Evening Star Newspaper, March 19, 1933, Page 48

FINANCIAL CTOCKS ARE FIRN] [sccckwamy To aoress EXPERT ACCOUNTANTS y Washington l clation of Cost Accountants, will hold ! e W adnesiey exintig. - The apeaker FOR WEEK ENDING MARCH 18, 1933 1033— - suock saio— 088— mtock ot | Wil be Dr. Henry P. Seidenmann of i P R he | D 0. Close. Che. " Dividend Rate. "“"1 ; - Clog. e | gt e Chapter, National Asso- Siockand, Malee_ Dividend Rate. Brookings Institute. From his vast Dividend Rate, h. Low. Close. Ohge. 9 Comcl Solv (60¢).... uu Postal Tel&Cdble pt., fund of practical experience he will & St T 1% Comwith & Southn.. 446 8 2 Sl e s e T T m{ A\:rm&élrau!l".. 4 ufiv. 1:'/. T LIRS NG e % Pressed Steel Car. H . escribe, illustrate and explain some of Ad. R + List Recovers at Close With| tne specia1” problems involved ‘- the ama Mitia (3,00, 34 1 11 & application of accounting to govern- Adams Millis (2) 7% Congol-Nairn (80e).. u ith particular reference to the 4 Addressograph. 4 Consol Cigar.... o il 39 Consol Cg: 18%. lo Rail and Sugar Shares [ment with perticular reference to the Adv Rumley, nsol Cgr pr b u . Featured. Afliated Prod 1. 1% Consol Film. .. statements of governments. ‘The public, particularly teachers and 1% puplls in political science and advanced nudwatltng,wl: well as hlnnk‘en. investors {'a A{lle: Cornfpl 330w 1011 Corp and other business men and women. are % Alleg Cp Df $40 ww. BY CLAUDE A. JAGGER, invited this discussion, whieh is 2 Alleg Cp pf $30 xw 1% Cons RR of Cuba pf.. scheduled for 7:30 o'clock 5% Alleghany Steel. .. i s 23:3‘1""‘:’(;;1"5 o NEW YORK, March 18—The stock Bl R 89% 70% Allied Chem & D (), 894 88% 81k e b Y 7 1 ; 8 - 121% 118% Allied Chem pf (7)..x 1 11814 118% 6 marketiquietad down to move in nat- 9% 6 Alls-ChamersMfy. 83 9% % 8 g ommmaiine CA) 30 row fluctuations today, but closed with 6% 5% Alpha Port Cement 1 6 P e iRekiny a steady to firm tone, with'a number 224 181 Amerada Corp (2)... 38 2% 21 a0, 1 6 53 8ot FREFE L+l tfy FaF £ % Int Paper & Pwr (B). 3% Int Paper & Pwr (C). 2% Int Paper & Pwr pt 3% Int Printing Ink. 8% Int Rys Cent Am D 508 2 B2 IntRysCentAmaotfs 208 15% Int Salt (13%). 24% Int Shoe (2)... 28% +4 Pure Ofl p 9% Int Silver 8% Purity Baker! 24% Int Silver vl. 5% Int Tel Tell 1% Interstate Dept Bt... 1% Intertype Corp i hmcmmEns sland Creek Coal(2) a2 Reading Rwy (1 85 _Tuland Greskpt (8.2 108 85 -l i i AR % 28 Jewel Tea Co (3)....x 9% 8% Real SilkHosiery. 12% Johns. 25 Real Silk Hosiery pf. 52 Johns-Manville pf. 4% 2% Remington-Rand 35 _Jones & Laugh pf(1) 1108 50 1% 7% Rem Rand Ist pt. 2% 1% Reo Motor Ca 84 Kansas City South: 7% 4 Republic Steel. ..!S-gg 3 & - o I3 i 1 » sesrefss ©s Alleghany Corp. .. wge Associated Press Pinancial Editor. - [ 1 @ = FEFES - Raybeatos-Man (60¢) TS 4 10% 10 AmAgCh Connpf... 1 104 of issues up fractions to a point. Sales 71 Am Ag Chem (Del).. 34 3% Contl Diamond Fibre £l z 117% Corn Prod pf (7) for the short session approximated half | * 31, 8 Am Bank Note. © 1244 Contl Insur (1.20). a .;5'):“'0" shares. 1 AmBeet Sugar...... : 2% m E:::: (l)l,(lno];:... e most encouraging aspect of the 2% Am Beet Sugar pf,.. 