Evening Star Newspaper, April 22, 1940, Page 16

A—16 #¥» Washington Gas Sales Up Sharply In First Quarter Increase in March FINANCIAL. C., MONDAY, APRIL 22, 1940 EW YORK STOCK EXCHANGE 2:30p. ll 2:00 p.m. les— Net. Sales— Net. Add 00. High !.oI Close. chge. Add 00. High. Low. Close. chee 334 3 -1 40s 39% 39 39 32% 82 32 -% 61 4 13 12% 13 bl% + % 3% 2 22 21% 22 3%+ % 10 22% 22w 22% 15% 15% + % 16% 1 20% 20% 20% 16% — % 1 102% 102% 102% 26% + % THE EVENING STAR, WASHINGT TRANSACTIONS ON THE N By Private Wire Direct to The Star. 2:30 p.m. Ihl— 2:30 p.m. Sales— Net. Add 00 High Low Close chee 108 142 142 142 +24% - 8 % TH Ty Adams-Millis (1) 25 25 + Alr Reduction (1a) 49 + 5% Air Way Elec Appl. Alaska Juneau .60.. FINANCIAL Stock Market Steady . After Early Rally Attempts Subside Prev. 1040 Btock an High L~ Dividend mu 24% 19% Crane Co 2815 Cream of Wh 27 Crown Cork & Seal. 15 Crown Zellerb’k.75e 89 Crown Zeller pf () 34% Crucible Steel __. 8% Crucible Steel pf__. 614 Cuban Am Sugar.. Prev. 1040 Stock and High Low. Dividend Rate 40% 31% Masonite Corp (1a) 25'% Mathieson Alk 1. 50 May Dept Strs (3) 8% Maytag Co 14% McCal) Corp (1. 40). 14% MeCrory Strs (1) 22% MecGraw Elec (1) Prev. 1040 Btock and Hizh Low * Dividend Rate. 40% 36% Sheaffer Penn 1.50e 13% 10% Shell Un Ofl (.60g) - 24 20% SimmonsCo . - 25 21Y% Simonds S & S .40 22% 18'% Skelly Ol (.25€) . 103% 99% Skelly Oil pf (6) 120 105 Sloss-Sheffield .75¢ Prev. 1040 Hizh Low Dividend Rate 147 141 Abbott Lab pf 4.50_ T% Adams Express _ 21 48 Stock and Ao 'i,',"," 29 341 19%, 94 a 92 s 28 & ++ 9 274 % 208 117 117 117 + % Adds Substantially To Notable Gain By EDWARD C. STONE. Sales of the Washington Gas Light Co. in the first three months of this year in the Capital totaled 4,930,844 mcf, in comparison with sales of 3921912 mcf. in the first quarter of 1939, it was reported by the company today, a gain of 1,009,- 932 mef. The excellent three-month record was helped substantially by the March sales, which totaled 1,483,820 mef, as compared with 1,215,793 in March, 1939, an increase of 268,027 mef. February gas sales in Washington totaled 1712144 mecf., in compari- son with 1,354,336 mcf. in February, 1939, an increase. of 357,808 mecf., one of the best gains in sales in the company's history. The March and first-quarter fig- ures indicate that the March finan- cial statement, due later this week, will be favorable. Virginia Bankers Cheerful. Frederick P. H. Siddons, secretary of the American Security & Trust Co., was back at his desk today after addressing a large group of Virginia bankers at Lynchburg Sat- urday night, on the present bank- ing situation. Among other points, Mr. Siddons urged that the Gov- ernment drop present lending agen- cies, which were started as tempo- rary measures, and have now come to be in direct competition with the banks. He was optimistic on the banking outlook, pointing to the substantial recovery made during 1939. The Eu- ropean war is bound to have some effect on the banking situation in this country, how much remains to be seen. The future of the gold standard is another matter which cannot be forecast at this time, Mr. Siddons said. He found Virginia bankers cheerful on the outlook. Walter Wyatt, general counsel of the Federal Reserve System, gave & most interesting address on the work and history of that organization. Mergenthaler Bids Higher. The feature of the Monday session | of the Washington Stock Exchange | was the advance in bid and asked | prices on Mergenthaler Lmobvpel stock. While the stock sold last| week at 1512, bids were raised today to 163, with the asked price boosted | to 17. No sales were recorded. The | asked price also advanced in Boston, it was reported here. The cause of the higher prices was | the report out Saturday that for the six months ended March 31, 1940, the Mergenthaler Linotype Co. had a net profit of $9,281, after taxes and depreciation, compared with a net loss of $303313 in the six months ended March 31, 1939. Capital Transit stock sold at 1414 on the Washington Exchange.