Evening Star Newspaper, April 14, 1937, Page 16

A—16 *xkk HECHT CO. HOLDS [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ANNUAL ELECTION Volume for 1936 Climbs Well Above Year Ago, Officials Report. BY EDWARD C. STONE. At the recent annual meeting of the Hecht Co. the following officers and directors were elected for the ensuing year: Moses S. Hecht, chairman of the board; Alexander Hecht, president and director; Harry Davidow, vice presi- dent; Charles B. Dulcan, sr., vice presi- dent and director; Moses H. Goodman, vice president and director; Henry H. Hecht, director; Howard S. Hecht, vice president and director; Malcolm Hecht, vice president and director; Robert E. Hecht, vice president; Samuel M. Hecht, vice president, treasurer and director; Stewart E. Hecht, vice presi- dent; Sylvan H. Lauchheimer, director; J. J. Miller, vice president, assistant treasurer and director; George M. Quirk, vice president and assistant secretary; J. W. Roedol, vice president and secretary, and H. O. Schloss, Jr., vice president, assistant secretary and director. Progress was reported in sev- eral directions, the company hav- ing materially in- creased its volume in 1936 over 1935. § Many physical & improvements ‘were effected dur- § ing the yea notably the addi- tion of an im- portant service center, or ware house, located in ‘Washington: in- stallation of air conditioning at the various stores for greater comfort of customers and employes; reconstruc- tion of many departments in all of the stores, with modern improvements to make possible better service; more con- venient working conditions, and in- creased and improved parking facili- ties to accommodate greatly increased traffic. Burton Heads City Bank. Clarence F. Burton was re-elected | president of the City Bank at [he\‘ organization meeting late yesterday following the annual session of the | stockholders in Alexandria. Other officers also retained in office were Thomas P. Alexander Hecht. FINANCIAL. THE EVENING STAR,. WASHINGTON, D. C., WEDNESDAY APRIL 14, 1937. By Private Wire Direet to The Star. 2:15p.m. Prev 1937 Stock and Bal High Low. _ Dividend Rate. 56 491 Abbott Lab (11.60). 804 63% Acme Steel (4) ___. 16 Adams Exp (ab5e) .. 30% Addressograph (1) 3 Advance Rumely__. 681 Alr Reduction (1) 3l Alr-Way Electric_.. 181 Alaska Jun (160c) ... 3% Alleghany COrp..-. 43 Alleg pf ww $30___.. 43% Alleg pf ww $40____ 43 Alleghany pf xw.. 41% Alleg Corp prpf__.. 3615 Alleg Steel (b406) ... 25814225 Allied Chem (6) 31 2514 Allied Mills (b50c). 16% Allied Stores (b20c) 80% Allied Strs pf (5) _. 63% Allis-Chalm (b50c) - 30% Alpha Port Cmt (1) 47 Amal Leather _ __. 98% Amerada Corp (2) .. x 83 Am Ag Chm Del bl_ 25% Am Bank Note (11). 59 Am Bk Note pf (3)_ 58 Am Brake Sh (12)_. 101% Am Can (14) = 56 Am Car & Foundry_ 104% 92% Am Car & Fy pf(b4) 91 72 AmChain&Cabl__ 134% 115 Am Chain & C pt 6. 105% 99% Am Chicle (14) 23% 13% Am Colortype 2 % Am Comcl Al a50c__ 27% Am Crystal Sug b2_. 8% Am Encaustic 13 Am European Sec T% Am & Foreign Pwr_. 46% Am & For Pw $6 pf_ x 54 Am& For Pw $7 pf_ 20% Am & For Pw 2d pf_ 18 Am Hawailan (1) _ 615 Am Hide & Leather. 37!% Am Hide & L pf (3). 462 Am Home Pr t2.40_ 2% Am lce 17% Am Ice pt (2) 13% Am Interntl (a4 43 Am Locomotive ___ 113 Am Loco pf (a3) _ 22% Am Mach & F (11)_. 4« Am Mach & Met 60c. 50% Am Metals 10% Am Power & Light_. % Am Pw & Lt pf (5)_ Am Pw & Lt pf (6).. Am Radiator t60c .. 33% Am Roll Mill t1.20_. 30 Am Safty Raz (12)_ 231 Am Seating (a2%)_ 41 Am Shipbldg (2) _ 8814 Am Smelt & Ref(3) 36 139 AmSm & Refpf(7). 11381 59 'Am Snuff (+3) . 1 571 Am Steel Fdexrts . 6 58% 109’z Am Steel F pf (7) _. 208 110 Am Stl Fdy rts w 87 3n Am Stores (2) _ 201y ' Am Sugar (2) 4 Am Tel & Tel (9 812 Am Tobacco (5) . 80% Am Tobacco B (5) 14& Am Type Founders_ s Am Water W (80c) 4 Am Wat W 1st p (6) 95 Am Woolen 64 Am Woolen pf (b1). 6% Am Zinc & Lead ___ s Anaconda Cop (t1) 9 Anaconda Wire (12) 28 Andes Copper 5 61% 1 93% 15 91 2 135% 15 11 x5608 105% 154 6719 3% 115 20 5 Hickman, Frank | W. Lee, A. Scott | Offutt, Frederick | H. Cox. vice pres- | idents Buck cashier; gin, B. M. Grant, William B. Meh- ler, jr; H. Mercier, T. E.