Evening Star Newspaper, April 26, 1940, Page 20

i FINANCIAL. FINANCIAL. Capital Transit Net For March Shows Large Increase $79,335 Represents 55.2 Per Cent Rise From Year Ago By EDWARD C. STONE. Net income of the Capital Transit Co. in March scored a sharp gain over last year, $79,335.09, compar- ing with $51,126.81 in March, 1939, a jump of $2820828, or 552 per cent, according to the monthly statement filed today with the Pub- lic Utilities Commission, Operating revenues totaled $1,075,~ 893.55, a gain of $48,911.34 over last year. At the same time operating expenses called for $730,785.52, an increase of $35,322.18; taxes required $93,054.57, which was $4,488.70 more than in March, 1939, and depreci- ation totaled $113,055.27, a decrease of $20,000, leaving an operating in- come of $138,998.19, more than $29,- 000 ahead of last year, or 27 per cent. Gross, after deduction of oper- ating expenses, amounted to $138,- 809.78, from which $59.474.69 was deducted for bond interest, leaving the substantial net gain of more than $79,000. Revenue passengers numbered 15,442,342, an increase of 566,654 over March, 1939, or 3.8 per cent. Capital Transit’s net income in the first fhree months of this year totaled $107,531.86, against $80,972.10 in the first quarter of 1939, an in- crease of $26,559.76,7or 32.8 per cent. Revenue passengers totaled 44,552,- 115, a substantial rise of 3,314,423 or 8 per cent, today’s report said. Pennsylvania R. R. Net Higher. Net railway operating income of the Pennsylvania Railroad in March totaled $5459,458, an increase of $420,398 over March, 1939, it was announced today. The report showed freight reve- hues amounting to $26,629,386, a gain of $1,605,954 over last year, and passenger revenues of $5,855,007, an upturn of $650,166. Express reve- nues were off slightly. Total rail- way operating revenues amounted to $35,722,506, an improvement of $2,401.556 over March, 1939. An increase in operating expenses was held below the gain in operat- ing revenues. Operating expenses totaled $25.895,422, an increase of $1.315,544 over last year, leaving net revenues from operations totaling $9.827,084, a rise of $1,086,012. Net operating income on the first quarter amounted to $15,627,941, a| gain of $1,784,119 over the first| three months of 1939, the report | said. B. & O. Operating Net Off. The Baltimore & Ohio R. R. reg- {stered a slight drop in March oper- ating net income, $1,749,392, com- paring with $2,025490 last year, a decrease of $276,098, it was re- ported today. Freight revenues of $11,675331 were up $623,535, passenger reve- nues of $716,806 were $35,814 ahead of last year, and all other operating revenues, except express returns, ‘were better than a year ago. Operating expenses revealed a | moderate gain, totaling $10,182,157, | against $9,324,217 last year, up $857,- 940. Deduction of operating ex- penses left net revenues from oper- ations of $3,025,475, which was $173,- 792 lower than last year. The B. & O. reported net rail- way operating income of $4.863,726| in the first three months of 1940, compared with $4,956,668 in the like | 1939 period, a decrease of $92,942. ‘While operating revenues showed a gain of more than $5,000,000 in lhe‘ three months, operating e‘(penses: were $4,799,631 more than last year. ‘ A. 1. B. Nominations Made. Edward M. Blaiklock, Washington Loan & Trust Co. was nominated for the presidency of Washington Chapter, American Institute of Banking, to succeed Francis K. Robey, Bank of Commerce & Sav- ings, at a meeting last night. The nomination means his election on May 9. John M. Christie, Riggs National, was nominated for first vice presi- dent; Kenneth Birgfeld, American Security & Trust Co. second vice president; Frances E. Werner, Ham- ilton National, secretary, and Sophia Karadakis, Second National, assist- &nt secretary. Two candidates were nominated for treasurer, James B. Ahalt, City Bank, and Frederick A. Daum, Bank of Commerce & Savings. For chief consul, two were named, George A. Gallaher, Lincoln National, and Neal ‘W. Wells, National Savings & Trust Co. The following seven members were nominated for the Board of Gov- ernors, four