Evening Star Newspaper, April 19, 1937, Page 18

A—18 kxkx FINANCI1AL. THE EVENING STAR, WASHINGTON, D. C., MONDAY, APRIL 19, 1937. FINANCIAL. VIRENA BANKERS TR ANSACTIONS ON THE NEW YORK STOCK EXCHANGE[BNSELECTVE PLAN DUAL MEET = ONSTOCK MARKET Prev 1037 Stock and Bales— Net High. Low. Dividend Rate. Md 00. High, Low. Close. chge. 80! 83% 80% Two State Associations Ar- Few Coppers, Specialties, range Joint Program at Rubbers and Steels % 63% Acme Steel (4)___.. 83% +4% 15 Adams Exp (abbc).. 26 18% 18% + % 1 26% White Sulphur. Able to Advance. BY EDWARD C. STONE. 24% Adams Millis (bl)_. 26% — % 30% Addressographb (1) 32% + % 2% Advance Rumely__. 2% — % 683 Air Reduction (t1). 33 Air-Way Electric... 13% Alaska Jun (t306)... 3% Alleghany Corp..._. 431 Alleg pf ww $30_.. i For the first time since West Vir- ginia was separated from Virginia the bankers of the two States will hold a joint convention at White Sulphur Springs, W. Va. it was announced today. While the two State associa- tions were at Hot Springs at the same time last year, they had entirely separate programs. C. W. Beerbower, secretary of the Virginia association, and Homer Geb- hardt, secretary of the West Virginia Prev 1937 Stock and High, Prev 1937 High. Low. 9% 12y 2:16 p.m. Stock and Bales— Net Dividend Rate. Add OD. High, !oo' Close. chgs. 6% Mo Kans & Texas.. 8! 24% Mo Kans & Tex pf A 7 Mo Pacific pf (d)___ 30% Mohawk Carp(1.20). 89 Monsanto Chm(t1). 53% Montg Ward (12) ... 1% Mother Lode ll2’fi¢ 31% Motor Prod (12) ___. 21% Motor Wheel (1.60) _ 91% Mullins pf (7) 18 82 Murphy rts M: 15% Murray Corfl(lsoc). 17% Nash Kelv (1) ._ 18% Natl Acme (a76c) 28% Natl Biscuit (1.60) 33% 26% Natl Bond & In 1.44. 26% 23Y% Natl Dairy Prd 1.20. 112% 108 Natl Dairy pf A (7). 10% 7% Natl Dept Strs pf. 36 2Tl Natl Distillers(t2)_ 44 33% Natl Lead (t50c) _. 171 155% Natl Lead pf A (7)_. 61% 48 Natl Mall & 8 C b500 14% 10% Natl Pw & Lt (60c). 2% 1% Natl Ry Mex 1st pf_ 1 % Natl Ry Mex 2d p; 94% 70 Natl Steel (123%)_ Prev 1037 High. Low. 58 Stock and Dividend Rate. 44% Simmons Co (bB0c). 42 Skelly Of! les— Net Add 00. High. Low. Close. chge. 9 B1% 51 b51% — % 2 3 58% 56% 58% +1 98% Skelly Oll pf (‘) 3 100% 100 100 — % 85% Sloss-Sheffleld St _ 120s 171 170 170 -2 27% Smith & Cor eth(l) | 33% 35% — % 21% Snider Pkg (b1%) 1 23% 23% + % 16% Socony-Vac (b2be: 3 19% 19% + % 4% South Am G & P 30c 13 4% 4% 34 Sovuth Port Sug(t2) 3 381 384 26 SoCalEdisont1%_x 2 26% 42% Southern Pacific.... 20 58% +14% 24 Southern Ry . 12 39% + % 47% Southern Ry pf.. 62 +1% 9 Spalding (A G).. 10% * 7 Sparks- Withing 67 % 19 Sperry Corp vte(al) 19% + % 22% Spiegel, Inc (1) __ 25% * 14% Stand Brands(180c) % 124 Stand Brands pf(7). 8% Stand Gas & El (d) - 25 Stand G&E $4 pf(d) 60 Stand G&E $7 pf(d). 43% Stand Oil Calif(11). 44% Stand Oil Ind (t1)_. 67% Stand OIl NJ (1)_. 34% Starrett L 8(11.40) 65 Sterling Prod +3.80_ 8% 6% Curtiss-Wright_ 23% 18% Curtiss-W (A): 24 19% Davega cum pf 1% 135% 104% Deere & Co 58% 42% Delaware & Hudson 24%; 17% Del Lack & West __ 761 61 Devoe & Rey A(13). 36l 30% Diamond Mth(b50c) 36 Diamond Mpf(113%) 21% Diamond T Mot b25c 24 Distil Corp Seag 36% Doehler Die Caltlfl) 41% Dome Mines (12)__. 10 Dominion Stores__.. . 54% Douglas Afrcraft__. & 2% Duluth SS&Atl pf__. 3 5% Dunhill Internatl__. 15% Duplan Silk (1) ! 180% 154 Du Pont (b75c) .. 17 176% 50% — % 50 —3% 381 381 239 239 -3 25% 26% — W 17% 18 + 1 67% 67% — % 104% 104% —1% 90% 90K —1% 61 61 + Y4 60% 61 -1 106 106 +1 59 b69% — Y 96% 98l +4 l 146% 143 1461 +7% 19% 19% 19% — % 27% 2% 2232 20% 24% 24 333 2 2232 22 82 22 82 +1 32 19 164 15% 22 21% 20% 207 29%, 2874 28% 28% 24% 2% 112% 111% = Th Th 32% 32 364 35% 156% 156% 50% 10% 3613 Alleg Steel (b40c). 2581% 226 Allied Chem (6) 331s 25% Allled Mills (b50c)... 21% 1614 Allied Stores (b20c) 831 63% Allis-Chalm (b50c).- 114% 98% Amerada Corp (2) .. 101% 83 Am Ag Chm Del bl_. 5% 59 Am Bk Note pf (3).. 80% 58 Am Brake Sh (12) 121 101% Am Can (t4).. 71 56 Am Car & Foundry_. 95 72 Am Chain&Cabl._ 139 115 AmChain&Cpf6 23% 13% Am Colortype . 308 263 Am Comcl Al ab0c__ R 33% 27% Am Crystal Sug b2 21% = 204 + 29% + 28% — 24% — 112% + Stock Averages 30 Indus Net change. Unc. Today, noon 94.5 Prev. day_. 