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A2 wiwk D.C.DEPOSITS SOAR FAR ABOVE 1933 Latest Total Represents Gain of $128,331,189 ook “C1AL. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, APRIL 15, 1937. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STOKS G0 DOWN FRACTIONS T0 31 Steels Lead Slow Decline. 2:18p.m. Btock and Bales— Net High, Low. Dividend Rate. Add 00. High, ln'. Close. chge. 10% 7 ConsR R Cubapf... 2 84 8 % 1% % Cons Textile (d).._. 8 1 814 Cons Coal(Del)vte.. 83 124 33 Cons Coal Del vtc pf 1308 49% 20% Container Corp 1.20. 22 36! 27% Contl Baking (A)_.. 3 Contl Baking (B)... 55% Contl Can (3) __ 20% Contl Diamond (2)_ 2:15 p.m. Sales— Net. Add 00. High, Low. Close. chge, 1 108% 108% 108% — 1% 2 118'; 116'% 118% +3% 23 487 48% 4Ry 10s 133 133 4 25% 2! 2 26% 26Y% 20 51% 51 51% + % 3 39% 39% 39% — % 2: 15 B Prov 1037 Stock and mlh. Low. Dividend Rate. Am 00, Hish, 66% Libbey-Owens-F (3) 69% 9% Libby McN & L(al). 14% 98 Ligg & Myers (f4)_. 984 98 Ligg & Myers B t4_. 59 Lima Locomotive... 52 Link Belt (12)_ 43% Liquid Carb (2. 0). 641% Loew's Ing (12) 2% LoftInc .__ Prev 1937 Prey 1937 High. Low. Dividend Rate. 110% 99 Republic pr pf A(6) 120% 109 Republic pf (bllg)_ 49% 3315 Revere Copper _ 135% 128% Revere Cop pf b1% . 30% 24'% Reynolds Met (f1)_ 34% 24% Reynolds Spr (1) __ 58 50's Reynolds Tob B (3) 46 38% Safew1y Stores(t2) 103 97% Safeway Strs pf(5) 8tock and Prev 1037 Stock and High. Low. _ Dividend Rate. 556 491 Abbott Lab (11.60) - 80% 63% Acme Steel (4) - 22% 15 Adams Exp (abbe).. 247% Adams Millis (bl) _.x 30% Addressosraph (1). 3 Advance Rumely.___ 68 Air Reduction (t1). 3% Air-Way Electric_.. 13% Alaska Jun (160¢).. Net Low. Close. chge. 69% + % M4 =35 98% + % 99% +1% Bolal— Add 00. High, 51 75 Net Low. Close. chge. 61 7% 18% 26% 324 3 'A 124 49% 85% 80 3% » From Low Paint. BY EDWARD C. STONE. Total deposits in the 22 Capital banks scored an astonishing gain of $128,331,169.11 between the bottom of the depression in 1933 and March 31, 1937, date of the condition call issued by the Controller of the Currency just the other day, according to a survey completed today by Audley A. P. Sav- age, auditor of the National Savings & ‘Trust Co. On June 30, 1933, the date of the first call after the Natipn-wide bank holiday, deposits in the District banks totaled $212,904,324.15. On March 31, 1937, they had climbed to $341,235,- 613.26, today’s summary shows. Between the call of three months | 8go, dated December 31, 1936, and the March call, the banks gained exactly $7,193,385.86, Auditor Savage reports. The December call revealed an all-time high mark in deposits which is far overshadowed by the figures brought to light since March 31. Other Sharp Advances Noted. Other comparisons are equally in- teresting. Deposits on March 4, 1936, amounted to $310,007,305.89 which means an upturn in about 12 months of $31,228,207.37. Two years ago, on March 3, 1935, Washington banks car- vied total deposits of $275,226,551.85, the advance since that date amounting to $66,008,961.41. Mr, Savage's anarysis reveals that seven of the nine national banks made gains in the last three months; five of the eight savings banks had more money in their vaults, and three of the five trust companies also expanded de- posits in the first quarter of 1937. ‘The national banks gained $1,019,- 317.78; savings banks $744,209.80 and the trust companies $5,429,858.28, the latter making the best showing of the three groups. Deposits on Marcn 31, 1937. ‘The compilation by Auditor Savage discloses that deposits in the indi- vidual banks In the Capital on March | 31, 1937, were as follows: National Banks. Bank of Washington___ $10,064,609.07 | Columbia - 5,193,631.36 | Hamilton - 23,762,822.76 | Liberty __ 7,390,313.19 | Lincoln 10.185,731.93 Metropolitan 29,649,905.25 | National Capital 3.112,040.21 | Rigas __ 97,785,716.94 Becond 8.239,586.92 $195,384,357.63 Savings Banks. | 5,254.18 621,456.82 | 3.265,906.26 | 1,060,846.89 481,540.34 | 5,178,174.78 | 1,678,524.33 and | 7,495,082.05 Anacostia City Commerce and Savings East Washington = Industrial - McLachlen Morris Plan Bank Security Savings Commercial - eoGal= T2 e 828 Trust Companies. American Security - $53,816,296.35 Munsey 5.692,030.79 | National Savings. 18,172,637.68 | Union Trust... 