Evening Star Newspaper, April 3, 1932, Page 60

FINANCIAL. STOCK PRICES DROP TONEW LOW MARK Selling of Rail Issues Again Depresses Remainder of Market. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, April 2.—Selling con- verged upon the railroad shares in to- day's short session of the stock market, and price averages penetrated new low levels for the third successive day. Pressure was relaxed in the last hour, however, and enough short covering appeared to reduce the decline some- what. Extreme losses of 1 to 4 points ‘were numerous, but many of these were cut in half. Close is Heavy. ‘The industrials and utilities gener- ally finished within fractions .of yes- terday'’s final level, but several rails were off 1 to 2 points net. The closing tone was heavy. Trading was in fair volume for a two-hour session, trans- fers approximating a million shares. There was little in the way of fresh news at the end of the week to in- fluence the price trend. Brokers were still depressed over the proposed stock transfer tax, some intimating they might have to go out of business, and this was undoubtedly a psychological factor, although not all quarters in Wall Street were so disturbed over it. Most quarters were inclined to at- tribute the slump in rails to the lowest prices since the 1890s to fresh uncer- tainty over the Interstate Commerce Commission’s holding up approval of a reconstruction loan to the Baltimore & Ohio to pay off maturing bank notes. Despite assurances that railroad de- faults will not be troversy is regarded as having an un- fortunate effect upon market sentiment. ment. While second-quarter freight move- ment was estimated by the shippers’ advisory boards as 13 per cent under 1931, cgainst a drop of about 20 per cent in the first quarter, it was recalled that these estimates have recently been too_optimistic. Un?on Pacific dropped 4 points, then recovered half. Santa Fe declined 213 to a new minimum, then recovered & fraction. Directors meet next week for action on Santa Fe's dividend, recently cut to a $6 annual basis from $10. Southern Pacific, Missouri Pacific pre- | ferred, New Haven and New York Cen- tral closed a point or more lower. Bal- timore & Ohio preferred lost 2. In the industrials, Bethlehem Steel referred slumped nearly 5 peints. Case ost 3 and and Auburn dropped 4. Utilities held up better than recently, although North American and Standard Gas receded about a point. American Telephone rallied to close only a minor fraction lower, after an_ extreme drop of 11, United States Steel lost only 3, point net. American Can finished a full point lower. Oils Well Supported. ls held up better than most groups. 'x‘eox‘a: corporpnlm actually finished & fraction higher. This reflected the tak ing effect of the higher crude price schedule in the Mid-Continent this week. While some 1ulnen feel that higher wholesale line prices will be needed to support a $l-a-barrel crude, the gasu]ine market has stiffened en- couragingly. Foreign exchanges were marked by & renewal of stre: of the Prench franc. This currency ruled 3-18 of a poin higher at 3.94 3-16icen cables, or not far from ou gold_point from New York. Sterling weakened cables ruling 2 cents lower at $3.76. C. & P. OF BALTIMORE NETS $243,418 IN MONTH Special Dispatch to The Star. BALTIMORE, April 2. — Telephone operating reventies of the Chesa e & Potomac Telephone Co. of Baltimore SIT the Tepont ot operasions Just tied y opers! with the Maryland _Public Service Commission shows. Expenses during this period were $883,693, making net telephone revenues $243418. ‘Telephone revenues for the two months ary 29 were $2.