Evening Star Newspaper, April 17, 1940, Page 19

FINANCIAL. Domestic Loans Hold Steady Course as Foreigns Decline Some Comeback Is Seen At Final Hour, but Offerings Are Small Bond Averages 20 X Today, noon 58.: 2102.8 Prev. day.. 5821028 Month ago. 57.0102.3 Year ago_._ 549 979 1940 high.. 59.9102.8 1939 high__ 6491020 975 1939 low... 534 958 90.4 10 Low-Yield Bonds. Noon_._. 1123 Prev.day. 1123 M'nthago 1124 Year ago. 110.8 1940 high 113.1 1940 low. 1115 1939 high 1126 1939 low. 103.6 *“New 1940 low. (Compiled by the Associated Prest By the Associated Press. NEW YORK, April 17.—Domestic bonds held a steady course with fractional rises in the majority toe day but further pressure weakened most foreign dollar obligations 1 to 38 or more points. Beginning the final hour there was little comeback in the depressed dollar obligations, although offerings continued small. Norwegian loans were weakest in the foreign group, with declines recorded by the 6s of '43, 415s of 56 and 4s of '63. Also retreating were Copenhagen 5s, Denmark 4l2s and Finland 6s. Up slightly were Anaconda Copper 415s, Bethlehem Steel 3!5s, Penn Dixie Cement 6s, Standard Oil (New Jersey) 2% s, Commonwealth Edison convertible 335, Detroit Edison 4!5s, Portland General Electric 415s, Missouri Pacific 5s of "77 “F,” Nickel Plate 4325 and Southern Railway 4s. Backward were Santa Fe 4s of 95 eand Illinois Central 4%s. United States Governments, scattered dealings, leaned lower. Nash Sales Hit Highest 10-Day Peak in 3 Years B the Associated Press. DETROIT, April 17.—Nash Mo- tors reported today that its retail sales of new cars for the first 10 days of April numbered 3,213 units, described as the greatest for any 10-day period since April, 1937. The company’s sales during the first 10 days of March totaled 1,553 and jn the like period of last April they numbered 2917. A continued increase in retail dis- tribution for the first third of April already has been reported by all divisions of General Motors Corp. Most authorities in the trade expect the present sales movement to reach its peak around the first week in May. Last year the top of the spring sales volume was reached in March. English Imports Reach Highest Point Since 1929 B the Associated Press. LONDON, April 17.—Expanded by war purchases abroad, England’s merchandise imports in March soared to the highest total since October, 1929, the British Board of Trade figures showed today Imports amounted to £108.543,354, against British exports of £41.455.815. The heavy import excess was piled up in face of British efforts to ex- pand sales in world markets to ob- tain exchange for war needs, in- cluding aircraft from the United States. The import total compared with £95,638,991 in February and £78,021,- 721 in March, 1939. March exports compared with £37,- 402,395 in February and £41,634,577 in March, 1939. For the first three months imports increased to £308.883947, a gain of £89.817,605 over the comparable 1939 period. Pxports were up only £799,- 730 to £117,928815. (The British pound is quoted officially at $4.0272-3'2. In the New York open market today it was around $3.48.) Part of the increase in the sterling value of foreign trade..it appeared, was attributable to war-time ad- vances in commodity prices. in Two Securities Issues Are Placed on Market By the Associated Press. NEW YORK, April 17.—Public offerings of $10,000,000 of 3% per cent debentures of the Superior Oil Co. were made today by a syndicate headed by Dillon, Read & Co. at 100 and interest. Proceeds will be used for retirement of bank loans and other general, corporate pur- poses. An offering also was made of $2,600,000 of 34 per cent sinking fund debentures of the Chicago Daily News, Inc. together with the unexchanged part of 48,000 shares of new 5 per cent cumulative pre- ferred stock which was first offered to present 7 per cent preferred stockholders. The underwriting group is headed by Glore, Forgan & Co. The debentures were priced at 102%, and the preferred stock at the $100_par value. Proceeds of the financing will be used to redeem the presently out- standing 5 per cent debentures and the retirement of the unexchanged portion of the 7 per cent preferred at the call price of $105 a share, Dividends Announced . April 17.—Dividends an- nounced. Freps Sred by Fiich Publishing Cb. Anu--lnw Stock of Pay- Rate. Hnd.. record. able. ‘Havana Elec & Util 6% 1st ot Am cmm & Cable _ Costeh M- & oo, Ced Rap Mfz & Pw _ Cherry-Burrell cor Coms "Tat Corp Ltd Eastern Shore Pub Svc_ 30.80,01d § Do $6 pfd i rro Enamel e'ddl’!! Mumc Gold 0 3338 Que Shareholders Corp vereien Investors tandard Prod rane Do o' Lior ST 33353 2% 8 1958-63___ 2% 196 - 2%s 19565-60_. 