Evening Star Newspaper, April 8, 1937, Page 19

FINANCIAL. BONDS ON N. Y. STOCK EXCHANGE . 3. BONDS EASE INFRESH SELLING Many Corporate Loans Fol- |} low Retreat of Treasury Section. Bond Averages 20 10 lq 10 Rails. tndust. Ut Pen —1 —1Unc. —2 9351027 99.7 T1.0 93.61028 99.7 T1.2 96.3103.6 100.6 72.7 92.7102.8101.9 69.7 99.0104.4102.8 74.7 93.6102.7 99.7 T1.2 98.2104.4103.1 73.0 86.9101.8 99.3 67.6 458 400 646 422 high__101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon __.1085 Prev. day- 108.5 Month ago 110.4 Year ago. 111.7 1937 high_ 113.7 1937 low.. 108.6 1935 high_ 113.5 1936 low.. 110.2 1928 high. 1044 1932 low.. 868 Net change_ ‘Today noon Prev. day-- Month ago. Year ago_. 1937 1937 1938 1936 1932 1928 (Compiled by the Associated Press.) BY the Associated Press. NEW YORK, April 8—United States Government obligations bowed to renewed selling today and many corporate bonds followed the retreat of the Treasury list. Treasury 2725 of 1949-53 was a pivot of the selling. At one time it was off 10/32, but held above the lows of the break last week. The decline in Federal issues was resumed in face of reports the Re- serve banks had entered the market with buying support, in line with the recent decision to help keep it “or- derly.” Early rallying tendencies in con- vertibles and other bonds with specu- lative appeal were checked by a fresh downturn in stocks. A number of second-grade rails were inclined to move higher, among them St. Paul 5s, Rock Island General 4s, Missouri- Pacific 5s. Off fractionally were Alleghany 5s, American Telephone 31s, Santa Fe General 4s, International Paper 5s and Union Pacific 313s. MAR-TEX OIL BUYS BIG TEXAS HOLDINGS By the Associated Press. NEW YORK, April 8—The Mar- Tex Ofl Co., largely owned by Hous- ton, New York and Baltimore inter- ests, has concluded the purchase of the Bennett Petroleum Corp.’s inter- esis in the East Bryson field, Texas, consisting of 17 producing wells, it was announced by Henry B. Thomas, Ir,, president. et DIVIDENDS ANNOUNCED NEW YORK. April 8.—Dividends de- clared (prepared by the Standard Statis- tics Corp.): Extra. Pe- Stk of Rate, riod. record Homestake Min . $2.00 4-20 Accumulated. $4.00 __ Regular. nagur Pap Mills oF 5 Calgary Bow 6% bt 1 su - Qollins 0 Pay- able. 4-20 5-1 Plymouth Cordage Plym Cord emp stk 25¢ St Bchmidt Bremn: Simmons United Bre? cor™ em rel £ Weflnern Cartridge Weston (Geo) Ltd 5 An]ur Mach & Fndry " : a) c ntl szar Mach Loew's pf ~Modin, £ Oitboard Martne” NEW YORK BANK STOCKS NEW YORK. April § (#.—Over-the- counter market bank and trust companies opening bid and asked prices: Bid. 347, 56l S S | 00 000 DDODDD OO O ORI o000 Asked. Bank of Manhattan (1%)- 36 Chase (1 o City (1) "~ Commercial (8) First Nn;mml (100) 15) s Brooeton Frust @ Central Hanover (4) _. Ehemical, (1.80) Continental " (.80 gorn Exchanse (3) Empire £ Gunnnty (1") = Irving (.6 Tawsers Rust Manufacturers New York Trus Tl Giaransy & Prust CHICAGO PRODUCE. CHICAGO. Avril 8 (®.—Poultry, live, 28 trucks, steady to firm. hens over 5 pounds, 18; 6 pounds and less, Leghorn hens, 17%2; colored fryers, 20: Plymouth and White Rocks 27: colored broile: Whi ck, 20; Plymouth Rock. 26% “ backs. 25 roosters, Leghorn 5 turkey hens, 20} toms, 16 2 lurke)s. 15; ducks, 4'3 pounds Up, White and_colored, 19%; white and’ colored. 15: geese. unds, 20: less than 7 pounds, 25. utter. 9,907, unsettled: creamery lneclul (93 score). 31 extras (92), extra firsts {'IUD\) 01z-%4; firsts B 20%-30%; standards (90 “cen- tralized carlots) *30° 2673 receipts, 'sturne 24; packed Potatoes, 66: on track, 176: total United Btates shipments. 776." Old stock about steady. supplies moderate. demand light; sacked per nunuredwmm Idaho Russet Burbanks, U."8. No. 2.50-85: mostly "BXS No. 2 piacuicaly e Trom mots 2nd. clipped nds” 3 58530 McClures, ~ 2.80-05; Whites, 8. N . blers, U North Dakota Bliss Trimphs 0o s No.0i and partly graded. 2.45. New stock steady. supplies moderate. demand good: carlot and les than carlot track sales, Texas, 50- pound sacks Bliss Triumphs. —_— 1337 storage, Coloradg Red ‘Wisconsin nd TU. 8. TREASURY POSITION. BY the ated Press. Tre position of he Treasury on $20,4 8; ex 5 % ance, $1.801.213. Slg for the mom,h f5, the fscal vear, (since qur Rt difures: excess of expenditures. 4. 