Evening Star Newspaper, April 25, 1940, Page 23

FINANCIAL Bank Clearings Show | 9.1 Per Cent Gain Over Year Ago Big Increase Recorded Despite Drop From Preceding Week By the Associated Press. NEW YORK, April 25.—Although .down 6 per cent for the week, bank | ‘clearings throughout the country ! ‘during the week just ended regis- tered a gain over the figure for the comparative 1939 period for the ‘fourth successive time. In the week ended April 24 total clearings for 22 leading cities, as re- ported to Dun & Bradstreet, amounted to $5267,419,000, com: pared with $4,826239,000 last year, | or a rise of 9.1 per cent. Clearings for the latest period were $383,267,000 less than the week preceding. A drop of $564,964,000 occurred between the two similar SOURCE OF DATA: U. S. DEPARTMENT OF AGRICULTURE THE EVENING . STAR, Figures in Bars Represent Winter Wheat Production in the U. S. in Millions of Bushels Figures in Circles Represent Closing Price of July Wheat at Chicago on April I5 of Each Year *Estimate as of April | {rnaen 1340 B e Oan oma ) WHEAT PRODUCTION—Chart shows winter wheat production and prices of wheat in the United States from 1925 through 1940 estimates. weeks of last year. New York clearings totaled $3,- 094,041,000, against $2,902,640,000 for the same 1939 week, an increase of 6.6 per cent. For the 21 outside | cities the aggregate was $2,173,378,- 000, or 13 per cent greater than $1,- 923599,000 recorded a year ago. Boston displayed the only year-to- vear decrease, 3.2 per cent. The more important advances at other centers were: Atlanta, 39.4 pgr cent; Minneapolis, 29.7 per cent; Balti- | more, 248 per cent; New Orlealwl 242 per cent; Cleveland, 235 per cent; Dallas, 20.2 per cent; Chicago, North American Co. Infends to Comply 'In Infegration Shea Declares Rights Of Security Holders To Be Protected Dividend Voted By American Locomotive By the Associated Press.. NEW YORK, April 25.—Directors of the American Locomotive Co. de- clared today a dividend of $1 a share on the preferred stock, the first payment on the issue since December, 1937. Freeport Sulphur Co. Reveals $861,233 'Net in Quarter Result Contrasts With $316,464 Recorded 17.6 per cent, and Detroit, 16.9 per cent. Bank clearings at leading cities, together with percentage changes from a year ago, follow; also, the daily average bank clearings for the months ef February, March and April to date: Per cent % | paring integration plans, but did not | ortland. Oreg 1 eattle X Total __ 337 +13 y New York Total all T 85 ] Newspaper Advertising eld Vital to Trade | B; the Associated Press. SAN FRANCISCO, April 25— ing is “the back- Arthur L. Scaife f Bridgeport, Conn., General Elec- ric sales- and advertising chief, aid yesterday on his return from h survey of Hawaiian sales and pros- pect. “We are expanding our advertising his year by nearly 15 per cent,” he aid. “Last year we stepped it up 15 per cent and gained 22 per cent in! siness. Newspaper advertising is the back- | pone of our whole sales program. t exceeds pined and is the only growing me- flium. In our effort to edueate re- ailers to be better businessmen we | re seeking to help them to advertise ore intelligently and more con- istent]; Paris Bank Chonges PARIS, April k of France ed (in m! 84414 o LONDON. April 25 (P.—Bank of Ene- nd_statement as of April 2 ousands of pounds): _ Circula! i se. Bullion, Reserves, 44.070; increase ublic deposits. 40503 increase. 19.049 vate deposits. 