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Griffith-Consumers Offers Preferred for Common Shares By Edward C. Stone Griffith-Consumers Co. common stockholders are being given rights to ex-change their present holdings for a new issue of preferred stock at the ratio of one new share for each four shares of common, it was an nounced today. The company, which deals in coal, fuel oil and building materials, pro poses to issue 5,000 shares of 2ts per cent prefererd stock, par value $50 a share, to replace the outstanding 20.000 shares of common. The company will continue to have one issue of stock. Recent sales In the common have been reported around 54 over the counter. It was predicted today that present com mon stock holders will take all the new stock. Should any shares be unsubscribed, they will be underwritten by Mackall & Coe and offered to the public. The old stock has been very closely held and has an excellent dividend record. H. Rozier Dulany is chairman of the board and Pere A. Wilmer presi dent of the company. The present firm was formed in 1928 through a inn gci mu x Fleming Heads A. I. B. Advisors. Robert V. Fleming, president of the Riggs National Bank, has been appointed chairman of the Advisory Committee of Washington Chapter, American Institute of Banking, by Theodore Cowgill, president. Fred L. Lutes, Suburban National, was named vice chairman, the other members including: Daniel W. Bell, W. Ladru Koontz, Thomas J. Groom, Clarence F. Bur ton. Wilmer J. Waller, David S. Hendrick, M. F. Calnan, Floyd E. Davis. Lanier P. McLachlen, Chris topher H. Pope, J. Frank White, George A. Didden, jr.. C. F. Jacob sen, Bruce Baird, John A. Reilly, Francis G. Addison, jr„ S. William Miller, Harry G. Meem, John E. Fowler, O. W. Youngblood. T. Howard Duckett, and George T. Day. The new committee, together with the officers and instructors of Wash ington Chapter, will have a dinner meeting this evening at the May flower. Increase in Buying Noted. Purchasing, the national maga zine, reports an increase in hand to-mouth buying reflecting a move toward inventory reduction, expec tation of lower prices and improved quality, and greater availability of supplies. A survey indicates this policy will last six months or more. C. V. Colocotronis, Commercial Attache of the Royal Greek Embassy in'Washington, w'ill be absent for a couple of weeks on a short leave to Greece. Directors of Manufacturers' Credit Corp., commercial bankers, have declared a regular quarterly divi dend of 1>2 per cent on the 6 per cent preferred stock, payable Sep tember 30 to stock of record Sep tember 22, Charles Delmar, presi dent. announced today. Gordon Foods directors have voted a quarierlv dividend of 10 cents a share, payable September 30 to stockholders of record September 19. Investment Firms Top List. Of the top 20 investment banking firms participating in financing America’s industries in August, four in this section were among the lead ers, the Investment Dealers Digest announced today. These firms are Alexander Brown & Sons, participation, $1,116,000; Auchincloss, Parker & Redpath, $1, 014.000: Folger, Nolan, Inc., $1,014, 000, and Johnston. Lemon & Co., $ l .UIt.'Juv. Willy live Aiiliifi uuwiuo New York were among the first 20 in dollar value of stocks and bonds underwritten. The other was on the Pacific Coast. The Washington office of Bache & Co. today reported a growing in terest in over-the-counter trading in platinum. The First Boston Corp. and several Washington investment firms today offered 10CT$00 shares of Seaboard Finance Co. S2.60 convertible pre ferred stock at $53 per share. The offering is subject in part to ex change rights for holders of the old preferred. The yield is 4.91 per cent. International Bank of Reconstruc tion and Development's 25-vear 3s dipped below 101 yesterday, off more than 2 points from the July record high of 103’s. Business Briefs Electrical energy distribution dip'ped sharply to 7.720,659,000 kilo watthours in the week ended Sep tember 6. reflecting the Labor Day holiday. This compared with 4.939, 801,000 kilowatthours in the pre ceeding week and was 12.8% up from 4.184.404.000 kilowatthours in the corresponding week a year ago. —Edison Electrical Institute. Stone & Webster Securities Corp. and White. Weld & Co. head a group who will offer a new issue of $40,000,0000 Tennessee Gas Trans mission Co. first mortgage 3 per cent 20-year bonds and 100.000 shares of the company's 4.25 per cent cumulative preferred stock. The bonds will be offered at 102% to yield 2.85 per cent to maturity and the stock at $103 a share to yield about 4.12 per cent. General Motors Corp. plants in the United States and Canada pro duced 143.827 cars and trucks in Au gust. topping by 4.533 units the July output. Brewing Corp. of America in 9 months ended June 30 earned $1. _ ~ v. _ up *1 ROl _ f*D0,IVO U1 c* »•*«* - ’ 763 or $10.52 in 1946 period. . Burroughs Adding Machine in first half earned $2,657,382 or 53 cents a share vs. $561,315 or 11 cents a share in 1946 period. Clorox Chemical Co. for year ended June 30 earned $567,489 or $1.73 a share vs. $638,704 or $1.94 in previous year. Motor Products Corp. for year ended June 30 earned $1,866,446 or $4.78 a share vs. $119,480 or 31 cents a share in the previous year. New York Telephone Co. for 7 months ended July 31 earned $20. 722.093 vs. $23,153,642 in 1946 period. Western Union Telegraph for 7 months ended July 31 earned $6,536, 404 or $5.31 on class A shares vs. a net loss of $7,963,414 in the 1946 period. Dodge Manufacturing Corp. for vear ended June 30 earned $519,421 or $3.04 a share vs. $304,037 or $1.18 a share in 1946. Outlook for retail business through - 1947 and at least part of 1948 is •'basically sound," Roy Foulke, vice president of Dun & Bradstreet, told a meeting of the Smaller Stores Clinic of the National Dry Goods Association. Halsey Stuart & Co. and asso ciates apparently were high bid ders for $30,000,000 of soldier bonus bonds with a 1'. per cent coupon, sold bv the State of Michigan, of fering' 100.2499, or a net interest cost of 1.22 per cent. The bonds will be reoffered, subject to award, at prices to yield 0.70 per cent for those due March 15, 1949. to 1.30 pertf cent for those due March 15, N. Y. STOCK EXCHANGE I (Furnished by the Associated Press.) Saler— Stock and Add Net Dividend Rate. 00. High. Low. 2:30. chte ABBOTT LABI.'a 10 77% 76% 76% - % A CP-Brill Mot 18 8 8 Acme Steel 3g _ 2 53% 53% 53% — % Adams Exp Ug 8 17% 17 17 Addreso-M2.35g 1 36 36 36 -1 AdmiralC’orpVig 1 7% 7% 7% + % Air Reduction 1 2A 28% 27% 28% Alaska Juneau 1 4% 4% 4% + % Aldens Inc 1 >»a 1 20% 20% 20% + Vi tAldcns pf 4 Vi . 