Evening Star Newspaper, February 25, 1937, Page 22

A2 ek FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, THURSDAY, FEBRUARY 25, 1937. EASTERN SAVIES TR ANSACTIONS ON THE NEW YORK STOCK EXCHANGE SESSINSPLANNED 2 o 5% o Stock and e Program for New York Con- FINANCIAL. STOCKS IRREGULAR AFTER EARLY RISE Gains of Fractions to About 2:15p.m, Bales— Add 00. High. Low. Close. chge. 5 82 31% 82 + M 8 24 24 2 2 27 263 27 7 mu ll'lK l!‘lK 149 m m m +2 8:. lDDflL Bale: Net Add 00, Hign, Low. Close. chge. 41 3% 3 Prev. 1937 Net | High. Low. gh. hv. Close. chge. & 84 7 71 41 634 62 183 + M| 4434 36% 164 8834 80 ay Net | Prev.1937 Hish. Low. 214 2% 25% 83 2% 103 25% 67 Stock and 5— Dividend Rate. Add 00, High, Low. Close. nge. Plymouth Ofl (1) .__ 25 Poor & Co (B) .. 29% + % PortoR Am Tob (A) . 854 — 8 Porto Rico Am T (B). 2% Postal Tel & C pf (d). Pressed SteelCar.._. 1 Prev. 1937 Stock and High, Low. Dividend Rate. 8634 20} Interstat Dpt Stbh2% . Island Creek (2)_- Johns-Manville (13). % Johns-Man rts Mar 11 Jones&L 7% pf b1% - Stock and Dividend Rate. Comw & Southern ... Comw & Sou pf (3)_. Congoleum-Nairn (2) Consol Cigar Con C pr pf ww (6%) Consol Cigar pf (7). Consol Edis N Y (12). Prev. 1937 High. Low, 8 15 2 108 108 % 20s Bnlel— Dividend Rate, Add 00. 8014 63% Acme Steel (4)- clave Next Month Re- ceived Here. 191§ 15 Adams Expr (a55e)_ 28% 25} Adams Millis (a1%)- 36 3214 Addressograph (1) 43 3% Advance Rumely. ... 8014 T4} Ajr Reduction (1)... BY EDWARD C. STONE. ‘Washington bankers received coples foday of the program of the Eastern Savings Conference, dated for New ‘York March 11 and 12, under auspices of the savings division, American Bankers' Association, a host of sub- jects vital to all savings bank men being down for discussion. Philip A. 3enson, sec- ond vice presi- dent of the A. B. A., will be one of the leading speakers. Monthly pay- ment credits and personal loans, trend of interest rates, how to pop- ularize savings, savings banking under changed conditions, the place of F. H. A. mort- gages in savings banks and savings departments, and what securities may be used for the investment of bank funds are only a few of the topics which are to be given special attention. Noble R. Jones, president of the savings division. A. B. A., will speak on “Savings Banking Under Changed Conditions.” Another speaker will be from Washington, W. R. Williamson, actuarial consultant, Social Security Board, who will talk on “How to Capi- talize the Thrift Influenee Under the Social Security Program.” p Linds Bradford, president City Bank Farmers' Trust Co., New York, will speak on “What Securities May Be Used for Investment of Bank Funds,” and “What Do We Know About Municipal Bonds” will be ex- plained by Charles F. Aufderhar, jr., Savings Banks Trust Co., New York. One banquet and two luncheons are intended to lighten up the heavier parts of the program. The delegation of Capital bankers will be announced in a few days. Telephone Chiefs Re-Elected. Lloyd B. Wilson was re-elected president and Charles A. Robinson, general manager of the Chesapeake & Potomac Telephone Co. by the Board of Directors at its regular monthly meeting held here today. Philip O. Cof- fin, John C. Koons and John A. Remon were re-elected vice presidents; Wal- ter B. Clarkson, vice president end secretary; Ralph A. Van Orsdel, vice pres- ident and general counsz1, and ‘Thomas B. Clark- &on, treasurer. Other officers elected were Frank- | lin H. Kenworthy. general auditor; Charles Siemon, auditor; Charles T. Clagett, assistant to general manager; Edward G. Bliss, general commercial manager; Roy W. Prince, chief en-| gineer; John C. White, general plant | manager, and S, F. Merriam, genernl‘ traffic manager. Banks Get New Reserve Rules. Attention of