381951-56 ... 8145 1949-62 . 33 ® 1943-45____ 8Yas 1944-46 3% 1940-43 Jun 48 1944-54 13%51945-47 abitibl P&P 6s 63 Antterp is 68 _ Argentine 48 72 Feb. Argentine ¢s 72 Apr. Argentine ¢3%s 48 Australia 4%s 66 Australia 68 65 ___. Australia 58 67___.. Belgium 68 65 _ Belgium 63 ¢9. Belglum 7865 ___ Berlin C El 6%s 59_. Brazil 6%s 1926-57... Brazil 6%s 1927-57 Brazil C Ry El 78 62_. Brazil 8s 41 Breda Ernesto 78 54_ Brisbane 58 57 Brisbane bs 68 Brisbane 6s 50 Budapest 6s 62 Buenos Alres 4%5 17 Buen Alr 438 Aug 76 Buenos Afres 438 5. Bulgaria 7s 67 Bulgaria 7%s 68 Canada 2%s 45 Canada 3s 67 Canada 4s 60 Canadaos 63 ____.__ Chile 6s 60 assa - Chile 6s 61 Jan assd. Chile 6s 61 Febr __ Chile 6s 61 Feb assd .. Chile 6s 61 Sept assd. Chile 7s 42 = - Chile Mtg Bk 6s 62 _. Chilean Mun L 7s 60 Chinese Gov Ry 5s 51 Copenhagen ¢3%s 53_. Copenhagen 6s 52 Cordoba Prov 7s 42_. Cuba 4148 77 Cuba 5%s 45 ——— Denmark ¢%862____. Denmark 65%s 55._. Denmark 6s 42 Dominic 5%s 61 ext Finland 6s 45 __ French Gov 7%s 4. Ger C A Bk 75 50._. Ger Govt 6%s 65 German Govt 7s 49 _. Grt C El Jap 625 50_. Grt CElJap Ts 44 _ Greek G 6s 68 pt pd._.. Haiti 6s 52 Italy 7s 61 Ital Crd P W 7s 47 B_ 1tal PUCrd 78 62 Japan 63%s 65_. Japan 6168 64 Kreug & Toll 5s 59 ct. Lombard El s 52_. Medellin 6 %s 64 Milan 6%s 63 __ New So Wales 5s 58 Norway 4s 63 _ Norway ¢3(s 65_. Norway ¢1%s 66_. Norway 6s 43 . Orilental Dev 54%s Bl Orilental Dev 6s 63 Panama 6s 63 st asd. Peru 1st 6s 60 2 Poland 4%s 63 l!d..- Poland 7s 47. Prussia 6%s 51_ Queensland 6s 47____ Queensland 75 ¢1_. Rhine W E1 P 6s 52_. Rome 614862 Sante Fe Prov 4s 64_. Sao PauloC 63857 Bao Paulo St 78 40._.. Serbs 8562 __ - Shin’su EP 6%s52__ Silesia Elec 635 46 Taiwan Elec 6%s 71._. Tokyo City 6s 62 Tokyo City 6%s 61._. Tokyo El Lt 6353 ___. Ujigawa EI P 7s 45 __. Uruguay cv3%s79 _ Uru 3% -4-435ad3 79 Uru 4-4%-43% 78 Feb_ Westphalia E P 6s 53 Yokohama 6s 61 Alleg Corp bs 44 Alleg Corp 63 49 Alleg Corp bs 60 Allled Stores 43,861 Allis-Chalmers 43 62 Am & For Pw 6s 2030 AmT& T 3%s 61._. Am T & T 3%s 66._. AmT& T 6%s 43 Anaconda db 43%s 50 Armour(Del)1st4s 65 A T&S Feadj 4s95__ A T&S Fe gen ¢s 95_. A T&S Fe 4148 48 A T&S Fe A 4%5 62 Atl& Ch A L bs 44 Atl Const L 18t 48 52_ Atl Coast L 41%s 64 __ AtlGulf & W 16869.. B&O1st4ses B & O 95 C stamped._. B&O 2000 Dstpd B&OPLE&WVa4s51st Bell T of Pa 6348 B__ Beth Steel 3 69 F_ Beth Steel 314352 __. Bos & Me 4% 81JJ_. Bos & Me 6s 65 Boston & Me 55 55 st_ Bos & Me 6s 67 Boston & Me 5s 67 st Bklyn Edcn 33%s 66 Bkiyn Man T 4= 66 Bklvn Man ¢ %= 66 ct BkIn QC&S 1st 5s4lct Bk Qu C&S cn 6841 ct Bklyn Un E 6s 60 Bklyn Un EI 5s 60 ct. Bklyn Un Gas bs 45__ Bklyp Un Gas s 50 ._ Bklyh Un G rf 65 47 Buff Roch & P 67 std. Bush Term cn 68 65__ - Bush Ter Bldg 68 60 .. Canadian NR 443551, Can NR ¢%s 55,_.__. Can NR 68 69 July... Can NR 63 69 Oct... Can NR 6s 70 Can Nor 6335 46 Cent of Ga cn 68 45 _. Cent HudG&E 3% 865 Centof NJ 4s87____ Cent of NJ gen 63 87_ Cent Pac 1st rf 4s & Cent P Th St L 4s 54_ Chi& E 111 68 51 Chi & Erie 5s 82 Chi Ind & Lou 68 66 . Chi Ind & L gen 63 66 Chi Ind & So ¢s 56 - 104 - 105 & Ohlo8%8 63 F Chi Grt West 4869 - Chi Ind & Lou b8 47__ Chi&NW l%l“" C. 2°58. 106.2 108, 107.9 106.27 106.30 108.1¢. 1Ll 11214 109.25 108, 101.6 iow 2:58 53% 65 85 84% 13% 13% 15 13% 5619 57 57w DOMESTIC BONDS. 820, 828 3% T34 44‘: 44 9815 9Rlg 109'% 109 6613 €64 109% 1087 109% 109'4 107% 107H 103% 103% 104 103% 85% 8b% 10474 104% 104 109 109 97 96 6974 69% 5515 55l 2 72 67% 67 13% 1314 26% 26% 30% 30% 26% 26% 56 b6l 116% 116% 104% 10415 110% 110% 45% 45% 46% 46% 45% 45% 46% 45% 45 44y 110% 110 1021 102% 91y 91% 554 564 47% 4T% 104% 91 91 113% 113% Y 100% 100% 101% 101% 101% 101% 102 101% 109' 109 63% 63 84's BdY 7% 15 102% 102% 82 82 108 108 100% 100% 6% 6 108 108 4% 14% 16% 16% 6814 684 62. 