- 273,142, as compared with $2,319,128 for the same period last year. Ex- penses during the two months amount- ed to $1804210, as compared with $1,846,317 for the first two months of 1931. Net telephone revenues for the first two months of thls year were $468,941. ‘The company’s revenues for the 12 months ending February 30 were $14,- 281,129. Expenses during this period were $10,997734, making net telephone Tevenues $3,283,395. BOND ISSUE GRANTED. The Interstate Commerce Commis- slon has authorized the Louisville & Nashville railroad to issue $50,000 of consolidated mortgage bonds of the South & North Alabama Railroad. By the Associated Press. Brokers' _loans Federal Reserve I 5 Holdings, U. 8. securities. Gold reserve .. Rediscounts aee . Bank clearings .. vaes Electric output (Kw. h.) week ended March 26 (Final three ciphers omitted in ab Car loadings, week ended March 19.. Crude ofl product (barrels) 3 Stock sales (N. Y. Stock Exchange).. Bond sales (N. Y. Stock Exchange).. $56,718,000 New financing . . 18,011,000 Call money rate . Time money rate Commercial paper permitted, this con- | ‘Th! New Chairman LOCAL BANKER ASSIGNE! PARLEY DUTIES. | I J. ROBERTS, Assistant cashier Riggs National Bank, | who has been made chairman of the 1D€putmemal Conference Committee of ‘lhe‘ American Institute of Banking, | which holds its annual convention in |Los Angeles June 6 to 9. This com- | mittee arranges and supervises eight | important conferences, securing capabie speakers and arranging the complete programs. Mr. Roberts has been active in institute work for yvears and is a former president of Washington Chapter. NEW LOW IN STOCK PRICES ATTRIBUTED TO TAX PROPOSALS (Continued From First Page) been more resistance shown by those commodities so long quoted at histori- cally low prices. Only a few important dividend changes have been announced this week. The March quarter, however, was conspicuous for the number of pay- ments reduced or omitted and for the high proportion in this list of changes that affected banks and other financial companies. Railroad Income Rises. As an illustration of how much more influential now in creating market sen- timent is a technical, rather than a practical situation, let us consider the action of railroad’ securities this week, when they showed the first net improve- ment in their monthly statements, but were implicated in a controversy at ‘Washington over the responsibility of railroad bankers to their clients. Due to a close operating policy and the earliest benefits from the wage reduc- tion, the February statement of one- third of all of the class 1 roads indi- cated a larger net operating income in February than in the year previous: also a striking comparison in both gross and net with the January figures. It had been anticipated that when this turn came it would have a marked senti- mental effect on railroad securities. The value of it, however, has been lost in a dispute between the Inter- state Commerce Commission, the Re- construction Finance Corporation and the railroad bankers, which has been carried to the floor of the Senate, over loans to carriers now held by banks which the latter apparently do not wish to prolong for an indefinite period. t | As a result, all railroad securities have been in a state of collapse. ‘There is considerable merit to the argument that a banker who obtains a satisfactory commission from the sale of railroad securities should be willing