Evening Star Newspaper, April 24, 1940, Page 18

K—18 ¥»» Large Gains Reported By Savings-Loan Associations Steady Growth of D. C. Members Shown in League Survey By EDWARD C. STONE. Substantial gains in assets were | gcored during the last year by three- | | Prev. Hizh fourths of the member ociations of the United States Savings & Loan League, having assets of more | than $5,000,000 according to the 1939 report just made public b H. F. Cellarlus, secreta! of the league. Eleven oclations enjoyed gains of more than $2.000.- | 000 each | Evidences of a steady climb in the home financing business back to prosperity are the most widesptead which have appeared since 1930, the official says. There are now 124 building and loan member associa=- tions in the $5.000.000 assets claxs‘ and 36 have more than $10,000.000. Between 1930 and 1940 three asso- ciations in Washington crossed the $10,000000 mark, the report says, two in New York and two in Minne- apolis and several other cities had one. The Washington members are the American Building Association, with $12445,734; National Perma- nent Building Association, with $10.- 435.780. and Washington Permanent Building Association, with total | assets of $10.130,462. The report includes all institu- tions in the United States League having $5,000,000 assets. The Per- petual Building Association of Wash- ington again heads all the league members in the United States, with $50.498,343. Others in the list are Equitable Co-operative Building As- sociatign, $8,061.734; First Federal Savings & &Loan Association, $f 785,013; Oriental Building Associa- tion, $6.233,743; Metropolis Building Association. $5.913.566; Northern Lib- erty Building Association, $5.751.300; Columbia Federal Savings & Loan Association, $5,164.354. according to the national report. The Hyattsville| Building Association, assets $8.842- 554, 1s also listed. | Daylight Time Starts Monday Summer time on Stock Exchange starts next day, which will move tradit the Washington broker offices up an hour. The ticker quotations will come in on the translux.at 9 o'clock and close at 2, taking place of the present five-hour sessions from 10 to 3 o'clock. On it the New York ex open from 9 to 11. Many of the investment will also adopt the earlie and closing hours in order to serve | customers during the same time| that the New York exchange is in| operation. The Washington Stock | Excha standard | time last summer. e members | of the exchange would like to see daylight nme adopted. but no ac- will be | houses | opening and buld- remain on | standard time President Hugh Leach has noti- fied all members of the Richmond | Reserve Bank that Boston, New | York, Buffalo. Philadelphia, At- lanta and Chicago will operate on daylight saving time. All tele- graphic transfer of funds to these | reserve banks or branches will have | to be completed an hour earhexx} beginning Monday | Bankers Off to Hot Springs. | Officials of the District Bankers'| Association and committee chair- men will leave the Capital tonight for Hot Springs. Va.. to make final arrangements over the week end for the June convention. Ord Preston, president, will be accompanied by A. M. McLachlen. T. Stanley Hol- land, John A. Reilly. association vice presidents, and the following committee chairmen: A. Scott Offutl. gener: tion Committee: Hilleary G. Hos- kinson, program; Stanley D. Will entertainment: Sidney F. Taliafer ro, transportation; Willard G. Ba -i ker, hotel; S. William Miller, sports. | and William B. Willard. publicity. | James B. Edmunds, special rep-| resentative of the Chesapeake & | Ohio Railroad, will accompany the | party and co-operate in arranging | final transportation details. financiers return Sunday