Evening Star Newspaper, May 7, 1940, Page 16

E X‘C HANG E Selected Stocks Up S “$110 $3 a Share in Closing Hour Nrflnh'hmhmlhl. M Fuv IM nmma Rate. lll 109 Murphy (GC)pf(5). 8% 5% Murray Corp 7% 5% Nash-Kelvinator. 21% 13% Natl Acme (.50g) . 18% 11% Natl Aviation 24% 22% Natl Biscuit(.80e)_. 170%4 165 Natl Biscuit pf (7). 19 16 Natl Bond & Inv(1) Bllh In'. Dlvlflond MM. 53 53 Cushman §8 pf 22% 18Y% Cutl 23% 19% Dee: Co 284 25% Deere & Co vfll 40) 19% 16 Deisel-Wem-G 3760 5% 4% Del Lack & Wn 126% 118% Detroit Edison (3e) 18 Devoe & Ray A 2be. 86% 334 Diam'd Match 1.50 YORK STOCK 46100 High. Low. 10- 110 110 110 6% 6% 6% — 5% — 20% — 14% 14% 14% + 227 22% 22% + 2 168% lGflV. ll!‘/r In This District Lift March Sales Slightly Bank Review Discloses Stock a 3 Dl'ld!ll Rate. Abbott Lab (1.60a) Abbott Lab pf 4. ¢ Air Reduction (1a). Alaska Juneau .60, 44200, High. Low. Close. chae, ; “10% Bosoms-vas 260.. 29% 224 So Porto Bug (1) . 14% 8.B.Greyh'nd 1.50.__.. 28% Southn Cal £4 1.50a 11% Routhern Pacific 14'% Southern Raflwa 25'% Southern Rwy pf__. 1% Sparks Withington. 5% 20% 20% Al - % Allegh’y $30 pf ww. 8% Alleghany pf xw._. 12 10 12% +1% = 11 +1 2 13% Best Percentage Gains In Industrial Supplies By EDWARD C. STONE. Two hundred wholesale firms in the fifth Federal Reserve district, including Washington, reported an average gain of 1 per cent in March sales, according to the Reserve Bank of Richmond’s latest review. Sales were spotty, quite a number of de- creases appearing. The advance over February of this year was 6 per cent. Industrial supplies led sales in March, with a 31 per cent pickup | over the like 1939 period. Electrical goods sales came next with a 10 per cent rise. MiScellaneous sales by 45 firms took third place with a 4 per cent improvement. Wholesale dry goods business was 1 per cent better than last year, sales by 60 grocery concerns were 3 per cent higher and hardware sales moved up 4 per cent. Automobile supplies reported a 5 per cent drop in sales in March but a gain of 4 per cent over Feb- ruary. Shoe sales were off 14 per cent, drug sales were the same as last year, plumbing and heating demand was down 14 per cent, paper and paper products 6 per cent To- bacco and tobacco products were in the same demand as last year but registered an 8 per cent upturn from February, the review says. D. C. Furniture Sales Off. The Richmond Bank also reports retail furniture sales, showing that business in Washington was off 10 per cent in March but sales were up 3 per cent in the first three months oi 1940 compared with 1939. Sales in 38 stores in the fifth district were 5 per cent better in March than a year ago, 11 per cent better than in the three months. Maryland furniture sales showed a 12 per cent rise in March and 18 per cent in the quarter. Virginia scored a good record with a 7 per cent upswing in March and 3 per cent in the three months. ‘The best retail furniture sales gain in the fifth district was in South Carolina, business mounting 25 per cent in March and 28 per cent in the quarter. Peoples April Sales Off. Peoples Drug Stores, Inc, re- ported a slight drop in sales in April, compared with April, 1939, but an increase in the first four months of this year. Today’s report stated that April