Evening Star Newspaper, May 3, 1940, Page 22

A—-22 wxx D. C. Postal Receipts Set Aoril Record, Far Above 1939 '$705,744 Total Compores’ With $664,231 in Month Last Year By EDWARD C. STONE. Receipts at the City Post Office | in April were the highest of any April on record and, of course, well | ahead of the same month last year, it was learned today. April postal revenues amounted | to $705,744.59, compared with $664,- | 23149 in April, 1939, an increase of $41513.10, or 6.24 per cent, today'’s| statement revealed. Revenues in the first four months of this year amounted to $2,703,187, as compared with $2,574,470 in the like 1939 period, a gain of $138717. | Comparisons by months so far| this year with the corresponding months in 1939 are as follows: 1940. 1939. $672.270 $652,174 626.825 511,684 698,348 680,381 705.744 664,231 January _ February March Total $2.703,187 $2,574,470 Lanston Officers Elected. | J. Thilman Hendrick of this city was re-elected chairman of the Board of Directors of the Lanston Monotype Machine Co. at the or- ganization meeting yesterday and all other officers were retained in office, as follows: Harvey D. Best, president; Frank Morgan, executive vice pr dent; John L. Meadth, vice presi- dent: John A. Ferguson, secretary Allen R. Fretz, assistant secretary Wilfred Bancroft, treasurer and | general manager; Harvey W. Monks, assistant treasurer; A. E. Pagola, vice president, export department, and Frank J. Roderick, vice presi- dent, Barrett division. The company expenced for patent and improvement accounts a total | of $117.363 during the year. Earned surplus on March 1, 1939, totaled $3457463 and on February 29, 1940, | amoutned to $3,322.367 The report | showed total assets of $8,657,797.32. | Sharp Tourist Gains Seen. The Keystone Automobile Club has announced a broad expansion | program covering virtually every phase of its activity. This pregram, already under way, | calls for an increase in personnel, expansion in touring, information' and service facilities; initiation of ay number of important engineering surveys designed to improve local motor transport, and intensified trf- fic safety effo: The club is convinced that travel volume in this area will reach new and permanently higher levels as a result of conditions both here and abroad. Announcement of the program was made jointly by J. Borton ‘Weeks, president; J. Maxwell Smith, general manager; George E. Keneipp, Southern division manager, Luther C. Steward, chairman of the ‘Washington Advisorv Board. Financial Yearbook Appears. “Facts and Figures on Washington Securities,” published by Y. E. Booker & Co., was being distributed | in the financial district today. This | is the 14th edition and is the most complete and informative yet com- | piled. The investment firm's publication | is the largest to date and contains | 75 pages devoted wholly to Wash- ington securities. Included in the | book for the first time are all“the | facts about Julius Garfinckel & Co., | Inc., which last year took over the retail merchandising business estab- lished by the late Julius Garfinckel back in October, 1895. | The yearbook also gives full in- formation about the Washington Railway & Electric Co.’s participat- ing units in connection with the special dividend declared by the North American Co. last December. ‘These units have been actively traded over the counter and have T risen from a low of 18 to 22. | Earnings on all other important | Capital securities are brought up to date. much space is given to the public utilities and special atten- tion paid to bank stocks. The m-, formation was compiled by Mxles H. Quail, who long has been con- nected with Y. E. Booker & Co. and | 15 a member of the Washington | Stock Exchange. Bankers’ Wives Hold Luncheon. Mrs. Ord Preston, wife