Evening Star Newspaper, April 30, 1937, Page 18

A—18 #x¥ SHARP RISE HERE April Volume Hits Best L.evel for That Month Since 1930. BY EDWARD C. STONE. Bank clearings in April in the Capital scored another substantial gain and reached the highest point of any April since 1930, according to the monthly report made this noon by George H. Bright, manager of the Washington Clearing House Associa- tion Washington clearings totaled $115,- 715,484.33, in comparison with a total of $100,389,014.14 in April 1936, an ad- vance in the month ending today of $15,326,470.19. Clearings for the first four months of the present year have also scored a remarkable gain over the like period in 1936, standing at $423,242,- 857.29, as compared with $351,759,~ 96458 a year ago. This is a gain of $71,482.894.71, and splendid proof of the business advances made in the Capital so far in 1937 Clearings back in 1930 in April totaled $118,036,652.98, and at .the high mark in April, 1929, reached the sum of $126.836.188.71. Today's fig- ures show that clearings here are working rapidly back to the all-time | peaks of the boom days Clearings in the first four months of 1937 compare as follows, with the corresponding months in 1936 1937 1936 January.$100,562,083.88 $86,990.549 44 February 192,370.58 .0 March 114.782,918.50 86,355,879.19 | April .-115,715,484.33 100.389.014.14 Phone Earnings Higher. In a modest March advance, net earnings of the Chesapeake & Poto- mac Telephone Co. totaled $167,748, in comparison with $165,555 in March, 1936, the monthly report made today to the Public Utilities Commission stated. Operating revenues totaled $944,059, against $886.373 a year ago. Operate ing expenses offset part of this in- crease, standing at $678.041, compared | with $639.044 in the same month a Year ago, leaving net operating reve- nues of $266,018, against $247,329 in March, 1936. ‘Taxes were heavier—$82,284, against $69,623 a year ago. There was a small fncrase in non-operating income, mak- ing total gross income amount to | $185,923, compared with $178646 in March, 1936. Interest deductions called for $18. this year in comparison with $13,091 a year ago. The report filed today also shows | that operating revenues in the first quarter of 1937 totaled $2.760.805, while this ftem stood a year ago at | $2635.351. Operating expenses were | heavier—8$1,947,937, comparing with | $1,851,382 last year. After deduction of operating taxes of $252,186, com- pared with $214,344 last year, net operating income amounted to $560,- 685, while the same figure last year was $569.6: Non-operating income provement, but interest deductions were higher—$55.746, as compared | with $41,988—leaving a net income for the first quarter of 1937 of $512,080, | against $529,036 in the like period in 1936 Washington was served by 217,961 telephone at the end of March, a net gain of 1,046 over the previous month. There was also a notable increase in the number of telephone calls in March and in the three months over the same months last year. Gas Earnings Slightly Lower. ‘The monthly report of the Wash- ington Gas Light Co., fled today with the - Public Utilities Commission, shows operating revenue for the month of March of $768,268 compared with $694.055 for the same month last | year, an increase of $74.213. Operat- ing expenses also increased from $487,769 in March last year to $569.