Evening Star Newspaper, April 27, 1937, Page 21

FINANCIAL CURB SHARES UP FRACTIONS T0 §1 Specialties, Oils, Utilities Join Movement to Higher Levels. By the Associated Press. NEW YORK, April 27 —Specialties, oils and utilities pushed ahead frae- tions to a point or more in the Curb Market today. Following Monday's drop of 19 points, Aluminum Co. of America re- bounded around 7 points. In demand were American Cyana- mid “B,” American Light & Traction, Electric Bond & Bhare, Creoleo Petro- leum, McWilliams Dredging, Niagara Hudson Power, St. Regis Paper, United Gas, Pantepec Oil and Wayne Pump. Down fractions to around a point were Babcock & Wilcox, Newmont Mining, Sunshine Mining, Sherwin Williams and American Gas & Electric. CURB BONDS DOMESTIC BONDS. Al Power 4'.5 Ala Power 5s '4 n Tl 5izs '42 Citles Svc 55 50 PN a93, (\(n 88 7 100 10031 Georgia Pw Georgia P&L s Gobel Inc 41 41 {1 Pw & L b5 Il Pw & Lt 5las ndianap Gas 5s ndrap P&L ntl Securities nterst Pw ¢ 10914 10815 nnn 10434 v & Lt McCord Rad fs Meirop Edis 45 ' o Py § Okla N G Pac Invest P Phila Rap T 6s ‘2 Portland G & C 6s Potomac E 4155 Pub Ser N J & Pub S No Tl 5s m o Pub S Okla is 10013 T001¢ 1053 1033 < 04 Siand Pu & Texas Elee :{:E‘X dWEdA' L 5s oledo Edis 856 Tw®in C R T 5'% e 55 4] Fork Rwy ' co 8s it FOREIGN Chile M B 8s '31 mat Cuban Te 7 n omeran Kl ussian 53las 121 mu Russian (58 b0 ma Dnit Ind O'p A).< g1 Onit B Sve 7s 56 A ®w—With warrant. xw—Without New (stp) —Stamped M1ty impairen by mathrity. es Teported in receivership. —_— INSURANCE STOCKS NEW YORK. April o7 &ecurity Dealers’ Aetna Cas (2a) Aetna Ins (1 60) Aetna Life (R0a) Am Eauit (1.60a) Am Ins Newark Am Reins (.40g) Am Reserve (1a) Am Surety utomobile alt Amer Carolina () —New York Association Asked. 101 45 Al aa) (208) - Y a Conn Gen Lit ( Gontin cas” (1 Fid & Dep \eren’s Nwk rank Fire Gen Reinsur (2) Glen Palls (1.60) Globe & Rep (.80) Globe & Rut Great Amer (1a)_ _ Hanover (160) _ Harlford Fire (2) - Home Fire Sec _ Home Ins (1) Homestead (1) aryland Cas ncoln_Fire ass Bond (3%)_ {‘ (.20a) T e¥ Hampshire (1.60) - 0n) 8 Fire (2) Westchester (1.2 ot E Deciared or baid se'far this year. ZINC OUTPUT GAINS. NEW YORK. April 27 (#).—Do- Mestic zinc production in 1936 totaled 685,000 short tons, compared with 473,000 tons in 1935 and 359,000 in 1934 the American Bureau of Metal Btatistics reported. The 1936 total was the largest for any year since 1929, When the output was 631,000 tons. MONEY MARKET. NEW YORK April 27 (#).—Call money steady; 1 per cent all day; prime commer- | gial paper. 1 per cent: time loans steady 80-00"Gays 1 PrT 48 months. 155 per con bankers' “accepfances unchanged: re tount rate, New York Reserve Bank. 1'g § ar et NEW YORK CURB MARKET By private wire direct to the Star. All time shown below is on which the Exchange 2:30 Slockand Sales— Dividend Rate. Add 00. High. Low. Olost Acme W vio (3)._100s 45 45 45 AeroBupply (B).. 2 &% 4% Air [nvestors Inc.. Afr Inv Ino war Ala Pwr pf (6) .__ 20s Alum’n Co of Am 12604180 Alumn Goodsb2ie 1 17 Aluminum Ltd 5508 10534 Alm Ltdepfbllg. 3 1284 Am Aflrlines. Inc_. 3 23§ Am Beverage __. 1 2j3 Am Box B'od (1).. 12 22 Am CItP&L B a20c 43 Am Cynam B t60c. 2874 Am Dist T NJ pf 7 125 Am Eqit (a223g¢). % Am & For Pw ww. 274 Am G&B (1.40) __ 35% Am Gen C'p (a50e) 1034 Am Gen pf (23;) . 508 8934" Am Gen Cpf (2) 508 Am Hard Rub(al) 1008 Am L&T (11.20). ¢ Am Mtg Co (a3) __ 1768 Am Maracaibo 23 Am Pot & Ch a2% 100s Am Superpower 78 Am Thread pt 25c 5 Anchor Post F 8 Angostura (t20c). 