Evening Star Newspaper, April 27, 1937, Page 20

FINANCIAL. RISE T0 12,770 Gain of 616 in Last Year Brings Highest Ratio in History. BY EDWARD C. STONE. Membership in the American Bank- ers’ Association has reached 12,770, a gain of 616 new members in the past year and 281 since last August, according to word brought back by Washington financiers attending the Spring council meeting of the A. B. A. at Hot Springs, Ark. The per- centage membership of banks in the whole country is 71.7, the highest ratio in the history of the association. Reports were made by Willlam F. Augustine, president of the national bank division; Noble R. Jones, presi- dent of the savings division; H. M. Chamberlain, president of the State bank division; Theodore P. Cramer, president of the State secretaries’ sec- tion; Blaine B. Coles, president of the trust division; Wood Netherland, chairman of the Committee on Bank- ing Studies; Robert M. Hanes, chair- man of the Committee on Federal Legislation; W. F. Keyser, chairman of the Insurance Committee; William R. Kuhns, editor of Banking: James E. Baum, head of the protective de- partment, and General Counsel D. J. Needham, head of the A. B. A. legal department, under whose direction the A. B. A. has been investigating postal savings, Government competi- tion and other problems in view to getting corrective legislation. The State bank, national and trust division reports stressed the progress of these divisions in covering prob- lems of members in their respective flelds. The State division’s report emphasized an opposition to measures designed to put branch banking on an interstate basis or to eliminate the dual system of banking supervision and control. Agent Wins National Honors. H. F..Gemme, general agent in ‘Washington of the Kansas City Life Insurance Co., has been selected by the home office from its entire agency force as the company's “all-star” salesman in 1936. The selection based on all-around excellence and includes service to policyholders as well as production of new business Each year the Insurance Salesman, | a life insurance trade journal, invites | each life insurance company to desig- } nate the outstanding agent as the all-star salesman for the preceding | year. The designation, therefore, is | very carefully made and considered & | distinct honor. Mr. Gemme is widely | known in insurance circles here and has represented his company for the | last 12 years. Maryland Bank Conclave Set. The Maryland Bankers' Association will hold it annual convention at At- lantic City on May 13 and 14, Secre- tary M. F. Reese announces. Harold G. Moulton, president of the Brookings Institute, Washington, will speak on | “Basic Economic Trends Today” and | another speaker from Washingion will | be Ben Johnson, special assistant to the Board of Directors of the Recon- | struction Finance Corp. The first speaker at the opening session will be Dr. Lionel D. Edie, New | York economist, who will discuss “The | Ever-Changing Investment Problem.” He will be followed by G. Fred Berger, | treasurer of the Norristown-Penn | Trust Co., Norristown, Pa., whose sub- ject will be “Some of Our Present-Day Bank Management Problems.” Howard W. Ruark, Salisbury Na- tional Bank associate president, will be in the chair. The largest attend- ance since pre-depression days is ex- pected and the financiers will go to Atlantic City on a special train. The dates are so arranged that the asso- ciation members can forget high finance part of the time and attend the Atlantic City Horse Show, the eon- vention being held a week earlier than usual for that reason. Speculation Ban Discussed. President Roosevelt's letter to the head of the Civil Service Commission placing & ban on speculation in the stock market by United States Gov- ernment employes was freely discussed in local brokerage houses today. General opinion here seems to be that any such rule would be vary hard