Evening Star Newspaper, April 20, 1933, Page 14

A—14 a3 FINANCIAL. BROKERS' OFFICES | JAMED 10 DOORS Public Rush to Purchase Stocks Recalls Days of 1929. BY EDWARD C. STONE. Streams of people flocked into the local offices of the New York Stock Exchange firms today until there was standing room only long before the ticker quotations began to flash across the translux and the board boys started their wild rush to keep up Wwith the uotations. s Nothing like today’s buying “stam- de” has been witnessed since the exciting days of 1929, when speculators closed their eyes m? bought chewtl\‘r:; stock that came Wwithin ra they opened them again. e order clerks got a taste of business pressure that they have not known for many a day, customers’ men were kept on their toes and broker house partners and managers were swamped with ques- tions on the merits of different stocks and the probable time that the rise might continue. An cvernight rise of 3% points in American Telephone & Telegraph stock and a startling advance in United States Steel caused many exclamations when the quotations first ap eared. The ticker soon got 15 minutes behind the market and the old way of giving only the last figure and the fractions §n quoting the leaders was adopted. Before the first hour was over it was announced that more than 1,750,000 shares had been traded in, a very much larger figure than the total for many complete sessions only a short time 880. RThe gold standard, rising commodity prices, inflation, the probabilities of a business turn, the coming economic conference, silver and a hundred other matters relating to finance were freely discussed by speculators and investors 8s they watched the rapid changes in quotations. Opinions differed as much as the variety of subjects discussed. While early, in the day buyers ex- ceeded sellers, yet many traders thou ht # a good time to take some profits. One fact stood out, brokers sald, and that is that there appears to be plenty of money all over the country for in- vestment and trading. Limited Bank Openings Urged. Officials in some of Washington's closed banks are anxious for Treasury authorization to reopen, even if they have to operate on a restricted basis. The opinion 1is expressed that the Treasury might fix the restrictions. say- ing just what part of his deposits any dedositor might draw out. In this way it would be impossible for the customers of any bank to draw out all their de- posits at one time and in that way drain the bank of working funds. Deposits might be limited to 50 per cent, or even less, bank officials say. Such a Treasury rule would profect the bank permitted to reopen and at the same time business could be resumed. Without undue pressure on depositors, who have loans, these loans could gradually be liquidated. The officials see in this way a road back to 100 per cent operations without the necessity of raising a lot of new capital at a time when such a move is difficult. So far as can be learned, however, the Treasury attitude is that the closed banks everywhere must be in a position to cpen 100 per cent and maintain