30 101% 101% 101% + 7i Alleghany Corn 5 3% 3% 3% Alleghany Co of 3 36% 35% 35%+ 7\ ! Alleg Lud 1 .lOn . 3 34Vi 34Vi 34* + M \ Allen Indust 1 5 221.-4 22V4 22V4 + Vi | K Chm & Dje 0 6 183V4 181* 183* +1 Allied Stores a 8 34 33Ve 34 + Vi I Allis Chaim i 00 9 36H 36 36 + Vi ' Allis ChM of 3Vs 2 9SV4 98* 98'4 + Vi ; Amerada Pet 2 _ 1 80'/. 80'/. 80* -IVi Am Agricul 3a _ 2 45% 45 45 -1% Am Airlines __ 5 8% 8% 8% - % Am Alrl of .*1% 3 66 66 66 AmBankN l.flOg 5 21% 21% 21%-% Am Brake 1 log 1 41 41 41 + % i Am Cable & Rad 2 5 4% 5 + % Am Can 3 5 86% 66% 86% - % ♦Am Can pf 7 40 195 195 195 Am Car&Fdy 3g 6 48** 48 48% + M Am jCar&F pi 7 1 106% 106% 106% - Vi AmCh&Cbl 1.40 1 23% 23% 23% Am Colony 1.20 l 20 20 20 AmCyanamid 1 a 9 45% 44% 443*+ AmCyamidSVaPf 5 113% 113% 113% Am Export L 2 4 17% 17 17%+ M Am * Frn Pwr . 4 3% 3% 3% Am&FPCdPf 4 16% 16% 16% + VS AmHide & L **g 1 7% 7% 7% + % Am Home 1.20a 23 24 23% 23% Am Ice %g 1 7% 7** 7% + \i Am Locoml 40a 6 21% 21% 21% Am Meh&Fd 8n 2 253* 25** 25% + M ♦Am Metals Df 6 60 144 144 144 Am Power A Tt 4 10% 103* 1C% Am P&L *flpffik 1 107 107 107 Am P&L $6pf5k 2 97% 97% 97% + VS AmRad&SS.fiOg 10 13% 13% 133* - 1* I Am K Mill 1 tig 12 31% 30% 30% - % 'Am RM pf 4% 20 106 105% 105% - % Am Sm A R 3g_. 6 58% 58% *8% 'Am S&R pf 7 90 167 166 166 Am 8tl Found 2 8 29 28% 29 + % Am Sug Ref 2 Vag 1 39% 39% 39% Am Sums T 4 . 1 55 55 55 Am Tel A Tel 9 . 41 160% 159 159% - % VnTebirB.il. 3 73% 72% 73 'Am Tob of 8... 10 157% 157% 157% Am Viscose 2 3 51% 51% 51% tAm Viscose pf5 50 119 119 119 Am Wster Wks 12 15% 15% 15% AmWat Wks pf6 1 102% 102% 102% Am Wool 6’.al-- 28 40% 39% 40 + % Am Wool Pf 4 1 86 86 86 Anaconc Cop 2g 19 34 33% 34 + % tAnWire&COVag 150 55 54% 54%+% Anchor HGlslg 2 41% 40% 40%-% Archer-Dan 34g 8 35% 34% 35% + % Armour & Co 24 13% 13% 13% ! > Armr pf 68>4k 20 182% 182% 182% +%j ArmsCork 1.20g 4 46 45% 45% - % ArtloomCp .60a 2 13 12% 12% - % Asad Dry G 1.60 9 15 14% 15 +% f Asso DG 1st 6 50 115 115 115 -2 'Asso DG 2nd 7 210 116% 115 116% +1% As Invest n 1 ROx 1 33% 33% 33%+ 1 Atch T & S F 6 10 83% 82% 82% -1% Atch T&SF Pi 6 1 102% 102% 102% + % A T F Inc %a 1 13V. 13% 13% + % Atl Refining 1% 4 35% 34% 34% + % 'Atl Reflrg pf 4 190 111% 110% 111% + % fAtl Ref uIB3% 1 104 104 104 Atlas CO’T) 1.80 3 22% 22% 22%+ % ♦AtlasFwdr 3 Vag 1 66% 66% 66% - % Austin Nichols 3 7 6% 7 + % Auto Canteen 1. 3 21% 21% 21% — % AvcoMfs.lO* 12 5% 5 5%+ % Avro Mfg Df 2% 1 41 41 41 - % BALD LOCO Vag » 17% 17 17% + % Balt A Ohio 16 13% 13% 13% Balto & Ohio Pf « 18% 18% 18% + % BangorA-Arn'tk 6 13% 13 13 — % Barker Br 134g 5 25% 24 25%+1% Barnsdali Oi! la 28 28% 28% 28% - % Bath Ir W 134g 9 13% 13% 13% Bayuk Cigar %g 1 20% 20% 20% Beatrice Fds 2a x 1 46% 46% 46% + % (Beck Sh pf 4% 10 106% 106% 106% + % Beech Aircraft 1 8% 8% 8% + % Beech-NPacl 40 3 31% 31% 31% + Vs Belding-Hem 1. 1 15 15 15 + Vi Bell Aircraft _ 1 13% 13% 13% + % Bendix Avlat 2 2 30% 50% 30% + % Bendix H A 1 1 sg 6 19 18% 19 + % Benef Ind 1.20a 2 24% 24% 24%-% Eest & Co 2a 1 27% 27% 27% - % BestFoods 3,20a 7 25% 25 25% + % Beth 8teel 6 13 87% 86% 87% +1% Bigelow-San ,"g 1 53 53 53 Blasv-Knox 60g 6 14% 14% 14% + % Bliss ILVe. 1 14% 14% 14% + % BUSS E Wig.._ 3 27% 27% 27% Boeing Air 1g 10 20 19% 19% — % Bohn Alum&B 2 4 -5% 35 35% — % Bon Amt B 2Va. 1 53 53 53 Bond Stores 2 . 11 27% 27% 27% BordenC l.ROg 3 43% 43% 43%+ % Borg-Warn 2.60 16 48 47% 47% + % Braniff Airw 4 8% 8% 8% + % Bridgpt Br ,90g 1 13% 13% 13% + % Briggs Mfg 2 5 33% 32% 32% - % Bristol-My lVig 2 35% 35% 35%-% Bucy-Erie .96g xl8 17% 17% 17%+% Budd Co 18 10% 10% 10% Burling Mills la 3 18% 18% 18% + % Burr Ad M .80 34 13% 13 13 - % Bush Term SS* 1 6% -6% 6% - % tBushTBldgPfok 30 79% 79% 79%+ % Butler Bro 65g. 3 14% 14% 14% Byers A M %g 1 17% 47% 17'+ + % * Byers A M of 7 10 101% 101% 101% - % CAl. PACK 1 %_ 2 31% 31% 31%+% Callahan Zinc 5 2 2 2 Can Dry GA .60 14 15% 15 15% Canad Pacl Vsg 70 11% 11% 11% + % Cannon Mills 5g 1 74 74 74 'Caro C & O 5 1 LIB 118 118 +1 Caro P&L 11 i« 2 34% 34% 34% + % Carpenters 2>/ag 1 42% 42% 42%+ % Carrier Corn 9 17 16% 17 + % tease J I pf 7 x20 153 153 153 + % Caterolllr Tr 3 2 54% 54 54 - % CelaneseCp .90* 33 25% 24% 25 + % tCelanese of 7 30 144% 144 144% +1 Ce'.anese 1st 4% 3 106% 106% 106% - % Celotex Corn 1 5 28 27% 27% + % CentAauirre 1% 3 18% 18% 18% — % Cent Foundry 4 9% 9% 9% + % Cen HG&E .39* 2 8% 8% 8% tCent 111 L pf4V> 20 112% 112% 112% - % Cerro de Pss 2. 9 29% 29% 29% Cert-teed .45* . 4 16% 16% 16% + % Champ PAF la 1 23% 73% 23%+% tciiamp P pI4V, 20 109% 109% 109% Ches & Ohio 3a 7 45% 45% 45% + % C&OpfCH.... 1 100 100 100 + % Chi Corp .40 __ 34 7% 7% 7% Chi & East 111.. 3 5% 5% 3% + % Chi * E 111 A 1 9% 9% 9% + % Chi Grt West pi 5 11% 11% 11%+% Chi M SPAPac . 2 9% 9 9 Ohl&NWle 8 19% 18% 18% ChiANWplSe 2 42 41% 41% - % Chi Pneu T-. Ik 23 30% 29% 30 +2 fChPT$7%pfcld 110 53% 5314 53%-2% Chrysler 3«b 47 57% 57% 57% + % Cin G&E1 1.05* 27 26% 26 26 - % Cin Mill M 1.40 1 21% 21% 21%+% CIT Finance ? 16 44 43% 44 + % City Ice&Fuel 2 x 1 30 30 30 City Invest .45a 1 10 10 10 CleveElecIllun.'! 2 41 41 41 Clev Graph 1.60 1 31 31 31 + % ClImaxMol 1 211 2 17% 17% 17% + % Cluett Pbdy l'.ia 1 40 40 40 -1 Coca Cola 3a 2 182 181% 182 +2 Colaaie-P-P 2a 7 44% 44% 44% Collins A Aik 1 a 1 28% 28% 28% - % Colonial Mills 1. 8 18% 18% 18%+% Col Fuel & Ir 1 _ 5 14% 14% 14% - % • Colo & South 60 14 14 14 + % tColo&So 1 st of 90 13% 13 13%+1 tCol&South 2pf 1 13 13 13 - >4 ColBrdcstA Hi* 1 25% 25% 25%+% ColBrdcstB IV2* 3 25% 25% 25%-% ColGasAi.lec.6u 56 11% 11% 11%+ % Colum Carbn 2 1 37% 37% 37% — % COl &SOE 2.15* 2 42 42 42 + % Cornel Credit 2 1 44% 44% 44% tcoml Cr nf3 60 60 108 107% 107% Coml Solv’(* 8 24'4 23% 24%+ % ComwlfhEd 1.40 8 29% 29% 29% ComtvlASouih 100 3% 3% 3% Com&So pi 12k 2 112% 1121/4 112% + % Conde Nast 1 111 11 11 + % Consoieum-N la 3 29% 29% 29% + % Cons Claar 2 3 30% 30% 30% + % Cons Con .15* . 2 5% 5% 5% - % Cons Edis 1.60. 9 25% 25 25 Cons Edls Pf5 2 106% 106% 106% Cons Nat Gas 2 4 48 47% 47% ConsRRCuba Pf 11 22% 21% 22 Cons Vultee . 