Evening Star Newspaper, April 25, 1940, Page 21

FINANCIAL. New York Tractions Improve in Mixed Bond Market Third Avenue Railway 4s and 5s Climb More Than Point Bond Averages Ralls. Indust. U Feh Net change unc. +.1 1 97.1 Today, noon 58.1 103.1 Prev. day.. 58.1103.2 97.0 Month ago- 57.41023 96.8 Year ago._- 548 98.0 93.0 1940 high__ 59.91032 975 1940 low. 56.6101.9 96.1 1939 high.. 64.9102.0 97.5 1939 low-.. 534 958 904 10 Low-Yield Bonds. Noon_.._ 1126 Prev. day112.6 M'nthago 1122 Year ago. 111.1 1940 high113.1 1940 low. 1115 1939 high112.6 1939 low. 103.6 473 474 52.0 589 535 463 64.0 417 (Compiled by the Associated Press.) By the Associated Press. NEW YORK, April 25—Metro- politan Traction issues made head- way today in an otherwise uregular bond market. Advances of more than a point | were registered for Third Avenue Railway 4s and 5s toward the close, | but trading elsewhere in the list | was scanty. Gains and losses of small frac- tions accompanied routine transac. tions, but the speculative element was entirely out of the proceedings. ‘The “wait and see” attitude ruling the stock market was dominant in loan trading as well. A shade higher were Alleghany 5s of 1950, stamped; Shell Union 25, New York Steam 31s, Rock Island general 4s of 1988 and North- | ern Pacific 4s, while down slightly were American Telephone 3;s of 1966, International Hydroelectric 6s, Anaconda Copper 41:s, Internation- al Paper 5s, Penn Dixie Cement 6s, New York Central 5s and Baltimore | & Ohio convertibles. United States Governments were | almost neglected, with small gains| in some traded issues. Tending a little lower in the for- eign dollar loan division were Bel- | gium 6s, Denmark 41.s and Italy 7s. Up a bit were Canada 4s, German | b1zs of 1965 and Milan 614s. Women Investors Urge Inquiry Info S. E. C. THE EVENING STAR, BONDS ON N. Y. STOCK EXCHANGE High. Low. 2:65. By private wire direct to The Star. TREASURY. High. Low. 2:58. . 105.8 105.8 106.8 103.28 103.23 108.28 109.13 109.13 109.18 106.22 106.18 106.22 108.3 108. 108. 1112 1112 1112 3%as 1946-49 ___ 111.21 111.21 111.21 3 941-43 Mar 103.12 103.12 103.12 4%s 194752 120.13 120.13 120.18 HOME OWNERS' LOAN 1%s1945-47 101.26 101.26 101.26 NEW YORK CITY BONDS 381980 Bwi _ 957 95% 95% 351980 I wi 95% 95 95 FOREIGN BONDS. Hih 9% 10 84y 841y 2%#1960-65.__. 2% 1955-60. 35 1946-48 Adriatic Elec is 52 _ Antloquia 1st 78 57 _ Argentine 4s 72 Feb_ Argentine 4s 72 Apr. Argentine 4%s 48 _ Argentine 43s 71 Australla 4%s 66 Australis 6s 55 Australia 52 67_____. Austria 7s 57___.. Belgium 6s 55 Belgium 6345 49 Belgium 7s 66 Brazil 6%s 1926-57 _ Brazil 6%s 192757 Brazil C Ry Fl 78 52 Breda Ernesto s 54 Brisbane 5s 57 Buenos Afres 4% s 77 Buenos Alres 43,875 Bulgaria T16= 68 Canada 2%s 44 Canada 2%s 45 | Canada 3568 _ Canada 3% s 61_ | Canada 4s 60 Canada os 52 Chile 6s 60 assd Chile 6s 61 Febr Chile 6s 63 assd _ Chile 7s 42 assd Chile Mtg B 6s 61 asd | Chil Mun Ln 7s60 asd Copenhagen 5s 52 Denmark 4%s 62 Denmark 5%s 65 Denmark 63 42 Ger Govt 6%s 65 German Govt Ts 49 _. Harp Min 6s 49 ww _ Hung Con M T1¢s 45 Italy 7s 61 = 1tal PUCrd 7862 _ Japan 515 65 Japan 6'%s 54 Milan flas 52 Minas Geraes 614s 59 Nor: 4363 Norway 4% s 65 _ Norway 4%s 56 Oriental Dev 6%s 68 Panama bs 63 st asd Peru 1st 63 60 Peru 2d 6s 61 Prussia 6s 52 Prussia 6%s 51. Queensland 6s 47 ___ Rhine W El P 6s 53 K1o de Jan 6 %8 63 Rio de Jan 8s 46 Rio Gr do Sul 6s 68 Rio Gr do Sul 8s 46 _ Rome 6138 52 & By the Associated Press. NEW YORK, April 25.—“Women Investors of America” yesterday added its voice to those of certain investment groups that have urged Congress to investigate the internal workings, policies and aims of the Securities and Exchange Commis- sion. | In a special bulletin to its mem- bers, composed solely of women, and described as “substantial” in numbers, Miss Catherine Curtis, | national director, urged them to call on their congressmen to look into the New Deal financial agency to “de- termine whether it is being used to impede the free flow of capital into indu$try, decrease private em- ployment, reduce investment oppor- tunities and promote foreign ideas relative to Government control and\ public ownership.” “While some of the largest for- tunes in the country are owned by women,” she said, “it is the woman whose savings are invested in a few shares of stock that has the greatest stake in the financial welfare of the | country. To such a woman, the | continuance of the private ente: prise system is most important.” A month ago Representative Crawford, Republican, of Michigan introduced a resolution for an in- vestigation of the S. E. C. Canadian Business Conditions Improve By the Associated Press. NEW YORK, April 25.