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Bill Now in Congress Held Serious Threat To Private Banking By Edward C. Stone Banker* at the educational con ference of the Virginia Bankers’ Association at Charlottesville were told yesterday of a proposal, now before Congress, for the creation of a new Federal small business lending agency to render a complete banking service to business. Walter B. French, deputy man ager of the American Bankers’ As sociation, in charge of its credit policy commission and small busi ness credit commission, outlined the plan in great detail. Under a bill introduced in the Senate last July, a Federal small business corporation would be created with $125,000,000 capital which would have the power to pro vide funds to any business, either through the guaranteeing of loans or by making loans direct to the borrowers. This bill, if enacted into law, would provide the banks with “pretty tough competition,’’ Mr. French declared. “The bill offers greater opportunities to destroy pri vate banking than did the Recon struction Finance Corp,” he as Producers' Council Meets. The first fall meeting of Washing ton Chapter of the Producers' Council was held this week with Theodore L. Nedford presiding. Plans were laid for the coming year. Other members of the Executive Committee are Shelton E. Reynolds, vice president; George E. Griffith, secretary; C. A. Johnson, treasurer. Committee chairman include Owen Fang, Floyd E. Koontez. H. H. Hayden. I. I. Strasburger, H. J. Schlee and Blair Childs. Rights Expire September 17. Rights given Grifflth-Consumers Co. common stockholders to sub scribe for the new issue of 5,000 shares of preferred stock will ex pire on September 17. Holders of the 20.000 shares of common are being given rights to purchase four shares of the new stock for each common share now owned, the pres ent common stock issue remaining unchanged. The new stock will yield 5 per cent, as it will pay 2’2 per cent per share. *50 par. The *250.000 proceeds from the sale will be added to working capital to meet expansion needs. Rales of the company dealing in coal, fuel oil and building mate rials. have made very rapid strides in recent years. Any unsubscribed preferred stock will be offered the nublie at *52 a share by Mackal <fc Co*. SF.C Approve* Stork Sale. The Washington Railway fz Elec tric Co. has received authority from the Securities and Exchange Com mission to sell its holdings of Capital Transit, Co. stock to W. R. fz E. common stockholders. The stock, consisting of 120.000 shares, will be offered at $20 each on the basis of two shares of Transit for each common share of Railway fz Electric now held. Riggs National will handle the distribution. Bearer warrants will be issued tomorrow and expire October 13. Directors of District Theaters Corp. have declared a Regular quar terly dividend of 20 cents per share, payable October 1 to stockholders of record September 19. 1 I Bank Clearings in 24 leading cities totaled $12,009,805,000 in the week ended September 10 vs. $10,124,835 - 000 in the preceding holiday week, and $11,409,419,000 in the like 1946 week—Dun fz Bradstreet. Freight Loading* in the holiday week ended September 6 totaled 809. 050 cars, a drop of 12.6% from the preceding full week, but 1.8% above a year earlier—Association of Amer ican Railroads. Commercial. Industrial and Farm T__momhflr ho n If C in 1 01 1P 3 Cl - inc cities totaled $12,518,000,000 on September 3. a gain of $112,000,000 from a week earlier and $2,948,000, 000 above a year earlier.—Federal Reserve Board. Crude Oil Production set a new record of 5.173.050 barrels daily in the week ended September 6 vs. 5.156,850 in the previous week and 4.799.950 in the like 1946 week.— American Petroleum Institute. New Corporate Security Offerings in the first half of 1947 totaled *2.fWO.OOO.OOO. a drop of around $650,000,000 from the last half of 1946 and around $500,000,000 below the first, 1946 half—Securities Exchange Commission. Electric Utility Earnings of the larger privately-owned systems to taled $42,083,000 in July, a drop of 5.6% from a year earlier.—Federal Power Commission. Operating reve nues?' of *294.282.000 wer# 10.3% above a year earlier. Platinum Prices were cut $2 an ounce today to *64 wholesale and $67 retail as Russian offerings eased the supply situation. New Securities Marketed Today included: $60,000,000 of Detroit Edi son Co. 2\% general and refunding mortgage bonds at 10l'R: $9,400,000 of East St. Louis, 111., 3Vi% bridge bonds at 103. Mnnnngahela Power Co. invited bids up to September 16 on $7,000, 000 of new first mortgage bonds and 40.000 shares of series B cumulative preferred stock. Standard Oil Co. of Ohio has ar ranged to exchange 52.800 shares of its common stock for an 80% Interest in the Aylward Production Co. of Wichita. Kans. _1. _ C D r* :ln.n <• nlnn Fv " — ....• r. to rid itself of control of the Nickel Plate Railroad, by distributing Nickel Plate holdings to Its stock holders as a dividend, does not come under the jurisdiction of the ICC. the commission ruled. fnited State* Smelting, Refining A Mining Co. declared a dividend of $1 a share, payable October 15. Pre vious pavments were 50 cents. Profit for eight months ended August 31 was $2,925,128 or $3.47 a share vs. $1,465,870 or 71 cents in the same 1946 period. American Ga* & Electric Co. earned $18,124,654 or $3.88 in 12 months ended July 31 vs. $15,965,944 or $3 19 in the previous year. Southwestern Bell Telephone Co. net income for seven months ended July 31 was $7,497,158 vs. $12,783,330 in (the same 1946 period. Missouri Pacific Railroad earned *4 414 036 in seven months ended July 31 VS’ a deficit of $411,730 a year earlier. , j c Penney Co. sales for August totaled $61,931,647, a gain of 7.6% from a year earlier; for eight months. $437,510,005, an increase of 12.3%. Wa green Co. sales in August totaled $13 151.545, a rise of 5.4% from a year earlier; in eight months, $98,805,551, a gain of 7.4%. Cndahv Packing Co. has pur chased the Machlin Packing Co. at Fresno, Calif. ye I N. Y. STOCK EXCHANGE k_ ik. a _m__ k I _ Skies— Stock and Add Net Dividend Rate. 00. High. Low. 1:15. chge. ABBOTT LAB2a 1 // 77 77+1+ A C F-Brlll Mot. 1 • 8 8 - A* Acme Steel 8g _ * 5314 3314 3314 + >4 Adams «xc '/,*_ 7 171* 17 1714+ >4 Adsms-Mlisl'** 4 90 50 90 Addreso-M2 .35* 3 3814 36H 3814 + V* Alt Reduction 1 16 2# 281* 29+1* Alaska Juneau.. 