Evening star. [volume], April 10, 1943, Page B-3, Image 18

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

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CIO Plan to Reshape
All U. S. Shipping
Rejected by Land
Proposals Are 'Wholly
Unwise/ WSA Head
Tells Truman Group
Rear Admiral Emory S Land, head
of the War Shipping Administration,
has rejected proposals of CIO mari
time unions for a sweeping reorgan
■ ization of all American shipping op
erations, on the basis that the
recommendations are “wholly un
wise” and unworkable.
That came to light yesterday when
Chairman Truman of the Senate
War Investigating Committee made
public a memorandum written by
Admiral Land to the committee in
reply to charges filed by Joseph
Curran of the National Maritime
Union, Joseph Selly of the American
Communications Association, Hary
Bridges of the International Long
shore and Warehouse Union, and
John Green of the Industrial Union
of Marine and Shipbuilders of
America.
Asserting that the WSA was
"fundamentally sound and more
efficient than that which is pro
posed,” Admiral Land told Senator
Truman he welcomed the investi
gation of WSA that the committee
is currently making. The Senate re
cently approved another six-year
i term for Admiral Land as war ship
ping administrator.
The unions have charged that
shipping space has been wasted on
such cargoes as toothpicks, bird
seed and caviar, that ships some
times took as much as a month to
unload and that one ship sailing
between the United States and
North Africa carried 3,000 tons of
sand. Philip Murray, CIO presi
dent. has concurred in the com
plaints.
Land Tells of CIO Plan.
In his memorandum to Senator
Truman, Admiral Land outlined the
union's reorganization plan as fol
lows :
First, that all control over the
many phases of ship operations, as
well as the movement of cargo, be
centralized in the War Shipping
Administration,
Second, that the administration
and formulation of policy concern
ing these many activities be vested
in a number of • tripartite bodies,”
one covering the entire operation,
one in each of the many depart
ments of the WSA, and one in each,
of the many ports—each tripartite
group to consist of representatives
of labor, of management and of
Government,
Admiral Land held the first pro
posal would involve the "complete
abolition of the divisions of the
Army and Navy that are now
charged with the responsibility of
operating their merchant ships and
activities incident thereto.” He fur
ther maintained it would require the
Army and Navy to transfer "without
retaining any element of control or
ownership all ships now or here
after to be owned by and bareboated
to the Armv and the Navy.”
Sees “Diffusion” of Control.
He said it also would take from
the two services control of terminal
facilities, warehouses, stevedoring
operations and transportation facili
ties in >emote parts of the world
and in areas within the active the
ater of military operations.”
Turning to the second proposal.
Admiral Land said the system of tri
partite groups would result in "the
diffusing and dispersing of the ex
ecutive control and responsibility
which would retard, rather than ac
celerate, the work of this adminis
tration.”
"Almost any problem arising in the
unceasing flow of daily shipping ac
tivities—designed speedily to trans
port urgently-needed food, clothing
and equipment to our troops and our
Allies on the various battle fronts—
would require the decision of and
direction from large amorphous
bodies,” the shipping administrator
wrote.
"They would obviously constitute
cumbersome administrative ma
chinery able to make decisions and
to administer operations, if indeed at.
all, only after long and tedious de
liberations."
District Bar Association
Admits 29 New Members
Admission of 29 new members, in
cluding Municipal Court Judge
Ellen K. Raedy and former NRA
Administrator Donald R. Richberg,
brings to more than 200 the number
enrolled in the District Bar Associ
ation since last June, and boosts the
total membership to approximately
1.500. it was announced today.
Of this total, 250 are in the armed
services, it was revaled.
Those enrolled were:
James M. Fitbpatrick. Ray L. Jen
kins. Joseph F. Lawless, jr.; Saul G.
Lichtenberg, Patrick Henry Lough
ran, O. R. McGuire. Stanley B. Pier
son. Wendell W. Campbell, Whitford
W. Cheston, Ellen K. Raedy. James
C. Rhodes, T. Harold Scott, Richard
P. Schultze. John Henry Sullivan,
JeRn A. Vanderbilt, Edward Wheeler,
Richard B. Washington, Thomas J.
Ahearn, David Babp. Kenneth Don
aldson. John Christian Gall. Bernard
F. Garvey. Rees B. Gillespie. Maurice
A. Guervitz, Arthur M. Hahn. Rob
ert E. Kline, jr.; Max C. Louis, Don
ald R. Richberg and Lee Schlosberg.
107 D. C. Brewery Workers
Granted $2 Wage Raise
Six companies, employing 107
brewery warehousemen and drivers
in Washington, are affected by a
ruling of the Regional War Labor
Board granting the men a $2 weekly
6alary Increase.
Thp increase, retroactive to Janu
ary 1. was agreed on previously at
conferences between company repre
sentatives and negotiators of the
Brewery Workers’ Union, Local 48,
AFL. Drivers had received no in
crease in the past six years while
warehousemen got their last raise in
a 1941 contract, a $1 weekly Increase,
Companies affected are Gardner
Sales Co., Anheuser-Busch, Inc.;
American Brewery Co.. Gunther
Brewing Co., Valley Forge Distribut
ing Co. and National Brewing Co.
Delegates Named
A delegation of five members of
Arlington's Chamber of Commerce,
headed by E. L. Usilton, president,
jrili represent the county at the
annual meeting of the Virginia
State chamber in Roanoke. Va.,
April 15-16. Those accompanying
Mr. Usilton will be Paul A. Hill,
secretary-business manager; W,
Morrell Stone. Eugene L. dcHegh
fcnd Walter Vaughn.
Wardens' Row
Ruled Draw
Over Blackout
Two air-raid wardens got the r
signals crossed during a blackout on
the night of March 16 and ended in
Municipal Court yesterday with one
of them accused by the other of
being a blackout violator.
Judge Walter J. Casey dismissed
the case after listening two hours
to evidence which he said convinced
him that “there are still some points
about blackouts to be settled.”
Miss Jane Hamilton, warden in
the Connecticue avenue and L street
sector, accused Jacob Jacobson,
owner and warden of the Defense
Building in the same area, of re
fusing to blackout his office light
when the blue signal sounded. Light
streamed into the alleyway as Mr.
Jacobson tried to convince Miss
Hamilton that he did not have to
put it out until the red signal
sounded. He also maintained that
j the light did not show anyhow.
Dabney Warns South
Against 1944 Bolt
Of Democratic Party
Would Accomplish Little
But Defeat of Candidate,
Richmond Editor Says
By the Associated Press.
ATHENS, Ga., April 10.—Virginias
; Dabney, editor of the Richmond
, Time.s-Dispatch, yesterday declared
j that if the South left the Democratic
1 Party fold in 1944 “it would accom
| Plish little else than the defeat of
! the Democratic candidate for the
1 presidency.”
| “A third party bolt by the South
ern Democrats in 1944 would be the
i height of futility,” Mr. Dabnev as
serted in an address at the Univer
sity of Georgia, but, he continued,
'the South has been kicked around
for decades and this condition is
apt to continue until we become a
doubtful area politically.
“However, a greater measure of
political independence for the South !
has been highly desirable for 40
years and the sooner the independ
ence is manifest, the better.
Backs ArnaH's Statement.
‘‘The Southern States have been
counted ‘in the bag' for the Demo- |
cratic candidate over entirely too
long a period. Gov. Ellis Arnall of
Georgia is absolutely right in stress-*
ing this thought.” he said in re
ferring to a recent address bv Gov.
Arnall before the Southern Gover
nors’ Conference at Tallahassee, !
Fla. “It has nothing to do with j
whether one is pro or anti New
Deal.
"In order to keep the record
straight.” he continued, "it ought
to be stated that President Roose
velt has given more time and
thought to Southern problems than
any man who has sat in the White
House in generations. Whether you
like his program or whether you
don't, it is a program addressed in
considerable measure to the ills of i
the South, and much of it has been
helpful.
"When Gov. Sam Jones of Louis- i
iana said in a recent magazine '
article that Mr. Roosevelt has done !
•precisely nothing’ for the South, j
he made a fantastically inaccurate
statement.
Doubts Swing to GOP.
"There appears to be little likeli
hood that the South will go Repub
lican next year,” Mr. Dabney de
clared, ‘ irrespective of whom the
two parties nominate. The strong
probability is that region will be
solidly Democratic.
