Evening star. [volume] (Washington, D.C.) 1854-1972, August 20, 1948, Image 15

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Evening star. [volume], August 20, 1948, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 20 Aug. 1948. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1948-08-20/ed-1/seq-15/>

Newspaper Page Text

New U. S, Bond Rate
Supported in Buying
By Federal Reserve
By Nelson M. Shepard
Prom operations in the open1
market it is apparent that the Fed
eral Reserve System will continue
to be a substantial buyer of Gov
ernment bonds, as it was the week
ended August 18. in support of the
new' 2’2 per cent interest rate.
During that week the Reserve
purchased on balance $194,348,000
of bonds and all but $2,000,000 of
this amount, it was reported, had
maturities of more than 5 years.
Sales by the Reserve of short
term securities more than offset the
purchases of the longer term issues
and thereby had the Reserve a seller
on balance. This resulted in a net
reduction of $15,000,000 in the Gov
ernment security portfolio of the
Reserve during the past week.
Wholesale Prices Off.
The Bureau of Labor Statistics
reported today that average whole
sale prices dropped slightly last
week after hitting a post-war high
the previous week.
The bureau’s weekly index on Au
gust 14 stood at 169.0—meaning
nrices were 169 per cent of the
1926 average—as compared with
169.2 a week earlier.
The latest index is 0.1 per cent
above four weeks ago and 10.7 per
cent higher than the corresponding
week of last year.
Average prices of farm products
dropped 1.7 per cent during the
week, mainly because of lower prices
for all livestock. Poultry prices
went up a little and raw cotton de
clined 3 per cent as the official crop
forecast greatly surpassed expecta
tions. Food prices rose 0.2 per cent
during the week.
Store Sales I>ip in Week.
Department store sales increased
15 per cent throughout the country
in the week ended August 14 com
pared with the corresponding period
a year ago. but were 3 per cent be
low sales in the week ended Au
gust 7.
The Federal Reserve Bank of
Richmond reported the same rate
of increase in the 5th district a
decrease of 3 per cent compared
with the week ended August 7, 1948.
In Washington a 13 per cent in
crease was reported for the com
parable period, a decrease of 5 per
cent.
Hecht Sales Increase.
Hecht Co. sales for the second
quarter ending July 31 totaled $18,
644.211, a 14.7 per cent increase over
the $16,258,310 sales for a corre
sponding period in 1947
Total sales for the six months
period of the present, fiscal year
ending July 31 amount to $37,095,
300. 16.6 per cent increase in sales
over the 131.820.162 recorded in the
first six months of 1947.
The Hecht Co. operates nine stores
In Washington. Maryland and New
York.
Robert H. Lacey, president of the
District of Columbia Bankers Asso
ciation. is busy drawing up the new
committee assignments for the year
and these will be released from time
to time, starting Sunday, it is un
derstood. Mr. Lacey is vice presi
dent of the National Metropolitan
Bank, the president of which is C.
F. Jacobsen and not the former, as
inadvertently stated yesterday.
i
Business Briefs
Money in Cirrulation increased
$13,000,000 in the week ended
August 18 to a total of $27,979,000.
000. This was $260,000,000 under a
year before—Federal Reserve Board.
Loans to Brokers and dealers on
securities held by Federal Reserve
member banks in New York City
totaled $500,000,000 this week, a de
crease of $117,000,000 from the pre
vious week and down $334,000,000
from the like week last year.
Bituminous Coal Production was
12.445.000 tons in the week ended
August 14, vs 12,155,000 the W'eek
before and 11,731.000 in the like
week last year —National Coal As
sociation.
Personal Plane Manufacturers
shipped 868 planes representing $3,
234.000 in net billings during July —
Aircraft Industries Association of
America.
Steel Ingot Production for the
week ended August 16 w'as at 96T
ef capacity, vs. 95>i^ in the like
week last year. Dow. Jones & Co.,
Inr.
YVestinghouse Electric Corp. reg
istered 900.000 common shares with
thp Securities and Exchange Com
mission for sale to employes at $3
below the average market price in
the month when payment is com
pleted under a payroll deduction
plan. A worker will be permitted
to buy one share for each $200 of
his yearly pav at the rate of $2 per
month per share.
YV. Chalmers Burns, president of
the Richfield Oil Corp. of New York
suTce 1935. has retired. Directors
elected M F. Braeckel to succeed
him.
Twentieth Century-Fox Film Corp.
reported $6,894,659 net profit for the
26 weeks ended June 26. or $2.37 a
share vs. $8,401,778 or $2.91 in the
like 1947 period.
West Virginia Pulp & Paper Co.
earned $8,001,819 or $8.35 in the nine
months ended July 31 vs. $7,878,734
or S8.19 in the similar 1947 period.
Consumers Power Co. earned
$13 892,405 or $2.75 a share in the
year ended July 31. vs. $14,790,226
or $2.99 the year before.
Also for the year ended July 31:
Georgia Power Co. earned $6,073,
766. vs. $6,907,067.
Ohio Edison Co. earned $7,274,745
or $3.15 a share, vs. $7,189,583 or
$3.11.
Alabama Power Co. earned $5,927.
911. vs. $7,175,885.
National Malinson Fabrics Corp.
earned $1,153,475 or $5.10 a share in
the year ended May 31, vs. $979,571
or 34.33 the year before.
Marathon Corp. earned $4.290.3361
or $3.15 in the nine months ended
July 31. vs. $3,599,300 or $2.62 in the
like period last year.
Greyhound Corp. net for the six
months ended June 30 was $4,373.
932 or 46 cents a share, vs. $5530,571
or 62 cents in the 1947 half.
Also for six months ended June
30:
American Stores Co. earned $2.
892,227 or $2.22, vs. $3,032,467 or
$2.33.
Howard Stores Corp. earned $785,
841 or $1.81, vs. $988,097 or $2.31.
Panhandle Producing & Refining
Co. earned $1,204,821 or 83 cents, vs.
$210,252 or 14 cents.
.Sweets Co. of America earned
$283,495 or $1. vs. $618,893 or $2.34.
North Central Texas Oil Co.
earned $335,388, vs. $194,243.
Canada Wire & Cable Co. earned
$420,000 or $2 39 per Class B share,
vs. $875,000 or $5.41.
W?estern Electrical Instrument
Corp. earned $392,945 or $2.45, vs.
$406,652 or $2.53.
A
%
N. Y. STOCK EXCHANGE I
(Furnished hr the Associated Press.!
Bales—
Stock and Add Net
Dividend Rate 00 High. bow 8:30. edge.
ACF-BRUX UO 4 *3i «t 4H
Acmt steel 4a _ 5 51 50% 51
Adams Exn'.e 1 20% 20% 20%-%
Addresso-Mult l 2 39 36% 36%-1
Admiral Cd .30a 12 14% 14% 14% + %
Air Reduction 1 5 22% 22% 22%
Alaska Juneau.. 3 3% 3% 3% - %
Alleghany Corn 6 3% 3% 3% + %
Aileghanv Co of 1 51% 51% 5J%+ %
• Alleg Lud l.HOe. 1 29% 29% 29%
1 Allied CADye 6a 4 186 185 186 +1
! Allied Mills 1 %• 1 29% 29% 29%
Allied 6tre 3 1 33% 33% 33%+%
Allis Chaim 1 60 8 34% 34 34% + %
Amerada Pet 3. 3 108 107% 107% - s%
Am Agrlcul 3a. 1 49 49 49 + %
Am Alrllnea 46 6% 7% 8 + %
AmBankN 1.60a 1 25% 25% 25% - %
AmBrkShoe 00* 3 38 37*% 37% - %
Am Broadcast 1 7% 7% 7%
Am Cable A Rad 3 4*% 4% 4%
Am Can 3 1 84% 84% 84% - %
•Am Can Of 7 20 170 169% 170
Am ChACbll .40 25 25% 24% 25% +1%
Am Chicle 2a ... 8 46 45 46 +1%
AmCyanamidla 12 39 38% 39 + %
AmCy»m!d3Viof 8 100 99% 99%-%
Am Distillers 2 1 35 35 35 + %
Am Enraust *.e i 2 6% 6% 6% + %
Am A Frgn Pwr 1 3% 3% 3%
AmAPPS7pf3',ik 1 69 69 69 - %
Am-HawailSS 3 1 39% • 39% 39%
Am Hide A Lea 1 5% 5% 5% — %
AmHomePr 1.20 4 72% 72% 72% + Va
Am Locom of 7 1 103% 103% 103%
Am MchAFd SO 5 16% 16% 16%+ %
AmMchAMet'ie 2 7% 7% 7% - %
Am Power A Lt 5 9% 9% 9% + %