of the president of the District of Colum- bia Bankers' Association and chair- man of the Ladies Committee for the forthcoming District of Colum- bia Bankers' Association conven- tion to be held at Hot Springs June | 6 to 9, entertained at luncheon on | May 2 at her residence, 1822 R street N.W., members of her com- | mittee. ‘Those present included Mrs. A. M. McLachlen, vice chairman; Mrs. Willard G. Barker, Mrs. T. Stanley | Holland, Mrs. Hilleary G. Hoskin- son Mrs. S. William Miller, Mrs, A. Scott Offutt, Mrs. John A. Reilly, Mrs. Willlam B. Willard and Mrs. Stanley D. Willis. Bonds Make Fine Showing. Holders of Washington Audi- torium first 6s are now presenting coupon No. 21 for payment at the office of the American Security & Trust Co., the trustee. Payment of this coupon calls at- tention to the fine comeback made by these bonds in the past {wo or three years. Following the con- struction of Continental Hall by the D. A. R, the bonds dropped in price until they were near the vanishing point. Then came the turn in the audi- torium’s affairs. The auditorium was leased to the Government and the bonds started an upward move. They are now quoted in the financial district around 76 bid and 83 asked, quotations which have caused a great deal of favorable comment among the many Washington holders. ‘Today’s Trading on Exchange. Lanston Monotype opened on the ‘Washington Stock Exchange today with a 30-share sale at 29 and closed with 50 and 20 shares sell- ing at 281;. Capital Traction 5s registered an- other $1,000 transfer at 101% and Chevy Chase Club 4!;s appeared on the board in a $2,000 transfer at 10415. Single shares of Potomac Electric Power 5!, per cent preferred came out at 1141;. Mergenthaler closed with 16 bid and 167 asked. . United Air Lines has notified the Civil Aeronautics Authority of its intention to apply for authority to operate air mail, passenger and ex- press service between Washington, D. C, and Toledo, Ohio. FINANCIAL. Prev. 1940 High, Low Dividend Rate. 70% 67 Abbott Lab (1.608) 2 5215 45 Acme Steel (3) 9 T4 Adams Express 19% 167 Addressog'rh 1.40 5814 47 Alr Reduction (1a). % % Alr Way Elec Appl. 6 Alaska Juneau .60 . 10% Allegh’y $30 pf ww. 912 Alleghany pf xw 18% Alleg- Ludlum .25e. 9% Allen [ndust (.25e). lsz 171 Allied Chem (6) _ 11% Allted Kid «.80).. 1313 Allied Mills T4 Allied Stores 63% Allied Stores DHSL, 334 Allis-Chalmers 25e 13% Alpha Port Cmt.50e 14% Amalig Leather pf _ 53 Amerada «2) 18 Am Ag Ch Del .30e_ 41% Am Alrlines 9% Am Bank Note . 5% Am Bosch 38 Am Brake Shoe .30e 112 Am Can «4) e 169% Am Can pt (7) -- 2314 Am Car & Foundry- 381y Am Car & Fdry pf__ 19% Am Chain & C .80e_. € Am Colortype .25e_. 10l Am Crystal Sugar 1 8114 Am Crystal S pf (6) 110s 2!; Am Encaustic Tl 1 1's Am & Foreign Pwr 3 18 Am& F P 6% pf.60k 214 Am & F P 7% pt.70k 2875 Am-Hawia'n SS (1) 4ix Am Hide & Leatner 56 Am Home Pr (2.40) 24 Am Ice = 24% Am Ice pt (5oe) __ 5 Am International 50% Am Inv 111 pf (2.50) 181x Am Lucomotive nl‘- Am Loco pf (1k) __ Am Metals (1c) Am News Co (1.50) Am Power & Light 43 Am P&LS5p! 1 875k 5l Am P&L $6 pf 2.25k 6 8 Am Radiator 30 13% Am Rolling Mills 25 11's Am Satety Raz 1.20 1 91x Am Seating « 50g) 3 2914 Am Ship Building _ 280s 46 . Am Sm & Ref (le) x 16 142 Am Sm & Ret pf (1) 60 Am Snuff (3a) 25% Am Steel Fdry .50e. 12 Am Stores « Zhe) 15 Am Stove (.50e) 184 Am Sugar Refining_ Am Tei & Tel (9) 8 Am Tobacco 5) _. 86 Am Tobacco(B)(5). 144% Am Tobacco pf 16) 4y Am Type Founders 84 Am Water Works 95 Am W W st pf (6). 7 Am Woolen 39 Am Woolen pf (3k). 