Evening Star Newspaper, April 8, 1937, Page 21

FINANCIAL. CURBLIST TAKES UNEVEN COURSE Most Swings Downward Late in Session—Pace Is Moderate. By the Associated Press. NEW YORK, April 8. —Mixed swings were recorded in the Curb market to- day, with the majority on the down- side. Trading was moderately active late in the session, with interest spread over a broad front. Among the more reactionary shares were McWilliams Dreding. off about 1';, and Pan-Amer- ican Airways, off about the same amount. Newmont ran into offerings and dropped more than 5, while Pep- perell sold off more than 4. Wayne Pump moved up about a point or so and similar headway was shown by Pittsburgh Plate Glass. Sherwin-Williams gained nearly 2 and Chicago Flexible Shaft added more than 1'2. CURB BONDS a1 101 71 . 10072 1.»“» 2 “1 ‘;m'“‘ 007x 10078 7 * TReaL ARG, Sia K By private wire direct to the Star. 2:30 Stockand Bales— Dividend Rate. Add 00. High. Low. Ciose. Acme W vio (2)_. 1008 49§ 495 493 Aero Supply A 1% 1 ll 4 24 Aero Supply (B)_. 1 [} Ala Pwr pf (6) 708 61“ 67 AllesFisher . _.._. 1 34 Alum’n Co of Am._ 180016234 Alum Am pf all% 200e 11834 Alumn Goods b25¢ 1 17 Alum'n Ind (40c)_100s 9% sluminum Ltd___ 10608126 Alm Ltdopf 51%. 1 1273 Am Afriines. Inc.. 2 24} Am Box B'od (1) .. Am Cit P&L (A) 3 Am CitP&L B a20c Am Cynam B t60c Am & For Pw ww Am Fork & H (11) Am G&E (1.40) Am G&E pf (6 Am Gen C’p (a606) Am Gen C pf (2) .. 200s Am Hard Rub(al) 60s Am Laun'y M 80c._. Am L&T (11.20). Am Maracaibo Am Meter (b75¢) . Am Pot&Chazl. Am Seal Kap a30c Am Superpower Am Superpw 1st § Am Superpwr pf__ Angostura (120¢)- Apex Electric(al) 1 Appalach E P pt 7 100s Arcturus Radio T. 2 Ark Nat Gas __ 22 Ark Nat G cu pf. 43 Ark Nat Gas (A Art Met W (80¢) .. land O&R 140c As30 Gas & Elec__ ASS0G& E (A).. As30G & E $5 pf_ Asso Laundries Asso Laund vtc Atl Coast Fis b3sc Atl Coast L a2y .. Atlas Corp war Atlas Plyw'd(1% Austin Stiver Auto Vot Mch 50c. | Axton-Fisher (A). Babcox & Wil (4). Bardstown Dist Barium Stain Stl Barlow&S(A)1.20 Ba'n L7%]1st pf a7 Bell Alrcraft ____ Bellanca Afreraft Bell Tel of Can(6) Berkey&Gay F Co Berk&GF pur war BlissCo (EW) ___ Blue Ridge C allc. Blumenthal 8 ___. Bohack HC 1st pf._ Borne Scrym b75c Bourjols (a75c) - Bower Roll B (2)_ Bowmn-Bilt 2d pf. 18 18 17 94 19 127% 2434 20 3534 30 19 % | Brazil TL&P 40c . 0830 083 10035 101 101 " 10435 10432 1060, 1060 1015 11014 71% Tl 2 10512 i 101 ulla o 101" 2 80 103 ° 105 103 104 1081, 104 Lo 1ot Lot i 100 210715 Neor B Neor Pw Nevad Cal El 51 W;, 1052 410414104« 353 10135 10135 B el ,,,, 3342 03 5134 ah3, 60 51% Q63 60, 1% 1% 70" 70 Without wars TCompanies rmomd in receivership! SHORT-TEEM SECURITIES. (Reported by Chas. D. Barney & Co) Calif Pac Caro. Clinchii'd & h Intl Mercantile Mar s 1 tional TAT 4 Taciede. Gas Light 5o 19 Lehigh Valley Coal 65 19: Lehigh V Long Island Gen 4 Louisviile & Nash 45 1040 wm ¢ 10674 Pacific RR 0f Mo 45 1938 10112 Benn-Dixie Cement 65 1941 Rio Grande West i w i South Bell T & T 58 Ror R Asen St L 3as 1039 Vanadium Corp 55 1941 Vertientes Sugar 7s 194 Jibash Ruy 58 18 Warper Bros 6s 1 Western N Y & Pa _Western Union Tel U. S. TREASURY NOTES. (Reported by Chas. D_Barney & Co.) Rate_Marurity, June Dec. LONDON BANK REPORT. LONDON. April 8 (#.—The Bank of Fngland statement for the week ended (in_thoysands of pounds): - Gir- . 4 decrease. 3,867. Bul- e dectouse. {Rcrease, increase, ecrease, The proportion of the bank’s reserve m (unnm is” 28.20 per cent, compared 26.60 last week. Rate of discount, 3 'per cent. METAL MARKET. NEW YORK. April 8 (#).—Copper un- settled: elt‘c\mlyuc spot and future. 15.5 5 Tin about steady: spot “60. AT a 60K future, d, steady: New York silver, platinum and woiframite unchanged. ——e United States Steel Corp.