Evening Star Newspaper, April 10, 1937, Page 11

FINANCIAL, _ SESSION PLANNED BY BANK AUDITORS W. T. Vandoren Will Lead THE EVENING STAR, WASHINGTON, D. C., SATURDAY, APRIL 10, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direst te The Star. Prev 1037 Stock and ‘Prev 1037 Stock and Bales— High. Low Dividend Rate. High. Low. Dividend Rat Add oo. Hish, h'. Closs. ohu 29 24Y Distil Corp Seag 80% 63% Acme Steel (4 = 76 76 + % | 46% 37 Doehler Die Cast(2) 15 Adams Exp (a66c. 18% 51 41% Dome Mines (12)_ 3 Advance Rumely 3 77% b4% Douglas Alroraft___ 681 Air Reduction (t1). 72 +1%| 180% 164 Du Pont (b75c) ’:% + % FINANCILAL, ¥ A—11 STOCKS HESITANT AT WEEK'S CLOSE Prev 1937 Stock and Net High. Low. Dividend Rate. AM 00. High, Low. Close. chge. 26% 16% NY NH & H pf (d)_. 1 19% 19% 19% + % 6% 5 NYOntario& W 1 5 5 5 15% 11% N Y Shipbuilding. 2 11% 11% 11% — % 101 95 NY Steam pf (6) 97 o7 91T +1 4% 2 Norfolk South (d) 3% 3 3% + 102 102 102 18% 12% 13 Prev 1037 Stock and High. Low. _ Dividend Rate. 67% Stand Ol N J (¥1) .. 3434 Starreit L S(11.40) 17% Stewart-Warn t60e. 15% Stokely Bros (1) __ 22% Stone & Web(a26c). 13% Studebaker Corp.. 68 Sun Oil (1) Aau 00. High, Low. Close. an'e 26 26 + % 36% 44 b56% 166 Low. Close. 69% 69% 39% 39% 17% 17% 15% 15% 24% 16% 1'% Aflfl 00, High, 19 10 2 39% 1T% 15% 24% 4% 31 Air-Way Electric 17 11% Bastern Roll Mills. £ 114 102 Norf & W pf (4) 176% 158% Eastman Kodak(6). 97 Ala & Vicksburg (6) 1234 North Am Aviation_ + Discussion on Problems of Smaller Banks. BY EDWARD C. STONE. Further plans were announced to- day for the fifth Eastern Regional [Conference, National Association of Bank Auditors and Controllers, to be held at the Ward- fman Park Hotel, 18% Alaska Jun (t60e) .. 3% Alleghany Corp..... 431% Alleg pf ww §. 43% Alleg pf ww $40. 36% Alleg Steel (b40c) . 110 110 Alleg & West (6)_ 2581 225 Ailied Chem (6) _ 21% 16 Allied Storas (b20c) 85 80% Allied Strs pf (5) 8314 63l Allis-Chalm (b60c) . 39% 30% Alpha Port Cmt (1). 8% 4% Amal Leather ___ 101% 83 Am AgChm Del bl 27 Am Bank Note (t1). 13% — % % + % B1% +1 18+ % 81 66% —1 3% 16 45% 16 % 26% 2% 4% 2 60 116% 1% 9% 23% 32 Eaton Mfg (12) 11% Eitington-Schild_ 38 Elec Auto Lt 12.40. 11% Elec Boat (a60c) 6% Elec&Mus I (al8e). 19% Elec Pow & Light _. 75 Elec Pw & Lt $7 pf 39% Elec Storage Bat (2) 1% Elk Horn Coal (d) .. 556% Endicott-John (3) . 108% Endicott-Jhn pf(5). 11 Eng Public Serv___. 7% Equitable Office B. 13% Erfe R R FEREREEEEE 26 North Am Co(b30c) 27% Northern Pacific _. 8% Norwalk Tire & R .. 17% Ohfo Ofl (a80c). __. 53% Oliver Farm Equip_ 18% Omnibus Cozp vtec. 36% Otis Elev ($0¢) 16% Otis Steel 10% Pacific Coast 197 Pacific Coast 2d_ 30% Pac Gas & Elec (2)_ 152 140 Pac Tel & Tel (8) __. 29% 22% Pac West Oil(as5c). 26% 30% 5% 21% 69% 19 354 20% 10% 19% 1% 141 28 26 30% 5% 26 30% + B% 21% 6T — 18% — 35% — 20 10% 19% — % 314 — % 141 41 28 —% % % - % W 18% 141 28 7% 28% 125 119 Sun Oil pf ( 46 Superheater C 4% Superior Of1 __ 25% Swift & Co (11.20) . 30% Swift Intl Ltd (2) . 18% Symington ww bl0c 11% Tenn Corp (alse) .. 50% Texas Corp (2) . 1% Texas Gulf Pr abc .. 88 Texas Gulf Sul (12) 13% Tex Pac C&O bl0c . 11% Texas P L T (al10c). 10 Thermoid Co —— 122 47% 6% 25% 324 19% 13% 60% R4 40% Few Specialties Manage to Edge Ahead, While Others Mark Time. Stock Awrages 30 80 Indust. RADs mx sky Nei change. -4 1 - Today, close 930 445 458 69.0 58 Am Brake Sh (t2) __ % Am Bra Sh rts Ap 16 101% Am Can (t4) - 56 Am Car & Foundry._ 92% Am Car & Fy pf(b4) 72 Am Chain &Ca bl 13% Am Colortype 12% 10% Packard Mot (b15c) 88% 60 Panhandle P&R pf_. 28% 22% Paramount Pic 200% 161 Paramnt 1st pf (8)._. 26% 20% Paramnt 2d of 0c. 8% 4% Park Utah _ _ 44% 38 Parke Davis (bl). 23 Thompson Pr b40c .. April 23 and 24, 64 Thompson Starrett._ 18% Tide Wat A O (60c). 22 Timken Detroft t1__ 15% Transamerica t40c_ 16% Trans Wst Aira2sc. 19% Transue & W (180c). 