Evening Star Newspaper, April 16, 1937, Page 17

CHANGES SLIGHT ON BOND MARKET Gains and Losses About Evenly Divided—Rails Improve Further. Bond Averages walls mdust. Ol P +.1 +.1Unc. +.1 9411029 99.7 T1.3 94.0102.8 99.7 71.2 94.8103.21001 724 92.2102.4 101.6 69.6 99.0 104.4 102.8 74.7 9291024 994 70.8 98.2104.4103.1 73.0 86.9101.8 99.3 67.6 458 400 646 422 high.. 101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon ....1089 Prev. day- 109.0 Month ago 109.4 Year ago.111.6 1937 high. 113.7 1937 low. 108.4 1936 high. 1135 1936 low..110.2 1928 high. 104.4 1932 low.. 8638 Net change- Today, noon Prev. day___ Month ago- Year 1937 1937 1936 1936 1932 1928 (Complled by thie Associated Press.) By the Associated Press. NEW YORK, April 16.—The bond market moved along in a narrow rut today with gains and losses about | evenly divided. Fractional improvement was regis- tered by Alleghany Stamped 5s of 1950, Chesapeake Corp. 5s, Consolidated Edison 3Ys, International Telephone 5s, Missouri-Kansas-Texas 5s, Sheli Union Oil 3!5s and Union Pacific 31¢s. Edging a trifle lower on small turn- over were American Telephone 31;s, North Western 4%s, Illinois Central 43,s, International Paper 5s, Southern Pacific 4!,s and Walworth 4s. ‘The foreign list was steady and quiet with moderate gains in Cuban Public Works 5'.s and Polish 8s contrasting with slight declines in Argentine 6s and German 5'5s. The United States Government group was mixed. Somewhat higher were Treasury 215, the 234s of 1947 and the 3%s of 1956. The 27gs and the 3%gs of 1943 were off around 5/32s and 7/32s of a point respectively. INVESTING COMPANIES NEW YORK. April 18 (#.—New York | ¢ security Dealers’ Association: (Noon Quotations.) Admin Fd 2nd Irfc Am Business Shrs__ Am Gen Eq Inc Am Ins Stocks_ Basic. Industry Broad St_Inv Bullock” Fund ~~_277_ Corporate Trust - "~ rust A°AC Bepos BE Sn N ¥ A Depos Ins Shrs A Depos Ins Shrs B Diversified Tr C en Investors Tr. Sroup Sec Agriculture Group Sec Automobile Sroup Sec Building roup Sec Chemical Sroup Sec Food_ = Group Sec Invest Shrs Group Sec Merchandi Group Sec Mining_ Group Sec Petrolewt Group R R Group Groun Sec Stedt L0 Sec Tobecco - Huron Holding _ ncorp Investors nsurance Group Shi nvestors Fd C Inc___ _ eyston_Cust Fund B~ Major Shrs Corp_ Maryland Pund Y Bk Tr_Shr = Nonn Am Bnnd T cifs- Nor Am Tr Sh 1 Plymouth Fund Inc 12 Quarterly Income Sh Selected Am Sh Selected Am Sh inc Belected Cumul Sh Selected Income Sh Spencer Trask Fund Am Tr Shrs of Am Tr AA f Am Tr T of Am 5 BE of Am Tr © of Am Tr D BuBerfeed Msnrs Trustee Stand Inv C ‘Trustee Stand Inv D_ Trusteed Am Bk B Trusteed Industry Shrs_ Wellington Fund - DIVIDENDS ANNOUNCED NEW YORK. April 18 P —Dividends | declared (prepared by the Standard Sta- tistics Corp.): Increased Pe- Stk Rate riod. Reco; loc - 4-15 Extra. ¢ Stock. Imperial Paper & Color Corp.. gent. 1937, able King 0il 5. N Y Fire Ins Deferred, York Railways 5 pc pf. Regular. $1.40 pf Asbestos M[Y 4 nves| Brookmire Bunte Bros 5% pf Coast Breweries - De Mets Inc £2.20° pf_55¢ Faber. Coe & Gregg-_p0c Faper. Coe & Gt W Blec-chem Horne (Joseph) i Int Hatvest 5% Bis Natl Pow & Lt Btein (A) & CoZ s K e Phila Sub Water pf Behoellkopf Hutton & M 5%’ ptc pf $1 CHICAGO PRODUCE. CHICAGO. April 16 (&, trucks; hens easy s, over 5 pounds. 18%: 3 a Leghorn hens 17 fryers. colored, Plymouth Rock. small. white and colored prices un- toes, 8. shiomente, 919: old_ stock, Idate Russers barely steady: other stock slightly weaker; supplies moderate, demand slow: sacked per Idaho Russet Burbanks. U. S. No. 1, : Colorado Red McClures. U. S. No. 35w salen. 2.70:90; Maine, Green Moun- tains U. S, v sales, 2.30; Shiein ound. White, D 8 No reported: U. S. Commercial. 1.8; classified, 1°80: North Dakota and Minne- sota_ Early Ohios. U. No. 1 and partly STovicn. 1ow salse. 