Evening Star Newspaper, May 17, 1937, Page 21

FINANCIAL. 1.5 BONDS MOVE TOHIGHERLEVELS Most Prime Corporates Re- main Narrow—Some Losses Appear. Bond Averages 20 10 10 10 Ralls. Indust. Util Fen. Net change. —.1 Unc. -+.1 Unc. Today noon. 82.9103.0 98.4 171.0 Prev. day-.. 93.0103.0 983 71.0 Month ago-- 94.4102.8 99.7 71.6 Year ago. 91.9102.4101.3 68.7 1937 high .. 99.0104.4 102.8 74.7 1937 low ... 92.6102.4 98.3 70.5 1936 high .. 98.2104.4103.1 173.0 1936 low 86.9101.8 99.3 67.6 1932 low 458 400 646 422 1928 high ..101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon _..108.9 Prev. day-110.0 Month ago 108.7 Year ago. 111.6 1837 high_ 113.7 1937 low.. 108.4 1836 high. 1135 1936 low.. 110.2 1928 high. 104.4 1932 low.. 86.8 (Comptled by the Associated Press.) By the Associated Press. NEW YORK, May 17.—Most top- | grade corporate bonds held in a nar- row range in late trading today while the Federal Government list moved generally higher. The upturn in Government issues brought gains ranging as high as| ten-thirty-seconds at one time. With the stock market in the dol- drums, bond traders also were in- clined to rest on their oars. Several issues were off a point or so, including American Water Works 6s, Chesa- peake Corp. 55 and Illinois Central 34s. But losses were offset by ad- vances of fractions to about a point in such as Bethlehem Steel 3%s, Great Northern 45, New York Central 85, Southern Pacific 4!is. Western Union 55 and International Tele- phone 5s. Some German loans extended pre- vious gains a little, including the gov- ernment 5)2s and 7s. St. Josepil Lead Declares Extra of 50 Cents a Share| B5 the Associated Press. NEW YORK, May 17.—Directors of | Bt. Joseph Lead Co. today declared an extra dividend of 50 cents and a dis- bursement of 50 cents, both payabie June 21 to stockholders of record June | | Ger CBk A 6s 10. They also declared a dividend of 50 cents, payable September 20 to stock of record September 9. Three months ago a payment of £0 cents was ordered, while six months ago an extra of 25 cents was declared in addition to a regular quarterly payment of 25 cents. The company’s principal properties are in Southeastern Missouri. INVESTING COMPANIES o iNaou ‘quotations.) Admin Pd 2nd inc Am Business Shrs Am Gen Eg Inc m Ins Btocks- ancame: Blair ankers Nat Inv Corp - Basic_Industry ~ o Sec Agriculture Bec Automobile c _Food Sec Invest Shrs _ 8ec Merchandise Huro ncorp. Investors _ i %:mpsec ank Group - _ stl Sec: Betreace Machinery R R Equip Steel to k‘ Stocks ¥ Stocks 1 = Nor Am % 8h 1628 - Plymouth Fund Inc upervised Sh: BUBeTee Stand Tnv 077 stee Stand Inv D usteed Am ©k B ypteed Industcy shn o) ington Pund CHICAGO PRODUCE. CHICAGO. May 17 (0. Poultry. live. 2 nder o pounds. bareback Spring White Ro sters. 12: Fegh Dens, 16 toms hite and Tounds W~ small. 2,713 stead score - 16: creamery spe- T o1 ;fair quslity. whites unal.nm d. g? ies llbfl"l ‘demand (llr s Triveplis, Tout siang, —_—— MONEY MARKET. YORK. May 17 (®.—Call money 1 per cent all day: prime com- cent: time loans ead: 4 to 6 mont 115 ver cent: ch-nnr .10 day: X onths. b [ fehiopint rate, New York Reserve !-n 135 per cent. PHILADELPHIA PRODUCE PHICADELPHIA Pa. May 17 5. Fowle: . Sprine ohickt i ney Plvmoulh Rock, 21-26; cross breds. anc: hP"“m buultry—nwln fresh killed, in \ | Ger Go P —New York | BONDS ON By private wire direct to The Star. Approximate Transactions Today. USGov't Bonds__., 300,000 Foreign Bonds 700,000 Domestic Bonds 4,220,000 TREASURY. All time shown below Is davlight on' which (he Exchance s now operating: Low. Close. 2158 1942-53_. E 97.18 97.20 -2‘" 81945-47_, 102.12 102.10 102.12 238 1948-51____. 100.15 100.12 100.15 99.21 99.20 99.20 99.19 99.15 99.19 100.19 100.17 100.19 103.29 103.25 108.29 102.15 302.14 102.14 104.15 104.12 104.12 106.10 106.10 106.10 106.2 105.31 106.2 105.22 105.21 105.22 106.17 106.15 106.15 109.11 109.11 109 11 45 1944-54 111. 110.27 111. 41,8-31(8'43-45_ 106. 106. 106. 