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C.&P. Telephone Co.i Reports May income Ahead of Year Ago By Edward C. Stone Net income of the Chesapeake & Potomac Telephone Co. in May to taled $277,535. before interest andj dividends, against $251,864 a yearj ago. an increase of $25,671, the re-1 port filed today with the Public Utilities Commission revealed. Net income in the first five i months of the year amounted to1 $1,251,790, compared with $1,265,031 in the like 1945 period, a decrease! of $13,241, the figure being before j Interest and dividends. Revenues in May showed an in crease of $91,195 over May of last year, while expenses increased by $272,842. Operating taxes for May totaled $276,738 against a much higher total of $478,870 a vear ago. Insurance in Sharp Rise. Life insurance owned by Amer ican families reached an estimated S163,060,000,000 in the first half year and an increase of $8,000,000,000 ; since January, the Institute of Life , Insurance reported today. The present total of life insur- [ a nee protection represents an in crease of almost $40,000,000,000 in the amount owned before the war, Holgar J Johnson, institute presi-i dent, said. Purchases of new life insurance! so far this year are nearly half! again as large as in the first half of 1945, Mr. Johnson said in a re port from New York headquarters. Three D. C. Bankers Retire. Two Washington banks have lost the daily service of three very ca pable bankers, who have just retired. George O. Vass, vice president of the Riggs National, carried out his plan to retire at the end of June, and F. G. Burroughs, an assistant vice president at Riggs, also retired. Both these men had brilliant records, i Mr. Vass will keep in close touch j with the bank, as he remains on the j Board of Directors. E. C. Graham, chairman of the 'board of the Hamilton National, i who has played a remarkable part { in that bank s organization and j growth, will remain on the board, j but is giving up active banking and I wide responsibility. Bank System Starts 15th Year. The Federal Home Loan Bank' System is starting on its 15th year ' with resources of more than $9,000,-; 000.00C, Gov. Harold Lee stated to day. This is an tncerase of $1,500,-;, 000.000 during the past year. The i system now embraces 3,658 savings;' and loan associations, 25 mutual ! savings banks and 14 insurance,! companies. The Citizens' Bank of Riverdale.ji which opened a branch office in |1 Bladensburg today, has assets of : $5,000,000. Alfred H. Smith is pres ident and Max Vollberg. chairman 1 of the board. J. S. Caldwell and ■ G. P. Bickford are vice presidents: : J B Watersm, jr., cashier, and York Hollingsworth, assistant cashier. J. P. Johnson, general manager of the Terminal Refrigerating & Warehousing Corp., entertained a large number of patrons at a bar beque at his home in Brentwood, Md., Saturday afternoon. There was no beef shortage. Wickliffe Shreve, for 11 years with Lehman Bros., has become a part ner in Hayden. Stone & Co. A natice of Mississippi, he attended George Washington University. Business Briefs Steel Mill Operations for tne cur rent week were scheduled at 87.2 per cent of capacity, indicating 1 production of 1,536.800 tons—Ameri-j can Iron & Steel Institute. Figures last week were the same; a month! ago, 55.2 per cent and 972,800 tons; ! a year ago, 88.1 per cent and 1,-1 613,700. A Few Chiselers will try to make I the most of the end of controls, but j ' here will be no general skyrocket- j ing of commodity costs, predicted j President Emil Schram of the New i York Stock Exchange. Competition [ will take care of the situation, he j said. New Securities Marketed Today included: 149,121 shares of Willys-j Overland Motors $4.50 cumulative convertible preferred stock at 100; j 75.767 shares of General Cable Corp 4'c cumulative first preferred stock and the same number of second pre ferred shares at 100 and 50, respec-. lively; $5,000,000 of V", emergency! housing bonds of the New York City Housing authority, due 1948 to 1952. Portsmouth Steel Corp. took over the Wheeling Steel Corp. plant at Portsmouth. Ohio, upon payment of •'12,000,000 by Cyrus Eaton and as sociates to Wheeling Steel. Commonwealth Aviation Corp. legistered with the SEC 150.000 •hares of 4!i'„ cumulative conver tible preferred stock and 300,000 common shares for public offering at 12 and 7, respectively. International Paper Co. register ed 27,500 common shares to be dis tributed in acquisition of Scharff Noken. Inc., of St. Louis. Yonkers Electric Light A Power Co. registered $9,000,000 of deben tures, due 1976. for sale at competi t ive bidding to finance redemption' of 3'tfl- debentures at 102. United Shoe Machinery Corp ; earned $7,589,991 or $3.12 a share in 12 months ended February 20 vs. $7, 603.536 or $3.13 in the previous year., Spicer Mfg. Corp. profit for nine months ended Mav 31 was $4,756 vs. $1,910,659 in the same period a year ago. Sterling, Inc,, net for five months ended May 31 was $480,721 or 86 cents vs. $93,735 or 26 cents in the same 1945 period. Wayne Pump Co. earned $297,396 or $1.03 in six months ended May 31 vs. $223,423 or 77 cents a year ago. Jewel Tea Co. sales for four weeks ended June 15 totaled $5,992,224. a lump of 35.7% from a year ago; for 24 weeks ended the same date, $34, 815,059, an increase of 27.6%. Group Securities. Inc., reported net assets on May 31 totaled $117, 038.152, a gain of 41% in six months and 85% in 11 months. Cleveland Trust Co. increased sur plus to $15,000,000 and total capital funds to more than $51,000,000 by transfer of $1,200,000 from unusued reserves. R. Hoe 4 Co. directors rejected a reorganization plan proposed by T. C. McCune, a board member. Radio Corp. has opened a plant at Chicago for the manufacture of auto radios. A. O. Smith Corp. expects to pro duce more than 250,000 gas and electric water heaters a year in a plant being constructed at Kanka kee, 111. Allegheny Ludlum Steel Corp. has licensed Darwins, Ltd., large Brit ish producer, for the manufacture of high temperature alloys. Westinghouse Electric Corp. raised prices of incandescent lamps of 60 w'atts or less 1 cent each. N. Y. STOCK EXCHANGE (furnished by the Associated Sales— Stock and Add Dividend Rate, ou High. Low AEBOTT Ll.tiOa 3 71% 71% • Abbott Lab pi 4 50 112% 112 r Abr&Straus.‘P2 10 142 142 A C F-Brlll Mot 6 1 5% Acme Steel 90e 4 Adams Exp 20e 16 Admiral Cp 1 «e 10 Air Reductionla 11 Aldens Inc 1 20 3 Alaska Juneau 18 Alleghany Corp 52 Alleghany Cp pf 4 Alleg LudlumS 2 36 'Alleg & West f) Allen Indust 3«g Press.) 