Evening Star Newspaper, April 2, 1937, Page 19

FINANCIAL. FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., FRIDAY, APRIL 2, 1937. of the way, many merchants went SUPPORT APPEARS INFEDERAL BONDS Government Issues Stage Comeback After Early Downward Trend Bond Averages 10 Fgn —3 1.5 1.8 3.1 69.6 4.7 1.8 3.0 20 10 10 Rails Indust. Ol Net change. —2 —.1 —.1 Teday, noon. 94.0 102.9 100.0 Previous day 94.2103.0 100.0 Month ago-- 96.9 103.9 101.3 Year ago- 92.6 102.7 1018 1937 high.. 99.0 104.4102.8 1937 low. 9421029 99.8 1936 high. 98.2104.4 103.1 86.9101.8 99.3 67.6 458 400 64.6 422 hlgh.. 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ....109.0 Prev. day- 109.1 Month ago 111.0 Year ago. 1115 1937 high. 113.7 1937 low.. 108.9 1936 high. 113.5 1936 low._ 110.2 1928 high. 104.4 1932 low.. 86.8 1928 (Compiled by the Assoclated Press.) BS the Associated Press NEW YORK, April 2.—Conflicting sentiment prevailed in the bond mar- ket today, although forces for the decline held the whip hand. United States Governments, the market's recent focal point, were re- actionary early in the session but marshaled some support in the fore- noon. These bonds, off small frac- tions to nearly half a point in the initial hour, narrowed their losses later in the morning. Elsewhere in the list modestly lower prices held sway. Setbacks were frac- tional for the most part. Rails ap- peared to be the most actively offered group, with utilities also in supply. Industrial liens showed little inclina- tion to move either way. Of the carriers, Southern Railway 4s were down more than a point and Southern Pacific 4'>s lost about & point. Declines of a half point or so were recorded by Missouri Pacific 5s “F,” New York Central 5s, Baltimore & Ohio 4'is and Rock Island Gen- eral 4s, DIVIDENDS ANNOUNCED NEW YORK. April 2 —Dividends de- elared (prepared by the Standard Statistics Corp.) Increased. Pe- Stock of Pa\- | tiod, Tecord Rate. Air Acco $7 ve pf SL75 Benet Industrial Loan 30c Canadian Bronze 37%2c Q Initial, N. Y. Merchandise 20c Q@ Extra, Cons Goid Elec Hollinger Birtman st can anzc 5 o Chapman Fr Great Sou Lxre Insur Holly Sug_7 Janizen Knit Mills Know (A.J.) Tool & Morm °¢ Essex Ext R hila & Trenton RR $2 Bham % Dehme S350 pf A 7 Warren Fndry & Pipe Washington Gas Light Woolson Spice ‘Woolson Spice 67 of € Hollinger Cons Gold Birtman Elec Sugar_ pf Opd OODnm OO O o Holly Tenn Tenn Tenn Tenn ‘Tenn Tenn Tenn Tenn Tenn Tenn ! NEW YORK BANK STOCKS NEW YORK April —New York | Becurity Dealers’ (Quotations as of 2 o'clock.) Bk of Man (1 Bankers Tr cos Cen Han Bk & Tr (4) Chase Nat (1.40) Chem Bk & Tr (1.80) Commercial (8) Cont Bk & Tr (801 Corn Ex Bk & T (3) Empire Tr (1) First Nat (Bos) ( First Natl (100) Guaranty Tr (12) Irving Tr (.60) Manufacturers’ Tr (2) Manufacturers’ Tr pf (2. Natl City (1)~ N Y Trust (3) Public_ (1'%) Title G & T Federal Land 1041; 10515 10035 1 FOREIGN EXCHANGES. NEW YORK, April 2 (7). —Foreign ex- change steady. Great Britain in dollars 4n cents: Great Britain, demand, cables, 4.8072: B0-day bills, 4.89: demand, 4.60%: cable: J-60% Italy. demand 5,201 cables. 5 2 Portugal, 4 [¢} qnlnnd 1R 98 cze:hm\makm ¢ slovakia_ 234 Austria. 18.7 Rumania. R Montreal in New York, New York in Montreal. 50,905, B Nomi: U.S. TREASURY POSITION. BY the Assoctated Press. The position of the Treasury on March E Receip! 06,86%.27: expendi- ) balance. $1.825.- receipts for the me ‘fiscal vear (since July 45316; expenditures 140.33. including $2.1:34.974.. 50 of gmergericy expe itur excus of expenditurs debr i 2.687.17: gross an’‘increase of previous ~day: 21.47. " including gold. 1 ~the g d $11.573.731 22 952 BT Bo1 ™1 o1 dnackive REICHSBANK STATEMENT. BERLIN. April 2 (P).—The Reichsbank statement as of April i (in thousands of Reichsmarks): (l}lntes T elireutation. 4, 938,000 +494.000 Forelgn “currency re- sot other “bills of ex- change and checks Other dally matur- ing obligations +135.456 Advances 463 Investments g Ratio of gold and foreign currencles to notes. 