Evening Star Newspaper, May 3, 1940, Page 23

'FINANCIAL. Refail Voiume Tops Year Ago Despite Week's Decline Sales 6 to 10 Per Cent Above 1939 Marks, Review Shows By the Associated Press. NEW YORK, May 3—Buying in retail stores ai leading centers of distribution this week trailed under last week, but avcraged 6 to 10 per cent above a vear ago for the country as a whole, Dun & Brad- street reported t “Ready-to-wear coatinued to lag behind in most retail divisions,” the credit agency said. “In coat and suit departments, sales totals were | frequently running under a year ago for the season to date.” Giving a boost to total volume, however, were satisfactory home- ware and automobile business. “Sheets and pillowcases, curtains, slipcovers, electrical appliances, and summer rugs were said to be moving briskly in most cities,” the agency added. “Paint, hardware and wall- paper reached peak seasonal pro- portions after a tardy start.” ‘Wholesale trade showed up “some- what better” than retail business, | the agency reported, adding: | “While the trend of wholesale bus- | Iness was still partly obscured by spottiness, total turnover appeared to be on the upgrade compared with earlier in the year. “The most significant increase was in the number of orders. There | DOLLARL PER SHARE 80 98 Amounted to 90c Per Share in 1935. Stock Sold. Between 10.14 and 19.17 Times Earnings Earnings Amounted to 1492 Times Earnings 0 JEMAMJJASOND JFMAMIJASO 1935 1936 LETTERS AROVE ARE INITIALS OF MONTHS: J FOR JANUARY, F FOR FEBRUARY, ETC. PRICE OF U. S. RUBBER SHARES—The above chart shows changes on the New York Stock Ex- change since the start of 1935. $3.31 Per Share in 1936, Stock Sold Between4.95and THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MAY 3, 1940. arnings Amounted to 43c Per Share in 1938, Stock Sold Befween 48,84 and 131.40 Times. Earnings Amounted to- $2.21 Pe Share in 1937, Stock Sold Beiween 9.00 and 32.75 Times Earnings NDJFMAMJJASO 1937 1938 Allis-Chalmers Net Reaches $969,868, 54 Cents a Share Compares With $710,277 Auto Production [ Sags to 99,305 i Units in Week ! By the Asscciated Press. | DETROIT, May 3—Ward's Auto- motive Reports today estimated the | current week’s output of the motor | car factories at 99,305 units, com- | pared with 101450 last week and | $2.91 Per Share in 1939. Stock Sold and 18.13 Times 0 NDJFMAMIJASONDJFMAMJIJASOND JFMAMJJASOND | PINANCIAL. P P arnings Amounted to eq Between 10.74 col th Earnings pr 1939 1940 28 the U. S. Steel Receives Best Income From Tennesse2 Coal Southern Subsidiary po! |a or qu | Motor | March quarter net profit of $38409, ackfibiscloses rofit of $38,409 In First Quarter Result Contrasts With $230,329 Recorded In 1939 Period BY the Associated Prss. NEW YORK, May ' 3.—Packard Car Co. today reported ual to less than 1 cent each on i15.000.000 shares of capital stock, ! buying by mpared with $230,329, or 1 cent, in e 1939 March quarter. Motor Wheel Corp. Motor Wheel Corp. earned net ofit of $614208 in the March quarter, or 73 cents a share on cap- ital stock, against $420405, or 49 cents, in the comparable 1939 period. Plants are in Lansing, Mich. and e South. Ward Baking Co. Ward Baking Co. and subsidi- aries reported net loss for the 12 weeks ended March 23, of $259,710, compared with net loss of $90,793 in the corresponding 1939 period. Union Bag & Paper. Union Bag & Paper Corp. re- rted for the first quarter net share, compared with $153489, 12 cents a share, in the March arter last year. Canada Dry. American Chicle Votes Extra of $1.25 a Share By the Associated Press, NEW YORK, May 3.