Washington banks was ! again called today to the increased ) reserve requirements of member banks by 333 per cent, half of the increase becoming effective at the opening of business on March 1 and the other | half on May 1. The Reserve Bank | of Richmond has sent all banks a table showing the amount of the new requirements. Reserve city banks i Richmond, Baltimore, Charlotte and Washington place 171, per cent of their demand deposits and 5'; per cent of their time deposits with the Richmond bank, through April 30. Banks lo- cated elsewhere in the fifth district must put up 1224 per cent of demand deposits and 54 of time deposits. After May 1 the Reserve city banks must deposit 20 per cent of their de- mand deposits and 6 per cent of the time deposits. Other banks must have 14 per cent of demand deposits and 8 per cent of time deposits deposited at Richmond. Bank Action Highly Praised. Some 23,000 depositors in the old Mount Vernon Savings Bank, now in liquidation, were delighted with yes- terday’s report that the trustees have worked out a plan by which they ex- pect eventually to pay off all depositors in full. The 23,000 are expected to get their money in the near future and the other 2,000 later. The plan includes payment to 7,000 school children of their school savings, which have been tied up in the closed bank. The plan, as outlined elsewhere in The Star, has already been given full approval by a host of depositors, according to reports from the morn- ing mail. The plan prevides that the first to receive their deposits in full shall be those who had $100 or less in the bank when it closed in March, 1933. These Noble R. Jones. Loyd B. Wilson 54 4 Air-Way Elec Appli_. 143 Alaska Juneau(i§0c) 5% 3% Alleghany Corp. 59% 433 Alleg pf ww $30-.. 52'% 41% Alleg Corpprpf . - 4135 3615 Allegheny Steel bd0c. 242 225 Allied Chemical (6)-. 3315 2834 Allied Mills (b50c) 1934 16§ Allied Stores (b20c)— 843 81 Allied Stores pf (5) - 8314 1734 Allis-Chalmers t1% _. 893 80} Alpha Port Cem't (1) 8!{ 4J4 Amal Leather_ 114 101 Amerada Corp (2) 4135 36 Am Bank Note (1) __ 803 69 Am Brake Shoe (12)_ 160 139 Am Brake Sh pf(5%) 121 105% Am Can (14).- 71 66 Am Car & Foundr: 87% 72 Am Chain & Cable b1_ 18134115 Am Chain & C pf (5)- 13% Am Colortype 264 Am Comecl Al (a50c) - 294 Am Crystal Sug (b2). 9634 Am Crys S 1st pf (6) 81§ Am Encaustic = 7 Am & Foreign Pwr__. 58 Am & For Pwr $7 pf_. 4 Am & For Pwr 2d pf.. Am Hawalian(1) Am Hjde & Leather__ Am Home Pr (12.40)- Am Ice Am Ice pf (2)__ Am Internatl (a40c)- Am Locomotive Am Locomo pf (a3) . { Am Mach&Fdry (1). Am Mach&Met (60c). Am Metal Am Power & Light Am Pwr & Lt pf (5 % Am Pwr & Lt pf (6) . Am Radiator (160c)_x 57 Am Roll Mill (11.20). 84 Am Safty Razor (12). 1 Am Seating (a2%) _. 4 Am Shipbuilding (2). Am Smelt & Ref (3)_. %5 3§ AmS & Rrts Mar 31_ 154 147 AmSm & Ref pf (7). 7814 59% Amer Steel F (b50c) 115 1113 Am Steel Fdy pf (7). 5674 51 Am Sugar (2) 1433 140 Am Sugar pf (7)_ 257y 23%4 Am Sumatra Tob(t1) 187 176% Am Tel & Teleg (9) - 99 9314 Am Tobacco (5) 997 954 Am Tobacco B (5) 204 16} Am Type Founders _ 293 251 Am Water Wks (80c) 934 Am Woolen 64 Am Woolen pf (b1) 14 Am Writ Paper (d) 6% Am Writ Pap pf (d)-. 6% Am Zinc & Lead 44 AmZinc& Lprpf Anaconda Copper(t1) Anchor Cap (60¢) .. Andes Copper - - AP W Paper Armour (111) (b15¢) _ Armour (I11) pf (7) _ vovolSapnsnes +1 4 £X R % 11T R FE X FSEER WER T FERRR 4% Consol Film 1574 Consol Film pf (a2 9% Consol Laundri, 16% Consol Oil (80c) . 7§ Conscl Textile (d)-. 8}% Cons Coal (Del) vtc_. 33 Cons C (Del) pf vtc__ 203 Container Corp(1.20) 29 Contl Baking (A)____ 8 Contl Baking (B).... 593 Cont’l Can (3)_______ ¢ 20% Contl Diamond F (2). 