Evening Star Newspaper, April 24, 1937, Page 14

" A-14 ¥¥ FINANCIAL CAUTION RULES TRADING IN BONDS Most Federal Issues Up, but Few Register Sharp Losses. Bond Averages 10 ®an Unc 7.7 Uk 722 69.6 74.7 708 3.0 B a0l 10 Ralls Indust. Util -3 .1 Unc 93.3102.9 99.7 93.61028 99.7 95.0103.0100.3 91.31022101.5 99.0104.4102.8 9291024 99.4 98.2104.4 103.1 86.9101.8 99.3 67.6 1932 low. 458 400 646 42.2 1928 high.. 101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Close ....109.2 Prev. day- 109.0 Month ago 109.3 Year ago. 111.2 1937 high_ 113.7 1937 low. 108.4 1936 high_ 113.5 1936 low.. 110.2 1928 high_ 104.4 1932 low. 86.8 Net change Today, close Prev. day.. Month ago. Year ago.-. 1937 high__ 1937 low. 1936 high.. 1936 low. (Compiled by the Associated Press.) By the Associated Press. NEW YORK, April 24—Cautious steps were taken by the bond market today as buyers and sellers assumed on-guard positions. Neither side took the offensive and prices fluctuated narrowly in each direction Federal issues edged higher for the most part, although several bonds dropped rather sharply. Gains ranged to ’, of a point late in the session, while setbacks extended to 35 of a point. Some failed to Tegister any transactions, Few of the domestic corporates gwung as much as a point. Some of the rail bonds were up or off major fractions, with the majority following a downward course. St. Paul 5s of 1975 ran into comparatively heavy offerings and recoiled more than a point. Major fractions were clipped from North Western 4%s, Baltimore & Ohio 4155 and Frisco 415, “Katy” 5s bucked the trend for a run-up of % or so. American & Foreign Power 5s showed to advantage by adding a major fraction, continuing a recently launched rally. Other utility loans, however, were hobbled by light deal- ings. Industrials were all but neg- lected. MEMBER TRADING ON EXCHANGE SHOWN Amounts to 20.04 Per Cent of All Round Lot Transactions During Week. By the Associatec: Press. Transactions for the personal ac- counts of members of the New York Stock Exchange during the week ended March 27 amounted to 20.04 per cent of all round lot transactions on the exchange, the Securities Com- mission reported. The member trading included 5.84 per cent in transactions initiated on the floor of the exchange, 4.47 per cent in transactions initiated off the fioor, and 9.73 per cent in transactions with &pecialists. In the same week member trading on the New York Curb Exchange to- taled 17.46 per cent of all transactions on that market. The commission said the total round lot volume on the stock exchange dur- ing that week was 7.449.440 shares and the total curb exchange volume was 1,851,125 shares, Washingtot.l Exchange SALES. ‘Washington Rwy. & Elec. pfd.—10 at 109, 10 at 109. Liberty National Bank—8 at 151. Real Estate Mtge. & Guar. pfd.—40 at 515, AFTER CALL. ‘Washington Gas Light.—10 at 801}, BONDS. Bid and Asked Prices. PUBLIC UTILITY Amer. Tel. & Tel, Anacostia & Pot. o 7% $ T SN Capital Traction R. R. Asked. Aias- 412 By private wire direct to The Star, Approximate Transactions Today. U S Gov't Bonds 1,870,000 Foreign Bonds_ . 540,000 Domestic Bonds 8,680,000 TREASURY. High Low. Close. 91.6 9624 91.5 101.7 101. 1017 99.24 99.22 99.22 996 98.24 995 99.7 98.30 99.7 1005 99.28 100.5 102.29 102,24 102.29 102. 101.20 101.30 108.10 108,7 103.19 105.26 106,26 105.26 104.27 104.22 104.27 1069 1069 105.9 2%81949-53_____ 2% 8 1945-4T e 2% 8 1948-61 2%s i951-64 o 2% 81956-59 __. 