to be elected: Herbert D. Lawson, Washington Loan & Trust Co.; Myrtle P. Lewis, Liberty Nation; Willlam M. McClure, Mc- Lachlen Banking Corp.; Stephen O. Porter, Riggs National; Walton i. Sanderson, Hamilton National; Pau} dJ. Seltzer, American Security & Trust Co., and John E. Willson, Mor- ris Plan Bank. 0 C. & P. to Spend $216,000. Expenditures amounting to $216,- 000 for the construction of telephone plant and installation of equipment in the District of Columbia were au- thorized by the directors of the Chesapeake & Potomac Telephone Co. at their meeting yesterday, ac- cording to C. R. Robinson, vice presi- dent and general manager. Of the amount appropriated over $200,000 will be spent for additional equip- ment in the Woodley Central Office To date a little over $4,900,000 has been authorized for expenditure this year. . Traction Bonds Extra Active. Seven $1,000 transactions in Capi- tal Traction 5s were registered on the Washington Stock Exchange to- day, all at 101!, unchanged. The bonds closed with 101% bid and 102 asked. The bid for Bank of Commerce & Savings stock was advanced to- day from 275 to 300, with none of- fered at any price. Mergenthaler Linotype was quiet, final bid 16%, offered at 171%. Virginia Home Loans Up. A total of 861 loans on homes amounting to $1,825946 were made by the 23 insured savings and loan associations in Virginia during the first quarter of 1940, Nugent Fallon, general manager of the Federal Sav- ings and Loan Insurance Corp., an=- nounced today. These figures com= pare with 619 loans totaling $1,406,- 100 in the opening three months of 1939, he said. As of March 31, total loans on the bocks of these associations amounted to $25,955,000. TRANSACTIONS ON THE NEW YORK By Private Wire Direet to The Btar. %:30 p.m. Prev. 1940 Stock and Sales—- Hizh Low Dividend Rate 4Add 00. Hirh Low 70%" 67 Abbott Lab (LC”) 2 68% 68% 62% 45 Acme Steel (3 4 49 49 % % 19‘4; 1% 48 Air Reduction (1a). 484 6 Alaska Juneau .60. 6% % Alleghany Corp. ... % 10% Allegh’y $30 pf ww. 12 9% Alleghany pf xw.... 1 13% Allegh'y prior pf-.. 15% 18% Alleg-Ludium .25e... 23% 9% Allen Indust (.25e). 11% 13% Allied Mills _ Th - 12 1 Seruoaness conbnalal 8 3 - 13% Alpha Port Cmt.50e. 41% Am Afrlines 9% Am Bank Note. 5% Am Bosch . 45% 38% Am Brake Shoe .30e 2 Y% 133 130% Am Br Shoe pf 5.25. 10s 132 132 116% 112 Am Can «4) 3 llSK 114‘4 116% 32!3 231 Am Car & Foundry. 101 513 38}, AmCar & Fdrypf.. 13 23% 19% Am Chain & C .80e_. 8% 6% Am Comc'l Aleohol.. 15% 10% Am Crystal Sugar.. 3% 23 Am Encaustie Til . 2% 1% Am & Foreign Pwr_ 24% 18 Am&F P 6% pf.60k 21% Am & F P 7% pf.70k 4% Amé& For'n P 2d pf_ 28" Am-Hawia'n SS (1) 4'% Am Hide & Leather. 561 Am Home Pr (2.40). 2% Am lce 24% Am Ice pt (.60e) 5 Am International._. 40'2 Am Inv of [11 2.40 18}x Am Locomotive _. 51% Am Loco pf (1k) ___ 13 Am Mach & Fy:« 80) 21% Am Metals (.75e) 3 Am Power & Light. 43 Am P&LS$5pf 1876k 51% Am P&L $6 pf 2.25k 8% Am Radiator 13% Am Rolling Mills 641 Am Roll M pt (3k)_ 29% Am Ship Building - 40: 46 Am Sm & Ref (le)_ 25% Am Steel Fdry .50e. 2! 12 Am Stores « Zbe) _ 18% Am Sugar Refining.. 81 Am Sugar Rpt (7)_ 167% Am Tel & Tel (9) . 85 Am Tobacco (5) 86% Am Tobacco(B)(5). 4% Am Type Founders. 8% Am Water Works._ 7 Am Woolen 39 Am Woolen pf (3K). 5% Am Zine 261a Anaconda (.25e) 30% 414 35 Anaconda Wire & C. 36% 22% 19 Anchor Hoc Gl.15e. 19% 19% 114 110 Anchor H G pf 6.50 120s 111% 111 353 31! Arch-Dan-Mid 35e_ 1 341 110 106': Armour(Del)pf(7)_ 1 109% l09‘| 109% T 5lx Armour (li1) . A SR T 64% 46% Armour (I11]) prpf_ 62 62 37 Armstrong C'k .50e. 413 41 10 Arnold Const .375e. 10% * 10% 8 Artloom Corp T4% Assoc Drv Goods 70 Assoc DG 2d 11.50k 21% Atch Top&Santa Fe 16% Atl Coast Line 13% Atl Gulf & W {nd pt 20'; Atl Refining (1) 107'% Atl Refining pf (4). 8% Atlas Corp « 50g) - 47 AtlasCorpot (3) .. 63 Atlas Powder (.75e) 117 Atlas Powder pf(5) 6 Atlas Tack = 17« Austin Nichols _. 3 16% Austin Nich pf (A). 30s 6 Aviation Corp - 14 Baldwin Loco ctfs. 4% Balt1 & Ohio (r) _ 5% Bali & Ohtopf (r)_ 2 10 Bangor & Arstook . 8 38 Bangor & Ar pf (5) 210s 13% Barber Asphalt .50e 3 10% Barnsdall Oil .30e _ 6 25% Bavuk Cigar 25e .. 