Evening star. [volume] (Washington, D.C.) 1854-1972, April 01, 1947, Image 19

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Evening star. [volume], April 01, 1947, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 01 April 1947. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1947-04-01/ed-1/seq-19/>

Newspaper Page Text

c. 4 P. Telephone Nef
Well Below 1946
During February
By Edward C. Stone
Uet income of the Chesapeake *
Potom*c Telephone Co. for Fetau
tfv. Wfwe tatwjrtjted dividende,
•uiountea to $276,382 in campari
Ion with $328,337 m February, 1948,
,ecordine to the statement filed to-!
diy with the Public Utilities Com
mission. *·· ;
operating·· income showed a de
cre*5* of Μ··*5β *nd operating ex
penie? disclosed an increase of
1141,088, compared with February,
Operating menues totaled
$2.447.107 against $3,418.843 a year
ago. At the end of the month there
were 390,847 telephones in sendee
m Washington.
in the first two months of 1947,
lift rcorie. before Interest and dlvi
dendi, totaled $514,153, against
$652 354 In the like 1946 period, a
decrease of $138,301.
Bankers Watch Many Bitte.
Bankers ape specially interested
In a bank-holding bill, three bills
to void regulation W and a meas
ure to permit absorption of ex
change charges by member banks
of the Federal system, now before
Congress,, according to a legisla
tive review by D. J. Needham, gen
eral counsel of the American Bank
ers' Association.
The holding companies' bill in
troduced by Senator Tobey is sim
ilar to the Spence bill introduced
in the 78th Congress, Mr. Needham
says in a summary sent to State
association secretaries. Senate and
House btHs grant the reserve board
further power to purchase obliga
tions direct from the Treasury De
ne rtm»nf
The Senate Banking Committee
has begun hearings on the revised
long-range housing bill sponsored
by Senators Tait, Ellender and Wag
ner and the House Banking Com
mittee has started hearings on the
bill to remove certain remaining
wartime housing controls.
Dlatrtet Theaters Net Up.
District Theaters Corp. earned
consolidated net profit in 1946 of
1545,927, equal to fl.6ê a share on
the common stock «gainst $297,289
or 97 cents a share a year ago. Con
solidated revenue amounted to $3,
705,621 vs. $3,121,339 in 1945.
Harry Preedman, president, report
ed to stockholders that the com
pany acquired eight additional the
ater leaseholds in 1946, a 51 per cent
interest in three corporations oper
ating five theaters, and the total
stock of two real estate companies.
The total cost of $14189.161 was
financed out of working capital and
from notes to banks.
Net profit from new theaters to
taled $50,494, after taxes and divi
dends from stock of partially owned
corporations amounted to $32,400.
Bank Clnb Name· Officers.
Lundeen Steefe ha* been elected
president of the Washington Loan
& Trust Club, with Carl Herr
mann, vice president; Prances
Powell, secretary: Elizabeth Hardy,
assistant secretary; Leona E. Drae
ger, treasurer.
B. C. Forbes, noted magazine edi
tor and publisher, gave an excep
tionally Interesting talk on business
problems before the American Pub
lic Relations Association at the Wil
lard yesterday noon.
I Business Briefs |
Steel Mill Operations for the cur
rent week were scheduled at 95.4%
of capacity, indicating production
of 1.669,400 tons—American Iron &
Steel Institute. Plgures last week
w»re 97 und 1.897.400 tons <new
postwar high); a month ago, 94.4%
and 1,651.900; a year ago. 87:1% and
1.535.000.
New Securities Marketed Today
included: 300,000 common shares of
Plymouth Rubber Co. at 13Vi; 25,000
shares of Gardner-Denver Co. cumu
lative 4% preferred stock at 100.
The Canadian dollar (free rate)
at New York declined to 92.75 cents
to the American dollar, a discount
of 7U% and V» of a cent below yes
terday. It was. the lowest point
«inee last July.
Pennsylvania Crude Oil Prices
were raised 10 cents a barrel by the
Joseph 8«ep Purchasing Agency of
South Penn Oil Co. Other com
panies followed suit.
Loew's, Inc., completed 115,000.000
of long-term financing with a $6,
000.000 eight-year loan from First
National Bank of Boston at 2% and
aale of $9,000.000 of 2.85% deben
tures, due 1965. to a group of insur
ance companies.
American Can Co. sales this year
could well be 50% above the 1936-40
average, without consideration of
January price increases, said Pres
ident D W. Figgis. Physical as well
as dollar volume broke all records
In the first quarter.
Safeway Store·, Inc.. sales in four
weeks ended March 22 totaled $84.
215,490, a jump of 37.2% from a
year ago; in 12 weeks ended the
same date. $240,051.520, an in
ereaae of 32.6%.
Philadelphia Co. and subsidiaries
reported net Income of $6.011,705 or
71 cents in 1946 vs. $6,297,965 or 76
cents in 1945.
980.87# or 111.77 In 13 months ended
January 31 vs. t3.481.S9S or $4.51 in
the previous year.
Fruehanf Trailer Ce. profit for
1948 was 88.439.578 or 84.15 vs. 81,
873.395 or 81.15 in 1945.
Consolidated Paper Corp., Ltd..
earned 84,859.183 or 81.89 in 1946 va.
81.788,753 or 70 cents in the previous
year.
Food Fair Store· profit for 1948
was 83.742,084 or 83.27 vs. 8948,129 or
57 cents in 1945.
American Safety Razor Corp.
earned 83.426,779 or 82.42 in 1946 vs.
81.890,598 or 81.33 In the previous
year.
Fhilco Corp. profit for 1948 vu
83.107.480 or 82.13 vs. 82,377,238 or
$1.73 In 1945.
Lockheed Aircraft Corp. earned
88.058,785 or 83.84 In 1948, Including
813.711.558 of tax carry-back credits
and $13.798.474 from reserves, vs.
profit of 85,489.888 or $5.08 in 1945.
