Evening Star Newspaper, April 17, 1937, Page 11

FINANCIAL. — THE EVENING STAR, WASHINGTON, D. C., SATURDAY, APRIL 17, 1937. » A—11 ———————————————_—__:___.—__—_—E_ INSURAN(}EMEN TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direet te The Star. ASKED TO ATTEND D. C. Underwriters Invited to Round-Table Parley of U. S. Chamber. BY EDWARD C. STONE. Members of the District of Colum- bia Life Underwriters’ Association have been extended a special invitation to take part in an insurance round-table conference on Tuesday, April 27, in tonnection with the annual meet- Ing of the United Btates Chamber Prev High. 80% 223 80% 16% 5% 59% 45% 258% 331 217% 83% 8% 41% 80% 160 121 of Commerce. Three prominent speakers have been secured. O. J. Arnold, president of the Northwestern Na- tional Life Insur- ance Co., Minne- apolis, will dis- cuss “Investment Policies of Life Insurange Com- panies.” John C. Blackall, insurance commissioner of Connecticut, will speak on “Increasing Uniformity in State Supervision and Regulation of Insurance.” In addi- tion, P. D. Betterley, a business man who has made a special study of in- surance subjects, will discuss “Recent Developments in Workmen's Compen- sation Legislation and Their Practical Effects.” The program, just announced, shows many other prominent speakers listed for the twenty-fifth anniversary of the national association. Washington will supply many. Among them will be Ellsworth C. Alvord, who will discuss “The Tax and Its Background.” An- other will be Dr. Wilson Kompton, secretary-manager of the National Lumber Manufacturers’ Association, his topic being, “How Successful Has Our Tariff Bargaining Been?” Senator Royal S. Copeland is on the program to speak on “What Is Needed for Food Control?” Sir Will- mott Lewis, Washington correspondent of the London Times, is booked to present “An International Viewpoint on American Problems.” At the gen- eral session on Wednesday morning, April 28, Assistant Secretary of Labor Edward F. McGrady will address the convention on “Labor Relations in Industry.” Roy M. Green, Agriculture Depart- ment financial expert, will speak at & luncheon conference on “Crop In- surance.” Dr. L. C. Gray, Agricul- ture Department, will speak on “Farm Tenancy,” and H. R. Tolley of the eame department will take up “Crop Control.” Robert V. Fleming, presi- dent of the Riggs National Bank, is to preside at a round-table conference on “Inflation Dangers,” while Mark Sul- livan, writer, will give a review of the past 25 years. At all general sessions President Harper Sibley will be in the chair during the four-day session. Healy to Address Bankers. It was announced today that Robert E. Healy of the Securities and Ex- shange Commission will give an ad- dress covering Gpvernment activities In connection with the utilities, at the annual convention of the Na- tional Association of Mutual Savings Banks in New York, April 28, 29 and 80. Another speaker is to be Maj. L. L. B. Angas, noted British economist, Harper Sibley, who will discuss the “Economic Out- fook Under Managed Money.” Harold | G. Moulton, president of the Brook- | ings Institute, has the subject “Ob- | servations on the Railroad Situation Today.” | Virgil Jordan, president, National | fndustrial Conference Board, has an Important place on the program. The | savings executives and trustees are to give special attention to the out- look for thrift, at a time when the mutual savings banks report record | deposits and depositors. The final session on Friday morning will be given over to consideration of mortgage problems and insurance. A. George Gilman, chairman of the Committee on Mortgages, will be in charge of this discussion. Charles G. Edwards, real estate authority, and president, Central Savings Bank, New York, is to address the meeting | on important aspects of the mortgage situation. National Dairy Report Gains. President Thomas McInnerney of the National Dairy Corp., which