operations on that basis before they will be granted the right to resume business 21l. The Treasury officials believe other way of reopening the banks would be unwise and unsuccessful. From the depositors’ point of view, it is frequently stated that if it is found that some of the closed banks are not to be reopened in the near future, it would be better for.the controller of the currency to order their liquidation so that payments to depositors could be started as soon as saleable assets had been converted into cash. The local situation was reported as unchanged again today, except that the advance in securities had increased the value of collateral the banks are holding in connection with loans. Ayres Favors Unified Banking. 1In order to eonstruct a banking sys- tem that would eliminate the banking crisis which this country underwent in March it must be constructed in such a way as “the simultaneous desire to withdraw deposits - will never again occur,” says Col. Leonard P. Ayres, vice president of the Cleveland Trust Co., in the bank's current business bulletin. “The reform that would most directly strengthen our banking system, and do it with a minimum of difficulty and disturbance, would probably be the simple measure of bringing all banks into membership in the Federal Re- serve System,” he states. “Two rea- sons for doing this have special weight. The first is that in recent weeks it has been found necessary to amend our Federal banking legislation so as to permit non-member State banks to bor- Yow from Federal Reserve banks during the period of the present emergency. “The second reason is that the emer- gency has reinforced the principle that the safest place for the deposit of bank reserves is in the custody of the Fed- eral Reserve banks. When we add to these two reason for bringing all banks into the Reserve System the further considerations that this change would insure greater uniformity of bank ex- aminations, and closer supervision over banking standards and practices, the cumulative argument in support of the proposed change becomes impressively strong. B. & O. Reports 1932 Deficit. The Baltimore & Ohio Railroad operated at an income deficit of $6,334,978 in 1932, compared with a net income of $3,427,662 in 1931, the annual report showed today. Current assets at the end of 1932 were $34,669,- 913 and current liabilities $20,635,489. During the year, the B. & O. lent $3565,314 to the Railroad Credit Corporation and borrowed $2,000,000 from the agency, the report of Daniel ‘Willard, president, showed. These members of the District Life Underwriters’ Association were placed in nomination yesterday for directors, to be voted on at the May meeting: F. George Clendaniel, Northwestern Mutual Life Insurance Co.; George T. Black, Sun_Life Assurance Co. Canada; P. L. Rodgers, Acacia Mutual Life Insurance Co.; Herbert O. McLean, Provident Mutual Life Insurance Co.; Joseph A. Marr, Penn Mutual Life In- surance Co.; E. D. Krewson, New York Life Insurance Co. Six members of the board continu- ing in office are David S. Bethune, Equitable Life Assurance Society of the