Evening Star Newspaper, May 6, 1940, Page 17

FINANCIAL. Corporation Bonds Gain as Foreign Issues Ease British, Scandinavian Sections Prominent In New Decline Bond Averages 20 10 10 10 Ralls. Indust. Util. F'an, Net change_ unc. +.1 unc. —.3 'Today, close 58.5*103.5 97.0 46.3 Prev.day... 5851034 97.0 466 Month ago. 59.8102.7 97.5 53.0 Yearago. .. 550 985 944 59.7 1940 high_. 59.9103.5 975 53.5 1940 low... 56.6101.9 46.3 1939 high.. 64.9102.0 64.0 1939 low... 534 95.8 417 10 Low-Yield Bonds. Close _...113.1 Prev.day 113.1 M'nth ago 113.1 Year ago. 111.5 1940 high113.1 1940 low. 1115 1939 high 112.6 1939 low. 103.6 *New high. (Compliled by the Associated Press.) BY the Associated Press. NEW YORK, May 6—Further declines were recorded in British Empire, Scandinavian and other foreign bonds today while selected Gomestic corporate issues moved higher. In the foreign division, with Ger- man claiming important victories over British naval units, losses rang- ing to more than 2 points showed in late trading in New South Wales 5s, Australia 4!%s, Canadian National Railway 4%s, Sydney 5!2s and Nor- way 4%s. Oslo City 42s of 1955 plunged 15 points on sale of a single bond and Norway Municipalities Bank 5s lost 27 at 23 when one bond changed hands. Improved among domestic issues were Baltimore & Ohio convertibles, Chicago & Northwestern 43;s, Erie 5s of "15, Pennsylvania general 4ls of '65, American Telephone 3!4s of ’66, Bethlehem Steel 3'¢s and Mon- tana Power 33s. Giving up fractions were Frisco 41,5 of '78, Anaconda Copper 4':s, International Paper 5s, Remington Rand 4lss, with warrants, Shell | Union 2':s and Pacific Gas 33s. United States Governments tend- ed a shade lower in light dealings. Aviation Firms Bare Terms on New Stock By the Associated Press. NEW YORK, May 6—Two avia- tion companies which announced previously plans for issuance of new | common stock for expansion dis- closed terms for stockholders’ sub- scriptions for the additional shares. Eastern Air Lines fixed a price of $32 a share for .its offering of not in excess of 110909 shares to present stockholders who may sub- scribe in the ratio of one-fourth share for each share now held. A Boeing Airplane Co. offering of 360979 new shares to present stockholders will go at $16 a share at the rate of one share for each two held. Meat Packers Announce Big Advertising Drive By the Associated Press. CHICAGO, May 6.—The Institute | of American Meat Packers announc- ed today that the healthful qualities | of meat and its place in a balanced diet would be featured in one of the most extensive advertising and | merchandising programs ever under- taken by an industry. George A. Schmidt, chairman of the board of the institute and presi- dent of Stahl-Meyer, Inc, of New York, commenting on the program, said, “Many people in America need more meat for a balanced diet. Dur- ing the last five years the consump- tion of meat and lard averaged only about 12 per cent greater than dur- ing a similar period 25 years ago. Nevertheless, our population has in- creased about 40 per cent as com- pared with a quarter century ago.” The advertising campaign, the institute said, would be Nation-wide and long range. Commodity Prices NEW YORK, May G-_-The Associated Press weighted wholesale price index of 3! commodities today declined Miscellaneous Markets, Additional New York markecs, piied by the Associated Press: ZINC—Futures closed | 60.000 pounds. Octot STRAITS TIN—Futures closed 10 lower. e July, 46.60n. No Santos No. 4, ; ost and freieht oftettngs Imehided Santos Bourbon, 3t and 85 at 84075 00, Sanios No 4 "D farures closed tnchanged. Sale gs. May, 770: Julv. BARN: September. 3080, Rio Ria % AN e Gews. nehanked. No as com- lower, sales sales, 11.200 pounds, eales in_lead futures. FEE—Snot, duiet, -7 sales, Woor TOPS_—_Futures ranged 1 higher lower. May, 86.0: July, Oc- er, 4.8 “Spot, '99.0. unchange COESA—_Putures closed echunyed i lIht‘r Sales 4636 tons. May. 5.9 6.00: September. RAW HIDES. Fatures closed 4- -10 €ales, 3.400,000 pounds. June, Beptember, 13.66b Deécember, No. 1 Western light native cows. E_RUBBER—Futures closed Sales No. 1 standard. 