Evening Star Newspaper, April 21, 1940, Page 27

FINANCIAL. Cotton Futures Up 4 fo 5 Points in Final Dealings Mere Trickle of Trade Buying and Covering Boosts Prices By the Associated Press. NEW YORK, April 20.—Cotton | futures met with little resistance in| & forward shift that put final prices up 4 to 5 points today. Selling was kept to a minimum through the session and a mere trickle of trade buying and week end | covering was sufficient to boost the | Bst. Some buying was inspired by news of heavy rains in the eastern and central parts of the belt, which cot- ton experts said would probably further delay planting and replant- ing in those areas where recent frost damage was heaviest. From impor- tant growing areas in the South came reports the crop is two to three weeks behind Small opening losses, due in part to Bombay selling, were quickly over- come and sufficient buying kept coming in to take care of liquidating and hedging sales. The approach of first notice day for May contracts next Thursday revealed an open interest of 363900 bales and certified stocks at around 27,000. | Worth Street cloth sales for the week were estimated at below cur- | rent production, but brokers were little disturbed in view of the heavy turnover in the previous fortnight. Exports Friday, 12,679 bales: sea- gon so far, 5755877. Port receipts, | 4598; port stocks, 2,699,838, Range follows: 0 b Washington Stock Exchange Sales. PUBLIC UTILITIES. $15,000 Ana & Pot Riv R R 1st 5% 104! 2,000 City & Suburban Ry 1st 5% 10 6,000 Pot Elec Pow 1st 3% % 1068 _ 10,500 Wash Gas Light 1st 5% 1860.. 9,500 Wash Ry & Elec Cons 4% 1051 _ MISCELLANEOUS. Valuf -$10¢ PUBLIC UTILITIES. 1,628 Capital Transit 17 N & W Steamboat - 142 Pot Elec Power pfd - 239 Pot Elec Power pld 716 Wash Gas Light com _ 120 Wash Gas Light pfd Wash Ry & Elec com Liberty Riggs common Amer Sec & Trust. _. Nat Sav & Trust Wash Loan & Trust . Bank of Bethesda TITLE INSURANCE. Columbia MISCELLANEOUS, Lanston Monotype ... 10 Lincoln Service com 1,013 Mergenthaler Linotype - 620 Nat Mtg & Inv pfd 105 Rea) Est Mtg & Guar pfd 5 Security Storage & Woodward & Lothrop com. t 50c paid December 20, 1939. & $14 k 20c extra. p50c paid September 20, 193! BONDS. 162,000 Capital Traction 1st 5% 1947 _ 2,000 Columbia Country Club 4%% 1057 STOCKS. Par 1y e, fate, 100 100 100 Wash Ry & Elec pfd_.._.___ 100 BANKS AND TRUST COMPANIES, THE SUNDAY STAR, WASHINGTON, D. C, APRIL 21, 1940—PART ON. TRANSACTIONS ON WASHINGTON STOCK EXCHANGE—1040 UP TO AND INCLUDING FRIDAY, APRIL 19. Approximate Yield to Open. High. Low. Last. Maturity. 101 103 101 103 446% 102 97% 101% 4.85 1024 103% 103% 4.50 110% 109 110% 2.50 % 131% 124% 131% 2.95 108. 108 109 . 3.08 48 104 104 104 0 1$9.50 4.00 6.00 5.50 1.50 4.50 836.00 5.00 14% 58 115 115% 20% 108 800 115% 15% 58 17 115% 20% 109 800 118 14 58 15 114 26 108 800 118% 6.00 €8.00 ©8.00 4.00 €8.00 0.75 166 280 252 195 247% 35 170 280 252 195 247% 35 166 278 252 195 185 247Y% 247 35 35 170 k0.30 "12% 15 12% 15 2.00 1.00 p0.50 d0.35 0.50 500 96 96 06 52.00 49% 49% 40% 40% 4.04 extra paid December 23, 1939. @2% extra. 8. 582 pald 1939. d 36c paid 1930, 32V 20 15% 4% 5% 31% 20 14% 3% 5Y 6.32 8.00 3.14 875 8.69 96 5.20 31% 20 15% 4% 5% 20 18% 3% 8% Baltimore Markets | Spectal Dispatch to The Star. BALTIMORE, Md, April 20— There was fairly active demand | throughout the week for live poul- try but prices showed only a few minor changes. | the period, the exception being fowl of the better grade and some young | 9 41 14 03n 98n 89 a5 | 1069 1 1042 1 b Bid. Spot, n Nominal nominal: middling (% inch, 10.01. | Cottonseed Oil. | Pirmness of outside markets, particularly | Jard and securities. brought closing ad- vances of 5 1o 6 points in bleachable coty tonseed oil futures today. Sales totaled B Cantracts. Offeringe were limited until near the close, when there was a noticeable Increase from refiner inferests. May fin- t 699D, 7.07b: " September. Crude oil in the Texas. 