5% Am Zinc 26'x Anaconda (.25e + 35 Anaconda Wire & C 110% Anchor H Gl pf (5) 311y Arch-Dan-Mid .70e_ 106!z Armour«Del)pf(7) 514 Armour «111) 464 Armour (111) pr pf_ 87 Armstrong C'k .50e x T4 Assoc Dry Goods 971; Assoc Invest pt (5) 21!y Atch Top&Santa Fe 0!z Atch T&SF pf 2 50e 161, Atl Coast Line ‘ 13% AtlGulf & W Ind _ 201 At Hehning (1, Stock and Sales— 671y 49 T 17% 4T - o & 0090 1 1 0105 2 DI G G 00 G RO RO Prtite 64ty " 47 AtlasCorpof ¢ 63 Atlas Powder 1.50e. 6 Atas T'ack E 1% Auburn Auto «r) 6 Aviation Corp 14 Raldwin Loco ctfs 4% Ralt1 & Ohio (r) _. 5% Balt! & Ohlo pf (r)._ 10 Bangor & Arstook . 381 Bangor & Ar pf (5) 13% Barber Asphalt .50e 10% Barnsdall Oil .30e__ 25% Bayuk Ciear 26, Beatrice Crea (1a) 26'» Bendix Aviat'n (1e) 21 Beneficial Loan 45e 5313 Beneficial L ot 2.50 35'; Best & Co 1 60a) 701 Beth Steel (2.25e) ._ 11% Eeth Steel pf «7) 254 Bigelow Sanf'd(le) 1913 Black & Decker 25e 94 Blaw Knox 191« Boelng Airplane 2 Bohn Alum'n (.25e) Bon Ami (B) 2 50a Bond Stores (1 60) Borden Co (.60e) Borz-Warner(.50e) Bower Roll B (3) Brewing Corp ( 60). Bridgeport Brass _ Briges Mfg (.50e) __ Briggs & Strat (3)_. 5014 Bristol-Mvers 2.40 134 BKlyn-Man Transit 48 Bklyn Man pf etfs 1'; Bklvn & Queens 1214 Bklyn & Qu pf ctfs_ 20 Bklyn Un Gas .50e.. 211 Brunswick B 25e__ 8% Bucyrus-Erle 4% Budd Mfg 37« Budd Mfg pf 4% Rudd Wheel 20 Bullard Co ( 25e) 28% Bulova Watch (2a) 18 Burlinzton M (1) 10% Burr's Add M 20e _ 2« Bush l'erminal 20% Butler Bros pf 1.50_ 31s Butte Cooper 11 Byers (A M) 21% Callf Packing « Callahan Zinc 5" Calumet & Hec .50e. 1314 Campbell Wy 65e__ 16'; Canada Dry | e 4% Canadian Pacifio 37% Cannon Mills (.50e) 5 Capital Admin (A)_ 8513 Caro-Clin & U (5) 23 Carpenter Steel 508 66 Case (J 1) Co b 111 Case (J [)Co pf(7) 47‘ Caterpillar Traec(2) i Celanese Corp 60a l(\7 Celanese pr pf (7) 4 Celotex Corp 21% Cent Aguirre (1.50) 23 Central Foundry 25 111'% Cent 111 L pt (4 50) 110( 1125 44 Central RR ot N J 1 6% Central Vio Sugar 9 36 Cerro de Pasco (2e) 3 61 Certain teea 2 27% Certain-teed of 160s 1814 Chain Belt (.50e) _. 3 21 Champ Pap& F 15e 6 4' Chesapeake Corp (r 1 38% Ches & Ohio (2.50) 1'3 Chi & East I11 pf (r) 9% Chi Mail Order KWChiMStP&P(r)_. 1% Chi M St P&P pf(r). % Ch1 & Northw'n (r). % Chi & Norwn pf (r). 107 Chi Pneu Tool 7% 33% Chi Pn T cv pf (3) 11 Chickasha Cot Ofl 4% Childs Co 7912 Chrysler Corp 1 256 12% City Ice & Fuel 30e 28 Clark Equip 1.25e 3512 Clev Graphite 40e) 35% Climax Molyb 120 “ Cluett Peab 1 50e) _. Coca-Cola ( 75e) _ 60% Coca Cola (A) (3) 15% Colzate Pal P 1.50) 28 Collins & Atkm'n 2e 17 Colg Fuel & iron . 3 Colo & Southern 4% Colo & So 1st pt_ 3% Colo & So 2d pf. 23 Colum BC (A) 45 22% Colum B C (B) .45e. 5% Columb G & El .20 86 Col GEE pf (A)(6). 6% Columb Pic vte 87% Columb’'n Carb (1e) 45 Comcl Credit (4) __ 51Y% Comel [nv Tr (4) . ll! 110 Comel Inv T pf 4.25. 13 Comcl Solvents 80% Comwlith Ed (1.80) 1 Comwith & South’'n 62% Comwith & S pf (3) 21% Congoleum (.258) __ 8 Congress Clgar 1 25' Consol Alrcraft - . 13 % Consol Cigar (.75€) 4 79 Consol Cigar pf (7). 10s 86 Consol C pr pf 6.50 7% Consol Cop M 1be 30% Consol Edison (2) 7 Consol Ot « 80) * 8% Consolidation Coal. 1413 Consolidt’n Coal pf.. 1‘0 100% Consum Pw pf 4.50 19% 14% Container Corp.50ex 14 18% 16% 12% Conti Baking (A)._ 1% 20s 13 1 70s 117 9 513 45 35 490s 117% 2 10w ’! 24% 3 119 121y - .63 10 O 4 €0 00 4 03 1 Lo orece 2 Ah 1 Contl Baking (B)ee. 4 1k Add 00. High. Low. c)q’u chne 48% % 17% 46% kX 2 124 12% THE EVENING STAR, WASHINGTON, D. C., FRIDAY, MAY 3, 1940. % EY % T l74‘u + % W +1 48ty +1 101 +1 10% + % 41 1) 7+ 18| 29% + W 36 Prev. 1940 Stock and High. Low. Dividend Rate. 49% 41% Contl Can (1e) 9% 6% Contl Diamond .25e. 40% 38 Contl Insur 1.60a).. 4% 34 Contl Motor . ____. 25 22% Contl Of) (.26@) cee 33 25 Contl Steel 250 25% 15% Copperweld Stl.40e. 697 52! Copperweld pf 2.50. 65% 58! Corn Products (3)._. Tla 4% Coty Inc (.25¢) ... 7% Coty International . 194 Crane Co 98 Crane Cocv pf (5. 28 Cream of Wheat(2). 