sales totaled $1820903.16, against $1,867,032.13 in April a year ago, a decrease of $46,12897, or 247 per cent. Sales in the first four months of this year totaled $7.452,128.56, com- pared with $7,221.02545 in the cor- responding four months of 1939, a substantial increase of $321,103.11, or 3.20 per cent. Peoples Drug sales in March amounted to $1.948538.11, against $1,859,621.33 in March, 1938, a run- up of $88,916.78, or 4.78 per cent. ‘Washington Gas Stock Listed. The Board of Governors of the Washington Stock Exchange today listed for trading the recently offered issue of 24,400 shares of Washington Gas Light $450 cumulative con- vertible preferred stock. This makes 60,000 shares of preferred now listed on the exchange. The issue was placed on the mar- ket last week by a syndicate of six Washington investment houses as underwriters. Common stockholders were given the first right to subscribe | for the new stock, which was offered | at $103 a share’ and was heavily | oversubscribed. ! No sales in Washington Gas‘ preferred were recorded today. The | market closed with 104 bid and 105%; asked, the quotation being ex dividend. Park Savings Payments Start. Receiver John F. Moran of the Park Savings Bank has began pay- ment of about $220,000 to a special group of depositors who had money in the bank when the charter ex- pired back in 1929. There are 8,000 of these depositors. About 1,000 official notices are being sent to the depositors every day. They are calling for their money at room 200 in the Riggs National Bank Building at Four- teenth street and Park road N.W. Depositors have to present their certificates to get their funds. A payment of 1212 per cent was made last December to all depos- itors of the bank. As soon as funds are available, another dividend will be paid to all depositors, including the special group which is included in the present distribution. U. S. Stake In Scandinavia United States exports to Norway and Denmark alone last year, says the Guaranty Trust Co., amounted to $56.000,000, and if Sweden and Finland are included, the total was $166,000,000, or more than 5 per cent of total exports. Imports last year from these four countries totaled $88,000,000 and consisted largely of wood pulp and paper, ores and metals, fish and fish oil, meats and cheese. The United States has a large financial stake in these countries. Investments in Denmark are es- timated by the Department of Com- merce at $103,000,000, while invest- ments in Norway are placed at $92,- 000,000 and those in Sweden at $26,- 000,000, making a total of $221,000,- 000. The investments in Denmark and Norway consist mainly of dollar bonds of the national governments, while all the know Swedish invest- ments represent the direct interests of American companies in Swedish enterprises. Financial District Comment. Emil Schram, chairman of the Reconstruction Finance Corp., will address the annual meeting of the New Jersey Bankers’ Association later this month. Harold Stonier, manager of the American Bankers’ Association, will also speak. Lanston Linotype figured in a 20- ghare sale on the Washington Stock Exchange today at 27!%, unchanged from yesterday's sales. Mergenthaler Linotype registered 15 bid and 17 asked; no sales. Cap- ital Transit was also quiet with 1434 bid and 15% asked. 