Evening Star Newspaper, April 18, 1940, Page 20

A—20 ¥¥¥ Telephone Stations And Calls Mount In First Quarter Survey Indicates Notable Business Gains in District By EDWARD C. STONE. Average daily telephone calls handled by the Chesapeake & Po- tomac Telephone Co. in the first quarter of the present year scored sharp gains over the like months in 1939 and the number of telephones | in service also revealed sizable in- creases over the corresponding months last year. Using the figures as business activity barometers, they inaicate steadily improving conditions in Washington in the first quarter. Average daily calls in February reached the highest point of any montn in the company's history. The March figures were nearly as high. Crossing the million mark in average calis has come to be the rule rather than the exception. In 1938, it happened only twice in the whole year, in 1939 in ten months and so far this year in every month. Comparisons with last year follow: 1940 1939 -1,162.923 1,085,156 Februar -1,168.653 1.057,601 March 1166232 1,057,540 The number of telephones in serv- ice in the first quarter this year compares as follows with the first three months of 1939: January 1939 January 241,261 February _ 242,527 March 258,548 243,881 Baldwin Heads Underwriters. J. Hicks Baldwin of the North- western Mutual Life Insurance Co. was elected president of District of Columbia Chapter, Chartered Life Underwriters, at the annual meet- ing held at the Cosmos Club, it was announced today. He suc- ceeds H. Coch- ran Fisher. J. Alan Ma- phis, Equitable Life Assurance Society, was| named vice| president; John | B. Cleland, jr.,| Penn Mutual, chairman of Pro- | J. H. Baldwin. gram Committee | end annual dinner, and Richard W. | Griswold, Guardian Life, secretary | and treasurer. Roger L. Baldwin, general agent, Northwestern Mutual, led a discus- sion on “Service Opportunities for Life Underwriters to the Public.” On account of the large number of‘ policy cnanges in recent years, he believes underwriters can render great service to policyholders by giv- ing information on rights and op- tions under present contracts. ' D. C. Bankers at Baltimore. A large delegation of Washington | bankers are attending the Eastern Regional Conference of the National , Association of Bank Auditors and | Controllers, at the Emerson Hotel, Baltimore, which opened a three-day ses- sion today. These following audit- & ors and other ex- § pert accounts 3 from this city are attending: H. Norman Glasco, chair- man, auditors’ section of the District Bankers’ 3 4 [ Association i John M. Harris, Norman Glasco. Anacostia Bank; Harold W. Denison, | Bank of Commerce and Savings; J. Stanley Lingeback, City Bank; Al- bert E. Yeatman, Columbia Nation- al; Millard S. Yeatman and Edecar Saylor, Hamilton National; James C. Elgin, W. B. Hibbs & Co; Lewis E. | Thomas, Liberty National; Louis C. | Paladini, William M. Harris and Lawrence G. Grimes, Lincoln Na- tional: C. C. Guert, McLachlen Banking Corp.; A. J. Bitterly and Reginald D. Watkins, Munsey Trust | Co.; Everett H. Parsley, National Bank of Washington; Audley A. P.| Savage, National Savings & Trust Co.; Raymond G. Marx, D. D. Whit- craft; T. P. Cowgill and D. E. Wise- | carver, Riggs National; Gerald E. Keene, Second National: Carl E. Dunnington, Security Savings & Commercial; J. Arthur Cromwell, Union Trust Co.; Harry L. Downey and Jack Wild, Washington Loan & ‘Trust Co. Lester A. Pratt, Washington, and | Dr. Edward Stone, economist, of this | city, will be among the speakers. Checkmaster Plan Adopted. The so-called checkmaster plan for handling checks has been adopted by the National Bank of Washing- ton, to go into effect next Thursday President J. Frank White announced today. The