62 105% l05% 99‘/« iy THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, APRIL 17, 1940. ChiRI&P cv ¢ %8 60.. Chi Un Sta 8348 61_ Chi Un Sta 3% 868 __ Chi& W Ind 4%s 63_. Childs & Co 68 43 _. CinG & E3%s 87 Cin Un Term 3% CCC& StL gen 45 93 CCCRSIL rf 4 pa 71 CCC&StLCW&M 4891 CCC&StLStL d¢ 4590 ClevEl L1 3%865 ._ Un Ter ¢¥,s 77_. Clev Un Term 63 73.. Clev Un Ter 6348 72__ Col G & B b8 62 May._ Col G & E 63 61 Colum RP&L 48 Comw Ed 3143 68 Cons EAN Y 3%s Cons EA N Y 3%s 56 Cons EA N ¥ 334n 58 Consum Pw 1st !K l9 Consum Pwr 8 Crown C&S 4s 50 CrownC& S4%s 48 Cubas Northn 63%s 42 Crucible Steel 4 %5 48 Del & Hud ret ¢s 43 Den & R G con 4s 36 Den& RG W rt 65 78 Det Ediscn 43 65 _. Det Edison 4%s 61 _. DetTer&Tun 4%s 61_ Duluth SS&Tt1 68 37. Duquesne Lt 8%a 65. Erie cv Erte gen 4s 96 ___. Erfe ref 6s 67 _. Erie ref 63 76 - Erie Gen Riv6s567___ Firestone T 3148 48__ FlaECRy 4%s69___ Fla EC Ry 68 7. Francisco Sug 6s 56_. Gen Am Inv 6852 ___ Gen St1Cast 653%s 49_. Goodrich 4 %866 __ Grt Nor Ry 6 G Grt Nor Ry 4s 46 H _ Grt N Ry 1st 4% s 61_ Grt Nor Ry 6%s562__. HarRiv& P4sb4 __. Housatonic cn bs 37. Houston O1] 4348 54 __ Hudson Coal 6362 A_ Hud & Man ino 6a 67_ Hud & Man ref 6s 57_ I11 Bell Tel 3%s70 B. Il Cent833s 52 11 Cent 4s 53 [11Cent 4% = 66 _. 111 Cent ref 5s 65 ICC&ST NO 415 63 ICC&StL NO 5s 63 A_ Ind Il & Iowa 45 50 _ Indust Rayon 41%s 48 Inland Steel 3% s 61 .. Int R T 1st rf 58 66 Int R T lst rt 6s 66 ct IntRT6s32 _ Int RT7s382¢ct _ Interlake Iron 4s Int Grt Nor 1st 6s 52_ Int Hydro El 6s 44 _ Int Mer Mar 6s ¢1 Int Paper 1st 68 47_. Int Paper ref 6s 65.. Int T&T 4%s 52 Int T&T 6s 65 _ Jones & L Stl 4%s 63. Kans C FtS&M 4536 Kans City So rf 6s 50 Kan City Term 4s 60. KansG & E 418 30 Koppers Co ¢s 51 Laclede Gas 5s 39 Laclede Gas 55 53_. Lautaro Nitrate 76_.. Leh C&N 6%s 54 Leh Val C 6364 std_.. Leh Val C6s 64 std . Leh V N Y 1st 48 45, L V RR con 4s 2003 L V RR 48 2003 ase L V RR 4352003 asd L V RR 65 2003 asd LVRR 552003 asd rg- Libby McN&L 4s 55_. Ligg & Myers 78 ¢4__ Loew's3%48 46 __ Lone Star G 3%s53_. L & Nash 3%s 2003 _ Louisv G&E 31,8 66_. L&N 4152003 L&N6s2003B McCrory Strs 53 67 MeKesson&R 518 50 Manati Sugar 4s 67 _ Market St Ry 78 40 _ Mich Cons Gas 4s 63 Mid RRNJ6s40 _ MStP&SSM cn 4s 38 MoK &T 4%878 Mo K&T 6562 A __. Mo K&T ad)j bs 67___. Mo Pac 53 65 Ao Mo Pac bs 77 F.. Mob & Ohio 438177 Mob & Ohio 4%s 77 ct Mob & Ohto 6338 Monong P8 41,360__ Mont Pwr 3% s 66 Morris&Es 31%s 2000. Morris & Es 4%s8 65 Morris & Es 63 55._. Nashv C&L 4s 78 Nassau Eiec 45 51 Nat Dairy 3% s 51 ww Nat R M 4s77asst__ Nat Stee) 3s 65 New Orl G N R 53 83_ New Orl PS 6565 B New Orl Ter 1st 45 53 New Orl T&M 6% s 64 N Y Central 3%s52__ N Y Central 3148 97 N Y Central 3% s 46. Y Central 4s 42 _. Cent con'4s 98 _ Cent 4148 2013 Cent rf 532013 _ YC Mich C 3143 98", Chi & St L 4s 46 Chi&StL 4%s 78 C&StL5%s74 A. Conn 18t 4148 53. Conn s 53.. X b ¢ X 2222222227 P e L R Dock cv 68 47 Edis3%s65D _. 2222222222227 Niag Sh6%860 ... Norf Southn 6s 61 .__ Norf & W 1st 4s 96__. North Am 3%s 49 _ Nor'n Pac gn 3s 2047 Nor'n Pac ¢s 97 Nor'n Pao ¢ 4s 2047_. Nor’'n Pac 6s 2047 North Sta Pw 3%s &7 Ohio Edison ¢s 65 __. Ont Pwr Niag 68 43__ Oreg RR & N 4i Oregon W RR 4s61__ Otis Steel ¢%4862__.. PacG&E3%s6l.... PacG& E4n6s . Pac Mo 1st 4s38_____ Pac T&T 333 66 C. Panhand E T 4s 63 Parmelee 65 44 _. Penn Co 4552 B Penn Dixie C 65 41 A Penn RR gn 4 148 6b . Penn RR db 4348 70.. Penn RR gen 68 68 __ Peoria & E 1st ¢s 40_. Pere Marq 68 66 E Phelps Dodge 3%s 63 t*hila Co 6s 67 - Phila Elec 3348 - Phila RC& Ir - Philippine Ry ¢s 37 Phillips Petrol 3s 48 PCC&StL 44843 B._ 5 104% 56% 9 % 9 110% 108% 994 27 107% 24% 24'4 624 105% . 102% 94y 1081 995 67 5415 109% 107% 105 A 111% 106% (3 111% 113% 8% 8% 111% 111% 104% 104% 108% 108% 5 84% 98y 98 9748 97% 117% 117% 102% 102% 89 8RRy 109 109 663% 66% 67 6T% 111% 110% 105% 106% % 110% 110% 106% 106% 10% 106% 111% 1104 108% Pitts&W Va 4248698 51% 51% 651% BONDS ON N. Y. STOCK EXCHANGE By private wire IIN“ to The Star. " E ASURY. High Low 105.11 105.11 1056.11 103.28 103.27 103.28 - 106.2 106.2 108.1 107.9 107.9 106.27 106.27 106.30 106.30 108.11 108.11 1112 1111 112.14 112,14 109.25 109.26 110.16 110.14 110.14 101.6 1015 114.28 114.24 114.24 HOME OWNERS' LOAN. 101.30 101.30 101.30 FOREIGN BONDS. PItt&W Va 43 Port Gen El ¢ % Porto Rico A T Porto RA T 6s 42 st.. Postal Tel & C 68 63.. Pressed St] Car 58 51. Pub Sve E&G 85 2037 Pub Bve N 1113348 68. Purity Baking 58 48._. Reading Jer Cds 61.. Reading R 414897 A_ Fem R'd ¢%8 66 ww Rern Rand ¢%s 66 xw Republic 8tl 448 66_. Republic Stl 4148 61_.. Republic St1 6%s 54... Revere Cop 4348 56__. RioG W 1st 48 Rio G W col ¢s 49 Ssguenay Pw 48 St L PANW 68 48 St L-San Fr 48 60 A_. St L-San Frésboct.. St L-San Fr ¢%s 78 __ StL-SF4k%s 8 ctst. Bt L-San I StLS W 1s =g St L South Wn 68 62_ St P M&M 48 40 - San A&A Pass 48 43_. Schulco 6%s 46 A _. Schulco 6% s 46 B Schulco 634 s 46 B stp Seabd A L 48650 stp__ Seabd A L rf 48 59 Seabd A L rf 4859 ct. Seab'd A L con 68 45_. Seabd A F 6535 Act_ Shell Un O1l 2% 6 Simmons Co 4s Socony Vac 3; So Bell T& T 9 So Bell T&T 3%s 62 Southn Cal G 4 %: 61 8outhn Kraft 48 46 2 222% 2224% 2224% 109% 109% 109% 104% 104% 104% 56 B5% B55% 68 B87% 67w 102 101% 101% 100% 100% 100% 98 97% 108y 102% 83 1% 4% 24 13% 12% 12% 12% 65 20% 98 63% S0 Pac 418 68._ So Pac4%s 69 _____ So Pac 4% 81_ So Pac Oreg 4 %8s 'l'l‘. So Ry gen 48 56 A, So Ry b8 94 80 Ry gen 62 66 So Ry 6%3 66 So Ry St L div4s51_. S W Bell Tel 3165 64 Stand O1l N J 2%s 63. T'r RR As StL 48 63 as & Pac6s 77 B.. 2000 Third Av ref 45 60 __ Third Ave 1st 6537__ Third Av ad) 6s 60 _ Tide Wat O1l 3348 62. Union O11(Cal)3s 59_. Un Pacifio 3%s 71 Un Pacific 18t 43 47.