—American Chicle Co. directors today declared an extra. dividend of $1:25 and a regular quarterly dividend of $1 on the common stock, both payable June 15 to holders of record June 1. A similar extra was paid December 15 last year and on June 15 $1 extra was paid. {New York Sugar NEW YORK. May 3 (/).—Scattered new Cuban interesis on war develop- ments firmed world suzar futures today land were 15 to 1 trading, July sold at up September at 1.49%; uo Commission nouse buying and new de- mand in distant deliveries steadied domes- e contracts. with the list unchanged to 1 pisne late trading; July, 1.93; Septem- 3 Ya, T in 1.08 Offerings were light a evauebic 1.8 d Wi was avallable at cents on a bid wit shjoment Philippines at 2.90. Buvers hel The refined market was unsettled by | price concessions announced by a Southern refiner: allowing 15 points on prompt busi- ness azainst old contracts. re- fined was unchanged at 450 cents. Futures No. 1 closed 1 lower to 1 high- er. Bales, 10.350 tons. igh. in_a steady raw July = September March 2.05 No. 1 futures 1, lower Sajes. 5950 tons. July = S-ptember March | bBld income of $725431, equal to 57 cents | Baltimore Stocks | Epecial Dispatch to The Star. | . BALTIMORE. May 3.— Saies. STOCKS, H Arundel Corp 17l I80 of June shipment Cubas | Brokers’ Loans Down $4,000,000 in Week By the Assoctated 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 $476,- 000,000. For the week endea Wednesday the total represented a decrease of $4,000,000 when compared with the previous week. Loans for the corresponding week a year ago totaled $502,000,000. for construction loans and term loans from 3 to 5 years in D. C. and nearby Virginia and Maryland. REAL ESTATE MORTGAGE AND GUARANTY CORP. 1610 K St. N.W. NAtional 1403 PHOTOGRAPHY FROM THE AIR SPECIAL LIMITED OFFER The Fairchild Aerial Surveys will secure suitable air views of your project. No flying charges. showing your location. regular print price will 1 revail. No obligation. Simply send in maps or sketches We will do the rest. If satisfactory to you the Offer applies to District of Columbia and vicinity only. Immediate acceptance essential as Fairchild planes, equipment and personnel are here for a limited time only. Write FAIRCHILD AERIAL SURVEYS % Captain Nesbitt 908 -Inve:hnem Building No phone inqu Consult us: Perhaps we have in our files the exact alr view you may require. ’ \ Canada Dry Ginger Ale, Inc., and| '™ subsidiaries showed net profit for the March quarter of $100,125 after all charges, equal to 16 cents a share. This compared with $327573, or 53 cents a share, in the preceding quar- ter and $60.444, or 10 cents, in the was little change apparent in the size of individual commitments— wholesalers reported very little stock or line buying and in some lines Baitimore Transit 410 Balto Transit pfd 2 200 East Sugar As VT 40 East Sugar pf VT 30 114 Fidelity & Deposit 12 95 Pidelity & Guar 11 100 Houston Oil pf vtc 400 Mar Tex Oil Co .4 15 Phillips Pack pf 41 Merc] In First Quarter Provided $5,883,043 with 71,420 this week a year ago. s Of Last Year The trade publication said that| Daring 1939 | Syt i iy | although this week’s volume dropped | i s i h : - | BY the Associated Press. | below 100,000 units for the first time | By the Associated Press. 4 ordering was said to be practically | “NEW YORK, May 3.