240- 45% C e market was it dullness on declines. "4 94 Am Brake Sh&F 60c.. 12. 4 % Corn Products (3, o8 After an irregular opening, it stiffened momentarily, then turned rather heavy, but after a number of shares had lost a int or so, selling dried up, and the t recovered in the late trading. Rail and Sugar Issues Gain. Sugar and rail shares led the late advance. Sugars moved up in sympa- thy with another flurry of buying in raw suger futures, the general action of the commodity markets, however, was not of a character to inspire further bullishness in stocks. Wheat was un- settled, as sentiment remained confused over the drastic provisions of the pro- posed farm relief measure. Rails pushed up, despite a sharp re- duction in car loadings shown in to- day's report, covering the week ended March 11, inasmuch the figures re- flected chiefly the banking holiday. The drop from the previous week was 40,014 cars. Compared with last year, the freight movement was off nearly 2¢ per cent, comp-.refl with a divergence of only 14}, per cent in the previous week. Exceptional gains were an upturn of nearly 2 points in South Puerto Rico Sugar, and of 3% in Delaware & Hud- son. American Sugar gained more than a point. Issues up fractions to a point included New York Central In- ternational Harvester, Case, Standard of California, United ~States Steel, Santa Fe, Union Pacific, and Great Western Sugar. American Telephone and Lowes were isolated soft spots, off as much as a point. Small fractional recessions ap- peared in General Motors, Woolworth, North American, Anaconda and du Pont. Commodity prices were watched closely. ‘A number of indices show the general level of principal raw staples up almost 410 per cent over that prevailing before the bank holiday. But what Wall Street wants to know now is whether the up- turn will prove to be more than a tem- porary flareup, such as that which oc- curred at the time of the intergovern- mental debt moratorium in the Summer of 1931. Foreign Exchanges Mixed. While some of the upturn was pre- sumably due to shortages in some lines due to slackened movement during the banking holiday, and to recent specu- lative flurries based on hopes of infla- tion, analysts point out that the resto- ration of confidence in iiself may have a bolstering effect, particularly if fol- dowed by substantial business recovery. Sugar, the firm spot in the day's leommodity markets, rose .02 to .06 of cent a pound in the raw futures mar- et in very active trading. Cotton held p well, closing about unchanged. But wheat lost about a cent during the earlier trading. - Foreign exchanges were mixed. The ench franc rose 55 of a point to 3.94% ts, but the belga receded a little. *Sterling cables ruled % of a cent lower at $3.46. Industry Is Hopeful of Sea- sonal Upswing—Current Rate 15 Per Cent. Special Dispatch to The Star. NEW YORK, March 18.