dividend. xrExriahts. a Also extra or extras d Ac
cumulated dividends paid last year e Declared or paid so far
this year f Payable in stock, e Paid last year, h Cash or stock
k Accumulgied dividends paid or declared this year
Utilities Firm Picks
General Counsel to
Succeed Willkie
Whiting Associated
With Commonwealth
& Southern Since 1912
, By the Associated Press.
! NEW YORK, July 17.—Justin R.
Whiting was elected president and
a member of the board of Common
wealth & Southern Corp. at a
meeting in Wilmington today, the
company announced. He succeeded
Wendell L. Willkie, who resigned to
pursue his campaign as Republican
nominee for the presidency of the
United States.
Mr. Whiting, born in Michigan
and prominent in Michigan legal
circles, has been general counsel for
C. & S. He has been associated with
the company, or its predecessors,
since 1912.
Mr. Whiting was a Democratic
presidential elector from Michigan
in 1932.
His association with utilities be
gan almost immediately after grad
uation from the University of Mich
igan in 1907 with the degree of
LL. B. He began practicing law that
year at Port Huron, but in 1908 he
removed to Jackson, Mich., and as
sociated with Sanford W. Ladd in
representing the street railways of
Southern and Western Michigan.
He resided in Detroit from 1917
to 1921, when he became general
counsel for the Michigan Electric
Railways and returned to Jackson.
In 1933 he became a member of
the New York firm of Weadock &
Whiting, counsel for the Common
wealth & Southern.
Whiting: “He’s Done Pretty Well.”
WILMINGTON, Del., July 17 (/P).
—Justin R. Whiting, elected presi
dent and a member of the board of
Commonwealth & Southern Corp.
here today to succeed Wendell L.
Willkie, told newsmen when asked
what he thought of Willkie’s presi
dential prospects:
“Mr. Willkie always has done
pretty well, and I guess he’ll con
tinue to do so.”
Willkie Lauds Whiling.
COLORADO SPRINGS, Colo.,
July 17 OP).—Wendell L. Willkie said
today that the Commonwealth and
Southern Co., which he formerly
headed, would be “in excellent and
expert hands” undjr its new pres
ident, Justin R. Whiting.
Bethlehem Steel Sells
$20,000,000 in Notes
By the Associated Press.
NEW YORK, July 17.—Bethlehem
Steel Corp. has sold to 12 banks in
New York and other cities $20,000,
000 of 3 to 10 year serial notes carry
ing interest rates of 1 Vi to 2li per
cent.
Proceeds, it was understood, will
be used to retire part of the com
pany’s currently outstanding zy2
per cent debentures.
Customs Receipts Compared
Customs receipts in the first 13
days of July totaled $13,267,020,
compared with $11,344,967 in the
similar period last year.
Variety Stores' Sales
Keep Up Well in June
By the Associated Press.
The Commerce Department says
sales of variety stores declined less
than seasonally expected during
June.
Although actual sales were slight
ly smaller than in May, the de
partment’s index of these sales, on
a seasonally adjusted basis, rose
from 100.5 to 103.5 per cent of the
1929-1931 level. Compared with a
year ago. June sales were 2'4 per
cent higher.
Washington Exchange
SALES—AFTER CALL.
Washington Railway & Electric 4s—
$2,000 at 108.
Georgetown Gas 5s—$500 at 116.
Potomac Elec Power 6% pfd.—2 at
113.
Capital Transit Co —50 at 12*4.
BONDS
PUBLIC UTILITY.
Bid Asked
Anacostla Sc Pot 5s 1949 _ ino'4 10214
Ana & Pot guar 5s 1949 __ 107
CaD Traction 1st 5s 1947. _ loi'a 102
City Sc Suburban 5s 1948 1001« 102
Georgetown Gas 1st 5s 1961 115
Pot Elec Pow 314s I960 106 _
Washington Gas 5s 1960 . 124 _
Wash Rwy Sc Elec 4s 1951 106 _
MISCELLANEOUS
Col Country C 1st 4V«s 1957 lo;t _
Ter RI A W CD IsKVaS 1948 100 _
STOCKS
PUBLIC UTILITY.