0% 5% 23% 167 21% bl 3814 10% + % 5% +1% 23% — % 167 —4 21% — W 5% 3814 — Prev. day . 934 444 460 692 Month ago. 999 477 482 739 Year ago. . 855 386 492 647 1937 high__101.6 495 540 753 1937 low. .. 92 378 457 687 1936 high__ 435 53.7 728 35% 3% 6% b% 28 20% 26% Erie R R 1st D( 28% Evans Prod (11) 4% Exchange Buffe 31 Fairbanks Co 20% Fairbanks Co pf 21 Federal Lt & Trac. FERE FREE » 5% whamoana # %+ 104% 104% — 59 59 9% 831 19% the District Bankers Associa- © 97 — 84% + 19% « ander, , curity Savings & Commercial; tion. W. T. Van- dent and cashier, Liberty National Bank, will lead a discussion of par- ticular interest to the smaller banks. Another dis- cussion will be held at the same time for those connecied with the larger banks, under the leadership of Arthur K. Schultz, assistant con- troller of the Chase National Bank, New York. B Subjects which Mr. Vandoren's group will discuss are: Value of an actuarial system in a small bank; benefits derived from monthly reports of operations; advisability of rotating employes; maintenance of a separate general ledger for the trust depart- ment; in banks operating on a cash basis, procedure {o be followed in verifying daily collection of interest in the note department, and fields for further extension banking service. Other bankers who will appear on | W. T. Vandoren. of ,the program and assist Vandoren in the debating of these subjects in- clude Harold E. Zarker, controller, Fulton National, Lancaster, Pa.; K. D. Montizambert, auditor, Mt. Vernon Trust Co., Mount Vernon, N. Y.; R. Bascom Broun, jr. cashier, First Na- tional Bank of St. Marys, Leonard- town, Md.; R. G. Whitton, assistant cashier, First National, Alexandria, Va.; Charles H. Zimmerman, auditor, Capital Bank & Trust Co., Harris- burg, Pa.; C. W. Parker, auditor, Planters National Bank & Trust Co., Rocky Mount, N. C.; Willim B. Alex- treasurer, Colonial Trust Co, | Baltimore, and Josephus Carr, cashier, Peoples National, Leesburg, Va. Chapter Nominates Delegates. ‘Washington Chapter, American In- | stitute of Banking, has nominated these members as delegates to the national convention at St. Paul June T to 11: Paul J. Seltzer, B. Bruce Frantz, | L. T. Savage, Frank M. Perley, James | C. Dulin, jr., American Security & | Trust Co.; John M. Harris, Anacostia Bank; PFrancis E. Robe Bank oh Commerce & Savings; William F Russ, City Bank: Robert H. Lacey. Margaret P. Hayden, Columbia N: tional; J. Earle McGreary, A. E. Henze, Katherine McCalmont, W. B. Hibbs & Co.; Myrtle P. Lewis, Ger- trude A. Wick, Liberty National; Aubrey C. Dooley, Robert A. Sisson, Hamilton National; Richard A. Nor= ris, James A. Soper, George Gallaher, Joseph Turner, George M. Rowzee, jr., Lincoln National; William C. Cox, jr., McLachlen Banking Corp.; George B Earnshaw, L. Harry Rider, Margaret A. Berckmann, National Mefropoli- tan; G. Crawford Turnbull, Morris Plan; Thomas J. Cronin, Munsey Trust; John Tripp, National Bank of Washington; Douglas R. Smith, Na- tional Savings & Trust Co.; Constance F. Jones, John M. Christie, Frank U. Rodger, J. Stanley Wolfe, Frances E. Nagel, Robert M. Poole, 1. J. Roberts, Riggs National; Joseph R. Fitzpatrick, Stuart S. Ogilvie, Second National; T. Hunton Leith, J. O. Lehmann, Se- G. El- mer Flather, Union Trust; Willlam H. Laughlin, J. Kennedy Ireland, Ed- ward M. Blaiklock, Washington Loan & Trust; Robert C. Whitton, E. Wal- lace Schreiner and Alace H. Whitton, First National, Alexandria. Banks Keep up Housing Loans. Tt is learned in the financial dis- trict that a majority of the banks in Washington will continue to make loans for alterations and repairs ‘which were originally authorized un- der the Federal Housing Act under Title 1. Although Title I expired on April 1, these banks have now de- cided to make more such loans in- dependently. Loans for renovations have been an | important factor in business recovery for many months. Each loan has meant additional employment and also the purchase of building and other materials used in renovizing work. Bankers believe that many people in the city who have delayed renovizing work are now in a posi- 991y 24% 101 5714 87% 104 55% 37 116 18% 52% 36% 9 9% 111 91s 40 473 43% 53 8 38% 52% 24% 25% 117% 176% 100 86% 1284 418, 863 2304 82 9012 6874 263% Am Comcl Al ab0c_. 