39} Contl Insur (11.60) 23 Contl Motor: 4135 Contl Oil of s 26% Contl Steel (b30c) - 63% Corn Ex Bk & Tr (3)_ 6574 Corn Prod Ref (13)__ 17134 16434 Corn Prod R pf (7) 8% 6 Coty Inc. Crane Co_ Cream of Wheat ('2) Crosley Radio (a1%) i Crown C'k & Seal (2). Crown WP1st b2.91% Srown Zellerback vt Cuba R R pf Cuban-Am Sugar Cudahy Pkg (2%)-. Curtis Publjshing. Curtis Pub pf (7) Curtiss Wright__ Curtiss W (A)(ab0c). Cushman S pf (33z) Cushman Sons pf Cutler-Hammer bi0c. Daveg: ores (1) Deere & Co - Deere & Co pf (l 10)_ Deisel-Wem-G (il) .. Delaware & Hudson_. Dela Lack & West . __ Den & Rio G W pf(d). Detroit Edison (4) Devoe & Rey (A) (13) Diam’d Match (b30c). Distil Corp Seag Ltd. Distillers Corp pf(5). 4 Doehler Die Cast (2) - Dome Mines (f2) Dominion Stores 10935 101%% 77y by 220 19 86 80 5515 49 905 82 1845 165 1288 10454 313y 291y 29 254 5315 4213 1073 Tl 14635 138 61 2434 4 Duluth SS& Atlpf__ Dunhill Internatl 18043169 Du Pont de N (b 115% 112} Duquesne Lt 1st tu). 16% 113 Eastern Roll Mills __ 17514 1673 E man Kodak (6) .. 3Ty 323 ton Mfg (12) __ 14}3 1173 Ejtington-Schild 29 24} El Paso Nat G (1.60) . 4539 383, 14 11 16 12 T4 54 EI 26% 2133 Ele 2,7 E Elec Auto Lite (+2.40 Elec Auto Lt pf ( Elec Boat (aéue) c&Mus Ind (a18c) Power & Llshl = E Elk Horn Coal (d) . _ Elk Horn Coal pf (d). ¢ Armour(I11)pr pf(6). Armstrong Cork (2) Arnold Constr (b50c) Artloom Corp # Assoc Dry Goods Assoc Invest (12) __. Atch To & S Fe (a2)._ Atl Coast Line (al) Atl Gulf & WIpf (a3) Atlantic Refining(t1) Atlantic Ref pf (4) Atlas Corporation 80c Atlas Corp pf (3).--- Atlas Tack (1) Auburn Auto Austin Nichols 4 Aviation Corp (Del)_ 11635 112 1885 168 5234 51% 184 15% iR e Ne aannRe o 29 1 89 8 dicott-John pf (5) & Public Service uit Oft Bldg (bloc) ErieR R ek Vae €1 (806). ans Product (71) .. change Buffet l-'axrhanks Co “airbanks Co pt rbks-Morse (t1) Fajardo Sug Co (bl)- Federal Lt & Trac_ Fed Lt & Tr pf (6) 5 Fed Min & Smelter Federal Mot Tr (40c) Fed Screw Works . depositors number about 23,000, and would be paid about $150,000 in about | 90 days, when the plan is consum-l mated. Depositors who had $100 or more in the bank when it closed are being asked to approve the plan, whereby they would receive 3 per cent preferred stock in the new Mount Vernon Mort- gage Corp., cumulative as to dividends after December 31, 1939, and callable at any time at par and accumulated dividends. Heard in Financial District. Johnston, Lemon & Co., and D. H. McKnew & Co., Inc., Washington in- ‘vestment firms, are participating in the sale of a new issue of 120,000 shares of United Specialities Co., par value $1 & share, and priced at $16 a share. Unless he is at Warm Springs, Ga., President Roosevelt will be glad to ad- dress the annual convention of the United States Chamber of Commerce on April 27, 28 or 29, he told President Harper Sibley. Directors of the National Bank of ‘Washington are being congratulated on the election to the board of George N. Everett, one of the vice presidents and secretary of the Woodward & Lothrop Corp., and one of the city’s most prominent merchants. Building permits granted in the fifth Federal Reserve district, including ‘Washington, in January amounted to $5,672,717, the highest figure since the depression. It was a gain of 38 per cent ‘over January; 1936. Spring con- struction operations are now expected to reach a record peak, partly because of bad weather during recent weeks. Capital Traction 5s were again in demand today at 97 on the Wash- ington Stock Exchange. Mergenthaler Linotype figured in five 10-share sales at 54Y%, and 90 shares of Capital Transit moved at 15%, unchanged. ¢ Baldwin Loco pf (d) - ¢ Baldwin Loco asd(d) 3 Baldwin L pf asd id) i Baltimore& Ohio . 