6 Bayuk Cgr ist (7) .. Beatrice (‘rea (1a) . 5 331 32% Beech Creek (2) 10s 30 Belding-Hem (.40e) 3 9% Bendix Aviat'n (le) 32 33% Beneficial Loan .45e 7 21 5% Best & Co 1.60a) 2 36' 361, 5e)__ 115 84 8215 Beth Steel pf «7) 4 124% 123 124% 25% Bigelow Sanf'd(le) 1 25'9 25% 25% 195 Black & Decker 25¢ 2 20w 20 20 9% Blaw Knox — 6 10 9% 9% 19% Boeing Airplane _ 15 24% 24 24 Bohn Alum'n (.25e) 4 27w 27 27 Bon Am1(A)4a) 10s 1i7 117 117 Bon Ami (B) 2.560a_ 100s 66 66 Bond Stores (1.60). 16 294 28Y% Borden Co (.60e) 3 23w 23 Borg- Warner .25 223, Bower Roll B (3 6 Brewing Corp ( 60). 10% Bridgeport Brass _. 19% Briggs Mfg (.50e) .. 51 Bristol-Myers 2.40 13'3 Bklvn-Man Transit. 48 Bklyn-Man pt ctfs 1'; Bklyn & Queens . 12'% Bklyn & Qu pf ctfs. 20 Bklyn Un Gas .50e_. 21'4 Brunswick-B 2be. 8% Bucyrus-Erie 4% Budd Mfg JORRS 37 Budd Mfg ptf__. 4% Budd Wheel _ 20 Bullard Co (.25e) 28% Bulova Watch (2a. 18 Burlington M (1) 10% Burr's Add M 20 3% Bush Terminal 8% Bush T Bldgs pf__.. 613 Butler Bros (.15e) 20% Butler Bros pf 1.50_ 11 Byers(A M)Co _. 13% Byron Jackson (1) 2115 Calif Packing .25e_. 14 Callahan Zine 613 Calumet & Hec .50e. 13% Campbell Wy .658 . 161, Canada Dry = 4% Canadian Pacific 23 Carpenter Steel 508 215 Carriers & Gen 05e. 66 Case (J 1) Co - 5613 47% Caterpillar Trac(2) 351 26% Celanese Corp 50a. 3 119 107': Celanese pr pf (7).. 120s 118% 118 12'2 9% Celotex Corp 5 10% 10% 10% 3% 2% Central Foundry . 4 285 2% 28 114% 111% Cent 111 L pf (4.50). 10s 112% 112% 112% 11% 6% Central VioSugar .. 4 10% 10 10 41'; 36% Cerro de Pasco (2e) 3 37 317 37 8% 614 Certain-teed 2 6% 6% 6% 36% 27% Certain-teed pf. 140s 32 31% 31% 30% 21 ChampPap& F 13e 3 28% 28 28 105% 102 Champ P&F pf (6)_ 30! 105% 105% 105% 29 15 CheckerCabCo . 5 25 42% 38% Ches & Ohto (2.50)_ lE 97% 94 Ches & Ohiopf (4). 2% 1% Ch1 Grt West pf (r) 12% 9% Chi Mall Order % % Chi & Northw'n (r). 14% 10% Chi Pneu Tool e 50 46 ChiPn T prof 2.50_ K 13 Ch1 RI1&P 7% pf(r). 16'4 11's Chickasha Cot Ofl _ 913 7913 Chrysier Corp 1.26e 98 93 City I&F pf (6.50) .. 3% 27 City Stores 401 28 Clark Equip (1a) 43% 35's Clev Graphitet.40e) 411 354 Climax Molyb 1.20_. 45% 357 Cluett Peab (.60e)._. 131 118 Coca-Cola (.75e) _ 20 15% Colgate-Pal-P (.50) 3515 28 Collins & Alkm'n 2o 11215110 Collins & Atk pf (5) 21% 17 Colo Fuel & tron _. 5% 4% Colo & So 1st pfi._. - 40 48% 175% 891 913, Bt 123, 12 5214 1727 172‘5 1727% 89 88% 88% 903 4% 10% 90% 43 104 10% 48% T 90% 10 9% 473 Tia 294 36% lo; pHita 1215 121% T Ta T 4% 4 4 2813 27 Tw % 17% 54 6% 124 4515 16 111 36 34, 108 1134 1131; 1131 , % 30 93 34y 224 1% 8l 19Y% 2314 65 2814 3 75 511 34 bl 118% 21 39% 38% 95% 95% 1% 1% 10 9% % 11% 48% 'ln 14% 85% 97 3% 381 40% 37% 39% 951 1% £ Y ‘% 12% 11% 48% % 14% 86% 97 4% 391 37% 20 16 2 32 10s 112 2 21 208 4% 15% 112 21 4w 21 Clom'vhes’ 68% - % =1 +1 1T% + % 48% —1% 64 + 3% % b % 15% = % 24% - % 124 +1 15% - % W 34% - % 13% + 14 4% =15 11% = % Th = W% + % +1 27t {0 2 5 s 0 I I -1 =1 11 41% 40% 40% 2 127% 127% 1274% +11% 15% = 1 31% 31% —1% 112 + 4% 132 + % 284% - % FE OFFEIE ] 48% + %= % 14% = % 8614 —1% 97 + % 3% = % 381 — 1 40% - % A% = W 5 3% Colo & So 2d pf 26% 23 Colum BC (A) 4 261 22% Colum B C (B) .45e. 5% Columb G & E1 20e. 86 Col G&E pf (A)(6). 72 ColG&Epf (5). ... 6% Columb Plo vte .. 87% Columb’'n Carb (1e) 45 Comel Credit (4) .__ 51% Comel Inv Tr (4) . 13 Comel Solvents .. 80% Comwith Ed (1.80). 1 Comwith & South'n. 21% Congoleum (.25e) _ 25 Consol Aircraft 5% Consol Cigar (.75e). 86 Consol C prpf 6.80.. 7% Consol Cop M .15e. 32% 30% Consol Edison (3) .. 110% 107 Consol Edis pf (5) . 1% 7% Consol Film . 10% 8% Consol Film pf .35k 8% 7 Consol Ot} « 80) 2% 1% Consol RR Cuba pf. 4% 3% Consolidation Coal 1812 1415 Consolidt’n Coal pf_ 14% Container Corp 35e 124 Cont1 Baking (A) 86 Contl Baking pf (8) 41% Contl Can (1e) - 6% Contl Diamond .25e. 38 Contl Lnsur 1.60a).. 3 Contl MOtOT —ceeen 22% Contl Of} (.266) e \ 20s 3% 5 8% 30 31% 31% 1 108% 108% 108% 1 # # 10 9% 9% 1 % % 1 1% 1% T 4% 4 18 17% 19% 18% 12% 12% 90 9% — W %+ % 1% 4% - Y% 17% 18% - % 12% 89% + % 6 1 2 8 T 9 5 20 2:00 p.m. Sales— s Add 00. High. Low 3 30 9% Pfl' 1040 Stock and Hirh Low, Tiividend Rate. 25 Contl Stes! 25¢ 15% Copperweld Stl .40e. 52% Copperweld pf 53 Corn Exchang 58% Corn Products (3).. 