Evening Star Newspaper, April 23, 1937, Page 17

-CURBLIST DRIFTS 10 LOWER LEVELS Losses Dominate Market Mear Close Despite Some Recoveries. EY the Associated Press. NEW YORK. April 23.—Losses dominated the Curb market in quiet dealings today. A few shares recovered fractionally from previous setbacks. but the main list worked lower as the session ap- proached the close. Bunker Hill & Sullivan dropped more than 3 points and major frac- tions were clipped from Atlantic & Pacific, Gulf Oil, American Cyan- amid "B and Sherwin-Williams. Aluminum Co. of America broke sharply following announcement the Government had brought suit against 1t under the anti-trust laws. Newmont Mining picked up nearly 2 points and Bower Roller Bearing gained slightly more than that. Most other gains were narrow. CHICAGO GRAIN Es the Associated Press CHICAGO, April 23.—Setbacks of 81z cents a bushel maximum took place in Chicago wheat prices late today. In addition to severe breaks in Liverpool wheat values bearish senti- | aders resulted | ment among Chicago from widespread beneficial rains and snows in the Canadian prairie prov- inces. Welcome moisture was also re- ceived In domestic Winter wheat terri- tory southwest and west as well as in domestic Epring wheat areas north- west. At the close wheat was '« to 2! under yesterday's finish, May, 1.30',a 130%: July. 1.18al.18'4 off to % up, May. 1.2 July. 1.16'<al.16%s, and changed to < lower WHEAT— Open. High oats Low 12, 1 old new o0ld r-aits 407, Chicago (afih ‘Vlnl(tl Cash wheat, no sales reported; corn, No. 3 mixed, 1.33; No. 2 yellow, 1.34- 361 ; No. 3 vellow, 1.31',-34; No. 2 white, 1.35: No. 3 white, 1.32!2; oats, No. 1 white, 55! No. 2 white, 54'2- 55'3; No. 3 white, 55; no rye; bar feed, 73-87, nominal; malting, 1.00-30, nominal: dredweight; clover hundredweight. seed, 27.00-33.00 Winnipes Prices. WINNIPEG, April 23 . —Grain range Prev. Baltimore Quotations. #).—Wheat. No. g DALTIMOE: spot - domestic, CURB BONDS DOMESTIC BONDS High. Low i Birming Gas 5 ; Can Pac bs 1”‘ o 101 104 102 50 104 s 73ls 100 Gi 56 i : s Gatineau Pw Gs '41 1007 10078 1007 Glen Alden Cl 45 65 =0 Grana Tr We 4s 933, R 100 1041, 10235 1020 0813 081y 94~ b4 D0tz G0y %0 70 106 106 10134 10134 5Riz 5 »mggnwm" 106w 100v, 51 KKl K213 muih , 108 > > 3> 3w Bs_'58 York Rwy Co 65 8678 FOREIGN BONDS. Cuban Te Ths 41, A 00% Ham E&U R 5 4 a0F Gk Russian 51%s 21 mal Unit Ind Corp 6s '45 fCompanies reported In receivership. o T The study of astronomy is becoming Popular among women of England. i } timothy seed. 4.50-5.00 hun- | 2:30 Stock and Bales— Dividend Rate. Add 00. Afr Inv Inc war 1 Allled Prod(A)1% 1 Alum'n Co of Am 5008 Alum (Am) pf (6) 50r Alumn Goods b25e 1 Aluminum Ltd _ 600s Alm Ltd o pf b1%. Am Afriines. Inc_. Am Beverage Am Book Co (4) Am Box B'od (1)_. Am Cit P&L (A) 3 Am CitP&L B al0c Am Cynam B t60c Am Dist TelNJ 5 Am Eqit (a223;¢) Am & For Pw ww_ Am G&E (1.40)___ Am G&E pf (6)_ Am Gen C'p (a50¢) Am Gen pf (2%)_. Am Gen C pf (2) Am Laun'y M 80c_ Am L & T (11.20)_ Am Mfg Co (a3) _ Am Maracatho Am Meter (b75¢) - Am Superpowe: Am Superpw 15t 6 Am Superpwr pt__ Anchor Post F Angostura (+20c)- Apex Electric(al) Appalach E P pf 7 100 Arcturus Radio T Ark Nat Gas Ark Nat Gas (A)_ Ark Nat G cu pf Ashland O&R t40c ASSOG & E (A) 35 Atl Coast Fisbdse 2 Atl Coast L a2 _. 