Evening Star Newspaper, May 6, 1940, Page 18

FINANCIAL. ' THE EVENING STAR WASHINGTON D. C, MONDAY MAY 6, 1940, FINANCIAL. : e A s T e s tesm, Good Gains Recorded TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEMosISIocksReImI By Private Wire Direet te The Btar, PNV 1040 ape Net. | Prev. 1040 ln u"h Eal'l'lill S Prev. 1040 Stock and Sales— Ao, Diridend Rate, ‘444 00, High. Low, Close. cner. | "eigh. 1080 Divident Rate. 'h44'00, High, Low. Close. o High. Low. Dividend Rate. Mcoo.mn.m uoum-. 20 18% Distill-Seaxr (2)... 8 19% 19% 10% 26% 23 Natl istillers (2). T 24% 24% 24% — 704 67" Abbott Lab (1808, 6T 14% 11% Dixle-Vortex.25e._ 1 13% 13% 13% — %| 124 9% NatiGypsum ... 1 9% 9% 9% " HrAs e i 88 34% Dixie Vor(A)(2.60). 36% 364 864 — %4| 06 88% NatlGypympf450 1 88 88 88 ln F"S' 0ua"er 2-,“ 2 “.m_‘w}’,,,u) 24% 18% Doehler Die C .25e 3 2215 19% Nat) Lead (.60) 16 20% 20% 20% 3 56U 4615 Alr Heduerion 1 23% 18 Dome Mines () ... 148%4 140 ' Natl Lead pf(B)(8) 40s 14214 142 142 6" Alaska Junean .60.. 8 94% 75 Douglas Alr (3g) .. 8% T4 NatiPwr&Lt6.. 2 8 8 8§ A B Eners Cergors o 171 142 Dow Chemtoal (3) 3% 6314 Natl Steel (. m).._ 7 66% Three D. C. Concerns 14% 108 Allexh'y $30 pf ww. 3 4] lg“: l;rnulr Mtg i : ‘g'/. T5% :lll Supply 7 121 91 Alleghany pf xw . unhill Internatl_.. ' 1 40% Natl Supply 6% pf_. 10s Exceed 1939 Marks 254 184 Alleg-Ludlum 256 12% 9% Allen Indust (.25e). P T IS Early Gains in Steels, 198% 176 Du Pont (1.75e) .. 8% 3% Natl Tea Co 25 Stand Ofl ind (1) _. 3 126 122 Du Pont pf (4.50) _ 10% 9% Natomas (,80) In Net Revenues 182171 " Allted Chem 16) lGV By EDWARD C. STONE. 9‘: T Ailhes nrats 118% 114% Duquesne 1st pf(5) 144 11% Newort Ind : o h oA ) ASCHIEES Wnd Coppii bl 2 ewport Indus 4 76% Sterl's Prod 3.80a__ H 44% 261 Bastern Afr Lin 50 41 N Y Alr Brake (1 3 , T4 Stewast. Warner : Cut or Wiped Out Three of the four big Washington 83 Allis-Chalmers. utility corporations reported to the 1% Amaig Leather. 64 41 Eastn Roll Mills 18% 14% N ¥ Central 2 5 Stokely Brothers._.. 166% 1457 Eastman Kodak 39 204 NYChi&StLpf 9% Stone & Webs Public Utilities Commission higher e Arline, 6 2 17A 168% Eastm Kodak pf 33% 31 NY c0mn1bu- ). } 9 Studebaker _ 1 7 net earnings in the first quarter this 5% Am Bosch 27% Eaton Mg (1.50e) 8% 84 N 564 Sun Of) (1a) year than in the first three months 38 Am Brake Shos 306 Stock and Dividend Rate 444 00, High. Low. Close. chas. Sl h“ Ine(30e).. 6 O 8% &%A g y . 80 63% I aiLlose Th 6 8 2 A h tand Brands .20e _ kel ) 1o e e B Of Dull Session K 3% Stand GEE $4 pf 4 4% 4 10% Stand G&E 36 pr pf 184 Stand G&E §7 pr pt. H ELEEL Fre ps FRFRL2 orey F OFFEFS Stock Averages sE8F ¥ Indust. Rajs. OFJ. 8eks, Netchange. —1 —1 —2 —1 Today, close 71.0 185 Prev.day... 71.1 186 Monthago. 735 199 Yearago .. 643 18.0 1940 high.. 742 205 18.0 0 238 1939 low... 588 15.7 60-Stock Range Since 1927: 1937-38. 1932-36. 1927-29. 753 1577 169 618 l'M 15% Edison Bros 8 (1) 124 9% Sunshine Min 1 mw. 112 AmCan «4) i 0. 415 % &H(r).__ 20% Superheater (.50).. 18% 2 H & H pf (1). 2 Supertor Ofl P 8% of 1939, according to a survey of | 321 23% Am Car & Foundry. their financial statements. 51% 38% Am Car & Fary pt.. o L3 & 4% Eleo Pwr & Light 26% 13% N Y Shipbilding . 265 27% Sutherl'd Pap 1.20_. 231 19% Am Chain & C .80e.. 25! 31% 22% Elec Pwr & Lt $6 pf 121 92 N ¥ Shipbg pf 1.15k lzo- 118 117% 1174 = 22 Bwift & Co (1.20) . 364 26% Elec Pwr & Lt $7 pt 22614 208 Norfolk & Wn (10)_ 2 226 225% 226 ~— 27% Swift Intl (2) .. 33% 281 Eleo Stor Bat (3) __. 26% 20% Nor Am Aviation .. 19 22% 2215 2214 — Tt Syming-Gould ww_. 41% 34% El Paso Nat G (2)__ 23% 20% Nor Am Co (1.20) 22% 22% 22% 5% Syming-Gould xw__ The Washington Gas Light Co.| 138 133 Am Chicle (4a) unh 138 138 42 Endicott-John (3) 58 55 No Am 6%% pt 2.876 56% 5615 567 + 5% Tennesses Corp._. reported the best gain, a net income | 15% 10% Am Crystal Sugar . 13% 131 112 109% Endicott-J pf (5) , 5| 59 56 No Am Co 6% pf (3) 57% 574 57 + 42% Texas Corp (2) - _ g 28% Am-Hawia'n SS (1) 49 49y 12% 8 FEng PubService 9% 7% Northern Pacific . 8% 84 Bl 3% Tex Gulf Prod(.10e) of $789,141 fo~ the quarter, compared | 4% Am Hide & Leather 5% 89 80 Enx Pub Svc pf 5.50 113 110% Nor'n Sta Pw pf(5). mur 11 11 -y 32% Tex Guif Sul (2) with $643,718 a year ago, an upturn 33% Am Hide & Lipf (3). 35 8% 2 ErieRR1stpf (r)_. 6% 313 Norwalk ™re 3% 31 3y Tis Tex Pac C&O (.40) . 