Evening star. [volume] (Washington, D.C.) 1854-1972, September 26, 1947, Image 15

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Evening star. [volume], September 26, 1947, Page A-15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 26 Sept. 1947. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1947-09-26/ed-1/seq-15/>

Newspaper Page Text

Bank Loans Increase
Further in Fifth
*
Reserve District
By Edward C. Stone
In the four weeks ended August
13 commercial, industrial and agri
cultural loans in Fifth District re
porting banks increased by $9,000.00(
to £337.000,000, the Richmond Re
serve Bank reported today. Rea'
estate loans gained $5,000,000 te
total $154,000,000.
Holdings of Government obli
gations increased, due to a $12,000.
0u0 increase in Treasury bills helfl
by the banks. In the last half ol
July total deposits declined. Whole
sal* trade picked up as the inven
tory situation of small retailers im
proved, the report said.
In the first half year, building
permits made a better showing thar
building contracts, building cost!
still being too high for a sustiinec
volume of constructive activity,'th<
bank stated.
Business at High Level.
The Richmond Bank report!
business activity at high levels ir
the half year. Labor was almosi
fully occupied. Bank debits were
15 per cent higher than in the same
1946 period, an all-time record foi
these months. Business failure!
rose moderately.
"Die review says that retail furni
ture sales in Washington in Julj
were off 6 per cent from last yeai
and in the seven months 5 pei
cent. Sales of 67 stores in the
Fifth District were off 8 per cent
in both periods.
The wholesale trade report shows
that 192 firms had an average gair
over June of 17 per cent. Autc
supplies, electrical goods, paper anc
miscellaneous lines were in the
hp*^t ripmnnri T)rv crnnric calpc ntorc
down 7 per cent.
Rapport to Succeed Leggett.
Richard Rapport, Connecticut su
pervisor of State banks, was slatec
for election as president of the Na
tional Association of Supervisors oi
State Banks, to succeed Thomas W
Leggett of Arkansas, at the closing
Mayflower Hotel session today.
The Federal Reserve Board wa:
host to the supervisors at a dinnei
at the Statler last night, Chairman
Marriner S. Eccles presiding, as
sisted by Lawrence Clayton. Leon
ard W. Brockington, Ottawa, Can
ada, gave a brilliant address or
world affairs.
Bank Officers Elected.
The Bank of Commerce & Saving:
has elected those officers for the
coming year: Thomas J. Groom
president; Joseph Sanders, Franci:
E. Robey, vice presidents; Thoma:
J. Norris, cashier; John Monk, as
sistant vice president; Ernest R
Wilson, controller; William T. Bobb
George E. Cloe, T. Eugene Elgin
Frederick C. Loops, Robert M. Lyon
William W. Stiver, jr., assistant
cashiers; Robert E. Kendrick, jr.
auditor.
Robert V. Fleming left yesterdaj
for the ABA convention at Atlantic
City. The other delegates will leave
late,today or tomorrow.
Trading on the Washington Stock
Exchange was the most active of the
week today. Capital Transit 4s. Cap
ital Transit stock. Railway & Elec
tric preferred, ^Garflnckel common
and Woodward & Lothrop common
appeared on the board around recent
levels. Transit opened at 203i and
closed at 20.
i—. .
I Business Briefs
Money in Circulation declined to
$28,556,000,000 on September 24, a
drop of $77,000,000 from a week earl
ier,, but remained $108,000,000 above
a year earlier—Federal Reserve
Board.
Crude Rubber Consumption by
domestic manufacturers in seven
months of 1947 set a record of 650,
293 long tons, including 299,064 tons
of natural rubber and 351,229 of
synthetic—Rubber Manufacturers
Association. The seven months
total was 14% above the same 1946
period and was larger than for an\
previous full peacetime year.
Auto Factory Sales in August
totaled 261,158 passenger cars and
88.266 commercial vehicles vs. 279.
631 and 99,620 in July—Automobile
Manufacturers Association. Totals
for eight months were 2,262,180 and
815,332 vs. 1,097,065 and 525,045 a
year earlier.
Cocoa Bean Prices on the New
York spot market rose to 44 cents a
pound, a record high, while cocoa
futures advanced the full daily limit
Cleveland Electric Illuminating
Co. registered with the SEC 254,989
shares of no-par preferred stock
series 1947, to refund or replace
$4 50 preferred.
Erie Railroad asked ICC permis
sion to issue $6,850,000 of eo.uipment
trust certificates to finance equip
ment purchases.
peneral Electric Co. announced its
13-year-old profit-sharing plan foi
employes will end this year. The
plan has proven unsatisfactory as
an incentive, the company said.
Standard Oil Co. of Ohio stock
holders will vote October 21 on a
plan to increase common stock tc
5.000,000 shares from 3,250,000. The
firm would offer 584.320 new shares
to present holders at the rate of one
for each five held.
Interstate Power Co. application te
sell 2,132,223 common shares at $4.0f
a share and $19,400,000 of first mort
_- i . j j... 1 c\nn _ «. ^ ^ n
rejected by the SEC.
Union Pacific Railroad System
earned $29,821,157 or $12.22 a share
in eight months ended August 31 vs
$15,622,308 or $5.83 a year earlier.
New York Central Railroad System
reported net income of $2,718,446 oi
42 cents in eight months of 1947 vs
a deficit of $5,087,387 in the same
1946 period.
McKesson & Robbins, Inc., earnec
$9,694,558 or $5.39 in 12 month:
ended June 30 vs. $8,586,157 or $4.74
in the previous yean
Bates Mfg. Co. profit for 36 weekf
ended September 6 was $4,656,939 oi
$11.48 after a $450,000 reserve foi
contingencies, vs. $2,667,389 or $6.81
in the like 1946 period.
Eastern Gas & Fuel Associate:
earned $6,673,870 in 12 months endec
August 31 vs. $4,887,775 in the pre
vious year.
Colorado Fuel & Iron Corp. profi
for 12 months ended June 30 wa;
$4,329,991 vs. a loss of $334,751 in th<
preceding fiscal period.
Consolidated Laundries Corp. earn
*d $448,303 or $1.29 in 36 weeks endec
September 6 vs. $447,995 or $1.29 i
year earlier.
H. \¥. Gossard Co. profit for nine
months ended August 31 was $430,
548 or $1.99 vs. $276,508 or $1.28 il
the same 1946 period.
Consolidated Grocers' Corp. elect
ed S. M. Kennedy president, to sue
ceed Nathan Cummings, who be
comes board chairman.
Association of American Railroad:
announced that A. F. Cleveland wil
retire as vice president in charge c:
the traffic department September 30
N. Y. STOCK EXCHANGE
(Farnlihtd by the Anscibted Prra.) I Stlet—
Stock and Add Net
Dividend Rate. 00. High. Low. 2:30, chge.
ABBOTT LABiia 3 76 7574 75 -174
A C F-Brtll Mot 1 7*4 7*4 7*4
Adams Exp Tit 8 17 16*4 16*4 - 74
Addreso-M2.35g 1 36*4 367* 367*+ *4
Adm iralCorp V«g 2 77* 7 774 + 74
Air Reduction 1 10 28*4 28*4 28*4 - 74
Alaska Juneau 1 47a 474 474
Alleghany Corn . 28 37* 3*4 37*
Alleghany CD of 24 387* 37 38 +1
AllegLud 1.20g_ + 33*4 33 33 - >4
Allen Indust 1 10 247* 237* 247* + 74
Ai Chm * Dye 8 5 185 1B474 185
Allied Mills 2g__ 4 32*4 32*4 3274 + >4
Allied Stores 3 7 337* 327* 3374 + 74
Allis Chaim 1 60 17 3874 3 8 3874 + 74
Allis ChU pf 374 2 98 9774 98 - 7*
Amerada Pet 2 _ 3 7874 777* 777*
Am Agricul 3a.. 2 477* 47*4 47*4+ ‘/a
Am Airlines .. 27 87* 8*/a 8*4-74
Am Alrl pf 377 1 667* 667* 667* - 7*
AmBrShoe l.TOg 1 397* 397* 397* + 7*
Am Cable & Rad 17 5*4 5 574 + 74
tAm Can pf 7 1 18974 188 188 -174
Am Car&Fdy 3f 1 44'* 447* 4414 - 7*
AmCh&Cbl 1.40 4 2374 23'* 237* - 74
Am Chicle 2 3 50.74 507* 501* + 7*
tAm Crstl pf474 50 9874 9874 9874
AmCyanamid 1 a 9 447* 4414 4414 - >4
AmCyamid37ipf 7 113 11274 113 - 74
Am Distillers 2a 1 297* 297* 297* - >4
Am Export L 2.. 1 17 17 17
Am A Frn Pwr . 4 374 3 3
A&FP57 pfoUk. 1 92 92 92
Am & F P 2d pf 6 16*4 167* 1674 + >4
AmHide & L >ig 1 7*4 7*4 774 - ‘4
Am Home 1.20a 6 23*4 2374 2374
Am Internl ,20g. 3 12 12 12 - V*
Am Locoml 40a 5 21 2074 2074+ 74
Am Mch&Fd .80 4 2474 2474 2474 - 74
Am Metal 1 . 2 287* 287* 287* - VP
Am Molass .80 . 1 107* 107* 107* - >4
AmNewsCo 174a 2 31 31 ■ 31
Am Power * Lt 7 107* 10*4 107* + >4
Am P&L Sopff.k 1 9974 997* 997* - >4
AmRad&SS.Si's 12 1314 137* 1374 + ‘4
Am R Mill 174s. 8 3174 317* 3174+ 7*
tAm RM Df 474 20 103*4 103*4 10374 - 74
Am Safe Rar 1 a 1 107* 107* 107*
'AmShipBIdR 2a 180 39 3814 39 + 74
Am Sm & R 37ig 3 5974 5974 5974
•Am 8&R pf 7.. 10 166 166 166 - 74
Am Suma T 4 . 2 5 6 557* 56 + >4
Am Tel A Tel 0. 4 15774 157*4 15774 - 7*
Am Tobacco 3a 2 72 72 72 — ‘4
Am Tobac B 3a 3 3 7274 7274 7274 - 74
•Am Tob of 6 . _ 90 155 15474 15414 - 74
Am Viscose 2 4 491/* 49 49' *
Am Water Wks 24 1574 1574 157*
Am Wool 674* _. 12 4414 4374 44 +
Am Wool pf 7 1 1017* 10174 1017* +174
o.ock ana Aaa Net
Dividend Rate. 00. High. Low. 2:30. ehte.
