Evening Star Newspaper, April 23, 1937, Page 16

F _ A6 wakk EJNANCIAL. BANK AUDITORS OPEN GONVENTION THE EVENING STAR, WASHINGTON, D. C, FRIDAY, APRIL 23, 1937. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE/STOKSG000MN s R FRACTIONS TO5 2:18 pm, Prev 1937 Bal High. Low. Dividend Rate. 95 83% Con Cprpf ww 6% .. 49% 38% Cons Edis N Y(12).. 108 104% Cons Ed N Y pf(5).. 5% 4% Cons Film. - B 18% 14% Cons Film pf (a2).. 8tocx and les— an 1937 Add 00. High, Low. Close. ehll, igh. Low. 10s 90 0 90 47% 21 38% 38% 24% 106% 106% e 24 Stock and Dividend Rate. 39% Kress S H (1.60) - 22 Kroger Groo (11.60) 18% Lambert Co (2) -oae © 17 Lee Rubber (60c) ... + Prev 1937 Stock and suu— High, Low. Dividend Rate. _ Add 00. High, Low. Close. ehu 35% 31% Reliance Mfg (160c) 32 324 - % 294 21% Rem-Rand (160c) .. 24% 24% — % 9% 5 Reo Motor Car___... 7Y Th~ % 4% 27 Reis (Robt) __ s 3 3 -% 22% 18% Reliable Str (a50c) . 19% 19% Prev 1037 Stock and Net High. Low. Dividend Rate. Add 00, High, Low. Close. ehge. 55 4914 Abbott Lab (11.60). 2 b1% b0% 50% — % 63% Acme Steel (4) ... 81% 81% —1% 15 Adams Exp (abbe) .. 18% 30% Addressograph (1). 32 2% Advance Rumely___ 27% 13% 51% Capital Clearing House Chief Welcomes Group From Eastern States. BY EDWARD C. STONE. More than 250 out-of-town repre- sentatives were present at the opening sessiot this morning of the Fifth Eastern Regional Conference of the National Association of Bank Audi- tors and Controllers at the Wardman Park Hotel. The attendance at later sessions will be well over 300, registrations be- ing much larger than at any previous confer- ence, Raymond G. Marx, Riggs National Bank and general conference chair- man, called the opening session to order at 9:30, in- § troducing H. H. McKee, chairman of the Washing- ton Clearing House Association and president of two Capital banks, who made t'.c address of welcome. William E. Westiuan, Webster & Atlas National Bank of Boston, responded to his wel- come. C. Raymond Pohl. assistant treas- urer, Union Trust Co., Baltimore, pre- sided during the morning session, the first speaker being Robert O. Bonnell, president, Morris Plan Bank of Balti- more, who discussed “The Banker's Problem.” Ralph Endicott, assistant treasurer, Washington Loan & Trust Co., spoke on *“Educational Develop- ments in Bank Accounting and Audit- . John D. Hospelhorn, deputy bank commissioner of Maryland, was the last forenoon speaker, his subject being “The Bank Commissioner’s Problems.” At the 12:30 luncheon the guest epeaker was T. R. McKeldin, a Bal- timore attorney, widely known as both & humorous and serious after-dinner speaker. James C. Torrey, Philadel- phia, was to preside at the afternoon session, the program calling for an address by John Driscoll, Quaker City , on “Comparative Costs and by James E. Boston, Branch Bank Auditing and Control,” and by John A. Reid, also of Boston, on “Corelating ‘Trust Audits and Examinations.” The presented today were highly al in their subject matter. Building, Loan Men Honored. President Harold T. Donaldson of the United States Building and Loan League, has showered national honors on a score of leaders in the Washing- ton building and loan associations, as follows: Raymond G. Marx. Edward C. Baltz, secretary, Perpetual Building Association, appointed vice chairman of the committee on consti- tutional revision, the aim being to keep the association's needs and problems up to date Edward A. Tripp, Metropolis Build- ing Association, member national com- mittee on Federal bonds and insurance. Robert E. Buckley, president, Na- ‘tlonal Permanent Building Association, ' national membership committee. F. J. Ehlers, Northern Liberty Build- ing Association, league's committee on public housing C. Clinton James, Columbia Perma- nent Building Association, league's committee on public housing. Carl J. Bergmann, treasurer, Wash- ington