plan. adopted by banks in a good many other cities, requires no minimum balance, checkbooks are furnished patrons and 5 cents charged on each check. Like other similag plans, the bank’s only re- quirement is that the depositors have sufficient funds on deposit to cover the checks drawn. The new service will be in addition to the bank's existing checking account facilities. Mr. White explained. Insurance Leaders Present. George A. Bowles, Virginia com- missioner of insurance, Richmond, attended the luncheon at the Wil- lard yesterday given by the Insur- ance Club of Washington. of which | Douglas R. Phillips is president. Other guests included Joseph D Lazenby, Annapolis, president, Maryland State Agents Association; ‘T F. Cunneen, manager, Insurance Department, United States Chamber of Commerce; Valvin G. Lauber, fire marshal, District of Columbia; B. L. Colton, National Savings & Trust Co.; Alfred H. Lawson, Washington Loan & Trust Co.; William M. Hoffman, president, Firemen's In- surance Co.; William N. Payne, jr., president, National Capital Insur- ance Co. and R. Edward Early, sec- retary; and William S. Somerville, secretary, National Union Insurance | Co. About 125 members and guests ‘were present. Financial District Comment. ‘That the United States foreign- silver-buying program is proving helpful to Japan is claimed by Sen- ator John G. Townsend, jr., whose bill to end foreign silver buying was recently approved Ry the Senate Banking and Currency Committee and is now before the Senate for consideration. In support of his views Senator Townsend quotes from an American owned weekly paper published in Tokio. 5 FINANCIAL. THE EVENING STAR, WASHI D THURSDAY, APRIL 1 1940, FINANCI TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. 2:30 b.m. Prev Hizh 0% 52l 9 271 1915 581n 4 1% 14% 1215 17 245 123 182 11615 1761, 110 9% 41 451 142 131 32 110% 4% 84 2% 1940 Low Stock and Dividend Rate 67 Abbott Lab (1.60: 45 Acme Steel (3) . T'x Adams Express 21 Adams-Millls (1) 48 Air Reduction (1a) € Alaska Juneuu .60 % Alleghany Corp __ 10% Allegh’y $30 pf ww. 9's Alleghany pf xw __ 13% Allegh'y prior pf __ 18% Alleg- Ludium .25e 9'x Allen Indust (. 171 Allied Chem (6) _ 11% Allied Kid (.80) 13!, Allied Mills T Alliea Stores 631, Allied Stores pf(5)_ 341 Allis-Chalmers 256 14% Alpha Port (.25e) _ 1'% Amaig Leather _ 14' Amalz Leather pf__ 53 Amerada (2) 41% Am Atrlines 975 Am Bank Note 5% Am Bosch 38!, Am Brake Shoe 30e 130'> Am Br Shoe pf 6.25_ 112~ Am Can (4) 2 169% Am Can pt (1) __ 32 Am Car & Foundry. 3812 Am Car & Fdry pf _ 19% Am Chain & C.80e . 6% Am Comc’l Alcohol_ 10y Am Crystal Sugar 81!y Am Crystal S pf (6) 1l3 Am & Foreign Pwr 18 Am& F P 6% pf.6ik 21% Am & F P 7% pf.70k 4% Am& For'n P 2d pt -Hawian SS (1) Hide & Leatner Hide & L pt (3) Home Pr (2 40) 241 Am lce pf (Goe) __ l\u Am Locomotive 5 Locomotive pf Mach & Fv. 80) 21% Am Metals « 75e) 1 Am Metals pt (6) 3 Am News ( 50e) 3 Am Power & Lig 43 Am P&LS5pt 18 51 Am P&L $6pf 22 813 Am Radiator 13°s Am Rolling Mills 64's Am Roll M pt (3k) 9\ Am Seating 1 50g) « Am Ship Building - 46 Am Sm & Ret 50e _ 647 Am Snuff (3a) 5% Am Steel Fdry 25e. 2 Am Stores ( 25e) 18% Am Sugar Refining._ 81 Am Sugar R ptf (7). 167 Am Tel & Tel (9) 85 Am Tobacco (5) . __ 86% Am Tobacco(B)(5)_ 475 Am Type Founders 8% Am Water Works 7 Am Woolen - 39 Am Woolen pf (3k) 5% Am Zinc 26« Anaconda (.25e) Anaconda Wire & C 19 Anchor Hoe GI 708 110 Anchor H G pt 6.50 2's A P W Paper 2 Arch-Dan-Mid 35e 5's Armour (111) 46' Armour «I11) pr pt 7 Armstrong ’k 25e 815 Artioom Corp 3 Am . 