4% Coty Ine (.25e) .___ % Coty International.. 19% Crane Co 2814 Cream of Wheat(3). 27 Crown Cork & Seal 37 Cr'nC&S pf ww 2.26 16 Crown Zellerb'k.76e 89 Crown Zeller pf (6). 344 Crucible Steel ... 8% Crucible Steel pf.. 6% Cuban Am SBugar.. 814 Curtis Publishing.. 40% Curtis Pub pf (1x). 9% Curti: 18'% Cutler-Hamm'r .26 6% Davison Chemical 118y 111 'ton P&L pf 4.60 re & Co 23% 19% 27% 22'6 ere & Co pf(1.40) 19% 16 Delsel-Wem-G .375¢ 23% 16% Del & Hudson 5% 4% Del Lack & Wn 23% 18% Devoe & Ray A .2be. 36% 33% Diam'd Match 1.50 10% 8 Diam T Motor 20 18Y% Distill-Seagr (2 11% Dixle-Vortex .25e _ 38 34% Dixie Vor(A)(2.60). 24% 16% Doehler Die C .250_. 23% 18 Dome Mines (2) .. 94% 75 Douglas Air (3).. 30 14% Dresser Mfg pe 10 5% Dunhill Internatl__. 189% 175 Du Pont (1.76e) .. 126 122 Du Pont pf (4.60) . 44% 264 Bastern Alr Lin lflfi‘h 1457 Eastman Kodak « 27% Eaton Mfg (.76e % Eitington Schild 34% Elec Auto Lite .76e. 1214 Electric Boat 60g 1% Electric & Music 47 Eleo Pwr & Light _ 22% Elec Pwr & Lt $6 pf 26% Elec Pwr & Lt $7 pt 32% 28% Eleoc Stor Bat (2) _. 417% 35% El Paso Nat G (3)__ 112 109\, Endicott-J pf (5).. 12% Eng Pub Service 3% 2 Erie RR 1st pf (r) 814 Evans Products 20% Ex-Cell-O (.408) 4%, Fairbanks Co pt 34'2 Fairb'ks Morse( 25 Fajardo Sugar .5 85% Federat'd DS pf 4.25 16% 378, 18% 434 184 l‘fc 418 18% 13 8% 313, 36% Firestone Tire .50 First Natl Strs 2.60. Flintkote (1g) _ EE Florence Stove .50 183% Foster Whee! 3% Franeisco Sugar _ 31% Freeport Sulph (1) 2% Gair (Robert) 12! Gair (Robert) pf. % Wood Indust 11 Gaylord Cont (.10e) 51 Gen Am Tra 2.376g- 145 135 Gen Baking pf (8).. 11% 6% Gen Cable 29% 18% Gen Cable (A)eeeee 87 48% Gen Cablept __... 19% 17% Gen Cigar .25¢ _ 117% 113% Gen Cigar pt (1) 41 36% Gen Electric (.35, 49% 45% Gen Foods (2) % 12 GenGas& El (A) . 56% 51 Gen Motor (.75e) __. 127' 123' Gen Motors pf (5)__ 7% 4% Gen Outdoor Adv 110 991y # 184 33% 15% 303 24% 13% 86': Gen Rwy Sig pf (6). : Gen Realty & Uti] 163 Gen Realty & U pt. 27% Gen Refractor 26e. Shoe (1.20) .___ n Steel Cast p: 1974 Gen Telephone 1.20 11% Gen Thea Equ .2 15% Gen Time Inst .25e 17% Gen Tire & R 60e _ 6 Gillette Saf R (.60): 47': Glllette S R of (5)_. 7 Gimbel Bros 474 Gimbel Bros pf (6)- 16% Glidden Co 2'2 Gobel (Adolf) _ 2% Goebel Brew (.20) 16'2 Goodrich (BF) 21% Goodyear T&R 50 3 Gotl Silk Hose. * G m-Paige 13% Grand Un war ctfs 91x Grand Unlom x ctf: 31% Grant (WT) 1.20 22'% Great North'n pf. 125 Grt Nor O ctfs .75e. 27 Great Wn 8ug (2) 30% Green (HL) /(2 50 Green Bay&W (5g)_ 15% Greyhound (1) — 2 Guantanamo Sugar. 16 Hall (WF) Prtg (1) 23% Harb-Walker (.50e) Tl% Hat Corp (A) % 3% Haves Mfg Corp . 3% 105 Hazel-Atlas Gl (5). 9% Hecker Prod 1.60) . 14 Hercules Mot 25e _ 8715 Hercules Powd 60e 30'% Holland Furn .50e .. 5% Hollander (A) 52 Homestake (4.60) 33% Houd-Her (A)(2.50) 11'; Houd Her (B) 25e 67 Household Fin (4a) 5'2 Houston Of1 = 19% Hudson Bay 1.75g.. 4 Hudson & Manhat__ 5% Hudson Motor..... * Hupp Motor - I1linols Central ... Illinois C L «4) .. Indian Refining Indust Rayon .50e _ 118 108 Ingersoll Rand (1e) 90 80'% Inland Steel (le) . 15% 11% Inspiration Copper_ 51 3 Interboro R T (r) 47% 40 Interchemical(.80e) 12% 8% Interlake lron 1% 174 Intl Bus Mach (6a). 53% Intl Harvester 1.60_ 315 Intl Hydro-El (A) 8% Intl Mercantile M. 5% Intl Mining (.10e)_. 80 * ntl Nickel Can (2). 10% Intl Paper & Power 50% Intl Pap&P pf 1.25e 51 Intl Ry Cen A pf 2k. 9714 Intl Silver pf (2k)._. 3% Lntl Tel & Teleg 3% Intl T & T for'n cf: 8% Interstate Dept Str. 7% Intertype Corp .40; 384 5% 29 24y 13% Jarvis (WB)(.375e) - 45% Jewel Tea (2.40)___ 67 Johns-Manville 5% Jones & Lau pt (1k) 13 Kalamazoo Stov .60. 6% Kansas City Sou. 12 Kayser<J) .50e 34% Kennecott Cop .25 13% Keystone Steel 250 35 Kimberly-Clark (1) 25% Kinney (GR) $5 pf_ 24Y% Kresge (SS) 1.20a. 28Y% Kroger Groc (2) 15% Lambert (.75e) 30% Lee Rub & T (.75e). 21% Leh Port Cmt .75e._. % Leh Valley Coal 3 Leh Val RR (1) 21 Lehman Corp (.40e) 26% Lerner Stores (2) _ 48% Libbey-Ow-F (le)_ 61 Libby McN & Lib _. 41% Life Savers (1.60) . 