to enforce, owing to the very thin line that divides speculation and invest- ment. Suppose a Government employe buys a stock at 20 and it advances to 50, it develops that he has a fine investment. But if he buys a stock at 50 and it drops to 20, he has what is usually termed a speculation. Bro- kers declare that a great many invest- ments prove to be speculations and many speculations eventually get into the investment class. Brokers do not believe that the President’s letter will make any ap- preciable difference in the total amount of stock and bond buying among the Government employes in Washington. Perhaps they will be a bit more cautious in what they buy, brokers said, commenting that cau- tion in market operations is always highly desirable for either traders or investors. Gockeler Attends Convention. C. J. Gockeler, an official of the Hamilton National Bank, attended the opening convention today of the United Btates Chamber of Commerce as one of the founders. There were about 15 of these charter members present from various parts of the country. Mr. Gockeler was very active in Board of ‘Trade work before entering the bank- ing fleld. At present he is one of the leading members of the Washington SBtock Exchange and a former presi- dent of the organization. Marshall Diggs, special assistant to the controller of the currency on the Board of Directors of the Federal De- posit Insurance Corp., told the Finan- cial Advertisers’ Association in Chicago the other day that interest on postal savings may be cut soon to a level more in line with rates paid by most banks on time deposits. He said the 2 per cent rate on postal savings placed the Government in competition with banks in some cities. He also pre- dicted no new banking legislation at this session of Congress. Exchange Trading Heavy. ‘The Washington Stock Exchange recorded another lively session today. Capital Transit stock opened at 131 and closed with a 2-share sale at 12%. Gas sold at 80% ex-dividend. Liberty National came out at 150 and American Security & Trust at 300. Mergenthaler moved at 46%. Traction 5s sold at 93%%. Charles R. Gay is slated to be re- elected president of the New York Stock Exchange at the annual meet- ing May 1J. ‘The Western Maryland Railway re- ports earnings of 69 cents a share on the common stock in the March quarter, against 8 cents on common & year ago. Prev. 1937 High. Low. 101 46 111 126 By Private Wire Direet te The Star. Stock and Dividend Rati 63% Acme Steel (4)-wcan 15 Adams Exp (a66c).. 3014 Addressograph (1) 2% Advance Rumely___ 6813 Air Reduction (+1)_ 3% Air-Way Electric__. 127% Alaska Jun (130e).. 3% Alleghary Corp_.—. 431 Alleg pf ww $30_ 43% Alleg pf ww $40____ 40% Alleg Corp pr pf____ % 858, Alleg Steel (b40c)-. %225 Allied Chem (8) __. 25 Allied Mills (b50c)_. 16% Allied Stores (bZOo) 801 Allied Strs pf (5) 631 Allis-Chalm (b50c)- 4% Amal Leather ____. 341 Amal Leath pf (3).. 98 Amerada Corp (2) - 83 Am Ag Chm Del bl._. 25% Am Bank Note (11)_ 58 Am Brake Sh (12)__ 97% Am Can (t4) = 51% Am Car & Foundry.. 72 Am Chain & Cabl__ 98 Am Chicle (t4)_____ 183% Am Colortype _ 25% Am Comcl Al a50c_— 25)%3 Am Crystal Sug b2_. 941 Am Crys S 1st pf 6. 8% Am Encaustic __. T% Am & Foreign Pwr_. 54 Am & For Pw $7 pf_ 20% Am & For Pw 2d pf_ 18 Am Hawaiian (1) . 613 Am Hide & Leather_ 37% Am Hide & L pf (3). 45% Am Home Pr +2.40__ 215 Am Ice 1314 Am Interntl (a40c) 43 Am Locomotive ___ 111 Am Loco pf (a3) 22 Am Mach & F (+1)_. 10% Am Mach & Met 60c. 49 Am Metals Z 9% Am Power & Light.. 55 Am Pw & Lt pf (5)_. 65% Am Pw & Lt pf (8)_. 22% Am Radiator t60c__ 331 Am Roll Mill t1.20_. 30% Am Safty Raz (12). 223 Am Seating (a2%)_ 41 Am Shipbldg (2). 821 Am Smelt & Ref(3). 105 Am Sm & Ref pf(6). 13815 Am Sm & Ref pf(7). 51% Am Steel F (b50c) 2% Am St F rts May 15 20 Am Stores (2) 475% Am Sugar (2) 2112 Am Sum Tob (1) 16412 Am Tel & Tel (9) . 78 Am Tobacco (5) 80% Am Tobacco B (5)_. 