Buying Agents Hail
Extremely Favorable
Business Outlook
By th* Associated Press
«•
NEW YORK, Aug. 30.—Business
conditions for the last quarter of
3947 appear extremely favorable,
and the “slight downward trend”
reported in June has changed, a
resume of purchasing agents’ re-!
ports indicated today.
Except for coal, steel, and steel j
products, the price trend has
changed but little, the National As
sociation of Purchasing Agents
Business Survey Committee report
ed, and competition is becoming I
more x effective each month. Sub
stitutes for high cost products are
available in greater volume.
Factory Inventories Drop.
Of inventories, the survey said:
Many industries report raw ma
terials inventories are in balance
with high production requirements.
Industrial inventories are continu
ing their downward trend at about
the same rate as in the previous
several months, and further reduc
tions are being made as materials
become more readily obtainable on
shorter schedules.
Buying policy: many buyers urge
extreme caution. The slight indica
tion of long-term commitments
evidenced in the June reports are:
not confirmed in August. Ninety
per cent are under three months,!
with many in “hand-to-mouth” to
60-day limitations. «
Specific commodity changes: the
trend to level off or decline has been
checked by the sharp upswing of
coai ana sieei prices which some
buyers describe as "inflationary.”
The important changes, where
supply Is coming into balance with
demand, include copper, brass, lead,
lumber, alcohol, plastics, and vege
table oils.
Price Reductions Listed
Price reductions: alcohol, turpen
tine, fats, oils, some lumber, men
thol, cotton, synthetic resins, rubber
and steel scrap are cheaper.
Price increases: coal, coke, fuel
oil. corn, wheat, fine paper, steel
are higher. Steel and scrap are a
bottleneck in many industries. Soda
ash was described as “tight.” '
Housing construction is booming,
but business construction is lagging.
Skilled and unskilled labor is short
in several areas, the purchasing
agents* said.
LOANS
ON
REAL ESTATE
▼arteg* plan*. including lung-term
monthly eunegti. nt favorable rate
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Business Trends for Week
Statistics issued during the week are given below with comparisons
for the .previous week and a year ago: ,
Latest Wk.' Prev. Wk. Year Ago
Steel Prod. (% of Cap.) 93.4 92.8 89.4
Freight Carloadings 900,895 • 906,305 884,955
Auto Prod, (units) 86,958 83,726 . 74,960
Soft Coa! Prod, (tons) 11,940,000 11,750,000 12,154,000
Crude Oil Prod, (bbls.) 5.152,800 5,158,150 4,836,150
Engineering Awards $136,943,000 $109,382,000 $79,905,000
Stock Sales (shares) 3.059,320- 3,073,065 6,875,110
Bond Sales (par value) $13,444,600 $14,887,700 $20,747,200
Bus. Failures (number) 59 78 17
(Final three ciphers omitted in following)
Elec. Power Prod. (KWH) 4,952,876 4,923,000 4,444,040
Bank Clearings $11,872,840 $12,029,882 $11,073,838
Demand Deposits $46,780,000 $46,574,000 $45,504,000
Business. Loans $12,301,000 $12,238,000 $9,343,000
Excess Reserves $850,000 $790,000 $790,000
Treasury Gold Stock $21,766,000 $21,666,000 $20,280,000
Brokers’ Loans $954,000 $834,000 $1,124,000
Money in Circulation $28,302,000 $28,239,000 $28,376,000
Capital Securities
6ver the Counter.
The following bid and asked prices are
obtained from the National Association of
Securities Dealers, Inc., and other sources
t but are unofficial. They do not represent
actual transactions: they are intended as
a guide to the approximate range within
which these securities could have been j
sold (indicated by the) or bought (in
dicated by the asked) at the time of com
pilation (1200 noon. Friday). Origin of
any quotation furnished on request.
BONDS. Bid. Asked.
D C Paper Mills 4s 1956_ 58 -
Federal Storage 3s 1967 70 -
! Rcqt CIb Gtd Si Ext 3s 1 965 76 -
Wash Audit 6/1944 stamped 80 -
STOCKS.
American Co pfd_ 90 -
! American Co com _ oO -
! Anacostia National Bank __ 200 -
Barber <fc Ross pfd_ 80 -
Barber Si Ross com_ 25 -
• City Bank _ 60 -
Columbia Mtge Co units __ 32 —
Consolidated Title Co pfd__ 49 -
Consolidated Title Co com _ 25 -
D C Paper Mills com _ 2 -
Dist Natl Securities pfd.__ 80
District Theaters _ <3u 0 V«
Fidelity Storage Co _ 3 08 -
Financial Credit Co units _ 20 -
Griffiths Consumers Corp— 51 - -
Hamilton National Bank- 52 54*4
Lincoln Service com- 20 -
Mayflower Hotel . . * 31 *4 -
Merchants Trans Si Stor pfd 111 -
Merch Trans Si Stor com __ 2*/« -
Munsey Trust Co 125 -
Natl Metropolitan Bank __ 80 -
Natl Mtge Investment com *4 -
Natl Press Bldg pfd_ 19V* -
Natl Press Bldg com . 14 ----
Pot Elec Power com W.D— 163-4 18
Raleigh Hotel stamped 4 0*4
Real Est Mtg & Gty com 25
Seaboard Finance Co pfd _ 37 40
Seaboard Finance Co com _ 18 19
Second Natl Bank _ 108 120
Security Sav Si Coml Bank. 210 -
Southern Oxygen Co- 41 -
Suburban Natl Bank.__ *3 -
Washington Baseball Club__ 55 _
Washington Properties- 48 52
Wash Rwy Si Elec units17*/a 19
Wash Sanitary Housing __ 122 -
Wash Sanitary Improvement 2 < -
Chicago uvesrocK
CHICAGO, Aur. 30 OR (USDA'—Salable
hogs 300, total 2,300 (estimated); com
pared week ago butchers 60-1.00 lower,
most decline on weights above 300 pounds;
sows. 1 00-1.50 lower. . . ,
Salable cattle 600 (estimated); total not
given; compared week ago; turn about face
in market on all cattle classes compared
week earlier: strictly choice weighty steers
went to 34.60 or 26 higher than last week,
new high on crop; all other grades 1.00
2.00 higher, active in regaining last week s
heat-wave decline; heifers. 1.00-1.50
higher, instances more: cows flat dollar up:
bulls. 1.60-2.00 higher; vealers strong to
50 higher: light stock cattle closed fully
50 up. with supply small: next highest price
on choice steers after 34.50, paid for six
loads, was 34.25; 1.070-pound yearlings
reached 34,00. also short load 957-pound
offerings at 34.00; short load 1.216-pound
kosher heifers. 32.50; light heifers in load
lots to 30.75, with mixed offerings, however,
to 32.25; good and choice weighty steers
closed at 29.00-34.00; comparable yearlings
at 27.50-32.50; similar grade heifers.
26.00-30.60; most medium steers, 20.00
24.00; common kinds, 16.00-19.00: medium
to strictly good light stockers. 18.00-21.50;
common kinds. 14.00-17.00: scattered
supply good to choice heavy feeders, 22.00
25.50; cutter cows closed at 14.00 down;
strictly good beef cows reached 21.00: most
beef cows. 15.00-18 60 during week and
most sausage bulls late in week. 17.60
19.25, with outside at 19.60 highest since
last October; beef bulls, 20.00-23.00.
butcher kinds. 24.00-26.00: vealers 24.50.
mostly 24.00 down, most slaughter calves
18.00 down, reaching 19.00 and better at
Salable sheep 1.500 ^estimated); total
not given: compared week ago; receipts
approximately 50 per cent larger than the
previous period due largely to increased
marketings of yearlings and the first siz
able shipments of western spring lambs of
the season: demand expanded materially
for slaughter lambs, and native spring
lambs closed' the week 50 higher; other
slaughter classes held mainly steady, al
though the market on slaughter ewes was
very uneven: week’s top. 24.50. paid for
numerous loads of good and choice 93-102
pound Washington spring lambs with most
of these sorted moderately, some good grade
sort-outs off these western spring lambs
went for slaughter at £3.65 with the
feeder sort-outs averaging around 80 pounds
going out around 22.75; week’s bulk good
and choice native spring lambs, 23.00
23.65, latter price paid freely by all in
terests from midweek on, liberal share of
natives grading common to medium sold.
