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2645 18% Reliable Strs (a50c). 2 19% 21% Rem-Rand (180c) 26%4 IRESTRICE ) FNEXEXE > RoarmsonmBoonnnna . BY VICTOR EUBANK Associated Press Financtal W By Private Wire Direct to The Btar. 2:16 p.m. 2:15 p.m, : : Prev, 1037 Stock and Net | Prev. 1037 Stock and Bales— Net | prev. 1037 Stock and Bales— Net Prev. 1937 Stock and Net |High. Low. Dividend Rats, High.Low Close. chee | High. Low. Dividend Rate. = Add 00. High. Low. Close chge. | Hiah' Low. Dividend Rate. Add 00. Hish. Low. Close. chae. High. Low. Dividend Rate. Add 00. High. Low. Close. chge. [ 46} 42 Colu Piccv pf (2%) 43% 4334 4334 + 3| 155 134 Johns-Manville (13)_ 2 145 144 144 —1 | 14034138 PubSve NJ pf (7). 2 137% 137% 137% +1% 8 68 AbbottLab (11.60)__x 1 83 63 63 + )| 12435112} Col'blan Carb vtc(t4) 11634 116 1164 +3% | 196 123 Jones&L 7% Dfbl%_ 20s 181} 181% 181) — % | 724 66% Pullman inc (1%) 16 67 § Kans City Southern . 1123 108 Pure Of1 8% pf.__ 1708 110 110 110 - Y% 81% Addressograph (1) 8214 = }4| 80} 68 Comcl Invest T (t4). 12 70 69% 69% 42 Kans City So pf (al). 23% 18% Purity Bakerfes(60c) 24 214 20% 214 — % = i 4 Air-Way Elec Appli_. 4 =) 7% 69 Comw & Sou pf (3) 60 1874 Kelsey-H (A)(al%). 80 764 Radio Corp pt A(3%) 1% 1Y% 1% — son for Rapid Recovery 1454 CATh eV A i OR (H606) 1 94 13% Conde Nast Publish . 15% 93 1614 Kelsey-H (B)(al%)_ 9% 7% Radjo-Keith Or (d) 9 8 8 8% # Y| 4% 234 Reis (Robt) 3 8y 81 Low Levsls, 363 Allegheny Steel b40o. i 45k + % Con C pr of ww (6%) 515 Kinney (G R) Co____ & 8%+ %| 30 23 Reis (Robt) 1st pf_ Leonard F, Ayres, Cleveland economist, 163 Allied Stores (b20c)— 5% Consol Ed N Y pf (5). 22 Kroger Groc & B1.60. 8 23 b 9% & Reo Motor Car. 84 % Siock Averages declares that artificial stimulation is e et A2 3 onkil Tl Laclede Gas (St L) 108 22 =1 | 474 273 Republic Steel- recovery to produce exceptionally vig- 4% Amal Leather .. .. 3 Consol Ol (80c) Lee Rub & Tire (50c) 14 264 —1 | 30% 26 Reynolds Metal (+1). 6 Net change. —3 —5 —1 — orous business activity both abroad 2 34% Amal Leather pf (3). ) Consol R R Cuba pf. Leh Port Cmt (1%) .. 1 47 + %[ 68 50% Reynolds Tob B (3)_. 4 Today, noon 99.0 47.2 481 1732 : 1 80y ’ 5 % 304 Container Corp(1.20) Lehigh Valley R R, 22 - %| 9% T4 Rutland R Rpf March will be one of the largest| 1% 80% Am Bank Note (1) 30% 4 Lehigh Valley 2 355 47.8 611 monthly outputs on record, but it will| °2% 613 Am Bank Note pf (3) 6134 6144 kel Contl Baking (A) Lehman Corp (13)._. 134 = 3| 46 41% Safeway Stores (12). : y Lerner Stores (12)___ 5 5 ducer is extending every possible effort | 121 105% Am Can (14) _ 1109 1 Contl Diamond F (2). § 6714 Libbey-0-F-G1(b750) 00 0% — Y 8 St L-San Fran (d). . ) ‘ 1936 high 99.3 435 53.7 728 o make up for long weeks of inactivity | 174 155 Am Can pf (1)___ 1638 1605 914 Contl Insur (11.60) ) ¢ 16% 9 1% 143 + Y% 6} St L-San Fran pf (d). % 9% 1936 low.._. 734 30.2 434 557 ‘The iron and steel industry is making | 90% 72 Am Chain & Cable b1. 8 : ggg:.‘f;‘“ °‘; :’};‘n")l)- Ligg & Myers (14) __ el i 13% Am Colortype : ; 5 eel (b50c) . 2 Ligg & Myers B (14)_ 101 102% +1% 94% Schenley Dis pf(514) o 9BLQ 9BY + ) 27 low. 5 mew high records of production abroad, 7 88 i 4 4 y Dis pf (514 1927 low.. 51.6 1 g of production abroad 6% 6% + 4 2" Schulte R Strs (d) i EECLoeLE special stimulus is in war materials. 914 9634 Am Crys S 1st pf (6). (CotyImo=_ScEs o %9 $ Liquid Carb (2.60)_. The demand for coal is so great 8% Am Encaustic .. Crane Co % Loew’s Inc (12) . 77% % = % 14 Seaboard Air L (d)__. 11 3% + % 6 Seaboard A Lpf (d)-. 1 49 Am & For Pwr $6 pf_. 9 100% 4% Crown C'k & Seal (2) Long Bell Lum (A)__ portation, but the special urgency for | oars a8 Am & bor bur 4 or 2434 Crown Zellerback vto onr o B 39 89 + % 98 o i| NEW YORK, March 15—Le 2434 24% Ser el maiitiy 31y 821 5 | stocks suffered an early relapse it A—18 ws FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, MONDAY, MARCH 15, 1937. FINANCIAL. 66) 66% = Y 15 Adams Expr (abbc) .. 213 213 + % | 694 68 Comcl Credit (14) _ 6084 60% 413 i Ayres Points to Special Rea- 3 Advance Rumely 8% + 4| 214 18% Comel Solv (160c) . 27 18Y% 281 Kaufmann D S 11.60. 18% 17 Quaker State R (30c) ms 11 1+ % | Rally From Early Drop Is 3% Alleghany Corp ¢! 4 Congoleum-Nairn (2) 3 56% Kennecott Cop(b50c) % Go% —1%| 18% 9% Real Silk Hosiery. 