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Evening star. [volume] (Washington, D.C.) 1854-1972, May 13, 1947, Image 17

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Program Announced
For 54th Conclave
Of Virginia Bankers
By Edward C. Stone
Virginia Bankers’ Association offi
cials have just Announced the pro
gram for the 54th annual conven
tion at The Cavalier, Vlrglna Beach,
May 79-31. _
Among the speakers will be D. W.
Michener, of the Chase National,
who will present “A Banker's View
of the Business Situation”; Daniel
W. Bell, president of the American
Security Si Trftst Co., Washington,
who will consider the "Bankers’ Re
sponsibility in Debt Management,”
and Raymond Rogers, New York
University, whose topic is "The Fi
nancial Outlook” The Rev. Roland
W. Wagner, pastor of the Central
Baptist .Church, Norfolk, will also
address the convention.
Thursday’s opening session will
Include the address of Joseph E.
Healy, association president, reports
and the nomination of officers and
directors.
O’Donnell Heads Chapter.
Charles W. O’Donnell former
president of the Distrk Under
writers’ Associa
tion, was elected
president of Dis
trict of Colum
bia Chapter,
Chartered Life
Underwriters, at
the
Hotel
noon.
eeeds G e o r
Haines.
Chester R.
Jones was named
vice president,
Joseph M. Sil
verman secre
tary - treasurer c. w. o-D.ni.en.
and Charles W. Hackney program
chairman. Directors are W. Elwood
Baker, James S. Holmes and J.
Mitchell Owens.
Reserve City Bankers Meet
Attending the annual meeting of
the Association of Reserve City
' Bankers, from Washington, are Rob
ert V. Fleming, Hilleary G. Hoskin
son, Sidney F. Taliaferro, Riggs Na
tional; John A. Reilly, Second Na
tional; Wilmer J. Waller, Hamilton
National; F. P. H. Siddens, Ameri
can Security & Trust Co. The three
day convention is at Swampscottf
Mass.
John C. Thompson, Newark, N. J„
was nominated in Chicago today to
head the Mortgage Blinkers’ Asso
ciation to succeed T. O. Hollyday of
Baltimore. The election is in Oc
tober, the Associated Press said.
First - Quarter Earnings Up.
warnings on the common stock of
the Lincoln Service Corp. for the
quarter ending March 31, after pro
vision for taxes and preferred divi
dends, were $3.60 a share, as com
pared with $1.59 in 1946 and $1.19
in 1945, for the like period, Charles
Delmar, president, announced today.
Business Up 150 Pet Cent
An Increase of over 150 per cent in
active accounts of the Commercial
Financing Division of the Commer
cial Credit Co., of Baltimore, was
reported today by F. M. Nicodemus,
vice president in charge of the di
vision. Dollar volume of such financ
ing amounted to more than $167,
000,000 in 1946 and will far exceed
that figure this year, he forecast.
| Business Briefs |
Sales of Chain Store* and mail
order houses in March totaled $2,
015.000. 000, a Jump of 22% from a
year ago and 73% above the 1935
39 average for that month—Com
merce Department. Chain store
sales alone were 42% above a year
ago.
Lower FDIC Assessments were op
posed by Chairman Maple T. Harl
at a Senate Banking Committee
hearing. He proposed instead that
the deposit insurance agency be al
lowed to repay the original capital
stock subscribed by the Treasury
and Federal Reserve Banks.
Commercial and Industrial Fail
ure* in the week ended May 8 rose
to 98, highest total for any week
since March, 1943.—Dun &, Brad
street. The total contrasted with
70 in the preceding week and 23 a
year ago.
The French Government an
nounced a "reconstruction” loan of
10.000. 000.000 francs ($84,000,000) at
4% interest, repayable in 40 years,
will be launched May 19.
Southern Pacific Railroad received
a high bid of 99.30 for a 3%%
coupon on $22,500,000 of San Fran
cisco Terminal bonds, due 1975. Re
ndering was planned at 100.45 to
yield 3.35%.
Southern California Water Co. re
ceived a high bid of 102.08 for a
2T4% coupon on $5,100,000 of bonds,
due 1977. Reoffering was planned
at 102}* to yield 2.74%.
Philippine Airlines directors voted
to increase capital to $5,000,000 and
split stock 10 for 1.
Rudolph Wurlitzer Co. declared a
dividend of 25 cents a share, payable
June 1. The firm paid 20 cents
each for three-quarters and 40
cents at the end of the fiscal year
in March.
United Corp. stockholders re
elected directors and approved
changing the corporation from a
utility holding company to an in
vestment company.
Standard Oil Co. of Ohio earned
13,443.783 or 81 cents a share in the
first 1947 quarter vs. $2,025,909 or 67
cents a year ago.
Missouri Pacific Railroad net in
come for the March quarter was $2,
791.507 vs. $428,640 in the same 1946
period.
New York, New Haven Sc Hartford
Railroad reported a deficit of $2,
042,461 in the March quarter vs. a
loss of $1.903263.
Consolidated Textile Co. earned
$1,445,660 or $2.87 In six months
ended March 1 vs. $311,565 or 62
cents a year ago.
Pacific Lighting Corp. net for 12
months ended March 31 was $7240,
041 or $421 vs. $7,721,461 or $4.18
in the preceding fiscal period.
Seaboard Finance Co. earned *1,
340276 or $1.62 in six months ended
March 31, including *707,063 profit
from sale of Canadian assets, vs.
*384,238 or 43 cents a year ago.
American Safety Razor Corp. and
subsidiaries reported net income of
*508210 or 36 cents for the March
quarter vs. *858,187 or 61 cents in
the same 1946 period.
Magnavox Co. earned *2,150,998 or
*4.30 in 12 months ended February
28 vs. *430,748 or *1.03 in the pre
vious year.
Central Railroad Co. of New Jer
sey reorganization plans be exam
ined at an ICC hearing here July 1.
Associated Dry Goods Corp. sales
In the March quarter totaled $33,
247,739, a gain of 4.6% from a year
ago.
National Cylinder Gas Co. is ex
panding foreign production and dis
tribution facilities by purchase of
firms in Venezuela and Colombia.
*
N. Y. STOCK EXCHANGE
(Fmrniflhed by the 4eeeet»tei Frm.)
Otlfti f
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ABBOTT LABS* 2 71% /1% 71%
A C P-Bffll MOt 1 8% 0%
Adame Bn BOe 18 14% 14 14 -%
Adame UlUi* 1* 1 43 43 43 — %
Addreuoch.86c 1 30% 30% 30%
AdninlCoip^f 4 8 8 8
Air Reduction 1 11 31* JO* m -*
Juneeu— 18 4* 4* 4* ^ *
Aldeos Inc l%a. 2 20% 20% 20%-1%
Allechany Corn 02 3% 3% 3%— %
AUeehany CD pf 39 29% 29 29 -1
Allechany pr of 2 39% 39% 39% — %
Altec Lodm ,40c 10 33% 33 33% - %
Allied Mflte 2c— 4 33% 33% 33%
AlliedStorea 8 »^32 31% 31%-%
ABU Chaim 1.00 8.31% 31% 31% - %
AlpbaPCem %cc 2 28% 28 28 + %
AmalLeath ,20c 2 8% 8% 8% ]
Amal Leath pf3. 1 47 47 47 -1
Amerada Pet 2.. 4 79% 79% 79%-1%
Am AcCh Del 2a 2 38 38 38 -1%
Am Airlines .. 31 9% 9% 8% — %
Am Alrl pf 3%. 4 73 72% 72%- %
Am Bank N ,80c 1 22% 22% 22%- %
f Am Bnk N pf 3 20 72% 71% 71%-1%
AmBrkSboeHc. 3 39 38% 38% — %
Am Cable A Bad 3 4% 4% 4%
♦ Am Can Pf 7 .. 40190 189 189 —1
>Am CarAPdy 3e. 7 41% 41 41 — %
♦Am Chicle 4a— 40141 140 140 —3
Am Color .80C.. 1 *1 21 21—1
Am Crrat 8. 60e 2 22% 22% 22%- %
Am DUtlUera 2a 1 20% 28% 28% - %
Am Encaustic . 1 4% 4% 4% — %
Am *XPt L 1.20 13 18% 18 18 - %
Am A Prn Pwr. 7 3% 3% 3%- %
Am A P P 2d Pf. 3 17% 17% ink
AmHldeALeath 4 6% 8% «%- %
Am HdALe pf 8. 1 32 32 32 “%
Am Home 1.20a 9 24% 24% 24% - %
Am Internl .55* 1 10% 10% 10%
Am Locoml.40a 23 21% 20% 20% - %
Am Loeom pPtl 1114% 114% 114% + %
Am MchAPd 80 4 20% 20% 2°%- %
iiuunsr iiiutiM/ ww —— — — - —
Am Metal 1_ 9 30% 29% 29%-%
Am Power ft Lt 48 11% 11% 11% - %
Am PftLMpf 8k 2 111% 111% 111% -1%
AmP&LS6nf2Hk 2 102 101% 102 -1
AmRadlator.40e 99 13 12% 12% - %
tAnTBadftS Pf7 10170 170 178 +1
Am Roll Mill 1« x27 28% *8% 28% - %
t Am RM pf 4H. 80 103% 103% 103%
Am Safe Rat la 14 10% 10% 10% - %
Am Seating He. 1 18 1® i?
