Evening Star Newspaper, March 22, 1937, Page 16

A—16 wxxx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., MONDAY, MARCH 22, 1937. FINANCIAL. — e e e [ _— = POTOMACPOWER TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ST0CKS &0 LOWN By Private Wire Direct to The Star. 2:15p.m, 2:15 p.m, 2:15 2:15p.m. Prev 1037 Stock and Slleb— Net Prev 1937 Stock and Bales— Prev 1037 8tock and silen»:n- Net, Prev 1937 Stock and Sfiles— Net High. Low. Dividend Rate. Add 00. High, Low. Clase. chge. High. Low. Dividend Rate. Add 00, High. Low. Close. 3 High. Low. Dividend Rate. Add 00. High, Low. Close. chge. .Low. Dividend Rate. Add 00, High, Low. Close. chge. | 124% 11214 Col Carb vte (14)___ 2 116% 115% 115% —4% | 18% 15% Intl Mining (as0c)_ 10 18% 14% 8% 3% Pitts United ——___ 9 615 6 Py hiti 51% Abbott Lab (11.60) . 2 51% 51% 69% 58 Comcl Credit (4) _ 13 69 58 58% — Th 73% 62!% Intl Nickel (b50c) .. 6714 66'/1 47% 31% Pitts & W Va S SON 9 : 3 63% Acme Steel (4) ____ 76Y% 3 T4% 4| 114 100 Comcl Cred pf (43;) 1 10\)‘\;1 lfl(Y‘u i 21% 16'% Intl Paper (A) = 18% 4 27% 24% Plymouth Oil (11) _ 1 4 15 Adams Exp (ase).. 25 208 1915 801 68 ComelInvT (t4) . 10 4 10% Intl Paper (B)___- 14% 21 18% Pond Creek Poc (2). 1 2 247 Adams Millis (b1) __ 25% 26% % 21% 18% Comcl Solv (+60c) __ 46 ])“4 & i 4 s 5% Intl Paper (C) T 4 33% 25% Poor & Co (B) i 15 i - 26 31% Addressograph (1).. 3219 31% 31% "4 4% 3 Comw & Southern _ 157 34 B 90% Intl Paper pf___ 1081, 4 2 11% 8 Porto R AmTob A__ 2 ™ 4 - Y Kilowatt Hour Sales for Feb | 8 Advance Rumley. .. 3 g 75% 59 Comw & Sou pf(3) i B 9% —1% | 52% 41 Intl PrintInk (12)_. 50 491 A9 3% 24 Porto R AmTobB . 1 215 Some Close Above Lows, 72'% Air Reduction (+1). 8% 3 23 19% 13% Conde Nast Pub 5 111% 109'/4 Intl Print Ink pf(6) 111“. 0 0 15% 10% Postal Tel&C pf(d)._ - ruary Up 6.259%, From 5% 3, Air-Way Electric . 3% 3 : 5 ¥ 55 36% Congoleum-Nrn(2)_ 4 4 IntlRy C Am pf A _ 317% 25% Pressed Steel Car 27 51 25% —1%% but MaIOFlty Unable to 143 Alaska Jun (160c)_- 6 18% Conn R & L pt 2 e N 28% 25 Intl Salt (11%5) h 31 25% Press Stl 1st pf 25¢ 1 4 26% Record Year Ago. 37 Alleghany Corp E 2= % 137 Consol Cigar < : 3 ) 9% 461 Intl Shoe (12)__ P ’ : 651 5514 Proctor & Gam(12)_ 6 567 567 — T Score Recovery. 4315 Alleg pf ww $30 3 5 88% Con C pr pf ww 634 90 4 P Intl Silver ____ 52% 43 PubSveNJ (2.60)_. 11 444 — % BY EDWARD C. STONE. 520 414 Alleg Corp »r ot . 1 5 4T% 9 42‘ Cons Bls N Y (12) : 39% 39 90 IntlSilver pt (@)~ 5 1124 101 PubSve X T pf () 3 102 100% —1% 3 o 3612 Alleg Stee i 3 9 Cons A 4 ntl Tel & Tel 5 140'% 137% Pub Sve N J pf (7) 1130 130 130 —7% re:s"l‘:’t‘fi‘; ‘C“:Y‘Jf‘“;l“‘c’;;fo:’;‘;o‘“l:i‘hsrgg_ ‘Allied Chem (6) : 8% 15% Cons Film pf (a3)- g0 15 ; 3 9, Interstat Dp St b215 ’ A 7214 64 Pullman Inc %) 7 63 4 6115 —2% Stock Averages omes fr : Allied Mills (b50c) 6% 26 2 9% Cons Laundries 4 L 5 103% Inter Dept StpL(7) - 31, 24% 19% Pure Ol 43 20% 19% 19% — % tomac Electric Power Co.’s February s 165 Allied Stores (b20c) 9 2 % 15% Cons Oil (80¢) _ Y i % BT 781y Jewel Tea (14) ____ 4 4 112% 108 Pure Oil 8% pf _ 208 1101 110 T report on kilowatt, hour sales, which 81 Allied Strs pf (5) . . 7% Cons R R Cuba pf ; 1556 134 | Manv (13) - 23% 18% Purity Bak (60c) 20% 20 Net change —11 -~ revealed a gain of 6.25 per cent. 6514 Allis-Chalm (b50c) 5 7% Cons Textile (d) ___ 3 26 lansv pf(7). 2 2114 12 187% 16% Quaker State (80c)_ 5 16% ' Today. noo‘n 95’3 The power company’s kilowatt sales ¢ 4% Amal Leather _____ 4 3 2 815 Cons Coal(Del) vtc 66 121 7 3 23 Jones&L 7% %- s 128 128'5 12% 10% Radio Corp Bravii % in the District of Columbia in Feb- 14 34} Amal Leath pf (3)_ 5 33 Cons C(Del)pf vte 17808 i 80~ 76% Radio pf A (3 iy b rev. day_.. 96.4 : oL it 101 Amerada Corp (2) _ 104% '%| B2 20% Container Corp120. 31 2874 29 9 267 i 25% P Sy Colthe Month ago.. 99.5 Tuary totaled 52,776,655, in comparison . 