53 to 57e. depending upon location. | bBob, 'n Nominal. Stone (Continued From Page B-9) | held at White Sulphur Springs, ‘W. Va, both men having more than doubled requirements for at- tendance. Financial District Comment. In protest against the Wagner- Lea bill for the regulation of in- vestment trusts, a special committee | ang Leghorn roosters at 7al0 were | from the American Institute of Ac- countants will appear tomorrow be- | fore the Senate Committee on Banking and Currency, headed by | John K. Mathieson, president of the institute. More than 12,000,000 savings more than 6,000,000 persons, making these bonds the most widely held securities anywhere in the world, James W. Bryan, Treasury Depart- ment, reports. The sales of these bonds must be accredited to adver- tising, he says. Sales of general merchandise in the rural districts in the first quar- | ter of 1940 were 8 per cent ahead of the like period in 1939, the Com- | merce Department reports. | Washington Railway & Electric participating units were quoted yes- | terday at 20% with 22% asked. Gar- finckel common stock is now quoted | at 9%, asked, offered at 11%; pre- ferred, 26 bid and 28 asked. D. C. Securities by Johnston. Lemon Y ay s closing bid and Tored tons on Washington securities wh traded over the counter follow: BONDS. Barber & R deb 4s. due 1045 Cong Country Club 6s 1948 Lons T Co Inc @s. duc 1951 Len iding Inc 655 - 1lding Blan, Hot C 1st 55 9450 Pr Bldg 1st 3-55 1850 N2t 1 B A The 41as 1950 Racuet Club 1st 58 19 Riges M T Co 1st Mig Wotes am Hot C 2nd 4s 1944 ston Aud st 6 1644 & Co) uota- | ich are | on Prop I 75 19 STOCKS. American Co pfd _ American Co com_ nacostia Bank D> Bank olumbia National Banl onsolidated Title Corv pid onsolidated Title Corp com seamgn000gl Griffith-Consumers pfd Griffith-Consumers com Hamilton National Bank International Finance U Lincoln_Hall Association Merch Transfer & Stor p Merch Transfer & Stor com- Munsey Trust_Co National Cap Insurance Natl Mort & Invest com National Metrop Bank BT ey 33 =23 - S e Pt P 1] Seourity Savines Buburban National Union Finance Units Unlon Trust Co —_ > Washington Base Bail Clu Wash Convention Hall pfd._ Wash Convention Hall com- 200 Wash Sanitary Imp * Nominal —_— Corporation Earnings K. April 20 () —Corporate lll‘ml Z(?’Rementl issued during the week Cho;inl profits per common share in- CUed: narter Ended March at Acme Steel fimen:.n Brake Shoe t 19 peans 2D SoaaLao S-S EETIE R Corn_Products Ref Sream of Wheat Blectric Auto-Lite General Electric General Food: Johns-Manville Parker Rust-Proo! Magma Copper Mathi Shell Union 01l _ Tide Water Assoc Oil v. ypsum Year Ended December 31. CocaCola_Co. R D On preferred stock. X Less than 1 cent Foreign Markets oA METERDAM, April 20 (P —Bou es improved today as recent qmdnn dried up and light buying orders abpeas o drastic _government measures. nllclnc Holland under martiab law. _tende create more confidence among iraders American stocks followed the trend mestic issues, with steel and copper shar especiallys in demand 5%& Paris and Liverpool markets | pounds, 5.85-6.05; chickens, the demand for which was | good. The quotations on fowl increased | from 1 to 2 cents per pound. Young | Rocks held steady to firm with large birds moving especially well but crosses were a little higher. Ordin- ary stock was slow. Roosters, ducks and capons closed on about the same level as last week. The market was fairly well cleared except for a few of the little- wanted items. Young Rocks held firm at 19a21 | and a few sold at a slightly higher | price. Crosses were quoted 18a2l. Mxxed colors brought 18a20 and | most young Leghorns weighing 13 | | pounds and over sold 18. In fowl, Rocks increased from 1 to 2 cents and were quoted 17a19. A few also |sold at a premium. Mixed colors | | were about 1 cent higher and| | brought 15a17. 