Am SmeltftR 2a 27 51% 50 50 —M*
tAm SftR Pf 7- - 80 163% 162 182% •
Am Btl Pound 2. 6 29% 29% 29% - %
Am Store! .70*. 1 25% 25% 25% — %
Am Tel A Tel 8. 14 183% 183 183%-%
Am Tobae B 3a. 17 88 65% 65%-%
♦ am Tob pf 6... 20 153% 153% 153%
Am Viscose 2... 6 45 44% 44% — %
Am Water Wks 27 14% 14% 14% - %
Am Woolen 1H* 28 31 30% 30% -i %
Am Wool Pf 7 ... 4 93% 93 93 -1
Am Z LftS .10c - 6 6% 6% 6% — %
Anacon COP H*- 27 35% 35% 35% — %
tAiacondaWH* 1 47% 47% 47%
Andes Cop He.. 3 15 15 15'
Arch-Daniel Hi 6 31% 30% 30%-1
Armour ft Co 32 11% 11 11 — %
Armour prl4Hk 2 117 115% 115% “1%
Armst Cork .80* 1 42 42 42 —1%
Arnold ConstHa 1 15% 15% 15%
Artloom .80- 4 11% 11 11 ~ %
AsadDrrO 1.60 ®,J5%,H “ *
♦ Asm DO lit 6. 10 125 125 125
Asso Investors 2 1 43% 43% 43% + %
ttch T ft S P 0. 13 77 75 75 -2
tch T&SP pf 6 2 105 105 105 - %
AT Fine H«- 4 12% 12% 12%- %
Atl coast Line 4* 1 48% 48% 48%+ %
Atl Refining 1H 8 33% 33 33 -1
tAtl Refine Pf 4 70 109% 109 109 -1
tAtl Ref pfB3H 20 101 100% 101 - %
Atlas Corn 1.60. 14 22% 22% 22%- %
tAtlas Powdr lg 90 60 60 60
Austin Nichols.. 1 d% 6% 6%- %
Autocar He- 5 f 1% ** ,,
Auto Canteen 1x4 17% 17% 17% - %
AveoMfg.lOe . 44 ft 5 5 -%
Avco Mfg Pf 2% 7 42% 41% 41%-1
BLDLOCOIHe 10 18% 18% lg%- %
Balt A Ohio-13 9% 9% »%“ %
Balto ft Ohio pf 13 14 13% 13% — %
Bangor&Arostk 4 13% 12% 18% - %
Barber Asph He 1 50% 50% 50%
Barker Br He 4 20 20 20
Bamsdall Oil lax21 23% 22% 22%- %
BarukCigars la 1 19% 19% 19%-%
Beech Aircraft 13 8% 6% 6%—
Beech-Nut Pack 2 32 32 32 *- %
Beldlnc-Hm .80 3 13% 13% 13%
Bell Aircraft_ 1 13 13 13 — %%
Bell ft Howell Hx 1 18% 18% 18%+ %
Bendlx Avlat 2. 17 30% 29% 29% - %
Beneficial 1.20a 4 23% 23% 23%-%
Best ft Co 2a — 6 26 25% 26 -%
Best Poods 1.20. 4 22% 22 22 - %
Beth Steel 6 ... 28 82% 79% 79%-2%
Beth Steel pf 7. 7 140% 139 139 —2%
Blgelow-Sanf 2*x 1 48% 48% 48%+ %
Blaw-Knox .40* 2 14% 14% 14%-%
Bliss EW H* - 7 20% 20 20 - %
Bliss E W pf 2% 7 43% 43 43 - %
Boeing Air lc.. 12 16% 16 16 - %
Bohn Alum 1*.. 1 42 42 42 —1%
tv._a_1 a a An IAS 1AA 1AA -1U
♦Bon Ami B 2%. 20 58 58 58 -1
Bond Stores 2 _ 3 2734 2734 2734 + 34
Bordn Co 1.20*. 3 41 40% 41
Borg-Wamer2. 6 41% 403* 40%—134
Bors-Wrpf 334- 1 99% 99% 99%-%
Branlfl Air_ 8 »% 934 934 — %
irdg Brass .40* 10 1534 14% 14% - 34
BrUtct Manufs 2 11 31% 3134 3134 -34
Brlffs ftStral 2 2534 2534 2534-3*
Bristol-My 1*--X 1 393* 393* 393* - %
BklynCOas 1.60 6 19% 1934 19% - %
Brown Bill .20a X 4 30 293* 2934 — %
Buwrasfrr v4«. 14 14% 14% 14% - 3*
tBucTras Pf 7— 30182 122 122
BuddCo_ 54 103* 10 10 - %
tBudd Co Pf 5 .120 813* 81 81 — %
Buffalo Fr* .90* 2 27% 273* 2734 - 3*
Buf Ns * Pf8.60 3 1003* 1003* 100% —1
Bullard Co_ 2 17% 17% 17% — %
BulovaWatch 2a 10 27 26% 26% — %
Burling Mills la 12 15% 15% 15% -%
♦ Burling M nf 4 40 97% 97% 9734 -1%
Burr Ad M .80 7 13% 13% 13% - %
Bush Term .38*. 1 «J* 0J4—%
Butler Bros 34s. 11 12% 12% 12% — %
♦ButlerBronf434 20 102 102 102 +1%
Butte C & Z_ 5 3% 3% 3% - 3*
Byers A M 34*. 3 15% 153* 15%-%
♦Byers A M nf 7 60 98% 983* 98% - %
Byron Jack 1 a.. 2 21 203* 20% — %
CAl. PACK 13*. 1 26 26 26 - %
tCalif Pkpf 234 10 54% 54% 5434- %
Callahan Elnc 15 2% 2% 2% — 3*
Campbell W 34* * 25% 25% 25%-134
CanDryGA .30* 11 13 , , J2
♦ Can Dry pf 434 50 1193*119 119 —1
tcan Southn 3_ 40 46 46 46
CanPaciflc %*. 59 10% 10% 10%- %
♦Cap Adm pf 3- 10 52% 52% 52%
♦Caro C& 0 6 . 80 116% 116 116 - 3*
Caro PW&Lt 1*. 2 32% 32% 32% - %
Carpent 8tl 2*-. 1 44 44 44 —1
Carrier Corn_13 143* 14 14 — %
CarrlerCorp Pf2 1 3734 37% 373* — %
CaseUllCo .SO*. 4 32% 32% 32%- %
tease JI pf 7 - - 10 144 144 144 -1%
CaterpillrTrS. x 7 54% 51% 51%-1%
Celanest 34*_11 18% 18% 18% - %
Celotex Corn 1 _. 19 22% 21% 21%-1%
CentAgultre 134 4 20% 20% 20%
Cent Foundry_ 7 9% 934 9% — %
Cen H G&E .26* 3 9% 9% 9% - %
CenViol Su 2 Vie 3 23% 22% 22%-1%
Cerro dt Pas 2. 6 31% 31% 31% - %
Certam-ta ..JU*. ay aje* a«i uw — •/»
Chain Belt 1 — 3 22 21% 21%-%
Champ P AF la 2 21% 21% 21% - %
tChamp P pf4Vi 20 109 109 109
Che> * Ohio 8a 8 44 43% 43%
ChicagoCorp Vi* 40 7% 7% 7% — %
Chi * East 111_ 3 3% 3% 3%- %
Ch<AEIllA.r. 2 6% 6% 6%
Chi Great West 2 5% 5% ■ S% — %
2hl Ort West pf 5 9% 9% 9%
Chi M SPAPae 13 8% 6% 8% - %
CMSP&P pf7>£« 21 28% 27% 27% - %
Chi & NW le . 8 17% 17% 17% + %
Cbl A N W pf 5 . 4 40% 40% 40% - %
Chi Yello Cab 1. 2 12% 12% 12% - %
Chlekasha Vi*„ 1 16% 16% 16%
Chrysler 2%*-. 32 100% 99% 99%-%
Cln Q & B .70*- 20 26 23% 23%-%
ClTFinance2. 5 39% 39% 39%- %
Cltylnv.30*_10 8% 8% 8%-%
City Store* 1.20 5 15% 13% 13% - %
CleveElecIl]um2 30 37% 37% 37% - %
ClimaxMol 1.20 12 18% 1# 18 - %
ClU Peabody V4« 2 40% 40% 40% - %
Oolgate-P-P 2a 23 40% 39% 39%-3%
tColC-P-P pf3V4 40101 101 101 —1
Collins & Aik la 1 31% 31% 31% -1
Col Fuel&lr .80 13 13% 13% 13% - %
C01 Fuel&Ir of 1 1 17% 17% 17%+%
tColo & South- 130 9 9 9 —1
Columb B A 1*-. 4 23% 24% 23% + %
Columb BB It. * *5 24% 23 + %
ColQas&Zlec.OO 53 10% 10% 10% - %
Columbia Piet . 10 15% 13 13% — •%
Colum Carbn 2.x 5 33% 32% 32% — %
Cornel Credit 2 7 38% 37 37 f —2
♦coml Crnf3.60 60 108 108 108
ComlSolventa 1* 18 22% 22% 22% - %
ComwlthEd l.f0 13 30 29% 29% - %
Comwl A South 287 2% 2% 2% - %
Conde Na*t l_ 8 10 9% 9%- %
Cons Clear 2 .. 1 31 31 31
Con* Cop .15*-. 10 3% 3% 5%-%
Con* Edl* 1.60. 23 25% 23% 23%-%
Con* Edl* pffi - 1 106% 106% 106% - %
Con* Grocer* 1 *1 13% 13 13% - %
Con* Laundry 1 x 1 11% 11% 11%
Con* Nat Ga* 2 3 43 42% 42% - %
ConsRRCuba pf 10 20% 20 20 - %
Cona Vultee Vi*. 10 14% 13% 13%-%
ConsumPowl*. 2 35% 35% 39% — %
Container 1*— 7 36% 36 36 —1%
Cont Bakin* 1- 6 14% 14% 14% - %
Cont can 1 - 10 36% 36% 36%
Cont Diamd Vic. 10 10 9% 9% - %
Cont Inenrac 2- 3 49 48% 48% — %
Cont Motor*.— 11 7% 7% 7% — %
Cont OU Del Vi* 12 39 38% 38%-%
Cont Steel Vi* .. 3 13 13 19 - %
CopprwldStl 80 1 13 13 13
ICpwldStl pf2Vi 30 32 32 32 - %
tCornEXch 2.80140 94% 94 34
Com Prod 1V4* 7 66% 66 66%+ %
tCom Prod Pf 7. 20190 189 189
ComeD-DE .80 1 14% 14% 14%+ %
CornlncGlasa Vi 3 27% 27% 27% - %
Coty Inc 40e__. 2 3% 9% 3%-%
Coty Inti .20*— 3 3% 3% 3%-%
crane Co 1.60._ 5 29% 29% 29%-%
CrmofWbl.60 6 24% 24% 24%+%
CrownCork .80* 2 36% 33% 33% - %
