Evening Star Newspaper, April 20, 1937, Page 18

A—18 ks RETAIL SALES RISE FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, APRIL 20, 1937. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE BUYIN[}S[[[[}INE By Private Wire Dlrm ‘0 The Star. Prev 1037 Stock and 2:18 pm., Bales— Add 00. 2:15 p.m. 2:15 p.m. Sales— Prev 1937 Stock and Net | Prev1037 Stock and Net | Prev1937 8tock and Sales— Net. Net Dividend Rate. RAPIOLY INMONTH ¢ March Returns Complete Heavy Tradg Upswing in First Quarter. BY EDWARD C. STONE. Retail sales in March showed an in- crease of 18 per cent in volume over March of last year, a dollar gain of about $560,000,000, according to cal- culnuons made public today by the Washmgton office of the American Retail Federation. The sales volume in March totaled $3,600,000,000. , Part of the increase in sales must be attributed to Easter buying, the federation points out, although this seasonal influence was not as great this year as was expected. The Fed- eral Reserve Board estimates that an Easter in March usually results in an increase of about 3 per cent more than the usual seasonal rise in de- partment store sales for that month. March sales this year were also aided by an additional selling day as com- pared with March last year. Sales during the first three months of this year totaled $8,800,000,000, an increase of about $1,000,000,000 over the first quarter of last year, or about 14 per cent. The gain in dollar vol- ume for the first two months was 11 per cent. Variety store sales made an aggre- gate gain of 23 per cent for the month. The rural retail sales vol- ume, as measured by the Department of Commerce index, also showed a gain of about 23 per cent, and de- partment store sales, representing largely urban business, were up more than 20 per cent from March of last year. New car sales registered an esti- mated increase of 19 per cent in March over a year ago, in spite of labor troubles in assembly plants, which interfered with deliveries, to- day’s report concludes. Accountants to Hear Expert. C. Howard Knapp of Newark, N. J. will deliver the principal address at the April meeting of the Washing- ton chapter, National Association of Cost Accountants, tomorrow evening in the Gold Room of the Hamilton Hotel. There will be a dinner be- ginning at 6:30 and the speaking will start at 8 o'clock Mr. Knapp. who is vice president and controller of Waitt & Bond, Congress Cigar Co. and the Porto Rican American Tobacco Co., is national director in charge of chapters in the National Association of Cost Accountants. The subject of his address will be distribution costs. His treatment of the problem will be very practical and he will discuss what is actually being done by an actual business organization concerning a specific product. The proper determination of cost of distribution is a factor which gives promise of much discussion at the meeting in connection with the Rob- inson-Patman act. That law presumes that if differentials in prices are made they must be based on actual differ- ences in cost. A manufacturer or & distributor who wishes to give a pref- erential price to a part of his trade, | must be able to support the reduction | of price by evidence that cost is really | less. C. Milton Clark, president of Wash- | ington chapter invites wholesalers and | Jjobbers and their accountants to a!-, tend and participate in the discussion | which will follow the address. Fifth District Trade Climbs. The Fifth district, including the Capital, enjoyed a splendid increase in wholesale trade in March and the first three months of 1937, the Reserve Bank of Richmond reported today. ‘The wholesale demand for shoes and hardware in March was 27 per cent better than a year ago, grocery sales ‘were up 20 per«ent, drugs 11 per cent &nd dry goods the same as a year ago. Grocery sales were also 16 per cent better than in February, dry goods were up 17 per cent; shoes, 37 per cent; hardware, 30 per cent, and drugs, 7 per cent. In the first three months of 1937 grocery sales were 13 per cent ahead of 1936; dry goods, 10 per cent; shoes, 