Evening Star Newspaper, March 31, 1937, Page 16

A—16 Hkxkx MARCH CLEARINGS BEST SINCE 1323 D. C. Total at $114,782,918 Against $86,358,879 in 1936 Month. BY EDWARD C. STONE. That business in the Capital in March was the best of any March since 1929 was indicated today by the Wash- ington Clearing House Association’s monthly report on bank clearings. March clearings totaled $114,782,- 918.50, against $86,358,879.19 in March FINANCIAL. Prev 19: Stock and High. Low Dividend Rate. 80Y 633 Acme Steel (4) __ 15 Adams Exp (a55¢) 247% Adams Millis (b1) . 31% Addressograph (1)- 3 Advance Rumley 72% Air Reduction (11). 3% Air-Way Electric 14% Alaska Jun (160¢) % Alleghany Corp 43% Alleg pf ww $30_ Alleg pf ww $40_ Alleghany pf xw._ 4114 Alleg Corp pr pf 3613 Alleg Steel (b40c) . 225 Allied Chem (6) 26 Allied Mills (b50c) 16% Allied Stores (b20c) 81 Allied Strs pf (5) . 63Y% Allis-Chalm (b50¢) - 30% Alpha Port Cmt (1). 47 Amal Leather _ __ THE EVENING STAR, WASHINGTON, D. C, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:15 p.m. Bales— Add 00. High. Low. Close. chge. - 2508 110% By Private Wire nlrecl ln 'flu Star. Net Add 00 High, Low. Close. chge. 8% 21% T9% +1% 21% — % 26% + % 9% 37 21% e — 243‘& 245 26% [ Prev 1937 Stock and High. Low. Dividend Rate. 56 Cornw & Sou pf(3).-. 13% Conde Nast Pub__ 363 Congoleum-Nrn(2).- 17% Conn R & L pf 135 Consol Cigar 80 Consol Cigar pf (7). 39% Cons Edis N Y(12)_. 108 104 Cons Ed N Y pf(5) 5% 4% Cons Film 5 9% Cons Laundries.. 15% Cons Oil (80c) 7% Cons Textile (d) 814 Cons Coal(Del)vte. 33 Cons Coal Del vtc pf 20% Container Corp 1.20. 27% Contl Baking (A) .. 3 Contl Baking (B) 1027% Contl Baking pf(8) - 59% Contl Can (3) 20% Contl Diamond (2) .. 38% Contl Insur (11.60) - Net Hilh Low. Close. chge. 6 Y% 40% 105 3008 108 22 47 1 9 56% + 4 16% + Y% 42 + % 171 —% 14% — 85 +1% 40% + % 106 + % 4% 11% + % Prev 1937 High, 28% 49% 52 110 16% 36% 26% 29 136 123 Jones&L 7% pf 1%- 29 44% 35 19% 24% 2:16 p.m. 8tock and Sales— Dividend Rate, 0 45% Intl Shoe (12) . 31% Intl Silver__ 90 Intl Silver pf (a 11% Intl Tel & Tel __ 29% Interstat Dp St b2%4 19% Intertype Corp (1)_. 2514 Island Creek (2) . 3 508 62 7 1 2 10» 11 1 1l 2 147 17 20 KansCity South.__ 40 Kans City So pf(al) 28% Kaufmann (11.60) .. 15 Kelsey-H B (all;)-. 56% Kennecott (b50c) . _. 17% Keystone S&W b30c 89Y% Kimberly Clark(1) .. 5% Kinney (G R) Co__ 47% Kinney pf (a1) 25% Kresge S 8 (b30c) .. 40% Kress S H (1.60) . 22 Kroger Groc (11.60) 24 2 27 49 102 12% 12% 32% 31 20 20 28 2% 127 127 27% 26% 41y 41% 33 33 15% 15% 67% 65% 184% 42% 8% 8 25% Net Add 00. High, Low. Olose. chge. 2 27 3 45% 46% 45% +2% Prev High. 112% 23% 18% 12% 80 9% 3% 43% 13% 22% 29% 9% A% 110% 48% 96 135% 95% 30% 34% WEDNESDAY, MARCH 31, 1937. 1037 Stock and Low. Dividend Rate. 108 Pure Oil 8% pt. 18% Purity Bak (60c) - 16% Quaker State (80c) 10% Radio Corp__ 764 Radlopt A (3%) . 7% Radio-Keith-Or (d)_ 3114 Raybestos M (11%) 41% Reading 2d pf (2) 9% Real Silk Hoslery 18% Reliable Str (a50c) - Reliance Mfg Co 21% Rem-Rand (160¢) - 5 Reo Motor Car._ 27% Republic Steel 99 Republic pr pf A(6) 33% Revere Copper __ 71 Revere Copper(A)_. 128% Revere Cop pf b1% _ 9314 Revere Cop Df 5% 25% Revnolds Met (11) 247% Reynolds Spr (1) __ 11 1 79 5 36 2 1 p i 84 48% 4T% 47’:.- % FINANCIAL. 20% 16% 11% T6% 8% 32% 41% 10% 110% 20% 16% 11% 6 8 321 41% 10% 18% 34)3 24V % 45% Net 110% 20% + % 16% + % 11% 6% + 8, + 324 + ¥ 41% 10% — 18% — 35 24% — T — 45% — ¥ 110 + % +1 27 52 Steels, Motors and Rails Are Backward. Stock Averages i i e 476 727 472 124 50.1 74.1 T 478 47.7 454 Net change. -+.3 Today, noon 97.9 Prev. day-_ 97.6 Month ago- 100.8 STOCKS IRREGULAR - AT END OF SESSION Metals and Oils Climb. AR OGRS A Ao 2% Contl Motors._ 40 Contl Ofl Del (1)_ 26% Contl Steel (b50c) 637 Corn Ex Bank (3) __ 5% Corn Prod Ref (+3)_ 160 Corn Prod R pf (1) 6 Coty Inc - 46 CraneCo __ _ 311 Cream of Wheat(2). 21% Crosley Radioal 74Y% Crown Cork & S(2)_ 17 Crown Zellerbach _ 99 Crown Zell cv pf(5)_ 51 Crucible Steel 12% Cuba RRDf 10 Cuban-Am Sugar.. 127 110 Cuban-Am Sug pf- 43 89% Cudahy Pkg (23) 20% 17'% Curtis Publishing. 109% 100% Curtis Pub pf (7). 