Evening Star Newspaper, May 9, 1937, Page 66

FINANCIAL, $16,100,000 Issue THE SUNDAY STAR, WASHINGTON, D. C., MAY 9, 1937—PART FIVE FINANCIAL WEEKLY SUMMARY OF THE NEW YORK CURB MARKET WILSON & CO. TO ISSUE $6,500,000 DEBENTURES WEEK ENDING SATURDAY, MAY 8 1937, 1937 Net. 1937 Wi S i lll Be o7 Old l)y Net. nlvavw' i e TAads Aers Net. | By the Associated Press. z . High. Low. _Stocks and Dividends, High. Low. Close. Chge. | High. Low. _Btocks and Dividends, . Low. Olose. Che. | Migh. Low. Btocks and Dividends. Hish. Low. Close. Chee. G E Allis Chalmers Co.| * £15 Axmtinied b 424 80 " Driver Harris (1%)---- 37% 31% 37% +1%| 13% 7% Nat Mfg & Stores. 9 8 +1%| 101 94% Select Ind prior pf(s%) 1004 100 100 1 | o CHICAGO, May 8 “Thomas F 1937 Net. nl 107 Driver Harris pt (7). xlll 111 +3% | 47 Nat Oil (160¢) ex rts 3 — %| 28% 26 BelectInduscvb3Tlic . 26 26 26 -1 ison, chairan o . gl By the Associated Pross. High. Low. Stocks and Dividends. High. Low. Close. Chge. 3% Dubilier Condenser. . 36 4 + w| 9% Nat Pw & Lt pf (8) . -2 2% 1% Selfridge Prov Sald%c. 24 2% said the packing concern soon would NEW YORK, May 8—The Allis| _$% 3% AeroSupply (B) ... % A%+ % 79 68 Duke Power (3) 70% +4 1 Nat Rubber Mach (a20¢) — %| 1% 1% Sentry Safety Control__ & & market an issue of $6.500,000 in 10- Chalmers Manufacturing Co., & lead- 14% Agfa Ansco 26 6% Duro Test (b10c) ... 6% =i Nat Service Co. 6% 3% Seversky Aircraft Corp. bia 4% + % year convertible debentures to reple: ing machinery and electrical equip- i 6% Duval Tex Sul (a500)-- -% Nat Service Co pf-...... 4 — %| 28% 15% Shattuck Den Min__ _ 174 16% + | ish working capital ment maker, with headquarters at Mil- 3u 8 18 Eagle Pitcher Lead bl0c 20% 9 Nat SugarNJ (2) .. -1‘/1 1:3;& lg?% lfl::'fufl“lfi: w %f‘)(!nc) l'fi'i 7 l?gi" *2%| The announcement was inciuded waukee, plans to sell $16,100,000 in # Air Investors Inc ww... 6 FastnGas& Fuel Asso 6% =% e u(harey 08l Sl e 8 letter to stockholders in which Wil- new preferred stock to obtain funds 2813 Afr Investors Ine ev pf. 42} Fast'n G & F Assopf(3) 45 A son said the company showed a profit for expansion of manufacturing fa- 15% Ainsworth \‘lflCo(bZSc) 8% Air Device Corp__ 8% Air Investors Ine_ ... 3% 7213 Ala Great South'n(13).. , Dk 62 st'n G&F prpf (4%). 62 Navarro Oll (40c) -%l 1 # Shrev'v't El-Dor PL stp cilities and additional working capi- tal, it was announced in Wall Street. Directors, it was reported, author- ized call for a special stockholders’ meeting early in June to vote on a proposed offering of the new stock to common shareholders on basis of one preferred for each 11 common shares held. Expansion of production facilities, it was indicated, is planned mainly y: the farm implement division. Commodity Price Changes for Week BY A. A. PATTON, ; % 32 Nehl 3 T% 4% Simmons Hard & Paint. 67 Alabama Power pf (§)- h 21 East'n Malle Ironal.30_ 24% 1| 69% 32 NehiCorp __.. +8% 721 Alabama Power pf (7). 177% 120 Aluminum Co of Am.. 119% 111 Alumn Co of Am pf (6) - 17% 17 Alumn Goods Mfg b25c.. 140 98% Aluminum Ltd__.__ o 131 121 Aluminum Ltd cv p£(6). 32% 22% Am Airlines, Inc. 3% 2% Am Beverage Corp._. 75 62 Am Book Co (4) 17% Am Box Board (1) 1% # Am Capital (B) 41% 34 AmCP&LAQ e 47 35 AmCP&LAww (2%). 8 4% AmMCP&LB (a20c)__. 85% 26% Am Cynamid (B) t60c_. 126% 118 Am Dist Tel NJ (5)- 136 126 Am DisTel NJ cv pf(7). 