United States; Carl Smith, Dow, Pa- cific Mutual Life Insurance Co.; Alton Q. Grinnell, New England Mutual Life Insurance Co.; Dan J. Harrison, Mas- sachusetts Mutual Life Insurance Co.; Thomas P. Morgan, jr., Mutual Life Insurance Co. of New York, and Horace Winter, Travelers Life Insurance Co. Today's D. C. Exchange Trading. Chesapeake & Potomac Telephone 55 of Virginia led trading on the Wash- ington Stock Exchange today, five $1,000 sales being recorded at 103. Capital Traction 5s figured in three $1,000 sales at rising prices, 40, 40%, and 40'%. Washington Gas Light 5s, 1958, came out at 817, for a $1,000 bond and later recorded another $1,000 transaction at 82. Series B 6s sold at 104. Mergenthaler Linotype showed strength during the session. The stock opened with 10 shares selling at 24, followed by 10 more at 24% and 10 more at 24%%. Gov. George J. Seay of the Federal Reserve Bank of Richmond was among the Reserve Bank officials who at- tended the important conference held at the Treasury yesterday. 89! 0% 121% 116% Allied Chem pf (7).. 01 6 Allis-Chalmers Mfg. 5% AlphagPort Cement. . % 112 Am Can pf (7) . 11% 6% Am Car & Foundry.. 102% Am Snuff pf (6) % 102% Am Tobacco pf (6§ 47% Air Reduction (3) 11% Alaska Juneau ($0c! 1 Albany Wrap Paper. % Alleghany Corp..... 1 Alleg Corp pf $30ww 1% Alleg Cp pf $30 xw. T% Am Ag Chem (Del).. 8 Am Bank No 9% Am Brake Sh&¥F 60c. 49% Am Can (4)... 15 Am Car&Foundry pf. Am Chicle (13). 2 Am Colortype. . 13 Am Comc'l Aleohol. . 1 A.n Encaustic Tiling 3% Am European Secur. 3% Am & Foreign Pwr.. 6% Am&Forgn Pw pf(§) 7% Am & For Pw pf (7). 4% Am & For Pw 24 pf.. 4% Am Haw Stship (1). 2% Am Hide & Leather. 17% Am Locomotive pf 8% Am Mach&Fdy(80c). 4 Am Power & Light.. 9 AmPA&L3$5pf (1%). 9% Am P&L $6 pf (1%).. . 4% Am Radiator... 5% Am Rolling Mill: 20% Am Safety Raszor (3) % Am Seating......... 1114 Am Shipbuilding (2) 10% AmSm& Ref....... 20% Am Sm & Ref 6% pf. 81 Am Sm & Ref 7% pf. 32% Am Snuff (13%). 21% Am Sugar (2).. 80 AmSugarpf (7).... 6 An Sumatra Tob. 86% Am Tel & Tel (9). 49 Am Tobacco (5) 50% am Tobaceo (B) 4% Am Type Founder: 10% Am Water Works: 9% Am Wat Wks ctfs(1) 35 Am Wat W 18t pf(6 315 Am Woolen. 22% Am Woolen pf % Am Writ Pape: 2 Artloom Corp. . 2} AmZinc& Lead..... 20 Am Zinc & Lead pf.. 621 Anchor Cap pf (6%). 2% Andes Copper....... 9% Archer-Daniels (1).. 41 Armour of Del pf(7). 1% Armour of Il (A)... % Armour of Il (B) 48% Artloom pf... 3% Asso Dry Goods. 18 Aseo Dry G 1st pf. 16 Asso Dry G 2d pf. 6% Associated Ofl 34% Atchison. .. 9 Atlas Powder. . 31% Auburn Auto (2). % Austin Nichols. 5% Aviation Corp (Del). 3% Baldwin Locomot. .. 9% Baldwin Locomot pf. 20 Bang & Aroost (2)..% 68% Bang & Aroos pf (7). 5% Barker Bros pf. 3 Barnsdall Corp... 3% Bayuk Cigars. 7 Beatrice Creamery.. 45 Beech-Nut Pkg (3).. 31 Belding-Hemingway. 62% Belg N Ry pt pf 4.09. 6% Bendix Aviation 9 Best&Co.. 10% Bethlehem Steel. ... 25% BethlehernSteel pf. . 6% Bigelow-Sanford. 3% Blaw Knox..... 9% Bohn Alumn & Brass 52 Bon Ami (A) (t5)... 18 Borden Co (1.60). 5% Borg Warner. 6 Boston & Ma! 2% Briggs Mfg Co. 63% HBklyn Union Gas (5. 