Evening Star Newspaper, April 16, 1937, Page 19

Bl uCIAL. THE EVENING STAR, WASHINGTON, D. C., FRIDAY, APRIL 16, 1937. NEW YORK CURB MARKET)CENTRA| EARNINGS e oy e RS 5 HE INPROVE SHARPLY i Dividend Rate. “Add 00. Quarter’s Net Near 5 Mil- lions, Against $8,933,000 Kinsston Prod 40c Biviend Rate. A4 00. High. Low. Close. | Kirby Petrol (20¢) 1 for All of 1936. By the Assoclatea Press. Aero Supply (B) 4% 4% | Knott Corp (b10c) Agfa Ansco ..... 7 27 29)4 | Kreuger Brew t1. Alr [nvest cv nf_‘ 1 2934 2934 | Lake Sh M (14)_ Alum'n Co of Am. 5008 156 158 Lakey F'y & Mach. Aluminum Ltd . 400s us 17 Leh Ccal &N 30c¢. NEW YORK, April 16 —New York Central Railroad Co. March quarter net income amounted to nearly $5,- 000,000, compared with net income of $8,933,000 for the entire year 1936, Alm Ltd o pf bl 128 128 Am Afrlines. n-u:'6 2 263 265 Lrontn e Am Box B'od (1)_. 29 24 Am CitP&L Baile 2 Am Cynam B 160c 16 Am Eqit (a22%¢). 1 Am G&E (1.40) .. 11 8614 Am G&B pf (6)__.260s 11054 Am Gen C’p (a50c) 2 1084 Am Laun'y M 80c. 2 31 Am L&T (11.20). 8 19% Am Mfg Co (a3)_.176s 484 Am Maracaibo .. 14 Am Superpower._. sald Frederick E. Williamson, presi- Anchor Post F' dent, in the company’s annual report. This result, he said, pointed to about 85 cents a share on 5,889,796 shares of capital stock in the quarter. For 1936 the company earned $1.79 & share on 4,993,783 shares. Central's 1936 operatmg revenues were $361,063,871, an increase of $51,- 033,100 over the previous year. Freight revenue totaled $257,714,419, an in- crease of $39,501,590. The company carried 48,269,076 rev- enue passengers in 1936, an increase of 3,887,617, and revenues were $62,~ FINANCIAL CURB LIST GOES TOLOWERLEVELS Most Losses °Fractional, Some Wider Swings Seen Late in Session. B3 the Assoctated Press. NEW YORK, April 16—Prices fell Back in the Curb market today, with the majority off fractions. A number of issues broke out of the narrow range to register wide swings, mostly on the downside, late in the session. Off 1 to 2 points were Hum- ble Oil, Hoe & Co., Tubize Chatillon, Pittsburgh Plate Glass and Montgom- ery Ward “A.” Aluminum Co. de- clined roughly 3 and Newmont Mining dropped a bit more than that. Counter swings were made by Gulf Oil, up more than 1, and New York Steam, up more than 5. CHICAGO GRAIN By the Assoclated Press. kxkk A__19 AUTO PRODUCTION JUMPS T0 12470 Week’s Total Compares With 99,196 Estimate of Previous Period. By the Associated Press. DETROIT, April 16.—Cram's Re- poms, Inc., estimated today that this week’s output of the motor car plants would total 124970 cars and trucks, compared with its revised estimate of 99,196 units last week. For the com- parable week a year ago Cram’s listed production at 119,834. It placed last week's Chrysler as- semblies, the first since the recent strike, at 22,200 cars and trucks. Gen- eral Motors was estimated at 52,155, against 51,525, and Ford unchanged at 34,850, Ward's Reports estimated this week’s assemblies at 127,755, which it said was & few hundred above the year's peak levels. Ward's estimated The Cost of the Market Basket Calculated from Government Prices High. Low. Olou 64 64 64 lm Lockheed Afrcraft Locke St1 Ch t80c. Lone Star Gas 80c Long 1 L pf A(T). Long Island Ltg. - Long Isl Lt pf B 6 La Land (40¢) _. Lucky Tiger t12c- McWilllams D (13 Mangel Stores. ___ Marion Steam Sh . Mass Util Associa. Massey Harris _ Master Elec (1) Mem Nat G(ab0c). Merc Stores (b3) .- Merritit Chap & 8 Merritt C&Spf A Mesabi [ron_. Mich Bumper C_... (] 30% 435 Contents of the Basket 3 Lbs. Round Steak 2 Lbs. Bacon 1 Q. Milk | Lb. Butter I Lb. Lard | Doz Eqgs | Loaf Bread | Peck Potatoes 3 Lbs. Cabbage | Doz Oranges Angostura (+20 Appalach EPpf 7 20- Arcturus Radio T. Ark Nat Gas Ark Nat G cu pf... Ark Nat Gas (A) . Ashland O&R t40c ASSOG & E (A) . As30G & E $5 of Atl Coast Fis b35c AtlCoast L a2y _. Atlas Corp war Atlas Plyw'd(1%) Austin Stlver Auto Products Mid Sta Pet (A)._ Mid Sta Pet (B)._.. Mid-W Abrasallo Midvale Co (b75c) | Can Tomatoes 5 Lbs. Sugar I Lb. Co CHICAGO, April 16.