3 Apex Electric(al) 2 Appalach EPpf 7 108 Arcturus Radio T. Ark Nat Gas _ Ark Nat G cu pf_. Ark Nat Gas (A) Art Met W (80c) Ashiand O&R t40c Ass0 Gas & Elec. ASSOG& E (A). As30 G & E $5 of Atl Coast Fis b3be Atlas Corp war Atlas Plyw'd(1%) Austin Sliver Auto Products _ Auto Vot Mch 50c Babcox & W1l (4) Baldw L bd rts(d) Barfum Stain Stl_ Bellanca Alrcraft. Bell Afrcraft Eell Tel of Can(6) Berkey&Gay ¥ Co Berk&GF pur war Bickfords Iné"1.20 Bilss Co (E W) Blue Ridge (blic) Blue Ridge cv of 3 Blumenthal 8 - Bower Roll B (2) . Bowman-Biltmore Brazil TL&F 40c Breeze C Inca7sc. Brid'p't Mch b2sc Briil Corp pr Br Am Ofl cou (1) Brit Celan Ltd res Brown Co pf Brown F&W (A) 2 Brown Forman __ Buckeye P L (4) _.175 Buft N&E pf 1.60 2 Bunker H & S(b1) 1008 Burco Inc (ai0e)_. Burco Ine war _ Cable £1 Prod vte. Can Indus Alco A Can M | Cartb Svndicat | Carman & Co B Carnegie Metal, { Carrter Corp Carter (JW) | Casco Prod bz _ Catiin Corp casne) Celanese 1st pf 17 Cen Hud Gak, Ceyt Ohio Stl bite Cent& s W Lt Cent States Elec Cent St El cv pf n los Centrif Pipe t40c. 5 Charis Corp(1%) . 3 Chl Rivet & Mach Chier Consol Childs Co pf __ Clttes Service - | Cittes Service pt Cittes Sve pt B __ | Clty Auto siv60e) lark Con (b50c) . | Ulauide Neon Lis Clev E 11 lum(12). | Clev Tractor Colon Dev Ltd Colon Dev 6% pt Colo Fuel&lr war. Colum G&E pf(5) | Colum O & G a20c lx | Com with & s war 63 1C0mmnn|(y PS 1 1008 ComSMstevte t1. 2 Cons Alrcraft 4 | Consol Biscuit 60c | Consol Copper Consol Gas Util slight saving erating. 13 21% [ 21y 2234 21 K 10 PRILIe 150, 15% 154 45 13 154 514 13% 154 58 81 2 11 Strs 1 Consol Ret S pf(8) 208 Consol Steel Corp 12 | Cont’l G&E pr pf 7 258 | Cont’l Roll & 8 Fy Cooper Bessemer_ Copper Range Cord Corp Corroon & Reyn _ Cosden Ofl Me (d) Creole Pe: 1a50c) Crocker-Wh al0c_ Croft Brewing _. Crown Cent P afc. Crown Dr (b20c)_ Cusi Mez Mining_ Darby Petr (60c)_ Davenport H (1)_. Dayion Rubber Dayton Rub A(b2) 508 | Dennison 7% pt _ 20s Derby Oll & Ref _ 2 Detroit Gasket t1. 1 Det (Mich) Stove. 8 Det Pap Prod 125c 1 Diamond Shoe(t2) 76s Domin S&C (B) 5 Dow Chemical (3). 2 Driver Harris1%. 2 Dubeller Condens. 4 Duke Power (3)__. 50s Duval Tex S a60c. 1 Eag Pit Lead bl0c. 15 bastn G&F Asso 2 Estn G&F As pf 31508 East Mall Ir a1.30. Zbs East'n States Pwr 8 Easy W M(B)b2ic 2 Eisler Elec (abc)_ 10 Elec Bond & Share 76 Elec B& S pf (5). 1 Klec B & S pf (6) 3 El Pwr Assoc a2ic 1 Elec P&L opt war Elec P&L 2d pf A Elec Shareholding Electrographic t1. Electrol Inc v.t.c._ Emp Pwr pt bi0c Emsco Derrick 11 Equity Corpa2ée) Evans Wall Laad Bxcello Air(b20c). Fairchild Av alsc. Fedders Mfg b25c. Ferro Enam b75c_ Fidello Brewery _ First N'S 1stpf 7_ Fisk Rubber __. Fisk Rub pf (6)._ FlaP&Lpt ____ Ford Litd a181-100 Ford (Can) A (1)_ Froedt G&M (20c). Gen Alloys Gen El Ltd a56%¢ Gen Invest Cory Gen Teleph (b2ic) Gen Tire & Rub Gen T&R pf A (6) Glen Alden C (11) Godchaux Sug(B) Goldfield Consol .. Gorbham (A) Gorham pf ww___ Gorham Mf vtc t1 Grand Natl ®1ims Grand Rap Var (1) GriA&P 1 o v 16 1508 Grt AZPT 18t pf 7100s Greenfleld T & D 6 Groa Store Prod Gulf Ol (Pa) b25e Hall Lamp (30¢)_. Haloid Co (t1)___ Hartman Tobacco Harvard Brewery Hearn Dep S b1.65 Hecla Mining b45c Heyden Ch (12) Hollinger (t65¢) | Holt (H) pt A b20c | Horn & Hardart 12175 | Rudson BM&S (1) 14 | Humble Of1 (1%) 5 Huylers 1% st(d) 50 | Hvgrade Fooa 2 Hygrade Sylv (3). 508 12/4 93 2044 2434 uy . 