Evening Star Newspaper, April 9, 1937, Page 18

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., FINANCIAL. P TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STOCKS IRREGULAR DEPUSIIS SBURE By Private Wire Dlruls to The Star. rev 193 ock and e Net ) AI END UF SESS'UN : £ Sharp Drop and Later Rally 2:16 p.m. Bales— Net Add 00. High, Low. Close. chge. l 1217% 1217% 121% + 18% 18% 18% 2:15 p.m. 2:16 p.m. Bales— Net Add 00. High, Low. Close. chge. 10% 10% Prev 1037 8Stock and Prev 1937 Stock and High. Low. Dividend Rate, High. Low. Dividend Rate, 137 118 Lehman Corp (13) .. 16% + % | 21% 18 Lehn& Fink(all%). 104% — % | 58% 49 Lerner Stores(12)__ 487% 48% 48% % %% — %| 79 66% Libbey-O-F (b75c)_ 6612 K 12% + Y| 15% 9% Libby McN & L(al) 14% 14 43% St Joseph Ld(b50¢) 47 56 50% 50% -+2% | 28% 25% Life Saver (11.60)__ 26Y% 26% 3 St L-San Fran (d).. 7 3% 3% 35% +2% | 114 100% Ligg & Myers B t4_. 101% 100% 6% St L-San Fr pf (d).. 5 8% 8 31% +2% | 23 21% Lily Tulip (113%)_. 4 22% 22% % 11 es— Net Add €0. High, Low. Close. chge. 10 72 69 12 3 4 40% 40 40% Prey 1037 Stock and High. Low. Dividend Rate. 72 Roan Antel (al.12) 38% Safeway Stores(t2) 97% Safeway Strs pf(5). 30s 102% 102% 102% 110 Safeway Strs pf(7). 30s 110% 110% 110% 4 633 Acme Steel (4) T5% T5% + " | 105% 106% Cons Oil pt (5) 15 Adams Exp (a55c) 18% 18% — % 155 7 Cons Textile (d) 24% Adams Millis (bl) ... 2614 26% + % 13% 814 Cons Coal(Del)vte. 314 Addressograph (1) 31 31 — | 52% 33 ConsCoal Del vtc pf 1110s 3 Advance Rumely __ 3 3 3 33% 20% Container Corp 1.20. 69 Air Reduction (t1)_ 0% 70% +1% | 87% 27% Contl Baking (A)_ $31,215,535 Increase Since 3% March, 1936, Revealed by Latest Call. BY EDWARD C. STONE. Bank deposits in the Capital piled up a gain of $31,215,535.67 between March, 1936, and the end of March, 1937, according to figures brought to light following the controller’s latest bank call isued yesterday and dawdl‘ as of March 31 Controller J. F. T. O'Connor’s call a year ago was dated earlier in the month, March 4, when deposits in the banks totaled $310,007,305.89 By March 31 of this year deposits had mounted to $341,222.841.56 In the banking district today bank- ers were commenting on the gain of $7,180,714.16 in the first three months of 1937, the size of this upswing being unexpected. Many bankers believed that aggregate deposits in the Wash- ington banks were running ahead of the December, 1936, total, but the ad- Vance to more than $341,000,000 was & higher figure than had been antici- pated A study of bank records discloses that bank deposits in the Capital have gained $94,768,926.56 since “March 5, 1934. During the year 1936 deposits here gained $40,348,600.77, a spec- tacular rise, but still not as striking as the gain of $27.628,382.49 hung up in the last six months of the year. Comparisons carried back to the | Wall Street boom show that deposits are far ahead of the highest figures | in 1929. The high point that year was on December 31, when the banks had | $255,783,346.85 in their vaults. As the | depression spread, deposits suffered | heavy recessions. The recent calls, after reflecting complete recovery, have shown a great deal of progress into wholly new ground | Riggs Continues Housing Loans. Robert V. Fleming, president of the | Riges National Bank, announced today | adoption of a plan under which the | bank will continue to make loans for | modernization and repair purposes to responsible home owners in amounts | from $100 to $2.500 for periods not exceeding three years This is the type of