1.5 per cent. Rate of discount, 4 per cent. NEW YORK PRODUCE. NEW YORK. April 2 (7.—Butter, 7.891. ‘e Creamery, “higher than' extra, (92 score), 3t 5.676 5,110,746 970.003 —20 +705,688 PieThnst Gomiraed o0 1 Mixed _colors, le(e packed frsts $474-34" other mixed olors unchanged, Live poultry. by freight. wuotations. nominal: no —e. MONEY MARKET. NEW YORK. April 2 (.—Gall money ateady: 1 per cent all day. Prime commer- cial paper. 1 per cent. Time loans steady; £0 da7s-6 manths 13 per cent offered. Bankers' acceptances unchange count rate. New York Reserve Bank. 114 per cent. MONTREAL SILVER. MONTREAL. April 2 (P.—Silver fu- tures opened steady. unchanged to five BONDS ON By private wire direct to The Star. TREASURY High. Low. 2:48. $6.24 90.6 9b.cd 100,20 101.2 9.4 99,14 8.4 98.50 8.24 99,28 8914 102,19 101.1% 102,26 10224 105, 104.9 104.20 104.26 108.5 107.24 107.20 . 109,17 104.9 2%81949-53 . 23,8 1945-4Tcauee 1012 2% 1948-51__. 99,1 28,8 1951-54 e PR3 96,24 908 9,18 102.20 101.20 102.30 108, 106, 104.9 104.20 104.26 1056 107.24 107.20 109.17 104.10 3181941 3148 1944-46 3% s 1940-43June 3%81941-43 Mar 3% 1943-47 s%u 1946-56 : S 1946-56 reg - 45 1944-54 445-3% 8194345 438194752 _ 113:24 11816 41322 4% s 1947-52 reg. 113,12 11812 118.12 FEDERAL FARM MORTGAGE. 2%31942-47____. 9920 99.20 99.20 101.20 101,10 10L.19 100.24 100,11 100.24 101,12 10112 101.12 HOME OWNERS' LOAN. 2148 1942-44 99.3 9816 99, 2%8 1939-49 99.10 9828 99.10 331952 __ 10011 99.24 100.11 FOREIGN BONDS. High. Low. 10034 933 26 ¥8Y 2:45. Abitibl Pa&Pw 6s 63 994 Agr Mtg Bk Col 68 '48 April coupon on_ Akersnus 68 63 % Antioquia 7s 45 D Antioquia 1st 78 '57_. Antloquia 3d 7s ‘57 Antwerp 6s ‘58 _. Argentine 4%8'71._. Argentine (%8s 62_._. Argentine 6s ‘67 A Argentine 68’58 B Argentine 6s ‘69 Jun Argentine 6s 59 Oct _ Argentine 68 ‘60 May _ Argentine 63 ‘60 Sept_ Argentine 6360 Oct Australia 4148 '56_. Australia 58°65 Australia 5857 25 98l Brazil 78'52. Brazil 8s 41 Erisbane 58 '57... Buenos Alres 4%5-4%35'76 April . Buenos Alr 4%8-3%8'77 P Buenos A 4%s 76 Aug Bue Al 41,8-4%5'75 _ Buenos A C 6860 Oct - Buenos A C 63%s'55 Buenos A 6861 st Pv Buenos A C 6% '61 Pv Bulgaria 7s 67 July cnapon oft____. Canada 2? 5 Canada 31,861 Canada 4560 Canada 6552 _ Carlsbad 85 54_ Cblle 6s'60 Cl'le 68°61 Jan _ Chile 6861 Febr Chile 6s 61 Sept_. Chile 65 63 Chile 78 ‘42 | Chile Mtg Bk 6s '61 Chile Mtz Bk 685 62 Chile Mt Bk 63%s 61 Chilean Mun L s 60_. Colombia fs 61 Jan Colombia 6s 61 Oct Covenhagen 1%s 53 Copenhagen bs ‘52 Copenhagen T 6s 54 Costa Rica is A ‘51 Cuba 6%s 45 _____. Denmark 4%8 ‘62 ... Denmark 63%s ‘55 Denmark 6542 Dominic 18t 536842 Dominic 51861 ext. French Gov 71,8 41. Ger CBK A 6838 Ger C Ag Bk 65’60 Oct. Ger Gen Elec 6s°48___ Ger Gov 5% s 65 st Ger Gov 5%s 65 un st. Ger Prv & City Bank con Ag 6%8 5% Ger Rep 78 "49 stpd. GrtCElJap 78 44 Greek Gov 6868 Hung LM 7%s'61 B Ltaly 78 51 |tal PUCrd 78 '52._ Japan 6%s ‘65 Japan 6%s ‘54 Kreug&Toll 6859 cts_ Medelin 63%8 54 Mex 45 '10-45 as Mex 4854 asst Mex Ire 43543 asst__ Milan 638 ‘52 Minas Gers6%s '58 Sept coupon off MinasGers 63%s ‘69 Sept coupon on Montevideo 78 '52 New So Wales 53 '58_ Nord Ry 6% '50_ Norway ‘%8 ‘66 Norway 4%s ‘66 Oriental Dev 5%s '68 Oriental Dev 6s ‘63 Oslo 4348 55_.. Peru 6s '60 Peru 6s 61 _. Poland 6s 40 Poland 8s ‘50 Porto Alegre 88 June coupon off. Prussia 614851 Riode Jan 6%8°'53 Aug coupon off _____ Riode Jan 8s 46 April coupon off. Rio Gr do Sul 6s'68 June coupon of Rio Gr do Sul 7s May coupon oft Rio Gr do Sul 8s°46 April coupon off..... Rome 63852 ______ Rumania 78’49 Aug couponoff ... 8ao Paulo St 6s°68 July coupon off ... Sao Paulo 8t 78 '40___. Serbs 7862 unm c o.. Serbs 8s ‘62 unmco.. Siemens & H 6%s ‘51 Stlesia Prov 7s'568_ Tokio 5%s 61 _ Tokio E L Ltd 6s'53_ Tyrol Hy El1 7%s 56 Uruguay 6s 60._ Uruguay 6s 64 . 1025 107 1004 1023 2% 8% 995 22 22 L o 28 19% 27% 30 26% 2634 20 Westphal El Pw 68 ‘63 DOMESTIC BONDS. Adams Express 48 47 100 1003 Alb&Sus 334846 gtd_. 