Evening Star Newspaper, March 30, 1937, Page 18

FINANCIAL. STOCKS IMPROVE INQUIET TRADING FINANCLAL. THE EVENING STAR, WASHINGTON, D. C. TUESDAY, MARCH 30, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:15 p.m, Prev 1937 Stock and Bales— Net High.Low. _ Dividend Rate. Add 00. High. Low. Close. chge. 3% 2 SchulteR Strs(d).. 14 2 2'4 23% 17 SchulteR S pf (d)-. 1 20% ~ % 45% 38 Scott Paper (1)_._. B50s 41% + % 214 1% Seaboard Air L (d)- 19 1% + W 8!z 6 Seaboard A L pf(d). ™ —% A—I8 xxkx LEACH GOMPLETES YEAR'S SERVIGE By Private Wire Direct te The 2: 15 2 Prev 1037 Stock and Net High. Low. Dividend Rate. Ada 00, High. Low. Close. che. 80% 63% Acme Steel (4) .- 3 18 77 18 +2 22% 15 Adams Exp (ab5c)-. 6 21% 20% 28% 247 Adams Millis (b1) 4 26 26 31% Addressograph (1). 20 33% 32% 2:15 p.m. Bales— Net Add 00. High, Low. Close. chge. 1 21% 214 — % 91 92 +1 37% 39% +1% 31% 31% — % 19% 19% ar. Prev 1937 Stock and High. Low. Dividend Rat 3% 2% Contl Motors. 45% 40% Contl O1l Del (11)_ 35% 263% Contl Steel (b50c) 77 637% Corn Ex Bank (3) . 1% 65% Corn Prod Ref(t3) Prev 1937 Stock and High. Low. Dividend Rate. 28% 19% Louis G&E pf A 99 884 Louis & Nash b215_. 29% Ludlum Steel (t1)_. 30'% McCall Corp (12) . 184 McCrory Stores 20% 41% 1% T + % + % 41% 36 244 Richmond Reserve Chief Praised by Bankers of Capital Area. BY EDWARD C. STONE. Hugh Leach, president of the Fed- eral Reserve Bank of Richmond, has Just completed his first year as head of the institution which comes in | such close con- | tact with Wash-| ington banks. In serving Wash- ington, Mary- land, Virginia, West Virginia and the Caro- linas, the Rich- mond bank has had a most ac- tive and success- ful 12 months. President Leach was highly praised by bank- | ers here today for the results his administration. was born Hugh Leach. attained under The reserve bank's h in Richmond on September 24, 1894 received his B. A. degree from the | University of V a in 1916 and an M. A. degree in 1917, when he was | president of his class. He was stu-| dent instructor at the university, a| member of the Pi Kappa Alpha and | Phi Beta Kappa Fraternitie: He started his business career as an office manager and accountant in New York, served in the World War, then went to Richmond, secured a C. P. A. certificate and taught night | courses in accountancy in Richmond Chapter, American Institute of Bank- ing. He was also connected for a time | with the Old Dominion Trust Co. in | the Virginia capital. | Mr. Leach entered the employ of the Federal Reserve Bank of Rich- | mond in 1920 and was auditor when sent to organize the Charlotte branch on December 1, 1927. He was man- | aging direcior at Charlotte until Oc- | tober 15, 1931, when he W elected managing dircector of the Baltimore branch of the Federal Reserve Bank of Richmond. On February 2, 1932, Mr. Leach was granted a temporary Jeave of absence to assist in the or- | ganization ot the Reconstruction Finance Corp. and become the cor-| poration’s first treasurer. He became first vice president ol" the Federal Reserve Bank of Rmn-‘ mond on March 1, 1936, and was | elected president on March 12, to re- | place former Gov. George J. Seay, | whose presidency was rejected by lhei Board of Governors of the Federal| Reserve System on the grounds of being beyond the retirement age limit. Bankers Elected to Council. | Charles K. West, manager of the K street branch of the Security Sa\mgs & Commercial Bank, and Charles W. Haas of the Union Trust Co. \\ere‘ elected membe: of the Executive Council of the Safe Deposit Section of | the District Bankers' Association at a meeting last night in the American Security & Trust Building. They are to fill unexpired