Evening Star Newspaper, May 7, 1937, Page 15

-ANClAL THE - EVEN. G STAR, WASHINGT! RIDAY, MAY 7, 1937 FINANCIAL ¥ ¥ ¥ BONDS REGISTER MODERATE GAINS Rate on Bankers’ Bill Re- garded as Sign of Money Situation. Bond Averages mfix lnmm otfl P, Net change. 3 1 +2 +.3 Today, close 94 2 103 3 99.0 Prev. day... 9391032 98.8 Month ago. 93.2102.5 99.5 Year ago__. 91.3102.3101.3 1837 high__. 99.0104.4 102.8 1937 low.. 102.4 98.7 1936 high... 98.2104.4 103.1 1936 low 86.9101.8 993 67.6 1932 low... 45.8 40.0 646 422 1928 high_..101.1 98.9102.9 100.5 10 Low-Yield Bonds. Close ..._110.1 Prev. day- 109.9 Month ago 108.4 Year ago- 111.5 1937 high. 113.7 1937 low.. 108.4 1936 high_ 1135 1936 low-_ 110.2 1928 high. 1044 1932 low.. 86.8 71.4 1.1 70.9 69.0 4.7 70.5 3.0 (Complled by the Assoctated Press.) By the Associated Press, NEW YORK, May 7.—United States Government and top-grade corporate loans turned in good gains in the bond market today in response to a reduc- tion in vields on bankers’ bills. Investment circles regarded this de- velopment as confirming recent fore- casts of Federal authorities that long- term money rates would continue low. Gains in Government issues ranged from 1-32 to 9-32 of a point. Late im- * provement in some corporate issues ran to major fractions. Many junior and speculative loans were up fractions to a point or more. FAIRCHILD AVIATION REPORTS BIG BACKLOG By the Associated Press. NEW YORK, May 17— Aviation Corp. announced orders on March 31 amounted to $1, 147,502 against $599,744 a yvear ago. Airplane sales by Fairchild Engine & Airplane Corp. in the first quarter totaled $129.143, a gain of 141 per cent over the like 1936 period. DIVIDENDS ANNOUNCED NEW YORK. May 7—Dividends de- clared. Prepared by the Standard Sta- tistics' Corp. Fairchild Extra. iy Stk of Pay Rate. T 10c Electrolux Corp N Co lic atl Pres Cooker Special O § Graphite Co bic Arrearage. Crucible Bteel pf Increase. Parker Wolverine 500 Initial Buperior_Of1 5 United Paperboard 10c Regular. Allied Prod $1.75 class A American Cap $5 50 pr pf <1 43%4c Case J'I 2% pt 1 Electrolix _Corp Firestone Tire & pf unfilled | | Ger C Ag Bk 6860 Oct TREASU %S 1949-63 .. %8 1945-4T e 3% 8 1948-51..0_ 2% 8 195164 aue 2% 5 195669 e 2% 1960-60 e 381946-48 ______ 38195166 e 3%s 1949-53 . B m 1941 3% 81944-468 8% s 1940-43TJune 8% 8 1941-43 Mar. 3% 8 1943-47_ 48 1944-64 438-3% 8 1943-45 4% 1947-62 102, 3w 1942-44_ Abitibl Pa&kPw 6863 . Antloqula 7s ‘46 A Antloquia 2d 75’67 new Antioquia 3d 78 '67_ Argentine 4%s'71 Argentine [ 148 62__. Argentine 6857 A. Argenti; 68 B Argentine 6s 69 June. Argentine 63 ‘59 Oct . Argentine 68 ‘60 May . Argentine 68 ‘60 Sept.. Argentine 6s ‘61 Febr._ Argentine 68°6) May._ Australia 4%s" Australia 6s ‘5| AustrianT7s ‘57. Berlin 68 68 __.eoo._. Berlin 638 60 Brazil 6348’2 j Brazil 6% '27-"67 .. Brazil 78’62 Brazil 8s 41_ Brisbane 6s "5 Budapest 6s ‘62 unmat COUpPON 0P ann Buenos Aires 4%e-3%8'TT Py ___ Bue Af ¢58-4%s8'75__ Buenos A C 6860 Oct_ Buenos A C 63%s 85 Bue A C 638 'f1stPv_. Canada 2%;8 45._ Chile 6861 Jan Chile 6s 61 Sept Chile 7m '42 Chile Mtg Bk 6148 "57- Chile Mtg Bk 6% s '61_ Chinese Gv Ry5s'51 Colombia 6s 61 Jan Colombia Col Mtg Bk 78 '46 Covenhagen $3%s '53. Covenhagen 6852 Costa Rica is A '51___. Cuba 5138 45 Denmark 4% Denmark 6% 55 . | Denmark 6s 42 Dominic 18t 5%s 42 _ Finland 6= 45 Frameric In 71542 Frankfort 61,8 53 _ French Gov 738 41 Ger C Bk A 6s°38 = Ger Gen Elec 7845 Ger Gov 5348 65 st Ger Gov 5148 65 un st. Ger Rep 78 49 un » Q Q Q Q Q 2 Q ¢ Q Q Q Q Q T Eudion Mz Associates 55 May Dept Stores __ 7bc May Dept Stores ____75c Mauntain_ Producers Nebr Bwr' < of.228 Prentice Hall Erentice Hall pf Sve Colo 7% P_Svc Colo 67 Thew Shovel pf Unyted Paperboard va'E X P 86 bt Dggnooo 28 3! $1.50 @ 5-2. R _ NEW YORK BANK STOCKS NEW YORK. May 7 (P -—New York Becurity Dealers’ Association (Quotations as of 2 o'clock.) TS ) D Bk & Tr (4) Nat (1.40) & Tr (1.80)_ Commercial (%) Cont Bk & Tr (&0)_ Corn EX Bk & T (3) Empire Tr (1) Nat (Bos) (2)° NEW YORK. May 7 (#.