5 ‘Washington Chapter, American Institute of Banking, holds it annual slection Thursday night in the chap- ter headquarters. New York Bar Silver NEW YORK, May 7 (®—Bar silver, 34%, unchanged. A 182 171 O 41% 21 75 12% 9% 45% 133 116 3219 51% 231y 9y 34 2% 24y 6314 105 163 17% 913 151 5% 123 101 12 5214 8l 32 22% 15% Tw 61y 43% 9ty 9 100 57ty 228 2215 25% 110 9% 51 7 124‘A 1047 127 36% 221y 86 125 28% 29% 1231 T0% 29y 24y 257 36% Ao 13% 23% 2414 63w 119 1214 72 3% 114y 11% 41' 8% 36% 21% 30% Allegh'y prior pf _ 18 Alleg-Ludlum .25 Allted Chem (6 T4 Allled Stor: 32% Allis-Chalmers .5 17% Am Ag Ch Del .30 41% Am Airlines 9% Am Bank Note. 5% Am Bosch 38 Am Brake Shos 306 130% Am Br Shoe pf 5.26. 112 AmCan (4) 23t4 Am Car & Foundry. 38% Am Car & Fdry pf__ 19% Am Chain & C .80e 81% Am Crystal S pf (8) 2!» Am Encaustio Ti} . 113 Am & Foretgn Pwr 18 Am&F P 6% pf.60k 21% Am&F P 1% pf.70k 28 Am-Hawia'n 88 (1) 4'x Am Hide & Leather. 56% Am Home Pr (2.40). 2% Am Ice - Am International 50‘c Am Inv Il pf (2.50) 184 Am Locomotive 13 Am Mach & Fy:.80) 21'3 Am Metals (1e) - 23": Am News Co (1.50). Am Power & Light fil‘u Am P&L 86 pf 2.25k Am Radiator 154‘. Am Radiator pf (7) 60s 154% 13% Am Rolling Mills 43 14% 641 Am Roll M pf (3k)_ 1 66% 29% Am Ship Building . 344 46 Am Sm & Ref (le). 60 Am Snuff (3a) 25% Am Steel Fdry .50e_ 12 Am Stores ( 25e) 81 Am Sugar Rptf (7). Am Tel & Tel (9)_. Am Tobacco (5) . 86% Am Tobacco(B)(5). 144% Am Tobacco pf (6)_ 4% Am Type Founder: Am Water Works _ Am W W 1st pf (6). Am Woolen Am Woolen pf llk). Am Zinc Anaconda (.25e) Anchor Hoc Gl .15 Andes Copper .25e Armour «111) = Armour 1) pr pf Armstrong C'k .50 Artioom Corp Assoc Dry Good Assoc Invest pf (5) Atch Top&Santa Fe Atch T&SF pf 2 60e AtlGulf & W Ind _ At Gult & W Ind pt Ati Refining (1) Atl Refining pf (4). Atlas Corp (.25e) __ Atlas Corp ot 13) Atlas Powder 1.50e. Atlas Powder pf(5) Atlas Tack Austin Nichol Aviation Corp . Baldwin Loco ctfs Balti & Ohio (r) Balti & Ohlo pf (r) . Bangor & Ar pf (5) « Barber Asphalt .50e Barker Bros Barnsdall Oil .30e__ Bayuk Cigar 25e _. 26’ Reatrice Crea (1a) 1047» Beatrice Crea pf xw 120% Beech-Nut PgK (4a) 26% Bendix Aviat'n (1e) 21 Beneficial Loan 45e 70% Beth Steel (2.25e) . 115 Beth Steel of «7) __ 19% Roeing Airplane Boeing A rts May 24 21'% Bohn Alum'n (.2 117 Bon AmitA)(4a) 62 Bon Ami (B) 2.50a_ 22 Bond Stores (160)_ 21% Borden Co (.60e) .. 21% Borg-Warner(.50e) 31 Bower Roll B (3) 6 Brewing Corp (.60). 10% Bridgeport Brass _. 19 Briggs Mfg (.50e) . 13'3 Bklyn:NMan Transit. 43 Bklyn-Man pf ctfs_ 1'; Bklyn & Queens . 15% 24% 179 814 824 1179 9 " 8k 9 32% 27 107 83y 47 63 111 20 Bklyn Un Gas .50e. 4 Brunswick-B 25 84 Bucyrus-Erie 101% Bucyrus-E pf (7). 4% Rudd Mfg 3714 Budd Mfg pt _. 4% Budd Wheel 20 - Rullard Co ( 25e) _ 28% Bulova Watch (2a). 18 Rurlington M (1) 10 Burr's Add M 20 314 Bush Terminal 613 Butler Bros (.15e)_. 11 Byers (A M)Co ___ 211 Calif Packing .25e_. 1% Callahan %inc - 612 Calumet & Hec .50e. 13% Campbell Wy 65 16'; Canada Dry 4% Canadian Pacific 37% Cannon Mills (.50e) 2813 Cap Adm pf A (3) 23 Carpenter Steel 500 215 Carriers & Gen 0be. 474 Caterpillar Trac(2) 26% Celanese Corp .60a._ 1074 Celanese pr pf (7). 