Evening Star Newspaper, March 9, 1937, Page 16

A—16 ®xx* FINANCIAL. THE EVENI NG _STAR, WASHINGTON, D. C., TUESDAY, MARCH 9, 1937. FINANCIAL. POSTAL RECEPTS [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEISOCKSELED ABOVE YEAR AG0 $581,899 Total in Month Is $3,895 Larger Than for 1936 Period. BY EDWARD C. STONE. Further evidence of steadily mount- ing business improvement in the Na- tional Capital came to light today with the report of February receipts at the city post office. Postal revenues totaled $581,899.81, compared with $578,005 in the cor- responding month last year, a gain of only $3,895.81, but sufficient to show that the business trend in Washington 1s still upward. The figures compare with the lower total of $499.866 in Febrluary, 1935, and $426,931 in mal‘ month in 1934. Post office receipts were also con- siderably ahead of the Janary total this year, which amounted to $577,503. With the exception of January, postal receipts for many months have been ahead of the corresponding periods in the previous year, the advances in November and December being par- ticularly notable. Postal receipts are rated as one of the best indices of business condi- tions and trends. The income is made up of money paid in for regular letter service, special delivery stamps, air- mail shipments, money orders, parcel post and registered mail. The yearly total for this city, reported at the end 0. the Government's fiscal year in June, will far outstrip the previous year, judging by the eight months’ totals already on the books. Wholesale Trade Still Rising. The value of wholesale trade in- creased substantially in January, 1937, from January. 1936, and collections on accounts receivable were made at a slightly higher rate over this period, according to the National Association of Credit Men and the Bureau of For- eign and Domestic Commerce. Total net sales of 1,094 reporting wholesalers increased 16 per cent in January, 1937, from January, 1936, a continuation of a change recorded for every month of 1936 over the cor- responding month of 1935. Without adjustment for seasonal influences, January, 1937, sales registered a de- crease of about 4 per cent from De- cember of last year. All of the wholesale trade groups ghown in this report, excepting farm products and tobacco products, had‘ increased sales in January this year over the same month last year, with | durable and semi-durable goods show- ing the most favorable improvement. | The increase ranged from 54 per cent for groceries and foods to 50.4 per cent for metals. Land Banks Cut Farm Holdings. In the six months ended Feburary 1 the Federal Land Banks sold more farms than they took over, thus de- creasing their real estate holdings for the first time since the beginning of the depression, according to a state- ment by Governor W. I Myers of the | Farm Credit Administration. He saldi the Federal Land Banks were far from being the largest holders of farm | reel estate. The number of farms owned out- right by the Land Banks reached a peak of 24.355 on August 31, 1936, but declined to 22,505 on February 1 this year. Farm real estate owned was carried on the books of the Federal Land Banks at $78.200,000 on August 31, 1936. On February 1 the amount | ‘was $73,500,000. Insurance Firm Hast Big Year. Bradford H. Walker, president of the Life Insurance Co. of Virginia, at Richmond, reports in his annual statement that total insurance in force on December 31, 1936, was $440,095,- 757. a gain for the year of $23,158,155. During the year assets were in- ereased by $5763,454 and stood on December 31 at $88,905,771. On the same date total capital, surplus and contingent reserve amounted to $15,- 945,390, President Walker stated. Since organization 66 years ago the Virginia insurance concern has made total payments under policy contracts of $109,654,385, the president’s report discloses. A. E Call and F. X. Callahan, rep- resentatives for Washington and vicin- ity, state that business in their ter- ritory was excellent during the year, reflecting the general prosperity pre- vailing. Peoples Drug Stock Advances. Peoples Drug Stores common stock gained 1!