3 41* 414 41* Aldenslnema.il 2114 2114 *114+14 Alleghany Corn 8 3>4 3*4 3*4 Alleghany Co Df 3 36 331* 36 + % |AllegLud 1.20g. 4 331* 3414 3414 Allied Mills 2g . 2 32 311* 32 + 14 Allied Stores a . 1 34'4 341* 34>4 + ‘4 Allied Stor pf 4 1 101 101 101 -2 Aim Chain! 1 60 9 3614 361* 361+ - 1* Allis ChM pf SVi 3 981* 981* 981* + 1* Amsl Leath .35* 2 6»w 61* 61* + V* Amerada Pet 2 1 81 81 81 Am Agrlcul 3a . 3 46'* 461* 46>* +1 Am Airlines 29 61* 8»* 87+ + ‘4 Am AlTl Df SI* 3 66 6314 66 AmBankNl.eOg 5 22 2114 22 + >4 i 'Am Bnk N Df 3 10 71 71 71 +1 Am Bosch V*x 2 1114 1114 1114 + l4 AmBrShoe 1.70* 1 41 41 41 Am Cable * Rad 14 5V* 3 31* + V* Am Can .3 4 83'* 85‘* 85'+ -11* Am CariFdv 3g * 49 49 49 AmChdcCbl 1.40 1 23'+ 23>* 23>* + V* Am Chicle 2 1 31 31 51 +1 Am Colorty 1.20 1 20'* 20>* 20'* + 1* AmCyanamldla 29 46'* 451* 46'*+1'* AmCyamidS'+pf 6 114 1131* 114 + 14 Am Distiller* 2a 2 30 29 30 +114 Am Fxport L2. 1 17'* 17'* 17'* + '4 Am A Frn Pwr - 10 31* 3'* 3'* A*FPSTpf5V«k 3 90 89'* 90 Am & F P 2d Df 7 16'* 16 16>* - H AmHIde * L V*« * 71* 7'* 7'* Am Hd&Le pf 3 1 34'* 34'* 54'* • am Home 1.20a x 6 231* 2314 2314 Am Internl .20* 3 12'* 12'* 12'*+ '* AmLocoml.40a 4 211* 211* 211*+ '* Am Meh*Pd SO 3 25 241* 241* - V* AmM4MetV«*. 1 9'* 9'* 9'* + V* Am Metal 1 1 29'* 29'* 29'* + 14 tAm Metals pf 6 1 143 145 143 —1 Am Power* If 13 1C* 10'* 10'* - '4 Am PAL 35pf5k 1 98 98 98 +1 lirRiSAaS M!r 9 15S* 13>* 131*+ '4 Stock and Add J!** Dividend Rate. 00. High. Low. 1:15. chge FoIIansbSt! 154* 26 285* *75* 265* + IV Food Fair 8t 40 4 105* 1054 10'* + V Foater Wheel 1 X 2 *4 *154 *354 +1 'Fost W flpf 154 x * *6 *6 *6 +5 Francis Bug It x 4 135* IS 15 — */ Freeport 8ul25* 3 4054 40 4054 + >/ Froadt GAM Via 1 14 14 14 Pruehanf Tra 1. 4 20 135* 20 GABRIEL ,45g 1 9'* 9‘* 9‘* + V Galr Robert 13 95* 9 9 Gar Wood Ind 4 354 35* 554 Gaylord Cnt 154 J 1954 19 1954 + V Gen Am Trans 3 1 36 36 56 + '/ Gen Baking .60 1 105* 105* 10 + + '/ 'Gen Bakg pf 8. 20 182 182 182 Gen Bronie 80 2 12'* 12‘* 1*5* + V Gen Cable V.g 11 115* 114* 11'* + V 'GenCabla lof 4 *0 79 79 79 - V Gen Cigar la_ 2 2554 2354 2 354 + ‘/ Oen Elec 1.60._ 2 1 3 65* 365* 3 654 + 5 Gen Foods 2 10 3954 39'+ 395* - V Gen Foods pf354 3 102'* 102'* 102'* Gen Instrumt 1. 2 12>+ 1254 125* + V Gen Mills 154a 3 495* 49 49 Gen Motor 2'*g. 19 9854 5754 38 Gen Motnf 354. 1 107 107 107 Gen Out Advt 1 8 1554 155* 1554 - '/ Gen Freels So 1 4 18 1754 18 + */ Gen Pub Ot .80 13 14 135* 14 Gen Ry Signal 1 3 26‘* 23'* 26'* +1 Gen Real Sc Dtll 7 454 45* 4'* + »/ OenRefrac 1 '/«*. 4 2*54 2654 2654 + 5 Gen Shoe 254 3 31 3054 31 + '/ tGen8tlCpf4‘/ik 10 1095+ 1095* 109‘* Gen Telepb 2 .. 3 31'* 3054 3054 - U Gen TlredtR la. * 24 2354 24 + 5 Gillette 8 R 254. 4 275* 27 27 + '/ Gtmbel Bros 2b 12 2254 22‘* 225* + V Glidden Co 2.40 4 44'* 44 44 GoebelBrewHOa 4 654 654 65* Goodall-Sn 1 54a 1 27‘* 275* 275* - '/ Goodrich BF 3g S 3354 5 3 5354 + 1V r'.nnriT»«rTArR a. 94 4V/a 4 4-3A 45'i + Am R Mill 1*4B 7 31*4 31*4 31*4- >4 'Am RM Df 4*4 *10 105 105 105 +7* AmSafeRarla 12 11*4 11 11 — *4 tAmShloBlds nM 1 30 377* 30 + *4 Am 8m A R 3b 22 5974 59V. 5974 + 7* tAm 8&R Df 7 20 167*4 169 167*4 +1*4 Am 8tl Found 2 * 2974 2974 2974 - >4 Am Stores 1.40 1 26*4 26*4 26*4 + *4 Am SUB R Df 7 . 1 130 130 130 - *4 Am Tel A Tel 0 x21 15974 157*4 159*4 +17* Am Tobae B 3a. 3 7274 72*4 7274 + *4 tAmTobDf0-_. 10 157 157 157 Am Viscose 2 4 52*4 52 52*4 +1 Am Water Whs. 19 1 574 15*4 157* + *4 Am Wool HO 45*4 43*4 45 Am Wool Df 7 __ 3 97*4 97*4 97*4+1 Am Wool Df 4 - _ 4 937* 8874 9374+674 Am Zinc .20* 1 7*4 7*4 7*4 + *4 Anarond Coo 2* 26 347* 34*4 3474 — 7* tAnWlreAiC3'4g 160 55 54*4 55 + *4 Anchor HGlslg 1 4074 4074 4074 APW Products 1 4*4 4*4 4*4 - *4 Archer-Dan *'.i 7 3674 36*4 367* + H Armour At Co . 22 13*4 137* 13*4 + *4 Armour Dr Df 6 1 1°5 105 105 +1*4 ArmsCork 1.20* 3 4674 46*4 4674 +1*4 Assd Drr G 1.60 2 15*4 15*4 15*4+ *4 tAsso DG 2nd 7 10 115 115 115 Atch T At 8 F 6 2 82*4 82 82 -1*4 Atch TAtSF of 8 * 103 102*4 102*4 + *4 All CoastLlne 4. 1 51 51 51-7* Atlas Coco 1.80 2 22*4 2274 2274 - ‘4 ♦AtlasPwdr 1 14b 50 66*4 66*4 66*4 Auto Canteen 1 4 21*4 21*4 21*4— *4 ArroMte lOf « 5*4 5*4 5*4+ 14 BALD LOCO *4* « 17*4 1774 177* Balt A Ohio . 8 13*4 13*4 13*/. - ‘4 Salto A Ohio Df « 107* 18*4 18*4 + 7* BarkerBros 3 *4a 2 26*4 26*4 26*4 + 7* Barnsdall Oil la 4 28*4 28*4 28*4 BathlrWl’.B 2 13*4 13*4 13*4 Baruk Citar %r 3 20*4 2074 20*4 + *4 'Beat Fds Df3*i 20 102*4 102*4 102*4 - 7* Beech Aircraft 1 8*4 8*4 8*4 + *4 Daaoh.K'Ptrl 4 A 1 3114 31*,4 31**4 Goodyear ©I ft _ 1 106% 106% 106% + \ GothmHosl 40a 1 18* 18* 18*+ V Granam-Palce S 3* 3* 3* GranbyCon .30* 3 6 6 « GraniteCStl Vac * 1** 1** !**+'/ Grant (WT) la x 1 29* *8* 2**- VI GtNorlOctla 2 13* 15* 15* Gt Nor Ry of 3 » J9V4 39* 39* + V GrtWSusl.SO 1 23H 23* 23* tGtWestSus Df7 10 159 159 139 +3 Green HLV,h . 8 33* 33* 33* + 1+ GreenTAD 1.20 3 16* 16 1« - V Greyhound V.h 23 10 9* 10 GruAlrBn* 1** 12 27 26* 27 + V fGuantanS of 6 10 90 90 09 +1 Gull MobAOhio 8 12 11* 11* - M Gulf Oil la __ 2 67 66 «7 Gulf Sta Util 2 13* 13* 15*+ VI HARB-WLKl’.t 1 2« 24 24 HartSAM 1.80* 1 31 31 31 + V Hayei Mf* Co 4 7 7 7 + V rHazl-Atlas 1.20 1 26* 26* 26* Helme G W 4 2 33 33 33 - V Hereul Pdrl .05* 3 31 50* 30* Hewitt Robins 1 1 20 20 20 Hilton Hotel 1 -- 7 11* 11* 11* Holly 8u* 1 -- * 18 10* 18*— M Homestake 1 Va* 7 44* 44* 44* — M Houd-Hersh Va* 6 18* 16 16* + VI Houd Her pf2V« 2 49* 49* 49*+ + Houston LAP 2 . 1 43 43 43 + V Houston Oil Vs* 3 22* 22* 22* + V Howe Sound 2 .- 1 35* 33* 35*+ V Hudson A Man 1 3H 3* »* — V Hud Bay M 2'/.* * 34* 34* 34* - V Hudson Mot 40 3 16* 16* 16Va + VI IDAHO PO 1.35* 1 36* 36* 36* + '/ 111 Central . 20 26* 25* 25* - VI IllTermRR .64*. 4 9 9 9 - >/ Ind Pr A Lt 1 * 2 26* 26* 26* Inland Stl 1.40* 3 35* 35* 35V* + V Inspira Cop l1/.* 2 15V* 15* 15V* Inter Chem 1 Va* 1 41V* 41V* 41V* + + Inter Iron 60s 2 12* 12* 12*— VI Int Htryester * *33 81* BO* 80*+ + tint Har? pf 7_ 30 184* 184* 184V* + + Int Hydro El A - 1 6* 6* 6* + VI Int MACh 1.60 _ 1 27* 27* 27*+ + fnt Nickel 1 60. 12 28V* 28* 28* - M Int Paper I_ 14 46* 47* 48* + VI Int Paper pf 4 .. 1 106* 106* 106* Int Ry Cen Am 1 13* 13* 13* tlntRCA pf6'.k 50 112 111*112 + V Int Shoe 2.40 . 