__ Un Pac ref 4s 2008 Utd Cgr W Strs 58 62. United Drug 6s 63 __ U S Steel 3% s 48 % Utd Stkyds4 i, s51ww. Utab Pwr & Lt 6s 44 VaEI&P3%s68B__ Va Ry 1st 3% 66._. Wabash 18t 65 39__._ Wabash 2d bs 39 Wabash 6s 76 B._ Wabash 6%s 75 Warner Bros 6s Warren Bros cv 6s 41 Westcht L gn 3%s 67 W Pa Pw 1st 55 63 E_ West Sh 1et 4= 236 West Va P&P 3s West Md 1st 4s 6 West Md 6%877. West Pac 5. A West Union 4%850_. West Union 68 61.. West Union 6s 60 Wheel Steel 4 %3 66 __ Wilson & Co 3% s 47_. Wilson & Co 4s 65 Wis Cent 1st gn 45 49 Youngst'n S&T 48 43 Youngst'n S&T 4s 61. w'm 109% 108 u\. 105% 105% Bulle-Resistant Tubes Sold by U. S. Rubber By the Associated Press. JERSEY CITY, N. J,, April 17— The United States Rubber Co. dis- closed today a newly developed bullet-resistant, self-healing tire tube was being sold to foreign armies with the approval of the War and State Departments. F. B. Davis, Jr., president, told slockholders at the annual meeting the tube was believed to be “far superior to anything of its kind” in army use abroad. Davis declared that the tube in a test lost little of its air despite penetration by 29 rifle bullets of .30 caliber. One of the objectives of the Fed- eral authorities’ approval of the foreign sale of the tubes, Davis said, was the establishment of “factory facilities necessary to any emer- gency production for War Depart- ment vehicles.” He also revealed that the War Department had authorized the sale of the tubes to law enforcement agencies and recognized armored car companies engaged in the trans- portation of money and other val- uables. Potomac-Edison Power Re-elects Officers By the Associated Press. FREDERICK, Md., April 17.—The Board of Directors of the Potomac- Edison Power Co. re-elected all of- ficers at a meeting here yesterday. They are: R. Paul Smith, president; Henry Holzapfel, jr.; G. E. Humphrey and M. E. Stultz, vice presidents; R. E. Town, secretary-treasurer; Paul S. Michael, assistant secretary treas- urer; O. E. Martin, W. K. Dunbar and H. H."Briggs, assistant secre- taries; G. T. Swisher, controller; B. A, Wmebr:ner assistant controiler, Three new board members, Wil- liam B. Bennett, Robert B. Carothers of Frederick and J. Glen Beall of Frostburg, also were named. The company, a subsidiary of the American Water Works Co., gen- erates and distributes elecmdty in portions of Pennsylvania, Western Mi;gzla.nd Virginia and West Vir- ginia, New York Bank Stocks NEW YORK. April 17 (P.—Inv Bankers Conference. Ino. o estment Bk of Manhatta; Chase (1.40) WEESEy o103 uin S ovonca S0z s tiesNet e sty W N Y Trust (5)° Title Gulnnky & Trust_. 8 Also extra or extras, U. S. Treasury Notes 1n Sohars and telety-se man_m"“;'émf Fty-secon ¥o fate, 3 .:mo M T Asked Sield, W 4 ®FFEE ESEFS ; iors! peshieet -t R s 154 % March! 1045 on 0 i2es i) United Light Gets | Permission fo Buy Own Debenfures Company Authorized To Spend $505,175 For Purpose By the Associated Press. The Securities Commission grant- ed permission yesterday for the United Light & Power Co. to spend $505,175.37 on the purchase of its own outstanding debentures. Since January 23 United has spent $324,42952 in the purchase of its own debentures and deben- tures and preferred stock of United Light & Railway Co., a subsidiary. These purchases were made un- der an 8. E. C. rule germitting hold- ing companies to buy up a maxi- mum of 1 per cent of the total amount of each class of their se- curities without permission of the commission. Having reached that limit, United was required to ob- tain S. E. C. approval for additional acquisitions. To pay for the debentures United proposes to spend the remainder of $829,604.89 obtained from the sale January 23 of the securities and accounts of the Chattanooga Gas Co. and Fayetteville Nitro Gas Co. The commission explained that United could purchase its own de- bentures at a discount and conse- quently would derive a net profit. Washington Produce BI UTTER—93 score. (ubs prints, v 1-pound 01 30307 5% Z4-pound pri q 1-pound prints, -pound prints; K score. tubs, 1-pound prints, 28 Ya-pound prints, 283, LIVESTOCK——Calves, 101%; 120-140 475 d: 5. lambs, 10: - 140-160 0_pounds, 5.00- 4.75-5.00: SOWS, 25; whole undressed calves. 