Evening Star Newspaper, April 25, 1940, Page 22

A—22 xx%% Ways to Strengthen Safe Deposit Units Suggested by Upham Treasury Official FINANCIAL. THE EVENING - STAR, WASHINGTO C, THURSDAY, APRIL 25 1940 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESIeeIandSpecwHy ot REE e Tbe Smrt. B . o2 Stocks in Spotlight, Others ignored Prev. 1040 and D"ld'nfl Rate 1 Contl Beking (B) _ 86 1Contl Baking pf (8) 41% Contl Can (1e) 6% Contl Diamond .2 38 Contl Insur 1. 34 Contl Motor 22% Contl Of) (.2 Prev. 1940 Hizn, Low 0% 67 52% 45 9 T 48 % 6 Stock and Dividenc Rate Abbott Lab (1.60m) Acme Steel (3) __.. Adams Expre: Alr Reduction 2 Air Way Elec Appl- Alaska Juneau .60_. Net. Dividend Rate ua 00. High. Low. Close. chse. % 15% Liquid Carbonic.606 2 16% 16 Rate. 8 Neb. 45% Morocw chi pt. 108 89y 81 8 23 ales— 4Add 00. H.llh Low Close. chge 2 69% 69 69% + % 2 50 50 4Th Th Th+ % 9 48% 49% + % # w+ 6 6 -u 16% 10% 43% 8% 7% 22% 39% Reyn Tob (B) (le). 6% Richfield Ofl (.60g). 6% Ritter Dental 18% Ruberoid (1.10g) .. » S 424 Lone Star Cmt (3)... 167 Loose-Wiles .75e. 23% Lorillard (.308) __ Addresses Bankers At April Meeting By EDWARD C. STONE. Cyril B. Upham, deputy controller of the currency, told members of the safe deposit section of the Dis- trict Bankers’ Association at the Lee House last night that for the first time the Supreme Court of the United . States held on i Monday last : that national banks have an inherent po wer ¢ to conduct a 16% 9, T0% 417% 2% 182 171 o 10% 9y 13% 18% 9% Alleghany Corp Allegh’y $30 pf ww. Alleghany pf xw ... Allegh'y prior pf._. Alleg-Ludlum .25e._. Allen Indust (.25e). Allled Chem (6) . Allled Mills Allied Stores Allied Stores pf( Allis-Chaimers 25 Alpha Port Cmt.5! % Amalg Leather Amerada (2) Am Ag Ch Del .30 Am Alrlines 7 Am Bank Note ___ Am Bank N pf (3).. Am Bosch Am Brake Shoe .30s Am Can «4) = 4 Am Car & Foundry. 's Am Car & Fdry pf. Am Chain & C .80e._. 13Y% ™ 634 33% 14 53 11% 178% 5 5 115 65 291 20 15 49% 22% % 12% 11% 16 24% 1% 16 8 % 344 13% 2% 56 18 % 11% 49 T%h 391 114% 46% 2% b3 12% + % %+ % 16 24% + W 11% 179 16% - 8% + 4 T2 +1% 34y 13% =% 2% = W 56 + u 18 -y 2% +1 11% + % 49% 8 39% 114% + ‘6 29 +1y% 48% +2 2% + % —M\ ]77 15% Copperweld St1 “406. 52% Copperweld pf 2.50_ 53 Corn Exchange'(3). 581% Corn Products (8).. 170 * Corn Prod pf (1) 7 Coty International 19% Crane Co 98 CraneCocv pf (5)_. 28Y% Cream of Wheat(2). 6% Crosley Corp - 27 Crown Cork & Seal 37 Cr'nC&S pf ww 2.25 15 Crown Zellerb’k. 89 Crown Zeller pf (5). 344 Crucible Steel ___. 78% Crucible Steel pf.. 6% Cuban Am Suga 79 Cub Am S pf (2Kk).. 12% Cudahy Packing__.. 3% Curtis Publishing. 40% Curtis Pub pt (1x)_ 944 Curtiss- Wright 2T% Curtiy 18 Cutl 16% Louis G&B (A) 1.560. 54% Louts & Nash 1.25e. 33 MacAnd&Ford (2a). 23% Mack Trucks 27% Macy (RH) Co (1e) 11% Madis Sq Gar .60e _ 83% Magma Copper .50 2% Manat) Sugar 6% Mandell Bros .50e__ 14% Man Ry mod gtd(r) Man Ry m gtd ct(r) Man Ry gtd (r) ... Man Ry gtd et(r)_. Maracaibo Ol - 4% Marine Midl'd(.20e) Market St Ry pr pf_ Marshall Field 40_. Martin (Glen) M -Parry .. Masonite Corp (1a. Mathieson Ak 1.50. May Dept Stre (3)_. Maytag 1st pt (6) .. MecCall Corp (1.40). O 03 1 1O 4 1D 03 TVt 0D o =19 s3 & 53 um IOM 6% 24 22% 112% 441 Safeway Strs .’ 104 Sateway B pt (5)._... 36%4 St Joseph Lead (1). 19% Savage Arms (.25e) 11% Schenley Distillers. 72 Schenley pt (5.50) _. % Schulte Retail 8 (r) 4% Schulte RS pt (r)_. 40'5 Scott Paper (1.60).. % Seaboard Air L (r). 17% Seaboard Oil (1) __ 80% Sears Roebuck (3).. 13 8ervel ING (1) cceu. 12% Sharon Steel 4% Sharp & Dohmi 6% Shattuck (FG)(.40) 36% Sheaffer Penn 1.50e. 10% Shell Un O11 (.608) . 105 Shell Un O pt (5.50) 5% Silver King (.10e).. 20% Simmons Co ... 18% Skelly O1) (.250) .. 112#§ Sloss-Sh pf (6)cald. 289& 144 82 % 4% 43 Y% 17% 855 FFEFERES Hard Metal Shares Fail to Hold Gains; Losses Plentiful Stock Averages 15 15 60 Indust. Rails. Util. Stks, Net change. —. 