3148 1944-46 3% s 1940-43June 3%51943-47 105.1¢ 1067 106.14 45 1944-64 109.16 109.16 109.16 4145318194345 104.29 10418 9 4148 1947-52 114.20 114.20 114.20 FEDERAL FARM MORTGAGE. 288 1942-47 100.20 100.20 100.20 451949 _. 10110 101.8 10110 318 1964_ 101.24 101.24 101.24 HOME OWNERS' LOAN. 2%81939-49 99.14 996 99.14 $831952___ 100.26 100,17 100.21 FOREIGN BONDS. High. Low. Close. 106} 106 106% 99 98y 984 15% 15 15 Y1 97 97 10074 100% 100%% 101% 1013 101%§ 100 1003 100% 100 10035 1003 1013 1013 101% 102 102 102 10134 10134 10134 1013 101% 101% 101 101 101 102 102 102 1054 106% 106% 1083 1083 3935 a9l 3919 a 603§ 10235 2814 87 7% 0 100 84 98 9884 1063 2234 224 Abitibl Pa&Pw 68 'G3 . Akershus 53 ‘63 Antioquia 7845 B_. Argentine 43871 Argentine [ 34s 62_. Argentine 6857 A _ Argentine 68 '58 B_ Argentine 6359 Jun Argentine 6s 59 Oct _ Argentine 6= 60 May Argentine 6s ‘60 Sept. Arzentine 65 ‘60 Oct Argentine 63 ‘61 Febr. Argentine 6361 May_ Australia 6s 57 Belgium 68 ‘55 Brazil 6148 *26-'57_ Brazil 615'27-'57 Brazil 78'52 Brazil 85 41 Brisbane 65 Budapest 6s ‘62 unmat coupon o Buenos A C 3s'84___ Buenos A 4%s'76 Aug Bue Al 4348-4%s'75__ Buenos A C 6s ‘55 Buenos A C 61 Canada 21:8°45 Canada 48’60 Chlle 6360 Chile 68°'61 Jan Chile 6s ‘61 Febr.. Chile 6s ‘61 Sept.. Chile 6363 Chile 7842 Chile Mtg Bk 6s ‘61 Chile Mtg Bk 65 ‘62 Chile Mtg Bk 6148 °'57_ Chilean Mun L 75’60 Cologne 618 '50 Colombia 6s 61 Jan.. Col Mtg Bk 615s'47_. Col Mtg Bk 7s 46 Covenhagen 65 '5 Cordoba 7s'57 stpd Cuba b8 45 Denmark 435 ‘62 Denmark 5148 ‘55 Denmark 6s 42 Dominic 2d 5%s'40 _. Dominic 18t 51,5 42 Dresden 75’45 Fiat deb 7s *46_ Finland 68 ‘45 Frankfort 64s ‘53 Ger C Bk A 6560 July Ger Gen Elec 7545 Ger Gov 6%s '65 st Ger Rep 78 '49 stpd. Grt CElJap 7s'44 Helsingfors 612 Italy 78 61 Japan 6%s'65 Japan 615s'54 Kreug&Toll 55 '59 ers. Medelin 615 ‘54 Met Wat 5338 Mex 45 °10-45 asst_. Minas Gers6%s '58 Sept coupon off New So Wales 53 Nord Ry 6%s ‘50 Norway 48'63 Norway *%s ‘65_ Norway 4158 '56_. Norway 68 °43___. Norway 68 44 Norw Mun Bk 5s Oslo 438 '55. Panama 6363 stp as. Paris Orl Ry 635 '68._. Pernambuco 78 "4 Sept coupon off. Peru 6s 61 Porto Alegre 8s'61 June coupon off. Prussia 68’52 Rhein Main 78’50 Rhine W EI P 65 '55_. Rhine W E1 P 7s'50._. Rio Grdo Sul 7s '66 May coupon oft Rotterdam 65 '64 Sao Paulo St 68 ‘68 July coupon off Sao Paulo St 78 40 Serbs 78’62 unm c o_. Stlesta Prov 7s'58_ Tokio 6%s 61 __ Tokio E L Litd 6s '53_. Trondhiem §%s '57. Ujigawa E P 7545 UnStl Wk 615547 A. Uruguay 6: 643 9T 9734 101 101 10474 104% 81y 783 81 81 19% 19% 92 92 mm 10734 19% 313 30 25% 29 96 108% 87 80% 9akg 483 143 102 634 28 102% 10634 95lg 100% ¢ 102% 105% 1063 102 9815 673 1005 31V 30 26 2044 204 193 23% 203 2034 291 29 100% 100% 26 203 29% 1934 23% 20% 20% 29 100% 2814 9234 9 44 6% . T84 101 94% 268 68 g 284 2814 9235 29 s 6% 834 101 9484 25% 68 “wy 101 Y% 264 6734 “y City & Suburban 58 Grorsetown Gas 1st 5 Potomac Elec. Pow. Wash. Gas 5s 19 Wash! Gas 5s 14 Warn: Sav.%% Elec. 45 MISCELLANEOUS. Country Club 5155 M. Cold Sforage 5s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)____ 166% (‘IDHBI Transit Co. 13 & W. Steamboat (6) Pow. 6% pf 527 ‘bt Wash. Gas Lt Co. ( Wnfih Ry. & Elec. com 725 Ry. & ElL pfd 1081, Col. W. 100 110 ()" 11 (5.50) .60 (36) 5) R1 10045 Yokohoma 6s'61___._. 83} DOMESTIC BONDS. Adams Express 48°47. 