“The present outlook is a contest'
between President Roosevelt and
one of the better-known Repub
licans, but even though an even ;
more determined effort is made on !
behalf of the latter than wras made
for Mr. Willkie in 1940. it would be !
a miracle of anything ’came of it i
below the Potomac and the Ohio. j
‘ If Southern leaders can wring !
any concessions from either or both
parties, in advance of the balloting, j
let them do so.”
---
Retired Policeman, 74,
Is Seriously Burned
Clarence La Dow, 74, a retired po
liceman, was in serious condition to
day at the Naval Hospital, Bethesda,
Md.. after suffering burns on the
arms and right hand at his home, at
1254 Evarts street N.E., yesterday
afternoon.
Neighbors said Mr. La Dow's
clothing probably became ignited
from a cigarette he was smoking
when he apparently fell asleep on
his porch.
Mrs. Thelma Kauffman, 1252
Evarts street, and Marion Thomp
son, 1249 Evarts street, went to Mr.
La Dow's rescue. Mr. Thompson was
seriously burned on both hands and
was treated by a private physician.
I Mr. La Dow was first treated at
I Casualty Hospital and later removed
to the Naval Hospital.
Mothers Sought to Train
As Recreational Leaders
Three special training classes for
mothers of the Bethesda-Chevy
Chase area, who are willing to be
i come recreational leaders during
the summer, are now being arranged
bv the Recreation Committee of
the Women's Division of Civilian
Defense, Mrs. John Werner, chair
man. announced yesterday. Instruc
tion will be paid for by the Wartime
Consumer Adult Education Pro
gram. which has approved the com
mittee's plan.
Leaders in charge of organizing
the classes are Mrs. A. B. Chester,
East Bethesda, Wisconsin 7495: Mrs.
John Cannon, Somerset, Wisconsin
4912; Mrs. H. Duncan Wall. East
Chevy Chase, Wisconsin 9194; Mrs.
Omar Herrmann, West Chevy Chase,
Wisconsin 1006: Mrs- Francis Davis,
Bradley Hills. Wisconsin 7616.
Interested persons should get in
touch with the nearest leader. It
is hoped to start the classes next
week.
Ration Board Seat Sought
Organized labor will seek repre
sentation on the Alexandria Ration
Board, it was announced yesterday
by Henry L. Cravati, State adminis
trative officer, following a meeting
of the OPA Labor Advisory Com
mittee. Mr. Cravati said the Alex
andria board is among 13 boards
in industrial areas under the Jur
isdiction of the Richmond OPA of
fice, where board candidates will be
nominated by labor groups.
Compulsory Lending
Or Savings Tax Seen
Under Consideration
President's Warning Stirs
Speculation on Whether
New Plan Is Forthcoming
Bv the Associated Press.
President Roosevelt’s warning that
the Nation must be prepared to
spend less and save more to “hold
the line” against inflation stirred
speculation today as to whether the
administration is planning to
recommend to Congress a compul
sory lending or compulsory savings
tax
Proposals for such levies have
been advanced by Treasury officials
as part of an expanded tax program
to siphon off $16,000,000,000 in esti
mated excess public purchasing
power which the Treasury terms
this year's "inflation potential.”
Proponents say either tax would
partly meet the President's demand
for firm inflation controls by freez
ing the current spending power and
would create a purchasing reserve
for the postwar period.
Victory Tax Cited.
They cite the postwar credit un
der the Victory Tax as an example
of compulsory lending.
Randolph Paul, Treasury general
counsel, said it would be “highly
unrealistic” to rely on taxation along
traditional lines alone to absorb the
entire excess of civilian spending
which “threatens a runaway infla
tion.”
He expressed the belief that if
present personal taxes were doubled
to yield an additional $15,000,000,000
the level of voluntary savings would
fall below the current figure of
$24,000,000,000 annually, thus in part
defeating the purpose of the higher
taxes.
Advocates of compulsory lending
or saving levies say that they pre
serve the incentive to w-ork by pro
viding for postwar refund of the
taxes.
Greater Restriction Justified.
In addition, Treasury officials said
the promise of future rewards in
herent in these programs justifies
a greater restriction of consumption
among tire lower income groups than
would be fair under outright tax
ation.
One schedule of rates proposed for
compulsory savings of lending would
exempt the first $1,000 of income of
a married person with no depend
ents, require that 20 per cent of the
next $1,000 and 40 per cent of the
next SI,000 be made as a compulsory
loan to the Government or put into
some type of savings if compulsory
savings were adopted. The sched
ule would be adjusted upward to
meet higher incomes.
Special provision for fixed com
mitments or extraordinary' expenses,
Treasury officials said, could be made
under either program by allowing
offsets for such things as personal
taxes, rents, medical expenses, debt
repayments and the like.
Savings Plan Favored.
Compulsory saying was said by
some experts to be a more effective
means of reducing civilian spending
than compulsory lending, since un
der the latter plan persons with ac
cumulated savings could use these
to meet their lending obligation.
As a result, they said, only those
persons who did not normally save
anything, had no capital and could
not obtain credit, would be com
pelled to reduce spending by an
amount corresponding to their lend
ing.
They pointed out that compulsory
savings, on the other hand, would
fix a net savings requirement for
each income recipient which could
only be met out of income, not out
of the sale or conversion of assets.
3d Women Workers'
Residence Hall Opens
West Potomac Park Unit
Will Accommodate 610
Barton Hall in West Potomac Park,
one of 12 residence halls in the
Metropolitan Area for Government
women workers, was opened today.
Approximately 200 tenants were
scheduled to move in over the week
end, and the hall's capacity of 610
should be reached within a. short
time, according to Commissioner W.
E. Reynolds of the Public Buildings
Administration, , Federal Works
Agency.
Curie Hall m West Potomac Park
is to be opened later this month for
members of the WAVES, it was said.
The dormitories are of the tem
porary type for duration use. The
scale of rents is *24.50 a month for
single rooms and from *16.50 to
*24.50 a month for each occupant of
double rooms.
Miss Patricia Oliver of Chicago,
Barton Hall house director, was pre
pared to welcome the new tenants
and help them to be “at home" for
the duration. Due to staggered
leases held by prospective tenants,
it will require from two to three
weeks for the women to move into
their new quarters, it was said.
Barton Hall is the third of 12
residence halls to be completed. Six
halls are located in Arlington near
the Pentagon Building, three in
West Potomac Park, one at Suit
land. Md., and two at Langston
Stadium. Oklahoma avenue and
Twenty-fourth street N.E., for col
ored women. All 12 halls are 'under
the supervision of William J. Bissell
of PBA. The 12 halls can accom
modate 6,686 occupants.
Chain Clothing Store Agrees
To Desist Ad Practices
By the Associated Press.
The Federal Trade Commission
has announced that Bond Stores.
Inc., New York, with manufacturing
plants in Rochester, N. Y., and New
Brunswick, N. J., and retail stores
in many cities, including Washing
ton. had agreed to desist from cer
tain representations in the sale of
men's, clothing.
The commitsion said yesterday
that the company agreed that in
its advertising it would “cease and
desist" from representing that it is
the only store which features two
pairs of trousers with every suit and
that the second pair is a gratuity;
using the word "Rochester" in re
spect to clothes made elsewhere;
using the word "bench-made" for
clothing not hand-tailored, or "cus
tom” for clothing not tailored to
measure, and using the words "veri
fied value” when the value has not
been ascertained by an impartial
organization.
Peoples Drug Sales
Show Year's Best
Gain in March
First-Quarter Total
13.6 Per Cent Above
Like 1942 Period
By EDWARD C. STONE.
Net sales of Peoples Drug Stores.
Inc., ir» March scored the best per
centage gain of any month this
year, 15 8 per cent, according to the
monthly report made today.
Sales in March this year amount
ed to $2,832,430.92 against $2,446,
954.45 in March, 1942, an “Increase
of $385,476.47. The results are con
sidered especially good since the
huik of Easter trade was in March
last year, while comparatively little
Easter business was registered last
month.
Peoples Drug sales made an ex
cellent showing in the first quarter,
reaching $8,223,759.35, in comparison
with $7,237,394.38 in the first three
months of 1942, an upswing of $986.