144 008; decrease, 10,65 overnment securities, increase, | Other securities, creae! atio of reserve to lia "Bank rate. > per cent V| " The Securities and Exchange Com- | all other media com- | showed (in | tures M dividends on the senior S | amounted to $40.75 a share. NEW YORK, April 25,-Edward‘ L. Shea, president of the North American Co., told stockholders to- day the company intended to “com- ply fairly and in good spirit” with|and Latrobe Pa. the integration provisions of the| | Federal Utility Holding Company | | Act. | “At the same time,” he said in| the annual meeting of shareholders, we are going to reserve all rights to protect the interests of our se- curity holders under that same law | of the land.” | He indicated directors were pre- 15 to holders of record May 7. The company has plants Washington Exchange SALES. Capital Traction 1st 1011z, $1,000 at 10115, 262, 10 at 2613 2615, | Wash. Rwy. , 5 at 261, & Elec. pfd—1 at | 8o into details. | 575, 100 at 57. Capital Transit Co—9 at 1412, Mergenthaler Linotype—100 at | mission recently began proceedings | | for simplication of utility holding \S\stems in accordance with the in- | tegration clause of the act. | Shea reported North American | Co. in the first three months of this year earned net income of more than $5,500,000, a gain of 7 per cent ] over profit for the like 1939 period. First quarter profit, he said, was equal to about 54 cents a share on | the common stock, compared with 51 cents in first 1939 quarter. Operating properties of the system are grouped chiefly in the St. Louis, Cleveland, Milwaukee and Wash- ington, D. C,, areas. BONDS PUBLIC UTILITY. Bid Anacostia & Pot 55 1949 10214 | Ana & Pot Guar 5s 1948 113 | Capital Traction 1st 5.91@47 10kv 961 Bot Eice Pow 31es 1088 - Washington Gas 55 1960 Wash Rwy & Elec 45 1951 MISCELLANEOUS Chevy Chase Club 1st 4Ys 57 104 Col Country Club 1st 4Ys 57 103 Ter Rf & W Cp Ist 4%2s 48 103 STOCKS PUBLIC UTILITY. | Amer Tel & Tel (9) Capitai Transit (t.50) | N'& W Steamboat (4) | Eot Eiec Power, - pid (1 | Bot B Chicugo Produce (CHICAGO. April 25_1b.—Poultry. live, Jrmi, hens, 5 pounds and tind Qas unds and_down. coi- | 5 b Eak S Neel WAtk Brah e 30 S Rocks, "26: under 4 pounds_ Polymouth | Wash Ry & El pfd (5) L Rock, "} bareback chickens. 18-20.” Other | Prices unehangr | Amer Sec & Tr Co (e8) Butter, 11081 un- | Bank of Bethesda (75)- a. ! Capital (v4) steady: prices frsts, . 1734:" firsts, local, | 6% cars current receipts. 16: stor- ase packed ‘exires L ans T asi ”fi;"fi%fiv‘imrr .00 h rijes checks, 14} ] Boitges 11 ok irhek” 470: toral U_ s, | ETince G0 Bk e G nged. \ ER TS, 4 : fresh graded extra shipments. 6 1d stock supplies rather | for Idaho russets demand market sl | demand heayy. Wash Loan & Trust (e8) other varieties market dull. FIRE INSURANCE bundredweight, Tdaho Russet Burbanks. | American (i6) 116 sales. 05: Colorado | Firemen's (1.40) 27 ‘Sccording to color. M'."nfifilfil Rand | FeteEaliURIEHIGTS) - % o col sota Dakota Red River Valley TITLE INSURANCE. CoEbers, o shlen epooiess Bt Columibia (k 30) RReal Estate imt) R0-90 per cent U. 8 No. | a ey onl 03 MISCELLANEOUS. it L Corp (2.00) e (2.00) 1 MeGiurés, 0 e 3 ior Californi 1ot Carlot track sales and track sa: S per 50-pound sacks, few sales U S. No vashed. 