83 Am Ag Chm Del bl /8 37% 275 Contl Baking (A) 3 4 i 3 S Tadio kel OB Yea 83.1 with 49,674,319 Kilowatt hour sales in + 30% Am Bank Noto (11). % 30% “s” Contl Baking (B). p 4 G T o Tl Cenic ' ; 2| | 1937 nign- 1016 February, 1936, or an increase of | 75w 61% Am Bk Note pf (3). : Diates 5| 69 & Contl Can (3) 2 60% 6 5 % : ey ) i 417 Rayues 0nAL(IL%) ey H i 3,102,336 hours. 66 Am Brake Sh (2) _ 2 6 6 2 Contl Diamond ( 3 224 218 3 W 19% 16 4)o 61 % 157 s ;if“g;":v e 4 5+ Y% 1237 9 0 The Potomac Electric Power report | 160 135 Am Brake Sh pt 5% 3 30 13 3914 Contl Insur (f1.60) 17 i 91e 103 PEES b : % Real Stk ilt il 2 > 936 15 (GinE GRIth olhe b eseipavome |F 21 T05% AmiGan T 4)! S » 2% Contl Motors E e 3 64 3 Kenne 50E) 0 6 4 i Relon ,,,",;,'4.: ; f 0 £94p eters which revealed substantial Feb- 86 Am Car & Foundry_ 6 40% Contl Oil Del (+1)__ 5 417 5 201, Keystone S 5 % e = a8 — 1| | 1932 < y 7% Reis (Robt) 3% 3 1 Am Car & Fdry be : o L L § £ J ruary improvement. With a total of ¢ \;:: ‘«;‘:ff‘ el ‘h‘{ e, é" =on s Staslighbio Kinney (G R) Co.- Reliable Str (a50c) _ 1929 - 146915391843 157.7 : i ! % Corn Ex Bank (3) _ 1 3 69 7 Kinney pf (al) 8 s Rt Foae 5 1927 low... 51.6 953 61.8 618 $92,192,370.58 in local bank clearings, i Am Colortype 6575 Corn Prod Ref (13) - S0 6 Kresge Dept Stores {(:,nm“o?:’,;r‘(if.inu & 66 s 77 there was a gain for the month of 3 6 Coty Inc 26 S S (b30c) 4 i ‘ 1 ) 0 2 6 3 esi S (b30c 27% Republic Steel 21, % —2% (Compiled by the Associated Press.) more than $14,000,000 over the same | 5 4 < 3 29 281 46 Crane Co Kroger Groc (11.60) 13 2% 2 99 I’.ei-::hl:(c' prpf A(6) : ks R : 612 Am Crys S 1st pf 6_. 1 ani e 21 119 Crane Copt (1) i 5 % 21 LacledeGas (StL) 1% 2 § Rovers Cobper : Postal receipts amounting to $581,- ambncaustic_.____ | o1 % 21% Crosley Radio a1 : 2315 23% 2 4 Lambert Co (2)_—_. § 35 1281 Revere Cop pf a3 BY VICTOR EUBANK, 899.81 revealed a February advance reay :‘“"r‘"";“‘r{— ? 74% Crown Cork & S(2) g 9% : Lane Bryant 6 5 y 4 2 Associated Press Financial Writer 8 3 b Am & For Pw $6§ 2 % e 6% 51% Crn C&S pf ww 21 5 L = Soindliaso E 7 g over the like 1936 period. Retall trade | 6 AmE Py Sy 581 B8 1 105" Croin VR Satbe e 60 1otk S0~ 14 S ) iy 300z e S (1) o NEW YORK, March displayed the same upward trend, dol- | 36%: 20% Am & For Pw 3 29 29 17 Crown Zell vte o ‘ b et e gty 3’:,: ,'E:.“»"f‘:‘;‘;;"'_:’; ";"-)‘) | by growing labor upsets, tra lar sales volume stepping up 4.2 per| 2 8 Am Hawaiian (1) _ d d 51 Crucible Steel Lehigh Val Coal pf 3, 13 86% 72 Roan Antel (a112) | again to the selling side cent above the mark set in February, | ;4 14 Am Hide& Leather. A S L2eCubaCol . o Lehigh Valley R R_. 24 225 207 2 Ruberoid Co (1.80) 37% 17 , —1y, | Stock market and quoted 1936. : . ;""“& Lt (3)- 5 122 Cuba R R pf 5 5 Lehman Corp (13) . 3 1% 2 9% Rutland R R pf 4 , | leading issues fell 1 to more than The Chesapeake & Potomac Tele- | . oo e 4% 10 Cuban-Am Su, 2 3 Y 4l 2 3 hn & Fink(ally g Safeway Stores( i i points at the worst phone Co.’s combined business indica- : S % e R ‘ ,",.’,,’f;{;,“’,’,'(," B0 49% 4 ; Strspf(T) 70 11004 110 ) | Activity was pronounced at tors back up the other barometers in S s motive Lo F ; 914 101% Curtis Pub pf (7). 4 = : l‘\hh\ e r“mn 8 : 3% St Joseph Ld(b30c) 20 5T% r=1% \AIA‘MLh{ the ticker Lapv‘ late at t supplying economic optimism, there Am Loco pf (a3) __. 3 E 615 Curtis Wright 3 . 7 S Tise S MyaTs BiFL - 3 ’4' ) s — ' | height of the slides. Support having been a gain of 1,178 telephones Mach & F (1) _ 26 26l 3% 1915 Curtis W (A) Lily Tulip (1 2 2 b 4 2’1’1 ) 3 3 ¢ | peared occasionally, but the v in service at the end of February,| i3 o0 Mach & Met60e. S o176 S 13 S % 82 Cutler-Ham (b30c)_ 4 . 59 Lima Locomotiy . SR S —!)