104% 10 B8Y EDWARD C. STONE. 5855 Allied Chemical (6) . : Consol Cigar pf (1) 3 47% Kinney (G R) pt(al). 470s 5k 66% — Y| oamg 7 - Consol Film pf ( = 5 combining with the natural forces of 6724 Allis-Chalmers(b50c) onsol Film pf (a2) Lambert Co (2) = A1 21% = % | 110 99 Rep Stl pr pf A (6) and here. In this country the produc- | 114%101 Amerada Corp (2) ._ 13 111y Consol Textile (d) - Lehigh Valley Coal. 2% 14 14 Rhine Westphalia._ 3% 13} Prev. day... 99.9 47.7 482 739 803% 69 Am Brake Shoe (12)_ 8% 1234 8 Contl Baking (B) 18% + 4| 108 974 Sateway Strs pf (5)- : 1937 high 48.6 540 75.3 Libby McN & L (1) caused by the strikes of its employes. 66 Am Car & Foundry .. 8 Contl Motors 265 264 — Y 14% Savage Arms (al) __ 4 1932 low... 175 8.7 239 169 i S 2 261 Am Comel Al (a50c)_ Corn Ex Bk & Tr (3 Lima Locomotive and approaching them here, but the 57% 67% + % ott Paper (1) 908 that there is threat of a shortage of 13 Am European Sec : S D ooHeaE (B " W Loft Inc P 2% = % 40% Seaboard Ofl (1) 6 4635 1 3 Loose-Wiles (2) ___ 3 prompt delivery is caused by the fear | 3814 201 Am & Bor bus 3a ofe $ 813 Crucible Steel o % 6% — % St il 96% 9 Sharon Steel (11.20). 2 39% 39% day’s mark later found su 6 1 Seoa 5 Louisv & Nash(b214) {the mines next month and so consum- | 114 6% Am Hide & Leather 3, (2 CubaCo o Ludlum Steel (11)___ ers are piling up reserve stocks as a| 59% 37% Am Hide & L pt (3) % A o Cuban-Am Sugar 1% § McCall Corp (12) i v 47 Am Home Pr (12.40)_ y 127 110 Cuban-Am Sug pf___. % fGrors {precaution. Wage increases and short= ha § 44| 20% 18 Curtls Publebing i L McCrory Stores _ lened hours in many industries are be- 1724 Ava Toe pei(e 4 1093 1013 Curtis Pub pf (7) e i}:"-"réfiv\;nl‘il':;fi:l;-()) ing announced daily, but they are not 13% Am Internatl (ad0c)- 844 6l¢ Curtiss Wright ____ Y| oeo 8274 Mo Sport TP (14) - the result of exceptional profits being 43 Am Locomotive ___. ' i| 23% 19% Curtiss W (A)(a50c) : %224 5 12% McKesson & Rob _ earned by the business concerns in- | 125 114 Am Locomo pt (a3) { (| 9% 8 Cutler-Hammer b50c Me Kess & Rob pf (3) volved. They are being granted in| 2% 22% Am Mach&Fdry (t1). 4 24 224 Davega Stevnt(1y) 4 McLellan St (bT6e) - the hope that they may forestall de- % 11347 Am Much&Met(600). 09 104 Dayton P&L pf (43 5106!{ McLellan Strs pf (6). and so avoid strikes, the econ- e i Hea ncasco S 423, Mack Trucks (11)_ E i s, i NeTE L0 5 el-Wem-G g 8% 25% 2 Y% 50y Macy (R H)(12) 11% Am Power & Light_ 42% Delaware & Hudson_.. 5 3 63 ma Copper (2)__. Retail nadt is brisk and almost | 5% Am pwrfitw:(g; ‘;;‘fi Il‘ela Ln;k]& West watd Sugar (4) . booming, but its special vigor is being 6% Am Pwr & Lt pf ( 28 Detroit Edison (14) i nati Sug pf (d) o 7 contributed by increased consumer | (%% 24% Am Radiator (160c).. 47 : I ma Mstan N : 31 5 dell Eros (b1)___ % Snider Packing (1%) 6 2545 20% the Chrysler sit-down strikers. Bo e Srovideihy Gevarn 161 Am Radiator pf (7) s istil Corp Seag Ltd_ 2 Man El md gtd (d) ... 16% Socony-V Oil (b2ic). 19 18y | oo tomers | Bowey iy purchasing power provided by 3314 Am Roll Mill (11.20)_ 116 3 Doehler Die Cast (2)_ i ( 40y H Maracaibo Oil Exp . 85 6% 4% SoAmG &P (a30c)_. 13 5% 6y SR i ment subsidies flowing from unbal-| 36 3135 Am Safty Razor (12). 4 82 5 Dome Mines ( 7% : ine Midl'd (140c) y (+ % 34 South Port Sug (12)_ 36% 351 4| lined to await enforcement of the enced budgets. Almost all important 9 23% Am Seating (a2%) 3 2614 12 Dominion Stores 5 1 2 Market St Ry < = 824 27% So Cal Edison (1% ). 21% 21% | injunction. jnations are spending beyond their in- | 65% 41 Am Shipbuilding (2) 12208 5 § 4 624 Douglass Aircraft_ _ 5 5 ¢ Market St Ry f . 8 5 5 % | 65% 4235 Southern Pacific 6 6235 613 617 | Steels backed away notwithstand- comes, and business everywhere is 88 Am Smelt & Ref (3)_. 42 3 4 Dresser Mfg (A)(a3) 9 9 1 Market St Ry 2d pf_.. Southern Railway } ing the official estimate placing this wtimulated by their expenditures. . (3”7 i 2&“;!"5’“?’2)‘— “: § S8 ’L;‘”‘;]Y'*l“s[S& A“ll’f 2% i 2% — 4| a9 Market St Ry pr pf__ 5 % | week’s mill operation at 88.9 per cent ¥ 4 105 Am Sm & Ref pf (6)._ % Dun nternat! i| 30% Marshall Field & Co.. 3 i 2 3 1% . < of capacity, up 1.6 points from last Our security markets are strong, | 731, 69% Amer Steel F (b50c). 