—Business | conditions in Canada are 1mprovmgl steadily, the Bank of Montreal re- ported in a current summary. “Expansion in export trade, steady | increase in many lines of industrial activity, marked improvement in railway earnings and a downward trend in unemployment are features of the Canadian business situation as April draws to a close,” the review stated. “During March, retail trade was of | a satisfactory volume and the sales of Canadian department stores were | 10 per cent greater than in February and 9 per cent higher than in March, 1939.” Drvidends Announced YORK. April 25.—Dividends de- | cinred (prepered by Fiten Foblenme Om: Accumulated. Pe- Stk. of Pav- Rate.riod record. able. -$3.50 6-1 6-1 5-4 5-20 5-20 1-26 Northwestern Pub ve mwmcrn Pub Nogtavesierny $3 Towne Sec 25 T ] e Resumed. Cont Diamond Fiber Arre; Am Locomotive prd United Chemicals s Sbiian 7o e s1.06 Regular. 5-24 5-15 -1 Armstrong Cork Armstrong Cork pf Great_Lakes Dredge & lnterwu Rand Co W Batery 28823552823 O OD 1 DD O POO O OOO 8% .0 B Rebury Flowr Mils® 400 @ ckml l Water S A 750 5 Ehieton New York Bank Stocks 1 25 (). —] 1 As- o Tory Sccuritics Desli. Tavkjonal As (Quotations as of 2 o'clock.) (SF) (2.40) Three thousand school children | raiwan Elec 515 71 Joined & hike in Tokio, Japan. A v Sante Fe Prov 4s 64 _ Sao Paulo St is 4v Sao Paulo St 8s 36 Serbs 8s 62 Z PoKVO b0 11 A un,.a“ El I 7845 JTU BB 2 4 WS A Y Urull'.lk"l’»‘sh Westphalia IS P 6s 5 YoKohama 6~ ¢ DOMESTIC BONDS Alb Per W P 6s 48 Alleg Lorp os 44 Alleg Corp bs 49 Alleg Corp bs 50 std Allled Stores 4 %s 51 Allis-Chaimers 4s 52 Am & For Pw bs 2030 Am1GChbY%se9 Am Inti 5%s 49 _ 50 8214 3% 454 4dv 99. 98l 109% 109‘4 65% 1041 1047 109% 109 107% 3% lOlh 104% 109 108% AmT & T 6%s 43 _ Am Wat Wks 6575 Anaconda db 4 %8 50 Anglo-Chil Nitr db 67 10: 4074 | Armour(Del1st4s 65 ArmourDel )4 67 AT&SFe 4= 1905-55 A L&S Fe zen as ¥b A T&S e 418 4x Atl& Ch A L 5s 44 At Coast L ISt 4 Atl Coast | 4los 64 Atl Coast L 6= 45 Atl Gult & W [ 55 54 Atlantic refin Auburn Auto 4 & O 18148 43 B & O 1st 48sstd . B & O cv 6Us std B & O 95 A stamped . B & O 95 C stamped . B & O 96 F stamped B&OPLE&W Va4ss1st B&OS W 50s std Bang&Aroos cn 4s 51 Bang & Aroos 68 43 Bang & Ar cv 4s 51 st Bell Tof Pabs 48 B Bell Tel(Pa)bs 60 C Beth Steel 8% 8 69 F Beth Steel 3% 62 Bos & Me 43,5311 | Boston&Me 4%s 61 st <& N bs B Boston & Me bs 55 st Bos & Mo~ 6% Boston & Me s 67 st | BKiyn C RI 5s 41 cfs Bkiyn Man T 4% 66 BKIyD Map 4 %8 66 o1 Bkiyn Un El 6s 60 Bkiyn Un EI 68 60 ct Bkiyn Un Gas 68 45 Bkiyn Ub Gas b5 60 Eklyn Un G bs 57 B Bklyn Un G rf 63 47 | Buf Roch & P 57 std | BCR&Nclbs3s BCR&NG6sssct __ Bush Term cn 68 65 ._ Bush Ter Bldg bs 60 Calif Oreg Pwr 4s 66 Canada Soutb 68 62 Can NR4%866 Can NR 4%8567 _ n NR 43%s 57 reg__ Can NK 4%8 66 Can NK 6569 July ... Can NR 68 69 Oct _ | Can NR 65 70 Can Nor 6%s 46 Can Pac db 4s perp _ Can Pac 434546 Can Pac 435 60 _ Can Pac bs 44 Can Pac 68 64 Car & Gen 68 60 _, Carth & Ad 4s 81 Celotex 4 43 47 Cent of Ga cn 68 45__. Cent of Ga 6869 C Cent N Eng ¢s 61 Cent N Y Pw %8 68_ Cant Pac lst rt 9. t Pacific b 4T Clrl’d deb 68 48 8% Ches & Ohlo 3%s 63 F 105% Ches & O 3%s 96 D C& O R&A 1st 4s89_. Chi & Alton 38 49 Chi B&Q gen 42 68 Chi B&Q 4%8 77 Chi Burl & Q 68 71. C B&Q 111 div 3%s 49 CB&Q 111 div 4s 4y _ Chi & E L1 bs 61 Chi Grt West 4869 Chi M1l & St P 4= 89 CM&StP4%s8YE . Chi M1l & St F b8 16 CM&SLP ad) bs 2000 Ch1 & NW gen 4s 87 Chi&NW 418 2037 Chi&NW 4148 2037 C Chi& NWev 4%s ¢ Chi&NW Chi&NW X Chi RI&P rt ¢s 34 51% 685 Chi RI&P gn 48 Chi Un Sta 3%s 63 Chi & W Ind cv 48 53. Chi& W Ind 434s 63.. Cin Un Term 33 71__ 108% 108% lol% CCC&StLStL dv 4590 66 | Kan City CCCEStLrf ¢%4s 11 ClevEl [113%865 __ Clev Short L 418 61. CI" Un Ter 4% 17.. Un Term 6s 73 cl.v On Ter 5%s 13 Colo F & Ir 68 43 _. Colo F & Ir b8 70 Col G & E 68 52 May. Col G & E 6s 61 Colum RP&L 48 65 Cons EAN ¥ 3%s 66 Comw EA 8148 % Comw Fd 3%s 68 Cons ENY nn!