14% Am Type Founders_ 19 Am Water W (80c)- 9% Am Woolen = 64 Am Woolen pf (b1). 6% Am Zinc & Lead 523 Anaconda Cop (t1)_ 18 Anchor Cap (60c) ._ 106 Anchor Cdp pf 63 . 5% AP W Paper . ___ 40 Archer-Dan-M(t2)_ 107% Armour(Del)pf(7) _ 7 Armour of I11(b35c) 96 Armour(Il)pf(7) _ 591: Armstrong Cork(2). 127 Arnold Cnst b623¢._ 121 Artloom Corp - 17 Assoc Dry Goods 6915 Atch T &'S Fe(a2) . 9912 Atch T & S F pf(5) . 441 Atl Coast Line(al)_ 301 Atl Refining (+1).__ 111 Atl Refin pf (4)_ 16% Atlas Corp (80c) 50'; Atlas Corp pf (3) _. 113% Atlas Pwdr pt (5) 1413 Atlas Tack (1) Zh'u Auburn Auto Tls Austin Nichols 39 Austin Nich pf (1) 6% Aviation Corp Del - 7i Baldwin Loco (d) 86% Baldwin Loco pf(d) 6 Baldwinasd (d) .. 203 Baltimore & Ohlo 33% Baltimore & Oh pf__ 34 Barber Co (a75c) 38 Barker Bros pf 2% .. 261 Barnsdall (1) 16 Bayuk Cigar t75c__. 12% Belding Hemin (1) 21% Bendix Avia(b26c) 20% Benef Ind Ln (b95¢) Bethlehem (a1%) 18% Beth 5% pf (1) ____ % 119% Bethlehem pf (7)__. 52 Bigelow-San b50c 29 Black & Deck b50c__ 22% Blaw Knox (b20c) 28 Bloomingd'le b4 ¢ 33% Boeing Afrplane 407 Bohn Alum & B(3)_ 41% Bon Ami (B) (2%)- 25 Borden Co (1.60) 40 Borg-Warner (new) 8% Boston & Maine 15% Bridgept Brss(60c % Bridgp't Br rts Ap29 45% Briggs Mfg (12) __ 437 Briggs & Strat (3)_. 34 Bklyn-Man Tr (4) 88% Bklyn-Man T pf(6 4% Bklyn & Queens ___ 23 Bkn&QTpf(3) _ 34 Bkiyn Un Gas(1.60) 19% Brunswick-Balke _ 17% Bucyrus-Erie 3214 Bullard (b25e) . ___ 50% Bulova Watch (14)_ 28 Burr Add M (80c) ._. Tt Bush Terminal (d)- 24% Bush T Bldg pf(d)_. 13% Butler Bros (b15¢)_ 29% Butler pf (1%) _ 5% Butte Cop & Z(a5c)~ 22% Byers (AM) ____ 27 Byron Jackson (t1). 38Y Calif Packing (1%). 23 Callahan Zinc-Lead. 13Y% Calumet&Hecla (1). 29 Campbell Wy (+1)_. 271 Canada Dry G Ale__ 12% Canadian Pacific__. 15 Cap Adm (A)(al)._. 7 Carriers & Gen(bbc) 3138 Case(J 1)Co (4). __. 687 4 18% 3% % 6% 19% 33 0% 3% 8% 10% 27% 15% 135% 21% 92 851 Caterpillar Tr (12). 26% Celanese (b76c) ___.. 36% Celotex Corp _ 74% Celotex Corp pf(5) . 33% Cent Aguire (11%)_ 8 Central Foundry 15 Cent Violeta Sug-_. 67% Cerro de Pasco (4).. 16% Certain-teed Prd. 677 Certain-teed pf (6)- 351 Champion Pap (11). 57% Ches & Ohio 12.80 2% Chi Grt West (d) ___ 13 Chi Grt West pf (d). 2 Chi Mil St P&P (d) 4% Chi M St P&P pf(d). 3% Chi&NW (@) ___ 11% Chi & N W pf (d) .. 23 Chi Pneumatic Tool 61 ChiPnT pfbs7%c.. 24 Chi R [ & Pac (d) _. 5% Chi RI&P 6% pf(d). 6% Chi RI&P 1% pf(d). 20% Chi Yellow Cab (2)_ 12% Childs Co 5 110% Chrysler (b1%) 18% City Ice & Fuel (2)- 85 CityIlce& Fpf 6. 10% 8 City Stores ___ 38% 32% Clark Equip(t1. 60) 113 105 Clev ElIllu pf 4% .. 44% 35 Clev Graph Br (2) .. 98% 178 Cluett Peabody (3). 130 7% 126 Cluett Peab pf (7). 170% 122% Coca-Cola (12) 25% 62% 19% Colgate-P-P(150c) .. 53 Collins & Atk (t2)_. 112% 108% Collins & Ak pf(5). 51% 30 20% 101 39% 46% 69% 80% 120 39 Col Fuel & Iron(bl) 22 Colo & South 1st pf. 13 Columb G & EI(40c) 90% Col G & E pf (5)____ 32 Columb Pio vtc (1) 41 Columb Pic pf(2%)- 56% Comecl Credit (t4)__ 64 Comel Inv T (14)___ 104 Comel Inv T pf 4% _ 21% 15% Comcl Solv (160c) .. 4% T5% 45% 19% 22 95 49% 108 5% 18% 13% 1T% 15 13% 52% 37% 3% 5% 69% 256% 2% 2% Comw & Southern_.. 54% Comw & Sou pf(3)_. 36% Congoleum-Nrn(2). 15% Congress Cigar(a2). 16% Conn R & L pf - 83% Con C pr pf ww 634 37 ConsEdisN Y(t2)_. 104% Cons Ed N Y pf(5).. 3% Cons Film _ . ____ 14 Cons Film pf (a2) .. 9% Cons Lalindries.... 15% Cons Oil (80c) 7 Col 814 Co Textile (d) ... Coal(Del)vte_ 20% Container Corp 1.20. 24 Contl Baking (A)... 3 Contl Baking (B)... 56 ContlCan(3) ___. 20% Contl Diamond (2) .. 37 Contl [nsur (11.60). Bales— Add Ofl. High. Low. Close. chll 80 25 [ WRATND~DOA DA o wwedi D e, B aZ~RaaSo~nn~ R 0 S 111 80 8 33 Cons Coal Del vte pt 270 72 14 85 37 4 233 25 165% 81 Higa. 3% 4% 35% 77 1% 10% 5614 37 28% 100% 264 108% 81% 3 9% +2% 233 kel 25% i W 1T + % 14% 127 81 43 66% +1 6% + % 40 +1 99 +1 88 26% . 