27% Am Crystal Sug b2_. 8% Am Encaustic 13 Am European Sec T4 Am & Foreign Pwr._. 204 Am & For Pw 24 pf_ 61 Am Hide & Leather_ 37 Am Hide & L pf (3)- 2% Am lce 13% Am Interntl (a40c) 43 Am Locomotive . __ 22% Am Mach & F (11)_. 504 Am Metals 11 Am Power & Ligh 66 Am Pw & Lt pf (¢ 23 Am Radiator t60c.__ 334 Am Roll Mill t1.2 30% Am Safty Ras (12). 23% Am Seating (a2% ). 88% Am Smelt & Ref(3)_ 105 Am Sm & Ref pf(6). 57% Am Steei F (b50e) __ 109% Am Steel F pf (7) 20 Am Stores (2) _. 130 Am Sugar pf (7)_. 167 Am Tel & Tel (9) 781 Am Tobacco (5)___. 80% Am Tobacco B (5)_. 14% Am Type Founders. 21 Am Water W (80c)_ 9% Am Woolen 64 Am Woolen pf (b1)- 2 Am Writ Paper (d) 4 Am Writ Pap pf (d) 63% Am Zinc & Lead __ 443 Am Zinc & L pr pf__ 52% Anaconda Cop (t1) 80 Anaconda Wire (i2) 18 Anchor Cap (60c). _. 41 Archer-Dan-M({2). 107% Armour (Del)pf(7) - 7 Armour(Ill) bise_ . 815 Armour(Il1)pr pf 6_ 184, Assoc Dry Goods __ 98 Asso D G 1st p£(6) .. 495 Associates Inv (12)_ 691 Atch T & S Fe(a2)_. 100% Atch T & S F pf(5)- 443 Atl Coast Line(a1)_ 30% Atl Refining (+1) 111 Atl Refin pf (4) _.. 163 Atlas Corp (80c)_. 50% Atlas Corp pf (3). 281 Auburn Auto Tl Austin Nichols 63, Aviation Corp Del_. 8 Baldwin Loco (d) . 634 Baldwin asd (d) _ 20% Baltimore & Ohlo 33% Baltimore & Oh pf _ 35% Barber Co (a75c) - 38 Barker Bros pf 2% 261« Barnsdall (1) 16t Bayuk Cigar +75¢__ 24 Beatrice Cream t1_. 12% Belding Hemin (1) - 23% Bendix Avia(b26c) 20% Benef Ind Ln (b95c) 73 Bethlehem (a1%).. 18% Beth 5% pf (1) _ 2 120% Bethlehem pf (7) 52 Bigelow-San b50c__ 30 Black & Deck b50c_. 22% Blaw Knox (b20c) 90 Blumenthal pf(a21) . 33% Boeing Airplane 40% Bohn Alum & B(3) . 41% Bon Ami (B) (233). 26 Borden Co (1.60) __ 72% Borg-Warner (4) __. 16% Bridgept Brss(60c 4 Bridep't Brrts Ap29 % 45% Briggs Mfg (t2) __ 4 43% Briggs & Strat (3) 39% Bklyn-Man Tr (4) .. 38 Bklyn Un Gas (3)__ 20% Brunswick-Balke. 18 Bucyrus-Erie 108% Bucyrus-E pf (7) 10% Budd (EG) Mfg. 75 Budd (EG) pf __ 9% Budd Wheel(a20c) 34% Bullard (b25c) 50% Bulova Watch (14)_ 303 Burr Add M (80c) - T4% Bush Terminal (d) - 27 Bush Term deb (d) - 24Y% Bush T Bldg pf(d) - 13'% Butler Bros (bl5c) - 5% Butte Cop & Z(abc) - 25% Byers (AM) ______ 38% Calif Packing (1%;) 23 Callahan Zinc-Lead 14% Calumet&Hecla (1) 27% Canada Dry G Ale 14 Canadian Pacific 50 Cannon Mills(b50c? 50 Cap Adm pf (A)(3). 7 Carriers & Gen(b5c) 138 Case(J I)Co (4). . 8513 Caterpillar Tr (12). 26% Celanese (b76¢c) - 8% Central Foundry. 30 CentralRRofNJ.. 674 Cerro de Pasco (4)_. 16% Certain-teed Prd __ 67% Certain-teed pf (6)- 78% Chesapeake Crp(3)- 57% Ches & Ohio 12.80 _. 91 Ches & Oh pf A (4)- 2% Chi Grt West (d) ... 2 Chi Mil St P&P (d)- 4% Chi M St P&P pf(d) 31 Chi & N W (d) 11% Chi & N W pf (d) 2% Chi R | & Pac (d) .. 6% Chi RI&P 1% pf(d) 12% Childs Co £ - - 2 S AR O BN AN U AN NN D~ RN~ O TN =B T TN RN O~ 28% 27% 10% 14 9% 2T% % 48 3% 15% 49% 23% 57 11% 68% 28% + 27% FEE F RRRSRRIEER 950 10 4 O =t a3 ot =3 i DO 10 0 1ot 1 1 I 0000 DO N 1 B0 1 = FFFF OEF RAEF IRXER =5 o e 1 = ©m 5505 I+ 411 o =3 + L E US40 wfwvnupBansars =S 00 14 0019 00 00 63 83 AN B0 =8 8 58 ouanaratn Bron FOEF FER EEREF » 00 8 08 0 00 b O B VNt I O i 1O DO 3 00 5 3 EFREE FEE KR 103 11% 11% 6 93 Fed Lt & T pf (6)__. 814 Federal Motor (40c) 5% Fed Screw Works__. 4% Fed Water Sve A 45% 37% Fidel Phoenix 11.60. 41% 32% Firestone T&R (2)- 107% 103% Firestone pf A (6) . % 46% First Natl Strs 1213 46% 38l Flintkote Co (1) ___. 39% 34 Florsheim A (2) 68 4714 Food Machine (1) 128 116% Food Mach pf(4%). 32% 26% Freeport Sulph (1) 74 4% Gabriel Co (A)____. 