Evening Star Newspaper, April 20, 1937, Page 19

FINANC CIAL. ‘ THE BVENING | CURBLIST HOLDS T0NARROW RANGE Some Favorites Advance, hut Changes in Most Groups Are Slight. By the Assoclated Press NEW YORK, April 20.—Some se- lected stocks advanced for broad gains in the curb market today. but in gen- eral the list was narrow in quiet trad- ing. Aluminum Co. of America added 4 | points, and lesser increases were noted for Colts Patent Firearms, Sherwin- ‘Williams. Newmont Mining, Wayne Pump, Arkansas Natural Gas “A” and Montgomery Ward “A." Lake Shore Mines and Wright Har- greaves yiclded a point each, and others to lose fractions included Sunray Oil, Sunshine Mining, United Wall Paper, American Gas & Electric and Interna- tional Petroleum. .Ball \ldkvs Tour Of Inspection With Officials of C. & O. By the Associated Press. NEWPORT NEWS, Va., April 20— Twenty-eight officials of the Chesa- peake & Ohio Railroad, including George A. Ball, principal stockholder in the Mid-America Corp., were in Newport News yesterday for what was termed as a routine inspection of com- pany property. Arriving here, the officials left their tpecial train and took a boat for & tour of inspection of terminal facili- ties here and at Norfolk from the water. They left the boat in Norfolk and returned to Newport News in private | automobiles, boa g their train and returning West at 5:45 p.m CURB BONDS DOMESTIC BONDS. Low Nog 106 106 10430 1043 10630 107 = m, 2 10¢ iz 1065 « o 89 10434 1043, 100 * 100 P 033, 33 10078 10818 a0 a0 Tore 200 108 * 106 ‘ 1terst P S 4155 ckson G : . | Comden 011 ae (d) 2 1093 100 102 ‘102 1012, 102 1041410474 B85 REM | 10678 1007 | 10033 10034 10674 1067, | 4 oas 1045, | Souw P&L fis Souw Ph Sve 6 Stand PwaLt Super of 10414 10414 101301013 S 81 Ri% Buen A P Cauca V: Cuban Te Hanover Rio de J; Russian Russian 6 Terni-Soc ww—W rants. n Negot tComp: th warant New reported in receivership, . SHORT-TERM SECURITIES. (Reported by Chas D. Barney & €o0) Amer T & T 3 P Intl T & T 4as Laclede Gas Light 5s Lehigh Valley Coal s 1098 Lehigh Val Ter R 5s 1041 Long Island Gen A5l Louls & Nash R R 4. Mich Cent R R 4s N Y Susqu & w:sn\ s New York Te Penna R R Co 45 194 Rio Grande Westn 4; 1939 Bell T & T 5s 1941 P B A ot sl 1oa0 Vanadium Corp s 1941 Vertientes Sugar Co 7s 1942 Wabash Rwy Co 881930 Warner Bros 6s 1 Western N Y & Pa 4s 1943 Western Union Tel 5s 1938 FOREIGN EXCHANGES. NEW YORK. April 20 (#).—Poreign ex- change casy. Great Britain i others in cents Demands Belgium free. 40.2115 23.50: H, registered. crrcnnelomkm 2. Austria. Rumania. sl SR0Un: K onckong. i 8. Montreal in New New York in Montreal 2 | Cont'l Roll & S Fy | E1sler Elec (ase) NEW YORK CURB MARKET| By private wire direct to the Star. 2:30 Stock and Sales— Dividend Rate. Add 00. Acme W vio (2)_. 26s Aero Supply (B) 2 Ainsw'th M Ch25c 1 Alr [nvest cv pf - Alum’'n Co of Am 1608 Alum (Am) pf (6) 50e Alum'n ind (40¢) 1008 Aluminum Ltd __ 4508 Alm Ltd ¢ pf b1%. Am Afrlines. inc_. Am Box B'od (1).. Am Capital (B) Am CItP&L Baile ¢ Am Cynam B t60c 16 Am Dist T NJ pt 7 768 Am & For Pw ww 3 Am Fork & H (11) Am G&E (1.40)___ Am G&E pf (6) . Am Gen C'p (a50¢c) Am Laun'y M 80c. Am L&T (11.20) 5 Am M{g Co (a3).. 4008 Am Maracaibo Am Superpower Am Superpwr pf__ Am Thread pf 25¢. | Angostura (t20c) | Avex Electric(al) Arcturus Radlo T. Ark Nat Gas Ark Nat G cu pf. Ark Nat Gas (A).. Ark P& L pf (7) - Ashland O&R 1400 Asso Gas & Elec.. AssOG & E (A) . AsS0 G & E $5 of Atl Coast Fis b3be Atlas Corp war Austin Stiver Auto Products. . Auto Vot Mch 50c. Babcox & Wil (4). Baldw L bd rts(d) Bardstown Dist.