2% Am Ice 11% 8% Evana Products p 4215 38 Norwalk T pf(3.50). 36 36 36 -2 5 Tex Pac Ld Tr 10g. of $145423. This figure included an 5 Am International 34% 205 Ex-Cell-O (.40e) __ 7 Y 815 615 Ohio Ofl (.20e) Bl 8% + 4 11% Thateher Mfg (1) increase of $45,252 in net earnings 1m Am Locomotive _ 49% 34 Fairb’ks Morse(1a). 23% 18% Oliver Farm Equip_ 20% 21 315 The Fair recorded in March. y Am Mach & Fv(80) 31% 25 Fajardo Sugar 50e. 4 A 18% 15% Otis Elevator .35e 16% 16 + % 34 The Fair pt The Capital Transit Co. announced 2». Am Mach & Metaln 4% 3% Fed Motor Truck .. 1 144 1381; Otis Elev pf (6) Hl% 14115 141% +1% 3% Thermoid _ ____. ¢ i [REthefirst uart 23% Am News Co (1.50). 20 16 Ferro Enamel (1a). 12% 915 Otia Steel 6 100 10% =~ 34 4 Thompson (J R)... s PLICDE R G 3 Am Power & Light 40% 37% Fidelity Phos 1.60 32% 2614 Outb'd M & M .80 29-- 29% 29% - ¥ 27% Thomp Prod (.25e) amounting to $107,531.86, in compari- 43 Am P&LSHpt 1 876k 21% 64% 5915 Owens-I11 GI (le)_. 62y 62% 1% THompson-Starrett. son with $80,972.10 in the like period | 63y 51». Am P&L $6 pf 2.25k 1014 5% Pac Am Fisheries F % 3 15 Thompmon-Star pf._. in 1939, an increase of $26559.76 | 10% Am Radtator 23% 1613 Pac Coast 18t pt_ % 7 10 Tide Wat As O .40e_ Here, too, a gain of more than $28,000 1?{;‘ 1:;:; Am :‘fl""’h‘;r‘”) 2;2 lg"& ;‘o-t¢| Whgn 1215 ;". Pac Coast 24 pf . g E 9 20% Timken-Det Ax (1) 3 ctor i 4 13% Am Rolling Mills Franeisco Sugar __. 34% 31 Pac Gas & Eleo (2)_ 3 2 2 % 46'4 Timken R B (.50e) :,2;:_:“’1 R star iRl ;E’u :é‘/‘ Am ifil;!y Raz 1.20 S;u 317% Freeport Sulph (1) Y 50 4214 Pae l.ighting (3) 7 t % 7 5% Transamertca (.60) Z Am Sm & Ref (1e) 1% 1% Gabriel (A) 3 T 139 130% Pac Tel & Teleg (1) 12% Transcont! & W Afr The Chesapeake & Potomac Tele- | 147 142 Am Sm & Ret pf (7 18% 13 G %0 .76 T4% 4% Pac Tin Consol .20e o phone Co. was the other company | 70 60 Am Shuff «sar - ) ‘ b do bl L2 tecTintane 2 Tri-Continental __ reporting an increase in the first| 1521 149 Am Snuff pf (6) quarter net. Net income reached| 3: 25% AAm Ssteel Fd;z' 50e_ $488,579 against $469,672, a gain in 4 m Stove (.50e) the three months of $18907; the| 23t 18' Am Sugar Refining. 105% 101 Gannett Co pt (6 8% 67a Pac Western O .40g. 2 % 8 20th Century Fox... 6% 4% Gar Wood (ndusi 4% 314 Packard Motor 3 20 20th Cen F pf 1.50__ A | 5 statement reyealing marked gains in :: ;:h:c'::"g) 614 Gen Am Invest 25% 15% Pan-Am Alrway Y 9% Twin Coach _ 1 % Panhandle % Ulen & Co (r) . 10115100 Paraffine pt (4).. 36 Dnger o miive 8% 7 Paramount Pic : 11% Un Bag & Pap .15e). 5 P t 18t (6)_. both the number of telephone sta- Am Tobacco(B) (5). S many) ) 79'2 Union Carb (1.10e)_ tions and the average calls per day. 4% Am Type Founders. The Potomac Electric Power Co. 3 Am Water Work reported the largest first quarter net Am Woolen of any of the companies, a total of Am Woolen pf ‘”"v Parke Dl:vll (80e)_ 3 Union Oil(Cal).50e_ Parker Rust (1a), . 9’{ Union Pacific (6) _. Am Zine $1,119,068.53 comparing with $1,140,- 460.35. While this was a drop of Aenanoa(aee) FLEEFFEREFEELF2ER & b EPF EFIFFFEEFEFS 290910 D T 1 GO 00 1 31 001 1t i RO 2 s OV 300 b e 60 FF 8 e - s FERFH (Compiled by the Assoctated Press.) e By VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, May 6.—Selected stocks put on a mild recovery jaunt in today’s market but the majority backed away at the close. Several steels, aircrafts, coppers and specialties pushed up fractions to 2 points at the best. In the final hour extreme gains were chipped down substantially or converted into minor losses. Dealings were inconsequential either way, with transfers approxi- mating 550,000 shares, or among the smallest for a full session since the middle of March, Brokers put the blame for the apathetic proceedings principally on European war doubts, with claims . | and counter-claims of belligerents | adding to the confusing overseas picture. Thoughts of further ale lied reverses seemed depressing to traders who construe these as beai- ish marketwise. Domestic business news was con- structive in spots, but even steels slipped after this week’'s mill opera- tions had been officially placed at | 65.8 per cent of capacity, up 4 points from the previous week at the high- | est rate since last February. Noth- | ing particularly enlightening came - 8o A AN A NN O AONN R AT NG B ENAR SO RN AT S NARC RO AN SR a o +|‘f‘||l$+ — 9 S I+ &F Y 6'2 Gen Cable 19% 17! Gen