33 23 Gamewell Co . 106% 100% Gannett cv pf (6) 19% 15% Gar Wood (a55c) . 86 69% Gen Am Trans (a3). 19% 15% Gen Bakins (160c)_. 14 10 Gen Bronz 821 25% Gen Cable _ 647 b52% Gen Electric (b40c). 44% 39% Gen Foods (2).__ 3% 2% Gen Gas & Elec(A)_ 65% 60 Gen Mills (3) 70% 58% Gen Motors(b25c) . 5% 414 Gen Pub Service 6% 8% Gen Realty & Util_. 70% 60% Gen Refract (a3%). 43% 37 Gen Time Inv(f1) .. 20% 16% Gillette S Raz (1) 29% 20% Gimbel Bros ______ 50% 31 Goodrich(BF)(al)_ 87% 79% Goodrich pf (5) 47% 27% Goodyear (b50c: 13% 10% Gotham Silk Hox 4% 3 Graham-Paige 15 6% Granby Cons (new 732 432 Granby rights Ap 26 5% 40% Grt Northern pf____ 28% 19 Grt Northn Ore (1)_ 42Y% 35 Grt West Sug 12.40- 3915 3214 Green H L (¥1.60)_. 16% 13% Greyhound (i80c) _. 113 10% Greyhound pf (55c). 4% 3 Guantanamo Sug__ 20‘. 131 Hall W F Print____. 25% Hamilton Wth b26c. 103 1043 Hamilton W pf (6) - 5814 50% Harb-Walker (12)_. 8 5% HavesBody _ ____. 13 Hecker Prod (60c) . 29 Hercules Motor(t1) 46 Holland Fur(ali)_ 30% 21 Hollander & Son(1). 43% 31% Holly Sugar (2) . 431 355 Homestake (t12)__. 27% 21% Houd-Her B (1134)- 73 57% Household Fin (4)_. 17% 121 Houston Oil vte ___ 90% 623% Howe Sound (3) 23% 18t% Hudson Motor. 2% 1% Hupp Motor: 38 2214 Ilinois Central ___ 44 36% Indus Rayon (2) 144 130% Ingersoll Rand (12) 131% 112% Inland Steel (4) 33t 22Y% Inspiration Cop 6 5 InsShMdct(a20c) 11% 4% Intercontl Rubber 28% 16% Interlake Iron 16 32 6 32 Interlake rts Apr 15 9 5 Intl Agricultural 59% 42 Intl Agricul prpf - 189 159% Intl Bus Mach(16) 111% 99% Intl Harvester(23) 16% 8% Intl HydroE1A ___ 6% Intl Mercantile M __ 12% Int! Mining (a90c) _. 62% Intl Nickel (b50c) - 16% Intl Paper (A) . 10% Intl Paper (B)_ 5% Intl Paper (C).. 90% Intl Paper pf_ 109% Intl Print Ink pf(8) 31% Intl Silver _ £ 11% Intl Tel & Tel 36 28% Interstat Dp Stb2% 29% 251 Island Creek (2)___ 165 130% Johns-Manv (73) 126 120 Johns-Mansv pf(7) 136 123 Jon&L 7% pf(bl%) 46 38 KalamazooS (11) - 29 20 KansCity South 44% 38 Kans City So pf(al) 35 28t Kaufmann (+1.60) .. 27!/. 23% Kayser J & Co (2) — 17 Kelsey-H A (a1%)_ mwx 102 Kendall pf A (16)__ 556% Kenrecott (b50c) 17% Keystone S&W b3lc 381 Kimberly Clark(1) ATY% Kinney pf (a1) 24% Kresge S S (b30c) 22 Kroger Groe (11.60) 18% Lambert Co (2) ___ 17 Lee Rubber (50c) 5134 38% Leh Port Cmt 1% _. 3% 2% Lehigh Valley Coal. 137 118 Lehman Corp (3) .. 79 66% Libbey-O-F (b75c)._ 15% 9% Libby McN & L(a1) 114 100% Ligg & Myers B 14 175 156% Ligg & Myers pf(7) 83% 59 Lima Locomotive _ 52 Link Belt (12)_ 6414 Loew’s Inc (12) 214 Loft Inc _ 56 Lone Star Cmt b76c. 6% Long-Bell Lumb(A) 22% Lorillard P (11.20) 19% Lou Gas & Elec (A). 33 MacAndrew&F(12). 30 McCall Corp (12) 18% McCrory Stores ___ 403 McGraw Elec (2) . 203% McGraw H P b27%c 37% MclIntyre Porcu(2) 38% McKeesp't Tin Plate 15% 39% 52% 27% 61 82% 3% 6% +l+44++ ++ I+ 14+t++11 p -~ 11l s oA T +1 ~ - ++ SREE SUSSEERE EUREER SR SESET ST RS 0 - S NS TR L %~ L e & . 4L - 0 @ & Litinn+ 29% 247% Parker Rust (11%). 7% Pathe Film Corp .. 14% Patino Mines(160c). 3% Peerless Corp.._ 50% Penick & Ford (t 97 PenneyJC) (4 4% Penn Coal & Cok: 22 Penn Gl Sdctaboc 893 Penn Railroad (a2)_ 1138% Peoples D pf (6%) . % 17% Petr Corp Am a80c_. 10% Pfeiffer Brew(1.20). 4T% Phelps Dodge bibc._. 1% Phila & Read C& I_ 70 Philip Morris(b3%) 49% Phillips Petrol (2) 28% Pillsbury Flour 1.60 13% Pittsburgh Coal____ 13% Pitts Screw&B blbc. 24% Pitts Steel . _. 122 103 Pitts Steel pt_.. 3% Pitts United 81% Pitts & W Va 24% Plymouth Oil (1) 2414 Poor & Co (B) 7% Porto R Am Tob 2% Porto R Am Tob B_. 10 Postal Tel&C pf(d). 231 Pressed Steel Ca: 67 PressSt12dpf2% . 551 Proctor & Gam(12)._ 4 114% Proc & Gamb pf(5) - 43 PubSveNJ (2.60)_. 58 Pullman Inc (1%)_. 1915 Pure Ofl ___ 108 Pure Oil 8% 18% Purity Bak (80c. 10% Radio Corp___ 73% Radio pf A (3%)_ 7% Radio-Keith-Or (4). 31 Raybestos M (11%) 39% Reading RR (2) 9% Real Silk Hosiery. 