Evening Star Newspaper, May 18, 1937, Page 17

. FINANCIAL. CORPORATE BONDS TURN' IRREGULAR Small Losses and Gains Are Divided—Federal Issues Uneven. Bond Averages 20 10 10 10 Ralls. Indust. Util. #'gn Net change. +.1 —1 —1 Today, close 93.0102.8 *97.8 71.0 Prev. day._’ 9291029 979 1711 Month ago. 94.5103.0 99.7 71.7 Year ago... 91.5102.4101.3 68.9 1937 high .. 99.0104.4 1028 74.7 1937 low... 92.6102.4 978 1705 1936 high .. 98.2104.4103.1 73.0 1936 low 86.9101.8 99.3 67.6 1932 low ... 458 40.0 646 42.2 1928 high __101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Close _.._110.0 Prev. day.110.0 Month ago109.1 Year ago.111.6 1937 high_ 113.7 1937 low.. 108.4 1936 bigh. 1135 1936 low.. 110.2 1928 high_ 104.4 1932 low.. 868 *New 1937 low. (Complled by tne Associated Press.) By the Associated Press. NEW YORK. May 18.—Corporate and United States Government loans were mixed in moderate trading today. Gains of fractions to a point or so were scored by Santa Fe 4s, Great Northern 4!%s, Illinols Central 43;s, Loews 31;s, Western Union 5s and Pure Oil 4!;s with warrants. M.-K.- T. 5s were up about 2 on limited turn- | over. Down fractions to about a point were Chesapeake Corp. 5s, Consoli- dated Edison 31,s, Southern Railway | 4s, U. S. Rubber 55 and Youngstown Bheet & Tube 3!:s. In the U. S. Government division moderate gains by Treasury 3s of 1955, the 3!zs of 1949 and the 3%s of 1941 contrasted with small losses in the 234s of 1951, the 2!3s and the 274xs. DIVIDENDS ANNOUNCED NEW YORK. May 18 _Dividends de- | gared (prepared by the Standard Statistics D, Extoa. Pe- 8tock of Pay- Rate riod. record. able. Glidden Co (e T Twin Disc Clutch 5 Spec Kpnnrcau. Copper Incres A.uor: Investment Co Accumulated, -G Foods 77 pf 1. Besh e, & G 36 pf 31 8t LSe & 4175 Crane Oo 7% ot° 8175 Regular, Am Box Brd 7, v{ 17 Co L[d $ Cent O L&P $6 pf S1 élmuen Co Glidden 427, cv pf 56 Hewitt Rubber 2 Hudson Bay M & S Humble O1l & Ref pOOE OO Pitts_Brewing pf Schiff Co ~__ Rmer Surety $1.25 Detroit Paper Prod 6'.c Fl Paso Nat Gas Oc Kennecott Cobper Naul Sugar Rfg « NeWEnz T& T Newmont Mining - Onyg Lenther n new stock. CHICAGO PRODUCE. HICAGO. May 18 (# —Poultry, live 43 ick s, seady hens. over 5 pounds. 17 DD p o OOOZO O y broilers, " colored. 23 aha White Hock ghorn. roosters. 12: Leghorn roosters. 11 Bens. 16: toms. 15: No. 2 turkeys, Sprines. colored. 26: Plymouth and White Rocks. 2R: ducks_ white and colored. 413 pounds up. 16: small. 14: geese. 11. Butter 16,480 steady. prices unchanged. Fes. 33, firmer: extra firsts. local, 21 cars, 20V At o0 pagked extras. receipts. 2923, storage packed firsts. Potatoes. fl’- on track. 273: total U. 8. shipments. 675, Old stock: Bteady: sup- plies moderate. demand slow. Blck:d per ewt Tfllho Russet Bklll’hlnk! U‘ No. { ta : Ma mo:lly 2.10: 00: Wasingion Rigset gombination grade, .15. New 8. 1. steady; U.S. 5 sunvlie= moderate: demand slow ., Loulsiana Bliss Triumphs, U, 8 No 2, 1.00-16; Als- Burb-nkx 2.00: M1 issipp Biiss fal, %, b U8 5. California s Triumphs, No White Rose, U. B. Ph 11250 NEW YORK SUGAR. NEW YORK May 18 (.—Raw_sugar was unchanged early today at 3.38 for spots. The undertone was easier. but no gales’ were reported. as buvers failed to ahow interest above 3.35 tures were quiet and prices were lightly easier under liquidation and com- mission house selling influenced by the disappointing showing of the London mar- ket ‘after the holiday and the more lib- eral offerings of spot July No. 4 declined from 1,142 to 1.14 and September from 1.18 to 1.17 and were around the lows at midday, or 11; below vesterday's close. No. 3 was 1 pet lower, with September .47 and March Refned was unchanged at 4.80 for fine ranuiated. but demand was light. with he trade ‘still awaiting developments at Washington on sugar legislation. —e NEW YORK PRODUCE. W YORK. May 1R (®.—Butter. 01, slightly; easler. Creamery. Righer 4-33: extra (92 score). 