—Subsidi- ofy, American Bridge Co., received contract involving $532,412 from Gov- ernment. i Breeze C Inca? Brid'p’'t Mch b2. Bri!l Corp (4) | Brill Corp (B)_ Brill Corp pt_ 508 Brown Copf . __ 1000s Brown F&W blic. 6 | Buft N&E pt 1.60 Buff Niag&E 1st 5 250910834 | Bunker H & S(b1) 100s 124 Burco Inc war ___ ‘ Can tndus Alco A Can Marcont -~ Capttal City P 60c. Carib Syndicate - arnegle Metals _ “aro L&P pf (7). |Carrter Corp __ | Carter (JW) 80c_. Casco Prod b2% __ atiin Corp (asic) Celanese 1st pf 17. Celluloid Corp __ Cent &S W Utll _ Cent States Elec _ | Centrit Pipe t10c | Chesebrough (74) 100s Chi Flex Shaft uuuo. Chi Rivet & Mach.. | Chief Consol - 1 | ChildsCopf_____. 50s Clties Service.___ 175 | Cittes Service pf | Cities Sve pf(BB) | Cit Sve P&L 36 pr | Cit Sve P&L $7 pt City Auto S(160¢) | Claude Neon Lt | Clev Tractor 1 |Club Aluminum Colon Dev Ltd Colon Dev Ltd A_. Colon Dev 6% pf_. Colo Fuel&Ir war. Celts PFA b3T1ic. Colum G&E ptid) Colum O & G a20c. | Comwith Edis 4. |Com with & S war Community PS f1 Community WS _ ComSM ste vte t1_ Cons Ailrcraft Consol Copper | CGELt&P Bo 3.60 Consol Gas Utll | Cons Min&sm 12 Consol Retall Stra Consol Steel Corp. Cont'l Roll & S Fy Cooper Bessemer Cooper Bess pr pf. Copper Range Cord Corp - Coaden Oil Me (d) Creole Pe~ (a50c)_ Crocker-Wh al0c_ Croft Brewing Crown Cent P a6c. Crown C I(A)b500 Crown Dr (b20c).. Cuneo Press (2)_. Cusi Mex Mining_. Darby Petr (50c)- Dayton Rubber___ Dayton Rub A(b2)100s Dennison 7% pt 208 | Derby Oil & Ref . 2 | Derby O&R pf a4 BeBrwn o a wo ReRuEana -. 2508 Detroit Gasket T1. Det Gas pf (1.20) - Det Pap Prod t25¢ Det Stl Prod b25c_ Det (Mich) Stove. Domin S&C (B) Driver Harris 1%. Dubelier Condens._ Eagle Pitcher bl0c East'n G&F Asso East GE&F ppf 4% East Mall Ir al.30 East'n States Pwr Easy W M(B)b25¢ Edison Bros Str__.. Lisler Elec (a5¢)_ Elec Bond & Share Elec B&S pf (5)-. Elec B & S pf (6) . El Pwr Assoc a2ic Elec P&L opt war Elec P&L 2d pf A Elec Shareholding Elec Sh of ww (6) Electrographic 1. Electrol Inc v.t.c._ Bmp G&F 6% pt 26s Emp Pwr pt 21.80.250s Equity Corp(a25c) 12 Evans Wall Lead 32 Evans Wall L pf 2008 Bxcello Air(b20e). ¢ Falstaff Brewing . Fanny Farm C(1). Fanageel Metal Ferro Enam b2c. 9 Ferro Enam rights 10 Fidelio Brewery 15 Fire As(Phila.)t2 200s Fisk Rubber » 88 o [OY- U TOTOIORTS SO - PREE ST IOy ey, o g 2 2 4 1 Ford Ltd a181-100 Ford (Can) A (1) Ford M(Can)B(1) Ford (France) Fox (P) Brew 80c. Froedt G&M(20c) Froedt't cv of 1.20 Gen Alloys Gen Invest Corp Gen Ou Ad pf b1l 26s Gen Tele C'pal 36 12 Gen Televpf (3). 1 Gen Tire & Rub 14 Georgis Pw pf (6) 26s Glen AldenC (t1) 6 Godchaux 8 A b2_ 160s Godchaux Sug(B) 7 Goldfield Consol .. 19 Gorham pf ww___ 100s Gorham Mfvtetl 2 Grand Natl Films. & Gr Rap Var(t60c). 8 Gray Tel P 8 (1) 1 Grt A&PTn v 16 50s 10 153 158 15% 1095%¢ 108} 10834 { THE EVENING STAR, WASHINGTON NEW YORK CURB MARKET 30 Stock and Bales— Dividend Rate. Add 00. Great Nor Pap t1.100s Greenfleld T&D.. 1 Groc Store Prod L] Gult Ofl (Pa) b26e 14 Gulf St Ut pf (6). 268 Hall Lemp (30¢c) Hartman Tobacco. Hat Corp (B) 80c_ Hazeltine C b75c _ Hearn Dep § b1.65 HearnDS6%pf 3 Hecla Min (b20c). Helena Rubenst'n. Helena Rub (A) 1. Hoe & Co, Inc (A). Hollinger (765¢) Holt(H) pt A bl0o Hudson BM&S 11) Humble Ol (1%)_ Hussm’'n Lig (t1). Huyler's(Del)(d) 1 Huylers 7% st(d) 100s Hygrade Food 2 11l Pwr & Lt $6 pt 7508 {mp Ol Ltd t60c 16 Imp Ofl reg (150c) 1 Imp To Can b32%ec 7 1T GtB&I b84te 1 Indiana P L(b30c) 8 Indus Fin 7% pf . 126s InsCoof No A 2 508 Intl Hold&Inv Ltd 1 intiHy RIScvot 6 Intl Petrolm (114) 10 tntl Uth (B) 6 Intl Vitamin(50c) 3 Interst P(Del)pf Inv Royalty (t6c) iron Fire vtc 1.20_ 1ta) Superpwr(A) Jacobs(FL)Co(1) & JerCen P&Lpt 6% 26s 78 Jonas & Nbgblbc. 1 6% Jones&Laugh St1 8 110 Julian & Ko (1%). 1008 28% Kans City P8 vtc. Ken RT&L A a76e Kings Co Lt pfD 5 Kingston Prod 40o Kirby Petrol (20c) Kirkland L G (6c) Kreuger Brew t1_ Lake Sh M (14) .. Lakey Fy & Mach. Leh Coal &N 30c. Leonard Ol = Lion Ofl Ref (1).. Lit Brothers Locke St1 Ch t80c.. Lockheed Afrcraft Lone Star Gas 80c Long 1sland Ltg .. 