140 . _15.80n: July, 19.60; 07, Smoked ' ribbed 0. AW SILK—Futures No. 1 closed 47 bigher, Seles 770 bales, | May, 2.37b; July. 2.52%; September, 2.44%. D Bid. e Nominal. Sanderd’ tove 3n. 8-16 con- Sep: spot, New York Sugar NEW YORK, May 6 (7.—S8ugar futures displayed irregularity today as attention centered on the refined market. Eastern cane refiners met competition in Southern , with special allowances and with- against existing contracts. The official price was unchanged at 4.50 cents. Cuban_interests and commission houses ‘bought dcmeutlc contracts. Midafternoon fl‘&“ held even, July, 1.93: September. World futures were up % to 1 low With July selling at 1.49; September. 1. 48, a: Futu 0. ed 1 hi sariiares No. 8 cios unm to 1 lower. mm. Close. 1.93 1 fl“h e 198 1'98b No. 4 tun.u-es P nieher ¥ 1 tower. Bales. 1.530 te July 2180 1.49 1.49%b September - 140 148 148130 ember___ 1.30% 1330 1.50b b Bid. Reichsbank Statement BERLIN, May 6 (P —The Reichsbank tatement as of May 6 showed (in thou- ds of Reichsma Gold and forelgn exchange, 77,509: in- crease. 306 f exchanse and checks, 12,187 increase. 7.009. \883; increase, 377,- irculation, 12,479.837; Increase. 964, | Urus% -4-4%sadi 79 THE EVENING STAR, WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE By orivate wire direct to The Star, Approximate Transactions Today. Domestio Bonds..... Forelgn Bonds._.. U S Govt Bonds .. TREASURY. High. Low. 238 1951-63____ 104.1 104.1 2%s 1945-47 2% 1951-54_. 2% 5 1956-59._ 2%s 1968-63._ 2% 1960-85__ 108.1 108.1 107. 3,200,000 590,000 90,000 Close. 104.1 109.16 109.16 109.16 108.1 107.7 1074 107.7 106.26 106.26 106.26 107. 10 108.10 108.5 108.10 1916-(9 -—e 111.29 111.26 111.29 109.18 109.15 109.18 - 109.7 109.7 109.7 - 114,28 114.2% 114,28 114.20 114.20 114.20 4% 1947-52 HOME OWNERS' LOAN 2%51942-44 33 1944-52 NEW YORK CITY BONDS 351980 B wi - 96% 98l 381980 Iwi - 9% 95% FOREIGN BONDS. High, abitibl P&P 6s 63___. Antioquia T8 45 A Antioquia 1st 78 67 Antwerp is 68 - Argentine 48 72 Feb_. Argentine ¢s 72 Apr.. Argentine 4 %s 48 _ Argentine 4 %s 71 Australla 4 %8 56 Australis 58 55 _ Australia 68 57 Belzium 6s 65 Belgium 6348 49 Relgtum 7= A5 Berlin C E1 6%s 51 Brazil 61%s 1926-57 Brazil 6%s 1927-67 _ Brazil C Ry Fl 78 52 _. Breda Ernesto 7s 54 Buenos Alres 4%s 77 Buen Alr 4%s Aug 76 Canads 2%s ¢4 _ Canada 2% 45 Canada 3s 67 Canada 3s 68 Canada 3%= 61 Canada 4s 60 Canads os 62 Chile €s 60 axsd Chile 6s 61 Jan _____ Chile 6s 61 Jan assd _ Chile 7s 42 Chile Mtg B 6s 61 asd Colombia s 61 Jan _ Colombia s 61 Oct__ Copenhazen b= F2 Cordobs Prov 7s 42 Cuba 434877 Cuba 5% s 45 Denmark 6= 42 __ Dominic 2d 5165 40 _. Dominfe 15t 5% s 42__ Dom 1st 5%s 69 ext__ French Gov 7s 49 ___ Ger C A Bk 6s 60 July 15'% Ger Govt b%s 65 _ 14% GerG5%s65unst__. T4 German Govt 7s 49__. 14 Hait! 6s 52 £214 Hungary 4%s 79 ext. 227 Italy 78 51 48Yy Japan 5%s 65 64y, Japan 6%s 64 _____ Lombard 1 76 62 ___. Mendoza 4s 54 e Met Water 5%s50___ Milan 6%s 52 == New So Wales 5s 58 _. Norway 4s 63 _. Norway 41 s 65 Norway 4% = 66 Norwav 63 43 Norwav 6s 44 Norw Mun Bk 5s 404_ Orfental Dev 6s 53 Oslo 43865 __ Panama fs 63 stasd._. 551y 115'% 115% 15% Riode Jan 6%s 53___ Rome 63%s 52 Sante Fe Prov 4s 64 Sao PauloC 618 57 Sao Paulo St 78 40 Serbs 7s 62 - Shin’su E P 6148 52 Sydney 5%855 __ Taiwan Elec 618 71_ | Tokyo City b%s 61. Tokyo El Lt 6s 63 _ Rig 337% 10% 611y 63 57 5915 601% 524 364 6214 DOMESTIC BONDS. Alleg Corp bs 44 81t Alleg Corpbs 49 __ 7315 Alleg Corp 63 60 std . 44'% Allled Stores 43361 9915 Allis-Chalmers ¢s 62 107% Am & For Pw 6s 2030 Am Int1 6% 49 ____. AmT& T 3%s 61 AmT&T3%s GC AmT&TS6 Am Wat Wk Anaconda db 4348 50 Armour(Del)1st4s 56 Armour(Del)4s 67 __ A T&S Fead) 4s95._ A T&S Fe ad) 4s 95 st A T&S Fe gen ¢s 95._ AT&SFedl%sds. A T&S Fe A 4%5s 62 A T&SF RMt dv 4s 65 Atlanta & Birm 4s 33. At Cosst L 18t 48 52_ Atl Co: Lelt 4s52_ Atl Coast L 4%s 64__ Atl Coast L bs 45 AtIGulf & W 1 58 69 B&O1Ist4s4es _ B & O cv 60s std B&O 1st std ___ B & O 95 A stamped__ B & O 95 C stamped __. B & O 96 F stamped ... B&O 2000 Dstpd . B&OPLE&WVa4s5ist Bang & Aroos 6s 43 _ Bell T of Pa 53 48 B Bllh Steel 33 59 P B & Mo 4¥%s Il 33 Bos & Me 6a 55 Boston & Me bs 55 st_ Bon & Me 6s 67 Boston & Me 55 