Evening Star Newspaper, April 8, 1937, Page 20

A—20 x¥%x FINANCI1AL, .COPPOSITSSET [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ALLTIME: HIGH Controller’s Call Reveals $341,222,841 Total at End of March. BY EDWARD C. STONE. Total deposits in Washington's 22 banks aggregated $341,222,841.56 on March 31, 1937, it was learned by The Star teday following the controller’s call for the condition of all banks in the District on that date. This is a new all-time deposit peak. The con- troller also asked for the condition of all national banks in the country at the close of business March 31. The total of $341,222,841.56 on March 31 of this year compares with a total of $334,042,127.40 on deposit in Capital banks on December 31, 1936, the date of the last previous call by the controller. The December figure also established a new high mark at that time. The gain reported today was $7,180,714.16 in the past three | months. Today’s survey disclosed that 16 of the banks in this city had larger de- posits on March 31, while deposits in the six others were lower than three | months ago. Today’s call had been expected on March 4, but the con- troller sent it out to cover the full first quarter of the calendar year. The 22 Washington banks reported the foi- lowing deposits on March 31: Deposits on March 31, 1937. American Sec. & Trust_ $53,816,082.35 Anacostia Bank 1,774,868.39 Bank of Com. & Sav 3,265,762.81 City Bank _ —--eee= 17,621,456.82 Columbia Nnnunfll ---= 5,193,631.36 East Wash. Savings.. 1,060,846.89 Hamilton National .. 23,762,822.76 Industrial Bank .. 481,540.34 Liberty National .. 7,390,313.19 Lincoln National .. 10,185,731.93 McLachlen Bank ...... 5,178,174.78 Morris Plan __ 1,648,117.66 Munsey Trust 5,692,030.79 Nat. Bank of Wash_. 10,064,609.07 National Capital _____. 3,112,040.21 Hational Metropolitan_. 29,649,905.25 National Sav. & Trust 18,172,637.68 Riggs National __. 97,785,716.94 Second National . 8,239,586.92 Security Sav. & Com. 7,495,187.51 Union Trust - 11,829,954.54 Wash. Loan & 27,801,823.37 $341,222,841.56 Simultaneously, the Federal Reserve Board issued a call for condition of | more than 6,000 member banks on the | same date. This includes the 5374 national banks covered by the con- | troller’s call, which also are mv:mbers\ of the Reserve system. The Federal Deposit Insurance Corp. | issues only two calls a year, and did not join the other two agencies in the call today. Bank Debits Rise Sharply. ‘Washington banks, which are mem- bers of the Federal Reserve System, reported debits to individual accounts in February as $236,526,000, compared with $209,469,000 in February, 1936, or an increase of 12.9 per cent, the Federal Reserve Bank of Richmond states in its latest review. The report indicates a notable pick-up in check activity and supplies further definite proof of steady business expansion in the Capital. The report further shows that in the banks of 24 fifth district cities, includ- ing Washington, February figures ex- ceeded February, 1936, totals by 16 per cent, every city except Lynchburg reporting higher figures for the 1937 month. Charleston, S. C., with a 35 per cent gain, showed the greatest in- | crease over the 1936 returns, while gains of more than 16 per cent were | shown by 1” of the 24 cities. | Three Maryland cities reported an | average increase of 14.7 per cent in! February of this year over debits a | year ago. Seven Virginia citie. gained | an average of 14.5 per cent, two West | Virginia cities had a pick-up of 22.2 | per cent, seven North Carolina cities | were Jp 21 per cent and four South Carolina cities 20 per cent. Baltimore was ahead of Washington with an increase of 14.7 per cent. Richmond, however, we slightly under the mark for this city. Elsewhere in the report the Rich- mond bank compares othe: important items reported by 41 member banks on March 10 with March 11, 1936. During the 12 months loans and discounts rose by $29,752,000, of which $27,981,000 represented commercial, industrial and agricultural loans, while only $1,771,- 000 of the increase represented loans on securities, Investments in securities rose $51,194,000 during the