1 —1 —1 Today, noon 71.9 Prev. day_. 720 Month ago. 714 Year ago... 63.2 1940 high_. 742 1940 low... 69.9 1939 high_. 77.0 1939 low... 58.8 416 2 20 20 360s 1124 1128 1 9% 9% 60 11 10% 14 2% 2% 4 284 27% 20. 152% 152% 60-Stock Range Since 1927: 1937-38. 1932-36. 1927-29. High _ 753 728 157.7 Low ____ 337 169 618 11% 9% Smith & Coro .50. 12! 10% Socony-Vae 26e 2% 2 SoAm Gold (.10e).. 29% 22'% So Porto Sug (1)... % South P R pf (8)___ Am Come'l Alcohol. 2 Am Crystal Sugar Am Crystal S pf (6) Am Encaustic Til Am& F P 6% pf.60k 21 8%~ T 14 884 2% 84 +1 14 881 2% 6% Davison Chemical 19% Deere & Co 25% Deere & Co pf(1.. 10) 16% De! & Hudson % Del Lack & Wn safe deposit business. This opinion, given by Mr. Justice McCrory Strs (1) .. MeGraw Elec (1) McGraw-Hill (.30e) Mcintyre Pore « 1 E 10s Reed, in the " case of the Col- Cril B. Uvham. grado National Bank of Denver vs. Bradford, affirms the position, which has been taken consistently by the controller of the currency. The opinion upheld the validity of a Colorado statute levy- ing a tax on users of safe deposit boxes. The experience of the controller’s office in dealing with safe deposit facilities in closed banks, Mr. Upham added, shows that the safe deposit unit is usually about as well man- aged as the rest of the bank. One that has been poorly managed can be the source of great trouble, and even litigation and expense, to the receiver. Weak Points Noted. ‘The more common ailments found were enumerated as: Poorly kept records, sometimes on a cheap record book, with poorly organized identification of box~- holders. Contracts carelessly drawn, or in- sufficient for the purpose, or leaving the bank wide open to fraudulent claim. Boxes rented to persons under as- sumed names. Boxes rented to two or more patrons as joint tenants without having properly established such a status. Insufficient records, or provision in the contract, for entry by per- sons other than the holder. Poor records or none at all of previous entry into the box by the holder or other persons. A considerable proportion of locked boxes for which no contracts can be found or which have not been opened by the holders for years, or upon which no rent has been paid for yea: or as to which former holders have ceased to respond to notices. Lincoln Addresses Bankers. G. Gould Lincoln, member of the editorial staff of The Evening Star and a nationally known political writer, addressed the fiduciaries sectior: of the District Bankers As- sociation at the April dinner meet- ing at the Columbia Country Club last evening. Mr. Lincoln discussed many of the high lights of the pres- ent political situation and made some most interesting remarks on the forthcoming political campaign. In discussing the national conven- tions, Mr. Lincoln gave Fresident Roosevelt the leading role on the Democratic side and Thomas E. Dewey top position on the Repub- lican side. He said the belief is growing that the foreign situation will play an important part in the coming campaign. Aubrey Carter. national bank ex- aminer of the Trist Division, was among the guests. Council Sessions Praised. ‘Washington bankers, back from | the A. B. A. Council meeting at Hot Springs, report the largest attend- amce on record, more than 450 being present. Francis G. Addison, Jr., president Security Savings & Commercial Bank; George O. Vass, vice president and cashier Riggs National; Wilmer J. Waller, vice president and cashier Hamilton Na- tional; D. J. Needham, general coun- sel of the A. B. A, and his assistant, J. O. Brott, were at their desks today. They said the various ses- sions were intensely interesting. Robert V. Fleming, only othér Capital banker at the meeting, re- mained at Hot Springs to attend the coming meeting of Reserve City Bankers. Accountants at Baltimore, ‘Washington Chapter, National As- sociation of Cost Accountants, send 40 members to Baltimore today to attend the joint meeting with Balti- more and York chapters. Tne 10612 118‘. 