—Federal Land Bank bonds: Bid, Asked. | 1031 19 Le Colored, 24- *Plymonth Brronert colored., R 16 and White Rocks Plymouth and White 21: Leghorn Wi ock 14 unds up wBuller ic (93 score). 41152 s A00-61) 28-29; 1 amery specials extras (97, o e fro: graded firsts, rrent receipts, : storage ts, ©5. on track, 137; total United 7 old 'stock. Tdaho "stock about steady: Sacked. per a ocal ocal, 193 360 orage packed ex packed firs Potatoes. +Btates shipments Russets, weaker. oth gupplies light. dema undredweight. _Idaho BTN U 0. 1, unclassi- 1 supplies 1ight: demand 1 Sacked, per hun- dredwemhl Bliss Triumphs. Louisiana. U. 5. No California \\!n'(- ‘Rose, U. S. No. 1% few 00 sales, 3.00- CHICAGO LIVE STOCK. CHICAGO, May 7 (P (United States De- artment of Agriculture).—Hogs, R.000. ncluding 4,000 direct: market strong to 30" hisher ihan Thuriday's average: ton, bulk good and choice, 200-300 pound< 10.25810.40: 150-190 pounds, Grt CElJap 7844 __ Hait! 6852 - Hung Con M 7% 8°45 unmat counon on __ Hung LM 7%8°61 A__ Hungary 7%s ‘¢4 Febr coupon on._. Italy 78 ‘51 1tal PUCrd 7s *52____ Japan 6%s ‘65 Japan 6%s'5. Kreug&Toll 63 '59 cts_ Lombard Elec 7s '52 Mex 45°10-45 asst _ Mex 45 °10-45 asst sm Mex 48°64 asst Montevideo s " Montevideo 78 '52_ New So Wales 55’57 Nord Ry 638 ‘50 Norway 4863 _ Norway *%s '65_. Norway 41,8 '56._. Norway 68'43________ NOTW&Y 68 €4mmmeee__ 0810 434866 oo Panama 5s°63__ Panama 6863 stp as_.. Pernambuco 78 47 Sept coupon off ... Peru 63°60___ Peru 6s ‘61 Poland 6s'40__. Poland 7s '47__. | Prussia 6s'52 | Rio de Jan 634853 Aug coupon off Rio Gr do Sul 75 66 May coupon off _ Rio Gr do Sul 7s '67 June coupon oft Rin Gr do Sul 8s " April coupon oft Rome 81 = | Rumania 7 820 Paulo St 6s ‘68 July coupon off Paulo St 78 40 Sao Paulo St 7s 56 Sept coupon off Sao Paulo St 8s ‘36 July coupon oft Stlesta Prov 7s ‘58 _ Sydney 6%s '55 Tokio 5%s ‘61 Tokio E L Ltd 6; Un 8t] Wk 63%s8 47 A Un St] Wks 6% '51 A. Uruguav 6s 60 _ Uruguay 6s 64 _ Vienna 6s'52 May co_ Adams Express 48 *47 Adams Express ¢s "8 Ala Grt South’n 4s 43 Alb&Sus 31,8 ‘46 gtd Alb&Sus 314 s46rg gtd Alb Per W P 68’48 ww Alleg Corp 68 "44 _ Alleg Corp bs 49 Alleg Corp bs '50 Alleg Corp 68 ‘50 llb.. Allied Stores 414s ‘51_ Am & For Pw 659 2030 _ AmIGCh6%s 49 Am Int] 638 '49 97.26 100.12 99,27 99.24 100.26 108,10 102.16 104.6 106.8 10625 1065.18 106.17 106.4 110,22 105,26 102.2 100.4 RY. All time shown below is daylight saving on which the Exchange i operating. High Low. Close. 9728 9725 101.2¢ 101..9 104.1 100,12 10712 99.27 ¥9.27 99,22 9 100.24 100,26 108.10 108.10 102,16 102,16 104.6 106.8 1008 105.26 1 106,17 108,18 106,12 106,17 106.4 106.4 110,22 110,22 100.26 106.26 116.2 1184 100. FEDERAL FARM MORTGAGE. 102,18 102,15 102,18 1022 1022 102.28 102.20 102,20 HOME OWNERS' LOAN. 99.18 99.18 99.18 100.4 101.26 101 20 101.28 FOREIGN BONDS. Low. Closs 100% 141 13% 13% 9814 1008 101% & 10034 100%% 102 10144 1064 1014 1984 195 381 3834 0% 49% 102§ 20% 7% 8035 1011 - 10034 85 99 99 1073 10034 10134 101% 10134 100% 101% 101 10634 1015 19% 19% 8814 40 49% 1025 9635 50 0 6% 64 6 875 3% 6015 6 102% 1063 963 4 1013 4 108% 103 101 106 106 10634 99} 7 L 25 1944 19% 4815 6134 19% 263§ 27% 284 3134 T4} 86 2674 23 2834 3834 4334 103% 6 7834 2534 2634 6614 6534 9535 DOMESTIC BONDS. 10634 10534 104% 143 134 18% 9844 1008 101% 10044 10034 10134 101% 10134 10074 101% 10135 10634 1013 19% 19% 88y En 40 494 10244 294 6% 803 10134 10034 1061 80 107 108 19 115% 42% | 82 304 26% 2834 243 954 9834 28% 25 b1y 8634 6 83y 96Y [ T 61 614 6% 8% 7844 6045 67 102% 10634 963 10134 1083 10634 1063 9934 L4 681 25 19% 19% @Yy 62 19% 26% 2% 28% 1434 36 9 % 106y 10834 BONDS ON N. Y. STOCK Dymmumaumumsm. Approximate Transmctions Today. High. Low. Close. 