2 42* 42* 42'/. + + Int Silver 4** 2 53* 35* 55*+ V! Int Silver pf IV* 1 36* 36* 36*+ TA Int Tel A Tel 10 11* 10* 10* Int TAT for et 19 11 10* 10*+ Vi Inter Deo Strs 2 1 20 20 20 + V. tlsld Crk C pf6 . 10 154 134 134 +3 IACOB8 PL- 1 8* 8* 8* - + Jewel Tea 2 40a 7 44 44 4« tJewel T pf 3* 10 104* 104* 104* + V Johns-Man .60h 16 41 40* 40* BellAHowell V2a 1 21% 21% 21%+% Bendlx Aviat 2- 1 30% 30% 30%+ % Best At CO 2a 4 28 28 28 + % BestFoods 1.20a 7 25’+ 25% 25% + H Beth Steel 6 4 87% 87 87 - % Blaw-Knox 60s 2 15 14% 15 + % Bliss * L %x 1 15 15 15 + % Bliss IW 1« ... 3 28 27% 27%-% Boeing Air 1* 2 19% 19% 19%+ % Bohn AlumAsB 2 x 2 35% 35% 35%+ % Bond Stores 2 3 27% 27% 27% + % Borg-Warn 2.60 4 48% 48% 48% + % Boston & Me 1 4 4 + + + Bridgpt Br .POg 9 13% 13% 13% Briggs Mfg 2 . 2 33 32% 33 + % Brlggs*8trs 1s 1 28% 28% 28% + •+ t Bristl-M pf 8*4 30 108% 108% 100% - % BfclxntTGas 1 80 1 20% 20% 20% Buc.T-Erie.R5g 23 17% 17% 17% + % Budd Co _ 28 10% 10»+ 10J++ % 8ullard Co ? 17% i7% a7% + 1/6 BuloraWstch 2a 2 30 29’+ 29% - % Burling Mills la 10 18% 18% 18>+- % Burr Ad M BO 5 13% 13% 13% + % Butler Bro 65x. 5 14% 14% 14% - % Butte C As Z 2 3% 3% 3% CALLAHAN ZIN 3 2% 2 2 - % celumetAH 40g 2 *% «% «% CampbellW 1 >*g 1 26% 26% 26% Can Dry GA .60 xlO 15% 15% 15%+% tCanDrypf 4% X50 120 120 120 +1% CansdPacl’+g 27 11>* 1U* 115* Cannon Mills 5e 1 74% 74% 74%+ >+ Carpenters 2%* * 42% 42 42% + ■+ Carrier Com 7 18% 18% 18% — % Case J I Co 1.60 4 36% 36% 36% - % ntterpillr Tr S 3 55 54% 54% CelsneseCp POg 40 25% 245+ 25 Celanese 1st 4% l 1065s 106% 106% Celoter Corn 1 . 3 28% 28 28 Celotex Co pf 1 1 20% 20% 20% Cent Foundry . JO 9’+ 9% 9% — % Cent R R N J • 3 75* 7% 75+ + % Cerro de Pes 2. 10 29% 29% 29% Cert-teed 46g . 22 17% ld% 16% + % Champ P AF la 1 23% 23% 23%+ % Ches As Ohio 8a 7 45% 45% 45** - % Chi Corn .40 16 7>* 7% 7>+ + % Chi As East IU__ 2 5% 5 5 - % Chi A E III A 2 9% 9 * - A Cht Grt West pf 5 11% 11 11%+ % Chi Ind Ar L A . 2 5% 5% 5% Chi M SPAPsc 3 9% 9% 9% - i+ CMSPAP Pf7%f 2 32 31% 32 + % Chi As NW le 3 19 19 19 - % Chi A N W pf 5e 2 42V4 42% 42% + % Chi Pneu To 2g 11 30% 30% 30% + % Chrysler **h 24 59 58% 58»* + % cm GAsEl 1.05g 15 26% 26 26 - % Cin Mill M 1.40 1 22 22 72 + % C I T Finance 2 8 44% 43% 43% - % City IeeAsFuel 2 3 30 29** 29% - % Jones dc i. ou a ® a.v* a* - - Joe Manf 1.20a. 6 36% 36% 36% + V Kan City South. 5 22% 22 22% + 4 Kenneeort 2V.f 13 43% 43 45% + 4 Kimbrly Cl 1.40 2 23% 23% *3% 'Kimb-Clrk of* 50 110% 110% 110% + 4 Koopers Co 1 60 3 34% 34 34 —4 'Koppers of * . 10 101% 101% 101% — V Kroger Co 2.40 1 47 47 47 +1 LACLEDE G 20 1 5% 3% 5% - 4 Lane Bryant 1 1 11% 11% 11% Lehlah C*ltl 2 10% 104» 10*% + 4 Leh Valley Coal *5 2% 2% 2% + 4 Leh V Coal lofS 3 20% 20% *0% + 4 Leh Valley RR * 9% 5% 5% + 4 Lehman Cp 4V.I 3 46 46 46 + 4 Lerner Str. 14, . 2 15% 19% 15% + 4 Lfbbr Glass 2.. 1 51% 51% 31%+ 4 Llh MeNAL Tig 6 8% 8% 84b + 4 Life Barer 1.1 Of 3 34% 34% 34%+ 4 Liggett A Myr 4 1 88 88 88 -1 rLigg A M of 7 20 187% 187% 187% - 4 Lima Locom 2a. 2 32% 52% 52%+14 Lion 0111% - * *5% *3% 23% + 4 Lluuld Carbn 1. 1 ** 2* 2* - % Lockheed Aire.. 5 14% 14 14 Loew’a Ine 1% 12 *0% 20% 20% - 4 Lone BtarC S’/ja 3 66 63% 66 + 4 Long-Bell L.45k * *1 20% 21 +4 Lorrllard Prod 1 1 18% 18% 18% + 4 Lou GAB A 1 % 1 *4% 24% 24% Lowensteln 1 %a 3 *3% 23 *3 Lukena at) 40 1 17% 17% 17% MCANAr 2.15k 1 37% 37% 37% - 4 MackTruck S'/.g 4 54 54 34 + 4 Macy R H 2a 1 36% 36% 36% + 4 Magma Coo *ig. * *0% 20% 20% Manatl Bug tig. 4 8% 8% 8% + 4 Marathon Cm 1 2 2*% *2% 22% — 4 Marine Midi Tig » 7 7 7 + 4 Marahll Fid 2a * *8% 26% *6% - 4 MarshFld pf4V« *30 110 110 110 +14 Martin G L 6 16% 14% 16% - 4 Mart-Parry ,80a 3 20% *0% *0% Masonite Cp la. * 31 31 51+4 Master B1 2 40 2 21% *1% 21% Mathias Aik Ig 3 31% 314. 31% MayDeptStrs3 * 41 40% 41 + 4 'May Dept pf3»'. 80 101% 101% 101% tMayStra pfn.V/.HO 99% ** *9% Maytag Co 1 10 10 10 Maytag of* .. 1 47% 47% 47%+ 4 McCall Coro *a. 2 40% 40% 40% - 4 McCrory 1,40a 1 29% 29*4 29% + 4 'McCrory pf 8% *90 102 101% 10* -1 McGraw Blec 2a 1 39% 39% 39% + 4 McIntyre 2.01a. * 53% 53% 53% + 4 McKtseAR 2 40 3 34% 33% 33% - 4 Mead Crp l.OBg. 1 *0% *0% 20% + 4 Melrilie 8h 1 00 4 *3% *3% 23% — 4 Meniel Co la 3 17 18% 16% MerckACo pI3% 1 102% 102% 102% + 4 'Met Bd Df 3 90 40 109% 109% 109% Mt.mtCool’ .g 2 16% 16% 16% - 4 uur oiuic* * *• ~ CleveFlecI!!un:2 3 41’4 41'4 41U Cler Graph 1.60 2 32 32 35 +1 CltmaxMol 1 SO x 3 17 167* 167* Cluett Pbdy 1 'A* 3 40*4 40 4074 + 74 Coca Cola 3a * 185 184 105 +3 Colonial Mills 1 . * 187* 18>+ 1874 + 7* Col Fuel A Ir 1 7 15 1474 147*+ 7* Col FuelAIr of 1 10 18 18 18 ColBrdcstA 177 c 1 2« 26 26 + >4 ColBrdcstB 1 'Ag 3 26 26 26 + 74 ColQasAElec 60 40 11*+ 117+ 11**+ 7+ Col ASOE 2.161 1 417+ 417+ 417+ - 7+ Come! Credit 2 8 4474 44 44'+ + 74 'Coml Cr Of3 60100 10774 107 107 - 74 ComlSolv’.c 6 24** 24** 247++ 7+ ComwlttlFd 1.40 10 297* 297+ 297+ CemwlASouth 73 3'4 3'+ 3'4 + 7+ ComASo pf 12k 3 1137* 11274 113'+ +174 Oonsoieum-N la 3 297* 2974 297* + *+ Cons Cigar 2 x 2 307* 307* 3074 + *+ Cons Edts 1 60 12 2574 25'+ 2574 Cons Edit pf6 3 107 10674 107 + 7* cons Nat Gas 2 5 4774 4714 4714 ConsRRCuba pf 5 227* 217* 227++ 7+ Cons R St 1,60a 4 14 14 14-7+ Cobs Vultee 14 14>4 14*+ 1474 Container Cp 2g 3 407+ 40 40'+ + 74 Cont Baking 1 1 1474 147+ 147+ + •+ Cont Can 1 - 13 36'+ 367* 367+ + 7* cont lnsurnc 2 * 4774 47 47*4 + 7+ Cont Mo'ors 14 7>* 7'* 774 + >+ ContOli Del ls4t 4 4574 45 45'++ 7+ Cont Steel >4g 1 1574 15*4 15>4 + '4 Cooper-Bess ‘«gc 4 20 1974 1974 + 74 ‘Coopr-Bes pf 3 x20 51 51 51 +17+ CoDDrwldStl mi 3 14*+ 147* 147* + 7+ Corn Prod 2'Ag 7 63'+ 63'+ 63'+ — 74 Cornell-D F 80 4 15 1474 15 + 7+ Coty Inc .20g .2 5‘* *>+ 5'+ Crane Co 1.60 - 4 33'+ 33'+ 33'+ + '+ Cream Am 1.40. 1 14*+ 14'+ 14'+— '+ CrownZell 1,70g 3 31 31 31+7+ Crucible St 1 pf 6 1 80 80 80 + 7+ Cudahy PI 60a * 52 3174 5174 + 74 curtu Publish 25 10 974 974 - 74 Curt-Wrlgbt '*e 20 57* 574 57+ + 7* Curt-WrlahtA 2 5 18'+ 18'4 187* - 74 Cutlr-Hm 1 20* 1 26'+ 26'+ 267+ - 7* DANA CORP 4 23 2274 23 + '+ Davison Chem 1 * 217+ 217* 217++ 7+ ! Deers A Co *4g 6 39 38'+ 307* + 7+ Deere pf 1.40 . 1 357+ 357+ 35'+ Del A Hudson * 3 397+ 39*+ 39** + 7+ Del Lack A Wn 8 774 7>+ 7'+ - 7* Den * R G W ct 1 10'+ 10'+ 10'+ - •+ CAR O W of ct- 2 36 35'+ 35'+ OetEdis 1.20b 6 2 37+ 2374 2 3 7++ *+ DetMichSto.80a 5 1274 1274 12'+ DevoeARAl ,20a 4 2474 24*+ 2474 + 7* Hist Cn-Sea 60 45 15'* 14 15'+ + 7+ ! Dr Proper 71s . 