—Wheat prices broke the 5-cent maximum permitted in a single day in all domestic markets today. European markets reported wheat tumbles of 7 cents to nearly 10 cents. Rye also dropped 5 cents. At the close, Chicago wheat futures were 3% to 5 cents under yesterdays finish, May, 1.297%: July, 1.17%-1.18, and corn unchanged to 3% May, 1.221;-':; July, 1.13%- WHEAT— Open May 130 119 116% 1.15% 1 1.06% 1 Auto Vot Mch 50c Avery(B F) & Son Axton-Fisher (A) Baldw L bd rts(d) Bardstown Dist_ Barium Stain Stl Bellanca Afrcraft. Berkey&Gay F Co Bliss Co (E W) Blue Ridge (b15c) Blue Ridge cv pf 3 Blumenthal S_ Bohack (HC)_ Bourjols (a75¢c) . Bower Roll B (2). Bowmn-Bilt 1st pf 60 Brid'p't Mch b25c. Brill Corp (A) Brill Corp (B) Brown Co pf.____ 14508 Buckeye P L (4)_.100s Buft N&E pf 1.60_ 2 Bunker H & S(b1) 20s Cable El Prod vte. 1 Can Hydr E 18t pf 20s Can indus AlcoA_. 2 Can Marconi. _ . AT Cartb Syndicate 6 Carm'n&Co A b50e 1 Midwest Ofl (11).. Mining Co (Can)._. Minn M&M b40c__. Mock Judson 6Vc... Molybdenum Corp Mont Ward A (7). Moody’s pt pf (3). Moore Dist (t60c) Monroe L S(A)320 slount Prod (60c). Nat Auto (b1)._ Nat Bella Hess Nat Bo & Sh(bs0c) Nat Contain a50c_ Nat Fuel Gas (1) Nat Gyps A a2y Nat Leather Nat Ofl Prod tSDu Nat Rub Mch a200 Nat Service . Nat Service pf. Nat Sugar NJ (2) Nat Transit (76¢). Nat Union Radio_. Navarro Oil b30c... Neni Corp w Brad O al0c_. NEP As 6%pt b2.100s New Jer Zing (12) 2508 Newmont Min b76: 2 575,824, an increase of $7,284,954. Chesapeake Corp. Chesapeake Corp.,, middle holding company of the Van Sweringen East- ern Railroad Empire, reported its an= nual income for 1936 was $10,241,376, as compared with $7,250,407 in 1935. Chesapeake reported investments of the company at $118,463,784, but stated in a footnote that the market value on December 31, 1936, was $198,393,490. Alleghany Corp. Alleghany Corp., owner of 70 per cent of Chesapeake Corp. stock, re- ported a net loss of $158,383 for 1936, tlxg);nfipared with a loss of $184,253 for Alleghany reported that “substan- tally all of the corporation’s income in 1936 was derived from dividends on its ownership of capital stock of the Chesapeake Corp." The net income of Chesapeake Corp. amounted to $5.69 per share of capital | Potomac Electric Power 5!,% pfd.—10 1933 1934 output a week ago at 100,470 and for the comparable week of 1936 at 115« 340. It predicted higher levels rext | week, “When the Chrysler plants reach full stride after their five-week strike.” Washington Exchange SALES. at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112, 10 at 112,10 at 112, 10 at 112, 10 at 112, Washington Rwy. & Elec. pfd.—10 at 109. Capital Transit Co.—10 at 14. AFTER CALL. Washington Rwy. & Elec. pfd—10 at 109, 10 at 109, 7 at 109, 10 at 109, 1 at 109, 1 at 109, 9 at 109. Capital Transit Co—5 at 131}. ANNALIST INDEX CONTINUES CLIMB Business Activity Mounts Further in March on Broad Front. Spectal Dispatch to The Star. NEW YORK, April 16.—Business activity again increased last month Security Offerings Show Moderate Increase in Week By the Assoclated Press. NEW YORK, April 16—New se- curity offerings for the week totaled | $17,415,590, a compilation by Poor's| Publishing Co. disclosed today. I This compared with $16,932,750 in} previous week and $281,581,687 in the like 1936 period. The offerings were classified as fol- lows: CANADIAN WHEAT SUPPLIES SMALL Stock at End of March Total 118,005,450 Bushels, Lowest Point Since 1922. By the Associaten Press. OTTAWA, Ontario, April 16.