11734 1173 1175 - 12434 12434 1244 Beth Steel 43 Bos& Me 4% Bos & Me b Bklyn Ed con 31 8°66 - Bklyn Man T 4%s 66 Bklyn Un EI 63’60 Bklyn Un Gas bs 45 Bklyn Un Gas 6850 _ Bklyn Un Gas 6857 B Brown Shoe 3% s °50__ Buff GE 4%s'81 B Buff R&P con 4% s BCR & N 6834 ctf Bush Term Bldg 6s '60 Canada So 6862 A_ Can'dian N R %8 Can'dian N R 4% s 66 Can'dian N 6869 July._ Can‘dian P db 4s perp. Can'dian Pac 4%s '46_ Jan‘'dian Pac 434860 Can’dian Pac 55°44 cts. Yan'dian Pac 6s ‘64 CaroCl & O 6852 A. Cent of Ga con b8 "45._. Cent of Ga 6569 C____ Cent I E& G 6851 Cent of N J 4587 Centof N J gen Cent Pac 1st rf 4s 4’.. Cent Paoc bs ‘60 Cent P Tr Sh 48 '54_ Cent Steel 85 ‘41 Cert'd deb 614548 _ Champ P& F 4% '50_ Chesap Ccv 6s 44 Chesap Corp b» 47 Ches & O 318 96 D. Ches &0 3%s 96 B C&Ogen ¢34s 92 C & O con 68 °39 Chi & Alt ref 3849 Chi B & Q gen 45 '58. ChiB&Q4%s 17 Chi B & Qref 53°71 Chi B&QI A1v 3% &4 _. Chi B&Q (11 dv ¢s°49_ Chi & E 111 58 °51 Chi & E [1158 ‘51 ctf; Chi Grt West 48 °59 Chi Ind & So 4s°'56 CM&StP gn 3148 '89 CMStPd4s'89 CM&StP gn ¢ %8s 89 C. CM&St P 6876 . __ CM&StP&P ad) 682000 Chi & NW 4148 2037 _. Chi & NW 41,8 2037 C. Chi & NW 4% s 49 __ Chi & NW rf 682037 __ C&NW Nr W 618'36_. ChiR I&Prf 4884 _. Chi R &P rf 48'34ctf_. Chi R &P gen 48'88 __ Chi R I&P ¢%8°62 __ Chi R I&P 4%s ‘52 ctf. ChiR I&P 415 60 __ Chi T H&S 1st 58°60 _. Chi T H&S Inc 68 °'60_. Chi Un Sta 3%s°'61 __ Chi Un Sta $%s 63 E_ Chi Un Sta 4s'44_ Chi Un Sta 4s '63_ Ch1 & W In con 4. Chl & W Ind 4148 62_ Childs & Co b3 43 CiInG& E3%s 66 Cin Un Ter 3%8s D gtd. Cin Union Term 68'57_ CCC&St L gen 48°93 __ CCCASt LTt 4%8'17T B COC&St L ref 65 '63 D CCC&StLCW&M 48'91 Tlev El 111 33,8 65 Clev Un Term 4145 '77 Clev Un Term b8 13 B Colo Fuel&Iron 58 '43_ Colo & So 43,8 ‘80 Columbia G & E deb 6852 April Columbla G & E b8 52 May Columbia G&E 6s 61_. Colum Ry P&L 48 65_ Comcl Credit 318 '51_ Com Inv Tr 814851 Conn Riv Pw 3% 8'61A Cons Coal Del bs 60 Cons EANY 3% 8 46 n_ Cons £4 NY 3%.8'56 n Cons Gas NY 4148 '51_ Consol O11 3348°51 __. Consum Pwr 438 66 _. Ccasum P un 33865 Cons Pwr 3%8°70_ ___ Consum Pwr3%s'65_. Container 68 *46_ Crane Co 3% CrownC &S 50 Crown Will P 68 '51. Cuba RR 18t 68 '52_ Cuba Northn 6%s"42_. Dayton P&L 3%s "60__ Del & Hud ref 4s°43 Den G & E 5561 Den & R G con Den& R G 4% Den& R G W 68 °'65___ Den & RGW 6s'65asst_ Den & R G ref 68°78 _ Det Edison 418 '61 D._ Det Edison 6s ‘62 " Det River Tun 435’61 Duquesne Lt 3%s'56.. Elec Auto Lite 48°52__ El Paso Nat G4%s'51_ Eriecv 48’63 A_, Erfecv 4s'53 B___. Eriegen 48 96 ______ Erferef 5867 . ____ Erieref 53°75_ Erie & Jersey 6 Fairbks Morse 48 '56__ Fed Lt & Trac 68 42 Fed L&Tr int 5542 Fla ECRy 4%8°69._. Fla ECRy 6874 Fla EC Ry bs ‘74 ctfs_ Fond J&G 2s-48'82 ct_ Gen Cable 5158 47 Gen Mot Acc 38 Gen Mot Ass 348 '61_ Gen Stl Cast 5148 *49 _ Ga Caro & Nor 68 '34_. Goodrich 4% s '56 Goodrich 6s 45 Goodyear T&R 68 ‘57 Goth Silk H 6546 ww Gt North'n Ry 3%5'67. Great N Ry 48 46 G Great N Ry 48 46 H Grt NRy ref 41861 A GrtN R gen 4%8'76 D Grt NRgen 4 %4877 E Grt NRgen68'73C__ Grt NRb6%s 62 B Green Bay 5s'62 B Gulf Sta St15%s 42 _ Gulf States Util 4s ‘65 Hack Wat 1st 48 °52 Hock Val 438 99 Hoe (R) 1st mte Houston O11 5% s *40. Hudson Coal b8 ‘52 Hudson Co G 15t 55°49. Hud & Man inc 68 '57_. Hud & Man ref 55 '57. [11 Bell Tel 334870 111 Cent 338 52 111 Cent col tr ¢8°52 (11 Cent ref 4565 _ [l Cent 4% s 66 [liCent W L 18t 4s’51. ICC&StL N 0434863 _ ICC&StL NO 6z 63 . Ind’polis U R 6565 B Inland St13%s 61 Int R T 1strt LRT1strt 68’66 IntR T és 32 IntR T 6s°32 ctfs. ot R T 7s 32 96 95l 10334 103% 80 80 85 85 834 B4y 28% 29 27 28% 100% 1003 9 9 105 106% 125 112% 99 99 106 106 1043 105% 10834 10834 8614 8634 28 28 63 63 11334 1184 1115 111% 11434 1143 11434 11435 [T 106 106 1013 1013 16 11 10814 1081 110% 110% ETR ) 20 20% 101 101 57 b1 6915 6914 108 108 9% 99% 10434 104% 128% 128% 87 87 105% 106 1164 11634 181% o7 97 17% 118% 111% 114% 114% 9K 105 101% 11¢ 1083 1091 108% 116 106 109 1034 1063 10624 1084 10374 1015 904 1005 10315 10834 99 9674 10834 95 1074 102 10574 105 65 103% 108% i 101 10674 9814 101% 10434 633 1043 10334 § 1074 10834 101% 106 1084 994 106 104 543 6045 104 908 10815 201 3044 1744 17 2514 11285 10734 114 104% 109 10214 117% 101% 10234 EXCHANGE men, 104 108 1114 104 102 82 39% 84y 83% 1048 10834 1028 108 383§ L&N 4%82003C. L &N 682003 B L &N Atl K&C 48'55_. McKess&Rob 6% 8'50._. MeCRRclt 4845 A__. Me C RR gn 4% 8'60A _ Manhat Ry 4s°90 Manhat Ry 48°90 ctf; Manila RRS I 48'39_. Meac