20s Atlas Corp war Austin Silver Auto Vot Mch 50¢ Babcox & Wil (4) 225a Baldw L bd rts(d) 4 Bardstown Dist__. 1 Bartum Stain Stl_ 6 Baumann Co (L)_. 1 1 8 Bell Atreraft __ Bellanca Afreraft. Berkey&Gay F Co Bliss Co (E W) Blue Ridge (bl5c) Blue Ridee cv nf 3 Borne Scrym b7ic 100s Bower Roll B (2) 10 Bowman-Biitmore 7 Bowmn-Bilt 1st nt 508 Breeze C Inc a Brid'p’t Mch b25 | Bright Star El Brili Corp (A) .. Brill Corp (B).__. Brill Corp pt | Brit-A-T cu B bisc Brown Co nf Rrown F&W blsc Buckeye P L (4) 50w Buff N&E pf 1.60 1 Bunker H & S(b1) 1008 Cable & Wire(A)_ "able & Wire(R) Calamba Sug +1 .60 Can Dredge & D'k Can indus Alco A Can Marcont Capttal City P 60¢ ‘arib Svndicate _ Carnation Co (1), Carnegle Metals _ “aro L&P pf (7)__ Carrter Corp Carter (JW) 80c_. Casco Prod b2% __ Catiin Corp atie) Celanese 1st pf +7 Cellulotd Corp pf 804 Celluloid 1st pf b2 70s |Cent&sw Uil 2 | Cent States Elec 45 | Cont St E1 6% pf 1008 Centrif Pipe t40c 2 | Charts Corp(1%) 1 Chesshrnuzh (t4) 508 Chl Flex Shaft (4)100s | Chtef Consol Childs Conf ____ 100s Cities Service _ &5 Cities Service p 16 Citv Auto S(t60c) 3 Cit Svc P&L $6 bt 608 Cit Sve P&L $7 pf. 26 Claude Neon Lt; Clev Tractor Club Aluminum Colon Dev Ltd Colon Dev 6% nt_. Colo Fuel&Ir war Celts PFA b3714c Colum G&E pf(a) Colum O & G a20c Co'with Dist al0c Com with & S war Com'u’ty P&L 1st ComSM ate vte t1 Cons Afrcraft Consol Conper C GELt&P Ro 3.60 Consol Gas Utll Consol Stesl Corp | Cont'1 Roll & § Fv Cook P & Var t0c Cooper Bessemer. Copper Range____ Cord Corp Corroon & Reyn 508 o | Corr'n-R pf A b134 Cosden 011 Me (¢ ) Cosden(Me)pt(d) Creole Pez (a50c) - Croft Brewing __._ Crown Cent P a6c Crown Cork(A) (1) Crown Dr (b20c) Crown Drug pf 1% Cuban Tob vte ___ Cuneo Press (2)__ Cust Mex Mining_ Darby Petr (£0c)_ Dayton Rubber __ Dennison 7% pf _ 30s | Derby O11 & Ref 33 Derby O&R pf a4 100s Det Gasof (1.20) 2 Det Stl Prod b2se. 1 Domin S&C (B) 1 | Douglas(w Lipt 50s Dow Chemical (3). 3 Driver Harris13% & Dubelter Condens 5 Duke Power (3) _ 50a Duro Test (b10c). 2 Duval Tex Sa50c 1 Eagle Pitch Ld 10c 11 Eastn G&F Asso 1 Estn G&F Aspf3 100s East G&F p pf 43 1008 East Mall Ira1.30 60a East'n States Pwr 5 East'n St Pw (B) Fasy W M(B)b250 Edison Bros(b7sc) Elec Bond & Share Elec B & S ot (5)-. Elec B& S of (8) E] Pwr Assoc a250 El Pwr As(A)a250 Elec P&L 2d pt A Elec P&L opt war Elec Sharehalaing Emp Pwr pt b30c Equity Corpa2sc) Evans Wall Lead Evans Wall L pt Bxcello Air(b20c) Fansteel Metal _ Fedders Mfg b25c. Ferro Enam b75c.. Fidelio Brewery _ Fisk Rubber = Fisk Rub pf (6) Ford Ltd a181-100 Ford (Can) A (1) Fox (P) Brew 80c Franklin Ray a60c Froedt't cv pf 1.20 Gen Alloys Gen Fireprfg b2ic Gen Invest Corl, Gen Inv Corp pf Gen Ou Ad pf b1y Gen Pub Sve pf(6) \jen Ravon Ltd A Gen Teleph (b25c) 11 ien Cire & Rul 14 Gen Wat G & Elec 1 GenWG&EwWs - 1 Georgls Pw pt (6) 1008 Glen Alden C (t1) 13 Godchaux Sug(B) 1 Goldfield Consol .. 1 Gorham (A) . 1 Gorham Mfvtctl 3 trand Natl Riime 2 Grand Rap Var(1) 1 Gray Tel P S (1) 1 Gri A&PTn v t6 60 Great Nor Pap t1. 50e Greenfleld T& D . 13 Groc Store Prod . 1 Guardian [nvest _ 1 Gulf Of] (Pa) b25e 15 Gulf St Ut pf (6)- 268 Hartman Tobacco. § High. Low. Closs. 