FirestoneTire *g 7 50** 50 50 - Vi
Firth Carpet la 1 1544 1544 154* - Vi
FUntkote lg 13 3544 35 35 - >4
tFllntkote pf 4 . 40 107 107 107 - 4*
Florida Pow i 1 144* 144* 144*
FollansbStl 1 74* 6 27 26Vi 27
Food Fair St 40 1 1074 10*4 1074 - >4
Food Mach 17a* 2 744* 7474 7474 - 4*
'Food Mch pf»74140 10474 103 103
Foater Wheel 1. 1 24V4 24*4 24*4
►Post W 6pf 174 30 2574 2574 2574
Francis Sug 2g. 2 1674 16 167* + >4
Freeport SuI27» 1 3974 3 974 3 97* - 7*
Froedt GAM 7aa 1 14 14 14
FrrehattT Tra l 14 2 144 2 1 2 14* + 44
GABRIEL .45*.. 1 974 974 974 - 74
GAIR ROBERT. 4 84* 8*4 8*4 - *4
GalrRpf 1.20.. 1 1944 1944 1944
GameweUCol. 1 15 15 15 - 74
Gard Denver 1. 4 1974 1944 1944 + 74
G*r Wood Ind 1 574 574 5‘*
Gaylord Cnt 174 10 2044 20 2044+ 74
(ienAmlnvl 48e 10 1444 1444 1444
Gen Am Trans 3 7 55Vi 5574 5574 + V4
Gen Bakin* ho 2 10 10 ~ 10
'C-en Bakt of 8 60 18174 18174 181*4 + 74
Gen Cable 74g . 8 114* 1174 1144
'Gen Cigar pf 7 10 151 151 151
Gen Blec 1.80.. 25 3544 3544 3544 - 7*
Gen Foods 2 . 9 3 8 3744 38
Gen Mills 174a 1 4*74 4674 4674 + Vi
Gen Kotor 2>/«g 26 5744 5774 57V4
Gen Mot pf 6 6 12674 126 126 - 44
Gen Mot nf 344. 3 104*4 104 104 -1
Gen Out Advt 12 16 16 16
Gen Precis Bo 1 6 17 1644 1674 — 74
GenPubfivc lSe 1 24* 24* 24* + *4
Gen Pub Dt .80. 7 14 1374 1374- 7*
Gen Real tt Util 11 474 474 474 + 74
GenRefrac 1V«*. 1 2744 2744 2744
Gen Shoe 274 5 294* 294* 294*
*GenStlCpf47ik 10 11074 110*4 110*/a - *4
Gen Telepb 2 1 31 31 31 + >/«
'GenTlme pf4'/« 10 10174 10174 10174
Gen Tlre&R la 5 2574 25*4 25*4 - 74
Gillette 8 R 2*4 1 28 28 28 - 44
Glmbel Bros 2b 8 2244 2274 2274 - *4
Glldden Co 2.40 3 454* <544 454* + 7*
Glidn cv pf 2 V« 3 58 577* 58 + */«
Goodrich B F 3g 5 54*4 534* 5374 - 4*
Goodrich pf 6 . 2 102*4 102*4 102*4
GoodrearT&R« 14 44*4 4474 44*4
Goodyear pf 6 .. 2 1054* 1054* 1054*
’.ranam-Palge 15 4 374 374 - 74
Granite CStl'Aa 6 1974 1 944 1 944 + 74
♦Anac Wire (P/*g640 61% 60% 61V. + %
♦Anchor Hk pf4 10 108% 108% 108% - %
Andersn Clay 2a 4 53 51% 53 +1
Ander-Pricb O l 1 17% 17% 17% - %
A P W Products 8 4 4 4 — %
Armour & Co 22 13% 13% 13%
Armour pr pf 6 2 106 106 106 +1
ArmsCork 1.20* 2 47% 47% 47%-%
♦ Armstrng pf.3% 50 106% 106% 106% - %
Assd Dry G 1.60 2 14% 14% 14% + %
As Invest n 1.80 1 33% 33% 33%+%
Atch T & S F 6 1 81% 81% 81% + %
Atch T<kSF pf 5 1 102% 102% 102% - %
A T F Inc %g 5 14% 14% 14%
Atl G&W Ind 3e 1 26 26 26
Atl Refining 1% 1 32% 32% 32%+%
♦Atl Reflng pf 4 40 112 112 112 - %
♦Atl Ref pfB3% 20 103 103 103
Atlas <Co’T> 160 2 23% 23 23 -%
tAtlasPwdr lVag 70 67% 67 67%+ %
Austin Nichols 2 7% 7% 7% - %
Autocar Co l%g 1 20 20 20
Auto Canteen 1. 1 21% 21% 21%-%
AvcoMfg.lOa 8 4% 4% 4%
Avco Mfz Of 2% 2 40% 40% 40%-1
BALD LOCO Vag 2 16% 16% 16% + %
Balt A Ohio 27 13 12% 12%
I Salto & Ohio of 3 10% 18% 10%
♦Bang & Ar of 5 70 66 66 66
Barnsdall Oil la 7 28% 28% 28%-%
Bath Ir W 134g 1 13% 13% 13%+%
i Bayuk Cigar 78g 3 21% 21% 21%
Beatrice Fds 2a. 2 45% 45% 45%-%
♦Beat Fds pf334 20 101 100% 101
Beaunit Mills 2. 1 19 19 19 + %
tBeck Sh pf 4% 20 106 106 106 + %
Beech-NPacl 40 1 31% 31% 31%
Welding-Hem 1 9 15% 15 15% + %
' Bell Aircraft . 3 12% 12% 12%
Bendlx Avlat 2 0 30% 30 30% + %
Bendix H A lV«g 2 18% 18% 18% - %
Benef Ind 1.20a 2 25% 25 25%
Best & Co 2a 3 26% 26% 26%
BestFoods 1.20a 1 28% 20% 28%
Beth 8teel 6 2 86% 85% 86% - %
Bigelow-San 3g. 1 56% 56% 56%+1%
Bliss E Wig 5 29% 29% 29%
Bliss E W of 2*4 3 54% 54% 54%
♦ Blmingdale 2% 1 36 36 36 +%
Boeing Air lg2 19% 19% 19%-%
♦Bon Anti A 4 40 95 95 95 -1%
BordenC 1.80g 6 42% 42 42%+%
Borg-Warn 2.60 13 52 51% 52 + %
Bower Roll B 2 1 35% 35% 35%
Grant (WT) la 10 26% 26% 26%+ %
tGrantWT Pf35» 20 104% 104% 104% + %
GlNoriOctle 11 16% 16 16%+ %
■iNnr Ps o(3 5 39% 39% 39%-%
Green HL 2 _. 10 32% 32 32% - %
Greyhound V«h 19 9% 9% 9%
tQreyhnd pf 41.330 102% 102% 102% - %
GruAirEng l%g 3 27% 27% 27% - %
GuantanSua V-a 1 6% 6% 6% + %
Gulf MobA-Oh.r 11 12 11% 11% - %
GulfMoAOh pfo 3 47% 46% 46% + %
Gull OH la 12 67% 67 67%-%
Gulf Sta Util 5 15% 15% 13% + %
HARBaWLKl '/.B 1 24% 24% 24%
Hayes Indust 5 7% 7% 7%
Hayes Mfa Co 2' 6% 6»% 6%
tHecht Co pf3’/« 10 99% 99% 99% - %
Heine x.80 3 39 39 39 - %
Hercul Pdrl .OSa 1 52 52 52
Hersh Ch n Vih. 1 37% 37% 37%
tHersh cv of 4a. 20 127% 127% 127% + %
Hilton Hotel l._ 1 11% 11% 11%
Holly Sual .. 1 U 18 18
Homestafcel%a 1 45 45 45
Houd-Hersh %a 2 16% 16% 16% - %
HousehldF 1.80a* 3 34% 33% 34%+ %
'Housrhld P!3%x40 104% 104% 104% +1
Houston LAP 2. 7 42% 42% 42% + %
Houston OH Va*. 5 22% 22% 22%
Hudson A Man 3 4 4 4 — %
Hud Bay M2 Via 1 35% 35% 35% - %
Hudson Mot 40 15 17% 17% 17% + %
Hunt Foods l._. 1 20% 20% 20% + %
lupnCoro 8 4 4 4
IDAHO PO 1.35a 1 35% 35% 35% - %
III Central 29 26% 25% 25%
111 Central pf 5 58 58 58
111 Term RR .72 3 9 8% 8%
IndPrALtlVa. 2 25 25 25
Indust Ray l%a 2 42% 42% 42%-%
Inland Stl 1.40a 8 36% 36 36%
Inspira COD l’/4* 2 15% 15% 15%-%
Inter Chem 1 Via 1 43 43 43
Int Bus Mch 6 . 1 214 214 214 -1
Int Harvester 4. 7 85 84% 84%- %
tint Harv pf 7. 70 181 180 181 — %
Int Hydro XI A. 5 6% 6% 6% + %
Int MACh 1.60. 10 29% 28% 29% - %
Int Minina_ 4 4% 4 4% + %
Int Nickel 1 60. 10 27% 27% 27% - %
Brmgpt Br .oug 13% 1.3% 13% + l/4
Briggs MIg 2 4 32% 31% 32 + %
Briggs&Stra 1 a 3 27 27 27
Bristol-My P2g 1 37 37 37
BklynUGasl .20g 7 10% 10% 18%-%
Bucy-Erie .96g 6 19% 18% 19 + %
Budd Co _ 12 10% 10% 10% - %
Bullard Co_ 2 17% 17% 17%
Burling Mills la 13 19% 19 19% + %
Burr Ad M .60 23 13% 13 13 - %
Bush Term 36g 4 8 8 8 + %
Butler Bro 65g_ 4 13% 13% 13%
Butte C & Z 1 3% 3% 3% — %
Byron Jack 1.40 3 25 25 25 + %
CALLAHAN ZIN 5 2 2 2
Calumet AH .40g 1 7% 7% 7% + %
Can Dry GA .60. 12 15% 15% 15®% - %
Canad PaclV4g- 11 11 10% 11 + %
Cannon Milla 5g 1 73*% 73»% 73% - %