4%431947-52 ___ 1159 1158 115.8 FEDERAL FARM MORTGAGE. 331949 1022 102 1022 33431964 102.24 102.24 102.24 HOME OWNERS' LOAN. 23,8 1042-44_ 99.15 99.15 99.15 2%s1939-49____ 100.4 100. 100.3 3s1952__ 101.25 101.21 101.24 FOREIGN BONDS. High. Low. Abitibl Pa&Pw 55'53. 100 100 '57._ 124 124 Argentine 415s 71 981 98Y, Argentine 5% 100% 100% Argentine 65 1011 10114 Argentine s 100 100 Argentine 6s 100 100 Argentine s 1011 10145 Argentine 6s 101% 101% Argentine 65’61 Febr 100% 100% Argentine 6561 May 102 Australia 4145 '56 101 Australia 53 1067y Australia 5 106% Belgium 6s 108' Belgium 613540 _ 109 Bergen Cit 993 Berlin El Ry 6 2% .! 1955-60._, 351946-4 351951-55 3148 1946-49_ 81,8 1941 = 31,51944-46 _ 33%81940-43June Close. 100 121 98'% 100% 101 100 100 10113 10114 '59 June ‘59 Oct '60 Sept. 106 108y Bris Brisbane Beu A 41-43%s'77 P\ Buenos A 47576 Aug. Buenos A4ly8-4 3875 Buenos A C 6s’61 Pv Buenos A 6s'61 st Pv Bulgaria s ' Candaa 3%s'61. Canada 4s ‘60 Chile 65’60 __ Chile 6861 Jan_ Chile 6861 Sept Chile 65762 Chile 6862 (‘Ol Mtg Bk 7546 & Copenhagen 41258 '53_ Costa Rica 7s LA \llu\l‘v‘\'i'l = Cuba 515545 Czechoslovakla 8s Denmark 4128 | Denmark 518 Denmark 6s'42 Dominic Ger C Bk A 65'60 Oct. 51 65 st Ger Gov 515’65 un st Ger Prv & City Bank con Ag 612558 __ Ger Rep 7549 stpd_ Good HS & 1 7s'45__ Haiti 68’52 Helsingfors 6123 'l 50 Hungary 7138 '44_ Italy 7s '51 Ital PL Crd s .12 Notw. Norway 6s'44 { Norw Hy E15%;8°57_ | Oslo 4128755 Paulista Ry 7s 42 Peru 6360 Peru 6561 Peru 7s'59__ Rhine Rhur 6s Rhine W E1 P Riode Jan 6% Rio de Jan 8546 Rio Gr do Sul 65 '68__ Rio Gr do Sul 7s'66 Rome 6125 '52 Roumania 7859 Sao Paulo St 65’68 * | Sao Paulo St 75 '56_ Sao Paulo St 8s'36 Sao Paulo St 8s "50._. Serbs 7862 a Prov 7s '58 | Sydney 57,855 Tokio 5125 '61 Tokio E L Ltd 6s Tyrol Hy Uruguay 65’60 Uruguay 8s'46_ DOMESTIC BONDS. Adams Express 4s'47 10012 100} Adams Express 4548 1001; 1001} Alleg Corp 58 '44._ 984, Alleg Corp 58 49 9015 Alleg Corp 5550 stp_ 61 Allied Stores 4128 o 9914 Allied Stores 4125 Am & For Pw 55 zo:o Am Ice cv 55’58 Am 1 GChot%s 49 Am Intl 515549 Am T & T 3%s 61 AmT & T 3%s'66 AmT & T 4148'39 AmT & T 5%8'43 Am Wat Wks 6s'75 Anaconda deb 4155 '50 Armour & Co 4155 '39 Armour(Del)1st 43'55 Armour (Del) 4s'57_. A T&S Fe gen 45’95 AT&S Fe 41,548 _ AT&SFe CA 4%8'62 Atla& Ch A L5s'44 . Atl Coast L 18t 45°52 Atl Coast L clt 45'52_ AtIC L un 4%8'64 Atl Coast Line 55’45 Atlantic & D 1st48'48_ AtIG & W 1st 68759 __ Baldwin Lo 5s'40 asst B&O0O 4158’60 _ B & O 1st 55'48_ & Oref bs & O 58’96 F . & O ref 582000 D B & Oref 65’95 B & O PLE&W Vi4s'41 B & O Swn 5850 Bell T of Pa 58 "48 B Bell Tel of Pa 55’60 C Beth Steel 3% 5’66 Beth Steel 4145 60.. Bos & Me 4 ‘5'611 Bos & Me 5555 _ Bos & Me 58’67 BotCon M 615834 Bot Con M 6755’34 ct Bklyn Ed con 3% s'66 Bklyn Man T 435’66 BklynUn E15s8°50 __ Bklyn Un Gas 68 '45_. Bklyn Un Gas 58 '50 Bklyn Un G 68’57 B Bklyn Un G ref 6s°47. Buff R&P con 4148'67. Bush Term con 68 '66. Bush Ter Bldg 5860 Camag 78’42 ctfs. Can'dian NR 4%s°'51. Can'dian NR 4%s '56_ Can’dian P db 4s perp Can’dian Pac 4%8°46 Can’dian Pac 415 '60 Can’dian Pac 58 '54 Car& Gen 58’50 ww_. Central Fdry cv 58’41 Cent of Ga 1st 58’45 _ Cent of Ga con 6s "45._ Centof Ga5s'59C.__ Cent of Ga rf 5148’59 Cent Ill E & G 58 '51 Cent of N J gen 58°'87 Cent Pac 1strf 4s5°49_ Cent Pac 5560 Cert'd deb 5145’48 Champ P&F 4% 8’50 Chesap C cv 68’44 Ches & O 314896 Ches &0 3%s'98 E C&Oconb5s'39 Chi & Altref 3s'49__. B B B 1031% 118 12313 95% 1058 105% 105% . 112% 111 111 96% 90’% 96% 107% 107% 107% 56 55 55 Chi B&Q gen 4s'68___ Chi B&Q 4%8 77 109% 109% 109% . 