Amer Tel Sc Tel (9i _ 160*, __ _
Capital Transit (t.25)_ 12 1314
N Sc W Steamboat 14)_ 55 70
Pot El Power pfd (6) 1 lit 115
Pot El fwr 5'4'V pfd (5.50) 11.1
Wash Gas Lt com (1.50).. *23 26
Wash Gas Lt pfd (4.50) . 104 105
Wash Ry Sc El com ig36) . 750 _
Wash Ry & El Pfd (5) 110 _
BANK AND TRUST COMPANY.
Amer Sec & Tr Co (est __ 225 250
Bank of Bethesda (t75)._ 30 38
Capital (v4) _155 _
Com Sc Savings (ylO.00)_300
Liberty (6) ..._ 168 180
Lincoln (y5) ... 200
Natl Sav Sc TT (4 00) 195 220
Pr Georges Bk Sc Tr (t.60) 19 25
Riggs (c8) 240 270
Riggs pfd (5) .*100 _
Washington (6) 120
Wash Loan Sc Tr (e8)_ 225 _
FIRE INSURANCE
American (t6> _ 110 _
Firemen’s (1.40) _ 2614 _
National Union (.75)_14 _
TITLE INSURANCE
Columbia (k30>_ 14 IS
Real Estate^ lm6)_ 160 _
MISCELLANEOUS
Carpel Corp (2.00)_ 24 29
Garflnckel com (.70) 8*4 10
Garflnckel 6’r cu cv pf (1.50) 24
Lanston Monotype (2.00).. 26 30
Lincoln Serv com (H.00>__ 18 22
Line Sve 7% Dr Df (3 60)— 4614 53
Mergenthaler Lino (p.50) 15 16
Natl Mtge A Inv pfw (d.20> 3*4 4>/«
Peop Drug com new (tl.OO) 1714
Real Est M * O pfd (.50). 514 614
Security Storage (6) ’83 _
Ter Ret A Wh Corp (3) 63 60
Wdwd A Loth com (s2.00) 40 52
Wdwd Sc Lothrop Did (7) . 112
•Ex dividend
tPlus extras d 20c Paid June 15. 1940.
e 2% extra g $14 00 extra paid December
23. 1939. k 20c extra m $1.50 extra.
P 50c Paid September 20. 1038. s $2.00
Paid in 1939 t25c paid July 1. 1940
v $1.00 extra paid January, 1940. y $5.00
extra.
•
New York Produce
NEW YORK. July 17 I/Pi-—Butter, 662.
052. firmer. Tubs, creamery, higher than
extra, 27-27*4; extra (92 score), 2614-14:
firsts (88-91), tubs and cartons, -25-2614;
seconds (84-87). 23-24*4.
Cheese. 289.762, auiet but Arm. Prices
unchanged.
Eggs. 30.951; weak. Mixed colors;
Fancy to extra fancy. 10-23; extras, 1814;
storage packed firsts. 1714; graded firsts,
16*4-17; current receipts, 16; mediums.
15*4: dirties, No. 1, 1514; average checks.
14-1414.
Whites; (resale of premium marks. 2514
28): nearby and Midwestern premium
marks. 2214-25; specials. 22; standards.
1814-*4; (resales of exchange to fancy
heavier mediums. 2214-26); mediums. 22
Browns; Nearby fancy to extra fancy,
22-27. Nearby and Midwestern specials,
2114: standards. 18: mediums, 2114.
Duck eggs: 18-20.
1
London Order Ends
New York Free
Market on Pound
No Sterling Will Be
Credited Except From
Other U. S. Accounts
By the Associated Press.