945 Month ago. 94.1 81.3 101.6 928 99.3 15 15 80 Rails. Util. Stks +.1 —1Unec. 458 457 700 457 458 70.0 45.6 468 170.0 353 47.2 613 495 540 753 378 45.7 68.7 435 53.7 1238 S 113% Bastern Roll Mills_. 1581 Eastman Kodak (6)_ 150 Eastman Kod pf(6)_ 31% Eaton Mfg Co(b50c) 11% Eitington-Schild __ 23% El Paso Nat G 1.60_. 8 S##fi#ii ® +itt1 EFEFS L+ association, announced the dual plans in an Associated Press dispatch from White Sulphur. M. R. Morgan, vice president of the Virginia organiza- tion, and H. G. Otle, president of the ‘West Virginia group, will announce the speakers shortly. The joint convention is set for June 24-26, and more than 800 members and guests are expected. The West Virginia Fiduciary Society and the Virginia Trust Conference will hold special luncheon meetings. The guest list will include Gover- nors, United States Senators, Repre- sentatives, Federal and State bank examiners and commissioners and other persons prominent in banking and finance in the two States. Be- tween the general business sessions much has been arranged in the way of entertainment. The dates are such that the Wash- ington bankers, on the way for their annual conclave at White Sulphur, will meet the Virginia financiers on their way home. Bank Women Elect Officers. At the recent annual meeting of the Washington Bank Women's Club the following officers were elected for the ensuing year: President, Miss §. Winifred Bur- well, National Metropolitan Bank; vice pres- ident, Miss Mil- dred Woodcock, American Secur- ity & Trust Co.; correspondin g secretary, Miss Florence Gard- ner, National Metropolitan Bank; recording secretary, Miss Mildred O'Don- noghue, Riggs National Bank; treas- urer, Miss Helen Healy, National Sav- ings & Trust Co.. historian, Mrs. Grace Bromley Bailey. In addition to the above officers, the board of governors includes Miss Mary Craven, Hamilton National Bank: Miss Florence Kelley, McLach- len Banking Corp.; Mrs. Myrtle P. Lewis, Liberty National Bank; Mrs Vera Rhine, Morris Plan Bank: Mrs. J. M. Buck, and Mrs. Constance F. Jones, Riggs National Bank. Miss Burwell, the new president, is assistant trust officer of the National Metropolitan Bank, a member of the National Association of Bank Women, and one of the charter members of the Washington Bank Women's Club. Insurance Nominations Due. Members of the District Under- writers’ Association will make nomi- nations for the Board of Directors at the April luncheon to be held at the Willard Hotel Thursday noon, it was announced in the financal district to- day. These nominations will give the luncheon meeting unusual interest. Edward C. Anderson, educational director of the Connecticut Mutual Life Insurance Co. of Hartford, will be the guest speaker, coming to Wash- ington from a tour of the country and visits at many of his company’s agencies. He will speak on “Power Selling.” Further plans for “insurance week” will also be announced at the meeting, including progress in the insurance essay contest open to Washington high schools students:. The association’s present directors are Wintrop G. Batchelder, Thomas R. Crowley, Vernon W. Holleman, J. E. McCombs and Charles W. O'Don- nell. Record Conference Forecast. Raymond G. Marx, controller, Riggs National Bank, and chairman of the General Conference Committee of the National Association of Auditors and Controllers, said today he believed that the convention here Friday and Satur- day would make a new record for both attendance and interest in these an- nual sessions. This is the Fifth Eastern Regional Conference and will be held at the Wardman Park Hotel. From all over the territory covered by the conference come reports that the dele- gates are looking forward to a fine visit in Washington, both from the standpoint of the program and the entertainment features. Mr. Marx said. Paul J. Seltzer, president of Wash- ington Chapter, American Institute of Banking, announced today that the chapter will have a “movie night” in the recreation room of the American Becurity & Trust Co., on Wednesday, May 12. Pictures of Yosemite, Glacier and Yellowstone National Parks will be aresented by the National Bank Service and pictures of Washington Chapter’s banquets, national conventions, etc., will be presented by Edward Foreman of the