night. Mergenthaler Has U. S. Order. The Mergenthaler Linotype Co. is now carrying out a $100.000 order from the United States Government, $99.245 to be exact, for the manu- facture of panoramic telescopes, ac- cording to announcement by Bar ron's Weekly. It is generally understood that the | telescopes are special gun sights. In| connection with the manufacture of | linotype machines the Mergenthaler plant nas had wide experience in| making precision instruments, and a part of the plant is now being used | to fine advantage in filling Gover n- ment orders. Reports in the “street” state that‘ the present $100.000 order will re- quire many months for comple- tion and that other Government or: ders are believed probable. Today's| report will be of great interest to| hundreds of Mergenthaler stock- | holders who 1 Conven- have seen quotations turn upward in the last few days. Pan-Americans Pledge Aid. At a recent Pan-American cele- bration in Pittsburgh three im- portant South American statesmen expressed the belief that Soutn American nations would aid the| United States in case this country should ever become involved in a| war to protect the Western Hem- isphere. These views were expressed by Don Andres Pastoriza, Dominican Republic Minister to the United States; Capt. Colon Eloy Alfaro, envoy from Ecuador, and Dr Julian R. Caceres, Honduras Min- ister to the United States. At the dinner the speakers also stressed the trade relations between their countries and the United States. Dr. Caceres said that 85 per cent of Honduras' exports are to the United States, and 62 per| cent of the nation’s imports are from the United States. All pre- dicted further trade increases with | this country. | The Washington arrangements for the visit to Pittsburgh were made by John R. Waller and Austin C.| Waller, officers of the Imemanonali | | 1081 56 16% 33 1lg 64 Bank, Jackson place. Trading on Exchange. y-five shares of Potomac Elec- tric Power 5!, per cent prefer ed‘ stock moved at 115 on the Wash- | ington Exchange today. The 6 perl cent preferred sold at the same price | Capital Traction 5s sold at 1011 on| % $1000 transfer. Mergenthaler Linotype closed with 167 bid, 17% asked and no sales. 115 FINANCIAL. THE EVENING STAR, By Private Wire Direct to The Star. 1940 Stock and Low Dividend Rate Ty Adams Express 21 Adams-Millis (1) 48 Air Heduction (1a) . 6 Alaska Juneau .60__ % Alleghany Corp 10°4 Allegh’y §30 pf ww. Alleghany pf xw_ 134 Allegh'y prior pt 1814 Alleg-Ludium .2 9% Allen Indust (.2 171 Allied Chem (6) 131, Allied Mills T4 Allied Stores 3814 Allis-Chaimers 25e 14% Alpha Port Cmt.50e 1'% Amalg Leather____. 53 Amerada (2) ._____. 41% Am Airlines 97n 16 Am Bank Note_ -, Am Bank N pf (3) Am Bosch Am Br Shoe pf 5 25 Am Car & Foundry . Am Car & Fdry nf _ 194 Am Chain & C 80e _. 67x Am Comc’l Alcohol. 1012 Am Crystal Sugar_ 22 Am Encaustie Til Am & F P 6% pf.60k 21 Am & F P 7% pf.70k i Am& Kor'n P zd pt 28 Am-Hawia'n 88 (1) 4'x Am Hide & Leather. 76's Am Home Pr (2.40). ‘s Am lce ‘e Am Ice pt (.50e) - 5 Am International 40': Am Inv of 111 2.40 _ 504 Am Inv(Ill)pt 2.50_ 18's Am Locomotive ._ 51'x Am Locomotive pf 13 Am Mach & Fv( 80) 21'; Am Metals (.76e) Am Power & Light 13 Am P&LS5pf 1 875k S51's Am P&L $6 pf 2 25k Am Radator Am Radiator pf (7) Am Rolling Mills Am Roll M pt (3k)_ 291 Am Ship Building _ Am Sm & Ret 50e _ « Am Steel Fdry Am Stores ( 25e) s Am Sugar Refining. T Am Tel & Tel (9) _ 5 Am Tobacco (5) ' Am Tobacco(B)(5). “« Am Tobacco pf (6) - + Am Type Founders. '« Am Water Works _ Am Woolen Am Woolen pf (3k). + Am Zine Am Zine prpt « Anaconda (.25e) Anaconda Wire & C Anchor Hoc ¢ Anchor H G pf 6.50. 's Armour (111) + Armour (I11) prpt_ Armstrong Ck 2 Arnold Const 375e . 