27 Crown Cork & Seal 37 Cr'n C&S pf ww 2.25 372 Cr'n C&S pt xw 2.25 15 Crown Zellerb'k 7he 89 Crown Zeller pf (5) 3414 Crucible Steel 814 Crucible Steel pf 61 Cuban Am Sugar 79 Cub Am 8 pt (2K) 1214 Cudahy Packing 26 Cuneo Press (1.50)_ 314 Curtis Publishing 403 Curtis Pub pf (2k)- 914 Curtiss- Wright 27% Curtiss-Wr(A) .50e 18'; Cutler-Hamm'r 25e 412 Davega Stores .25e 1131 111 Dayton P&L pf 4.50. 237 19% Deere & Co . 23% 1 Del & Hudson 5% 413 Del Lack & Wn 125'% 118! Detrott Edison (3e) 23% 18% Devoe & Ray A Zbe 36% 33'x Diam'd Match 1.50 431 388'¢ Diamond M pf 150 10% 8 Diam T Motor 20 181 Distill Seagr (2) 14% 11% Dixfe-Vortex .2ie 3% 841 Dixte VoreAii2 50) 24% 16% Dochler Die C.25e . 18 Donie Mines (2) 7 Douglas Atr (3g) 14% Dresser Mfg 5l Dunhill Internatl ]75 Du Pont (1.75e) 22% l'.. » Electric Boat 60g_ 1% Electric & Music __ 474 Elec Pwr & Light : Elec Pwr & Lt §6 pf 2814 Elec Stor Bat (2) __. 1% Elk Horn Coal __ 3474 El Paso Nat G (2) . 42 Endicott-John (3)_. X Eng Pub Service 80 Eng Pub Svc pf 5.50 84 Eng Pub Sve f (6)- f+ Equit Office Bldg __ 2 Erie RR st pf (r) f15 Evans Products 2013 Ex-Cell-O (.40e) __ 34!, Fairb’ks Morse(1a) 25 Fajardo Sugar .b0e. 96 Fed Lt & Trpf (6)_ 3% Fed Motor Truck _ s Fed Water Sve (A). 16'4 Ferro Enamel (1a). 374 Fidelity Phoe 1.60a_ 18% Firestone Tire 50e_ 104 Firestone pt (6) 43% First Nat) Strs 2 50 1=t. Flintkote (1g) 3 Florence Stove 50e. : Florsheim (A)(2) _ « Follansbee Bro «r)_ Food Mach (.25e) .- 6% Foster Wheeler _ 3174 Freeport Sulph (1) 2% Gair (Rovert) __ Gair (Robert) pf _. Gamewell Co Tie _ Gannett Co pf (6) _ 4% Gar Wood Indust 11 Gaylord Cont (.10e) 4813 Gayl'd Cont pt 2.75. 6« Gen Am Invest 1013 Gen Am Inv pf (6)_. 51 Gen Am Tra 2.375g. 7 Gen Baking (.15e).. 2's Gen Bronze _ « Gen Cable _ ; Gen Cable pf 2 Gen Cigar 2 -~ Gen Cigar pt (7) ___ Gen Electric (.35e)_ Gen Foods (2) ____ 2 Gen Mills (4a) Gen Mills pf (5)_ Gen Motor { 75e) _ : Gen Motors pt (5) Gen Outdnor Ady Gen Out Ad(A) 2k Gen Print Ink 10e Gen Refractor 25e Gen Steel Cast pf Gen Telephone 1.20 Gen Thea Equ 20e Gen Time Inst .25e Gen Time:Inst pf 6 Gen Tire & R 50e Gillette Saf R (60). Glllette S R pf (5).. Gimbel Bros Glidden Co Glidden cv pf (2.25) Gobel (Adolf) Goebel Brew (20)_. : Goodrich (BF) . Goodyear T&R .T5e. Goodvear of (5) Gotham Silk Hose _ Gotham S H pf Graham.Paige Granby Consol .50e. Grand Unich x ctfs Grand Un war ctfs Granite City S _ Grant (WT) 1.20e - Great North'n pf _ Grt Nor O ctfs 75e_ Great Wn Sug (2) .. Green (HL) ((2a) .. Greyhound (1) . Grevhound pf (.55). Grumman Aircraft. Guantanamo Sugar. 3415 Hack Wat pf (1.75) 16 Hall (WF) Prtg (1) 23'% Harb-Walker (.50e) T4 Hat Corp (A) 3% Hayes Mfg Corp - 105 Hazel-Atlas Gl (5)_ 97 Hecker Prod (.60)_. 107% Helme (G W)(5a) 14 Hercules Mot 25e 100'; 87t Hercules Powd 60e 312131 Hercules P pf (6) 167% Hinde & Dauch 25e. 301s Holland Furn 50e__ 5% Hollander (A) 12‘ Holly Sugar Homestake (4.50) Houd-Her (A)(2.50) 2 Houd Her (B) 25e : Houston Of1 Howe Sound (3) Hudson Bay (1e) + Hudson & Manhat._. 4 Hudson Motor - Hupp Motor [linots Central Indust Rayon .08 _ Ingersoll-Rand (2e)x Inland Steel (2e) .. 11% Lnspiration Copper-. 5% Insurshares (.20g)_ 34 Interboro R T (r) 47% 40 Interchemical(.80e) 113 108 Interchem pf (6) .. 5 37 Intercontl Rubber.. 12% 8% Interlake iron 191% 174 [ntl Bus Mach (6a). 621 531 Intl Harvester 1.60_ 171 1573 Intl Harvest pf (7). 5% 3l [ntl Hvdro-El (A) 1415 8% Intl Mercantile Ma_ 3 5% Intl Mining (.10e) 28% Intl Nickel Can (2) 10% Intl Paper & Power 50% Intl Pap&P pf 1.25e 313 Intl Ry Cent Am 51 Intl RyCA pf 3.25k_ 313% Intl Shoe (1.50) 23% Intl Silver 3 Intl Tel & Teleg 8% Interstate Dept Str. 7% Intertype Corp .40g. 24% Island Crk Coal (2). 18% Jarvis (WB)(.375e) 67 Johns-Manville 55% Jones & Lau pf (1k) 17 Kans City Sou pf_ 11% Kayser (J) .50e. 10% Keisey-Hayes (A) Kelsey-Hayes (B) _. 