to extend aid to his clients when they are in need of it. Theé principle is not one, however, that at this time should be made paramount to a grant of as- sistance by a Government agency set up for that purpose under legislative act and required in order to prevent insolvency. It is as much out of order as the Glass bill, with its radical rec- ommendations, which might be car- ried through without disturbing effect and to a gain for sound banking if pro- moted when there is the usual peace of mind in business circles, but which it is now inappropriate to argue or en- force. -We shall not go very far along the road of recovery if every construc- tive measure proposed and grudgingly enacted by Congress is to be paired with legislative meddling with the legitimate processes of business and a new emergency created after an old one has been met. (Copyright, 1932) POTATO MARKET. CHICAGO, April 2 (#) (United States Department of Agriculture) —Potatoes, 73 cars; on track 251; total United States shipments, 788; old stock, dull, trading slow; sacked, per hundredweight, Wis- consin round whites, No. 1, 75a85; un- classified, few sales, 70; Minnesota, 1.10; Idaho Russets, few sales, | 140} new stock, steady, trading just fair; Texas Bliss Triumphs, United | | States No. 1, mostly 3.00; No. 2, 2.00. WEEKLY FINANCIAL HIGH LIGHTS Last week, $524,000 70.6% $834,998 3,007,487 665,583 5,110,772 is week. $525,000 70.9% $871,618 3,017,787 633,255 4,278,644 1,514,553 ove.) 584,634 2,163,050 7,681,615 Year Ago. $1,875,000 163,630 9,591,033 1,537,747 1,689,407 742,942 2,275,350 11,238,278 $52,050,000 126,960,000 1%5-2% 113-2% 2% % 575,481 2,157,200 4.719,802 $40,196,000 34,781,000 212% 2%-315% 394-4% WASHINGTON STOCK EXCHANGE YEAR 1932 (Reported by W. B. Hibbs & Co., Hibbs Building, Washington, D. C.) OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1933 UP TO AND INCLUDING PRIDAY, APRIL 1. BONDS. PUBLIC UTILITIES Ana. & Pot. Riv. R. R. st B5s. 1949 Capital Traction 1st Bs, 1047 City & Suburban Ry. lst Bs, Georgeown Gas Light 1st Bs, Poto Electric Power cons Potomac Electric Power gen Washinston Gas Light 5s, Washington Gas Light 65, Washington Gos Lisht 6s Washington Railway & Electric s, MISCELLANEOUS. Chevy Chase Club 5'4s 1048 b5, 1 & ref. 1960 197¢ STOCKS. Par Div. value. rete. PUBLIC UTILITIES, Capital Traction Potomac Electric Power ptd. Potomac Electric Power pld Washington Gas Li Washington Rallway & Ei TITLE INSURANCE. Oolumbia 81 Columbis Sand & Gravel pfd.... Pederal Storage Co. ptd. ... Lanston Monot Merchants’ Transter & Merchants' Transfer & S Mergenthaler Linotype Nat. Mtge. & Inv. pfd 1901.. 1033, series A 1936, series B Approx. yield to Close. maturity, 5% 13% o 9.1% “® 13% 1007 4.98% 100 4.95% 106 B.5% 100% 4.98% 100 6% 03 5.15% 80 5.65%" Open. High 511 Slig 63 49 100" 101 108 101 Low. 51% E I 100% 100 108% 9 9% 100% 80% 931 S s, 1953, 1951 100% 100% A Low. Close. B 18 109 110% 102 105 % 90 L 90 00 32.00 6.00 5.50 3.60 5.00 30 7 L] 9! 7 o 3 North Dakota Red River Ohios, }gs.f .35a —1932— High. 4 115 = Brown Shoe pf (1) 1 61 1% 4 Th 13% 20% 50 o FOR WEEK ENDING APRIL 2, Stock and Dividend Rate. Abitibi Pwr & Paper. Abitibl Pwr & Pa pt. Abrahamé&Straus 1% Abram Straus pf (7) Adams Express Adams Exp pf (5). Adams Millis (2) 8 10% Addressograph (1)..x 17 2% Adv Rumley. 6 193¢, Net. . Low. Close. Chge. 2 1% — % by —1% 17 Low. 1% 208 100 105 Affiliated prod 1. 24 46 Air Reduction(14%) x 142 1% Airway Elec Appl... 5 11% Alaska Juneau (50c) 1098 1% Alleghany Corp. . 