Evening Star Newspaper, April 1, 1937, Page 20

A—20 kxxx FINANCIAL D. C., THURS DAY APRIL 1937 ) 1 FINANCIAL.® :—————-——————-——————-————————‘—'——‘_—-'—'—‘”——_————_ PARTNERSADDED ITRANSACTIONS ON THE NEW YORK STOCK EXCHANGE BY HIBBS & CO. James C. Elgin, J. Carl Perry and Paul P. Rodler Taken Into Firm. BY EDWARD C. STONE. James C. Elgin, J. Carl Perry and Paul P. Rodler, who have been in the employ of W. B. Hibbs & Co. for many years, were admitted to part- nership in the brokerage firm today, 4t was announced in the financial dis- trict. All three new members are native Washing- tonians, and each has spent practi- cally his entire business career with this firm J. Carl Perry | went to work| there in 1902, 35 | years ago, and has for years been head bookkeeper. He was educated in the public schools of Wash- ington and re- sides at 5411 Thirty-ninth street. James C. Elgin, chief auditor of the | firm, became an employe 20 years ego, after attending public schools of nearby Virginia and graduating from Draughon’s Business College. He has been actively connected with the auditors’ sec- " tion of the Dis- trict of Columbia Bankers' Associa- tion since its or- ganization. His home is in Mec- Lean, Va. Paul P. Rodler went to Hibbs in ¢ 1916 and joins the firm after long service as its cashier. Edu- cated at Gonzaga College and the J. Carl Perry. James C. Elgin. [ School, Rodler is a member of the ‘Washington Stock Exchange. He lives at 1344 Shepherd street northeast. The brokerage house was organized 80 years ago by the late W. B. Hibbs, the offices Jeing at 1419 F street. In 1907 the firm helped establish Wash- ington’s financial district on Fifteenth street when it erected an office build- ing on that street between New York avenue and H street. The firm is a | member of the New York Stock Ex- change, Curb Exchange, Washington, Boston, Philadelphia Stock Exchanges, Chicago Board of Trade and New York Cotton Exchange.. It is one of the | few large firms in:the country serving & local community exclusively, in that 4t has no out-of-town branches. With today’s additions, the firm now has five partners. W. W. Spaid, the present senior member, became a part- per in 1912, after long service as an employe. A for- mer president of the District Bankers' Associ- ation, he was ad- mitted to the Dis- trict bar in 1907. He is a member of the New York Stock, Curb and | ™ Cotton Ex- changes, Chicago | Board of Trade | and Washington Exchange and others. For sev- | » eral years he has | served as presi- dent of the Associated Stock Ex- | changes, an organization made up of | all stock exchanges throughout the country. In addition he has been for | years vice president of the Associa- tion of New York Stock Exchange | Firms. J. Thilman Hendrick, the other | member of the firm, became a partner in 1928. He is also chairman of the board of the Lanston Monotype Ma- chine Co. of Philadelphia, and has been a member of the Washington | Stock Exchange for more than 30| years. Born in Tennessee, Mr. Hen- | drick has resided in Washington since | he was a young man and was presi- | dent of the Board of Commissioners | of the District of Columbia during | the second administration of Wood- row Wilson. For many years the late Karl W. | Corby was an active member of the | same firm. Barney & Co. Adds Partners. Frank P. Morse, associated with the ‘Washington office of Charles D. Bar- ney & Co., announced today that Phillip W. Brown, Ogden Phipps and | William Fenton Johnston have been | admitted as general partners in the | New York Stock Exchange firm. All | three have been with the firm for a | number of years. Mr. Brown, head of the trading department, is one of four men who joined the