Evening Star Newspaper, April 7, 1937, Page 17

FINANCIAL. THE EVENIN NG STAR, WASHINGTON, D. C, WEDNESDAY, APRIL 17, 1937. FINANCIAL. *kk A—17 ‘1. BONDS EASE INQUIET TRADING Corporate Issues Uneven, With Railroad Group Down Fractions. Bond Averages SR ingl L o) Rails. Indust. Otil. —.3Unc. —1 93.6102.7 99.7 93.8102.7 998 96.7103.7 100.7 92.7102.7101.9 99.0 104.4 1028 9381027 998 98.2104.4103.1 1936 low--- 86.9101.8 99.3 1932 low. 458 400 64.6 i 1928 hlgh_. 101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon 108.5 Prev. day- 108.6 Month ago 110.7 Year ago- 1117 1937 high- 113.7 1937 low._ 108.6 1936 high- 1135 1936 low__ 110.2 1928 high- 1044 1932 low_. 868 Net change. Today, noon Prev. day. - Month ago- Year ago- 1937 high-. 1937 low 1936 high-. (Comptled by the Associated Press.) By the Associated Press. ! NEW YORK, April T7.—United | States Government obligations were somewhat lower today in quiet trad- ing, while corporate issues were mixed. Government bond dealers said there was very little interest on either side of the Treasury market. Moderate declines were registered by the 2las, the 2%s of 1954, the 27,5 and the 3'gs of 1952 Notwithstanding Wall Street expec- tations of good March railroad earn- ings, carrier liens slid down fractions. Losers were Baltimore & Ohio 4los, « Northwestern 4%s, Illinois Central 43,5, Nickel Plate 4'2s and South- ern Railway 4s Moderate activity in Studebaker shares at a limited gain was accom- panied by a jump of about 2 points * in the convertible 6s. Gains of fractions were turned in | by Bethlehem Steel 4125, McKesson & Robbins 51.s and Texas Corp. 3'zs. A little lower were Youngstown Sheet & Tube 3',s and Western Union 5s. DIVIDENDS ANNOUNCED 7.—Dividends de- i1 e rorased "By the Standard sta- lared” (prepared by s orp.) Extra. o e- Stk of 5 able Rate. riod.Record “ Amer Equitable Assur- ance N Y 10 Commumity Pub Homestake Minin Iocke tSeel Chain Increased. Carpel Corp ————-- Resumed remen’s Insur Co D 200 =2 Intl Silver 7 Elec Prod’ Lope star G 2 tag S6 lst pf Maytag $3 pf Meial & Thermi! North River Insur_. Worcester Salt Commubity Pub Berv_ Homestake Mining Locke Steel Cha Jiail Auto Fibers A vannah Sugar _ o NEW YORK BANK STOCKS! NEW YORK. April 7 (7. —New York Security Dealers’ Association (Quotations as of 2 O'Clock.) Bid Bk of ‘\1311'_1 1'z) ankers Tr (2] & Hap Bk & T¢ @ Ch se Nat_ ( " (hrit)n Bk & Tr (1.80) (‘nhmfi:rcl‘\n 1:“ Cont Bk & Tr (80} Corn Ex Bk A y o juaranty Irving Tr (.60) Manufacturer N ¥ Trus Publie_(1'3) Title G & T FEDERAL LAND BANKS NEW YORK. April 7 (#.—Federal Land Bank bonds: 41as Nov 195 CHICAGO PRODUCE. GO. April 7 _(P).—Poultry, live, 2 toms. 16 3%, Somas up, white nall white and colored, 7 pounds up. 26: Ba2eTe 301a- ot 5 (90 centralized car i 584 weak. exira firsts fresh graded firsts, ca: 215: current receipts, ge packed extras. 24 % "c“d oes 6 an track. 179: total United 749, " Ol Potatoes, 66 s ipments. d stock, Idaho !UIR' i other stock about Russets. slightly wea dy: supplies moderate, demand slow Sack i Idaho Russet re) (90-01) storage sacked per hundredweig! Burbanks, U. S No. todq\lanll '\aq“(d‘lslzt r[r,\O\ 2 ado Red McClures 5 Wisconsin Rn\md Wlnles o sales reported: U. S Commer- Russel Rurals, U, S. No. 1. bl S. No. 1 11 o: Nottn Dakot: Buitn o mpnt: -0 1 and partly e M New stock stendy. suppiics Father light. demand fair: carlot track sales. 50-pound “sacks Texas Bliss Tri- umphs, U. 8 No. 2.10- U. No. few sales 1.75 a sack: hunhel crates. l’x- chh m.nhnum Bliss Triumphs. 9, it ek minimum, 195 & bushel. nnrlda bushel crates. Bliss Triumphs, U. § No. 1, few sales 2.5 a bushel U. S. TREASURY POSITION. B the Assoctated Pre: The, position of the Receipts. 6 407647 07:""balance. st omj' receipts for the BONDS ON N. Y. By private wire direct to The Star, TIEASU 2%s 1949-53 28,8 1945-47.. 3% 8 1948-51, 2% 8 1951-64 2% 8 1956-5: 2%s 1950-60 27%m8 1955-60 reg 38 1946-48 314 194446 3%s 1940-43Tune 3% s 1941-43 Mar. 3% 8 1943-47 8% 8 1946-56._ 48 1944-54 t%s-3us 194845 4% 8 1947-62 381947 _ 851949 _ 318 1964 102. 21,8 1942-44 99. 