has two units in Washington, reports that business in the first quarter of 1937 was unusually good, better than it is likely to be for the rest of the year, he said. However, profits should be slightly better than in 1936, he added. Bank clearings in the Capital for the week ended April 14 totaled $27,761 438.18, compared with $22,- 218,751.45, an increase of 24.9 per cent. They were 6 per cent lower than in the previous week. Clearings in Baltimore were up 24 per cent and in Richmond 22 per cent over last year. H. Lawrence Choate, general agent here of the Mutual Benefit Life Insur- ance Co., Newark, N. J., was elected president of the company’s chapter of chartered life underwriters at the Atlantic City convention this week. ‘The agency was given second place for efficiency in a national rating. President Hugh Leach of the Fed- eral Reserve Bank of Richmond has sent notices to all member banks in the fifth district tat daylight-saving time will go into effec* in many Teserve banks and branches on Mon- “day, April 26. Bankers must keep this in mind in the telegraphic trans- fer of funds. The annual resident session of the Graduate School of Banking, spon- sored by the American Bankers' Asso- ciation, will be held from June 21 to July 8 at Rutgers University. Trust courses will be taught by Prof. Austin W. Scott of Harvard Law School and Gilbert T. Stephenson, director of trust research, American .nstitute of Banking. Jones Heads Trust Co. Ashton C. Jones, sr., director in the Clarendon Trust Co., was elected presi- dent of the institution yesterday, suc- ceeding C. Clyde Lamond, who resigned to accept the presidency of the Citizens’ National Bank of Alexandria. Mr. Jones is & prominent real estate dealer and has been a resident of Arlington County 28 years. He Is president of the First Federal Savings & Loan Association, past president of the Virginia Real Estate Board and the Arlington County Chamber of Commerce and is a director of the Arlington Trust Co. S s e FEDERAL LAND BANKS YORK. April 17 (P.—Federal und Bank bonds: B Asked 1956-46. 104 5514 37 181 523 18% 36% 92 9y 1% 91 120 405 473, 437 1937 Stock and Low Dividend Rate. 63% Acme Steel (4). 15 Adams Exp llSSc)A. 68% Alr Reduction (t1). 13% Alaska Jun (160¢c).. 3% Alleghany Corp..... 43% Alleg pf ww $30____ 361 Alleg Steel (b40c) .. 225 Allied Chem (6) 25% Allied Mills (b50c) 16% Allied Stores (b20c) 63% Allis-Chalm (b50c) - 474 Amal Leathe: 25 Am Bank Note (11)- 58 Am Brake Sh (12) __ 125 Am Brake Sh pf5%. 101% Am Can (t4) - 56 Am Car & Foundry_ 92% Am Car & Fy pf(b4) 72 Am Chain & Ca bl 263% Am Comcl Al ab0c. T Am & Foreign Pwr_. 54 Am & For Pw $7 pf_ 20% Am & For Pw 2d pf_ 18 Am Hawaiian (1) 6% Am Hide & Leather. 23 Am lce B 17% Am Ice pf (2). 13% Am Interntl (a40c)- 43 Am Locomotive ___ 22% Am Mach & F (t1).. 10% Am Mach & Met 60c. 50% Am Metals_ . ______ 62 Am News (N Y) (3). 10% Am Power & Light... 564 Am Pw & Lt pf (5)-. 66 Am Pw & Lt pf (6). 23 Am Radiator t60c.__ 3314 Am Roll Mill $1.20_. 8814 Am Smelt & Ref(3). 59 Am Snuff (t3) __. 57 Am Steel F (b50¢) 3% Am Stl F rts May 15 20 Am Stores (2) 21': Am Sum Tob (t1) 1674 Am Tel & Tel (9) 782 Am Tobacco (5) _ 80% Am Tobacco B (5) .. 28%2 Am Tobacco pf (6) . 14% Am Type Founders_ 207 Am Water W (80c) . 64 Am Woolen pf (bl). 6% Am Zinc & Lead _ 524 Anaconda Cop (t1)- 512 AP W Paper __ 7 Armour(Ill) blsc 5912 Armstrong Cork(2). 13% Arnold Cnst b62%c. 18'5 Assoc Dry Goods_ 691 Atch T & S Fe(a2)_. 100 Atch T& S F pf(5)_ 44% Atl Coast Line(al)_ 30% Atl Refining (t1) .o 16% Atlas Corp (80c) . 5013 Atlas Corp pf (3) 1413 Atlas Tack (1) 28Y% Auburn Auto Tls Austin Nichols - 6% Aviation Corp Del... 8 Baldwin Loco (d)_.. 6'; Baldwin asd (d) .. 881; Baldwin pf asd(d)-. 20% Baltimore & Ohio .. 33% Baltimore & Oh pf_. 357y Barber Co (a75¢) 26'x Barnsdall (1) 112 Bayuk 1st pf (7) 24 Beatrice Cream t1 123% Belding Hemin (1). 235 Bendix Avia(b25e) . 20% Benef Ind Lin (b%5¢) 56 Best& Co (212) . 