28% Brown Shoe (3) 1% Brunswick-Balk % Bruns Term & Rwy! 2 Bucyrus-Erfe....... 2% Bucyrus-Erlecvpf.. 20% Bucyrus-Erie of (2). % Budd (EG) Mfg. 1 - Budd Wheel 23 Bullard Co. 7 Bulova Wi . 6% Burr Add Mach(40c). 1 Bush Terminal...... % Butte Copper & Zine. 1 Butte & Superior. 1% Butterick Co..... 8% Byers (A M) 7% CLalifornia Packin 3% Callahan Zinc & Ld.. 30% Case (JI) Co... 40% Case (JI) pf (4).... 5% Caterpillar Tractor. 4% Celanese Corp. 1% Celotex pf.... 5% Cerro de Pasco. 1 Certain-teed Pr 7% Checker Cab Mfg. 24% hes & Ohio (23%) 14% Chesapeake Corp (3). 1% Chi Great Western. .- 2% Chi Great Westn pf.. 1 ChiMilStP&Pac... 1% Chi Mil StP & Pac pf. 1% Chi & Northwestern. 2 Ch! & Northwest pf.. 2% Chi Pneumatie Tool 6% Chi Pneu Tool pf. 2 Chi Rock I & Pac. 2% Chi R1& Pac 6% pf. 3% ChiRI& Pac 7% of. 6% Chi Yellow Cab (1).. 5 Chickasha Cot O(1). 2 Childs Company,.... 6 Chile Copper. .. 7% Chrysler Corp'n. . Th City Ice & Fuel (2. % City Stores. 178% Coca-Cola Co (T3. 3 Collins & Alkman. 3% Colo Fuel & Iron.... 16 Colo Fuel & Iron pf.. 9 Columb G&EI1(b80c). 59 Columb Gas pf A(6). 16 Comc'l Credit (A). .« 70 ComelCred 1st(6%). 18 Comel Inv Trust (2). 84 Comecl Inv ev pf(e6). 9 Comecl Solv (60c). 1% Comwith & Southn. 31 _Comwith &BSou p£(8) 100 Gen Cigar pf (7) = - +HEl+ R+ FERE FEW > S . ELTRINE- PR T 3 P PR £"2fFesnn prprsss B 3. 2 2 BsFser - (TP -1-1- 799 | T R e IR IR IR e RS S8 £F EesEs - b4 +d $1 - se B EJOI0 -1 JOPP 4193 & Lonle 7% 24% Int Stlver pf. - 2 w2BoeB, 1038~ % Congol-Natrn'(§0c) 6% Congress Cigar.(1) 3% Consol Cigar. . 31 Consol Cgr pr b 33 Consol Clgar pf (1) 1% Consol Film. . .. 88 Comsol Gas NY pf(5) 2% Consol Laundric 5. Counsel O1l Corp..... 1% Cons RR of Cuba pf. 3% Consol Textile...... 1% Container Corp (A).. % ontainer Corp (B).. 3 Contl Baking (A) % Contl Baking (B).... 36 Contl Baking of (4).. 35% Contl Can (2)....... 3% Contl Diamond Fibre 10% Contl Insur (1.20). 14% Crown Cork & Seal. 24% Crown C&S pf (2.70). 1. Crown Zellerbach. 9 Crucible Steel. 10 “uban-Am Sugar pf. 640s 20% Cudahy Packing 2%. 6% Curtis Publishing. .. 30 Curtis Publishing pf. 1% Curtiss-Wright. .. 2 Curtiss-Wright (A 4% Cutler Hammer. 1% Davega Stores (h3).. 6% Deere & Co pf (20c). 37% Delaware & Hudson. 17% Del Lack & Westn. 48 Detroit Edison (4)... 10 Devve&Raynolds(A) 17% Diamond Match (1). 26% Diamond Mach pf 1% 12 Dome Mines (11.30). 10% Dominion Stores 1.20 10% Doug Afrcraft (75¢). 6% Dresser Mfg (A).... 25". Dresser (SR)M1fg(B) 32% Dupont de Nem (2).. 94 Duquesne Lt 1st (5). 98% Dupont deN db pf(8) 1% Eastern Roll Mills. . 46 Eastman Kodak (3). 3% Eaton MfgCo....... % Eltington-Schild 10 Elec Auto-Lit 1 Electric Boat. . " 1 Elec & Musical Instr. 3% Elec Pwr& Lt....... 6% Elec Pwr&Lt $6 pt. 7'4 Elec Pwr&Lt 87 pf... 21 Elec Storage (2). 26 Endicott-Johnson(3) 4 Engineers Pub Sve.. 15% Eng Pub Sve pf (5).. 15 Eng PSpfww (5%). 20% Eng Pub Sve pf (6).. 6% Equitable Of Bld(1). 3% ErifeRR. 415 Erle RR 1st pf 3 Eureka Va Cleaner, % Evans Auto Prod 2% Fairbanks-Mors 10 Fairbanks-Morse pf. 4% Federal Lt&Traclon. 41 Fed L& Trpf (6). 18 Fed Mines & Sm pf 1% Fed Water Service A Ti3 Fed'd Dep Strs(60e). 