Evening Star Newspaper, May 15, 1937, Page 13

FINANCIAL. INSURANGE WEEK 1S PLANNED HERE Life Underwriters to Hold Luncheon—Exhibit to Be Opened. BY EDWARD C. STONE.. National life insurance week in Washington will start off with two special events next Monday, first a luncheon of all members of the Dn.s- trict Life Under- writers’ Associa- tion at the Wil- lard Hotel at 11:30 am., and second the open- ing of a special life insurance exhibit at the Department of Commerce, com- mencing at 1:45 pm., Earle W. 8app, association chairman, an - nounced today. The luncheon guest speaker will be George L. Hunt of Boston, the national association’s campaign chairman, who will also take part in opening the exhibition at the Commerce Department. The national association reports that references to the value of life insurance will be made in the pul- pits of hundreds of churches all over the country tomorrow. Many Amer- fcan colleges will observe the week with lectures, displays and discus- sions, while business firms everywhere have donated space for posters, signs and other material about insurance. The newspaper advertising cam- paign will be larger than usual this year. Liberal space has been taken in the Washington papers and in some 730 other papers in 401 cities. Local broadcasts have also been arranged. In some instances State and city of- ficials have called attention to in- surance week aims. Secretary of Commerce Roper is- sued a statement lauding the pur- poses of life insurance as it touches the social and economic welfare of the country. The exhibit in his de- partment has been prepared by Guerra Everett. Bond Outing Plans Ready. Members of the Bond Club of Wash- ‘ington today received invitations to the annual outing, ‘o be held at the Manor Club on Friday, June 4, signed by President Thomas C. Montgomery and Secretary Chauncey G. Parker, jr. All the usual amusements are on the program, will elaborate prizes for the winners. ‘Three high spots of the outing will be the annual mock stock exchange session, the annual dinner and the election of officers. Kenneth S. Wales is chairman of the Nominating Com- mittee, his report placing before the Bond Club the names of Clark Brown for president, Chauncey G. Parker, Jr., vice president; George M. Ferris, secretary and treasurer; Frank M. Hall, governor, and Thomas C. Mont- gomery, also governor. Edson B. Olds, jr., is general chair- man of the Outing Committee, his assistants being Chet Ailes, ban- quet; Myles H. Quall, tickets; Bayne Marbury, putting; Dick Dunn, golf; Frank Rapee, horseshoe pitching; Donald H. McKnew, prizes, and Har- old Patterson, stock exchange. “In view of the substantial growth in the membership of the club, it is impossible for us to have guests,” the invitations state. GENERAL S'I:OGKYARDS SELLS SHARE HOLDINGS By the Associated Press. CHIOAGO, May 15.—United Stock- yards Oorp., $12,000,000 holding man- agement company, announced yes- terday acquisition for $3,383483 of all the stock holdings of General Stockyards Corp., giving it definite majority control of four yards at St. Paul, Sioux City, Fort Worth and ‘Toronto. Associates of John De Witt, organ- {zer of United Stockyards, said part of the proceeds will be used by Gen- eral Stockyards to refire its 21,360 outstanding shares of $100 par 7 per cent preferred at $107.50 a share plus accrued dividends and the corpora~ tion then will be dissolved. Holders of 64,000 shares of General Btockyards common stock outstand- ing, approving the dissolution of the company, voted recently to accept not Jess than $28 a share for their stock in the deal. Earle W. Sapp. DOLLAR MOVES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, May 15.—United States dollars were quoted 4.94%4 to the pound, off seven-sixteenths of a cent, im final foreign exchange dealings to- day, contrasted with $4.94'5 for ster- ling in New York yesterday. Prench francs closed net unchanged at 110.25 to the pound. 50 TONS OF LEAD SOLD. NEW YORK, May 15 (#)—The St. Joseph Lead Co. reports that 50 tons of pig iron from Southeast Missouri mines were zold yesterday at $5.85 per hundred pounds, St. Louis. CHICAGO LIVE STOCK. ICAGO. May 15 () (U. 8. Dept. Agr.). gfl‘ 2,000, including 1. 