7 5% Duplan Silk (1) 5 i+ ) % rtin-Parry Corp 2% 124 - 68% Spalding (A G)1at pf 140s 774 a8 week pal e BigH: aftics I;P“lr‘n fand the authorities at Washington | 26} 2414 Am Stores (2) . % Du Pont de N (b75¢)- 69 161 Masonite Corp (11)__ 3 6 1044101 Spang Chalf pf(b13) 20s 102 el gk e Sep =re worried because foreigners are in- | 5673 49% Am Sugar (2)___ 9 ‘ 9 4 Eastern Roll Mills ¢ Mathieson Alk (1%). 39% 384 3 7% Withington 9 % ‘I st At 2 G A owing | 187 1725 Am Tel & Teleg (9) 5% 514 16615 Eastman Kodak (6) o Jept Str (13 : , g orrcets Gy 1ae 2 2 n the drooping westing here, and gold keeps on flowing | 59 L b °E 13 A : a A 3 § 6 9 ptS )= % t T2l the hirie wese ' junder way even if these stimulants| ,if 0% 4™ Tobaceo B () 3 133 13 200 24ig Bl Pado Nat e CLE0T 1 Inc pf (6% )_. 5608 111% 1113 11 | Steel, Inand ste pwere not at work. It would be Iess| "501% 1635 Am Type Founders - 5 178 i| 5% Elec Auto Lite (2.40 ot (2% § 4 5 5 '3 41 Square D (B) b2ic _ 5% 43 | Motors. Good dramatic than it is now, but it would | 2915 28% Am Water Wks (80c) i 2 § Elec Auto Lt pf (7) ta Machine(bl%) 2 ‘ 3 154 Stand Brands (180c). 82 15% 15 % | Store, Inte rnational Harveste fhave a solider foundation, Col. Avers | 107 102 Am Wat Wks 1st (6). 2 Elec Boat (a60c) Miami Copper 23%% 2 33, s 10 Sfand Com Tobaocoi. 1 10 ’ o T a vest: Serts. % 9% Am Woolen 24 4 Elec&Mus Ind (a18c) Mid-Cont Pet (al.15). i 3 8% Stand Gas & EI (d) 125 12 12 AeOcH Anacon Bankers Fix Essay Subject. sc‘ Am Woolen pf (b1) 7 Elec Power & Light_. Midl'd Stl Prod (12)_. 514 4 24 253 Stand G&E $4 pf (d)_ 293 2 E .:M“A‘ ils of AEen W 14 Am Writ Paper (d) L ec Pw & Lt $6 pf__. 122 117% Midl'd Stl 1st pf (8)_. 130s 119% 5 54% Stand G&E $6 pf (d)- g 59 % | California, Amerada, The District of Columbia Bankers 9 6% Am Writ Pap pt (d) 6 ec Pw & Lt $7pf __ 1184 102 Minn-Hon Ros (2) ___ 2 118} K nd G&E $7 pf (d) - American Can, General JAssociation has announced through its 6% Am Zinc & Lead ____ % i ec Storage Bat (2)_ b5 ) NSO S G er b 14 4 tand Inv Corp . § facting president, Thomas J. Groom, 33% ;f‘t Anacm\ga (‘;gxppe(r'nll) % 5 )L:fiorn 2131 u:) & 4 Minn Moline Pwr pf_ tand Oil of ua(ll (1) = 3 = res: t Anaconda re 2). 3 % E orn Coal pf (d). Mission Co; ) 3 ¢ 38075 3 “ § nd Oil of Ind (1) executive vice president of the Bank 5 i iasion Corpita ‘ 2 24% 18 Anchor Cap (60c) . 2 5 Endicott-Johnson (3) f Commerce & Savings, that it will y Mo Kans & Texas . 13 4 i - ¥ 2 and Oil of Kan (al1) 111 106 Anchor Cap pf (6%)_ ‘ uitable Office Bldg. <ans & Tex p: : 67% Stand Oil of N J (11) sponsor an essay contest this year on | "5, "5, A P W Paper SEp 8 Mo Kans & Tex pf 4 4 E = Missouri Pacific (d)_. 67% Sterling Prod (13.80) £he subject “How Can Employes Con- | 4§ 41 Archer-Dan-M (12) ie R R 1st pf_ Mo Pacific pf (d) . % S ribute to 8 Better Public Understand- | 111 107% Armour (Del) pf (7)- ie R R 2d pf N Con 205 open fo all members [ 13% 7 Armour (Il1)(bl5c) - Fureka Vac Cl (80c)_ Monsanto Chem (1155 - i e erica 9915 81% Armour(I11)pr pf(8). Evans Product (1) m W ) of Washington Chapter, American | 99 81% 2) - Montgom Ward (12) Institute of Banking, except bank | 10% 69% Armstrong Cork (2). Exchange Buffet_ e . ° Morrell J & Co (2.40) - rtloom Corp = Fairbanks Co Mother Lode(al2%c¢) officers and members who have been | p40 1914 Ascoc Dry Goods Fairbanks Co pf e & @vinners in any two previous contests. | 101 98 Asso D G 1st pf (6)_. Fairb’ks-Morse (1) i .\'\YY\(:;‘:}:»:\}T:L{wltfilr‘»)'f ‘Writers of the three best compositions | 87% 69 Atch To & S Fe (a2).. Fajardo Sug Co (b1). Mullins Mfg B(a50c) are to be awarded a trip to the asso- | 104 100} Atch T & S Fe pf (5)- Federal Lt & Trac 3 Mullins Mf& f (7)__. vention at White Sulphur 5:% ;;‘i Q;‘! 81",?}“\?“ 1allnid~- :m Lt & Tr pf (6)_. i Mur swear (3) ay 2' r 1. i - o = "ed Min & Smelter __ Murphy G C (2.60) g subje ¢ % 116)5112 Atlantic Ref pf (4) . Fed Screw Works . Myers(FE)&Bro (b1) “f such general interest that it is be- | 181, 16% Atlas Corporation 80¢ Fed Water Sve (A) Nash Kelvinator (1) Rieved a larger number of members | 623§ 503 Atlas Corp pf (3) _ Fed’d Dept Str (2) .