7'y Assoc Dry Goods Ateh Top&Santa Fe : Atch T&SF pf 2 50e i'e Atl Coast Line 3 Atl Gulf & W Ind 4 Atl Gult & W Ind pt - Atl Lietining (1) ~ Atias Corp ( 60g8) . Atlas Corp pf (3) . Atlas Tack : Auburn Auto (r) Aviation Corp _. Baldwin Loco ctfs « Balt1 & Ohio (r) 5% Baltl & Ohio pf (r)_ Bangor & Arstook . 's Bangor & Ar pf (5) « Barber Asphalt 25e 261, Barker Bro pt 2 + Barnsdall 01l 15 Bayuk Cizar 25e - Beatrice Crea (1a) ut Pgk (4a) -Hem (.40c) ~ Bendix Aviat'n (le Beneficial Loan 43e Bethlenem Sti (le) Beth Steel pf (7) < Bizelow Sanf'd(le) 1.‘ Black & Decker 25e 9% Blaw Knox 18 Bliss & Laug (.25e) 137« Bloomingdale .375¢ 19'< Boeing Airplane 21'; Bohn Alum'n (.25e) 62 Bon Ami (B) 2.50a_ 22 Bond Stores (1.60)_ 14 Borden Co (.60 %4 Borg-Warner 256 Boston & Maine _ 31'« Bower Roll B (3) 6 Brewing Corp (.60). 101, Bridgeport Brass 191\ Briggs Mfg (.50e) _ 13'; Bklyn-Man Transit 19 014 Ivn & Qu ot ctfs_ 20 Bklyn Un Gas i0e 21' Brunswick B Zie 8, Bucyrus i Budd Mg 5T Budd Mfg pt 14 Ruad Wheel 20 Bullard Co (.25e) 25 Bulova Watch (2a) 13 Burlington M (1) _ 10'< Burr's Add M 20e__ 3w Bush Terminal _ #% Bush T Bldgs pf _ 67 Butler Bros (.15e)... 31s Butte Cooper 11 Byers (A M) Co 13% Byron Jackson (1)_ Calif Packing .25e . 115 Callahan Zine - 612 Calumet & Hec .50e. 131 Campbell Wy 650 16'; Canada Dry 4% Canadian Pacifie 23 Carpenter Steel 50e 2 Carriers & Gen 0je. 66 Case (J 1) Co 4111 Case (J 1'Co pf(7)_ 47\ Caterpillar Trac(2) Celanese Corp 60a Celanese pr pf (7) .. 97« Celotex Corp” 214, Cent Aguirre (1.50) 111 Cent 111 L pf (450) 6% Central Vio Sugar 1+ Cerro de Pasco (2e) ' Certain-teed + Certain-teed pf Champ Pap & F 13e 3R Ches & Ohio (2 50) 112 Chi Grt West pt (r) 9 Chy Mall Order __ ~ChiMStP&P(r)_. 1« Chi M St P&P pf(r). 14 Chi & Northw'n (r). 1075 Chi Pneu Tool - 46 Chi Pn T pr pf 2.50 3% Ch1 Pn T ev ptf (3) . “ Chi RI&P 6% pf(r). 812 Chi Yellow Cab (1) Chickasha Cot Ofl .. Childs Co Chrysler Corp 1.258 2% City Ice & Fuel 30e 3 City I&F pf (6.50)__ s City Stores - Clark Equip (1a) . Clev El [1lu pf 4.50_ 2 Clev Graphite 40e) 5!« Climax Molyb 1.20_. « Cluett Peab ( 50e) . 118 Coca-Cola ( Toe) 612 Coleate-Pal-P (.50) 8 Collins & Atkm'n 2e Colo Fubl & Lron 411 Colo & So 1stpf . Colum BC (A) 45e 2% 6 Col G&E pf (A)(6). 2 ColG&EDpf (5). 6% Columb Pic vtc &7% Columb’'n Carb (l.) Comel Credit (4) 104 Comcl Cred pf 4.25 5114 Comcl Lov Tr (4) 13 Comcl Solvents 307 Comwlith Ed (1.80)_ 1 Comwith & South’'n. 6214 Comwlith & 8 pf (3). 5 Conde jast Pub 21% Congoleum (.25e) .. 8 Congress C1gar ... 25'x Consol Aircraft T3 Consol Cigar (.75e) 86 Consol C pr pf 6.50. 7% Consol Cop M 15 3014 Consol Edison «2) .. “s Consol Film = 3% Consol Laundries.. 7 Consol O1) + 80) __ 13 Consol RR Cuba pf_ 14% Container Corp 256 1 Contl Baking (B) 86 Contl Baking pf (8) 41% Contl Can (1e) 6% Contl Diamonad 38 Contl Lnsur 1.60a).. 3 Contl Motor 221 Contl O11 (.26¢ # n‘a 3610 5l .15e x 100 617 31y 19 5% 263 3 1% Jes— Add 00 Hm: Low iy 243 485 61 4l% 100 100 61% B 19 Net. Close. chge Tla 248 487 6l 12 YR L +++ 100 ke 21 57 . 100 6150 LI )s. F+ I+ +h P4+ All" 10! 11415 1|4|~ 114, 6 5lin 48 351 511y 3415 5% 341 40s 1187, 118% 118 3 107 R 261, 40s 11115 1110 1111, 1 10% 37 Ti S BT R o SeE —ea 1126 16 16% 33 21% 4% 241, 1 106‘ “ 53] 107« 25% 10% . 1635 33 2074 43 241 243 6l 89 ki 6% 93‘ 53 108': 531 15’1 32% 1 257 10% 37 241, 24% 64 20 K 67 931y 45% 106% 534 15% II FE [N |+++++I * i 2 73 2w A Tt b +HE1 o FF B W bl ) kY o LB i 8 sres w8 ¥ FEIEF Prev. High 33 2514 697 6115 65% T4 11y 241 105 38 2915 2 101 26 341 168 6l 35% 1% 4% 4 243, 14 53% MW 45 109 109'g 291y 1312 18% 417 BT 394 4612 4% 183, 109 254% 160 21 1940 Stock and Low Dividend Rate. 25 Contl Steel 25e 15'4 Copperweld St .20e. 5213 Copperweld pf 2.50. 