—Allis-Chal- | since mid-February, -the outlook for| NEW YORK, May 3—The United | “Dullness in wholesale apparel re- | mers Manufacturing Co. reported | production continues steady.” and |States Steel Corp. drew its largest 12! 12 2 First Mortgage Loans flected lagging turnover at retail.” | Rock Island Seeks Approval of Issue By the Associated Press. Trustees of the Chicago, Rock Island & Pacific Railroad asked the Interstate Commerce Commission today for authority to issue $4,500,- 000 of 2!, per cent certificates of indebtedness to replace an equal amount of outstanding 3 per cent certificates. The trustees said holders of the 8 per cent certificates had agreed to a reduction in the interest rate on condition that the railroad waive an option to redeem the certificates | equal to $120 a share, compared { = | prior to maturity, June 1, 1941. | |nyesting Compqnies |cars and leases tank, refrigerator | NEW YORK. May 3 (P -——National | Association Securities Dealers. Inc [ (Closing quotations.) | Admin Fd_2nd Inc | Aeronaut Sec Afiiliated F Inc nerex HO Am Gen Ea Am ins Inc Stocks *Bankers Nat Inv Corp A Basic Industry *B! & C 10.00 Corp Tr Acc m Cumulative Tr Depos Bk Sh Depos Ins Shrs Diversified_Tr Divid od sh Y A o SFirst t First Mutual Tr Fiscal Fund Bk Sh Fiscal Fund Ins Fixed Trust Sh A Capital Corp Investors Tr Sec Agr Sec Buil Sec _Chemical Sec Focds Sec Inves! Sec Merc! Sec Minin Sec _Petroleum Sec R R Eauip Sec Steel Sec Tobacco acorp Investors Independence Tr Sh Shrs ndising Investors Fd Keystone Custodn evstone Custodn Kevstone Custodn Keystone Custodn Kevstone Custokn Keystone Custodn ¥--stone Custodn Keystone Custodn Knvstone_Custodn Manhat Bon Fi Maryland Fund Mass Invest Tr Mutual In Nation e Sec Nation Wide Voting 11 Tnvestors Eneland Siocks B nnnXxDww & LAALALALLAA S, Nor Am Tr Sh 1958 Plymouth Fund Inc Putnam (G ) Fund Quarterly Incame Sh *Schoellkoof-Hut. & Pom Selected Am Sh Inc Selected Income Sh Sovereign_Tnvest Spencer Trask Fund Btand Uil Inc Suver of Am Tr A_ Euper of Am Tr B Suver of Am Tt AA Snpervised Shrs STrustea Stand Iny 2Trustee Stand Tny Trusteed Am Bk B Tricterd Indusiry Welineton Pond Quotations furnished bv National Asso- €ia‘ion of Securities Dealers. Ing. which h g o] D Shrs prices. are Foreign Exchange . NEW YORK. Mav 2 (™.—Sterline con- tinued to slife’ down today in the foreign money market The latest decline amounting to 3 cent in relation to the dollar. was associated by money dealers with recent reports of allied Teverses in Norway The Canadian doliar showed independ- ent stability and remained at 843 United Btates cents The French franc dipved .00% of a_cent and the belza .02 of a cent. The Swiss frane improved a bit. while the guilder was unaltered. Late rates follow (Great Britain in dol- lars. others in cents Canada, Official Canadian Control Board rates for Dnited States dollars: Buying. 10 per cent premium: selling. 11 per cent preminm. (Equivalent to discountc on Cenadien dol- lars in New York of, buying, 9.91 per cent; selling. 0.00 ver cent.) Canadian dollsr in New York opsn mar- ket. 15% ver cent discount, or 84.75 United | Btates cents. Europe. demand. TV cables ilc 3450 00-day _ bille. 44: Belgium. 16.81; Denmark. unauoted inland, 1.90n: France, 1974 Germany. 40.20n_(benevolent, 16.50): Greece 66 Huneary. 17.65n: Italy. : Netherlands, 53.09: Norway. unauoted: Portugal. 3 50n: Rumania. 