32: 20Y-31: other butter . firm and unchanged. irregular: mixed coliors. ] No_ 1. 20-20V4: Other mixed by freight. weak, Powls Riz: Leghorn. 16'4: roost- m er ?m-m Drices unchanged ek, Fowi 7 . 18151741 . other express prices un- Fresh i " checks, prices unchanged Live poultry, Drevsed poultry sbout stendy, e‘hlch Brof 4, bRt Old roosters, her fresh and 1roun prices 3 REGISTBATION STATEMENTS. By the Associated Press. Registration _statements for proposed new securities filed today with the Securi- ties Commission Int uded: e Oorp.. Mari- Ohio Plat etter Onio. $866.000 of $1 oar” comimin stock. for debt retirement. machinery and porking capital. Underwriter, ach ne. Bearing Co.. Baltimore, $125,000 00 par common stock. for loan’ re- ents and working capital. No un- Gerwriter. Rice Ranch Ol Oo. Lox Angeles, 180 000, ot or %1 par comm Telirement. « eauibment and development. 'No underwriter. TU.S. TREASU’EY POSITION. B9 the Associated Press. The Dosition of the Treasury May 15: 66,506.7R; $1.739.46: cusioms receipts for the 1!6!2(( for ‘the fiscal year (since July 75.168.67: expenditures, $8.. up adi 10 sx incuding . $2.487.678.- r o °fm S 50308 001 14 erens o !XDPI! unn 2.8 s 64.004,06. an_increase of the previous day; ll’:lgfl" .59, Incllldll’ll v ‘month, 2: s, sfi“%’s old 'assets. 2 3 60,803.634.42 'of FREIGHT LOADINGS. NEW YORK. May (A —Revenue fre‘sht carloadings on railroads reporting todsy for the week ended May 15 includ Week Previous ¥ eel Atchison Chi. & N. W. Paul t. Paul ‘Wabash May 15. _U20.442 gama =5 8.481 oo iaA i3Ae - MONTREAL SILVER. MONTREAL. Ma; R (). —8llver Jpiresopened sieads. 5 tower " May. 448557 Uiy, 44.70b; September, 44.60b, b—Blfl (| 2%s 193 BONDS ON By private wire direst 0 The Star. Approximate Transactions Today. U S Gov't Bonds_.., 900,000 Foreign Bonds ... 1,190,000 Domestic Bond! 6,130,000 TREASURY. All time nu'n on which tI 2158 1949-53_ 23,8 1946-47._ ylig! High. Low. se. 97.17 97.16 97.16 . 102,10 1028 102.8 100.18 100.12 100,18 99.22 99.15 99.15 . 99.21 9915 99.16 . 100.20 100.18 100.15 103.28 103,23 108.23 . 102,15 102.12 102.12 . 104.14 104.10 104.10 - 104.4 1044 1044 106.12 106.10 106.12 106. 105.29 106. 105.24 105.19 105.19 106.18 106.14 106,14 106.16 106.14 106.14 109.11 109.10 109 11 z 1113 1113 1118 41, 8-31(8°43, 106. 105.31 105.81 4% 8194752 116.7 1154 1154 FEDERAL FARM MORTGAGE. 9 102.28 102.23 102.28 1022 102. 102.2 102.20 102.20 102.20 HOME OWNERS' LOAN. 2108 194244 _ 99.16 99.15 99.15 1003 100. 100.1 101.24 101.21 101.21 FOREIGN BONDS. High. Low. Closs. Abitibl Pa&Pw 5563 100% Adriatic Elec 78'52._ 84 Antwerp 58 ‘58 100% Argentine 4% 871, 98 Argentine 65°'57 A. 101% Argentine 6s'68 B.._ 100 Argentine 68 ‘69 June 100 Argentine 68'59 Oct 1013 Argentine 6s 60 May. 102 Argentine 6s '60 Sept 101 Argentine 6s'60 Oct 1017% Argentine 6s ‘61 Febr 100% Argentine 68°61 May. 1017 Australia 41856 1011y Australia 58’ 107'% Australia 58 ‘57 .__. 106'a Belgium 6s ‘55 108 Berlin 65 '58 Brazil 615 °26- Brazil 6,527~ Brazil 7852 Brazil 8s 41 Beu A 4Y-44n Buenos A 4%48' Buenos Aires 4348-45,8"76 April . Buenos A4 2 2738 1965-60... 381946-48 _. 881951-55 ___. 3348 1946 3148 1049-52_. 33(81941 3148 1944-46 1940-43J 335 1941-43 Mar 3348 1943-47 35,8 1946-56 48 1944-54 381952 101% 101% 100 100 100 100 101% 101% 101% 101% 101% 101% 101% 101% 100% 100% 101% 1017% 101% 101% 1067 1067 106% 106% 108 108 19% 36% Buenos A 68 '61 at Pv Buenos A64a'61st pv. Bulgaria 7 | Canada 2148 ’IK Candaa 33,8 '61_ | Canada 4’60 435 | Canada 5s ‘52 | Chile 6360 Chile 68’62 Chile 65°63 Chile 78’42 | Chilean Mun I, 7860 | Colombia 6s ‘61 Oct __ Col Mtg Bk 61,8 '47__ Copenhagen 41;8°53 | Copenhagen 55’52 Cordoba 7s'42 prv. Cuba 53s 45 Czechoslovakia 88’51 | Denmark 4% Denmark 53 Denmark 6. | Dominic 2 | Dominic 53 Ger C Bk A 68'60 July 3 | Ger C Bk A 68'60 Oct_ Ger Gov 5148 65 st | Ger Gov 51,8'65 un st | Ger Rep 7s'49 stpd _ 5| Ger Rep7s43 uns Greek Gov 68 68 