16 Long IL pf A(T) 108 Long Isl Lt pf B 6 10(!- Loudon Packing.. La Land (40¢) Lucky Tiger t12c.. McWiillams D (13 Majestic Ra&Tel_. Mangel Stores Margay Oil ab0a._. Marion Steam Sh. Massey Harris Master Elec (1) Mead Johnson(13) Mem Nat Gasoe) Merc Stores (b3) - Mer & Mfg A b20c Merritt Chan & S Merritt C& S pf A Mesabi Iron 3874 2 5% 144 4 508 3 k] 28%4 i 1634 60 Mich Sugar. Mid Sta Pet (A).. Mid Sta Pet (B) . Mid-W Abrasallc Midwest Ofl (t1) Mtdrd O cv pf b Midvale Co (b75¢) Minn M&M b40c__ Mock Judson 60c... Molybdenum Corp Mont Ward A (7). 1108 Moore Lim pf A 7_ 108 Moore Dist (t50c) o sount Prod (60c) 6 \at Bella Hess 17 at Bo & Sh(b50¢)100s at Coutain abuc. 3 Nat Fuel Gas (1) Nat Gyps A a2% . Nat Leather z Nat Oil Prod t60c. Nat P& Ltpf «6). Nat Rub Mch a20c Nat Service Nat Union Radlo . avarro Ol b30 Nehi C'p 1st pf 5141008 Neisner Brpf (7) 258 New Jer Zinc (12) 450s New M&A Ldalc 1 Newmont Min b75« 3 Y Omnibus(war) 1 Y Steam 1 Niag Hud Pwr new 387 Niag H P(A) war 2 iag HP pf B (5). 268 iag Hud 1st (5) 100s Niag §h Md Bafle 2 Ni Sh Md pf A(6) 60s Niles Bm Pnd bs0c Nipissing (50¢) Noma Elec (b40c) North AmL&P 13 North AmL&P pf 2508 No Am Ray A bi0e 6 No Am Ray B bs0c 1 N A Ray prpf (3). 20s North'n Europ Ol 4 No IPS 6% pf bi5c 60s Northern PL 75¢. 1 Norib States P A 1 Novadel Agene(2) 2 Ohio Brass B (t1). 50s OhioOflcupf (6). 8 Ohto Pwr pf (6) 108 Okla Nat Gas Co__ Oldetyme Distil__. Pac G&E pf1.37% Pac G&E 18t (1% ) Pac Publio Service Pac Tin spec (t2) 3008 Pan-Am Afr (t1)_ 6 Pantepec Ofl 29 PeninsularTel 1.60 60s Pennroad (az6c) 177 Penna P&L pf (7). 80s Penna Salt (b1%) 60s Penn Wat & P (4) 1 Pepperell Mfg 16 1508 Phoenix Secur 17 Phoenix S pf A(3) 1 Pierce Gov (bl5c). 2 Pioneer Gold bl0c. 7 Pitney Bow(t40c) 2 Pitts Bess&LE 112 758 Piitsbgb Forging 7 Pitts Plate G (b1) 1 Potrero Sugar e Powdrell&Al t60c 20 Pwr Cp(Can)a2be 25s Pratt & Lamb (a2 1 Premier Gold t120 38 Pressed Met (12). Producers Corp. . Prosperity Bal% Prudent’l Inv a50c Pub Sve Ind pf Pub Sve Ind pr pf 1008 Pub Sve N Il pf6 1508 Pub Ut Sec prpf 508 Pus Sd P&L pf b5_ 508 Pug S4 P&L $6 pf. 76s Quaker Oats (5)_. 60s Ry & Lt Secal.56. 26s Rwy&Util Inv(A) 1 Rainbow Lum (A) Rainbow Lum (B) 9 Raym’d Conc (t1) 100s Raym’d Con pf(3) &0s Red Bank Reiter-Foster ._. Reybarn Co a25c.. Reynolds Invest__ Rice Stix DG bs0c. Richm'd Radiator. Roosevelt Field__. Root Petrolm (1) .. Root P cv pf 1.20... Rossia Intl Corp.. Royal Type b75c.. Rustless Ir&Stl _. Ryan Consolid’d Ryerson & Haynes St Anthony Gola.. St Rexis Paper St Regis Paper of. Schiff (The)Co(t3) Bcovill Mfg (b50¢) Sexal Lock & H Seiberling Rubber 9 Selected Indus g Sel [nd pr pf (53 )300s Sel [ad all cfs 6% 1008 Select Induscvaz & Severaky Alrcraft 170 Shattuck Den Min 30 Sherwin Will (4). 1608 Simmons HA&P. 2 Singer Mfg (16) _ 40s Sioux C G&E pf 7. 26s Solar Mfg (a40c) - Sonctone C (a10e) Soss Mfg (a2bc).. So Penn Of1(11%) 3 8 2 4 1 1 1 1% 6s 1 b0s 7 120 LIBBY EARNINGS AND SALES CLIMB 1936 Net Hits $3,941,267, Against $1,920,832 in Previous Year. BY the Associated Press. CHICAGO, April 8—The share- holders’ report issued today by Libby, McNeill & Libby showed sales for the year ending February 27, last, in- Creased 24 per cent over last year. Sales the past year totaled $74,391,- 928.59 compared with $59,875,794.24 for 1936. Net income for the year was $3,- 941,267.34¢ as against $1,920,832.37 in 1936. Total income, including a spe- cial profit and loss credit of $561,048.- 05, was $4,502,315.39, which was added to the surplus account for the yesr before payment of dividends. Total income the previous year was set at $3,119,059.48. 8ix per cent dividends the past year totaled $583,800 on preferred shares, leaving $3,918,518.39, equivalent to $1.74 a share on 2,245,709 shares of common stock outstanding. Edward G. McDounall, president, said sales and production were largest ever obtained, and the current volume greater than last year. R. H. Macy & Co. NEW YORK, April 8 (#).