6% 2 3244 5 5 3 1 R 6 5 1 « 6 6 ¢ 1 1 608 30 68 3 6 1 1 1 2 3 5 2 6 1 THE EVE NING STAR, WASHINGTON, 2:30 Btock and Bales— Dividend Rate. Add 00. mxn u-n' Close. I P&LE% pf. . 0208 111 Pwr & Lt $6 Dt 6008 Imp O11 Litd +60¢c 26 Ind'n Ter INO(B) 1 Ins Coof No A 12_100s Intl Cigar M t3 Intl Hold&Inv Ltd Intl Hy B1 8 cv nt Intl Petrolm 13 . Intl Produets. . Int] Otl) (A) Intl Uth (B) .. Intl Utl] war new . Intl Vitamin(50c) Interst HM 123 _ Interst P(Del)pf Inv Royalty (t6c) irving Air Ch (1) 1tal Superpwr(A) Jacobs(FL)Co(1) Jeanette Glss a60c JersCen P&L pf 6 Jonas & Nbg bisc. Jones& Laugh Stl. Kingston Prod 400 Kirby Petrol (20c) Kleinert Co (60c) Koppers pf (6) .__ Lake Sh M (t4) _. Leh Coal &N 30c_.. Leonard O1l __ Lion Of] Ref (1)__ Lit Brothers Locke St Ch t80c_ Lockheed Atrcraft Lone Star Gas 8¢ Long Island Ltg - Long 1 L of A(7) Long Is1 Lt nf B 6 Loudon Packing .. La Land (40¢) Lucky Tiger t12c. Lynch Corp (12) _. McWilllams D (42 Majestic Ra&Tel_. Marion Steam Sh_ Massey Harris Mead Johnson(t3) Mem Nat G(a50c) Merritt Chan & S Merritt C& S of A Mesahl Iron ns 21% 3% 6814 | Metal Textile 40c_ Mich Bumper Mich Gas & Ot Mich Sugar . Mid Sta Pet (A) MIid Sta Pet (B) _ Midvale Co (b75c) Mid-W Abrasaloe Midwest Ofl (t1)_ Mining Co (Can) . Molvbdenum Corp Moore Dist (t50c) Mount Prod (60c) Nat Bella Hess Nat Bd & Sh hzic Nat Contain a50c Nat Fuel Gas (1) . Nat Mfg & Stores. Nat Leather Nat P& Lt pf (6) 100s Nat Rub Mch a20¢ 1 Nat Service _ 15 Nat Service pf 9 Nat Transit (75¢). 1 Nat Unton Radlo 2 Navarro Oil (40c). 2 Neisner Br of (7). 25s Nestle Le-Mur 6 New Jer Zinc (12) 200s New M&A Ldale 3 Newmont Min b75¢ 6 New Process (t2) 1 N Y Mer (80c) 3 N Y Tel pf (6%) 100¢ N Y Water Svepf 108 Niag Hud Pwr new | Niag H P(A) war Niles Bm Pnd b50e Nipissing (60c) Noma Elec (b40e) North Am L & P No Am Ray A bs0e | No Am Rav B hi0c as; | Novadel Azene ) 513 | Ohio Brass B h75 North CT O (30¢) North'n Europ 011 North States P A Nor Tex El 6% pf Northwest En bi0e 30 | Okla Nat G pf(6)_ Param’t Motors %, | Pub Sve Ind pr pf | Pub Sy Okla pf (7) 208 | Pyrene Mfg af0c_ ¢ | Raym’d Cone (11) 1004 Ordarvma Distil Ovarseas Sec 60c . Pac G&I Ist (134) | Pacific Ltg pf (6) | Pac Tin apec (12)_ Pan-Am Afr (t1)_ Pantepec Ot Pennroad (azbe) .. Penn G&E (A)1%% | Penna P&L pf (7) 80s | Penna Salt (b1%) 26s Penn Wat & P (4) 1 Pepperell Mfe +6. 150 Phila Co (btic) Phillips Pkg as0c. Phoenix Secur Phoenix S pf A(3) 1273 | Pion'r G Ltd b3ic Pitney Bow(t40c) Pittsbgh Forging . Plough Ine (1.20)_ Potrero Sugar Powdrell&Al t60c Pratt & Lamb (a2, Pressed Met (12)_ Producers Corp _. Propper-McC (d)_ PubSvcindpt _ 50s 40s 10134 6 Kh% 23 11 115 3914 49 534 15% 14 Pug Sd P&L pf b Pug Sd P&) $6 of 1 Pyle Nat'l (b30¢) . 1: 268 2 Quaker Oats (5) __110s Raym'd Con pf(3) 100s aytheon Mfg vte. 1 Red Bank 2 Refter-Foster _ Reynolds Invest | Richm'd Radiator. Roosevelt Field _. Root Petrolm(1) .. Rustless Ir&Stl__. Ryan Consolid'd__ St Anthony Gola . St Lawrence Corp St Regis Paper Schiff (The)Co(13) Scovill Mfg (b50¢)750s Sexal Lock & H . 