109% 106 Lizg & Myers(B)4a 180 171 Ligg & Myers pf(7) 29% 24% Lima Locomotive.. 41 36% Link-Belt (1) 14 11% Lion Uil Ref (1) __ 15% Liquid Carbonic.60e 27% Lockheed Airc 33% Loew’s Ino (3) 18% Loft ino 42% Lone Star Cmt (3) 2% Long Bell (A) 16% Loose-Wiles .75 23% Lorillard (.30e) 160 149% Lorillara pf (7) 16% Louis G&E (A) 1.60 54% Louis & Nash 1.25e. 33 MacAnd&Forb (2a) 23% Mack Trucks 27% Macy (RH) Co (1e) 11% Madis Sq Gar .60e__ 2% Manati Sugar 14% Man Ry mod gtd(r) 14% Man Ry m gtd ct(r) 28 Man Ry gtd ct(r).. 1 Maracaibo Oil o 4% Marine Midl'd(.20e) 87 Market 8t Ry pr pf. 13 Marshall Field ¢0._. 35% Martin (Glen) ... 7% Martin-Parry 31% Masonite Corp 26% Mathieson Alk 1. 109! Gen Print Ink pf(6) * 19 3 1408 8 - SomanBO~DE~- s [ A ARE o o Zat33 o ® o 8. [T TSP TP PUPIRTRS P =TT SISO - PRSIV ON PP eIy ® o ,...w—.,?m_,q..._m,mm.www.mn CYSE T 56 33% 26% 29% 11% 3% 16% lfl- s55sag #2 *13¥Ed ++10 0040 EFRFEF EF FEIFIeIER [N FEFFLFRFPIIFESEES S +II+I+|||I oo e EFES +1 FEIFF FEPE OF FFEFEP LFEF EJEF OE EFe ¥ 11+ - £ FEF % 24 24 % 159% 159% — % 19 19 56 334% 25% — S FEFS PEEXFEFRE & 2:30 p.ma. Prev. 1940 and High L~— Dividend Rate 531 50 May Dépt Strs (3).. 98 Maytag 1st pt (6).. 14% McCall Corp (1.40). 14% McCrory Btrs (1) ... 22% McGraw Elec (1 7% McGraw-Hill (.30e) 9% McKeesport Tin ... 6 McKesson & Rob... 25% McKesson & R pf. 7% McLellan Strs .40e. 9% Mead Corp 53% Mead C pf(B) (5. 50). 29% Melville Shoe (2).. 45 Mengel Co . 21 Moengel Co 6% M.-- 13 Merch & Min Trans 8% Miami Copper .20e 13% Mid Cont Pet (.40¢) 33 Midland St) P .60e 47 Minn-Hon Ros (2a). 110 104 Minn-Hon pf B (4). 4% 3% Minn-Moline imp._ 4% 2% Mo-Kan-Tex pf 19% 16% Mohawk Carpet .25¢ 115% 104 MonsantoCh (4) _ 118 116% Monsanto C pf 56 50% Mont Ward « 26Y% Morris & Es 76) 10% Motor Products . 15% Motor Whee! (1.60) 21% Mueller Bross ____. 4 Mullins Mfg (B)... 5% Murray Corp 644 Ni -Kelvinato 17% Nash Chat&StL le 13% Natl Acme (.50g) - 11% Natl Aviation 22% Natl Biscuit(.80e)_. 13% Natl Cash Reg (1).. 16% Natl Dairy « 80) 11615 110 Natl Dairy pt A(7). 114 109% Natl Dairy pf B(7). 6% 5% Natl Dept Store: 23 Natl Instillers 9% Natl Gypsum 19% Natl Lead ¢.60) 2113 Natl Malleable 25e. T% Nat) Pwr & Lt 60_. x 63'2 Natl Steel (.60e) 7% Natl S8upply - 12 Natl Supply 82 pf. 39 Natl Supply 5.50 pf. 315 Natl Tea Co 22% Neisner Bros (1) 40 Newberry (JJ) 2.40 11% Newport Indus . 41 N Y Air Brake (le). 14% N Y Central 29%4 N Y Cht & St LD! 31 N Y COmnibus (l) 6 NY “WNY WNYNH&HD! (). % 13% N Y Shipbtiding 357 2813 Noblitt-Sparks 60e. 219 208 Norfolk & Wn (10)_ 26%° 2013 Nor Am Aviation__. 23% 20% Nor Am Co (1.20) 58 55 No Am 5%% of 2.376 59 56 No Am Co 6% pf (3) 9% T4 Northern Pacifie 113 111 Nor'n Sta Pw pf(5). 5% 3% Norwalk Tire _____ 8 613 Ohto UN 28% 18! Oliver Farm l:qulv. 14% 13 Omnibus Corp 1.20_ 112 1031 Omnibus of «8) 18% 154 Otis Elevator .35 144 13815 Otis Elev pf (6) . 128 328, 64% 9% 63 233 1215 340 50 16% T 8u 41 25% 1 we B ilanBiornaloanman— o o o 3 =3 & 59's Owens-I11 GI (1e 5'x Pac Am Fisherie Pacifio Coast Pac Coast 1st pt Pac Coast 24 pt Pac Gas & Elee (. Pao Lighting (3) Mills Tin Consol .2 Pac Western O .40g. Packard Motor Pan-Am Airwa Panhandle Paraffine (.75e)_. Paraffine pf (4)_ Paramount Ple Param't 24 pf (.60)_ Park & Tilford Park Utah M .10e Parke Davis (.808)_ Parker Rust (1) Parmelee Tran, 45 10115 100 Penney «JC) (. 15‘)- Penn Coal & Coke _ Penn Railroad (1g) Peoples Drug (new) Peoples GLt&C(1e) % Pere Marquette pt Petrol Corp (.708)_. Pfeifter Brew (1) ... Phelps Dodge .25e_. Phila Co 6% pf (3) . 4« Phila Co pf (6) Philip Morris (3a)_. Phillips-Jones Phillips Petrol ll). Phoenix Hosiery _ Phoenix H pf 1.75k. IOOA Pierce Oil f Pillsbury FI1 (1 I(\). Pitts Coal . Pitts Coal pt Pitts Coke & [ron_ Pitts Ft W pf (7) _. 30s Pittsbgh Screw 15e 3 Pitts Steel pf (B)__ 408 Pitts Steel prpf __. 408 16 Pitts Steel 5% p! 808 12 Pitts& W Va -~ BO0s 20'% Plymouth Oil 1.40 2 10 Poor & Co (B) = 4 7 Port R Am To A(r). 4 114 Pressed Steel Car 12 14% 11% Pressed St C 1st pf. 1 1% 65% Proctor & Gam (2a) 15 11815 112% Proctor & G pf (5).. 20s 434 39% Pub Sve (NJ) 6be__ 4 11515 11038 Pub Sve(NJ)pf (k). 2 165 160'3 Pub Sve(NJ)pf(8). 10s 24Y% Pullman (.25e) 29 84 Pure Ofl _ ____. 