101 215 Alleg Cp pf $30 ww 24 Alleg Cp pf $40 ww 2 Alleg Cp pf $30 xW. . 623 Allied Chemical (6). 108 Allied Chem pt (7).. 9% Allis-Chalmers(50¢) 7% Alpha Port Cemt (1). % Amal Leather 6 Amal Leather pf. 12 Amerada Corp (2). 5% Am Agri Chem(Del). 1215 Am Bank Note. 9 40 Am Bank Note pf (3) 408 Am Br Shoe (1.60).. 16160 2 Am Brake Sh pf 30s Am Beet Sugar. 2 Am Beet Sugar pf... 20s Am Can Co (15) Am Can Co pf (7).. Am Car & Foundry "2 Am Car & Fdy pt (7) 6308 Am Chat . 4 Am Chicle (3)...... Am Colortype = Am Comel Alcohol. . Am Encaustic Tiling Am European Secur. Am & Forgn Pw! Am&Forzn Fw(6)pf. Amé&Forgn Pw(T)pt. Am & For Pwr 2d pf. Am Haw St’ship (1). Am Hide & Leath pf. Am Home Prod 4.20 Am Ice (2). Am International Am La France&Fom. Am Locomotive... Am Locomot pf(7) Am Mch & Fdy 1.40 Am Mach & Metals Am Metal Co. Am Metals pf Am News (3)..... Am Pwr & Lt (31 Am Pwr & Lt pf (6 AmP&LtDLA (5).. Am Radiator (40¢) Am Radiator pf (7). Am Republics. Am Rolling Mills Am Safey Raz (3). Am Seating Am Shipbuilding(3). Am Smit & Rfg(50c) Am Sm & Rfg pt (1). Am Sm&R 24 pf (8). ' Am Snuff (13%). Am Steel Foundry. .. Am Steel Fry pf(7). 4« Am Stores (1234) 1104 =7 9% — % 32 —10% 100 —10 A — % Bly —1% 21% —-2% at W 1st pf(6) ‘Am Woolen vtc new. 5 Am Woolen Co pf Am Writ Paper ctfs. Am Zinc & Lead. ... ‘Am Zinc & Lead p Anaconda Copper. Anaconda Wire & Anchor Cap (2.40). Anchor Cap pf (614). Archer-Daniels (1) Armour of Del pf(7). Armour of 111 (A). Armour of 111 (B). 4 Armour of Il pf. Arnold Constable Artloom Corp Associated App: Asso Dry Goods Asso DG 2d pt (7)... ‘Atch To & San Fe($) Atch To&S Fe pf(5). At] Coast Line (4). Atl Gulf&West Ind 14% Atl Gulf& W Ind pf Atlantic Refining (1) Atlas Powder (2).../ Atlas Powder pf ( Atlas Stores (60¢). Auburn Auto (£4). Austin Nichpf A1% 508 % Autosales 10 % Autosales pf. . 108 215 Aviation Corp (Del). 81 4 Baldwin Locomotive _ 55 16% Baldwin Loco pf. 11% Baltimore & Ohio. 15% Balto & Ohio pf 22 82 Bamberger pf (8%). 490s 17 Bangor&Arostk(2).. 5 65 Bang & Aroos pf (7). 130s 1% Barker Bros. 408 % Barnet Leather 4 1112 79 -13 405 —1% 2% Belding-Hemingway 73 Bendix Ava (60¢).... 18% Best & Co (2) 15% Bethlehem Steel. . 4013 Bethlehem Stl pf ( 13 Bigelow-Sanford 7 Blaw Knox (50¢).. 60 Bloomingdale pf (7 50 Blumenthal pf (7). 11% Bohn Alumn & Bra: 48 Bon Ami (A) (15). 34%, Borden Co (3). 7 Borg Warner (1) 7 Boston & Maine. . 77 Briggs Mfg (1) Ti; Briggs&Stratton(1) . 215 Brockway Mot Tr pf. 3015 Bklyn-Man Tran (4) x 487 68 Bklyn-ManTrpf (O)x 7 7145 Bklyn & Queens . 18 46% Bklyn&Queens pf(8) 1 72% Bklyn Union Gas(b). 26 331 Brown Shoe (3) 3 . 2008 9 1% Brunsw-Balk Bruns Term & Rwys. irie 1% Budd (E G) Mfg. 10 Budd (EG) Mfg pf. 2 Budd Wheel, 3% Bullard Co. 2 Bulova Watch. 1% Burns Bros (A) 1 Burns Bros(A) vte.. 1% Burns Bros (B). 515 Burns Bros pf. . 8% Burroughs Add(3¢c) 15% Bush Terminal(2%). 50 Bush Term deb (7) 72 Bush Termi f x1208 101 Byers (AM).......0 50 Byers (A M) pt(7 8 California Packing 2 Calumet & Hecla, 5% Campbell-WyantFy. 1 Dry (1.20).. x 48 17: 4 1563 1508 156 208 2214 Capital Ad pf(A) (3) 261 Case (J 1) Co. 49' Case (J1) pt (T). 7 Caterpillar Trac (1), 1'% Cavanaugh-Dobbs... 3 Celanese Corp. 2 Celotex Co, 1 Celotex vtc et 6 Celotex pf 11 Cent Aguirre (13%4) 4% Century Rib Mill 7 Cerro de Pasco (1) 2, Certain-teed Prod. 4% Checker Cab Mfgr... 16% Chi Ohlo (2%)... 10% Chesapeake Corp(3). 1 Chi& Eastern Ill 1% Chi & Eastern Ill pt. [ 7% Chi Great West pf... 2% Chi Great Western, 1% Chi Mi] StP & Pac. 214 Chi Mi] StP & Pac pf 5% Chi & Northw 14 Chi & Northwest pf. 2% Chi Pneu Tool. .. 