111 4 Am & F P 7% pf.70k Am-Hawia n S (1) Am Hide & Leather 4 Am Home Pr (2.40) Am tce = Am International _ Am Invililipt 2502 Am Locomotive - Am Locomotive pf _. Am Mach & Fy 80) Am Mach & Metals. Am Metals (.76e) _. Am Power & Light_ Am P&LS5pf 1.876k Am P&L $6 of 2.25k % Am Radiator | Am Radiator pt (7). % Am Rolling Mills _. Am Roll M pf (3k) Am Safety Raz 1.20 Am Ship Bullding - Am Sm & Ref (1e)_ Am Steel Fdry 25e. Am Stores (.25e) .__ Am Stove (.50e) __ Am Sugar Refining. Am SuRar R ptf (7). Am Tel & Tel (9) Am Tobacco (5) _. Am Tobacco(B) (5). Am Tobacco pf (6)_ Am Type Founders. Am Water Works - Am Woolen Am Woolen of (3k). Am Zinc prpf 2.50k_ Anaconda (.25e) Anchor Hoc Gl .15e. Anchor H G pf 6.5 2 Arch-Dan-Mid 35e_ Armour(Del)pf(7)_ Armour (111) : Armour (111 or pf_ Armstrong C'k .50e. Artloom Corp Assoc Dry Goods. Assoc Invest (2) Assoc [nvest pf ( Atch Top&Santa Fi Atch T&SF pf 2.50s. 4 Atl Coast Line _ Atl Gulf & W Indn At Gult & W Ind pt Atl Refining (1) __. Atlas Corp ( 50%) Atlas Corp pf (3) ... Atlas Tack 2 Auburn Auto (r) Austin Nichols . Austin Nich pf (A). Aviation Corp Baldwin Loco ctfs. Balt1 & Ohio (r) Balti & Ohto pf (r)_ Bangor & Arstook . Bangor & Ar pf (5) Barber Asphalt.50e Barnsdall Oil .30e__ Bayuk Cigar 25e _. % Beatrice Crea (1a). Bendix Aviat'n (1e) Beneficial Loan .45e Beneficial L pf 2.50_ 4 Bethlehem Stl (1e). Beth Steel pf (7) __ Bigelow Sanf'd(1e) Black & Decker .25¢ Blaw Knox Blumenthal (S) pf. Boeing Airplane Bohn Alum'n (.25e) Bon Ami (B) 2.50a_ Bond Stores (1.60)_ Borden Co (.60e) Borg- Warner 25 Bower Roll B (3) Brewing Corp ( 60). 4 Bridgeport Brass Briggs Mfg (.50e) + BKIvn Man Transit Bklyn Man Tran pt Bklyn Man pf ctfs ¢ Bkiyn & Queens . Bklyn Un Gas .50e_. Brunswick-B 25e. Bucyrus-Erie Budd Mfg Budd Mfg pt._. Budd Wheel _ Bullard Co (.25e) Bulova Watch (2a). Burlington M (1) 5% 461 37 8 % 36% Bush Terminal Bush T Bldgs pf__.. Butler Bros (.15e) _. Butler Bros pf 1.50. Butte Cooper Byers (A M) Co ___ 21Y% Calif Packing .25e_. 1% Callahan Zine 615 Calumet & Hec .50e. 13% Campbell Wy 650 _ 16': Canada Dry = 4% Canadian Pacific 37% Canngn Mills (.50e) 851 Caro-Clin & O (5) 23 Carpenter Steel 50e 2'4 Carriers & Gen 0Obe 66 Case (J 1) Co S o @ - - s ’ auan3Rovarednnrandan i mRapBonmanannoroo o a3 % 100 613 31 20% 1 1 Fi+141% 40010 +I+l ey §i +H++1 HHE1L o+ 4+ 5 seEFsx - EFFEER FEF2 % + + + A+ 3 %+ L++ 4+ 22% 35% 6% 123 234 23%, 106 613, 33 20% 26% 9 By ¥ I3 14+ + 10+ + 1 +++1 E £ ' »F 57 125‘/- 514 101 118‘& 18% 334 8 Detroit Edison (3e) Devoe & Ray A ibe Diam'd Match 1.50.. Diam T Motor - Distill-Seagr (2 Dixie-Vortex .25e _ Dixie Vor(A)(2.50) 16% Doehler Die C .25e Dome Mines (2) _ Douglas Air (3g) Dow Chemieal (3).. 14% Dresser Mfg 18% 115 Du Pont (1.75e) _. 122 Du Pont pt (4.60) 26% Eastern Air Lines. ) 168'% Eastm Kodak pf (6) 27% Eaton Mfg (.76e) . % Eitington Schild __ 34% Elec Auto Lite .75e. 123 Electric Boat 60g. 1% Electric & Music_ 4% Elec Pwr & Light__ 2214 Elec Pwr & Lt $6 pf 26% Elec Pwr & Lt $7 pt. 2813 Elec Stor Bat (2) 36 El Paso Nat G (2) Endicott-John (3)._. Eng Pub Service Eng Pub Sve pf 650 Erie RR 15t pf (r) . Eureka Vacuum Cl. Evans Products 4 Ex-Cell-O « 40e) Exchange Buffet_ « Fairbanks Co pf___. Fairb’ks Morse(1a) Fajardo Sugar .50 Fed Lt & Tr pt (6).. Fed Motor Truck Ferro Enamel (1a. Fidelity Phoe 1.60; Firestone Tire .50: Firestone pt (6) _. 43% First Natl Strs 2.50. 18% Flintkote (1g) - 32 Florence Stove .60e. 23% Florsheim (A)(2) . 2% Follansbee Bro (r)_ 27 Food Mach (.25e) 16% Foster Wheeler _. 37 Francisco Sugar 29 Franklin Simon pf_. 317 Freeport Sulph (1). 