55n: Sweden. S3n; Switzer- land, 22.43: Yugoslavie, 2 4n Latin Americs Argentina, official, 21 Brazil. offic! E 16.85) Great Britain 2.48: B0-dav b free, 23.00: .10: Mexico. 5n. Far East. Japan. 24.48; Hong Kong, 21.61; Shan sl 435, By hat, iy Rates in spot cables unless otherwise in- dicated. n—Nominal. ~ | 12.00 2s quoted | for the March quarter net income | of $969,868, equal to 54 cents a share on the common stock. This com- pared with $710.277, or 40 cents a share, in the 1939 March quarter. Unfilled orders on March 31 to- ltaled $21.313 400, against $19,730,594 at the close of 1939 and $12,367,518 on March 31, 1939, The company makes heavy elec- trical machinery, farm implements and other industrial equipment. Its plant is at Milwaukee, Wis. General Transportation. General American Transportation Corp. reported March quarter con: solidated net profit of $1.241.662, with 8535546, or 52 cents a share, in the March quarter last year. The company builds and repairs freight and other special types of railroad equipment. out the country. National Supply Co. National Supply Co. reported for the March quarter net profit of $426.228, compared with a loss of $232981 in the comparable period a vear ago. The company, manu- facturers of oil well equipment, pipes and engines, has three of preferred and preference outstanding, upon ail of which are accumulated dividends. Purity Bakerie: 4 | Purity Bakeries Corp. and subsid- iaries reported for the 16 weeks | ended April 20 consolidated net in- come of $288,711, equal to 37 cents a share on outstanding common stock. Phis compared with $389,640, or 51 cents a share, in the like 1939 period. Directors declared a dividend of | 25 cents a share on the common, | payable June 1 to stock of record May 15. A similar payment was made on March 1. Al]v::: Chicago Livestock CHICAGO. May 3 (United Sta o ¢ “Aericu! market® very averave. good gr bulk sel'ine at on sales: best, s a <. 9.25-50: all ~bout in line with late Thursday when market declined 15 to 25 cents: undertone still dragey at down turn_excent on strictly choice and n | steers: “heifers few odd lot. & especiallv on ey s: most canners and cutters. 4.50-6.00: with very light canners under 4.00: weighty sausage bulls un to 7 vealers fully steady at 10 50- 2 stockers and feeders scarce. strong: mostly R 00-9 th strictly good and choice vearlings. 25, Saiable sheen. 3.000: fotal. R000: late Thursday. fat lambs slow. full steadv: one douhle R2-nound. fed. Western wooled lambs. 10.65: other choice lots. 1060 iner kinds. 10.00-25: bast clipners. 940 fodav's trade fat lambe. steadv: several thles. fed. wooled Westernc IX 1095 snA 1050 with 1ieht theawante aronnd 080 best fad el with cix weeks' wWoo'. §.50: fat sheep sc stondy, o | Shert-Term Securities (Reported by Smith. Barney & Cn) S i | A1 Gt South A 3 Allechanv Corn Cy Amer Tel % Tel AS 55 41 41 512s 47 tin & Norihwest 5< 41 65 41 Chicago_Union Childs Co_5< 47 Colorado Fuel & Tron Conn & Passumpsic 45 Container Corp 5s 4 Cuba North Rys 5las 42 Delaware & Hudson 4s 43 Fed Lt & Traction 5s 42 Grand Rap & Ind 4las 41 Intl Hvdro-Elec fs 44 Intl Merc Marine 6s 41 __ Laclede Gas Licht 55 427 Take Erie & West 5s 41 Lehigh Val Term Rwy 55 41 coett & Mvers 7s 44 N Y Cent & Hudson 4s 42 Y £ Lone Branch 4s 41 T | Urah Pow & Lizht 5s 44 | Warren Bros s 41 Western N Y & Pa 4s 43 Boston Wool Market BOSTON. May 3 (# U. S. Oept. Agr.).