firm in 1920, all of whom later became part- ners in the concern. M Jjoined the firm in 1932 and Mr ston, who is head of the s department, in April, 1933, C. Redington Barrett, general part- ner, and Alan L. Corey, limited part- ner, have retired from the firm as or March 31. Construction Contracts Jump. Contracts awarded for construction work in the fifth Reserve district, in- cluding Washington, in February to- | taled $22,103,400, an increase of 67.1! per cent over February, 1936, the! Richmond Reserve Bank reported to | the Associated Press today. The con- tracts awarded in February, 1936, amounted to $13,227,031. i Building permits issued in 31 cities of the district totaled 2,101 in Feb- ruary, an increase of 45.1 per cent, in comparison with 1,448 permits issued in the corresponding month last year. Total valuation figures, amounting to $7,127,198 last month, showed a gomi of 12.7 per cent over valuation figures | for permits issued in February, 1936, totaling $6,326,557. Twenty-five of the 31 cities reported higher valuation figures for February, and, but for a decline of 29 per cent in Baltimore, the district average in- | crease would have been materially higher, the report said Heard in Financial District. The Washington Stock Exchange has just published a directory giving the complete membership of the ex- | change and the names of the firms with which they are connected, also the present officers. It is the first directory printed in & long time and s a most attractive booklet. ity & Suburban 5s recorded a $1,000 transfer at 83, another at 82 and an- other at 817 on the Washington Stock Exchange today. Capital Transit 5s again sold at 92'5. Merganthaler Linotype sold in Bos- ton yesterday at 47)2. The closing price on the Washington Exchange today was 4714 bid and 50 asked. No | i Pre Higl 55 80y 22%, 28% 36 4% 80 I3 15% 101! 83 419 261 567 187 99% 201 291 14% 9 183% 70%: 16% 245 879 104 b5t 29 37 By Private Wire Direct to The Star. 2: lbblm v 1037 8tock and h.Low. Dividend Rne. 50% Abbott Lab (11.60) - 63% Acme Steel (4) 15 Adams Exp (ab5c)_. 247 Adams Millis (b1) . 31% Addressograph (1)_ 3 Advance Rumley___ 71% Air Reduction (1)._. 3% Air-Way Electric. 14% Alaska Jun (t60c) 3% Alleghany Corp.. 4315 Alleg pf ww $30. 43% Alleg pf ww $40 43 Alleghany pf xw. 4112 Alleg Corp pr pf 13 Alleg Steel (b40c) Allied Chem (6) ___ 26 Allied Mills (b50c) _ 1614 Allied Stores (b20c) 81 Allied Strs pf (5) _. 633 Allis-Chalm (b50c) - 47y Amal Leather _ _ 101 Amerada Corp (2) Am Ag Chm Del b1_. 281; Am Bank Note (t1)- 617 Am Brake Sh (12) 1% Am Bra Sh rts Ap 15 Am Brake Sh pf 6% 5% Am Can (f4) 153% Am Can pf (7). Am Car & Foun % Am Car & Fdry nt Am Chain & Ca bl. Am Chicle (t4) Am Colortype Am Comcl Al a50c. Am Crystal Sug b2 Am Crys S 1st pf 6 Am Encaustic Am & Foreign Pwr_. Am & For Pw §$6 pf_ Am & For Pw §7 pf_ Am & For Pw 2d pf_ Am Hawaiian (1) 612 Am Hide & Leather. 371, Am Hide & L pf (3)_ 462 Am Home Pr 12.40 212 Am lce 17% Am Ice pf (2) 13% Am Interntl (a40c)_ 43 Am Locomotive 22% Am Mach & F (t1) 11's Am Mach & Met 60c. 50% Am Metals 117 Am Power & Light._. Am Pw & Lt pf (5)-. 66 Am Pw & Lt pf (6)_. 24% Am Radiator 160c._ 33% Am Roll Mill $1.20_. 31 Am Safty Raz (12).. 2314 Am Seating (a2)_ 884 Am Smelt & Ref(3). 105 Am Sm & Ref pf(6). 143 Am Sm & Ref pf(7)_ 574 Am Steel F (b50c) 110 Am Steel F pf (7)__. 21% Am Stores (2) _ 475% Am Sugar (2) 16814 Am Tel & Tel (9) . 7815 Am Tobacco (5) 80% Am Tobacco B (5) 16% Am Type Founders_ 22 Am Water W (80c) - 9% Am Woolen = 64 Am Woolen pf (bl). 1 Am Writ Paper (d) _ 5% Am Writ Pap pf (d) 6% Am Zinc & Lead . 521% Anaconda Cop (t1) 84 Anaconda Wire (12) 18 Anchor Cap (60c)_. 29 Andes Copper 513 AP W Paper .