53 Corn Exchange (3). 5813 Corn Products (3).. 4% Coty Inc (.25e) 74 Coty [nlernnllonl 19 Cran = 98 g,r:noCocv of (5) . 27 Crown Cork & Seal _ 15 Crown Zellerb’k.75e 89 Crown Zeller pf (5). 3414 Crucible Steel 78 Crucible Steel pf__.. 614 Cuban Am Sugar__. 79 Cub Am S pf (2k)_. 121 Cudahy Packing .. 26 Cuneo Press (1.50). 313 Curtis Publishing _ 40% Curtis Pub pf (1%). 91, Curtiss- Wright 275 Curtiss-Wr(A) 50e 18'; Cutler-Hamm'r 25e 612 Davison Chemical 19% Deere & Co 25% Deere & Co pf(1.40) 16 Deisel-Wem-G 3750 16% Del & Hudson 412 Del Lack & Wn 18% Devoe & Ray A 2F 33! Dlam’'d Match 1.50._ 8 Diam T Motor 1815 Distill-Seaer (2) 341 Dixle Vor(A)(2.50) 163 Doehler Die C .25e .. 18 Dome Mines (2) 75 Douglas Alr (3g) 14% Dresser Mfg - Dunhill Internatl _. Duplan Silk pf (8)_. Du Pont (1.75e) __. Du Pont pf (4.50) ._ 2 Eastern Afr Lines _ Eastman Kodak (6) 275 Eaton Mfe ( T6e) _ 's Eitington Schild “ Elec Auto Lite 75e. : Electric Boat 60g . Flectric & Music __ Elec Pwr & Lt 56 pf Elec Pwr & Lt §7 pt El Paso Nat G (2) __ ohn (3)_ bf (5) 80 Eng Pub Sve nf 5 50 2 Erie RR Ist pf (r) 3% Eureka Vacuum Cl. X' Evans Products ___ 01, Ex-Cell-O (.40e)_ 4% Fairbanks Copf __. 341, Fairb’ks Morse(1a) Fajardo Sugar 50e. Fed Lt & Trac (1¢) Fed Lt & Tr pf (6) . Fed Motar Truck Federat Dep St 75 Federat'd DS pf 4.25 16'¢ Ferro Enamel (1a)_ 37% Fidelity Phoe 1 60a_ 19 Firestone Tire 60 3is First Nat) Strs 2 50 11, Flintkote (1g) Florence Stove iie 3% Florsheim (A)(2) - 214 Folianshee Bro (r). Food Mdch (2ie) _ Foster Wheeler _ 317, Freeport Sulph (1) 2% Galr (Robert) __ Galr (Robert) nf __ 13 Gamewell Co Tie _ 101 Gannett Co pf (6) _ 44 Gar Wood Indust 11 Gaviord Cont (.10e) 481 Gayl'd Cont pf 2 6'x Gen Am Invest 51 GenAm Tra2 Gen Baking (. Gen Bronze Gen Cahle *18% Gen Cable (A) « Gen Electric (.35e). « Gen Foods (2) __ Gen Gas & El (A)__ Ger Mills (4a) Gen Mills pt « Gen Motor ( 75e) Gen Outdnor Adv Gen Public Service. 15'% Gen Rwv Siznal 16 Gen Realty & U pf s Gen Refractor Zie 24 Gen Stee) Cast pf 197, Gen Telephone 1 20 181s Gen Tire & R She = 6 Gillette Saf R (.60). 47': Gillette S R ot (5) .. 7 Gimbel Bros.______ 16% Glidden Co 2!, Gobel (Adolf) 24 Goebel Brew (.20)__ 8014 Gold Stock Tel (6) 16': Goodrich (BF) . <« Goodvear T&R 60e Gondvear of (5) . __ Gotham S H pf « Graham-Paize 7y Granby Consol 30e 81, Grand Union x ctfs 81% Grant (WT) 1 20e _ M Grant (W Tinf(1). Great Northn pt _ : Grt Nor O ctfs Great \Wn Sug « 30% Green (HL) ((2a)_. 15% Greyhound (1) 2 Guantanamo Sugar 20 Guantanamo S pf 16 Hall (WF) Prtg (1) 104': Hamilton W pof (6) Hanna(M)pf(5) 7'« Hat Corp (A) 91 Hat Corp pf (6., 50)_. 31x Hayes Mfg Corp __ 9°x Hecker Prod (.60) . 155 Helme (G W)pf (7). 14 Hercules Mot 25e _ 8713 Hercules Powd 60e 131 Hercules P pf (6) 16% Hinde & Dauch 25e 30'; Holland Furn 50e__ 52 Homestake (4.50) __ 111: Houd Her (B) 25e_ an a7 Household Fin (4a) ' Houston Oil — » Hudson Bay 1.75% . Hudson & Man pf 5'« Hudson Motor “+ Hupp Motor - 9% Illinots Central .. 0% [1linois Central pf 81 [1linois C L (4) 5's [ndian Refining 80'; Inland Steel (le) __ 11% Inspiration Copper. 5% Insurshares ( 20g). 3 Interboro R T (r) 40 Interchemical(.80e) 87 Interlake Iron 15« Intl Agricultural 32t Intl Agricul prpf _ 531 Intl Harvester 1.60_ 31y Intl Hydro-El (A) .. « Intl Mercantile Ma_ Intl Mining (.10e) . 30 Intl Nickel Can (2). 104 (ntl Paper & Power 50% Intl Pap&P pf 1.25e. 3'2 Intl Ry Cent Am __ 3% Int]l Tel & Teleg 8% Interstate Dept Str. 134, Jarvis (WB)(.375e) 457s Jewel Tea (2:40) 67 Johns-Manvilie 55'a Jones & Lau pf (1k) 63 Kansas City Sou 124 Kayser (J) ( 25e) Keith-A1-0 pf 3.50k 103, Kelsey-Haves (A) 57s Kelsey-Hayes (B) 90 Kendall Co pf (6a)._ 34'z Kennecott Cop .25e 1314 Keystone Steel .25 35 Kimberly-Clark (1) 2% Kinney (G R) 25% Kinney (GR) $5 'yl. 24Y Kresge (SS) 1.20: 28'3 Kroger Groc (2).. 