18 14% 14% 14% - % ConsumPwl%* 8 36% 36% 36% ConsumP P141- x50 113% 113% 113% + % tContain CP pf4 20 100% 100% 100% - % Cont Bakins 1 x i 14% J4>+ 14% - % Cont Can 1 _ 10 36% 36 36% + % Cont Can pf 3% 3 110 109% 1095+ - % Cont inturnc 2 1 46% 46% 465a + % Cont Motors 8 7% 7% 7% ContOll Del l%t 9 44*+ 43% 44%+ % Cont Steel 34g 2 15 14% 15 + % Cooper-Bess >**3 19 19 19 + 5+ CopprwldSti 60 3 14% 14 14 — % Corn Prod 2 V*E 8 63% 63 63%+% cornell-D E 80 2 145+ 14% 14% + % CorningGlass *i 3 24 235+ 24 + % tCorn Gls pf3% 150 104 103% 104 +% Coty Inc .’IOs - 2 5% 5% 5% Crane Col.BO 4 32% 325+ 32%+ % fCrane Co pf35i 2 105% 105% 105% — % Crm ol Wh 1 Bn 3 24 2354 235+ - % CrownCk S"pf2 1 50% 50*+ 50% + % CrownZell 1.70s x 8 3 1 305+ 30%+ % Cub-Am Sug 2 4 165* 16% 16’* + % Cudahy P 1.60a 8 51 50 51 +2% Cuneo Press 34g 1 17% 17% 17% + % Cunning D25+* 3 55% 55 55% +2% Curtis Publish 13 10 9% 9% + 5+ Curtis P ornf 3a 1 61 61 61 +1 Curt-Wright 5ie 18 5% 5% 5% Curt-Wr!sht.» 2 11 18% 18 185+ + % Cutlr-Hm i -:0a 2 26% 26% 26% + % DANACORP -- 6 22% 22% 22% Davison Chem l 1 21 21 21 + % DaytnPAL 1.35* 8 31% 30% 30% DaytonRub .90* 6 13 13 13 Decca Records 1 6 12% 12% 12% — % Deere At Co 5*g 14 38% 37% 38% + % Del Si Hudson 4 1 59% 39% 39% Del Lack it Wn 5 75* 7% 7% - % Den A R G W ct 6 10% 10 10% + % C&Ii G W of ct. 5 35% 35 35%+1 Det Edis 1.20b 9 23% 23% 23% - % Det Stl Coro 1 a 1 22% 22% 225+ Dia Match 15+a 1 39% 39% 39%-% Oist CD-Sea 6U 10 14% 14 14 + 1 • Dixie Cup 51* . 10 40 39% 40 + % Dome Mine 77* 12 20 195+ 20 DouelasAir 7*+e 6 60 60 60 +1% Dow Chem ish . 15 36% 36% 36% tDow Chem pf 4 1 112% 1125* 1125* - % Dow Ch 2 pf 35* 8 103% 102% 102% - % Dresser Indus* 2 18 17% 18 + % DuPont de N 6* 1 188 188 188 — % Du Pont pf 45+ 1 128 128 128 — % DuPont3*+pf3*+ 4 107 106% 106% tDua Light pf 5 30 112 112 112 — % EAST AIR L >* - * 1« 135* 18 + % East Sts St) V«* 2 19% 19% 19% + % EsAnanKod 1.40 28 43 42% 42% tjLn Hit 3_ 2 49 48% 49 B S&lcs— Stock and Add Net I Dividend Rate. 00. High. Low. 2:30. chge. :Bco prod 1.20 8 16 15?% 16 — % Elastic Stop Nut 1 5% 5% 5J% — % Elec auto-L!te a 2 52>% 52% 52% + >.4 Elec Boat »ig . 2 13 13 13 + % El * Music 09g 2 214 214 2% + % •3 Power * t.t 8 16% 16% 16% El P&L S6 Df Ok 1 148% 148% 148% - % El StoraeeBat 3 3 54 54 54 ElginNatW ,60a 2 17 16% 16% - % El Pam NO 2 4 c x 4 56 55% 55%+% EmerEIM.OOg 4 12 11% 11% — %! ciquit Office B • 18 3% 3% 3% + % trie RBI 2 9% 9% 9% + % I Eureka Will %. 1 8*4 8% 8% “vershrp 1,20a 2 14% 14% 14%+ %j FRENKS MOR 2 2 49 49 49 - % Farns Tel&Rad 12 7 6% 7 + % Federat DSt 1 % 2 24% 24% 24% Plrest Tire 3r 4 49% 49 49%+ % Firestone pf 4% 1 105% 105% 105%-1 FlrstNatSt 2Vaa 1 56 56 56 + % Firth Carnet la 2 15% 15% 15% - % Fllntkote lg 2 33% 33% 33%+ % •torioa Pow T 6 15% 15 15 — %. Flor Shoe A 1.00 1 22% 22% 22%-% FollansbStl l'.ig 14 26»/b 26% 26%+ % Pood Fair S.. 4i< 6 10% 10% 10% + % Food Mach 1 Vif 2 75 74 75 - % Francis Sug tig. 17 16% 16% 16%+ % creepori Sul2% 3 40% 40% 4G% Pl-reOanf Tra 1 12 19% 19% 19% + % GABRIEL +5g_ 1 9% 9% 9% + % Gair P.obert 2 8% 8% 8% Gair R Df 1.20. x 1 20 20 20 + % Qard DenTer 1. 1 18% 16% 18% Gar Wood Ind 4 3% 5% 5% Gaylord Cnt 1V, 10 18% 18% 18% - % | tGaylcrdpfcl23< 190 112 110% 110%-10% GenAmlnvl 4% 4 14% 14% 14% + % Gen Am Trans 3 1 55 55 55 + % Gen Bating 80 2 10% 10 10 - Vi Gen Cable V4* 10 11% 11% 11% + % 'GenCable lot 4 10 79% 79% 79%+ % Gen Cigar la.. 2 25% 25% 25% len Elec 1.80— 8 36 35% 36 Gen Poods 2 8 39% 39% 39% - % Gen Foods pf3% 2 102% 102% 102% Gen Instrumt 1. 1 12% 12% 12% Gen Mills 1 Via 1 49 49 49 + % 'Gen Mills o! 6 50 127% 127% 127% + % Gen Motor 2>/4g. 43 57% 57 57%+ % Gen Mot of 6 . 2 127% 127% 127% - % Gen Mot nf 3%. 5 107 106% 106% - % Gen Out Advt 1. 3 16 15% 15% + % Gen Precis Eo 1 1 17 17 17 — % Gen Pub lit .80 12 13% 13% 13% + % Gen Ry Signal 1 2 25% 25% 25% - % ien Real * DtU 5 4% 4% 4% - % Gen Shoe 2% 1 30% 30% 30% + % tGenStlCpfl'/sk 20 109% 109% 109% + % Gen Teleph 2 x 2 30% 30% 30% GenTimeln 1.80 2 24% 24% 24% tGenTime pf4'/4 10 103 103 103 + % GenTire&Rla 1 23% 23% 23%-% Gillette S R 2% 2 26% 26% 26% - % Gimfcel Bros 2b 11 22% 22% 22% - % Glldden Co 2.40 2 44 44 44 + % GoebelBrew "Ha 8 6% 6% 6»/e Goodrich B F3gx 5 52% 51% 52%+1 ! Goodrich pf 5 x 2 103 103 103 + % i GOOdyearT&R * 8 44% 44% 44% Goodyear pf b . 1 106% 106% 106% I Granam-Palge 4 3% 3% 3% + % GranbyCon 30g 16 6 6 Granite CStl 4 19% 19 19%+ Vi Grant (WT) la. 8 30% 30 30% + % Gt Nor Rr pf 3 7 39% 39% 39% + % GreenT&D 1.70 2 16% 16% 16% - % Greyhound '<h 17 9% 9% 9% + % GruAirEnn 1‘ag 8 26% 26% 26%+% GsantanSug 1 g 7 6% 6% 6% + % Gulf Mob&Obro 5 12 11% 11% - % Gulf Oil 1 a 5 66% 66 66%+% Gulf Sta Util .. 12 15% 15% 15% HAM WTCH 34S 1 15% 15% 15% tHanna pf 4% 50 107% 107% 107% Harb-Walk lV4g 2 24 23% 24 +% HartSAM 1.80g 2 30% 30% 30% Hayes Jndust .. 3 7% 7% 7% — % Haves Mfg Co 16 6% 6% 6% + % tHecht Co Pf3% 20 100% 100% 100% + % Heins i.80 . 3 39% 39% 39% tHelme GW nf 7 10 148% 148% 148% + % Hercul Mot 3.g 2 18% 18% 18%+ % Hercul Pdrl.Oftg 2 51% 50% 51%+1% Hershey Cho 3a 3 109 107% 108 - % fHersh C7 of 4a 90 132V, 131% 131% -1 Hilton Hotel 1 1 11% 11% 11%+% Holland Purn lsx 2 24 23% 24 + % Holly Sug 1 1 19 19 19 Homestake li'jg 9 44% 44% 44%+ % Houd-Hersh lag 10 16% 16 16 + % I Hshold Pin 1.8U 1 32% 32% 32% I 'Housphld of33.« 310 104% 104 104 - % Houston L&P 2 2 42% 42% 42% + % l Houston Oil Vat 3 22% 22 22%+*% Hudson & Man 8 3% 3% 3% - % Hud Bay M 2'ig 7 34% 34% 34%+% ! Hudson Mot .40 12 16% 16% 16% + % I ■".ion corn _ 6 4% 4% 4% — % i I ILL CENTRAL 23 26 25% 25% + % I Indust Ray I’ig 3 41 40% 40% - % I Inland Stl 1.40g 18 35% 34% 35% +1% Insnira Cop l>/4« 1 15% 15% 15% + % tlntcrch of 4’/i 10 107% 107% 107% - % InterconRub >/4* 1 3% 3% 3% Inter Iron ,60g_ 12 12% 12% 12%-% Int Harvester 4. 25 81% Bl 81 — Vs tint Hary nf 7.. 10 184 184 184 Int Hydro El A. 6 6% 6% 6% Int MACh 1.80 1 27% 27% 27%-% tnt Minin*_ 2 4 4 4 tnt Nickel 1 80 19 28% 28% 28% + V. ! tint Nickel pf 7 10 133% 133% 133% - % lot Paper .3 __ 30 48 47% 47% + % Int Paper pf 4 .. 2 107 106% 106% + % I int Ry Cen am 3 13% 13 13 tlntRCA pf8!,k 10 111% 111% 111% +1% I ( Int Shoe 2.4ft . 11 42% 42% 42% Int Silver 41 55 55 55 ! int Tel & Tei . 30 10% 10% 10% + % 1 Int T&T for ct 7 10% 103/. 10% - % IslandCrkC 1%* 2 49 48% 49 +1% ' JACOBS PL 3 8 6 8 1 t JerCntP&L pf4 1 99% 99% 99% - % i ♦Jewel T pi 3% . 