1 1 1 28 23 28 15734 15034 150 118 118 118 174 114 1734 122 5 16 12834 12834 1283 243 2414 24% 2% 2% 61 67 22 3574 5 294 126 44 3¢ 3614 1094 100 3834 3% 814 1914 50 1% “y 1% % 3844 o 7 22 8574 5 2934 126 L) 31§ 33 107 1% 85 & 8y 61 3% 95 5214 2% 24 1044 1233 2:30 Btock and Sales— Dividend Rate. Add 00. Harvard Brewery. 11 Hat Corp (B) 80c.. Hearn Dep S b1.65 Hecla Mining bd5c Helena Rubenst'n. Hevden Ch (12) _ Hollinger (165c) Horn & Hardart t2 75e Hudson BM&S (1) 1 Humble Of1 (1%). 17 Huylers 7% st(d) 100s tyxrade Fooa __ 3 IP&L6% pf.__ 350s 111 Pwr & Lt $6 pt 12008 Imp Ol Ltd *60e. 17 ITGtB&Ib84%ec. 1 InsCoof No A 12 250s Intl Hold&lnv Ltd 51 intl Hy Fl1 8 cv pt 1 Int H E Sep A war Intl Petrolm t1% . 12 Intl Products ___. 4 tntl Uth (B) . 27 I[ntl Util war new_ 2 (nt] Vitamin(50c) 2 Interst HM t2%_ 8 Interst P(Del)pf 170s Iron Fire vte 1.20.100s (tal Sup'pwdris. 3 Jacobs(FLICo(1) 11 Jeanette Gissable 1 JersCen P&L pf 6 208 Jones&Laugh Stl. 1 Kingsbury Brew .. 6 Aineston Prod 406 T Kirby Petrol (20c) 1 Kirkland L G (6e) Kleinert Co(t40¢c) Lake Sh M (14) Lakey Fy & Mach. Leh Coal &N 30c._.. Leonarad Ofl Lion O] Ref (1) Lit Brothers ____. Lockheed Afreraft Lone Star Gas 8Ce Long Island Ltg - Long 1 L pf A(7) Long Isl Lt of B 6 Loudon Packing_.. La Land (40¢) .. McWilllams D (3 Ma estic Ra&Tel_ Margay O1l (1) Massey Harris Master Elec (1) ... Mem Nat G(ablc) Mer & Mfg A b20c. Merc Stores (b3)_ Merritt Chap & S_. Mesabi Iron ___ Mich Bumper C___ Mich Gas & Of1 Mid-W Abrasal0c Mid Sta Pet (A) Mid Sta Pet (B) _ Midwest Ofl (t1) Mining Co (Can) Minn M&M b40c__ | Mock Judson 60c_. Molybdenum Corp Mont Ward A (7). Moody’s pt pf (3) Moore Dist (t50c) sount Prod (60c) cnman Spr(al). t Auto (b1) ___ Nat Baking Co Nat Bella Hes hl( P& Ltpf (6) 150s Nat Rub Mch a20e 10 3 Nat ('nion Radto 2 Navarro Ofl (40c). 4 Nehi Corp 2 elson(H) (a45e) 2 eptuneM(A)afle 1 ev-Calif Elec 508 New HavCl (1%) 2 | New Jer Zine (12) 150n Newmont Min b75, 1 | New Process (t2) 1 |N Y Omnibus(war) 1 N Y Steam 1 N Y Tel of (6%) 1508 Niag Hud Pwr new 10 ag H P(A) war 2 ag Hud st (5) ag Sh Md B aé0e Niles Bm Pnd b50c Nipissing (60¢c) .. ¢ NorthAmL&P _ 5 North AmL&P nf 200s ,.M \ No Am Ray A bs0c 2 | No Am Ray B bi0e 1 1 North'n Kuron Ol 1 No IPS 6% pf bi5c 80s ovadel Agene(2] 2 orthwest En bi0e 1 Ohio Brass B biic 26s Oil Stks Ltd t40c.. 1 | Okla Nat Gas Co 4 Okla Nat Gas pf__ 100s Oldetyme Distil 3 Pac G&E 1st (1%) 1 Pacific Ltz pf (6) 25s Pac Public Service 1 Pac Tin spec (12) 1758 Pan-Am Afr (1) 7 Pantepec Of1 €0 Patchague Ply 27_ 40s Pender G (A)31; 350s Pender Gr(B)as0e 7 Pennroad (a26e) . 15 Penna P&L pf (1) 70s PeninsularTel 1.60 60s Penn Wat &P (4). 2 Penn-Mex F af0c. 1 Penna Salt (b1%) 26s Penn Traff(t15c). 2 Pepperell Mfg 16_225s Perfect Circle t3_. 60, Phoenix Secur __ Phoenix S pf A(3) Pierce Gov (bl5c) Pion'r G Ltd b30c._. Pitney Bow (t40c) Pittsbgh Forging Pitts & L E b2y 1 Pitts Plate G (b1) Pleas Vall W (bsc) Plough Inc (1.20)_ Potrero Sugar - Powdrell&Al t60c 28 Premier Gold t126 1 Pressed Met (12). 1 Propper-McC (d). 1 Prosperity Baly§ 1 Prov Gas (80e) . Pub Sve Ind pf Pub Sve Ind pr pf Pub Sv Okla pl(6) Pug S4 P&1 $6 pf 50e Quaker Oats pf(6) 10s Rainbow Lum (B) 2 Raym’d Con pf(3) 50s Raytheon Mfg vtc Reed R B new t80¢ Refter-Foster Reynolds invest __ Rice Stix DG b50e. Richm’d Radfator. Root Petrolm (1) Royal Type b75c.. 2008 Rustless Ir&Stl _ 6 Ryan Consolid'd__ 9 Ryerson & Haynes 1 Saf Car HELt b1y 76s St Lawrence Corp 1 St Rexis Paper 29 St Regis Paper pf. so. Savoy o1l Schiff(The)Co(t3) | Scovill Mfg (b50c)100s Seeman Bros t2%. 