Permanent Building Associa- tion, advisory committee on State legislation. Charles W. Schafer, treasurer, Ori- ental Building Association, No. 6, committee on compensation of man- egement and staff. Horace Russell, general counsel for the Home Loan Bank Board, appointed member of the attorney's division of the league. L. A. Kelly, office of controller of the currency, member of the super- visors' division of the national organi- zation. Potomac Power Net Higher. Filed with the Public Utilities Com- Mmission today, the March statement of the Potomac Electric Power Co. re- vealed operating revenues of $1,214,- 21211, an increase of $46,238.74 over March, 1936. Operating revenue de- iuctions called for $712,345.34, slightly lower than a year ago and leaving net operating revenues of $501,866.77, a &ain of $47,442.40, or 10.44 per cent. Deductions to meet interest payments required $86,503.51, against $99,802.58 a year ago, leaving a net income for March of $423,072.05, a gain of 16.35 per cent, $59,441.48, over the like period in 1936. Potomac Power also made a fine showing in the first quarter. Operat= ing revenues of $3,745,587.27 were $163,786.61 higher than last year. Op- erating revenue deductions were $26,- 511.33 higher than in 1936, leaving het operating revenues of $1,595- 887.25, an increase of $137,275. 28, or 9.41 per cent. After all other deduc- tions, net income for the first quarter amounted to $1,358,742.83, an advance over 1936 or $172,764.84, or 14.57 per cent. Bankers Off to White Sulphur. Headed by A. M. McLachlen, gen- eral chairman of the nineteenth an- nual convention of the District of Columbia Bankers' Association, the officers of the association and chair- men of various committees entrained today for White Sulphur Springs to complete final arrangements for the forthcoming session, which convenes May 27. Thomas J. Groom, acting President, said early indications point- ed a record attendance. In addition to Acting President Groom and General Chairman Mc- Lachlen, the following committee heads left here for the West Virginia Tesort: Charles H. Doing, Washing- ton Loan & Trust Co.; T. Stanley Hol- land, American Security & Trust Co.; Hilleary G. Hoskinson, Riggs Nn- tional; Robert H. Lacey, Columbia NMational; A. Scott Offutt, City Bank; John A. Reilly, Second National; Sid- ney F. Taliaferro, Riggs National, and Wilmer J. Waller, Hamilton National. Riordon Elected Director. J. Allen Riordon, general manager of the Norfolk & Washington Steam- boat Co. was elected a director at yesterday's meeting of the board. He has been with the steamboat company 36 years, starting as secretary to the general manager. Later he was claim agent and then auditor, being elected to his present position in 1929. There has been a vacancy on the board since controller, | 2582 331 51 125 1384 683 161 721 724 8T o 170 45% 36 29 58 1053 1074 523, 94 363, 521y 9 1% 112 30% 23% 105% 20 129% 69% 38 2974 493 481 461 28 15% 1354 21% 92 10% 38% 13 44% 90 98% 170% 25% 104% 62% 51% 30 207 68 Air Reduction (t1). 3% Air-Way Electric_.. 1274 Alaska Jun (160¢).. 37% Alleghany Corp.een. 43% Alleg pf ww 330 43% Alleg pf ww $40 22 Allen Indus t1)- 225 Allied Chem (6).__. 251 Allied Mills (b50c)_ 1614 Allied Stores (b20c) 80y Allied Strs pf (5)__. 63% Allis-Chalm (b50c)_ 47 Amal Leather _ 341% Amal Leath ptf (3)-. 981 Amerada Corp (2)._ 83 Am Ag Chm Del bl_. 25% Am Bank Note (11). 58 Am Brake Sh (+2) __ Am Brake Sh pf 6% Am Can (14) £ Am Car & Foundry... Am Chain & Ca bl. 99 Am Chicle (14) 13% Am Colortype - 263 Am Comcl Al a50c__ 2T% Am Crystal Sug b2, 814 Am Encaustic 13 Am European Sec 7% Am & Foreign Pwr_. 461 Am & For Pw $6 pf_ 54 Am & For Pw $7 pf_ 20% Am & For Pw 2d pf_ 18 Am Hawaiian (1) _. 61 Am Hide & Leather. 374 Am Hide & L pf (3). 174 Am Ice pf (2).__ 13% Am Interntl (a40c)_ 43 Am Locomotive._. nzw Am Loco pf (a3) 22% Am Mach & F (t1)_. 