3 2874 28'+ 2874 + 7* Mld-ConPet 1 Vj( 4 42% 4Z% 4zv»-r y Midland Stl P 1 1 38% 38% 38% fMId Steel lof * 20 140 140 140 Minn-H Rx 1 ti* 2 54 54 54 tMin-Mo nf4%k 10 115 115 115 MSPi-SSMAle 2 10 10 10 + V Mlaalon Cro Vi I 4 40% 40% 40% Mo-Kan-Texas 5 5% 5% 5% Uo-Kan-Tex Pf 4 17% 17% 17% - V Mohawk Carp a 1 35% 35% 35%+ *, Monaanto Ch 2 20 59% 59 99% + V Monta Ward 2a xl2 58 57% 57% - V Moora-McC L 2 32 30 29% 29% Motor Prod lx - 4 21% 21 21%+ + Motorola 60x 1 12% 12% 12% + + Mullins Mfx %xxl7 22% 22% 22% + + MUrPhrOC 1 %a 2 38 38 38 + >/ Murray Corn 34 12% 12% 12% + V NASH-KKL %x * !•% l‘% + *' Nat Acme a_ 1 24 28 24 + V Nat Airline* 2 12% 12+i 12% + V NatAuto Pib en 4 10% 10% 10% + V NatAyiatlon Vat * 13 13 13 + V Nat Biscuit 1 '.At 7 30% 30% 30% - V Nat BdASh 60a * 24 24 24 + V Nat Can 3 9% 9% 9% NatContaln 1.20 30 13% 13% 15%+ V \at Dairy 1.80 7 31 30% 30% - V Nat Debt Stria 1 1»% 15% 15% + >/ Nat DHtlllers 2 90 21% 20% 21 + V Nat Gypam !/*x- 3 19V4 19% 19% + V Nat Lead %a .. 7 33% 33% 33% + V tNat Ld Pf A 7 30 109 189 189 - V Natl Steal 4 ... 7 ■!% 80% 81%+1 Nat Supply 14 18% 18% 18% + V tNat Sup pf 4%. 1 »» ** *» + Jf Nat Sup S2 pf a. 3 18% 18% 18%+ + Sat Tea la 3 26% 26% 26% Nat Vul Fibr .80 2 14V. 14% 14% Nehi Coro 1 7 20 20 20 NelsnerBro 80a 1 15% 15% 15% + '/ NewberryJJ 1 ’At* * 31 31 31+ + Newnt Indust a 3 26% 26 26% + + Newpt N 8 IVsK 5 20% 20% 20%+ >/ N Y Air Brake a 1 38% 38% 38% + >/ N Y Central RR 20 14% 14% 14% + V N T Chi A St L 5 34% 34 34% + + NYCAStLpfO Vak 3 119 118% 118% NYCOmnibus’ix 2 13% 13% 13% + V NY NH&H pf Wi 10 25 25 25 + V -NYP&L Pf :«.»0 40 103% 103% 103% N Y ShiDbld Via 2 12% 12% 12% + V Norf A Western 3 59 59 59 vo Am Avia le 5 8% 8% 8% + V Nor Am Co lb 5 23% 23% 23% tNorthernCent4 10 88% 88% 88% +1V NoNatGas 2.20a 1 58 58 58 North Pacific la 10 20% 20% 20% - V Northwest Alrl 3 12% 12% 12% — */ NrthwAlr pfl.15 3 *1 *0% 21 + >/ 'Norttaw Tel 8 150 36 36 34 + V Norw Phar .60 . 1 13 13 13 + V tOHIO * pf4 40. *0 107% 107% 107% OHIO OIL %a 7 25% 25% 25% + V OklaGAEpf.80 1 21 21 21 Olleer Corp %«. 7 21 20% 21 + V tOUrer pf 4% .. 40 102 102 102 + V 'Omnibus pf 8 40 103% 103 103 + + Otis Klerat .86x. 11 28% 27% 28%+ + 'Outlet Co 6%i 30 85% 85% 85%+1V Owen-niGl 2+.X 2 72 72 72 - V >PAC C08T *!pf 2 41 41 41 ac Gaa Xflcl 7 35% 39% 39% + V Pac Mills 8 4 33% 33% 33% + V tPac TAT 1 06x 20 99% 99% 99%+ + Pac West Oil 9 40% 39% 40% + V •ackard M 16s 13 4% 4% 4% Pan Am Air 30 10% 10 10 + V PauhdKPL 2%K 2 50*it 50 50%+ ■ Panhandle PAR 2 6% 6% c% - V 'aramnt Plu a 43 23% 22% 22% - v ParkATUford 8 2 39% 39 39%+1‘ Park Utah CM 10 2% 2% 2% - V Parka Darlsl 60 3 38% 38% 38%+ •, Ps tinn M ’»* 1 10% 10% 10%+ V Pen A Ford .80h 5 33 32% 33 - V Penney (JCI 2a 4 44% 44 44 + i, Penn-Cent Alrl 7 7% 7 7% + V Penn CoalACoke 3 14% 14 14 - i/ Penn Dixie C 1 r 3 18 18 18 + V PennOlSnd 1 40 1 38 38 30 + V Penn PAL I SO. *2 20 20 *0 / Dome Mine 7T« 17 20*4 20*4 204 + 74 j DouslasAir T'ie 2 60 60 60 — 74 DowChem'.h 56 5774 5674 37*4 Dow Ch 2 pf 3*, 5 103 103 103 Dresser Tndnst 8 18>/e 1774 1774 - >4 DuPont de N 6* 2 18974 189 189>4 +174 Du Pont of 474 2 12874 128 128'/. + 14 DuPontS7iof374 1 107 107 107 tDua Light of 6 X10 11074 11074 11074 - 74 EAGLE-P 1.20a 2 2374 23*4 23-4+ 14 Eastern Air L 74 20 19 1814 19 +1 East BUS atl 74a 25 20>4 197. 20*4 + >4 EstmanKod 1 40 16 4374 4374 43*4 - 74 OtCO Prod 1.20 3 16’e 16*4 16>4 Elastic Stoo Nut 1 574 514 574 - 74 Elec AUtO-L1t« 3 3 54*4 5374 54 + 7% Elec Boat3,* ... 1 1314 13*4 13*4 + >4 El At Music .09* 3 2*4 2* a 274 + 74 El Power 4 Lt 16 1674 16*4 1674 + 74 El StorageBat 3 x 1 5374 5374 5374 - 74 Enter El M .00* 1 1174 H74 1174+ *4 S'mo Dts El 1 12 1 15 15 15 Etldlcott-J 1.60 1 3 2 74 3 274 3 2‘4 - 74 5quit office B • 12 37a 374 + *4 Erie R R 1 8 *14 974 9*4 + >4 Eureka Will 14. 1 9 9 9 + 7i Fvershro 1 20a. 6 1474 14*4 14*4 Ex-Cell-Q 2.60 3 43 4274 42*e + 74 FRBNKS MOR 2 3 50*4 50*4 50*4 + 74 Fajard Sus 27ik 2 29*. 29' , 2974+ 7e tarns TelA'Rao 16 7*4 714 7*4 Fed Lt * Trac . 2 2374 23*4 23*4 + 74 Fed Motul .10h 1 19 19 19 + *4 Fed Mot Tr .40* 1 1174 1174 1174 + 74 Federal D8t 174 6 2574 2574 2574 + '4 FerroEnam .96* 1 2174 2174 2174 + 74 Flrest Tire 3r 3 49*4 49‘4 4974 FlrstNatSt 274a x 2 57 567* 567* +174 Flintkotel* - 5 34*4 337* 3474 +1 Florence Stove 2 1 327* 327* 327* Florida Pow 1 1* 19 19 i Sales— » Stock and Add N Dividend Rate. 00. Ht*h. Lose. 1:18. c) Penn R R %* *9 18% 18% 18% - Penn Salt 1.20* 5 46% 46 46% + 'Penn Salt nf3%270 117% 117 117% + Peoples QL 5%* 1 64% 64% *4% - i Pepsi-Cola -70a. *6 30% 28% 50 + i Pet Milk .'._ 3 78 27% 28 + Pfizer CACo 2a S 42% 42 42% + I PhelDod*e‘!.40* 34 40% 40 40 + i tPhila Co 6 pf 3 30 34 33% 34 i! tPhil Co SB pf fl 10 103 103 103 - Phila Elect 1.20 6 23% 23% 23% Phila El SI pf 1 2 27% 27% 27% - i PhiiARCillVa* 40 13% 1* 13% + Philco Corp 1% 1 27% 27% 27% - Philip Mor 1 ’/)« 4 30 7*% 28% - I Phillips Petrol 3 6 57% 57% 57% - [ PlttCk&Ch tie 1 13% 13% 13% + i “itConCoal 1 40 20 26% 25% 26% + Pitt Port la 3 21 20% 20% + i Pitts Pi G1 .70* 13 34% 33% 34 + I Pitt Steel_ 3 10% 10% 10% - ■ tPitta Steel 8 PI 160 76% 73% 76% + I Ptttston Co 25 30% 30% 30% + i Pond Creek 2%* 1 34 34 J4 I Poor Ae Co 8 1__ 1 14% 14% 14% + Pressed Stl Car 5 10% 10% 10% - i Pub SvcCol 1 B6 1 36% 36% 36% + Proc A Gam 8a 1 66% 66% 66% + Pub SNJ 1.40 3 22% 22% 22% 'Pub SvtNJ Pf8 130 145 144% 145 1 'Pub SvcNJ pffi x80 116% 116% 116% - l Pub See NJ pfl.120 108% 108% 108% + tPub 8 El G pf5 20 111% 111% 111% + blbliriar Inn 48 25% 23% 24% + 1 tpublicker »f4»/« 10 84% 84% *4% - 1 ( Pullman 1%* 1 56% 56% 56% 1 | Pure OH t 13 25% 25 25% QUAKSOt.20a 1 22 22 22 + i . □ anin r>n o- 18 niA. A A > Radio Cp pf3% i 1 75% 79% 79% + ' Ra-Ktn-O 1 20 17 11% 11% 11% ’ tRRSec 111 C atk 50 22% 22% 22% + Raxonier Inc%* 5 26 25% 26 + Raxonier pf 2 ._. 2 37% 37% 37% + 1 Readlm Co 1... 1 19% 19% 19% ' Reeves Bros 1 3 l«% 14 14 1 iRelaRArCopf 30 115 115 115 ' Pellance Mfk 1 1 11% 11% 11% + 1 tReltanre pf 3% 10 73 73 73 — Rem-Rand Vih 12 15% 14% 15 Reo Motors 2% 2 30 30 30 + 1 ReD Avletlon 23 7% 7% 7% 1 Republic Picture 3 4% 4% 4% — Repub Piet pf i 1 11% 11% 11% + ' Repub Steel la 20 26% 26% 26% - Rep Steal pf A 0 1 112% 112% 112% + Revere Copr *4* 6 19% 19% 19% 1 i tRev Cop pf 6'/* 20 101 101 101 + ' Rexel] Drug . 