—The Dominion Bureau of Statistics estie mated today the stocks of wheat re- maining in Canada at the end of March were 118,005.450 bushels, com= pared to 246,797,301 bushels a year ago. The 1937 figure was the lowest since 1922. Stocks of oats, barley and rye also were lower than a year ago, while the supply of flaxseed was slightly higher. Stocks of wheat on farms, including seed supplies, amounted to 46,931,000 —New York | bushels, which is slightly higher than the 1936 figure of 4 4,000. Wheat in storage, other than on the farms, totaled 71,074,450 bushels, a reduction of 128,968,851 bushels from last year's comparable figure of 200,043,301 bushels. In addition, the supply of Canadian | wheat in the United States on March 31 was 14,050.834 bushels, making a total of 132,056,284 bushels and the United States, compar 263,232,466 bushels last year Glen Falis (1.60) S= . = Glone & Rz 50 BONUS DISTBIBUTED Municipal _ Carnegie Metals. 43 stock in 1936, principally from the BONDS. as higher rates of operations in | Industrial dividends on its holdings of common Bid and Asked Prices. both durable and non-durable goods | FALIGAS | Miscellaneous stock of the Chesapeake & Ohio Rail- PUBLIC UTILITY, industries more than offset a decrease | Btock way Co. 14 400! Amer. Tel. & Tel_ 41z P in freight shipments, allowing for Ana % Pot” G INSURANCE STOCKS seasonal fluctuations, according to the Ana. & Pol. Guar. o i R o SR 5. monthly review of domestic business R NEW YORK. April 16 P Becurity Dealers' Association N Y & Hon (b76¢). 50s N Y Omnibus(war) 1 N Y Steam - 86 N Y Tel pt (5%! 1008 Niag Hud Pwr new 24 Niag H P(A) war 1 Niag H P pf B (5). 265 Niag Hud 1st (5) 2bs NiSh Md pf A(6). 5s Niag Sh Md Baéle 2 Nipissing (6vc) - 2 Noma Elec (b40c) North Am L&F . North AmL&P pf 200 | No Am Ray A b50c 4 | No Am Ray Bbsoe 2 North Am Ut Sec a Carrter Corp 8 Carter (JW) 80c.. ¢ Catlin Corp (as0c) 9 Celanese 1st pf t7. 60s Cellulotd Corp pf. 1008 Cen Hud G&E 8¢c. 1 Cent Ohio S b25e. 2 Cent&s W ULl 14 Cent States Elec 4 Cent St Elcv pf__. 508 Cent St E17% pf. 808 Centrif Pipe t40c. 7 CharisCorp(1%). 1 Chesebrough (14) 1008 Chi Rivet & Mach. Chiet Conusol Childs Co pt Clties Service_ Cities Service pf_. Cities Svept B __ Cit Sve P&L $7 pf 2hs City Auto St1hic) {C[ark Con ( ) - Claude Neon Lis Clev Tractor = Cohn & Ros a30c-. Coion Dev Lia 11.80 11.80 McGraw-Hill. McGraw-Hill Publishing ,Co. and subsidiaries reported for quarter end- ed March 31 consolidated net profit of $316,126, equal to 52 cents a share on capital stock. This compared with : $197,016, or 34 cents a share, in the = March quarter last year. Equity Corp. Equity Corp., an investment com- | Am pany, reported as of March 31 indi- ‘:-2’;';3;5";:;‘}‘};7";'0 202. cated net assets equivalent to $3.19 Northern Bl aes i Z (18 share of common stock. | Northwest En bioc 2 Ohio Brass B b75¢c 50 tOtdetyme Disut - Okla Nat Gas Co.. Pac G&E 1st (1%) Pac GKE pf 1.37% Pac P S 1st pf 1.30 Pac I'in spec (12) 150 Pan-Am Afr (1) Pantepec O11 _ 1 Pennroad (a25e) .. Pevperell Mfg 6 Pierce Gov (blésc) Pines Wintfrt(n) Pioneer Gold bloc. Pitney Bow (140c) Pittsbgh Forging Pitts Plate G (b1) 183% Capital Traction R conditions by H. E. Hanson in the S BU RO current quarterly review of the Pot. Elec. Pow. Annalist. WeLh: Gas Ds o8- The Annalist Index of Business Rwy. & Elec. 45 Activity increased 1.5 points to 107.2 MISCELLANEOUS (preliminary) from 105.7 for Febru- (‘oumry Club 5las 105 ary and 104.8 for January. The index M. Cold Storage 55 1oy still is 3.3 points below last Decem- STOCKS. ber, but, with the exception of that | e month, it stands at the higest level Net assets | A.mer T;_l & ub (@) sxr};; October, 1929. ; ; 5 Capital Transit Co e most important single factor in T;;sczr:femsnz ;;me SoDsceergil, Paz‘z‘x”ec Steambont 0): o7 the rise of the idex was a sharp gain in the