4% Chi Pneu Tool pt. ... 5% Chi Rack 1 & Pacifie. 8% Chi R 1 & Pac 6% pf, 10% Chi R1& Pac 7% pf. —1932.— Stock and High 2% 8% Low. Dividend Rate. 5% City Stores. . 8 Clark Equipi = Cluett Peabody (2). Coca Cola (18). Coca-Cola (A) (3) Colgate-Pal-P (2%). Colg-Palm P pf (8).. Collins & Atkman. .. Collins & Aik pf (7). Colonial Beacon. . Colo Fuel & Iron. ... Colorado & Southern 15% 97 APRIL_ 3, les— Add 00. High. Low. Clos ok 6 8 8 2 18 18 200 113% 105% I 9 49 24% 920 Colo & Sou 1st pf (4) 2 Colo & Sou 2d pf (4). Columbia G&EI(b1% Col Gas&El pf A (6). Columbla Pic ctfs. .. Columbian Carb (3). Coml Credit (1). .... Comecl Cred 15t(6% ). Coml Credit A (3)... Comel Cred pt B (2). Comel Cred pf (1%) Comel Inv Trust (2). 2 Comcel Inv T war sta. Comel Inv Trpf 6. Comm Inv cv pf(e6). Comm Solv (80c). ... Comwlith & Sou (30¢c) Comwlth&Sou pf (6) Congolm Nairn (1).. Consol Cigar (3). Consol Cgr pr pf 614 Consol Cigars pf (7). Consol Film. . . Consol Film p: e Consol GasN Y (4).. Consol Gas NY pf(5) Consol Laundries (1) Consol Oil Corp. Consol Ol Cp pf(8) Consol Textile. .. Container Corp (A) Container Corp (B).. Contl Baking (A) Contl Baking (B) Contl Baking pf (8). Contl Can (2%)..... Cont Diamond Fibre. Cont Insur (2.40) 1 Contl Motors. 5% Contl Oil (Del). % Contl Shares. 37 Corn Products (3). 120 Corn Prod pf (7). 2% Coty Inc. ... 19% Cream of Wht 3% 19 15 82 Crucible Steel....... Crucible Steel pf (7). % Cuba Cane Products. 1 CubsCoi... . 1 Cuban-Am Sugar.. 6 Cuban-Am Sugar pf. 30 Cudahy Packing (4). 20% Curtis Publishing(2) 75 Curtis Publish pf(7). 1 Curtiss Wright..... 1% Curtis Wright (A).. 701 Cushmans pf (7).. 7 Cutler Hammer 3 Davison Chemical. .. 8 Deere & Co pf (1.40). 641, Delaware & Hud (9). 1213 Delaware Lack & W 4 Denver&RG W pf.. 97 Detroit Edison (8). . 104 Devoe & Ray A(60c). 12!, Diamond Match (1). 21% Diamond Mtch pf 1% 7% Dome Mines (1).....x 13 Dominion Storestli 7% Douglas Alrcraft (1) 17% Dresser Mfg A (3%) 8 Dresser Mfg B (2). 42% Drug Corp (4). 1 Dunhill Internatl... 431 Dupont de Nem (4) 98 Dupont de N pf (6).. 89 Duques Lt 1st pf (5). 3 KEastern Roll Mills. . 6815 Eastman Kodak (5). 110 Eastman Kod pf (6). 4% EatonAxle& Spr 50c. % Eltington-Schild. 4% Eitington-Schild pf 1814 Elec Auto Lite (4). 88 Elec Auto Lite pf(7T 1% Electric Boa > 2% Elec&Musical Instru Tis Elec Pwr &Lt (1)... 24 Elec Pwr & Lt pf(6). 29 Elec Pwr& Lt pf(T). 243 Elec Storage Bat (3) 25l Endicott-Johnson(3) 100t Endicott-John pt (1) 15 Eng Pub Sve (1.40).. 42%% Eng Pub Sve pf (6).. 1715 Equit Office Bldg 2% 5 ErleRR.. 5 7% Erie R R 18t p 31 Eureka Vac (a. 9% Exchange Buf (25c: 1% Fairbanks Co pf..... 2% Fairbanks Co pf ctfs 3% Fairbanks-Morse. ... 53 Fed Lt & Trac pf (6) 2 Federa] Mot Truck. . 1% Federal Screw Wks 3% Fed Water Service A 10% Fed'd Dep Strs (80c). 20 Fid Ph Fire In(2.60). 814 Fifth Ave Bus (64c) 7 Filenes Sons (1). 86 Fllene's Sons pf 63 . 11% Firestone T & R (1). 50 Firestone T&R pf(6) 413 First Natl Strs (2%) 14 Fisk Rubber. ....... 1% Fisk Rubber 1st pf. % Fisk Rub 1st pf cv. 7% Florsheim Shoe (A). 4 Follonsbee Bros. ... 613 Food Machinery (1). 615 Foster-Whealer. . 214 Foundation Co. 16%3 Fourth Nat Inv 1. 2% Fox Film (A) 15% Freeport-Te: % Gabriel Co (A 10% Gamewell Co (1 2% Gen Am Investo 49 GgnAm Inv pt (6).. 26% Gen Am Tank Car(4) 10 Gen Asphalt (1). 11 Gen Baking (2) 97 Gen Baking pf (8). 1% Gen Bronze. . 1% Gen Cable 3 GenCable (A). 11% Gen Cable pt, 28% Gen Clgar (4) 89% Gen Cigar pt ( 1674 Gen Elec (1) 10% Gen Elec spec (60c) . 31% Gen Food Corp (3).. 