Evening Star Newspaper, May 11, 1937, Page 18

b ANCLAL, FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE(SCKS SELL OFF By Private Wire Direct to Th Prev. 1937 York markets are mow en High. Low. Stock and 4% 41 Dividend Rate 26% 17 D.C. APRIL SALES Net | Prev. 1037 Stock and Add 00. High. Low. Close. che. Hllh. Low. Dividend Rate. Md 00. lilh. !n'. omu. Ihll- 2 40% 40 40% —1% | 18% 8% Martin-Parry ... 2 81 19% 19% 19% — %| 74 55 Masonite (t1)__. Prev. 1937 High. Low. mvld.nd mu 34 26 Servel Ino (11).___ Bales— Net Add 00. High. Low. Close. ch 14 28% 28% 284 — All New Prev. 1937 High. Low. 69 58 uvl.lu‘ Illl. Dlvldend Rlll Bales— Add 00. Kl(h- h'. Close. fihlm Crn C&S pf xw 2% . Crown Zeller (new) BELOW YEAR AGD 6.7 Per Cent Drop Is Laid to Earlier Observance of Easter. BY EDWARD C. STONE. Owing to Easter coming in March this year, retail trade in Washington in April dipped 6.7 per cent below the record for April, 1936, the Reserve Bank of Richmond reported this noon. Combining March and April makes a fairer comparison, which shows a gain in department store sales in the Cap- ital of 3.2 per cent, while in the first four months of the present year sales here were 4.3 per cent better than a year ago. This increase compares with & jump in the first four months of 1936 of 12.1 per cent against the like 1935 period. Lynchburg, Va., made the best rec- ord of any city in the fifth district in April, sales being up 4.4 per cent. The fifth district average for the 57 Teporting stores was off 3 per cent from April, 1936. Sales in March and April combined were 7.7 per cent ahead of last year and up 8 per cent in the first four months of 1937 com- pared with 1936. The national aver- age of 515 reporting stores was up 4 per cent in April and 12 per cent in the four months, compared with the 1936 periods. Individual percentages for leading cities in the fifth district compare a8 follows with April a year ago and the first four months of the same year: April Jan. Apr. + 93 + 5.0 +18.7 +11.2 +179 +11.5 + 43 +24.4 +13.1 + 8.0 +120 Cities. Baltimore, Md. Charleston, S. C. Charleston, W. Va. Huntington, W. V: Lynchburg, Va. . Norflok, Va. ... Winston-Salem, N. C...—4.9 Other citles, 22 stores.+2.5 Fifth district, 57 stores—3.0 U. S, 515 stores +10.3 +18.9 +125 South Carolina ... +16.3 Percentage changes in April and in the first four months of this year in comparison with the corresponding periods a year ago were as follows in other Federal Reserve districts: Boston, +2 and -+8; New York, +3 and +8; Philadelphia, 0 and +9; Cleveland, +9 and +22; At- lanta, +7 and +13; Chicago, -+10 and +17; St. Louis, +11 and +13; Minneapolis, —2 and Kansas City, +5 and +8; Dallas, +12 and ~+14; San Francisco, +2 and +11. Automobile Sales Soar. Calling attention to the fact that automobile sales are good indicators of consumer buying power, the Federal Reserve Bank of Richmond reports that registrations of new passenger cars in the fifth reserve district in the first three months of 1937 totaled 31 per cent more than registrations in the corresponding period of 1936. There was also a shift, the Rich- mond bank adds, from the three most popular makes to higher priced cars, registrations of the three making up only 67 per cent of the total new-car registrations in the first quarter of this year in comparison with 72.5 per cent in the first quarter of 1936. Registrations of new passenger cars in the fifth district States and in Washington between January 1 and March 31 compare as follows with the same quarter in 1936, according to figures compiled by R. L. Polk & Co.: Perc't 1936. Incr'se. 7419 +47.7 7,000 + 25 9,427 4235 5978 +18.1 8578 +48.0 4915 +46.8 Pifth district. 56,748 43,317 +31.0 The same Richmond bank report ehows that in March alone debits to individual accounts in the fifth dis- trict were 25 per cent ahead of last vear, liabilities involved in business failures were 28 per cent lower than in 1936, cotton consumption was up 34 per cent, building permits in 31 cities up 9 per cent, the value of per- mits in the same cities 42 per cent higher and the value of contracts awarded 42.2 per cent higher than in ‘March, 1936, In the whole district in March the number of new automobile registra- tions was 23,711, against 19,392 in March, 1936, or an increase of 22.3 per cent. Thiel Has Assistant Manager. PFrank J. F. Thiel, manager of the ‘Washington office of J. S. Bache & Co., members of the New York Stock Exchange, has announced ap- pointment of