585 80, Michian s set Rurals. fair quality, 1 Cobblers. certified seed. weak. supplies liberal. demand very slow: track sales. carlots. sacked per cwt., Texas Bliss Triumphs, 1. fine qu'lhu R PR STRE TR Bliss Triumphs, U: §. No. 1. BOSTON WOOL MARKET. BOSTON. April 16 (. (United States Department of Agriculture).—Trade Vool on the Bostor market was light today: Limited auantities of original bas fné territory wools sold at firm prices. ‘Quotations - were ‘strong o Australian wools. Receibts of such wools at Boston have been much smaller during April in March nd offerings here wers ily reduced mill deman ere "was a_scattered demand for a few .grades of South American wools at about steady to frmer prices. of Pay- | 2145 1949-63 2% 8 1945-47 e 3% 8 1948-51 -0 2%8 1951-64 2% 5 1956-59 . 2%s 1955-60 2%m8 1955-60 reg.. 381946-48 38 1951-55 %5 19464 3% s 1949-52 315194446 - 3%s 1940-43June 3% s 1941-43 Mar 3348 1943-47 [ 3%s 1946-56. 45 1944-64 414 8-31% 8194345 4Um1947-52 45 1947-52 reg 110, 381947 381949 102, 288 1939-49_ 381952 ADitib] Pa&Pw 6503 Agr Mtg Bk Col 8s *47 Febr coupon on Antloquia 3 78 '57_ Antioquta Ts Antloquia 7s Antioquia 7s" Antinquia 7s Argentine 4%s 71 Argentine { s 62 | Argentine 6s 57 A | Arrentine fs 58 B _C £9 Oct ‘60 Mav | Arzentine 6s ‘60 Sept Argentine 6s 61 Febr_ Australia 434856 Australia bs’ Australia 6s Austrian7s '57 Belgium 68 ‘56 Belgium 61549 Belgium 7s 65 Berlin Elcc 6%s ‘69, Brazil 6148 '26-'57 Brazil 6148'27-"57... Brazil 78’52 Brazil 88 41_ Buenos Alres %8348 PY ___ au-nns A 4%s'76 Aug Buenos A C 6860 Oct Bulgaria 78 ‘67 July cnapon oft Bulgaria T%s ‘68 May coupon off _ Canada 2148 Canada 33,8 '61_ Canada 48'60 Canada 6s'53 Chlle 63 '60 | Chile 68°61 Jan Chile 68 '61 Febr. Chile 6s 63 Chile Mtg Bk 6148 '67- Chile Mtg Bk 6% s 61. Chilean Mun L 750 Colombia 68 61 Jan Colombia 68 61 Oct Col Mtg Bk 6%5s'47 Covenhagen 135 '63_ penhagen 6s ‘62 Cordoba Cordoba 7s Cuba 63%s 45 Czechoslovakia 8s'52 Denmark %862 _ Denmark 5148 ‘55 Finland 63 45 Frankfort 61%s 53 French Gov 71 LK Ger Gov 5158 65 st Ger Gov 518 65 un st Ger Rep 7s '49 stpd___ Greek Gov 65 68 ttaly 78 51 Japan 535 '65._ Japan 64554 Kreug&Toll 65’59 cts_ Medelin 6% s ‘54 Mex 48 '10-'45 asst sm Mex 48 ‘54 asst___ Milan 63%s 52 MinasGers 614s ‘59 Sept coupon on ew So Wales 58 '58__ Norway 4 '63 Norway 48 '65.. Norway 6s 44 _ Nuremberg 6s '52_. | Oslo 4158 55 . | Oslo G & E55°63 Panama 58 63 stp as Paris Orl Ry 51 ‘68 | Per~ambnceo 78 47 Sept coupon off Peru 68 60 Peru 63 61 | Poland 6540 7stpd___ - | Poland 7s 47 - | Poland 8s ‘50 5 Porto Alegre 8s ‘61 June coupon oft Prussia 68'52 Prussia 6%s°'51_. Queensland 6847 Rhinelbe Un 7s ‘46 Rhine W E1 P 65 '52 Rhine W El P 6353 | Rhine W E1 P 7s°5 Rio ce Jan 6%8s 53 Aug couponoft _____ Rio de Jan 8s 46 April coupon oft ___ Rio Gr do Sul 68’68 June coupon off Rio Gr do Sul 7s ‘66 | Maycounonomr __ | Rio Gr do Sul 78 '67 June cnunon oft | Rome /1, Rumania 7s Aug coupon nfl | San Paulo C6%s '57 May coupon off Sao Paulo 8t 6868 July coupon off _. Sao Paulo St 7840 ___. Sao Paulo St 8s ‘50 July coupon off __ Serbs 7s ‘62 unm ¢ o Silesta Prov 7s ‘58 Sydney 53 s '55 _ Taiwan Elec §%8s 'T1.. Tokio 5852 Tokio 6%s 61. Ufigawa E P 7845 Un Stl Wks 6%s'51 A Un Stl Wk 63,5561 C__ Uruguav fs 60 Uruguay 65 64 Uruguay 8s 46 Warsaw 7s ‘58 -, Wuerttemberg 7s '56 Yokohoma fis Ala Grt South'n 4s 41 | AIb&Sus 3% s '46 gtd Alleg Corp b8 ‘44 Alleg Corp bs 49 Alleg Corp 68 °50 atp __ Alleg Valley 48 42 Allled Stores 41s '51_ Am & For Pw 60 2030 _ Am Icecvbs'63 __ Am IGChb%s 49_. Am Intl 6%5 49 Am Tel & Tel 3%s Am Tel & Tel 3% '66. AmT&T 4%s'39 AmT& T 5%s 43 Am Writ Paper 68°47_ Anglo-Chil Nit 78 67_. Anaconda deb 4%s ‘50 Ann A 13t ex in 45 '95_ Armour & Co 4%s 39 Armour( Del}1st 48’65 Armour & Co Del 45 87 Armstrong C'k 4s ‘50 A T&S Fe 45 09-'55 __ A T&S Feadj 4s 95 _ A T&S Fe adj 48 95 st A T&S Fe gen 4s 95 A T&S Fe 4%3 48 | A T&S Fe TSCL 4s 58 | Atl Coast L 18t ¢s ‘62 | Atl Coast L clt 4s 52 AtIC Lun4y B & O 18t 48 43 B&O4%s 60 Balto & O ref 53’95 A_ B&O6s 56 F B & O ref 6s 2000 D. B&Oref 68°'95C. B & O PLE&W V 48’41 B & O Swn 65 '50 Bang & Aroos.cv 48’51, Bell Tof Pabs ¢8B__ Beth Steel 3%s '66._. TREASU High. 97.20 101.22 100.7 99,26 99,24 10028 100.23 103.6 102,20 103,26 103.80 105.23 108.8 106.6 114.9 114.8Y 114.8 FEDERAL FARM MORTGAGE. 