__ Natl Acme (a75c) _. mwill participate than usual. Bankers| 94 721 Atlas Powder (b75c). Fed'd DS cu pf (4%) Natl Aviation (al) throughout the country are convinced | 133 126% Atlas Powder pf (5).. Fidel Phoe F In t1.60 Natl Biscuit (1.60) that much of the criticism of banking | 18% 14% Atlas Tack (1) 863 29%, By A 4 Firestone T&R (2) 5 ! Natl Biscuit pf (7) N "4 4 Auburn Auto _ t N Strs 333 by the general public is due to a mis- 9;; 7;: Atistin Nicholer = First Natl Strs(121%) 33 o > ples of this public service. The Ameri- | 13, § Bajawin Loco (a). ._. Foster-Wheeler _ 2614 2314 Nat'l Dairy Prod 1.20 can Bankers' Association has stressed | 86% Baldwin Loco pf (d) - 4 Francisco Sugar__ 10934 Natl Dairy P pt B (1) ihe importance of meeting the situa- | 9% 734 Baldwin Locoasd(d) 4 Freeport Sul Co (1) 24% Nat] Dept Stores tion and suggests no better way of | 88} Baldwin Lpf(_;isd @) Fuller Co pr pf___ 104 1 Stores pr. «doing so than by interesting employes 20% Baltimore & Ohio _. Gabriel Co (A). 33} 273 Natl Distil Prod (12) AT i i 3% Baltimore & Ohio pf_ Gamewell Co 4“4 4 Natl Lead (50c) i 26)4 26 fiome : = 1 le‘”‘mgf;“"fi)am“;‘hf” ‘f‘s“t“; 41 Bangor&Aroos (234). Gar Wood Ind (af50) 61%% Natl Mal'ble&Stl(a2) 6814 Timken Roller B (3). & 9 + 1 f\?il‘.{)rj‘ s ,x:]hel .".%‘f S St Yions to enable them bo beliter Interpret | 1105105 Bangor&Aroos vt (63 : [ Gen Am Inv (a75c) 143 Natl Pwr & Lt (60c)_ 1 y 16 Transamerica (140¢) Sl el s their methods and policies 483 86% Barber Co (a756) ... Y Gen Am Trans't (a3). 1 % Natl Ry Mex 2d pf__. % 4 18% Trans&West Alr a2ic % Partial reactions followed under George O. Vass, vice president and | 32 25% Barker Brothers. ... 9 Gen Baking (160c) _. 943 70 Natl Steel (123) 19% Transue & W (160c)_ 7 ) realizing and in midafternoon it ws cashier, Riggs National Bank, is chair- | 42 88 Barker Bros pf (2%) % 4 1 Gen Bronze 85y 62 9 Tri-Contl (a50c) _. 23 % 10 selling at 14.18, with prices generall man of the ay Contest Committee | 35% ';‘g;fi Barnsdall Ofl 11?2’5 = 3 251 Gen Cable lf;:{ 12'1*4 2 8 Truax-Tr Coal (b25¢c) 10 14 to 24 points net higher. : - | 20% 17% Bayuk Cigars (+76c)- 54 Gen Cable (A) 10 21% Truscon Steel &Y | Putures closed very steady !If:chbl?s :’rf:‘d“::‘mn, }fiflific&cfin 28 25 Beatrice Cream (11). Gen Cable pf (aT) 18% 11% 83% 20th Cent Fox b30c) . 50 91 397 higher ) i . 105% 101% Beatrice C pf ww (5). : Gen Cigar (14) 53 er Bros (12) 425 20th Cent FF pf(1%) 2 9 b Banking Corp., and F. P. H. Siddons, | “y55; 13 = Belding Hemin (1) ... Y i Gen Electric (b40e) 5 {| 41% 34% Newport Ind (b30c) 13} Twin City R T Ct Ll My secretary, American Security & Trust | 30 25 RBendix Avia (b25¢) . Gen Foods (2) 5 9 8% N Y Air Brake (b50c) 88 Twin CRTpf (a14)_ 408 v Co, are other members of the com- | 28% 21 Beneficial Lo (b45c)_ % Gen Gas & Elec (A) NYCentralRR ___ % 4% Ulen & Co 3 mittee. 105% 78 Bethlehem Stl (al3) % 60% Gen Mills (3) __ 5 NY (C‘:warmtS;L i 91 Und-Ell-Fisher (3)_ 3 5 20 18% Beth St15% pf (1)__. 9 Gen Mill 3 NYChi&StLp i ap (2 5 78 75 11 424 League Lists Loan Groups. my,m * Bethsa n;'%(’ll s 3 3 7 0% Gen I\Io‘l:r';rttrsugfic)_ NYDock _.__ 4 % ‘ lgcl"»s i::gg g:fnfi(x:?gfo: % w07 10624 108% —fu‘ S ~ Seven associations in Washington are 33 Black & Decker b30c_ Gen Motors pf (5) Y Dock pf 7 i 18 4 2414 Union Ofl Calif (1)__. 15 263 264 2635 Cottonseed Ol listed in the group between $5,000,000 29% 22% Blaw Knox (b20c) _ 7 5% 12% Gen Outdoors Adv - Y & Harlem (5 12635 Union Pacific (6) ___ 143 Bleachable cottonseed oil futw and $10,000,000 by the United States | 32 28 Bloomingdale(b47%) a Gen Print Ink pf (6)_ Y Investors (d)_. %] 94} Union Pacificpf (4)_. 2 ¢ g closed steady. May, 11.21b; J Building and Loan League. 49% 33% Boeing Afrplane . i Gen Ry Signal (1) YNH&H (@) __ 273 United Atrcraftaslc. 3 = 11.30-31; September, 11.33-34; They are the American Building 41 Bohn Alum & Br (3)_ i ) Gen Realty & Util Y NH & H pf (d)_ Association, ranking thirty-fourth | % 88 BonAmi(A)(4) ___ 20a Gen Realty & U pf___ - 5 20% United Air L (a20c) . 7 | ber, 11.10b. Sales, 106 contracts, Y Ontario & West.. 4 ¥ ¥ % 28 United Biscuit (1.60) 274 2 27% = 3| cluding four switc b—Bid. e sy u% Bon Ami(B) (b62%¢) uo- a Gen Refractor (a3%) ¢ > A among e league’s members; the 14 Borden Co (1.60) 334 Gen Thea Eq (b25e) . Q &Ql)tyslnfltilb - ‘ 79 United Carbon (4) __ 80 - ot 5 iipbuilding . _. 29% Unit-Carr Fast (12)_. 8 5 343 : Washington Permanent Building As- A 7214 Borg-Warner (4) Gillette Saf Raz (1). 