10-11. . Washington.) barely steady. Prices Federal-State graded esgs re- Geived from grading stations (April 17): White: . extras, large, %2 U. 8. #raded eggs b i LIVE POULTRY: Golored. all sizes, Leghorn: ens 2l s ware Rocks fryers, Chig s and fryers, . 11-13. D and ‘crosses Brgilers all sizes, 18-19: No. unds and’ up. 13 “Turkeys: OId. toms, Guinea keats Youns, 13 pounds ‘and up, 16 a pound: old, Olher Markets. LOR! ugs avocados; 23 lu T ouene] bhsset squash. = TH CAROLINA—40 5-peck baskets bushel dishes. 1 _basket, ishes. i MILHIL:ANAJ'A 55-pound cartons rhu- IDUXSVILLE—I 2 barrels (hidoll mumrofl - und baskets Puwan\mu— S0 3-pound baskets mushroo) pound _mushrooms, —34 craves mixed rLEB Market thld Jushel and. 1 buncl Aot ARy, Bushel baskets land, Pennsyiv wtl' , Delicious, = -a. 2iz-inca minimum, 1.i6- inCh minimum, 155t 140, Yotke murp. $0-1.0 -ioch min- “e-inch’ minimum, 1.00- minimum, 1.15-1 Bushel’ boxes ana’ cartons, Pennss) Virginia ana_West Virginia, 8. Paragons, 113s- 1208, 130 1p07Les; somes 725-100s. 1.5 Deiictous, 1.80-1.00. "No carlot one OIOKEn CAr On track. ATOES—OId stock: Market steady. one New York arnvea; seven broken and ten unbrogen cars on track. 10u-pound sacks. U. . No. ireen Mountains. Sixe . KAlanuis ana ChIPpewas. minimum, YorKk, Pennsylvania, round New siock: Market dull. | one broken car on track. crales. Buss Triumphs, U, 8 irket steads. No carlot one broken car on irack., EXpress receipts light. South Carolina, pyramid crates dozen bunches, green: Colossals I 0; choice, 1.00+ 25. fancy. 1.5 Supplies 5. BBS=1005, rivals: POT, ch Tound arrivais; Market, steady d California, flats, 1. CABBAGL—Markel steady, N Carlot arrivals; one broken car on track. Truck Ieceipts very light. ~Florida, truck receipts, 1}a-bushel hampers. domesti 3 bl e omestic round type, Five = Florida Voc moderate. “L‘_fi“fl‘" dull e i tWo broken and six unbroken cars on track. Florida, Florida standard and ihdbch crates, trimmed tops, individually washed, 2'2-10-dozen. 1.25-1.75; few 2.00: mostly '1.50. vEEETS CMirket steads. No caslot ar- roken car on tracl Balt-crates bunched, 1.25. Tery CAULIFLOWI -Market steady. carlotarrivals: one broken car o’ trasl California, pony crates. 2.00-2.15. ARROTS—Market steady. One Texas three broken and one unbroken farspon track. California. L. A. crates, bunched. LETT! Oon - fornia ‘arrived: four broken ang gne®an broken cars on track. Arizona. L. A. grates Ieers Jype. mosluy orginary 1o a ition. best mostl ; 3 L hgren, 4.25-4.75 st necter IS—Market siightly st New York arrived: one. broken ad ohe {pbroken cars on track: 50-bound s Xe, 1. vellows. Michigan, New Yorl ind Vel Spanish, inches nnd larger. K 3 Marke sicady ‘Mo carlot ar. Do cars on track. Supplies ve orids, bishel hampers, “ smailr Dodded varietis, T Sualh STRAWBERRIES —Market slightly weak- carlot arrivals: no cars on track. Fruck recoipts lisht, Florida, 36-pint crates, Lawtey section, 10-10'; per pint: Plant Iy, “verripe, 8 00528 Ber Bimte; Tant isiana. 11 per pint. SWEET = POTATOES—Market _steady. Truck receipts moderate. North Carolina and Virginia. bushel baskets Nancy Halls, 80-00: Porte Ricans, 90-1.00 MIXED VEGETABLES—No carlot ar- rivals: one broken and one unbroken cars on track. — Correction. Tuesday's report should have read one broken and one un- broken cars o track. SNAP BEANS—Market steady, lot arrivals: two broken cars on track. Truck receipts liberal. Fiorida. wide range in, condition._ bushel hampers, s, 72 Ppoor conditior. 2.00- Fro Black Veientines. mostly acmmnd A BEA! NS—Market steady. lsht. Bushel hampers: “EGGPLAN' i Cuba, 3.00-4 b bes Quote. PEP) very Tight > Cuva fair_quality. 4 A artre UC E—Muket steady. Thva No car- 00: Ten- Jeceipts, Binpites Florida, %00- insuficient to steady. Buppli b Crates, sreen, Tl steady. Truck re- Florida, _bushel “nampers, White wrapped. 1.25-1.50, few high as 2.00; yellow. 150-20.4()‘ s CUM: arket steady. | Truck receipts_light. Flor ushel baskets, Best 450, “Tair auafies: 1.’OM \TOES—Market stronger. Supplies very light, cked, 10;pound, con- e 2,50: 1alr quality, 2. 