loans banks were premitted to make under title I of the | ( Federal housing act which were in- | ‘sured by the Government. Title I of | the act expired on April 1. Mr. Flem- | ing said these loans had proved such & great aid to home owners in modern- izing and repairing their homes that | he believed there might s be further | need for such loans in Washington and vicinity. For that son, he added, Riggs will be glad to continue the service to ap- plicants who ‘umbw the bank with satisfactory nformation, the the main office or the bran | Investment Bankers Convene. | A large delegation of Washington's | investment dealers will leave the city tonight for South: Pines, N. c.,| to attend the Spr conference of the Southeastern Group of the In- vestment Bankers' Association mmor-‘ row and Sund: Baltimore will send | a still larger delegation. Chester T. Lane, assistant general counsel to the Securities and Exchange Commission: John S. Linen, vice presi- | dent, Chase National Bank; Col. Henry | W. Anderson, co-receiver of Seaboard Alr Line, and Charles M. Johnson, | State treasurer of North Carolina, will be the principal speakers The Washington delegation will in- | clude L. Clark Brown, Brown, Good- wyn & Olds; William W. Mackall, W. W. Mackall & Co.. Robert P. Norman, Alexander Brown & Sons Chester T. Lane, Securities and E change Commission; Robert N. Den- ham, MacKubin, Legg & Co.: E. J. Mallonnee, First Boston Corp. hen-' neth S. Wales, K. S. Wales & Co.: Har\'c‘ C. Gram, Johnston, Lemon & Paul V. Keyser, association’s at- | 1+ J. C. Folger, Folger, Nolan & i James Parker Nolan, Folger, | Nolan & Co.; M. P. Nolan, MacKubin, | Legg & Co.; Y. E. Booker, Y. E | Booker & Co.: Myles H. Quail and | J. William Roberts, Y. E. Booker & Co.; Charles Henderson, Henderson, Winder & Co.; Richard P. Dunn, Mark Sullivan, jr.; Charles P. Lukens, Jr., | and Austin B Rohrbaugh, all of | Auchincloss, Parker & Redpath. John Redmond, jr., Baker, Watts & | Co., is chairman; Robert S, Belknap, | Alexander Brown & Sons, vice chair- | man, and C. Prevost Boyce, Stein Bros. & Boyce, secretary-treasurer of the | Southeastern group of the I. B. A, D. C. Bank Clearings Higher. The Washington Clearing House re- ports total clearings of $2 for the week ending April 7, compares with $27,783.821.26 in the | corresponding period a year ago, an increase of 7.1 per cent. In compari- son with a total of $24,436,408.49 for the previous week, clearings scored an increase of 21.8 per cent. Baltimore had a gain over last year of 25 per cent and Richmond 35 per cent. Washington is to be well repre- sented in Chicago on June 21-24 at< the forty-second annual convention of | the National Association of Credit Men. The convention is one of the most important business meetings of the year and is expected to have an attendance of nearly 5,000 credit men, Treasury Department representatives and others. J. H. Parker, Washington Association of Credit Men. has been named convention chairman for ‘Washington and vicinity. The Washington office of Gillet & Co. reports that the Mar-Tex Oil Co. has bought the interests of the Ben- nett Petroleum Corp. in the East Bryson Field in Texas for $1,000,000. ‘The new property is said to contain 17 producing wells. The Gillet firm distributed a good deal of the stock in Washington. It is listed on the Bal- timore Exchange State and municipal financing for the month of March aggregated $88,215,593, as compared with $119,- 995,256 in March, 1936, according to the Daily Bond Buyer. The total for the first quarter of 1937 is $357,388,- 986, as compared with $308,160,764 for the same period last year. . SALES OF “BABY BONDS” STILL FAR ABOVE 1936 Bs the Associated Press. NEW YORK, April 9.