Helsingfors 6725 '60._ Hung Con M 78 '46_ | Italy 7851 S Ital Crd P W 7s ‘47 B_ Ital P U Crd 78 '52 Japan 5% 565 Japan 635 '54 Lombard Elec 7s'52 Medelin 6158 '54 Mex 48 '10-'45 asst_ Mex 48°10-"45asst am Milan 615 '52 Minas Gers 6, '58__ Montevideo 7852 New So Wales 5s'67. New So Wales 58 °58_ Nord Ry 614850 Norway 4s 63 Norway 438 '65_ Norway 4158°56_. Norway 6s'44 Norw Mun Bk 5870 Orfental Dev 55868 Oriental Dev 6553 Oslo 4%35°5 0sloG & E 5863 Panama 5563 stpas_ Panama 5%s Peru 68'60_. Peru 68°61_ r2' 25 6513 1024 103 106'% - 9T% 101% 103% - 106% - 1021 1514 65% 102% 102% 102% 103 106% 97 101% 103% 4 106% 4 102% 5% 80% Poland 8s '50 = Porto Alegre 7148 '66. Queensland 68°'47_ Queensland 7s '41 Rhine W E1 P 6s'52__ Rhine W E1 P 65 '55__ Rio de Jan 6148’53 Riode Jan 8s'46 Rio Grdo Sul 7 Rio Gr do Sul Rome 61;8'62 Roumania 78°59 Sao Pauln St 78'40 Serbs 78°62 Serbs 8s'62_ Silesia Prov 7s ‘58 Tokio E L Ltd 68 '53_ Tyrol Hy E1 7;8°55 TUn Stl Wk 6% 847 A Uruguay 6s'60 TUruguay 68’6 Warsaw 7 Westphal E P 68 '53._ DOMESTIC BONDS. Adams Express 48’47 100% 1004 Adams Exp 43,846 . 101% 101% Ala Grt Southn 48 ‘43 106% Alb Per W P 65’48 Alleg Corp 58 '44 Alleg Corp 58°49_ Alleg Corp 5850 Alleg Corp 58 ‘50 stp_ 36 27% 27% 43% 9% 97 25% 668 66% 42% 20% Allied Stores 4148 '51. Am & For Pw 63 2030 | Am Ice cv 68°53. 105% 106% 7% 9T% Armour (Del) 48°57_. 97% 97% 9744 Armstrong Ck 48°50 . 10474 104% 104% A T&S Fe adj 4 st 104% 104 104 A T&S Fe gen 45°95__ 109% 109 109% A T&B Fe 4148°48. ___ 108% 1084 108% Atl Coast L 1t 48°52. 102% 102 102% Atl Coast Line 58 °45. 104 103% 103% Atlantic & D 1st48'48. 51% 50% 50% AtIG& W 1st5s'89_. 75 B&O1st4s’48 B&O4%8'60 B&Oref 5895 L_-.- B&OG58'96 F B&Orefbs !' B & O Toledo 48°59 . Battle Crk & St 35'89. BellTof Pabs’48 B.. Beth Steel 3%8°66.__ Beth Steel 43 Bklyn UnG 68’57 B Brown Shoe 3% s 50 Bruns & West 4s'38 Buff R&P con 4148’67 Bush Term 1st 48°'52. 69 69 69 Bush Term con 58°55. 59 59 b Canada So 58 '62 A___ 114} 114% 11, - 105% 105% 108% 102 102 102 86Y% 85% 86Y% 2% | Long Isl ref 48 ‘49 THE EVENING STAR, WASHINGTON, D. C, TUESDAY, MAY 18, 1937. FINANCIAL, ¥¥% A—17 . W"_“——M—_ EXCHANGE N. Y. STOCK igh. Low. Close. lllVa 111% 111% 115 115 115 Can'dian NR 4348 '57. Can'dian N 68'69 July Can'dian NR58'69 Oct 116% 116% 116% Can'dlan NR 58°70___ 117 117 117 Can'dlanPdb4sperp 93% 93 93% Can'dian Pac 4143°46. 104% 104% 104% Can‘dian Pac 418 '60. 101% 101% 101% Car & Gen 58’50 ww_. 103 103 103 Cent Br UP 48’48 29 29 29 Central Fdry ov 6s'41. 100% 100 100% CentofGaconbs’45. 29 27% 29 19 19 19 Cent of Ga 65 '59 C Centof Garf 5% 19 19 19 Cent Il B & G 53°51.. 100% 100% 100% Cent N England 4s'61. 68 68 68 7. 63% 62% 63% 107% 107% 107% 99% 99 99% 124 124 124 108% 105% 105% 110% 110 110% 97 96% 97 118% 118 118 107% 1074 107% 85 55 55 109% 109% 109% 109% 109 109 110 110 110 384 37% 37% 36% 36'% 364 43% 43 43y 30% 30% 30% mm 102% 102% 62 65 Cent Pac 18t rf 449 Cent Pac 5s°60 Cent Steel Chl & Alt ref SI 49 Chi B&Q gen 4568 Chi B&Q 4168'77 __. Chi B&QI aiv 48°49__ Chi & E 111 68’51 . Chi & E Ill 68 '51 ct! 48°'69 Chi Ind & 8o 48 CM&BtP4s'89 E CMA&StP gn 4148’89 C. CM&StP 43, 9 CM&StPG6s'T5 _ CM&StP&AP ldJBflODO Chi & NW gen 48'87_ Chi & NW 4148 3037 ._ Chi & NW 41482037 C Chi & NW 4%8'49 _ Chi & NW rf 58 3037.. C&NW NrW 634586 Chi R I&P rt Chi R I&P gen ChiR I&P 4% Chi RI&P 44 ChiR I&P 414860 . Chi T H&S 18t 68 '60_. Chi T H&S Inc 68 '60. ChiUn Sta3%s'51. . Chi Un Sta 3% 8’63 E. Chi Un Sta 48’63 Chi & W In con Chi & W Ind 4» Childs & Co 5843 Choc O G con 58", Cin Un Term CCC&StLrf 4% ~77E CCC&StLrf 5863 D CCC&StL StL dv4a'90 Clev Cliffs Ir 4 ClevEIIN 3% s Clev Un Ter ¢ %8 '77_ Un Ter 68’73 B.. CI Un Ter 6% 8'72A. ColoF &I5s8°'70 Colo & So 414880 Columbia G & E deb 58°62 April__. ____ Columbia G & E 55 ‘52 May. .. _ - Columbia G&E 53’61 Colum Ry P&L 4s '65. Comel Credit $3¢s '51 Com Inv Tr 334851 _ Conn R&L 41:8'51 st Conn R Pw 3% 861 A Cons Coal Del 5360 Cons EANY 3% w46 n Cons Gas NY 48’51 Consol Oi13%s8°51 _ Consum Pwr 33,865 Consum Pv«rl’il"lo Container 65’46 Cuba RR 1st 6852 _ Cuba Northn 63, Cuba RR 713 | Del & Hud ret 4; | Del P& L 41, Den & R G con 48 '36 Den & RGW b&'55asst Den& R G ref 587! Des M&Ft D 48'35 cfs Det Edison 58’52 Dul & Ir Rg 58°'3 Duquesne Lt 3% Elec Auto Lite 48°'52_ EIPaso NG 45846 Eriecv 48’53 B. Eriecons 4s°96. Erie gen 4896 106% 106% 108'% 108%4 . 