year chiefly because of purchases of Gov- ernment securities. Demand deposits ‘were up over $53,000,000. Bank Declares Dividend. Directors of the Washington Loan & Trust Co. declared the regular quar- terly dividend of 2 per cent at the April meeting yesterday, payable May 1 to stockholders of record on April 22. It will be the 179th consecutive dis- bursement of this kind. Books will be closed from April 23 to May 2, both dates inclusive. The Washington office of the Inter- national Business Machines Corp. re- ports that January and February of this year were the best two nonths in the history of the company from the standpoint of earnings. The report added that despite increased wages, cost f materials and taxes, earnings in 1936 were the largest the company has yet recorded. The McCann-Erickson Advertising Agency, New York, reports that several State safe deposit associations con- nected with the banks are planning a special advertising drive to stress this type of protection. The matter is to be given special attention at the con- vention of the National Safe Deposit Association to be held in Washington early in May, with the safe deposit section of the District Bankers’ Asso- ciation acting as host. Today’s Trading on Exchange. Mergenthaler Linotype figured in several sales at 46 on the Washington Stock Exchange today. Potomac Elec- tric Power 6 per cent preferred stock came out at 112!5. Capital Traction 5s again sold at 93, and Washington Gas 5s at 117. Carpel Corp. stock has been added to the ex-dividend list. Between 70 and 100 bank officers and senior clerks attended the forum meeting of Washington Chapter, American Institute of Banking, last night in the board room of the Amer- ican Security & Trust Co. E. A. Goldenweiser of the Federal Reserve Board, spoke on “Reserve. Require- ments.” Refreshments were served. Mark Sullivan, jr., who is associated with Auchincloss, Parker & Redpath, bas been a recent visitor in Wall Street. British-American Ofl Co., Ltd, By Private Wire Direct to The Star. 2:15 p.m, Prev 1937 Stock and High.Low. Dividend Rate, 63% Acme Steel (4. 15 Adams Exp ( 24% Adams Millis (bl) 3114 Addressograph (1) 3 Advance Rumely___ 69% Air Reduction (1) 3% Air-Way Electric__. 137 Alaska Jun (t60c)._. 3% Alfeghany Corp..... 43% Alleg pf ww $30 3615 Alleg Steel (b40c) ... 2581 225 Allied Chem (6) _.x 33% 25 Allled Mills (b50c)_ 21% 85 80% Allied Strs pf (5) 831 63% Allis-Chalm (b50¢) _ 39% 30% Alpha Port Cmt (1). 8% 4% Amal Leather __ 114% 101 Amerada Corp (2)-. 41% 28 Am Bank Note (f1). 75% 60 Am Bk Note pf (3). 80% 58 Am Brake Sh (12)__ 1% % Am Bra Shrts Ap 15 121 105% Am Can (t4) __ 174 153% Am Can pf (7)_ 71 56 Am Car & Foundry. 104z 92% Am Car & Fy pf(b4) 90% 72 Am Chain& Cabl__ 134% 115 Am Chain & C pf 5. 105% 100 Am Chicle (t4) 29 Am Coal of Alleg Am Colortype __ Am Comcl Al a50c__ 27% Am Crystal Sug b2_. 8!x Am Encaustic T Am & Foreign Pwr_. 46% Am & For Pw $6 pf_ 54 Am & For Pw $7 pf 20% Am & For Pw 2d p 18 Am Hawaiian (1) * 6% Am Hide & Leather_ 37 Am Hide & L pf (3)_ 46! Am Home Pr t2.40__ 2%a Am lce 17% Am Ice pf (2) . __ 13% Am Interntl (a40¢)- 43 Am Locomotive __ 22% Am Mach & F (+1) __ 10% Am Mach & Met 60c. 5014 Am Metals 2213 Am Metals pf (6) __. 62 Am News (N Y) (3) 11% Am Power & Light_ 55‘«. Am Pw & Lt pf (5).. 6 Am Pw & Lt pf (6)_ % Am Radiator 160c__ % Am Roll Mill $1.20_. Am Safty Raz (12)_ 1% Am Seating (a23%)_ Am Shipbldg (2) ___ 105% 88% Am Smelt & Ref(3) 1075 105 Am Sm & Ref pf(6) x 154 142 Am Sm & Ref pf(7) x 67% 60 Am Snuff (13) __ 148 142% Am Snuft pf (6) ___ 8% 57%; Am Steel F (b50c) . 115 109': Am Steel F pf (1) 261 21 Am Stores (2) . 567% 475 Am Sugar (2) 143 Am Sugar pf (7). 187 16815 Am Tel & Tel (9) 7813 Am Tobacco (5) 80% Am Tobacco B (5) 152 Am Type Founders_ 21 Am Water W (80c)_ 9% Am Woolen E 64 Am Woolen pf (bl) s Am Writ Paper (d) . 4'x Am Writ Pap pf (d) 6% Am Zinc & Lead __ \ 44%; Am Zinc & Lprpf__ 5215 Anaconda Cop (t1) 83 Anaconda Wire (12) 18 Anchor Cap (60c) 29 Andes Copper 51 A P W Paper 41 Archer-Dan-M(+2)_ 7 Armour(lll) blse._ 96 Armour(Il1)pf(7) _ 5914 Armstrong Cork(2) 13% Arnold Cnst b62 %c, 13 Artloom Corp _. 