20 104 104 104 Johns-Man ,0Oh 20 41 39% 40 - % ! Johnson & J .20 1 27% 27% 27% + % ! t Johnson*J pf4 10 109 109 109 Jones *L Stl 3 13 31% 31% 31%+ V. 1 Joy Manf 1.20a 7 35% 34% 35%+% tjffCP&L pf 3.80 1 107 106% 107 + i/i I Kan City South. 3 22 21% 22 + % : Kayser J lV«g _ 1 16% 16% 16%+ % 1 Kelsey-H B %g 1 18% 18% 18% + % Kennecott 2%*. 15 44% 433* 44 + % Keystone 8 2a 1 43% 43% 43%+ % 'Kimb-Clrk Df 4x10 110 110 110 +1% Koppers Co 1 00 9 34% 34 34%+ % \ Kresge SS 1 %€. 6 37 36% 37 + % ! Kress IS H)2g. 1 48»* 483* 48% K’-oeer Co 2+ n 3 46 45% 45% - % ! LACLEDE G .20 6 6 5% 6 + % 1 Lane Bryant 1 1 11% 11% 11% LeesJms*S 1.40 2 24% 24% 243*+ 1* Lehieh C * N 1 2 10% 10% 10% + % ! LehFortCem IV. 6 34 34 34 Leh Valley Coal 46 2% 2 2% + % Leh Valley RR 5 5% 53* 5% + % Lehman Cp 4V«* 1 45% 45% 45%+ % ■ Lehn & Pink _ 2 12% 12% 12% Lerrer Strs 1V. 1 193* 19% 19%-% Lihbt Glass 2 _ 2 51 50% 50% + % Lib McNA’L %g 15 8% 8% 8V. Life Saver 1.1 Og 7 34% 34% 34% Liggett & Myr 4 1 88 88 88 + % ■ Lima Locom 2a. 1 51 51 51 — % i Link-Belt 3_ 1 53% 53% 53%+ % - Lion Oil _ 11 253* 25 25V. + % Lti uld Carbn 1 2 22% 22% 22% LiquldCar nI3V. 1 98% 98% 98%-1% Lockheed Aire 20 14% 13% 14 i Loew’*Inel% xlO 20% 19% 19%+ % ] Lone StarC 3%a 4 66% 66 66 +1 Long-Bell L.45k 1 20 * 20% 20% Lorrllard Prod 1 7 18'* 17% 18% + % i LoulsviLfeN 3 52 5 441* 44 44 ] Lowenstein 1 %a 1 23 23 23 + % . MACK TR 3'Ag x 1 53'* 53% 5Ji* + % Macy R H 2a 4 36 36 36 + •* J Mad-Sq Gar 1 . 1 13% 13% 13% , Magma Cop %g. 6 20% 19’* 20%+ % Maracaibo 07« 2 4% 4% 4% + % Marathon Cro l 2 23 22% 22>* - % , Marine Midi %* 6 7 7 7 + % i Varshll Fid 2a. 3 27% 27% 27% - >/« 1 Martin GL _ 8 161* 16% 16’*+ % • Masonite Cp la. 4 50 50 50 J Master El 2.40.. 2 21% 21% 21>* 1 Mathles Aik lg 2 31% 31% 31% . tMathieson pf 7 80 188 IBB 188 - % J May Dent Stra 3 3 405* 40% 40% - % } 'May Dept pf3% 10 101% 101% 101% ' tMaytag 1st nffl 10 111 111 111 +% ' McCrory 1.40a. 2 29 29 29 + % i McIntyre 2.01a 5 53% 53% 53% J MrKess&R 2 4ft 7 34% 34 34 - % Mead Crp l.OSg 6 20 19% 20 + % 'Mead Cp pf 4]* 40 95 95 95 Melville Sh 1 80 3 24% 24 24% + % . Mengel Co la .. 1 16% 16% 16’* •lercant Strs 1 2 14% 14% 14%+% Miami Cop lV«g 4 16% 16% 16%+% . Mid-ConPetl v.» 9 41% 41% 41% + % Midland Stl P 2 2 38% 37% 38V. +1 'Mid Steel 1 nf S 30 140 140 140 ~UA . Minn-H Rg lla* ® 54*4 54 54 Mlnn-Moltne 4 10*4 10*4 10'++ *4! . MSPtSSMAll 1 10 10 10 + 1+ ■ Min Ma&te 1 40 4 58*4 58 58 , Mission Crp *4* 4 40 39'+ 40 + ‘4 1 Mo-Kan-Texas 8 5*» 5'+ 5*4 . Mo-Knn-Tex of 6 17*4 17*4 17*» + 1+ , Moiud Hos OOg 1 9*4 9V4 9*4 + *4 , .Monsanto Cn 2 21 58*4 58 58*4+ *4 ( Monsanto pf 3Y« 2 117 117 117 ( Monta Ward 2a 10 58'4 58 58 1 Moora-McC L 2 30 29’4 29‘4 29*4+ *4 , MooreMcLpflti 3 59*4 59*4 59*4+1*4 ( Motor Prod lg.. 13 20*4 20*4 20*4 + *4 1 Motorola ,60g ... 1 11*4 11*4 11*4 t Motor Vvhl I 20 2 20*4 20*4 20*4+ *4 1 Muel Brass .90h 1 18*4 18*4 18*4 1 Mullins Mfg *ig 7 22*4 21*4 22*4 + *4 1 Munstngwearlve 1 11*4 11*4 11*4 1 MurohyGC l*4a 1 37*4 37*4 3714 + *4 , Murray Corp Va* 2 12*4 12*4 12'4 1 NASH-KEL 34*_ 9 16*4 16 16*4 + *4 < Nat Acme 2 1 25*4 25*4 25*4 - ‘4 ’ Nat Airlines 6 12*4 12*4 12*4 + *4 1 NatAvlatlon V>g 4 13 12*4 12*4 — *4 1 Nat Biscuit 1*4« 6 30*4 30*4 30*4 -1 *4 ' Nat Can __ 1 9*4 9*4 9*4 Nat Cash R 1*4* 1 37*4 37'/. 3714 + *4 1 Nat City Lines 1 8 9*4 9 9*4 t NatContain 1.20 32 13*4 13*4 13*4 - *4 1 Nat CTln Gas.80 16 13*4 U‘4 13*4+ *4 Nat Dairy 1.80 12 31*4 30*4 31 ' Nat Dent Stria 3 15*4 15*4 15‘4 1 Nat Distillers 2. 13 20*4 20*4 20*4+ ‘4 1 Nat En & 8 3g - 2 40 40 40 1 Nat Gypun V**- 12 19*4 19*4 19*4 +*4 1 Nat Lead Vaa 2 33 32*4 33 +*4 1 rNat Ld Df A 7 10 189*4 189*4 18914 < NatMalAStl .45* 1 18 18 18 + ‘4 i Nat Pew * L 11 1*4 1 1 — *4 ' Natl Steel 4 ... 2 80'4 80'4 80*4 1 Jat Sunoix 8 18 18 18 1 Nat SUP Pf 4*4 1 99 99 99 - *4 1 r-etTeala 1 26*4 26*4 26*4 - *4 1 Natomas Co tag 2 13 13 13 +*4 1 Nehi Corp 1 5 20 20 20 13 NewberryJJ 1 *4» 2 31 31 Jt ,1 Newot Indust 2 1 25*4 25*4 25*4 + *4 j \ Newpt N S 1*4* * 20 19*4 19*4 - *4 ; t V Crr.fral RP 31 14*4 14*4 14*4 - ‘4 < NY NHA-H pf wi 20 24*4 24*4 24*4 +‘4 1 -N YP&L pf 3.90 10 103‘4 103>4 103*4 | 1 N Y ShlPbld *4* 7 11*4 11*4 11*4 + *4 1 Noblitt Spark 2 1 48*4 48‘4 48*4 - *4 [ 3 Norf * Western 4 59*4 58*4 59V4 + *4 1 No Am Aria le 5 8‘4 8‘4 8‘4tl* ' Nor AmColb.-i 7 24*4 24 24 \ Sales— Stock »nd Add _ Net Dividend Rate. 00. High. Low. 5:30. ehge. NoNatGas 2.20g 1 57% 57% 57%+ % ,'iorth Pacific Ig 22 20% 19% 20% + % Northwest Alrl 5 12% 12% 12% — % NrthwAirpfl.lS 5 20% 20% 20%+ % 'Northw Tel 3 50 36% 33% 33% - % Norw Phar .60 . 2 12% 12% 12% - % OHIO ED l'/jg 1 33% 35% 35% Ohio Oil %a 6 25% 25% 23% + % Oliver Corn Vie 7 21 20% 20%+ % ■ Omnibus pf 8 30 103 103 103 Otis Eleva* ,83g 1 27% 27% 27% - % Owen-IllGl 2V«g 2 71% 71% 71%+ % PAC AM FISH1 g 2 13 13 15 tPac Coast 2 pf 180 41 40% 41 +% PAC GA8&EL 2 9 39% 39% 39% + % Pac Lighting 8 1 55% 35% 33% + % tPac T4tT 1.65g 20 100 99% 100 +1 tPac Tei&T pi 8 20 159 139 159 +1 .’ac Tin Cons... 1 4% 4% 4% Pac West Oil .. 2 39% 39% 39% Packard M 16g 14 4% 4% 4% Pan Am Air . 11 10 9% 9% PanhdEPL 2%g 10 50 49% 50 +1% tPanfi EPL pf 4 x 2 108 108 108 +1 Panhandle P*R 8 6% 6% 6% + % »aramrt Pkr 2. 43 21% 21% 21%+ % Park&TlIford 3 1 38 38 38 +1 Park nun cm 12% 2% 2% + % Parke Davlsl 60 5 38 37% 38 - % Penn-Cent Alrl 1 7 7 7 — % “enn CoalACoke 1* 14% 13 14% +1?* Penn Dixie Cl* 7 17% 17% 17%+% Penn P&L 1.20. « 20% 19% 20 Penn R R %c 24 18% 18% 18% - % Penn Salt 1.20* 1 46% 46% 46% + % ♦Penn Salt pf3?i 10 116% 116% 116% Prpsi-Coia 7oa 28 29% 28% 29%+ % PfeifferBrew la. 1 15% 15% 15%+% Pfla-r C&Co 2a 3 41?* 41% 41% + % PhelDod*e2.40* 16 40% 39% 39% 'Phlla CO ti of 3 2 54% 53% 54?*+1 Phlla Elect 1 20 10 23% 23% 23% - % Phlla El SI pf 1 2 27% 27% 27% - % Phil&RC&IlVa* 20 15 14% 15 + ?e Phllco Corn 1 % 4 27% 27% 27% + % 'Pbllcopf 3%.. 10 96 96 96 Philip Mor 1 Via 10 30 29% 29% + % ♦ PhlIipMpf3 00100 96% 96% 96%-% Phillips Petrol 3 19 57% 57 57% + ?* Plllsbury Mills 2 1 35?* 35% 35%+ % •ltConCoal 1 *0 5 25?* 25% 25% + % ♦Pl»FtWvnepf7 10 170 170 170 -1% Pitts PI Ol 70*. 9 34 33?* 33%+ % Pitt Screw .30*. 1 8% 8% 8% + % Pitt Steel_ . 2 11 11 11 + % ♦Pitts Steel 5 pr 10 74 74 74 - % Pittston Co . 24 30% 29% • 30% + % Pond Creek 1*_. 6 32 30 34 +8 “ressed Stl Car. 1 10% 10% 10% + % Proc&Gam3a_ 3 66 66 66 + % Pub SvcCol 1 85 2 36% 36?* 36% + % Pub SNJ 1.40. 9 22?* 22% 22%+% ♦ PUb SvcNJ n!8 80 145 144 145 +1% ♦Pub SvcNJ PX7 30 127% 126% 127% +1% ♦Pub SvcNJ pfO 80 117?* 117% 117?