—In its an- nual statement for the year ended January 30, R. H. Macy & Co. re- ported net profit of $4,604 907, against $2,753,901 for the previous year. The results were equal to $3.06 a share of common stock, against $1.83 & share in the previous year. Total sales of the New York Macy Department Store and affiliated stores, L. Bamberger & Co., Newark, N. J.; Davison-Paxon Co., Atlanta, Ga., and La Salle & Koch Co., Toledo, Ohio, were $130,441,310 in 1936, compared with $117,841,155 in 1935. Sales of the Macy unit alone amounted to $87,239,606, against $78,759,625. Noblitt-Sparks. Noblitt-Sparks Industries, Inc., Co- lumbus, Ind., reported first quarter net earnings of $201,742, equal io $1.26 per share, compared with $107,899 a year ago. Net sales totaled $2,291,216, compared with $1,550,896 a year ago. |OUTPUT GAIN SHOWN BY NORTH AMERICAN | By the Associated Press. NEW YORK, April J. F..Fogarty of the North American Co. said on the basis of preliminary figures electric output of subsidiaries of the company showed an increase of 12 per cent for the first quarter of 1937, compared with the first quar- ter of 1936. The output for the quarter was also slightly in excess of that for the fourth quarter of 1936. DIVIDEND INCREASED. NEW YORK, April 8 (Special).— Arthur 8. Kleeman, president of Oils & Industries, Inc, announced that the company will pay a dividend of 372 cents on the participating pre- ferred stock of the company on May 1 to stockholders of record on April On the same date last year a dividend of 25 cents a share was pald on this stock. 2:30 Stock and Sales— Dividend Rate. Add 00. High. Low. Close. S8oCal EdpfB1% 27 27% 3% Southn Union Gas 3 sy Southl'd Roy bl0c. 94 Spanish&Gen rcts Spen Chain St 600. Stahl Myer Inc__.. Stand Dredging - Stand Inv cum pf_- 50s Stand Oil Ky (1) 8 Stand Ofl Ohio t1. 2 Stand Oil Oh pf 5. 50s Stand Pwr& Lt _. 16 Stand P& L (B) .. 1 Stand P& Lot 1008 Stand Prod (b25c) 1 Stand S11&Ld (4c) Stand Tube (B) ... Starrett Corp vtc. Sterchi Bros a300 Sterl Alum Pa 750. Sterl'g Brew a7bc. Sterling, Inc(20¢c) Stetson(JB)b50c._. Stinnes(Hugo) d_. Stroock & Co a2% Stuts Motor. Sullivan Machin 1 Sunray Oil (al0c). 13 Sunshine Min (3). 12 Swiss-Am Elec pf 100s Taggart Corp.__... Tampa EI (2.34) Taylor Dist (30c). Technicolor ab0e_. Tech Hughes t40c ‘Texon Ofl & L 60¢c ‘Thew Shovel af0¢c 1608 Tilo Roof Ine (1)- 1 Tob Prod Exp 16c. 4 Todd Shipyd (12). 50s Tonopah M (a6e). 12 Tr-Lux DPS t20c_. Transwest Oil Co_. Tri-Contl C war__. Tubize Chatiliion. Tubize Ch A (b1). rung-Sol Lemp n_ Tung-Sol L pf 80c. Unit Alr war United Corp war_. Unit Gas Corp Utd Gas war _ Unjted GC pf b1% Unit Lt & Pw (A). Unit Lt & Pwpf__ Unit Prof S8halle. Unit Shipyds B . Unit Shoe M 2% 1758 Unit § Mch pf1.60 lo- U 8 Foll (B) (1) U S & intl Secur. l US Linespt . U 8 Play Cards tn lfl‘ll U 8 Radfator _._. 1 U S Rub Reclaim. 3 U S Stores U S Stores 1st pf. Unit Stores vtc. Unit Verde Ex Unit Wall Paper__ 18 Univ Cons Oil(a1) 2 Univ Pictures 1 Uta P&L pf b873%¢126s Uulities P& L (d) 13 OHlP&LB(@).. 2 Util P & L pf (d)..100s Utility Equitl Utility & Indus of. ‘Van Nor Ma bd0c... Venezuela Mex O. Venezuela Petrol_. Vogt Mfg (b20c).. Walker Mining Wnynu Knit Mills. Pump (500 W.ll t'n Ol of Del Wentworth Mfgn. W Va Coal & Coke Westn A E (a26c) ‘Western Auto Sup ‘Westn Cart pf(6) Westn Tab&St(2) Wil-low Cafeteria Wolverine Port C. Wolver Tube b20c. Wool FW Ltd béle Wright Harz 1400 Ygsta 8tl Door(2) Yukon Gold(al3e) 6 8i Dividend rates in dollars based quarterly or semi-annual nu‘l rate—not including extras umulsted dividends. e Paid last ye ng rup! y nu , being Mn the ban! ‘67 t. securities assumed by such act, ‘or s 11% . 64 53 198 404 104 508 2 2 L] 2o 1 208 3 27 o weRalel hane e » 8o CITt %3 8.—President | % i D. C, THURSDAY, APRIL 8, 1837 FINANCIAL *xkk A_2] NEW YORK STOCK EXCHANGE (Continued Prom Page A-20.) 