18% Assoc Dry Goods - 6912 Atch T & S Fe(a2)_. 44 Atl Coast Line(al). 24 Atl Gulf & Wst Ind_ 30% Atl Refining (11) ___ 2 16% Atlas Corp (80c) .. 5013 Atlas Corp pf (3) _.. 724 Atlas Pwdr (b75¢) - 125 Atlas Pwdr pf (5) 281 Auburn Auto __ 7'% Austin Nichols 39% Austin Nich pf (Vl) 6% Aviation Corp Del.. 8 Baldwin Loco (d) - 7i4 Baldwin asd (d) 881, Baldwin pf asd (d).. 20% Baltimore & Ohifo _, s Baltimore & Oh pf__ 10 Bangor & A pf (5) .. 357 Barber Co (a76¢) .. 3% Barker Bros pf 2% 26'x Barnsdall (1) -x 16'%x Bayuk Cigar t75¢c 2414 Beatrice Cream t1__ 101% Beatrice pf ww(5) _. 2 105 Beech-Nut Pkg(t4). % 12% Belding Hemin (1) 235 Bendix Avia(b25c) Benef Ind Ln (b%5¢) Bethlehem (allg) .. 185 Beth 5% pf (1) - 120% Bethlehem pf (7) 53 Bigelow-San bi0c 30 Black & Deck b50c.. 22% Blaw Knox (b20c) 90 Blumenthal pf(a21) 33% Boeing Airplane 41 Bohn Alum & B(3) . 851 Bon Ami A (4) == 41% Bon Ami (B) (23;)- 26'% Borden Co (1.60) __. 72% Borg-Warner (4) 8Y% Boston & Maine____ 16% Bridgp't Br xrts 60c Bridgp't Br rts Ap29 45Y% Briggs Mfg (t2) __. 4375 Briggs & Strat (3) .. 41% Bristol-Myrs t2.40_. 40 Bklyn-Man Tr (4).. 5% Bklyn & Queens___. 25% Bkn & Q T pf (3) . 381 Bklyn Un Gas (3), 2 20% Brunswick-Balke. 18% Bucyrus-Erie _ 102 Budd (EG) Mfg. 75 Budd (EG) pf ____. 912 Budd Wheel(a20c) .. 34% Bullard (b25c) . _ 51 Bulova Watch ltl)_ 3012 Burr Add M (80c) . 7% Bush Terminal (d), 24Y% Bush T Bldg pf(d) .. 1312 Butler Bros (b15¢) . 29% Butler pf (1%) - 5% Butte Cop & Z(a5c¢) - 26%; Byers (AM) . _ 27 Bwron Jackson (t1. 38Y Calif Packing (1) 2% Callahan Zinc-Lead 14% Calumet&Hecla (1) 301% Campbell Wy (1) _. 27Y% Canada Dry G Ale__ 14 Canadian Pacific __ 6113 50' Cannon Mills(b50c) 18% 15 Cap Adm (A)(al)_. 8% 7 Carriers & Gen(b5c) 176' 138 Case(J I)Co (4) .. 129% 116 Case(J I)Co pf(7) .. 100 85 Caterpillar Tr (+2)- 36% 26% Celanese (b75¢) .___ 48% 56% Celotex Corp = 82% 76 Celotex Corp pf(E)_ 12% 8% Central Foundry __. 41% 30 Central RRof NJ_ 24% 17 Cent Violeta Sug_ 863 67% Cerro de Pasco (4).. 23% 16% Certain-teed Prd _ 82 67% Certain-teed pf (6)_ 58% 35% Champion Pap (+1)_ 111 108% Champion P pf (6)_. 48 38 Checker Cab Mfg __ 78% Chesapeake Crp(3)_ 57% Ches & Ohio 12.80 _. 91 Ches&Oh pf A (4)_ 2% Chi & East I11 (d) ... 6% Chi & Est Ill pf (d)- 2% Chi Gr* West (d) _. 13% Chi Grt West pf (d). 28 ChiMail Ord t1% 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d). 3% Chi&NW (d) ____ 23 Chi Pneumatic Taol 2% Chi R 1 & Pac (4) _. 5% Chi RI&P 6% pf(d). 6% Chi RI&P 7% pf(d) 18% Chickasha Cott'n Oil 15% 12% Childs Co - 135% 110% Chrysler (b1%) 21% 187% City Ice & Fuel (8). 92 85 CityIce& Fpf6ls. 10% 8% City Stores 38% 32V Clark Equip(t1. Gl)) 113 105 ‘ClevElIllupf4% _ 98% 178 Cluett Peabody (3).- 170% 122% Coca-Cola (12) - 58% 57 Coca-Cola A (3) 19% CO‘EI(G-P-P”EOC)- 53% Collins & Atk (12).. 26 Colonial Beacon.___. 39% Col Fuel & Iron(bl) 21 Colo & Southern.__. 24 Colo & South 1st pf. 25 Colo & South 2d pf__ 141 Columb G & El(40c) 32% Columb Pic vte (11) 41 Columb Pic pf(2%). 125% 112% Col Carb vte (14) .. i 201 3% 38y 17% 901 Sales— AMOO High, Low. Close. chge. 6% 16 Allied Stores (b20c) * - @ R RIS N D 0 208 90 10 160 “5 0 13 40% 10s 105 17 384% 40s 401y 51 31 2 17% 2 24y 2103 11093 12‘ SDI 108‘/: 38 8314 60% 92 3% 10% 3 295 119 4 19% 40s 881 8%, 4 32% 18 26% 3l 3 69 3% 13% 4 49% 39% 233% 25% 17% 81 64% 32 6% 99% 5614 831 29 10% 101 12”‘ 3012 THE EVENING STAR, WASHINGTON, D. C, THURSDAY, APRIL 8, 1931. Net ' T4% + % Prev High, Low. 69% 80% 1937 Stock and 56% Comcl Credit (14) 656 Comel Inv T (t4)_ 19 + % | 120 104 ComclInvTpfd¥.. 21 264 — % 1% — % 3 - % 6 -1 3% — % 13% 4% 49% 39% 233% + % + % + % —2% 10% 101 62 13% 120 1834 T 48 24 3218 401, 31 17 244 w1031 109%¢ 123, 23% 341 15% 32 614 26 28% 40 4 141 297 30% 141 501 16 T% 149 120 891 32% 40% 76 9y 31% 17% 3% 17% 69% 52% 108% 38 109% 123 24 217% 914 19 122 30% 344 15% 32 26 29% 40 4% + 14% 297 31% 143 501 16 Th 149 120 89% 33% 40% 76 9% 31% 17% 3% 17% 69% 531% 108% 8 Bl rae - - s P41 1 +4++) PEESFEREF ¥+ II'L ++1 I+ FROERES pre e 4% 18% 10% 18 13% 52% 33% 37'/; 5% 109% 6914 25% 42% 3% 46% 355% 7 % 10% 564 121 37 284 100% 4T% 247 107 81% 16% Comcl Solv (160c) ... 3 Comw & Southern.. 