* + % ♦Pub Svc NJ pft, 30 108% 108% 108% Mibllcktr Ind 7 22?* 22% 22% - % ►Publleker Df4*4 20 95 94% 94% - % Pullman l1/.*... 11 58% 56 56%+ % Pure Oil 1 .. 20 25% 24% 25%+ % RADIO CP 20* 38 8% 8 8 + % ?a-Ktn-0 1 20 40 11 10?* 10?* - % ♦ RRSec 111 C stk 40 21% 21% 21?*-% ♦Rais Pur pf3?i 120 104% 104 104% + % Rayonier Ineti* 3 25% 25% 25% Rayonier nf 2. a 3 37% 37% 37% + % Reading Col.. 1 19% 19% 19%+% Reeves Bros 1 . 4 13?* 13% 13% DaSjrn Ufr 1 9 111* 111* 111* Rem-Rand %h 5 14% 14% 14% + % Reo Motors 2% 2 29% 29 29%+% ReD Aviation 42 8 7% 7% Renublla Picture 8 4% 4% 4% ReDUb Steel Is 18 26 25% 25% + % Revere Copr »ig 3 19% 19% 19% ►Rev Cop pf 5Vi 60 100% 100 100 -1 Rexall Drug - . 12 7% 7% 7% + % Ftyn Tob 1.15g 30 49% 49% 49%-% Reyn T B 1.15g . 10 40 39% 40 + % leynTob pf3 80 3 103 102% 103 + % RoyalTanellSc 1 20 20 20 + % Ruppert (J> 1 _ 1 20% 20% 20% + % SAFEWAY ST 1 3 22% 22% 22% + % St Joseph Ld 2s. 2 44% 44 44 St L Ssn Frsn 6 8% 8% 8% - % 31 L SanPran pf 16 30 29% 29%+1% St Regis Paper 17 9% 9% 9% + % ichenley Dlatl 3 10 28% 28% 28% + % *eab Air L R R 1 15% 15% 13% + % SeabAlrL pflVig 1 45% 45% 45%+1% , Seaboard Oil 1 1 30 30 30 + % Sears Itoebc* la 39 37% 36% 36% - % SeegerRef 20g 1 11% 11% 11%+% Selberling Rub . 3 8% 8% 8% + % Serve] Inc 30e 6 11% 11% 11%+ % Sharon Steel 2x 4 34% 34 34 +1 SharpeAD pf3Vj 1 77% 77% 77% + % Shell Dn Oil Rig 5 29% 29% 29% + >/. Silver King Col 1 4% 4% 4% - % Sin-.dsSAS2.10g. 1 44 44 44 + % ■im-lalr Oil 1 20 15% 15% 13% , Sloss-Sh Stl %* 1 18 18 19 I SmithASonl.40a 1 33% 33% 33% Socony-Vac SO 35 16 15% 15% — % Sou AG&P .20g. 23 4% 4 4% + % SO Caro E&G % 2 6% 6% 6% - % 1 So P RlraSU* 4a 1 44% 44% 44% + % ' SoeastGrey 1.00 3 19% 19% 19%+ % SouNatGas 17ib 1 23% 23V* 23%+ % Soutnern Pac 4. 10 43 42% 42% — % ; Southern Ry 3 7 37% 37% 37% + % SpaldlncABro 1. 1 17% 17% 17% sparks Withlna. 4 5% 5 5 Spear & Co Vie. 1 8% 8% 8% + % Spenc Kel 1.60a 3 25 24% 25 + % Sperry Corp Rig *9 20% 20% 20%+ % Spiegel Ins . 15 11% 11% 11%-% Spiegel nf 47+. 30 75 74% 75 +% Ipuare D .OOg _ 3 16V* 16% 167* Stand Brands 2 4 29% 29% 29% — % stdBrands pf3% 1 101 101 101 + % ltd G S/P El 54 of 15 267* 25% 26 + % ltd C.s&El S6or 1 91% 91% 91% +1% itdOil Cal 2.35g 20 58% 58% 58% + % ltd Oil Ind 17*a 26 39% 38% 39 + 7* It1 Oil Nllt 34 74 73% 73% - % ltd OilOhlo 1 % 5 30 29% 30 + % ltd Oil Oh pf3Ri 1 104% 104% 104% + % Hand StlSp 7ie 7 13% 12% 13 ItdStlSorng Pf2 1 44 44 44 iterchl Bros 1 . 1 13% 13% 13%+ V* Sterling Drug 2. 3 37% 37% 37% - % Itevena JP2... 2 32% 327* 32%+ % ItewartWmVia 3 15% 14% 14% + % Itokely.-Van C 1 10 20% 20% 20% - % Itokley-VC pf 1 3 20% 20 20% Itone&Web 1 v*a 6 13% 13% 13% + % Studebakar %g. 17 20% 20% 20% + % lunCbem 80 3 11% 11% 11%+ % c Sun Chm pf4 74 20 105% 105% 105% lunray Oil Vig 18 11% 11% 11% Sunshine M 40 6 9% 9% 9% + % Superheater 1 a. 6 19% 19 19 SUP Oil Cal I* . _ 2 108% 108 108% + % Sutherland 1 *,* 1 39% 39% 39% -1% .wiftACo 1/Kia 12 33% 33% 33%+% "•ift Inti 1 8" 7 22% 22% 22% + % lylvn Elec 1.05* 3 21% 21% 21%+% symlns-Gld 3 6% 6% 6% + % :.nn Coro 1 a . 2 16% 16% 16% + % ! >»s Co 2l 22 59% 59 59% - % 'exGulfFrod !/a* 4 15% 15% 15% ex Gulf Sul 2a ) 53% 53% 53%+ % 1 'ex Paa CIO 1 2 33% 33% 33% + % "exPacLTr .40* 28 26% 26% 26% + % I "hatcher 80b 2 14 14 14 Thomp Pr pf 4 60 100 100 100 "Ids. Wat Oil la 12 20% 20 20%+% 1 Tld.Wat pf.3% 10 106% 106% 106% - % , "imk-D Axl %* 2 16% 16% 16% - % ; rnsamerica %a 6 11% 11% 11% + % ! "ran* A W Air— 2 15% 15 15 — % "rl-Cnt Co .30a 9 6% 6% 6% + % ! Trl-Contl pf 8. 20 106 106 106 - >4 1 ruax-Tr 1.40a 1 22% 22% 22% - % ‘ nth C-Pox 3a 24 25% 25 25% OthCn-P Dr4‘/i 1101 101 101 TwinCIty Dr2% 1 39% 39% 39% + % ; ■win Coach ... 3 13% 13% 13%+ % t tnderwood ?V*t 1° 48% 48 48 — % J InAsb&Rub 70 2 10% 10% 10% < Inlon Bax 2a . 4 33 32*4 32% - % , fnlonCarb 3%« 12 102% 101% 101% + % , Un El Mo pf3% «0 101 101 101 - % c nlon Oil Cal 1. 5 22% 22 22 - % nlon Pacific 6. 4 136 135% 136 n Pacific pf 4. 2 106 106 106 n Tank Car 2a 1 34% 34% 34% nit Air Lines . 6 19 18% 18% - % s nit AlrLpf 4% 1 105% 103'/. 105% + % c ltd Aircraft 1 32 21% 21% 21% J init Biscuit V.h 3 19 19 19 + % , Ito Car P 1.20a 1 29 29 29 + % nit Ciaar Whal 8 5% 5% 5% + % 1 CtdClg-Wpf3V4 20 62% 62% 62% ltd Corn . _ 12 3 2% 3 + % I inlt Corn pf 8 . 6 46% 45% 46% — % Hd Elea Coal 1. 1 15% 15% 15% Inited Fruit 2a 18 56% 55% 56%+1 1 Init G I .65* 1 20% 20% 20% + % j inltMAMla 17 15 14% 13 +% ItPaperbrdlV.* 2 15% 15% 15%+ % ( JSAPSec 1.30. 11 19% 19% 19%+ % 1 TJSA PrS pf4% 20 106 106 106 +1 1 ! S Gypsum 2a. 5 98% 98 98% , . es TT.A ae. .k m. 1<1+ 1 Rti. 1 RU _ U I 1 18 Leather 4 6*4 6*4 6*4 JS Leath A 2*,it 1 34 34 34 18 Lines 2 10 19 16*4 19 + Vi IS Plpe&Fyl 60 i 40*i 40 40*4 + Vi I S Plywood .80 1 29*4 29V4 29V* + Vi I 8 Rubber 4a 11 42*4 42 42 - Vi IS Rubber lof8 1 147V4 147*4 »47*4 - *4 18 Smelt pi 3*4 2 73 75 75 +1 I S steel 4 44 6914 68*4 ft8'4 + >4 I 8 Tobac 1.20 3 19*4 19*4 19*4 rtd Stockyd Vie 4 7*4 7*4 7*4 rtPtrs2d pf.56* * 9*4 9 9 - *4 i ltd Wallpap Via 5 7*4 7V4 7V4 rniv-es ,90a -- * 17*4 17*4 17*4+ *41 Inir Lab 2 6*4 6V* 6V4 + *4| UnlvLeafTcbVa 1102 101*4 101*4 + V41 Inn Pictures 2 8 16*4 1554 16 | Unlv Pic pf 4*i 20 71*4 71*4 71*4-1*4 I AN NORM *4a 4 15*4 15*4 15*4 | ert-Cam Su 2a 4 13*4 13*4 1354 + Vi | < rie ChWXs 1.60 1 *7 47 47 +1 ’ VictorCh Pf3*i 10102 102 102 rirg Elec A Pwr. 36 16 1554 16 + *4C Va E A P pf S 50 116*4 118*4 118*4 - *4 t ’lsklnaCrp 1.60 1 33 33 33 c Paldorf la 1 1554 1554 1554 + % } Paltreen 1.60a. 2 31*4 31*4 31*4+ *4 ; Walgreen nf 4. 10 106*4 106V4 106V4 - >4 ; Palkar HI 1.20- 2 20 1954 1954 Palworth V«a . « 9V4 9V4 9*4 + *i ' Pard Bak .46a xl3 12V4 12*4 12*4+ *4 Ward Bk pie *4x40 96*4 96*4 96*4- *4 Parner Bro 1 *4 35 1354 13% 1354+ >4 I Parren Pet 80 2 37 37 37 + *4 \ War Pet pf 3*i. 2 99*4 99*4 *9*4- *4 V Payne Pump 3_ 1 32 32 32 — ‘4 t Pebater Tobac 1 7*4 7*4 7% + *4 t Person Oil 5Via 7 43 43 43 +1 * PestlndSuaJa * 24 24 24 + *4 V Ws PennB pf7 60 116*4 118*4 118*4 + >4 1 PVa Pulp APIs 3 4054 40*4 4054+ ‘4 1 Pestern Air Lin 1 8*4 6*4 6*4 — *4 > 3 PeatAutoSuo 8 2 44*4 44*4 44*4 + *4! 