9 Seiberling Rubber 6 Selected Indus 13 Sel Ind all cfs 5% 3508 Sel Ind pr pf (63 ) 508 Sent Saf Control .. Seton Leath a500. Seversky Afrcraft Shattuck Den Min 83 Shawin W& P80c 6 Sherwin Will (4)_160s Simmons Hd & P. Solar Mfg (b10c) . Sonctone C (aluc) Soss Mfg Co (50) - So Penn O1l(t13) South’n Colo P A Southl'd Roy bl0c Southwest P L(2) Stahl Myer Inc Stand C § pf 1.60. Stand Dr cv pf . Stand Ol Ky (t1). Stand Ofl Ohio t1. Stand Pwr & Lt Stand Prod (b26¢c) Stand S11&L4 (4c) Stand Tube (B) _. Starrett Corp vtc. Sterchi Bros a30c Sterchi Bros 1st 3 1508 Sterl Alum (b25c) 1 Sterl's Brew a7bc. Sterling. Inc(20c) Stroock & Co (2) .. Stutz Motor Sullivan Machine. Sunray Oil (bbc) .. Sunshine Min «3) Sup Port Cmt 3.30. Superior Port C B 226s Swiss-Am Elec pf 1508 Taggart Corp Tampa Bl (2.34) .. Tastyeast(Del)A. Taylor Dist (30c). Technicolor a50e_ ‘Tech Hughes 140c Texon O1l & L 60¢ ‘T1lo Roof Inc (1)- Tob&All Stk a3l Tob Prod Exp 1bc. Tr-Luzx DPS t20c. Transwest Oil Co.. Tri-Contl C war ‘Tubize Chatillion. Tubize Ch A (b1). Ulen & Co 7% % bt Unexcelled Mtg _. United Corp war.. Unit Gas Corp - Utd Gas war Unjted G C pf b1% Unit Lt & Pw (A). & 2% 24 11334 113%4 4. 6% t 334 | advanced: May, 1.28'5- 58l | 1170 [ 87, §405,08 EARNED BY INTERCHEMICAL| { s Former International Print- ing Ink Reports Large Gain Over 1936. By the Associated Press. NEW YORK, April 27.—Interchem- ical Corp., formerly International Printing Ink Corp., reported for the first quarter consolidated net profit of $405,086, equal after preferred divi- dend requirements to $1.05 a share on the common atock. In the similar period of 1936 net totaled $242,801, or 54 cents a share. No provision was made for the Federal surtax on undistributed profits. ‘The company and subsidiaries have plants at Cincinnati, Chicago, New York, San Francisco, Los Angeles, Battle Creek, Mich.; Lodi, N. J,, and Shanghai. Southern California Edison. Southern California Edison Co. for the quarter ended March 31 earned net income of $2,754,646, after normal Federal income tax, equal after pre- ferred dividend requirements to 47 cents a share on the common. This compares with $2,737,134, or 46 cents a share, in the first quarter of 1936. Monsanto Chemical. Monsanto Chemical Co. and subsid- iaries of St. Louis reported for the March quarter net profit of $1,333,854, equal to $1.20 a share on 1,114,408 shares of capital stock. This compares with net profit in the 1936 quarter of 41,032,852, equal to $1.03 a share on 999,123 capital shares. Pennsylvania-Dixie. Pennsylvania-Dixie Cement Corp. and subsidiaries reported for 12 months ended March 31 net profit of $97,333, equal to 80 cents a share on the $7 cumulative convertible preferred stock on which there is an accumulation of unpaid dividends. This compared with | & net loss of $743,732 for the 12 months ended March 31, 1936. Dixie-Vortex Co. CHICAGO, April 27 (#)—Dixie- Vortex Co. and subsidiaries reported today first-quarter net income of $220,- 673, compared with $170,184 a year ago. After provision for class “A' stock dividends, this was equal to 54 cents & common share, compared with 29 cents for the 1936 quarter, CHICAGO GRAIN By the Associated Press. CHICAGO, April 27-—8ensational jumps of corn prices late today took that cereal up 4 cents a bushel, the extreme immediate permissible limit. Complete exhaustion today of Chi= cago supplies of the regular contract grade of corn was the spark which set fire to the corn market. The ex- | haustion has been long foreseen as a | result of drought, but the actual event had an electrical market effect At the close corn was 2 cents to | 2\‘ | 4 cents above yesterday's finish, May, 1.27%; July, 1.1712-%; wheat, 175-2% July, 1.17- % -1%% cents. High. Low Close . and oats up 9pen 0¥ BEANS ki 168 RYE - Chicago Cash Market. Cash wheat, No. 1 red, 1.34; corn, No. 2 mixed, 1.34!5; No. 3 mixed, 1.33; No. 3 yellow, 133-3415; vellow, 1.32-33; No. 3 white, 1.33-33%; sample grade, 1.27; 56;: No. 2 white, 5415-5515; No. 3 white, 54!4-%; No. 4 white, 52; soy beans, late yesterday, No. 3 yellow, 1.69%; No. 4 yellow, 168: barley,73- nominal; malting, 1.00-30 nomi- nal; timethy seed, 4.25-50 hundred- weight; clover seed, 27.00-33.00 hun- dredweight. U. S. TREASURY NOTES. EW YORK. April 27 (#.