| dwindled etals 3 . = < ikl 1 271, avage Arm (al) 2 95 4 while average daily originating calls st nt (0) ; ISl e st ) 16 16 404 Link Bt (12) 21 6215 b2 —2 el 2 :| A number of 1ssues came back { numbered 910,026, compared with | News (N Y) (3) 200s . e o 1\-1'(3 “4‘1:4“'” |’\\'xy ‘l‘_‘“ 0 201 5374 4 Il,m\“' 1 Carb (2 M) 5 51 9y 498 2 Schulte 1 Strs () 16 P 2 i ir?mr low points in the final hou 856,034 daily calls in the same month | Am Power & Light .. 27 b 104% Dic:esoit 2] 8 118 0otk T Ll s eR S pf (d) 3 22% 2 2 | the majority lacked recovery last year. 2'2 551 Am Pw & Lt pf (5)_. 4 58 5 2915 Deere & Co pf 1.40 _ £ 2 . b 4 5 p 3 P 5 \"m' ;‘fm,,— 41\; - JZf‘ - ‘and closed at the bottom. So far in March retail trade in the Pw & Lt pf (6) 3 68 65 | 28 44, Deisel-Wem-G (1) 2 Bl § - 75 4 7 ”":(),I;";"\": isz".l 1 f = i | were around 2.156,000 Capital has been well ahead of the | o le e T 2% —1 | « Delaware & Hudson 531 ! s B : e b Vo4 e Iz | Of immediate concer 1 like period in 1936. Weekly reports 31 e b S 2 e L < 2 : 1 2 2o . . aboa i 59 44 61y 481, + 1 “TP‘(, were threats of a wider auto- on bank clearings in the District have 2314 Am Seating (a214) 5 5 R o vrm:h|'.'\.~\my,“l‘“’ % 2t ; 4 3 5 cars Roebuck (3) 5 87 -3 m: ;\- ..mAke at Detroit to shy also been much higher than last year. | 55 41 Am Shipbldg (2) 508 [ 0% Diamond Mth (b 3 i | I St : e Servel Inc (1) . 28 280 1y |l factorles except those of General These two indicators alone are suffi- 5 Smelt & Ref (3) 59 9 g 29 241, Distil Cor red . 26 B 36 . o 5 31 33 : | 0 S - 1 ki -)m « =3 | Motors, which Y}m\ r signed witt cient to prove that the first quarter ] Smit rts Mar 31. 148 5 2 96 90 Distil Corp pf ( 4 g ¢ Al . s . s F i ) - L ¢ {the unions. Chrysler stock was ¢ 1937 will far iss 1936, And| 5 Am Sm & Ref pf(6) 11062 1061 106 £ 208 Divle Vortar (i 22 : S : Sl 104 Sharpe & Dohme 11 :|front of the retreat. “G of 1937 wi far surpass 193 2 o 67% 60 Am Snuff (13) & 16 4 0 ok v 2; re g , 9 arp & Do pf(315) g g el G so far as Washington is concerned, | o Breeim e 1 : ! hattuck F G (806) L 3 bac I 1 ‘there is nothing on the horizon right Am Steel F pf (7). 208 > TTee Lot I‘:"y"“_"'":"‘\‘*_‘""' 1 ! l ¥ 38 Melntyre I’nu-ut ST Y E g hell Un Oil (a 201, 3 tsrenlxvmvn with the now to change this happy outlook | 26's 22 Am Stores (2). .. .. 2 221 2910 9 3 S Sresaes i 3 31 g | ) cltseap ol 4 . 4 ilver King (h25c : % | downtum, appare for the second quarter. Am Sugar (2) 4 4 : N Duluth § § & 2% M :":““" 1“\“}‘1 8 1f 4 § 5 Simmons Co (a3) 21, timate of the A B X y Am Sum Tob (1) 3 215 | 315 2% Duluth SS&A¢ & 2 2% o8 150 eu Mo aSe s o] E Jiz Stmms Betrol Institute plac Railroad Situation Improves. T Telk T s i : »». T SO Ay 2% 2 L eSO 16! 5 1y Oil i eae At e St i The railroad situation has improved 9 Am Tobacco (5) ] % Duplan Silk (1) ‘ p SOk e ‘I’.“"I‘i-"‘ ‘) = obs | 99 Skelly Oil pf (6) o + 14 of a point from last week at a great deal, says the United Business | ¢ 0% Am Tobacco B (5) " ¢ ' 0 % Du Pont (b7 53 5 ; N Cobner (D : : L o : > n singe August, 1920 Service in its rt'pmt out today. The i A\:'wn \\§ v(fl "{'\'-”,‘Qfl"," 9 162 | Duquesne 1st (5) p 7 b Manabi Sagari()i: 2 6 | 4 2715 Smi sl 2 33 4 23 o tes following six developments are cited | Tyu “gut i1 waoren Lo 11 24 | 2 Bastern Roll Mills ) 30 20 Manati Sug pf (d) P 2 : 541, Hth (. 7 %1 6962 ralited) oo as the most important factors behind ‘Am Woolen Pt (b1). 1 Bastman Kodak (6) 6( _, 160 i3 12 Man El md gtd (d) - > i this improvement: * Am Writ Paper (d). 