1023 10235 5 963 vl 9035 9034 6215 6234 9934 993 9835 9814 . 10734 10T 7 93 93% 105% 1083¢ 1063 1053 9 9 9T 94 10634 10634 13 1124 109 109 1045 1043 3934 8984 108 108 96% V615 9639 96 1078 107% 107 107 109 109 108% 1034 108% 10834 108% 108% 823 82% 823 10034 100} 10034 Allied Stores w. 51 Alleg Valley ¢8°43. Am & For Pw 60 2030 Am Icecv 5s ‘53 Am IGChb%s Am Intl 5% 49 Am Tel & Tel 3% Am Tel & Tel 3% s ‘66 AmT&T 4%s 39 AmT&T6%s 43 Am Wat Wks Anaconda deb ¢34 Anglo-Chil Nit 7s Armour & Co 4%s '39_ Armour(Del)1st 48’55 Armour & Co Del 43 57 A T&S Fe 4805 A T&S Fe 48 09-'55 A T&S Fe gen 48 95 _ A T&S Feadj4s'95._ A T&S Fead) 4s 95 st A T&S Fe 44548 Atlanta & Birm 4s'33 . Atl Coast L 1st Atl Coast L clt Atlantic & D 1stés 48 Atlantic & D 2d 45 "48_ B&O1st ¢s 43 B&O ¢34s 60 B&O 1stbs'48 Balto & O ref 68 B&O6s Y6 F 10034 100 100 45.40b; July, 45.30b: Sep- b—Bid. Y 104 106 104 { N. Y. STOCK High., Low. 2:45. B&O Toledods's9 _. 98 ¥3. 93 Bang & Aroos cv 48’51, 11034 11034 11034 BellTof Pats 48 B 11734 11734 11734 122 122 122 U WY MY 10174 10136 10175 617 82 3 86 Btth Steel 4% Bos & Me 4% Bos & Me 68 '65 Bos & Me bs '67 Bot Con M & 158 ‘34 Bkivn EA con 3% 868 _. Bklvn Man T 4%s 66 Bklvn Un Gas bs 45 _ Bklyn Un Gas 6s ‘60 Bklvn Un Gas s ‘57 B Buff GE 4%s 81 B __ Ruff R&P con 4% s '57 Buff R&P cnd %s'57 rg Bush Term 1st 48°'52 Bv-Prod Ck 6%s "45 Bush Term Bldg 6s ‘60 Calif G &E rf 68'37___ Calif Packing 6s 40 Camag 78 43 ctfs Can'dian N R 4348 ‘66 Can'dian P db 4s ‘perp Can‘dian Pac ¢%s '46 Can’dian Pac 58'44 cfs. Can’dian Pac bs ‘64 Can'dian Pac 4345 '60_ Car & Gen 6850 ww__ Caro Cl & O 6s '38 Cent Br U P 4848 Central Fdry cv 6841 Cent of Ga con b8 45 . Centof Ga6s'59C Cent Hud G&E 68 '57.. Cent [l E& G 6351 Cent N England 4s ‘61 Cent of N J zen bs ‘87 Cent Pac 1st rf 4849 Cent Pac f= 60 Cent Steel 8s ‘41 Chesap C cv bs 44 Chesap Corp 68 47 Ches & O 3148 96 D_ Ches &0 3%s 96 B_ C& O gen 414892 C & O con s '39 C & O Big Sandy 45’44 Chi & Alt ref 35 49 13315 9514 9544 1181 10634 107 b5 10834 1145 105% 3934 18 6% 2014 26 214 6514 314 10%% 403 45 304 R0y 20% 224 2014 21 20 87% 55 1143 1051 3944 118 46% 203 36 214 6534 813 10% 0y 45 30% 30%; 20% 22% 2014 21 20 37% 12 91 82 108% 108% 1034 1034 10334 106 105 105 101 100% 100% 1004 10035 100 878, 8614 86l 9R% 971§ 98 102 101% 102 103% 1033 103% 93y 93 43 1033 103 10314 10314 10334 1081 107107 107 101% 10t 1014 106 105% 105 110% 110% 110% 861 864 86l 697 6974 Chi B&QI div 334 5'49._. Chi & E [11 6351 “hi & Erfe 1st 58’82 Chi Grt West 48 ‘59 Chil & L gen 5866 .. Chi Ind & L ref 6s'47_ Chi Ind & L gen 63 66 CM&St P 4%s'89 E CM&St P b8 ‘75 CM&StP&P adi 652000 Ch &NW gen 314587 _. Chi & NW gen 4s 87__ Chi & NW 4345 2037 Chi & NW 4148 2037 C. Chi & NW 4% s 49 ___ Chi R 1&P rf 48 ‘34 Chi R I&P rf 45'34ctf_ Chi R I&P ¢1%8'52 Chi R I&P 4138 ‘62 ctf. Chi R I&P gen 4888 __ Chi R I&P 4%s 60 Chi T H&S 1st 5860 Chi T H&S Inc Chi Un Sta 31,851 _ Chi Un Sta 3% s 63 E_ Chi Un Sta 4s ‘63 Chi & W [n con 48 Chl& W [na ¢%s 62 Childs & Co 6s'43 . CinG& E3Y%s’66 Cin Un Ter 31,8 D gtd CCC&St L C div 45’39 CCC&St Lrf43s 77 E CCC&St L ref 68 '63 D 1*"(‘(‘&§l Lref 6s'41C |Clev Cliffs ir 43%s ‘50 Clev Un Tel 4%s ‘77 Clev Un Term s 73 B Clev Un Ter 53%s 724 Colo Fuel & Ir 58 70 Colo & So 4158 °80 | Columbia G & E deb ~ 58°'52 April Columbia G & E 68 ‘52 May - Columbia G&E 5s '61_ Colum Ry P&L 45 "65_ Comcl Credit 3%s'51_ Com Inv Tr 3%s'51 Conn R& L 4%s'51__. Cons Coal Del 5360 _. Cons EA NY 3%s 46 n._ Cons Ed NY 3%s'56 n Cons Gas NY 438 '51_ Consol Of] 3348°61 Consum Pwr ¢%s 66 Cons Pwr 31870 Consum Pwr 3%s '65._. Crane Co 3%s 61 CrownC & S 48’60 Crown Will P 68 '51._. Cuba RR 1st s 52 Cuba RR 6s°'36 Cuba RR 7%s ‘36 ctfs. Cuba Northn 518 42 Dayton P&L 3%s ‘60 __ Del & Hud ref 45°43 _ Del & Hud 5%s ‘37 Den & R G con 48 '36_.. Den & R G 41336 Den& RG W bs 55 __ Den & RGW 6s'55asst_ Det Edison 33,8 66 __ Detroit Ed ¢s 66 F' Det Edison 4%8°'61 D_ Det River Tun 4%s'61 Dul & Ir Rg 55 '3 DulSS& At