L. B. Brubaker as as- sistant manager of that office. New customers men there are John A. Pelton and Frank Bastable. The local office is 1 of 44 of the company in the United States with correspond- ents in the major cities of Europe. Jason W. Stockbridge of Baltimore defeated Rowland W. Carr of the Riggs National Bank in the Ameri- can Institute of Banking public- speaking contest at Charleston, W. Ve, Saturday night and will repre- sent the second district at the St. Paul oconvention. Carr won third place. Other contestants were from Dela- ware, New Jersey, Pennsylvania and ‘West Virginia. The contest was very close, the judges finding a very slight difference in the first three contest- ants. J. Barle McGeary, former head of Washington Chepter, presided at the contest. Today’s Trading on Exchange. Trading on the Washington Stock Exchange today was confined to City & Suburben 55 which moved at 8415, and to the preferred stock issues of the Potomac Electric Power Co., which sold in several small transac- tlons around recent levels. ‘W. W. Spaid, senior partner in the brokerage firm of W. B. Hibbs & Co., has returned to the financial district from a vacation of several weeks Ppassed in Atlantic City. ‘The annual election of Washington OChapter, American Institute of Bank- ing, takes place Thursday, with all the contests in the lower brackets Re-election of Charles R Gay as president of the New York Stock Ex- change met general approval among ‘Washington brokers It is his third term. ‘Warning against the danger of char- tering too many banks to meet needs for enlarged credit facilities during a period of expanding business was voiced today by Tom K. Smith, presi- dent of the American Bankers’ Asso- ciation, in an address before the Mis- souri Bankers' Association, dispatches state. IF 1937. D. of Columbia._ Virginia ‘West Virginia .. 7,063 North Carolina. 12,697 South Carolina. 7,213 7,175 Abr & Strauss (b1)_ 22% 15 Adams Exp (abbe).. 28% 247 Adams Millis (b1).. 36 30% Addressog’ph b60c_. 80% 68% Afr Reduction (t1). 5% 2% Air-Way Electric 100% 97 Ala & Vicksburg (6) 15% 11% Alaska Jun (t600).. 5% 3% Alleghany Corp_.._ 59% 4314 Alleg pf ww $30____ 524 40 Alleg Corpprpf____ 45% 351 Alleg Steel (b80c)._. 258‘0 224 Allied Chem (6) _ 24% Allied Mills (b2) __ 1614 Allted Stores (bZOc) 60 Allis-Chalm (b50¢c) . 25 Am Bank Note (11). 59 Am Bk Note pf (3)_. 57% Am Brake Sh (t3) _ 125 Am Brake Shpf5%. 97%4 Am Can (t4) - 51t Am Car & Foundry . 87 Am Car & Fy pf(b4) 72 AmChain&Cabl._. 98 Am Chicle (t4) 13% Am Colortype 241 Am Comecl Al ab0c. 25% Am Crystal Sug b3 8% Am Encaustic ___ T% Am & Foreign Pwr_. 44 Am & For Pw $6 pf_. 51% Am & For Pw $7 pf. 20% Am & For Pw 2d pf_ 16% Am Hawailan (1) _. 6 Am Hide & Leather. 37% Am Hide & L pf (3). 212 Am Ice 13% Am Interntl (a40c)_ 43 Am Locomotive __ 21% Am Mach & F (+1)_. 9 Am Mach & Met 60c. 46% Am Metals (b25¢c) 62 Am News (N Y) (3) 9% Am Power & Light_. 51% Am Pw & Lt pf (5).. 592 Am Pw & Lt pf (6)_ 21 Am Radiator 160c__. 331 Am Roll M1l $1.20.. 22% Am Seating (a23)_. 58 41 Am Shipbldg (2).__ 105% 81% Am Smelt & Ref(3). 107% 105 Am Sm & Ref pf(6) 104% 991, 105% 23% 303, 33% 131 13% 587 6874 38l 21 1% 55% 45 178, 587 29% 13% 683 3 1614 T2 8Ty 291, 45% 29 40s 18 14 62 -5 17% 25% 31% 2% 3 97 12% 17% 251 31% 3% 3 97 12% 2% —1% 3 97 12% + % 3% + % 49% — % 40% % 36 + % 226% —1% 27 16% + % sx w5 wsssse LA G R 105 27 32 105 27 32 105 27 32 154 138% Am Sm & Ref pf(7). 73% 515 Am Steel Fdry (bl). 3% 21 Am Stl F'rts May 15 115 109% Am Steel F pf (7) 26% 20 Am Stores (2)._. 567 45 Am Sugar (2)_. 187 160% Am Tel & Tel (’)-_ 99 78 Am Tobacco (5).._. 997 80% Am Tobacco B (5). 15013 128!3 Am Tobacco pf (6)_. 201 1314 Am Type Founders_ 295 184 Am Water W (80c)_ 20 6% Am Zinc & Lead ___ 6913 481 Anaconda Cop (11) _ 97 79 Anaconda Wire bl 13714 24 Andes Copper 11 133, 9915 7014 24%, 106 94% 107% Armour(Del)pf(7)_ 7 Armour of I11(b35c) 81% Armour(Il1)pr pf 6. 58 Armstrong Cork(3). 15% Assoc Dry Goods _ 967 Assoc Inv pf ww (5). 6915 Atch T & S Pe(a2) .. 972 Atch T & S F pf(5) . 4413 Atl Coast Line(a1)_ 35 AtIG& W Ipf(a3)_ 29% Atl Refining (1) ___ 16 Atlas Corp (80c) . 273 Auburn Auto ___. 6% Aviation Corp Del_.. 6% Baldwin Loco (d) ... 513 Baldwin asd (d) ... 20% Baltimore & Ohfo ., 47% 33% Baltimore & Oh pf 45 40 Bangor & Ar (2%)._. 110%3 102 Bangor & A pf (5)_. 35% 26% Barnsdall (1) ___. 20% 15 Bayuk Cigar t75c_.. 28% 23% Beatrice Cream t1 15% 12 Belding Hemin (1) _ 301 20% Bendix Aviat'n b50c. 233 20% Benef Ind Ln (b95c) 105% 73 Bethlehem Steel(bl. 20 18'% Beth 6% pf (1) 129% 117 Bethlehem pf (7)... 