781.4/ 5009 03 ln increase 31. ufi&ls'“{ 1, h $5017188.912:20 of Taactive old. NEW YORK PRODUCE. EW YORK April 8 (P _—Egss, 23,723, upsettled. Mixed colors rds, 24% ;. storage packed firsts, o: frste, 3l Other mixed brices unchansed: we Creamery, LEXUTa ©3 rs 01 “scores). 3034~ Yoo fiecnndsfl(fll 87 'scores). 50 1a-8014; ntralized (90 score). 31 ®Ceese, BR 918 “Arm~ Prices unchanged. oLive poultry, by freight. steady. ‘Ehick: Rocks, ‘16, Fowls, Leghorns, 19. Gibier trelght prices un:h-nuu PKILADELPHIA PRODUCE. )ELP] ril 8 (#).—Live poul. 1T prmoud Rl e < S0H s breds, fancy, B1-34: ultry—8pring ducks, Long Is- NTREAL, April ver & S0 Mower: TREASU l%l 1949-58 . 194547 cee 1948-61 eee 195164 e 1956-59 —mme 2% 8 1960-60cuaee 38194648 ______ 38195156 BYw 1946-49____ 3% 1949-52____ 3491941 318 1244-48 838 1944-46 1940-43June 3% 1941-43 Mar. 3% 1943-47 3% » 19486-5 48 1944-54 44 0-3%8 194345 4% 1947-52 102.| 2% 19424 l% 1943-44__ ADbitibi Pa&Pw 6s 53 Adriatic Elec 78 '52___ Antioquia 24 78’57 new Antwerp 6s ‘58 _ Argentine U&l 'll Argentine 63 ‘60 Sept_ Argentine 65 60 Oct.__ Argentine 65 '61 Febr_ Argentine 68 ‘61 May._ Australia 438 Australia 63 °55_. Australia 6357 Belgium 5. Belstum 75 56. Berlin 68 58 — Berlin Elec 65 '55_ Brazil 6%s *26. Brazil 6% 8'27-'57. Brazil 7a’52_ Brazil 83 41_ Brisbane 55 '57 Brisbane 55 ‘58 Buenos A C 3s Buenos Alres 4%s-3%8'TT Py____ Buenos A 4%8'76 Aug Buenos Air 4%5-45 576 April . Bue Al ¢3,8-4%5°75__ Buenos A C 6860 Oct. Buenos A 6861 5t Py_ Bulgaria 7567 July onapon oft Bulgaria 7348’68 May coupon off._. Chile 68 '62_ Chile 6s 63 Chile Mtg Bk 65 Chile Mtg Bk 68 °62_ Chile Mtg Bk 6148 '57. Chilean Mun L 7s"60_. Chinese Gv Ry5s'51. Colombia 6s 61 Oct._. Col Mtg Bk 638 '47_ Copenhagen 4%s '53 Cordoba 7s ‘42 Prv. | Costa Rica is A 'B: Cuba 58 °'04-"44 Cuba 4155’49 Cuba 5%8 45 Denmark 43, Denmark 6358 Denmark 6342 Dominic 1st 634540, Dominic 18t 6% s 42 Dominic 635861 ext__ Fiatdeb7s'46. ____ Ger C Bk A 68 ‘60 July Ger C Ag Bk 68’60 Oct. Ger Gov 5348 65 at, Ger Gov 538 65 un st. Ger Rep 78 '49 stpd. Grt CElJap T8 "44__. Haiti 6852 Ital P U Crd 7s 53 ltaly 78°51 Japan 6%s 54 - Karst6s '43 ot st prin_. Medelin 63,8 ‘84 Met Wat 6515850 Mex 48 10-'45 asst sm Mexico 6533 sm asst_ Milan 63%s 52 Minas Gers6%s ‘58 Sept coupon oft 56_. | Montevideo 78 52 _. Norway ‘14865 Norway 4. '66_ Norway 6843 Norw Mun Bk 58 '7 Oriental Dev 53 58 Oriental Dev 6s ‘53 Oslo 4348 '56__ Paris Orl Ry 63 Pernambuco 78 '47 Sept coupon oft_____ Peru 68 '60. Peru 6861 _____ Peru 7869, Rhine W E1 P 65 °53__. Riode Jan 638 ‘63 Aug couponoft_____ Riode Jan 8s'¢6 April coupon oft____ Rio Gr do Sul 68 "68 June coupon oft Rio Gr do Sul 75’67 June couponoft. ___. Ri0 Gr do Sul 85 '46 April coupon off Rome 63%s 62 820 Paulo C61s 57 May coupon oft Sao Paulo St 78 40. Sao Paulo St s ‘36 July coupo: Sao Paulo St 50 July coupon oft Silesta Prov 7858 Taiwan Elec 6% Toklo 6% s 61 Tokio E L Lt Ujigawa B P 7845 Uruguay 6s 60 _ Westphal El Pw 68’53 Yokohoma 6= ‘61 _ Alleg Corp 68 44 Alleg Corp b8 49, _. Alleg Corp 58 '50 Alleg Corp 68 ‘60 stp. Allied Stores 4348 51 _ Am & For Pw 6p 2030 Am I GChb6%s 49 Am Intl 6% s 49 Am Tel & Tel 3% Am Tel & Tel 348 ‘66 AmT&T ¢%8'39 __ AmT&T6%s 43___ Am T F 2% 8-52'38-'50. Am Writ Paper 6847 Am Writ Pa 68 47 ofs. Anaconda deb ¢ %s '50 Ann A 1st ex in 48 '95_ Anglo-Chil Nit 7s°67_. Armour & Co 4%s 39 Armour(Del)1st ¢8°55 Armour & Co Del 4s 57 A T&S Fe gen ¢s ‘95 AT&S Fe 44848 _ AT&S FeC A %862 Atla&Ch A L 68 '44 Atl Coast L 18t 43 53 AtiIC Lun4k%s 64 Atl Coast Line 68 ¢5 Atlantic & D 1st4s ‘48 B&O ¢%s 6 B&Oilst4s B&O1stbs'48 Balto & O ref 5s'95 A &O6s 58 F O ref 63 3000 D_. Oref68'96C. ___ O PLE&W V 45’41 B & O Swn 6850 i B & O Toledo ¢s'5! Bang & Aroos cv 48’51, Bell T of Pa 6848 B. Bell T of Pa 58°60 C__. Beth Steel 35866 Beth Steel 4148 °60_—_. 8 B& B& B& MO P} opened” easier. ""57» aly . 45.50b; September, As‘fu‘ ] Bos& Me 4%s'61J.__ Hy 97.1 1018 99.28 RY 9 98,27 99.28 101.29 108.7 108.9 104.80 10418 10412 104.80 104.24 106.4 108.1 109.17 104.20 118.2¢ FEDERAL FARM MOITGAGL - 996 381947 """ 10112 101 49 100.20 104 101.16 101.12 101,16 HOME OWNERS' LOAN. 98.26 98, 9.8 100.8 100, FOREIGN BONDS. High. Low. 2:58. By private wire direct to The Star, . Low. 2:55. 