seasonally adjusted index of |zinc production. Zinc production during the preceding months had 1 FD 513% pf. (5 \H! United States Gypsum Co. Yt g8 T el been maintained at a comparatively low level, although demand was ris- B Roa Eiee com. (10) 72 The United States Gypsum Co, and | Wasa. Ry. & Elec. pid. (5) 10%'s subsidiaries reported a consolidated | BANK AND TRUST COMPANY. net profit of $1,411 [ Amer. Sec_ & Tr. Co o pr of 662 today for the ' Bank cf Bethesda (h first quarter of 1937. It was equal to | ing. As a result stocks were reduced "~ | sharply and increased output became - | necessary. Next in importance was a sub- | stantial increase in the cotton con- Capital (4) $1.07 & share on the common stock. | {ieree 3 °F* 10~ For the same period last year the o S“m'h ) st sumption index. A high rate of activ- ity in the cotton textile industry has 2a | Brov Wash' (1) 434 | Profit was $436,617, or 25 cents a | F:. Georges Bk. & Tr. share. Riggs (e8) ‘been one of the outstanding features | | St Paul Fire (f) of the first quarter. The adjusted 55 ngdeld (4 index of rayon consumption also ad- \ Tr. vanced last month, but for the quar- | .8 Fire (%) ter dropped below the level for the preceding three mof®ths, largely be- cause of a shortage of supplies. The adjusted index of silk consumption | declined. An increase in the preliminary in- 1805 16.02 Chicago Cash Wheat. Cash wheat, No. 1 hard, 1.37%; corn. No. 3 yellow, 1.3012a32%; No. 4 yellow, 1.29-30%5; No. 4 white, 1.31; oats, No. 2 white, 55; No. 3 white, 54; rye, No. 4, 1.12%, ; soy beans, No. 4 yel- | low, 1.74 barley feed, 75-85 nominal; malting, 1.00-30 nominal; timothy #eed, 4.50-5.00 hundredweight; clover seed, 27.00-35.00 hundredweight. Aetna Cas (2a) Aetna Ins (160) - Acina Life (X0a)_ Am' Eqult (1.60a) |Am Ins Newark | Am Reins | Am Reserve (1a) _ Am Surety (2} Automobile | Balt Amer ¢ Carolina (130 City of N Y Conn “Gen Lut 1 %0) PR | Contin Cas (1.20) 281 1012 Fid & Dep (4] 812 | Piremen’s Nwk (.30)_ 1 (f2a) Baltimore Quotations. BALTIMORE. Avril 18 () —Wheat. No. 2 red Winter. garlicky. spot domestic, 140%: April. 1.40} BONDS TO BE REDEEMED. NEW YORK, April 16 (P).—Driver- | Colo Fuel&lr war Harris Co. announced it would call | Celts PFA b373¢c for redemption June 1 its 6 per cent | Colum 0 & G azbe first mortgage bonds in amount of | Com with & S war $200.000, in addition to $38,500 bonds‘\ cg::m Bt 60s {or sinking fund purposes. COMPANY | Sy s0; Copper also will retire on or before July 1| CGELt&P Bo 3 60 this year 169 shares of 7 per cent ConsGas Utll ws preferred for smkmg fund purposes. | Cons Min&Sm 1z i Cons Royal (20c) - Consol Steel Corp. Cont'l Roll & § Fy | Cooner Eessemer Cooper B pf Aas0c Copper Kange Cord Corp Cosden Of) Me (d) | Creole Pe (a50c) . Crocker-Wh al0c. Croft Brewing Crown Cent P ac Crown C I(A)b500 Crown Dr (b20c) Crown Drug pf 1% Cusi Mex Mining Dayton Rubber Dejay Stores 180¢ | Dennison 7 of | Derby Ol & Kef Derby O&R pf a4 Detroit Gasket t1. Det Gray Ir t20¢c Det Pap Prod t25c Det Stl Prod b25c 2 Diamond Shoe(12)100s 1 | Distilled Liquors 2 | Domin S&C (B) 10 | Douglas(W L)pf 1608 Driver Harris 13 2 Dubelier Condens 9. Duro Test (bl0c)_ 1 Kagle Pitcher bl0c 7 East'n G&F Asso 1 + | Estn G&F As pf 3 1608 East G&F p pf 4% 26s East'n States Pwr | Eisler Elec (asc)_ Elec Bond & Share Elec B& S pf (5)- Elec B &S f (6)_ Elec Sharehniding Electrographic t1. Equity Cotplatec) Evans Wall Lead Kvans Wall L pf Bxcello Afr(b20c) | Falstaff Brew 1135 Fanny Farm C(1) Ferro Enam b25c_ Fiat cts (a93%c)_. Fideilo Brewery ndian El C 65 '47 A __ 101 ° 10 Fire As(Phila.)t2 ndian E G 55 51 C Y 1% | Fisk Rubber L g Fisk Rub pf (6) Ford Litd a181-10¢ Ford (Can) A (1) Ford M(Can)B(1) Ford (France) Fox (P) Brew &0c Froedt G&M (20c) Froedt't cv of 1.20 Gen Alloys Gen El Ltd a66%0 Gen Invest Cory Gen Teleph (b25¢) Gen Tire & Rub Glen Alden C (1) Gorham (A) Gorham Mf vte t1 Grand Natl Films Grt A&PTnv t6 Great Nor Pap t1_ Greenfield T & D Groc Store Prod Gulf Of] (Pa) b2be Hall Lamp (80c) Harvard Brewery Hearn Dep 8 b1.65 Hearn DS 6%pf 3 1 Hecla Mining b45c 16 Helena Rubenst'n 3 Heller pf ww 1% _ 508 Hevden Ch (12) 2 Hoe & Co, Inc (A). 