> points on the New York Stock Exchange yesterday. closing at 621,. About this time a year ago this stock was selling around 30. The last sale on the Washington Stock Exchange was registered at 497, preferred stock gained 1% points in New York yesterday, closing at 116. Yesterday's advances were probably due to the Peoples Drug Stores monthly report for February, just announced, which shows that sales totaled $1,758,277, against $1,651,507 in February, 1936, a gain of $106,770, or 64 per cent. Sales for the first two months of 1937 amounted to $3,- 556,317, compared with $3,259,589 in the like period of 1936, an increase of $296,728, or 9.1 per cent. January sales showed an increase of 11.4 per cent over January, 1936. Bankers to Debate Richmond. The debate team of Washington Chapter, American Institute of Bank- ing, will meet Richmond Chapter in the Old Dominion capital next Satur- day night, taking the negative side of “Resolved, That the Government should develop and control the chief sources of hydroelectric power.” The debaters are Thomas Cronin, Munsey Trust Co., and William Russ, City Bank, with L. Harry Rider, National Metropolitan, as alternate. Dr. Elmer L. Keyser of George ‘Washington University has been coaching the team. A large delega- tion is planning to go to Richmond. The Debate Committee consists of A. Stanley Wolfe, Riggs National, chair- man; Thomas Cronin and Theodore Bogley, Munsey Trust, and Fred Schreiner, First National, Alexandria. Heard in Financial District. John A. Reilly, president of the Becond National Bank, is spending a few days at the Georgtown Hospital for special treatment for arthritis. Directors of the Virginia Public Service Co. have declared the regular quarterly dividend of $1.75 a share on the 7 per cent preferred stock, pay- able on April 1 to shareholders of rec- ord March 10. Washington Loan & Trust Co. stock sold at 300 on the Washington Stock Exchange today. Capital Transit stock figured in many small lots at “15% and 15%. Washington Gas ‘ Light appeared on the board at 85%. Bond sales were confined to Capital “Traction 5s, which opened at.93% and closed at 94, By Private Wire Direct to The Star. 2:15 p.m. “Bales— Add 00. Stock and Dividend Rate, Acme Steel (4) .. Adams Expr (a56c) . Prev. 1037 High. Low. 803 63% 15 2474 2 Advance Rumely ... Ajr Reduction (t1)__. Air-Way Elec Appl:_. Alaska Juneau(160c) Alleghany Corp . Alleg pf ww $30 Alleg Corp pr pf Allegheny Steel b40c. Allied Chemical (6) . Allted Mills (b50¢c) .- Allied Stores (b20c). Allied Stores pf (5) - Allis-Chalmers (b50c) Alpha Port Cem’t (1) Amal Leather Amal Leather pf (3). Amerada Corp (2) - Am Ag Chem(Del)bl. Am Bank Note (11) . Am Brake Shoe (12)_ Am Can (t4) Am Can pf (7) Am Car & Foundry i Am Car & Fdry pf Am Chain & Cable bl. Am Chicle (14) Am Coal of Alleg Am Colortype Am Comel Al (a50c) - Am Crystal Sug (b2 Am Crys S 1st pf (6)- Am Encaustic Am & Foreign Pwr. Am & For Pwr $6 pf_. Am & For Pwr $7 pf_. Am & For Pwr 2d pf.. Am Hide & Leather__ Am Hide & L pf (3) .. Am Home Pr (2.40) - Am Ice % Am Ice pf (2) Am Internatl (a40c). Am Locomotive Am Locomo pf (a3) ¢ Am Mach&Fdry (t1). Am Mach&Met (60c) Am Metal Am News (N Y)(3) Am Power & Ligh Am Pwr & Lt pf (5 Am Pwr & Lt pf (6) . # Am Radiator (60c) . Am Radiator pt ( Am Roll Mill (11.20). 36 32 Am Safty Razor (12) x 29 234 Am Seating (all3) 4915 41 Am Shipbuilding (2). 997y 88% Am Smelt & Ref (3)_. 6 33 Am S & Rrts Mar 31_ 107 105 Am Sm & Ref pf (6)_. 