— Inquiries for greasy: combing domestic wools were being received occasionally in Bostor today. but sales were very slow Only a few buvers would nay 36 cents in the grease delivered for counfry-nacked three-eighths and one-quarter blood bright fleeces. Moderate _auantities of good French combing sength fine original territory wools were offered at around R0-82 cents, scoured basis without attracting interest. Ton makers were bidding around 7§ cents, scoured basis. for ~Western feed Iot wool of fair combing l-nktns of fine and one-half blood grades. and thev wers able to buy small ouantities at tieir bids. London—Bur Silver LONDON. May 3 off .. (Eduivalent, dol'a™ at $4.03). B chanked —Bar silver. 21 /d. <10 cents based on 85, un- It has plants through- | % | long whites slightly weaker, demand slow: | washed, predicted 420,000 vehicles would be | assembled during May. ‘Winter Wheat Crop Improvement Brings ‘Boost in Estimates | Six Chicago Experts Increase Figures 13,000,000 Bushels dividends last year from the Ten- nessee Coal, Iron & Railroad Co,, the operating subsidiary in the Bir= mingham district. A break-down of the receipts from | the huge corporation’s subsidiaries, on file today at the Néw York Stock | Exchange after being reported to the Securities and Exchange Com- mission, showed the Southern unit contributed $5883,043 out of $39.- 536,312 in cash dividends received by the parent company in 1939. Carnegie-Illinois Steel Corp., larg- est steelmaking unit in ‘the world, operating chiefly in the Pittsburgh and Chicago areas, showed a loss of $18,888 206. American Steel & Wire Co. ducer of rolled products and $1. ye: | alloy steels, in which competition is By the Associated Press. CHICAGO, May 3.—The extent of recent improvement in the United States winter wheat crop, due to fa- vorable weather, was indicated to- day by release of the production es- timates of Chicago statisticians, who raised their figures 13,000,000 bushels | compared with a month ago. | The average of six estimates of winter wheat harvest was 441,000,000 bushels, or 15,000,000 greater than the Government's figures on April 1 | and about 41,000.000 greater than the | preliminary forecast last Decem- ber. However, because the crop got off to an unusually poort start last fall and early -, due to drought, the comin: . which will get under way within a few weeks in the Far South, will be more than 100,000,000 bushels below | last year’s production of 563,431,000 bushels. The six estimates released today ranged from 421,000,000 to 455,000,000 bushels. B Three experts estimated the size | of the winter rye crop, the average | being 31,440,000 bushels, compared | with last year's harvest of 39,249,000 | bushels. | | Dividends Announced | | NEW YORK May 3 —Dividends de- clared. Prepared by Fitch Publishing Co. Passed. Durham Hostery Mills 6 per cent pid. Parker Ru c 5-15 $1.55 5-15 6-1 Accumulated. Pe- Stock of Rate. riod. recgea Peop Wat & G $6 pf $1.50 Q 5-20 Sherwin-Willlams Co of an Lid 7, of. $3.50 Resular. Ab & Vt R R = 5 Amer Fork & Hoe Atlas Corp , Do pf Pay- abie. | 6-1 | commoil Ltd = | Crow's Nest Pass | ~ Coal Ltd Golden Cycle c Lanston Mon Mach 5 5ei1 | Ludlow Mfg Asso b Brothers ‘Thatcher Crown Zellerbach ac | Parker Rust-Proof | |Chicago Produce CHICAGO. Mav 3 Poultry. live. h Rock ' broil- wedl unchanged. Eags, orices unchanged + otatoes, 191: total U. . | shipments. 767; old stock, Idaho Russe | shightly sironger. demand 'good; Northern: a Burbanks. S. | ,2.20-30; : Minnesota | Sandland section. Green Mountains. good | quality. 