103% 103'% 101% 101t 1024 102% 100% 106 98 101% 105% 105 1054 1073 101% 9914 102% 103% 481 484 60 898 10414 264 158 23% 8 107 101% 1037 108% 140 8214 9914 8214 8% 8 1017% lm’/n 13 1214 u% 102'4 102% 100 100% 99'4 9974 104% 1044 104% 104'% 93% 934 1334 1384 109'% 109% 112 112 104% 104% 1 111 b by i ¢ Wy 11 951 9514 10074 101 B8Ry, 8RBy 102 102 46 46 1184 118y 20% 2954 4% 75 104% 104% 85% 101% 101% 1037 10374 108% 140 8214 9914 829 TR - T84 - 102 13% 1215 102% Fairbks Mors Fla ECRy 68 ‘T4 FIAECRy 58°74 ctfs Gen Mot Acc 3845 Gen Mot Acc 338 '51_ Goodrich 4% 5’56 Goodrich 6s'45 __ Goodyear T&R 58 '57- Grt Nr Ry 3 Great N Ry Grt NRy 4s’46 H _ _ Grt NRrf4Xs Grt NR gen 44 Grt NR61;8'52B Green Bay 5862 B __ Gulf Sta Stl 4%s8 61 Gulf States Util 4566 Hoe (R) 1st mtg 44 __ Houston Ol 5148 °40_. Hudson Coal 5s '52 Hudson Co G 1st 58'49 Hud & Man inc 6s’57_ Hud & Man ref §s '57. 111 Bell Tel 3148°70 111 Cent col tr 4 111 Cent col tr 48°5 111 Cent ref 48’58 I11 Cent 4% ICC&St L N O 4% JC 8t L&ANO58°51. ICC&St LN O 58'63_ 111 Steel deb 4%%s "40.. Inland 8t13%s'61 IntR T 1st rf 68’66 IR T 18t rf 51’66 ctfs IntR T 6s°32 IntRT 2 ctf. IntRT 7832 Interlake Iron 48 47- Int Agr-cl 58'42 stp._ Int Grt Nr 58 °56 Int Grt Nr6s'52 A __ Int Grt Nr adj 6 A Int Hydro Elec 65 '44 Int Mer Marine 6s ‘41 Int Pap 1st 58°47 A Int Pap ref Int T&T cv 4% Int T&T 41,8°52_ Int T&T 6s'55. Towa C 1st&rf 48 '51._. Jones&L 8tl 43(s'61A KansCF S&M 45°'36 Kan CFS&M rf4s'3sct Ki C 8o 1st 50 Kans City So ref 53'50 Kans C Ter 1st 4s'60_ Kans G&AE 4148'80___ Keith's 6s°46 Kresge Found 333 8'47 Kresge Found 48 '45_ 4 [ 109% 109% 81% B1% 4 106% 106% 1044 104'% 34 T4 2% 26'% 2314 T4% 96 mM 1004 33% 33% 34% 347% 12% 12% 3 3% 81 81 100% 100% 102 102 53 53 50 50 85% 854 89% 894 107 107 104 104 99 99 102 102 105% 105% 93 60% 59% b4 31% 3% 97% 59% 6814 2% 108Y% 108% 108% 130% 129% 125% 98% 98% 98% 1023 102% 102% 102% 101% 102% 128 128 128 92% 92% 92% 91% 91% 1% - 106% 106% 106% 104 104 104 96% 96% 964 103% 103% 103% 104 103% 104 80 80 60 Laclede Gas 6s°42 A_. Lautaro Nit 1876s Lautaro Nitr 68 '54. Leh Val Coal 8 Leh V P con Leh V Pcon 4%s 2003 Leh V RR con 58 2003 Leh Val Term bs’41.. Ligg & Myers 7844 Loew's 3348°46 - Long Islrf 45°49 stp_ Lorillard 78’44 La & Ark 65’69 L & Nash 3% 2 L &N unif 45’40 L &N 4%s2003C L & N So Mon jt 48'52 McCrory Strs 68'51. McKess&Rob 5145'60 MeC RR gn 4%8'60 A Manhat Ry 48°90 . Manhat R 2d 48 2013 _ Marion 8ti S8hov §s'47. Market 8t Ry 78 347% 35 19 19 91% 91% 00 99% 100 104 108% 103% 107 107 107 — 103% 103% 103% 101% 101% 101% 24% 24% 18% 8T Mich Cent 4348°79 MilEl R&S L rf 68’71 MStPASSM cn 4s°'38. Mo Pac 58 '" G Mo Pac 5880 H. Mo Pac §s°S: MoPacbiys ‘40 A .. Mob & Ohlo 43%8°77.. Mob& Ohio 68’38 . 31% 31% 31 Monong Pub 8 4%8'60 102% 102% 102% Monong Pub 8 65’65 102% 102% 102% Monong Ry 1s 106% 1084 106% Mont Pwr 3% 9% 9416 94% Morris & Bs 3158 2000 904 89% 90% Morris&E: 4%8'55 89 8% 88 Morris&Essex §8’56_. 98 % 9ThH i Oreg W RR 4s'61 68% | Namm & Sons 6s 43 Nassau Elec 48’51 std Natl Dairy 3% s'51ww Natl DisP C 4%s ‘45 . NatR M 4%s'26 asst Natl Steel 4565 New Eng RR 43’45 53. New Orl T&M 68'58 C. N Y Central 3%45°52_. NY Central 8148 °97 NY Central !!