6744 63 Am Snuff (13) 734 53's Amer Steel I (b50¢)_ 263 247 Am Stores (2) 5675 650 Am Sugar (2) 33, 140 Am Sugar pf (7) Am Sumatra Tob(?l) Am Tel & Teleg (9) - Am Tobacco (3) - i Am Tobacco B (5) . Am Tobacco pf (6) Am Type Founders __ Am Water Wks (80c) Am Woolen Am Woolen pf (bl).- Am Writ Paper (d) Am Writ Pap pf (d).. Am Zinc & Lead AmZinc & Lprpf.. Anaconda Copper(t1) Anaconda Wire (72) Anchor Cap (60¢) Andes Copper . AP W Paper Armour (Del) p Armour (111) (bl5c) Armour (I11) pf (7) .x Armour (I111) pr pf(6) x Armstrong Cork (2) Arnold Const b62 Artloom Corp Artloom pf (a7) Assoc Dry Goods © veBononanBa8] 90 72 1055 100 29 29, 23% 13% 2684 13 108 13 146 3 6 12 61 8 45 108 12 2 8 2308 170 15034 140 i) 2915 2 10 46 175 el 1915 114 106 105 B6%y 6Yky 1041000 o4k 44l 3575 304 163, 503 2 154 AtchTo & S Fe (a2) . Atch T& S Fe pf (5). Atl Coast Lane tal) Atlantic Refining(t1) Atlas Corporation 80c Atlas Corp pf (3) Atlas Powder (b75c)- Atlas Tack (1) Auburn Auto Austin Nichols _ Austin Nichols pf A_ Aviation Corp (Del) Baldwin Loco (d) Baldwin Loco pf (d) Baldwin Loco asd(d) Baldwin L pf asd (d) Baltimore & Ohio Baltimore & Ohio pf Bangor&Aroos pf (5) Barber Co (a7dc) .___ Barker Brothers Barker Bros pf (2 %) Barnsdall Oil (1) Bayuk Cigars (175¢). Beatrice Cream (¥1). Beech-Nut Pkg (74) .. Belding Hemin (1, Bendix Avia (b2ic) .. Beneficial Lo (b45c)- Best &Co (12%) Bethlehem Stl (all3) Beth St15% pf (1) _ Bigelow-San (b50¢) .. Black & Decker bi0e. Blaw Knox (a80c) .. Boeing Afrplane Bohn Alum & Br (3). 7 Bon Ami (A)(4) 2908 Bon Ami(B) (b62%c) 290s Borden Co (1.60c) . 23 Borg-Warner (4) Boston & Maine Bridgep't Brass ( ) Briggs Mfg (12) Briggs & Stratton(3) Bklyn-Man Tr (4) .. Bklyn Man T pf (6) .. Bklyn & Queens Bklyn & Q pf (a3) - Bklyn Union Gas (3). Brunswick-Balke. Bucyrus-Erfe _ Budd (E G) Mfg _ 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 (t1).. Calif Packing (2) Callahan Zinc-Lead .. Calumet & Hecla (1) Campbell Wy (1) Canada Dry G Ale.. Canadian Pacific _ Cannon Mills (b50c)- Cap Admin (A)(al)_. Carriers & Gen(a35¢) 176)%5188 Case (JI) Co (4) 8534 Caterpillar Trac(t2). 26% Celanese Corp (al%;) 86% Celotex Corp 8% Celotex Corp pf (5) _— 8¢ Centr Aguire (113%)_ 8% Central Foundry Co.. 87% Central RROf NJ __. 17 Central Violeta Sug._. 1034 Century R M (b10c).. 67% Cerrode Pasco (4) . 16} Certain-teed Prod._. 674 Certain-teed P pf (6). 85% Champ Pap& F (1)__ 41 Checker Cab Mfg____ 85 Chesapeake Corp (3). 68} Ches & Ohio (12.80) .. 99 Ches& Ohio pf A (4) 2% Chi& EastIll (d) _. 6% Chi& East Il pf (d). 234 ChiGrt West (d) __ 13% Chi Grt West pf (d) .. 30% Chi Mail Order(t1%) 2 Chi Mil St P&P (d) . 4% Chi M St P&P pf (d). 3% Cht&NW(d) ... 1134 Chi& N W pt (d) 28 Chi Pneumatic Tool-. 6134 Chi Pneu T pf (a3%). 2§ Chi R1&Pac (d). .. 6% Chi RI&P 6% pf (d)- 6% Chi RI&T 7% pf (d)- 19 Chickasia Cot Ofl__... %4 1234 ChildsCo ... ... 73 46) Chile Copper (1) 135} 110% Chrysler Corp (b134) 21% 18% City Ice & Fuel (2)_. 10% 9 City Stores . 3814 8234 Clark Equip (11. 60)-.. 113 107 Clev El Illu pf (4%). 41% 85 Clev Graph Br (2) ... 98% 78 Cluett Peabody (3).. 145 122} Coca-Cola (12) .. 24 19% Colgate P-P (150c)... 21 623 66 Collins & Afk (12, 2 112 110% Collins & Aik pf (5).._60s A 308 15 20 3 9 5 60 13 1us 55 1708 128 1 108 19 i 1 8% 5 20 7 308 GaBrowonnionesiBeande R T P .......3.....:5- Hish. Low. Close. chge. 9% 8% 21% 21% 110 1235 93 s 6914 31§ 93l4 1475 147% 23% 23 57 57 1125 112_11 by =136 Il'i 2634 — % 83 +1% 3% Y% + W) 4 - X 147 + % =3y 11 434 169 —1% 6834 + Y 96! 