—1’ith the resumption of banking faciliies, the steel trade anticipates releases on de- ferred orders and specifications though the financial situation checked con- suming_interest to a considerable de- gree. This became apparent with the automobile industry, dealers having been unable to finance orders placed, while individual sales, in some in- stances, were cancelled. The trade still is hopeful for a seasonal upswing, but production gains over January and February in steel ingot output have lost, current operations barely reaching 15 per cent, on the average. Requirements in pig iron and semi- finished steel have been limited, and merchant iron output c ‘rtailed. Other primary markets have been guieter, with fuel in lessened demand. Scrap has been fairly steady, and is firmer in the Pittsburgh market than at some other point; quotations show a considerable spread. Structural steel awards temporarily have been held up by the bank holiday, but a good uqnnu in tonnages is in prospect, mainly public and semi-public projects, Fabricating shops are net uni- formly active, some plants being suc- cessful in booking business sufficient for 60 or 70 per cent operations, though the average is well under these figures. Sheets and strip steel have been the most seriously hindered of any finishing departments by the let-down in auto- mobile building. Current specifications are falling behind the working sched- ules which are rather irregular. Tin plate has been holding at around 35 per cent. In non-ferrous roofing materials, opper sheets this pagt week experienced a revival in demand, shipments gaining 10 to 20 per cent. An advance in crude copper stimulated interest. 8igns of stabilization in finished steel quotations have been growing, though, to some degree, the volume of strictly new business has not been sufficient to fully test quotations. Most lines have been reaffirmed for the second quarter, minimum prices on sheets and rein- forcement bars placing these descrip- | tfns on a sounder basis. A marked turn for the better in iron and steel inquiry developed this week in the Chicago district. Mill officials re- ported a greater tendency toward for- ward ordering among customers. iron buying increased. 6214 Am Brake Sh pf (7).. 208 49% Am Can (4)..... 91 Am Car & Foundry Am Car&Foundry D!. Am Chicle (13) Am Come’l Aleohol Am European Secur. Am & Foreign Pwr.. 253 Am&Forgn Pw pf(8) 70 Am & For Pwpt (7). 21 Am & For Pw2d pf.. 22 Am Haw Stship (1). x 7 Am Hide & Leather.. 3 2 Am Hide & Leath pf. 5 Am Home Prod 4.20. x 77 Am La France&F Am Locomotive Am Locomotive Am Mach & Metals, Am Mach & Met ct Am Metal Co. Am Metal pt Am News (1 ‘Am Power & Light. . AmP&LtDf A (235), Am Pwr & Lt pf (3). Am Radiator. ... Am Rolling Mills. ... Am Safety Razor (3) x Am Ship & Com Am Shipbuilding (2). 20s AmSm & Ref. ... 573 Amsm&l”.ell"u pf. Am Sm & Ref 7% pf. Am Snufe (13% )1 - x 20 394 Am Snuff pt (6). x 208 10’*1') ]0'4' Am Steel Foundry. 35 Am Stores (t2%)...x 13 347% 35’& Am Sugar (2).. x 432 36 Am Sugarpf (T).... -1 90‘- Am Sumatra Tob. Am Tel & Tel (9). !ll2 1067 100% Am Tobaceo (5). 70 613 Am Tobacco (B) (5). 653 64% Am Tobacco pf (6).. 1104 Am Type Founders Am Writ Paper ctfs. Am Zinc & Lead. Anacorfda Copper. 708 * Anchor Cap (60c) 74 154 Archer-Dan-pf (7)... 