10% Am Mach & Met 60c. 50». Am Metals 10% 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 11.20 __ 30% Am Safty Raz (12)_ 23% Am Seating (a2%)- 41 Am Shipbldg (2) __ 8814 Am Smelt & Ref(3) 105 Am Sm & Ref pf(6). 5414 Am Steel F (b50c) 3% Am Stl F rts May 15 20 Am Stores (2) 475 Am Sugar (2) - 2114 Am Sum Tob (11). 167 Am Tel & Tel (9) ... 781 Am Tobacco (5) 80% Am Tobacco B (5) - 143 Am Type Founders_ 207 Am Water W (80c)_ 9% Am Woolen s 64 Am Woolen pf (b1). 6% Am Zinc & Lead __ 44} Am Zinc & L pr pt__ 521y Anaconda Cop (11)_ 18 Anchor Cap (60c) 512 AP W Paper_______ 41 Archer-Dan-M(12)_ 107% Armour(Del)pt(7)_ 7 Armour of I11(b35c) 5912 Armstrong Cork(2) 1312 Arnold Cnst b6234c. 1812 Assoc Dry Goods .. 691 Atch T & S Fe(a2) __ 997y Atch T & S F pf(5)_ 4415 Atl Coast Line(a1)_ 35 At1G& W Ipf(ad)_ 3014 Atl Refining (1) ___ 111 Atl Refin pf (4) 16% Atlas Corp (80c) - 5012 Atlas Corp pf (3) ' Atlas Pwdr (b75¢ ' Auburn Auto 39% Austin Nich pf (11). 6% Aviation Corp Del . 8 Baldwin Loco () 613 Baldwin asd (d) Baltimore & Ohfo__. 33% Baltimore & Oh pf__ 41 Bangor & Ar (215)_. 7s Barber Co (a75¢)_. 25% Barker Bros 38 Barker Bros pf 2% . 26% Barnsdall (1) 16% Bayuk Cigar t76c 24 Beatrice Cream t1_. 105 Beech-Nut Pkg(t4). 22% Bendix Avia(b2c) 20% Benef Ind Ln (b95c) 73 Bethlehem (al%).__ 18% Beth 5% pf (1) ____ 119% Bethlehem pf (7)__. 52 Bigelow-San b50c. 30 Black & Deck b50c_. 22% Blaw Knox (b20c)_. 33% Boeing Airplane ___ 40% Bohn Alum & B(3)_. 41% Bon Ami (B) (23;)_ 25% Borden Co (1.60) Borg-Warn'r (4)new 8Y% Boston & Maine 2% Botany Mines A (d). 16% Bridgept Brss(60c '2 Bridep't Br rts Ap29 45Y% Briggs Mfg (12) __ 437y Briggs & Strat (3)_. 41 Bristol-Myrs 12.40_. 341 Bklyn-Man Tr (4)__ 88l Bklyn-Man T pf(6). 4% Bklyn & Queens ___ 25 Bkn& QT pf (3)_ 34% Bklyn Un Gas(1.60) 45% Brown Shoe (3) 20% Brunswick-Balk 18% Bucyrus-Erfe . 10% Budd (EG) Mfg. 9% Budd Wheel(a20¢) . 34% Bullard (b25c) 5014 Bulova Watch (4). 287 Burr Add M (80c) ._. 7% Bush Terminal (d)_. 27 Bush Term deb (d)_ 131 Butler Bros (b15c)_. 29% Butler pf (1%) ____ 5% Butte Cop & Z(abc 25% Byers (A M) 75% Byers (A M) pf_ 27 Bwron Jackson (t1). 3814 Calif Packing (13%). 2% Callahan Zinc-Lead. 141 Calumet&Hecla (1). 29% Campbell Wy (t1)_. 2T% Canada Dry G Ale__. 60 Canada South (3)__. 13% Canadian Pacific 15 Cap Adm (A)(al)-. 100 Car Clin & O stp (5) 7 Carriers & Gen(b5c) %4138 Case(J I)Co (4) 85% Caterpillar Tr (t 26% Celanese (b75¢) 36 Celotex Corp _ 76 Celotex Corp pf(5)_. 33% Cent Aguire (113%)_ 8% Central Foundry . 101 Cent I1l Lt pf(43%)_. 30 Central RROfNJ_. 17 Cent Violeta Sug___ 10% Century Rib M b20c. 67% Cerro de Pasco (4).-. 16% Certain-teed Prd 67% Certain-teed pf (6)_ 35% Champion Pap (t1). 313 Checker Cab Mfg. __ 78% Chesapeake Crp(3).. 57% Ches & Ohio 12.80 _. 91 Ches& Oh pf A (4)_ 6% Chi & Est I11 pt (d)_ 13% Chi Grt West pf (d) 27% Chi Mail Ord t1% __. 4% Chi M St P&P pf(d). 3% Chi&NW (d) ___ 11% Chi & N W pf (d) ___ 23 Chi Pneumatic Tool. 611 Chi Pn T pf b87 .. 2% Chi R 1 & Pac (d) _. 5% Chi RI&P 6% pf(d). 6% Chil RI&P 7% pf(d) 18 Chickasha Cott'n Ofl 12Y% Childs Co 110% Chrysier (b13%) 187 City Ice & Fuel (2). 85 City Ice& Fpf6l._. 8% City Stores 32% Clark Equip(t1. 60). 105 Clev El Illu pf 4% - 35 _Clev Graph Br (2)_. 90 ' Clev & Pitt (3%)___ 78 Cluett Peabody (3)_ 1223 Coca-Cola (12) ___ 19% Colgate-P-P(t50c) - 102% Colgate-P-P pf (6)._ 53 Collins & Afk (12) __ 39 Col Fuel & Iron(b1) 22 Colo & South 1st pt_ 13% Columb G & El(40c) 2% 8% 3% 18% 4 T 244% 238 16 26% 20 18% 1 81% 23 68% 208 4815 34 90y 1058 © S Ed c 1 00 1 00 19 DO D =31 1D 00 1 3 b 1 00 OG0 1 80 O lB 145 13% 84 120% 115‘6 115% 7 19% 19% 108 EG% 86% 86% 29 8% 8% 36 36 107% 107% 43% 43% 86 86 91 160% 160% LIl ++10+0 00000+ el e e B L +1+ e |1 Qe A A S s R I U SRR 9315 + 9% Cons Laundries. 15% Cons Oil (80c) 7 Cons R R Cuba Dt.— 7 Cons Textile (d) ... 