‘l"fi NY Cent 48" NY Cent con u '9. NY Centrf 418 2018_ NYCrf4%s2013n__ NY Cent rf 58 20; NY Cent cv 44 NYCLSh3%s'98__. NYC&St L 4%8'78 __ NYC&St L 538 74 A_ NYChi& St L 6n'3s_. NY Dock 1st 48°51___ NY Dock 5838 5 NY Edison 3%, 8'65 D. NY Edisref31,s'66._. NY G El H&P 48 '49__ NYGEI H&P 6848 __ NY & Green L 6846 NYNH&H 3%s8'54_ NYNH&H 31;,8'56__ )\YI\H&HQ’AN'G7 NYNH&Hcv 6’48 NY O&W gen 43°55 NY O&W ref 48'92 NY Putnam 4s°'93 NYRys6s'58 A ltpd NY & Rich G 68’51 __ NY Steamn 1st 68 '51__ NY Steam 58 '66 NY Steam 1st 68°47__ NY Tr Rk 6s '46 stp__ NY W&B ¢%8°46 Niag L & O 68 '56 Niag Sh 5%48°50 Norf So 1st ref 55 Norf & W 1st 48’96 __ North Am Co 68 '81 North Am Ed 58'69 C North Am Ed 51%#'63 Nor'n Pac gen 3s 2047 Nor'n Pac 48'97 = Nor'n Pac 4159 2047 __ Nor'n Pac 68 2047____ Ogden 1. C 4848 Ohto Fdison 42 '65 Ohio Pub Sve 47 Oreg RR&N 4s'46_ Pac Gas & F13148'66. PacG&E3%n'61 PacG & F 4864 Pac Mo 1st 48 = Pac T&T rf3%s '66 B Pac T&T 3%5 66 C Pan Am P C 68 '40_ Park-Lx 614853 ctfs Parmeleo s 44 ___ Phila B&W 413881 Penn Co 45 ‘83 Penn Dixie C 68’41 Pern P& L 438 Penn RR3Yswi Penn RR 33,870 C Penn RR con 48 '48 Penn RR &n 4158 Penn RR deb 4 Penn RR gen § People G L&C 6 Pere Marq 414='80_ _ Pere Marq 1st 58 Phila Co 5867 Phila & R C&1 b Phila & R C&I 6 Philippine Ry 4s'37__ + | Pillabury F M 68°43 Pitts&W Va 41;8'60 C Port Gen El 4128 Porto Rico A T Postal Tel & C 58 '53 Potomac EI P 318 '66 Pressed St Car 5851 Pure Ofl 474850 ww._ Reading Jer C 48’51 __ Reading R 414897 A Rem-Rand 4, s'56ww Republic 8tl 4148 '50_ Republic Stl 4148 °56_ Republic Stl 4148 *61_ Republic Stl 5%s ‘54 Richfield Oil 68’44 __ Revere Cop 41(8'56 _ RG W lstexind4s'39. RIA&L Ist4%s'34_. Rutland RR 415841 Saguenay Pw 48’66 St Jo Ry L T&P 5837 St LIM&S R&G 48°33 StL-S Fran 4s'50 A F 48°50 A ctfs Fran 41%s'78 St L-SF 4%8'78 cf st StLSF 58’50 Betfs_ St P M&M ext 5843 San A & A Pass 48’43 Schulco 6148'46 A stp. Schulco 612846 B Schulco 612446 B stp. Seabd A T, 48'50 Seabd A L 4r '50 atp__ Seahd A Liref 48’59 __ Seabd A L adjhn’49__ Seahd A L 6845 A Seabd AL 6s" Seabd A-F168'35 A ct Shell Un deb 3158 '51_ Sllesian Am 78’41 Skelly Oil 48°51 Socony Vav 3148°60 . Southn Cal G 414861 South Bell T&T 5841 S0 Colo Pwr 6847 A . SoPac3%s’'46 So Paccol 4 So Pacref 4 So Pac 4%4s So Pac 4%4s So Pac 4348 '81. So Pac Oreg 0155'77 . SoPac S F Ter 48 '50. So Ry gen 43°G6 A _. So Ry 58'94 So Ry gen 6 SoRy 6128°'56 - SOoRYM& O 48’38 _ Southw'n G&E 60 Spokane Int 58 '55_ Staley A E 4846 - Stand OII N J 3861 __ Studebaker cv 68 '45._ Swift & Co3%s’50__. ‘Term As St L Texarkana 5348’50 Texas Corp 3%s ‘51 Texas & Pac 6877 B_ Texas & Pac 58’80 D_ Third Av ref 4s°60 Third A ad in ex 58’66 Tide Wat O11 348’52 _ 'Tol & Ohio C 3% %'60._ Tol St L& W 48°50__. UnEIL&PG5s'37 __ UnEIL&P5%s'54_ Union Pac 3158°70___ Union Pac 31:8'71 __ Union Pac 1st 48°47 _ Un Pac 1st rf 65 2008 _ United Biscuit bs '50_ United Drug bs '53_ U S Rubber 6s '47 Utah P& L 58’44 _ Util P& L 58’59 ww._. UHIP&L5%s'47.__ Vanadiumev 68’41 _. Ver Sug 1st 78’42 ctfs VAE&Pi1strf 48’55, VaRy1st3%s'66 A_. Wabash 415878 - ‘Wabash 1st 58°39____ Wabash 58°76 Wabash 53’80 D ‘Wabash 5158 '75 Walker H&S 4%s ‘Walworth 48’55 Warner Broscv 6s'39 Warner-Quin 68’39 __ ‘Warren Brev 6s°41 . West Penn P 3158 °'66. ‘W Pa Pw 1st 6863 E_ W Sh 1st 45 2061 gtd. ‘W Sh 18t 48 2061 reg.. West'n M4 1st 4s ‘62 Westn NY&P gn 48'43 ‘Westn Un cl tr 5s'38_ Waestn Pac 5s ‘46 A ‘West'n Pac 58'46 A as West'n Un 4338 '50 West'n Un § W Sp Stl 1st 7835 c{' W Sp Stl con 78 '35 et Wilkes B&E 18t 68°42 WisCent 1st gn 48’49 % | WisCS&DT4s" Y'ngstn S&T 3%8°51. Y'ngstn S&T 4s°61__. ——— Mmr . 101 198 - 105% . 100 - 103 High. Low. Close. 101 101 B51% 51% 51% 104 103'% 104 104 103% 103% 5 5 5 - 105% 106% 105% 95% 95% 914 91 9% 49% 49% 49% 108% 107% 108% 95% 95% 101% 101% 97% 96% 9T 104% 104% 104% 90% 90% 90% 861 861 8614 100 98% 100 100% 100% 100% 81% 60% 60% 59 59 K9 99y, 99% 993 100% 100 100% 113% 118% 118% 121% 121% 121% 89% 99% 36 38 43 107% 107% 102! 10215 281 29 115 115 104 104 1025 102% 10215 1024 2% 104" 9774 111 214% 105 111% 110 106% 974 102 10514 100 100% 1 % 21t 106% 112 110 105% 974 1021% 10574 100 100% 100% 37 46 6514 Th 1024 106 ln(m 102 93, 1110 971y 107 10815 156 97 968 115 48 103 70 208 241 100% 99 80 27 24% 261, 228, 247 - 1017 101 301k 30' 105 1064 105, 1051 South Nat G 414s'51. - 1012, 100%; (] 30% 28% 2815 1037 10374 1037 9% 9Ty 9T 119 116% 119 107 107 107 . 