3 8819 — 3 00 — 3 29 42 208 = 4 204 + % 28 + % 8% 325 + 3% 813 + 4 0 -% 2% -4 5 +% 183% — % 343 — % 2 +% 16% + 4 57 =1 16274 —21% 98 3334 — 44 47l - % 81 33 =1 1% - 40 17 184 84% — Y 204 = % 8 =% 4% = Y% 1= 863§ ~2 673 MY + % e 3 1% - 3% 3 17% + % 3144 + % % -% 9% 35% 107% - 403 ~13 9334 — 34 1473 +2% 23 % % % % Prev. 1037 Stock and Dividend Rate. Colo Fuel & Iron.. Colo & Southern Colo & Southn 2d pf._. Columb G & E (a40¢) Col G & E nf (A)(6)_. Colum G&E pf (5) __ Columb Pic vte (1?) Coi’bian Carb vte(t4) Comcl Credit ($4) Comel Invest T (t4) . Comel Inv T pf (4%) Comel Solv (160c) ... Comw & Southern . Comw & Sou pf (3) Conde Nast Publish._. Congoleum-Nairn (2) 108 208 60 4 30s # CoomR&Lpf.._... 4 Consol Cigar 4% Consol Edis N Y (12) # Cons Coal (Del) vtc. Con C pr pf ww (6%) Cons Cig pf xw (64) 108 508 70 Consol EA N Y pf (5) 2 Consol Film Consol Film pf Consol Laundries Consol Oil (80c) Consol R R Cuba pf__ Consol Textile (d) __ 340 3 33 31 5908 10 Cons C (Del) pf vtc Container Corp(1.20) Contl Baking (A) Cont] Baking (B) “Cont’l Can (3) 3 Contl Diamond F (2). i Crown C'k & Seal (2). 3 Cuba R R pf = 109% 101§ ¥y 233 86 s035 634 1954 80 82 s Davega Stev pf(1%) 105 13035 10425 313 29 5634 24 33y 81 1714 122 | 1m0 11514 17 Contl Insur (11.60) Contl Motors - Contl Oil of Del Ul) Cont’l Steel (bs0c) _. Corn Ex Bk & Tr (3 Corn Prod Ref (13) Coty Inc Crane Co Cream of Wheat (2) Crosley Radio (a1%) 10 Crown C&S pf ww21lj 1 Crown Zellerback vte 21 Crucible Steel Cuba Co 4 . 1108 Cuban-Am Sugar 16 Cudahy Pkg (2% Curtis Publishing_ Curtis Pub pf (7) Curtiss Wright - Curtiss W (A)(a50c) 30 Cushman Spf (33%5) . 10s Cutler-Hammer bs0e 1 Davega Stores (1) 2 4 80s 31 51 Dayton P&L pf 14‘-') Deere & Co Deere & Co pf (1.40)_ Deisel-Wem-G (1) __ 2'3 Delaware & Hudson._. Dela Lack & West Den & Rio G W pf(d) De Mackinac Devoe & Rev (A)(13) * Diam'd Match (b50c) Distil Corp Seaz Ltd_ Distillers Corp pf i Doehler Die Cast Dome Mines (2 &« Dominion Stores ___. Douglass Aircraft Dresser Mfe (A)(a3) Duluth S S & Al _, Duluth SS & Atl pf.. Dunhill Internatl ___ 5'i Duplan Silk (1) 2 Duplan Silk pf (8) mat, 10914 45% 391 624 19% 158 8614 19% 153 14 3234 65 42! 21 x 10 Du Pont de N (b7ie) . Duquesne Lt 1st (5)_ Fastern Roll Mills stman Kodak (6) . man Kod pf (6) . aton Mfg (12) Eijtington-Schild = El Paso Nat G (1.60) llec Auto Lite (+2.40 21 3 1608 2 3 5 24 90 6 300 Ind (a18¢c) & Pubiic Service ._ Eng P S $6 pf (a12) Equitable Office Bxds cans Product (11)_ change Buffet _ a'd Dept Str (2) Fed'd DSeupf (4%) Fidel Phoe F In ¥1.60 Firestone T&R (2) First Natl Strs(1215) Flintkote Co (1) Florence Stove b3l Florsheim Shoe A (2) & Follansbee Bros (d). 15% 124 0% 16% 145 1 2574 54 12 vM 114% 1639 52% 39‘4 284 58 6014 6015 12234 11934 1515 12% 4% & 563 5834 6% 84 46% 87% 43 4 40% 623§ 37 Food Machine (1) .__. Foster-Wheeler _ Foster-Wheeler pf Francisco Susar __ Freeport Sul Co (1) _, Gabriel Co (A) Gamewell Co Gannettcv pf (6 Gar Wood Ind (a Gen Am [nv (a75c) Gen Am Trans't (a3). Gen Baking (+60c) Gen Baking pf (8) Gen Bronze Gen Cable Gen Cable (A) Gen Cable pf (a7) .. Gen Cigar (14) — Gen Electric (bi0e) .. Gen Foods Gen Gas & Elec (A) . GenG&E 6% cv pf A. Gen Mills (3) Gen Motors (b25¢) Gen Motors pf (5) Gen Outdoors Adv. Gen Pub Service _ Gen Ry Signal (1) Gen Realty & Utll __ Gen Realty & Upf __ Gen Refractor (a3§) Gen Thea Equip (2)__ Gen Time Inv (1) 4 Gillette Saf Raz (t1). 1 12814100 14614 114} 183 9% 4% 15 5% 273 8% 7% 114 %2 3 6% 3% Gillette S R pf (5) Gimbel Bros Gimbel Bros pf 6) Glidden Co (2) = Glidden cv pf (23) . Gobel (Adolf) - Goebel Brew (t20c). x 16 Goodrich (BF)(al)_. 72 Goodrich (B F)pf(5) 4 Goody’r T & R (b50c) 120 Goody'r T&R cu pf(5) Goodyr T&R 2d pf(7) Gotham Silk Hose . __ Goth Silk H pf (7) Graham-Paige Granby Cons (new).. Grand Union ctfs Grand Un pf (b25c¢)-.. Granite City Stl (1).. Grant (W T)(71.40).. Grt Northern pf Grt North'n Ore (1) . Grt West Sug (12.40) Grt West Sug pf (1)~ Green (H L)(t1.60) . Greene Cananea (3)_. Greyhound (80c) Greyhound C'p pf 55¢. Guantanamo Sugar.. Gulf Mobile & N pf_. Gulf States Steel Hall (W F) Printing. 