113 Gen G&E A (b6 % stk) 11! Gen Gas&E cv pf(6). 21% Gen Ital Ed El m2.61. 31% 86 14% Gen Motors (2 76% Gen Motors pf (5)...x 314 Gen Outdoor Adv. ... 6 Gen Outdoor Adv (A) 10 Gen Printing Ink(1). 44 Gen Prig Ink pf (6). 3 Gen Public Service. . 18 Gen Rwy Signal (3). 756 Gen Ry Signal pf (6 Gen Realty & Util. Gen Realty & Util pt. Gen Refractorfes. . Gen Steel Casting pf. Gen Theater Equip. . Gillette Stf Ras(1).. Gillette Sat R pt(5).x 4 Gimbel Bros : Glidden Co. Gobel (Adolf) Gold Dust (1.60). Goodrich (B F) Goodrich (BF) pf. A Goodyear Tire&Rub. Goodyear 1st pf (7). Gotham Silk Hosiery Gotham S H pt (7). % Gould Coupler. Graham-Palg Granby Consol Cop. . % Grand Silver Stor 6% Grand Union........ 23% Grand Union f (3).. 12% Granite City Stl (3). 24% Grant (WT) (1). 12% Great Northern p! 10 Great North Ore(32). 4! Great Western Sug. . 6613 Great Wn (7). 12 Greene Cana % Grigsby Grunow. ... 8 Gulf Mobile&Nor pf. Hackensack W (1%) Haclien Wat pf A 1% pt Hall(WF)Ptg(a30c) Hanna pt (7). 2 Harb & Walker(50¢). Hartman Corp (B) . Hayes Body Corp.... 425 3608 126% 16 19 7 1 5 2 . 5 13 3 408 4 1459 48° 7 103% 80s 93% 6 3 304 76% 108 115 68145 136 A " s 45 1814 28 104% 1 15 591 174 5 8 5l 10 5 108 2 15 103% 1 1% 1% 3 12 32 90 16% 36 6 4 108 10s 42 1932—PART- 8 18 07 49 69% 15 4% k) 4% 19 881 1% 3 T Net e. Chge. - | 83 1 2414-16% 3013-111 041 15 5915 1% 5 8 5% 15 034 1 —4% —1932. High. 35 25 993 84 113 13% 38 19 110 87 9% 187 SIX. e Stock and Low. Dividend Reate 72 Hershey Choc pt 15, . % Hoe (R) & Co. 6 10 Holland Furnace (1) 51 Hollander Sons. ... 110 Homestake M 13.80 .. 214 Houdaille Hershey. 53 Household Fin pf 4.2 16% Houston Ofl. . 5 314 Houston Oil (new) . 9 Howe Sound (1). 18 Hudson & Man (3%} 43% Hudson Man pf 5 Hudson Motor Car 212 Hupp Motors. 933 Iilinois Central. 20 Illinois Central pr. . 2834 Illinois Cent11 (4) Indian Motor Cycle. . Ind Motor Cycle p. | Indian Refining. ... | 4 Indust Rayon (4). Ingersoll Rand (1).", Inland Steel (1)...." Inspiration Copper. | Ins Shs(Del)a62 4o, Insur Sh(Md) (25¢) Interboro Rap Trans Intercontl Rubber. .. Interlake Iron. Int Agriculturs. "’ Int Agriculture pf. ., int Bus Machine (ng) Int Carriers(a22ye) Int Cement (2). Int Combustion. Int Combustion pf Int Harvester (1.30), Int Harvester M. Int Hydro E1 A (e2). Int Match pfd. ... Int Merchant Marine Int Nickel of Can, Int Nick Can pt (7) | Int Paper pf.. s Int Paper & Py A) Int Paper & Pwr (B) Int Paper & Pwr (C), Int Paper & Pwr pf. . Int Prigting Ink. . Int Rys Cent Am. Int Salt (2). Int Shos (3) Int Silver. . Int Silver pf Interstate DS pf(7). Interst DS pt xw(7). Intertype C Island Cr'k 30 Jewel Tea (4). 13% Johns-Manvill 85 Johns-Manvpf (7)., 50 Jones & Laugh pf(7) 102 KC P&L ISt pL B (6). 7% Kansas City Southn. 5 KaufmnnDS (80c). 6% Kayser (J)&Co (1)., 1 Kelly-Spring Tire 6% Kelly-Spr T 3% pt.. 21x Kelsey-Hayes Wheel 61 Kelvinator Corp 26' Kendall Co pf (6 6% Kennecott Copper 1 Kinney (GR) Co.... &% Kinney (G R) Co pf. 2 Kresge Dept Stores 13% Kresge (S 8) (1.60). 10113 Kresge (SS) pf (7). 30 Kress (SH) Co (j1). 1 Kreuger & Toll 12% IKroger Grocery (1). 41% Lambert Co (8). .ane Bryant (1).... Lee Rubber & Tire. . Leh Port Cement. . .. Leh Port Cmt pf (7). Lehigh Valley Coal. . Lehigh Valley RR. . Lehman Corp (2.40). Lehn & Fink (3).... Libbey Owens Glass. Liggett & Myers(15) Ligg & Myers B (15) Ligg & Myers pf (7). Lily Tulip Cup (13%) Lima Locomotive Link Belt (1.20).. Liquid Carbonie (2). Loew's Inc (14)..... Loew's Inc pt (6%4). Loft Ine. Leee Loose-Wiles (13). . Lorillard (P) (1.20). Lorillard (P) pt (1). Louisiana Ofl. LaOilpf (6%).... Lou Gas&El A (1%). Louisville & 1% Ludlum Steel. 