96,16 100,29 11s.21 99.6 1018 .14 100,14 98.20 98.28 98, 100.2 10654 1064 106 84 18 101 84 13 101 84 13 101 998 993 99% 10134 101% 100% 10034 102 102 101% 102 10134 102 10084 106% 10834 10834 7% 19% “0 41 4134 1% 4934 1003 10034 [13% ki kid 1% 8035 1012 833 1103 10134 101% 10084 10134 101% 10034 10034 10034 102 102 1% 102 1013 102 10034 108% 106% 1083 117 19% 20 €0y 4l ay a8y 10034 10034 6635 DOMESTIC IDND& 9634 102 102 101% 102 1013 102 10034 108% 105% 108% 11 1945 20 403 a1 1% 48% 100% 10034 5634 76% 7 1% 80 101% 83% 25 26 7 1% 105 21y 213 21 213 214 195 1935 1934 18% 67 30 208 valg 9 1063 ek 9744 ¥6Y; 10624 10634 1125 1128 166 963§ 156 96} 1083 1083 10735 10734 10834 10445 108} 10834 10934 10934 111 111 1103 110% 993 100 04 108 81 6% 106 nt 110 9034 Yoass 813 76% 10834 11 110 11834 11534 11634 128 12136 12134 983 03§ 9834 lfll% lfll’i Bos & Me 58’65 Bos & Me bs ‘67 Bot Con M Als'34 . Bot Con M 68 ‘34 ct_ Bklyn C RR 6841 Bklyn Ed con 3% 866 Bklyn Man T ¢%s 66_ Bklyn Un Gas b8 45 Bklyn Un G Brown Shoe 8%s 60 - Buff R&P con 4%s‘67. Bush Term con By-Prod Ck 6% Calif Packing 6 Can'dian NR 438 51 Can'dlan NR 4 66, Cav’dian NR ¢ Can’ NR%s 65 Can‘dlan N 65'69 Oct Can'dian N db 634846 Can'dian P db 4s perp Can‘dian Pac 4%s '46_ Can'dian Pac ¢%s ‘60 Can’dian Pac 5544 cfa. Can’dian Pac 6s ‘54 CaroC1 & O 6s'38 Central Fdry cv 68°41. Cent of Ga 68 '69 C Cent Ga Chat 4 CentINE&G Centof N J gen Cent Pac 1st 4549 rg._ Cent Pac bs 60 Cent RR B Ga 58'37__ Cert'ddeb 6%s 48 __ Champ P& F 4%s'50. Chesap C cv bs 44 Cheaap Corp 6847 Ches & 0 8%8°96 D. Ches & O 3%s 96 B C&Ogen414a'92 Chi & Alt ref 3s Chi B & Q gen 4568 Chi B& Q ref 5: 5 ¥ Chi & E (11 6: Chi & E 1158 n] ctfs Chi & E 11 con 6s '34 Chi Grt West 4869 ___ Chi | & L gen 63 66 __ CM&StP gn 413’89 C. CM&St P 6875 CM&StP&P ad) 582000 Ch &NW gen 3% '87_. Chi & NW gen 4s '87__ Chi & NW ¢34s 2087 _. Chi & NW 4% 49_ Chi&NW 4% s '87 Chi & NW gen b8 87 Chi Rys 1st 5827 Chi RI&P rf 48’34 __. Chi R I&P rf 45'34ctf_ Chi R I&P gen 438 Chi R I&P 4%s 60 Chi T H&S 1st 58°60__ Chi Un Sta 334861 __ Chi Un Sta 3%s 63 E_ Chi Un Sta 4s ‘63 Chi & W in con - Chl & W Ind 4%s Gi - Cin Un Ter 3% 8 D gtd CCC&St L rf 4%s'77 E CCC&St L ref 68 '63 D CCC&StL StLdv 48'90. ClevEl 11 3%8°65 _. Clev Short L 438 '61_. Clev Un Tel ¢ %8 17 Clev Un Term 63°73 B Clev Un Ter 6%s '72A. Columbia G & E deb SRSTAnEN. 0 Columbia G & E s ‘62 M Columbia G&E 68 '61_. Colum Ry P&L 4s '65_ Comel Credit 8% s '51_ Com Inv Tr 3%s 51 d NY 334856 0 as NY 4348 ‘51 011 334861 Cons Pwr 33870 Contatner deb b Crane Co 338 51 _ Crown C & S 48 '60 _ Crown Wil P 68 '51 Cuba RR 18t bs ‘52 Cuba RR 6836 Cuba RR ref T34s Cuba Northn 5%s 42 Dayton P&L 3%s ‘60 Del P& L 4% Den G & E 58 Det Edison 3%s 66 Detroit E4 4565 F Det Edison 44861 D_ Det Edison 55 '52__ Dugques Lt 44857 B_. Elec Auto Lite 48’52 Erte coni Erie gen Erieref 5s 67_____ Erieref 5s°75 Erfe & Jersey 6s°'55 Fairbks Morse 48 56_. Fed Lt & Trac 58 °42__ Fla EC Ry 43859 Fla EC Ry 6874 Gen Am Inv 58 62 Qen Cable 68 47 _ Ga Caro & Nor 68 '34__ Gen Mot Acc 38 46 __ Gen Mot Ass 335 '51_ Gen Pub Sve & Goodrich 44856 Goodrich 6s 45_ Goodyear T&R 68 °57_ Goth 8ilk H 6346 ww. Great N Ry 48 46 G__. Great NRy 8 46 H__ Grt N Ry ref ¢3s'61 4 GrtN R gen 4148'76 D. Grt N Rgen 448’77 E. Grt NRgen 68’73 C__ Grt NR6%8 52 B_. Gulf M &N 0 Gulf M & N 638 '50 Gulf States Ut ¢4 w46 Hock Val 434899 ___ Hoe (R) 1st mts 44__ Houston O11 648 40_ Hudson Coal 68 ‘52 Hud & Man tnc 6s '57__ Hud & Man ref 6s '57_ L1l Bell Tel 3%s ‘70, 111 Cent 8348 62 L1l Cent col tr 48 Il Cent 4% s 66 1CC&StL N O 6¢ Il C St L&N O 68’51 1L Steel deb 4148 40_ Inland St13%s 61 Int R T 1st rf 6866 LR T 18t rt 6866 ctfs IntR T 6s 32 IntRT 78 32._ Int R T 7832 ct: Int Agrcl6s 42 atp, Int Grt Nr 6s 62 A Int Grt Nr ad) 6552 A lor Hydro Elec "o {nt Mer Marine 68 '41_ int Pap 1st 68 47A Int Pap ref 6s 55 Int Ry of C A 68 '72. Int T&T cv 4358 39 Int T&T 43863 Int T&T 62 66 lowa Cent 1st&rt4s's1 Jones&L Stl 4% 8’614 Kans C F S&M 48 36 Kans C So 1st 38 60 Kans City So ret 6s ‘50 Kan C Term 1st ¢s ‘60 Kans G &E+ %= '80 Keith 6s . Kro Laclede G 6%8 53 C... Lacleds G 6%s 60D _ Lakd Lautaro Nitr Leh C&N 4348 Leh Val Coal 6864 Leh Val Har 58 ‘64 Lenh V P oon 4s 3003 Leh V P con 4348 2008 Leh V RR con bs 2008 Leh Val Term 5841 _ Loews 348 46 - LIRR & Myers 68 ‘51 _ Long 1sl gen 4538 Long Is1d ref 4549 stp Long Isl deb 68 37 Lorillard 78 44 .. La & Ark bs 69 L & Nash 3%s 3003 L&N 1st4s 2003 ____ L&N+y%s2003C. L& N 632003 B L & N S&N Ala bi CSA, MeCRReclt 48’45 A _ Me CRR gn l%:’lflA Marion 8t Shov 65" . 108 High. Low. 2:58. 