Co 68 *4b 1. Mil Spa & N W 4s'47_ Minn & St L 6834 ctfs. MStP&SSM cn 4838 MStP&SSM cn 6838 MStP&SSM 638 '¢9 . MStP&SSM rf 65 46A._ MoK&T4s'62B _ Mo K & T 1st 4590 MoK & T 6262 A MoK & T ad) 6867 __. Mo Pac ¢s 75 Mo Pac 68’65 A Mo Pacbs 77 F __ - Mo Pac 6877 F ctfs_ Mo Pac 68 '78 G Mo Pac 6878 G ctf; Mo Pac bs ‘80 H. Mo Pac bs ‘81 1 MoPac6%s 49 A __ Mob & Ohio 43877 Mob & Oh M div 55’47 Mohawk & M 48’91 Monong Pub 8 4% #'60. Monong Pub 8 6565 _ Monong Ry 18t 4s ‘60 . Montana Pwr 3% s '66_ Mont Tram 418 '65 Mont Tram 5s 41 Mor&Essex 3% s 2000 Morris&Essex 438 '55 Morris&Essex bs ‘65 _ Mutual Fuel G 5s'47__ Natl Dairy 3% #'61ww. Natl Dis P C 4%8'46 Natl RM 1st 45'51 asst Natl Steel ¢s 66 _ __ Newark C Gas 5548 __ New Orl P S bs 52 A New Orl P S 6866 B New Orl Ter 1st 53. New Orl T&M 65 °61 B_ New Orl T&M 638 '64. YT&M 6% s'54A cts Y Central c %~ 53 NY Centrai 314m 97_ NY Central § 108% 10e% 8% 104% 18 NY Centrf 434820183 NYCrf4l4s2013n NY Cent rf 682013 NYCLSh34s'98 NYC Mich C3%s°98_. NYC&St L 18t ¢ NY Ch1 & St L 68°38_, | NY Dock 18t 48 °61_ NY Dock 6s 38 NY Edison 3%8'65D_ NY Edisref 358 66_. NY G El H&P 45 49_ NY L& W Lst s 1: NY NH & H 4s NYNH&H ¢4s° 57 NY NH& Hev 6s 48 NYNH&HCR 486 NY O&W gen 4865 NY O&W ref 48 92 NY Steam st 68 '51_. NY Steam 68 56 NY Steam 1st 6547 NY Tel gen 4% s 39 NY Tr Rk 6846 stp__. NY W& B s 46 Norf So 1at 68 *41 Norf So 1st ret 6861 Norf S 1st rt5s'61 cfs.. North Am Co 6s 61 - North Am Ed 6s ‘57 A_ North Am Ed 6s 69 C_ North Am Ed 6%s 63 Norn Pac gen 3s 2047 Nor'n Pac gn3s2047 rg Nor'n Pac 48 '¢7 Nor'n Pac 4%s 25‘7 North Pac 55 2047 C_. Nor'n Pac 58 2047 D_ North Pac 6s 2047_ Onhlo Ed1son 48 "65 Ont Pwr Niag 68 43 Orez W RR 45 61 Pac Coast 5546 PwGla&b‘Adhl L] PacG & k2 3% 861 PacG & E 5 64 Pan Am PC 6540 Paramount Pio 68 '66_. Parmelee 63 44 Fenn Co 48 63 Penn Dixie C 68 41 Penn O & Det 4148 Penn O & D 4348 77 Penn P&L 43 81_ Penn RR 3% '62 Fenn RR 3%s 70C_.. Penn RR con 45 48 Penn RR 4 s ‘81 D. Penn R R 448 ‘84 Penn KR gn 4148 66 Penn RR deb 4148 °70_ Penn RR gen 6s ‘68 Pere Marq 435580 _ Pere Marq 1st 48 66_. Phila B&W 41,8 '81_ Phila Co 6s 67 - Phila & R C&1 6873 Pnila & R C&1 68 49 Philiopine Ry 48 37_. PCC&St L 434877 C| PCC&St L6870 A __ 2Its&W Va 414559 B Port Gen El 4%8 60__ Postal Tel & C 6863 . Potomac E1 P 38 '66. Pure O11 414860 ww._ Pure Ofl 4% 8 ‘50 xw_. R-K-O 67 ¢1_ Reading R 434897 A. Rem-R 5%8 47 A ww_ Republio Stl 4%8°50_ Republic Stl 4348 66_. Republic Stl 434 ‘61 Republic Stl 6% s 54__ Richfield O11 6s 44_ Revere Cop 448 66 Richfleld O 68’44 ctfs R1A&L 18t 42834 _ Saguenay Pw4 % 5'66__ St Jos & Gr Isl 45 47 StJo Ry L T&P 58 '37. St L IM&S R&G 48'33 St LIM&SR&S4s'33ct_ StL R M & P 53 '55 St L-S Fran 43 '60A __ St L-S F 48 '60 A ctfs._ St L-S Fran 4348 "78__ St L-S F 41878 cf at_ St L-S Fran 63’50 B _ t L-S F 68 ‘50 B ctfs_ StLS W 1st 4889 StPKCSL4%s 41 St P M&M P ext 48'40. St P M&M ext 6343 _ San A & A Pass 4s 43_ Schuleo 6% s'46 A stp_ Seabd A L 45 ‘50 stp._ Seabd A L ref 48 S S K M. Seabd A-F1 68’36 A ct. Shell Up deb 3%s '51_. Skelly Of) 4s '51 Socony Vac 3%s ‘50 South Bell T&T 6s " Southn Cal Gas 4s ‘65 Southn Cal Gas 4% '61 So Colo Pwr 63 47 A__ South Nat G 4%8'51_ So Pac3%s 46 So Pac col 48 49 8o Pac ref 4s b5_.... So Pac 4%s ‘68 _. So Pac 4%s"69._. So Pac %8s 81._ So Pac Oreg 4% Low. Close. 104 104 108 108 m 1t 103% 104 102% wz% 814 89 nw 8484 34% 8315 8R4y 10435 10434 1084 108y 1024 1024 @ 164 83 any HBlg 1021 10214 106% vy 801 101% 939 111% 103y 11 10434 1128 1063 7234 V1l 101% 106 1003 108 99 FREIGHT LOADINGS AT 182,423 MARK Week’s Increase Raises Total 15.1 Per Cent Above Year Ago. NEW YORK. Muy 7.—The Asso- clated Pros aenronally adiusted weekly loadings, based lined today to 2 the previous woek and VK n year ago. Rangn of recent years 7, 10540, . 