90 Kendall Co pf (6a). 337% Kennecott Cop 25e 35 Kimberly-Clark (1) 2% Kinney (G R) 25% Kinney (GR) $5 pf. 24% Kresge (SS) 1.20a 25 Kress (S H)(160), 28! Kroger Groc (2) 67 Laclede Gas 15'% Lambert (.75e) 4% Lane Bryant 28% Lee Rub & T (.765e)_ 21% Leh Port Cmt .75 % Leh Valley Coal __. 2% Leh Valley RR (r)._. 21 Lehman Corp (.40e) 27 9% 24% 118 108 90Y% 80 Bales— Add 00. High. 14 45 o D 50 i 3 319 23 00 4 DO 35 B T2 =1 10 = 10k 10 53 i Y w0 S e e S e e D 0T S UM 10 5 e e @ TN T (D U e o S o @ o - » 195 510019 69 09 00 00 19 s i =3 1 00 50 89 23 80 = > = e BSOS~ 12% Lehn & Fink ,25e__. . Low. 454 Net. Close. chge. W L1+ e | 1+ 141 Lt i++ 414+ P+ ++ ERN LEEEHE VI I+ 4o 4+ 4 AL+ 0 & E I &5 Prev. 1040 High, Low. Dividend Rate 29 26% lerner Stores (2) 533% 48% Libbey-Ow-F (1¢)_ 9% 6% Libby McN & Lib 109’, 105 Lizg & Myers(B)4a 19 Lily Tullp Cup 120. 24% Lima Locomotiv 36% Link-Belt (1) 11% Lion U1l Ref u) 27% Lockheed Afro,, 33% Loew’ 2106 Loew' 18!2 Loft Ino - 42% LoneStar Cmt (3) 167% Loose-Wiles .75e 106 Loose- Wiles pf (5). 23% Lorillard (.30e) 149'% Lorillard pf (7) 5414 Louis & Nash 1.25e 23% Mack Trucks Macy (RH) Co (1le) 33's Magma Copper .50e . Manan Sugar Man Ry mod gtd(r) Man Ry m gtd cter) Man Ry gtd ct(r) . Maracaibo OfL Marine Midl'd(.20e) Market St Ry pr pf. 1 Marshall Field 40 Martin (Glen) .. Martin-Parry - Mathieson Alk 1.50_ May Dept Strs (3) Maytag Co - McCrory Strs (1y... McGraw Elee (1) McGraw- Hill (.30e) Melintyre Pore (2a) McKeesport Tin McKesson & Rob McKesson & Rpf_. Mecl.ellan Strs 40e. Mead Corp Mead Corp pt (6) Mead C pi(B)(5.50) Melville Shoe (2) ._. 2 Mengel Co - Mengel Co 6% pt 208 2 Merch & Min Trans 2340x Mesta Mach (1e) Miami Copper 20e Mid Cont Pet (.40e) Midland St1 P(1e)__ Mid St Ist pf (8) Minn-Hon Ros (2a) Minn-Hon pf B (4) . Minn-Moline imp Minneap-Moline pf_ Mission Corp ( 65g) Mo-Kan-Texas Mo-Kan-Tex pf Mo Pacific pt (r) Mohawk Carpet 250 Monsanto Ch (2) Monsanto C pf 4.50._ Montg Ward 225e Morris & Es (3 875) Motor Products _ Motor Wheei (1.60) Mueller Bruss ___ Mullins Mfg (B) Mullins Mfg pf . Munsingwear 25 Murphy (GC) (4) Murray Corp sh-Kelvinator Natl Acme (.508) tl Aviation atl Biscuit(.80e) . Natl Bd & In pt (5). Natl Cash Reg (1) Natl Cyl Gas (.20e). Natl Dairy « 80) atl Dairy pf B(7) atl Dept Stores Natl Dept S pf .30k_ Nati Distiilers «2)_ Natl Gypsum Natl Leao « 60) _ » Natl Malleable 25e Natl Pwr & Lt 60 _ Natl Steel ( 50e) __ atl Supply = Natl Supply $2 pf Natl Supply b 50 pf Natl Supply 6% pf. Natl Tea Co Natomas (.80) Neisner Bros (1) Neisner Br pt (4 Newmont Min .50e_ Newport Indus N Y Air Brake (1e) N ¥ Centrai N Y Chi & St Louis_ N YCht&StLpt N Y COmnibus (3)- ¥ Dock Btock and Bales— S.° NN YIS =B R E B 0D E 193 110 118 16 104 llb’ N H & H pf (r). Ont& Wn (). N ¥ Shipbiiding oblitt Sparks 60e orfolk & Wn (10) Nor Am Aviation Nor Am Co (1.20) No Am 5%% pt 2 875 Northern Pacific Nor'n Sta Pw pf(5). Norwalk Tire 2 Ohio Oil ¢.20e) = Oliver Farm Equip_ Omnibus Corp 1.20_. Otis Elevator .35e._. Ouis Steel & Otls Steel 1st pt Outb'd M & M .80e Owens-I11 Gl (1e) . Pac Am Fisherie: Pacific Coast _ Pac Coast 1st pt Pac Coast 2d pf Pac Finance (1.20)_ Pac Gas & Elec (2)_ Pac Mills Pac Tin Consol .20e Pac Western O .40g Packard Motor Pan-Am Alrways Pan-Am Petroleum. Panhandle Paraffine (.75e) - Paramount Pic Param't 2d pf (.60). Park Utah M.10e _. Parke Davis (.80e)_ Parker Rust (1) % Parmelee Trans.... 4 Pathe Film Patino Mines _ Penick & Ford (3) Penney «JC) (.75e). Penn Coal & Coke _ Penn-Dixie Cement. Penn Railroad (1g) Peoples GLt&C(1e) Pere Marquette pf_ Pere Marq pr pf Petrol Corp (.708) Pfeiffer Brew (1) _. Phelps Dodge .50e . Phila Co pt (6) Philip Morris (3a Phillips Petrol (2)_ Phoenix Hosiery Phoenix H pf 2.625k Plerce Ol pt Pillsbury F1 (1.60) - Pirelli Corp Pitts Coal Pitts Coal pf. Pitts Coke & Iron__ Pittsbgh Screw .150 Pitts Steel pr pf Pitts Steel 5% pf. Pitts & W Va - Plymouth Ofl 1.40_. Poor & Co (B) % Port R Am To A(r). Pressed Steel Car Pressed Sti C 1st pf. Pressed St C 2d pf _ Proctor & Gam (2a) Pub Sve (NJ) 6be__ Pub Sve(NJ)pf(6) - 4 Pub Sve(NJ)pf(7).. 