174 Gabriel (A) 2% Gair (Robert) 1214 Gair (Robert) pf__. Gannett Co pf (6) 4% Gar Wood Indust 11 Gavlord Cont (.10e) 61 Gen Am Invest __ 51 Gen Am Tra 2.375g. 7 Gen Baking (.15¢ 214 Gen Bronze 6% Gen Cable 18% Gen 48!5 Gen 3674 Gen Electric (.35e). 45% Gen Foods (2) 1 Gen Gas & El (A) _ 40 GenGas&E cv p! 86% Gen Mills (42) __._ 126 Gen Mills pf (5).... 51 Gen Motor (.75e) _.. 123% Gen Motors pt (5)... 4% Gen Outdoor Adv 37% Gen Out Ad(A) 2k. 87 Gen Print Ink 10e_. 15% Gen Rwy Signal 86'2 Gen Rwy Sig pf (6) 27% Gen Refractor 25e 142 Gen Shoe (1.20) 24 Gen Steel Cast pf 197 Gen Telephone 1.20 11% Gen Thea Equ 20e . 15% Gen Time Inst .25e_ 18 Gen Tire & R ble 6 Gillette Saf R (.60). 47'2 Glllette S R ot (5).. 7 Gimbel Bros 16% GliddenCo 381, Glidden cv pf (2.! XE) 2% Gobel (Adolf) __. 2% Goebel Brew (.20) 16'2 Goodrich (BF) 63% Goodrich(BF)pf(5) 21% Goodyear T&R .50e. * Graham-Paige - T% Granby Consol .50a_ 9% Grand Unionm x ctfs. 13% Grand Un war ctf: 31% Grant (WT) 1.20e. 221 Great North'n pf 121 Grt Nor O ctfs .75 29% 27 Great Wn Sug (2) 142 35% 17% 30% 18 20% 105% 28% 9% 104 4% 11% 133% Great Wn S pf (7) 303 Green (HL) ((2a)._. 15% Greyhound (1) . 20 Guantanamo Spf . 15 Gulf Mob & Nor pf 16 Hall (WF) Prtg (1) 101 Hanna(M)pf(5) 23% Harb-Walker (.50e) 7% Hat Corp (A) 91 Hat Corp pf (6.60)_. 3% Hayes Mfg Corp _. 9% Hecker Prod (.60).. SESFFFFFEL FEFERE F ¥ w0 EE3EZ FAEESS s $3 = s +t +LII+I+ ++1 4 ] 9 i o5t & OFEEE FIEFP FF OF FEFEFE +4 F¥F OFEF ¥ +H+1 0+ FEFEF FEFerS 116% 121 170‘4 19 2019 16% 13% 18% 116% 114 614 T 267 15% 12% 221 1484 8% 3% 9% 219 26% Mead C pf(B)(5.50) Mead Corp pf (6) __. Melville Shoe (2)_. Mengel Co Menge! (0 6% pt Merch & Min Trans Mesta Mach (le) .. Miami Copper .20e Mid Cont Pet (. Midland Sti P .50e._ Mid St} 1st pf (8) Minn-Hon Ros (2a). Minn-Moline imp . Minneap-Moline pf_ Mission Corp (.658) Mo-Kan-Texas.___. Mo-Kan-Tex pf__.. Mo Pacific pf (r) Mohawk Carpet 25 Monsanto Ch (2) Monsanto pf B 4.50_ Mont Ward (1.75e) Morris & Es (3 875) Motor Product Mueller Bruss Mullins Mfg (B) Mullins Mfg pf Munsingwear 25e. Murphy (GC) (4) Murray Corp _ Myers (FE) .75 __. Nash-Kelvinator 4 Natl Acme (.50g) Natl Aviation Natl Biscuit(.80e) _. Natl Biscuit pf (7). Natl Bond & [nv(1). Nat'l Bond & S.30e._. Natl Cash Reg (1) _. Natl Cyl Gas (.20e). Natl Dairy (.80) Natl Dairy pt A(7). Natl Dairy pf B(7). L 16% 104 118 50% 26'% 1013 223, 165 16 18% 134 10% 164 110 109% Natl Enam & Stpg. Natl Gypsum __ Natl Lead (60) Natl Lead pf(B)(6) Natl Pwr & Lt 60__ 2 Natl Steel (.50e) Natl Supply Natl Supply $2 pf_ Natl Supply 6.60 pf. N Y Air Brake (1e). 14% N ¥ Centrai 15 N ¥ Chi & St Louis_ 294 N YCh1&StLpf _ 31 N Y COmnibus (3). 6% N ¥ Dockpt 524 N Y Lack & Wn (5). % NHB&H (@) _. ) NB&HDpf (r). 3% N YOnt& Wn (r).. 13% N Y Shipbilding 28% Noblitt-Sparks .60e. 208 Norfolk & Wn (10). 20% Nor Am Aviation__. 20% Nor Am Co (1.20) 5? No Am 5%% pf 2.875 14 Northern Pacific 3% Norwalk Tire. 615 Ohto 011 s lS‘a Oliver Farm Equip.. Omnibus Corp 1.20 15% Otis Elevator .35e Ous Stee) 5 Outb’'d M & M 80e . Outlet Co pf (7) 2 Owens-111 Gl (1e) Pac Am Fishertes Pacific Coast Pac Coast 1st pt Pac Coast 2d pf . Pac Gas & Elec (2). Pac Lighting (3) Pac Tel & Teleg (1) 150 Pac Tel & Tel pf (6) 5% Pac Tin Consol .20e. 67 Pac Western O .40g. 31 Packard Motor 15% Pan-Am Atr 41% Paraffine (.75e)_ 7 Paramount Pie 85 Paramount 1st (8).. 8% Param't 2d pf (.60). 17 Park & Tilford ___ 1% Park Utah M .10e_ 42% Parke Davis (.80e. 9% Pathe Film 5% Patino Mines . _ 55 Penick & Ford (3) 8 enney (JC) (.76e). 4 Penn Coal & Coko 2 Cement. Penn-Dixie Cem pf_ Penn Railroad (1) Peoples GLt&C(1e) Pere Marquette pf Pere Marq pr pf.__. Pet Milk (1) 115% 120% 16'3 115 120% 51% 120% +1% 51% + 27 +¥ o P+t 19 65% Tl ++44++ SEFE FEFEFES + B £5 0% 684y 1244 39% 48% 2% T 2l 151 159 38% 397 31% 4l 313 118 15% T FEF FE ¥ FEFESE g4k © SPESFFFE F 152% 1 6 4% S.E.Greyh'nd 1.60 28% Southn Cal £4 1.50a 11% Routhern Pacific . 