—United States Treasury sales of “baby bonds” continue to run far ahead of com- parable figures last year. Expansion in sales is attributed in financial circles partly to increased income of the public with the rise in pay rolls and wages, attraction of the bonds as a highly liquid investment and smaller yields obtainable on sav-~ ings in banks and top-grade bonds ‘Treasury receipts on United States savings bonds, as shown in its state- ment for April 3, compared as fol- lows: Fiscal year 1937 Like period 1936 fisc: $432,581,802 rear 185,391,001 7 3% Air-Way Electric_. 13% Alaska Jun (160c) Alleghany Corp Alleg pf ww $30_. 43% Alleg pf ww $40_ 3612 Alleg Steel (b40c) 25812 225 Allied Chem (6) 3315 2515 Allied Mills (b50c) 21% 16% Allied Stores (b20c) 80Y% Allied Strs pf (5)__. 6314 Allis-Chalm (b50c)_ 474 Amal Leather _ ___ 99'% Amerada Corp (2) . 27'% Am Bank Note (11). 58 Am Brake Sh (12) __ % Am Bra Sh rts Ap 16 105 Am Can (14) = 56 Am Car & Foundry_ 923 Am Car & Fy pf(b4) 72 Am Chain& Cabl.__ 115 Am Chain & C pf 5 99% Am Chicle (14) 13% Am Colortype 27% Am Crystal Sug b2_ 9412 Am Crys S 1st pf 6_. 8!x Am Encaustic = 74 Am & Foreign Pwr_. 4614 Am & For Pw $6 pf._ 54 Am & For Pw §7 pf_ 20% Am & For Pw 2d pf_ 18 Am Hawaiian (1) _ 62 Am Hide & Leather. 37'2 Am Hide & L pf (3). 4612 Am Home Pr t2.40__ 215 Am Ice = 13% Am Interntl (a40c)_ 43 Am Locomotive 114 Am Loco pf (a3) 2 Am Mach & F (1) 10% Am Mach & Met 60c. 501 Am Metals 5 62 Am News (N Y) (3) 11% Am Power & Light_ 551 Am Pw & Lt pf (5)_. 23 Am Radiator t60c - % Am Roll Mill 11.20 . 1 Am Safty Raz (12)_ 231x Am Seating (a213)_ 41 Am Shipbldg (2) 8814 Am Smelt & Ref(3) 141 Am Sm & Ref pf(7). Am Snuft (13) ___ Am Snuft pf (6) ___ Am Steel F (b30¢) * 1091, Am Steel F pf (7). 20% Am Stores (2) .__., 47% Am Sugar (2) 2113 Am Sum Tob (11)_. iR12 Am Tel & Tel (9) Am Tobacco (5) « Am Tobacco B (5) 14% Am Type Founders_ 21 Am Water W (80c)_ % Am Woolen £ 64 Am Woolen pf (b1). 2 Am Writ Paper (d) 4 Am Writ Pap pf (d) 6% Am Zinc & Lead : Am Zinc & L pr pf __ ~ Anaconda Cop (11) 7 Anaconda Wire (12) 104 5'3 AP W Paper - 46 41 Archer-Dan-M(+2)_ 134 7 Armour(Ill) blsc Armstrong Cork(2) « Artloom Corp S oc Dry Goods Atch T & S Fe(a2 4414 Atl Coast Line(al) _ 24 Atl Gulf & Wst Ind_ 30% Atl Refining (1) 16% Atlas Corp (80c) __. 501 A Corp pf (3) 721 Atlas Pwdr (b73¢) . 2814, Auburn Auto = Tix Austin Nichols 6% Aviation Corp Del_. ll!fl‘. 154 671 8 Baldwin Loco (d) 120 86% Baldwin Loco pf(d) 91 7 Baldwinasd (d) 120 Baldwin pf asd(d) .. 0% Baltimore & Ohfo - 33% Baltimore & Oh pf_. » Barber Co (a75c) 8 Barker Bros pf 2% 2614 Barnsdall (1) 161 Bayuk Cigar 175¢ .. 24 Beatrice Cream t1 84 Belzian NR pf(3.2 0% Benef Ind Ln (b95c) 6 Best&Co (72%) __ 73 Bethlehem (allg).. 18% Reth 5% pf (1) 120% Bethlehem pf (7) Bizelow-San b50c._. Black & Deck b50c 22% Blaw Knox (b20c) Boeing Airplane __. » Bohn Alum & B(3)_ 851 Bon AmiA (4) __ 413 Bon Ami (B) (21 6 Borden Co (1.60) __. 4 Borg-Warner (4) + Boston & Maine __ 3% Botany Mines A(d). 16% Bridgept Brss(60c Bridsp't Br rts Ap29 45% Briggs Mfg (12) 437 Briggs & Strat (3) _. 41% Bristol- %15 Bklyn Un Gas (3) .. 2 Brown Shoe (3) 20% Brunswick-Balke 181 Bucyrus-Erie 10% Budd (EG) Mfg 97, Budd Wheel(a20c)_. 34% Bullard (b25c) = 50% Bulova Watch (4)_ 30% Burr Add M (80c) __. Tl Bush Terminal (d) - 314 Butler Bros (bl5c)_. 