15's Lambert (.75e) 4%, Lane Bryant 30% Lee Rub & T (.75e). % Leh Valley Coal 212 Leh Valley Coal pf. 3 Leh Valley RR (r)_ 21 Lehman Corp (.40e) 12'; Lehn & Fink 25e¢ __ 48' Libbey-Ow-F (le)._ 63 Libby McN & Lib _. 41's Life Savers (1.60) . 103% Ligg & Myers (4a) 105 Ligg & Myers(B)4a 2415 Lima Locomotive _ 113 Lion Uil Ref (1) 15'2 Liquid Carbonic.50e 273, Lockheed Airc _. 33% Loew's Inc (2) 182 Loft Ilne = 42'a Lone Star Cmt 27x Long Bell (A) 1674 Loose-Wiles .75e 106 Loose-Wiles pf (5). 23%-Lorillard (.308) 14915 Lorillard pf (7). 16!2 Louis G&E (A) 1. A Net. Dvw Close ohee. Ve 301y 241, 6815 Haly 6014 6% 1% [ ottt o 30 174 1053 104 814 ~ 1001 4 10 164 yEEErE | |+ :30 pm. ot i Add 00 1 Prev High 60 284 1940 Low b4ly 283 27% 11% 2% 145 141 28 Stock and Dividend Rate Louis & Nash 1.25e. Mack Trucks Macy (RH) Co (1e) Madis Sq Gar .25e Manati Sugar Man Ry mod gtd(r) Man Ry m gtd ct(r) Man Ry gtd et(r) Marine Midl'd(.20e) Market St Ry pr pf Marshall Fleld 40.. 2 Martin (Glen) ____ Martin-Parry 3 2 Mathieson Alk 1.50. May Dept Strs (3)_ Maytag Co Maytag Co pf (3) Maytag 1=t pf (6) _ MeGraw Elec (1) Meintyvre Pore (2a). McKeesport Tin McKesson & Rob _ : McKesson & R pf._. McLellan Strs 40e Mead Corp Mead C pf(B)(5.50) Melville Shoe (2) __. Mengel Co Mengel Co 59 pt Merch & Min Trans Miami Copper 20e Mid Cont Pet (.40e) Midland Sti P 508 AIid Stl 1st nf (8) Minn-Hon Ros (2a) Minn-Hon pf B (4) Minn-Moline imp Minneap-Moline pt Mission Corp (.65g) Mo-Kan-Texas _ Mo-Kan-Tex pf Monsanto Ch (2) Mont Ward (1.75e) Morris & Es (3 875) Motor Products Motor Wheel (1 60) Mueller Bross __ Mulliris Mfg (B) __ Mullins Mfg pf Munsingwear 25e.. Murray Corp Nash-Kelvinator _. : Nat'l Aeme (.50g) __ National Aviation _ Natl Biscuit ( 40e) Natl Bond & Inv(1) Natl Cash Reg (1) tl Cyl Gas (.20e). Natl Dairy ( 80) _ Natl Dairy pf A(T)_ Natl Dairy pf B(7). Natl Distillers (2)_. atl Steel (.50e) Natl Supply = Natt Supply $2 pf _. Natl Supply 5 50 pf. Nat Tea Co Newberry (JT)pf(5) Newport Indus Y Air Brake (le). Y Central Y Chi & St Louts_ YCh&StLpt _ Y Dock pt YNH&H () __ Y NH&HDpf (r). Y Shipbiiding . folk & Wn (10) Norfolk & W pf (4) : Nor Am Aviation Nor Am Co (1.20) No Am 5% pf 2 875 No Am Co 6% pf (3) . Northern Pacific __ Norwalk Tire Ohto O11 e Oliver Farm Equip_ Omnibus Corp 1.20 Elevator (.15e) CZZ2R2Z22 LY L Outh'd M & M 8o Outlet Co (3a) : Owens-TlI Gl (1e) _ Pac Am Fisheries _ Pacific Coast 2 Pac Coast 1st pf Pac Finance (1.20) _ Pac Gas & Elec (2)_ Pac Lichting (3) _. Pac Mills Pac Tin Consol .2e. Pac Western O 40g. Packard Motor Pan-Am Afrwa Panhandle Paramount Pic _. 2 Param't 2d pf « §0). Park Utah M .10e Parke Davis (.80e)_ Parker Rust (1) Pathe Film Patino Mines - Penney (JC) (.75e). Penn-Dixie Cement Penn Railroad (1g) Pere Marquette pf Pere Marg prpf _. Petrol Corp (.70g) _. Pfeiffer Rrew ( Phelps Dodze Phila& R0 &1 (r)_ Philip Morris (3a) _. Phillips-Jones 2 Phillins Petrol (2)_ Phoenix Hosiery Pierce Oil nt Pirelli Corp._ Pitts Coal Pitts Coke & Iron _ Pittsbzh Screw .15e Pitts Steel Pitts Steel pf (B) - Pitts Steel pr pf Pitts Steel 5% pf__ Pitts & W Va. Pittston Co Plymouth Ofl 1.40_. Poor & Co (B) - Port R Am To A(r). Port R Am To B(r). Pressed Steel Car ._ Pressed St C 2@ pf__ Proctor & Gam (2a)x 11 Proctor & G pf (5).. 60s Pub Sve (NJ) 6be__ 6 Pub Sve(NIIpf(5). 2 Pub Sve(NJipf(6)_ 2 Pub Sve(NJ)pf(8)_ Pullman (.25e) _ Pure Oil Pure Oil pf (6) Pure O1] pt (5) Purity Bak (.25e) .. : Radio Corp (.20e) _ Radio Cev pf(3.50) Radio-Keith-Ur (r) Raybest-Man 25e _ Rayonter Inc Rayonier pf (.50k)_ Reading Co (1) Reming Rand (.40e) Reo Motor vte ctfs_ Republic Stgel _ Rep Stl cv pf 750k Rep Steel pf A (6)_. Revere Copper Revere Copper (A) Revere Cop 5%% pf 100s Reynolds Metals Reynolds Spring Reyn Tob (B) (le) x Richfield Of) (.50%) Roan Antelope 56g. Ruberoid (1.10g) Safeway Strs 75 3 Safeway S pf (5) .. 