I 364.97, or 13.6 per cent, today’s re
port showed.
The January percentage gain was
9.7 and the February pickup, 15.1
per cent. Sales in the full year
1942 were 17.7 per cent ahead of
1941.
\Var Stamp and Bond Sales lip.
War stamp and War bond sales
at the City Post Office in March
turned upward substantially fol
lowing the slump in February, it
! was announced today by Postmaster
Vincent C. Burke.
The number of War bonds sold
totaled 25.626 against 24,479 in Feb
ruary. while the value of the bonds
i at the issue price was $922,106.25,
j compared with $823,031 25 in the
i preceding month, or a gain of
$99,075.
Postal officials are gratified over
the result as the number of people
buying bonds through the payroll
plan is constantly on the increase.
This, of course, reduces sales
through the City Post Office and
branches.
Officials commented on the fact
that the upturn took place despite
the first payment of the heaviest
income taxes ever levied. Incident
ally. money orders also smashed all
records, much money leaving the
Capital.
Nine New Members Fleeted.
Washington members of the In
vestment Bankers’ Association have
received word of the election of nine
new member firms. This is a com
plete turnabout from last year,
when there were many withdrawals
for one reason or another.
Robert M. Hanes, Winston-Salem
banker and former president of the
American Bankers’ Association, has
been appointed North Carolina
chairman of the United War Fund
Campaign by Gov. Boughton.
The Federal Reserve Board re
ported today that trade in the
Richmond Reserve District in the
first quarter was 8 per cent better
than a year ago, and was up 10 per
cent in the whole country. The best
gain was made in the Dallas area,
36 per cent.
Washington Produce
BUTTER—50*4 to 53.
LIVESTOCK—Calves, 16; spring lambs,
1 n.
From Food Distribution Administration.
Prices paid net f.o.b. Washington:
EGGS—Market, steady. Prices paid for
Federal-State graded eggs received from
grading stations (April KM: Whites, U. S.
grade A. large, 38-40: average. 39: U. S.
grade A. medium. 35-36: average. 35: U. S.
grade B. large. 36-38: average. 37: U S.
grade B. medium. 35-36; average. 36.
Browns. U. S. grade A. large. 38-39;
average. 38*2; U. S. grade A. medium. 35
36: average. 351?: U. S. Rrade B. large,
36-37; average. 36*2: U. S. grade B. me
dium. 35-36: average. 35r2: U. S. grade C,
33-35; average. 34. Current receipts,
nearby ungraded eggs, whites. 34-34 V2;
mixed colors. 33-33*2.
LIVE POULTRY—Market firm. Fowl,
receipts too limited to establish basis for
prices: roosters. 5* 2 pounds and over,
18-20; broilers, under 3 pounds. 28; fryers.
3-4 pounds. 29*2.
Fruits and Vegetables.
Compiled by the Food Administration.
Sales to 8 a.m. on this morning's wholesale
market in less than carlot quantities.
APPLES—Market steady. Truck re
ceipts light. Maryland. Pennsylvania.
; Virginia and West Virginia. U. S. No. 1,
bushel baskets. Winsaps. 214-inch mini
mum. 2.50-2.75: 2'2-inch minimum. 2.75
.5 no. 2 ’4-inch minimum. 3.00-3.25;
Yorks. 2'4-inch minimum. 1.00-1.75; 2,2
inch minimum. 2.00-2.25: 234-inch mini
mur. 2.25-2.50; Staymans. 2'4-inch mini
mum, 1.75-2.<>0: 2'2-inch minimum. 2.50
2.75: 234-inch minimum. 2.00-2.85: Black
Twigs, 2'4-inch minimum. 1.00-1.75: 2'2
I inch minimum. 2.00-2.25; Delicious, 2‘4
' inch minimum. 2.00-2.25; 2*2-inch mini
j mum, 2.50-2.75: 234-inch minimum. 2.75
3.00; 3-inch minimum 2.50-2.75; Golden
Delicious. 2'4-inch minimum. 1.00-1.75:
i 2'z-inch minimum, 2.25-2.50; 234-inch
minimum. 2.40-2.05.
1 In-bushel boxes. Delicious, 2'4-inch
minimum, 2.25-2.50; 2'-i-inch minimum,
i 3.00-3.25: 234-inch minimum. 3.25-3.50;
I 3-inch minimum. 3.00: Black Twigs, 214
! inch minimum. 1.05-1.85; 2!-inch mini
! mum, 2.00-2.25; 234-inch minimum. 2.25
! 2 oO; Staymans. 2'4-inch minimum. 2.00
i - 25; 2'2-inch minimum. 2.75-3.00; 234
' inch minimum. 3.00-3.25: 3-inch mini
mum, 2.25-2.50; Yorks. 2'4-inch mini
mum. 1.05-1.85: 2V2-inch minimum. 2.25
234-inch minimum. 2.50-2.75; Wine
! saps. 2'4-inch minimum. 2.75-2.90; 2'2
; inch minimum. 3.50-3.75.
: Pennsylvania. Virginia and West Vir
ginia. bushel boxes, Western style. U S.
i fancy. Stavmans. 113r-198s. 2.00-3.50;
j 88s-100s, 3.50-4 00; 50s-80s. 2 25-3 00;
' all sizes, ripe. 1.75-2.00; Delicious. 113s
; 198s. 2.25-3.75; 80s-11»0s. 3.75-4 00;
1 Romes. 04s-l 13s, 2.25-3.00: 125s-150s,
2.O0-2.75; Paragons. 88s-138s. U. S. No.
I Jv Golden Delicious. 88s-13Ss,
I U. S. No. 1. 2.25-2 75; Yorks. 80s-150s, U.
1 S. No. 1. 2.2o-2.75.
POTATOES—Old and new stock: Sup
; plies insufficient to quote.
! , ASPARAGUS—Market slightly stronger
for best stock. Truck receipts light. Pyra
mid crates, dozen bunches, green. South
Carolina, large size, 4.50-5.00; few sales
5.25: medium size. 3.75-4.00; small size.
3oo-3.nO; California, select. 0.50; extra
select. #.00; fancy, 0.25; extra fancy and
jumbo. 7.50.
LIMES—Market steady. Supplies light
; Mexico, bushel crates. Persians. 10.00. 1
CABBAGE—Market slightly stronger,
i Truck receipts light. Florida. 1 W-bushe!
hampers, domestic round type, packed lo
: cally. 3.85-4.1 0.
| CARROTS—Market steady. California.
I L. A. crates, bunched. 3.50-4.00: few sales
4.50; bushel baskets, topped, washed. New
Jersey, 2.00; California, poorly graded, poor
pack. 75-1.00.
CELERY—Market weak. Florida. 10
inch crates, trimmed tops, washed, all sizes,
3.50-4.00: fair quality. 3.00.
LETTUCE—Market about steady. Ari
zona. L. A. crates, Iceberg type. 5-dozen,
6.84-7 34.
Onion Supplies Light.
ONIONS—Market steady; supplies very
i light; New York. 50-pound sacks, yellows,
U. S. No. 1. 2.75
SPINACH—Market steady, truck re
ceipts lightbushel baskets. Savoy type;
Texas. 1 75-1.85; Norfolk section Virginia,
mostly around 1.75.
, BEANS-—Market steady; supplies
light: Florida, bushel hampers. Bountifuls.
9.00; fair quality, 5.00-5.50; Black Val
entines, 0.50.
1 LIMA BEANS—Market steady: supplies
i Florida. bushel hampers. 8.50-10.00.
,, EGGPLANT—Market steady; Florida,
! l’^-bushel crates. 80s-60s. 0 00-6.50.
1 PEPPERS—Market steady; supplies
light: Mexico, l'.s-bushel crates. California
Wonders. 8.00-10.00.
CUCUMBERS—Market steady: supplies
light: Florida, bushel baskets, fancy. 10.00;
hothouse stock. Indiana. 2.00-2.50 per
dozen: Ohio. 2-dozen. 3.50-4.00.
STRAWBERRIES—Market steady: ex
! press receipts light: Florida. 30-pint crates,
i condition. 20 per pint.
: KALE—Market steady. Truck receipts
orfoik section Virginia, bushel bas
I kets, 1.50.