102. 101.21 101.18 101.21 HOME OWNERS' LOAN. 100.2 99.29 100. 101.10 101.4 FOREIGN BONDS. High. RY. 105, 105, 100, 100, 108, 102.] 108, 108, 105, 105.] .22 108, 110, 106.. 14 19 28 3 16 18 30 4 10 16 6 4 Low. Low, 2:55. 97.18 97.20 101,19 101,22 100.8 100.7 99.16 99.26 9918 9928 100.24 100.28 103,6 102,18 108.26 103.30 1068 105.16 105.16 10522 7 108.8 110, 105.6 149 1148 102, 101.10 2:55. 10744 106%% 10734 26% 18% 15 15 15% 15% s 1007 1013 1000 1017 102% 101% 10114 1013 10516 106% 99 109 1084 17% 2044 261 183 15 16 15 15 481 100%4 1013 100% 10175 1021 10135 101% 1014 1063 10534 99 10874 263 133 15 16 15 15 98Lg 10074 1013 100§ 1017% 1021 1013 10114 1014 10614 105% 99 109 10834, 108% 117% 2084 3944 383 40 49% 6% 1% 101y 21% 454y 66 49 294 19% 19% 110 2534 2034 2034 204 28% 29%% 2734 283 2817 7 86 2734 274 93 321 29'4 27 26 1% 9814 106 1121 2114 2134 213 218 1934 1914 1954 19% 181 3134 18% 2.3 21 27% 307s 6% 80 941 % 102'4 wbdg 99% 106 19% 9774 1011 653 100%% 26 21% 1 64%% 8% 2% 193 195 110 25% 7% 204 393 3934 a 6034 6% 714 1013 21 w63 15 | 88 | 106 | 1128 21% 215 214 21y 19% 194 194 194 1834 8134 813y 28 9814 9734 90 80 [ 104 9% 101 107 18% 18t 2 L7 | 3074 8785 80 94y | a8y 13% 6% 634 8}y 28 102y 991 99% 106 19'1‘ 9 | 101% | 653 | F 101 21 21% 21% 19% 110 25% 20% 204 20y 2834 9% 27% 28 | 281 Y 102‘4 102} 1024 74 69 6 9454 2564 1071 1023 98 9014 (3 _. 108% k{3 €9 76 94% 263 264 6674 6% DOMESTIC BONDS. 1073 1023 714 801 641q 108% 98 78 0434 106 105 98 974 106 12y 2% 884 104% 673 10234 9634 4636 10834 107 1043 10434 10815 10839 4 1113 10844 107 i a1 85%% 86 974 108Y k2 69 k3 94% 26% 25% 67 663 66 45 18 B34 1074 1028 9 90'% 643 108% 98 8 9414 1063 106 98 97% 106 112% 72% 88y 106 673 102% 9636 9634 104 107 10434 10434 10814 1083, 11y 107% 7 8734 8634 863 9834 108% High. Low. 2:58. Beth Steel 4148 °60.__. 102} Bos & Me ¢%8°'61J. Bos & Me 58 '55._. Bos & Me bs 67 . Bklyn Ed con 3% Bklyn Marn T 4%# ‘66 Bklyn Un E1 58 '50 Bklyn Un Gas 6s ‘50 Bklyn Un Gas 6s ‘67 B Buff 4 E4%s'81 B Buff R&P con 4% s Bush Term Bldg 6= '60 By-Prod Ck 6%s 45 _ Calif Packing 65 40 __ Camag s 4zctfs __ Canada So 6562 A___. Can‘dian N R 4%s'67. Can‘dian N 5569 July. Can'dlan N 65’69 Oct__ Can’dian N R6s'70___ Can'dian N db 63,s°46 Can'dian P db 4s perp Can'dlan Pac 4%s '46 Can'dian Pac 414860 Can’dian Pac 68’44 cfa Can'dian Pac 6s *54 CaroCl& O 6s'38 CaroCl & O 68'62 A Central Fdry cv 6s'41. Cent Hud G&E 6857 Cent Il B &G 6s°51 _ Cent N England 4s’61_ Centof N J gen 6s'87_ Cent Pac 1st rf 4549 Cent Pac s '60 - Cert'd deb 5% s 48 ____ Chesap C cv 6s 44 Chesap Corp 68 47 _. Ches & O 3%8 96 D Ches & 0 3%s 9 B C& O gen 415802 Chi & Alt ref 3s 4 Chi B & Q gen 4s Chi B & Q ref 6s 71 Chi B&QI Aiv 31549 Chi B & Q (11dv 4s'49 Chi & E 1115 Chi & E 117 Chi & E [11 con 6= '34 Chi Grt West 48 Chi Ind & So 48 '56._ CMStP4s'89 _ CM&StP BN 4%8'89 c. CM&StP 43 s'89_ CM&St P 6l ‘76 CM&StP&P adi 682000 Ch &NW gen 83487 . Chi & NW 4%8 2037 C. Chi & NW 4% 849 Chi & NW gen 5s'87_. Chi & NW rf 68 2037_. Chi R [&P gen 48'88_. Chi R I&P rf 4834 _ Chi R I&P rf 4s'34ctf Chi R I&P 4%8°52 Chi R I&P 418 ‘5 ctf. Chi R I&P 43%s°60 ___ Chi Un Sta 31551 Chi Un Sta 2%s 63 B Chi Un Sta 4s 44 __ Chi Un Sta 45 '63 Chi & W incon 485 Chl & W Ind 438 62 Childs & Co 5s 42 CinG & E3%s 66 CCC&St L gen 4893 . CCC&St Lvf 4% 77 E CCC&St Liref 63 '63 D Clev Un Tel 4158 ‘77 Colo Fuel&Iron 58’43 Colo Fuel & Ir 68°70_ Colo & So 4158’80 Columbia G & E deb 6862 April Columbia G & E 58 ‘52 May Columbia G&E bs Colum Ry P&L 4s ‘65 Comel Credit 3% s 51 Conn Riv Pw 3% s'61A Conn R & L 4%s 51 Cons Ed NY 314846 n Cons Gas NY 4% | Consol 0N 314575 Consum Pwr ¢ %s 66 _ Ce sum P un 8348 ‘65 (ons Pwr 21 = Container deb fs 43 __ Container 6546 Crane Co3ts 