67 st Bklyn C RR bs 41 cfs Bklyn Ed cn 3%s 66 RkIvn Man 4168 G ot BkIn QC&S 1st 5sdlct Bk Qu C&S cn 6841 ct. Bklyn Un El 6s 50 ct. Bklyn Un Gas 63 45 Bklyn Un 6850 _ Bklvh UnG 6= 67 B Buff Roch & P 67 std_ Bush Term cn 68 65 _ Bush Ter Bldg 68 60. Calif Oreg Pwr Cansdian NR 4 1| Can NR 4%8 56 Venetian M G B 7s 52 Yokohama 6= &1 61 p([w 105 Can NR 63 69 July_... Can NR 6s 69 Oct.... Can Nor 6%s 46 ____ 1 Can Pac db ¢s perp... Can Pac %8 46 . Can Pac €%8 60.cee.. Can Pac 68 ¢4 ccaean. Can Pac 4 Car & Gen Cent N Eng Centof NJ Cent of NJ g Cent N J gn 6 Cent Pac 1st rt Cent Pacific 6 60 Cert'd deb b6 %s 48 Cham P&F 4%s 35-50 Champ Pa ¢3%s 38-50. Ches & O 3%s 96 D Chi B&Q ¢ %8 77 Chi Burl & Q68 71 C B&Q 111 div 315 49 C B&Q 111 div 43 4¥. Chi & B 111 63 61 Chi Grt West ¢s 69_.. CM&StP 414389 C.. CM&StP ¢ 48 ght deposits. 1,714,187; increase, 62,~ rve ratio, 0.62 per cent. rate, 3% Dper cent, Chi& NW ov ¢%s ¢9. 120.28 120.26 120.26 104.12 104.12 104.12 107.24 107.24 107.24 96% 95% Low. Close. 554 17’% 60‘1 80Y% 25 T Ti% 5 115% 15% 14% T% 14 821 22% 48y 6414 874 103% 103% 86 86% 106% 10414 1081 High. Low. Close. 6% 6u 6% 6% 5% 164 16% 7 7 ChiRI&Prfdsdd._.. Chi RI&P rf 4s 34 ct.. Chi RI&P gen 48 88__ ChiRI&P ¢ %863 A . Chi K1&P4%8562A cfs Chi TH&S inc 68 60 Chi Un Sta 48 ¢4 Ch1 & W Ind ov 48 Ch! & W ind ¢ % Childs & Cobs 43 __ CCC&StL rf ¢ 448 71.. Clev Un Ter ¢ ¥.s 77.. Clev Un Term 68 73 ._ Clev Un Ter 618 73.. ColoF&Ir6s70. .. Colo& So¢%s80 ___ Col G & E bs 62 May. Col G & E 6s 61 Colum RP&L 4s 6| Comw Ed 8 %4 68 Comw Ed 3%s 68 Cons Coal Del 68 60 Cons EdN ¥ 3% Cons ENY db 38 48 Cons EAN Y 3% 68 Cansol Of] $%4s61___ Consol Rys s 54 Consum Pw 1st 3% 69 Consum Pwr 3145 66 Consum Pwr 348 70. Container 6s 46 ____. Contl O1l 2% s 48 Crown C&S 4s 650 Crown C& S 4148 48 Crucible Steel ¢ 4%s 8 Cubs Northn 6%s 42. Cuba RR7%s46A__. Del & Hud ref ¢s 43 Den & R G con 48 Den& RG4%836 _ D& RG W bs 56 ast . Den& RG W rf 65 78 Det Edison 45685 __. Det Edison ¢34s 61 _. DetTer&Tun 418 61_ Dow Chemical 3s 51 _. Duluth SS&Tt] 68 37. Duquesne Lt 3%n 65. East R Minn 4s 48 Eriecv ¢s 63 A 5% 16% 7 8 50 103% 4% 94y Erle ref 68 67 _. - Erte ref 63 76 Erie & Jersey Fairbks Morse 4s 66_. Firestone T 3348 ¢! FlaECRy687« ___. Gen Cable 5448 47 __. Gen Mot Aco 33 51. Gen St1 Cast blgs 49 Goodrich 4 %8 56 Goth Silk H 5s 46 ww. Grt Nor Ry 3%867._ Grt Nor Ry 48 46G__ Grt Nor Ry 4s 46 H _ Grt NR gn ¢%s 17 B. Grt Nor Ry 6873 __ Grt Nor Ry 6%=s 52 Green Bay & W db B. Gulf Sta Sti 438 61 Gulf St Uil 3% Har Riv & P 48 54 _. Housatonic cn bs 37 Houston U1l 4 %8s b‘_. Hudson Coal Hud & Man ref bs 51 111 Bell Tel 3%s 70 B. 111 Cent ext 3138 51_. 111 Cent s 63 111 Cent ref ¢s 55 11 Cent 4% 68 111 Cent ref 6s 55 __ IllCent St L 3%s51.. ICC&ST NO ¢ %45 63_. ICC&StL NO 68 63 A Indust Rayon 4%s 48 int R T 1st rt 68 66 Int R T 1st rf 63 66 ct Inter RT 7832 Int RT 7832 ct Interlake Iron 4s 47 Int Grt Nor 58 66 B._. Int Grt Nor 6566 C_ . Int Grt Nor 1at 6s 53. Int Hydro E] 6s 44 Int Mer Mar 6s 41 Int Paper 1st 68 47 Int Paper ref 6s 65 Int T&T 4%8 62 (nt T&T 68 66 Jones & L Stl 4% 63 Kans City So3s 60 _. Kans City 8o rf 68 50 Kan City Term 45 60. Kings Co Lt 55 54 Laclede Gas bs ¢2__.. Laclede Gas 63 42 A Leh Val C6s 64 std_.. Leh Val C 53 64 std_. Leh Val C6s 74 std._ Leh V NY 418 40 lld L V RK 48 200 Lv RRI%IIQOIM L V RR 68 2003 asd _ Libby MeN&L s 565._.. LIRR & Myers 78 44 _ 1 Liquid Carbon 4s 47_. Loew's 3% s 46 e Lone Star G 3%s653_. Long Is!d ref 43 49 _ Lorillard 7s 44 __ La & Ark bs 69 L& N 6s 2003 B_ MeKesson&R 6% s 50 Manhat Ry ¢s 90 Manhat Ry 4890 ¢ Mich Cons Gas 4s 63._ Mil Nocon 4%839___ MStP&SSMcn 4s 38_. MStP&SSM 6s 38 gtd. MStP&SSM 638 49.. MoK & T 1st 48 90___ Mo Pac 48175 _ Mo Pacbs65 A _____ Mo Pac 6s 65 A et Mo Pacbs 71 F._____ MoPac6s78G@ _... Mo Pac 63 78 G Ctouee Mo Fac 6s 80 H. Mo Pac 6881 1 - Mob & Ohto ¢ %8 77 Mob & Ohlo bs 3% __ Mob & Ohio 5s 38 ct._. Mob & O Mont 6s 77 Monong PS 4 Monong P 8 68 6 Mont Pwr 3% s 66 _ Morris & Es 41s 65 Mount StT&T 3% 68 Nassau El 4s 61 ctfs Nat Dairy 3% s 61 ww Nat Steel 3s 65 ——a New Eng RR 4s 45 __ New E T&T 1st b3 62 New Jer-P&L 4%s 60 New Orl PS 6866 B_ New Url T&M 6348 64 N ¥ Central 3% s 53.. N ¥ Central 3%s N Y Central s Y Centcon ¢s 98 ___ 1104 1% 103% 324 109% 109% 54% B5 106% 106% 10! [e] & i - F - 9 S - > ent rf 68 !0)!.. 