5% 4% Am Equities (a22%c)__ 4% 213 Am & For Pwr war._ 24 18% Am Fork & Hoe (11)___ 32 Am Gas & Elec (1.40) _. 108 Am Gas & Elec vt (§). 4% Eastern States Power__ 13 65 Eastn States Pw pf (A). 68 656 Eastn States Pw pf (B). 10 Easy Wash M (B) b25c. 10% 17 Economy Gro Strs h ST 20 Xdison Bros Stores h75c 20 2% Eisler Electric (afic)._. 16% Elec Bond & Share - 19% 66% Elec Bd & Share pf (5) Elec 8d & Share pr (6) 6% Elec Pwr Asso(A) a25c. 6% 3 T% Elec Pw & Lt opt war., 82 15 El Sharehldg pf ww (6) x 83 Elec Shov Coal part pf_ 3% Electrol, Inc v.t.c 34% Elgin Nat Watch (b50c) 62 EmpireG & F 1% of 29% Empire Power pt (b30c) 15% Emsco Derrick /t1) 2% BEquity Corp (a25c) 67% 274 67% % 116 110% Neisner Bros pt 19% 134 Nelson(Herman) l!fic) 19% 13% Neptune Meter(A) aélc 23% 10% Nevada Calit Klec = 88 764 New ling Pwr Aspf(6). 78% 140%125 New Eng T & T (bl%)_. 125 30% 20 New Haven Clock (1%). 224 94 s TT% New Jersey Zine (12) _. 82% 28 N Mex & Ariz Ld (ale)_ 2% 1’5’)'. 103% Newmont Mining(b75¢) 111% 34 29 NY & Honduras (b75c). 29% 16 14 N Y Omnibus warrants_ 15% 13 N Y Merchandise (80c)_ 18% 105% 99 N Y Pwr & Lt 6% pf(6) 12% 8% N Y Shipbuilding Corp.. 119% 111% N Y Telf (6% ) .. 65 40 N Y Water Servic pf. 167% 11% Niagara Hud PWr new. % Niag Hud Pw (A) wai 2% Niagara Hudson B war.. Niag Hud 1st pt (5} = Niag Shares(Md)B aé0c = 3 +2% Am 370 295 Singer Mfg Co (16) _ 298 Solar Mfg Co (b10c) Sonotone Corp (a10c) 6% Soss Manufacutring 50c South Penn Ofl (11%) Sou Cal Edis pf C (13). Southern Union Gas 8% Southland Royalty b10c. Spanish & General rcts_ Spencer Chain 8 (b75c) Stand Cap & Seal (11.60) Stand Cap & S pf (1.60)_ Standard Dredging-_ ... Stand Dredging cv p! Standard Ol Ky (11) Stand Oil Nebraska b25c Stand Oil (Chio) (11)__ Stand Oil Ohio pt (6) Stand Pw& Lt Standard Products( Stand Sflver & Ld (4c)_. Standard Tube Co (B)-. after charges and taxes of approxi mately $2,250,000 for the five-month perlod ended March 27. Higher prices, causing an increase %! in inventory and accounts receivable, | made the financing necessary, Wilson +|said. The five months' net of $2,- 1250,000 would equal, after preferred dividend requirements, about 72 cents a share on the common stock. In the entire 1936 fiscal year net income was. $4,068,457, or $1.06 a common share. NEW YORK. May & @ —New York 8ecurity Dealers' Association Admin Pd 2nd Inc.______ 18 Affliated P Inc 22104 Amerex Hold Am Bu Starrett Corp v.t.c... Sterchi Bros Strs #30c Sterchi Bros 1st pf (3) Sterling Alum (b25¢) _ Sterling Brewery(a75c) Sterling, Inc (20¢) Stetson (J B) (b50¢) . Stroock & Co (2) Stutz Motor Car Sullivan Machine Sun Ray Drug (180¢c) Sunray O1il (bie) Sunray Ofl cum pf(2%) Sunshine Mining (3) - Superior Portld Cem B_ Swiss Amer Elec pf_. -2u | Cr Taggart Corp__ 2 % 1 Tampa Electric (2.24) + U | Eimuiative Tr Tasteyeast Ino (Del) A |- pevosiEk Sy Taylor Distillers (30c)_ - | D Bos Ins Shra Technicolor, Inc (a50c) 2% — i | Diversified Tr Teck Hughes (140c)___. ‘r’,‘ CHEE Texas Pw & Lt pt (1) —8 | Dividend ¢ Texon O11 & Lnd (60c) Thew Shovel (a50c)- Tilo Roof Inc (1) - Tob &Allied Stocks a2 Tobaceo Prod Ex (15¢) - Todd Shipvard (12) Tonopah Mining (aéc) . Trans-Lux D P §(120c). Transwestern Oil Co Stocks __ Assoc Stand_Oil Bancamer Blair Bankers Nat Inv Corp Basic Industry ] s Corp “A" | Continental 8h nf 4+ EEELESSL Lt + 55 ALl 0 NI 47 Atlantic Coast L (a2%) 2% Atlas Corp war__. __ 19 2! Atlas Plywood (1%) . Austin Silver._. 