2:18 p.m. Prey 1937 Stock and High. Low. Dividend Rate. 128 1083 Wright Aero (al)_.. 76 68% Wrigley W Jr (13)_. 621 49% YalekTowne(t60c). 37% 2034 Yellow Tr & Coach. 142 128 Yel Tr & C pf(b1%) 46% 40 Young Bpr&W(13). 101% 75% Ygstn B&T (b76c).. Add 00. High, Low. Close. chee, 10s 100 3 17 6 52 127 30% 29% 29% + % 10s 130 4 40% 40% 40% — % 24 89 86 | 40% 31% Zenith Radio (b1)..x 12 32% 31 Prev 1937 Hish. Low. % Approximate Sales 11:00 P.M._____. 1:00 P.M. . 100 100 7 70 b1 B2 + % 130 130 -3 larations. 87 —1% 32 + 4% C. & H. WITHDRAWS FROM ISLE ROYAL New Directors Named to Succeed Calumet Representatives—Sale of Stock Discussed. By the Assoclated Press. JERSEY CITY, N. J, April 8.—A new board of directors for the Isie Royal Copper Co. of Houghton County, Mich., was elected today, succeeding representatives of the Calumet & Hecla Consolidated Mining Co., of Mich., which holds substantial inter- ests in the Isle Royal. The new directors are F. Ward Paine, Stephen Paine, Frank H. Brown, and James Nowell, partners in the New York and Boston brokerage firm of Paine, Webber & Co.; B. D. Noetzel, purchasing agent of Copper Range Co. at Houghton, Mich.; Albert Foote, Houghton representative of Paine, Webber, and Harold C. Schute, s Houghton attorney. Following this action at Isle Royal annual stockholders’ meeting, it was announced Calumet & Hecla would withdraw from the Isle Royal manage- ment. The companies have been affiliated since incorporation more than 60 years age. The new group was said to contem- | plate purchase of Calumet & Hecla's 35,000 shares of Isle Royal and also the making of an offer for the shares voted against proposal for liquidation of Isle Royal at annual meeting. Inquiries concerning plans of the new interests for Isle Royal were referred to Paine-Webber interests in Boston. The Isle Royal property has been idle for the last two years. — SHARP RISE REVEALED -IN STUDEBAKER SALES | By the Assoctated Press. SOUTH BEND, Ind., April 8.—Paul G. Hoffman, president of the Stude- baker Corp., said sales figures dis- closed the firm had its best March and its best first quarter business in eight years. He said 10,634 passenger cars and | trucks were sold last month, compared with 8,970 in March, 1936. This. he said, brought sales for the quarter to 26,338, an increase of 24 per cent over the 1936 first quarter figure of 21,202. —_— INVESTING COMPANIES NEW YORK. April 8 (#.—New York Becurity Dealers' Associstion: (Noon quotations ) Admin Pd 2nd Inc .. Am Business Shrs Am Gen Inc Am Ins Stocks camer Biair k Group Shrs ankers Nat Inv Corp Basic Industry Broad St L Bullock Pund Corporate Trust Corporate Trust A Asked. 0.01 126 Sec Chemical Food c Invest Bhrs Sec "Merchandise Sec Mining Sec Petroleum c R R Equi ncorp Insurance Grou 8hrs - Investors g | bl B o T Keysion” Cust_Pund "B-37 Corp n Mutual Invest Nation Wide Nation Wide Voting Y Bk Tr 8 Bk Trusteed Indusiry Sbr Wellington Fund INSURANCE STOCKS NEW_YORK. April & (®.—New York Se- curity Dealers” Association: 150 Asked i 29% 41V 44 124 1330 2! Er a2y ) 33 R Actna Cas (2a) o7 sl Bauit (1 608 Ins Newark Rein City of N ¥ Contin Cas (1.2 Fid & Dep (1 az SRR BRE NS aa min Shrinefern. 44 Sun Life (3% lers (18 Fire ) Py RS DD BNSR 22 -Also llln or_extr ::Dechred 'or 'padd 80 {ar this vear. e FEDERAL LAND BANKS NEW YORK. April 8 (P).—Federal Land k bonds: LOCOMOTIVES ORDERED. NEW YORK, April 8 (P.—Lims Locomotive Works has received an order from the Minneapolis, 8t. Paul mds-mum.mmxmmn combination passenger and freight Jocomotives. 68 Per Cent Gain Over 1936 Shown By Construction By the Associated Press. NEW YORK, April 8.