Evening Star Newspaper, April 15, 1937, Page 21

CURB LIST EASES INLIGHT TRADING Most Shares Are DJown Small Fractions Near Close of Session. B the Associated Press. NEW YORK, April 15.—A decline carried most stocks in the curb mar- ket down small fractions on light dealings today. Losses ranging to half a FINANCIAL, Stock and Dividend Rate. Aero Supply (B).. Axfa Ansco.___.. Alr Investors Inc.. Aluminum Ltd Alm Ltd e pf b13%. Am Afrlines. Inc Am Box B'od (1) Am CitP&L B a20e Am Cvnam B t60c Am Dist Tel NJ 5. Am Fork & H (11) Am G&E (1.40) Am G&E pf (6) Am Gen C'p (a50c) point 2 2 1 Ala Grt Sou (t3).. 28s Alum’n Co of Am._ 200s Alum Am pf &11% 100s 1508 2 2 13 1 in 268 3 ‘ 268 3 Am Hard Rub(a1) 250s thowed late in the session for United Wall Paper, United Light & Power “A," International Petroleum, Ameri- can Cyanamid “B,” Mesabi Iron and « Electric Bond & Share. Northern States Power “A” was off a point or s0 and Gulf Oil off nearly a point. Tubize Chatillon moved against the trend for a gain of more than 1. Youngstown Steel Door added about 1 and Wayne Pump was up a half or so. CHICAGO GRAIN BY the Associated Press. CHICAGO, April 15.—Late declines of Chicago wheat prices today carried the market down about 3 cents a bushel. Poor demand for wheat was reported both in Great Britain and in Eu- ropean continental countries. Indica- tions were that importing nations had completed their buying program, at least for the present. At the close, wheat in Chicago was 1% to 27 under yesterday's finish; May, 1347ga1.35: July, 122a1.225. Corn, 75 to 215 off; May, 1.24%81.25; July, 1.16%a%. Winnipeg May and July wheat fell the extreme limit allowed, 5 cents. WHEAT— Open May L35 1.3 July 3 Am Laun'y M 80c. Am L& T (11.20)_ Am Mtg Co (a3) .. Am Maracaibo Am Meter (b75¢) . Am Superpower Am Superpw 1st § Anchor Post F_ __ Angostura (t20c). Arcturus Radio T. Ark Nat Gt Ark Nat Gas (A)_. Art Met W (80c).. As30 Gas & Elec Ass0G& B (A). PP T O SN Fis bio Atl Coast Lali . Atlas Corp war _ Atlas Plyw'd(1%) Austin Stiver Auto Product Avery (B F) & Son Babcox & Wil (4). Bardstown Dist__. Barium Stain Stl_. Bellanca Afreraft. Bell Tel of Can(6) Berkey&Gay F Co Berk&GF pur war Bilss Co (E W) Blue Ridge (blic) Blue Ridge cv pf 3 Blumenthal § Bohack (H C) Botany Cons (d) ... Bower Roll B (2)_ Bowman-Biltmore Bowmn-Bilt 2d pf. Brazil TL&P ¢ Breeze C IncaTic. Brid'p't Mch b2se. Brill Corp (A) .- Brill Corp (B) Brill Corp pf Brit Celan Ltdres 1 Brown Co pf . Brown F&W blfs. 1 Buff Niag&E 1st 5 50s s e g B eSO eE Ao g Crexwn—SarE ~man 9 2 eptember BARLEY- 15.05 16.05 16.02 Chicago Cash Market, Cash wheat: No. 1, 1. mixed, 1.39; corn: 1.33; No. 3, yellow, * white, 1.35-1.35'4: 5534-56; No. 3, white, beans: No. 2, yellow, barley: feed, 7 timothy seed, 27.00-33.00. No. 3, 1.76 4.50-5.00; Baltimore Quotations. BALTIMORE. brll 15 (P —-Whsst d domestic, Winte licky, "1.f spot, i April, Winniper Prices. WINNIPEG. April 15 at principal markets toda WHEAT: July . October OATS— May CURB BONDS DOMESTIC B! Ala Power 4’ s 97 101 : 10K% 1063 104 Georaia Pw 5¢ 67 uR Glen Alden k Wat 55 { et o adront = 3 FEt HEH 3352350t B8nace 3333 ELER 2832 hard, 1.4114: No. 1.33-1.35'4; No. 3, oats: No. 2, 5414-55; 2-1.76% ; malting, 1.00-1.27 clover seed, (#).