- 857 in March this ye: due to the larger volume of zas produced and the greater number of customers served. The net result of the month's oper- ation after all deductions was a net income of $139.042, a decrease of but $5.152 from March of last year, despite increasea taxes and increased charges | for the retirement of property. The March earnings bring the net income for the first quarter of the current year up to $403,991. ‘The company reports gas sales of 1,117,000,000 cubic feet for March, 1937, compared with 980,000,000 cubic feet last year, an increase of 14 per cent. At the end of the month the company had 145.434 meters in service in the District of Columbia, a gain f 7,516 meters over March last year. First-quarter comparisons show that operating revenues amounted to $2.- 246,504, against $2,325,956 in the like period in 1936, a drop of $79.452. At the same time operating expenses, in- cluding taxes, advanced to $1,609,443 from $1,585.401 a year ago, leaving net revenues from operations of $637,061, against $740,555 a year ago, a de- crease of $103.494. Non-operating revenues were more than $10,000 above last year. Interest for bond requirements and amortiza- tion required $10,000 more than in the first quarter in 1936. This left a net income of $403,991, compared with $507,778 a year ago, a decrease of $103,787 Today’s Trading on Exchange. Mergenthaler Linotype was a bit stronger on the Washington Stock Ex- change today, three 10-share lots selling at 46. Ten more sold at 4574 Capital Transit opened 13 and closed | at 137, Riggs National Bank common ap- peared on the board in a two-share sale at 305. Potomac Electric Power 6!, per cent preferred changed hands | on a very small sale at 1107,. The day’s market closed with a sale of 40 shares of Real Estate Mortgage & Guaranty preferred at 5%, un- thanged. Bonds were neglected. Auto Financing on Increase. "The dollar volume of retail financing of new passenger automobiles shows an increase of 7 per cent for the month of March, as compared with March, 1936, and an increase of 63 per cent | compared with March, 1935, accord- Ing to estimates by the Department of Commerce. As compared with Feb- ruary, 1937, there was an increase of almost 67 per cent. The aggregate volume for the first three months of this year was about 8 per cent above the first three months of 1936 and almost 58 per cent higher than for the corresponding period of 1935. showed im- INITIAL DIVIDEND VOTED. NEW YORK, April 30 (#).—Direc- tors of Mead Corp. declared an in- itial dividend of $1.37!; on the $5.50 cumulative preferred stock, series “B,” payable June 1 to holders of record May 15. The company makes maga- wine paper and paper board at Kings- port, Tenn,, and Chillicothe, Ohio. A Prev. 1937 High, 55 841 22, 28%, 36 4% 80k 25fib~ 217 831 FINANCIAL. By Private Wire Direct to The Star. All New York markets are now on daylight saving time. Stock and Low. Dividend Rate. 49 Abbott Lab (11.60)_ 633 Acme Steel (4)__ 15 Adams Exp (a56c).-. 2473 Adams Millis (b1)_. 303 Addressograph (1) 2! Advance Rumely ___ 6813 Air Reduction (t1).. 2% Air-Way Electric._.. 11% Alaska Jun (160¢).. 3% Alleghany Corp.. 431 Alleg pf ww $30_. A.’Ph Alleg pf ww $40_ 354 Alleg Steel (bSoc) 20 Alen Indus 11) . 224 Allied Chem (6) . _ 16'% Allied Stores (hZOc) 63% Allis-Chalm (b50c) % Amal Leather 95 Amerada Corp (2) 83 Am Ag Chm Del bl.. 57% Am Brake Sh (12) 97% Am Can (14) 51% Am Car & Foundry... 72 Am Chain & Ca bl._. 13% Am Colortype , 24'; Am Comc) Al as0c. 252 Am Crystal Sug b2_. 9412 Am Crys S 1st pf 6. 8 Am Encaustic. ___ T4 Am & Foreign Pwr._. 20% Am & For Pw 2d pt_ 16% Am Hawaiian (1) 62 Am Hide & Leather. 371 Am Hide & L pf (3). 215 Am lce 17% Am Ice pf (2) 13% Am Interntl (a40c). 43 Am Locomotive 108 Am Loco pt (a3) 4 Am Mach & F (1) __ 9 Am Mach & Met 60c. 4615 Am Metals (b25c)__ 116 Am Metals pf (6) _. 62 Am News (N ¥) (3) 9' Am Power & Light_ le'; Am Pw & Lt pf (5). 