70 N Y Shipbuilding pf_. y 614 United Corp ‘s;:vc))_ 6 3:»-. Siews Oslenns ‘Exfees: gociation, ranking fortieth; National 8% Boston & Maine. __. 108 4 Glllette S R bf (5) N Y Steam 1st (7) 42} United Corp of (3) 2 Woo42% + 3% Permanent Building Association, fifty- 3} Botany Mines A (d) _. i 204 Gimbel Bros Norfolk Southern(d) 14} United Drug (a75c) .. 3 15% 154 eighth; Equitable Co-Operative Build- 16% Bridgep't Brass (60c) i 5 4 Glidden Co (2) Norfolk&W'n (b2%)_ 7% United Elec Coal . % 8+ N ing Association, sixty-third: Oriental | 59% 49% Briggs Mfg (12) & 0 % 49 8% Glidden cv pf (2%) 3 4 109 Norfolk & W'n pf (4) 46} United Eng&Fy (12). 2 6l 60 —135 Building and Loan Association, eighty- | 3% 44% Brizgs & Stratton(3) %45y 6% 5 Gobel (Adolf) 6 5% % i orth Am Aviation _ 8033 United Fruit (i3) _. 583 3l + g ORDIAED! Plg. 42} Bristol-Myers(12.40) Goebel Brew (t20¢) .. i & # North Am Co (b30c)_. 14} United Gas Imp (1) _. G 1414 #fth; Metropolis Building Association, 40 Bklyn-Man Tr (4) o Goodrich (B F)(al) . s North Am Co pf (3) _ 6% United Paperboard._. 1435 minety-seventh, and Northern Liberty 6% Bklyn & Queens Goodrich (B F)pf(5) ’ Northern Central (4) 3% 2 U S Distributing Z 23 + % fBuilding Association, one hundred and 204 Brunswick-Balki % Goody'r T & R (b50c) y Northern Pacific 2035 15 U S Distributing pf__ 50s 155 133§ 153§ — % #irst in the list. 20 Bucyrus-Erie _ Goody'r T&R cu pf (5) 1354 Northwest Tel (3) _ 347 2835 U S Freight (1) _ 3 2835 281y 2814 — % There are 4200 thrift and home| 14% 12% Budd (EG) Mfg v Gotham Silk Ho: tin 3} Norwalk Tire & Rub_ 187 122 U S Gypsum (12) 2 125 125 ; 3y financing institutions of this type in| 13 9% Budd Wheel (a20c)_. Graham-Paige 3% Ohio Ofl (a60c) 22% 17 US Hoffman 27 2214 2134 clotr : demand aide $he Unlted Btajes 1o Lk 45% 4% Bullard Co (b25c) 3 Granby Cons (new 1134 Oljver Farm Equip 43% 37% U S Indus Alcohol 6 355 39 e 4 opened steas nited States League, only 79 8re | g5, 51 Bulova Watch (14)_ 5% Grand Union ctfs 414 Omnibus Corp vte._. 15% 6% US Leather vtc 43 1434 13% b: May, 10.75b: July, 10.88b im the group between $5000,000 and | s5% 314 Burr Adding M (806 Grand Union pf (b1)_ 243§ 1 Oppenheim Colling__. 21% 18% US Leather (A) vto.. 22 21 Septembe October, 10.68b. $10,000,000 and 33 above $10,000,000. 1% 7% Bush Terminal (d) _. 9 48% Granite City Stl (1) __ Otis Elevator (60c)__ 106 89 USLeathprpfbl¥%_. 2106 106 105 b—Bid The announcement received here 494 2% Bush T Bldgs pt (4)_ 1% Grant (W T) (+1.40) Otis Steel 2} 60% US Pipe& Fdry (3)_. 2 663 66% 6 6 Lo from league officials gave their rank as 4 181 Butler Bros (bl5c) .. 5514 Grt Northernpf . ___ Otis Steel cv pf (53) 9 19% 16% U S Realty & Imp 6 161 § of m&,f]“be, 31, mf; and expressed | 36% 29% Butler Bros pf (1%)- 283 Grt North'n Ore (1) Outb'd M & M (b30c).-. b 2834 68} 44 U S Rubber & 16 66% NEW YORK BANK STUCKS optimism as to the state of these in- 917 5% Butte Cop & Z (abc) .. 42! 85% Grt West Sug (+2.40) Owens-Il1 Glass (6) _. 118 9214 U S Rubber 1st pf. 6 10915 A 33% 27% Byers (AM) _ 1455139 Grt West Sug pf (7)- : Pac Am Fish (1) 15| 105 834 USSmelting (b2)_. 9 991 y DROP AGAIN IN WEEK stitutions in general in view of a| 91" g3 Byers (A M) pf. .. 3914 Green (H L) (11.60) _ 3 i =~13 Pacific Coast 3 126 75 U S Steel 215 1224 120% Il ey purvey of year-end financial state-| 34% 27 Byron Jackson (t1) 16% Greyhound (180c) ’ Pacific Coast 15t pf__ ; 150 189% U S Steel pf (1) _ 3 U4 147 R L ments. 48); 40% Calif Packing (2) 1% Greyhound C'p pf 55c 27% % Pacific Coast 2d 7% | _ 8% 6% United Stores (A) 9 6% 6% NEW YORK, March 15.—The ¢ Norment Financial Leader. 6% 2% Callahan Zinc-Lead . 5;% guanwndmu ;uxarf - 2 3: Pac Finance (71.80) . 283 3, 1051 flg% Emv mckuies 1stpf. 208 94 93 re‘mk downward movement in the New k- P 20% 15% Calumet & Hecla (1). ] 1“3"'1"7"_"’0 ug nf.. 35 2 Pac Gas & Elec (2) 3 %3 til Pw t (A)d). 9 3% York City bank stock market continued age[:kiwaodfam(hrsf)fvgg\rv::?mpintnggefnot{ 37% 82} Campbell Wy (f1) 33% 17% Gulf Mobile & N s Pac Lighting (3) _ 2% 1% Vadsco Sales Corp... during the last week, according to rec- 3 351 27 Canada Dry G Al 101 357 5934 Gulf Mobile & N pf.