terms due to resigna- tions. Further plans for the coming | national safe deposit convention to | be held here were also discussed. | Directors of the National Metropoli~ 1 tan Bank have declared the regular 3 | per cent semi-annual dividend on the | capital stock, payable April 15 to| stockholders of record April 4, Presi- | dent George W. White announces. | Books wiil be closed from April 5 to | April 15, inclusive | Lumbermen’s Has Big Year. | The Lumbermen's Mutual Casualty | Co. of Chicago reports gains in all departments for the twenty-fourth consecutive year, according to Albert R. Peters, president of the Mutual In- surance Agency, local representative. Earnings increased to a new high record of 3. from $4,003, 437 for the prev vear, a gain of $1,244,- 'nc"[‘a\[‘d to $26,630,: "04 31, 1936, a gain of $4,- 018,905 over the 1935 total | Premium income reached a new high record in 1936, totaling $22,219,- 614, as compared with $20,343,475 for 1935, a gain of $1,876,139. Bond Improvement Forecast. A substantial recovery in bond prices is likely before very long, says the United Business Service in its current report. The reaction in the bond mar- ket in the past several weeks has been unexpectedly severe, but there are as | yet no indications that a prolonged de- cline has begun. It is logical to look for continued nervousness and uncertainty | antil the final increase in member bank | reserve requircments becomes effective on May 1, but a further wide open break in prices is not considered likely in the near future Superficial forces have the upper | hand in the bond market at present, but these ought to give way in time, the United Service concludes, to the basic influence tending toward greater price stability, the forecast concludes. Financial District Notes. Howard Moran, vice president of the American Security & Trust Co. has returned to his desk from an Easter vacation passed at Atlantic City. Robert C. Jones, head of the invest- ment firm of Robert C. Jones & Co. has returned to his office after a va- cation spent in Florida and Nassau. He reports a fine trip, adding that Florida is now winding up an unusu- ally successful Winter season. Bond yields, which until recently | had been near the extreme low point | reached last December. advanced by 1, and J» per cent and on March 24 were at about the levels prevailing | early in 1936, the Federal Reserve | Board's March Review states. Retail sales of new passenger auto- mobiles in February were 34 per cent higher than in February, 1937, and 21 per cent greater than in 1935, the Commerce Department announces. The aggregate value of all building for which permits were issued in Feb- ruary showed an increase of 63 per cent over February, 1936, the Labor Department has just reported. Today’s Trading on Exchange. Capital Traction 5s were in the best demand of any issue on the Washing- ton Stock Exchange today, five $1,000 transfers being recorded at 9215. In the stock division Washington Railway & Electric preferred led the day's transactions with 10 and 5 share | lots changing hands at 109. Potomac | Electric Power 5'; per cent preferred | stock sold at 113 I Other bid and asked prices were | practically unchanged. The bid on ‘Washington Railway & Electric com- mon remained at 725 with 775 asked. FAILURES TOTAL DOWN. NEW YORK, March 30 ¢P).—Dun & Bradstreet reported business fail- ures for the week of March 25 were 189, compared with 193 the previous week and 194 & year ago. A 4% 804 160 121 71 1041 90% 105% 23% 400 624 10513 20 R 176's 100 36 " 106 514 1103, Chrysler (b11; 14 12 95 497 108 5% 18% 13% 17% 10% 154 12% 51 32% 3% 5% 6914 25% 2% 3 Advance Rumley 72% Air Reduction (t1)_ 3% Air-Way Electric 14% Alaska Jun (160c) .. Allied Chem (6) 4 Allied Mills (b50c) » Allied Stores (b20c) 1 Allis-Chalm (b50c) - Alpha Port Cmt (1). Amal Leather Am Ag Chm Del b1 _ Am Bank Note (11). Am Bk Note pf (3)- Am Brake Sh (12)__ AmBra Shrts Ap15 112 Am Brake Shpf5%. 