Evening Star Newspaper, April 9, 1937, Page 16

THE EVENING STAR, WASHINGT Washington Exchange SALES. Washington Gas 5s 1958—$1,000 at 106. RADE CONTINUES STEADY ADVANCE Bad Weather and Labor Troubles Fail to Halt General Trend. By the Associatea Press. 5 NEW YORK, April 9—Some branches of business struck a more | leisurely pace this week, but the| vagaries of weather nor labor unrest modified in a pronounced manner the | forward movement, Dun & Bradstreet said today in the review of business. “Deterrent influences restricted the demand for some types of merchan- dise,” the agency said, “but the trend of retail distribution continued up- | ward. Slackness appeared in several | s o For Guur PROXIES ASKED FOR HUPP PLAN Meeting Is Called April 16 at Richmond to Take __ Finance Action. BY the Assoctated Press. RICHMOND, Va., April 9.—Thomas Bradley, president of the Hupp Motor Car Corp., in a statement released through attorneys’ offices here, called on stockholders to send in their proxies in order that a proposed re- financing plan might be completed at a meeting to be held here April 16. A special meeting of the stock- holders was held here yesterday to consider the proposal, but adjourned until April 16 because of the lack of branches of the wholesale market, due ] C. & P. Tel. of Va. b5 _ ___ 103 & quorum. Approximately 640,000 10 the small proportion of recorders, | (é‘;‘fv‘f(s"’m?fgj“..‘.‘f:.:“ Do BESiED o L B but buying of Summ o - | Georsetown Gas 1st 5s ect r ! Gttty e 8005 Pro-| Fot e pow 1osv;| Eppa Hunton, 4th, counsel for the . p - | corporation, said the refinancing pro- Buoyed by growing backlogs, indus- | 108 | posal provided for a reduction in the trial operations were undiminished, Wash. Ga | par value of the stock from $10 to $1 | except at centers where strike condi- &o! h(‘mmlr) Club. 5128 105 Washington Rwy. & Elec. 45—8$1,000 at 105, $1,000 at 105. Potomac Electric Power 5)2% pfd.—10 at 112, 10 at 112,10 at 112, Washington Rwy. & Elec. pfd—5 at 109. Riggs Bank common—2 at 340, AFTER CALL. | Washington Rwy. & Elec. 4s—$1,000 at 105, $1,000 at 105, $1,000 at 105, $1,000 at 105. Washington Rwy. & Elec. pfd—5 at 109. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4145 3lis s 1958 5 5s 1960 = q17 . & Elec. 45 105 MISCELLANEOUS. Wash. Rw per share and the exchange of two - % . Coly tions prevailed. AR ACoESToraktRos 100 shares of the present stock for one The review estimated retail sales STOCKS. share of the new for the country as a whole at from | e Under the plan, existing stock- 2 to 4 per cent ahead of the week |, 1, omn . -{rm holders would be given the right to preceding and from 6 to 12 per cent | Capital Transit Co. 14 « | subscribe for one and one-half shares better than at this time last year.| No &gV E;;”',‘f’?a;h;“;m 110 of new stock for each share of new despite the fact that the final surge | Po. Ei. Fo. 5! g ; stock held upon completion of such of Baster shopping was stepping retail | wash: 5o & Bl zora 110y~ 700 jconyerson. sales along at this time in 1936 Wash. Ry. & El pid. (5) 108 The statement said stock unsub- | NK AN \ y sti Percentage gains over a Year ago in | suer o g mr N ooura ;"(;bf’d n""nggr ?r"f;‘:‘t“‘gbv““"h"ld"i the major geographic regions were ‘B.mb. ?L Bethesda (h.75) | bankeie u Wi LY/ S BRTOlPAC! New England, 8 to 16; East, 4 to 25; | Sapiel é:(m“ e == | baners, Middle West, 10 to 15; Northwest, 12 | Liberty (i : S Al A B 5 Lin .25 Zags - | istration statement was filed with the io 20; South, 15 to 22; Southwest, 10 | Nati, Savines & Trust | Securities and Exchange Commission | 2 cifi Pr. Georges Bk. & Tr. (.50) 0 A ) SRR ey (e B | SR T 450 | March 30, 1937, the statement said, Although business in women's wear Rmv pld. (5) - 2 | “will, it is anticipated, yield was slower than had been expected at | \WishPfeon (6) 3 | any . $ expected at | Wash. Loan & Trust (eS) | company approximately $2.600,000 of some centers, a brisk demand was re- S | new capital, which will enable it to ported for a long list of seasonable | resume