14% Southern Rallway.. 25% Southern Rwy pt 1% Sparks“Withington. 41 Sperry Corp (28) _ 29 Spicer Mfg (le) _. 50% Spicer Mfg pf A (3) 8% Spiegel, Inc (.30e) . 60 Spiegel Lnc pf 4.50 . 3% Stand G&E $4 pf___ 1344 Stand G&E §7 pr pf. 22% Stand Oll of Cal (1). 25 Stand Ol ind (1)__. 40 StandOil NJ (1a).. 28! Starrett (LS) .50e__ 76Y% Sterling Prod (3.80) 7% Stewart-Warner. 5 Stokely Brothers_.. 9% Stone & Webster.. 9 Studebaker = 9% Sunshine Min 1.60.. 20% Superheater (.50) . 2 Superior 011 134 Superior Steel 28% Sutheri'd Pap 1. 20.- 22 Swift & Co (1.20) ... 27% Swift Ingl (2) 7 Syming-Gould 5% Syming-Gould xw_. 5% Tennessee Corp ... 42% Texas Corp 12) 3'2 Tex Gulf Prod(.10e) 32% Tex Gulf Sul (2) 5 Tex Pac Ld Tr.10g. 12! Thatcher Mfg (1) 3% Thermoid 2% Third Avenue ___.. 4 Thompson (J R)___ 27% Thomp Prod (.26e)_ 1% Thompson-Starrett. 10 Tide Wat A 0 .15 20'; Timken-Det Ax (1). 46's Timken R B (.50e) . 5% Transamerica (.60) 12% Transcont! & W Alr 7 Transue & Will .15e 2% Tri-Continental 4% Truax Traer C.25e_ 9 20th Century Fox _ 21% 20th Cen F pf 1.50__ 2% Twin City Rap Tr_ 92 Twin Coach Y% Ulen & Co (r) 11% Un Bag & Pap .15e) 7813 Unlon Carb (1.10e) 112% Union El(Mo)pf(5) 16 Union Oil(Cal).50e_ 93 Union Pacific (6) .. 84 Union Pac pf (4) 22% Un Tank Car 1.20 43!5 Unit Alrcraft (2g)- 143 Unit Atr Lines = __ 112 Unit Biscuit pf (7). 54% Unit Carbon (3).. 2 United Corp. __. 36% Unitea borp of (3)_. 5 United Drug. __ .. 4% Unit Electric Coal.. 75 United Fruit (4)___ 11% United Gas Imp (1) 10; Unit Mer & M1g .50e 814 U S Freignt (.25e 80% U 8 Gypsum (2).. 4% U S Hoftman __ 21 U8 indus Alcohcl... 5% U S Leather i 9% U S Leather (A).__ 347% U S Pipe & Fdry (2) 34 US Play Cards (2a) 14 U S Realty & Imur) 322 U S Rubber 100 U S Rub 1st pf (2e) 60's U S Sm & Ret (2e) 641: USSm & R pf 3.50 53'2 U S Steel (le) 11> U S Steel pt (7) 35 U S Tobacco (1.28) 43 U S Tobacco pf 1. 1% Unit Stockyards . 6% Unit Stkyds pt .70 13 Unit Stores (A) 13% Univ-Cyclops S .20e 148 Univ Leat T pt (8) 28% Vanadium _ e 35% Van Raalte (.50e)__ 284 Victor Chem (.30 3 Va-CaroChem _ 26} Va-Caro Chem pt. 116 Va Elec Pwr pf ( 5% Va iron Coal&C 1 Wabash pt (A)(r) 6% Waldort System .60 ggh Walgreen (1.60) Walgreen pt (4.50)_ Walker (H) (4) __ 14% Walker (H) pf (1).. 5% Walworth Co - L% Ward Baking (B)__. 3% Warner Bros Pict 17 Waukesha Mot (1 3% Webster Kisenlohr_ 21 Wesson Oll & Snow. 68 Wesson O&S pf (4). 102% West Penn E pf (8) © o © o JOTVIFGVRIS —JOTOIeE TISPS JOTVINE - TUIOPNTE TORTN RPN PRIV o 20s 112% 112% 3 6 30s 47 608 1571 20 38% 10s 117 10s 10415 10435 15% 15% 30% 30 12% 12% 16% 2% 2% 425 36% 56'% 9% 6319 39 T% 1% 5 19 ¥ FEEFFE [ S o FEOF O FFEFS 27% i+ o+ & 1+1411 EFIEFE F F FEEF FIEFF RN NN 84% 26% 49% 213 6419 | B | & &F - EFEEEFES 623 1128 1 33 FhH4+ 0+ I+ 4+ FFrESS 2 2% 1 % 2 1% 1 151 d - 15T 38 36 2815 3% 274 17 12 14 % 227 98% 3L 14% 5l 14 3% 19% 4y 26% 73 e | SEESFeEEEE £8 seees 2 36 3 281 2 3 1 271 (VS e o T AT T FEF the opening on. much as 2 points or so at the best These were whittled down to zers in numerous cases around midday There was another revival aftel noon, with the hard metal stock again out in front. Top marks wen shaded in the final hour and losen were plentiful. | sponse Allied Purchasing Commission ths contracts for approximately $20,000 | 000 worth of planes and engines ha been placed within the last tw | weeks. United States Smelting, J. I. Case, Sperry Consol dated Edison and Great Northern. Chicago Grain BY the Associated Press. than %] (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, April 25—Buyen took on a moderate amount of steel and specialties in today’s stock mar. ket, but ignored many leaders. It was a hop-skip session fron Gains ran to a Dealings, while slack during th greater part of the proceedings, wer in shares, the neighborhcod of 800,00 Conflicting foreign and domesti % influences kept Wall Street guessin | throughout. found in the action of Carnegie Iliinois in rescinding recent stee price cuts on May 1, but doubts wer in evidence as to whether consumer would be in any hurry to take ad vantage of present lower tariffs. Some optimism wa Despatches telling of allied re verses in Norway also had consid erable to do with cooling speculativ sentiment. Corporate earnings, bot actual and prospective, stimulate shares. served ¢ bidding for individus Prominent on the topside at on time or another were United State Steel, Bethlehem (at a new year high), preferred, United States Industris Alcohol, Arms, Johns-Manville, Dow cal, Loft, American Car & Foundr | and Brooklyn-Manhattan Transit, Chrysler, Curtis Publishin Evans Products, Savag Chemi Aircrafts failed to jump in re to announcement of th Backward were Eastman Kodal Rubber, America CHICAGO, April ~ 25—Whey prices slumped a cent a bushel tg day due to selling based on pros pects of showers over much of th grain belt, including the Southwe; hard wheat zone where, various ry ports indicated, crop prospects a1 | less pessimistic in some regions. Favorable growing conditions hay, prevailed over much of this sectig of the belt recently and some e3 perts have stressed the possibility 4 | small production in areas whey| wheat previously had been consig | ered lost. Wheat closed %-1!; cents lows yesterday, May, $1.09%-%f $1.0815-81.08; Corn, V-4 own, May, 643;-13; July, 65; oa lower. WHEAT— High. 1.1054 1.083% 1.083% 8434 Low. 08 1.08% 1.06% 94 S w3 2230 Chicaco ‘Cash M-rnt. No cash wheat Somm. No. 2m Case (J 1)Co pf(7)_ 5614 47Y% Caterpillar Trac(2) 351 26% Celanese Corp 60a. 119 107 Celanese pr pf (7) _. 1213 9% Celotex Corp 261 21% Cent Aguirre (1.50) 3% 2% Central Foundry 20s 114% 1141 114% Y 7 51% 51% bl% — % 68 351 33% 35 + % 70s 1181 118 118% + W 1 10% 10% 10% — % 8 25% 26% 25% 3 2% 2% 2% =y 111 West Penn E pf (7) s 13 W Pulp & P .15e. 33% W t'n Auto S (2).. 31 We: Maryland... % West'n Pacific pf__. 28% 21% West'n Union Tel 28% 22Y% Westh'se A B .50e les No. 1'sellow, §6%- . 963 No. 3, 66'4-6713; No. I 'hne 74 krade. 66." Oaf: 2. 43-43'2; No. g 41: sample grade white. fey: *matting, 6 nummn eed: 4B | nominal. Soy beans. No. 2 yellow, 1.09! 21% 14 Hercules Mot .25e__ 133% 131 Hercules P pf (6) 30% Holland Furn .50e_.. 12% Holly Sugar 52 Homestake (4.50) 11% Houd Her (B) .25 10s 11215 1121, 13 24% 234 5 38% 38% 4 4 program started with inspection of the plant of McCormick & Co. Late this afternoon an address was to be made at the Emerson Hotel by C. Milton Clark, treasurer of the Cen- % Phila& RC&1(r). 88% Philip Morris (3a).. 4% Phillips-Jones 36 Phillips Petrol ll). 3 Phoenix Hosiery __ tral Bank for Co-operatives of the Farm Credit Administration, on “Financial Budgets.” A. B. Gunnarson of Washington, hational director, will be master of ceremonies at the anrfual banquet. C. Howard Knapp, national presi- dent, and Stuart C. McLeod, na- tional secretary, will be the chief speakers. John L. Mitchell, presi- dent of Washington Chapter, will be an honored guest. D. C. Store Collections Lag. ‘Washingtonians did not pay their bills in department stores in March quite as fast gs shoppers did else- where in the fifth reserve district. The Richmond bank reported today that 27.5 per cent of receivables due March 1 were paid during the month in the Capital, 32 per cent in Richmond and Baltimore afid 29.8 per cent in the whole fifth dis- trict. Inventories were in good shape. Stocks of goods on hand in Wash- ington stores on March 31 were 4 per cent higher than on the same date a year ago and 4.8 per cent higher than at the end of February this year. The percentages were practically the same as averages for the whole fifth district. As already noted, department store sales in Washington in March were 36 per cent ahead of March, 