4 S : 7= 2 3 i i i selves, al Pension plan agreement. The new | 9% 6 Am Writ Pappf(d) 9 % 6 s 3 % Matine Mia (Pi0ey ok | y > “:" " & Lf‘i 1 Principal plan for railroad employe pensions AmZinc& Lead __ 5 16 41y 3 5| Ruto It R 4 B MATELSERY = e g t':{‘!l I‘j’dr“Q: i 3 i * =" ynited Stat Which was recently announced will | go Tt s 3 2 Roat (afc) _ G 13 : ] « Market St Ry 2d pf : . Juthern Pac 6 31, | Youngstow cet & Tube. Repub cost the railroads considerably less Anchor Cap (00—, 5] us T 2 : « Market St Ry prpf_ 3 I 301 309 3, 2 hern Ry 39% 37 3 | Santa Fe, New York Central, Pen than the provisions of the railroad re- = 2 ; 1 ’ , : ; 2 LR e enlaon If o 5Ny lée T Aght | Sarlin Rock = et ; juthern Ry pf sylvania, Southern Pacific, Balt tirement act, and further savings will 7% Armour(Del)pf(7)_ 4 Marts 2 2 5 @ A el K . 4 3 hio, S 3 ilway - N : r ( 109 ) 9 s Pw & Lt $7 pf 6 Martin-Parry_ 2 ; 4 < [& ot Squtnern. Railway, I result from the elimination of private : 7 Armour(Ill) blsc 81 12 ? 7 Storage Bat (2) 3 41% 4 401, > Masonite (1) 66 5 g 2 >R - & o | Central, Western Union, Americ pension plans. =2 S omouniprnee k Horn Coal (d) Mathieson Alk(1%; ST SEi 4 & Telephone, Anaconda, K¢ Peace in steel industry. The agree- o) "-"}\r“‘:]';z‘““_“—‘lflfir{(;fl 8 5 Horn C1 pf (d) DR 5 5 3 3 May Dept St (13) 6 1% Ol 7 B ! Cerro De Pasco, American Smeltir ment reached between the major steel -A:'m;m Sdlabide i . 3 >ublic Serv 2 5 3 Maytag Co (as0c)__ 3 | 15 Spencer Kell ) 5> 30 .| Standard Oil of New Jersey, Texa: companies and labor has been con- ‘\‘_\,,‘.,,r\,(;‘on"\_ i 2 Bl ooy Al 3 Frie R oo < 2 2 | 33 Mead Corp - B * 20% Sperry Corp vte(al) 2 Corp., Westinghouse, General Elec- structive from the point of view of | 98 Asso DG 1st pf(6) a9 ~ Yggi fea R R stnl : 805 Mengel Co bEoing L 815 Spicer Mf tric, Du Pont, Allied Chemical, Good- railroad traffic. The large volume of | 57' 50% Asso Invest (12) - R S e e %) 2 6T 67 6T -1 | Spicer pf A (3) 508 year, United States Rubbe grders on the books of th‘e steel }]:mr; | 92 Atch T & S Fe(a2) . 21 M 3 341 Svans Prod (1) 300 3 3 350, 201 “ont Pet al.15 3 1 m‘,‘ Biess 1 !\Jforitgucme l\\( d bm] R ucers promises to maintain a hig] L . 2 4 ' 3% | tl Prod(12) 3 215 42 - tand Brands(i80c 5 - B 1 ase, International H rate of operations, and correspondingly ::i ‘P((\";‘t"!‘:rl’ttifi)l) 501, : E D> L o 4 : : o) Minn-H 2 2y P 5 118 5 o212 19 tand Brands pf < o vester, Deere, Loew’s, Crown C heavy shipments, for several months | AtlRefinpf (4) . 1 111% ot s 56 Fairb'ks-Morse (i h | 4 Minn-Hn » 5 " 2 tand Com Tobac 3 4 and Canada Dr; Dome Mines (+ e bo 24 % 2 division. They finally reversed the patelL < . b Minn Molin 2 13 3y —1 | s s & E| 1 to come. Atlas Corp (80c) 4 B 5 11 Minn Moline Po 1 14 : : | Stand Gas & El (d) 11 Coal strike averted. Of similar| 52 Atlas Corp pf (3) 5 515 + 1| 28 x Federal Lt C HOR LA M AL RS SIS Maries i tand G&E $4 pf(d) 17 2 s 273 —1 v ST e PRI e A ‘ . | 12 661, Fed Min & Smelter : a8 M StPES S :: ;:fm, b 4 2| 7 50 Stand GRE 37 pf(d) 4 64 1 NEW YORK COTTON labor difficulties in the coal industry. : Alas Tack (1) i 16 i 5 eral Motor (40¢) i T < 33 26% Misslon Corp (a 2Rl 2 ¢ Hhplat iy';“f;}'\'(',m : L : Coal is an extremely important item | ° T “:;(“]r“"\\‘:}gzh’ oLped o 5. 4% Fad WaterSveA 5 B B 7 g 67% Mo Kans & Texas gHisg . %] Stand Ol Ina (+1) 15 i -, | BY the Associated Pr 6% Aviation Corp Del _ L] 434 3 Str (2 3 B Mo Eaas e nia 30% 3 76 67% Sta ; 7 5 «| NEW YORK, Mar —Rallies of - in the railroad traffic picture, con- tributing almost 20 per cent of total 811 Balawin T oos T 9 = : 7 fed’d D S cu pf 414 : 3 3 E g E ‘\’l' ‘x "“"" ";’ " 3 W 6 ke | 48 341 Starrett L 8 2 42 2 « | about $1 to $1.50 a bale were registered freight revenues in 1936 20 86% Baldwin Loco pf(d) 3 ; 50 Fidel Phoenix 11.6 3 o3, — . Moanri o Lok sterling Prod 1: ~l'um cotton today on strength of foreign Revival in capital goods lines. With| 914 vin as . 37 : Firestone T&R (2 3 i = s Stewart-Warn | markets and renewed active foreign such lines as lumber, cement, railroad | 12 3 i < o 2 9 s 5 l-lln\:n(u‘ (;Ar ,‘\Il‘n) 2 o B s 3 fonte Ward (+2). o 5914 "‘f' Iy f\’v{’“; | and commission house buying equipment, heavy machinery, etc.,| 40 L e e e 5 o T 5 3854 2¢ ‘f‘”i‘;\ o 2 4 e 5 Contracts were rather scarce, al- rFhowing wide improvement this year, * Baltimore & Oh pf__ 5 . b 1 G = Lo ; 1 . 