2 Pest Md 2nd Pf * 19U 1854 19 + *4 Pest On Tel A 20 24*4 24 24*4 + *4 l Pest Air Brk la 4 34*4 33*4 33*4+** Pestlna Elec 1 4 27*4 27*4 27*4 Wst El pf A 3*4 20 104% 104% 104% c Peston El l'ia- 2 35% 35*4 35*4 t PestTaco 1.40 1 33 33 33 — *4 J WestTaC Pf3*i 20 98*4 98*4 96*4- *4 S WhALE Pf 5*4 1 100*4 100*4 100*4 „ Pheel Steel 2 6 41*4 41*4 41*4+1 , WbeelStl prpf6 20 *5*4 95% 95*4 - ‘4 r Phite Motor la 1 *5% 25% 25%+ *4 * PhlteSewM pr2 1 33*4 33*4 23 4+ *4 $ Pllcox Oil .10t * 7*4 7% 5*4 + % { Plll»s-0»erland 12 8*4 8*4 8*4 . f Pillys Ot pf *% J 52 51*4 51*4 -V* t Sluggishness Grips Market in Wake of More Active Opening By Victor Eubank Associated Press Financial Writer NEW YORK, Sept. 10.—Buying enthusiasm waned in today’s stock market after an early selective ad vance by steels, aircrafts and as sorted industrials failed to follow1 through. Dealings reverted to sluggishness in the wake of a fairly active open ing. Rails were unable to duplicate the Tuesday runup. While gains of fractions to a point or so persisted near the fourth hour, numerous plvotals edged into the minus col umn. Soaring commodities and living costs again were interpreted as more or less bearish for stocks. Accounts also were trimmed because of the cloudy international situation, the export outlook and doubts regarding the maintenance of current domes tic business levels. Better share performers included united states steel, setnienem, Youngstown Sheet, J. I. Case, Wool worth, Oliver Corp., Douglas Air craft, Standard Gas $4 preferred, Kennecott, Union Carbide, Chicago Pneumatic Tool (on a raised quar terly), Cudahy, Texas Pacific Land Trust, Southern Railway and Great Northern Railway. Pond Creek Pocahontas added about 4 points on a single sale in reflection of a boost ed extra and common payment. Occasional stumblers were Santa Pe, Pennsylvania Railroad, South ern Pacific. Texas Co., General Mo tors, American Telephone, Sears Roebuck, Goodyear, Boeing, Air Re duction, Du Pont, Johns-Manvtlle. United States Gypsum and J. C. Penney. Washington Exchange SALES. Hecht common—25 »t 25. Capital Transit 1st ref 4s—SI. 000 at 10414. Woodward & Lothrop common—5 at 48. PUBLIC UTILITIES. BONDS. Bid. Asked. Am T&T cv db 2s,is 1961 _ 111 112 Cap Transit let ref 4s 1964 1041a IO6V4 Citv & Suburban 5s 1948 101 _ Georgetown Gas Est 5s 1961 125 _ Pot Elec Po 3Vis 1966_105 _ Pot Elec Pow 3*,4» 1977 .. 110 _ Washington Gas 5s 1960. 128 _ MISCELLANEOUS BONDS, rer Rf&W CD 1st 4>,4s 1948 101% 101% PUBLIC UTILITY. STOCKS. Amer Tel & Tel (9) _*160% Capital Transit (2.001_*21 22% UW Steamboat <t4> ... 150 190 Wash Gas Lt com (1.501_ 22% 24</« Wash Gas Lt cum Pf (4.25) 106Vs 107% Wash GarLt cu cv pf (4.50) 107 109 Wash Ry & El com (a27.0O) 650 _ Wash Ry & El pfd (5) _ 120'/a BANKS AND TRUST COMPANIES. Amer Sec & Tr (10) _ 28o 305 3ank of Bethejda (tl.OO). 46 _ Capital (.80) .. .31 _ Com <St Savings new (tlO>- 356 _ Jberty (8) 300 _ Jncoln (*6> _. 330 - national Ssv Tr (8.00) 397 _ ’rir.ce Georges B & Tr (tl) 26 - tlggs (12) .310 - Jnion Trust Co new (1.00). 46 - Washington (6) _ 185 210 Wash loan & Tr (12) . 340 _ FIRE AISU TITLE INSUKANCE. American (t6> _150 — Columbia ( + .30)_ 13*4 15 Bremen a (1.40) 32 Jational Union (.75)- 14 - leal Estate (t6) 190 - MISCELLANEOUS. Carpel Corp. (2.00» *44 47 lafinckel com new (1.50) 19 19*4 larfl 5Vacu cv pf (1.375) 26*4 27*4 larfl 4VaVr cu cv pf (1.125) 23*4 25 iecht Co <t 1.50) 24Va 26Va lecht 334% cu pfd (3.75)-_ 99*4 102 janston Mono (tl.OO) 18 IP1.-a dergenthaler Lino (a 1.50) *55 69 tfaflTyftge & Inv pfd <p.40) 0Va - ’copies Drug St com (tl.OO) *50 - Security 8torage (t6) - 108 - Per Ref & Wh Corp (3) - 50 - Vdwd & Loth com (t2.00) 48 50 Vdwd * Loth pf£M7) 126 *Ex dividends. *tPlus extra or extras, i Paid so far this year, p Paid 1946. Chicago Grain CHICAGO. Sept. 10 OP).—Records were ;oppled azain today on the Board of rrade as news dispatches continued to •mphasize the poor European food situ ition and proposed American efforts to neet it. September corn and September oats ‘stablisheci new all-time peaks, while de erred wheat contracts spurted 10 cents, he daily limit. Soybeans were up 8 :ents, the limit, and at one time lard umoed $2.00 a hundred pounds, the imit for this commodity. , Prices backed down slightly from their >est levels, but still maintained substan ial gains over the preceeding session's :lose. Trading was very active in all bits. Wheat at noon was 03«-83/k higher: han yesterday's finish. September, $~./9Va; orn was 3 to 03« higher. Septem ber. $2,6334. and oats were l*4-3*/4 lighei: September. $1.22*4. Lard was up >0 cents to $1 a hundred pounds. SeP ember. $22.45. and November soybeans vere bid up 8 cents at $3.23*2. It was he fifth consecutive session in whicn his contract has advanced the daily imit. , . . Reports of a possible extra session of Congress to deal with the European dol ar shortage stimulated part of the buy ng. It was also reported tha* the largest bercentage of Marshall plan funds would be spent on foods.______ Chicago Livestock CHICAGO. Sept. 1(1 (/Pi (USDA)—Sala ije hogs. 7.00(i; total. 10.000: active: all ►•eights and sows, 50-75 cents higher; good net choice. 180-260 pounds. 29.00-29.60:1 op. 29.75 for one load; 260-300 pounds., 8.00-29.25: heavier weights extremely carce; good and choice sows. .350 pounds own. 25.00-26.50; 350-400 pounds. 4 00-°5 25; 400-450 pounds. 23.00-24.25.1 Salable cattle, 10.000: total. 10,500: alable calves. 800; total. 800: steer and lelfer market broader; Eastern demand tore dependable; both steeis and heiiers 6-50 cents higher; clearance broad; bulk ood and choice steers and yearlings. 7 50-34.00; most choice steers 32 00 and bove; strictly choice 1,373 averages, 35.25. bese high on crop; choice heifers, 31.30; tost heifers. 26.00-30.00; cows firm, bulls teady to 25 cents lower: vealers firm at 5.50 down; odd head, 26.00; stock cattle ery scarce; most beef cows, 15.00-18.00; ood cows. 18.50-21.00; cutters, 14.00 own: weighty sausage bulls. 18.50-19.25. Salable sheep. 2,000; total, 4,000: very ttle done; most early slaughter lamb bids nd a few sales 50 cents lower; deck or so ood and choice native spring lambs sold 5.00; bulk native lambs held around teady or up to 25.75; no early action on ther classes: two loads medium to good earlings held around 19.50. )ividends Announced NEW YORK, Sept. 10 UP).—Dividends nnounced: Pe- Stock of Pay Rate. riod. record, able. Extra. sland Ck Coal-50c 9-18 10-1 'ond Ck Poc_ - 76c __ 9-18 10-1 Increased. Jhic P Tool _$1 -- 9-19 10-1 sland Ck Coal-$1 — 9-18 10-1 ’ond Ck Poc Co 76c 9-18 10-1 Initial. jion Oil Co new 37Vtc Q 9-30 10-15 Irregular. larber Asphalt-60c __ 9-22 10-1 Western Elec __ 76c __ 9-24 9-o0 Regular. Iricgs Mfg. _-50c_ 9-19 9-30 Jetroit Ed . ---30c 9-20 10-15 lastern SS Lines_2oc Q 9-19 10-1, ■ineiduu oiec wit--• ;v -- » r Coppers Co _ . _40c . 