18% Conde Nast Pub.___. 36% Congoleum-Nrn(2) . 16% Congress Cigar(a2). 13% Gonsol Cigar___ 3814 Cons Edis N Y(t2)_. 104% Cons Ed N Y pf(5).. 4% Cons Film.__ 15% Cons Ol (80c) . 7% Cons R R Cuba pf__. 7 Cons Textile (d) .__. 814 Cons Coal(Del)vte. 83 Cons Coal Del vtc pt 20% Container Corp 1.20. 27% Contl Baking (A) 3 Contl Baking (B) 1027% Contl Baking pf(8)_ 574 Contl Can (3) _ 20% Contl Diamond (. 38 Contl Insur (1. co) 2% Contl Motors 40% Contl Oil Del (tl) — 26% Contl Steel (b50c) ... 6374 Corn Ex Bank (3) _ 643 Corn Prod Ref(3)_. 6 Coty Inc . 46 CraneCo._ 116% Crane Co pf (7)_ 29%; Cream of Wheat(2). 215 Crosley Radloall_ 70% Crown Cork & S(2)- 431 Crn C&S pf xw 2% _. 17~ Crown Zeller (new)_ 99 Crown Zell cu pf(5). 51 Crucible Steel 5 120% Crucible Stl pf b1% 2 CubaCo 121 Cuba R R pt 10 Cuban-Am Sugar . 110 Cuban-Am Sug pf 39% Cudahy Pkg (234) 15% Curtis Publishing__ 947 Curtis Pub pt (7)__. 614 Curtiss-Wright____. 18% Curtiss-W (A)a50c_ 4 104% Deere & Co e 29% Deere & Co pf 1.40__ 22 Delsel-Wem-G (11)_ 4214 Delaware & Hudson 171 Del Lack & West __ : 12415 Detroit Edison (14). 61 Devoe & Rey A(13)_ 30% Diamond Mth (b50c) 36% Diamond Mpf(t1%) 24% Distil Corp Seag .. 90 Dist CS pf ww (5)_. 441 Dome Mines (12) _. 55% Douglas Aircraft___ 6 Dunhill Internatl__. 1541 Du Pont (b75c) 112 Duquesne 1at (5)_. 11% Eastern Roll Mills 159 Eastman Kodak(6)_ : 32 Eaton Mfg (12) _ 11% Eitington-Schild 23% El Paso Nat G 1.60_. 3813 Elec Auto Lt 12.40__ 11% Elec Boat (a60c) .- 51y Elec&Mus I (al8¢)_ 21% Elec Pow & Light _ 69 Elec Pw & Lt 36 pf_ 75 Elec Pw & Lt $7 pf_ 40' Elec Storage Bat (2} 114 Elk Horn Coal (d) - 5512 Endicott-John (3) __ = 108% Endicott-Jhn pf(5)_ 11 Eng Public Serv 7% Equitable Office B. 137 KErie R R % 26% PBrie R R 1st pf_ 22 ErieRR 2dpf 12Y% Eureka Vac (80c) 28 Evans Prod (11) 4'3 Exchange Buffet._ 31 Fairbanks Co_ . 20% Fairbanks Co pf 56 Fairb'ks-Morse (1) 53% Fajardo Sug Co (b1) 213 Federal Lt & Trac . 815 Federal Motor(40¢) 5'2 Fed Screw Works__ 4% Fed Water Sve A 3612 Fed'd Dept Str(2) 101 Fed'd DScupf 4% 394 Fidel Phoenix t1.60 32% Firestone T&R (2). T4 103% Firestone pf A (6) . 47 141 46Y First Natl Strs 12% 39% Flintkote Co (1) _ 48 Florence Stve b50c_ 6% Follansbee Bros(d). 47% Food Machine (1) 116 Food Mach pf(4%) 43 Foster-Wheeler ._ 70 Franklin S pf(a5%) 26% Freeport Sulph (1) 55 Fuller Copr pf.___ 343 Fuller Co 2d pf___.. 45 Gabriel Co (A)_—oev 24 Gamewell Co L 15% Gar Wood (a55¢) ___ 1214 Gen Am Inv(aT5¢)_. 693 Gen Am Trans (a3). 15% Gen Baking (+60c)_. 145 Gen Baking pf (8)__ 10% Sen Bronze 25% Gen Cable 54 Gen Cable (A) 44 Gen Cigar (14) 143 Gen Cigar pf (1) 52% Gen Electric (b40c) 394 Gen Foods (2) 213 Gen Gas & Elec(A) 60 Gen Mills (3) 5914 Gen Motors(b25c) 115% Gen Motors pf (5) 12 Gen Outdoor Adv._ 16 Gen Print Ink new. 41x Gen Pub Service _ 501 Gen Ry Signal (1).. 4 Gen Realty & Util 29 GenRealty & Upf_. 60% Gen Refract (a3%). 27% Gen Thea Eq(b25c). 37 Gen Time Inv(t1) . 15% Gillette S Raz (1) 20% Gimbel Bros__ 43% Glidden Co (2) 54% Glidden cv pf(2%)-. 5% Gobel (Adolf) ___a. 612 Goebel Brew (120c). 31 Goodrich(BF)(a1).- % 27% Goodyear (b50c) - 100 Goodyear cu pf(5) . 10% Gotham Silk Hose. 3 Graham-Paige 61 Granby Cons (new)_ Grand Unlon ctfs___ 2113 Grand Union pf(b1) 3812 Granite City St1(1)_ 42 Grant (WT) (11.40) 40% Grt Northern pf___. 19 Grt Northn Ore (1)_ 35 Grt West Sug 12.40_ %4139 Grt Wst Sug pf(7).. 39% 185 67% 111 52% 30% 431 431 27"/. 3 175% 144 131% 33% 18% 11% 28% 9 3% Green HL (11.60) . 13% Greyhound (180c) . 10% Greyhound pf({ 3 Guantanamo Sug-. 40 Guantanamo pf 12% Gulf Mobile & N. 5b% Gulf States Steel __. 325% Hack W pf A (1%). 13% Hall W F Print __. 25% Hamilton Wth b25e. 50% Harb-Walker (12)_. 5% Hayes Body 10r Hazel Atlas Gl ('5) !1.5 p.m. Dividend Rate. mlno. High. Low. Close. ch FRER FFEEFPFFES ABE R S N +10+4 9 S vonBonTornnneoas " 1008 137 16 8 el S 206 - [ TR PR PPN 21 B 108 8 10 7 8 108 3 13% Hecker Prod (60c) . x 29 Hercules Motor(t1) 150% Hercules Pwdr (6) 59 Hershey Choc (13)._. 102% Hershey Ch pf(t4)._. 467 Holland Fur(al%)- 21 Hollander & Son(1). 314 Holly Sugar (12) ._ 355 Homestake (112) _. 37 Houd-Hersh A(2%) 22 Houd-Her B (t13). 