4 Butler pf (115) = 5% Butte Cop & Z(ase) - 26 Byers (A M) = 27 Bwron Jackson (f1). 3814 Calif Packing (134). 2% Callahan Zinc-Lead 14}; Calumet&Hecla (1) 297 Campbell Wy (t1)_. 2T% Canada Dry G Ale__ Cannon Mills(b50c} Cap Adm (A)(al) . Carriers & Gen(bsc) Case(J 1)Co (4) _ 129%%116 Case(J I)Co pf(7)_- 100 8515 Caterpillar Tr (12)- 36% 26% Celanese (b75¢) - 48y, 36% Celotex Corp 76 Celotex Corp pf(5) 33% Cent Aguire (11%)_ 83 Central Foundry 30 Central RRof NJ_. 17 Cent Violeta Sug __ 671 Cerro de Pasco (4) . 16% Certain-teed Prd __ 35% Champion Pap (1) 108' Champion P pf (6) . 9016 78% Chesapeake Crp(3)_ 687 57% Ches & Ohio 12,80 _ 100 91 Ches & Oh pf A (4)_ 4% 2% Chi & East 111 (d) _. 13% 67 Chi & Est [11 pf (d)_ 4 2% ChiGrt West (d) _ 1313 Chi Grt West pf (d) 28 Chi Mail Ord 135 _ 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d) 3% Chi & N W (d) 23 Chi Pneumatic Tool 61% Chi Pn T pf b87 Yhe_. 21 Chi R | & Pac (d) 5% Chi RI&P 6% pf(d). 6% Chi RI&P 7% pf(d) 18Y% Chickasha Cott'n Oil 123 Childs Co 110% Chrysler (b13)_ 187% City lce & Fuel (2)_ 85 Clty Ice & F'of 634 4 City Stores 381 32 % Clark Equip(11.60)- 113 105 Clev El Illu pf 43 __ 41% 35 Clev Graph Br (2) 170% 12214 Coca-Cola (12) _ 57 Coca-Cola A (3) _ 191 Colgate-P-P(t50c) - 26 Colonial Beacon ___ 39 Col Fuel & Iron(b1) 21 Colo & Southern 24 Colo & South 1st pt 137 Columb G & El(40c) 9615 Col G & E pf A (6)__ 901 Col G & E pf (5) 321 Columb Pic vtc (1) 56% Comcl Credit (14)_. 65 Comcl Inv T (t4) _. 104 Comcl Inv T pf 4% 16% Comel Solv (160c) .. 2% Comw & Southern_ 55% Comw & Sou pf(3) 13% Conde Nast Pub ___ 36% Congoleum-Nrn(2)_ 16% ConnR&Lpf . 87 ConCoprpf ww 6% _ 38% Cons Edis N Y (12).. 4% Cons Fil; ERES 147 Cons Fig§ pf (a2) - X v 8 1761 138 583 111 e - R R PPy w e ) @ 3 61 9% 831 124 102 51 1143, 6 24 107 97y 110 6 201 50 303 323% 145 50 16 8 150 120‘4 76 17% 54 o [STCISTSICICE AR AT PN 12% 116% 19% 88 8% 33 10814 36% 1581 S 8 anTo® # 101% 59% 97 81 124 101 19% 27% 1131 2314 107 110 20 42 4y 14% 2914 311 14 50 16 % 148 120 8319 59%, 9% 62% 2% 6% T% 18% 12% 112% 19% 88 814 321 108 36% 156 5814 21y 381 * 35 + % +1 Gl () 3 Contl Baking (B)_. 55% Contl Can (3) __ 20% Contl Diamond (2)_ 37 Contl Insur (+1.60)- 2% Contl Motors 40 Contl Ofl Del (+1). 26% Contl Steel (b50c) 637% Corn Ex Bank (3) . 641 Corn Prod Ref (13)_. 6 Coty Inc . . 46 Crane Co i 116 Crane Co pf (1) 2914 Cream of Wheat(2). 21 Crosley Radloall - 701 Crown Cork & S(2)_ 43% Crn C&S pt xw 2% _ 17 Crown Zeller(new)‘ 99 Crown Zell cu pt(5). 51 Crucible Steel 2 Cuba Co 124 Cuba R R pf 10 Cuban-Am Sugar. 15% Curtis Publishing._. 93 Curtis Pub pt (7) 61 Curtiss-Wright __ 1813 Curtiss-W (A)ab0c. 81! Cutler-Ham (b50c) . 16 Davega Stores(t1)_. 20 Davega cum pf - 4 104% Deere & Co 29% Deere & Co pf 1.40 _ 22 Deisel-Wem-G(11)_ 4214 Delaware & Hudson 17'% Del Lack & West. 9% Det & Mackinac 2413 Distil Corp Seag 90 " Dist C S pf ww (5)_ 3714 Doehler Die Cast(2) 4213 Dome Mines (12) 10 Dominion Stores 54 Douglas Aircraft. 32 Dresser B (al) _ 6 Dunhill Internatl_ 15% Duplan Silk (1) _. Du Pont (b75¢) 4 Eastern Roll Mills_. Eastman Kodak(6)_ aton Mfg (12) itington-Schild__ 1 Paso Nat G 1.60 lec Auto Lt t2.40_. lec Boat (a60c) lec Storage Bat (2) 1k Horn Coal (d) ng Public Serv ng PS $5% pf bil nz P S $6 pf balg Equitable Office B Erie R R rie R R 1st pt 2d pt Ivans Prod (11 Exchange Buffet Fairbanks Co Fairbanks Co pt Fairb'ks-Morse (11) Fed Min&Sm pf(7) “ederal Motor (40c) Fed Screw Works ed Water Svc A _ Fidel Phoenix 11.60. irestone T&R (2) - Firestone pf A (6) First Natl Strs t214 39 Flintkote Co (1) 97y Follansbee Bros(d). 