Cigar 26e _ 117% 11314 Gen Cigar pf (1) 41 36 Gen Electric (.35e)_ 49% 454 Gen Foods (2) + + + e ov 3 oo F 8 ORFEEFE FEF P Ve FER LB FEFES F & ¥ @ b3 e =S o + +111 o UL JOPRRVT L £ TANPHOL- PN 0 (B % i B ® S < LIRS)S 3% 141 Unit Atr Lines 12714 12314 Gen Motors pf (5) Penn Railrodd (1g) 12 ,:,,_ e g % 154% G 4 6~ Pere Mara prpt . F $2140082 from last year, due to| 112m 110% Anchor B Gl ot 1oy o uneniRa Sl post n Petrol Corp (108)-. : ““ e oro.nt s heavy expenses, yet % was a fine| 7% 5u Armour (11l 33% 271 Gen Refractor 25e. Pfeiffer Brew (1) _ « United Dyewood thowing comparing favorably with 46% Armour (111 prpf . - A ( 24% 197 Gen Telephone 1.20_ Phiia Co 6% pf (3)._. 4 4 4 s 75 United Fruit (4) rations. S ‘}Ai:‘"’ g"; ‘l"’(":’el 13% 115 Gen Thea Equ 20e . “ Philip Morris (3a)._ 5 4 5 11% United Gas Imp (1) That these utility concerns will oy Ame Lt 23% 15% Gen Time Inst .25e- Phillips-Jones 10'; Unit Mer & Mfg 500 Phoenix H pf 2.625k 5 | public covering April. The Clearing 5015 Atch T&SF pf 2.60e. X 16% Glidden Co 4 Y Pilisbury Fl (1.60) House Association reported April o 2013 Atl Refining (1) h 22 Gobel (Adolf) | 4 2 3 42 42 U S Rubber bank clearings at $115,580,390.40, a | 110 107 Atl Refining pf (4). b 21 Goebel Brew (.20) " : Pitts FtW&Ch (79 54 512 U S Rub 1st pf (2e). gain of $15.849,826.34 over April, 1939, | ] o LEeE ey 1615 Goodrich (BF) 4 Pittsbzh Serew 156 7 USSmé&Ropf350_ i i ted orp oL ¢ 20% Goodyear T&R .75e. 2 Pitts Steel pt (B) and the City Post Office reported | jo44; 117 i % i . 91': Goodyear of (5) .. 4 Pressed Steel Car U S Steel pf (7) Ppostal receipts at the highest April| o, 1% Auburn Auto () 2 N GraliamiEaize A 5% Proctor & Gam (2a) TV Stackyards gnark in the history of the Capital. 8% Aviation Corp 7% Granby Consol .50e. ‘ Proctor & G pf (5) _ Unit Stkyds pt 70 A, 4 . 5 Pub Sve(NJ)pf6)_ from the annual meeting of the The Home Loan Bank Board an-| 6% Balt1 & Ohio (r) . 31% Grant (WT) 1.20 S ! Univ Pictur ist pf 8 5% Balt! & Ohlo pf (r). 2214 Great North'n pf 2 !2 Pub Sve(NJ)pf(8). Vanadi United States Steel Corp. Tounced today that home mortgages 5215 BRARS: KRS pf (5) 151 GrtiNos Gt Tee 3% Pullman (.25¢) anadium 5 g > 3 Vick Chemical (2a) | the day were Bethlehem Steel, Gen- 000 during the first quarter of this| g, Barker Bros L 14% Greyhound (1) . 5 i 14 3 FuseOltp) (5} ¢ | 31% 274 Vietor Chem ( 306)- 26% 264 eral Motors, Douglas Aficrufl Du 'year, an increase of 12dpe§wcenk: 3{::‘\. Barnsdall Oil .30e __ 22'; Grumman Aircraft. 37 R X Quaker St Ol .50e _ Va Elec Pwr pf (6) 7 h'pom phexi;g Dodge, Kennécon over the same 1939 period. arc 364 25% Bayuk Cigar 25e 3t Gulf Mob & Northn. geey 3 513 Radio Corp « z0e) E g 5 5 | d s P 3 15 Guif Moh & Nor pf_. B 9 Radio C ev pf(3.50) 2 67! 6T 6T — Virginian R pf 1.50_ 2 E Loft, Baldwin Locomotive, Worth- 420,000 was up 18 per cent from X Beatrice Crea pf xw 30% Hacken Water 1.50 4 ’ 3 Radio-Keith-Ur (r) 1 1 Walgreen (1.60) , | Ington Pump and General Electric. p 18 i o1 L i : sy “February and 6 per cent better than | o2 ¢ and’i';*)‘*:i“l‘"“,r:':;’:: 231 Harb-Walker (.50e) : 3 1912 Raybest-Man 25, Walgreen pf (4.50)_ ,| Backward were Safeway Stores, & year ago. % % GenGas& El (A)__ Pathe Film g 224 Un Tank Car 1.20a_. 58% 3713 Gen Out Ad(A) 2k Peoples GL1&C(1e) Anchor Hoc Gl .15e. Untted Corp . : 15% 141 Gen Shoew(1.20) - w143 Phelps Dodge .50e _. 4% Unit Electric Coal that made by the other three corpo- | 43% 37 Armstrong C'k.50e. 3 hillins Petrol (2) enjoy an excellent second quarter is 9715 Assoc Invest pf (5) 23% 174 Gen Tire & R b0e _ Phillins Petrol (2 4% United Paperboard. 2 . 1 Piralit Gors U S Realty & Im(r) Atlas Powder pf (5) U8 Bt (1e) Mortgages Up 12 Per Cent. 18% Baldwin Loco ctfs g . 9% Grand Unica x ctf; 313 29% Pub Sve (NJ) 6be._ Univ-Cyclops S 20e - p b 39% 32 Van Raalte (le, % | Among the better actors most of on urban property totaled $818,731, 165 Barber Asphalt .50ex 27 Great Wn Sug (2).o 1 Pure Oil 55 an Raalte (1e) _ | 4 s g : Va Iron Coal&C pf home financing amounting to $300,- | 35% < Reatrice Crea (1a) 7% Hat Corp (A) i a 5% Ravonter inc ~ __ Walker (H) (4)_. United States Rubber common and Beneficial Loan 45e 1+ +++11 101 PSRRI PO - oy ey Cpmy ) : s 7 Rayonier pf (1k)__. s i i In the first quarter savings and 9 Rest & Co 1 60a) e I{P:flln: cloul» : 5 5 - R’«’;',:"n"flk" (B) }ax/‘e(e_rreg, Umo: ekl Boiing‘ “loan associations loaned $247,899.