00 Gestr very little on sale, practically noshn ehpice; nomisially steady with an nal _top. day; shippers took o Coatitaated hoidover. 300; compared sk azo. 60 to 05 mgner. Week's top, ; closi L0 10888, teRives. M00: compared Pri- a3 last’ week good and choice fed steers 5% Yearllngs 50 Digher. as much as 1.00 over last week's low time: common and odium grades 25 higher; biggest advance lling_ at 1050 upwai t stéer run: Killing quali- duxrmo than week earlier; upturn imulated by supply 'abridgement at ail e ees Jollawh Jast Week s break: aum Beld work expected to curtail runs . DuL sharp advance €4 and grassy helfers : beet eo' cutters w zs lower: bufls 50 nnnl vealers down chie Sbove 1350 lll‘(:n nh.tfl-rl. 11.78: Dackage h & 18:000 amcu 13,000 ucn.b- weak {iss eifers. ombs at midweek. .filflll 11.60-12"" 75 1.25: others, Ol’n ewes, 5.25 £ 0 scattered wooled ewes, \ID'lfd to 6. 254 880, NEW YORK PBOD'UCE myon.xuyum—m 66: xed cold pecial Sacks, Shi: orage-packed fir ‘mediums, dirties ‘average checks, 1 Btter. 5,416 wesker, Orcamery. hisher than ext: extra (Q" lbbl’!) 32; e, “Raol” scorem Bhsei ITE TS agcores). 20-2 acore). 3 Cheese. 980: firm and unchanged. Cive ‘Doultry. by express. weak. Prices hanged. Inebrlnl poultry l!nel’llly steady. Po 0-65 pounds. fresh and froeen. 17a2: Qvaer fresh and frozen prices unchans THE EVENING STAR, WASHINGTON, D. C, SATURDAY, MAY 15, 1937. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE An Prev. 1037 By Priv New York marke Btock and Dividend Rate. Adams Exp (ab5c).. 29% Addressog'ph b60c_. 2% Advance Rumely.__. 68% Air Reduction (1) 2% Air-Way Electric... 11% Alaska Jun (t60c) ... 3% Alleghany Corp.... 20 Allen Indus fl)-_._ 258% 220 Allled Chem (6)._.. 21% 831 8% 101% 41% 160 121 125 13% 187 99 99% 150‘: 204 4Ty 45 11013 43%, 42 35% 20% 288, 105" 231, 623, 105% 20 129% 117 6 9% 38 297, 498 15 Allled Stores (b20c) 58% Allis-Chalm (b50c). 4% Amal Leather - 83 Am AgChm Del bl.. 21% Am Bank Note (11). 125 Am Brake Shpf5%. 97% Am Can (14) 60% Am Car & Fy (b25e) 23 Am Comel Al 84 Am Encaustic e T% Am & Foreign Pwr.. 49 Am & For Pw §7 nf_ 19 Am & For Pw 2d pf_ 16% Am Hawaifan (1) . 42 Am Home Pr '2‘10 213 Am Ice 1314 Am Interntl (a40c)- 43 Am Locomott: 107 Am Loco pf ( 9 Am Mach & Me 4614 Am Metals (b25c) - 62 Am News (N ¥) (3) 814 Am Power & Light._. 5113 Am Pw & Lt pf (5).. 59's Am Pw & Lt pf (6)_ 20% Am Radiator 160c .. 31% Am Roll Mill $1.20._ 28 Am Safty Ras (13)_ 79% Am Smelt & Ref(3). 48% Am Steel Fdry (bl1). 20 Am Stores (2) 43% Am Sugar (2) 21% Am Sum Tob ('1)—- 160% Am Tel & Tel (9)._.. 75 Am Tobaeco (5)__. 76 Am Tobacco B (‘) - 128% Am Tobacco pt (6 134 Am Type Founders_ 174 Am Water W (80c). 8% Am Woolen ___ 61 Am Woolen pf (b1). 6% Am Zinc & Lead . 47% Anaconda Cop (t1). 18 Anchor Cap (60c)__. 5% AP W Paper ._____ 40 Archer-Dan-M(t2)_ 7 Armour of I11(b35c) 5712 Armstrong Cork(2). 10% Artloom Corp _____ 15% Assoc Dry Goods - 96 Assoc Inv pf ww(5). 69% Atch T& S 97! Atch T & 8 F pf(5) 441 Atl Coast Line(al)_ 28 Atl Refining (t1)___ 15% Atlas Corp (806) ... 70 Atlas Powder bl _. 22% Auburn Auto. .. __. 6 Aviation Corp Del_. 6% Baldwin Loco () ... 5% Baldwin asd (d).... 20% Baltimore & Ohfo... 33% Baltimore & Oh pf__ 3814 Bangor & Ar (2% ).- 100% Bangor & A pf (5).. 297 Barber Co (b25¢) .. 38 Barker Bros pf 2% . 24Y% Barnsdall (1) _____ 141 Bayuk Cigar t75c_.. 2215 Beatrice Cream 11.. 1013, Beatrice pf ww(5) _. 194 Bendix Aviat'n b50c. 20% Benef Ind Ln (b93c) 5014 Best & Co (233) __ 73 Bethlehem Steel(bl. 1815 Beth 6% pf (1).___. Bethlehem pf (7) 51% Bigelow-Sanf'd b1 28 Black & Deck bs0c.. 22 Blaw Knox (b20¢).. 3213 Boeing Airplane 4073 Bohn Alum & B(3) 41% Bon Ami (B) (2%)._. 241, Borden Co (1.60)__. 3873 Borg-Warner 15 Bridgept Bras - 41 Briggs Mfg (t2) __. 437 Briggs & Strat (3)_. 277 Bklyn-Man Tr (4) ... 76 Bklyn-Man T pf(6).- 4 Bklyn & Queens____ 156% Bucyrus-Erfe _. 8% Budd (EG) Mfg____ 8 Budd Wheel(a20¢)_. 25% Burr Add M (80c) . 7 Bush Terminal _ 24Y Bush T Bldg pf(d)._. 134 Butler Ero! (80c) __ 28% Butler pf (1%).___. 415 Butte Cop & Z(abc). 20% Byers (A M) 27 Bwron Jackson (f1). 2% Callahan %inc-Lead. 12 Calumet&Hecla (1) 26% Campbell Wy (t1) 25 Canada Dry G Ale_. 