%nl Consum Pw 1st 33 69 Consum Pwr 318 70 Contl O11 2% 8 48 Container deb 6s 43 Container 6s 46 Crown C& 8 4%s 48 Crueible Steel 4 15 48 Cuba Northn 6 %s 42 Cuba R 1st 6862 ___. Del & Hua ref 4s 43 Del P&L 4348 71 ____ D& R G W ba 66 ast Den& RG W rf 68 78 Det Edison 4365 DetTer&Tun 4 s 61 Duluth SS&T1) 68 37. Duquesne Lt 3141 65_ Erfecv4s63 A Ertecv 43 63 B Erie 1at4s 96 Erte gen 4s ¥6 _. Erie ref bs 67 Erie ref ba 75 Fairbks Morse 4s 66 Fed L1&1Tr 6342 __ Firestone | $1as 48 _ Fla EC Ry 687+ Gen Cable 548 47 _ Gen Mot Acc 8%s 61 n Stl Cast 6%s 49 Goodrich 4% 8 66 Goth Silk H 63 46 ww Grt Nor Ry 3%s 67 Grt Nor Ry 4546 G _ Grt Nor Ry 4s 46 H ._ Grt NR4%s76D _ Grt NREn4%s 77T B Grt Nor Ry 6873 __ Grt Nor Ry %852 _ Gulf St Utl1 8%s69 __ Houston O11 4% 64 __ Hudson Coal 6862 A Hud & Man inc 6s 67 _ Hud & Man ref 6s 67 111 Bell Tel 314570 B 11 Cent 45 52 111 Cent 43 63 111 Cent ref 4s 65 111 Cent 4% = 68 111 Cent ref 5s 55 ICC&ST NO 4 %s 63 ICCRSIL NO 6563 A TnANST 1 van 4 s Inspir'n Cop 1st 4s .~: Int ik 1 1strt as 66 Int R T 1st rf bs 66 ct Int R T 6s 32 Int RT 7s 32 ct Interlake Iron 4s 47_. {nt Grt Nor b3 56 B Int Grt Nor 58 56 C__ tnt Hydro £] 6s 44 _ Int Mer Mar 6s 41 Int Paper 1st 6s 47 Int Paper ref 6s 65 Int Ry C A 615 47 Int T&T 4%s562 _ Int T&T 6566 Jones & I St 438 €3 Kans C FtS&M 4s 36 K C F'S&M rt 45 36 et Kans City So 3s 50 Kans City So rt 68 50 Term 4s 60 46 Keith s “| Ky Ind 415561 un g1d Roppers Co 48 51 laciede Gas hlys 53 Laclede Gias 65 42 A Lautaro Nitrate 15 Leh C&N 4lp8 54 A l.en C&N 4553 C Leh Vai Har 6s 54 L\ R con 4s 2003 LV RIS 48 2008 asd L V RR cn 4= 2003 L V RR 4148 2003 asd L V RR con 58 2003 L V RR 6s 2003 asd Lex & East bs 65 - Libby McN&L 4s 56_. Ligg & Myers 68 61 LIgg & Myers 7s ¢4 _ Lion O1l 41%s62_ Loew's 318 46 Long Ls!d ref 45 49 _ Long Isl ref 4s 49 st_ Lorillard.5s 61 _ Lorillard 7s 44 La & Ark 58 69 L & Nash 3% s 2003 L& N 6s 2003 R L& N 4t%s 2002 McKesson&R 518 50 Me Cent 121 45 40 Ve Cennlial 4 s b0 Manat Sugar 4s 67 Manhat Ry Manhat 1t | Manhat kR Market St Ry s 40 Metrop 4 4 %s 68 Met West Side 45 38 Mich Cons Gas 48 63 Mo 111 58 59 Mo K&T 48 62 B MoK&T 4%878__. Mo K&T 63 62 A Mo Pac 48756 _ Mo Pac Mo Pac F. Mo Pac 6881 | Mo Pac 6%s 49 Mob & Ohio ¢%s - Mob & Ohio bs 38 _ Monong P S 68 65 _ Mont Pwr 3% s 66 Morris & Es 4% s 55 Morris & FEs bs 55 Mount StT&T 3% 68 Nassau Eiec 45 51 Nassau £ 48 51 ctfs Nat Dairy 3% s 61 ww Nat Distili 3 s 49 Nat R M 41s 57 asst Nat Steel 3s 65 Natl Supply 3%s 64 New k£ 1 &'l 4%s 61 New E T&T 1st 68 62 New Orl P S 65 65 B New OrIT&M 4 %s 66 New Orl T&M 6s 64 B New Url T&M 634s 64 Newpt & Cin 435 45 N ¥ Central 3%s 62 . N Y Central 81%s 97__ N Y Central 3% s 46 __ ¥ Central s 42 g E . & . 4 g H » ent rf 68 2018 __ LSh3%s98 _. &St L3%sdT. 'h) & St L 43 46 hi&StL 4 %s 78 &StL 6%= 74 A 'h1 & St L 68 41 onn 1st 4% 63 ock 48 61 Se: ock cv 68 47 Sdis 314 8 66 D Harl 3158 2000 W ist4s73 _ e o 24 v 0 aQonQang ZZZZ2Z22222222222222Z PR il L B L] gbmuc Nort Southn Norf Southn 6. North Am 3%s64 _. Nor'n Pac gn 3s 2047 Nor'u P gn 8s 2047 rg. Nor'n Pao ts 97 Nor'n Pac ¢%s 2047 Nor'n Pag 68 2047C_. Nor'n Pac 682047 D_. Nor'n Pac 6s 2047 North Sta Pw $%4s &7 Ohio Edison 3% Ohio Edison 48 Okla G&E 3%» 66 Ont Pwr Niag 68 43 . Oreg RR & N 45 46 Oregon W KK 48 61 Otis Steel 4 %5 62 Pac Gas & E) 3%s 66 PacG & E 3%s 61 PacG & E 4s 84 Pao T&T 3% C.. Panhand E T 4s 63_. Pat& P G E bs ¢ PennCo ¢s62 E _ Penn Co ¢s 63 - Penn Dixie C6s 41 A. Penn P&L 8 Penn RR 3% Penn RR3%s 70____. Penn RR4s 48 ... Penn RRé4s 81 .. Ponn RR 448 8¢ucae. % 50 107% 2314 23% 61% 2% 17% 167 lfl’l’n 23% 23% 61% 271 15% 16% 4 107y 39% 110% 101% 33% 38 108% 1001, 5415 106+ 10574 1034 104% 127% 127 1044% 331 37 37 111% 58% TT% 19 93 . 111y 106% 5% 109% 111% 112% 111% 104 105% 6% 1041 104% 68% 105 88 84 103% 9 870 87 7 1004 11 99% 10015 HAly 106% 105% K] 10315 104 127% 127 104 109% 111y 12% 111% 104% 126 106% 104% 97% IODM 109% 109 108% 104% 111% 106% % 109% 111% 0! 114% 114% 114% 98% 98% 98 MK 9TH 9% | Tex & Pac 63 80 D | Utility P& 1 A%s 47 High. 103% 89% Low. 2:8A. 102% 1034 894 89% 108% 109 113% 113% 67% BT% Penn RR db ¢ % Penn RR gen 6s 68 PeoGL&C6s43. Pere Marquette ¢s b Pere Marq 6s 66 Phelps Dod, % thila Co bs Phila Elec 334867 Phila RC & Ir 68 73 PCC&StL 4 %8 77 PCC&StL 68 70 A Pitts C&Ir 418 62 Pitt&W Va 4 %858 A Pitts&W Va 4 %869 B PItt&W Va ¢ %8 60 C Port Gen [ 4 0 Porto Rico A T 6s 42 Porto R A T 6s 42 st Postal Tel & C 65 53 Pressed St Car 58 51 Pub Sve E&G 8%s 68 PubSve N 11 3%s 68 Purity Baking 6s 48_ Rlld|nl JerC4sb1.