| orris and J. G. | | Stephenson, as- | sistant cashier: At the thir first annual meet- ing of the stoc] holders, directors elected were Walter K. Bachrach, M. H Buckingham, Mr. Burton, Fred Hewitt, Mr. Hickman, William F. Kelly, Mr. Lee, Mr. Offutt, Lewis H. Phelps, Edward L. Pickford, | J. B. Prewitt and Dr. J. Chester Pyles, | President Burton reported that real progress had been made during the s on the controller’s 3], having been more than $7,600,000. Loans under Title T of the Federal housing act proved both popular and profitable, the bank having made $1,075,000 in loans for housing im- Provement purposes. Although such loans are no longer guaranteed by the Government, the City Bank will continue to extend this service to patrons, President Burton announced. Bank Stock C. F. Burton, Jumps 30 Points. Sale of 10 shares of National Sav- | dng & Trust Co. stock at 165 on the | Washington Stock Exchange yester- | day revealed an advance of 30 points | in the price since the last previous =ale. It was the first sale in this dssue on the exchange this year. It | closed with 160 bid and 170 asked. The strength maintained in Na- | tional Savings stock for several | months has often been the subject of <comment in the financial district. ‘While the stock has paid no dividend since the bank holiday, yet the quota- tions have been steadily working higher. The low for 1936 was 100 and the high mark 135. I selling now at 165 the stock is up 65 points Irom the bottom price last year, a substantial advance for a bank stock, or any other for that matter. April Trade Unusually Good. April trade in the fifth Federal Reserve district, including Washing- ton, has been unusually good, the Re- serve Bank of Richmond observes, Preliminary reports on wholesale vol- ume indicate that all five lines will reveal substantial increases in the early part of April over the like period & year ago. Building supply houses report the biggest volume in several years. Elec- tric output in the fifth district is making new records, indicating in- creased industrial activity. In fact the district, with the exception of one rayon factory and the soft coal area, is going ahead rapidly, latest reports disclose. 30 Directors Are Re-elected. Steckholders of Southeastern Indus- trial Bankers, Inc., held their annual meeting at 1407 K street yesterday afternoon and re-elected the 30 direc- tors who served the company last year, After the stockholders' meeting the board re-elected the following officers for the coming year: C. M. Eisele, president; M. W. Bohrer, vice president; Lewis Eisele, vice president and treasurer; Harry J. Donoghue, vice president and secre- tary, and Paul H. Chesley, assistant secretary and assistant treasurer. Heard in Financial District. Notices have been posted in the Jocal brokerage offices stating that the New York Stock Exchange will go onto daylight saving time Monday, April 26. All the big markets will then open at 9 o'clock and close an hour earlier in the afternoon. The Executive Council of the Ameri- <an Bankers’ Association will open the ‘Spring meeting at Hot Springs, Ark., next Monday. Today's Trading on Exchange. Mergenthaler Linotype sold at 463% on the Washington Stock Ex- change today, showing a little more strength. Liberty Nationai Bank stock ‘came out at 150 and Rallway & Elec- ‘tric preferred at 108%;. Anacostia & ‘Potomac R. R. first 55 moved at 76, ‘Capital Traction 55 at 93 and Ralil- sway & Electric 45 at 105, 512 AP W Paper = 41 Archer-Dan-M($2)_ 7 Armour(Ill) blsc _. « Armour(I1l)pr pf 6. : Armstrong Cork(2) % Arnold Cnst b623c. * Artloom Corp 98 6912 100« Atch T & S F pf (5 : 441 Atl Coast Line(al) 231 Atl Gulf & Wst Ind_ 1G & W 1pf(a3). 30 Atl Refining (11) 16% Atlas Corp (80c) 501: Atlas Corp pf (3)_ + Atlas Pwdr (b75¢) Atlas Tack (1) - 281, Auburn Auto . _ 391 Austin Nich pf (11). 6% Aviation Corp Del.. 8 Baldwin Loco (d) 86% Baldwin Loco pf(d) 6'2 Baldwin asd (d) » 20% Baltimore & Ohfo 3 20s 35 « Barnsdall (1) 16% Bayuk Cigar t75c_. Beatrice Cream t1_. 