10% Fidelity-Phoen 1.20. . 9 Filene's Sons (80c).. 81 Filene'sSonspf6%. 208 9% Firestone T&R(40c). 42 Firestone T&R pf(6) 43 First Nat Strs (2%). 714 Florsheim Shoe (A). 2% Follansbee Bros. 6% Food Machinery. 4% Foster-Wheeler. 2 Foundation Co...... 13% Fourth Nat Inv 1.10. % Fox Film (A). 164 Freeport-Texas (2).. 1 97 Freeport Tex 6% pf. . 1 Gabriel Co (A) 6% Gamewell Co 2% Gen Am Inve 13% Gen Am Tran: 4% Gen Asphalt. 10% Gen Electric (40c). . 11% Gen Elec spec (60c). 21 Gen Foods (1.60).... % Gen Gas & Elec (A).. 8% Gen Gas&E1 7% pf A. 60s 35% Gen Mills (3). 92% Con Mills pf (6 10 Gen Motors (1). 65% Gen Motors pf (5)... 3% Gen Printing Ink.... 2 Gen Public Service. . 13% Gen Ry Signal (1)... % Gen Realty & Util... 5% Gen Realty & Util pf. 2% Gen Refractorfes.... 9% Gen Steel Casting pf. 1008 10% Gillette Saf Raz (1). 4T% Gillette Saf R pf (5). % Gimbel Bros. 3% Glidden Co. . . 48Y% Glidden Co prpf (7). 3 Gobel (Adolf)... 12 Gold Dust (120) 8 Goodrich (BF). 27% Goody’r T&R 1st (2). T% Gotham Silk Hoslery 1 Graham-Paige 3% Granby Consol 3% Grand Union 22% Grand Union 16% Grant (W T) (1) 7 QGreat West Sugar... 72% Great Wn Sug pf(7). 8% Greene Cananea. % Grigsby Grunow. % Guantanamo Sugar.. 6% Gulf States Steel.... 16% Gulf States Stl 1st pf 1% Hahn Dept Stores. .. 9 Hahn Dept Stores pf. % Hartman Corp (A) % Hayes Body. 69% Helme (GW) 3 Hercules Motor... 156 Hercules Powder 1 35% Hershey Choc (3). 1 Houdaille-Hersh(B). 8% Houston Ofl....... 1% Houston Oil (new) 5% Howe Sound (40c)... 11% Hudson & Man (2%). 3 Hudson Motor Car... 1% Hupp Motors 8% Illinois Central. % Indian Motor Cycle. . 1% Indian Refining. Industrial Rayon (2) 2 19 Ingersoll-Rand(1%). Inland Steel. 2 Inspiration 1% Insuranshrs Del 15 1% Insuranshares (Md) 4% Interboro Rap Trans. % Intercontl Rubber. 2% Interlake Iron. % Int Agriculture... 6% Int Cement. % Int Combustion. .. 1% Int Combustion pf... 13% Int Harvester (80c). 2% Int Hydro-Elec (A).. 1% Int Merchant Marine Int Nickel of Can. ... 1572 6% 72 Int Nick Can pf (7).. % Int Paper & Pwr (B) % Int Paper & Pwr (C). 2 Int Paper & Pwr pf.. 13% Int Salt (1%). 24% Int Shoe (2). 9% Int Silver. i {5 F TR 1 O, F3g yyge 1% Intertype Corp...... 11 Island Creek Coal(2) 85 Jones & Leugh pf(1). > . Vesterdays, : Bales Z Stock snd ~Prev. 1033— Low. Dividend Rate. Add 00. High. Low. 85 Sz g - P Y FERFNE FEFERERSF 22 £ oAb EF Rl IRl A A # +4 fAA * 138% 118 11 51 226 4608 108 )..x o sxseReess sePPrrrans B I o e o ok S b o IligE + 2 =xFF # 1 -1 I8 TG 14N 1 T + L ¥ L PR LR + &% : = 2 ® THE NEW YORK STO Recelved by ‘Private Wire Dircct fo The Star Office. 6% Kansas City Southn., (S H) (£1) 14% Kroger Grocery (. 22% Lambert Co (). 3% Lee Rubber & Tire. 5% Leh Port Cement.... 1 Lehigh Valley Coal.. 2% Lehigh Val Coal pf.. 8% Lehigh Valley RR.. 37% Lehman Corp (2.40). 14 Lehn & Fink (3)..... 4% Libbey Owens Glass. 49 Liggett & Myers(15) 49% Ligg & Myers B (16). 13 Lily Tulip Cup (1%). 10 Lima Locomotive. .. 9% McAndrew Forbes(1) 13 McCall Corpn (2). % McCrory Stores A 2% McCrory Stores pf. .. 18 McIntyre P M(+1%). 44% McKeesport TP (4). 