__ ing R 448 97 A Rnaln: R4%s 97 B. Rem R'd 4%8 66 ww_ Republic St1 439 66 _ Republic Stl ¢4 61 Republic Stl 5%s 54 Saguenay Pw 418 66 St L IM&S R&G 48 33 St L PENW 65 48 St L-San Fr4s60 A St L-San Fr ¢s 60 ct_. St L-San Fr 4%s 78 _ StL-SF4%sT8ctst St L South Wn 6862 San A&A Pass ¢s 43 Schulco 6145 46 B stp Seabd A L 4350 stp . Seab'd A L con 6s 45_ Seabd A L 6s45ct _ Seabd A F 6335 A at_ Seabd A F 6s 35 Bet.. Shell Un O11 2 %5 54 Silesian Am 7s 41. Simmons Co 2 Socony Vac 8s 64 SoBell T& T3s79 _ So Bell T&T 3%s 62_. Southn Cal G 45 65 . Southn Cal G 4%s 61 So Colo Pwr 6s 47 A Southn Kraft 418 ¢6 SoNatl G ¢%s b1 SoPac3%s46 _____. SoPaccol 4s49_____ So Pacref4s66__.__. SoPace%s8l______. So Pac 4%s 69 So Pac Oreg 4%8 77 . 8o Pac S F Ter 45 50_ So Ry gen 48 66 A So Ry bs 94 3 So Ry gen 62 56 So Ry 65 56 So Ry St L div 4s 51_ S W Bell Tei 3s 68 S W Bell Tel 345 64 Stand Ol N J 2%s 63 Stand Oil N J 3s 61 | Studebaker cv 6s 45 . | SWift & Co3%s 50 _ 106% 4 106% 1034 70 69% 107t 59% 99%, 224 1065 815 107% 103% 1% 98 114% 108 114 ST 1104 4 1031 92, 97 104 1031 1035: 16315 90 9o 90 894 108 1074 45 7 Texas Corp 8569 __ Texas Corp 3%s 61 _ Texas & Pac 58 77 B. 1065 1031, 70 697, 1071y 6114 99% 244 106% Tex&Pac 1st 65 2000 Third Av ref 43 60 __ Third Ave 1st 53 37__ Third Av ad1 6s 60 Tide Wat O1l 334862 Un El Chicago 5s 45_. Un E1(M0)3% 8 62 Unton Otl(Cal)3s 69 Un Qil(Cal)6s 42 A __ Un Pacifin 214870 . Un Pacific 18t 4s 47 Un Pac ref 4s 2008 Un Pac 1st 68 2008 _ United Drug 6< 63 814 1074% 103% 1114 98 1i4% 108w 11414 NBin 110% 103 Utah L&T 65 44 Utan Pwr & L1 55 44 tility P& L 6= 89 Va Ry st 3% 5 66 Wabash 1st fs 39 Wabash 65 80 D Wabash 5%s75 Walker H&S 4148 45_ Walworth 45 65, Warner Bros 6s 48 __ Warren Bros cv 6s 41 Westchester L 6s 50_ West Sh ist 48 2361 __ West Va P&P 3s 64.. West Mid 18t 4562 __ West Md 6% 77 West NY&P gn 4s 43 West Union 4%s 50 West Union bs 51 West Union 6s 60 Wheel & L E4s 49 __ Wheel Steel 45 66 Wilson & Co 3% s 47 Wilson & Co 45 55 Wis Cent I8t gn 4s 44 Wis Pub Sve 4s 61 Youngst n S& 48 48 lO.)"n 108% 1084 66 66 69% 65 116 101 1011 106 23% 110 105 101 69% 68 116 100 1014, 1057 PRI 110 0 105 [ Time's Business Index Takes Sharp Drop | By the Associated Press. NEW YORK, April 25—Time magazine’s index of business condi- tions fell sharply last week from 96.1 to 934, the lowest weekly figure in 10 months. During the last’ four weeks, the magazine stated, spending in trade centers has averaged (after sea- sonal correction) about $11,000,000 & day less than during the preced- ing four weeks. Time's index of business condi- tions, derived from money and banking figures, is designed to re- flect changes in underlying condi- tions likely to affect the volume ot business. Bituminous Output Unchanged in Week The National Coal Association, from incomplete car-loading reports from the railroads, estimates bitu- minous coal production in the United States for the week ended April 20 as approximately 7,700,000 net tons. Production for the corresponding week: 1939, 2,615000 tons; 1938, 5,052,000 tons. Percentage of change: 1939, increase 1945 per cent; 1938, increase 52.4 per cent. The report of the Bituminous Coal | Division of the Department of the | Interior shows production of 7,050,- 000 for the week ended April 6 and 7,700,000 for the week ended April 13, 1940. . Prodfiction calendar year to April 0: to revision); corresponding period, 1939, 111,630,000 tons; increase 27.1 per cent. Otis Elevator Directors Declare Dividend By the Associated Press. NEW YORK, April 25.—Directors of Otis Elevator Co. yesterday ordered a dividend of 20 cents on the common stock, payable June 20 to stockholders of record May 24. The previous payment was 15 cents on March 20. Common dividends distributed in 1939 were 15 cents each in March and June, 25 cents in September and 35 cents in De- cember, March quarter profit was $1,121,- 000, equal after dividend require- ments of the preferred stock to 51 cents a share on the common. This compared with $957,627 or 43 cents & share in the 1939 March quarter, Rubber Futures a" YORK. April 25 flfl rulh Tub~ utures opene 1940, -141,895,000 tons (subject | 3.50, Private Construction 25 Per Cent Ahead Of Last Year Public Volume Shows Small Drop From 1939 Levels By tte Associated Press NEW YORK, April 25.