211 Rem-Rand (160c) 5 Reo Motor Car. 2714 Republic Ste 33% Revere Copp, 50% Reynolds Tob B (3). 109% Safeway Str pf(6) . 110 Safeway Strs pf(7). 43% St Joseph Ld(b50c). 3 St L-San Fran (d)_. 6% St L-San Fr pf (d) . 14% Savage Arm (al) __ 421 Schenley Dist(b75c) 2 Schulte R Strs (d) - 38 Scott Paper (1)____ 1% Seaboard Afr L (d) _ 6 Seaboard A L pf(d). 40% Seaboard Ofl (1) _ 7% Seagrave Corp 81 Sears Roebuck (3) 28 Servel Ine (t1) ___. 10% Sharpe & Dohme 5914 Sharp & Do pf(3%) 141 Shattuck F G (60c) 371 Sheaffer Pen(b1%) 26% Shell Un O1l (a25c) 102 Shell Un Oil pf 5% 123% Silver King (b25¢) 441 Simmons Co (b50c) 42 Skelly Oil 85V Sloss-ShefMeld Stl 37% Smith (AO) ___ 27% Smith & Cor ctfs(1) 16% Socony-Vac (b25c) 4% South Am G & P 30c 34 South Port Sug(2) 26 So Cal Edison 1% _ 42; Southern Pacific_ 24 Southern Ry __ 47% Southern Ry pf__ 7 Sparks-Withing __ 19 Sperry Corp vtc(al) 2814 Spicer Mg (a3) ___ 22% Spiegel, Inc (1) __ 1414 Stand Brands(180c) 8% Stand Com Tobac _. 8% Stand Gas & El () 25 Stand G&E $4 pf(d) 60 Stand G&E $7 pf(d) 43Y% Stand Ofl Calif (1) 44% Stand Oil Ind (1) 0 S AaTanNN~~AQT e - s e 3. 33 e Ok b R e T 264 % 26 + 8% + 18% — 14 3 3 B S a8~ Eant 2 138 4 3 T+++ +1+1++ & 2 1 7 n 3 9 1 10! | 11 | 12 1 8. 5 16° [3 31% 24% 14% 10% 10% 255 61% 45% 46% 5 ot 55 o B & ERFFEISIFEE FIE lar st ii# 46% 28% 23% 445 | not including exiras " a Paid Qompanies | reported s 8 Tri-Contl (a50c) __ 814 Truax-Traer(b25c)_ 33% 20th Cent Fox b50c._ 74 TwinCRT pfals _ 16% Twin Coach (al.40)_ 4% Ulen& Co _ ______. 97% Union Carb (3.20)__ 2414 Union Of1(Calif)1.20 8% 126% Union Pacific (6) __ 13 26% Union Tnk Car 1.60_ 54 27%4 Utd Aircraft(asc)_ 17% Utd Air Lines a20c_ 29% Unit-Carr Fast(12). 5% Utd Corp (a20e).. 41% Utd Corp pf (3) - 14% Utd Drug (a75c) 18% Utd Dyewood (1) 7% Utd Eiec Coal . _. 80% United Fruit (3) 13% Utd Gas Imp (1) 63 Utd Paperboard ___ 033 15% U S Distributine pf_ 7 111 US Gypsum (12) 17 U S Hoffman.___ 37% U S Indus Alcohol - 6% U S Leather vte ___ 13% 1] S Leather(A)vtc_ 5915 U S Pipe & Fdry(3). 13% U S Realty & Imp__. 44% U S Rubber. _ 9213 U S Rubber 1st pf_ 83 U S Smelting (b4) 69 U S Smelt pf (3%) 75 US Steel 5 139% U S Steel pf (1) 7. Unit Stk Yds (50c) - % Utd Stores (A) 274 Ut PwhLt (A)(@)- 3% 5% 25 1% Vadsco Sales Corp.. 9%, 28% Vanadium Corp. __- 39% Van Raalte(b62%c) 2% 7% Va-Car Chemical 4% 543 Va-Car Chem 6% pt 5 108 VaEl& Pw ot (6) 7 26% Valron C&Cpf _ 8 70 Vulcan Detin (a8) 0% 3% Wabash (4} £ 9 Wabash pf (A)(d)_. 15% Waldorf Sys(+1.20) 29 Walgreen Co (2)___ 11% Walworth Co 35% Ward Baking (A)_ 6% Ward Baking (B) _ 13% Warner Bros Pict _ % Warner-Quinlan(d) 6ix Warren Bros (d) 35% Warren FAy&P(11) 30% Waukesha Mot (1) 6% Webster Eisenlohr 9 103 West Penn El pf(7) 54 1101 West Pa Pwr pf (£) 315 11814 West Pa Pwr pf (7) 4% 21; Western Pacific 1% T4 Western Pacific pf 3% 69 Westn Un Tel (3) T3 46Y; Westingh'se A B(1) 754134 Westingh'se El (51) 5 38 Wheeling Steel 23% White Motor 15% White Rk M S(1.40) 5% White Sewing Mach 41, Wilcox Oil & Gas 8% Wilson & Co (50c) 79% Wilson & Co pf (6) 51% Woolworth (2.40) 34% Worthington Pump 81 Worth Pump pf(A) 6815 Wrigley W Jr (13) 20% Yellow Tr & Coach 128 Yel Tr & C pf(b1%) 40 Young Spr&W(f3). 7514 Ygstn S&T (bT5¢) _ 31 Zenith Radio (b1) 6% Zonite Products____ 220,000 o 2. o= Suonmralrnon-ow—ies sana—a® 2 N S S we=ND | although | Fe, New York Central, 1936 low 302 434 557 1932 low __ 8.7 239 169 1929 high__146.9 153.9 184.3 157.7 1927 low... 516 953 618 6138 (Comptied by the Associated Press.) BY VICTOR EUBANK Associated Press Financial Writer NEW YORK, April 10.