1013 1013 Adams Express 48 *48_ 10034 100}$ Alleg Corp 68 "44 - 98 98 Alleg & Westn 4598 __ 94 94 Allled Stores 4%3°50_ 991 9914 Am & For Pw 682030_ 179 78 Am Icecvbs’63 ____ 95% 95if Am 1 GChFl%s 49 107 106% Am Tel & Tel3%s'61. 95 9734 Am Tel & Tel 3%, 8°66 97% 973 AmT& T 4%s 39 104% 10434 Anaconda deb 4%3°50 105! 105 Armour(Del)1st 45’55 96§ 963 Armour & Co Del 4857 9634 96 46 83)4 838y 1014 10034 98 9 9934 8% 95% 107 9% 9734 10435 1083 9634 BANK AND TRUST COMPANY. Amer. Sec. & Trust Co_(eR) 200 Bank of Bethesda (h.75) 4 Caital (4) Com. & Savings (10) Liberty (4) 305 Riges pfd. Tasibeton (6)- ash. Loan & Tr. FIRE American (6) Corcoran (5) remen’s (1.60) ational Union (.60 Columbia (.30) _ Reul Estate (O)e=i MISCELLANEOUS. Carpel Corp (2.00) <Z Lanston Monotype (t4) Mergenthaier Lino. (2.00) Peoples Drug 8. com. (+1. IW\ Peoples Drug 8. pfd. (6.5 Real Est. M.&G. pf. (** 8ecurity Storage (5) Ter. Ref. & Wh. Corp, (3) ded & Loth. com. ('l 50) Wdwd. & Loth. ptd. *Ex. dividend, 1Plus_extra. % a. 20v GAR WO00D SALES SOAR. NEW YORK, April 24 (®) —Gar ‘Wood industries and subsidiaries of Detroit sales during the first quarter of the year totaled $2,183,000, an in- crease of 30 per cent over the $1.- 685,000 in the same period of last year, Logan Wood, vice president, stated. MONTREAL SILVER. MONTREAL, April 24 (P.—Silyer fu- tures closed steady. 13 higher to 17 lower, o salec. May. 43 b July 44.65b: Sep-~ tember. 44.60b, b—B! . RUBBER FUTURES. NEW Y April 24 (A —Crude rubber utures cxosgd steady 15 to 25 higher. yap, 23990 July m 36; September. 8-40 t. 23.18n. D—Ill. by Armstrong C'k 48 °50 1041 104% 104% A T&S Fe ad) 4895 st. 1034 108 10314 A T&S Fe gen 45°95__. 1074 107} 107} A T&SFe 41848 109 10834 109 A T&SFeC A 41862, 11134 1114 113§ Atlanta & Birm 4s'33_ 36 86 36 AtIC Lun43%s 64 91 91 91 Atl Coast Line 68'45__ 104 104 104 Atlantio & D 1st4s'48_ 62} b2} 523§ B&O 1st 48 43 10534 1053 10634 B&O 4%s 60 76 76} 8% B&O 1st 68’4 11236 11236 11235 Balto&Oref 658’05 A 874 87 87 B&O68s'96 F 8535 861§ 85l B&Oref 5s2000D. 86% 85 85 B&Oref 68'95 C 98} 97 9815 B & O PLE&W V ¢s° 10235 102 10234 B & O Swn 68 '60 108} 108 108 B & O Toledo 4559 92 82 92 Bell T of Pa 65 60 C. 1228 122% 122% Beth Steel 3% s 66 94 94 94 Beth Steel 414860 __. 103} 1084 108} Boston N Y A L 4855 27'/1 27 27 BotCon MAl;s'34 _. 80 293 80 Bkilyn Ed con 3% &'66.. 99% 991§ 9934 Bklyn Man T 4%s8°'66_ 92% 92 92 Bklvn Un E1 6860 ___ 103% 10834 1083 Bklyn Un Gas 68 °45... 112% 112% 1123 Bklyn Un Gas 6s ‘50 100 100 100 Brown Shoe 3% s 50 1063 106 108Y Buff R&P con 4%s 5 86) 85} 85K BCR&Nclbs’'34 26 25)4 26 BCR&NGs'34ctfs_. 26 26 25 Bush Term con 58°56.. €9% 693 693 Can’dian N 6569 Oct_.. 115% 1163 115% Can’dian N R 4%8°67_ 11034 1103§ 11035 Can’dian N R5s°70 116 116 116 Can‘dian N R 438 ‘66 11136 11134 1113 Can'dian N db 63%8°46. 128} 123} 123} Can'dian Pdb 4s perp. 95% 94l 941 Can'dian Pac 4%s 46 10414 10435 10435 Can'dian Pac 4%8°60 102 102 102 Can‘dian Pac 55’44 cfa. 113 118 113 CaroCl& O 68°52 A___ 110% 1108 1105 Car & Gen 6350 ww__ 104 104 104 Cent of Ga 6s 59 C 20% 203 20 Centof Garf 6%s’'59_ 2014 20% 203 Cent N England 4s'61. 71} 713§ 7U4 Centof NJ gen63'87_ 4li4 7L 171 Cent Pac 1st rf 48°49__ 106% 106% 106% Cent Pac 6860 _ 9915 987§ 99 Cent Steel 8s "41_____. 1213 121% 121% Chesap C cv 55 44____ 11835 11834 11834 Chesap Corp 68 °47_._. 135} 13434 135} Chel&Ol%l 96 D... 96 95% 96 C&Oconbs’39.____.. 107 107 Ches &0 3%n 96 B._.. 