Carpenters 2 Vag 1 42 42 42 -1
Carrier Coro 1 18*% 18% 18% + %
Case J I Co 1.60 1 37% 37% 37%+%
Caterplllr Tr 3 6 53% 53 53% + %
CelaneseCp .90g 17 245/e 24% 24% — %
Celotex Cp l.V8g 5 28% 28% 28%-%
Cent Aguir lV2a X 5 1Q*/b 18% 18% + %
Cent Foundry 4 9% 8% 8% — %
CentHudGas .52 1 8% 8% 8%
:errn de P*s *’ 4 30 30 30
Certainteed .60 . 10 17 16% 17 + %
:namoP*Fla 3 23% 23 23%
Ches & Ohio 3b . 7 45% 44% 44% - %
Chi Corp .40_ 3 7% 7% 7%
Chi A E III A __ 5 0% 8% 8%
Chi M SFAPac 6 9 0% 8% + %
CMS PAP pfTVag 2 31% 30*/* 30%
ChlANWle 3 18% 18% 18%
Chi * N W of Re 2 41 41 41 + %
ChiPneuTool 2g 1 30 30 30 +
Childs Co • 2 5 5 5
Chrysler 34b 51 58% 57% 58 - %
Cin G&E1 1,05g 11 26% 25% 26%-%
Cin Mill M 1.40. 2 23% 23% 73%
C I T Finance 2 5 44 43% 43% - %
City IceAFuel 2 4 30% 30% 30% + %
City Invest .45g 1 10% 10% 10% + %
City Stores 1 20 1 16% 16** 16%
Clark Equip %h 1 295/a 29% 29»/8
Clev El Ilium 2 14 41% 40% 41% - %
rM»v nr«r»h 1 Art 1 *91A XO XOIA J. 1
int Paper 3- 90 527* 517* 5274+17*
Int Paper of 4.. 1 104 104 104 -174
Int Ry Cen 7m. 6 1274 127* 127*
Int Silver 4Vat. 4 58 57 57—74
int Tel Sc Tei 199 127* 114* 127* + 7*
Int TAT for er 15 127* 117* 127*+ 7*
IslandCkCoal 3* 2 52 52 52
JACOBS PL 4 8 77* 77* - 74
Jewel Tea 2.4<ia 1 44 44 44
Johns-Man 60h 9 427* 4174 42 - 74
Johnson A J .30 6 25 25 25 -1
t JohnsonAJ pfl 80 10814 108* 108+ - 74
Jones A L St] 2 8 327* 32 32
Jones A L pf A 5 2 94 94 94 -1*
Joy Manf 1.20a « 37* 3774 377*- +
KALAM SAP.80 2 157* 15* 15*
tKCPALt Df3 80 20 104* 104* 104* -1+
ICayser J l'/4f . 1 li 16 16 - *
Kennecott 2 Vet. 15 437* 437* 437*-*
KlmhrlJ Cl 1.40 2 23* 23* 23* - *
’Klmb-Clrk pf * 140 109 108 108 -1*
Koppers Co 1.60 3 34* 3374 34*
Kresge SS 1 74*. 8 37* 37* 37*
Kress (S H) 2a.. 1 49* 49* 49* -1*
Kroger Co 2.40 9 48 477* 48 + *
LACLEDE G .20 8 5* 5* 57* + *
Lambert Co 2a.. 4 25* 25 25 - *
Lane Bryant 1.. 3 11* 11 11* + *
Lee Ruhr ATI 2a. 5 45* 4374 45* +2*
Lehigh C Sc N 1. 2 1074 1074 1074 + *
LehPortCem 174 • 35* 35* 35* - *
Leh Valley Coal. 4 2* 2* 2*
Leh V Coal 1 PM 1 20* 20+ 20*
Lehman C 4.55* 1 45* 45* 45* - 7*
Lehn A Pink __ 1 12+ 12+ 12*- *
Lerrer Stra 174. 1 19* 19* 1974- *
Libby Glass 2 .. 7 50* 50* 50*
LIh McNAL Tig 6 87* 8* 8*
Life Saver 1.1 Og 2 34* 3474 34*-*
Liggett A Myr 4 1 87* 87* 8774 -174
‘Llgg A M p( 7 150 18374 18574 185* -1*
Lima Lorom 2a 3 S3* 53* 53* + *
Link-Eelt 3_ 1 53* 53* 53*
Lion 011 174 _ x 1 25* 25* 25*+ *
Lockheed Aire 3 13* 1314 13* - *
boew’c Inc 1 * 19 19* 19* 19* + *
bone StarC 3*a 4 6374 6574 65* — *
Long-Bell L.45k 14 24* 23* 24 + *
borrllard Prod I 3 17* 177a 17* + *
bOUlSVilAN 3 52 1 4374 43* 43* - *
Lowensteln 174a 5 2 3 * 2374 2 3* + *
MACK TR .Tig 2 53 53 53
Macy R H 2a 4 35* 35* 35* - *
Mad So Gar i 2 13* 13* 13*
Manati Sug 74* 2 9* 9* 974 - 74
Marathon Crp 1 3 22* 22* 22* - *
Marine Midi 74* 8 6* 6* 6*
'MarketStRy pr 20 13* 13* 13*
Marahll Fid 2a 4 27* 28* 26* - *
MarshFld DI474. 20 108 108 108
Martin G L _ 3 16* 16 16*
Mart-Parry ,60a 16 23* 23+ 23* + *
Masonite Cp la. 3 50* 50 50
Master El 2.40.. 4 22* 22 22* + *
Mathles Aik 1* 2 32* 32* 32*-*
Jay Dept stra 8 4 40* 40* 40*+ *
tMayStrs Pfn374 80 98 98 98
Maytag Co v«e_. 2 10* 10* 10*+ *
McCrory 1,40a. 3 28* 28* 28*+ *
MrGraw Elec 2a 1 39 39 39
McGrawHill 34* 1 25* 25* 25* + *
MToln + uva « J11 « 8C BE cc cc
ClimaxMol 1 20 7 17% 17% 17% + %
Clinton Ind 2.40 1 36% 36% 36%-%
Cluett Pbdy l'/'agxr9 38% 38% 38%-%
Clu Peabody rt 173 % % % — %
Colgate-P-P 2a. 4 46% 46% 46%
Colonial Mills 1. 2 19% 19% 19% + %
Col Fuel &Irl_ 2 14% 14% 14%
Col Fuelilr Df 1 3 17% 17% 17% - %
ColGas*Elec .00 38 11% 11% 11%
Colum Csrbn 2 2 36% 36% 36% - %
ColASOhE 2.85* 1 42 42 42
Cornel Credit 2 3 44 44 44
’Coml Cr of3 8C190 107 105% 105% -1%
Coml Solv %* 6 23% 23% 23% - %
| CorowIttiEd 1.40 10 29% 29% 29% - %
Comwl * South 39 3% 3% 3%
Com&So Df 12k 3 112% 112 112 - %
Congoieum-N Is 2 28% 28% 28%
Cons Cop Iftg 3 5% 5% 5%+ %
Cons Edls 1 60. 15 25% 25 25
Cons Edls Dfft 2 106% 106% 106%
Cons Nat Gas 2 16 48% 47% 48% +1%
ConsRRCuba Df 3 21% 21% 21%+ %
Cons R St 1.60a 1 14% 14% 14%
Cons Vultee . 5 14 13% 13% - %
ConsumPwl Vig 1 35% 35% 35%
Container Cp 3t 1 41% 41% 41% - %
Cont Baking 1 4 14% 14 14% + %
Cont Can 1_ 14 34% 34% 34%
Cont Insurnc 2. 2 49% 49% 49% - %
Cont Mo‘ors 10 7% 7 7 — %
OontOtl Del lVi* 23 45 44% 45
Cont Steel %g 1 15% 15% 15%
Cooper-Bess ‘/tg 3 23% 23 23
C’ODOrwidStl no 15 16% 15% 16% +1%
Corn Products 3 3 62% 62% 62%
Comell-D E .80 1 15 15 15 - %
CornlngGlass % 1 23% 23% 23% - %
Coty Int "Os .. 1 3% 3% 3%- %
Crane Co 1.60 5 33 32% 32% - %
CrownZell 1.70* 3 30% 30% 30%+%
'CrwnZeUer pf4 60 115 115 115 -1%
Crucible Bteel 1 27 27 27
Crucible Stl of 6 1 78% 78% 78% - %
tcuba R R of 100 30% 30% 30% - %
Cub-Am Sug 2i 3 15% 15% 15% - %
CudahyPk n.flOa 6 16% 16% 16%
Cuneo Press %g 2 17 17 17
Curtis Publish 14 10 9% 9% + %
Curt-Wrlght %e 3 5% 5% 5% - %
Cutlr-Hm 1.20a 1 27 27 27 + %
DANA CORF %h 10 25% 25 25
DaytnP&L 1.35g '1 30% 30% 30%
DaytonRub POg 3 13% 12% 13% + %
Decca Records l IS 12 11% 11% -1%
' Deer. RkO 1.20* 2 34% 34% 34%-%
Deere* Co %*_ 13 39 38% 38%-1%
Deer* pf 1.40 _ 1 34% 34% ,34% - %
Del Lack * Wn 10 7% 7% 7% - %
DenARGWct 8 11% 11 11%+%
CiRQWtlet. 24 39 37% 39 +2
Det Edls 1:20b 4 23% 23% 23%
DetMlehSto.80a 1 13 13 13
Dl* Match lVia. 2 37% 37 37 - %
Dlst Co-Sea 60 10 15 14% 15
i Doehler-Jarvisl 1 35% 35% 35%+ %
Dome Min 1.02* xl5 20% 20 20%+%
Douglas Air 7%e 1 58% 58% 58% + %
Dow Chem >ih 18 37% 36% 37% + %
Dow Ch 2 pf 314 4 102% 102% 102% - V4
Dresser Tndust 1 17% 17% 17% — %
Dunlancrp 80b 1 34 34 34
; DuPont de N 6a 1 188 188 188
' Du Pont of 4'4 1 127% 1271% 127% - %
DuPont3%pf.TV 1105 105 105 -%