1939, and up 7 per cent in the first quarter. It should be mentioned that all Easter buying this year was in March, Mergenthaler Sells at 17. Mergenthaler Linotype sold at 17 on the Washington Stock Exchange today on a turnover of 138 shares. This was the highest price in years. ‘Washington Gas common was in lvely demand at 26%. Capital Traction 55 were again strong, sell- ing at 101%, and several other is- sues appeared on the board. A 114% 11% 41% 8/ 36% 30% 29y 42% 3 % 3% 1% 143 357 5 % 111 16'% 6% 331 9% 14% 3% 113 “ 16% 33 115 T34 61 | 24% 13% 31 16 9% 327 110% 1 10% i 4% 18% 104 19% 16% 1114 Cent I11 L pf (4.50)_ 6% Central Vio Sugar . 863, Cerro de Pasco (26) 614 Certain-teed 27% Certain-teed of 21 ChampPap& F lBC 15 Checker Cab Co 38% Ches & Ohito (2.60)_ “ChiMStP&P (). % Chi M St P&P pf(r) % Chi & Northw'n (r). 5 Chi & Norwn pf (r). 10% Ch1 Pneu Tool 33% Chi Pn T ev pf (3) . % Chi RI&P 6% pf(r) 12 Ch1 RI&P 7% pf(r). 812 Chi Yellow Cab (1) 11% Chickasha Cot Ofl _ 4% Childs Co 30 Chile Copper (.50e). 79% Chrygier Corp 1 250 12% City lce & Fuel 30e 93 City L1&F pf (8.50) 2% City Stores S 4 28 Clark Equip (1a) 12 111 Clev EI (1lu pf 4.50. 3515 Clev Graphite(.40e) 35% Climax Molyb 1.20_. 35% Cluett Peab (.60e)_. 60% Coca-Cola (A) (3)_. 16% Colgate-Pal-P (.60) 17 Colo Fuel & Iron 23 Colum BC (A) 4bi 22% Colum B C (B) 4bi 5% Columb G & El 20 72 ColG&Enpf (5) __. 45 Comel Credit (4) _. 51% Comel Inv Tr 14) 110% Comel Inv T pf ¢.25 13 Comcl Solvents 30% Comwlth Ed (1.80) 1 Comwith & South'n 62% Comwith & S pt (3) 5 Conde Nast Pub 21% Congoleum « 2be. 8 Congress Cigar 25' Consol Ajreraft T3 Consol Clgar (.76e, 7% Consol Cop M 15 30% Consol Edison (2) . 107 Consol Edis pf (5) . 7 Consol Film _ 8l Consol Film pt 25k 7 Consol O1) (.80) 3% Consolidation Coal 1414 Consolidt'n Coal pf_. 100% Consum Pw pt ¢.50_ 14% Container Corp .35e. 12%’Contl Saking (A) .- loa ll2‘rz - & S & 33% 5 % 11 14% 6 14100 09 180 4 14 80 4 <16 N3 00 1 b - > & 32% 88% 1 13% 20s 96% 28 4 1 39 120s 112 2 41 @ 3 112 10% 37 67 32% 124 33% , % 11 !I"a 32% 87% 13% 39 112 41 1i2% +1 10% - % 6% — U 2% - % 124 = W 33% - W el % 11 14“; + % 82% -1% 8T + % 13% % % 112 41 381 — 41% - 61% + }';#S#S ER EEE FE 8 *S### & FFEE 1% = % 9! 109 3 Hudson & Man pf__. 5% Hudson Motor. Hupp Motor _ [llinots Central ... Ilinois Central pf._. Indian Refining % Indust Rayon .50 Inland Steel (le) __ Inspiration Copper- Interboro R T (r) Interchemical( 80e) Interchem pf 16) Interiake Iron Intl Bus Mach (6a) tnt] Harvesier 1 60 Intl Hvdro Kl (A) . Intl Mercantile Ma_ Intl Mining ( 10e) . intl Nickel Can «2). intl Paper & Power 50% Intl Pap&P pf 1.25e. 34% Int] Salt (1.50) 31% Intl Shoe (1.50) 34 Intl Tel & Teleg 3% Int1 T & T for'n cfs. 8% Interstate Dept Str. 13% Jarvis (WB)(.375e) 45% Jewel Tea (2.40) __ 67 Johns-Manville 56% Jones & Lau ptf (1k) 95 Keith-Al-O pf 3.50k 10% Kelsey-Hay : 35 Kimbfl'l!-Cllrk (1) 214 Kinney (G R) 25% Kinney (GR) $5 pf_ 24% Kresge (SS) 1.20 25 ' Kress (8 H)(160)_ 28Y Kroger Groc (2)_. 15% Lambert (.75e) 2% Leb Valley Coal pf_ 3 Leh Valley RR (1) 21 Lehman Corp (.40e) 1214 Lehn & Fink .25e 614 Libby McN & Lib_ _ 105% Ligg & Myers (4a)_ 109% 105 Ligg & Myers(B)4a 180 29% 24% Lima 41 18% 11% Liod ULl Ref (1)eoe. 171 Ligg & Myers pf(7) Locomotive... 86% Link-Belt (1) ... I - n's - B aahabivenwmoanawean - O34 60 1 N 4 69 1O 14 1O O 14 0 4 1O O % 8% 108 108 177% 26% 38y 1 Crresraess RS FEEFF FEEREE 108 108% 177% 177% =2% 264 26% + % 38% 38% + % 136 14 +% R ‘*iiii_ ES 44 Phoenix H pf 1.75k_ 8 Pierce Oil pt 26 Pillsbury FI (1. 50)- 4% Pitts Coal . 21 Pitts Coal pt._ 7 Pitts Coke & Iron _. 6% Pittsbgh Screw .15¢ 9 Pitts Steel 28 Pitts Steel pf (B).. 24 Pitts Steel prpf ... 16 - Pitts Steel 5% DL_ 8% Pittston Co 201 Plymouth Ol 1.40 . 10 Poor & Co (B) - % Port R Am To A(r) 11% Pressed Steel Car . 