___ 41 Archer-Dan-M(12). 7 Armour(Ill) blsc _ 5913 Armstrong Cork(2) 14 Arnold Cnst b623zc. 19% Assoc Dry Goods _ 691 Atch T & S Fe(a2)_. 100% Atch T & S F pf(5) - 4414 Atl Coast Line(al) - 2415 Atl Gulf & Wst Ind_ 3014 Atl Refining (11)_ 111 Atl Refin pf (4) 16% Atlas Corp (80c) 501, Atlas Corp pf (3)_ 724 Atlas Pwdr (b75¢) .. 284 Auburn Auto 5 71 Austin Nichols . 39% Austin Nich pf (11). 6% Aviation Corp Del__ § Baldwin Loco (d) 7% Baldwin asd (d) .. 20% Baltimore & Ohio 33% Baltimore & Oh pf_. 2105 Bangor & A pf (5) 38% 174 611 18l 8% 17 17613 138 | 129% 1'\0 110% Chrysler (b11%;) 105 357 Barber Co (a75¢) . 38 Barker Brospf 2% _. 26'% Barnsdall (1) 16% Bayuk Cigar t75c .. 25 Beatrice Cream f1_. 13 Belding Hemin (1) 25 Bendix Avia(b25¢)_ 203 Beneficial L bi5c 73 Bethlehem (al%) 56 Bigelow-San b50c__. 30 Black & Deck b50c_. 22% Blaw Knox (b20c)_- 33% Boeing Airplane __. 41 Bohn Alum & B(3)_. 26% Borden Co (1.60) _ 724 Borg-Warner (4) _ 8% Boston & Maine 3% Botany Mines A(d) .- 163 Bridgept Bras(60c_. 45% Briggs Mfg (12) 7 Briggs & Strat (3) .. 41% Bristol-Myrs 12.40_. 40 Bklyn-Man Tr (4).. 5% Bklyn & Queens _.. 28 Bkn& QT pf (3)_ 39% Bklyn Un Gas (3). 20% Brunswick-Balke. 19's Bucyrus-Erie __ 11% Budd (EG) Mfg 912 Budd Wheel(a20c) - 34% Bullard (b25c) 51 Bulova Watch (14)_ 31 Burr Add M (80c) .. 7% Bush Terminal (d) . 13 Butler Bros (bl5c) - 29% Butler pf (1%) = 5% Butte Cop & Z(a5c) - 27 Byers (AM) 27 Byron Jackson (1). 39% Calif Packing (1%). 2% Callahan Zinc-Lead 15 Calumet&Hecla (1) 30% Campbell Wy (11)_. 27' Canada Dry G Ale__ 14 Canadian Pacific 5214 Cannon Mills(b50c) 15 Cap Adm (A)(al) Carriers & Gen(bic) Case(J I)Co (4) . 116 Case(J I)Co pf(7) . 851 Caterpillar Tr (12) 5 Celanese (b75¢) ‘elanese pr pf A(7) 5 44 elotex Corp 3314 Cent Aguire (11%%)_ u. Central Foundry 34 Central RROfNJ_ 17 Cent Violeta Sug 674 Cerro de Pasco (4) . 167 Certain-teed Prd . » Certain-teed pf (6) z Champ Paper (1) 9~ Champ Paper pf(6) . % Chesapeake Crp(3) Ches & Ohio t2.80 _. i Ches & Oh pf A (4) 2% Chi & East 111 (d) _. 67x Chi & Est 111 pf (d) - 2% Chi Grt West (d) 3% Chi Gt Wst pf (d) . % Chi Mail Ord t1% Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d) 313 Chi & N W (d) 3 Chi Pneumatic Tool 617 Chi Pn T pf b87 %e . 204 Chi R | & Pac (d) 5% Chi RI&P 6% pf(d). 6% Chi RI&P 7% pf(d) 21% Chi Yellow Cab (2). 1813 Chicasha Cot Ol 12! Childs Co 1874 City Ice & Fuel (2) - 8%, City Stores 215 Clark Equip(11.60)_ Clev El [1lu pf 4% . Clev Graph Br (2) . 126 Cluett Peab pf (7). 1221 Coca-Cola (12) - 19' Colgate-P-P(150c)_ 5415 Collins & Atk (12) 108 Collins & Afk pf(5) - 43 Col Fuel & Iron(bl) 21 Colo & Southern 24 Colo & South 1st pf_ 15% Colum G & E a40¢c _ 97% Col G& Epf A (6) - 32% Columbia Pic (11)-- 125% 112Y% Col Carb vtc (14) __ 69% 114 B0% 120 21% 4% 755 19% 454 49% 108 5% 18% 134 17% 567 Comcl Credit (14) _ 100 Comcl Cred pf (4%) 66% Comel Inv T (t4) . 104 ComclInv T pfd¥% . 18 Comcl Solv (160c) - 3 Comw & Southern._. 56 Comw & Sou pf(3)_. 13% Conde Nast Pub 36% Congoleum-Nrn(2)_ 39% Cons Edis N Y(12).. 104% Cons EA N Y pf(5) 4% Cons Film .- 15 Cons Film pf (a2).. 9% Cons Laundries. ... 16% Cons Ofl (808) cammm- A b 2(|- lnm 2 34% 112 178 Net Add 0, High, xav cma chge. 2 51 501 — % % —% + % kel G L R R e R 2 | 115% 6578 124 s 108 2:15 p.m. Sales— Add 00. High. 2 Y Stock and Dividend Rate. Prev 1937 1% 7% Cons Textile (d) 12% 81 Cons Coal(Del)vtc_. 15 51 33 Cons Coal Del vtc pf 3708 324 20% Container Corp 1.20. 37% 27% Contl Baking (A)_. 5% 3 Contl Baking (B)_ 109% 102% Contl Baking pf (8) - 59% Contl Can (3) __ 20% Contl Diamond (2) - 38% Contl Insur (11.60)- 2% Contl Motors. 40% Contl Ofl Del (11) 26% Contl Steel (b50c) 63% Corn Ex Bank (3) __ 657 Corn Prod Ref(13).. 