50 21% 161/8 547/0 427b 8% 6*4 635/b 60 Allied Chem 0 Allied Kid 1 Allied Mills le 4 Allied Stores 2 144 Allis-ChMfgl .60 16 Amalg Leather. 12 Amerada Pet 2 11 Am Ag ChD 80e 3 Am Airlines 112 60 111 3 241/i 3 206 2 25 Am Bank Nt la tAm Bnk N pf 3 Am Brake Sh 1 a Am Cable&Rad Am Can 3 Am Car &Fd 3g Am Ch&Cbl 1.40 tAm Chicle 4a 373/4 5230 57*/0 103/8 81% 51 163/, 41% 87 63 »/4 12Va 13 101% 100% 8 71 Vi 70% 4 34 33% 190 159 157 3 30 3 34 15 49% 21% 15 54% 42 8% 6% 62% 57 111 241/4 204 25 37 50*/4 56 Vi 10 81 50 153,4 41 86 62 117b 4 16 8 2 42 13 4 24 Am Crystal Sug Am Distillers 2a Am Encaustic . Am Europ 44e Am Export L Am & Frn Pwr . Am Hawaii S 3 Am Hide&Leath AmHomeP2.40a Am Interntl .2<)e Am Locoml 40a Am MchArFd *0 Am Mch&Met 1 Am Metal 1 AmMciasses.OOa Am News V2e Am Power & Lt AmP&L S?G pf3k AmP&LS5pf2 V^k Am Rad&Sn .40 108 Am RollMillVae 144 273/4 68 9% 23 23 101/4 4934 10 28% 69% 93/4 231/2 24i/b 103/4 50% 11 7 1213/4 121 4 155/0 15 39 3434 221/4 411/2 17% 46% 201/4 373/4 34 21% 40% 17% 453/4 19% 4 124 122 6111% 111 21% 21 403/8 391/4 +Am RM pf 4la 120 106% 105% Am Safety Rz 2_ 7 603/i 593/4 Am Seating 1 2 29% 283/i tAmShipBldg 2e220 50% 50 Am Smelt&R 2a 21 69 67% 21 19 22 28 tAm S&R pi 7 Am Snuff 2 . .. Am Stl Pound 2. Am Stores 1 Am Stove 1.20 Am Sugar Ref2e Am Sum Tob 1 a Am Tel <te Tel 0 _ Am Tobacco 3a Am Tobac B 3a Am Viscose 2 Am Water Wks Am Woolen Am Wool pf.33.4k Am Zinc .1 Or Anaconda 2*2 117 Anch H Gl* .OOe 2 Anderson Cl 60 35 And Prich O 1 2e 9 A P W Products 9 Armour & Co 396 Armour pr pfSk ArmstrongCk ia Artloom Cd .40 Assd Dry Goods tAsso DG 2nd 7 A T F Inc %e Atl Coast Line 4 Atl Refining 112 tAtlRcf pfB3 60 Atle.i Corp V2 t AtlasPwdr 1 %e810 Atlas Tack 3 e Austin Nichols *AusNicprAl J,k Autocar Co 2f Aviation Cp ) Oe A\'iation pf 214 30 188% 187% 5 45 44% 13 463/e 46 5 38 36% 9 34% 33% 4 54 53 2 60 58% 39 198% 198 2 93*V* 93% 96 67 26% 65 3 175 23 13 50 58% 63 24% 8% 17% 3 136 4 59 4 25% 18 30% 20 146 17 265 a 5 81% 17 48 90 108% 1071/a 11 29 28% 79 77 2 32% 32 9 24% 23% 60 152 152 4 33Ve 32% 80 10% 10% 4 61% 61 95 65% 255-e 63% 173% 12% 48% 58V2 61% 24% 8% 17 135 57% 25 28% 145 26% 79% 47% Close 71% 112 142 15 49% 21% 15 54% 42 Sib 6% 62% 57 111 24% 206 25 371/2 50% 56% 10 81 51 16% 41 86 62 11% 1005/0 70% 33% 157 27% 68% 95/0 23% 23% 10% 49% 10% 121% 15 37% 34% 21% 40% 17% 45% 19% 123% 111% 21 39% 106% 59% 29% 50% 67% 1881/2 44% 46% 37 34% 53% 60 198% 93% 95% 65% 25% 63% 175 12% 48% 58% 62 24% 8% 17 135 57% 25% 28% 145 26% 79% 48 108% 28% 78 32% 23% 152 33% 10% 61 Net chge + 1 •4-7 4- % +1 + % + % -2% +4 - % +3 4- % 4- % - % - % + 1 4-l*/e 4- % 4-1 -1 +1% 4- % - % -1 +1% + 1% 4- % 4-1 - Vo 4- % 4- % + % + 1 - % -1 - % 4- % 4- % 4- % - % + 1% 4-1% - % - % + Vs + % 4-1% 4-1% 4- % 4- % 4-1 4-1% 4- % 4-1 4- l a 4-1 4- % 4- % - % 4-lie 4-1% % 4-1 4- % 4- %j 4- lb j -4-1 I -1 - */8 4-1%; 4-2 1 4- %i =1* 4- «/•! 4- % 1 4-4% i. 4- %! 4-1 BALD LOCO Vtt Balt & Ohio . Barber Asphlt 1 Barker Bros 1 a Barnsdall .80 _ Bath Iron Wk 4 TBeatFood pf-tU BeechAircrft Ik Belding Hm M). Bell Aircraft 1 p Bell & Howell ** Bendix Aviat 1 e Beneficial 1.20a Best & Co J .60 BestFoods 1 I tie Beth Steel 6 Bigelow-Sanf *2 Blaw-Knox .60a Bliss E W Bliss E W of 2'4 Bliss&Lao* i y2e Boeing Airp le Bohn Alu&Br 2e +Bon Ami A 4 Bond Store 1 40 Borden Co 1 e Borg-Warn 1.60 Boston & Me Bower R Bear 1 e Braniff Air .60 Bridgept Brs .60 Briggs Manufg 2 Bristol-Myr 95e Brown Shoe 1.20 Brunswk-Balk 1 Bucyrus-Er 30e Budd Co Budd Co rts Buff Forg 1.80 Bullard Co 2 BulovaWatch 2a Burling Mills 2 Burr Add M 60 Bush Term 35e Butler Bros ,.*»f>e Butte Cp&Z 1 «e Byers AM Co1 «& +Byers A M pf 7 Byron Jack 3 a 28 44 7 6 25 9 370 5 9 4 4 22 4 7 12 35 3 2Q> 14 2 3 17 2 10 32 24 4 2 3 6 18 10 6 1 8 72 125 850 1 5 2 14 45 7 6 18 9 10 2 337* 281 4 59»* 38** 30 29V4 1181 4 23 25l 4 26 3034 49*4 3 2 Vs 44 303/4 113>/i 75V* 295/* 323/4 57 39i/i 27 63 110i* 44 54i/2 58i 4 83/i 57i/i 27 10i* 501* 57 431* 33 25’ 4 183/4 V* 36> 4 43 53 54 213/® 12V* 35 81/4 31 109 36 325-8 271* 58 373,4 291* 29 117i 4 23 245e 253/4 303/. 48i* 32 43 30 1103/4 75 29 32i 4 563/4 39 26>4 62 1101* 43 53 57 83/® 56i* 26i* 18i/e 491* 56i* •431/0 32i 4 233* 18» 4 3/e 36i-4 423/4 52** 53 207s 121/4 341* 8 30 109 36 325/0 27i* 58 381* 293/4 2914 118i 4 23 25 2534 303/a 48Vi 32»* 43 301* 110*4 75i* 29 32» 4 563/4 39 2614 62 1101* 43 53 57 83/e 57i* 263/4 18»* 49i* 56i* 431/8 32*4 241* 18> 4 3. 36' 4 43 521* 5 3 207e 1214 3474 8 30‘* 109 36 - 1.4 I - V«i +11*! +1 + 11*! + 1* + »* - ‘4 + Ve + 3* + >/• + 1 + V8 -11/4 + 11* + 1* + 7/a - 34 - 1* + 1.4 + i* -1 - 1* - !* + *• + 5/jj + 1* - 1* + 11* + >/4 + 7* + 1' 4 CAL PACK 11 2 6 Callahan Zinc *6 Calumet A Hcc 57 Campbell Wy1 -e 3 Can Dry G A 1 2 TCan Dry pf 414 60 tcan Southn 20 Canadn Pac %e 82 ; Cannon Mills ‘Z 3 Cap Adm A 40g 10 ; *Caro Cl&Oh ?, 10 | Carpenters 1%e 1 Carrier Corp 14 CairierCorp pf'2 15 Carriers&G .20a 6 Case(JI)C 1.60e 14 Caterpillr Tr 3 11 iCelanese Corp :: 11 I *Celanese pf 7 60 j Celotex Corp *23140 CentAguirre 1 * i 13 ! Cent Foundry 19 iCen H G&E 6 | tcent. Ill L pf4 1 a 10 CentViolSugl1 *e 3 Cerro de Pas 1 p 10 ! Certain-teed.15e 49 Ches & Ohio 3b 21 i Chi & East 111 5 Chi & EIJ1 Ale 6 Chi Great West 6 ! Chi Grt. West pi 4 i Chi M SP&Pac 25 ChiMSP&P pf5e 10 ! Chi Pneu Tool 5 Chi Yello Cab I 1 Chickasha 1. 4 44 44 + %: 5% 5% + % 9?-. 10 + %| 36 36 + Ve 51% 51% 4-2 Vt 136% 137 + 2 55 55 19 vi 19% 72 72 +1 I81/2 18 Vi + Vi 133% 1333* - % 59% 59% + % 29‘/i 29% + Vi 37% 58% + H 10% 10 Vs + V# 32% 53 + % 77% 78 + % 71 71 - 3/4 158% 158% +U/8 343* 343/4 + 3* 253/4 253*+ 1/4 16% 16% + Vt 11% 11 Vi + % 111% 111% + % 37% 37% + % 45 45 - % 24*e 25 63% 63* 8 - % 113/. 11% 183* 183* - % 12% 12% - % 22 22 27 27 - % 62% 62% -1% 31% 31%+ 3* 21 21 + Vi 22 22 +1 44% 53* 10% 363* 51% 137 55 20% 723* 183* 1333* 59% 29% 5834 103* 533* 78 723* 159% 35% 26% 163* 11% 111% 37% 47 25% 64% 11% 19 12% 22% 28 64% 32 21 22% unnasuo* •Chile Cop 2a Chrysler Corp .2 C I T Finance 2 Cin Mill M .:0e City Ice&F 1.60 City Invest City Stores 1 Clev Graph B 2 Climax Mol 1 20 Clinton Indust 1 Cluett-Pebody 2 Coca Cola .