'hi&StL ¢3%s 78. &StL 648 74 A. hi & St L 6s 41 onn 1st 4%8 53, EGOGOOOD ZZ2Z mogzzz 3 1094 109% 1064 1064 6% BW b 103% 10814 1034 16% 16 16 16% 15% 15% 126 125% 126 123 128 128 5. G 6s Bl,_-_ hB L3 ] KL ——, Niag 8h 6%s 60 Nort Southn b Norf Southn & ot Nort & W 1st4g 96 .. Norf&W 1st 4s 96 rg.. North Am 334s 108 106 108 North Am 3%s 5. 106% 106% 106% North Am eeeee 108% 108% 108% Nor'n Ohio 6845____. 61 ° 61 Nor'n Pac gn ll 2061° 421 424 69% 4T%h ZZ2ZZZ222222222222 i S g g g 1 1 a0 bk Nor'n Pac 68 2047C_. Nor'n Pac 68 2047 D_. Nor'n Pac 683047 . North Sta Pw 3148 &7 Ohio Edison 3%s 73. Ohto Edison Ohio Edison ¢s Ont Pwr Niag bs Ureg Sh Line 58 46 Oregon W RR ¢s Otis Steel ¢ 148 62 _, 109% 109% 107% 107% 1087 108% 1044% 104's 117t 117% 106% 106% 8% 18% 111% 111% 113 13 113 86 84 84 104 103% 103% 424 42% 424 Penn Dixie C6s41 A. 97 97 1.... 101% 101% 101% - 109% 109% 100% 4 e 109 - 108% 100 Penn RR 343 "_._. 7% 87% 874 Penn RR3%s70... 91% 91k 914 58% 8% | 370 109% 109% High. Low. Close, 99% 98% 994 99% 99 994 104 103% 103% 80% 90 90% 110% 110% 110% 116% 116% 116% 113% 113% Penn RR¢Us81____. Penn RR 44884 Penn RR gn ¢ 48 6b... PhilaRC& lr 673 Phila RC& ir6s49.. Philippine Ry ¢ 37__ Phillips Petrol 3, PCC&StL ¢ %8 71 109% 109% 100 100 107% 107% 100% 100% 51% B1% 4% T1% 80 80% 244 244 109% 110 103% 103% 58 Postal Tel & C 58 63 Pub Sve N [11 3348 65. Purity Baking 68 48 .. Reading Jer C¢s 51__ Rem R'd ¢4s Rem Rand ¢%s 66 xw Republic Stl ¢ %= 66 Republic Stl 4 448 Republic St} 6% s 64 Revere Cop 4%s56__ 8t L IM&S R&G 48 33 St L Pub Ser 5s 59__. St L-San Frés60 A_. St L-San FrdsB0ct.. St L-£an Fre%s 78 _ St L-SF4%s78ctst StLSWist4s89 St L8 W ref bs 90 St P Un Deprf n A&A Pass 45 43 Schulco 6%s 46 B stp Seabd A L rf 4s 69 Seabd A L 65 45 et Shell Un O11 2%s 64, Simmons Co ¢s 52_. Socony Vac 3s 64 SoBell T& T8s 79 _ Southn Cal G ¢%s 61. So Colo Pwr 65 47 A Southn Kraft 4% s 46 So Natl G 4 %s 51 So Pac 3%w» ¢6 So Pac col 48 49 So Pac col 45 49 reg... So Pac ref ¢s 6! SoPac4%s69._____. So Pac ¢%s 81 So Pac Oreg ¢%s 17-. SoRygen ¢s 66 A_._. So Ry 6s 94 - 8o Ry gen 61 56. So Ry 6148 66 S W Bell Tel Stand 011 N J Studebaker cv Ter RR As StL bs ¢4 Texas Corp 3%s 61 Texas & Pac 6879 C._. Tide Wat Of1 l%l [N Un El(Mo)3%s62 _ Union Of1(Cal)3s 69... Un Pacific3%s8 71 .. Un Pacific 18t 4s 47 Un Pac ref 4s 2008 ___ Un Pao 1st 65 2008___ United Drug 6s 63 .. USSteel 3%s48 __ Utd Stkydss % a51ww. Utah L&T 58 44 Utah Pwr & Lt 55 ¢4 Utility P& L5559 __ Utility P& L 5%5 47. VaEI&P3%s68B__ 111 Va Ry I1st 3%® 66.... 109 Wabash ¢%s 78 C_.. 1 Wabash 1st 68 39 “" Wabash T&C 45 41 41 Walker H&S 438 45 105 Walworth 4s 65 63 Warren Bros cv 6s 41 31 Westcht L gn 33%s 67 110% West Sh 1=t 48 2361 46'5 West Va P&P 38 54. 102 West Md 1st 45 62 B4 West Md B%I'l'l 9244 West Pac bi 1615 West Union us- 50__ 6315 West Union 63 61 68 West Union 6s 60 6615 Wheel Steel ¢ 101% Wilson & Co 1064% Wis Cent 18t gn ¢s €9 22 WisCS&D T 4836 _ WisCS&D T 4836 ct. Wis El Pw 338 68 Wis Pub Svo ¢s 61_ Youngst'n S&T ¢s Youngst'n S&T 48 ¢1. 106!‘ 3 107T% 104 98 ¢ 11416 1081 10883 87's 10343 92'5 1031, 103% 891y 891 84 814 109% 110 1051 106% 106} Navy Advertises for Bids On Three Submarines By the Ascociated Press. The Navy today advertised for bids from private yards to be opened here Wednesday, June 5, on con- struction of three 1500-ton sub- marines. Bids will be received on the basis of one, two or three ships. These three and three other sub- marines to be assigned to Navy yards for construction will be pro- vided for in the 1941 naval supply bill now pending in Congress. Funds will become available July 1. Assignments of construction of three vessels to Navy yards will be made after receipt of the private yard bids and award of contracts. The six submarines will raise the total current submarine program to 20. Fourteen now are under con- struction, of which four, the Tam- bor, Tautog, Thresher and Triton, have been launched. Bida on machinery for all six ves- sels will be received May 15. Esti- mates place the cost of that type ship at around $6,000,000. The sub- marines, not yet named, are desig- nated by numbers from §8212 to 217. Dividend Increased By Brunswick-Balke By the Associated Press. CHICAGO, May 6.