2% Belding Hemin (1)_ % Bendix Avia(b25¢) 20% Benef Ind Ln (b95c)x 56 Best& Co (214) 73 Bethlehem (al%) 18% Beth 5% pt (1) 1291 120% Bethlehem pf (7). 693 52 Bigelow-San b50c._. 8 30 Black & Deck b50c. 22% Blaw Knox (b20c) 33% Boeing Airplane __. 39 41% Bon Ami (B) (2%)_ x 20s 26 Borden Co (1.60)_ 7214 Borg-Warner (4) 8l Boston & Maine 31 Botany Mines A (d). 16% Bridgept Brss(60c # Bridsp't Br rts Ap29 45 Briggs Mg (+2) . 4374 Briggs & Strat (3) . 411, Bristol-Myrs t2.40_. 975 Bklyn-Man Tr (4) _. 11 3 + Brown Shoe (3) 20% Brunswick-Balk 18% Bucyrus-Erie __ 10'% Budd (EG) Mfg_ 9% Budd Wheel(a20c) 34% Bullard (b25c) 50% Bulova Watch (t 30% Burr Add M (80c) _.. 7% Bush Terminal (d) . 134 Butler Bros (bl5c) .. 29% Butler pf (13%) __ 53 Butte Cop & Z(abc) - 25% Byers (A M) _ 79% Byers (A M) pf_ 27 Byron Jackson (t1). 384 Calif Packing (134). 2% Callahan Zinc-Lead 14% Calumet&Hecla (1). 291, Campbell Wy (t1)_. 381 27l Canada Dry G Ale. 17% 14 Canadian Pacific __ 8% 7 Carriers & Gen(bsc) 17613 138 Case(J I)Co (4). __ 100 85% Caterpillar Tr (+2)- 367 26% Celanese (b75¢) 1131% 106% Celanese pr pf A (7). 822 76 Celotex Corp pf(5)-. 39% 83Y% Cent Aguire (t13%)_ 125% 8% Central Foundry . 107% 102 Cent Ill Lt pf(434)_. 24% 17 Cent Violeta Sug .. 14% 10% Century Rib M b20c. 86% 67% Cerro de Pasco (4)._. 23% 16% Certain-teed Prd 82 677% Certain-teed pf (6)- 708 60% 351 Champion Pap (11).x 16 48 38 Checker Cab Mfg___ 90% 78% Chesapeake Crp(3)_ 68% 57% Ches & Ohio 12.80__. 4% 2% Chi& East Il (d)__. 6% Chi & Est I11 pf (d)- 2% Chi Grt West (d) ._ 13% Chi Grt West pf (d) 8% Chi Ind & L pf (d)_ 2 Chi Mil St P&P (d) - 4% Chi M St P&P pf(d). 3% CHI&NW (d) _. _ 23 Chi Pneumatic Tool 2% Chi R 1 & Pac (d) _. 5% Chi RI&P 6% pf(d). 6% Chi RI&P 7% pf(d) 18% Chickasha Cott'n Oil 124 Childs Co 135% 110% Chrysler (bl 21% 18% City Ice & Fuel @) 10% 8% City Stores 3814 32% Clark EqQuip(11.60) 103% 100 Clev CC & StL pf(5) 113 105 Clev El [llu pf 4% 41% 35 Clev Graph Br (2) 98% 78 Cluett Peabody (3 170% 122% Coca-Cola (12) _.. 25% 19% Colgate-P-P(150c).. 623% 53 Collins & Afk (2)__ 112% 108% Collins & Ak Df(S). 26 Colonial Beacon ___ sm 39 Col Fuel & Iron(b1) 27% 20% Colo & Southern __ 24 Colo & South 1st pf_ 13% Columb G & El(40c) 33% 91 34% 481 61 20k 373 60% 38 61% 3% 11 3% 14% 8% 25 30 20% 108 101 391 32% Columb Pic vtc ( 46% 41 Columb Pic pf(2%). 125% 112% Col Carb vtc (4) _ 69% 56% Comcl Credit (t4) 80% 64 Comecl Inv T (14)_ 21% 16% Comcl Solv (t60¢) ... 4% 2% Comw & Southern.. 6% 55% Comw & Sou pf(3).. 45% 36% Congoleum-Nrn(2). 18% 15% Congress Cigar(a2). J 08— Add 00. High, Low. Close. chge. b51% b61% 75 18% 591 38 84%%, 8314 605 3% 10% 3% 14% % % 2% Net b1% +1% % ~% 19 + % 32 + % 3 T4 +1 | F0+ + Fags F +4+ ¥ i | R ErFesFE + 4+ G 9% 38% 52% 30% 9% 16% + 32% 6% — 2T% + 80 31% + 41% — 4% 15% + 31% — 33% + 14% 8 + % 160% +3% 89% — 74 37% +1% 10 § 117 73 2:16 p.m. Prev 1037 Btock and Bal High. Low. Dividend Rate. 95 83% ConCprpfww6%.x 108 49% 381 Cons Edis N Y(132).. 103 1043 Cons Ed N Y p£(5).. 4% Cons Film. 1 14% Cons Film pf (a2).. 1 15% Cons Oil (806) - ... x XOI % Cons Textile (d) ... 8% Cons Cosl(Del)vto._. s 38 Cons Coal Del vtc pt 1708 20% Container Corp 1.20. 42 27% Contl Baking (A)... 13 3 Contl Baking (B)... 56% Contl Can (8) _____. 20% Contl Diamond (2)._. 37 Contl Insur (11.60 2% Contl Motors. 40% Contl Ol Del 26% Contl Steel (b50c) 637 Corn Ex Bank (3) 71% 64% Corn Prod Ref(t3).. 171‘/: 164% Corn Prod R pf (7). 10% 6 Coty Ino._. 46 CraneCo.__ 28% 21 Crosley Radioaly . 100% 70% Crown Cork & S(2).- 26% 17 Crown Zeller (new)_ 108% 99 Crown Zell cu pf(5). 81% 51 Crucible Stee! 3 2 CubaCo... 10 Cuban-Am Sug: 156% Curtis Publishing. 92}, Curtis Pub pt (7). 613 Curtiss-Wright____, 18% Curtiss-W (A)ab0c. 80 CushmanSpf33_. 18% 15% Davesa Stores(tl).. 135% 104% Deere & Co. . 31% 29% Deere & Co pf 1. 29 22 Deisel-Wem-G(11). 58% 42% Delaware & Hudson 2 174 Del Lack & West___ 10% 7% Den& RG W pf(d). 146% 122% Detroit Edison (14). 36!y 30% Diamond Mth(b5suc) 40 36 Diamond Mpf(t133) 23 21% Diamond T Mot b2ic 29 243 Disul Corp Seag __. 