814 Cons Coal(Del)vte_ 33 Cons Coal Del vt pt 203 Container Corp 1.20. 27% Contl Baking (A) 3 Contl Baking (B) 55% Contl Can (3) ____. 20% Contl Diamond (2) .. 37 Contl Insur (11.60)_ 2% Contl Motors. 40% Contl Oil Del 26% Contl Steel lhEOe) 77 637 Corn Ex Bank (3) .. 71% 60% Corn Prod Ref(+3)._. 171% 163 Corn Prod R pf (7). 10% 6 Coty Inc. 65% 46 CraneCo._._.._. 28% 21 Crosley Radioal 100% 70% Crown Cork & S(2).. 56% 47% Crn C&S pt ww 23§ _ 25% 17 Crown Zeller (new)_ 81% 51 Crucible Steel. 17% 11% Cuba R R pf 14% 10 Cuban-Am Sug: 127 110 Cuban Am S pf b2 20% 15% Curtis Publishing .. 109% 921 Curtis Pub pf (7). 83 64 Curtiss-Wright_ _ 23% 184 Curtiss-W (A)a50c_ 90% 76 Cutler-Ham (b50c)_ 109 102% Dayton P&L pf 4% 137% 104% Deere & Co e 31% 29 Deere& Co pf 1.40__ 29 22 Deisel-Wem-G(11)_ 58% 424 Delaware & Hudson 2412 173 Del Lack & West __ 26 20% Det & Mackinac pf__ 76% 61 Devoe & Rey A(13)_ 36% 301 Diamond Match (11; 361 Diamond Mpf(+1%) 21% Diamond T Mot b25c 23 Distil Corp Seag . 36% Doehler Die Cast(2) 41% Dome Mines (12)___ 541 Douglas Afrcraft___ 32 Dresser B (al) _ 17% 10% 1% 12% 52% 3% 3% 5% 69% 26% 42% 3% 47% 35% 21 Duluth SS&Atl pf__. % T 514 Dunhill Internatl.. 15% Duplan Silk (1) caee 1802 154 Du Pont (b75¢c) 1352 131% Du Pont deb (6) __.. 17 11% Eastern Roll Mills_, 176% 1585 Eastman Kodak(6). 3 31% Eaton Mfg (2) ____ 11 % Eitington-Schild __ El Paso Nat G 1.60_. x Elec Auto Lt 12.40._, 11% Elec Boa* (a60c) . 5'x Elec&Mus 1 (a18¢). 197% Elec Pow & Light .. 67' Elec Pw & Lt $6 pf_ :{9\. Elec Storage Bat (2) » Elk Horn Coal (d) .. 13’- Erie RR .. 2614 Erie R R 185t D! 21 Erie R R 2d pf 28% Evans Prod (t1)_, 4'5 Exchange Buffet___ 3! Fairbanks Co _ 20% Fairbanks Co pf_ 56 Fairb'ks-Morse (t1) 53% Fajardo Sug Co (b1) 21 Federal Lit & Trac.. 9414 Fed Min&Sm pf(7) _ 813 Federal Motor(40c). 4% Fed Water Sve A __ 3612 Fed'd Dept Str(2) __ Fed'ted Dep S pf 4% % F'idel Phoenix 11.60. 32% Firestone T&R (2) - 461 First Natl Strs t214 3814 Flintkote Co (1) 46 Florence Stve b50c_. 63 Follansbee Bros(d) 4712 Food Machine (1) 116'2 Food Mach pf(4%) 43 Foster-Wheeler _ 118 Foster-Wheeler pf_ 12 Francisco Sugar_ __. 26% Freeport Sulph (1) _ 109 Freeport Sul pf(6)._. 4% Gabriel Co (A) ... 14% Gar Wood Ind a55¢c.. 12'x Gen Am Inv(a75c) .. 69% Gen Am Trans (a3). 13% Gen Bakins (160c) ... 128 541 135 183 32y 117 ke 19% 151, 86% 19% 14 12’/! 525 Gen Cable (A) lZG‘h 11412 Gen Cable pt @n_. 647x 517 Gen Electric (bADc) 44Y% 394 Gen Foods (2) 3% 2% Gen Gas & Elec(A) 6414 65%% 60 Gen Mills (3) . 124 117% Gen Mills pt (6 70'; 575% Gen Motors(b25e) . 122% 114% Gen Motors pf(5) 10% Gen Outdoor Adv 15% Gen Print Ink new_ 4 Gen Pub Service 48 Gen Ry Signal (1), 3% Gen Realty & Util .. 39 Gen Realty & Upf._. 60 Gen Refract (a3%). 70 Gen Steel Cast pt __ 27% Gen Thea Eq(b25c). 15% Gillette S Raz (t1)_ 83 Gillette SR pf (5) .. 20% Gimbel Bros 43 Glidden Co (2) .. 5% Gobel (Adolf) 619 Goebel Brew ( c. 31 Goodrich(BF)(al1). 27% Goody'r T&R b50c__ 100 Goodyear cu pf(5).. 10% Gotham Silk Hos 3 Graham-Paig 614 Granby Cons. 132 Granby rights Ap 26 3% Grand Union ctfs __ 21% Grand Union pf(b1) 3815 Granite City Stl(1) . 41% Grant (WT) (11.40) 40% Grt Northern pf 19 Grt Northn Ore (1) 5 Grt West Sug 12.40. 321 Green HL (11.60) .. 13% Greyhound (t80c)._. 3 Guantanamo Sug-- 40 Guantanamo pf._.. 26'% Hack W pf A (1%) 25%; Hamilton W (b65¢) 101% Hanna (MA) pf(5)- 47% Harb-Walker (12) .. 8 5% Hayes Body __ 109% 101 Hazel Atlas GI (15). 15% 13 Hecker Prod (60c)-. 39% 28% Hercules Motor(t1) 1352 128 Hercules Pdr pf(6) - 67% 59 Hershey Choc (13).. 111 102% Hershey Ch pf(t4)._. 52% 44 Holland Fur(al%)- 30% 21 Hollander & Son(1). 43% 31% Holly Sugar (12) 114% 112% Holly Sugar pf (7). 431 355 Homestake (112) 41 37 Houd-Hersh A(2%) 21Y% Houd-Her B (11%) 88% Househ’ld Fin pf(6) 12% Houston Oil vtc 62% Howe Sound (t3) 3% Hudson & Manhat_. 18% Hudson Motor <= Hupp Motor (new) - 22% Illinois Central __.. 