6 Coty Inc - 46 Crane Co 74% Crown Cork & 501 Crn C&S pf ww 2% _ 17 Crown Zeller (new) 99 Cr'n Zel! cum pf(7)_ 51 Crucible Steel_ 12 Cuba R R pt 10 Cuban-Am Sugar. 174 Curtis Publishing._. 997 Curtis Pub pf (7). 612 Curtis Wright 19'% Curtis W(A) a50c_. 16 Davesa Stores(t1)_. 201 Davega cum pf 1% Z 104% Deere & Co 31% 2915 Deere & Co pf 1.40 _ 29 22 Deisel-Wem-G(11)_ 58% 421 Delaware & Hudson 2412 17% Del Lack & West 10% 7% Den& RG W pf(d). 1461 125 Detroit Edison (14). 761, 61 Devoe & Rey A(13)_ 3615 30% Diamond Mth(b50c) 36% Diamond Mpf (t13%) 2414 Distil Corp Seag 90 " Dist C S pf ww (5 20% Dixie Vortex(1%) _ 37% Doehler Die Cast(2)x 45 Dome Mines (12) 601 Douglas Aircraft_ 3214 Dresser B (al) - 6% Dunhill Internatl .. 156 Du Pont (b75¢) - 115% 112 Duquesne 1st (5) - 17 11% Eastern Roll Mills_. 175% 159 Eastman Kodak(6)- 163 157 Eastman Kod pf(6)- 37% 32 Eaton Mfg (12) 16 11% Eitington-Schild 29 237 El Paso Nat G 1. 6 451 3813 Elec Auto Lt 12.40 7 16 12 Elec Boat (a60c) 3 7% 5% Elec&Mus I (al8c)- 14 26% 21% Elec Pow & Light__. 23 87 69 ElecPw&LtS$6pf_. 2 92y 75 ElecPw&Lt$7pf_ 6 441, 40% Elec Storage Bat (2) 114 Elk Horn Coal (d) .- 4 108% Endicott-Jhn pf(5) 108 712 Equitable Office B 2 137 Erie R R 26% Erie R R 1st pt 22 Erie R R 2d pf 2814 Evans Prod (11) 5 Exchange Buffet 31 Fairbanks Co 56 Fairb’ks-Morse (11) 53% Fajardo Sug Co (bl1) 22 Federal Lt & Trac - 93 Fed Lt & T pf (6) 815 Federal Motor (40¢) 513 Fed Screw Works._ 4% Fed Water Svc A 36% Fed'd Dept Str(2).- %102 Fed'd DScupf4%_ 40 Fidel Phoenix 11.60 32% Firestone T&R (2)- 103Y Firestone pf A (6) - 4615 First Natl Strs 12% 40 Flintkote Co (1) 34 Florsheim A (2) 6% Follansbee Bros(d) 471 Food Machine (1) 116% Food Mach pf(4%) 140- 43 Foster-Wheeler 118 Foster-Wheeler pf 20- 26% Freeport Sulph (1)- 36 Fuller Co 2d pf 4% Gabriel Co (A) 2512 Gamewell Co 15% Gar Wood (a55¢c) 1214 Gen Am Inv(a75c) _. 701 Gen Am Trans (a3)_ 16% Gen Baking (160¢)_. 10% Sen Bronze 2573 Gen Cable 54 Gen Cable (A) 10911 8y 23% 1813 24 135% B S ST LRI N R OB NN 0 S awa o 108 1 53 9% 235 51 35% 2 20 135 32% 48% | 126». 1141 Gen Cable pf (aT) 44 Gen Cigar (14) 52% Gen Electric (b40¢) 391 Gen Foods (2) 213 Gen Gas & Elec(A) 58 Gen G&E 6% cv pfA GenG & ES8% pf A Gen Mills (3) 117% Gen Mills pf (6) 7015 60'5 Gen Motors(b2c) 1225 116% Gen Motors pf(5) - 12% Gen Outdoor Adv 4 Gen Print Ink new 53 Gen Ry Signal (1) 4 Gen Realty & Util 39 Gen Realty & U pf_. 60% Gen Refract (a3%). 28 Gen Thea Eq(b25c). 15% Gillette 8 Raz (11). 204 Gimbel Bros 833 Gimbel Bros pf(6) . 43% Glidden Co (2) - 6% Goebel Brew (120c). 31 Goodrich(BF)(al). 79% Goodrich pf (5) 27% Goodyear (b30c) 100 Goodyear cu pf(5)_. 10% Gotham Silk Hose 3 Graham-Paige 6'3 Granby Cons (new) 2113 Grand Union pf(bl) 3813 Granite City Stl(1)- Grt Northern pf Grt Northn Ore (1) - Grt West Sug 12.40_ Green H L (11.60) Greyhound (180c) . Greyhound pf(55¢) Guantanamo Sug-. Guantanamo pf _. Gulf Mobile & Gulf Mobile & N pf. % Hack W pt A (1%) 1 Hall W F Print Hamilton Wth b25e Hamilton W pf (6) - Harb-Walker (12)_ Hat pf ww (63%) 208 Hayes Body T s Hecker Prod (60c) AL 13 2612 105% 58la 50% 106%; 103} K 57 1 308 157 13% | 189 39% 22y 4015 131% 33 6 13% 114 2813 9 59% 111 16% 13% 183, 3% 234 1T 101 134 123 Hercules Motor(11) Hershey Choc (13) Holland Fur(al%)- Holland Fur pf(5) Hollander & Son (1) Holly Sugar (12) Homestake (112) Houd-Hersh A(21%) Houd-Her B (113) Household Fin (4) % Househ'ld Fin pf (5) Houston Oil vtc Howe Sound (13) Hudson Motor _ Hupp Motors [1linois Central Indian Refin (al)--. Indus Rayon (2) Y2 Inland Steel (4) Inspiration Cop 4 Ins Sh Md ct (a20c) 4 Inter Rap Tr vte(d) Intercontl Rubber Interlake Iron Intl Agricultural __ Intl Agricul pr pf .. Intl Bus Mach(16)_. Intl Harvester(2%) Intl HydroEL A _ Intl Mercantile M__ Intl Mining (a0c)_. Intl Nickel (b50c) Intl Paper (A) Intl Paper (B) Intl Paper (C) Intl Paper pf g Inti Print Ink (12) 4 Intl Ry Cent Am vte Intl Ry C Am pf A intl Shoe (12) Intl Silver Intl Silver pt (ad) - 11% Intl Tel & Tel 2934 Interstat Dp St b2% 7813 Jewel Tea (14) Johns-Manv (13) _. Jones&L 7% pf 1% - Kans City South 24 Kayser J &Co (2) __ 156 Kelsey-H B (all)_ 56% Kennecott (b50c) . 