1% McKesson & Robbing 3% McKesson & Rob pf. % McLellan Stores. ... 13 Mack Trucks (1).... 24% Macy (RH) &Co (3). 5% Magma Copper % Mallison & Co. 3 Mallison & Co pf. % Manati Sugar. % Manat! Sugar 1% Mandel Bros 6 Manhat El 5% Manhattan Shirt. % Maracaibo Oil Exp. 5% Marine Midld (80 6 Marlin-Rock (1) % Marmon Motor Car. . 4% Marshall Field & Ce. 14 Mathieson Alk (1%). 9% May Dept Stores (1). 1% Maytag Co. .o 8% Melville Shoe (1.20). 2 Mengel Co.... 22 Mengel Co pf. 1% Miami Copper. 3% Mid Continent Petm. 3 Midland Steel Prod. . 26 Mid Stl Prd 1st pf(4) 13 Min-H'well Reg (1). % Minn Moline Pow. .. 6 Minn Moline P pf. 5% Mo Kan & Texas. .. 1133 Mo Kan & Texas pf.. 1% Missouri Pacific..... 1% Missourd Pacific pf.. 7 Mohawk Carpet. .... 25 Monsanto Chem 1% . 8% Montgomery Ward. . 25 Morrell (J) & Co (2). % Mother Lode. ... % Motor Meter G & El 7% Motor Products. 1% Motor Wheel. 13 Mullins Mfg. 5 Mullins Mfg 1% M rray Corp 1% Nat Bella Hess pf. 31% Nat Biscuit (2.80) Nat Biscuit pf (7) Ni th 104 Nat Dairy Prod 1.20. 1% Nat Dept Strs 1st pf. 16% Nat Distillers....... 24 Nat Dist prpf (2%). 43% Nat Lead (5)..... 2% Nat Surety. 6% Nat Tea (80c) 1% Neisner Brothe: 4 Nevada Con Copper. 1% Newport Industries. 2 Newton Steel. Ont & Western. Shipb’ldg (10¢). 81 N Y Shipbldg pf (7). 17% Noranda Min (21.10) 2% 130 111% Norfolk & West (8).. * North Am Aviation. . 15% North Am (b8 %stk). 32 North Amerpf (3).. 48 North Am Ed pf (6). 1% Oliver Farm Equip. 3% Oliver FEQprpf A 1% Omnibus Corp 2% Oppenheim Col 1034 Otis Elevator (60c: 9315 Otis Elev pf (6) 14 Otia Steel. 20 PacificGas& El (2). 25% Pacific Lighting (3).x 26 6 Pacific Mills. . “ee 66 Pacific Tel & Tel (8). 1% Packard Motor Car.., 6 Park & Tilford. % Park Utah.......... % Parmelee Transport. % Paths Exchange..... 1% Pathe Exchange (A). 5% Patino Mines. .. 256% Penick & Ford (1) 19% Penney (J C) (1.20). % Penn Dixie Cem 13% Penna RR (h60c 41% Peoples Gas Chi (| 4% Pere Marquette pt 6 Pere Marquette pr 8 Philip Morris&Co(1) 4% Phillips Petroleum.. % Plerce Ofl... % Plerce Petroleu 9% Pillsbury Flour(60e) 33% Pirelli Co A (h2.57).. 4 PittsCoal.. 17 Pitts Coal pf .. 1% Pitts Screw & Bolt, 10% Pitts Steel pf. . % Pitts Terminal Coal. 4 Pitts Term Coal pf.. % Pitts United Corp... 15% Pitts United pf. % Pittston Co.....0..0 6% Plymouth Ofl. 1% Poor & Co (B) .. 1% Port Ric Am Tob (A % Port Ric Am Tob(B). 4 Postal Tel&Cable pf. 7 Prairie Pipe Line.... % Pressed Steel Car... 3 Pressed Steel Car pf. 19% Proctor & Gam(1%). 97 Proc & Gamb pf (5). 33% Pub Sve NJ (2.80).. 68 Public Bve NJ pf (5). 80 Public Sve NJ pf (6). 91% Public Sve NJ pf (7). 110 Public Sve NJ pf (8) 28% 18 Pullman Corp (3) 8% 2% Pure Ofl 5% Purity B: 8 Radio Corp. [ P -y F £ 8 Stock and Bales Dividend Rate. Add 00. High. I - a8 13 3 | = * 22jfy "qg 32;a-5§_¢§;§-== L » * #:4’4' 1+++1 2" 2ereser 5% § Spicer Mfg...... H44 L+ s #52 Fr2rsxd Fxs srsrseis bbb EEb bbb s ERaswe > oo 4 2 7% 5% Twin City Rap Tr Eht A e AT P RCFLL ExrEsLEES ssg.igznu— FEAE IRt Es i - F +4 Ty F + 1 ¥ 15% 7% Vanadium Corp.. .. T TRUEFRT eed s R L :++ ++ I1+++1++4+ sexE Frx Fx wesesess - 4+t 44 Y & t 33 SaSagma #222°°78 * - 2 +4++ o _e +:#++ F F FF - FEEEFEERTE Bu-gazenast P 88288 k3 ++ L - T ol 1 ¥ £ $3putETaacTogatyey BuREE pu32F SRy SeysRtuul FpoSSRSgntatso oaRuny Bu¥RE Lo §35 pie Soue-duueb harp 21% Sharp & Dobnie 5% Shattuck(FG) l;k). 