0Old Leghorns were unchanged at 13a15. Mixed cclor roosters at 10a12 unchanged and in slow demand. Young Pekin ducks. 5 pounds and | over, sold 14al6, White Muscovys | 15a16 and mixed colors 12al13. Ca- | pons continued in good demand, sell- |ing 26a28 for pounds and over. week. Egg Prices Narrow. The egg market showed little chenge with quotations on prac- tically the same level as last week. Daily receipts were somewhat high- er than average. The best nearby | | ungraded whites sold 16}2al7}2 dozen, with mixed colors bringing 16a1612. Most native and nearby garden | truck was about steady with last | week. Kale was lower, however, at 15a25 bushel and spinach a little easier, selling 20a50 bushel with some bringing a slightly higher price. Maryland round white pota- toes continued 160al.75 per 100 pounds. Sweet potatoes also were unchanged, best bringing 1.00a1.25 bushel and ungraded 65280. Purple top turnips were steady at 15a30 half bushel. Rhubarb was a little easier at 5a7 bunch. Livestock Market. Cattle, 25. Compared with Friday last week steers strong to shade higher, some 25 higher; top choice 1,094 pounds, 11.00; baby beef type to 10.50; bulk sales medium and good grades 900-1,250 pounds, 8.50a 9.80; common and low medium, 7.25 a8.25; small lot 629 pound heifers, 9.15; bulk fat cows, 6.00a7.00; odd head to 7.25 or above; canners and cutters, 4.50a5.75; top sausage bulls, 7.25. Calves—No receipts. Compared with Friday last week. vealers, 1.50 higher; late sales good and choice, 11.00-50; common and medium, 8.00-10.50. Hogs—650. 15 higher; practical top 6.40. Good and choice, 170-210 pounds, 6.15-40; 220-240 pounds, 5.90-6.15; 250-300 pounds, 5.35-95; 150-160 pounds, 6.00-25; 140-150 130-140 pounds, 560-85; 120-130 pounds, 5.35-70. Packing sows, 4.30-80. Compared with week ago, butchers, 170 pounds up and packing sows, 45 higher; light lights and pigs, 60-65 higher Sheep—No receipts For week ending Friday, spring lambs, 1.00 higher; good and choice, 13.50-14.00; few throwouts, 10.00-12.00; single rail deck shorn fed westerns, just Most stock held steady throughaut| those weighing 7|3, Receipts of all | bonds have been sold to date to stock were moderate throughout the | city good grade, 1050; nothing else of consequence on offer Grain Market. Opening prices were: Wheat, no. 2, red, winter, garlicky, spot, domes- tic, 1.161;. Settling prices were: ‘Wheat, No. 2, red, winter, garlicky, spot, domestic, 1.16',. Closing prices { were: Wheat, No. 2, red, winter, ‘licky, spot, domestie, 1.16%a. ]Carn No. 2, yellow, domestic, bush- | el, 74a76; Western billing at a pre- mium over this price. Cob corn, barrel, 3.50a3.70; country prices re- | ported, 3.30a3.50. Oats, bushel, No. 2, white, domestic, 57a62; Pacific Coast, No. 1, white, 72a74. On all sales of oats to the local trade, excepting those on track, | there is an additional charge of 1% | cents per bushel for storage and elevation, which is paid by the buyer. Rye, No. 2, bushel, 80a85. Barley, No. 2, bushel, 60a65. Hay, ton, 14.00a 17.00; wheat straw, ton, 9.50a10.00 | Flour, barrel, winter, patent, 6.10a 640; winter, straight, 4.90a5.15; spring, patent, 6.15a6.40; sspring, | straight, 5.90a6.10; hard winter, pat- ;ent 5.80a6. hard winter, straight, 5.60a5.85; rye flour, dark to white, | 4.10a4.90. Mill feed, ton, spring bran, | 32.00a34.00; standard middlings, | 32.00a33.00. | Insurance Stocks NEW YORK. April 20 (#.—National Association Securities Dealers. Inc.: Aetna Cas (4a) | Aetna Ins (1.60a) _ Aetna Life (1.208) _ Am Reins (1. Am Reserve (112) Am Surety (215) | Automobile (1a) R EESE Cas (3) ¢ H'nshir: a. 60) - Rh s = St. Paul Fire (8) flhld (4'28) fe (15) - Travelers (16) U s Fid & s Us () : wesu:hener (1.208 31% ® AlSo extra or extras; & Declared or paid 50 far this year. 2 Paid last Quotations tllllon of Securities Dealers. ich they do not necessarily ‘rellecv. al transactions or firm bids or offers, but should indicate approximate prices. 