chapter. The near term business outlook continues favorable, with April opera- tions in many lines promising to set new highs for the recovery, says the United Business Service in its report today. Second quarter business should hold near present levels, with a tempo- rary setback to the upward trend in- dicated during the Summer. The service states further that, whatever effects the Wagner act de- cisions may ultimately have on general business, the immediate aspect is favorable to the extent that it tends to clarify some of the major uncer- tainties in the current labor situation. Advance in Rents Forecast. Further rent increases ranging from more than 8 per cent to nearly 11 per cent for single-family houses, apartments and office space, can be expected two weeks from now during the traditional Spring moving period, according to the annual Spring sur- vey of rental and building conditions made by the Mortgage Bankers Asso- ciation of America and released today in Chicago. “Average rent increase for single- family houses for the ceuntry as a whole will be 109 per cent this Spring, for apartments, 9.2 per cent, and for office space, 8.2 per cent,” says the association data which rep- resents figures supplied by members. located in 40 States. Miss S. W. Burwell. 99% 941 Am Crys S 1st pf 6 1315 8% Am Encaustic 18% 7% Am & Foreign Pwr_. 687 54 Am & For Pw $7 pf_. 3814 20% Am & For Pw 2d pf_ :11% 6% Am Hide & Leather. 4% 2% Amlce ____ 27% 17% Am Ice pf (2).. 17% 13% Am Interntl (a40c)- 587 43 Am Locomotive._ 125 113 Am Loco pf (a3)___. 29% 22% Am Mach & F (1) 13% 10% Am Mach & Met 60c. 68% 50 Am Metals S 75 62 Am News (NY) (3) 161 10% Am Power & Light_. T2% 55% Am Pw & Lt pf (5)_. 23 Am Radiator t60c__. 3314 Am Roll Mill $1.20 . 30% Am Safty Raz (12)_ 2314 Am Seating (a2%)_ 41 Am Shipbldg ) 881 Am Smelt & Ref(3) 10744 105 Am Sm & Ref pf(6) 154 138% Am Sm & Ref pf(7). 67% 59 Am Snuff (3) 784 57 Am StIF (b30c)xrts 3% 3% Am Stl F rts May 16 115 109% Am Steel F pf (7)_ 26'% 20 Am Stores (2) 567 47% Am Sugar (2) 130 Am Sugar pf (7) 167'% Am Tel & Tel (9)_. 7814 Am Tobacco (5) 803 Am Tobacco B (5)__ 14% Am Type Founders_ 207 Am Water W (80c)_ 9% Am Woolen _ 63 Am Zinc & Lead 44'; Am Zinc & L prpf__ 521x Anaconda Cop (1) 7 Armour of 111(b35c) 5912 Armstrong Cork (2) 1333 Arnold Cnst b624e. 125 Artloom Corp 1813 Assoc Dry Goods _ 495 Associates Inv (12). 6915 Atch T & S Fe(a2) . 4414 Atl Coast Line(al)_ 35 At1G& W I pf(ad)_ 30% Atl Refining (t1) __ 16% Atlas Corp (80c) 724 Atlas Pwdr (b75¢) 1415 Atlas Tack (1)__ 2814 Auburn Auto 391, Austin Nich pf (11). 6% Aviation Qorp Del__ 8 Baldwin Loco (d) 86% Baldwin Loco pf(d) 615 Baldwin asd (d) 8812 Baldwin pf asd(d) 2054 Baltimore & Ohio_. 261 Barnsdall (1) _ 16% Bayuk Cigar t75c.. 112 Bayuk 1stpf (7) _ 128 Belding Hemin (1)_ 23% Bendix Avia(b25¢) 205 Benef Ind Ln (b95¢) 56 Rest&Co (213) __ 73 Bethlehem (all;) Black & Deck b50c_. 23 Blaw Knox (b20¢)_. 33% Boeing Airplane ___ 407 Bohn Alum & B(3) 413% Bon Ami (B) (2%) 25% Borden Co (1.60) 7214 Borg-Warner (4)_ 81 Boston & Maine ___ 16% Bridgept Brss(60c s 3 Bridsp't Brrts Ap29 45Y% Briggs Mfg (12) 437 Briggs & Strat (3) 35% Bklyn-Man Tr (4)__ 8813 Bklyn-Man T pf(6)- 5 Bklyn & Queens 25 Bkn& QT pf (3) 381 Bklyn Un Gas (3) 20% Brunswick-Balk 18% Bucyrus-Erie _ 10% Budd (EG) Mfg 9% Budd Wheel(a20c) 5014 Bulova Watch (t4)_ 29% Burr Add M (80¢) __. 7 Bush Terminal (d) - 27 Bush Term deb (d)_ 24Y% Bush T Bldg pf(d) . 1314 Butler Bros (b15¢c)_ 29% Butler pf (1%) 5% Butte Cop & 7 (a5c) - 27 Bwron Jackson (11). 38% Calif Packing (1) 2% Callahan Zinc-Lead 14% Calumet&Hecla (1) 29% Campbell Wy (11) .. 27% Canada Dry G Al 14 Canadian Pacific _ 15 Cap Adm (A)(al)_. 106 100 Car Clin & O stp (5) 875 7 Carriers & Gen(bsc) 1761 138 “Case(J I)Co (4) 129% 116 Case(J I)Co pf(7)__ 100 85% Caterpillar Tr (2)_ 391 26% Celanese (b75c) __ 11314 106% Celanese pr pf A (7). 481 36% Celotex Corp ___ 8214 76 Celotex Corp pf(5) 12% 8% Central Foundry 41% 30 Central RRof N 24% 17 Cent Violeta Sug__.. 67% Cerro de Pasco (4).. 16% Certain-teed Prd __ 67% Certain-teed pf (8) . 351 Champion Pap (1) 38 Checker Cab Mfg___ 57% Ches & Ohio 12.80 __. 91 Ches & Oh pf A (4)_ 23 Chi & East Il (d) __. 67% Chi & Est I11 pf (d) . 