26 85 Pure Oll pf (8) 77% Pure Ofl pt (5) 5% Radio Corp (.20e 60% Radio Cev ptf(3. 50). 19% Raybest-Man .25 15% Rayonier Inc 27 Rayonier pf (.50k) 145% Reading Co (1) 11 Reis & Co 1st pf_ 20 8% Reming Rand (.40e) 13 Reo Motor vtcctfs. 1 18% Republic Steel - 8 79% Rep St cv pf 7.50k. 65 Rep Steel pf A (6).. 11% Revere Copper ... 9% Reynolds Metals___ 6l Reynolds Spring . 395% Reyn Tob (B) (le). 6% Richfield O1l (.60g). 18 Ruberoid (1.10g) 444 Safeway Strs .75 lll‘/' 104 Safeway S pf (5) 42 36% St Joseph Lead (1). bl % St L-San Fran (r).. % % St L-San Fr pt (r) 2 St L-Southwn (r| 19% Savage Arms ( 16% 22% 123 2% 147% 2 3 66 5 4 30% 14% b ™ b 2% % Schuite Retail 8 (r) 4% Schulte R 8 pf (r) .. % Seaboard Air L (r). 1% Seagrave Corp. 1 40 Infegration Cases Dismissed by S. E. C. By the Assoctated Press. The Securities Commission dis- missed integration proceedings against 40 companies named in its inal order against the United Gas Improvement Co. The action affected principally companies operating in Indiana and Sales— Add 00. High. Low Clos 7 Bl1% B1% BIK - % 50s 102 1 1 THE EVENING . STAR, WASHINGTON, D. C, FRIDAY; APRIL 26, 1940. STOC K EXC H A N G E Stock Leaders Down 3 16% 5% 56 ™ 3% 6% 24 120 llz% 102 16 « 16 27 8% 102 15 16 27 8% — % =1 =3 FEEEege FEFE FEFFES llS 174 98 2T% 534 23% 18 119 (0 B R N T o FRELEER RFEEFEES (K | FEErws FEL 181 28 T 12% 3814 ¥ OFEIFEEE + F 48y 2% 21 15% 70 159 12 19 38% 39 314 4 T 23% 36% 110t 108 115 2415 40 5 28% 284 118 53 129 92 25 19% 124 14 48% 28% 17% % stock ‘Aates of flmmu T the mmmn- table bursements based on tion included x af Accumulated divid r this year Low. _ Dividend Ra 80% Sears Pflb\lck @). 13 Servel Ina (1) 4% Sharp & Dohme..__ 50 Sharp & D pf (3.50). 6% Shattuck (FG)(.40) 10% Shell Un O1l (.50g). 5% Silver King (.10e)_. 20% Simmons Co. 21% Simonds 8 & 8 . 105 Sloss-Sheffield .76e. 103 112# Sloss-Sh pf (6)cald. 2&0- 10% Bocony-Vae .25 2 So Am Gold (.10e; 22% So Porto Sug (1). 14% 8.E.Greyh'nd 1.50._ 287 Southn Cal £4 1.60a 113 Southern Pacific .. 14% Southern Raflway.. 25% Southern Rwy pt. Add 00. High. !d' Close. flll' 7 85% 8h% — ‘fi 12"/- = 55% +2‘/n 23 114 114 1128 1128 % 10% Spencer Kell (1.60). Sperry Corp (2g) . 50% Spicer Mfg of A (3) 8% 8§, Ine (.30e)._. Inc pf 4.50.. 29% Square D Co (.30e). 6 Stand Brands.20e.. 1% Stand Gas & Elec... 3% Stand G&E $4 pf___ 10% Stand G&E $6 pr pf. 13% Stand G&E $7 pr pt. 22% Stand Ol of Cal (1). 26 S8tand O1l {nd (1) 40 StandONNJ (1 281 Starrett (LS) .50 76% Sterling Prod (3.80) 7% Stewart-Warner___ 5 Stokely Brothers__. 9% Stone & Webster. 9 Studebaker _ 56% Sun Ofl (1a) . 9% Sunshine Min 1.60_. 20% Superheater i.50)__ 13% Superior Steel 28%, Sutherl'd Pap 1.20__ 22 Swift & Co (1:20)__. 27% Swift Int) (2) T% Syming-Gould ww. 5% Syming-Gould xw. 3412 Talcott(J)pt 2.75. 5% Tennessee Corp.. 42% Texas Corp (2). . '3 Tex Gult Prod(.10e) 32% Tex Gulf Sul (2) .. 72 Tex Pag C&O (. 12% Thatcher Mfg (1)_ 34 The Fair pf 26% Thermold pf (.75k). 2% Third Avenue 4 Thompson (J R) 27% Thomp Prod (.25e) . 1% Thompson-Starrett. 10 Tide Wat A O.15e _ 891 Tide W A O pf 4.50_ 20's Timken-Det Ax (1) 46'3 Timken R B (.50e) - 5% Transamerica (.50) 12% Transcont! & W Alr 2% Tri-Continental . 9 20th Century Fox . 2% Twin City Rap Tr 24 TwinCity Rap T vt 9% Twin Coach % Ulen & Co (r) 391 Underw-ElI-F 506 . 11% Un Bag & Pap .15e). 78'2 Unton Carb (1.10e) 112% Union E1(Mo)pf(5) 16 Union Ofl(Cal).50e_ 93 Uniton Pacific (6) 22% Un Tank Car 1.204 43'2 Unit Atrcraft (2g). 144 Unit Afr Lines 15% United Biscuit .50e 112 Unit Biscuit of (7). 54% Unit Carbon (3). 2 United Corp 36% United Corp pt 5 Cnited Drug - 4% Unit Electric Coal_. 75 United Fruit (4) 11% United Gas Imp (1) 10'; Unit Mer & Mfg .60 4% United Paperboard 7% U 8 Distributing pf 80 U B & For Sec pf(6) 80% U 8 Gypsum (2) 177 U S Gypsum pf (7) 21 U S Indus Alcohol 5% U 8 Leather E 914 U S Leather (A) 34% U S Pipe & Fdry (2) 14 U 8 Realty & Im(r) 3214 U 8 Rubber 100 U S Rub 1st pf (2e) 60'% U S Sm & Ref (2e) 5312 U S Steel (1e) 115 U 8 Steel pf (7) 35 U S Tobacco (1.28) 43% U S Tobacco pf 1.75 1% Unit Stockyards 1% Unit Stores (A) 13% Univ-Cyclops § .20g 62 Univ Leaf Tob (4a) 148 Univ Leaf T pf (8)_ 67 Univ Pictur 1st pf 16% Vadsco Sales pf_ 28% Vanadium . 