Champion Paper Jk Fibre Co. net
for 12 weeks ended February 2 was
$1340,548 or $1.12 vs. *286,469 or 18
cents a year earlier.
Eastern Air Line*, Ine- earned
83.504,843 or 81.46 in 1948 vs. $2,128,.
394 or M cents in the previous year.
Lehifh Coal Λ Navigation Co. net
income for 1948 was $2,701335 or
11.40 vs. $1.703,379 or 88 cents in 1945.
Standard Fruit £ Steamship Co.
earned «2.513.128 in 1948 vs. $1,112,
318 In the previous year.
Interchemicai Corp. profit for
1846 was 82,281,704 or 85.98 vs. $1,-1
033.819 or 82.19 in 1945
Wiebolt Stores, I nr., earned 82,-:
042,359 or 86.96 in 12 months ended;
January 31 vs. 81,820.778 or 85.28 in|
the previous year. ,
BammermiQ Paper Co. earned:
$940.206 or $4.32 in 1948 vs. 8528,038)
vt >2.35 in the previous year.
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HerclPwdr 36» 7 37% 37 57 -1%
tHereh ct pf 4a. 10 128 128 128 - %
Hlnde & Dau 2 . 1 30 30 30 -%
Hollander&Sla. 1 17% 17% 17%+1
Homestake %«.. 17 42 41% 42 + %
Houd-H«rih»y 6 16% 16% 16% - %
Hshold Fin 1.80 4 32% 32 32 - %
'Househld pfS% 60 101 100% 100% - '/>
Houat LAP 3 60 2 87 86% 87 - %
Houston Oil He 20 23Ά 22% 23 + %
Hove Sound 2 2 36% 36% 36% - %
Hudson Mot .40 28 17% 17 17% - >4
Hunt Poods 6 21% 21% 21%- %
Hupn Corn - 3 5% 5% 5%
ILL CENTRAL 12 25% 25 25% + Η
111 Ter R R ,3β» β VA 9 # - %
IndplsPftLl 40a 1 27 27 27 + %
Industrl Κ Hex. 1 13% 13% 13'*
Indust Rayon ». 11 43% 42% 42%-1
Intend Stl .40*- » 36 35% 36
l : "4 16% 16* 16%+%
interehemCrp 2 · 43 43 43
tntarfika Ir.60e 5 12% 12% 12% + %
Int Harvester 4 14 87 86% 86»/» - %
tînt Harrpf 7.. 30 183 183 183 + %
Int Hydro XI A. 8 »% »% »%
Int MACb 1.Λ0. 3 2·* 28% 2#% + %
Int Nickel 1 60- 28 32% 32% 32%
r— * B—»» β 1* i«i Jt . u
fnt Ri Cen Am » 13% 13 13"- ii
fIntRyCApf2 V*k 10 110 110 110
tnt Salt Hk ... 1 90 SO 90 -3
Γηt Shoe 2.40— 1 40% 40% 40% 4· V*
Int Silver It ._ 1 47% 4*2 Jn*! £
int Tel & Tel 46 14% 14 14 _ u
inter Deo strs « 1 as ts as -lu
ΓΛ'Ϊ5?.2 - F v" 1 41,4 41V* 41* - '<■*
'ACOBB Π a 10% 10% 10% + %
'JerCntP&L pf4 30 103 102% 103
Jewel Tea 2.4«Ja 4 48% 48 48 -1
tJewelTea pf4V« 30 108% 108% 108% - %
John» Manv »-,t 1 12214 12214 122% -1%
JohnsonAJ 20» 4 ββ <5% ββ + %
Jones ft L 8t) S 19 34% 34% 34% + %
Jones A L pi A 8 1 98% 98% 98% - %
Joy Mtnf 1.20a β 34% 33% 34'/*— V4
KALAMS&F.80 1 18% 18% 18% - %
'KCPiLt nfn «Ο 70 107% 107'/, 107% + %
Kan City South 7 23·/» 2J 23 -1
Kan Cft» 80 pf4 1 51 51 '51 _ 14
Kayser <J> Vig 3 15*4 151* 15% - %
Kelsey-Hay W Β 12 19% 191* 19%- %
Kennaeott C %« 12 47% 47% 47% + £
Keystone β 2a . 1 43V* 43V* 43% + %
Kmbrly-Clk.eOf β 25 24% 25
tKimb-Clrk of 4 ao 109V* 109% 109'/* + %
♦Kinney $8 pf 8 90 76 76 76
Koppers Co 1.80 8 30% 30% 30%- %
♦Koppers pi 4 . 60 9·% 99% 98% + %
Kresge (SS) Ht 11 36% 36% 36% - *
Kress«R%( . 3 51% 51% 51%- %
K™î"Co 2 40. a 46% 46% 46%- %
u ACLKDE 1 Of. 7 9% 9% 5%
Lambert Co 2a a 40% 40% 40U 4- 14
Lees JitS pf.r85160 99V* 99 99 - %
Lehiah C A Ν 1 6 11 11 χχ
Leh For Cem Si 2 38 38 38 -X
Uh Valley Coal 1 2% 2% 2% - v*
Len V Coal lpf3 10 23% 23% 23% — v*
Leh V Coal2pf'4 7 7% 7% 7%
Lehman Cp .«Or 5 45% 45 49% _ 14
Lehn Λ FinkVit 1 18 18 18 — %
Lerner Strs 1V* 1 21% 21% ai%
Libby Class 2 4 53 52% 93 4- %
LibMeNéL 80e 13 10% 10% 10%
Life Savers 38* a 34% 34 34 - u
UttetUkMyerSa 1 88% M% 88% - %
Lily Tulip 1% _. 1 39 39 39 + %
Μηκ-Belt 2» 6 91% 90 90%
Lion Oil 2 . 3 46 45% 45% — %
Lockheed Aire . 10 18% 18% 18% + %
Loew s Inc 1 % 19 83% a3% 2J% - %
Lone StarC 3V,a 2 71 7L, Λ —■ %
Utrrilard Prod 1 1 19% 1»% 1»% χ ν*
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LouH»UAN 3 82 1 48% 48% 48% - %
LowentnfcSl M,» 9 22% 22% 22%- %
♦Lowenstn pf4Vi 40 100 100 100
Lukens 8tJ 40 7 18% 18% 18% - %
MACK TRK834t 4 92 51% 31% - 2
Maey (RH) 1.60 6 36% 36 36
Matnarox 1 . 5 16% 16 161/4 4· %