70 Assoc DG 2d 9 7 367 Assoc Invest ( Assoc Invest pt (5) Atch Top&Santa Fe 501 Atch T pt 2 ble 16\. Atl Coast Line 13% Atl Gult & W Ind 13% Atl Gulf & W InA pt 2 Atl Refining (1) 10715 Atl Refining pf (4)- 8% Atlas Corp ( 508) Atlas Corp pt (3) x 17% Addressog'ph 1.40__ Sales— Net. Add 00 High Low Close chge T 10 6 S 10 59 00 80 1O 4 00 10 1S 0 10s 1 10 2 11 8 18 40s 3 3 1 28 26 10 6 1 1 200 1108 Atlas Powder pf(5) x 1 Atlas Tack 25 2 Auburn Auto (r)_| 174 Austin Nichols ___. 6 Aviation Corp . 14 Baldwin Loco ctfs_ 4% Balt1 & Ohio () 5% Balti & Ohto pf (r)_ 10 Bangor & Arstook JRIC Bangor & Ar pf (5) 13%, Barber Asphalt 25e 10° Barnsdall O1f 1 5% Bayuk Cizar 25e « Beatrice Crea (1a)_ Belding-Hem 20e 5 Bendix Aviat'n (le) 21 Beneficial Loan 45e 5 Beneficial L pf 2.50_ Best & Co 1.60a) 0'x Bethlehem Stl (le). 115 Beth Steel pf (7) 26 Bigelow Sanf'd(le) 191 Black & Decker 25e 91, Blaw Knox 19'« Boeing Airplane. __ 117 Bon AmitA)4a) Bon Am1 (B) 2.50a 2 Bond Stores (160)_ +« Borg-Warner Zie _ 31'x Bower Holl B (3) . 6 Brewing Corp ¢ £0) 10% Bridgeport Brass 3 Mte «50e) . & Strat (3) 4n [ransit Man Tran pt Bkiyn & Queens Bklvn Un Gas .i0e Brown Shoe (.30e)_ 114 Brunswick-B 25e 8 Bucyrus-Erie 101%. Bucyrus-E pf (7) 4%, Budd Mtg 37'2 Budd Mfg pt _ 4%y Budd Wheel 20 Bullard Co (.25e) _. 281, Bulova Watch (2a). 48 Burlington M (1) _ 10% Burr's Add M 20e._ 31« Bush Terminal __ 8's Bush T Bldgs pf _ 20%, Butler Bros pf 1.50_ 3x Butte Conper 11 Bvers (A M) Co 21'; Calif Packing < Callanan Zinc : Calumet & Hece .50e 131 Campbeli Wy 6ie 16 . Canada Dry 4% Canadian Pacific 74 Cannon Mills (.50e) 5'; Caro-Clin & U (5) 3 Carpenter Steel 50e Carriers & Gen 0de 66 Case (J 1) Co 47\ Caterpillar Trac(2) 267 Celanese Corp 60a_ 97x Celotex Corp 21% Cent Aguirre (1.50) 1113 Cent [l L pf (4.50) 67 Central Vio Sugar _ 37 Cerro de Pasco (2e) 64 Certain-teed - 27% Certain-teed pf 21 Champ Pap & F 15e 102 Champ P&F pt (6) 4'4 Chesapeake Corp (r 384 Ches & Ohto (2 50)_ 9% Chi Mall Order . KChi MStP&P (r)_ % Ch1 & Northw'n (r) 107 Cht Pneu Tool 812 Chi Yellow Cab (1)_ 11 Chickasha Cot Ofl _ 4% Childs Co Chryster Corp 1256 2% City lce & Fuel 30e City I&F pf (6.50) Clark Fquip (1a) 111 Clev EI [1lu pf 4.50 351» Clev Graphite(.40e) 76% Clev & Pitts (3.50)_ 351 Climax Molyb 1.20_. 357 Cluett Peab (.60e)_ 136 Cluett Peab pf (7). 118 ®oca-Cola (.75e) __ 61 Coca-Cola (A) (3)_. 163 Colgate-Pal-P (.60) 28 Collins & Atkm'n 2e. 17 Colo Fuel & Iron - 23 Colum BC (A) 45e. 22% Colum B C (B) 45e 28 12 408 21 140s 31 60s 1 12 2 2 12 IR 2x 2 1 2 5% Columb G & El 20e x 20 72 ColG & E pf (5) 6% Columb Plc vte _ 45 Comcl Credit (4) 51% Comel Inv Tt (4) 13 Comcl Solvents _ 307 Comwith Ed (1.80) 1 Comwith & South'n 62! Comwith & S pt (3) 5 Conde Nast Pub 2214 Congoleum (.25€)__ 8 Congress Cigar _:. 25' Consol Aircraft T3 Consol Cigar (.76e) 86 Consol C pr pf 6.50_ 7% Consol Cop M .15e 30% Consol Edison (2).. 107 Consol Edis pf (5) 8% Consol Laundri 7 Consol O1] ¢.80) . 1% Consol RR Cuba pf. 68Y 49y 25 131t 1311 115t lH' 176 1 8 151 68 10% 15 68 10% 350 5014 36 20 111 6y 6112 60 1404 8 8y 10174 1015 134 100 1015 10% 25% 25 111 1113 11w 10 37 3T% 6% 6% 30 28% 30% 29 105 105 4'% 39 9% 1 Y% 1214 10 15 6 851% 131 971y 9Tia 404 38% 1121 11218 39% 39 42t 139 127% 127% 61 61 16% 32 19% 6814 4‘?% P4+ 1 U i P+ P40 [N 4 i + ++t110+0 ++ [ TR o I S T A A | [ | I++11+00 0140 +1010 | ll-’) 108! Leh Port C pf (4) - 2:30 p.m. Prev. 1040 Stock and Bales— High Low Dividend Rate 4% 314 Consolidation Coal . 1 104 10084 Consum Pw pf 4.50_ i 1011/ 14% Container Corp .258. 33 12% Cont1 Baking (A) 41% Contl Can (1le) 6% Contl Diamond 38 Contl Insur 1.60a). 314 Contl Motor 14 Contl O11 (.25e) .. Contl Steel .25¢ 4 Copperweld St .20e. 23 5213 Copperweld pf 2.50 3 ki Corn Exchange (3).x 50s 5813 Corn Products (3) .. 3 4% Coty Inc (.25e) 3 74 Coty International. 