21; hardware, 25, and drugs, 10. Stocks on hand at the end of March ‘were considerably larger than a year ago, the increase in dry goods being 45 per cent. Comparisons with Febru- ary of this year were unimportant. March collections were excellent, run- ning as high as 120 per cent in groceries; dry goods, 41; shoes, 48; hardware, 50, and drugs, 71. Treasury Pays Higher Rate. As the Treasury resumed borrowing of an additional $50,000,000 weekly on short-term bills, along with the regu- lar offering of $50,000,000 273-day bills, it was forced to pay a higher discount rate on both issues. The average rate on the 273-day issue was 0.701 per cent, while the shorter issue, a 148-day maturity, was 0545 per cent. Last week, a 273-day issue went at an average discount rate of 0.661 per cent. The 148-day series, dated April 21 and maturing September 16, drew tenders of $154,224,000, of which $50,- 025,000 was accepted. The 273-day issue, likewise dated April 21 and ma- turing January 19, 1838, drew tenders aggregating $134,330,000, of which $50,300,000 was accepted. Heard in Financial District. The April meeting of the safe de- posit section of the District Bankers’ Association will be held tomorrow evening in the board room of the American Security & Trust Co. This will be the most important meeting of the year as it is the last before the annual convention of the Na- tional Safe Deposit Advisory Coun- cil, set for Washington on May 6, 7 and 8. Secretary Morgenthau is most in- sistent that the Government has not present intention of making any change in the price of gold. He says the present gold policy is not a mat- ter for speculation. Today’s session of the Washington Stock Exchange was one of the busi- est in rany weeks. There were 10 consecutive $1,000 transfers in Capi- tal Traction 5s, all 932, also a $500 sale. Capital Transit stock figured in seven sales, involving 62 shares, at 13%, unchanged from yesterday. Washington Railway & Electric pre- ferred sold at 1082 and American C. H. Knapp. . Low. Dividend Rate. 63% Acme Steel (4) ... 15 Adams Exp (ab5c).. 30% Addressograph (1) 2% Advance Rumely__. 6815 Afr Reduction (t1) . 131 Alaska Jun (160¢) .. 37 Alleghany Corp...... 4314 Alleg pf ww $30____ 43% Alleg pf ww $40._... 361 Alleg Steel (b400) . 25815 225 Allied Chem (6) 331 25% Allied Mills (b50c)_ 217 16% Allied Stores (b20c) 8313 634 Allis-Chalm (b50¢) - 39% 3015 Alpha Port Cmt (1). 8% 4% Amal Leather _____ 521 341 Amal Leath pf (3)-. 114% 9814 Amerada Corp (2)_. 41% 251 Am Bank Note (11). 80% 58 Am Brake Sh (12)._ 121 101% Am Can (t4) = _ 71 56 Am Car & Foundry_ 104 92% Am Car & Fy pf(b4) 9815 72 Am Chain & Ca bl__ 99% Am Chicle (t4)_. 13% Am Colortype _ 263 Am Comecl Al asu.- 27% Am Crystal Sug b2._. 942 Am Crys S 1st pf 6. 8% Am Encaustic 13 Am European Sec. 7% Am & Foreign Pwr.. 46% Am & For Pw $6 pf_. 54 Am & For Pw 87 pf_ 20% Am & For Pw 2d pf_ 619 Am Hide & Leather. 3712 Am Hide & L pf (3). 13% Am Interntl (a40c). 43 Am Locomotive 113 Am Loco pf (a3) .. 22% Am Mach & F (1) .. 10% Am Mach & Met 60c. 50% Am Metals. ______ 62 Am News (N Y) (3) 105% Am Power & Light _. 55% Am Pw & Lt pf (5) 65% Am Pw & Lt pf (6)_. 23 Am Radiator t60c . 158 Am Radiator pf (7). 3314 Am Roll Mill $1.20_. 30% Am Safty Raz (12). 23% Am Seating (a2%)_ 58 41 Am Shipbldg (2) __ 105% 88% Am Smelt & Ref(3) 107% 105 Am Sm & Ref pf(6). 67% 59 Am Snuff (13) 3% 56% Am Stl F (b50c)xrts 37 3% Am Stl ¥ rts May 15 26 20 Am Stores (2) = 25% 21% Am Sun. -% (t1)_. 187 167'% Am Tel & Tel (9) 99 78'2 Am Tobacco (5) 80% Am Tobacco B (5) - 143 Am Type Founders_ 2073 Am Water W (80c) - 971 Am Wat W 1st p (6) 9% Am Woolen 64 Am Woolen pf lbl). 6% Am Zinc & Lead . 521 Anaconda Cop (11)_ 18 Anchor Cap (60c) _. 41 Archer-Dan-M(12)_ 107% Armour(Del)pf Armour of 11 (b: 5874 125 293 13% 68% 5 16% 723 871 291 170 45% 36 29 9974 Arnold Cnst b623c. 181 Assoc Dry Goods 49% Associates Inv (12). 6915 Atch T & S Fe(a2) . s Atch T & S F pf(5) . 445 Atl Coast Line(a1)_ 35 At1G& W I pf(a3)- 30% Atl Refining (11) Atl Refin pf (4) 16% Atlas Corp (80c)_ 281 Auburn Auto 6% Aviation Corp Del__ 8 Baldwin Loco (d) 86% Baldwin Loco pf(d) 6! Baldwin asd (d) 881, Baldwin pf asd(d)-. 