11,829.954.5¢4 | Washington Loan. 27,783.450.62 | $117,294,369.98 | Recapitulation. National Banks_ $195,384.357.63 Savings Banks 28,556,785.65 Trust Companies. 117.294,369.98 | $341,235,513.26 | Ayres Deprecates Boom Curbs. Leonard P. Ayres, Cleveland econ- omist and banker, in his monthly re- view, out this afternoon, declares that | & good deal of bad economics is being | talked in these days about emergency measures to prevent a business boom, | extended controls to check bank | credit expansion, and increased Fed-1 eral powers to restrain commodity | price advances. These discussions constitute a kind of locking the stable door before the family horse has even | | been acquired. | The truth is, he says, that we not | only have no business boom, but we have not as yet definitely emmgedl Xrom the depression. The expansion of bank credit loans so far in this | recovery period has been non-specula- tive in nature, and so moderate in volume as to be almost minute. The exceptionally rapid price advances ! have been in commodities of interna- | tional trade, Col. Ayres states. He considers present discussions | baneful because they divert attention and efforts away from the three most pressing economic problems—reduc- tion of unemployment, balancing of the Federal budget and harmonizing of labor relations. He would foster efforts to minimize business booms and slumps, but adds that national income, railroad freight traffic and department store sales are still about 20 per cent lower than before the de- pression. New construction is about half what it was 10 years ago, he adds. Bankers Off to Spring Meeting. Robert V. Fleming, president of Riggs National Bank; Sidney F. Tal- faferro, trust officer in the same in- stitution, and Wilmer J. Waller, vice president and cashier of the Hamilton National Bank, leave here tonight to attend the A. B. A. Spring council meeting at Hot Springs, Ark. As resident of the A. B. A. last year, Mr. leming is now on the council and several very important committees; Mr. Waller is a member of the im- portant Banking Studies Committee, and Mr. Taliaferro is chairman of the Executive Committee of the National Bank Division. Edgar E. Mountjoy, who has repre- sented the A. B. A. in Washington for many years, will also attend the meet- ing. George O. Vass, vice president end cashier of Riggs, is a member of the A. B. A. council representing the District Bankers’ Association, but it 4s doubtful if he takes the trip. The sessions are scheduled for next Mon- day, Tuesday and Wednesday. Heard in Financial District. About 10,000 holders in this city of ‘American Telephone stock received their quarterly dividend checks this morning, the accompanying letter showing earnings of $2.32 against $1.85 in the first quarter of 1936, and $9.84 in the past 12 months compared with $6.97 a year ago. Sales of five shares of Liberty Na- tional Bank stock on the Washington exchange yesterday disclosed a gain of 10; points since the last previous sale at 139%. The market closed with 150 bid and 160 asked. On the Washington Stock Exchange today three $1,000 transfers in Wash- ington Gas 5s, 1958, took place at 106. Riggs National Bank common stock 6,785. sold at 325 and Real Estate Mortgage & Guaranty preferred came out at 5%, vnchanged. 258'& 384 21% 85 8315 39% 87y 1147% 101% 418 T 803 121 71 37 Alleghany Corp...on. 4314 Alleg pf ww $30.___ 3613 Alleg Steel (b400)- 22 Allen Indus 11) 225 Allied Chem (6) 2515 Allted Mills (b50c) _ 16% Allied Stores (b20c) 80% Allied Strs pt (5) 634 Allis-Chalm (b60e) - 301 Alpha Port Cmt (1). 47 Amal Leather _ 98% Amerada Corp ( 83 Am Ag Chm Del b1_ 2514 Am Bank Note (11). 59 Am Bk Note pf (3)._. 58 Am Brake Sh (12)__ 101% Am Can (14) ___ 56 Am Car & Foundry_ 92% Am Car & Fy pf(b4) 72 Am Chain & Ca bl 13% Am Colortype 26% Am Comcl Al a50c. 27% Am Crystal Sug b2_. 94l Am Crys S 1st pf 6_. 81y Am Encaustic i 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) _. 615 Am Hide & Leather_ 3713 Am Hide & L pf (3) 461 Am Home Pr 12.40__ 22 Am lce 13% Am Interntl (a40c)- 43 Am Locomotive 113 Am Loco pf (a3) ___. 22% Am Mach & F (11)_ x 10% Am Mach & Met 60c. 50% Am Metals e 62 Am News (N ) (3). 10% Am Power & Light_. 2240 2‘0 1 257 26% 12 18% 18 - 3 82 82 10 68 2 33% 1 6% 2 105% + 55 Am Pw & Lt pf (6) .. 17 45% 36 58 105% 154 671 3% 115 14’4‘\4 26% 66 Am Pw & Lt pt (6)_ 23 Am Radiator t60c . 