production of Hupp auto- merchandise, particularly yard goods, which was featured prominently by FIRE IN American () Corcoran (5) = o Firemen's (1°ti0) | mobiles National Union (.60) | stores. Housewares were in ready call TITLE INSURANCE | Y in all centers. A feature of the wholesale markets | was the rapid moving out of building | materials as a result of favorable| weather for construction in most sec- | coluaile CO0) ™| NEW YORK PRODUCE. tions. Plumbing fixtures, paint, wall- | 15 Real Estate (6) 150 | MISCELLANEOUS NEW YORK. April 9 (& steady. Mixed_colors, paper and electrical supplies were especially active. | —Eggs. 15 832 firsts, 2215.2 Carpel Corp. (2.00) : Lanston Monotype (t4) dirties. No. 1, Mergenthaler Lino. (2.00) unchanged Feoples Drus S com. (11,00) Euer Peoples Drug S. pfd. ( Coanas Real Est. M.&G. pfd. Ve o Security ‘Storage 15) Te Wh. Cor i 6.168: about steady and unchanged. treight, firm " Chickens ns. 14: ducks, 13-14 unchanged. | Wdwd. & Loth 3B dividend. MONTREAL SILVER. MARCH FLOUR OUTPUT SHOWS SLIGHT GAIN BY the Associated Press. i NEW YORK, April 9—General Mills announced that flour milled in March totaled 5,409,950 barrels. This compared with 5407271 in March, 1936. Since June 30, 1936, a total of 49,430,266 barrels of flour have been milled, against 49,326,465 in 1935-36 | period. 10 to 15 high ned - steady. 45.60b; September Xtra, o) paid June 30. 1936: 43 b 19; b- FOB.EIGN MARKETS LONDON. April § (».—The stock mar- ket was quiet and ilquidation continued. especially in the mining group. orders predominated in other Sections. of | the list and prices were generally lower Rubber shares were in supply. while oils and foreign bonds held steady. Trans- Atlantic issues finished lower. Paris trading was confused in the Bourse today over the monetary uncer- tainty and the sharp break in the French francs. Rentes closed_with net gains of 35 to 65 centimes. 300 fr francs. I TIME TO CHANGE c: Banking shares were also higher. U.s. TB.EASURY POSITION. B the Associated Press. The position of the Treasu: Receipts. $125.349.000.40 1.126.11 balance 194118 £11: Your car, too, feels the stir of Spring and needs a change. Follow this treatment. Bring your car to us. We will drain the old Winter oil and give it the best Spring tonic . . . a refill of Quaker State Motor Oil of the cor- rect Summer grade. Then, you will GO FARTHER BEFORE YOU NEED A QUART customs receipts for the month, | 54 921 2K ipts for the fiscal vear 50,044 338 62, (since 1 729,604 42150 July r.\uenmu.]n b3 excess | &ross | 06. an_increase of | 03 ager the Sresiaus die e o0t s 46884893 including 3361.~ 3.446.00 of inactive gold r RUBBER FUTURES. NEW YORK. April 8 (®.—Crude rubber | 5 lower. May September, ; Retail price, 3S¢aguar: MINUTE SERVICE STATION 3939 Canal Road N.W. PHILADELPHIA PRODUCE. PHILADELPHIA, April_ 9 (P .—Live | ultry—Broflers fancy. Plvmouth Rock, edium sised, 25a2 | Dressed poiiltry unchanged The New Telephone Directory Closes Soon It Will List About 103,000 Residences 23,000 Businesses MAKE CERTAIN YOU ARE LISTED IN IT Mr. Business Man, here is a COMPLETE information about your productorser- vice in the Yellow Pages will increase your sales. Call MEtropolitan 9900 ... To Order a Telephone, Additional Listings, or to arrange for Complete In- formation about your Product or Service. THE CHESAPEAKE AND POTOMAC TELEPHONE COMPANY 723 13th STREET N. W. S N LA NG “This new, financing, for which reg- | i other mixed nmes‘ steady and un- | MONTREAL, April § (%), —Silver fulures | INVESTING COMPANIES NEW YORK. April 9 (#).