—Directors of Brunswick-Balke-Collender Co. to- day declared a dividend of 50 cents a share on the outstanding common stock, payable June 15 to stock of record June 5. The company paid 25 cents a share three months ear- lier and a year ago. *R. P. Bensinger, president, pointed out that prospects for 1940 war= ranted the increased disbursement. Total payments for 1939 were $2.75 % | & share. Visible Grain Supply NEW YORK, May 6 (#).—¥isible supply of American grain showed the following changes from a week ago (in bushels): Wheat increased 1,065,000; corn decreased 854,000; oats decreased 256,000; rye decreased 4,000; barley decreased 356,000, Chicago Livestock 3 )LI! 6 (m.—(United States Serchee Yo atieuitire — daltis 15.0 21,000; nurkn ig.gg clwke 180- unds, 5.1 55 270-350_ pounds. 120-170 pounds 5 ;7-‘5 Jo¥s . few ‘imofl'&h lilhtwellhtl -bov: AH).. " Salable cattle, 11. oon nl.ma calves, 1,000; common and medium grades fed Sicers sieady Both on ‘Killers. and ment _account; - such cattle selling down: all other steers and_yearl to 25 lower: mostly 10-15 off: lnd ordzr bunrl going very slow: blddlnl ‘more : earl: 11.25 Vealers weak 1 few vulecua 18 00- to0 900 pounds stock sf 2.50: with n-mv. arli ldlbl' it eath mdm: on, a4 e 10, it li Ar ST ‘S& T-nfi-”’g 1ding 88 i n.w! D. Woolworth Volume Lags 8.2 Per Cent Behind Year Ago April Sales Smaller, But 4-Month Total Shows Increase By the Associated Press, NEW YORK, May 6.—F. W, ‘Woolworth Co. today reported April sales of $23,774,100, a decrease of 8.2 per cent from $25910,160 in April last year. Sales for the first four months of the year totaled $93,947,725, a gain of 5.1 per cent from $89,361,898 in the comparable 1939 period. The decline from April last year, retail quarters said, was due largely to the Easter holidays, which came in March this year and in April last, Allies Inquire About Prices of U. S. Textiles y the Associated Press. NEW YORK, May 6.—Allied pur- chasing agents were reported in trade circles today to have sounded out the textile market for prices on cotton ducks and khaki for ship- ment to Europe, presumnbly for mil- itary needs. Similar feelers o ntextile orders were said to have been made in Canada. Several .weeks ago France was rumored in the textile market here for substantial quantities of heavy duck for tents. So far as could be learned, actual orders were deferred. Small Gain Recorded By Insurance Shares Special Dispatch to The Star. NEW YORK, May 6.—Insurance stocks in the New York City market moved up slightly during the past week, according to figures compiled by Hoit, Rose & Troster. The aggregate market value of 20 leading fire and casualty insurance issues on Friday, May 3, was $619.- 927,000, compared with $616,567,000 at the close of the previous week, an increase of $3,160,000, or 0.51 per cent. The current average. yield of the 20 issues is 3.85 per cent, compared with a yield of 3.87 per cent on April 26. The current market value equals 1.03 times the reported liqui- dating value, against 1.02 times on April 26, Mutual Savings Bank Deposits Set Record By the Associated Press. NEW YORK, May 6.—Mutual sav- ings banks have established record highs in 1940 for deposits, number of depositors and total assets, the National Association of MutuaiSav- ings Banks said today. In the past 20 years, the asso- ciation reported, the number of depositors has increased from slightly more than 9,000,000 to 15,- 500,000 persons. In the same:.period deposm hnve risen from $5.000,000,000 to lppruxz- mately $10,500,000,000. - Chicago Stock Market CHICAGO. May 6 (P —Following_is the gomplete List of transactions on the Chicago Stock Exchange_todi Sales. STOCK! . Low. C‘lflle 67% 673 50 50, 3% 3% 100 Allied_Proa 20 Allis-Ch- Mfg o10Am Pub Sye pf 85 Am Tel & Tel luunms & Laughlin_ 250 Borg-Warner 20 Bunte Bros 100 Butler "Bros 100 Cen 1t Fb. Sve of 400 Cen 1l nz Sz PEESTS 9 SRS 100 Chrysler Corp. 400 Cities Serv’ 1200 Comwith Edis $90 Compressed Ind G 1 Con Biscuit __ (o FESTEESSE Ligis