__. % Pacific Mills (b50c) __ 39% 284 Vanadium Corp 33 3715 364 36% ords compiled by Hoit, Rose & Troster. Emny yoars, about four decades Swas|| 8 8 G e s 0 108 Gulf States Steel : Pacific Tel&Teleg (8) 44% 9% Van Raalte (b6234c). 6 42 41l = The prrcgm}: market value of 16 one of the most prominent and able | 1536 15 Cap Admin (A)(al) 3 1154 2054 Hall (W F) Printing_. 9 Pac West O (a65c) 7 46} 4234 Vick Chemical (12)__ 2 435 +1 e s financial leaders in the Capital. Four | 81 7 Carriers& Gen(a3se) 9 8b 108" 105% Hamilton W pf (6) _ Packard Motor (b15c) 1 9% T4 Va-Car Chemical ___ 169 8% 93¢ + 3| lending issues on March 12 amounted years of illness and his advanced - - | 1764188 Gase (J 1) Co (4) . « 1166 " 156 105 10134 Hanna (M A) pf (5)_. Pan Am Petrol (a60c) 6244 54} Va-Car Chem 6% pf_. 27 603 602 o 34,00n 248000, (catipazed With93,- had recently kept him in the back- | 129 128) Case (J I) Go pf (7). 90 1234 128% 68% 50% Harb-Walker (12)_. Panhandle Pro& R .. ‘ 37 26l Va Iron C &C pf 108 3084 + 1| 374,950,000 at the close of the previous ground, but he left an impress on the | 100 85 Caterpillar Trac(12). 4 964 96 8 6% Hayes Body 14 % Panhandle P & R pf_. 98 70 Vulcan Detin (a8)___ 60s 92 ~1 | week, a decrease of $39,406,000, or 1.66 city’s economic life that will not soon | 3% 26% Celanese Corp(b75c)_3 20 84} 88 109% 101 Hazel Atlas G1 (15) 90 Paraffine Co (b1) _ 1 7% 3% Wabash (d) =L § 8 # +1% | per cent. Boifoeciit 48) 861 Celotex Corp 2 46% 4614 - 16% 18% Hecker Prod (60c) - Paramount Pictures_ 16 9 Wabashpf (A)(d)._. 40 16% 16% + % | The current average yield of the 16 ‘gotten. " 12% 8% Central Foundry Co. 21 12 1134 39% 3314 Hercules Motor (+1)_ 34 Paramount 2d pf 60c 12}4 7% Wabash pf (B)(d)__. 170s 4 184 +2 | iscues of 2.82 per cent, compares with His service as director, president | 1074108 Cent Il Lt pf (4%) _. 100- 108} 108% 673% 60 Hershey Choc (13)__. Park & Tilford (2)_ 9 19% 16 Waldorf Sys (11.20)_ 9 5 17 =% Viald fo 77 pes nt p-w . h s, #nd later chairman of the board of | 41% 87% Central R Rof N J 38 873 62% 47 Holland Fur (al%) ’ Park Utah s 88 80% Walgreen Co (new) . 2 S e p e il et b 'he National Bank of Washington | 14% 103 Century R M (b10c) 18Y% 12034 106% Holland Fur pf (5) _. ) % Parke Davis (b1). U8 114 Walgreen Copt (6%) 4008 115} 11454 11435 + 3 | The current market value is now 1.70 covered a long period of years. He| 5% 604 Cerrode Pasco (4) 5 803 21 Hollander & Son (1) 4 % Parmelee Transport_. 48% 45% Walker (H)(2) 8 41y 4 4T times the known book value, iendered even more valued service to | 2% 164 Certain-teed Prod < 2% 08 Toliy Silmar (18)- & L Demimcorpig v e ML LT e Al ey 2 sy o 8 674 Certain-teed P pf (6). 415 855 Homestake (112) Patino Mines (160c) _ 10% 6% Ward Baking (B) 9 orfolk & Washington Steamboat | g7s 3515 Chocn mer s f 1 274 23% Houd-Her (B)(11%). Peerless Corporation. 18 14% Warner Bros Picture. FOREIGN EXCHANGES. Co. His connection with the Ameri- | 90}s 8434 Chesapeake Corp (3). 78 65% Household Fin (4)_. Penick & Ford (13) 4 14 Warner-Quinlan (d). NEW YORK, March 15 (). —Foreign ex- can Security & Trust Co. was most | 8% 63y Ches & Ohlo (12.80) 17% 12% Houston Ofl vtc _. Penney (J C)(4) 12} 6% Warren Bros (d) % change stea Great Britain in dollars, helpful to the hank. In 1906 he was| 43 2% Chi& East Il (d) - 90)% 62% Howe Sound (13)_. Penn Dixie Cement. 46 364 Warren Fdy & P (1) Sreat Britalh, demand, 4 883 les president of the District of Columbia [ 13% 6% Chi& East Ill pf (d)_ 6% 4 Hudson & Manhat. Penn Dixie C pf (A)_. 63% 46 Wesson O&S (150c) _. T orian, 4 30%: catles, Bankers’ Association, and over a long | 4 24 ChiGrt West (d) 28% 18% Hudson Motor Car.. Penn G1 S'd ctfs a50c. 100% 94 West Pa Elec pf (6)_. 40s 9415 9434 5 4 ST Fl O e, 18% Chi Grt West pf (d) 2% 2 Hupp Motors _ Penn Raflroad (a2) 109 1043 West Pa Elec pf (7)_. 50s 1043 104 B bles, B e ;i perl g, power 8){ Chi Ind & Lou pf (d). % 86% 223 Illinois Central _ Peoples Drug (11)___ 11834 1183 West Pa Pwr pf (6)_. 108 114} 114% Fesistered, EI Loy to advance the banking interests of | gy 80% Chi Mail Order(t134) * 72 65 Ill Centlse lines (4) .. Peoples Gas Chicago. 12334119 West Pa Pwr pf (7). 80s 121 120% 5 : a4, 5465 ¥ the Capital. 2 Chi Mil St P&P (@) 22% 12 Indian Refining (al)_ Petr Corp Am (a90c)- 1% 8% Western Maryland.. 7 10% 104 b Bl Loy mand, Years ago he was president of the 4% Chi M St P&P pf (d)_ 40% 86 Indus Rayon (2)_ Pteiffer Brew (1.20)_ 10% 7% Western Pacific pt.. 3 9% 9% ioted; Portugal. 