83 w24 83 11836 118y 101 101 10834 104 844 BaYy 69 69 10334 10834 1033 108% 1uoan m o 11034 1103 1125 1123 116 116y 12284 1224 92 284 1035 108% 1004 1003 11084 11084 10734 10734 10436 10434 106 106 20 20 853 3534 9934 49934 6714 68 1075 107% 9T4 98 90 90 86 86y 108 106 18 119y 13514 1363; 95 95y 9546 9544 1173 117% 531 54 108 108 11434 114y 37 814 86 864 101 101 45 20 6434 30 1084 a 5 29 19% 4634 46 n 213 194 36 12% 924 102 104 4 106% 100% 991 8614 98Y 1013 9234 10334 9534 107 110 100 1083 1L 1083 ut 1t 11034 112% 1163 105% 11 10214 1028 10234 10215 998 10034 1034 1083 iy 944 10014 10034 10314 103% 10134 10134 1064 10634 102 10234 97 91 101% 101% 983 98% 102 102 9734 9734 1044 10434 1045 7 16 1013 105 39 9934 9874 102 EL T 108% 10334 100 1243 126% 106 1063 1113 11134 10136 10134 10134 10134 10024 10034 1155 116% 9% 97% 10434 10434 103" 103 118% 116% 30 0 10235 10234 50k 5034 303 304 Y w2 102 863 863 80 80 Yy 76% 828 823 110 100 106% 1063 10134 1013 8135 811 8ily 8134 87 ang 8% 8% 8% T8l 10234 10235 101 101 343 13% 87 99%4 105% 1045 100 1283 107 1113% 1015 10234 10034 16 975 10434 108 115% 58)5 684 88 EL) 893 89y, 107 107 10834 1084 985 9815 9Bl 10834 106 106@ €03 6035 6084 6034 6044 v8Y4 - “ @ 84 _ 05! 3 643 flg 10234 10235 102}4 635 61}y 61}y 70 68 68 Y T6Y TbY 10684 106%4 10684 W% VT DTk 1184, 11834 118}y 102 102 102 10115 1003 1008§ 100 100 100 . 1275 1273 1274 1l W0l Wik 924 914 91l 98)5 9814 98} 104 104 104 .. 10634 10634 1083 8% 18 118 10834 10884 1 1047 10834 10834 1 non 100 L00Y 10034 813 8L 81 a1 sl a8y e e MK 91 97 { High. Low, 2:855. Mead Cofs®b .. __. Met W 8 E1 Cr 4s'38__ Mich Cent 314852 MIBER&SLrt 6s" MStP&SSM 68 ‘38 gtd. MStP&SSM 6% '49. oo I11 68 ‘69 1044 62 MoK & T ad) 68°67 Mo Pae 48’75 Mo Pac 58'18 G Mo Pac 58°78 G ctf Mo Pac 6s ‘80 H Mo Pac 514849 A - Mob & Oh M div 58’47 _ Monong Pub 8 4% #'60 Mont Cent 6s 37 Montana Pwr 3% '66_ Mor&Fssex 3%s 2000 Morris&Fssex 4%8s ‘5§ Namm & Sons 6s°43__. Nati Dairy 3% s 51ww. Natl Dis PC 4%#'45 Nat) Steel 4565 New Eng RR 68 '46 New E T&T 1st bi New Jer P&L 4% New OrIGNR 68 83 A_ New Orl PS6s'62 A__ New Orl PS 68’56 B _ New Orl Ter 1st 45 ‘53. New OrIT&M 418 '56 . New OrlT&M inc5s’35. NOT&M 614 5'54A cfs._. NY Central 3%8°97 __ NY Central 3% s *486 NY Centcon 48°98 __ NY Centrf 41,8 2013.. NYCrf4%s2018n.__ NY Cent rf 8 2013_ NY Centcv 65 44 NY Cent cv 6s 44 reg... NY CLSh3%s'08 NYC&St L 18t 48°37__ N Y Chi & StL 4s'46__. NYC&St L 4%s'78 __. NYC&St L 5%s T4 A_ NYChi&StL NY Dock 5s ‘38 NY Edison 8%s'65 D_ NY Fdisref 3% s'66__ NY G F1 H&P 48 49 NY G Fl H&P 6848 NYL& W 1st 4873 _ NY & Harl 3148 2000 NY NH & H 45 '55 NY NH & H 4356 NY NH & H 4557 NYNH&H 434887 NY NH& Hev6s'48__ NY O&W gen 4 NY & Rich G 6s NY Steam 1st 6347 NY Tr Rk 68 '46 stp NY W & B434s'46 Niag Falls P314s'6 Niag Sh 634850 = Norf So 1st ref 5s 61 Norf & W 1st 48'96___ North Am Co 5s ‘61 North Am Ed 5% °63_ Nor'n Pac gen 35 2047_ Nor'n Pac 4897 Nor'n Pac 4% s 2047 Nor'n Pac 5s 2047 D. North Pac 65 2047 Ohio Edison 48’65 Ogden L C ¢8°43 Oreg RR & N 4546 Oreg W RR 4361 Pac Gas & E1 33566 PacG & E3%8°61 PacG & E 48 64 Para Broadway 3855 Paramount Pilc 68 ‘65 Penn Co 4363 e Penn Dixie C 6841 __ Penn O & D 4%8"77 Penn P&I. 44 = 81 Penn RR 3K s'52 _ Penn RR 3%# 70 C_ Penn RR con 48 '43 Penn RR4%s°'81 D Penn R R 4% s ‘84 Penn RRgn 4%8'65 _ Penn RR deb 4148 70 Penn RR gen 68 '68 People GL&C rf 58'47_ Pere Marq 1st 4866 Pere Marqg 4% Pere Mara 1st Phila B&W 45 *43 Phila B&W 4143 '81 Phila Co 58 67 Phila & R C&] 6873 _ Phila & R C&1 6s°49__ Philinnine Ry 4587 POCRSI L, 4% PCCESEL 4158784 3 PCC&St L 4%s*17C__ Port Gen E1 4% 60 _ Porto RIco A T 6843 _ Potomac F1 P 31 8"66 Pressed St] Car 5a'51_ Pure Of1 41 » 50 ww Pure Ol 4% s ‘60 xw__ Reading R 43 Reading R 414 Rem-Rand 41 w Republic Stl 43%8°60__ Republic Stl ¢34 s 56__ Republic Stl 414s'61__ Republic St1 63 s '54__ Revere Cop 4% 856 _ Richfleld O 68’44 ctfy RG W ist exin ¢s RIA&L 1st 4348'34 Rutland RR ¢%s ‘41 Saguenay Pw4 i 566 __ St L IM&S R&G 45°33_ StLRM& P 58’55 St L-S Fran 4s '60A St L-S F 48 '50 A ctf; St L-S Fran ¢%s ‘78 __ StL-SF 4% w78 cf st_ St L-S Fran bs ‘60 B = Sl L-SF68'50 B et tLS W st 4s '59 t L & rf 689 t L 18t ter 63'53_ tP SL4ks 41_ Ql P M&M ext 68 43 San A & A Pass 4843 San Diego CG&E4s'65 Seabd A L 4550 stp . _ Seabd A L ref 4869 Seabd A L adj 6549 Seabd A L 63 46 A Seabd A L 6s 45 cts = Seabd A-F1 68’36 A ct_ Shell Un deb 3% '51_ Silestan Am 7841 Skelly Oil 48 ‘51 Soconv Vac 2% s '50 Southn Cal Gas 45’65 Southn Cal Gas 43% 61 So Colo Pwr 6347 A __ So Pac 3%, s 46 So Pac col 4849 So Pao ref (11 So Pac 4% 8! So Pac 4 So Pac 4% s ll - So Pac Oreg 4% 577 So Pac 8 F