208« Baltimore & Ohfo___ 3% Baltimore & Oh pf__ s Barber Co (a75¢) _ 38 Barker Bros pf 2% _ 2614 Barnsdall (1) Beatrice Cream t1._ 35 Beech Creek RR(2)- 12% Belding Hemin (1) 22% Bendix Avia(b26c)_ 20% Benef Ind Lin (b95¢) 73 Bethlehem (al%)._ 18% Beth 5% pf (1) 1291 1194 Bethlehem pf (7) 69% 52 Bigelow-San b50c. 30 Black & Deck b50c.. 22% Blaw Knox (b20c)._. 33% Boeing Airplane 407s Bohn Alum & B(3) 413% Bon Ami (B) (2%) 25% Borden Co (1.60) 7214 Borg-Warner (4) 8Y% Boston & Maine 16% Bridgept Brss(60c 12 Bridep’t Br rts Ap29 45% Briggs Mfg (12) 437 Briggs & Strat (3) . 41Y% Bristol-Myrs 12.40_ 35% Bklyn-Man Tr (4) __ 8813 Bklyn-Man T pf(6).- 5 Bklyn & Queens 25 Bkn& QT pf (3)._. 38! Bklyn Un Gas (3)__. 20Y% Brunswick-Balke. 181 Bucyrus-Erie__ 117'x 108 Bucyrus-E pf (7) 14% 10% Budd (EG) Mfg____ 13 9% Budd Wheel(a20c)_. 45% 34% Bullard (b25¢) .____ 6514 50% Bulova Watch (14)- 35% 287 Burr Add M (80c) __. 11% 7% Bush Terminal (d)- 45% 24Y% Bush T Bldg pf(d)._. 18% 13% Butler Bros (bl5¢)_. 36% 29% Butler pf (1%)_ 9% 5% Butte Cop & Z(abc)- 33% 25% Byers (A M)__ 91 75% Byers (A M) pf 34% 27 Bwron Jackson (t1). 481 38% Calif Packing (114). 615 23 Callahan Zinc-Lead. 20% 14Y% Calumet&Hecla (1). 37% 29% Campbell Wy (t1)_. 38y 27l Canada Dry G Ale__ 17% 14 Canadian Pacific 6112 49 Cannon MillsleDc) 18% 15 Cap Adm (A)(al)_. 9 7 Carriers & Gen(b5e) 176% 138 Case(J I)Co (4)___. 129% 116 Case(J I)Co pf(7)_- 100 85 Caterpillar Tr (12)_ 39% 26% Celanese (b75¢) ____ 1131 106% Celanese pr pf A (7). 4814 36 Celotex Corp_______ 39% 33% Cent Aguire (113).- 125% 8% Central Foundry ___. 41% 30 Central RRofNJ. 24% 17 Cent Violeta Sug_. 86% 67% Cerro de Pasco (4! 23% 16% Certain-teed Prd___ 82 67% Certain-teed pf (6)- 601 35% Champion Pap-(11). 48 36 Checker Cab Mfg 687 57% Ches & Ohio 12.80 6% Chi & Est I11 pf (d). 2% Chi Grt West (d).__ 13% Chi Grt West pf (d) 814 Chi Ind & L pf (d).. 28 ChiMallOrd t1% .. 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d). 3% Chi&N W (d) __ 11% Chi & N W pf (d) - 23 Chi Pneumatic Tool 3% 2% ChiR1& Pac(d) _. 8% 5% Chi RI&P 6% pf(d). 10% 6% Chi RI&P 7% pf(d). 15% 12% ChildsCo __. 135% 110% Chrysler (bl%) 21% 187% City Ice & Fuel (2)_ 92 85 CityIce& Fpf6l_. 10% 8% City Stores 38% 32Y% Clark Equip(11.60). 113 105 ClevElIllupféls__ 42Y% 35 Clev Graph Br (2)__ 98% 178 Cluett Peabody (3). 170% 122% Coca-Cola (t2). __. 25% 19% Colgate-P-P(150c)-. 62% 53 Collins & Atk (2)_. 112% 108 Collins & Alk pf(5)_ 51% 39 Col Fuel & Iron(bl) 30 23 Colo & South 1st pf_ 20% 13% Columb G & El(40¢) 108 94 ColG&EDpfA (6) 101 90% ColG&Epf (5)___. 39% 32% Columb Pic vte (t1) 125% 112% Col Carb vtc (14) .. 69% 56% Comcl Credit (t4).. 80% 64 ComclInvT (t4)... 21% 16% Comel Solv (t60c) .. 4% 2% Comw & Southern.. 43 Alleghany pf xW_.._. - 22 Allen Indus t1)____.* T5% 19% 45% 19% 18% 49% 108 5% 18% 134 17% 10% Security & Trust Co. stock moved at 298. 184 13% 56 Comw & Sou pf(3) 13% Conde Nast Pub_ 36% Congoleum-Nrn(2) 154 Congress Cigar(a2). 135 Consol Cigar____ 38% Cons Edis N Y(t2)._. 104% Cons EA N Y pf(5).. 4% Cons Film_ 14% Cons Film p! 9% Cons Laundries__._ 155 Cons Ofl (80¢) __... 7 ConsR R Cuba pf... % Cons Textile (d) ... 8% Cons Coal(Del)vte.. 82% 18% 823 2% 1 5 243 240 1 25% 36 18% 63 70 1 32% 80 1 42y 26% 1T% 6744 321 o 1(18‘/. 25% 414 13Y% 223% 3’3‘ 258, 3915 443 31l 32% 137 49 16% 9 158 1234% 91 37% 112 44% 34% 9% 30% 18 % 13% n7 20 87 9 35% 208 107% 107% 24 43 2 91 2 161 20 23 1 58% 308 110% 91 160 22% 58% 110 41 22 14% 941 92 34% 118‘/: 120% +2! 66% 16% a1 1 2 12 MOO High, Low. Close. chge. 11 84 22% 242 25% 18% 69 3214 6% 153 37% 30% 231 89 1058 591, 55W 3 1 4 323 1613 26 41 13% 23 21% 165% 123% 911 38% 112 4454 341 9% B | 2 e FEFEFFEF FFEFS 27% — 2% 5% + 4% + 143 27% + 3 + 6% + 8 + 13% — 17% + 20 87 9 + 35% + 107% — 41% 43 h2 91 161 22% + 58% + 110% + 41 + 23% + 1414 9% + 92 + 34y — 60% + 67 16% + 2% — 56% + 15% — 40 16% + 14% + | P+ i 3 +1 3 17% 148 127 109' 135% 313 29 588y 1801 135 17 175% 3Tl 16 29 5 45 1001 124 701 122% 19 5y 651 53¢ 281, 42Y% 1451 391y EEFFEFRF 189 1114 162 16% 15% 18% 3% 24% 18 9% 121% 63% 52 110 16% 36% 30 FER EISFEFER FF X 8T% 155 136 46 29 27% 23% 19% 109% 69% FORSEFS 245 137 21% ### EF FRFERFFEFFEETES 1% 12 +Ifi 4 b High. Low. 52% 4112 33 Cons Coal Del vte pt 20% Container Corp 1.20. 