Maracalbo 07e. 2 4% 4 4%
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MarlneMld 20Î a 7% 7% 7%+ %
'MarketStRr pr 1 11% 11% ιχ%_ ιΛ
Mmrtln Olfnn * *
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Mâthleson Al 1 »
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M«Tt»* Co V,e «
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Meter Fred Mrf - £ 2ha *«u «314 —
Motor Whl 120 » «M* »* «J* *
JSSK* leiw ιβΓ 107
Munsinewear^t 1 JJj J«É - V*
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Norwich Wi βΟ· 1 25* mm un — Vt
OHIO ZDI8 V* ' ioos* lAW* - V*
tohlo Μ P14.40 » IOWA 100* _ ^
Ohio Oil Wa « ,«! t2H ~ Η
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Oliver VtV* M· 1®'2 l?îvt iovk - V4
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Park* DaTlal eo J , J: 1·^ + v*
ParmeleeTr 1.20 1 1M* 1MJ %
Patlno It 1.06e » îîvï-*
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Penn-cent Alrl. » "j* JJJ
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PlUfbury M 1 βο 1 34% 34% 34% + %
PlttCk&CU He ι u " 1» - H
PltConCoal 1 40 16 i2'A M* 22% + %
Pitt Plate .SOa .. 17 37 36% 36% - %
PittScrJiB 1β«. * 8% »% ·% + %
PtttaBUel 3 11% 11% H% - %
tPltta Steel β Pf *0 73 X 73 73 - %
Pittfton Co 9 11H 22% «H - V*
Pressed Sel Car. 24 13% 13% 13% - %
Proctor A Ο 2a 17 «1% «1 «1%
PUb BveCOl 1 68 9 33% 33% 33%-%
Pub BveNJ 35c 6 23% 23% 23% - %
tpub SveNJ Pf7 20 123% 123% 123% + %
♦Pub SveNJ p(8 170 13» 13·% 13» +1%
tPub SveNJ PfO 70 114 114 114 - %
'Pub Svc NJ pf6 SO 10» 108% 10·%
tPubSBOpfB 40113 112% 113
fublicker Ind 12 2β% 29% 25%- %
♦Publlcker pf4%210 *8% »·% #·%- %
Pullman Va» .. 18 97% 97% 97%-1
Pure OUI 2» 24% 24% 24%+ %
Purity Bak 2.40 9 33% 33% 33%
RADIO CP 201 24 8% 8% 8% - %
Radio Cp pf3V4 ι 76% 76% 76%
Ea-Kth-01 20 21 13% 13% 13% + %
Rayonler Ine 6 22% 22 22% + %
Rayonler of 2 3 37% 36% 36% — %
Readlnc Co 1 . 2 20 20 20
Real 811k H βΟ- 1 19 19 19
Reeves Bros 1 1 13% 13% 13% — %
'Rets R A Co pf 10 103 103 103
Iterance Mf« la 4 19% 19% 19% - %
tRellance pf 3ty 90 81 81 81 — %
RemlntRnd.70b 7 39 39 39 — %
Reo Motors 2 '/i _ 4 29% 2·% 2»%- %
Rep Aviation 3 7% 7% 7% - %
Repub Picture»- 2 7% 7% 7%
Repub Steel la. 3» 28% 27% 27%— %
Revere Copr Vit 2 21% 21% 21% — %
Reynolds Met 1 31% 31% 31%
ReynTobB 140a » 40% 40% 40%
Rheem Mit 1 .. 1 21% 21% 21%-%
Richfield Oil 1- 4 19% 19% 19%
Roan Ant 22i . 14 10% 10 10% + %
Royal Type .«et* 2 24 24 24 - %
Ruberoid !4«... 2 91% 91 91%-%
Ruppert (J) 1__ 2 23% 22% 22%-%
SAFÏWAYSTI 8 23% 23 23%+ %
St L San »i« 4 7% 7% 7%
Sf L SanFran pf 3 26% 26% 26%+ %
Savage Arms % 3 »% »% »%
Schenlev Dlstl 2 119 37% 39% 37% + %
Scott Papr 1 80 1 42% 42% 42% - %
Scranton Blee 1 2 16% 16% 16%
tScovill Pf 3.66 130 100% 100% 100% + %
Sesb Air L R R 5 20 20 20
Seab ALRRof 3 92 92 92 + %
Seaboard OUI 1 26% 26% 26% - %
Sears Roebek la 23 36% 36 36 — %
Seeker Refrtatr 1 13% 13% 13% — %
Shamrock .60 . 3 23% 23 23%+ %
M m 14tL toi/. VtlA. 11
Shell ûoîîlW
Sheraton A .10f
Simmons Co </<(
Sinclair Oil 1
SmithfcCoron 1
3ocony-Vae V4a
SouAmGold.ZOe
So Care ΕΛΟ V»
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SeastOLtne 401
So CalEdKm..
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Southern Pac 4.
Southern Ry 3
Southrn Ry pf β
sparks Within·
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Sperry CP 1 Vie.
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Stand Brands 2
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Std Oil Ohio 1_.
Stand StlSp V'«f
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Sterling Dru» S
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Bun Oil lb
Sunray Oil 30e
Sunsh'neBis
Sunshine M 40.
Sweet* Co .601
Swlft&Co 1.60a
Swift Intl 1.60
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Texas Co 2a ..