- Beth Steel (2.25e) _ Prod (.60) __ 5 Reming Rand ( 40e) L b B;kini i estinghouse, American Sme ing 1000, banks and trust companies,| 125 115 Beth Steelpf (1) Hercules Mot 25e 9 9y ‘s Reo Motor vtc ctfs_ 5 and Public Service of New Jersey. $204,057,000; individuals, $144955-| 34'2 4 Rigelow Sanf'd(le) Bizelos Hercules Powd 60s 3 9 Republic Steel _ g L Warner ios e | British Empire bonds weakened as 000; insurance companies, $66.423,~ S R EOX - i § Boeing Airplane 000; mutual savings banks, $30,- 4 Hercules P pf (6) s 17 g 55 léep Steel pt A (6).. 2 2 Wayne Pump (le).. ¥ 3 (liklld :t!hiel pougd sbe;éu:g in unlns of Hersh f (4a). 3 3 3 4+ Revere Copper % 5} | the dollar. Commodities were irreg- 548,000, and others, $124.849,000 Al L) 301, Holland Furn 506 .- 2y s 9 Reynolds Metals 11100 1088 Webt serim ORI | ularly lower. Wheat at Chicago o L hi S Bon A1 tApeR) S 5% Hollander (A) i L 6k “» Reynolds M pf 5.50. | 108~ 1021x West Penn E pf (6) off 53 to 1 cent a bushel and corn During March the savings and Bon Am1 (B) 2.50a._ 52 Homestake (4.50) 5 : Reynolds Spring - 115 111 West Penn E pf (1) | dow: 5 t0 1. In late it loan associations loaned $96.244,000; Rond Stores (1 60)_ 11« Houd Her (B) 25e. 37 39% Reyn Tob (B) (le). 37 37 25% 13'. W Va Pulp & P 150 g | Oan .h ed dnln tr;ms;c ions banks and trust companies, $75,650,- | 2 gnrde:‘po "6??’0 5 111% 1087 Household F pf (5)_ Richfield Of1' (.50%) | cotton showed declines of 40 to 55 000; individuals, $51596.000; insur- L= atnerd.o0e; 5 g & 5 Bower Roll B (3) .ance companies, $23.084,000: mutual 7 - 4o ‘n Aut 3 6 5 Houston Ol 2 ; 97 Roan Antelops 66g. 3 Wesrn PG . (cents a bale. Foreign securities 27 19 Hudson Bay (le) _. 2 Ruberoid (1.10g) . markets were ragged. Brewing Corp ( 60)_ savings banks, $10,543,000, and| ;34 Bridgeport Brass 2it West'n Union Tel _ 6 54 Hudson Motor. 4 3 Safeway Strs 75e 1 others, $43.303,000. 231, Briggs Mfg (.60e) . 2818 Westh'se A B 50e _ New Dial Service Adopted. 241 13y Bklyn-Man Transit 4 Hupp Motor _ | Safeway 8 pf (5) 118 1057 Westhse Elec 1.75¢ 13% 9% (llinots Central _ St Joseph Lead (1) 2 . 138 120 Westhse El pf(3.50 ‘The National Savings & Trust Co. | 107 9 Bklyn-Man Tran pf. today placed in service a new dial| 63'% Bklyn-Man pf ctfs 24% 20% [llinois Central pf__ Schenley Distillers. 3 384, 33% Weatvaco (140) intercommunicating telephone sys- 3 ¢ Bklvn & Queens 29 24% Indust Rayon 50e 5 :’-‘"ml!y pf (6.60) .. nres | 941, Wheel&L E pf 5.50. 90% 8015 Inland Steel (2e) _. chulte R 8 pf «r) .. 4 4 :&sv 25% Wheeling Steel 3 19% 4 Bkivn & Qu pf ctfs tem for the convenience of its cus- 2514 Bklyn Un Gas .50 x ~ ® Scott Paper (1.60) _. | 134 1o 15% 11% Inspiration Copper. 2 137 10% White Motor 5% 3. Interboro RT (1) .. Seaboard Afr L (r)_ 11% 4% White Rock tomers and to care for an increase| 291, Brunswick-R 25e in business, according to an an-| 10w 8% Bucyrus-Erie Of Bi 12 8% Interlake tron \ Seaboard A L pt (r) T4 4': Wnite Sewing Mch_ f B'g 'ssue 1'42‘- 1% Intl Agricultural__. 1% 1% 7 g::?O-ereg:llc;l'l”.- 2! 7 | 8% 2% z::lcox gublc dm. | B)’l;l;e As!s;;c‘lned ;re;h e i 113174 Intl Bus Mach (6a)_ s Ro ys-Overland . \ e Union Pacific ad Co. o Dy ba;‘k aotbl dion 1013, Sy s Dt | 625 531 Intl Harvester 1.80. W B6Y 56% = Servel ine (1) : w 3 Willys-Overl'dpf__ 12 5 4| formally asked the Interstate Come The system installed by the Ches- it ul B = 171 1575 [ntl Harvest pf (1) Sharon Steel pt (5)_ s K s Wilson & Co = 3 | Y 3 6 Rudd Wheel = i = merce Commission today Afor au. apeake & Potomac Telephone Co.| & Ruliand Co 1 350) I 5% 3!y Intl Hvdro-Fl (A) . B ; 4% Sharp & Dohme 5 ¥ g Woolworth 12.40) 9 i E thority to issue $81,602000 in 31, provides equipment for 89 tele-| 5o pi R“m" Watch (2, 83, Intl Mercantile Ma_ 3 3 3 & % Shattuck (FG)(.40) K J Worthington Pump s Tadet dz phones with 12 lines. Special wiring | by BOFITAETORIALS 5% Intl Mining (.10e) Sheaffer Penn 1.50e 30 9 A Worth Pump pr pf_ per cent refunding mortgage bonds plans make it possible to pick up.| 121 « Burr's Ada M 20e 28% Intl Nickel Can (2 24 9 3 Shell Un Oil (.60g)_ s 2 3!z 43'3 Worth P cv pr pf maturing June 1, 1980. hold or switch calls merely with the | 5t Bush Terminai 105 inti Paper & Po t Siiverking (101 Yellow Truck | Proceeds from sale of the new flick of a key. 5 | Rutler Rros ( 15e) . Also included in the installation | 23%- Butler Bros pf 1.50_ 50% Intl Pap&P pf 1.25e 4 Simmons Co 2 Wy 57 Yellow Tr'k pf (7). : issue would be applied to payment 504 Intl RyCA pf 3.25k Simonds S & S 40e. Young Spg & Wire is a 15-line “conference” circuit| 3% L Sl LS o which makes possible simultaneous | 21'% Calif Packing .25e . 