14.50-19.00: several loads good and choice
yearlings around 90-100 pounds. 10.50
20.00, numerous cars medium and good
yearlings. 17.50-18.50 with medium feeder
jraamso.
slaughter ewes. 7.50-6.50. common to me
dium. 5.50-7.00: few yearlings breeding
ewes good and choice 16.00. comparable
grade twos and threes. 12.50-10.00.
Photographic Society
Plans Exhibits Here
A demonstration of portrait light-:
ing and technique will be featured
at the meeting of the National
Photographic Society at 8:15 p.m..
September 11, at the National
Museum.
Other activities planned by the
society include a discussion of scenic
photography on September 17 and
a display of 25 outstanding salon
prints from the Cleveland Camera
Guild at the Petworth Public Li
brary, begining September 17.
Consistent, systematic saving now can mean
k;ii an Anchor of Security for you and your fam
i'. J ily in the years to come.
R-jj Some of the worthwhile saving goals for
lii" which an account may be opened at the
First Federal Savings of Washington are:
ESkIx —
• A Home of Your Own j
• Educational Funds
• Vacation and Travel Funds
• Emergency Funds
• Retirement Funds
• Business Reserve Funds
| & You are invited to open a Savings Account—
'1
to add to it regularly and to have earnings
credited every six months,—All By Mail*
m
tfe “The LARGEST Federally-Insured Mutual
Savings Institution in the Nation's Capital"
u
if FIRST F€D€RRL SAVINGS
'1 ROD LORO ASSOCIATION
■ ;§; o» watMinoTon
a** ,
Me Bnnrh O^ret—Conveniently Located t
610 Thirteenth St. N.W. (Bet FAG)
District 2370
. »
. ^ i I
Cotton Textile Prices Firm,
Print Cloths in Demand
By th« Associated Press
NEW YORK, Aug. 30.—Prices were
firm in the cotton textile market
during the past week with demand
still centering on print cloths.
As,offerings were scarce, business
was limited to scattered lots for
spot and future delivery. Some sell
ing houses indicated they would not
release substantial amounts of goods
until after the September 8 Gov
ernment cotton crop report which
will §ive a better idea of supply
prospects. ,
Merchants generally expressed the
belief that buying of goods would
continue to hold at a high rate for
some months since several mills
already are making fair sales of
print cloths and broadcloths for the
second quarter of next year. The
outlook for heavy industrial goods is
considered less favorable.
Demand for drills and pocketing
twills improved after a long period
of inactivity and light weight sheet
ings were sought.
Interest in worsted goods for men’s
wear continued to exceed supplies
and more mills were expected to
announce spring lines and prices
after the Labor Day holiday.
With several of the leading mills
deferring fourth quarter allotments
until next month, rayon goods were
scarce.
Andrews Field to Sell
Surplus Furniture, Tools
Small lots of surplus office and
bedroom furniture, tools and air
plane equipment will be on' sale at
Andrews Field for a week beginning
at 8:30 a.m. Tuesday, the Andrews
Field information office announced
yesterday.
Items for sale will include cotton
comforters, double-decker beds, air
craft electronic equipment, aircraft
supplies, auxiliary fuel tanks’ small
tools, hand tools, step ladders, scaf
fold latters and parachutes.
Workshops in 850,000 Homes
PHILADELPHIA, Aug. 30 (Spe
cial).—A record 850,000 United
States homes are now equipped with
workshops, says R. Robert Zlsette,
general sales manager of 8KF In
dustries, Inc., in a report on produc
tion of small antifriction bearings
for portable power tools.
Baltimore Markets
BALTIMORE. Aug. 30 </P), — Apples:
Market about steady; demand moderate
on most stock, dull on others; bushel
baskets. D. 6. It Maryland and Pennsyl
vania Summer Rarnbos. 2>A Inches and
up, 2.00-2.50, best mostly 2.25-2.50: 2%
inches and up. 2.25-2.50; 2 Inches. 2.76;
no grade mark, few 1.50; Weaithys, 2Va
inches and uo, 2.00-2.26.
Potatoes—Market about steady: 100
pound sacks, U. S. Is, size A. unwashed.
Pennsylvania Cobblers, 2.20-2.25. few
best, 2.60; unclassified, few sales, 90;
60-pound paper sacks. 1.16, few 1.26;
15-pound paper lacks, 40; Katahdins,
2.25-2.60.
Sweet Potatoes—Market about steady;
supplies moderate; Maryland and Virginia
Eastern Shore, bushel baskets. Goldens. U.
S. Is. washed and waxed. 2.60-3.00: un
washed. 2.40-2.50: few. best. 2.75; un
classified, 1.00-1.25; Puerto Ricans. U
?ls. washed and waxed, large size,
ew sales. 2.50: North Carolina, bushel I
baskets. Goldens, U. B. Is, unwashed,
2.26-2.50.
Poultry Quotations.
Poultry—-About steady fryers and broil-1
ers. fowl slightly stronger; receipts light: j
demand moderate; fryers and broilers.
37-38. few poorer. 35; lightweights, 30.
few 31; fowl, colored. 30-31. few 32:
lightweights. 17-20: few. fancy. 22:
roasters, few 38. Ducks (Muscovy), 33-.J5.
Livestock Market.
Cattle, none: compared with week ago:
slaughter steers, after regaining part of
early week's decline, closed weak to 50
cents lower; heifers scarce, 50 cents higher:
canner and cutter cows. 1.50 higher: all
others. 1.00 up; bulls, 50 cents higher;
stockers and feeders, fully steady; bulk
average and top good 900-1.155 lb. grass
26.50; few loads top good weighty grassers.
27.00- 25: few top good fed steers, 26.DO
28.50; week's top and new high on crop.
32.00 paid for four strictly choice light
weight fed steers; medium and low good
grassers. 21.00-24.50; strictly medium
grade down to 17.00: cutter and common
steers to killers, 13.50-16.00: medium and
good grassy heifers. 18.50-24.00; few top
good. 25.00: good cows. 16.50-19.00: odd
head lots. 20.00-25: common and medium,
13.00- 16.00; canners and cutters. 10.50
13.00; odd head lots good beef bulls, 32.00;
bulk. 18.50-20.00; medium and good
weighty sausage bulls, 16.60-18.00; light
and medium weights. 14.00-16.25; medium
and good Stocker and feeder steers, 900
pounds, down 18.00-22.00; common light
weight Stockers, 12.50-16.60.
Calves, none: compared with week ago;
vealers. steady; mixed lots good and choice
150-220 pounds, 19.00-23.00; strictly
choice. 24.00: common and medium, 11.00
12.00; culls, around 9.00; weighty slaugh
ter calves slow, steady; good and choice
275-350 pounds, 16.00-18.00; steer calves
to feeder buyers, up to 20.00.