2 Baltimore & Ohfopt_ 9 Bangor&Aroos pf (5) x 80s Barber Co (a75¢) 70 Barker Bros pf (2%) 100s Barnsdall Oil (1) 27 s Bayuk Cigars (t75¢). Bayuk C 1st pf (7) Beatrice Cream (¥1). Beech-Nut Pkg (14).. Belding Hemin (1) _. Bendix Avia (b25c) Beneficial-Lo (b45c) . Best & Co (121) = Bethlehem Stl (ail3) Beth St15% pf (1) . Beth Stlpf (7) Bigelow-San (b50c) .. Black & Decker (25¢) 4 Blaw Knox (a80c) __ Boeing Ajrplane Bohn Alum & Br (3) - Bon Ami (A)(4) Bon Ami(B) (b623c) !4 Borden Co (1.60c) « Borg-Warner (4) - Boston & Maine Botany Mines A (d) _. Bridgp't Brass(140c) 4 Briggs Mfg (12) - Bristol-Myers(t2.40) Bklyn-Man Tr (4) ... Bklyn Man T pf (6) Bklyn & Queens Bklyn Union Gas (3). Brunswick-Balke Bucyrus-Erie__ . Bucyrus-Erie pf (7)- Budd (E G) Mfg Budd (E G) Mfg pf. Budd Wheel (a20c) Bullard Co (b25¢) Bulova Watch Burr Adding M (80c). Bush Terminal (d) ... Bush Term deb (d) Bush T Bldgs pf (d)- Butler Bros (bl5c) . Butler Bros pf (1%). Butte Cop & Z (a5c) Byers (A M) Byers (A M) pf_ Byron Jackson ( Calif Packing (2) _ Callahan Zinc-Lead. Calumet & Hecla (1). Campbell Wy (11) Canada Dry G Ale. Canadian Pacific Cannon Mills (a4) Cap Admin (A)(al) . Cap Admis pf (A)(3) Carriers & Gen(a35¢c) Case (JI)Co (4) Caterpillar Trac(12). Celanese Corp (a13%) Celotex Corp Celotex Corp pt'(5) Centr Aguire (t13%).. Central Foundry Co.. Central RROf N J_. Central Violeta Sug. Century R M (b10c) Cerro de Pasco (4) Certain-teed Prod __ Certain-teed P pf (6) Champ Pap & F (1) _ Chesapeake Corp (3). Ches & Ohio (12.80) .. 2% Chi&EastIll (d) . 6% Chi& East Il pf (d). 2% Chi Grt West (d) 18% Chi Grt West pf (d)._. 30% Chi Mail Order(t13%) 2 Chi Mil St P&P (d) .. 4% Chi M St P&P of (d)- 3% Chi&NW(d) ... 11% Chi& N W of (d)- 1 2 = 9 Baldwin Loco (d) .. 10 2 8 1 8 IR N 8 San ....:.a?:s”. 16% 6% 35% 8 633 2% ChiR1&Pac (d). .. 5% Chi RI&P 6% pf (d)- 6% Chi RI&P 7% pf (d). 24 Chi Yellow Cab (2) 22}4 19% Chickasha Cot Ofl__. 15% 12} Childs Co . 185% 110% Chrysler Corp (bl%) 213 184 City Ice & Fuel (2) ._ 92 85 CityIce&F pf (6%). 10% 9 City Stores 38% 32} Clark Equip (11.60)_.x 40% 85 Clev Graph Br (2) ___ 98% 78 Cluett Peabody (3).- 188 122} Coca-Cola (2) __.. 2135 1934 Colgate P-P (150c) _ 10435108 Colgate P-P pf (6) - 624 66 Collins & Aikman (11, 1183 110% Collins & Ak pf (7). 51% 4424 Colo Fuel & Iron 24% 21 Colo & Southern 80 24 Colo& Southn istpf_ 20% 17 Columb G & E (a40c) 108 100% Col G & E pf (A)(6)_. 3934 343% Columb Pic vte (11)_ 12434 116}§ Col'bian Carb vtc(t4) 69% 58 Comcl Credit (14) __ 114 101% Comcl Credit pf (4%) 8034 694 Comcl Invest T (t4). 21} 184 Comel Solv (160c) - h i n. uu 2‘% 308 274 27 36 173 17 8 1015 101 8 36 35 116 87 18% 18K +i+00 004+ T+ SHE X SR RIS [ e LR o |+ & +H+1 28% 274 o SESRERS &S FE PR 3 T FEXE FX& ex¥sx x¥ % | 10’% 109% 109% -11{ 45% — Fed Water Svec (A) Fed'd Dept Str (2) Fidel Phoe F In t1.60 ¢ Firestone T&R (2) _. Firestone pf (A)(6)_ First Natl Strs(12%3) Flintkote Co (1) i Follansbee Bros (d)-. Food Machine (1) ___. Foster-Wheeler. _ i Freeport Sul Co (1)__ FullerCo2dpf__ ... Gabriel Co (A)._. Gamewell Co Gar Wood Ind (a55c) Gen Am Inv (a75c) Gen Am Trans't (a3). Gen Baking (160c)__. Gen Bronze_ Gen Cable__ bén' igar (t4) n Electric (1) n Foods ( . *s Gen Gas & E! ) ¢ Gen Mills (3) 703 603 Gen Motors (b25¢) 122%5 11935 Gen Motors pf (5) - 15! 127§ Gen Outdoors Adv 603y 53 en Outdoor Adv(A 110 1073 n Print Ink pf (6) - 4!5 Gen Pub Service Gen Realty & U pf_ Gen Refractor (a3%) Gen Steel Casting pf. Gen Theater E (a2) __ Gen Time Inv (11)__. Gillette Saf Raz (tl)_ Gimbel Bros Gimbel Bros pf (6. 