6% Auto Products. 7 43 28 166 118 M 2 Auto Voting Mch (50c) - Axton-Fisher Tob (A)_. Babcock & Wicox (4) - Baldwin Loco bd rts (d) 5 3% Bardstown Distillers___ 8 3% Barium Stainless Steel. 21 16 Barlow&Seel cv A 1.20_. 11 8% Baumann Co (L)_ 4% 4 I++ 1+ 444411 FErT eSS SE HH1+0+ F; - 100 Gen Tire & Rub pf(6)A_ A Gen Wat Gas & El ws _ 754 Georgla Power pf (6) _ 81 Gilbert (A C) (a 40 Gilbert (A C) pf (33%)_. 11 en Alden Coal (1) 41 Godchaux Sugar A (b2} 26 Godchaux Suger (B)___ % Goldfield Consol 5 Gorham Inc (A) 217 Gorham Mfg vtcext t1_ 2% Grand Nat’'l Film Co 12% Grand Rapid Varnish(1) 14% Gray Tel Pay Sta (1) .. 100%> Grt A&P Tea n-v (16)__ 106 76 10y 41 11% 447, 311, Pender (D) Gr (3'%4) A_ iroc (B) a5lc.. Pel pf (7). Corp(aZse) Penn Gas & Elec(A)14 128 Pa Pwr & Light 6% pf 99y Penna Power & Lt pf(7) 102 . Tenna Salt (b114) Penn Wat &Pow (4).. 79 Pepperell Mfg (16) ___. 140 ila Company (bi5c) _ 1314 Elec Pwr pf (2) 3214 lips Packing (a50c) Phoenix Secur Corp____ ¢ Phoenix Secur pf A (3)_ Tri-Contl Corp war Triplex Saf G (new) Tubize Chatil Corp Tubize Chatil A (b1)_ Tung-Sol-Lamp Works _ Ulen & Co 73 % pt Unexcelled Mfg_ Un Elec Lt & P pf ( 4 Union Gus of Can ( United Afr war United Chemical._ United Corp war.. Unit Gas Corp. Utd Gas war vestors Pd “'C’ In Keyston_ Cust Pund Major Shrs Corp United Gas Corp pf b3 15 United Lt & Pw pf (A). This has resulted in a constant whittling away at the price structure. The latest decline in cotton cloth and silk carried the index to the lowest level since last October, 12 per cent under the January peak. The combined index, with its com- ponents, based on 1926 as 100, com- pared as follows: May 7 Prev. wk. Yr. a0 35, commodities. “91.98 93 244 Industrial FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Street N.W National 0435 Loan Correspondent Mutual Benefit Life Insurance Ce. Municipal, Rail, Industrial, Public Utility, Foreign and Real Estate Bonds Dpile F+10+00 ehanged. ZINC—Futures closed steady and un- changed. No_sales. SUGAR—Futures No. 3 closed barely steady. unchanged to’ f 5,000 tons, May, 2.50b: i8I LA RER e 2.43) arch 3 RAW HIDES—Putures closed steady. unchanged to 3 higher. Sales. 940,000 . June, 18.24n 35 16,970 4+ & OF Elec Ld deb rta_ Niles Bem Pond (b30c)_ Associated Press Statisticlan. 10% Am Gen Corp (850c).. & Burop NEW YORK, May 8—Commodity 33% Am Gen Corp pf (2) i sllomerLeed of 1 Noma Bisetris (bi06)2 Prices continued to spiral downward 384 Am Gen Corp pf (2%)__ 38t 18% Er-CelloO Alr (b20e) : i North Am LU & P this week, although there was less 19% Am Hard Rubber (a1) : . e North Am Lt & Pw pf unanimity to the decline than at any e i“l‘“z;:“);;c’h A 2 o amehilas Avistn L North Am Rayon A b50s time since it started early in April. R didadis Nor Am Rayon (B) 19 Am Lt& Trac (11.20) . 191 Fanny Farm Candy (1) g ! Changes were narrow in most in- 271 Am Lt & Trac of (1%)_ s+ 8 12 Fansteel Produc § 4 L R‘o”ri]r:' ".‘(.lrffn(f:lu:r‘éc' stances. Stand-out exceptions, how- 32% Am Mfg Co (a3) b7 ) & Inc 5 NorInd PS 7% b5 5 3 % Na 6 % pf b ever, were coffee and steel scrap. The No Ind PS 7% pf b8 former swept up on private reports ,1"“ ’;'fl:"::::w,mfa ydoo T Northern Pipe Line 7 from Brazil that approximately 70 Am Superpwr 15t p£(8). 