2% Chi Grt West (d) 1314 Chi Grt West pf (d) 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d). 3% Chi&NW (d) ___ 113% Chi & N W pf (d) 21 Chi R 1& Pac (d)._. 6% Chi RI&P 1% pf(d) 18 Chickasha Cott'n Ofl 16% 12% Childs Co 135% 110% Chrysler (b1%)_ 21% 18% City Ice & Fuel ( 92 85 CityIce& Fpf6l._ 10% 8% City Stores 3814 32y Clark Equip(11.60) 2 35 103% 100 Clev C C & StL pf(5)x 50s 100 42Y% 35 Clev Graph Br (2) 2 98% 78 Cluett Peabody (3) x 1703 122% Coca-Cola (t2) .. 25% 19% Colgate-P-P(t50c) - 62% 53 Collins & Afk (12) __ 112% 108 Collins & Aik pf(5). 10s 110 517% 39 Col Fuel & Iron(bl) 6 40% 207 13% Columb G & El(40c)x 16 14% 391 32% Columb Pic vte (t1) 3 35 69% 56% Comcl Credit (14) 2 60 114 100 Comcl Cred pf (4%) 1 104% 80% 64 ComclInvT (t4) _. 68 21% 16% Comel Solv (160¢c) .. 4% 2% Comw & Southern 5% b55% Comw & Sou pf(3) 19% 13% Conde Nast Pub._ 45% 36% Congoleum-Nrn(2). 18% 13% Consol Cigar _ _ 49% 381 Cons Edis N Y (12)_ 108 104% Cons Ed N Y pf(6).. 5% 414 Cons Film 18% 14% Cons Film pf (a2 13% 9% Cons Laundrie 17% 15% Cons Oil (80c) 7 Cons R R Cuba pf._. 7% Cons Textile (d) . 33 Cons Coal Del vto pf 203 Container Corp 1.20 27% Contl Baking (A) ... 3 Contl Baking (B)... 55% Contl Can (3) - > - s BB ueTarnernmn o a® ® oS B BF e 0 M 3 o - R B s waranSamoS~BonnwwaB oI Zua 25 11 o 5 T 1 91 6 1621 12 22% 2 58Y% 20% Contl Diamond (2) .. 37 Contl Insur (11.60). 2% Contl Motors 40% Contl Oil Del (1) 26% Contl Steel (b50¢) - 63 Corn Prod Ref(13). 6 Coty Inc 46 Crane Co . 29% Cream of Wheat(2). 21 Crosley Radloal . 70% Crown Cork & S(2) . 47% Crn C&S pf ww 2% _ 17 Crown Zeller(new) 99 Crown Zell cu pf(5). 51 Crucible Steel _ 2 Cuba Co 11% Cuba RR pf. 10 Cubsn-Am Sugar... 132% 167 813, 8213 15 21% 11% 15 6215 56 12% 63 14 28 97 + % 108 — % 10% 591 — % 28 9 = e e dd] of Fr FEFFEL (i o e FFEFHF £8 REEFE - [+++1 48% + % 28% — % 107% — % 69 — % 2% 2% + % 13 1 1% 10% 10%+‘ 34 38 Elec Auto Lt 12.40_. 11% Elec Boat (a60c) __ 5% Elec&Mus I (al8c). 19% Elec Pow & Light . 75 ElecPw& Lt $7pf_. 39% Elec Storage Bat (2) 1% Elk Horn Coal (d) 514 Elk Horn Cl pf (d).. 13% Erile RR 26% Erie R R 1st pf.____ 281 Bvans Prod (t1).... 3% Fairbanks Co. 56 Fairb'ks-Morse (H) 53% Fajardo Sug Co (b1) 21 Federal Lt & Trac 93 Fed Lt& T pf (6). 83 Federal Motor(40c 4% Fed Water Sve A 10874 101 45% 377 Fidel Phoenix 11,60 401, 201 Filene's (b20c) 41% 32% Firestone T&R (2) 521, 46V First Natl Strs t214 461 3813 Flintkote Co (1) _. 5813 46 Florence Stve b50c. 97 6% Follansbee Bros(d). 58 47! Food Machine (1) 54's 43 Foster-Wheeler 32 26% Freeport Sulph (1 7l 4% Gabriel Co (A) 19t 15 Gar Wood Ind as5c. 15% 1214 Gen Am Inv(a75c) .. 863 693 Gen Am Trans (a3). 19% 15! Gen Baking (160c)_. 145 Gen Baking pf (8) 14 9% Gen Bronze 32'3 25'; Gen Cable 126% 114%; Gen Cable pf (a7 521 43% Gen Cigar (14) 647 517 Gen Electric (b40c). 44l 395 Gen Foods (2) - 3% 2% Gen Gas & Elec(A)_ 65 60 Gen Mills (3) 124 1173 Gen Mills pf (6) 70% 57% Gen Motors(b25¢) 1225% 1142 Gen Motors pf (5) 15% 10% Gen Outdoor Adv 19 15 Gen Print Ink new 110 107!z Gen Prnt Ink pf(6)_ 651 48 Gen Ry Signal (1)_. 53 3% Gen Realty & Util 487% 39 Gen Realty & U pf_. 333, 271, Gen Thea Eq(b25c). 207% 15% Gillette S Raz (t1).. 29% 204 Gimbel Bros 51'; 43 Glidden Co (2) 67 5.4 Gobel (Adolf) - 8¢ 6'3 Goebel Brew (120c). 50'; 31 Goodrich(BF)(al). 87% 79% Goodrich pf (5) . 47% 27% Goody'r T&R bi0c _ 141 100 Goodyear cu pf(5) 13'3 10% Gotham Silk Hose. 4% 3 Graham-Paige 15 613 Granby Cons _ 732 232 Granby rights Ap 26 5% 37x Grand Union ctfs 273 2113 Grand Union pf(bl) 481« 3813 Granite City Stl(1) . 42 Grant (WT) (11.40) 40% Grt Northernpt . 19 Grt Northn Ore (1) 35 Grt West Sug 12.40. 321 Green H L (1.60) _. 138 Greyhound (t80c) .. 1012 Greyhound pf(55¢) 12'3 Gulf Mobile & N 321, Hackensack W b50c 2613 Hack W pf A (1%) 13'; Hall W F Print __. 50 Harb-Walker (12) . 13% Hat Corp of Am 80c. 5% Hayes Body 101 Hazel Atlas Gl (VS) 13 Hecker Prod (60c) - 149 Helme (GH) pt (e 28% Hercules Motor(t1) 150's Hercules Pwdr (6)_ 10213 Hershey Ch pf(t4)_ 45'3 Hollanc Fur(al). + 105% Holland Fur pf(5) . 1 Hollander & Son(1) 3115 Holly Sugar (12) __ Homestake (112) 21'% Houd-Her B (11%). 123 Houston Oil vte .. 62% Howe Soungd (13) _. 4 Hudson & Manhat__ 184 Hudson Motor. 