CrownCk $2pf2. 1 49 49 49 - %
Crown Zel .90* 23 26% 23% 25%-%
tCrown Z Pf4.20 70 104% 104% 104% + %
tCrwnZeller pfi 130 110 103% 109% - %
Crucible Steel. 6 26% 26 26 -1
tCuba R R pf . 130 25% 23% 23%-%
Cub-Am Sua Vi* 39 15% 15 15%-%
Cudahy P 1.20a 2 36 36 36
Cunnln* Dr* la 1 43 43 43 —2
CurtU Publish 63 6% 7% 7%— %
Curtis P oral 3a 2 62 62 62 — %
Curt-Wri*ht Vie 24 4% 4% 4% - %
Curt-Wrt*htA 3 9 16% 16 16 - %
Cutler-Hm .SO* 1 21 20% 20%-%
DAVISON CHI. 2 18% 18% 18%- %
Day Po&Lt .90* xl2 30% 30% 30% - %
Decea Reel_ 8 15% 15% 13%- %
Deere ACo Vi*. 1 56% 36% 36%+%
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Deer* Pf 1.40_ 2 33* 35* 35*— *
Del A Hudaon 4- 5 35* 35 »-l*
Del Lack A Wn id 6* £* St” It
Den ARG Wet 8 8* •* «*- *
DAROWplct. tf 28* 2« 2»
Det Idle 1.20b.. 8 23* 23* 23*
DetMlchSto.80a « 11* 11* 11*- *
Det Steel Corp 1 2 IS* IS* IS* - *
Drroe&RA 1.20a 3 22* 22* 22*- *
Dt*tCp-ae* 60 10 12* 12* 12*- *
tDtteCBS A2* 1 51 50* 30*-2*
DoehlerJArre 1 12 32* 31* 31*-1*
Dome Wne.22* 23 12* 1C* 16*~ *
aaMBr 7** 3 58* ss s» - *
Dow CStemlcal 3. 5 157* 157 157* +1*
Dow Cheat of 4. 2 112 112 112
Drawer Indwt. 20 15* 14* 14*- *
Dreader I pf 8%. 1 58* SC* 96*-*
DunhlU Inti 1— 2 13* 13 13 - *
DoplanCrp ,80b. 1 28* 28* 28*-1
DO Pont del* 2c 8176*175*178*+*
DuPont nf 4V4 1127*127*127*-*
DWG Cl*ar .42* 1 15* 15* 15*-*
EAST AIR L*. 28 21 20* 20*-*
Bait 8ta 80 *9- 4 21* 21 21 -1
fait Kodak 7.. 2 234* 234 234 rl*
fdli BrStr lHi 3 20 20 20 '
Kkco Prod 1.20. 10 17* 17* 17*-*
tBkcoPrpfd*. 10109 105 109 - *
flattie Stop Nut 4 6* 6 6 — *
flee Auto-Lite 3 7 52* 52* 32*-1
H Boat 1*_ 7 11 10* 10*- M
H A Huiie .00* 6 3 3 3
tl Power A Lt 45 13* 13* 13*-*
HPALt$7Pf3*k 7 155* 154 154 -2
ElPwALtS6p?3k 2140* 140 140 -2*
BlecStorBat %*. 3 30* 30 50 — *
Etna’Radio l._ 1 15* 15* 15*-*
Bmp Did B11 12 2 16* 16* 16*-*
tKnd-John pf *. 20 104 103*104 + *
Bn* Pub See . 28 26* 25* 26 -1*
tBntPBPfB*. 20 108*108*108*+ *
Eqult Office B •_ 4 3* 3* 3*
Brie RBI .. f mb 8* 8*-*
furekd Will *.. 2 9* S* 5*- *
Bean*Prod*.. 10 20* 20* 20*- *
Brenbrp 1.20a. 7 13* 15* 15* — *
Ex-Cell-O S.60 _ 1 34* 34* 34*- *
Bzch-BuUet.80. 3 7* 7* 7* + *
PAJARDOSUl. 8 28* 28* 28*
Panti TelARad.. 11 5* 5* 5*- *
Fed Lt A Tree./ 3 21* 21* 21*- *
ireo Lai ne.. w w* ««>«*»» t™
Fed MneAtSm 3- X 37 37 37 + Vi
Fed Mosul lVi*. 1 42 42 % 42 -XI*
Pederat DSt 1 Vi 18 20 19% 19%- %
Plrest Tire 2*. - 7 49% 49 49 -1
Plrth Carpet la. 1 18% 16% 16% - %
Pllntkote %g._ 9 26% 25% 25%-%
World* Pow 1_ 6 15% 15 15 — %
Pollans Stl Vie. 19 17% 17% 17% - %
Pood Pair 8t 40 18 10% 1(5* 10%-%
Food Mach Via 3 72% 72% 72%-%
PosterWheel %« 6 21% 21 21 -1
tPost W flpf 1% 110 25% 25% 25%+%
Freeport Sul2% 8 40% 40% 40% - %
Pruehauf Tr* 1 3 27% 27% 27%
tFruehauf T 0(4330 100 100 100
GABRIEL y4«-_ 14 12% 11% 11% - %
Glair Robert_ 7 6% 6% 6% - %
OalrRpf 1.20— 1 20 20 20 - %
GalTln MfC B0_ 10 10 10 10 - %
Gard Denrer 1_ 4 16% 16% 16% — %
Gsr Wood Ind_. 17 6 5% 5%-%
GaylordCont la. 2 15% 15% 15%
GenAmInvl.48* 7 13 12% 12% — %
Gen Am Tr 2 Vi- 5 50% 50 50 -1
Oen Bakin* .60. 6 10% 10% 10%
Oen Bronx* .80. 1 12% 12% 12% - %
Oen Cable. 29 9% 9% 9%- %
tOehCable lpf 4 5 73% 73 73%-%
Oen Cable pf 3_ 3 38% 38% 36% -1
Oen Elec 1.80.. 52 33% 32% 32% - %
Oen Foods 2_15 41% 40% 40% - %
Oen MlllSlVi . 2 44% 44% 44%- %
Oen Motor 1%« x63 55% 54% 54%-1%
Oen Mot pf 6 .. 1127 127 127 +%
Gen Mot Pf 3%. 4 105% 104% 105% + %
Gen Out Advt 1. 2 15% 15% 15%-%
Gen Precis Eo 1 6 18% 18 18% + %
GenPubSvc .15* 18 3 2% 2%
Gen P Util .40*. 16 13% 13% 13% - %
Gen Real Ac Util 10 4% 4% 4% - %
Gen Refract Ytt 2 20*% 20% 20% - %
Gen Shoe 2% 7 28*% 28 28 - %
tGenStlCst Pf3k120 107*% 106 106% -1%
Oen Teleph 2.-. 1 33% 33% 33% - %
Gen Tlre&R la. 9 26% 26% 26%-%
Gillette SR 2%. 19* 28 27% 27% - %
Glmbel Bros 2b 1LJM 19% 20
Glldden Co 2.40 + >5*/« 35% 35% - %
Goodall-San 1% 4 23% 23% 23% - %
Goodrich B PI* 5 53% 52% 52% -1%
Goodrich Pf 6_ 2 102% 102% 102% - %
OoodrearT&R 4 x29 47% 47 47 —1
Goodyear pf 6—x 1106 106 106 + %
GothmHosl .40a 10 14 13% 13% •
Graham-Palee. 62 3% 3% 3%
OranbyCon .30* 9 7% 7% 7%
Granite Stl ,06e 3 15% 15 15 - %
Grant <WT) la- 11 26% 26 26 - %
GtNorlOctla 5 13% 13% 13%+%
at Nor Rypf 8- 28 39 38% 38% - %
Green HL 3a—. > 61% 61 61 + %
Greyhound Vi* 17 29% 29% 29% — %
Guantanamo Be 7 5% 5 5 — Vi
GulfMoAOh wl. ’17 7% 7% 7%-%
Gulf MobAOhlO. 29 8% 7% 7% - %
Gulf OU la_V»7 «2 61 61 -1
HALL PRINT la 1 15% 15% 15% - %
Hajnl Watch He 2 15% 15% 15% - %
tHamlltnW pf 4 70 102 102 102 -1
Harb-Walk He 4 21% 21 21 -1
Hart SAM 1.20* 5 30% 30 30 - %
Hat CpAmA He 1 7 7 7 - %
tHat Corp nf4H M> 98% 98% 98%
Hare* MI* Op 20 6 5% 5%-%
2«S“” 5 3 ft. 3 : 8
Hercules M He. 5 17% 16% 16%-%
Hersbey Choc 3. 3 77 77 ! 77
tHersh ev pf 49. 50 126% 125% 125% -1
Hewitt Robins 1 1 22% 22% 22% - %
Hlnde A Dau 2.. 2 28% 28% 28% — %
Holland Pnrn 11 1 23 23 23 - %
HollanderABla. 1 15% 15% M3% -1%
HoUy Sue 1_ 4 18 18 18 - %
Homestake He.. 26 44 42% 42% - %
Houd-Hersh He. 4 14% 14 14% - %
Hshold Pip 1.80. 1 30% 30% 30% - %
Houston LAP 2. 25 38 37% 38 — %
Houston LAP rt. 116 % Vis Vis-Vis
HouTton Oil He. 22 20% 20 20 — %
Howe Sound 2.. 2 34 34 34
Hudson A Man 10 3% 3% 3%
HudsonBaylH* 3 34 33% 33% — %
Hudson Mot .40 23 14% 14% 14%-%
Hunt Poods_ 2 16% 16% 16% - %
Hupp Corp . 27 4% 4% 4% — %
ILL CENTRAL 63 20% 19% 19%-1%
till Cnt Isd lna4 10 96 96 96 +1
111 Ter R R .36c. 5 8% 8% 8% - %
Ineer-Rand 8 . 2 112 110% 110% -6%
Inland Stl .909 . 2 34% 34% 34%-1%
Inspiration 1 .. 4 14% 14% 14% - %
Insuran Ctf.20a 5 7% 7% 7%
Interchip CD 1». 2 40% 40 40 —1%
tlnterch of 4H. 40 106 106 106
InterconRub He 3 4 4 4
Interlake Ir.80* 10 10% 10% 10% - %
Int BUS Mch 8.. 1197 197 197 - %
Int Harvester 4. 12 81 80 80 -1%
♦Int Harr pf 7.. 10 183% 183% 183%
Int Hydro El A- 20 7% 7 7 - %
Int MftCh 1.80. 2 25 24% 24% - %
tot Minin*_ 9 4% 4 4%+%
Int Nickel 160- 36 30% 30 30 - %
mt Paper 8_ 38 42% 41% 41% - %
Int Ry Cen Am. 14 10% 10 10 - %
♦IntRCA Pf3%k. 30 108 108 108
Int Shoe 2.40._ 5 39 38% 38%-1%
Int Silver 2*..- 1 43 43 43 -1%
Int Tel A Tel— 80' 11% 11 11 - %
Int TAT for ct. 8 11% 11% 11% - %
Inter Deo Strs 2 1 20 20 20