Hogs, none: compared with week ago:
hog prices fluctuated throughout the week
and closed 50 cents lower on all classes;
late top. 28.25: good and choice 120-140
pound barrows and gilts. 25.75-26.00:
140-160 pounds. 27.00-25: 160-250
pounds. 27.76-28.25; 250-275 pounds.
26.50-27.00; 276-300 pounds. 25.25
26.00; 300-350 pounds. 22.75-23.75: 350
pounds up. 21.75-22.25; good and choice
sows under 400 pounds. 20.60-21.50: sows
over 400 pounds. 19.50 down.
Sheep, none; compared with week ago;
slaughter lambs steady: mixed lots good
and choice spring lambs, bucks Included.
23 00-24.00; mixed lots medium and good.
18.00- 22.00: cull and common. 11.00
13.00; slaughter ewes steady: good and
choice fresh shorn ewes under 1,50 pounds,
7.00- 50; common and medium, 3.60-6.50.
Grain Market.
Flour—Receipts, 2.945 100-pound sacks.
Wheat—Receipts. 161,191 bushels; ship
ments. 893,066 bushels: stocks. 4.572.452
bushels; No. 2 red. garlicky, spot, domestic,
2.62: August. 2.52.
Corn—Receipts. 18.819 bushels: ship
ments. 294,483 bushels; stocks, 472.378
bushels.
Oats—Receipts, none; shipments, none;
stocks. 1,901 bushels; white oats, 1.22
1.25.
Barley — Receipts. none: shipments,
none; stocks. 69.190 bushels.
Rye—Receipts, none; shipments, none;
stocks. 43.397 bushels.
Millfeed—Receipts, none.
Hay—General hay market steady: tim
othy. clover and mixed hay prices: ¥21 to
¥23 per ten. For all grades of hay below
No. 3 prices are irregular. . -
Straw—Market steady: wheat straw. No.
2, ¥15 to *16 per ton.
Batter and Eggs.
Eggs—Market firm top grades, others
steady; receipts moderate: demand good
top grades, others slow. Wholesale sell
ing prices: A extra large, 64-66: A large.
63-64 cents; A medium. 56-57 cents:
B large. 54-56; current receipts, ungraded.
45-48 cent*.,
Money Market Faces
Busy Period After
Quiet August
iy th» Associated Press
NEW YORK, Aug. 30.—The City
of Chicago Transit Authority sold
out its entire $105,000,000 bond issue
in a whirlwind finish this week.
Facing a September 12 deadline,
the syndicate selling the issue an
nounced on August 26 that $03,
000,000 of bonds had been sold pub
licly. Buying orders apparently piled
up overnight and the following day
the syndicate disclosed the issue!
had been completely placed.
The transit authority liad sold
the bonds to the syndicate, headed
by Harris, Hall & Co., the First
Boston Corp., and Blyth & Co., on
the condition that the syndicate
would take all bonds if it had se
cured orders for 80 per cent of the
total by September. 12.
Proceeds will be used for purchase
and unification of Chicago's surface
and rapid transit lines.
Financing Volume Down.
New financing activity otherwise
was on the slow side, with the
largest issue $15,000,000 of 20-year
2?g per cent debentures of Libby,
McNeill & Libby, food packing con
cern. The issue was marketed pub
licly at 10014 by a group headed
by Glore Forgan & Co. and books
were closed early the day of of
fering.
The future, however, promised to
keep underwriters on their toes as
business was expected to step into
the new money market at a fast
rate.
August financing, incidentally,
was the slowest for any month of
the year. New bond sales were the
smallest since last September and
cFftplr /vfFoHno'c of o In tit cfrtno .Tnr»^
1945.
Underwriters, their inventories of
new corporate securities at the
lowest level in years (although some
large supplies of local government
obligations are still lying around),
sharpened their pencils for such
issues as:
$40,000,000 of 35-year debentures
of New England Telephone <51 Tele
graph Co., bids to be opened Sep
tember 30.
$100,000,000 of Pacific Telephone
& Telegraph Co. 40-year debentures,
bids expected around October 20.
$28,500,000 of (APPalachlan Elec
tric Power Co. bonds which the
company expects to market possibly
in late October. The same com
pany plans te sell 75,000 shares of
new preferred stock.
$75,000,000 of Duquesne Light Co.
30-year bonds, possibly rea,dy for
sale in mid-September.
$60,000,000 of 35-year mortgage
bonds of Detroit Edison Co., sched
uled for sale at competitive bidding
on September 9.
Bond Market Recedes.
The listed bond market, mean
while, slid down a few notches in
sleepy trade. Turnover on no day
in the week exceeded even a
meager $3,000,000.
Among the more active issues,
Chicago Transit bonds moved up
sharply following word of success
ful sale of Transit Authority bonds.
World Bank bonds firmed a bit
after a sinking spell but still
showed considerable losses from a
week ago. _•_
Banks Get Larger Share
Of Mortgage Business
The Home Loan Bank Board an
nounced yesterday that a study of
mortgages recorded in the first half
of 1947 showed that savings and
i loan associations accounted for 31
: per cent of the dollar amount of all
nonfarm real estate mortgages of
j under $20,000. This compared with
34.9 per cent for the 1946 period.
Banks and trust companies in
creased their participation in the
(lending total from 24.3 per cent in
1946 to 26.7 per cent in 1947. Mu
j tual savings banks had 4.9 per cent
j of the six months’ total this year,
i compared with 4.8 per cent in 1946.
i The proportion increased for in
surance companies irom pei tcm
to 6.4 per cent. Individuals declined
to 17.9 per cent from 20.7 per cent.
The share of miscellaneous lending
institutions rose to 13.1 per cent
from 11.2 per cent.
The report estimated that lor the
first half of 1947 aU types of lenders
recorded a total of $5,330,0000.000 In
nonfarm real estate mortgages un
der $20,000. The figure is an in
crease of 11 per cent over the first
six months of 1946._•
Chicago Grain
CHICAGO. Aug. '30 WJ.—whpsf_
vanced to new seasonal highs on the B carn
of Trade today, the September contract
reaching $2.57. but best prices were re
duced toward the close. Corn and oats
^rBuying''in the bread cereal came mainly
from commission houses It apveared to
be based upon the critical world-wide feed
situation, plus another advance in Agri
culture Department parity . pnces' L t
g^5d^l«v» lor corn
which at times displayed greater strength
perfenced in the ma'in^Ht. The September
forl<anyntCMitracte0f°tlUa->grain,n<sellirng at
C] 107;,
Thfp market will be closed Monday.
Wheft closed %-l% higher September
$2 551/4-%; corn was 1%--% higher.
September $2.44%-%. and o»t* were •- «
higher. September clo5#,
SemHEAT“ 55 " 57 2.54% 2.55%
Dec*' " 2.54% 2.56% 2.54V* 2g5
-Si n *> 5° Vo 2.50 2.51V*
5u*y :::: A **** s.24% ~ -hXh
a»SOKN " 42 2 45 2.42 2.44%
Sept. -- 42 ;-3!„ ., oc o 271/*
—- iii *VA 3:21 5.22
J*u“y f.ik a.T* 2.13% 2.1s
g?—MS* HVt 3:o»% 1:1o%
B ----- '-s® ‘sa
noSOVBEA^ 2 gl 2.80 2.80
IP |p
1J:I§ I
Ten -21.05 21.05 20.95 20.9o
Mar. ;::i21.20 21.50 21.20 21.2o
Chicago Cash Market.
Wheat. No. 2 red. 2.61%; corn. No. 2
yellow 2.47%-2.48; No. ft. 2.36%. No *
white. 2.88; oats. No. 1 heavy white,
. 1.17%; Nc. 1 white. MJ- ho \ 90
, soybeans, No. 2 yellow assorted. *.8,•...80
nominal: held seea, per .hundredweight,
nominal, timothy. 4.00-4.-.ft. red top.