97 Celotex Corp, 62 Celotex Corp pf(5)_ 2% Central Foundry _ 111% Cent LIl L pf (4.50)_ 6% Central Vio Sugar _ 35! Cerro de Pasco (2e) 6ia Certain-teed 27% Certain-teed of 18Y% Chain Belt (.50e) _ 21 Champ Pap& F 15e 414 Chesapeake Corp (r . 38% Ches & Oh1o (2.60)_ 2 93% Ches & Ohio pf (4) 16% 6% 91% 14y 98 40% 1141 43% 80 41 45% 131 20 110% 1 84 104 19% 1% 2% 27% Curtiss-WriA) 1's Chi & East 111 pf (1) 1'% Chi Grt West pf (r) “«ChiMStP&P(r)_. ' Ch1 M St P&P pf(r) % Chi & Northw'n (r). 107 Cht Pneu Tool - 815 Chi Yellow Cab (1). 11'» Chickasha Cot Ofl_. 4% Childs Co 79'2 Chrysler Corp 2.50e 12% City lce & Fuel 30e 93 City 1&F pf «8.50)__ 28 Glark Equip 1.25e _ 111 Clev EI 1llu pt 4.60 3519 Clev Graphite.40e) 76% Clev & Pitts (3.60)_. 347% Climax Molyb 1.20 357 Cluett Peab ¢ 118 Coca-Cola (.75 15% Colzate-Pal-P «. 50) 3 Colo & Southern .. 23 Colum BC (A) 45e. 22% Colum B C (B) 4be 49 Comel Inv Tr (4).. 13 Comel Solvents 30% Comwith Ed (1.80 1 Comwith & South'n. 21% Congoleum (.250) 25'» Consol Aircraft 7% Consol Cigar (.7 86 Consol C pr pf 6.50... 7% Consol Cop M .15e. 30% Consol Edison (2) 107 Consol Edis ot (5)-. 7 Consol Film 7 Consol O1) 1.80) 100% Consum Pw pf €.50_ 14% Container Corp .50 1 Contl Baking (B) 86 Contl Baking pf (8) 41% Contl Can (1a) 38 Contl Lnsur 1.60a) 3ia Contl Motor ... 221 Contl Of] 1.26e) - 15% Copperweld Stl .40e. 52t Copperweld pf 2.50. 52% Corn Exchange (3). 58Y% Corn Products (3) .. 4% Coty Inc (.25e) 74 Coty Internation: 19% Crane Co 98 Crane Co cv pf o) 28 Cream of Wheat(2) 27 Crown Cork & Seal 371 Cr'n C&S pt xw 2.25 15 Crown Zellerb’k le . 89 Crown Zeller pf (5) 34% Crucible Steel .. 64 Cuban Am Sugar.. 1214 Cudahy Packing 26 Cuneo Preza ( 2% Curtis Publishi 40% Curtis Pub pf (2k)- 914 Curtiss- Wright L 108% Y 108‘0 ® [0 191 PNV - JOPQUPRe P - 82 Cushm'n §7 pt 1L.76k X 16% +1% 25% + S 179 =4 84 2% - % +i+ +1 { s e, - e 1 B ¥ FEEF FEIE FFEF FF F ++++ 00 e S ESEE BEE S + oA+ E+ FEFEFEF F TF a2 R A o IS B S R LI+ + L L FEE s eepses mau + % 18% + % 10% 20 14% 24% 7% Diam T Motor 18% Distill-Reagr (2 11% Dixfe-Vortex .25: 16% Doehler Die C.2 17% Dome Mines (2) . 75 Douglas Afr (3g) .. 142 Dow Chemical (3).. 14% Dresser Mfg 198% 175 Du Pont (1.76¢) __. 17 126 122 Du Pont pf (4.50)_. 3 44% 2615 Eastern Afr Lines 9% 187% 125% East Aor rts May lelDBOl 2\4. 6% 4% Eastn Roll Ifllll Mfi% 145’ Fastman K 27% Eaton Mfg ( 502) I'A % Eitington Schild 41% 34% Eleo Auto Lite .75 124 Electric Boat 60g. 1% Electric & Music... 4% Blec Pwr & Light 221 Elec Pwr & Lt 36 pf 26% Elec Pwr & Lt $7 ot 1'4 Elk Horn Coal 347 El Paro Nat G (2)__ 8 FEng Pub Rervice 50 Eng Pub Sve pf 6 50 Erie RR 18t pf (r).. Evans Products Ex-Cell-O (.40e) Fairb’ks Morse(1a) Fafardo Sugar 50 Fed Min & Sm 2 Fad Motor Truck . Fed Water Sve (A)_ % Federat Dep St 75e. 37% Fidelity Phoe 1 R0a_ 18% Firestone Tire K0e. Firestone pf (6) First Natl Strs 2 60 Plintkote (1g) 5 Florence Stove f0e. Florsheim (A)(2)__ Francisco Sugar . 