27% Contl Baking (A) ... 3 Contl Baking (B)... 55% Contl Can (3)_____. 20% Contl Diamond (2).. 37 Contl Insur (t1.! 00). 2% Contl Motors. 40% Coatl Oil Del (Vl) - 263 Contl Steel (b50¢) . 63% Corn Ex Bank (3)__ 63 Corn Prod Ref(t3).. 6 Coty Inc. 46 CraneCo _ 2914 Cream of Wheat(2). 21 Crosley Radioal 70% Crown Cork & S(2)_ 47% Crn C&S pf ww 2% _ 41 CrnC&S pf xw 2% __ 17 Crown Zeller(new) 99 Crown Zell cu p£(5). 51 Crucible Steel. 11% Cuba R R pf 10 Cuban-Am Sug: 110 Cuban-Am Sug p! 39% Cudahy Pkg (2%3) .. 9214 Curtis Pub pf (7) __. 6% Curtiss-Wright__ 18% Curtiss-W (A)a50c_ 80 CushmanSpf3%__ 76 Cutler-Ham (b50c) . 15% Davega Stores(11)... 104% Deere & Co . __ 29 Deere & Co pf 1.40_ 22 Deisel-Wem-G(11) . 4214 Delaware & Hudson 17 Del Lack & West 61 Devoe & Rey A(13)_ 30 Diamond Mth (b50c) 21% Diamond T Mot b25e 23% Distil Corp Seag 90 DistCS pf ww (5)_. 36% Doehler Die Cast(2) 41% Dome Mines (12) 54% Douglas Aircraft. 5% Dunhill Internatl 154 Du Pont (b75c) 131% Du Pont deb (6) - 11%5 Eastern Roll Mills. 15813 Eastman Kodak(6) - 31% Eaton Mfg Co(b50c) 117 Eitington-Schild 23% El Paso Nat G 1.60.. 377 Elec Auto Lt 12.40 11% Elec Boat (a60c) __ 5y Elec&Mus 1 (al8c). 197 Elec Pow & Light __ 6744 Elec Pw & Lt $6 pf.. 75 Elec Pw & Lt §7 pf_. 114 Elk Horn Coal (d) -2 54 Elk Horn Cl pf (d) .. 108% Endicott-Jhn pf(5). Tix Equitable Office B_ 137 Erie R R _ 264 Erie R R 1st pt. Zl‘a Erie R R 2d pt Eureka Vac (80c).. Evans Prod (t1) ... 314 Fairbanks Co _ Fairbanks Co pf_ Fairb'ks-Morse (1) 4« Fajardo Sug Co (bl) Federal Lt & Trac .. Fed Min&Sm pf(7) .. Federal Motor (40c) 512 Fed Screw Works_.. Fed Water Sve A __ 612 Fed'd Dept Str(2) _ Fidel Phoenix 11.60. Firestone T&R (2). Flintkote Co (1) Florence Stve bi0c_. Follansbee Bros(d). Food Machine (1) 2 Food Mach pf(4%%) Foster-Wheeler Foster-Wheeler pf_ Francisco Sugar __ Freeport Sulph (1) . Fuller Co 2d pf__ 4% Gabriel Co (A) Gannett cv pf (6) . 15 "Gar Wood Ind assc. 121 Gen Am Inv(a75c) 693 Gen Am Trans (a3). 135 Gen Baking (160c) .. 974 Gen Bronze 25'3 Gen Cable _ 52% Gen Cable (A) - 43 Gen Cigar (14) 517 Gen Electric (b40c) 3914 Gen Foods (2) - 2% Gen Gas & Elec(A) 57 GenG&E 6% cv pfA 60 Gen Mills (3) 117'% Gen Mills pf (6) 57% Gen Motors(b25c) 1142 Gen Motors pf(5) -. 15% Gen Print Ink new__ 4 Gen Pub Service 48 Gen Ry Signal (1) 3% Gen Realty & Util_ 60 Gen Refract (a3%). 70 Gen Steel Cast pt 2712 Gen Thea Eq(b25c). 37 Gen Time Instru t1_ 15Y% Gillette S Raz (11)_ 20's Gimbel Bros 43 Glidden Co (2 514 Gobel (Adolf) 612 Goebel Brew (120c). 31 Goodrich(BF)(al). 7913 Goodrich pf (5) 274, Goody'r T&R bilc 100 Goodyear cu pf(5) 10% Gotham Silk Hose._ 3 Graham-Paige_ 614 Granby Cons__ 2 32 Granby rights Ap 26 37 Grand Union ctfs___ 384 Granite City Sti(1)._ 41% Grant (WT) (11.40) 40% Grt Northern pf____ 19 Grt Northn Ore (1)_ 35 Grt West Sug 72.40_ 138 Grt Wst Sug pf(7) .. 32% Green HL (11.60) .. 13% Greyhound (t80c)._. 1012 Greyhound pf(55¢) 1212 Gulf Mobile & N___. 49'3 Gulf Mobile & N pf_ 2613 Hack W pf A (1%) 1315 Hall W F Print 25% Hamilton W (b60c) . 48 Harb-Walker (12) 5% Hayes Body 13 Hecker Prod (60c) 2] 11113 Helme (GH) (15)- 59 Hershey Choc (13)_ % 105% Holland Fur pf(5) - 21 Hollander & Son(1). 31% Holly Sugar (12) 355 Homestake (112) _. 21% Houd-Her B (11%). 57% Household Fin (4) 1213 Houston Oil vte . 62% Howe Sound (13)_.. 181 Hudson Motor-.. 1% Hupp Motors. 221 Illinois Central 46 Illinois Cent pf 63 IllCentlsln (4)- 12% Indian Refin (a1)_. 36% Indus Rayon (2) Inland Steel (4) .. 22% Inspiration Cop. 8% Inter Rap Tr vte 4% Intercontl Rubber_. 16% Interlake fron 5 Intl Agricultural_. 42 Intl Agricul prpf_.. 1597% Intl Bus Mach(16)_. 99% Intl Harvester(2%) 146 Intl Harv pf (7) 8% Intl Hydro E1 A 6% Intl Mercantile M__. 12% Intl Mining (as0c).. 6214 Intl Nickel (b50¢). 16% Intl Paper (A) 10% Intl Paper (B) caeee 5% Intl Paper (C)meee. 90% Intl Paper pf._ 41 Intl Print Ink (t2)_. 