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Tex Pac CStO 1
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rhateher .60b
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26% «6% + %
40% 40%+ %
40% 40%+ %
66% 66% + %
6% 6%- %
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20% 20%
13% 13%- %
62 62 + %
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36% 38%+ %
33% 33%
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40% 40%+ %l
66% 67 + %i
26% 26%- %
15 15 - %
41% 41%- %
45 45 -1
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15% 15%- %
21% 21%
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74% 74%+ %
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11% 11%
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103% 103%
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12% 12%
15% 15%- %
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49 49 -1
104 104 - %
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T^iCpich .. 1 14% 14% 14%+ £
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♦On B! Mo pf3V* 10 100 100 100 + %
anion Oil Cal 1 S I1H tin hia w
Dnion Pacific 6 3 114 113V* 114 + 14
Dtd Air Lin H. 30 17% IIH J7U+iu
Unit AlrLpf iV, 1 110% 110% ΐίθ% + %
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UBlt Bllcalt lk 11 43 44% 45 +2
Unit Carbon 1» 1 75>* 75% 75% -lu
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VANADIUM CP * 10 10 la -114
v*rt-Cam Sur 2 11 17% 17 17 - I*
Va CarolmChem 3 7% 7% 714
V»R«11 pf IV* 1 37% 37% J7% _ %
Writer <H> SOl 11 11% 11 <1 _ S
(VaiwortbCe tye β 11 ν* llu 1114
WARD ΒΑΧ 15c 3 13% Ï9% «Si J
Warner Bro 1 % 33 15% 15V. 15u '
Wa*hOaiLtl% 1 14 14 14 - 14
Warne Pump S 3 35 34% 3«v*
Webeer Tobae _ 1 9% 9% pu
«HWlOUlt <0 40% 43 46% 4*3
Weat Ind Bec la 1 31% 313* 3114 + u
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WT· PUIpAP u 1 41% 41% 41% + %
Wettern Air Lia 9 9 e% 9- u
WettAutaSup S. 4 56 90 90 — 1
Selected Stocks Gain,
But Many Leaders
Continue to Stumble
•y Victor Eubank
Pftil Financial Wrlt«f
NEW YORK. April 1.—Selective
recoveries appeared In today's
stock market although many lead
ers continued to stumble.
Steadying tendencies followed a
slightly lower opening. Dealings
quickened for a while, then reverted
to slowness. Moderately mixed
prices ruled near the fourth hour.
Earnings, dividends and hopes fori
a technical revival after three j
straight losing sessions inspired a
certain s'iount of professional bid
ding. The eoal mine holiday and
threatened telephone strike persist
ed as bearish material. Skeptics
regarding taxes and business pros
pects either trimmed accounts or
did nothing.
The weak spots of Monday,
Schenley and American Woolen, im
proved. Eastern Air Lines advanced
cm a pleasing annual statement. Re
sistant were Douglas Aircraft, Unit
ed Air Unes, American Airlines,
Chrysler, United States Steel,
Youngstown Sheet, American Tele
phone, Southern Railway, Southern
Pacific, Kennecott and Union Car
bide.
Backward Were United States
Rubber, Goodrich, General Motors,
Montgomery Ward, Texas Co., Du
Pont, Allied Chemical, Air Reduc
tion, General Electric, Phelps Dodge,
J. C. Penney, Republic Steel and
Santa Fe.
Washington Stock Exchange
SALES.
Garflnokel 4** preferred—40 at 24.
garflnckfl com new—20 at 20.
tpital Transit CO—80 At 27; 20 It 27.
Qarflncxel p^'LI^r,QT^rriI8 *'
Bid. Aiktd
An Ti Tei deb 3» 1856 . 128 ... .
Am Τ ft Τ ev deb 2%« 1991 114% US
Cap Traction lit 5· 1847 oov*
Cap Tranilt l«t ref 4* 1964 06 106*
City ft Suburban 6* 1848 09 ,
Oeorjetown Gat ltt 6s 1881 125*
Vol In fe 'kl m--:: ϊ?05 ::::
TtVl»lw° 08 10»"
2S -
Po?pf<Qi> 1QÎ* 111"
Wash Gas Lt com (1.50) 23* 26
Wash G Lt cum pfd (4.25) 104£ 105
Wasfc o Lt cum ev pf <4.50) If' *v"
Wash R» & m com(a8.00) 6
m
Ry & 11 com(*9 00) $60
I.MJK AND $R06T COMPART
S3 e?CB«hMdaC?tl.èo)I*3jks
Capital (.80) „ 31
Com ft Savin ο (new) (10). 382* 400
Liberty (t7) 800
Llneo;n (tS)._ »Iti
Nat l 8a» Tr (8.00) . _ 880
Prince Georges Β Λ Tr (tl) «25*4
Rl»*s U2> . «350 870
Union Truat (new) 41
Washington (β) 180 190
Wash Loan ft Tr (12) -- 305 370
FIRB AND TITLK INSURANCE.
American (t6) 160
Columbia (t.30) 12*
Firemen's (1.40) 82
National Union (.78) 14
Real Estate (t8) 186
MISCIUbAHBOUS.
Carpel Corp (S.00)._.. .. 40
Garflnckel com new (1.50) 19% 21
Garfl b'r eu ev pf (1.375) 2714
Girtl 4*ft cu ev pf (1.126) 23* 24
(Do. (1.80) „ 28* 28
3%% cu ,P/ (3.76)-- 100,, 104
an Mono (1.00) _ 18* 14V
Mergenthaler Lino (a.76) 60 64
Natl Mtg· ft Inr pfd (p.4"
Peon Drue Strs com (tl.«
Heeht
Hecht ,
Lanston.Mono Jl.OO) _ ÎS* l4*j
7 40) 8*
..-.80) 48
Security Storage (t6> 106
Ter Ref ft Wh Corp (3) .68 . -
Wdwd fi Loth eom (t2.00) 40 52
Wdwd ft Loth pfd (7). 126
•Ex dividend, β Books closed. TPlus extra I
or extras, a Paid so far toll year, ρ Paid j
1946.