—Private engineering contracts awarded dur- ing the week ended Tuesday were 25 per cent greater than the cor- responding period last year and 1 per cent above a week ago, Engi- neering News-Record reported to- day. ‘ It marked the fourth successive week showing gains over the com- parable 1939 values. The latest rise brought private construction for the year to date to a level 12 per cent above the corresponding period last year. Total engineering awards for the week were 7 per cent larger than a year ago, but 3 per cent below the previous week. Public construction failed to keep pace with private contracts, falling 1 per cent under the same week last year and 5 per cent from a week ago. Because of the lag in public con- tracts, 1940 construction volume, to- taling $854,557,000, is 18 per cent be- low the corresponding period of | 1939. Comparisons of the week’s awards follow: Private. Latest Week. Previous Week. $18,967.000 $18.870,000 $1 State and Municipal. $29.455,000 $20.983.000 $29.623.000 | Federal. 3.000 Year Ago 62,000 $3.331,000 $3,512.000 $51,753.000 $48,207.000 Washington Produce BUTTER 03 score. tubs, 1-pound . Lubs. pound print. pound prints. 10'%: lambs, b 140 From Agricultural Marketing Service. Prices paid net {.0.b. Washington EGGS—Market steady. Prices paid for | Federal-State graded eggs rcceived from grading stati Whites—U. 8. extras, large, 8. T5-18: BT Sandards, oa standards. mediums. 16-17: U. § 13-17. Browns—U. 8. extras. large. 1 U. 8. ‘extras mediums, 16-1%: U, & aund-' 134-17. fecelpts. trades. colored. all sizes. 17 horns. '12-14. Rooste: kens. | Virginia, “Rocks, broilers fryers. all sizes 21: s 12-14. Delaware Rocks | . hrnnm and {rvers. all sizes. 12: broilers. pounds hens 20: No Turkeys. Guinea keets, 1% pounds and up, | 16 & Pound: old. 10 a po Frults and Vegetables. Compged by the Merket News Section of icultiiral Marketing Scrvice. — Sales to R ne s wholesale market Marsiand, ch Delicious. minimim, 4oinch’ mi PEAER: 2 ke mivimie Romes. “ig-inch minimum, 1.00- 17 inch minimum. mum. 5-1.50: minimom.” 5 75: 1%s-bushel boxes U. mans, 2%-inch minimum. 11 V= inch ‘minimum. 1.35-1.40: 23-inch mini- mum, 1.40-1 3-inch minimum, 1.35- 140" Yorks “ia-inch minimum. 1.10-115: 23cinch minimum. 2%-inch minimum minimum. ~ 1.60-1.75; | 150-1.65 pnrnnm -inch _minimum Toch minieume: 1401 50 ch 0-1.00 1.35-1.40; | wrys' Sl | 21;5-inch mini- mnm. 140 +-inch minimam rinia and West Virginia | certone “rancy. ‘Romes | 1507 80s-100%. 1 6841 75 15051 50-1.60: 8¢ | all sizes. mostly 1.15. 505, 1.65-1.75: ol sizes. .00- 1505 1.50- Par'nlons 11561508, 15001 05 60-1 75 POTATOES_Old rtock, market steady 1005p0u8 sacks, U. 8 NG. I, Maine. Green A2 s ¢ Chippewas and mi New York: round. Ihltes 190-"0 0. Russet Burbanks. arket weak " Fiorida bushel crates. i Triumphs U No. 2.00: mostly 1,75 bushel haskexs. Spaulding Rose, U. 8. No. "1, 1.75: California, 50- -pound sacks, long_whites, U. S No 1. 165 ASPARAGUS—Market steady. ceipts _light. crates, dos bunches, Carolina, colossal. 2, 1.00- select, sreen. fan 0-1.7. oice. Catitorie,” exize selct, 1o 75: AVOCADOS—Market steady. receipts light. California, flats, 1 according to condition. | BEETS—Market _steady. halt | erates. bunched. mixed cars. | CABBAGE—Market steadv. Truck re- | | Express 50-2 Texas. 50 ceipts —moderate. 1'-bushel _hampers, Florida domestic round tvpe. packed local- ly. 1.00-1.10: South Caroiina. pointed type, packed_ locally, 100. LERY—Market steady. Florida, Flor- ‘dn “Standard crate individually washed. Cali- steady. Market steady. 2.00-2.15 about Bunched. California T 2 o, Texag hall crates 135 LETTUCE—Market weak. ~California, Salinas district, L. A. crates. Iceberg type, 5. n, 4.25- ; South Clrollnn half_crates. Iceberg . 1.50-2.00; North Carolina, L. A crates, Iceberg type. 4-5 dozen. 3.00- 8.50: 5-peck hampers, Big Boston type, 1550-2.00. Onion Magxet Dull. ONIONS—Market dull. =Minnesota, New York and Ohio, nd- sacks. vellows, oS N L 235 fair - condition, “PEAR “Market_slight) Bushel hampers. California.2.75-3.00: " Florida, * SIRAWBERRIES — rket slightly stronger. - Floride. truek recmnt: ight. Florida. 36-pint crates, 11-12 12 per pint. Louisiana, 24-pint_crates, POTATOES Market - steady, Truck receipts light North Carolina, bushei baskets, Nancy Hails. 90-1.00 SNAP BEANS -Market steady. ~Truck recelpts, moderate. rida. bushel hal Black ordinary condi. steady. Truck Cuba. bushel hampers. 3.00- —Market sund‘ Truck re- ubs, ushel crates, 5 weaker. BEANS —Market receipts light. EGGPLANT- ceipts very light. 