LONDON. July 17.—The free mar
ket price for the British pound in
New York will virtually vanish as
a result of a British order in coun
cil issued today under defense regu
lations.
Effective tomorrow, quotations
there will be brought to the official
London level. The Bank of Eng
land buys sterling at $4.02‘2, sells
at $4.0312. The free rate in New
York is currently around $3.76.
In effect, free sterling will no
longer be convertible into dollars,
since no free sterling will be cred
ited to American accounts except
from other American accounts.
Exact status of free sterling under
the ruling, however, which was made
available to the New York market
over the week end, was not entirely
clear. At the moment New York
banks are cabling here for clarifica
tion.
When the market in the United
States is celared of present holdings
of free sterling, all business rela
tions between the United States and
Britain are expected to be conducted
at the official rate.
The order amending defense reg
ulations said the steps were “taken
in pursuance of existing policy of
restricting use of free sterling as an
international medium of exchange.
“In particular, arrangements * * •
have been made with th- co-oper
ation of American banks for a sys
tem of ‘registered accounts’ through
which payments* in sterling can be
made from residents in the sterl
ing area to residents in the United
States for transfer at the official
rate and vice versa.
“Sterling from these accounts will
be available to pay for exports from
the United Kingdom to the United
States. Similar arrangements have
been made with Switzerland.”
Owing to the close co-operation
between the British and Canadian
equalization funds, the new regula
tions will not have a direct official
effect on Canada. Such Canadian
trade as is worked through UUted
States middlemen may be concerned
to some extent.
Libby, McNeill & Libby
Declares 50c Dividend
By the Associated Press.
CHICAGO, July 17.—Libby, Mc
Neil & Libby, canner and packer
of foodstuffs, declared a dividend
of 50 cents a share on common
stock payable August 15 to share
holders of record July 31.
The dividend, voted yesterday by
the directors, will amount to >1,
813,992 on 3,627,985 shares outstand
ing and is the first dividend action
on common stock since October,
1937.
Earnings for the fiscal year ended
March 2, 1940, amounted to >3,787,
237, or $1.04 a share. Unsettled
conditions at that time made it
$eem desirable to postpone the
declaration of a dividend, the an>
nouncement said.
Stock Market Back
In Doldrums Alter
Early Rise Fizzles
Traders Hurry to
Lighten Load When
Rally Hits Snag
Stock Averages
30 IB IS 80
. , Indust. JUI1*. Util. 8tlts.
Net change unc. —.1 -f.i unc.
Today, close 57.9 15.6 35.6 41.7
Prev. day.. 57.9 15.7 35.5 41.7
Month ago. 58.5 15.1 33.8 41.3
Year ago... 70.3 19.4 38.9 49.6
1940 high.. 74.2 20.5 40.6 522
1940 low... 52.3 13.0 30.9 37.0
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:
1937-38. 1932-38. 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, July 17.—The stock
market dropped back into the dol
drums today after an early attempt
to resume an advance fizzled.
When the rally maneuver struck
a snag, traders who had bought on
the upturn in the previous session
hurried to lighten holdings. Gains
of many issues changed into net de
clines of fractions to more than a
point, but some held part of the ad
vantage to the finish.
Unable to get out of its rut, the
market returned to a quiet drift,
with dealings slackening as the rally
played out. Transactions approxi
mated 375 000 shares.
Down most of the session were
United States Steel, Bethlehem,
| Westinghouse, Du Pont, Chrysler,
Douglas. Standard Oil of New Jer
sey, Loft, Western Union, American
Can and Santa Fe.
J. I. Case spurted 2>- on a single
transaction. Also higher most of
the time were Allied Chemical, Con
solidated Edison. Caterpillar, Union
Carbide and United States Rubber.
In the curb small gains were reg
istered in Aluminum of America,
Lake Shore Mines and New Jersey
Zinc, offset by minor losses in Fair
child Engine, Humble OA and Bath
Iron Works.