59% +1% 100% +2% 109 137% 31% 29 58% 24% 1462 12 26 3614 23 180% 135% 115% 17 175% FhEE L 43% 413, 1074 521 46% 1265 647y 44 33 444+ - 601y 19 110 5% " = FEOEFE a0 2 o e 8 B ) TS S I++1 64y 39 167 111 4% 36 20% 31 5814 17% 106 8 109% 15 395 135% 6T% 111 52% 120% 30% 43% 114% 431 5 SRR AR FEFP F s I ++ *£F = 38 22Y% 4% 144 131% 33% 13% 11% 284 9% 111% 162 16% 15% 18% 3% 24% 18 9 121% 107% 30 156 136 46 121 29 23% 19% 109% 3% + “ 187 Y NG _STAR, WASHINGTON, D. C, ABANENBERS [TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1937 Stock and Low. Dividend Rate, 21 Contl Motor: 40% Contl Ol Del "l)‘- 26% Contl Steel (b50c) ... 637% Corn Ex Bank (3) .. 350s 59% Corn Prod Re€ (13 6 Coty Ine.. 46 CraneCo ._ 291 Cream of Wheat(2). 21 Crosley Radloall . T0% Crown Cork & 8(2). 17 Crown Zeller (new) 99 Crown Zell cu pf(5). 51 Crucible Steel 1% Cuba Co. 9% Cuban-Am Sugar . 110 Cuban Am S pf b2% 39% Cudahy Pkg (234) .. 15% Curtis Publishing.. 614 Curtiss-Wright____. 181 Curtiss-W (A)a50c_ 80 CushmanSpf3%_ . 19% Davega cum pf 1% . 100 Dayton P&L pf 4% 104% Deere&Co . 29 Deere & Co pf 1.40_ 22 Deisel-Wem-G(t1)_ 4214 Delaware & Hudson. 1714 Del Lack & West . 122 Detroit Edison (t4). 9% Det & Mackinac. . __ 20% Det & Mackinac pf 30% Diamond Match (11, 21% Diamond T Mot b25¢ 22 Distil Corp Seag 20% Dixie Vortex(1%) __ 36% Doehler Die Cast(2) 41% Dome Mines (12) 10 Dominion Stores__... 541 Douglas Afrcraft__. % Duluth S S & Atl 5% Dunhill Internatl 1524 Du Pont (b75c) 1311 Du Pont deb (6)_ 112 Dugquesne 18t (5) 1% Eastern Roll Mill 155 Eastman Kodak( 150 Eastman Kod pf(6)- 31% Eaton Mfg (2) ____ 117 Eitington-Schild 227 El Paso Nat G 1.60 374 Elec Auto Lt 12.40._ 11 Elec Boat (a60c)___ 474 Elec&Mus 1 (al18c)— 19 Elec Pow & Light__. 75 Elec Pw & Lt $7 pf_. 39% Elec Storage Bat (2) 1% Elk Horn Coal (d) .. 5 Elk Horn Cl pf (d) _. 4 108% Endicott-Jhn pf(5)_ 6% Equitable Office B_. 137 Erfe RR____ 26% Erie RR 1stpf_____ 28 Evans Prod (t1) ... 4% Exchange Buffet.__ 3!3 Fairbanks Co - 20% Fairbanks Co p 52 Fairb'ks-Morse (t1) 531 Fajardo Sug Co (b1) 7% Federal Motor(40¢c). 5'2 Fed Screw Works__. 4l Fed Water Sve A 34 Fed'd Dept Str(2) ._ 377 Fidel Phoenix 11.60. 32% Firestone T&R (2)_ 108! Firestone pf A (6) . 461 First Natl Strs 1214 34 Flintkote Co (1) _. 46 Florence Stve b50c_ 6% Follansbee Bros(d). 47'3 Food Machine (1) _. 43 Foster-Wheeler 12 Francisco Sugar 67 Franklin S pf(a5%) 26' Freeport Sulph (1) 45, Gabriel Co (A)_ 2 Gamewell Co 4 Gar Wood Ind asc_ 21y Gen Am [nv(a75c) _. 69% Gen Am Trans (a3). 13 Gen Baking (160c)_. 914 Gen Bronze X 25% Gen Cable - 1143 Gen Cable pt (I'I) 5013 Gen Electric (b40c) JS‘. Gen Foods (2) ____ Gen Gas & Elec(A) Gen G&E 6% cv ptA 60 Gen Mills (3) 55% Gen Motors(b25e) . 114'3 Gen Motors Df(SY.. 10% Gen Outdoor Adv__. 4512 Gen Outdoor Adv A_ 15 Gen Print Ink new _ 1074 Gen Prnt Ink pf(6)_ 4 Gen Pub Service 45 Gen Ry Signal (1)_. 3 Gen Realty & Util _. 361% Gen Realty & U pf__ 60 Gen Refract (a3%). 70 Gen Steel Cast pt __ 26 Gen Thea Eq(b2se). 37 Gen Time Instru t1_ 15% Gillette S R 20'x Gimbel Bros 833 Gimbel Bros pf(6) 42} Glidden Co (2) - 54 Gliddencv pf(2%) 4% Gobel (Adolf) - 613 Goebel Brew (120c). 31 Goodrich(BF)(al)_ 7913 Goodrich pt (5) 27% Goodyear T & R bl 100 Goodyear cu pf(5).. 3 Graham-Paige 613 Granby Cons 164 Granby rights A\’l 26 3% Grand Union ctfs . 203% Grand Union pf(bl) 33 Granite City Sti(1)_ 41 Grant (WT) (11.40) 40% Grt Northern pf ___ 19 Grt Northn Ore (1) 35 Grt West Sug 12.40_ 138 Grt Wst Sug pf(7) .. 59% Green Bay & W b2 14 32% Green H L (11.60) _ 13% Greyhound (180c) .. 10%; Greyhound pf(55¢) 3 Guantanamo Sug. . 26% Hack W pf A (1%). 131 Hall W F Print 25% Hamilton W (b65¢). 43% Harb-Walker (12) . 1312 Hat Corp of Am 80c. 1027 Hat pf ww (6%3) - 5% Hayes Body o 101 Hazel Atlas Gl (15). 13 Hecker Prod (60c)-. 28% Hercules Motor(11) 1281 Hercules Pdr pf(6) - 58Y% Hershey Choc (13) .. 102% Hershey Ch pf(t4)_. 39% Holland Fur(al)- 105% Holland Fur pf(5) .. 