4 Shell Union Oil...... 32 Skelly Otl pf ww. 17 Sloss SheMeld Steel. 8% Sloss-Sheft Steel pt.. % Snider Packing...... L] Vacuum 40¢. 68 Solv Am pt ww(5%). 16% 8o Port Ric Bug 1.60. 17% South Cal Edison(2).x 11% Southern Pacifl . 4% Southern Rallway... 5% Southern Rallway pf 8 SoRyM&Oetfs(4). % Sparks-Withington % Spear &Co. ... 2 T% Spencer Kellogg(§0c) 1 Splegel-May-Stern. . 18% 13% Standard Brands (1) ll{ 121 Stand Brands pf (7). 1 Stand Com Tobacco. 6% Stand Gas & Elec. 8% Stand Gas&El pt (4). 17 Stand Gas&El pf (8). 20 Stand Gas&FEl pt (7). % Stand Invest Corp... 19% Stand Of1 Calif (2). 12% Stand Ofl Kansas 9 Studebaker Corp | 35 8unOfl (1). 8 Sun Oil pf ( 15% Tex Guit Sulphwr(1) 1% Tex Pacific Coal&Ofl. 3% Tex Pacific Land Tr. 16 Texas & Pacific. . 2% The Fair... 1 Thermoid Co. 4% Third Avenue 10 Third Nat.Inv &% Thompson (J.R) (1). 8% Thompson Product 3% Thompson Starrett 3% Tide Water Asso Ol T tér Assoe It 13% Timken Rolter 1 2% Transameries . ). 2% Tri-Contl Corp...... 41 Tri-Contl Corppf($). 20% Trico Products(3%). % Uad-Ell-Fisher (50¢) 19% Union Carb & C (1) 8% Un Ol 6f Calif (1). 61% Union Pacific (I)...., 58 Union Pacific ptf (4). 10% Ut Tank Car (1.48).. 16% Unit Afrcraft % U 13% US 24 6% US 12% U8 2% US 2% US 5% US i et pL'3 28% U S Stuel. G 83 U8 Steel pf (1) 59 U8 Tobacco (4.40) % Univ Pipe & Rad. % Vadsco Sales Corp. 2% 1% WabashRR.... 5% Waldort System (1), % Walworth Co.... % Ward Baking (B) 11% Ward Baking pf (1).. 1 Warn Bros Pictures. 11% Westing’se Alr B(1). 19% Westinghouse Klec. . 60% Westinghse 16t (33) 3% Weston Elec Instru.. 11% White Rock M B (2). 3% White Sewing Mach. 1% White Sew Mch pf... 2 - Wilcox Ol & Gas.... 15 an:lehA(Hi). 40 34% Wrigley (Wm)(3)... TI0_ -7 Yalea Towne (800).. 2% Yellow Truck..... FEE FFEFEL - FESFE FEFL F = T R e n s T L PR EETTOR IR LA -1t RSN E Y I & e 1 1 + & 444 Lan .. 4444 LRt 2" F g .. 2¥.3. e F “+ FEFIFFEFFIEREES §o2 F PTI0R - JONE W1 bbb A TS ——a - = , e 48EL BEeas CEMPERV Ty VREFT"E%s sxfey S885 o oy = - 3 oo sFesrsraFess"Fas Fressr - @ §uSelera EREFFE BEwimonvansnwaaddiion can BLB2nu.. 8. B LI e R s = -on ¥ + Sie 57 ¥y =38 - = RPN 15 O G 11 O Bpty-2au53LN2S - A 1% 1 T E R T e & U ) FEFEFE F& PRErd = - Ittt t & RE FEF FEF ++ - T t|4$i++l++ FeR Frrser FINANCIAL. STOCKS PUSHED P ON HEAVY BOYAG {Market Absorbs Enormous Blocks of Securities as Pmfit Taking Appears. Special Disposch ve e Biae DO NEW YORK, April 20.—Stocks and commodities surged upward in exgited trading again today and the dollag.sufs fered further depreciation abroad,; The pace in the stock market duping the early trading was the fastest since 1929. It quieted down somewhat in.the afternoon, but volume picked up, sgain in the last hour. Trading was :.o'l).o.a%oo shares, the largest m‘gg i Prices advanced buoyantly durtiig tHe. morning, reacted partly in the uei; afternoon and advanced again 4 last hour. The close was