1 Sepal Lock & H . 2 Seiberling Rubber & Selected Indus . Sel Ind all cfs 5% 100s Sel [nd pr pf (5% )4508 Seversky Alrcraft 1 Shattuck Den Min 6 Sherwin Will (4) - 2508 Shrev-El Dor P&L Simmons Hd & P_ Singer Mfg Ltd rcts (a28 4-5¢) .. Solar Mfg (b10c; Sonotone C (a10¢! SoCal Edpf B1% South’'n P L b20c_. Southn Union Gas Southl'd Roy bl0e Southwest P L(2) Spencer Ch S b75¢ Stand Cap & S 1.60 Stand Dredging Stand Inv eum pf Stand Oil Ky (t1) Stand Of Ohio t1. Stand Oi1 Ob pf 6 Stand Pwr & Lt _. Stand P& L (B) _ Stand Prod (b25¢) Stand S11&Ld (4¢) Stand Stl Spal%. Starrett Corp vtc. Sterchi Bros a30¢ Sterl Alum (b25c). Sterl’'s Brew albe. - 600s 508 90s 308 W W n T e 6 e o NEW YORK CURB MARKET By private wire direct to the Star, 104 2424 a4 120 35 15 323 u7 124 5 8714 133 “y 2% lo;( k1 UNION CARBIDE EARNINGS JUMP Quarter’s Net at $9,947,712 Against $7,502,393 for Same 1936 Period. BY the Associated Press. NEW YORK, April 23.—Union Car- bide and Carbon Corp. reported for the quarter ended March 31 net in- come of $9.947,712, equal to $1.10 a share on capital stock. This compared with $7.502,393, or 83 cents a share for the March quarter last year. For the 12 months ended March 31 net income amounted to $39,297,527, equal to $4.37 a share. This compared with & balance equal to $3.27 a share for the 12 months ended March 31, 1936. National Cash Register. National Cash Register Co., Dayton, Ohio. in a report for quarter ended March 31 showed net profit of $817,- 884, equal to 50 cents a share on the capital stock, against $341,750, or 21 cents a share in the March quarter last year. For the 12 months ended March 31 net profit was $3,341,475, equal to $2.05 a share, against $1,665,384, or $1.02 a share for preceding 12 manths. Sales for March quarter totaled $10.- 455,912, against $8,376,865 in the 1936 period. For the 12 months sales were $45,056,384, against $35,929,465 for pre- vious 12 months. Tide Water Associated. Tide Water Associated Oil Co. an- nounced an increase in the common stock dividend and disclosed first quarter profits of $3,328.303, com- pared with $2707,703 for the like period last year. The dividend, amounting to 20 cents a share, payable June 1 to stock of record May 10, contrasted with 15 cents in previous quarters. The first quarter profits were equal to 39 cents a share on common stock, after preferred dividend requirements, against 31 cents a share on the com- mon in the March quarter last year. Schenley Distillers Corp. Schenley Distillers Corp. and sub- | sidiaries, reported March quarter net | income of $1,813,272, equal after pre- ferred dividend requirements to $1.24 a share on 1260000 shares of com- mon stock. This compared with net | income of $1,739.200 for the March quarter last year, equal to $146 a | share on 1,050,000 common shares. Bower Reller Bearing. Bower Roller Bearing Co., Detroit, | reported for March quarter net pmm\ of $320,212, equal to $1.07 a share on capital stock, against $300,131, or $1 a share, in like period last year. | American-Hawaiian. American-Hawaiian Steamship Co. | !and wholly owned subsidiaries re- | ported