24'% Pullman ( 25e) _ 8l Pure Oil 85 Pure Ofl pf () .ccem 7% Pure Ofl pt (5) _... 14 Purity Bak (.25e).. 51 Radio Corp (.20e) . 60% Radio C cv pf(3.60). 1 Radio-Keith-Ur (r). 191 Raybest-Man .25e. 15% Rayonier Inc_ —— 27 Rayonier pt (.60k). 14% Reading Co (1) 67 Reliable Stores 11% Reliance Mfg(.: 303) 8% Reming Rand (.40: 13 Reo Motor vtc ct: 18% Republic Steel - 7914 Rep Stl cv pf 7.50k_ 65 Rep Steel pf A (6). 11% Revere Copper..... Add 00. High 1274 10 49% 5 8 5 108% 1 21% 117% 117 6% 13% Net. Low. Close. chge. 27% 2T% - W Prev. High. 30% 157 11% 1940 Low. 612 Reynol 8% 12 EFE 53 42 314 14% 114 Scnenl 82 72 Schenl % % Schult 7% 4% Schul 109 1154 112 Y 17% 801 124 4% 50 6% 10% 6% bl 24 204 22% 181 13 111 1127% 112383 11 9% 241 125 215 29% LN EE S S EE FEEFFSS + Lo 1 Fa 20 58 16% By 56 T 134 ++ 14+ S o Sears Servel Sharp Sharp ++ Silver Skelly Smith Snider So Am 8.E.Gr U0+ + A+ 1 4+ Sperry Spicer Spicer Stand Stand Stand Stand Stand Stand Stand Stand 44+ HEEE L+ Stokel Stone 117 Sunsh: 45 27 14% 174 Swift Swift Symin Symin Talcot Texas ‘Therm Third Thomp : Timke: Timkes Tri-Co 91, Ulen & 3Ty Unton Union Unton Union 2 Unit A Unit A Unit B United Untted United 2 United United United Usé& U S in Ust uspy S Sty Unit S Fitd 0+ Vick CI 4441 Walke: Warne, 108 ll)."u 115 111 118% 114% 24'y 131, 407 32% 5 3l 28% 21% 28w 22y 118 1057 138 129 W Pen West'n West'n West'n Westh' Westh: 2 Wheel White White White Wilcox 4 Wilson Wilson Woolw Worth Worth Yale& Yellow Yellow Young [ 55en A0 el s 141 Zenith 2 Zonite 11:00 A M. _ L00PM. Total rIn Denkrapte Act. 20% + % 841 - 1 5 =-1% 18% - % is year stock Stock and Dividend Rate. 22% Revere Copper (A). 9% Reynolds M 437 39% Reyn Tob (B) (le). 6% Richfield O1l (.60%) 9% Roan Antclope .56g. 22% 18% Ruberoid (1.10g) ... 106 Scott Paper pf (4) Scott Paper pf 4.50_ Seaboard Afr L (r). Seaboard Of1 (1) __ Simmons Co Sloss-Sheff pf (6) _ Sloss-Sh pf (6)cald Socony-Vae .25e So Porto Sug (1) . Spiegel, Ine (.30e) Splegel Inc pf 4.50 . Square D Co (.30e) 2 Starrett (LS) .50e _ Sterling Prod (3.80) Stewart-Warner Studebaker Sun 01 (1a) Sun Ol pf (6) “« Superh. Superior 01l 4 Superior Steel Sutherl'd Pap 1.20_ Talcott (J) 20e Telautograph .10e _ Tennessee Corp Tex Gulf Prod(.10e) Tex Gulf Sul (2) n 347 & Tex Pac C&O0 (.40) _ Tex Pac Ld Tr .10g Thatcher Mfg (1) Thermotd Thompson (J R) Thomp Prod (.25e) Tide Wat Tide W A U pt 4.50 Transamerica (.50) Transcont! & W Afr Underw-Ell-F 50e Un Bag & Pap .15e) Un Tank Car 1.20a Unit Carbon (3) Unit E US Leather Leather (A) Va-Caro Chem Va Elec Pwr pf (6). Wabash pt (A)(r) Walworth Co Ward Baking (A)__ Ward Baking (B)... Ward Baking pt Wash'ton G Lt 1.50- Waukesha Mot (1) Wesson Ol & Snow West Penn E pf (6) West Penn E pf (7) W Va Pulp & P .15e. Westhse El pf( Weston El Inst . Wheel&L E pf 5. 50 Wheeling Steel 4 White Sewing Mch._ Willys-Overland Willys-Overl'd pf__ Woodward Iron 4 Worthington Pump. Wright Aero (2g)__ Wrigley (3a) Ygstwn Sh & T .2 21'% Ygstwn Stl D .25e__ Approximate Sales of Stocks on the N. Y. Stock Excham 8Unit of trading 10 snares ey O Seseiveranio or bursements fop U Onlesa stherwise ‘a0 T 22 ?Auumullud ATidends” pula Tantenr® A0, 52U lar 1 Payable in stock k Accnmulated dividends oaia or FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESIockIrendsUneven By Private Wire Direct to The Star. Bales— Add 00. High. Low. Close. chu. 2 281 W 15% 10t 435 % 10 19 als ids Spring 4414 Safeway Strs .75e__ 3 50% 49% 111% 104 Safeway 8 pf (5) . 