5 nsbee Bros(d) | N E 2 2 p 4 un Oil ($1) 5 though realizing orders appeared on the implications with respect to rail- ]’Z‘::::r’ &S;\\rv‘fflg - 80s 4 e A Mahine (1) 5 521 3 fotor Prod (12) . : 3 Sia G Secea e ie) : 501, —3s, | the rally, influenced partly by easiness road traffic volumes are definitely 2% 357 e £ E ood Mach pf(4ls) 508 9% ' Motor Wheel (1.60)_ | 5 4 9 Sl uperior Oil _ 3 61y — 1, | of the stock market favorable. : 5% Barker Bros % 5 { ster-Wheeler 15 4613 4413 4 ta | roi i LY ; : uperior Steel ‘ 1 — 7| July sold from 13.99 to 14.09 and Prospective wage settlements. Al- 38 Barker pf (b1%)_ 5 )k 'kl]}“’\."]:‘;:.f;'l e s Mullins pt (7 = nand P 60 § > * 75 |Was quoted at 14.03 n midafternoon though railroad workers have asked | lt'r'l g;:r‘:kddl L‘IF»(_ 9 26% Freeport Sulph (1) 6 265y 4 E Munsingwear (3) g 9 : wift & Co (11.20) .. 3 . s, | When the market was 20 to 31 po mrbsglo b w:t fed with meg el 25 Beatrice Cream 11 ) 515 1091 Freeport Sul pt(6)_. 10s 9 DUNPh VG 0102 B0 Bt aned 13 Swift Intl Ltd (2) #% | T bigher, probably satisfied wit a per o | 3 o - 2dpf____ 10s 374 87 5| 20 Murray Corp(a0c) ymington ww bi0e . 91% B | 5 L L 5 cent increase. The . C. C. is likely to | 135+ 191% B:fé;"’?r,{fk“,{}{,n) i : A fel Co (2 8 6% 6% | » 1V e 2 204 2 % Symington xw bloc_ grant compensating rate readjust-| 15 13 Belding Hemin (1) 8 198 : | 33" 26 w 708 : e e fiislonsc (ybane ments. + 25 Bendix Avia(b25c)_ 51 5 Gannett cv pf (6)__. 70s 536 -+ is SN AcHe (ar50) Telautograph (60c) Loss of surcharges offset. The rise % 20% Beneficial L bd5c_ 812 3 | 191 4 Gar Wood (a55c) - 14 } : 6 \;:]1 ’\"\“‘l‘;(" 1‘2(1'17- i Y | Tenn Corp (a in traffic since the first of the year 56 Best & Co (1214) 567 5 giG nismunyaioe) L = 5 . Natl Bondl& Tn 144 7 f Hexas Con () has produced sufficient revenues to| 105': 73 Bethlehem (allz) 931y 9 9 2 2o ns (a3) : 0 2 Qs ] G 4 ™ jr-xasr.u}t;irla.m ) g 5% 9y 5% Ge aking = 5 B 5l < - - d 3 3 ‘exas Gulf Sul ( offset surcharge losses. Total net| 29 It 16 e (e 6 s Natl Dairy Pra 1200 32 24% 24 : 3t iR Do Pad CE D RN operating income of class 1 roads in | “gq 815 Bigelow-San h50c ... < Gen Bronze % 4 | 109 107 Natl Dair « 5% Texas PL T (aliec)_ March is likely to be $8,000,000 to| s 15 Black & Deck bs0c . 3 3 s Gen Cable 4 2 i 5 Natl Dept s hatcher Mfg (i1) $10,000,000 above last year, 5 4 Blaw Knox (b20c) _ 54 Gen Cable (A)_____. b 59 Natl Dept L =00 : hermoid Co Bankers 1 Abiena Dissen Blumenthal pf(221) 92 g ‘ 46% Gen Clgar (14) 3 46 4 : 5 i H;n&ufi;‘l\’;; 6 &5 Thir Rvente oL B 9%, 33% Boeing Airplane 5 . ie ctric (bi0c) : 541, Natl En & Stpg (2)_ : 287y 2 ompson Pr hidc_. Several of Washington's leading 41 Bohn Alum & B(3) _ 3 431, v s Gen Foods ( ) difL A d (F30c) - Thompson Staret __ bankers will attend the dinner tonight 8515 Bon Ami A (4) 5 g % Gen Gas & Elec : 2% 2 BuLia N “"1,° ':’“; o Eried Thompson Star pf _ at the Shoreham Hotel given by 413% Bon Ami B b62 31y 1?0:‘ ::,-u :::H\ ’I I:m g ) 0 oL ( )C - 2 2 1 el 9 'Il::‘h \\:al(‘ ‘: :; Ipsr“‘;:‘y' Washington Chapter, Chartered Life | 28 26k BordenCo (1.60)._. 15 0 et inston 61 6214 ; 91, 62 Natl Supply Co-. __ 35 79 97 —6 % 22 Timken Detroit 1 = - 315 724 Borg-Warner (4)___ < : 60t A : e 2 U 4 2 Underwriters, in observance of the 81 Boston & Maine p *1 1225, 118 Gen Motors pf 5 Natl Tea (60c) 9 7 4 Timken Roller B(3) mists i tenth anniversary of the founding of 31 Botany Mines A (d)_. 3, 3 31, R 127 Gen Outdoor Adv __ B 18 3 E 3 New Orl T&M (d) .- 2 2 2 6 Transamerica f40c 6 7 57 4| N ] ay. 1 July. 10,821 the American College of Life Under- 16% Bridgept Brss(60c_. 8 51 Gen Outdoor Adv A_ 505 5 % S Nawppriing (hhic) - ] L : Trans Wst Aira2sc. 13 2 BTy 187 Sept b, " Octover " 10048 writers. 