4 of the road's 4 per cent first lien 34% Intl Salt (1.50) 3615 3 22% 181y Skelly O11 (.25e) % 2 T YEStwn Sh & T 25e i 31% Intl Shoe (1.60) _ 120 105 ' Sloss-Sheffield T5e | Ygstwn StI D 250 lgfiger;iggggnos‘:g{g‘a‘s:sgg&t:: pkes Do | 11 Gallnfan 7ies e p v e e O iw L et Moy DR IR B G | held by the public and $14,098,000 conversation between as many as| <} 4 4 Interstate 5 e = 5 . Appro; te Sales of Stock the N. Y. Stock Exchas S 615 Calumet & Hec 501 275 18% 15 Smith (A O) 1 17 PRIoX{mate XIe: peAsCO e I 1 Xchange | by the Union Pacific. five p:rsil;ns;t;h? ?fme‘n:e‘k TG e o 1314 Jarvis (WB)(.375e) * . H. A. Activity at Peak. 16 Building contract awards were & % Canadian Pacific disappointing during the first quar- 2 37% Cannon Mills (.50e) %) ! . —-- 130,000 12.00 Noon 1 45% T, 2.40 122 10% Socony-Vae 25e 1n\. 11:00 &M The bonds will be handled b 57" Jomns-Maneiile’ 2 2, 2 So Am Gold (.10e; 1:00 P.M. 300,000 2:00 P.M y & ~| 29% 23 Carpenter Steel 508 ter and continued behind a year 515 Careiars s Ganl0be. 3 ks L | K Loeb New Yorl y. 132 123% Johns-Manv pf (7). 29% 224 So Porto Sug (1) " om Total Sales for the day. 530,000 | Kuhn, & Co, k City. 75 6% Kansas City Sou 30% 2874 Southn Cal Ed 1.50a 30 00t ot urading 10 enares ; i 188 12" Kiufman Dept 250 6% 115 Roumern Pacifie 12 st R st e oo | (0 B ago during the first th: ks of | 17% 10% Kelsey-Haves (A) . 20's 14'% Southern Raflway.. 5% 154 4 Rates of dividena L) .n. foregoins table are annual dis- |cag0 rain g0 during the first three weeks of | 11gy, 111~ Case (1 1)Co pE(T) % 10% y - 34% 254 Southern Rwy pf .. oursements based on the Iast quarterly or semi-annusl declars. April, due to the low level of public | 561 47y Caterpillar Trac(2) 38% 337% Kennecott Cop .25e. 31, 1% Sparks Withington. . R uon Uniess otherwise noted -n:cl-l or extrs dividends are not | By the Associated Press. works awards since the 1938 W. P. A.| 351 26% Celanese Corp 50a 14% 13% Keystone Steel .258 ok K gton.. program ran out, says the National | 119 107': City Bank’s monthly letter. 1?“2 % However, a good seasonal im-| % 2%Central Foundry n 45% 35 Kimberly-Glark (1) 47 41 Sperry Corp (2g) = 0% cvidwa oty mems saup CHICAGO, May 6—Led by July 31% 25% Kinney (GR) $5 pt_ 26 s 4% Central RR of NJ provement has developed in private | ,7.. 2z, )y residential building. The volume of L S aods basooldde) extra 38% 29 Spicer Mfg (le). ?Auumullud dividends paid last vear e Declared n‘: Enu -o and September wheat contracts, 24% Kresge (SS) 1.20a. 6'x Certain-teed - (REER XA J 9 N any ++11 5 FEysess El 9 - S = & I+ 14101+ 00004+40 ° (RN Union Pacific [N ~ ¥+ Pl ++++0 +4 FEPE FESPEFEEE EF 1+ [ an T+ 1+ S Piag s +44 £ + = 3 [ > 117% 117% 511 50 3412 34 117% 117% 10% 104 2% 2% 4Y% o 1%L 41 -5 000009 bt D 10 39 00 1 i €0 D TN kit ek 1D 1 T D1 RO e b 0 b 1 B 80 1 00 e 50 @ DO RS 1S i (NN L - —— B oM IO A O DR A0 (0 % = T AT 1O 3000 00 B e 3 3 PFEEFEF EFRFL E2 l++l+l (BN & 2 EEFOF 1 03 03 0O O D b 1S e Lt T++14++ FEFEEFT - =y 2 2R 380 an! ; Roosters, 8-10 cents. hl:k!ns—vlrllnll 2 Yugoslavia, ~ 2.35n. chzlx. hrflfl!fl l!lld ll’ayers all Iile&‘z'll -25 N Y k P d Araatin Lati A-e,:‘l B 8500 i 0. 4-1 cents. are el A 29.77; ee, 23.00: Rocks and_ crossesBrotiers and fvers, | NeW York Produce Brasil, official, 605; free, 5.10;" Mexico, all sizes, 23-24 cents: No. 2. 14-16 cents: E . | 16.85n. Leghorn broilers, 2 pounds and up. 17:18 verV\JoRE, May 8. BB, 18.38 Far East, gents: under 2 vounds, 15-16 cents; un‘f._ Totail: i AR .mz-n 23.48; Hong Kong. 21.50; Shang- few higher. 19%: Taded & F FEEFEF 0 S 22 S g - wisa s L0901, 1.00% Tent receipts. 16'2: me ates'in spot cables unless otherwise ¥ 108% 16 dirtles. “No. T, 16%; average indicaied. "n Nomisar Oc; Z92% 92% Chi Prod ShSybites: Resales of premium’ mark fath s remium marks, 22- - 3 : icago Froduce 2412 Nearby. and - Midwestern. Bremiy FOI‘EIgn Murkets e -8 CHICAGO. May 6 (——Poultzy, live, 1 | Myks 30-01%; ., 10%: standards, 5 = trucks; hens steady; chickens firm: hen: Resales of exchange to fancy heavier RD— LONDON. May 6 (P.—Continued de- | May 5 {gunds. 