8 47%; Food Machine (1) __ 541y 43 Foster-Wheeler 135 Foster-Wheeler pf_ 18 ¢ Francisco Sugar __ Freeport Sulph (1) Gabriel Co (A)__ Gamewell Co Gannett cv pf (6) Gar Wood (asse) Gen Am Trans (a3). Gen Baking (160c) Gen Bronze _ Gen Cable ___ en Cable (A) o Gen Electric (b40c) Gen Foods (2) Gen Gas & Elec(A)- Gen Mills (3) - Gen Motors(b25e) Gen Motors pf (5) . Gen Outdoor Adv Gen Print Ink new Gen Pub Service _ ien Ry Signal Gen Realty & Uti Gen Realty & U pf. Gen Refract (a3%). Gen Steel Cast pf __ Gen Thea Eq(b25c). Gillette S Raz (1) Gimbel Bros Glidden Co (2) Gobel (Adolf) 2 Goebel Brew (120c). Goodrich(BF) (al)._ Goodyear (b50c) __ 141 100 Goodyear cu pf(5) 13': 10% Gotham Silk Hose 4% 3 Graham-Paige e 15 ¢ Granby Cons (new) Granby rights Ap 26 Grand Union ctfs __ rand Union pf(bl) Granite City Stl(1) _ Grant (WT) (71.40) Grt Northernpt __ Grt Northn Ore (1) Grt West Sug 12.40_ Grt Wst Sug pf(7) " Green H L (¥1.60) Greyhound (180c) _. Greyhound pf (55¢) uantanamo Sug__ Guantanamo pf 4 Gulf Mobile & N pf_ 55'2 Gulf States Steel _. Hall W F Print Hamilton Wth b2 c. Hanna (MA) pf(5)- ‘4 Harb-Walker ('2)_, Hat pf ww (6%) «_ 5% Hayes Body < 109% 101 Hazel Atlas G1 ('.v) 5% 13 Hecker Prod (60c).. 111 102's Hershey Ch pf(14)_ 1 52% 46 Holland Fur(al)- 5 1201: 105% Holland Fur pf(5)_. 20s 30% 21 Hollander & Son(1) 6 43'%2 31% Holly Sugar (12) .. i 431 355 Homestake (112)__ 13208 27% 21% Houd-Her B (f134) 19 94 89 Househ'ld Fin pf(5) 2 17% 124 Houston Oil vtc ___. 44 901 62% Howe Sound (13) . 4 57 4 Hudson & Manhat. 23% 18% Hudson Motor 61 2% 1% Hupp Motors _ 2 38 2214 Illinofs Central 22% 12% Indian Refin (a1)_ 44 36% Indus Rayon (2) 144 130% Ingersoll Rand(12). 131% 112'; Inland Steel (4) .. 33% 22Y% InspirationCop . 6 5% Ins Sh Md ct (a20c) 10 Inter Rap Tr vte(d) 11’z 4% Intercontl Rubber 281 16% Interlake Iron 16 32 6 32 Interlake rts Apr 15 5 Intl Agricultural _ 912 42 Intl Agricul prpf __. 189 1597 Intl Bus Mach(16)_. 111'4 99% Intl Harvester(233) 167« 8% Intl Hydro E1A __ 15% 6% Intl Mercantile M 18% 12% Intl Mining (a80c) 73% 62% Intl Nickel (b50c) 24% 16% Intl Paper (A) 18 10% Intl Paper (B) 9% 5% Intl Paper (C) 121% 90% Intl Paper pf _ 41 Intl Print Ink (t2) 501 4T o TP oo an » 3 8 o E W e 13% 45Y Intl Shoe (12)_. 318 Intl Silver 11% Intl Tel & Tel 28% Interstat Dp St b2y 19% Intertype Corp (1)-. 25% Island Creek (2) ... 130% Johns-Manv (13) _. 120 Johns-Mansv pf(7) 123 Jon&L 7% vf(b1%) 20 Kans City South _ 28% Kaufmann (11.60) 231 Kayser J & Co (2) 17 Kelsey-H A (al1%)-. 19% 14% Kelsey-H B (al3%)_ 109% 102 Kendall pf A (16) __ 69% 56 Kennecott (b50c) 17% Keystone S&W b30c 38% Kimberly Clark(1)._ 5% Kinney (G R) Co. 47Y% Kinney pf (al) . 245 Kresge S S (b30e) - 22 Kroger Groe (11.60) 18% Lambert Co (2) 17 Lee Rubber (50c) . 38% Leh Port Cmt 134 _. 2% Lehigh Valley Coal. 13% Lehigh Val Coal pf. 17% Lehigh Valley RR.7# 1’ A% + % 56% 21% 37% (RS e i B e T4h k4 Il+++++ 1+ 4+ 11 ++ P - 83% 61 53% 82% 3% T5% 10% 28% 43% 28% 99 41% 36 36 24% 541 28% 424 42% 16% 59 Lima Locomotive._ 52 Link Belt (+2) - 43% Liquid Carb (2.60) 64% Loew’s Inc (t2) _ 2% Loft Inc 56 Lone Star Cmt b75c. 6% Long-Bell Lumb(A) 22% Lorillard P (11.20) _ 37 Loose-Wiles (2)_ 19% Lou Gas & Elec (A). 87% Louis & Nash b23; _ 29% Ludlum Steel (1) _. 