154% Am Radiator pf (7). 33% Am Roll Mill 11.20 . 30% Am Safty Raz (t2)_ 41 Am Shipbldg (2)___ 881 Am Smelt & Ref(3). 13814 Am Sm & Ref p£(7). 59 Am Snuff (13) __. 5714 Am Steel F' (b50c) _ 10912 Am Steel F pf (1) _ 3% Am Stl F rts May 15 20 Am Stores (2) 475% Am Sugar (2) _ 130 Am Sugar pf (7). 21'a Am Sum Tob (11). 167% Am Tel & Tel (9) 7815 Am Tobacco (5) 803 Am Tobacco B (5) _. 14% Am Type Founders_ 207 Am Water W (80¢) 971 Am Wat W 1st p (6) 9% Am Woolen . 64 Am Woolen pf (b1). 6% Am Zine & Lead ___ 521x Anaconda Cop (11) 79 Anaconda Wire (12) 106 Anchor Cap pf 6% —- : AP W Paper 41 Archer-Dan-M(t2). 119 Archer-D-M pf(7)_- 7 Armour(Ill) blsc__ » 813 Armour(Ill)pr pf 6. » Armstrong Cork(2) Assoc Dry Goods 550 D G 18t pf(6) - Asso DG 2d pf b1% i Atch T &S Fe(a2) . 100 Atch T& S F of(5)- 441y Atl Coast Line(al) _ Atl Gulf & Wst Ind_ AtlG & W I pf(ad)- 30« Atl Refining (1) 6% Atlas Corp (80c) )1: Atlas Corp pf (3) 21, Atlas Pwdr (b75¢) Auburn Auto 6% Aviation Corp Del._. 8 Baldwin Loco (d) _ 86% Baldwin Loco pf(d) 61; Baldwin asd (d) _. 881; Baldwin pf asd(d) 2(1‘.. Baltimore & Ohlo Bangor & A pf (5)_ Barber Co (a75¢) 26« Barnsdall (1) 16t Bayuk Cigar 175¢_.. 24 Beatrice Cream t1_. 12% Belding Hemin (1) Bendix Avia(b25c) _ 20% Benef Ind Ln (b95c) 73 Bethlehem (al13%) 18% Bethl'm St 5% pf(7) 52 Bigelow-San b30c __. 30 Black & Deck b50c._. 22% Blaw Knox (b20e) _. 33% Boeing Airplane ___ 407 Bohn Alum & B(3)_. 85% Bon Ami A (4) ___ 41% Bon Ami (B) (2%)_. 26 Borden Co (1.60) Borg-Warner (4) Boston & Maine 275 Botany Mines A (d)_ 16* Bridgept Brss(60c # Bridep't Br rts Ap29 451 Briggs Mfg (12) 41% Bristol-Myrs 12.40_. 397 Bklyn-Man Tr (4)_. 5% BKlyn & Queens ___ 381 Bklyn Un Gas (3)._. rown Shoe (3) . 0% Brunswick-Balke. 185 Bucyrus-Erie 108% Bucyrus-E pf (7) 10% Budd (EG) Mfg 9% Budd Wheel(a20c) 34% Bullard (b25c) ___. 50% Bulova Watch (14)- 301% Burr Add M (80c) __. 7Tix Bush Terminal (d)_ 24% Bush T Bldg pf(d)_. 13!% Butler Bros (bl5e) 29Y Butler pf (1%) .__. 5% Butte Cop & Z(a5c) 25% Byers (A M) __ 79% Byers (A M) pt 27 Byron Jackson (t1). 50 Calif Pkg pf (2%) .- 23 Callahan Zinc-Lead. 14% Calumet&Hecla (1). 9 Cap Adm (A)(al)_. Cap Adm pf (A) (3)- Carriers & Gen(b5c) Case(J I)Co (4). . Case(J 1)Co pf(7) - 8513 Caterpillar Tr (12)- 265 Celanese (b75¢) - 314 1063 Celanese pr pf A(7). 82% 39% 123 24%, 14% 863 23% 60% 687 100 4% 13% 4 18% 11% 3% T 6% 19% 33 T0% 3% 8% 10% 22 15% 135% 21% 10% 384 113 413, 25% 623, 112% 45 30 20% 39% 125% 69% 114 80% 120 21% 4 T5% 45% 18% 95 49% 5% 18% 13% 1T% 36%% Celotex Corp 76 Celotex Corp pt(S)_ 33% Cent Aguire (11%)- 8% Central Foundry.__. 17 Cent Violeta Sug 10% Century Rib M b20e. 67% Cerro de Pasco (4) .. 16% Certain-teed Prd . 35% Champion Pap (11)- 57% Ches & Ohio 12.80 91 Ches & Oh pf A (4)- 2% Chi & East I11 (d) -... 67 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) _ 11% Chi & N W pt (d) ... 23 Chi Pneumatic Tool 6115 Chi Pn T pf b873ec.. 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 12% Childs Co - 110% Chrysler (b1%) 187% City Ice & Fuel (2). 81 City Stores = 32y Clark Equip(11.60)- 105 Clev ElIllupf 4% ._. 85 Clev Graph Br (2).. 19% Colgate-P-P(150¢). 53 Collins & Afk (12)_. 108% Collins & Aik pf(5). 26 Colonial Beacon. _. 23 Colo & South 1st pf_ 137% Columb G & E1(40¢) 32% Columb Pic vte (11) 112% Col Carb vte (14) ___ 56% Comcl Credit (14) ._ 100 Comecl Cred pf (4%) 64 Comel Inv T (t4) .. 104 Comecl Inv T pf 4% 16% Comcl Solv (160¢) - 2% Comw & Southern.. 55% Comw & Sou pf(3)_. 36% Congoleum-Nrn(2). 135 Consol Cigar .. .. 83% Con C pr pf ww 6% . 38% Cons Edis N Y (12).. 4% Cons Film - 14% Cons Film pf (a2) .. 9% Cons Laundries..._. 15% Cons Ol (806) cemee. 17 240 25% 18 82 67% 334 6% 105 90% 27% 60's 60 4 105% 61 9344 88% 4875 « 133% 22 1674 824y 84 162 21l 9Ty 11% 17 (L L I B e o e e e ] - % +18% - % — 5% + W + % -1 -1 % % ® o TR ROl Skt ® w© T FEEFEF 15% 15% + % 11% 11% | 117 37 Contl Insur (11.60). 2% Contl Motors... . 40% Contl Ofl Del ('l)A- 26% Contl Steel (b500) .. 63% Corn Ex Bank (3) .. 64% Corn Prod Ref(13).. 21 Crosley Radioal u. 47\5 Crn C&S pf ww 2% _ Crown Zeller (new) - Crown Zell cu pt(5). Crucible Steel CubaCo. .. Cuban-Am Suga: Cuban-Am Sug pf. 15% Curtis Publishing.. 924 Curtis Pub pf (7) 615 Curtiss-Wright 181 Curtiss-W (A)ab0c_ 76 Cutler-Ham (b50c). 