3 10! 2401 8% 6% 14'% 621 1615 109 5% 20 1 & 1 5 6 7 s 1 4 17% Keystone S&W b30c 9 39% Kimberly Clark(1). . 5% Kinney (G R) Co... 9 47% Kinney pf (al1) - 240, 11% Kresge Dept Stores. 25% Kresge S 8 (b30c) 1 22 Kroger Groc (11.60) 32 Laclede Gas pf. 18% Lambert Co (2) 15 Lane Bryant - 17 Lee Rubber (50¢) 38% Leh PortCmt 1% _. 2% Lehigh Valley Coal. 13% Lehigh Val Coal pf_ ) I 2 4 Io' Olose. chge. 33 27% 1041, 1043 143y 14% 14% 68% 23 174, 81 119% 534 T 5!": 2 100% 12% 30 8% 143 126% Net R e bl P44+++ 1 L++4 Prev 1937 High. 24% 137 21% 79 15% 28% 1134 114 23 8315 45 24%, 200 23 2161 2:15p.m. Stock and Low. 174% Lehigh Valley R R_. 118 Lehman Corp (13) _. 18 Lehn & Fink(al3)_ 674 Libbey-O-F (bT5c)_ 9% Libby McN & L(a1) 25% Life Saver (+1.60)__ 100 Ligg & Myers (14) 100% Ligg & Myers B 4 21% Lily Tulip (t134) 59 Lima Locomotive_. 43% Liquid Carb (2.60) 6415 Loew's Inc (12)_ 21 LoftInc 56 Lone Star Cmt b75c. 615 Long Bell Lum(A) . 37% Loose-Wiles (2) __. 225, Lorillard P (1.20) 1915 Louis G&E pf A 881 Louis & Nash b2 _ 291 Ludlum Steel (11) 3013 McCall Corp (12) 1814 McCrory Stores 9815 McCrory Strs pf(6). 40% McGraw Elec (2) 38 Mclntyre Porcu(2) - 40% McKeesp't Tin new- 12% McKesson & Rob __ McKess & Rb pf(3). 4 McLellon St (b75c)- Mack Trucks (+1)__ Macy (R H) (2) _ Magma Copper (2) . Manati Sugar (d) Manati Sug ctfs (d) Manati Sug pf (d) - 4 Man El md gtd (d) - Manhat Shirt (1) - Maracaibo Oil Exp_ Marine Mid (f40c) Market St Rty Marshall Field Martin-Parry Masonite (+1) Mathieson Alk(1%%) Maytag Co (a50c) Maytag pf ww (3) Mead Corp Mead Corp pf (6) Melville Shoe (15) Mengel Co Mengel Tst pf (215). Mesta Mach (b1%)_ Miami Copper Mid-Cont Pet al.15_ Midld Stl Prod(+2) - 2 Midld Stl 1st p£(8) - Minn-Hon Ros (2) . Minn Moline Pow _ MStP&SS MlsIn Mission Corp (a45c) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) % Mohawk Carp(1.20) Monsanto Chm (11)- Montg Ward (72) Morris & Esx (37 ). 2 Mother Ldeal2%c Motor Prod (2) Motor Wheel (1.60) _ Mullins B (a50c) Munsingwear (3) Murphy G C (2.60) Murray Corp(asoc) Myers (F E) (b1)__. sh Kelv (1) ashv Chat & St Li_ atl Acme (a75c) _ atl Aviation (al). Natl Biseuit (1.60) atl Bond & In 1.44. atl Cash Reg (1) - atl Dairy Prd 1.20 atl Dairy pf A (7) Natl Dairy pf B (T) Natl Dept Stores __ \atl Dept Strs pf atl Distillers(+2)_ Natl En & Stpg (2) - Natl Lead (t50c) Natl Mall & S C b50cx atl Pw & Lt (60c) atl Steel (12%3) __ XNatl Supply Co an‘ Supply pf adlz 2 \e\\ port [nd(b30c) N Y Air Brake bi0c_ N Y Central N Y Chi & NYChi& N Y Investors (d) NY NH&H (d) N 'Y Shipbldg pf _ N Y Steam pf (6) Norfolk South (d) - North Am Aviation North Am Co(b30c) Northern Pacific 4 Northwest Tel (3) __ Norwalk Tire & R__ Ohio Oil (a60c) 2 Oliver Farm Equip_ i Omnibus Corp vte - Otis Elev (60c) ___. Otis Steel Owens-111 G1 (6) Pac Am Fish (1. Pacific Coast 2d Pac Gas & Elec (2) - Pac Lighting (3) -~ Pac Mills (b30c) Pac Tel & T pf (6) Pac West Oil(abic) Packard Mot (b15¢) Pan Am Pet @60c) - Panhandle P& R _ Panhandle P&R pf Paramount Pic Paramnt 1st pf (6)_ Paramnt 2d pf 60c _ 2 Park & Tiiford (2) . Park Utah Parke Davis (b1)_ Parmelee Trans _ Pathe Film Corp Patino Mines(f60¢). Pecrless Corp & Penney J C) (4) _ Penn Coal & Coke _ Penn Dixie Cement_ Penn G1 Sd ctasic . Penn Railroad (a2)_ 3 Peoples Gas Chi____ Pere Marquette Pere Marq pf 4 Petr Corp Am ad0c Preiffer Brew (1.20) Phelps Dodge biic 16% 150 19% 21 311 4315 342, 140 22% 10% 11% 2% 60 22% Sales— Dividend Rate. Add 00. High. Low. Close. 