. 12.50-13.00: barley malting. 1.90-*.4b
nominal: feed. 1.65-18.0 nominal._
WANTED!
INVESTMENT PROPERTY
VALUES UP TO $1,000,000
IN
COMMERCIAL STORE PROPERTY
OR
APARTMENT PROPERTIES
PRINCIPALS ONLY—REPLY IN DETAIL
Writ• Box 88-B, Star _
===E====== ===
i . i
i
BOND SUMMARY
(Fnrnlshed by the Associated Press.)
A selected list ot active Bonds on the
New York Stock Exchange. Showing the
high, low and closing price tor the week,
and the net change from the previous
Saturday's close.
Stock and Net
Dividend Rate Rich. Low Close Chi
Am dt For P 6s 2030 107% 107% 107%
Am T dt 1 8s 56 — 114% 112% 113%-1H
Am T dt T 2V.S 87 . . 101% 101% 101%
Am T dt T 2%s 81— 111% 110% 111%+ %
Am T dt T 2%s 75— 101% 100% 100%- %
Am TdtT 244180 ... 100% 99% 99%-%
Am T dt T 2%s 82.. 100% 99% 100
Am T dt T 244s 86_ 97% 97 97 - %
Am Tobacco 3s 62— 104% 104% 104%+ .%
Am Tobacco 3s 69— 103% 105 105 — %
A T dt 8 P 4s 95 — 129% 128% 128%
A C Line 1st 4s 52.. 106% 106 3 06%+ %
A C Line 4%s 64 109 108% 108%- %
BaltdtOhio 6s J 95 . 72 70% 71%
B 4 O 1st Mtg 48 st 95 94% 94%-l%
BaltdtOhio 5s G 95 . 60% 58% 59%-l%
BaltdtOhio 6s M 96 60 58% 58%-1%
BaltdtOh 5s K 2000. 60 58% 58%-l
tdtOcvHO_ 49% 47 48%
*0 48 48 93% 92% 93 + %
B&OPLEdtWV 4s 80 90 89% 89%—%
B dt O 8 W 50 st_ 82% 82% 82%—3%
B dt O TC 4s 59 _ 90% 90 90 - %
Bam * At cn 4s 51 94 91% 92 -4
Bang A cv 4s 51_ 93% 93% 93%-l%
Bell T Pa 5s 60 C ... 127% 126% 126%-1%
Beth Steel 2+«s 70 . 102% 102% 102%- %
Beth Steel 24is 76 . 102% 102% 102%- %
Bost dt Me 4%s 70 51% 51 31%-%
Bost dt Me 4s 60 84% 84 84 - %
Bost dt NY AL 4s 55 55% 52 55%+4%
Brk TJ G 2VsS 76 - 100% 100% 100%- %
But R dt P 6s 57 it . 64% 63% 63%- %
Burl C R dt N 5s 24 33% 33 33 -1
Bush Term 6s 55 .. 95 94% 94%+ %
Can Nat 5a 69 Oct - 110% 109% 109%- %
Can Nat Ry 4%s 57 116% 115% 115%-1%
Can Pacific 4s nerp 101 99Vs 100%— %
Caro C dt O 4s 65»— 108% 107% 108%+ %
Celan 3s 65_ 104% 104% 104%+ %
Cen B On Pac 4s 48. 73 72% 72%+ %
Cent Ga cn 5s 45 . 50 49% 50 +1
Cen of Ga lit 5s 45 96% 96 96%- %
Cen Pac 1st 4s 49 . 104 103% 103%- %
Cen R R N J 6s 87.. 33% 31% 33%+ %
C R R N J 5s 87r_ 32% 31% 32%
C dt O 3VaS 96 D_105% 104% 105%+ %
c ft O 3%i 96 E_105% 104% 105%+ %
C B dt Q in 4s 68— 112% 112% 112%- %
CBdtQ2%s70 —. 99 98.% 98%+ %
Chi dt East 111 me 97 38 37 37%-l%
C a W in 4%« 2038 50 50 50
Chi I 4 L 4 % s 2003. 40 39% 3?%+l
Chi Ind dt L Inc4s83 52% 51% 51%+ %
CMStPdtP4%s2019. 75 72% 73 -2
CM8tPdtP4%s2044. 56 54% 55 -1%
CMStPdtP 4s 94 - 105% 105 105
C dt N W 4%s 99— 67% 66 66 -1
Chi Ry 5s 27_ 81% 75% 81%+6%
CRIdtP 4%s 62 A— 59 57% 58 - %
CRIdtP 4 VaS 60- 1« 15% «%- %
CRIdtP 4s 88 _ -- 82% 82% 82%- %
Chi R I dt P 4s 88r_ . 82% 81% 82%
— n , n t _ oo.s QOi+ A91A A5IA— 3L4
CRI&P rt 4s 34 — 52 51 51%
Chi & W I 4 Vis 62 106% 106% 106%+ %
Childs CO 6s 67. 25% 25% 25%+ %
cm Un Ter 2Vis 74 104% 104% 104%- %
City Inyestin* 4« 61 85% 84% 85%- A
CCC&StL 4 Vis 77 — 74 72% 73%-l A
CCCSL4S0OSL 95% 95% 95%-l A
Cleve Un Ter 4Vis77 106 105% 105%- %
Cley U Trm 6« 73... 105% 105 105 -1
Col & South 4V4s80. 50 49 50
Colum G&E 3 Vis 71. 105% 105 105 - %
Oonawlth EdtS 3s 77. 108 107% 108 + A
Cons Edis 2Vis 82... 103% 103 103 - %
Cons Ed 3'As 68- 103% 103 103%+ %
Cons Ry 4s 64- 49% 47% +***+*,.