__. Barium Stain Stl_. Bellanca Afrcraft. Berkey&Gay F Co Berk&GF pur war Bliss Co (E W) Blue Ridge (bl5c) Bohack (H C) Bohack HC 1st pf. Botany Cons (d) Bowman-Biltmore Bowmn-Bilt 2d pf Brazil TL&P 40c Breeze C Inc a7ic. Bridgep't G L (2) Brid'p't Mch b26¢ Brillo Mfg (EUC) a5 Brown Copf .. 11508 8034 Brown Forman _ 2 Bunker H & S(b1)300s Burma Ltd b16%sc. 3 Cable & Wire(A). 2 Can Car&Fdry pt_ b0s Can Hydr E 1st pf 108 Can indus Alco A “anadian Ind pf 7 n Marconi Capttal City P 60c arib Svndicate | Carman&Co(A)b1 | Carnation Co (1) | Carnegte Motals_ Caro L&P pf (6) - Carrier Corp Casco Prod b2% . tin Coru (adue) “elluloid 1st pf b2 Cent& S W Util Cent States Elec | Cent St E1 6% pf 126s | Centrif Pipe t40c 3 Chesebrough (14) 1008 Chi Flex Shaft (4)100s Chi Rivet & Mach | Ciuies Service Cities Service pf_ Cities Sve pf B Cities Sve pf(BB) Clark Con (b30c) Claude Neon Lis Clev Tractor Club Aluminum Colon Dev Ltc Colon Dev Ltd A_- Colo Kuel&l: war Cllls I’F A b37 2:30 Btock and Bales— Dividend Rate. Add 00. High. Low. Close. KanCPSpfA(d) 1 24 24 24 Kingston Prod 400 14 64 64 Kirby Petrol (20c) 2 615 64 Kirkland LG (6¢) 5 1% 134 Knott Corp (b10c) 2 11% 1i% Koppers pf (6) .__ 57a 1073 1074 LakeSh M (14) _. & 60% 50 Lakey Fr & Mach. 4 6} 64 Lefcourt Realty . 1 23 24 Leh Coal &N 30c_. 11 10 Leonard Of1 3 14 Lion Ofl Ref (1)__ 12 24% Locke St1 Ch t80c- 6 174 Lockheed Afrcraft 6 13% Lone Star Gas80a 1 11 Long island Ltg.. 1 4% Long I Lpf A(7) 708 8234 Long Isl Lt of B6 26s 78% Loudon Packing_. 2 4% La Land (40¢).__. 10 124 McWilllams D (43 8 31%4 Mnjestic Ra&Tel. 1 4 Margay Ol (1) __ 1 804§ Marton Steam Sh. 2 18 Massey Harris 124 Mass Util Associa 3 2434 6 High. Low. Close. 9% 9% a5 44 a7 an 293¢ 28 168 158 118% 118% 9% 9% 120 118 12834 1283 263 2634 244 24 T 1 g8 5 8044 128 344 21 5 3074 128 33 21 Master Elec (1) _ Mem Nat G(aoe). Merc Stores (b3)_ Merritt Chap & Mesabi Iron i Mich Bumper C___ Mich Gas & Of) _ Mich StI T P b2be. Mich Sugar = Mid Sta Pet (A)__ Mid Sta Pet (B) Midwest Ofl (t1) Mintng Ca (Can) Minn M&M bi0c__ Molvbdenum Corp Mont Ward A (T) Mount Prod (60c) Moore Dist (t50¢) Nat Auto (b1) ___ Nat Bella Hess _ Nat Contain asic . Nat Fuel Gas 11)_ Nat Gyps A a2% .. Nat Leather Nat P & Lt pf (6) 250, Nat Oil Prod t60c Nat Rub Mch a200 Nat Service Nat Servicepf. . | Nat Sugar N J (2) Nat Transit (75¢) Nat Unfon Radio N EnzPw As pf(6)100s New M&A l.dale 6 Newmont Min b75: 1 New Process (12) 1 N Y Steam 14 N Y Tel of (6%) 26s N Y Water Sve pf 50n Niag Hud Pwr new 15 Niag H P(A) war 1 Niag Hud 18t (5) 60s s | Niles Bm Pnd bioe 1 Nipissing (50¢) 14 Noma Elec (bi0c) 2 North Am L& ¥ No Am Ray A bie North Am Ut Sec North'n Enrop Ofl 4| Northern PL T5c. Noris States P A Northwest En bi0c | Novadel Agene(2) | Okla Nat Gas Co__ Oldetvme Distil | Overseas Sec 60c. | Pac G&E 18t (1%) Pac Tin spec (12) 2008 Pan-Am Afr (t1)_ 1 Pantepec O1) 18 Parker Pen (2) ___ 608 Pennroad (azbe) 13 Penna P&L pf (1) 508 Penna Salt (b1%) 26s Pepperell Mfe 16 8768 | Phila E1 Pw pf (2) 758 Phillips Pkg asuc. 1 Phoentx Secur Phoenix 8 nf A(3) Pion'r G Ltd b30c . Pines Wintfrtin) Pitney Bow (t40c) Pittsbgh Forging Powdrell&Al t60c Pwr C’n(Can) | Pratt & Lamb ( Premier Gold t1ze | Producers Corp Prosperity Bal | Prov Gas (80¢c) | Prudent'l Inv a50c Pub Sve Ind ot 208 Pub Svc Ind pr pt 8us Pug Sd P&L pf b5 1508 Pug S4 P&L $6 f. 25s Pyrene Mfg ad0c . Quebec Power (1) 1008 Ry & Lt Secal.sb 768 Raym'd Conc (1) 60s | Red Bank Reiter-Foster | Roosevelt Field Rossta Intl Corp .. Root Petrolm (1) _ Royal Type bT5c - Russeks F Av 