for March quarter net loss from | operations of $298,191 before charging ! | expense incident to the maritime | strike. After all deductions there was a net loss of $589,067, against net profit of $194,200 for the March quar- | ter last vear. Lambert Co. Lambert Co., producer of pharma- | ceutical products, with principal plant | at St. Louis, reported for the quarter ended March 31 consolidated net profit of $447,378, equal to 60 cents a share | of capital stock. This compared with $380,885, or 51 cents a share, in the March quarter last year. Marshall Field & Co. Marshall Field & Co.. Chicago, re- ported for March quarter net profit of $613,012, or 10 cents a common share, against net loss of $94,532 in the | March quarter last )ear. | $532 NEW YORK SUGAR NEW YORK. April 23 (P —Raw sugar was unchanged early today at 4.4 for spots with no sales reported Futures held steady in No. 2 contract ip ¢ n midday wes unchanged to act was easier under renewed liquidation and hedge selling which ap- peared to be due (o the er London market. “July sold from 1.1 1.1613 and September after seiling at 1.1015. ral- lied to 120, leaving the list around mid- day > to'1 point net lower. Refined was unchanged at 4.80 for fine granulated. with moderate withdrawals re- rted. New business was still light. —— 0 Stockand Sales— Dividend Rate. Add 00. Sterling, Inc(30c) 5 6% 6 6 Stetson(JB)b50c_ 25s 213 21% 2114 Stinnes(Hugo) d.. 2% 2% Stuts Motor ___ % 4 Sullivan Machine_ 2134 2134 Sunray Oil (bbe) - 4% 4% Sunr'y O cu pf 2% 4Tl 473 Sunshine Min (3) 7 18% Superior Port C B Taggart Corp Technicolor a50e_ Tech Hughes t40¢ Texon Ofl & L 60c ew Shovel a50c Tilo Roof Inc (1) Tob&All Stks a3 Tonopah M (a6c)_ Tr-Lux DPS t200_ Transwest Oil Co_ Tr1-Contl C war _. Tubize Chatillon_ Tubize Ch A (b1)_ Tung-Sol Lamp__. Unit Alr war United Corp war._. Unit Gas Corp - Utd Gas war _ __ United G C pf b1% Unit GEE pf (7) . Unit Lt & Pw (A). Unit Lt & Pw pf__ Unit Shipyds B __ Unit Shoe M 23 1508 Unit Stores vtc 1 Unit S Mch pf1.50 50s U 8 Foll (B) (1) 3 US&IS 1st pfb2l;. 2 U S Play Cards t1 508 U 8 Radiator g U S Rub Reclaim. 2 U S Stores 1st pf_. 708 Unit Verde Ex (1) 6 Unit Wall Paper . 8 Univ Corp'n v.te.. 2 Utllities P& L () 2 Utll P & L pf (d). 200s Utility Equities 9 Utility & Indus pt 1 Valspar vte 1 Venezuela MexO. 1 Venezuela Petrol_ 6 Va Pub Sve nf (7). 10s Van Nor Ma b40c_. 3 Waco Afrcraft . 1 Wagner Bak b40c. 1 Walker Mining 1 Wayne Knit Mills. 2 8 1 1 ‘4 High Low. Close. Wayne Pump (600 ‘Weisbaum B B 40¢ Wnatwth Mfg blse Well't'n Ofl of Del ‘Western Auto Sup 14 Weat Tex Ut pf(6) 20s W Va Coal & Coke Westn A E (a2bc). 1 Willms RC (60c). 1 Wil-low Cafeteria ¥ Wil-low Cafe pf 2 Wilson Jones b1l 1 Wolverine Port C 2 Wolver Tube b20c. 14 Woodley Pet t40c. 1 Wrizht Hare t40c 41 Ygstn 8tl Door(2) 1 713 Yukon Gold(alle) 4 3 3% Dividend rates n dollars based quarterly or semi-annual paryment. nual rate—not lnr.hminl cumulated dividends s 18% | b Paid this vear. a year. being fn_bankruptcy or in tveraht belng rTeorzanized under. the b-nh%tz act, or securities sssumed by such § Stock Has Fluctuated During the Last Four Years Prices of Consolidated Edison. Stock, 1933-1937 Earnings Amounted to $3.32 per Share in 1933. Stock Sold Between 10.24 and 1931 Times Earnings 1933 $2.18 per Share in 1934. Stock Sold Between 849 and 21.73 Tmu Earnings II|| AT 11111 TN It 1934 Earnings Amounted to $201 per Share in 1935. Stock Sold Between 7.90 and 17.29 Times EarnSnga 1935 Letters Above Are Inifials of Months: J for January, F for Feb Earnings Amounted to $2.34 per Share in 1936, Stock Sold Between 11,65 and 20.67 Times Earnings In 1929 Earnings Amounted to 1937 2 &t J.