Cons Ry 4s 66 J»n_. 49 A 47% 4*'J+lJ‘
Cons Pwr 2Vis 76... 105% 10*% 104% %
Cub R R 6s 62r- 35 34% 34%
Deere * Co 2Vis 68- 104 103% 103%- %
Del & Hudson 4s 63. 98% 98 98%+ %
Del Lack&W Inc 03. *9% 48% 48%-l%
Del Lack&W 4s2042 57% 57 57 t. %
D&RGW3-4S03 82 81 81
D&RGW inc4Vi2018 50 48% 50
D&RGW&SL Inc 03. 70% 70% 70%+ A
Det Tr&Tun4VaS01- 107% 106% 106%+ %
Dow Chem 2.36s 61. 100% 100 100 A
Duquesne Lt 3Vis 66 103% 103% 103%- %
Erie 4Vis 2015_ 69 67% 67%-l%
Erie 3Vis P 90- 89% 89% 89%-l
Erie Vos 2000 G_ 89 89 09
Erie Oh 3Vi 71_105% 105% 105%+ %
Firestone T&R 3»61. 103% 103% 103%- %
Pla Esst Coast 6s74. 56 ,55% 56 -1
Gt Nor 3‘,'ss 00 N_ 103 103 103 -%
Gt Nor 2%s 2010... 89 88 88%
Gt Nor 2y«s 81- 97% 97% 97%
Gulf M & O 4s 76— 103 103 103 + %
GM& 02044 B.— 58 55% 58 +1%
Harlem R&P 4s 64- 98 97% 98 + %
Hudson Coal 6s 62A. 88 86% 88 +1%
Hud & Man rl 6s 67. 58% 56 57%+ %
Hud & Man in 5»67- 1* 14% 16 +1%
111 Bell Tel 2»/«a 81— 103% 103% 103%
111 Central 3 Vis 52— 99% 99% 99%- %
111 Central 4s 62- 100 99% 99%- %
m Central 4s 53- 99% *9% 99 A- %
HI Cent rtf 4s 66- 100% 99% 100%+ %
111 Central 4Vis 68— 81% 80% 81%+ %
111 Central 6s 65- 104% 104 1®+%— J*
I C C St L 5s 63 A— 94 93 »3%“ **
I C C 8t L 4Vis 63— 88 87% 87%+ %
Int Ort Nor 6s 52— 20 19% 19%
Int Gt Nor 1st 6s 62. 57 55% 55%-l%
int, Gt Nor 6s 66 B- 50% 49% *9%-l%
Int Hy Elec 6s 44_ 99% 98% 99%— %
Kan City Sou 4, 75. 104 103% 103%- %
KC South 3s 50- 104 104 104 -%
Lautaro Nit Inc 75 .. 89% 87% 89 A+3
Leh Val NY 4 Vis 60. ,69 68% 69 + %
Leh Val 5s 2003 st— 43% 43% 43%- %
Leh Val 4V4s 2003— 38 37% 38
Leh Val 4s 2008- 36% 35 35 -1%
L & N 3V»s 2003_105% 105 105 — %
Lorillard 3s 63*- 106% 106% 106%+ %
Main Cent 4Vis 60.. 75 74% 75
MlJh con a 3%S 08~- 109% 109% 109%+ %
“1““^:::: gS g»
SSSSffA7”-- *i% n»-i*
M-K-T 1st 4s 00- 80% 79% 79%-1
Mo Pac 5 Vis 40- «% 22 «%+ %
Mo Pac Ss 06 A- 76% 73 76 A %
Mo Pac 6. 77 P- 77 75 76%- %
Un Pac 5a 78 O- 77 75 76 m A
Mo Pac 5a 80 H-- 77 75
Mo Pac 5. 81 I- 77 75 76%- %
Mo Pac gn 4s 75- 30 27% 29%+l
Mohawk & Mai 4s01 64 64 64 5
Mor & Esse* 5s 55 . 72 71% 71% %
Mor&Esx 3V4s 2000- 59% 58% 59%+ %
Nat Dairy 2%s 70- 103% 103% 101V*- A
New Eng RR 5s 45- 69 69 69 3%
New Eng RR 4s 45 71% 68 68 3
kt Fnff TftT 4Va8 61 121* 121* 121* 1
New Orl Term 4s 63 103* 102* 102j*-l*
NO Tx&Mx 5 %s 54- 99% 98% 98%-lA
NO TX&MX 6s 54 96% 95 **_
N YCentrf 5S2013- 81% 80% 81%_ %.
N Y Cent 4'%s2013A. 73 71% 72 A 1%
N Y Cent cn 4s 98 *• *®/4
N Y C & H R 3VaS97. 87% 87 87% %
NYCMC3%s98- 67% 67»% «7*%-l%
NYChi&StL3%s80- 98% 98 |8 %
N Y Conn 2V»s 76— 99% *® * *** '*
N Y Dock 4s 61-— 100 99% 100
N T NH&H cv 6s 48- 53% 51% 53%+2%
N Y NH&H cl 6* 40.. 80% 80% 80% %
NYNH&H 4VaS 67— 51% 48% 51%+2%
N Y NH&H 4s 47- 49% 47 % 49%+2%
NYNH&H 4s 66 _. 50 47% 30+2%
N Y NH&H 4s 66- 50 % *7% 50%+2%
N Y NH&H 4s 57 —_ 13% 11% 13V4+1H
N Y NH&H 3VaS 47— 48% 46% 48%+2%
N Y NH&H 3VaS 64- 48% 46 48%+l%
N Y NH&H 3%s 66— 48% 46% 48%+l%
N Y O & W r 45 92— 10 9% 10
NYO&Wgn4s55 4% 3% 4% %
N Y P & L 23/4» 75 \ 103 103 103 /4
N Y Sus Ws e 6s 40- 12* 12* ^*-2*
N Y W& B4>/as46- 13 11% + £
Norfolk So 6s 2014- 67 46% 46%- %
Norf & west 4s 96— 134% 134% 134% %
Nor Pac 6s 2007 D- 103% 103 1°3%+ %
Nor Ptc 4*8 2047— 98 97* 97*-l*
N^r Pac 4*8 76 .. 102* 101* 102*- *
Nor Pacific 4s 97 . — 109% 1C8 108%
Nor Pacific 3s 2047. 71 68% 68%-3
Nor St Pwr 2%s 75. 103% 102% 102%- %
Ohio Edison 3s 74 - 105% 105% 105%
Oregon W RR 3s 60. 104% 104% 104%— %
Pac Oas& El 3a 74. 107% 107% 107%- %
Pac Gas & El 35 79- 108 1077% 107%+ %
Pac T & T 2%s 86— 104 103 103 -1%
Pac T & T 2%s 85 101% 101 101 - %
Penn Cent Air 3Vi60 42% 42 42%— %
Penn Pwr&Lt 3s 65. 103% 103% 103%+ >%
P^n Pwr&Lt 3s 75. 105% 105% 105%- %
Pen RR^en 5s 68 110% 109% 110 - %
Pen RR cn 4%s 60— 118 117?% 11' % A
Pen RR sn 4*8 65-. 105* 104* 105
Pen RR In 4V4s 81- 102 100* 101*-1*
Pen RR 4Vo 84 *.. 101% 100% 101 - %
Ppnn RR 4s 48----- 102 102 102
Pen RR 3V*S 62 101% 100% 100%
Peoria * Bast 4s 60 66% 65% 66%
Peoria & E In 4s 90. 167% 16%. 16%-1%
Pe?e Marot 3%s RO 104% 104% 104%- %
Phtfa B & W 6s 74- 123% 123% 1M%-1%
Phil El 2%s 67_ 104 104 104 — %
PhiUiBlne Ry 4s 37 ih aev. jj t*
Pitt Bill 27/is 96 99% 99% 99%
PC C at Eou 6.870 A 110% 110 110 - %
P C C St Lou 5s 75 B no 109% 110 -1%
Pitt&WVa 4%s 60C 88 88 88 +1
PHe 95 9814 9&lA 98Vfc— %
R?A&L4%s34V. 55% 54% 55%+ %
Rutland 1st 4Vis41 9% 9 9 -%
Sasunay Pow 3s 71- 104 1®+ ,
St L San F 4Vis2022 51% iO 51%
St L San Fran 4s 97 89 88 ®®%“ ‘j+
St L S W rl 6s 90 - 88 85% 85%-1%
StP h KCSL 4Vss41 45% 43% 43%- V«
Sea A L tnc4Vis2018 67% 66% s’ - %
Seab Air Line 4s 96- 101% 101% 301%+ %
Sens 4 S -'is 60 97% 97% 97%-%
Shell Union 2 Vis 71 99% 90% 99 - %
8ocony-Vac 2'is 76 100% 99% 99%- %
IoBellT&T2Vis85 100% 100% 1C0%- %
1 So ind Ry 2 Vis 94 - 84% 83 84%+ %
So Pacific 4 Vis 81 _. »5% 94 94 -1%
i so Pacific 4Vis 69.. 96% ,•£*“ %
So Pac 4 Vis Or 77 101 100 100*%- %
• SoPacSanPT*r3%75 104 103% 104
Sou Pacific 2Via 80. 92% 92% »2%- %
sSSth Ry 0%s 50 .. 118% 117% 117%- %
South Ry an 6s 50.. 111% 111% Hl%- %
gou Ry CD 6s 94 — 118% 118% 118%-3%
South Ry an 4s 56 97% 96% 97 - %
So west Bell 2Vis 86 101% 100% 101%- %
Std Oil N J 2%s 71. 98% 98% 96%
Texas Corn 3s 05_106% 106% 106%— %
Tex & Pac 3%s 85.. 103% 103% 103%- %
Third Aye 5s 60- 49% 48% 49%+l
Third Aye 4s 60- 82% 82 82 —1
un Pac 2Via 76 .. 105% 105% 105%
Unit Blsc Am2V4s66 102% 102 102%+%
unly Plctur 3Vis 59 101 100% 101 +1%
Va Railway 3s 95 105% 105% 105%- %
Ward Bakina 6%s70 106% 106% 1C6% — %
| w Penn P 3'is 66 - 106% 106% 106%- %
: West Shore 4s 2361 65% 64 65%+ %
western Md 4s 52 103 102 102 - %
Weat Pac 4%s2014. 102 101% 101%
Western Un 6s 61 _ 94% 93 93%+l
Western Un 5a 60 . 91% 90% 91 + %
Western Un 4 Vis 50 94% 93% 93%- %
Westine Elec 2%s71 102% 102% 102%
Wheel Steel 3 Via 67 . 101% 101% 101%
Wise Cent 4s 49- 71 89% 70%- %
Wls Cent 4s 49ct 68% 68% 68%—2%
WORLD BANK BONDS.