12Y% Canadian Pacific__. 7 Carriers & Gen(b5c) 8514 Caterpillar Tr (12). 26% Celanese (b75¢) .. 7ix Central Foundry__.. 27% Central RRof N J_. 60 Cerro de Pasco (4).. 15 Certain-teed Prd___ 7714 Chesapeake Crp(8). 5512 Ches & Ohio 12.80 _. 67» Chi & Est Il pf (d). 2! Chi Grt West (d) . __ 12 Chi Grt West pf (d) 8 Chilnd&Lpf (d).. 2 Chi Mil St P&P (d)_ 4% Chi M St P&P pf(d) 3% Chi& NW (d) _.__ 2% Chi R 1 & Pac () _ 6% Chi RI&P 7% pf(d) 135% 106 Chrysler Corp b31;_ 21% 92 10% 40% 113 985 18% City Ice & Fuel (2)_ 83% City Ice & F' pf 634 _ 7 City Stores __ - 32% Clark Equip(t1. ). 105 Clev El Illu pf 4% __ 78 Cluett Peabody (3). 170% 122% Coca-Cola (12)_.___. 25% 1944 Colgate-P-P(t50c) - 51% Collins & Aikn (12)_ 20% Colo & Southern . 21% Colo & South 1st pf. 21% Colo & South 2d pf__ 12 Columb G & EI(40¢) 90% ColG& Epf (5)___. 563 Comcl Credit (t4) .. 14% Comcl Solv (160¢) ... 21% Comw & Southern_.. 50 Comw & Sou pf(3) . 36% Congoleum-Nrn(2)_ 11% Consol Cigar ... 34% Cons Edis N Y(12)_. 103% Cons Ed N Y pf(5)_. 3% Cons Film__ 1244 Cons Film p: 141 Cons Ol (80¢) _.... % Cons Textile (d).... 8% Cons Coal(Del)vto. 33 Cons Coal Del vto pf 20% Container Corp 1.20. 22 Contl Baking (A) ... 2% Contl Baking (B)... 50% Contl Can (3) ____. 19% Contl Diamond (2) . 35% Contl insur (+1.60). 2 Contl Motors._. 39% Contl O1l Del (t1).. 26% Contl Steel (b‘oo)-. 6215 Corn Ex Bank (3)_. 547% Corn Prod Ref(t3)_ 6 Coty Inc... 42% CraneCo.. 29% Cream of Whut(l). 18% Crosley Radioal . 70% Crown Cork & 8(3) 17 Crown Zeller(new). 51 Crucible ) 135 116 Crucibe St pf b3 %_ 17% 20% 8% 23% 24 137% 31% 29 10% 146% 30 % 180% 17 9 Cuba RRpf __ 814 Cuban-Am Sugar._. 12 Curtis Publishing-. 5% Curtiss-Wright___.. 164 Curtiss-W (A)ab0e._ 19 Davegacum pf1% . 1043 Deere & Co P 29 Deere& Copf1.40_. 20 Deisel-Wem-G(t1). 6% Den& RG W pf(d). 1143 Detroit Edison (t4). 20% Det & Mackinac pf . 86 DistC 8 pf 'W (5).. 381 Dome Mines (12) ... 47% Douglas Afrcraft__. 148% Du Pont (b76c) ... 11 Eastern Roll Mills_. 176% 1561 Eastman Kodak (8). 163 150 KEastman Kod pf(6). 29 21% E] Pasgp Nat G 1.60.. 34% Elec Auto Lt 12.40... 9% Elec Boat (a606) ... 16% Elec Pow & Light_.. 60 Elec Pw & Lt $6 pf_. 68 Elec Pw & Lt $7 pf_, 1% Elk Horn Coal (4) .. 6 Equitable Office B__. 24 ErfeRR1stpf ____ 24% Evans Prod (t1) .._ 3% Exchange Buffet___ 3% FairbanksCo _. _. 50 Fairb'ks-Morse (1) 194 Federal Lt & Trac.. 7 Federal Motor(40e). - 3 1 20% 1221 221 211 f 15 3 1 3 80s 2 1 5 6 1 2 1 3 3 3 2 1 2 ST L IO » -3 AR BN—-ANN —— 208 4 508 7 1 1 1 11 2 1 ?Nu»—ro—.—uuhnea?.——a»_ - ~TnumnluntanlantiurBanrons - S 1 6% 6% 6% 18 109% 108% 109 4 10s 3 3 36 36 36 308 107% 107% 107% 1 86 86 2 151 9 20% 1 10s 108 108 41 o NARANABNNE ~~NON = S Barladn - - 1t 08 00 1 s 30 00 00 H0 Wire Direst to The 3 e mow GI Clrllllt saving i-.. AddM High. Low. Olose. m-. 4 16% 16! 16% 80 + % 'NK % IZK + % % -1 15% 15% 15%+ % 59% 60 5% 5% 5% % 86 86 86 ~— 21% 21% 21% 127 127 127 98 97% 98 + ¥ b2% + % 22% — % 8% % + % 52% 22% 8% % 13% 4% 44 Wy 109% 109% 109% 9 M+ W 47 - 63 8% 50 60 21% 33 29% 82 81 21 43% Y% 22% % 164 T4% T4% ~1% 5% 76% —1% 130 130 +1 14 14 18% + % 9 F F ¥ 324 37% 3Th 374 + 39 39 39 + 101 101 101 + 30% 29% 30 39 38% 39 + 267 25% 26% + 14% 14% 148 22% 22% 22% + 103 103 108 19% 19% 19% 20 20% 20% FE TE TEFEFEF llfi‘a 116% 116! 528 523, 28% 28% 23% 234 334 41% 4y 24% 42% 15% 42% 45% 29% 80 4% ¢+)+'+ FEFEESF & B ¥ FFEPFEFRE FEF Frafr syasss - FEOF FEREFR FERF 19% 19% 19% + 84% 4% 8du % % % - % 86 —1 151 151 +1 20% ~1% 19% 19% 19% — 1 60 8% 8% 12% 12% 12% + % 5% %o 5% 17% 17% 17% + % 20% 20% 20% + % 127% 126 126 -1% 27% 27% 27% —1% 20w 20 204 — 3 6% 64 6y — i 114% 114% 114% 2T% 2T 27% —2% 29 28% 28% Prev. 1037 Hish. Low, 11% 3% Stock and Dividend Rate. 5% Fed Screw Works... 3% Fed Water 8vo A_... 33% Fed'd Dept Str(2) . 36 Fidel Phoenix 11.60. 3214 Firestone T&R (2). 4" Natl Strs t315 30% F‘lntkoto Co (1) __. 46 ice Stve b50c... 6% !'olhnabn Bros(d). 47% Food Machine (1).... 424 Foster-Wheeler____ 24% Freeport Sulph (1) 26 FullerCo2dpf.._.. 12% Gar Wood Ind aS5c. 10% Gen Am Inv(a76c)... 12% Gen Bakin ('000).. 8% Gen Brons 22 Gen Cable 39 GenCigar ('l).-_... 50 Gen Electrioc (bé0e). 386 Gen Foods (2) ... 1% Gen Gas & Elec(A). 124 117 Gen Mills pf (6) __. 