13 7% 7 7% F.eynTBl.15* 6 40% 40 40 + 1 ReynTob pf3.00 1 103 103 103 Rheem Mf* 1 . 2 20% 20% 20% - 1 Ruberoid 1 %t _ 5 55% 55 55 — SAFEWAY ST 1 1 22% 22% 22% + 1 St Joseph Ld 2a * 44% 44% 44% + St L San Fran 19 0% 8% 8% St L SanFran pf 2 29% 29% 29% - 1 St Retls Paper 33 10% 10 10 SavaaeArms Via 1 8% *% 0% Scbenlex Dlstl * 73 30% 26% 30% + Scranton Elec 1. 3 15’% 15% 15% + Scab Air LRR. 9 18% 16% 16% + Seaboard 011 1. 1 30% 30% 30% + Sears Roebck la 20 37 36% 36% - Seeaer Ref .20*. 5 11% 11% 11% + Servel Inc 30e 2 11% 11% 11% ShamrOAtG 1.20 6 23% 23% 23% + Sharon Steel 2 1 34% 34% 34% + Sharp&Doh %* 1 21% 21% 21% + SharpeAD pf3V4 1 78 78 78 + Shell Cn Oil *4* 11 30% 29% 30% + Sheraton A .30* 6 7% 7% 7% — Silver Rina Col 3 4% 4% 4% SlrnmonsCol % a 3 39% 35% 35% + Sinclair 011 1 32 10 15% 15% Skellx Oil 1 >4* 2 82 81 82 + Sloss-Sh Stl Vi* 5 18 18 18 Smith(AO) Co I 1 54 54 54 - SmithASonl .40a 1 33% 33% 33% + tSmithAS pf3% 230 101% 101% 101% - ?vocony*vac rw ^•» *v/« -»-»/» SOU AG&P .20K » 4% 4% 4% So P RjraSUK 4a * 45 44% 44% - SouNatGas lYab * 23% 23% 23% - Soutnern Pac 4 8 43*/* 43% 43% Southern Ry S 10 38 37% 37% + SnaldiiMrABro 1 3 18 17% 18 + •Scene Kel 1.50a 3 25% 25% 25% + Sperry Corn’if 40 21% 21 21%— 3plerel Tn« _ 11 12 11% 11% + ' tSplexel of 4% 10 74% 74% 74% tSQUibbdeS pf 4. 40 112 112 112 Stand Brands 2 4 29% 29% 29% + Std GiWfeEl 54 Of 17 26% 25% 26% - StdOil Cal 2.3»t 9 59 38% 39 + ltd Oil Ind 1 '4a 16 39% 39% 39% + Std Oil N 1 2k 52 74% 73% 74% + Std OilOhio 1'4 6 30% 30% 30% + Stand 8tlSp *4k 2 13 12% 12% — Sterehl Bros 1 . 1 13% 13% 13% + sterlinK Drua * 3 38 37% 37% - Stevens .1 P 2 . 1 32% 32% 32% + StewartWrnV4a 2 15 13 15 — 1 Stokely-Van C l 11 21% 21 21% + 1 Stokley-VC pf 1 3 20% 20% 20% + Otone&Web ] Vie 3 13% 13% 13% Studebaker *4x . 18 20% 20*4 20% + 1 Sun Cham .601 11% 11% 11% + Sun Oil lb .... 1 56 56 56 Sunray Oil Vix 33 11% 11% 11% + Sunshine Blse 3 1 37% 37% 37% - 3unsblne M .40 8 10% 9% 10'« + Superheater la 12 19% 19% 19% + Swift&Co 1.50a 6 33% 33% 33% + ' Swift Tntl 1.60 7 22% 22% 22% + ! Sylvn Elec 1 ,0.5k * *1% *1% 21% + rS7lvn Elec of 4 30 101 101 1Q1 1 SymlnK-Old Via 4 6% 6% 6% + 1 Tenn Coro la ._ 1 17% 17% 17% + Texas Co 2a 11 *0 59% 59% - TexGulfProd ’41 1 15% 13% 13% + Tex Gulf Sul 2a 5 34% 53% 54 + ! Tex Pac r*0 l 3 34 33% 33% + TexPaeI.Tr .40x 6 77% 27 27% + Thatcher 50b « 1* 13% 13% - ThermoidCo .80 l 10% 10% 10% Third Ave Trane 3 7% 7 7% Thompson P *«X 2 42% 42% 42% + Thom-Starrett 1 4% 4% 4% + Tlda Wat Oil 1 a 9 20% 20% 20% - 'TKleWat, pf3Vi 1 107 107 107 + Timk-D Axl +«x 2 16% 16% 16% Trnsamenra *4a 3 11% 11% 11% + T.ane Je W ilp 19 15><£ 15l/4 151 'A + Trl-Cnt Cd 80a 12 *% *% •% tTri-Contl Pf 6 - 30 106 106 106 rruax-Tr 1.40*. * 23% 23% 23% + !Oth C-FOX 8a 30 27% 26% 26% - 20tbC-Fx DflVi 1 36 36 36 + UDYLITE 1 2 13 13 13 Underwood 2 Vi* 7 49% 49% 49% + Union Ba* 2a 3 33% 33 33 UnlonCarb 33i* 22 102 101 102 + Union OU Cal 1 13 22% 22% 22% + Union Faelflc 6. 6 136 135% 135% Unit Air Line* .. 23 19% 19 19% 4 Utd Aircraft 1 86 22% 22 22 % + Utd Alreft pf 6 1 HO 110 110 ! unit Citar Whal 8 5% 5 5% + Utd Corp . 31 3 2%— Onlt Corn Df 8 x 3 46% 46 46% + Utd Elec Coal 1 16 13% HV+ 15% + 1 United Fruit 2a 22 57% 56% 57 + ’ Unit M A M la. 8 15% 15% 15% - USAFSec 1,80e 3 19% 19% 19% + U S Gypsum 2a x 3 99 98% 99 + 1 U S Indust C 3* 5 44% 44 44 - 1 US Leather 3 6% 6% 6% 1 US Leath A 2Va* 1 34 34 34 4 1 J 8 Lines 5. 10 19% 19% 19% + 1 US PlDa&Fyl fiO 7 40% 40% 40% U 8 Plywood .80 n 29% 29 29% 4 1 US Rubber 4* 10 43% 43 43% 4 U S Smelting 3* 8 47% 47 47% 4 1 US steel 4 37 70% 69% 70 ’ US Steel pf 7 1 145% 145% 145% O 8 Tobec 1.20 3 19% 19% 19% - Utd Stockyd Vie 1 7% 7% 7% 4 UtStrsSd pf .36c 1 *Vi 9% 9% Utd WallpaD Vi* 6 7% 7% 7% 4 ’ Uniy-C S ,»0t . 1 17 17 17 - UniTLab 12 7% 7% 7% 4 tUnivLeafTob4a 10 102 102 102 Unix Pictures 2 14 17% 17 17% 4 JUnlT Pie pf 4 Vi 30 72% 72% 72% 4 VanRaalte 1.80* 1 33 33 33 4 : Vanadium Corp 1 16% 16% 16% 4 ! Vert-Cam Su 2a * 14 13% 13% Va CaroltnCheni 3 6% *% 6% Vir* Elec A Pwr 17 16% 16% 16V. Va Rail pf IV4._ 1 34% 34% 34% ! WALDORF I a 1 16 16 16 4 ! Walgreen 1,80a 1 31% 31% 31% 4 'Walgreen pf 4 1 106% 106% 106% - I Walker Ml 1.20- 13 204a 20 20% 4 ! Walworth Vi* - 3 10% 10 10% 4 | Ward Bak .45* 2 12% 12% 12V. 4 vvaruci bto IV* 44 14% 14% 14% ~ Warren Pet 80 1 37 37 37 t War Pet pf 33i 30 99 99 99 WayneKntt 1 '** 6 71% 21% 21% Wayne Pump 2 1 32% 32% 32% 4 Webster Tobac 2 7% 7% 7% - Wesson OH 6Va** 5 44 43% 43% 4 WestlndSusia 5 24% 24% 24% 4 wVaPulDAPlax 1 41% 41% 41% 4 ' We»tAUlOSUD» 1 49% *3V* *9% 7 > West Md 2nd Df * l*1/* 1» 1*% 4 Welt Un Tel A 30 25% 24% 25% 4 ' West Air Brk 1* 3 34% 33% 33% - ' We»tln* Else 1 1* 27% 2674 27 - ' tWSt El pf A 8% JO 104% 104 104% Weston El IV2S- 2 36 35% 36 4 WestTSCO 1.40 . 3 33% 3J 33% 4 1 WestTaC Pf3* 290 98% 97% 97% Wheel Steel 2 6 4274 42 42% 4 rWheelStl prpfd 20 96 95% 96 4 White Dent 1%. 1 29% 29% 29% White Motor la * 26 25% 26 4 Wilcox Oil .10g 1 7% 7% 7% 4 Willys-Overiand 13 8% 8% 8% 4 Wilson&Co .70g 24 14 13% 13% - Woodward Ir 4 x 3 60 59% 60 4 vVoolworth 2a * 40% 46% 46% 4 Worthington 'lb 5 57% 57 57% 4 .vysnd Wor 4t»a 41 12 11% 11% 4 YALE k T 60a_ 1 34% 34V. 34% + York Coro .110 _ 3 12% 12% 12% 4 York Cn pf 2 % - 2 **'M **' • 36% 4 YoungSpr&W 1. 1 37% 17% 17V. 4 Yung8beetAT4 17 68% *7% *8 4 Youngs Stl Dr 1 2 1«% 1*% 19% ZENITH RA lg 3 21% 21 21*4 4 I Zonite Prod V.s 1 *4* 6% 6% Hourly Sale, on ths Kachans. Today i 100 am- 210 000 12:00 noon 340 l’OOpm. 500000 2:o0 put— 000 < • Unit of trading. 10 aAares. *In ka ruotcy or receivership, or oeipg reorgani under the Bankruptcy Act, or aocurl assumed t>7 such companies. Rates dividends in the foregoing table are ann disbursements based on the last quarti or semiannual declaration. Unless ott wist noted, special or extra dividends not Included. 1 Ex dividend xr lx rlgl a Alto extra or extras, b Plus stock d lend. <1 Cash or stock, e Paid last yi t Pa-able in stock, s Declared or paid [ar this year, h Payable in Canad undi. k Accumulated dividends paid leclared this year. Foreign Exchange | NEW YORK. Sept. 1 1 —Foreign 'change rates lollow iGreat Britain in j la i s. other* in cents»: ! Canadian dollar in New York open rr ' ket. P 13/16 per cent discount or PO.l 1 United S'ates cent*, up i'« of a cent, j Europe—GreV Britain. $4.02 13 16. of a cent; France .franc.». .64o cent, unchanged: Sweden (krona». 