| Bonds were neglected. Investment Dealers ot Meet. Emmett F. Connely of Detroit, who as president of the Investment Bankers Association of America is leading the business’ efforts to have the Federal securities laws simpli- fied, will speak in Baltimore next Friday at a luncheon of the Bond Club of Baltimore, it was announced here today. A large attendance is anticipated because of the aggres- sive program that the I. B. A. has undertaken and the fact that this will be the first opportunity for in- vestment bankers in this area to get a first-hand account of its prog- Tess to date. The Bond Club has invited all executives of I. B. A. member houses throughout the Southeastern group of the association to attend. This includes dealers in the District of Columbia, North Carolina, Virginia, Maryland and the southeastern part of West Virginia. Construction Up in Quarter. ‘Washington’s metropolitan area registered a 10 per cent gain in con- struction in the first quarter of 1940, compared with 1939, the Washington office of Dodge Reports announced today. The dollar value of the improvement was set at $2,300,000, the situation here being more favor- able than in other sections of the country. A grouping of all types of con- struction in the Washington metro- politan area, including the District, Arlington, Fairfax counties, Va., and Montgomery, Prince Georges coun- ties, Md., revealed that the contracts ewarded for work and materials during the first three months moved up to $27,080,000 in the 10 per cent rise from last year's corresponding $24,701,000. It is significant that a more impressive gain was made over the 1938 period when the total was at $12,779,000, the report says. The largest Washington area vol- ume was found under the non- residential classification. The con- tract total for the quarter was $12,- 948,000. That is 90 per cent above the level at the same point of 1939, when the figure was $6,792,000. In 1938 the corresponding figure was $3.302,000. Residential building decreased in and around Washington during the quarter. Contracts were valued at $12,012,000 this year and $16,891,000 last year. In 1938 the corresponding total was $7913,000, the review stated. Optimistic on Business. Henry H. Heimann, executive manager of the National Association of Credit Men, says in his monthly review received by the Washington Assocation of Credit Men today, that there is a slightly more optimistic feeling among the Nation’s business- men regarding the business outlook. He says the courageous action of the United States Steel Corp. in de- claring a dividend on the common stock gave evidence of faith in the future of business in 1940 and helped to build confidence. A more con- servative trend in public affairs is another favorable sign, Mr. Hei- mann asserts. He says in conclu- sion: “The average business man with whom I have recently come in con- tact has impressed me as having reached two conclusions. First, he realizes he must spend more time worrying about his business and less about business regulations, political issues, high taxation, and other busi- ness barriers. Second, he senses that less time spent worrying about these matters means he can actually work harder to help check the adverse factors.” One hundred German pilots, all members of the German air fleet Teserve, are operating planes in Mexico. 231 110 15% 9% 34 2% 24y, 284 T 45% G ‘x 12% 3T 54 33% 145 284, 175% 8914 918 12% 117% 114 110 T4 63 43% 9 45 10015 25% 57 231y 2% 22 23% 97 51 24 8% 18 6% 8 5213 16% 13% 365 35% 32 36% 221 837% 19 12% 404 11412 43% 41l 45'% 131 20 351 112% 327% 110% 10% 8 4% 18% 15% 1% 49% Y 40% 4% 25 33 25% 69% 51‘/: 177 T4 2 25% 2 20 2 21% 4 102 Alleghany Corp . Allegh'y $30 ~f ww. Alleghany p1 xw . Allegh'y prior pf.__ Alleg-Ludlum .25e Allen Indust (.25e). Allied Chem 6) .. Allled Kid (.80) ... Allied Mills - Allled Stores . Allis-Chalmers 2 Amalg Leather Amalg peather Pf. Amerada (2) Am Ag Ch Del .30 Am.Alriines Am Bank Note Am Bank N pf (3).. Am Bosch Am Brake Shoe 30e Am Br Shoe pf 5.25 Am Can «4) Am Car & Foundry . Am Car & Fdry pf__ Am Chain & C .80e 106 Am Chain&C pt (5). 10'2 Am Crystal Sugar 81% Am Crystal S pf (6) 2's Am Encaustie Til 13 Am & KForeign Pwr 18 Am&F P 6% pf.60k 214 Am & F P 7% pf.70k 4% Am& For'n P 2d pt 287 Am-Hawian SS (1) 4'x Am Hide & Leather 33% Am Hide & L pf (3) 56% Am Home Pr (2.40). 