50¢. Rustiess Ir&St | Ryan Consoltd'a Ryerson & Haynes | St Anthonv Gola St Lawrence Co St Lawrence C pf St Regis Paper St Regis Paper pf 25s Savoy Ofl 6 Scovill Mfg (b50c)600s Segal Lock & H 5 Seiberling Rubber 3 Selby Shoe (2) L3 Selected Indus 7 Sel Ind all efs 63 100s Sel Ind pr pf (534 )100s Seton Leatha50c. 1 Sent Saf Control __ Seversky Afrcraft Shattuck Den Min Shawin W & P 80¢ Sherwin Will (4). Shrev-11 Dor P&L Simmons HA & P. Singer Mfg Ltd rets (a28 4-5¢) Singer Mfg (16) Sonctone C (al0e) Soss Mfg Co (50) So benn O T1 %) Southl'd Roy bl0c. Southn Union Gas Spanish&Gen rcts Spencer Ch § b75c Stand Lredging Stand Dr cv pf Stand Oil Ky (t1). Stand Oil Ohto t1. Stand Pwr & Lt.__ Stand P& L (B) _ Stand Prod (b25c) Stand S11&Ld (4c) Starrett Corp vte 6 Sterchi Bros a30c 1 Sterchi Bros 1st 3 50s Sterl Alum (b25¢) 1 Sterl'g Brew a%bc 1 Sterling, Inc(20c) 9 Stetson(JB)bb0c_ 26s Stutz Motor BT Sullivan Machine. Sunray Oil (b5c) _. Sunshine Min (3) Superior Port CB Swan Finch Swiss-Am Elec pf 100+ TaggartCorp . 8 Tampa El (2.24)- 1 Tastyeast(Del)A. 2 Taylor Dist (30c). 1 Technicolor as0e. 46 Tech Hughes t40c 24 Texon Ofl & L 60c 2 Thew Shovel a50c 508 Tob Prod Exp 15¢c 1 Todd Shipyd (t2). 50s Tonopah Belmont 6 Tr-Lux DPS t20c. 23 Transwest Oil Co_ Tr1-Contl C war _ Tubize Chatiliion. ‘Tubize Ch A (b1)_ Tung-Sol Lamp-—. Ulen & Co 7% % pt Unexcelled Mfg Un Gas of Can 50c. United Corp war_. Unit Gas Corp Utd Gas war Unjted G C pf b1% Unit Lt & Pw (A). Unit Lt & Pw pf__ Unit Shipyds B __ Unit Shoe M 2% _ &0 U 8 Fotl (B) (1) U 8 & Int] Secur. U S Lines pf U 8 Rub Reclaim_. U S Stores Onit Stores vtc. Unit Wall Paper._ Univ Corp’n v.t.c._. Utilities P & L (4) UtilP& LB (d)__ Utll P& L of (d)- Utllity Equities _. Utilities Indust’ Utility & Indus »f. 508 13 208 12 3 100 2 8 17 1 1 . 1 2 2 508 1 308 A 1 4 1 2 2 5 3 258 6 1 123 4% 134 26 7534 5% 158 2 21 214 2615 3034 % 84 52 30 B4 104 ‘ 155 17% 134 243 Thly [ 188 1% 20 108 10 1 2 208 13 10 30 43% 664 | 6% 2 4% 105 10544 17044 14334 3314 1254 108 £ 5 81 8% 231y 11354 68 53 1 4’5 1 4] 4}! 361 4 By | 291 | 114 '.‘2\7 56 308 :{‘- l‘x a 15% 10 .18 33 59 79 © 508 1 1 L3 Community PS 11 | Community WS _ Compo S M stc t1_ Cons Alrcraft Consol Biscuit 60c 2 Consol Copper 2 | Cons Min&Sm t2 200 ‘ Consol Retat] Strs 2 | Consol Steel Corp \\.onper Bessemer. JLOUX\!Y Range Cord Corp —— + | Corroon & ieyn _ | Cosden(Me)pfid) Creole Pe’ (a50c) Crocker-Wh al0c Croft Brewing Crown Cent P abe Crown Cork(A) (1) Crown Dr (b20c) Cust Mex Mining | Darby Petr (s0¢)- Dayton Rubber - Dejay Stores 180c Dennison 7% pf-_ Derby Oil & Ref__ 11 Detroit Gasket t1. 1 Diamond Shoe(t2) 258 Distilled Liquors_ 1 Domin S&C (B) . 12 Driver Harris 1%. 8 . | Dubeller Condens. 2 Eagle Pitcher bloc 7 | Estn G&F As pf 32008 East G&F p pf 4% 1608 ‘n States Pwr 1 1234 82y 10% 1125 6 3 4 2 9 1 5 1 6 5 7 0 3 1 1 1 4 52k 344 208 b 5 4 2 1508 1 4 Edison Bros(b7ic) Elec Bond & Share Elec B & 8 pf (6) Elec P&L opt war Elec Sh pf ww (6) Slectrographic t1. zin Nat W bi0c. Electrol Inc v.t.c.. Emsco Derrick 11 Equity Corp(azbe) Burop'n El bd rts_ Evans Wall Lead Kvans Wall L pt Excello Air(b20ec) Kairchild Avalse Falstaff Br (111%) Fansteel Metal | Ferro Enam bisc_ Fidelio Brewery Fisk Rubber _ FlaP&Lpf. Ford Ltd a181-100 Ford (Can) A (1) Franklin Ray a60o Gen Alloys Gen Fireprfg b2ic fen Inves Cor Gen Teleph (b25c) Gen Tire & Rub Georgis Pw pf (6) Glen Alden C (11) Goldfield Consol Gorbam (A) Gorham pf ww Gorham Mf vto t1 Grand Natl Films Grt A&PT 18t pf 7 Great Nor Pap t1. Greenfleld T & D Groc Store Prod Gulf Of] (Pa) b2be Harvard