—Engineering constructions awards totaled $50,- 778,000 for the week ended Tuesday, marking the second highest volume since beginning of the year, Engineer- ing News-Record reported today. Awards exceeded the previous week by 47 per cent and were 68 per cent ahead of corresponding period last year. The week's total included private awards of $27,813,000; municipal, $19,718,000; Pederal, $3,247,000. For the preceding week the comparable figures were $17,520,000; $14,019,000; $3,139,000, and a year ago, $6,658,000, $23,855,000, $721,000. THE WEATHER District of Columbia—Rain tonight and probably tomorrow morning; somewhat colder tomorrow; lowest temperature tonight about 50 degrees; fresh shifting winds, becoming north- erly tomorrow. Maryland—Rain tonight and prob- ably tomorrow morning; warmer in east portion tonight; slightly colder tomorrow. Virginia—8howers tonight and prob- ably tomorrow morning; warmer in east, slightly colder in extreme west portion tonight; somewhat colder to- morrow. West Virginia—Cloudy, rain tonight and possibly in east portion tomorrow morning; slightly colder tonight and in east portion tomorrow. River Report. Potomac and Shenandoah Rivers clear today. Repert for Last 21 Hours Temperature. Byrometer. Yesterday— Degrees. 4 pm 3% f Last 21 Hours (From noon vesterday to noon today.) Highest. 55 at 4 p.m. yesterda g Lowest. 45 30. at 3 am. today. Year ago, Rocord Temperatures This Year. Highest, 76, on January 9 Lowest, 19, ‘on February 28. Humidity for Last 24 Hours. (From noon yesterday to noon today ) 2 per cent, at 3 am. (oday. per cent, at 5:50 p.m. yes- Tide Tables, (Purnished by United States Cosst and ' Geodetic Survey.) iass Lo terd; Tomorrow. Hish _ n. 6:17 am. Low High Low Sun. todsy 8un Moon 2 50am. 37 Automobile lights must be turned on one-half hour after sunset. Precipitation. Monthly precipitation in jnches in the Capital (current month to dati Month. 1937, Aver-u January 7. 3.55 Pebruary _ March " Recorg, '*:Z’E%";R& X RDDSDRA, August September Sovemper - December 7.56 Weather in Various Citles Temp. Rain- Baro. H'h.Lo! 30.14 80 4 | Stauons Abilene, Tex | Albany. N. ¥ Atlania Ga Atlantic City ltimore. Md | Birmingham | Bismarck, N. D, | Charleston’ Chicago. ! Cincinnati Cleveland ex San _ Francisco 8t. Louls,_ Mo Beattle. Spokane. Tampa. WASH.. D. C /086 L = POREIGN STATIONS, am. Greenwich time. today.) Temperature, Weather. A1 Cloudy Wash. 3 1a Cloudy @ London. England ain 81 "Greenwich time. Horta \Pazars Asores. ' (Current observations.) 8t. Georges. Bermuds _ uerio Rico. a1 Zone PARIS BANK CHANGES. PARIS. April 8 (#.—The Banl Prance “statement for the week ril n_ millions of francs): unchanged. rease, 1. bills. crease. Temporary Vances to’ siate (prior_to 6-18.46), 265: “unchanged . Temporary advances state (since 8-18-36), Dulinces abraad 13: 4 urchased abroad. anged. Discounted commsrclll France, IR Tota ‘credit n otal ci :016; decresae, T 465, Thirtyday ad- gainst government _securities, fino. lncrnu. 576. Rate of discount, 4 PSS BOSTON WOOL MARKET. BOSTON. April & () (United States De- partment of > Agriculture) oDurers dis- layed a hesitant attitude in the wool mar- ket today. Only immediate needs were covered Yolume of purchases for this small. nieest was in finer grades of territory” woou in original bsgs. Small lots of bulk TAE onlnblnl lennh territory wools moved 1.03-06. scoured basis, wnfii orlnn ! bu lote of bulk average vooh .wlfl II un aif-blopd territory B eoured basis.” MONEY MARKET. YORK. Aoril 8 (.—Call money NEW steady. 1 per cent sll day: prime commer. clal paper. 1 per cent; 4 ime loans, stead: "‘Qs.nfi“z% vece count Fate. New York Reserve per cent. FREIGHT LOADINGS. NEW Y ril ). —Reve {relent cariortings ol rallroads Teporth Y for the weel e;xldedk April 3 Include eel 1 3. ‘Western Pacific_ . .1.699 NEW YORK BAR SILVER. NEW YORK, April 8 ().