5 Am Pw & Lt pf (6)_ Am Radiator 160c _ Am Roll Mill t1.20 __ Am Safty Raz (12)_ Am Seating (a21%)_ Am Shipbldg (2) Am Smelt & Ref(3) Am Sm & Ref pf(6). 2 Am Sm & Ref pf(7). Am Snuff (13) ___. 2 Am Steel F (b50c) _ 21 Am St F rts May 15 20 Am Stores (2) 45 Am Sugar (2) 2 Am Sum Tob (t1).. Am Tel & Tel (9) .. Am Tobacco (5) Am Tobacco B (5) Am Type Founders_ Am Water W (80c). Am Woolen ___ _ Am Woolen pf (b1)_ Am Zinc & Lead 2 Am Zinc & L pr pf. 2 Anaconda Cop (71)_ Anchor Cap (60c) _ Archer-Dan-M(12) Armour of I1(b35c) 912 Armstrong Cork(2) Arnold Cnst b6213¢. Artloom Corp Associates Inv (12). Atch T &S Fe(a2) .. + Atch T& SF pf(5). Atl Coast Line(al)._ Atl Refining (1) ___ Atlas Corp (80c) 2 Atlas Corp pf (3)__. Atlas Tack (1) 2 Auburn Auto __ Aviation Corp Del. Baldwin Loco (d) Baldwin Loco pf(d) Baldwin asd (d) Baltimore & Ohlo Baltimore & Oh pf. Barber Co (b25¢) - % Barker Bros Barker Bros pf 2% _. Barnsdall (1) Bayuk Cigar t75c... Beatrice Cream t1_. Beatrice pf ww(5)_. Belding Hemin (1) Bendix Avia(b25c) s Benef Ind Ln (bg5c) Bethlehem Steel (b1, Beth 5% pf (1) __ Bethlehem pf (7). Black & Deck b50c.. Blaw Knox (b20c) Bloomingd'le b471z¢ Blumenthal pf (a21) 33% Boeing Airplane __ 4075 Bohn Alum & B(3)_. 41"; Bon Ami (B) (213).. 2 Borden Co (1.60) Borg-Warner (new) Boston & Maine Bridgept Brss(60c_. Briggs Mfg (12) Briggs & Strat (3) - Bristol-Myrs t2.40._. Bklyn-Man Tr (4) .. Bk fan T pf(6)- Bklyn & Queens ___ Bkn& QT pf (3) . Bklyn Un Gas(1.60) Brunswick-Balke _ Bucyrus- Budd (E Budd Wheel (a20c) - 2 Bullard (b25c) — Bulova Watch (t4)_ Burr Add M (80c) _.. Bush Terminal (d)_ Bush Term deb (d). 24 Bush T Bldg pf(d)_ 1315 Butler Bros (bl5e)_ 29Y% Butler pf (1%) . 413 Butte Cop & Z(a5c) - 221 Byers (A M) ____ 27 Bvron Jackson (t1). 37 Calif Packing (1%). 2% Callahan Zine-Lead 1 Calumet&Hecla (1) 27% Campbell Wy (1) _. 2513 Canada Dry G Ale__ 12% Canadian Pacific .. 7 Carriers & Gen(b5c) Bales— 2138 Case(J 1)Co (4) - 17019 581 25% 1041, 623, 1123 2% 461 125% 69% 114 8513 Caterpillar Tr (12)_ 26% Celanese (b75¢) 3615 Celotex Corp __ 33 Cent Aguire (113)_ 73 Central Foundry . 100'; Cent [1] Lt pf(dig) 28 Central RRof NJ.. 14% Cent Violeta Sug 6214 Cerro de Pasco (4).. 1614 Certain-teed Prd 677 Certain-teed nf (6) - 35'3 Champion Pap (11). 108 Champion P pf (6) .. 78% Chesapeake Crp(3). 56% Ches & Ohio 12.80__. 4+ Chi & East {11 (d) -.. 67% Chi & Est [11 pf (4). 2% Chi Grt st (d) . +12 ChiGrt West pf (d). 2 Chi Mil St P&P (d) . 4% Chi M St P&P pf(d). 312 Chi &N W (d) _ 113 Chi & N W pf (d) .. 21 Chi Pneumatic Tool 61 ChiPnT pfb87%ec.. 2% Chi R 1 & Pac (d) 53 Chi RI&P 6% pf(d). 6% Chi RI&P 1% pf(d) 19% Chi Yellow Cab (2)_ 124 Childs Co - 109%2 Chrysler (b13) __ 187 City lce & Fuel (2)_ 84 City [ce& F of 614 7 Citv Stores 321 Clark Equip(t1. 80)_ 35 Clev Graph Br (2) _ 78 Cluett Peabody (3). 12213 Coca-Cola (12) 57 Coca-Cola A (3) 19% Coigate-P-P(150¢c) .. 102% Colgate-P-P pf (6) . 51% Collins & Afk (t2) __ 10814 Collins & Aik pf(5). 20% Colo & Southern__ 22 Colo & South 1st nf 121 Columb G & El(40¢) 94 ColG&EDLA(6).. 31% Columb Pic vte (t1) 41 Columb Pic pf(2%). 112Y% Col Carb vte (t4) .. 568 Comcl Credit (14) ._ 100 Comecl Cred pf (4%) 6315 Comcl Inv T (t4) 14% Comcl Solv (t60c) 23 Comw & Southern 50 Comw & Sou pf(3) 13% Conde Nast Pub __ 6% Congoleum Nrn(2)._ 12% Consol Cigar - 8312 Con C pr pf ww 6% _ 37 Cons Edis N Y(t2)_ 10415 Cons EA N Y pf(5).. 3% Cons Film 914 Cons Laundries 15 Cons Oil (80¢) 6% Cons R R Cuba p! 7% Cons Textile (d) .. 814 Cons Coal(Del)vte_ 33 Cons Coal Del vtc pf 203% Container Corp 1.20. 23 Contl Baking (A)... 27 Contl Baking (B) 9814 Contl Baking p£(8).