|. GASE PROFITS RISE 053 083 28 1936 Net Compares With! $1,804,835 Reported in Previous Year. Ey the Associated Press, NEW YORK. April 23.—J. 1. Case Co., agricultural equipment concern, in annual report for 1936 net profit of $3.083.281, preferred dividend $1236 a share on com This compared with $1.804. a share on common stock Bon Ami Co. Bon Ami Co, ported for requirements %o and subsidiaries, the March quarter net at 105' . at 80'% 10 at 1117 at 10375, showed equal after mon stock. 8350r 3.0 , . o in 1935, Anacostia Ana. & Po C &P T | Capital T City & S: Georget | Pot &T re- profit of $317.309. after depreciation, leSh Gas 5s Wash Gas 5s Federal and foreign taxes and other | Wash. Rwy. & charges. provisions, on 92647 excluding company. 200,000 this equaled $1. shares of class 7353 and 87 shares held by the| cents a share on! shares of class “B.” Under participating share 54 a share ol “A" stock, This compared with net profit of $245556. equal to $118 a share on the class “A” and 70 on the class “B" | last year. cents a in the March quarter share wa Wash' Rv Paraffire Companies. Paraffine Cos., Inc., and subsidiaries, March quarter profit of $541,722, equal after dividend 23,804 shares of 4 report for the requirements on per cent cumulative conv ferred stock to $109 a share on 476, 062 common shares. This compared with $381551, or 80 cents on 476,062 capital shares in the Preferred stock was issued on July 6, 1936. Colosado Fuel & lron. Colorado Fuel & Iron Corp., with a like quarter last year. Liberty (4) n (16, Sav net ertible pr--‘ " \\\l\h an & FIRE INSU RANcl: Amer Columbia (.30) Carpel Corp. (" plant at Pueblo, Colo, earned for the | quarter ended March 31 net income of 283, equal to 96 cents a share on oDl Peoples Drug Real Est the common stock. Comparable £3- ures for the like quarter of 1935 are not available as the present company, a successor corporation, in April of last year. was formed General Refractories, Net income of Genera] Co. for the 12 Refractories months ended March | 31, was reported at $2.046.571, or $4.51 a share of capital stock, against $687 638, or $1.51 a share in the preceding No provision 12 months. NEW was made for surtax on undivided profits. Minneapelis-Honeywell. Minneapolis-Honeywell Regulator | Co., producer of temperature contrcl | instruments, reported March quarter | net income of $406,468, | au on{n:me a equal after | Y preferred dividend requirements to 61 | cents a share on common compared with $195.276 a share on common in March quarter last year. Lone Stor Gas C Lone Star Gas Corp, the year ended December reported fcr Conn Ge ’.1 Lif Corntin Cas (1 This | cents | stock. or 27 ens Nwk orp. | Globe & Rep. ¢ ’lnb— & Rut 31, net m- come of $6,192,632. equal after p!e<" ferred dividend requirements to 97 |Home Ins Homestead cents a share on the common stock. | Maryiand Cas | This compared with $5,188,473, or 77 cents a share in 