100s St Joseph Lead (1) 3 St L, San Fran (r). 1 St L-Southwn (r) _ 1008 191, Savage Arms (.25e) 8 113 Schenley Distillers 34 wraBan—arn 5] et S 738 - - " @ P S T N R TR T 791 145 304 145 WASHINGTON; D. C, WEDNESDAY, APRIL 24, 1940. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 2:00 p.m. Sales— Add 00. Prev. 1940 High Low. Close. ch 3 57 55% 56l +2 261 26 26'% 207 298 294 1% 11% Divid, 4 Schulte 109 107 115 11214 4 165 163 31y 16 Servel I Sharon Shattuc 31y 312 51 51% A0 3% 28 V0% 2014 21% 1812 Skelly ( 120 mith ( Soconv + SEGre: Southn Sparks 41 29 501 Rin 60 294, 14+ HdHHH 0+ Spiegel, Splegel Square Stokely Stone & Superiol Suther! Swift & Thomp Timken I'ransamerica « 50) Stock and 72 Schenley pt t5.50) Scott Paper pf (4) .. Scott Paper pf 4.50_ 4 2 Seaboard Afr L (r)_ Seaboard A L pt (r) Seagrave Corn Sears Roebuck (3)_ 105 -Sheffield T5e 5 Sh pf (6)cald So Am Gold (.10e) _ So Porto Sug (1) Superior Steel Swift Intl (2) Syming- Syming- Telautograph .10e 5 Tennessee Corp __ 3 ] ' % Texas Corp (2) Tex Gulf Prod(.10e) 3, ER Tex Guif Sul (2) _ 3 3413 — 1 : Tex Pac C&O (.40)_ Tex Pac Lé Tr 10g._ Texas & Pac Rw: ‘The Fair pf __ Thermoid Thompson (J R) __ FINANCIAL. 2:30 pm. Sales— Add (0. High Low. Close 5 81 79 81 Retail 8 (r) 1 x 10s 106 lflx 112 end Rate 106 ne (1) . Steel Sharp & Dohme k (FG)(.40) 4 Sheaffer Penn 1.50e Shell Un Ol (.50g) - Simmons Co Simonds S& S 40e_ 20% 116 11274 16 11 2% £ 29 15% 30% )L« 25e) A0) 5 Vac 25e yh'nd 1.60 Cal £4 1502 outhern Pacific : Southern Rallway . Southern Rwy pf Withington. Sperry Corp «2g) Spieer Mfg (1e) Spicer Mfg pf A (3) Ine (.30e) Inc pf 4.50 D Co (.30e). * Stand Brands 20, Stand Gas & Elec Stand G&E $4 pt __ : Stand G&T $6 pr pf. Stand G&E $7 pr pt ‘s Stand O1l of Cal (1) Stand O1l ind (1) Stand Ol N J (1a) Sterling Prod (3 80) Stewart-Warner Brothers._. Webster S et Studebaker Sunshine Min 1 60 '« Superneater ( 50)_. r Oil 4 d Pap 1.20 E B 30% “ Co (120) . ~ Gould xw e . Prod « 25e) —1‘ Thompson-Starrett Tide Wat A O 15e Timken- % Det Ax (1) 27 = % R B (i0e) s ) « Transcom’ & W Afr Iri-Continenta 1y Tri-Co uth Cel 20th Ce; thpf (6) ntury Fox _ n Fpf1.50 _ Twin City Rap Tr. win Coach : Ulen & Co (r) n Bag & Pap .15e) 2 Lnlnn Carb (1.10e) Union Pac pf (4) _ Un Tan! Unit A1 Unit A} United k Car 1.2 reraft (2g). r Lines Biscuit .30e_ Unit Carbon (3) Unitea United United United Unitea U'S Dis (R US ina US Lea US Lea U S Pips 41+ 2 USSm (N3 Vadsco Vanadiv +EL UL+t Va Iron Waldort System 60 Walgreen (1.60) Walker Walker Ward B; Ward B: Warner Warren \v.uren Kej Wl n Wesson W Va P West'n West'n West'n Weston Westva Wilson Wright Yellow Truck Ygstwn Ygstn S, 2 Yastwn Approximate 11:00 A. M. 1:00 P.M. rIn bankruptcy oursements based on tion ncluaed dividena % * stock S&F S Frefght ( 2 e) S Gvpsum (2 2 2 1 g 1 2 U'S Rubber E 32 1 U S Rub 1st pf (2e) 1 U S Steel (1e) ____ U S Steel pf (7) U S Tobacco (1.28)_ 2 38% o - Unit Stockyards _ 2 Unit Stkyds pt .70__ -1 Unit Stores (A) '+ Univ-Cyclops S 20e Univ Leaf T pf (8) Victor Chem ( 30e)_ Va-Caro Chem : Va-Caro Chem pt Walworth Co West Penn E pf () Westh'se A B 50e _ Westh se Elec §75e Westhse El pf(3.50 « Wheel&L E pf 5.50_ Wheeling Steel : Wheel Stl prpf (5)_ White Dental (.60)_ « White Motor White Rock = + White Sewing Mch_ + Willys-Owerland Willys-Overl'd pf _ Wrigley (3a) Young Spg & Wire Zenith Radio (1e) 2 Zonite Products Bankruptcy Act. or securitles Rates of dividend in the fc Uniess atherwies noted xBx ?Accumulned diyidends paig last vear” “e Dy o ¥ Acenmn!ned