—Bar silver easier, % lower at 45%. [} v 2,833 Stock and Dividend Rate. T% Zonite Produets.... S URit of trading legs than 100 shares, & Paid not _including _exteas, a &-‘r‘m reported xEx dividend French 2:18 p.m. Bales— Maoo High, Low. Close. ehu b T Th Th— % of Stocks en the N. Y. Stock Exchange, Dividend rates as given in the above table are the annusl cash payments based on the Iatest quarterly or half-vesrly dec- Q‘A‘nnz‘:’l‘ uto— rnd'lré‘nn of beins "crlln‘ufl OIL MEN WATCH LABOR CAMPAIGN Texas Governor’s Warning Against “Sit-Downers” Stirs Interest. B the Associated Press. AUSTIN, Tex., April 8 —Launching of the program to unionize the oil industry stood out today as one of the most important developments re- cently in the production and handling of petroleum. In Texas oil men and State officials watched closely the announced plans of organizers and the declaration of Gov. James V. Allred that “sit-down” methods would not be tolerated. Rumors of the unionization drive had been heard a long time before the arrival in Houston of Harvey C. Fremming, Oil Union chief and Com- mittee for Industrial Organization leader. Premming asked the Governor to investigate his organizers and if a “single subversive member” was found he would be dismissed. He also said he had not come to Texas to organize a sit-down strike. Allred said he had received names of eight organizers and if they were not planning sit-down methods “they have nothing to fear.” O] sources at the State capital said they had heard of no agitation among field workers and expressed the opinion it would be difficult for agitators to gain a foothold. ‘Oil fleld workers generally are well paid,” said Lon Smith, member of the Rallroad Commission, which admin- isters the State conservation laws. “This was true even during the de- pression.” It was noted that in the great East Texas fleld workers long have had a union. The labor overshadowed production matters, es- pecially since the next State-wide proration hearing was two weeks away. Production for the month was cut about 50,000 barrels daily under that for the previous proration period. | Officials irdicated there was no in- formation on which to base predic- tions as to the May allowable. —_—— CHICAGO LIVE STOCK. | Department ' of including Wweak 10 _Agriculture). —Hogs. 7.500 direct: market un- lower: top. 10.25; bulk 0-300 'pour.ds 150-180 pounds. 9.50a10.10 packing sows steady at 9.35ai1.70. Cattle. 4.000. calves. 1.500: general market a_little more active: Jcariings strong: short feds predominating inreely 9.00a12.00. with moderate sprin kiings down to R.00: best fed steers. ea load or so held above 15.00. more activity on choice offerings. rating than week ago. mostly 50 off: and feeders accumulating in second hands, dne to very narrow country demand fhe steck frm thade higher 16,65 “bulls_furty stea good an, best 7.3588.50. wea Bheep. 13.000. including 1500 direct wooled Colorado lambs comprising aroy per cent of run: market opened 15 higher: around 20 loads zood Colorados 12a00a1 ewes. merely good. clipper FOREIGN MARKETS. LONDON. April & stock market continued err the close prices were | mining shares were industrial group and foreign bo: lower. Gilt-edped secu: maintained a firm tone as sellers ocks transferred | their _funds into less speculative issues. Transatlantic stocks remained quiet n supply commodity sections. PARIS.—French rentes finished the dav and" of France dropped es Oanal vas Sbont: advancing ancs. The closing tone was irregular. 1886 B1st Year 1937 of Pregress Draw:ing Equipment STOCKETT: FISKE DUCING STATIONERS OIDE ST -N - PROPERTY Over Forty Years of Experience You may be First Mortgage Investments Nationa MORTGAG CHICAGO. April & (P .—(United States 18.- 10 lower than Wednesday & €fase, spots on medium offerings. 15 to comparable _bulk good sieers and ali at 6.85 selected d vealers. 9.50a10 30 mostly There was considerable liquidation in the need Quotaiions to 35 centimes Trancs ‘and roval Dutch eaimed. 