8% 614 Curtis Wright 23% 191 Curtis W(A) a50c 86 80 CushmanSpf3% 62 49 Cushman Sons pf_. 135% 104% Deere & Co 313 29 Deere & Co pf 1.40 29 22 Deisel-Wem-G(1)_ 58% 424 Delaware & Hudson 58 31% 86% 46 113 13 65 4% 11 27’-1 50% Reynolds Tob B (3). 24% Ritter Dental (11) . 72 Roan Antel (al.12) - 40 Safeway Stores(t2) 109% Safeway Str pf(6) - 110 Safeway Strs pf(7). 43% St Joseph Ld(b50c). 3 St L-San Fran (). 64 St L-San Fr pt (d) 14% Savage Arm (al) _ 4213 Schenley Dist(b75c) Schenley pf (5%) Schulte R Strs (d) Schulte R S pf (d) Scott Paper (1) Seaboard Air L (d) - Seaboard A L pf(d). Seaboard 011 (1) _ 714 Seagrave Corp of last year, and the highest figures since March, 1929, when clearings reached $131,795,928.93 Today's figures brought the total for the first three months of this year up to $307,537,372.96, against $251,370.- 95044 in the first quarter of 1936, a gain of §56.166,422.52 | Since 1929 Washington clearings | 104'2 have been through a big slump and | 0% 72 Am Chain & Cabl._. then turned definitely upward. In “}"‘4‘_\ S cHicl O 1930 March clearings totaled $114.113, B ot s 0eEE 696.73, slightly under today's figure. 28 Am Crystal Sug b2 In 1931 clearings here amounted to 81 Am Encaustic ... $112,443,159.34. In 1932 they dropped 74 Am & Foreign Pwr_. to $89,616,463.59 and in March, 1933, 461 Am & For Pw $6 pt_. tumbled to $32,644,947.37. In 1934 54 Am & For Pw $7 pf_ they turned upward to $62.209.874.10 20% Am& For Pw 21 Pt and in March 1935 got up to $74,112,- RS 669.72. Am Hide & L pf (3). Clearings in the first three months Am Home Pr 12.40__ of 1937 compare as follows, with the 213 Am Ice corresponding months in 1936 January -$100,562,083.88 $86,990,549.44 27% 21 Laclede Gas (St L)_ 18t Lambert Co (2) _ 17 Lee Rubber (50c) 38% Leh Port Cmt 1% 18% 13% Lehigh Val Coal pf_ 24% 17% Lehigh Valley R R.. 137 118 Lehman Corp (13) . 21% 18 Lehn & Fink(al3;)- 58% 49 Lerner Stores(t2)__ 79 67% Libbey-0-F (b75c)_ 15% 9% Libby McN & Li(al). 28% 25% Life Saver (11.60) 113% 100 Ligg & Myers (14)_ 114 100% Ligg & Myers B 4_ 23 21% Lily Tulip (11%) 831 59 Lima Locomotive 61 52 Link Belt (12)_ 537 43% Liquid Carb (2.60)_ 811 6412 Loew's Inc (12) 110 106'5 Loew’s Inc pf(6%) 3% 215 Loft Inc 5 5% 56 Lone Star Cmt b75c. 10% 6'% Long Bell Lum(A)- 43% 374 Loose-Wiles (2) 109% 107 Loose-Wiles pf(5) _ 288 22% Lorillard P (11.20) . 28% 19% Louis G&E pf A 99 8814 Louis & Nash b2 34% Amal Leath pt (3)_. 101 Amerada Corp (2) __ 83 Am Ag Chm Del bl_. 2812 Am Bank Note (11). 61% Am Bk Note pf (3) .. 617 Am Brake Sh (12) __ 1% Am Bra Sh rts Ap 15 105% Am Can (t4) 56 Am Car & Foundry. 23 Am Car & Fdry pf__. Year 1937 1937 1936 1936 1932 1929 1927 36.3 495 318 435 481 633 54.0 75.3 468 69.1 53.7 728 30.2 434 557 8.7 239 16.9 146.9 153.9 184.3 157.7 516 953 618 618 308 9 1 25% 25% 25% + 2 T9% 9% T9% 42 9 42% 41% 42% +1 208 110 110 110 308 110% 1105 110% + 60 4 24 27% 51% 26% + % 46% +1% 14% + % 21% — % 128% +3% 19 50 T0% 14 26% 102% 102% 22 T2% 5614 52 95 29% 29% + % 6 61 —1 63 64% +1% %M 1%+ % 108y 108% 621y 629 + 4 94 9415 +1 821 83% + % 102 102 21 21 297% 29% 124% 10% 47% 56% 30t 19% 105 541y 4T 2 29\4 10s 61 25 65 191 1% 20 109 6 62% 3 94, 6 83l 1 lfll 14% 22Y% 128% 19% 50 71 1% 121 128% 19 50 697 14% 14 268 26l 102% 102% 103 102% 22% 22% 3% T1% 56% 56 52 51% 80 78% 106% 106%5 3% =—if + % =G +1 — % + % + % +1 + % + % + % + % +1 9 2 low.-. 4813 98 2% + % + 8 +1 7 g 237 17 (Comptled by the Assoclated Press.) BY VICTOR EUBANK Associatea Press Financ.ai W NEW YORK, March 31.—Metals and oils rode rough-shod over profit- selling in today's stock market, but many steels, motors and rails lacked sufficient vigor to extend the sharp rally started yesterday Favored issues retained gains of fractions to 2 or more points at the close, although there was a sizable gs= sortment of losers of as much in evidence. er. 79'% 106% 34 kX 29 Sharon Stl (+1.20) 102 Sharon Stl pt (5) 10% Sharpe & Dohme _ 60 Sharp & Do pf(3%). 15% Shattuck F G (60c)_ 371 Sheaffer Pen(b1%)_ 267 Shell Un Ol (a25c) - 8214 8215 55 126% | 1++1 128Y% 34% 174 Am Ice pf (2) 13% Am Interntl (a40c)- Pebruary . 92,192.37 78,024,521 81 | o e March .