dtvldlnds oal Corp Corp ot (3)- 3Ty 37 1 Drug Fruit (4) 2 g 815 — Y Iy ited Gas Imp (1) Unit Gas Imp pt (5) ! Unit Mer & Mfg 50e 2 P ' Paperboard tributing pf or Sec pf(6) us Ah:ohol 2 b 13, ther e g 1 ther (A) 2 : e & Fdry (2) & R of 3.50 o =1% ~ 3123y 2214 =114 + + Sales 1m Coal&C pf e = 21 e K 1S T e B S H) (4) «H) pf (1) aking (A)_ aking (B) . Bros Pict__ Bros (r) Fy & P (2)_ ha Mot (1)_ ump tle) Oil & Snow 5 ulp & P 15e. AutoS (2)_. Maryland. Union Te}_ M FUSon—nd wakgte s El Inst co (1.40) ws = EF o =3 =l & Co Wilson&Co pf (3k)- Woodward Iron Woolworth 12.40) Worthington Pump Worth Pump pr pf_ : Worth Pev prpf __ Aero (2g) .. 2 137 90 23 15% 16 32 3y Sh& T 25e &T pf 5.50 . Stl D 25e 1614 3%, r+¢+r||+ 1 1 % Sales ot Stocks on the N. Y. Stock Exchange. 240,000 . 550,000 12:00 Noon 430,000 2:00 P.M - -, 670,000 &Unit of trading 10 shares OF receivership or being reorganizea under sumed by such companies Oregoing table are annual dis- the last quarterly or semi-annua) deciars. special or extra dividends are not X1 Ex rights e Declared o pald so % Pald last vear a0 gt voor, b Gaah 7 ble in stock April Retail Food Sales Run Ahead of Last Year By the Associated Press. NEW YORK, April 24 —The retail food sales in April are running ahead of the same month a year ago despite the late spring and the decline in industrial activity, the American Institute of Food Distri- bution reported today. In the industrial centers of the East, Middle West and South, the institute stated, supermarkets are making rapid progress and aggres- sive retailers are showing sales in- creases of 20 per cent or more. Small neighborhood stores, however, arg running behind last year. In rural communities, which serve about 40 per cent of the population. retail food sales are greater than last year, especially in the South where grocery stores are doing a big business as a result of higher prices for freih produce. [ Rescue Starts Career As Radio Entertainer By rescuing a man facing death from exhaustion and thirst in Northwest Australia, a telephone mechanic, Claude Saunders, has gained a start as a radio enter- tainer. He was sent out from Broome when trouble was reported. on the line in Madman's Track. where many have died of thirst. He found a bundle against the tele- | graph wire and searched until he | | discovered the owner. without food and water three days and was delitious. To summon help Saunders shot away the insulator cap to bring down the telegraph | wires and severed them witn | another shot. Lord Gowrie, Gov-' The rescued bushman had been |} New York Bank Stocks NEW YORX. April 24 /P —} : Sociation Securities Dealers, anleflll L5 Bi S Bk of Am NTS (SF) i, A Bank of Man lfl(?l‘ e Bank of N ¥ ( Bankers Tr (4 BKIyn Tr (4) Cen Han Bk & T ) Chase "ll (1.40 Shem BK & Gommereiat Co -m' 2 104 3618 51v, 206 r ) st Nat (Bos) HIS o (100 Quarants Tr (12) Irving Tr (.60) Manufacturers Tr (2) Manufacturers Tr ot (). Natl City (1) Sydney, Australia, has an argu- ment as to whether snakes have an odor. ernor General of Australia, on an inspection tour, heard the story and applauded Saunders’ tenor voice The Australian Broadcasting Com- ! mission then sent for Saunders. 3 The Phillipine Government will develop iron deposits in Mindanao. Gould ww. 2 % | 1. | PEr *I Wheat closed te-% Steel Shares Fail To Respond fo Rise (0f Railroad Issues Transecticns on Stock Market Move at Rate Of About 900,000 Stock Averages 20 Indust. Rejls. U0l soa Net change -+.1 ~‘§! ‘1 ! 387 Today, noon 72.1 19.3 PBrev. day . 720 19.0 3338 Month ago 716 189 387 Year ago .. 626 170 352 1940 high.. 742 205 406 1940 low __ 699 18.0 383 49. 1939 high . 770 238 406 539 1939 low. .. 588 15.7 33.7 416 60-Stock Ranxe b nce 1927 1 High o Low .