33% Inc., whi New York Sugar NEW YORK. April 20 (.—World s futures breezed ahead 3 4 points_tod Speculative buying w: conditions, lullr bmnu ll and with most, Holders loath to sell nrlgos oaulekly responded. Sales to nl} 8. domestic 1ist held steady undei guidance of Cuban buying. Profit taking supplied contracts. Final range was 1 lower to 1 higher on turnover of R 700 tons; May, ; July, bid. In the raw mai Cubas were priced at 2.95 cents & pound, duts paid. Philippines and Puerto Ricans for late Anril and May Celivery were held at 2.5 to 2.07 cents, but no sales were touterll refiners continued to quote 4.50 cents for refined. No. 3 range follows: Lflw Metal Market YORK, ABril 20 electrolytic spot. 50 Tin steady: si 47.2 ward, New York. 51018 t 8 Dine. sieady. East Bt. Louts. apar for ward, 5.75. Pig iron, sluminum, antimony. quicksilver, platinum. Chinese wolframite and domestic scheelite unchanged. Loy Val ;ey, gonn, b¥s nd nearby, NEW teady: 1 .37 Va-! iUnited States Treasury Posi By the Associated Press. The position of the Treasury April 18, eceipts Net balance Working balance included Customs receipts for month Receipts for fiscal year (July 1) Expenditures Excess of expenditures Increase ovt Gold assets ion compared with comparable April 18, 104 ‘Z 40. 038, 6.1 030 24 159 TERTIO Owners of INVESTMENT PROPERTY © Our active management departme is preparcd and equipped to handle producing %Anm ‘your property scientifically - thercby the maximum SOUND RETURN rican (ompany REALTORS 807154 STNW. NAtional 8032 NET WORTH NATHAN POOLE. CPM: Property Manager OVER 1700000 Asked. | “ | banks. Morse & G furnished by National Asso- | Agitation for War Credis Expected fo Be Successful Bpecial Dispatch to The Star. NEW YORK, April 20—A war boom in this country hinges on one big factor, according to the Financial ‘World, which points out that, though it has been nearly eight months since Europe became embroiled in warfare, the effect of war purchases upon the rican economy has beern relatively small with the excep- tion of a few industries such as the aircraft manufacturing industry. “It is no exaggeration to state that this country’s ‘cash-on-the- barrel-head’ policy has been princi- pally responsible,” states the maga- | zine in its forthcoming issue. “Had the allies been able to obtain credits, their purchases would have been substantially greater. “Agitation in favor of relation of credit restrictions is growing, particularly among the farmers, who have been keenly disappointed at the lack of export demand for their products. Several plans have already been advanced for establishing credits through devices which would not violate the letter of the law. “Although nothing is likely to be done, for political reasons, until Congress adjourns, it would not be surprising if a first step toward ex- tension of credit should be taken soon thereafter.” Commodity Price Changesin Week By the Associated Press. NEW YORK, April 20.—Grains led a rise in cash wholesale commodity markets this week as British-Ger- man fighting in the European war | widened in Norway. ‘Wheat, corn, oats and rye all-ad- | vanced at Chicago. Wheat for for- | ward delivery climbed to the best| levels since September, 1937. Gams; aggregating 9 cents a bushel in 11 days brought profit taking and | there was some tapering of values near the close, but the bulk of the | improvement was retained. Cash cotton sold lower at New York. A receding price accompanied | dips in the futures market as| liquidation by both domestic and | foreign houses met only light trade buying. The Assoclated Press index of 35| weighted wholesale spot staple prices was buoyed by rises in wheat | and other commodities, and ad- vanced for