73 Bethlehem (al%)_. 52 Bigelow-San b50c. 33% Boeing Airplane ___ 2 41% Bon Ami (B) (2%)._ 257 Borden Co (1.60) __. 724 Borg-Warner (4) ___ 163 Bridgept Brss(60c %2 Bridep't Br rts Ap29 45Y% Briggs Mfg (12) 437 Briggs & Strat (3)_. 36 Bklyn-Man Tr (4) .. 8814 Bklyn-Man T pf(6). 514 Bklyn & Queens _ 25% Bkn & Q T pf (3) - 38 Bklyn Un Gas (3) 45%; Brown Shoe (3) 20% Brunswick-Balk 1815 Bucyrus-Erie _ 10'x Budd (EG) Mfg ___ 9% Budd Wheel(a20¢) .. 5015 Bulova Watch (14). 29% Butler pf (1%) __. 5% Butte Cop & Z(abc) - 25% Byers (AM) .. ___ 27 Bwron Jackson (t1) 2% Callahan Zinc-Lead 14Y% Calumet&Hecla (1) 2713 Canada Dry G Ale . 14 Canadian Pacific 100 Car Clin & O stp (5) 7 Carriers & Gen(b5c) 85% Caterpillar Tr (12) 26% Celanese (b75¢) + 106'% Celanese pr pf A(7) 3613 Celotex Corp 76 Celotex Corp pf(5). 8% Central Foundry _ 101 Cent 11l Lt pf(412)._ 17 Cent Violeta Sug ._. 67!% Cerro de Pasco (4). 16Y% Certain-teed Prd . 677 Certain-teed pf (6) 35% Champion Pap (1) 108'% Champion P ptf (6) _. 78% Chesapeake Crp(3). 57% Ches & Ohio 12.80 _. 91 Ches& Oh pf A (4). 2% Chi Grt West (d) .. 2 Chi Mil St P&P (d) - 4% Chi M St P&P pf(d) 3% Chi& N W (d) 23 Chi Pneumatic Tool 5% Chi RI&P 6% pf(d). 6% Chi RI&P 1% pf(d) 12! Childs Co ' 110% Chrysler (bll) 2 108 69Y% 114 21% 4% 19% 45% 49% 108 13% 17% 105 15 13% 52% 37% 378 5% 698, 25% 14% 127 20% 135% 29 180% 17 16 45% 16 T 108% A% 41% 107% 46% 58 1875 City Ice & Fuel (2). 85 City [ce& Fpf 6% . 814 City Stores 32Y% Clark Equip(t1 60) 35 Clev Graph Br (2) .. 19% Colgate-P-P(150c) .. 53 Collins & Ak (12) .. 108t Collins & Aik pf(5) 13% Columb G & EI1(40c) 94 ColG&EDfA (6).. 56% Comcl Credit (+4) 100 Comcl Cred pf (4%) 16% Comel Solv (160c) .. 27% Comw & Southern. 1314 Conde Nast Pub.__. 36% Congoleum-. Nrn(l) 381 Cons Edis N Y(12)._. 10415 Cons Ed N Y pf(5)_. 9% Cons Laundries_.__ 15% Cons Oil (80c) 7 Cons R R Cuba pf_.. 74 Cons Textile (d) .. 814 Cons Coal(Del)vte 33 Cons Coal Del vtc pf 20% Container Corp 1.20 27% Contl Baking (A) __. 3 Contl Baking (B) 55% Contl Can (3) - 20% Contl Diamond (2). 37 Contl Lnsur (11.60). 2% Contl Motors 40Y% Contl Oil Del (1) .. 63% Corn Prod Ref(t3).. 6 Coty Inc . 46 Crane Co 29% Cream of whll((l). 70% Crown Cork & 8(2). 471 Crn C&S pf ww 23 _ 17 Crown Zeller(new) _ 99 Crown Zell cu p£(5). 51 Crucible Steel - 11% Cuba RR pt . 10 Cuban-Am Suga 110 Cuban-Am Sug pf_. 16% Curtis Publishing... 92% Curtis Pub pf (7)... 61 Curtiss-Wright . 18% Curtiss-W (A)as0c_ 80 Cushman S pf 3% . 76 Cutler-Ham (b50e). 104% Deere & Co 22 Delsel- Wem—G('l) 42% Delaware & Hudson 17% Del Lack & West 30% Diamond Mth(b50c) 24% Distil Corp Seag ... 41% Dome Mines (13) .. b54% Douglas Afrcraft. .. 32% Dresser B (al1). ____ % Duluth 8 S & Atl._. 164 Du Pont (b76c) . 11% Eastern Roll Mill; 11% Eitington-Schild___ 38 Elec Auto Lt 12.40_. 11% Elec Boat (a80c) _. 5% Elec&Mus I (al8¢c).- 19% Elec Pow & Light . 67'% Elec Pw & Lt $6 pf_ 39% Elec Storage Bat (3* 1'% Elk Horn Coal (4) .. 55% Endicott-John (3) .. 63 Eng PbS$5pfb3¥% 13% Erie R R - 12 Bureka Vac (80¢)... 28% Evans Prod (1) ... 21 Federal Lt & Trac. 36 Fed'd Dept Str(2) .. 101 Fed'ted Dep S pf 4% 37% Fidel Phoenix 11.60. 32% Firestone T&R (3) 103% Firestone pf A (€)— 38% Flintkote Co (1) -ewe 473% Food Machine (1) Sales— Add 00. Bigh. Lo 79 76 Net w. Close. chge. 79 +4 18% 5% + % 13% — W% % - % 51 -1 1% 3814 — 242 240 2&2 +2 7% 17% =35 K EELLIIL LU TL EET - - S - PSS PTOTSIOTOITS - (VPP PP I 167% 1674 811y 81y 831 834 133 133 15% 15 21% 214 69% 69 147 554 8y 11% 62% 13% 18% 81 99% 48 17% 3b6% 371 374 32 31% 112 112 26% 13% 24 20% 561 898y 57 40 Prey High. Low. b4k 18% 32% 1u7 19% 1937 Stock and ividend Rate, 43 Foster-Wheeler 123 Francisco SBuga 26% Freeport Sulph (1)_ 109% Freeport Sul pf(6)_. 16 Gar Wood Ind a55c_ 1214 Gen Am Inv(a%76c).. 15% Gen Bakins (160c)... 26% Gen Cable _ 51% Gen Electric (bloo) 39% Gen Foods (2) ... 2% Gen Gas & Elec(A).. 