{New York Cotton
NEW YORK. April 10 op>.—Cotton
prices continued to decline today in nerv
mis trading, reflecting uncertainty as to
what level celling might tr placed on cot
t°n under the anti-inflation order.
. While tne market rallied at times on
trade price fixing and covering by locals,
advances brought out renewed commission
house liquidation and selling from the
South, with prices making new lows for
the day shortly before the close.
Futures closed 15 to 75 cents a bale
lower.
. Open. High. Low. Last.
May_20.11 20.1« 20.04 20.11
July - _ 19.00 19.95 19.8a 19.8.
Oct.*_ 19.70 19.75 19.63 19.67-68
Dee. . 19.61 19 69 IP 58 19.62-63
March ... 19.58 19.65 19.51 19.52-54
Middling apot. 21.90.
STOCK AND BOND PRICES
Selected Issues on the New York Stock Exchange and Curb Market I
New York Stock Quotations furnished by
the Associated Perss.
Sales—
Stock ana Add Prev.
Dividend Rare. (it) High Low Close Close.
AdamsExp 45e It 11% 11% 11% 11%
Air Reduct’n la 19 42 41% 41% 42%
Alaska Juneau 62 5% 5% 5% 5%
Alleg S30pf ww 29 15% 15 15% 15%
Alleg Lud .35* A 23% 23 23% 23%
Allied Chem 6 . 3 153% 152% 153% 152%
Allied Mills le 6 20% 20% 20',, 20%
Allied Strs .30* 31 9% 9% 9% 9",
Allis-Chal.25*. 17 33% 33 33 35%
Amerada (2) 10 77 76 76 77%
Am Airlln 1.60e 5 61 60% 61 61
Am Bank N.25* 9 15% 14% 15% 14%
Am Cable Ac R 23 6% 5% 6 5%
Am Can 3 4 79 78 79 78%
Am CaryAcFy 2* 23 33% 33% 33% 33%
Am Chain .50* 8 22% 22% 22% 22%
AmHawan.75* 6 34% 33% 34% 34%
Am Locomotive 32 13% 12% 13 12%
Am MacAcP.20* 8 13% 13% 13% 13%
Am Metals (1) 5 24% 24 24 24%
Am Radlat .16g 140 8% 8% 8% 8%
Am Roll M .20* 12 13% 13% 1:1% 13%
AmSmAcReJ2. 18 43% 43 43% 43
AraStlFy 60*. 13 24% 24% 24% 24%
Am Tel* Tel 8. 14 140% 140% 140% 141%
Am Tob (Bi 3a. 13 63% 5:1 53 52%
AmType F .50*. 17 9% 9% 9% 9%
Am Viscose I* 8 35% 35% 35% 36 i
Am Water Wks 86 6% 6 6% 6% j
Am Zinc L Ac S. 17 6% 6 6% 6
Anaconda .60* 81 29% 28% 29% 28%
Baldwin Loc le 23 15% 15V, 15% 15%
Balto Ac Ohio-. 66 8% 7% 8% 8%
Barnsdall .60 . 21 15% 15% 15% 15%
Bath Iron W le 3 18 17% 18 17%
Bendix .75* 8 37% 37 37% 37%
Beth Stl 1.50*_ 40 64% 63% 63% 63%
Borden .30* _ 11 25% 25% 25% 25%
Borg-War 1.60. 14 30 29% 30 29%
Briggs Mf* 2 18 25 24% 24% 24%
Burr's Ad M .60 19 11% 11% 111 a 12%
Canadian Pac . 72 9% 9% 9% ^9%
Case <JI) 7e— 13 105 102% 102% 106',
Celanese .60* _ 15 33 32% 32% 33V,
Cerro de Pas 4- 5 38 37% 38 38
ChesAkOhlo3 32 42 41% 42 42%
Ch Ac El A.69* 16 13% 13% 13% 13%
Chrysler .75* _ 19 72% 72% 72% 72%
Climax M 1.20a 8 44% 44% 44', 45%
Cluett-Pea .60* 3 35% 35% 35% 36
Cornel Credit 3. 6 34% 34% 341, 34%
Cornel InvTr 3. 13 36% 36 36 36%
Cornel Solv .60s 19 13% 13 13% 13%
Comw Edls.35*. 9 23% 23% 23% 23%
Cons Cop ,45e.. 16 5% 5% 5% 5%
: Cons Edis 1.60. 38 18% 18% 18% 19
container .oOg 9 20* 20 20* 19 *
1 Conti Bak .60g_ 10 7* 7% 7* 7% I
: Cont Can ,25g_ 9 31* 30% 31* 30*
Cont Mot .15g_. 75 6* 5% 6* 6
Cont) Oil Del 1. 17 31* 31% 31* 32*
Corn Prod 2.60. 3 55 54% 54* 54*
Crane Co le __ 26 18 17* 18 17*
. Crucible St) 2e. 5 34* 34* 34* 34 %
Cub-Am S .75e. 15 9* 9 9% 9*
Curtis Publish- 35 4 3% 3* 4
Curtiss-Wr le.. 88 8% 8* 8 * 8%
Deere 1.35e_ 19 33 32% 33 33*
Del & Hudson.. 13 15 14* 14* 14*
Del Lack & Wn. 55 7* 6* 7% 7
DetEdis.60g _. 18 18* 18 18* 18*
Dist C-S h2.22- 7 28* 27* 27* 28*
Dome M h.SOg— 5 21* 20* 21% 21
I Douglas Aire fie 4 66 66 66 67
I Du Pont (lg)— 6 143 142 142* 143
Eastn Air Lines 7 36% 36 36 36%
El Auto-L ,60g. 5 351 a 35* 35% 35%
Elec Boat le_ 3 12% 12% 12* 12%
Eng Pub Svc- 50 5* 5* 5* 5%
Erie RR le_17 13% 13* 13* 13*
Erie R R ct le.. 77 13 • 12* 13 12%
Fajardo Sug 2_. 4 23 22* 23 22*
Firestone ,75g . 12 31'* 31 31* 32
Flintkote ,25g.. 4 18 17% 17% 18
Foster Wheeler. 18 15* 15 15* 15%
Gen Elec 1.40 . 39 35* 35 35* 35*
G<n Foods .40g 6 38 37% 37* 38
Gen G3tE (A) . 42 2 1* 2 1*
Gen Motors.50g 3L 48* 47* 48* 47*
tGenSCpf.ik _ 40 72 71* 71% 73*
GenTelephl.6U. 4 20* 20* 20* 20*
Gillette ,45e __ 21 7* 7* 7* 7*
Goodrich ,25g.. 38 .35* 34% 35% 36%
Goodyear 50g_. 42 33% 32% 33% 32
Grt Nor pf 2e . 25 28* 27% 28* 27%
Homestake Min 15 38 37% 37* 38*
Houd-H B .25g_ 14 13* 13* 13% 13%
Houston Oil_ 20 7 6* 7 6*1
111 Central- 29 13 12* 13 12*
Indust Rayon 2 5 37% 36* 36'... 37 !