Brewery. Hat Corp (B) 80c_ Hazeltine (b75¢)_. Hearn Dep S b1.65 Hearn DS 6%, pf 3 Hecla Mining bisc Helena Rubenst'n Helena Rub (A) 1. Hevden Ch (t2) _ Hollinger (t65¢)_ Hudson BM&S (1) Humble Of1 (135). Hverade Fooa Hygrade Sylv (3) 50s IP&L6% DI 6008 Imp Of1 Ltd t50¢ 4 Ind Pipe Line b30c 1 Indiana Sve 6%pf 10s Ins Co of No A t2 800s Intl Cigar M t% 8 Int H E Sep A war Intl Petrolm 13 _ Intl Products Intl Safety Raz B_ int] Utli (B) Intl Vitamin(50¢) Interst P(Del)pf 40s Inv Royalty (t6c) 2 Iron Fire vte 1.20 200s Jacobs(FL)Co(1) 9 JersCen PEL pf 6 108 Jer Cent PEL pf 7 108 1 1708 2 268 3 1 21 1 18 15 68 2 3 2 2 2 2 2 i 6 1 2 13 u 5 5 2 1 i 7 3 1 1 508 17034 | . | of $12.117 4 | Secu STAR, WASHINGTON, §3674 479 EARNED BY SHELL UNION Quarter’s Net Compares With $1,681,984 for Same 1936 Period. By the Assoclated Press. NEW YORK, April 20.—8hell Union | Oil Corp. and subsidiaries reported net operating income for the first three months of 1937 at $3,674,479, equal to 24 cents a common share, compared | with the 1936 figure of $1,681,984 or 9 cents a share Electric Bond & Share. Electric Bond & Share Co. reported for the March quarter net income of | $2,460,049, compared with $2,180,936 | in the like 1936 period. Preferred div- | idends for both periods totaled $2 | 108,483, leaving earnings available for | the common stock of $351,566, flgl’dnsl $72,453 a year ago. Standard Products. Standard Products Co., Cleveland, reported for the March quarter net | income of $245,679, equal to 81 cents & capital share, compared with $264, 805, or 88 cents a share in the com- parable 1936 quarter. Allegheny Steel Co. Earnings of the Allegheny Steel Co. increased 63 per cent during the first quarter of this year over the same period in 1936. The company re- ported net profits of $551,054 for the three months ending March 31. This equaled 65 cents a share on 752,285 shares outstanding after preferred dividends were deducted. Youngstown Sheet. Youngstown Sheet & Tube Co. re- | | ported earnings of $4,886,019.56 for the first quarter of 1937, the best | | quarter’s earnings in its history. The | earnings are roughly at the rate of $3.05 a share. In the corresponding | quarter of 1936, Sheet & Tube earned | $1,897,299, and in the last quarter of | last year its net earnings was $3,- | | 119,115, Sharon Steel Corp. | Sharon Steel Corp. reported net | profit of $475,778.11 after all charges, | including all taxes except undistrib- uted profits taxes, for the first quarter. It was the best first quarter in the company’s history. These earnings compare with $212,616 for the corre- sponding 1936 quarter and with $1.- | 305,852 earned for all of last year, after all tax charges. Gillette Safety Razor. Gillette Safety Razor Co. report March quarter net income of § '719. equal. after dividend require- | | ments on preferred stock, to 44 cents & share on the common stock. This compared with $1,227.366 in March quarter last year, or 42 cents a share of common. Mengel Co. LOUISVILLE, Ky. Aprii 20 (#)— An increase of $94.909 in profits for | the first quarter of 1937 over the first, quarter of 1936 was announced b\ ‘offlrm]s of Mengel Co. of Louisville. Net sales for first quarter of this year totaled $2,594,403, with profit of $107.