965 985 95% ri THE EVENING Chi B&QI div3i;w'49.. Chi B & Q gen 45 '68_ Chi B& Qrefbs'71... Chi & E 111 6851 Chi Grt West 48 CMStP4s'89_ CM&St P 65875 CM&StP&P ad) 582000 Chi& NW 4%8'49 .__ Chi & NW gen 68 '87.. Chi & NW rf 65 2037__ C&NW Nr W 6%s'33. Chi R I&P rf ¢s ‘34 Chi R I&P rf 48'34ctf_. Chi R I&P gen ¢s'88. Chi R I&P 4%8°652.. Chi R I&P 4%s 60 Chi T H&S Inc 6560 Chi Un Sta 3%s 63 B.. Chi & W In con 4s°'63_ Chl & W Ind 4% s 632__ Childs & Co 6543 _. CCC&St L gen 4s'93__ CCC&St Lirf 43%8'1TE CCC&St L ref bs '63 D CCC&StL StLdv 48’90 CCC&St Liret 68°41C. Clev Un Tel 438 °'77. Clev Un Term 5873 B Colo Fuel & Ir 58" Colo & So 4 %8s '80 Columbia G & E d 68’62 April. Columbla G & E bs ‘62 May._ Columbia G&E 65 '61_. Comcl Credit 3%s ‘51 Cons EANY 8%s46n_ Cons Ed NY 3%s'56 n. Consum Pwré%8 66 Container 68’46 Crane Co 3%8 61 Cuba Northn 6% Cuba RR 18t bs '62_. Del & Hud ref 4843 Den & R G con 48 '36. Den & R G 4%8 '36 Den& R G W 6865 Den & RGW 6s'5basst_ Detroit Ed 4s'66 F Det River Tun 4%s'61 Dul S S & At 63’37 Duquesne Lt 33856 1d k1 111 BKlyn 4539 Elec Auto Lite 4852 Erie gen 48 96 Erferef 867 . Erfe ref 5576 Fed L&Tr 5842 6t_. Fla ECRY 68'T4-ooe Gen Cable 5%8°4 Gen Mot Acc 38°46 Gen Mot A8s 3% 8’51 Goodrich 4%8°66 Goodyear T&R 68 ‘57 Goth Silk H 6546 Gt North'n Ry 3% Great N Ry 48 46 G Great N Ry 48 46 H_ GrtN Rzeni%sfl E. Grt NRGs’ GulfStates St vés 61_ Gulf States Util 45 ‘66 Hoe (R) 15t mtg 44 Houston Of1 5% *40 Hudson Coal 68°52 _. Hud & Man inc 6s ‘57 | L1 Bell Tei 8348 70 111 Cent col tr 48 53 _. [11 Cent ref 4s ‘56 I11 Cent 43,366 111 Cent ref 55 '55 111 Cent Lou 3% ICC&StL N 04 5'63 ICC&StL N O 6£ 63 ._. Inland Stl13% s 61_ Int RT 1strf 686 LR T 18t rf Gs ‘66 ctfs. IntR T 6s'32 IntR T 7s 32 Int R T 7832 ctfs Interlake Iron 4s 4 Int Agrcl 58 42 stp_ Int Grt Nr 6s°66 C Int Hydro Elec 6s "44._. Int Pap 1st 68 47A Int Pap ref 6s ‘55 _ Int T&T cv 4% s 39 Int T&T 4%s8'52_ Int T&T 6s°65 _ lowa Cent 1st&rf4s'51. James F & C 45°39 _ Jones&L Stl 4% s'61A_ Kans C So 1st 3s 60__ Kans City So ref 58 '50 Kan C Term 1st 48'60_ Kresge Found 4s '45._. Laclede Gas 53 "59_ Lake S&M So 3%s°97_ Lake S&MS 81;5'97 rg. Lautaro Nitr 6554 __ Leh C&N 4148 64 A_. Leh Val Coal 5544 Leh Val Coal 5864 weh Val Coal 68'74 Leh V Pcon 4%8 2003 LV NY 43840 gtd Leh V P con 48 2003 _ Leh V RR con 58 2003_ Ligs & Myers 7s "44_ Lorillard 7s ‘¢4 La & Ark 58’69 L&N 1st4s 2003 L & N unif 48 40 L& N 4352003 C McKess&Rob 6% s'50_ MeCRRclt 4845 A__ Man S1st 73542 ctfs_ Mead Co 6845 Met Ed 1st rf 44568 Met W S E1 Cr 4s'38 Mil E] R&L 6861 _ Minn & S L rf 45 '49_ MStP&SSM cn 4538 MStP&SSM 6s '38 gtd_ MOK&THES62A____ MoK & T adj 6867 ... Mo Pac 4s'75_ Mo Pac5s'17F. Mo Pac 55’80 H ctfs. Mo Pacb5%s'49 A_ Monong Ry 18t 4s *6! Mont Cent 68 '37_ Montana Pwr 3% s’66._ Morris&Essex 43%8 ‘55 Natl Dairy 3% #'51ww. Natl DiSP C 4%s'45__ Natl RM 1st 45’61 asst Natl Steel 48°65_ New E T&T 4%8°61_ New Jer P&L 4%s ‘6! New Orl P S 6s'52 A. New Orl P S 6855 B New OriT&M 418’56 New Orl T&M 55 °51 B New Or] T&M 515 ‘54 N Y Cent3%s'52 wi_ NY Central 3%s 97_ NY Central 33,8 *46_. NY Cent 4s°42_ NY Cent con 4s'98. NY Centrf 4%s ’.’Dll NY Crf4%s2013n__ NY Cent rf 682013 NY Cent cv 6544 NYC&St L 4%s 78, NYC&St L 6%s T4 A_. NY Dock 1st 48’51, NY Dock 6s'38 NY G E1 H&P 6848 . NY NH & H 33847, NYNH& H 4%s'67__. NY NH& Hcv 6s°48 NY O&W ref 4892 NY Futnam 4s'93._ NY Steam 1st 5s NY Steam 55 '56_ NY Steam 1st 68 "47... NY W & B 4% 46 _ Norf So 1st ref 5s ‘61 North Am Ed 5%5'5 - Nor'n Pac