Chicago Grain
CHICAGO; April 1 (/Pi.—Confirmation of
renewed export lnoulry for corn anti Com
modity Credit Corp. buying started a rood
rally In corn toward the cl"* : " r " t
?&9f.
vvuiuiïfwat uu/itw VA UV un ** mc a t, auu
corn at tie day's low spots developed mild
^r^wi^nWràfeVFe^ri
interest in corn was definitely established
that a sustained rally developed.
Corn bookings were placed at 19,000
bushels against 305.000 bushels sold.
The buying wave continued until the
closing bell when wheat was 1% to 7 cents
higher. than the previous close; May.
12.88-2.66%; corn was % to 1% hither:
May. $1.8034-1.81. Oats were unchanged
to i% higher; May. «8%-%.
WHXAT—Open. High. Low. close.
May 2784 · 2.68% 2.80 2.58-58%
July—.— 2.24% 2.20% 2.23 3.3«-.?-»-s
September 2.18% 2.24»4 3.18%
December 2.12% 2.19% 2.12% 2.19%
CORN—
May 1.79 1.81 1.78% 1.80%-81
July 1.72 1.78 1.70% 1.74%-%
September 1.84 1.87 1.82% 1.88%
December 1.80 1.83*4 1.80 1.53%'
OATS—
May . .««.8»% .«7* .*?%-*«
July .803, .82 .79% ,81%-82
September .74% .76% .74% .7fi%-%
December .71% .73% .71% .73'»-%
BARLEY —
Mey 1.64
LARD—
July 27.80 27.5Λ 27.30 27.85
September 27.00 27.00 28.70 20.90
October 24.75
November 22.37 22.37 22.15 22.32
Chicago C«»h Market.
Wheat .none. Corn. No. 1 yellow,
1.87%; No. 3 1.83%-1.85%; No. 4. 1.78%
1.81%; No. 5. 1.87-1 73%; sample traie
yellow. 1.83%. Oats. No. 1 white. 94
94%; No. 3 white, 91% unplt trade
white. 87%. Barley, malting. 1.80-2.00.
nominal; feed. 1.40-1.80. Field seed, per
hundredweight, nominal; red clover. 43.00
47.00; sweet clover. 11.50-13 nn; red top,
17.80-18.00: timothy. 7.40-7.78.
Chicago Livestock
CHICAGO. April 1 (ΛΊ fUSDAI.—Salible
hots. 7.000: total. 10.800: slow: 78 cents
to SI lower on all welthts and sow»; too.
28.25: most good and choice 180-200
pounds. 28.50-28.10: tood and choice 270
290 pounds. 24.75-25.50; 300-380 pounds.
04.00-24.75: most tood and choice sows.
21.80-22.00: few choice. 22.28.
Salable cattle. 7.500; total. 7.500; salable
calves. 1.200; total. 1,200: slauthter steers
and heifers dragty. weak: cows rather
slow, steady to wesk: two loads choice
1.250-pound fed steers, 28.80: two loads
held higher: bulk average-medium to top
good steers, 1.125 pounds down, 20.50
24.75: bulk medium to top-good heifers,
18.80-23 00: load ftrietly good 1.200.
Dound fed cows. 18.50: bulk common and
medium row*. 12.75-15.25: cancers and
cutters. 9.50-12.50: sausage bulls weak
at 18.50 down and beef bulls 25 cents
lower, with 18.00 the practical top: veai
ers steady at 25.00 down: few. 28.00.
Salable sheen. 3.500: tota'. 4.500- higher
asking prices retarding trade: mostly early
bids around steady;' good and choice fed
wooled lamb." hid 22.75-23.00: generally
asking around 25 eents hither: beat wooled
lambs held upward to 23 38; other classes
searee. s
Dividends Announced
NEW YORK. April 1 UPV—Dividends
declared: . , ,
Site. Ρe- Stock of Pay-1
riod. Record. »bj> j
P*e Pt C — 4-18 4-38 !
Am Asphalt Roof _ 25c Q 3-31 4-15
Atch Τ to Β ft Ry. #1.5(1— β-β β-2
Baldwin Rubber 17ifce— 4·1δ 4*28
Cent Hudion Q A l-.lSe— 4-1 4-10
tr«l Ohio » * L..40C Q 4-1. 4-18
0»i tc *1 Sftc — 4-18 8-15
~ * 4-3<)
cm _ __ ___
Delaware Ρ tc L ... ÎSc Q 4-4
Gardner-Denver _ _ 25c Q 4-·? 4-21 ι
Natl Deot 8tn ... 25"— 4-B 4-15
Outlet CO .. — $i:28— 4-21 8-1
Perte Devis * Co 40c — 4-11 4-30
Reel 811k H08 Mills 15r — 5-23 rt-15j
S * W me roods.. 25c Ο 4-1 « 4-30
Parte Devis * Co 40c— 4-11 4-30
- " ""■· ^OS Mills 15c— 5-23 «-1F
_ . . _ie Foods.. 25c Ο 4-1* 4-3f
Union Oil Call? 25c Q 4-10 5-18
8*1 β»—»
Stock and Add Net
Dividend Rate. 00. Hlth. Low 2:30. crt»».
Western Md . 1 «Μι β'* 6>Λ - *
West Pacific 8.. 1 39* 39* 39* — *
West On Tel Α.. 1 UH 19* 19*-*
Wstns Vr Br 1» « 32 31* 31* - *
Westine Blec 1 13 29* 29* 29*
'WstlneE Pf3H 30 100 100 100 + *
WstngElpfBS 80 1109 109 103
Westvaco 1.40 1 34 34 34
♦Wh&L* PÎ5VÎ, 20100*100*100*-*
Wheel Steel It 9 41 40* 41 - *
twhMieu prpfl «0 101* 100* 100* -1
Whit· Motor 1· 3 M 29* 26 - *
White SewlM M t 14* 14* 14*,- *
WitoOX OU .20 1 β* <* β*-*
Wlllyt-Overland 4 11* 11* 11*+ *
Wilson A Co SO 9 13* 13* 13*
Wilson-Joes 5%s 1 19* 19* 19*
Woodward Ir 4. 3 9· 90 90
Woolworth 2s 10 40* 40* 40*4- *
Wrthns PAM lb 1 «2* «2* «2* - *
tWthnt prof4'.* 20 93* 93* 93* - *
Wyand Wor 40· 12 12 11* 11* + *
TALC AT eoa- 3 40 40 40 + *
York Corp JO 10 13* 13* 13* - *
Ync8pAWireV.1i 1 19* 19* 19*- *,
YunsSheetAT 4 0 «7* «7 47* + *!