4 19% Crane Co 4 2815 Cream of wne-uz) il 6% Crosley Corp 5 27 Crown Cork & Seal 2 37 CrnC&Sptww2.25 10s 15 Crown “ellerb'k.75e 144 89 Crown Zeller pf (5) 40s 3414 Crucible Steel _ 3 784 Crucible Steel pf. i 614 Cuban Am Sugar 206 79 Cub Am S pf (2k).. 420s 1214 Cudahy Packing - 9 26 Cuneo Press (1.50). x 33 Curtis Publishing . 2 40% Curtis Pubpf (1K) 1 914 Curtiss-Wright _ 338 27% Curtiss-Wr(A) .60e 60 18'; Cutler-Hamm'r 258 Davega Stores .25e._ Davison Chemical . Deere & Co Deere & Co pf(1.40) Deisel-Wem-G 3756 Del & Hudson Del Lack & Wn Devoe & Ray A 25e Diam d Match 1 50 Diamond M of 150 Diam T Motor Distill-Seapr (2) Dixte Vor(A)(2 50) Doehler Die € 25e Dome Mines (2) _. Douglas Air (3g) _. Dow Chemical (3)__ Dresser Mfg Dunhill Internatl_ Du Pont (1.75e) Du Pont pf (4.50) _ !5 Eastern Alr Lines . Eastman Kodak (6) Eaton Mfg «.75e) _ ington Schild ec Auto Lite T5e_ Electric Boat 60g _ Eleec Pwr & Light 2 Elec Pwr & Lt §6 pf Elec Pwr & Lt $7 pt Elec Stor Bat (2) __. Elk Horn Coal _ 2] Paso Nat G (2) dicott-J pf (5) . Eng Pub Service Eng Pub Sve pf (5) & Pub Sve pf 6.50 & Equit Office Bldg __ Erie RR (r) = Erie RR 1st pf (r) Svans Products _ Ex-Cell-O (.40e) __ : Fairb’ks Morse(1a) Fajardo Sugar 50e_ Fed Motor Truck Ferro Enamel (1a)_ Fidelity Phoe 1 60a_ Firestone Tire i0e_ First Nau Strs 2 50 Flintkote (1g) : Florence Stove foe. Pollanshee Bro (r). Foster Wheeler ___ Francisco Sugar Freeport Sulph (1)_ Gabriel (A) Gair (Robert) Gair (Robert) Gamewell Co T5e._ Gar Wood Indust Gaylord Cont (.10e) 2 Gayl'd Cont pf 2.75_ Gen Am Invest Gen Am Tra 2.3758_ Gen Baking (15e)_ Gen Baking pf (8) : Gen Bronze Gen Cable = : Gen Cigar 25e Gen Cizar pf (T) Gen Electric (35e)_ Gen Foods Gen Gas & 6'2 Gen Mills (4a) Gen Mills pt (5) Gen Motor ( Tse : Gon Motors pf (5 Gen Outdoor Adv Gen Out Ad(A) 2k Gen Print Ink 10e Gen Public Service_ Gen Realty & U pf_. Gen Refractor 25e._ : Gen Shoe (1.20) __ Gen Steel Cast pf Gen Telephone 1.20. Gen Thea Equ .20e Gillette Saf R (.60). : Gillette S R pf (5) Gimbel Bros Glidden Co 2 Glidden cv pf (2.25) : Gobel (Adolf) Goehel Brew (.20)__ Goodrich (BF) 2 Goodrich (BF )pf (5) Goodvear T&R 50e Goodvear of (5) __ Gotham Silk Hose _ Graham-Paige Granby Consol 25e_ Great Northn pf Grt Nor O ctfs T5e_ Great Wn Sug (2) . Great Wn S pt (7)__ Green (HL) ((2a)_. Greyhound (1) = Greyhound pf (.65). Guantanamo Sugar Guantanamo S pf Hacken Water 1.50 Hall (WF) Prtg (1) Harb-Walker (.30e) Hat Corp (A) Hat Corp pf (6. 50)_. Hayes Mfg Corp . Hecker Prod (.60)__ Hercules Mot 25e _ 4 Hercules Powd 60e Hercules P pf (6) Hollander (A) Holly Sugar = Homestake (4.50) x Houd-Her (A)(2.50) : Houd Her (R) 25e Housenold Fin (4a) Houston Oil =0 Howe Sound (3) _ : Hudson Bay 1.75g Hudson Motor Hupp Motor . [llinots Central Illinois Central pf. Mlinots C L (4) Indian Refining __. Indust Rayon .50e_. Inspiration Copper- Insurshares (.20g) - Interboro R T (r) Interchemical( 80e)x Interchem pt (6) . x Intercontl Rubber_. Interiake Iron _ Intl Agricul prpf Intl Harvester 1 60_ Intl Hvdro El (A) Inti Mercantile Ma_ % Intl Mining (10e) . Intl Nickel Can (2). Intl Nickel pf (7) _ Intl Paper & Power Intl Pap&P pf 1.25e Intl Ry Cen A pf 2k Intl Silver Int] Tel & Teleg Intl T & T for'n cfs. Interstate Dept Str. Intertype Corp .40g. Island Crk Coal (2). Jarvis (WB)(.375e) Jewel Tea (2.40) Johns-Manville Jones & L of 1k. Kalamazoo Stov 50 x Kans City Sou pf Keith-Al-O pf 1.75k Kelsey-Haves (A)_ Kelsey-Haves (B) .. Kendall Co pf (6a)_ ¢ Kennecott Cop 256 Keystone Steel 25e Kimberly-Clark (1) 4 Kresge (SS) 1.20a Kress «S H (1 60) Kroger Groc (2) ... Laclede Gas Lambert (.75e) Lee Rub & T (.75e). Leh Port Cmt .T5e. 15 605 10 100s 12915 104 50% 51 25 3% 3% /% % 24% 14'% 457 6819 55 15% 31%a s 21% 18 3 Leh Valley Coal . _ 4% 213 Leb Valley Coal pf_ 4 3 Leh Valley RR (r)_ 24% 21 Lehman Corp (.40e) 29 26% Lerner Stores (2) 53% 48% Libbey-Ow-F (le)_ 8% 6% Libby McN& Lib... 25 17 134% 4% 814 40 3% 22% 308 # 3% 3 23% 27% 49% Net. Add 00. Hllh low Clo:e chge. oy 101‘« 101% 17'% T (NN (e PEI+1 0+ o 1+ EACE L+ + i+t #i+1 040110 FP FFEEFFREREREEFT + % ~1% 110 110\9 + % K %+ W 3+ % 2:00 p.m. Prev. 1940 Sales— High, Low. Dividend Rate 45 41% Life Savers (1.60) 109' 105 Ligg & Myers(B)4a 178% 171 291 41 18% 4% 375 10915 39% 4615 4y 25% Btock and 1 44y 11 108 Ligg & Myers pf(7) 1180 24% Lima Locomotive. . 