Inspir Cop ,25« 31 13* 13* 13% 13* '
Int Harvest 2 . 12 68% 67* 68 67%"
Int Mer Marine 32 12% 12% 12% 12* i
Int Nick(Can)2 33 33% 33* 33% 33%
Int Pan & Pwr 57 10* 10* 10* 10%
Int Tel & Teleg 137 9% 9 9% 9
Johns-M ,50g._ 3 80% 80 80% 80
Jones&Lau 1«_. 37 24 23* 23* 23%'
Kan City Sou _ 53 9% 9 9% 9*1
Kennecott ,60g. 41 33* 32* 33 32*
Kroger Groc 2. 7 27* 27 27 27*;
Lehman Cod). 13 28% 27* 27* 29
Libby-O-F .25g 16 34* 34% 34* 34*1
LibMcNAtL 45* 57 7% 6% 7% 7
Ligr At My B 3 1 67% 67% 67% 68
Lockheed A.50g 29 22 21% 22 21%
Loew's Inc (2). 7 53% 53% 53% 53
Lorllard P .25g 4 18% 18% 18% 18%
Mack Trucks 3e 2(1 34% 33% 33% 35
Macy (RH> 2__ 10 21** 24% 24% 25
Mar Mid 08g— 12 4% 4% 4:, 474
Marsh Fid .80.. 16 13% 13% 13% 13%
McKessAtRob 1. 1 17% 17% 17% 17%
MiamiCop .25g. 22 8% 7% 8 8
Mid Cont .40g . 6 23 22% 23 23%
Monte Ward 2 _ 17 38 37% 37% 37%
Murray Co 60e 9 8% 8% 8% 7%
Nash-Kel .125g 53 9 8% 8% 8%
Nat Acme .60g. 6 17% 17% 17% 17%
Nat Blsc't .60g_ 9 19% 19 19% 19%
Nat Cash Reg 1. 1 22% 22% 22% 2’’%
Nat Dairy .80.. 7 17% 17 17% 17%
Nat Distillers 2 14 28% 28% 28% 29%
Nat Gyp ,25e— 32 7% 7% 7*, 774
Nat Lead .50... 15 16% 16% 16% 16%
Nat Pwr Ac Lt__ 39 4% 4% 4% 41
Nat Steel 3- 3 57 57 57 57%
Nat Supply 29 9% 9% 974 9:1,
Newp't Ind .20g 4 12% 12% 12% l';%
NY Central lg 201 16% 46% 16% 16%
NY ChlAtStLpf. 15 41% 40% 41% 41%
NYShipbldSe. 7 24% 23% 23% 24%
Nor A Aviat 1 e 9 12% 12% 12% 12%
Nor Am Co 381. 66 14% 13% 14% 14
Northn Pac 1 g 144 14% 14 % 14% 11%
Ohio Oil ,60e . 63 15% 15 15% ] y%
Owens-Ill G12. 9 56% 56% 56% 56%
Pac Gas At E 2. 7 28% 27 27 28%
Pac Tin ... 14 3% 3.%, 3^ 3,
Packard ,10g._ 108 4% 4% 4% 4%
Pan Am Air le. 31 29% 28% 29 29%
Param't 1.20 39 22% 22 22% 22%
Park Dtah Min 6 2% 2% 2% 2%
Parke Day .HOg 4 28% 28% 28% 28%
Patino M Is . 5 25% 25% 25% 25%
Penney (JC) 3.. 2 87% 87% 87% 88
Penn RR 2.50e 61 29% 29% 29% 29%
Pepsi-Cola .5ng 50 40% 39% 40% 40%
PhelpsDod 1.60 36 26% 26% 26% 26%
Pullman .60s.. 11 32% 32% 3«% 3-ia
Pure Oil ,50e... 68 15%' 15 15% 15%
RemRand ,50g. 16 14 13% 18% 14%
Repub Stl.25g. 51 17 16% 17 16%
Revere Copper. 15 8% 7% 8% 8%
Reyn To B 1.40 12 27% 27% 27% 27%
Sav Arms .25g . 22 11% 11 ]i% 1114
Schen Dist .50g 27 31% 31% 31% 32
Servel Inc 1 .. 3 13% 13% 13% 13%
Shell Un Oil le. 5 21% 21% 21% 22%
Sim'ns Col.25e 8 22% 22 22 22%
Socony-Vac .60 60 12% 12% 12% 12%
Sou Pacific le 213 2314 22% 23% 22%
Sou Railway 2g 138 27% 26% 27 26%
oou Kypi a.75*. IX 44% 44% 44% 44
Sperry 1.50e— 3 32% 31% 31% 32
Spiegel. Inc 22 5% 5% 5% 5%
Std Brands.10* 52 6% 6% H% 6%
Std OH Cal .40* IX 33% 33 33% 33%
Std Oil Ind (1). 24 31% 31% 31% 31%
Std Oil N J la.. 37 51% 50% 51% 51%
Stone* W.75e 34 8% 8% 8% 8',
Studebaker.25g 93 10% 9% 10% 9%
Sunshine M.15* 11 6% 6% a K,/t
Swift&Co 1.20a 4 24'% 24% 24% 24%
Texas Co 2-21 47% 46% 47% 46%
Tex Gull Sul 2. 4 39 38% 38% 39',
Tex Pac LT.lOe 7 9% 9% 9% 9%
Tide Wat O 60. 17 13% 13 13", iY%
Tim-Det A .75* 8 32'% 32 32% 32
Timk R B .50* 3 45% 45% 45% 46
Transamer .50. 20 7% 7% 7% 7rs
Transcont Wn. 2 17% 17% 17?., igi/5
Twen C-F -25f_ 29 18% 18% 18% 18%
Un Bag* Pap . 11 10% 10 10% 10%
Un Carb 1.50g_ 14 83 81% 83 82
Un Pacific 6 ._ 9 90% 89% 90 90
Unit Air L .60* 47 21'% 21% 21% 21%
Unit AircraltOa 17 33% 33 33% 33%
UnitCorp-161 1% 1 1 n.
Unit Drug-32 10% 9% 10% 9%
Unit Gas .10*_.149 8 7%, 7', 8%
U S Steel 1* __ 73 55 54% 55 54 %
Vanadium .25*. 11 20% 20", 20% 20%
Walworth ,50e. 17 7% 7 7% 7%
Warner Pict._. 92 11% 11% 11% n>,
Wesfn Un .50* 21 33% 32% 33% 32%
Westh A B .25* 9 20% 20% ‘>0% 20%
Westhse El 1*_. 11 90% 89% 90% 90%
Wheel Stl .25* . 3 21% 20% 20 % 21
White Mot .25*. 24 19 18% 19 18%
Wilson* Co. 47 7 6% 7 7
Woolworth 1.60 10 36% 35% 36% 35",
Worthington P. 9 21% 20% 21 "1%
Yell Trk .25* __ 19 16% 16% 16% 16%
Y*stn S&T 60* 34 35% 35 35% 35%
Zenith Radio 1* 21 27'., 26% 26% 27%
Approximate Sale, Today.
11:00 A M 505,570 12:00 Noon 1,056.510
’Unit of trading, JO shares: sales printed
in full, r In bankruptcy or receivership or
being reorganized under bakruptcv Act.
or securities asumed by such companies.
Ratos of dividends in the foregoing table
are anuual disbursements based on the
last quarterly or semi-annual declara
tion. Unless otherwise noted, special or
extra dividends are not included x Ex
dividend. r Ex rights. a Also extra or
extras, d Cash or stock, e Paid last year
f Payable in stock, g Declared or paid so
far this year, h Payable in Canadian
funds, k Accumulated dividends paid or
declared this year.
N. Y. Bond quotations fur
nished by the Associated
Press.
NEW YORK CITY. Close.
3s 19 SO _ 103*4
DOMESTIC. Close.