27 unchanged; Switzerland (franc) (comn etaj>. 23.40. unchanged. Latin America—Argentina free. 24 up 05 of $ cent: Brazil free. 3.50. changed; Mexico. 20.62. unchanged. \ Selected Stocks Gain, | But Many Leaders 2 Lack Support vi By Victor Eubank Associated Pross Financial Writer ■A NEW YORK, Sept. 11—Efforts Vt v» to extend Wednesday’s late stock £ market recovery encountered a lit *■* tie opposition today, and while as 2vi sorted Naders managed to edge 1/4 forward many issues lost their */e buoyancy. 1/fe i* Dealings, active at the start, soon ■A slowed, but early gains of a point 1/4 or so were maintained here and Vi there near the fourth hour, with % prices inclined to stiffen in most 22 departments. Vi The list still had the benefit of professional short covering on the idea that a further technical re vival was a probability, even if the V* main trend is downward. Specula tion again centered on commodi vi ties. Soaijng living costs' were viewed bearishlv because of the feelina that business, in the long run, would H suffer. International problems pro vided a cautionary argument. The '/> Bevin proposal to extend the lend lease program in lieu of diving up ■£ United States gold left Wall Street Vfc unruffled. 2 Quiet strength was exhibited by l such stocks as United States Smelt ing (on a raised dividend!. Amer * ‘can Woolen. Schenley, Publicker. Vt United States Gypsum. American ■A Telephone and Goodrich. The ma H ^°,rity ot steels, motors, rails and oils followed a narrow course. Oc V4 casional laggards included Santa Fe, American Can, Sears Roebuck. ik Westinghouse. International Nickel, *■* Anaconda, Bethlehem and Douglas Aircraft. K Bonds were steady. l/k Washington Exchange V» _F SALES. Vi WRshlnzton Gas $4.25 preferred—10 at v Garflnckel common, new—10 at lPVa ,* Terminal Refrigeration and Warehouse Corp.—20 at 50. Capital Transit 1st refunding 4s— Vfc at 104 Vs. BONDS 1 sj PUBLIC UTILITY. Am TAT CV rih i i ?jd* 7* C»P Transit 1st ref 4s 1984 !()4(a 108% ■A Citv A Suburban 6s 1948 101 i/4 Georgetown Gas Est os 1961 125 Pot Elec Po 3 Vis 1966 _ 105 Pot Elec Pow 3>/4s 1977 _ 110 >4, Washington Gas 6s I960 " 128 II-" 7* ^ MISCELLANEOUS. A Ter RfAW Cp 1st 4'/4s 1948 101% 101% STOCKS *4 PUBLIC UTILITY. i/» Amer Tel & Tel (9) _ *158 Capital Transit (2.001 _ *21 22 ,, N A W Steamboat <j4> 150 190 a Wash Gas Lt com (1.50) _ 22‘.i 24>/4 A Wash Gas Lt cu pfd (4.25) 106% Wash Gas Lt cu cv pf (4.50) 107 109 Wash Ry A El com (a27.0(l) 850 1,4 Wash Ry A El pfd (61 171(7 l"01-a 1/4 BANK AND TRUST COMPANIES Amer Sec A Tr (10) _ 28o 305 /• Bank of Bethesda ltl.00)_ 45 *A Capital (.80) 31 ,/ ?S.m * Savings new (tlO). 355 _ •A Liberty (81 _ __ 300 »A Lincoln (to) _ 330 II i/4 National Sav Tr (8,00) 397 1,4 Prince Georges B A Tr (tl) 28 IIII ,, Riggs (12) _ 310 a Union Trust Co. new (1.00)- 40 *A Washington (81 _ ! So 'A Wash J oan A Tr <12> 340 ‘A FIRE AND TITLE INSURANCE. “ American (ffi) _ __ _ 150 14 Columbia (t.30) - __ 13Vi 15 iA Firemen s (1.40) _ 32 _ National Union (.75) 14 I Real Estate (ffi) 190 •a MISCELLANEOUS. *A Carpel Corp. (2.001 ‘44 47 SA Garfin com new (1.50) *19 J9!a 1/4 Garfl n'/a% cu cv pf (1.375) *28 ii Garfl 4Va7c cu cv pf (1.125) •23‘i 24'a ,T Hecht Co itl.80) 24 25'4 a Hecht 3%% cu pfd (3.75) . 9P'/a 302 ** Lanston Mono (tl.OO) 18s» IPVi Mergenthaler Lino (al.50). *54 68 ■A Nat'l Mtge A Inv pfd (p.40) 8% 1/4 Peoples Dr St com (tl.80) *49Vi 1,4 Security Storage (45) ... . 108 __ 1,4 Ter Ref A Wh Corp (3) 45 ,, Wdwd A Loth com (12.00) 48 50 {7 Wdwd A Loth pfd (7) 125 A *Ex dividends. IPlus extra or extras. H a Paid so far rhis year, o Paid 1948. Chicago Grain L i/4 CHICAGO. Sept. 11 </P\.—Grains ab sorbed heavy selling at the outset on the Board of Trade today without showing any ,, - signs of breaking and then rallied as a ^jnew buying wave swept into the pits. j Buying was concentrated on wheat, and l/» all deliveries of the bread cereal advanced XA to new seasonal highs in a very active trade. May and July corn also reached I new seasonal peaks. However, no new sa ! records were set as September corn and lajoat8 held below yesterdays highs. * the start. Buying was based on a higher hog market, where a record pirce for 1 Chicago was set. and a sharp upturn in fourth-quarter fats and oils allocations. 14 Lard jumped 30 cents to $1.50 a hundred 14 pounds. Wheat near the end of the first hour J? was 4-*4-01 * cents higher. September. 2.83; * corn was 3 4 to 3 cents higher. September. Vi 2.623/4 and oats were V4 lower to l1* high er. September. 1.21 34. Vi Some selling at the start was based 14 on the Government corn crop estimate of ix 2.404.000.000 bushels, which was a de cline of only 33.000.000 bushels from the 7j Ai^gust 15 estimate Most, crop experts /* had expected a larger decline, with guesses Vi ranging as high as 100.000,000 bushels. Vi Fourth-quarter fats and oils allocations 2 totaled 425.000.000 pounds, compared with Vi 302.000.000 pounds in the third quarter The Increase was believed to represent a desire by the Government to substitute /; these foods for probable diminishing grain * exports. , _ , There were light rains overnight in Vi Kansas and other sections of the South »/$ west. This is considered highly desirable 1^4 from the standpoint of next year's winter wheat crop, particularly in view of the apparently unlimited international demand ., for grains. * Both November and March soybeans Vi were bid up to the R-cent limit without attiacting offerings during the early trari V4 ing. It was the sixth consecutive day in \/u which the November contract, now quoted 1^ at 3.31 Va, has advanced the daily limit. Chicago Livastock CHICAGO. Sept. 11 MA IUSDAV—Sala lA ble hoes. (1,000: total. »,000; early trad. with about 25-50 of early advance lost; good and choice 1 80-200-pound weights. 29.7 5-30.50; top. 30.50, freely for choice 20o-250-pound averages. 200-300 pounds. A 2H.75-30.25; heavier weights scarce; some Vi 450-47 5-pound big w eights, 25.00-25.50; Vi good and choice sows. 3f>o pounds down. *-'■ 25.7 5-27.25; few under 300 pounds. 27.50; y9 350-400 pounds. 24.50-26.26; 4(>0-45< pounds. 