57% Household Fin (4).. 12% Houston Oil vtc__. 63% Howe Sound (t3) 4 Hudson & Manhat.. 12% Hudson & Man pf. 18% Hudson Motor. 1% Hupp Motors 22% Illinois Central . 12% Indian Refin (a1).-. 36% Indus Rayon (2) .. 130% Ingersoll Rand(t2)- 112% Inland Steel (4) 22% Inspiration Cop 10% Inter Rap Tr vtc(d) 4% Intercontl Rubber._. 16% Interlake Iron . 5 Intl Agricultural .. 99% Intl Harvester(2 %) 8% Intl Hydro El1 A 61 Intl Mercantile M. 12% Intl Mining (a90c).. 6234 Intl Nickel (b50¢) .. 16% Intl Paper (A) ceee 10% Intl Paper (B)-———— 6% Intl Paper (C)-cemm 90% Intl Paper pf. 41 Intl Print Ink (HL 61 Intl Ry Cent Am vte 48 IntiRyCAmpfA 31% Intl Silver_ 28% Interstat Dp 8t bl!‘ 19% Intertype Corp (1)-. 5408 6 132% 132% +1‘A 1145 1145% —2% 22% 24% + % 10% 10% — % 8% 8% — % 22% 23% + % 8 8% 54% 554 +2 166 165 —14 99% 100 + % 14% 14% + % 13% 14% +1 18% 13% + % 64% 65% + % 22% 22% + % 16% — 14 8% + % 115% +1% 8! 13 85 208 2 1 % 1 30% 30% 30% — % 12 2 2 -% Prev 1037 High. Low. 29% 155 126 35 2T% 23% Stock and Dividend Rate. 25% Island Creek (2) 131% Johns-Manv (13)_ 0 Johns-Mansv pf(7). Jon&L 7% pf(b1%) Kalamazoo S (t1) - K C P&L 1st pf B(6) Kans City South Kans City So pf(a1) 28% Kaufmann (11.60) . x 23% Kayser J & Co (2) .. 17% Kelsey-E A (allg)._. 19% 14% Kelsey-H B (al34)._. 109% 102 Kendall pf A (6)__. 69’ 56 Kennecott (b50c) _ 17% Keystone S&W b30c 39Y% Kimberly Clark(1)_ 47% Kinney pf (al1) _ 24% Kresge S 8 (b30c. 40% Kress S H (1.60) 22 Kroger Groc (11.60) 1814 Lambert Co (2) 17 Lee Rubber (50c) .. 38% Leh Port Cmt 1% _ 2% Lehigh Valley Coal. 13% Lehigh Val Coal pf._ 17% Lehigh Valley R R. !37 118 Lehman Corp (t3) .. 9 15% 114 83% 61 53% 828 67% Libbey-O-F (b75c)_ 9% Libby McN & L(al) 100% Ligg & Myers B t4 59 Lima Locomotive._. 52 Link Belt (12) 43% Liquid Carb (2.60) 641 Loew’s Inc (+2) 110 106% Loew’s Inc pf(6%)._ 3% T5% 10% 28% 28% 99 41% 214 Loft Inc 56 Lone Star Cmt b75c. 61 Long-Bell Lumb(A) 22% Lorillard P (11.20) . 19% Lou Gas & Elec (A). 881 Louis & Nash b2 _. 29% Ludlum Steel (t1)_ 112'4 130 MacAndrew pf (5)_. 2&'& 54 2815 421 4214 16% 4T% 19 6214 30% McCall Corp (12)___ 18% McCrory Stores 40% McGraw Elec (2) __ 23 McGraw H P b27%¢ 38 Mclntyre Porenu(2)._ 39% McKeesp't Tin Plate 12% McKesson & Rob __ 45 McKess & Rb pf(3)_ 15% McLellan Strs b75c_ 42% Mack Trucks (11)_. 50% Macy (R H) (12)_ 11% Madison Sq G(80c)_ 521 Magma Copper (2}.. 14 Mandel Bros (b1)__ 10% Man El md gtd (d) 41 Maracaibo Oil Exp_. 10% Marine Mid (t40¢c) 14% Market St Ry pt 45% Marlin Rock (12)- 187% Marshall Field 9 Martin-Parry. Masonite (+1)_ Mathieson Alk(13) Maytag Co (a50c) _ Maytag pf ww (3) 4 Mead Corp Mead Corp pf (6)_ Melville Shoe (5) __ Mengel Co Mengel 1st pf (214). Mesta Mach (b1%)_ Miami Copper .. 4 Mid-Cont Pet al.15_ Midld St] Prod(t2)_ Midld St 1st pf(8)_ Minn-Hon Ros (2) - Minn Moline Pow Mission Corp (a45¢) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) 4 Mohawk Carp(1.20) Monsanto Chm (t1) Montg Ward (12) _ Mothe Lodeal23c_ 311 Motor Prod (+2) _. 21% Motor Wheel (1.60) _ 41% Mueller Brass (+1)_ Mullins B (a50¢) - 5 Mullins pf (T) _ Murphy G C (2.60) - Murphy G C pf (5) " Murray Corp(a50c) Nash Kelv (1) _ Nashv Chat & St Li_ atl Acme (a75c) - Natl Aviation (al)_ Natl Biscuit (1.60) Natl Bond & In 1.44 Natl Cash Reg (1) Natl Dairy Prd 1.20 Natl Dairy pf A (7) atl Dairy pf B (7). Natl Dept Stores Natl Dept Strs pf __ Natl Distillers(+2)_ Natl En & Stpg (2)_ Natl Lead (t50¢) Natl Mall & S C b50c Natl Pw & Lt (60c)._ Natl Steel (+21)_ Natl Supply Co_ 4 Natl Tea (60c) Natomas (180c) Neisner Bros (12) __ Newberry JJ 12.40_.. Newberry pf (5) __ Newport [nd(b50c) N Y Air Brake b50c_ N Y Central NYChi&StL N Y Chi & St L pt N Y City Omnibus - N Y Omnibus(war) _ N Y Dock N Y Dock pf 53% 11y 129% N Y & Harlem (5) 137 N Y & Harlem pf (5) 1% N Y Investors (d)__ 5% NY NH&H (d) _ 16% NY NH & H pf (d)_. 5 NY Ontario& W_ 11% N Y Shipbuflding.. 70 N Y Shipbldg pf. 2 Norfolk South (d) 272 250 Norf& Wst (b215)... 114 104 Norf & W pf (4) __ 173 347 104% 105 36% 5314 67 40 217% 65% 26 19% 45% 24% 97 28 200 23 15% 2T% 32% 38 53% 152 29% 12% 121 North Am Aviation_ 25 North Am Co(b30c) 97% North Am Ed pf (6) 93 Northern Cent (4)_— 274 Northern Pacific___. 