°»a Colgate Pm-P 1 a Collins & Aik 1 a tCollins&A pf 5 ColFuclA'Ir :;or Col Fuel&Ir pf 1 Colum Br A 80e Col Gas&El 20e fCol G Sc E pf 5 Columbia Piet Colm Carbl .40a Cornel Credit 2 tComl Cr pf.'J 00 ComclSolvn.OOa Comwl Edis 1.40 Comwl & South 467 Com&SopfOUk 16 Congoleum-N la ConsCopper.lOe Cons Edisn 1 60 Cons Edisn pf 5 Cons Laundry 1 Cons Nat Gasl a Cons RRCuba pf Cons Vultee 2 tConsumP pf4,?190 Cont Bakine Vae 27 Cont Can 1 Cont Diam Fib 3 55 42 4 2 12 5 6 ContInsurnce 2 Cont Mot .35e Cont Oil D1 1 60 Cort Steel 40e Cooper-Bess Copperw 8tl.80 Corn Prod 2.60 tCorn Prod pf 7 CornellD El 80 Corning Gls V4e Coty Inc 20e Coty lnternatl. Crane Co 1 a Crosley Corp 1 Crown Cork \ f Crown Zeli 80e Crown Z $4 pf 4 Crucible Stl 22 Crucible Stl pf 5 Cuban-A Su« 34e Cudahy Pk 1.20 xl5 Curtis Publish. tCurtis Pub pf Curtis P prpf 3a Curtiss-Wright Curt-Wright A 10*4 46 131 55*/e 37 Vi 35 16 Vi 35 69 3 5 Vi 3450 573* 180 52% 61 111% 18% 211/a 37% 12% 105% 31% 40% 56% 121 29% 36 5% 125 373/4 9% 34 107 19% 54% 35 25% 113% 19% 49% 15% 553* 18% 47% 23% 26% 20% 66% 205 22% 373* 113* 53* 48% 30 523* 35% 132 53% 115 26% 59 19 142 743* 8 21 9*4 45% 128 54% 365/a 34% 15% 33% 69 35 33% 57 179 52 6034, 111 17% 20% 37 12% 105% 30% 40 55% 121 29 353* 5% 1243* 363/4 9% 33% 106% 19% 53% 34% 245/e 112 185/e 48% 15 55% 18 46’ 2: % 26 193* 645/e 202% 21% 37% 11% 55* 48 30 52 35 132 52% 115 255* 57 18 140 74% 75* 201* 45% +1 1283*+ % 55% + % 36% — Vi 341* - % 155* 33% + % 69 +li/2 35 + % 34% 57% +1% 179 +1 52%+ 3* 61 + % 111% + % 17%+ % 20%+ 3* 373*+ 3/b 12V* + % 105% - % 30% + 3/0 40 56% - % 121 + 3* 29% - % 353* - % 5% 1243* 363* _ % 9% + % 33% 106% -1 19% + % 53% 34%- 3* 24S/e+ 1* 113% +1% 18% — % 49%+ % 15 + % 553* 18 + 3* 47 +1% 23 + 26 - % 193* - % 645/0 - I* 205 +2% 21% - % 37% - % 11% + % 55/b + % 48 + 30 52 35 132 % + 1% 4- % + 3* 52%+ »/, 115 -!• % 253*+ M 58% +2M 18 - * 140 74% 73*+ M 20% + M DAVEGA ST.80c Davison Chem 1 Dayton Rub.40e Deere & Co 1 VVg Del & Hudson 4 Del Lack & Wn Det Edison 1.20 Diam Match 1 % Diam Mch pf l % Diam T Mot 1 a Din Cp-Sgrra 1 20 6 11 1 17 7 4 1 7 120 29 29% 32% 55 453* 12% 273* 44% 483* 29% 24% 283* 27% 32 541* 453* 12 273* 44 483* 283* 233* 29 +2 27% - % 32 543*+ % 453*- % 12 - % 273* 44% +1 483* + 3* 283* + % 24%+ % Sales Stock and Add Dividend Rate. 00 Dixie Cup Ue Doehler-Jarvs 1 Dome Min hi.20 Douglas Aire 5e Dow Chemical 3 Dresser Indust Dunhill Internaf Du Pont 3e Du Pont pt IV2 'Duq Light pf 5 DWG Cigar 20 e High 50V% 3614 24*/% 86V4 182 26^ 33»/% 216>/% 1311/4 114?% 18 Net Low. Close, chge. 50 +1 36»/4 +11/4 24i/% + s.fe 86 - Vi 180 - 3/4 26 4 33V% - 212i/% 21334 131 131 1141/% 11^ + 7% 18 18 50 35% 24V. 86 180 26 33i/% V4 Vi -lVi EAGLE-PIC.40e East Air Lines1/* EastmanKdk da 'East.mn K pf 6 Eaton Manufg 3 Ed is Bro Strs 1 fEdis Br pf 4'4 Ekco Prod GOe Elastic Stop Nut El Auto-Lite 3.. El Boat la Ei & M Ind .08e El Power & Lt El PAL 56 pf 3k El P&L$7Df3V2k El Paso NO 2 40 Emerson El M _ Emrsn R<kP.GOa Engineer Pub S 'Eng P S 55 Df 6 'Eng P S pf 6 Sauit Office B • 8 277% 27V% 27*,% 26 27»/4 261/% 26i/% 5 240 240 240 90 203 200»/% 20v* 3 62 62 62 * 373/4 36V% 373/4 90 1081% 108i/% 108i/% 3 461/a 46 46 10 121/% 12*4 123/b 7 71 70>/4 70i/% 3 34?% 341/4 34i,i 4 5*/e 5*/% 5*e 51 28i/% 271/4 271/4 4 161 1591/% 160 2 176»/% 176Vb 176i/% 4 61 60 60 23 2 3 223/g 223/% 11 34 32*/e 331.4 10 37i/% 36 36V4 1 106 106 106 30 110 110 110 347 27* 23/, 25/fe Erie R R 1 . 32 18 17 17 Erie R R pf A 5 1 78* i 78»/i 78»4 Eureka Wms Vie 10 18»,4 17?% 177% EvansProdurf »% 1 30V% 30V% 30»/% Evershrp 1 .20a. 14 501.4 49*4 50 Ex-Oell-O 2 60 5 59*4 5Q*A 58»4 Exeh-Buffet.60 2 10V% 10i/% 10*4 + 34 - V% 4 4 Vi +3 4- »4 41«% + 1»4 4 *% »-13/% + 1 - 1/4 4 Vs - ’4 41 41 - s/e 4 V% - 1/4 Vi 34 34 3/% 34 Vi »/% i/% *4 - V FAIRBANKS la 1 Fajardo Sug Vie 5 Farnsworth 19 'Fed Lt&Tr of 8 AO : Fed Mnr&Sm 3 1 Fed Mot Tr 40a 7 Federal DS 1 Vac 14 'Fed D S Of «‘/4- l: Ferro Enamel 1 - 5 Fid Phoenx F 7a 4 Firestone T 1 Vie 14 First Nat Strata 3 FirttuCarpt ,30e 20 Flint*ote 30e 42 Florence Stove 2 1 Florida Pw ,40e 26 Flcrsheim n.40e. 2 Pollansbeo S»i 5 'Follansbee 8 Df 180 : Food Fair St 40 21 Food Mach ,80e. 1 Foster Whir la 8 Francisco Shear 1 FreenortSul 2‘A 6 Froedt G At M Vi 5 FruehaufTra tie 18 tFruehauf T nf4l70 GABRIEL ,70e 3 1414, Gair Robert-30* 36 11 GalrRpfl.20 . 4 2004 Galvin Mfg .30. 5 l9'/« lardner-Den 1 3 25 Gar Wcrod Ind _ 26 14'« Gar Wood pf2Vi 7 60 Gaylord Cont, 1. 18 21J/» 3enAmInv3.0fig 39. 2lJ/« Gen A Trns 2>/i. * 6674 Gen Bakin* .80. 28 13V4 tGen Bkg pf 8 ._ 1 196 1 Gen Bronze.80. 3 24 Gen Cable_ 15 12’% Gen Cable A 6 5014 tGen Cbl pf3Vik 230 164 1 Gen cigar la 1 36>A Gen Cigar pf 7 30 17514 1 Gen Elec 1.60 83 48'« Gen Poodsl.OOa 23 53 Jen Mills t V4 8 4574 Gen Mills pf3Vi 1 liS>4 1 Gen Motor l’ie 118 73V4 3en Motor pf 6 _ 1130 1 Gen Out Avt Vie 11 26 Gen Precision 1. 4 31^ Gen Public Svc. 27 6 Gen Public Ctll 24 2174 GenRySign 1 Vie 1 43 tGen Ry Sig pf6 50 146 1 Gen RealtyAtDt 52 9 GenRefract ,40e 7 35 Gen Shoe 60e _ 2 40Ve Gen Telohnl.fiO 10 46 Gen Time In la 5 39 Gen Tire & R 1 17 56 tGen T&R pf4%240 109 Gillette Saf R 2. 12 39Va Gimbel Br StOe 40 61V» Glidden Co 1.60 11 57V, Goebel Brew 20 22 7V» fGold Stk Tel 8 . 10 13374 : Goodall San 1 Vi 6 44 GoodrlchBFl'ae 20 78V4 ><4 %| V* ! 19 Goodrich pi 5 _ Goodyear 1 Vie.. Goodyear pf 6 . Goth Hosiery 1 . 2 Graham-PslKe 178 Granby Cons M 11 GrandUnion.70e 1 Granite Citv Stl fc Grant (WT).t3«5e l Gt No I O ctl Vag * Gt Nor Ry pf 3 9 Gt Wst Sub 1 20 12 *Gt Ws Su* pf 7 Green H L 3a Greyhound 1.40 Gruman AlrlVie 13 Guantanamos* 10 Gulf Oil la.__ 18 80 174 4 90 18 485, HACKENSK1 14 1 tHanna of 4V« _ 10 Harb-Walker 1 10 HartSh&M 1.60 x * Hareslndust M,a 6 Haves Manufa 19 tHasel-Atias 6a 3«0 Hecht Co 1 60 2 Hercules Mot 1 5 Hercules Pdr V»e 6 tHershChcvpI4a JO Hewitt Robins 1 5 Holland Furn . 7 Homestake 60e 7 Foud-Hersney 13 HouseholdFl 60 2 HoustL&P 3.60, 3 Houston 011 30 Howe Sound.ROe 2 Hudson Mot 40 51 Hunt Foods _ 15 Hupp Corp 63 IDAHO PR 160 7 111 Central _ 23 111 Terminal RR 12 Indpls P-L 1.5(1 i 7 Industrl El Mea 6 Indust Ray l1/% 11 Inaersol-Rand 6 1 Inland Stl.4Pe 33 Insnir Copper 1 31 Insuran ctf.20a 2 Insurash Ctt its 26 Interchmcl 1.60 3 Intercn Rub.36a 5 Interlake Ir'ia 72 Int Harvs 2.60a 15 tint Harvs pf 7 250 Int Hydro El A 10 Int Mln&Chm 1 24 Int Min & Ch rt 186 Int Nickel 1.60 52 Int Paper 2 __ 67 Int Paper pf 5 . 11 Int Ry Cent Am 2 tint RCA pf.l’.ik 160 Int Shoe 1.80.3 Int Silver 6e_ 1 Int Tel At Tel_ . 77 Int T&T forn ct 13 Interst D 8 1 40 2 Intertype 1 _ 4 TACOP,S 20a _ 10 Jewel Tea 70e 2 Johns-Man 1 >/2e 2 Jones At L Stl 2 119 ipv Manilla Rn« e 39 39 + V. 108 108 - V4 j 321/ii 32iJ,+ V, 55‘4 56 +2 i 16t* 17H + ta I214 12ti+ 14; 1731/4 17314 -I1/4! 