AmPAL SpMVik 2 87% 87% 87%+%
AmPAL Bof.i'.k 1 78' 4 78% 78%
Am Radiator *ie 21 15% 15 15%
AmSaleRaz’a- 2 8% 8% 8% + %
Am SmAR 1 tie 8 59% 59% 59% - %
•Am Snut Df 6 10 131 131 131 +2
Am Steel Pdry 2 1 29% 29% 29% + %
Am Sugar R4e 2 37% 37% 37%
Am Sum Tob 2. 2 19 19 19
Am Tel A Tel 9 23 152% 152% 152% + %
Am Tobacco 3a. 6 63% 62% 63 + %
•Am Tob of 8 ... 60 138 137 138 +1
Am Viscose 2a . 3 66% 66 66 +1
AmWatWks 30a 10 8 7% 8 + %
Am Woolen 6a . 32 55% 55% 55% - %
Am Wool nr nf 4 5 110% 110% llOVa - %
Am Zinc .20e l 7% 7% 7%
Anaconda 2’,.e. 21 37% 36'% 37%+1
•Anac Wire 1 e 210 37% 37% 37%-%
Anch Hock GI lt 2 28* 27% 28% + %
•Anchor Hk Df 4120 99% 98% 98%-1%
Ander-Prich 1__ 8 27% 27% 27%+%
Arch-D-M la .. 5 *9% 29% 29%+ %
Armco Steel 2b 9 29% 29 29 - %
• Armco 8tl 9f4% 90 99 97% 98%
ArmourACol 20 12 12% 12% 12%+ %
Armst Crk 1 20e 2 53 52% 53 + %
• Arm CorkS4ofe 70 111% 111% 111%
•Armstng of 3% 2 95 95 95 + %
Asad Dry G 1 80 2 16% 16% 16% + %
Aasociat Inv 2 . 1 29% 29% 29% - %
Aten r A 8 F 6 10 114% 112% 114% +2%
Atl Coast Line 4 3 54% 54% 54%+%
Atl Refining 1 % 15 42% 41% 42 - %
•Atl Refin DfA 4 30 109% 109% 109%
•Atl Ref ofB3*i 70 95V. 94% 95% + %
Atlas Corn 1 60 5 22 21% 22 + %
tAtlas Pwd l’ae 100 52% 52% 52%+%
Austin Nichols . 2 6% 6% 6% + %
Autocar Co V.p. 2 10% 10*% 10% + %
Auto Canteen 1. 1 13% 13% 13%+ %
Avco Mfg ,36e . 12 6% 6% 6% — %
Avco Mfa Df 2 V. 1 42% 42% 42%-%
BABBITT 1.20 1 15 15 15
Baldwn Loco %a 12 15% 15% 15% + %
Balt * Ohio 11 14*% 14% 14% + %
Balto A Ohio Of 8 25% 25% 25% + %
Barker Bros le 1 23% 23% 23% + %
BarnsBall Oil Ha 1 39% 39% 39>/k — %
Bath iron Wks 8 12% 12 12 — %
Beatrice Fds 2a. 1 36% 36% 36%
Beech-N P 1 60 1 35% 35% 35%+1%
Beldine-H 1.20 1 171/4 17% 17% + %
BellAHowell %a * 19 18% 18%
Bendtg ATiat 2 4 32% 32 32% + %
BndxHomeA 1% 4 14% 14% 14%+ %
Best A Co 2 ... 2 26% 26% 26%+ %
Best Foods 2a 2 34 33% 34 + %
Beth Steel l.ROh 32 36% 36 36%
Beth Steel of 7 1 132V. 132% 132% + %
BirmghmEl 30p 2 10 10 10 — %
BlackADeck 2a. 1 33 33 33
Bliss E W new 4 14% 14% 14% + %
Boeing Alrpl le 6 23% 23% 23% + %
Bohn Alum&B 1 4 27% 26% 26% — %
• Bon Ami A 4a 50 76% 76% 76%
• Bon Ami B 2%alOO 39 38% 38%-%
Bond Stores 2 4 22% 22% 22%
Borden Co 1 SOe * 41% 41 41
Borg-Warner 4 10 60 59 59 - %
Boston A Me 1 *% 4% 4% — %
Bower Roll B He 2 «0 39% 40 + %
Bridged Blast 2 9% 9% 9% + %
Briggs Manufg 2 3 31% 31% 31%+ %
BriggsAStra la. 1 31 31 31 + %
Bklyn Un Gas 5 19% 19 19'/.+ %
BrwnABigelow 1 6 11% 11 11
Brown 8h 1.20a 1 33% 33% 33% - %
Buc.vrus-Er 70e 1 19% 19% 19% — %
Budd Co HOe -. 15 10 9% 10 + %
•Budd CO Df 6 20 70V. 70% 70% + %
Buf Niag Df 3.60 3 80% 80% 80% + %
BurllngMUlg 1% 28 21% 21% 21% — %
• Burling M Df 4 70 91 91 91 +1
Burl Mia CTO 13% 1 88 88 88 —1
Burr Add M .60 6 17 16% 16%
Butler Bros _. 9 12% 12% 12%-%|
Butte C A 2 1 3% 3% 3% + %
CAL PACK 2tia 1 35% 35% 35%
CalumetAH 10p 3 6% 6% 6%
Campbell Wy le 2 26% 26% 26% — %
Can Dry GA 60 4 11% 11% 11%+ %
CanadPacl’.e 31 15% 15% 15%+ %
Can Mills 3*.ie 1 -1% 41% 41%+ %
Cap AdmaA 60s 2 16 15% 15% + %
tCap Adm of 3. 90 55 54 55 +1%
CapitalAirlines 21 6 5% 5% + %
CarrlerCorp p!2 1 36% 36% 36% + %
Carr&Gen 20a 1 2% 2% 7% + %
Case J I Co He 6 41% 41% 41%+ %
CaterpnTiacv 3 9 55 54% 55 + %
Celanese Crp la. 12 34% 34% 34%+ %
• Celan 7% of 7. 10 129% 129% 129% +1%
Celotex of 1 . 1 18% 18% 18% - %
Cen Aguir 1.60a 3 16% 16% 16%
Cent Fndry V.e. 1 10 10 10 + %
Cent Ga Rwy 5 83! 8'* S34 + *4
Cent Ga Ry pfRe * 2934 29W 293* - Vi
CentHudGas 62 3 73* 734 7*/*
cent R R N J • 30 30*4 293* 30 +1
Cent Violet* *4e 1 1134 1134 1134+ Vi
Cerro de Pas 134 6 2434 24 24*4+ 34
Certn-td Pd 60a 2 1634 163* 163*
Champ Pap l'4e 3 243* 243» 2434 - >4
Checker Cab 1 1134 1134 11*4 + 34
Ches & Ohio 3 . 19 3 734 3734 3734
Chicago Cp 80. 6 12 113* 1134 — *4
Ch) A East 111 3 7*4 734 7*4 + *4
Chi A E 111 A 1 e. 2 14*4 14V. 14*4 + *4
Chi Great West 7 103* 10*4 1034 + 34
Chi Grt West Dt 5 19'* 19'/. 19'* + *4
Chi Ind A L A__ 3 13V4 133* 133*
Chi Ind A L B _ 3 73* 7** 73* + 34
Chi Mil at PAP 8 1074 103, 10'4 + 3*
ChlMSPAP Pf4e »3 363* 763* 367* +1
Ch) A N W >4* 4 203* 30V* 203* + >4
Ctll A N W Df R 7 47 463* 463* - 14
ChiPneuTool la 1 34 34 34 - 14
Chi R 1 * P Ve. 16 38 373a 377* + 14
Chi R IAP pi 6 - 6 66*4 66'a 66'4 + '4
Chrvsler 4 . 2 2 6 0 5 934 597* + 3*
CIO O A E 140 « 2634 26*4 2634 + 34
cm Mill M 1 4.7 1 23 23 73 - >4
Cl T finance 2 10 *234 42'* 423*+ 3*
Clark Eoulp 2 3 34*4 34Vi 3434 - '4
Clev El 111 1 65e 2 40'4 40*4 40*4 - ‘4
*Cle» E III oI4' » 1 108 108 108 - 14
ClevGraph l.COa 1 27'4 2734 2734
tClev A Pitt 334 10 72*4 72*4 72>4 - *4
Climax M 1 CO 1 14'* 143* 1434 - 14
Cluttt Pbod» le 1 34V* 34V* 3434 - '4
CluettPbdy 4pl4 1 86'* 86V4 86'4 -13*
Coca-Cola 4 2 156'4 156*4 156*4 -1*4
Cnieair-H-P Ca 8 34 3334 3334+ 34
tColf-P-P Pf334 20 88 88 88
Colonial Mills 1 8 74 2 33* 24 + 14
Col fuel Air la 16 193s 19 19V4 — 34
Col FuelAIr Df 1 1 19*4 1934 1934 + 14
tColo A South 60 15'* 14*4 15'* + 3*
ColBdcastA 1 'ie 9 24'* 23>4 23*4
ColBdcastB l'ae 5 23'4 23'4 23‘4 - ■*
Columb QSS 60 26 12*4 17'* 1234 + 3*
ColumCarDon 2s 1 33V* 33'* 33',*+ 14
ColASOEC.lOe 7 41** <134 41'4 - 34
ComlCredit 2 60 5 49 48 4834 -1
• Coml C nf 3 60 60 96 96 96 +1
Coml Solvnt Vie 2 22'* 223* 22'* - 14
Comwl Edls 1 40 6 2374 2*3* 25’4
Comm A South 44 3 3 3
CmwrlthASopnk 1 98** 983* 98**+ 3*
Cong-Natrn 134 5 3 5‘* 35 3534 + 14
Cons Cigar 2 _ 1 28‘a 28'4 28'i+ '4
Cons Cop 1 Re 5 5'* 5'4 5‘4
Cons Edta 1 60 37 34 23** ,24 + 34
Cnns Grocer- 1 1 14*4 147% 14'* — 1*
♦Cons Nat Gas C 7 423* 4 2 4234 + 3*
Cons RRCUb* ot 7 26** 26'4 2634 — *4
Cons Text 1 20b 4 1134 in* in*-34
Cons Vuitee 10 10'* 10‘4 10*4 + *4
Consum Power 2 4 34 34 34
'ConsumP of4'4 60 10034 100 10034
Contain Coro Ca 2 36 3574 35'4
Cont Eaklnt * 1 153* 153* 153* + ■*
Cont Bak of 534 120 89 88 89 +13*
Cont Can Vie 5 36 353* 353* - 34
Com Inaurance2 4 55*4 55'* 55‘* + '*
Pom Motor* 17 73* 734 734
Corn Oil Del 7'ae 6 613* 60' , 613*+ 3*
Cont Steel I'.e. 7 167* 167* 167*+ 3*
Cooper-Bcss 2 1 29'* 293* 293* + 3*
Coprwld St: l 20 3 177* 173* 173*- 3*
'CornExch 2 80 10 553* 55', 553*- 3*
Corn Prod 2 70e 7 62>» 613* 67'* + '*
'Corn Prod of 7 20 1703* 170'* 170>* + 3*
Corn-Dub E 80 1 113* 11' * 11'*- i*
CorningGlas* 3* 1 191* 19>* 19'* + 3*
Crane Co 160a 7 3*7* 3*7, 347*+ i*
Crown Cork 3«h 2 213* 213* 21',+ 34
Crown Zeller 2e 4 29 78’* 29 — '»
♦Crowi Z nf4 20 30 99’4 99>* 99'/*+ l*
'CrwnZeller of4 160 109 108', 108>* - 34
'Cuba R B nf 50 30 30 30
Cuban-A Sf’ie 2 16»* 16«, 16**+'*'
Cunn Drug 3,e - 7 18'* 18** 18>* — 3* j
Curtis Publish *0 11 107* 11 + 3*
Curtl*s-Wr 2e . 27 9’* 97*
Curtiss-Wr A? 5 25 247* 75 + 3*
DANA CORP '.I 6 74'* 233* 243* + '*
tDaynPLpfAS3. 10 88 88 88
Daytbn Rub i 2C 1 12 12 12 — i*
Deed Record 3i 2 9 8'* 87* — 3*
DeenRockOil le 7 34'* 34 3*
Deere* Col .. 26 35'* 35 35'*+ i*
Deere of 1 40... * 303» 303* 303* - 3*
Del L, At W V,t . 9 103* 10H 103* + 3*
Den «ROW 1*. 5 343* 34 34** +1
Den&RGWpflOe 3 52'* 32 32 + 3*
Detroit Id 1.20 21 207* 203* 207* - V*
DetMlchSto >0a 1 123* 123* 123*
nwvoe 6 R A 2* 2 233* 233* 233*
Dll Match 14a 1 42 42 42 + 3*
DllMtch pfl'ia 1 43' * 433* 43'*+ 3*
Dll' CB-Sea 60 11 16 153* 15'*- 3*
Dr Pepper ,45e 3 15 15 15
Doehlai-Jar 13* 3 34i* 341* 34'* - 1*
Dome Mn 67e . 14 14 133* 133*
Douglai A 23**. 1 52'* 52'* 52'* - '*
Dow Cbem ■** 9 46'* 45** 46 * + a*
DowCh 2d Of.7 *-* 3 102'* 102 102 + '*
Dresser Ind 13* 2 2*1* 26'a 76** + >*
Du Pont Re 9 175 174 174'*+ 3*
Du Pont of 4'* 2 116'* 116* 116'* - 3*
EAGLE-P! 1 *0 1 21'* 21'* 21'*.