the third week in a row. The index, with 1926 as 100, rose to | 7394 from 7311 in the preceding| week and 65.13 a year ago. | The better grain prices out-! weighed declines in cash cotton and the grains and cotton compo- | nent of the index stepped upward to a 1940 high. A top for the year also was re- | corded by the livestock component ! as hogs stepped ahead at Chxcago The component advanced, de<pue slightly lower quotations for cattle and lambs. Among industrial raw materials, | higher price tags were affixed to Association Securities Duler-m cash hides, rubber, turpentine, lum- | ber and tin, although cement and | coal were cheaper. Cash wool was more expensive in | the textile division, while silk de- clined. Table food items costing more in- cluded eggs, sugar, cocoa flour and lard, but cheaper was coffee. The commodity index, and its components, compared as follows: How Is Business? (Current Business Activity Compared with the Bame Week a Year Ago) -mmmm-m GENERAL BUSINESS ACTIVITY for the eountry Indicated by Bank Debits outside N. Y. City, Shaded areas show wesk of activity sbove the comes ACTIVITY BY FEDERAL RESERVE DISTRICTS Check Transections Compared Richmond Atlenta. ... Chicago. St. Louls. Philadelphia Cleveland . LEADING BAROMETERS Business in Dollars (Checks Cashed). .. Employment (Department of Labor) . Wages (Department of Labor) .. .. Cost of Living (Nat'l Industrial Conference Bogrd). .. Wholenle Prices (Fisher's Index). . .. Agricultural Prices (Bureau of Labo Movement of Goods (Cerloadings) . Retail Trade (Federal Reserve Boerd). . . . Building Contracts (F. W. Dodge Corporation). Failures (Dun's). . Bond Prices (Dow-. Janu Stock Prices (Composite Dcv./am) Stock Market Volume (Shares Traded). CCAMBRIDGE ASSOCIATES—BOSTON [Fe8, [MAR APRIL ] wonding week of the previows yeor. Black arees Indicate declines from sume weeks twalve months earlier. Changes shown In parcentage. with the Same Week o Yeor Ago +22% Commodity Prices NEW YORK. April 20.—The Associated Press weighted wholesale price index of commodities t advanced Previous ds 73.04 week ago. 73.16; month &go, 72 69 vear ago, 65 i 7. High Low. 1.8 #3.88 (1926 average equals 100.) Additional New York markets as com: piled by the Associated Press: Santos “July, - 5.84b: 7, “A""futures (new) unchanged. | No sales, STRAITS changed 1o 5 lower. May. 46.95n; July. 4 lead and zine futures. ‘WOOL TOPs—Fu(urel clflled unchanged points h(% b, July, 15.4D; October, 9 101.5. off 0.5. COCOA—Futures_closed 1 to Sales. 13,216 tons. May, 5.90; July. September, 6.03 CRUDE_ RUBBER_Futures lower 1o 7 hisher. No. 3 contracts December, 18 \')U 19.87n. RAW HIDES—Futures closed 1-6 higher. ounds. J 13.00: ber. 14.2 March, 18 7in. Spoi No. Western light native cows, 13'an. b Bid. n Nominal TIN—Putures__ closed Sales. 22400 pounds. | 6.75n. No sales in 5.080; closed 9 1 Standard -0 19.0 ul " Smokea. ribbad 890 Investing Companies NEW YORK. April 20 (#) I—N-unml o A Admin Pd 2nd_Inc P Aeronn..!. Bec c Chemical Comwith Invest April 16 Previous Year | Soniinental a 35 commodities _ I3 b o8da| Industrials Food Efvestock - Non-ferrous metal * New 1940 high. | Dividend Meetings (WORK. April 20 (Special) — Amony mportant companies which B Ho1a videne. maectinge A weok are American Smelting & Refining Co.. Beth- lel:em Steel Corp.. Chile Copper Co. 9141055, Freeport Sulphur | 5 nitely scheduled is reported by Fitc! Vesiors ‘Service. as followers 7 riieh In- Monday, April 22. Creameries of Am ri I 3.5/ P aaer ot erica, Inc. ($3.50 conv. M-nhuun !hll’l Co. (Com \ (10 am.) ‘uesday, April ad Amenun Bmelunl & Réflfllnl Co. (com.) ad‘x,son Square Garden Corp. (com.) m Nlllon 1 Biscult Co., (7% pfd. & com.) “Nmnn,ml Gypsum Co. ($4.50 pfd) Norfolk h Western Ry. Co. (com.) (11:30 a.m.) (Re ding Co. (4% non-cum. 1st ptd.) Eum anoes PR 01 am Umtefl Enlm!erlnt Foundr: 7% D(d & :dnn&\ l}lf;‘ & R R f&m) @ o Pro zment Co. ($5 pfd. & Wed nelflly‘ April 24. wpfierioan” Tobaceo Co.” (com. & com. Armnmnl;Cork Co. (4% cum. conv. pfd. Barnsdall mx'Co (com) (11 8 s irbanks, & Co., XHE Icom) 10 a.m.) Fredport sulphur co. (com) (3:30 p.m) Hl:kennck Water 7 & | cop3 AT )d Co. (» ° Pd “A" & | Co (com.) (12 m. . om Bevator Co. (6% Brd B eomy (1 Wellinlhuu!! lleclrle & M(( Co. (7% t "ptd. & com) (10:15 a.m.) « wanv-co) Chiorine Products Corp. (com.) Thursday, A American Home Frodu ril 25, e fucts corv (com.) 