421/4 421/4 + ‘,-4 1 32 32 +14 65‘4 67 +114 143 143 + 1/4 321/4 33 +1 341/i, 3*1/4 _ 14 471.4 4714+ 14 231.4 2314 + >4 3414 3434 + 1/4 911/4 9114+ 14 2434 2514 + 3* 4814 4814 + >4 20 29 - 14 45 45 9 >4 9’4 + *4 41>4 4114+ 14 38*4 38'4 -1 11V. ny. - 14 32 32 - 14 163/. 17 +14 4 814 49 +3/4 146 146 + 14 4114 4114 2114 2114+ y, 8‘4 8‘/. - 14 J/« 74+ I4 533/4 54 9*4 9>4 + 1/4 171/4 17‘4 + >4 98 98 + 14 196 1961* + 14 13 1314 36 36 — Vs * - * 39 39 + * 471* 47* + 1* 119 119 + * ?4* 75 + * 124 124 - l/4 *7'/* 48 + 1* 216 216 + 10 22Vb 225/8- V8 22* 22V*- */e 41* 42 + 2* 34 34 + * 18 is - 1/4 52 52* + i/i 150 150 -1 59V4* 50* - * 32* 32*+ * 39 108 } 32* 56* 17* 12* 175 J 42* 32* 67 143 : 33V* 35* 473* 2 4 * 34* 92* 25* 481/2 30* 46* 10* 4 2* 40* 11* 33 17* 491/2 146 4 2* 21* 8* V* 54 9* 3 8' 4 99 1963/4 13* 373,4 1 393,4 48Vs 120 25 ' 125 48 216 233/8 2 3 V4 42 34 18* 52* 150 523/e 33* KCP&L 1st B 6 Kan City South Kayser (J) .40e Kennecott C le Kimb-Clarkl ’^a Kinney G rt Co KopDers Col 60 Kresge S S 70e Kress <SH> 2 a Kroger Co 2 1 118*2 110*4 navi 5 37*4 37 37 + % 11 7134 21 21% + % 54 58% 57*4 57*4+1 2 67*4 67*4 67*4 26 43 1 26 12 44 42 57 58 26 +2 + *4 41*4 4134 5634 563/4 +1 37 +1 57 LACLEDE G 20e Lambert Co 2 Lane Bryant 1 a LeeRub&Tire 2a Lehigh c & n i Leh Port C 1*4 Leh Valley Coal Leh V Coal lpf3 Leh Valley R R 5 Lehman C 6.05e 9 Lehn & F 1.40 . 3 Lerner Strs 1 % 7 Lib-O-F Glass 1 7 Lib McN&L 60e 85 Life Savers %e 1 Ligg & Myer 3a. Liggett&M B3a Lima Locom 2a_ Link-Belt 2 __ Lion Oil 1.40 . Liauid Carbonic Lockheed Aire 2 Loew's Inc 1 Lone Star C 3*4 Long-Bell L.12k Lorillard P 1 ^Lorillard pf 7 9 11 2 18 6 21 17 5 17 12 160 LouJSVll&N 3 r.2 7 Lowenstein & S 12 +Lowenstn pf414170 Lukens Steel 10 8 60 53*4 70*4 3 4% 52% 4% 30*4 133/4 5634 30 V. 39*4 66 14 33*4 98 97 72 62 4334 38 33 36*/i 87 32*4 27*4 192 68*4 3734 106*4 26 7% 58*4 52*4 68 14*4 52 454 30 13*4 56*4 30*4 38*4 65*4 13*4 33*4 97 96 70*4 61*4 42*4 36*4 32*4 35*4 85*4 31% 26*4 1913/4 67*4 3634 106 25 7*4 58*4 -1*4 5 2*/, +1 68 -1 14*4+ *4 52 +1 4% + % 30 + 14 13*4 - *4 56*4 +1*4 30*4 + *4 38y®+ V. 65*4 + *4 1334 + *4 33*4+ *4 97 96*4 +1 71 +1*4 62 + 34 *3 + */4 36*4 -1*4 35% - *4 35% - 14 85*4- 34 31%+ % 27*4 +1*4 191% + 14 68 V. +1% 36V. + V. 106*4 25 MAND&F 1.43* Mack Trucks le Macy(RH) 1.60a Macy RH pf 4% Magma Copr *4. Vfanatl Sutr *4* Manhatn Shr la Maracaibo 07a Marine Mid .30 Mark St Ry pr 4 11 2 7 7 4 12 11 220 Marshall Fid 2a. Martin Glenn 3. Martln-Pari .60 Masonite 1 Mathleson Aik 1 May Dept Strs 2 Maytag c* McCrorv Strs la Mclntyr *i2.22a McKess&R 1 80 McLellan Strs 1. *McLellan Df 6 McQuay-Norrisl Mead Corp 4(»e Melville Shoe 2. Meneel Co 40a >MengeI 6 of 2% 140 40*4 70*4 58 110*4 29 14% 44 6*4 9*4 15% 51 40% 78*4 67 35*4 59% 16*4 38 62*4 52*4 30% 119 35 V. 25*4 58 33*4 99 40*4 70 56*4 110*4 283/. 1434 43 63% 9*4 15*4 4934 40*4 28 66 35*4 58*4 15*4 36*4 61 51*4 29*4 119 35 25 56% 3734 95 40% 70 +1 56*4 -4- *4 110*4+ *4 283/. +1 143/. + 5/4 43 + 34 634 + *4 15V4 - 1/4 “S'/i + % 40'/*+ V, 28V4+ M 66 + i/4 351/4- 1+ 585/*+ j/4 16 + '/% 38 +11/4 61 - % 511/4 291/4 119 +1 35 25 + 1/4 56*4 -11/4 32>A + »/b 95 -S Sr.les— Stock and Add Dividend Rate. 00 High. Mercant Strs 1 _ Merck & Co 1 Merck&Co pf3% Vlesta Men x’1/* *Met Ed pi 3.00 Miami Cod */4e Mid-ContPet Vie Midland Stl P 2 ♦Midln Stl 1st 8 Minn-Honwl i a 34 32 5 66 1 108 11 “>7 10 111 15 171/4 13 43V5 2 53‘/4 30 173 12 63% Minn H pf.1.20. 170 119V* Minn Moline MStP&SS A2*5e Minn Mng&Ml Mission Cd 1 '/«k Mo-Kan-Tex Df. Mohawk Carp 2. Mojud Hos Vie . Monarch Mch 2. Monsanto Ch 2a Montgm Ward 2 Moore McLin 1 . Morrell & Co2a_ Motor Products. Motor Whl 1.20 Mueller Br 1.60. Mullins Mfg Vag tMulllns Df 7_ Munsingwear _ Murphy G C 1 __ Murray Corn 21 18% 181/4 50 42 4 23,4 65»% 45 41% 170 931/4 26 52?% 311/4 .34% 60 21>/i 50 106 8 23 2 4 3i/a 21 19 Low. close. 30*/5 30i/» 65V5 65‘/s 108 108 56 V* 56V4 111 111 161/5 16% 42 43 53 53 172 172 63 63 119J/5 1I9',5 17V4 173/4 18 18 493/a 50 413/4 413,4 411/4 413/a 65% 651/5 45 45 41 41 1601/4 168% 9? 923/a 25 23 323/g 523/, 31 31 34 34% 59 60 21 21 106 106 22‘/5 2 3 43 43i/i 18*4 101/4 Net chge. +1 ; + 1/5 i 4- V4 + ‘/a + H/5 + 1 + 1 + l»/5 + % + */4 + 1 - V5 - 3/4 + V41 + * i -l‘/5 + 2V4 + 1% + 1% + »/5 + 5/e + 1 + % + 1 + 1V5 + 1/4 NASH-KELV Vi Nat Acme 2_ Nat Airlines _ Nat Auto Fib .60 Nat Aviation J,4e Nat Biscuit 1.20 Nat Can_ Nat Cash Reg la Nat Contalnr lb Nat Cyl Gas 80. Nat Dairy 1.40 Nat Dept Strs 1 x21 Nat Distillers 8a 46 Nat En&Stpg 1 e 1 Nat Gypsum Vis 129 Nat Lead Via Nat Linen Svc 1 NatMalAStICast Nat Oil Pr .70e Nat Power & Lt. Nat Steel 3 Nat Sug Refl.40 Nat Supply *Nat Sup d 1 4V5 Nat Sp$2pf3i/ik Nat Tea .80 NatVulcFi 40e Natomas Co Vie. 15 Newberry J Jl. 3 Newmont 1 Vi Newport Ind.GOe Nwpt N ShDDd2a N Y Air Brake 2. N Y Cent RR . N Y Chi & St L NYChl&StLpf4k NYC Omnibus^ tNY P&L pf3 00 NY ShipbUig 3/4e Noblitt-Spark 2. tNorf&WstnJOa No Am Avlat 1g No Am Co 1.85f Ncrfh Pacific le NorthwstAir 1•_> e *Northwn Tel 3 9 3 5 2 79 4 3 3 60 2 1 30 22 38 32 7 150 Norwalk TR 1 *e 2 Norwich Ph 6t»a * 233/4 39 30-/5 19»/4 23 33*/i 193/4 431/4 36 20% 42V4 34% 89% 55 28% 38% 30% 35% 62% 111/4 101% 33% 22 % 1051/4 27 38 21 % 13 37% 46% 45 28% 60 26% 60 132% 31 1083/a 18% 48 266 14% 34% 31% 43% 51 17% 2215 22% 30% 28% 18% 22 32% 19% 41% 3534 20 41% 33 88% 55 28 37»/4 29% 341/4 61 11 100% 33% 21% 105‘/4 27 37% 21% 12% 373/5 453% 441/4 28% 581/5 25% 56% 131 30% 108 18% 48 265 ' 13% 34 29% 42 50% 17 21 J* 23 30i/i 28% 19 23 32% 193/5 42 35% 20% 42% 33i/i 88% 55 28 38 30/4 34% 62% 11 100% 33% 21% 105% 27 37»% 21% 12% 373% 453/5 443/4 28*/5 503/i 25% 56»/5 131 30*/5 108i/a 18% 48 266 14% 34 301* 42 50% 17 213* + % -1% + 3% + l‘/4 + 3% + ‘/4 + 1% + % + % + 23% + % - % + % + 3/4 + 3% + % “13/4 + 2% + »/5 +1 - »/4 + % + l»/i +1 -1 - 3% + */5 + %| + 1 ~ % -1% + */4 OHIO OIL »*».. Oliver CorD 1* . Omnibus Coro 1 Otis Elevat 40e Owens-m G1 2e 87 17 10 6 20 29s* 33 7b 151/4 377* 93«* 2 8 V. 327* 15 373/4 91** 287* + 327* 4 15 + 3 7?* + 91'* 4 4 20 70 25 5 8 14 11 25 21 1 28 10 9 12 29 7 2 PAC A FISH le. f Pacific Coast tPac Coast lpf5 Pac Gas & B1 2 . Pac Lighting 3.. Pac Mills %e_ Pac Tin Cons Packard Motor 196 Pan Am Air V4t 55 Pan Am Pet.40e. 4 PanhanEPL 2V*. Panh P&R 20g. ParamountPic 2 Park&Tilford 3. Park Utah 10e_ Parke Davis 1 e ParmeleeTr 1 .