—Grain range : s 077 1210002 063 Can Car&Fdry pf Can Hydr E 1st pf. Can Marconi__. Carib Syndicate Carnation Co (1) .. Carnegie Metals Carrier Corp __ Catlin Corp (a4fc) Cent Ohio S b25c Cent P& Lt 7% pf (b3.063%) _ Cent & 8 W Util Cent States Elec _ Cent St 119, pt Centrif Pipe t40c Chesebrough (t4) Chi Flex Shaft (4) Chief Consol Childs Co pf_ Cities Servie: Citios Service p: Citles Sve nfiBB) City Auto S(t60¢) Clark Con (h50c)_ Claude Neon Lts_. Clev Tractor. Colon Dev Lt Colon Dev Ltd A _. Colon Dev 6% pf_. Colo Fuel&Ir war_ Colum O & G a20ec. Comwlth Edis t4 Com'wlith & 8 wa: Com'u’ty P&L 1st. ComSM ste vte t1. Cons Afrcraft Consol Biscuit 60c Consol Copper C GELt&P Bo 350 Cons Mir&Sm 12 Consol Steel Corp. Cont’l Roll & § Fv Cook P & Var t60c Copper Range ___ Cord Corp Cosden Oil Me (fl) Cosden(Me)nf(d) Courtl'ds b25 1-10¢ Creole Pe (a5ue)_ Crocker-Wh allc. Croft Brewing. _. Crown Cent P abc Crown C I(A)b50e Crown Dr (b20e) - Crown Drug pf 1% Cusi Mex Mining Dayton Rubber .. mixed, white, S0y No. Prev Dennison 7% pf - Derby Ofl & Ref _ Derby O&R pfad_. Detroit Gasket t1. Det Pap Prod t25c Diamond Shoe(12) Domin S&C (B) Douglas(W L)pf_. Dow Chem (2.40) . Driver Harris 134. Duke Power (3) _. | Duro Test (b10c) .. Eagle Pitcher bl0e 9634 JIM’ it | Bast GEF pot 434 East'n States Pwr East'n St Pw (B) Easy W M(B)b2ie Edison Bros Str__. Eisler Elec (abc) Blec Bond & Share Klec B & S pf (6) _ Elec Shareholding Electrol Inc v.t.c._ Equity Corpta25c) Evans Wall Lead Evans Wall L pf _ Excello Air(b20c). Falstaff Brewing. Ferro Enam b25c._.. Fidelio Brewery. Fisk Rubber. __. Fisk Rub pt (8) Ford (Can) A (l) Froedt G&M(20c) Gen Alloys Gen E1 Ltd a56%0 Gen Fireprfg b2ic (Gen Invest Corn Gen Public Servic Gen Tele C'p al.35 Gen Tire & Rub Glen Alden C (11) Gorham M{ vte t1 Grand Natl Films. Greenfleld T& D._.. Groo Store Prod._. Guardian Invest__ Gulf Oil (Pa) b2ke Harvard Brewery. Hazeltine Cb75¢__ Hearn Dep S bl.65 Hecla Min (b20¢). Helena Rubenst'n. Helena Rub (A) 1. Heyden Ch (12) __. Hires (CE)A(2) .. Hollinger (t65c) - florn & Har pf(5) Hudson BM&S (1) Humble Ofl (1%). MP&L6% L. _. Imp Of] Ltd t50c Imp Oil reg (150c) Indus Fin vte Indus Fin 7% pf Intl Hold&Inv Ltd Intl Petrolm t1%_ int] Products. intl Util (A).. intl Uth: (B) Interst H M 23 _. int) Vitamin(50c) Iron Fire vto 1.20. 528 108 9 3 1 24 8 ‘ Celanese 1st pf t7.1754 5 508 1 268 4 508 508 80 22 5 1508 268 7 1 Dayton Rub A (b2)250s 108 46 258 2 2 508 9 ' 18008 8214 12} 10839 27 7% 213 1008 35 1 4 268 1 4 Estn G&F Aspf 3 100s 258 Froedt't cv pf 1.20 1008 1 1 3 1 Gen Ou Ad pf b1% 50s 1 2 4 Gen T&R pf A (6) 508 Georgis Pw pf (6) 12bs 1 4 Ll Grt A&PTn v 16_110s 608 111 Pwr & Lt §6 pf 2008 4 8 1 508 wn-gm L . P bl M, = max. mnh msl’. PO Buen A Prv u 62 B4ly B4Y, 30 B DRe e (o1D)—Stamped. Negotiability impaired by matm tOompanies reported in receivershi Jacobs(FL)Cot1) Jeanette Glss as0c Jer Cent PAL pf 7 Jones&Laugh 8tl. Kingsbury Brew.. Kingston Prod 400 Kirby Petrol (30c) Kirkland L G (6e) 14335 3735 6934 < 28 48y 6615 54 10 1 21 3 21% 7835 % LY 2% 2 31 2434 403 % 12734 12134 27 21 233 23% 515 a3 S04 2034 126 126% 21 86% 36% 110% 1054 23 30% 20 ) 174 43 14 “5 THE EVENING STAR, WASHINGTON, D. C., THURSDAY, APRIL 15, 1937 2:30 Stockand Bales— Dividend Rate. Add 00. Knott Corp (b10c) 1 Koppers pf (6) .__ 100s Kreuger Brew t1. 2 LakeSh M (t4)_.. & Leh Coal &N 30c.. 26 eonard Ofl . 27 Lion O1] Ref (1 Lit Brothern . ___. Locke St1 Ch t80c.. Lockheed Afrcraft Lone Star Gas 80c. Long Lsland Ltg Loudon Packing. La Land (40e) Lucky Tiger t12 Lynch Corp (12) Mangel Stores Massey Harris___. Master Elec (1) NEW YORK CURB MARKET By private wire direct to the Star. 2:30 Sales— Add 00. High. Low. Clase. 