ΖΟΝΓΠΕ 15» 7 9 0* 9
Itstb 0«Im Ν the bcksan T«4»»j
11:00 a.v.. 210 000 13:00 noon 370000:
1:00 P.m.. 440 000 2:00 P.m. 920 000
tUnit of traduis. 10 sbaree. 'In b&nc
ruptcr or receivership or belnc reorganised
under the Bankruptcy Act. or secarttl··!
assumed bj such companies. Ratas of
dividends la the forecdnf table are annuu
disbursements baaed on the last euarterlr
or ami annual declaration. Unless other
wise noted, special or extra dividends are
sot included, zd Kx dividend, zr fx riehu.
a Also extra or ex^as. b Mus .stock dlyi
Π&|βΛ-_ι>1
far this year hi
fini·, k Aeeca»2a*
declared this rear.
ft
stock. ^ „
" la.
Norfolk Southern Reported
Under Kingsley Control
»y »h· AimnMd ' ·.*.
NORFOLK. Va., April 1.—The
Norfolk Virgihian-Pilot reported
that Ma J. Joseph T. Kingsley of
Falls Church, recently named chair
man of the Board of Director» of the
Norfolk Southern Railway, last night
admitted inferential^ that be had
acquired control of the North Car
olina-Virginia road.
Questioned by telephone in Wash
ington, the newspaper said M&j.
Kingsley reported that "any an
nouncement on that matter would
be premature^ in view of the meet
ing of the board May 14."
The railway, with terminals at
Charlotte. N. C., and Norfolk, serves
an extensive agricultural area.
Week's Failures Rise
New YORK, April 1 (^.—Com
mercial and industrial failures
turned upward in the week ended
March 37 after a three-week decline
and totaled 93, the next-to-highest
number reported for any similar
period since 1943. This compared
with 47 in the preceding week and
18 in the corresponding "week last
year.
Adopt Short Week
NEW YORK, April 1 (if).—Mem
bers of the Government Security
Dealer Group, comprising 1· Gov
ernment bond dealers in New vork
and Chicago, have agreed to stipend
operations on Saturdays, beginning
April 5, R. C. Morris, group chair
man, said today.
Ν. Υ. Bond Market
<F»r»lah«d to tl»« Aseeelated Pren.>
SELECTED LUT OF IHOH.
FOREIGN 2:»U|
ChileMB 6t62 a 25V*
Conenh 4Hl 68
Denmark β* 4Ϊ
Peru 2nd 8s 81- 1·%
DOMESTIC 2:30
Am T*T2*is 61 113%
AmTftT 2Vis 80 101%
ΛιηΤ&Τ2Ηιβθ ΜΗ
AmTeb*cco3«e8-10«
Α Τ β P4« 96 . 131%
Β ΛΟ Ht m 48 100
B40BSA «%!
Β AO 96 C 74%
Β Αι Ο 2000 D _ _ 82V*
BAOCTWI .. 47V*
Β 4 Ο 4148 M
B«th 8tl 2%s 70103V*
Boit Me 4V4s 70 60
Bost Me 4s 80 M
BulRoch&P67st
BurlCR&N6s34 33
Can Pae 4s nerpl03
Cent Ga cn6>46. 38%
CRRNJ6s87 M
CB&Q454» 77..114V4
CBAQ 3VM 8B. 102%
ChlIftL4V42003 40%
CMStP4V4s2019 83
CM8tP4V4(2044 97%
ChiANW 4>/i«89 78V*
CRIP 4Vis 80 ._ 20%
CRI.P4s88 .. 78
CRIP ri 4» 34 _ 32
CCC8tL4V*s77 73V*
CCC8L m 4f 93 92 VA
Col*So4%(80 3SH
Del * Rild 4( 83 »«>/.
Del LkAcWn6i73 83%
Del LAW4S2042 3*VA
Erie 4V4s 2016. 72%
90
M
24%
7·
M
g rie 3V,« 90 P__ 91
Brie 2· 63 M VA
Qrt Nor 2V«s 82 98VA
GrnB&W deb Β 7%
GM*OB2044wl «7
Houshld 2Vii«70 101VA
HuddtM rf 6· 67 3BVA
Hud&M in 6i 67 18V4
I C 4%· ββ . «2
ICC8tLou5s63* 9W4]
IntGtNor fis 62 22V*|
Int G Ν lite>62 3β>/*[
Int Ot No6e68B
IntHydroE16«441044*
int T&T 4Vis 621004*
J on S* Le 3V«fil 103V*
K*n C Son 4s76 1044*
UhVICl 6>74 It «4
Leh Val 4β 2003 3«VA
LorrlUard 3s 83 109
M8P88M4(91_ 33*
M-K-T 61 62a .
M-K-T lit 4(90
Mo Pae 6Ha 49.