1934, 19 iN 656 6 605 47.7 Tigh ow By tho Associated Press. The Association of American Rail- ronds reported today 782423 cars of revenue freight were loaded during the week ending last Saturday. This was an increase of 21,241 cars, or 28 per cent, compared with the preceding week; an increase of 111,535, or 15.1 per cent, compared with a year ago, and an increase of 213496, or 375 per cent, compared with two years 2go. The report classified the loadings as follows: 5 wk 880, 25.8K4 Last, wk. Year = +42.290 oL 1479 - (141 T Miscellnneous 3 Less than car Coal Grain 171308 FEDERATED DEPARTMENT HOLDERS APPROVE ISSUE By the Assoclated Press. NEW YORK, May T7.—Preferred stockholders of Federated Department Stores, Inc., today authorized a $2,- 000,000 bond issue by one of its con- trolled companies. Issuer of the proposed bonds is John Shillito Co. of Cincinnati, subsidiary of F. & R. Lazarus & Co, of the fed- erated group. A first mortgage issue, bearing 415 per cent, the securities will be uncon- ditionally guaranteed as to principal and interest by the Lazarus concern. In addition to the Lazarus com- | pany, which operates at Columbus, | Ohio, Federated has controlling inter- ests in Abraham & Straus, Inc., Brook- | Iyn, N. Y.; Willlam Filene’s Sons Co, Boston, and Bloomingdale Brothers, Inc., New York. Washington Produce BUTTER-_62 score. 1-pound prints. 33 a0 se pound ‘prints, beef. 18 : pork loin slab bacon, 1475, calves. 16; frozen com- veal. ‘16 sliced bacon, pound. 13': VE ST 14 medjums $34 roughs 5laas Prices paid ship ington " By Agriculturs] T \u-:A‘rs-chwe lamb._ 2 calves TS, net about anged Current 19: hennery whites. 16-2 graded and dated white paid shipoers, extras mxn steady at ce U. 19: U dards. large HVE et R Y e about steady nchanged prices Fowl. colored. hes 15 chickens.” Ro Lechorns. 17 5. 25e1 Theve od hens old toms Fruits and Vegetables. Bales in large lots. by original receivers, up to N am. today APPLES-——No carlot arrivals: one broken car on track. Supplies moderate. demand moderate. market steady. Maryland, pennsylvania, Virgina and West v bushel baskets. No. W 1%-inch u.-x'.' 1 0a1 157 2-inch” ‘minim; 234-inch ‘minimum, mosily Around Yellow Newtowns. 3Y-inch a1.75: 2'a-in inch minimum. inch minimum. mum, 1 4 Y mrh minimum agons, 2'z-inch -inch ' minimu; ch’ minimum. mans. 2le-inch min inch “minimum, fancs “and fa U. S. Lead Stocks Continue Steady Decline in Month By the Associated Press. NEW YORK, May 7.—Continuing the steady decline started in August last year, stocks of lead at smelters and refineries in the United States dropped 15454 short tons in March, the American Bureau of Metal Sta- tistics reported today. Stocks on hand April 1 totaled 212,- 831 tons, compared with 228,285 March 1. Receipts of lead in ore and scrap by United States smelters during March totaled 50,678 short tons and for the first three months 130,562 tons, the report stated. SOUTHERN PACIFC REVENUES JUNP 1936 Total Best Since 1930 and 25 Per Cent Ahead of 1935. By the Assoctated Press. NEW YORK, May 7—Southern Pacific Lines, second biggest railway system of the country, today reported 1936 operating revenues of $204,338,- 550, the largest since 1930 and a gain of 25 per cent over 1935, The annual pamphlet report said conditions affecting traffic volume were generally favorable throughout the year, and the Increase in operating revenues resulted principally from a rise of 31 per cent in net-ton miles of revenue freight. Also & factor was a gain of 21.8 per cent in revenue passenger miles of the steam rail lines. Heavier traffic, the report said, was augmented during the last three months of the year owing to interrup- tion of steamship service at Pacific ports, Operating expenses increased 195 per cent. Taxes rose less than 1 per cent. Equipment and joint facility rents increased 32.3 per cent. Net railway operating | totaled $34.086,680, an | 71.8 per cent revenues was 25.9 per cent. The emergency freight rate sur- charges authorized by the Interstat Commerce Commission in April, 1935, and which expired December 31, 1936, produced about $2.570,000 for South- ern Pacific Lines, compared with $1,- 400,000 in 1935, income increase NEW YORK SUGAR. NEW YORK Ma was unchanged early today a spOts. With no sales Teported e some n SuRars available at this level but “local " refiners ‘showed mo. interest above 349 Futures were