1 én Donans. audtntere ;';::dil:?fl.mrln & c-ll‘;:g Nearby and Midwest- | mand for avmm government bonds stead- Bronas Neschs fancy to extra fancy, | 160 Prices elsewhere after morning weak- 1 Payabl kg Paia last BThs 50% Shicer Mg pt A (39 1305 ek T Aenme oo e pals oo delarag this which represent the new crop, wheat 2914 gg Kress (S H)uzw) prices today sagged more than a 12 Kroger Groe (2). . 3 ‘ cent ‘a bushel, although rall S 4% Lane Bryant__ wasl'"ngfon Pfoduce Lead Pr’ce c"t Fore'gn Exchonge frequently due to shugt covem: new construction under Federal % 27% Certain-teed of 28% Lee Rub& T (.5e). NEW YORK. May 6 (. —The British|and some buying attributed to Housi, Admini i 14 24 Leh Valley Coal pf_ BUTTER—A3 score, tubs, 30: 1-pound . pound sterling declined today in the open | . ousing Administration mortgage 18% Chain Belt (.50e)_. 2% Leh Valley RR (r) bis; Ya-pound prin 92 T F C t foreign exchange market. mills. insurance has advanced steadily, 15 Checker Cab Co 5 5 Iipound prints. d oriveCents . i 21 Lehman Corp (.40e) At midday the British unit was around Favorable weather over the grain setting new high records from week 414 Chesapeake Corp ( e nn?:&. s i od 1% cents lower in terms of the doliar. The | pere fain of imul toweek. The mumber of new homes 38% Ches & Ohto (2.50) . PRl Ja;pound. prins.” a8 A Pound French franc was off .01% of a cent. The SRcsauEe war to stimulate started under the F. H. A. program D oneak GhbpT(E 23% 4B, Libbey-Om.F (10 Ya:pound orins, b 8 e e R S o | European purchases of North Amer- 5, s i = . 1) N ints, v d 1 o | nchanged were the Swiss franc in the week ended April 20 was 25 SOl Graer 1094105 Ligg & Myers(B)éa 88 Ssore.” ai s ::u?u. 57 || By the AsmcIutel Brece | Netheriands gutider. and ican wheat, with reports indicating per cent larger than a year earlier i Epre il 234 19 Lily Tulip Cup 1.20. Fiopound orints, 37, NEW YORK, Mey 6—American | "m.'Contdtin soiar continued at s4.25 | WOFId consumption has been cur- Sud s e e £ %::::Lfifis”""," 41 36% Link-Belt (1) .__. VESTOCK—Calves. 10: spring lambs, | Smelting & Refining Co. today an- | United States cents, tailed, and continued heavy re- gag pplica- e Tthw'n (r 14% 11% Lion U1 Ref (1) 11 Gtner hestork markeis ‘Rowed_ toas. nounced a reduction in the price of | Late rates follow (Great Britain in dol- ceipts at domestic markets ac- tons, totaling one-third more than " % Chi Pneu Tool < From Agricultural Marketing #Service. lars, others in cents): last vear, indicate further gains. 50 46 Chi Pn T prpf 2.50_ ibiiliquinicasbontc E0e Prices paid net £.0.0. Washington: lead to 5 cents a pound, New York, £ counted for the price weakness. Akt ont 3 % LChRI&P(r) . 27% Lockheed Aire EGGS—Market about steady. Prices | compared with 5.10 cents, which had L | Trade was nervous, however, and end Louisville Conference. 5 % Chi RI&P 6% pf(r) * 3315 Loew’s [no (2) paid for Federal-State graded egss re- iled since April 10 last Official Canadian Control Board rates Washington has a delegation of | g1m 791 (hrseler Cocr oo 264 X 18% Loftine , .. ___ gelved from_grading stations (May @):| Prevatied since Api - for United States dollars: Buving_10| Several outbursts of buying ap- building and loan executives at the| 98 = 93 ity I&F ot 16.50) 9614 61 42'4 Lone Star Cmt (3)_. Uhites—U. 8. extras, G7iiih cents:| Before April 10 a 5-cent price had | Dren, S0t iatent to Gicountsn Sent | peared during the session, due large- conference of the Southeastern Di-| 40% 28 Clark Equip 1.25 2 37% 3% a7 2% Long Bell (A) U. 8. standards, large, 19-20 cents: U. 8. | been in force since April 2. gaginn dollars in New York ot “husing Iy to the serious European situation. - 5 1 5 5 vision of the United States Savings| 114%5 111 Clev El 1liu pf .50 112% 1124 ok foguelien e flandards, mediums. 10-17 centsi” U. 8| e nighest price for the metal | CaBanise astiir® o O%BE 0% .| Wheat closed 3-1% cents lower and Loan League which opened in| {14 34%Climax Molyb120.. 14 Al 162 149% Lorillard pf (1) - - ttias parde 19Ve-3% cents: U. 8 extras | since the European war began last | Barket 154 ver cent discount, or 84.25 tlhoa:x‘\vSnt}xrdny. May, 1. Louisville today. Among them are| 50 2% Golett Pend (50eh 16v 18 2114 16% Louls G&E (A) 1,60 lurge, 17-191; cents: U. 8, standards, me- | September has been the 51-cent Europe. LA oo William H. Dyer, Perpetual; Clark J.