3 128 19% % 141 26% 108 102% 224y e 308 1 14 108 1208 8 708 63 1 6 1 10 4 2:15pm. Prev 1037 8tock and Sllps—— High. Low. Dividend Rate. 7 Rutland RRpf 4 40 Safeway Stores(12) 6 42 110 Safeway Strs pf(7) 43% St Joseph Ld(b50c) 5 3 StL-SanFran(d)__ 17 6'4 St L-San Fr pf (d) .. 2 14‘~ Savage Arm (al) .. 1 Schenley Dist(b75¢) 6 2 Schulte R Strs (d) - 3 17 SchulteR S pf (d)-. 1 38 Scott Paper (1) ___ 1408 113 Seaboard Air L (d) - 8 6 Seaboard ALpf(d). 3 4014 Seaboard Oil (1) 33 81 Sears Roebuck (3)_. 20 28 Servel Inc (t1) 7 29 Sharon Stl (+1.20) . 101 Sharpe & Dohme 60 Sharp & Do pf(332). hattuck F G (60c) - 37 eaffer Pen(b114)_ 267« Shell Un Oil (a2ie) . monsCo ( mms Petrol Skelly Oil = 0il pf (§) -Sheflield St _ 714 Smith & Cor ctfs(1) 3 Snider Pkg (b112) ncony-Vac (b2ic) 56 s 180 32 19 40 27 palding 1st pf _ Y4 Sparks-Withing pencer Kell (1.60) perry Corp vte(al) piegel Inc (b25c) tand Brands pf(7) * Stand Com Tobac B Stand Gas & El (d) 2513 Stand lv&' $4pf(d) tand Inv Corp = tand Oil Calif (+1). tand Oil Ind (t1)._ Stewart-Warn Stone & Web(a: Studebaker Corp Sun Oil pf (6) - Superior Oil Superior Steel > 3 Sutherland P 71.60_. weets Co of Am wift & Co (11.20) wift Intl Ltd (2) _ ymington ww bl0c ymington xw bloc Talcott (J) bie Telautograph(60c) 117 Tenn Corp (alsc) 507 Texas Corp (2) 7'« Texas Gulf Prase 3815 Texas Gulf Sul (72) 131% Tex Pac C&O bl0c - 11%; Texas P L T (alc)- 10 Thermoid Co .- 6 Third Avenue 23 Thompson Pr b40c _ 614 Thompson Starrett_ 19% Tide Wat A O (60c). Timken Detroit 71 654 Timken Roller B(3) 15% Transamerica t40c 18% Trans Wst Air a2sc 9 Tri-Contl (a50c) -Traer(b25¢) - 20th Cent Fox ba0c 0Oth Cent F pf(1%) % Twin City R T Twin CR T pfalé 167 Twin Coach (a1.40) 5% Und-Ell-Fisher (3) Union Bag & P (2) 10112 Union Carb (3.20) - 2415 Union Oil Calif (1)_ 1261 Union Pacific (6) 93 Union Pacific pf(4) 26% Union Tnk Car 1.60 27% Utd Aircraft(asoc). 19% Utd Air Lines a20c_ 2412 Utd Am Bosch ___ 26'2 Utd Biscuit (1.60) __ Utd Carbon (4) _. 297 Unit-Carr Fast(12). 61x Utd Corp (a20c) - 41t Utd Corp pf (3) 141 Utd Drug (a75¢) __. 181 Utd Dyewood (1) __. 744 Utd Elec Coal 461: Utd Eng & Fy (12)_ 804 Utd Fruit (3) 14 Utd Gas Imp (1) _ 615 td Paperboard mazmes - weOrwafaiek cur _ 5 st (). $ Gypsum (+2) S Hoff'an pf (2 S Indus Alcohol = simmheru\ntc. 2 L' 8 Pipe & Fdry(3). 13% U S I’.Enlly& Imp . 921, U S Rubber 1st pf__ Smelting (b4) Unit Stk Yds (50¢) - 64 Utd Stores (A) 314 Uti! Pw&Lt (A)(4). 1% Vadsco Sales Corp 2814 Vanadium Corp 39'; Van Raalte(b62'2c) 7% Va-Car Chemical 5415 Va-Car Chem 6% pf 108 Va El & Pw pt (6) 2613 VaIron C&Cpf . Vulcan Detin (a8) . Wabash (d) = Wabash pf (A)(d) - Waldorf Sys(11.20). Walgreen Company i Walker (H) (2) Walworth Co Ward Baking (A) Ward Baking (B) Warner Bros Pict _ Warner-Quinlan (d) 5 Warren Bros (d) 20 War'n Br cv pf (d) 1 2 Warren Fdy&P(11) 1 Waukesha Mot (1) 5 - o [BETEE LIS L PR P - 21 12 70s 708 708 Add 00. High W 3108 110\- 2315 5l 61% Phila Co 6% pf (3) - Phila Co pf(6)new s Phila & Read C & I Philip Morris (b3 %) 912 Phillips Petrol (2) : Phoenix Hosiery Pittsburgh Coal pf Pitts Screw&B blsc Pitts Steel pt 2 % Pitts United ___ Pitts & W Va Plymouth Oil (1) . Poor & Co (B) = Porto R Am Tob A _. Porto R Am Tob B Postal Tel&C pf (d) . teel Car __ tl2d pf 2% Proctor & Gam(f2)_ Pub Sve N J (2.60) - 1125 100 1280 1 1401 130 T2 61% 19% Pub Sve N J pf (7). Pullman Inc (1%)-- Pure Oil Pure Oil 6% pf Pure Oil 8% pf Purity Bak (60¢) - Quaker State (80c)._ Radio Corp Radio-Keith-Or (4). Reading RR (2) Real Silk Hosiery _ Reliable Str (a50c) - Reliance Mfg Co Rem-Rand (160¢) Rensselaer & S(8) Reo Motor Car _ 4 Republic Steel _ '3 Revere Copper 128% Revere Cop pt b1% Va vere Cop pf 5% - zsu Revnolds Met (11)_. 