'AmeTican Metal Co.. Ltd. (8% conv. ptd.) u'&thlmm Steel Corp. (7% ptd. & com.) Chile Copper Co. (com.) (11:30 Hllmlllvnvsvlu:h Co. (8% slnlfl n&r’n :om.) lnummon 1 Ry “” “) Al Rys. of Central America “H’u *u'.e ou Refininfi Corp. (com.) lr!gn Foundry & Pipe Corp. (com.) (2 p.m. Avril curtts Pubiisning “Hazel-Atlas Gl Phoenix Hoslery 1:30 a.m.) 26. (87 ptd) (10:30 Co. (com) (10 a.m.) Co. (7% 1st pid.) Federal Land Banks NEW YORK, Apri} —~— Bk ot pri} 20 (#).—Pederal Land 4s July, 1046-44 - Fair- | | Keystone | Keystone Corporate Trusi Corporate Trust A | Group Sec Agric | Group Sec_Automobile Group Sec Aviaiion. Group Sec Building | Group Sec Chemical- Foods__ Incorp Investors. Indepenaence Tr Sh Inst] Sec Bank Group. Instl Sec Insuranc Investors Fd “C" Inc Custodn B 1 Custodn B Custodn Custodn Custodn Custodn Custodn e Keystone Keystone Keystone Keystone Keystone Keystone Custodn Keystone_Custodn 8 4_. Manhat Bond Fund._. Maryland Fund. Mass Invest Tr Mutual Invest = - | a5 19190915 B MDD BME A LD B D " cks. Stock Bldg Supply. Stocks Chemical DD e e DANE LT L2 i on < SRERERREEAESESE] Aa SR ETOIES » Suver of A Super of Am Tr Super of Am Tr Supervised Shrs_ *Trustee Stand Inv +Trustee Btand Iny D Wellington Fund_ 14.9 Quotations furnishe: v National Asso- cintion ol Securities Dealers. Inc. which states they do not necessarily reflect actual sactions or firm bids or offers, but should indicate approximate prices. and fnless otherwise indicaied, are as quoted the SPONSOrs Or issuers. "« Thdica “Not quoted by sponsors or issuers. ANNOUNCEMENT We Take Pleasure in Announcing That ROLAND A. WADDILL Is Now Associated With Town sna Country Motors, inc. Distributors Lincoln-Zephyr and Mercury SHOWROOM 1636 CONN. AVE. PHONE MICH. 3524 | | | Miscellaneous Markets. } .l | No. o Tretani | g8 up- | 55, Spor, standard iops. | higher. | FINANCIA Lumber Production Up Moderately in Week Lumber production during the week énded April 13 was 2 per cent greater than in the previous week; shipments were 5 per cent greater; new business, 3 per cent greater, according to reports to the National Lumber Manufacturers Association from regional associations covering the operations of representative hardwood and softwood mills. Shipments were 5 per cent above production; new orders, ‘7 per cent above production. Compared with the corresponding week of 1939, pro- duction was 6 per cent greater; ship- ments 4 per cent greater and new business, 6 per cent greater. The industry stcod at 66 per cent of the seasonal weekly average of 1929 pro- tuction and 72 per cent of average 1629 shipments. Reported production for the 15 weeks of 1940 to date was 11 per cent above corresponding weeks of 1939; shipments were 6 per cent above the shipments and new or- ders were 9 per cent_above the or- ders of the 1939 period. For the 15 weeks of 1940 to date, new business was 9 per cent above production, and shipments were 6 per cent above production. The ratio of unfilled orders to | per cent a year ago. a year ago; gross stocks were 2 per cent loss. Chicago Produce CHICAGO, Auril 20 (.—Butter, 812- A a score. 27; 055~ tioady: storage packed 18%; firsts, 18; Chln ed. 139; Potatoes. U. 8. shipments. ‘Chicugo Livestock | _CHICAGO, April 20 (United States De- | 1.8 | odd lots, good to’ choice. 