1.65: Minnesota and North Dakota, | Red River Valley section, Bliss Triumphs, 65 to 85 per cent U. 8. No. 1. few sales, 3 Early Ohios. 60 to 80 per cent U. 8. No. 1. few sales, 1. :_Wisconsin Cobblers,” unclassified, 1 New _stock. supplies moderate; Texas Bliss Triumphs slightly' stronger, demand good: California | weicht, mostly 1.50- track sales, carlots and less than carlots, 50-pound sacks, Texas Bliss Triumphs. U, No. 1. cotton and burlap sack 5 unwashed. 1.25: California_long initial ice. few sales. | 35; som washed. 1 showing No. sacks ' a Bliss . unde | spoty " anc . 2 | Triumphs, 100-pound sacks. U.'S. No. 1. | | Foreign Markets LONDON. May 3 Brilish government bonds stopscu & lu.. ing hesitancy in the securities markel day. Prime Minister Chamberlain’s state- ment on Norwegian war operations acted as a deterrent to demand at.the outset, but_investment buying of gilt-edgec_issues spread to other sections. In the foreign bond market Far Eastern loans were under pressure. Industrials closed narrowly irregular. Kaffirs attracted local support but Australian golds were influenced by taxation " uncertainties. Most olls held steady. PARIS.—Bourse prices steadily gained forward momentum today. especially do- mestic industrials. Demand was _inf] enced by latest foreign exchange regul tions which led "to switching from for- elgn to domestic equities. Rentes closed 15 centimes lower to 70 higher. AMSTRRDAM.—Domestic_securitiy freely offered, with oils, rubbers and s under pressure American issues, ated narrowly with steels and ~utomobile shares better. Bonds closed lower with the exception_ of Japanese. {Lendon Tin Prices LONDON. May | £25% hid. €254 5 bid, £257 asked. ctu- BY the Associated Press. The position of the Treasury May 1, Receipts 2 Expenditures __ Net balance Working balance included Customs receipts for month Receipts for fiscal Iypenditures Ty ixcess of expenditures Groms” dent K ncrease over previou Gold assets - oo ors 987 United States Treasury Position mpared with comparable date a year e v 1. 1640, May 1. 19: 40.066.450,564.13 15,795,400,803.46 | Amer Sec & Tr Co (e8) __ | Linc ‘New York Produce (@).—Lively demand for | 1 sharp. turned in a loss of $4,537.820. United States Steel’s total equity in earnings ot Tennessee Coal, Iron & Railroad was $8,039.994, part of which was undistributed. Listed among dividends from other subsidiaries were Duluth, Missabe & Iron Range Railway Co., $5,140,625; | Pittsburgh Steamship Co, $4,914,000; Lake Superior Consolidated Iron Mines, $3,000,000; National Tube Co., $2,800,000; Bessemer & Lake Erie Railroad $2500.000; Neville Iron Mining Co., $2,000,000, Elgin, Joliet & Eastern Railway, $1910,000; Co- lumbia Stee! Co. (operating on Pa- cific Coast), $1,600000; Universal Atlas Cement Co., $1470,000, and Minnesota Iron Co, $1,000,000. | Fri Gei e Gt Ho Washington Exflge SALES—AFTER CALL. Lanston Monotype—30 at 29; 50 at Tr. 281, 20 at 28%. | Potomac Electric Power 5% % pfd.—| 1 at 11433; 1 at 11413, Capital Traction 1st 55—$1,000 at 10135, Chevy Chase Club 4! at 104%. BONDS PUBLIC UTILITY. u 45, 1957—82,000 | L v n MISCELLANEOUS. vy Chase Club 1st 4Ves 57 104 Col Country Club ist 4%as 57 103 Ter Rf & W Cp 1st 4%2s 48 103 STOCKS PUBLIC UTILITY. Amer Tel & Tel (9) Capital Transit (t50) N & W Steamboat (4) Pot Elec Pow 6¢ BANK AND TRUST COMPANY. Bank of Bethesda (75) Capital (v4) Com & Savings (v10.00) Liberty (6) Lincoln (y5) Natl Sav & Tr (4.00) Pr Georges Bk & Tr (1.60) Riges (eR) < R pfd (5) Washington (6) Loan & Trust (eR) FIRE INSURANCE i American Firemen's National Union (.75) 5 TITLE INSURANCE. Colunibia (k.30) 14 Real Estate (mt) 172 MISCELLANEOUS. Carpel Corp (2.00) Lanston Monotype (.20) Linc Serv com (2.00) Sery 7% or pld (3.50) Mergenthaler Lino (p.30) Narl Mtge & Inv ord Peoples Drug Str_com n Real Est M & G pfd (.50) Security Storage (5) 3 Ter Ref & Wh Corp (3) Wdwd & Loth com (52.00) Wdwd & Loth ofd (7) *Ex dividend. +Plus extras. d 35¢ paid in 1939 g $14.00 extra paid Decembe: K 20c extra. m S1.50 extra. P 1939. 1 50c 20. v $1.00 extra paid January, 1940 extra W NEW YORK. May 3 (# —Eggs, 13.031: | d! A 199:-21%: specials, storage-packed _fir 9-19 18i5: graded fizsts. 1%'-la: current Home H U 8 Fid Rate 1 March quarter last year. White Sewing Machine. White Sewing Machine Corp. re- ported first quarter net profit of 35,638, largest for the period in 12 ars,and comparing with $113,017 the same three months last year, ! Insurance Stocks NEW YORK May 3 (P .—National As- sociation Securities Dealer: Cas (42) Ins (1.60a) na Life (1. 3 A Equit (1) v 413 AN3L BN Bid. Asked. Prt Ky 115 i|dayv these transactions b 1015 Ve iremen’s Newark (40) _ anklin Fire (la) n_ Reinsur (1a) org Home (1a) lens Falls (1.60) Globe & Rep (12) Globe & R ut 2 Amer ins (1a) Hanover (1.20) Hartford Fire (28) me Fire Sec Ins (1.208) steady (1) (13) R2p Ins Tex (120a Ravere (Py In (12 Rhode Island Ins St Paul Fire (%) | Springfleld | 8un_Life (412a) 15 avelers (16) z & Guar (1) 8 Fire (2) Westchester (1.20a) a Also extra or jextras. Quotations furnished by National Asso- ciation of Securities Dealers | states they *do not necessarfly reflect ac- | tual transactions or firm bids or offers. but | Inc ould indicate approximate prices. . S. Treasury Notes NEW YORK. Mav 3 (P.—Prices ouoted dollars and thirty-seconds Approx Mo. Bid 1004 10115 1 10128 1 10155 1 1021 1 i 1 Yr 1940 1940 o 1038 1025 10° Z 100.18 100.20 NEW YORK, May 3 (#.—Federal Land Bank bonds: Asked. 4s s 112 1083, 107 REALTORS SINCE 1888 For Efficient PROPERTY Management WEAVER BROS in¢ ’ WASHINGTON BUILDING DISTRICT 8300 150120 receints, 16'%: mediums, dirties, No. 1. 16%%: | average checks. 15%-15. Whites: Resale of premium marks. 22 2414 3 marks, = 20-21% ards. 18'2 Resales ~f exchang heavier mediums. 17%-10%;. ~ Nearby and Midwestern mediums, 16%-3% Browns: Nearby fancy tc extra fancy, 199-21%. Nearby =nd Midwestern spe- cials, 10%: standards. i%%: mediums, 18 ek exgs, 19-20. i . 19- Butter, 59742 exira. special Armer. Creamery, 2873-29: extra (93 -01), 27%-28; sec- se. 33 irregular. Prices un- changed. Dressed _poultry firm. Frozen boxes: Turkeys. Western, young hens, 21-23%i oung _tomg, 1 Southwestern, youns hens. 15%-¥2 ! young ‘toms, 15-2. Other fresh and frozen prices unchanged. Live poultry firm. /by_{reight: Fowls, colored, 20: Legh 17. Old roosters, 1 : young toms, 16. Ducks. 1 Chickens. Rock: Broilers. 2 By_express: Rocks. 5: R Fowl; 9: Southern, 17. 27-28: medium, 26: crosses, Old roosters, 12-13. Tur. young toms, 15.” Ducks, 12. Metal Market YORK, May 3 (#).—Cobper steady; spot, Connecticut Valley, export, 1.8.5 New ofork, 1110, Jpot B, Louis wpot. and Miminm, sntimony. - o Chinese wolframite and domestic scheelite unchanged. ] b Put Your Idie Dollars to Work! Start today, invest $1.00 to $10,000! We'll put it to work earning liberal « divi- dends—you'll readily see the benefits of your investment. Your savimgs insured up to $5.000 by a» agency of the FIRST TRUST LOANS Made in Virginia, Maryland and D. C. at current rates on long time payments. NGRTAWESTERN SAVINGS & LOAN "ASSN. No. 1 Colorago Bidg. NA.7335 G Rl I which Asked.yield. 