33 MacAndrew&F (12)_ McCall Corp (12) ___ Y4 McCrory Stores __ McGraw Elec (12) . McGraw H P b27 Mclntyre Porcu(2) %s McKeesp't Tin Plate McKesson & Rob __ McKess & Rb pf(3). McLellan Strs b7se Mack Trucks (11) __ Macy (R H) (2) _ Madison Sq G(80c)_ Magma Copper (2 Manati Sug pf (d)__ Mandel Bros (b1) _ Man El md gtd (d) .. Manhat Shirt (1) __ 4 Maracaibo Oil Exp_. Marine Mid (f40c)_. Market St Ry Market St Ry pf Market St Ry 2d pf Market St Ry pr pf_ Marshall Field Martin-Parry Masonite (1) Mathieson Alk(1 Maytag Co (a50c) Mead Corp Melville Shoe (15) .. Mense] Co Mengel 1st pf (214) Mesta Mach (b1%) Miami Copper Mid-Cont Pet a1 Midld Stl Prod (+2) Midld Stl 15t p£(8) Minn-Hon Ros (2) Minn-Hn R pf B(4) Minn Moline Pow Minn Moline Pw pf Mission Corp (a15c) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) i« Mohawk Carp(1.20) Monsanto Chm Montg Ward (12) Morris & Esx ( 3 Mothe Lode al2 Motor Prod (i2) Motor Wheel (1.60)_ Mueller Brass (+1)_ Mullins B (a50¢) Mullins pf ( Munsingw Murphy G C (2.60) Murphy G C pf () atl Aviation (al)_ atl Biscuit (160) atl Bnd& atl Cash Rez (1) tl Dairy Prd 1.20 atl Dairy pf A (7) atl Dept Stores Natl Dept Strs pf atl Distillers(12) atl Mall & S C bioc Natl Pw & Lt (60c) Natl Ry Mex 1st pf atl Steel (12 | e 1Supplv Co . atl Supply pf a3ty atl Tea (60c) tomas (180¢c) A« Newport Ind(bi0e) - N Y Air Brake b30c Y Chi & St L nf Y Omnibus(war)_ Y Dock Y Dock pf ; Y Investors (d) NH & H (d) NH & H of (d)_ ipbuilding N Y Shipbldg pf N Y Steam 1st (7) Norfolk South (d) Norf & W pf (4) North Am Aviation North Am Co(b30c) North Am Co pf (3 Northern Pacific __ Ohio Oil (a0c) Oliver Farm Equip_ Omnibus Corp vte - Oppenheim Collins_ % Otis Elev (60c) __. Otis Steel Otis Stl ev pf ( Outhoard Mot t Outlet Co (3) Owens-I11 G1 (§) i Pacific Am Fish 1.20 Pacific Coast 24% Pac Finance(+1.80) Pac Gas & Elec (2)_ ; Pac Lighting (3) _ Pac West Oil(aéic). Packard Mot (b15¢) 4 Panhandle P& R . Panhandle P&R pf_ Paraffine Co (h1)___ Paraffine pf (4) __ Paramount Pic Paramnt 1st pf (6)_ Paramnt 2d pf 60c Park Utah Parke Davis (b1) Parker Rust (1134)_ Parmelee Trans Pathe Film Corp __ Patino Mines(t60c) Peerless Corp & Penick & Ford (13) _. Penney J C) (4) Penn Coal & Coke Penn Dixie Cement_ Penn Dixie pf (A) Penn G1Sd cta50c . Penn Railroad (a2)- 2 Peoples Gas Chi ___ Pet Milk (1) L Petr Corp Am ad0c % Pfeiffer Brew (1.20) Phelps Dodge b3sc Phila Rap Tr (d) % Phila Rap Tr pf(d)- 2 Phila & Read C &6 Philip Morris(b3%) 4 Phillips Petrol (2) - Pierce Oil pf Pilisbury Flour 1.60 Pirelli (A) (a3.13) 4 Pitts Screw&B bl5c Pitts Steel Pitts Steel pf__ _ Pitts United Plymouth Oil (+1 Poor & Co (B) Postal Tel&C pf(d). 4 Pressed Steel Car Press Stl 1st pf 25c. Proctor & Gam (72)_ Pub Sve N J (2.60) _. Pub Sve N J pf (5)_. Pub Sve N J pf (6)_. Pullman Inc (1%4)__ 191 Pure Oil z 99 Pure Oil 6% pf 108 Pure Oil 8% pf 18% Purity Bak (60c) 16 Quaker State (80c). 10% Radio Corp 73% Radio pf A (3%) 7% Radio-Keith-Or (d) 31 Raybestos M (11%) 39% Reading RR (2) 45 Reading 1st pf (2) . 9% Real Silk Hosiery __ 70 Real SHpfal0ly 18% Reliable S af0c xrts 32% Reliance Mfg (t60c) 21% Rem-Rand (160c) __ 5 Reo Motor Car _ 27% Republic Steel 109 Republic pf (b1%)- 33% Revere Copper 71 Revere Copper(A) 91 Revers Cop of 5% 24% Revnolds Met (f1)_. 24% Reynolds Spr (t1) __ 26 50% Reynolds Tob B (3). 25 2 10s 1 110% 20% 161 107 741 95 2% L+ 4+ +1 o+ 201 2 103 110'% 20% 16% ~1% 51% + % St L Southwn (d)__ 14'4 Savage Arm (al) __ 4214 Schenley Dist (b75¢) 94% Schenley pf (5%) _ 2 Schulte R Strs (d) Scott Paper (1) ___ 4 Seaboard Air L (d). Seaboard A L pf(d). Seaboard O1] (1) Seagrave Corp Sears Roebuck (3) B Servel Inc (11) _ 421 Sharon Stl (11.20) 120 102 Sharon St pf (5) 14 10% Sharpe & Dohme _ 65 59% Sharp & Do pf(3%). 