21 Hollander & Son(1). 31% Holly Sugar (12) _. 111% Holly Sugar pf (7)- 355 Homestake (112) . 37 Houd-Hersh A(2%) 21% Houd-Her B (1134). 57% Household Fin (4) _ 88% Househ’ld Fin pf(5) 12% Houston Oil vte 62% Howe Sound (t3) __. 3% Hudson & Manhat. 10% Hudson & Man pf_. 18% Hudson Motor 3% Hupp Motor (new) .- 22% [llinois Central __.. 12% Indian Refin (a1) 36% Indus Rayon (2) _ 128 Ingersoll Rand(12). 111% Inland Steel (4) . 22% Inspiration Cop % Inter Rap Tr vte(d) 4% Intercontl Rubber_. 16% Interlake Iron 5 Intl Agricultural 99% Intl Harvester(214) 146 Intl Harv pf (7) ... 8% Intl Hydro E1 A _.. 6% Intl Mercantile M__. 117% Intl Mining (a%0c). 58% Intl Nickel (b50c) .. 16% Intl Paper (A) oo 10% Intl Paper (B) .ccee 5% Intl Paper (C)aeae. 90% Intl Paper pf __ 41 Intl Print Ink ('2) 614 Intl Ry Cent Am vte 46 IntiRyCAmpfA_. 45 Intl Shoe (12) - 90 Int Silver pf (b4)_. 11% Intl Tel & Tel e 26 Interstat Dp St b23% 103% Inter Dept St pf(7). 25% Island Creek (2) 126 Johns-Manv (13) 123 Jon&L 7% pf(b1%) 35% Kalamazoo 8 (t1) 115% K C P&L 1st pf B(6) 20 KansCity South _. 17 Kelsey-H A (a1%)_. 14% Kelsey-H B (al3).. 102 Kendall pf A (16) . 53% Kennecott (b50c) 17% Keystone S&W b30o 88% Kimberly Clark(1). 5% Kinney (G R) Co. 4T% Kinney pf (1) _ 24% Kresge S 8 (b30c).. 34 KressSH (1.60) 22 Kroger Groo (11. 26% Laclede Gas pf . 18% Lambert Co (2) . 17 Lee Rubber (50c) ... 87% Leh Port Cmt 1% _. 2 Lehigh Valley Coal. 10% Lehigh Val Coal pf_ 17% Lehigh Valley R R.. 118 Lehman Corp (13) .. Bales— 2 120 Net, . High. !n' Close. chge. 2% 2% 24 43% + % 3% + % 6415 —1% ot T+ i+ 1+ 144110 .’(' 3l 20% 21 35 35 401 40Y% 49% 50% 21% 22 — 35 .{5% 1377 60 323 13% 10's 104% +6"/- 581 + 14 28% 28% + % 127% 129 +3 127% 127% 127% +1 36 35% 36 + % 118 120 +3% 23% 23 17% 14% 18% 122% 119 122% +2 Prey, 1937 High. Low. _ Dividend Rate, 21% 16 Lehn & Fink b6215¢ 58% 48% Lerner Stores(t2)_. 79 64% Libbey-Ow-F b75c. 15% 9% Libby McN & L(al). 114 96% Ligg & Myers B t4._. 23 21% Lily Tulip (113%)_.. 831 59 Lima Locomotiv 61 52 Link Belt (12) 537% 43% Liquid Carb (2.50) 84%a 64% Loew’s Inc (12)_ 3% 23 Loftlnc..____ 75% 56 Lone Star Cmt b75c. 10% 6% Long-Bell Lumb(A) 43% 35 Loose-Wiles (2) . __. 109% 106 Loose-Wiles pf(5) .. 28% 2214 Lorillard P (11.20)_ 147% 138% Lorillard P pf (7) .- 28% 19% Lou Gas & Elec (A). 41% 29% Ludlum Steel (t1) 161 McCrory Stores __ 20% McGraw H P b273%0. 5 Mclntyre Porcu(2) 323 McKeesp't Tin Plate 12% McKesson & Rob __ 45 McKess & Rb pf(3). 14% McLellan Strs b75c. 5103 McLellan St pf (6)_. 42% Mack Trucks (11) 46% Macy (R H) (12) _ 11% Madison Sq G(80c) - 48 Magma Copper (2)._. 16 Manati Sug pf (d) Man El md gtd (d) .. Manhat Shirt (1) 4 Maracaibo Ofl Exp_. Marine Mid (t40c) .. Market St Ry . Market St Ry pr pf. Marshall Field _ %4 Martin (Glenn) Martin-Parry .__. Masonite (11) Mathieson Alk (115) 4 May Dept St (12) Maytag Co (ablc) Mead Corp Melville Shoe (t5) .. 4 Mengel Co Mengel 1st pf (215) Mesta Mach (b1% Miami Copper Mid-Cont Pet al.15_ Midld Stl Prod (+2)_ Midld Stl 1st pf(8)_. Minn-Hon Ros (2)_. 16% Minn Moline Pow ._ 34 Mission Corp (a45c) 9%, Mo Kans & Texas 3454 Mo Kans & Tex pf A 614 3 Mo Pacific (d) 12% Mo Pacific pf (d) Mohawk Carp(1.20) Monsanto Chm(ti). Montg Ward (12) _ Morris & Esx (3 4 Mother Lode al2l;c Motor Prod (12) _. Motor Wheel (1.60) Mueller Brass (11)_ Mullins B (a50c) . Mullins pt (7) Munsingwear (3) __. Murphy rts May 10 Murphy 4 Murray Corp(asoc). Nash Kelv (1) . __ shv Chat & St Li_. Natl Acme (a7ic) .. Stock and 26' 35% 481, 122 116% 120 100 Natl Bnd&1 pf A(5)- Natl Cash Reg (1) . \u!l Dairy Prd 1.2 stillers(t2) _ & Stpg (2)- 2 Nat'l Gypsum Co Natl Lead (¥50c) _ Natl Mall & S C b50c tl Pw & Lt (60¢)_ Natl Ry Mex 2d pf 70 Natl Steel (12%)_. 62 Natl Supply Co 9 Natl Tea (60c) 10% Natomas (180¢) _ . 54'5 Newberry JJ 12.40_. 