2% s 198949 381962 . Abitibl Pa&Pw 68 '63_ Akershus bs ‘63 Antioquia Ts 45 A, Antioquia 7845 B. Antioquia 7s '45 Antioquia 7s 46 D Antioquia 1st 78 ‘57 Antioquia 2d 7s'57 new Antloquia 3 78 " Argentine 434 s Argentine 68 57 A Argentine 68’68 B Argentine 6s 59 Jun Argentine 6s 69 Oct . Argentine 6860 May . Argentine 6s ‘60 Sept._ Argentine 6s 60 Oct . Argentine 6s ‘61 Febr_ Argentine 6s ‘61 May . Australia 4%s '66_ Australia 6s'66 Australia 5857 Austrian7s '57.. Belgium 78 65 Berlin Elec 6% Brazil 63s "2 Brazil 6% 8'27-'57. Brazil 78’52 Brazil 8s 41._ Buenos A C 38 '84_. Buenos Alres Buenos A 4%s'76 Au( Buenos Alres 4%S-4%5'76 April_ Buenos A C 6%s ‘65 Buenos A 68 61 st Pv Bue A C 6138 'f1stPv._. Bulgaria 78 67 July coupon oft Bulgaria T1;s ‘68 May coupon off. Canada 2% Canada 3% Canada 48’60 Canada 6s'62 Chile 6860 _ Chue 68°61 Jan Chile 68 61 Sept Chile €8 '61 Febr. Chile 62 62 Chile 63 63 Chile 78 '42 Chile Mtg Bk 686! Chile Mtg Bk 68 '57_ Chilean Mun L Chinese Gv Ry Colombia 68 61 Oct. | Colombia 6s 61 Jan_ | Col Mtg Bk 7846 Col Mtg Bk Ts 47_ Covenhagen t%s ‘53 _ | Cordoba 7s 42 Prv Cuba 6%8 45 Czechoslovakia §8 '51. | Denmark 45 62 | Denmark 5,8 °55. Denmark 6s 42 Dominic 1st 513 42 Finland 68 46 = | Ger Gen Elec 6548 Ger Gov 6% s 65 st Ger Rep 78 49 stpd. | Greek Gov 6868 l Haiti 6852 Hamburg St 68°46____. Irish Free State 58’60 Laly 78 51 ItalCrd PW 78'47B_. Ital PUCrd 78 ’52_ Japan 6%s 66 Japan 6%s 64 Karstadt 6s '43 ct stp_ Kreug&Toll b8 54 cts Mex 45 '10-°45 asst Ige Mtlan 63%s 52 MinasGers 6%s Sept coupon o | Montevideo Nord Ry 6%s ‘50 Norway “%s Norway 4%8s ‘56 Orfental Dev 538 '68_. Oriental Dev 65 ‘53 Oslo 4148 55 OsloG & E 68’63 ParisOrl Ry 6%s '68_. Paulista Ry 78'42__... Peru 68 '60.. Poland 6s 40 Prague Gtr 7%8s ‘53 Prussia 68’62 _______ Prussia 6%s'561_____ Queensland 6847 ... Queensland 78 *41._... Rhein Rhur 6s 51 Rhine W El P 68 '53, Riode Jan 63853 Aug coupon off Rio Gr do Sul 7566 May coupon oft Rio Gr do Sul 68’68 June coupon oft Rio Gr do Sul 8s°46 April coupon off _ Rome 61852 Sao Paulo St 68 '68 July eoupon oft Sao Paulo St 78 40_. Sao Paulo St 88 '50 July coupon oft _ Saxon St Mtg 78'45 Stlesia Prov 7858 ____ Taiwan Elec 6%s'71__ Tokio E L Ltd 6s Trondhiem 538 '57 Ujigawa E P 78 ‘45 Un St1 Wks 6348 '51 A. Uruguay 6s 60 Uruguay 6s Warsaw 785 Yokohoma 65 °61____. Adams Express 48 °47 Adams Express 4s '48 Alleg Corp 68" 44 Alleg Corp 68 '50 stp __ Allled Stores 4% s '50_ Allied Stores ¢%s '51_ Am & For Pw 60 2030 _ Am Icecv 63’53 ___ Am 1 GCh6%s 49_ Am Intl 638 '49 s 1ox me Sical vear (since July R°°°<° 843K, expenditires, , () lnClHflan $2,176,- expenditures, Uebt $34.780. 2 decréass 86678050, under the previous day; including FOREIGN EXCKANGES. NEW ril 7 (P.—Foreign ex- Ton- fteat Britain in-dollars, at Britain, demand, C doted:” Portubal 4. o Erscnosiovaki 14 o Hunxm’y AYKEHUI]R 32671 ¥ 4 < shfinéh{nl Honekong. 4 xico' City ontreal in New York 160.101% In Montreal METAL MARKET. YORK. April 7 (#).—Copper un- electrolytic. spot and future, export. nominal. no quotation. Tin t and nearby. 60.50a60.7 va. . Lead sten Zint. Sieads: East Ty Am Tel & Tel 3%s'¢: Anglo-Chil Nit 7s Armour & Co 4%s 89 Armour & Co Del 45 57 Armour(Del)1st ¢8'65. Armstrong Ck 0 A T&S F RMtav4s'é5. Atl Coast L 18t 48°52. AtIC L un ¢%s 64 Atl Coast Line 6845 Atlantio & D 1st4s 48 Atlantic & D 2d 4548 AtIG & W | 58°69 At] Refining deb 58'37. B&O 1st 48 43 B & O PLE&W V ¢4l B&OSwnbs'50__. and future, 7.50. ' Iron. aluminum. ntimony. quicksilver, platinum and wol: ramite unchanged. 104.27 11328 FEDERAL FARM MORTGAGE. . 101.22 101.16 101.16 100,81 100.24 100.24 RY. Low. |n 16 971 1014 99,30 99.7 98.30 ¥9.29 99,28 102.19 101.80 103.9 108.12 104,81 104.20 104,27 106, 105.8 108.4 109.19 104.20 18.24 101.26 HOME OWNERS' LOAN. 99, FOREIGN BONDS. High. Low. 2:58. 7.1 101.4 99.80 99.7 99, 100. 99.28 102.19 102, 108.10 108.12 104.31 104.20 104.27 106.8 108.8 108.4 109.19 104.24 118.24 102, 9. 99.18 99,14 99.18 100.18 100.14 100.16 2:58. High. Low. 122 4% 1028 79% 8814 2134 2% 943 Bell T of Pa bs '00 C-- Beth Steel 448 fl Bos & Me ¢%s '8 Bos & Me 58 '67 Boston N Y A L. Bot Con M A1,m ‘34 Bklyn C RR 68°41- Bklyn Ed con 3% #'66_. 9814 Bklyn Man T 4%8°66. 99 Bklyn Un El 6s°50 ___ 108 BKlyn Un Gas 58°45__. 118% Bklyn Un Gas fs ‘57 B 107 Bklyn Un G ref 6s'47_ 121 Brown Shoe 3% 8 ‘50 _ 104 Buff R&P con 4%8°67. 