Ter 48 ‘50 So Ry gen 4n'66 A So Ry bn '94 2 So Ry gen 68’66 __ 8n Ry 81%4n 66 S W Bell Tel 3%4n 04 Southw'n Q&K 4n 60 Snokane Int fa *56__ Staley A B 4s'48_ Stand ONN N J Studebaker av 8. "4 Bwift & Co 3% 50 Texarkana 6% e ‘80 T-xu & Pao b ' 11 rexan Corp 84861 Third Av ref 4s 60 Third A ad in ex w’ Tol & Ohlo C 3% s Un il L& Pbs UnElL&PBY Un Ofl of Cal 3% 'Bl Union Pao 8%48°70 Un Pao 3%s ‘71 UDn Pao 18t 4847 Un Pac 18t rf 4# 2008 Un Pac 1st rf 68 2008 . United Drug s ‘63 United Rys 8t L U 8 Rubber bs ¢ Utah P & L b8 *44 Utll ® &L 68 69 ww. UdIP&LE%s"47____ Vanadium ov 68 '41__. Ver Sug 18t 7843 ct: Va E & P 1st ref 46'55 VaRy 1st 3% Va8 W con bs Wabash ¢%4s "Il..._... Wabash 18t 5839 100)( Wabash 2d 6s 39, Wabash 6876 B Wabash 68 80 Doceee. S sSw sw KC M. 34 . 1063 101% 60 61 10434 2834 10834 10134 uu 104 10234 614 118% 105% 9% 963 103 1015 731 102 7Y 10234 1104 1013 2714 10735 1034 9514 100 104 2% 100 10035 100 10544 105 1084 974 10815 1083 103§ 107% 993 11 10834 63 79 20 101 9 n7 4 108 unyg 9874 10635 1088 107 180 9634 953 1015 10035 [ 825 1013 10834 10834 1104 [ 98 1103 1043 118 101% 893 603 10434 2834 10834 10134 9434 37K 104 124 12} 124 104%% 10435 104% - IMM 10234 mn 1021 110% 101% 274 1074 104 951 10034 104 2% 100 1003 100 10534 108 107 973 1081 1083%; 1083 10775 100 1 112y 83 101% 1005 6 223¢ 1013 10834 10834 1108 943 93 11035 10435 13 101% 8936 603 10434 283 10634 10134 4% 3¢ 98)¢ | Wis Clst gn és'éd et 28 l'l}( 3T 8T D. C, THURSDAY, APRIL 8, 1937 HARDWARE TRADE CONTINUES CLIMB Retail Sales for March Reach New High Mark of Year. Spectal Dispatch to The Star. NEW YORK, April 8.—Helped by an Easter season which has come to be a major period for gift-giving, March ended with retall hardware store sales, at least in the cities, at a new high level for the year. Through- out the entire country, at the present time, there is & rush on outdoor goods, particularly farm and garden items, hand tools, base ball goods, roller skates, bicycles, velocipedes and wagons, A new rush in recent weeks has added strenuously to the shipping programs of hardware manufacturers and jobbers, Hardware Age will say tomorrow in its market summary. All have been loaded with extra business, placed to forestall price advances, and it has taken hard work to order, and to fill orders, within the close time limits available. Many hardware merchandising concerns have specified for supplies nearly up to the limit of their storage capacity and credit, but a fair balance has been maintain- ed by the slowness of mills to ship, and the willingness of retailers to buy early and liberally. More recently wholesale hardware buying has been dropping back to normal, as the spec- ulative advantages expire. Until the many hardware lines af- fected by the March changes in steel have been refigured and repriced, other mark-ups on finished goods will continue—probably for some weeks to come. Manufacturers must of neces- sity pass along increases equivalent to the recent rises in their costs, but not many of them seem disposed to over- reach. In most quarters, the danger is recognized of putting the brakes on demand by raising prices faster than the people’s buying power increases. IWashington Produce BUTTER--02 score, 1-pound prints. 3 Ya-pound print ub. 90 score. pound prints. YlBound printe: 3%; e beet 17 18 Te: calves, SOmpound. 1574 lard: LIVE STOCK-—Pigs, 812a8%: light hog: fadla; medium hogs, 9128834 heavy hog Blaalllal roushs. 0as: calves. 5a10: lam val i aid shipoers net Lob. Wash- lnk,:o 5" By ¢ . 8. Bureau of Agricul tural Econamity 5S—Market about chaswed prices Current receipts. 2112 hennery whites 2. _Govern- imeili graded and dated white eggs (net rices paid shippers. f.0.b. Washington): B 5. extras. large. U. 8. extras. me- steady at tandards. large, 2213, Y_Market steady: prices unchanged. - Fowi—Colored. heavy. 15819 Leghorns. '14a15. Chickens. Rocks and Grosses, all sizes’ mostly a few at ghorns. 13 to A\mll‘er sizes, 18. OId guineas. each. Turkeys—Old hens, 16al8; foms. 15 3 Fruits and Vegetables. Sales in large lots by original receivers | up to ¥ a.m. today. APPLES—No carlot arrivals: no cars on track. Supplies moderate: demand mcdfl'lu market steady Bushel baskets. U N S!lymnns 2Ys-inch ‘old mlmmum 658 ine Ty mmxmum. nch ‘minimum. Golden Deitcious. Syuines miny SL85: 2%-inch minimum. 2 inch minimum inch mintmum; 1.6081 inc! mum. 1.85a1.%5; 3-inch minimum. 