Etstero Air Una 41 17‘* 16*» 16’*+ '*
East Slate Steel 1 173* 173, 173*+ 3*
Bale*—
_ Stock and Add Nat
Dividend Rate 00. Blah. Low. 2:30. chge.
Eastm Kod 1*60 11 *34 *25* 43
Eaton Mfg 3a . 1 *14 614 614 + 4
Edi» Br 6tr I 4* 1 174 174 174 + 4
♦Edis Bro of 4'/« 10 89 89 89
Ekco Prod 1.20 3 135* 134 135* + 4
El Auto-Lite 3 .. 2 *74 *74 *74 - 4
El Power A Lt 3 214 214 214
El StoriceBet 3 2 51 504 504
EleinNatW 80* 1 154 154 154- 4
Eliott cv of 24. 2 825* 634 625* - 4
EPasoNGs 2 40 5 674 674 674 + 4
Enter Eec M 1 1 174 174 174+ 4
Emer Radio .80 1 124 124 124-4
Emo Dll El 1 12 1 1*4 1*4 144+4
Endicott-J 1.60a 2 334 33 334 + 4
Erie R R 1 2* 1*4 1*4 1*4 + 4
I Erie R R of A 6 3 614 604 604 -14
I Even* Prod 4 3 1*4 1*4 1*4
IFBNK-MOR1 lie 2 46 46 46
Felardo Sua 3e. 2 294 294 29?*
I Parnswortb 15 74 74 74
I redder* Qul .80 2 145* 145* 1*4 + 4
Fed-Mogul 1.60 2 184 184 184+4
Federat n Strs 2 * 274 274 274 + 4
Pelt AT 1.40* 1 224 224 224 + 4
PerroEnen 1.40 * 234 23 234 + 4
Fid Phoeni P 2a 1 58 58 58
Firestone TAR 4 1 4? 47 47 + 4
Firth Carpi.60a 1 194 194 194+ 4
Pllutkote 2a 3 3*4 34?* 34?* + 4
Florida Pnw I 3 1*4 144 144 + 4
Pollans 8tl 1 tie 2 294 294 294 - 4
Pood Mach l'.e 5 374 364 374 + 4
Poster Wheel 1 1 34 34 34
rPostr W of 14 1 23 23 23
Prank Strs 60> 2 94 9 9 +4
Francisco Susar 1 l-?i 1*4 144- 4
Proedt GAM Via 1 104 104 104
‘■♦ru.haui Tra ) 1 214 214 214+ 4
GAIR ROBT 40 1 84 84 84 - 4
GairRnl 1.2« 1 184 185* 18?* + 4
Gamb Skog flOe 3 12 115* 12
Gar Wood In.' 1 84 84 84
Gen Am Inv 40 4 164 164 16?* + 4
Gen AmTrna 3a 1 524 524 524 + 4
Gen Bakina 80 9 104 104 104- 4
Gen Cable 4e.. 10 124 124 124
Gen Cigar la... 1 20 20 20 - 4
Gen Dec 1.80 79 404 394 40*/* + 4
Gen Poods 2 8 394 394 394 + 4
Gen Instrumt 1 6 104 10 10
Gen Mills 2e .. 1 494 494 494 - 4
'Gen Mills of 6 50 1214 1214 1214
Gen Motors 2 Vie 82 644 634 644+4
Gen Motor Df 6 * 121 121 121 + 4
Gen Mot of 3?a 2 95 95 95 - 4
Gen Out Advt 1 1 154 154 154 + 4
Gen Port C Vie 2 204 20 204 + 4
Gen Pub Util 80 9 125* 124 124
Gen Rr Signal 1 3 224 22 224 + 4
Gen RealtrAUt. 2 45* 45* 45*
Gen Teleob 2 2 254 254 254
Gen TireAR 1 a 2 234 234 234 - 4
Gillette Sal 24a 3 334 334 334 + 4
Glmbel Bros 2 15 204 20 20 + 4
GiiudenCo I 40a 2 234 234 234 + 4
GoebelBrew ?0a 2 54 54 54
Goodrich BF3e 4 584 574 56V* + ?*
.JooovearTAR * 21 444 444 444+ 4
Grsham-Pstee 6 35* 35* 35*
Grand Un v.h 2 15?. 15V. 154 - 4
Grant i W) I la 8 254 254 234+ V*
GraysonRob Vie 1 12?e 12?e 12V. — V.
Gt Nor Hr ot 3 7 *24 424 424 + 4
GtWstSug 1 60a 2 21 21 21
G.evbound 1 63 114 114 114
rQreyhnd pf 4'/. *0 97 964 964-1
Grumman Ih 4 204 20?* 204 + 4
Guantan Bugle 17 7 7
Gulf MobAO Vie 12 17 164 17 + 4
Gulf 011 8 ... 35 715* 71 714+14
Gulf Sta Util 1 4 164 164 164 + 4
tHamiltonW nf4 10 82 82 82 -1
Harb-Walk 1 Vie 1 25 25 25
Hart SAM *2.40 2 284 284 284 +4
♦Hat Coro oft'/a 10 714 714 714-24
Hayes Ind Vie _ 1 84 84 84
Hayes Mfg 45e 18 104 10 10
Hazel-Atl 1 tin* 6 21 204 21
Hecnt co i.bo__ s 25 241* 24* + *
'Heinz Df 3.Bo 330 96'* 96'* 96'* - *
Hercul Pwd 70e 3 S3 53 53 + '*
Hires C E .80 1 16'* 16'* 16'* + '*
Holly Sugar 1 -_ 3 28 27'* 28
Homestk Min 2 8 34'* 34 34'* - *
Hooker Elec 90a 2 30'* SO'* 30'*
Housetiold Pin 3 1 30* 30* 30* - •*
Houston L&P 2. 2 44'* 44 44 -1
Houston Oil 1*_. 5 34'* 34'* 34'* - *
Howe Sound 2.. 1 40'* 40'* 40'*+'*
Hudson Bay 4 . 6 44'* 44 44'* + >*
HudsonMot 40a 7 17* 17* 17»*
Hunt Poods l. 2 14'* 14* 14'*
IDAHO PW 1.80 1 32‘* 32'* 32'*
HI Cantrai 25 39 38'* 39 + *
Illinois Power 2. 13 26* 26* 26*+**
Hi Term RR 72 1 10** 10'* 10'* + '*
Ind Pr & Lt 1 '* 2 23'* 23'* 23* + '*
Inger-Randl'ih l 70 70 70
Inland Stl l'*e 15 44* 44 44* + *
Inspira Cop l'*e 4 20'* 19* 20‘* + '*
Interch C .30h. 2 19* 19 19 - '*
'Interem Df 4 Vi 50 98* 98** 98*— *
Interlakelr 60e * 14* 14* 14*
Int Bua Mach 4. 2 146 145 146 +1
Int Harvst 1.40. 21 29* 29 29*+**
'int Harva nl 7. 130 163* 162'* 163* — '*
Int Hydro El A. 3 7* 7>* 7'*
Int MACh 1 60 2 30‘* 30»* 30'*+*
Int Mining _ 1 3* 3* 3*+ '*
int Nickel I 60. 26 31* 30* 30* - '*
Int Paper 4a .. 6 59* 59* 59*— *
Int Paper p( 4 1 96 96 96
tlntRyCent plok 1 90 90 90 -2
Int Shoe 2'*e-.. * 42* 42 42 -*
Int Tel& Tel .. 29 13* 13 13*+ *
Int T&T lorn et 1 13 13 13 — '*
Inter Dep Strs 3 1 22 22 22
IsCrkCoal 1.35h 4 35* 35* 35'*-*
JACOBS PL 1 7* 7* 7*
Jewel Tea 2.40a 2 43'* 43'* 43* + '*
tJewel T pf 3*. 30 95* 95* 95* -2*
John-Man I Ooe 12 36* 36* 36* - *
Jones & L Sli 2 13 35* 33* 35* + *
Joy Manfg 2 40a 2 38’* 36* 36* + *
Han City South. 2 40* 40* 40* +1*
KaystrJla 3 15* 15* 15*+*
Kelsev-H A 1 '*. 1 23* 23* 23*+*
Kennecott I'/ie. 61 58* 57* 58* +1*
Kern C Land 3a 2 46 46 46 + *
Kimorl* Cl 1.40 5 21* 21* 21*
'Klmb-Clrk of A 20 99 98 99 +2
Hoppers Co 1.60 3 33* 33* 33* + *
Kresge 8 8 2.5 35* 35* 35*+ *
Kress S H 2a_ 1 S3* 53* 33*+ *
LACLEDE a.20 11 3* 5* 5*-*
Lambert Col*. 2 19* 19V. 19*+*
Lane Welle 1.60. 4 26* 26 26*+ *
Lehigh C dr N 1 4 12* 12* 12*
LehPortCem2. 7 36 35* 36 + *
Leh Val Coai *0 4 J* 4 + *
Leb V Coal lnf3 1 24* 24* 24* - *
Leh Valla* R R. 3 6* 6* 6* + *
Lehn&Fink Vie. 1 9* 9* 9* - *
Lerner Strs 1 * 9 24* 24* 24* + *
Llb-O-P Glass a 1 SJ* 52* 52?*+ *
Mb McN&L *e 3 9* 9* 9?* - *
Life Saver 1.20e 1 37* 37* 37*+*
Llgg it Uy 4a.. 2 89* 89 69*
Lion Oil 3_ 4 44* 44 44*+ *
Lockheed Vie... 40 22* 22 22*+*
Loew'« Inc 1 * 14 16* 16* 16*
LoneStarCeSVia 1 63 63 63
Long-Bell A 80k 2 28* 28'* 28* + *
Lorillard PI. 3 20* 20?-. 20* + Vi
Lou G&E A 1 *. 2 24 23* 23*-*
LouisvilAN 3.63 3 44* 44 44* + ■*
Lowenstein 2a 6 28* 28* 28'-* + *
MACK TRK *b 10 20* 20* 20*
Macy R H 2 .. 1 34* 34* 34*-*
Magma Cod 1.. 1 19* 19* 19*+*
Magnavox 1. . 2 13* 13* 13* + '+
Manatl Sux 1'*« 1 9* 9* 9*-*
Marathon 1 40 5 22* 22 22* + ?4
MarineMldi 40e 5 7* 7* 7*
'Mark St Ry or 110 17* 17* 17*
Marsh Field 2 2 25 24?» 24*
'MarrbFl of 4'/4 70 99 99 99
Martin OL 3 15'/. 15 15 + *
Mart Parry ,60a 1 16* 16* 16*
Master Elec 2.40 5 21?* 21?* 21?*