4 2 2) y i 45 9 19 GenPrnt Ink(b6oc) 8 181z 981, N Y Air Brake bi0c : . 9% Transue & W (160c) ; a | James F. Bridges, Riggs National P S&S 6 4 5 54‘!, Gen I"uh Svrwl:‘r‘” 33 1‘12 4 2 } fi‘hr‘"&r\\l‘ e ¢ 2 e ] 9 Tri-C m:rx“: .[(Lc_))_ 3 5 Ban i e : istol-Myrs 12. 25 g 5% 53 Gen Ry Signal (1)_. Y Chi&StL_____ 15 5 : aer 5 4 -3 fog Doen 1h e samiaet Sovek| O T 3 & 8 B i Gen e RV N emE S , e GTE - S NEW YORK BANK STOCKS 6% Bkly 5 3 i 401 Gen Realty & Unf - 4 39 3g | 12 N Y Dock =i g 9 9 5 5 20th Cent F pf(112) - 45 held by Washington Chapter, Ameri- [ (5~ &% Bkivn & Queens i 0% 62% Gen Refract (a3%). 2 6 5% 18 N Y Dock pf y s 134 TwinCity RT .. 4 AR DROP AGAIN IN WEEK can Institute of Banking. Class B : i 4 X ; 5 2 4aNY NY NY A1 U 4 4 S Investors (d)__ ) 9 Twin CRT pf al4 82 82 82 : 20Y% Brunswick-Balke_ % 731 Gen Steel Cast nf - 30s ’ p % 2 Srectal Dispatch to The St honors were won by W. S. Dampier of | 551, 50 = Buewy : % 28 Gen Thea H&H (1) ) |63 Ulen & Co 4 i = | CEocisl Dispatclico The Star TN e 514 20 Bucyru 9 9 H & H pf (d) 2 ‘| NEW YORK, March 22.—New York the Bank of Commerce & Savings. 12 Budd ( 2 207 15% ( VY pf (d)_. Und-Ell-Fisher (3). 2 6 86 —115] ., Ma 22.—1 or 3 L 5 5 N Y Omnibus ¢ | city bank : ] Honors in the doubles were taken by | 13 914 Budd Wheel(a20c)_. 841 Gillette SR pf (3) - 2 &5 RIMERER Pl o e 3 Union Bag & P (2) 1 791 —q1 | City bank stocks showed further small J F. Brid St Iread 34% Bullard (b25c) 29% 20'% Gimbel Bros 3 2 2 N Y Omnibus(war)- : Union Carb (3.20) _ 21 10414 102% 1031 —11; | declines during the last week. accor ames F. Bridges, who had already % 51 Bilova Wik G- R A g £3% Gimbel Bros p[(a) 3 5 N Y Ontario & W___ 9 & 2475 Union Oil Calif (1). 34 25% 2 s —1'x | ing to records compiled by Hoit, Rose ‘won the class A honors, and James A. E&m B A (300) % 541 435 Glidden Co (2). 4 5 2 N Y Shipbuilding __. 27 a 2 Union Pacific (6) . 2% | & Troster 3 i G = Bruen of W. B. Hibbs & Co. In the T% Bush Terminal (d)_. 4 Gobel (Adolf) 50 5% 4% 2 Norfolk South (d) - 4 . 2 26% Union Tnk Car 1.60 P 2 ¥ Th Eretiatat matket Vo ¢t 18 ladies’ contest, Miss Myrtle Lewis of | 431t 511" Buon 1 Biae atca) 5% Bow me 6% Goebel Brew (1200). 15 T 61 | 2 Norf & Wst (b235) 2 254 5 27w Utd Aircraft(ase). 87 3 3 R ol the Liberty National Bank won the 1312 Butler Bros (b15c)_. S ¢ 31 Goodrich(BF)(al)_ 68 : 3 4 109 Norf& W pf (4) . b 2014 Utd Air Linesa20c_. 40 2 8 u Lssues on MArchi19: amourited cup or whatever the prize happened | 36vi 20v Butlor ot (130 i 38 5 79% Goodrich pf (5) 5 of 17 North Am Aviation ] 3% 13 55 Utd A Dosthe - : 2 to $2:325,185.000, compared with $2.- to be. Great excitement prevailed 5% Butte Cop & Z(abc. % 5% 4 % 27% Goodyear (b50c) _ 347 North Am Co(b30c) * | 304 27% Utd Biscuit (1.60) __ 267% 267 2 + | 335,544,000 at the close of the previous 5 ‘hi 3% 27% Byers (A M) 100 Goodyear cupf(5)_. & 2 E North Am Ed pf (6) 9 9 Utd Carbon (4) . 31y week, a decrease of $10,359,000, or 0.44 RIONERIE Aredbit b e e D) 5t : s 315 11 Gotham Silk Hose _ 2 i s % 27% Northern Pacific __ 97 Unit-Carr Fast(12) per cent. ' the contest was in progress. e EAD 9 92 GothamSHpf (D). 108 % 3% Norwalk Tire & R__ 6 4 5 o i R The current average sield o the 15 Frequenters of the New York Stock 40 Calif Packing (2) " 2 : 2 % 3 Graham-Paige 35, 2 4 17% Ohio Oil (a60c) ____ 914 3 7 TUtd Corp pf (3) b "3 Exchange board rooms today wit- 504 50% Calif Pkg pf (214) 614 Granby Cons (new) 4 g g 7 6 5315 Oliver Farm Equip_. 94 R4 Utd Drug (a75¢) ... 9 282 % nessed an opening considerably lower 1 93 O P 2 i : 5 37% Grand Union ctfs I 2 18% Omnibus Corp vte . 3 2 7td Dyewood (1) 3%, 231, 23 . yield of 2.82 per cent on \hn h 1 iod y 61a 2% Callahan Zinc-Lead 5 7 than Saturday’s close. Chrysler showed | 201 151 Calumet&Hecla (1). i 15 y 7% 21%3 Grand Union pf(b1)x 2 237 3 i S 13% Oppenheim Collin 3 15 91y td Elec Coal e | The current market value is now 1.69 one of the sharpest drops over Sun-| 3 317% Campbell Wy (1) .. % 2 40 Granite City Stl(1) g 2 3814 3 357 Otis Elev (60c) _ 2 Utd Eng & Fy (12)_. 