A rise in bonds tapered into a
narrow sidewise market. Commodi
ties mostly sagged. Chicago wheat
! ended 34 to l'g cents a bushel down.
Corn was off \ to up >4. Cotton
futures in late trading were 5 to 20
cents a bale lower.
Airplane Firm
Offers Stock
By the Associated Press.
NEW YORi;, July 17.—An issue
i of 30,000 shares of 50-cent cumula
j tive convertible preferred stock,
series "A,” of Taylorcraft Aviation
I Corp. of Alliance, Ohio, was offered
to the public today at $10 a share.
| Proceeds will be divided between
payment of a mortgage, erection of
additional facilities and develop
ment expense.
The company manufactures small
airplanes.
Investing Companies
NEW YORK. July 17 iAV—National As
sociation Securities Dealers. Inc.:
Admin Fd 2nd Inc _. £fj£,d
1 818 8:81.
Affiliated F Inc_ ” 34 •> g*
'Amerex Hold _I 13 1 ”5 146-5
Am Bus Shrs _ I ’ 71° o «5S
Am For Inv _ . g sg 7i.
Am Oen Eq Inc “ "4 b‘s
Am Ins Stocks_ 3 ll(l 3
Assoc Stand Oil 3 875 4 V-*
•Bankers Nat Inv Coro AI 5>jA S.25
Basic Industry ___ 3 10
•Blair A Co _ * 1375 ”
Boston Fund Inc_ 13 04 14 ii*>
1 British Type Inv_ 12 "7
Broad Si Inv_ 1003 ”1 •>•>
Bullock Fund _ 11 °5 7•'•'•5
Can Inv Fund_ •> 30 3 Jo
•Central Nat Corp “A” ... 20.00 23.00
•Central Nat Corp ••B”_ 1.00 •> 00
Century Shrs Tr_22.61 24 31
Chemical Fund _ 9.09 ~9 84
Comwlth Invest _____ 3 o** 3 °s
•Continental Sh pf__ s.no 9 oo
Corporate Trust _ 2 04
Corporate Trust A A__ 2 01
Corp Tr Accum _ 2 01
: Corp Tr A A mod_ 2 .37
CorD Tr Acc Mod_ o 37 -
•Crum A Forster -- 25.50 27.75“
•Crum A Forst S', pf_.116 00
•Crum A Forst Ins B - 28.00 30.00“
•Crum A Forst Ins 7 pf...110.50 115.00
Cumulative Tr Sh 414
Depos Bk Sh N Y "A’'__ “ 1 .37
Depos Ins Shrs "A"_ 2 58 ~
Diversified Tr C_ 3 in
Diversified Tr D _ 5.no 5 65“
Dividend Shrs . ._ . .98 1 07
Eaton A How Fund ‘'A-l”. 16.02 17”i
Equity Corp S3 pf _ _ 20.50 21 (Ml
Fidelity Fund Inc _ 15.30 16 46
•First Boston Corp_ 15 25 16 75
First Mutual Tr Fd_ 5 42 6 ni
Fiscal Fund Bk Sh_ 2 22 0 46
Fiscal Fund Ins _ 2 92 ii ”4
Fixed Trust Sh A_ 8 12
Found Tr Sh A _ 3 So 4 no“
Fund Investors Inc__ 14.32 15 57
Fund Tr Shrs A_ 4 “1 4 9s
Fund Tr Shrs B_II 3.83
Gen Capital Corp_ 24 71 ”6 57*
Gen Investors Tr _ 4,37 4'73
Group Sec Agricultural_ 4 27 4 66
Group Sec Automobile _ 3.5.3 .3 85
Group Sec Aviation_ 7.31 7 95
Group Sec Building_ 4 49 4 90
Group Sec Chemical_ 5.79 h'.30