1 steady weake: ie: Ter Ref & Wh Corp (3) Wdwd & Loth com (s2.00) Wdwd ‘& Loth pfd (7) *Ex-dividena Plus extras. d 35¢ paid in 1939, extra g $14.00 extra paid December 1939 K 20c extra paid sememner 20), 1939 " t50c paid December 20. v$1.00 exira paid January, 1940. extra. e-r EX-rights aiso. 30 118 Californias, long under ‘initial _ice, many cars spotied sacks, 50-round sacks size A and U No. 1 106-pound sacks. les good condition, decay, spotted sacks, 2.0 ¥ 8§ New York Sugar NEW YORK. April 25 (P JSuRar fu- No. 3 opened unchanged 10 | gher. Foreign Exchange b; Sel member NEW YORK. April 09. b Bid, in terms of the American dollar today. The ““free"” sterling rate st one time up about a cent. and French franc also were up a (). —Ti) % Trading was small because much of steady; 10s “asked: ed. future, the war-time exchange controls of allies. Offerings of the Swedish kroner, w broke widely yes| | yasion of Sweden. diminished and | were, described by dealers as largely - as weden | $150.000000 kold- here ~auting the support, serves her freedom. Noon | _Canada—o: Canadian | Board, rates for U 8. dollars: per cent premium: selling. premium: equi dian dollars_in per_cent: selling, Canadian doiiar Buying. per Kk of buying, 0 per cent in New 3.5 60-day. Belgtum, | 358 Plnlu|nd 200 1765: Tt Kenner’s Drug Store— 1 Tth and Q Sts. bW, Is An Authorized Star Branch Office HEN the question of Classified Advertis- ing comes up you can turn with confi- Norway. fa, .55n: Swec Argentina. ofcial 1, 6.0 a ates in spot cahies uniess others indicated. n Nominal. Chicago Livestock CHICAGO. April 25 (P (United St 000: total acking sows ‘unevenly lo At the end of last year, unpaid stock The disbursement is payable May | | Schenectady, Dunkirk and Auburn, N. Y.; Richmond, Chicago Heights | 55—$1,000 at $382.941, or 9 cents a share, com- | Real Est. Mtge. & Guar. pfd.—200 &t | 8 at 7, 10 at 17, 10 at 17, 10 at 17. Asked. | 104 BANK AND TRUST COMPANY. (#).—Open-market rates for the British pound and currencies which usually move with it rose somewhat The Canadian dollar business is done through official rates terday on fears of an ime | ‘nomi- hipped more t | period and apparently was in position to the currency as long as she pre- rates follow (Great Britain in dollars others in cents): fhici Control ent to discounts on Cana- York open per cent discount, or 84.43% unguoted: Yugoslavia, Department of A'rmuluur\ —Salable hogs, 17.000: ceneral merket 10- | Wednesday's averaze: mostly In 1939 Period | By the Associated Press. NEW YORK, April 25.—Freeport Sulphur Co. reported today for the! March quarter net income of $861,- 233, equal to $1.08 a share on the common stock, compared with $316,464, or 40 cents a share in the| | comparable period a year ago. Nash-Kelvinator. 1 Nash-Kelvinator Corp. reporled‘ net profit for the March quarter of at pared with $140,505, or 3 cents a Washington Gas Light com.—10 at' share, in the like 1939 period. | , 20 at | Houston 0il Co. | Houston Oil Co. of Texas and sub- sidiary reported net profit for the | March quarter of $478,503, or 31| | cents a common share, compared | with $403,442. or 24 cents a share, in the 1939 first quarter. Loose-Wiles Biscuit. Loose-Wiles Biscuit Co. and sub- | sidiaries reported net profit for the | March quarter of $285482, or 45| cents a common share, compared | with $220,114, or 32 cents a share, in the 1939 period. General Steel Castings. General Steel Castings Corp. re- ported net profit for the March quarter of $76.990, or 77 cents a share on the $6 cumulative pre- | ferred stock, on which there is an accumulation of unpaid dividends, compared With net loss of $414,685 in the like 1939 period. Pittsburgh Coal. The Pittsburgh Coal Co. reported consolidated net profit of $292.091.56 for the quarter ended March 31, after all charges, compared with a | net loss of $369,914.50 for the same | voriod in 1939. Losses of the com- pany’s Canadian subsidiary were in- cluded in the report for both periods. Yale & Towne Manufacturing Co., lock makers, reported net profit Ior‘ the March quarter of $214,022, or 44 | cents a share, compared with $6.605, | ‘ or 1 cent a share, in the like 1939 period. | 117, 117, |Niagara Share C;p. Reports Asset Gain Special Dispatch to The Star. NEW YORK, April 25.