2% Am lce 24% Am lce pf (.60e) 18% Am Locomotive 514 Am Locomotive pf_. 13 Am Mach & Fy« $0) 2% Am Mach & Metals. 21% Am Metals (.75e) _ 3 Am Power & Light 43 Am P&LS$5pf 1.875k 813 Am Radiator - 13% Am Rolling Mills 11% Am Satety Raz 1.20 29% Am Ship Building .. 46 Am Sm & Ret 50e _ 25% Am Steel Fdry .25e. 12 Am Stores ( 25e) 18% Am Sugar Refining. 167% Am Tel & Tei (9) ._. 85 Am Tobacco (5) 86% Am Tobacco(B)(5 8% Am Water Works 7 Am Woolen 39 Am Woolen pf (3k). 5% Am Zinc 39 Am Zinc prpf 2 50k 26 Anaconda t.25e) 110 Anchor H G pf 6.50 106'z Armour(Del)pf(7). 5 Armour «111) = 46% Armour (111) pr pf_ 37 Armstrong Ck 25e. T4 Assoc Dry Goods __ 36% Assoc Invest (2) __ 972 Assoc Invest pf (5) 21'3 Atch Top&Santa Fe 50's Atch T&SF pf 2.50e 16 Atl Coast Line = 13% Atl Gulf & W Ind 13% Atl Gulf & W Ind pt 20': Atl Refining (1) __. 8%, Atlas Corp ( 50g) . 47 Atlas Corp ot (3)__. 1'5 Auburn Auto (r) 6 Aviation Corp Baldwin Loco ctfs Balt1 & Ohto (r) _. Baltl & Ohlo pf (r). Bangor & Ar pf (5) Barber Asphalt 25e Barnsdall 011 16e Bayuk Cigar 25e Beatrice Crea (1a). Beech Creek (2) Bendix Aviat'n (le) Beneficial Loan .45e Best & Co 1.60a) Bethlehem Sti (1e). Beth Steel pf (7) Bigelow Sanf'd(le) 9% Blaw Knox 55'% Blumenthal (S) D!. 191 Boeing Airplane 21%; Bohn Alum'n (.25e). 22 Bond Stores (1.60)_ Borden Co (.60e) _. Borg-Warner .25e. Bower Roll B (3) Brewing Corp (.60). Bridgeport Brass Briggs Mfg (.60e) Bristol-Myers 2.40_. Bklyn-Man Transit. Bklyn-Man Tran pf. Bklyn-Man pt ctf: Bklyn & Queens Bklyn & Qu pt ctfs. Bklyn Un Gas .50e._. Brunswick-B .25 Bucyrus-Erie Bucyrus-E pf (7) Budd Mfg _. Budd Mfg pt Budd Wheel Buliard Co (.25e Bulova Watch (2a). Burlington M (1) _ Burr's Add M 20e. Bush Terminal Bush T Bidgs pf. Butler Bros (.15e) Butler Bros pf 1.50. Butte Cooper _ 11 Byers (A M) Co 643 Byers AM pf 4.33k _. 13% Byron Jackson (1). 211 Calif Packing .25e_. 51 Calif Pkg pf (2.50). 1% Callahan Zinc z 615 Calumet & Hec .50e. 13% Campbell Wy .65e. 16!z Canada Dry 4% Canadian Pacific . 37% Cannon Mills (.50e) 5 Capital Admin (A)_ 215 Carriers & Gen 0je. 47% Caterpillar Trac(2) 26% Celanese Corp .60 107! Celanese pr pf (7). 9% Celotex Corp % 62 Celofex Corp pf(5) 21% Cent Aguirre (1.50) 2% Central Foundry __ 414 Central RRof NJ__ 6% Central Vio Sugar . 36% Cerro de Pasco (2e) 6'x Certain-teed 27% Certain-teed pf_ 21 Champ Pap & F .15e Champ P&F pt (6) - 38% Ches & Oh1 (2.50)_ 9% Chi Mall Order 1% Chi M St P&P pf(r). % Chi & Northw'n (r). 3 Chi & Norwn pf (r). 107 Chit Pneu Tool ___. % ChiR1&P (r) 11 Chickasha Cot Of1 4% Childs Co 7914 Chrysler Corp 1.258 12% City lce & Fuel 30e 28 Clark Equip (1a) 111 Clev EI [1lu pf 4. 50 35'% Clev Graphite( 40e) 35% Climax Molyb 1.20.. 35% Cluett Peab (.50e)_. 118 Coca-Cola (.7be) 1614 Colgate-Pal-P (.60) 28 Collins & Alkm'n 2e 110 Collins & Aik pf (5) 17 Colo Fuel & iron _ 23 Colum BC (A) 45e. 22% Colum B C (B) 4fe. 5% Columb G & El 20e. 86 Col G&E pf (A)16) 19% Columb Pic pf 2. 45 Comcl Credit t4) .. 51% Comel Inv Tr (4) 13 Comcl Solvents 30% Comwith Ed (1.80 1 Comwith & South'n. 62% Comwith & 8 pf (3). 217% Congoleum (.25e) __. 8 Congress Cigar 25' Consol Atrcraft .. 7% Consol Cigar (.75e). 86 Consol C pr pf 6.50. 7% Consol Cop M .1 30% Consol Edison ¢2) .. 107 Consol Edis pf (5) . 813 Consol Film pt .25k 7 Consol O1l (.80) . 3% Consolidation Coal_ 14% Container Corp 25e 12% Cont1 Baking (A)._ 1 Contl Baking (B) .. 41% Contl Can (1e) 6% Contl Diamona 38 Contl! Insur 1.60a 3'» Contl Motor 221 Contl Of] ¢.254 25 Contl Steel 250 15% Copperweld Stl 20e. 521 Copperweld pf 2.50. 53 Corn Exchange (3). 581 Corn Products (3).. 170 Corn Prod pf (7). 