124§ 1234 1234 108)4 10834 10835 17 18% 17 521{ 52l5 B2lf ) 14 B 14 24 204 6 17 1384 104 4% g 18y 134 “ 1334 4% a3 13% 134 40 8% 18% Mem Nat G(ab0e). Merc Stores (b3) .. Mesabi Iron Mich Bumper C._. Mich Gas & Of1 _ Mich St1 T P b25e. Mid Sta Pet (A) . Mid Sta Pet (B) _ Mid-W Abrasallo Midwest Ofl (11)_. Mining Co (Can) .. Miss Riv F pf (6)- Molybdenum Corp Moore Dist (150c). Nat Baking Co._.... Nat Bella He; Nat Contain a50c. Nat Fuel Gas (1)_. Nat Gyps A a2% . Nat Rub Mch a20e Nat Service Nat Sugar N J (2) NeptuneM(A)a60o New M&A ldalc. New Process (12). N Y Merch (80c) N Y Water Sve pf. Niag Hud Pwr new Niag Hud 18t (6) Niag Sh Md B a60e Niles Bm Pnd b50e Nipissing (50c) ... Noma Elec (b40c) No Am Ray A b50c No Am Ray B b50c North'n Europ O No IPS 6% pf b75c Northern P L T5e.. North States P A Northwest En b50e Ohio Brass B (t1). Ohto Ofl cu pf (6). Ohio Pwr pf (6) Of11 Stks Ltd t40c.. Okla Nat Gas Co Okla Nat Gas pf. Oldetyme Distil Pac G&E 1st (13%) DM AMN IR A® HHSHNATANO =5 z = 2 z B AN O MANNT NS NMNNNRONNN S 958 - 3 oS Pac Tin spec (12)_ Pan-Am Afr (1) Pantepec O11 Parker Pen (2) . Pennroad (a2be) Penna P&L pf (7).1508 Penna Salt (b1%) 768 Penn Wat & P (4) 1 Pevperell Mfg +6 250s Phila El Pw pf (2) 258 Phoenix Spf A(3) 1 Pioneer Gold bloc. 18 Pitney Bow(t40c) 1 Pittsbgh Forging. 2 Pitts& LE b2% __ 20s Pitts Plate G (b1) 1 Potrero Susar 2 Powdrell&Al t60c Pwr C'p(Can)albe Premier Gold t120 Producers Corp.__. Prosperitv Baly Pub Sv Okla pl(6) Pug Sd P&L pf b5 Pug Sd P&L $6 pf. Reiter-Foster _ 2 2 2 108 508 258 3 1 Root Petrolm (1) _. Rossta Intl Corp_. Royal Type b7se_. Rustless Ir&Stl 1 Rverson & Hayne: Saf Car H&ELt b1 60s St Anthony Gola . 11 St Lawrence Corp. 1 St Rexis Paper 86 Schiff(The)Co(t3) 2 Scovill Mfg (b50c)100a Segal Lock & H .. 2 Seiberling Rubber 1 Selby Shoe (2) . Bow Selected indus 6 Sel Ind all cfs 6% 1508 Sel Ind pr pf (5% )100s 1 4 1 2 4« % ! Select Indus cv | | Sent Saf Control . 1 Seversky Afrcraft Shattuck Den Min Sherwin Will (4)_ Simmons H4 & P_ H 4 1508 2 | Singer Mfg (16) __ 30a Solar Mfg (a40c). 1 Soss Mfg (a25c).. 1 Southn Unifon Gas Southl'd Roy bl0¢ Southwest P L(2) Spencer Ch S b75¢ Square D pf A 2.20 Stand Oil Ky (t1) Stand Oil Neb b25¢ Stand Oil Ohto t1. Stand Pwr & Lt Stand Prod (b25¢) Stand S11&Ld (4c) Starrett Corp vtc_ Sterl Alum Pa 75e. Sterling, [nc(20c) Stetson(JB)b50c.. Stroock & Coa2% Stutz Motor.__ Sunray Of] (a10c). Sunshine Min (3). Superior Port C B. TaggartCorp . Tastyeast(Del)A. Taylor Dist (30c). Technicolor a50e . Tech Hughes t40c Tex P& Lpf (7) . Thew Shovel a50c. Tilo Roof Inc (1)~ ‘Todd Shipyd (t2)_ Tonopah M (aée). Tr-Lux DPS +20c.. Transwest Oil Co_. Tri-Contl C war__. Tubize Chatillion. Tubize Ch A (b1). Cung-Sol Lamp n_ Tung-Sol L pf 80c. Unexcelled Mfg _. Un G of Can a35c-. Unit Gas Corp United G Cpf b1% Unit Lt & Pw (A). Unit Lt & Pw ptf Unit Ehipyds B Unit 8hoe M 1234 Z200 U S Foil (B) (1) U S & Int] Secur US&IS 1st pf2b214 U S Lines pf U 8 Radiator . U S Rub R‘clum Unit Verde Ex (1) Unit Wall Paper _ Univ Corp'n v.t.c.. Utica G&E pf (7) - Utilities P & L (4) UtilP&L B (d) .- Utll P& L pf (d)-.150, Utllity Equities. Valspar vtc. _ Valspar pf vtc. ‘Van Nor Ma b40c Venezuela Petrol_. Walker Mining Wayne Knit Mill ‘Wayne Pump (500 Well't'n Ofl of Del W Va Coal & Coke Westn A E (a26c). Western Auto Sup Wil-low Cafeteria ‘Wilson Jones bllg Wolverine Port C Wolver Tube b20c. Woodley Pet t40c_ Wright Harg 140c ¥gstn Stl Door(2) Yukon Gold(al3c) » 2o aNunEaTanNoRNN mN oS 304 Fundruifnse I T Y VPR - & 2 5% 8234 554 161 164 10 ey 7 : § “ o 3y 8y Dividend rates in dollars based on lest quarterly or semi-annual payment. including_ extras a Paid nual rate—not