25% 362 Link-Belt (1) - 15'5 Liquid Carbonic.60e Loew’s Ino (2) Loew’s [ne pf (6.50) Loft Ine Lone Star Cmt (3)_ Long Bell (A) Lorillard (.30e) 160 149‘ Lorillard pf (7) 213 16'% Louis G&E (A) 1.50 55% Louls & Nash 1.25e. MacAnd&Forb (2a) Mack Trucks. Macy (RH) Co 50e. i Madis Sq Gar .25e - Manat) Sugar Man Ry mod gtd(r) Man Ry m gtd ct(r) Manhat Shirt (1) Marine Midl'd( 20e) Market St Ry pr pf. Marshall Fleld 40 .. Martin (Glen) _ Martin-Parry 4 Masonite Corp (1a). Mathieson Alk 1.50_ May Dept Strs (3)".. Maytag Co - McCror$ Strs (1y McGraw Elec (1) _ Meclntyre Pore (2a). McKeesport Tin McKesson & Rob _ McKesson & R pf McLellan Strs 40e. Mead Corp = Mead Corp pf (6) Mead C pf(B)(5.50) Melville Shoe (2) . x 2+ Mengel Co 2 1 Mengel (o 69, pf 105 Merch & Min Trans 70s Mesta Mach (le) . 5 Miami Copper 20e 5 Mid Cont Pet (.40e) 10 Midland Sti P 50e 1 Mid Stl Istpt (8) _ 30s Minn-Hon Ros (2) . & Minn-Hon nf B (4)_ 205 Minn-Moline imp Mission Corp ( 658) Mo-Kan-Tex pt Mo Pacific (r) Mo Pacific pt (r) _ Mohawk Carpet .25¢ Monsanto Ch (2) Mont Ward (1.75e) Morris & Es (3 875) 2 Motor Products 5% Motor Wheel (1.60) Mueller Brus: Mullins Mfg (B) Mullins Mfg pt Munsingwear .25, Murphy (GC) (4) __ Murray Corp : Nash-Kelvinator '2 Nash Chat&StL le_. : Nat'l Acme (50g) .. 12 National Aviation_. 13 Nati Biscuit ( 40e)- 6 atl Cash Reg (1) . 13 Natl Cyl Gas (.20e) 1 Nitl Dairy « 80) 23 = Natl Dairy pf A(T)_ 10s 9': Natl Dairy pt B(T)_ 505 1018 11 20s 1 16 Nat'l Gypsum Natl Lead « 60) atl Lead pf(A)(7) Natl Lead pt(B)(6) x 60s + Natl Malleable 2 Natl Pwr & Lt 60__ Natl Steel (.50e) Natl Supply atl Supply $2 pt _ atl Supply 6% pf. at] Tea Co Natomas (.80) e Newmont Min .50e_ Newport Indus N Y Air Brake (le). N Y Central N Y Chi & St Louts. V¥ Chi & St L pt Y C Omnibus (3)_ 20s 44 Yor Am Aviation _ Nor Am Co (1.20) No Am 6%% pf 2.875 No Am Co 6% pf (3) Northern Pacifie _ orthwest Tel (3)_. Norwalk Tire _ Ohito Of1 oz : Oliver Farm Equip. Omnibus Corp 1.20. Omnibus pf (8) Otis Elevator (.15e) Otis Steel B Owens-111 GI 50e Pac Am Fisherfes_ Pacific Coast Pac Coast 1st pt._ 308 Pac Coast 2d pf 10s Pac Gas & Elec (2) 9 Pac Lighting (3) x 10 Pac Mills & Pac Tel & Tel pf (6) Pac Tin Consol .20e Pac Western O .40g Packard Motor Pan-Am Atrways Paramount Pic Paramount 1st (6)_. : Param’t 2d nt « 60)_ ¢ Park Utah M .10e _. Parke Davis (.80e). Parmelee Trans Pathe Film Patino Mines _ Penney (JC) (.76e). Penn-Dixje Cement. Penn-Dixie Cem pf_ Penn Ratlroad (1g) Peoples Drug (new) 2 Peoples GLt&C(1e) Pere Marquette pf Pere Marq prpf __. Pet Milk (1) Petrol Corp (.708) Pteifter Brew (1) Phelps Dodge 25e._ Phila Co 6% pf (3)_ Philip Morris (3a) Phillips-Jones _ Phillips Petrol (2)_. Phoenix Hosiery _ Phoenix H pf 1.75k_ Pillsbury F1 (1.60) . Pirelli Corp._ 4 Pitts Coal 12 Pitts C & Ir pf (5) Pittsbgh Screw .15e Pitts& W Va __ __ 2 Plymouth Oil 1.40_.. Poor&Co (B) __. & Port R Am To A(r). Port R Am To B(r). Pressed Steel Car Pressed Stl C 1st pf. Proctor & Gam (2a) Pub Sve (NJ) 6be Pub Sve(NJ)pt(5). Pub Sve(NJ)ps(6) - 2 Pub Sve(NJ)pf(8)_ Pullman ( 25e) _ Pure Oil Pure O1l pf (5) Purity Bak (.25e)__ 512 Radio Corp (.20e) _ Radio C cv pf(3.50) Radio pf (B)(5) Radio-Keith-Ur (r) Raybest-Man .25e__ Rayonter Inc Rayonier pt (. Sflk). Reading Co (1) Reading 2d pf (2) .