4% Coty Ino (.25€) .. A 19% 14 4% 53 384 J13% 108 25% 26% 301% 264 21 3515 700 115 215 21% 31w 6 10% 19 51 13% 49 48 11y 1214 8 101% 4% 3T 4%y 20 283, 18 10% 34 8 655 203 31 rocs - 0 S0 30 10 03 50 i S B 1O O o n I H 14+ £ F ES 25 5 e 2! lR 17A‘u 1734 884 LI FEF & P i © £ % 200s lllh 111y 1 109% 109% 165 T Th 641 634 413, 41y ™ % 43 43 99% 99y 2215 57 17 211 -+ 21% 23% 9 +x+ 140 54». ‘ & +ltt 4+ +1 53 2% 2% 51% 51 345 33% 140; 11814 118 6 10% 10% 70s 68l 6814 3°264% 2513 4 2h 2% 2 4y 11 11% 2 38 6 6% 320s 31 2 29% 208 104% 104% 10 40 391 2 10% 10 Y% % 5, 12% % 15% 54 +++10 EEEEEEE FEE S8 & +H+1 1+ B + FEEOPFE L F o Fr2 % % 124 % 15% 5% 874 86l 1315 13y 39 3 39% 10s 112% 11215 2 40% 40 2 39 39 6 41% 41 1126 126 13 16% 16% 33 33 Gl)n l!l’é lll‘/x 111% 19% + % 24% + % 24% + W 6% 89% —1% 20% - % 45% + % 534 — 3% 15% - % 32% 1% 65% 22 11% + 80 1 ++ 4+ o 24"& 24\4 244% 6% 8914 20% 45% 534 15% 324 1 9 1 2 3 5 5 2 4 2 2 FE OFEE F 24% 6814 b4l 113% 27% 19% 23% 5% 23% 43% 20 38 24Y 2387 189y 118% 44w 6 166% 37 1T% 1w 418 18% 1% 8% 117, 41 49% LY 130" 56% 127% 1 1 19y 991y # 33% 15% 308 24%, 13% 1819 234 6% 517 9 5814 19% 3% 34 20% 247 4 1% 9ty 10 16% 364 2774 18% 291 142 3514 173 35, 79 Cub Am 8 pf (2k 124% Cudahy Packing 26 Cuneo Press i1.50). 3% Curtis Publishing.. 94 Curtiss- Wright 27% Curtiss-Wr(A) .50e 111 Dayton P&L pf 4.50 19% Deere & Co 25% Deere & Co pf(1.40) 16 Deisel-Wem-G .3760 16% Del & Hudson __ 4% Del Lack & Wn 18% Devoe & Hay A 25e 38% Diamond M pf 1.50. 18% Distili-Seagr (2) 34% Dixie Vor(A)(2.50). 16% Doehler Die C .25e 18 Dome Mines (2) _ 75 Douglas Air (3g)._. 14% Dresser Mtg 175 Du Pont (1 76e) 114% Duquesne 1st pf(5) 26'« Eastern Atr Line Eastn Roll Mills 145 Eastman Kodak 27% Eaton Mfg ( Tbe) 15% Edison Bros S (1)__ % Eitington Schild _ 34% Elec Auto Lite .75e. 12% Electric Boat 60g. . 1% Electric & Music _. 4% Elec Pwr & Light % Elec Pwr & Lt $6 pf 26% ISlec Pwr & L.t 37 pt 28% Klec Stor Bat (2) _. Elk Horn Coal __ El Paso Nat G (2)__ Endicott-John (3)_. Equit Office Bldg . Erié RR «r) -~ Erie RR 1st pf (r) . Eureka Vacuum Cl. Evans Products _ Ex-Cell-O (.40e) Exchange Buffet. Fairbanks Co pt Fairb’ks M Fajardo Sugar 50e. Fed Lt & Trac (le). Fed Motor Truck _ Fed Water Sve (A). Federat Dep St .75e. Fidelity Phoe 1.60: Firestone Tire .50e . Flintkote (1g) Florence Stove .50e. Follansbee Bro (r). 27'% Food Mach (.25e) 105 Food Mach pf(4.50) 164, Foster Wheeler 317x Freeport Sulph (1) 2% Gair «Robert) __ 12!3 Gair (Robert) pt ___ 13 Gamewell Co 75e _. 101 Gannett Co pf (§) 44 Gar Wood Indust 11 Gavlord Cont (.10e) 614 Gen Am Invest _ 51 Gen Am Tra 2.375g. 7 Gen Baking (.15e)_. 7% Gen Cable 18% Gen Cable (A) 483 Gen Cable pt _. 17': Gen Cigar 25e _ 113% Gen Cigar pf (1) _ 367x Gen Electric (.35e) . 4514 Gen Foods (2) 2 Gen Gas & El (A) 126 Gen Mills pf (5) __ 51 Gen Motor (.75e) 12313 Gen Motors pf (5) __ 87% Gen Print Ink 10e % Gen Public Service_ 15% Gen Rwy Signal 86!> Gen Rwy Sig pf (6) 'z Gen Realty & Utll . 27% Gen Refractor 25e. 14'2 Gen Shoe (1 24 197 Gen Telephone 1.20 11% Gen Thea Equ .20e... 15% Gen Time Inst .25 18 Gen Tire & R 50e _ 6 Gillette Saf R (.60). 47'; Glllette S R pf (5) .. 7 Gimbel Bros 474 Gimbel Bros pt (8 16% GliddenCo 2'3 Gobel (Adolf) 21 Goebel Brew (.20).. 1614 Goodrich (BF) 21% Goodyear T&R 50 3 Gotham Silk Hose_.. * Graham-Paige - T% Granby Consol .50e_ 915 Grand Union x ctf; 13 Granite City S 31% Grant (WT) 1.20e. 22% Great North'n pf 1213 Grt Nor O ctfs .75 27 Great Wn Sug (2).. 133% Great Wn S pf (7)_. 30% Green (HL) ((2a) 15% Greyhound (1) 2 Guantanamo Sugar. s 20 Guantanamo S pf _ 13% 29 158 90 15% 5% 4TH 13 5 12% 2% 62% 171 5% 141 387 133 20% 0% 56Y% 4% 10% 834 28 17 1T T 15% 15% 109 16% 9% 103% % 45 109‘4 41 13% 18% 41% 3% 39% 46% 4% 25% 21t 28% 31 30% Hacken Water 1.50_ 'N’x Hack Wat pf (1.75) Hall (WF) Prtg (1) Harb-Walker (.50e) Hayes Mfg Corp . Hazel-Atlas G1 (5) . Hecker Prod (.60) __ Hercules Mot .25e _ 8715 Hercules Powd .60: 5% Hollander (A) __ 12% Holly Sugar 52 Homestake (4.50)__ 112 Houd-Her (B) 25e Household F pf (5. Houston Of! Howe Sound (3) Hudson Bay 1.75g. Hudson & Manhat. Hudson Motor. Hupp Motor . [1linois Central Illinois Central pf. Indust Rayon .50e _ Ingersoll-Rd pf(6) - Inland Steel (le) .. Inspiration Copper. Interboro R T (r) Interchemical(.80e) Interchem pf (6) __ Intercontl Rubber.. Interlake Iron Intl Agricultural Intl Harvester 1.60_ Intl Harvest pf (7). Intl Hvdro-El (A) .. Intl Mercantile Ma_ intl Nickel Can (2). Intl Nickel pf (7) _ Intl Paper & Power Intl Pap&P pf 1.25e Intl Ry Cen A pf 2k Intl Tel & Teleg Interstate Dept Str. Intertype Corp .40g. Island Crk Coal (2). 