9-20 10-1 afety Car H Az Lt-SI Q 9-16 10-1 Hop Ac Shop - - 15c <3 9-22 10-1 Whi g & L'ke Erie.RyTSc __ 9-21 10-1 road St Inv-18c.. 9-19 10-1 nice (E L) . _25c . 9-1!) 9-10 'ed Bnk & Tr N Y...25c Q 9-10 10-1 nth Ave Bnk N Y... SO <3 9-20 10-1 lorlda Pub Ut_20c <3 9-19 10-1 len Reinsurance_30c 9-19 9-30 it Min Az Chem 40c <3 9-19 9-30 lid Town Rib Az Carb 30c __ 9-19 10-1 tttcr 50c 9-22 10-1 Hern Ac Stern Text 12Vac <3 9-10 10-1 )dd-Lot Dealings PHILADELPHIA, 8ept. 10 </»»).—The Se uritles and Exchange Commission reported oday these transactions by customers with dd-lot dealers or specialists on the New rork Stock Exchange lor September 9: .795 purchases Involving 107,225 shares; .728 sales involving 102.149 shares, in ludlng 59 short sales Involving 2.357 hares. Sales— Stock and Add Net ilvidend Rate. 00. High. Low. 2:30. chge. Wilson&Co .70s. 15 148a 138* 138* + 8* Wilson pi 4V« .. 1 968* 968* 968* -1 Woodward lr 4- 6 608* 598* 598* + 8* woolworth 2a 7 468* 468* 468*+ 8* Worthington 2b 1 5684 5684 568* WrigleyWJra. 7 638* 63 638* -18* ork Coro .30 3 ll1* 128* 128* + 8* UngSheetAcT 4 6 668* 66 668* +18* ENITH RA 1* 4 21 208* 21 + 8* onite Prod Vs* - 1 68* 68* 68* — 8* Hourly Sales on I bo Exchange Today: 1-00 a nr- 150 000 12:00 noon 260 000 1:00 p.m. 360 000 2:u0 p.m. 450 000 tunlt of trading. 10 sharei. "In bang-! uptcy or receivership, or being reorganised l nder the Bankruptcy Act. or securities | ssumed by such companies. Rates of , ividends in the foregoing table are annual \ isbursements based on the last quarterly i r semiannual declaration. Unless other lse noted, special or extra dividends are ; ot Included, x Ex dividend xr Ex rlxhts Also extra or extras, b Plus stock divl- : end. d Cash er stock, e Paid last year, i Payable In stock, g Declared er paid ee: ir this 7ear. h Payable In Canadian' inds. k Accumulated dirldenda paid at eclared this year. f Exports Set New Record Of $5,300,000,000 •y th« Associated Pross Exports of goods and services mounted to a new peacetime record of $5,300,000,000 during the second quarter of this year, the Commerce Department reported. Imports held level at $2,000,000,000 and fell $3,300,000,000 short of cov ering other countries’ debts to the! United States for the period. These countries, the department' pointed out, had to use gifts, loans and relief and sell gold and hold ings of dollar assets to make up the difference. If exports and imports continued at the same rate all year, foreign countries sales to this country would fall more than $13,000,000,000 short 1 of covering the $21,200,000,000 they j would owe. N. Y. Bond Market | (Furnished by the Associated Press.) SELECTED LIST OF ISSUES. WORLD BANK IntBR&D 3s72 100 32 IntBRAD2 *,<57100 12 FOREIGN 2:30 ChileMB 6s61 a 19% Chile 6sJan61 a 20% Colombia 3s 70 47% Kreue&Tol 5s59 1% Netherln 3V< 57 96 Panam 3V«a94at 99% Peru 2nd 8s 81 _ 16% DOMESTIC 2:30 Am TAT 2J,is61111% Am TAT 2 Via 76100% Am TAT 2J/<s82 99% AmTobacco3s8B 104% ATSF aj 4s 95stllS Atl Cl 1st 4s 62 106% A t !CoastL4 Vis64107% BaltAOh 6sG96 38% B A O ct 80 47 B A OPLE 4 s RO 89% Bell Pa 5s 60 C 123% Bost Me 4V2s 70 32 Brk U G 2Vis 78100 Eush T B 6s 60 106 Can Nat 4Vis57 115 Can Pae 4s perol01% Cent Oalst5s45 93% CRRABG 5s 42 44 CAO 4* is 92 136 C&O 3Vis 96 D 104% ChiAE 1 inc 97 34% CMStP4*,is2044 56% Chi Ry 5s 27 .. 82% CRIP 4Vis 52A_ 57% CRIP 4*is 60 . 16% CRIP rl 4s 34 _ 51 ChlAW I 4s 62 105 ConsEd 23,<s’72 102% Cons Ed 3Vis58 102% Cons P 2 Vis 75 104% Del P A L 3s 73 107 DARG3-4S03WI 79% DeniS L Inc 93 70% Erie 4 Vis 2015 65% GenReAUt 4s69 84% Grt Nor 2Vis 61 97 O MAO 2044 B 57% Hud Coal 6s 82a 86% Hud&M rl 5s 57 52% IC 5s 65_ . 103% rntGtNor 6s 62 21% Int G N Ist6s52 56 Int Gt No5s56B . 51% IntH7droE18s44 9 9 Jam FAC 4s 69 79 Kan C Sou 4s75 103% Lautro N ine 75 90% Leh VI 6s2003st 42 LehVal4Vis2003 36% Leh Va! 4s 2003 34% Me Cent 4 Vis 60 72% MetWsSdE14s38 341* M-K-T adl 5s67 61% Mo Pac 6Vis 4H 25% Mo Pac 5s 78 G. 76 Mo Pac 6s 81 I 76% Mo Pac in 4s 70 31% Nat Dairy 2V:.70103 Nat Steel 3s 65 103% NewIniRR4s45 68% N O T M 6s 64 93 NYC rf 6s 2013 78 NYC 4Vis2013A 70% N Y C con 4s 98 66% NY LAW 4s 73 . 69% NYNHAH 6s 48 34% NYNHAH 6s 40 80% N Y N H A H inc 4 Vis 2022 wi 33% NYNHAH4'is67 52 NYNH4s2007wi 67% NYNHAH 4s 56 31% NYNHAH3 Vis54 49% NYOAW inJsm. 4% Nor Pc 5S2047D 101% j Nor P clt 4>is76102% I NorPar 3s 2047 69% [ NoStaPwr2Vi75 101% i PacGAE2V«s 81 101% I PennCtAIrS'isOP 42 Penn PALt 3s75I04% PennRR gn5s68 107% | •ennRR g4V.«R]100% •ennRR 3Vis52 100% •ereMar 3Vis 80104% 3tLSF 4 Vis2022 50V* 3tL6anFrn4s97 83% 3eab in4Vis2016 66% Sea A L 4s 96 101 Shell Dn 2‘4s71 97% Socony-V2,/ts76 99% >oPaciflc4Vis81 92% 3ou Pac 4 Vi a HO 95% 5oPac4VisOr77 98% , rhlrd Ave 6s 60 48 Jn Pac 2V4a 91 96 7a Railwy 3s 95103 Vabash 3V«s 71 96% Vest Dn 6s 60 90% Vise Cent 4s 49 67% N. Y. Curb Market LIST INCLUDES ONLY SELECTED ISSUES j CHANGED FROM PREVIOUS CLOSE. : 2:3i* Alreon Mf* Co IV* AmCP&LB .15* 3V* Am Gas* El lb 37V* Am Superpower 1 Ark Nat Gas A 5V* Atlas Corp w w. 5V* Atlas Ply 2 Vi .... 29V* Barium Steel 4Ve Basic Refret .40 6 V* BrwnP Dist ,80a 20V* Calllte Tung 2V* Carr Con Blgc 1 7V4 Cataltn Am .40a 10V* CenAS W Cp .70 10 Cities Service 34V4 Colts Mfg 134* 33V* ComnA3ou war Vis Comm Wat Svc 1 ConsOEBalt3.BO 71Vi Cons Text 1.15* 12V* Cont Fdy&M Vi 13V* Creole Pet 1.85* 32?* Croft Brew .05e. IV* Crosley Motors. 8 Cub Atl Su* 2a 20V* Dennison A .60* 10V* Diana Stores V2 6V% Domestic Credit 3V* El Bond&Share. UVa Elliott Co _ 22?4 Eureka C Ltd ... 3V* Fairchild E A A 3V* FalstaffBrew la 28V* Pansteel Mtl Vie 16V4 Fedders-Qul*.80 11V* First York Vie.. 2V* Gellman Mf*_ *V4 Gen Finance .20 8V* Gen Plywd .80a 20‘/s General Share. 3V* Giant Yell O M. 5V* Gobel Inc .30* 3?* Joldfleld Con* % Hart Ray Corp. J Haieltine %*... 13% HeclaMlnl ... 10% Humble Oil 2* . 70% Illinois Power 2 29% Int Prod %g 19% Irvin* Air C %*. s Logans Distill 9% LouLend*Ex.80 13% Menasco Mfg 1% MldWestCrp V«b 14% Minin* cp Can . 0% Molybdenum % 3% MonroeLoan .20 2% Mat Bellas .20* 3% NatPressCook 2 32 Mew Jer Zine 2* 00 Niagara Hud Pr 0% Noma Elec %b 13% No Am Lt * Pwr 7% Northrop Aire . 7 . Pan Am Air war % Pantepec Oil .04 9% ’’ennroad >/«*_ * Pepperell 3 a_34% Phillips Pk*.... 