86% Bush Term con s ‘55 6934 Bush Term Bldg 68 °'60 63 Calif Packing 58 '40__. 108} Camag 78 42 ctfs 29% Can'dian N R ¢%s'51. 1103 Can'dian N R 4148 °66_ 111 Can’dian N 65’89 July. 113% Can’dian N R58'70 116 Can'dfan N db 6%s ugn 9! Can‘dian Pac 4 - 108% Can'dian Pac 438 '60. 100% Can’dian Pac 5844 ofa. 1113 Can’'dian Pac 68 ‘64 .__. 108) CaroCl& O 68°52 A_. Cent Br UP 4848 . 313 Central Fdry cv 6a’41. 107§ Central Fdry cv 6841 Cent of' Ga con 68 "456__. Cent of Ga 53 '59 C. 122 9874 1014 8% 8234 214 3234 94y 98% 9815 108 118 106% 121 104 84 6 63 108% 20% 110 1103 113% 115 121% 9284 10334 10034 1113 107% 109% 813§ 10634 198 STOCK 2:55. 122 " 102 8% 8214 214 324 943 98% 9814 108 1188 107 121 104 843 69 63 1084 29% 1108 11 118% 118 121% 244 108% 1005 113 107% 109% 3134 10834 198 31 20 EXCHANGE High. Low. 2:55. 1174 117 1173 12974 120% 13975 118 118} 118% 97)4 T4 9Th¢ 10134 10134 10134 10134 1013 101% 10034 10034 100% 08% 92 92 914 91 9% 9 9 9 1063 106 106 10434 1043 1043 1083 10334 108% 1004 100 100% 8115 811 813 a% A% a% 91 9T 9TH 10435 10434 104} 108 108 108 108 108 103 64 6% 64 1 173 26% 264 20% 86 24 563 Ligg & Myers Ligp & Mvers 7 Lex & E Ry 58 '65. Loew's 3%8 46 Long Islref 4849 Long Isld ref 48°49 stp Long Isl deb 68 37_ La & Ark 68’89 L & Nash 3% s 200 L &N 1st4s 2003 L & N unif 45 40 L&N4%s2003C. McKess&Rob 51 8°50 MeCRReclt4s'45 A__. Me C RR gn 4%8'60A_. Manhat Ry 48°90 ... . Marion St Shov 6s°47. Mead Co 68 *45 Mil E1 R&L 68 ‘61 MIIER&SLrf5s'71. Minn & S Lrf4s'49___ Minn & St L 68'34 ctfs. MStP&SBM cn 4838 __ MStP&SSM cn 6838 MStP&SSM 63878 _. MStP&SSM rf 65 ¢6A_ ™o I11 6869 Mo K & T 18t 4390 __. MOK&T4s'62B.__.. MOK&T ¢%s'78 .. MOK & T 5862 A_ee MoK & T ad) 6867 - Mo Pac 4875 . Mo Pac 68 *65 A ... Mo Pac 58’77 F. Mo Pac6s'18 G NET OF AMERICAN Large 1937 Gains Hailed. ‘Tobacco Co. earnings for 1937 should be substantially above those of 1936, Bang & Aroos cv ¢s'51. 1! Bell T of Pa 68 48 B__ 1163 116}{ 116}{ Leh V RR con 53 2003_ 108 98 %3 143 1% 1434 13% 1814 13% 99%% 101% 100% 10034 102 102 102 102 101% 102 10014 10634 10634 98 98 Uy 14 14l 143 1434 1435 143 143 18)5 18% 18% 133 1835 13} 9975 99%4 10134 10134 10045 100% 10034 1003 102 102 102 12 02 102 102 102 10134 101% 102102 10034 100% 10634 1063 10534 10534 100 100 i 20% 208 0% 40y ) el a a 4stg 4oy 87 87 9y LY % % Lk 7Y 78 ki 8% 8 - 1013 101% Raly 83h 843§ 244 26% 97 9784 10534 11y 2134 2134 2136 21% 213y 2134 2135 19 19 18 67 80 30 B4 803§ s08; 21 20 95 97 6415 1083 983 10135 1043 81 10634 32 28% 2934 8139 99 184 12 864 86 % 803 9% 25 ay 614 7475 103% 483 10154 ey 81 106% 31%4 283 2034 813§ 95 18% 12 1038 98Y; 10134 104% 2614 67 10735 107 w975 9934 1025 102 1435 4% 8% 18% 99 99 102 102 10034 10034 1093 10935 11234 111% 195 19% 199 19% 28 2% 263 31 7 28 27% 26% 31 7 81 L 21 923 8215 213§ 8% % 8% 100 9534 2514 66 27 92% 8234 43% 27 9254 32y 213 3y % % 78% 100 100 95 96 2635 263 6 66 6 68 66 3% 43y 43y 823 82 82} DOMESTIC BONDS. 100 101 96 6214 29% 98 100 100 101 101 634 95% 613 613 9% 99Y 98 98 7% 17 M 923 923 9234 10636 1061 10634 4 106 108y 10454 1048 883 883 10234 108 963 9634 9634 961§ 95% 9635 10834 104 103% 10834 10834 10334 10834 1083 108% 1083 1083 1093 109 10935 IV TR Tt 106 106 108 10334 1033 1083 62 4935 49l 4635 4634 46l5 7% 76 76 100% 100% 1008 10614 10634 108} 18 7% T4 - 1113 1103 1113 85 89 8 BT 8635 8634 875 863 8814 993 9834 98}4 108} 1083 1083 104 108 1083 1103 110 2 Centof Ga rf 5%4s'59. Cent Ga MG&A 5s'47.. Cent Il E& G 68°51 _ Cent of N J gen 6887 Cent Pac 58 ‘60 Cent RR BGa 68°37__ Cert'd deb 5%s 48 Champ P& F 4%s'60_ Chesap Ccv 6s 44_ Chesap Corp 58 47 _. 203 2034 101 68 2014 2034 101 675§ 9819 90 86 106 120 18634 9544 9634 117% 107 6314 108 1143 105% 88 118 45% 20 20 58 29y 1045 4t Prive 30 30% 20 48y 106 C&Oconbs'39. Chi & Altref 38’49 .. Chi B & Q gen 48 '68. Chi B& Qref6s'71 CB&Q 111 dv 3158'49rg. Chi & E 111 6s'5) “hi & Erie 1st 58’82__. 118 Chi Grt West 48 ‘69 oy Chi ] & L gen 68 66 . Chi Ind & L zen 68 '66._ CMStP4s’'89. CM&St P68s°76. . CM&StP&P adi Ch &NW gen 31%s'87_. Chi & NW gen 4s 87_. Chi & NW 41482037 _ Chi & NW 4%82037C. Chi & NW 438 49 Chi&NW gen 4s'87 st Chi R 1&P rf 4834 Chi R I&P rf 4s'34ctf_ ~hi R &P gen 48 88 _ Chi R I&P 45’88 ctfs__ Chi R I&P 4%s8 52 Chi R I&P 438 '62 ctf. Chi R I&P 4%s 60 Chi St L&N Me 45 '51_. Chi T H&S 1st 58 60__ Chi Un Sta 3%s'61 Chi Un Sta 3%s 63 E_ Chi Un Sta 4544 _ Chi Un Sta 45°63 _ 105 Chi& W [ncon 4s'52. 