—A few spe- cialties managed to crawl forward in today’s stock market, but the list as a whole was unable to get any place in particular. Although selling pressure was lack- ing in most instances, buying forces found little in the news to inspire a wide extension of commitments Many commission house customers early adjourned to neutral territor as it was recalled the Supreme Court may hand down the long-awaited ‘Wagner labor relations decision Mon- day. At the same time speculative con- tingents seemed to feel better as the result of the White House denial of an imminent shift in the Govern- ment’s fiscal program Closing trends were indefinite, Dealings were on the quiet side throughout. Transfers were around 550,000 shares Stocks found no especial stimula- tion in the movement of bonds, most of these did better along with major commodities. The French franc again tilted downward in terms of the dollar Up moderately the greater part of the session were Republic Ssteel, Acme Steel, Auburn, Oliver Farm, Pure Oil, Continental Oil, Texas Corp., Sar'u Intern: Paper & Power preferred, Industrial . », | Briges Manufacturing, Deere Rayon, Trans-America and Celanese In the background, a few as much as several points, were United States Steel, General Motors, Chrysler, Inter- national Harvester, Douglas Aircraft, Standard Oil of New Jersey, United 1 | States Rubber, Johns-Manville, Kan- 134», +1% |3 +1% | BT% BTh + % | 41% 32 3 67 6% 6%+ Approximate Sales of Stocks on the N. Y. Stock Exchange. | 12:00 Noon ..., 480,000 Dividend rates as given in the above table are the annual ations 30nit of trading iess than al in receive ividend. last cash payments based on the iatest quarterly or half-yearly dec. 100 shares. _tAnnual rate 32 + % | x| sas |and Cerro City-Southern, Western Union, Southern Pacific, Illinois Central, Bethlehem Steel, Phelps Dodge, Gen- eral Electric, American Can, Du Pont de Pasco. Weakness was shown by Coca-Cola and West house. RUBBER FUTURES. NEW YORK. Aoril 10 ¢n.—rude n ber fi firm, 1 year. bPnid this year rship or being reorganized SALES—AFTER CALL. Washington Exchange Real Estate Mtge. & Guar. pfd.—100 at 5%, 100 at 5%, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4%s Anacostia ‘& Pot. 55 Ans. & Pot. Gu: Pot. Elec. P Waib. Gas 5 Wlsh Rwy. & Elec. 4s_ MISCELLANEOUS. Gol. Countey Club. 58 . ML Storag Coid INVESTING CO NEW YORK. April 10 Security Dealers’ Associatic | Admin P4 204 1me Bancamer Blair Bank Group Shr Bankers' Nat Inv Corp. Basic Industry Broad St Inv_ MPANIES (. —New York on: NEW B3 the Assoc Asked. 20.19 1.36 1.26 to 3 points offset by o }the Frenc! May, 13.39; %S RoNSaIAS orders. D2 10 oo G selling at showed net > ooe | 2723 338 13.98; December, 13.33; March, 13.40. The selling was scattered, being partly for foreign account. After prices had changed a point or so further the market responded to moderate trade and commission house buying with prices easily influenced by a few YORK COTTON 1ated Press. NEW YORK, April 10—Cotton fu- | tures were steadier at the opening, 1 | higher. Influence of im- proved Liverpool cables was partly ontinued nervousness over h monetary uncertainty. July, 13.83; October, 13.33; January, ‘The market was comparatively quiet. July recovered from 13.82 to 13.92, and shortly after the first hour was | 1391, when the market | gains of 4 to 7 points. It was reported requests for release of 1,187,841 bales of loan cotton had been received up to midnight Thurs- day, which represented requests for Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEI.BORGER 643 Indiana Ave. N.W. Nat’l 0350 OFFICE FURN!TURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye St. N.W. Phone NA. 2184 5% INTEREST CONSTRUCTION LOANS an additional 37,000 bales this week. Cotton goods markets were quiet, with sales for the week in print cloths limited principally to second-hands at concessions. Liverpool reacted from a steady opening with nervousness still in evidence because of monetary un- certainties. 12% McKesson & Rob __ 456 McKess & Rb pf(3). 15% McLellan Strs b75¢_ 42% Mack Trucks (t1) __ 50% Macy (R H) (f2)___ 11% Madison Sq G(80¢) - 52 Magma Copper (2) .. 14 Mandel Bros (b1) . 10% Man El md gtd (d) e 135% 110% Chrysler (b134)_ 213 187 City Ice & Fuel (2)_ 92 85 City Ice& Fpf63;. 