12% j Producers Corp. 1% R-K-O opt war. 2% i Raytheon Mf* . 7% RloOrValG .10* 1% Roosevt Ed Vie. 0 Ryan Cons Pet.. 0% Segal Lock .. 2% 3her.-Wms new. 70 tolar Aircraft.. 10% aonotone .10* _ 3% 3td Cap At Seal. 17 Std Pwr * Lt _. 2% rextron Inc Vi*. 12% rri-Contl w w.. 2% ltd Lt&Rys %« 22% i VestVaC&C V.* 14% nates ui umuuiua m me auii cauiut table are annual disbursements based on the last Quarterly or semiannual declar tion. Unless otherwise noted, special or extra dividends are not Included, a Also extra or extras, b Plus stock dividend, d Cash or stock, e Paid last year. f Pay able in stock, t Declared or paid so far this year, n New issue, ww With warrants, k Accumulated dividends' paid or declared this year, h Payable in Canadian funds, xw Without warrants. A leading brass mill announced a price reduction of % a cent a pound on yellow ingots and 1 cent on red ingots. Last week another mill cut1 prices by a cent and 1 cent, ■TSsffffJ This is under no etrcumstonces to be construed os on offering of these shorts for sole, or os on offer to buy, or os * toiicitotion of on offer to buy, ony of such shores. The offer is mode only by meons of the Prospectus. This is published on behoif of only such of the undersigned os ore registered deolers in securities in this Slots. yrw ISSUE September 10, 1947 *100,000 Shares Seaboard Finance Company $2.60 Convertible Preferred Stock (No par value—stated value $50 per share.) •Of these shares, 56,1*4 are initially being offered only by the Companv to its Series A and Series B Cumulative Preferred stockholders pursuant to an Exchange Offer expiring on September 19, 1947. The underwriters have severally agreed, subject to certain conditions, to purchase My of such 56,184 shares not issued pursuant to acceptances of such Exchange Offer. Price $53 per share plus accrued dividends from July 10, 1947 Copies ef the Prospectus may he obtainedfrom such of the stteral underwritert, kmludmg the undersigned, as art registered dealers in securities in this Sum, The First Boston Corporation Van Alstyne, Noel & Co. Johnston, Lemon & Co. H. P. W ood & Co. Crowell, W'eedon & Co. Auchincloss, Parker & Redpath Goodwyn & Olds 4 . dte Compact Door-Closer Now in Mass Production •y 1h« Associated Press STAMFORD, Conn.—A new "hip less” compact door closer, more than a third smaller than convential sur face closers, is now in large-scale production at the Stamford Division of the Yale & Towne Manufacturing Co.. Mark A. Miller, assistant gen eral manager, announced recently. Mr. Miller said the new product contains the most radical changes in surface-door-closer design, con struction and operation in 25 years, and after six years of extensive and exacting consumer tests is ready for national distribution. Many Cars Old One-third of all passenger auto mobiles registered in the United States in 1946 were at least 10 years old. Warriors Wore Roses Use of the rose ornament on a shield was a privilege granted to their greatest warriors by the Roman emperors. New York Cotton N*W YORK. Sept. 10 i/*0.—Cotton fu tures were strons today. with tradme ac tive. Textile mills and commission houses were buyers, with New Orleans dealers also supporting the market. L/csuiic aw nniiira movemrm OI new crop cotton in the South, hedging pres-1 sure remained light. There »l»o was * j teneral reluctance to sell cotton in view' ol the strength oi other markets. The spot cotton market was firm. Late afternoon p rlees were 85 cents to 83.00 s bale higher than the previous Most. October. 31.53; December, 31.15. ind March. 31.09. Foreign Exchange NEW YORK. 8ept. 10 —Foreign ex :hange rates follow (Great Britain in dol ars. others in cents): i Canadian dollar in New York open mar- I cet 9V» per cent discount or 90.12V* U. 8. :ents. unchanged. Europe: Great Britain #4.0211. up of i cent: France (franc) .84V» of a cent, mchanged; Sweden (krona) 27.85. un changed; Switzerland (franc) (eom'l) 2.3.40. unchanged. Latin America; Argentina free 24.85. up 01 of a cent: Brasil free 5.50. unchanged; Mexico 20.62. unchanged. New York Produce NEW *YCIUC. Ser>(. 10 —Buttor. HO.863 pcunds: firm. Wholesale prices >n bulk cartons. Creamery, higher than >2 score and premium marks (AA). 85Va :ents; 92 score (A* 8.3: 90 score (B». 7 7Vi: 89 score (C), 74,a. (New tube lsually command Vi cent a pound over he bulk carton price.) Cheese. 499,099 pounds: M^ady; prices mchanged. British steel production in August vas at an annual rate of 12,178,000 ,ons compared with 11.007,000 tons n July and 11.747,000 tons in Au-1 just, 1946.—British Iron and Steel’ Federation. Market Averages STOCKS. 30 15 IS SO . Indst. Ralls. Util. Stks. Net change_ —.1 unc. unc. unc. Noon today_80.0 .33.« 42.5 S4 0 Prev. day- 89.8 33.8 42.5 64.0 Week ago_ 92.1 34.4 43.0 85.4 Month ago_ 92.5 34 0 42 6 65.4 Year ago- 86 8 36.4 44 9 84 1 1947 high_ 96.9 38.5 47 2 69 0 1947 low_ 83.2 27.7 40.6 58. S BONDS. 20 10 10 10 10 Low Rails. Indst. Util. Pm. Yield Net change unc. —.1 unc. —.2 —.1 [Noon today 93.fi 103.1 104.7 69 9 114 1 'Prev. d.-.y ._ 93.6 103.2 104.7 70 1 114.2 Week a:o _ 94.1 103.3 104.9 70.7 114 5 Month ago. 94 4 103.5 105.3 70.9 114.8 Year aso . 96.8 102.9 106.5 76.1 116.4 1947 high 97.1 104.2 105,7 76 6 116 6 1947 low 89.8 103.2 104.0 70 1 U4.| (Compiled by tne Associated Press * We welcome . . . your SAVINGS I accounts INSURED u» »• $5,000.00 by tbs FEDERAL SAVINGS •nd LOAN INSURANCE CORF. CHEVY PHASE BUILDING & LOAN ASSOCIATION 4940 Wisconsin An*. Cktvy Chase, Mi. Wl. 24U # STOCK DIGEST 1 INDICATING CAPITALIZATION— | EARNINGS—DIVIDENDS or AC- I TIVE LISTED STOCKS. Alio Price Range 1929-1947 8 Copy 09» Meanest ROBERT C. JONES & CO. * I Members—New York Stock Exckante I 613 15th St. N.W. Telephone ME. 2922 No word magic is needed to portray our service to the com munity. Thousands of home owning, thrifty citisens voice that contribution. “ ' y;3 >. Equitable Co-operative Building Association ORGANIZED 1879 915 F STREET -TT/T you hove idle ^1 funds for invest ^ ment we offer a limited number of de sirable first trust notes secured on income pro ducing or owner occu pied improved properties in Washington, nearby Maryland or Virginia. These notes offer a re turn commensurate with sound investments of this character. B. F. SAUL CO. 925 15th ST. N.W. NA. 2100 Mortgages . . . Property Management . . . fire Insurance