24 19% Davega cum pf 1% _ 109 103% Dayton P&L pf 4% 1351 104% Deere & Co 31% 29% Deero & Co pf 1.40 . 29 22 Deisel-Wem-G(11)_ 58% 424 Delaware & Hudson. 2412 17% Del Lack & Wes 10% T Den&RGWDNdL 146! 122 Detroit Edison (14). 15 30% Diamond Mth (b50c) 21% Diamond T Mot b25c 29 241 Distil Corp Seag 46% 36% Doehler Die Cast(2) 51 41% Dome Mines (2) 12% 10 Dominion Store: 77% b54% Douglas Afrcraft 8% 5% Dunhill Internatl 18014 154 Du Pont (b76¢) _ 17 11% Eastern Roll Mill: 175% 158% Eastman Kodak(6). 3715 31% Eaton Mfg (12) __. 16 117 Eitington-Schild 29 23% El Paso Nat G 1.60_, 38 Elec Auto Lt 12.40_. 11% Eleo Boat (a60c) __ 5% Elec&Mus 1 (al8c).. 19% Elec Pow & Light .. 671 Elec Pw & Lt $6 pf_. 75 Elec Pw & Lt $7 pf . 39% Elec Storage Bat (2) 134 Elk Horn Coal (d) 514 Elk Horn Cl pf (d) 55% Endicott-John (3)_. 11 Eng Public Serv___. 74 Equitable Office B__. 137 Erie RR . 26Y% Erie R R 18t pf _ 12 Eureka Vac (80c)_.. 281x Evans Prod (1) _ 41; Exchange Buffet. 314 Fairbanks Co__ 20% Fairbanks Co pf_ 56 Fairb'ks-Morse (11) 21 Federal Lt & Trac__ 93 Fed Lt& T pf (6) _. 814 Federal Motor(40¢) 4% Fed Water Sve A __ 3615 Fed'd Dept Str(2) 377 Fidel Phoenix t1.60. 323 Firestone T&R (2)_ 3814 Flintkote Co (1) __. 46 Florence Stve bi0c_ 34 Florsheim A (2) _. 9% 6% Follansbee Bros(d). 58 4Tis Food Machine (1) 128 116'3 Food Mach pf(4%) 5412 43 Foster-Wheeler .. 135 118 Foster-Whedler pf_ 324 26% Freeport Sulph (1)_ 109 Freeport Sul pf(6)_. 481 34% Fuller Co 2d pt 33 23 Gamewell Co 1915 15% Gar Wood Ind a! 15t2 12% Gen Am Inv(a75c) 105% 101 Gen Am Inv pf (6) 86y 69% Gen Am Trans (a3). 19% 15% Gen Baking (t60c) 32!y 2513 Gen Cable _ 65 52% Gen Cable (A) 6474 517 Gen Electric (b40c). 441 39% Gen Foods (2) 2% Gen Gas & Elec(A).- 60 Gen Mills (3) __ 117% Gen Mills pf (6). 70% 57% Gen Motors(b25c) 122% 114% Gen Motors pf (5 60% 49% Gen Outdoor Adv A 19 15% Gen Print Ink new__ 5% 4 Gen Pub Service __. 5% 3% Gen Realty & Util_. 70% 60 Gen Refract (a3%). 88 70 Gen Steel Castpf_ _. 33% 271 Gen Thea Eq(b25c). 207 15% Gillette S Raz (+1)_ 884 83 Gillette SR pf (5) 29% 20% Gimbel Bros 90v 83% Gimbel Bros pf(6)- 511z 43 Glidden Co (2) 58% 54 Gliddencv pf(2% 67 5% Gobel (Adolf) __ 8% 612 Goebel Brew(120c). 501 31 Goodrich(BF)(al)_ 27“ 7913 Goodrich pf (5) 473 27% Goodyear T & R 50c 141 100 Goodyear cu pf(5).. 131 10% Gotham Silk Hose 4% 3 Graham-Paige _ 15 64 Granby Cons 732 432 Granby rights Ap 26 5% 37 Grand Union ctfs __ 27% 21% Grand Union pf(bl) 481 3813 Granite City Stl(1)_ 47% 42 Grant (WT) (11.40) 55% 40% Grt Northern pf___. 283 19 Grt Northn Ore (1). 421 35 Grt West Sug 12.40_ 391 321 Green HL (11.60)_. 16% 13% Greyhound (+80c)_. 11% 10% Greyhound pf(55¢c). 4% 3 Guantanamo Sug.-- 32% Hack W pf A (1%). 13% Hall W F Print_ 25% Hamilton Wth b25c. 1041 Hamilton W pt (6)- 101% Hanna (MA) pf(5)- 50% Harb-Walker (12) _. 13% Hat Corp of Am 80c. 5% Hayes Body __ 101 Hazel Atlas GI (15). 13 Hecker Prod (60c) . 28% Hercules Motor (1) 59 Hershey Choc (13) - 30% 21 Hollander & Son(1). 4313 31% Holly Sugar (12)- 431 355 Homestake (+12) _. 27% 21% Houd-Her B (11%4)_ 94 88% Househ'ld Fin pf(5) 17% 121 Houston Oil vtc _. 90% 62% Howe Sound (13)_. 5% 4 Hudson & Manhat. 15% 11t Hudson & Man pf-_. 23Y% 18 Hudson Motor 2% 1% Hupp Motors 38 2214 Illinois Central .. 221 12% Indian Refin (a1) . 46% 36% Indus Rayon (2) . 144 129% Ingersoll Rand(t2). 131% 112 Inland Steel (4) 33% 22 Inspiration Cop - 6 5 InsShMdct (a20c). 13% 9% Inter Rap Tr vte(d) 11% 4% Intercontl Rubber.. 281 16% Interlake Iron 914 5 Intl Agricultural .. ‘6314 42 Intl Agricul prpf_. 189 159% Intl Bus Mach(t6).. 111%4 99% Intl Harvester(2%) 16% 8% Intl Hydro E1 A 15% 6% Intl Mercantile M. 18% 12% Intl Mining (a90c)-. 6214 Intl Nickel (b50c).. 16% Intl Paper (A).. 10% Intl Paper (B) -mmm 5% Intl Paper (C) oeeee. 90% Intl Paper pf. % 41 Intl Print Ink (12)_ 111% 109% Intl Print Ink pf(6) 28% 25% Intl Salt (t134) 45% Intl Shoe (12) 31% Intl Silver 90 Int Silver pf (b4) 11% Intl Tel & Tel _ 28% Interstat Dp St b2 19% Intertype Corp (1)_. 29% 25% Island Creek (2)__.. 874 77 Jewel Tea (14). 165 127 Johns-Manv (13)__. 126 120 Johns-Mansv pf(7) 136 123 Jon&L 7% pf(b1%) 121 115% K C P&L 1st pf B(6) 29 20 Kans City South 23% 17 Kelsey-H A (al%).. 19% 14% Kelsey-H B (a1%)_. 109% 102 Kendall pf A (16) 55% Kennecott (b50c) _ 17% Keystone S&W b30o 381 Kimberly Clark (1) 5% Kinney (G R) Co__.. 