13 Hupp Motors 22!3 Illinois Central. 36Y% Indus Rayon (2 - 129% Ingersoll Rand(t2). 112 Inland Steel (4) 224 Inspiration Cop . - 5 Insur Sh Md (b10c). 11l 43 Intercontl Rubber 2813 16% Interlake Iron 9'a 5 Intl Agricultural. 6312 42 Intl Agricul pr pf_ 111'a 99% Intl Harvester(2 ‘6) 167 87 Intl Hydro E1A .. 15% 613 Intl Mercantile M __. 183, 12% Intl Mining (ay0c) 73% 624 Intl Nickel (b50c) 18 10% Intl Paper (B) 9% 5% Intl Paper (C) 121% 90% Intl Paper pf__ 61% 41 Intl Print Ink (12)_ x 111% 109% Intl Print Ink pf(6) x 8% 6% Intl Ry Cent Am vtc 52 31% Intl Silver s 15% 11% Intl Tel & Tel - 36% 28% Interstat Dp St b2% 30 251 Island Creek (2) 87% 77 Jewel Tea (t4) _ 1565 127 Johns-Manv (13) 126 120 Johns-Mansv pf(7) 136 123 Jon&L 7% pf(bl1%) 29 20 Kans City South 23% 17 Kelsey-H A (al¥%). 14% Kelsey-H B (al3)_ 55% Kennecott (b50c) .. 38% Kimberly Clark(1) . 47% Kinney pf (al1) 241 Kresge S S (b30¢) 39% Kress S H (1.60) __. 22 Kroger Groc (11.60) 26% Laclede Gas pt. 18% Lambert Co (2) 38% Leh Port Cmt 1% . 2% Lehigh Valley Coal. 11% Lehigh Val Coal pf_ 5% 17% Lehigh Valley R R.. 137 118 Lehman Corp (t3) .. 18 Lehn & Fink(all). 48% Lerner Stores(12).. 6612 Libbey-Ow-F b75c _ 9% Libby McN & L(al) 25% Life Saver (11.60) .. 98 Ligg & Myers B 14. 21% Lily Tulip (t13%) 59 Lima Locomotive 43% Liquid Carb (2.6 641 Loew’s Inc (12) . 2% Loft Inc 56 Lone Star Cmt b76e. 22% Lorillard P (11.20) . 19% Lou Gas & Elec (A). 87% Louis & Nash b2 _. 29% Ludlum Steel (11) _. 33% MacAndrew&F (12). 40% McGraw Elec (12) x 20% McGraw H P b27%¢c i, 36% Mclintyre Porcu(2) 33% McKeesp't Tin Plate 12% McKesson & Rob 42% Mack Trucks (t1) 49% Macy (R H) (12) 11% Madison Sq G(80¢) . 22 Manhat Shirt (1) _. 4% Maracaibo Oil Exp_. 10% Marine Mid (t40c) 2 Market St Ry 14% Market St Ry pf. 18% Marshall Field. 9 Martin-Parry.. 58 Masonite (11) 36 Mathieson Alk(l%) 25% Mead Corp e 95 Mead Corp pt (6)_. 72 Melville Shoe (t5) 11% Mengel Co 41 Mengel 1st pf lz‘)&) 59 Mesta Mach (b1%)_ 16% Miami Copper 29Y% Mid-Cont Pet a1.15_ 38% Midld Stl Prod(12) . 122 116% Midld St 1st pf(8). 124 113% Minn-Hn R pf B(4). 16% 11 Minn Moline Pow._. 6% 4% MBtP&SSMIsin_ 26% Mission Corp (ai5¢c) 55 131% 33 6 Fed'ted Dep S pf 44 x N 8 3 [PET-S 33910 = 4 By -~ Se = S - x 408 11 408 408 16 578 130 4 20 32x 4415 116% 24y Bl 8ly 22% 8l 5912 v 106 1083 6% 43% 12% 29Y 29% 76'3 13215 125'3 127% 12% 12% 13 623 16% 8% 115 61% 108% 65 422 12% 29% 29 6% 130 125'% 127% 25% +HH+ AL+ 4L T+ ++1 141 seee & 2 w2y se2s 100% 62 Natl Supply Co 129% 121% Natl Supply pf 13% 13% 11 Natomas (80c) ... 41% 31% Newport Ind(b50c). 55% 40 N YCentral . ____ 916 %4 N Y Cent rts Mayl. 72 41 NYChi&StL. ___ 100 2 12% 608 26% 2008 2 1% N Y Investors (d) 3 9% 5% NYNH& H (d) 3 26'% 15‘4 NY NI Hopt (4 76% N Y Shipbldg pf. 101 95 N Y Steam pf (6 110 107 N Y Steam 1st (7).. 272 248 Norf & Wst (b234)_ 114 102 Norf & W pf (4) ___ 17% 12%4 North Am Aviation_ 3474 25 North Am Co(b30c) 5T% 5”1 North Am Co pf (3). 10415 North Am Ed pf (6) 105 93 Northern Cent (4) _ 36% 274 Northern Pacific 51'2 Northwest Tel (3)_. 3% Norwalk Tire & R._. 174 Ohio Oil (a60c) 5312 Oliver Farm Equip.. 1814 Omnibus Corp vte__ 35 Otis Elev (60c)_. 1615 Otis Steel 150 Owens-I11 Gl (6)___ 19% Pacific Am Fish 1.20 2515 Pacific Coast 1st pf_ 18 Pacific Coast 2d . __ 30% Pac Gas & Elec (2)_ 43} Pac Lighting (3) __.x 22Y% Pac West Oil(a65c). 10% Packard Mot (bl5e) 2% Panhandle P & R 60 102 104 Panhandle P&R pf_. 288 223 Paramount Pic 20015 161 263, 550. 90 Paramnt 1st pf (6 4 20% Paramnt 2d pf 60c__ 30 2815 Park & Tilford (2)_. 4% Park Utah _ = 38 Parke Davis (bl)__. 247 Parker Rust (1114)_ 5% Parmelee Trans ___ 7% Pathe Film Corp 141 Patino Mines(t60c). 3% Peerless Corp 49% Penick & Ford (13)_. 97 PenneyJC) (4) ___ 7% Penn Dixfe Cement_ 64 Penn Dixie pf (A)__ 22 Penn G1Sd ctas0c_. 39% Penn Railroad (a2)_ 34 Pere Marquette 84 Pere Marqpf __ ___. 174 Petr Corp Am a90c_. 13 10% Pfeiffer Brew b60c 6-32 4 32 Pfeiff Brrts Maf13. 47'a Phelps Dodge b3sc_ 132 Phila Read C&I (d) - 70 Philip Morris(b3%) 4912 Phillips Petrol (2)_ 612 Phoenix Hosfery ___ 16% Pierce Ollpf _ _ 2813 Pilisbury Flour 1.60 131x Pitts Screw&B blbc. 243, Pitts Steel 3% Pitts United _. 3112 Pitts & W V. 3 241 Plymouth Ol (t1) 241; Poor & Co (B) ____. 7 Porto R Am Tob A_. 