13% Jarvis (WB)(.375e) Johns-Manville __. Kansas City Sofi _ Kaufman Dept .25e. Kayser (J) (.25e) Keith-Al-O pf 3.50k Kelsey-Haves (A) .. Kelsey-Hayes (B) . Kendall Co pf (6a) - Kennecott Cop 25e_ Keystone Steel 25e berly-Clark (1) Dept Strs Kresge (SS) 1.20a. Kress (S H)(1.60) 2!‘4 Kroger Groc (2) 15% Lambert (.75e) .. 4% Lane Bryant 31 Lee Rub&T (. %, Leh Valley Coal 2% Leh Valley Coal pf. 3 Leh Valley RR (r)_ 21 Lehman Corp (.40e) 48% Libbey-Ow-F (1e)_ 6% Libbv McN & Lib .. 41% Life Savers (1.60) _. 105 LIgR & Myers(B)da 24% Lima Locomotive 36% Link-Belt (1) 11% Lion U1l Ref (1) 15% Liquid Carbonic.b! 27% Lockheed Aire. 33% Loew's Inc (2) .. 18 Loft Lne 2 421 Lone Star Cmt (3)_. 2% Long Bell (A) 23% Lorillard (.30e) 16% Louis G&E (A) 23% Mack Trucks 27% Macy (RH) Co (1e) 11% Madis Sq Gar .25e . 33% Magma Copper .50e. 2% Manati Sugar 14% Man Ry mod gtd(r) 141 Man Ry m gtd et(r) 28 Man Ry gtdet(r).. 14% Manhat Shirt (1)__. 1 MaracalboOll . _ 4% Marine Midrd(.20 13- Marshall Field .40 150 8015 11% 34 40 108 3% 8% 15 53% 1574 31 /%, 30 12914 7% 35% Martin (Glen).__ - T% MATtin-Parryeee... 8% 88% 15% 27 3% 107% 29 111% 111% 12 23% 23 27% 2T% 18% 18 17 17% 4% 4y 18% 18% 40% 19% 37 23% 1814 894 2T% 18774 187 115 115 40% 40y 5 4% 156Y% 34 16% 157 35% 16% L3 39% 17 1% 5% 28% 321y 32% - o ArRaanFaranTanwannwnapnoeenBonSos 14% 3% 404% 110% 4% 11w 10% 2 2 a > 5T% 561 16415 16414 3%. 3% 141% 13y 31% 301 129% 129% 204 19% 1% 69% 52 52 3% 3 8% - 8% 8% 8 270807 144 143% 68 68 614 12% 12% 109 17% 16% 9% 9% 102% 1025 36% 13% 44 3% 25% 28% 34u 15% 5% 30% E 6% 12% 12% 109 [ - PROTTPQN PP IIe- PN -JSTOTrP - PEIY man 3 285 12 lll% ll as (EENERE AR S AR SR SRS L (i oo Lot B + 1++1+ L4+ 1441 11+ +44 1+ VI ++++ 4+ + ++ g 4% = % 14% +1% 4y - % -% T% McGraw- Hill (.30e) 37 Meintyre Pore (2n) 9% McKeesport Tin 6 McKesson & Rob .. 25% McKesson & R pf.. 7% McLellan Strs 40e. 9% Mead Corp 29% Melville Shoe (2)_ 4% Mengel Co 21 Mengel (0 69% pf 13'sMerch & Min Trans 28 Mesta Mach (le) 8% Miami Copper 20e 13% Mid Cont Pet (.40e) 120 111 Mi4 Stl 1st pt (8) 54 47 Minn-Hon Ros (2a) 4% 3% Miun-Moline Imp 43'% 37% Minneap-Moline pf. 11 9% Misston Corp (.65g) % Mo-Kan-Texas 2% Mo-Kan-Tex pf._. & Mo Pacific (r) _ Mo Pacific pf (r) Mohawk Carpet .250 Monsanto Ch (2) Mont Ward (1.75¢) Morris & Es (3.875) ' Motor Products Motor Wheel (1 60) Mueller Bruss Mullins Mtg (B) Mullins Mfg pf 4 Murray Corp Myers (FE) 750 _ Nash-Kelvinator ' Nat'l Acme (.50g)_. National Aviation . Natl Biscuit « 40e) _ Natl Bond & Inv(1) Natl Cash Reg 11) Nati Cyl Gas (.20e). Natl Dairv ¢ 80) tl Dairy pf A(7). 1 Distillers (2) . 9% Nat'l Gypsum ___ Natl Lead « 50) _ Natl Lead pf(A)(7) 2 Natl Malleahle 2be. Natl Steel (.50e) Natl Supply Natl Supnlv 5.50 Df N H & Hpf (r) Shipbilding N ¥ Shipbg pf 1.75k 4 Noblitt Sparks 60e Norfolk & Wn (10)_ s Nor Am Aviation Nor Am Co ¢120) No Am Co 6% pf (3) Northern Pacific Northwest Tel (3) . Norwalk Tire 4 Oh1o O11 = Oliver Farm Equip. Omnibus Corp 1.20 Otis Elevator ( 15e) 2 Otis Stee < 2 Owens-111 Gl (1e) _ Pac Am Fishertes _ 2 Pacifie Coast —- Pac Coast Ist pt _ Pac Coast 24 pf Pac Finance (1.20) _ Pac Gas & Elec (2)_ Pac Lighting (3) __ Pac Mills Pac Tel & Teleg (1) Pac Tin Consol .20e Packard Motor __ Pan-Am Atrway Panhandle Paramount Pic Paramount 1st (6) _ Param t 2d pf « 60). Park Utah M .10e _. Parke Davis ( 80e)_ Parker Rust (1) Parmelee Trans 4 Pathe Film - Patino Mines - Penick & Ford (3) . Penney «JC) (.75e). Penn Coal & Coke _ Penn-Dixie Cement Penn Raliroad (1z) Peoples Drug(new) Peoples GLt&C(1e) Peoria & Eastern __ Pere Marquette pf Pere Marg pr ot Petrol Corp (.70g) . Pfeiffer Brew (1) _ Pheips Dodge 256 _ Phila Co 6% pf (3) _ Phila& RU &1 (r)_ Phillips-Jones - Phillips Petrol (2)- Pierce Oil pf 4 PittaCoal Pitts Coal pf ._ Pittsbgh Screw .15 Pitts Steel 2 Pitts & W Va_ Pittston Co » Plymouth Oil 1.40 Poor& Co (B) Port R Am To A(r). Port R Am To B(r). Pressed Steel Car Proctor & Gam (2a) Proctor & G pf (5)_ Pub Sve (NJ) 6be__ Pub Sve(NJ)pf(6). Pullman (.25e) _ Pure Oil Purity Bak (.25e Radio Corp (.20e) _ Radio C ev pf(3.50). Radio-Keith-uUr (r) Rayonter Inc - Rayonier pf (.50k Reading Co (1) Reading 2d pf (2)._ Reliable Stores Reming Rand (.40e) Reo Motor vtc ctfs_ Republic Steel _ Rep Stl