70% 54% Gen Motors (b134)._. 122% 114% Gen Motors pf(5) 15% 605 19 10 Gen Outdoor Adv. 44 Gen Outdoor Adv 18% Gen Print Ink ne 110 107 Gen Prnt Ink pf(6)_ 11745 110% Gen Ry Signal pf(6) 5% 33% 20% 29% 0% b1% 6% 8% 3 Gen Realty & Util__ 22% Gen Thea Eq(b26c).. 15% Gillette 8 Ras (1) 20% Gimbel Bros e 83% Gimbel Bros pf(6) .. 41 Glidden Co (2) .. 4% Gobel (Adolf).. 5% Goebel Brew (t20c 115 110% Gold Stock Tel (6) .. 50% 8 15% 43% 41 2% 17% 90 28% 4 * 38 47% 3} Goodrich (BF) b50c_. 27% Goodyear T& R bl_. 33 Granite City Stl(1 )- 40% Grt Northern pf___. 19 Grt Northn Ore (1) 36 Grt West Sug 12.40. 12% Greyhound (t80c) .. 10% Greyhound pf (55¢). 2% Guantanamo Sug. 40 Guantanamo pf 134 Hall W F Print _ 25's Hamilton W (b65c). 43 Harb-Walker (12) . 12% Hat Corp of Am 80e. 4 Hayes Body.. 12 Hecker Prod (60c)... 31% Holly Sugar (1) 336 Homestake (112) 20% Houd-Her B (1134). 12% Houston Ofl vto____ % 62% Howe Sound (13)__. 15% Hudson Motor. e 3 Hupp Motor_______. % Hupp M rts May24.. 221 Illinois Central ... 36% Indus Rayon (3).... 131% 10744 Inland Steel (14)___ # 33w 6 13% % Inland St rts June ¢ 19 Inspiration Cop __. 4% Insur Sh Md (b10c). 67 Inter Rap Tr vtc(d) 111% 107% Interchemical pf(6) 28% MU 1114 16! Interlake Iron.__ 5 Intl Agricultural 99% Intl Harvester(2%) 162 1447 Intl Harv pf (7) 16% 18% 3% 24% 9 121% 49% 15% 361 8T 8% Intl Hydro E1 A _ 11 Intl Mining (b30c)- 554 Intl Nickel (b1)___. 161 Intl Paper (A)_____ 5% Intl Paper (C)eeeee 903 Intl Paper pf._. 42% Intl Shoe (2) 9% Intl Tel & Tel. 24% Interstat Dp St b2 % 71 Jewel Tea (t4) 155 126 Johns-Manv (13 29 23% 698, 20% 71 29% 2% 24 3% lfl'h 20 Kans City South___ 16% Kelsey-H A (al13)_. 51 Kennecott (b50c) .. 15% Keystone 8&W b30o 47% Kinney pf (a1) 231 Kresge (S 8) b60c__ 21% Kroger Groo (11.60) 18% Lambert Co (2) ... 1'¢ Lehigh Valley Coal. % Lehigh Val Coal pf_ 17 Lehigh Valley R R_. 24% 137 117% Lehman Corp (13) _. 21% 9 234 834 84% 3% 5% 6% 16% 102% 16 Lehn & Fink b62%¢c. 61% Libbey-Ow-F b756c_. 9% Libby McN & L(a1). 213% Lily Tulip (t1%)__. 59 Lima Locomotive... 6413 Loew's Ino (12) ... 2% Loft Inc 50% Lone Star Cmt b75c. 6'4 Long-Bell Lumb(A) 21% Lorillard P (11.20) - 19% Lou Gas & Elec (A). 29% Ludlum Steel (t1)_. 1514 McCrory Stores.___.. 32% McIntyre Porcu(2). 31% McKi 12% McK 44% McK 121% McLellan Strs b75¢. 42% Mack Trucks (1) _ 11% Mad Sq Garden b35e 65 Manati Sugar (d) .- 16 Manati Sug pf (). 24% Martin (Glenn). 7 Martin-Parry ... 54% Masonite (t1)_____. 10 Maytag Co (a50e)__ 70% Moelville Shoe (15)-. 11% Mensgel Co .. 58 Mesta Mach (b1 14% Miami Copper 27% Mid-Cont Pet (b50c) 36% Midld 8t Prod(t2). 96 Minn-Hon Ros (2) .. 11 Minn Moline Pow.__. 1% M St P&S 8 Marfe__ 3 MStP&SSMpf___ 25% Mission Corp (a45e¢) 6% Mo Kans & Texas _. 24% Mo Kans & Tex pf A 85 Monsanto Ch b75c__ 48 Montg Ward (12)._ % Mother Lodeal23o. 31% Motor Prod (12)___. 40 Mueller Brass (1) _ 13 Murray Corp(ab0c). 58% Myers (F E) (bl)__. 17% Nash Kelv (1) ____. 18 Natl Acme (a766) .. 25% Natl Biscuit (1.60). 25% Natl Bond & In 1.44. 961 Natl Bnd&I pf A(5). 29% Natl Cash Reg (1)._. 22 Natl Dairy Prd 1.20 6% Natl Dept Stra pf__. 27% Natl Distillers(t2). 14% Nat'l Gypsum Co_.. 381% Natl Lead (60c) 70 Natl Stesl ('2%)_.— 62 Natl S8upply Co_.... 0% Natomas (180¢).... Neisner Bros (12).. 19 New Orl T&M (4)__ 28 Newport Ind(b50c). 78% N Y Air Brake (al). 40 NYCentral . _ 25% N Y City Omnibus__ N 9% N Y Shipbuilding... 95 N Y Steam pf (8)._. 114 102 Norf& W pf (4) ... 17% 10% North Am Aviation. 34% 22% North Am Co(b30c). 2T% Northern Pacifie.._. 3% Norwalk Tire & R.. 17% Ohio Ofl (b50c) 33% Otis Elev (60¢c) 16 Otis Steel 82% Owens-I11 Glass fl) 17% Pacific Am Fish 1.20 26% Pacific Coast 1st pf. 16% Pacific Coast 24.__. 28% Pac Gas & Elec (2). 48% Pao Lighting (3) . 20% Pac West Oil(agbe). 8% Packard Mot (bl6e). 2% Panhandle P& R_ 60 Panhandle PAR pf.. 28% 17% Paramount Plo .. 26% 16% hnn;’lml vt 60e.. 4 Park 38 Parke Davis (il)... 243% Parker Rust (11%). % Parm Trans. 384 Penick & Ford (b’ )_ 7 Penn Dixie Cem: 29% Penn Rallroad (nl) 44% Peoples GasChi __. 9% Pfeiffer Brew bé0o._. Phila Rap Tr pf(d). ’hila& Read C&I_. i BB T rua e §Wm..