—Prices uuo«e« In dollars and thirty-seconds: Month. Bid A-ked 101.8 1.8 prox. < o Prela. i 37 09- 98-12 Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Unit Lt & Pw pf 4835 48 4R Unit Prof Sh al0c. Unit Shipyds B __ Unit Shoe M 12% _ U 8 Foil (B) (1) U S & Int] Secur... U S Lines pt Unit Stores vtc Unit Verde Ex (1) Unit Wall Paper Utllittes P & L (4) Utllity Equities Utility Eq pf b4 % UtilP& L B (4) . Ul P& L pf (d) . Utilities Indust’l . Utllity & indus of. Venezuela Mex O Venezuela Petrol.. Vogt Mfg (b20e). Waitt&B'd A ab0o Walit & Bond (B). Walker Minins Wayne Knit Milla ‘Wayne Pump 60¢ . Weisbaum B B 400 Well't'n Ol of Del W Va Coal & Coke Westn A B (a2be) ‘Western Auto Sup West Tex Ut pf(8) Will O11-O-M abto Wil-low Cate pf Willson Prod (t1) Wolverine Port C Wolver Tube b20o. Woodley Pet t40e . Wool FW Ltd bdlo Wright Harz t40e Ygstn 8t1 Door(3) 6644 Yukon Gold(alSe) 16 8 Dividend rates tn dollars based en quarterly or semi-annysl paymen nual ra cumulated b Paid this vear anies reported s ing {n bankruptcy of in receivership. or being reornnmd under the bankruptey act. or securities assumed by such com- nies. ‘ P AN AN T BB NS e B —a =0 No. 4 oats, No. 1 white, | | ton, Del., | quarter ended March 31, after depr i | SDAY, A Monthly Purchases of Government ecurities by the Treasury Department Large Purchases by the Began Late in 1933 and Into Im Because of the Decline in A Government Pri Guld Purchase &poflmm PRIL 27, 1937. Trea Continued rices During PACE MAINTAINED AT COTTON MILLS Consumption and Activity Holds at High Levels During Month. By the Associated Pres The Bureau of Agricultural Eco- nomics said American cotton mill consumption and activity continued at record high levels this month \ Mill sales of goods, the bureau said, had dropped recently below output The bureau noted continued high activity of the foreign cotton textile industry, especially in the United Kingdom and the Orient, with foreign cotton continuing to be used exten- sively in place of the American com modity. A sharp increase occurred in im- mru of American cotton by Japan, but the bureau said much of the new business probably was temporary be- cause it followed shipping strikes in |l Il | W (] DJFMAMJJA ONDJFMAMJJA SONDJFMAMJ 1936 this country The bureau said release of about 1.- 250,000 bales of Government-financed cotton between February 1 and Apnl 22 reduced stocks of Government- financed spot cotton to about 1,750« CITIES SERVIGE EARNINGS JUp Preferred Requirements Are Covered for First Time Since 1932, By the Associated Press. NEW YORK, April 27.—Net earn- | ings of Cities Service Co. in 1936 covered dividend requirements on the various preferred issues of stocks for the first time since 1932, when pay- ments were suspended, the company reported. In its annual report mailed to stockholders, the concern showed con- solidated net profit of $6,975,497, com- pared with $5856,265 in 1935. The improved operating results were ex- perienced in all three major divisions, petroleum, electric and gas, the report set forth. Sales of each records, it said. Reporting at length on pany’s condition last year. Henry