108 AmCan (t4) ______ 61y 621 1% 125 105% 56 Am Chain & Ca bl... Am Chicle (14) - Am Colortype Am Comel Al a50c_— Am Crystal Sug b2._. Am Encaustic '« Am & Foreign Pwr_ Am & For Pw $6 pf - Am & For Pw $7 pf_ Am & For Pw 2d pf Am Hide & Leather Am Hide & L pf (3) Am Home Pr 12.40 _ Am Am Am Am ) Am Am Am Am Am Am Am Am Am Am «Am Am Interntl (at0c)- Locomotive Loco pf (a3) __. ch & F (1) h & Met 60c Metals News (NY) (3) 10s Power & Light_ 26 Pw & Lt pf (5)_. 2 Pw & Lt pf (6)_. 1 Radiator t60c __ 34 Roll Mill +1.20_. Seating (a2l hipbldg (2) Smelt & Ref(3). Sm & Ref pf(6). Snuff (13) = Steel F (b50¢) . Stores (2) _ Sugar (2) Tel & Tel (9) Tobacco (5 Tobacco B (5)__ n Type Founders .. Water W (80¢) Wat W 1stp (6) Woolen 1 Woolen pf (b1). Writ Paper (d) Vrit Pap pf (d) Am Zinc & Lead _ Anaconda Cop (1) Andes Copper AP W Paper A Armour (111)pr pf 6 rmstrong Cork(2). Arnold Cnst b62130- Artloom Corp Assoc Dry Goods __ 2 Atch T & S Fe(a2) _. Atl Coast Line(al)_ Atl Refining (1) Atlas Corp (80c) .. = Atlas Corp pf (3) Auburn Auto Austin N Austin Nich pf (1) 1308 Aviation Corp Del . _ Baldwin Loco (d) ._ Baldwin asd (d) . : Baldwin pf asd(d)_. Baltimore & Ohfo _ Baltimore & Oh pf_ Barber Co (a7sc) Barnsdall (1) Bayuk Cigar t75¢ Beech-Nut Pkg (i4) Belding Hemin (1) Bendix Avia (b2 Beneficial L b45c Best & Co (1212) .. Bethlehem (allz)_. Beth 5% pf (1) Black & Deck b30c_. Blaw Knox (b20c) . Boeing Airplane Bohn Alum &'B(3 Borden Co (1.60) ... Borg-Warner (4) Boston & Maine ___ Bridgept Brss(60c.. Briggs Mfg (12) @ - [ aparafowaBaanemceho »R)\I\n&t}ns pf( klyn Ln Gas (3 OB NI oA RO T D D % 2 b0 Budd (EG) pf Budd Wheel(a20c) .. Bulova Watch (14)_ Burr Add M (80¢) .. Bush Terminal () Butler Bros (bl3c)_ 29% Butler pf (1%) ___. 5% Butte Cop & Z(a5c)_ 27 Byers (AM)_______ Byers (A M) pf__ 27 Byron Jackson (11). 39% Calif Packing (11%2). 2 23 Callahan Zinc-Lead. 167 15 Calumet&Hecla (1). 18 » S 'S 30% Campbell Wy (f1).. 2° 27% Canada Dry G Ale__ 55 14 Canadian Pacific _ 87 5213 Cannon Mills(b30¢) 3 15 Cap Adm (A)(al) Carriers & Gen(bse)x Case(J 1)Co (4) Caterpillar Tr (12)_ % Celanese (b75¢) “elotex Corp L5 Celotex Corp pf(5) 31, Cent Aguire (1113) 8% Central Foundry 512 Central R R of N J_ Cent Violeta Sug __ Century R M bl0c__ Century RM pf(7)_. 6714 Cerro de Pasco (4)-. 16' Certain-teed Prd __ 677 Certain-teed pf (6). 120s 3513 Champ Paper (1) _. 79 Chesapeake Crp(3)- 57% Ches & Ohio 12.80__. 67 Chi & Est 111 pf (d)- 2% Chi Grt West (d) _—. 13% Chi Gt Wst pf (d) .. 28% Chi Mail Ord t1% 2 Chi Mii St P&P (d) - 4% Chi M St P&P pf(d). 312 Chi & N W (d) < 23 Chi Pneumatic Tool 2% Chi R 1 & Pac (d) 5% Chi RI&P 6% pf(d). 6% Chi RI&P 7% pf(d) 181 Chicasha Cot Ofl 12'¢ Childs Co .17 1075 o Zan @ 187 City Ice & Fuel (2) 85 Ice & F pf 614 9 Citv Stores 214 Clark Equip (1 60) 35 Clev Graph Br (2) _ 49 Clev & Pitt spec(2)_ 13 Coca-Cola (12) 191 Colgate-P-P(t50c). 2 5414 Collins & Alk (+2) _ 1081% Collins & Aik pf(5)_ 43~ Col Fuel & Iron(b1) 3 21 Colo & Southern 108 24 Colo & South 1st pf_ 130s 15% Colum G & Ea40c_. 58 97% Col G & Epf A (6) - 1 3274 Columbia Pie (t1)-. 1 112% Col Carb vtc (t4)_— 2 567 Comcl Credit (+4) __ 100 Comcl Cred pf (4%) 66% Comel Inv T (14) ___ 18 Comcl Solv (160c) .. 3 Comw & Southern__ 3 POEEoS - I YU IUIR IR T YT Cuey > oNaT e 708 .SSN Congoleum-Nrn(2) _ 167 Congress Cigar(a2) 17t Conn R & L pf L88% Con C pr pf ww 614 RQ“~ Cons Edis N Y(12) _ 508 10s 35 4 Cons Film pf (a2)__ 914 Cons Laundries 15% Cons Oil (80c) 7% Cons R R Cuba pf. 7% Cons Textile (d) . 