fir for the No. 4 con- er covering and commission tract on fu house buying by ‘the firmness of “the Loy and a_favorab. interpretat e - recnlvs & fernational conference tract, however wac quiet regular p: Yith SmalL’ Iy up to ] 2 cl Julv, No, 4 -0 and SPD‘»r\hflr o 1 i to fin ‘the marke; al midday hoiding within & fraction of the_best Trading in the No ract was cor fined to May at 250 point net lower and to’ JulY and September at 251 or 1 point_net higher fined was quiet and unchanged at 4.80 for fine n.m)atea MONTBEAL SILVER. MONTREAL. May 7 (P)——Silver futures opened steady, 1 20 plower. May, 4.80 14700 sentember 44°0b cont — . RUBBER FUTURES. NEW YORK. May 7 () —Crude rubber futures opened Arm. 7 "to 41 higher. | May. 21 "5',‘, July. 22.28-10; Scotember. 22.40. We Are Making Golden Delic; a Iicious. | a2 Targer. ney and fancy. 00, Winesaps. ex 1 1135, en Dehcm\u( 1445 . 5 !ev\ }nlhn Lowrys. | a0 1605, 5. OES8—One " Idaho, one Florida, thies Masae arroeed: St broken and_ten unbroken cars on track. plies moderate: demand moderate; market Blihely stronger, Hundred- pound _sacks. U, S Malne, Green Mountains, T2 78" 1dano. Hiceet Bovbanpa” A0 3.10. " New stock: Supplies light: moderate; ida dousle. 8. No -6.00: mostly 5.7 ASPARAGUBL N0 cilon” Sitia cars on track. Truck receipts light plies light: demand moderate: steady. New Jerse: bunches. colossal. Tharke: pyramid crates. dozen 5-4.00 fancy, .00~ crates, dozen bu; CABBAGE.No carlot arrivals: one un- broken car on track. Truck receipts light supplies light: demand moderate: market e South Carolina. 1':-bushel ham- | Dointed type. packed locally, 1.2 CARROTS—One California arrived: one | broken and one unbroken cars on track. | Suppiies light: demand moderate; markei California. Western lettuce crates, 50 Torne behel Daskeis” 155 LIFLOWER—No carlot arrivals: five broken cars on track. Supplies moderate: demand _moderate: m fornia._crates. *00- CELERY_—Two Florida arrived; five broken ‘and two unbroken cars on track Supplies’ moderate: demand light: market steady. - Florida. individually washed: 10- inch crates and 1fi-inch crates. wire bound 3-10_d. ?.00-2.25 L California : seven broken and three unbroken cars on track. Supnlies liberal: demand moderate: market steady Western crates. Iceberg type “mostly fair to ordinary conditlon: Californin. s doven.” 4.00-5.00: wers few sales high as -50: 6 oren. tRIF condliion, Onlon Prices mudx. ONIONS—One New York. three Texas arrived: four unbroken cars on track. Sup- plies light: demand moderate: market Fifty-pound sacks. U. 8. co; Texas: Yellow Bermudas, 1.6 two_broken Cryst=1 White Wax EAS__No_carlot arrivals: ears on track. Truck receipts light: sup- plies light: demand lizht: market ‘weak. Soutn, Carolina. bushel hampers, 1.00-1.10} very few sales high as 1.2 High. bo'%m'o:l nited Rys St L 4s°34 31 29! gs Rubber bs 47 107 106% 107 Utab L & T 6844 (A)_ 99% 994 99L5 Utah P & L 68 *44 - 1017 101% Utll P &L 68 69 ww. 1% 6034 UHI P& L 5% 47 82 82 Conservative Loans on Business Property Only at 412% for new construction or refinancing. HANNON & LUCHS Mortgage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. N.W. Natl. 2345 WEATHER SPURS RETAIL BUYING More Uniform Advance Re- ported for Week by Dun & Bradstreet. By the Associated Press. NEW YORK, May 7—Trade move- ment for the week was more uniform, Dun & Bradstreet said today in the weekly trade review. “Favored by auspicious weather and helped by special clearance events, retail distribution recovered some of the ground yielded in April,” the re- port said. “In wholesale market future com- mitments were more generous as the price trend turned steadier, and the volume was further enlarged by the most numerous reorders in a month. “Proceeding at full stride, more in- dustries were forced to adopt faster | operating rates in an effort to ex- pedite overdue shipments.” Sales for the country as a whole were estimated at from 3. to 6 per cent | over last week and 8 to 25 per cent over the 1936 comparative. Sectional increases over last year were: New England, 15 to 20 per cent; East, 12 to 25; Middlewest, 18 to 25; Northwest, 12 to 22; South, 15 to 30, Southwest, 12 to 18, and Pacific Coast, U §. TREASURY NOTES. W YORK. May 7 (P).