strong, a drive against the short interest ip the public utilities in progress. waeft ‘Wheat was higher all day and so.were the other grains. The close for wheat was at advances of 2 to 23 cents & mb\-heh ”Wr“ ling, whlchdhsd been - a5 .91, was around $3. ] last hour. el Overnight considerations of the-de- cision of the Government to e the gold standard—for that is what the Secretary of the Treasury admitted-the action amounted to—brought a flood of orders into stocks, the emecu- tion of which sent prices violently ahead at the opening. Purther «gains were recorded during the first -hour and then realizing made itself felt, the advance was checked and a partial reaction ensued which, however, left the glflmo: ‘l;;e:nwell above the preeeding many cases at the highest “-g." year. i o e e turnover was of tremendous pro. portions. In the first hour, x.750p500 shares changed hands. v s The tape fell steadily behind,.untl at noon it was more than 30 minates late—something that has not happéned since the high speed ticker was pué into use. Prices appearing on the~tape were useless as regards trading and re- sort had to be had to quotations for'se- lected stocks printed on the bond ticker and telephoned from the floor. In points the early gains were not as impressive as the volume of trading would indicate. Professionals were" in- clined to take profits pending a cleares understanding of the inflationary’ gram at Washington, which, the das's mflzgm&:u glllde plain, went'-much n the me: e tha Te embcrzo‘lflp of e — NEW YORK BANK STOGKS‘: NEW YORK, April 20 (#).—Oversthe. - counter markel: © = On Quotations as of 2 o'clock..’ BANK! Bk Manhattan (2) B Chase Natl (2 Commercial (8) Pifth Ave (*44) | ;lr:ll glll (100) atl City (1) Public (2) . TRUST COMPANIES. Bankers (3) ........... Bkiyn Trust (3 3 Cen Hanover ( Bd Sl Sl ludes extra. INVESTMENT TRUSTS NEW YORK, April 20 (#).—Over-i: - counter market: x (Quotations as of 12 .-.n:;n.'l'A "“ sked. 0y : "5 Cumulative Tr ‘8h Cerporate Trust A A Trust Fund Shrs Trusteed Am Bk A . FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & CoJ Nominal gold Selling ehecks I today, ~ London, pound $3.8 Paris, franc. . Brussels, erown | discoun, e e 1 : FOR SALE b s ator Burton, modern fireproof warehouse and Taain effices of by them ber, ‘1038, Net 20%. Rhod land Ave. & 8th Si. N.E. Rallroad tracking facilities. Offers solicited. Inquire D._E. STEPHAN, ATTORNEY.: 2100 Mass._Ave. Tel. PO. 3480 - FOR APRIL Of special interest to stockholders and prospective purchasers. Free Upon Request iict i George M. Ferris & Co., In C. Washington Blds. Nat. 5985 CHASE BANK John D. Rockefeller, Jr., is {hé sFxCreerrssr T - O o e Sy oy [y s . EEERRESE .. 1 R 17T TOOTCOe & I+++ +++ S 3 g0 FevRiElavdvy, 1 ¥ eaes B8 i 4 s e W. AMdrich, is president. Contint dividends for 58 years. On outright, "ROBERT C. JONES & €O.. Shoreham Bldg. ME. 2922-23-24: |- A First Trust Loaqf on improved Real Estate / . INSURANCE of any kind REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Mortgage Notes or Floyd E. Davis Cg;:: 733 12th Street N.W.3: NATL. 0358 e TABLISHED OVER 40 Y|