L. Doherty, president, stressed the in- crease in taxes, saying the gain last year was just short of equaling one year's dividends on the preferred stocks. He also said the company succeeded in eliminating 19 corpora- tions from the company's corporate structure. the com- | Stone & Webster. Stone & Webster, Inc., reported for 1936 consolidatec profit of $1.772.937, compared with $92,628 in 1935. This was after treating unearned preferred dividends of subsidiaries as a deduc- | tion, and had they not been so treated the 1936 income would have been in- creased $434.542 and the 1932 income $962,721. The concern is a public | | utility holding company and also con- | structs and supervises power and light companies. Hercules Powder. Hercules Powder Co. of Wilming- | reported net profits for Lhe ciation, of $1,475,090. equal after pre- ferred dividend requirements to $2.29 a share on 585948 shares of common stock. This compares with net profit of $805.101, or $1.12 on 583851 com- mon shares in the same quarter a year ago. Frank G. Shattuck Co. Frank G. Shattuck Co., operators of & chain of confectionary stores and restaurants in Eastern States, reported for the March quarter net profit of $179,885, equal to 14 cents a share on the capital stock. This compared with $115.532, or 9 cents in the flr!t quarter of 1936 New York Central. The New York Central Railroad to- day reported net operating income for March, after depreciation, but be- | fore fixed charges and other income, at $6,284,476, compared with $3,398- 320 in the same month a year ago. Santa Fe Railway. Net railway operating income of the Atchison, Topeka & Santa Fe Railroad (exclusive of fixed charges and other income) in March was $1,531,433, compared with $681,338 in the same month Iast year. This brought the account for the first three months up to against $1,354.833 | months of 1936. Paramount Pictures. Paramount Pictures, Inc, estimated consolidated earnings in the first quarter at $2,011,000 after all charges, equal, after preferred divi- dend requirements, to share on the common. This com- pared with $718,921 in the comparable 1936 period, which included $800,000 of inventory reserve provided for at the end of 1935 and the company's interest as =& stockholder in the combined undistributed earnings for the quarter of partially owned com- Panies totaling $480,000. The 1937 earnings did not include approximately $640,000 representing Paramount’s net interest as a stock- holder in partly owned companies. Chicago Yellow Cab. CHICAGO, April 27 (A’).—Cm:ngo Yellow Cab Co, Inc, and subsidi- aries reported 1936 consolidated net profit of $601.886, compared with $185.424 in 1935. This net was equiv- alent to approximately $2 a share, compared with 46 cents a share on the stock outstanding at the close of 1935 SHORT-TERM SECURITIES. (Reported by Chas. D. Bnrng‘ & Amer Tel & Tel 5ls 1943 _ 112% Auburn Auto Co 433 1939 7 Callf Pack Corp 55 1940 & Ohio Ry bs 1939 Emwn Elec Ilum 4s 1939 Gen Pu Fub Serv, 5, 1030 ran: Houston i Tnti Mere Marine 6 1941 Intl Tel & Tel 4lbs 1930 Laclede Gas Light 58 1930 Lehigh Valley Coal 65 1938 Lehigh Val Term Ry 5s 1041 Long Island Gen 45 194K = 1 RY 8us & West 5s fow York Tel Co. 4*/1: Toan f Missouri 4s 193 2353 a R R Co 41 Rio Grende West 41 1030 Sou Bell Tel & Tel b3 Term RR Assn St L4 ‘anadium Corp b3 Veruzntes Sugar Cn 7( UMQ Wab 0 1039 . SRR & S3eni35=950! EEE T ENErE o 3 NY thhm Unlon T'l Bl 1?