2914 Newport [nd(b50c) 40 N ¥ Central 21032 N Y Cent rts Mayl_. ¥ Y City Omnibus N Y Dock N Y Dock pf - N Y Investors Y NH & H () NY NH & H pf (d) .. N ‘; Onmrm& w 102 111 4% 3 114 102 i™h 121K 3 247 Norfolk South (d) Norf & W pf (4) North Am Aviation. North Am Co(b30c) 51% North Am Co pf (3) 2Ty Northern Pacific __ 31 Norwalk Tire & R__ 281, Norwalk Tire pf.__. 17% Ohio Oil (a60c) 5315 Oliver Farm Equip_ Omnibus Corp vte 5 v (60c) 4 Otis Steel o « Owens-111 Glass (3 Pacific Am Fish 1.20 Pacific Coast 4 Pacific Coast 1st pf 24 Pac Finance(t1.80)_ 301 Pac Gas & Elec (2)_ 4314 Pac Lighting (3) . Pac Mills (b50c) _ Pac Tel & Tel (8) _ Pac Tel & T pt (6) . Pac West Oil(a6sc) Packard Mot (b15¢) Pan Am Pet (a60c) Panhandle P & R Panhandle P&R pf_ Parafiine Co (b1)__. 28% 21% Paramount Pic _ 200'; 153 Paramnt 1st pf (6) .. 26%, 19% Paramnt 2 pf 60c__ 341 284 Park & Tilford (2)_. 81 4% Park Utah 38 Parke Davis (b1). 247 Parker Rust (1%). 5 Parmelee Trans____ 7% Pathe Film Corp_ 1414 Patino Mines(160c). 33 Peerless Corp 431 Penick & Ford (13)_. 951 Penney J C) (4) _.— 4% Penn Coal & Coke _. 73 Penn Dixie Cement.. 22 Penn G1Sd ctas0c . 39% Penn Railroad (a2). 49% Peoples Drug (t1)_. 47 Peoples Gas Chi 17% Petr Corp Am a90c._.. 10 Pfeiffer Brew béc . 13814 47'% Phelps Dodge b35c.. 50 Phila Co 6% pf (3)- 914 Phila Rap Tr pf(d)- 1% Phila Read C&I (d)- 70 Philip Morris(b3%) 13% Phillips Jones ._ . _. 49'5 Phillips Petrol (2) - 163 Pierce Oii pf 33% 284 Pilisbury Flour 1.60 20 131 Pitts Screw&B blbe 122 100 Pitts Steel pf 59% 20% 8% 3% Pitts United 137% 109% Pitts United pf- 4T% 31'% Pitts & W Va 3 2% Pittston Co = 29% 24% PlymouthOil (1) . 21% 187 Pond Creek Poc (2). 33% 24 Poor & Co (B) 11% 6% Porto R Am Tob A_ 15% 8% Postal Tel&C pf(d). 31% 22% Pressed Steel Car _. 65% b55% Proctor & Gam(t2). 52% 417% Pub Sve N J (2.60) .. 112% 100% Pub Sve N J pf (5) .. 72% 58 Pullman Inc (1%)_. 243 19% Pure Oil - 112% 108 Pure Oil 8% nf 23% 17% Purity Bak (60c) 18% 16 Quaker State O b4 e 12% 9% Radio Corp 2 80 70 Radiopf A (3%4)___ 7% Radio-Keith-Or (d). 14% R R Sec Il1 Cent . __ 30% Raybestos M (113%) 39 Reading RR (2) __. 9% Real Silk Hoslery._. 2% Reis (Robt) 22% 18% Reliable Str (a50c) . 35‘/, 30 Reliance Mfg (t60c) 29% 21% Rem-Rand (t60c) .. 110 100 Rensselaer & S(8)._. 9% 5 Reo Motor Car - 47% 27% Republic Steel 124 109 Republic pf (b135). 49% 33% Revere Copper - 98 71 Revere Copper(A).. 95% 91 Revere Cop pf 5% - 30% 24 Revnolds Met (11)-. 34% 24% Reynolds Spr (t1) . 58 50 Reynolds Tob B (3). 86% 65% Roan Antel (al.12)_ 46 381 Safeway Stores(t2) 113 108% Safeway Str pf(6)._. 10% 25% 3% 47 13% 4% UESDAY Bales— Add 00, 2-32 Pfeiff Br rts May 13. i ) - 108 113 3 Net High. Low. Close. chge. 1% 17% 17% 49 49 49 65% 66% =% 4 1031% 5113 483, 1414 481y 20 9% 104 104 > 14% 195 18% 4 4 11 107 : 101 6% 18% 4 11 101 110 188 9% 30 301 140 140% 134% 134% a e oo e O O OANNIR DN DTN A D b - % 5474 417 1T + 3| 29 53 157 100% 101 5% 5 5% 113 113 —16 % 38 3Th 41 - % 15 16 100s 101 +1 200s 24% 50% 5 62 7 38% 384 38% 90s 108% 106% 106% =1% Prev. 1 65 4% 1% 2T% 120 14 17% 347, 100t 109 11% 2315 4% 11% 831 57% 167% 6219 3T 142 101% 115 40% M High. Low. 113 110 2100 147 not including _extras. mpantes APRIL 27, 1937. 937 Stock and Dividend Rate. 43% St Joseph Ld(b50c) 3 StL-San Fran (d) .. 6% St L-San Fr pt (d) 1414 Savage Arm (al) __ 4213 Schenley Dist(b75¢c) 2 Schulte R Strs (d) - 17 Schulte R S pf (d) 1% Seaboard Air L (d). 6 Seaboard A L pf(d). 40Y% Seaboard O1l (1) &1 Sears Roebuck (3) 2714 Servel Inc (11) _ 29 Sharon Stl (11.20) 102 Sharon Stl pf (5) 10 Sharpe & Dohme 14'% Shattuck F G (60c)_ 267 Shell Un Oil (aZbe) . Simmons Co (b50c) - 313 Simms Petrol .