29% 22 Blaw Knox (b20c) 9413 87 Blumenthal pf(a21) 49% 33% Boeing Airplane _. 481 407 Bohn Alum & B(3)_. 46%; 41% Bon Ami (B) (2%) 28 24% Borden Co (1.60) ... 4314 3874 Borg-Warner 158, 231 597y 53 102% 8 368, 9% 11y 94 40% Bridgept Bras(60c_.. 45 Briggs Mfg (12) _ 27% Bklyn-Man Tr (4) 76 Bklyn-Man T pf(6)- 4 Bklyn & Queens _ 321 Bklyn Un Gas(1.60) 18 Brunswick-Balk 16% Bucyrus-Erie 9 Budd (EG) Mfg_ 8 Budd Wheel (a20 31% Bullard (b25c) ___ 50% Bulova Watch (t4)._ 26 Burr Add M (80c) __. 24% Bush T Bldg pf(d) 13% Butler Bros (60c).. 29% Butler pf (1%4) ... 414 Butte Cop & Z(a5¢)- 224 Byers (A M) __ 72 Byers (A M) pf_ 27 Byron Jackson (t1). 37 Calif Packing (1%). 50 Calif Pkg pf (2%)_- 2% Callahan Zinc-Lead. 12 Calumet&Hecla (1) 25% Canada Dry G Ale__ 17% 12% Canadian Pacific _ 61'2 48% Cannun Mills(b50c? 106 100 Car Clin & O stp (5) 9% 7 Carriers & Gen(bsc) 176% 138 Case(J I)Co (4) ._. 129% 116 Case(J I)Co pf(7)_. 100 85% Caterpillar Tr (3)_ 403, 26% Celanese (b75¢)___. 48Y% 36% Celotex Corp .____. 821 74% Celotex Corp pf(5)_. 12% 7% Central Foundry.__ 107% 100% Cent Ill Lt pf(4%4)... 24% 14% Cent “ioleta Sug . __ 14% 103 Century Rib M b20c. 86% 621 Cerro de Pasco (4).. 23% 15% Certat d Prd ... 82 677 Certain-teed pf (6) - 60% 35% Champion Pap (+1). 111 108 Champion P pf (6)_. 90% 78% Chesapeake Crp(3). 687% 561 Ches & Ohio 12.80_.. 4 2% Chi Grt West (d) ___ 12 ChiGrt West pf (d) 8 ChiInd&Lpf (4).. 2 Chi Mil St P&P (d). i M St P&P pf(d). 1 &N W (d) . II%CM&N W ot (&) 21 Chi Pneumatic Tool 587 Chi Pn T pf b87%e.. 2% Chi R 1 & Pac (d) ._. 5% Chi RI&P 6% pf(d). 15% 12Y% Chilas Co 80 46% Chille Copper (b75c) 135% 109% Chrysler Corp b314_ 21% 187 City Ice & Fuel (2)_ 92 837% City [ce & F' of 63 _ 70 60 City Investing (b2)_ 10% 7 City Stores _ 40% 32Y Clark Equip(t1.( 00) 44% 35 Clev Graph Br (2)_. 98% 78 Cluett Peabody (3)_ 170% 122% Coca-Cola (t2) . __. 25% 19% Colgate-P-P(t50c). 104 102% Colgate-P-P pf (6)_ 62% 51% Collins & Afk'n (2)_. 112% 108 Collins & Alk pf(5). 51% 86 Col Fuel & Iron(b1) 20% 12% Columb G & E1(40¢c) 108 93% ColG&EDpfA (6). . 39% 31 Columb Pie vte (1) 125% 112% Col Carb vto (t4) .. 69% 56% Comcl Credit (+4) ._ 114 100 Comecl Cred pf (4%) 80% 63% Comel Inv T (t4) _. 14% Comcl Solv (160¢) .. 2% Comw & Southern._. 50 Comw & Sou pf(3).. 13% Conde Nast Pub___. 36% Congoleum-Nrn(2)_ 831 Con C pr pf ww 6% _ 90% Con C pf xw (6%%)__ 80 Consol Cigar pt (7)_ 49% 37 Cons Edis N Y(12)_ 108 104 ConsEAN Y pf(5).. 5% 3%ConsFilm . ______ 13 Cons Film pf (a2).. 15 Cons Oil (80¢) ... R R Cuba pf__. 528, 241 25Y% 14% 13 45Y% 65% 35% 45% 18% 36% 91 33% 91 34% 48% 50% 61y 20% 38% 18% 17% 83 Cona Coal Del vt pt 205 Container Corp 1.20. 23 Contl Baking (A) ... 2% Contl Baking (B) .. 50% Contl Can (3) __.. 20 Contl Diamond (2). 36 Contl Insur (+1.60). 2% Contl Motors ___. 40% Contl Of] Del (11).. 621 Corn Ex Bank (3)... 5€% Corn Prod Ref(t3)_ l71l6 153 Corn Prod R pf (7). 10% 6 Coty Inc 56% 46 CraneCo 37 29% Cream of Wheat(2). 28% 19Y% Crosley Radioalyf . 100% 70% Crown Cork & 8(3). -3 2 35 149 100s 1111332 11118 32 11113 82 +1732 22 - o S - T T TS S PSP S 55 114 3 i 153 1423 142 52% 52 2% 2% 142 1% 524 — 3 2% 22 + 4% 45% — Y% 1647 — 15 108% 105‘/: 80% 80% + 564 56% — 2% 2% — 12% 9 2% 5% 4% 14 5 111% 19% 19% 40 89 39% 40 89 89 150 153 21% 21 21% + % 102% 102% 102% — % 55% 54% b54% — % 110 110 110 — % 36% 36% 36% —1% 18 12% 94 94 34 33 115% 115% 64 62% 1% -1 106% 106% 2 67% 16% 2% 53 16% 7 3% 5 + W Crown Zell cu pf(5). Crucible Steel a— Crucibe St pf b315_. 1% CubaCo._ . . 14% 9% Cuban-Am Sug: 127 110 Cuban Am S pf b2 % 3815 Cudahy Pkg (2%4).. 14% Curtis Publishing... 92% Curtis Pub pf (7) ... 5% Curtiss-Wright____. 18% Curtiss-W (A)a50c. 73 CushmanSpf3%. . 15% Davesa Stores(t1)_. 24 19 Davegacumpf13._ 109 100 Dayton P&L pf 6% 1874 104% Deere & Co 31% 29 De 58% 24% 10% 146% 15% 6% 36% 40% 23 29 46% 51 V)% 109% 834 23% 86 Copf 1.40__ 42% Delaware & Hudson. 171 Del Lack & West __ 6% Den & R G W pf(d). 120 Detroit Edison (t4). 9% Det & Mackinac __ 61 Devoe & Rey A(13)_ 30% Diamond Match (t1 36l Diamond Mpf(t1%) 18% Diamond T Mot b25a 20% Distil Corp Seag. 36% Doehler Die Cast(2) 381 Dome Mines (12 10 Dominion Stores_... 49% Douglas Afrcraft__. 15 Duplan Silk (1) . _. 116% Duplan Silk pf (8)_. 148% Du Pont (b76c) - 11% Eastern Rell Mills_. 151 Eastman Kodak(6). %a 31% Eaton Mfg (2) _ 11% Eitington-Schild ___ 21% E! Paso Nat G 1.60.. 34% Elec Auto Lt +2.40_. 