*20 Patino Mines Vie Penney(JC).': Oe Penn-Cent A V«g Penn-Dix Cemnt tPenn G&S pf 5 Penn P & L 40e Penn R R 1 1 _>e Penn Salt TOe . PeoPlesGL&C4a Peoria & Eastrn Pepsi-Cola 70a Pere Marouet pf Petrol Corp 20e Pfeiffer BrewVae Pfizer.Chas Co 2 Phelps Da 1.60 ■ Phila Co 6 pf 3 180 Phila Elect 1 20 20 Phila El SI pf 1 6 ♦Phila E! Df4.40 50 120«/? ] PhilArRdyCAIWe 10 15% Philco Corp.hOa 13 35 Philip Mors 1 Vo Phil Morris pf 4. Phillips Petrol 2 Phoenix Hosiery j Pitts Ck&Ch V*g ! Pitt Cons Cl .40 Pitts Forgings 1 I Pitt PI Gi .80 Pitt Scr & B 40 Pitts Steel . ._ ! fPitt» Steel 6 Df ! Plttston Co 16»* 23 79 46*4 65»* 41% 854 10'* 19 Vi 17V* 5?* a 10 Vi 74i* 73 >* 6 Va 461* 2D* 195* 52% 40' 4 2 7»* 10 113 12 23% 4 7 4 1** 2 49 1 107** 2 2 33 Vi 61 33% 2 107 22 121/4 3 10 39 15 70J* 45«4 73'* 29V. 31 32 50V* 1 111 27 72** 2 10 12 5 20 8 11 80 7 t 1 45 8 15 10 17 33 137* 25 2 71/* 41 11** 187* 913* 2 B3 4 22 29 2 45. 667* 41 28* i i Plough new 00 Plymouth oil 1 b ■ Pressed Stl Car . ' Procter&Gam 2 ; Pub SvcCol 1.66 > Pub Svc N J V*e i >Pub SvcNJ pf8 270 I37i* i *Pub STCNJ pf7 230 1231/4 'Pub SvcNJ pf6 200 117** 1 tpub SvcNJ DfS 110 1087* ♦Pub S El G PfB 150 1141* Publicker Ind 13 57** Pullman je_ 15 63** Pure Oil 1 30 283* PurityBa 1 60a 1 35% QUAKER SOI 3 23Vi 16*8 22% 79 4 5** 64 40V, 8V* 10 19V* 17i* 52 10> i 73 73i* 6V« 46 20 19‘* 521/4 39 27 115 2 2»* 407a 403. 107** 331* 32 »/i i.07 12 V* 14i* 69i* 4 31* 731* 2854 31 120 15‘* 345/4 483,4 111 70‘* 32 131* 24*8 26% 407* Hi* 18V* 91 28 22 27** 24 66V* 40 27V* 135 121% 1171/4 IO8V4 114 57 623* 27*8 35% 23*4 16** V- % 23 + 1* 79 451* - V* 65‘* +2** 40i* + 1* 8i* 4- 1* 10 + »* 191* 17** +1 521* + **; 10% + »/4 1 73 - %| 73‘* + 1* 6‘* 4- »* 4 63* + ** 20 191* 4- 1* 52 »* + i* 39 -1 771* +1 113 2 21* 407« - 1 . 47 4- 1* 107»* 4-2 331* 4- J* 3 21* — ** 107 +1 1 21* 4- V. 141* _ ^ 69‘* 4- ‘* 431* 73»* - % 28% - 1* 31 l?Oi* 4- % 15'* - 1* 35 4- % 48Va - ** 4- % RADIO CP ,20e 1?0 Radio Cp pf 3*4 Ra-Kth-O 1.20 Rayonler Inc __ Rayonier pf 2__ ! Reading Co 1 Reading 2 pf 2 j *Reis 1 st. pf , ReliableStrsl 60 Reliance M .20e RcminpRan.Oob Reo Motors 1 V* . Repub Avia Vie j Repub Pictures Repub Piet pf 1 Repub Steel 1 . Revere Cooper i Reynolds Metals Re.vno-lds Spring ; ReynTobB 1.40a |Reyn!T pf 3 60. Rheem Mfg I Richfield Oil SO j Roan Antelope Royal Tree 60. ' Ruberoid We ! Ruppert <J) We SAFEWAY ST 1 St Joseph Ld 2_. SavageArms % Schenley Distl 2 Scott Papr t .80 Seab Air L R R Seab A L RR pf Seaboard Oil 1 Sears Roebck la 165 Seeker Sunbeam Is Seiberl Rub 1 ae Servel Inc shamrock 40 Sharon Stl ,60e SharDeA'Dhm,4e Shatturk F O 1 Shell U Oil *-2e Silver King Col Simmons Co Vie Sinrlalr Oil 1 6 23 13 22 6 2 14 22 7 179 Skelly Oil le > 4 t Sloss-Shpffield 6 ! Smith AA-Sn 80 2 Smith <AO) 9,e 2 Smith&Coron 2 2 ; Socon.v-Vac %a 260 . SouAmG&P lOe 19 So P Rico S 4p Sou Greyh Li 2a So Cal Edls l % Sou NatGaslVi So Pacific 4 Southern Ry 3 Southern Ry nf6 Spald & Br.40e Sparks With 2 Oar Sperry Corp 34e Spicer Manufg3 Spiegel Inc *SDiegel of 4%. SpuareD.20e _ Squibb&Sons 1 Std Brands 1 60 Std Gs&El S4 pf Std Gs&El Sflpr Stand Oil Cal 2 Std Oil Ind la Std Oil N J la Std Oil Ohio i std Stl Song *4e Std Sll Sprg pf Sterling Drug 2 Stewart-WarnVi Stoklev-Van Cm Stone ds Web lg Studebk Cp Vie. Sun Oil lb Sunray Oil 115c 219 I Sunshine Bis 1 e 11 1 Sunshine M .40. 16 1 Superheater 1 a_ 3 Super Oil Calif. SuperStcel 1.20. Suther Pa 1.60. Swift&Co 1.60a Swift intnl 1.60 Sylvan El Pr la Syming-GuldV+f 32»4 60 1514 87% 57 36% 71*4 35% 447% 2 2% 2.2 2 2 ‘4 2 7% 37V. 34 24% 42*4 11% 52% 19*4 80% 24% 50% 70% 43% 18% 6% 56% 56% "*9% 31 69 62% 89% 25% 11% 32% 82 32% 104 22% 46% 48% 52% 131 55% 47*4 78 28% 21% 54% 58% 25% 37 22 38% 77 12J* 53 21% 33% 150 51% 45*4 40% 33% 333* 14 31% 59 14% 86*« 57 343* 70% 35*4 44 21% 21% 21% 27 37 33% 24*4 41% 11% 51% 19 79% 233* 49’/, 70% A2 17% 56 55 39% 303* 66 62 88% 25 11 31% 82 31% 1033* 22 46% 47% 513* 131 54 4 6% 77% 283/4 21% 54% 57** 24% 36% 21% 37 76 12*4 52 203% 33 150 51 44*% 393* 33% 33% 13% TALCOTT 60a . Texas Co 2a Tex Gulf Pr.l5e Tex Gulf Su! 2a Tex PacC&Ol. 13 rex Pac LT.lbc 30 Tex«fcPacRy2%g 4 Thatcher llfg 8 ♦Thatc cvof3.60 110 Ihe Fair Vie. 2 Thermoid Co 60 9 tThermod pf2% 10 Third Ave Trans 10 ThompsonPr %e 8 6 23 31 10 163* 653% 16% 58*% 31% 23% 62 44% 62 23% 15% 623* 18% 603* 16 64 16% 58 30% 22 61% 44 61 23 15% 623* 18 68 3 2* * +1% 59 +3 14*/0 — 1% 86*4 + % 57 343* _ii* 70% +2 35*%+ % 44*4 +1% 21% + % 21% - % 21%+ 3 B 27 + 3% 37%+ •% 33% 24% - % 4 2*4 +1% 113/0+ ** 51% - % 19 + % 80% +i 2 53* - % 50’A +23/4 70% + 1.4 42 - l/4 1A + % 6% + >« 56 +1 55 + *4 393* + ** 30% - % 66 -1J% 6? 88% -1% 25 11 + % 32%+ */e 82 -f 31%+ 3* 104 22% - % 46%+ % 4 7% + % 513*- % 131 55 +1% 463* + 7* 78 + 3* 283* + % 21%+ % 54%+ t/4 57% + % 243* + 1% 36** + 3* 21% + *% 37% 77 +2 12%+ 3* 52 - % 20’*- % 33 + % 150 -3 51 - % 45 39%+ % 33% 33%+ 7% 13% - % 16%+ 3% 64 - 7% 16*/0+ % 58% + % 30*70 + 3* 22 61%-1 44 + % 61*4 -1% 23 - % 15%+ % 623* + 1/4 18 - % 683* +ii* Early Stock Advances Reduced or Converted Into Losses at Close By Victor Eubonk Associated Press Financial Writer NEW YORK, July 1.—The stock market today negotiated a fast early i rallying sprint, in the wake of the OPA demise, but gains running to 4 1 points or so eventually were reduced ; Dr converted into losses. Activity and trends were the best; in the forenoon, with steels, motors, j rubbers, coppers and mail orders well in front. Profit cashing ap peared around midday and irregu larity ruled at the close. Utilities were hesitant and rails generally lower. Transfers of about 1,700,000 shares were the largest since May 29. United States Steel, General Mo tors and Armour came out on open ing blocks of 3,700, 2,500 and 15,00(3 shares, respectively, and all ended higher. Ahead at the last were Chrysler. Packard. United States Rubber, Goodrich. Montgomery Ward. Sears Roebuck, American Can. Allied Chemical, Anaconda, Kennecott and Wilson & Co. On the offside were Bethlehem, Youngs town Sheet. Boeing. Douglas Air craft, North American, Southern Pacific. New York Central, Northern Pacific, Du Pont, Union Carbide and Texas Co. Washington exchange SALES. Woodward & Lothrop common—*>0 at 8~'a Capital Traction 5s—$60(1 at Uyz3/*. BONDS. PUBLIC UTIUTY. A rr, c ^ Bid. Asked Am T & T cv deb 3s 1966 J 66 CaD Traction 1st 6s 1947 103*4 Cap Transit 1st ref 4s 1964 10« City & Suburban 6s 1948 109 Georgetown Gas 1st 5s 1961 |‘>5*4 Pot Elec Pow 3*/4S 1966 _ 106 Pot Elec Pow 3*/4S 1977 _ 112 Washington Gas Cs I960 139 Ter Rf&W Cp 1st 4 »4s 194b 103 STOCKS PUBLIC UTILITY Amer Tel & Tel <9» Capital Transit Cl.00) N Ac W steamboat (t4). Pot Elec Powe^f 6'/ pld I 981 *39 < 210 llo Pot El Pwr 5*V. pf (o.oO» 108*7 Wash Gas Lt com » 1.50 > Wash Gas Lt cum pi (4.3.