51 . Crown C & S 48 '50 Cuba Northn 5%s 42 Dayton P&L 33%s 60 _ Del & Hud ref 4s°43 _ Del P& L 4%5'69 Den & R G 43836 Des M&Ft D 48'35 cfs. Den & R G con 4536 Den& R G W 6855 __ Den & RGW bs’55asst._ Den & R G ref 5878 Det Edison 3% 66 Detroft EA 4565 F' Det Edison 414861 D Det River Tun 4%s'61 DulSS& At 58 '37 Duaues Lt 4%8 57 B Elec Auto Lite 4852 Erfe cv 4853 Prie gen 4s 9 Firie ref 58 67 Frieref 6s 75 _ Fairbks Morse 4s ‘56 _ Fla F C Rv 5874 Fla E C Ry 6s 'T4 ctfs Gen Cable 6148 47 . Gen Mot Ass 21 s'51.. Gen St] Cast 5% s *49 Goodrich 41,856 _ Goodrich 6s 45 Goodvear T&R b8 ‘67 . Goth Silk H 6546 ww Grand Rap T 4%s 41 Gt North'n Ry 3% '67. Great N Ry 48 46G . Treat NRv 4s 46 H __ Grt NRy ref 414861 A GrtN R gen 4%#'76 D Grt N Rgen 4%s'71 E Grt NR6%s'62 B Green Bay 5562 B.. Gulf M & N 6850 Gulf States Ut 414 5°46 Hudson Coal 5852 Hudson Co G 1st 5549 Hud & Man ine bs ‘57 Hud & Man ref 68 '57_ 111 Bell Tel 3%8 70 _ 111 Cent col tr 48 ‘52 111 Cent col tr 4s 53 11 Cent ref 4s'556 _. 111 Oent 4% s 66 - ICC&StL N 04%5'63 ICC&StL N O 6263 __ 111 Steel deb 43840 Ind’polis U R 53’65 B_ Inland St13%s 61 Int RT 1st rf 58°66. IntRT 6s'32 TntR T 6s'32 ctfs____ Int RID\78 38 Tk IntRT 7832 ctfs____. Int Grt Nr 63 °52 A _. Int Grt Nr adj 6s°52 A Int Hydro Elec 6s "44._. Int Pap 1st 58 474 __. Int Pap ret 6s ‘56 -~ Int Mer Marine 6s "41_ Int T&T cv 4%s ‘39 Int T&T 41852 Int T&T 5= 55 lowa Cent 1st&rf4s'51 James F & C 45 '39 Tones&l St1 44 s'61A Kan CFS&M rf4s'36ct Kans C So Ist 38 50 Kans City So ref 58 '50 Kan C Term 1st 4s '60_ Kans G &E4 %= '80 Laclede Gas 6339 ___. Laclede G 65%8 ‘53 C_— Lautaro Nitr 6s'54 Leh C&N 4145 64 A Leh & NE RR 4s'65_. Leh Val Coal 58 '54. Leh Val Coal 6s'38__.. Leh Val Har 58 ‘54 LV NY 43840 gtd Leh V P con 48 2003 Leh V P con 4% s 2008. Ligg & Myers 68 '51._. Ligp & Myers 7s "44._. Loew's 31,846 ... Long [sl ref 48'49_. Lorfllard 7s 44 _ La & Ark 55 *69 L&N4%s2003C. L& N6s2003B MeCrory Stores 6861 McKess&Rob b % 8'50 Me C RR gn 4%8'60A Manati Sug 7%s 42 Man Slst 734842 ctfs Manhat Ry 4390 Manhat Ry 48 '90 ctfs Mead Co 68 *45 Met Ed 18t rf 48 '68_ Met W S El Cr 4s°'38 Mil El R&L 68 '61 __ MIIER&SLrf6s71. Mil Spa & N W 48°47_ Minn &S Lrf 49 Minn & St L 68°34 ctf: 10334 108} 108} 104 104 104 116% 116% 116% (1374 9435 ? Minn & St L 5s 62 A_. MStP&SSMen ¢8°38_ Mo Il 6869 oo MoK&T 1stds'00 .. 81 874 102% 81 8634 863 9934 928 1081 101 10634 109 8614 60% 108 104 28%% 114% ¢ 1105 114 116 115% 12315 9614 104 101% 1113 108 108% 110 109 108 1013 6614 78 108 9934 8634 121 131% 9645 9614 £ 7% & 10814 114% 105 & 10974 3814 3614 i 1014 48% 7R UIA 664 6314 641¢ 29% 104 4015 3035 1934 R4l 643 101% 10235 10134 4 105 96 10314 105% 1083 5615 10816 11414 106 884 3674 101% 1028 101% 105% 96 10834 1057, 1038 % 1028 102 1107y 101% 974 5 10074 101§ 114 10135 5 10114 151 15 103y 100 903 9915 10474 10434 1003 1083 923 12814 10634 112 102 102 17 11 9B 10834 49% 17 31y 614 12874 8214 R1s4 874 6 81 86 106% 108% 5 108% 9% 601 a 963 1003 66 9 1025 1014 155 15 103 1004 91y 99Y 1047 10436 1003 1083 9234 1284 107% 112 10234 102 17 1 93y 1031 49% 17 318 614 1041 8214 821 87y 6% 81 853 10674 108% STAR, WASHINGTO! BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star. High., Low. 255 MOK&TG68'62 A MOK & T ad) 68'67 ... Mo Paoc 4876 _ o Mo Pao 68 ‘65 Mo Pac 58'65A ctfs. Mo Pac 5577 F Mo Pac 58 77 F ctf; Mo Pac 63 '78 G ctfs_. Mo Pac 6s ‘80 H__ Mo Pac bs ‘81 1 Mo Pac 538 49 Mob & Ohio 6= 38 Mob & Oh M div 5s°47_ Mohawk & M 4891 Monong Pub S 4% 8'60 Mont Cent 6s '37 : Montana Pwr 3% s '66. Morris& Essex 4% s ‘56 Morris&Essex bs '55 __ Namm & Sons 6s 43__ Nassau Elec 48'51 gtd. Natl Dairy 3% s'61ww. Natl Steel 43 65 __ New E T&T 1st 68'62_ New Jer Junc 45’86 ___ New Jer P&L 560 New Orl P S 6s'52 A. New Orl P S 68 '65 B New Orl Ter 1st 45 New Orl T&M 6s ‘51 B. New Orl T&M 68’56 C_ NOT&M 6% s'54 B efs_ NYCent3%s'52 w.i_, NY Central 3348 97._. NY Central 3% s *46 .. NY Cent con 4898 NY Centrf 438201 NYCrf4%s2013n_ NY Cent rf 68 2013 NY Cent cv 6s 44 NY CLSh3ys'98 {NYCLSh31s 98 rg_. N Y Chi & StL 45'46__ &St L 4%s T8 NYC&St L 6%s 74 A_. NY Chi & St L. 6838 NY Dock 1st 4551 NY Dock s 28 = NY Edison 3% s ‘65 D_ NY Edisref 31866 NY G El H&P 45 49 _. NY & Green L 5546 __. NY L& W 1st 48'73__. NY NH & H3%s'54. NY NH & H 45 56 NY NH& H ¢%5'67__. NYNH& Hev 6s°48__ NY O&W gen 43 '65_. NY O&W ref 4592 NY & Rich G 6s'61 NY Steam 1st 58 '51._. NY Steam 1st 65 '47_. NY Tel gen 4345 °39_ NY W & B 43435 46 _ Niag Falls P 315 66 Niag Sh 5%s 650 Norf So 1st ref 6561 Norf S 1st rf5s'61 cfi Norf & W 1st 4596 North Am Co 5s 61 North Am Ed 5s 57 A_ North Am Ed 648 *63_ Norn Pac gen 3s 2047_ Nor'n Pac 4897 Nor'n Pac 4597 reg. Nor'n Pac 4% s 2047_ North Pac 6s 2047 _ Ohto Edison 48 '65 _ Ont Trans 1st §s 4 Orez W RR 45 61 Pac Gas & E1315°66_ PacG & 3% 61 PacG & B 45 64 2z Pac T&T rf 8% 566 B Pac T&T 34566 C. Paramount Pic fs Park-Lx 614s ‘53 ctf: Parmelee 63 44 Penn Co 4s 63 Penn Dixie C 68 '41___ Penn Glass & S'60 ___ Penn O & D 43,577 Penn P&L 434s 81 Penn RR 3%s'52 renn RY 0C Penn RR con 4s 43 _ Penn RR 4%s 81 D Penn R R 41884 Penn RR con 434560 Penn RR gn 4125 65 Penn RR deb 43%s ‘7 Penn RR gen 6s'68 _ People GL&C rf 58°47_ Peoria & E 1st 48°40__ Pere Marq 1st 48 56 Pere Marq 438 '80 Pere Marq 1st 55 '56. Phila Co bs 67____ Phila & R C&1 68'73 Phila & R C&I1 6549 __ Philiopine Ry 4537 _ Pillsbury F1 M 6s '43_. PCC&St L 4%s"17C._ Porto Rico A T 6s'42_ Port Gen El 433 60 __ Postal Tel & C 5853 Pure Ol 43, = ‘50 ww Pure Ofl 4% s 50 xw Purity Raking 55 48 __ | B-R-0 6r @1 Jer C4s°51 _ R4%8'07 A_ R4%s 97 B Rem-R51:5 47 A ww_ Republic Stl 4%s 50 Republic Stl 4% s 56__ Republic Stl 41,8 61 Republic Stl 5%s ‘54 Revere Cop 41856 __ Richfleld O 63’44 ctfs_ R1AXL 18t 4158°34 _ RG W 1st ex in 45'39_ Rutland RR 43841 __ St L IM&S R&G 45'33_ St L-S Fran 4s '60A St L-S F 4850 A ctf, St L~S Fran 4%s '78 _ StL-S F 43%4#'78 cf st_ St L-S Fran 55 '50 B. StLS W ist 45°89 _ St P M&M ex 4537 St P M&M ext &8 43 3( P Un Dep rf 5s * Seahd A L 43 ‘50 stp__ Seabd A L ref 4s 69 Seabd A L rf 45 59 cfs Seabd A L adj bs 49 _ Seabd A L 6s 45 A Seand A L 6s 45 ctfs_. Seabd A-FI 6835 A ct_ Shell Un deb 338 '51_ Socony Vac 3%s ‘50 South Bell T&T bs "41. Southn Cal Gas 4865 Southn Cal Gas 4% ‘61 So Pac3¥%s 46 _ So Pac col 48°49_. So Pac ref 4s'65... So Pac 4% s'68 So Pac 43’69 So Pac 43s 81 So Pac Oreg 4%s'77 So Pac S F Ter 48 '50 So Ry gen 48'56 A_. So Ry b8 '94 So Ry gen 63 ‘66 So Ry files ‘56 So Ry M & O 4838 So Ry St L. div 48 '61__ S W Bell Tel 3%s 64. Stand Ofl N.J 3s 61 __ Studebaker cv 68 45__ Swift & Co 8%s 50 __ Term AsSt L 4853 __ r'exas Corp 3%s 51 __ Texas & Pac 58 77 B Texas & Pac s 79 C__ Texas & Pac 5s'80 D _ Tex & P MPT 51, s '64. Third Av ref 43 60 Third A ad in ex 666 _ UnEIL& P 6s 57 - Un Ofl of Cal 33%s '52_ Union Pac 834870 Un Pac 3%s'71 Un Pao 18t 48'47 Un Pac 18t rf 48 2008 United Drug bs ‘53 U S Rubber bs "47_. Utah P & L 68 *44 Utll P &L 68 59 wr UHIP& L 5%s 47 Vanadium cv 68 41_. A Va E & P 18t ref 4855 Va Ry 18t 3% 66 A _ Wabash 4148 ‘78 Wabash 4% s 78 ctfs_ Wabash Lst 683y _ Wabash 2d 68 39 Wabash 6m 76 B Wabash 68 80 D _ Walker H&S ¢4 ®'45_. Walworth 48 ‘66 Walworth 6s'66 n Warner Bros cv 39. Warner-Quin 6839 ___ Warren Br cv 63 41 Westchester L 58 °50 West Penn P 8148 66 W Sh 1st 48 2061 gtd__ West'n Md 1st ¢s 62 West'n Md 6%8°'77___. West'n Pac 5846 A___ West'n Pac 68 46 A 104 1y 893 (3] 393 8034 ay 8024 704§ 1835 4136 29y "% 8934 8934 % a1y 10634 10614 955 10134 10134 1083 74% 1084 9974 9814 11044 10234 12 1043 9634 101 105 9914 10034 1004 4814 3 1014 1004 10334 10585 515 10634 W 1173 1063 99 10814 10814 10544 10514 1054 11815 108% 101 115% 11334 93 10835 1003, 1151 11334 93 lnxu, £ i34 1187 102 1023 54 117% 117% 117% 10435 10434 10434 923 924 9234 1083 108% 103% 10634 10634 10834 86% 8534 AY 3636 3634 LR D RIDAY, APRIL 16, 19 FREIGHT LOADINGS AT 716,044 MARK Week’s Drop Leaves Total 15.1 Per Cent Ahead of Year Ago. NEW_ YORK. April 16.