IntBkRAD3s 72 102 3 10116 10123-16
lntBkR&I>Qy*57 100 29 100 17 100 23-9
l
CURB SUMMARY
(Furnished by the Associated Press.)
A selected Ust of active stocks on the
New York Stock Esckance. showing the
high. low and closing price for "the week
and the net change front the previous
Saturday’s close.
Stock and Net.
Dividend Rate. Hlxh. Low. Close. Ch*
Alreon Mfg Co_ 2% 21k 21k- *4
Alum Co Am 2_ 58 531k 5314-214
Am Bantam Car_ 3 21* 3
Am City P&L B ,15g 51* 514 514-14
Am C»as& El lb ... 3814 3814 3814- *4
Amer L & T 1.20 — 19 1814 19
Am Manufact *4*_ 1614 1614 16%+ 14
Am Maracaibo_ 3>.4 2% 3 - *4
Am Meter 3g_ +8>4 47>4 4814+114
Am Pot A Ch B 1%. 3614 3514 35*4-14
Am Republics leg— 19 1814 18>4— Vk
Am Superpower- Ilk 1 114+ 14
Am Thread pf Wi- 5 4% 5
Am Writing Paper''. 914 8% 914- 14
Anch Poet Prod .20* 8 75* 7%— 14
Apex Elec Mf*-- 91* 9*4 91k— H |
Arkansas Nat Qas A 55* 514 514— 14
Aro Equip .45*- 111* 11 111*
Ashland Oil&R 60a. 121* 1214 1214- 14
Atlas Corp w w_ 514 51* 51*
Atlas Ply 214_ 30*4 2914 2914- 1*
Ayrshire Col 1.20... 53 53 53 +3
Babcock & Wll 11*8. 69 48 4854+ 1*
Baldwin Rubber.70 1114 HI* 1114+ V*
Barium Steel.. ... 5 41* 5
Basic Refract .40— x 6*4 614 614— 14
Bell Tel Can 8_ 130 14914 150 -6
Berk & Gay Furn... 11* H*. 11*
Blue Ridge .10*- 314 3 314+ Vk
Brazil Trac L & P 2. 1814 18 1814+ l4
Breeze Corp lg-x 13 421* 13 — 14
Brewster Aero - 51* 5 514
Brown Frm Dlst .80 211* 2014 21Va+ 14
Brown Rubber .30g. 714 7Vk 714
Bunker Hill & S Vk*. 1714 165* 165k- Vk
Burma Ltd- 'Vie J* Jb— j*
Burry Biscuit_ 31* 3*4 314— Vk
Callite Tun*_ 3‘4 3Vk 314+ Vk
Can Marconi- 114 11* 11*
Carey Bax & K leg - 71* 714 714
Carr Cons Blsc Co 1. x »V4 914 91*
Casco Products_ 65* 614 654+ Ik
Cataiin Am ,40a105k 1014 1054+ *4
Cent & 8 W Corp .70 1014 95* 1014+ 1*
Cent State Elec Pf - 68 65 68 +1
Cent States El 6 pf.. 1714 1614 1714- 5*
Cent Sta El cv pf n _. 17*4 17 1714-2*41
Cessna Aire ,15e—, 314 3% 31*
Chi Rivet la_ 17 1614 1214-1*
Chief Cons Mng- l'/a IV* l'/e+ Vk
Childs pf_ 12514 123 123 -1
Cities Service_ 37 355* 36*4- 1*
Claude Neon_ 21* 21* 214
Clinch Coal 1_, 99 9714 99 +1
Colon Development- 314 314 314— 14
ColonialAirlines_ 8*4 7*4 814+ V«
Col Sand&Stone .40 714 65* 7
Colo Fuel & Ir war.. 51* 514 5*4-14
r’rsit.c r.n 313/4 35Vi+3Vi
Commodore Hotel _ 5V* 534 “54— 54
Comwlth & Sou war Via 5i« Viz
Community Pb Svc 2 3154 3154 31*/«+ 54
Cons Gas Util 54 834 854 834
ConsMngdrSmit 254a 73V* 71 71 —4
Cons Steel Corp **g_ 28 2654 2734— V4
Cons Taxtlle 1.15*-. H*A 105* 1154
Cont Fdy <Sr M 3»g_1454 1* 1*54
Copper Range Va*-— 103* 934 1054
Comuc G Min- 34 5*
CorrondrReyn- 354 354 354- 54
Cosden Petroleum— 454 4 4 — 54
Creole Pet 1.95g—x 35 34 3454+ 34
Croft Brew .05e_ 1V4‘ 154 154- 54
Crown Cent Pet- 354 5 5 + 54
Crown Drug .10*- 4 354 334- 34
Cuban Atl Sugar 2a. 2054 J**4 20 -
Dennison Mf A .60*. 10V4 1054 1054— 54
Derby Oil .35*- 1354 1454 1454“ J*
Det Gray Iron .10*.. 254 254 254- ■*
Det Steel Prod_ 1854 1834 1854- 54
Diana Stores 54-x 63* 654 634
Divco Cotp 1- 1554 145* 1454“ J*
Domestic Credit- 354 3 334+ /*
Domin Stl A C h34— 12*4 1154 1254+ 3*
Eastern Gas dr Fuel- 354 3 5* 354- 54
East States pf A- 7354 7154 72 -JA
East States pf B- 69 67 69 -1
EasbSu* A pf 134k.. 5454 49'A 5454+354
Easy Wash B Vs*- JO 954 954- 34
Elec Bond dr Share.. 1254 1134 1*34- 54
Elec Pow dr Lt war— 35* 55* 554- 3*
Elliott Co_ 22*/* 20'/* 2254+154
Eauity Corp_- l‘A 134 154+ 54
Eouity Cp $3 pflVlk. 49 4854 4854+154
Esquire Inc .70- » 85* 854— 34
Eureka C Ltd_ 2M« 2‘A 23i*+ 54
Fairchild Cam_ 8*/* 754 854+ 54
Fairchild E dr A- 354 254 3 54+ 54
Fansteel Metal V«e— 1854 17 J75A 1
Fedders-Qulg .80— 1154 1154 115>
Ford Mot Can A 54t- 18 1754 18 - 54
Ford Mot Ltd .211*- 554 554 554 - 54
Fox(P)Brew .la_ 2334 2 254 2 354 154
Fuller (GA) 134e- 22 21 21
Gen Build Supply... 454 454 454- V4
Gen Finance 20_ 9 854 83*+ 5*
Gen Flrepfg 2c_ 30 2954 30 - 54
Gen Plywood .80a_ 193* 1954 1954— 3*
Giant YelGM- 35* 55* 3V*
Gilbert <AC)_ 18 16V* 18 +1
Gleaner Har* 1.20a x 245* 2354 23*4+ 54
Glen AldenCoal 2—. 1834 1854 1834+ 54
Goldfield Cons- *5U 54 >M»
Gt Atl 4 P nv 4g- 10554 104 104 - 54
Great Nor Paper 2.. 45V* 4354 4354—154
Hall Lamp .70*- 1354 1234 1354+ 34
Hearn Dept Str 34 g. 954 954 9 54- 54
Hecla Mining 1- 1J‘4 1154 1154- |A
Heyden Chemical 1- 23*4 2254 2254— 54
Hoil C Gold .18*- 93* 95* 93*+ 54