gen 3s 2047_ North Pac 63 2047._. Ohio Edison 48’65 Ohio Pub Sve %= Oreg RR & N 48°46___ Oreg W RR 48°61._. PacGas& E13%8'66_ PacG & E 3%s’61. PacG&E 4s°'64 Pac RR Mo 1st. Pac T&T 3%s'66 C Paramount Pic 68 '6b. Penn Co 45°63 _ Penn Dixie C 68'41.._. Penn O & D 4%s8' 7. Penn P&L 43s '81... Penn RR 3%s'52_ Penn RR 3%s 70 C Penn RR 4%5'81 D___ Penn RR 4%s "84 Penn RR gt 448 Penn RR deb 4%s '70_ Peoria & B inc 4s°90__ Pere Marq 1st 48°56__. Phila Co bs 67 _ Phila & R C&1 68 Phila & R C&1 68 49._ PCC&St L 4’&! "l’l C—- PCC&St L b PCC&St L 68 ”IS B Port Gen El 4%8 60 Postal Tel & C58°53.. Pure Ol1 4148°50 ww_. — 1025 - 100 High, Low. Closs 106 108 116 106 108 116 39 102% 1025 10134 965 10614 108% 10239 - 108 10184 961 1064 1088 10214 9714 1081y 9 b3 65% 9004 814 3184 18% 1845 1073 10424 109 82 82 1044 109 82 8134 8134 814 10284 1022 16% 16 10434 10434 101 101% 99% 9935 104% 10034 9334 180 . 107% 10134 116 968( 100% 106 108 115 89 i 58 3044 1034 19% a6y 8034 52 213 10885 99 108% 101% 106% 82 66 102% 108 1013 963 1064 103% 102} 12974 § 1273 1038 102 6634 105 108 14 107 10734 1084 1614 288§ 27y 104 104 7844 1113 1113 108 102% 1z 112 108 108 1043 1043 9675 9514 10034 10044 104 104 9435 96 10834 10035 102 | 663 | 105 108 14 102 107 1075 1081 29 27% 104 104 8% 1113 1028 12 108 104% 95% 10034 104 10034 10034 1003 1004 997 1003 10034 1013 101 100 99% 1005 101% 100 10534 1063 10534 10514 1043 ~ 107% 10734 97§ 974 106 104% 1084 107% 974 105 104% 10434 1043 108 108 10034 100} 108 10034 19% 1934 193 9% 9y 10634 1083 3334 383 16% 16 107% 1073 18 115 - 116 116 62 6135 283§ 28 121 9434 105% 3314 156 1073 115 115 62 283§ 12034 121 & I 108% | 1ii STAR, WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE High. Low. Close. €99 198y 118 11814 9814 9814 10734 10645 10634 106 183 180 PR 963 9635 54} Balg 991 99 Purity Baking 58 *48_. R-K-O 67 ¢1._ Reading Jer C 48°61__ Reading R 4% 97 A_ Rem-R 53847 A ww_ Republic Stl 4%8'50_. Republic Stl 4%s 56, Republio Stl 43,861 Richfleld O1l 65 ¢4 StJo Ry L T&P 68'37_ St L IM&S R&G 48'33_ St L-S Fran 48 '60A St L-S Fran 4% s *78_. StLS W 1st ¢s'89 San A & A Pass 48'43_ Schulco 6% 8'46 B____ Seabd A L 48°'50 — Seabd A L ret 4s'59_ Seabd A L adj 6s'49_. Seabd A L 6845 A _ Seabd A L 68 45 ctfs Seabd A-F1 68’35 A ct_ Shell Un deb 33851 Silesian Am 7. 1 Socony Vac 3% South Bell T&T 5! ‘41 SoPac3%s 46_ So Pac col 43°49__. So Pac ref 4s'56__. So Pac 4%s 68 ____. 99 934 105 sutg 89 89 96 9% 106 10134 10214 9334 974 10134 8015 108% 96 81. So Pac Oreg 4%s'T7__ So Ry gen 48'56 A. So Ry b8 '94 So Ry gen So Ry 6%%4s ‘56 SoRy M &O 4s8'3. So Ry St L div 4861 Soutnw’n G&E 4860 Spokane Int bs *55_. Staley A E 4846 Stand Oil N J 3s°61_. Swift & Co 3%s ‘60 Lexas Corp 3%s 51 Texas & Pac 6877 Texas & Pac 5879 C Texas & Pac 63°80 D Third Av ref 4s 60 Third Av 1st 5s '37 Third A ad in ex 58'66._ Unfon Pac 314870 Un Pac 3%s°71 _ Un Pac 18t 45 °47_ Un Pac 1st rf 48 2008 Un Pac 1st rf 55 2008 United Drug 68°63. U S Rubber 6547 106% 1068% Utah P & L bs "44_____ 108! 102§ Ut P&L 6369 ww_.. b8l§ 6814 UUIP& L 6%s"47__. 6915 6935 Va Ry 18t 3%8'66 A__ 1085 1031 Wabash 1st 6839 95 9 Wabash 2d 5539 84 84 Wabash Term 48'54__. 83} 833 Walker H&S 4% #°45_. 106 105 Warner Broscv 68°39. 96 9534 Warner-Quin 68 39_ AT 41 W Sh 1st 45 2061 gtd 9234 u2if West'n Md 1st 45 °52__ 10314 103 Westn NY&P gn 48'43. 107% 107% West'n Pac 65 46 A 8535 3515 West'n Pac 68 46 A a 85 34t West'n Un 4%s '50 10436 104 West'n Un 68 '61.. 