2 Hollinger (165¢c) 2 Horn & Hardart t2100s Horn & Har pf(5) 20s Hudson BM&S 1) 29 Humble Of1 (1%). 8 Hygrade Fooa 1 11 Pwr & Lt $6 ot 1008 Imp Of) Ltd t60c 7 Imp Ofl reg (t50¢c) 5 Ind Service 1% pf 10s ins Co of No A t2 350s int] Hy R § cv ot Intl Petrolm t1% _ intl Produets Int] Safety Raz B Intl Vitamin(50c) [ Intl Uth (A) - int) Uty (B) Intl Utilities war_ Interst H M t2% _ Interst P(Del)pf 20r Inv Royalty (t6c) 1 4% Iron Fire vto 1.20 1008 243 Jacobs(FL)Cotl) 4 16 18% 277. 8, |JersCen P&LDf 6 40s 85 86 b2 gb%% |TonenaLaveb8tl 1 1164 118K STw—With warrants, xw—Without war- |[KanCPSptAd) 3 2% 24 rants. n—New. )—fillm Ken RT&L A albe 1 Negotiabilit: 1mnll d by ml urity. Cokbanies reportcd in echivershiy, ¢ Kings CoLtptD 10 100 Globe & Rut Great Amer (1a)_ Hanover ( | Hartford Fire Home Fire Se Home Ins ( Homestead Lincoln Fire | Maryland Cag Mass Bond (313) Natl Fire ( Natl Liber: e (eR) 300 be- ploves 50) | Riggs pfd. (5) e Washington (#) ash. Loan & Tr. (ef) Amerada Corp, Amerada Corp. today reported 1936 consolidated net income of $1,983901, | , . =~ FIRE "‘s"m"u eq\)dl to $2.52 a capital share, com- | g‘nrconn (1 = | pared with $1,797,613, or $2.28 a share Eiremen’s ¢ Powdrell&Al 1600 1134 | in 1935, | RS onian o0 Premier Gold t120 20 TITLE INSURANCE. Pressed Mot (12)_ 3214 . Columbia (.30) 15 e e % MERGER OF AIRCRAFT |~ i s PLYWOOD IS PROPOSED MISCELLANEOUS, Prudent'l Inv a50c aAu | 883 By the Associated Press. Eimg Cgflrn ( ‘mn“ Pub Sve Ind pt ansion Moioiype (14) Pub Sve Ind pr pt Béonies Drua 8" com. (1100} Pus Sd P&L pf b5 9% m‘ | Peoples Drug §. pfd. (4 | Pug S P&1 !5‘ ot 2 3835 383 | bVSE[A’f(TIh lE April 16.—Negotiations Real Est. M &G. pf. ( only slightly below the record high | i 2 mamitel C5ipla Pyle Nat'l (b50c) 24 24 | by stockholders for the merger of Axr-: 3 v KON - |level was also an important factor | '-Ah city. said today. it would advance Quaker Oats (5) __ 114 1143 | craft Plywood Corp. Wwith the United &fl:g SR AR T 25 [in the rise of the combined index. | ¥88es. ““mbflm:'ebt‘o April 1'11;‘ 01‘1 :‘ Raytheon Mfg vto 55 5% of New York were | ".gx gjvidend. | The iron and steel industries again |Substantial basis. but was unable jus Red Bank 15 15 | under way here today. 1Plus extra made an impressive showing, although | Yet t0 disclose the exact adjustments. Reeves (Dan) 60c. 6% 64| Aircraft Plywood, which produces| § the adjusted production indices still :z(:l;;;i:-o!l‘:vreu ;y, ;h about 12 per cent of the West Coast are below the high level for the close -~ Douglas fir plyw t o : Rice Stix DG b50c. 1Y% 11y undfr mmrmr;t)\;)oc:] m\x;p\f” has been | of last year. Demand remained at a Richm'd Radiator. 6 6 6 e conty ; l' e New York com- high level, and production was pushed Rossta (ntl Corp__ B e meveraJears to furnish it EORT.TERM SECURITIES. |to near capacity limits. Resumption | Root Petrolm(1) .. 4 R ntire production of operations at General Motors Royal Type b75c . 97 Three conversion plans were pro-| (Reporied by Chas. D. B e oftar: | plants ‘offietithe! loss" caused By the sseKa AT posed to holders of aircraft units, | Amer Tel & Tel 6ias, 1043 | Chryslet strike, the adjusted indeX (pupiished in response to call made by Comprzol S which consist of one share of $100 | AUSUTR Auto Co 4%s 1954 e B Investments First mortgage notes, well secured on con- servatively appraised, new buildings in Washington and near- by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years 2504 (1.202) 350 TONS OF LEAI) SOLD NEW YORK, April 16 (#).