180-320 Ibs.. 5.8i | 8.00 hnldnvex, 300; compared week ago: 180 Ibs. ets, 5060 Up: Packs higher: W le, 100 calves, none; compared | Friday last week: Fed steers and vearlings very active, 25 higher, with all interests in market and shippers and order buyers short of good to cho! ttle at close; fed | heifers shared steer advance: beef c higher: canners and cutters, teady to strong. and vealer: eeder trade broi | thin and fleshy cally rvgmmm | light yeariing crop being me aling proci strictly good and choice TS very scarce. bulk steer fum * weight and weighty hort-fade, with strictly choice kinds very nd strictly prime ofterings absent: rlings, very little “below B150 a} close: Bulk. & 85-11 00: best welsht fed heifers, '10.65; light offerings 10.00 COWs very scarce. strong, cutters selling at 590-6.00 freely: heavy sausage buils. to 5.,5nd selected welghty vealers, io 12.00; Salable sheep 2.000: total. 4.500: late laimi, closed - uticven But | 0.85-10.25; two loads Colorados. | Tkt nd” unfncsned omevimgr 5.5 117 Ibs._wooled Colorados. 9 Ibs. clipper! Wi ambs at 9.7 from: .50 Compared Friday last week Fed wopled Western lambs. ‘mosily Colo- 50-85 lower: week's bulk. 10 105 early. top 3i.00 with_'bulk handy-w 10.25; shorn lam| . most ' sales. 9.10-8.50 Westerns averaging 117 light and unfinished offerings o best wooled Western ewes 5.5 430 ‘most maiives, 3.00-4.25; o 5.00 wosled most down: 0: clippers, odd head. elshty lbs, 9.8 “U. S. Treasury Notes- NEW YORK. April 20 (P.—Prices | uoted’ in dollars and thirty-seconds . Mo. Year. > +3 FEY 2955 Erinonia: SHABEDRD 1| ol E85naTS 55555 il bl ) 2323, Odd-Lot Dealings The Securities Commission reported yes- | terday these transactions by customers | with ‘odd-lot dealers or specialists on the New York Stock Exchange for April 19 5.444 purchases involving 4 shares, 4.868 sales Involving 13 shares. in- 3 0 | cluding 132 short sai E cluding sales involving 3.603 FIRST MORTGAGE LOANS I ® D. C. AND MD. CON- | STRUCTION MONTHLY PAYMENT PLANS ©® REFINANCING Lowest interest rates. Interest charged only as money is advanced Ummediate service PHILLIPS & CANBY, INC. dAtional 4600. 1012 15th 8t. N.W Huw to BIIY and SELL STOCKS Free Book “Trend Interpeetation” tells how you can | know when to buy ard when to sell stocks to profit by Long Term and Bbort Term Market Trends. Write todsy for your Free Copy. It shows trend changes from mzdwdaul;‘hwtdhhwmmum'b- trend ia to be Up or Down and profit y. 1t shows each one of the T. Em-mem accurste advices from depression bottom in 1932. All advices besed on sound, tested, mathematical eom- putation, not “bunch” or guesswork. Write for your Free Copy of “Trend Interpretation” Today. T. E. RASSIEUR Trend Interpretation Service Dept. A-27, Continental Bldg., St. Louis, Mo. Iy ET us Saturdays 9 to 12 Pri at mostly steady: buik-fed Wooled Westerns, | | B Office Hours 9 to 4— veéry heavy: deman B" hundred e anks, U 8 1 few sales. 180-2.00. McClures. U 5, B Triimahy 80785 per ‘cen L few sales, 140-50 | 75-85 per cent. U. 8. | sin_ Bliss Triumphs. u' 8 e Stotk rusplics Tiveral: ow. weak: Texas Bliss Triumphs, U. + for 50-pound sack 1.50-55 140 U. 8 1. size B. washed, Cnlilarnll Long | der init 0-pound sack. | sacl wing some ADDlted sacks. | 1,157 car nhflwml decay and spotred sacks. U 8. 1. 100-pound spots and some decay, ‘l:hrd “Showing ‘New York Bank Stocks | NEW YORK. Aprii 20 (P —: | Association Secirities Deslers,” in | lnnn: nuouuem\ BK of Am NTS (SF (3.0 391 g 8 » SRBSER | cen én w0 . ae B8 o Do S na B n et Manuf'ct'rs Tl’ pf (2) Natl gity (1) oo Pty | TRUST NOTES Secured on IMPROVED property in or about D. C. gross stocks was 22 per cent on| April 13, 1940, compared with 17 Unfilled or- | ders were 28 per cent heavier than | other prices un- | Early_Ohios, | Wi Y. Foreign Exchange NEW YORK. April 20 (P —The Britith pound " responded witha cliinb of 2 cents to news from Paris holdinz oub nn.u Would HOt foin the