28 Teceipts lights North é-runm' bushel. baskers: TURNIP GREENS AND RAPE—Market steady. =~ Truck receipts very light, Vir- sinia, Norfolk section, bushel 1 Deskets, 5 arket steady. arby sections o Maryiana sad°Vireiaia, basact baskets, 50. s ACH—Market sllld! arrivals: one broken car on track. Truck pecelpts light. Nortoik. section Vireinia. bushel (Daskets, Bavoy type, spring crops, thers, HROOMS—Maryland and Pennsyl- 3-pound Dbaskets, 15-60; mostly IGES—One Florida arrived; three broken and five unbroken cars on track. Relief, no carlot arrivals, three unbroken Florida. standard boxes, wire-bound boxes, nd size. m——flol’ldl standard boxes, 300-400 wire-bound boxes, 2.25-2.75. aa de and size o oNG sthndard boxes, No. 1. 4.00-4.5¢ 0. 00-3.50, as to size. ‘One California lrfl"fl. two unbroken No carlot cars on track. crates. 1.75-2.00. Cubs, 3:00-3.28; Puerto Rico, 2.50. .00, T ntine, lugs. various va- T ins Wimajes. 1.50-2.00 per 100. DroKeh Gar -on ITREk. . AlDATS, CraieE. 75-90; bunches, 1.25. FINANCIAL. NEW YORK CURB MARKET By vrivate wire direct to The Btar. Stock and Bales— Dividend Rate. Add 00. High. Low. Acme Wire .25e__ 50s 22 22 Aero Sup A 1.50... 121 AeroSupB.20g.. 1 b% 5% Alr Assoc’(.50) - 3 13% 13% 18% Afr Invest war .. # Ala Power pf (7). lOI 106% 105% 105% Alum Co Am (1e) 450s 190% 1881 190 Alum Co pf (6).. 1508 117% 117% 117% Alum Industris 50s 8% 8 Alum Ltd (1.60e) 503101 101 101 Alura Ltd pf (6). 100s 108 108% 108% 5 Tw T % Am CP&L(A) 3h Am City P&L(B). Am Cynam B .60. Am Export .25 Am Gas & El 1.60 Am General. ... Am Gen pt (2)._. Am Laund M .80 Am Lt&Trac 1.20 Am Pot&C 4.75g- Am Superpower_ Am Thread pf .25. Arctur Rad T (r). Ark Nat Gll Ark Na ArkP & L pf (7)- Art Metal W .15e. Ashland O&R .40. AssocT&T (A)- Atl Coast Fish Atl Rayon (.10e). Atlas Corp war Atlas Plyw'd .625 Aviation & Trans Babcock & W.20e. Baldwin Lo war.. Bardstown Dist. Bath Lron Beech Afrcraft Bellanca Afrcraft Bell Afreraft __ Bell Tel Can (8).. Bell T Pa pf 6.50_ Berk & Gay Fur.. Berk & Gay war_. Bickfords (.60e) _ 350! Bickfords pf 2.50. 100s 10s 120 120 120 258114 114 114 17 % L h h 14 14 39% 39% 19 18% 1% 14 39% Bourjols (1g) Brazilian TrL&P. Breeze Corp 60g. Brewster Aero Bridgp't G&E (2) Bridgp't Machine Brill (A)._. Brill pt Brit-A T br .258e. Brown €o pf (r)_ Brown For Dist. 6% Callite Tungsten. Can Col Alrway, Carrier Corp Carter(JW).15e Casco Prod (1 Catlin (Am) _ Celluloid 1st (2k) Cent NY Pwpf 6 Cent & Sown Util Cent States Elec.. Cent St E 6% pt_ Chi Flex S (5a) .. Chi Rivet (.25e)_. Citles Service Citles Service pf.. Cities Sve pt (B). CitiesSve P& L. pL (6) 13.50k _ City Auto Stpg.60 Clayton & L .10g _ Clev Elec 111 (2a) Clev Tractor _ Col Fuel & | war. Colts Pat F' A (2) ColG & Ept (5). Comwith & S war Com P&L 1st pt Comt'y Pub S.65e Consol Biscuit__. 'ons G&E Bo 3.60 Consol Gas&Eles Balto pf B 4.50. Cons Steel Corp ContlG&E pr pf 7 Cooper-Bess Coop-B prpf2.25k Copper Range _ Cornucopia Gold. Cosden Petrolm.. Creole Petr .50a._. Crocker-Wheeler. Croft Brewing... Dayton Rub .25 Decca Rec .60 . & 447 82% 119 19 119 2 6% 6 6 821 Duro-Te! Eastn G&F 6 pt. Eastern States__ EastnStspf A__. Eastn Stspf B Easy W (B).125¢ Elec Bond & Sh Elec B & S pf (6) Elgin Nat W .25e Emp G&F 8% pf_ Emsco Derrick. .. Equity Corp..._. 14 Equity cv pf (3). 50s Esquire (.60) ____ 1 Fairchild Avia_.. 2 Falrchild E& A_. 15 Fansteel Metal Fla P&L pf 3.94k Ford(Can)A(1).. Ford Lta (.16g)-. 100s 65% 4 % 24% W% 10% 5"‘ 4% 10% 5% 14% Fuller pf (4)_. Gen Invest._ Gen Sharehold. Glen Alden .125 Godchaux A (2)_. Godchaux (B) _. 10 Godchaux pf (7). 10s 102 102 102 Grand Rap V .40_ 1 T % T4 G A&P 1st pf (7). 2008 12814 128% 1281 Grt Nor Pap .60e. ]50! 4T% 46 Greenfield T & D_ 10 10 Gruman Afr ____ 231 Gulf Oil of Pa(1) 36 Hall Lamp (.60e) 12 Ham’ermill .2! 30% Hecla Min .1 6% Hires (CE) ..60e_ 21 Hoe(R)& Co A 9% 13% 34% 6% 508 1llinois-1a Power. 111-1a Power pf _ Ill-1a Pwr div et. InsCo N Am 2a . Int Indust (.10g) Int Pa&Pwr war_ Int Petrol 1.60a . Int Safety Raz B. Int Utilities (B). Int Utll pr pf 3.50 Int Vitamin (.30) Iron Fire vte 1.20 Irving Air Ch (1) Jacobs Co Le Tourneau (1). 8 Lipton pf (1.60).. 50s 20 Lgcke Steel 1.20._. 1oo- Lone Star .20e. l.onx Isi Ltpt B Land&Ezx .10e llswul‘mlbndl 601166 165 165 4% 4% 4% 2 3% 3% 3y 68 27 27 27 % % 8% 5 8% 8% 68 68 8% 94 Mer & Mfg A .100 M & Mptpf (2a). Mesabi Lron - Mid St Pet B .10e. Mid West Corp . Minn M & 8 .60e_ Molybdenum 25e Monarch M 60e._. Moore(T)Dis(r) .. Mount City C. Mount Prod (.60) Murray (0) .25e. Muskogee. Nachman Sp .50e Nat Auto(.40e)__ Nat Bella NatCity L. Nat Fuel Gas (1). NatP& L pt (8). Nat Trans (.85g). Nat Tunnel&Min. M'!d'nfl Rate. Md 00. fl.llh. Nat Union Radio 3 Nehi Corp new wi 1 13% NEPA 6% pf(3k) 200. 67% New [dea (.60) ... 