109% 109 109 el « | Mont Pwr 33’68 THE EVENING STAR, WASHINGTO N. Y. STOCK EXCHANGE Chi B&QI div 3% '49 Chi B&QI div 48’49 Chi & E 11l 58°51. Chi & E 111 bs ‘51 ctfs. Chi Grt West 48°'59 CM&StP gn 318’89 B. CM&StPEs'76 CM&StP&P adj5s2000 Chi & NW gen 4s8'87_. Chi & NW 4148 2037 2037 ChiR I&Prf 48 '34 . Chi R I&P rf 4a'34ctf. Chi R I&P gen 45’88 _ ChiR I&P 4248’60 _ Chi T H&S 1st 58 '60_ Chi Un Sta 3348’51 Chi Un Sta 4563 Chi & W In con 4s'62. Chi& W Ind 43 s'62_ Childs & Co 5843 Cin Un Term 58’5 CCC&St L gen 48°93 CCC&StLrf4%s'77E CCC&St Lrf 58 63 D CCC&StL StL dv4s'90 ClevEl Il 3%8'65 ._ Clev Un Ter 4%8°77_. Clev Un Ter 68'73 B Clev Un Ter 6% 8'72A Colo & So 4% '80 Columbia G & E deb 58°52 April.. . Columbia G & E 68 ‘52 May. . - Columbia G&E 5s'61_ Colum Ry P&L 48 '65 Conn R Pw3%s'61 A Cons Coal Del 58 '60 Cons EA NY 3%s'46n Cons Ed NY 3;8'56 n Cons Gas NY 4%s ‘51 Consol Oil 313851 Consum P un 314865 nsum Pwr 3135 °70. Container Crown C & S Cuba RR 1st 5552 __ Cuba Northn 515 '42 Del & Yiud ref 4543 __ Del P& L 412869 ___ Den G & K Den & R G con 15 36 Den & RGW b8’55asst Det Edison 3128 '66 Det Edison 41,5 '61 D Dul SS & At 5837 Duquesne Lt 3%s Flec Auto Lite 45’52 ElPaso NG 4%s8'51_ ElginJ & E 58’41 _ Eriecv 4s'53 A Erie cv 48/53 B Eriecons 45’96 Erie gen 45 °96 Erie ref 58 67 Erie ref 68" Fairbks \lor!e 4s SG Fed Lt&Tr 6s '42 FlaECRy 58’74 Gen Am Inv 58°'52 __ Gen Mot Acc 3845 Gen Mot Acc 3% s 51 Gen Stl Cast 5% 65 Goodrich 6545 Goodyear T&R bs ‘57 Goth Silk H 5846 ww. | Grt Nr Ry 8% s'67 Great N Ry 45'46 G __ 4| GItN Ry 4s 46 H Gulf M& N 55 50 | Gulf Sta Stl 433561 Gulf States Util 48'66 Hoe (R) 1st mtg 44 | Houston 01l 5155 *40_ Hudson Coal 58 Hud & Man inc 58 '57_ Hud & Man ref 55 '57_ 111 Bell Tel 315870 __ 111 Cent col tr 4s'52__ I11 Cent ref 45'55 111 Cent 4% '66 111 Cent Lou 3%s '53 ICC&St L N O 43;5'63 ICC&St LN O 5863 I11 Steel deb 4158 °40_. { Ind & Louisv 4s { Ind'polis U R 58 Inland St13%8'61 _ IntR T 18t rf 65°66_. IntR T 65°32 4 | Interlake Iron 4847 Int Gre > s 56 B | Int Grt Nr adj 68'52 A Int Hydro Elec 65’44 ;| Int Mer Marine 65 '41 Int Pap 1st 5547 A Int Ry of CA 55" Int T&T v 4148 '39 | Int T&T 45552 | Int T&T 55755 & Towa C 1st&r? 48 '51_. JamesF & C 4s'39 __ Jones&L Stl 43, 8'61A Kans C So 1st 35 '50 Kans City So ref 58’50 Kans C Ter 1st 4860 Kans G&E 415880 | Kings C L 1st 6158 '54 sge Found 315847 Kresge Found 48 45 | Laclede G 5135753 C .. Laclede G 5148 '60 D Lautaro Nit 19 > Lautaro tr 6s'54cfs Leh C&N 43554 C Leh V NY 41840 gtd Leh V P con'4s 2003 Leh V P con 48 2003 Leh V RR con 58 2003 Ligg & Myers 7s '44_ Long Isl ref 4s'49 Long Isl unif 4s " La & Ark 5s 69 L & Nash 3%s 2003_ L &N 1st 452003 L &N 4%8 2003 C_ McKess&Rob 514850 Manati Sug 7%8'42 _ Manati S 716542 stp_ Me C RR gn 4%8'60 A Manhat Ry 4590 Mead Co 65°45 __ Met Ed 1st rf 43568 Mich Cent 348’52 Mil EI R&L 58 ‘61 - 1 El R&S L rf 58'71 MStP&SSM cn 4s '38 StP&SSM 55’38 gtd MoK & T 1st 48’90 __. MoK&T58'62A Mo K & T adj 5567 Mo Pac 45 '75 Mo Pac 5877 F Mo Pac 5877 F ctfs Mo Pac 58’81 Mo Pac 51,849 A Mob & Ohlo 55'38 _ Mohawk & M 4891 __ Monong Pub S 4%5'60 Monong Pub S 6565 Mont Cent 6s'37 Morris & Es 3158 2000 Morris&Essex 41 8'55 Morris&Essex 55’55 Natl Dairy 3% s’51ww NatlDis P C 4348 '45 . Natl Steel 4865 New E T&T 43,8'61_ New Jer P&L 41.8'60 'wOrl PS5s'52 A w Or Ter 1st 48’53 w Orl T&M 55’61 B ew Orl T&M 51538'54 N NOT&M 5%s'54A cfs NY Central 3‘&! s (2 NY Central 3%s'46_ NY Cent 4842 - 'Y Cent con 4s'98 _ NY Centrf 4345 2013_ NYCrf4%s2013n__ NY Cent rf 55 2018 NY Cent cv 6844 _ NYCLSh3%s'98___ NYC Mich C 3%s'98_. NYChi & St L 4s’46_. NY Dock 5s°'38 NY Edison 3% NY Edisref 33,s°66._ NY G E1 H&P 4s8'49 __ NYGEl H&P 6s'48 __ NYNH&H 4%8°'67 NYNH&Hecltr NYNH&Hcv \‘1 Putnam 45°93 NY Steam 65’56 NY Tel gen 4148 '39._. NY Tr Rk 6s 46 stp__ NY W&B 4%s'46 Niag Falls P 3148 '66.. Norf So 1st ref 55’61 North Am Co 5861 North Am Ed 65°69 C Nor'n Pac gen 3s 2047 Nor'n Pac gn3s2047rg Nor'nPac 48’97 ____. Nor'n Pac 55 2047 D__ . 104 High. Low. Close. 