104 Fisk Rubber 3 15% Northern States l:\" A per cent of the current crop would be e AL 92 7215 Fisk Rubber pt () 2 dy Gt B destroyed. Thus despite a big harvest, 4% Am Thread pt (26¢) 414 Florida Pw & Lt pf_ 3 ‘,;”‘ : '”"]\\]**\' vlrm; ':rauc brokers saw smaller exports a distinct 4 Anchor Post Fence ____ 221 Ford (Can) Ltd A (1) 2 2 o ovalel Agensia) Posaibility. 5% Angostura-Wup(t20c)._ 5 25% Ford Mot (Can) B(1) 26 n‘)l‘l‘ 3:"' ;:::1‘;” 3 Bt‘ (bs.; i 6% Ford Mot Ltd a18 1-10c- ] s Ohio Edison pt (6)_ changed, dealers said, by the heavy 3 1% Arcturus Radio Tube.._. 1% 1 8% Kranklin Ravon (af0c). 109% Ohio Power pf (6) supplies brought into the market when | 121 71 Ark Natural Gas. .- ™ 124 Froedtert G & M (20¢) . 1215 o Okiatiomu NatiGas Co) the price jumped above $23 & ton| 134 7l Ark NatGas (A)-.-—ooe % 17 FroedtertG&M ev pf1.20 174 25 e e Cont ®everal weeks ago. At that time there| 10% 8% Ark Nat Gascumpf___. 3 Gen Alloys.___ 4 E i = | of th 16% 1215 Art Metal Works (80¢c) - 20 Gen El Ltd reg as6%o.. 21% 9 Overseas Secur (60c)-_. ‘Wwas & genuine scarcity the waste 2! i -| 8% 6% Ashland Oil & R (140c)_ 184 Gen Fireproof (b2jc) 19% 28 PacG & E1stpf (134)... metal, but the high price being of: R 184 107 Asso Kl Ind Ltd b36 2-5 a 14 Gen [nvest Corp 1 104 Pac Lighting pf (6) fered caused scrap dealers to mooUr| 3™ 0000 Gan & Eleo... .. 83 Gen Investment Corp pf 90% 5 Eaciflo Public Servies. the countryside for supplies. 2% As80Gas & Elec (A)._. 3 744 Gen Pub Service pf (6)- T75% 403 Paclfic Tins spec (12) .. Prices Drop Farther. 18's Asso Gas & Eleo $5 pf__ 1% Gen Rayon Ltd (A) & 59 lP:r:“Am A(!;";vayn ). " % Asso Lanudries of Am_. 17% General Telephone b2ic. 18 epec = Foe Since then quotations have been % Assoc Laun of Am v.t.c. 18% Gen Tire & Kubber 2 Patchague Plymouth a7 shaved 15 per oent, mcrea;eld ofleflneg 8% Atl Coast Fish (b35c) combined with a slight dip in steel mill activity being held responsible. The Associated Press weighted index of 35 important commodities slid to 91.98 per cent of the 1926 average from 9251 last week, and compared With 72.44 a year ago. ‘There were 14 declines among staples making up the index, while 9 gained and 12 were unchanged. Yielding to pressure exerted by heavily weighted steel scrap, industrial OO Ix Y £ commodities fell back. Other reactions| 18 1lis Bell. : 2 121% Grt ARP 1st of (7) i R oo emen(ilse) 5 - % ellanca Aircraft_ - A at North'n Pap el s Ingiudec hdes N and DuReD S | Toek Tisw Bl P e (E) 1 113 8% Greenfleld Tap & Dle Pitney Bowes (ti0¢) United Lt & Pw pf ber, bituminous coal and turpentine % 4 Dendotie ot dge i 4% Grocery Str Prod Co. pittsburgh Forging - United Milk Prod (2 picked up slightly. L . i GRTAIAR TRV astor Pitts & Lake E (b2%) Utd Milk Prod pf (13) x 2% Berkey&Gay Fu 2% % dian o E 3 Unit Molass Ltd b11% Live stock and food groups were 1% Berk & Gay Furnpurw. 14 1% 5215 Gulf Oil of Pa (h25¢) :’;“";f[“ ”T;o" (b1) Unit Profit Shar s her. Hogs strengthened as stocks 1 EW)________ 178, 90 Guif Sta Ut $6 pf (6) *lough Ine (1.20) e o nml k cleared f ou Blies Loty 368 Potrero Sugar .. 31 United Shfpyaras(B) - dwindled and the outlook clear or 3 8 & Laughlin ___ 36% 4% Hall Lamp (80¢c) _ Powdrell & Alex (1600). 10% United Shoe Mach 12134 smaller marketings this Summer. This 2'» Blue Ridge Corp (bl5¢) x 278 1% Hartman Tob Co Inc.... Pow Corp of Can (a25¢) 24 United S Mach pt (1.50) advance was sufficient to offset lower ;f‘: g::;i:‘:f:ff:; PIC3). x lff. finrv;rg B?',';w s Pratt Lambert (a2)._.. 