- Reming Rand (.40e) Rem R'd pfww 4.50. Reo Motor vte ctfs_ Republic Steel _ Rep Stlcv pt 7. 50k- Revere Copper. Revere Copper (A)- Revere Cop 5%% pf. Reynolds Metals __ Reynolds Spring - Reyn Tob (B) (1le)- 1914 15% 27 145 20% 9 49%, 13 18% 9% 11 22y 45% 9% (35 39% 14% 30% 61% 15% 10% 43% 4319 44y 108 180 25% 38% 16% 13% 9% 427 Net. Add 00. High. Low. Close. chge. 4% = % 108% — % 180 +5 26% + % T 1 -‘}‘}‘i#d‘##f 1% 20% = L 84 13% 274 571 13% 9% = T 42% = 1 - % -2 -84 2:30 pm. Prev. 1040 Stock and Sales— Net. High. Lo Djvidend Rate. Add 00. High. Low. Close. chge. 8% 6% Richfield Ofl (.60g). 2 74 T% T4 53 4414 Safeway Strs .75 2 51 50% 50% — % uw, 104 Safeway S pf (6) .. 20s 108 108 108 36% St Joseph Lead (1). 2 39% 39% 39% — % Y St L-San Fr pf (r).. k3 = 19% Savage Arms (.25e) 28 2T 2Ta+ Y 11% Schenley Distillers._ 14% 13 18% + s Schulte Retail 8 (r) Y L] 4% Schulte R S pf (r)_ 48 4% 42}s Scott Paper (1.60) 4l% 40% ' Seaboard Afr L () % % “ Seaboard A L pf (r) L 80% Sears Roebuck (3)._. 86 8514 13 Servel Ine (1), w. 13 124 Sharon Steel . 14% 4% Sharp & Dohm 5 5 50 Sharp & D pf (3.50). 6% Shattuck (FG)(.40) 36% Sheaffer Penn 1.50e 10% Shell Un Oil (.60g) 105 Shell Un O pf (5.50) 4 Silver King (.10e)_. % Simmons Co Simms Petroleum Skelly O1) «.25e) Sloss-Sheffield .75e_ 30s 115% Sl Sheft pf (6).. 100s 112% Smith (A 0) .. 16% Snider Pkg 23% 11t ”n 297 14y iy G 49 3915 12% 1107 5 6 39 121 107 bk S.E.Greyh'nd 1.60 _ x Southn Cal Ed 1.50ax Southern Pacific Southern Rallway Southern Rwy pt Sparks Withington.. Spear & Co Sperry Corp (2g) .. Spicer Mfg (le) AL. Most Stocks Decline Despite Gains of Few Specialties Paper, Packing, Oil And Szgar Shares Gain Following Stock Averages Ind Net change —. Today, noon 71.3 Prev. day. . 718 Month ago. 71.1 Year ago 62.8 742 69.9 710 238 1939 low... 588 15.7 60-Stock Range Since 192' 193 3 18.6 188 184 17.1 205 18.0 337 169 618 (Comptied by the Assoclated Press.) By VICTOR EUBANK, Associated Press Financial Writer. Spicer Mtg pf A (3) Spiegel, Inc (.30¢) Siiegel Inc pf 4.50 . Square D Co (.30e)_ Stand Brands .20e _ Stand Brds pf 4.50 Stand Gas & Elec _. Stand G&E $4 pt 2 Stand G&E $6 pr pt. Stand G&E §7 pr pf. Stand Ol of Cal (1) Stand Ol ind (1) _. Stand Ol N J (1a) Sterling Prod (3.80) Stewart-Warner Stokely Brothers. Stone & Webster_ Studebaker _ Sun 0il (1a) _ Sun Ol pf (6) Sunshine Min 1.60 Superheater (.50) Superior Oil Sutherl'd Pap 1.20 Swift & Co (1.20) Swift Intl (2) % (BN » ++Ill I ECarammnebenm=ies bymln;. Gould xw_. Tennessee Corp Texas Corp (2) 31z Tex Gulf Prod(.10e) Tex Guit Sul (2) Tex Pac C&O (.40) x Pac Ld Tr 10g xas & Pac Rwy . The Fair pf 37% Thermoid Third Avenue S Thomp Prod « 25e) 17s Thompson-Starrett Tide Wat A O lie Timken-Det Ax (1) : Timken R B «.50e) Transamerica (.50) Transcontl & W Alr A.. Iri-Continental Tri-Contl pf (6) uax Traer C th Century Fox 20th Cen F pt 1.50__ 5 Twin City Rap Tr 3 Twin City Rap Tpf 100s : Twin Coach 2 Ulen & Co (r) 8 2 Underw-EI1I-F 50e 2 117% Un Bag & Pap .15e) 2 7815 Unton Carb (1.10e) g 112% Union El(Mo)pt(5) 10s 115+, 16 Union Oil(Cal) 50e 3 161, Union Pacific (6) 5 n Tank Car 1.20a 312 Unit Atreraft (2g) Unit Afr Lines Unit Biscuit pf (7) United Corp Untted Corp pf (3) United Drug : United Dyewood _ 41s Unit Electric Coal . United Fruit (4) 11% United Gas Imp (1) : Unit Mer & Mfg .50e United Paperboard 5'; US & For'n Secur U S & For Sec pf(6) S Freight (.25e) :anpsum @) bt | + 4 =1% caa wn @ Pk ge B 3 s 3 S Indus Alcohol . Leather = Leather (A) __ S Leather prpf__ Pipe & Fdry (2) Peauy&lmlrl Rubber Rub 1st pf (2e) Sm & Ref (2e) 4% L3 K I 1 + + + cacaaaacaa l/mm/lmwr/mw S Steel (1e) U S Steel pt (7) U S Tobaceco (1.28) Unit Stockyards___ " Unit Stores (A) __ 5 . Untv Pictur Istof 130s 100!, Vanadium 8 38y Van