JACOBS PL... 10 8 7% 7% - %
tJerCntPAL >f4 10 101 101 101 - %
Jewel Tea 2.40a. 1 45 45 45 +1
Johns Manv He. 3 116% 116 116% -1%
Jones A L 8tl 2 27 30 29% 29% - %
Jones ft Lpf A 6 1 97% 97% 97% - %
Joy Manf 1.20a. 13 32% 31 31 -1%
KANS CITY 60 13 18 17% 17% - %
Kayser J le .. . 3 14% 14% 14%
Krlser-Hav W B 3 16% 16% 16% - %
Kennacott C Via 32 44% 44% 44% - %
Keystone 8 2a .. 1 41 41 41 4 %
Kmbrly-Clk.60g 3 24 23% 24
tKlmb-Clrk of 4 2 106% 106% 106% - %
KoppersCo 1.60 2 27% 27% 27%-%
tKoppera pf 4.. 20| 97% 97% 97%
Kresge SB Ik- 5 36% 36% 36% - %
Kroger Co 2.40. 3 43% 43 43 - %
uACLEDB .lOg. 16 5 3 5
La Cons pf .48*. 2 12% 12% 12%-%
Lambert Co 2a- 3 30 30 30 — %
Lee BnbrftTl 2a 2 40% 40 40 -1
LeeaJmsAS 1.40Z 1 23% 23% 23% - %
Lees J&8 pf3.85 30 99% 99% 99% 4 %
Lehlah C&N1 1 10% 10% 10% - %
LehPortCem 1% 2 34 33% 34 4 %
Leh VaUey Coal 2 2 2 2
Leb ▼ Coal 1PIS. 3 17 17 17
Leb V Cokl2pf% 3 6% 6% 6%
Leh Talley RR .13 5 5
Lehman Co .60* 4 41% 41% 41% - %
Lehn & Fink Vi* S 15% 1S% 19% - %
Lerner Strs 1 'A. 4 17% 17% 17%-%
Libby QlSU 2 - - 3 51% 31 51
Lib McN&L V4*_ 26 8% 8% 6% - %
Life Savers .70* 4 32 31% 32
Liggett*Mrer3a 1 80% 80% 80% - %
Link-Belt 2a... 3 31 31 31 -1
Lion 011 2_ 4 48 47% 47% 4 %
Lockheed Aire.. 9 12% 12% 12% 4 %
Lot*’* Xne 1%. 16 21% 21% 21% 4 %
Lone StarC 3%a 1 T54 64 64
Lone-Bell L.45k 7 15% 13% 13% - %
Lorrllard Prod 1 36 19% 18% 19% - %
tLorfflard of 7.. 30 171 170 170
LooUvilRN 8.62 6 41% 40% 41 -1
LowentafcSlHa 2 18% 18% 18% - %
Lokent Stl .40 . 4 13% 15% 13% - %
M'AND&F 1.65* 1 36% 36% 36%-%
Maey (RH) 1.60 3 32% 32% 32% -1
Magma Cop Vi*. 6 18% 18% 18%
Magnarox 1 — 7 12% 12% 12%
Manati So* %e. 2 8% 8% 8% - %
Marathon Crp 1 6 21% 21% 21% 4 %
MarlneMld .90* 5 7 . 6% 6% - %
tMarkatStRy pr 490 10% 10% 10%
ManhllFid2a. 9 29% 25% 29%- %
Martin Olenn 8 14 20 19% 19% 4 %
Masonite Corp 1 2 44% 44% 44%-%
MaftoiSac 1.80 1 29% 29% 29%-%
MathieaonAll. 3 26% 28% 26%-%
May Dept Btr* Sx 2 41% 41% 41% - %
tMayDcpt3.40pfx60 91% 91% 91% - %
Maytac Co Vie.. 6 9 8% 8%- %
McCall Corp Sa. 2 36% 36% 36% - %
McCrorrS 1.40a 2 29% 25% 25%
McOraw Klee 2a 2 39% 39 39 - %
McGrawBlll V, g 1 26 26 26
McIntyre 2.01a. 5 47 46% 47 4 %
McKeeS*R 7 40 13 31% 31% 31% - %
McLellan 6tr la 1 18% 18% 18% 4 %
Mead Corp .70s. 5 19% 19 19 - %
rMead Co pf 4% 10 99% 99% 99% - %
MengelCola... 9 18 17 17 -1%
Mercant 8tr« 1. 5 14% 14% 14% - %
Merck * C 1.40 1 49% 49% 49% -T
Meats Mach 2% 1 40 40 40
Miami Cop %*. 6 15% 15% 15%-%
Mld-ConPetl Vi* 8 36% 36 36 - %
Midland Stl F 2. 1 33 33 33 -1
Mtnn-BonReelg a S3 92% 52% - %
tMlnn H pf 8.20 10107 107 107 -1
|MKin MiKlna— 3 0% 8% 0%
M * St L Ry %« 3 13% 11% u%
M8F&S8MA1*. 7 9 8% 9 - %
Mbs MSdsM 1.40 5 56 56 56 -1
Mission Crp %*. * 33% 33% 33%-1
l
BtetL low. 2:80. $m.
Mo-Kan-Teias. 14 4% 4% 4%
Mo-Kan-Tax pf. 11 W* 14% 14% - %
Mohawk Car* 2. 1 37 37 37 *
Moiud Bos .20a. 4 s% a% 8%-H
Monsanto Ch 2. 13 32 51% 91%—]%
Smote MS* 2 112% 112 112%
Monts Ward 2^ IS 92% 91% Jlh- »
Moors-MeC L2_ 11 29% 24% W%
Motor Prod 2 19 19 1* - %
Motor Whi 1.20 1 21% 21% 21%-%
MnaUerBrs SO* 3 20% 20 20
MuIltniMig .80f » 14% IS 12 - %
tMulUni pf 7 zlO 104% 104% 104%- %
Murray Crs Ws 4 11% 11% 11% - %
NASB-KXLTVO< 37 13% 14% 14% - %
NatAcms2.Il* 2 28 29% 25%-l%
Nat Airline*_ 3 14 13% 13% - %
NatAnto Fib .80. 4 10% 10% 10% ,
Nat Artat 1.36*. 3 11% 11% u%+ %
Nat Bln; 1.10s.. 10 20% 28 28%-%
Nat Blsealt pf 7. 1183 189 183 +1%
Nat Can. 3 3% 3% 9%- %
Nat Cash S%8. 23 37% 38 38%-1%
Nat City Unas 1 13 9% 9% 9%-%
Nat Container * x 7 38% 38% 38%-1
Nat Cyln Oas.80 7 14% 14% 14%-%
Nat Daisy 1.80. 04 30% 23% 29%-l
NatDaptStrla. 9 19% 13% 19%- %
Nat Distillers 2. 14 13% 13% 13%
Nat Gypsum %s 25 17% 18% 18% - %
Nat Lead %a_ 2 28 27% 27%+%
tNat Ld of A 7.. 30183 187% 187%-1%
♦Nat Ld Pi B 8 30133 133 133 +1%
NatMMUC .16* 2 13% 13% 13%
Nat Few 4k L 8 1% 1% l%-%
Natl Steal 4_ 3 78% 78% 78%-1%
Net Supply . 20 13% 13% 13%- %
tNat Sup pi 8%. 10 83 89 83 - %
Fat Tta la_ 2 23 22% 22%
Nat Vnl Fibr BO 1 14% 14% 14% - %
Natomaale_ 8 12% 12 12%+%
Neh' Corn .80 . % 19% 19% 19% - %
Newraont Mi Viz lo 38% 37% 37% - %
NewntIndust2 . 6 27% 28% 2«%-l%
NewptNwa 8 ta z 3 19% 19 19% - %
NY Central BR. 79 14% 13% 13%-%
N Y CU A St L. 3 21% 21% 21%-1%
NYCASL pfSVik 1 83 S3 83 -1
NYC Omnlb Via. 1 13% 13% 13%+%
TNYPAL pI390 40 108 108 106 + %
N Y Shlpbld %«. 2 11% 11% 11% - %
tNor A Wat 10a 30 231 230 230 -2%
tNorlAWeat plA 40120 120 120 + %
No Am Aria la.. 9 8% 8% 8% — %
Nor Am CO Vib-. 57 26% 25% 26 - %
No Am CO rt— iOO 4% 4% 4% —Me
North Pacific la 23 15% 15% 15%-%
tNoStPw P13.60 30 101 100% 100% - %
NortbwatAlr Vie 20 14% 14% 14% - %
tNorthw Tel S 160 36% 35 36 + %
NorwalkTARVia 6 7% 7% 7%- %
Norwich Ph ,80a 2 14% 14 14% + %
OHIO OIL Via . 17 23 22% 22% - %
Oliver Corn Via. 9 19% 19% 19% - %
tOUver pi 4Vi -. 140 105 104% 105 - %
Omnlb ua Corp 1 5 8% 8% 8% — %
Otis Herat Via- 2 25% 25% 25% - %
tOutlet Co 4 Viz 40 87 86% 86%
Owena Glas lViz 1 75 75 75 + %
PAC AMFXSHlz 1 11 11 11 + %
Pac Oai A Pic 2 6 36% 30% 36%
PacOAErtwl. 31 1 1 1
Pac Mills 3_ 4 28% 28 28 — %
tPac TelATel It 30 109% 109% 109% -1
tPac TelAT pf 8 70 161 161 161
Pac Tin Coca .. 5 5% 5 5%
PaeWeatOUVie 3 31% 31% 31%+%
Packard M .18a. 94 5% 5% 5%
PnAmAirwyaVie 38 11% 11% 11% - %
Pan Am Pet Via. 2 13 13 13 — %
Panhdl NFL Via. 3 44% 44% 44% - %
Panhandle PAR 13 6% 6% 6% - %
ParafflneCos Vic 1 68 68 68 —2%
Pararont Plct it. 35 24% 24% 24%-%
ParkATUlord 8. 2 39% 39% 39% - %
Park Utah CU. 1 2% 2% 2%
Parka Oarlal 60 2 35 35 35 - %
Parker Rust 2 Vi 3 30 29% 29% — %
ParmeleeTr 1.20 3 8 7% 8 + %
Patino M Vic_ 5 11% 10% 10% - %
Penick A Pord-. 1 35 35 35 —1
Penney (JC> 2a 2 40% 40% 40%+ %
Penn-Cent Airl. 8 10 9% 9%— %
Penn-Dlzle Via- 5 17% 17 17 - %
Penn PAL ,60a- 10 19% 19% 19% - %
Penn R R Vie.— 61 19% 18% 18% - %
Penn Bait .3Ug_. o 39 30 xo*/> — vi
Pepti-Cola 70*. 64 *7% 26% 26%
PereM nrnf2%k 1107 107 107 -4
PfelBer Brew 1_ 1 14 14 14»
Pfizer C&Co 2a 11 41% 40% 40%-1%
PhelpsDgel ,60k . 25 39% 39 39 - %
t Phila Co 6 pf S 30 54 54 54
Phila Elect 1.S0. 27 24% 24% 24% - %
Phila El *1 nf 1. 1 28% 28% 28%