23.50-26.00. 2 Salable cattle—5.000: total. 5 3<»0: sal ^ able calves. TOO: total. 700: fed steers and heifers steady to 25 higher; receipts main I lv cows; cow market steady to weak bulls ! and vealers fully steady: no strictly choice *-4 steers here in load lots; best 34.50: odd Prime head, 35.50; most good and choice 14 steels and yearlinRs. 27.00-34.00; good and choice heifers. 26 00-30 50: top heif 77 ers. 31.25; cutter cows. 13.75 down; most A beef cows, 14.60-18.00; good cofs 21.60: *A practical outside on weighty sausage bulls. lA 19.25: vealers, 26.(to down; atock cattle V* very scarce. 14 Salable sheep—2.500: total. 3.600: 14 slaughter lambs steady to 25 lower: good ^ and choice native spring lambs. 25.00 25.25; top. 26.25. medium to good snrtnc JA lambs, 20.00-24.(10; common down to lA 17.00. few straight culls around 14.00; V* no Western spring lambs offered; not es *4 tabllshed on yearlings and slaughter ewes 1/. asking steady or up to 21.60 for good and .4 choice yearlings, but early bids r.onsider 77; ably lower on this class; best slaughter i ewes held above P.OO; part-deck cull ewes lA sold 6.60. Vi j ---- *;New York Produce if | NEW YORK. Sept. 11 Butter. 5T4 2 337: firm. Wholesale prices on bulk car 77 | tons: Creamery, higher than 92 score anr: A\premium marks (AA), 88 cents: 92 score (A), 84: 90 score <B). 7 8; 89 score <C* */a: 75. (New tubs usually command v2 cent *4 a pound >ver the bulk carton price > »/, Cheese, 564.422; steady, prices un changed. „ Eggs—19.088, firm Spot quotations M follow: (Based on wholesale sales by re ceivers to jobbers and large retailers.) ! Mixed colors, extra lancy. heavyweights. iw oror.; causa x auu .. inmc, cal**. >00 3 large, 55-56; extra 1 and 2 medium -w 50-54: standard 1 and 2 large. 51-54. standard 3 large. 49-50; current receipts. 4.3-46: dirties. .39-42: checks. 37-38 „} Whites Midwestern Nearby n®« Extra fancy, heavyweights 71-7.3 75 ®fj Extra 1 ana 2 large 66-70 • fi7 Extra .3 large -- 60-6.3 5i” Extra 4 large - 55-58 f7e Extra 1 and 2 medium 59-60 64-65 'if* Extra 1 and 2 pullets • 47-48 Ti" Extras 1 and 2 ceewees _ • .38 Browns ■ ~Z Extra fancy, heavyweights 6P-T0 72 Extras 1 and 2 large 6.3-65 • ®* , Extra .3 large 56-59 • Extras 1 and 2 medium 56-57 5P-6ti iKxtias 1 and 2 pullets • 44-45 , ! Extras I and 2 pet wees • .33-34 • Unquoted. d New York Cotton .r | NEW YORK. Sept. II —Cotton fu lure* were Arm today, with trading active 5/4 Textile mills were buyers, and there wa i commission house demand. Renewed up' strength in outside markets again limited f a' selling. 85. J Trade dealer* also bought cot ton, some ier-l interests believed against export sal*s of cotton to Japan. 88. Noon prices were >1.85 to 82.1 o » Ha' jn- higher than the previous clo-e. OcoVr. 31.84; December, 31.64, and March. 31.6a * Wholesale Food Index At New High Mark By tha Associated Press NEW YORK. Sept, 11.—Balloon ing food prices sent the Dun & Brad street wholesale food price index up 31 cents in the last week to a record high of $7.02 today. The index, representing the sum : total of the price per pound of 31 ! foods in general use. rose 4.6 per cent | in the week and stood 40.7 per cent above the $4.99 a year ago and 3.7 per cent above the previous peak i of $6.77 March 4. ! Of the 21 communities advancing during the week, butter rose 5H l cents, cottonseed oil 5 cents, lard 4 jcents and fresh beef 3's cents. Tidal Basin Boating Concession to Close The Tidal Basin boating conces sion operated by Government Serv ices, Inc, will close its summer sea son Sunday. Harry T. Thompson, acting superintendent of National Capital Parks, announced today. The Hains Point Teahouse, also operated by GSI, will close Septem ber 28, he said. Both concessions will reopen next spring. N. Y. Bond Market (Furnished by the Associated Press.) SELECTED LIST OF ISSUES. WORLD BANK Gt Nor 2* 82 , 95* IntBR&D 3s72 100 18Iq m&O 2044 B 57 IntBR&D21 ,57100 12'nud Coal 5s 62a 86* TREASURY 1:l5,Hud&M rl 5s 67 54 [2 '/as 7 2-67 Dec 102 24i 111 Bell 23,S 81 103 FOREIGN i .]5jIC43,s66 80 Australia:i*s82 92* ICC6tLou5a63a 91* : Canada 4s 60 104* IntGtNor 6s 52 22* ;Denmk5'2s55 89 Int G N Ist8s52 57* Norway 4*s 5H 100* IntHydroElfls44 99 ; Peru 2nd 6, 61 16* JCen P*L2’«s7 6102* SerbsCtsSl 7s 62 4* Lautro N Inc 75 91 I DOMESTIC 1:15 HAY8'48 ~°<?3 ”, Am T&T 23/,s6l 111* LehVl Trm 5s51 70* Am T&T 23„S 75100 M-K-T adl 5s67 62 A T 8 7 4s 63 128 Mo Pac 519 26* i Atl Cl 1 st 4s 52 106* Mo Pac 6s 77 F 79 B & O 6s 95 J 72 Mo Pac an 4s ,5 32Va Balt&05sK2000 58* Mor*E3*s200° 58* B & O cv 60 47* Nat steel 3s 60 -105’4 l Bel! Pa 5s 60 C 125* XX£I4A*12,013A Z\'Yl j Beth Stl23is .0101 NYCLS3*s88 67* ! Bost Me 4*9 70 52 NYConn2%«76 98* Best NYAL 4 S55 56* 5XS2a5 a* in onY! Brk UnGas4s60 105* ®°H BufRoch&P57st 64 N X*s”(T>?i"C 35* Can Nor 4*s 56113* ia f »" JT" Vs 65™ NYNhIh 4s'67 » Cent BUP4,4* 72 ii ■ e oa v mau NYWB 4 Vfes 4f> 12»/* C&U »l , 2S Wtl L fS _ os n_o 1 ^ , s ‘ PhiA-F 1 me Q? 35M, Nor St Pr -3«« < 4 102** 50* OrWsRRN 3s 60105 C- Q W 4 - 2 5 '•OtSD /B n n T3 n- I 1/ l n j i / Chi Gt Ws 4s 88 85 Vfr-' 1«4* CMStP4*s20!» 73 £ fa* CRIP1^ s 5"SA9 58* StLSF4'is2022 51* CR pi *60 !®HStL8Wr(6s90 86 r R IP 4S 88 81* 3eabln4*s2016 67 1 CRIP ft 4s 34 52* Sea A L 4s 06 100* Chi U nSt 3*s63 105 sheI1 Dn 2%»71 97* rhAW OB" 105 SoBT&T23,sS5 100* rW*T,V,''-1os* SoPac4'.isOr77- 99 i WB4-* -- 10744 30 P7 an 4s 56 96', I Comwl Ed 3s i i 107 otrfniiN io3' i 071 l oi c c*> inou StdOilNJ JJ«8,1 P7V* Cons Rv 4s55Ja' 51 TRRA;*tLV'fln Cons P 2*s 75 104* Third Ave 6s 60 47* D&RG3-4S93W1 79* Va Railwy 3s 05 105* ■ D&Rin4*201 8wi48* Wabash 3V,s 71 98* Dul SS&A 5s 37 36 WsPenPr3'2sR6 106* Erie 4'iS 2015 66 WstehLt 3 >, s67 10514 Erie 3* 00 F 88* West Un 5s 60 91* 1 FIrestnT&R3sfi 1103*1 Wise Cent 4s 49 70* N. Y. Curb Market LIST INCLUDES ONLY SELECTED ISSUES CHANGED FROM PREVIOUS CI.OSE. ltlOiKaiser-Frazer 774 Alreon Mfg Co 174,Lak’ Sn i«t 54g 1274 I Am Gas A El lb 37* Logans Distill _ 9'.4 : Anrhor Post <4 8 I Lone Star Gas 1 1914 ! Ark Nat Gas A 574 LouLandAEx SO 16 Atlas Corpww 574 Mead John ,80a 2574 BrwnF Dist ,80a 2074 MemphGas 1 Og 674 Bnk Hill A S Via 1674 Midi Stl n-cum2 301/4 .Callite Tung 274,Mol.vbdenum'i 774 Carr Con Blsc 1 774 Nat Bellas ,20g 3>/4 Catalin Am ,*0a lOVe NatPresaCook 2 32 CenASWCp.TO 10'4 New Mex A Ariz S'/4 Cities Service 3S‘/i Niagara Hud Pr 814 Colonial Airline 774} no Am Lt A Pwr 774 Colts Mfg ls4g 34 Pan Am Air war *i» ComnASou war par.tepec Oil .64 974 ■Cons Gas Util Vi 874 Pennroad o4e _ 6 } Cons Text 1.1.kg 12 jpepperell 3a ... 