3 All of which are features. B. F. SAUL CO. CLEARINGS SCORE ADVANCE IN WEEK Total for 22 Leading Cities Climbs 15.2 Per Cent Above Year Ago. BY the Associated Press. NEW YORK, April 8. —Higher bark clearings were recorded in the United | States during the first week of April, which included heavy first-of-the- month settlements. The total for 22 leading citles, as reported to Dun & Bradstreet, for the week ended April 7, was $6,659,- 751,000, against $5,782,402,000 in the corresponding 1936 period, a gamn of 152 per cent. This contrasted with a percentage loss of 10.7 in a similar comparison a week earlier. At New York City, the volume was $4,295,513,000, an increase of 13.4 per cent over the $3.787,387,000 a year ago. Clearings at outside centers rose t» $2,364,238,000, which was 185 per cent higher than the 1936 compara- tive of $1995,015,000. Totals at all individual cities, ex- cept two, increased substantially over those of 1936. “The largest gains oc- curred at Philadelphia, Buffalo, Cleve- land, Cincinnati, Baltimore, Rich- mond, Atlanta, New Orleans, Kansa¢ City and Seattle. The losses were a! Pittsburgh and Omaha. At this time last year, after a two-week setback due to flood conditions, Pittsburgh was making rapid strides toward recover; and clearings increased 85 per cent over the total of the year preceding Clearings for the past week showed an increase of $897,549,000, whe. compared with figures for the pre- ceding period. Between the two similar weeks of 1936, there was a decreasc of $673,315,000. Pigures at leading cities, together with percentage gains and losses, com- pared with those of 1936, follow; also, daily average bank clearings for Janu- ary, February and March. (Totals in Bostor. = Ehiladeiphis Puubul’lh Cleveland Cincinnati Baltimore Richmend Atlanta New Orleans Louisville Minneapolis | Kansus City aha situation temporarily | Beattle Totels New York _ Total all Average daily | March | Pebruary S | January _ 2 1089027 AUTO FACTORY SALES ’ SET MARCH RECORD BY the Associated Press. NEW YORK, April 8.—The Autc- mobile Manufacturers' Association announced factory sales by memb of the organization amounted to 350.- ) | 078 cars in March This compares with 247901 in February and 327,040 in March, 1936 ‘and was the highest March volume | for the association since 1929. The gain was 41 per cent above February All steers and yearlings | and 7 per cent higher than a year zood to near choice 25a50 lower stockers 4go. | Pirst-quarter sales totaled 863,802. compared with 824,077 in the like 11936 period, & gain of 5 per cent The association’s report covers the | operations of all but one of the major | producers (Ford). scattering choice old ewes up to WALGREEN DIVIDEND VOTED CHICAGO, April 8 (#) —An initial i regular, quarterly dividend of $1.127, |a share was declared by directors of the Walgreen Co. on the new issue of 41, per cent preferred stock. It will ! be paid June 15 REAL ESTATE LOANS RESIDENCE and FRED T. NESBIT 1910 VERMONT AVE. DISTRICT 9392 FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates . . . 3-Year Con- struction Loans . . . 3% BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K 8t. N.W. NA. 9300 MANAGEMENT THERE ARE MANY ADVANTAGES to investment in our FIRST MORTGAGES know what return to ex- pect. The security is improved real estate. And your investment in large or small amounts. interesting REAL ESTATE 1 2100 925 15th St. N.W. E L O ANS INCOME in their portfolios. TWe Naw Yoax Sroce Excmawcs Naw Yoax Corrow Escmancs N. Y. Cuss Excuanos(Amoc.) Naw Yoax Pacouea Excuancs Now York Baitimore To avoid material reduction in income due to pre vailing low money rates, it is necessary that investors pay particular attention to the status of the securities offer the facilities of our Investment stearch Department to individuals and institutions desiring statistical and advisory assistance. AUCHINCLOSS, PARKER & REDPATH 719 Fiiteenth Street, Washington Members Cuicaco Boasd or Taade Cnuicaco Mancanties Excmanos Commonity Excuawes, Inc. Wasninorow Srock Ezcuaxoes Wilkes-Barre Philadelphis