tDuu Light pf 5 10 112% 112% 112% + %
’ EAGLE-P 1,20a 4 23% 23 23 - %
[ Eastern AirL Vi 5 18 17% 17% - %
. FstmanKod 1 40 8 44% 43% 44 + %
Elastic StoD Nut 1 5% 5% 5% - %
Elee Boat %g .. 1 13% 13% 13%
' El * Music 08* 1 2% 2% 2%
El Power * Lt 21 18% 18% 18%+ %
ElecP&L S7pfTk 6 166 164 164 -2
I El P&L SS pf fik 3 152 152 152 -2
El Paso NG 2 40 1 56% 56% 56%
Emer El M ,60g 1 13% 13% 13% - %
Emer Radio 1 1 16 16 16 - %
Brie R R 1 10 9% 9% 9%
Eureka Will % 3 8% 8% 8% - %
Evans Prod Via 121 21 21 + %
versr.ro 120* x 1 13% 13% 13%
i FARNSWORTH. 5 6% 6% 6%
Fed Lt * Trae . 2 25% 25% 25%
■ Fed Mogul ,40h . 2 18% 18% 18% - %
Fedtrat D8t 1% 5 14 23% 24 + %
• FerroEnam 9ftg 2 23 23 23 - %
k
\
TcKess&R 2.40 4 33% 33% 33%-%
McLe llan Sir la 1 20 20 20 - %
Mead Crp 1.05* 2 20% 20% 20%
Melville bh 1 60 13 23% 23% 23%
Meu*e! Co la 2 16% 16% 16% - %
Uencel 5 pf2Vi 10 59% 59% 59%
Merck&Co 1 40 4 49 49 49 - %
Merck&Co pfil'i 2 101% 101% 101% + %
Wests Mach 2% 4 43 43 43
Wld-ConPetl '<.* a 41% 41% 41% + %
Minn-H R* l'/a* 1 58% S8% 53%
Mlnn-Mollne 11 11% 11% 11%
IMin-Mo pf4%k 140 120 119 120 +2
M SP&SSMA la 2 10 10 10 + %
Min Minin* 1.40 1 67 67 67
Mission Crp Vi* 39 43 40% 42% +1%
Mo-Kar.-Tex Pf 1 16% 16% 16% + %
Mohawk Carp 2 2 35% 35% 35% + %
Monsanto Ch 2. 15 59% 59% 59% - %
Monte Ward 2a 12 55% 54% 55
Moore-MeC L 2 20 30% 30 30 + !%
Morrell ACo 1 Vi. 1 25% 25% 25%+%
Motorola .80* 1 12% 12% 12% + %
Motor Trod l'i* 1 22 22 22
Muel Brass ,»0h 3 19% 19% 19%
Mullins Mfg Vi* 7 23% 23% 23% + %
Munsln*wearVi* 2 12 12 12 + %
MurphrGC 1 Via 3 35% 35% 35% + %
Murray Corp %* 11 12% 12% 12%+ %
MurrayCorp pf2 1 40 40 40 + %
NASH-KEL VI* 2 16 15% 16 + %
•Nash Chat&StL 50 21 21 21
Nat Aeme 2 1 27 27 27 + %
Nat Airline* 2 11% 11% 11%
Nat Batry 1.40* 8 31% 31 31%+ %
Nat Biscuit 1 >i« 13 30% 29% 29% - %
Nat C!t» Lines I 2 9% 9% 9'/* + %
NatContain 1.20 8 13% 13% 13*%
.'at Dairy 1.80 16 30% 30% 30%+ %
Nat Dept Str 1 a 2 15% 15% 15%
Nat DtatUlers £ 22 22% 21*% 22
Nat Gyoam '/«* 8 19% 19% 19% + %
•Nat Gyp pf 4 Vi 100 104% 104 104 - %
Nat Lead %a 1 30% 30% 30%'
•Nat Ld pf A 7 10 184% 184% 184% -1%
NatMalAStl .46* 1 19% 19% 19% + %
Nat Pow * L 10 1% 1 1
Natl Steel 4 2 83% 83 83% + %
Nat Su* Re 1.60 1 24 24 24
NatBupoiy 7 18 17% 18
•Nat8uppf4Vi 20 98% 98% 98%
Nat Sup 12 Pf 2 3 17% 17% 17% - %
Nat Vul Ftbr .80 2 13% 13% 13% - %
Nehi Corp 1_ 5 20% 20% 20% - %
NelsnerBro 80a 1 14% 14% 14% — %
NewberriJJ 1 Vi* 7 29% 29% 29%-%
Newrat Mn 1 Vi*. 1 38% 38% 38%
NewPt Indust 2 1 26% 26% 26% - %
tNewptIndpf4'/i 10 96 96 96
Newot NS l'i* 12 22% 22% 22%-%
NY Air Brk 2'i* 2 42% 42 42%
• - trai RR 1« 14% 14% 14% + %
NY Chi&St Lid 1 31 32 32 - %
NYC&StLpfiJVik 1119% 119% 119% - %
NYCOmnibutVic 4 13% 13 13%+ %
NY NH&H pf wl 47 25 24% 25 + %
N Y Shiobld *•* 15 15% 15 15% - %
Norf& Western. 1 58% 58% 58%+ %
.oAmAviale 2 8 7% 8 + %
Nor Am Co lb 11 23% 23% 23%+%
No Nat Gas new 2 28% 28% 28% + %
.01 ill Panne .'* 14 20 19% 20 + %
Northwest Alrl 9 13% 13% 13% + %
NrthwAir pfl.16 1 23 23 523 + %
•Northw Tel 3 90 36 36 36
NorwalkT&RVi* 17 7 7
OHIO OIL Via . 11 25% 25% 25%
Oliver Coin %e_ 7 23% 23% 23% - %
•Oliver Pf 4% .. 10 102 102 102
•Omnibus pf 8 10 100% 100% 100%
Oppenheim 1%* 2 17 17 17 - %
Otis Eleva 1.35* 6 29% 28% 28%-%
OutboardM .90* 1 22% 22% 22%
Owen-DIGICV** 1 72% 72% 72%+ %
PAC A PISH 1 tif 5 15% 15% 15%
Pme Gas A Pic % 10 38% 38% 38% - %
A A
— 4
Bales
Stock and Add Net
Dividend Rate. 00. Hiah. Low. 8:30. ehte.
Pac Mllle X X 33% 33% 33% + %
♦Pac TAT 2.30a 110 101 100 100 - %
♦Pac TelXeT pf 0x10 157% 157% 157% + %
PacTinCone... 1 4% 4% 4% + %
Pac West Oil... 37 44*4 42 43%+2%
Packard M 15a *1 4% 4% 414 + %
Pan Am Air . 10 914 -9% 9% + %
PanhdEPL 2 lie 3 51 5014 51 + %
Panhandle PAR 7 6% 614 6%
’aramrt F-lct k. 56 2214 22% 22%+ %
PmrkATUford 3. 1 4014 40% 4014 - %
Park Utah C M. 3 2% 2% 2% - %
Penney <JC> 2a 3 4214 4214 4214
Ptnn-Cent Alrl 3 7% 7% 7% + %
I ’enn CoalACoke 18 15% 14% 15% +1
Penn PAL 1.20. 43 19% i» 19 - %
Penn R R Via 23 18 17% 17% - %
i Peoplea Dr l .60 1 51% 51% 51%-%
Peoria A Eastrn 2 10% 10% 10%+ %
Pepsl-cola .70a. 16 2814 20% 28% + %
Pet Milk 1 1 29% 29% 29% - 14
Petrol Corp .20a 1 10 10 10
PfeifferBrew la. 3 18% 16 16
’fire- c&i.o 2a 7 43% 42% 42% - %
PhelDodfe2.40r 7 41% 41% 41%+ %
♦PhiiaCott pf 3 50 55 55 55
♦Phil Co 86 pf 6 20 101 101 101
PhUa elect 1 20 7 23% 23% 23%+ %
Phil Elec PI3 *0 3 107% 10714 107% + %
Phila 11 81 pf 1 3 29% 28% .29%
PhllARCAIltte 11 15% 15% 15%+ %
Philcdecorp 1 % 5 28% 28% 28% + %
♦PhUcO Of 3Vi 50 95% *5% 95% + %
Philip Mor 1 Via xlO 29% 29% 29% - %
Phillips Petrel 3 7 56% 56% 56%
Pillsbury Mills 2 1 35% 35% 33% + %
PurCtACn %e 4 13% 13% 13% + %
♦Pitts CAC pf 5 30 94% 94% 94%
•itConCoal 1 40 9 29% 29 29% + %
Pitts Pi Ol 70s. 2 37 37 37 - %
Pitt Screw ,56a. 1 8% 8% 8%
Pitt Steel_ 3 13% 13 13% + %
PittstonCo ... 36 35% 34% 34%+ %
Poor A CO B 1_ 1 14 14 14 + %
Pressed Stl Car 18 10% 10 10 - %
PressStl C pf2V« 2 36 35% 35% - %
Proe A Gam 3a 6 66% 66% 66% - %
Pub SvcCol 1 66 5 35% 35% 35%
Pub S N J 1.40. 7 22% 22% 22%+ %
♦ Pub SvcNJ pf7 30 129% *29 129%
♦Pub SvcNJ pf6 80 116% 116% 116% + %
♦ Pub 8vc NJ oft, 210 107% 106% 106% -1%
ublicker Ind__ 8 24% 23% 23% - %
Pullman 114a_ 5 53 52% 53 +%
Pure Oil 1 ... 12 25% 25 25%+ %
Purity Bak 2.40 1 3C% 30% 30% - %
RADIO CP .20* 12 8 7% 8 + %
ta-Ktn-O 1 20 19 11 10% 18%+%
Raybestos-M 2a 1 30 30 30 + %
Rayonierlnc >2ax 7 27% 26% 26%
-teadinc Co 1 1 19% 19% 19%
Rem-Rand Vih. 6 14% 1+4 14%+%
teuAvietion 7 7% 7% 7% + %
Republic Picture 8 4% +4 4*4 — %
Repub Piet pf 1. 3 11% 11% 11%-%
,<cpua Steel la 12 26% 15% 25%+ %
Rep Steel of A 8 1111 111 111 - %
Revere Copr Via 8 19% 19% 19%
Rexall Drug_ 16 7% 7 7
^awnnliic A 41(+ 411/. 411/.