511 Northwest Tel (3)__ 31 Norwalk Tire & R. 2813 Norwalk Tire pt 174 Ohio Oil (a60c) . _ 531 Oliver Farm Equip_ 18% Omnibus Corp vte . 134 Oppenheim Collins_. 354 Otis Elev (60c) 16% Otis Steel 75 Otis Stl ev pf (5%)_ 22% Outboard M (b30c) - 150 Owens-I11 Gl (6) 19% Pacific Am Fish 1.20 11 Pacific Coast 20 Pacific Coast 2d 24%, Pac Finance(11.80). 31 Pac Gas & Elec (2)- 4314 Pac Lighting (3) - 14014 Pac Tel & Tel (8) - 22% Pac West Oil(aé5¢c). 10% Packard Mot (bl5c) 2% Panhandle P& R __ 60 Panhandle P&R pf. 76 Paraffine Co (b1).. 22% Paramount Pic 20% Paramnt 24 pf 60c. 2815 Park & Tilford (2) 4% Park Utah 38 Parke Davis (bl1). 24% Parker Rust (11%). 5% Parmelee Trans _ 81 Pathe Fiilm Corp 1414 Patino Mines(160c). 3% Peerless Corp 50% Penick & Ford('?) 97 PenneyJ C) (4) 4% Penn Coal & Coke_ 7% Penn Dixie Cement. 22 PennGlSdctablc_. 39% Penn Railroad (a2)- 49% Peoples Drug (1) 4815 Peoples Gas Chi 84 Pere Marquette 17% Petr Corp Am a9\ 10% Pfeiffer Brew (1.20 47% Phelps Dodge b35e-. 50% Phila Co 6% pf (3)- 5% Phila Rap Tr (4) __. 9% Phila Rap Tr pf(d). 1% Phila & Read C& I 70 Philip Morris(b3%) 13% Phillips Jones ___ 49% Phillips Petrol (2) 6% Phoenix Hosjery. 16% Pierce Ofl pt. 28% Pillsbury Flour 1. 50 Pirelli (A) (a3.13) .. 60 Pittsburgh Coal pf_ 1314 Pitts Screw&B blbec. 24% Pitts Stesl 24% Plymouth Ol (1) 18% Pond Creek Poc (2). 25% Poor & Co (B) 7% Porto R Am Tob A. .. 2% Porto R Am TobB_. 10% Postal Tel&C pf(d). 28% Pressed Steel Car__. 56% Proctor & Gam(t2).. 43 PubSveNJ (2.60).. 58 Pullman Ine (1%).. 19% Pure Ofl __________ Net Add 00. High, Low. Close. chge. 3 28% 28% 28% 130% 132% +1% 125 41 126 39 115% 24% 38 31 24% 17 14% 102 57% 1% 38% 65% 24% 39% 22% 20% 23% 41% 2% 137% + + 5 1 1% 1% % —3% + i 1 Y 4 +l4+1 % S K Y 2 Sex sesEres FEFE FEFE FREFs Prev 1937 High. 107 112% 23% 18% 12% 80 9% 49 4% 22% 29% 94Y% 9% 4T% 120% 110% 48% 95% 30% 34y 58 3% 46 103 113 Stock and Low. _ Dividend Rate, 99 ' Pure Oi1 6% pf_ 108 Pure Of1 8% pt 18% Purity Bak (60c)___ 16% Quaker State (80c)- 10% Radio Corp.__ 74 Radiopf A (3%) 7% Radio-Keith-Or (d). 45 Reading 1st pf (2)_. 2% Reis (Robt) . __. 18% Reliable Str (a50c) 21% Rem-Rand (160c) _ 80% Rem-R pf ww(4%)_ 5 Reo Motor Car_____ 2734 Republic Steel 109 Republic pf (b13)_ 99 Republic pr pf A(6) 331 Revers Copper FINANCIAL. 2103 7208 111 9 2 160 9 262 1 4 1 43 1 112 485 1 3 35 93% Revere Cop pf 5% __x 508 25 Reynolds Met (t1)._. 247% Reynolds Spr (1) __ 50% Reynolds Tob B (3). 24% Ritter Dental (11)_. 38% Safeway Stores(t2) 97% Safeway Strs pf(5). 109% Safeway Str pf(6) _. 8 2 82 2 2 308 1208 113 110 Safeway Strs pf(7). 160s 65 4% 11w 20% 371 2T b1% 98Y% 43% St Joseph Ld(b50c). 3 St L-San Fran (d).. 6% St L-San Fr pf (d).. 11 St L Southwn (d) _ 28% St L Southwn pf(d) 14! Savage Arm (al) 42% Schenley Dist(b75¢c) 94% Schenley pf (5%%) __ 2 Schulte R Strs (d) .. 38 Scott Paper (1)____ Seaboard Afr L (; 6" Seaboard A L pf(d) 40% Seaboard Ofl (1) _ 7% Seagrave Corp . 81 Sears Roebuck (3) 28 Servel Inc (t1) _ 25 Sharon Stl (11.20) _. 10% Sharpe & Dohme __ 60 Sharp & Do pf(33;). 15 Shattuck F G (60c)_ 2674 Shell Un Oil (a25c) - 1214 Silver King (b25¢) _. 44’3 Simmons Co (b50c) - 32 Simms Petrol 42 Skelly Oil__ _ 99 Skelly Oil pf (6 85! Sloss-Sheffield Stl__ 39 Smith (AO) _ 22% Snider Pkg (hl’/{) = 16% Socony-Vac (b25c) - 4% South Am G & P 30c 4 34 South Port Sug(12). 26% So Cal Edison 11% _. 42% Southern Pacific. 24 Soutnern Ry . 2 47% Southern Ry pf. 10'0\- 9 Spalding (A G) 68! Spalding 1st pf T4 Sparks- Withing 23 Spear & Co (a50c)__ 193% Sperry Corp vte(al) 28‘: Splcer Mfg (a3) . Spicer pf A (3) zzv Spiegel, Inc (1) 41%; Square D (B) b25c 14% Stand Brands(80c) 8% Stand Com Tobac _ 8% Stand Gas & El (d) - 252 Stand G&E $4 pf(d) 54 Stand G&E $6 pf(d) 60 Stand G&E $7 pf(d) 27, Stand Inv Corp ____ 43! Stand Oil Calif(t1)._ 44% Stand Oil Ind (1) __ 31 Stand Oil Kan(al)_. 674 Stand OiIl N J (v1) _ 65 Sterling Prod 13.80_ 4 Stewart-Warn t50c Stokely Bros (t1) __ 13% Studebaker Corp __ 47 Superheater Co (1). 4% Superior Oil.___ 37 Superior Steel AES 42 Sutherland P t1.60_. 25% Swift & Co (11.20) .. 