1867 Lowrys Iucinch minimum 2¥%-inch minimum, ‘1 508 S-inch minimum. 8 Boxes Masziant Pennay] Virginia and West Virginia, combi extra fancy and fanc: : Staymans. 2.00a>.25. Rome: c .ndr—Dehcl:)u( Staymans. 16581 Dehcxcus Gol cious L AR ARAGTES Tt riek receipis moderate: supplies moderate: demand moderate;,mar- ket ~steady. South Carolina. pyfamid grates, doten _bunches—Colossal. ~ 3.008 3, fa .00: choice, 2.0082.50 CABBRGE “Gae - Florige “one " Honth Carolina arrived: one broken and two un- broken cars on track. Truck receipts mod- erate; supplies moderate: demand mod erate. market steady. South Carolina, 1} %0 bumel hampers, pointed type. freight re- | ceipts. 90-1.00; truck receipts, 75-85. Al No cariot arrivais: one br ken car on track. Supplies moderate: d mand moderate: market steady. Californis Wenem lettuce dozen, 3. "AULIFLOWER—] carlot ln’lvlls, ee brnken cars on track. Supnplies mod. te: demand moderate: market steady. California. crates, 1.50. 5 g] ' Arizona arrived: ten broben oae on_track. Supplies moderate: demand slow: markei about steady. A Zona, Western lettuce crates. fcebers top 5 dozen. 3.50-4.01 ONTON OMichigan _arrived; broken and one unbroken cars on track. Supplies moderate: demand light: market steady Pifty-pound sacks. 1’\q1xcnmn and New Y 1arger. ork. veilows. Colorado. Valencias. 1 3 inches and EAS Ny carlot arrivals. mo cats on track. Bupiiies Tnoumeient b hgte Potato Market Steady. POTATOES—Eight Maine arrived: seven broken and nine unbroken cars on track. Old stock: Supplies moderate: " demand moderate: Qe hundred : Maine. Green ountains. monuy m‘mmd 2.50: New York, Round Whites, 2.95-235. Pennsylvania, Round Whites, W igner: Idsho. Russet Burbanks 3.50. New stock: Dlles lient: demund Hght: market steadv. da, bushel crates, Bliss Triumphs. 0y 15-2.25: few double-head Spaulding Rose. U. 8. N timore. 6.50-6.7. SPINACH—No carlot_arrivals: one bro- ken and one unbroken cars on track. Sup- plies moderate: demand moderate: market fieady. Bushel baskets, Savoy U 8. No. 1: Bouth Carolina ' &5 mr “Condition; 80 Texan 90190 Virinta, 70 STR. TES e receipts very Ueht supolie ey HRhEs demand m erate: ‘market steady. Florida. 36-pint crates. 6.50-7.00 per crate. E) POTATOES—No carlot arri no cars on track _ Bupplies moderate: mand light: market sieady. North Car lin, ‘bushel baskets Puertc Ricans. 125 1.35: fair_auality, 1.00: Maryland. Anne Arundel” County, “bushel hampers. Jersey No. 1. via TOESL—No Seviot dreivais: po chcs track. = Supolies moderate: demand Tignt market steads. Fiorida. Jug boxes. Kreen. Wrapned 6x0 and larcer. 2.50-3.00: ordinary condition 1502 Yrrapped. 3.25-3.50: 67, 00- 2.80; voorer wer. M BLES—One California IRt TR M T fii: “marict steady, - Florida. < bushel er lower. 1)!“'%-—%%" lies ~ Muht: | idemand B e e 5 B0 amanl sise; 160, Wabash 5348’76 88y Wabash 6%s ‘75 6tfs Wabash Oma 3%s ‘41 ‘Wabash Des M 45°'39_. Walker H&S ¢% Walworth 4856 Walworth 6s '656 n Warner Bros cv Warner-Quin 6s°39 _. L | 3 84! s 81 69 6y 104 104 9% 19% 9% 95 9% 9% 49% 50 i i £ 102% 102% 928 92% 101 101% 10634 108}, 25 85 35 36K 10434 10434 108 108 West Penn P 3%s '66. W Sh 18t 48 2061 gtd _ West'n Md 1st 48 °53__ 101% West'n Md 53877 __ 108} t'n Pac6s 46 A __ 35% 1' L ‘mm 82 1415 140 = 11 5 it —eer 10034 9974 100 1 one | HIGHER ALUMINUM PRICES OPPOSED Alco Will Try to Hold Metal at Present Levels for 1937. B the Assoctated Press. PITTSBURGH, April 8.—The Aium- inum Co. of America announced today it would attempt to maintain its pres- ent prices throughout 1937 in an effort to restrain advances in the prices of durable and consumer goods. Arthur V. Davis, chairman of the company’s Board of Directors, made the statement of policy and simul- taneously announced a $26,000,000 ex- pansion program. He sald the company would build immediately a large plant at Lafayette, Ind, for manufacturing shapes and tubing. An official company state- ment said: “On the important question of in- creased metal prices due to abnormal demand for all metals, Mr. Davis pre- dicts that there will not be any run- away market in aluminum. “He stated that the management of the Aluminum Co. of America is sym- pathetic with the effort to restrain advances in the prices of durable and consumer goods and that the policy of the company for the remainder of 1937 will be to maintain present prices and make advances only if necessary to meet increased costs of labor and raw materials.” Washington Exchange SALES. Potomac Electric Power 6% pf—2 at 112%. Mergenthaler Linotype—10 at 46, 10 &t 46, 10 at 46, 10 at 46, 4 at 46. AFTER CALL. Capital Traction 55—$1,000 at 9314, $1,000 at 931 Potomac Electric Power 5% % pfd.