—Niagara | g, | Share Corp. of Maryland and sub- sidiaries report net assets as ot | March 31, 1940 equivalent to $3,171 | for each $1,000 debenture, $703 for each share of class “A” preferred stock and $11.68 for each share of class “B” common stock. This compares with net asset val- | ues as of December 31, 1939 of $3,121 | | for each $1,000 debenture, $687 for | * each share of class “A” prererred‘ stock and $11.74 for each class “B” common share. Net assets on March 31, 1939, were | | equal to $2,618 for each $1,000 de- benture, $605 for each class “A” preferred share and $10.32 for each class “B” common share. 2% 23, Y 5.00 was bit. ll\e{ s ot | P e | Short-Term Securities hich | (Reported by Smith, Barney & Co.) i ales | Ala Gt South “A" Alleghany Corp Cv n | Amer Tel & Tel Austin & Northwi Central Foundry ts ,\I Cent R R of Georgia 5s 422 Chicago Union Sta 4s 44 Childs Co_5s 43 Colorado Fuel & Iron 5s 43 Conn & Passumpsic 4s 43 Container Corp 5s 43 Cuba North Rys 5'as 4 Delaware & Hudson 4s Fed Lt & Traction 1\ Grand Rap & Ind 4} Intl Hydro-Elec 6s 44 10 cent 9.91 a1z N Y & Long Branch 45 41 _ Norfolk & Southern 5s 41- Pennsylvania Co 3%s 41 Penn-Dixie Cemont s 41. Penna R R Co 4s 43 den, Orleans 3s 43 Union Oll of Calif 65 42 Utah Power & Light 55 44 Warren Bros 6s Western W% & Fn a5 43 wise 30%2 108% U. S. Treasury Notes NEW YORK. April 25 (#).—Prices quoted in dollars and thirty-seconds ates | Di | Group Sec Chemical | seystone | Keystone | N Y Stocks R R E | Plvmotith Pund Inc - - Gulf Oil Reports $15,315,783 Profit For Year's Operation Hecker Products Corp. Earnings for Quarter Are $243,025 B3 the Associated Press. \ NEW YORK, April 25—Gulf Oil Corp. and wholly-owned sub- sidiaries reported today 1939 net profits of $15,315,783, equal to $1.69 a share, compared with $13,017,076, or $1.43 a share, in 1938. During the year the company ex- pended $45,598,367 for capital pur- poses, the report added, which was financed in large measure out of current funds. Hecker Products Corp. Hecker Products Corp. reported net profit for March quarter of $243,025, equal to 15 cents a share, compared with $415,375, or 26 cents, in the preceding quarter and $407,- 472, or 24 cents, in the March quarter of 1939. Company makes food and household products. Wheeling Steel Corp. March quarter net profit of Wheeling Steel Corp. totaled $644,- 652, equal after $5 prior preferred and 6 per cent preferred dividends to 29 cents a common share. This compared with adjusted profit of $728.681, or 44 cents on common, in the March, 1939, quarter. Conde Nast, Inc. Conde Nast Publications, Inc., and domestic and foreign subsidiaries showed net profit of $199,837 in the March quarter, equal to 59 cents on common, against $221,044, or 65 cents, & year ago. United Aircraft. United Aircraft Corp. and sub- sidiaries for the quarter ended March 31, reported net profit of $2,380,029 after charges, equal to 89 cents a common share, compared with $1,490,780 or 56 cents a share in the like 1939 quarter. Unfilled orders as of March 31 totaled $136,337,809, contrasted with | $127,004,032 at the beginning of 1940. | New business booked during the quarter totaled $25,884,498, and ship- | mem.s $16.,550,721, Standard