Phil&RC&Il*. 7 12% 12% 12% - %
Phllco Corn 1%. 8 25 24% 24% - %
Philip Mori %a. 10 29% 29 29 - %
thllllps-Jon >A« l 21% 21% 21% - %
Phillips Petrol 2 13 53% 52% 53 - %
Pillsbury 1.80a. 1 32% 32% 32%-%
t Pills Mill* pf 4 10 106% 106% 106% +1%
PltConCoal 1.40 5 21 21 21 - %
Pitts Porclngs 1. 2 20% 20 20 —1
Pitt Plat* .80*.. # 34% 34% 34%+ %
PittScriB 15*- * 7% 7% 7%- %
tPitt*8te«16pfl20 64% 64% 64%
tPit8tl PWf2%k 40 74 73 73 -1
Pittston CO_ 2 19 18% 19 - %
Plymouth Oil lb 4 22% 22% 22% - %
Pond CrP %g.. 18 20% 20% 20%-%
Poor&CoBl-.x 4 13% 13% 13% — %
Pressed 8ti Car. 11 10% 10% 10%-%
PressStl C pf2V« 1 39% 39% 39%-1%
Proctor 4 0 2a. 8 58 57% 57%-1%
Pub SwcCol 1.85 2 33% 33% 33%-%
Pub SvcNJ .36*. 10 23% 23% 23% - %
tPub SvcNJ Pf8 x 1140 139% 139%+1%
tPub SVCNJ Pf7 X90 121% 120% 120%
tPub SvcNJ pf8 X290 110% 110 110 +%
tPub 8VC KJ pfLx23p 106% 104% 106%+1%
tPub S IQ o pa.TTiiw* 111% 1H% - %
Publicker Ind_. 6 18% 18% 18% - %
Pullman %*_ 8 55 55 55 - %
Puie.OU 1 -13 23% 23% 23%a %
PUIWOA »fi:.- 2 1Q7 107 107 -%
Purity Bak 3.40 1 50% yO% 30%-%
RADIO CP .908 42 8% 8 8%
Radio CP pfS%- 2 77% 76% 76%-1
Ra-Kth-O1.20f 34 12% 12% 12%
TRRSeelllCenSt 140 17% 17 17 - %
tRals Pur Pf3%. 90 103% 103% 103% + %
Raybestos 1V«(. 8 31% 29% 29% -1%
Rayooier Inc __ 6 20% 19% 20% + %
Rayonler pf 3... 3 37 36% 36% - %
Reading Col... 5 17% 17% 17% - %
tReal SilkH Pf7. 30 100% 100% 100%
Reeves Bros 1.. 3 11% 11% 11%-%
RellableStl 80a 2 22% 22% 22%
Reliance Mfg la 3 13 12% 12%-%
RemRand 1.05b 7 28% 28 28 - %
Reo Motors 2%. 6 28% 28 28 - %
Rep A Viet ion .. 8 5% 5 5
Republic Picture ij. b‘/» b% av*
Repub Piet pfi 2 12% 12% 12%
Repub Steel la 69 24% 23% 23% - %
RevCABrass Ha 19 17% 17% 17% - %
Rerall Drug Ha 45 7% 7% 7% — %
Reynolds Met 6 26 26 26 - %
tReyMetpfBH 10 107 107 107
Reynolds Spring 1 11% 11%, 11% - %
tRynlds T 1.40a 20 46% 46% 46%+ %
ReynTobB 140a 9 37% 37 37 - %
ReynTob pf3.80 2 102 \ 102 102 + %
Rheem Mfg 1„ X 3 21% 20% 20% - Vff
Richfield Oil i.. 11 14% 14% 14% - %
Roan Ant ,22c . 3 «% 8% 8H- %
Royal Type .85*. 1 21 21 21 — %
SAFEWAY ST 1 3 20% 20% 20%
tSafeway pf 5— 20 113% 113% 113% - %
8t Jos Lead So-. 7 43% 42% 43% - %
St L San Fran.. 18 6 5% 6
St. LSanFran pf 5 21% 20% 20% - %
Savage Arms H. 3 8% 8% 8%- %
Schenley Dlstl 2 97 27% 27 27 - %
Scott Paper 2-,. 2 43% 43% 43%+ %
Scranton Elec 1. 1 15% 15% 15% - %
8eab Air L R R 19 13% 13% 13%-%
SeaALRRpf2 H g 1 45 45 45 - %
Seaboard Oil 1- 1 29 29 29 - %
Seagrave. 2 5% 5% 5%- %
Sears Roebek la 39 33 32% 32% - %
SelberllnxRub 1 2 10% 10% 1%0- %
Servel Inc 30*- 15 11% 11% li% - %
tServel pf 4H — 50 108% 108% 108% - %
Shamrock 80 - 3 22% 22% 22%-%
Sharon Steel 2. 1 29% 29% 29%-%
ShrpADohme 1 2 20«% 20% 20%
SharpefcDpfSH 3 79% 79% 79% - %
Shell U Oil 1 He 18 26 25% 26 - %
Sheraton 20g - 18 7 6% 6% - %
Silver King Col 9 4% 4% 4%+ %
Simmons Co %g 4 30% 30% 30% —1%
Sinclair Oil 1_32 15 14% 14% - %
Skelly Oil 2e- 14 70 69% 70 -1%
Sloss-Shef Steel 1 16% 16% 16% - %
Smith (AO) CP 1 2 41 40 40 -2%
Smith*Sonl.40 1 30% 30% 30%+ %
tSmitbftSpfSH 10 99% 99% 99%
8ocony Va .80 141 15% 14% 15 - %
So AmOold .10g 7 3% 3% 3%
So Caro EAO H 3 7 6% 7 + %
tSo PortR S Pf8 50 159 159 159 -1
SoeastOrey 1.60x 2 16% 16% 16%
So CalEdls 1H-. 1 31% 31% 31% - %
Son Nat Os 1H- 2 26 25% 25%- %
Southern Pae 4. 33 37% 36%'36%- %
Southern Ry 3 x21 32% 32 32% - %
Southrn Ry pf 5 x2 63% 63% 63%-%
Spaldins&B.SOa 3 16 16 16 - %
Sparks Within* 20 5 4% 4% - %
SpenctrKel 2.40 3 53% 52% 52%-2%
Sperry Cp lHa- 5 19% 19% 19%
Spiegel Inc - - 36 9% 9% 9% — %
tSpiegel pf 4H - 60 73% 73 73
SauareDCo .20* 3 14% .14% 14% - %
Stand Brands 2 xll 30 ,29% 29% - %
Std Os*El $4 pf 32 23% 22% 22% - %
Std OdcES7pr pf 3 102 101 101 -1%
Std Oil Cal 3.40 X37 55% 55% ‘ 55% - %
Std Oil Ind 1 Ha 13 38% 38% 38%-%
Std Oil N J 2g -X71 68% 67% 67%-%
Std Oil OhioHt- 5 27% 27 27 - %
Starrett 183- 1 39 39 39 -1%
Stand SUSP V«g. 7 12% 12% 12% - %
Sterchl Bros 1 2 13% 13% 13%
SterUng Drug 2 x!3 31% 36% 36% -1
StewsrtWraHa. 2 15% 15 15 - %
Stokebr-V C %«. 9 16% 16% 16%
ittene&WeblH* 17 12% 12% 12% - %
Studebaker V«g. 53 18% 18% 18% - %
Sun Chem .80_10 12 11% 12
Sun Oil lb _ 2 56% 56% 56%-%
sunrayon %*-. 32 9% 9 9 -%
SunshineM .40. 4 9% 9% 9%- %
Superheater la. 2 18% 18% 1S%- %
Superior Stl He. 3 15% 15% 15% - %
Sweets Co .80s- 1 18 IS IS + %
snwvo i.oua ■ i pose
Swift Inti 1.80 X 1 33% 33% 33%
87ft Bee P .35*. 3 23 21% 21%
snntac-oid y«c t e% «% «%
TXLAOTOGRFH 1 4% 4% 4% - %
TOB Coro la., 1 14% 14% 14% - %
Texas Co 3a .. 13 <0 33% 33% -1%
TexOnlfPr 50x. 5 13% 12% 12%-%
Tex Gull Sul 2a. 3 48% 48% 48%-%
Tex PaeCftO 1. 3 28% 28% 28%-%
TexPacLTr 40c 13 17% 17% 17% - %
Thatcher .000 . 2 13 13 13-1
ThermoidCo .80 3 10% 10% 10% - %
Third Art Tram 1 7% 7% 7%+ %
Thompson P %C 2 43 43 43 +2
Thom-Starrett. 4 4% 4% 4%- %
Thom-Starr pi. 1 23% 23% 33%- %
Tide Wat Oil la 3 m* 13% 13%+%
Ttm-Det Axl Vie 3 1«% 18% 18%
Ttmken Ron Is . 8 41 40% 40%-1%
TneaMerica %a 4 13% 12% 13%
Trans* W Air- 12 18 15% 15%-%
ttana8»*!ri- 2 15% 15 13 - %
Trl-CntCp AOe 17 5% 3% 3%- %
Trnax-Tr 1.40a. 4 17% 17 17 - %
*OthC-Jttx»a~ U 30% 30 50 - %
TwlnOeach-2 11% ll% 11% - %
OTTOKWOO iy«C 3 48% 48% 48% - %
OfcAsbOBob .70. 1 10% 10% 10% - %
I
Stocks Resume Drop,

Many Leaders Hit
New 1947 Lows
By Victor Eubank *
Associated Pros* Financial Writor
NEW YORK, May 13.—Stocks
generally oontinued their downward
course today with many markel
leaders touching new lows tar the
year or longer before attracting
timid support.
Dealings slowed after a relatively
fast opening in which blocks at
1,000 tb 6J>00 shares were plentiful
and losses of fractions to 2 or more
points numerous. Extreme declines
were reduced and there was a smat
tering of plus signs in evidence near
the fourth hour.
Early liquidation by discouraged
floor traders again was blamed part
ly on thoughts of a possible eco
nomic recession, together with per
sistent doubts regarding taxes, labor
problems and foreign affairs. A lit
tle bidding here and there was cred
ited to the idea that a slipup in
business may nave oeen pretty wen
discounted marketwlse and selective
issues oversold.