cumulated dividends b Paid this vear. d Com being tn bankruptcy or being reorganized under pan! tAn- tAc st year. nies rted a8 Sece, ruptey -ct‘zr securities assumed by such com- CENTRAL CALLS BONDS. | May 28 i $9,730,000 was appropriated late last | NEW YORK, April 15 (#)—Direc- tors of New York Central Railroad authorized yesterday calling for re- demption July 1 of $22,988,000 of “Big 4” reries “D” refunding 8 per cent bonds at 105 and $1,052,600 of series “C” 6 per cent bonds st 103. TIDE WATER NETS $1017.328 PROFIT Associated O0il Co. Total Compares With Only $7,- 865,701 in 1935. By the Associated Press. NEW YORK, April 15.—Tide Water Associated Oil Co. reported for 1936 consolidated net income of $10,217,928, equal after preferred dividends to $1.11 & share on the average number of common shares outstanding. This compares with $7,865,701, or 73 cents a share on the average outstand- ing common shares in 1935. In his report to stockholders, Wil- liam F. Humphrey, president, outlined the company’s program for simplifying its capital structure by merging sub- sidiary units into the parent company. He also stressed the concern’s success in refinancing certain of its obliga~ tions on a lower cost basis. Standard of Indiana. Standard Ofl Co. of Indiana reported substantial gains in all branches of ite business in 1936, with results gen- erally better than for any year since 1929. Net profit of $46,883,448 was equal to $3.09 a share on the capital stock after consideration was given minority interests. This. compared with $30,~ 179,895, or $1.98 a share, in 1935. Edward G. Seubert, president, said the increase resulted from larger sales under better price conditions. He reported Standard of Indiana companies spent about $50,000,000 during the year on additional produc- ing facilities, drilling of wells, con- struction of pipe lines and the like. Tri-Continental Corp. Tri-Continental Corp., an invest- ment company, reported as of March 31 net assets of $59,428,509, equal to $1347 a share of common stock. As of December 31 1936, net assets were equivalent to $12.89 a share of com= mon stock. Income for the quarter from interest, dividends and other sources was $346,310, in addition to | net profits on sales of securities of $1,047,548. Libbey-Owens-Ford. Net earnings of $2,020985, or 80 cents a share, were reported by Libbey- Owens-Ford Glass Co. for the first quarter of 1937, as compared with $1,- 996,968, or 79 cents a share, in the like period last year. Directors de- clared a dividend of 75 cents a share, payable June 15, to hoiders of record The annual report said that | year for improvement of plants and | acquisition of new processes. | Rustless Iron & Steel, Rustless Iron & Steel Corp. reported today its first quarter net earnings | were 216 per cent greater than for the | same period last year and the largest of any quarter in its history. After tax deductions the earnings totaled $171,012, equal to 20 cents on each share of outstanding common stock. Unfilled orders were reported the largest in the firm's history. Mid-Continent Petroleum. Mid-Continent Petroleum Corp. and subsidiaries earned net income in 1936 of $4.777,578, equal to $2.57 a share on the common stock, against $2,417,- 175, or $1.31 a share, in 1935. The company operates chiefly in South- western and Midwestern States, BUILDING RISES SHARPLY IN MARCH Total for 215 Cities Hits $121,- 102,610, According to Dun & Bradstreet. Spectal Dispatch to The Star. NEW YORK, April 15.