~m..n..._ o= S5 3 =TT T Y [ 208 110% PO S LS O O o To T ST TSTOISTSISTS- T ST " & R O R S N S S ST - 0T RN T q 2 674 3t 32% 3T 33 44% 32 51 IB 22% 32% Net. Adl 00. lllh. !aw Close. chge. 6% + % 3% — K 321 &1% 3% + 4 38% — % 44y FEER FEL ES & FEE ++ A1 » {8 et FI'F FEEFE FFE FE F£F F¥ L FESFFEF FEFFE 1414+ 444444141411 FEF I4++1 1+ FPE FIEFFES b % % % 5% Prev 1937 High. Low. 84y 59% Btock and Dividend Rate. 70 Philip Morris(b3%) 2 7 49% Phillips Petrol'm t2 28% Pilisbury Flour 1.60 10% Pittsburgh Coal. 131 Pitts Screw&B b! 93% Pitts Steel pf____. 3% Pitts United . 24% Plymouth Ofl 1) 1714 Pond Creek Poo (2). 22% Poor & Co (B) _. 5% Porto R Am Tob A_. 1% Porto R Am Tob B_. 8 Postal Tel&C pf(d). 20 Pressed Stesl Car__. 66% Proctor & Gam(12). 528 40% Pub Sve N J (2.60) .. 112% 100% Pub 8voe N J pf (5).. 72% 56% Pullman Ine (1%).. 24% 17% Pure Oil . 112% 108 Pure Oil Df ®)- 23% 15% Purity Bak (60c). 18% 16 Quaker State O bd5c 12% 8% Radlo Corp. 80 66% Radiopf A (3%). 7% Radio-Keith-Or (). 2% Reis (Robt) .. 21 Rem-Rand (160¢c) .. 80% Rem-R pf ww(4%)- 9% b5 Reo MotorCar.___. 47% 27% Republioc Steel . - 112 103 Reynolds M pf5%.. 34% 22% Reynolds Spr (11)_. 58 50 Reynolds Tob B (3). 113 106'% Safeway Str pf(6) .. 113 110 Safeway Strs pf(7). 66 43% St Joseph Ld(b50c). 4% 3 St L-SanFran (d).. 11% 6% St L-San Fr pf (d) .. 51% 41% Schenley Dist(b75¢) 94 Schenley pf (5%)__. 13 Schulte R Strs (d) .. 1% Seaboard Air L (d). 5 Seaboard A L pf(d). Bears Roebuck (3)._. Servel Ino (t1)__ Sharon Steel (11.2 ) Sharon 8tl pf (5) ... 9% Sharpe & Dohme.__. 127 Shattuck F G (60c). 25% Shell Un O11 (a25c). 102 Shell Un Ofl pf 6% .. 124 Sfilver King (b25c) .. 40 Simmons Co (b50c). 42 Skelly Oil (b50c) __ 851 Sloss-Sheflield Stl . _ 27'3 Smith & Cor ctfs(1) 21'3 Snider Pkg (b1%) .. 164 Socony-Vac (b25e) . 3% South Am G & P 30c. 2214 So Cal Edison t1% . 4213 Southern Pacifio.. 24 Southern Ry. 45 Southern Ry pf____. 5% Sparks-Withing. ... 20 Spear & Co (a50c)._. 17 Sperry Corp vtc(al) 28% Spicer Mfg (a3) ... 19 Splegel, Inc (1) . 88 Spiegel cum pf(43%) 12% Stand Brands(t80c) 8 Stand Com Tobac._.. 7'4 Stand Gas & El (d) . 171 Stand G&E $4 pf(d). 41% Stand Ofl Calif(t1). 43 Stand Oil Ind (11) .. 63% Stand OIIN J (11) .. 3413 Starrett L S(11.40) . 63'% Sterling Prod 13.80_ 174 Stewart-Warn t50¢. 20% Stone & Web(a25c). 13% Studebaker Corp 67'4 Sun Oil (t1).__ 407 Superheater Co (1). 4'4 Superior Of) _ ____. 3214 Sutherland P 11.60_. 237y Swift & Co (11.20) - 15% Symington ww blOu 10% Tenn Corp (a15c)... 507 Texas Corp (2) 6% Texas Gulf Prabe.__ 3513 Texas Gulf Sul (12) 113 Tex Pac C&O b10c._ aa-—.—um—.w?a——a o 0 N oaTw S Remn 104 4% 29 4% N 608 1108 ,:‘d 00. Hllh. la_" Net , Prev,. 1037 Close. ehge. | High. Low. T4% +2 156% 53% + % | 13w 4% 40% 17% 6% 100% 111 284 +000 364 24% 3% 15% Utd Air =& I +4+ 1 +++ 11 ++1 10214 -22% 49% 4 109% 110% b51% 3 43% ! 22%, 2% 19‘- * % 42 t+001 1% Vadsco b+ 7% Va-Car 52 Va-Car 70 Vulcan A —r 13 19 11 * 6% 4% 1% 98 81 154 24, T 541 417 130% Westin, White( 4 Wilcox Wilson 3T 1017 40% 204 Yellow 31 W ta ke not mc‘umn: 13| d Companies % | x Ex dividend 19% Utd Am Bosch._. 47 Utd Corp (a20c) 38 Utd Corp pf (3) 12% United Drug (b2 18%4 Utd Dyewood (1) 5% Utd Elec Coal. .. 46% Utd Eng & Fy (V2)_ 127% Utd Gas Imp (1) ... 16 US & For'n Secur. 17% U S Freight (1) ... 137 105% U S Gypsum ($2) ... 32% U 8 Indus Alcohol.. 6% U S Leather vtc._ 13% 1J S Leather(A)vtc. 52% U 8 Pipe & Fdry(3). 10 USRealty & Imp_.. 44‘« U S Rubbe: U S Rubber 1st pf. U S Smelting (b4) .. U 8 Smelt pf (3%)_. U 8 Steel pf (7) U 8 Tobaseco (16 26 Vanadium Corp. Woolworth (2.40) . _. Worthington Pump. Wrigley W ir (13) _. 75% Ygstn S&T (b75¢) - Zenith Radfo (b1)_. Total Sales for the Day 340,000 Dividend rates as given in the above table are the annual cash | payments based on the iatect auarterly or half-yearly declarations. | nit of trading less than 100 sh exiras. aPaid last reported Stock and Dividend Rate. 10% Texas P L T (al0c). 9 Thermoid Co 4% Third Avenu 5% Thompson Stal 22 Thompson Star Df.. 16% Tide Wat As Oil 800 93 Tide Wat AODf 4% 21% Timken-Detroit(t1) 60% Timk’'n-Roll Brg(3) 13% Transamerica t40c_. 13% Trans Wst Afra26o. 8 Tri-Contl (a0c).__. 33% 20th Cent Fox b50c- 9% TwinCity R T. 3 Ulen&Co = . 