44504 Greecer 00 ‘Washington Railway & Electric Co., 3% Chi & N W(d) % 137 185 Ingersoll R pf (6) Phelps Dodge (b35c). 83} 7134 Westn Un Tel (3) L 18.95; (,ncrn\lcvnkin 3.4 et the same time helping to guide 113 Chi& N W pf (4) ___. 1813 11234 Inland Steel (4) Phila Co 6% pf (3)_. 57% 48% Westingh'se A B ( 4 S o2k : o Tiriind many other corporations. His help to| 33 28 Chi Pneumatic Tool_. 83% 2214 Inspiration Copper... Phila Rap Tr (d) + 15| 167% 145 Westingh’se El (b1) 1 1;5% 1;755 B 52, Bhanatel, church and charitable organizations 6134, ChiPnen T1 pf h8730 6 5% Ins Sh Md ctfs(a20c 3% Phila Rap Tr pf (d)__ 3034 26 Weston El Inst(a8sc) 1 27 dom(x'mx 304 X 1¢ City, 234 Chi R 1 & Pac (d) . 18% 1034 Interb Rap Tr vto (d) Phila & Read C & 1. 2 B 273 23 Westvaco Chlor (1) 7 24% 24% 80. Montreal in New York 1000671 ‘was equally beneficial. In just a few 6% Chi RI&P 1% pt (d)_ % 103 Intercontl Rubber. Philip Morris(b3%)_. 66 38 Wheeling Steel 20 64 6214 New York in Montreal, 9.93%. months he would have been 81 years 23 Chi Yellow Cab (2)__ 28)4 16% Interlake Iron 5 phmfp”om, 3 ) 1;3% 1(2;3% ‘C‘Vr’,‘i{”“;‘f‘s‘r‘ bt (b1)- aé 1:‘7% 1;3;‘ 2—Nomina ‘77_ S 1 6 Intl Agricultural._. 8 6 Moto! ——— :xl:lv:e‘;‘edenh:n::riidasge;’e:sa.ys Fzgu;g ig)&: gg}f;‘:é:‘ Cof.m‘: Bgz 42 §nu A:flcul or pf. E,";,’L‘,"éfi’;{"' g 1874 15% White Rk M S (1. 40)- 2 17% l:% W&sr,ern Electric Co., Inc.—Company years he was a trustee of Western 46% Chile Copper (1) .. T 189 178 Intl Bus Mach (16) 7 Pierce Petroleum 6% 5% White Sewing It:lnc;\_. 11 ‘7? “1% increased wages of 12,000 hourly work- Maryland College. In other ways he | 182% 116% Chrysler Corp (b: 1113 102} Intl Harvester (2%). - Pillsbury Flour 1.60_. 4614 38 White Ser; i&?;c 2 3 s‘A EA ers at Hawthorne plant in Cicero, Ill., 550 ded out a life of remarkable | Z\% 18% City [ce & Fuel (2)__. 162 148 Intl Harvester pf (7) 4 149Y 1493 15 Pittsburgh Coal 8¢ 4} Wlloox Oll & Gas L o by an average of 10 per cent, totaling 50 rounded out & life of remarkable | g™ g5™ Gity Ice & F bf (634). 16%4 8% Intl Hydro Elec (A). % Pitts Screw (a562%¢). 121 8% Wilson & Co (50c SriLChLs about $1,800,000 a year. ‘Teeords. 103 9 City Stores__ 18% 6% Intl Mercantile Mari_ 1 - Pittsburgh Steel Co-. W 36k 913 79% Wilson & Co pf (6)-. i % 535 Heard in Financial District. 3814 823 Clark Equip (11.60) 18% 15% Intl Mining (as0c) - 4 Pittsburgh Steel pf. 8% 8%l Woolworth (3.40) . 21 & fid Robert C. Jones, head of the in-| 113 106} Clev El Illu pf (43)_ 8% 624 Intl Nickel (b50c) % 70% T1Y 3% Pitts United Corp AT 84 Worthington Pump__ by @ vestment firm bearing his name, is| 41% 30 Clev Graph Br (2)___ 21% 16} Intl Paper & Pw (A)_ 173 8134 Pittsburgh & W Va - 11 81 Worth Pump pf (A)_. 280s % 10% 1 P B) - 12! 128 116 Wright Aero (al) 508 1193 117 i enjoying his annual Winter vacation | ,o0* 75 Cluett Peabody (3)__ jiiinilEaperd Bw(B) i e 76 683 Wrigley W ir (13)__. b 10 693 69 ' F ldehty Flllld lnc. | — Kalamazoo S (t1) ... 413 — % | 24% 19% Pure Ofl 40 21% 21% 21% - % 2473 Adams Millis (21%). 26 +134| 114 101% Comcl Credit pf (4%) 100 100 : 20 72%% Ajr Reduction (+1 7% =—14| 4% 8 Comw & Southern 230 8 8 247 Kayser J & Co (2) 12% 10% Radio Corp. _ 42 1% 1% 11% — Halted—Volume at Progress. 4315 Alleg pf ww $30 _ 5 i 51 Consol Cigar ‘ 5 5 i § 17% KeystoneS&W (blic) 8% - Y 1u his monthly review, out today, 2634 Allied Mills (b50c) .. 3 Consol Edis N Y (t2) 26% Kresge(SS)Co(b30c). 4 264 2544 80% Alpha Port Cem’t (1) 3 9% Consol Laundries. Lane Bryant _____ 1 16% =} | 47% 83% Revere Copper 3 lndult mn; urn s X tion of automobiles in this month of | 101% 83 Am Ag Chem(Del)bl. 98 94 Cons Coal (Del) vte Lehigh Val Coal pt. 143 + % | 1386 117 Ruberold Co (1.80) 416 517 730 b 50| InTgelyibebanse the Greatas Lehn & Fink (al3%)__ be so largely because the greatest pro- | 160 139 am Brake Sh pE(53%) 146 1454 9 Cont’l Can (3) 49% ~1%| 656 43% StJoseph LA (b50c).. 63 1937 low. 378 482 69.1 B 3% 3 4 Life Saver (11.60) _ 102 102 + % 4234 Schenley Distil (13) .. ? ¢ = %| | 1929 high___146.9 153.9 184.3 157.7 814 Am Crystal Sug (b2). y 3 65% Corn Prod Ref (13) Link Belt (2) ’ 2 2 P 5 514 62 +1% OLE Pap rtsinrac 1 61108 : (Compiled by the Associated Press.) i S 2 1 Crosl ( s P sufficient cars to provide for its trans A & Horelen Bwr. Eoslevaadionald) Lone Star Cmt b75¢ 9 9y agrave Corp 10 A Lorillard (P)(11.20)_ that labor difficulties may shut down| 21 18 Am Hawaiian(l) _ 9 ¢ 185 120% Crucible Stl pf b1% 39% arpe & Dohme __. 