—The St. Joseph Lead Co. reports that 350 tons of pig lead from Southwest Missouri mines were sold yesterday at $5.85 per | hundred pounds St. Louis. so exira or extras —Declared or paid so far this year, WAGE BOOSTS PLANNED. MARTINSBURG. W. Va.. April 16 (Special) . —Interwoevn Stocking Co., SR ot decr o mawerpradick onl Mo R crpul et schiti g plant 184, 33} DOMESTIC BONDS. Reserve District No. 5 Hieh. REPORT OF CONDITION OF THE American Security & Trust Co. Of Washington, in the District of Columbia. at March 31st, 1937 of the Currency es.) *o_35¢ pmd June 20 December 1936: 45¢ paid the close of business om 16% under Section 53, ASSETS. $13,258,647.48 7.180.79 25,437,505.38 3.483.227.58 and fixtures, Furniture 2,795,293.28 211.703.20 8.995,711.73 Container Corp. of America.—March quarter common share earnings were 8% | 96 cents, against 27 cents. 1065 101%a 997 7,708.959.85 995.38 317,824.76 oo Total assets - $62,217.049.43 z 1941 1942 Georgia P\\ eorgia P& Z fonC Riden C1-. s, h‘) Grand Tr We 4. : Hygrade Fd Gs " LIABILITIES ividuals, partnerships and corpora- St e 2 o $20,707.661.41 . Time deposits of mleiduan pnrtnershlps and corporations.. 22,836,990.62 . Deposits of other banks, including certified and treasurer’s checks outstanding Total of items 14 to 18. inclusive: (a) Secured by pledge of loans and or investments (b) Not secured by pledge of loans and ‘or investments 4 109 3 FOREIGN MARKETS. LONDON, April 16 (7. —Dealings In to- | - day's stock market were on a smaller scale. but prices held steady. Liquor and | HEADS ALEXANDRIA BANK. oil issues were in fair demand at higher ALEXANDRIA, Va., April 16 (Spe- | 1 1008 s Ryerson & Haynes Cali Packing Corp 1910 of automobile producton being un- Revised Sta ut‘fi ST Edison Elec Illum 4s 1434 St Regls Paper g ey 4lon the West Coast, lumber produc- | ; yoans and discounts convertible stock and three shares of | Inter Mere Ma: ol Segal Lock & H . 3 3 Int Tel & Tel 4las 1930 2 h and $50 in cash or six shares of new i DyRihEander el (e elivicargloadings) guaranteed Selby Shoe (2) bos 27 21 Valley Ter Rwy | Louls & Nosh B R 4523040 Ing the greatest decrease. 6. Banking houses, $2.415.419.49; Sel & o Ioa S can aouei 100 HUGE INCREASE SEEN il & orh & & 132 1050 estat, an bank SentSaf Control.. 1 i R . Reserve with Federal Reserve Banl IN WINTER SHIPMENTS | ¥ ¥ s west 55 1040 B of collection Sherwin Will (4)_100s 13535 Dixie Cement fis 1941 3 S Singer Mfg (16) 108 300 ton, president, told stockholders at the | Rio Grande West 45 1030 73 Instrument Corp. that shipments ln|\4lnld|um Corp 58 So Penn Of1(111) 433 Warner Bros 6s 1030 . 07 Southl'd Roy bl0e in 1936 and indicated profits for the Stahl Myer Inc. of March last year by 48 per cent, he | 1,271,644.32 Stand Pwr & Lt ar 7 per d | S 74 | pi per cent pereferred stock and | Caro Clinch & Ohio 58 1958 changed from February. are given the option of exchanging | Gen pubnc Serv 5'.8 1939 Scrant S B Wat pf L3378 tion expanded. The most important | Overdrafts Laclede Gas Light 5. common. Selfridgeal92se.. 1 24 Mich Cent R R 4s 1940 5 4 Y $379,873.79 Seversky Afrcraft 9 5 4125 1938 By the Assoctated Press. by ed Pres: | P . Cash items not in process of collection e rsaih South Bel Tel & Tel 55 1041 106% the first quarter of the year were about | VeIlientes Sugar Co SoCalEdptB1% 2 West N Y & Pa 45 1081 Spencer Ch S b75c period were well ahead of last year. Stand Dr cv pf said. 8 2 Stand S11&Ld (4c) 3 1 2 4 n- [0SO TV 3 JUR VIS PO For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments %l | Cheap & Onio Rwy 5s 193y . St Lauiinte ot % |one share of common stock. They With the resumption of shipping | units for two shares of new $2 par | rand R & Ind SR Inte M M s 1941 o " Seeman Bros t214. 