4 Glidden Co (2)-. Gobel (Adolf) - Goebel Brew (12 Uc).. Goodrich (BF)(al1)_. Goodrich (B F)pf(5). Goody'r T & R (b50c) Goody'r T&R cu pf(5) Goodyr T&R 2d pf(7) 4 Gotham Silk Hose_ Graham-Pajge _ Granby Cons (new Grand Union ctfs Grand Un pf (b25¢) .. Granite City Stl (1) .. Grant (W T)(1.40)_. Grt Northern pf Grt North'n Ore (1) _. Grt West Sug (12.40) Green (H L) (11.60) __ Greyhound (180c) - Guantanamo Sugar. Gulf Mobile & N Gulf Mobile & N pf. Gulf States Steel . _ Hack W pf (A) (1%)- Hall (W F) Printing 4% Hamilton Watch b25¢ Hanna (M A) pf (5)- Harb-Walker (12) Hat C'p of Am & b20c Hat Corp pf ww(6%) Hayes Body Hazel Atlas Gl (15) Hecker Prod (60c) - Hercules Motor (+1). Hercules Powder (6)_- Hershey Choc (13) __. Holland Fur (al%)-. Hollander & Son (1) .. Holly Sugar (12) Homestake (112) 3, Houd-Her (B)(t13%). Household Fin (4)._. Houston Oil vte Howe Sound (13). Hudson & Manhat._.. 12% Hudson & Man pf__... Hudson Motor Car-. Hupp Motors . Illinois Central __ Illinois Cent pf (A Indust Rayon (11.68) Indus Ray rts Mch 1_ m 1803 Ingersoll Rand (12). 112}4 Inland Steel (4) uu 22 !naph‘nlon Copper.._. 6 5% Ins Sh Md ctfs(a30c), 18% 1134 Interb Rap Tr vte (d) 6} 4% Intercontl Rubber. 22Y 16% Interlake Iron 8% 5 593§ 42 Intl Bus Mach (16) - Intl Harvester (2%).- Intl Hydro Elec (A) - Intl Mercamuile Marj_ Intl Mining (a%0¢) - Intl Nickel (b50c) Intl Nick(Can)pf(7)- - Intl Paper & Pw (A)_. Intl Paper & Pw (B). Intl Paper & Pw (C)- 90 Intl Silver pt (M)..- 11% Intl Tel & Telooeueme. > L 5 BorBRvafarnfeniunef B, o Ba 2Bmanolforwfe voneBoe was - =gs._§:z..u-...ss=....s... - e 1 =§.. 1373y =14 7 3344 25% + % 913y 43 49 64k 3314 3 635 + 1§ 1705 - % 1133 = 3 143 1708, + % P4 i 44 & 3 _l,l+ +I+tl++++ll +1 + % 10% + b o Sy EEEE - %1 s FFE FERIERIEREE L Y kel 15 283 11314 108 106 114 10815 mnq 203, 681, 245 4315 231 183y 321 333, ‘el 171% 150 23 15% 363 27% 328 28 53% 152 149 28 12% 4% 8814 28% 20034 166 26% % % “y 2 293§ Z:A 20% 17% Kalamazoo S (1) .. Kans City Southern_. Kaufmann D S 11.60 Kayser J &Co (2) .. Kelsey-H (A)(al%). Kelsey-H (B)(al1%3) . Kendall pf (A)(16) _ Kennecott Cop(b50c) KeystoneS&W (bl5c). Kimberly Clark (1) .. Kinney (G R) pf(al). Kresge Dept Stores__ Kresge D S pf (b20) . 10s Kresge(SS)Co(b30c) 3 Kroger G & B (11.60) & Laclede Gas (St L) .. 1208 Laclede Gas St Lpf_. 110s Lambert Co (2). _ 1 Lee Rub & Tire (50, k4 Leh PortCmt (13%;)_. 6 Lehigh Valley Coal__ Lehigh Val Coal pf. Lehigh Valley R R Lehn & Fink (a1%)_. Lerner Stores (12) __ Libbey-0-F-G1(b75¢) Libby McN & L (a1)_ Life Saver (11.60) _. Ligg & Myers (#4) Ligg & Myers B (14) _ Lily Tulip Cup(11%) Lima Locomotive Liquid Carb (2.60) Loew's Ine (12) Loft Inc ar Cmt b75e__ Long Bell Lum (A) __ Loose-Wiles (2) = i Lorillard IPHH 2007 B0s Ludlum Steel (1) McCall Corp (12) i McCrory Stores MeCrory Strs pf (6) . McGraw Elec (12) { McGraw-H (b12%¢)_ Melntyre Porcu (2)__ esson & Rob )u:l\éfl!& Rob nf (3). McLellan St (b75¢)__ Mack Trucks (11)_. Maey (R H)(12) Magma Copper (2) Manati Sugar (d) Manati Sug pf (d) ___ 120s Man El md gtd (d) Manhat Shirt (1) { Maracaibo Oil Exp { Marine Midl'd (140c). 15 Market St Ry . 08 Marlin Rock (12) ___ 1 Marshall Field & Co_. 128 Martin-Parry Corp ¢ Martin-Par rts Mch 2 Masonite Corp (1) _ Mathieson Alk (134)_ Mathieson pf A (7)__ May Dept Str (+3) Maytag Co (afec) Maytag pf 1st pf (6)_ Mead Corp z Melville Shoe (15) 19 @Y% 43% 2234 28% 2534 110% -1 110% + % 104 FHE LI+ g 2Ees X 216 — % 28% + % 2 -1 82 -3% 22% = X% 25% + % 483 +23%¢ 2% + 3% 144 + % 201 + ¥ 19% - % 54 + i 3% 16— 263 + ¥4 2% + % 754 +2 485 + 1§ 7614 +2 3% + ¥ 641 — 8¢ 395 26% + 2314 913 354 33 213 + 11 SSEess 424 261 a1k 13% 4615 SRESK = SRS R Ay 5614 54 GI"‘ S8 13% 6534 419‘ 128 nw 725 6614 2434 19% 107 99 nz% 108 18% 10% 6% ki uy; % 43 1% 2% 18% 2134 803§ 5 2135 99 33% 71 128 9335 263 29% 135 95% 3034 109%; i e 3 Press Stl 2d pf /2%3) . Proctor & Gamb (12). Pub Sve N J (2.60) Pub Sve N J pf (5) Pub Sve N J pf (6) Pullman Inc (1%). Pure Oil Pure O 6% pt Pure Oil 8% pf. Purity Bakerjes(60c) RadioCorp . .. ___. Radio Corp pf A(3%) Radjo-Keith Or (d) .. R R Sec I1l Central Reading RR (2) Reading 2d pf (2)_. Real Silk Hoslery._. Reis (Robt)___ Reliable Strs ( Rem-Rand (160c) - Rem-R pf ww (43%) Reo Motor Car Republic Steel____ Rep Stl pr pf A (6) Revere Copper Revere Copper (A) Revere C&B pf(a3’;) 50s Revere C&B pf (5% ). 