12% Indian Refin (&1)-.. 47% 36% Indus Rayon (2).... 131% 112 Inland Steel (4) 33% 22Y% Inspiration Cop 6 5 Insur Sh Md (b10c). 11% 4% Intercontl Rubber.. 281 16% Interlake Iron _ 9% 5 Intl Agricultural 63% 42 Intl Agricul pr pf. 111% 99% Intl Harvester(2%) 162 146 Intl Harvpf (7). 16% 8% Intl Hydro El A 15% 6% Intl Mercantile M. 18% 125 Intl Mining (a90¢).. 61% Intl Nickel (b50c) - 16% Intl Paper (A) cceee 10% Intl Paper (B) cceee 5% Intl Paper (C)eeeem. 90% Intl Paper pf__. 41 Intl Print Ink ( 7% Intl Ry Cent Am_... 257% Intl Salt (t11%) ... 45% Intl Shoe (12) ccaaue 31% Intl Silver. __ 90 Int Silver pf (bl) 11% (ntl Tel & Tel G 28% Interstat Dp St b2} 107‘/: 103% Inter Dept St pf(7). 30 25% Island Creek (2) 874 76% Jewel Tea (14) 1556 127 Johns-Manv (13 581 e aomn © S ©3 o [STOF T T OO - 57 GenG&E 6% cv pfA 20s 14% 11 16% ™% ™ 11% 48 34% 274 3% 56% 21% 38% 2% 14% 11 16% ™ i 11% 48% 357 27% 3% 56% 214 3% 1814 24% 38% Leh Port Cmt 1% 2 Lehigh Valley Coal. 114 Lehigh Val Coal pf_ 17% Lehigh Valley R R.. 137 118 Lehman Corp (13)_. 21% 58% 79 15% 113% 114 83% 61 537 841 3% 16 Lehn & Fink(al%). 48% Lerner Stores(12) .. 661 Libbey-Ow-F b75c__ 9% Libby McN & Li(al). 98 Ligg & Myers (14)_. 97% Ligg & Myers B t4. 59 Lima Locomotive__. ¢ 52 Link Belt (12)_ 43% Liquid Carb (2.60)_. 64'% Loew's Ino (12) ... 2% Loft Inc_____ 56 Lone Star Cmt b76c. 6% Long-Bell Lumb(A) 35 Loose-Wiles (2) 106 Loose-Wiles pf(5)_. 100% 102 150 161 22% Lorillard P (11.20) - 19% Lou Gas & Elec (A). 87% Louis & Nash b2% _. 29% Ludlum Steel (t1)_. 32 MacAndrew&F(12). 2914 McCall Corp (12)_. 18% McCrory Stores 40% McGraw Elec (12) - 20% McGraw H P b273%¢ 5% Mclntyre Porcu(2) - 33% McKeesp't Tin Plate 12% McKesson & Rob __ 45 McKess & Rb pf(3). 15% McLellan Strs b7c- 42% Mack Trucks (1) 4914 Macy (R H) (12) 11% Madison Sq G (80c)_ 52 Magma Copper (2)_. 20 Manati Sug nf (d)_. 21% Manhat Shirt (1) 4% Maracaibo Oil Exp_. 10% Marine Mid (t40¢c) 18% Market St Ry pf____ 4% Market St Ry 2d pf_ 1 2814 Market St Ry pr pf_ 431% Marlin Rock (12) % Marshall Field Martin-Parry Masonite (1) Mathison Alki 1% May Dept St (13) Maytag Co (a50c)._. Mead Corp Mead Corp pf (6) 4 Mengel Co Mengel 1st pf (214). Merch&Min (1.60)_ Mesta Mach (b1%)_ Miami Copper 29'4 Mid-Cont Pet al.15_ Midld Stl Prod(2)_ 5 Midld St] 1st pf(8)_ Milw ER & I pf(6)_ Minn-Hon Ros (2)_ Minn Moline Pow _ Minn Moline Pw pf_ Mission Corp (at5c) Mo Kans & Texas Mo Kans & Tex nf A Mo Pacific pf (d) Mohawk Carp(1.20) 9 Monsanto Chm(+1). 4 Montg Ward (12) _ Mother Lode al2lc ' Motor Prod (t2) __. Motor Wheel (1.60)_ Mueller Brass (t1)_ s Mullins B (a50c) 2 Mullins pf (7) « Munsingwear (3)_ Murphy G C (2.60) 18 32 Murphy rts May 10 Murphy G C pf (5) Murray Corp(a50c). Myers (F E) (b1)__ Nash Kelv (1) ____x Nashv Chat & St L._ atl Acme (a7be) __ Natl Biscuit (1.60)_ Natl Biscuit pf(7)_. Natl Cash Reg (1) __ Natl Dairy Prd 1.20 Natl Dairy pf A (7) 2 Natl Dept Stores ___ Natl Dept Strspf__. Natl Distillers(t2)_ Natl Lead (50c) __ Natl Mall & S C b50c 10% Natl Pw & Lt (60c) x % Natl Ry Mex 2d pf_. Natl Steel (t123%) Natl Supply Co 70 62 1213 Natl Supply pf a3% 9ig X\all Tea (60c) 103 omas (180¢c) 5413 Newberry JJ 12.40 31t Newport [nd(b50c). 781 N Y Air Brake (al)_ N Y Central 4 487 | NY Centrts Mayl_. 571 15321432 14 32132 3 NYCht&StL p (el M &St L pf_ Y City Omnibus . Y City Omnib pw N Y Dock - N Y Dock pt N Y Investors (d) NY NH & H (d) Y NH & H pt (d) Y Ontario & W N Y Shipbuilding_. N Y Shipbldg pf N Y Steam pf (6)_ N Y Steam 1st (1) Norfolk South (d) North Am Aviation_ North Am Co(b30c) North Am Ed pf (6) Northern Pacific ... “ rwalk Tire & R. 2?1\7 Norwalk Tire pf. T4 Ohio Oil (a60¢) - 5314 Oliver Farm Equip_ 1814 Omnibus Corp vte__ 35 Otis Elev (60c) Otis Steel 221 Outboard Mot b75c- x 66 Outlet Co (3)_ _ Owens-111 Gl (6) 19% Pacific Am Fish 1.20 251, Pacific Coast 1st pf_ 18 Pacific Coast 2d. 24 Pac Finance(11.80). 