247 Reynolds Spr (1) 50% Reynolds Tob B (3) 108 208 Wesson O&S (150c) 2 West Penn E1 A (7) West Penn El pf(6) 108 708 West Penn El pf(7) West Pa Pwr pf (6) West Pa Pwr pf (7) 208 21, Western Pacific - Western Pacific pf_. Westn Un Tel (3) Westingh'se A B(1) Westingh'se E1 (b1) 13 Weston Weston El [nst a8ic Elec(A)(2) 20s Westvaco Chlor (1) 260 69 60 45 103% 119% 128 2 Westvaco Wheeling Steel White Motor White Rk M S(1.40) White Sew Mch pf . 2 Wilcox Oil « Wilson & Co (50c) - 1 %pf1lg Gas + Wilson & Co pf (6) - Woolworth 2.40) 30 » Worthington Pump 6 Worth Pump pf(A) :ht Aero (al) - Wrigley W ir (13) 1 20% Yellow Tr & Coach Yel Tr & C pf(bl%) Wr 76 68% 378 142 128 1408 108 91 60s Young Spr& W(t3) . 751 Ygstn S&T (b75e) Zenith Radio (b1)_. 7% Zonite Products Net Low. Close. chge. 7 7T - 41y 41 1103, 110% — & 59 59 -1 4 - ¥ . 25% 37y 2 56 100'2 1001, 100% + 180 180 32 32 23 231y 1 18% — 5 5 39 26 6014 401y e y " 106 97 =1 118% —2% — e 145 | Approximate Sales of Stocks on the N. ¥. Stock Exchange. 11:00 P.M 1:00 P.M. 300,000 740,000 00 Noon 00 P.M . 510,000 . 870,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly dec- larations 26% — 4 263, 26% — 524 b2n + %l | not d Companies xEx dividend s Unit of trading fess than 100 shares ncluding _extras. reported aPaid last year. fn receivership or b Paid this being tAnnual rate— vear reorganized PRIVATE BUILDING AWARDS ADVANCE | Engineering Construction Total for Week Up 84 Per Cent From Year Ago. BY the Associated Press. NEW YORK, April 1.—Engineering construction awards for the week ended Tuescay showed private con- tracts topped the same period last A [ year by 84 per cent, although they were down 32 per cent from the pre- vious week. BUYS MECHLING ASSETS. NEW YORK, April 1 (®).—General As reported today by Engineering | Chemical Co., wholly owned subsidiary News-Record, total awards for the week were $34,678,000, against 349,-! 006,000 in the preceding week and $43,563,000 last year. Private work amounted to $17,520,- 000, against $9,538,000 in the corre- | sponding 1936 period and $25,698,000 in the previous week. Public awards | amounted to $17,158,000, against $23,- 308,000 the week before and $34,025,000 | a year ago. 4 \ | of Allied Chemical & Dye Corp., has acquired assets and business of Mech- ling Bros’ Chemical was not announced. Mechling and Edwar president and vice spectively, will Co. The price Benjamin S. d A. Mechling, president, re- continue actively in the business. The Mechling concern, with Camden, N. J, Mass, produces silica other products. and Medford. te of soda and STOCKSDEPRESSED BY LABOR STRIFE Many Leaders Go Down Fractions to $3 or More at Worst. Stock Averages 30 Indust. —4 97.4 978 100.2 85.1 101.6 94.1 99.3 15 15 60 Rails. Uti). Stks —4 —4 —4 47.0 474 50.3 484 54.0 468 53.7 net change. Today, noon Prev, day.- Month ago- - Year ago... 1937 high.. 1937 low... 1936 high._. 1936 low... 1932 1929 1927 72,0 24 1738 64.0 5.3 69.1 2.8 4638 47.2 451 375 495 378 435 734 302 434 55.7 175 8.7 239 169 146.9 153.9 184.3 157.7 51.6 953 618 618 (Comptled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financiat Writer. NEW YORK, April 1.