Horn & Hard 2-395a 383* 383*- 54
Humble Oil 2*- 70*4 6854 6934- 54
Huylers__ 8 */& 8 8%+ %
Hygrade Food 54*.. 2954 273* 2734—154
. Illinois Power 2_ 3054 2954 2954- 54
Imp Oil Ltd *4_ 1234 113* 1234+ 5*
, ins Co N Am 254a... 903* 90 »0-l
int Hydro Elec pf— «8 66 ««4-134
, Int Petrol 54- J154 J03* J154+ 54
Int Products 54*- JJ J+54 1J54- 34
Int Utilities .90-113* 1J5* 1JJ4+ 54
Invest Royalty .04— J'A 154 J34+ 3*
, Jeanette Glass 2- 1134 954 1054- V*
Jeff Lake S- +34 4 454+ 5*
, Kalser-Frszler- 8>A • *
King Seeley .80-x 1354 1454 1454- 54
Kingston Prod .20.. 454 454 454+ 54
Kirby Petrol .10e-„ 1234 11 11 -134
Kirk Lake G M .02.. 154 1*3* 154
Lake Shore M .54*— 1234 1254 1234+ 5*
Lakey Fdy A M .45*. 7 65* 65** 3*
1 r -ricvs 1 nn 11/4 lVfc lVfc~
LeTourneau- lfll/4 *7H 18/i+i
Line Material- 19 18* 19 + *
Logans Distill- TH 6*4 7*+*
Lone Star Gail.-- 19* 18* 19*+ *
Long Island Lightng *4u * *“ *
Longines-Witt .60 #* » » ~ J*
Louis Land & Ex .80 x 16* 15* 1*
Lynch Corp .90? ... 17-/4 17V* 17/* IV*
Manati Suear war.. 7A* *A* A$- /«
McCord Corp’sg- 19* 18* 19 4- 4
McWill Dredge- 12* 12* 12*- *
Mead John ,60a 25* 25 254
Memphis N Gas ,I0g 6 5* 6
Mcnasco Manulact-. 1* 1* i*
Merritt-C & S 1.60.. 18* 17 18*
Mesabl Iron- * ** 7*
Michigan Sugar — 2* 2>4 24
Mich Bug pf 1.30k 10* 10 10 - *
Mid St P A vtc 2.40e 19* 19* 19* *
MIdSta PwrBrtc — 4* +* J* *
Mid West Corp *b- 15* 15 15*- *
Midi Steel n-cum 3-. 30* 30* 30*+ A
Midwest Oil ,90a— IS* 15 15 - *
Miller Wohl .80- 8* 8* 8* *
Mining Corp Can—. 7* 7* 7*+ *
Molybdenum >4- 8 7 4 8 4
Monogram Picture*- 3* 3* 34+ *
Montgom Ward A 7_ 189 189 189 +1*
MorrlsPl Cp Vie- +* *
Mt City Copper _ 1* W* Jj* *
Muskeg P Ring ,90h 14* 14* 1.4*
Nat Bellas Hess 20g x 3* 3* 3*+ *
Nat Fuel Gas .80 — 12* 12* 1*4+ *
Nat Trans ,35g- 16 i5 *
Nat Tunnel & M —. Ms ** 2™ , ,,
New Eng T&T 3*4* 95 93 4 95 + *
New Jer Zinc 2g- 60* 59* 59*- *
New MeX A Ariz- 5 4* 4* 4
Niagara HudFr — 8* 8* 8*+ *
Niag Hud B war- **<• A .4+ *
Niles-BemP 45g—_ 10* 10* 1°* 4
Noma Elec >4b- 16 14* 16 +1
No Am Lt & Pwr- 8 7* 7*-*
Northeast Airline—- * 3* 3* 4
Old Poindex 20e 6* 6 4 6*+ *
Pac Gis&El 6 pi 1* 41 40* 40* 4
Pan Am Air war- V* * *
Pantepec Oil 64 - 9* 9 9.4+ . •
Pat-Plymouth 6g— 80 80 80 10
Pentn Tel 2- 47 44* 44*-2 4
Pennroad V«a- ® ^ J
Pep Boys 748- ®/4 ,5 .4
Pepperell 3a-- —~ 56 914 56 +4
Pharis Tire&Rub .60 6*„ « «‘++ ‘4
Phillips Packing- 12* 12* 12 4 1
Pioneer Gold — 3* 3* 3*
Pitney-Bowes .60--- 11* 11*4 114 4
Pitts Bess & L E 1*4- 44* 44 4 J4*-l*
Pitts & Lake Erie 2g 58 56* 57*- *
Producers Corp- 1* 1* 1*
Pug Sd P&T 2g- 38* 37 38*+l
R-K-O opt war- 3 2 4 3
Raytheon Mf8 _ 7Z7 ..
Reliance E & E J g— *Z^ 7?
Richmond Rad --- *% S 9 %
RioGr ValGas.lOg. 1%
Rons Art Met 1 20a x 19% 1»% 19%+1
Root Petroleum - l£J* 1is/?.
3tyLawrnenceT '6—12* 1H* 1»£ %
StLawrenc- pf 1- 38% 38 38%+ %
Salt Dome Oil - ®% 8% 8 4
Schulte DA.40-—. *% 3% 3% 4
Scovili Mfg 2- 35 34 34 -1
Segal Lock & Hard- 2% 2 4 2 4
Select Induatrlea— 2% f*. ,,
ShattuckDenn- 3 z% j f 4
Sher.-Wms new- 72% 71% 72 4_
Simplicity Pat .40-- »% 0 ® _-/*
Singer Mig 6a- 2®® 2®* 2®| 1/1
Solar Aircraft- 10% 9 4 9%
Solar Manufact- 4 3% 4 + %
Sonotone.lOg-x 3% 3% 3%+ %
Boss Mfg Vag- ® ®+ 2
South Penn Oil la-- 31% 30% 30% %
Std OilKy 1.40a—x 30% 29% 29%- %
Std Pow & Lt *‘4 2% |%— 4
Sterl Brew 34g- ® 'J* LI S
Sterling Inc Va — 10% 9% 9% %
Sun Ray Drug .OBh 8% 8% 8%- %
Sunbeam Corp 1.20g 35% 34 34%+ %
Technicolor */ag- 1* * ?-2%+ h
Textron Inc‘/ag- 13 4 13 4 13%—%
Trans-Lux >/«*- * 3% 4 + %
Tri-Conti w w_..... 2% 2* 2*— Mi
Unit Aire Prod- 3* 3*
United Corp war — * £
Unit Gas 85g- 17% 16% 17%+%
Unit Lt & Rys %f 23 21% 23 + %
Unit Shoe Mach 2%» ««% «* *® “ %
U S Foil B 15g 13 12* 13 4* *
Un tv Cons Oil *4fc- - - 35* 34% 35-1
Utah-IdahoSua 15g 3% 3% 3 4
Valspar Corp %«— y% %
Warner Aircraft ... 2% 2% 2%
Wentworth Mfg %— ®% 7% 8%+l%
West Va C&C >/«g— 14% 13% 14 - 4
Wilson Bros 30g— 6% 6% «%- %
Wright Harg 16 - 2% 2* 2 /is— As
Rates of dividends In the foregoing table
are annual dibursements based on the last
quarterly or semiannual declaration. Un
less otherwise noted, special o+extr* dlTl
ffiSS."S*a W’SU.SAVSiS S
isi sRa«sy%* »‘sfvs
i
| Business Briefs |
Consumer Credit Volume totaled
$11,060,000,000 on July 31, a gain of
$90,000,000 or 1% from a month
earlier — Federal Reserve Board.