__114,782918.50 86,358,879.19 | Holland Heads Committee. Appointment of T. Stanley Holland, trust officer, American Security & Trust Co., as chairman of the Trans- portation Com- mittee for the coming conven- tion of the Dis- trict Bankers As- sociation at White Sulphur Springs May 27-31, was announced today by Thomas J. Groom, acting president of the association. W. T. Van- doren, former national bank ex- aminer and now vice president and cashier of the Liberty National Bank, was named vice chairman. Other members of the committee announced today ude Clarence F. Burton, president, City Bank; J. Frank White president National Bank of Washington; James A. Soper, vice president and cashier Lincoln National Bank: William B. Willard, vice president National Sav- ings & Trust Co; C. F. Jacobsen, cashier National Metropolitan; Nelson B. O'Neal, assistant vice president Riggs National; Aubrey O. Dooley, assistant trust officer Hamilton Na- tional. T. Stanley Holland. While it is too early to forecast the attendance, it is now believed that this year's convention will be much larger than last year. If last year's mark 1s exceeded, the convention will be the largest since the depression. It is expected that around 250 mem- bers. Government officials and other guests will attend. Weather Cuts Gas Earnings. ‘The monthly report of the Washing- | ton Gas Light Co. filed today with the | Public Utilities Commission reflects the effect of the abnormally warm weather during February, this year. Operating revenues for this February ‘Wwere $748,311, compared with $842,517 for the same month last year, a de- erease of $94,206. However, operating expenses de- ereased $28.386 and the result of the | month's operation after all deductions Mach & F (11) . Mach & Met 60c Metals =< Power & Light_. Pw & Ltpf (5) . Pw & Lt pf (6)_. Radiator 160c _ Roll Mill 11.20_. Safty Raz (12)_ Seating (a215)._ Shipbldg (2) Smelt & Ref(3). Sm & Ref nf(6)_ Sm & Ref pf(7). Snuff (+3) Steel F' (b50c).. Stores (2) . Sugar (2) __ Sugar pf (7)__ Sum Tob (11)__ Tel & Tel (9) Tobacco (5) Tobacco B (5) . Type Founders_ Water W (80c)_ Woolen Woolen pt (b1)_ Writ Paper (d) _ Writ Pap pf (d) 6% Am Zinc & Lead 4412 Am Zine & Lipr pf __ % Anaconda Cop nl)_ Anchor Cap (60c) - Anchor Cap pf 6% _ Andes Copper__ A P W Paper _ 41 Archer-Dan-M(+2)_ 7 Armour(1ll) blsc 81% Armour (111)pr pf 6 5913 Armstrong Cork (2). 14 Arnold Cnst b621zc_ 19% Assoc Dry Goods _ 50% Am 24% Am 33 Am 31 Am 2314 Am 41 Am 154 6713 143 60 9% Asso Invest (12) 6913 Atch T & S Fe(a2 (1004 Atch T &S F pe(5) 44'x Atl Coast Line(al)_ 25 Atl Gulf & Wst Ind_ 37 At1G & W Ipf(a3)_ 3014 Atl Refining (1) 16% Atlas Corp (80c) 2814 Auburn Auto 7'x Austin Nichols 39% Austin Nich pf (f1)- 6% Aviation Corp Del__ 8 Baldwin Loco (d)__. 714 Baldwin asd (d) 881, Baldwin pf asd(d) 20% Baltimore & Ohio 3335 Baltimore & Oh pf 41 Bangor & Ar (233)_ 5 Bangor & A pf (5)_ & Barber Co (a75¢) Barker Bros pf 2% 2614 Barnsdall (1) 16% Bayuk Cigar 175¢ 25 Reatrice Cream t1_ 13 Belding Hemin (1) 25 Bendix Avia(b25c)_ 20% Beneficial L ba5c 56 Best& Co (12%%) - 73 Hethlehem (allg)-- \R\ Beth 5% ll\4 5 1301 110 FEEEss e 3 10614 143 17% 6615 & 22 16% 661 66 22 110 34 8 4315 1214 82 % 101 50% 241, 373, W T 1124 1121 1124 39% 381, 38% 4412 43% 43% 3 43% 43 43% w'm 1071 107% 395 40% 3214 164 251 2412 17% Del Lack & West __ 10% 7% Den & R G W pf(d). 7615 61 Devoe & Rey A(13)_ 3612 3014 Diamond Mth (b50c) 40' 36% Diamond Mpf(11%) 2415 Distil Corp Seag 90 Dist C S pf ww (5) . 20% Dixie Vortex(13;) 371 Doehler Die Cast(2) 45 Dome Mines (12) - 60% Douglas Alrcraft . 6% Dunhill Internatl__. 156 Du Pont (b75c) 11%; Eastern Roll Mills_.. 159 Eastman Kodak(6)._ Eaton Mfg (1 11% Eitington-Schild 2374 El Paso Nat G 1.60_. ’H“n Elec Auto Lit 12.40__ Slec Boat (a60c) ‘lec&\lusl (al8ec)- ilec Pow & Light .. }',lec Pw & Lt $7 pf Ing Public Serv £ Pb S $5 nf b3y Equitable Office B 2814 Evans Prod (11) 5 Exchange Buffet. \s Fairbanks Co Fairbanks Co pf 56 Fairb'ks-Morse ( “airbanks-M pf(6) 14 Fajardo Sug Co (b1) 22 Federal Lt & Trac .. 6615 Fed Min & Smelter_. 2105 Fed Min&Sm pf(7) 815 Federal Motor(40c). 513 Fed Screw Works. 