cv pf 7.50k_ Revere Copper Reynolds Metals. Reynolds Spring . Reyn Tob (B) (le)_ Richfield Ofl «.608) Ruberoid (110g) __ Rutland RR pf (r)_. Safeway Strs 75e__ Safeway 8 pf (5) St Joseph Lead (1). St L,-San Fran (r)_. St L-San Fr pf (r) St L-So'wn pf (r Schenley Distiller: Schenley pt (5.50) .. # Schulte Retail S (r) 4% Schulte R S pf (r)__ Y Seaboard Alr L (r)_ % Seaboard A L pt (r) 17% Seaboard Ofl (1) __ 80% Sears Roebuck (3)_ 13 Servel Ino (1) 4% Sharp & Dohm: 8y 14 514 60% 1 15% 27 14% 20% (4 9 1% 185% 7912 11Y% 9% ‘61 39% 6% 18% B 44% 111'§ 104 42 36% % % h 4 11% 2 8l + % 38% +1% 10 6% + % 26% +1 8% + % 13% = W 34 + % 5 22 +u 201 +2% 29% + 4 1% - % 15% - % 120 53% +1% 3%k + 4 414 +1% 10% + 24% 12% 2% 29% 19% Snider Pkg 4 10% Socony-Vae 268 _ 2 Sn Am Gold (.10e)_. 22% So Porto Sug (1) 152 144% South P R pf (8 IS’A 20% 34% 2% 47 5T% 1% 6614 40% T 108% 2% 28% Southn Cal Ed 1.60a 11% Southern Pacific . 14% Southern Rallway.. 25% Southern Rwy pf _. 1% Sparks Withington. 41 Sperry Corp (28) 50% Spicer Mfz pf A (3) 8% Spiegel, Inc (.30e).. 60 Spiegel Inc pf 4.50 . 29% Square D Co (.30e) . (8 Stand Brands .20e lfl'!‘/i Stand Br'ds pf 1% Stand Gas & El.c 134 Stand G&E $7 pr pf 22% Stand Ol of Cal (1) 25 Stand Ol ind (1) .. 40 Stand O1l N J (1a) 76% Sterling Prod (3.80) % Stewart-Warner __ 5 Stokely Brothers. 2 23 51 11% 8 2% 29 COA 150 30% 1214 16% 27% 2% 44 57 % 39% 108 2% 2% + W 1 2% 28 147 30% 12% 16 26% 2V 431 56% 9 65'3 391 1% 17 2214 274 401 8 T % 11 24, 20 + % 150 +3% 30% + W 26% - % 2% — W 44% 1% 1% 22% 27% +1 i + + # I+ 41 & +1 * FFE ++ 1 (680 5 et e 5 . Lt4 30 2014 Vb el 16 93 431, 141 A 33 R I B I S B S o B o R B 21 51 34 101 2 115 « 35 54 148 67 28% 353, 261 519 67 20% 937 31 54 3% 115 23% 40% 5 28% 28w 118 3814 35 11% 137 11% 63 23 3% 3% 6% T 70 27% 42y 21% 3T 501 91 25 19% 14 4814 2814 17% 4% 2 We: 3 34 85 Fht+++++++100 11:00 A.M, 1:00P.M. . ncluded xBx dividena far this ye <tock year 9% Stone & Webster. 9 Studebaker .. 56% Sun Ol (1a) 9% Sunshine Min 1.60_. 974 20% Superheater (.50)__ 2 Superior Uil 28% Sutheri’d Pap 1. 20_< 22 Swift&Co (1.20)__. 27% Swift Int) (2) T'% Syming-Gould ww... 5% Syming-Gould xw_. 4 Telautograph .10e_. 5% Tennessee Corp .. 42% Texas Corp (2) 315 Tex Gulf Prod(.10e) 82% Tex Guif Sul (2) . 5 Tex Pac Ld Tr 10g. 13% Thatcher Mfg (1) __ 50'« Thatcher pt (3.60)_. 12 The Fair 3% Thermoid 26% Thermoid pf (. 15Kk). 2% Third Avenue 4 Thompson (J R) _. 27% Thomp Prod (.25e). 10 Tide Wat A O .15e _ Timken-Det Ax (1) 462 Timken R B (.50e) . 5% Transamerica (.50) 12% Transcont! & W Afr 2% Tri-Continental 4% Truax Traer C .25 9% Zuth Century Fox . 21% 20th Cen F pf 1.50 _ 2% Twin City Rap Tr- 9'2 Twin Coach % Ulen & Co (r) n Bag & Pap 15e). 7813 Unton Carb (1 10e) _ Union OiltCal) 50e. Union Pacific (6) 224 Un Tank Car 120a . Unit Aireraft (2g) . Unit Air Lines 15% United Biscuit .50e.. 54% Unit Carbon (3) 2 United Corp 36% United Corp pf (3)_ United Drug 4'; United Dyewood 414 Unit Electrie Coal _ Untt Eng & Fy 50e 5 United Fruft (4) 117% United Gas Imp (1) 10'; Unit Mer & Mfg 50e 4% United Paperboard 7% U S Distributing pf 81y U S Freight ( 25e) 801 U S Gypsum (2) _ U S Indus Alcohol . U S Leather 9% U S Leather (A) 347 U S Pipe & Fdry (2) U S Play Cards (2a) 14 U S Realty & Im«r) 32! U S Rubber U S Rub 1st pf (2e) 6014 U S Sm & Ref (2¢) 6413 US Sm & R of 350 3'% U S Steel (1e) U S Steel pf (7) 11 8 Tobacco (1 2!| 4‘4‘\ U S Tobaceo pf 1.7 1% Unit Stockyards 6% Unit Stkvds pt 70 1% Unit Stores (A) Unit Stores pf 6.504 Univ Leaf T pf (8) Univ Pictur 1st pf Vanadium — Van Raalte (.50e) __ Va-Caro Chem pf Va [ron Coal&C pf Waldorf System 60 Walgreen (1.60) Walgreen pf (4.50)_ Walker (H) (4) Walworth Co Ward Baking (A)_ 4 Ward Baking (B) __ Warner Bros Pict _ Wash'ton G Lt 1.50 5% 2 Waukesha Mot (1)._ 7 Wayne Pump (1le) 22 2 1 Wesson Oll & Snow West PennE(A)(7) West Penn E pf (6) West Penn E pf (7) 2+ W Va Pulp & P .15 nAutoS (2)_. West'n Maryland .. West'n Union Tel _ 221 Westh'se A B .50e _ 105% Westh se Elec 8758 33l Westvaco (1.40) _ 25% Wheeling Steel _ 9 White Dental (.60)_ 10% White Motor 4% White Rock 4's White Sewing Mch 19% White S M pr pf (2) 2% Wilcox Uil & G 10e 1! Willys-Overland Willys-Overl'd pf _ 47 Wilson & Co 51% Wilson&Co pf (3k)- 22% Woodward fron __ 38% Woolworth (2.40) _ 17% Worthington Pump. Worth Pump pr pf._. 