- 026. Sales for first quarter of 1936 amounted to $1,900,647, with profit The profit was realized after flood loss of $127,172, officials | stated. Unfilled orders on March 31 amounted to $2.384.000, as compared with $1,471,000 a year ago. e INSURANCE STOCKS NEW YORK. April 20 (P —New York ty Dealers’ Association Aetna Cas (2a) | Asked 0Bz 1214 433, 13% a5 | f | | R3g | Homestead (1) _ ncoln Fire _ Maryland Cas Mass Bond _ (3'5)_ Natl Fire (2) Naul Liberty (.20a)" N Hamshire (160)- N Y Fire a) Nor River (1" Phoenix ( Was 8L Paul Fire (h) Bpringfield (412a) Sun_Life (3%.g) Travelers (16) S Pire (2) z Westchester (1.20a) a—Also extra or ex R—Declaed 'or pajd 8 far this year, FOREIGN MARKETS LONDON. April 20 (7. —Renewed weak- ness developed in mining stocks following a break in prices on the Metal Exchange. Other sections of the list held steady, al- | though business was small. Grman bonds | advancd sharply and support was in evi- | dence for leading industrials. especially tobacco and silk issues. Home rails and rubber shares were aiso firm. but the transAtiantic division remained quiet PARIS.—Stock prices were generally heavy in the Bourse today and govern- ment. bonds were also weak. rentes closing 105 to 120 centimes down. The new na- tional defense loan sold Jfor the frst time and closed ‘at 95 Bank of France “stock. declined m03 trance " Sues Canal lost 150 francs and Roval Dutch was down 30 francs. METAL MARKET. NEW YORK. April 20 (.—Copper weak: electrolytic. ‘spot and future. 14.5 ;"(‘D;)rt 14.10 T4 steady: St. Lou Eoutr " spt i, " antimeny. auicksiiver. and wolframite unchanged. —— uf 0ot 5 Iro; Satinum | SEABOARD NET IMPROVES. NEW YORK, April 20 (#).—R. P. Jones, chief finance officer of Sea- board Alrline Railway, estimated March gross income at $4,500,000, compared with $3,686,000 in March, 1936. Net railway operating income, before other income and fixed charges, | was placed at $890,000, against $504,- 000 last year. 2:30 Stock and Sales— Dividend Rate. Add 00. Valspar vtc ___ Venezuela Patrol Vogt Mfg (b20c).. Walker Minins Wayne Knit Mills. Wayne Pump (bbe Weisbaum B B 40c Well't'n Ol of Del ‘Wntwth Mfg blsc W Tex Ut pf(6) 2 W Va Coal & Coke Westn A E (a26c) ‘Western Auto Sup Westn Cart pf(6) Wil 0i1-O-M ab0c Wilson Jones b11; Willson Prod (t1) Wolver Tube b20e. Wright Harg t40c ¥gstn Stl Door(2) 1% Yukon Gold(a13c) 31 Dividend rates in dollars based Ganterty or | um-cnnw Savment. ™ nual rate—; nclu 1". umulated dividends B Pala this vear - d Companics reponed being in bankruptcy or in receivership. or being reorganized under the hlnh’un'&! High. Low. Close. ;H % 34 14 BorrurlSnal anmanm wmm 4 D. C., TUESDAY, APRIL 20, FINANCIA L LT A—19 Department Store Sales in the United States as Reported by the —— Federal Reserve Board 1923-1925=100 The 1920-1921 110} docline amounting| o 169, lasted 4 months Figures are corrected for seasonality and therefore show changes: in business irrespectivi of season 1919 20 21 "2 ‘23 ‘4 "B Amounted to 55 Pomh Tho Rise from the Nadir Has Lasted 47 Months; Has Amounted to 37 Points | earnings to a new recovery peak dur- iclined as result of strikes and in- | at Conajoharie, N. Y ! of 1936 urities assumed by such com- 4 INVESTING COMPANIES NEW YORK. April 20 (®.—New York Security Dealers' Association (Quotations s of 3 oclock.) Admin Fd 2nd Inc | Am Business Shrs | Am Gen Ea Inc Am Ins Stocks ,I»l;)uncnmer Blair ORPORATE NETS MOUNT SHARPLY Income of 52 Companies:fig;;g*,gu;gm Climbs 35 Per Cent Above |cois i p A s 1936 Levels. AA Corp Tr A A mod Corp Tr Accum Ser Corp Tr 'Acc_Mod Cumulative T Depos Bk Sh N Y “A"__ Br the Assoclated Press. NEW YORK, April 20.