608 Reynolds Metal (11) . 3 Reynolds Spring(t1). 2 Reynolds Tob B (3).. 27 Ritter Dental (1) 1 Roan Antel (al.12) 3 Rutland R R pf 2 Safeway Stores (12). 3 Safeway Strs pf (5) _. Safeway Strs pf (6). Safeway Strs pf (7). St Joceph Lead 4a1)< 107 65 208 1208 . 1008 35 Savage Arms (a1) __ 4 Schenley Distil (3) Schenley Dis pf(52) Schulte R Strs (d) Schulte R S pf (d) Scott Paper (1) Seaboard Air L (d) _ Seaboard A L pf (4) )¢ Seaboard Oil (1) 1054 15% zs% 125 Th 443 ) Menzel Co Mengel Co pf ctfs Mesta Machineb:% . 6 i Miami Copper i Mid-Cont Pet (al.1 § Midrd ¢ Mo Kans & Tex pf A_ Missouri Pacific (d) - 533 Midl'd € Mo Kans & Texas Mo Pacific pf (d) Mohawk Corp (+1.20) Monsanto Chem ¢£1). Montgom Ward ($2) _ t] Prod (12) tl 1st pf (8)_ Minn Moline Power _ 9 Minn Moline Pwr pf 1 M St P&S S M1s line_ 200s Mission Corp (adic) - 23 30s 26 18 14 108 5) sk o FFFEE 147 146 4275 139 3334 21'1 2"1 Morrell J & Co (2.40) Mother Lode(al23;c) Motor Products (12) Motor Wheel (1.60) __ Mullins Mfg B(a50c) Munsingwear (3) ___ Murphy G C (2.60) .. Murphy G Cpf (5) __. Murray Corp (a50c) Myers(FE)&Bro (b1) Nash Kelvinator (1). Nashv Chat & St L Natl Acme (aTic) Natl Aviation (al)__. Natl Biscuit (1.60) . Natl Bond & Inv 1.44 N B&I pf A wwal.l5. Natl Cash Reg (al) Nat'l Dairy Prod 1.20 Nat Dairy P pf A (7) Natl Dairy P pf B (1) Natl Dept Stores Natl Dept Stores pf Natl Distil Prod (12) Natl Lead (130c) Natl Mal'ble&Stl(a2) Natl Pwr & Lt (60c)_ \: Mex !&l »f Sn’i 1% 38 181 138, 30% 2954 9914 36 12 308 108 Natl Supply Co XNatl Tea (60c) Natomas (150¢c) _ Neisner Bros (12) New Orl T&M (d) Newp't Indus (a60c) _ N Y Air Brake (b50c) NYCentralRR 9% N Y Dock 193 N Y Dock pf. Ui N Y Investors % NY NH & H (4) NYNH&Hpf (d) . N Y Ontario & West._ NY Shipbuilding - N Y Shipbuilding pf_ N Y Steam pf (6) ... N Y Steam 1st (7) Norfolk Southern(d) Norfolk&W'n (b213) x North Am Aviation North American (t1) North Am Co pf (3) Northern Central (4) Northern Pacific Northwest Tel (3) Norwalk Tire & Rub_ Ohijo Oil (a60c) . ___. Oljver Farm Equip. Omnibus Corp vte Omnibus Corp pf (8) - Oppenheim Collins _. Otis Elevator (a75¢) - Otis Steel Otis Steel cv pf (5%) Owens-111 Glass (6) _. 19% Pac Am Fish (11)___. 113 Pacific Coast _ 25% Pacific Coast 1st pf__ 2114 Pacific Coast 2d 30 Pac Finance (11.80).. Pac Gas & Elec (2) Pac Lighting (3) _ Pac Tel & Teleg (a7). Pacific T & T pf (6) - Pac West O (a6hic) .. Packard Motor(a45¢c) Panhandle Pro& R__. Panhandle P& Rpf_. Paramount Pictures_ Param Pic 1st pf (6)- Param Pjc 2d pf a60c. Park & Til rts Mch 15 Park Utah Parke Davis (b1) Parker Rust P (11%) Parmelee Transport.. Pathe Film Corp __ Patino Mines (160c)_. Peerless Motor __ Penick & Ford (13) Penney (J C) (4) - Penn Coal & Coke. Penn Dixie Cement.__. Penn G1 S'd ctfs a50e. Penn Railroad (a2) Peoples Drug (11 Peoples Gas Chicago. Peoria & Eastern Pere Marquette Petr Corp Am (a%0c). Pfeiffer Brew (1.20)_. Phelps Dodge (b35c). Phila Co pf (8) new_. Phila Co 6% pf (3)__. 