10% Elec Boa* (a60c) ._. 4% Elec&Mus 1 (al8¢c). % 175 Elec Pow & Light _. 92% 69 Elec Pw & Lt $7 pf.. 442 39 Elec Storage Bat (2) 2 1% Elk Horn Coal (d) . 8 4% Elk Horn Cl pf (d) _. 115% 108% Endicott-Jhn pf(5). 17% 10 Eng Public Serv _. 9% 6% Equitable Office B. 23% 13% Erle RR . RS 35% 24 ErieR R 1st pf_ 26% Bvans Prod (t1) 4% Exchange Buffet ... 31 Fairbanks Co_ 20% Fairbanks Co p! 90 Fed Lt& T pf (6). 94Y% Fed Min&Sm pf(7) . 7 Federal Motor(40c). 5% Fed Screw Works. 34 Fed'd DeptStr(2)__ 97 Fed'ted Dep S pf 4% 45% 37 Fidel Phoenix t1.60. 41% 32% Firestone T&R (2)_ 107% 1062 Firestone pf A (6) .. 52% 44 First Natl Strs t23%. 464 323 Flintkote Co (1) .. 9% 6% Follansbee Bros(d 5415 43 Foster-Wheeler_ _ 135 118 Foster-Wheeler pf.. 32% 25% Freeport Sulph (1) 117 109% Freeport Sul pf(6) .. T3 4% Gabriel Co (A)_. 33 22 GamewellCo 19% 131 Gar Wood Ind a550. 1513 1113 Gen Am Inv(a75c) .. 86l 68 Gen Am Trans (a3). 12'5 Gen Baking (160c) . 8% Gen Bron: 23'3 Gen Cabl 47% Gen Cable (A) 112'3 Gen Cable pf (a7) 39 GenClgar (14) __ 50% Gen Electric (b40c). 39 Gen Foods (2) 173 Gen Gas & Elec(A). 60 Gen Mills (3) 55% Gen Motors (b1, )_. 122% 114% Gen Motors pf(5) 151 10'3 Gen Qutdoor Adv._. 19 15% Gen Print Ink new_. 6512 42 Gen Ry Signal (1) 117%2 111 Gen Ry Signal pf(6) 5% 3 Gen Realty & Uul__ 207 15% Gillette S Ras (t1)_ 8814 83 Gillette SR pf (5)-- 29% 20% Gimbel Bros ______ 5112 41 Glidden Co (2)oceee 6% 4% Gobel (Adolf) .____. 8% 6% Goebel Brew (t20c). 504 31 Goodrich(BF) b50c_ 27% Goodyear T& R bl_. 100 Goodyear cu pf(5)_. 9% Gotham Silk Hose 91% Gotham S H pf (7)_. 3 Graham-Paige 613 Granby Cons 39'3 Grant (WT) (11.40) 40% Grt Northernpf _ __ 19 Grt Northn Ore (1) 356 Grt West Sug 12.40. 313 Green HL (11.60) . 133 Greyhound (t80c)_. 10's Greyhound pf(55c) 2% Guantanamo Sug__ 105 101 Hanna (MA) pf(5)- 5814 43 Harb-Walker (12) .. 17% 12% Hat Corp of Am 80c. 8 4% Hayes Body ___ 109% 101 Hazel Atlas Gl (1‘5). 157 123 Hecker Prod (60c)-. 126 108 Helme (GH) (15)__. 185 150% Hercules Pwdr (6)_. 135% 127 Hercules Pdr pf(6)_ 52% 387% Holland Fur(al).- 120% 105% Hoiland Fur pf(5)_. 30% 21 Hollander & Son(1) 431 337 Homestake (112) _ 37 Houd-Hersh A(2%) 20% Houd-Her B (t13). 573 Household Fin (4).. 1213 Houston Oil vte _. 623% Howe Sound (13).. 17% Hudson Motor 3% Hupp Motor _ i» Hupp M rts May24 2214 I1linois Central _ 62 Ill CentlsIn (4) 36% Indus Rayon (2) ... 131% 110 Inland Steel (t4)_. 33% 20% Inspiration Cop _ 6 47 Insur Sh Ma (b10c). 13% 6% Inter Rap Tr vte(d) 64% 41 Interchem Corp(i2). 11% 4% Intercontl Rubber.. 28% 16% Interlake Iron ___.. 9% 5 Intl Agricultural_.. 189 155 Intl Bus Mach(16).. 11114 99% Intl Harvester(2%) 162 144% Intl Harv pf (T) ... 6 8% Intl Hydro E1 A ... 6% Intl Mercantile M__. 11% Intl Mining (b15c)_. 55% Intl Nickel (bl)___o 16% Intl Paper (A) oo 10% Intl Paper (B)aeeee 5% Intl Paper (C)aeae. 90% Intl Paper pf 43% 1087 427% Intl Shoe (+2) 104 Intl Tel & Tel 24% Interstat Dp 107!/; 103% Inter Dept St pf(7 ). 30 25% Island Creek (2) 156 125% Johns-Manv (+3)._. 136 122 Jon&L 1% pf(bl¥%). 33% Kalamazoo S (11) 20 Kans City South___. 22 KayserJ &Co (2).. 16% Kelsey-H A (a13).. 51 Kennecott (b50c)... 5% Kinney (G R) Co.. 47% Kinney pf (a1). 81 Kresge Dept Stores. 147 129 Kresge D S pf(b20)_ 29% 24% Kresge S 8 (b3lc) 24% 21% Kroger Groo (11.60) 24 18% LambertCo (2) . 18% 9% Lehigh Val Coal pf_ 24% 17 Lehigh Valley R R.. 137 118 Lehman Corp (13)_. 21% 16 Lehn & Fink b6235¢. 58% 48% Lerner Stores(12).. 79 61% Libbey-Ow-F b76c_. 15% 9% Libby McN & L(a1). 113% 97 Ligg & Myers (+4)_. 114 96% Ligg & Myers B t4._. 23% 21% Lily Tulip (t13%)__. 83% 59 Lima Locomotive. .. 63% 43% Liquid Carb (2.60).. 64% Loew's Ine (2) __ 110 106 Loew’s Inc pf(6%4). 37% 2% Loft Inc 5% 62 Lone Star Cmt b5 10% 6% Long-Bell Lumb(A) 43% 32% Loose-Wiles (2) ... 28% 21% Lorillard P (11.20) . 19% Lou Gas & Elec (A). 29% Ludlum Steel (t1)_. 29% McCall Corp (12) ... 40% McGraw Elec (12)_. 82% Mclntyre Porcu(2 81% McKeesp’t Tin Plate 12% McKesson & Rob .. 13% McLellan Strs b76c. 42% Mack Trucks (t1)_. 46% Macy (R H) (13) __ 11% Mad Sq Garden b95e 5 Manati SBugar (d) 17 Manati pf étfs (4)-- 9 Man El ma gtd (d)_. 18% Manhat El gtd (d)-. 19% Manhat Shirt (1) .. 10% Marine Mid (t40c).. 2 MarketStRy. .. .. 26 Market St Ry pr pf- 18% Marshall Fleld .