—Continuing the sharp upward movement shown in February, the building industry, as measured by the value of permits is- sued in 215 cities of the United States, showed further marked improvements during March. The total for the month just passed reached $121,102,610, exceeding all rec- ords for March since 1931 and the largest monthly figure reported since May of that year, according to Dun | & Bradstreet, Inc. The increase over the February permit volume of $85,784,414 amount- ed to 41.2 per cent, as against a sea- sonally expected rise for the period of about 52.0 per cent. Last month's figure contrasted with $78,072,223 for | March, 1936, or a gain of 55.1 per cent. March building permits for New York City were equal to $35871,602, an increase of 17.2 per cent above the large total reported in February and a gain of 143.8 per cent, as compared with March a year ago. The 214 cities outside of New York | had an aggregate building volume of $85,231,008 last month, representing an increase of 54.5 per cent over the previous month, and of 34.4 per cent above the corresponding month last year. SHORT-TERM SECURITIES. (Reported by Chas. D. Barnes & G Amer Tel & Tel 555 1043 Chesapeake & Ohio 55 1 Edison Elec T 45 1313 b Bve 5! AR 3'5na Houston O} Rl valey Com 83 163k Lehigh Val Term Ry 55 1941 uisville & Nash 4s 1940 }\flcmun Central 45 1940 d RR of N 1 F RN S 5E05135555300 2050055550 B53238R3IFnd3 2R 30UAIS CHIA(.JAGO LIVE STOCK. CHICAGO. April 15 (® (United States Department ' of Agriculture). —Hogs. 10.- 000, including 4.000 direct; m;rkrk an even. 10a25 higher than Wedi average: packing sows 10a15 hlsher Uik g00d and choice_ 200-300 5. 10.00a 10.20: top. 10 omparable to 150-190 Dotinds, h 5081(.10; MOS §00a packing sows. $.40a9.65: few best lightweight on butcher ‘orders. §.75a0.85 )0 1.500: fed steer Cattle. 3.50 Ives. and vearlings 15a25 higher: medium_to 200d grade showing most_advance. but common. as well as very meager supply. choice offerings showing upturns: light yearlings. both ' sicers and heiferi, con- tinue fn mand: cCows firm: bulls fully steady vulen 23 m'hir Sy k but ight cattle strong to higher: siockers eeders continue d\lll due u weat! e usage 8.7 . momy .50 on | Gavital | American ! firm. demand ~fair . mlw"fmer Average Amount Spent at Department Stores by the Families of Each State Per Family Expenditures at Department Stores in 1935 ; 3 ¢ FINANC(AL kkkx A_2] q $199 st ez 7z “‘“H ,‘ i1 Average United States $11044 $87 Boston . ... .$51592 37 Pittsburgh ... 471.84 Washington . 399.45 Chicago .. . 399.10 Baltimore 33626 Philadelphia . 32876 Cleveland 29548 Los Angeles.. 249.61 Detroit .. Milwaukes St. Louis Buffalo ... . . San Francisco. 209.42 New York... .. 17466 RETAILERS REPORT COLLEGTIONGAINS Credit Sales and Total Vol- umes Also Well Above Year Ago. BY the Associated Press. ST. LOUIS, April 15.—The National Retail Credit Association said today 12,926 retail stores in 40 cities reported | increases in March, as compared with March, 1936, averaging 6.2 per cent in collections, 12.3 per cent in credit sales and 13.4 per cent in total sales. Thirty-four cities reported increases in collections, two reported no change and four had decreases, according to the monthly analysis. The greatest increase was 32.5 per cent at Pampa, Tex.; the greatest decrease 5 per cent at Reading, Pa. No cities reported decreases in credit sales, although five of the 40 recorded no change. The greatest increase was 40 per cent at Charleston, W. Va. | Thirty-six cities reported increases | in total sales, Charleston leading with 48 per cent Three cities had no change, and one, Vancouver, Wash., reported a decrease of 3 per cent. The association attributed the gen- eral increases to higher wages, an early Easter, intensive collection efforts by merchants, higher prices products and the extra business day in March this year. Strikes, however, tended to slow collections and credit | sales in some sections of the country, the report added. Washmgton Exchange SALES. Riggs National Bank com.