bs'37____ Dugques Lt 4%s’57 B._. BEd E1 I11 NY 5s"95 Elec Auto Lite 4852 Eriecv 4s°'53 A Erfecv4s'53 B Erfe cons 48 ‘96 __. Erie gen 4596 Erie ref 5» 67 Erieref 6575 Erie & Jersev 6s'55 102 10214 10134 10334 9435 | Erie & Pitts 3148’40 B. Fairbks Morse 45 56.. Fed L&Tr 6s 54 B _ Fla EC Ry 5874 Fla EC Ry bs ‘74 ctfs_ Fond J&G 4s'52 filed .. Qen Cable 5%s 47 _ Gen Mot Acc 38 46 .. Gen Mot Ass % s'51_. Gen Pub Sve 5%5°39_. Gen Stl Cast 5% s '49__ Goodrich 4% 8°56 Goodrich 6s 45 Goodyear T&R 6857 Grand RapI 4%s’d41__ Great N Ry 48 46 G- Great N Ry 48 46 H Grt NRyref 41,561 A Grt N R gen 4%8'76 D Grt N R gen 4%8'77 E. Grt NR6%8'62B ___ Green Bay 65’62 B Gulf States Ut 415 8'46 Gulf Sta St15%s 42__ Hoe (R) 1st mts 44 Hous B&T 1st bs '37 Houston O1l 6% s 40 Hudson Coal 6862 Hud & Man inc 6s '57.. Hud & Man ref bs *57.. 111 Bell Tel 3% [11 Cent col tr 4 11 Cent ref 4s ‘55 [11 Cent 4% s 66 111 Cent ref &s ‘56 ICC&StL N O 6z 63 1Ind'polis U R 3%s *86._ Inland Stl 3% s 61 Int R T 1strf 68’66 _. LR T 1st rf 68 '66 otfs. Int R T 6s°33 IntRT 7832 — IntR T 78°32 ctfs . Interlake 68 ‘61 ... Int Grt Nr 58 ‘56 B Int Grt Nr 58°66 C——ee. Int Grt Nr 6563 A [nt Grt Nr adj 65’53 A. Int Hydro Elec 6s 44 . Int Mer Marine €s ‘41_ Int Pap 18t 68 47TA___. Int Pap ref 6s 65 ___ Int Ry of CA 68’72 Int T&T cv 4%s 39 ___ Int T&T 4%8°53 _ Int T&T 63 66 towa Cent 1st&rf4x'51 James F & C 48 39 Kans C So 1st 3s 50 Kans City So ref 68 ‘60 Kan C Term 1st 4560 Kans G &E4%s ‘80 Keith 6p 46 - 10634 1033 984 108 90 61 59 Kresge Found 43°45__. Laclede Gas 6339 .. Laclede G 6%s°'53 C_. Laclede G 5% 60 D__ Lautaro Nitr 63’64 . Leh C&N 4148 54 A___ Leh C&N 4%s 54 C. Leh & NERR 48°65_. LV NY 4%» 40 gtd _. Leh V Pcon ¢s 3003 _. Leh V RR con 68 2003_ Leh Val Term 5s'41__. Lige & Myers 68 °'51. .. Lige & Myers 7s 44 @ 9% 983§ 101 101 1013 101% 62 62 62 Mg 8 6 10634 106% 106% 121 120% 121, 129% 120 12974 N 9% 101 102 EXCHANGE High. Low. 2:45. ¥8 9T 97Y 1003 100} 100} 12734 12734 127% (L W Y 99 10634 12 [ 1083 108% Loew's 3% s 48 Long Is] ref ¢s [T Lofillard 7s 44 La & Ark 6889 L & Nash 3% s 2003.._. L&N 1st4s2003.____ L & N unif 48 40 L & N Atl K&C 48’55 L & N So Mon {t 485 McCrory Stores 68 '51. McKess&Rob b%8'50 - MeCRRclt4s'46 A . Manhat Ry 48 90 ctfs_ Marion St Shov 6= '47_ Market St Ry 7s 40 A. Mead Co 68 *45 Met 4 18t rf 4%s'68_ Met WS EICr 4s°38 __ Mex Int R 4877 & Mi] El R&L 68 ‘61 MUER&SLrf6s'71. Minn & S L rf 4s 49 Minn & St L 68°34 ctfs MStP&SSMcn 4s°38 MStP&SSM bs 38 gtd. 1124 112 9% 96 108% 108% 10835 103}§ 101 10' 2% 43 9734 98 MStP&SSM 6%8 '78__. MoK & T 1st 4s'90___. MoK &T4s'62B.____. MOK&TE6s"62 A MoK & T ad) 5867 . Mo Pac 4876 Mo Pac 68’65 A Mo Pac SS’SSA ctfy Mo Pac 6s ‘81 1 Mo Pac 6s ‘81 I ctfs Mo Pac 5148 49 A Mob & Ohio 6s°38 Monong Pub S 4% 60 Monong Pub S 6s 65 Monong Ry 1st 48 '60 Montana Pwr 3%s '66. Mont Tram 4 for& Fssex 3% s ‘.7000 Morn!&l"ssex 4%s ‘65 Morris&Essex bs ‘65 . Natl Datry 3% s'51ww. Natl Dis PC 4% 845 ._. Natl Steel 48 656 New F2 T&T 1st 68°'62. New Jer P&L 4%s 60 New Orl PS6s'52 A New Orl PS68°56 B New Orl T&M 6s 51 B. New Orl Ter 1st 48 '63. New OriT&M 48 '66_ New Or1T&M inc5s’35. New Orl T&M 51,8 '54. NY Central 3%s 97 __ NY Cent 33:8°97 reg._ NY Central s %8s *46 NY Cent 45 42 NY Cent con 4s'98 NY Centrf 4182013 NYCrf4%s2013n NY Cent rf 682013 NY Centcvés 44 NY Qent cv 65 '44 reg_ N Y Chi & StL 4546 __. NYC&St L 1st ¢8'37__ NYC&St L 4%8°78 NYC&St L 6%s 74 A_. NYCht1 & St L NY Dock 1st 4 NY Edison 3%s°65 D_ NY Edisref 3% NYL & W 1st NYL& W 4%s'73_ NY NH & H 4s°55 NY NH & H 45 '56 NYNH&H 4s'67 . ___. NY NH & H 4%s "67_. NY NH& Hev 68 48 NY O&W gen 4s 55 NY O&W ref 48 92 _ NY Steam 1st 6s'51 NY W& B4s 46 __ Niag Falls P3%s ‘66 Niag Sh 5148 ‘50 Norf So 1st ref 6861 Norf & W 1st 45°96 __ North Am Co 6s 61 _ North Am Ed 68 69 C North Am Ed 5%s *63._ Nor'n Pac gen 3s 2047_ Nor'n Pac 4897 Nor'n Pac 4% s 2047 North Pac 6s 2047 _ Oreg RR & N 48'46___ Onio Edison 48656 .. Oreg Sh Line 55 46 Oreg Sh L 6s 46 gtd . Oreg W RR 4s 61 - Pac Gas & E13%%8'66_ PacG & E3%8'61 PacG & E 48 64 Pac RR Mo 1st 48°38_. Pac T&T3%8°66C __ Para Broadway 38 '56_ Paramount Pic 6855 _ Park-Lx 6148 '53 ctfs t'enn Co 4s 62 Penn Dixie C 68 41 Penn P&L 4%4s 81 Penna R R3yswi__ tenn RR 3%s 70 C_.. Pern RR con ¢s 48 ___ Penn RR 4% ‘8] D_._ Penn R R 4%s 84 Penn RR gn 418" 65.. Penn RR deb 438 '70_ Penn RR gen 6s ‘68 __ Peorfa & E 18t 48 '40_. Peoria & E inc 48 '90__ Pere Marg 1st 48 '66... Pere Marg 4%s 80 Pere Marq 1st b8 '56._. Phila Co b8 Phila Elec Co Phila & R C&1 6878 __ Phila & R C&1 65 '49__ Philippine Ry 4s°87__. PCC&St L 414540 A__ PCC&St L 4%s'42B _ Pitts&W Va 4345’68 A P1tts&W Va 4%s'69 B Porto Rico A T 6s°42_. Port Gen El 4%s 60__ Postal Tel & C 5853 _ Potomac E1 P3%8°'66 Pure Ol 4%4# 50 ww Pure Ol 4% s 650 xw _ Purity Raking 58 '48__ R-K-O 67 €1 . Reading Jer C 48 ‘61 __ Reading R 4%8°97 A_ Reading R 4%8 97 B_. Rem-Rand ¢ % s'66ww Republic Stl 434s ‘50 __ Republic Stl ¢34 s '66_. Republic Stl 48 61_. Republic Stl 6348 '54._. Revere Cop 4%s'56._. Richfield O1] 6544 _ R1A&L 18t 4%8'84__ RioG Wcol4s 49 A__ Rutland RR 438 °41__ Saguenay Pw4 i s'66 __ St Jo Ry L T&P 58 '37. St L IM&S R&G 48'33_ StLP&NW 5s°48 St L-S Fran ¢s '60A St L-S F 48 '50 A ctfs. St L-S Fran 4%4s'78 ._ St L-SF 4%878 ctsc_ St L-S Fran 6s'50 B__ StLSW2d4s 89 StLS Wgnrfbs 98 . St LS W 1st ter 65’52 1003 1064 12014 12034 101% 101% 9934 1003 10014 10034 635 64 97 94 983 98Y 99% 100 1064 wm 1053 ll&i 2744 % 485 22! 204 108 11% 100 100% 10234 10255 271 2734 1128 112! 104%5 10484 1011 101 102 73 9815 9834 1103 110% 10734 1073 10134 102 d 117 17 n7 11 104 104% 9614 953 100 100 108% 104 10134 10134 9 99 25 12% 993; 991 4915 49% 100 10084 994 994 10415 104% 107% 108 98 ¥8 118Y 114 1045 104% 103%¢ 10435 108 108 9955 100 11334 114 MY Uy 21 21 P43 94l 9544 9544 101 101 102 108 10236 102% 8Ty 37y 163 1615 26 26 108 108 11034 1103 . 120 103§ 100 14 9914 10634 10536 10734 198 9645 96 128 103 56% 217§ 453 284 10134 28} 2835 101 101y w;‘ 100 8L 45 2034 San A & A Pass 4s 43 San An P Svc 68'52 A Schulco 6% s'46 A stp_ Seabd A L 43 ‘50 stp._. Seabd A L ref 4s ‘69 Seabd A L adj 5s 49 Seabd A L 6s 45 A Seabd A L 68 45 ctf Seabd A-F168°35 A ot_ Sharon Stlcv 4%4s°51_ Shell Un deb 8 l 61.. Silesian Am Skelly Ofl 48 '6! Socony Vac 3348 '50__. South Bell T&T bs '41 Southn Cal Gas 4s 65 . Southn Cal Gas 434 "61 South Nat G 4%4s°'51._ SoPac3¥%s 46 ______ So Pac col 48°49._. So Pacref 4s°55__. So Pac 438 '68._. So Pac 43869 ___. So Pac 4%s 81 - So Pac Oreg 4%48'77__ So Pac S F Ter 48 '50._. So Ry gen 45’56 A So Ry gen 68 ‘56 Sn Ry 6%s ‘56 SoRYM&O4s'38 __. So Ry St L. div 4s'61.. S W Bell Tel 335 64 Southw’'n G&E ¢s '60. Spokane Int 5s *55 Staley A B 48 Stand Ol NJ 3s 1 Studebaker ov 68°45__ Swift & Co S%I 60— 136 1% us s 98y 95% TR 98 98 10134 10134 106% 106% 10234 102% 10634 10835 98 98% 97 91y 9% % 10834 1083 891 89y 108 1084 1083 103% 98! 98% 10136 10034 10034 108§ 10214 10234 10834 108 108 108% 1083¢ 1083 6bi 66 65 3b}§ 3534 02 102 102 10834 10834 108% A Tol & Ohlo C3%a" W... Truax T'C6%s 43 . FREIGHT LOADINGS AT 761,109 MARK Moderate Increase Sends Week’s Total 28 Per Cent Above 1936. NEW_ YOI pril 2.—The Asso- cinted Pross susconally sdiusied weekly index of freight carloadings. based on 1929.30 as 100. advanced today to 81.5. compared with 80.0 the previous week and 64.1 a year ago. Range of recent years 1957, 1046, 1935, High_ 815 845 71.1 85" Assoctated Press 6510 The Anochtlun ot American Rail- roads reported today 761,109 cars of revenue freight were loaded during the week ended last Saturday. This was an increase of 1,840 cars, or .2 per cent, compared with the pre- ceding week; an increase of 166,320, or 28 per cent, compared with a year ago, and an increase of 144,589, or 23.5 per cent, compared with “two years ago. LouThe Teport classified the loadings as fol- e This Last week q + 318,490 . —170.218 1934, 1933, 65.9°67.3 595 47.7 Year Miscellaneous Lags than car lot Coal Grain and products West'n districts — m Live stock West'n districts — Forest products +1.141 ‘893 . 