1935. INVESTING COMPANIES YORK. Ap: Becunlty Donters Bibciation: (Noon Admin Fd 2nd_Inc Am Business Shrs ir dank Group Shrs Bankers Nat Inv Corp | Basic Industry Broaa St Inv __ Bullock rund ~__ Corporate Trust = Corporate Trust AA Corp Tr AA mod Corp ii Accum Ser Corp Tr Acc mod — Cumulative Tr Sh _ Diversified Tr C Dividend Shrs Eguity Corp $3 pf Fidelity Fund 1nc First Boston Corp Fixed Trust Sh A Fixed Trusi Sh B _ . Founa_Tr Sh A = Fund (nvssmnAInc e | Fund Tr Shi Fund Tr Shrs B > Gen Investors Tr Group Sec Agriculture Group Sec Automobiie Group Sec Building Group Sec Chemical Group Sec Foo - Groun Sec Tovest shrs Group Sec Merchandise Groun Group Incorp Investors Insurance _Group Shrs Investors Pd C Inc Keystone cué:, Pund B-3 Mutual Invest Nation Wide Sec Nation Wide Voting National Inyestors NY Shrs New England Fun North Am Bond Tr etts Pioai0a b 8. quotations ) Lincoin Fire Mass Bond Nail Fire (2 Natl Liberty N'Hampshire ¢ Nor River (1) T.—New York | 8, ingneid Travelers (1 U S Fire () Westchester ( & Houston Oil Penna R R Co West N Y Western Union market edzed appeared. Atlentics weid ARI! remainder of Canal Dutch dipping % Country Cl M. Cold Storage 53 STOCKS. PUBLIC UTILITY, YORK Fid & Dep (4 in _fair supply declining 85 SALES. Anacostia & Potomac R. R. 5s—$1,000 at 76, $1,000 at 76, $1,000 at 76. Capital Traction 1st 55—8$500 at 94. | Washington Rwy. | Capital Transit Co.—10 at 13!5 | Washington Gas Lt.—10 at 80!y, 5 Mergenthaler Linotype—10 at 47 AFTER CALL. | Mergenthaler Linotype—100 at 47. Potomac Electric Power §':7 pfd.— | Washington Rwy. & Elec. 45—$1,000 Bid and Asked Prices. BONDS. PUBLIC UTILITY f Va5 lon R urban Gas 15t Elec. Power b. 515 & Ei & Ei Com "k Savines (10) Tr. (e8 Sivements (1080) National Union (.60)° TITLE msm\}uflcz Real Estate () = MISCELLANEOUS. >00) « ® M.&G 1936: STOCKS P.—New York .30) R0 N Y Fire (.N0a) Sun Life (3% a—Also exira or extras. &—Declared or paid so far this year. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Amer Tel & Tel 5 Auburn Auto Co Ry 55 Edison Elec Rllum_ds "1 Gen Public Ser i Grand R & Ind ‘|‘a; n;m 5155 1040 v Lehigh Valley Ter Ry Long Island Gen 4 Lou & Nash R Mich Cent R R 4 Midiand R R of N'J Mil & North R K 4 N 58 1948 R k mm Penn-Dixie Ccmenl‘(;: 1941 Rio Grande West 4s 1939 South Bell Tel & Tel 55 141 T.RR Assn SUL 4150 197 Vanadium Corp 5s Vertientes Susar Co 7s uw’ Wabash Rwy Co b5 Warner Bros s 19 & Pa 4 Tel 5; FOREIGN MARKETS. LONDON. _ April 23 ased seneratty “grm the industrial section was mixed. ~Giit- ,German bonds zold higher and gold mining issues lost some of ‘their early galns when renewed seiling shares were mixed as selling from contirental sources ehtered the market and rubber issues were offered Home rails and trans- steady S. —Government bonds closed firm 1nthe Boursg today with rentes showing ains of 5 to rarce also moved the _list francs 30 francs. PHILADELPHIA PRODUCE. PHILADELPHIA. —Fowls. P| th Rock. sm: ultry—Fowls. Plymouth Rock. s THsts edium sized. broilers. mxe 1 & Elec. 4s—$1,000 10214 Z106 1 107 10012 —The 115 centimes 145 francs up. was mixed. Suez and Royal Aprll 23 (B Live Washington Exchange ' Air-Conditioning Sales Establish All-Time Records Ey the Assoctated Press CHICAGO, April 23.