Alleg Corp os 49 mod 89
Alleg Corp inc 5s 50 . 70*4
B A O 1st 4s 48 std_ 74*4
B A O 95 A std_ 45
B A 095 C std_ 49*4
B A O 2000 D Std_ 45* 4
• AO cv 60s std_ 34**
B A O 1st 4s 48_ 71
BAO Ple&WV 48 51St 64*4
B A O S W 50s std 5*4 8
Bell Tel of Pa 5s 48 B 102*4
Boston A Me 4*-is 70 51*4
Buff Roch A P 57s std 46
Can Pac deb 4s perp 81*4
Celanese Corp 3*4862 103*4
Cent of Ga rf 6>'2S 50. 13*4
Cent of Ga 5s 50 C . 13*4
Cent of Ga con 5s 45_ 37?4
Cent of Ga 1st 6s 45 . 83*4
Cent Pa 1st ref 4s 40 93V*
Cent RRofNJ gn 6s 87 37
Cent RR of N J 4s 87 . 32
Cer-teed deb 5*4s 48 98*4
Chi Alt ref 3s 49 ... 24*/0
Chi B A Q 4*4s 77 _ 76**
Chi & East 111 inc 97 38*4
Chi G West 414s 2038 41*4
CMASPAP 6s 75 _ 29*/s
CMASP adj 6s 2000 . 914
CMASP gen 4Vis89 C. 57
CM&SP 4s 89 _ 54*4
Chi A N W 6Vis 36 .. 55*4
ChiANW ref 6s 2037. 32V*
Chi A N W gen os 87_ 47
CAN W 4 *is 49_ 7*4
CAN W4Vas 2037 . 32
C A N W 4Vis 2037 C . 31*4
C R I A P 4 Vis 52_ 28*4
C R 1 A P 4 Vis 60_ 8*/s
C R I A P gen 4s 88 46
Chi R 1 A P ref 4s 34. 26
Chi Un Sta 3Vis 63 _ 102*4
Chi A W Ind 4s 52_100*4
Childs Co 6s 43 _ 50
CCCAStL ref 4*/aS 77. 57
Clev On Term 6*/aS 72 87
Col Sou 4 Vis 80 ___ 37
Col GAE 6s 62 May__ 99*4
ColG&E5s61 __ 96
Com Ed cv db 3*4s 58 112*4
Consum Pwr 3VaS 70. 111*4
Cuba R R 7Vis 46_ 45*4
Cuba R R 6s 52 47*4
Del A Hud ref 4s 43. _ 67
Den A R G 4VaS 36 . 38
Den A R G con 4s 30_ 37
Den A R G W 5s 65 _ 7*4
DenARGW 5s 65 asst 6*4
Den A R G ref 6s 78_ 27
Det Edison 4s 65 _ 112*4
Duquesne Lt 3 Vis 65 . 110*4
Erie gen 4 Vis 2015 E. 57
Erie RR 1 st 4s 95 B 95*4
' Gen Stl Casting 5s49_ 99%
Goodrich BP 4Vis 66 . 106
Great N Ry 4Vis 76 D 93
Great Nor Ry 4s 46 G 103%
Great Nor Ry 4s 46 H 102%
Great Nor Ry 33/is 67 85%
Green Bay & W deb B 13%
Gulf M&O ref 4s 75 B 78
Hudson Coal 5s 62 A 48
Hudson Sc M ref 6s 67 58%
Hudson Sc M Inc 5s 57 26
111 Bell Tel 254s 81___ 102%
111 Cent 3Vis 52_ 55
1 111 Cent 4s 52_ 62%
i 111 Cent 4s 53 _ 58%
111 Cent ref 4s 55_ 57%
| 111 Cent 4%* 66_ 50%
111 Cent ref 5s 55 __ 65%
•ICC StL N O 6s 63 A 55%
j ICC StL N O 4 Vis 63 52%
Int Gt Nor adj 6s 52_ 14%
Int Gt Nor 1st 6s 52 36
Inti Hydro Elec 6s 44 50%
Inti Tel Sc Tel 5s 55 _ 74%
J’town Fr & Cl 4s 59. 59%
Kan C FtS&M 4s 36 . 78
K C S ref Sc inc 6s 50. 77
Kan C Sou 1st 3s 50.. 72%
Laclede Gas 6Vis 63 . 90
Leh Vail Har T 5s 64. 58
LVRR cn 4 Vis2003 st 42%
Leh V RR 4s 2003 std 39%
Lou & Nash 4Vis2003 99%
Lou Sc Nash 3%s 2003 89
Maine Cent gn 4Vis60 55%
Manati Sugar 4s 57 _ 57
Minn Sc StL ref 4s 49_ 5%
MSP&SSM gtd 6s 38 . 24
MSP&SSM con 4s 38. 22%
Mo K & T 6s 62 __ 55%
Mo K & 1 adj os 67__ 34%
Mo K & T 4%S 78 ... 50
Mo K & T 1st 4s 90__ 55
Mo K & T 4s 62 B_ 48%
Mo Pac 5 Vis 49 A_ 10%
Mo Pac 6s 65 A_ 48
Mo Pac 5s 77 F_ 47%
Mo Pac 6s 78 G_ 47%
Mo Pac 6s 80 H_ 47%
Mo Pac 5s 81 I_ 47%
Mo Pac 4s 76 _ 16%
Mor Sc Essx 6s 65_ 47
Mor Sc Esx 4 Vis 55 __ 42%
Mor & Esx 3Vis 2000 48
Natl Dstillers 3Vis 49 102%
New E T&T 1st 5s 62 117
N Y Cent ref 6s 2013 62
NY C ref 4 Vis2013 A 57
N Y Cent con 4s 98 _ 61
N Y Cent 3 Vis 62 . 76%
N Y Cen LSh 3Vis 98 . 67
NYC&SL rf 6 Vis 74 A 88%
N Y Ch & StL 4Vis78 76%
N Y Conn 1st 3VaS 65 102%
N Y Dock 1st 4s 51 71%
N Y Lack & Wn 4s 73 69%
N Y N H & H CT 6s 48 48%
N Y N H & H 4 Vis 67 . 45%
N Y N H & H 4S 56 44
N YO & W ref 4s 92 974
N Y O At W gen 4s 65 4%
N Y W At B 474s 46_ 16
Nor Pac 6s 204? _ 73
Nor Pac 47is 2047 . 58%
Nor Pac gen 3s 2047 47%
Ore Short L gtd 5s 46 110%
Otis Steel 4'/2s 62 A 101
Pac Gas * El 37is 01 111%
Pac T&T rf 3%s 66 B 109%
Paramount Pic 4s 66 10414
Penn Pwr * L 3'is 69 107%
Penna RR deb 4'/2s 70 95
Penna RR 3%s 70.__ 95%
Penna RR 3’/«s 52 96%
Peoria & E 1st 4s 60 . 55%
Peoria & E inc 4s 90* 11%
Pere Mara 1st 6s 56— 84
Pere Mara 4'/is 80 — 72%
Phila Elec 3%s 67 . 111%
Phila At R C&I 6s 49 12%
PhilllpsPetrol l5is 51 108%
Reading 4V2s 97 A_86%
Reading 4'/2s 97 B .. 86
Read Jer Cent 4s 51_. 94%
Ren Steel 5’2s 54_ 105%
Ren Steel 4‘/as 6] . 104
Rio Gr Wn col 4s 49 . 38
StLIM&SR AcG 4s 33 86
St L-S P 5s 50 B_ 32%
St L-S F 4'/as 78_ 32
St L-S P 4s 50 A_ 30
St L S W 5s 62 _ 5974
St L S W ref 5s 90—_ 38%
St L S W 1st 4s 89_ 93
Seabd A L 6s 45 A __ 24%
Seabd A L ref 4s 59— 23%
Sou Pacific 4%s 68 63%
Sou Pacific 4'is 81 —. 60%
Sou Pacific 4'/2s 69 61%
Sou Pacific 374s 46 — 97%
Sou Pac Ore 4V2s 77 . 65%
Sou Pacific SF*T 4s50 . 96
Sou Ry 6 Vis 56 _ 99
Sou Ry gen 6s 56_ 955-4
Sou Ry 5s 94 . — 10054
Sou Ry gen 4s 56 A — 785/4
Studebuker cv 6s 45 — 104%
Texarkana 5*is 50 ._. 91%
Texas Corp'n 3s 65— 106%
Tex At Pac 5s 77 B —_ 8074
Tex At Pac 5s 79 C— 80%
Tex At Pac 6s 80 D 80%
Third Ave adl in 6s60 2474
Third Ave 4s 60 _ 65
Unit CgrWhel S 5s52- #7%
Unit Drug 5s 53 . 100%
Utah Pur At Lt 6s 44 9874
Wabash RR ::en 4s»l_ 48
Wabash RR 4s 71 93%
West 3ho 1st 4s 2361. 58%
West’n Md 5%s 77 — 98
West’n Md 1st 4s 52- 92
West'n Pac 5s 46 A _ 6274
West’n Pac 5s 46 asst 6274
West'n Union 6s 61 — 92
West’n Union 5s 60 90%
West'n Union 4'/2s 50 93
Yastwn S At T 4s 48 102%
Curb Stocks
N. Y. Curb quotations fur
nished by the Associated
Press.
Close.