— $1,000 at 112. Washington Gas 5s 1960—$1,000 at 117, $1,000 at 117. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Tel 4%s Anacostia & Pot. Anacostia & Pot Guar. Bs.s & P Tel. of Va_ss Ead Rraction: RORS City & Suburban 5s Georgetown_Gas_1st 65 __ Pot. Elec. Pow. 3les Wash. Gas bs 1058 __ Wash| Gas 5s 1060 = Wash. Rwy. & Elec. 45 __ 107 MISCELLANEOUS, Col. Country Club 5%s 105 vash. Mkt. Cold Btorage 5s 100 STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. (9) *169 Capital Transit Co. N Steamboat (6) Pot. Elec El Po Bid. Asked. 106% 76 7 Pow A% otd (ON £ g0 112 Vash. 3.6 | Wash. Ry. & Elec. com (36) 740 Wash' Ry, & El. ofd (5) 108 BANK AND TRUST COMPAN ) | capital @-- | Liberty (4 Lincoin (18287 ) | Washington (8 | Amer. Sec. & Trust Co. (e8): Natl ‘Sav’ & Tr. | Pr Georges Bk,_& Tr. (.50) Wash. Loan & Trust (ef)_ Bank of Bethesda (h.75) Com. & Bavings (10) FIRE INSURANCE. ) Bhoy- American Corcoran, Firemen Netional “Onian (.60) ‘TITLE INSURANCE. a (30) ___ 1 tate (6)__ " __ MISCELLANEOUS. Carpel Corp. (2.00) . Lanston Monotype (14) Merganthaler Lino. Peoples Drug 8. com. Colum, . t1 oaid June 30. 1938: 45c paid 1936 FOREIGN EXCHANGES. NEW YORK. April & (. —Forei change easy. Gres: Britain in 15 in cents. et S d 4.8914: cables, . deman 60-day bills. 4.5811; Faance, de- ex- ollars. 23.607 .85 trav Norway, 24581 28,25 " Dentmark. . 21 Bwitserland, | 2276, ork {n Montreal. 00.90 n—Nom ina) RUBBER FUTURES NEW YORK. April 8 (7.—Crude Tub- | ber futures opened firm. 31 to 45 higher. May. 24,63866; July. 24.04a08! September 24.96a9 Independ=nt Pneumatic Tool Co.— | 1936 common share earnings after |surhx were 32 92, -gninst $2.34. OFFICE I"URNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. NW. Phone NA. 2184 BUILDING LOANS at Low Interest Rates (Montbly Repayments) WE HAVE ample funds available for loans on large or amall projects in the Dis- trict, nearby Maryland and Virginia. It will pay you to find out about our Mortgage Loan Plan. WEAVER BROS inc REALTORS Morteags Loan Corverpmdont Matrspuiisan Lifs Inrurance Compeny. | year sales aggregated 337,181, FINANCIAL Montgomery Ward Sales for March Up 40.6 Per Cent B the Associated Press. CHICAGO, April 8.—Montgomery Ward & Co., reported March gross sales of $34,931,168, an increase of 40.6 per cent, compared with a year ago. The company said the gain over a year ago is slightly misleading largely because there was one more business day this year, weather was better and Easter, came two weeks earlier than in 1936. Bales for the first two months of the current fiscal year totaled $57,091,733, a gain of 33.71 per cent compared with the corresponding 1936 period. GENERAL MOTORS VOLUME JUMPS Domestic and Foreign Sales ‘Reach New Monthly Record of 260,965. BY the Assoctated Press. NEW YORK, April 8—New sales records were set by General Motors Corporation in March, the company reported today. March sales of cars to dealers in the United States and Canada, plus ship- ments overseas, totaled 260,965 units, # new monthly record. This compares with 74,567 units in February and CARRIERS BOOST SPENDING IN 1536 Buying of Fuel, Material and Suppiies Increases 35.5 Per Cent. By the Associatsd Press. NEW YORK, April 8.—How much increased railroad loadings quicked the spending pulse of leading systems to the benefit of widely scattered industries in 1936 became apparent to business observers today. Buying of fuel, material and sup- plies by class 1 railroads jumped 35.5 per cent in 1936 to $803,421,000, best since 1930. The total, reported by the Bureau of Railway Economics of the Asso- clation of American Rallroads, was about $235,000,000 under 1930 however. Although wide gains in purchases of iron and steel, bituminous coal, fuel oil and forest products were recorded, an important—though less spectacular—rise was that in buying of miscellaneous materials. In 1936, takings of these products jumped to $180,715,000 from $146,021,- 000 the year previous. For instance last year the cldss 1 systems ran up a bill of $14,011,000 for stationery and printing; $8,161,000 was spent for passenger car trimmings, and $13,- 419,000 for electrical materials. Other miscellaneous industries which also benefited were