25 20% Dixie Vortex(13z)_. 46% 36% Doehler Die Cast(2) 51 41% Dome Mines (12) ... 12% 10 Dominion Store T7% 54% Douglas Alrcraft__. 18y 4% Duluth § S & Atl_ 8% 6 Dunhill Internatl 17% 15% Duplan Silk (1) 180% 154 Du Pont (b75c) .. 115% 112 Duquesne 1st (5) ... 17 11} Eastern Roll Mill. 37 31% Baton Mfg (12) 16 11 Eitington-Schild.__ 23% Kl Paso Nat G 1.60.. 3% [lec Auto Lt 12.40.. 11% Elec Boat (a60c) _. b Elec&Mus 1 (al8e). 197 Elec Pow & Light__. 67ix Elec Pw & Lt $8 pf_. 75 Elec Pw & Lt $7 pf_. 39% Elec Storage Bat (2] 1 Elk Horn Coal (d) bis Elk Horn Cl pf (d) - 108% Endicott-Jhn Df(fi). 11 Eng Public Serv___. T4 Equitable Otfice B 137 Erie RR . _ - 26% Erie R R 1st pf_. 211 Erie R R 2d pf. 281 Bvans Prod (11) 4%; Exchange Buffe! 314 Fairbanks Co_ 20% Fairbanks Co p: 56 Fairb'ks-Morse ( 534 Fajardo Sug Co (bl) 21 Federal Lt& Trac - 813 Federal Motor (40c). 5% Fed Screw Works. 4% I'ed Water Sve A . 3613 Fed'd Dept Str(2)__ s 101 Fed'ted Dep S pf 41¢ 5% 7% Fidel Phoenix 11.60. 32% Firestone T&R (2)- 2 1031 Firestone pf A (6)_. 3843 Flintkote Co (1) 46 i'lorence Stve bs0c.. 34 Florsheim A (2)___. 6% Follansbee Bros(d). 474 Food Machine (1) 43 Foster-Wheeler. 118 Foster-Wheeler pf_ 69 Franklin S pf(ab%) 26% KFreeport Sulph (1) 109Y; Freeport Sul pf(6). x 708 55 Fuller Co pr pt 34% Fuller Co 2d pf.__. 4% Gabriel Co (A) 23 Gamewell Co 15% Gar Wood Ind a55c 12% Gen Am Inv(a7sc).. 69% Gen Am Trans (a3). 15% Gen Baking (t60c)_. 153 145 Gen Baking pf (8) 9% Jen Bronz 25'2 Gen Cabl 52% Gen Cable 44 Gen Cigar (14) 517 Gen Electric (b40c) 391y Gen Foods (2) - 2% Gen Gas & Elec(A). 57 Gen G&E 6% cv pfA 60 Gen Mills (3) . - 57% Gen Motors(b25¢c) 122% 114%: Gen Motors pf(5)-. 19 15% Gen Print Ink new_. 5% 4 Gen Pub Service 65% 48 Gen Ry Signal ¢ 3% Gen Realty & Util__ 39 Gen Realty & U pf_. 60 Gen Refract (a3%). 70 Gen Steel Cast p: 2743 Gen Thea Eq(b25c). 37 Gen Time Instru 1. 15% Gillette S Raz (1) 83 Gillette S R pf (5) 20% Gimbel Bros _ _ 83% Gimbel Bros pf(6). 43 Glidden Co (2) - 54 Glidden cv pf(2%)-. 5% Gobel (Adolf) . __. 612 Goebel Brew (120c). 31 Goodrich(BF)(al). 7914 Goodrich pt (5) - 27% Goodyear (b50c) 100 Goodyear cu pf(5).. 4 10% Gotham Silk Hose 92 Gotham S H pf (7)-. 3 Graham-Paige. 6% Granby Cons - 4 4 32 Granby rights 6 39 3% Grand Union cltl,_. 1 211 Grand Union pf(bl) 1 3813 Granite City Stl(1)- 42 Grant (WT) (11.40) 40% Grt Northern pf____ 19 Grt Northn Ore (1) 36 Grt West Sug 12.40_ 32Y% Green HL (11.60). x 13% Greyhound (180c) .. 10% Greyhound pf(55¢) 40 Guantanamo pf 12% Gulf Mobile & N 49% Gulf Mobile & N pf_ 36 32% Hack WpfA (1%) 20% 13% Hall W F Print____. 25% Hamilton Wth b25c. 103 104} Hamilton W pf (6)- 58% 50% Harb-Walker (12) _ 140 128 Harb-Walker pf (fi) 8 5% Hayes Body 109% 101 Hazel Atlas G1 (15). 15% 13 Hecker Prod (60c)_. 166 149 Helme (GH) pf (7)- 39% 28% Hercules Motor(t1) 185% 128% Hercules Pdr pf(6) - 111 102% Hershey Ch pf(t4)_ 52% 45% Holland Fur(al%)- 30% 21 Hollander & Son(1). 43% 31% Holly Sugar (12) - 431 355 Homestake (112) . 37 Houd-Hersh A(2 %) 27% 21% Houd-Her B (t13). 73 57% Household Fin (4).. 175 12% Houston Ofl vte ... 90% 62% Howe Sound (13) ... 15% 12 Hudson & Man pf__. 18% Hudson Motor. 1% Hupp Motors. 223 [1linois Central ... 64 Ill Centlsin (4) 12% Indian Refin (a1)... 36% Indus Rayon (2) 144 129% Ingersoll Rlnd(f!). 131% 112 Inland Steel (4) 38% 224 Inspiration Cop- 13% 9% Inter Rap Tr vtc(d) 11% 4% Intercontl Rubber.. 28% 16% Interlake Iron ... 9 5 Intl Agricultural.. 60% 42 Intl Agricul pr pf 189 159% Intl Bus Mach(16).. 111% 993 Intl Harvester(2%) 162 146 Intl Harv pf (7)--— 16% 8% Intl HydroE1 A - 15% 6% Intl Mercantile M__. % 12% Intl Mining (a90¢)—. 623 Intl Nickel (b60c) - 16% Intl Paper (A) —coee 10% Intl Paper (B) ceemm 5% Intl Faper (C)eeeem 90% Intl Paper pf. % 41 Intl Print Ink (2)_. 111% 109% Intl Print Ink pf(6) 48 IntlRyCAmDpfA. 25% Intl Salt (t1%)_. 45% Intl Shoe (12) 11% Intl Tel & Tel 364 28% Interstat Dp St b2if 107% 103% Inter Dept St p£(7)_ 26% 19% Intertype Corp (1).. 29% 25% Island Creek (2)... 