- ~ < Add 00. High. THE EVENING Net Low. Close. chge. 49Y% 9% 17 2 24 215 1023 1215 214 2015 841, 49% — % 80 +2 1% + % 254 31w 28 4 1093, 22 9%, 49 116 63 High. 691 25% 42% 374 47% 35% mn 1% 10y 56 1007 25% 1083 81% 3 STAR, Stock and Low. Dividend Rate, 50% Contl Can (3) _____ 20 Contl Diamond (2). 36% Contl Insur (11.60)_ 214 Contl Motor: = 40Y Contl Oil Del (t1)._ 263 Contl Steel (b50c) .. 6213 Corn Ex Bank (3)__ 57% Corn Prod Kef(13)_. 6 Coty Inc... 46 CraneCo __ _ 70% Crown Cork & S(2) 17 Crown Zeller(new) _ 99 Crown Zell cu pf(5). 51 Crucible Steel 1% Cuba Co 11 Cuba R R pt 9% Cuban-Am Sugar. 145 Curtis Publishing_. 9214y Curtis Pub pf (7) 513 Curtiss-Wright __ 1814 Curtiss-W (A)a50e. 73 Cushman S pf 3% _ 48 Cushman Sons pf _. 76 Cutler-Ham (b50c) . Bales— 3 104% Deere & Co 107 146% 12 21312 1093 157 126 39% 185 67% 52% 30, 43% P 277w 94 173 4 110 3314 13%¢ 114, 28Y; By 6315 1115 162 1674 15% 183, T3% 157 36% 155 109% 693 20% 46% 295, 24% 24 27% 511y 3% 181 245 137 21%, 9 153 28% 113% 114 175 83‘6 61 53% 8% 20 Detsel-Wem-G(11). 42% Delaware & Hudson 174 Del Lack & West __ 6% Den & R G W pf(d). 120 Detroit Edison (14). 9% Det & Mackinac ___ 61 Devoe & Rey A(13)_ 30% Diamond Match (1, 20% Distil Corp Seag ._. % Dixie Vortex (1) _ 6% Doehler Die Cast(2) 41% Dome Mines (2) 491, Douglas Alrcraft. 455 Dresser (A) (a3) % Duluth S S & Atl_ 4%, Dunhill Internatl 14813 Du Pont (b75¢) _. Du Pont deb (6) 112 Duquesne 1st (5 11t Eastern Roll Mills_ 151 Eastman Kodak(6)_ 150 stman Kod pf(6). 31% Katon Mfg (2) ___ 11% Bitington-Schild __ 21% [l Paso Nat G 1.6/ 34 B 1013 Elec Boar (a60c) __ 4% Elec&Mus I (a18¢)_ Elec Pow & Light _ Elec Pw & Lt $6 pf_. Elec Pw & Lt $7 pf Elec Storage Bat (2) 4 Elk Horn Cl pf (d)_. Endicott-John (3) . +« Endicott-Jhn pf(5) - Eng Public Serv ¥ng Pb S §5 pt b3 Equitable Office B__ Erie RR__ Erie R R 1st.pf._ Erie R R 2d pf Eureka Vac (80¢)_—. Evans Prod (11)__. Fairbanks Co _____ Fairbanks Co pf____ Fairb'ks-Morse (1) Fajardo Sug Co (b1) Federal Lt & Trac _ Federal Motor(40c). 2 Fed Screw Works__. Fed Water Sve A ___ Fed'd Dept Str(2) __ Fed'ted Dep S pf 43¢ : Fidel Phoenix t1.60. « Firestone T&R (2)_ Firestone pf A (6) . First Natl Strs t214 Flintkote Co (1) Follansbee Bros(d). 713 Food Machine (1) Foster-Wheeler Francisco Sugar Freeport Sulph (1)_ 2 Freeport Sul pf(6)_. Gabriel Co (A) ___. Gamewell Co 2 Gannett cv pf (6 Gar Wood Ind assc. Gen Am Inv(aTic) _. Gen Am Trans (a3). Gen Baking (160¢c)... % Gen Bronze_ B Gen Cable Gen Cigar (14) ____ Gen Electric (b40c) Gen Foods (2) Gen Gas & Elec(A)- Gen Mills (3) ___ 1173 Gen Mills pf ( 55% Gen Motors(bzic) 103 Gen Outdoor Adv _ 15!« Gen Print Ink new. Gen Pub Service Gen Realty & Util__ Gen Realty & U pf__ Gen Refract (a3%). Gen Thea Eq(b2ic). Gen Time Instru 1. Gillette S Raz (1) Gimbel Bros = Glidden Co (2) - Gobel (Adolf) _____. Goebel Brew (20c). Gold Stock Tel (6)_. Goodrich(BF) (a1)_ Goodrich pf (5) Goodyear T & R b1_ Gotham Silk Hose _ Gotham S H pf (7). Graham-Paige ____ & Granby Cons Grand Union ctfs __ 4 Grand Union pf(b1) 33 Granite City Stl(1) 40 Grant (WT) (71.40) 40% Grt Northern pf 19 Grt Northn Ore (1)_ 5 Grt West Sug 12.40_ 31% Green H L (11.60) . 13% Greyhound (+80c) _. 10'a Greyhound pf(55¢) 2% Guantanamo Sug .. 2613 Hack W pf A (1%) 131 Hall W F Print ___. 43 Harb-Walker (12) 13 Hat Corp of Am 80c. 5t Hayes Body 101 Hazel Atlas GI (15)- 12% Hecker Prod (60c)_. 111 Helme (GH) (15) . 28% Hercules Motor(11) 1501 Hercules Pwdr (6)_. 58 Hershey Choc (13)_. 39% Hollanc Fur(al ) 21 Hollander & Son(1). 