65 Ludium Steel pt McAnd & For (1.40). McAn&Forbes pf(6). McCall Corp (2%). .. McCrory Strs pt (6). 4 McGraw Hill Pub, .. McIntyre Pore M (1) McKeesport TP (4). McKesson & Robbins McLellan St pt Mack Trucks (1), Macy (R H) (n2). Madison Sq Garden. . Magma Copper (50¢) . Mallison & Co....... Mallison & Co pf. Manhat Elev gtd (7). Manhat Elev mod gtd Manhat Shirt (60¢). Marine Midld(80c) .. Market St Ry 2d p! Market St Ry pr pf. 4 Marlin-Rockwell(1). Marmon Motor Car. . Marshall Field & Co. Mathieson Alkili (2) Mathieson Alk pf(7) May Dept Stores 1.0 Maytag Co. . Mac! b Met-Gold Pic pf 1.39. Miami Copper....... Mid Continent Petm. Midland Steel Prod. . Mid St Pr 1stpf (8). Minneap Honey R(3) Minn Moline Pow. .. Minne-Moline P pf.. M StP & S S Marie. MStP &S S M pf 4« Missour Pacific Missouri Pacific pf. . Mohawk Carpet..... % Monsanto Chem 1% . Montgomery Ward. ., Mother Lode. cee Motor Meter G & El Motor Products (2) Motor Wheel. Mullins Mfg Mullins Mfg ptf. % Munsingwear (1.40). Murray Corp. .. Myer (F E) & Br (2). Motors (2).... 15 Nash Chat&StL... 214 Nat Acme Co. . . Nat Air Transport... Nat Bella Hess pf Nat Biscuit (2.80) at Biscuit pt (7) at Cash Reg (A) Nat Dairy (2.60). Nat Dept Strs 1st pf. at Dist Prod (2) 37 Nat Lead pt A (1), Nat Lead pt B (§) i Nat Pwr & Lt (1), Nat Supply pf..... Natl Surety, .. Natl Tea (80c) & Western. Shipbuilding. .. N'Y Shipbldg pf(7). N Y Steam pf (8). N Y Steam 1st pf(7). Noranda M(mb0¢)... orfolk & Southern. Norf & Westn (112). Bales— 14 4 14 8] 15 32 15 34 1 118 55 203 3 508 5 10s 6 101 78 1 15 4108 100s 4 6 40 908 428 6 130s 108 137 . 2008 14 100 114 4 4 17 205 2 87 9 358 6 2 608 37 1 x 3 x20s 1208 6 18 125 28 x 22 2 208 1208 306 3 9: 408 1 18 7 27 27 1208 308 8 1 312 1008 ‘b 1808 108 808 1108 98 3 43 ki T 128 3% 5612 Net —1933— Add 00. High. Low. Close. Chse. | High. 721 -6 W =% 10 515 —2% 123% +1% 3 -4 54 +24 18% —-2% 3% —%h . oo 19% —2% 2% % 5 114 —1% 20 -3% -3 13% -3 87% — s 56 —10 102 —9% -% - e + 4% Stock and § Low. Dividend Rate. 69% 68 Northern Cent (4). 28% 10% Northern Pacific 8 413 Nor Ger Lloyd 28 25 Northwest Tele (3).. 1% % Norwalk Tire & Rub. 18% 1615 Norwalk T&R pf 3%. ™ 5 OhioOil........ 2 1 Oliver Farm Equip. Oliv Farm Eq prpf.. Omnibus Corp. Omnibus pf (A B Oppenhm Collins(1). Orpheum Circult pf. Otis Elevator (3. Otis Elev pf (6). Otis Steel. ... Otis Steel pr pf 1808 Outlet Co (4) 808 Owens Il Glass (2 4 1% Pacific Coast 2d pf.. 308 307 Pacific Gas & Bl (2). x102 3613 Pacific Lighting (3). 24 7' Pacific Mills........ 3008 91 Pacific Tel&Telog(7)2470s 3 Packard Motor Car.. 272 16 Pan-Am Pet B(1.60). x % Panhandle Pro&Ref. 6 Paramount Publix 1 Park Utah . 1 Parmelee Transport. % Pathe Exchange 5 Patino Mines A 215 Peerless Motor Car.. 23 Penick & Ford (1)... 26Y% Penney (J C) (2.40). 80 Penney (JC) pf A (6) 1% Penn Coal & Coke "5 Penn Dixie Cement. . 3% Penn Dixie Cmt pf 147 Penna Raliroad (2 75 Peoples DS pf (6% 79% Peoples Gas. Chi (3). 41 6 Pere Marquette pf.. 120s 813 Pere Marquette pr pf 300s 11 Pet Milk.... 2 3 Petrol Corp of Am 5% Phelps Dodge Co 35 Phila Co 6% pf (3).. 57% Phila Co new (6).... 8% Ph Rapid Transit pf. 3 Phila&ReadC&1I.. 81 Philip Morris&Co(1) x 4 7 Phillips-Jones Co. .. 2 24 Phillips-Jones pf (7) 4 Phillips Petroleum. . 31 Pierce Arrow pf (6). % Pierce Ofl. .. 33 Pierce Oil pf % Pierce Petrol 16 Pillsbury Flour (2 26% Pirelli (A) (a2.58).. 3 Pitts Screw & Bolt. . 10 Pitts Term Coal pf.. 21% Pitts Steel pf... 1 Pitts United Corp... 30 Pitts United pf..... 9 Pitts & West V 2 Poor &Co (B). . 