* Wash G Lt cu cv pf • 4.501 llo Wash Ry A: El com <al8.00) '35 Wash Ry A* El pfd (6) 4 1 34 ( l 10*4 35 : no 138 BANK AND TRUST COMPANIES •335 39 30*4 350 3lo 316 28 Amer Sec A Tr Co < 1 o Bank of Bethesda (t.T5> __ Capital (.80) Com A; Sav ( y 10.OOi < e r • Liberty (t7) Lincoln th5) Natl Sav Tr (6 00) Pr Georges B & Tr <11.001 Riggs (13) Union Trust Co (13.00) *166 Washington (6) 170 Wash Loan A: Tr <eS) 355 FIRE AND TITLE INSURANCE. American <T6> _ 150 Columbia tk301 16 Firemen’s 11.40) *33 National Union (.76) _ 14*4 Real Estate (<6) 198 MISCELLANEOUS 390 165 Carpel Corp (2.00) Garfinckei com ( + 1.60* Garfin 5VatV cu pi (1.375) Hecht common <1.30) v: Hecht 3v4r/- cum pfd <3.75) 1 us Lanston Mono (newt (l.oo) 31 Mergenthaler Lino ial OO) 67 Nat Mtge & Inv pf (p.40» 1 Peoples Dr Store com (1 60) Security Storage <4t Ter Ref Ar Wb Corp (3) _ Wdwd A; Loth com (p2.3o» Wdwd &: Lothrop pfd (',» 47*4 59 63 38 43 I 09 69 58 * 2 105 58 81 13 51 ? e- Ex rights •Ex dividend 'Plus extra a Paid so far this year e 3*r extra f 37# extra, h $5.00 extra klOc extra p Paid in 1945 y $10.00 extra Odd-Lot Dealings PHILADELPHIA July l v —3 he Se curities & Grain Commission reported today these transactions by customers with odd-lot dealers or specialists on the New York Stock Exchange for June 38 5.555 purchases involving 161.323 shares: inis ales involving 118,965 shares including 5 short sales involving 345 shares Sales—— Stock and Add Dividend Rate. 00 High Thom-Siarrett Thom-Starr pf TideWA Oil 80a +Tide Wat Df3V4 Timk-Det Axle Timk R Bear V.e Tr&nsamer Via Tran* A WstAlr Tri-Cont Co 20b Truax-Traer C 1 20th Cen-Fox 3. 20thC-Fl DflVa. Twin City RpTr 6 ♦Twin Cty pr2+» 150 Twin Coach 3 3 1054 1 54 20 23 V* 90 108H 25 26‘i 59+4 20V. 51U 11»* 19V. 56 66 20* a 62 21*4 Net Low Close, ohge. 10* 4 10>/4 54 54 -fl 23U 2 31/4+ *tb 108*4 108*4 - V. 25*4 26*4 +1*4 59 +1*4 20*4 + *4 50+4 + ‘4 11 + H 19+4 54* 4 - 7% 68 + »4 20 - *4 60*4 - 21 - 58*4 20 Mi 50*4 11 19*4 54*4 68 20 60*4 21 *4 UNDERWOOD 3 UnAsbArRtib .70 Un Bag & P 60a Un Carbide 3 ♦Un El Mo pf4V> Un El Mo 3 Vi of Union Oil Cal 1. Un Pacific 6 . Un Pacific pf 4 _. Un Tank Car 2 Utd Air Lns Vie. Utd Aircraft 1 . Unit Aircft pf 5. Unit Biscuit 1 a 4 Unit Cig Wh Str 4 2 Unit Cigar prl Vi 5 Unit Corp 18^ Unit Corp pf 2k 19 United Dyewond + Utd Dye pfl \k Utd Fruit n 1 je UmtGasIm.65e UnilMArM 1.20a Utd Paperboard Unit Rex Drug US Ar For Secur U S Freight ' 4c . US Gypsum 2 US Hoff Mch a.ie US Indus Ch la. US Leather US Leather A 2_ U S Lines Vae US Pipe&Fyl 60 US Play Card Ca US Plywood 80 US Real-Sh .05e U S Rubber lV4e US smelt R Ar M US Smelt pf 3Va U8 Steel 4 . 188 US Steel pf 7_ 5 US Tobaccol .20 Utd Stockyd v4g Unit Strs 2 Df . Unit Strs pf 6k Univ-Cyclops 1_ Univ Lab 1 tUniv Leaf T 4a Univ Pictures 2 tUniv Pic Pf 414 2 10 64 3 10 5 164 24 2 17 9 1 4 3 50 5 160 VANADIUM >/2g Vertient-CSuc 3 VjctorCWks.TOe Va CaroiinChem Va-CChemGpf.'5g Va Railway 2Vi Va Rail pf 1V2 ViskinjtCnA 1.59 70 19*4 38*4 114*4 112*4 107*4 28*4 155+4 117*4 40*4 40 28*4 112*4 50 13+4 24+* 6 56 15 85** 53V. 26 68+* 13+2 15*4 20»/2 72 127 47 60 V2 11** 37*4 21*4 58 83 65*4 17*4 71 69 82*4 93*4 162 27 8*4 16*4 117 26*4 17*4 105*4 43*4 96*4 32»/2 247a 47*4 11+a 95 52*4 43*4 48*4 68 19 37*4 112*4 112*4 107*4 27+i 154*4 117*4 40*4 30*4 27*/x 112*4 49 12* a 2 4*'4 5*4 55 14*4 85*4 52*4 25*4 13*/. 15 28 22 124 47 59*4 11 36*4 70** 58 83 64*4 164 697s 67 82*4 91V* 161*4 27 8 V. 15*/. 117 25*4 17*4 105 42*4 98‘^a 31*4 24*4 47*4 11*4 95 52*4 4 3*4 47 68 -1*4 19 37+4+ *4 112*4 -2*4 112*4 + *4 107*4 28*4 + i+» 154*4 +1 117*4 + »4 40*4 - +• 38*4 -1*4 275/4 112*4 49 - Va 12+a 24*4 - 14 5*4 55 -1 14*4 + *4 85*4 -1 53 + ‘4 25*4 - »/4 66*4 13 V. + *4; 15 78 22 175 47 + ’ + • -1 + 60>% +l»/4 11*4 + * 4 36*4 + *4 71 + >4 58 +1 83 +5 64*4 + *4 16*4 + *4 70*/2 +1 67 - *4 82*4 - *4 91V» +1 161*4 - *4 27 + i/4 8*4+ V. 153/4- *4 117 +3 25*4 + *4 177% +1 105 - *4 42*4 + * 4 98*a + Va 31*4 - *4 24+4 - *4 47*4 + *4 11*4 95 +1*4 52*4+ * '4 43*4 48'% +3*4 WALDORF In . Walgreen 1.60 Walker Hirm hA Walworth Co . . Ward Bak ,30e Warner B Piet 2 Warren Pet SO Wash GasLt 1 Vi Waukesha 1 Wayne Pwnp 2. Webster Tobaccc Wesson O&S la West lnd Sue la »Ws Pa Pr pf4*4 W Va Pulp&P 1 Western Air Lin WstAutoSupl'Ae Western Ud .. West Pac Df 6 West Dn Tel A . West Alt Br Vie Wstrghse El '4* 122 Weston El 1.20e 2 Westyaco 1.40 . 3 Wheel Stl 1’/if . 12 tWheelStl prpfB White Motor lb White Sewing M Willys-Overlnd Wilson Jt Co.40e Wilson pf 4 Vi . Wilson-Jtmes3*e Woodward lr 2 Woolworthl.fiiia WorthmgtnPI V* WorPtn cvpr4 *4 Wyand Wor ,40a YALE & T 60a York Coro .30-. Yng Spg & Wire Youngst S&T 2 Youngst Stl Drl ZENITH RAD le ZqniteProd 30e +1 18 47*4 29*4 35 29*4 42*4 14*4 39*4 38‘4 10*4 — ** 4514 ’4 - 294 +1>4 34*4- *4 29'4- >4 42-4+ >4 14*4 + *4 3914 +H4 38 +1 2 27 71*4 2? 5 48 48 48 + 14 6 1341/4 13214 134 +114 22 17ta 17/,4 1714 4 '4 16*/e 45‘4 28*4 341.4 29 42>4 14V* 38>4 38 90 11614 11614 116*4 1 48*4 48*4 48*4 23*4 76 10*4 97 36*4 39*4 34 62 44 59 80 105*4 104*4 104*4 + 10 40 38*4 38*4 22*4 22 22 220* 20*4 20*4 - 19*4 18** 19 +1 100*4 100*4 100*4 204 19** 19**- 14 48 48 48 + ** 573* 57 57**+ *4 66*4 63 66*4 +2*4 24 77 10*4 98*/2 37*4 40*/e 34*4 62*4 44 60V* *4 23*4+ '/* 76 + */. 10*4 + V. 97*4 + 36*4 40*4 + 34 + 62 44 + 59 *4 % % 27 37 79 1 6 1 2? 9 - % 3 102Va 102% 102% - 12 5 14 2 21 4 7 22 23% 61% 25% 32 83 28% 36% 13% 23 61 y 24% 31% 80 28 35% 13% 23 4-1 61% 4-1 Va 24%+ % 31%+ % 80 -1 28 36% + % 13%+ % Hourly Sales on the Exchange Today: IlliOUa.m 570 000 i Z uu noon 910 000 1:00 p.m. 1 120 000 2:00 u m 1 270 000 Approximate Total 1 560 000 tUnit of trading. 10 shares; sales printed in full. *In bankruptcy or receivership or being reorganized under Bankruptcy Act. or securities assumed by such companies. Rates of dividend in the foregoing table are annual disbursement based on the last quarterly or semiannual declaration. Un less, otherwise noted special or extra divi dends are not included. x Ex dividend xr Ex rights a Also extra or extras, b Plus stock dividend, d Cash or stock, e De ! lared or paid so far this year, f Payable i in stock, g Paid last year, h Payable in Canadian funds k Accumulated dividends paid or declared this year, n New issue. N. Y. Bond Market (Furnished hy the Associated Press.) SELECTED LIST OF ISSUES. TODAY’S SALES | (Reported in Dollars i Domestic. 