4% Freeport Sulph (1) Gabriel (A) Gair (Rohert) Gen Am Tra 2 275g. 7% Gen Baking (.15e) 2 Gen Cahle 4 Gen Cahble nf - % Gen Cigar pf (1) Gen Electric ( 35e). Gen Fond= (2) Gen Gas & F (A)_ Gen Milis (4a) Gen Mille nf (5) Gen Motors (1.75¢). Gen Mators nf (5) _ Gen Out AA(A) 2k . Gen Print ink 10a_. Gen Realtv & Ttil__ Gen Shoe (120) Gen Steel Cast nf Telephnane 1 20 Gen Thea Equ 20e . Gillette Raf R ( £0). Gillette 8 R nf (5) Gimhel Rros _ Glidden Co 2 Gohel (Adolf) Goebel Rrew ( 20) .. Goodrich (RF) = Gondrich(RFInf(F) Goodyear T&R .75e Craham Paige Granby Consol .50e. < Grand ["'n'om x oty Grant (WT) 120e__ Great North'nnf _ Grt Nor O ctfs 75e_ Great Wn Sug (2) __ Green (R1) ((23)_. Grevhound (1) Grevhonnd nf ( 55). 2 '. Grumman Aircraft Hall (WF) Prtg (1) Hanna(M)nf(5) Harb-Walker ( 50e) Hat Corn pf (6.50). Haves Mfg Corn Hecker Prod (80)__ Herculex Mot 25e Hercules Powd £0e Hercules P pf (§) Hershev Chac (3) Hinde & Dauch 25e. 4 Holland Furn .50e__ Holmander (A) - Homentake (4.60) Houd-Her (A)(2.50) Houston O} Howe Sonnd (3) _ % Hudson Bay (le)_ Hudson Motor . Hupp Moter 11inois Central ndust Ravon 50e Tneersoll-Rand (2e) 4 Tnland Steel (2e) Inspiration Conner Insurshares ( 202) Tnterchemical( R0e) Interchem pf (6) 4 Interlake fron Intl Bus Mach (62) Int) Harvester 1 60 ntl Avdro-F) (A) . Intl Mercantila Ma_ Intl Mining (.10e) . 4 Intl Nickel Can (2). Intl Nickel pf (7) _ i Int] Paper & Power 80 Int] Pap&P nf 1.25e 19 Intl RyCA pf 3.25k_x 10s Intl Shoe (1.60) 2 Int] Tel & Teleg Intl T & T for'n cfs. R Interstate Dept Str 82 Interstate DS pf(7) 134% Ji s (WB)(.375¢) 45% Jewel Tea (2.40) ___ 67 Johns-Manvill - 13 Kalamazoo Stov .50 Kan CP&L 1st B(6) Keith-Al-O pf 3.50k Keisey-Haves (A) 4 Kelxey-Hayes (B) Kennecott Cop .25e Keystone Steel 25e Kimberly-Clark (1) Kinney (GR) $5 pf. Kre: (SS)120a_. Kroger Groc (2) Laclede Gas . Lambert (.75e) _ Lee Rub & T (.75e). Leh Valley Coal Lehman Corp (.40e) Lehn & Fink 25e Libbey-Ow-IF (1e)_. Libby McN & Lib Lizg & Myers(B)éa Lige & Myers pf(7) Lily Tulip Cup 1.20. Link-Belt (1) Liquid Carbonic.60e Lockheed Aire.____ Loew's Ino (2) Loew’s Inc pf (6.50) Loft Inc - Lone Star Cmt (3) Lorillard (.30e! Lorillard pf (71 Louis & Nash 1.25 Mack Trucks Macy (RH) Co (1e). Madis Sq Gar .60e _ Magma Copper .50e. Manati Sugar = Man Ry mod gtd(r) Man Ry m gtd ct(r) Manhat Shirt (1) Marine Midr'd(.20e) Marshall Field 40 Martin (Glen) __. Martin-Parry _ Masonite Corp (1a Mathieson Alk 1.50. May Dept Strs (3)._. Maytag Co pf (3) .. 14% McCall Corp (1.40)- 147% McCrory Strs (1) ... 22% McGraw Elec (1) _. T4 McGraw-Hill (.30e) 37 Molntyre Pore (2a). 9% McKeesport Tin .. 6 - McK(¢ n & Rob 7% McLellan Strs .4 9% Mead Corp - 64 Mead Corp pf (6) ... 29% Melville Shoe (2)__ 13% Merch & Min Trans 3520 28 Mesta Mach (le) . 8% Miami Copper .20 13% Mid Cont Pet (.40e) 21% 111 M1d 8t ist pf (8) 54 47 Minn-Hon Ros (2a) 4% 3% Minn-Moline imp 48 37% Minneap-Moline pt 1 9% Mission Corp (.658) % % Mo Pacifiopf (r)__. 119 104 MonsantoCh (2) 121% 118 Monsanto pf B 4.50 45 Morlg Ward 2.25e _ 26% Morris & Es (3.875) 10% Motor Products . 