7% 14% Shattuck F G (60c)_ 34% 26% Shell Un Ofl (a25e)_ 105% 102 Shell Un Oil pf 5% .. 1214 Stlver King (b25c) 4415 Simmons Co (b50¢) - 314 Simms Petrol 42 Skelly Oil 99 Skelly Oil pf (6) __. 8514 Sloss-Sheffield Stl 105 Sloss-Sheft pt () 16% Socony-Vac (b2ie) 4% South Am G & P 30c 34 South Port Sug(t2) 4 Southern Pacific Southern Ry Southern Ry pf. palding 1st pf parks- Withing ___ Spear & Co (aZ0c) __ 4 Sperry Corp vte(al) hplcer Mfg (a3) tand Brands(f80c) Stand Gas & El (d) Stand G&E $4 pf(d) tand G&E $7 pf(d) tand Inv Corp = tand Oil Calif (+1)_ tand Oil Ind (1)__ tand Oil N J (t1) _ : Starrett L S(11.40) - Sterling Prod 13.80 _ Stewart-Warn 150c. tokely Bros (1) _ tone & Web(a25e). \ludah.xkor Corp ... Sun Oil (1) weets Co of Am Swift & Co (11.2 m-m Intl Ltd (2) _ ymington ww bl0c &\ mington xw bl0e Talcott (J) b3oe lcott (J) pf 2% _ enn Corp (alse) Texas Corp (2) __. Texas Gulf Prabe _ Texas Gulf Sul (12) Texas & PacRR __ Tex Pac C&O bl0c _ atcher Mpf(3.60) The Fair pf (7)____ Thermoid Co Thompson J R ?70(: Thompson Pr bi0c Thompson Starrett Tide Wat A O (60c) Timken Detroit t1 imken Roller B(3) Transamerica f40c Trans Wst Air a25c Transue & W (60c) ‘Tri-Contl (a50c) .__ Tri-Contl pf (6) Truax-Traer(b25c) - 20th Cent Fox b50c 20th Cent F pf(134) T3 11% TwinCity RT 94 Twin CRT pfal4 _ 26% 16% Twin Coach (al.40). 67 Ulen & Co 100 Und-Ell-Fisher (3)- 911y Union Bag & P (2)_. 111 Union Carb ( 2814 nion Ofl Cal 1455 ).~ 1) nion Pacific (6) _ Union Tnk Car 1.60- Utd Aircraft(a50c).- Utd Air Lines a20c_ d Biscuit (1.60) __ Utd Carbon (4) Unit-Carr Fast(t2). Utd Corp (aZ0e) .__. Utd Corp pf (3) Utd Drug (a75¢) Utd Elec Coal 2 Utd Eng & Fy (12)_ 2 Utd Fruit (13) _ Utd Gas Imp (1) 2 Utd Paperboard 208 1 32 1 0 P S LTS L PN A=, S Distributing pf_ * S & For'n Secur. S Gypsum (t2) __ 7S Gypsum pf () U S Hoffman U S Indus Alcohol U S Leather vte 1J'S Leather(A)vtc_ U S Pipe & Fdry(3). U S Realty & Imp . _ U S Steel pf (7) _ Unit Stk Yds (50¢) - Utd Stores (A) Univ Pictures 1stpf Util Pw&Lt (A)(d). Vadsco Sales Corp... Vanadium Corp _ 2 Van Raalte(b6215¢c) 2 Viek Chemical (12)_ -Car Chemical Va Iron C&C pf Vulcan Detin (a8) Wabash (4) < Wabash pf (4)(d)_. Wabash pf (B)(d) _. Waldorf Sys(+1.20) Walgreen Co (2) 2 Walgr'n Co pf (615) Walker (H) (2) « Walworth Co Ward Baking (A) Ward Baking (B) __ Warner Bros Pict Warner-Quinlan(d) Warren Bros (d) War'n Br cv pf (d) ¢ Warren Fdy&P (1) Waukesha Mot (1) _ Wesson O&S (t50c) Wesson O&S pf (4) - West Penn EI pf(6) West Penn EI pf(7) 11515 112 West Pa Pwr pf (6) 12315 1184 West Pa Pwr pf (7) 87 Western Maryland_ Western Md 2d pf__ Western Pacific Western Pacific pf.. Westn Un Tel (3) _ 4 Westingh'se A B(1) Westingh'se El (b1) Westhse 1st pf (bl) Weston El Inst a85c Westvaco Chlor (1) & Westvaco 5%pf 1% Wheeling Steel White Motor 2 2 White Sewing Mach White Sew Mch pf__ 2 Wilcox Oil & Gas Wilson & Co (50c¢) Wilson & Co pf (6) - Woolworth (2.46) 4 Worthington Pump Worth Pump pf(A) Worth Pump pf(B) 6812 Wrigley W ir (t3) .. 20% Yellow Tr & Coach 128 Yel Tr & Cpf(bl%) 40 Young Spr& W(t3). "% 75% Ygstn S&T (b75c) 115 99% Ygstn S&T pf (5%). 40% 31 Zenith Radio (b1)__ 9% 7% Zonite Products ___ 109 103 Approxmule Sales of Stocks on the N. ¥. Stock Exchange. 