455 9% | common, three shares of new common | Int. Tel & Tel 4135 decline for the month was recorded | 3 ynited States Government obligations, direct and/or fully 1b s 5 | | : Seiberling Rubber 8% 8% Lehigh Valey Coal 1 with miscellaneous shipments show- | 4 ouilttanteed oo i Long Isl_Gen : : Selected Indus .. 18 334 2 % Midland R R of N J 55 1940 . Real estate owned other than banking houses Sel [nd pr pf (5% )20808100%% Nyon & 8L u 1038 . Cash, balances with other banks and caSh items in process Sha ook iDenjiniI0E21N | Ea SRR of Missburt e 1078 Simmons Hd & P_ 55 NEW YORK, April 16—E. F. Wes- | pen2URe coenept s, 1 . Other assets annual meeting of Weston Electrical | Assn St L 4%as 19397 10574 Sonctone L (alle) 12 1% s RWy Co 58 1038 100% 26 per s SontHnIUAIon G per cent ahead of the same quarter West Union Tel 5s 1938 10134 Square D pf A 2.20 508 March incoming orders exceeded those | 3tand Ol Ky (1) Starrett Corp vte. $229,554.66 Sterchi Bros a30c Sterl Alum Pa 760 Sterl'g Brew a%5c. 2 Sterling, Inc(20c) 22 Stetson (JB)b50c_. 268 Stinnes(Hugo)d_. 1 Stroock & Co (2) . Stutz Motor 0T Sullivan Machine_ 1 Sunray Oil (bic) . 17 Sunshine Min (3). 16 TaggartCorp .. 2 Tampa El (2.24)__ 1 ‘Tastyeast(Del)A - Taylor Dist (30¢). Tech Hughes t40c 7 Technicolor ab0e. 12 420 pounds. 10.05a10.23 Thew Shovel a60c 505 §508%0.10; Dacking sows Tob Prod Exp 16c 1 Cattle. 1.500: 50 Todd Shipyd (12) 6508 classes active In' steady to strong clean-up Tr-Lux DPS 1200. 1 frade: ail light cattle, both Steere ang heifers, measurably higher than week ago: Transwest OilCo- & today's steer crop mostly medium to Tow Tri-Contl C war . 14 Erade lightwelghts at 025 Tubize Chatillion. 2 AT eifers TubizeCh A (b1). & 50, down; Tung-8ol Lump n. 2 low cutte lgu;sllybe: .25a5.00. Un Gasof Can 50e. 7 ter an 1 to l!”:"'“‘z'a‘é“;:m ~ 12 ety “welshty, D0 o e aioo Unit G&E pf (7)_. 20s 10,000, lntludlnl 3.500 dlrect Unit Lt & Pw (A). 19 J ol Unit Lt & Pw pt__ : Unit Shipyds B __ Unit Shoe M +2% 1008 USFoll (B) (1).. 2 US Lines pt 2 U 8 Rub Reclaim_ U 8 Stores Unit Stores vtc._ Unit Verde Bx (1) Unit Wall Paper . Univ Cons Oil(a1) Univ Corp'n v.t.c._ Uta P&L pf b87%¢ s Utah Radio Prod Ul P& Lot (@) 650s Utility Bquities 1 b. b Wolverine Port C. % 5l Van Nor Ma b40c Triah Barn et R Veni i YgstnStiDoor(2) 1 72 12 T2 Venezuela Petrol_ aubrieny or" scmanaga) sasment. " Waitt&B'd A a50c 6 1 L] 1 Sual rate—not . including extras Walker Minins 2 lends. Paid last 1 3 2 1047 53,586.741.69 [RORoR () Total Deposits - $53,816,296.35 Interest, taxes and other expenses accrued and unpaid.. Dividends declared but not yet payable and amounts set aside for dividends not declared. . Other liabilities . Capital account: Common stock, 34,000 shares, share Surplus - Undivided profits—net Reserves for contingencies - high P S 65 ex Uil bs 59,379.76 ong, Is Lt 6 = m 68,000.00 Haniioos BUILOING § LOAW 14,759.77 ~am ATOCIATION Councit of D.. NATIONAL rmcrrz eI1 Duumm‘. wnon par $100.00 per - $3,400,000.00 3,400,000.00 1,136,221.73 322,391.82 prices and the industrial section and tobacco ‘stocks were fairly active. Gilt edged securities and trans-Atlantics sold | olsb —Disectors of the Ciisens' Na- |3t SRl URgbintd o el e | tional Bank yesterday electe lyde | closed firm in today's Bourse. while the | ¥ Y remainder of the list was mixed. C. Lamond, sr., a member of their finished with net losses of 5 to 35 centimes board, to the presidency of that insti- Fs‘gr%‘lgnlag:gll declined 150 "l"" Royal tr\‘mon, succeeding the late Cerroll | “x,w\mp{:or. - ".