47Y% Kinney pf (a1) 9% Kresge Dept Stores. 24% Kresge S8 8 (b30c) _ 22 Kroger Groo (11.60) 81% 3 14% 127 110 20% 109% By 23% 907 14 34w 6% 5% 28 Tl 29% 103 11% 6 43% 45% 41% 46% 581y 394 31 108 105 5814 17% 8 109% 157 39% 67% 18% Lambert Co (2) _.. 38% Leh Port Cmt 1% 2% Lehigh Valley Coal. 13 Lehigh Val Coal pf_ 17% Lehigh Valley R R... 137 118 Lehman Corp (13).. — % &8% 48% Lerner Stores(t2).. t FE FFEIE X & ¥ 20 102% 4 126 294 28% 48 19% B 123 31% 214 24% 87 2% 11% B6% 5% 166% 14 161 3214 131 26% 39 3 P B BT NE B IR e S NTRAN S BB DN PETSTOITE TR e~ = oS EFRF PFF 9 -5 _. Seon 091 = 1 1S KO 0 A 2080 ® 3 waoBrarwe~ - oty % =3 - - 0563 D 1 50t Ot @ 10 00 O o Sum3-5 Sy EXIU A - TNt PESEEESEEEF FEE 3 FEF 2F o P o B T - e I R - o RS 443 +1% 104 + % 12% + % 30% 20% + % 29% + % % — % 182 -2 125% + % 127% +1% 126 127% 116% 1108 208 ¥ 20 19% 20 - 130 < 126% 130 +5 61 51 b1 FEFEEE ET T IO IC 56 Lone Star Cmt b76c. 614 Long-Bell Lumb(A) 22% Lorillard P (11.20) . 19% Lou Gas & Elec (A). 87% Louis & Nash b2% .. 29% Ludlum Sty (). 291 McCall Corp (12) 18% McCrory Stores _ 40% McGraw Elec (12)_. 37% Mclntyre Porcu(2) - 37% McKeesp't Tin Plate 12% McKesson & Rob .. 45 McKess & Rb pf(3). 15% McLellan Strs b75c. 42% Mack Trucks (1) 50% Macy (R H) (12)___ 11% Madison Sq G(80¢c). 52 Magma Copper (2).. 20 Manati Sug pf (4).. 14 Mandel Bros (bl) .. 10% Man El md gtd () 22 Manhat Shirt (1) 4'4 Maracaibo Ofl Exp.. 10% Marine Mid (t40c) .. 4% Market St Ry 2d pf_ 43'% Marlin Rock (12) 187% Marshall Field.. 9 Martin-Parry 58 Masonite (t1). 36 Mathieson Alk(1%) 55 Mathieson pf A (7)- 12 Maytag Co (a50c)_ . 25% Mead Corp 95 Mead Corp pf (6) 72 Melville Shoe (15 114 Mengel Co 41 Mengel 1st pf 42%) 59 Mesta Mach (b1%). 16% Miami Copper ___ _. 35% 29% Mid-Cont Pet al.15_. 4813 381 Midld Stl Prod(12). 122 116' Midld Stl 1st pf(8)_ 120 102 Minn-Hon Ros (2) _ 124 114 Minn-Hn R pf B(4). 16% 11 Minn Moline Pow _ 101 881 Minn Moline Pw pf_ 6% 4% MStP&SSMlsin_ 34 26% Mission Corp (a45¢c) 9% 6% Mo Kans & Texas _ 34% 24% Mo Kans & Tex pf A 6% 3 Mo Pacific (d) 12% 7 Mo Pacificpf (d4) __ 40% 30% Mohawk Carp(1.20) 101 89 Monsanto Chm(t1). 69 53 Montg Ward (t2) _ 314 11 Mother Lode al2lc 26 21% Motor Wheel(1.60) _ 54 41% Mueller Brass (1) 39% 31 Mullins B (ab0c) ... 36's 273 Munsingwear (3) .. 32 18 82 Murphy rts May 10_. 157 Murray Corp(a50c). 58% Myers (F E) (b1)__. 173% Nash Kelv (1) 38 shv Chat & St L 1814 Natl Acme (a75c) __. 28% Natl Biscuit (1.60)_ H’i‘. Natl Biscuit pf(7) _. » = omnmtTrnntrenaanaananBSa B AT a0 —S 101 8614 16% 47% 2% 26% 2 9% Natl Cash Reg (1) . 2314 Natl Dairy Prd 1.20 4108 Natl Dairy pf A (7). 17% Natl Dept Stores . __ 7% Natl Dept Strs pf___ 271 Natl Distillers(t2)_ 33% Natl Lead (150c) _ 48 Natl Mall & S C b50c 10% Natl Pw & Lt (60¢) . 1 % Natl Ry Mex 2d pf__ 94% 70 Natl Steel (12%)__. 9% 62 Natl Supply Co 129% 121% Natl Supply pf a3l 124 9% Natl Tea (60c) 13% 111 Natomas (180c) _ 41% 314 Newport Ind(b50¢)_ 55% 40 N Y Central 916 % N Y Centrts Mayl._. 72 41 NYChi&StL 83 NYChi&StLopf. 27% N Y City Omnibus . 17 N Y Omnibus(war). 8 N Y Dock 17% N Y Dock pf 1% N Y Investors (d) 5% NY NH& H (d) 100 317 21% 1274 11% N Y Shipbuilding_ 2 Norfolk South (d) 12% North Am Aviation. 25 North Am Co(b30c) 51% North Am Co pt (3). 27% Northern Pacific 511 Northwest Tel (3).. 17% Ohio Oil (a60c) 531% Oliver Farm Equip- 18% Omnibus Corp vtc . 13% Oppenheim Collins._ 35 Otis Elev (60c) 161 Otis Steel - 75 Otis Stlcv pf (515). 150 Owens-I11 Gl (6) 19% Pacific Am Fish 1.20 10% Pacific Coast 253 Pacific Coast 1st pf 18 Pacific Coast 2d > 24%, Pac Finance(t1.80). 30% Pac Gas & Elec (2) . 4313 Pac Lighting (3) .. 34% Pac Mills (b50c) 22Y% Pac West Ofl(aé5¢c). 10 Packard Mot (b15c) 11% Pan Am Pet (a60c)_ 2% Panhandle P& R __ 60 Panhandle P&R pof_ 90 76 Paraffine Co (b1)._. 283, 22% Paramount Pic 200% 161 Paramnt 1st pf (6)_. 26% 20% Paramnt 2d pf 60c_. 8% 4% Park Utah 44% 38 Parke Davis (bl). 2474 Parker Rust (11 1/;). 53 Parmelee Trans 7% Pathe Film Corp 14% Patino Mines(t60c). 501 Penick & Ford (13)._. 97 Penney J C) (4) 4% Penn Coal & Coke 7% Penn Dixie Cement_ 39% Penn Ralilroad (a2). 481% Peoples GasChi ___ 17% Petr Corp Am a90c... 10% Pfeiffer Brew b0c 5-32 Pfeiff Brrts May 13 4T% Phelps Dodge b35c_. 50 Phila Co 6% pf (3)_ 5% Phila Rap Tr (d) _. 93 Phila Rap Tr pf(d). 1% Phila Read C&I (d) - 70 Philip Morris(b33) 49% Phillips Petrol (2) . 