Raalte 1st (7) 100s 116! Vick Chemical (2a) 1 44 Va-Caro Chem __ 3 Va-Caro Chem pt Virginian R pf 1.50 x Wabash (r) Wabash pt (A)(r) - Waldorf System .60 Walgreen (1.60) Walker (H) (4) Walworth Co Ward Baking (B) Ward Baking pf _ Warner Bros Pict__ Waukesha Mot (1) Wayne Pump (le) . Wesson Oil & Snow. 12 Wesson O&S pf (4) 1573 West PennE3(A)(7) 10s 110 West Penn E pf (6) x 205 106 115 111 West Penn E pf (7) x 20s 11214 2 130 W VaPulp& P 15e. 51 4075 33", West'n Auto S (2) 5 31 West'n Maryland_. « West'n Pacific pf_. « West'n Union Tel Westh'se A B.ive _ Westh se Elec $75e Weston El Ins new_ : Westvaco (1.40) __. Westvaco pf (1.50)_ Wheel&L E pf 5.50. x 50s “% Wheeling Steel _ 3 White Dental (.60). 1 White Motor 10 1 97 11012 1 110 108 102ix 106 112t % i % 3 % 21 2814 White Rock = 4 White Sewing Mch_ 3 Wilcox Oil & G 10e 2 Willys-Overland 140 Willys-Overl'd pf . 31 Wilson &Co 166 4« Wilson&Co pt (3k)_ 3 Woodward Iron __ Woolworth 12.40) _ Worthington Pump Worth P cv pr pt Wright Aero (2g) Yale & Towne (.60) Yellow Truck Yellow Tr'k pf (7)_ Young Spg & Wire YgstwnSh & T 25e Ygstwn Stl D .25 17% 14% Zenith Radlo (le) 3 15% 15 2% 2 Zonite Products 48 3w 2% 3 4 Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A M. 290,000 12:00 Noon 590,000 i 740,000 2:00 P.M_ 860,000 s ng. 10 shares ankrupte ivershi B R S 5 tes of dividend in the I 1, bl bursements based on the Jast 'quffie"a,‘"n". 1 Arnda) deciath: tlon Unless otherml ted speci: ton. T ise noted special or extra dividends are not 70 42y 213 5012 129 1% 431y 105 26 22 19% 16% 12213 115% 14 10% 484% 3T 28 22 45 125 21% 174 X l(ls 126 2 231 43 187 50s 122 122 2 134 13 8 42% 42 4 22 21% being reorganized under such combpanies. x Bx dividenc rights s Also extra a Accumuiated Aidends” pata Ten %y ea; ¢ Declared O ald o far this year —1Payable In stock g Paid last year ¥ Accumnlated dividends bafd or declared. this’ <o Foreign Markets LONDON. _April 18 (P .—Gilt-edged shares recorded small advances in stock exchange trading today. and industrials recovered part of their early loses. Near and Far Eastern bonds declined sharply and kafirs were depressed on Capetown selling. ~Oil issues closed steady to firm and other sections were featureless. PARIS.—Dollar guaranteed rentes and Canadian Pacific shares extended thelr | losses today. ~Domestic equities averaged a_decline of 1 per cent and motor stocks d coal shares were weak. Home rails and gold issues resisted the downward trend, while rubber and base metal shares clele‘ lower. STERDAM.—Domestic fimuu W vu.k in quiet trading today. TADs ‘ from 9 to 15 points, | Were mixed. while steels and coppers lost | 50 Part of early gains. ished depressed. nese bonds closed_weak, Chilean issues were better, Boston Wool Market BOSTON. April 18 Department of Agriculti buyers were active in the Boston market but the yolume of business was rather limited. Scattered sales in sraded Dutch, Danish and Jal | American securities | eighths_ blood territory wools were sold at to 74 cents, scoured basis. An occa- sional sale of combing quarter-blood ter- Thuory (9oL was closed at 68 to 70 cents, scoured basi; Rayon _issues fin- P~ but British and | Metal Market NEW YORK. April 18 (M steady: electrolytic pot. Connnn'c_u(zm\’m- lev 1150: export. fas.'New York, E'&l." ‘2P and nnrhy Tin lor-lr smdy Haxt (" (United States ture) —A few wool *| Trends .‘ BY the Associ i valley NEW YORK, April 18.