10s 100 Andes Copper. ... [ Archer-Danfels (1).. Armour of Del pf(7) x 3 Armour of T11 (A) 350 Armour of 111 (B) Armour of 111 pf. Artloom Corp. . Art Metal Construct, s Assoclated Apparel.. Asso Dry Goods. . Asso Dry G 2d pt Atchisan. ... Atchison pf (5) Atlantic Coast Line Atlantic Refining (1). 6 2 207 1% 3% Coty Ine...... 28 Creamof Wht t2% 2% Crosley Radlo. 143 Crown Cork & S 24% Crown C&S pt (2.70, 1% Crown Zellerba Davison Chemical. 8% Deere & Co pf (30e).. 87% Delaware & Hudson.. 17% Del Lack & Westn. ) 17% Diamond Mateh (1).. 26% Diamond Mach pf 1% 2 12 Dome Mines (11.30). 116 10% Dominion Stores 1.20x 2 10% Doug Afrcraft (76¢ 6% Dresser Mfg (A). 2' Dresser(SR)Mfg. 31 Drug Inc (3). 32% Dupont de Ne 99% Dupont deN db pf (6 99». Dugquesne Lt 1st (5). % Eastern Roll Mills. 56 lgé\ B|W| FEastman Kodak (3).. 174 120 Eastman Kod pf (6). 100s 3% Eaton Mfg Co. . 0 * Eitington-Schild. 11% Elec Auto-Lite. Electric Bo Elec & Musieal Instr. Elec Pwr & Lt. Elec Pwr&Lt 36 pf. .. Elec Pwr&Lt 37 pf... Elec Storage Bat (3). Endicott-Johnson(3) Endicott-John pf (7) Engineers Pub Sve. . Eng Pub Sve pf (5)..x FEquitable Of Bld(1).. ErleRR Erie R R 1st pf. Erie RR 2d pf. Evans Auto Prod % Fashion Park Asso. . 3 Fashion Park Aspf.. 14 Fed L & Tr pf (6) 19% Fed Mines & Smit 3 Federal Mot Trucl 123 Fidelity-Phoen 1.20. . 91, Firestone T& R (1).. 42 Firestone T&R pf(6) 43 First Nat 8trs G%). 215 Follansbee Bros. 415 Foster-Wheeler. 2 Foundation Co. 22 Faras il = T ¥EOFF 78 FERFREF H = B T I SR A » 4;n=’58§-—3 #7 16 ~ 1214 Kan City Sou pf (2 3% 2% Kaufmann Dept 8t. 8% 6% <Cayser (J) & Co. 14 8 Keith-Albee-Orph pt. 2 % Kelly Spring Tire. 10 6 Kelly-Sp Tire 6% b 5% 3% Kelvinator Corp. 34 30 Kendall Copf (6) 11% 7% Kennecott Copper. 8 4% Kinney (G R) Co pt 10% Bl Kresge (88).... 20 27 Kress (BH) (f1).... 3 19% 143 Kroger Grocery (1).. 146 5% Leh Port Cement 5 45 34 Len PortCmtpf3%.x 100s 1% 1 Lehigh Valley Coal.. 15 3% 3 Lehigh Val Coal pf.. 14% 8% Lehigh Valley RR.. 47% 37% Lehman Corp (2.40). lS'/q 14 Lehn & Fink (2). 8 Link Belt (80¢) 16% 10% Liquid 21% 11% Loe 66% 46 Loew: 8% 7 McCrory Stores A.... 2% McCrory Stores pf... 3% McGraw Hill Pub. ... 1 28% 18 Mecintyre P M(t13%). 131 B7% 44% McKeesport T P (4).x 144 3 1% McKesson & Robbing 17 6% 3% McKesson & Robpf.. 11 1 McLellan Stores. 12 13% Mack Trucks (1).. 62 24% Macy (RH) &Co (2). 134 5% Magma Copper. 22 % Mallison & Co. .. £ % Manatt Sugar 108 % Manati Sugar pf. 113 Mande! Bros. .. 12 Manhattan Elev gtd. 6 Aanhat Elev mod gtd* 5% Manhattan Shirt. 'y Maracaibo Ofl Exp. .. % Marine Midld (30c)., 6 Marlin-Rock (1)..... 1 Marmon Motor Car 4% Marshall Field & Co. 14 Mathieson Alk (1%) x 9% May Dept Stores (1). 3% Maytag pf ww. Maytag Co 1st pf. Melville Shoe (1.20). Mengel Co,..... Mengel Co pf 208 Mesta Machine (§0¢) .x Miami Copper....... 0 Mid Continent Petm. 91 Midland Steel Prod.. 12 Mid St1 Prd 1stpf(4). 3 % Min-H'well Reg (1). 30508 Minn Moline Pow... l Minn Moline P pf. 15 15 9 6% 2% 33% % lllt m 88 96 11% 1% 1% 5% 1% 32 bl ] 20% 224 3 53 2% 4 4 26% 10 18 5% @ 84 8% 3% 251 12% 3% T 6 8% 28 19% 83 92, 9 Republic Steel pf.... 7 Revere Cop& Brpf.. 40. [6 Reynolds Metals(1). 