—The Asso- clafed Press seasonally adjusted weekly index 01 freight carloadings, b td on 10 X)- as 100, \\dvnnced 785 compared wWith 77.5 the “flpk nnd #4 1 a year ago, Range of recent vears 1936, 845 80.7 Brevions 1934.1033 711 659 80 595 477 By the Associated Press. The Association of American Rail- roads reported today 716,044 cars of revenue freight were loaded during the week ending last Saturday. This was a decrease of 10,643 cars, or 1.5 per cent, compared with the preceding week; an increase of 94,201, or 15.1 per cent, compared with a year ago, and an Increase of 129,476, or 22.1 per cent, compared with two years ago. The report classified the loadings as follows: This week, Last week 321,19 T %0, Miscellaneous —7.677 +57.968 Lees than car- +4.568 65 —118 +3791 Washington Produce BUTTER—? score, 1-pound prints. 37; Ya-pound prints. 3K tub. 26; 90 score. {ubouRd prints, '36; 'Ju-pound 'prints. tub MEA 5-—(}?\0169 beef, 18: mb, 21: pork, 24 r-sn ham. 23 ‘smoked ham 1. slab bacon, 28: dc‘x"mpf L —Pigs. “734a8%: light hogs, lnv:dlum 9a014: *heayies: Thea: 5ailz calves, Gal0: lambs. 6al0. id ‘shibpers net f.0.b. Washing- v the United States Bureau of Agric nuuml Economics: E arket continues unsettle d Sla(e* Government graded extr: !2 cent lower. Cul’Fln: receipts, hennery whites. 211, Government LrB"iefl and dated white eggs (net prices shippers Lob. Washington) 8. S.extras, mediums, hdardy, Targe. LIVE POULTRY Markes auietand un- ghanged. “Fowl:™ Colored. heavy. 1sal% Leghorns, 14als. ~ Chickens: Rocks and Crosses, mostly 21823, 4 pounds’ a p Ol Turkeys: Old hens, calves, 16; fr ) SERLEr stzes, 15 16al$; old toms, 15. Fruits and Vegetables. ups»m in large lots by original receivers BPL ™ N Whrtot arriv als: one un- broken- Gor oo t1an Supplies’ moderate: glemand moderate: market steady. Bushel baskets, U. 8. No. | 1 234-inch sizes, 2¥-inch minimum, m Aarriand, Dot Virginia—Com Delicious 25, . Goldén “Delicious, | Golderl 00; de Parasons, 1508 AYPARAGUS- One South Carolina ar- rived; two broken and one unbroken cars on track. Truck express receipts moderate; supplies moderate, _demand moderate, market weak. South Carolina, pyramid ‘crates, dozen bunches: Colossal. | few 00, few | 2 choice. CABBAGE—One rived, two broken South Carolina and one unbroken cars | report the company said the rate of ! but | PENNSY INVESTING PROFITS CLIMB Railroad Subsidiary Nets $6,415,702 Income for Last Year. By the Associated Press NEW YORK, April 16.—Pennsyl- vania' Co., an investment company controlled by Pennsylvania Railroad Co., reported 1936 net income of $6,- 415,702 after taxes and charges, but before $500,000 appropriated for sink=- ing fund and exclusive of $249,286 net profit on sale of securities which was credited to profit and loss account. ‘This compared with net income in 1935 of $4,791,952, excluding $334,069 profit on sale of securities. U. 8. Gypsum Co. United States Gypsum Co. and sub- sidiaries, with properties throughout the country, reported, for quarter end- ed March 31 net profit of $1,411,622, equal after preferred dividend require- ments to $1.06 a common share, against $436,617, or 25 cents a common share, in March quarter last year. In a statement accompanying the increase shown “cannot continue,” the management expected business for the full year to be greater than in 1936. Continental Baking. Continental Baking Corp. and sub- sidiaries reported net profit for 13 weeks ended March 27 of $464,874, equal to $1.16 a share on the preferred. This compared with $520,315, or $1.30 a senior share, in the 13 weeks ended March 28, 1936. Van Raalte Co. Van Raalte Co., producers of hosiery, gloves and other knit goods, reported March quarter net income of $258,- 868, equal after preferred dividends to $1.76 a share of common stock, against $223,350, or $1.49 a share, in the March quarter last year. Coms= pany’s plants are at Paterson and Boonton, N. J., and Saratoga Springs | and North Tonawanda, N. Y. | FINANCIAL NEW YORK BANK STOCKS NEW YORK. April 16 (®.