101} Chl & W Ind 4%s 62__ 100§ Childs & Co 65 *43 87 ChocO Geonbs'b2.. 388 CinG & E3%s ‘66 - 98% Cin Un Ter 3% s Dgtd 101% CCC&St L gen 48°83 _ 99} CCC&St Lrf 4%s8'77TE 93 CCC&St L ref 58'63 D 108}4 CCC&StL StLdv 48'90. §5 CCC St L Wh Wat Valley 45’40 5834 10844 D e 1054 38 1024 104 1047 (1 CI!V Un Tel 4%8°'77 Clev Un Term s 73 B Colo Fuel&Iron 6s '43_ Colo Fuel & Ir 58 70 _ Columbia G & E 68 52 May Columbia G&E s '61 Col R P&L 1st 4%s'57 1% 106 107 85 108% 10634 103% 101 57. 10435 Comcl Credit 3%s 51 u5 Com Inv Tr 3%s'51 .. 10034 Conn R& L 4%8°51__. 101 Cons Coal Del 58 60 0% Cons Ed NY 348460 103% Cons Ed NY 3%8'56n 1024 Cons Gas NY 4%s'51_ 106% Consol O11 3%8°61 __ 108 Consum Pwr 4% s 66 9734 Censum P un 8%s '65_ 102 Cons Pwr 3%s'70 9914 Container deb 5s ‘43__. 102 Crane Co3%s'61 .. 97} Crown C & S 48'50 105 Cuba RR 18t 5 52 8 Cuba RR 68°36 . __ 56 Cuba RRref 7%5'36_. 64 Cuba RR T%s'36 ctfs_ 65 Cuba Northn 5%s 42 5474 Dayton P&L 3%s*60__ 103 102% Del & Hud ref 45°43 _ 90% 4014 Del & Hud %837 ___ 10014 1004 Del P& L 4155 1044 104Y 308 32% 17% 17 26 1024 1073 1121 107 5934 1028 100% 103 644 LIV 90y 100y 10414 31 Den & R G 414836 _ B28g Den& RG W 68’55 __ Den & RGW 6s'55asst_ Den & RGref 6878 _ Det Edison 31,866 __ 10214 Detroit Ed 4s'65 F . 107% Det Edison 4%8°'61 D_ 11214 Det Edison 6s 62 _ Dul SS& At 68°37_ Duques Lt 4348 57 ElPaso Nat G4%&'61. 1003 Elec Auto Lite 48°'52__ 110 Erie cons 48 '96 8¢ Erfe & Jersey 6s'55 Fed L&Tr 65 '54 B Fed L&Tr 5842 st _ FlaEC Ry 4%8°59 Fla ECRy 6574 Gen Am Inv 58 ‘52 Qen Cable 5%® 47_... 105 Gen Mot Acc 38 46 100 Gen Mot Ass 3% s '61_. 9% Gen Stl Cast 5%8"49__ 908 Goodrich 41 8 '56 9834 Goodrich 6145 106 Goodvear T&R 58°57_ 10434 Goth Silk H 6546 ww. 101 Great N Ry 48 46G .. 128 Sreat N Ry 4s 46 H 107 Grt NRgen 4%e'17E. 102 Grt NR6%8'52 B 118% Green Bay 5362 B____ 1134 Gulf M & N 5550 8 Hock Val 1,599 11534 Hoe (R) 1st mtg 44_.. 9034 Houston O1] 5%s°40__ 102}§ Hudson Coal 68 '52 51% Hudson Co G 1st 58°49. 1173 Hud & Man ino 6s'57_. 82y Hud & Man ref 58 °57_. 76% 111 Bell Tel 338 70 102 Tl Cent ref 4s'56__... 87% [11 Cent 4% s 66 768 I11 Cent ref 6s 97 803 3 84 I11 Steel deb 4348 40__ 107 Inland St13%s 61 .__ 101% IntRT1strf 6866 . 863§ IR T 1strf 5866 ctfs. 8415 IntRT 6832 it R 7s°32 00 oi% IntR T 78’82 ctfs. Interlake 6s ‘61 Int Grt Nr 1085 10414 101 1263 1064 1018 115% 113 98 115 901 1024 5034 1174 8214 (3 10235 878 8% 97i 80Y 8335 107 101% 813 8134 37 Int Grt Nr 1 823 Int Pap 1st 68 °47A_ Int Pap ref s ‘55 9% Int Ry Cent A 638 °47_. uu Int T&T cv4%s 39 Int T&T ¢%s 53, Int T&T (1] Towa Cent 1st&rfés's1. James P& C4s'39. . Jones&L Stl 434 s'61A_ Kans C F 8&M 48°'36._. So 1st 3s 60 5 101% 101% 60 60 8% .90 Keith 6s'46 Ky Cent Ry 4887 _ Kings County El & Pw pur mon 6s '97__ Kings Co El 4849 108 108 148% 1034 108% 1] 6035 148% 148% 103% 103 1063 106% 98 6034 57 @ It 9 (1 Laclede Gas 65 42 A Lautaro Nitr 6 - Lautaro Nit Leh C&N 4% Leh Val Coal 6864 ___. Leh Val Coal 68 '38 Leh V Pcon 48 2008__. Leh V P con 4%s 200 3 76 (7‘)‘ 11434 ) Mo Pac 6s '80 Hct Mo Pac bs 'l Mo Pac 6%s 09 A Mob & Ohio 4%8'77.. Mob & Ohto 6538 __ Monong Pub 8 418’60 Mont Cent 6537 Montana Pwr3%s Mont Tram bs ‘41 Mor&Essex 3% s 2000 Morris&Essex 4148 ‘55 Morris&Essex 68 ‘55 _ Namm & Sons 65 '43__. Nati Dairy 34861 ww. Nat] Dis P C 4%845 _ Natl Steel 4565 New E T&T 1st 58°62. New Jer P&L 4%s 60 New Orl PS5 6858 B - New Orl Ter 1st 48 '53. New OrlT&M 4%8 ‘66 New Orl T&M 6s'51 B. New Orl T&M 6856 C. New Orl T&M 6%8 '54. NY Central a%- 97._-a NY Central 3% s *46___ 1 NY Cent con 4598 NY Cent rf 4%82013._. NY Crf4%820130 NY Cent rf 55 2013_ NY Cent cv 6a 44 NYC&St L 18t 48'37_. N Y Chi & StL 4546 NYC&St L 41878 NYC&St L 5%8 74 A_. NY Chi & St L 68'38 NY Dock 18t 4861 NY Edison 8%= 65 D_ NY Fdisref 318 66 _ NY G El H&P 48 49_. NY NH & H 4855 NY NH & H 4566 NY NH & H 45 57 NY NH & H 4%s'67 NY NH& Hcv 6848 NY O&W ref 48 92 _ NY Steam 1st 58 ‘51_ [ NY Steam 58 56 NY Tel gen 4%s '3 NY W& B4%s 46 Norf So 1st ref 6361 Nort S 1st rf55'61 