10614 106% 1064 109% 109% 109% 381 38 884 368, 36% 43% 43% 5244 5244 109% 109% 63 63 103% 103% 103% 103% 100% 100% 105 106% 10415 105 69% 694 105% 105% 103% 103% 107% 1073 101 101 102% 102% 10115 10213 103% 103% 104% 104% 4Ty 4T 4815 48'9 90 90 104% 104% 107% 107% 2614 261 15% 16% 103% 103% 112% 55% 103% 108% 10215 110% 103% 101% 105% 103% 1074 101% 102% 10115 105% 47% 48'y 90% 10415 107% 2614 16% 103% 112% 5oy 104 10814 1024 110% 8214 102% 110% B2y 83 X 103% 104% - 105% 117% 106% 967% 91% 517% 101% 101'/6 106 106 96% 9674 87% 88 88 88 96% 97 1041 104% 80% 90% 89 89 103% 103% 86 86% 100 100% 113% 113% 122 122 42 42 60% 60% 441 44% 16% 16% | e 26 25 84 84 107% 107% 107% 107% 1% 91% 13% 14 102% 102% 29% 29% 104 103% 104 103% 103% 103% 3% 2% T2% n 71 1041% 104 104 103 168 103 . "\ High. Low. Close. 111% 1113% 111% 105% 104% 106% Nor'n Pac 68 2047__.. Ohio Edison 4s°'65___ Ohio Pub 8ve 73846 112% 1121 112% Ont Trans 1st 5s'45__ 110% 110% 110% . 109% 109% 109% 117% 117% 117% 105% 105% 105% 887 88% 88l 9T% 97% 974 102 102 102 106% 106% 105% 99% 99% 99% 101 101 101 100% 100% 100% 456 44% 45 65 65 102 101% 100% 99% 101% 101 1 Otis Steel 415862 PacGas & El !1/.! 66, Pac Mo 1st 48 'l! Pac T&Trf3%s'66 B Paramount Pic 6s '55. 65 101% 99, 101 109 9814 1065 1064 109% 101% 116 112% 17% 101 Penn Dixie C 6s°41.. PennP&L 4%8'81._ Penn RR3KBwWi_ Penn RR3%8'70C.. Penn RR 4%s8'81D._ Penn RR 4% 8’84 __ Penn RR gn 415865 _. Penn RR deb 4148 '70. Penn RR gen 5868 People GL&C rf 58’47 People G L&C 68 '43 Pere Marq 1st 58’66 Phila Co 68'67 . __ Phila& R C&I68'73.. Phila &R C&I 68°49_. 12% Philippine Ry 48'37_. 27% Pillsbury F M 6s8°43_. 108 Pitts&W Va 4345’60 C 894 Port Gen El 41,8'60_. 59% Porto Rico A T 6s'42. 78% Postal Tel & C5s°'53.. 25% Pressed Stl Car 58°51. 93% Pure Oil 4% 8’50 ww. 111% Purity Baking 55'48. 97 Reading Jer C 4s'51 97% Reading R 4128°97 A_ 107 Reading R 4325 '97 B. 106%5 Rem-Rand 4% s'56ww Republic Stl 4328 '50._ Republic Stl 4148 °56. Republic Stl 41%s'61. Republic Stl 5325 '64 _ Richfield O 6s '44 cifs Rio G Wecol 48’49 A _. Roch G&E 58’62 E R1A&L 18t 41%8°'34 Rutland Can 4349 __ StL-SFran4s'50 A __ St L-S F 48’50 A ctfs. St L-S Fran 4138’78 St L-S F 41;8'78 cf s St L-S Fran 5850 B St LS F 55’50 B ctf: StLS W 1st 45°89 StPKCSL4%s'41_ StP M&M P ext 4s°40 San A & A Pass 48’43 San An P Svc 65'52 A, Seabd A L ref 45’59 __ Seabd AL 68’45 A _ Seahd A L 6845 ctfs_ Seabd A-F168'35 A ct Silesian Am 78’41 __. Socony Vav 3138'50 _ Southn Cal Gas 4s ‘!5 Southn Cal G 4138 So Colo Pwr 6s '47 A. South Nat G 4148'51_ So Pac 338’46 So Pac col 45 49 So Pac ref 48'55 So Pac 4143568 So Pac 413869 106% 106'% 1061 106% 109% 109% 101% 101% 116% 116 112% 1127% 117% 117% 101 100% 998, 28% ( llflh 9T 97 ‘107 2 1064 1073 153% 97 96% | So Pac 41;s ‘81 So Pac Oreg 433 So Pac SF Ter 4s'50. So Ry gen 48°56 A So Ry 68'94 __ So Ry gen 6s'56 So Ry 613856 Southw’'n G&E 4s'60_ Spokarne Int §s’ Staley A E 4546 Stand Oil N J 3561 Studebaker cv 6s " Swift & Co 33,550, Symgn G&G 56 xw Tenn El Pw 6847 Texarkana 5128 Texas Corp 3138’51 Texas & Pac 58°77 B_ ‘Texas & Pac 58'80 D_ ‘Tex & Pac 1st 58 2000. Third Av ref 48 '60 Third A ad in ex 55’66 Tide Wat Oil 3148'52_ UnEIL&P58'37 __ UnEIL&P5%s'54 Tn Oil of Cal 3% 2 Union Pac 3%8'71 _ Un Pac 1st rf 45 2008. TUnited Biscuit 58 '50_ United Drug 6s'53_ U 8 Rubber 5s *47 Utah P & L 55 "44 _ UtlP &L 58°59 TtilP& L 5%8'47_ Vanadium cv 55 °41__. Ver Sug 1st 7s'42 ctfs VaE&P1strf 4s’55. VaRy1st3%s'66 A_. Va S Wcon3s'58 Wabash 415878 Wabash 1st 5539 ‘Wabash 5s'76 B ‘Wabash 515875 Walker H&S 448 RTR Walworth 4855 _ Warner Bros cv 6s ‘39 Warner-Quin 6s’39 Warren Brev 6s'41__ W Pa Pw 1st 52’63 E_ W Sh 1st 43 2061 gtd_ West'n Md 1st 4s°52_ Westn Md 5158°77 Westn NY&P gn 48'43 Westn Un cl tr 5s'38_ Westn Un 5s'51_ _ West'n Un 4%s°50___ West'n Un 5s°60._ - Wh&LEconds’49__ Wheel Steel 4745°53_. White Sew M 65’40 W Sp Stl con 75’35 ct Wilkes B&E 1st 58’42 Wilson & Co 48°55_ . _ Wis Cent 1st gn 4549 ‘Wis CS&D1' 4836 cfs. Y’ngstn S&T 45”6 998, 24 17 101% INSURANCE STOCKS NEW YORK, Security ‘Dealers AssociatisgNe¥ York Bid Aetna Cas (2a)_ Amer (. Garolina (e m» ity of N ut Great Amer (13) Hanover (1.60) Hartford Fire ( a—Also extra or extra §—Declared or baid 8 far this year. NEW YORK PRODUCE. NEW YORK. May 17 UP—Texs, 41,113, {rresular. Mix Bpecial pack: storage pac] 23 A -22: mediums -nd 0: average ehsck.! tier, Ciab77 sty 5y, histier hun extra, '3 Score). ({.' secon k¢ 4- Oeréhumud (90 _scor cese, 114,021, st tate, whole ‘milk irdihe Tancy” 1854 held, ancy 1936, 23 1trL T oirelent, wesk, Fowl, gh oosters, 13; turk?l unquoted. chlckem Shd ht: (not _une ored. 20; turkeu 10-11; Dressed poultry irregular. Fresh: Ehick- (poxea), - 22! brojlert 4% frye 5 In. 36-4% pounds, T4%- 10745 pounds. 