Group Sec Foods _ .3 78 412
Group Sec Invest Shrs . 2.48 2 71
Group Sec Merchandising. 4.51 4*2
Group Sec Mining _ 4 34 4 73
Group Sec Petroleum_ 3 57 3'on
Group Sec R R Equip_ 3.13 342
Group Sec Steel _ 4 57 5 09
Group Sec Tobacco_ 4.53 494
Incorp Investors _ 12 75 13 71
Independence Tr Sh _ I.91 “'14
Inst! Sec: Bank Group_ 97 J o7
Instl Sec: Insurance_ 1 15 i'»«
Investment Co Am _15.27 1651
Investors Fd *C- Inc_ 8.53 9 10
Keystone Custodn B 1 25 96 ”8 42
Keystone Custodn B 2_ 20 00 21 94
Keystone Custodn B .3_1.3.31 14 60
Keystone Custodn B 4_ 6.35 6 99
Keystone Custodn K 1-1.3.57 14*8
Keystone Custodn K 2_ 7.87 8 73
Keystone Custodn S 2_10.98 1211
Keystone Custodn 8 3_ 7 50 8.33
Keystone Custodn S 4_ .3 00 3 39
Manhat Bond Fund_ 6 43 Vlo
Maryland Fund _ 3 05 4 16
Mass Invest Tr-17.11 18*0
Mutual Invest _ 8.78 9 60
Nation Wide Sec_ 3T6
Nation Wide Voting_ 1.00 1.14“
Natl Investors _ 5.14 6 53
New’ England Fund 10.10 10*9
N Y Stocks, Automobile.. 4.06 4 41
N Y Stocks, Aviation_ 9.65 1043
N Y Stocks. Bk Stocks ... 7.84 8 48
N Y Stocks. Bldg Supply.. 4.46 4*4
N Y Stocks. Chemical._ 7.76 8 40
N Y Stocks. Elec Equip- 6.43 6.97
N Y Stocks. Insurance_ 8 84 9 56
N Y Stocks. Machinery_ 7.04 7 62
N Y Stocks, Oils _ 6.87 637
N Y Stocks. Railroad _ 2.45 2 66
2 v §.loc^- £ ? 4.95 6.38
N Y Stocks. Steel ... 5.79 6 28
North Am Bond Tr ctjs__ 45.60
Nor Am Tr Shares 1963_ 1.90
Nor Am Tr Sh 1956_ 2 4.3
Nor Am Tr Sh 1956_ 2 38 "
Nor Am Tr Sh 1958_ 2 01 -
Plymouth Fund Inc_ 32 37“
Putnam (Oi Fund _ 12 02 1°*S
Quarterly Income Sh_ 625 7' in
Repres Tr Shrs_I 880 93.
Repub Inv Fund . 2 87 3 0ft
•Schoelikopf-Hut A Pom ~ °5 i on
Selected Am Sh Inc.. 7.38 8 04
Selected Income Sh 3 63
Sovereign Invest Co newll 5 43 6 0l“
§?»^ern7na,Tk,Fund-13.15 13.06
Stand Util Inc _ ;»n qa
•State Btreet InvestIII.II 68 00 60 75
Super of Am Tr A_ 3 06 0
Super of Am Tr B _ 3 “
Super of Am Tr AA I ->Jg -
Supervised Shrs _“HH 837 8 88*
•Trustee Stand Inv C ”11 2 ”1
•Trustee Stand Inv D.I ' ”06 i'7*
•Trustee St °il Shrs A... 4 65 8
•Trustee St Oil Shrs B __I 4*9 I “
Trusteed l5du®UyB 8hrs“~ 69 73
ii1?!?5 - -
Wellington Fund lij .'10 13 54'
sgffi'SSSli&hzUS;
bSttUaihou'ld5*lndin'Vr offera*
and ,7nii.d. »PWoxlmate prices.
ounte<i1Ih£,?>. otherwl*e Indicated are as
**7,,IJ1* *o°n»ors or issuers.
Not quoted by sponsors or Issuers.
™-eare m°re than 70,000 Japa
nese civilians in Shanghai.
a