5474 Cont FdyAM Vi 1374 R-K-O opt war. 3 Creole Pet 1 95g 33>4 Raytheon Mfg ._ 774 CrownDrug.l Og 374 Richmond Rad 474 Cub At! Sug 2a 2074 Salt Dome Oil _ 874 El BondAShare. 1174 ^olar Aircraft 1074 i Eureka C Ltd 274 SoCalEd pf 1 OR 2874 : Fairchild E A A 3>4 Sun Ray D .O.kh 774 Fanstecl Mtl Y«e 1674 Textron Inc Vig 1274 Gellman Mfg 7 Tri-Conti w w ._ 274 Gen Plywd .80a 1974 Unit Gas ,R5g _ 17'4 Goldfield Cons. 74 Venez Syn ,10g 374 Hecla Min 1 11 iWag Bak vtc 7ig 10V4 HolC Gold ,18g 10 WestVaC&C >«g 1444 Int Prod 748- 16V4 Winnipeg El 7sg 1374 Rates of dividends in the foregoing table are annual disbursements based on the last Quarterly or semiannual declar Ition. 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, g Declared or paid so far this year, n New Issue, w w With warrants, k Accumulated dividends paid or declared this year, h Payable in Canadian funds, xw Without warrants. __ Dividends Announced NEW YORK, Sept. 11 t/P>.—Dividends declared: Pe- stock of Pay Raie. riod. record, able. Extra. Am Boxboard fcoc. . 10-11 11-1 Coca-C Bot A Cirn 81.25 . 9-15, 10-t Increased. Am Boxboard 50c Q 10-11 11-1 : U S Smelt * M 81 __ 9-25 10-15 Irregular. Mahoning Coal RR 812.50 - 9-22 10-1 Regular. | Am Brake Snoe . 00c ... 9-18 9-3C I Am Fork dr Hoe _ _ . 30c .. 12-1 12-If I Lehman Corp 30c 9-20 10-8 Radio-K-Orph - 30c Q 9-20 10-1 I United Lt dr Rys __ 25c. 10-9 10-23 United Shoe Mach 02,Ac Q 9-10 10-5 West Penn Pow 31 Vac 9-15 9-2t Coca-C Bot A Cinn 62‘/ac Q 9-15 10-1 Cont Bank dr Tr N Y 20c Q 9-12 10-1 Cream of Wheat .. 40c 9-22 10-1 Crystal Tissue . . _ 15c Q 9-20 9-30 i Gibson Art - -15c Q 9-.-0 10-1 Hanover Fire Tns N Y 30c Q 9-1 * 10-1 Lerner Stores 3IV2C Q 10-1 10-15 Seaboard Finance Del 35c 10-1 10-lt! , Smith A O 25c_1^-3 11-3 | International Minerals & Chemical ! Corp. profit for 12 months ended June 30 was $3,826,992 or $4.55 vs $2,925,657 or $3.92 in the preceding ' fiscal period. American Can Co. announced the purchase of a 46-acre site in Hill side. N. J.. for erection of a $10, 000,000 beer can factory. Niekel Plate Railroad elected Ed ward J. Fleming of Chicago and George M. Jones of Pittsburgh to the board. Rise in Auto Output Declared Temporary; Decline Expected By »h# Associated Press DETROIT. Sept. 11 — Motor, vehicle production in the United States this week will total 76.215 passenger cars and 26.605 trucks, the trade publication Automotive News predicted today. Canadian output will add 5.318 cars and trucks, the paper added, to bring the total for both countries to 108.138 units, and the highest weekly output since the wfeek ended last March 10, when the output of both aggregated 108.497 units. This week's United States produc tion compares with 59,822 cars and 19.897 trucks assembled last week, during which the Labor Day holiday held operations to four days. Automotive new's said that the car manufacturers "consider this week's near-record output 'a flash in the pan.’ ” The "Present steel picture,” the paper continued, "precludes even slight optimism for the future.!’ Continuation of a strike in the plant of the Carter Carburetor Co., occording to the trade publication, is forcing some car makers to ship vehicles to dealers without car buretors. bank Llearings Kise After Holiday Week By th* Associated Pr#M NEW YORK. Sept. 11.—Bank clearings in 24 leading cities totaled *12.009.805.000 in the week ended September 10. compared with *10. 124.835,000 in the holiday shortened previous week and *11.409.419.000 in the comparable week last year. Dun & Bradstreet reported today. Largest gains over last year were at Kansas City, Minneapolis and Omaha. General Manager Appliance Store We want a man with a successful record as buyer or mdse, manager of home opplionces. The earnings in this position will be well over SI 0,000 a year plus on interest in the business. This is one of the largest and best-known appliance stores in the east. Write in full confidence for personal interview to Bo* 29-D, Star. ~--S SAVINGS INSURED UP TO $5000 we welcome your account FEDERAL SAVINGS AND LOAN ASSOCIATION 1631 K Street N.W. EX. 0747 Formerly Columbia Permanent Building Association Organized 1903 ^ Market Averages STOCKS. .30 15 iR 99 L Indst. Rails. Util. 8tkj Net change _ . —.2 —.1 — 2 _ Today noon 90.3 33 3 42.6 34 Prev. day_ 90.5 33.7 42 8 64 Week ago _ 91.1 33.5 42 7 64. Month ago _ 92.6 34 4 42 6 65 Year ago _ 86.7 36.2 45.2 34. 1947 high _ 96.9 38.5 47.2 69. 1 947 low _ 83.2 27.7 40 6 58 BONDS. 20 10 10 10 IP Lo' Rails. Indst. Util Fgn. Yial Net change unc unc unc. .1 uni Today noon 93 6 103 0 104.6 60S 114 Prev. day 93.6 103 0 104.6 89 7 114. Week ago 93.9 103 3 104.8 709 114. Month ago 94.4 103 5 105 2 70.ft lit. Year ago . 96 ft 102.8 106 5 75 6 11* 1947 high 97.1 104.2 105.7 76.6 1 16. 1947 low 89.8 103 0 104 0 68.7 114 ■ Compiled by the Associated Press, t LOANS OH REAL ESTATE Varltaa pUaa. iMi-lua BMnthir iiranU. at ItitnUt rat* riur dud or non Max RENTALS—TALCS— IWSr*AJfC* GEORGE I. B0R6ER M l>4lt» An. N.W. !»A. MM f FIRST TRUST ' MONEY • LOW Ratoa • Long Torm Home*, Apartmaat* aW IiTHtant Propartba FHALOANS BOSS & PHELPS MORTGAGE CO. ^1417 l St. N.W. NA. Bsllg: Profit, and convenience long ago placed our sav ings investing plan among the most attractive avail able. Open a savings share account and deposit your surplus funds here. Ac counts insured to $5,000. ^Prudential 'Buildinq cAssotiatior 1331 0 $!, N.W. 01*6270 SuiTIKM-BH MORTGAGE LOANS FH A-GI-Construction 1 | Monthly Payment Loans INSURANCE Fire—Casualty—Bondi I RENTALS Property Management Buiineet Leatat H. L. RUST COMPANY r.tlablisheA 1999 1001 15th St. N.W. NAtionol 8100 ■SS5553SS55S5S5555S5555S55SSSSHHHSBBB1 This announcement appears for purposes of record only. These securities hone been placed privately through the undersigned and have not been and are not now being offered to the public. $500,or Southern Oxygen Company, Inc; WASHINGTON, D. C. 4% Sinking Fund Debentures due August 1, 1957 • JOHNSTON, LEMON & CO. SEPTEMBER 11, 1947 SOUTHERN BUILDING