814 Cons Coal(Del)vtc_ 33 Cons Coal Del vtc pf 130- 203 Container Corp 1.20. 27% Contl Baking (A) ... 3 Contl Baking (B)-—. 59% Contl Can (3) ._—__ 20% Contl Diamond (2)- - 38% Contl Insur (11.60). A 3w 34 2% 3% 143 4% 53 45% 445 '244 10% 5614 28% 1007 561y 24% 813, 173 148 127 20% 24 135% 29 58% 2412 107% 105 6814 17% 106% 8 109 157 39% 185 111 52% 30% 4312 FR2EEE o 59% 189 111% 1674 13% 18% 73% 22% 16% (IR 115% 531 111% - E =t 1+ 144144 s maasestEEy [P s 4% 60 +% 109% 28% ll% »' 141 ~ % 101 6 Coty Inc. 46 CraneCo . 21% Crosley Radioal% - 74% Crown Cork & S(2) - 51 Crn C&S pf ww 2% _ 17 Crown Zellerbach Crown Zell ev pf(5) Crucible Steel Cuba R R pf 10 Cuban-Am Sugar _ 110 Cuban-Am Sug pf _ 1715 Curtis Publishing __ 100% Curtis Pub pf (7)__. 615 Curtis Wright _ 19% Curtis W(A) a5 80 CushmanSpf 3% _ 20% Davega cum pf 1% _ 104% Deere & Co Deisel-Wem-G (1) - 421 Delaware & Hudson 174 Del Lack & West __ 77 Den & R G W pf(d)_ 38 Diamond Mpf(1%) 243 Distil Corp Seag - 20% Dixie Vortex(1? 39 Dixie Vortex A 2 37% Doehler Die Cast(2) 45 Dome Mines (12) __ 604 Douglas Aircraft 324 Dresser B (al) 6" Dunhill Internatl . 118% Duplan Silk pf (8) - 156 Du Pont (b75c) 11'% Eastern Roll Mills 159 Eastman Kodak (8) stman Kod pf(6) Iaton Mfg (2) Eitinzton-Schild 1 Paso Nat G 1.60 . 51 121 & Elec&Mus I (a18¢) Elec Pow & Light - Elec Pw & Lt $6 pf . Elec Pw & Lt 87 pt Elk Horn Cl pf (d) . » Endicott-John (3) Equitable Office B rie R R E i Erie R R 1st pf Eureka Vac (80c) . Bvans Prod (11) 2 Fairbanks Co _ Fajardo Sug Co (b1) Federal Lt & Trac Fed Lt & T pt (6) Fed Min&Sm pf(7) i Federal Motor(40c) Fed Screw Works Fed Water Sve A _ Fidel Phoenix 71.60 Firestone T&R (2) st Natl Strs 1213 lintkote Co (1) Follansbee Bros(d) » Food Machine (1) 20% 10s 81 1 21 16 126% 2 24' 5 53% 15 21% 19 36% 108 10 2 3 308 1 21 1008 2 1 108 2 4 1 6 Food Mach pf(43z) x900s Foster-Wheeler Foster-Wheeler pt Francisco Sugar ranklin S pf(as%) % Freeport Sulph (1) - Gabriel Co (A) Gamewell Co _ Gar Wood (a55¢c) Gen Am Trans (a3)._ Gen Baking (160c) Gen Bronze Gen Cable Gen Cable (A)_ Gen Cigar (14) ___ Gen Electric (b40c) Gen Foods (2) Gen Gas & Elec(A)- Gen Mills nf (6) Gen Motors(b25c) - en Motors pf (5) en Outdoor Adv en Print Ink new _ en Prot Ink pf(6)_ ien Ry Signal (1)_. Gen Realty & Util _ Gen Realty & U pf Gen Refract (a3%) Gen Thea Eq(b2sc). Gillette S Raz (11) - Gimbel Bros 2 83% Gimbel Bros pf(6) . 435, Glidden Co (2) 2 Glidden cv pf(23¢) . Gobel (Adolf) = Gocebel Brew (120c) Gold Stock Tel (6) Goodrich(BF) (al) - Goodrich pf (5) Goodyear (b30c) _ Goodyear cu pf(5) i Gotham Silk Hose _ Gotham S H pf (7). Graham-Paige 2 Granby Cons (new) 2 Grand Union pf(b1) Granite City St1(1) Grant (WT) (71.40) Grt Northern pf Grt Northn Ore (1) Grt West Sug 12.40 Grt Wst Sug pf(7) Green H L (11.60) Greyhound (180c) Greyhound pf(55¢) Guantanamo Sug - Guantanamo pf Gulf Mobile & 511 Gulf Mobile & > 5512 Gulf States Steel 325 Hack W pf A (1%) 1313 Hall W F Print 27 Hamilton Wth b25¢ 101% Hanna (MA) pf(5)- 50% Harb-Walker (12) . 147 Hat Corp of Am 80c. 103% Hat pf ww (6%) 5% Hayes Body Hazel Atlas Gl (15). 13% Hecker Prod (60c) . 311, Hercules Motor (11) 15012 Hercules Pwdr (6) - 10213 Hershey Ch pf(f4)_ 47 . Holland Fur(al%) - 21 Hollander & Son(1) 31% Holly Sugar (72) Homestake (112) Houd-Her B (1115) 20 Household Fin (4) x » Houston Oil vte . Howe Sound (3) _ Hudson Motor _ Hupp Motors %4 Illinois Central Illinois Cent pf A_. % Indian Refin (al)-. Indus Rayon (2) Inland Steel (4) . Inspiration Cop - Inter Rap Tr vtc(d) Intercontl Rubber_.. Interlake Iron Intl Agricultural Intl Agricul pr pf_ Intl Bus Mach(16)_. 