suppliers of glass, drugs, chemicals, painters’ materials, lubricating oils, grease, illuminating oils, waste material, commissary goods and locomotive, train and station 196,721 in March, 1936. The previous peak month was December, 1936, when 239,114 units were previous record March was in 1929 with 220,381 cars. World sales for the first three months in 1937, however, totaled 439,- 200 units, compared with 500,167 for the same period in 1936. The lower first quarter this month reflected the temporary shutdown of operations due to the strike. Sales to consumers in the United States totaled 196,095 last month, a record for March, topping the previous year. Consumers’ sales in February aggre- this year sales to consumers totaled 340,693 units against 379,950 in the like 1936 period. Dealers in the United States bought | 216,606 cars in March, also & new monthly record. This compared with 162,418 units in March a year ago. The previous monthly high in sales to December, last, with 197,065 cars. Sales in Pebruary, 1937, totaled 49,674 cars. In the first three months of this com- pared with 410,314 a yéar ago. J. C. PENNEY VOLUME JUMPS 21.7 PER CENT B3 the Associated Press. NEW YORK, April 8—J. C. Penney sold and the| March record of 181,782 made last | gated 51,600 cars. In the first quarter | United States dealers was made in| supplies. Buying of all materials, including fuel, dropped abruptly from $1,038 - 500,000 in 1930 to a depression low of $445000,000 in 1932. Since then purchases have expanded with freight | car loadings, with the exception of | 1935, when buying slackened slightly | despite & modest increase in the move- ment of freight. If current predictions of continued recovery in car loadings are borne out, it is likely a further upswing in purchasing by railroads may be in the offing, analysts say. | CHICAGO, April 8 (#).—Railroads purchased $1,041,000,000 worth of | equipment and supplies during 1936, | Railway Age said today. The figure, the magazine said, was 65 per cent above 1935. New locorao- | tives and cars bought last year were | valued at $192,800,000. It was the first year since 1930, the report said, that purchases exceeded $1,000,000,000. Estimates for January, 1937, showed purchases as $54,749,000, or $21,732,000 above January, 1936. PREFERRED STOCK CALLED. NEW YORK, April 8 (#) —Ameri- | can Smelting & Refining Co. an- nounced that, pursuant to a resolu- tion of the Board of Directors, the second preferred stock has been for- | mally called for redemption on June 1, next, at $105 a share plus accrued dividend of $1. Co. reported sales for March of $19,- 822,685, an increase of 21.7 per cent over the 1936 figure of $16,282,558, history of the company. The first three months showed sales at $49,- 993,320, compared with $43,944,259 in 1936, an increase of 13.7 per cent. QUITS RAIL BOARD. CHICAGO, April 8 (#).—Sewell Avery, president of Montgomery Ward & Co,, resigned as director of the Chi- cago Great Western Railroad, which is in the process of reorganization. His resignation was announced at the annual stockholders’ meeting. Money for Construction Loans ’ and Loans on Improved Properties 36 lialy. demand. | Sermany. | Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Sveden | SAFETY MONEY FOR BUILDING AND REFINANCING Thorough [ TERMS AS LOW AS Protection $150 PER $1,000 PER MONTH PRUDENTIAL BUILDING ASSOCIATION 1331 @ $t. N.W. Suite 30458 Dlst. 6270 Monthly $6.60 on pay off loan leges. Other plans mortgage H. L. RUST 1001 Eifteenth St LONG TERM Mortgage Loans ||| ProPERTY MaNAGEMENT and the largest for that month in the | EFFICIENT management is most satisfactory to both owner ond tenant. WE specialize in the man- agement of il types of in- vestment properties and are now Manoging Agents for some of Washington's most | important buildings WE would welcome the op. i portunity of discussing { your management problems with you. Randall H. Hagner & Co., Incorvorated Real Estate i me Conn. Ave. N.W. DE. 3600 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 © i these loans. § SECURITY SAVINGS AND COMMERCIAL BANK 9th and G Sts. N.W. 1518 K Street N.W. Member Federal Deposit Insurance Corporation. ATERILCIL e A G %mm Payments of each $1,000 borrowed, include interest and in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 662/4% of appraised value. ® Valuable prepayment privi- of financing first loans avaiiable COMPANY NAtiona! 8100