MathChem lV>a 1 36?* 36?* 36?*-*
McCall Corn 3.. l 27?* 27?* 27?*
McIntyre 2 Ola 1 48 48 48 + ?*
McKess&R 2 40 2 32* 32* 32*
Mead Corn lVie. 1 18* 18* 18* - *
Melville Sh I 80 2 23* 23'/* 23* + *
Mercant Stra 1. 3 17* 17* 17*+ *
Miami Cop »/.e 4 16?* 16* 16?* + *
Mtd-ConPet lVia 5 53* 55* 53*
Mlnn-Hon Re 2a 6 47* 46 47'/. +1
'Minn H of 3 20 20 90* 90* 98?-* - *
MinD Moline 32 17* 17 17*.+ *
'MinnMo Dl4'.k 20 121 121 121
Minn & St L ?ie 2 13 13 13
MSPASSMAla 2 11* 11* 11?*+*
Minn Min *M1 1 68* 66?* 68?* + *
'Minn U&M of4 1 101 101 101 +1
Mission Corn It 3 36'* 55>4 35*4- *4
Mn-Kan-Texms 8 73* 7*4 73* + *4
Mo-Kan-Tex of 15 SOW *93* 30*4 y- 14
Motud Hos SOa 3 13*4 13*4 13*4 - ‘4
Monarch Mch 2 2 25>* 25*4 23*4 -1*4
Monsanto Cb! 8 333* 53*4 33V* - 3*
Monsanto of 3Y« 110a 108 108 +1*4
Monia Ward 2a 5 343* 54*4 343* 4- *4
M-MCC Lin 1 Via 1 15*4 15V* 15*4 4- V*
Motor Prod lVia 1 27 27 27 4- >4
Motorola Vie « 133* 13V4 13*4 4- *4
Mullins Mft 1 a 9 30*4 30 30*4 4- >4
Murphy GC 1 *4» 3 413* 41** 41*4 4-1*4
Murray Corn I 4 133* 13Vs 13*4 4- V*
NA9H-KEL1 05a 8 18*4 1 73* 18 4- *4
’Nash Chat 2e._ 30 26 233* 26 4-1
Nat Acme 2a 3 25*4 24*4 243* - >*
NatBlscult 1 60a 4 293* 2914 293* 4- V*
Nat Biscuit Df 7 40 165 165 165
Nat Can 1 7*4 7*4 7*4 - 14
Nat Cash Reg 2. 12 45«* 45 45 -1
Nat City Line *4 3 7*4 7*4 7*4 4- ‘4
NatContaln 1 20 5 11 10*4 11 4- V*
Nat Dairy 1 80. * 29*4 29*4 29*4
N'at Distiller* 2 15 193» 19*4 19*4
Nat Enamel 2e 7 46V* 46*4 46*4
Nat Gypsum Vie 4 173* 17w 17**4- **
Nat Lead la 8 32 313* 313«- >4
’Nat Lead ofB 6 20 1,36 156 156 - 3*
Nat Linen S 60 2 61* 6S* 63*
Nat MalA-S PO* 2 2 2», 22*4 22*4 4- *4
Nat Row k L 2 us, 3* *4 - VU
NatSuaRef 1'** 1 23*4 23W 23**4- 3*
Nat8uoplyl, 4 21s* 213* 21*4 4- ■*
Nat Tea 1*4 .. 2 24'* 24'* 24'* 4- 3*
NatomaaCol.. 3 low low low - *4
Nebl corn 1 12 12V* 12 12
’Nelsner pf *'«_ 10 102 102 102
Newberry J J 2 _ * 323* 32*4 3 23* 4- >4
N Ena El Syst 1 - 3 11 103* 103*
Newmont Min 7| 3 60 60 60 + *4
Newnt Indust 2 2 193* 19>* 193* 4- 3*
Newpt NewtB 9a 10 323* 313* 313*-1
N Y Cent R R 22 17V* 17 17V* 4- 3*
N Y Chi A St L. 2 833* S3 033* 4-13*
NYC Omnibus. 1 16V* 16*4 16*4 - V*
N Y N H & Bart 25 13 123* 13 4- V*
NYNHtHtf 9 363* 36 36 4- V*
’NYP&L Pf 8 SO 10 90 90 90
NY Shlpbldg 3*a 1 183* 183* 18'*
♦NYSE&G Pl33* 10 82*4 02*4 82*4 -IV*
Nnrf&Western 3 8 60*4 593* 593*- 3*
No Am Aviation 37 113* 113* 113*4- >4
North Am Co lb 17 16*4 16 16 - V*
’Horthn Cent*. 20 86 86 86
NorflelGas .80* 9 31*4 31 31
North Pacific la 17 22*4 713* 22*4 4-3*
'NoStPw pf3 80 1 803* 80** 80*4 -1
Northwest Air! * 123* 123* 123* 4- 14
NrthWAlr ofl.16 < 221, 22*4 22*4
OHIO ED1S 7 1 33*4 33*4 33*4 - >4
’Ohio Ed Pf* 40 ao 99 99 99 - W
onto Oil la 8 37 363* 37
Oliver Corp Zt . 2 323* 323* 323* 4- >4
'Oliver of 4**. _ 30 103 10 J 103 +1
Omnlbui *49_ 1 93* 93* 93*
# ^
Sales—
Stock and Add Net
Dividend Rata. Ou. Rich. Low. 2:30. cnee.
otla Kiev l*e_ 4 34* 34* 34*4+ *
Owens Hi OH.. • 56 55* 55*4*
tPAC COAST 1. 60 11 10* 10*-1*
Pae Pin Cal 1.60 4 it* It* it*-*
Pac Gaa&Slec 2. 4 34* 34* 34*
Pac Llgbtina 3. I 53 53 33
Pie Mills 2*b._ 5 41* 41* 41*- *
Psc Tin Cons.. l 5* 5* 5* - *
Packard M .16s 143 4* 4* 4*
Pan Am Air tie. 11 t* t* 9*4*
Pan Am Pet le 1 17 17 17 - *
'Penh KPL pi 4 30 94 94 94 -1
Ptnh PAR .30 26 9* 9* 9*4 *
°iram Piet 2 26 23* 23 23 4 *
Parke Dsv l ose 4 27* 27* 27*-*
Perm Trans .AO 1 7* 7* 7*
Patino Mnal’ab 1 14 14 14 -*
Penlck&F 1.20e. 3 31 30* 30*- *
pennev tJC> 2a 4 45* 43* 43* 4 *
Penn P*L 1.20. 18 18* 16* 18*-*
Penn R R tie 54 16* 18* 18* 4 *
Peo GLAC 6tie. 1 97* 97* 97*41
Penal-Cola 30e 21 12* 12* 12*
Petrol Corn 30e 17 13* 13* 13* - *
Pfeiffer B l.Ooe. 1 17* 17* 17* 4 *
Pnzer CccLo 2a 2 54 54 54
Phelps Dodg 3e 17 55* 34* 55* 4 *
'Phil C 614 of 3 SO 53 52* 53 1 *
'PbU Co S6 of 6 20 100* 100* 100* 4 *
Pbile Elec I 20 3 23 22* 22*
'PhlX14.3pf4.30 30 104* 104*104*- *;
PhllARdg Ctl i 16 18* 18* 16* 4 *
Phllco Corn 2 2 41* 41 41*4 *
Philip Mor 1 *a 27 35* 35* 33* - *
tPhlMpM Pf3.60. 10 86* 86* 86*4 *
HhilUts reiioi 3 15 67* 67 67*4 *
'Pills Mills nf 4 30 101* 101 101 -1
tpitt Ft Wn pf7 10 166 166 166 -1
PittPlateGls s,e 3 35* 34* 34*
Pttlston Co ? J 38% 38 38%+1
Plym Oil 1.40e « 49% 49% 49%+ %
RuiEltcPwi «0 8 13% 13% 13% - %
Pressed Stl Cer 10 8% 8% 8% — %
Proct & Gam 3a 8 68% 68% 68%
Pub Svc Col 2 20 2 39% 39% 39%+ %
Pub SvEAG 40e 10 23 22% 23
PubSEAGpf 1.40 11 27% 27% 27%
Publicaer v»f 4 21% 21% 21% - %
Pullman Hie... 3 43 42% 43 + %
Pure OU la __ 18 37% 36% 36% - %
Pure Oil pf 8 2 107% 107% 107% + %
PurltvBak 2.40a 3 31% 31% 31%
QUAK OILl.lOe 1 23% 23% 23% - %
RADIO CRP 3U# 16 12% 12 12% - %
Radlo-K-0.45e 13 8 8 8 - %
tRR Sec I C Stic 100 33% 33% 33%
’Rais Pur pX3S* 100 98 96 96 +1
Rayb-Man l’.ie. 1 31 31 31 + %
Rayonler %e .. 7 32% 32 32 - %
Reading Cole. 5 25 24% 24%+ %
Reading 1 pX 2.. 1 43% 43% 43% + %
Reading 2 pf 3.. 1 36 36 36 - %
Reeyei Brag la. 1 14% 14% 14% + %
Rem Rand lb . 8 12% 12% 12% - %
Reo Motors 2 Via 10 18% 18% 18%+ %
Rep Aviation 12 10% 10 10% + %
Republic Picture 3 3% 3% 3% + %
Repub Piet pf 1. 1 8% 8% e%
Repub Steel la. 34 29% 29% 29%+ %
Revere C A B 1. 4 17% 17% 17%
Rfxall Drug 4 6% 6% 6%
Reyn Metals Via 3 22% 22% 22% + %
'Rcy Met pf SVi 10 100 100 100 - %
ReynTobBl.HO 25 38% 38% 38% + %
Rey Tob pf 3.60 2 90% 89% 89% - %
thee i M!gl 60. 2 21% 21% 21%+ %
Richfield 0112 .. 22 39% 39% 39%+ %
Roan A Coo 33* 2 5% 5% 5% — %
Rob-Fylton .70e 15 10% 10% 10% + %
RonsonArli 20a 521 21 21 +1
.SAFEWAY 81 1 6 18 17% 18 + %
'Safeway pf 6 100 111 110% 110%- %
St Joe Lead 2 V«e 2 54 53% 54 +1
01 D ban Fran 29 14% 13% 14% + %
St L San P pf 5. 9 43% 43 43%+%
St Re* Pap .60*. 13 11% 11% 11%+ %
Savage Arms V.e 43 14% 14% 14% + %
SchenleyDistU 2 19 29% 29% 29%
Scranton Elec 1 2 14% 14% 14%
Seab Air Line . 13 22% 22 22%+ %
Sears Roebc* 1* 28 38% 38 38%+ %
Seeger Refa .65* 5 11% 11% 11%
seiDerhng Kub. 17 7 7
Serve! Inc .30* 1 12% 12% 12% + %