101 Intl Harvester(2%) 874 Intl Hydro E1 A _ 62 Intl Mercantile M_ 145 Intl Mining (a90c) 6214 Intl Nickel (b50c) 16% Intl Paper (A) 10% Intl Paper (B) Intl Paper (C). 4 Intl Paper pf Intt Print Ink (+2) 4 Intl Print Ink pf(6) Intl Ry C Am pf A Intl Salt (111) Intl Shoe (¥2) ___. 11‘. Intl Tel & Tel 291, Interstat Dp St b2 103% Inter Dept St pf(7)_ 19% Intertype Corp (1) 25% Island Creek (2) .. 134 Johns-Manv (13) 123 Jones&L 7% pf 1% - 20 Kans City South __. 2814 Kaufmann (11.60)_. 24 KayserJ & Co (2) 56% Kennecott (b50c) __. 17% Keystone S&W b30c 39% Kimberly Clark(1)_- 5% Kinney (G R) Co. 47% Kinney pf (a1) 11%,Kresge Dépt Stores. 25% Kresge S § (b30c) _ 22 Kroger Groc (11.60) 21 Laclede Gas (St L) 18'4 Lambert Co (2) 17 Leeslubber (50¢) 214 Lehigh Valley Coal. 17% Lehigh Valley R R_. 118 Lehman Corp (13) .. 18 Lehn & Fink(allz). 67% Libbey-O-F (b75¢) . 9% Libby McN & L(al) 100 Ligg & Myers (t4) . 100% Ligg & Myers B t4._. 59 Lima Locomotive . 43% Liquid Carb (2.60) . 64% Loew’s Inc (12)_ 2% Loft Inc 56 Lone Star Cmt b750. 61 Long Bell Lum(A). 38% Loose-Wiles (2) 107 Loose-Wiles pf(5)-. 22% Lorillard P (11.30)_ 189% Lorillard P pf (7)... 270 1008 3 308 4 2 xlllfll 14 29 108 2 1 208 g arnSen e Semne i B R e e a T an s e ] o358 18 4 22% 10s 21% 6 21% 3 38% 208 107% 7 2% 208 140 100% 100%; T T 20% 20% 81 21 12543 24y 53% 21% 9 © o o (e e 10215 1% 27 1081 53t 15 104 6% 1021, | 122 bt [t FERSER | + % + % 1% + % +4 - K + W +1% - % + % - % +1% % ~1% 3% 3% — % 107 -1 24% 24% - % 3884 140 + ¥ 5414 281 40% McGraw Elec ( 231 McGraw H P b27%c 38 MclIntyre Porcu(2) - 40% MaKeesp't Tin new_ 123% McKesson & Rob __ McKess & Rb pf(3)_ 4 McLellon St (b75¢) Mack Trucks (11) Macy (R H) (2) Madison Sq G (80¢) Mazma Copper (2) _ Manati Sugar (d) Manati Sug pt (d) - Mandell Bros (b1) . Man El md gtd (d) .. 4 Maracaibo Oil Exp_. Marine Mid (f40c)_. Market St Ry 4 Market St Ry pf____ 4 Market St Ry 2d pf- Market St Ry pr pf_ 4 Marshall Field_____ Martin-Parry_ Masonite (+1) Mathieson Alk(1%) May Dept St (3) . Maytag Co (a50c) - Maytag pf ww (3) . Mead Corp Mengel Co > Mengel 5% pf(21%). Merch&Min (+1.60) Mesta Mach (b13) Miami Copper Mid-Cont Pet al.15 Midld Stl Prod(t2) Midld Stl 15t pf(8) Minn-Hn R pf B(4) AMinn Moline Pow Minn Moline Pw pf Mission Corp (atic) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) Mohawk Carp(1.20) Monsanto Chm (+1) Montg Ward (72 Mother Ldeal2lc. Motor Prod (2) __. Motor Wheel(1.60)_ Museller Brass (+1)- Mullins B (a50¢) ___ Mullins pf (7) Murphy G C pf (7) Murray Corp(a50¢). Nash Kelv (1) Catl Acme (a73c) Natl Biscuit (1.60) Natl Bond & In 1.44 Natl Cash Reg (1) Natl Dept Strs pf Natl Distillers(12) w & Lt (60¢)_ tl Steel (12%) .- al Supply Co Nafl Tea (60c) atomas (t80c) Newport Ind(b50c) - N Y Air Brake bi0c_ NY Central __ NYChi&StL_ N Y Chi & St L pf « N Y Omnibus Corp_. N Y Investors (d) .- NYNH&H (d) - 4« NY NH & H pf (4) . N Y Ontario & W___ N Y Steam pf (6) _. N Y Steam 1st (7) . « North Am Aviation « North Am Co(b30c) 31 28% 170 Norwalk Ohio Oil (afc) - Oliver Farm Equip- Omnibus Corp vte - Oppenheim Collins Otis Elev (60c) Pac Am Fish (11.20) Pacific Coast 2d Pac Gas & Elec (2)- : Pac Lighting (3)-—- Pac Mills (b30c) Pac Tel & Tel (8) Pac West Oil(abic). « Packard Mot (b15¢c) Panhandle P& ? Panhandle P& pf-. Paratfine Co (b1) - Paramount Pic __ Paramnt 1st pf (6)_ Paramnt 2d pf 60c__ park Ctah i Parke Davis (b1) Parker Rust (¥132) Pathe Film Corp Patino Mines(760c) Peerless Corp By Penneyv JC) (4) __ Penn Coal & Coke Penn Dixie Cement_ Penn G1Sd ctasoc . % Penn Railroad (a2)- 493, Peoples Drug (1) 4815 Peoples Gas Chi 34 Pere Marquette - 174 Petr Corp Am a90c 11 Pfeiffer Brew(1.20). 