1 Hamilton Watch b25c Hamilton W pf (6) __ Harb-Walker (12) Hat C'p of Am A b20c Hat Corp pf ww(6%) Hayes Body Hazel Atla! Gl (15) Hecker Prod (60¢) .. Helme (G H) pf (7)... Hercules Motor (f1). Hercules Powder (6). Hercules Pdr pf (6)_. Hershey Choc (13) ._. Hershey Choc pf (t4) Holland Fur (al3)_. Holland Fur pf (5)_.. Hollander & Son (1).. Holly Sugar (12) - Homestake (112) __ Houd-Hersh(A)(2%) Houd-Her (B)(113%;). HouseHold Fin (4) __. Houston Ofl vte .. Howe Sound ($3) . Hudson & Manhat. Hudson Motor Car Hupp Motors Illinois Central Illinois Cent pf (. Add 00. High. Low. Close. chge. | High. Lot .8 4Ty 41 256 28y 28y 284 - Ul 144 150%4 mn 150} + 3% 112 130 62 106 48 1083 10814 108§ — 803 3034 304 + % 854 85 853 +1i4 2: 16 Net. | Prev.1937 Stock and w. _ Dividend Rate. 72 ~ 65 Il Cent 1se lines (4) . 22)4 123 Indian Refining (al)- 35| @40} 36} Indus Rayon (2)- 1% 17% + % 13034 Ingersoll Rand (t2).. 187 135 Ingersoll R pf (6) 1313 112}§ Inland Steel (4). 33% 224 Inspiration Coppe 6 5% InsSh Md ctfs(a20c) 13% 1134 Interb Rap Tr vte (d) 103 4% Intercontl Rubber. 27% 16% Interlake Iron 8% 5 Intl Agricultur: 59% 42 Intl Agricul prp 189 176 Intl Bus Mach (16) 1113102 Intl Harvester (23). 162 150% Intl Harvester pf (T) 16% Intl Hydro Elec (A) _ 9% Intl Mercantile Marj. 18% Intl Mining (a%0c) ... 2% Intl Nickel (b50c) .__ 21% Intl Paper & Pw (A)_ 143 Intl Paper & Pw (B). 7% Intl Paper & Pw (C)_. 108% Intl Paper & Pw pf. Intl Print [nk (12) . Intl Print Ink pf (6). Intl Ry Cent Amer. _. 41 25 - % 26 -1 11634 116% 60% 602 + % 6814 69 1 106Y4 1083 — 19% . 19% = 3 3% 3% 61% 63 42 15% )su -1 4334 18% 164 93 Ql 4% 16% 128§ 48% 41 1113 1097 10 8 573 28% 493, 110 1574 3614 29 87% 165 5% 136 48 2615 31% 90 113 29% 254 784 131 4% 123 42% Intl Salt (11%) _ Intl Silver Intl Tel & Tel - Interstat Dpt St b2% Island Creek (2) Jewel Tea (t4) Johns-Manville (13) _ Johns-Man rts Mar 11 Jones&L 7% vf b1% Kalamazoo S (11) ... Kans City Southern_. Kans City So pf (al). Kaufmann DS +1.60_. Kayser J & Co (2) Kelsey-H (A)(al%). Kelsey-H (B)(al%) . Kendall pf (A)(16)__ Kennecott Cop (b30c) KeystoneS&W (bl5e) Kimberly Clark (1) 5 Kinney (G R) Co ___ Kinney (G R) pf(al) Co(b30c) Kroger Groe & B 1.60 { Laciede Gas (St L)_ Lambert Co (2) __. Lee Rub & Tire (50c) Leh Port Cmt (132) __ Lehigh Port C pf (4)_ Lehigh Valley Coal . Lehigh Val Coal pf. i Lenigh Valley R R Lehman Corp (73) Lerner Stores (12) __. Libbey-0-F-Gl(b75¢) Libby MeN & L (al). & Myers (t4) . £ & Myers B (14) Lily Tulip Cup(113%) Lima Locomotive Link Belt (12) Liquid Carb (2.60) Loew's Ine (12) Loft Inc S Lone Star Cmt b75¢__ Long Bell Lum (A)__ Loose-Wiles (2) ___ 6115 Lorillard (P)(11.20)_ 5044 Lorillard (P)pf(7) 1 5 5 Louisy GELpLA 1% 3 d kY 1539 11914 17314 134 w0y - 1§ 334 43% +2% 693 814 53 344 25 841§ 5215 (RO il b 8 | ES 39 -2 106% 2134 59 5415 438 64y 23y 56 69 34 221, & 45lg 41 L4615 £ 1% t4++++++1 00 +14+00 04 McGraw-H (b12l Mclntyre Poreu (2) . McKeesport TF (14). McKesson & Re McLellan St (b75c) .- Mack Trucks (11) Madison Sq G (86c) . 3 .\lagmd( Mandell Bros (b1) § Man El md gtd (d) Manhat Shirt (1) Maracaibo Oil Exp __ Marine Midl'd (40c) Market St Ry 2 Market St Ry 2d pf_. Market St Ry pr p Marlin Rock (72) Marshall Field & C Martin-Parry Corp..... Masonite Corp (11) __ Mathieson Alk (13)_ May Dept Str (13) Maytag Co (a50c) AMead Corp AMelville \hoe(\‘a) Mengel Co = Menzel Copf . Merch&Min T (11.60) Tachine(b13) ami Copper Mid-Cont Pet (al.15). Midl'd St Prod (12).. Midl'd Stl 1st pf (8)_. Minn-Hon Ros (2) __ Minn-Hon R pf B (4) Minn Moline Power Minn Moline Pwr pf_. 5 MStP&SS Mlsline_ + Mission Corp (a4ic)- Mo Kans & Texas _. 