30 Swift Intl Ltd (2) _ 18% Symington ww b10c 14 Symington xw bl0c 13 Talcott (J) b30c 7% Telautograph(60c) - 117 Tenn Corp (alsc) . 50% Texas Corp (2) - 7' Texas Gulf Prasc__ 3815 Texas Guli? Sul (12) 43!; Texas& P10 RR.__ 1313 Tex Pac C&O0 bl0c__ 113; Texas P L T (al0c)- 11% The Fair_ ____ 85 The Fair pf (7) 10 Thermoid Co 23 Thompson Pr bd0c_. 6! Thompson Starrett_ 29% Thompson Star pf__ 7 Tide Wat A O (60c). 2 TimKen Detroit t1__ 63% Timken Roller B(3) 15% Transamerica t40c- 17 Trans Wst Air a25¢c 19% Transue & W (160c) 8 Tri-Contl (a50c) 1041 Tri-Contl pf (6) 815 Truax-Traer(b25c)- 21% Truscon Steel _ 33% 20th Cent Fox b50c- Twin City RT..___. 4 TwinCR T pfald _ 167 Twin Coach (al.40)- 4% Ulen & Co - 85% Und-Ell-Fisher (3)- 63 Union Bag & P (2)_. 9814 Union Carb (3.20)__ 241y Union Oil Calif (1) 1262 Union Pacific (6) __ 93 Union Pacific pf (4)- 26% Union Tnk Car 1.60_ 27% Utd Aircraft(a50e). 17% Utd Air Lines a20c_ 25% Utd Biscuit (1.60) 78 Utd Carbon (4)_ _ 29% Unit-Carr Fast(t2 6 Utd Corp (a20c) 41% Utd Corp pf (3) . 14% Utd Drug (a75¢) 1814 Utd Dyewood (1)-. 80% Utd Fruit (3)__. 137% Utd Gas Imp (1) 7 110% Utd G Imp pf (5) 347 137 2319 43% 15 223 2% 19% T2% 118 105 126' 150 461 12% T4% 115 12% 37 98 104 109 115% 1231 11% 4%, 11% 831 57% 167% 170 30% 27% 65 110% 83% 18% 6% 6% 12% 1% 65% 47 112% 100 619 Utd Paperboard 15% U S Distributing pf_ 17 US & For'n Secur.. 25 U S Freight (1) 114 USGypsum (12)_. 17 USHoffman.. __ 375 U 'S Indus Alcohol 6% U S Leather vtc __ 13% 7J S Leather(A)vtc_ 60% U S Pipe & Fdrv(3). 13% U S Realty & Imp__.. 44% U S Rubber 921 U S Rubber 1st pf__. 83% U S Smelting (b4)_ 75 U S Steel 139% U S Steel pf (7) 7 Unit Stk Yds (5 - 5% Utd Stores (A) o 73 Univ Leaf Tob ($3)_ 3 Util Pw&Lt (A)(d). 1% Vadsco Sales Corp.. 284 Vanadium Corp ___ 3914 Van Raalte(b62%c) 421 Vick Chemical (12)- 7% Va-Car Chemical __ 5414 Va-Car Chem 6% pf 108 VaEl& Pwpf (6)__ 8% Va Iron Coal&Coke_ 26% VaIron C&Cpf ___ 70 Vulcan Detin (a8) __ 3% Wabash (4) _____. 9 Wabash ptf (A)(d).. 15% Waldorf Sys(11.20). 29 Walgreen Company. 45 Walker (H) (2).. 11% Walworth Co _ 39% Ward Baking (A).. 6% Ward Baking (B)._. 13% Warner Bros Pict__ 7 Warner-Quinlan(d) 6% Warren Bros (d) __ 24 War'n Brev pf (d).. 35% Warren Fay&P(t1) 30% Waukesha Mot (1) 46 Wesson O&S (t50c). 93 West Penn E1 A (7). 90 West Penn E1 pf(6). 103 West Penn El pf(7) 113% West Pa Pwr pf (6). 118% West Pa Pwr pf (7). 8% Western Maryland. 2% Western Pacific 7% Western Pacific pf. 69% Westn Un Tel (3)__. 46% Westingh’se A B(1) 134% Westingh’se El (b1) 151 Westhse 1st pf (bl1) 2414 Weston El Inst a86c 23 Westvaco Chlor (1) 38 Wheeling Steel __. 103 Wheel Stl pf (b1)_. 23% White Motor 15% White Rk M 8(1.40) 5% White Sewing Mach 4% Wilcox Oil & Gas 8% Wilson & Co (50c) - 79% Wilson & Co pt (6) - 51% Woolworth (2.40) __ 3414 Worthington Pump. 36 11 8 08 208 ¥ 11 1 3 1308 13 1 42 3 100s 6 3 97 15 17 35 2 41 2 35 130 51 10 1 31 24 11 100s 208 20s 30s 15 16 2 8 10 51 9 51 363 6 30 ;! 3 4 6 108 108 108 60s 508 21 7 19% 16% 40% 1021, 110% 110% 5215 B3 Bla 161 36 221 39 81 Worth Pump pf(A). 220s 105 77% Worth Pump pf(B). Add 60, High, Low. Close. 103 110 18% 16 103 111 19% 16 11 T4% 9% 45% 3% 19 24% 85 8% 41% 3% 9 114% 37% 39 103 103 STOCKS EDGE UP DESPITE SELLING Rally and Slump Leave Mar- ket Uneven at End of Day. Stock Averages 30 15 15 60 Indust. Rails. Util. Stks Net change. Unc. +.1 Unc. Today noon 92.8 44.0 68.7 Prev. day.. 929 439 68.7 Month ago-100.6 48.2 145 Year ago.. 853 382 645 1937 high._101.6 49.5 5.3 1937 928 3738 68.7 1936 99.3 435 2.8 1936 734 302 434 537 1932 175 8.7 239 169 1929 146.9 153.9 184.3 157.7 1927 low... 518 953 618 618 45.6 45.7 489 49.0 54.0 45.7 53.7 (Compliled by the Assoclated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, April 8.