57 Gen G&E 6% cv pfA % 57% Gen Motors(b25c) .. llfi‘n 39% 167% 11% A% 59 59% 36 15% 39% 111 30% 431 431 277% 17% 901y 23% 23y 38 46% 131% 3314 6 18% 11% 28 Eae) 631y 189 1114 16% 16% 188, T3%, 24% 18 9% 1218 58% 1114 10 84 16 ~ 634 101»: 30 1585 136 29 44 2% 137 - Ao o 24 24 108% 108% 70 69% 1214 12% 10% 10% 11 111 15% 16% 945 94% 6% 6% 19% 19% 80 80 79 19 128% 127 23% % - > 9 » o g [OPUVT- T F T TTE - 1o ISP Y - 1 102% 102% 38% 36% 104% 38% 38% 56 5b% 79 15% 114 23 k1 147% | 28% {5 s TH++4+ 10+ 47% 2% 26Y% 35% 122 124 16‘4- (B0 34% 6% 1+1 1+ + +1 FEFSE R FF RELS L | FRE FFE PP REFRERFFEFFEE F L EF FE X 110 200 28% 00% 8% 44% 29% - T% 10% 23% 64 103% 21% — % 3 + % 39% 1% + 4% 56% — % 65 -1 19% — % 124 + W 30% + % s ZIW— % 102% % 39 + u 364 ~ % 104% — % 38Y% 56 15% Gillette S Raz (t1)_ 20% Gimbel Bros - 83% Gimbel Bros pf(6).. 43 Glidden Co (2) . 5% Gobel (Adolf) - 31 Goodrich(BF)(al). 27% Goody'r T&R bb0c__ 8 Graham-Paige 6% Granby Cons 232 Granby rights Ap 26 3% Grand Union ctfs. 40% Grt Northern pf.__. 19 Grt Northn Ore (1) 35 Grt West Sug 12.40. 138 Grt Wst Sug pf(7).. 82% Green H L (11.60) .. 18% Greyhound (t80c)._.. 10% Greyhound pf (56¢). 3 Guantanamo Sug... 40 Guantanamopf. __. 49% Gulf Mobile & N pf_ 29 Hack WpfA (1%) 13 Hecker Prod (60c) . 28% Hercules Motor(t1) 102Y Hershey Ch pf(t4)_ 21 Hollander & Son(1). 31% Holly Sugar (12).__ 355 Homestake (112) _. 21Y% Houd-Her B (113%4). 1213 Houston Ofl vte _ 62% Howe Sound (13) 18' Hudson Motor. 1% Hupp Motors 224 I1linois Central 36% Indus Rayon (1)_-_ 112 Inland Steel (4) 22% Inspiration Cop.... 5 Insur Sh Md (bl0c). 8% Inter Rap Tr vte(d) 4% Intercontl Rubber.. 16% Interlake Iron 5 Intl Agricultural_.. 42 Intl Agricul prpf__. 159% Intl Bus Mach(16)_. 99% Intl Harvester(2%). 8% Intl HydroE1 A _.. 614 Intl Mercantile M__. 12% Intl Mining (a90c).. 6215 Intl Nickel (b50¢).. 1615 Intl Paper (A) ... 10% Intl Paper (B) .aeae 5% I[ntl Paper (C) 90% Intl Paper pf_ 41 Inti Print [nk 109% Intl Print Ink pt(6) 7% Intl Ry Cent Am 6% Intl Ry Cent Am vtc 11% Intl Tel & Tel . . 28% Interstat Dp St b2% 103% Inter Dept St pf(7). 26% Island Creek (2)__.. 127 Johns-Manv (13) 123 Jon&L 7% pf(bl% 20 Kans City South 38 Kans City So p!(ll) 231 Kayser J & Co (2) .. 55% Kennecott (b50c) 88Y% Kimberly Clark(1). 5'3 Kinney (G R) Co.__ 47 Kinney pf (al) 2413 Kresge S S (b30ec).__ 39% Kress S H (1.60) 22 Kroger Groo (11.6 Y 1815 Lambert Co (2) ... 38% Leh Port Cmt 1% .. 2'» Lehigh Valley Coal. 113 Lehigh Val Coal pf. 17% Lehigh Valley R R... 118 Lehman Corp (13) _. 18 Lehn & Fink(allg). 663 Libbey-Ow-F b7sc__ 9% Libby McN & L(al). 98 Ligg & Myers B 1. 213% Lily Tulip (11%) .. 59 Lima Locomotive_.. 6413 Loew's Ino (12) 2% Loft Inc 56 Lone Star Cmt bibc. 6% Long-Bell Lumb(A) 22% Lorillard P (11.20) . 138% Lorillard P pf (7). 1943 Lou Gas & Elec (A). 87% Louis & Nash b2% . 2912 McCall Corp (12) 18% McCrory Stores _ 40% McGraw Elec (\‘2).. 363 Mclntyre Porcu(2). 33% McKeesp't Tin Plate 12% McKesson & Rob __ 45 McKess & Rb pf(3). 42% Mack Trucks (11)_. 50' Macy (R H) (t2)___ 11% Madison Sq G(80c) . 52 Magma Copper (2) 10% Man El md gtd (d) .. 10% Marine Mid (t40¢c) .. 29% Market St Ry pr pf_. 187% Marshall Field ... 9 Martin-Parry co... 58 Masonite (11)_ 36 Mathieson Alk(1 “) 25% Mead Corp. .- 95 Mead Corp pf (6 11% Mengel Co 41 Mengel 1st pf - 59 Mesta Mach (b1%)- 16% Miami Copper 29% Mid-Cont Pet al.15_ 116% Midid Stl 1st pf(8) 118% Minn-Hn R pf B(4). 11 Minn Moline Pow._ 6% Mo Kans & Texas _ 24% Mo Kans & Tex pf A 3 Mo Pacific (d) - 7 Mo Pacific pf (d)__. 89 Monsanto Chm(t1). 53% Montg Ward (12) _. 1% Mother Lode al1234c. 21% Motor Wheel(1.60)_ 41% Mueller Brass (t1). 31 Mullins B (a50¢) ... 91% Mullins pf (7). 18 82 Murphy rts May 10 156% Murray Corp(a50c). 58% Myers (F E) (b1)__. 17% Nash Kelv (1) .__.. 38 NashvChat& St L. 285 Natl Biscuit (1.60)_ 29% Natl Cash Reg (1) . 23% Natl Dairy Prd 1.20. 274 Natl Distillers(t3)_ 33% Natl Lead (150¢c) 48 Natl Mall & S C b50c 10% Natl Pw & Lt (60c). 5 Natl Ry Mex 2d pf._. 