76% Und-Ell Fish b13% 95 Union Carb (3.20)__ 23% Union Ofl(Calif)1.20 148% 126'% Union Pacific (6) .- 23% Utd Afrcraft(a50e). 10 PRETTTSTOIN. IO IR YT IO _N Eeni Lines a20c_. ) PrehnnSBae PO S LT CES TSI S - — 505009 s i 00 4 b O Sales Corp.... Chemical___ Chem 6% of 108 Va El& Pwof (6) . 6% Va Iron Coal&Coke_ Detin (a8)__ 314 Wabash (4) __ Waldorf Sys(t1.. 20) 4214 Walker (H) (2) Walker (H) pf (1)_ 11% Walworth Co 5% Ward Baking (B)... Warner Bros Pict__ Warner-Quinlan(d) Warren Bros (d) __ Webster Eisenlohr_. Weils Fargo- West Penn E1 p!('l). Western Maryland_. Western Md 2d pf__ Western Pacific.__. Western Pacific pf. Westn Un Tel (3)_.. gh’se A B(1) Westhse Elec (b2 Wheeling Steel S 8) Denta’ White Motor ___ White Rk M S(1. 4\)) White Sew Mch pf_. 01l & Gas & Co (50¢)_. 47y 35% 70 22 84y 35 Tr & Coach.. ares year. b in receivership or be; 10% 9% 4% 5% 23 167% 93 22 61% 13% Aud '00. High. Low. Close. :nu 11+ % M+ o . 5% - 14 23 -2 16% + % 93 22% + % 61% + % 13% + 4 13% — % 8% + W 36% + % 10% 3 80% + % 100 +1 45% +1% 23 224 14% — 14 31y — 1n * A—13 STOCKS EDGE UP ATWEEK'S CLOSE Selected Rails, Industrials Improve, but Others Drift Aimlessly. Stock Averages 30 15 15 60 Indus. Rails. Util. Stks +.2 +.1 Unc. +.2 44.7 417 66.3 446 417 66.1 457 458 700 34.0 456 60.8 495 540 753 378 414 654 435 537 7238 Net change. Today, close 89.6 Prev. day .. 89.4 Month ago . 945 Year ago_.. 818 1937 high -.101.6 1937 low ... 885 1936 high 993 1936 low 73.4 302 43.4 55.7 1932 low ... 175 8.7 239 169 1929 high __146.9 153.9 184.3 157.7 1927 low ... 516 953 618 618 (Comptled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Editor. NEW YORK, May 15.—It was fair weather for selected rails and indus- trials in today’s stock market, but other categories shifted aimlessly in a fog. Dealings, almost as listless as last Saturday when the volume was the smallest since June 6, & year ago, found favored issues up fractions to a point or so. On the other hand steels, motors and utilities were generallly unsuc- cessful in climbing out of a rut, and moderate minus marks were well dis- | tributed at the close. Most traders, only mildly cheered by constructive business news and the truce in the Jones & Laughlin and General Motors labor controver= sies, inclined to step lightly in view of | possible developments over the week end. ‘Transfers shares. Bonds were quiet but, on the whole, & trifile improved. Commodities, es- peciallly grain and cotton futures, did better. Stocks pointing higher during the greater part of proceedings—Some | fell back in the final few minutes— included Santa Fe, Southern Railway, Northern Pacific, Southern Pacific, Union Pacific, Pennsylvania, Great Northern, Celanese, Loew's Para- were around 350,000 4% + | mount, Warner Bros., Eastman Kodak, 9 47 35% +1% 70 |Otis Elevator, Union Carbide, | Products, Owens-Tllinois, | Anaconda, Texas Corp., Corn Kennecott, Barnsdall, 22 4+ 8 | American Can, American Steel Found= 24 35 7 Annual rat Paid ing this year, reorganized. NEW YORK COTTON By the Associated Press. NEW YORK, May 15.—Cotton fu- tures opened very steady, 8 to 12 higher on foreign buying and week end covering with offers small. July, 12.77; October, 12.58; December, 12.56; January, 12.56; March, 12.60. With the English and continental markets closed, trading tapered off to small proportions after the opening call. With offerings restricted the market displayed a steady undertone. Shortly after the first half hour prices sold at net gains of 14 to 15 points with October advancing from 12.57 to 12.63. Part of the buying was credited to a belief the decline had gone far enough and a technical rally was due. Texas advices reported heavier boll { equal to 29 cents a common share, weevil emergence. Cotton plantings in that State was said to have made fair progress in the past week and with ample moisture in the North- west planting was expected to get into full swing next week. Requests for release of but 70 bales of loan cotton stocks reported by the Commodity Credit Corp. during the pest week was said to be causing the agency to consider changes in re- lease terms or suspension of the dis- posal program. Light scattered show- ers were reported along the Atlantic Coast. Futures closed steady. § to 14 higher. & Spot. stead: mlddllnn 1556, Cottonseed Oil Bleachable cottonseed oil futures closed steady, 3 to 5 higher. Sales, 174 contracts, including 12 switches. May, 9.70-9.72; July, 9.84b; September, 9.91-9.94; October, 9.84b; December, 9.74b. b—Bid. ——— DIVIDENDS ANNOUNCED NEW YORK. May 15.