Reynolds Sprint 1 10% 10% 10% - %
Reyn TB 1.16*. 6 40 39% 39'%-%
ReynTob pfli.BO 1 101 101 101
Rhrem Mfg 1 _ 2 *0% 20% 20% - %
Richfield Oil 1_. 3 15% 15% 15% - %
Royallyoel.16c 5 20 19% 19% - %
RupDert i J> 1. 1 20% 20% 20% 4- %
SAFEWAY 8T1 4 22% 22% 22% - %
'Safeway pf 6 . 20 112% 112% 112%
St Joseph Ld 2*. 4 43 42% 43
St L San Fran .. 7 8% 8% 8% 4- %
St L SanFran pf « 29 28% 29 4-1
St Reels Paper .. 25 10% 10 10% 4- %
Schemes Dlitl 9 33 34 33 33%
Scranton Elec 1 3 15% 15% 15%
'Sernt El Pf3.36 10 95% 95% 95% - %
Seab Air L R R 8 15% 15% 15% - %
leaboard Oli 1. 1 29% 29% 29%
Seatrave_ 1 5% 5% 5% - %
Sears Roebc* la 23 3«% 35% 36% 4- %
Seeger Ref .20*. 1 11% 11% 11% 4- %
Seiberlln* Rub.. 1 8% 8% 8%
'Serve! pf4Va 40 104 104 104
ShamrO&G 1.20 1 23% 23% 23%-%
Sharon Steel 2 1 33% 33% 33% 4- %
Sharp&Doh Vs* 7 21% 21% 21% - %
Shattuck FG la 1 17 17 17
Shell Dn Oil %* 7 29% 29 29
Sheraton A .30* 6 6% 6% 6%
Simmons lVi*_. 1 35% 35% 35% + %
Sinclair Oil 1 . 42 15% 15% 15% - %
Skeliy Oil 1%*. « 86 84% 85% 4-%
Sloss-SStl 1.20* 2 18% 18% 18%
SmithASonl.40a 2 34% 34 34%
Socony-Vac 80. 74 16 15% 15%-%
Sou AG&P .20*. 2 4% 4% 4%
So Caro E&G % 4 6 6 6 - %
SCE*Gpf2Vi 1 50% 50% 50% - %
tSo PortR 8 Df8 10 167 167 167 -2%
So CalEdls 1 % 3 31% 31% 31% - %
SouNatGas l%b 5 23% 23% 23% - %
Southern Pac 4. >0 43% 42% 42% 4- %
Southern By 3-.. 10 37% 36% 37 + %
'So Ry MAO 4. 30 78 78 78
Spalding la ... 2 19 19 19-1
'Darks Waning 2 5 5 5
Sperry Corp Vi* 6 22% 22 22 — %
Spiegel Inc . 9 11% 11% 11% - %
'Spiegel Df4Vi. 40 75 75 75
Sauibb&Sons l. 2 32% 32% 32% - %
Stand Brands 2 6 28% 28% 28% - Vi
Std GsAEl 24 D! 107 19% 26% 29 4- %
Std GsAEl 26pr 12 110% 109 110% 4-2%
StdG&ESTurnf 12 121 118 121 4-3
StdOll Cal 2.36* 22 58% 57% 57% - %
ltd Oil Ind 1 Via 16 39Vi 39% 39% - %
St1 Ol! N 7 2g 26 73% 73% 73% - %
Std OilOhio 1 Vi 58 26% 25% 26%-1%
StdStlSprlng Vi* 3 13 13 13 4- %
StdStlSDrn* PfU 1 42 42 42 —1
Sterling Drug * 12 37% 37% 37% - %
Stevens J P 2 . 20 32% 32% 32%
Stokely.-Van Cl 2 21% 21% 21% - %
Stokley-VC pf 1 1 21 21 21 — %
•tone&Web 1 V«e 1 12% 12% 12% - %
Studebakar Vig. 11 20% 20 20% 4- %
Sun Chum AO A 11% HU nu. u.
Sun Oil lb __ 1 53V* 53V* 33'*
Sunray Oil Vib.. 72 12V4 12V* 12V* + V*
Sunshine Blse 8. 1 38V* 36V* 38V* - V*
Sunshine M .40. 1 5V* 9V* 9V4 4- V*
Superheater la. 3 214* 21V* 21V* - V*
Sutherland 144* 1 39 39 39 -1
SwlIt&Co 1.50a 5 33V* 33V* 33V* 4- V*
Swift Inti 1.80 1 23 23 23 4- V*
Sylvn Elec l.OSt 1 22V* 22V* 22V* - V*
TEXAS CO Sa.. 105 54V* 54V* 34V* - 4*
Texas Co rts... 641 1?* 1% 1 % - Vi*
TexGulfProd Vi* • 15V* 15V* 15V* - V*
Tex Gulf SuiSa 7 SO* 534* 54 + t*
TexPae C&Ol. 7 35 344* 35 4- V*
rexPacLlT .40* 2 27V* 27V* 27V* 4- Vi
rhermoldCo .80 2 10Vi 104i 104* - V*
Third Ave Tram 1 74* 74* 74*
ThomasSt 1,40a 1 20>* 20>* 20'*
Thompson JR. 1 104* 104* 104* 4- V*
• ine Wet OHIa ■ 19V* 194* 194*
TideWat nf.IVi 10 107 107 107
Timk-D Axl Via 5 16>* 184* l«Vi
Timken EB14** 9 40 474* 48 - V*
.rnsameriea v*a 11 114* 114* 114*
Trl-Cnt Cn .80* 1 <4* 44* «4i 4- V*
rruax-Tr 1.40a 12 25 244* 2*4*
10th C-Fox 8a 24 2544 25V4 25'* - Vi
inthC-FxpflVi 1 37 37 37
20thCn-F pr4V4 1 1001* lOOVi 100V6 - V*
Tw C Rap T la. 1 04* 84* 84*
UDYLITE 1 ... 1 13V* lJVt 13'* 4- 4*
Underwood 2'/«* 2 48V* 48'* 48V*
Union Baa 2a 10 34>* 334* 334* 4- V*
UnlonCarb 34** « 101 101 101 -1
fUn El Mo Pf34i 20 102 102 102 4- V*
Union Oil Call. 5 214* 214* 214* - V*
Union Pacific 8. 2 136** 135‘* 133V*
Unit Air Lines.. 4 20 194* 20 4- >*
Jid Aircraft 1 6 22V* 22 22V* 4- 44
Unit Biscuit V«h 1 194* 194* 194* 4- 4*
Unit Carbon 2 . 5 31 304* 304* - V*
Utd Car F 1.20a 1 28'* 28V* 284*- >*
Unit Claar Wbal 7 44* 44* 44*
Utd corn . .. 26 24* 24* 24*
Unit Corn Pi a . 1 454* 454* 454*
Utd Elea coal 1. 2 18 1 74* 174* - V*
Utd Ens&Fdy 2. 2 J7‘* 37'* 37‘* 4- V*
United Fruit 2a 3 33'* 524* 53 4- 4*
UnltG 1.6tc . 3 21 204* 21 4- V*
Unit M ft M la 20 134* 154* 154*
'Utd M&M Pf t 10 107V* 107V* 107V* 4- >*
UtPaperbrdl'** 7 17 17 17 4- V*
US Gypsum 2a. 6 93'* 98'* 99>* 4- 4*
IJ S Hoff Msrh 1 16'* 16V* 16'* 4- V*
U S Ind Ch 3 Vi* 10 43 424* 43
Jo Leather 2 7V4 7V* 7'* + V*
J S Lines 2 2 19 19 19
US PlpeftFyl SO 1 4iv* 41'* 41V* - 4*
U S Plywood .80 3 26'* 28 28 - Vi
>US Plywd p!34* 90 101'* 101'* 101'* - >*
US Rubber 4*.. 9 44'* 44‘* 44'* 4- >*
US Steel* 21 694i 684* 684*4- >*
US Steel pf 7 .. 4 143'* 143 143 -1
Utd Stoekyd Vie 1 64* 64* 64* - Vi
UtStrs2d Pf.36e 15 10 94* 94*- V*
I Utd Wallp&p via 4 7V* 64* 7 4- V*
UnlT Lab 2 7 7 7 - •*
I 'UnivLeafTobia 10 100 100 100
VERT-CAM 2a.. 3 14 14 14
Vick Chmj.20a 1 294* 294* 294*
Va CeroiinChem 6 8 74* 74* - i*
Vira Elec ft Pwr 7 13V* 13V* IS'* 4- V*
'Va Tranche nf 30 100 *4 10O 4-0
V* Rail Dim.. * 33'+ 33 33'+- '+
WALDORF la . 1 16 16 16+1*
Wslsreen 1.60a 1 33>+ 33V* 33>++ V*
Walworth V«g 7 9'+ 91* 9V*
-Ward Bk of5% 80 961* 96>+ 9614+ >*
/'.rnerBrolV, 6 14 1J1* 131*+'+
Warren Pet 80 1 38'+ 38'+ 38'+ - '+
Waukesha M 1 a 2 21 21 21
WayneKnlt I’/at 1 70'+ 20'+ 20'+- '+
vavne pump 2 1 32 32 32 — '+
Webster Tobac 2 6»+ 61+ 6«+ - '+
WeriCIi OU 5Vig 1 431+ 431+ 431+- 1+
Wesson Oil 014 1 87'* 87'+ 87'+ + '+
West Ind But 1 a 1 231* 231* 2314 - V*
' Wa PennXl of? 20116'+ 116'+ 116V* - 1*
'Vi PennE] pI6 20 112 112 112 +1
WVa PulD+P 16 3 4214 421+ 421* + •+
WestAutoSup 8. J 441+ 441* 441+ — V+
Western Md 2 6V+ 6V+ 6V*
West Md 2nd pt 2 19 19 19 + >+
West Pacific 8.. 1 291+ 291* 291*- V+
West Dn Tel A 15 24'+ 2314 24
West Air Brklc 2 341* 34V* 341* + v+
Westlnc Etc 1 13 27V* 2614 27 + H
WstngEpIB-3 80 1 102'+ 102'+ 102V* -2
Westvaco 1.40 . 7 321* 32'+ 32'+
'WestvaC Pf3* 30 931* 93>+ 9314+ V*
Wheel steel 2g . 2 45 44'+ 44'+ - '+
t Wheelstl prprt 10 9514 9514 951* - >+,
White Motor U 1 26'.* 261+ 26V* - 1*
Wlllys-Overland 3 8»+ SV* 81+ + V*
Willys Ov pf 4 Vi 1 54'* 54>+ 54'+ +1
WUsonACo .70s 3 13'+ 131* 13'+
Wilson Pi 4 Vi . 1 941* 941* 941*- >+
Woodwaro Ir 4. 1 581a 581a 5816- 1*
Voolworth 2a 23 431+ 45 43 — V*
Worthington 2b 3 57 561* 561* - 1+
'Wthng prp>4V+ 50 85'+ 85 85V* + V*
tWright Aero 6* 30 68 68 88
Wittier W Jr 8 3 65 64 65 +1
.Vvand Wor 40a 1 10'+ 10'+ 10'+ + v*
YALE + T 60a 1 34 34 34
York Caro 30 > 121* 121* 121*- v*
Yung8heet&T4 3 69'+ 69V* 69'++ V*
Youngs Stl Dr 1 1 16V* 16V* 161* + V*
ZENITH RA lg 2 >11* 211* 211* + **
Hearty Sales on tbe Eusasit Today:
ll:00a.7.. 120 000 12:00 noon 250 000
1:00 ».m.. 360 000 2:o0p.m.. 440 000
TDait of trading, 10 snares. *m +ank-'
ruptcy or receivership, or being reorganised
under the Bankruptcy Act. or aecurltlee
assumed by such companies. Rates of
dividends in the foregoing table art annual
disbursements based an the hut quarterly
or semiannual declaration. Unless ether
IT ad!9^ Mi ag?Eg1rirhu!
K
Stock Prices Steadier,
But Demand Remains
t
Highly Selective
By T. E. Applegate
Associated Press Financial Writer
NEW YORK, Sept. 26.—Stocks
steadied somewhat in today's market
but improvement was negligible.
Demand was highly selective and
never urgent. Except for a few spe
cial situations, advances were lim
ited to narrow fractions, while some
issues which dipped in early deal
ings stayed in lower ground. Ac
tivity continued at a slow pace
Plus signs were slightly in the ma
jority near the fourth hour.