30% Pac Gas & Elec (2) . 43'; Pac Lighting (3) 343 Pac Mills (b50c) 140 Pac Tel & Tel (8)_ 22Y Pac West Oil(a65c). 10 Packard Mot (b16c) 2% Panhandle P& R_ 60 Panhandle P&R pf. 76 Paraffine Co (b1)_. 22% Paramount Pic__ Paramnt 1st pf (6 205 Paramnt 2d pt 60c. 4Y, Park Utah.___ 38 Parke Davis (b1)._. 247 Parker Rust (1135)_ 5% Parmelee Trans 7% Pathe Film Corp 14% Patino Mmes(flwc) 3% Peerless Corp 49% Penick & Ford (3) . 97 Penney JC) (4)- 4% Penn Coal & Coke_ 7% Penn Dixie Cement. 39% Penn Raflroad (a2)_ 49% Peoples Drug (t1) 4813 Peoples Gas Chi__. 21 Pet Milk (11) 17% Petr Corp Am 10% Pfeiffer Brew b60c 4-32 Pfeiff Brrts May 13. 4T3 Phelps Dodge b35c. 9% Phila Rap Tr pf(d). 1% Phila Read C&I (d)_ 70~ Philip Morris(b3%) 131 Phillips Jones__ 49% Phillips Petrol (2)_. 16% Plerce Oil pf ___ 2834 Pilisbury Flour 1.60 50 Pirelll (A) (a3.13) . 190 174Y% Pitts FW&C pf (7). 20 43 13% Pitts Screw&B blbc. 24% Pitts Steel _ 122 100 Pitts Steel pf 52% 2% Pitts Term Coal-._. 3% Pitts United 24% Poor & Co (B) . _. 6% Porto R Am Tob A. 10 Postal Tel&C pf(d). 23% Pressed Steel Car__. 24 Press Stl 1st pf 25c- 66 Press Stl 2d pf 2% _. 55% Proctor & Gam(12). 42% Pub Sve N J (2.60) .. 112% 100% Pub Sve N J pf (5)_. 1283 1184 Pub Sve N J pt (6) .. 9 12 21 = 19 2 - N [T ETers - o TS annonene S » 608 308 808 1 12 5 3 6 3 2 30 1608 9 1308 308 6 10 17 3 80s 108 3 14 '5 2232 2232 22 '12 -132 10s 104 9 10s 208 3 23 33 1 72 108 16 25 2 1000 4 108% 100t 108Y% 104 157 65'% Zl'l . 104 164 65'y 21% 70 933 2738, 4T% 120 110% 49% 8 95% 139 30% 113 65 11% 2T% b51% 3% 164 3% 20%, 243, 3474 137 2315 70 8415 10012 109 123% 11% 23% 83% 57% 167% 170 34% 122 65 33% 18% 6% 46% 6% 12% 142 465% 101% 27% Republic Steel ____ 109 Republic pf (b1%)_ 99 Republic pr pf A(6) 33% Revere Copper.. 71 Revere Copper (. 91 ReversCoppfb5i 128'% Revere Cop pf bl% . 24% Reynolds Met (t1)._. 24% Reynolds Spr (1) __ 50 Reynolds Tob B (3). 12 Rhine Westphalia__ 687 Roan Antel (al.12)_ 38% Safeway Stores(t2) 97% Safeway Strs pf(5). 110 Safeway Strs pf(7) 43% St Joseph Ld(b50c). 6% St L-San Fr pf (d)_. 144 Savage Arm (a1) 42% Schenley Dist(b75c 2 Schulte R Strs (d)_. 38 Scott Paper (1) 1% Seaboard Atr L (4)- 6 Seaboard A L pf(d). 40'% Seaboard Ofl (1) T} Seagrave Corp._. 81 Sears Roebuck (3) 28 Servel Inc (t1)__ 29 Sharon Stl (11.20) 10% Sharpe & Dohme 141 Shattuck F G (60c) - 267 Shell Un Ol (a26c) - 40% 1235 107 89 26 50% 12% 657 13 39% 408 102% 308 110% 3 67 2 8% 2 22 12 5 121 Stlver King (b25¢).. . 44% Simmons Co (b50c). 3% Simms Petrol. 42 Skelly Oil__ 98% Skelly Oil pt (8) 85Y% Sloss-Sheflieid Stl _ 272 Smith & Cor ctfs(1) 37% Smith (A0) ____ 217% Snider Pkg (b1%) 16% Socony-Vac (b25c) - South Am G & P 30¢c South Port Sug(+2) So Porto R S pf(8)_. So Cal Edison t1%4._. Southern Pacific Southern Ry . _ Southern Ry pf._. parks-Withing__.. pear & Co (a50c) .. Spencer Kell (1.60) Sperry Corp vte(al) 4 Spicer Mfg (a3) 5% Spicer pf A (3) piegel, Inc (1) Spiegel cum pf(415) Stand Brands(t80c) Stand Brands pf(7). Stand Gas & El (d) Stand G&E $4 pf(d) 4 Stand G&E $6 pf(d) Stand G&E $7 pf(d) Stand Inv Corp ____ Stand Oil Calif (t1)_ Stand Oil Ind (t1) Stand Oil N J (1) Sterling Prod 13.30_ Stewart-Warn t50c. Stone & Web(a25c). 13% Studebaker Corp 4% Supertor Ofl__ 37 Superior Steel .____. 321, Sutherland P 11.60_. 25% Swift & Co (11.20) - 302 Swift Int) Ltd (2) __ 18% Symington ww bl0c 14 Symington xw bl0c. 127 Talcott (J) b30c___. 117 Tenn Corp (al5e) .. Texas Corp (2) 7'x Texas Gulf Pr ase 384 Texas Gulf Sul (12) 1314 Tex Pac C&O bl0c__ 11%; Texas P L T (allc). 10 Thermoid Co 5 Third Avenue._ 23 Thomps'n Prod b4 61 Thompson Starrett 2813 Thompson Star pf __ 181 Tide Wat As Oil 80c 22 Timken Detroit t1 613 Timken Roller B(3) 15% Trausamerica t40c. 167 Trans Wst Alr a25c 19% Transue & W (160c) 9 Tri-Contl (a50c) . _ 812 Truax-Traer(b25c). 