—Overpower- ing the retarding effect of strikes and labor unrest, the upward surge of re- viving industry pushed corporation * Nat Inv.Corp Industry Depos Ins Shrs Drpos ns Shrs ersified Tr C idend Shrs y Corp s1 Fideli pt Pund Inc Boston ing the first quarter, an Associated Press survey today indicated. Net income of the first com- panies reporting results for the period show a gain of 35 per cent over com- parable data last year Eliminating earnings of the Ameri- can Telephone & Telegraph Co., ac- counting for more than half the total, from the tabulation, the other 51 in- dustrials gained 52 per cent Net for the entire group was $78,- | 812,028, against $58,387.943 in the 1936 period. Heavy industry, turning in the widest percentage advances during the past year or more, continued to set | the pace. Big gainers included steels building material companies and rail- roads. Although not a single firm was in the red during the quarter, nine posted lower earnings. The group in- cluded mainly baking, coal, automobile accessory and finance companies. Bohn Aluminum. Bohn Aluminum & Brass Corp., De- troit, reported for the three months ended with March net profit of $992,- 288, including proceeds from sale of part of its surplus copper stocks. This was equal to $2.81 a share on the com- | mon and compared with $335,129, or 95 cents a share, in the comparable period last year. No provision was | 5 made for the Federal surtax on un- divided earnings CHICAGO LIVE STOCK. The company pointed out “much of CHICAGO. April 20 ( (United States ! the first quarter’s profit was derived | DeRariment of Agriculture) Hogs 12000, | | from the reduction of inventory and | 10 lower than_Monday's average. now | not from manufacturing profit.” Com- | {“,“.:'n‘: by "f’ e pared with the final quarter of 1936, )0~ . most 150-180 it noted, manufacturing profit de- | el ¢ y‘:n D Sroup Group | Group | Group S Invest Shrs Merchandise H Iicorp Investors Insurance Group Shrs Investors Fd *C. futual Invest ion Wide Sec ion Wide Voting Naylonal Tvestors Sel Seiccied Am S e | Selected Cumul Sh |'s sn»' cer Trask Fund St ng Am'Tr snrs m Bk "B eed Tiductey Gars ellington Fund Packing sows | 3.000: general | common and me- | grade steers practically all sold on | round: these turning at 10.50 down | gnod and choice Kinds very ndertone slow at 12.00 upward such cattle here to break absent: best 0%000: _calves market active and firm m creased labor costs. Beech-Nut Packing. The Beech-Nut Packing Co., manu- facturer of branded foods, with planLS , and Rochester, disclosed first-quarter profit of $674 399, before Federal taxes. compared with $505,057 in the first three months After allowing for estimated Federal taxes and dividends on 45 shares of class A preferred stock, profit amounted to $558,568, equal to $1.28 a share, against $426.914, or 98 cents a share, in the corresponding period last year. Bridgeport Brass. Report of Bridgeport Brass Co. for the first quarter, excluding unconsoli- dated subsidiaries, showed net profit of $410,413, equal to 55 cents a share of capitai stock. This compares with $194,343, or 30 cents a share, in the like period of 1936. Pittston Co. | The Pittston Co., operating coal and | iron mines in Pennsylvania under lease, reported for the year ended De- | cember 31 consolidated net loss of | $1,258,650 after interest, depreciation, | amortization and taxes, against a net loss of $2,141,404 in 1935 American Brake Shoe. American Brake Shoe & Foundry Co. and subsidiaries for the three months ended with March showed net income of $842,432, before provision for the Federal surtax on undistrib- | uted earnings. This was equal to $1.06 a share on common stock and | compared with $505,446, or 56 cents a share, in the March quarter last year. DIVIDENDS .ANNOUNCED NEW YORK. April 20.