—New York Security Dealers” Association. (Quotations as of 2 o'clock.) BK of Man (1'%) General Electric Orders Register 78 Per Cent Gain . By the Associated Press. NEW YORK, April 16—General Electric Co. reported orders received in the first quarter amounted to $105,- 747,030, compared with $59,569,879 in the same quarter of 1936, an increas: of 8 per cent. This was the large: first quarter in the history of the com= pany. Bos) = First Natl umn 2 Guaranty Tr (12) Trving Tr (.60) Manufacturers Tr (2) Manufacturers Tr Bt (2) Natl City (1) N Y 16 FEDERAL LAND BANKS NEW YORK. April 16 Land Bank Bonds: 4%s Nov., 4%s May. Title G & T OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’'S FURNITURE HOUSE 1416 Eye St. N.W Phone NA. 2184 (P).—Federal | 103 10017 10214 - 1013% 2 107% 104% 103 43 X 7 1017% Real Estate Loans 5% « 5%% Business Property and Resi- | dence . . . Construction or Re- | finan:ing Loans ® @ \ | [SHANNON & LUCHS) Mortgage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H 5t. N\W. Natl. 2345 U. S. TREASURY NOTES. (Reported by Chas. D_Barney & C: Rate—Maturity. Bid, : 4 of?) Yas Sept. 15, 1037 1:»” NEW YORK PRODUCE. W JORK, April 16 First Mortcace Loans Sier ‘mixed prices unchanged Live poultry by freight. st Chickens s. 17: Leghorn colored, 25 “Leghorn. 1 Other freight prices unchanged. RUBBER FUTURES. NEW YORK, April 16 (.. <:Crube rub- | ber futures opened steady Ma, 56,7 3Uly, 2208832, 13, District ot Columbic— Nearby Maryland— and Virginia— Business 5% Properties Terms from 3 to 15 Years Also Monthly Payment Loans | Homes Apartments ? Beptember. | Money for Construction Loans and Loans on Improved Properties Flintkote Co. | Flintkote Co. and subsidiaries, pro- | ducers of roofing materials, felt and | other products, reported for three months ended March 27 net income of | $186,377, equal to 28 cents ashare of | capital stock, against $35.298, or 5| cents a share, in like period last year. | Lehn & Fink. Lehn & Fink Products Co. and sub- sidiaries, manufacturers of drug spe- cialties, with plant at Bloomfield, N. J., reported for quarter ended March 31 net profit of $128,886, equal to 32 cents a share of capital stock, against $180,425, or 47 cents a share, in March quarter last year, PHILADELPHIA PRODUCE. PHILADELPHIA. noultry—Fowls. P; mixed colors, ney, 20: cross brei red_broilers. 1Xa2 Dressed poultry unchanged. April 16 (P.—Live h Rock. fancy, 21a s fancy, large, 238 First Mortgage IMPROVED REAL ESTATE At 3% n_track. Supplies moderate; demand node market steady. South Carolina. 1 ashel hampers, pointed type: Freighi n.m 5. 008100} truck recelpis, packed lo (ARR(JLs—ong California arrived: one broken cars on track. moderate, Californ: W uce CAULIFLOWER broken and_one supplies mod ivais moderate, crates, 1.70. CELERY —’ Florida arrived; one Iyoker and four unbroken cars on track. Supplies moderate, demand _moderate, market _steady. Florida, individually washed: 10-inch crates and 16-inch crates | wire bound 3-10 dozen UCE—Two _Arizona arrived: 10 broken and 5 unbroken cars on track. Sup- plies moderate: demand moderate, market Western crates, Iceberg yi 083,25, fair quality and condition, 2.65. ONION 0 carlot arrivals; two broken and one unbroken cars on track. Supplies moderate, demand _moderate, market steady. Michigan and New York. 50-pound sacks, yellows, United States No. 1, 1.268 PEAS—No ecarlot arrivals: one broken car on track. Supplies moderat Tight: market about steady bushel hampers, Telephones. 3.25-: Potato Prices Steady, POTATOES—Three- Florida. one Maine arrived: two cars diverted. three broken | nd eight unbroken cars on track. Old | ck: Supplies moderate: demand mm‘tr-\ merket steady. 100-1b U._S. 0. 1. Maine, Green Mountains, :. ew York. Round Whites. freieht receipts 245 truck receipts. fair condition. 