16% Plerce Oil pt __ 2815 Pilisbury Flour 1.f 60 60 Pittsburgh Coal pf_ 1314 Pitts Screw&B blb5c. 24%, Pitts Steel 122 103 Pitts Steel pf 28 8% 4T% 28% 21% 334 200 23 15% 40 27% 32% 38 53% 4475 29% 12% 17% 49 884 20% Pitts Term Coal pf_. 3% Pitts United _ 31% Pitts & W Va._ 24Y% Plymouth Ofl (+1) . 18% Pond Creek Poc (2). 241 Poor & Co (B) P 7 Porto R Am Tob A_. 10 Postal Tel&C pf(d). 231 Pressed Steel Car 24 Press Stl 1st pf 25¢. 66 Press Stl 2d pf 2% _. 55% Proctor & Gam(12). 43 PubSve NJ (2.60)_. 58 Pullman Inc (1%)._. 19% Pure Oil 112% 108 Pure Ol 8% pt_ 23% 18% Purity Bak (60c) ___ 18% 16 Quaker State (80¢)_ 12% 10% Radio Corp 80 73% Radiopf A (3%)_ 9% 7% Radio-Keith-Or (d). 37% 31 Raybestos M (11%) 49 45 Reading 1st pf (2)_. 22% 18% Reliable Str (a50c) - 35% 31% Reliance Mfg (160c) 29% 21% Rem-Rand (160c)__ 9% 5 Reo Motor Car_. 47% 27% Republioc Steel _. BITUMINOUS OUTPUT OFF SHARPLY IN WEEK The National Coal Association, from incomplete car loading reports from the railroads, estimates bituminous coal production in the United States for the week ended April 10 as approx- imately 5,850,000 net tons. Production for the corresponding week: 1936, 17,392,000 tons; 1935, 5,573,000 tons. ‘The report of the Bureau of Mines shows production of 11,256,000 tons for the week ended March 27 and 7,065,000 for the week end April 3, 1937. Production calendar year to April 10: 1937, *140,189,000 tons; 1936, 120,- 550,000 tons. *Subject to revision. \ 110% % 2816 5% 9% 3415 90% 60% 224 47 a2 ISVc 64 21% 40%, 207 2874 152 28% 34w 241 111% 19% 127'5 9 11% 33 4T 30% 19 51% 3T 374 14% 45% 16% 52'% 51 14% 5ay 23 15'% 11% 23 113% 14% 94 4% 31% R‘fi IGH = ‘n 64 -1 21% — % 40% 207 28% — &% 162 43% 291, 34y 24% 111 19% 8 32% 374 1271 9% 11% 33% 481 133214 32 70 915 28% 18% 10 204 1:’(76. 26% 531 32% 5215 22% T0% 191 158 37 20 B8Ry 177 20% 11 32 191 2414 3219 47 38 28 1004 3% Ty 82 175 228, 5% 381y 26'9 6 8% 18 507 98 5k 87 45 52 19% 11% 6-32 5215 50 51 60% 21% 18% 17 10% 4 0% 911g 29 18% 101 20% 1% p 135 26% 5315 33 525 22% T0% 191 15% 3714 20% 8815 177 20% 11% 3214 191 , 47 38 1751 223%, 5% 39 261 6 K1 18 507% 981% 53 8 52 19% 11% 6-32 T R B 62 443 608, 21% 110% 187% 17 ++ 1 23% — T = 2% - 113 110 Safeway 65 % 11% 27% b1% 3% 45% 2% b4k 95% 34 42% 120 14 17% 34% 105% 3 St L-San 6% St L-San 42% Schenley 38 Scott Pa zn 29 102 267 Shell Un 102 Shell Un Skelly Of Sloss-Sh mith & nider P) 27% 4 34 24 7 Sparks- 31% Spancer 2814 45% Spicer p 22% Spiegel, 14}, Stand B 24 Stand B 25 60 43% 341 Starrett 65 Sterling 1 '4 Stokely % Stone & 46 Superhe 37 Swift In 13 Talcott 1174 Tenn Co 50% Texas C T'% Texas G 381y Texas G 4315 Texas & 1314 Tex Pac 11'; Texas P 10 Thermo! 23 Thomp'r 22 62 Timken Timken 19% Transue 333 42% 20th Cen 167 Twin Co; 63 Union B 24% Union O « 1262 Union P: 26% Union T 175% Utd Air 13% Utd Dru, 184 Utd Dye 1% Unit E1 13% Utd Gas 111 17 U S Gyp: 13% 591 13% 44Y 9219 83y 75 139% 155 i) U U U S Rub! U S Rubl U S Sme! 1261 U S Stee 150 169 1% Vanadiu; 314 Wabash 9 Wabash 44% Walker 19% Walker 11} Walwor 13% Warner 61 Warner 6% Warren 35% Warren Waukesl Wesson Wesson 361y Weston Wheelin, Wheel S 47 100 76 3% 46% 101% 40% 9% 681 Wrigley 40 Young S 31 6% Zonite P: 11:00 P.M._ 1:00 P.M. Dividend rates cash payments based larations xEx dividend 43% St Joseph Ld(bi0c) 14'4 Savage Arm (al) __ 2 Schulte R Strs (d). 1% Seaboard Alr L (d)- 40% Seaboard Ol (1) Sears Roebuck (3)_ Servel Inc (11) Sharon Stl (11.2)__ Sharon Stl pf (5) 10% Sharpe & Dohme 14% Shattuck F G (60c)- 1214 Silver King (b25c) .. 44% Simmons Co ( 3% Simms Petrol ocony-Vac (b25c) - 4% South Am G & P 30c South Port Sug(f2). 26 So Cal Edison t1%_. 42% Southern Pacific Southern Ry . 47% Southern Ry pf 19 Sperry Corp vtc(al) Spicer Mfg (a3)_ 41’5 Square D (B) b25c 8% Stand Gas & El (d) Stand G&E $4 pf(d) Stand G&E $7 pf(d) 27% Stand Inv Corp 4 Stewart-Warn t50c. 13% Studebaker Corp 4% Superior Oil Superior Steel _ 3215 Sutherland P t1.60_. mington ww bl0c ymington xw bl0c. 5% Third Avenue _ 614 Thompson Starrett_ 29 Thompson Star pf._ 18% Tide Wat A O (60¢c). 15% Transamerica t40c._ 167 Trans Wst Air a2ic 9 Tri-Contl (a50c) 815 Truax-Traer(b25e). 20th Cent Fox b50c_ 11% TwinCity RT _ 3% Ulen & Co 85% Und-Ell-] 97% Union Carb (3.20) 92Y% Union Pacific pf(4). 27% Utd Aircraft(a50c). 