| 351, 28 Collina & Atkm'n 2o 3215 3214 32 35 32 MacAnd&Forb (7a) Sums, 1oLy Sontt, U 8, tiads 14717 | level which held from September 6, | aron: Britain, demand. 5.44%: cables, | S4%67 - July, Bergmann, Washington Permanent| 215 17 Colo'Fuel & iron . 20ty 31 27% Macy (RH) Co (1e) receipts—Whites, 16 cents, few higher: | 1939, until January 29 of this year. |343%; 60 a8 ALy [ JOWEES and a director in the national or-| 26% 23 Colum BC (A) 45e. 24% 11% Madis Sq Gar .60e _ mixed colors, 15% cents. few higher. The current 5-cent price equals the and, 2.02n: France. 1.95%: Germany, v 2o 3314 Magma Copper .50e. LIVE POULTRY—Market stronger on > 40.20n_(benevolent.” 16, s0): Greece, 6613 ganization; Martin A. Cook, Enter- | 264 e D N 2% Manats Sugar . brolers _and fryers. steady "on athers. | POSt-September low touched both in . 5n:’ Italy. ' 5.05: . Néther prise; F. Willson Camp, District| 72 5% ColumbG & EI 20e. 145% Man RY mod gtd(r) Fowl—Colored, all sizes, 17 cents: No. 2, | April and February. Building Assoclation and secretary | 3% €8 Col R 4 8;% . ' Man Ry m k18 ot(r) Roosters. Bot0 contr " Shickent L3 of the District Building and Loan| 45 441, cz'm":,'c,::mf. 4 4 Man Ry gtd (r)._. League, and Robert E. Buckley, Na-| 56 50 Comel Inv Tr (4).. 49 A Maracaibo Ofl < tional Permanent. 16% 13 Comcl Solvents 14 ne Midrd(.20e) The Kentuck: -| 33 307 ith £4 (1. ket Bt Ry pr pf.. tionsearlg in chzrgguélrd i:g r?)sr:?:ll: % 1 g:r“’n:“" 505“’:""?'“ % af.‘: 4 Mstabul) B3l 4) program. Mr. Bergmann will Lo| 24% 21% Conzoleum e.250) = 2 218 L O T T 9% 5% Conn Rwy & Lt ptf.. 815 Y Ly = one of the speakers. P 31% M: 1te C 1a). 31l 25 Consol Atrcraft _ 28 asonite Corp (1a)- - Honors Planned for Hanes. 16 7% Consol Cigar (.75e. % 12% 12% 25% Mathiason Alk 1.60. John R. McMullan, assistant vice g’fk 17“* Consol Cop M .15e 7 xm Egv’ n::::nctnmrl @) . 32% 30y Consol Edison (2) .. 1 et of . ihe Riggs Natlonal| 4o G o B e () "1 1084 1081 7% McGraw- Hill (:300) Bank, is attending the annual con- 10% 8% Consol Film pt .25k 9% 914 37, Mcintyre Porc (2a). vention of the North Carolina Bank- v el 3 1 -9% McKeesport Tin _. 4'% 3% Consol Laundries _ 3% 3% ers’ Association at Pinehurst this| 84 7 ConsolOu (80) - % Th T € McKesson & Rob week. The convention will pay spe- 415 31 Consolidation Coal 4% 2_51://: x:x!f: “ns&“_ .R::f. 1915 14% Container Corp .50 184 3 h ; ' clal tribute to Robert M. Hanes, 1o ol Gon rner Corn 808 A 91 Mead Corp 2 10 R Soken 39-21; Toosters. | seore), 2R arsts ms-on 27%28; sec- | at enrly ae'c'x'mu"miui'b'éfi :2‘5?’."’5.}5 Chicago Cash! M: et president of the American Bankers’ 1% 1 Contl Baking (B) % 64 Mead Corp pf (5)___ unds lored. white. small, LU, Btate, whole | Sh 1%: heled by the firm mmOty | No cash. wheat_ sales Association, Who is & North Caro-| grr ss comc) makis By aoen 29% Melville Shos (2) Sred 12 g 1S 03, WYY | iR 2:neid To30, | B A2t pactory dividena S5 earn: Rors: o7diariono. 1 "ehi: 737/.'“ o linian, 41% Contl Can (1) __ 45% 21 Mengel Co6% pf _ 1008 % Dounds, 25. T ",,,}f,/ - RS ARTSISter Canal and Mediterranean | 5078, O oie mixks” shali 8y 704 The Securities and Exchange Com- 6% Contl Diamond .25e. 8% 1315 Merch & Min Trans assoi 03 SafT o Ao creamery. 03 i 4 Dt 45°54 pondt 'B.‘ff.;'u o Gownvard In a0 irregular xed. 4015 Ngx" 41%: No_ 1 SiRL e e I Goai o s 28 Mesta Mach (1e) score. 87° ,5 o D6y hor 30V Ab | 1o%ls, 36-42 p ; cent foreign exchange 2 white. 4337 No. 3. 43% e. 2 65 1N 22, regulations again led to sales of forei ade whit Barle: . 2 90 cemnuua carlots, 14 Wn 13.,, 5. Frozer ein | arade white: 3 7] 3 31s Contl Motor 3 3% 8% Miami Copper .2! ¥4 ‘,, ded. e . stocks in order to buy domestic issues, omm. feed. 40-53 n mlna to officials of the National Associa- 2214 Cont O1) ¢ 25e) 23% 13% M1d Cont Pet (. atra fl""'l' ona "g’ e ?o_ : Fowl 7u 3042 Rouad 1e-19: 485 Boval Dutch and Canadian Pacific were sampie arade, 50. 8oy m” 5. No. tion of Securities Dealers to meet 6t CopLerwetd Ba A0 vy 33 Midland St1P(le).. 2 38% 87 Sl R e T ot recenpts.15; | Bounds, L7V-bY: do. % | weak sp Fhrelow 00 with it on May 14 to consider the A § uo 11 Mid Stl ist pt (3) L y Jiotate Dafked iy '- 18 irsts, 10: airt- | 1585, IGEENE, fryers, ) calourse prices fluctusted D Kevs: | widely afoer a Weak opening today. Closing ¢ commission’s “arm's length” bar- 58% Corn Products (3) - ) 54 47 Minn-Hon Ros (2a). e i Northwestern young hens. 1 i Josged’ Faniing To'around 4 mmu Were ‘& LTIMORE Mar s S heat. No. R RIS total U 8, 16-2314; 3 trifle above the 'day's lows, Amery gaining rule and a suggested amend- 7 Coty Intergational_. 