AevoSupplyiBI .10* 5
Allied Products 2 26%
Alum Co Am pf 16) 111%
Am Cyanamld <B> .60 38%
Am Laundry M 50* 25%
Am Lt As Trac 1.20 16
Am Pot & Chem 1.50e 54%
Am Republics :)5e 9%
Ark Nat Gas (A) 2%
Baldwin Loco war _ 4%
Beech Aircraft lt... 12%
Bliss <EW > (Z) 14%
Brazil Tr Lt At P hie 16%
Breeze Corp 1.60e 9%
Brill pf 61%
Buckeye Pipe L .20* 9%
Bull Nia* As EP Pf ... 14%
Carrier Corp . 11%
Cent Hud GA:EI 14* _ 8
Cessna Aircraft le_ 9
1 Cities Service _ 7%
Cities Service pf . 74
Columb G As E Pf (6) 40%
ConsGELAtP Bo pfC 4 106%
Conti Roller At S .50* 13%
Cooper-Bessemer.50* 12%
Creole Petrolm 50a 21%
Darby Petrolm .25* 13%
! Dayton Rubber .50* 14%
i Duval Tex Sulph .25* 11%
; Eastn GAtP prpt 4.50 57%
; Elec Bond At Share... 4%
Emerson Elec 10*_ 7%
Puller CQA) 2f 13
Glen Alden Coal .40*. 15%
Greenfield TapAsD le 8%
Helena Rubin (A) 1.. 10%
Bumble Oil .375* 77
111 Iowa Pwrpf 025k 33
111 Zinc .65* 14%
Inti Petroleum (hi). 15%
Irvin* Air Chute 1_ 10%
Jacobs Co . 4%
Lake Shore Min h.80. 12%
Lehigh Coal A N .65e 7>/4
Lipton pf 1.50 19V4
Lone Star Gas ,60e__. 874
Long Isld Ltg pf B_2714
Mead Johnson (3a) ... 14114
Mich Sugar pf .30k . 714
Midvale Steel 50g ... 30‘/4
Minn MAM .30g ... 5414
Molybdenum .125g_ 714
Monarch Mach ,75g . _ 20
Mount Prod .60 6‘A
Natl Fuel Gas (1) 1014
Natl Pwr & Lt of (6). 901/4
New Haven Clock_ 614
New Idea. Inc .60_ 1614
NUes-Bem-P ,60g ... 12
Northn States Pwr A 614
Ohio Pwr pf 4.60_113
Pantepec Oil _ 514
Pennroad Corp 25e..
Penn-Cent Airlines.. 11V4
Phoenix Secur _ 16‘/»
Phoen Secur pf f3)_5014
Pitney-Bowes .40_ 7V4
Puget S'd PAL SH of 53V«
Rwy & Lt Sec .log_ 1014
Raymond Cone < 1 a) _ 1614
Republic Aviat 25g _ 4
Royal Typew'r l.oOg 57<4
Salt Dome Oil . 5>4
Seullin Steel 2 1114
Seeman Bros (3)_ 32
Shattuck ,125g_ 314
Sonotone 05g .. 3*4
Std Cap A Seal .25e . 4V*
Stand Steel Sprng2 _ 35V4
Sterchi Bros 30g _ 4
Sterling Alum'm POe. 014
Sullivan Mach .Tog . .. 17
sunray Oil J.0e_ 3V4
Taggart_ 314
Technicolor.. _ 1014
Thew Shovel ,50g_ 21*4
Tilo Roofing ,10g_ 514
Tung-Sol L of 80 ... 814
Unexcelled Mfg .50 .. 314
Unit Atrcr't Prod la. 914
Unit Clgar-Wh Strs 1>4
USA Inti See pf lk . 6#>4
i U 8 Foil (B) 414
! Onlv Corp vtc.__ 1614
Utah Idaho Sue 15*. 2%
Western Air Lines 7%
Wright Harg h.40 3%
Rates of dividends in tne
foregoing table are annual
disbursements based on the
last quarterly or semi-an
nual declaration. Unless
otherwise noted, special or
extra dividends are not in
cluded. a Also extra «f
extras, d Cash or stock,
e Paid last yesr. (Payable
in stock, g Declared or paid
so (ar this year, h Payable
in Canadian funds, k Ac
cumulated dividends paid or
declared this year, ww With
warrants, xw Without war
rants.
Curb Bonds
Close.
Appal El Pwr 3',«s 70. 107%
Assoc G Ac E 5s 50_ 19%
Assoc Q Ar E 6s 08 . _ 19%
Assoc G At E 4 Vis 49. 19%
Blrm Elec 4Vis 68 -- 104%
Can Nor Pwr 6s 63 96%
Cent States El 6 Vis64 33%
Cities Bvc 6s 60 90%
Cities Sv PArL 5 Vi s.i2 90%
Eastern GASP 4s 66A 87
Elec Pwr&Lt St 2030. 99%
Glen Alden C 4s 65 -. 95%
til Pwr Ac Lt 6s 63 A. 106%
Ind Service 5s 50 A .. 83%
Indianap Gas 5s 52.. 112%
La Pow At Lt 5s 67 _ 108%
Midl'd Vail RR 5s 43 . 98%
Natl Pub S 6s 78 cod 25%
New Ena G Ac E 5s 47 98%
New Ent Pwr 6 Vis 64 92
New Enc Pwr 5a 48 _ 91
Phils El Pwr 5Vis 72 . 111%
Sou Cal Ed 3s 65 103%
Std O At E 6a 48 ev st 77%
Starrett Corn 5s 50 30
Tw City RT 5 Vjs52 A 85
West Pa Trae 6s 60 _ 117%
POREION Close.
Maranhao Brat 7» 68. 95
Unfavorable Weather
Expected to Slash
Wheat Production
Forecast Indicates Drop
Of 224,000,000 Bushels;
Reserves Will Be Used
By the Associated Press.
A sharp drop in the Nation's
wheat production from the high 1942
levels was predicted today by the
Agriculture Department as an aft
ermath of unfavorable weather and
retarded work on farms experienc
ing labor shortages.
The winter crop was forecast at
558.551.000 bushels, considered av
erage, but 145.000.000 bushels less
than the 1942 harvest. If the acre
yield for the spring crop equals that
of the winter, as is usual, the com
bined total would be 757.000.000, a
decline of 224,000.000 from last year.
That would be 325.000.000 less than
the amount estimated to be used
in this country during the market
ing season ending July 1.
The 1943 crop, however, will be
supplemented by a reserve of 1,000.
000.000 bushels from previous har
vests. the department said.
Acieage yield for the winter crop
was figured at 14.9 bushels. It was
18.3 last year.
Milk production rose in March
about 1 per cent over the corre
sponding month in 1942 with a total
of 9,750.000,000 pounds.
The report indicated promising
fruit prospects on the West Coast,
in Florida and Texas, but the
Southern States suffered severely
from freezes.
The department reported a rela
tively light peach crop appears in
prospect for 1943 throughout the
most important sections of the 10
early crop Southern States, with
Arkansas and Oklahoma showing
especially light prospects.
Condition of the crop on April 1
in these 10 States was only 48 per
cent of normal.
The department said that in the
Carolinas and Georgia February and j
March freezes damaged peach buds j
rather generally.
Closing Chicago Grain
CHICAGO. April 10 0-F-.—An upturn of
more than a cent in rye. reflecting a sharp
lv higher market at Winnipeg, paced ad- j
vances in all grains today. Trade reports
said some of the heavy rye stocks were
going into mixed livestock feed.
Wheat gained on an overnight Govern
ment crop report which showed a substan
tial reduction in estimates on 1947 winter
wheat production. Oats strengthened on
reports corn ceilings will be raised and
the maize grain was bid at ceilings.
Wheat close %-l% higher. May 1.42%-’
%• July 1 .42%-%; corn was unchanged at
ceilings. May 1.01; oats advanced %-%
and rye spurted %-l%.
WHEAT—Open. Hish. Low Close
May 1.42% 1.42% 1.42% 1 .42,%-%
Juiy 1.42 1.42% 1.42 1.42%-%
September 1.47 1.47% 1.42% 1.47%=%
December 1.45 1.45% 1.44% 1.45%
CORN—
May 1.01 _ . . _ 1.01
July 1.07 _ _ 1.07
September 1 05 _ __ ] 05
December 1.01 _ . _j!oL
OATS—
May .61 % .62% .61 % .62%
July .60 .60% .59% .60%
September .59% .60% .59.% 60%
December _ .60% .61% .60% .61 %
RYE—
May .80% .si% .80% .81%
July .84 .84% .873 4 84%.%
September .85% .86% 85% 86%
December .88% .89% .88% .89%
Chicago Cash Market.
No wheat. Corn. No. 4 yellow. 99.