___. ss-Sheff pf (6) mith (A O) outh Port Sug( 30 Porto Rie S pf ( So Cal Edison 1113 _. outhern Pacific. outhern Ry Southern Ry pf.. spalding (A G)_. palding 1stpf ___. Spang Chal pf b1 64 Sparks- Withing pear & Co (ailc) Sperry Corp vic(al) Spicer Mfg (a3) __ Spicer pf A (3) . Spiegel, Inc (1) cum pf (414 Square D (B) bzse Stand Brands(+80c) Stand Brands pf(7) Stand Oil Ind (1) Stand Oil N J (11) __ arrett L S(11.40)_ Sterling Prod 13.80_ Stewart-Warn t50c. Stokely Bros (1) ._ ' Stone & Web(a2ic) . Studebaker Corp_ Sun 01l (11) " Superior Oi) _ Superior Steel Sutherland P 11.60.. Sweets Co of Am Swift & Co (71 D'z Swift Intl Ltd (2 7% Symington ww bl0c 2% Symington xw bl0c. 1% Talcott (J) b3o0e 67x Telautograph(60c) . 11% Tenn Corp (albc) 50% Texas Corp (2) as Gult Prasc _ exas Gulf Sul (12) % Texas & Pac It R 131 Tex Pac C&O blbe - 11's Texas P L T (allc). 85 The Fair pf (7) 10 Thermoid Co - 5 Third Avenue 10 Thompson J R $50c. Thomps'n Prod bdte 2 Thompson Starrett Thompson Star pf Tide Wat As Oil 80c Timken Detroit t1 : Timken Roller B(3) 147 Transamerica t40c 2 Trans Wst Air aZic Transue & W (160c) 8% Tri-Contl (ab0c) _ 813 Truax-Traer(b25c) 33% 20th Cent Fox b50c 42% 20th Cent F pf(133) 11 TwinCity R T 167 Twin Coach (bl5c)_ 0) . 1 1 1 Und-Ell-Fisher (3). Union Bag & P (2) Union Carb (3.20) ' Union Oil(Calif)1.20 'z Union Pacific (6) Union Tnk Car 1.60 Utd Aircraft(a50c) Utd Air Lines a20c_ Jtd Biscuit (1.60)__ 113'3 Utd Biscuit pf (7)__ Utd Carbon (4) _ 5% Utd Corp (a2oe) . 40 Utd Corp pf (3) ___ 124s Utd Drug (a75c) . 1815 Utd Dyewood (1) Utd Eiec Coal 5 Unit E1C rts May 14 Utd Eng & Fy (12) . United Fruit (13)__ 2 Utd Gas Imp (1) 613 Utd Paperboard 1312 U S Distributing pf._ 17 US & For'n Secur _ J For'n 1st (6) ‘reight (t1).__ Gypsum (+2) __ Gypsum pf (7). Hoffman 5 J S Indus Alcohol.. J S Leather vte __ S Leather(A)vte. SL'h'rprpfbly U S Pipe & Fdry(3). 11'; U S Realty & lmDu 4414 U S Rubber U S Rubber 1st pf__ 139% U S Steel pf (7) - Unit Stk Yds (50c) - 2 Utd Str pf a14.81% Univ Leaf Tob (13). T (A)(d). Vadsco Sales Corp_. Vanadium Corp Van Raalte(b6215¢) 2 Vick Chemical (12). Va-Car Chemical _ Va-Car Chem 6% pf Va El & Pw of (6) Va Iron Coal&Coke Wabash (d) V.abash pf (A)(d) - Waldorf Sys(t1.20) Walgreen Co (2) Walker (H) (2) Walker (H) pf (1) Walworth Co 2 Ward Baking (A) ._. 14 Ward Baking (B) Ward Bak pf(b13%) Warner Bros Pict Warner Bros Pic pf Warner-Quinlan(d) Warren Bros (d) Warren Fdy&P(11) 2 Waukesha Mot (1) 4 Webster Eisenlohr 2 Weils Fargo Wesson O&S (150c) Wesson O&S pf (¢) . West Penn El A (7) West Penn El pf(6) West Penn El pf(7) Western Maryland . Western Md 2d pf__ Western Pacific Western Pacific pf.. Westn Un Tel (3) Westingh'se A B(1) Westingh'se El (b1) Westhse st pf (b1) Weston Elec(A)(2) Westvaco 5%pf 13 Wheel & Lake Erfe. Wheeling Steel White Motor = White Rk M S(1.40) White Sewing Mach Wilcox Oil & Gas __ Wilson & Co (50¢) . Wilson & Co pf (6) - Woolworth 2.40) Worthington Pump Worth Pump pf(A) Worth Pump pf(B). Wrigley W ir (13) Yale&Towne(t60c) 0% Yellow Tr & Coach 125 Yel Tr & C pf(bl%) 40 Young Spr& W(t3)._ 7514 Yrstn S&T (b75¢) 9915 Ygstn S&T pf (534). 31 Zenith Radio (b1)__ 6% Zonite Products 102 8% 17% 21 T 61% 44 130% 3613 301 510,000 . 950,000 FINANCIAL. Bales— - Add 00. High. Low. Close. chn Safeway Strs pf(7). 270s 111 i6 54 831 50t 36% 104 85 691y 50 29% 128 40% 89 100 24 34y 5 6% 12:00 Noon 2:00 P.M 110% 111 - *»-. 52% 52% — | 3 Bla 4+ 4 Ty » 21 STOCKS RECOVER FRACTIONS 1083 |Short Covering Apparent Along With Buying for Quick Turn. Stock Averages 285 +1% IHZ “ 1051 39 T 112 30 18 15 60 Indus. Rails. Util. Stks +10 +9 +3 +38 913 444 442 677 903 435 439 669 Month ago. 976 47.7 472 Year ago .. 78.8 32.7 4438 8 1937 high.. 1016 495 54.0 3 1937 low... 903 378 439 9 1936 hlgh 993 435 53.7 728 9 7 8 Net change. Today, noon Prev. day. . 1936 302 434 5 1932 - 1715 87 239 1 1929 high.. 146.9 153.9 184.3 15 low._. 516 953 61.8 6 5. 6. 7 1 1927 (Compiled by the Associated Press.) BY VICTOR EUBANK, Assoclated Press Financial Writer. | NEW YORK, April 27.