70 Natl Steel (t214) 62 Natl Supply Co 11% Natomas (180c)_ 31%4 Newport lnd(bfiou). 40 N Y Central % N Y Cent rts Mayl 83 NYChi&StLopf _. 17 N Y City Omnibp w. Y Dock o 1% NY Shlpb\l!ldin‘«. 107 N Y Steam 1st (7). 2 Norfolk South (d) . 121% North Am Aviation. 25 North Am Co(b30c). 2T% Northern Pacific ... 51% Northwest Tel (3)_. 3% Norwalk Tire & R 17% Ohio O1l (a60c) . 58% Oliver Farm Equip- 18% Omnibus Corp vtc_. 138% Oppenheim Collin: 16% Otis Steel .. . 75 OtisStlcv pf (535). 22% Outboard Mot b75¢_. 150 Owens-Il11G1 (6) - 19% Pacific Am Fish 1.20 18 Pacific Coast2d____ 24 Paoc Finance(11.80). 305% Pac Gas & Elec (3)- 48% Pao Lighting (3) ... 22% Pac West Oil(aé5c). 103% Packard Mot (b18e). 2% Panhandle P& R___ Net Add 00. High, Low. Close. chge. 2 48% 48% 48% — U 1 13, 13 3 28 28 808 117 116 15 15 14% 144 15% 16% 28% 54 41% 2% 58% 9% llBK ll!Vc - % % 10% 10% — % 17 4% 72 -3 3T % 84% 25% — % 86% + % 45% 5% 45% — % 41% - W 3%+ W % 9% 9% - W 232 232 -1382 3% 3% 51 51 — % 23% 24% + % 36 364 + % 1381 138% — 14 34% 34U+ % 14% o © . g Slwe~Smonsowarsan~no o) @ e 55 91 30,00 50 00 &Y b N0 - G syxfey sassEs VA AN P [STOTH o P R IO P AU TR PO - TN PO A P e o) 22 47 30% 8 21 82 21 82 11 32 16% 65 66 +2 21% 21% — 40 40 4+ 28% 33% 24% 82% 36% 50 10% % 8814 98% 11 33 48% 49 158214 3216 32+132 9 + 60 Panhandle P&R pf_. 320s 22% Paramount Pic. _ 161 Paramnt 1st pf (6)—. 4% Park Utah . __ oo 38 Parke Davis (b1)_.. 247 Parker Rust (t13). 5% Parmelee Trans 7% Pathe Film Corp___. 14% Patino Mines(t60c). 49% Penick & Ford(13).. 97 PenneyJC) (4) .- 7% Penn Dixie Cement. 22 Penn Gl Sdctablc_. 39% Penn Railroad (a3)- 48% Peoples Gas Chi.... 34 Pere Marquette. ... 17% Petr Corp Am 890a... 10% Pfeiffer Brew bé0e. . 532 Pfeiff Brrts May 13. 47% Phelps Dodge b3bo.. | Anacostia & Pot. Prev 1937 Stock and High. Low. Dividend Rate. 3% 1% Phila Read C&I (4)_ 84% 70 Philip Morris(b3%) 59% 49% Phillfps Petrol (2) 33% 28! Pillsbury Flour 1.60 20 18% Pitts Screw&B d1bo. 122 100 Pitts Steel pf_ 3% Pitts United % 81% Pitts & W Vi 243 Plymouth Ol (1) 24% Poor & Co (B) . 7 Porto R Am Tob A.. 2% Porto R Am Tob B.. 10 Postal Tel&C pf(d). 24 Press Stl 1st pf 26c. 65% Proctor & Gam(12). 43 PubSvcNJ (2.60).. 58 Pullman Ine (1% 19% Pure Of1 — 99 PureOil 6% pf____. 108 PureOil8% pf ___. 18% Purity Bak (60¢) ... 10% Radio Corp - 7% Radio-Keith-Or (d). 64 Real SHpfaldl, _ 18% Rellable Str (a50c) 31% Reliance Mfg (160c) 21'% Rem-Rand (160c) . 3 (3 12 112% 23% 12% 10 83 22% 35% 29% 9l (7‘/‘ 3314 Revere Copper.. 186% 1281 Revere Cop pf hl%. 34% 24% Reynolds Spr (t1) _. 30% 24% Reynolds Met (11).. 50% Reynolds Tob B (3). 18% Rhine Westphalia_. 38% Safeway Stores(t32) 97% Safeway Strs pt! 113 110 Safeway Strs pf(7). 43% St Joseph Ld(bb0c). 2 Schulte R Strs (a).. 17 Schulte R 8 pf (d).. 38 Scott Paper (1) _ 114 Seaboard Afr L (d) . 6 Seaboard A L pf(d). 40Y% Seaboard Ofl (1) 81 Sears Roebuck (3) 28 Servel Inc (t1) 29 Sharon Stl (+1.20) .. 104 Sharpe & Dohme __. 1415 Shattuck F G (60c). 3714 Sheaffer Pen(bl1% ). 2674 Shell Un O1l (a25¢) . 105% 102 Shell Un Oil pf 6% ... 7 12'% Silver King (b25c) .. 44'% Simmons Co (b50c). 314 Simms Petrol. 42 Skelly Ofl__ 21% Snider Pkg (b1%) 16% Socony-Vac (b25c) - 4% South Am G & P 30c. 34 - South Port S8ug(t2). 26 So Cal Edison t1%.. 42% Southern Pacific_._. 24 Southern Ry .. 47% Southern Ry pf. 7 Sparks-Withing. 19 Sperry Corp vtc(a1) 2814 Spicer Mfg (a3) 22% Spiegel, Inc (1) __ 41'5 Square D (B) b25c_. 14% Stand Brands(t80c) 124 Stand Brands pf(7). 8% Stand Gas & El (d) . 25 Stand G&E $4 pf(d) 275 Stand Inv Corp 43% Stand Ofl Calif(11). 44% Stand Oil Ind (1) _. 67% Stand Ol N J (11) . 65 Sterling Prod 13.80_ 17% Stewart-Warn t500. 22% Stone & Web(a25c). 18% Studebaker Corp.._ 4% Superior Of] _ . ____. 13 SweetsCoof Am_.. 25'% Swift & Co (11.20) .. 3013 Swift Intl Ltd (2)_. 18% Symington ww b10ec. 14 Symington xw bl0c. 1175 Tenn Corp (al5¢) 50% Texas Corp (2) 7 Texas Gulf Prabc__ 38'3 Texas Gulf Sul (12) 185 Tex Pac C&O bl0c._. 