ShamrockO 1.60 2 32 32 32 + %
SbattuckPG .40 1 11% 11% 11%
SheaOcrPen.40a 1 13 13 13 + %
Shell On OU le 5 40% 39% 40 - %
Sheraton Co 40 11 6 6 6
Simmons lVie_ 3 29% 29% 29% — %
Sinclair 011 2 _. 34 27% 27 27
Skelly Oil2Vib.. 2 120 120 120
Smith A O Vib_. 3 30 29% 29%
SmithACoron 2. 2 20% 20% 20% + %
SmithASons 2a 1 35 33 3J — %
SmithAS 4.20pf 60 9 5 95 95 +1%
Socony-Vac 1 . 45 19% 19% 19% - %
Solvay AM of 4. 1 100% 100% 100% + %
So Am Gold %e. 6 3% 3% 3%
SO Caro EAG % 6 7% 7% 7%
So P RlcoS fie . 6 41% 41% 41%
SoeastGreyl 70 2 12% 12% 12%
Sou Cal Edis 1% 5 30% 30 30% + %
Sou Nat Gal 1% 30 27% 27% *7%-%
South Pacific S 123 60% 59 60%+3%
ooutnern Rwr 4 8 43% 44% 43% +1%
Southern Ry nffi 2 64 64 *4 + %
SDear A Co _ 3 * 6 6 + %
spencer Kell 2.. 4 24% 24% 24%
Sperry Corp 2_ * ** *7% 27% — %
Spiegel Inc 5 10% 10% 10%+ %
Square D Co Vie 1 18% 18% 18%
rSqulbbAS Pf 6 . 30 100 100 100 +%
Stand Brands 2 9 26% 26% 26% + %
Sto UsAEl S4of. 5 22% 22% >2% + %
Std OU Cal 3e.. 21 65% 65% 65%+ %
StdOllIndSa.. 6 47% 47% 47% - %
std OU N Jer lb. 4i 79% 70% 79%+ %
S d OUOhlO 1% 12 29 28% 28%
Std Stl Spring 1 2 13% 13% 13%+ %
Stevens JP 2a 17 29% 29 29 -%
Stewart-Warn 1 2 13% 13% 13% - %
Stokley-V C nl 1 1 17% 17% 17% - %
StoneAWeb Vie. 3 16% 16% 16% - %
Studebaker %«. 16 23% 25% 25%+ %
Sun Ot) lb 2 68% 68% 68% + %
tSun Oil pfA 4% 10 117 117 117
Sunray Oil 1 15 14% 14% 14%
SUJiSV Pf B 1%. 1 23% 23% 23% - %
Sunshine Blsc 3 2 37% 37% 37%
Sunshine M 80 2 9% 9% 9%
Sutherld Pap 2a 1 42% 42% 42% +1%
Sweets C A l’/«e. 2 11% 11% 11%-%
SwlltACe 1 80a. 1 33% 33% 33%
Swift Inti ,40p. 7 15%+ 15% 15%
Sylvan Elec 1.40 10 21% 21% 21% + %
TELAUTOGRPH 1 4% 4% 4%
Texas Cob 15 59% 38% 38% - %
TexGulfPrd Sfie 1 21% 21% 21%
TexGullSul 3Vie 11 83% 63 63%+ %
TexPacCAOla 2 46% 46% 46% - %
TexPacLTr .70*. 3 36% 36% 36%
Textron la ... 6 13% 13% 13%
Textron of 1 V«_ 1 17% 17% 17% - %
Thatcher 30p . 1 7% 7% 7% + %
tTbatchpf 1.301110 29% 29% 29%+%
Thermoid Vit.. 5 8 8 8
third Ave Tran* 1 9% 9% 9% + %
ThomasStll 60a 1 21% 21% 21%+%
Thomp J R .40e. 2 8% 8% 8% - %
Thompson-Star 1 3V+ 3% 3%
TideWatOil 1.60 15 27% 26% 27% - %
Timk-D Axle It 1 20 20 20
Timken RB 2!4* 5 50% 49% 50% +1%
Transamer Via. 1 11% 11% 11% - %
Trans A W Air. 9 15% 15% 15% + %
Trl-Cont Vie . 37 8% 8% 8%
LTuax-Tra 1.20. 3 18% 18 18 - %
Twent C-Pox 2 27 20% 20% 20*++ %
20thC-Fi Pf 1 V4 1 34% 34% 34% + %
UNDRWOD2Vj» 1 53% 33% 53%+ %
UnAtb&Rubl 10 13% 13% 13%
Union Bax 2a _. 2 34% 34% 34%+%
Un Carblda Vih. 57 40% 40% 40% + %
Un Oil Cal 1.32* 8 35% 34% 35% + %
Union Pacific 8 89 88 88% — %
Union Pacific Pf 3 49% 49% 49% - %
UuTankCar 2.60 8 34% 34% 34%
□nit Air Llnee 47 13% 13% 13% + %
Unit AlrLpf 4Vi 2 75 75 75
Unit Aircraft 1* 10 26% 26% 26% + %
Unit Biscuit la. 1 21% 21% 21%
Unit Carbon 2 . 1 34% 34% 34% + %
’UtdClg-Wpf3V4 40 46 48 48
United Corp- 38 3% 3% 3%
Unit Corn of 8 14 46% 45% 45%
Utd Elec Coal lax 3 24% 24% 24%+1
Utd Eng&F 2Vie 2 41% 41% 41% - %
United Fruit 2a 23 54% 54% 54% - %
Unit M * M la 2 15% 15% 15%
U8AF Sec l.Soa 2 27% 27% 27%+ %
’US A FrB 0f4 Vi 30 96% 96% 96%
U S Oypsum 3a. 10 106% 104% 106% +2%
U b Inn Chm 2e 2 33% 33% 33% - %
U S Leather %*. 1 5% 5% 5%
U 8 Leeth A 2e. 8 26 25’+ 26 + %
0 S Lines 2>+ 14 16% 16 16
OS PloeAF 2 SO 3 47% 47% 47% + %
US PlayCd 2a. 1 57V* 57% 57%
U S Plywood la. 2 31% 31% 31%+ %
U S Rubber ♦ 8 44’+ 44% 44% + %
tU 8 Rub 1 pt 8.210 128'* 127>4 12*14 4 14
US Smelt 184s. 1 4 6*4 4*14 4614
U S Steel 3Vie_2* 7*>4 77>4 78 + s*
OS Steel PIT .. 1U4 134 134 - 14
USTobac 1.20. 5 1814 1884 18>4
'U S Tob pf 184. 30 41 41 41
Ut Str<2d Df 14* 2 *'4 8*4 884-84
Ctd Wellpep V4» * 414 484 484 — 84
UtWsllDaPDfS 1 2* 28 28 -1
Onlv Lab . 1 784 784 784- 14
OntT Pictures 1. 5 10*4 104 1084
'UnlT Pic of 484 80 82>4 62>4 *284 + 14
VERT-CSU’ie * 1384 13 1384
Vick Chem 1.20. 2 2384 2384 23>4 - 84
Victor Chm .80c 3 3914 3* 39 - 14
VaCerolInChem 2 1284 1284 1284 + 84
Va-C Chm pfl2k 1 114 114 114 +2
Va El&Pwr 1 20 8 1784 17 17-84
'Va El & P Of 6 60 11384 11384 11384 - 84
Va Railway 284. 1 36 36 36 + 84
Va Rail Df 184_ 3 32 32 32 + 84
WALDORPla . 4 1384 1384 1384
Waltraen l.SOa. 3 3184 3084 3084+84
Walker Hlr 1 Via 6 23 2214 2284
Walworth .40e.. 3 1084 1084 1084
Warner Broa 1.. 7 11 1084 1084- 84
Warren Fndry . 1 *984 29'4 2984 + 84
Warren Pet 80. 16 *714 27 27+84
Wayne Pumo 2 2 2284 2284 2284 - 84
Wesson Oil 28«h 6 2884 2884 28’a + 84
Wesson Oil Df* 60 82 82 82
Wst ludSusP.a 1 2384 2384 2384+ 84
WPtnn Elec Vie 11 1784 17>4 1784+ 84
'W PenFw d(484 10 108 10* 10# - >4
WVaCtCl 05e « 20>i 20 20 - 84
WVa PulDdtP la 1 +884 4*84 4*84 + >4
WesternAlr Lina • 884 784 8 +84
WestAutoSuo* 7 3* 3884 39 +1
Western IM 6 13 1284 13 + 84
West Dn Tel la. 3 2084 20 2084
West Air Brk 2. * 37 3684 37
Weatlns Rise 1. 28 2784 2784 2784 + 84
WeitTieo 1.40.. 7 +984 49 4984+ 84
Wheel Btaall 9 4*84 4*84 4984+ 84
White Mot 1.00 3 1984 1984 1984
tWhite S M Df 4 20 9984 9984 9984 8- 8*
WIllys-OTcrlane 3 10 *84 10
WlUya Or Df *84 2 58 578* 578* - 8*
Wllson&Co 18ia 2 148* 148* 148*
Wilson of 484.. 1 85 85 S5 + 8*
Wise Else Pwrl 8 15'4 1984 1584
Wool worth 2s 17 4*84 4*84 4884 + 84
'WPMc»pn>f*84 JO 8084 0084 808* -1
'Wthni prof* 8* 50 7 2 718* 7184 - 84
WyandWor 40a 1 10 10 10
TONG S ft T 4a 3 0184 81 81
ZENITH R 184* 2 3 284 3 2 32>4 + 84
Zonite Prod 10a 1 4*4 484 484
■early *rla» aa <*• tsakaaia Mas:
11:00am 1*0000 12:00 noon 270000
1 ■MSB 350 000 MSsa 490 000
tUnlt of tradint. 10 shares "In bank
ruptcy nr recalTershlp nr beint reorcan
lted under the Bankruptcy Act- or secur
ities assumed by such companies. Rates
of niTidends in the (oreaelnt tabl* are
annual disbursement* based on the last
•
Rail Stocks Advance
On News of Dividend
On Southern Pacific
•y th« Associated Pr«ss
NEW YORK, Aug. 29—Railway
stocks moved ahead easily in today’s
market following news of an in
creased dividend by one of the
Nation's biggest transportation
systems.