ok 13 s T CAST R HIRE s o el Y SIS FEF : 3235w n S o 5 et 20 BB IR DD S aea Ban 0 No Weat Up 7o Dt 0 Onur 1o Mu% p_ enn R R PCODI!! Ga 1000 Efples as 14C SRR Somaon ) Wi 20h8 SR D SemoSannoe REEFR FEASR RRR RESES Wi 20k o - wart-warn 2% sunm-na M Tool t & Co 100 St 4% 77 Texas_Corp DO B1 3 omce 05 Bt 8131329 41 pubrt NS Dk 11 e 95 & & FSEF Booioo magists & HEBSE R & goal FEEESSEN, on col 5 Consol Pow DL SOEMR: Suear of “’0 ide] Dermi - 126 6 12 Pidell'g & Ollil'_ 30% g diaslel s & 5 R in; 4 p % 216U 8 ;ldel & Guar 2% 21% 21 34% 34 o $4000 Balt Tr deb 95 A" 34% a3 iy 200 Balto Trans 55 A. 40% 40 Steel Quotations NEW' YORK. May 6 (#.—Steel 00 pounds, l.n.b.‘Ht%fi sh 'a,u‘if’ Bieet ars. ilfi. C, MONDAY, MAY: 6, 1840, FINANCIAL. NEW YORK CURB MARKET By srivate wire direct to The Star. Stock ai nd Bales— Dividend Rate. Add 00. High. Low. Close, Aero Sup B .20g_. Alr Assoc’ (.50, Afr Investor: Allied Prod ( Alum C6 Am ( )a Alum Co pt (8) Alum Industr! Alum Ltd pt (6) Am City P&L(B) Am Cynam B.60. Am Export .26« Am Gas & B 1.60 Am Hard Rubber. Am Lt&Trao 1.20 Am Maracaibo . Am Meter(1.50e). Am’Republics Am Superpow. Am Thread pt Apex El Mfg .26¢. Ark NatGas____. Ark Nat Gas(A) Ark Nat G pf .60k Ark P& L pf (1) Art Metal W .150_ Ashland O&R .40 Assoc El Ind.241e Asso G&E (A)(r) At] Coasnt Fish _ Atlas Plyw .625e. Auto Vot M (.50). Aviation & Trans Babcock & W.20e. Baldwin Lo war. Bardstown Dist_. Bath Iron Beech Atrcraft Bellanca Atrcraft Bell Atrerhft k Q Gly Fur.. Blis: - Born. Serymur. Bourjols (1g) _. Breese Corp .50g. Brewster Aero _. Bridgp't Machine Bridgp't Mch pf_. Brill (A) Brill (B) Brill pf . Brit-Am Ofl ¢ Brown Co pf (r)_ Brown For Dist._. Brown Rubber Buckeye P L (2¢) B N&EP of 1.60 _ Bunker Hill .50e_ Callite Tungsten. Can Col Afrwi Can Mar W .0 Carib Syndicat Clmar Corp ico Prod (1e t HG&E (.80) 17 6% 4 4% 34 IM- 10% - R s WHEL wieaBUE, Bankues e » » - 09 200- : 2 50s 1 1 2 1 2 5 2 1 1 88 186% 1 luvglll ua 5 - 100s 10:% wm 10!% 3 § 0 1 1 6% 6Y% 14% 14% 3% 8 10% 10% 868% 36% 1% 36% 16% 15% 15% tNY Pwpf6 100s 102'. 102% 10244 25; 116% 1151 115% Cent P& L pf (7) Cent & Sown Util Cent States Elec. Cent St E 6% pf_ CentStE 7% pf_ Charis Corp .60__ Chi Flex 8 (ba)_. Childs pt Cities Service CitiesSve P& L (7) pf 15.75k City Auto Stpg.60 Claude Neon L. .. Club Alum Uten_ Colon Develop Colts Pat F' A (2) Col G & E pf (5) Columb O] & Gas Comwlth Dis .0 Comwith & S war Comt'y P S 1.30a. Conn Tel & Elec_ Consol Biscuit Consol Gas&Elec Balto pf B 4.50 Consol Gas Uti} ContlG&E pr pf 7 Contl Roll & Stl_. Cooper- Bess Cosden Petrolm_. Creocle Petr 50: Crowley Milner__ Crown D pf 1.75 Cuban Atl Sug Co Decca Rec .60 Dejay Stores .20e Det Paper Prod __ Diveo Twin Trk.. Dobeckman - Draper Corp-(3a) Durham Hos (B). Duro-Test e Duyal Texas Sul_ Eagle Pitch Lead Eastn Gas & Fuel Dr f (1.125k)). Eastn Stspf B _ Easy W (B).125e Eleo Bond & S§h . Elec B & 8 pf (8) Emp G&F 7% pf. Emp G&F 8% nt. Emsco Derrick. Equity Corp _ Esquire (.60) .. Fairchild Avia Faircnlld E& A Fanny Farm 1.50 Fansteel Metal Fedders Mfg .15e Fidelio Brew _ Fire As Phila 2a_ Ford(Can)A(1) . Froedt cv pf 1.20. Gen Pub Svept _ Gen WG&E pf(3) Glen Alden .125e. G A&P n v 3.50 Gulf Ofl of Pa(1) Hall Lamp (. IOQ) Ham’ermill .25 Hecla Min .10e. _. Helena R(A)(1). H & Hard (2) Hubbell (H) 1.60. Humble O1] .376 Hum'l-Ross .15e_ Illinois-1a Power. 1li-1a Power pt _ Mi-1a Pwr divet. Imp Oil Ltd .50a_ Ind Sve 6 Ind'apP&! insCo N Am Int Hydro El pf_. Int Indust (.10g). Int Pa&Pwr war. Int Petrol 1.50a Int Products .25e Int Vitamm (.30) Interst B Eq .50_. Jacobs Co - Jer CP&L pf (6. Kirby Petroleum. Lake Shore M.50e Lakey Fary & M_ Lane-Wells (1) .. Lehigh Coal - Line Material.15¢ Lone Star .20e Long (sland Ltg_ Long Is] Ltg pf Long is! Lt pf Loudon Packin, La Land&Ex .1 Majestic Radio . Master Elec .60e. Mead John (3a) Mer & Mfg A .10e Mesabi (ron 5 Metro Ed pt (6;.. Molybdenum .25e % % 1% 6% 614 9% 508 26% 27 64 1 258 1008 5 30s 101'5 101'¢ 10115 3 6w 6 6 & 3 3u 3 1% 50s 83 50s 69 4 1% 1 1% 2 & 508 3614 1 1% 2 2% 10s 11815 33 2y 10s 5 g Shoan - > 0 NHNE NN 1508 258 4 6 20s 1 10s 508 62 9% 758 113 11 37% 100s 200s 508 4 % W 1% 6% (3] 9% 26% 5% 61y & 34 1% 83 69 1% 2% 11814 1181 2 2% 42% 8% 6 111% 113 364 36 11% 11% 39% 39% 5% 5% 1 1 34% 34y 18 18 601 60% 8% 9 514 33% 9% 7 D/-M 15% 5% 4 9% 20 2% 2% 2% 10s 100% 100% 100% 2 2% 5 1% 1 4 l 1001 23 1 258 58 1 8 12 2008 8!