43'% Worth Pevprpt __ Wrigley (3a) 21% Yale & Towne (.60). 16% Yellow Truck 10% Young Spg & Wire 37% Ygstwn Sh & T 25e 21% Ygstwn Stl D 25e _ 14'2 Zenith Radio (le) .. 2 Zonite Products _ .. Approximate Sales of Stocks on the N. Y. Stock Exchongc 8 0nit of trading rIn bankrubtcy or receivership or being reorganized under Bankruptcy Act. or securities assumed by such combanies Rates of dividend in the foregoinz table are annual dis- bursements based on the last quarterly or semi-unnual deciara- tion Unless otherwise noted special or extra dividends are not ¢ Accumulated diyidends paid last vear f Payable in stock a last ¥ Accnmniated dividends oain or declared thu vear 9 9 50 115 11% 2 62% 624 20s 124 124 9% 11% + 6215 + 124 +1 % 22% 2 Aircrafts and Steels Advance in Forenonn, But Retreat Later Stock Averages 57 Indust. Rajls. 01 suu +3 +2 +.1 +2 19.0 188 18.3 16.7 205 18.0 238 1939 low... 588 157 337 416 60-Stock Range Since 1927 8. 1932-36. 19 2.8 169 Net change ‘Today noon 71.7 Prev.day. .. 714 Month ago. 709 Yearago .. 618 1940 high_. 742 1937-; 5. 337 (Compiled by the Associated Press.) By VICTOR EUBANK, Assccisted Press Pinancial Writer NEW YORK, April 22—Stock | market buying mainly was in spe- | cialties today, most leaders encoun= | tering difficulties in extending Sat- | urday’s rally. Aircrafts and steels stepped out-in the forenoon. They found the going a bit rough and the majority eventu- | ally subsided. Early selling was ab- i sorbed fairly well, however, and gains of fractions to more than a point predominated after midday., 'The pace slowed appreciably in the | latter part of the proceedings and prices were no better than steady at the close. Transfers approximated 900,000 shares. Traders were unable to arrive at 3 o O O e I O L T e [ BN =S Tho+ | 1% = 4| 60 -1 156 +4 103% +2% 3Tk = | 354 — 1y 278 + Fy 12+ TH + u 5 81 231 + 9 9910 — -- 4 31y + u : 5 5% 5% + Th 4 10s 103 381 35% 284 12 1034 374 353, 274 4% i ® 2 107 5 10315 -2 112 244 + 3 38 44 + 23 + 2815 + 112 38 4+ 32 + 1% + 2 13y - - 10 + 51 + 112 g a 4% 23 237 2313 112% 112 38 37 32 31y 11% 21% +24% 8Rig 411y 9 49 +4 L 9 + 23 + - 18 lSlh - 14 4 6 100 42 = 22% + g 15% + 4% 3% 3y - 250,000 610,000 10 shares 12:00 Noon o 490,000 2:00P.M ____ . 700,000 X7 Ex rights a Also extra or ras ¢ Dyclared o T gad s % Pai ash or # | Consequently any definite conclusion regarding | the shifting war currents in Europe, or just how this country may be | effected, no matter which side wins. most showed an ine | clination to step carefully. At that, business news was viewed as more constructive than other- | wise, although a more-than-esti- mated drop in this week’s steel mill operations tended to restrain bulle | ishness, Touching new highs for the year— some eventually backed down—were | Allied Mills, Celanese, Armour, Wil | son & Co., International Paper pre- ferred, American Bosch and Bush | Terminal. [ Resistance was shown by United Aircraft, Curtiss-Wright, Du Pont, Allied Chemical, General Motors, | Great Nortnern, American Car & | Foundry. Radio Corp., Studebaker | and Eastman Kodak. Sluggish were American Airlines, Lockheed, Sears Roebuck, Chrysler, Anaconda, International Mercantile Marine and American-Hawaiian Steamship. Chicago Grain | BY the Associated Press. CHICAGO, April 22.—Wheat prices | were more than a cent higher at |one time today, establishing the best quotations posted here since 1937, but the market reacted sharp= ly later and contracts representing |the 1940 crop closed fractionally | lower. Nervous and rather wide price | fluctuations reflected buying based | on the war which was offset by sell- | ing due to favorable crop conditions «|over the grain belt, with rains re- ported in some localities while show= ers were forecast overnight. Princi= pal markets received almost twice as much wheat as they did a year ago. Wheat closed <, cent lower to 3 higher compared th \eslcrduyl | finish, May, $1.115%-15; July, $1. 093g= | %; com unchanged to 3 higher; \Ma\ 65, July, 657;-66; oats, | lower. [ WHEAT-— Open. % Close. 