11 support to reduce or cancel e 8- 207 ' m:é’ &kl;)l? 'Ff)(,zf&),‘ 12 o losses of fractions to 2 or more pe 20 ; nattuck (F G) (60c)_ i 15% " ance: 3744 Sheaffer Pen (b1%)_. 90s 40 40 g:)“’:“,“fn insiances and <hen. (i 26% Shell Un O1l (aZ5c) _ 3 3234 827 § agzin in the final lap n Oil pf (5% 315 10314 10344 + 15 | Labor controversies tended to tem 12% Silver King Coal b23cx 34 1673 165 164 y sentiment, although busin 443 Simmons Co (a3)____ 66 67 54% 56k +2% | news generally was interpreted as con- 5 3 8% 3% %+ %|structive. Dealings were unusu § a4t % 14| quiet during the greater part of =5 1708 184~ 1775 184 - +6 | session. Transfers were around 1,900 - Sloss Shef Stl pf (6)_ 60s 120 120 12 000 shares 274 Smith&Coronacfs(1) 1 3% 3034 3 15| Motor issues, stiffened momentar: Smith (A 0) a1 when the Michigan court enjoi » - wnZaensa o S g PPN xEsx - s 5 + ++1 N0 one & Web (a25c)_." udebaker Corp 0il (1) uperheater (+50c) - uperior Oil Superior Steel __ 2 had raised wages 4 Sutherland Pap 11.60. 383 38% American _Telephone, McKesson Y Swift & Co (11.20).__ Y% 27% 28% + % | Robbins, Canada Dry, Simmons Co, 30% Swift Intl Ltd (2) Lmed States Lea Crane Co. 18% Sym'gton-G ww b10c. can 362 and Pe 14 SymiEton G xwbllc : B(A-ma and Douglas Aircraft bucked 18% Talcott (James) b3oc e trend 7% Telautograph (60c) . 3 7 g 114 Tennessee Corpalsc. 33 A et 650% Texas Corp (2) = 12 % 1% Tex Corp rts Mch 190 35 2 NEW YORK COTTON 774 Texas Gulf Pr (asc)- 208 9% g .9 38Y Texas Gulf Sul (t2)_. 6 394 89 39 B3 the Associated Press 18% Tex Pac C&O (bl0c)_ 17 15% 15 NEW YORK, March 15—Active, 11% Texas PL T (allc)__ 14 foreign w. t by ar- 87% Thatcher Mfg (1) 3 e T Suekbuiig c 104 Thermoid Co o 0% 113 ¢ | rftd cotton briskly higher today. 25 T HorpRoRBreAbi0e. . (6 5% 25 A belief that cotton was still under- 6% Thompson Starrett_ _ 10 Iy + valued in rel n to other commod 3134 ThompsonStarpf __ 5 : ties and a favorable view of the ¢ 204 Tide Wat As Oil(60c) 12 5 21 209 sumption outlook were said to be 22 Timken Detroit (1) w t+14+++100141 - 1 © 8 ES e 2 manCoaBnonnSnaaEnSaonns SroBeBuonduanonman 8 T+ +10+ REXEEES KEXES waBaoan Bouwn e SR & (N0 SRR, o (8 B, USRI FEEREXR Pi++4+0 FEFRNF N N N N N N E4E TS EERL L R 141+ i ERELEFERE Bomanrmofare [P Ba “ 54 122! e 5% Intl Paper & Pw (C)_ 6! 243 3y th 0"’(7'1) = visit to Florida. Tl s o teelet) 3 i i e 375 204 Yellow Tr & Coach . 177 354 84t 24 19 P- o 22! 90} Intl Paper & Pw pf._. 101 184 Pond Creek Poc (2)_— e g e i L 3 Eon 142 128 Yell Tr&Cpfbl% . 30s 135 134% 46% 6214 Young Sor& W (13). 2 44 43l More than 100 members and guests | 625 65% Collins & Aik (%) - 8 Intl Ry Cent Amer.. 9 25% Poor& Co (B) .. __.. of Washington Chapter, Chartered | 1125 110% Collins & Afk pf (5)_. 80s 1113 1114 26 Intl Salt (t1%)_. 26 8 PortoR Am Tob (A) . v Life Underwriters, will attend the| 87 Colonial Beacon 108 843 347 41; Intl g;’ma (t2) 48“ 2}4 Porto Rico Am T (3; }l};k “';g% gxstn Z:TT lfb{::;); - 1; 13; ‘gg% dinne . .| 614 7 41% 46% 81% Intl Silver 1 AY! 49y —1% 10% Postal Tel & C pf (d). gstn D! e DAk ie el e 40} 83 Zenith Radio (b50c)- & 36% 36% 86% — 3 9% % Zonite Products 2 T s T - 3 of Boston Prospectus on Request William W. Mackall, Jr Investment Securities | 1002 Woodward Blds. District 8431 | 274 Colo & Southern 28} 2834 90 Intl Silver pf (ad) 10435 1044 —134 25% Pressed Steel Car __. :_erurycgf the founding of the Na- 30 Colo & Southn 27 274 Intl Tel & Tel 18% 18% = 3% 25% Press St 1st pf(26c). ional llege of Life _Underwflurs, 20% 16% Columb G & E (“og) 45 16% 1614 Interstat Dpt St b2%. K B4y 34l = i 67 Press St12d pf /2%). next Monday night at the Shorebam | 101 903 Colum G&E Pt (). 50s 91% 91% 91 106 1 Inter Dept Strs pf(7)_ 10s 1056 105 1056 -1 5534, Proctor & Gamb (12). Hotel. X 8934 843§ Columbia Jic (11)--_. Y4 M4 253 Island Creek (2) 1 214 214 27§ 52% 43, PubSve N J (2.60) .. L s Unit of trading less than 100 shares. tAnnual rate— a0 ancluding extras, * aPald last vear. " bPaid this sear. Oompanies reported in receivership or being reorsanized. R Eiiena » 2o