1-ponnd prints. 40: tub. 39 00 score, 1+ V4-pound prints, 40 tub, am. 6. sliced ‘bacon, sllb bacon, 28: compound, 13'a: lard, LIVE STOCK—Pigs, 8asls: 9ails: medium hogs. 93 rousfis. Gas: calves. 6al0 Frices paid shippers. net f ington. By the " Bareau ot Abcul tural Economics EGGS—Market about ¢changed prices. Currei hennery whites. 2 Government graded and dated wmu eggs (met prices paid shippers. {. b. Washington). U 8. extras large U. S extras, mediums. U. s. ards, large. 2 LIVE POLLTRY Market steady at unchanged prices Leghorns. light _hogs, Rafla: steady t .m.a> zenerally Fowl. ~col- isa14. 1 Souhds and. up even "rirkers. "old henss 16a18; old toms. 15. Fruits and Vegetables. Sales in large lots by original receivers up o X am. APPLES No cariot arrivals: two broken cars on track _Supplies moderate: demand erate: market steady ~Bushel baskets, N 1 Vabatino o 23,-inch minimum, inch minimum, 130a] mum, 1.65a1.75 1.85 Winesaps 2% ineh m\nimqm > 50. Paragons minimum. 1 4”!\ 50: 2';-inch 1.60al1.65: 234-inch xmmmum a-inch minimum 185 rch mi mum. 1 fieh mivimum, 1668 no minimum. ' 1.008 1157 o9i0th ‘minimum, 17 inch’_minimum. 0 oiinch minimum inch minimum, 1.75: Delicious, inch minimum. 1.65al.7: 5: 23 e m‘mtnum‘ size; Staymans, 2 Yarazons, 15081 Romes. Pennsylvania_and West Virgini Staymans, Delicious, 2.25a: Lowrys. 1.6 P oien Beficiois, 3,008 35 ASPARAGUS—No carlot _arrivals; no cars on track — Supplies moderate,, de- d_moderate: market str Tid crates. dozen bunches—South Car )a4.00; fancy, 2.508 50: choice. 75 CABBAGE—One South Carolina five broken cars on track_ Omit Bupplies ‘market chtly weaker 1la-bushel hampers— Fionda, domestic round type. 1.00: South Carolina._nointed type 90al.00 CARROTS—No carlot_arrivals one car diverted: no cars on track Thursday's one Texas should have read one California. Supplies = moderate: ~demand _moderate: market steady. California. ~Western-let- tuce crates. 6-dozen. 3.25. poorer “half-lettuce crates half-lettuce S8 bushel baskets topped, California ar- rived; two broken and one unbroken cars on track. Supplies moderate; demand moderate. market steady. California, pony crates, 1.50a1.65. CELERY—No__carlot _arrivals: _three broken cars on track. Bupplies moderate; demand mederate: market about steady. Florida, 10-inch crates = individually hed and pre- -cooled. 3-4 dozen, 3.0( few 350: 6-8 dozen. EBonbae LETTOCE One Arizona, one California arrived: seven broken and one unbroken cars on track _Supplies moderate: demand moderate. market weak. Arizona. West- ern crates. Iceberg type. 5-dozen. 5.00a 5.50: poorer lower PEASNo 'carlot_arrivals cars on track. Supplies moderate. de- mand -~ fair._market steady. California. bushel hampers. Telephones. 3.2583.50. FOREIGN MARKETS, LONDON. April 2 (/.—The stock mar- ket closed 'steady after early Weakness. when general selling luxed ‘o and mining issues to sag. .Tobacco and rubber issues abealso Weak and bome Tails and trans- Atlantic stocks sold lower. ~Foreign bonds remained qujet. but cable and wireless shares were under pressure on the capital adjustment program announced by that company._ Prices rallied in the late deal- ings. closing above the lows of the day. PARIS.—The industrial group finished firm in the Bourse today and Bank of i o siock aiso Eained 110 Trancs. Elec- trical ~fssues were mixed. ~while rentes closed slightly lower. Roval Dutch los 10 francs and Suez Canal reacted 70 francs. U. S.> TREASURY NOTES. Rate. Maturit 3 Apr. 15. High. Low. 2:45. 106" 108 1% 1% 954 943 95 95 94¥ 95 106 P 6857 UnEIL& 112 Un Ofl of Cal 3%s 52 Unton Plct%; g (S | ar- two broken | Steel Production Records Broken At Youngstown Mills BY the Associated Press. YOUNGSTOWN, Ohio, April 2.