‘\ set new | 72 cents a| 4 | Wellington Washington Exchange | SALES. Capital Traction 5s—$1,000 at 933 a. $1,000 at 93';, $1,000 at 937, Capital Transit Cnflfl at 13“, 10 at | 13', 10 at 13's, 10 at 13%g, 10 &t | 13'g. PnLomac Electric Power 67 at 11374, Washington Gas Light Co.—10 at 80%, 10 at 8074, 10 at 80', 5 at 80'4. Liberty National Bank—8 at 150 pfd—10 10 at 4634 AFTER CALL. Mergenthaler Linotype—10 at 463, 10 at 463, | Potomac Electric Power 5':7% 50 at 1113, Capital Transit Co.—2 at 127 American Security & Trust Co—6 at 300. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer. Tel & Telga_4':s Anacostia & Pot 2 pfd.— 58 Cap Traction R. R. 58 | City & Suburban getown Gas 1st 68 Ruy. "k Bec. 45 - | MISCELLANEOUS Col_Country Club las 105 W. M. Cold Storage 5s 100 STOCKS. PUBLIC UTILITY. Amer. Tel & Tel. | Capital Transit Co. | N & W Steamboat (6) 1 o pL. (8) “ pid &l Ry. & El. com. 45'“ Ry. & ElL ptd. (5) BANK AND TRUST COMPANY Amer. Sec. & Tr. Co. (eR) Bank of Bethesda (0.75)_ - Capital (1) ‘Cm‘\ & Sd\ll‘.l! a0 Liberty (4 - | Lincoin ”0"5\ Natl Sav Bt Georees BK. & Tr. Riggs (ex | Rigzs pid (3) | Washington (6) Wash. Loan & Tr. (ef) | FIRE INBUKANCE { Aperican 10 Corcor: 5 Pireme; 20 Naticnal Union (.60) - 16 TITLE INSURANCE, ) Wash 112 Wash. 20% Wash. | Wash Gas' 109% 300 30 14 Columbia (.30) . Real Esiate (5) D Mergenthaler Lino. (2 Peoples Drug 8. Com (+ 1. Peoples Drug 8. ofd. (6 | Real Est M_& G. pf (* | Security Storage (5) | Ter. Ret."& Wh. Corp Wdwd. & Loth. com. (1] Wawa tn. pfd, (7) 30. 1036, 45c | INVEST|NG COMPANIES NEW YORK. # —New York Security Dtflltrs A:mc\auon A\h!d | Admm Fd 2nd Inc Am Business Shrs Am Gen Eq Inc m Ins Siocks - ancamer Blair Bank Group Shrs Bankers Nat Inv Corp Basic Industry | Broad 8t Inv | Bullock Fund - | Can Tnv Fung Central Nat Corp “A"" | Central Nat Corp “B” Century Shrs Tr ¢ Consolid Punds Corp “A" | Continental Sh pf | Gorporate Trust Corp Tr Accum Ser Corp Tr Acc Mod Cumulative Tt Sh) Depos Bk 8h N ¥ Depos Ins 8hrs *A Depos Ins Shrs Diversified Tr $3,838.530, | Ei in the first three | Sh A Fund Investors Inc | Fund Tr Shme A Fund Tr Shrs B Gen Investors Tr Group Sec Agricultur Group Sec Automobile Group Sec Building Group Sec Chemical_ __ Group Sec Food = Groun Sec Invest Shrs _ Mercandise Mining - Petroleur Group Sec R R Equip Groun Sec Steel Group Sec Tobacco~ Huron Holding Incorp _ Investors Insurance Group Shre Invesiors Pd 'C" Inc Keyston Cust Pund B-3 _ & jor Shrs Corp nvest Tr. Mutual Invest _ Nation Wid: 4 RBolRoR B st % 238 ax2RBIIRIZ & Bmoutn Pund Inc Quarterly Income Sh Selected Am Sh Selected Am Sh INC_aa” Selected ‘Cumul 8h Selected Income 8n k Fun, usf m usteed Industry $hrs__ Fund RAILWAY INCOME. K. April 27 (#).—Net operat- ing Mcome . (before “fixtq charaes and | other income) of rallroads reporting to- | day for March included. Dela. Lack & West. 1 Coas o “Gt. Nortn. o 320 Internatl | Louisville & &Nash. Missouri _ Pacifi Norfolk & Wes x»l;”:xs 'é]‘fi:u ad "~ utlan o L. Southwestern 818 Wheeling & Lake Brie 57 BOSTON WOOL MARKET. BOSTON. April 27 (P —(United States ot of Asticulture )1 np::t“d‘;n;ek: ic wools continued Now'ia for G, Ei% howed a little fnterest in occa- sional lots of new clipped Ohio 'nd similaz fieece woals, available near the de 40 o 48 cents for three ; Dloott eombing and 45 Cents " for quarter biood umn:. 235833 |Mergenlhnler Linotype—10 at 463, | paid 000 bales, compared with about 3,000,- 000 on J ry 31 and nearly 5,100, 000 bales at the end of January, 1936, The bureau said the first official estimate of 1936-7 production in | . 