—Dividends fe clared {prepared by the Standard tistics Corp.) Extra. Pe- Rate. riod. Masonite Corp_ 50¢ Natl Standard _ Rer Cen I L 4147% pf $1 Chestnut Hill RR Compo Shoe Mach vtc_25c Finance Co of Am A Do B 3 ODO POOPLOOLOO MuBee Wat. Wk 8% o National Oats Co ©Ohio Edi $7.20 pf_ i Blvnnnnh Gl! 7% pt 4 South Bh Ulll Ass0 6 24 united ’(‘el Co (Kan 7% West’ Ooa:t. ute Insur Ban = % El O> O O POOOLOO Mission Corp Natl Standard Belected Amer Shi Prank G Shattuck. U. S. TREASURY POSITION. By the Associated Press. e May 13: gl 2ouon 3 i Treesur Mag, 10 §IB 5Bt 070 s baiance. 747,083, 04 cultoml rec!lnll “for "the month. 20 m.i? 2:10 11769,00: expenditures, 36.- é g 28, 3‘ lncluding Sades 1oL rgenc: 355,08, mersensy, expenditares, exceds dent, $35,000.361,300.05, an fhcrease o 755" e er 11,885,667, ing 384 %50.810 1% o Cinactive sold: U. 8. TREASURY NOTES. (Reported by Chas. D, Barney & Oo) Bate “Maturity, for “the fiscal year (since July i, FRRAT AT N ar; 55555555555 3 S553S5S5ES 2) A-U 05555! 23333 2383 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, May 15.—The follow- ing is today's summary of corporation | news, prepared by Standard Statistics | Co,, Inc., New York: Newport Industries, quarter common share earnings were 79 cents, against 13 cents. Continental-Diamond Fibre Co.— March quarter common share earn- | ings were 40 cents, against 10 cents. Peerless Corp.—Net income, six months ended March 31, was $224,165, against deficit of $13,352. Ward Baking Corp.—Declared a | dividend of $1 on account of accumu- lated dividends on the 7 per cent pre- ferred stock, payable July 1. On April 1, 1937, a disbursement of $1.75 a share was made on the preferred. Giving effect on current dividend, ar- rears aggregated $19 a share as of July 1, 1937. profit margins have reduced earnings for current year to date. Hercules Motors Corp. — March quarter common share earnings were 57 cents, against 36 cents. International Harvester Co.—Presi- dent said billings in first fiscal half were 30 per cent greater than in the like period of the preceding fiscal year. He stated further that the outlook for company’'s truck business is very encouraging, with further expansion indicated. National Pumps Corp. — March quarter common share earnings before Federal taxes were 48 cents, against 18 cents. Reed Roller Bit Co.—March quarter common share earnings before Fed- eral taxes were 65 cents, against -69 ocents. Hecla Mining Co.—March quarter common share earnings, including $196,535 income tax credit, were 52 cents, against 18 cents, before Federal taxes, in like 1936 period. Greyhound Corp.—March quarter common share earnings were 11 cents, against 6 cents. Pacific Can Co.—March quarter deficit was $51,569, against deficit of $17,224. Sterling Products, Inc.—Company acquired at cost of about $7,300,000 all of the assets, properties, trade marks, business, etc., of the American Fer- ment Co., Drew Pharmacal Co. and the Cellasin Co, all of Buffalo. Of the purchase price, 25 per cent was payable in cash and the remaining amount within three years. United States Freight Co.—March quarter deficit was $89,108, against net income of $88,212. Wilcox, H. F., Oil & Gas Co.—March quarter common share earnings were 10 cents, against 8 cents. Alton R. R.—Deficit, four months ended April 3Q, was $70,984, against deficit of $561,452. Pennsylvania R. R.—President said earnings surplus of company in first four months was around $7,000,000. Atlantic, Gulf & West Indies Steam- ship Lines—March quarter common share earnings were $1.93, against $1.70. McKeesport Tin Plate Co—Presi- dent stated that both the tin plate division and can division are operating at capacity and that tin plate is sold well ahead with every indication that it will be necessary to continue capac- ity operaiions. Earnings of the com- bined companies for the period Janu- ary 1, 1937, to March 16, 1937, showed & substantial increase over same 1938 period, he said. Holly Sugar Corp.