4 Mo Kans & Tex pf A_. Missouri Pacific (d) . Mo Pacific pf (d) __ 'i Mohawk Corp (11.20) x Monsanto Chem (11). Montgom Ward (12)_ Morrell J & Co (2.40) Morris&Essex (3%) - Mother Lode(al2%c) Motor Products (12) Motor Wheel (1.60) __ Mullins Mfg B Murphy G C (2.60) Murphy G C pf (5) Murray Corp (as0¢) .. Nash Kelvinator (1) Nashv Chat & St L. Natl Acme (aT5c¢) . Natl Aviation (al) Natl Biscujt (1.66) Natl Bond & Inv 1.44_x tB'd &Ihv pf A (5)x Natl Cash Reg (al) _ Nat'l Dairy Prod 1.20 Nat Dairy P pf A (7) Natl Dairy P pf B () Natl Dept Stores Natl Dept Stores pf__ Natl Distil Prod (+2) Natl En & Stpg (2) .- Natl Lead (150¢) .___ Natl Mal'ble&Stl(a2) Natl Pwr & Lt (60c). Natl Ry Mex 2d pf Natl Steel (1235) Natl Supply Co.._ Natl Supply pf(a3%) Natl Tea (60c) ... Natomas (180c) Newberry(JJ) (12.40) New Orl T&M (d) . __ Newport Ind (b50c) _. N Y Air Brake (b50c) NYCentral RR __. N Y Chicago & St L_. YChi&StLopf ___ xzuy, 120 + 1 = 112 1094 1094 10734 241 173 100 7% 313 273 38 30 377 38% 6114 53% 143 113 1 A’x 573 4% 421 6734 29 41 1844 86 28% 9% 4% 56% 6 % 45 8634 4214 12734 12735 —1%4 145 12 1274 253 2 93¢ 263 164 6 5 5% 4% 1585 12 4y 2 272 259 14 109 17% 134 3474 29% 573 55 10436 10154 105 98 3615 275 53% 5134 3% 534 N N Y Rys pf (d) NY Shipbuilding Norfolk Southern(d). Norfolk&W’'n (b213) . [ e o s FERETEEE - North Am Aviation_. North Am Co (b30¢)_. North Am Co pf (3) _ North Am Ed pf (6)_. Northern Pacific Northwest Tel (3)___ 6’4 3)4 Norwalk Tire & Rub. 1934 17} Ohjo Oil (a60c) 644 5314 Oljver Farm Equip. 2615 18)4 Omnibus Corp vtc. 19% 13% Oppenheim Collins. 4514 354 Otis Elevator (60c) - 140 135 Otis Elevator pf (6) 24% 163 Otis Steel 97 756 Otis Steel cv pf (5 28 23 Outb'd M &M (b30c). 180 150 Owens-Ill Glass (6).. 23 19% Pac Am Fish (t1).... 153 113§ Pacific Coast 40 25} Pacific Coast 21% Pacific Coast 2d.__. 2934 Pac Finance (11.80)_. Pac Gas & Elec (2) ... Pac Lighting (3) .- Pacific Mills (b50¢) ... Pacific Tel&Teleg (8) Pac West O (ae) .. Packard Motor(a45¢c) Panhandle Pro& R 6% 5 — 1005 1095 + 35 4% mM 110;‘ % 130 61 105 4734 sx -1 -1% u + K 82% 38 39 +9 404 40% — Yy 24% 7% 15 87 4% 204" 24 a2y 643§ Paramount Pictures.. Param Pic 1st pf (6)_ Paramount 2d pf 80c_. % Park & Tilrts Mch 156 ( 508 14 1 108 3108 Intl Ry C Am pf (A). 100s Intl Silver pf (a4) ___ 340s €3 6 1 1 21 125 108 5 1 6 1 5 3 208 141 n 1 1 1208 8 20 1708 1 4 8 108 Beaxbhil@emas @ g 13 13 1008 208 608 508 4 508 165 4 108 18 1 17 1008 100 9 15 2 Norfolk & W'n pf (4) 1108 87 91 2 2 Northern Central (4) 100s 4 108 1 6 20s 150 150 1 8% 2% 106 2 Panhandle P & R of . 100s 18% 18 a4 874 o Net | Prev.1937 Ma '00. High. Low. Close. chae, | High, Low. 6815 6814 6814 — 8% 184 +1 3734 + % 28% - % 9% -2 % 1463 +5% % 138 +3 23! uy 1 3% 3% 4% 72 2614 25% 18 182 65 + 3 13234 “ +% 1400 B 2] FESFIES F +++ 1 Py - & | S 19% + % 6435 +135 225 -1 18 =% 428 = % 8 24 23% 23% — 1 % % B4 31% 6534 62% | 128% 162} i 28% 12 4834 164 128 12% 1434 32% 2% 4 2:15 n m. Stock and Bale: Dividend Rate. 43 'k Utah __ ‘laJ 40% Parke Davis (b1)_ 2474 Parker Rust P (11%) 6 Parmelee Transport. 83§ Pathe Film Corp ... 14% Patino Mines (160c) . 8% Peerless Corporation. Penick & Ford (13) Penney (J C) (4) Penn Coal & Coke Penn Dixie Cement Penn Railroad (a2) Peoples Drug (1) ___ Peoples Gas Chicago- Pet Milk (1) Petr Corp Am (a90c)_ Pfeiffer Brew (1.20) . Phelps Dodge (b35¢c). Phijla Rap Tr pf (d) - Phila& Read C& 1 _. Philip Morris(b3%)_x 134 Phillips Jones . 49% Phillips Petrol (2) 7 Phoenix Hoslery.. 16% Pierce Oil pt 7% 1 0y 40 2% 267 6% 63 8% 8% 205 19% 6% 6% 58% 58% 4 10354 103 & b 105 10} 46% 594 m !4 2834 Pillsbury Flour 1. 60 15 Pittsburgh Coal 60 Pittsburgh Coal pf . 182 Pitts F W & Cpf (7). 13} Pitts Screw (a52%c) 243 Pittsburgh Steel Co_. 103 Pittsburgh Steel pf _ 2% Pitts Terminal Coal.. 203 Pitts Tertn Coal pf 3% Pitts United Corp 3134 Pittsburgh & W Va__ 490s % Pittston Co _ i Plymouth Ofl (1) ond Creek Poc (2).