31% Intl Silver. _.__ 90 Int Silver pf (b4)_. 11% Intl Tel & Tel _ 28% Interstat Dp St b2% 25% Island Creek (2) 761% Jewel Tea (14). 127 Johns-Manv (13)_ 123 Jon&L 7% pf(b1%). 38 Kalamazoo S (1) 20 Kans City South. 231 Kayser J & Co (2)_. 17 Kelsey-H A (a1%)-. 14% Kelsey-H B (al%4).. 102 Kendall pf A (16) 56% Kennecott (b50c) . 17Y% Keystone S&W b30o 88% Kimberly Clark(1)_- 5% Kinney (G R) Co___ 24% Kresge S S (b30e) _ 22 Kroger Groo (11.60) 18% Lambert Co (2) .-~ 17 Lee Rubber (60c) ... 38% Leh Port Cmt 1% _.. 11% Lehigh Val Coal pf_. 17% Lehigh Valley R R_.. 118 Lehman Corp (13) .. 16 Lehn & Fink(al3§)- 48% Lerner Stores(t2).. 66'% Libbey-Ow-F b75c_.. 9% Libby McN & L(al). 25% Life Saver (11.60)_. 98 Ligg & Myers (14).. 98 Ligg & Myers B t4_. 21% Lily Tullp (11%).--. lOOI 8 22 48% 35% 29% 3% 5% 21% 132 14% 159% 3215 14% 25 383 R B N OO S e D @ 3 4 127TY 127% O L L L L BT i High, Low. Close. chge. 8% 15% 133 T8% 15% 132% 30 30% 23% 234 47% 48% 20 20 66 66 327 33% 21% 21% 23 234 91 91 381y 387 41% 43% 563 587y 5% 6% 158 159% + 1321 132 1312 18% 15815 15815 3215 3214 144 143 25 25 38% 38% 1% 11% bl 5 22 22Y% 72 3% 874 143 53 110 T 197 30w * 23% 124 30% 281, 35' 6 281 35t + 118'5 1181, 58% 59% 116 116 16% 107 151 12% 124 12% 61% 22% 163 8% 115 63 43 100 100 124 12% 29% 29% 29 29 T6% 76% 132% 135 107% 151 13 12% 12% 61% 22% 16% 8% 115 63% 43% sxx P 39% 39% 25% 25% 24% 24% 18 18 15 15 102 102 57% 5T% 18% 18% 45% 46% 8% 8% 68k 68% 10% 10% 25 25 23 23 21% — % 24 + % 41% 12 + % % 20% + % 128 +3 16% + % 521 + 69% + 14% + 27% — 98% + 98Y% — 22% + I ¥ - kS High. 8314 53% 841y 47% 26% 35% 4R% 122 106 16% 101 34 9 3d% 6% 122 4T% 281y 331 3% 151, 31 31 86 65 1181 52% 112% 140% 2% 24% 4T% 120% 49% 98 34% 58 140 46 108 2161 Low. Dividend Rate, 59 Lima Locomotive__ 43% Liquid Carb (2.60) 64% Loew’'s Inc (12) 2% Loft Ine _ 56 Lone Star 6% Long-Bell Lumh(A) 22% Lorillard P (11.20) - 87% Louis & Nash b23; _ 29% Ludlum Steel (11) _. 32% MacAndrew&F (12). 29% McCall Corp (12) 18% McCrory Stores 40% McGraw Elec (12) 36% McIntyre Porcu(2)_ 33% McKeesp't Tin Plate 12% McKesson & Rob __ 45 McKess & Rb pf(3). 15% McLellan Strs b75c. 42% Mack Trucks (11)_ 49'% Macy (R H) (t2) 20 Manati Sug of (d) 21% Manati pf ctfs (d) 10'3 Man El md gtd (d) 29% Manhat Fl gtd (d) 22 Manhat Shirt (1) 10% Marine Mid (t40c). 2 Market St Ry Market St Ry pf Market St Ry pr pf_ Marshall Field Martin-Parry Masonite (+1) Mathieson Alk(13%) 4 May Dept St (13) _ Maytag Co (a50c).. Mead Corp Mead Corp pf (6) Melville Shoe (15) Mengel Co o Mengel 1st pf (214) Mesta Mach (b1%)_ 4 Miami Copper Mid-Cont Pet a1.15_. Midld Stl Prod(t2)_ Midld Stl 1st pf(8) Milw ER &I pf(6)_ Minn Moline Pow _ Minn Moline Pw pf_ Mission Corp (ad5¢c) Mo Kans & Texas Mo Kans & Tex pf A Mo Pacifie (d) - Mo Pacific pf (d) __ Mohawk Carp(1.20) Monsanto Chm(ti). Montg Ward (12)_ Morrell J (2.40) ___ Morris & Esx (37%). Mother Lode al2}c Motor Prod (t2) _. Motor Wheel(1.60) _ Mullins B (a50c) Mullins pf (7) a3 Mueller Brass (t1) . Murphy rts May 10_ Murray Corp(a50c). Mvyers (F E) (b1)_ Nash Kelv (1) ~__ Nashv Chat & St L_ atl Acme (a75c) .. atl Biscuit (1.60) _ atl Bond & In 1.44. atl Cash Reg (1) _ atl Dairy Prd 1.20 atl Dairy pf A (7) vatl Dairy pf B (7). Natl Dept Stores Natl Distillers(+2) _ & 13% 29% 1874 3814 116 103% 11 8815 267 67 24% 3 Vatl Pw & Lt (60¢)_ atl Steel (1236) Natl Supply Co Natl Tea (60c) Natomas (180c) Newberry JJ 12.40 New Orl T&M (d) Newport Ind(b50c) Y Central N Y Cent rts Mayl_. NYChi&StL NYChi&StLopf_ N Y City Omnibus N Y Dock N Y Dock pf N Y Investors (d) NYNH&H (d)__ NY NH & H pt (d)_. N Y Ontario & W_. N Y Shipbuilding_. N Y Shipbldg pf____ N Y Steam 1st (7) Norfolk South (d) North Am Aviation_ North Am Co(b30c) Northern Pacific __ Norwalk Tire & R. Norwalk Tire pf. Ohio Ol (a60c) ___. : Oliver Farm Equip_ Omnibus Corp vtc Otis Elev (60c) - Otis Steel _ Outboard Mot b5c_ Owens-111 G1 (6) Pacific Am Fish 1.20 Pacific Coast 1st pf Pacific Coast 2d ___ Pac Gas & Elec (2)_ Pac Lighting (3) Pac West Oil(a6ie) Packard Mot (b15c) Panhandle P& R __ Panhandle P&R pf 22% Paramount Pic _ __ Paramnt 1st pf (6)_ 5 Paramnt 2d pf 60c__ 2813 Park & Tilford (2).4 4y Park Utah _ 38 Parke Davis (b1)__. 