16%3-21: 60-65 1% Old roosters. 1 Northwestern. Western, ginian), 14-22. 161 keys and Froz 18%-21%- 606l costers. 15 North: Iy and "‘Bculfi"eltem {" ( 17-27. Biicks 17. e Chile Copper Oo—March quarter common share earnirgs before deple- tion were $1.05. 74 | commercial | Pk 4 ity and condition N, D. C, MOND WILLARD URGES FREIGHT BOOSTS Hopes 1. C. C. Will Approve Increases to Meet High- er Expenses. By the Associated Press. NEW YORK, May 17.—Reasons which justified the emergency rail- road freight charges are continuing with “added emphasis” because of increased material costs, said Daniel ‘Willard, president of the Baltimore & Ohio Railroad system in the prelime inary annual report for 1936, issued today. As a substitute for the charges, which expired at the end of last year, Willard expressed hopes the Interstate Commerce Commission would give “sympathetic consideration” to the petition for increases and adjustments of freight rates filed by the carriers some months ago. Baltimore & Ohio's 1936 net income amounted to $4,538,975, equal, after allowing for dividend requirements on the preferred stock, to 85 cents a share on common stock. In the previous year the road had a deficit of $3,180,- 908. Total railway operating revenues were $168,992,680, compared with $141,843,264 in 1935. An increase of $1,293,928 in passenger revenue was due in part, Willard said, to the rise in business activity and to the reduc- tion in fares to 2 cents a mile on June 1, 1936. Washington Produce BUTTER 02 score, 1-poggd prints, 35: Y-pound prints, 36; tub score. pound prints. “34: 1spound 'brinte. 35; lub =3 18 calves, 16: oin, 24; froze: 28 " com- : light hogs, Vies. 8%80%; pound. u'z.' LIVE STOCK—P; t 912093 medium, 10 Toukhs 85" chives, 5laaiin. Prices paid shippers, net f.o.b. Wash- ington, by the United States Bureau of Agricuitural Economics: EGGS—Market quiet and unchanged on nearby ungraded eggs but 'z to 1 cent higher on Government graded extra. Cur- Tent receipts, 18 to 18!; cents: hennery whites. 19 to 19'a cents. Government sraded and dated white eges, U. B. extras, | 1arge, 24 cents: U. 8. extras. mediums. 20 s: standards, y changed prices. : Colored. heavy. 18 to 1K cents: Leghorns, 13 to 14 cents: | | chickens. Rocks and crosses. 23 to 24 | cents: Leghorns. 2 pounds, 19 to 20 cents; [ fess than"2 pounds. 17 to 18 cents *Tur- | keys: Old hens, 17 to 18 cents; old toms, 14 to 15 cents Fruits and Vegetables, apShleg In laree lots by orlginal receivers | P to X a.m. today P APPLES T No Carlot _arrivals: on track. _ Supplies moderate: moderate. market steady U No. Maryland. Vh’l Do cars | demand Bushel baskets, 1 Pennsylvania. v.mm. and’ West L 210 inch minimum, 1 38.1.80; 23 inch ~ minimum, 60 Combination extra fancy liclous. 150s and 1385”2 50. few s, 2.8b- 3 uo, 1145, 235; 1128, "ASPARAGUSTruck receipts light: no carlot arrivals. no cars on track. Supplies moderate: demand moderate: market about jleady. New Jersey, pyramid crates, dosen bunches colossal, J.00-2.50; extra’ fancy, 1.75-2.00; fancy.’ 1.50- CABBAGE—No ' carlot broken car on _track. light: supplies moderate: erate: market slightly Carolina, ~ 1'>-bu: type. 1.95-1.35: mostly 1.25 CARROTS—One ~ California arrived; | three broken cars track. Supplies | light: demand moderate: market steady. California. crates 4.00: {Jexas. " bushel baskets, ~ 1.5-1.90: few G LIPLOWER—No _carlot arrivals: four broken cars on track. Supplies mod- | erate: demand moderate; market steady. California, crates. 