11'3 Texas P L T (al0c). 37 Thatcher Mfg (t1). -5 A ANWBNN DS =N AN S 1080~ n 19 9 44 16% 15% 48 Md 00. High, Prev 1937 High. 1% 93! 73% bT% 34% 137 23 150 9% Bl 841 4% 2% 5814y 39% 88 12% T4% 115 104 FEF FEE & | - e e (G} FEEE £ 109 123% 11% 8314 57% 167% 65 33% 12% 65% 47 112% 100 76 37% 46% 101% 40% FE FEe ¥ +11+1010 O 25" 327 19% 14% 13% 6285 8% 39% 15% 12% — 42% ~1% 32% 19% 14% 134 628 8% 393, 15% 127% 42% FEIEF FESFES Pi®lst++1 108 Va El & Pw pf (6)_- Approximate Sales of Stocks on 11:00P. M. 1, | not including _extras. 4 Gompanies xEx dividend. Btock and Low. Dividend Rate. Mdofl High, Low. 86 The Fair pf (7). ., U 89% B9 10 Thermoid Co 5% Third Avenu 6% Thompson S 28% Thompson Star pL. 18% Tide Wat A O (60c). 22 Timken Detroit $1.. 62 Timken Roller B(3) 15% Transamerica t40c.. 16% Trans Wst Alr a2sc. 9 Tri-Contl (ablc) ... 814 Truax-Traer(b2be). 33% 20th Cent Fox b50c... 16% Twin Coach (a1.40). 63 Urnion Bag & P (2).. 97% Union Carb (3.20) __ 24% Union Oil(Calif)1.20 92% Union Pacific pf(4). 27% Utd Alrcraft(a50c). 17% Utd Alr Lines a20c.. 78 Utd Carbon (4) __. 5% Utd Corp (IZUG)—.-. 41% Utd Corp pf (3) ... 13% Utd Drug (a75¢) .__. 18% Utd Dyewood (1) 7% Utd Elec Coal 1% Unit E1C rts May 14 46% Utd Eng & Fy (12).. 80% United Fruit (13)__. 13% Utd Gas Imp (1).._. 61 Utd Paperboard____ 23% U S Freight (11) ... 111 USGypsum (2) .. 17 USHoffman______. 874 U 8 Indus Alcohol — 6% U S Leather vtc 13% 77 S Leather(A)vtc_. 89 USL'hrprpfbl¥%. 59% U S Pipe & Fdry(3). 13% U S Realty & Imp 44% U S Rubber____ 92% U S Rubber 1st pt. 75 U S Steel _ 139% U S Steel pf (7) 7 Unit Stk Yds 150!:) 5% Utd Stores (A) - 78 Utd Strpfal4.81% _ 2% Util Pw&Lt (A)(d). 1% Vadsco Sales Corp... 48 Vadsco Sales C pt. 28% Vanadium Corp. __ 39% Van Raalte(b62%c) 87 Vicksb'g S &P pf(5) 7% Va-Car Chemical. __ 5414 Va-Car Chem 6% pt. - oS S PN NOURANBN AN RN e »° (O YOTCTEYE I PP Y CT TN - T TURNE - SN o) PP e 14% 6214 99% 1117% 143% T 6 T4 3y 2 50% 33% 427y 86 10% 6 651 112% Th 14k 112% Th 14% 314 Wabash (d).___ 9 Wabash pf (A)(d)-. 16% Waldorf SYI(?I 20). 29 Walgreen Co (2)__., 44% Walker (H) (2)eeee 11% Walworth Co._ .. 35% Ward Baking (A).-. 13% Warner Bros Pict__. 7 Warner-Quinlan(d) 6% Warren Bros (d) __ 3514 Warren Fdy&P (t 30% Waukesha Mot (1) 90 West Penn El pf(6) 103 West Penn El pf(7) 118 West Pa Pwr pf (7) 7% Western Pacific pf.. 69 Westn Un Tel (3) __. 46% Westingh'se A B(1) 130% Westingh'se El (b1) 38 Wheeling Steel____. 23% White Motor___ 8% Wilson & Co (50(:)_. 513 Woolworth (2.40) _ 34} Worthington Pump. 81 Worth Pump pf(A) 77% Worth Pump pf(B)._ 6813 Wrigley W Jr (13) _. 20% Yellow Tr & Coach.. 40 Young Spr& W(13). 75% Ygstn S&T (b76¢) .. 81 Zenith Radlo (bl) . 31% 41% 8% 36 the N. Y. Stock 200,000 12:00 Noon Close. Chlu 89% 2% 10% + % .Bl!fi + % 28% 19% + 284 EEFEFEEIEE ¥ & 112% T 14% 165% 30% 46 16% 34% 15 K 10% 401 30% 913 Exchange. . 440,000 Dividend rates as given in the above table are the annual SOnit of trading iess than 100 shares _tAn aPaid last vear. b Paid reported In recelvership or being ' Washington Exchange SALES. Washington Rwy. & Elec. pfd.—10 at 109, 10 at 109, 1 at 109. Washington Loan & Trust Co.—1 at 292. AFTER CALL. National Capital Bank—10 at 145%, 10 at 14534, 9 at 145%. Mergenthaler Linotype—8 at 47. BONDS. Bid and Asked Prices. PUBLIC UTILITY. & Tel_ 4'us s Ana. & Pot. Guar. 5. Tel. of Va. 5s _ R By Asked. T3 Amer. Tel. Bid Cai Traction R. City & Suburban 5s Wash| Wash. Rwy. & Elec. 48 MISCELLANEOUS. Gol. Sountry Club Sy W. M. Cold Storage 55____ 100 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) _. Sovital Transit . 5'a% pf. \vnsh Gas Lt, Co. Wat & Elec. com. (36) Wasn: Ry, & Eiec. ra. (5) {68 BANK AND TRUST COMPANY. =1 Pr. Georges Bk. A B s0 Riggs (ef) Washington (6) - Wash. Loan & Tr. (e8)_ FIRE INSURANCE. American (6)_ - 110 Corcoran | (6) Piremen's National Unlon (00) TITLE xmam. Columbia (.30) _ Real Estate (6)__ MISCELLANEOUS. Carpel Corp. (2.00) Lanston Monotype (14) Mergenthaler Lino. (2. 