4.25-4.50: fair —M: Truck re- ampers, yellow, best, Market Truck Hm‘\du Ifluhd baskets. \TOES—Market steady; _supplies light. Repacked. 10-pound cartohs. 1.75- N rding o condition and size -Mar] et .l.eld! Nelrb’ sections. bushe] baskets. 4 TURNIE 8 Merket slightly Jeaker. Truck ;‘mlnu moderate. - North rolina, bushel steady. Nearby rket fections of ‘Marvlana. and “Virgliia, bushel baskets, SPINACH—Market steady. Truck = re- geipts light Virginia, Norfolk section, bushel h-mpe 0. OSROOMS Maryland_and Pennsyl- anis pound baskets. some poor condi- T B ekt et 3520, RANGES—Fiorida, boxes, 2.75-3.75, as rade and size. RAPEFRUIT—Florida. boxes, 1.50- 8s to grade and sise; sbecial mai INS—California. box!l, 300-4 50, 13 lléuofilde W xu ile cutu best, 2.00- 2.25; fair d:or.lmun, 1.50-1. | FINEAPPLES—Puerio Rico, crates. 4.00- l;mmm—muz Carolina, % crates, “@APE—Nearby sections. bushel baskets, B0p ARSLEY—Texas, 1 erales. 1.50. t Arrival of Peesh Pruits s ‘Snd Vesetabies. Wo cariot -mnh: one un- track. "Q:A:I'A:O"Unuflv—fi carlot arrivals; one unl l!ornh arrived; two snd one on track. nushel 00-1.50; . receip! light. 2.50-3.50. 5 .50, 5 higher. WASHINGTON, D. C, THURSDAY, APRIL 25 1940, By orivate wire direct to The Star 8tock and .Illl— Dividend Rate. Add 00. High. Low. 2:58. Aero Sup A 1.50. Aero Sup B .20g. Alnsworth .26g.. Allied Pro A 1.76 Alum Co Am ( Alum Industries Alum Ltd (1.50e) Am Book (4) Am Box Board .. Am Centrifugal Am Cynam B 60 Am Export 25e Am Fork&H .46e Am Gus & E) 1.60 Am Gen pf (2) Am Gen pf(2.50) Am Lt&Trae 1.20 Am Maracaibo _ Am Republics Am Seal-Kap .12e Am Superpower Ark Nat Gas(A) Art Metal W .15e Ashland O&R 40 Ass0 G & Elec(r) Asso G&E (A)(r) Atl Coast Fish _ Atlas Corp war Atlas Drop F .20e Austin S1lv M (r) Auto Vot M (.50). Aviation & Trans Bahcock & W .20e Baldwin Lo war Baldw L pt 2.10 Bath tron PR Beech Alrcraft Bellanca Alrcraft Bell Alrcraft Bliss (E W) Blue Ridge Borne Scrymser Bourjois (1g) Bowman-Bilt Bowman B 2d pf Brazillan TrL&P Breeze Corp 50g Brewster Aero Bridgp't Machine Brown Co pf (r) Br'n Fence A .65e Brown Rubber BruceCo(EL) .. B N&EP pt 1 60 B N&EP 18t (5) Bunker Hill .25e Cable Elec Prod Callite Tungsten Can Col Airways Carib Syndica Caro P&L pt «6) Carrier Corp Catlin (Am) Celan pte pf (7a) Cent NV Pw pt 6 Cent P& L pf () Cent States Elec | Chi Flex S (5a) Claude Neon L Clev Elec 111 (2a) Clev Tractor Club Alum Uten Cohen & Rosen Col Fuel & | war Colts Pat F A «2) Columb 01l & Gas Comwlth Dis .08e Com P&L Ist pf Comt'y P S 1.30a Compo Shoe (1) Cons G&E Bo 3.60 Consol Gas&Elec Balto pf B 4.50 Consol Gas Util Cons Steel Corp ContlG&E pr pf 7 Contl Roll & StI Copper Range Cosden Petr pf Crenie Petr 50a | Crocker-Wheeler Crofi Brewing Crown Cent Petr Crown Drug 05e Cuban Atl Sug C Decca Ree 60 Det Paper Prod Distilled Liquors Diveo Twin Trk omin Stl & Coal ubilier Con 13g Duke Power .75e Duro-Test Duval Texas Sul Eastn G&F 6 ot Eastn Gas & Fuel Dr pf (1.125k)) Eastern States._ Eastn Sts pf A Eastn Stspf B _ Elec Bond & Sh Elec B & S p? (6) Elgin Nat W .25¢ | Equity Corp Fairchild Avia Fairchild £ & A Fanny Farm 1.50 Fla P&L pf 3.94k | Fordccan)Acl) | Ford Can (B)(1) Fora Ltd « 168) Fruehauf Tra 2ie Fuller (G A) Gen Alloys | Gen Pub Sve pt Glen Alden 125e Grand Rap V .40 G A&P n v 3.50e G A&P 1st pf (7) Gruman Afr ____ Gulf Ofl of Pa(1) Ham’ermill .25¢ Harv'd Brew .05e Hearn Dept Str: Hecla Min .10e Heyden Chem 2a Hires (CE) ..60e_ Hoe(R)& Co A Horn (AC) .. Horn & Hard (2) Humble O1] 375e Hum'l-Ross .15e_ Hygrade Food 1llinots-1a Power L1-1a Power pt 1l1-1a Pwr div et Imp Oil Ltd .50a . Ind Pipe L 10e Ind Sve 6% bf Ind apP&Lpf 650 Indus Finan pf InsCo N Am 2a Int Hydro El pf Int Indust (.10g) Int Pa&Pwr war. Int Petrol 1.60a. Int Products Interst H Eq .60 Iron Fire vtc 1.20 Irving Air Ch (1) Jacobs Co Jer CP&L pf (6)- Jer CP&L pf (7). Jones & Lau Stl Koppers of (&) _ Lake Shore M.50e Lakey Fdry & M. Lane-Wells (1) __ Leonard 01l Line Material _ Locke Steel 120 Long Island Ltg Long Isl Ltpf B Majestic Radlo Mapes Consol (2) Massey-Harris Master Elec 60e M & M pt pf (2a) Mesabi tron - Mich Sugar Mid St Pet B 108 Midvale Co (1e) Mid West Corp. Midwest Uil .90. Mo Public Sve.. Mock Jud V 25e Molybdenum .25 Monogram Pic_.. Mon LH&P 1.50. Mount CityC .. Mount Prod (.60) Muskegon .35e __ Nat Auto(.40e) Nat Bella Hess_. Nat Cont 20e _. Nat Fuel Gas (1) Nat Oil Prod .25e Nat Rubber Mack Nat Trans (.85g, Nebr Pwr pf (7) Nehi Corp new Neptune M A .50g New ldea (.60) NY Auction NYC Omnib war_ NY Merch (.60) . NY Shipb'g fd sh NY Water Sve'pt Niag Hudson Pw Niag Hud 1st (5) Niles-Bem-P .50¢ Nor Am L&P pt N A Rayon A JO- N A Rayon NIPS 25- 100s 508 - 1108 1 12 24 5 50s 8 258 50s 100% 1 1244 12% # 2% 10% o s 103y 1% 3ia 1234 103% 13 # 2% 10% 1 102% 1 114 34 122% 1 1034 2258 1124 LSl 150s 781y 60s 10 117% 11 5% 944 T4 50s 11 4 24 508 1008 2008 3 5 100s 3 10s 13 16% 2% 2% 100% 100% 1 108 108 1 230 29% 884, 88% 17% 1% 4% - 4 12 12 & 114 131 1% 38% # 1% Y% 287 31 36 27% # pey 400| 1501 96! l 22 19% 00'4 1214 1 2% 10% 1 034 11% 234 % | Tol Ed pt (6) e i 15% 2! 00% 08 30 88% 17% 4% 12 # 11% 134 1% 381 % 28% 34 36% 2T% 1% 8% 8 5% 8% 8% L] % ot x.i(ll 10- Wl% lm mu FINANCIAL NEW YORK CURB MARKET Btock and Sale: Dividend m High. NIPS 7% pf 17k 208 116 115% 115% North'nStaP (A) 1 13% 13% 13% Ohio Brass B.60e 25s 23 23 23 Okla NatGas.25e 1 19% 19% 19% Okla Nat G pf(3) 50s 49% 49% 49% Okla NG cvpf5.50 258 114% 114% 114% Oldetyme Dist 28 3% 3% 3% PacGast%pf1.60 1 33 33 33 1l 20 4% 4% 4% 162 e o e 8 20% 19% 20 108 109% 109% 109% 258 175% 175% 176% Phillips Packing 1 64 6\ 6% Phoenix ur 8 18% 12% 13% Phoenix Secur pt 300s 43 42 42% Pierce Gov (.25e) 6 14% 14 14 Ploneer Gold 40 4 1% 1w 1% Pitney-Bowes .40 1 8 8 8 Pitts Forg (.25e) 14 13% 127% 13% Pitts Metal .25e. 2 13 12% 12% Pitts P1GIl (1e 1 102% 102% 102% Plough Ine (.30e) 1 9% 9% 9% Premier Gold .12 4 # 1] i Press Metals .25¢ 1 8 8 8 Prosperity (B) . . 2 4 1 4 PbSve Ind$6 pf 258 Bl 51% b5l% P 8 Ind 87 pr pt 268 99% 99% 99% PS Ok prin pf(7) 40s 110% 110% 110% Pug Sd $5pf 1.26k 100s 83's 831 83% Puget SAP$6pf 5008 277% 27% 27% Pug S'd Pulp .50e 8 23% 22% 23% Quaker Oats pf 6 100s 150 150 150 Reed Roll B (1a) 124 24 Republic Aviatn 67 6% Richmond Rad 2.1 Rossia Internatl. Ryerson H ~ 5 St Regis Paper 36 St Regis Pap pf 250s Salt Dome Ol __ h | Scovill (.25¢).__. 3 ®cullin Steel Scullin Steel war Segal Lock Seiberling Rub Selby Shoe .125e Sel Ind pr pt 6.50 Sentry Saf Con Shattuck-D(.10e) 1 Shawin W &P 90 1 Sher-Will'ms .75 1508 Simmons H & P Simplicity Pat._. Singer Mfg (6)_. Solar Mtfg Sonotone (.05e) South Coast So Penn 01l 1.50. South n Un Gas .. SoUnGaspfA _ Stand C&S (1.60) Stand Invest pf- Stand 0110 (1) 374 37 37 Stand OilOh pf 5 758 109% 109‘¢ 109’% Stand Silver Ld 10 Tn T Stand Stl Sp 50e 9 35 Stroock & Co 100s 10 Sun'vOevof275 2 40 | Sup Oil of Cal 351, | Swan-Finch 20e_ 6y | Tavior(Ky)Dist 1 Technicolor 3 N Enrniies) 50% | Tob Sec D .036e 3 10s 108 10s 114% 5 34 20 6 16 25 1 18% 13 13% 10 1w . Low. 2:B! Pa-Cent Airlines Penn P&L pf (6) Penn Salt (2e) . % 1% 4 9% T 32 8 58% * 6% 16% 98Y% 23 4% 2 1% 10s 131 13 2 3 6 2 3 1 a 108 1145 1143 | 3w 34 6 214 18% 131 14 | Toledo Ed of (7) | Tung-Sol Lamp . Udylite 1.10e) _ Unexcelled Mfg Un Prem F' S (1) Unit Airc't P 108 Unit Cgr Whelan United Corp war_ United Gas g United Gas war . i Unit Gas pf 2.25k | Unit Lt&Pwr pt Unit Sh M 250a Unit Sh M pf 150 24 18% 134 1 & 115 [ 105 T4 36 & 1| 10»‘- | 364 | T4y 44 “ the actual cost to $76) »%% A-21 Rail Loadings Top Levels of Year Ago By 12.6 Per Cent Shipments Register 1.5 Per Cent Gain During Week By the Associated Press. The Association of American Rail= roads reported today 628,342 cars of revenue freight were loaded during the week ending last Saturday. This was an increase of 9,532 cars, or 1.5 per cent, compared with the preceding week; an increase of 70,- 475, or 12.8 per cent, compared with a year ago, and an increase of 104,- 594, or 20 per cent, compared with 1938. The report classified the loadings as follows: This wk. Last, wk. A year ago. us 266,477 396 -1&5“17 148150 — 151 113493 + 372 34,163 +2,067 T8 + 3411 ‘oal Grain-and products__ + 3.608 — 2,006 T L l Cok: Shipmenbs of all classes of freight | except less-than-carlot merchandise increased during the week, but the gain was smaller than seasonally ex- pected. The Associated Press seasonally | adjusted index of loadings, based on 1929-30 as 100, declined to 67.6 compared with 685 the previous week and 60.4 a year ago. 1939. 