35% Van Raalte (.60e) - 2815 Victor Chem (.30e)_ 3 Va-CaroChem 6% Waidorf System 60 20% Walgreen (1.60) .. 31 Walker (H) (4) 14% Walker (H) pt (1) 5% Walworth Co = 7' Ward Baking (A)._ 31 Warner Bros Pict _ 25% W ton G Lt 1.50. 22 Wayne Pump (le) 21 Wesson Oll & Snow 105% West PennE(A)(7) 102!» West Penn E pf (§) 111 West Penn E pf (1) 13! W Va Pulp & P .15e 33!2 West'n Auto 8 (2)._ 313 West'n Maryland 21% it'n Union Tel._ 22% Westh'se A B 50e _ 105% Westhse Elec 1.75e Weston El Inst Westvaco (1.40) Westvaco pf (1.50) EFEFF FF F OEEF Dl T MR A T S —’I!.n" FELF | S SEEFES ++lll++l||l++l+l+l White S M pr pf (2)x 2% Wilcox Oil & G 10e. 134 Willys-Overland _. 3 4% 388 Wilson & Co Woolworth (2.40)__ Worthington Pump. Worth Pump pr pf. Worth P ev pr ot 105 Wright Aero (2g) - 85 Wrigley (3a) 21% Yale & Towne (. 00), 16% Yellow Truck - 115% Yellow Tr'k pf (7).. 10% Young Spg & Wire._ 37% Ygstwn Sh & T 25e 21% Ygstwn 8tl D 25e.. 14'% Zenith Radio (le).. 2 Zonite Products ... RN [ X Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 AM. o ____ 1:00 P.M. 260,000 520, 000 12:00 Noon 23:00 P.M . Onis of 10 en; r In n-nxnmfl or rleel'enhln OF being reorzanized under tier assumed b3 such companies are annual dis- the last quarterly or semi-annual deciars- oted sDecia) or extrs dividends are not s Also satrs 4 Paig lll' !!Il’ OL ds Dad or declared ‘Gnless otherwise o lividena __ xr B3 rights ends paia Tast ver 1 Payable in stock 8:'1?. 3 ¥ Accnmulated divident Container Corp. Sales Soar 23.8 Per Cent By the Associated Press. CHICAGO, April 26—Walter F. Wheat Supplies Decline Below 1939 Levels By the Associated Press. Paepcke, president of the Container Corp. of America, told stockholders yesterday that first-quarter sales totaled $6,476,000, against $5,231,000 in the like 1939 period, an increase of 23.8 per cent, due partly to shut- ting off of $candinavian pulp ship- ments. Stockholders re-elected all direc- affiliated with the Midland United | tors. Co. The commission sald it ap- peared unlikely that it would find it necessary to direct those com- panies to take any action under the section of the Holdirig Company Act which calls for physical integra- tion and corporate nmpunuum of utility holding company systems. All of the 90 companies named in the original order had joined in the U. G. L reply to the show- cause order of the S. E. C. Certain contentions in that reply were argued before the commission yes- terday and taken under advisement. The Vatican Library was by Pope Nicholas ¥ about 1450. \ i The board voted a dividend of 25 cents a share, equnl.ncnpcyment made in February. Brokers’ Loans GUI.II $1,000,000 in Week By the Associated Press. The Federal Reserve Board re- ported that last week’s loans to brokers and dealers on securities held by reporting member banks in New York City totaled $480,000,000. For the week ended Wednesday the total represented an increase of $1,000,000 when compared with the previous week. Loans for 8 year ago ! éon-man; totaled $547,000,000. The Agriculture Department re- ported yesterday combined stocks of wheat in interior mills, elevators and warehouses and on farms April 1 totalled 238,301,000 bushels com- pared with 278,554,000 on the’same date last year. Stocks in interior mills, elevators and warehouses were reported at 80,817,000 bushels compared with 90,046,000 Stocks of all classes of wheat in all places of storage on April 1 included: Hard red winter, 82,173,000 bushels; soft red winter, 35,386,000; hard red spring, 171,648,000; dunlm 20,859, 000, and white, 28,235,000 525 Tons of Lead Sold NEW YORK, April 26 (#)—St. Joseph Lead Co. reported 100 tons of (of Southeast Missouri pig lead sold yesterday at $4.95 per 100 pounds East St. Louis, 350 tons at $5.15 New week | York and 75 tons at the New York average. ) Fractions fo $2 at .|Session’s Close Pessimism Over War Trend Offsets Good * Earnings Reports Stock Averages Indust. Rajls. U0l s0Cs Net change —3 —2 —1 —32 18.9 50.1 Today, noon 71.7 Prev. day . 