35 U S Foil (B) (1)_ cattle and lamb quotations. Sugar and 7- Bohaek (O N H?“ oRDiC e Pr G o, U 8 & Int] Secur. flour improved with coffee. while eggs, Bourjois, Inc (a75¢) ] 176 150 Hesen Dentl oeae wies G|l 804 8L | Eressed : LS !['yhs‘,‘,',“', ik Farm Staples Mixed. Bowman-Bilt Hotels __ ? 9% 7 Helena Rubenstein g v pOFHeTs R im e U S Rubber R to maintain the rising trend begun & “i‘:":;g:’;;rn’;&“f,':f’ U 2 Pl QW R Cao . 2 Prudential Inv pf (6)__ 101% U § Stores 15t pt. few weeks back, weakness in wheat, Bridgep'® Mach (b250) 42" 36 Hires (CEyA (2] 4 Public Service ind pt . 31 Usltedistoreaivio oats and rye was potent enough to Brill Corp (A) - . 35 26% Hoe & Co, Inc (A) Pub Service [nd prpf _ 50% et et Ein eitider IS i i % Brill Corp (8)- 18% 11 Hollinger Gold (165¢) x S DO e Univ Consol Oil (a1) Operating at the est sustaine Bril) Corp f 5 %| 83% 19 Holophane (b30c) St et Universal C. v level since the war, the textile in- Brit-Am Oll coup (1) 23 2 41% 35% Horn & Hardart (12 Puget Sound P&L 36 pf. 37 diros Jeh e dustry is nevertheless reported to have CIETVIE 112105 Horn & Hardart pf (3)_ 1074, ALY G Universal Pictur 42 27 Hudson BM&S (1)___. 30 iaker Oats (5) " 2. 1 ALt Bup e ilarg nvenioryibackiog: Brown Fence & W b3fc_ 2 87 761 Humble Ol (1%) . 4 Rwy & Lt Secur (al.55). 21 b{‘,g,"{,’*;:fi’,‘,’;‘{,”,”" Brown Forman Dis_ 17 Hussman-Ligonier (1) 20 Ralway & Udl Inv (A). 14 Utilities Pw & Lt (d) Buckeye Pipe Line (4).. 175 Huylrse of Del pf stpd 19% Rainbow Luminous (A) 1 Utilities P & L pf (d)_ “ BN & E P pf (1.60)__ 8% Hydro Elec Secur(h20¢) 9ty Rainbow Luminous (B) 4 Utllity Equities. _ Buff Niag&E't 1st nf( ) 101 3% Hygfade Food Products T +» Raymond (:'rfincrell’ (t1) 43 Utility Equities pf b{‘/. RBunkprliLil‘I'erullrww 81 ST N ol s Te A Dok oo llfii‘\"’;:é:’n‘\;(:ffxm- 4813 Utilities & Industrial ... urco In = 3 1 Jowa vpl (215)___. 33% 3 8 i i S b Util d == Burry Biscult Co_——_. b4 284 Tilinois Zine :;90" “"’l‘;’ B dew 180c. Valspar pf vte Cable ElProdvte_____ “x 201 Imp O11 Ltd cou (+50¢)_ Skl e Van Norman Ma (40¢) Cables & Wireless (A)_. 1% 20% [mp Ol Ltd reg (+50e)_ S e Venezuela Petroleum.. 4 Cables & Wireless (B) b 23 Indiana Service 6% pf__ el S Va Pub Sve of (1) _ Capadian Car & Fdry pt 28 2 8 Indian Terr [11 O1] (B) Rrnoas nvestng i Voght Mfg Co (80c) Live stock “227 1 . g:::g"::’f:‘;’f}c:!::f- ‘2, 5 § g?t. }l.:,liamn Pipe Lv‘n.-fw,mc Ridnh e 58 Waco Afrcraft M.,mm,, E 0 3 4 - ~ 2 Indianap P&L c pf(83%) < 3| 1o Wagner Baking vte(b40 Touje 70 0 4 Canadian [nd Alco (B)- 4, 22 14 Industrial Fin 7% pf nosee Lnlpe D (O Tl Waitt & Bond (B) oo e 105221 £ ‘anadian Marcon s s 6415 Insur Co of No Am(12)_ e Gl f i & valker Minin, 15 CID‘Ha! City Prod (_Wc). 2'&' 3 + 23 Intl Cigar Mach (+2)___ 23 3 6 }) 0 'l VP' l(rw1~ ;";';i:]) ]é:, Wayne Pump Tfim ) T 1% Carih Syndicate (ba0c) . 21, 1, Intl Hy El Sept A war__ L Weisbaum Bro Brwr 40c NEW YORK, May 8.—The Associated 24 Carman& Co (A) (bl)_. 2515 25% Int Hydro EI Sys cv pf_ apllogs A lnierpations 2 Wellington Oil of Del Press weighted wholesale price index of 2K Carnegie Metals __ 13t Int'l Metal Ino A 2 Royal Typewr (b75c) . 108% Wentworth Mfg (b15c). 