% 2% 2% 1% 4 385 38y 50s 160 160 160 88'6 1 8% 3% % 10s 101 107 107 58 114% 114% 114% 1 2% 2 ll 8% 8% Mont Ward A(7). 1\0- 1“ uz 162 Mon LHEP 1.50. Mount City Nat Auto(.40e; Nat Bell Nn Cont .20e.___ Nat Fuel Gas (1) Nat Ol Prod .35¢ Nat P& L pf «6) Nat Rubber Mack Nat Sugar Refin_ Nehi Corp’ EPA 6% pf(3k) 2 15: :m 12 68% 68% Eng T&T 1.76¢ 10s 1!0 180 130 2508 66% 66 66 N Niag 8 Md B.26g. Nipissing M. Nor Am Lt & .Pwr Nor Am L&P pf NIPS €% pf 150k Neorth'n StaP (A) ° Novadel:Ag (l - Ohto’ ll 93% so- 109% 10954 109% NIPS 1% pf 1.76k 10s 117% 1173 1173 8% 134 13% 31 l IH" Miflh ‘Brass B. OhtoPBpf A (l) 'IOI um nu llfl( mvmena Rate. AM 00. High. Low. Close. Okla NatGas.26e 3 19 19 19 Okla Nat G pf(3) BOs 49% 49% 49% Oldetyme Dlu_.. 13 3% 3% 3% Pacific Can .2 2 15% 15% 15% Pao flul%pfl‘ b5 33 32% 33 Pac Ltg pf (5)-.. 2008 107% 107% 107% Pantepec O1) 50 B4 B4 bW Parkersb’s R&ER 3 9% 9% 9% Pender Gr B .50e_ 115 15 15 Peninsular T (2). 50s 36% 36% 36% Pennroad ___ 10 2 2 2 4 19% 19% 19% 2 1% 1% 1k 10s 110 110 110 1 7% 1% % 12 391 18 1% 4% 12% 551 19 Phoenix Secur pf 1508 Pierce Gov (.25e) 2. Ploneer Gold .40 1 Pitts B&LE 1.5 508 Pitts Forg (.2 Pitts & L E£3.50g. Pitts P1Gl (1e) 2 102% 102% 102% Powdrell & A .2 1 3% 3% 3% Press Metals 250 1 84 84% 8 ProducersCorp.. 10 % Y% % PbSvoind$6pt. 50s 58 58 58 P 8 Ind $7 pr pt 758 103% 103% 103% PSOkprinpf(7) 20s111 111 111 Pug 8d $6pf,1.26k 268 83% 83% 831 Puget 84 P36 pt 2258 27 265 26% Pug §'d Pulp .50e 2 2T% 2T% 27% Quaker Oats pf 6 100s 153% 15315 1534 Relianc E&E .25e 2008 12% 12% 12% Republic Aviat'n 24 6% 64 6Y% Reynolds Invest * Russeks Fifth Av 3% Rust| &S .150 13% 4% 8t Regis Paper _ St Regis Pap p?. 814 Salt Dome O1] _. 9% 9 Samson United.__. % k) ¥% Beovill (.25e 31 31 Segal Lock # ) 6% 6% 10% 10% ki 5% Sher-Will 1.50e__. 96 96 Sher-Will pf (5). 10s lll% 111% 111% Simmons H& P_. 15 4"- 4% l"m Simplicity Pat.. 1% Singer Mfg (6) __. 10! 134‘& 13415 ISM, Singer Ltd .154g_ 3 215 2% 2y Solar Mfg. - 1% 1% 1% Sonotone (.05e) 1% 1% 1% South Coast 2 2 S C Ed pf B 1.50 30% Southern P L 2 So’land Roy 05e. Spencer Shoe Stand C & S .60e_ Stand Ol Ky (1). Stand O11 O (1).. Starrett vte _. Sterchi Bros. Sterling [ne (.20) Stroock & Co ___ Sunray Oil .05e__ ‘Taggart e Tampa Elec 2.24. Taylor(Ky)Dist_ ‘Technicolor . __ Texon Ofl (.10e). Tilo Roof (.55a) _ Tob Prod Exp.40g Todd Shipy'd .75e Trans-Lux (.10e) Transwest Of ‘Tri Contl war __ Tubize Chatillon. Udylite (.10e) Unit Airc’'t P.10e Unit Cgr- Whelan United Gas United Gas war Unit Gas pf 4.50k Unit Lt&Pwr (A) Unit Lt&Pwr pt Unit Sh M 2.50a 300s Unit Sh M pf 1.50 101 U 8 Foil (B) US& 1S pf1.25k 75! U S Lines pt U S Plyw'd .60e . U 8 Plyw pf 1.50. lWl Unit Wa)l Paper. 12 Univ Corp vic __ 1 Univ Insur (1) _. 508 Utah P&L pf 2%k 1508 Vaispar Corp 2 Venezuela Petrol. 9 Waitt & Bond A__ 4 Walker Mining. 2 Wichita Riv Oil 2 Willms Of1-O-M_. 1 1% Willson Prod .2 25s 10% Wolverine T .10e. 2 64 6u Wright Harg.40a. 5 5% 5% rID banxruptcy or recelvership mrnnm under the Ban! kmnrg Act. 3% 13% 4% 801 Sentry Saf Con 2 303 1% o S 03 0O 00 4 14 €0 1 00 1 1= 1 ot 1 i 1 » N e & IO = D 5D b0 b B B b RO N ‘N‘a T2% 44 6 6914 4% 274 34y 2% 5% 23 69 1% 1 5 # 51 14 10% far this vear fPavable in stock h Cash or stock Accumu- Iated dmaend: oaia o1 declared his” vear ur Under ww Wit! w Without' warrants © New York Cotton By the Associated Press. NEW YORK, May 6.—A continua- tion of favorable weather in the of cotton futures today. Foreign selling, domestic hedging | and liquidation was moderately | heavy. Some pressure was at- tributed to bearish reports regard- ing export cotton outlook for the next season. New Orleans operators bought on the setback. Midafternoon prices held at de- clines of 6 to 11 points; May (old), 1062; July (old), 10.35; January, 9.70. Futures closed 11-16 lower. Old contract: ‘Open. May .10/ 85" e e > &3m 2y §35 Spesels S5 f E33858 10.! 3 9 9 9. 200! “Widdline.” spot "(Ta-inch) n Nominal. Cottonseed Oil. Bleachable cottonseed ofl futures closed 10 lower. Sales, 58 contracts. May, 6.85b; July. 6.89: September. 