In a market accustomed to a diet
of disturbing international newt
indicatidn that Britain would with
draw from its Palestine mandate
occasioned little notice. Some bid
ding for shares was attributed b\
brokers to thoughts of a technical
comeback encouraged by lack ol
follow-through on recent declines
Retail Volume Holds
3 to 7 Per Cent
Above Year Ago
By th« Associated Press
NEW YORK, Sept. 26. —Retail
sales in the week ended Wednesday
were slightly higher than in the
preceding week and 3 to 7 per cent
ahead of a year ago, Dun & Brad
street reported today.
“Discrimination against high
priced goods increased; resistance
was sporadic but generally strong
enough to halt the spiral in some
lines," the business research firm
said. “Buying of luxury items de
creased.”
A large proportion of consumer
income continued to be spent on
foods, and grocery volume increased
substantially. Poultry, cheese and
inexpensive canned meats were in
heavy demand while butter, eggs
and fresh meats decreased in popu
larity. There was considerable in
terest in candy and baker products
Beers and ales continued to be pre
ferred to high-priced liquors.
Consumers showed more Interest
in fall and winter clothing, and
back-to-school items continued to
attract attention. Women’s fall
suits, dresses, shoes, hosiery and
lingerie were readily bought. Fur
trimmed and hooded coats were
popular.
d. & 0. August Net Reduced
Below 1946 as Costs Rise
Special Dispatch te The Star
BALTIMORE, Sept. 26.—Despite a
gain in gross revenues, net income
of the Baltimore & Ohio Railroad
in August was reduced to $600,487
vs. $976,271 in August, 1946.
Gross revenues for the month to
taled $30,687,388 vs. $29,371,535 a
year earlier. However, operating ex
penses rose to $25,499,014 vs. $24 232 -
229 in August, 1946.
For eight months of 1947, gross
revenues totaled $235,005,328 vs.
$196,651,788; expenses, $194,113,870
vs. $180,515,733. Net income totaled
$6,506,494 vs. a deficit of $15,150,113
in the same 1946 period.
Washington Exchange
_ * SALES.
C‘?t VVlooo1 at ri'onndini 45-S1'000
Garflnckel common, new—30 at 1RV*
Washington Railway and Electric preferred
—-o a 1 117 re.
SfPitbl Tjanslt Co.—10 at 2044. 25 at 20.
wooa^ara & Lothrop common—10 at 48.
POiL?<?IUTIUTY.
Bid Aikad
Am T At T cv db 234s lfWi 11 o>/, 1 mi
Gad Transit 1st ref 4s 1964 103 104
City Sc Suburban 6s 1948 101
Georgetown Gas 1st 6s 1061 126 I'**
Pot Elec Po 3V4s 1966.. . 106
?ot Elec Pow 3 Vis 1977 110
Washington 6j i&fln -
Ter Rf&W Cp 1st 4V4s 1948 101 10144
STOCKS
PUBLIC UTILITY.
Amer Tel Sc Tel (9) ... *157%
Capital Transit (2.00) _••’() oiia
N & w Steamboat (.-41 _ 16(i i»u
Wash Gas Lt com (1.50* 2244 24
Ws'h Gas Lt cu pfd (4.25) 103 105Vi
Wash Gas Lt cm cv pf (4.501 104 108
Wash.Ry Sc El com (a27.00)*590
Wash Ry & El pld (5) I17V4 l°l"“
BANX AND TRUST COMPANIES.
Amer Sec Sc Tr (10) *280 ^310
Bank of Bethesda (tl.OO). 46
Capital (.80) SI
Com Sc Savings new (tlO). *352Va
N. Y. Bond Market
(P*rnhht< ky the Associate* Preu.)
SELECTED LIST OF ISSUES.
SBAns*.?™M lBt°N HMH62 58V*
2° lBt at NoBeSBB 54V*
IntBRAD2V«57100 6 IntHydroZ16«44 9944
NEW TORK crry Leh CAN 3fisTO 98V*
■'** 80 ._ -HIM* Leh VI HT 6s 54 644*
FOREIGN 2.30 Leh V»1 4. 2003 34V*
Australia 5s 56 100 MSPS8M 4s 91 48
Australia84*s02 89 M K T 6s 02 A 77V*
Bra* 34«i 1 ser 56vt M-K-T adj 5s07 544*
Canada 4> 00 105 }*o J»c gVis 49 244*
Copenhaan 5»62 80*4 *J° £»c f* 77 F 784*
Costa Rica 7(51 17 MoPae5s78G. 7844
Denmark 6s 42. 93V* $*° £fe 65 811 78V4
Norway 4s 63 . 994* **? *Jj£*B*» 75 31V*
Norway 3Vit 67. 97 Jft8iT*I2.4is8t 98V*
8*o P Bt 7a40at 74V* NewEnTAT5s52105V*
DOMESTIC ' 2:30
Am TAT 2W°«i° iimI NTC rf 8s 2013. 784*
aStatI^^B^SS NTC4i**2018A 70V*
Am T«T STfeSoo 94V4 NYNHt&H 6a 48 53
AmTobaccoaiep 103* NYNH&H inc
S2 12PI* 444* 202* wl 32V*
B8.06.95J . 71 NYNRAR4V4S67 304*
BaltA0b6a095 59 NYNH4s2007wl 65V*
BAO ev 4V42010 48V* NYNHAB 4a 56 49V*
B * OPLI 4. 80 88V* NYNHAH 4s 67 11V*
Beth 8tl 24«^ # 0 994* NYOAW *n4»S6 4
Boat Me 444s 70 51 NY SW T 6s 43 83V*
BufRoeh AP67st 6114 Nor Pac 4s 97 103V*
Can Nat 414*51 1074* NoStaPwr24'476 100
CentNwIn*4s01 6644 Pac GAE 3s 77 105V4
CnRRNJ6»87 31V* Pac TATJinsRS 99>/i
COW 4Vi« 2038 52 ?ennRR gn5s68 108V*
CMStP44*12044 93 ,’ennRR g4'/4s8J100V*
ChlANW 4Vis99 64Vi PennRR 344*52 101
CRIP 444* 62A_ 374* PereMar 3Vis 801034*
CRIP 4 V*t 60 3 64* StLSF 4'.»s2022 50
CRIP rf 4s 34 . 514* StL 8W it 6s 90 85V4
CCCStL 4 Vis 77 714* 3eab ln4 ■ ss2016 65
Comwl Ed 3s 77 106 4ocony-V2Vis70 97Vi
Cons P 2Vis 75 1024* 3ou Pac 4V4s fin 93
Del A Hud 4s 63 96V* 8oPac4VisOr77 S8
Del LAW4S2042 54 Sou Pac 2Vis96 81
DARGW3#-4s93 804* So Ry gn 4s 66 96
DAR In 4V42018 49V* SoBTAT234s85 99‘/
Det T T 4 Vis 01 1044* Std011NJ24is71 97
PlrestnTAR3s61103V« Texas Corp 3s65105V*
OenReAUt 4s09 884* Third Ave 5s 00 43
Gulf MAO 4«76.1004* Un Pac 2Vis 91. 934*
0 MAO 2044 B 58V4 Wabash 4 Vis 91 80
Hud Gas 5s 49 107 WsPac4Vis2014 1014*
HudAM In 6s 57 14V* West Un 6s 00 904*
1C3V4S62 99i,*iWheelStl 3V4S67 99VS
1 # A ■ A
»««« nj \oi _ OvU
Lincoln (+5) S30
National Sav Tr (8.00) _ 397
Prince Georges B Sc Tr (tl) *28
Riggs (12) *315 330
Union Trust Co. new (1.00) _ 40
Washington (61 _ 186
Wash Loan & Tr (12) _ 33S 1
FIRE AND TITLE INSURANCE.
American (t6> ISO
Columbia (t.30)_ 14 15'
Firemen’s (1.40) 32
National Union (.76)_ 14
Real Estate (t6) 180
„ MISCELLANEOUS.
Carpel Corp (2.00) . 44 47
Garflnckel com new (1.50) *18 19
Garfl 5%'/ cu cv pf (1.375) *251/2 27
Garfl 4))', cu cv pf (1.125) *22 23V
Hecht Co (fl.60) 24Va 2n1,
Hecht .'!%'„ cum pfd (3.75) 9814 102
Lanston Mono (tl.OO) , 185, 20
Mergenthaler Lino (a3.00) 53 58
Nat’l Mtge & Inv pfd (p.40) 7
Peoples Dr St com (ti.«o) *51
Security Storage (45) 109
Ter Hel & Wh Coro (3) 50
vVdwd & Loth com <t2.00) *45',4 48
Wdwd & Loth pfd (7) . *125
Ex dividends. tPlus extra or extra*
a Paid so far this year, o Paid 1946.
Chicago Grain
CHICAGO, Sept. 26 OP).—A firm under
tone ruled in all pits on the Board ol
Trade today and substantial price gaini
were scored by all grains, as well as
soybeans and lard.
A ‘boost In the Government flour buy
15* *£ic* for October delivery, indication!
the Commodity Credit Corp. was in th«
cash wheat market and reports of froei
damage to corn and soybeans In part!
of the Midwest combined to stimulate
puyini.
.announced It had rurchased
350,000 bushels of wheat at Kansas City
yesterday and a total of 860.000 bushel!
at Minneapolis. Export interests re
ported France was in the market foi
flour.
Wheat closed 4 to 8>4 higher: De
cember. 82.,2',,-2.72: corn was 2V«-2%
higher: December. S2.21-$2.20V4. anu
u».., utre Higher: December. SI.08
*1.07%.
Soybeans jumped 5 to 7 cents- Novem
ber. *3.26. and lard ended 20 to 35
cents a hundred pounds higher; October.
WEAHT—Open High. Low. Close.
Decemoer 2.69% 2.73‘/a 2.89V4 2 72'/4-74'
May- 2.64 2.87V, 2.83% 2.85%-Hfl
July _ 3.39 2.431/2 2.39 2.42%-43
CORN—
December, 2.20V2 2.22% 2.19V« 2 21-20‘/a
May- 2.18 2.18% 2.16% 2.16%-'4
July 2.10^4 2.13 2.10% 2.11V4-11
OATS— 4
IN. r. uirD Market
2:WU jim Brown Str 2V
Aeron Product! 3 Jim Brown A_ 85*
Aireon Mfg Co 154 Kaiser-F rarer 8V
Am Gat Ac XI lb 3654 Kinl Seeley 80 l*>/<
Am Republic 54* 1754 Kirby Pet .loe 12V
Am Superpower 1 Lanston Mon la 19
Atlas Corpww 354 i.ogaos Distill 1151
BabeockAcW2*4« 92 ft Lone 8tar Gas 1 1951
E.rlumBteei 4ft Lons Island I te >/
5crlt*a” ,Mrn IV* Long laid U nXB 56Vi
BrwnP Dlst ,80a 21V* LouLand*Ex.80 1451
Buckeye PL.80. 1154 Manatl Sug ww 5*i
5uf“« Ltd- ft MichStlTube 54* BV.