Southern Pacific set the pace with
a gain of 3 points at one time.
Directors of the big road increased
the common dividend to $1.25 from
$1 a share.
Turnover in the rails, as in other
groups, was only a trifle faster than
the market’s recent loafing gait
although several large blocks of
stocks appeared on the tape.
Higher prices were paid for Santa
Fe, Pennsylvania, Southern Railway,
Central of New Jersey, Eastern Air
lines, United Airlines, Gulf Oil,
United States Steel. General Motors,
Chrysler, Kennecott Copper. Gen
eral Electric. Du Pont and United
States Gypsum.
Inclined to balk were Douglas Air
craft and Philip Morris.
New Haven 4tss of 2022 were
again in front of the bond market,
with modest improvement noted in
a number of other rail lines. Gov
ernment issues held steady in over
the-counter dealings.
Babcock & Wilcox, the company
whifh co-operated with Republic
Steel in development of a new cast
ing process, improved again in the
Curb.
Timken Announces
F.O.B. Mill System
ly th« Associated Press
CANTON, Ohio, Aug. 20.—Timken
Roller Bearing Co. announced to
day that effective Monday all prod
ucts of its steel and tube division
would be sold, quoted and invoiced
f. o. b. mill.
The new pricing system is in line
with a recent Supreme Court de
cision and follows similar actions
by other firms in the Industry.
C. H. McCollam, general sales
manager of the steel and tube divi
sion, said transportation costs after
August 23 will be shown as a sep
arate item on all quotations and
invoices so the customer can deter
mine readily the delivered cost of
products purchased.
Washington Exchange
„ SALES.
Potomac Electric Power common—200 at
•<*>• ?7 at 13H- ;:0° 13%.
Washington Gas Light common—100 at
Capital Transit Co—UA' at 17%.
Washington Gas 4.25 preferred—10 at
BONDS
_ Bid. Asked.
Am TAT cv db 2%s 1957 111 111%
Ain TAT cv db 2%s 1901 104% 105%
Can Transit 1st ref 4s 1904 9fl 98
Georgetown Gas 1st 6s 1801 114 _
Pot Elec Pow 3%t 1880 .. 106
Pot Elec Pow 3%s 1977— 108
Pot Elec Pow 3s 1983 ... 101%_;
Washington Gas 6s 1900 172%
PUBLIC UTILITY
STOCKS.
Amer Tel A Tel (8) 152% 16.1%
Capital Transit _ 17* 18
NAW Steamboat (t4) . 168
Pot Elec Pow com <901 13% 13%
P Kpr 3.60% pf "A" (1.801 42 43%
P El P 3.00% pf. "B” <1.801 43 44%
Wash Gas Lt com <t.50i 25% 27
Wash Gas Lt eu pf <4.261 100% 101 Va
Wash Gs Lt cu cvpf <4.601 103 106
BANK AND TRUST COMPANIES
Amer Sec A Tr new (tl.OO) 29% 31
Bank of Bethesda (tl.60).. 40
Capital ( 90) . _ 27% 30
Com A Saving* (tlO)_360
Liberty (8) _312
Lincoln <t6> . _380
National Sav Tr (8.00) 420
Pr Georges B A Tr (tl.OO) 30
Riggs (12). 815 836
Union Trust Co (tl.OO) 35
Washington <61 190
Wash Loan A Tr (12) . _ 330
FIRE AND TITLE INSURANCE.
American <t6) _160
Columbia <t.30)__ _ 12% i3U
Firemen's (1.40). 31
National Union (.76)_ 16 —Z“
Real Estate <t8> 190
MISCELLANEOUS.
Carpel Corp (3.00) 26 80
Garflnckel com (1.6o> 19 20
Oarfl 8%% cu cv Df (1.375) 23% 25',,
Garfl 4%% cu cv pf (1.126) 20% 21%
Hecht Co i].60> . 24 25%
Hecht 3%% eu Pfd (3.76). 87 90
Lanston Mono <t2.00i *32% 24
Mergenthaler Lino (al.50) 61 52%
Natl Mtg A Xnv pf (p.45) 8V*
Peoples Dru* St com <*1.001 32 33%
Security Storage (t5> ... 115 _
Ter Ref * Wb Corp (3) 80
Wdwd A Loth com (*2.00). 33 36
Wdwd A Loth pf new <5> 104
* Ex. dividend, b Books closed t Plus
extra or extrai. a Paid so far this year,
p Paid 1947____
Chicago Grain
CHICAGO. AUI. 20 iip<.—Mixed trends
ruled In the grain market today Prices
moved over a narrow range without show
ing any pronounced strength or weak
ness. Most of the activity wag in corn
The 8epember corn contract advanced
at the start, but then fell rapidly under
yesterday'a close. Little change was
shown by new crop months. Cash prices
were unchanged to a cent lower follow
ing yesterday's severe drop.
At noon wneat was % lower to 1%
higher, September 2.22%; corn was 2
lower to % higher. September 1.62%;
oats were %-% lower. September 72%.
and soybeans were 2% lower, Novem
ber 2.52%.
Ch lease Cash Market.
Wheat. No. 3 red. 2.20%; sample grade
.red tough, 1.97%-2.0R%; No. 2 hard.
7.21%; No. 3 hard. 2.70%. Corn, No. 1
yellow. 1.93VS-96; No. 2. 1.94%-96; No. 4.
1.91: No. 4 white. 1.72%. Oats. No. 3
heavy mixed. T6%; No 3 medium heavy
mixed. 75%: No. 4 medium heavy mixed.
74; No 1 heavy white. 78; No. 2 heavy
white. 77; No. 3 heavy white. 75%: No. 3
medium heavy white. 76.
Barley nominal; malting, 1.30-77; feed.
1.05-30; soybeans, none.
New York Cotton
NEW YORK. Aug. 20 (JP>.—Cotton fu-I
tures were irregular in glow dealings to-1
day. Scattered selling developed on re
ports of further easing in prices for cot
ton textiles due to a alow demand for
goods. Hedge selling was light, as pro
ducers awaited better prices in the futures
market for hedging purposes.
Warehouseman and tinners are re
ported predicting that a large part of the
Southeastern winnings will so Into Gov
ernment loan at current prices. Storage
space for loan cotton was reported ample.
The 1949 cotton crop deliveries were
strong on buying, influenced by reports
that the administration is considering
whether production controls should be
restored on the cotton crop next year
because of the indicated surplus of sup
plies this season.
Late afternoon prices were 1.20 • bale
higher to 25 lower than the previous
close. October 31.02, December 31 06
and March^ 31.08. _
Dividends Announced
NEW YORK, Aur. 20 (Pi.—Dividends de
cided today: Pe- Stock of Pay.
, R«te. riod. record, able.
Stock.
'Wamsutta Mills—
'One share for each 60 ahare* held.
Deferred.
Mllliron's Dept strs ___
Secular.
Bess Lime b Cem_SI_ 8-26 0-10
Bess Lime A Cem_$1 _- 9-25 10-8
Bond Stores_60c Q 9-1 9-14
Muskocee Co_35e Q 9-1 9-11
Pec Indemnity.. _50e Q 9-18 10-1
Twenty Cen Pk>x Film 60e Q 9-3 9-25
.Gold b Stock Tel.*1.60 Q 9-16 10-1
Leath b Co.. _26e Q 9-10 10-1
Mickelberry'a Pd
Prod _16c Q 9-10 10-1.
Modine Mfe _40c ® 9-2 9-11
Nat Rub Mach _ 25c Q 9-1. 9-15
Std Oil Ohio_ .■mie <2 8-31 9-15
Tobin Peck . _Inc Q 9-l*> 10-1
Union Wire Rope 20* Q 8-31 9-16
Market Averages
STOCKS. 30 16 16 60
Indst. Kalla. UUl. Sties.
Net chance_ -.3 —.6 —.1 --.3
Noon today_ 92.8 44.3 40.8 86.8
Prev. day_ 92.5 43.8 40.7 68.3
Week aco_ 91.0 43.0 40.4 67.2
Month aco_ 94.4 44.9 41.5 69.7
Year aco_ 92.8 .14.6 42.9 65.8
1948 hich_ 98.7 48 1 42.3 72.4
1948 low_ 83.3 34.2 38.0 80.3
BONDI- *&. d&T «& AViiSZ
Net chance unc. —.1 unc. unc. 4- .1
Noon today #1.3 100.9 99.7 55.2 107.8
Prev. day.. 91.2 101.0 99.7 03.2 107.7
Week aco.. 91.3 100.6 99.6 63.1 108.0
Month aco. 92.0 101.2 100.3 62.6 '109.0
Year aco . 94.3 103.4 105.4 70.8 114.9
1948 lOch. 93.7 101.8 102.0 06.9 110.6
1948 low . 87.7 99.8 98.0 00.2 107.2
(.Compiled bx theAssociated frets, i
Quarterly or semi-annual declaration.
Unless otherwise noted, special or extra
dividends are net Included, eld Called,
xlx dividend, xr Ex rights a Also extra
or extras, b Plus stock dividend, d Cash
or stock, e Declared or paid so far this
year, f Payable in stock, estimated cash
value on ex-dlvldcnd date, c Paid last
year. h Declared or paid after stock
dividend or spllt-up. k Declared or paid
this year, an accumulative issue with
dividends In arrears, n Paid this year,
dividend emitted, deferred or no action
taken at last dividend meetinc r Payable
is stock, exaet cash value undetermined
on declaration date.
Tractor Output at Peak
KANSAS CITY, Aug. 20 (*•>.—
Tractor production and retail sales
of farm equipment continued at
record levels during July, according
to Implement and Tractor, farm
equipment business paper. An all
time peak for the first seven months
of 1946 was reached, the publication
announced today, with tractor pro
duction in July totaling 50,500 units
to provide a total of 312,300 for the
first s^ven months. This compares
with 262,130 for a similar period
during 1947.
iConsumer Goods Sales
Remain at High Level
ly th* Associated Press
NEW YORK, Aug. 20.—Back-to
school promotions and favorable
weather in most sections of the
country helped hold retail sales in
the week ended Wednesday at the
high level of the preceding week.