___ 25% Martin (Glenn)..... ISA 1 101% 1013% 101% —1% 2 64% 63% 63% —1% 1123 123 128 +3 14% 1031 103% 129% 132 +4 29 29% — % 4 44 + % 18% 18% % T+ % 19 119 -1 15 6214 — % 31% —1% 36 — % 18 — 3% 21% — % 38% ~1% 3815 —1% 108 — 3% 51% % 115% —1% 155 — % 11% 157 — Y% 34%h — % 12% 24% +1 37% + 10% — A% — 19% + 2% — © E o D00 COIG OIS @ i €0 1t 00 5 U1 1 03 69 1 00 1=t OV 10 B 19 60 0 OO et b 11% 11% 157% 157 34% 344 124 12% 24% 24 3T 36% 10t 10% 4% 4% 19% 18% s 2% 38% 1w 4% 110% 9 6% 1814 e F OFEFFEEFEF ® S - [N FEF a0 S H + & + o 100% ™ 7 35% FERPEPE FF +11+110 & O ] @ & + Hl++l I+ + EFEATFEGE Banrnndaal AR O &8 & aEwss © S 5 P TSP S o - = 5 s FHEss EEFFFEFFFEFEFFRES & % 102+ Gries 48 48% 43 43 + 10% 10% 26 26% 104 104 29 29 + 129 129y — 122% 1221% — 33% 22% 22 1% FF F3 123Y% 33% 23% 22 17% 541 53% 7 7 62 61% 9% 105 10a 24% 24 22 21% 20% l(l% 10% 19% 19 19% + 120‘/. 120 120% + 17 48% 48% 67 12% 97% 96 22% 65% 49% Frey Lesas 21% EFFELF - o 2% — % 53 —21 - - - - b?u.—nmv—snmr—-‘w»—-cnmanm—qmm»ohnmnaunmm 1 754 76 I 105% 105% — % 2 41% 664 16% 44 34% 101 86% 16% 4% 2% 35% Mathieson Alk (134) 56 May Dept St (3)___ 10% Maytag Co (a50c) .. 89 Maytag pf ww (3).. 25% Mead Corp. 94 Mead Corp pf (6 70% Melville Shoe ('5) - 113% Mengel Co 41 Mengel 1st pf (2%) 58 Mesta Mach (b1%).- 26% 14% Miami Copper - 36% 28% Mid-Cont Pet (b50c) 120 100 Minn-Hon Ros (2) _ 124 108 Minn-Hn R pf B(4). 16% 11 Minn Moline Pow._ 34 26% Mission Corp (llie) 9% 6% Mo Kans & Texas__. 34% 24% Mo Kans & Tex pf A 12% 7 Mo Pacific pf (d) __ 40% 30% Mohawk Carp(1. 20) 101 85 Monsanto Ch(t1.60). 69 51% Montg Ward (t2) _. 3% 114 Mother Lode a12%o0. 381% 31% Motor Prod (12) _ 26 20% Motor Wheel (1.60) 54 41 Mueller Brass (11)_ 39% 28 Mullins B (a50c) ... SGV. 27% Munsingwear (3)__. 70 Murphy G C (2.60) .. 108‘6 102 Murphy G C pf (5)-. 20% 13% Murray Corp(ab0c). 24% 17% Nash Kelv (1) ____. 47% 36 Nashv Chat& St L_. 24 18% Natl Acme (a76c) .. 18% 12% Natl Aviation (a1)_ 33% 25% Natl Biscuit (1.60). 167 148 Natl Biscuit pf(7)_. 33% 257 Natl Bond & In 1.44. 38% 29% Natl Cash Reg (1) _. 26% 22% Natl Dairy Prd 1.20. 109% 107 Natl Dairy pf B (7). 24% 17% Natl Dept Store: 10% 6% Natl Dept Strs pi 27% Natl Distillers(t2. 184 15% Nat'l Gypsum Co._. 44 31% Natl Lead (+50c) ___ 171 154% Natl Lead pf A (7)_. 61% 48 Natl Mall & S C b50e 14% 9% Natl Pw & Lt (60c). 941 70 Natl Steel (12%)_. 109% 62 Natl Supply Co_.__. 124 8% Natl Tea (60c) . 134 10% Natomas (180c) 57% 45% Neisner Bros (12)_. 109 100 Newberry pf (5)___. 41% Newport Ind(b50c). 55% N Y Central _ 72 NYChi&StL_ 100 NYChi&StLpt. 31% 26 N Y City Omnibus_. 21% 15% N Y City Omnibp w. 1274 N Y Dock. . - 25% 17% N Y Dock pt 185 126 N Y & Harlem (5)-— 9% 5% NYNH&H (4).___ 26 16% NY NH & H pf (d)_. 114 102 Norf& W pf (4)___. 17% 11% North Am Aviation_ 347 24 North Am Co(b30c). 57% 51% North Am Co pf (3). 1045 97% North Am Ed pf (6) 106 93 Northern Cent (4)_. 36% 2T% Northern Pacific __. 67a 3% Norwalk Tire & R__ 22% 17% Ohio Oil (b50c) . __. 73 531 Oliver Farm Equip— 26% 163 Omnibus Corp vtc_. 4 35 Otis Elev (60c) 127% Otis Elev pf (6) 1615 Otis Steel . _ - 75 Otis Stlev pf (534)_ 22 Outboard Mot b75c_ 8214 Owens-I11 Glass (3) 17% Pacific Am Fish 1.20 9%, Pacific Coast ______ 24 Pac Finance(t1.80). 29Y Pac Gas & Elec (2)_ 4314 Pao Lighting (3) _. 22% Pac West Oil(a5c). 9% Packard Mot (bl5c) 2% Panhandle P& R___ 60 Panhandle P&R pf_ 70 Paraffine Co (bl1) 19% Paramount Pic _ 140 Paramnt 1st pf (6).. 18 Paramnt 24 pf 60c_. 43 Park Utah ________ 38 Parke Davis (b1)__. 2473 Parker Rust (113%). 4% Parmelee Trans_ __. 7 Pathe Film Corp___. 14% Patino Mines(t60c). 35 Peerless Corp__. __. 4313 Penick & Ford (13)_. 944 Penney JC) (4)___- 7% Penn Dixle Cement_ 22 Pa Glass S ctfsa50e 393 Penn Railroad (a2) 16% Petrol Corp(A) b40c 9% Pfeiffer Brew b60c 1-32 Pfeift Brrts May 13 46 Phelps Dodge bs0c_. 45 Phila Co 6% pf (3).- 8% Phila Rap Tr pf(d). 1% Phila & Read C & I 70 Philip Morris(b3%) 4915 Phillips Petrol'm t2 60 Pittsburgh Coal pf_. 13% Pitts Screw&B bl5c. 98 Pitts Steel pfo____.. 3% Pitts United —emeee 3114 Pitts & W Vi 24% Plymouth Oil 18 Pond Creek Poc 12). 22% Poor&Co (B) . ___. 814 Postal Tel&C pf(d). 31% 22% Pressed Steel Car__. 65% 551 Proctor & Gam(12). 11813 1143 Proc & Gamb pf(5) 52% 407 Pub Svc N J (2.60)_. 1401 127% Pub Sve N J pf (7) 1621 149% Pub Sve N J pt (8 72% 57'% Pullman Inc (134). 24% 18y Pure Ofl = 112% 108 Pure Oil pf (8) - 15% Purity Bak (60c! 16 Quaker State O bd5c 8% Radio Corp __ - 68% Radiopf A (33%).___ 7% Radio-Keith-Or (d). 37 Reading RR (2) 45 Reading 1st pf (2).. 8% Real Silk Hoslery . 17% Reliable Stores (1)-. 21 Rem-Rand (t60c) . 80% Rem-R pf ww(43%). 5 Reo Motor Car_____ 27% Republic Steel 98 71 Revere Copper(A).. 