‘1‘“&" broke sharply, closing 51 a own. with | jerceApholcled Feceniily; October tonching a_low for the season. e The market declined due to weakness in otfier Erain ceniers, avsence of milling de- mand and uncovering of stop orders { CHICAGO LIVE STOCK Cotton_futures declined 6 to 20 points. GHICAGO. April 16 (%1 (United tates | PELDS, Jnfluenced by weakness n overseas Depurtment of Asriculture —Hogs, RGO | mouifies. Wop orders were upcovered and Udin e arket strong 1o ¢as DOOT. 10 higher than Thursday's average. spotg | 06T Rnd Was Poor. up more on medium-grade lightweights: NEW YORK SUGAR. NEW YORK, April 15 (#.—Raw_ sugar was firm and unchanged early today at for spot and 3.47 for later shipment. s were ‘corlrmed of 23000 bags of Cuba to an_outport refiner for April ship- 27.000 bags of Philippines and | s May top. 10.30: bulk, good and cholce, largely 9.30a 25 and under. Slaughter ‘Total Capital Account. $8,258,613.55 Total Liabilities $62,217,049.43 ) MEMORANDUM: Loans and Investments Pledged to Secure Liabilities. 31. United States Government obligations, direct and/or fully guaranteed ih | most ikt oferisay er and cutter cows (Sirong welghts L v his pri But Sittie” offered” and holders generany were asking 3.50, Futures moved fi-mc e Amonrtized L01.\NS for buying, bdbuilding or refinancing loans on your home, made under Federal Hous- ing Act, Title 2. This Bank Has Made Over $2,000,000.00 of These Loans SECURITY avings & Commercial BANK Two Convenient Branchest % &G , 1518 Sts. NW. ® St NW. ember Federal Deposit Mrverante Corporation $1,579,027.78 S % k) > oy N irregularly during the y_trading. contract wa Satier under further lautdation and. eom 2 mission house selling and hedging by pro- ducing interests, promoted by the report that little progress was being made at the ndon world conference. o oS held Rteady on further trade buying and in sympathy with the Armness of actuals, July No. 4 sold down to 123V and Seotember to 125 or 3 wer. and wers rulini ]rgiddl! when the No. 3 contract was 1 to 2 boints net, higher with July at 2.564 and | ber at 2. s“"g;\ea was unchanged at 4.80 for fine | granulated with a moderate “withdrawal | demand reported. but not much new busi- ness. 2 34 Total pledged (excluding rediscounts) $1,579,027.78 0y, e rgtHRt ' ‘ol . goacs (- RRRS £ en™ . SANA 35. Pledged: (c) Against deposits of trust departments .. (d) Against other deposits (f) With State authorities to qualify for the exercise of fiduciary powers .. (g) For other purposes . 4 5 2 N ) 2nPES=D0! SRRSZERER 500,531.86 75,396.06 o 245 5 o A 3z L o 2R S 7/ 1,002,088.35 1,011.51 Ag e by o, 2 (h) Total pledged ... $1,579,027.78 =3 2:30 Dividend Rat s;}:fio High. Low. Cl SRR Dividend Rate. g] w. Close. Wnotwth Mfgblse 2 7% 1T% 1% METAL MARKET. Wiiaionl & Coke SR BE 5§ YORK. April 16 (F).—Copper un- Weisbaum B B 40¢c 9 9 9 electrolytic. spot and lu(ured Western Auto Sup 28 283 283 Gak: pot a0 Wil-low Cafeteria % % % Wilson Jones a2% 52 62 62 | District of Columbia, &s: I, JAMES C. DULIN, JR. treasurer of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. JAMES C. DULIN, JR., Treasurer. Sworn to and subscribed before me this 12th day of April, 1937. (8eal.) HARRY G. MULLER, Notary Public. My commission expires March 21, 1939. Correct—Attest: CORCORAN THOM, WM. L. BEALE, C. A. ASPINWALL, HARRY K. BOSS, JOHN SAUL, NEWBOLD NOYES, CHAS. A. CARRY, WM. J. FLATHER, JR, Con>= 2! o> SE5ZS 2% ast St s o it ey T T i S " ¢ Diaiinum and' wolframite un- n—Nominal. MONEY MARKET. NEW YORK. April 16 (#).—Call money Ite 'ady; 1 per cent all 41 prime commer- r 1 cent; time 8% FOREIGN BONDS. Chile M B 6s 31 mat__ 19% m' xsnco HL‘ a7 72 smu ; 957% A diver. changed. 30 18% EDWARD G. YONKER, M. G. GIBBS, S. PERCY THOMPSON, HOWARD MORAN, GIST BLAIR, F. W. COLEMAN, WM. MONTGOMERY. Directors. last tAn- $Ac- gumuated divi aid s Wayne Knit Mills. Beine tn bankruptcy or in receive Wayne Pump (500 rahip, beg.\l mn‘:flm.d under. flu;-' '{f,’:fi"""’ . act, or sec sssum com- Well't’n O1l of Del 2 3 lnm steady: ] Tediscount % per cent. r-u )'I' Yark lnurvc lu‘