3113 Holly Sugar (12) 338 Homestake (112) _ 201 Houd-Her B (1134) 88% Househ'ld Fin pf(5) 213 Houston Oil vte __ 624 Howe Sound (13) 312 Hudson & Manhat__ 912 Hudson & Man pt 18 Hudson Motor 31 Hupp Motor (new) - # Hupp M rts May24_ 221, Illinois Central ___. 12% Indian Refin (a1) 36% Indus Rayon (2) . Inland Steel (74) 20 Inspiration Cop .__ 7% Inter Rap Tr vtc(d) 4% Intercontl Rubber_. 16% Interlake fron 5 Intl Agricultural 42 Intl Agricul pr pf 99t Intl Harvester(2%) 146 Intl Harv pf (7). 87 Intl Hydro £l A 612 Intl Mercantile M 11 Intl Mining (a%0c) 551 Intl Nickel (b50c)._. 1612 Intl Paper (A)_ 10% Intl Paper (B)_. 5% Intl Paper (C) 90% Intl Paper pf 41 Int Print Ink (12) 46 IntRyCAmpfA_ 25% Intl Salt (11%) 44 Intl Shoe (12) 31% Intl Silver 10% [ntl Tel & Tel _ 24% Interstat Dp St b2% 125% Johns-Manv (13) 34 Kalamazoos (t1)_. 20 Kans City South __. 35 Kans City So pf(a1). 2814 Kaufmann (11.60) .. 23 KayserJ &Co (2) . 98% Keith-A-O pf (b1%) 131 Kelsey-H B (all)_ 102 Kendall pf A (16) 51 Kennecott (b50c) _. 16% Keystone S&W b30o 3814 Kimberly Clark(1) _ 24Y% Kresge S S (b30c) 217 Kroger Groc (11.60) 1814 Lambert Co (2) ___ 17 Lee Rubber (50c) 35% Leh PortCmt 1% _. 1% Lehigh Valley Coal. 10 Lehigh Val Coal pt_ 17 Lehigh Valley R R_ 118 Lehman Corp (13) 16 Lehn & Fink b62%c 611% Libbey-Ow-F b75c - 9% Libby McN & L(al) 25% Life Saver (11.60)_. 97 Ligg & Myers (14)_. 96% Ligg & Myers B t4 153 Ligg & Myers pf(7). 21% Lily Tulip (t1%)_.. 59 Lima Locomotive.... 517 Link Belt (+2)_ ____ 43% Liquid Carb (2.60).. 6433 Loow's 1o (13) acua / 34 Z(Yh 36% + % - % 2% + W 441 +1% 2 +1% +1% W +1% + % + % +1% + T +17 +3% + i .,. % U T T [ WASHINGTON, D. C, FRIDAY, APRIL 30, m Prev. 1937 Prev, 1937 Stock and High. Low. _ Dividend Rate, 21 Loftine . ___ e 9 75% 52 Lone Star Cmt b75c. 10% 6% Long-Bell Lumb(A) 43% 34% Loose-Wiles (2) __. 1093106 Loose-Wiles pt(5) 28% 21% Lorillard P (+1.20)_ 147% 138% Lorillard P pf (7) 28% 19% Lou Gas & Elec (A). 86% Louis & Nash b214 _, 29% Ludlum Steel (t1)_. 29' McCall Corp (12)... 1615 McCrory Stores____. 40% McGraw Elec (12)__ 20% McGraw H P b27%0 33'a McIntyre Porcu(2) - 313 McKeesp't Tin Plate 12% McKesson & Rob __ McKess & Rb pf(3)_ 137 McLellan Strs b75c. 42% Mack Trucks (t1) _ 46% Macy (R H) (12) 11% Mad Sq Garden b95c 4612 Magma Copper (2) _ 16 Manati Sug of (d) .. 13% Mandel Bros (b1) 9 Man El md gtd (d).. 3% Maracaibo Ofl Exp.. 10'% Marine Mid (t40c) _. 26 Market St Ry pr pf_ 41 Marlin Rock (12)_.. 18% Marshall Field 25'% Martin (Glenn)_. 8% Martin-Parry_ 55 Masonite (11) . 357% Mathieson Alk (134) 56 May Dept St (13) _ 10!4 Maytag Co (a50c) 25% Mead Corp ____ 70% Melville Shoe (15)._. 1114 Mengel Co S 41 Mengel 1st pf (214). 58 Mesta Mach (b1%)_ 14% Miami Copper z 28% Mid-Cont Pet al. 38 Midld Stl Prod (12)_ 11612 Midld Stl 15t pf(8) _ 120 100 Minn-Hon Ros (2) _ 161 11 Minn Moline Pow 101 BX'3 Minn Moline Pw pf_ 34 » Mission Corp (a45c) 9% 675 Mo Kans & Texas 3 24'¢ Mo Kans & Tex pf A 3 Mo Pacific (d) : 7 Mo Pacific pf (d)___ 30% Mobawk Carp(1.20) 85 Monsanto Chm(t1). 523 Montg Ward (12) _ 1'3 Mother Lode a12 31'¢ Motor Prod (12) 4 20'4 Motor Wheel(1.60) 6 41 Mueller Brass (t1)_. 4 27% Munsingwear (3)__. 3 2 18 32 Murphy rts May 10_. 1312 Murray Corp(a50c). 58% Myers (F E) (b1)__. 17% Nash Kelv (1) . 36 NashvChat& StL._. Natl Acme (a75c)__. Natl Biscuit (1.60) _ Yatl Bond & In 1.44. 29% Natl Cash Reg (1) _ 2% Natl Dairy Prd 1.20 atl Dairy pf A (7) atl Dept Stores __ atl Dept Strs pf __ atl Distillers(12)_ Bales— !2"(\ 30 10% Natomas (180¢c)_ 54‘, ’\ev\berrv JI 12.40.. YAx' Brake (al)A N Y Central NYChi&StL 83 "\'YChl&Sthf 2 Norfolk South (d)_. 102 Norf & W pf (4) 113 North Am Aviation North Am Co(b30c) orth Am Co pf (3) North Am Ed pf (6) Northern Pacific _ Northwest Tel (3)_. « Norwalk Tire & R x Ohio Oil (af0c) Oliver Farm bqu!BA 16'3 Omnibus Corp vtc 131 Oppenheim Collins.. 