10315 10314 10315 88 88 88 108% 10814 1086 106 102% 103 103 1021 102'% 561 24 9T 105 4 10315 961 96 1121 1161 106% 9714 106% 100 49% 50 102 107% 107% 1037% 1037% 36 35 94y 9414 36 36 36 36 36 37 106 105 80 80% 95 95 45 45 63 6414 104% 104% 117% 118 92 911% 92 86% 86% 86% 1037% 1031 103% 107% 107 1074 102‘/- 102% 102% 104% 118 132 132 132 101% 101 101 Al 4|18 to RETAIL BUYING MOUNTS SHARPLY March and April Spending Advances to Highest Point Since 1931. By the Associated Press. NEW YORK, May 18 —S8welling industrial pay rolls and increased farm purchasing power stand in the back ground of a sharp upswing in retail spending in March and April to the highest point since 1931. In those two months, the public spent $892,900,000 for general merchan- dise in department stores, mail order organizations, variety and dry goods stores, an increase of 13.3 per cent, the International Statistical Bureau reported. Significant, retail trade circles say, is the fact this increase over last year was scored despite widespread strikes. The American public, the survey said, is spending no more freely than is justified by income received. To support this contention it points out consumer income in the first quarter rose 11.9 per cent while expenditures advanced only 10.9 per cent. The discrepancy, analysts believe, is accounted for by more aggressive spending for travel and by a gradusl return of the savings bank habit, Playing an important part in the upturn of retail spending was the more liberal consumer outlay for furniture and other household items on which 17.2 per cent more was spent than in the like period last year. This development retailers explain in terms of increased residential con- struction and what they term a gen- eral revival of interest in the home. As these commentators see it, in the post-war period there was a sharp shifting of expenditure from domestic products to the automobile and motor accessories. Gradually, in many families the automobile moved into the ‘“‘necessity” classification, Fresh interest in the home first got under way about a year and a hailf ago. It has been siow in gathering momentum but has shown no signs of having spent itself, analysts de- clare. If it continues it should pro- | vide & continued source of energy to | retail trade, it is argued. BUTTER-.02 score, 1-pound prints, 33: Ys-pound prints. 36; 3 score, 12 ound, prints. 34; Y Bound ‘printe. ab; MEATS_—Cnolce beet. veal 243: pork Dpork_ 2 sliced pound. lk' “lard. 147, | | LIVE BTOCK—Pigs. 9'4a9%4: light hogs, Hmll“u m!dmml lj;’cll“‘x S(lvles ERE i sOwSs, Ya; 18: bacon, 28; | 21014 “rou Bal0 mm: Prices pi nhlnnen—nu f.0.b. Washing- |ton. By "“the Unitea Biaies Bureau of Aricultural Economics: TG Market hes better tone, but prices unchanged. (Net prices paid ship- DPers. f.o.b Washington.) Current receipts, 1815: hennery whites. 18 to 10%. Government graded and dated white eggs: U. 8 extras large. 24: U. 8. extras, me- diums. 20: U. 8. standards. large 20's LIVE " 'POULTRY—Market ~_irregular. Fowl weak and moatly 1 cent lower. but Rock chickena firmer. ~ Fowl: _ Col heavy, 16 to 17 1 calves, a few at IR: Chickens: Rocks 8 few at 28, horn: receivers no cars Ben Ziatinch minimum minimum. 1.50-1 60. extra fancy, and fancy—Deliclous. 150 “ASPARAGUS—No _carlot cars on track. plies moderat lrrlvllsv Truck receipts light: sup- demand moderate; market i dosen bunches. £00-2.60: small " size on track. Truck receipts light moderate’, demand = moderate 11;3-bushel nnmrzu pointed Noreh Carolina. 1.0 hi Eastern Shore. Vi e CARRO' ne 3 broken cars on tracl lupvl!e! I(Chl de- mand moderate: market steady. _Cali- fornia, Western lettuce Erates. 