33Y% Pressed St C 2¢ pt 65% Proctor & Gam (2a) 1181 112% Proctor & G pf (5) 43% 39% PubSve (NJ) 608_. 115% 110% Pub Sve(NJ)pf(5)_ 12§ 124 Pub Sve(NJ)pt6). 24% Puliman 1.25e) 8 Pure Oil 773 Pure Ol pt (6) 5% Radio Corp (.20e. 60% Radio C cv pf(3.50) 1 Radio-Keith-Ur (r). 19% Raybest-Man .26e__ 15% Rayonter Inc - 27 Rayonier pt (.50k)_ 14% ReadingCo (1) - 9 Reming Rand ( con) 49% Rem R'd pfww 1% Reo Motor vtc CY-( 18% Republie Steel - St cv pf 7.50k_ Steel pf A (6 11% Revere Copper 22% Revere Copper (A) Dry Goods Market NEW_YORK. April 25 (.—The woolen goods market showed some improvement today, although machinery activity in most mills is far below normal. Operations in men's wear concentrated on suitings, With buyers placing substantial orders for fall. Dealings in the cotton goods market clung tothe routine pace. =Bag manu- facturers and indusirial accounts con- toode. empesialy eeunn. bt little ae- 7 y sl Business t00k i prumover in ul (-brus was guiet. were _mostly ominal, ~based anly raw silk fluctual 2 for fonal flurries of buy- ?l In:fi;:fr;.‘ :‘t;li::u was little concerted for “spun fiakes at 6 1 85% 2 5% 18 38! 124 14 48Y% 90 28% 17% % + oAt Eee £ ExErieey # +4++ S5 % % s % r + % Boston Wool Market BOSTON, April 25 m.—tvnma ma m)—an Department of All'fi 00l m'mw Sales of Fraded ‘Gombing, v.hm-e!jhnu "blood_terri- ing on_my tory wools were bei: juantities at 7 Some dmfl-ll_a': dit} .xl.a.'o m--uu 1l therwise not 86% + % mmg"m" 105% Westh se Elec $75e 3313 Westvaco (1.40)._. 25% Wheeling Steel 10% White Motor 4% White Rock _ 4l White Sewing Mch_ 19% White S M pr pf (2) 2% Wilcox Ol & G 10e. 1) Willys-Overland .. 3 Willys-Overl'd pt. 4% Wilson & Co 51% Wilson&Co pf (3k). 22% Woodward Iron 38% Woolworth (2.40) __ 17% Worthington Pump. 34 Worth Pump pr pt._. 43% Worth Pev pr pt 85 Wrigley (3a) Yale & Towne (.60). Yellow Truck X Yellow Tr'k pf (7). 10% Young Spg & Wire 37% Ygstwn Sh & T 250 86 Ygstn S&T pt 5.50. 214% Ygstwn 8tl D .25e. 14% Zenith Radio (1. 2 Zonite Products 21% 163 115% Approximate Sales ot Stocks on the 11:00 A.M. 1:00 P.M. - 190,000 » 510,000 Unit of trading. 10 enares In bankruptey receive Beskrusies” der o wourities. Sesmed o the onu:n. table are 8 oiast quarterly or or semi eciara- ‘"‘i’ -fl’m. are' ot 2% Satd” o the roads report! mn ‘Gomestic 12:00 Noon.._____ 2:00P.M_____, 620,000 Frelgllt Carloadings ! NEW YORK, April 25 (®— Revenue freight loadings on rail- ing today for the week ended April 20° includeq; . & Wll'. - 23% Myflog Ror inst year miniriy in i s gas suspended, © Ditumin- *| London has spent over $56,000 hmttflflwmflym 2 FEEFFE S EFF 40% 51 92 23% 17% 122 12% 43% 18 122 2 12% 44 + % 90% + 15 22% - % 16 3% + % N. Y. Stock Exchange. 370,000 R FEE F FRr FEE -m ais- or extras L o1 vear ‘"-‘5“‘.‘;."& nrcoum‘ Mfll 5.97 were was at 8 traded at BALTNOE! red winter, 1.15% mnre‘onailfllnl P).—Wheat. NN garlicky, spot, domest New York Cotton By the Associated Press. NEW YORK, April 25.—Cotton tures followed an irregular con today. The May position was as spot interests stopped 109 delive notices. under Bombay selling and comn sion house liquidation which only limited local support. New crop months decling Around midafternoon -the M: Lower prices in bleachable 58 oll futures accompanied 'easier lard, and grain markets tod: Pr from locals and comm! buying was by trade interests. to 9 0 Prices. NEW mus Anr S ping of May notices supported that mon in cotton position was up 4 points at 10 Others ruled 1 to 6 lower; July (old 10.46; December, 10.00. Cottonseed Oil. ‘ot chiefly scal Brices around m lower. December. at new low for the season. 7.83. (P —Std futures here today. Dist: positions Ieu long liquidation and at no gmu Were 4 points net lower to 1 pof 10. 10. 10. 10. Railroad Earnings YORK. April 25 (#.—Railro NEW reporting tod: ing inconte showed March net oper: as follows: 53::\“1- nul- x’gl. 3 ‘charges,