2.00 ELERY—Three ~Florida arrived: broken tars on irack demand moderate Floridi arrivals; one Truck _receipts demand mod- South weaKer., shel ~bampers.” pointed Western-lettuce four | Supplies moderate; market about steady. individually ed. 10-inch 4 dozen, 2.25 6-10 dozen, 2.25-3.00. LETTUCE—Seven California arrived; | nine broken and five “unbroken cars on | track. Supplies moderate; demand erate: market slightly stronger. fornia. Western crates. Iceberg t: dozen, 2.75-4.25: t-dozen. Onion Prices Improve, ONIONS—Seven wa Stronger a3, Yellow "Bermudas, no cars on | 54 No' cariet, arrivals 1 demand light; | track. ~ Supplies _light; market steady. Carolina, bushe] | hampgers, poorer lower. ATOEE One” Florids. ten Maine: four Beun Carohien acriued: ‘8 and sixteen unbroken ‘cars on track. OId stock: Supplies moderate: demand moder- | ate ‘market about sieady. 100-pound | sacks, U. S, No. 1: Maine, Green Moun- | tains. 2.16-2.25; New stock’ Supplies mod= erate: ‘demand moderate; market weaker, | Florida, - double- -head is Spaulding | U 8. No. few higher: | suum Carolin S Cobblers, U. | No. | 4.50-4.75, ® STRAWBBRRIESNine North Carolina | arrived. one broken car on track. Sup- | plies moderate: demand light: market weaker. 24-quart crates. various varie- ties: North Carolina. fair fo ordinary qual- 2.50-2.00:_poorer. 2.00 per crate: Norfolk Section Virginis, quart crates. various varieties. | ordinary quality and_condition, 2 few higher poorer 2 .00. MIXED VEGETABLES—One Texas ar- | rived: one broken and one unbroken car | on SNAP BEANS_No carlot arrivals; cars on track. plies moderate vesbas no Truck receipts light; sup- demand ‘moderate: ' mar: ham) erl. n green. round “tyne. basnel A" BEANS_Supolies light; demand moderate: market slightly stronger. Flor- ide, bushel hampers. 4.00-4.50. few higher. LANT—Supplies light; demand light; market steady. oFlorida, 1%-bushel crates, -0 PEP! few 3 At plemand mod. erate: S—Supplies mlrktt stead. hampers, green, fancy, 3.75- 300328 HgSupalles lisht: Florida SQUAS! marke; sieady. white, mrapped s CUC RS—Supplies ' moderate; de- mand light: market weaker. Florida, bush. el baskets. 4.50-5.00: choice. 3.00-3.50. TOMATOES—One ' Florida arrived: broken ‘cars on track. Supplies mode demand moderate: market steady. lug boxes. green. ripes wrapped. tix6 and larger,.2.50-3.0 er. 2.00: 6x7. 1.50-2.50. ORANGES—Three Florida arrived: one broken and three unbroker cars on track. Florida. as to size: No. 1. 3.00-4.50: No. 2. .75-4.00. GRAPEFRUIT—Two _Florida i rived: two broken and one unbroken _ci tr(l‘?'k Florids. No. 1."2.80-2.75: No. %, NS—One California arrived: one unbroken car on_track. Californis, No. 1, standard crates, AVOCA! DOG-—-CI?M’ornII. crates, 2.00- PRl Cuba. crates. 300325 CORN— Fiorida. ~ Dushel baskews 4% dozen_ 3.00. TATOES-North Caralina. bushel baskets, Puerto Ricans, 1.65-1.90. K t‘ mb .CH—Nearby sections, bu.hel bas. ets. 7 BEETS—S8outh Carolina, crates, 4 dos- on, 2.50. — VISIBLE GRAIN SUPPLY. NEW YORK, May 17 (#).—The visible supply of American grain shows the following changes in bushels: ‘Wheat decreased 2,356,000; corn de- creased 815,000, oats decreased 2,- 565,000; rye decreased 143,000; barley decreased 440,000. PARIS BOURSE CLOSED. PARIS, May 17 (#).—The Bourse was closed today in observance of ushel i choice, demand light; bushel hampers, ‘two te: Flori ogurning! : poor. MAY 17, 1937 General Motors Pay Held Above Average for U. S. B7 the Assoctated Press. NEW YORK, May 17.—General Mo- tors Corp. employes’ wages are more than 40 per cent above the average hourly rate of all manufacturing in- dustries in the United States, Alfred P. 8loan, Jjr., chairman of the board, said in his quarterly report to stock- holders today. Net earnings for the first quarter, as previously reported, equaled $44,- 814,166, or 99 cents a share, compared with 852,464,174, or $1.17 a share for the like quarter last year. Bloan stressed the effect of the strike, which curtailed operations half the period and reduced production 12.2 per cent under the like period of 1936. CRUDE OIL PRICES. TULSA. OKia.. May 17 (P—Base crude oll_prices: 1d-Continent, sres—Oklahoma Kansas, gravity scale. 