4% 3% Minn-Moline imp shipments Baturdsy, TA5. Sunday. oo, 2376 youn 107502 stocks lost an e ‘of ‘around 1 poimt. | 7.14°0 "Inver. Earlicky. “spot.” domestic. ment to it. The securities dealers 19 Crane Co l:% ;"’: :“'lé:“ ‘.i.""’ (Q“" ; o e YR ties s webcae sy i itry dail sg T wm —— 98 Crane Co ev pf (5)_. : o-Kan-Tex pf __. % 2 1s, col 9! § . May 8 (. 1 umg::: ;.l:enf:;‘;.e{::‘::i“ Up 6% Crosley Corp. o 19 1% MoPacifiont ir) % % m“""fv.ud"{:l"fl’z'ééfin‘:'; 8 No 1, P Dieks “T0 5y Soras | Failures Total Down i ::: 'el:':". 3 > " rpet . 7 mostly 22 nsin - i o T, 4 g State and municipal financing for S CImmaCkR Bl . 110, 108 e o OE (8T U. 8. commercials. 1.60: Minnesota | 33-24: Reds. 21-22: Lesh 20| NEW YORK, May 6 () —Business May . 81 89 4 an” Notth anot- Red Rlver Vllley sec- a1l 18, Fowls. czuona T5:" some, xsb‘ failures in the United States d 81 90 90% 90%-91 April aggregated $59.947,694 as com- 15 Crown Zellerb'k le 118 116% Monsanto C pf 4.50. ton _Cobblers, 75 to 00 nt U 8. | Leshorn, few nearby. 18 Southern. of o | Getol nw. 93% pared with $77,960,786 for April, 1939, 89 Crown Zeller pf (6). ?: 45 Montg Ward 2.25e_. No. 1. few n:-m. 140-60: ’gyulhll%gm. Buliets, Srouey, 21‘1"-'“‘3": tlo_l mr?n'-'r'f.’. 2fi fil‘n;dz u;mmsfin 1zu:thwee:eceel:;‘lne(‘; 7% 37% 37% according to the Daily Bond Buyer. 344 Crucible Steel __. 10% Motor Products = _ Early Obion 75 16 A% ent 'U. 8. No. e pi eat.” N or'n. 3 The wgagl for the flrS{ four monyths 78% Crucible Steel pf___. 15% Motor Wheel (1 60) 1, xfu B0, ey volmk" rexa s week, but topped the comparable , .m No. 2 '}‘h'lu. avv.. of the year was $384421,850 as com P B L T 4 iumpn aiehy sttons: | Metal Market 1039 flgure of 281 for the third o s oom- 315 Curtis Publishing - 30 Mullins Mfgpf er d light. Track time this year, Dun & Bradstreet rared with $292666,873 for the first 40% Curtis Pub pf (2Kk)_ 10 Munsingwear .25 1 d less thi NEW YORK, May 6 (#.—Copper n 4 ng ‘ederal Lan four months of 1939. 914 Curtise: Wright 0% 87% Murphy (GC) (4)— : B et Fotad B hriont 00, Mo | SESIOES, it o Conpectient Valler,| reported today. o Today’s Trading on Exchange. 273 Curtiss-Wr(A) .500 5% Nash-Kelvinator 3 i io. " 1. B n&had. 25; " T Tin stead; e Bt 47 SV glor: B ol ORE, May 6 (P.—Pederal Land Capital Traction 5s sold at 1013 18! Cutler-Hamm'r .25 5y bonds: M + 4% 18% Natl Actne (.50g) . 18 3 . 8. No. 1 872, Lead ensy: New Yo | H sgain today on the Washington| 23% &Co . i +% 11% Natl Aviation . bhed, 30s40: Bilss Triumohs, | 5.00-5.08; Rast St. Louls, 4. 488"z ine wengy: | Odd-Lot Dealings % FEFR 202 & B3 £ Pivmouth Rock, | - Brown mess in the securities market today. The | Oct HE i [ 19%3T05 Nearny ‘and Midwestern "pe- | oite i, ne, securities m Blymouth - Rack, 20%a: clals. 10%. ighee: Tndustrialy were - meslected ot under l%noumllla. colored, k eggs, 19-20. slighfly lower levels. Selected Kaffirs 4 Rock, | | Butter, 424115. steady, ~Creamers, | showed rallyine tendencies ne Dateback ‘chickens 10-31. roosiers, | hisher than - extra, oty extra (92 | “N0s ol Eals over b, EEEESEEERERSEEL Sa% 2aB3R Sua a3 Sea 33 F " 8. No. Enst 8L, Louls, oot and forward. 5.1 Stock Exchange on a $2,000 turnover. 22% Natl Biscuit(.80e)_. 13 225 224 22% — % IFom. No. 5. 1.0 Eatern Sk oy oamis | B the Associated Press, %% - e, 53 00t Riaburma. 1838, 4T85, Securities Commission reported to- | 3 9 z Washington Gas Light common 1704188 Neu Biscun pan } g 160 162, 1 | Al bicycles stolen in Johannes- Alummnm . irein D9 per cent, 19,00 An- | day ihess transac tions | 3 198948 stock appeared on the board at 27% 125% 118% Detrott Edison (3e) lztm 120% 120% + u 19 16 1Bond & Inv(l). 1 18% 18% 18% + % e = 4 urg, Sou rica, spot” 1428, Quicksilver, odd m a \! mwmn -m: 8% De .26 18 e 353 b th Af) will have their " e s 7 th e and 58 shares of Lanston. Monotype 28l 15% Devael iiay A 2by 1408 16% 18 o 1% 18 Lan 3 | i Ao i pure, | Yorl cz‘lnli M 36% 33% Diam'd Match 1.50., 34% 4% 3% - u 8% 1 17% 17% + 4 | rear mudguards mlnud white by | 40.00. framite, - duty :w; fors May : 43! Plflflh o shanged ownership at 27 43% 38% m:onaupzuc. 40h 404 40% — ¥ Al mu u-unurnum. m- uou 109% 109% -1 the police, ’:38:“"" aetaestie. > Wflv}:‘h i§ lll:nrofin.h. srown on 2,000 i A A " ' Y ) )