—The Air Con- ! ditioning Manufacturing Association reported installed cost of equipment sold by members broke all records in March and in the first quarter of 1937. March sales totaled $17.137,870. com- pared to $5,531.656 in March. 1936, an increase of 2098 per cent. First- quarter sales totaled $31,648.290, com- ing months of 1936, an increase of 187.5 per cent. January-March sales this year top by 90.8 per cent the best quarter of 1986, which was April-June. with sales | of $16,586,170. The best three suc- | | cessive months last year were May- July, when sales totaled $17, 212 The quarter just ended exceeds the latter by 78 per cent. CHICAGO LIVE STOCK. CHICAGO. Apr | Department | including 3 | aver 200 pounds. Thursday’s average ip 10- pack: n com kir lambs 1o shippers. El 1510 bulk early s » ON IMPROVED | Immediate 45¢ paid No charge BUILDINC pared to $11,005,980 in the correspond- | N FINANCING Avery Blames U. S. Profit Tax for Lack of Work- ing Capital. E5 the Assoctated Press CHICAGO. April 23 —President, Sewell L. Avery of Montgomery Ward ‘& Co. told stockholders at their an- | nual meeting today the company was | “in very great need of additional | working capital.” “This lack of capital,” Avery said, “is not surprising in the light of the undistributed profit tax, which is villainously unsound. This will have to be changed, and I think it will be | changed or this Nation will be | changed—seriously.” Because of the Federal tax on une- distributed profits, Avery asserted. the company had paid out its 1936 net | profits of $20,198914 in the form of dividends. Last year's dividends on common stock totaled €412 as com- pared with $2.65 per share in 1933, Sales last year totaled $361,297.000, | highest in the company’s history, Avery said. adding “Although the earni; | would have provided a large | the increased working capital needed, it was necessary, to avoid excessive surtax penalties, to distribute sub- stantially all of the year's earnings in the form of cash dividends.” Avery suggested three possible meth- ods of raising additional working cap- ital—issuance of preferred stock with a rate of 4 per cent, issuance of de- bemure bonds, or additional common stock. The company's board of directors was re-elected. for 1936 part of Kresge Sales Cited. NEW YORK. April 23 (4 B. Van Dusen, president of Kresge Co., told stockholders at annual meeting today a “very aging” sales upturn of 9 per been scored over last year. “Flood locses,” he “‘were ni great and stores in have reported better t ness since then." Compared with total labor troubles have been he added C. B. Tuttle, trea company's to about ‘UDUHJU 1 in 1930. This vear gram of $2.357,210 | than half com cent pleted, he said. FEDERAL LAND BANKS NEW YORK. April 2 Bank bonds on and OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1416 Eye St N.W Phone NA 2184 D. C. PROPERTY attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. fo» appraisal if loan is not made. Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATIVE ASSOCIATION 915 F STREET N.W. Organized 1879 Loan and Tr ¥ STAEET AT 000 stock although Bank_of The 1F YOU HAVE MARKETABLE SECURITIES . ... and need money at any time, you should have no hes- itation in asking us for a loan We assure you courteous and prompt attention. The WASHINGTON ust Company 17th STREET AT G