505 Phelps Dodge b35c_. 10% Phila Rap Tr pf(d)- 1% Phila & Read C& I 711 Philip Morris(b3%) 4915 Phillips Petrol (2) - 16% Pierce Oilpf - 2812 Pilisbury Flour 1.60 131 Pitts Screw&B blse 243 Pitts Steel 103 Pitts Steel pf- 3% Pitts United . 3115 Pitts & W Va 1 Plymouth Oil (+1) . Porto R Am Tob A Porto R Am Tob B . + Postal Tel&C pf(d) 1, Pressed Steel Car tl 1st pf 25 a pf © S ® o et Ranudr-BoFe o NS E R o S o 215 13% 597 14 3% 84y 5814 20% 333y 20 43 M S = @ 2 8% 4704 27% 100% Pub Sve N J pf (; 611 Pullman Inc (1%)._. 193, Pure Oil 99 . Pure Oil 6% pf 108 Pure Oil8% pf_ 18% Purity Bak (60c) 10% Radio Corp 76'% Radio pf A (3%%) - 7% Radio-Keith-Or (d). 14% R R Sec I Cent 31% Raybestos M (1114) 93, Real Silk Hosiery _ Reis (Robt) 1st pf_. Reliable Str (a50c) - Rem-Rand (+60¢) - s Rem-R pf ww(413) Rensselaer & S(8) 1teo Motor Car Republic Steel Republic pr pf A(6) s Revere Copper Revere Copper(A) Revere Cop pf b1% Revere Cop pf 514 Revnolds Met (1) Reynolds Spr (1) Reynolds Tob B (3) Rutland R R pf Safeway Stores(t2) 9714 Safeway Strs pt(5)- 110 Safeway Strs p£(7)- 43% St Joseph Ld(b50c). 3 St L-San Fran (d)-- 6% St L-San Fr pf (d)-. 14% Savage Arm (al) __ 42, Schenley Dist(b766) 94% Schenley pf (5%) 941 110 9% 47 1100 100 50 T 40 4% 11% 2T% 51% 98Y% FARM PROSPECTS IMPROVE SHARPLY Rising Prices and Better Crop Out- look Expected to Add Mil- lions to Incomes. By the * nclated Press. CHICAGO, March 30.—Increasing prices and better growing conditions, grain traders said today, are adding millions of dollars daily to the value of the 1937 American wheat crop. With s billion dollar wheat harvest now considered & poulb;my, m said American farmers for time in many years wers favored by / 491, 49% 49% — W% 4 24% 95% 24% 4% + W 3% 81 =1 W © 23 cony. 34 141 27 9 {0 65 o O I o O . o o Square 40% Seaboard Ofl (1) Sears Roebuck (2)- 28 Servel Inc (1) 29 Sharon Stl (11.20) _ Shattuck F G (60c) - Sheaffer Pen(b11;) Shell Un Oil pf Silver King (b2 44, Simmons Co ( KU Simms Petrol _ Sperry Corp vte(al) Spicer Mfg (a3) __. 2 47% 9% +1% 300 - 39% + 12+ 18 1% 157 + 403 — 317 + 46% 90 30 'Li!' 27 108 Leading Issues Move Up Fractions to Two or More Points. 1034 + 541 27': Smith & Cor ctf. snider Pkg (b1%2) -Vac (b2ic) 4% South Am G & P (30¢ 4 South Port Sug(2) So Porto R S pf(8)._. So Cal Edison t14 1 4213 Southern Pacific.. 24 Southern Ry 47% Southern Ry pf. Spalding (A G) 2 61 35 408 27 25 11 3 1 11 208 D (B) b and Brands(180c) and C; 'om Tobac and Gas & El (d) and G Kh”nfld! and O Calif (11)_ and Oil Ind (t1) . Stand Oil Starrett L Sterling Prod 13.80. Stewart-Warn t50c. Stone & Web(a2ic) . tudebaker Corp - uperheater Co (1) I8 41 411y 68 19 6, J(t1) $1.40) - in + n + 4 1 4% Superior Oil 37 Superior Steel = Swift & Co (11.20) Swift Intl Ltd (2) _ Symington ww bl0c ymington xw bl0c_ Talcott (J) b30c Te 1aum«.ray.mwc‘ Texas Corp (2 Texas Gulf Praje Texas Gulf Sul (12) exas & I’ac IR ex Pac C&O bloc :Texas P | " (al0c) Thatcher Mfg (11) 2 The Fair Thermoid Co _ Third Avenue A Thompson J R Thompson Pr bioc Thompson Starrett 3 8 5 } s Thompson Star pf _ 2 Tide Wat A O (60c). Tide-Wat A O pf(6). Timken Detroit 11 _ Timken Roller B(3) Transamerica t40c_ Trans Wst Air a2sc Transue & W (160¢) Tri-Contl (a50c)___ Tri-Contl pf (6) Truax-Traer(b25c) - 20th Cent Fox b50c. 20th Cent F pf(13). Twin City R T Twin C 7a Twin Coach Und-Ell-Fisher ( ‘nion Bag & P “nion Carb (3.20) “nion Ol Calif (1) “nion Pacific (6) “nion Pacific pf(4). “nion Tnk Car 1.60 “td Aircraft(ajic) “td Air Lines a20c. Ttd Biscuit (1.60) Unit-Carr Fast(12). Utd Corp (a2 Utd Corp pt (3) Utd Drug (a7sc) Utd Elec Coal Utd Eng & Fy (2)_. Ttd Fruit (13) Utd Gas Imp (1) Utd G Imp pf (5)_ Utd Paperhoard U S & For'n Secur_ J S Freight (11) l S Gypsum (12) _ Hoffman s0c RTpfald (al.40) c) - Indus Alcohol ._ S Leather vte Leather(A)vte_ L'h'rprpf bl Pipe & Fdry(3) Realty & Imp _ Rubber 5 Smelting (b4) _ melt pf (3 teel ) Steel pf (T) 82 +4+ | ++ Unit Stk Yds (50¢) Utd Stores (A) Univ Pictures1stpf 315 Util Pw&Lt (A)(d). 