Dun & Bradstreet said today. Dollar
volume was 6 to 10 per cent higher
than in the same week last year.
Numerous promotional sales of
fall apparel met with, increased con
sumer response. Women's velveteen
and corduroy jumpers and tailored
blouses continued to be in large de
mand. In many communities clear
ance sales of summer sportswear
and other clothing aroused interest.
Men’s clothing demand was slightly
below that of the previous week.
There was a considerable upswing
in the amount of installment buying
of consumer goods. Paint, hardware
and building materials continued in
large demand. Furniture in medium
price ranges sold well.
Food sales were almost unchanged
from the high level of the preced
ing week and slightly above the cor
responding week a year ago.
Regional percentage Increases in
sales over a year ago were: New
England, 6 to 10; East, 5 to 9; South,
2 to 6; Middle West. 13 to 17; North
west, 11 to 15; Southwest, 5 to 9, and
Pacific Coast, 1 to 5.
N. Y. Bond Market
(Fsrnlihed Sr Ik* luacutM l>i***.)
IIUCTD LIST OF IBS CBS.
WORLD BANK
Let BRAD 3s72 97 15
NEW YORK CITY
Ml 80 _. 102%
FOREIGN 2:30
Australis Ss 68 102
Australla3%sH2 91
Brisbane 6s 68. 100
0enmk4%sH2 66%
MCI 6s asd 33 n 9
RloGdoS 7s86st 24%
DOMESTIC 2:30
AmAF P 6s2030 94%
Am TAT 2J/4i6? 111%
Am TAT 2>/«s61104%
Am TAT 23.4l76 94%
Am TAT 2%s86 89
AmTobaCC03s62 102%
A T 8 F 4s 96 120%
ATSF al 4s 95st 112%
AtlRefln 2%s66 99
B A O 8a 96 J 74
BaltAOh 6s76B 91%
BaltAOb 5SMB8 64%
BAOc»4’/a3010 52
BaltAOh 4s76A 87
Bans A cn 4s 61 95%
Bell Fa 6s 60 C 120
Beth Stl 2%s 70 97%
Boat Ms 4s 60 79
Can Nat 4%s51 106%
Can Pae 4s nerp|94%
Cent Ga 4s 95 . 65%
Cn RR NJ 6s 87 69%
ChiAE I Inc 97 49
CMStP4 %s2019 72%
ChlANW 4%s99 64%
CRIPln4%s2U19 861%
ChiUnSt 3%s«3 104%
ChlAW I 4s 62 104%
Cin GAE 234S75 96%
Comwl Ed 3* 77 102%
ConsEdNY 3s72 101
Cons Ed e» 3s63107%
Cons P 2Tis 76 99%
Day PAL 23,i75 97%
Deere 23Aa 65 100%
Del A Hud 4s 63 96%
□et Edison 8s70101%
Erie 4%s 2016 70
Ooodrich2%s65 98%
HudAM rl 8s 67 63%
HudAM in 5*67 25%
111 Bell 2%s 81. 95%
I C 4s 62 2_103
I C 43As 66 84%
ICC 8tL 6s 63 A 96V*
ICCStLou 4s 63. 6*
IntGtNor 6s 62. 3*4*
1st G N Ist6s62 644*
IntH*droE16s44 65V*
Leh VI 6s2003st 44'*
Leh Vsl 4s2003s 36
Lorrlllsrd 3s 63 loiv*
Lorrlllsrd 6s 61 1084*
MsnstiSut 4s67 87
MlnM*M24il87100V4
Mo Psc 6Vis 49 27V*
Mo Psc 5s 77 P 85
Mo Psc tn 4s 76 47V*
Net Dalrjr 24*70 98
N O T M 6s 64 *2
NYC rf 6s 20] 3 78
NYC 4V*s2018A 6*1*
NYC con 4s UK 65
NYConn2’is75 *0
NYNH&H 6s 40 83>*
NYNHin4Vis’22 50V*
NYNHH 4S2007 72
NY P&L 24is75 *64*
Nor! West 4s 06127V*
Nor P clt 4Vis761024*
Nor PSC 4s 97 1034*
Nor Pac 3s 2047 63V*
PscT&T 3V.s87 1004*
PacT&T 2Vis 86 *5
Penn P&Lt 3s76 *0
Penn RR 4 Vjs651054*
PennRRi4Vis81 **4*
PennRR 3V4s62 99V*
Phil Co 4Vis 61.106
Phil* El 24is 67 »»V*
SasuensoP 3s71 *7
StL8F4VisB02* 60
3tLSanPrn4s97 83V*
SoPsdflc4Vis81 *4
Sou Pae 4 Vis 69 90V*
SoP*c4VisOr77 102i*
Sou Psc 24is96. OOV*
Sort an 4s 66. »7V*
StdOHNJ24is71 *3
Texas Corn 3S661034*
Tex&NO34»s90 *0>*
Ttx&Pae 37/.s861004*
Third Are 6s 60 54>*
Third ATS 4s 60 7*4*
Tol&OC 844*60 101
Un Pse 2Vis 76. »*
West Md 4s 52 101V*
West Un 6s 61 1004*
Wat El CV2.65*73101
Wise Cent 4s 49 67V*
N. Y. Curb Market
UST WCLUDIS ONI! SELECTED ISSUE*
I *:»•'
Alaska Airlines. 3%
Alum Co Am 2 MH
AmHardRub Vie 17%
Am Maracaibo 5%
Am Superpower %
Aneh Post Pr % •%
ArkNatOas .20e «%
ArkNGas A .20e «%
AshlandOU 1.20 1S%
Atlas Corpse 9%
BabcockftWil*. 58%
Barium Steel .. 5%
Bunker Hill la. 22%
Burma Ltd_ %
Can Marconi... 2
Catelln Am *
CenOh8tll>ie 17%
Cent&SW NO 10%
Cessna Aire .20s *%
Chlet Cohs Mns 1%
Cities Berries a. 5A%
Colonial Airline. 7%
col Puel&Ir ww 9%
Colts Mis 1%* 35
Coml & Sou war %i
Con Gas Ut 60a 11%
Copr Range ‘is 13%
Creole Pet 2.70e **%
Crown Cent Pet. «%
Cub Atl Bug 3a 1»%
Dennison A .60* 10
Derby OH 1V4*. *■%
DetGraylr .20*. 3%
H BondftSb V«g 13%
Fairchild E * A *%
FordMLtd .212s 3%
Fox Brew V«P— 1??/*
GenPlywood 40 «
Glen Alden C 2. 25%
Goldfield Cons.. %
Holl C Gold ■?* 7f
Humble 011 2*.«• 77V*
Imp Oil Ltd rt_. IV*
Int Petrol Vi... liv*
Kalser-Fraser.. 10
Ltnston M2*.. 23'*
Leonard Oil Dee V*t
Lone Island Lti. “Via
Louis L dt E la 20‘*
McClanahan OU IV*
MenaicoMIg... 2
MldStPB etc Vie 7**
Mid Western Of 10
Midi Stl n-cum2 24
Mid-West Refln 3V*
Monogram Piet 4V*
NatBeiHes* ,20e 4V*
Nat Press Ck 1 Vs 12'*
Nat Union Rad 2V*
N Jersey Zinc 2* «»'*
Niagara Hud Pr ■
Northrop Air Vig 11V*
Ogden Corn_ IV*
Okla Nat Oas 2 3»>A
Pancoatl Oil wd 3
Pantenee l 28 1*V*
PantepecOil wd. 13V*
Pennroad .40s dV*
PharieTdtR 15p 4>*
Pltney-Bow 00a 12V*
R-K-O opt war. IV*
Richmond Rad. 3V*
Sher-Wms 2'*a. *4'*
Solar Aire 30e. 12
SoPenOil .1.20a 43V*
SoCEd crpf 1.12 ld>*
Std Cap A Baal. 11V4
Starling Eng... IV*
Trl-Contl w w 3>*
Utd Lt&Rys 60s 1*V*
Ut-Id*hoSu.l5a 2V*
Veneruela Petr. 7V*
Veneg Syn ,16e. 4Vs
Chicago Livestock
CHICAGO. Aug. 20 UP* 1C8DA'—Salable
hogs, 4,000; total. 6,000; market very
slow and very uneven; 50 cent! to 1.00
lower: most aood and choice 100-2*0
pounda, 30.31.00; 31.25 paid for few; top.
31.50. ior short load: weights over 270
pounds very scarce; few 200-325 pounds.
26.00-29.00; several loads good and choice
120-180 pounds. 28.00-29.50: aood and
choice lows under 300 pounds, -*. 75
29.00: 326-350 pounds. 26 50-27.50: 375
400 pounds. 25.00-26.00: 425-475 pounds.
23.60-24.50; few heavier weights to around
23.00.
Salable cattle. 1.500: total. 1.500: sal
able calves. 300; total. 300; steers, heifers
and cows fairly active and steady: bulls
slow and weak; vealers weak to 80 cents low
er; choice steers absent: few high-medium
and aood kinds. 32.00-37.50; package good
fed heifers. 35.00; several loads common
light Southwest grass heifers, 20.00-22.25;
medium and good beef cowe, 21.60-26.00:
canners and cutters. 16.50-18.50: noi
strictly good sausage or beef bulls offered;
few medium weight and heavy bulls, 23.00
24.25: practical top choice vealers, 30.00;
few. 31.00. A
Salable aheep. 1.000; total. 2.000:
slaughter spring lambs steady to 50 cents
lower; good and choice native spring lambs.
26.50-27.00; top. 27.00; most medium to
good. 23.50-26.00; no Western lambs of
fered; slaughter twea scarce, steady; few
smay lote good and choice. 12.00: load
common and medium yearlings unsold.
New York Produce
NEW YORK. Aug. 20 ./P—Flour
steady . (72 per cent extraction—l^o
pounds!, spring patents. 5.75-0.00; East
ern soft winter straights. 6.40»<5; hard
winter straights. 5.70-06.
Rye flour steady—Fancy patents <100
pounds!. 4.95-6.05,
Cornmeai irregular <100 pounds!. white
granulated. 6.75-7.20. nominal: Fellow.
j ftn0
Butter. 414.1*0; firm Wholesale prices
on bulk cartons: Creamery, higher than
91 eeore and premium marks <AA>. 77%.
92 score (A'. 74%: 90 score <B>. 70: *9
score (Cl. 67%. 'New tubs usually com
mand % cent a pound over the bulk car
ton prlee.)
Cheese. 87,568: steady: prices un
changed.