231, Pressed Steel Car __ 24 Press Stl 1st pf 25 66 Press Stl 2d pf 2% . 551 Proctor & Gam (12)_ 43 PubSve N J (2.60)_. 100% Pub Sve N J pf (5)_. 127% Pub Sve N J pf (7). 58 Pullman Inc (1%)_. 1914 Pure Ofl 99 Pure O1l 6% pf_ 108 Pure Oil8% pf_ 18% Purity Bak (60c)___ 16 Quaker State (80¢)_ 103 Radio Corp 73, Radio-Keith-Or (d). 14% R R Sec I1l Cent 31 Raybestos M (t13%) 3913 Reading RR (2)___. 27 Reis (Robt) 18% Reliable Str (a50c) - 311 Reliance Mfg (160c) 21%2 Rem-Rand (160c) _ 80%s Rem-R pf ww (43%)_ . 5 Reo Motor Car 271 Republic Stesl 109 Republic pf (b1%4)_ 331 Revere Copper 71 Revere Copper(A)_. 91 Revere Cop pf 5% 128'4 Revere Cop pf b1% - 2413 Revnolds Met (11)_. 247x Reynolds Spr (11), _ 5013 Reynolds Tob B (3). 117 Ruberoid Co (1.80) 38% Safeway Stores(12) 43% St Joseph Ld(b50c) 6% St L-San Fr pf (d) 2873 St L Southwn pf(d) 4215 Schenley Dist(b75¢) 2 Schulte R Strs (d)_. 38 Scott Paper (1) _ 1% Seaboard Afr L (d)_ 6 Seaboard A L pf(d). 40% Seaboard Ofl (1)___. 7% Seagrave Corp... 81 Sears Roebuck (3)._. 28 Servel Inc (t1)_ 29 Sharon Stl (+1.20) 10t Sharpe & Dohm 143 Shattuck F G (60c)_ 37t Sheaffer Pen(b1%)_ 34% 267 Shell Un O1l (a25¢) - 105% 102 Shell Un Ofl pf 6% - * IR ONAAROND AR~ D0 o 83 0 Ed » 3 OIS JUTOTNS TP O .. JIpes - ~ 48% 312 16 32 143215 82 3 68! 2 31 4104 17% Stewart-Warn t560c. 22% Stone & Web(a25c). 13% Studebaker Corp.... 119 Sun Oil pf (6) - 4% Superior Of1 37 Superior Ste - 32% Sutherland P t1.60_, 13 Sweets Coof Am___ 25% Swift & Co (11.20) .. 301 Swift Intl Ltd (2)__ 18% Symington ww bl0c. 14 Symington xw bl0e. 13 Talcott (J) b30c__.. 50% Texas Corp (2) - 77 Texas Gulf Pr ae__ 38% Texas Gulf Sul (t2) 13% Tex Pac C&O b10c_. 11% Texas P L T (al0c). 3T Thatcher Mfg (11) 10 Thermoid Co 5% Third Avenue _ 10% 10% .{2 32 49 49% 92‘& 9% 20 1% Toa 20% 92 92 23 12 63 99% L & 137 111 b1 31 17 15 % » 75 150 b LY 108 2% 5815 o £ el BT R s 81 I+ 4t SEFrr SrFSSEESEEE 541 Va-t iLI FE ¥ 34% | 167% 130‘« 30% 913, 65% 11215 81 6214 37% 46% 40% % 11:00 P.M. 1:00 P.M. {8 oI o o o FREGERSFEES Tarasi nit of t not_indrodine lex Q:m‘runel repo; a 103'”. 104 + 4% NET OF SOUTHERN PACIFIC GLIMBS March Fotal of $2,388,951 Is $686,453 Ahead of 1936 Month. By the Associated Press. NEW YORK, April 19.—The first big system to report March earnings, the Southern Pacific Railroad, today showed tangible results from recent traffic gains in a moderate increase in operating income. Net operating income for the month totaled $2.388,951, an increase of $686,453 over the 1936 month. Gross income increased $4,500,788 to $19,- 560,188. For the first three months net operating income expanded $3,- 515,428 to $7,203,403, and gross was up $13,901,742 to $56,172,549. Indications of increasing operating expenses were seén by analysts in the March figures for the Kansas City- Southern Railway showing net oper- ating income of $272,739 was up only 12.4 per cent, while gross at $1,209,327 increased 16.8 per cent over the 1936 figure. For the first three months Kansas City-Southern gross increased to $3,417,447 from $2,947,485, while operating income was up to $660,532, compared with $612,853 in the 1936 month. Howe Sound Co. Howe-Sound Co. reported for the March quarter net profit of $1,882,099 before depletion and Federal surtax, compared with $529,018 in the like ERFEF X FREEREERER = & 1936 period. This was equal to $3.97 & common share, against $1,11 in the like 1936 period. Harbison-Walker. n-Walker Refrac Co. reported for the March quarter con- solidated net income of $1,091,800, equal after preferred dividends to 77 cents a common share on 1358883 shares, compared with $541,100, or 36 a cents on slightly more shares in the like 1936 period. The Briggs Manufacturing Co. re- ported consolidated net profit for 1936 of $10,411,076.61, after depreciation and all charges, including provision for Federal surtax on undistributed profits. That was equal to $5.26 per share on 1,979,000 shares of stock. Consolidated net profits for 1935 were $9,266,199.59, equal to $4.68 per share on the same number of shares. INSURANCE S.HARES GO HIGHER DURING WEEK Epecial Dispatch to The Star. NEW YORK, April 19.