98c to $1.30; North, North Central and West Centra ‘sravity 96c to $1 $1.27; . gravity $1.08: North Louisiana= Arkineas. eravity scale. H0¢ 10 $15% Rocky Mountain areg-—Sult Creck, Wyo., sraviy scale. to § eht " ares—Pe (Bragtord-Alcesny) . §5 Southwest Pennsylvania lin prade in Eureks liner, 82 " Blckeve Times, $5220 " Cornime: 8145, Mortgage Loans Business Property $25,000 or Over Residence Property Up to $20,000 Attractive Amortization Plans to Suit Individual Requirements Low Rate of Interest District, Nearby Md. end Va. Robert Peddicord 1713 K St, N.W. DI. 0010 *_Ofce Hours—9-1% rvvvv cans IF YOU CAN PROFITABLY USE MORE MONEY IN YOUR BUSINESS ««..you will find us ready to confer with you and ren- der every assist- ance in our power. Washington Loan & Trust Company Sth& P 17th& G Member, Federal Reserve System and Federal Deposit Insurance Corporation. VV AAAAJ First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 Get the Facts about our MORTGAGE LOAN PLAN EARN how itlowers your interest costs . . . how it puts your principal pay- ments on a more conveni- ent basis. Thousands of property owners endorse the plan. Ask us about it. WEAVER BRO‘ INC EEAL'I'ORS r MA&gtage Lean Corvespmdemt Lifs Inmrens Compary WASHINGTON BUILDING oisTRICT L ‘Whitmonday. FINANCIAL, NEW YORK BANK STOCKS NEW YORK. May 17 im.—N, Becurty Donlers Amoctution e York | (Quotations A of 3 Bk of Man (1%) "Bl Asked. Bankers Tr (2) i T Manufacturers Tr Manufacturers Tr pf (2) Natl City Title G NEW YORK BAR SILVER. NEW YORK, May 17 (). — Bar silver steady and unchanged lrom l"ndny, May 14, at 45%. &T. First mortgage notes, wall secured on con- ely appraised, new buildings in 6% it by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years FirsT MoRTGAGE Loans | District of Columbig— Nearby Maryland— |and Virginig— Apartments 7 Business 0 Properties 3 to 15 Years Also Monthly Payment Loans | Randall H. Hagner & Co. Homes Terms from Incorperated IOI‘I‘GAGI LOAN CORRESPONDENT New York Life Insurance Co. 1321 Conn. Ave. N.W. DE. 3600 cation B UILDING year 1936 is being mailed to ing results and other matters follows: Total Railway Operating Revenues. Total Railway Operating Expenses Net Operating Revenue . Railway Tax Accruals Equipment and Joint Fnc!lny and Other Charges.. D—Denotes Decrease. REVIEW OF OPERATIONS ting revenues increased $27,- M(!).fi.%. or 19.14% over 1935. Freight revenue increased $25,030,467.63, or 20.39%, while revenue tons increased 23.38%. Passenger revenue increased $1,203,928.99, or 13.08%, and the pas- senger miles increased 2042%. The increase ir passenger traffic 1s due in part to the increase in business activity and to reduction in fares on June 1, 1936. Other revenues, in- cluding mail and express, mmued $825,020.30, or 9.00%. Operating expenses increased $18,- 046,342.48, or 17.10% over 1935. Total maintenance expenses increased $10,781,26845, or 25.21%. of which $3,340,164.60 was for maintenance of way anu structures and $7,441,103.85 for maintenance of equipment. The maintenance of equipment expenses include depreciation charges of $7,- 363,115.97, an increase of $162,60253 over 1985. Transportation expenses increased $6,927,170.90, or 13.71%. The transportation ratio was 33.86% of operating revenues as compared with 35.46% in 1935. The total oper- ating .atic was T3.14%, compared with 74.42% in 1935. NET INCOME Net operating revenue inq-ued $9,103,074.50, while taxes, equipment and joint facility rents increased $3,102,752.63. resulting in an increase in Net Railway Operating Income of $6,000,321.87. Other income, includ- ing rents, dividends and interest. after deducting miscellaneous charges, reflects an increase over 1935 of $1,673866.54, while fixed charges decreased $45,695.35. The net incom: after payment of interest and other fixed charges aggregating $32,893,024.36, was $4,538,975.12, an in- crease over 1935 of $7,719,833.76. TAXES' The total taxes accrued as a charge to income in 1936 was $10,- 495,868.31, an increase over 1935 of $2976,545.14. Of the total, $2135.