720 19.1 503 Month ago. 71.7 18.7 50.1 Year ago_._ 624 17.1 44.1 1940 high__ 742 205 522 1940 low... 69.9 492 1939 high__ 77.0 .6 53.9 1939 low... 588 33.7 416 60-Stock Range Since 1927: 1937-38. 1932.36. 192 High 153 2.8 Low ... 337 16.9 151 7 618 (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, April 26.—Stocks turned downward in today’s market as traders lightened commitments to be on the safe side over the ap- proaching week end. Pessimism regarding the trend of warfare in Norway helped inspire selling here and there, brokers said, and tended to offset the bullish effect of first quarter steel figures and highly favorable earnings statements from individual com- panies. The list got off to a sketchy start. Prices later rallied, but offerings be- came more urgent in the final hour. Closing declines ran to around 2 points or so for leaders. Steels and aircrafts were in front of the re- treat. Dealings, lively in the forenoon, slackened on the attempted recov- ery. Transfers for the full session were around 900,000 shares. Principal losers were U. S. Steel, Bethlehem, Chrysler, Douglas Air- craft, Boeing, Glenn Martin, Ana- conda, Great Northern, Southern Railway, U. S. Rubber, Montgomery Ward, Safeway Stores and Air Re- | duction. Resistant issues, up at one time, were International Paper preferred, Savage Arms, Rayonier, Ex-Cell-O Corp. and Baldwin Locomotive. Off as much as a point or more in the curb were Bell Aircraft, Creole Petroleum, Aluminum of America and Illinois Zinc. Contest= ing the move were Buckeye Pipe, Heyden Chemical and Electric Bond | & Share. Chicago Grain By the Associated Press. CHICAGO. April 26.—Wheat prices were pushed down 2 cents today to the lowest levels since April 13 as the market absorbed selling in- | spired by good rains in the domestic | Southwest and heavy marketings, | particularly at spring wheat ter- [mmals Despite large receipts at Min- -neapolis, trade reports said demand for cash grain there was the best in months, indicating commercial dealers were absorbing the supplies readily. _Announcement that the | German Foreign Minister will make a statement early tomorrow caused many dealers to operate with cau- tion. Wheat closed 1%-2!4 cents lower than yesterday, May 31.075,-31 071, July $1.06%5-81.0614; corn, down, Mav 6375-63%, Ju]y 6435-6414; oats. 13-1%% lower. 19pen. 108 %3, High. Low. Close. 1.0 7 10795 1.07%-13 073 1065 1.06%-'4 T34 1.07% 1.06'2 1.06% 637834 fd3a-14 65%-14 Chicago Cash wheat. No. No. 3. 1.0914: No. No: 1 seilow. 8A3, Cash Market liow, hard. 1.1014: 4. 1,085, Com. 2. BA3-A7 o " Barley. ‘malting. § feed. $0-50 nominal. * 8oy "beans, 1. No. l vellow, 1.0 Winnipeg Prices, WINNIPEG. April 25 (#.—Grain n T WHEAT— High. May " July October OAT! May Low. Baltimore Quotations. BALTIMORE. April 26 (#.—Wheat. No. 148¢ winter. garlicky, " spot - domestic, 'y New York Cotfon By the Associated Press. NEW YORK, April 26.—Steady markets abroad encouraged some trade and foreign buying in cotton today but demand was readily satis- fled by offerings from New Orleans, the South and commission houses. Continued favorable crop weather discouraged outside support. Prices were uniformly 1 higher in late afternoon; May (old), 10.73; July (old), 10.46; December, 10.00. Cottonseed Oil. Bleachable cottonseed oil futures eased in forenoon dealings today under heavy May liquidation and transferring of May contracts to forward positions. : September. 6.94. Sales up to noon totaled 150 contracts of which 96 represented switches. Crude ofl was quiet and steady on & basis of @ cents nominal Boutheast and valley and 5% to 5% Texas. New Orleans Prices. NEW ORLEANS. April 28 (P .—Cotton futures were quiet and irregular today. At noon prices were 4 points net higher to 2 points lower. Co seed ofl mned -undy ll 0615 ‘d :MB Beptember, 6.44b; lo’elob'h Sales of Baby Bonds Increase Further By the Assoctated Press. Treasury sales of United States savings (baby) bonds increased, de- spite new restrictions, to $102,543,~ 797 in the first 23 days of April. I Figures for the same number of days in March were $75,436,088 and in April, 1939, were $46,022350. On April 1 the Treasury limited sales of these bonds to individuals and barred banks and other corpora- tions. \