—Common share earnings, year ended March 31, were $5.42, against $5.02. A. P. W. Paper Co., Inc.—Deficit nine months ended March 31 was $2,788, against deficit of $45,345. Consolidated Edison Co. of New York, Inc.—Compeny acquired 80,498 additional shares of New York Steam common stock mgm 16 to May 10. Inc.—March | It was stated smaller | INVESTING COMPANIES NEW YORK. May 15 8ecurity Dealers’ | Admin Fd “nd Tnc | Am" Business Shrs .. | Am Gen Eq Inc | Am Tns Stocks - { Bancamer Blair Bankers Nat Inv Basic Industry | Broad 'St_Inv | Bullock * Pund | Corporate” Trust Sorvorate Trust AA Sorn Tr (‘umulnu\e by 4 Sl\ Denos Bk Sh Depos Ins Shb | Denos Ins Shrs “B’ Diversified Tr C Dividend shrs | Equity Corp $3 pt Fidelity Fund Inc B Found 1 Sn A | Pund Investors Inc Fund Tr Shrs Fund Tr ‘Shre °B Gen Investors Tr Group Sec Agriculture Group "Sec ~ Automobile Group Sec Building Group Sec_Chemical Pood Group Sec Groun Sec Invest Shrs Groun Sec Merchandie Group Sec Mining ® Group Sec ngo!gm = roun Sec u; Group ‘Sec Steel > Group Sec Tobacco Huron Holding Incorp Inyestors nstl 8ec Bank Grouj Instl “Sec Insumncep Investors Fd g 1 | Keystone Cust Fu " Major ShrsCorp. B Maryland hrs Siocks. BY ‘stoct Y Stocks. ke Stocks. Elec Equip Tnsurance M T Sho 1038 Plymouth Pund Inc Quarterly Tncome sh Selected Am Sh_In Spencer, Trask Pund - Stand Am Tr per of Am Tr Supervised Shrs Trustee Stand Inv C Trustge Stand Inv Trusteed Am B Tristeed Industry surs Wellington ~ Fund y 15 Management Automobile NEW YORK. Ma Secumy Dealers’ Association (#) —New York Assoctation Bldg Supply _ (). i - e OO Do DB on Asked. 18.00 Sioss P D ErteyriTies NEW YORK BANK STOCKS | —New York | . 225523 © 3 SRSRZTHT BT ] 8 D oion D ncn o wEIRERIINTER! +1% £ E3 e o ries, Republic Steel, Youngstown Sheet & Tube, Montgomery Ward, Caterpillar Tractor and American Water Works. Homestake Mining ad- | vanced sharply. In a restricted area to down more than a point were U. 8. Steel, Bethe lehem, Inland Steel, General Motors, Chrysler, Goodyear, Goodrich, Wools worth, Sears Roebuck, Douglas Afr« craft, Deere, American Tobaccc |“B,” Reynolds Tobacco “B,” Allied | Chemical, Standard Oil of New Jersey, American Telephone, Western Union, Consolidated Edison, Electric Power & Light, American Smelting and Cerrc de Pasco. INSURANCE STOCKS NEW YORK. May 15 (®.—New York Asked. Security Dealers' Association Bid a4 Aetna Cas (2a) Aetna Ins (160 Aetna Life (.80a) Am Equit (160a) Am Reins (40g) Am Reserve (1a) Am Surety (212) | Automobile Contin Cas (1.20) | Fid & Dep (4) | Frank PFire (la) _ | Gen Reinsur (2 | Glen Falls (1.6 | Globe & Rep (.80) Globe & Rut Great Amer (1a) Hanover (1.60) Hartford Fire (2) | Home Fire Sec | Home Ins (la) | Homestead (1) __ Knickerbocker (.80) Lincoln Fire SeE Maryland Cas "\l:ns Bond (3'3) Natl Pire (2 | Natl Liberty N Hampshire (1 lrn) |N Y Pire (80a) _ | Nor R.\er (1) Revere (P) In (1.30)°___ Rossia Ins (.60a) = St Paul Fire (8) Springfield (412a) Sun Life (3%3) Trayelers (16) = Fire (2) Westchester (1.20a) A—Also extra or extri c—Declnred or paid 50 1ar this year. FEDERAL LAND BANKS NEW YORK, May 15 ().—Federal Land Bank bonds Bid Aske 4148 Nov., i 0’45 May, 102 1031 FOREIGN EXCHAN GES. NEW YORK. May 15 (P —Foreign exe change steady: Great Britain in dollars, others in cents. ~Great Britain. demand, | 4043 cables. 4943, 60-day bills, 4.0314 France. demand, 4 483 4487 Italy. demand. 3 . 5,26V, Demands—Belgium. 5! “Germany, e, 40.16: “19.60: ‘travel olland. 54.94; o H Norway, 24 Sweden. 25.48: Denmark. 22.07: Finland, 2.19; Switzerland. Spain, 'unquoted Bortizal, 4.50; Gmce ‘91 Polan ;' "Yugoslavi Hunnr!. 19.80 iy 64n: Brazil &R0VAR} i, 39.93;, Hongkong, Montreal in N New (York in” Mon« treal, 99.821 minal. RUBBER FUTURES. NEW YORK, May 15 (#).—Crude rubbey futures closed’ irregular, unchanged to 4 lower, sales. No. 1 standard 47 contractsi July, B1.00: Sepiember. 211 20.88 Insurance You'll find many advantages in let- ting our Property Management De- partment manage your apartment house and residential properties. ‘The fee for the service is very rea- sonable. SAUL CO. REAL ESTATE Facing McPherson Square National 2100