0 1 Ty 14 10910 108%-14 10914 1.00%-14 BeLLIES | May | July : No. No, 3, 4445 Burley. malting. ed. 40-50: No. 2 ma. beans,” No. 4 sellow.” 1:08%5 "% 05 Winniveg Prices. WINNIP!G Aoril 22 (#.—Grain range Prev. Close, o1t High. WHEAT— o May Close. -39% timo uotatior BALTIMORE" y T “Wheat No, %laed winter, garlicky, spct, domestic, Mail Order and Chain Sales Far Above 1939 By the Associated Press. CHICAGO, April 22.— Leading mail order and retail distributing organizations scored substantial gains in sales during March com- pared with a year ago, statistics showed today. Sales by 30 country-wide com- panies totaled $273,638,032, an in- crease of slightly better than 10 per cent compared with $248,182,341 sales in the corresponding month last year. Sales for the first three months shis year aggregated $715,- 126,355, an iNhcrease of 11 per cent compared with sales of $642,946,445, In the like 1939 period. March sales this year were aided by the Easter holidays. Easter fell in April last year. ‘Three mail ordér houses, which have been leading in the monthly comparison for more than a year, recorded a gain of only 4.7 per cent during March, compared with a year ago. Volumes of Sears, Roebuck & Co., and Montgomery Ward & Co., leading mail order houses, however, were the largest for March in their history. Sears’- sales: totaled $50,899,000, an increase of 2.3 per cent over & year £l ago, and Ward’s $38.842,199, an in- crease of 8.7 per cent. For the first three months of the year Sears showed a gain of 119 per cent com- pared with the like period in 1939 and Montgomery Ward 11.6 per cent. Wool Market Shows Some Improvement By the Associated Press. BOSTON, April 22 (United States Department of Agriculture).—A very moderate improvement in the wool market was maintained during the last week. Small sales of wools were some- what more numerous and comprised a broader selection of wools than in the previous week. Prices continued somewhat irreg- ular. Prices were inclined to ease on scattered sales of territory wools. Quotations on fleece wools, how- ever, were fairly firm. Graded combing brlnht fleece wools-were quoted at 33:to 34 cents in the grease, for fine delaine, at Mtoflmumrhl\i’bloods and 35 B.& 0. Reporis Big Gain In Operafing Revenue Net railway operating revenue of the Baltimore & Ohio Railroad in 1939 amounted to $41,129,177, com- pared with $29,738,309 in 1938, an increase of $11,390,868, or 38.30 per cent, President Dantel Willard an- nounced today in his annual report. Total railway operating revenues amounted to $161,030,252, against $134,722,330 in the previous year, an increase of $26,307,922, or 19.53 per cent. Expenses advanced, but were kept well in control. Railway operating expenses in 1939 totaled $119,901,075, | 6. compared with $104,984,021 in 1938, an increase of $14,970,054, or 14.21 per cent, the report stated., Net income available for fixed charges was $30,172,664, compared with $19,059,753 for 1938, an in- crease of $11,112911, or 5831 per cent, and shows income for the year was cnly $1,622,207 short of covering entire interest charges, against more New York Coflo;l By the Associated Press. NEW YORK, April 22.—Cotton futures registered moderate gains in quiet dealings today. Trade, Wall Street and foreign buying, partly induced by steadi- ness overseas, readily absorbed May liquidation, hedge and Southern selling. Strength in the May posi~ tion was an important factor and inspired a steady undertone to the entire list. Midafternoon prices held gains of 2 to 6 points; May (old), 10.77; Oc- tober, 10.19; March, 9.95, Cottonseed ,_Bleachable cottonseed ol Puture .-osblu:'l‘el{, s(-yl‘u L bcgnu-u:z 7 Piember, 7. ber, 7.11; December, 7.15b. New orlnnx Prices. NEW ORLEANS, April cables and trade buyini advance in cotton futures prices were 3 to 9 points higher. o 7 (). —Good mflulnced an At noon tonseed oil opened steady: May, Gblb Jul! I(Siib September, 6.56b; Octo~ than $13,000,000 a year ago, the re- | ber. port states. Eire has a renaissance in painting and exhibits by Irish painters and lectures on art are sttracting ‘War has seriously curtailed traffic through the Panama Canal. crowds. \