85_commodities todny declined to 91.9: 83 Caro P & L $6 pf (6)_. £ 915 33% Intl Petroleum (1115) Russeks Fifth Av (50e). 121 WV CoeLa & (bldc)- monih 60, PR, Tens memira%y, 93 Caro P& L Df (1) oceeem 95l 95 6 Intl Products =5 fiistlesallron'a Stesl W16 Westaihi Bt s Hange of recent years: i 30 CarrferCorp - - 9 16 Int Utilities (A) Ryan Cnnu;llidfud 26 \\'c:::'rfi],:i?s(u.p':f) 1037, 19 9% Carter (3 W) (800) . 1% Int Utilittes (B) ScrsondcHdynes 36% Western Tex Ut pf (6) .. L 1T S 28 Casco Products (b2%) .. & Intl Util war ST H LA IS 8 Williams O11-0-M as0c. (1026 average equals 1080 é:f,“n“,ffé‘;?.f Tatot 1. 122 535 Tna Vitamin (Gooh s E ot 13m0 vv'nlfimwrs‘?um" hebathon) = ita S S Sorp— son o+ Aisceilaneons taaskets: 39%, Cellulotd Corp pt 54% 3415 Interstate H M (12713)_ St Lawrence C pf 455 Wilson- Jornouu(c;f;,»” [Additional New York markets as com- 93% Celluloid Co 1st pf (b2). 108 % 12_ Interstate Pw Del pf St Regia Paper. 81 WisP&L 7% pfal.13} ed by the Associated Pracs: 15% Cent H G & E vic (80c) - 16 & Investors Royalty (t6c) & SUResls Eanernt 4% Wolverine Portl'd Cmt mer % 8 Dieher. Sy, 1050: Besnen 92% Cent (Me) Pwr pf (33%).x93 Y 21% Iron Fireman vtc (1.20) x 22 Samson United Corp'n_. 13% Wolverine Tube (b20c) s ober, 14% Cent Ohio Steel (b50c) . 15 13 Irving Air Ch (1) Loy voy Oil ki 124 81, Woodley Petrolm (t40c) 85 AD—Futures closed steady, un- 83 Cent PWr&Ltpfb3.06% 8814 % Italian Superpower (A). 1 Ing sy Co (120 1% g 84 64 Wright Harg (t40c).. . 64 34 Cent & Southw U & Itallan Superow db rt8_ 4 SSoplnte (bolc) (e Has 80% 6115 Y s W 1% Cent States Electric. 13% Jacobs (FL)Co (1) . 16% SecuritienGahigen : Y phas b e M 14 Cent St Bl 6% pt_ 78 Jersey Cent PRLDf5%. 80's e ) hud) - e il Gy 30% Cent States Elec 7% pf_. 2 31y 84 Jersey Cent P&L pf (6). 86 :elz:x hnck: l::w, y 2% o ".}:’e:‘f:n:l"u;nsgllllri based on Ilun quarterly or semi- prie g eiberling Rubher_ : 1 rate—not including extras. $Accu- ifu g::: S(‘; 5}3& (new’ 093 iones S LausiiniSiesl W09 Selby Shoe (1.60) 25 mulated dividends. a Paid last year b Paid this year d Comm. Preferred and Common 3 A t 111% Kan G & E pt (7) - 1118 Selected Industries 274 “‘ panies reported as being in bankruptcy or In receivership e S ki 5tx Centrifugal Pipe (+40c) x 5% KanGi& B being reorganized under th tocks 1715 Chamberl'n MetWS 180c 19 19 *;\9‘" Rad "th (287 S _ Select Indall ctfs 15%) 10! 1nzx 103 et sumed by such mmmm:, the bankruptey act. or securities as- 72 Kings Co Ltg p 7 . ] 135" 1104 Chesebrangdit 14y . 120 B0 SaecolieniD (o) 761 52% Chicago Flexible S (4)_. e T FEDERAL LAND BANKS 1714 14 Chicago Rivet & Mach__ A 3 3 5 NEW YORK, May 8 ().—Federal Land ank bonds NEW YORK PRODUCE. | U. 5. TREASURY NOTES. 2 %G ;. NEW YORK May & (.—Fegs. 5748 | W i 3 0: Ma: S # Kirkland Lake G Ltd 6c 113 EW YORK. May & ( goPrices quoted Banos futures mndy 5.to 9 highe) 76 Childs Copf_ -= 10372 10443 | May. 10.30b° July, 10.5 3% Citles Service 11 Knott Corp'n (b10c) 2 4 Y i 7 1011 10 Pl dirties” No, 9l4-150 avi Per kbt PR ¥ +11 w FEF AR FERRRFEEFESL Laclede Gas Light Lehigh Valley Coal Leh. Val's Ter. Ry, Long Island Gen. ds Ufivitie & Nagh 3s 140 Michigan Central 45 1940 American ‘ifiuilhing Agsoriation 300 Pennsylvania Ave. S. E. Q/{pplications invited for LOANS on improved real estate in Washington and s. St < Vanadium Corp. 5s 1941 Vertientes Surar Co. 7s 1042 Wabash Rwy. 1 Warner Bros, Wertern N, & Pa. 45 10 Western Union'Tel. 5 BOUGHT e SOLD e QUOTED su0-71n: * December. ' 10 e e 111106 Kopp G & C pf (6) : 35 s naREY Ao 101 }l’»fi 37‘2.