cfs. Norf & W 15t 45°96 North Am Co 6861 __ North Am Ed 5369 C North Am Ed 54863 | Nor'n Pac en 3s 2047 | Nor'n Pac 4s 07 North Pac 6s 2047 Ohio Edison 48 '65_. Ores W RR 4s 61 Pac Gas & E1 31566 PacG & E3%8 61 Pac T&T 2%s'66C Pan Am PC 6840 ctfs_ Para Broadway 3s 55 Paramount Pic 6865 Park-Lx 6148 '53 ctfs_ Parmelee 6s 44 __ Penn Co 4s 63 Penn Dixie C €8 1004 637y 98 93 110 2u 4215 80Y 4534 4814 3084 1073 10634 10644 17Y% bPenn RR 3%s Penn RR cn 4848 mtp. Penn RR 4%s ‘81 D. Penn R R 4%8'84_ Penn RR gn 4% 865 __ Penn RR deb 4148 °70_ Penn RR gen 68 68 Pere Marq 4% s '80 Pere Mara 1st 58 ‘56 Phila B&W 41877 Phila Co 68 67 Phila & R C&1 6873 Phila & R C&] 68 49_ Philippine Ry 48 37 PCC&St L 4%s 'T7C. PCC&St L 6570 A PCC&St L 58’76 B = Pitts& W Va 4%8 60 C Porto Rico A T 6s 42_ Port Gen El 4148 60._ Postal Tel & C 6853 Potomac E1 P 3% 866 Pure Ol 414 # 50 ww _ Purity Baking 5848 __ Reading R 4%8°97 A_ Reading R 4%s 97 B_. Rem-Rand 4% s’66ww. Republic Stl 434s°50_. Republic Stl 43%s'56_. Republic St] 4%s 61 Republic St1 6%s ‘64__ Revere Cop 4%8'66._. Richfield Ofl 6s 44 Rio G Weol 48°49 A__. RIA&L 18t 4%8 34 __ Rutland RR 4% 8 ‘41 _. Saguenay Pw4 % '66._. St Jo Ry L T&P 58°37. St Law & Ad 6596 St L IM&S R&G 4s° St L-S Fran 4s ‘60A St L-S F 48 '50 A ctfs. St L-S Fran 4%s'78 __ St L-S F 4%#78 cf 8i_ St L-S Fran 68’50 B .. St L-S F 68'50 B ctfs_ StL S W 1st 45°89 StLSWgnrf6s'90._. St LS W 1st ter 68’53 StPKCSL4%s 41_ St P M&M ext 68 °43 __ StP Un Deprf6s'72_. San A & A Pass 48 '43_ San An PSvc 6852 A San Diego CG&E4s’65. Seabd A L ¢s ‘50 stp.__.. Seabd A L ref 48 '59__. Seabd A L adj b5s°'49._.. Seabd AL 68 45 A___. Seabd A L 46 otfs._. Seabd A-F'l 68’35 A ct_ Sharon Stlcv 4%s'51. Shell Un deb 8%s 51 Skelly Ol 45 '51 Socony Vac 3%s'60._. South Bell T&T 5s "41. Southn Cal Gas 4865 Southn Cal Gas 4% '61 So Colo Pwr 65 47 A__ So Pac3%s 46 So Pac col So Pac ref 1043 1043 10834 100%% 148 9534 10134 115 21% 294 1013 100 9934 So Pac Oreg 4% So Pac S F Ter 48 '50_. 80 - 101 Southw’n G&B 45 ‘6 Spokane Int 58 *55. Staley A B 4 Stand OI N J Studebaker cv 46.. 14134 Swift & Co3%s 50 . 104 Tenn El Pw 68°47 A__. 973§ xarkana 6%s '50_... 104 sexas Corp 3%s°51_.. 10134 Texas & Pac 68'77 B_. Tex & P MPT 5%s '64._ Texas & Pac 68 79C . Tex & Pac 1st 63 2000 Third Av ref ¢s 60 Third A ad in ex 58’66 UnEIL & P 6857 Un Ofl of Cal 3%s'62_ Un Ol Calit 2 A 100 102 102% 120 66 5% 111% 943 94 94! West'n Un 6860 110;: 1102 110;2 Wheel Steel 4%8 10434 104} | White Bew M 6s Un Pac 18t 48°47_____. Un Pac 1st rf 48 2008 . Un Pac 1st rf 68 2008... United Biscuit s '50... United Drug 68°63 United Rys St L 4 U 8 Rubber 58'47____. 108% Utah L& T 5844 (A). 97% Utah P& L 6n’44_____ 102 107% 10074 24 101% 873 9085 994 9934 103 108% 108 & 118% 10614 1061 10034 101'% 8% 1024 1104 101% 108 96 100% 106% 104 108 1003 114 133 101 116 10344 26 1615 26 10634 116% 114% 10534 10634 3 1075 183 9614 95%4 17 101 8% 213 29% 1013 100 934 943 107% 107% 107% 8% 100 9% 102 138 1085 108% | rabash 6%s'75 97 101 1024 1193 119% | W Pa P 18t 6863 B __ B4}y 643 | West'n Md 1st 4s'62 111 5 107 100 108 9734 10134 1015 ° Y’ngstn S&T 48 [] sohl 1074 | 1063, | 1064 17 26 23% 18 1044 1004 10134 4% 1024 1105 | 1023 | 10845 | 96 1001 | 100% 114 9614 101 115 1084 36 | 1063 | 115Yy | 114 | a0y | 105% 105% 1073 188 963 961 17 101 68% N 21% 29% 10134 100 8% 1073 1073 107% | Util P& L 6% 47— 1025 10136 1023 102§ 102% 102% 3834 883§ ::;g Wabash 4%8 9636 95% 95% | wopagh 1st 68°39 188 97 108% 108% | Walworth ¢8| 5: 1013 102% 101% 101% | Warner Bros cv 68 1073% 107 1073 | Warner-Quin 68 ‘3 102% 35 10635 106} 10634 | West'n Pac bs 46 A 1 11734 11734 1173 | West'n Un 438 50.. 95 113 107% 100 30% 1084 97% | generally | road | ganization is becoming more insistent, TOBACCO CLIMBS Other Firms Reveal Sharp Increases. By the Associated Press. NEW YORK, April 7.