139 128% Revere Cop pfbl%. 30% Reynolds Met (t1).. 34y 23 Reynolds Spr (1) _. 58 50 Reynolds Tob B (3). 86% 60 Roan Antel (a1.13)_ 46 36 Safeway St (12) 113 110 Safeway Strs pf(7). 43% St Joseph LA (b50c). 2 St L-San Fren (d).. 6% St L-San Fr pf (d) 423 Schenley Dist(b75¢) 94 Schenley pf (5%)_. 1% Schulte R Strs (d)_. 16 Schulte R S pf (d)._. 38 Scott Paper (1) __ 13 Seaboard Afr L (d)_ 5% Seaboard A L pf(d). 39 Seaboard Ofl (1). . 81 Sears Roebuck (3).. IS‘ 12% 80 10% 47 49 13% 22% 29% 4% 9% AT% A% 11% 51% 98% 3% 23% 45Y% 2% 8% 54% 95% 29 - % 101% —1% 108 13% + % 25% -2 32 86% —2 51% — W 42% 29 Sharon Steel (11.20) 14 9% Sharpe & Dohm 17% 12% Shattuck F' G (6 34% 25% Shell Un O11 (BZSC). 106% 102 8hell Un Ofl pf 5% . 17% 12% Sflver King (b25c) .. 68 437% Simmons Co (b50c). 4% 3% Simms Petrol _____ 60% 42 Skelly Oil (b50c)___ 120 101 Sloss-Sheff pt (6)._.. 54% 37 Smith (AO) . __ 40% 27% Smith & Cor ctfa(1) 29% 21% Snider Pkg (b1%)_. 20% 16% Socony-Vac (b25c)- 6% 3% South Am G & P 30c 42% 34 South Port Sug(t2). 24% So Cal Edison t1%._. 421 Southern Pulflo__.. -2 % ~ % 28% + % 9% — % 5% Sparks- Withing_ 92 Spear & Co pf 15%) 17% Sperry Corp vtc(al) 28% Spicer Mfg (a3).__.. 45% Spicer pf A (3) 21% Spiegal, Inc (1) 89% Spiegel cum pf(4%) 12% Stand Brands(t80c) 8 Stand Com Tobac. .. 8% Stand Gas & El (d)_ 19 Stand G&E $4 pf(d). 49% Stand G&E $7 pf(d). 42% Stand Ol Calif(11). 4314 Stand Ofl Ind (11).. 64 Stand OIINJ (t1)_. 63% Sterling Prod 13.80 17 Stewart-Warn t50c. 21Y% Stone & Web(a25c). 20 13% Studebaker Corp.... 125 119 Sun Oil pf (6).. 7% 4% Superior Ofl_ 33 Superior Steel _ 32% Sutherland P 11.60._. 24% Swift & Co (11.20) ... 30% Swift Internatl (2).- 16% Symington ww bl0a. 12% Symington xw bl0e. 10% Penn Corp (a1bc).-... 50% Texas Corp (2) ... 7% Texas Gult Prabc__ 35% Texas Gulf Sul (t2) 12% Tex Pac C&O0 bl0c_. 11% Texas P L T (a10c). 85 The Fair pt (7) 9 Thermoid Co 10 ThompsonJ R t60c_ 23 Thomps'n Prod b40c 5% Thompson Starrett_ 22 Thompson Star pf__ 16% Tide Wat As Oil 80c 96 Tide Wat AOpf 43 21% Timken-Detroit(t1) 60% Timk'n-Roll Brg(3) 13% Transamerica t40c_ 14% Trans Wst Air a26c. 8% Tri-Contl (a50c) .__. 814 Truax-Traer(b25¢c). 33% 20th Cent Fox b50c. 42% 20th Cent F pf(1%4). 16% Twin Coach (b15c) - 77% Und-Ell-Fisher (3). 63 Union Bag & P (2)-. 95 Union Carb (3.20) __ 24% Union Oil(Calif)1.20 126% Union Pacific (6) -__ 24% Utd Aircraft(as0c). 15% Utd Air Lines a20c... 247 Utd Biscuit (1.60)_. 69% Utd Carbon (4) 29 Unit-Carr Fast(12). 47 Utd Corp (a20c) . 38 Utd Corp pf (3).___ 12% United Drug (b25c). 184 Utd Dyewood (1) 6 Utd Elec Coal . % Unit EICrts Ml}' 14 46% Utd Eng & Fy (12)_. 79 United Fruit (13) ... 13% Utd Gas Imp (1) __. 615 Unit Paper’bd b30c_ 17 U S & For'n Secur__ 39% 28% 33% 23% 156 U S Gypsum pf (7). 17 USHoffman.___ 34% U S Indus Alcohol... 6% U S Leather vte____ 13% 1J S Leather(A)vtc_ 53 U SPipe & Fdry(3). 113 U S Realty & Imp_... 44% U S Rubber —— 8814 U S Rubber Pl 82% U 8 Smelting (b4) __ 68 USSmeltpf (3%).. 1263 75 U S Steel . 150 1351 U S Steel pf (1) 136 124 U S Tobaeco (t5) 9% 6% Unit Stk Yds (50c) - 8 43 Utd Stores (A) 4% 244 Utll Pw&Lt (A)(d). 1% Vadsco Sales Corp.. 48 Vadsco SalesCpf.. 26 Vanadium Corp.___.. 41% Vick Chemical (12)- 7% Va-Car Chemical___ % 52 Va-Car Chem 6% pf 108 Va El& Pwpf (6)__ 6% Va Iron Coal&Coke. 70 Vulcan Detin (a8)__ 122% 117% Vulcan Detin 91(7). 10 313 Wabash (4) ____ 9 Wabash pf (A)(fl) - 13 Waldort Sys(t1.20). 42% Walker (H) (2).___ 19 Walker (H) pf (1)_. 11% Walworth Co. 5% Ward Baking (B)._. 75 Ward Bak pf(bl1%). 12% Warner Bros Pict _ % Warner-Quinlan(d) 6% Warren Bros (d).__ 33% Warren Fdy&P(t1) 4% Webster Eisenlohr_ 46 Wesson O&S (150c) 90 West Penn EIl pf(6) 100 West Penn El pf(7) 813 Western Maryland._ 2!4 Western Pacific_ AR AR Y+ & 15k FEFE FRFFFR 167% 130% Westhse Elec (b2)_. 34% 30 Westvaco 6%pt 1%. 65 38 Wheeling Steel. 23% White Motor . 4% White Sewing Mach 27} White Sew Mch pf_. 4% Wilcox Ofl & Gas___ 8% Wilson & Co (50c) - 79% Wilson & Cp pf (6)- 48 Woolworth (2.40) __. 34% Worthington Pump. 81 Worth Pump pf(A). 6815 Wrigley W ir (13)_. 48% Yale&Towne(+60c). 20% Yellow Tr & Coach_ 142 123 Yel Tr&Cpf(bl%) 465 39% Young Spr& W(13). 101% 175% Ygstn S&T (b7be).. 9% 6 Zonite Products____ I+ e |+ + F EFFRLRFEFESFF & OF ¥ 62‘/: 10:00 A.M._. 