— Steel production records were smashed here in March, the Youngstown Sheet & Tube Co. reported. A world record for 79-inch mills was established by the company’s hot-strip mill with about 85,000 net tons of hot strip produced. The previous local high mark was 76,000 tons in January. An all-time monthly production record was made by Carnegie-Illinois Bteel Co.s Ohlo works open-hearth plant, with 106,000 gross tons of ingots. The previous record was 99,000 tons in October, 1928. Republic Steel Corp.’s Youngstown- Warren district broke all monthly records in steel ingot production, roll- ing mill production and total ship- ments. Sharon Steel Corp. broke strip- mill production records and came near breaking ingot production mark. INVESTING COMPANIES NEW YORK, April 2 (. —New York Se- curity Dealers’ Associatio (Noon quauuom ) | Admin Fd 2nd Inc | Am Business &nrs_ Am Gen Eq Inc. Am Ins Stocks Bancamer Blair Bank Gropp Shrs Bankers' Nat Iny Ccrp Basic_Industry Broad ‘St Inv. __ Bullock Pund ~ ~ Corporate Trust Corporate, Trust A& Corp Tr A 8orh Ty Actum Ber Corp Tr "Acc Mod Cumulative Tr_Sh Depos Bk Tr s NY Depos Ins Shrs Depos Ins Shrs "B c Sec Chemical c _Fo £ Sec Invest Shrs_ 8ec Merchandise JR2=a133 £ Group Sec Tobacco. Huron Holding Incorp Investors Insurance Group Shra Investors Fd “C" = Keyston, Cust Pund l 32 Major Shrs Co Maryland Fu ' e Skx izt E3335 B2 o3 Nor Am Tr Sh 1 Nor Am Tr Sh 1f Nor Am Tr Sh 1958_ Plymouth Fund Inc Quarterly Income Sh Sibervived Bnrs Trusteed Am Bk Triitecd Todustry Shrs Wellington Fund CONSTRUCTION LOANS and LOANS O IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arran n Easy Monthiy Farments MEMBIR BUILOING & association :ewm- o.c. NATK IONAL arnernl -um:mq fi.s“sg_umou BEFORE YOU 11134 11034 11034 10554 10434 10434 1185 1183 118) 10034 100 100 32 32 82 106 1053 10634 10136 10135 1018 613 60% 60% 615 613 613 1073 10835 10634 8134 30 30 1062 106% 1063§ 60 60} 605 1013 101 101 100 9% 993 1058 104% 104% 8214 81k 81k 96 9534 uby 6l 60} b1 a1 on m 10134 10134 10134 10834 10236 10884 9315 92l 921 10154 10034 10034 108% 10634 10634 10834 1083% 10834 3615 3834 3634 106 105 106% 1043 104 104 Un Paoc 1st Un Pac 1st rf 4 lDDl Un Pac 1st rf United Drug 68 sl United Rys St L 48'34. U 8 Rubber 6347 Utah P& L 63 °44 Utl) P &L 5869 ww._. U1 P& L6%8 47 . Vanadium cv 68 41 Ver Sug 18t 7842 ctfs. Va E & P 18t ref 48°65 Va Ir C&C 1st ey Va Ry Ist 3%s 66 A _ Wabasb 1st b8 ‘39 Walker H&S 4% 845 Walworth 48 66 Warner Bros cv 68" 29 Warner-Quin 39 Warren Brev 6s 41. Wash Cent 4s°48 West Penn P 3148 '66._ W Sh 1st 45 2061 gtd__ West’'n Ma 1st 48 '52 West'n Md 6%8°77 Westn NY&P gn 4843 West'n Pac6s 46 Aas West'n Un 43%s '50__. West'n Un 68 '51. West'n Un 63°60 Wheel Steel 4348 '53. White Sew M 6840 - W Sp Stl con 7s ‘35 ot. Wilson & Co 4s ‘56 Wis C 8&D Trm4s'3! T'ngstnS&T $%8 82 Y'ngstn S&T ¢s'61__.. 193 19% 19% 149 146 M6 100 993 99% A MORTGAGE or refinance your home or business property LOOK into our plan that offers you a loan, repayable byconvenientmonthly pay- ments, which, in sddition to saving you commissions and renewal charges, slso gives you a share in the profits of this Association. NORTHERN LIBERTY BUILDING ASSOCIATION §11 SEVENTN STREET, N. W. RISE BROADENS INRETAIL TRADE Post-Holiday Slackening Is Avoided as Shopping Hits Faster Pace. BY the Associated Press. NEW YORK, April 2—Spring shop- ping swept on through the pre-Easter period into the present week with widening stride, Dun & Bradstreet sald today, and retail, wholesale and industrial activities expanded. The after-holiday lull was lacking in the country's stores, the weekly review said. “Many retail stores were better patronized than in the week pre- ceding,” the survey stated. “While men’s clothing, hats and furnishings moved rapidly into the foreground, the women's wear division maintained its dominating position.” “Dressmakers’ cape costumes, three- plece suits, untrimmed coats, dresses and accessories” were among the best- selling items. Sandal-type shoes were in demand. Sales at retail ran 2 to 5 per cent ahead of the preceding week on the average for the country as a whole, but the gain over the same period last year