2 59 59 I times the known book value day, United States Steel and several 2714 Canada Dry G Ale__. % ? L D O L o ML s 20% 0 5 Jd Fruit (13) 9 8 854 86 -+ 1= others also revealed lower quotations T4 143 Canadian Pacific 4036 Grit Nopth ernl PL e 4 o 97 75 OtisStlcvpf (5%)- 8 & 14 as Imp (1) : e 2 19 Grt Northn Ore (1) 37 7 23 Outboard M (b30c) s d Paperboard Lack of progress in settling the motor Cappadmita) (al) 0 k& % < o 2. ' 4 35 GrtWestSug{2.40_ 5 35% 35l 351 23 19% Pac Am Fish (11.20) Distributing pf_ 10s 16 16 16 F'd l' [ strikes was one of the causes assigned | 102 et (/}1?;.";‘0(5‘:;((;) ; 2 34 GreenHL (f1.60)_. 14 354 3 5% 1136 Pacifo Coast & TernSact . Ve : 1de; lty Fund, nc. Freight (1) 25 S o S for the weak opening. 7 C e Gen (b10. 4 7 14% Greyhound (t80c) . 26 15% b 2512 Pacific Coast 1st pf _ 3 IS : 4 2515 Washington members of the Invest- | 17 :::‘f;}?(‘o?n 2 ' . s 11 Greyhound pf(55¢). 5 i 21 Pacific Coast2d ~__ 208 22y : 3 2 U'S Gypsum (12) : 15 — 6% of Boston \ , A ‘e § % C 3 Guantanamo Sug. 5 37 3% 3 32 28 Pac Finance(f1.80)_ S Hoffman 5 2; P 4 o nociallon Tuge Sl 1;2'; ‘cf?;‘,’xfilf"-r‘iff?z’;' / 40 Guantanamopf _ . 40s 5l 4 3114 Pac Gas & Elec (2)_ Hoffanpf(2%). 2 70 & 11 | Prospectus on Request peteljecite annualidhectony b N anis Des G el s e : .| 59% 511 Gulf Mobile & N pf 1 : 3% 441 Pac Lighting (3) 7 3% 2 S Indus Alcohol ¢ ool cludes, in addition to all the members’ 3615 Celotex Corp. . ; 108 B5% Gulf States Steel 5 98 95 % 36 Pac Mills (ba0e) 35% d4% d4% —1| 8% 64 US Leathervie William W. Mackall, Jr. names, a copy of the association’s con- | gs), 78" Celotex Corp p ; 36 325 Hack Wpf A (1%). 308 G 3 7 145 Pac Tel & Tel (8) . 3 : : f s S Leather (A)vte 81 —1 ! : 4 stitution and by-laws, officers and 4 Ce 2 4 4 +| 20% 1312 Hall W F Print b 7% 6! 9 141 PacTel&T pf (6) - USL'hrprpfbld 6 5 Investment Securities | governors, national committees, group 108 105% ;:amxu?sxxf)pfffi;« Zg: 2 1031 i 224 Pac West om:snc)) 2 26% 26% 4 4 { : {;meh-% l;dlr\'( e 612 4 % || 1002 Woodward Blde. District 8131 7 Cent Violeta Sug 105 101% Hanna (MA) pf(3)- 314 1031 Packard Mot (b15c ; % 10% 18 % U S Real mp , £ . D ey il Dy o el é—,u o d;"P;‘;;“ffl_, 5 581 50% Harb-Walker (12) . s B4t 5415 h Pan Am Pet (a60c) ' Z U S Rubber ¢ 4 64 — el erdariig e 16% Certain-teed Prd 4 17% 15 Hatof Am A (b20c) 15 4 i Panhandle P & R : 2 U'S Rubber Ist pf - : most complete annual yet issued. k L 8 5% Hayes Body .. Y 6 7 Panhandle P&R pf_. i S Smelting (b2)_ Railway Common Sells at $725. 57 3 a ¢ | 109% 101 Hazel Atlas G1 (15). 2 4 1041 76 Paraffine Co (b1).__ 75 U S Steel & 4 s & ercules Pwdr = 26% 213% Paramnt 2 0. 2 2 297 5 32 2 2 + S stove BUld oo e Westingiun S e e L Lo 150k Bl e PaS (BT % 1281 128% —1% 5876 Park & Tilford (23 s 9% 74 Unit Stock Y a12 Stock Exchange today at $725 a share 67 Chi & Bt 111 pt (d). %1 111 102t Hershey Ch pf (14 105 Sipikulane : A 6% Utd Stores (A) . 1 for a 10-share lot. It was the first| ™ 90 CpiGre west (d)-. 11 3% 521 47 Holland Fur(al%)_ 1 38 Parke Davis (b1)_ : 82 Univ Pictures 1stpt. o 85 4 sale in the issue this year. The stock 4 13% Chi Gt Wst pf (d) 7 — ag | 12012 106% Holland Fur pf(5)_. 308 i 7% 247 Parker Rust (1135)_ 5 4 3% Util PW&Lt (A)(d). 12 3l 3 E is also by far the highest-priced se- 8% ChiInd & L pf (d)_. 20s 9% — 15| 30% 21 Hollander & Son(1) 7 K 273 6 Parmelee Trans ___ 6 ] 1% Vadsco Sales Corp__ 3 curity on the exchange. 28% Chi Mail Ord t1% 2 281, — 15| 43% 31% Holly Sugar (12) 1 Y 2 8% Pathe Film Corp % 4 % 28% Vanadium Corp 347 Capital Traction 5s moved in three| 3% 2 ChiMilStP&P(d). 