247 Parker Rust (11%). 53 Parmelee Trans 7% Pathe Film Corp 1414 Patino Mines(160c). 3% Peerless Corp__ 49% Penick & Ford (13)_. 97 PenneyJC) (4) ___ 4% Penn Coal & Coke__. 7% Penn Dixie Cement.. 64 Penn Dixie pf (A)__ 22 Penn G1Sd ctablc_. 393, Penn Railroad (a2)_ 493 Peoples Drug (t1)_. 4813 Peoples Gas Chi 34 Pere Marquette _ 17% Petr Corp Am a90c_. 10% Pfeiffer Brew b60c 4-32 Pfeiff Br rts May 13 4714 Phelps Dodge b35e 50 Phila Co 6% pf (3). 5% Phila Rap Tr (d) __ 975 Phila Rap Tr pf(d)- 112 Phila Read C&I (d)_ 70 ~ Philip Morris(b3% ) 131 Phillips Jones_____. 494 Phillips Petrol (2)_ 16% Pierce Oil pf 2814 Pilisbury Flo 50 Pirelli (A) (a3.13) 1314 Pitts Screw&B bl5c. 24% Pitts Steel 100 Pitts Steel pf_ 31% Pitts & W Va_ 24% Plymouth Oil 2414 Poor & Co (B) 2% Porto R Am Tob B__ 10 Postal Tel&C pf(d). 231 Pressed Steel Car _. 24 Press Stl 1st pf 250 66 PressStl 2d pf 234 _. 551 Proctor & Gam (12). 114% Proc & Gamb pf (5)_ 427% Pub Sve N J (2.60) . 100% Pub Sve N J pf (5) . 127% Pub Sve N J pf (7). 58 Pullman Inc (1%)_. 19% Pure Oil 18% Purity Bak (60c)_ 16 Quaker State (80c)_ 10 Radio Corp 73% Radio pf A (3%)___ 7% Radio-Keith-Or (d). 14% R R Sec Ill Cent____ 31 Raybestos M (t1%4) 39% Reading RR (2) __ 9% Real Silk Hoslery__. 18% Rellable Str (a50c) - 3114 Reliance Mfg (160c)x 21% Rem-Rand (160c) 80% Rem-R pf ww(4%%). 5 Reo Motor Car 27% Republic Steel 109 Republic pf (b13)_ 33% Revere Copper____ 71 Revere Copper(A).. 24% Reynolds Spr (+1) __ 501 Reynolds Tob B (3). 117 Ruberoid Co (1.80)_ 38 Safeway Stores(t2) 97% Safeway Strs pf(5). 508 58 2 15 9 1 7 5 Add 00. k( 100% 15% By 29% blg 10 35% 90 69 52 831 3 59 8% 46 16 66 21% 49 691 2 1091 3 13% 25% 33% 54 33 21 . 517% % 129% 102 39% 102 . Low. Close. chge. 691 + % 52% +1% 83% — % 3 59% 8% - 22% 9% 97 +1% 4614 — 1y ”2 32 2332 +132 16% 66 2184 + % ke W 504 - 564 16 : 2 15 32 15 32 10913 3 131 26 L+ I+4 1 ++41 [ e 2R 4100 SRR ESE +1 524 Itllll++ ER FE FLESFEE [ 51 129% — % 39% — % 102 High. 4% 2124 100t 109 | 12315 118 231 4% 11% 831y 57% 167% 170 305 2T% 65 33% 187% 634 46'% 6% 124 91% 65% 47 112% 100 76 621 3T% 142 46% 1017 115 40% % Low. Dividend Rate. 43% St Joseph Ld(b50c) 3 St L-San Fran (d)._. 614 St L-San Fr pf (d) 281 St L Southwn pf(d) 42% Schenley Dist(b75c) 94% Schenley pt (5%) - 2 Schulte R Strs (d) .. 17 Schuite R 8 pf (d) 38 Scott Paper (1) _ 1% Seaboard Alr L (d)_ 6 Seaboard A L pf(d). 40% Seaboard O11 (1) 7' Seagrave Corp . 81 Sears Roebuck (3) 28 Servel Inc (t1) _ 29 Sharon Stl (11.20) 10% Sharpe & Dohme__. 14% Shattuck F G (60c)_ 37% Sheaffer Pen(b1%)_ 26% Shell Un O11 (a26c) . 102 Shell Un Oil pf 5% 1214 Silver King (b25c) _. 44% Simmons Co (b50c) . 3% Simms Petrol 42 Skelly Oil __ 85 Sloss-Sheffield Stl 217% Snider Pkg (b1%) 16% Socony-Vac (b25c) - 4% South Am G & P 30¢ 34 South Port Sug(t2). 26 SoCal Edison t1%._. 42Y% Southern Pacific 24 Southern Ry.._ 47% Southern Ry pf_ 67% Sparks-Withing .__. 31% Spencer Kell (1.60) _ 19 Sperry Corp vtc(al) 2814 Spicer Mfg (a3) 45% Spicer pf A (3) 22% Splegel, Inc (1) 41% Square D (B) b2jc_. 14% Stand Brands(i80c) Stand Brands pf(7) tand Com Tobac . Stand Gas & El (d) - Stand G&E $4 pf(d) 60 Stand G&E $7 pf(d) 43% Stand Oil Calif (11). 44% Stand Oil Ind (11) 67% Stand O11 N J (11) 341 Starrett L S(1.40) 65 Sterling Prod 13.80_ 17% Stewart-Warn e 22%, Stone & Web(a25c). 13% Studebaker Corp Sun Oil pf (8) __ Superheater Co (1). Superior Oil Superior Steel .. Sutherland P 11.60_. Sweets Co of Am Swift & Co (11.20) _. a Swift Intl Ltd (2) - Symington ww bl0c Symington xw bl0c. Talcott (J) b30c Talcott (J) pf 12% - Telautograph (60c)_ Tenn Corp (alic) Texas Corp (2) Pexas Corp rets lexas Gulf PraSc._ Texas Gulf Sul (12) Texas & Pac RR___ Tex Pac C&O bllc.. Texas P L T (al0c)_ » Thatcher Mfg (f1)_ Thermoid Co __ Third Avenue___ Thomp'n Prod all; Thompson Starrett. Tide Wat A O (60c). Timken Detroft t1__ Timken Roller B(3) Transamerica t40c Trans Wst AiraZic Tri-Contl (a50c) 2 Truax-Traer(b25c) Truscon Steel _ ___ 20th Cent Fox b50c 20th Cent F pf(1%) Twin Coach (al.40) Ulen & Co = Und-Ell-Fisher (3) Union Bag & P (2) - Union Carb (3.20) TUnion 0Oil(Calif)1.20 2 Union Pacific (6) Union Tnk Car 1.60 Utd Aircraft(a50c) Utd Air Lines a20c_ Utd Biscuit (1.60) .. Utd Carbon (4) e Unit-Carr Fast(12). Utd Corp (a20c) Utd Corp pf (3) Utd Drug (a75c) . Utd Dyewood (1) Utd Elec Coal Unit E1C rts May 14 2 Utd Eng & Fy (12)_ United Fruit (i3) Utd Gas Imp (1).