6% Utd Paperboard _. U S Hoffman n"‘ U S Hoff'an pf"’%) 7l2 U S [ndus Alcohol 6% U S Leather vtc 1 S Leather(A)vte. S Pipe & Fdry(3). J S Realty & Imp__. Van Raalte(b62%c) T3% Va-Car Chemical 541% Va-Car Chem 6% pf 15% Waldorf Sys(11.20) 29 Walgreen Co (2)___. White Motor White Rk M S(1.40) White Sewing Mach Wilcox Ofl & Gas Wilson & Co (50c) - Woolworth (2.40) Worthington Pump Worth Pump pf(A) Worth Pump pf(B) 20% Yellow Tr & Coach. 75% Ygstn S&T (b75¢) .- Zenith Radio (bl) s Unit of trading less than 100 shares. not including extras. d Companies reported in receivership or being reorganized 108 102'% 10! 102'4 Strs pf(7) 1470» 110% llfl'm 110% — % Fran (d)__ Fropf (d)_. Dist(b75¢) P 41% — % 1% 4+ 50% — 1k 90 - % 29 + 1 per (1) 145 321 3 101% 1 150 01l (a25c) . Ollpf5% .. e)- 11 -~ effield St Cor ctfs(1) kg (b1%) - 23% 195 4'; 383, 263, 57 394, 51 7 33 20 32 48 25 427 147 1251, 10% 20 4% 39 27 581 39% 53 Withing % Kell (1.60) Y% 20% 33 48 26 427 14% 127 3 11 f A (3) Ine (1) - rands(t80c) rands pf(7) Stand Oil Calif(t1). 44% Stand Oil Ind (1) .. 67% Stand Oil N J (t1) .. L S(11.40). Prod t3.80_ 18 15% 26% 1674 49 Bros (t1) __ Web(a25c). ater Co (1). B aebraSeSom wen aLtd (2) - 14% (J) b30c _ rp (alse) orp (2) ulf PraSe _ ulf Sul (12) Pac R R C&O bl0e_. LT (al0c). id Co __ 131 bl’h 1 Prod ally Detroft 1__ Roller B(3) & W(160c) 11% 39%% 49% 11% 221 4 90 87 99y 261y 1461 93 113 3 tF pf(1%). g 115 23 4 9015 891y 16 100 18 267 ach (al.40). Fisher (3)_ ag & P (2) - o POPHP SO o P o St JOF O SRR S Cpe R S il(Calif)1.20 acific (6) nk Car 1.60_ 20 Lines a20c.. 25% Utd Biscuit (1.60) 2974 Unit-Carr Fast(12). 57 Utd Corp (a20c) 413 Utd Corp pf (3).. g (a75¢) ... wood (1) ... 7% United El C ex rts Crts May 14 4612 Utd Eng & Fy (12)_ 801 United Fruit (13) Imp (1)___. 33 : sum (12) .. ber ber 1st pf. Iting (b4) 1 U S Steel pf (DE U S Tobacco pf (7) - Unit Stk Yds (50¢) - Utd Stores (A) Util Pw&Lt (A)(d). Vadsco Sales Corp._. Vadsco Sales Cpf__ m Corp 65% @) ot (A)(d),. 143 (H) (2).. (H) pf (1) th Co 35 Ward Baking (A) 6% Ward Baking (B) Bros Pict__ Bros Pic pf. 7s Warner-Quinlan(d) Bros (d) __ Fdy&P(1) ha Mot (1) O&S (150c) O&S pf (4)_ West Penn E1 A (7) West Penn EI pf(6) West Pa Pwr pf (7) 4 Western Pacific pf. Westn Un Tel (3) _ Westingh’se A B(1) 4 Westingh'se El (b1) Elec(A)(2) Westvaco 5%pf 1% g Steel tl pf (b1)-_. 90% 70 307% 421 88 32% 6% W ir (13) - pr& W(t3). roducts. ___ Approximate Sales of Stocks on the N. Y. Stock Exchange. 270,000 12:00 Noon 450,000 580,000 2:00P.M _ 700,000 s given in the above table are the annual on the latest quarterly or half-yearly dec- tAnnual rate— aPaid last vear. bPaid this year. Meany JAMES TALCOTT SIGNS SEVEN NEW CONTRACTS Special Dispatch to The Star. NEW YORK, ‘Talcott, Inc., / has been appointed factor for the following: Wail Broth- ers Textiles, Inc., New York City, im- porters of rugs and tapestries; Bern- son, Silk Mills, Inc, New York City, manufacturers of silks; Empire Case Goods Co., Inc., Jamestown, manufacturers of furniture; Lumber Co., N. J., wholesale lumber dealers; O'Day Textile Mills, Inc.,, Fort Plain, N. ¥, manufacturers of knit cloth; Fairy Silk Mills, Shillington, Pa., manufac- turers of knit goods, and Manywash April 16.—James NN N. A Inc., Summit, Laundry Textiles, Inc., Philadelphia, Pa., manufacturers of laundry textiles. BELGIAN BONDS CALLED. NEW YORK, April 15 (#.—J. P. Morgan & Co. and Guaranty Trust Co. of New York, sinking fund ad- | ministrators, announced today the re- demption June 1 next of $495,500 of | Kingdom of Belgium external loan 7] per cent gold bonds, due in 1955. Of the total, $365,000 represents bonds held by the Belgian government, while the remaining $130,500 have been drawn by lot for redemption at 107%. The administrators reported $33,500 of the bonds previously called were atill unredeemed. s | United States Steel, Y% hed 1y 7% | July at 13.6° b 13 i | cember at 1: 14 | ern Texas the -1% 8% — % 15% - 4| .’ | Western Railroad, Few Specialties Able to Buck Trend. | Stock Averages 4T% — % | 18 15 60 Rails. Util Stks +.1 +.1 Unc. 46.1 464 1706 460 463 706 475 480 721 374 486 639 495 540 1753 378 4577 68.7 435 537 128 30 Indust. Net change. —.1 Today, noon 95.2 Prev. day.. 953 Month ago. 968 Year ago.. 84.7 1937 101.6 1937 928 1936 99.3 1936 734 302 434 55.7 1932 175 8.7 239 169 1929 146.9153.9 184.3 157.7 1927 51.