On the offsidq the greater portion
of the session were United States
Steel, Bethlehem, General Motors,
Goodyear, Caterpillar Tractor,
United Aircraft, American Tele
phone, Santa Fe, Norfolk & West
ern, Louisville & Nashville, Amer
ican Smelting, Johns-Manville, East
man Kodak, United States Gypsum,
Texas Co., Socony, Skelly Oil, Amer
ican Woolen, Burlington Mills, Mon
santo Chemical, West Indies Sugar,
Spencer Kellogg (despite a split pro
posal) and Colgate-Palmolive.
Homestake Mining, on the other
hand, edged to a 1947 high. Re
sistant were J. C. Penney, Pepsi
Cola, Glenn Martin, Dome Mines
and Dow Chemical.
Washington Stock Exchange
SAKS.
Garflnckel common, new—10 at 76%.
Potomac Electric Power 6%% preferred—
2 at 108%.
Capital Transit Co.—25 at 26%. 10 at
PUBUCMgrnjnzs.
Bid. Aikad.
Am T & T cv db 3s 1956 - 122
Am T & T cv db 2%i 1961- 112% 113%
Cap Transit 1st ref 4s 1964 105% 106
City A Suburban 5s 1948 . 109 -
Georgetown Gas 1st 5s 1961 125% -
Pot Elec Pow 3%s 1966—. 105 -
Pot Elec Pow 3%s 1977 110
Washington Gas 5s 1060 . 128 \ - -
Ter RfA-W Cp 1st 4%s 1948 101% 102%
STOCKS.
Amer Tel & Tel (0>- 163% . —
Capital Transit (2.00)_ 26 27
N A W Steamboat t(4)_165 165
Pot Elec Pw 6?o pfd (6) . *108% 111
Pot Elec Pw 5%« Pfd (».50)*108 110
Wash Gas Lt com (1.50) . 22% 24%
Wash Gas Lt cum nfd (4.25) 104% 106
Wash G Lt cm cv pfd (4.50) 106 -
Wash Ry A El com <a9.00).*580 --
Wash Ry A El pfd (5)-*120_123
BANK AND TRUST COMPANIES.
Amer Sec A Tr Co (10) 290 320
Bank of Bethesda (tl.OO).. 46
Com A Savings new (10)- 362% 400
Capital (.80) -J)1 -
Liberty (t7)_ 300 -
Lincoln (t5). . ...-810 -
Nat’l 8av Tr (8.00)——- 380 -
Prince Georges B & Tr (tl) 26% —
Riggs (12)_*05 820
Washington* ($) ^1- l(S 1W~
Wa5hraV and tiiIje INSURANCE.
American (t6) ;_150 -
Columbia (t.30)-,- 12% -
Firemen’s (1.40)----- 33
National Union (.76)- 14 -
Real S»t»ta.(t6) 186 -
MISCELLANEOUS.
Carpal Corp (2.00). -- 40 . _
Garflnckel com new (1.50) . 16 / 17
Garfl 6%% cu cv pf (1.376) 26% 26%
Garfl 4%% cu cv pf (1.126) 22 23%
Hecht Co (1.60)— - ... 24 25%
Secht 3%<t cum Pfd (3.75) 100 104
inston Mono (1.00) — 15 16%
Mersenthaler Lino (a.75) . 46 48%
NatlMtge A Inv pfd, (P.40) 6%
Peoples Dr St com (tl.60) 49 50
Security 8toragc <t6)_ — 105 -
,2» e;
W*Ex-dlvldend?bBooks clcied.~tPlui sitra
or extras, a Paid to far this year. P Paid
1946. ____
New York Cotton
NEW ' YORK, May 13. <JP) — Cotton
futures turned weak today under pressure
of heavy llamdation concentrated In the
old crop deliveries. And prices were ofl
more than 32 a bale from the previous
Selling was attributed to the fact that
the nrtrket la coming more under the
Influence of new crop developments.
Late afternoon prices were 20 cents to
$1.80 a bale lower than the previous close.
May, 36.16; July. 33.86, and October,
29.05. __
Public Service Co. of Indiana
urged the SEC to apprdVe its pro
posed $11,077,800 issue of convertible
debentures to finance expansion.
Sales—
Stock and Add Net
Dlrldend Rate. 00. High. Low. 2:30. chge.
DnBAPaVit 19 29% 28% 28%-%
UnCarbide l%g 13 96% 96 96%-%
tUnElMo Pf3.70 10 105% 105% 105% +1%
Union Oil Call- 2 20% 20% 20% - %
Union Pacific 8. 2 127 126% 126% - %
Utd Air Lin Vie. 8 24% 24% 24% - %
Utd Aircraft i„ 19 19 18% 18% - %
Unit Biscuit la. 1 40 40 '40 — %
Unit Cigar Whal 45 5 4% 4% — %
tUtdClg-Wpf3 % 1 69 69 69 -1%
UtdCorp_112 3 2% 2% — %
Unit Corn pf 3 ~ 2 51% 51% 51%-%
Utd Elec Coal 1. 2 13 13 13 - %
Utd KniAFdy 2. 3 36% 36 36 - %
United Fruit 2a. 10 49% 48% 48%- %
Unit 01.66*.. 4 22% 22% 22%-%
Unit MAM la. 15 13% 13% 13%-%
Utd Paperboard. 2 14% 14% 14% - %
USAPSecl.SOe. 9 17 16% 16%-%
U S Freight Via. 1 13 15 15 - %
U S Gypsum 2., 4 93 91% 91%-1%
U S Hoffman 2e. 1 18% 18% 18% - %
US Leather. 2 6% 6% 6%
US Leath A 1 Vigx 3 31 30 30 -1%
U S Lines 2_- 14 20% 20% 20% - %
USPlpedsPyl.60 1 37 37 37 - %
US Plywood .80 8 27 26% 26%
US Rubber 3g . 15 46 45% 45% - %
US Rub 1st Pf 8 2 149 148% 148%-1
USSR&MlVig 8 43 42 42 -%
US Smelt pf 3Vi: 1 73 73 73 — %
USSteel* — 84 66% 66 66%-%
US Steel Pf 7_ 1143 143 143 - %
Utd Strs 2 pf- 9 9 8% 9
Ut Wall Pap Vie 11 8% 8% 8% - %
UnlT-CyclStl %« 2 17 17 17 + %
Unlv Lab_ 1 5% 5% 5%+ %
Unly pictures 2. 2 22 21% 21% - %
VAN NORM Vit. 2 15% 15% 15% - %
Vanadium Corp 1 15% 15% 15% + %
Vert-Cam Sue 2 20 15% 15% 15%
Vick Chm 1.20a X 1 32% 32% 32% + %
VictorChW ,40g. 4 40 38% 38%-1%
Va CarollnChem 10 6% 6% 6% — %
Va-CCh8*Pf4k 1 77 77 77 -2%
Va Railway 2%. 1 38 38 38
Va Rail pf 1%-. 1 55 35 35 - %
VlsklngCrP 1.60 2 34% 34% 34% -1%
WALDORP la— 1 15% 15% 15% - %
Walgreen 1.60-x 1 30% 30% 30%+ %
r Walgreen pi e.nu
Walker HI 1.20- 5 18* 18* 18*+ *
WalworthCo He 11 8* 9* 9* - *
Ward Bak .15*. 11 12* 12 12 - *
Warner Bro 1H >6 15* 15* 15*— *
Warren Fndry.. 1 21* 21* 21*-1*
Warren Pet JO. x 2 38* 36 36 - *
Wash QasLt 1H 1 23 23 23 - *
Waukesha 1... * 19 18* 18* -1*
Wayne Knit 1*. 4 23* 22* 22*-*
Wayne Pump 2. 1 31 31 31 -1
Webaer Tobae . 6 6* 6* 6*
Wesson 0*8 la 7 41* 41 41*
West Ind Bug 1_ 17 26* 23* 26 - *
rws PennEl pf6 60 106* 105* 106* +1
Western Air Un 6 6* 6* 6* — *
WestAutoSup 8- 10 43* 45 43 —1*
Western Md .. 12 5* 5 3 - *
West lid 2nd pi 2 11 11 11 - *
West Pac pf 6— 5 83 84* 83 + *
west Un Tel A— 12 IS* 18 18
Wstns Air Br lazl7 29* 28* 28*-*
Westing Heel. 31 23* 23 23 - *
tWstlngH pfSH 30 99* 99* 99*
Wheel Steel It. 6 34* 33* 33*-1*
tWheelStlprpfS 10 98* 98* 98*-l*
White Dent 1H. 1 28* 28* 28*-*
White Motor la 7 21* 21* 21*-*
White Sewing M 4 11* 11* 'll* - *
WUlys-Orerland 56 8* 8* 8* - *
WUsonACo .46C. 33 12* 12 12*
woolworth2e - 15 44* 44 44*- *
Wrthhg PAM lb 3 53 52* 32*- *
tWFMcvprpMH 1 94* 93* 94*+]*
Wyand Wor (On 4 9 8* 8* - *
TALK AT 60a. 3 36* 36 36 - *
York Corn .30 . 5 12 11* 11* - *
YorkCorp pf 2H 2 45 45 45
YncSpAWlreHc 2 16* 16* 16* -a*
YungSheet&T4 17 60 39* 39*-**
ZENITH RA lg 3 16* 16* 16*-*
! Zo.vlteProd 16< 10 7 6* 6* - *
Begrfy Bate* ea the Exchange Today:
11:00 a.m.. 260 000 12:00 noon 420 OOC
1:00 pjn.. 340 800 3:U0 P.m.. 670 OOC
tDnlt of trading. 10 thane. «ln bang
runtey or reeelTershlp.^oc being reorganise!