0: Tdaho Russet Burbanks New stock: Supplies light: demand light: market about steady Florida douhlz h(‘l rels, Spaulding Rose. U. S bushel crates. Bhts Tnumnhs nnd Si Roge. No SPINACH— Nn L‘Arlc( arrivals: no cars on track Supplies light demand moder- ate: market steady. South Carolina, bushel baskets. 65-75. TOES——No carlot arrivals: Supplies moderate: de- and m . market steady. North Caroling, bushel baskets. Puerto Ricans and Nancy Halls. 1.5 REGISTRATION STATEMENTS. By the Associated Press. Registration statements for proposed new securities filed today with the Se- included: Wis of Somamoh and prefeired siock B ceeds for working capital, equipment, debt retirement and to retire first and second preferred issues now outstanding. Under- | writer. A. G, Becker & Co. | Ray Air Conditloning Corp.. New York, S1,014, common_ stock. proceeds for yorking caital. Underwriter, C.'B. Ewart | & Kiihe Brothers Co.. New York, $1335.000 | of 5 per cent notes proceeds to ' retire bank loans. outstanding 6 per cent notes and for working capital. Underwriter, Illi- nois Securities Co Revere Copper & Brass. Inc.. New York, 148797 shares of $10 par value conver- tible class A stock and 297.584 shares of $5 par value common siock. proceeds for plant construction. working capital and other purposes. Underwriter, Kidder, Pea- body & Co., and Charles D. Barney & Co. fornia, 25 FOREIGN EXCHANGES. NEW YORK, April 18 (#) —Foreign ex- change firm: Great Britain in _dollars, gihers n cente Great BritainDemand, a. & ROV i Hongkong i g Montreal in New ok 7002005 - New York In Montreal, $0.90%. n—Nomin: NEW YORK BAR SILVER. NEW YORK, April 16 (#).—Bar silver easy, % lower at 45%, High. Low. 2:58. 1063 10634 10834 1043 104 104 108} 108 108 99} 99} 994 393 3934 80l 10034 1003 1005 a7 STy 263 28 28 West'n Un 4%s '50___. West'n Un 68'61.cae. West'n Un bs '60 Whee) Steel 448 °53 . Wilkes B&E 658742, Wilson & Co ¢8 56 . Wis Cent 18t gD 48 °49. Wis C1st gn ¢s 49 ot Monthly Payment: Prevailing Rates FIRST DEED OF TRUST ONLY GEORGE . BORGER 643 Indiana Ave. N.W. Nat’l 0350 Randall H. Hagner & Co.. Incorporated MORTGAGE LOAN CORRESPONDENT New York Lite Insurance Co 1321 Conn, Ave. N.W. DE. 3600 o IMPROVED D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. ‘No charge fo. appraisal if loan is not made. Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATI\'E BUILD]]\'G ASSOCIATION 915 F STREET N.W. Organized 1879 If Preferred Construction Loans District of Columbia, Nearby Md. and Virginia SAVINGS HERE ARE INSURED YOUR ACCOUNT IS INVITED INTERSTATE BUILDING ASSOCIATION WASHINGTON BLDG. PHONE DIST. 9186 First Mortgage Money For CONSTRUCTION LOANS" and LOANS ON IMPROVED PROPERTY in the . District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. Y'ngstnS&T 3348 02 Y'ngstn S&T ¢s'61___. 142 1403¢ 1403 10036 100 10034 A 925 15th Street Natl. 2100 Interest as Low as 3% Easy Monthly Fa¥" ments low 8t ¢750 per $1.000 re Are Protecied by Federal nce up t0 $5,00 N COLUMBIA BUILDING ASSOG\ATID t Opposite Palais Roval 716 11th Stree " THE operating expenses of a bank are not paidout of deposits,because deposits belong to customers. These expenses are paid from the income a bank earns. A bank derives its income chiefly from interest on loans, returns on investments and charges for financial services rendered. ings of a bank are used chiefly in : first, andpay for salaries, insur- ance, equipment other operating ex- penses; second, to build up a surplus for added protection of depositors and to set aside reserves as a safeguard against known liabil- ities and unforeseen contingencies; and third, to pay to stockholders, in dividends, a falr return on the money they have invested in the bank’s capital stock. In the management of this bank we endeavor to maintain maximum efficiency and keep operating costs at a minimum con- sistent with good service. McIachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Insurance Corporation [Booklets covering this series may be had upom reque