—American Paul Hahn, vice president, said at the annual meeting of stockholders today. He said had the advertising ex- penditure of last year been at the 1935 rate, the company would have earned its 85 dividend. The increase early this year in the price of cigarettes was just about sufficient to offset the increase in the cost of tobacco, Hahn said. Stockholders at many other corpo- ration annual meetings heard reports of increased earnings and improved business conditions, Revere Copper & Brass. C. Donald Dallas, president, told the annual meeting of Revere Copper & Brass, Inc., that net earnings for the first two months of the year were at the rate of $8.04 a share of common stock annually, after metal reserve and preferred dividend requirements. March business continued good, he said. Niles-Bement-Pond. Current business of Niles-Bement- Pond Co. was holding up well and was running ahead of that a year ago, Clayton R. Burt, president, reported. Babcock & Wilcox. At the session of Babcock & Wilcox Co. shareholders President A. G.Pratt said sales for the first three months of the year were up 50 per cent or more as compared with the first quar- ter of 1936. He said the company was operating close to full capacity. National Supply Co. Business of National Supply Co. has been increasing rapidly, John M. Wilson, president, asserted. He said cnnsxderatmn had been given various plans for clearing up arrearages on | the preferred stock, which on April 1 | amounted to $35 a share, Wabash Railroad. Due to sustained increase in earn- ings of the Wabash Railroad and the improved position of the in general, pressure for reor- | the Wabash Stockholders’ Pmteclhe‘ Committee said in a letter sent au‘ shareholders. It said conferences were continuing with groups repre- senting large holdings of undérlying | and junior bonds “which should take more concrete shape before the close of the present year.” Aviation Corp. L. B. Manning, president of Avia- tion Corp., said that the directors at | the annual meeting would recom- mend to stockholders a vylan whereby the early payment of a dividend might be made possible through the sale of certain securities, Louisville & Nashville, An increase of 20.3 per cent in oper- ating revenue and 133 per cent in net | revenue for 1936 over 1935 was re- ported by J. B. Hill, president. The report was made at the annual stock- | holders’ meeting, which re-elected di- rectors, The latter will meet in New | York April 15 to elect the officers. Washington Produce BUTTER—02 score, Ys-pound prints, 39; pound _prints, 37, tub. 36, MEATS—Choice beef, veal 18 lamb 21 ham, 23 33, slab bacon, 14, 1-pound prints. 38; tub. 37. B0 score, 1 Ye-pound prints, 38; 17 16; pork loin, ‘Smoked ham. 26 sitc s tommpound. 150 calves, 24 |Gulf States Plant Expected |at Wilmington, Del, | announced | some Copper Futures Drop Full Limit Of Cent a Pound By the Associated Press. NEW YORK, April 7—Copper fu- tures broke the full “ermissible daily limit of 1 cent a pound today shortly after the opening and in midafter- noon quotations were still 0.85 to 0.94 of a cent below the previous close. The decline followed a sharp reces- sion in non-ferrous metal prices in London, which was said to have been engendered, in part, by rumors of American monetary moves to curb boom prices. These rumors were later denied at Washington. The export price of copper also broke nearly a full cent a pound. The drop carried the foreign price under 15 cents a pound, compared with the recent peak of more than 17. In late trading sales were reported to have been made for foreign shipment at between 14.80 to 14.90 cents, com- pared with 15.75 yesterday. EXPANSIONLIKELY IN STEEL MERGER to Be Enlarged Under Republic Corp. Es the Associated Press. BIRMINGHAM, Ala., April 7.—Ex- tensive expansion of Gulf States Steel plants av Gadsden, Ala., was viewed as “probable” in industrial circles here today, upon action of the Gulf stock- holders ratifying merger with the Re- public Steep Corp., and dissolving Gulf States. In a recent report to stockholders, Tom Girdler, Republic president, indi« cated the company was eager to acquire Gulf and bid more aggressive- Iy in the expanding Southern market, Ratification action of the Gulf stockholders was announced last night and dissolution | as voted there today. | ELECTRIC POWER OUTPUT DECLINES First Important Weekly Drop Leaves Total Well Above 1936. By the Associated Press. NEW YORK, April 7.