@'&’:& 1oy ouier mbed wiven | o {oil e JOHNSTON.LEMON “’V: Cittes s“flf“:“ 16 Kreuger (G) (t1) 3 ) 10878 Toot ‘Butter 891 flgm Creamery. higher | February 50, 42 Citiss Serviceprom. 47% Lake Shore Mines (t4)_. 5315 G M 5 Toais b (58251 ‘scorenr. 30% flqure - & Co. Fibbed. spot. 25 Bon. 9% City Auto Stpg (1606) 5% Lakey Foundry & Mch 5, ; 10078 e e . Bepteities Members Washington Stoek —_———— 37 Clark Controller (b50c) 14% Lefcourt Real pf (a75c) “ . 14 1007 ‘s Cheese. 143921, firm _State. whole h i Exchange 2% /Claude Neon e, 3 % Lehigh Coal Nav (30c)- —_— milk fiats, frean fancy. 16%; other prices : ; NEW YORK SUGAR. 41 Clev Elec Illum (f2) . # Leonaraoil .. SHORT-TERM SECURITIES. Live poultry, by express, about steady. SOUTHERN BLDG. DIST. 3060 NEW YORK, May 8 (7 —Raw sugar was 10 Clev Tractor. e 16% Lion Ol Refining (1) £ Brollers nauoted. Other express " brices SRle RES remled b e 0 42Oy, N 4 Clinchfleld Coa L iEronesa T (Beroricd by Ot ID Darneyiss lov) Dressed poultry steady to easy. Presh ugar was avallable at the. quoted Brice 1 Club Aluminum Uten—_. 23 Loblaw G Ltd (1) A s o s e : | chickens . (hoxes), brotiers. other B reflneu showed no interest above 3.40. 15 19% Cockshutt Plow 13.\/« rfodff s‘;e}\:‘h (ffEDc = T Auburn Auto Co. 4345 1938 3 freshiand frozen prices unchanged. upturn of 1z to 1'2 points in the No 4 414 Colon Developm’t Ltd A 378 L Tsland Lighting P cm-« & omn Ry 5 gontract on, covering and forelen buying 31% Colon Dev (The) 6% pt. Sigytongdsian EUUNE. - A Edison EL Illum enc ed by steadiness of London was 76 Long Island Lt pf A(7T) 82% EAIntalRed throughout the Sestion. 16% Colo Fuel & Iron war 70 Long Isl Light of B (6). 70 July No. 4 sold at 1.23 and eased to 56 Colts Pat Fire A b37%c o Packi o 22 25, N blle, September sold from 1.6 67 Columbia Ol & Gas b20¢ 7 SN ML oudon macking toe 0 1.25%2, with final _prices at the lower % ot = 15% 11% Louisiana Land (40¢c)_ 121, level. In' the No. 3 final prices were um- 1% Comm'wlth Distribut'n 15 % ) 2 C Thangzed to 1 point net lower. with July 110 Comm'wealth Edis (14) 42 38 Lynch Corp (t2)..._ 40 Eellingiat,3 g?,,?,’.“’m",('ff,',,“,fig‘g“c“m‘l‘"‘g 43, % Comwith & Souwar .. % % & 14% T McCord Radiator (B) _. 8§ Range of prices ( 42 Commurity P&L 18 447 25 McWilliams Dredg(12) 29% Kay i, c 26% Community Pub Sve 11 5% 3% Mafestic Radio & Telev. 31 e L2 1% Community Water Sve_ i 13 4| 82 62 Mangel Storespf (5)___ 63 Beptember """ 15% Compo Shoe M stc (1) Y 25% 20% Mapes Consol Mfg (2) 258, November 221, Cons Alrcraft 221 15% Marion Steam Shovel _. 16Y% farch” ~ 044 614 Consol Biscuit (60c)_——. 7 4| 3% 3 Mass Utllities Assoc'n_. 3ix hf'Eid n—Nominal 7% Cons Copper. 167% 8% Massey-Harris X 13% Refined was unchanged at 4 80 for fine 73 Cons Gas EL&P Bo 3.6 251, 181 Master Electric (1) e S aney oo nd ayas gkt aag eie 24 Consol Gas Utilities Cor 3 551 55 May Hosiery ww (4) opments at Washington on the sugar bill, 73% Cons Min & Smelt (12).. 121 101% Mead Johnson (13) __ 7% Cons Retail Stores 8 9 5% Memphis Nat Gas (b10c, FOREIGN EXCHANGES. Y YORK. May 8 (P —Forelgn our- Encm were at a standstill in terms of e dollar today. “The British pound sterling showed no uhnnge at $4.93%, French francs remained 449 cents. Holland guilders improved Y2 of & cent and Swiss francs lost 001 of a cent. Closing rates in New York follow: Great Britain in dollars, others in cents: 1'!5 113 Consol2Ret Strs pf(8)__ 105 105 Mercantie Stores pf (7). 