4 2408 lsh 5 33 46 221 104 2% 60 2834 213 4% 83 Uy 3% 58 97 Y Kl 22 9% 49% 48% 4% u - BaBmoan raBani 1% 52 9834 52 5% 12 @ S Phila Rap Tr pf (d)__ Phila& Read C& I... Phijllip Morris (2) ... Phillips Jones Phillips Petrol 16% Pierce Oil pt 314 Plerce Petroleu 284 Pillsbury Flour 1. Pittsburgh Coal 2% Pittsburgh Steel Co.. 3% Pitts United Corp. 3134 Pittsburgh & W Vall 24 Pittston Co-_. \ 4 K3 THNES P & ¥4+ tlIl|’I|1F+I|4+'+}\‘F+l4+lll*l#(‘ 2883, . FHEEE FEEL LR+ RS2 5288850880 X X 28 HikI L0 FEX 1+ FEXBEFEL FEFR KEEEFHFEE KERRER KXRKSREIEESK N T ++1++4+1 Seagrave Corp __ Sears Roebuck (3) Servel Inc (11) Sharon Steel (11.20) - Sharpe & Dohme __. Shatguck(F GJ(S‘)CL Shell Un Oil pf (5% Sjlver King (60c) _ Simmons Co (a3) - Simms Petrol Snider Pack (b1l3) - Socony-V Oil (b25e) - So Am G & P (a30c) ison (t13z). Southern Pacific Southern Railwa; Southern Ry pf Sparks-Withington ¢ Spencer Kell (1.60) - Sperry Corp vtc (al). Spicer Mfg (a3) ___ Spiegel Inc (b2ic) Spiegel Inc pf (612) - Square D (B)(al%) Stand Brands (180c). Stand Com Tobacco__ 110% 4 15 105 4 Stand Gas& El (d) - Stand G&E §4 pf (d) - Stand G&E $7 pf (d) - Stand Inv Corp Stand Ojl of Cal (1) Stand Oil of Ind (1). Stand Oil of N J (t1). Starrett(L S)(11.40). Sterling Prod (13.80) ewart-Warner 150c Stokely Bros (b20c) _. Stone & Web (a25c) - Studebaker Corp Sun Ojl (1) Superheater (150¢) -~ Superior Oil Superior Steel __ Swift & Co (11.20) Swift Intl Ltd (2) m'gton-G ww bl0c Sym’'gton-G xw blie Talcott (James) haoc Telautograph (60c) - Tennessee Corpaldc. Texas Corp (2) - Tex Corp rts Mch 19_ Texas Gulf Pr (a5c). & Texas Gulf Sul (12)_. Texas & Pac R R - Tex Pac C&0 (bl0c) . Texas P L T (allc) .. ‘Thatcher Mfg (1) The Fair Thermoid Co__ Thompson J R (15 Thompson Pr (all2). ¢ Thompson Starrett Tide Wat As Oil(§0c) Timken Detrojt (1) Timken Roller B (3) - Transamerica (f40c) Trans&West Air a25e Transue & W (160c) - Tri-Contl (a50¢) . _. Tri-Cont'l Corp pf (6) Truax-Tr Coal (b25¢)x 4 20thCent F F (t1%). ¢ TwinCity RT Twin CR T pf (al4). 4 Ulen & Co Union Bag & Union Carb&C (3. "0) ¢« Union Oil Calif (1) Union Pacific (6) .- Union Pacific pf (4)_. Union Tank Car 1.60 United Aircraftas0c. United Air L (a20¢) '4 United Biscuit (1.60) United Carbon (13) __ 4 Unit-Carr Fast (12)_. United Corp (a20c) United Corp pf (3) United Drug (a75 United Dyewood - United Elec Coal - United Eng&Fy (12). United Frujt (13) __. United Gas Imp (1)_.x United Paperboard ... U S & For'n Secur _ U S &For'n 1st (6) U S Freight (11)_ U S Gypsum (2) U S Gypsum pf (7) U S Hoffman U S Indus Alcohol - ¢ US Leather vte U S Leather (A) vtc. U S Pipe & Fdry (3)_ x U S Realty & Imp. U S Rubber U S Rubber 1st pf. U S Smelting (b2).. U S Steel . __ U S Steel pf (7) U S Stl Yd (a12%¢! United Stores (A) _ Utd Str pf (a14.81%) Univ Leaf Tob pf (8). 20s Univ Pictures 1st pf_ 20s UtilPw& Lt (A)(d)- 13 Vadsco SalesCorp - 4 Vadsco Sales Corp pf. 10s VanadiumCorp ... 11 Van Raalte (b62%5¢c) . Vicksburg S&P pf(5) Va-Car Chemical Va-Car Chem 6% pf_. Vulcan Detin (a8) _. « Waldorf Syl (11.20) w-.lrreen Co (2) Ward Baking (B). __. Warner Bros Picture. Warner-Quinlan (d) - Warren Bros (d) . - Warren Fdy & P (1) Waukesha Motor (1) Webster Eisenlohr__. Wells Fargo Wesson O&S (t50c West Pa Elec pf (7). West Pa Pwr pf (6) West Pa Pwr pf (7). Western Maryland . Western Md 2d pf. Western Pacific Western Pacific pf West'n Un Tel(b75¢) Westingh'se A B (1) Westinsh'se El (bl1). (cmmm‘ on Page A-23.) 1+ FEFE FRESITER S&& 0 AL (SR ST M TR T e ST e FEIFLIOFERF FEEIFESES 144+ +114+41 SEFEE FoaE - Two Points Are Reduced by Light Selling. Stock Averages 30 Indust. Net change. +.3 ‘Today noon. 98.7 Prev. day._. 984 Month ago. 96.6 9.6 Rl dih. s +6 +2 +3 428 505 725 422 503 722 38.7 524 T1.0 387 494 618 432 540 738 378 502 69.1 435 53.7 728 302 434 55.7 87 239 169 146.9 153.9 184.3 157.7 516 953 618 618 LARE K S LN [ 1936 1932 low- 1929 high 1927 low_ REFER (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer. NEW YORK, February 25.