- oor & Co (B) - PortoR Am Tob (A) _. Porto Rico Am T (B). Postal Tel & C pf (4). Pressed Steel Car . Proctor & Gamb (12). Pub Sve N J (2.60) Pub Sve N J pf (6) Pub Sve N J pf (8) Pullman inc (1%) Pure Oil Pure Oil 8% pf 22508 Purity Bakeries(60c) 25 Quaker State R (80c) 1 Radio Corp 196 i Radio Corppf A(3%)x 2 Radjo-KeithOr (d) __ 17 R R Sec 111 Central _. 110s Raybestos M (113%)_. Reading RR (2) ¢ Real Silk Hosiery.... Reis (Robt) i Reliahle Strs (a50c)_ Rem-Rand (60c) Rem-R pf ww (433)_ x Reo Motor Car____ Republic Steel Republic Stl pf (a12) Rep Stlprpf A (6) .. Revere Copper Revere C&B pf (5%). Reynolds Metal (11)_ Reynolds Spring(11) Reynolds Tob B (3) _. Ritter Dental (1) _ Safeway Stores (12)_ Safeway Strs pf (7). Joseph L (b30c) St L-San Fran (d) St L-San Fran pf (d) St L Southw'n (d) .. § StL Southw pf (d)__ Savace Arms (al) . henley Distil (13)_ henley Dis pf(513) Schulte R Strs (d) Schulte R S pf (4) Scott Paper (1) Seaboard Air L (d) Seaboard A L pf (d) - Seaboard Oil (1) Seagrave Corp Sears Roebuck (3) Servel Inc (71) aron Steel (71.20)_ aron Stl H pf () - Sharpe & Dohme Sharp & Do pf (3%) - 1534 6314 10s 183' 183'4 21 19% 19 7 42 41 30s 115 1143 2 3% 23% A 45 214 261§ 20% 303 8 285 13% 29% 6133 o 4t 1204 1554 684 22 o110 1y 157 6614 1408 27 11 20 208 108 ell Un Oil pf (533) x Silver King Coal b2ic 120 49 s Shef Stl pf (6)_ th (A O) Smith&Corona c!‘(l) Snider Packing (133) i Socony-V Oil (b2e)_ So Am G & P (a30c) - 26 South Port Sug (12) = 8 So Cal Edison (11%). 17 Southern Pacific. 48 108 2 4 3 121 Sparks-Withington__ Spencer Kell (1.64) . perry Corp vt (al). 24 picer Mfg a3) . 3 spvcer\ugn(A(zL 208 47 69 27 26 490e 11134 1103 4 4Thg 474 32 16% 154 40s 1275 12708 3 104 51 14is 59 324 10 693 3 3% T2 83 2 93 24 313 and Brands (180c). and Brands pf (7). E land Com Tobacco_. and G&E $7 pf (d)- ¢ Stand Inv Corp ____ Stand Ojl of Cal (11) % Stand Oil of Ind (71). Stand Oil of Kan (al) Stand Oil of N J (11). Starrett(L S)(11.40). Sterling Prod (3.80) Stewart-Warner t30c Stokely Bros (11) Stone & Web (a2ic)_. ¢ Studebaker Corp Sun Ojl (11) - Superheater (50¢).. Superior Oil uperior Steel Sutherland Pap Sweets Coof Am____. § Swift & Co (11.20) Swift Intl Ltd (2) 'm’'gton-G ww bl0c. i m m’'gton-G xw bl0c Talcott (James) b30c Talcott (J} pf (12%) Telautograph (60c) . Tennessee Corpaldc.. Texas Corp (2) % Tex Corprts Mch 19. Texas Gulf Pr (a5c)_ 413 ¢ Texas GulfSul (12).. 11 Texas& PacRR __. 1 Tex Pac C&0 (bl0c). 53 TexasPL T (al0c).. 25 ‘Thatcher Mfg (11) The Fair pf (7) ¢ Thermoid Co ¢+ Third Avenue_. Thompson J R (150¢) Thompson Pr (alz). 64 Thompson Starrett__ 82 Thompson Star pf __ 25 2 1 10 3 60 12 8 108 2 22 356 1186 35 204 Tide Wat As Oil(60c) 108 28% 22 9 178 22% 6% % 111 2814 138 1051 Tide Wat As O pf (6) Timken Detrojt (1) Timken Roller B (3)_ Transamerica (140c) Trans&West Air a2ic 19% Transue & W (160c)_ 9 Tri-Contl (a50c) 8} Truax-Tr Coal (bfl:'oc) 21} Truscon Steel = 20th Cent Fox bs0c) . 20th Cent FF pf(13%) TwinCity RT Twin C R T pf (a14)- Ulen & Co. Und-Ell-Fisher (3) - Union Bag & Pap (2). Union Carb&C (3.20). Union Ofl Calif (1) Union Pacific (6) Union Tank Car 1.60. United Aircraft a50c. United Air L (a20c) United Biscuit (1.60) United Carbon (4) .- United Corp (a20c) -~ United Corp of (3) United Drug (a75¢) ... United Dyewood (1).x United Elec Coal ___. United Eng&Fy (12). United Fruit (13) __—. % United Gas Imp (1) United G Imp pf (5).. United Paperboard... U S & For'n Secur__... U S Freight (11) caae. U S Gypsum (12) - U S Gypsum pf (7). U S Hoffman U S Hoffman pf(2% ). U S Indus Alcohol . S Leather vtc - Leather (A) vtc. Pipe & Fdry (3)_ Realty & Imp_ (Continued on Page A-17.) 70 16 18% 208 e 6 3 8 15 107 13 2 49 14 10134 2474 12614 21% 204 284 9 85 “ 4% % 1 111% 111% u us us us Add 00, Righ. Low. cluu chu Ao -% 0 =% 6% + % BYMETAL SHARES Favored Steels, Oils, Rails, Implements, Specialties Push Forward. Stock Averages 1ndust fillls Ulll Blks Net change +.4 5 Unc. +.3 47.4 Today, noon 101.2 504 749 Prev. day... 1008 469 504 746 Month ago. 99.7 415 516 73.0 Year ago. 81.6 370 480 62.0 1937 high___ 101.5 474 54.0 75.0 1937 low 941 37.8 500 69.1 1936 high_.. 