Brands. Standard Brands, Inc., food proc- essors and distributors, for the | yMarch quarter reported consolidated | net - income of $2341.998 after | charges, equal to around 17 cents | a common share, $1767,110 or about 12 cents a share in the like 1940 period. Air Reduction. Air Reduction Co.. Inc., for the | March quarter, reported net income | of $1,442900 after charges, equal to | 53 centsa common share, compared with $1,027.255, or 40 cents a share in the similar 1939 quarter. Link-Belt Co. CHICAGO, April 25 () —Link- Belt Co. and subsidiaries reported for the three months ended March | 31, 1940, net profit of $423.956, equal after preferred dividend require- ments to 54 cents a share on the common stock. This compared with net of $199.161, or 22 cents a common. share, in the correspondmg period | last year. Investing Companies NEW YORK_April 75 (#.—National ‘As- | sociation Becurities Dealers, Inc.: (Noon aquotations.) Admin 2nd Ine AtTomnur see Afiiated ¥ Amerex Am Bus Am For Inv Am Gen Ea Inc Am In | & Co Boston Fund Inc Broad S: Ii : st ro Tr Accum | Corp Tr AA Mod Corp 1Ir Acc Mod Cumulative Tr_8h idend Shrs Eaton & How Pund “A-1" Eauity Corp $3 pf P.demy Fund Inc t Boston Corp _ Firet Motuo 5 Ed- Fiscal Fund Bk Si Fiscal Fund Ins Fixed Trust Sh A_ Found Tr Sh A Fund Investors Inc Tr Shrs Fund 15 Shis B Gen Capital Corp Gen Investors Tr Group Sec Agricultural _ Group Sec Automobile oup Sec Aviation Group Sec Building Group Sec Foods Group Sec Invest Shrs Group Sec Merchandising Group Sec Mining Sec Petroleum Toun 8> R R Equip Group Sec Steel Group Sec Tobacco In Custodn Custodn Custodn Custodn Keystona Keystone Kevystone Keystone Keystone Keystone Custodn Custodn § 4 Manhat Bond Fund _ Maryland Fund Mass Invest Tr _ Mutual Invest CLLE T T S350 Natl Investors. New England Fund ¥ B Automobile - Y, Stocks Eiec Equip ___ ¥ Stocks Insurance Y Stocks Machinery Y Stocks Oils Y Stocks Railroad __ auin 2224 22 2R A, SIAIZBASBAGILGY ZS POADODDADA= DRI T N Y Stocks Steel compared with | WASHINGTON, D. C, THURSDAY, APRIL 25 1940. Carnegie-lllinois Cancels Reduction On Rolled Products All Prices to Hold Unchanged Through Third Quarter By the Associated Press. PITTSBURGH, April 25—The Carnegie-Illinois Steel Corp. today | notified customers it is canceling on "'May 1 a recent $4 a ton reduction on rolled products—used principally by the automotives—and that all other prices will continue through the sec- ond and third quarters of 1940. This unexpected move by the in- dustry’s traditionally price-quoting pacemaker was interpreted as de- signed to drum up new business dur- ing the summer to halt a gradual slackening off of orders and opera- tions. Last May, it was recalled, there was a big rush of orders when sheet and strip prices were cut sharply because of “competitive conditions” which were blamed for the recent $4 trim. Some sources believed that offer- ing of “bargain prices” for the next six days indicated stability had been established in prices and also that | the steelmakers were expecting both | increased business activity and en- larged foreign purchases in the near future. Carnegie-Illinois, largest subsid- iary of the United States Steel Corp., made no comment. Other steel- makers are expected to follow its price announcément, as they did re- cently in the reduction. Since the Christmas holidays steel operations and orders have been slackening perceptibly. After resch- ing a 10-year high of 94.4 per cent of capacity, the rate of output for the Nation has dipped to around 60 per cent, of which more than 15 per cent is believed to be for foreign | { consumption. | Fogler Resigns as Head 0f Montgomery Ward | By the Associated Press CHICAGO, April 25.