CalllteTung.-. 25* MidSPAvtc2,40e 19
Carr Con Blacl. 85* MldWeatCrp y.b 16>/(
C*t4lln Am .40* 95* Mining Cp Can 6V
Cen&S W Cp .70 95* MonroeLoan .20 2V
Cltlea Service-- 36 Mt City Copper. Vi
Claude Neon— 25* Nachman 1.66*. 135<
Com dore Hotel. 3 NatPuelG.80. 12 V
ComnMou.war. 54* Niagara Hud Pr 9
Cont FdyAcM54- 135* Nlp’slna Mines. 15*
Copr Range 54*. #5* No Am Lt & Pwr 75*
C°r * Reyn pf l 14 pan Am Air war 54
Creole Pet l.SSg 34 Pennroad Vie_ 6
Crown Cent Pet 45* Pepperell 3a 335*
2?WR?niH0* 3* Raytheon Mfg.. 7
Cub Atl Sug 2a 1054 Richmond Rad. 454
Dennison A .OOg 11 Root Petroleum 135*
El BondftShare 125* St Lawrence Cp 135s
Eureka C Ltd 354 StLawrence pf 1 415*
Palrchild E & A 354 Select Indus .. 25*
Pansteel Mtl V.e 16 Solar Mfg .. 35*
| Fedders-Quig.RO 1154 Sonotone lOg . 35*
Ft Pitt Brew .40 9 Soss Mfg tag 7ft
! Gellman Mfg 854 Std OilKy 1.40a 285*
Gen Plywd ,80a 195* Starrett Corp 3
Glen Alden Cl 2 1954 8unRaDrug .05* 754
Goldfield Cont 'Vi. Textron Inc 54* 12
Heel* Min 1 1054 United Corp ww 54.
Humble Oil •-’* 6854 Unit Gas .851 . 1754
i Illinois Power 2 2854 Utd LtAcRys 54* 225*
Int Petrol >4 1054 Utah-Id8u*.l 5g, 354
IntersFwrDel pf 1154 Venezuela Petr 554
i Rates of dividends In the foregoing
table are annual disbursements based on
the last Quarterly or semiannual declar
tlon. Unless otherwise noted, special or
extra dividends are not included, a Also
extra or extras, b Plus stock divraend
d Cash or stock, e Paid last year, f Pay
able In stock, g 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.
December^ 1.07% 1.08% 1.07% 1.08-07%
May - 1.00% 1.02% 1.00% 1.0iy4-01
July .91% .92% .90% .91
SOYBEANS—
November- 3.26 3 29 3.25 3 20
March _ 3.30 3.30 3.29 3.29
LARD—
Dctober _ 22.35 22 35 22 20 22 27
November. 22.25 22.00 22.26 22 35
December. 24.00 24.78 24.40 24 45
January.. 24.85 24.90 24.06 24.70
March- 25.20 25.35 24.95 25.00
May- 25.57 25.06 26.20 25.35
Chlcaio Cash Market.
Wheat. No. 2 red. 2.77%; No 3 red
2.77%; No. 1 hard. 2.73%. Corn, No. 1
yellow, 2.40: No. 2. 2.37%-2.38%: No 3
2.37%; sample zrade. 2.07-2.15: new
sample yellow. 2.27%: No. 5 white. 2.45%
Oats. NO. 1 heavy mixed. 1.13%: No. 1
mixed. 1.12%: No. 1 heavy white. 1.14
1.14%: No. 1 white. 1.14%. Barley
maltlni. 1.84-2.00: feed. 1.80-1.70. Field
seed, per hundredweight, timo.hy. 4.25
4.50; red top, 13.50-14.50.
New York Produce
NEW YORK, Sept. 28 OP).—Butter,
394,880; firm. Wholesale prices on bulk
cartons: Creamery, hither than 92 score
and premium marks (AA). 78% cents:
92 score (A), 70-70%: 90 score >B>.
<3%-/3%: 89 score (C), 71%. (New tubs
usually command % cent a pound oyei
the bulk carton price.)
Cheese, 347.879; steady, prices un
changed.
Eggs. 13.457. steady: spot auotatlon!
follow (based on wholesale sales by re
ceivers to jobbers and large retailers):
Mixed colors, extra fancy, heavy weights,
84-8o: extras, 1 and 2 Urge. 58-80; extras
3 large. 63-68: extras, 1 and 2 medium
50-54: standard. 1 and 2 large. 50-52
standard. 3 large, 47-49; current receipts
41-44; dirties. 39-40: checks. 34-38.
Whites: Midwestern. Nearby
Extra fancy heavy weights 85-80 88
Extras. 1 and 2 large.. . 81-02% •
Extra, 3 Urge_ 57-69 •
Extra, 4 large . _53-58
Extras. 1 and 2 medium 57-58 59-8C
Extras, 1 and 2 pullets • 47-4t
Extras. 1 and 2 peewees • 38
Browns:
Extra fancy heavy weights 84-85 85
Extras. 1 and 2 large 58-00 •
Extra. 3 Urge „ . 53-50 • ’
Extras. 1 and 2 medium 54-55 55.5f
Chicago Livestock
CHICAGO. Sept. 20 UP) OJSDAi.—Sal
able hogs. 3.500: total. 5.500; genera!
market slow and steady to strong;
strength on weights 170-210 pounds, tot
however, 25 cents lower at 28.25; sowi
steady to strong, bulk, good and choice
190-280 pounds. 27.75-28.25: 340-pounc
butchers. 27.25; 170-180 pound lights
20.75-27.50: choice around 150-pounC
weights. 25.00: most, good and choice sowi
under 300 pounds. 28.00-27.00; sowi
weighing 360-400 pounds. 24.75-26.00;
450-500 pounds. 23.50-24.25.
Salable cattle. 2.000; total. 2.800: sal
able calves 300, total 300; choice steers
fully steady: comparable grade heifer!
aaeent; lower grade steers ana beiferi
slow .about steady: beef cows dull, weak
canners and cutters moderately active
strong; bulls about steady; 12 loads choice
1.347 to 1.364 pounds, fed steers topper
at 35.35: few loads strictly good to choice
1.050-1,275 pound weights. 31.00-35.00
medium and good light steers. 20.00-28.50
common and medium grass heifers. 15.00.
21.00; few good cows up to 20.00: can
ners and cutters. 11.25-13.75: practlca
top 18.50 on good heavy bulls; good anc
choice vealers, 24.50-26.50. both calvei
and vealers steady.
Salable sheep. 1.000. total 1.500
slaughter lambs steady to 50 cents lower
top and bulk good and choice nativi
lambs to packers at 22.50; lower grade:
scarce: few common throwouts. 16.00
17.00: yearlings scarce, slaughter ewe:
steady: few good and choice, 9.00-9.SO
common to medium ewes. 7.50-8.50: pack
age good and choice yearling breedtm
ewes. 14.00; 2 and 3 year olds. 11.00
with solid-mouthed ewes. 9.75.
Dividends Announced
ly (he Associa(ed Press
NEW YORK, Sept. 26.—Dividends de
clared: Pe- Stock of Pay
Rate. riod. record, able
Omitted.
Oppenhelm Collins 4s Co
Extra.
Lee Rubber 4s Tire $1 .. 10-15 10-2!
increased.
Butler Mfg. _ *1 _. 9-26 9-3f
Chase Candy.25c 11-1 11-1!
Stock.
Lee Rubber 4s T 5Ci .. 10-15 10-2!
Irregular.
Columbia Mills .. 50c __ 9-24 10-1
Buda co- 20c 10-0 10-1<
Regular.
Atch Top4sS Pe ry *1.50 10-31 12-1
Babcock 4s Wilcox_*1 10-17 10-31
Bell Tel.. Pa. _$2 9-30 9-3f
Cons Nat Gae ..*18 10-15 11-11
Crown Cork 4s 8 ltd..50c 10-15 11-1!
Cuneo Preas_ 25c __ 10-20 11-1
Eastern Corp 20c 10-15 11-3
PordMotor.Can.A4sB 25c __ 10-6 10-2)
Harvard Bwg _5c 10-3 10-2!
Ill Term P.R_18c Q 10-9 11-1
Kellogg Co _25c 9-27 10-H
Lee Rubber4sT_50c Q 10-15 10-2!
Okla Nat Gas _50c. 11-1 11-1!
Park 4s Tilford _T5c Q 10-23 11-5
: Seaboard Oil. Del_25c Q 12-1 12-1?
iCln Gas 4s El .35c.. 10-15 11-1!
Flour Mills Am_30e 10-6 10-1!
McLellan Stores 25c Q 10-14 11-1
N Eng Gas 4s El Asso 20c « 10-] 10-1!
Russek's Fifth Ave _.25e Q 10-8 10-1!
Scranton Elec ...... 25c Q 10-9 11-1
—
Market Averages
STOCKS. 30 15 IS 60
Indst. Ralls. Util. Stks
Net change_unc. *.l unc. unc
! Today, noon_ 89.9 33.3 42.5 83.f
Prev. day_ 89.9 33.2 42.5 83.f
Year ago .. 87.7 34.5 44.8 63.1
! 1947 high_P6.9 38.5 47.2 69.(
1947 low... .. 83.2 27.7 40.6 58.!
BONDS. 20 10 10 10 10 Lox
Rails. Indst. Util. Fgn. YlelC
Net change unc. unc. unc. unc. —.1
Today- ndon 92.4 102.1 103.7 08 6 112.!
Prev. day.. 92 4 102.1 103.7 68.5 112.1
Year ago.. 93.3 102.9 105.8 78.4 1141
• 1947 high. 97.1 104 2 105.7 76 0 116.1
■‘1947 low 89.8 102.1 103.7 87.7 112,i
(Compiled by the Associated Press.)
I
txiras, i ana s. puiiets __ ■
Extras. I and 3 peewees •
•Unquoted.
New York Cotton
NEW YORK. sept. 30 (/Pi. — Cotton
futures were reactionary today unde!
persistent pressure of hedge selling
reflecting the larger movement of th<
cotton crop to market.
Offerings were well absorbed, however
with mills covering a large volume ol
contracts against sales of textiles.
Private advices reported mill buying
of spot cotton as light. Reports irorr
the south forecast heavy winnings next
week as the crop movement approachei
Its peak.
Late afternoon prices were 35 to HC
cents a bale lower than the previou!
close: October. 31.16; December, 30.97
and March. 31.00.