—10 at 325. AFTER CALL. Real Estate Mortgage & Guaranty pfd. —100 at 514, 100 at 5!4, 100 at 51, 100 at 514, 100 at 5'4 Washington Gas 5s, 1958—8$1.000 at 106, $1,000 at 106, $1,000 at 1086. BONDS. Bid and Asked Prices. PUBLIC UTILITY Asked. T Bid A Z CU% P Tei of Va 55 Cap. Traction R. R. 58_ City & Suburban 5s Georgetown_Gas st Pot. Elec. Pow. 3les_ Wash. Gas 5s 195K Wash. Gas Bs 1960 Wash. Rwy. & Elec. 4x MISCELLANEOUS, Country Club 5'3s M. Cold Btorage 5s Col. Ww. STOCKS. PUBLIC UTILITY. Tel. & Tel. (9) Transit Co. & W. Bteamboat (6) 67 Amer. 1. com. (15 Wash. Ry, & El. pfd. (5 BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (eR) Bank of Bethesda (h.75) Capital (4) Com. & Savings (10) Liberty (4) Lincoin 116.25) Natl. Sav. & Tr. Pr. Georzes Bk. & Tr. (.30) | Riggs (eR) Riggs pld. (5) _ Washingion 8 ash. Loan & Trust (%) FIRE INSURANCE. Corcoran (5) Firemen's (1.80) National Union (.60)° TITLE INSURANCE. Columbia (.30) 15 Real Estate (6) 150 MISCELLANEOUS, Carpel Corp. (2.00) Lanston Monotype (14) Mergenthaler Lino. (2.00) Peoples Dr. & com. (41,001 Sagi Sowzis FEEECIeE St Est. pf_( Security Storage (5) Ter. Ref. & Wh. Oorp Wiwd & Toth Gom Wdwd. & Loth. pfd. *Ex-dividend, fPlus extras. CHICAGO PRODUCE. CHICAGO. April 15 (®.—Poultry. live, 17 “trucks. steady. Hens ns dlxcks 4 Doufldl ufl 17%, small. white and 14: “Capons. ‘not atoted. firm. creamery lr!ctlll extras (92) PRl £ 90 centralized cariots), steady, prices un- on track, 213: total U. S. : old stock. Idaho Russets, cobblers weaker, de- mand very slow. other stock about steady: demand slow: sacked per hundredweight. Idaho Rugset Burbanks. U_ 8, No. 1. 2.80- 85: mostly 2.60-75: U. No. 2. Colorado Red McClures, U. 8. No. sales. 2.70: Russet Burbanks. Maine Green Mountains, U, L_ 2.5 isconsin _round unclassified, 40; Michigan ; Minne- and partly turkeys. 15; white and_colored. Potatoes, £1: shipments, 842 s Cnm Russet. Rurals. sota _Cobblers. graded. very few sales North Dakota Bliss rriumphe. U 1 and partly kraded. 2.30 ew stock. firm: supplies rather liberal: demand slower; track sales, garlots. per hgndred'u:h T} 5. No P00 Mates. 43 reet sales. bushfl Srute, Florida ‘Boauiding Rose, U, 8. . few sales. 1.75-85 a crate. i National Enameling & Stamping Co.—Business of company for first quarter is between 12 per cent and 15 per cent ahead of like 1936 period; unfilled orders at the end of first quarter were somewhat too high be- eause of uncertain conditions in com- modmy prices and wages, president said. No. 2.00: No for farm | Texas Bliss | BALDWIN ORDERS SOAR FAR ABOVE 1936 LEVEL By the Associated Press. PHILADELPHIA, April 15—The dollar value of orders taken in March by the Baldwin Locomotive Works and subsidiary companies, including the Midvale Co., was announced today as $6,019,215, as compared with $1,675,- 249 for March, 1936. On March 31 consoidated unfilled orders, including Midvale, amounted to $33,181,836, as compared with $30,- 531,416 on January 1, 1937, and with $9,868,856 on March 31, 1936. All figures are without inter-company eliminations. e INVESTING COMPANIES NEW YORK. April 15 (P .