99.3 435 53.7 728 1936 low.._. 734 30.2 434 55.7 1932 low_._. 175 8.7 239 169 1929 high___ 146.9 153.9 184.3 157.7 1927 low. 516 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, March 9.—Metals led a selective rally in today’s stock mar- ket, but strike news dampened buying spirits to some extent and many issues were unable to push forward. Favoréd steels, oils, rails, farm im- 1+ ++i+00010 L% .’" |+ 4|+++l||l L * ‘I b l—il# U4+ At 4t 1% + % 14% ~ 3% 24% +1%4 30% + 24 1§ 124% + % 169 +1 plements and specialty stocks made headway from the start. Gains of fractions to 2 points were plentiful There were several much wider up- turns Activity, proneunced hour, slowed considerably later. Deal- ings were faster in the last lap Transfers were around 2,410,000 in the first Chrysler and other motors were a | bit depressed as the labor shutdown in % | the former's plants put 75.000 or more | workers on the idle list. Hopes for a | quick settlement were renewed When a conference between union and com- pany officials was arranged. Petroleum shares came to the fore as reports were heard of another immi- | nent boost in crude prices. Several power and light stocks attracted at- tention on the theory they are behind the market. Mounting commodity levels drew interest to the agricultural ! machinery group. NEW YOHK COTTOX the Associated Press NEW YORK, March 3 sumed its advance today Liverpool buying encountere ity of contracts and prices rallied t | further new highs for the moveme: The advance attracted Wall S | commission house buying Realizing developed at advances « 33 to 51 points above Monday's lo but prices were within 2 to 5 po: of the highs in midafternoon. Ma: rallied from 1342 to 13.75 and wa selling at 13.70, with prices generally 20 to 31 points net higher. Putures closed steady, 19 l‘c Cotton 1 as a ot steady midd: Cottonseed Oil. Bleachable cottonseed oil futures clesed firm; May, 11.26: July, 11.34: September, 11.34; October, 11.14b Sales, 171 contracts. b—Bid. WHEAT EXPORTS DOWN, BUT VALUE INCREASES By the Associated Press OTTAWA., Ontario, March 9. —While Canada’s export of wheat was sub- | stantially lower in volume durinz February, compared with a year previ- .| ous. a considerable increase was shown |in the per bushed value. the depart- | ment of nat.onal revenue reported. Exports of wheat during February amounted to 5.362,031 bushels, worth $6.926.695, against 14,241,169, at $11.- 946.435. in the corresponding months last year. Wheat flour exported totaled 347.884 barrels. valued at $1,897.241, compared with 340.102. at $1.429,595. in Febru- 1936 BIG PROFIT REVEALED BY KALAMAZ00 STOVE By the Associated Press CHICAGO. March 9 —Kalamazoo Stove Co. reported 1936 net income of $1.077.831. the largest in the company's history. equivalent to $3.59 a share and compared with $790.613, or $2.63, in 1935 Signode Steel Strapping Co. also re- ported record-breaking earnings of | $374.523, equal to $2.37 a share, com- pared with $203.018. or $1. in 1935. POWER OUTPUT RISES. NEW YORK. March 9 (#.—Com- monwealth & Southern Corp. reports electric power output of the system in January totaled 711,503,756 kilowatt | hours, compared with 621,354.867 in the same month last year, an increase of 14.51 per cent. Fidelity Fund, Inc. of Boston Prospectus on Request William W. Mackall, Jr | Investment Securities I 1002 Woodward Blde. Distriet 8431 TEN STOCKS which have paid Divi- dends continuously for an average of 75 years. Our bulletin de- scribing these stocks will be sent on request, without obliga- tion. Robert G. Jones & Go. SHOREHAM BLDG. ME. 2922 _ Complete Investment Serviee