—Resignation | of Raymond H. Fogler, president and | was announced today by Chairman Sewell Avery. reason for Folger's withdrawal or director of Montgomery Ward & Co.. | The brief announcement gave no | FINANCIAL Colgate-Palmolive-Peet Sales Hold Level By the Associated Press. JERSEY CITY, N. J., April 25— Domestic sales of Colgate-Palm- olive-Peet Co. in the first quarter were about the same as a year ago, E. H. Little, president, told stock- holders at the annual meeting yes- terday. Money. for Construction Loans and Loans on Completed Propertier (Owner occupied oz rental) Favorable Rate * FIRS1 OEED O) TRUSI ONLY 643 tndiana Ave N.W Nat’} 0350 Domestic net earmngs, however, were a little under last year, due largely to increased expenditures for advertising, The same pattern continues in the present quarter, he added, sales about equaling a year ago with earnings down slightly. Earnings from foreign subsidi- aries in the first quarter were about $150,000 under the opening 1939 period. Of total 1939 earnings, Colgate derived only about $200,000 from Scandinavian sales, of which around $40,000 came from Norway. FIRST MORTGAGE MONEY available in large amounts at low fates of interest on business and investment properties. in D. C vielnity 'Frompt consideration wiven to all applications. H. CLIFFORD BANGS 200 Investment Bldg. Met. 0240 Mortgaoe Correspondent Home Life Insurance Co. New York Commenting on the foreign situa- tion, Mr. Little said the company has so far had no difficulty in ob- taining shipments of raw materials, both for foreign and domestic plants, All important foreign plants, he added are operating at close to capacity. Northern Pacific Gains In Operating Revenue ST. PAUL, April 25 () .—The Northern Pacific Railway today re- | ported net railway operating 1n-‘ come for March was $804981, an | increase of $696573 over March, | 1939. For the first 1940, quarter, | net railway operating income to- taled $1496247, an increase of $1,- :lsgggssl over the first quarter of GROWING Since 1 with Washington REAL ESTATE ZE~ WEAVER BROS in¢ L WASHINGTON BUILDING DISTRICT 8300 REAL ESTATE LOANS NORMAN H. BARTOW 1331 G 5. N.W, ME?. 2495-6 15t & 2nd Trust Loans Made WE TRADE YOUR WAY / /) indication of who might succeed him. Stockholders and directors of | the mail order house are scheduled | to_meet tomorrow. Fogler joined Montgomery Ward | | in 1932 as vice president in charge | of operations. He was elected to president in 1938. He .formerly had been with the W. T. Grant Co., a chain of retail stores. During his term as president of | Montgomery Ward, Fogler was espe- | cially active in developing the retail | store business, the number of such | 1 outlets increasing from about 450 to 645 during the period. Dividend Is Resumed By Kansas Standard By the Associated Press. ard Oil Co. of Kansas announced today a dividend of 60 cents a share, \payahle May 4 to stockholders of | record April 29. The previous pay- | ment was $2 in December, 1938, the | | | only distribution for that year. STOCKETT- FISKE CO. 919 E St. N.W. Retail Statione Made at lowest avauable interes. rates, commensu- rate with type of security a directorship in 1934 and became | HOUSTON, April 25—The Stand- | E "Common Stock 'l TRUST MONEY |l ® Low Rates | ® Prompt Service Monthly Payment Loans as low as $6.33 per $1,000, per slons month. ® Friendly | Servics | con UCTI ! ONSL%RAN%T