__ Utd Paperboard U S Distributing pf_ U S & For'n Secur._ U S Freight (1) _ U S Gypsum (12) U S Gypsum pt (7). U S Hoffman. . __ U S Indus Alcohol _ U S Leather vtc ___ 1S Leather (A)vte. U S Pipe & Fdry(3). U S Realty & Imp 441 U S Rubber U S Rubber 1st pf__. S Smelting (b4) __ 69 U S Smelt pf (3%3) .. 75 USSteel ___ 139% U S Steel pf (7) 7 Unit Stk Yds th). 53 Utd Stores (A) - 7745 Utd Str pfa14.81% _ 69 Univ Leaf Tob (13) 79 Univ Pictures1stpf % Util Pw&Lt (A)(d). 1% Vadsco Sales Corp- 28Y% Vanadium Corp . _. 393 Van Raalte(b6233c) 42 Vick Chemical (12). 7% Va-Car Chemical __ 5414 Va-Car Chem 6% pf. 108 VaEl& Pw pf (6)__ 263 Va Iron C & C pf 70 Vulcan Detin (a8) . 3% Wabash (d) ____ 9 Wabash pf (A) (d) 15% Waldorf Sys(11.20). 29 Walgreen Co (2).. 44% Walker (H) (2) 11% Walworth Co. 34% Ward Baking 6% Ward Baking (B) 13% Warner Bros Pict__. s Warner-Quinlan(d) By 8% 23 111 6% Warren Bros (d) ..~ 24 46 93 90 War'n Br v pf (d)_. Wesson O&S (t50c) West Penn E1 A (7) West Penn EI pf(6) 103 West Penn Bl pf(7) 118 West Pa Pwr pf (7) 8§74 Western Maryland._ 171 Western Md 2d pf__ 215 Western Pacific_ 7Y% Western Pacific pf. 69 Westn Un Tel (3)__. 46Y% Westingh'se A B(1) 130% Westingh'se El (b1) 150 Westhse 1st pf (bl) 241 Weston El Inst as5c 22 Westvaco Chlor (1) 38 Wheeling Steel___. 23% White Motor __ 15% White Rk M S(1.40) 52 White Sewing Mach 35% White Sew Mch pf_. 41 Wilcox Oil & Gas 8% Wilson & Co (50¢) . 79% Wilson & Co pf (6) - 51% Woolworth (2.40) _ 341 Worthington Pump. 81 Worth Pump pf(A). 77% Worth Pump pf (B). 6814 Wrigley W ir (13)__ 4914 Yale&Towne(160c)- 20% Yellow Tr & Coach_ 128 Yel Tr & C pt(b1%) 40 Young Spr& W(t3)- 75% Ygstn S&T (b75¢) 99% Ygstn S&T pf (5%). 31 Zenith Radio (bl).- 6% Zonite Products. 22 1 4 108 2 43 108 3 57 1 29 11 Add 00. High, 57% 37 8% 32 45% 9% 2% 184 41 Low. Close. chge. 56% 3% Li+++1 +(+#I ONSTOCK MARKET Favorable Earnings Bring Gains of Fractions to $2 or More. Stock Averages 30 Indus. +.9 95.6 947 952 81.7 - 1016 9238 993 15 a0 Rans. Ut stes +.7Unc. +.6 469 458 708 462 458 702 465 472 709 352 47.3 615 495 540 753 378 457 68.7 435 537 728 734 302 434 55.7 - 175 87 239 169 - 146.9 153.9 184.3 157 516 953 618 618 Net change. ‘Today, noon Prev. day._. Month ago. Year ago- 1937 high 1937 low- 1936 high 1936 low. 1932 low 1929 high 1927 low. (Compiled by the Associated Press.) ! l ‘ : BY VICTOR EUBANK, Associated Press Financia: Writer | NEW YORK, April 20.—A host of favorable earnings statements and | prospects of further industrial im- provement stimulated a selective and 'qum rally in today's stock market, | Led by steels and rails, favored farm ‘nmplemouv,s. aircrafts, rubbers and specialties pushed up fractions to or more points, although late profit ‘splhng cut down extreme gains | many instances. Losers were plentiful at the close The President’s message to Congre requesting $1,500,000,000 for the relief | budget was in line with forecasts, and brokers thought it had little influer | either way on stocks. The suggesti :‘m\h taxes were possible in the nex | disclosed a boosted but 1001, 911y 70 110% 130 40% 87% 99% 37% 6% Approximate Sales of Stocks on the N. Y. Stock Exchange. larations including _ extras. Bompanies . revorted 390,000 760,000 it of trading than s Onit of ,;P & fvidend 12:00 Noon 2:00 P.M Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly dec- 100 shares. last year. ceivership or b P being 610,000 880,000 tAnngal eate— af s year. reorganized ALLIED KID VOLUME CLIMBS 32 PER CENT E£gecial Dispatch to The Star. NEW YORK, April 20.