364 St Joseph Lead (1) 19% Savage Arms (.50e) 108 41 39% 29% 28Y 13% 13% 84 83% Y 4% 4% 1077 107% s 112% 112% 7 ey Distillers. ey pf (5.60) .. e Retall 8 (r) RS8pf(r).. Roebuck (3)._ Ine (1) & Dohme __ & D pf (3.50) Shattuck (FG)(.40) Shell Un Of) (.50g)_ King (.10e).. 20% 21 114 1124 11283 279 9 22% 11% 01l (.25¢) & Coro .650___ Pkg 21% 10% Gold (.10e).. 2% I+ eyh'nd 1.60 _ Southn Cal £4 1.50a Southern Pacific Southern Rallway_ Southern Rwy pf __ s Sparks Withington. Spencer Kell (1.60). Fild) Corp (2g) Mfg (le) - Mfg pf A (3) [ Brands .20 Gas & Elec G&E $4 pt G&E $6 pr pf. G&E §7 pr pt. Ofl of Cal (1) Ofl ind (1) _. OiINJ (1a)__ T+ 0000+ y Brothers. & Webster 101 64 123'5 12315 ine Min 16! 9%, er (.50)_. + %l —1% & Co (1.20) Intl (2) = 2 2 2 1 g-Gould ww_ g-Gould xw_. 23 T4 3 = 1 1 t(J)pf 2.75 _. 40s Corp (2) % 46 46% - % 0id Pt (.75k) 7 Avenue pson-Starrett AsO .40e + HlHL I+ 4 n-Det Ax (1) n R B (.50e) ntinental 20th Century Fox .. ‘Twin Coach 4| Co (r) . Y % > |||+| Carb (1.10e) Oil(Cal).50e Pacific (6) Pac pf (4) i ireraft (2g) ir Lines iscuit pf (T) (KRR NENE Corp Corp pf (3) Drug Dyewood ng & Fy (le) Gas Imp (1) 2 Unit Mer & Mfg .50e United Paperboard For Sec pf(6) U S Gypsum (2) U S Gypsum pt (7) U S Hoftman dus Alcohol pe & Fdry (2) U S Realty & Im(r) eel (le) U S Steel pf (7) U S Tobacco (1.28) Unit Stoelyards tores (A) Univ-Cyclops S 20e Univ Pictur 1st pt 42 Vadsco Sales Vanadium hemical (2a) T (H) (4)_ 1% 22 35 26% 1813 251y T Bros Pict _ n Pw pf 4.50_ Auto S (2)_. Maryland _. Union Tel _ se A B 50e _ se Elec 1 = .50 Stl pr pf (5) Motor __ Rock — S M pr pf (2) Oft & G 10e. & Co 1&Co pf (3k) . orth (2.40) __ 2214 40% 50'y 120 - 2 91 Towne (.60). 22 Truck = 17% 17w Tr'k pf (7). 119' 119% Spg & Wire 12% 12 44 4% 22% 22 15 15% 3% 34 Pump pr pt_ Pevoprpt __ Radio (1e)_. 2 Products __. 2 3% + W -- 200,000 12:00 Noon . . 760,000 2:00 P.M Sales for the day. 1,070,000 being nized isumed. by .uei"‘ea'.:pmm"““' orego! extras or ed of pald " & Palg l‘!l " E deciarea this Copper Price Average Drops During Week By the Associated Press. NEW YORK, May 3.—Engineer- ing and Mining Journal said yes- terday that the average price of copper, net at Atlantic seaboard re- fineries (about 225 cents under Connecticut Valley) declined dur- ing the week ended yesterday to 11.025 cents a pound, compared with 11071 cents the previous week. 400 Tons of Lead Sold NEW YORK, May 3 (®)—St. Joseph Lead Co. reported 75 tons of Southeast Missouri pig lead sold yesterday at $4.95 per 100 pounds East St. Louis, 250 tons at $5.15 New York and 75 tons at the New York average. Bethlehem Reopens Buffalo Furnaces By the Associated Press. BUFFALO, N. Y, May 3—The Bethlehem Steel Co. placed - three more open hearth furnaces in oper- ation today, bringing the Buffalo area steel operating rate to 51 per 1, | administration 22 3 W | wl| L r 1, | Street and commission house ac- 1 | counts. 1 | lower; May (old), s 5 A 5 & | May | calves, | Af Close of Busy, |Erratic Session Sharp Drop Followed By Quick Recovery; Volume Climbs Stock Averages is 80 nduzst mm o) s 18.6 18.6 19.7 179 205 18.0 Net change Today, close 71.3 Prev. day . 715 Month ago. 73.0 Year ago... 643 1940 742 1940 69.9 1939 770 238 406 539 1939 588 15.7 33.7 416 60-Stock Range Since 1927: 1937-38. 1932-36. 1927-29. High ... 753 2.8 1577 Low ... 337 169 618 390 339 39.7 359 406 383 49.8 429 511 454 522 492 (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, May 3.