—New York Secunity Penlers’ Association b (Noon quotations. ) Admin Fd ond Inc Am Business Shrs Am ‘Gen Eq Inc Am T ! orp Tr ‘Accum_ Ser (orv Tr Acc Mod Cumulative Tr 8h H)rnui Bk Sh N Y “A" | Depos Ins Shrs ~a | Depos Ins Shrs “B* Diversified Tr C Dividend_ Shrs Equity Corp %3 | Fidelity Pund Inc First Boston Corp * | Fixed Trust sh A Fixed Trust 8h B.__ | Eound Tr s Fund Ir rs Inc_ Fund Tr Shrs A.._ {Fund Tr Shrs BIIl: | Gen Investors Tr Group Sec Agriculture Group Sec Automobile Group Sec Building Group Sec_Chemical Group Sec Food Group Sec Invest Shrs. Group Bec Group Se Group Group Bec Group Sec Stee Group Sec Tobacco _ Huron Holding Incorp Investors 2 Insurance Group 8hrs Investors Fd “C" Inc Kevston Cust, Pund B-3 Major 8hrs Ce Maryland | Mass Inves pt ng = B/c Petroleum - c R R Equip o ation Wide Voting- ¥ Bk Tr Shrs Selected Cum Selected Income €h Spencer Trask Fund_ 2203333 Supervised Shrs Trustee Stand lnv Coas Trustee 8Stand ln\ D Trusteed Am Bk Thisteed fndustry 8ars Wellington Pund INSURANCE STOCKS NEW YORK April 15 (#.—New York Becurity Dealers' Association Aetna Cas (2a) Aetra Ins (1.60) | Aetna Life (&0a) Am Equit_(180a) Am Ins Newark Am Rei Am D izt 20 0 013D FLN3RRBIRLTS 8% Acked 4810 (an) | Balt Amer Caralina (208) (130 r Frank Fire (1 Gen Reinsur (¢ Glen Falls (160 Globe & Rep (80) Globe & Ruf Great ‘Amer (1a) Hanover ~ (1.60) Hartford Fire (2) Home Fire Sec Home Tns (1a) Homestead (1) - Lincoln_Fire Marylard Cas Mass Bond (3'3) Natl Fire (2) = Liberty (.208) Hampshire (1.60) N Y Fire (R0a) Nor River (1) Phoenix (2a) Prov Wash (1) St _Paul Fire (8) Springfeld Westchester a—Also extra or extras. &—Declared or paid so far this year. NEW YORK SUGAR. NEW YORK. April 15 (7 —Raw sugar was frm early today and spot prices un. Ch“’f at 3.45_ with buvers interested at this vel in prompt positions and at 347 for shipment. Nothing was offered To 1 'rn’é‘n‘ 5'\'5 i mn"s i W se %0 and Beptember to L The ktf at midday was holding flL or wnhln L pojnt of the best. fined was Unchanged at .80 for fine ted. with quiry re- BUILDING AND REFINANCING ° TERMS AS LOW AS $1.50 PER $/,000 PER MONTH PRUDENTIAL BUILDING ASSOCIATION 1331 @ 8t. MW, Suite 30458 Dist. 8378 Hoe & Co. Board Is Named After Election Contest By the Associated Press NEW YORK, April 15—R. Hoe & Co., Inc., printing press manufacturers, announced yesterday the election of six directors representing the prior preferred stock and five to represent the class “A” stock. The election followed a contest be- tween an independent proxy committee and a mangement group which kept the annual stockholders’ meeting in session from 11 o'clock Tuesday morning to 3 morning. Directors representing preferred are Maxwell Robert J. Lewis, Clifton N. Bradley, Harold M. Tillinghast, Neil P. Cullom and Prederick M. Schlater. Represent- ing the class “A" stock are Fred L. McCarty, president; Allen W. Lishawa, secretary and treasurer; John T. Har- rison, E. D. Timberlake and Richard Kelly. are new members. the prior RUBBER CONSUMPTION UP. NEW YORK, April 15 (#).—Con- sumption of crude rubber by many- facturers in the United States in March was estimated at 52,938 long tons, compared with 50,282 in Feb- ruary and 42703 in March, 1936, the Rubber Manufacturers’ Associa- | tion announced. Imports in March were put at 52.039 long tons, againat | best in its history. o'clock yesterday | M. Upson, | Cullom, Schiater and Lishawa | OPTINISM RULES ANNUAL MEETINGS National Lead Chairman Sees Best Earnings in Many Years. By the Associated Press. NEW YORK, April 15.