was shortened, due to the rising tide before Easter, the survey showed. In the Middle West, affected by strikes, the advantage over a year ago was 8 to 16 per cent; in the Northwest the improvement was 12 to 18 per cent. In the South the spread over a year ago was lessened, but was still 15 to 22 per cent. Gains per cent, also under the influence of labor strife. On the West Coast was 8 to 15 per cent. wholesale marts. Reordering was on in the Southwest narrowed to 6 to 12 | the addition to last year's volume | After a two-week slackening the | survey showed renewed liveliness in | 8 rising scale and, with Easter ous | el e e P o el | Rocks wholesale buying. “The combined total of orders lified the estimated wholesale volume sub- stantially for the week, but the gain was narrowed to 10 to 18 per cent over 1936, as comparison was made with mounting FEaster buying of a year ago,” the review said. . o CHICAGO PRODUCE. CHICAGO. Avril 2 () weak: special fir (0 centralized catio: 81 unsetiled: extra firsts. ioc 2334; fresh graded firsts. loca] u-ndnas Baps rrent receipts. 24%; storage packe 19 trucks. Potatoes. 36. on track shipments. 650: old stock. barely steady. demand about steady. demand lies moderate cked usset Burbanks U S No. 1. %243 No. 2. 2.30: Wisconsin round wh U 8 No: 1" few anten 33020 mercial _and unclassified. 1.85 nesota Oobblers S. graded. 2.15-25 and partly kota Bliss partly graded . steady. supplies “moderate_ demand fair: carlot track sales. Texas. 50-pound sacks Bliss Triumphs, U. 8. No 1%-inch 1%-inch minimum,. 1.80 arlots, bushel crates. Florida Bliss Triumphs, U. 8. No. 1, few sales, 2.10-15. steady. prices total U. 8. table " stock live, d 226: PHILADELPHIA PRODUCE. PHILADELPHIA April ) —Liye poultry. fowls. brollers. hncy Plymout* 29223 crossb 21a22; turkeys, fancy young hens. 27 Dressed poultry unchanged RUBBER FUTURES. NEW YORK. April 2 (®.—Crude ruh. ber futures opened easy 65 to_&# lower 1.10; July, 2835a40; September Y hsait. Money for Construction Loans | and | | Loans on Improved Properties | Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 First Mortgage LOANS IMPROVED REAL ESTATE At D% Monthly Payments If Preferred Construction Loans District of Columbia, Nearby Md. and Virginia WM. J. FLATHER, Jr., Inc. N T Amortized Loans for buying, building or refinancing loans on your home made under Federal Housing Act, Title 2. This bank has made over $2,000,000.00 of these loans. SECURITY SAVINGS AND } COMMERCIAL BANK 9th and G Sts. N.W. 1518 K Street N.W. Member Federal Deposit Insurance Corporation. L T APRIL 1, 1937 HIBBS BUILDING * WASHINGTO Telephone « National 0540 WE TAKE PLEASURE IN ANNOUNCING THE ADMISSION TO MEMBERSHIP IN OUR FIRM OF JAMES C. ELGIN J. CARL PERRY and PAUL P. RODLER WHO HAV‘E FOR MANY YEARS PAST BEEN IN OUR EMPLOY W. B. HIBBS & COMPANY MEMBERS NEW YORK STOCK EXCHANGE ~ PHILADELPHIA STOCK EXCHANGE NEW YORK CURB EXCHANGE CHICAGO BOARD OF TRADE BOSTON STOCK EXCHANGE NEW YORK COTTON EXCHANGE WASHINGTON STOCK EXCHANGE .D.C the application. {QUESTIONS THAT ARE ASKED ABOUT BANKING]} are glad to have loan applications from non-depositors. Naturally, our first consideration is to take care of the credit requirements of our own customers. We feel that we owe them this consideration and they, of course, throu, us, have usually established credit standing. But a non-depositor need not feel himself barred. If his reputation for integrity and honesty is established, if his credit standing is such to justify a loan of the amount which he needs, this bank will be glad to consider their dealings with Whether or not you are a depositor in this bank, if you wish to borrow, we suggest that you come in and discuss the matter with us. We welcome the opportunity to employ our loanable funds for sound purposes. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. w. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Insurance Corporation [Booklei ing this series may be had upon request.