76 3 o 2 R e e gog:;s};z‘;;("}f,’é) e NeoL 1CE TS EoAines(fE 12y B o Vo Rasle(hane 4 i ; SUPPLY i i 4% Chi M S = % Houd- = b 33 s Cor| i %5 : 215 Vick Chemical (12 : Gy salbocn 0L S Tl 3'; (C‘m x\jt“r;&(g)p:(d). fg g:/fi - ?Z 73/. 61 Household Fin (4) . 2 6 97" gsfi;:\chn) r(74) - 7% Va-Car Chemical tric Power 3%s came out on two 11% Chi & N'W pf () 161 —1% | 94 94 Housel'ld Finpf(s) 1 5 — 1 4% Penn Coal & Coke __ 5% b5 y 3% 504 Va-Car Chem 6% b $1,000 transfers at 101%, off from 23 Chi Pneumatic Tool. 25% —1% | 17% 121 Houston Oil vte 31 4 7% Penn Dixie Cement. 8 70" Valoan Detin (a8).- 408 IND the last previous sale at 103. 70% 61% Chi Pn T pf b8734c__ 64% —1y 62% Howe Sound (13) 2 79 4 4 Penn Dixie pf (A)_ 4 122», 117% Vulcan Detin pf(7)- 10s 118% 118% 118% — % Potomac Electric Power 6 per cent 3% 2% Chi R1& Pac (d) _. 8% — 3% 4 Hudson & Manhat. 4 4 Penn Gl Sd etaslc__ 10% 3% Wabash (d)_______. 17 8% 7h Tk — 1y preferred and the 52 per cent pre- 8% 5% Chi RI&P 6% pf(d). y % — Y% 181%% Hudson Motor_ k Penn Railroad (a2).- 18% 9 Wabash pf (A)(d) 17 15% 14% 14% —14% ferred again sold at exactly the same| 10% 6% Chi RI&P7% pf(d)- sv. % 2 Hupp Motors__ 2 63 4 Peoples Drug (1) 16 7% Wabash pf (B)(d)_. 908 price, 113, in small-lot turnovers,| 157 12% ChildsCo___ o 13% 13% — % 22% }}:hwis gcn!raflA & léism I:g: ;eop}esgptc(:‘%L A ;gs. ;g ‘\;alldm’f sgs((n.zo)). 4 Survey available on 2 i *| 1354 110% Chrysler (b1 i = 46 Illinois Cent p ' 481 Peoples Gas 2 4 0% Walgreen Co (new). c:;flml T{“:,s;:sstwmk'm&lngm th;‘d-‘ 21‘; 187 City Ice &(I-‘ulzl)(z)_ lfgi’Z 12;"2 sl 65 IllCentlslIn (4)_ % Pere Marquette 5 ¥ 118 112% Walgr'n Co pfz()fi‘/a) 15;)5 113 3 request without at 14, agains week’s close at 15. 92 85 City Ice & F pf 6% . 10 88Y, =5 12% Indian Refin (al) 4 Pere Marq pr pf a 49% 45% Walker (H) ( i 4T% 46% . Other bid and asked prices showed | 10% 9 City Stnres,p,,,% o “SZ: _1* 15 36% Indus Rayon (2) 5 A 3 Petr Corp Am a90c_. 18% 11% Walworth Co__ 7 obligation. little change. 881 32% Clark Equip(11.60)_ 32% 32% —1% 112% Inland Steel (4)_ 5 ly Pfeiffer Brew (1.20). 50% 42 Ward Baking (A)_ 3 41% 35 Clev Graph Br (2)__ 37y% —2 2214 Inspiration Cop 7 Phelps Dodge b35c-. 10% 6% Ward Baking (B)_ e 98% 78 Cluett Peabody (3)_ 8814 —814 5% Ins Sh Md ct (a20c) s y Phila Co 6% pf (3)_. 1 5! 99% 94 Ward Bak pf(b1%)_ i b C.) TWO0 NEW BANKS OPENED, | 163% 122 Coca-Cola (t2) ____ 1 1541 —5 10% Inter Rap Tr vtc(d) : Phila Rap Tr pf(d)_ 3| 18 14% Warner Bros Pict % 13 % Robert C. Jones & Co. * | 25% 19% Colgate-P-P(t50c)_ 24 —1 43 Intercontl Rubber_ - 9 o 1% Phila & Read C&I_. 7 a i 691 61% Warner Bros Pic pf_ CHICAGO, March 22 (Special).— | 62% 55% Collins & Aik (12)__ 551 —15 16% Interlake Iron 3 72 Philip Morris(b3%) 4 1% 1% Warner-Quinlan(d) A y Shoreham Bldg. Two new banking offices were opened | 51% 447 Col Fuel & Iron(b1). 43 -3 5 Intl Agr:cu{tur ; 7 5 ‘1‘132 ;’m;:!us ;orlnesl,,(z) < 2 4 = % g% th ::'arrnyésros ;d()d) 7% 21 Colo & Southern ___ 42 Intl Agricul prpf_ ips Petrol (2)_ % 52% % var'n Br cv pf (d)_. during the last week, one in Florida ‘ 24 (‘,olo:South 1st pf_ gg- gg 189 169 Intl Bus Mach(f6) . 16% Pierce Oilpf . _ __ , 18 38% 32% Waukesha Mot (1) _ and one in North Dakota, according L2 % o 5 3 o 25 Colo & South 2d pf__ 508 27 — %[ 111% 102% Intl Harvester(2%) ¢ 3 2815 Pillsbury Flour 1.60 y 30% 9% 6% Webster Eisenlohr_ to the Weekly Banking Market re- 161 Colum G & E ad0c 50 16% — % | 162 146 Intl Harvpf (7)_ y 15 Pittsburgh Coal 15% 15 2% 1% WellsFargo_______ 20s 1% 17 7 “Complete Investment Service® leased by Rand McNally Bankers 327 Columbia Pic (11) 7 34 33% — % | 16% 8% IntlHydroElA____. 1 12% 12% — 7 13% Pitts Screw&B blsc. 17% 16% 16% e Monthly. % 42 Col Pic ev}f QR 1 4% — W} 13% 6} Intl Mercantile M. 2 1% 11% — %! 122 103 , Pitts Steel pf 190- 107 106 ‘osv. (Continued on Page Seventeen.) ) h [ MEtropolitan 2922 }