4.00. Texan, buxhel bllketx J7b-1. No carlot arrivals: broien e supplies moderate; demand moderat o maTker steady. Cali fornia_ crates. CELERY-—~One Florida arrive broken cars on track: supplies moderate moderate; market steads. Florid yidually washed 10-inch crates 50: r ew. 2 poorer. 10w as 2.75; few. 3.00; supplies moderate: slishtly weaker. Californ Icebers s en. . 3.75-4.00; : 2 broken Dunpllu 'maj arket steady. ipound - shcks, Zellow Bermudas, U. 8. commercial. 16.0-1.78. PEAS—One Californis arrived: 1 bro- ken car o ntrack. moderate; g,?mtlflfl moderat it s y. or! tew 35-1 R -1.50; fornin. "bushel hampers, Telephone Potato Prices Steady. POTATOES —one Fiorids. 0 Maine ar- fived; 9 broken and 10 ! ronn cars on track, Supplies modera! mand mod- e aPBet® stondy: 100 pOUR sREXE. o. 1: Maine, Green Mountain demand moderate: barrels Spaulding 8 few higher. 8o Qarrels, Cobblers. U. 8. N ew T, No carlot arrivals: 1 Supplies fairly lib- ipadgmand moderate;” market steady, 24-quart crates various varieti Clrollnb best. .| 50-3 00; fair to ordmlfl and _con: 9, 50: poorer. byt 50-4 7%, hmk_m car on track. iy Taie to Coninary’ dobiits ad |3 mos! r_to or nlry Ut l! ndition. y” .00-2.50; few best, 2.75 per \TOE8—One Texas arrived; 2 unbroken cars on track. ¥ 7 1.21 75, VECKT u—° o' catlor ar- he_brokén car on AF"SEANB —No® catlot artiva eceipts Tigh T 5] e. 2.75: Ter low as 2. &l m2 50: few mostly LD 7 hll;".o ul ) d congn lon. mostly T erats; mark ell'xmuu B °|gu1 Spates. 280,27 mod ; market &l MONEY MARKET. NEW YORK. May 18 (.—Call money stepdy: 1 per cent all ‘day. Prime commer- t. Time loans steady: o ptances ew York Reserve CARRIERS REPORT EARNINGS GAINS B. & 0.,' Southern Railway, L. & N., Santa Fe and Others Improve. By the Associated Press. NEW YORK, May 18.—Early re- ports of rallroad earnings for the first quarter trickled in yesterday and virtuslly all showed substantial im- provement over results in the like 1936 period. The Baltimore & Ohio Railroad showed net profit of $29,419, equal to 5 cents a share of 4 per cent non- cumulative preferred, compared with & net loss of $2,620430 in the first quarter of 1936. Railroads in the South also im- proved their earnings. The Southern Railway Co. showed a net profit of $1,506,977, equal after divided re- quirements on the 5 per cent non- cumulative preferred stock, to 58 cents & common share. & net loss of $209,622 in the first quarter of 1936. Loulsville & Nashville Railroad re- ported March quarter net income of $1,651,165, equal to $1.41 a common share, against $1,505442, or $1.28 a year ago. The Atchison, Topeka & Santa Fe Railway system reported net income for the quarter of $1,129,980, equal to 91 cents a share on the $5 preferred stock, compared with & net loss of $1,357,059 & year ago. Net income of the Pennsylvania Railroad reached $5,148,165, equal to 39 cents a capital share, against $2,359,564, or 18 cents a share in the | March quarter last year. Net earnings of Reading Co. during the March quarter totaled $2,049,796, equal after preferred dividends to 96 cents & common share. This com- pared with $1,238,660, or 38 cents & share a year ago. An exception to the general im- provement over a year &go Was pro- vided by the Union Pacific Railroad system which reported March quarter net profit of $1,083458 equal to 4 cents a share on the common, cnm-[ pared with 81,221,030, or 10 cents in the like 1936 quarter. and Equipment RING PORTFOLIOS e WalcottTaylor Co.Inc MILLS BLDG. MEtro. 