33% 20th Cent Fox b50c_. ll‘a Twin City R T_ 16 Twin Coach (bl5c) 3% Ulen & Co - 85% d-Ell-Fisher (3). 63 Union Bag & P (2).. 97% Union Carb (3.20) __ 24 Union Qil(Calif)1.20 126'; Union Pacific (6) __ Union Pacific pf(4)- Union Tnk Car 1.60- Utd Aircraft(a50c). Utd Air Lines a20c.. Utd Am Bosch . _ Utd Biscuit (1.6 Utd Carbon (4). . Unit-Carr Fast(12). Utd Corp (az0ec) Utd Corp pf (3)_. Utd Drug (a75¢) Utd Dyewood (1)... 6% Utd Elec Coal % Unit E1 C rts May 14 4612 Utd Eng & Fy (12)_. 8013 United Fruit (i3) 13% Utd Gas Imp (1) 613 Utd Paperboard 2%; U S Distributing_ 15 U S Distributing pf_ 17 U S & For'n Secur. 23% U S Freight (11)_. 111 U S Gypsum (t2)-_. 17 U S Hoffman.___ % 37% U 8 Indus Alcohol__ 6% U S Leather vtc__ 1B IS Leather(A)vtc_ 59% U S Pipe & Fdry (3). 13% U S Realty & Imp 44'% U S Rubber. 83% U S Smelting (b4)_. 75 USSteel ____ 139% U S Steel pf (7) - 155 U S Tobacco pf (7 7 Unit Stk Yds (JOC)_ 5% Utd Stores (A) . __ 79 Univ Pictures1stpf. 2% Uill Pw&Lt (A)(d)- 1% Vadsco Sales Corp.-. 48 Vadsco Sales C pf. 28% Vanadium Corp_ 42'% Vick Chemical (12). 7% Va-Car Chemical ___ 5414 Va-Car Chem 6% pf. 108 VaEl & Pw pf (6)._ 31 Wabash () _____.. 9 Wabash pf (A)(d)_. 15% Waldorf Sys(11.20). 44 Walker (H) (2)- 11% Walworth Co . 6% Ward Baking (B) ... 13% Warner Bros Pict__ 61 Warner Bros Pic pf. 7 Warner-Quinlan(d) 6% Warren Bros (d) _- 29'% Waukesha Mot (1).. Webster Eisenlohr_ Wells Fargo Wesson O&S Wesson O&S pf (4)- West Penn EL A (7) West Penn EI pf(6) West Penn El pf(7) 118 West Pa Pwr pf (7) 87 Western Maryland_ 17% Western Md 2d pf. 67% Westn Un Tel (3)__. 46 Westingh'se A B(1) 180% Westingh'se El (b1) 149% Westhse 1st pf (bl) 30% Westvaco 5%pf 115 114 Wheel&L E pf(5%). 38 Wheeling Steel._ - 23% White Motor. 15% White Rk M 8(1.40) 51 White Sewing Mach 35 White Sew Mch pf. 4% Wilcox Ofl & Gas._ 8% Wilson & Co (50c) 79% Wilson & Co pf (6) - 51% Woolworth (2.40) .. 341% Worthington Pump. 81 77% Worth Pump pf(B). 68% Wrigley W ir (13)_. 49% Yale&Towne(160c). 20% Yellow Tr & Coach. 128 Yel Tr & C pf(b1%) 40 Young Spr& W(t3). 75% Ygstn S&T (b75¢) . 10s 170 3 34 10 43% 1 234 261 20 10 4% T 38%W 100! 1472 26 60 407% 53 Zfi 23% 3 1% 7 14 15% 44% 15% 7 1435 x 16 3 39 Worth Pump pf(A). 400s 14’)8% 4 2 70V¢ 2 52% 38 32 80s 125 3 41% 26 934 407 —1% 124 +2% 108 +1'a 43% —1% 89 —1% 94 137 24% - % 26 -3 50 — 1 12% + "a 65% —3% 39% 1021 + % 2 110% + = | goods is meeting a “public b » | tion of Santa F 205 —14 3% — K 875 — 87 +2 9T —17% 2513 — 1 144 -3 , | and leading issues tumbled Late Selling Brings Big Drop Before Support Braces Market. Stock Averages 30 15 15 60 Indus. Rails. Utll. Stks. Net change. +.3 +.3Unc. +.2 Today, noon 958 469 455 1709 Prev.day... 955 466 455 70.7 Month ago. 963 460 471 713 Year 338 465 60.5 1937 495 540 753 1937 378 455 687 1936 435 537 7238 1936 30.2 434 55.7 1932 8.7 239 16.9 1929 146.9 153.9 184.3 157.7 1927 516 953 618 61.8 (Compiled by the Assoclated Press.) BY VICTOR Assoctated Press Fin: NEW YORK. April 23.—A late sell- | ing wave hit the stock market today fractior | to 5 or more points before sufficient support arrived to brace the list, Brokers saw nothing especially out- standing in the news to bring a be- lated flood of offerings that put the ticker tape two minutes or so behi; floor dealings for a time. Numero new lows for the year or longer wert posted. Partly responsible for the renewal of the slide, it was thought, was the marked indifference of stocks to ex- ceptionally bright corporation earn- ings statements and other favorable industrial news, The pace was extremely slow until near the final hour, when bids van- ished in many instances and traders previously on the sidelines dumped commitments. “Bargain” buying be= | fore the close brought mild recoveries. Transfers were around 1,200,000 shares. | Among depressing factors was another fall in United States Gover ment