—Security Dealers' Association: (Noon auotations.) Admin Fd 2nd Inc Am Business Shrs_ Am G Gorporate Trust Corporate Trust A A~ Corp Tr A A mod Corp Tr Acoum e Corp Tr ‘Acc Mod Gumuiaive Tr S Depos Bk ‘Sh Debos Tns Shrs Depos Ins Shrs Diversified Tr C Dividend Shrs Equity Corp 83 pf - Fidelity Fund Inc First Boston Corp Fixed Trust Sh A Eixed Trust sh B Found Tr Sh Fund lnvt‘x(nrfi e’ Fund Tr Shr Fund Tr Shrs B - Gen Inyestors Tr = Group Sec Agriculture Group Sec Automobile iroup Sec Building Sec Chemical_ Sec Food Sec Invest Shr Sec Merchandise Sec Mining Group Scc Petroleum Group Sec R R Equip | Group sec steel | Group Sec Tobacco Huron Holding Incorp Investors | Ensucance o Investors Fd Keyston_ C | Masor " sh Maryland | Mass In Mutual Invest Nation Wide Sec | Nagion Wide Votng Y Bk Tr Shrs | North"am Bona Tr ctts Nor Am Tr Shares Nor Am Tr Sh 1955 | Nor Am Tr Sh 1 Nor Am Tr Sh Plvmouth Fund Ine Quarterly ‘Income Sh | Selected "Am sh Selected Am Sh inc Selected Cumul Sh lected Income Sh | Spencer Trask Fund Am Tr Shrs Util Inc of Am Tr A of Am Tr AA of Am Tr B of Am Tr BB of Am Tr € oup Group Group Group Group 10 86 3020 1847 47 1994 16.59 | Super | 5% HOME the | D. C, FRIDAY, APRIL 9, 1937 $2,157,677 Earned By Acme Steel Co. In Twelve Months By the Associated Press. | CHICAGO, April 9.—Acme Steel Co.’s annuai report showed today 1936 consolidated net profit of $2,157,677, or $6.58 a share, compared with $1,- 760,964, or $5.37, in 1935. | Sales increased 20 per cent in 1936. R. H. Norton, president, sald busi- ness this year has started out with a “considerable increase” compared | with a year ago. BITUMINOUS OUTPUT OFF SHARPLY IN WEEK | The National Coal Association, from incomplete carloading reports from | the railroads, estimates bituminous | coal production in the United States | for the week ended April 3 as ap- | proximately 7,000,000 net tons. Pro- | duction for the corresponding week, | 1936, 6,538,000 tons; 1935, 3,809,000 The report of the Bureau of Mines shows production of 11,123,000 tons | for the week ended March 20 and | 11,256,000 for the week ended March 27, 1937. Production calendar year to April 3: | 1937, 134,249,000 tons*; 1936, 113,- | 158,000 tons. *Subject to revision. NEW YORK BAR SILVER. | NEW YORK, April 9 (#).—Bar sil- | ver firmer, up ' at 46!y | | Super of Am Tr D | Supervised Shrs Trustee Stand Inv C Trmstee Stand Inv D Trusteed Am Bk FiStced Industsy Shrs Wellington Fund LoANS 5% DlStllCL of Columbia, Nearby Maryland and Virginia 3 to 15 Years Also 20-Year Loans On owner-occupied homes, not over 5 years old, payable $6.88 per $1,000, Other plans on monthly payments. including F month per including interest and principal. auarterly or semi-annual H A. insured mortrages. RANDALL H. HAGNER & COMPANY INCOBPORATED MORTGAGE LOAN CORRESFONDENT NewYork Life Insurance Companspe 1321 Connecticut Avenue N.W. Telephone DEcatur 3600 14 T ring: ticking: 300 TONS OF LEAD SOLD. NEW YORK, April 9 (#).—The St. Joseph Lead Co. reports that 300 tons of pig lead from Southeast Missourt mines were sold yesterday at $5.85 per 100 pounds St. Louis. Charge Accounts— Monthly Settlements —or 12-Pay Plan 1TE ich U REICHSBANK STATEMENT. BERLIN, April 9 (7). —The Reichsbank statement 'as of April 8 (in_thousands Felehsmarks): Notes in circulation. 4 44 000; decry )0. G crease, Fore 5.763; increase, chas che, 5,645; decrease, 4.358 914" decrease, 5.068: decrease, 21 d foreign currencie: Rate of discoun Advances, Investments, Ratio of gold to notes. 1.6 per 4 per cent. reign cigr clirverics | Tocsrven, ok (Other billsof o | 472, T decrease. | Spain’s war is greatly stimulating obligations, Portugal’s wine trad Richard Prince Suits and Topcoats A happy combination of modern wear- ables that lend the wearer o magnificent air of well-groomed grace, and entailing a very modest outlay. Richard Prince Suits Cable Stripes @ Sharkskins ® Scotch Cheviots '35 Richard Prince Topcoats ® Glenover Plaids ® Gabardines @ Herringbones ® Andes Alpaca @ Scotch Cheviots @ British Coverts @ Herringbones $2950 and $35 Courtesy Parking at N.W. Cor. 12th and E Sts. or N.E. Cor. 11th and N. Y. Ave. F at Eleventh chest 80 rs and spBSae Eoas ale Price--="" sentation ‘- E sent Pre yur! cloauelt P ciuner ' aale PrICe a\\ ef“‘ Anmiversary el ca with small m\w“ pudor desiEl: ¥ " gmooth e S1AT yodern iversary of “Anni walnut oF ! lf' i g\our pie of the <n\(’ veneers ¢ and oportioned A nniv versary -Three . M ea! DAoL e VING Spii ing ‘Sale Price--—" LIVIS y anishe 2“\_\.@\1?\' ng- [‘mvl