4% Fed Water Sve A 361, Fed'd Dept Str(2) _ 40 Fidel Phoenix 11.60. 3238, Firestone T&R (2)_ 1031 Firestone pf A (6) . 461 First Natl Strs t2% 40 Flintkote Co (1) __. 34 Florsheim A (2) 6% Follansbee Bros(d). 4712 Food Machine (1) _ 116'2 Food Mach pf(4%) 541 43 Foster-Wheeler . _ 135 118 Foster-Wheeler pf_ 18% 12% Francisco Sugar __. 321 26% Freeport Sulph (1) Tla 4% Gabriel Co (A)__ 33 25% Gamewell Co 19': 15 Gar Wood (a55¢) 15'z 12 Gen Am Inv( B 861, 70% Gen Am Trans (a3). 15% Gen Baking (60c)_. 145 Gen Baking pf (8)_ 10% Gen Bronze 257 Gen Cable _ 54 Gen Cable (A) 12614 1144 Gen Cable pf (aT) 521 44 150 150 127% 9 9 5815 22 150 127% I 9 l’)fl +15 127% [ 9 L+++41 41% 122 1615 33% 29% Ludlum Steel (11) . 331 MacAndrew&F (12). MacAndrew pf (6) . 4 McCall Corp (12) ... lxu McCrory Stores 40% McGraw Elec (12) __ 23% McGraw H P b27%¢ 38 MclIntyre Porcu(z)_ 12% McKesson & Rob __ 45 McKess & Rb pf(3). 16% McLellon St (b75c) - 42% Mack Trucks (1) __ 5013 Macy (R H) (f2) __ 11% Madison Sq G(80c) - Magma Copper (2) Manati Sugar (d) Manati Sug pf (d)_. Mandel Bros (b1) Man El md gtd (d) Manhat Shirt (1) ... Maracaibo Oil Exp. Marine Mid (140c) . Market St Ry - 1408 Market St Ry 2d pf_ 408 Market St Ry pr pf_ 100s Marlin Rock (12) Marshall Field. Martin-Parry Masonite (1) Mathieson Alk(1%) Mathieson pf A (7)_ Maytag Co (al0¢)__ 5% Mead Corp Melville Shoe (15) . 10s Merch&Min (11.60)- Mesta Mach (b1%)_ Miami Copper Mid-Cont Pet al.15_ 4 Midld Stl Prod (2 2 Midld St 1st pf(8) Minn Moline Pow Mission Corp (a45c) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) Mohawk Carp(1.20) Monsanto Chm (+1)- Montg Ward (12) . 4 Mother Ldeal2lec_. Motor Prod (12) _. Motor Wheel(1.60)_ 41% Mueller Brass (t1)_. 31 Mullins B (a50¢) .- 91% Mullins pf (7) __ .n Murphy G C (2.60) _. 57 Murray Corp(as0c). S)i"- Myers (F E) (bl)__. Nash Kelv (1) Nashv Chat & St Li_. tl Acme (a75¢) - Natl Aviation (al)_. Natl Biscuit (1.60)_ Natl Cash Reg (1) - Natl Dairy Prd 1.20. atl Dept Stores .. s Natl Dept Strs pf . atl Distillers(12)- 130 31% 19% (i s N REAEY 58 4% 54% 105% 102 177 2 100 9 2124 Shell Un Oil pf 5% _. 12y lver King (b25c) - 44); Simmons Co (b30c) 312 Simms Petrol . 42 Skelly Oil mith & Cor clfs(l) 40% Smith (A O) £ 16% Socony-Vac (b25c) 4%, South Am G & P(30c 34 South Port Sug(i2) 141 So Rorto R S pf(8)_ 27 So Cal Edison 1% 4213 Southern Pacific 24 Southern Ry 47% Southern Ry pf_ 9 Spalding (A G) Spang Chal pf bl parks-Withing pear & Co (a50¢) - pencer Kell (1.60) perry Corp vte(al) picer pf A (3) -- 2214 Spiegel Inc (b25c) . 41'; Square D (B) bZic 147 Stand Brands(180c) Stand Brands pf(7) 8% Stand Com Tobac _. 8% Stand Gas & El (d) tand G&E $4 pf(d) Stand G&E $6 pf(d) 60 Stand G&E $7 pf(d) 4 Stand Oil Calif(11)- 44% Stand Oil Ind (11) - 67% Stand Oil N J (1) . 3413 Starrett L S(11.40) - 65 Sterling Prod 13.80. 17% Stewart-Warn f50c. 25% Stone & Web(a2ic). Studebaker Corp Sun Oil (11) uperheater Co (1) Superior Oil Superior Steel . Sutherland P 11.60_. Swift & Co (11.20) . Swift Intl Ltd (2) . Symington ww bl0c Symington xw bl0c. Telautograph (60c) - Tenn Corp (alsc) Texas Corp (2) Texas Gulf Prajse - Texas Gulf Sul (12) 2 Texas & Pac R R Tex Pac C&0 bl0c.. s Texas P L T (allc). Thatcher Mfg (71)—. 4 The Fair _ Thermoid Co . Third Avenue Thompson J R f50c- Thompson Pr b40c .. Thompson Starrett_ : Thompson Star pf - Tide Wat A O (60c). Tide-Wat A O pf(6) Timken Detroit 11 _ Timken Roller B(3) Transamerica t40c = Trans Wst Aira2sc. Tri-Contl (a50c) Truax-Traer(b25¢) - Truscon Steel 2 B4w 66 T 2 208 21 84 425 5614 100 102 A 1y 10v 1% 281, 56 64' | other decline | ernment securities Postponement of the Chrysler labor +1% | the whole were reactionary. 