12:00 Noon. 270,000 ++100+1+00 payments based ol not including extras ™ x Bary d Companies reported x Ex dividend. NEW YORK COTTON By the Associated Press. NEW YORK, May 11—Further rains in the Western cotton belt and easiness in grains brought in foreign and domestic liquidation in cotton to- day. July sold off from 12.87 to 12.77 and in midafternoon was 12.80, when prices showed net losses of 10 to 14 points. '!;.;tuxn closed barely steady, 14 to 18 lower, Spot_quiet: middling, 13 6. n—Nominal. Cottonseed Oil. Bleachable cottonseed oil futures closed easy, 7 to 13 lower. Sales, 171 contracts, including two switches. May, 9.52-55; July, 9.45; September, 9.50-51; October, 9.44; December, 9.39. b-Bid. New o:lun ma-. NEW ORLEANS, —cnnon tronded lower in " earl v trlfln( on ullhl influe; iver- pool snd continued fa Vorabie. crop weathe: in the bel ere was mtlnu.d lquidation cept buvers and some commission selling. July" confracts ‘Shensd. af 1595 chobel’ at 12.63, ember at 12.60, Jan- at 12.71 and llll'l:h lt 12.74. down trend continued after m ltlfl l‘modu ltllln‘ flllrl’lll and lacl k of the end of the first half Bonr the fonen‘d mar around 8to der l ‘was sellin B v.-n: “ndion: tinued raln in. wm’?n" on = Inam-ud "eon- belt where mohturl was needed. tures were hig} pSottonseed ofl Lol nnmzd steady, May, 9. oob. 9.00b. ‘ot “tne | igtble. Deccmber. B o5h —_— DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, May 11.—Offerings of United States dollars in order to pur. chase gold weakened the unit 9-16 of a cent in today’'s foreign exchange mur- ket. Closing quotation was 4.941, to the pound, contrasted with the finai sterling rate of $4.94 in New York yesterday. French francs ended at 110.16 to the pound, against 110.19 on Monday. PARIS, May 11 (#).—Rentes, 3 per cent, 64 francs, 50 centimes; 4148 “A,” 69.95; 4145 1937, 94.55. Exchange on London, 110.18. dollar was quoted at 22.28. GOLD IMPORTS CLIMB SHARPLY DURING APRIL By the Associated Press. The Commerce Department said to- day gold imports into the United States in April - | compared with $154,370,956 in March and $28,106,110 in April. Sllver imports in April amounted to ti,fll,l'l!, compared with $5,589,044 the preceding month and $4,490,222 in April, 1936. Exports ‘Tempera- ber, 9.0 6: tember, 8.088; Octove; Committee. The since 1919. of 1,375. totaled $215,824,506, of both metals were neg- share. for the Day Dividend rates $,511eD I the above table ate the annual cash e latest quarterls s Unit of tudln- less than 1 g 'aid las in receivership or being reorganized. 1 32% 32% 13 1% 11% 1 14 14 18 28% 27% 1104 104 2 13% 13% 21 43% 424 4 3% 3% 2 56% b55% 508 104 104 8 37 34 32% 22 18% 4 35 56% 20% 49% 42% 44 €6% 657 19 22% 16% 20! 12471 124 5% & amSonolaraboarra 4% ldl'q 141 25%s 247 16% 15‘4 25% 25% 79 79 314 5 39% 13 2214 6% 14 49 81 131 1345 17% 201 113 156 197 345 9%, 16% 55% 115 5513 88 8474 681y 972 2 135% 135% 1125 125 % T% 5 2% 1%, 408 5314 14 27w 6 45% 8 9 2 56 708 111% 111 708 T Y% 108 79 9 10s 121 121 6% 6% 13% 14 e o - FOPTS - FOPR- 3= PP IPRY S EPE—J cE pep | e 12 908 100% 99% 2 9y 3 11 2 815 31 60% b9% 6 444 44y 16 135% 13415 1 30% 30% ATl 6! 6% 36% 308 105 104 2 70 68% 1 494 49% 143 23% 21% 10s 126 126 2 39% 391 26 862 85% 1 65 64 1:00 P.M. 750, I yearly d year. b Paid 32% — 1% — U+ 28% + 104 13% 43 3% 5613 + 104 + 85 -3 325 — % 22 18% 4 35% — % 24% FE FFIFR 124% 5 34% 363 24% 31 16% 12% .'_ 3 FFEIFES =3 141 25% 161 25% 79 31y 5 393 134 221 113 156 20 343 9 16% 55% 12 561 89 8474 68 99y 135% & (R = o i 7 F OFFE FEFFFEEFE % 5 M g 8% 598 444 1354 30% 24% =% 36% + % 104 214 70 +1 49% —1% 23% +1% 126 39% — % 85% — % 6% Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 AM < 400,000 580,000 leclarations. nnual rate— this year, Johnson Is Named |? To Vice Presidency | . Of Stock Exchange By the Assoctated Press. NEW YORK, May 11.—Walter L. Johnson was elected vice president of the New York Stock Exchange today at the annual organization ngeeting of the Governing Committee. He succeeds Edward H. H. Simmons, Wwho was not a candidate for re-elec- tion. Simmons continues a governor and chairman of the important Law Johnson is a member of the stock exchange firm of Shearson, Hammill Co. He has been a member of the exchange since 1918 and a governor The organization meeting followed re-election yesterday for a third term of Charles R. Gay as president of the exchange. It was revealed today the total vote cast for Gay was 656 out ‘The unusually light voting was traced to the fact no opposition slate against Gay and other officers was in the fleld. Gemmer Manufacturing Co.