—Insurance stocks in the New York City market registered an improvement during the last week, according to records com- piled by Hoit, Rose & Troster. The aggregate value of 20 leading fire and casualty insurance issues on April 16 totaled $618,147,000, com- pared with $609,609,000 at the close of the previous week, an increase of 48,539,000, or 1.40 per cent. The current average yield of 20 iasues of 3.64 per cent compares with & yield of 3.68 per cent on April 9. The current market value equals 95 per cent of the current liquidating value (based on December 31 state- ments). MATURITIES TO GAIN. NEW YORK, Aprii 19 ®— Corporate bond maturities in May will total $532,038,400, against $21,- 178,900 in April, Standard Statistics Co. reported today. Ward Baking (A) 6% Ward Baking (B) 133 Warner Bros Pict _ s Warner-Quinlan(d) 6% Warren Bros (d) __ War'n Brcv pf (d) .. Waukesha Mot (1) _ Wesson O&S (t50c) ‘Wesson O&S pf (4). West Penn EIl pf(6) West Penn EIl pf(7) x 20s Western Maryland_ Western Md 2d pf Western Pacific Western Pacific p: Westingh'se El (b1) Weston El Inst a85c Westvaco Chlor (1) Wheeling Steel - 4« White Motor Wilson & Co (50c) .. Wilson & Co pf (6) - 51% Woolworth (2.40) _ Worth Pump pf(A) 128 100 Wright Aero (al) 49% Yale&Towne(160c) . 20% Yellow Tr & Coach_. 40 Young Spr& W(13). 101% 75% Ygstn S&T (b75c) - 81 Zenith Radio (b1) 6% Zonite Products____ 2 Approximate Sales of Stocks on the N. ¥. Stock Exchange. Dividend rates as §ash payments based on t L4++++ FEER + 1 5§ 41+ FEeF + % — % 1% - %| + | + W 6 +1 - % 2 5 Y% Thomp'n Prod a1 _ 6% Thompson Starrett_ 7 ' % Tide Wat A O (60c). 22 Timken Detroft t1__ 62 Timken Roller B(3) 15% Transamerica t40c . 7% Trans Wat Air a25e. 19% Transue & W (160c). 9 Tri-Contl (a50c) . 109% 1045 Tri-Contl pf (6) ___ 814 Truax-Traer(b25¢)_ 33% 20th Cent Fox b50c_ 42% 20th Cent F pf(1%). 74 TwinCRTpfalé _ 167% Twin Coach (al1.40)_ 3% Ulen& Co __ 85% Und-Ell-Fisher (l). Union Bag & P (2) .. 97% Union Carb (3.20) _ Y% 24% Union Oil(Calif)1.20 148% 126% Union Pacific (6) 92% Union Pacific pf(4). 26% Union Tnk Car 1.60_ 27% Utd Aircraft(a50c). 17% Utd Air Lines a20c.. 23%; Utd Am Bosch __ 25% Utd Biscuit (1.60)__ 78 Utd Carbon (4) 29% Unit-Carr Fast($2). 5% Utd Corp (a20¢) 414 Utd Corp pf (3) 13% Utd Drug (a75c) - 18 Utd Dyewood (1) T% Utd Elec Coal 1% Unit E1C rts May 14 8015 United Fruit (13)__ 13% Utd Gas Imp (1) .__ 6% Utd Paperboard - 15 U S Distributing pf_ 17 U S & For'n Secur. 23% U S Freight (1) _ U S Gypsum (12)_. U S Hoffman 37% U 8 Indus Alcohol 6% U 8 Leather vtc _ 13% 7] 8§ Leather(A)vtc_ 59% U S Pipe & Fdry(3). 13% U S Realty & Imp__. 44% U S Rubber = 9213 U S Rubber 1st pf. 83% U S Smelting (b4) U S Steel 139% U S Steel pf (7) 7 Unit Stk Yds (50¢) - 5% Utd Stores (A) Univ Pictures 1st pf 13, Vadsco Sales Corp._. 48 Vadsco Sales C pf 28% Vanadium Corp . __ 39% Van Raalte(b6234c) 7% Va-Car Chemical _ r Chem 6% pf 108 Va El & Pw pf (6)__ 34 Wabash (4) 9 Wabash pf (A)(d).. 29 Walgreen Co (2)_ 11% Walworth Co © » 3.3 3 15 % e e o e e A % 1 x 308 + aE » x a3 -1 + % Z1% +1 26 - % 56% 28 104 85 52 108 110 511 31 41% 867 3T 6% —=5% 14 51 +2% 230,000 470,000 12:00 Noon . 2:00 P.M en in the above table 360,000 540,000 the annua) yearly dec- tAnnual rate— 100 shares. last vear. bPaid this year In receivership or being reorganized REMINGTON RAND SALESUPSHARPLY Year’s Total of $46,679,- 000 18.6 Per Cent Above Preceding Period. By the Associated Press. NEW YORK, April 19.—Domestic and foreign sales for the year ended March 31 by Remington-Rand, Inc., makers of typewriters and office ap- Ppliances, were estimated by the com- pany today at $46,679,000, the largest aince 1931 and a gain of 18.6 per cent over the $39,358,000 for the preceding year. . March sales were put at $5,360,000, compared with $4,227,000 in 1936. James H. Rand, jr., president, said it appeared net income would exceed $3,500,000, equal after preferred divi- dend requirements to $1.80 a share on common stock. In the preceding 12 months net was 43,010,288, equal after dividend re- quirements on preferred stock to $1.24 & share on common. LARGE GAIN RECORDED BY HOME FINANCING By the Associated Press. The Federal Home Loan Bank Board estimates savings and building and loan associations lent $667,000,000 for home financirz last year, of which % |~ Good foreign 734 302 434 55.7 175 87 239 169 146.9 153.9 184.3 157.7 low.