14 — 1 ity in the | appreciably were around 1,700,000 shares. commodi | shares tended to give board room sen< tinge, | any | Bros., | States Southern The market enjoyed its main activ morning after noon. Strength of so-called timent a slightly inflationary peace negotiations until Friday was a \ mildly retarding influence, as was an= in United States Gove Commodities on The pace slowed Transfers ty although there were still thoughts the administration may exceptional step in to “boom.” Bl halt ness and earnings statements inspired buy= | ing of individual stocks. Shares well ahead most of the day included Anaconda, Kennecott, | ican Smelting, Phelps Dod de Pasco, Slanddrd Oils of » sey, Cd] Oil, Oil, : phone, Western Edison, Loew Douglas A Foster Wheeler, Ot ternational Paper & Power pref In a restricted area were Rubber, Good, American, Electric Sears-Roebuck. North Light | General Electric and New o tral. Generally retreating were States Steel, Bethlehem General Motors, Chry s Southern Pacific, Great Nor Railway, Westinghouse Texas Gulf Sulphur The NEW YORK COTTON BY the Associated Press NEW YORK, Amer- United thern, and “blue chip” Homestake Mining dropped several points after its reeent ascension March 31.—Cotton * | was irregular today, with near months | cotton has been pla. at midafternoon but new crop reports from South Texas ed under pressure on hedge selling and ! liquidation, held relatively steady on cold weather where early positions July reacted from 14.56 to 14.38 and sold at 14.40, with prices 15 points net lower to 1 higher. Futures closed steads. 1 to 16 lower Hig 14 14 13 Close Gen Cigar (t4) 647 52Y Gen Electric (b40c 4414 39' Gen Foods (2) - 3% 213 Gen Gas & Elec(A) 6412 58 GenG&E 6% cv r\fA 657 60 Gen Mills (3) 3 124 117% Gen Mills pf (6) . 701 6014 Gen Motors(b25c) . 122% 116% Gen Motors pf (5) - 15% 125% Gen Outdoor Adv 60% 501 Gen Outdoor Adv A_ 19 17% Gen Print Ink new _ 5% 4% Gen Pub Service __. 65% 53 Gen Ry Signal (1) 117% 114 Gen Ry Signal pf(6) 5% 4% Gen Realty & Util - 487 39 GenRealty & Upf_. 70% 60% Gen Refract (a3%¢)- 88 7312 Gen Steel Cast pf . 33% 28 Gen Thea Eq(b25c)- 43% 37 Gen Time Inv(i1) - 20% 15% Gillette S Raz (11)_. 29% 20% Gimbel Bros__ 90Y% 83% Gimbel Bros pf(6) . 51t 43% Glidden Co (2) - 6% 5% Gobel (Adolf) 8% 6% Goebel Brew (120c). 31 Goodrich(BF) (al1)_ 791 Goodrich pf (5) . 27% Goodyear (b50c) 20th Cent Fox b50c . 20th Cent F pf(1%g)- Twin City R T TwinCR T pfald4 _ 1675 Twin Coach (al.40). 4% Ulen & Co 85% Und-Ell-Fisher (3) Union Bag & P (2) .. Union Carb (3.20) ion Oil Calif (1) ion Pacific (6) __ Union Pacific pf(4)- Union Tnk Car 1.60_ Utd Aircraft(asoc). Ttd Air Lines a20c.. 2613 Utd Biscuit (1.60) - 79~ Utd Carbon (4) 297 Unit-Carr Fast(12)- 615 Utd Corp (a20c) - 41% Utd Corp pf (3) 14% Utd Drug (a75¢c) 7% Utd Elec Coal 461 Utd Eng & Fy (12)_. 80%3 Utd Fruit (13) . 14 Utd Gas Imp (1) 6' Utd Paperboamd ___ 17 U S & For'n Seeur. 25% U S Freight (11) 17 U S Hoffman 37 U S Indus Alcohol. was & net income of $138.909, a de- crease of $69.432 from February of last year. The February earnings bring the net income of the first two months of the current year up to $264,948, compared with $363,585 a year ago. The company reports gas sales of 1.084 million cubic feet for February, 1937, compared with 1,226 million cubic feet last year. This diminution in volume clearly shows the effect of the 7-degree higher average tempera- ture this February. At the end of the month the company had 145,244 meters in service in the District of Columbia, a gain of 7,511 meters over February last year. Maryland Building Soars. Building in Maryland cities outside of Baltimore increased more than 400 per cent in February over the mark set in the same month a year ago, an Associated Press dispatch states. The 11% Natl Pw & Lt (60c) Natl Steel (1212) Natl Supply Co = Natl Supply pf a3% Natl Tea (60c) Natomas (180¢c) Newberry JJ 12.40 .. Newport Ind(b50c) - Y Central ___ YChi&StL - Y Chi & St L of N Y City Omnibus N Y Dockpf . __ NYNH&H (d) Y NH & H pf (d) Y Ontario & W Y Shipbuilding Y Steam pf (6) orfolk South (d)_ orf & Wst (b21)_. North Am Aviation. North Am Co(b30c). North Am Co pf (3)- % North Am Ed pf (6) Northern Cent (4)__ i Northern Pacific__ Norwalk Tire & R_. Norwalk Tire pf_ Ohio Oil (a60c) 223 Blaw Knox (b20c)._. 33% Boeing Airplane 41 Bohn Alum & B(3) 26'4 Borden Co (1.60) 72'% Borg-Warner (4) 81, Boston & Maine _ 16% Bridgept Brss(GOc. Briggs Mfg (12) Cottonseed Oil. Bleachable cottonseed oil futures closed steady. May, 11.18; July, 11.28; September, 11.30-31; October, 11.14. Sales, 288 contracts, including 88 switches. 