35 Otis Elev (60c)____. 1615 Otis Steel . = Otie Stl cv pt (5’1). 13 Owens-111 Glass (3) Pacific Am Fish 1.20 9% Pacific Coast . 253 Pacific Coast 1st pf_ 1615 Pacific Coast 2d ___ 297 Pac Gas & Elec (2)_ 4313 Pac Lizhting (3)- 331 Pac Mills (bioc) IM 2214 Pac West Ol (a83e). 9% Packard Mot (h15c) eP&R ’anhandle P&R pf 2014 Paramount Pic 21407 Paramnt Park & Tilford ( 4's Park Utah 38 Parke Davis (b1)___ 247 Parker Rust (1113)_ 41 Parmelee Trans _ 7 Pathe Film Corp.._. 14'4 Patino Mines(t60¢c). 3% Peerless Corp __ . 4314 Penick & Ford (13) . 9414 Penney J C) (4) _ 7% Penn Dixie Cement. 22 Penn Gl Sdcta5ic_. 39% Penn Railroad (a2). 4613 Peoples Drug (+1)_. 112! Peoples D pf (614) _. 461; Peoples Gas Chy 16% Petrol Corp(A) bioe 97« Pfeiffer Brew b6oc 2-32 Pfeiff Brrts May 13 46'; Phelps Dodge b35c. 49'3 Phila Co 6% pf (3). 8% Phila Rap Tr pf(d). 113 Phila Read C&1 (d)_ 70 Philip Morris(b3%) 4915 Phillips Petrol'm 12 613 Phoenix Hoslery 15% Pierce Oil pt = 50 Pirelli (A) (a3.13) _ 1314 Pitts Screw&B bl5c. '« Pitts Steel _ Pitts Steel pf. Pitts United_. 2 Pittston Co %4 Plymouth Oil (t1 Poor & Co (B) . - 2 Postal Tel&C pf(d). Pressed Steel Car __. Press Stl 1st pf 25e. Press St1 2d pf 2% .. Proctor & Gam(t2). Pub Sve N J (2.60) .. Pub Sve N J pf (5).. Pullman Ine (13§) .. Pure Oil Ture Oil pf (8) Purity Bak (60c) Quaker State O bi5e tadio Corp £ Radio pf A (315) 7% Radio-Keith-Or (4) Raybestos M (t1%) Reading RR (2) Reading 2d pf (2)... Reis (Robt) Reliable Str (a50c)._ Rem-Rand (160c) - SO‘q Rem-R pf ww(4%3). 5 Reo Motor Car. 27% Republic Steel. 3315 Revere Copper. 23 Revnolds Met (11).. 23 Reynolds Spr (11)_. 50 Reynolds Tob B (3). 86 60 Roan Antel (al.12) . 140 117 Ruberoid Co (1.80). 46 37 Safeway Stores(t2) 103 9715 Safeway Strs pf(5)- 55% 4075 100%4 57% 10 Add 00. High, 43! = 29y 24 74 Superheater Co (1). Superior O1) Sutherland P 11.60_. 6015 Swift & Co (11.20) . 375 40 102 1937. Net chge. - % +3% i Prey. 1937 High, Low. 113 110 65 4% 1% 27% 51% 9814 34 235 45% 2% by 95% 34 4215 29 120 100y 14 94 2% 14'% Savage 38 Scott P: 26 Sharon Sharon Sharpe Simm’n 4 Simms Sparks- Sperry Spicer Spic tegel plegel Square Stand B Stand ¥ Stand C Stock and Dividend Rate. Safeway Strs pf(7). 43% St Joseph Ld(b50¢). 3 St L-San Fran (d)__ 6% St L-San Fr pf (d) .. FINANCIAL. E Bales— Net. Add 00. High, 108 llll‘/a 12 Low. Close. 110% 11004 51 b2 3 EE Arms (b2ic) 42 Schenley Dist(b75c) 94% Schenley pf (5% ) __. 17 Schulte R Strs (d) . 16 Schulte R S pf (d)- aper (1) ____ 9 1% Seaboard Air L (d). 44\% Seaboard Ol (1) Sears Roebuck (3) _. Servel Inc (t1) Steel (11.80. Stl pf (5) __ & Dohme Shattuck F G (60e). Shell Un 01l ( Shell U; Silver King (b2c) - Simmons Co (b50c) Se). n Oil pf 53 _ s rts May 19 Petrol _ Skelly Oil Skelly Oil pt (6) Sloss-Sheffield Stl _ Smith & Cor ctfs(1) 3 Smith (A O) Snider Pkg (b13;)__ Socony- % South Am G & P 30c South Port Sug(t2). 4 So Cal Edison 1135 Southern Pacific. Southern Ry _ Southern Ry pf 50s EEL i 212 32 Vae (b25c) Withing Corp vtc(al) Mfg (a3). a0 rpf A (3).. Inc (1) cum pf(43;) 300s D (B) bZsc 3 rands(t80c) 125 srands pf(7) 590s Stand Oil Stand Oil Ind (11)._ Stand Oil N J (1) _ terling Stewar 34, 3 3 2 3% Studebaker Corp___. 21 2 ‘s 68 Sun Oil : Sun Oil 32 20 32 2 14% 14 6015 an Swift 1 Texas ( FAE A4+ Symington ww bloc Symington xw bl0c Tenn Corp (al5c) Texas C as Gulf Sul (12) Prod t-Warn 7 Bros (n) = 25¢). (630 E L (6) _ nter R T A e orp (2) sulf PraSc o as & Pac R R L4 44 de W Tex Pac C&O bloc _ ‘exas P L. T (alle) oid Co n Prod bioe rp at As Oil Puc Tri-Contl (a5lc) - Tri-Contl pf (6) Truax-Traer (b25. Trusco 20th Ce Twin C; TwinC Ulen & l nd-El n Steel nt Fox b50c._ ity RT - R T pfals . 