—Special- | ties were given a buying push in | today's stock market, while most leaders were left to flounder on a lower shelf. were ragged from the | start and irregularity persisted to | the close. Favored the greater part of the time were paper, sugar, pack- ing and oil issues. Lacking support were steels, aircrafts, rubbers and | coppers. Dealings turned active occa= | sionally, although slowdowns were frequent. Transfers were around n 1,200,000 shares. The question of “who’s winning” in the European war kept most Wall | Street quarters in an argumentative ‘s(m\' and the result was that, with definite information lacking, the inclination was to avoid getting too | far out on a limb either way. Busi- ness news was more hopsful than | otherwise, but even *“good” items |ra1led to excite traders. Posting new highs for the year or longer with gains of fractions to |a point or more at the best—som were unable to hold—were Int national Paper common and pre= ferred, Crown Zellerbach, Champion Paper, Union Bag, Rayonier, Wils Armour, South Puerto Rico Sugar, Fajardo Sugar, American Woolen and Patino Mines Lagging were United States Steel, Bethlehem, Chrysler, Boeing. Glenn Martin, Douglas Aircraft, Eastern Airlines, American-Airlines. Interna- tional Nickel. American Can. Sears Roebuck and New York Central. United States Rubber preferred was | under pressure. With the outcome of the General | Motors union labor election Wednes= day virtually determined, this stock | firmed. Atlantic Refining and Shell Union Oil tilted higher. Chicago Grain By the Associated Press. CHICAGO, April 18—A fresh wave of buying inspired by the war pushed wheat prices up more than 2 cents a bushel today to the highest levels since September, 1937. Corn rose almost 2 cents, while oats were up a cent, both reaching highs unequaled here in about three years. Wheat closed 17g-2' cents higher than yesterday, May, 112-111%; | July, 1.1035-1.10%; corn 1% 6415-641; July, 6515-65% 34-1 higher. Open High. Low. 1005, 1.083 | ’ 1.093, 170830 1,083, 687 00 Chlralo Cash Market. heat sa N New York Collon d Press. NEW YORK, April 18.—Cotton Iunhcs traveled over a narrow route toda\ Scattered hedge selling and ‘Son hern liquidation checked an rallying tendencies. Support was confined to trade and Bombay buy- | ing and some New Orleans covering. Midafternoon prices ranged 2 points lower to 1 higher; May (old) | traded at 10.74; July (old), 10.46; October, 10.17. Cottonseed Oil. Cottonseed oil futures made new highs for the recent upward movement in fore- fioon dealings and reflected renewed specu- lativ ing and covering induced by strensin of outside markets. particularly lard, hogs and grains. A uniform advance f 1% points placed May at 108 7.14 and December at 7 nd Crude oil in the Southeast and was bid 6 cents a_pound. _Texas was_nominally quoted at 53 -to 5%, de- pending upon location. New Orleans Prices NEW ORLEANS. Aoril 1% futures traded auietly within a narrow rangze here today At noon prices were ir. regular. 2 points met higher to 1 point lower. High .—Cotton Low. Last 087 1087 0.6 0.2 January 0. ) “Coitonseed "ofl opened ste M 6.45b: July, 8,36b; Septem tober.’ 6.11b, e _— London Bank Report LaONDON. Aoril 18 (PBank of Eng. statement. as of April 17 thousands of pound 27:" el rculation. 537 decre: 4Bz!u'l‘:no(x? 1.157: decrc:o T Reserves: 3, increase, 1.8 Public "deposit: 28.654: increase. 5,774 Erivate deposits, 154.604: decrease. 11.814. _Government securities, 129.444: decrease. 7.780. Other securities. 27.808: decrease. 127. Ra Oof reserve to liabilitles, 23.8 per cent. com. pared with 22.0 last week. Bank rate, 2 Der cent. Reichsbank Statement BERLIN. April 18 (P).—The Reichsbank statement. as of April 17. showed (in mou- sands of reichsmarks) : Increase 11, 867: decrease. 160.103 {1738 53 decrease. 910.365. Dosits. 52.687: decrease. serve ratio, 0.66 ver cent. per cen! London Bar Silver Pig iron. aluminum, antimony, quick- Sive. Dlatinum, Chinese woltramite domestic scheelite unchanged. ‘v and | the dollar 20%d: oa ) A&l\llvllem 87_830" lll"r. s, ts on e Rl ;gfs"m Ll /