87% 77 Joewel Tea ($4)_— e 156 127 Johns-Manv (13)... - 14% 20% 109% By 28% 27 20% 86 10s 80 1 15% 5 128% 3 29 1 24% 31 49y 29 16 83 324 481 86l 487 oo cErRolawl-Rewaas P ETY 8 108 284 42% 391 167% 11% 59 17% 594 2 36 120s 389 1 37 23 60 16% 9% 11% 21% 22% 16% 58% 308 50 1 26 40 12 6 31 208 105 118 Add 00. High, Low. Close. chge. 39% 389% + % 106 108% + % % 15 1% % 12% 156% 114 14 33 13% 26% 39% 12 5% 22'y 71 80 39% 386 37 22% 60 14% 79 11% 20% 2 32% 63 17 44% 37 42% 1% 57 K 5% 16 166% 114 1% 334 135, 25% 50% 128 5% 106% 13% 149 31% 129 107% 45% 29% 35 389 37 22% 60 14% 9 11% 20% 2 324 64 P14+ 1 144+ - + A4+ TS LEESEES + 4 & 85 | + — + % + % +1 + % + % - % Gk + % =1 + % + % + 34 - % - % 130% 130% + % 118% 113% — % 65% 16% 2 8% 8 86 116% 115 115 58 50 26 11% ] 58% 50 26 2 45% 45% 45% 11% s FFE F SFEREFLES [ & —1% +1% 5 108 109% 109% 109% — % - % + % 30% 30% — % 105 8 106 5134 133% 184 —2% 1°20% 20% 20% + % 20 29% 29 zsu«y-u - % 2: lbbn. Prev 1037 Stock and . Dividend Rate. Johns-Mansv pf(7) Jon&L 7% pf(b1%). Kans City South__ Kans City So pf(al1). Kelsey-H A (a1%)-. 19% 14% Kelsey-H B (all4). 109% 102 Kendall pf A (16).. % 56% Kennecott (b50¢) ... 17% Keystone S&W b30c 38% Kimberly Clark(1) . 5% Kinney (G R) Co. 47% Kinney pf (a1)__ 10% Kresge Dept Stores. 24% Kresge S 8 (b30c) _ 22 Kroger Groc (11.60) 20 Laclede Gas (St L). 26% Laclede Gaspf_____ 18% Lambert Co (2) ... 17 Lee Rubber (50c).. 38% Leh Port Cmt 1% _ 2% Lehigh Valley Coal. 13 Lehigh Val Coal pf_ 17% Lehigh Valley R R_. 137 118 Lehman Corp (13) 58% 48% Lerner Stores(f2)_. 66% Libbey-O-F (bT5c) - 9% Libby McN & L(al) 98 Ligg & Myers (14)_. 98 Ligg & Myers B 14 21% Lily Tulip (t1%)_. 59 Lima Locomotiv 52 Link Belt (12) 43% Liquid Carb (2.6 64} Loew’s Inc (12) .. 2% Loft Inc _ 56 Lone Star Cmt bT5c. 6% Long-Bell Lumb(A) 22% Lorillard P (+1.20)_ 147% 138% Lorillard P pf (7)__ 28% 19% Lou Gas & Elec (A). 41% 29% Ludlum Steel (t1)_ 36 30 McCall Corp (12)_ 24% 18% McCrory Stores 54% 403% McGraw Elec (12) . 2813 20% McGraw H P b27%¢ 42'2 374 Mcintyre Porcu(2) . 42%; 37% McKeesp't Tin Plate 16% 12% McKesson & Rob __ 47% 45 McKess & Rb pf(3). 19 15% McLellan Strs b75c. 112%: 105 McLellan St pf (6)_ 62 42% Mack Trucks (t1) 58% 50’2 Macy (R H) (12) _ 15% 11% Madison Sq G(80c)- Tis Manati Sugar (d) ... 30 Manati Sug pf (d) .. 167 Mandel Bros (b1) __ 16% % Man El md gtd (d).. 29% Manhat Shirt (1) ___ 6% % Maracaibo Oil Exp_. 14% Marine Mid (t40c) __ 39 Market St Ry pr pf_ 51% Marlin Rock (12) _ 307 Marshall Field 13% Martin-Parry 74 Masonite (1) 41% Mathieson A]k(l%) 33% Mead Corp B 10 Mead Corp pf (6) 865 Melville Shoe (t5) .. 16% Mengel Co e 47% Mengel 1st pf (215)_ 2% Mesta Mach (b1%)._ 264 Miami Copper < 35% Mid-Cont Petal.15_. 48% Midld Stl Prod(t2)._ 122 Midid Stl 1st pf(8)_ 120 Minn-Hon Ros (2) 124 Minn-Hn R pf B(4) 16% Minn Moline Pow 34 Mission Corp (a45¢) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) — Mo Pacific pf (d Mohawk Carp(1.. "0) Monsanto Chm (t1). Montg Ward (12) _ Morris & Esx (37%) Mother Lode al2izc Motor Wheel(1.60) _ 41% Mueller Brass (1) 31 Mullins B (a50c) 9114 Mullins pf (7) : 27% Munsingwear (3) 2 18 82 Murphy rts May 10_ 157 Murray Corp(a50c). 17% Nash Kelv (1) —e 38 NashvChat& StL_. 181; Natl Acme (a76¢) .. 13% Natl Aviation (al).. 285 Natl Biscuit (1.60) 26% Natl Bond & In 1.44_ 29% Natl Cash Reg (1) 26l 231 Natl Dairy Prd 1.20. 11215 108 Natl Dairy pf A (7). 24% 17% Natl Dept Stores___ 10% 7% Natl Dept Strs pf__. 2713 Natl Distillers(t2)_x 33% Natl Lead (150¢) 48 Natl Mall & S C b50c Natl Pw & Lt (60¢). Natl Steel (123%) Natl SupplyCo _. Natl Supply pf a3l Natl Tea (60c) Natomas (t80¢) Aen berry pf (5) x 1161 102 114 ‘x Air Brake b50c_ N Y Central % NY Cent rts Mayl__ 41 NYChi&StL. _ 83 NYChi&StLpf . 27% N Y City Omnibus__ 17 N Y Omnibus(war)_ 8 NYDock ... 17% N Y Dock pf _ 5% NY NH& H (d) __ 16% NY NH & H pt (d) 5 NYOntario& W_. 11% N Y Shipbuilding__. 95 N Y Steam pf (6)_ 107 N Y Steam 1st (7) 2 Norfolk South (d) __ 248 Norf & Wst (b2%)_ 12% North Am Aviation_ 25 North Am Co(b30c) 977% North Am Ed pf (6) 274 Northern Pacific __. 3% Norwalk Tire & R. 17% Ohto Oil (a60c)____. 