9 1% Reynolds Spring o A 60 Reynolds Tob (3). .. x 190s 26% Reynolds Tob B (3). x 603 % Richfield O 6 2 3w Rossia Ins of Amer., 16 17% Royal Dutch .4l 6 Rutland RRpf v 28 Safeway Stores (3)..x 99 3% Safeway Strs pf (6).x 140s 80% Safeway Strs pf (7).x 70s 6% Bt Joseph Lead. . 185 % 8t L-San Franrlnco . 1% St L-8an Fran pf 6% 8t Louis Southwn. % Schulte Retail Stores 28 Scott Paper (1.40). .. % board Air Line. .. 9 4 Seaboard Air Line pf 1 15 Seaboard Oil (t50¢).. 110 1214 Sears Roebuck 1594 1% Second Nat Inv 10 24 Second Nat Inv p$. 1% Servel Inc. 13 Sharon Stesl Hoop. 214 Sharp & Dohme. .. 21% Sharp & Dohme M’(Z) 6'% Shattuck(FG) (24¢). 13 Shell Transport & Tr 4 Shell Union Oil. 30 Shell Union Ofl pf. 4% Simmons Co..... 4" Simms P'lrfllml!fit) 3 Skelly Oil. 22 Skelly Oil pf ww 8% Sloss-Sheff Steel pt. ., 1% Snider Packing 6l Socony Vacuum 40c. B8 SolvAmpfww(5%). 15% So Port Ric Sug 1.60.x 116 112 So Port Ric 8 pf (3). x 19% Southern Cal Ed(2).. 11% Southern Pacific 4% Southern Railway... 57 Southern Railway pf Spalding (A G) Spalding (AG)1st pt. Sparks-Withington. . Spear & Co Spencer Kellogg (60c x Standard Brands (1) x tand Brands rf (7).x Stand Gas&El pf (4). Stand Gas&FEl pf (7). Stand Invest Corp. Stand 011 Calif (2) Stand Oil Stand Oil Stand Ol N'J (1) 2% Studebaker Corp. 18% Studebaker pf. 35 8unoil(1).. 89 SunOilpf (6). T4 Superheater (50c) % Superior Ol. 2 Superior Stea 3 Sweets Coof Am % Symington (A) 84 Telautograph (1). 1% Tennessee Corp. 12‘4 Texas Corp (1). 15% Tex GulfSulphurll) 257 Mohawk Carpet..... 8% 1% Tex Pacific Coal&Oil, Monsanto Chem 1% . 4 Tex Pacific Land Tr. Montgomery Ward.. 2419 5 Thatcher Mfg Co Mother Lode. 1 2% The Fair. . X Motor Mnlerfl&!l . 8 + 1 Thermoid Co Motor Products. 33 4% Third Avenue. Motor Wheel 10 Third NatIn 3% Mullins Mfg.... 6% Thompson (J R) (1) 7 3 l(}lllln' Mfg pt 5% Thompson Products. 1% Murray Corp.. % Thompson Starrett. . 1k Nash Motors (u 12 Thompson-Staret pt. A 3% Tide Water Asso Ofl. 27 Tide Water Assoc pf 45 Tide Wat Oil pf (5) 1% Timken-Detroit Ax 13% Timken Roller Bg(1) 2% Transamerica Corp.. 2%, Tri-Contl Corp 204 Trico Products LY % Truax Traer Coal. Nat Lead (5). 60 4 2 TrusconSteel....... Nat Lead pf A ( 18 1% Twin City Rap Tran. Nat Tead pf B (6). 80 80 7% 7 Twin City Rap Tr pf. Pwr& Lt (1).... | , Atlas Powder. .. Atlas Powder pf (6). 1% Atlas Tack.... % Austin Nichols 811 Auburn Auto (2 3 u!u’tusulw(u m- 12 Frankin Simon pf(7). 2008 164 Freeport-Texas (3).. 110 4 Fuller Co 2d pf 9 Fuller Co pr pf 62 Gamewell Co WEEKLY FINANCIAL HIGH LIGHTS By the Assoclated Press. This week. Last week. Year Ago. rokers’ loans . 1Unlv-fllble holidly) $524,000 ‘ederal Reserve 49.1% 45. 70.0% oldings U. S. securitie $1,899, 34 $1,880. 'nu e ld reserve . 3,010,777 2,683,539 ,996,679 ,Reducoun(s . . 1232216 1,413,936 660,792 Bank clearings 21253,223 Holiday. 5,110,772 Bang & Aroos pt (7). A & 3% 101 ~ Gen Baking pt (8 Electric output (Kw. h.) Barnsdall Corp...... 1 2% Gen Bron: ending March 11 1,422,875 1,538,452 4 Bayuk Cig: 1 1% Gen Cab! (Pinal three ciphers omltud al 7 Beatrice Creamery. . Car loadings, week ending March 11.. nuu 477,827 575,481 Beatrice Crm pf (7). x /Crude oil production (barrels) . 