90 905, +3 2010 =D 0 0 = 1 5] —EFwranE N owh New Orleans Prices. NEW ORLEAN prices opene today under o S 40 Bklyn-Man Tr (4)_.x 615 Bklyn & Queens 2815 Bkn & Q T pf (3 39% Bklyn Un Gas (3)_. 20% Brunswick-Balke. 19% Bucyrus-Erie _ 11% Budd (EG) Mfg. 75 Budd (EG) pf . 912 Budd Wheel(a20c 34% Bullard (b25e) 51 Bulova Watch (TI)_ 31 Burr Add M (80c) . 7% Bush Terminal (d)-. 27 Bush Term deb (d)- 1312 Butler Bros (b15¢) . 29% Butler pf (132) 42% 6 2814 397 22% 21% 117% 89% 10% 42% 54% 31% 8% 30 16% 34 39% 22% 21 11% 88% 10% 42 54% 31% 8% 30 16% 34 | January at 13 Liverpool cz B 26% 5313 100% 57h =1 8575 + & Most_official 14% + W increased acreage result but sev intentions pla much smaller tota d ol fu al; 10.78b. Ocvnbn S+ £+ ed steady. September | Federal Reserve Bank, in reporting the amount of building and its cost, said the number of building projects in- creased from 12 last year to 44 in Feb- ruary this year. The bank’s figures were taken from the number of building permits issued in Cumberland, Hagerstown, Frederick and Salisbury, the four Maryland eities covered by the report. The re- port did not assign any reason for the | increase, but observers pointed out | that the weather in February, 1937, was much milder than in the same month the previous Winter. The warmer weather, they said, would permit more | building to begin which otherwise | would have been delayed until Spring. In Baltimore, more than twice as many permits were issued in Febru- ary, 1937, as in the same month of the previous year, but the total cost of the building was considerably lower. The gain in the number of per- mits in smaller Maryland cities, of about 350 per cent, may be contrasted with a gain of only 45 per cent for the Federal Reserve district as a whole. This includes Maryland, West Virginla, Virginia, North Carolina and South Carolina. For the whole dis- trict, residential construction ac- counted for 40.3 per cent of the total, as compared with 37.4 the previous year, the dispatch said. Heard in Financial District. The San-Nap-Pak Manufacturing Co., Inc., paid an initial dividend of 10 cents a share on its common stock today. The regular quarterly divi- dend of 17!; cents on the preferred stock was also paid today. The numerous holders of this stock in Washington will be interested to know that the common has now gone on a dividend basis. The latest re- ports of the company show a sub- stantial increase in production and in earnings. American Security & Trust Co. stock sold in several small lots at 301% on the Washington Stock Ex- change today. Woodward & Lothrop preferred was again in demand at 120. In the bond division Capital Trac- tion 5s came' out at 92%, fractionally higher than the last previous sale. Two $1,000 bonds changed hands. The bid on Washington Railway & 5% Butte Cop & Z(a5c)- 27 Byers (AM) __ 27 Byron Jackson (11). 3914 Calif Packing (133)- 50 Calif Pkg pf (23%) - 23 Callahan Zinc-Lead. 15 Calumet&Hecla (1). 30% Campbell Wy (f1)_. 27 Canada Dry G Ale__ 14 Canadian Pacific __ 521 Cannon Mills(b50c) 8% 7 Carriers & Gen(bsc) 7612 138 Case(J I)Co (4) - - 8514 Caterpillar Tr (+2)- 263 Celanese (b75¢) 10614 Celanese pr pf A(7). 3614 Celotex Corp _ 33% Cent Aguire (11%)- 8% Central Foundry 35 Central RRofNJ 7 Cent Violeta Sug 67% Cerro de Pasco (4) 16% Certain-teed Prd __ 677 Certain-teed pf (6)- 35% Champ Paper (1) ___ 78% Chesapeake Crp(3)._ 57% Ches & Ohio 12.80 _. 97 Ches & Oh pf A (4)_. 2% Chi & East 111 (d) ._. 67 Chi & Est Il pf (d) - 2% Chi Grt West (d) 135 Chi Gt Wst pt (d) _ 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d). 3% Chi&NW (d) 23 Chi Pneumatic Tool. 214 Chi R 1 & Pac (d) _. 5% Chi RI&P 6% pf(d)- 6% Chi RI&P 7% pf(d). 18% Chicasha Cot Ofl 12% Childs Co 464 Chile Copper (1) 110% Chrysler (b1%) _ 187% City Ice & Fuel (2)_ 85 City Ico & F pf 6% 10% 9 City Stores 38% 3214 Clark Equip(£1.60)- 113 105 Clev ElIllu pf 4% 41% 35 Clev Graph Br (2) 98% 78 Cluett Peabody (3)- 130% 126 Cluett Peab pf (7) 165% 122% Coca-Cola (t2) _ 57% 57 Coca-Cola A (3) 25% 19% Colgate-P-P(150c). 