53% Oliver Farm Equip_ 18% Omnibus Corp vtc. 13% Oppenheim Collin: 45% 35 Otis Elev (60c) _ 140 127% Otis Elev pf (6) 24% 1615 Otis Steel ___ - 28 2214 Outboard Mot b75c_ 200 150 Owens-Il1 Gl (6)___ 23 19% Pacific Am Fish 1.20 15% 10% Pacific Coast____ 40 25% Pacific Coast 1st pf_ 27% 18 Pacific Coast 2d__ 32% 24% Pac Finance(1.80)_ 38 30% Pac Gas & Elec (2). 53% 43% Pac Lighting (3)___ 447 34% Pac Mills (b50c) 152 140 Pac Tel & Tel (8)__. 29% 224 Pac West Oil(a65c). 12% 1034 Packard Mot (bl5c) 4% 2% Panhandle P& R __ 88% 60 Panhandle P&R pf_ 90 76 Paraffine Co (b1)___ 28% 22% Paramount Pic 200% 161 26% 15% 110 4% 272 17% 347 1041 365 6 22% 2% 26 19% 281 Park & Tilford (2).. 4% Park Utah . _ 38 Parke Davis (bl)_. 247 Parker Rust (11%). 5% Parmelee Trans . 7% Pathe Film Corp___. 141 Patino Mines(160c). 3% Peerless Corp . .. 50% Penick & Ford(13)_. 97 Penney JC) (4) 4% Penn Coal & Cok: 7% Penn Dixie Cament- 64 Penn Dixie pf (A)_- 22 Penn Gl Sd ctab0c. 39% Penn Railroad (a2 48% Peoples Gas Chi 84 Pere Marquette__._. 84 Pere Marq pf._. 21 Pet Milk (t1)_ 17% Petr Corp Am a90c... 10% Pfeiffer Brew bé0c_. Pfeiff Br rts May 13. 47% Phelps Dodge b3bc... 50 Phila Co 6% pf (3)- 887% Phila Co pf(6)new._. 9% Phila Rap Tr pf(d)- 1% Phila Read C&I (d) - 70 Philip Morris(b3%) 49% Phillips Petrol (2).. 16% Plerce Oil pt _ 28% Pilisbury Flour 1.60 50 Pirelll (A) (a3.13) . 60 Pittsburgh Coal pf_. 131 Pitts Screw&B blbc. 31% Pitts & W Va._. 24% Plymouth Oil (1) 18% Pond Creek Poc (2). 24% Poor & Co (B) 10 Postal Tel&C pf(d). 23% Pressed Steel Car ._. 24 Press Stl 1st pf 25c- 67 Press Stl 2d pf 2% _. 55% Proctor & Gam(12).. 118% 114% Proc & Gamb p£(5) - 52% 43 PubSveNJ (2.60).. 112% 100% Pub Sve N J pf (5)-. 2% 658 Pullman Inc (1%).-. 24% 19% Pure Oi1 107 99 PureOil 6% Dfoceen 112% 108 Pure Oi18% pf . 23% 18% Purity Bak (600).. 108 125 600 127 3 2% 1 39% 3 184 2 16% 208 103% 78 60% 56 19% 31 e - o e 6 2 00 e 8 4 5160 180 8 1 B = 50 o 3 PABARRDAN NN 208 7 1408 23 214 32 14 32+1 32 69 — oo PR B0 T D 0 B e > o3 wSanvSroSarTrn8 w8 =89 44% 103% 103% 103% — % 601 60% — 34 21% 21% + % 108 103 21 61 134 22 1 108 Net MdO 0. High, Low. Close. uhn‘ 125 126 126 126 25% 39% 103 +1 i K 26% 39% + % 18% — % 16% — % 60 + % 19% + % 45% +1 8l + 66% M — % 25% + % 22% 21% 29 21 24% 41% 2% 13l & $& 51 P4+ I ++4+4 + 1441 i F IFEFEFEEFFEFE O FEF + [ 4t | + ¥ 0 92% 29 19Y% 104 20 ™ 1 | + % gofel +1% | 1w 1| Bl i el il el e e Prev 1037 . Low. 113 65 102% 197 120 40 541y 623 9y 44 54y 165 15% 48 138, 13t 287y 10% 403 21% 287 79 175 223, 275 113 109% 12 407 150 136 9% 8l 841y 4% 2% 8tock and Dividend Rate. 16 Quaker State (80c). 10% Radio Corp.___ 73% Radlo pf A (3%) 7% Radio-Keith-Or (). 14% R R Sec I11 Cent 31 Raybestos M (t1 39% Reading RR (2) . 41% Reading 2d pf (2) 9% Real Silk Hoslery. _. 2% Reis (Robt)_ . __ 23 Reis (Robt) 1st pt 18% Reliable Str (a50c) - 31% Reliance Mfg (160c) 21% Rem-Rand (t60¢)__ 5 Reo Motor Cai 27% Republic Stee! 33% Revers Copper 71 Revere Copper(A) 128% Revere Cop pf b1% _ 91 Revere Cop pf 5% __ 24% Reynolds Met (11)_. 50% Reynolds Tob B (3). 69 Roan Antel (a1.12)_ 6% Rutland R Rpf____ 38% Safeway Stores(12) x 2:15 p.m. Bales— Add oo. High, Low. 82 3 33 1108 110 Safeway Strs pf(7). 220s 43% St Joseph Ld(b50¢). 3 St L-San Fren (d) 14% Savage Arm (al) 42% Schenley Dist(b75¢, 94% Schenley pf (5%) . 2 Schulte R Strs (d) 38 Scott Paper (1) ____ 1% Seaboard Afr L (d)- 6 Seaboard A L pf(d). 40% Seaboard O1] (1) T'% Seagrave Comp__ 81 Sears Roebuck (3) 28 Servel Inc (t1) 29 Sharon Stl (11.20) 10% Sharpe & Dohme 145 Shattuck F G (60c) . 267 Shell Un O1l (a26c) - 102 Shell Un Oil pf 5% . 121 Silver King (b25c¢) _. 44% Simmons Co (b50c) - 3'2 Simms Petrol _. 42 Skelly Oil 98% Skelly Oil pf (6) __. 