Railroad Earnings
NEW YORK. Sept. 36 (Special).—Net
incomes for the first eight months of I94t
and 1848 of railroads reporting today
follow;
rilnols Central .
Southern _
Pitts, * Lake Erie
Western Pacific
Alabama O. S_
Ann Arbor _ ._
•Deficit.
Zenith Radio Corp. net for three
months ended July 31 was *376,744
or 77 cents vs. *101.132 or 21 cent*
in the like 1946 period.
*
Morgenthau Reveals
He Threatened to Quil
Over 'Pump-Priming'
I By the Associated Brass
Henry Morgenthau, jr„ disclosed
today that he threatened to resign
as Secretary of the Treasury when
President Roosevelt decided to re
new Government spending foi
“pump-priming” purposes after the
stock market crash of 1937.
In the second of a series oi
articles in Collier's magazine, Mr
Morgenthau wrote that as soon ae
the spending program was made
known to him he knew his “hopes
for a balanced budget were dead"
and “felt that we were committed
as a Nation to an unsound policy.’’
However, the former cabinet
officer said Mr. Roosevelt talked
him out of quitting, telling him
“you have done a magnificent Job"
and accusing him of pique because
the Treasury was not consulted.
Became Excited.
"The President then became
excited and said if I resigned now
it would mean the destruction ol
the Democratic Party, the creation
of a third party and the loss of the
administration program in Congress
and that I would go down in history
as having quit under fire,” Mr.
Morgenthau said.
He wrote that he “spent the next
few hours in a gloomy daze of in
decision'' but finally decided he and
the President had differed over an
issue “concerning which, it is fait
to say, there were, at the very least
two sides.”
“It was moreover,” he added, “a
technical issue rather than a moral
iouuv, n ^uvcvivu vi iiivaiio, iivb ui
ends.”
Mr. Morgenthau also wrote of. a
January, 1938, luncheon conference
he had with the President after
which he noted in his diary it
seemed Mr. Roosevelt was “going tc
plan to get back the way (President)
Cleveland did.’’
Here the former Treasury Secre
tary said parenthetically, “There
was an interval of Republican ad
ministration between Cleveland’!
first and second terms.”
He quoted the President as sayinf
at the luncheon:
“The next two years really don’t
count. They are over the dam. 1
think you and I can get by (anc
he smiled) with another three billior
deficit in '40 and '41. (The fiscal yeai
of 1941 would end his second term.)
Then it will be up to' whoever suc
ceeds us, which will most likely be
either a conservative Democrat 01
a Republican. The thing for us t<
be thinking about is what will hap
pen after we are out.
Must Have Plan.
“After we are out, the next ad
ministration will most likely begir
to economize and slash expenditure;
and the chances are we will Iirvi
chaos as a result. We must have 1
plan. Our successors will not havi
a plan. After they have failed the;
i will most likely send for us to comi
back and solve the problem. I don'
mean necessarily send for us to re
turn to Washington, but at leas
call on us for a program.”
Mr. Morgenthau said he was no
certain what the President meant
At the time, he said, he assume!
Mr. Roosevelt “had no idea of seek
ing a third term in 1940.”
A balanced budget seemed withii
sight, Mr. Morgenthau wrote, unti
the stock market collapse on ‘‘blacl
Tuesday,” October 17, 1937. As un
employment increased, Mr. Morgen
thau said the group which he dt
scribed as “the spenders” arguee
strongly for a new pump-primini
program. In this group, he said
were Harry Hopkins, James Roose
velt, Leon Henderson, Ben Cohen
Lauchlin Currie, Harold Ickes anc
Aubrey Williams.
The former Treasury Secrete,rj
said he was supported by John Gar
ner, Cordell Hull, James Farley anc
Henry Wallace in asking for reas
surance to business.
Three Apartment Groups
Seek Increased Rents
Owners of three groups of apart
ments have asked the District Rent
Control Administration to permit
rent increases on 373 units, William
Mansfield, docket clerk, reported
last night.
The Kenesaw Apartment House
Co. has asked for an approximate^
15 per cent increase for 74 units ir
the Kenesaw, 3060 Sixteenth streei
N.W. Rents range from $25 to $112
A hearing will be held before Ex
aminer William H. Clarke Octo
ber 24.
Walker & Dunlop, Inc., has askec
for a straight $5 a month increase
for 187 apartments in the 4800 bloc!
of East Capitol street. Rents nov
range from $57.50 to $62.50. A hear
ing will be held before Examine]
Dennis H. Lane October 29.
Frank D. Phillips has petitionee
for higher rents for 112 units in the
Pall Mall Apartments, 1112 Six
teenth street N.W. The average
percentage increase sought was no
available, Mr. Mansfield said.
iU.S. to Ask Shpiment ofOi
| To Europe, Council Is Told
Sy eh* Aeieciet*d Pr*n
TOLEDO. Ohio. Sept. 26—Wal
| ter S. Hallanan. Pittsburgh oil exec
utive, said last night that the Gov
emment plans to call on the Amen
I can petroleum industry to provide ;
' large amount of oil and refinei
products as aid to Western Europe
"A very considerable part of thi
relief to the European nations wil
have to be in the form of oil," hi
told the Ohio Petroleum Marketer
Association. "That makes it crysta
clear that the burden of meetini
public demand in this country is go
ing to increase very substantially.
Mr. Hallanan is chairman of th
National Petroleum Council.
Saxophonist in Audienci
Joins In at Jazz Concer
By tha Associated Press
BALTIMORE, Sept. 26.—The plan
and rhythm section of a philhar
monic jazz ensemble was playim
softly at the Lyric Theater last nigh
and the audience waited eagerly fo
Bill Harris to take his cue and rid'
on in with a hot trombone chorus.
A sweet sax picked up the melod;
instead.
The piano and rhythm stopped
The saxophone played on—until fou
policemen took care of an amateu
who had brought his instrument ti
the concert and couldn't restrah
himself.
Beatrice Foods Co. earned $1,014.
902 or $1.86 in three months endei
August 31 vs. $1,870,206 or $3.53
year earlier.
ft
L Realty Officials Jailed,
Fined in New York Eviction
By fht Auo<ia)*d fr«>
NEW YORK. Sept. 26.—Two 47
j year-old realty firm executives,
| Harry Klein and Simon Rappaport,
'were in the workhouse today, the
| first persons to serve jail terms
under the city’s temporary rent con
trol laws.
! Magistrate Charles E. Ramsgate
yesterday sentenced each to serve
five days and pay a $200 fine. He
also fined their firm $100. They
were convicted of two violations of
new city law's regulating evictions,
i “Landlords have got to learn that
they have to go about these evictions
| legally, and these defendants didn't
do that,” the magistrate said. "I'm
isick and tired of the subterfuges
[Used by landlords in evicting ten
ants'. Every day you pick up a
paper and see where women and
children have been forced to sleep
:in the park.”
i The new laws require landlords
to obtain certificates from the City
iRent Commission before evicting
I tenants.
Ford ’Bows' to Vote
Against Pension Plan
Ey the Associated Press
DETROIT. Sept. 26.—The Ford
Motor Co, said today it would “accept
the decision" of its CIO production
worxers wno nave voted down a pen
sion plan in favor of an 11-cent
; hourly wage boost and six paid
1 holidays.
i As balloting among 107,000 CIO
United Auto Workers employed in
j more than 40 Ford plants pointed to
| overwhelming defeat of the pension
proposal, a company spokesman de
clared the plan had been negotiated
j with union officials when "it became
j obvious the union leadership did not
know whether the membership really
| wanted a pension plan.”
He described the plan as "ade
jquate,” and said the UAW-CIO had
I asked such an arrangement "repeat
| edly” for several years.
Meanwhile officers of the union's
biggest unit, Local 600 at the Ford
! Rouge plant, indicated they would
continue their fight for a pension
plan although the latest count of
ballots showed the local's member
' ship rejected the idea. 23,946 to
9,485.
President Thomas Thompson
blamed the voting result on “a lack
of understanding of the plan by
i the rank and file of our union.”
He said the Rouge plant had "an
j exceedingly high average of older
workers," thus necessitating a
;“higher rated financing plan.”
“An adequate pension plan is still
essential to the future security of
, the Local 600 membership,” Mr.
, Thompson added. “It shall con
. tinue to have top priority in any
1 future negotiation I may have with
Ford management.”
Evangelist Will Be Speaker
; The Rev. Miss Elizabeth F. Ran
. dolph, promoter of Evangelism of
the Women's Society of the Seventh
. Day Baptist General Conference,
I will speak on “Victory and Its Re
sponsibilities” at the Seventh Day
. Baptist services at 10:30 a.m. tomor
[ row' in the Mount Vernon Place
. Methodist Church, 900 Massachu
setts avenue N.W.
i Vanadium Corp. of America re
1 ported a deficit of $13,935 for six t
: months ended June 30 vs. a loss of
■ $384,239 a year earlier.
i - LOANS
: on
REAL ESTATE
Various plans. Including long-term
monthly payments, at favorable rate.
FIRST DEED OF TRUST ONLY
RENTALS—SALES—INSURANCE
GEORGE I. BORGER
613 Indiana Ave, N.W.
NA. 0330
^
REAL ESTATE
Sales Rents
Loans Insurance
P.J.WALSHE.INC.
Founded 1889
^lllS Ere St, N.W. NA.
i DEPARTMENT
1. CMP*'*
w COMPLETE
I Unlimited faoi- crDvirr
ities to under- SLIiVILI.
writeevery 0
form of insur
ance, including Phone D1. 2172 for
bonds. Complete quotation on per
protection and sonal property
prompt claim floaters. No obli
‘ service. gotion.
•
EST. MAURICE M.
,H SALOMON
COMPANY
Real Estate—Loam
. and Insurance
Brokers
917 Barr Bldg.
! RAIL STOCK
OUTLOOK
l ’
Haled oh
j Nee* 'Wotje Hotel
HOW will the recent wage in
crease change the outlook
' for individual railroad stocks?
r What are likely to prove offsetting
favorable factors?
j Send for the current UNITED
. I Report with its review of the Rail
;; outlook and revised share-earnings
; | forecast on the following Rail
’ | road Stocks:
Atchison N. Y. Centra!
r C. & O. B. & O.
Erie Penn. R. R.
Del. & Hudson 111. Central
So. Pacific No. Pacific
Gulf, M. & O. Southern Ry.
Gt. Northn. Pfd. Ch. M. A St. P.
Kan. City So. Seaboard Airl.
; Send for Bulletin WA-2S FREE!
United Business Service*
I

Evening star. [volume], September 26, 1947, Page A-15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], September 26, 1947, Page A-15, Image 15 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], September 26, 1947, Page A-15, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972