€ 953 61.8 618 low... (Complled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financia! Writer. NEW YORK, April 15.—Steels led a dribbling decline in today's stock market and many of the leaders slippec ? | fractions to a point or more At the same time a few issues mostly specialties, managed to creep forward into new high ground, but losers were in the majority at the clos A bit depressing to buying forces was a sharp break in commodities follow- ing weakness in London. Wheat at Winnipeg fell the limit of 5 cents a bushel. Putures of rubber, copper cotton and other major staples backed | water. Most stock traders, brokers said found their sidelines seats comfort- able. They were inclined to do little either way pending Washington de- velopments, particularly publication of the President’s budget message to Congress early next week, The ticker tape loitered throughout the session. Volume picked up some- | what on the selling side near the fin- ish. Transfers were around 1,000,000 shares. Business news, especially initial | quarter statement of prominent com- | panies, was cheering, although the suggestion was advanced this may have been discounted to a considerable extent. The General Motors Canadian labor troubles cast a slight cloud on the i | | | .* | hopeful picture, but automotive issues kS were subjected to no unusual pressure In the backward column were Bethlehem, Re- public, Crucible, Chrysler, United States Rubber, Goodrich, Sears Roe- buck, Woolworth, North American, Anaconda, Kennecott, American Smelting, Seaboard Oil, Standard Oil of New Jersey, Johns-Manville, Amer- % | ican Can, Du Pont, Allied Chemical, s | Santa Fe, New York Central, Southern Pacific and Baltimore & Ohio. NEW YORK COTTON Bs the Assoclated Press NEW YORK, April 15.—Early sligl.t | rallies in cotton today met renewed liquidation and as other markets eased | commission house and European selling | increased carrying prices into new low ground for the movement. July eased 13.73 to 13.48 and in midafternoon sold at 13.50, when prices showed net losses of 11 to 18 points. New Orleans Prices. NEW ORLEANS. April 15 (P .—Cotton moved 2 lo 3 Points higner in quiet open | B Sdatirigs hive toa hie - advance was more to bring prices into line with the higher Liverpool quota- tions than any new domestic development The English market opened 6 to 10 points higher under active Bombay buying snd & good trade demand induced by a bul | American crop reb At New Orleans May opened st 137 De: Before. the end ot hour prices had eased a co: Aside from scattered showers ert in South- map_showed no in Temperatures fains in the cott on futures opened steady. %' 10.07b: September. 0. 005 b." b—Bid u. s. OFFICIALS OPEN BIDS ON LAST OF HIDES BY the Associated Press. Federal officials said today the Gov- ernment probably would get out of the hide business within the month. The Federal Surplus Commoditics 75 { Corp. opened today bids on the final | ot of more than 2,000,000 hides and skins acquired by the Government | through emergency livestock purchases after the 1934 drought. A spokesman for the commodities corporation said the Government ex- | pected to gross about $7,000,000 from | sale of the hides, but that warehouse | and other handling costs could not be | estimated accurately now. “ JOINS D. & R. G. BOARD NEW YORK, April 15 (#).—Dar S. Barrett, jr.,, of Cleveland, descr | a5 an associate of the late Van Swer- ingen brothers, has been elected a di- rector of the Denver & Rio Grande it was announced today. SHCTI . BREAD PRICE BOOSTED MEMPHIS, Tenn. April 15 (#).— The price of bread, for the last three | months ranging between 7!, and 10 . | cents a loaf, jumped to a 10-to-12-cent | range in Memphis today. % Bakers said sharp increases in the cost of flour necessitated hiking the price scale. U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Rate Maturity. t 15 & INVESTOR Can show you 25% net return on $18,500 equity in 15-unit apartment house, just off 16th Street. Statement on request. Call, write, or see Stanton T. Kolb J. LEO KOLB, INC. 1237 Wisconsin Ave. West 0002 BANK EARNINGS IMPROVE {|] Recentstatements war- (| rant immediate attention to BANK STOCKS Selling at low prices and offering unusually favor- able dividend returns. Recommendations on Request - G. J. CRAMER & CO. . DrvesTMENT Sacurrrine 10 Wall Street, New York, N. Y.