13 1% Vadsco Sales Corp.. 7 e 29 11214 48 Vadsco Sales C pf_ 28Y% Vanadium Corp 3912 Van Raalte(b62%¢) 42} Vick Chemical (12)_ 1 7% Va-Car Chemical 541 Va-Car Chem 6% pf 3% Wabash (d) 9 Wabash pf (A)(d)_. 4 Walgreen Company Walgr'n Co pue‘,) Walker (H) (2) Walworth Co 108 = 9 171 78 11 To1 + iz w 10 .xfl! 1o 14 1 Ward Baking (B)__ 3 Warner Bros Pict 34 Warner-Quinlan (d) 9 Warren Bros (d) 24 War'n Br cv pf (d) 2 W arren Fdy&P (1) Waukesha Mot (1) Wesson O&S (150¢) West Penn El pf(6) West Penn E1 pf(7) ‘West Pa Pwr pf (7) Western Maryland - Western Pacific 4 Western Pacific pf. Westn Un Tel (3) __. Westingh'se AB(1)x 4 Westingh'se El (b1) Weston El Inst a85c 5 Weston Elec(A) (2). Westvaco Chlor (1) Wheeling Steel.___. 4 White Motor White Sewing Mach White Sew Mch pf__ 12314 11% 4%, 11% 831, 57% 1675 30% 3T 2T% 65 333 6% 461x 64 W ilcox 9138, son 308 708 108 11 12 108 + 5% R +1 +‘y A Oil & Gas & Co pf (6) - Woolworth (2.40) : 1091 46 945 132 94 261 Yellow 33 T 41% 102% 110% 110% 57% 60 4 4% + 9 M + % 256 25 48% 48% — % 98 98 401 1026 11:00 P.M. 1:00 PM. lulflons xl‘x steadily improving crop conditions without sacrificing ~rices. Ordinarily, market authorities said, one factor would offset the other:to some extent. But this year a grow- ing demand of importing European | nations has accompanied the increas- ing wheat crop supply prospect. Snows in the dust bowl and benefi- cial moisture in other sections of the | wheat belt have enlarged the poten- tial domestic crop, traders said. World wheat prices have risen much faster than domestic values, a favor- able condition for the re-entry of the United States into world export trade after four seasons as an importer. The price of wheat deliverable in July in Chicago has gained from $1.15 s bushel on the Pirst of March to $1.28% yesterday, an increase of 13% ts. Dividend rates as given in the above oash payments based on the Tatest GuARICrly or Thalfyenrly des t of tradin, not |ncludlnl eXLIas. ‘:"'l%lh.nlllloo ey ael“rewrud : Worthington Pump Worth Pump pf(A) 819 Wrigley W r (13) % Yale&Towne(i60c) Tr & Coach 2 Ygstn S&T (b7sc) Ygstn S&T pf (513) Zenith Radio (b1) _ T3 Zonite Products____ Approximate Sales of Stocks on the N. Y. Stock Exchange. e e 250,000 540,000 12:00 Noon.. 2:00 P.M 430,000 680,000 the snnual tAnnual r year. bPaid_ this year. ized. in recelvership or being reorgani BOSTON WOOL MARKET. BOSTON. March 30 (® (U. S. Dept A fair volume of business was ted in foreign wools at firm prices Spot domestic wools were slow, but Armly quoted Pre-sharing _contracts were firm at a | mimmum of $1, scoured basis. for bulk | fineterritory wool. Some houses asked | $1.05. though demand was poor at the | 81 ievel ter blood bright fleeces from Ohio. Michi- gen New York and Missouri were mostiy firm at 44-45 cents in the grease_delivered East when available, although demand was relatively auiet. METAL MARKET. NEW YORK. March 30 () .—Copper steady; electrolytic spot and future 16.25: export. 17.45. Tin weak; spot and pearby. 64,00; $3.25-50. Lead spot 25-7.05 i e muu '6.80-85. Zine » and future 5\--% :gum ny. ik ;' | satisfactory | ] Country packed three-eighths and auar- | Stock Averages 30 15 Indust. Ral, Net change. +.3 +.2 Today, noon 965 46.4 Prev. day... 962 462 Month ago. 995 43.7 Year ago_._ 829 35.6 1937 1016 495 1937 94.1 378 1936 99.3 435 1936 734 302 434 55.7 1932 175 8.7 239 169 1929 146.9 153.9 184.3 157.7 1927 516 953 61.8 618 UH st I 2 1.5 1.3 3.0 62.2 5.3 69.1 728 h 0 469 50.0 4717 540 46.8 53.7 low... (Complled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 30.