Foreign Exchange
NEW YORK. Aug. 20 (Ah —Foreign ex
change rates follow 'Great Britain In dol
lars. often In eente):
Canadian dollar In New York open mar
ket. 7% per cent discount or 92.62%
U. S. conn, off of a tent.
Europe—Great Britain (pound). 4.03%.
unchanged: 30-day futures. 4.03%. un
changed: 60-day futures. 4.02%, un
changed: 80-day futures. 4 02%, un
changed. France (franc t. .32% of a
cent, unchanged; Italy (lira). August fixed
rate. 001739: July. .001739; Sweden
(krona), 27.85. unchanged: Bwltserland
(franc) (freei. 26.76. off .04 o fa eost
Latin America—Argentine (freei. 30 8*.
nominal, unchanged: Brasil (freei. 5.50.
unchanged: Mexico. 14.66. off .06 of a
cent. ___________
Portland General Electric Co.
earned *2.591554 or 92.59. rs. 92588.-;
544 or *2.39.
New Credit Controls
Effective Sept. 20 on
Consumer Purchases
By Chalmers M. Roberts
The Government has put a
brake on consumer credit, effec
tive a month from today, but it
is far from certain what effect
tiie new move will have on in
flation in general or the high
cost of living in particular.
The new rules, taking effect Sep
tember 20, will require a 30 per
cent down payment on the major
home appliances such as refrigera
tors and on furniture and a third
down on automobiles.
Announced last night by the Fed
eral Reserve Board, the consumer
credit controls were considerably
less stringent than those in effect
during the war when everything
under controls except furniture re
quired a third down. The board
appeared today to be moving back
into the credit control field cau
tiously in order not to cause any
violent reaction which might upset
the Nation's economy.
Items Under $56 Not Affected.
The new regulations were ordered
under authority of the Republican
anti-inflation bill passed at the spe
cial session of Congress and signed
by President Truman this week.
The credit control was the only
point in the Truman anti-inflation
program which Congress approved
as he had asked for it.
The new rule requires 33 V3 per
cent dowrn payment on automobiles
and 20 per cent down payment on
the following items: Cooking stoves,
dishwashers, ironers, refrigerators,
, washing machines, combination
units of any of these items, room
unit air conditioners, radio and
I television sets and phonographs,
suction cleaners and furniture and
soft-surface floor coverings such as
rugs.
There are no controls on items,
such as small radios, costing *50 or
less. Controls over all items listed
costing more than *50 and up to
*5,000.
Top Limit Raised to *5,000.
Where the cost is subject to
control and does not exceed $1,000,
the buyer will have up to and in
cluding 15 months to pay the In
stallments. For items costing above
*1,000 and up to *5.000, the buyer
will have 18 months to pay. In this
latter category, however, monthly
payments must not be less than *70.
The old wartime top limit of Items
under control was *3,000, but the
soaring price of automobiles led the
board to raise t£e figure to *5,000.
The ordinary charge account at a
store is not affected by the new
rules, although the Reserve Board
has authority to impose controls on
this type of consumer credit as well.
Personal loans, the kind repayable
in monthly installments, are subject
to the new controls as to time limits.
Single payment loans and loans on
houses are not affected.
Known as Regulation W.
The new controls will be known
as “Regulation W.” as were the war
time controls which ended last No
vember 1.
» A board spokesman said it is pos
sible the new controls may bring
lower prices on some of the items
affected. Tnts may result, he indi
cated, because sellers will have to
shift from competing with each
other by offering easier credit terms
to competing by offering lower
prices.
However, the advertising manager
of one large Washington chain now
selling appliances for 10 per cent
down, said he did not expect any
price changes as a result of the
new rules. He said the holiday pick
up in business in the fall may be
enough to counteract any loss caused
by the higher down payment re
quirements. He added he favors
the new rules because “they put the
dealer in a healthier position."
Bank Reserve Unaffected.
The Reserve Board spokesman also
said that the board has no imme
diate plans to put into effect the
other power granted it by Congress
—the right to raise bank reserve
requirements. The authority granted
was less, however, than the amount
asked by President Truman.
The board, in ordering the new
controls, said terms now offered
buyers “by merchants and lenders
extending credit have been relaxed
considerably. The rquirements of j
the new regulations are somewhat
less restrictive than those of last1
November, but considerably tighter I
than terms now in effect.”
The board’s statement said that'
it was “considering the advisability
of an amendment" to bring install
ment credit for home improvements
under control.
The new credit rules provide
fines for criminal violation of the
rules of up to <10,000 and a 10-year
jail penalty or both. The regula
tion also is enforceable by court in
junction.
Exempt from the credit controls
are medical, dental, hospital, edu
cational and funeral expenses; credit
for the purchase of stocks and
bonds; loans to pay for fire and
casualty insurance: business or agri
cultural loans; credit to dealers and
salesmen and other religious, chari
itable or educational institutions,
and any credit under the Govern-!
ment’s rehabilitation and readjust
ment programs.
Also exempted are such things
as Jewelry, silverware, pianos and
other musical instruments, all of
which were under wartime credit
:ontrols.
2 Boys Admit Starting Rre
That Killed 5, Injured 137
•y ttw AimiatW Pros
RENO, Nev„ Aug. 20.—Two “aw
ful sorry.” boys were held by Juve
nile authorities today for starting a
downtown fire Sunday which killed
five persons and injured 137.
i Police Chief L. R. Greeson said i
the 0-year-old'boys, both colored,!
told him they started a paper Are
in the basement of a vacant build- j
ing. then tried vainly to put it out
as it spread to stored junk.
“I won’t play with matches no
more.” one told him. Both were
placed under Juvenile Court Juris
diction but are being housed tempo
rarily in the county Jail.
Fire Chief Earl Evans announced
last night an Investigation showed
"an accumulation of gas, generated
by burning materials,” caused an
explosion which killed the five vic
tims. Spectators had crowded near
the burning buildings when the
blast occurred, burling debris
among them.
The investigation was made by
representatives of the National;
Board of Fire Underwriters, the
Fire Prevention Bureau, the district!
attorney's office and the police de
partment.
Attitude of Congress
Toward Handicapped
Held 'Wishy Washy'
Pauf A. Strachan, president of.
the American Federation of the
Physically Handicapped, today ac
cused Congress and the Govern
ment of a “wishy-washy attitude”
toward the bold development and
application of a real program for
handicapped persons.
Mr. Strachan opened the fourth
biennial convention of the federa
tion at the Roosevelt Hotel.
Slightly more than 100 delegates
had registered this morning for the
three-day session. Many of the
delegates were in wheel chairs, while
Group Studies Plans
For Employment of
500 Disabled Here
The citizens' committee for
"Employ the Physically Handi
capped Week" to be observed
October 3-9 Is studying possi
bilities of useful employment
for about 500 disabled persons
here.
Several topics were discussed
by the Executive Committee at
a meeting yesterday in the
Board of Trade offices.
The committee discussed the
types of work which could be
performed by home-bound
handicapped, including light
assembly work and setting up
a downtown booth for employ
ers to register for handicapped
workers.
' otheis used crutches or wore braces.
The federation president said that
while some advantages had been
won for the handicapped in recent
mont hs, efforts to help these persons
have labored under heavier disad
; vantages.
The advantages gained. Mr.
Strachan said, are that the whole
country ‘is becoming health-mind
ed" and that there is a "dim but
still all too small understanding of
the value of the handicapped as
workers beginning to dawn upon
industry.”
He complained, however, that cur
rent appropriations for the Agricul
ture Department amount to $733.
300,508 exclusive of a $400,000,000
loan appropriation for rural electri
fication, whereas appropriations for
rehabilitation of humans amounts
to only $19,000,000.
This afternoon, the delegates were
to go for a sight-seeing trip of the
city or watch motion pictures at the
hotel. The convention will go into
executive session at 7 o'clock to
night. reopening tomorrow at 9:30
a.m. with a panel discussion.
3 Vice President Named
In Realignment of Curb
Sy th« Associated Prtsi
NEW YORK, Aug. 30.—The New
York Curb Exchange announced last
night the appointment of Charles E.
McGowan, Christopher Hengeveld,
jr„ and Martin J. Keena as vice
presidents to head the three princi
pal divisions of the Curb.
Mr. McGowan will head the divi
sion of transactions and continue as
secretary. Mr. Keena will continue
in charge of the securities division.
Mr. Hengeveld heads the division of
administration and will continue as
treasurer.
The curb said the realignment of
administrative responsibilities re
sulted from the resignation effective
October 1 of Henry H. Bradenberger,
director of the former department of
outside supervision.
GEORGE I. BORGER
Loans on Real Estate
Sales, Rentals, Insurance
M3 Indiana Avenua N W.
NA. 0350
* * • 1 Cooperative direct
moil advertising idea 10 te IS quality
merchants might get together to discuss
possibility ol joint dinct moil brochure at
catalog to lorgo. corefully selected moiling
list lig, ottrodive boob would hove long
Ido in reodar's bonds. Merchants, yon
ton meet in my oNkol
IRVIN SHAPIRO. Advertising
1304 EYE St.. N W • STERLING «4R»
'Mimipmuj;
t COME IN >
See For Youraelf 4
k___ d
A FINE SELECTION ,
OF NIW ANO USED *
OFFICE FURNITURE ‘
AND EQUIPMENT '
ME. 2043
4
WE BUY, SELL AND RENT
639 New York Ave. N.W.
NOTICE OF REDEMPTION
TO THE HOLDERS OF
VICTOR PRODUCTS CORPORATION
Series "£" 5% Debenture Notes
Notice is hereby given pursuant to the
Indenture of Trust of Victor Products
Corporation of Hagerstown, Maryland,
to the Hamilton National Bank of
Washington. D. C., as Trustee, dated
December 17, 1940, that the under
signed as Trustee aforesaid has drawn
by lot for redemption on September 1,
1948. out of monies in the sinking
fund, the following numbered 8enes
“E" 8% S. P. Debenture Notes due
March 1. 1952:
Coupon Notes of <1,000 Denomination
M21-M26-M37-M40-M40-M50-M5*
M60-M78-M77
The notes herein designated by num
ber will be paid at the current re
demption price, namely 103% of tha
principal amount thereof, together
with accrued Interest thereon to said
redemption date. Said notes must
have attached thereto all coupon?
maturing on and after March 1, 1941.
Said notes will be redeemed at the
Hamilton National Bank, 14th and O
Streets N.W.. Washington 5. D. C.
Interest on the notes herein described
shall cease to accrue on September 1,
1348.
Hamilton Nation at lank at Washington,
Trust at
ly (S.) W. 3. Farster, Vita Praaidant
Detad: July 13, 1948.
d

Evening star. [volume], August 20, 1948, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 20, 1948, Image 15
About Evening star. [volume] (Washington, D.C.) 1854-1972