141 N J Zino (.60e) 800' NY Shipb'g tdsh. 11 NY Water Sve pf. 50s Niag Hudson Pw. 11 Niag Hud A war. 5 Niag Hud B war.. Niag S Md B .25g. Niles-Bem-P .60 Nor Am Lt & Pwr 1 Nor Am L&Ppt 50s 95% 951 N A Rayon A .50e 1 24 24 24 NIPS 7% pf 1.75k 140s 11314 113 113% Novadel-Ag (2)-. 1 34% 34% 34% Ohio O1l pf (6) ... 100s 1064 106% 106% Okia Nat Gas.25¢ 9 204 19% 20% Okla Nat G pf(3) 10Us 49% 49% 49% Okla NG evpf 5.50 25- 116 116 116 Oldetyme Dist... 110 3% 3% Omar Inc 1.50g... 650s 8 8 Pac Gas & Elec 5% % pt 1.375_. 1 Pac Gas6%pf1.60 Pantepec Oil...._. Pennroad _ Low. 2:58 kel % 13% 67% 14% 64 22 25% 5% * bl 4% 6914 1 2 1 1 6 s 30% 34% 5% 30% 30% 34% 34% 44 b 2 1% 2 21% 21% 21% 1% 1% 1% - 25l 175% 175% 175% 143 14% 4% 1% T 104 Penn Salt (2e) Phoenix Secur... Phoenix Secur pf 8001 Ploneer Gold .40 6 Pitney-Bowes .40 6 Pitts Forg (.25e). 1 Pitts & L £3.50g. 80s 56 Pitts Metal .25e_. 2 13% 13% 13y Pitts P1 Gl (1e)-. 1 103% 103% 103% Potrero Sugar 3 % « 1% TA 10 5512 ‘d% 1% 4 4 23% 23% 1 8 8 # 83 511 98 98 22 22% 608 117% 11734 11735 150s 11 11 11 6% 6% 104 104 Premier Gold .12 Press Metals .25 Producers Corp._. Prudential Inv_ Pb Sve Ind $6 Df. P8 Ind $7 pr pt Pug S'd Pulp .50e Quaker Oats (5)._ Raym'd Concrete Republic Aviat'n Roch G&E pf D 6 Rome Cable 20e 2 107% 10% 107 Rustless 1&S .15¢ 4 14 14 Ryan Consol = 2 2 St Regis Paper 106 37 St Regis Pap pf_. 5508 4% Salt Dome Ofl __. 41 8 Samson United _ Sanford Mills 3g_ Scovill (.25e) Scullin Steel war. Segal Lock . Sel Ind pr pf 6.50. Sentry Saf Con Shawin W & P.90 Simmons H& P.. Stmplicity Pat__. Singer Mfg (6) Sonotone (.05e) .. So Penn Oil 1.50_. 1 39% South'n Un Gas .. 2 So’'land Roy .05e_ 4 Spalding 1st pf 208 Stand C&S (1.60) 6 Std C&Scvpf 1.60 100s Stand Invest pf _ Stand Ol Ky (1). Stand 0110 (1) _ Stand Stl Sp .50e. Sterling Alum___ Stroock & Co ___ Sup Oil of Cal. Taggart _ - 5% Tampa Elec 2.24. 301 Tastyeast (A)_ n Technicolor 15% 15 Tex P&L pf (7) .. 20! 113 113 Tilo Roof (.55a) . 3 14'2 14 ‘Tob&A Stks 3.40g 100s 583, 58% Todd Shipy'd .75e 100s Trans-Lux (.10e) 1 Tubize Chatillon. 2 Tung-Sol Lamp .. 1 Udylite (.10e) _ 25 Unit Airc't P .10 3 Unit Chemical . Unit Cgr- Whelan United Gas - United Gas war._ Unit Gas pf 2.25k Unit Lt&Pwr (A) Unit Lt&Pwr pf_. Unit Profit Sha Unit Sh M 2.560a Unit Sh M pf 1.50 Unit Specialties_. U 8 Foil lBJ (— U S Lines USPlywd. SOG U 8 Plyw pt 1.50. U 8 Rub Reclaim Univ Prod (.40e). Utah ldaho Sug.. Vaispar Corp .. Valspar pf (1k Vao Norman .40e 2914 Va Pub Serv pt__ 75 Waco Atreraft . 2 5 ‘Wagner Bak pf 7. 4 Wellington il 2y Western Air Exp T Wichita Riv Oil_. 5“ Will'ms (RC) Wright Harg.40a. 7 s £In pankruptcy or recelvership or beins reorganized under the Bankruptcy Act. or securities assumed by such companies Rates of dividends tn the foregoing table are annual disbursements based on the Iast quarterly or nnual _declara- tion | nless otherwise noted. special, of extra dividends are luded a Also EXirh Of extras -4 Accumuimied dividends paid last year Declared & 8% 511 4 % % 16% 4 16‘1 4% ey 143 143 24 39y 31 65 16 14% 224 101 2002 354 328, 85 101 34y 515 300 ks "Uslll 1 2 2 391 3y 61 16 131 224 101, 201, 35 32% 8y 104 34y 51y 304 n 35% 328 87 101, 34% 15 113 141, 583 85‘. # 72 434% 6% 6l 41y 281 851 4 22 1 15 | 2612 last h Cash or stock lated gnvm (s oald or declared this ¥ r ww With 'lrunll Advertising Campaign For Electric Irons Wins By the Associated Press. PHILADELPHIA, April 17.—News- paper advertising by a Philadel- phia electric iron manufacturer was so productive in slightly less than a year that it won the concern, cy, the Howard G. Ford award for “outstanding contribution to the science of distribution in 1939.” This was announced at the 30th annual dinner meeting of the Sales Managers’ Association of Philadel- phia, The winners are the Proctor Manufacturing Co. and its adver- tising agency, John Falkner Arnot & Co. The award was based on a scientifically planned and presented sales program, with the bulk of the advertising going to newspapers. The program was credited with increas- ing the manufacturer’'s production 92 per cent and wages 128 per cent. Atlantic Coast Line Shows $804,074 Net By the Assocrated Press. RICHMOND, Va., April 17.—The Atlantic Coast Line Railway report- & | ed yesterday net income of $804,074.32 for 1939, compared with a deficit of $1,858,450.15 in 1938. Wilmington, N. C., reported to the operating revenues for 1939 amount- ed to $47,000,287.24, a 6.65 per cent gain over operating revenues in 1938. 