—Dividends de- glared (prepared by the Standard Statistics | ter krades and com peef coms. st instances 650285 veal B selects active at 0210.50 on and feeders more 5000. tncluding 1.100 direct: few early sales woolskins | Sheep fat bs slow 75 top 13.15 | lower ‘at 12.75a13.00 killers: clipped Iambs steady. with | st week: top 11.00: few others ! sheep steady! few wooled twes U. S. TREASURY NOTES. (Reported by Chas. D. goamey & Co) Rate—Matyrity 3is ept. 15, 1037 b. 1. 1938 ar 11"' 193 INSURANCE THE PROPER kind and amount of insurance is vital for FULL PROTECTION OUR Insurance Department has the facilities for cover- ing all types of risks, ex- cept life We would be glad to discuss with you vour Insurance problems. Burglary—Windstorm—Fire Furs and Jewelry Tourists’ Baggage Liability (all types) Plate Glass—Automobile Workman’s Compensation Randall H. Hagner & Co., Incorporated Real Estate—Loans—Insurance 1321 Conn. Ave N.W. DE. 3600 Extra. Rate Pe- Stock of Pay- riod. record. able Dome Mines $2 Whitaker Paper 50c Initlal. A M Castle new 50c Q Elder Mfg. Participating Elder Mfg 5% ntc A $1 Accumulated. Lexington Ut $6.50 pt 50c Peabody Coal 6% pf $I _ Riverside & Dan Riv Cot M 6% pf $3 lotnlu Am Re-Ins Beacon Miy 9% %Pt Sl i Brewer (C) & C $1 Garadisn Co Converterl -50¢ e Whitaker pa 4dp Wrought Iron Zellers Ltd 67 M American’ Book Melntyre Mer!um.mler °Lin OR the very moderate “fee White Dental which our experienced Property Management Depart- ment charges you can be spared the worries of management of your apartment house and resi- dential properties. Worth looking into. B. E. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans MONEY MARKET. NEW YORK. April 20 (.—Call money luld!l 1 per ::nl all dl{ E’:Yi;l’l: l‘e‘:’;‘:; ercial aper, T cen :n!fldy flnfl %’n day: D" V,: 4-8 months. 1%a r cent. Bankers' asceptances unchanged. Yuducoum Tate, New York Reserve Bank, 1% per cent. MONTREAL SILVER. (PO o tR i il i 47 Towt: sais?, Unciyany ures opensd ¢ % ‘b“ sb"-flll: 44.75: 0 A General Electric Volume Climbs Far Above 1936 By the Associated Press. SCHENECTADY, N. Y., April 20— Sales of $73,412,420 for the first quar- | ter of 1937, an increase of 43 per cent over $51423,071 in the similar period of 1936, were reported today by Presi- dent Gerard Swope at the annual meeting of the General Electric Co Swope also announced $11,626408 was available in profits, from wl dividends of 40 cents a share for the first quarter would be paid to stock- | holders on April 26. This is an in- crease of 64 per cent over the $7,086.~ 830 distributed in last April's 25-cent dividend, Swope said. All directors | were unanimously re-clected .—— NEW YORK SUGAR NEW YORK. April 20 (¥ —Raw unchar today, but there was 1 sales late ye: of Puerto Ricos and port refiners t v of 49 000 terday 5.400 reflecting the con t and made | creased trade buyine | against sales in the outside m carried the July and September posit o July s 2 September from 11915 to. 1 renewed commission h: n ch prices at midday were off & | the best Refined was unchanged at granulated. with moderate 4 R0 b ported. | o BOSTON WOOL MARKET BOSTON. April 20 (# —(United States Department_"of _Agriculture )—The market in Boston was auiet today showed little interest “wools ‘and dem on spot foreign wools Despite the aquietness of the market quotations were Juudy on spot wools FREIGHT LOADINGS. NEW YORK. April P —Rev freight carloadings on railroads revorting today for the week ended April 17 cluded: Wk. Apr. 1 Ches. & Ohio 13,12 Qhisago & Nw NY.n Bere’ arguetie