—The Stock Market shook off some of its lethargy today and le t back on the recovery van for ga of fractions to two or more points Trading forces, although still some- what timid. seemed heartened by an- other batch of cheering earnin | statements and the belief settlement of the Chrysler labor controversy was imminent. In addition it was felt the list was entitled to at least a mod- erate comeback after its recent dila- | tory backslide. | While the issues got was far from commission bro- it was better than yesterday's smallest turnover for the past six months. Transfers were around 1= 000.000 shares. Steels, rails, rubbers, motors and coppers were in the forefront of plodding rally. Aircrafts were in rears and utilities anu oils incl to hang back. and rubber futures jump post-depression peaks on demand from abroa » pushed up in late de ted States Government dipped again and corporate bonds were none too well supported. the upward re volume to the kers, Prominent shares on versal included United States Ste | Bethlehem, Republic, Youngstown | Sheet & Tube, Chrysler. General Mo- | tors, Santa Fe, New York Central, Southern Pacific, Baltimore & Ohio, Southern Railway, Union Pacific, Goodyear, United States Rubber, Montgomery Ward, Sears-Roebuck, J. 1. Case, Deere, Western Union, United States Smelting, American Smelting, Anaconda, Kennecott, Westinghouse, General Electric, Du Pont, United Paperboard, Virginia Carolina Chem- ical, United States Industrial Alco- hol, Container Corp.. Great Northern Ore, Crown Zellerbach, International Paper & Power preferred and Barber Co. Homestake Mining was off about 7 points at one time, but cut this later. Boeing was a loser. A shade either way were Standard Oil of New Jer- sey, Texas Corp.. Consolidated Edison and Electric Power & Light Buying slackened a bit in the final period and extreme advances were re- duced in some instances. NEW YORK COTTON Bt the Associated Press. NEW YORK, March 30.—Cotton rallied sharply today as speculative interest turned to commodities with the reopening of foreign markets after the long Easter holiday. Active general buying developed in midafternoon to carry the market 3 the best levels for the year. July sold up from 14.11 to 14.52 and prices in midafternoon showed net gains of 25 to 47 points. Trade buying of nearby positions reflected fears additional loan cot- vould not be released after April 1. 0,30 high 1904 July z 141 October ~Z_7_"_ 94 13 December 13 | January = 1 Spot steady; middling. 15 Cottonseed Oil. Bleachable cottonseed oil futures closed steady. May, 11.13b; July, 11.22; September, 11.23b: October, | 11.04b. Sales, 114 contracts. b—Bid. INSURANCE STOCKS NEW YORK. March 30 Security Dealers” Associatio —New York 1 | Conn_Gen Life | Contin Cas (1. }Glen Falls (1.60) Globe & Rep (50) Globe & Rut Great ‘Amer (1a) Hanover (1 60) Hartford Fire (2) | Home Fire Sec | Home Tns (Ta) Homestead (1) + | Lincoln Fire Mass_Bon Natl Fire (2) Natl Liberty (20a) N Hampshire (1.60) | N Y Fire (X0a) | Nor River (452) Phoenix (2a) Prov Wash (1) St Paul Fire (f) (313) a—Also extra or extras g—Declared or paid so far this year Fidelity Fund, Inc. of Boston Prospectus on Request Wiliam W. Mackall, Jr. Investment Securities | 1002 Woodward Blds. District 8131 | i Unit;d Cigar Stores Co. of America All Issues Inquiries Invited . M. S. WIEN & CO. Established 1919 Members N. Y. Security Dealers 25 lrnd Stno! New York 397