2,115,85( 147 2,145,600 Beech-Nut Pkg (3) tock sales (N. Y. Stock Exchnnge) 8,088,952 y. 8,975,562 4 Belding-Hemingwa! d sales (N. Y. Stock Exchange). ,896, 3 50,975,000 Belg N Ry pt pf 4.09. 10% Gen Electric (40¢)... ‘New financing 90,000 . 34,781,000 Bendix Aviation. 11% Gen Elec spec (60¢).. Call money rate. 9 Best& Co.. i 21 GenFoods (2)..... Time money rate 2 Bethlehem Stee 1 i) s , Cemmercial paper Holiday. Bethlehem Steel pf 4% Gen G&E cv pfA g6 2 * ol 228, Baldwin Locomot. . Baldwin Locomot pf, 7 Baltimore & Ohfo. ... Baltimore & Ohlo pf. 4% Gen Asphalt. g & Aroost (2)... 13 Gen Baking (2) Gen Am Inv pf ww i 13% Gen Am Tank Car(1) 381 20 Biscult l? lfl). at Biscuit pf (7 5 rs.v Cash Reg (A). 1% % Ulen&Co 14% 9% Und-Ell-Fisher(50c) x 5% Unlon Bag & Paper. . 19% Union Carb & C (1).. Un Ofl of Calif (1) Union Pactfic (6). 3 nion Pacific pt (4). 5 10% Tank Car (1.40).. 27 16% Unft Aircraft, 51% Unft Afrcraft pi 3% Unit Am Bosch. 13% Unit Biscuit (2) 10% Unit Carbon, 5% Unit Corp “0c). Unit Corp pf (3) Unit Dyewood ¥2%23.5 2% NY Chicago &8t L.. 64 3% NCChi&StLpf 120 104 NY& Harlem (5). 1 % NYInvestors... 17% 11% N Y NH& Hartford. 30% 19 NYNH&Hartpf... 12 11% % NYOnt& Western., 110 100 TH & % W NY Rallwayspf. ‘« i 5o 31" N ¥ Shisviagt (7). 8708 " pbldg pf (7). . e R 101 85 N Y Steampt (6)....x 108 278 Goody'r TAR 18t (2)., 110 99 N Y Steam st pt(7).x 80s B Mo 21% 17% Noranda Min (a1.10). 184 et 130 11115 Norfolk & West (8).. 18 = 834 784 Norf & Westn pf (4). 1208 8% Granby Consol 3 ¢ 3% Grand Union 4 {\\oflh Am A\ll!lan. . 22% Grand Union pf (3).. 15% Grant (W T) (1) mv. Northern Pacific 6% Great Northi V20 5% Great Northern Or: ::: 2?: Northwest Tele (3).. 7 Great West Sugar, F-"ze"ze Unit Fruit (2).. Unit Gas&Im (1.22). Unit Gas&Im pf (8).. Unit Piece Dye Wks. Unit Pce DW pf 635 1008 U 8 Distributing pf. . U S & Forn Secur. U S & Forn Sec pf. U S Freight. .. U S Gypsum (1). ¢ US Gypsum pt (7).. U S Hoffman. . . Ss Ind Alcohol. J 8 Leat 4% Ohio Ofl. U S Leatier (A) U S Leatier pr pf. oo FhLE+ FEPFES Fhbt Bigelow-Sanford. ... E g?s ggn Miils (3).. Blaw Knox. 5 27 *n Mills pf (6, 7 Bohn Alumn & Brags 10 Gen Motors (1) WASHINGTON STOCK EXCHANGE Do K e 6515 Gen Motors pE (5). Borten Co (1.60). 215 Gen Outdoor Adv. .., YEAR 1933 Borg Warner SWa Gen Outdoor Adv (A) Boston & Maine 3% Gen Printing Ink.... §0s 2% Briggs Mfg Co. + 5 I;% gen ll:nbx“ln!k n&(l). . Il)u 7% Briggs & Strat (1)... en Public Servies. .- (Reported by W. B. Mibbs & Co., Hibbs Bullding, Washinston, D. C.) S R 15§ Gen Ry Signal (1. 8ALEE OOCURR! THE W, STOOK EXCHANGE POR 84 Bkiyn Man Tr pf (6). % Gen Realty & Util. momoum mnm%u. lun.;n 17, o S 4 Bklyn & Queens. 5% Gen Realty & Util pf. prox. 6414 BKiyn Unlon Gas (5). 2% Gen Refractories. ... BONDS, St 28% Brown Shoe (3) 9% Gen Steel Casting pf. lru PUBLIC UTILITIES. Open. High. Lew. Close. maturity, 1% Brunswick-Bal 12% Gillette Saf Raz (1)., $12,000 Ana. & Pot. Riv. R. R. 1st Bs, 1049. 45 48 12.6% % Bruns Term & Rwyi % 62 Gillette Saf R pt (§ /771,000 Ans. & Pot. Riv. R. R./guar, Bs, 1 90% 90% 5.0% 4 2 Bucyr E,, % Gimbel Bro 13,000 Capital Traction bs, 1947. 