Mo Pae 6a 77 Ρ
Mo PAC (B 4a 76
Ν·«Μ*Τ6(6210MA
NYC 1*6(3018. MVA
NYC4Via3018A 78%
Ν YC con 4(98 72%
NYRH JtB4 V*a87 19V»
NYNH&H 4( 68 38
NYNR*H8W(64 34
NYWB «Ha 48 18VA
NorflkBoBa 2014 40
NerPae4Vfcs2047100VA
NorPae 3( 2047 73VA
Ohio Xd 2*«s 76 102%
PennCtAir3V%a80 82
PennRR rn6s8S 1134*
PennRRi4Vi(88 1C8VA
PtnRR «( 48 102V*
PennRR 3Vi(52 108%
PennRR 3V«i es 95VA
Phlla El 2V«( 74 104%
. PCCStL 6« 70 A 11'
TReadlnt 3 Ha 96 9!%
atLBP 4 HI2022 90%
3tLe»nPrn4s8T 87%
StLBoWeat 6(42 VOV*
Saab lne4V42018 72%
Shell Un 3V4a 71 99V*
Soeony-V2 V*a78 ÎOOVA
SoPaelfic4V4s8l 95%
80 PACSPT 4(60109%
8o Hy *n 4a 68 102
SWBellTiaVUfte 103%
StdOilNJ2%a71 99V*
Third Ατ· Β! 80 83VA
Third Ave 4« 80 100
Ο 8 Rub 2H( 78100
Va El&P 2V«( 76104%
Wabaah 4V<a 91 MVA
W(Pac4Vis2014 109%
West Cn 6s 80 834*
West Un 4Η· 60 89V*
Wise Cent 4s 49 69
Ν. Y. Curb Market
LIST INCLUDES ONLY SELECTED ISSUES
CHANGED FROM PREVIOUS CLOSE.
Alum Co Am 2
2:30 Gen Plywd .80*
70 Goldfleld Cons
22V*
1
AmC PftL Β.ίβι 3*|
Am Cynamld 1» 4# J
AmfcFtnPwr wr IV*]
Am Gt> & EI 2* 41V* |
Am Genera) h* 2H;
nuuiuic vu /Λ» . «"»■
KaUer-Prater r 7
Klntston Pr JO > '
Kirby Pet .1M 11V*
Lake Shr M 18c 13V*
Lone Island It* * i
Am Repub %·-- *OM|Louia LdMx.80 13V*
Barium Steel.. 5
BerkftGay Pur η 2V*I
BreeieCp 1 80., 13M
Brewater Aere . 4?»
BrownFDlat .80 1SH
Burma Ltd. IV*
calllte Tunc... 4
CarrConBliel. 14V*
Catalln Am .40a 14V*|
Cent ft Sw Oerp 10V*
Child* Pf Ιββν*
CitiesService __ w*|
Claude Neon.... ÎH
Col PuelAIr w* 9H
Colti Pat Ρ Arm 33
ComnftSou war Via
Con* OK Β 8.80 73Η
con MlftSm2Via 77V*
ConsTextile.eOa ·Η
ContPdyftM Vit 1W»
Croft Brew 06e 1H
Crown Cent Pet 3V*!
CrownDrut.lO» S
CubAtlButltt 23?k
El Bondir Share 13?»]
Elliott Co -- »1 ,
Faulty Corp M*|
Eureka C Ltd .. 2M<
Palrcblld Ε ft A 3V*
Panateel Mtl '/«e 18V*]
Pedder* Qui .80 13
Menaaco Mit--. 2H
Meiabl Iron 3V*
MldlandStlB vte 4%
Mid Wat CrnVif Z3H
Molybdenum Vi W
NatBellaaH .30a 3V*
Nlacara Sud Pr #
Nile* Bern .15». 13»
Ne Am Lt ft Pwr *'<*
Northeast Airl_. ·ν*
Pan Am Air war »V*
Pantepec OH .94 10
Penaroad V«·.. «V»
Pioneer Gold 3H
Pitney-Bow .80.
PremlerQold .
a-κ-ο opt war.
Raytheon Mfc
St. Red* Paoer
liV*
H
3*
*Uj
ψ*
Schlff Co la .. 32V*
Setal Lock
Solar Aire .80
Sonotone
Std Cap ft Seal
3H
11»
31/4
XM
Textron Inc V«e 15V*
Trl-Contl
DnexcelChen V<e
Otd Lt * Ry* I
ValtparCorp >/4e 10·/*
Wtlaon Broa He 7%
Wrltht Hart .18 M4
Mt
m
HH
Rate* or dlTldend* In the foretolna
table are anneal dlaburaementa baaed oa
the latt quarterly or lemiannual decla
ration. Unie»· otherwlH notel ipeclal
or extra dlTldend* are not Included,
a Al*o extra or extra*, b Plu* ttock dlTl
dend. t Ca»h or itock. e Paid laat year,
f Payable In atock. « Declared or Mid
m far tblt year, η Payable In Canadian
rand*. k Accumulated dlTldend* paid
or declared tbla year. ,. η Jfew Una.
ww with warranta, xw without warrant·.
Washington Produce
Prom the Department ot Agriculture.
BOOS—Market ateady. receipts increaa
int. suppllea ample to (air demand; price*
paid f.o.b. Waahintton for Pederal-State
traded eata received from tradint atationa.
April 1, 1947: whitea. browns, mixed col
ors. u. 8. trade A. larte, 46; mediums.
.18-40; averate. 38 Vi : email. 80; D. 8.
trade B, larte, 40; U. S. trade C. 34;
commercial traded etta. trade A. larte.
4.1-48; mediuma. 42V4: current receipts,
39-42; few alithtly hither.
LIVE POULTRT — Market firm and 1
cent hither on broilers, fryers and roast
era; heavy type fowl unehanted. lltht type
1 cent lower; receipta moderate and aaifa
faetorlly cleared under fair demand: prleea
paid f.o.b. Waahintton: Fowl, heavy type,
38-88; lltht type, ' "
and roasters, 33. _ .
DRESSED POULTRY (iced and *ome
22-24; brollfra, fryera ]
«Tcaiciu ww" r»»»**' »··■«»»» ——
fowl, firm and l to 2 cent hither on
broilers. fryers and roasters; receipt· mod
erate. supplies ample to food demand;
Drlees paid f.o.b. Wa«Mn*ton: Few', heavy.
44-45: broilers. 41-42: fryers, 37-88: fe*.
39: roasters. 4 pounds. 37-38: 4V4-5
pounds. 38-43.
Market Averages
STOCK·. 30 1»
Indst. Ralls.
ffet chante une. une.
today noon 91.1 34.0
Prer. day 91.1 ** ~
Weak aso I
Month ato I
Year ato 1( _
1947 hlth 94.β
1947 low 87.»