3 850 000| Foreign 270 OOOj O S Govt 1 000 TREASURY Close! •JVaS 72-ti7 Dec 104 NEW YORK CITY 3s 80 12H/4 FOREIGN Close Argt 4,/aS 71 _10,»/i Australia o& 65 111% Chile fis 02 asd 28V, Colombia 3s 10 65 ? Grk 7s 04 pt pd 14% j Peru 1st Os 00 26 ( SerbsCtsSl 7s 02 12>/*: DOMESTIC Close i Am a: FP6S20301095/ei Am T&T S8 60 158 j Am T&T 2%s80 104%| AmTobacco3c62 1043/* j B&O 95 A ... 91% B<fcO 2000 D_89W B&Ocv 00 72%' B«feO So Wsn 50 104 Beth Stl 2%s 70 1031/a; Bost Me 4Vas 70 69%’ aosi Me mi xuu Bost NYAL 4s55 67V4i Brk UG aVaS 69 105H BufNiagE2:%s75104?t BufRoch&P57st 85»/fr Burl CR&N5834 51 Can Nat 4V2s57 1223,4 Caro-Cent 4s49 105V4 Celanese 3s 65 105 | Cent Ga 5s 59 C 26 V* j Cent Galst5s4T> 105V* CentNwEng4s6I104V* CentPaclst4s49108 j Chi Gt Ws 4s 88 99 < Chi Ind&Lo5s06 20 CMStP4l£s2010 100 | CMStP4Vafi‘2044 83>/i : Chl&NW 4VaS99 913* CRIP 4 V*s 52 A 64>/4' CRIP 4«/2s 60. _ 363,4! CRIP 48 88 BQW CRIP rl 4s 94 60V* I Citylnvest 4s61 107»/4| CCC StL 4V2s?7 95V*' CIevUnTr4»/2s77105Ve Conn RP 33/4»611063/a CrucibStiav4s55103 V* Dn&RGW 5«65a 15V. Erie 4 M»s 2015 96»/. Fla E C 4,/aS 59 103V* FranclacoS 6856107V* GenRe&Ut 4 -69 87 Gt Nor 21is2010 9014 Hud Coal 5s82A 90 Hud&M rl os 57 701* riud&M in 6s 67 35 IC 4s 52 10314 IC 414s 66 96>/« IC StLou 3>/2S51 103% ICCStLOU OSB3A104 Int Gt No 6s 62 39% i Int HvdroEJBsH 99% Int TAT 4>/bs 5210314 Jam F&C 4s 59 101'4 Kan C Souls 75 104% Leh VI 4,/2s20O3 5714 Leh V) 4s 2003 53V. M-K-T ns 62 A 95% M-K-T lst4si)0 99% MO Pac 5%s 49 3814 Mo Pac 5s 78 G 9314 Mo Pac Bn 4s 75 49% NatDairy214s70104 NYC rf 6s 2013 100 NYC4tis2013A 92% NYCHR 3'/aS 97 103 NYNH&H4 VjsB'i 6314 NYNH&H 4s 57 43 NYWB4M>s46 40 Norpacaso/ Nor St P r214 s7610414 OrWsRRN .'is 001053/4 Pa Ct Air 3Vas6GT15 PereMar 31'.«80 1041/4 Phila El 214 s 67 105»/4 PtWVa 4Vas58A 102‘/4 RioGrWest4s39 114 RckIA&L4‘/4s34 60V4 StLSnPr 414878 4514 StLSnFr 4s50 A 5844 StPKCSL414s41 551/i Sea Air L 4s wi 100 Shell Un 2‘/aS 71100 3o Paclflc414s8J110‘/4 3oPac414s69 106 3oPac4'4sOr77 1061.4 Sou Pac 23«s 00 9214 SoRyO’/asBO 126 8oBT&T214s85 1051/4 Tex*NOrl3V«70 102 Tex&NOrl3%J»0 9914 Third Ave 6s 00 74 Un Pac 2*48 91 99 Ut Bis Am234s6610314 Va&SW cn 5s58 114 Vlrgn Ry 3s 95 109*4 Wabash 3>/»s 71 105Va Wash Ter 24470 103 West Sh 4s2361 8714 Westch Lt 5s50 11514 West Un 5s 61 10314 West Un Bs 60 1051/4 Whl&LkEr 4s49 109 N. Y. Curb Market LIST INCLUDES ONLY SELECTED ISSUES CHANGED FROM PREVIOUS CLOSE. Aero So B _ 6% Alum Co An) 2 83%! Am General 4%j' Am Maracaibo 5 |; Am Superpower 2%j AnchPostPr.20e 10% Ark Nat Gas A 6% Ashland ,40a . 13% I Allas Corp ww 9%J Barium Steel 10%' Basic Refrac 40 9% Berk&Ga? Purn 4% Blue Ridge .30g 5%» Breeze Op 1.60 25% Brown-Form.MO 67 j Buckeye P L HO 14% Bnk Hill&S %*.. 24% Burma Ltd _ 2 Callite Tung 8% CanMarconl.04e 3% Catalln Am 40 21% Cent & S W Util 3 2% Cities Service *0 Colts P P Arms 38% Com & Sou war % ConsTexti!e.3o« 15% Cont F&rMch 1 i 29 CopperRnte %e 12% CornucopG Min 1% Croft Brew .05g 3% Crown C Pet V-tg 9% CrownDrug 05e 9% Cub Atl Su 11 aa 31 Dennison A COe 19% Elec Bd&Share . 24% Ecuity Corp 3% Fairchild E 20g 7% Fansteel Metal 34 Gen Financ.20a 15%' I Glen Alden Cl 2 22 { Goldfleld Con* 1%; Graham-P nfl1« 35% Groc8trPrd rtwi 1% Hartford R vtc 8% Hazeltlne %e 22 111 Pwr div ct 21% Int Petrol 1 2 . 171 4 Kaiser-Frazer 16% Kingston Pr.20 7% Lake on m n ho i/y* Leonard Oil Dv 2Z% LoneStarGas.HO 19‘/i Long Island Ltc 2Va Louisan LAE 40 13V» McWill Dredge 21 Menasco Mfg 5‘/i Menasco M rtwi Mesabi Iron 7*/e Mich Sugar 4 MinlngCorpCan 91/* Monogram Piet 8^* Mont-Dak U 00 17 Natl Bell H O', e 7 Nat Fuel G Mir 16L» N'al PrCook1 -f 87>/<> Nat Union Rad tOva Niagra Hud Pwr 13** Noma Electric 1 28 No Am Lt A P 9‘* PanteprcOil P4 1 Is-® Pennroad laf__ 7** Pioneer Gcrid 4»® Pitnev-Bow 40a 12^8 Powdr A: Alex 1 23** R-K-O opt war 9Vi Raytheon Mfg 19*/* RioGrValG Ooe 3 St Lawrence Ltd 8 St Regis Paper.. 14L* Savoy Oil_ 4** Schiff Co 1 38 Schulte Inc . 77/t Scullin Steel 1 g 201* Segal Lock .. 4*/* iSelect Industr 5V* IShat-Denn .] Oe 8 |Solar Aircrft fio 25%a iSoss Manuttg 'a 12>* ■ St cl Power & Lt. 6Vt jsierchi Strs 1 a 50 JTexon O & L.40 9?/* 'Textron Inc lag 26 jTrl-Contl ww 4L4 Unexcell Chem_ 16*/i [Unit Corn ww . 1*4 U S Foil B ,40e 2 7^ lUtah-Ida S 15e 6 Wentworth M‘a HM Wright-Hc h 20 4Li Rates of dividends in the foregoing table are annual disbursements based on the last quarterly or semiannual declaration Un less otherwise noted, special or extra divi dends are not Included, a Also extra cr extras, b Plus stock dividend, d Cash or stock, e Declared or Daid so far this year, f Payable In stock, g Paid last year, h Pay able in Canadian funds. k Accumulated dividend*: Daid or declared this year, n New issue. ww With warrants. xw Without warrants Chicago livestock CHICAGO. July 3 f *»».-— <USDA'—Sal able hoR5. 2.500: total 4.000: market i opened slow around 2.00 higher later . trade and close moderately active, un i evenly 2.50 to 3.65 higher closing a: maximum advance Good and choice bar I rows and gilts at most weights. 16.85 to I S 50. with top 18.50. underweights scarce sows. 2 15 to 3.15 hither, largely 16.50 to IT.25: odd head higher, most hogs sold Salable cattle 4.0O0 total. 4 000: sal able calves. ;;oo. total 30o. fed steers and yearlings including yearling heifers. 1 On to 3.00 higher good and choice grades up most: top. 4.00 higher two loads scaling approximately 1.2T5 pounds bring 22.00; best heifers. 21.00: beef cows, generally 1 no higher: canners and cut tets. 5 to 75 cents up; bulls. T5 cents to 1.00 higher and vealers strong to 50 cents mostly 50 cents higher ar 18.00: | stock cattle scaled to follow killer ad vance following termination of price con trol. Salable sheep 5“n total. 5.000: mar ket active; spring lambs. 2.50 higher to small killers and trades slaughter ewes mostly 75 cents higher: short load mostly good and choice 7<>-pound spring lambs carrying medium end. 10.00 straight other small lots aoed to choice native springers also 10.00. small lots slaughter ewes with No. ! and No. 2 pelts. 