105' 17% 6 Consolidated Steel Corp 87 ContlG&Eprof () _. 17% Cont'l Roll & Stl Fdry.. 86 23% Cooper Bessemer.___... 6 Corroon-Rey pf A bl 11% 6 Merritt Chap & Scott __ 80% b5% Merritt Chap & S pf A. 2% Mesabi [ron 5% 2% Metal Textile (40c) 87 32 Metal Text pt pf t3% 4% 2% Mexico-Ohio Ofl___ 3% 2 Mich Bumper Corp'n 11% 2% Michigan Gas & Oil 44+ 4 = POREIGN MARKETS. POOL, May & (7). Wheat futures LIVER] closed easy today. down 1% to market's action ollgwed encinéss. of Noviy Cotton futures closed quiet, 1 to 3 points Arlington County, Vir- ginia. Rates and terms commen- surate with security of- lower. ~ Prices eased under' local selling and_hedging against outside growths. ®ood business was reported in Russian spot_cotton. s RELIABLE i e 2 Cosden Ofl exrts__ 2 18% 12 Mich Steel T Pr (b25c)- SR DD, damand, ¢ Ol cables, 28% Creole Petrolm (a500)_. 1% 1 Michigan Sugur and 440: cables, 4.49: “Rialy. " demand, 13 Croeker-wmeler(noo) 7 4% Middle Sta Pet vtc (A). anaReS Beium, 16800 % Croft Brewing y 2 1% Midl Sta Pet vtc (B) rezistered. 19, : 2" Crown Cent Pet (a6¢)_ 90 71 Midvale Co (bT5e)_. He"nnd -vmfl 24 .81 12% Crown Cork Intl A(l)‘_ 14% lq"% Mx?iwnnt ?n (‘n)( nman 31% Crown Drug (b20c) ___. 4% 3% Mid-W Abrasive (a S“P‘rl)::\x;l;nr;d : : % Cusi- Mexicana Minin 43 34% Minn Min & Mfg (b0c). S 3: 12% Darby Petrol (80¢) __.. 1 118 114 Miss River Pw pt (6)__. 1143 19% Davton Rubber Mfg h 6% 134 Mock Judson (60c) 13% 29% Dayton Rubber A (b2 11% 81 Molybdenum Corp. 9 13% Dejay Stores Inc 80c_ 157 138% Montgom Ward A 144% 69 Dennison Mfg 1% of___ 37 29% Montreal L& P (1%)__. 30 5 OFFICERS S 5% Derby Ofl & Refining - 8 4 Moore Distillery 4% 2 WM. A. PRESIDENT CHARLES KATTELMANN 76" Derby Ol & Ref pt (655, 5 4% Mort BK Col Am sh D135 4is CONSTRUCTION LOANS PHILADELPHIA PRODUCE. 15% Detroit Gasket (11)_ Y 7% 6 Mountain Prod (60c) &% 4 : AND 'HILADELPHIA, May R (#) .—Live poul- VICE PRESIDENT W. H. BLANZ, 17 Detroit Gask pf ww 1. 44 421 Moore Corp Ltd (bi0c)_ 43 (i et o St 184 Det Gray Iron (120c) sl Bt e mI eI G STRAIGHT 3',’- LOANS Sgrin: chickens, fancy, Plymout.h " n o 2‘ Prompt Action on Applications A s s E T s 26 Distillers Ltd b26 9-10c_ 2 NatBella Hess Dressed Dou}}"—!’flfl °1d roosters, dry 12 Dominion Sti&Coai (B). 51% Nat Bond & Share b50c_. o bitier whites, 3224, Draper Corp (13.40) .. 8. +4 ' 2% % NatLeather. A o ’ BSECRETARY 5% Detroit (Mich) Stov 28% 22 Mur Ohlo Mfg (b30c)__. 26 crou~bredl hn: Real Estate Mortgage "“"f‘m” Giades, 35-38%: 93, 34Y%- 15 Dominion Tar & Chem_.. 10% Natl Candy Co (1) .. sres 58 FeEs +++1 fered. No Commissions. No Renewals. Before you refinance, build or remodel—See us. The American has been helping the people of Washington to ac quire homes for the past 63 years. $9,700,000 R0} nia. razil &RON: a1 20. Mexirn S0ty I Tork. 100.21%: xlew York Mnmrul 90.78%. OVER GUY M. NEELY, TREASURER 6% Det Paper Prod (0250) Y 18 Nachman Sprfld (al).. , 18% e 50 Detroit Steel Prod b25¢. 6% Nat Baking._ 12% v g : n & Guaranty Corporation 30 (W L) Shoepf. 41 39% 4 11 Nat'l Container (a50e¢, 37, cen, T 8, stand- Dow et By 1 16% Nat Fuel Gas (1) meers foie x st, Nw. NAW 1403 % 8