Major increase was in installment
loans, upon which controls will end
November 1.
Aggressive Furniture Buying has
replaced the former passive waiting
for lower prices, indicating a re
versal in tflfe psychology of retailers
—Seidman & Seidman. July book
ings were nearly double a year
earlier.
Improving Sugar Supplies were
cited by the Department of Agricul
ture in lifting all Inventory controls
on the commodity. Price regulations
are the only remaining controls.
Boston Elevated Railway Co. was
purchased by the Metropolitan
Transit Authority of Boston for $20,
300,000.
Tucker Corp. has obtained suffi
cient funds through stock financing
and sale of dealer franchise to take
over the Dodge-Chicago plant to
manufacture its new automobiles. A
syndicate has sold 2.900,000 common
shares of the company to net $12.
320.000 and more than $6,100,000 has
been received from franchises, offi
cials said.
Heyden Chemical Corp. stockhold
ers will vote September 22 on pro
posed issuance of 60.000 new second
preferred shares. Debentures also
will be issued in a program to raise
$6,000,000 to $10,000,000 for expan
sion purposes.
Commonwealth of Massachusetts
will open bids September 9 on $54,
fiftfl nnn O f trotnAUC rvni*AAcn Isnn a] in
eluding $50,000,000 of veterans serv
ice bonds, due 1950-54.
New England Telephone & Tele
graph Co. registered with the SEC
$40,000,000 of 35-year debentures
due 1982, to repay borrowings from
A. T. & T. for construction pur
poses.
Gum Products, Inc.,_ registered
with the SEC 175,000 class A $5 par
cumulative convertible shares and
273,500 common shares. Proceeds
will be used to buy capital stock ol
its subsidiary, H. & H. Candy Corp
and redeem 5% preferred shares.
Colt’s Mfg. Co. declared a specia
dividend of $1.75 a common share
payable October 22. This is the firs
payment since December, 1943.
Soss Mfg. Co. declared a dividem
of 12'/6 cents a common share, pay
able September 15. Last previou,
payment was a like amount in Sep
tember, 1946.
Pennsylvania Railroad reported i
deficit of $8,090,278 for seven month
ended July 31 vs. a loss of $21,150,
445 in the same 1946 period. Net in
come for July was $920,221 vs. $2,
358,512 in the same 1946 month.
Great Northern Railway eamei
$7,751,291 or $2.50 a share in sevei
months ended July 31 vs. $3,266,34
or $1.05 a year earlier.
Federated Department Store
profit for 12 months ended; Augus
2 was $9,823,680 or $3.83 vs. $9,602,
317 or $3.68 in the preceding flsca
period. Net for three months endei
the same date was $1,240,108 or 4
cents vs. $2,178,964 or 82 cents ii
the same 1946 period.
Republic Natural Gas Co. eamei
$3,040,034 or $4.19 in 12 month
ended June 30 vs. $1,779,404 or $2.4
in tne previous year.
Lake Shore Mines, Ltd., profit fo
12 months ended June 30 was $1,
348,174 or 67 cents vs. $1,652,791 o
83 cents in the preceding fisca
period.
Franklin Simon Co. earned $93,
183 or 18 cents in six months endei
July 31 vs. $491,765 or $1.99 a yea
earlier.
Ford Motor Co. announced pro
duction of its new 8N tractor ha
reached a new peak of 400 a day am
expects to turn out 430 daily b;
October and 450 daily by Decembei
Piper Aircraft Carp, appoints
Walter C. Jamouneau secretary am
assistant treasurer to succeed W. 1
Piper, jr„ who was reassigned t
the sales department. Ted V. Well
resigned as vice president.
V. M. I. Expects 785 to Enrol
LEXINGTON, Va„ Aug. 30
An enrollment of 785 is expected thi
year at Virginia Military Institute
which begins its 109th year Thurs
day.
REAL ESTATE LOANS
★ 4'/4% Interest
* No appraisal tarns or commissions
Phone NA. 0804
The American Hama Mutual
Ufa In*. Co.
71* llth It N.W.
STEEL SLITTING AND COLD
FORMED SECTION CAPACITY
We can slit coll* no to 40" wid*.
IS cauce or lichter.
We can cold form mliceUanesns ancle*,
channel*. eU.. 11 cauce or llchtor. no
to developed width* of 10 . depondinc
on deolcn «t section.
Address: VIRGINIA METAL PRODUCTS
CORP.. ORANGE, VIRGINIA.
il
ST
Frank S.
PHILLIPS
927 15th St. Dl. 1411
Loan Correspondent
New Inaland Mutual Life Ini. Co. 1
The Midland Mutual Ltte Ini. Co.
We welcome . . .
; your SAVINGS
accounts INSURED Up to
$5,000.00
1
» by tho FEDERAL SAVINGS
, and LOAN INSURANCE CORP.
I CHEVYGHASE
\ BUILDING &■ LOAN
ASSOCIATION
I 6910 WittoBtiH A 99.
| Chivy Chau. Mi. Wl. 2421
i HOME FINANCING
Specialists
1 ; 64th Yaar of Sarvita
| Let us help you with your
- j loan problems
3 {
1
Plan for tomorrow by
1 I starting a savings
• j account here today
| i Fad a rally auparviiad
HOME BUILDING
I ASSOCIATION
2006 Pa. Ave. N.W.
’ ji REpublic 0250
'I_
-
For Sale!
HOTEL HENLOPEN
DELAWARE'S LARGEST AND
FINEST RESORT HOTEL
REHOBOTH BEACH, DELAWARE
FOR PARTICULARS ADDRESS:
J. Z. LIPSKY, HOTEL HENLOPEN, INC.,
REHOBOTH BEACH, DELAWARE
INVESTMENT OPPORTUNITY
! Automobile business, including exclu*.
sive Washington and Baltimore fran
chise. Established 15 years. Exclusive
clientele. Will sell for $65,000 includ
ing $20,000 equipment. Business has a
present net income of $1,000 per week.
Write Box 12-B, Star
, *
OFFICE SPACE AVAILABLE
Large and small units. All outside space pro
viding bright and well-ventilated offices in f
modern office building.
Some of the advantages of having an office in this
building are:
Convenient location. Near Federal Court
Buildings and Municipal Center. .
Within a few minutes walk of Capitol Hill,
Supreme Court and Union Station.
Convenient transportation to all parts of city
and convenient parking facilities in uncon
jested area.
Address: Box-319-Z, Star
1' v ‘ _j
l »