1938 e T3 1937, 1034 €. Wrapping Paper Price Boosted To $85a Ton By the Assoctated Press. NEW YORK, April 25—Paper trade circles reported today that leading manufacturers advanced the price of Kraft wrapping paper to $85 a ton, net. The former price of $80 a ton (with a discount of 5 per cent, reducing was with- drawn April 10 when Germany in- | vaded Norway, one of the world's chief sources of paper pulp. March Tire Shipments Slightly Behind 1939 By the Associated Press. NEW YORK, April 25 —Shipments of automotive casings in March | Unit Specialties | Us Foi «8) | Us&1spt1 25k 2 U S Plyw'd 60e US Plyw pt 1 50 U S Rub KReclaim | Unit Wall Faper UniwCorp vie | Univ Proa « ave) 1008 211 | Utah 1dano Sug 1 1% | | Utan &1 of 21k 258 0 Utility Equit pf 5 | Utility&Indus pf ¥ t | Valspar Corp Van Norman 40e Venezuela Petrol Va Pub Serv pt _ Waco Atrcraft Waitt & Bond A_. Walker Mining Wayne Knit 1.25g West VaC&C Western Air Exp Wichita Riv Oil_. Will'ms (RC) .. 6% 6% 6% | A Wright Harg.40a 10 54 5% 54| In pankruptcy or recelvership or um-‘ reorganized under the Bankruotcy Act or securities such e Rates of dividends in the foregoin are annal disbursement: based on the | last ouarteriv or semi-annu | tior Uiless othi notea e not incluged 1sc Accumulated Avidends | e Declarcd o1 nald | Favable In sinck & baia hcash o stock |k Accim 1aten @ividends nain o) declareo thic vest ur Under rule ww With warrants o Witnour warrants war Warrants | Suit Cuttings Show Drop in February By the Associated Press. Manufacturers of men’s and boys’ suits, the Census Bureau says, cut 1,663,538 suits made wholly or partly of wool in the four weeks ended March 2, compared with 2,037,153 in the preceding five weeks, o. .u< | 11 6 | 15 | 28!s | | 81 5 % K 14% 2 T4 5% | pate | far inis eear ast vear Insurance Stocks NEW YORK. April 25 (®.—Nationa! | Association of Securities Dealers, Inc.: | Aetna Cas (4a) Aetna Ins (1.60a) ~_ Aetna Lite (1.202) | Am Equit A Ins Nwk rva) Am Reins (1.608) Am Reserve Am Surety (212) (1) 20a) Automobie Balt Amer Boston (16a) Carolina_( Gy ot*N ¥ (120 Conn Gen Life (.80) Contin Cas (1:20) Fid & 0 ( Glens hll. 0 60) lobe & Rep (14) Slobe & R Natl Ciberty {20m) New Amst Cas (34)_ FETENEES et U P G U 8 Pire (2) ‘Westchester (1.20a)_ Al (tra_or extras. &lotations ruraished clnlon of Securities Deal Skt ctlons orAre pids. o oficrs Fan Fm bl shouid indicate approximate prices. National Asso- s, Inc.. which reflect actual but Foreign Markets Anfllfl olls were firm throug] rails finished rrunomuy higher. Snese. Cillean and Austrian bonda ad- ugcefi while Chinese issues lost nt. mi tter. ~—The Bourse held fairly o Ametics shares general ng slightly. Traders, however, were Ty of extensive commitmen uu nnunt status of the fll!'ltllll in Nor! New York Bar Silver NEW YO » sive, % uncnangea o D'. 20~ 20%. 1Iresh, 159%-% amounted to 4,351,657 units, com- | pared with 4.118030 in February | and 4,564,794 in March, 1939, the Rubber Manufacturers’ Association reported today. Procuction totaled 5,031,153, inst 4.910,754 in February and 5,001.026 in March, 1939. Inventory increased to 10.836,239 from 10,156.- 918 in February and 9962917 in March, 1939. For the first three months ship- ments totaled 12,746,199, against 12,444,840 in the like 1939 quarter, while production totaled 14,918455, compared with 13,945,959 in the first 1939 quarter. Curb Bonds Ala Power 5s Ala Power 55 21 Am P & L 6s 2016 Ark P & L 5536 As G it | Can, Nor > Cent 8 P& Cont G & Ghdany e 4R S F&G 4125 R0 Qnio Pub Svc 4< 62 L 55 55 & El 6s 57 Stand Pw&Li 65 57 Texas_Elec 55 60 2 10515 1051 1 Tide Wat P 5% 70 A % 1003 10822 """n m‘l’fi 993, Z 93" gong 93 1001 10013 1001 100vk 10043 mmi’ ~107 107 POREIGN— Liareo Hyd EL 75 52 ippon E P 625 53 Parana Braz 7s 58 Russian 625 19 mat mY—With enrrants, ) 40% 49 . - 404 18% 38 18% 18% x:w—:vnhnuz wu. p)—Stam INerotinbiiity imbalted B3 maturity. New York Produce April 28 (7. —Eggs, 22,40 NEW i steady to nrm Mlxe.: colors, fancy to e 38X tra_ fancy. 19 siorase " packed Thacth: "Curtent. Teceinta, 1615 : }gv rties, No. 1. 16%: averaee eheeks, A Whites—Resales of { premium marks. 22 %414 neart by, and Midwestern, remium s, 20-21%, 19%: ' standards, to fancy heavier nearby and Midwest- “Dect 19. ul of exchange to mednum, 17%-19%; nudl V‘ % 20-21'2 l tter, - er 28 - ey 28 “.‘:"1 ¢ n).‘ ; oads fe . 112,023: trresular. Sta i Fate, 21 '-u.‘nefi b7 Meml Murket April 25 ().—C -emad u.lecrromi: spot._ Connectioat: Vel 25-50; ~ export f.a.5. New York, - golin r;u-dy.,smt'_-ndd nearb: Faardy 4725, Lard stead Zine, sigad East SE 95, " Zinc. sieady: and forward. gl % s timony. platin mutkfluhee‘ffi‘e unch: Federal Land Banks l‘:k"bm'a“ April 25 (. —Pederal Land