—Optimistic | earnings estimates were the keynote of reports by corporation executives to | stockholders at annual meetings today. Edward J. Cornish, chairman of Na- tional Lead Co., asserted the company was making a better showing this year than for many years and possibly the He said, however, in view of the company's policy never to raise dividends until directors could see the ability to maintain the higher rate, he could not promise an inereased disbursement Pirst quarter business of National Dairy Co., Thomas McInerney, presi- dent, reported, was materially ahead of last year, but he warned “the showing was unusual and I cannot hope that we will continue at this rate for the next nine months.” Should the in=~ crease continue, he said the company would have to pay a higher dividend. Stockholders approved a proposal to increase authorized shares to 8,000,000 from 17,000,000 p Earnings of United States Industrial Alcohol Co. for the first quarter were estimated at between 30 and 35 cents a share of common stock, Charles E. Adams, chairman, said B. L. Kraus, attorney for Bowman- Biltmore Hotel Corp., told stockholders | accumulated and current interest of approximately $102,000 on the Bow- | Bilt Bondholders Corp. notes would be paid this year. Discussing operations, | he said, “I think the stockholders will be more than surprised at the result of next year's operations.” At a meeting in Pittsburgh, atock- | holders of the Pittsburgh Screw &s | Bolt Co. were told first-quarter earn« ings were approximately 36 cents a | common share, compared with 12 cents last year.™ William A. Costin, chair- man, said second-quarter prospects | were bright. Stockholders approved a bond issue of $2.205.000 for redemption of the 512 per cent sinking fund bonds due in 1947. The new issue will not be offered publicly. Shell Union Oil Corp. stockholders approved changes in the by-laws elim- inating the office of vice chairman and making election of an executive committee permissible instead of mane datory. MflWEY MABKET NEW Y( K Apr steady cial paper A0 to 980 4 158 monthr Der cent. bankers acceptances unchanged. rediscourt rate, New York Reserve Bank. | 192 per cent 43,289 in February and 37451 in March, 1936. ver easy, off 1, at 45%. STOCKS — BONDS — COMMODITIES Our facilities for executing orders in Security and Commodity Markets include Direct Private Wires to each of our offices and to the prncipsl markets AUCHINCLOSS, PARKER & REDPATH 719 Fifteenth Street, Washington Members Nrv Your Sroce Excwawcn Niw Yoax Corrow Excuawes N Y Cuns Excuawor(Asoc ) New Yeax Prosues Excuancs New York Baltimore % For Safety of Principal % For Assurance of Cwuicaso Boarn or Taars Cnicace Mracanrins Excuanes Coumonirr Excxawar. Inc Wakincrou Srock Ezcxawes Philsdelphis 5 % Income FIRST MORTGAGE NOTES * ELECTED properties and conservative appraisals combine to make these First Mortgage ! nearby Maryland class offerings we otes on District of Columbia and homes one of the highest have ever sponsored. Denominations from 5250 Up Real 1505 H St. N.W. Estate National 2345 Members of Washington Real Estate Board LONG TERM Mortgage Loans Monthly $6.60 on 5% b Payments of each $1,000 borrowed, include interest and pay off loan in 20 years. ® Interest tharged only on unpaid balance of principal. ® Amount loaned—up to 6623 of appraised value. ® Valuable prepayment privi- leges. Other plu{: of financing first mortgage loans available H. L. RUST COMPANY 2001 Rifteenth Sc. NAtional 8100