BONDS. 20 10 10 10 10LO«
Rails Indst. Otll. hn Yield
Net chance —.1 —1 - .1 une. 4-.1
Today noon 94.8 104.0 105.5 78.0 118.4
Prtv day - P4.9 104.1 108 4 78.0 118.3
Week ato 34.8 104.0 105.3 78.8 118.3
Month a KO 9S.5 103.5 104.8 78.3 118.5
Tear ato 108.8 104.9 198.1 77.5 120.1
1*47 hlth. 97.1 104.1 108.4 78.8 118.5
1947 low 94.8 103.3 104.0 74.8 115.3
(Complied by the Associated Frets.)
Foreign Exchange
NEW YORK, April 1 or».—Foreitn ex
chante rates follow (Great Britain In
dollars, others In cents):
Canadian dollar bt New York open mar
ket. 7V« per cent discount or 92.78 United
States cents, down % of a cent.
Bniope—-Great Britain. *4.02 13/18, np
1/18 of a cent: Trance (frane). .84J'«, up
H of a cent: Sweden (krena), 27.88. nn
««.('ΓMί, ,eoœiB"
Latln America—Artentina free. 24.48,
up .01 of a cent: Brasll free. 8.60. en
chanted: Mexico. 80.8». nnchanted.
New York Cotton
NCW TOIUC. April 1 (Λ.—Cotton fu
tures declined in slow deallnta Way :
with selltnt encourated by reports of !
lattlnt retail sale* ar.d consumer re- ;
siatanees to hlth prices.
Offerint* met saeale-down mt'l "carer- !
int atsinst textile sales. Some May haul
dation and switchins into leur months
took place In anticipation ef first notice j
day. April 2S.
Late afternoon prices were 5 to 95 cents
a bale lower than the previous close.
May. 35.80: July. 33.77. and October.
30.84. ;
Odd-Lot Dealings
PHILADBLPJUA. April 1 o*.—The. Se- ;
eu titles and Exchange Commission s re
ported today these transactions by etu
March 81: 4.030 purchase; lnrplrtnt. }!*·.
ÎS^îjjSi^ffeS'SjS·»
REAL ESTATE
LOANS—ALL TYPES
SALES
RENTS
INSURANCE
PHILLIPS* CANBY ft
FULLER, ΙΜβ.
ψ RmMMH·
LOANS
*
P.J.WALSHEJRO.
F.nnd.d ItM
LOANS
RÉAL ESTATE
ïïsssr sssurt'ttuiBrîs:
nut am or nott emi
6E0ME I. BOMER
M» MU» An. M.W.
Ν A. — 1
0α the 0Μβόβ§ tf ywar ftoM or
lUAmA — -■« — * -^·
\
... Before interest rates rise,
you should promptly, investigate
the protection end advantages
offered by refinancing new.
Straight or monthly payment
loans in any amount; first deed
of trust only. Plan prudently
for tomorrow by consulting with
us today.
Tfiy, jama η S raw ne r
c cfi*a(lij Corporation
nee ι» st. k.w. m. seee
DO you need increased income
to offset rising living cost·?
Yields on high grade bonds and
preferred» are too meager to be
of help, but it is possible to select
investment'grade common stocks
offering well-secured yields op
to 6%.
Such a selection of 10 out
standing issues, yielding 4.8%
to 6%, is presented" in the current !
UNITED Report. Some oi these
stocks also onêr excellent appre
ciation possibilities.
F« an introductory copy —
W for Bulletin WA-90 fMi!
United Business Service
ÏI0 Nf»4>urv 9. —- fcorfen 16. Mtoi
WE REGRET TO ANNOUNCE THE RETIREMENT OF
MR. LIVINGSTON T. MERCHANT
AS A SPECIAL PARTNER OF THIS FIRM
8CUDDER, STEVENS A CLARK
BOSTON NEW YORK PHILADELPHIA PROVIBKMef
APRIL f. 1947
Start a Savings Share Account Here
We belie»· thU U «n excellent liai· to
begin regular taring· through tha mWiw
ef a diridend earning ikare aneni
Later en, with year accent incroaiiag
steadily, yea will find yoartelf amply re
paid in peace ef mind aa well a· tecarity.
Don't try te tare what it left after «pend·
lag , . . there aiaally Ua't any. I «Head,
•pend what U left after taring. Year a··
count !· welcomed Here. 31 year* ef nceii*
fal operation.
ButtDfta"*
ASSOCIATION
(Under Government SupervisionJ Established IM
2·Ι· RHODE ISLAND AVE. N.E. * WOfctff lilt
WILL YOU
BE READY
WHEN
1 ΟρΡοηΙλ^Λνϋχι
'! KNOCKSf
When the chance comes to buy a new home, or invest in a
bueineaa, will you be ready? How about your children'e
éducation, or a retirement fund for yourself? Today ia tha
time to prepare for tomorrow . . . with an Intentât* /«
surti Savings Account Liberal dividende every β monthi.
Drop ia «ad talk it over.
BUILDING
ASSOCIATION
IMHiNwraAA*
DM)« DM
WE ANNOUNCE
THE OPTING OF OU*
WASHINGTON OFFlCI
AT
201 UNION TRUST BUILDING
Phone Republic 5324
UNDER THE /MANAGEMENT OP
ROBERT T. NORMAN
VM 7Π€ COnTifrvM OSIOvlQ 71 On Willi Us f«
BDWIN 0. FlATHfR
m R*gi*t«f*d Repreewnetive
Stein Bros.&Boyce
IN)
6 S. Calvert StrMt, Baltimore 2, AKi.
t
TeWphen· Plv·
ffW YOK PMUORPHU lOUKVUI
Hi|w»H MA C—É ιΗιί. Mi B. C
MMHRS NfW YOK «TOa DCCMANM
Mfrfl.lt*

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Evening star. [volume], April 01, 1947, Page A-19, Image 19
About Evening star. [volume] (Washington, D.C.) 1854-1972