—Electric power production showed its first im- portant week-to-week decline thus far this year in the week ended April 3, but continued substantially ahead of output a year ago. Strikes in the industrialized Mlddler West and higher temperatures 1n‘ various parts of the country than are | normally experienced this early in| Spring were among other factors| working for a lowered output, power circles said. The Edison Eleciric Institute re- ported output for the United States totaled 2,148,959,000 kilowatt hours, a decline of 2.4 per cent from 2,200,- 143,000 the previous week. The in- crease over production of 1,867,093,000 kilowatt hours in the same period last year was 15.0 per cent. In the preced- ing week the increase over the 1936 | comparative was 18.1 per cent. The contraseasonal decline brought the Associated Press index of electric | power production, with 1929-30 taken | a5 100, down to 115.8 from 119.5 the | pre_cedmg week. A year ago the index, which is adjusted for seasonal and long-term trends, stood at 104.2. The latest figure of 115.8 was a new low for | 1937, while that for the immediately preceding period of 119.5 was a new | high for the year. The range for recent years follows: 1937. 1936. 1935. 1934. 1933. | High ___ 1195 119.8 1055 974 919 Low 115.6 1020 941 919 80.2 Several sections of the country re- 5% INTEREST CONSTRUCTION LOANS Republic's New York office said | today full details of plans will be at Birmingham “in a week or two,” whnen Girdler visits Alabama. Most prevalent predictions here were that Republic may build open hearths. Other unconfirmed reports | were that a tube mill will be added. ity at Gadsden. Before the merger was approved Gulf States brought forward a financ- ing program for expansion at Gads- den, with a contemplated expenditure of from $2,000,000 to $3,000,000. More than 83 per cent of the stockholders indorsed it. In its last financial statement Gulf mately $28,000.000. Republic now has in the Blrmmgham district. FREIGHT LOADINGS. NEW YORK. April freight carloadin, today for the weel C. &0 1_Coast Cen 5 al North'n & B! Norfoll & Weat Pennsyl Bere Marauette Pitt_& L. Erie 8t Logen. Fran. Wabe sh FIRST TRIIST I.OAIIS Reasonable Rates and Commissions VE STOCK-——Pigs. 8'3a%74: light hogs, medium hogs. 9'3a9%:xheavy hogs. 12, roughs, taf: calves, 5al0; lambs, Prices paid shippers net fob. Wash- By the United States Bureau of 1 nomics a. mic: EGGS- rregular lower on extras, large steady. C nery whies, and dated white eggs (n: shippers, Lob. Washington) large. 24 S, extras, LACH ulmlsrd( large, POULTRY stoads: Loshorh he Fowl_ Colored. he: 14a1b. Chickens sizes, mostly 21a . 1310 24 pounds sizes,' 18 Buineas. e Fotkeys: O1d Sens, 16a18: old toms. 1. Fruits and Vegetables. Sales In large lots by original receivers up to 8_am. toda: AFPLES N carlot arrivals: one broken Supplies moderate; demand shel baskets, v an ton prices ' cent mediums. Market _ generall in_better “deman 18al9; Leghorns. car on track. lignt; markei, steads. 8. No. 1, Virginia. S 140a1.50: 1308 nen ‘minfmum, 178814 8 3-inch minimum, 1.65a1.7 orks. 2Va-inch minimum. 1 40a100: in¢h Fainsmum. 1.65a1.75; nch mum. “mostly around 1 85 Winesal 50 2Vytinch minimum, 2.00a2. Delicious Va-inch minimum, 2 i 2ip-inch min frch mimmum, nch minim; 2-inch minimum, imum, 1653175 al.85: Low 2 ofs- mth|mlx’m‘m m. 150810 o intmum. 1.60a 5 e e e e l0nT 10; “+ia-ineh mini- mum. 1.40a150: boxes. Maryland Penn- Sylvania, Virginia and West Virginia, com- Bination extra fancy and fancy. Delicious, Staymans. 2008 omes. ¢ grade, Del 1.65a1.62; No. Jich minimum: 1.50a1.60: G082 50 Staymans, Cartons. on i5HE: Cmarket atgna; mid _crates. do: Bi0a3.75 fancy. 2103 2.89, . ‘Al AGE — One South Carolina ar. rlvgdsslhrl‘r broken and one unhmkex& cars on track. S\IUD‘liirs moder:‘lu cfi:fi‘anr; X‘h-tbus),;‘!?rl"::&nb‘?n Pn(n(cd type. freight rece\ms flfl truck receipts, T g:‘#:r’:deln(zht market steady (‘;p‘!n_rn! Western-lettuce crate do; 10083 . tes, 1206n1.95 TEé‘A Bk 1';W‘/li“-a?i"-onf California ar- ve broken cars on track. Bupplies L‘.Z‘é‘ir.’c’. demand light: market steady. tes. 1.40a1.50 California, crafes. 14081 o re on track. o rand Might: market 10-inch _crates. wire-bound, crates. dozen. XX's. Sotih. - Carolna. bunches. Colgssal. 