10% 8% City Stores 3814 32% Clark Equip(+1.60) 113 105 Clev ElIllupf 4% . 41% 35 Clev Graph Br (2). 170% 122% Coca-Cola (t2) _ 58% 57 Coca-Colz A (3) .. . & El. com. (36 ;. & Ei. ptd. (5) - BANK AND TRUST COMPANY. tion to go ahead and improve their property. Such loans although limited to $2,500 are beneficial both to the banks and the borrowers. First steps along this line were taken under guidance of the District Bankers Association. At present each bank is acting as it AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage RFEFERF AR B T RIS DD RS aees fit. Some banks also are stress- ing their willingness to make loans under Title JI of the housing act, these loans covering much broader building operations. Heard in Financial District. Wational Dairy Products, which has $wo Washington units, reports steady expansion in earnings, first quarter business being about 12 per cent bet- ter than last year. An increase of 12.6 per cent in the yolume, of new life insurance paid for dufing the first quarter of 1937 over that in the same period of 1936 was announced today by the New York Life Insurance Co. Spectacular advances are being made by the chemical industry in the Southern States, according to a survey by officials of the American Chemical Society, which holds its nipety-third meeting at the University of North Carolina, April 12-15. Many millions of dollars are now being invested in new plants embracing the chemical and allied industries, it was reported. - The Reconstruction Finance Corp. eollected about $60,000,000 more than it disbursed during March, its monthly report showed. Comptroller of the Currency J. F. . O'Connor has announced comple- ion of the liquidation of 25 receiver- hips during the month of March, [1937. This makes a total of 628 ceiverships finally closed or restored solvency since the banking holi- fay of March, 1933. METAL MARKET. NEW YOR] April 10 (P - T Leady: eleatralytic. Doat and tuture. SRS xport. 15.60. Tin spot and earhy. 8137%: future. A0&715 C Ofher etals nominefly unchangea 256% 6 l'i 207 391 69% 80% 21% Ak 19% 45% 95 497% 17% 1% 13% 52% 35% 3% 5% 695 25% 42% 3% 45% " 24 136% 29 58% 24% 10% 12 36ia 19% Colgate-P-P(150c) - 1! 2% 108% Collins & Afk pf(5). 26 Colonial Beacon.___ 39 Col Fuel & lron(bl) 13% Columb G & El(40c) 32% Columb Pic vte (11) 56% Comcl Credit (14) 64 Comel Inv T (t4)_.. 16% Comcl Solv (t60c)._. 27 Comw & Southern... 13% Conde Nast Pub. 36% Con(oleum~Nrn(l) - 831 Con C pr pf ww 634 _. 38% Cons Edis N Y(12).. 15% Cons Oil (80c) _. 7 Cons Textile (d)... 814 Cons Coal(Del)vte.. 33 Cons Coal Del vte pf 20% Container Corp 1.20. 27% Contl Baking (A) .. 3 Contl Baking (B).. 55% Contl Can (3) __. 20% Contl Diamond (2) .. 87 Contl {nsur (11.60)_ 2% Contl Motors 40Y% Contl Ol Del (1‘1).- 63% Corn Ex Bank (3)__ 4 64% Corn Prod Ref(t3).. 6 Coty Inc .. 46 CraneCo __ 21 Crosley Radioallf . 70% Crown Cork & S(2)- Crn C&S pf ww 213; _ Crown Zeller (new) _ Crown Zell cu pf(5). Crucible Steel - Crucible 8t1 pf b1¥%. Ci Cuban-Am Sugar.. Cuban-Am Sug pf... 1514 Curtis Publishing. 924 Curtis Pub pf (7) ... 6% Curtiss-Wright____. Cushman S pf 335 764 Cutler-Ham (b60a! 9 104% Deere & Co 22 Deisel-Wem-G(f1)- 42'% Delaware & Hudson 17% Del Lack & West _ 7% Den & R G W pf(d). 9% Det & Mackinac.___ 30% Diamond Mth(bsoc) Diamond T Moetor__. T4% 4T% 23% 4+ 1 1080 108 1050 oMM 1125 125 126 +5 108 “on g 4 1% 11 1% + % 100 ntv, um 15— % 98!6 ”K'b“ 6% l!%+% 80 18 — % % 20% + % 122 —1% A 24% — % 48% 19% — % 8% + % % 32 22% — % % 167 38% 26% 112% % 171 14% 10% Marine Mid (t40c. 14% Market St Ry pf_ 18% Marshall Field. 59 Masonite (11)_ 36 Mathieson Alk(1%) 256% Mead Corp - 72 Maelville Shoe (15) 11% Mengel Co ._ 41 Mengel 1st pf (Z%). 59 Mesta Mach (b1%)- 16% Miami Copper-___ .. 29% Mid-Cont Pet al.16_ 11 Minn Moline Pow. .. 267 Mission Corp (a45c) 6% Mo Kans & Texas _ 243% Mo Kans & Tex pf A 3 Mo Paeific (d) . - 30% Mohawk Carp(1.20) 8¢ Monsanto Chm(t1). 