—Steels and coppers rallied in today’s stock market and a number of yesterday’s fleeino leaders retrieved portions of their losses. Wall Street confidence was still a | bit shaky, however, as rumors of change in the Treasury’s gold buyinz price—already emphatically denied | continued the principal subject of dis- cussion in the board rooms. At the same time one of the large commission houses with foreign con- nections heard reports monetary sta- bilization conversations were going on between the United States and Eng- land, although confirmation was lacking. Stocks went through a nervous ses- sion. A sweeping recovery of fractions + % | to 3 points at the opening was suce +10+1 0+ 01I%41l‘.0[ —1% | sales, —a21 | & +1% -1 3 88% 8T% 88% —1 (Continued on Page A-2l.) * | ceeded by a selling wave that parted %3 | the list from most of its gains and put the ticker tape 5 minutes behind. Quiet support turned the list about later, but prices were somewhat un- |even at the close. Transfers were around 1,900,000 shares Coppers stepped up when the export metal advanced and red metal futures developed strength. At the same time a customs smelter lowered the domestic copper price ', cent a pound to 15!z cents No help was derived from the Gov- | ernment bond department, most listed Federal loans continuing to sink. Corporation bonds were mixed. NEW YORK COTTON By the Associated Press. | NEW YORK. April 8—An early rally in cotton today on replacement 1| buying following recent heavy liquida- 1, | tion encountered renewed selling dur- | ing the noon hour. "25 Sympathy with a reaction in stocks | and weakness of the French francs "‘were factors. Traders were nervous | and inclined to await developments. Lm July reacted from 14.14 to 1391, |and in midafternoon was selling at 113.99, when prices showed net gains 1, |of 3 to 9 points. W | Futures closed steady A | May July = October December January 1 ot steady. middling 13.50 Cottonseed Oil. Bleachable cottonseed oil futures closed easy. May, 10.83: July, 10.91b; September, 10.92; October, 10.71-75 229 contracts including 10 " | switches. b Bid. ol New Orleans Prices. 5 NEW ORLEANS. April 8 (#.—Prices re_ |covered 14 to 10 points of Wednesday's ]105 es in early trading on the New Orl n Market today. an upturn attril | to better foreign markets and a return 5 | speculative forces to buying. % | The advance carried oid * | across the 14-cent-a-pound sold at 14.14 and July at 14.( call. October opened at 11 Overn: wave d The trurbances was having Htle ef ton prices Domestic mills fixed prices in the old 0ps Cottonseed ofl and 1 ay. 10.50b. July. 10.60b. | 10:64b: October. 10.45b. booBi CHICAGO GRAIN By the Associated Fress. CHICAGO, April 8.—Jolted by un- settlement of securities and by sharp reactions in the cotton market, grain prices suffered notable setbacks to- day late as well as early. Tumbles of wheat prices were in the face of Canadian wheat export sales of upward of 1,000,000 bushels. The first lake-vessel charter of the season was made here today, space being taken for 230,000 bushels of | wheat to go to Buffalo. At the close wheat was 17;-2% cents under yesterday's finish; May, 1.38%-75; July, 1.25%-3%; corn, 1% lower to 1% higher; May, 1.28%- 1.29%; July, 1.19%-7; oats, 7413 down, and provisions at 2 cents to 15 cents decline. opened steads. Seotember, 1081, & 1263 1.19% 2874-2015 2635 1.19%-7 4% 16738 1.16% 1,087, 101 37 16.37 16.35 318 103 18 Chicago Cash Market. Cash wheat: No. 1, dark, hard, 1.44%; No. 2, red, 1.45; No. 2, hard, 1.4413-45; Corn: No. 3, yellow, 1.36- 36%; No. 4 yellow, 1.331,a36; No. 4, white, 1.37; oats: No. 1, mixed, 56; No. 1, white, 55; No. 2, White, 541~ 55; soy beans: No. 3, yellow, 1.7175; barley: Feed, 75-85; malting, 1.00-27. Baltimore Quo 5. BALTIMORE. April 8 (».—Wheat. No. red Winter, garlicky, spot domestic, Taghori o, Winnipeg Pric WINNIPEG. April & /) —Grain range 1.39% 1 NEW YORK SUGAR. NEW YORK. April 8 (7. —Raw sugar was quiet and unchanged early today at 3.45 for spots No sales were reported Putures were irregular. No. 4 contract advanced 1% points early on covering and commission house buying but lost all early gains around midday. July, which sold up to 1.31, reacted to 1.20. while September fell off from 1.33 to 1.31. The general list mas about 1, boint net lower around noon. 3 prices gained a point early on trade Sovering. Dt when selling orders increased July declined from 2.50 to 2.49. leavin{ the sctive positions at midday about point _nef finied was unchanged at 4.80 and granulated. with s moderate inquiry re- Do