—A drib- ble of liquidation today washed away part of the stock market's early gains. After rising fractions to around 2 points by midday. the market turned irregular and some coppers and steel which rose during the morning slid back a bit along with other groups. Up fractions to a point or so_were Sears Roebuck, Marshall Field, Beth- lehem Steel, National Steel, Douglas | Aircraft, Boeing, Callahan Zinc, Butte Copper, Du Pont, United States In- dustrial Alcohol and Chrysler. Under pressure were United States Steel, Case, Anaconda, Kennecott, New York Central, Southern Railway, General Electric, Standard Oil of New Jersey and American Zinc. Although rising metal prices stimu- lated demand for shares in this group. some sections failed to hold ground Transactions approximated 2,400,000 shares, FTY P NEW YOF YORK COTTON By the Associated Press. NEW YORK, February 25—Ear! rallies of 2 to 7 points in cotton toda encountered increased hedge selling and liquidation owing to easiness of grain and a forecast for moisture n the dry Western belt. The pressuie was heaviest in the new-crop posi- tions, but continued trade buying lent partial support to nearby celiveries. May sold off from 1265 to 12.60 and was quoted at 12.61 in midafternoon, were 4 points ++ 14 R RENE FEEFF EANE K, Putures closed steady. 4 higher to 6 lower March May July Octover = ¥ +14++1 December January Spot st T m Phce to omestic €otion prices today and options at New Orl opened from 3 to 6 points higher Some of the buying at New Orleans | particularly in the old crop options. Was | said to come from abroad. The domestic trade also was & good buver in the early M rch opened at 12.65. May at 12.59, = 3| July at 12.41 and October at 11.92 1 More _repo were heard of an im- proved demand for loan cotton. but defi- nite details were n -% | 'Southern Pamf ic Asks Approval of $11.220.000 Issue BY the Associatea Press The Southern Pacific Co. asked In- terstate Commerce Commission au- thority today to issue and sell $11,220,~ 000 of 2'4 per cent equipment trust certificate for purchase of new equip- ment The company has agreed to sell the issue to Salomon Brothers and Hutz- ler at 97.377 and accrued dividends, subject to the commission’s nppro\'nl. COMMISSION APPROVES RIVERSIDE MILLS STOCK By the Associated Press. RICHMOND, Va. February 25.— The Riverside and Dan River cotton mills of Danville had the approval of the State Corporation Commission to- day for increasing the authorized maximum capital stock from $15,000,~ 1000 to $22.500,000. Under a proposed amendment to its charter, the company may issue 300,- 000 shares of $25 par value common stock to be offered. four shares for on~, for the retirement of preferred stock. The capital stock of the Danville Textile Corp. is now evenly divided in common and preferred shares. |‘||I‘0*I*IIIIO|+ ¥ NEW YORK SUGAR. NEW YORK, February (® —Raw sugar was firm early today and. while the spot price remained unchanged at 3.45. as refiners were unwilling to pay above this level there was nothing available below 1 2.50 A sale was confirmed at the latter price amounting to 10,000 bags of Puerto Ricos for second-hal{ March shipment to an operator. Reflecting the firmness in the spot mar- ket No. 3 sugar contract was higher on increased coverig in March and trade buying. No. 4 contract. after holding steady early. eased under increased liquida- tion and hedge selling. March, advanced from 252 to 259 or 7 hllher while later de- liveries were HD 3 to 4 points. with July selling from .60 m 2.63 and midday prices around the bes No. 4 May drtlm!d ‘from 1.19 to 1.18 and September from 123'z to 1.21, or 1 to 2 points lower. Refined was unchanged at 5 cents for fine granulated. Il!h demand still light. = PHILADELPHIA PRODUCE. PHILADELPHIA, Pebrulry 25 (). —But- 2 score. 34%-35; 91, 34; 9 k53 ' Fidelity Fund, Inc. 1 of Boston Prospectus on Request Investment Securities | 1002 Woodward Blds. District 8431 For investment of SAVINGS we recommend BOSTON TYPE Mutual TRUST FUNDS Full tnformation will be furnished on request. A. S. GovLpeN & Co., Inc. Woodward Bidg. NA. 2000 e ) S [3 ’