10415 102% Colgate-P-P pf (6)— 62% 5414 Collins & Alk (12) __ 112% 108% Collins & Aik pf(5)— 37 26 Colonial Beacon ___ 51% 43 Col Fuel & Iron(bl. 20% 15% Colum G & E a40c_ 108 97% Col G & Epf A (6)-- 3916 32% Columbia Pic (11) 46% 41% Col Pic cv pf (2%)-. 124% 112% Col Carb vtc (14) - 69% 567 Comel Credit (14)_. 80% 66% Comcl Inv T (14). 120 104 ComclInv T pf4%... Electric common stock was advanced from 1725 to 730 a shlr:i ) 21% 18 Comecl Solv (160¢c)... 4% 3 Comw & Southern.. 1\ 50 Cap Adm pf (A)(3)- 1008 T% 29% 31% 40 50% 5% 1% 33 335% 15% 53 50% 5 8 8 2 168'% 158 158 2 94% 94 94 84 33% 33% 33% 1 108% 108% 108% 41% 42 3415 36 10% 10% 34 34 18% 18% ™ 29Y% 31% 40 50% 54 17% 33 33% 94 5 3 24 25 1 I+ 53 50% - 9 28 3 9 27 16 508 6 1 29% 3% ™ % 8% 8% + 18% 18% 13% 13% 72 92 -3 22 126% 124% 124'/0 —1% 4 20 19% 30s 89 89 6 9% 8% 6 35 3d4% 30s 108% 108% 1 38% 384 2 90% 90% 10s 129 119 9167 165 1 58 58 84 26% 24% 2103 102% 2 56% 56 408 108% lgSVs 108‘/: 508 36 6 45% 45 45% - % 73 16 15% 15% 2 98% 98 98 2 34 335 34 +1% 3 424 42% 4% + Y% 9 125% 123% 1256 +2 9 60% 60% 60% + % 8 68% 68% 68% — % 1 106% 106% 106% + % 28 18% 184 18% 50 3% 3 8 100 Goodyear cu pf(5)-. 10% Gotham Silk Hose 92 Gotham S H pf (7). 3 Graham-Paige 6% Granby Cons (new). 3% Grand Union ctfs __ 21% Grand Union pf(b1) 38% Granite City St1(1)- 40% Grt Northern pf__ 19 Grt Northn Ore (1) 42% 35 Grt West Sug 12.40_ 145% 139 Grt Wst Sug pf(7)_. 391, 34 Green HL (11.60)_ 167 14% Greyhound (180c) _. 11% 11 Greyhound pf(55c). 4% 3 Guantanamo Sug.. 59 40 ‘Guantanamo pf_ 17% 13 Gulf Mobile & N___. 108 55% Gulf States Steel___ 36 32% Hack W pf A (1%). 205% 18% Hall W F Print . 31 27 Hamilton Wth b25c. 108 105% Hamilton W pf (6) 105 101% Hanna (MA) pf(5)_ 5814 50% Harb-Walker (12)_. 106% 103% Hat pf ww (6%) . 8 5% Hayes Body - = 15% 13% Hecker Prod (60c) . 39% 31% Hercules Motor (t1) 67% 60 Hershey Choc (13)_. 111 102% Hershey Ch pf(i4)_ 52% 47 Holland Fur(al)- 120% 106 Holland Fur pf(5) _. 30% 21 Hollander & Son(1). 43% 31% Holly Sugar (12) .. 431 355 Homestake (112) _. 37 Houd-Hersh A(2%) 221 Houd-Her B (113)_ 57% Household Fin (4)_. 124 Houston Oil vt - 62% Howe Sound (13) 4 Hudson & Manhat__ 18% Hudson Motor 2 Hupp Motors 221 Ilinois Centra 65 11l Cent1sIn (4) 12% Indian Refin (a1) 41 27% 3 17% 90% 5% 23% 2% 38 72 22% 40% 36% Indus Rayon (2) 144 130% Ingersoll Rand(t2). 131% 112% Inland Steel (4) - 33% 22% InspirationCop __ 6 5% Ins Sh Md ct (a20c). 13% 10% Inter iap Tr vte(d) 11% 4% Intercontl Rubber._. 28% 16% Interlake Iron ' _. 8% b5 Intl Agricultural 69% 42 Intl Agricul prpf 189 164 Intl Bus Mach(t6)_. 111% 101 Intl Harvester(2%) 1 8% Intl Hydro E1 A _ 6% Intl Mercantile M. 14% Intl Mining (a80¢c)... 62% Intl Nickel (b50c)-— 16% Intl Paper (A) 10% Intl Paper (B) cceee 5% Intl Paper (C) 90% Intl Paper pf 41 Intl Print Ink (t2) 8 Intl Ry Cent Am.. 24% 42 52% 27% 37 120- 140 10s 106 408 103% 6 54% 6508 105 1 6% 33 13% 1 32u 1 60% 5 106% 6 48Y% 208 107 6 29% 1314 32 60% 106 48 107 29% 34% 180- 615 (00 37% 3 23% 1 62 32 16% 18 87% 2 4% 35 22 15 2 31 35% 108 66% 17 19% 11 39% 3% 23% 62 15 85 4% 21% 1% 34% 66% 18 391 * % | 32% +1 60% + % 106% + % 48 107 29% + % 34U + % 408 —15 3% + % 23% — % 62 -1 15 87% +3% 4% + % 2;‘/: = 34% — % 66% 18% +l‘/n 39% + 3 136% 135% 135% + 11 119% 49 31 14 104% 66 14% 13% 15% T0% 23% 1% 8% 92 117T% 1 53% % 118 30 103% 18% 123 15 ° 6914 22 16% 8 115% 53% ™% % —-1% 119% + 30% + 8 117% +2% 53% +1 Oliver Farm Equip- Omnibus Corp vte - Oppenheim Collins._. Otis Elev (60c) .- 4 Otis Steel ___ Otis Stl cv pf (5";)4 Outlet Co (3) 19% Pac Am Fish (11.20) 1114 Pacific Coast 26Y% Pac Finance (t1. 80)- 31% Pac Gas & Elec (2)- 431 Pac Lighting (3) 34% Pac Mills (b50c) - 152 143% Pac Tel & Tel (8) 29 12% 41 90 28% 2003 161 26% 8% 44% 29% 22% Pac West Oil(a65c). 10% Packard Mot (blsc) 2% Panhandle P& R 76 Paraffine Co (bl) 22% Paramount Pic Paramnt 1st pf (6)- 4 Paramnt 2d pf 60¢-_. Ah Park Utah __ 38 Parke Davis (b1) 247 Parker Rust (1132)- 5% Parmelee Trans 8% Pathe Film Corp 1414 Patino Mines(160¢c). 3% Peerless Corp_ - 55 Penick & Ford(13) 97 Penney J C) (4) 22 Penn Gl Sd ctab0c_ 7% Penn Dixie Cement_ 39% Penn Railroad (a2)- 49% Peoples Drug (11)-. 