5 B1% 62 12% 281% Bucyru ). 5% Gimbel Bro 14,000 Georgetown Gas Light 1st 55, 1961. 'e 103 103 4.8% e s R ot 3% Glidden Co. 8,000 Potomac Electric Power cons. 55, 1036, 104% 105 3.256% "4 Budd (E G) M. 49% Glidden Co 9,500 Potomac Electric Power gen. & ref. 65, 1953. % 105% 108% 5.55% 3" Budd (EG) Mfg pt 3 296,800 Washington Gas Light ref. 5s, 1058. s 80% 8B 6% 1 Budd Wheal? 5,000 Washington Gas Light gen. Bs, 196 103 108 4.8% 4% 2% Bullard Co. 82,000 Washington Light 6s, 1033, se: 100 5 100 8% 8% 6% Burru\lghAM({l)e). 10,000 Washington s Light 6s, 19: 3 1023% 103 4.9% 3% 2 Bush Terminal... 24,500 Washington Rallway & Electric 86% 87% 51% 5B Do grocks n 23% 10% Bush Term pt (7).... ar 3 ro i Shares. PUBLIC UTILITIES. value. rate. i . Low. Close. ,“);,,’ e o onsTemmenA i 463 Ospital Traction ... .o $100 5L 8 9 | 15" 81 Byers (AM)... 1 Norfolk & Wash. Steamboat... 100 38 o sew : 35 Potomac Flectric Power pfd... 104 j % C: o 458 Potomac Electric Power pfd... 100 B 105% 108% e 167 Washington Rwy. & Flec. ptd. 100 8. 80 80% 6! 2" Gilimer& Hecla 'MISCELLANEOUS. 3 2 Campbell-Wyant Fy. 5 Woodward & Lothrop pfd..... 100 7. 106 108 6. 4 T% CanadaDryGA (1). 71 1 7% Canadian Pacific.... 357 724 Great Wn Sug pf(?).x m- 14 Cannon Mills (1)....x 13 8% Greene Cananea. 5 415 Capital Admin (A) 2 6% 1% % Grigsby Grunow. ¢ Oniinas U S Pipe&Fdy (50c).. HOW IS BUSINESS? § SR F £ e N Tom Sroiein . 0 40% Case (J 1) Df (4)....x20608 ) 2% Gulf Mobile&Nor pt.. [y 10% Otis Elevator (60¢) U S Realty & Imp. ... 4 b5l Caterpillar Tractor.. 154 18 6% Guif States Steel. ... 14 % c. U S Rubber. .., Celanese Cor. 3 20 164 Gul States Stl lat pt 108 i OtleBteat oo % VS Smie & Rer i Celotex Co... 5 1 < ek . 7S Smtg & Ref (1).. Cent Aguirre (1%) 5 4 ‘g;: o e Do b 4 % 24 Otis Steel pr . g . gltnulz&ke( PL3% (‘entRBofI\ P I 1 14% 9% Hahn Dept Stores pf. 5 i 53 L'SS!::] f(2). . gigl&:;:r;:l:x pI(T). 55 B 4% 31 Hall W F Printing. .. % + “31% 22% Pacific Gas & Bl (2).. A 59 US Tohac‘;n 4. 40)”: a Pro %% 3 Hamilton Watch “ 43% 28% Pacific Lighting (3). 3¢ % United Stores (W). gennkln-léedb ;’;fofl- 64 Harbison & Walker.. 6 Y 9 +2 815 6 Pacific Mills. . . 26 Univ Leaf Tob (2. Shes & Ohto (233) s el 81% 65 Pacific Tel & Tei W $9% Univ Leat Tob {(3) x 90 et % Hartman Corp (A).. 10 106 PacificT&Tpf ).. %08 % UnivPipe & Rad.... 3 e ;;1;0 L % Hat Corp (A).. 1% Packard Motor Car.. 278 2% Util Pwr & Lt (A). et M HETOEBoaY: .o 12 Pan-Am Pet (80c)... 1% Chi Great Western. 69% Helme (GW) (47)...x T PAS e B e % Vadsco Sales Cotp, .. 3% Chi Great Westn pt 15 Hercu! 14 Panhandle Pro&Ref % 7% Vanadium Corp..... 125 14 Chi Mil St P & Pac. 87% Hercul %0 9 2% % Paramount Publix. - 24 Van Raalte 1st pf... 280s 1'. Chi Mil StP & Pac pi 45 Hershey Choo (5).... % Param't-Publix otf 3 % Va-Car Chemical.... 3 3 Chi & Northwestern. 72% Hershey Choc pf(t5) % Park Utah 3% Va-CarChem 6% pt. 17 g: e Nortamet 3:‘- . 3% Hnllln: e % Pathe Exchang ¥ Va-CarChem?gpf.. 7 neumatic Tool. . 2% Hollander Sons. a Elec&Pw pf (6).. 408 Eane hch‘"“ @ 2% Va Iron Coal & Coke. 80s 5% Chi Pneu Tool pf.... 145 Homestake Min (9). x # Chi Rock & Pac.... 5 Houdaille-Hersh(A). BN Eatiomiin. - 12% Vulcan Detinning. .. 