16% Motor Whee! (1.60) 21% Mue! 4 Mullins Mg 80 Mullins Mg pt 5% 10 Munsingwear .3 67% Murphy (GC) (6)—— R‘fi 20% 49% 454 L ) 101 R 13015 126 FfW K1 127'% 12314 FRY, s 10 8% & v 15% 141 3074 24 24% 197 1% 3 108 36% 28% 1R 2014 514 1% 19 25% 201, 108 101 o8y 231 104 91 4% A% 1% 9% 2116 14 1001: 874 1301 PP P P e PP Y YO ey e 'S - =S —Ron M R - 03 109'4 105 180 171 23% 19 41 36% 18% 5% 41% 27% 3T% 334 109% 106 39y% 181 46% 424 254 23% 102 149% 54 23% 27% 11% 331 2% 14% ® o § €0 6 00 <310 b 1 ek O 1k 59 O =3 09 1t €9 00 1O 1k DO TN 0O B N 53 00 1 B ek et 1 03 10 00 N O N IR - > - S AN ANE 0~ 34% W 10414 44% 18% A58 24% Bla 37 L) 7% 17 6% 49 "% 614y 1284 Fd7y 1261 57% £5% * 14% 29" 2214 1114 L3 16% 121% 63% 4 4T% 10% Y% 1184 121% ‘Z 166% 166% 23 28% 27% 8614 25% 44 42% 39y % 4% 6 l‘$7\/¢ 156% 2 34% Y% 39% 16% 1% 5% 1041 448 184 5% 24 3 14 T3l 117 2614 48% a3 96y 128! K374 1264 574 8% & 14% 29 22 1114 A7k 44 ™ 1% 2 274 16% 32y 29% 10% 16% 120% 63% 4 A% 10% % 11T% 121% 45% 26% 14% 17% 22 A% 32 13 8% L++ 41 [N 14+t FU e+ ERE FF F X i+l =7 P £ F FFFEF FEZF - - FEF FELEE PF EERFERE EFFPe 2 205 18% Nat'l Bond & S.30e._. 16% 13t Natl Canh Reg (1) _. 13% 10% 18% 16% I Dairy (80) _ 114 109% Nati Dairy pf B(7). 6% 5% Natl Dept Stores _. 26% 23 Nat) Diatillers (2)_. 12% 9% Natl Gypsum __ 22t% 19% Nat) Lead ( 60) . 173% 165 Natl Lead pf(A)(7) 8% 7% Natl Pwr & Lt 60__ 73% 63% Nat) Steel (.50e 9% 7% Natl Supply 8% 3% Natl Tea Co 10% 14% 11% Newport Indus ... 50 41 N Y Alr Brake n-). 14% N ¥ Central 29% N Y Ch1 & St L pf _. 31 N Y COmnibus (3)_ WNYNB&H (r) 13% N ¥ Shipbilding 2815 Noblitt-Sparks 6! 20'4 Nor Am Aviation__. 20% Nor Am Co (1.20) 55 No Am 5%% pf 2.876 88 North'n Central (4) 7% Northern Pacific 3% Norwalk Tire 613 Ohio OIl (.20e) ____ 23% 18% Oliver Farm Equip. 14% 13 Omnibus Corp 1.20_. 112 103% Omnibus pf (8) 18% 12 64% 104 6% 23% 1214 18% 39 33% B4 2674 35 26% 23% 58 90% v bla B34 15% Otis Elevator .35e_.. 915 Otis Steer - 59'% Owens-I11 G1 (1e)_. 5% Pac Am Fisherie; 5'a Pacific Coast 1613 Pac Coast 1st pt. 8'4 Pac Coast 24 pf 31% Pac Gas & Elec ( 42% Pao Lighting (3) 13 Pac Mills 4% Pac Tin Consol .20 34 Packard Motor 15% Pan-Am Airwa; % Panhandle 2100 Paraffine pf (4). 7 Paramount Ple 1% Park Utah M .10e _, 42% Parke Davis (.80e). 18 Parker Rust (1a)_ 1% Parmelee Tran Pathe Film Patino Mines _ Penick & Ford (3) Penney «JC) (.75e). Penn Coal & Coke _ Penn-Dixie Cement. Penn-Dixie Cem pf_ Penn Railroad (1) Peoples Drug(new) Peoples GLt&C(1e) Pere Marquette pf_ 6 Marq pr of etrol Corp (.70%)._. Pfeiffer Rrew (1) _. Phel Phila Co 6% pt (3)_. 4 Phila Co pf (6) - Phila& RC& 1 (r). Philip Morris (3a) Phillips-Jones - Phillins Petrol (2) Phoenix H pf 2.625k Plerce Otlof Pillsbury Fl (1.60) Pittsbgh Screw .16e Pitts Steel - Pitts Steel pr pf___ Pitts & W Va - Plymouth Oil 1.40 .. Poor & Co «B) & Port R Am To A(r). Preszed Steel Car Pressed Stl C 1st pf Pressed St C 24 pt Proctor & Gam (22) Proctor & G pf (5) Pub Sve (NJ) 6oe . Pub Sve(NJ)pf(5) Pub Sve(NJ)pf(T). Pub Svc(NJ)pf(8)._ Pullman (.25e) Pure Oil - Pure O1l of (5) Purity Bak ( 25 Quaker St Oil . ‘NM - "2 Radio Corp (.20e) _ Radio C ev pf(3.50) Radio-Keith-uUr (r) 4 Rayonier Inc Rayonier pf (1k) __. Reading Co (1) Reming Rand (.40e) Rem R'd pfww 4.50 Reo Motor vtc ctfs_ Republic Steel Rep Stl ev pf 7.50k. Rep Steel pf A (6) Revere Copper Revere Cop 6%% pf Reynolds Metals Reyn Tob (B) (le). Richfield Oll (.50g) Ruberoid (1.10g) Safeway Strs 75e Safeway 8 pf (5) St Joseph Lead (1) St L-San Fr pf (r) St L-So'wn pf (r) Savage Arms (.50e) Schenley Distillers Schulte Retail 8 (r) 4% Schulte RS pf (r)_. 40's Scott Paper (1.60) .. 14 Seaboard Afr L (r). 17% Seaboard Oil (1) _. 80% Sears Roebuck (3).. 12 Servel Inc (1) ... 