5846 Investments First mortgage notes, 6% == Washington and near $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years HOW MUCH CAN YOU GET THEN @ 0 you have that sense of security of know- ing how much money your present Life Insur- ance will provide for you a8 & Retirement fund? National Life Insurance Week will be devoted by the members of the Dis- trict of Columbia Life Un- derwriters Association to increasing the productive value of Life Insurance now owned. NATIONAL LIFE INSURANCE WEEK MAY 17th to 22nd See Pages A-13-16 and B-10 for additional questions How to PAY OFF Your Present MORTGAGE OU! Refinancingplan may save you money by reduc- ing the amount of your in- terest costs, and it may en- able you to stabilize your principal payments on a moreconvenient basis. We'll beglad totellyouallaboutit. WEAVER BROS ¢ REALTORS Morttags Loan Corraspmdomt Matrspeltian Life Inmrancs Compony. WASHINGTON BUILDING DISTRICT 9486 This compares with | 15 Backlogs Shrink As Buying Drops At Steel Plants By the Associated Press. CLEVELAND, Ohio, May 18 —Daily Metal Trade today says: Backlogs in most finished steel prod- ucts are beginning to shrink as new buying is not developing in sufficient volume to offset shipments. Pressure from consumers for ton- nage has eased noticeably since the reaffirmation of prices for third quar- ter though in the flat rolled products specifications appear to be coming in at about the same rate as formerly. Semi-finished departments also have experienced little slackening. Threat- ened labor trouble at independent steel | plants may serve to spur specifying in some directions with consumers seek- ing to build inventories against pos- sible interruptions to mill shipments. FEDERAL LAND BANKS | EW YORK, May 18 (#).—Pederal Land | Blnk bonds: NEW YORK BANK STOCKS NEW YORK. May 1R (P.—New York Becurity Dealers' Association (Quotatioas as of 2 o'clock.) Asked. Bk of Man (1'%) > 3402 Bankers Tr (h & H pire Tr (1) Flrst Nat (Bos) () Fira anty Tr (12) TV Mo Manufacturers’ Tt (%) Manufacturers’ Tr pt (2) Nagl City (1) N'Y Trust (5) Bublic_ (1) Title G & T Money for Construction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 We Have the Moflgago Plan You Are Seeking 3 years, 5 years, 10 years, 15 years, 20 years, monthly payment, Free to Executives 16 Bank and Trust Company Statements A reprint of reports of condi- tion of 16 Banks and Trust Companies of Washington, D. C., as of March 31, 1937, which appeared in The tvenmg Star. Invaluable reference booklet. Free on request to Executives and Investors. Ad- dress Advertising Manager, The Euening Btar semi-annual or quarterly—the in- terest rate and fees are very rea- sonable. [SHANNON & LUCHS) Morteage Loan Correspendents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 INSURANCE THE PROPER kind and amount of insurance is vital for FULL PROTECTION OUR lInsurance Department has the facilities for cover- ing all types of risks, ex- cept life We would be glad to discuss with you vour Insurence problems. Burglary—Windstorm—Fire Furs and Jewelry Tourists’ Baggage Liability (all types) Plate Glass—Automobile Workman’s Compensation Randall H. Hagner & Co., Incerporated Real Estate—Loans—Insurance 1321 Conn. Ave N.W. DE. 3600 HIGHER WAGES 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 VERSUS i OFITS Inasurvey covering 60 major industries, Fenner & Beane have analyzed the :elaxionshxp of wages to sales value of product, and the widely varying effect of rising wages, and flexibility of sales prices, upon corporation profits. This analysis, “Wage Costs in Industry,” may be help- ful to investors in arrang ing their security boldings according to the current outlook in each industry. A copy will be sent upon requ FENNER est to accredited individuals. & BEANE Members New York Stock Exchange and other leading Exchanges Southern Bldg., 15th & H Sts. NEW YORK STOCK EXCHANGE P NEW YORK CURB EXCHANGE C HIBBS BUILDING * Telephong « N Nw. National 7000 W. B. HIBBS & COMPANY MEMBERS 'HILADELPHIA STOCK EXCHANGE HICAGCO BOARD OF TRADE BOSTON STOCK EXCHANGE NEW YOKRK COTTON EXCHANGE WASHINGTON STOCK EXCHANGE WASHINGTON, D.C, ational 0540 ézod ;Zzzm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INTEREST COMMISSION 1% 5% Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or five years, without curtails; H. L. RusT 1001 FIFTEENTH STREET interest semi-annually. CoMmpPANY NATIONAL 8100