6.85b; Oc- tober, 6.96; December, 8.98b. b—Bid. s Prices. NEW ORLEANS. May 6 (%.—Liauida: ton of the May position. war news and ‘Cottoneeea” il closed " steady” Bicaeh &ble prime summer Vellow. 8.40b. ~ Brime crude. 5.87 6.35b: July Sflnb. tober, 6.47b; New York Bank Stocks NEW YORK. May 6 (#).—National As- sociation of Becurities Dealers. Tat (Quotations as of 2 e FEEF it g - @D SR ATELTRS! ESFSFEE - Boston Wool Market B (United lll e {h—Dmlu‘ m De fered from the count: ln m!led md- oty e belnl Sold at red to users. Dividends Announced NEW May 6.—Dividen clared (provased b7 Fuch P Fablening Cat " Pe- Btock of Pay- Rate riod. res moré’ R:i"s b1 21 London Tin Prices Wfi.'fi.’.‘&. Bl e South again discouraged holders | Loft, Inc., Discloses : $282,749 Loss for Three Months Pepsi-Cola Earnings Excluded From Candy Chain Report By the Associated Press. NEW YORK, May 6—Loft, Inc,’ and subsidiaries, including Loft Candy Corp,, operating a chain of stores in the East, reported today for the three months ended Mareh” 31 a net loss of $282,749 compared' with a loss of $393,734 in the likg 1939 quarter. Excluded from the report wen earnings of the Pepsi-Cola Co., which Loft, Inc., has a 79.2 per cem interest. Pepsi-Cola earnings, it was noted, were at a record figure of $915,000 in the first quarter. = Starting with the second quarm operations of the Loft Candy Corp. will not be consolidated with Loft,- Inc., under the plan for making the - top company largely a holding unit* for the Pepsi-Cola stock. Industrial Rayon. Industrial Rayon Corp. reported today first quarter net profit of " $536,547, against $10,505 the first quarter of 1939. The corporation * has plants in Cleveland and Paines. ville, Ohio, and Covington, Va. L. C. Smith & Corona. L. C. Smith & Corona Typewriters, Inc, for the March quarter re- ported net income of $123,169 aftey charges, equal after preferred dige . idends to 38 cents a common share compared with $117,664, or 35 cents., & common share in the like 1933, quarter. Principal plants are at: Syracuse and Groton, N. Y., and Aurora, Il with smaller planu s Cortland and Geneva, N. Y. Coca-Cola Net Well Ahead of Year Ago By the Associated Press. WILMINGTON, Del, May 6.— The Coca Cola Co. reported today that net earnings before income¢ taxes for the first quarter of 194( were $7,632,666, compared witizs $6,524.664 for the first three monlhr of 1939, The directors declared a dmdmt - of 75 cents per share on the coms: mon stock, and the regular semie [annual dividend of $1.50 per shars % on the class “A” stock, both divis dends payable July 1, 1940, to stocke holders of record at the close of : business June 12. At the annual meeting of stocke | holders all directors were res: | elected. i + Timken Board Votes Dividend of 75 Cents By the Associated Press. CANTON, Ohio, May 6.—Timken Roller Bearing Co. directors declared a cash dividend of 75 cents a share on common, payable Juxne 5 to stocks holders of record May 16. A 50-cent cash dividend was paid March 5 The company reported a net first- quarter profit of $2,887.518, equal to $120 a share, compared with $1,+ 907,393 for the corresponding qum ter of 1939. New York Curb Bonds MESTIC. A Foner 4128 67 Ala Power 5s 68 Anvzlach E P 45 63 - Appalach EP 4125 48 a5 B 00 dias 68 Birming Gas_5s | Broad River P Can Nor Pwr Can Pac 6s 4 316 11»4:. 10802 10300 100% 10034 100 Cities Sve 53 oA~ Cities Sve 5s 69 Cit 8 - ed 56 A 843 83% 84 Efie m T $1.2%4 1|u=. 111\!. 110%- El Pw & Lt 55 20 12 827, Fed Wat 525 ml\’ 100"100"5 Fla Pwr counrn 04 104 104 Florida P& Lbs 5 1042, 104 104 Gatineau P Js 69 0Y 797 Gary E&G 5s 44 st Gen Pub T 2 3RS INBRI2NN2B2I3R 5 A 23 imv: 101“. mm 108 108 108%: 108" 107% m5 a 104 1 9 O SEE u_uu_, RR323 -3«? SIRRELE ¥, PR 3233R333385=! DonSS 2 S S e aos °.£:8a- E e DDOOWOSDDSOSDD s 2a Em f=t ot 3¢ LS L FFE SIS FE S § SNerE PR 85 o " i 33332 ™ S8 ~ el * — CEERR a0y FERSE = 2 > o £33 22 e R & 4 >, e f5) "» rNE All‘/‘fllll o1 'm'/‘ .’ "§- ; ~ 2 S22 m Qb ig® EEET w> 0 '/. 1M @ 95% 98% 8 FOREIGN. Rwy 58 Cuban Tob 55 44 G oy P 2y 47 :u:“lz., '-',°’ v itk wisra Ry 61 3% fw v lmuntv.