12:00 Noon 2:00 P.M Dividend rates as given tn the above table are the annual cash payments based on the latest quarterly or half-vearly dec- - 470,000 - 1,210,000 larations 15% s Unit of trading (ess than 100 shares. extras. reported not tncluding a Patd a Companies x Ex_dividend last vear. 15% 23 46% 96 2% 40% 1% 6 48 8% 86 29 36% 104 10% 59' 14% 30 103 99% 31% 6% -, 890,000 tAnnual rate— b Paid this y in receivershf or being reorsani: E/.yperienced Adt;grtisers Prefgr The Star Followed by Fresh Selling. Stock Averages 15 15 60 ils. Uti). Stks —3 —2 —3 440 455 686 443 457 689 479 484 741 382 490 645 495 540 753 37.8 457 637 Net change._ Today, noon 92.6 Prev. day... 93.0 Month ago. 100.2 Year ago._. 85.3 1937 high__ 101.6 1937 low... 928 1936 99.3 435 537 728 1936 734 302 434 537 1932 175 87 239 169 1929 146.9 153.9 184.3 157.7 1927 low... 516 953 618 61.8 (Comptled by the Assoctated Press.) BY VICTOR EUBANK, Associated Press Financial Wr NEW YORK. April 9—After an | early setback of fractions to 3 or more points, stocks rallied in today's mar- | ket on word from the White House that no change in the present gold price was contemplated. wiped out stances. Late selling recoveries in many in- Touching off the opening slide was the sharpest break of the French franc isince its devaluation last September | Major commodities also toppled Trends were quic reversed in most financial departments, howevi i when the President at his press con- | ference voiced monetary reassurances. In the quick stock turn-about the ticker tape for a while was several | minutes beh But the pace soon slowed to a dragging walk. The franc and some staples were still under water at the close and there was a Wide assortment of share losers. Trans- fers were around 1,650,000 chares. United States Government securiti » | and corporation loans improved in » | the bond market Stocks on top the the time included Youngstown Shi Hudson Motors. Y vear, U. S. Rubber, gomery Ward worth, Inte; i { Boeing, Douglas Aircraft craft, St. Joseph Lead Santa Fe, Grea 35 American, Electric Power Standard Oil of New Corp., Westinghouse Continental Oil, Container Corp olv\zn Fa*m United States Steel flopped at the start, came back for an advance of a bit over a point, then retreated near the finish. Inclined to stand still or give grot were New York Central, South Pacific, Pennsylvania Anacond; Western Union, Consolidated Edi American Can, General Electric, P! lips Petroleum and American Tele- phone. | By the Associatea pres NEW YORK, Ap eral liquidation prices about $1 to $2 a bale further early today, but, while partial rallies followed denials from the White House of any knowledge of plans to lower the gold buying price, the undertone continued mervous. July, which had recovered from ‘13.70 to 13.97. sold off to 13.84, with i prices in midafternoon showing net losses of 13 to 24 ]xwum greater part of Bethlehem Steel, t & Tube, Chrysler, FEyFEs ERES « | New Orleans Prices NEW ORLEANS opened from and then_ pri losses to 5 a bale 1 | Octover. To ¥ ‘s Putures closed steady Hig P | December | i quiet: midd TRADE RULES APPROVED | Fair trade practice rules for t covered button and buckle manufac- turing industry received approval | the Federal Trade Comm y > | The rules prohibit monopolistic trend false advertising. selling below co 3| for the purpose of eliminating com- petition and illegal rebates and com- 1 | missions on_sales % WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. Single and up. PROSPECTUS SENT ON REQUEST Wellington Foundation, Inc. William Canby Mer. Woodward Building National 3717 deposit certificates $300.00 BONDS U. S. Govt. Municipal Corporate STOCKS Listed Unlisted Bank Insurance Robert C. Jones & Co. | Members Washington Stock Ezchunge SHOREHAM BLDG. Metropolitan 2922 | “Complete Investment Service