—Stocks re- | gained balance in today's market and numerous issues retrieved fractior to around 3 points of severe losses s fered in the previous session Brokers attributed the comebac rally to the belief the list had by oversold. Considerable short cover- ing was noted in most board rooms and buying for a quick turn aided the recovery. The pace was sufficiently speedy at the opening to put the ticker tape be- % hind for a time. @57s 40 66% Activity, however, slowed to a com- fortable Jog later and extreme gains Were cut down in many instances be- | fore the close. | A break in Vienna and Budapest | markets tended to keep some traders on the side lines, but stocks improved in London and other centers. Steels pointed the way to the re- covery route in the early proceedings. Motors soon climbed aboard, along with selected rails, rubbers, oils, farm implements and specialties Transfers were in the neighborhood 1,400,000 shares. | Alleghany Corp. stocks pushed to the fore following announcement of the sale of the top holding company of the former Van Sweringen rail prop- erties to a New York group, Phillips Petroleum was a lively galner when the company’s board voted an extra dividend and revealed | earnings for the first three months at $1.26 a share compared with 76 cents in the same 1936 quarter. Oufstanding on the upward reversal were United States Steel, Bethlehem, Youngstown Sheet & Tube, R,epub. General Motors, Chrysler, Santa Pe, Y. Central, Southern Pacific, G“ of ‘\I\Ur.flfi‘fl\ Southern Railway, Northern 108 16175 +514 100 334 6 100 3% + 4 6l + % Approximate Sales of Stocks on the N. ¥. Stock Exchange. 11:00 P.M. _ 1:00 P.M. ___ 780,008 1,110,000 Total Sales for the Day 1,410,000 Dividend rates as given in the above table are the annual Unit of trading less than a Paid reported 1o ividen 100 last receivership or vear. shares. b cash’ payments based on the latest quarterly or half-yearly dec- larations tAnnua; rate— Paid this year reorganized Experienced Advertisers Prefer The Star ‘ ¥ Pacific, U. S. Rubber, Goodyear, Good- rich, Texas Corp., Seaboard Oil. Co | nental Oll, Deere, Oliver Farm, In ternational Harvester, Sears Roebuck,, | Montgomery Ward, Douglas Aircraft, | American Smelting, Consolidated Edi- i<0n Electric Power & Light, Public | Service of New Jersey, American Car, | Westinghouse, General Electric, Du Pont, Liggett & Myers “B,” Loew's, | Celanese, Eaton Mfg. and American Shmhufldmg American Telephone was a trifi back“ard and National Dairy dipped a shade to a new )cars low. NEW YORK COTTON v the Associated Press NEW YORK, April 27.-—May liqu | dation on first notice day depressed cotton futures in the early trading to- day, but the market turned steadier as leading spot houses were credited with stopping the notices after May had sold off to a discount of 15 points under July. % The steadier tone of other markets brought in some commission house buying and July advanced from 13.01 | to 13.21. In midafternoon the market was within a point of the best and prices showed net gains of 9 to 17 points. | Futures closed steady, 14 to 3 May | July October December | January | March Spot steady; middli Cottonseed Oil Bleachable cottonseed oil futures closed firm, 3 to 9 higher. Sales, 351 contracts, including 86 switches. b—Bid FREIGHT LOADINGS. NEW YORK. April 27 (P —Revenue freight car loadings on railroads reportin today for the week ended April 24. in- cludey Atchison Chi & N'thwest'n Southern Pacific 3K.053 METAL MARKET. NEW YORK = Avril (# —Copper rolytic spot and future, 14.5( ). Tin . spot and futy Iron. aluminum, antimony, Iver and platinum uvrnnnxrd MONTREAL SILVER MONTREAL. Aoril tures opened ensier 44.60: " July, 41 b—Bid. FILM SHARES OFFERED NEW YORK, April 27 (/) —J. A Sisto & Co. today offered publicly a | new issue of 350,000 shares of com- mon stock of Monogram Pictures Corp. at $3.75 a share. BONDS Suitable for INVESTORS The recent severe re- action in bond prices makes it opportune for investors seeking income to purchase many issues from five to ten points under previous quotations, List available upon request GILLET X co, Woodward Building National 2460