War as an Sterling Juggled back and fojth during the week, but the statement by Pre Premier Reynaud that Prance and Italy might form an entente did much to re- assure a_nervous foreign exchange market The Canadian “coliar haived ' Fridays severe loss with a gain of % of & cent at 85, Unlttd States cents. The French franc moved up .01 of & cent and the belga a emilar amount The suiider and Swiss ranc wers unchang Closing, rates follow (Great Britain in dolllrs, others in eems? Can: Ofcial ‘CanadiSa™ Control Board_rates for United States dollars: Buying 10 per cent premium, selling 11 per cent premium, cquivalent to discounts on Canadian doliarg {n New York of buying 9.01 per cent, sell= ing 909 per cent. Canadian dollar in New' York open mar= et 15 per cent discount, or 85.00 United tates cents. B-11 axls Great Britain, demand 3.52%. cables 53, 80day bills 3,503 00-day "billa s . un- 40 No, Rumania, 55n; 43. Yugoslavia, jin Americ witseriand, Argentina. cial, 29 Bragl oeial 008 free, 5.10. 16.75n. | Far East. e Jlntil 23.48; Hong Kong, 21 95; Shang- {Rales in snot cables unless otherwise indicated. n Nominal. ree, 23.00, Mexico, Money for Construction Loans and Loans on Compleled Properties (Owner occupied or rental) Favorable Rate FIRS1 DEED OF TRUS1 ONLY | GEORGE |. BORGER L] 643 (ndiana Ave 4.W. Natl 0350 Black and White or Color Photo Offset Reproductions in Planograph Finest service on commercial ot printed matter. Ask about our reprint and extra copy service. MEtropolitan 4892 J e XX S0 %% &% A 2 JRD AND N nmb Letterpre or Offset PRINTING Consult our repre- seniative on how i XX RRR O QRKL N o - K your inquiry! Lincoln 60680 24 Howrs o X X X Ko Made at lowest available in- terest rates, commensurate with type of security offered —plus the following fea« tures: @ All initial costs are definite, and there are no renewal charges at any time. Monthly paymenis for construction loans | and term loans from | 3 to5 years in D. C and nearby Virginia | and Maryland. REAL ESTATE MORTGAGE AND GUARANTY CORP. 1610 K St. N.W. NAtional 1403 Free to Executives and Investors 16 Bank and Trust Company Statements A reprint of reports of con- dition of 16 Banks and Trust Companies of Washinghm, D. C., and vicinity as of March 26, 1940, which ap- peared in The Evening Star. Invcluable reference book- let. Free on request to Ex- ecutives and Investors. Ad- dress Advertising Director, The Evening Star handle your real and home loan financing. Applications considered on improved property, not only in Washington but in nearby Maryland and Virginia. There are no commissions or renewal charges. Interest only on unpaid balance of principal monthly. * Many savers have accumulated substantial balances by regular additions to their share accounts with us. Consult any of our officers for information. No obligation, of course. AMERICAN BUILDING ASSOCIATION 300 PENNSYLVANIA AVENUE S.E. OFFICERS: miL CHARLES . KINOLE, President ARTHUR C. BALSER, Vice-President WILFRED M. BLANZ, Secrstary HOWARD B. KRAMER, Treasurer GUY M. NEELY, Consuitant Appratser Acsets are now in excess of $12,600,000.00 HEEITITI IO ARRRRRRRR T ] . PROSPERI, Chairmin of Board JOMM E MERGNER may be made to con- form to borrowers’ family income. Special “Home pro- tection Policy” (op- tional with borrower) pays off mortgage in case of death. Payments by Mail made easy by s cially devised Plan. These combined features make the simplest, most eco= nomical home-loan on the market. i Consult Our Loaw Depart- ment for Further Information FIRST FEDERAL $avinGs anb Loan AssOCIATION Conveniently Located: 510 13th St. N.W. (Bet. F & G) (No Branch Offices) \\\\Illlll|||||||||||l|I|||l||lllI|lllIIIIHIIIIHII|I|II|IIIIll|l|HI|IIllI|II|l|lIIIIIIIIIIIIIIIIHIIH//// REAL ESTATE LOANS - \\. LINCOLN 0130 DIRECTORS: CHATHAM TOWERS BERNARD L OYLE RGEON w. n'un‘u\'nvl';:'lu. OR. WM. C. FARMER 20 TN