0.00 straight, these mostly good and choice, but some lots at common end Chicago Grain CHICAGO. July i r Oats futures moved ahead for substantial cams in the strain market toaay in the first fret mar ket since late in 1042. Corn was bid 5 rents higher, the limit advance permitted in a single session, as were November and December barley Sharply higher bids were made for cash gram Tracing was heavy m oats as there were sufficient selling orders on the advance i fo keep must deliveries from jumping the I o-ren’ limit. A few sales were made in corn fn 1 turec but there were no offering* in oats. Final prices on oats were 24 to 5 cents higher July Of?: corn closed »t 1.514. tin t> cents and barley at 1 404 up 5 cents. CORN— Mar 1.51 12 OATS— July on Aug .00 Sect.. On Nov xu Dec ss Mar .00 BARLEY — Nov Dec Mar. High 01 4 0o4 90* J Oo'A .01 9.‘{ XU Close. 1 5 ] » 2 i ,5 m oi12 .00—90! SO5*-71 .00 00‘2 14 0*2 1 40‘a I 404 Dividends Announced NEW YORK July 1 4>—Dividends de clared : Pe -Stock of Pay Rate.riod. record able Arrears. Phillips-Jones pf $1.15 Irregular. Outlet Co $1.25 . Regular. Dayton Rubber 20c Delaware Pow St Lf 25c Eastern Corn . . 20c Sterling Brew 25c T-10 S-t 1-22 8-1 1-10 * *25 T-5 ' -.31 1-10 8-5 :-0 1-25 Nations Can Spend Only 1 of U. S. Loans Ry tre A<*ocicted Pr«j Foreign borrowers may be permit ted more than three times as much credit as they can spend this year, the Commerce Department said last night. These borrowers were pictured in the position of a man with a charge account and a desire for white shirts that aren’t to be had. Unable to get prompt delivery on the goods they want, they can't use up their credit. Their credits from the United States Government probably will total about $10,000,000,000 by the end of the year if Congress approves the $3,750,000,000 British loan proposal, the department said, adding that they probably can’t spend over $3, 000,000,000. At tne end ot March, the depart ment reported, this country had given $655,000,000 in loans—repre senting used credit—and $1,642,000, 000 committed for credit that the borrowers had not been able to use. The department said that, besides the British loan proposal, the pros pective $10,000,000,00 Ocredit total at the end of this year would be made up by: Practical exhaustion of the Ex port-Import Bank's $3,500,000,000 lending capacity. Allowance of credits totaling $2, 750,000,000 covering surplus property sold abroad, merchant ships sold to foreign purchasers and lease-lend settlements. Foreign Exchange NEW YORK, July 1 (JP).—Foreign ex change rates follow (Great Britain in dol lars, others in cents.) Canadian dollar in New York open mar ket. 9y/< per cent discount or 90.^5 U. S cents, unchanged. Europe—Great Britain. O.V2. un changed: Prance (franc), .M‘«, unchanged. Latin America Argentina free. *M rtO. down .01 of a cent Braizil fiee. 5*25 Mexico. *20 «f{. New York Cotton NEW YORK. July 1 Elimination of the price-control program stimulated a. broad covering movement in cotton futures which rallied a little more ihan 4.00 a. bale in early dealings today to the highest, levels since 1923-4. The market subseouently lost about half the top gains on profit-taking and hedg ing. attracted by the advance. The pos-’ sibility that Congress will revive price controls accounted for some of 'he nervous selling Margins reverted from the high Gov ernment levels to the schedule set ud pre viously bv the New York Cotton Ex change Unwanted rains were reported in the Centra! and Eastern cotton belt'. bio 1 such marker developments w ere lartrelv ignored Late afternoon prices were | 75 to ^ °5 a bale higher July 31.38. October. 3).-50. and December. .‘{I 58 i Futures closed ! higher. S2.25 to i July i October December March July :'.l 4 0 31 .do 31 .05 ::i .*>;» 31 To 31 .5T Middling spot n Nominal b Bid High. 1 .85 I 83 51 .SMI 51 5 1 .TO 5 1 MO 32 I on ::! .35 3 1.42 3 1.52 3J 4 0 31 43 31 30 1*8* 1.51 -o'! 51 55-58 51 H4-0T 5! ,02-d-i 51 o' 1 37 b Market Averages STOCKS. Net change Today close Prev. day Week ago Month ago Year ago 1946 high 1946 low __ BONDS. 20 Rails. Net change nnc T'day close 1 026 Prev dav 102.6 Week ago H*2.x Month ago 102.0 Year ago 10J.5 1046 high lM6.fl 1946 low 102.3 (Compiled bv 60 Indst. .6 ! 05.X J 05.2 104.5 1 00.6 X6 1 110 4 im i 15 Rails. 49io 4 0 4 5* 5 4 5* 6 46.6 51 .2 4 4 1 1 5 Util. 1 5.1.5* 53.X 53 5 55.1 4 0 5 55 4 50.0 60 Stks. ;»4 TO 2 ?s X M 7 66 5 X2 ; 10 JO u>w F Y U r urn if* 10 Indst Util — 1 one 105.X 107 x 105.0 1 07 X 105.X 107.0 105.X 107 4 104.1 107 9 3 05.2 100.5 103.6 107 I the Associated Press.) 5 6 0.0 5. 11 X :* I IX 5 11X6 I I X 2 117 0 120 : nxo MORTGAGE LOANS Fovoroble Rote MBS'! DEED OF TRUST ONLY GEORGE I. BORGER 643 Indiana Ave. S W. Natl 0356 Folger, Nolan a Co. Investment Securities MEMBERS Mew York Stock Exch. • Washington Stock Exch. New York Curb Exch. (Associate) 730 1 5th Street N.W. Washington 5, D C. Telephone NAtiona! 0402 1% 1.0 A X S on Life Insurance Policy Cash Values Utilize this service—to refinance an existing indebtedness or to provide additional funds. The plan is simply this: An assignment oj the policy is made to the bank, a note for the desired amount is executed t limited to the cash value of the policy), and you pay interest of $10 every three months for each one thousand dollars borrowed. Inquiries invited. Bank of Commerce & Savings Main Office Branch 7th & E Sts. N.W. H at No. Capitol 4 SPECIALISTS IN LIFE INSURANCE LOANS" FORTIFY YOUR FUTURE By building up a Savings Account equivalent to one > ear’s income or more. It w ill prov e a safe defense against unexpected demands. And. too. it can be a big help in financing that home you have in mind to buy. Wc invite you to become a National Permanent Building Association “Savings Member.” Your savings are safely invested in First Trust loans, made on conservatively appraised real estate— assuring you a good rate of return. Officers Robert E Buckley, Pres Roland M Brown, Secy Jos. F. Zegowitz, VPres W Preston Hunt, Trees Dii ei tors Millard T. Dixon George H. O’Conner Alphonse C Hammei John H. Stodtler James E. ColliHcwer C J Mock National Permanent BUILDING ASSOCIATION 719 Tenth St. N W. < ] ) NAtionci 025-1 Tku advertisement is not, and is under no circumstances to be construed as, an offering of ikes* Securities for tale or as a solicitation of an offer to buy any of such Securities. The offering is made only by the Prospectus. 149,121 Shares. Willys-Overland Motors, Inc. $4.50 Cumulative Preferred Stock, Series A (Without Par Valur—Conrertiblr on or brforr Horrmbor 31. 1953) PRICE $100 PER SHARE (And accrued dividend from July 1, 1946) Copiesof Ike Prospectus may be obtained in any State only from suck of tke undersigned and otkers as may lawfully oftr these securities in such State. Kuhn, Loeb & Co. £. H. Rollins & Sons lunmiM Johnston, Lemon & Co. July 1, 194ft.