—A sudden relapse and a quick recovery gave stocks a topsy-turvy appearance in today’s market. Leading steels, motors and rubbers tumbled 1 to more than 2 poeints in a forenoon selling rush and then, in the space of relatively few minutes, there was a rebound that substan- - | tially reduced losses or transformed them into sizable gains. The pace quickened on both moves, but turned sluggish before the finish. At the close advances were under the tops and prices well mixed. Transfers were around 1, 100,000 shares. The morning’s slump was blamed on fresh uneasiness over European | developments. The subsequent | right-about came in the wake of the President’s disclosure at his press conference he had urged Italy tc stay out of the war and that the was continuing its efforts to keep the conflict from spreading. The moderately hopefu. | tone of business news was a con- tributing bullish factor. Prominent stocks on the forwar¢ shift were United States Steel, Beth- lenem, General Motors, Glenn Mar- | tin, Baldwin Locomotive, Interna- | tional Paper common and preferred Crown Zellerbach, Rayonier and | American-Hawiian Sugar. Chrysler retrieved part of its first hour’s loss. United States Rubber common and preferred, together with Montgomery Ward. (‘e<cendf-c to New low ground for Backward were Sperry, S Kodak, Union Carbide and Loft. .. New York Cotfon | By the Associated Press. NEW YORK, May 3—A substan- * | tial rise in securities resulted in | minor rallies for cotton futures in 11ale trading today. Earlier losses jot as much as 6 to 9 points were | reduced. Buying was brisk, for trade, Wall Earlier declines followed action | of foreign markets and reports of continued favorable crop weather. Late afternoon prices were 3 to 1 10.73; May (new) March, 9.69. ures closed 4-10 lower. Hin 10, 1048 Opt 10.14 104 1087 10.61 10,04 1061 10 Cottonseed O _Bleachable cottonseed oil futures closed con May, ber, 7.07b: Oce 106, b Bid. New Orleans Prices. NEW ORLEANS, May 3 moves in Norway ' and somewhat weather in 1 tures today, | 5 to 8 poifits net Open P.—Alliec betze; market closed steady 965D Cottonseed oil closed steady Bleachable ime su low. 6.45b:" prime crude July. _6.50b 6580 October. 6.50b; Decem: Washington Produce BUTTER—93 score. tubs. 203 prints, 4-pound prints. score. tubs '4 '4-pound prinis. 1-pound prints. 2834: 90 score. tubs, Is-pound prints. 28 1-pound prints, 88 score _tubs 1,-pound prints. LIVESTOCK — Spring 10. Other 1-pound 3014 30%; 92 1-pound prints, 34 91 score. tubs. Ye-pound . prints, 1-pound prints, : 80 score. tubs t4-pound prints, 1-pound prints, lambs. 10-11; livestock prices un- available From Agricultural Prices paid net £.0.b. Wiarketing - Service. 1 ards, mediums, 16-17: U, S. for nearby ungraded eggs. current ncem( whites. 16'2: few higher; mixed colors, 1515: few higher. LIVE POULTRY- colored. all sizes, horns, 12-14 el Virginia Rocks. ali sizes 14-16: Delaware Rocks bmum and ‘fryers, all sizes, 14-16: Leghorn broilers, 3 under 2 pounds. 14: : hens, 12: few higher, and ' fryers. and up. 16 . old, toms, 1 Commodity Prices NEW YORK, May 3.—(The Associated Press weighted wholesale price index of 35 commodities today.advanced to 73.05.) Previous day. month ago, 721 4 Rio No. 7. 5la. Cost lnd f'e!lht nflmnu included Santos Bourbon 3 snd at 6.40-7.00. ‘Santos No. 4 Bires closed 7-9 ‘higher. 8250 bags. May. 5.77b: July, 5RSb: September, 5.08. 7 “A"'futures (new) 5 higher, ‘TIN—Futures cl 0. lower. Sales. 44.800. lbs. .vuDSMI dob: Seotember, 47.00b, | No'sales o lead and sine futurss, PS—Putures closed 2 to 4 Mogr 35 o July, 94.8b; October, Spot. standard tops, 99.0; 0.3 Futures closed = 5-7 highe: tons, May, 5.04; July, 6.00n; ,CRUDE Rvam- Futures closed 45 72 Rigner Rales Na. dppiandard, 237 July, To.0. Sepiember o] &80, “Bmoked " ribbed " spot, n. HIDES—Futures closed 3 higher to Sales 8.720.000 pound: ds. osune: 3.49; Septembe; 1140 e Fo. 1 Westarn 1o Light matve cows. 13b. R, STLK—Futures 1 closed 1% 2 higher. s&-lu 60 bales: 9 o fuly, 2.46b; mben 2.38Y n Nomin: New York Bar Silver lower 2. 52!: cent of capacity, highest level in six weeks. P NEW YORK, May 3 (#).—Bar sfl« ver, 34%, unchanged.