0perncmg expenses in 1939 were cent. with other officers. Merchants Must List Stock to Get Licenses k) Merchants applying for business licenses in Prince Georges County, Md., were warned today that they must make affidavit as to the amount of stock on hand, as re- quired by Maryland code. In a letter to Brice Bowle, clerk | 3 of the Circuit Court, Frank P. Brat- tem, chief inspector of State licenses, pointed out that the regulation has not been compiled with in many President George B. Elliott of | annual stockholders meeting that | g, 1t $36,671,780.15, an increase of 3.32 per i President Elliott was re-elected | . T-19 Sheet Steel Price Cut Brings Setback in Rising Demand Movement May Start Moderate Buying Wave Eventually, Trade Feels By the Associated Press. NEW_ YORK, April 17.—Imme- diate effect of the surprise price re- duction on sheet and strip steel was a setback in a mild seasonal ime provement in demand, Iron Age said today in a weekly survey. “The fact the lower prices are sub- Ject to withdrawal at any moment,” the review added, “may eventually stimulate a buying movement of moderate proportions, though noth- ing approaehing the enormous cove erages of the ‘bargain days' of May, 1939, is expected because, for one thing. inventories in the hands of consumers and warehouses are much heavier than they were at that time. “The new base price of 190 cents & pound on hot-rolled sheets is $6 a ton above the low level reached 11 months ago.” Industry Off Guard. The cut in quotations, first an<: nounced by United States Steel Corp. subsidiaries, caught the ine dustry almost completely off guard. “In previous acute price weake ness,” the review declared, “rumors of concessions have preceded formal price reductions by periods of at least two or three weeks, but in this instance action was both swift and decisive, once it became known price concessions had been offered. “* * * The leading producer met the situation with more promptness than has been customary in the steel trade, Coverages for Export. “The affect on export prices, which v:ore advanced at the beginning of this month, is yet to be determined. There was heavy coverage for export at prices prevailing before the ad- 12| vance, and in the circumstances 8 temporary lull would have been ex- pected. Nevertheless volume is still good, with indications that more active warfare may create new de« mands from Europe. “Exports shipments are hampered by a lack of sufficient boats. Steel and scrap are piled up at Atlantic and Pacific ports awaiting shipment. Scrap prices along the seaboard are weak as a result, interior there is a little stronger feeling. A slight upward adjustment at Chicago raises the Iron Age scrap composite price 4 cents to $16.08, the first move upward since Oce tober.” Ingot production for the industry gained a point to 62 per cent of. capacity. Baltimore Leaf Market ‘|Sells 31 Hogsheads Special Dispatch to The Star. BALTIMORE, April 17.—A total of 31 hogsheads of Southern Mary- \ land tobacco, or 18,465 pounds, were sold on or through the Baltimore.’ | market during March, according to a summary of reports from selling | agents. The average price received for the product was 01323 per pound. In the previous month the total was 45 hogsheads, or 27,090 pounds, and the average price was 0.05 per pound. Sales in March of last year were only 2 hogsheads, or | 1,285 pounds, and the average price was 0.045 per pound. 200 Tons of Lead Sold NEW YORK, April 17 (#)—St. i.loseph Lead Co. reported 100 tons . | of Southeast Missouri pig lead sold vesterday at $5.15 per 100 pounds New York, and 100 tons at the New |York average. No sales for East St. Louis, quoting $4.95. Curb Bonds DOMESTIC. Ala” Power 4755 67__ Am P & L 65 2016 Apvalach E P ds 63 Appal P 6s 2024 A Ark P & L 3 B8 As T & T 5'as 55 A_ All Oas Lt &1z8°55 Bald Loco 50 c B Beth Steel As6 9% Birm E! 4125 68 Can Nor Pwr 55 53° Gan, Bac 65 42 t |East G & P together with its advertising agen- | Edis, ‘ed 30 3 > 533 22000 £E3H &, S o0Rm155D D! i DO WO SEEEE - S00aD-1>> & L 58 55 Nevld ol K B [1R New E G&E 5s New E G&E 3¢ 30: New E Pw 5 New E ERER 2833333335 S FEES SHET 13 R32833332333543883533 B DO555DDRBIDDDDDwD: AR A RRD AN DAB DB FESESE I8 SRS 220005 2383232823 .__ 22222t : FEE SRR o BB R DD BRI, FESIS FE o) SES FF S8R pEx oSS nonrnaaaatn soonnn S A0S rEEEt ettt e b St e Ea3Saton nanaalt: 523332 Pied E1 6%s 60 A ___ 44 3% 43 Tait B everepe’at 3 peirs ww With waracte 3w Wit war- rante. o New 8 Gip) Slamped. Newotiability impalred by maturity, Federal Land Banks NEW YORK, 17 .~ 1 N o Avpril Federal Land = A though in the - oIS g R g R e