—Prices quoted indolars and Teinto-seconds Month. Pet. Year. Bid . 37 PHILADELPHIA PRODUCE (r.PHILADELPHIA, May 7 (.—Live noul- ry- e ;. ‘Muscovy, white, turkeys, fancy hens, OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. NNW Phone NA 2184 Money for Construction Loans and Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’l 0350 8 to 16 | “Rebound of consumer buying from the more leisurely pace of April was pronounced in most retail divisions. Long postponed requirements were covered generously in women's dresses, millinery, hosiery and shoes,” the re- view said. “Men’s suits sold well, and there | was more interest in shirts, under- wear and furnishings.” | Leading in the wholesale field, Where the volume increased 18 to 35 per cent over 1936, were orders forw women's white coats, cotton dresses and open-crowned millinery. For | men: Slacks, sport coats and unen‘ of | The upturn in freignt | 4| \, Amortized L01.\N S for buying, building or refinancing loans on your home, made under Federal Hous- ing Act, Title 2. This Bank Has Made Over $2,000,000.00 of These Loans AN g avings & Commercial BANK Two Convenient Branches: 9th &G , 1518 K Sts. NW. ® st NW. Member Federal Deposit Insurance Corporation ANA A VAV W A BEFORE YOU MORTGAGE SECURITY" suits. Swim suits and bathing np- | parel were more prominent in this week’s orders. Demand continued heavy for farm equipment and builders’ supplies, while industry moved along 25 to 40 per cent above the 1935 comparative. NEW YORK BAR SILVER. NEW YORK, May 7 (#).—Bar silver easy, 's lower at 45. First MorTGace Loans | | District of Columbig— Nearby Maryland— Business |and Virginig— Properties Terms from 3 to 15 Years Also Monthly Payment Loans Randall H. Hagner & Co. | Incorporates Homes Apartments ‘uolmacl LOAN CORRESPON! New York Life Insurance Co 1321 Conn, Ave. N.W. DE. 3601 For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthiy Payments MEMBEIR BUILOING § LOAN Asiociation counail o o.c arnenl UUDLR "SUDLRVISION I77(X11 \ | BUILDING ASSOCIATION U.S. TREASURY 949 NIN TH STREET,NW. We Are Pleased JOHN A New York Stock Exchange Baltimore Stock Exchange Redwood and South Sts. Baltimore is now associate; WASHINGTON OFFICE Safe Investments First mortgage notes, 6% . Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on ccn- by Maryland. Denominations of Established Nearly 40 Years ON IMPROVED REAL ESTATE At 9% Monthly Payments If Preferred Construction Loans District of Columbia, Nearby Md. and Virginia CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action ' B. F. SAUL CO. 925 15th Street Natl. 2100 to Annour PURCELL d with us in our Mackusin, Lecc & Company Established 1899 Woodward Building 15th and H Sts. N.W. Members New Street York 14 Wall New 75810.30: most good packings sows 9.608 medium kinds down to 8.50 and good biz weights £.00. attle, 1,000: calves. 500: generally steady tiade’ on all Muushter clastr sasy crop mostly medium o low good light- yelghte at B.30a11060; several loads sood and choice ' bullocks ' not being show Bround three loads fed heifers. 0.35a10.5¢ remaining crop mostly common and me- dium lightweights at 6.7588.50: strong- . Welght culter cows uUp (o 0.00; very few beef grades above 7.50: vealers steady with Thursday's close: few ‘selects. 18.00: bulk, £.0089.50: bulls weak: practical top. 6.90 Sheep, '10,000. inciuding 3,600 direct: comparatiyely liitle done on' fat lambs early; undertone strong to 25 higher: few les’ wooled lambs 1245 “down: choice 250 upward: short deck 'good to choice clipped lambs, 10.00: &s yet nothing done on Spring lambs;_sheep about steady: bulk clipped ewes, 5.00 down: strictly choice held around PARIS 'BANK REPOikT‘ PARIS, May 7 (7. —The Bank of France #tatement for the week ended April 30 (in millions of {rancs) Gold reserve. 8: unchanged. Sight balances abroad. crease, 1. Bills pur- chased abroad. '1,083: decrease. 