—Reflecting the increased cost of raw skins, which is running about 40 per cent above cost a year ago, as well as an increase in physical volume, dollar sales of Allled Kid Co. for the first three months of 1937 were lpproxlmnuly 32 per cent above the total for the’ 5 same quarter last year, it was re- ported today by Benjamin Simons, treasurer of the company. Sales in dozens increased by about 18 per cent, compared with the same period of 1936. Simons stated that the declaration of a regular dividend of 25 cents a share on the common stock, payable May 1 to holders of record April 24, is to be regarded as establishing a regular annual dividend rate of $1 per share, s QUEBEC POWER NET OFF. NEW YORK, April 20 (Special).— Quebec Paper Co. reports for the first quarter consolidated gross revenue of $984,680, compared with $950,879 for the corresponding period last year. After operating expenses, taxes and fixed charges, surplus before deprecia- tion and income tax amounted to $254,926, compared with $265,108 for the first quarter of 1936. | session had also been considered | the financial district | United States Government securi- | ties skidded as the Chief Executive anticipated deficit in the fiscal period ending Jur |30. Corporation bonds improved Commodities displayed uneven trends | Stock dealings were rather livel the first hour. The pace slowed s | sequently. Transfers were around i 100,000 shares. NEW YORK COTTON | B the Associated Press NEW YORK, April 20.—Early de- clines of 6 to 11 points in cotton to- day were followed by rallies of $1 a bale or more on Wall Street and local buying promoted by firmness of stoc! July sold up from 13.14 to 13.39, but met renewed liquidation dn the |advance and in midafternoon was | quoted at 13.32. when prices showed net gains of 5 to 9 points y. 9 to 12 Low 311 Spot steady: middii tialities of beiter Liv prices on the cotton ma small net losses There was more liqui preparation for frst t July and Oc- | tober May opened here at 13.12. July at 13.14, October at 12.94 and December at 1 & b Livernool 1 he Spanisn glio appeared to be mak: S 10 "weeks. and this - had indveed & orders from the cor reports were favorable es_opened Sep.ember stead 0.8 CHICAGO GRAIN Bs the Associated Press CHICAGO, April 20.—In late trad- ing today the Chicago Wheat Market averaged higher, but failed to hold extreme upturns, a feature be widening of the price spread between the May future and new crop months. Cables said buying of wheat for Ger- many and Italy had ceased tempo- rarily, but was expected to be re- sumed later on. It was added ti international wheat market would be governed to a great extent hereafte by North American weather condi- tions. At the close wheat was 15 higher than yesterday's finish May, 1.347g-135: July, 121%5-1, Corn unchanged to 1% higher; May 1.28% - July, 1.18'3-% and oats 'y | lower to 3 WHEAT—Open ay *s lower t 1 1 Chicago Cash Market. Cash wheat, no sales reported: corn No. 3 mixed, 1.373; No. 3 yellow. 1.36a1.38; No. 3 white, 1.36a1.39%; oats, No. 1 white, 56'2; No. 2 white, | 5634: soy beans, No. 3 yellow, 1.77%; barley feed, 73283 nominal; malting, 1.00a1.30 nominal; timothy seed, 4.50 a5.00 hundredweight; clover seed, 27.00a33.00 hundrvdweight Baltimore Qummom BALTIMORE. April 20 (7.—Wheat, No. red Winter, garlicky, spot domestic, 1:45%; April. 1. GROUP FAILS TO FILE VAN SWERINGEN CLAIM By the Assoctated Press. CLEVELAND, April 20.—Deadline for filing claims against the O. P. ard M. J. Van Sweringen estate was reached last night without a claim for a $45,000,000 loss being filed by a New York banking group headed by J. P. Morgan & Co., J. Paul Thompson, re- ceiver for the estate, said. Thompson reported that claims filed against the estate did not quite reach $25,000,000, which included claims of three Cleveland banks. MENGEL SHARES DEPOSITED. NEW YORK, April 20 (#).—William L. Hoge, president of Mengel Co., Louisville, Ky., states that as of March 31 last more than 94 per cent of the shares of the 7 per cent preferred previously outstanding had been de- posited in acceptance of the plan of recapitulation and that some addi-* tional amounts have been deposited since that date.