—Renewed " | nervousness over the labor outlook helped to bear down stocks in today's market and a wide assortment of leaders dipped fractions to more than 3 points at the worst. Fears of a soft coal strike involving 400,000 workers, new sit-downs in General Motors plants and the con- tinued impasse in the Chrysler union negotiations tended to dampen specu- lative spirits. Disturbing also to sentiment was another sharp downturn in U. S. Gov- ernment securities in the bond depart- ment, the majority sinking to new lows for the year or longer despite | assurances of Secretary Morgenthau the Government has sufficient ree sources to maintain an “orderly” mare —1% —1% ket. The group rallied in late dealings. The stock list received some support in the final hour and extreme losses were pared in numerous instances. A | few oils, amusements and specialities bucked the trend. Trading was ex= tremely light throughout. Tranfers | were around 1,200,000 shares Copper issues suffered a setback | when the export rate for the red | metal fell below the domestic level of 17 cents a pound. Grain futures were reactionary and other commodities | mixed. Steels and motors were in the fore- front of the retreat. Utilities held fairly well. Rails were a bit de- pressed. BY the Associated Press. CHICAGO, April 1.—Increased pri- vate forecasts of 1937 United States Winter wheat production largely dom- inated grain trading today, and wheat prices ruled lower to a material degree. In addition to the augmented dom- estic crop forecasts, yesterday's abrupt break in Argentine wheat quotations received notice. Today’s Buenos Aires wheat prices, however, averaged slight- ly higher. At the close wheat was % al3s under yesterday's finish, May 1.4133a%, July 1.263gal2; corn varied from % off to 1 | cent up, May 12133a3;, July, 1.1513 aly; oats, !2a3s down, and provisions showing 12 to 20 cents setback. Septemper COR! My, new July new Oid 1.20% 1.14% 1.08% » 1.20% W 114% September » 1.07% OATS— May July September Bl 16.60 Chicago Cash Market. Cash wheat: No. 1 dark hard, 1.48; No. 2 dark hard, 1.48; No. 3 hard, 145. Corn: No. 2 mixed, 1.28% (97 per cent white): No. 4 mixed, 1.26%; No. 3 yellow, 1.26a1.28'¢: No. 3 white, 1.30%. Oats: No. 3 mixed, 1.283% (97 per cent white): No. 4 mixed, 1.2614; No. 3 yellow, 1.26a1.28%;: No. 3 white, 1.30%. Oats: No. 1, white, 54; No. 2 white, 5312, No. 3 white, 52a 52%. Soy beans: No. 2 yellow, 1.671,; No. 3 yellow, 1.65%: Barley: I-‘eed, 70873 nominal; malting, 1.00a 1.25 nominal Timothy seed, prime, per hundredweight, 4.75a5.50. Clover seed, per hundredweight, 29.00a35.00. Baltimore Quotation: BALTIMORE. April 1 () —) 2 red Winter. garlicky, spot, 1.51: April. 1.51 Vheat No domestic BOND OFFERINGS DROP BELOW 1936 IN CANADA Spectal Dispatch to The Star NEW YORK, April 1.—Canadian bond offerings for the first quarter of 1937 totaled $238,187,731, compared with $240,244,067 for the same period of the preceding year, according to the Dominion Securities Corp. Of this amount, Dominion of Canada issues accounted for $85,000,- 000, not including $125,000,000 of treasury bills, against $48,000,000 the first three months of 1936. Railway offerings dropped considerably from | the $95,000,000 reported for the first quarter of last year, amounting to $35,500,000. Total offerings for the month of March amounted to $29,230,539, as compared with $76,333,222 in March, 1936. This is exclusive of $25,000,000 of treasury bills sold during the month. EXECUTIVES PROMOTED BY WHEELING STEEL B3 the Associated Press NEW YORK, April 1.—At an organi= zation meeting of Wheeling Steel Corp., A. J. McFarland, who has been first vice president, was named executive vice president. L. W. Franzheim, here- tofore treasurer, was chosen vice presie dent and treasurer, and Henry D. Scott was elected a vice president. Other retiring officers were ree elected. J. J. McElhinney was ape pointed assistant vice president. F ldellty F und, ln; ; of Boston | Prospectus on Request 'William W. Mackall, Jr. Investment Securities | 1002 Woodward Blds. District 8431 y