30._ Dis- d commercial bills—France, 7 Tease 5u4 " Temporary nadvances to (prior to June 18, 19; 12, fecrease. & Temporary avances to atate ce June 18. 1936). 7,800: unchanged. Advance against securitt Circulation, K7.063: increase., redit to turrent account. 987 Thirty-day sdvances against 964 increase, 12 per cent. Int R T 78 '32 ctf; - Interlake Iron 4! = Int Agrcl6s 42stp_.. IntGrt Nrés‘63 A ___ Int Grt Nradj 6562 A Int Hydro Elec 65 44_. [nt Mer Marine 6s°¢1. Int Pap 1st 68 ¢7TA___. Int Pap ret 6s ‘556 Int T&T cv ¢ %s ‘39 Int T&T 4%s'63 (nt T&T 68 65 lowa Cent 1st&rf4a’51 Jones&L St] 44 s'61A Kans C 8o 1st 38 60 Kans City So ret s ‘50 Kan C Term 1st 4s '60_ Laclede G 6 60 D__ Laclede Gas 63 42 B.. Leh C&N 4348 64 A Leh V P con 4s 2003 Leh V Pcon 4%s 2003 Leh V RR con 68 2003 Loews 3148 46 - 984 Long [slref 4s8°49_ __ 108 Long Isld ref ¢s'¢9 stp 108 Long Isl unif 48’49 108 308 108 Lorillard 68 56 118 117% 118 La & Ark 68 MK N L & Nash 3%s auo:__ ”2 92 9 9 9 L&N 1at4s2003_____ L& N unit 1063 10636 10634 Am Tel & Tel 33 Am Tel & Tel 3% s 6. AmT&T 4%8°39 _. AmT& T 6%s 43 _ Am Wat Wks 6s°'75__. Anaconda deb 4%s ‘50 Ann A 1st ex in 48 '95_ Armour & Co ¢%s ‘39 Armour(Del)1st 48°65 Armour & Co Del 48 57 Armstrong C'k 4s ‘50 A T&S Fe 48 '09-'65 _ A T&S Fe ad) s 96 st A T&S Fe gen ¢s ‘95 A T&S Fe 41848 A1&S FeC A 4%5'62 Atl Coast L 18t 48 62_ Atl Coast L clt ¢s n AtIC Lun+¢ Atl Coast Line bs 05 Atlantio & D 18t4s 43 At1G & W 1 68°'69 Atl Refining deb 55'37_ B&O 18t 4s 43 = B&O4%s 60 _______ B&O 1stbs'48_ Balto & O nt 6895 A B&O6&s B&Oref 6 95 (o NREn B & O 8wn 68 '50 Bang & Aroos 48 °51 Bang & Aroos 45'51stp 9% 978 9Th5 973 10834 10834 13 s 105 106 106 108% 6614 6614 10254 102% 91y 98 964 97 1083 1063 106 106 105 105 108 1105 10934 1103 4 109 109 1115 111% 102% 102% 9% 95 95 g 924 92% 10434 104 104% uh 535 633 %6 % mou 10034 1003 10634 106% 106% T4 6% 76% 143 116 114 874 86% 87% 8635 8614 86l 983 9814 98% - 10434 10434 10434 . 104 104 104 11034 11034 11034 So Pac S F Ter 48 '50. Vanadium ov 68 41___ 1041 10434 or refinance your home Va E & P 1st ref 4&'56. 107 107 58 871 01 or business property b 58 LOOK into our plan that o offers you a loan, repayable by convenientmonthly pay~ mens, which, in addition o saving you commissions and renewal charges, also gives you a share in the profits of this Association. NORTHERN LIBERTY BUILDING ASSOCIATION §11 SEVENTH STREET, N. W. Established 46 years M LOAN BANK SYSTEM \L HOME LO/ l':.lf‘.nl:nmmo AND LOAN LEAGUE U. & BUILDING AND LOAN LEACUB TO PURGHASE, 'BUILD OR REFINANCE Interest as Low as Sn Ry 6%s ‘68 SoRy M & O ¢ Southw'n G&E 4s ‘60 Spokane Int 6s ’65 Stand O11 N J 3s 61._. Studebaker cv 65 45 Swift & Co 3%s ‘50 _ Tenn B} Pw 65 47 A Term As St L 4148°39_ Texarkana 6%s 50 __ i'exas Corp 338 ‘51 Texas & Pac6s 77 B Texas & Pac 68 79 C lexas & Pac6s 80D . Tex & Pac 1st 68 2000 . Tex & P MPT ;%8 '64. Third Av ref 48 60 Third A ad in ex 658’66 Tide Water O 31552 Un El L & P 6567 UnElL&P6%s 64 Un Ofl of Cal 3%s '53_ Union Pac 3%8 70 Un Pac 3%s ‘71 Un Pao 18t ¢s Un Pac 1strt 48 2008_. United Biscuit 6 '50.. United Drug 68 88 % 83 % Wabash 2d 58 '39.caee Wl h 6876 B e Wlbllh 6%s 76 alker H&S 4% alworth 4s ‘656 Warner Bros cv 68° 39, Warren Brev 6s 41 _. W Sh 1at ¢5 3061 gtd... 106 10234 8814 913 107 593 [ 9634 6214 €61y 4% 101% 88 913 107 1025 88 iy 107 59 [ 9614 613 6534 T4 108 107% 34% 343 1023 10234 10244 Westn NY&PKH 4843 West'n Pac6s 46 A West'n Pac 68 46 Aas Wnlt’n Un 4%s 60 tn Un cl tr 68°38_.. wm 'n Un 68°'61 West'n Un 63 Whee) Steel 4 %! 63__ W Sp Stl con 7 li et Easy Monthly Payments as low as o $7.50 per $1,000. 3434 1024 1024 10234 1013 1004 3654 10035 10035 10035 29 29 266 263 2634 19% 19 19 144 14234 1423 l{lulu 1013 3% 10214 1024 101 61y L3 T34 9815 9834 103 108 10234 102% Your Savings Here are protected by Federal Insurance up to $5,000 COLUMBIA BUILDING ASSOCIATION 716 11th Street Opposite Palais Royal 9954 106k 103% 110% i 106% 108% 110% 9634 951 954 96 94 96 1125 112) 112y 10834 105 1063 1 10534 1083 £ Wl- cont 1st gn 4- 49 st xn 48 49 ot_. Wll C 8S&D Trmés'36_. 9 99K te of discount, 4 40,