183000 Bal Tra deb 4s A 1800 Baito Trans bs A Dry Goods Market NEW YORK. May 3 ().—Selling agents In Worth street reported a_ wider inquiry foday for sheetings and coarse yard goods. particularly from bag manufacturers. Print cloths remained quiet Spot_delivery rayon sheers were in fair demand. but pigment tafletas, crepes and spun goods were less active. = New orders for rayon gray goods were estimated | siightly In excess of current production | . Woolen goods business continued to pick {up with a brisk inquiry from clothing nfacturers were inactive except for converters of sheer goods. Odd-Lot Dealings By the Associated Press. | . The Securities Commission revorted to- customers with ists on the e, 'Silkfabrics | small buying by odd-lot_dealers or special | York Stock Exchange f purchases involving sales involving R6.006 57 short sales involving shares. .57 . includin shares REAL ESTATE LOANS 4Y2%. Fred T. Nesbit : 1010 Vr. Ave “ D, 9392 Money for Construction Loans and Loans on Completed Properties (Owner occupied or rental) Favorable Rate FIRs1 CEED OF JRUST ONLY 643 tndiana Ave N.W Nat'l 0350 INSURED | SAVINGS ACCOUNT AT INTERSTATZE 1 START AN | { Join the hundreds of Washingtonians who enjoy the benefits of saving here.Every ac- count is fully insured up to $85,000. Stop in and let us giveyou complete facts today. INTERSTATE BUILDING ASSOCIATION Washington Building 15th St. & New York Ave. District 3000 Required For buying or building a home—or refinanc- ing a trust—on prop- erty in the District or nearby Maryland or Virginia, your applica- tion for a First Mort- gage Loan will have prompt consideration. Prevailing rates ond option of these plans: 3-Year Straight Loans Mamhly"Pa_nmem Loans Also F. H. A. Facilities Ample funds are available imme e, Peoples Plan FOR OWNING YOUR HOME Small Monthly Payments Peoples Life Insurance (. A Wasnington Institution 14th & H Sts. N.W. National 3581 B e ) BUILDING —BUYING - REFINANCING Columbia Federal Loan will solve your Spring building problems. ® All monthly payments applied directly to loan bal- ance. ® No commissions newal charges or re- ® No red tape or waiting. Loans Available in D. C. or Nearby Maryland and Virginia 3 3 OLUMBIAFEDERAL SAVINGS L LOAN ASSOCIATION 716 11th Street N.W. principal. 915 F ST. N.W, A HOME NAtional 6543 Baaa OF IMERGVER D, C. AND NEARBY MARYLAND PROPERTY For buying, rebuilding or refinancing at prevailing rates of interest. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of Equitable Co-operative Building Association ORGANIZED 1879 “.7 e %ah'ona/ lgermanenl <H WILL MAKE YOU LOAN Without A Commission Charge In purchasing, building or refinancing a home, this is a very important item—it means the immediate saving of several hundred dollars which can be applied on the reduction of your loam. Another economical feature of our method of ‘financing is that your loan is made at current rate of interest and is spread over a period of years —thus you are saved the expense of costly renewals. Come in and let us discuss this matter with you. NATIONAL PERMANENT UNDER SUPERVISION OF UNITED STATES, TREASURY 719 TENTH STREET, N. W. MEMBER OF: Home Loan League o NATIONAL 0254 Logn Bank System e United States Building and District of Columbia Building and Loan League SNSRI e R e e o R 5 \