53% Montg Ward (12)__. 62% Morris & Esx (3%). 1% Mothe Lodeal2¥%c.. 21% Motor Wheel(1.60)_ 27% Munsingwear (3) . Murphy rts May 10_. 15% Murray Corp(a60c). 17% Nash Kelv (1) ___.. 18% Natl Acme (a76c) - 28% Natl Biscuit (1.60)_ 149 Natl Biscuit pf(7) - 29% Natl Cash Reg (1) 28% Natl Dairy Prd 1. 108% Nlflmry LA ('I) 17% N 27% Natl Distillers(12). 33% Natl Lead (150¢) _. 162 Natl Lead pf A (7). 10% Natl Pw & Lt (60c). 31% Newport [nd(b50c)- 40 N Y Central _. % N Y Cent xrts May 2 27% N Y City Omnibus _ 17 N Y Omnibus(war)_ 41 NYChi&StL. R YR LR ORI P I DT A T P ey - 13 3w SRerrrw 101928 TR 0 20 SEREEFEF FEE w8 EE-E 3 2 22Y% + 3 30 1932 20 32 16 16 21% 21% 20% 20 6 29% 29 29 2 148% 148% 148% — 3 33% 33% 3314 — 9 23% 23% 233 + 602 108% 108% 10814 120 20 20 + 8 8 20 32 6 16% 8 21% 3 20% % % % % % % % % 1157 157 157 +1% 5 11 10% 10% 9 83% 824 83 41 26 95 92 93 434 1126 126 126 +1 2 9% 9% 9% 2 11% 11% 11% + %4 1 58% b8% b68% —1% 10s 102 102 102 4 32% 32% 32% + % 72 48 ATS AT + % 187 1732 1632 16 32 28 28 28 4+ % 2 1Y% 17% 17% — % 1 6T% 67% 67% — % 60s 9 W W+ % 30 19% 19% 19% 4134 2 Th Th V- % American’ (8) g‘om ‘an ( \ n Netiona *aion (:60) Columbia ( 30) Real Est Carpel Corp. (2.00) s Lanston Monotype (14) Mergenthaler Lino (2.00) Peoples Drug 8. com. (71 00) Peovles Dnl( S »td. (6.50) Real Est. M. »{g)( .70 paid Dec, 3. 1086. YORK, April 10.—Di i3t 00 Resular. Poi Kiitoof @intonyille Gegreia R & Bake- Germiant'n Tr (Phila)- ;lnnws&nn T?‘:l.h waat Yetand. ,.02'/15 Q nnzun E.m s135 @ ¥23"Q 'mo i 2350 TITLE INSURANCE. 5 DIVIDENDS I\Nuouucen clared (m)'!nll’ed by the Bllndlrd smu- . Pe- Stk. of . ecord. able. Bullocks Inc 5% pf. Sl 25 Q 12 unchi All mixed golors, duck egzs unchanged. s an Live poultry, by freight; steady; b unchanged. Trusteed Am Bk Trusteed Industry’ lxr Wellington Fu Pay- Homes Apartments oo 1o PADDD| Ko, o i i 3 EaR38 el Futures cl D AD, = ® 10.90b; 10.76; sales b—Bid. SRR e Rt A mines were MDD BB DIINAD L 13 DA NI D DRI DN DD Sr. sscamomiomion. 2383235538253 » 5% Also Bleachable cottonseed oil closed steady. May, September, osed steady. 3 to 7 lower. futures July, October, 10.82b; 10.92; , 22 contracts. 900 TONS OF LEAD SOLD. NEW YORK, April 10 (#).—The St. Joseph Lead Co. reports that 900 tons of pig lead from Southeast Missouri sold yesterday at $5.85 per hundred pounds, St. Louis. First Mortcace Loans District of Columbia, Nearby Maryland and Virginia Business Properties Terms from 3 to 15 years Monthly Payment Loans INCORPORATED RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESRONDENT 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600 & Guaranty Corporation 1610 K St. N.W. NAtL 1403 ”'szT!Mizfi'ng;’_}rfiiéa’comnloN“ Accident and Casualty Insurance Company of Winterthur, Switzerland | United States Head Office, 111 John Street, New York. N.Y.. on the 3ist day of Decem= ber, 1036, as Tequired under Section 647 of the Code of Laws for the District of Co- lumbia. INCOME. Net premiums 0 Total interest and rents____ $78,148.31 Other income = 465.00 $78.613.31 Total income DISBU . Net amount paid policyholders r losses S 0 All other disbursements ___ $112.043.30 Total disbursements ASSETS. Real estate _ Mortgage loans on real estate Collateral loans Bends and stocks = Cash in company's office Deposits in banks Premiums in course of col- rents due or AL Giner assets Gross_assets Deduct assets not admitied Total admitted assets _$3.037,7 LIABILITIES. Total unpaid claims Total unearned premiums Other liabilities: Voluntary contingency reserve %53 Capital paid up or statutory leposit - 3850.000.00 Surplus over all liabilities 65 Total 198 NET PREMIOMS WRITEN URING ‘THE YEAR. mslm\t of Total - NEAL BA! United States Manager. ©. F. A HIGGOTT, Branch Treasurer Subscribed and sworh i before me this seventh day of Aprl, 1937 (8eal FRANOCIS T_ CAMPION, Notary Public. Commission expires March 30, 1938,