1330s 1% Wabash RR . SuchiRIATa IRt 2% 1 HoudailleHersh(B). ac 7% of . 8% Chi Yellow Cab (1). . A o e ;:‘ Wabash pt (A). 5 Chickasha Cotton Oil 5% Howe Sound (40¢). .. % Yal ort System 25 Chillas DompRuy: 15% 11% Hudson & Man (2%). 24 Wa 3 Baking (A). % Ward Baking (B). T4 Chile Copper 12% ‘Ward Baking pf (1 7% Chrysler Corp'n. T4 City Ice & Fuel (2) = 3 Warn Bros Pictures. 117 ‘Warner Quinlan 3 Showing Current Business Activity Compared With Same Week a Year Ago. - B8 FEFEFES b b = !*# % Penn Coal & Coke. .., % Penn Dixie Cement. GENERAL BUSINESS ACTIVITY for the country indicated by Bank Debits outside New 18% Penna RR ‘hg:? . ! York City. Shi ctivity above the corresponding weeks of the previous year. Black areas indicate declines from same weeks 12 months earlier, ACTIVITY BY FEDERAL RESERVE DISTRICTS. 5 Check Transactions compared with the same week & year age. LEADING BAROMETERS, 44% Coca-Cola (A) (3)... 6 Showing Trend of important factors. T e e R D 1 Present trend. from year ago. 581 Colg-Palm-Ppf (6).. 2 8% Collins & Afkman.... 10% Colonial Beacon Oil.. 1 4% Colo Fuel & Iron.... 32 2% Interlake Iron. 14 Colo & South 1st pf.. 250! % Int Agriculturs 10% Coiumbia Gas (b1) 5 Int Agriculture pf... 59 Columb Gas pf A(8). 8 66 64 76% Int Bus Mach (C){... 2314 Columb Carbon (2) 2% Int Carriers Ltd 30c.. 6% Columbia Pict vte. 6% Int Cement... +hbb b FESSs x 48% City Ice&Fuel pf 633. 200! P % Indian Motor Cycle.. 6 Ind Motor Cycle pf.. 27% Industrial Rayon (3) 19% Ingersoll-Rand(1%). 12 Inland Steel......... 2 Inspiration Copper. 21 Insuranshrs Del 15c.. 114 Insuranshares (Md). 4% Interboro Rap Trans. % Intercontl Rubber... FsssFres Rt | o 5 Clark Equipment.... 1 60 Clev & Pitts (3%)... 10s 10 Cluett-Peabody (1).. & 173% Coca-Cola Co (7) L] HEH Wesson O&Sn pt (4). West Pa Elec A (7)..x 2008 West Pa Elec pf (6). 130s 40 West Pa Elec pt (7)., 70! ‘West Pa Pwr pf (6).. West Pa Pwr pf (7)., 3% Western Dairy (A).. l Western Dairy (B).. Western Maryland.. 6% Western Md 2d pf. .. 1% Western Pacific. 1% Western Pacific pf. 17% Western Unlon... 11% Westing’se Air B(1). 19% Westinghouse Elec. . 60% Westinghse 1st (3%) 80s —_—— g (Continued on Page 3.) 8 Philip Morris&Co(1)’ 4% Phillips Petroleum. . 2o3275% Business in dollars (checks cashed) Emplnynunt (Department of Labor).. Wages (Depzrtment of Labor) . Cost of living (Industrial Conference Board) Wholesale prices (Fisher's Index). Agricultaral prices (Department of Movement of (carloadings) . . . Retail trade (Federal Reserve Board Building contracts (F. W. Dodge) . 4 Commereial Credit Fallures (Dun’s) .. 16 Come’l Credit (A) Bond prices (N. Y. 71% Comcl Cred 1st($ Steck prices (N. Y. ’l‘lmu) 19 Comcl Cred pf B (2) Stock market volume (shares traded)... 18 Comel Inv Trust (3). (ALl rights mur. Cambridge Associates. Boston.) 8 Comel Inv v pfa). - S L3 9% Pillsbury "ll‘mr(loe) - - 3% Pitts Terminal Coal. 4 Pitts Term Coal pf.. 15% Pitts United pf. i e ou . 2 Poor&Co (B). 2% Port Ric Am Tob(A). * 23 S wSaalBe pugsSe Fual o 2y g i ML LT TS M Prueds"rr i++++++++++ ;’fl:!.“=§“ «383 ,!l 388y, gufoz- 2 & A}