1035 1083 West'n Un bs"60_ 103 10244 Wheel Steel 43,8°53__. 99 u8», White Sew M 65°40___ 103 Wilson & Co 48 56 1001 Y'ngstnS&T 3148 b1_. 14214 ¥'ngstn S&T 48'61___ 1014 10136 1013 10214 10239 9835 9335 97 9T% 10134 1014 31 804 103% 108% 9 96 10534 10634 10144 1013 10215 102 10245 10244 102 1013% 6315 6314 9 9y 3234 81 94 9314 9334 9814 1105 1104 10434 104 14114 9915 99 1083 1013 102 10214 101% 6313 99 81 997 9334 1103 104 114 9934 106% 102%4 6814 89% 108% 9% 84 8334 105 96 ay 9235 1034 103% 10214 98 103 100%% 142 101 983 103 100% 142 101 DOMESTIC BO Ala Power 41,5 '67 Ala Power 55 m-“ Cont G & E Denver G&E Det Cit G Dixie G a P&L Gatinge B & N L& Towa P m K [& el ron Edis 4s \mum VR R 1il G Nevad Cal El New Ams Gas EG & G 1067 10515 8012 201z 102 )i 8015 107 109% 4s 60 §% &or Gl 41808 Sou Ind Ry '51 i Stand Pw & Lt 6 57 " Super of Il 455 88 Suver of Tl 41bs '70_ 0 5 ]m % 1:»1! Va Pub Ser 5s ' Ward Bakirg 6s West News 101% f!’\ FOREIGN BONDS. Ger Con Mun 6s '4: 610 Russian 6las 15 mat Stin Hg 4s '40 st II Unit El Sve 7s '56 A W With waPrants. “xw o Withoot wats rants. n—New. St. (stp)—Stamped. §Negotiability impaired by maturity. TCompanies reported In Tecelvership, U. S. TREASURY POSITION. By the Assoctated Press. The position of Receipts, _ $14,517 balance, receipts. for 'the month, 15 m!x D. C., SATURDAY CURB LIST MOVES 10 LOWER LEVELS Break in Aluminum Co. Widens Sharply in Gen- eral Decline. Ev the Associated Press. NEW YORK, April 24.—A break in Aluminum Co. of America, following a suit by the Federal Government for dissolution of the company under anti- trust laws, widened sharply today as renewed selling hit all sections of the share list on the curb exchange. Aluminum Co. shares, ordinarily relatively inactive, encouraged heavier offerings and fell 16 points in early trading on top of a 7-point drop in the preceding session. As leading stocks on the “big board” wilted under liquidation, selling spread in the curb list, particularly in re- cent industrial favorites. Losses of fractions to more than two points were recorded in American Cyaramid B, Electric Bond & Share, Gulf Oil, Dow Chemical, American Manufacturing, New Mont Mining, Northern States Power “A” and Wayne Pump. Utilities retreated with the market, but showed better resistance, since they had been depressed for some time while industrial shares were rising. PNEUMATIC TOOL PLAN IS DRAFTED Chicago Firm Calls Special Meet- ing May 25 for Action on Recapitalization. By the Assoclated Press. NEW YORK, April 24.—A plan of recapitalization for Chicago Pneu- matic Tool Co. will be submitted to stockholders at a special meeting May 25, it was announced. The plan pro- vides for reclassification of the present $350 preference stock, increase of 250,000 shares in the common and creation of a new $2.50 convertible preferred Revamping of the capital structure, the management explained in a letter to shareholders, is necessary because funded debt, an accumulation totaling $3,169,862 on the preference stock and existence of $842,000 in notes payable. Under the plan the present out- standing $3.50 convertible pr stock, plus accrued dividends, $3 preference stock (convertible 15 shares of common), with dividend cumulative from April 1, and 3; share | of common stock. Common stock would be mcre&wd to 750,000 shares from 500,000 and 100.000 shares of new prior preferred | stock, carrying a dividend rate of $2.50 a year, would be issued. Of the | into 123 shares of common. DOEHLER DIE CASTING OPERATES AT CAPACITY By the Assoctated Press. NEW YORK., April 24. —Doehler Die Casting Co. has been operating at capacity in April and company's out- look is favorable, H. A. Dochler, chair- man, told stockholders at the annual meeting level, he said lative disturbances, but he added the company’s labor relations were harmonious.” Profits for the March quarter were $351,957, equal to $1.25 a share on 280,426 shares of common stock. against $209,622 or 86 cents a sh on 206,195 common share in 1936 March quarter, after preferred divi- dends. e = BALTIMORE STOCKS atch to The Star Board Coml pf 43 ° U S Fidel & G CHICAGO STOCK MARKET | CHICAGO. April 24 (. —Following is the comp! official Tist of transactions in stocks the Chicago Stock Exchange todav: Bales STOCKS. High. Low. Noon. 100 Adams ~ Roy 2 100 Advance ~Alum_" 1014 A 100 Allied Prod A S7a 1014 600 Consumers _ 90 Consumers 6% pf 500 Cord Corp 50 50 Gen Finarce 200 Gen _Household 150 Gt Lakes Dredge g 150 Kellogg _Switch 80Ky Ut Jr cum pf 150 Ken-Rad T L 400 Kerlyn Oil A 100 La Salle_Ext 200 Lincoln Pr 100 Lincoln _Print pf 100 Lynch _Corp = 50 Manh Dearborn 300 Marsh Field 2 100 McQuay Norris _ 100 Merch ‘& Mirs A~ 1250 Mid “West Corp. 100 Midland Unit 150 Nat Leath = 100 Nat Pres Cooker 30 Nat Union Radio 150 Noblitt-Sparks 200 Nor Am Car 100 Norwest Bancorp 50 Parker Pen o0 Benn E1 Switch A 100 Penn Gas & El ) Swift Tnt ) Diah "Radio en “”II Wendall Ind\lil 300 Zenith Ri Stock tales todar. 125 TONS OF I.EAD SOLD. NEW YORK, April 24 (#).—The St. 3512 350, 24,000 shares. Joseph Lead Co. reports that 125 tons of pig lead from Southeast Missouri mines were sold yesterday at $5.85 ! per hundred pounds, St. Louis. 5 of the early maturity of $2,000,000 in | rence | would | be reclassified into one share of new | into | latter, each share would be convertible | May operations should be at a good | barring labor or legis- | 1937, March Car Sales Set New Records, Association Finds By the Associated Press. NEW YORK, April 24—Sales of motor cars and trucks in March set several new records, some for that month and others for any month, Alfred Reeves, vice president of the Automobile Manufacturers’ Associa- tion, reported. Preliminary estimates placed the industry’s domestic sales—exclusive of those of Ford, which is not a member of the association—at 480,253 cars and trucks, a new March high record, he said. Based on these figures, he esti- mated March deliveries were the fourti largest for that month Sales of trucks were put at & new monthly high First-quarter deliveries set new record for the period, Reeves esti- | mated, while retail sales of 1,041,301 | units also represented a new peak. Truck deliveries for the quarter were | placed ‘at 167,414, also a record. DU PONT EARNS 14,806,912 PROFIT Quarter’s Net Compares | With $13,391,299 for Same 1936 Period. Ev the Assoctatec. Press. | NEW YORK, April 24 —Report of E. 1. du Pont de Nemours & Co. of Wilmington, Del,, for March quarter | showed a balance available for com- mon stock of $14,806.572, equal to $1.34 a share. These returns included dividends from company's General Motors investment amounting to 22 cents a share of Du Pont common stock. For first quarter last year balance available for common stock was $13,= 391,299, equal to $1.21 a share. This | included dividends from General Mo- tors