Oats. No. *2 white. 66%; No. 4. 64; sample
grade. 64% Barley, malting. 90-1.07,
nominal: hard. 87-95. nominal, feed. 86
90. nominal. Soybeans. No. 4 yellow.
1.61-1.07%. Field seed, per hundred-,
weight, nominal, timothy. 4.75-5.00; al- 1
, sike. 21.00-26.no; fancy red top. 7.25-75;
red clover. 20.00-25.00: sweet clover, 7.50
9.50; alfalfa. 72.50-79.00.
Chicago Livestock
CHICAGO. April 3 0 UPi.—Salablp rattle.
2,10: total. 200: compared Friday last
week, after selling higher early in week,
fed steers and yearlings reacted closing
with advance los' and as much as 25 lower
than late last w’eek on good to average
choice cattle; top at 17.85. a new high,
but choice to prime steers shared late
downturn: medium to good grades pre
dominated: next highest price after 17.85
was 17.80: long yearlings. 17.75: heifer
yearlings. 17.15: bulk steers and yearlings.
14.80-1 7.25. average price all ‘ grades
reaching 16.00 on Tuesday: good and
choice heifers. 15-25 higher, but common
and medium grades. 25 lower: bulk fed
heifers. 14.00-16.25: good grade beef
cows weak to 25 lower: all others 25-75
down, with light canners showing most
decline: bulls weak on weighty offerings,
but 25-50 lower on light bulls: extreme
outside weighty sausage offerings. 14.75,
mostly 14.60_ down late: vealers held
steady at 15.50 down: stock cattle steady
to strong, with bulk medium to good
stockers at 17.50-15.50: choice Southwest
light yearlings and stock calves. 16.00
1 , oo. yearlings reaching 16.00 and calves
in load lots 17.70: short load, 17.75.
Salable sheep. 2.500: total 4.500; com
pared Friday last week, fat lambs steady
to 15 higher, spots up more: weeks top
fed Western wooled lambs. 16.00; closing
bulk. 16.25-16.50: week's bulk. 15.9o
16.50; few natives as high as 16.25: fed
Western clipped lambs with No. 1 and 2
skins, 15.10-15,60; less than deck-lots
with No. 1 skins and fall shorn. 15.85
16.00; sheep steady to stronger. Rood and
choice slaughter ewes. 8.25-9.50, mostly
9 00-9.50: 87-89 pound shearing lambs,
15.65-1 5.85.
Salable hogs. 700: total. 6.700; strictly
nominal market, on good and choice hoes
because of meager supplies: undertone
sharply lower on all offerings: shippers took
none: compared week ago. Rood and choice
barrows and gilts, 20-75 lower; sows,
20-25 off.
Baltimore Stocks
Special Dispatch td The Star.
BALTIMORE. April 10.
Sales^ STOCKS. Hich. Low Close,
n Arundel Corp 17% 17% 17%
loon Malt Trans 1 75 1.70 1.75
JouBal Trans pfd 10*2 io,2 10*4
IKMtVWd Mills 2.10 2.10 2.10
1 o Ft Ver Mis pfd S3 S3 S3
20 U S Fid &: Gu 3L% 31% 31%
BONDS.
$4000 Bal Tran 5s B 60 60 60
Foreign Exchange
NEW YORK. April 10 f/P).—Closing for
eign exchange rates follow (Great Britain
in dollars, ethers in cents):
Canada—Official Canadian Control Board
rates for United States dollars: Buying, lo
per cent premium; selling, 11 per cent, pre
mium; equivalent to discounts on Canadian
dollars in New York of. buying. 9.PI per
cent: selling. 0.no per cent. Canadian dol
lar in New York open market. 9% per rent
discount or 90.12% United States cents, off
i« cent.
Europe—Great Britain, official (Bankers'
Foreign Exchange Committee rates): Buy
ing. 4.02: selling. 4.04.
Latin America—Argentina, official. 29.77; I
free, 24.18, up 3-100 cent; Brazil, official.
6.05n: free, 5.20n; Mexico. 20.66n.
Rates in spot cables unless otherwise In- ;
dicated. n Nominal.
Do you Ionic to commit the perfect :
crime? Murder the Axis by invest
ing in War bonds.
Many Stocks Ease
Further Despite
Few Recoveries
Selected Rails and
Industrials Attract
Occasional Bids
By VICTOR EUBANK.
Associated Press Financial Writer.
NEW YORK, April 10.—The stock
market regained a portion of its
equilibrium today, with occasional
bids for selected rails and indus
trials appearing, but many leaders
continued in the minus column.
Few expected any sharp rebound
in the wake of Friday’s worst break
in nearly three years, although the
opinion was expressed that perhaps
the relapse, attributed mainly to the
President’s announcement of a new
anti-inflation drive, might really
have been a healthy technical cor
rection of the 12-month rally.
Notwithstanding the Friday tum
ble, which resulted in the liquidation
of assorted accounts in the specu
lative category, it w’as not over
looked that the Associated Press 60
stock average still was about 15
points above the bottom of a year
ago while the 30-industrial index re
tained around 20 points of its up
swing.
Plans for the immediate estab
lishment of price ceilings on most
foods and consumers goods seemed
a trifle confusing to trend observers
but the war news was helpful,
Improvements for favorites at the
start of today's brief proceedings
ran to small fractions generally.
There were isolated advances of a
point or so. While top quotations
failed to hold in some cases, carriers
stepped up and finished near their
peaks.
Dealings were fast and slow at in
tervals but turnover of around
1.000.000 shares was one of the best
for Saturday since early 1940.
Bonds were shaky.
I Business Briefs \
A New Power Production Record
was set by subsidiaries of American
Gas & Electric Co. during 1942 and
customers reached a new all-time
peak, but effects of these gains on
earnings were more than offset bv
increased taxes. The big utilities
system earned *11,616.925 or *2.21 a
share, against *13,887.905 or *2.72 a
share in 1941. Additional steam
generating capacity totaling 205.000
kilowatts was added in 1942 and
another 190.000 will be added by late
1943 or early 1944.
Gulf Oil Co. announced comple
tion of a new catalytic refining unit
at Port Arthur, Tex., to produce
100-octane aviation gasoline. Other
projects are to be constructed. Com
pany has spent about *15.000.000 on
aviation gasoline facilities at Port
Arthur. The entire production is
going to the armed forces.
Industrial Rayon Corp. earned
*439.937 in the first quarter, against
*652.283 in the same 1942 period
Ford Motor Co. of Canada, Ltd.,
earned *3.684,158 or *2.22 a share in
1942, against *3.279.604 or *1.97 a
share in 1941. Totals were stated in
Canadian currency. Provision for
Canadian taxes in 1942 was *5.500.
000, compared with *2,110,000 in
| 1941.
St. Regis Paper Co. reported first
quarter business was down about
25%, because its Tacoma pulp mill
had been closed and other output
cuttailed by Government order.
Three divisional executives, C. R.
Mahaney, H. F. Ford and W. Delong
were elected to the board. Paper
bag factories were reported running
at a high rate to meet demand
developing from shortages of other
types of packages.
Houston Gulf Gas Co., has been
authorized by the SEC to issue and
sell two promissory notes in the
amounts of *600.000 and *1.500.000.
Both to be drawn to the First Na
tional Banks of Boston, the first,
will be used to improve a Texas
gas transmission line for sale to
Defense Plant Corp. for *2.625.000,
while the second will be used to pay
off the balance of an older note to
the Boston bank.
eastern Shore Public Service Co.
of Maryland has filed application
with the SEC to redeem $100,000 of
its outstanding $3,692,500 first mort
gage bonds at par plus accrued in
terest. The bonds are owned bv
Eastern Shore Public Service Co. of
Delaware and pledged by that cor
poration to secure its first mort
gage lien bonds.
Liquidation and dissolution of
American States Utilities Corp. of
Maryland has been ordered bv the
SEC. Company’s three subsidiaries
were ordered to submit a plan for
compliance with simplification pro
visions of the Holding Company
Act.
Twentieth Century - Fox Film
Corp. has appointed Murray Silver
stone vice president in charge of
foreign distribution, effective next
Monday.
Drain on Rubber Stocks
Medium tanks require 500 pounds
of rubber, while large bombers need
more than 1,200 pounds.
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