o Established 1861 e S ORIENTAL BOSS & PHELPS & st MORTGAGE CO. Building Association No. 6 §00 F St. N.W. NA. 7300 Loan Correspondent Hancock Mutual Life Ins Cc KSR w e vrgdns, G || Washington's Oldest Building Ass Under U. 5. Supervision Rep Rock BorrtLers, INc. $1 Par Value Price $4. per share A copy of the prospectus may be obtained from the undersigned. WAGoaMAaN, BrRaAwWNER & Co. INCORPOFATED 1700 Eye St. N.W. ME. 3860 NO COMMISSION ... REFINANCING cffered—r'* US the follow- ing feature: @ Direct Reduction of principal each month. No subscription to loan shares required. All initial definite, and ther. are no renewal charges at any time. costs are Special supervision given to all Construc- tion Loans. These combined features and CONSTRUCTION LOANS Pro-rated’ Month, ly 0 - FREDERICK W. BERENS, INC. 1627 K ST. N.W. Phone NAtional 8279 w dence to The Star, Evening and Sunday, because The Star carries more Classified Ad- vertising every day than any other Washington newspaper—and for the best reasons. Not by chance, but because people in Washington and vicinity know that when a “want’’ arises ower. ox. down. top. .40 to Bid. Asked Fisa. 70 _pounds, 6.15 g00d; 400-500" ‘pound Eutnam (O) Fund Quarterly Income z achoellkopt-Hut, P make thé simplest, most e.-onomical home-loan on the market. e Steere, o lmn Sovereign Invest sunDlY Snencer Trask Fund Consult our Loan Department Stand Uil Inc for Further Information WE HANDLE ALL DETAILS OF WE finance construction loans and loans on completed properties to be insured by F. H. A. We at- tend to all the details of securing F. H. A. approval. H. L. RUST COMPANY 1001 FIFTEENTH ST. NATIONAL 8100 B o135 1o 2555 ehoice, 10 others ...»,_...__....‘_.__.‘__ Bessnan s SB223RRRIR2223 RIS e OIS W DY e i3 ik B i poiee ) <) 0.00: - best weighty sausage chioice weighty vealers. 11.5 stocker and fecder trade slow. Salable sheep. 9.000: m Tricteed Thdustry Shrs™ ‘Wellington Fund Quotations furnished cindlon "o Becurities ‘Deaters. Ine. which states they do not necessarily reflect actual transactions or firm bids or offers, but should ' indicate approximate prices, and anlees otherwise indicated are as quoted by the sponsors or issuers. 'lmflcnte! “Not quoted by sponsors or 1ssuers, London Bar Silver 0: plainer kinds around 10.00: R LONDON, Afll’“ 25 s taf Packe 20 d“’" pas, Based on Hollsr at Sh-0m) "B u%a it noTed" Fiine so1d: Shes unchanged. (Equivalent, $33.88. Just leave copy for Classified Advertisements at any authorized Star Branch Office. There is one in your neighborhood. No fee for au- thorized Star Branch Office service; only reg- ular rates are charged. 5. K30 d 85 mnlr Sweek shagg. e il e : ts native pri nl'fl 2.50- T;f sheen scarce. stea ead | All iron and steel miils of France Gdd. Jooled “ewes, 5.00-50. with “cuppers ¢ are operating at capacity. DIstrict 2340 FIRST FEDERAL $aAvVINGS anD LOA4N 4 4ssociation Conveniently Located: 610 13th St. NW. (Bet. F & G) (No Branch Offices) Panama Canal Tolls Lag Behind Year Ago By the Associated Press. Panama Canal tolls in the first three weeks of April totaled $1,321,- 576, compared with $1,629,952 in the similar period last year. United States Treasury Position By the Associated Press. The position of the Treasury April 23, compared with comparable date a year ago: Receipis et balance _. Working blllnu included. Customs receipts for month__ Receipts tor nuc- year (July Expenditure Excens of emndnum Aden was the first addition to the British Empire in the reign of Queen Victoria. g A 6.19 042, 882,908 02 15.700,097,030.14 A )