- (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Financial Writer. NEW YORK. April 24 —Efforts by the rail group to establish a rising tide in the stock market today were considerably dampened, if not frus- trated, by the failure of steels to respond. | United States Steel and Bethle- hem slipped more than a point | toward the closing hour after pre- vious wavering despite scattered strength elsewhere in the list | Transactions were at the rate of | about 900,000 shares. Much of the day’s uneven move- | ment was attributed to conflicting repous of the progress of the bat- v.los in Norway. Chief among the gainers were Great Northern preferred. Southern Railway. Southern Pacific, New York | Central, New York Shipbuilding | Standard O1l of New Jersey, Texat | Corp.. Pacific American Fisheries Dre: Manufacturing. Armour | Worthington Pump and Montgomery { Ward. Recalcitrant were Douglas United Aircraft. International Pa- Chrysler and American Tele- phone. Traders attributed the revival of terest in rails to Washington re- s indicating favorable prospects for definite action at this session of Congress on legislation to aic the ca . Chicago Grain Br the Associated Pr CHICAGO. April 24 — Selling dominated wheat trade again to- l(la)‘ as prices slipped fractionally { lower. Hedging sales against purchase: of wheat, the marketing of whiclt has been delayed by operation o | the Government loan program, ac: counted for some of the pressure and there were reports of improvec | crop conditions in some districts | This selling was off set by buying which at times lifted prices sligh above the previous close. This pur chasing was based on reports o Southwestern dust storms, con: tinued strength of Buenos Aire: wheat and war news. lower thar vesterday, May $1.107:-$1.1034, Jul; i $1.087<-81.08%: corn, % lower to % | higher, May 643;-647., July 65% oats, unchanged to !, down. WHEAT—Open. High Low Close Mas 115 1111 110% 1. 3 | July L1093 10x1; S(nwmhrr 1091, 1093 10858 CORN Cash Market. No. o sample grade mixed. 39} 3014 Soy beans. No. 2 yellow, 1 0975 Winnipeg Prices. VINNIPEG. April 24 (P.—Grain rans o WHEAT— Close. Ma a1 | Julv | Getober Hig May New York Coiton Bt the Associated Press. "EW YORK, April 24 —Cotton fu- tures opened 1 lower to 2 higher Initial cotton trading was mixe¢ and moderately active. Unfavorable weekly weather reports apparently have been largely discounted anc activity in new-crop deliveries wat limited. Liquidation in May anc switching from the spot month for- ward soon developed. The list held unchanged to 2 points lower at the end of the first hour; May (old). .10.81; July. (old), 10.55; March, 9.96 Near noon the list sold off sharply under commission house and specu- tive liquidation. A large part of the selling was believed to represent lightning of domestic mill accounts About 10,000 bales were thought tc have been sold on the decline. Cover- ing appeared only at scale down limits. Noon prices were off 6 to 12 points May (old), 10.71; July (old), 10.47; December, 10.05. Cottonseed Oil. NEW YORK. Aprii 2¢ (#)— | Bleachable cottorseed oil futures maintained a steady tone in foreign dealings today. Liquidation of May throught com- lmissmn houses was absorbed by trade interests. Outside speculative support gave December relative firm« ness. Midday prices ranged 2 higher to 1 lower. May, 6.95; July, 7.03; Decem- ber, 7.16 bid. Crude oil quotations were nominal. | Southeast and Valley, 6 cents: Texas, P ;53 to 57, depending upon location. Foreign Business Advices Business advices to the Commerce Department from representatives abroad includi Sweden—Turpentine. motor tried. Argentina — Short - wave radios sought. : C;lmdn—Onmno lignite works de- aved. 1 fuel