85% Sloss-Sheffield Stl 105 Sloss-Sheff pf (6) _ 27'3 Smith & Cor ctfs(1) 3714 Smith (A O) 217 Snider Pkg (b15) - 6« Socony-Vac (b25c) - outh Am G & P 30c South Port Sug(t2). So Cal Edison 1134 Southern Pacific uthern Ry . Southern Ry pf._. Spalding (A G) Spang Chal pf b1l Sparks- Withing Sperry Corp vtc(al) Spicer Mfg (a3) icer pf A (3)_ Spiegel, Inc (1) Saquare D (B) b25c Stand Brands(180c) and Gas & E (d) Stand G&E $4 pf(d) Stand G&E $6 pf(d) and G&E $7 pf(d) 31 Stand Oil Calif(t1)_ Stand Oil Ind (11) Stand Oil N J (11) . arrett L S(11.40) . terling Prod 13.80_ Stewart-Warn t50c. 3 Stokely Bros (1) __ Stone & Web(a25c)_ Studebaker Corp Sun Oil (11) Superheater Co (1) Superfor Oil ______. Superior Steel Sutherland P t1.60 Swift & Co (11.20) . Swift [nt] Ltd (2) __ Symington ww bl0c Symington xw blle. Talcott (J) b30c _ 1175 Tenn Corp (alsc).. 50% Texas Corp (2) 77 Texas Gulf Prasc__ 3813 Texas Gulf Sul (12) 4313 Texas & Pac R R 13% Tex Pac C&O bllc 11i; Texas P L T (allc). 374 Thatcher Mfg (f1)_. 10% The Fair 10 Thermoid Co._ . 23 Thompson Pr b40c 6% Thompson Starrett_ 29 Thompson Star pf__ 18% Tide Wat A O (6vc). 22 Timken Detroit t1__ 62 Timken Roller B(3) 15% Transamerica t40c_ 16% Trans Wst Air a2ic. 19% Transue & W (160¢c) 9 Tri-Contl (a50c) 104'5 Tri-Contl ptf (6) 813 Truax-Traer(b25c 333 20th Cent Fox b50¢.. 42% 20th Cent F pf(1%). 11% Twin City RT .. 74 TwinCRT pfals _ 167 Twin Coach (al.40). 3% Ulen & Co . 85% Und-Ell-Fisher (3). 63 Union Bag & P (2)_. 97% Union Carb (3.20) 2414 Union Oil(Calif)1.20 1262 Union Pacific (6) __ 92% Union Pacific pf(4) . 26% Union Tnk Car 1.60. 274 Utd Aircraft(as0c)._ 17% Utd Air Lines a20c_. 25% Utd Biscuit (1.60) 78 Utd Carbon (4) - 5% Utd Corp (a20c) 41% Utd Corp pf (3) . 13% Utd Drug (a75c) 18' Utd Dyewood (1) . T4 United EI C ex rts Lix Unt ECrts M 1437 46%; Utd Eng & Fy (12)_ 8014 United Fruit (13)__ 13% Utd Gas Imp (1) 63 Utd Paperboard 15 U S Distributing pf_ 17 U S & For'n Secur. 24 U S Freight (11) ___. 111 U S Gypsum (12)_ 156% U S Gypsum pf (7). 17 USHoffmdn . ___ 53% U S Hoff'an pf(2%)- 37% U S Indus Alcohol. 6% U S Leather vic__ 13% TJ S Leather(A)vtc_ 59% U S Pipe & Fdry(3). 13% U S Realty & Imp__. 44% U S Rubber ___ 92'% U S Rubber 1st pf. 83% U S Smelting (b4) 75 U S Steel 139% U S Steel pf (7 129% U S Tobacco (15) - 7 Unit Stk Yds (50c)_ 5% Utd Stores (A) - 7813 Utd Strpf al4.81% _ 2% Util Pw&Lt (A)(d). 1% Vadsco Sales Corp.. 28Y% Vanadium Corp _ __. 39% Van Raalta(b6215¢c) 421, Vick Chemical (12)- 7% Va-Car Chemical _ 5414 Va-Car Chem 6% pt. 7108 Va El& Pw pt (6). 167% 170 30% 27% 34% 115 65 33% 18% 6% . 46% 6% 76 6214 37% 142 465 20s 110% 110% 110% + % 19% 6 19% A 19% — 101% 40% % 261 Va Iron C&Cpf _ 70 Vulcan Detin (a8) 9 Wabash pf (A)(d)_. 15% Waldorf Sys(11.20) 29 Walgreen Co (2) 44% Walker (H) (2)- 11% Walworth Co 6% Ward Baking (B).. 13% Warner Bros Pict__ 7% Warner-Quinlan(d) 6% Warren Bros (d) _. 24 War'n Brev pf (d)- 35% Warren Fdy&P(t1) x 30% Waukesha Mot (1) 46 Wesson O&S (t50¢c) 93 West Penn E1 A (7) 15 1 2 3 1 1 208 6 3 40 . 1 23 208 508 2 1 1 454 1 508 2 11 2 508 1001 4 3 408 1 65 11 30s 208 10s T 7 52 43 6 3 1 2 100s % 90 West Penn El pf(6). 1008 103 West Penn El pf(7). 8% Western Maryland. 215 Western Pacific . T Western Pacific pf_. 69 Westn Un Tel (3)._ 4612 Westingh'se A B(1) 130% Westingh'se El (b1) 150 Westhse 1st pf (bl) 24% Weston El Inst a85c 22 Westvaco Chlor (1) 30% Westvaco 5%pf 1% 90 Wheel & Lake Erfo_ 38 Wheeling Stesl ___. 23% White Motor 15% White Rk M S(1.40) 5% White Sewing Mach 35% White Sew Mch pf_. 4% Wilcox Oil & Gas__ 8% Wilson & Co (50¢c) 10s 2 6 3 27 11 20 708 1 2 1 10s 5 2 24 79% Wilson&Copf (6).x 1 51% Woolworth (2.40) 343% Worthingtop Pump. 81 Worth Pump pf(A) 77% Worth Pump pf(B). 100 Wright Aero (al) __ 681% Wrigley W ir (3) 4914 Yale&Towne(160c). 20% Yellow Tr & Coacn 128 Yol Tr & C pf(b1%) 40 Young Spr& W(13). 75% Ygstn S&T (b75¢) - 81 Zenith Radio (b1)—— 6% Zonite Products... 17 7 6708 FINANCIAL., 16% 11 5% 9% 20% OIL SHARES LEAD LATE STOCK RALLY Most Groups Join Rise of Fractions to as Much as $2. Net. Clase. chge. 16% + % 10% + % Y% — % 9% — W 20 —% 32% + 4 0 — % 0 —1% 10% — % 31 + % 29 +1 19% + % 33 +1% 28% — % % — % 43 + % 48% + % 165 Stock Averages dust. mm mu luu Net change. +3 +.5 4.4 ‘6 T ‘Today, noon 95.6 Prev.day... 953 46.2 Month ago. 98.7 482 Year ago__. 