900 Peoples Drug 8. com Peoples Drug 8. vtd. Real Est. M., Security Stora o (B) Ret. orp, ded oo 15807 Wdwd. & uzt-h pid. (7)___ *Ex. dividend. 1Plus_exts e—2% ex -25¢ m June 30, 1936; 45c paid D«:mber 2?1936 INSURANCE STOCKS NEW YORK, April 17 (®.—New York Security Dealers' Auoclltlo Aetns Cas (20) Actha e ( Automobile Balt Amer .20 Caroline (1,30) - CIRIDRO A 2 DI OO Pnnk Gen (2) & Fale t1.60) Globe & Rep (. oo 2B namIon New York Bor SDERSRRDOAR O re (2) 5 Westchester (1.208) a—Also extra or extras. €—Declared or Dlld 8o far this year. WAGES ARE INCREASED. BERKELEY SPRINGS, W. Va,, April | 08 17 (Special) —All employes of the Pennsylvania Glass Sand Co. here have been given a raise in pay amount- ing to 10 cents per heur, effective April y NEW YORK COTTON ) Dayments based on the latest quarterly or half-yearly dec- nual rate— this year reorganized INVESTING COMPANIES B> the Associated Press. NEW YORK, April 17.—Cotton fu- | tures opened steady. up 4 to 13 points, 1 on higher Liverpool cables, trade and | foreign buying. May, 13.34; July, 13.26; October, 13.00; December, 12.95; January, 12.91; March, 12.96. ‘Trading was comparatively quiet | with initial advances representing only | & partial response to firmness at Liver- pool. Nervousness continued follow- ing the developments of the past week and there was further tired long liqui- dation. Liverpool was a seller of distant| positions here, but offerings were not | | b1 heavy and the market turned steadier | on trade price fixing in near months. Wall Street buyers also appeared and July sold up from 13.25 to 13.34. | Prices were holding close to the best shortly after the first half hour, when | | the market was net 7 to 18 points higher. The weather map showed no rain over the belt. Texas estimated for an increase of 10 per cent in acreage in that State were somewhat under trade | expectations. Liverpool was firm following the re- ; cent heavy liquidation and contracts | were scarce. ‘The Commodity Credit Corp. report- ed requests for release of 1,209,958 bales of loan cotton through April 15, representing but 22,000 bales for the week. Futures closed steady, 15 to 19 higher. Cottonseed Oil. Bleachable cottonseed ofl futures closed steady. May, 10.04; July, 10.17-18; September, 10.18; October, 10.04. Sales, 203 contracts, including 26 switches. NEW YORK BANK STOCKS NEW YORK. April 17 (#.—New York Security Dealers' Association Bank of Manhattan (1%) n Empire Tr_ (1 First Nat (Bos) (2) First Natl (100) Guaranty (12) Irvicg Tr (.60) Manufacture; @ Manufacturers Tr pf Natl City (1) New York Trast (o 'ublic Title G & %‘ BALTIMORE STOCKS Special Dispatch to The Btas. BALTIMORE April 17, es. High. 10 Baltimore Transit 20 Balto Transit pf Consol Gas 1 10 Fidelity & Depos 13 oustn 00 08" Flael &"Guar 5 1 1 1 BONDS. 1888 4s A 32 RIRERIAL 8 U. 8. TREASURY NOTES. (Reported by Ohss. D. Barney & Co.). 98 13-32 U. 8. TREASURY POSITION. By the Associated Press. The position of the Treasury April 15: . ; 33 % lncludlnl sz_ 24 ‘;aas%ga&g ?1 gnson.aoo' 5; .40; gross debt. '"“ crease of $4.- 37. 588: 30 13.008 47, mn 016 )A ST inactive §old. | Nation Wide Sec | Nation Wide Voting NEW YORK. April 17 (?.—New York Security Dealers’ Association: (Noon Quotations.) Admin Pd 2nd Inc Am Business Shrs _ Am Gen Eq Inc Am Ins Stocks Bancamer Blair Bank Group Shrs Bankers Nat Inv. Basic Broad Bullock Fund Corporate _Trust Corvorate Trust A A Corp Tr A A mod Goro Tr Accum Ser D Tr Acc Mod Sutative e | Depos Bk Sh N Depos Ins Shrs * Depos Ins Shrs Diversified Tr C vidend Shrs Enuuv Corp_$3 pf | Pidelity “Fund _Inc First Boston Corp Eixed Trust Sh A Fixed Trust Sn B Found Tr Pund Imes;,‘urs Ane Corp _ sh e Chemical PRIZER2R Group Sec Invest S8hrs | Group Sec Merchandise _ Group Sec Mining Group Sec Petroleum Group Sec R R Equip Group Sec Steel Group Sec Tobacco Huron Holdin Incorp Investors Insurance Group Shrs_ Investors Fd “C" Inc yston Oust Pund B: Major Shrs Corp Maryland Fund ___ Mass Invest Tr Mutual _Invest e S 5 B e S A N 3 1 B e R R B RLS B RN AT Ingestors_ ‘Tr_Shr: North Am Bond Tr ctfs” National N Y Bk Super of Am Sun!rvksed 8hrs Trustee Stand Inv Trustee Stand_Inv Trusteed Am Bk Trusteed Industry Shrs__ Wellington Fund RUBBER FUT URES. YORK. April 17 (#.