securities and a lower drift of | company bonds. Major commod also dipped. Wheat at Chicago was off 'y to 27, cents a bushel and corn was down 2% to 74 up. Trade observers noted the warning of Kenneth Colli vice president of Gimbel Bros., the advance in prices of ing 1 real and sharp.” Rails put on a forward push in the | morning when official figures on last week’s freight loadings revealed a more | than seasonal gain. With the excep= which exhibited ex- | tra resistance, most turned downward ‘E\Pmuall' Rubbers were good for a | while, but they, too, slipped. Several | sistance that 1s very * | specialties managed to come out on top. By the Associated Press NEW YORK, April 23 —Cotton was easy today under further May liquida- tion, combined with Wall Street, Western and foreign selling. July, which had sold off from 13.20 to 13.13 and then recovered to 13.22 on trade buying, reacted in midafter- noon to 13.14, with prices generally 10 to 14 points net lower. Futures closed steady. 4 to 8 lower. Low October” Deces ar n the new c c eed ed steady tember, 9.730; }‘OREIGN EXCHANGES. NEW YORK. April . —Foreign ex- change easy. Great B) tain in dollars, d. 4.93%4: cables, France de- Ttaly de- ' Britain_dema 60-day bills ble el 581y registered. 54.76: Norway, ark New | New York in Montreal n—Nominal. METAL MARKET NEW YORK. April Spot New Jork Louis. 5.85 Eouts tbot and ruti num. antimony. quicksi wolframite unchanged. MONEY MARKET NEW YORK. April * steady: 1 per cent ail mercial paper. 1 per steady: 60-00 days, 1's per cent: bankers acceptances unchanged rediscount rate, New York Rescrve Ba 11; per cent WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. Single deposit and up. PROSPECTUS SENT ON REQUEST. Wellington Foundation, Inc. William Canby. Mer. Woodward Building National 3717 certificates $300.00 | \ STOCKS a diversified list of stocks which appear attractive to purchase for appreciation in value, will be sent on request. l Our bulletin describing l 4 128 128 38% 384 25 25% 24% 24% 18 18 15 15 + % 102 102 57% BT% —1% 18 - % 46 +1 7% — % 68 —2u 25% — % 108 101 391 94 ColG&EpfA (6)_. 90% @0l G & E pt (5). 32% Columb Pic vtc ('1) 46% 41 Columb Pic pf(2%). 136 123 Jon&L 7% pf(b1%). 46 38 Kalamazoo$ (t1).. 29 20 KansCity South___. 27Y% 23% Kayser J & Co (2) .- 23% 17 Kelsey-H A (21%)—. 19% 14% Kelsey-H B (a134)_. 109% 102 XKendall pf A (16) . 69% b55% Kennecott (b50c) - 17% Keystone S&W b30o 38% Kimberly Clark(1)._ 5% Kinney (G R) Co. f (81) oo (b30c) - the death of George L. Starkey. Trading was heavy on the Washington Stock Exchange today with prices firm. Capital Transit stock moved at| 69% 56% Comel Credit (14) . 131, unchanged. Washington Gas lgav‘ 1(6)2 gomc: <l:redTp‘t'(4¢)K) came out at 80% ex-dividend and OInCLANY) - Mergenthaler appeared on the board ao g°"“": i"é‘ e % 2% “2’2 e, twice at 47. Capital Traction 5s were 55 Cottiy & Soati8) 55 stronger today, selling at 94. Several 131 Conde Nast Puls____ 15% — % other bonds also changed hands at 36% Congoleum-Nrn(2 39 -1% recent levels. 13% Consol Clgar——_._— ° 4 - 2% 58 Pullman Inc (1%) 24% 19% Pure Oil 112% 108 Pure 011 8% p 23% 18% Purity Bak (60¢)-. 16 Quaker State (80c)- 10% Radio Corp 2% Radio pf A (3% ).4. 7% Radio-Keith-Or (d). 14% R R Sec I1l1 Cent____ 31 Raybestos M (t1%) 891 Reading RR (2) ... 9% Real Silk Hoslery ... 40% 31 Zenith Radio (b1) 9% 6% Zonite Products. Approximate Sales of Stocks on the N. Y. Stock Exchange. 250,000 380,000 540,000 740,000 Dividend rates as given in the anove table are the annual ocash payments based on the latest quarterly or half-yearly dec- ||| larations. s 0nit of trading less than 100 shares. tAnnual rate— aPald last year. bPaid this year. in recelvs || APR— \ ! .. | {4 33% — 43% +1 62% —1% 104 —2% 68 — % Robert C. Jones & Co. SHOREHAM BLDG. Metropolitan 2922 “Complet - M wrenE T omen 18 46 Th 68 25 Investment Service” -