__ 516 953 61.8 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, April 19.—Selective strength appeared in today's stock | market, but the list as a whole was unable to work up much vigor. While there was a sprinkling of new year’s highs, and some rubbers, | coppers, steels and specialties were on the upside throughout, an assortment of losers at the close and several new lows were in evidence. Trading forces generally inclined to stick to the safey zones while wait- ing for possible market clues in t President’s forthcoming relief mes sage. Washington advices concerning fresh discussion of ways and means of stemming the heayy gold inflow from abroad also kept speculative contingents on their good behavior, Dealings dragged from the start, Transfers were around 800,000 shares, the smallest in months Steels had the benefit of official | estimates, placing current mill opera= | tions at 91.3 per cent of capacity, up 1 point from last week at the best rate since August, 1929. Actual tonnage | was said to have established a record for the industry On the optimistic side were a num- | ber of excellent earnings statements | and favorable dividends. | NEW YORK COTTON | By the Associated Press. NEW YORK. April 19.—A further | upturn in foreign commodity markets after last week's break brought in | active commission house and foreign | buying in cotton today. | Early advances of approximately $1 | a bale, however, attracted realizing and Southern hedging, and prices res acted partially from the best. July eased from 13.52 to 13.38 and in midafternoon was close to the low | for the day, with prices generally @ | to 8 points net higher Putures closed’ barely steady. 5 lower. to 14 . New Orleans Prices. NEW ORLEANS. April 14 (P.—A des | cidedly better tone was apparent today at the opening of the cotton market and | prices moved ahead & to 17 points under spirited bidding ets helped the do= Tood trade and then moved nd of the of 13.40 tober and 13.24 | December showed ood advances | Week-end cotton news of importance | was ‘lacking | ~“Cottonsecd | 8.66b Ju\ | tober, 2'70b. CHICAGO GRAIN Bs the Associated Press. CHICAGO, April 19.—Wheat scored a maximum rise of 4! cents a bushel in Chicago late today. Much enlarged export demand for Canadian wheat was an outstanding | late factor, together with astonish- | ing reversal of trend in trans-Atlantic | markets. May delivery of wheat led the upturns of wheat prices here At the close wheat was 1 cent to 274 above Saturday's finish. May, 1.33%- 1.3335: July, 1.21%-1.21!3; corn 34 to 3 cents up, May, 1.2734-1.2775; July, 1.1772-1.175%, and oats 1 cent off to oil 985 s openad steady: Mav, September, Bid 8.89p; Ot Julrsics= Chicago Ca.sh Muket Cash wheat—No. 1 dark, hard, 1.38%; sample grade hard, 1.34. Corn—No. 3 mixed, 1.38; No. 4 mixed, No. 2 yellow, 139';; No. 3 yel]o 2 .39; v, 132« 1.36':; No. 3 white, 1.35!2-1.39; No. 4 white, 1.3434-1.35; sample grade, 113';. Oats—No. 1 white, 5634-57; No. 3 white, 5514-55',; sample grade, 54-55. Rye—No. 2 Western, 1.13. Soy beans—No. 3 yellow, 1.77';. Barley feed, 75-85, nominal; malting, 1.00- 1.30, nominal. Timothy seed, 4.50a5.00 hundredweight; clover seed, 27.00- 33.00 hundrewweight. WHEAT QUOTA PAYMENTS SUSPENDED IN BRITAIN By the Assoctated Press. LONDON, April 19—Wheat quota payments by British millers and im- porters of flour were suspended today. The present surplus in the wheat fund, it is estimated, will be sufficient to meet the wheat subsidy for the cur- rent cereal year ending July 31. Whether quota payments will be re- introduced later depends on the course of the price of home-grown millable Wheat. Quota payments are the contribu- tion which the flour miller and wheat importer makes to the wheat fund, from which the registered wheat grower is paid a subsidy. This subsidy is based on a guaran- teed price of 10 shillings ($2.46) per hundredweight, known as the stand- ard price. In practice, the subsidy represents the difference Wetween the about 77 per cent was by members of the Pederal system. The total was about $187,000,000 above 1935. ascertained average price the farmer received for his wheat on the market and the standard price.