under the Banfensto Act. or
assn
sa
N. Y. Bond Market
T”SnSftn®tufmrlunmF^
NEW YORK CITY totSr6roB6a44 993*
3* 80— -U3 1st TAT 434*52 1003*
FOREION 2:30 Lak VI AaSOOSst «W
Antloq 7.45E i*Vi LeKVaM3*s2003 3*3*
Australta3%*82 99 Lit ft Myer5*5111334
Peru l«t 6* 00 173* Long 1*1 rf 4*49102
Urua a4 4.34* 78. 90 ManatiSua 4*57 883*
DOMESTIC 2:30 MSPBSM 'l* 91. «
AmftPP6*303010734 M-K-T6*06a._ 833*
AmTft T3* 68122 Uo Pae 634* 49. 16
Am T8T234* 81113 Mo Pac 5a 85 A_ 0834
Am TAT 834* 75101 Mo Pae 6* 77 P. 88
Am T*T 234*82101 Mo Pae 5* 811 88
A T 99 4* 96 1313* Mo Pae an 4a 75 22V*
ATSP ai 4* 96st 11834 Ne*Kn*RR4»45 70
BattAOb 6* 3 06 49 N OTM 8s 54 .. 8434
BaltftOh 5*095 97 NYC rf 6*2013 7934
BaltftOh 5*M98 97 NYC43MS013A 70
BaltftO5«K2000 97 NTCcoH4«Q8 *434
B A Oev 60_38 NTCHR334*97 883*
B ft OPUS 4s 80 8534 NYNHftH 6s 48 3334
Sana A en 4* 51 94 NYNHftR4 33*67 31
Boat Me 434* 70 4334 NYNHftH 4* 56 303*
Boat Me **60.. 8* NYNHftH 4* 67 12
Can Pae 4a perplOO NYNH*8334a58 293*
cent Oa 5a 59C: 103* NorUkSoSa 2014 383*
CblftB I Inc 97. 29 NorP Cl* 434*75101
ChiIftL4342003 39 NorPaeSs 2047 89
CMStP434*2019 74 OrWIBRN 3a 6010934
CMStPi34*2044 51 Pae Oft* 3* 77 10034
ChlANW 434*99 08 PeanCtAl*334*60SOU
CRIP 434* 52A_ 493* Penn PftLt 3*7510534
CRIP 434* 00 _ 193* PennRRa434*S61073*
C RI P 4s 88... 703* PWbRR*434*811023*
CRIP rf 4* 34 - 44 PennRR4 34*8481023*
CTRftSE 334*94 0434 Penn RR 334*85 913*
CTH&S tn2%94 00 P*reMar334* 80101
bhiftW 14* 52 108 PbBa B 234* 67 109
CCCStl. 434* 77 70. PhUlpn Ry 4* 37 *34
Con* Ed 2%* 82 10334 StLSF 434*2022 4234
Deere 234* 65 ._10434 9CLBanPm4s97 86.
Del A Hud 4* 63 9334 StLSoWeat 5*53 9834
Del L&W4*2042 523* StL 8W rf 5* 90 993*
DftR03-4*93wl 8734 Scab ln4 34*2016 623*
DftRln4342018w(kl 3ocony-V234*76100
D*Chm2.36* 6110034 SoPaclflc4 34*81 883*
Duo It 334* 66, 10434 Sou Pae 434* 69 86
PlaKCst 5*74 55 SoPac434«Or77 9634
QenReftDt 4*69 80 StdOCal 234*66 10934
Ot North 6* 73 13234 StdOUNJ234s71 9934
BudftM rf 6s 67 90 TexAPae 334*851033*
HudftM In 5* 57 153* Third At* 5s 60 93
IC 4* 53__ 993* Third Are 4s 00 91
I C 434* 86_ 79 Walwth 334* 76 963*
IntGtNor 6* 62 1634 West Sh 4s 2361 623*
tot O N l»t6«52 5134 Wert Un 4 34* 5u 883*
N. Y. Curb Market
LIST INCLUDES ONLY SELECTED ISSUES
CHANGED EDOM PREVIOUS CLOSE.
2:30 Dennison A .40* 10%
Alreon Mfg Co.. 3 Diane Strs % 5
Alum Co Am 2 35 Domestic Credit 2%
Am Bantam Car 2% El BondAShare 11
Am Cynamld la 40% El PAL 2d pf A. 121
Am Gas A El lb 39% Boulty Corn .. 1%
Am Maracaibo_ 2% Fairchild E A A 2%
Am Superpower 1% Pansteel Mtl V«e 14
Argus Inc- 6 Gen Blywd .80a 21
Ark Nat Gas A.. 4% Goldfield Cons. , %
Atlas Corp w W. 4% Humble Oil 1* - 58%
Barium Steel... 4% Hygrade Fd %g 28%
BerkAGay Fura 1% Int Petrol %_11%
Blue Ridge .43*. 3% Kalser-Frazer... 3%
BragTrLAP2. 17% KirkLQU .02- 1%
Brewster Aero .. 4% LanstonHMcb 1 15%
Brit Celan ,08g 4% Louis LdABx 80 13%
BrownFDlst. 80 18 MldStaPwB vtc 4%
Brown Rub ,30g 6% MidWestCoroVib 22%
Suckeye P L.80 11% MldwestOU .90a 14%
nk Hill A 8 44a 16% Mining CD Can. 7
Burma Ltd_ 1% MorrlsPl Cp V4e 4
Burry Biscuit.. 4% NatBeUasB 20e 2%
Calllte Tung... 3% Nat Trans ,36g. 13%
CanMarconl.04c 1% Niagara Hud Pr 8%
Carr Con Blsc 1. 11 Pan Am Air war 1
Casco Products. 6% Pan tepee Oil .84 9%
Catalln Am ,40s 12% Pennroad V«e_ 5%
Cent A 8w CofB 9% Pep Boys V<g_ 6%
CentASoWstwd 9% Pioneer Gold... 2%
Cities Service.. 28 PI Val Wine.10s 4%
Cities 8vc pf... 174% Polaris Mn .20e. 4
Col Fuel&Ir ww. 4% Producers Corp. 1%
Colts Mfg Cer ... 28% Raytheon Mfg.. 7%
Com’dore Hotel. 4% 8t. Regis Paper. 8%
ComnASou war % Salt Dome Oil_8%
Con MlASm244a 66% Schlff Co la .. 30
ConsStlCorp 44g 24 Singer Mfg 0a. 264%
ConsTeztlle.eOa 8% Sonotone.. 3%
ContFdyAM V«g 13% SoCaQCdB pfl44 29%
Cooper Brew 44. 4 StdPowALt . 2
Copr Range y«e. 9% SunRaDrug.80b 36%
Cosden Petro... 3% Textron Inc 44s. 12%
Creole Pet 14te. 27% UnexcelCbenV«e 6%
Croft Brew .05e . 1% United Stores.. 2%
Crown Cent Pet. 4% Utab-IdSug.lfie 3%
CrownDrug.lOg. 4 Venezuela Petr. 6%
Cub AU Bug 144 21% Wrlgbt Harg .18 *Vu
Rates of dividends tn the foregoing
table are annual disbursements based oa
the last Quarterly or semiannual deala
ration. Unless otherwise noted, special
or extra dividends are not Include?’
a Also extra or extras, b Plus stock dlvi
dend. d Cash or stock, e Paid last year.
/Payable,tat stock, gDeclared or paid
so far this year, b Payable tn Canadian
funds. k Accumulated dividends paid
or declared this year. n New lssaa
wwWitb warrants xw Without warranta
Chicago Livestock
CHICAGO. May 13 «PI <USDA) .^Salable
hogs, 7,000: total. 9,000; market fairly ac
tive and around 60 higher; few loads big
weights, 360 pounds and up only, steady;
sows. 60 cents higher; top. 26.00; bulk
good and choice, 170-260 pounds, 23.75-,
25.00; 270-300 potpds. 22.25-23.76; 300
350 pounds. 200-22.50; few 350-100,
pound*--19.50-2l.o0; mo8t good and choice
sows over 400 pounds. 18.60-19.25; few
^at'Sal
able cal vis,. 800: total- 800; medium to
average-cdod steers and all grades year
lings, active, fully 25 cents higher; strictly
good and choice steers mostly steady, spots
a quarter higher; two loads choice 1,225
1.268 pounds fed steers, 26.50 and 26.75:
most good and choice steers, 25.50-26.25:
bulk average-medium to top-good grades.
21.50-25.25; two loads choice heifers held
above 24.50; cows and-bulls steady: good
heavy cows up to 20.00; canners and cut
ters. 11.00-14.00; bulk good heavy bulls.
17.25-17.50; vealers 60 cents higher; top,
27.00.
Salable sheep. 1.500; total, 2.500:
slaughter lambs rather slow, about steady:
one load mixed medium to choice around
00-pound fed wooled lambs topped at
23.00: strictly good and choice quotable
around 23,25; around four loads medium
and good wooled lambs, 21.50-22.00; two
decks good to low-choice fed clipped lambs
with No. 1 and No. 2 pelts. 21.50-22.00;
slaughter ewes scarce, nominally steady.
Washington Produce
Proms the Department of Agricutlure.
EGGS—Market continues weak. Re
ceipts and supplies heavy with some ac
cumulated surplus reshipped to other
markets. Demand fair for good graded
eggs, ofl-ouallty and ungraded stock slow.
Prices paid f.o.b. Washington for Federal
State graded eggs received from grading
stations, May 13, 1047. Whites, browns,
mixed colors, U. S. grade A, extra large,
50; larae 48-40. average 40; mediums 41
44, average 42)4: U. 8. grade B, large
43- 44, average 4314: D. 8. grade C> 36-37.
average 36. Commercially graded eggs:
Grade A, large 40; mediums 44. Current
receipts, 38-30.
LIVE POULTRY—Market steady to firm.
Receipts light. Demand fair. Prices paid
f.o.b. Washington; Fowl, heavy type 36-37;
light type 24. Broilers, fryers and roast
ers, 32-33.
Dressed poultry (iced and Western box
packed)—Market irregular and le lower
on fowl, barely steady on young stock.
Supplies ample. Trading quiet. Prices
paid f.o.b. Washington: Fowl, heavy 44-45;
broilers, 40-41; fryers, 36-36)4: roasters,
4 lbs.. 38-30: 4)4 lbs., 41-43; 5 lbs., few
44- 40.
Dividends Announced
NEW YORK, May 13 UP).—Dividends
declared:
Pe- Stock of Pay
Rate. riod. Record, able.
Aeenmulated.
Oreen Mt. Pow. pf. 1.50_6-16 0-2
Resumed.
Inti. Detrola -- . 25c_5-18 6-31
Extra.
8t. Joseph Lead_25c_
St, Oil Ky. ... _lSe_
Irregular.
Patchogue Plym. Mis. 3.00_
Polaris Minng_5c_
Wurlitser _ 25c ..
Xcsvlftr*
Bracb & Son-60c ..
Kats Drug. _12t4c Q
Minn. M. ft Mf*._35c Q
Prentice-Hall _70c q
St. Joseph Lead_50c q
St. Oil Ky.___35c O
Texas Pub Svg__25c_
Youngstown Steel Dr. 25c_
Hecla Mining_26c .
Lincoln Store!_30e Q
Newberry J J. _.60c .
3td Cap A Seal cv pf_40c G
Sunshine Mining_10c Q 0
Chicago Grain
CHICAGO, May 13. UP—Wheat led
other grains upward I at the half-way mark
of today's Board of iTrade session. After
a Weak opening commercial buying de
veloped In the wheat pit. credited to mills
covering export sales of flour to Italy.