25 choice, 2.008 one trimmed 1.7582.00. Hish. 60% 00)‘ aou 615 61 61} 10834 1043 1043 291 28% 28% 106% 108% 1063 102 Utll P&L 58’59 ww. Vanadium cv 68 41 Ver Sug 18t T#'42 ctfs. Va E & P 1st ref 4865 VaRy 1st 3&s’66 A__ 5. Wabash 44a T8 ot 100 10034 100% 881 8834 83% 894 394 393 10635 10434 10434 80 9% 19% 9% 95 96 954 95 ¥BY 513 508 50;4 10835 103 103 117 117 117e 101 101 101 1083 1083 108% 3615 36l 86% 85 344 34)¢ 106 10534 10635 ‘Wabash 68 '76 B ctf Walker H&ES 43845 ‘Walworth West Penn P 3148 66 Westn NY&P gn 48'43 West'n Pac 68 46 A as Tyler & Rutherford, Inc. 1512 L Street NW. National 0475 Loan Correspondent Mutual Benefit Life Insurance Ce. BEFORE YOU MORTGAGE or refinance your home or business property LOOK into our plan that offers you a loan, repayable byconvenientmonthlypay- ments, which, in addition to saving you commissions and renewal charges, also gives you a share in the profits of this Association. NORTHERN LIBERTY BUILDING ASSOCIATION 511 SEVENTH STREET, N. W. Established 46 years MEMBER OF FEDERAL HOME LOAN BANK SYSTEM D. C. BUILDING AND LOAN LEAGUE U. S. BUILDING AND LOAN LEAGUE How to PAY OFF Your Present i MORTGAGE OUR Refinancing plan may save you money by reduc- ing the amount of your in- terest costs, and it may en- able you to stabilize your principal payments on a moreconvenient basis.We'll beglad totellyouallaboutit. WEAVER BROS in¢ REALTORS 10474 10434 10434 108% 108 108% 99 98 99 _ 104 uu% xo‘tm Wilkes B&E 18t 58°42. 403§ 404 4 Wilson & Co ¢s 56 993 9934 99% WisCent 1st gn 48°49. 27% 274 27% WisClstgn 4s'¢9ct_. 26% 25 283§ Wis C8&D Trm4s'36.. 18 18 18 tnS&T 8 2. 146 148} 1433 Y'ngstnS8&T 334 - 10035 o5 903 ) West'n Un 68°61 Mortgags Loan Corvespomdeont Matropoltian Lifs Insurance Company WASHINGTON BUILDING DISTRICT 9 Gulf States now is operating at capac- | States listed total assets of approxi- | 25,000,000 invested in equipment | AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage , & Guaranty Corporation 1610 K St. N, NAtL 1403 Competent Advice on INSURANCE Why worry about {insurance matters? Let us outline a pro- gram to meet your individual needs, together with a recom- mendation as to the most eco- nomical and satisfactory poli- cies to give you complete cov- erage. We will be glad to serve you J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. N.W. NAtlL 4673 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. ON IMPROVED No charge is not made. EQUITABLE Buiome you Build, Refinance or REAL ESTATE LOANS NO COMMISSION OR RENEWAL FEES Monthly Payments as Low as $7.50 Per $1,000 Consult us if you wish to obtain money to help ENTERPRISE BUILDING ASSOCIATION 7th St. and Indiana Avenue N.W. MEMBER OP D O. BUILDING AND LOAN LEAGUE MEMBER OP U. 8 BUILDING AND LOAN LEAGUEB flected the lowered output by narrowed gains over a year ago. Percentage in- creases over the 1936 comparative for the major geographic regions were: New England, 17.4; Middle Atlantic, 8.7; central industrial, 16.8; West Central, 6.9; Southern States, 7.9 R{o)cky Mountain, 32.7; Pacific Coast, 2.0. MONTREAL SILVER. MONTREAL, April 7 (7 —8ilv \ gpened. steads, “inchanged to 10 ‘lower: 2y, 45.60b; July, 45.501 5%0n. 5.50b, September, —Bid. RUBBER FUTURES. NEW YORK. April 7. (#.—Crude rub- ber tutures opened weak. 47 to 80 lower; May. 24.98; July, 25.30; Beptember, 25.25. OFFICE flJRNlTURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. NW. Phone NA. 2184 Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEI.BORGER 643 Indiana Ave. N.W. Nat’l 0350 Office Space For Rent 1,300 square feet of exception- ally desirable front space in modern elevator building in heart of business and financial district. Apply Wm. J. Flather, Jr. 1508 H St. N.w. Na. 1753 FirsT MorTGaGE L oANs District of Columbia— Nearby Maryland— and Virginia— Business 5 20 Properties Terms from 3 to 15 Years Also Monthly Payment Loans Randall H. Hagner & Co. Incorporated Homes Apartments MORTGAGE LOAN CORRESPONDENT New York Life Insurance Co. 1321 Conn. Ave. N.W. DE. 3600 First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. for appraisal if loan Interest charged only on unpaid balance of principal. CO OPERATIVE ASSOCIATION 915 F STREET N.W. Ornnlud 1879 0000 Modernize Your Home. 000000000000 0000000000000000000000000000