—Crude rub- | ber futures closed to 44 higher. | 22.53;_ Jul: 73: September, , spot, 22.50n. | Second Trust Notes {1l buy monthly payment deferred Ry X BB ona veaver oA Union Finance Co. 916 Woodward Bldg NAtL. 7838 D Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGE L. BORGER 643 Indiana Ave. N.W. Nat’l 0350 REAL ESTATE LOANS RESIDENCE and 5% PROPERTIES FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9383 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S F NlTURE HOUSB 1416 Eve S¢. NW. Phene NA. 3184 FINANClAaL, STOCKS IRREGULAR AT WEEK'S CLOSE Mild Support Appears. Some Specialties Score Substantial Gains. Stock Averages 80 Stks, =3 70.0 70.1 12.0 62.7 5.3 68.7 2.8 30 15 15 Indus. Rails. Uil —2 —1 45.7 458 459 459 476 480 36.5 48.0 495 540 37.8 45.7 435 53.7 Net change. Today, clos- Prev. day._. Month ago. Year ago... 832 1937 high -101.6 1937 low... 928 1936 high.. 99.3 1936 734 302 434 55.7 1932 175 8.7 239 169 1929 146.9 153.9 184.3 157.7 1927 low... 51.6 953 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, April 17.—Mild sup~ port appeared for leading stocks in today’s market and a number of spe- cialties pushed up substantially. Dealings were exceptionally quiet, even for a Saturday, and numerous issues held to a restricted area throughout the session. There was an assortment of losers at the close. Tending to promote a slightly better feeling toward the list was a moderate | comeback in some major commodities which suffered a world-wide crash yese | terday on European peace moves and rumors of an arms conference among the powers in the near future. Bolstering stock favorites also wers brighter earnings statements and fa- vorable dividend actions. Coppers, leading Friday's slow re= treat, drifted to still lower levels. Transfers were around 450,000 shares. Many traders remained in neutral territory pending transmission of the President’s budget message to Con- gress next week. Predictions the Chief Executive will stress “economy” in his advice to the lawmakers helped to lift United States Government securities in the bond department. Corporation loans were uneven, Buoyed by further business optie mism, Certain-teed, International Printing Ink and Mead Corp. got up 2 points or so each, the latter two at | new peaks for the year. Dome Mines rallied when directors declared an extra disbursement to stockholders of $2 a share. Armour was comparatively lively on the upe side on the lifting of this company’s dividend. Others displaying improvement most of the time included Loew's, Us. S. Industrial Alcohol, Bulova Watch, N. Y. Central, Allied Chemical, Amer= ican Can, Du Pont, Chrysler, Graham= Paige, Boeing, Plymouth Oil and Shell Union Oil. Narrow to off as much as a point or more were Anaconda, Kennecott, American _Smelting, Seaboard Ofl, General Electric, Cerro De Pasco, General Motors, Chrysler, U. 8. Steel, Bethlehem, Goodrich, U. S. Rubber, Sears Roebuck, Great Northern, Southern Railway, Lone Star Cement, Canada Dry, Revere Copper and Con- solidated Edison, STOCK SEAT HIGHER. NEW YORK, April 17 (#) —Arrange- ments have been made for the sale of a membership on the New York Stock Exchange for $110,000, an ine crease of $4,000 over the previous sale. 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 Amortized Lflz.\NS for buying, building 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 Savings & Commercial BANK Two Convenient Bronches: 9th & G 1518 K Sts. N.W. St. N.W. Member Federal Deposit Insurance Corporation \\ First Mortgage Money and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 '15th Street Natl 2100