852 48.6 1937 -101.6 54.0 1937 - 928 45.7 1936 993 435 53.7 728 1936 734 302 434 55.7 1932 175 87 239 169 1929 high__ 146.9 153.9 184.3 157.7 1927 low... 51.6 953 61.8 61.8 46.5 46.0 49.5 378 495 37.8 1.0 70.6 3.7 642 75.3 68.7 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associatea Press Financial Wrmer. NEW YORK, April 14—With oils in a late rally today, most divisions of the stock market were represented in an advance that carried leaders up for gains of as much as 2 points. Extension of yesterday's rally was attributed to hope for labor peace favorable earnings reports for the March quarter and a feeling on the part of many the recent shakedown in prices had largely expended its force. Expressed opinion of many execu- tives at company meetings that divi- dend prospects were favorable alse played its part in inducing traders to leave the sidelines. The market opened higher, then submitted to a brief wave of profit selling. Steels, motors and metaly lost part of their gains, but no real weakness developed. Transfers ap- proximated 1,400,000 shares. Metal shares were helped by strength of copper and other non- ferrous metals in London. Oils ad- vanced under impetus of predictions of increased earnings. Shares on the upside by fractions to around 2 points included Sea- +p |board Oil, Skelly Oil, Texas Corp., + 1 | Phillips Petroleum, Standard Oils of 2 + % | California and Indiana, Anaconda, + % | Kennecott, Cerro de Pasco, American T ' | Smelting, Phelps Dodge, Douglas Air- 1, | craft, Boeing, United States Steel, 3, | Bethlehem, Continental Steel, Con- solidated Edison, Coca Cola and Can- ada Dry. Y Rails held within a narrow range, :‘ with little purchasiAg enthusiasm ¢ | evident. Pennsylvania Railroad, Sears, * | Roebuck and Montgomery =~ Ward closed a little lower. Safeway Stores advanced slightly. | </ NEW YORK COTTON 3 | By the Associated Press | | NEW YORK, April 14—Cotton | was steadier today on moderately im- | proved trade and outside buying, pro- moted by large March co; ption | figures and reported unfavorable con- dition for crop preparations. July sold from 13.66 to 13.78 and was holding at the best in midafter- noon, when priees showed net gains of 8 to 9 points. Putures closed steads High 4 i W |+++ 1 1+1 4 18| F¥e5 ++++ 1000001+ |+ E3 1o 4 lower, Lo Close. 1 1 13 13 13 4.3 "Sbot steady: middiing 44 36 New Orleans Prices. NEW ORLEANS. April 14 (®.—Poor foreign markets unsettled early prices on domestic ¢otton exchagges and at New Orleans active options Weeraged losses of 25_cents & bale The increasing tenseness of the eonti- nent relative to the Spanish situation was interpreted “bearishly by the Liverpool orofessionals ew Orleans and New York there was a [ittle Busing 1n the: opening e 12 | 1ngs. but it was mostly routine trade pur- 3 | chasing. rather than any speculative or % | public support 7 May opened at 13.68. July at 13.60, Oc- “ | tober “at 13.19. December at 1 and 3 | March at 13.30. 1| Higher temperatures were reported for 1, | the Carolinas. The rest of the belt had “ | good “weather Cotmnsem oil futures opened 10.07: July. 10.13b 10:Tab: October) B ann. b e THREE ADDED TO BOARD OF UNITED AIRLINES Bs the Assoctated Press NEW YORK, April 14 —Three new directors have been elected to the board of United Airlines, increasing the number to 12. They are Lester Armour, chairman of General Stockyards Corp. and di- rector of Armour & Co.; Maik W. Cresap, chairman and president of Hart Schaffner & Marx, and Robert M. Roloson, jr., vice president of Northern Trust Co. of Chicago. (EEE ES 1 & F steady. W (Sevtember. % ++++++ 1+ 1 ++ — % + 1 +1% s 1q % New England Fund Prospectus on Request A. S. GouLpeN & Co., Inc. Woodward Bldg. NA. 2000 FOUNDATION CREDIT CO. Preferred, $10 pa nits | &%, Pt 10. T Price, $12.50 per uml Sold only on prospectus, which may be obtained by request from— Allied Underwriters, inc. Shoreham Bldg., Washington, D. C. Natl. 1121 BONDS U. S. Govt. Municipal Corporate STOCKS Listed Unlisted Bank Insurance Robert C. Jones & Co. | Members Washington Stock Ezchange | SHOREHAM BLDG. Metropolitan 2922 “Complete Invastment Service” 40% 107 90 109 0% 5214 129% 129% —2% 42% 43 + W 89 89 + W 33 33 +% 7 7