8 Port Ric Am Tob(A) % Port Ric Am Tob(B) 4 Postal Tel&Cable pf. 413 Prairie Oil & Gas. 63 Prairie Pipe Lin 1% Pressed Steel Car. .. 6 Pressed Steel Car pf. 29% Proct & Gamb (2.40) 91 ,Proc & Gamb pf (§). 1 Producers & Refin. .. 3% Prod & Refiners pf. . 48% Public Sve NJ (3.40) 78 Public Sve NJ pf (5) 95 Public Sve NJ pf (6) 108 Public Sve NJ pt (7) 4 120% Public Sve NJ pf (8). 86 Pub Sve G&E pf (5). 15% Pullman Corp (3)... 1 Punta Alegre Sugar. 3% Pure Oil. . 50 Pure Oll pf (8). 9% Purity Bakeries (2). 5% Radio Corp. . 20% Radio Corppf A 3% 9% Radio Corp pt B 2% Radio-Keith-Orp! 8 RRSeclllC(3%).. | 8% Raybes-Manhat (1). Reading Rwy (1)... Reading 1st pf (2).. Reading Ry 2d pf(2) 4 Real Silk Hosfery. .. Real Silk Hosfery pf. Reis (R) & Co.1st pf. 100s Remington-Rand., 7 Rem Rand 1st pf. 68 15 68 104 68 408 1 118 Reynolds Met (1%). Reynolds Tob A (3). Reynolds Tob B (3). Rhin W E1 P (21.06). Richfleld Oil. . Rio Grande O11 3 StL-San Francisco.. St L-San Fran pf, St Louis Southwn. .. St L Southwn pf rets Savaze Arm Schulte Retail Stores 2 Scott Paper (31.40).. 1208 Seaboard Air Line 8 -aboard Air Line p! Seaboard Oil. , Seagrave Corp . Sears Roebuck (2% ) Second Natl Inv Seneca Copper Servel Inc. . 2 174 5 235 3 Sharp & Do pf (3%). Shatiuck (FG) (1).. 42 Shell Trading & Tran 250s 8nell Union Oil. Shell Union Ol p! Simmens Co. Simms Petroleum. .. 4 Sinclair Conseol Ofl. . Sinclair O] pt (3) Skelly Oil. ... Skelly Oll pf ww. ... 8 Sloss-Sheff Steel pf.. 1208 Socony-Vacuum (1). 583 Solv Am pf ww (574) 8 South Port Rico Sug. 19 Sou P Rico Sug pf(8) 230s Southn Cal E4 (2)... Southern Pacific. ... Southern Railway... % Southern Railway pf So Ry M & O ctfs (4) Sparks-Withington. Spencer Kellog(60c) : Spicer Mfg. . 4 Spicer Mfg p! : S | Stand Brands (1.20). 611 Stand Brandspf (1). 2 Stand Com Tobacco. 5 Stand Gas&El (3%).x 281 Stand Gas&El pf (4). 35 Stand Gas&ElIpf (6) x § Stand Gas&El pf (7) x 19 4 % Stand InvestCorp..., 2 4 221 Stand Ofl Calif (3).. 158 84% Stand Oil Exp pf (5). 5 7% Stand Oil of Kansas. 8 Sales— | 'Add 00. Hieh. ‘oW, Close. Chse. 26% Stand OIl N J (12) Sterling Secur (A). . Sterling Secur pf.... Sterling Secur cv pf. % Stewart Warner..... Stone & Webster (1). Studebaker Co(1.30), Studebaker pt (7)...181 Sun Of1 (1), . . Sun Ol pf (6)..v.us. Superheater Corp (1) % Symington (A). 11% Telautograph (1.40). 1% Tenn Corp..... 10 Texas Co (1).., 20% Tex Gul Sulphur (3). 1% T 1l Coal&Oil 414 Tex Pacific Land Tr. 3 Thatcher Mfg Co 25% Thatcher Mfg pf 3.60 5 The Fair,. ? 5 The Fair pt (1), 1% Thermoid Co. . 8% Third Avenue 18 Third Nat Inv (1.05). 8% Thompson (J R) (1). 8% Thompson Products. % Thompson Starrett. . 214 Tide W 20 Tide Water As pf(8), Timken-Detroit Axle 15% Timken Roller B(2). 2% Transamerica Corp. . 3% Transue & Williams. 832 18 6 23 56 110 124 0s 5 161 ns Net. -1% [} ) =223 xes sSsvssxes 1+11 FEET 1+11 TE FSEL 1 - 3 L 7 28% 101 es% Peoples Drug Stores pfd. The Carpel Corporation ‘Woodward & Lothrop pfd . UNLiSTED DEPARTMENT. Chapin-Sacks Pfd...... 7 Chickasha Cotton Oil | 3 Childs Company. 10% Chrysler Corp (1), 24 City Ice&Fuel (3. 63 Clty Ice&Fuel pf 6% Helme (GW) (7). Hercules Mot (80¢).. Hercules Powder(3). Herecules Pow pt (7). Hershey Choc (8)... Norf & Westn pf (4). 2708 North Am Aviation.. 64 Nor Amer(b10%atk) 1422 North Amerpf (3)... 1 77% North Am Ed pf (6). L] 80 7 107 1 214 Tri-Contl Corp, . . 3 42 Tri-Contl Corp pi 25% Trico Products(2%). 11 1608, 90 44 102 10 31 16% % (Continued cn Page 4.) 42 -2 8% 77?»2',1