12% Sharon Steel 4% Sharp & Dohme 40%; 36 Sheaffer Penn 1.508 13% 10% Shell Un Oil (.60g) 108% 105 Shell Un O pf (5.50) 1 1 6% 5% Silver King (.10e)_. 1 24 20 SimmonsCo _... 2 22% 1815 Skelly O1) (.26e) 3 11274 1128 Sloss-Sh pf (6)cald. 20s 1 11%s 9% Smith & Coro .50 1 - 1181, 112"-‘ 41', 39% 611, 4 157 43 Rty 22 53 1111% 104 42 36% A 3ty 19% 11% % 15% 5% 19% 13% 11% 1% 110 5% 24% by 204 171% 8 65% 8% 6% 9% 11% 45% 19% 13% 1% = 17% ~ 110 + 5% — FEFF *##S*ti# 21 Spencer Kell (1.60). 41 Sperry Corp (2g) .. 87 Splegel, Inc (.30e) 60 Spiegel inc pf 4.50 . 29% Square D Co (.30e)., 6 Stand Brands.20e . 10% Stand G&E $6 pr pf. 134 Stand G&E 87 pr pf. 22 Stand Ofl of Cal (1). 26 Stand Ofl ind (1) 40 Stand O1I N J (1. 2814 Starrett (LS) .50, 6% Sterl'zs Prod 3. !05 - 7% Stewart-Warner___ 5 Stokely Brothers... 9% Stone & Webs! 9 Studebaker _ 15% 32 32 56% Sun Of1 L3 25 33 22% 22% 90 22 Bwift& 42% T FEEE F R OFSF 10% 3% & Thomp Tide W 's Timken 12% 8 20th Ce; 20th Ce; |§II+IJ‘II| FERPTEEFIEE Un Tan Unit Al Unit Af; 5% United 111% Umit Bi: 54% 2 Unitea 36% United 5 United 5614 Unitea United 4 Unitea Sm u u us us us us us U S Ste tidi+ 141+ FEFTI#IFS Unit St Unit St 2 Vadsco Vanadi Van Ra; Virgini; Wesson 108 115 25% 1024 West'n West'n Weston Wilcox Willys- Wilson +ak000 i ‘l“ Wright % A 19% 16% Yellow ‘2:: = 481 37% Ygstwn 175 + 85% o+ 121a = 18% 4% - 391 + 12% + 106 5% = 201 21% 1128 9% + % Y 17% 85% 124% 13% 4% 3915 12% 106 5% 20'y 21% 1128 M Appmx.mata Sales 12% 13% 43 3915 12% 06 54 204 21% 128 9% r In oankrupte: & nnrflm RSt o bursements based lon . Unless ‘atherwi included Aee\mfll o drm ated givid far this year o stock 9% Sunshine Min 1.6 20% Superheater (.50)__ 2 Superior Oil fi% Syming-Gould xw.. Telautograph .10, Mfi Tennessee Corp. Texas Corp (2) __. 32% Tex Guif Sul (2) __ Tex Pac C&O (.40)_. 5 Tex Pac Ld Tr 10g. Texas & Pac Rwy__ 11% Thatcher Mfg (1)_. Thermoid Thompson-Star pf _. Tide Wat As O .40e Timken-. 5% Transamerica (.60) Transcont! & W Afr Ulen & Co (r) Un Bag & Pap.15e). Unlon Carb (1.10e)_ Union Pacific (6)__. Union Pac pf (4) __ Unit Carbon (3) : Unit Mer & Mfg .60e US & For'n Secur _ U S Gypsum (2) U S Gypsum pt l'l)_ U S Hoffman U S Indus Aleohol . S Leather (A) S Pipe & Fdry (2) Realty & Im(r) Rubber Rub 15t pf (2e). Steel (le) __ U S Tobaceo (1.28) U 8 Tobacco pf 1.75 Webster Eisenlohr West Penn E pf (6) West Penn E pf (1) ¢ W Va Pulp & P .15e Westh'se A B 50e Westhse Elec 1.75e Willys-Overiand Wilson&Co pf (3k) - Woodward Iron Woolworth (2.40) Worthington Pump 6 Worth Pump pr pf_ 2 ¢ Worth Pevprpt _. 21% Yale & Towne (.60)_ 1 17% 141 Zenith Radio (le) . 4 3. Total Sales for the day. 580,00 80nit of trading 10 enares tes of dividena in the forcgoine table 1 Payable in stock ¥ Accnmnlated dividends oain or declared this vesr (1a) Co (1.20) . Prod(.75e)- A ODL4.50. Det Ax (1). R B (.50e) _ warBrornnSealeantrenednnan ++1 ntury Fox _. n F pf 1.50_. k Car 1.20a_. reraft (2g).. T Lines Biscuit .50e_ scuit pf (7)_ Corp Corp pf (3)-. Drug + o1+ R+ Unit Dyewd of (1) Unit Eng & Fy (le). Fruit «4) Gas Imp (1) Paperboard . & Ref (2e)_ el pf (7) i+ ST 80 ++ ockyards kyds pf .70 Univ-Cyclops S .20e Univ Leaf Tob (4a) Sales _ um alte (1e Vick Chemical 2a) Victor Chem (.30e) Va-Caro Chem an R pf 1.50. Walgreen (1.60) Walker (H) (4)_ % Walworth Co Ward Baking (B).. Ward Baking p? Warner Bros Pict Warner Bros Pic pf % ++ YW O&S pf (4) ) 5 Auto 8 (2) Union Tel PI++ 10 ++4 4 El Inst Westvaco (1.40) Wheel&L E pf 5.50 Wheeling Steel White Motor White Rock L 2 White Sewing Mch 10508 971, 301, 12% 91y 64 20 3t 6 Oil &G 10e 4 35 10 15 Overl'd pt _ & Co 23 0 +1% +1 4 +1% 119% —2 22% + 1 17% + 34 Aero (2g) _ "(‘s 120‘ 119'7 22% 2285, 3 1% 1% 13 43 42, 43 + 3, 15% 15% 15% + % of Stocks on the N. Y. StocksExchange. 