Southern Pacific 1 5 1 ch Pr.ak Yroawo | FASTER PACE SET BY COTTON MILLS Operations at 148.3 Pct, Capacity, Against 144.8 in Previous Mo»nth. By the Assoclatec Pres The Census Bureau reported today that the cotton spinning industry operated at 1483 per cent capacity during March, as compared with 144 8 per cent during February this year and 108.1 per cent during March last | vear. Spinning spindles in place March 31 totaled 27,024,970 of which 24,638 - 1578 were active at some time during the month, compared with 27,103.076 and 24,536,254 for February this year and 28,840,856 and 23175502 for March last year | Active spindle hours for March totaled 9,698,368,366 or an average of 359 hours per spindle in place, com- pared with 8,586,958,938 and 315 for February this year, and 7,263,926,919 and 252 for March last year. Spinning spindles in place March 31 in cotton-growing States totaled 18- 908,012, of which 17,760,552 were ac- tive at some time during the month, compared with 18952236 and 17.- 760,252 for February this year, and 19,187,904 and 17,053,028 for March last year. Active spindle hours in cotton- growing States for March totaled 323,292,352, or an average of 387 hours per spindle in place, compared with 6,374,864,652 and 336 for Feb- ruary this year, and 5,686,324,284 and 296 for March last year. Active spindle hours and the aver- age per spindle in place for March in cotton-growing States were Alabama, 737,388,342 and 390; Georgla, 1,296,332,719 and 392; Miss~ issippi, 74,893,088 and 363; North Car- olina. 2,195,528,029 and 363: South Carolina, 2,391,341,525 and 423; Ten- nessee, 2.257,117,490 and 399: Texas, 91,365.550 and 358, and Virginia, 218, 576,542 and 335. o . Domestic C oppe Price Reduced to 14%-Cent Level _ | By the Assoctated Press NEW YORK, April sold today 20.—Domestic 14’ cents a prP\ ous official quotation The new price was established by a sale of custom smelter which in- volved a considersble tonnage, accord- ing to trade circles. It was understood that domestic producers were continu- ing to quote 15!, cents. With the latest decline the price of | the red metal was down 2!, cents | from the peak price of early this Rubber Stamps STOCKETT'- ISKKE CO PRODUCINO STATIONERS OIDE ST ‘N -W 1886 51st Year 1937 of Progress é/wtf Qetnt CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INT COMM Upon these three 14 in another city. You account here. funds’’ until we send John Jones. spondent banking we of our customers. EREST % ISSION 1% completion of buildings, loans may be extended on one of several long term monthly payment plans; or for or five years, without curtails; interest semi-annually. H. L. RusT ComPANY 1001 FIFTEENTH STREET NATIONAL 8100 {MHONS THAT ARE ASKED ABOUT lANKJNO] s (B ey ? THIS question can best be answered by an illustration. Suppose you receive from John Jones a check for $10 written on a bank bring the check to us, endorse it, and deposit it in your checking Your account is credited with $10 on our books. This $10 then becomes ‘‘uncollected the check to the bank on which it was drawn and receive the money or equivalent credit. You do not have the money in your account to draw upon until we collect it, for the money belongs to Through the American system of corre- are able to handle the collection of checks from one city to another with ease and rapidity for the convenience McLachlen Banking Corporatior{ Since 1891 TENTH AND G STREETS, N. W. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Imsuramce Corporation [Bookiets corering this series may be had upon request.]