1 3 4 Southern Brazil was 1,201,000 bales, 4 &y an increase of 28 per cent over the previous year Brazil produce 1.808.000 bales, slightly more than in 1935-6. | FEDERAL LAND BANKS NEW YORK o7y | Land Bank Bonds April CHICAGO LIVE STOCK. CHICAGO., April 27 (7 —(United States | Departmens of Agricuiture)—Hogs, 14.000 including 3.500 direct; early market steady 10 10 higher: later mostly steady to strong with Monday's average; bulk good 10.10-30 90 p. NEW YORK SUGAR NEW YORK. April 10 comparable 140 10.15] most packing sow Cattle, 8.000; calves nd yeariings eral loads good and " choice best heifers, early 10°10 higher: weighty sa | to 7.15i choice vealers steady ing’ lower: selects, 10 50, | includine 1.400 di slow. indicaiion, PHILADELPHIA T‘!'ILADPXP)'I‘\ Ap i poultry mixed steady: load merely good 5 od {1200, others held upward to B TTE“—T““ |above nothing dome on clipped s | 3312 . | Spring lambs and sheep about steady | pooled "ewes. " 6.00-50 Spring 1 13 00-30. rect: fat cel | tambs around e grade FOREIGN EXCHANGES. NEW YORK. April 27 Chanse frm: Great others in cents | 4.94%;: cables | Prance—Dem; tugal. 4.50. Greece \c:ecnmln\xxm 2 Austria L manta ROy 3,0 New York in Nominal TEN YEARS AT 4.7 On' City Central Business Property We invite applications for new construction or refinancing Well Located WASHINGTON REALESTATE SHANNON & LUCHS Morteage Loan Correspondents TTS MUTUAL RANCE CO. 2345 1505 H St N.W. Natl. treal in New York. | Montreal. 9081 ml—l\’ not place the manage- ment of your house and res erties in the Property ment? facilities it service—and ate fee B. F. SAUL CO. 925 15th St. Nat'l 2100 1ts will der helpful for a very moder- Mortgage Loans THE COURT RULES A recent Pennsylvania court opinion contains this sentence: "We have simply come to the conclusion that the modern stock market offers opportunities for investment substan- tially as safe as mortgages and bonds, and therefore admit corporate stocks within the discretion given in this will.” The selection of sound stocks calls for careful research, such as is afforded by the "F. & B. Industries Service,” to assist investors to determine the industries whose future eamings seem most likely to assure income and securiry. FENNER & BEANE Members New York Stock Exchange and otber ieading Exchanges Southern Bldg. 15th & H Sts. N.W, National 7000 {[QUESTIONS THAT ARE ASKED ABOUT BANK)NG} A Lilien Ahow 2" BANK statements are divided in two parts, ‘“‘Assets” and ‘‘Liabilities.” The most important item in the statement is the amount the bank owes to depositors. The next, in importance, is the assets the bank has to meet these obligations to depositors. The chief debt of a bank is the amount of deposits of its customers. Its chief resources for paying these debts are usually cash, de- posits in other banks, loans, government bonds and other readily marketable securities. A bank's next obligation is to its stockholders for the money they have invested in the ownership of the bank. This item is listed on a bank statement as ‘‘Capital.” Capital, surplus and undivided profits constitute added protection to depositors. We invite you to read our latest statement of condition. A copy will be sent you on request. McLachlen Banking Corporation TENTH AND & ;?x‘zssrs, N. W What o S.W. Branch, 12th and Maryland Ave. SW. Member Federal Deposit Insuramce Corporatiom [Booklets covering this ssries may be had upon request.) e "