Trade reports said that Italy had pur
chased most of its 20,000-ton supple
mentary allocation of flour, issued recently
by the Department of Agriculture for May
and June shipments.
As the volume of buying Increased, some
attributed to short covering in the May
contract, wheat rallied from the day's
low. which had extended to as much as 2
cents a bushel.
Corn rallied with wheat on reports that
the Commidity Credit Corporation had
purchased 168.000 bushels of corn yester
day and was in the market today. Oats
which had shown resistance to the early
selling also advanced.
At noon wheat was 1 cent higher to 44
lower than yesterday’s dose. May, 2.67.
Corn was % higher to y* lower. May.
1.70)4. Oats were )4 to % hither. May,
03)4. t
Market Averages
STOCKS. 30 IB 15 SO
' Indst. Ralls. Util. Stks.
Net change_—.8 —.3 —.2 —.4
Today noon. 86.2 29.9 42.4 81.1
Prey, day_86.8 30.2 42.6 61.B
Week ago_88.3 31.2 43.0 62.6
Month ago_88.3 30.6 42.3 60.8
Year ago_107.3 46.6 64.1 79.3
1947 high_ 94.8 38.5 47.2 69.0
1947 tow_ 85.3 30.2 42.2 60.7
BONDS. 20 10 10 1010 LOW
Bails. Indst. Util. Pin. Yield.
Net change —.2 unc. une. unc. unc.
Today noon 91.9 103.7 105.6 74.2 116.0
Prey. day__ 92.1 103.7 106.8 74.2 116.0
Week ago _ 92.8 108.7 105.8 74.4 116.1
Month ago 93.6 103.8 106.1 75.3 1183
sp vkjm m m m m$
1947 tow” 92.1 103.3 104.0 74.2 115.3
tCoamtied by the Associated Press.)
Oklahoma Natural Gas Co. net
, for 12 months ended March 31 wss
i $2,751,006 or $2.31 YS. $2,686,177 or
$3 js in the py*c*»Hr<g fltcai period.
. e i
Freight Rate Ruling
Is Hailed in South,
Criticized in East
•y Mm Auocialid Prats
. The Supreme Court decision yes
terday on class freight rates was
greeted with approval in the South
and with criticism in the East, but
then was general agreement that
it will encourage industrial growth
in the South. '
The decision upheld an Interstate
Commerce Commission order to
boost rates on manufactured prod
ucts 10 per cent in the Northeast
and lower than 10 per cent in
Southern and Western States east
of the Rockies as the first step of
an eventually planned equality for
the whole country.
Railroad officials generally with
held comment last night pending a
study of the decision. As a dis
senter to the 7-2 decision, Justice
Jackson estimated the order would
increase by $50,000,000 the freight
charges paid by northeastern ship
pers. The majority opiflkm written
by Justice Douglas found, however,
that the Northeast long had prac
ticed* economic discrimination
against the South through the ex
isting rate system, and that the
order served to correct such preju
dice,,
Governor Sees Action Final.
In Columbus, Ohio, Kenneth
Sater, special assistant attorney
general, predicted a conference
among representatives of eight other
States which acted jointly with Ohio
in fighting the ruling. Those other
States were Delaware. Indiana.
Maryland, Michigan, New Jersey,
New York and Pennsylvania.
However, Ohio Gov. Thomas J.
Herbert, who was attorney general
at the inception of the case and
appointed Mr. Sater, said: “After
the Supreme Court speaks, there’s
not much more you can do.”
William Blake, in charge of rail
tariffs for the Ohio Utilities Com
mission, estimated the decision
would cost Ohio shippers upward
of $6,000,000 a year, and Mr. Sater
commented that the Ohio stove in
dustry probably would be particu
larly hard hit because it competed
with Southern factories.
Norris W. Ford, executive of the
Connecticut Manufacturers’ Asso
ciation-and chairman of the New
England Governors' Freight Rate
Committee, said the ruling was
“very disappointing.”
Step Forward, Says Caldwell.
Gov. Millard Caldwell of Florida
called the ruling “a great step for
ward” and Gov. Strom Thurmond
of South Carolina said it would
“tend to place the South on a parity
with other States and enable us to
compete with them along industrial
lines.”
However, Gov. Thurmond said,
“we are going to continue the fight
until vte get complete equalization.”
Former Gov. Ellis Am all of
Georgia, under whose administra
tion the State instituted an anti
tmst action charging trait the rail
roads conspired to fix discriminatory
freight rates, said the decision still
leaves “the South at a 20 per cent
disadvantage” in rates and that "we
have got to get absolute equality.”
Georgia’s present. Governor, M. E.
Thompson, said the suit would be
pushed.
Export-Import Bank
Backed by House Unit
By *h» Associated Press
. The House Banking Committee
late yesterday approved Senate
passed legislation prolonging the life
of the $3,500,000,000 Export-Import
Bank from its present June 30, 1948,
expiration date to June 30, 1953.
The action came after William
McChesney Martin, Jr., bank presi
dent, told the committee it is "in
the interest of United States em
ployment and industry” to continue
the bank operations, promoting the
foreign trade of the United States.
Mr. Martin said the Export-Import
Bank has authorized loans aggregat
ing $3,700,000,000 since it was cre
ated in 1934 "without cost to the
Government, but actually as a sub
stantial profit.”
The bank’s statutory lending au
thority is $3,500,000,000.
Mr. Martin told the committee, “I
am perfectly willing to say we>e in
the danger zpne now” in the over-all
lending program, but, he continued,
Export-Import Bank loans on the
present basis are sound and de
sirable.
Mr. Martin would not agree that
foreign loans by the United States
might bring on another depression.
Nor did he elaborate on his “danger
zone” statement.
Representative Buffet, Republican,
of Nebraska interposed that some
members of Congress “are very des
perately afraid that the continued
expansion of Government credit to
foreign governments might result in
a blowup such as occurred in 1929.”
Mount Pleasant Area Held
One of Cleanest in City
The Mount Pleasant area was
described as one of the cleanest
sections of the city by William A.
Xanten, District superintendent of
sanitation, before the last spring
meeting of the Mount Pleasant Citi
zens’ Association.
Mr. Xanten told the group that,
although the area in general is very
clean, several spots need improve
ment, and would be cleaned up in
th current campaign. The Refuse
Department will start its drive to
morrow in No. 10 police precinct/
which embraces the Mont Pleasant
area.
The following officers were elected
for the coming year: Arthur E. Kim-;
berly, president; W. Elwood Baker,
vice president; John De La Mater,
secretary, and Earl J. Olmstead,
treasurer. Delegates to the Federa
tion of Citizens’ Associations are
Dr. M. Virginia O'Neil and Dr. Ed
son L. Whitney. Dr. O’Neil re
cently was awarded The Evening
Star Trophy for outstanding civic
service.
The association reported it now
has 350 members and $980 in the
treasury. ,
The meeting was held in the
Mount Pleasant Public Library,
Sixteenth and Lamont streets N.W.
Meet Center Planned
In Southern Rhodesia
Southern Rhodesia, where Living
ston became the first white man leas'
than 100 y#ars ago Uf set eyes on
Victoria Falls, is to have a new in
dustry—a steel center at Que Que,
where there is water, iron ore of
good quality and flux limestone.
It will create mploymnt for 100
European families and a trade
school will be established to teach
the natives semiskilled trades.
. ‘
Vandenberg Demands
Full $350,000,000 .
Foreign Relief Fund
•y rtw AnodoMri Pratt
Senator Vandenberg, Republican,
of Michigan said today a proposed
$360,000,000 foreign relief fund
should be provided in full because
“the Greek-Turkish aid program
cannot succeed If we let the people
of Europe go hungry.”
The chairman of the Senate For
eign Relations Committee will open .
debate on the relief bill after the
Senate votes early in the afternoon
on the labor disputes legislation
which is today's first order of
business.
Declaring the Senate should re
store $150,000,000 which the House
voted to slash from the relief bill.
Senator Vandenberg told a reporter:
“It is a question of whether we
are going to have hunger or states
manship in dealing with Europe.”
Money Requested by Truman.
President Truman requested thq
money to furnish food, clothing,
fuel, fertilizer and medical supplies
to Austria, Greece, Hungary, Italy,
Poland and China.
Secretary of State Marshall has
asked that $15,000,000 of the fund
be set aside for emergency use “In
other countries to which we might
wish to render assistance.”
Contending that the $350,000,000
amount represents only a little more
than half of the total Europe needs,
Senator Vandenberg told a reporter
he regards the relief program as
one of the keystones of American
foreign policy.
McClellan Favors Reduction.
Opposition to so great an expendi
ture has been voiced by Senator
McClellan, Democrat, of Arkansas,
who said he is considering offering
an amendment for a $100,000,000 re
duction.
Senator McClellan also is insist
ing that the Senate revise the
measure to ban any relief for Com
munist-dominated countries.
The Hoilse wrote in a provision
requiring that governments of such
countries must agree to tight Amer
ican control of supplies, down to
the point of local distribution.
Senator George, Democrat, of
Georgia, forecast Senate approval
of the full amount, but said he
doubts more than $300,000,000 finally
will be made available by Congress
when Senate-House differences are
compromised.
"That ought to be enough to meet
most of the needs,” Senator George
observed.
LOANS
ON
REAL ESTATE
▼arloae plana, iaetadlnc lone-term
monthly Daymenta. at fayerable rate
FIRST DEED or TRUST ONLY
RENTALS—SALES—INSURANCE
GEORGE I. BORGER
MS Indiana An N.W.
NA. OSAO
9^ First Mortgage ^
LOANS
EENTI—SALES—IHSOBAJIOO
P.J.WALSHE, INC.
Pounded 1889
h 111S Era St N.W. M. 0400 .
^ r:.' . A
■nhrmmBBB
1st Mortgage Loans
Salet—Pent*—/ntarance
Consult us without obligation
PHILLIPS, CANBY ft
FULLER, INC.
NA. 4600 1012 15th Street N.W.
v SAVE TODAY
and you need not
worry about
TOMORROW!
For over 55 years we have
paid liberal dividends an
savings. Invest yours here
for re-investment in local
home financing.
Your savings here are
protected by ample re
serves.
COME IN FOR A CHAT, SEE
HOW WE CAN HELP YOU
WITH A HOME LOAN
... .■ — .
9
(Formerly Northern Liberty)
511 7th St. N,W. NA. 2838
m STOCKS
in UNITED'S
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Recommendations
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28 Hi|h Grade Stocks for Ttmuf
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i l

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