100, Co I-Fisher (3)_ <) Ctd Corp pf (3) Ctd Drug (a75e)-__ Utd Dy United Utd Ga ewood (1) Fruit (13) s Imp (1) - Utd G Imp pf (5) Utd Pa perboard 2 U S Distributing pf. & For'n Secur__ Freight (1) _ U S Indus Aleohol.. U S Leather vtc 1S Leather(A)vtc. U S Pip e & Fdry(3). I‘.eam & Imp _ tubber 1 m Util Pw bber 1st pt__. elting (b4) _ elt pf (333) cLt (A)(d). Vadsco Sales Corp... Vanadi um Corp Van Raalte(b62 Vick Chemical (12). Va-Car Chemical __ Va-Car VaEl & Pw of (6)_._ % Wabash (d) Chem 6% pf. 108 Vabash pf (A)(d) _. Waldorf Sys(11.20). Walgreen Co (2)___. Walker (H) (2) Walker (H) pf (1) .. Walwo Ward B rth Co Baking (A) .. \\am Baking (B)__. rner Bros Pict r-Quinlan(d) \Warren Bros (d) War'n Brev pf (d) Warren Fdy&P(11) Wauke: sha Mot (1) . Webster Westn Westin. Wheeli White Wilcox Wilson Wilson Woolw, Worth Worth Wrigle: Yellow 31 Zenith 10:00 AM.___-_- 12:00 Noon. larations d Companies xEx dividend 37 102 REGISTRATION STATEMENTS. By the Associated Press. Registration statements new securities filed with Commission today included WorthmetongEmny & Machinary Corns Harrison, N. J.. 145.062 sh 100 par 4%, per cent series and for proposed the Securities to. be issu recapitalization plan. No und: Aurora_ Apartments Hotel. Inc., Antonio, Tex.. $549.500 of 3 to 5 first-mortgage bonds and $1.100 o value common stock. issued under re- organization plan. ' No underwriter, Aurora Apartments Hotel, Inc.. 8t. Louls. Mo.. 1.099 voting trust certificates for no- par common stock. - No_underwriter, L. Green Co.. New York variety chain xtom. 40.000 warrants for first preferred fnr stock. for redemption of 7 per cent Dre rred and working capital, Under- wrger to te pamed me&- o ‘ San r cent no-par Y Shares of | sed 0 of $1 par common stock, on lease and working cap- Underwriters, J. W. Goldsbury & Co. | | and others. Roval Ciiina. Inc. Sebring. Ohio, mani- facturer of dinnerware. lml nl par common stock. for debf ebt and | working capital. " Underwriter Thioreon & Hnemd Inc. Detroit haberdashery stores. 250.000 of $1 par value commo stock. parily for working capital. N underwriter. SPECIAL MEETING CALLED. NEW YORK, April 30 (#).—Spencer Kellogg & Son, Buffalo, has notified the New York Stock Exchange it plans to call #& special meeting of stock- holders to vote on authorization of a $5,000,000 issue of preferred stock. Westhse 1st pf (bl) Weston El Inst b25ex 1 Motor _ White Rk M S(1.40) 1 White Sewing Mach White Sew Mch pt 3 3 Yel Tr & Cpf(b1%) 751 YgStn S&T (b75¢) - 6 Zonite Products Approximate Sales of Stocks on the N. ¥. Stock Exchange. . 900.000 Total Sales for the Day 1,450,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly dec- aUnit of trading less than 100 shares. not including _extras. reported Wesson O&S pf (4)- West Penn EI pf(6). Western Maryland_ Western Pacific Western Pacific pf. UnTel (3) . 23 Westingh'se A B(1) 16 gh'se El (b1) 32 108 10 16 ng Steel . 10 Oil & Gas . & Co (50c) ... & Co pf (6)- orth (2 40) Worthington Pump Pump pf(A) Pump pf(B) Wrizht Aero (al) ' y Wir (13) Yale&Towne(760c) Tr & Coach =1% 34y 6% Radio (b1) - 5% — % +410,000 11:00 A.M.. 1:00 P, M. . 