investment amounting to 45 cents a share on Du Pont common. Keystone Steel & Wire. Keystone Steel & Wire Co., Peoria 1N, reported for March quarter net income of $378,154, equal to 50 cents a share on capital stock, against $332.646, or 44 cents a share, in March | quarter last year. APRIL 24 72,840, Briggs & Stratton. Briggs & Stratton Corp., makers of automobile locks and portable gaso- line engines, reported for the quarter | ended March 31 net profit before Fed- | eral undivided profits surtax of $429,- | ‘1 0, equal to $1.45 a share on 297.149 capital st anding. This com- pares with $321,850, or $1.03 a share, in the corresponding quarter last year. The company’s plants are in Milwau- Kelsey-Hayes Wheel. Kelsey-Hayes Wheel Co., and subsid- | fary companies reported for the three | months ended March 31 consolidated net profit, after all charges mc!udmgi Fenm,n income taxes, of $177,67 61 cents a share on the Cm um This compares with net prnms | }mr the comparable period in 1936 of | $325.860, or $1.12 a share of Class “A." HEADS W}NCHESTER BANK. WINCHESTER, Va. April 24 (Spe- | cial) —Hollie B. McCormac, indus- trialist, was re-elected president of the Union Bank. Directors include Mr McCormac, J. Fred Thwaite, Charles | P. McVicar, John H. Rosenberger, Burr P. Harrison, Coleman Dunn, W. A. Bailey, Julius W. Richard and ‘ Liewellyn Jackson. { lNSURANCE STOCKS NEW YORK. April P —New York curity Dealers Association: Aetna Cas (2a) __ (1 H0y Globe & Rep (80) Globe & Ru Home Fire ‘Sec Home: or extras T paid so far this vear Also extra_ lared o REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9392 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files ‘Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eve S§t. NNW Phone NA. 2184 Money for Cnmmlctlon Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEL BORGER 643 Indiana Ave. N.W. Nat’l 0350 STOP PAYING RENT Buy Your Own Home Pay the same per month as you now pay in rent—own your home outright in less than 20 years. May we help? SHANNON & LUCHS Mortzage Loan Correspondents INVESTORS SYNDICATE 925 15th St. N.W. 1505 H St. N.W. Natl. 2345 FINANCIAL ELECTROLUX CORP. NETS |dated net profit of 765,369, after ail $768,369 FOR QUARTER By the Assoclated Press. WILMINGTON, Del, Electrolux (vacuum cleaners) reported consoli- | for the cqrresponding period last year. charges and Federal income tax and after making provision for estimates surtax on undistributed profits, for the 24— | fst quarter ended March 31. This | compares | with net profit of $722,472 April Corp. and subsidiary Property Management Automobile Insurance Insurance Fire and 7 Your real estate and automobile are Automobile safely covered when we write the in- surance—in the strong companies we represent. B: F. SAUL CO. National 2100 Insurance Facing, McPherson Sauare REAL ESTATE Consider These Facts When You Wish To Arrange A RIEAL ESTATE LOAN ® LOANS on improved or to be improved rea! estate— as low as - 37.50 per thousand per month”™ including interest and curtail . . . No commis- sions . No renewal fees. Let us help you solve your problem with a Pelpetua/ loan. PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United States. PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep in close contact with the officers and materially assist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. S. 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