4815 Peoples Gas Chi_ 34 Pere Marquette. 85 Pere Marq pf- 17Y% Petr Corp Am a90c_. 11 Pfeiffer Brew(1.20). 50% Phelps Dodge b3sc_ 52 Phila Co 6% pf (3)_x 5% Phila Rap Tr (d) - 10% Phila Rap Tr pf(d)- 1% Phila & Read C& I 71% Philip Morris(b3%) 49% Phillips Petrol (2).. 614 Phoenix Hosiery. 16% Pierce Ofl pf 2814 Pillsbury Flour 1.60 50 Pirelli (A) (a3.13) - 14% Pittsburgh Coal 1314 Pitts Screw&B bibc. 24% Pitts Steel 108 408 3 1 32 122 103 Pitts Steel pf. 65% 1181 114% Proc & Gamb pf(5) - 52% 43 PubSveNJ (2.60).. 2% 24% 107 3% Pitts United 811 Pitts & W Va__ 24Y% Plymouth Oil (t 187% Pond Creek Poc (2)- 25% Poor & Co (B) 2% Porto R Am Tob B. 10% Postal Tel&C pf(d)- 25Y% Pressed Steel Car .. 67 PressStl2dpf2% 2 55% Proctor & Gam(12). 15 20e 8 14 57 1 61% Pullman Inc (1%) 19% Pure Ofl______ 99 Pure Oil 6% Pfoce—- [ 45% 621 21% 20% 103 103 6% 52% —2% 9% + %% 26 10 +% A7%+‘/~ 53‘/. + % 47 +1 45% + % 627 + % 21% + % 103 + % S ’ 11% % 1% 83% 57% 167% 30% 34% 65 33% 6% 12% 65% 47, 1127 100 6 # not lnclumm extras. B Eviaen 6% U S Leather vtc 13% 7J S Leather (A)vtc. 6013 U S Pipe & Fdry(3)- 13% U S Realty & Imp.__. 44% U S Rubber 92'3 U S Rubber 1st pf__. 83% U S Smelting (b4) - 75 U S Steel 139% U S Steel pf (7 7 Unit Stk Yds (50c) - 6% Utd Stores (A) = 152 Univ Leaf T pf (8)_. 3% Util Pw&Lt (A)(d). 1% Vadsco Sales Corp.. 48 Vadsco Sales C pf. 28% Vanadium Corp 39’3 Van Raalte(b623s¢c) 73 Va-Car Chemical 5414 Va-Car Chem 6% pf 8% Va Iron Coal&Coke 26 Va Iron C & C pf 3% Wabash (d) . __. 9 Wabash pf (A)(d) 7% Wabash pf (B)(d) - 15% Waldorf Sys($1.20) 29 Walgreen Company . 45% Walker (H) (2) - 11% Walworth Co 42 Ward Baking (A) 6% Ward Baking (B) 13% Warner Bros Pict. 61 Warner Bros Pic pf. 1 Warner-Quinlan(d) 6% Warren Bros (d) _. 24 War'nBrevpf (d). 35% Warren Fady&P(11) 31 Waukesha Mot (1) 46 Wesson O&S (150c) 103 West Penn EI pf(7) 87 Western Maryland_ 2% Western Pacific T% Western Pacific pf_. 70% Westn Un Tel (3) _. 48% Westingh’se A B(1) 136% Westingh’se El (b1) 26 Weston El Inst a85c 311 Westvaco 5%pf 114 38 Wheeling Steel - 23% White Motor 4% Wilcox Oil & Ga: 8% Wilson & Co (50c) 51% Woolworth (2.40) _ 34% Worthington Pump. 81 Worth Pump pf(A). 77% Worth Pump pf(B)- 68% Wrigley W Ir (13) 49% Yale&Towne(160c)- 20% Yellow Tr & Coach... 40 Young Spr&W(13). 75% Ygstn S&T (b75¢) 33 Zenith Radio (bl) 7% Zonite Products 480.000 s Unit aPaid last g roPorted ~ 9 208 18 190s - 3208 10 8 ~ 1308 2 4 6 107 2 57 104 1 16 92 T 2 10 12 2 5 7 11 17 3 1 10 16 3 12 18 15% 62 1 10% 29% 43 343 54% 308 105% 10% 4% 10% T4 515 5l0! 112% 7 95 T0% ing less than 100 shar 28‘ 33%% 531 104% 10% lu‘a 110 94% 0% 53 32% 41% 947 34% T4 1073% —11% 100 121% —1% 145% +1% 46% 4% 9% + % 15 + % 62 +1 1 10% +1 29% +2 43 34 +1% 5314 — % 105 +1 10% — % ]4‘3‘: -1% 26 - % 3% + % 5% + % 10% — % 55 +1 39% + 14 110% +1% 9% -1 T0% + % Approximate Sales of Stocks on the N. Y. Stock Exchange. .12:00 Noon . . 870,000 300,000 8l rate— mu year. es. eIy phid. in rcg{lurlhln or b!uu reorganized. 77 leading cities paper advertising cities totaled 217,131,524 lines, pared with 200,111,011 lines in the comparable period of last year. 8.5 per cent gain is the largest per cent of gain shown by the cumulative totals this year. lines last year. 2,667,206 lines, or 12.9 per cent. ;Advertlsing Total Up 12.9 Per Cent Over 1936 Levels Special Dispatch to The Star. CHICAGO, March 31.—Advertising placed in newspapers by retailers in this year through March 20, is 17.020,513 lines greater than during the corresponding period of 1936, Advertising Age, national ad- vertising newspaper, reported today. In the reported period, retail news- in the measured com- This For the week ended March 20, news- This is an Foundation Credit Co. il 3% Preferred. $10 par units | Emlron: Price, $12.50 per unn Sold only on prospectus, which may be obtained by request from— Allied Underwriters, Inc. Shoreham Bldg., Wlsbin[!on, D. C. Natl. 1121 papers in the reporting cities carried a total of 23,419,173 advertising, compared with 20,751,967 in the corresponding week of increase of lines of retail Fund Prospectus on Request A. S. GovLpeN & Co,, INc. Woodward Bldg. NA. 2000