—De- clared & dividend of $2 on class A stock, payable May 24. On December 21, 1936, & dividend of $5 a share was paid on account of arrears. Giving effect to current distribution, arrears on this issue amounted to $6.25 a *!the worst. ATENDOF SESSION Run Into Further PreSsure After Quiet Rally From Early Lows. Stock Averages 30 18 Indus. Rails. Net change. —5 +.4 Today close. 91.1 Prev. day__. 91.8 Month ago.. 95.3 Year ago... 79.1 1937 high.__101.6 1937 low... 89.6 i 99.3 15 60 Utl. Btks 3 —3 428 674 431 677 462 170.6 434 585 540 753 428 66.2 537 7238 4 302 434 55.7 low... 175 8.7 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low... 51.6 953 61.8 618 (Comptled by the Associated Press.) 452 4438 46.0 321 49.5 318 435 BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, May 11.—With rails furnishing the motive power, selected stocks today put on a crawling rally for a while only to meet further seli- ing pressure in the final hour Buying was sluggish throughout, and the ticker tape found little work to do most of the day. The list extended Monday's setback fractions to 2 or more points at the opening. Support soon appeared and losses wege reduced or canceled. Ad- vances were held well up to the last lap. There was a wide assortment of minus signs at the close United States Steel led the morn- ing retreat. It came back later, along with the carriers and a number of specialties, then again turned down- ward. Board rooms saw nothing especially scintillating in the news, and the feeble recovery move was attributed principally to in-and-out traders, who saw chances for quick profits as a result of yesterday's washout. Broad spreads between bids and offers in several cases evidenced the “thine ness” of dealings. Transfers were shares. Shares recording gains up to a point or so at one time or another— many skidded before the concluding gong—were Santa Fe, New York Cen- tral, Southern Pacific, Great Nor ern, Baltimore & Ohio, So Railway, Northern Pacific, Brook Manhattan Transit, Electric Power & Light, Standard Oil of New Jersey, Texas Corp., Continental Oil, General Electric, Borg-Warner, Douglas Air- craft, Celanese, National Supply and Container Corp. J. I Case yielded about 7 points at Off lesser amounts were Westinghouse, Allied Chemical, Dy Pont, Liggett & Myers “B,” Macy, Mead Corp., Woolworth and mebeu Backward were North American, American Telephone, Bethlehem, United States Rubber, Anaconda, Kennecott, American Smelting, Amer- ican Can, Goodyear, Goodrich and General Motors. Narrow were Con= solidated Edison, Western Union, Pennsylvania, Montgomery Ward and 1 Sears-Roebuck. CHICAGO GRAIN By the Associated Press. CHICAGO, May 11.—Sensational plunges of grain prices today, with corn in the forefront, were overcome to only a moderate extent in late dealings. From a sheer 6-cent drop, corn Tallied less than 2 cents. Wheat re- covered only about a cent At the close corn was 78-412 cents under yesterday's finish, May, 1.26- 1.26%; July, 1.1534-7 8; Wheat 1 cent to 2 cents down; May, 1.221,-3; July, 1.15%5-35, and oats off -7, (Hish. Low around 750,000 5% 1157, 1143, 5 1.203, 1 17 o7 823 Chlcl{o Cl.sh MArket. Cash wheat, no sales reported corn, No. 3 mixed, 1.26- 271%; No. 4 mixed, 1.26; No. 2 yellow, 1.29%: No, 3 yel- low, 1.26-27%;: No. 4 yellow, 1.25! H No. 2 white, 128%; No. 3 w 1.2715-28; No. 4 white, 1.261%. sample grade, 1.00-23; oats, No. 3 white, 5051; sample grade, 47 beans. No. 3 yellow, 1.773,: barie feed, 70-85 nominal; mnltlng 1.00-28 nominal; timothy seed, 4.25-50 hun- dredwelght clover seed, 26.00-3200 hundredweight. Baltimore Quotatio: BALTIMORE. 2, red, W? L O 1.37; May, 1. heat rlicky, spot domoes Winniper Prices. wd" INNIPEG. May 11°(®.—Grain range Wheat: igh. h'. ks ;1:2"» 1 ul 27% 1.24 ’ 1.26-261 ot i us? % 116%-13 ; 'l N lhe“‘ ofthérn, NO". P"' 55. No. 4 Close. Pre: 15, 2" White, white, 54%. KELLOGG HEADS BOARD OF UNITED WALL PAPER By the Associated Press. NEW YORK, May 11.—Directors of the United Wall Paper Factories, Inc., yesterday elected Charles W. Kellogs of Hudson Falls, N. Y., chairman of the board, succeeding Hador Ortman, whose resignation was accepted. Kellogg was formerly vice president and treasurer of the company. WORLD TEXTILE INDEX CLIMBS 25 PER CENT BY the Associated Press. NEW YORK, “ May 1.— Textile world’s index of textile mill activity for_the first quatrer of 1937 showed a gain of approximately 25 per cent over the like period last year. —_— Anaconda Copper Mining Co.— March quarter common share earn- nigs before depletion were 98 cents, against 32 eents. J