710,000 1,120,000 tAnnual rate— bPaid this year. being reorganized a Pald last vyear. in retetvership or NEW YORK SUGAR. NEW YORK. April was unchanged eerly today at 3 4: spots. with no sales reported there were increased offerings | level. Tt was believed bids of le | have' been ‘accepted. but buyers no_apparent_interest Rasiness n London offerings in the spot market were re- sponsible for lower values in futures The No. 4 contract declined about 3 to 315 points early under European liquida- tion.” which uncovered stop orders. but rallied partially on covering and at mid- ki for would and more liberal ut 1 rlllked “trom 1147 0 1105 e No. 3. however, showed little vari tion.in Brices. Which at midday wer: to 2 points lower. with May at 2.50 and July and, September at .4 s Was mnchanged at 4 80 for fine nmumed, with business light. A 2 +3% | 30 P.—Raw sugar | although | this | showed | lo,3, Boints net lower. STOCKS RECOVER FRACTIONS T0 % Steels and Carriers Lead Broad Advance, but Volume Is Small. Stock Averages Indus R, ] u i I3 Net change. + x“a’ J‘a 5‘1‘0 Today, noon 91 2 452 433 676 Prev. day__. 90.1 43.6 430 666 Month ago. 957 458 464 708 Year ago. 329 441 586 1937 49.5 540 753 1937 7.8 428 662 1936 435 537 728 1936 302 434 557 1932 low... 175 8.7 239 169 1929 high___146.9 153.9 184.3 157.7 1927 --- 516 953 61.8 61.8 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, April 30—Stocks | stepped into the recovery parade to- d and retrieved fra"tmn\ to 6 or more points of their recent relapse The comeback was accomplished xceptionall 1 volume consid- ering the breadth of the advance, Financial commentators thoughs, many traders were stil impaired z it was believed. were reversal of trend and de- clined to leave the sidelines unti] right-about was more established Tokerage quarters said the uptu 1 Was partly of a technical nature, ine «| spired by considerable short covering, | feinvestment demand, drying up of | foreign s°lling and improvement in lately weak Paris and London markets, Steels a ails led the revival, close- ly trailed by farm implements, rubbers, electrical equipments and specialties. There was some cashing in of profits on the final lap and top prices were lowered in many stances before the | close Transfers shares of the definitely were around 1,400,000 was a delayed Steel, but it with a 3.00 points. throughout nearly as opening in eventually ap- -share block, up It held around this level United Sta! good s Into new high territory for the J. I. Case got up about 7. in front were National . Youngstown Sheet & Tube, New York Central, Union Pa- cific. Pennsylvania. Southern Pacific, Great Northern, Southern Railway linois Central, West Electric. Du Pont Deere, Oliver Farm Rubber, Goodyear Motors. Yellow Tr 8. Howe Steel ed Chemical, United States Goodrich, General Power & Loes ° As \E\’\' YORK, Ap'll 30 —Quiet but firm conditions prevailed today. hough opening advances in re- sponse to firmness Liverpool met rencwed foreign selling, the market again worked higher in the afternoon on trade buying and covering pro- moted by the g steadier tone in cotton reacted from 12.98 recovered to 1295 by market was Cottonseed Oil. Bleachable cottonseed oil closed strong. 18 to 27 higher. | 177 contracts, including 12 switches. May, 9.85b; July, 10.03b; September, 10.07-09; October, 9.95b; December, 9.88. b—Bld. futures Sales, New Orleans Prices. NEW ORLEANS. April : s jumped 14t ‘ pe— FOOD MACHINERY NET ADVANCES TO $447,040 By the Associated Press. | SAN FRANCISCO, April 30.—Food | Machinery Co. reported the highest March-quarter earnings in its history. | Profit was $447.040. compared with $211,612 in the 1936 quarter. Earnings for the first half of the fiscal year, ended March 31, were $686.561, compared with $347,512 last year. Under the employes’ profit-sharing plan. the company paid $86436 to | workers during the last six months. BONDS suitable for INVESTORS Th; 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 arailable upon request GILLET X Cge Woodward Building National 2460