- 65102 was due to the Excise Tax, account of the Railroad Retirement Act of 1935, effective March 1, 1836, and $725246.24 was for the unem- ployment compencation feature of the Social Security Act, effective January 1, 1936. Taxes accrued for 1936 absorbed 2.1 cents of each dollar of net oper- ating revenue and was equal to $3.33 The President and Board throughout ‘the year. ON IMPROVED D. C. PROPERTY Immediate attention on your appli- refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE Net Railway Operating lncome Other Income: Dividends, Interest, etc. Income Available for Fixed Charges.. Fixed Charges: Interest, Rent for Leased Roads Net Income After Mtehuon......... RIS ¥¥% A—21 MONTREAL SILVER. MONTREAL. May 17 (#).—8! | tures opened steady, 5 poinis low:lr"rléz September, 44. | #4.90b; July, 44, Money for Construction Loans d Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEL BORGER 643 Indiana Ave. N.W. Nat’l 0350 Free to Executlves 16 Bank and Trust Company Statements A reprint of reports of condi- tion of 16 Banks and Trust Compoanies of Washington, D. C., as of March 31, 1937, which appeared in The Evemr\g Star. Invaluable reference booklet. Free on request to Executives and Investors. Ad- dress Advertising Manager, The Evening Star First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged Easy Monthiy Fayments aruace suome & OCIATION €OUNCIL. | NAnoNAL UII.DING Assocwnon 949 NINTH STREET, NW. for buying, rebuilding or ASSOCIATION 915 F STREET N.W. Organised 1879 THE BALTIMORE AND OHIO RAILROAD CO. SUMMARY OF ANNUAL REPORT FOR YEAR 1936 HE Annual Report of the President and Directors for the Stockholders of record. Operat- of interest are summarized as CONDENSED INCOME ACCOUNT Inerease Over 1935 m TATAER 12360033314 18,046,34248 S IATeY S50 1022232163 298958557 4,384,720.57 113167.06 .§730,185,305.29 7,246,694.19 32,893,024.36 Toar 1.673,866.54 D 4569535 per share of the total outstanding capital stock of the Company. BALANCE SHEET ‘The balance sheet at December 31, 193, indicated total property (less accrued depreciation) and other investments, of $1079,956,632, current assets of $33822073, as against currert liabilities of $27.- 409,462, and deferred liabilities, in- ter-company accounts. etc., net, of $16418,931. The total interest-bear- ing debt outstanding was $678,664.- 643 (a decrease of $9.029,272 com- pered with preceding :ear). The outstanding capital stock was $315,- 158485, and corporate surplus $76,- 127,184. DMERGENCY INCREASE IN FREIGHT RATES Emergency increase in freight rates authorized by the Interstate Commerce Commission _effective April 18, 1935, terminated December 31, 1936. During 1936 Letween $6,000,- 000 and $/,000,000 were realized by the Company from the emergency increase. As the reasons whuh jul- tifled the “Emergency Charges” are continuing with added emphasis as to cost of material 't is hoped that the Commission will give sympa- thetic comsideration to the petition of the railroads now pending for certain increases and adjustment ol or without interfering with the flow of traffic. PICK-UP AND DELIVERY SERVICE ‘was ina d to apply to shipments paying not less than forty-five tents per 100 pounds. SHARBHOLDERS " At the close of 1938 there were 40,861 registered holders of the Com- pany's capital stock of both classes, with an average holding of 77 shares. The continued cooperation of share- holders in the use of the Company’s facilities and in the solicitation of the business of others for transpor- tation over its lines is earnestly de- sired and greatly appreciated. of Directors record their appre- ciation of the loyal support and efficient cooperation of the officers and employes in the conduct of the Company’s business DANIEL