12:00 Noon __ 220,000 400,000 Truck Sh & T .25e 2:00 P.M Or receivership or being reorgan nised securities assumed oy such co anies it i) ais. the last quarterly or semi-annus) feet TWise noted sbecial or extra dividends are mor °L gna 3 X Ex rights a nas” oaia Taet rear At De " Pata Sazt vear Vick Chemical Votes Usual Dividends By the Associated Press. NEW YORK, May 7.—Vick Chem- ical Co. directors yesterday voted the usual quarterly dividend of 50 cents & share on common stoek, also the usual extra dividend of 10 cents a share, and in addition declared a special fiscal year-end payment of 60 cents a share, or $1.20 in all. ‘The dividends are payable June 1 to holders of record May 1. Thus far in 1940, payments voted total $1.80, contrasted with $1.20 in the first 1939 half. In all of 1939 the company paid $2.40 a common share. Dividends Announced NEW RK. May 7.—Dividends de- clared. (Prwlred by mm Publishing Co.) Initial, Pe- 8tk.of Pi Rate. riod. record. Wl‘lcomm‘ll il $1.18% Q 5-15 Wisconsin Elec Pow' 106 = 515 Extra. Empire Capital % Bheafter Fent. P A~ g Accumulated. Chicago Corp 83 pt _78c __ crease. Aluminum Indust ___.1 Prichaur. Tradler ~ 38¢ Resular. Acme Steel Amer Fork & ‘Hoe Arkanass Pow & Lt 37 bt Barlow & !oel Beau Brummel ll 1" Boss Manufacturing Bulolo Gold Drd Ltd Coca-Cols ... 0c _ 2 50 Coca-Cols Internat ’5 lfl Eressed Metals of Am onds Baw & emmm Odd-Lot Dealings By the Associated Press. ‘The Becurities Commiseion reported to- customers with aflkh: mnmum‘zn RO o HII 6: 3,108 I.nvul B e ettt | o United Aircraft Elevates Wilson To Presidency Former Navy Officer -Has Served Concern Since 1930 By the Associated Press. NEW YORK, May 7.—Eugene Ed- ward Wilson was elected president of United Aircraft Corp. at a meet- ing. of directors yesterday. He suc- ceeds the late Donald L. Brown. Raycroft Walsh, former general |J manager of Hamilton Standard Pro- peller division, was named vice president. Wilson has been associated with United Aircraft since 1930, when he resigned from the Navy with rank of commander and was made presi- dent of Hamilton Stardard Pro- peller Corp,, a United Aircraft sub- sidiary. Later he became president of Sikorsky Aircraft Corp., another subsidiary, and still later president of a third subsidiary, the Chance Vought Corp. Since 1937 he has de- voted his time to the office of senior vice president of United Aircraft. service. A qualified naval aviator, he served with the aircraft squad- rons, scouting fleet and as chief of sw{ of the aircraft squadron, battle flee! ‘Wilson was born at Daytor:, Wash., went to school in Seattle and grad- lll:of:d from the Naval Academy in Directors of the tion an- payable June 15 to holders of record May 31. In 1939 company paid 75 ‘Wilson played an important part | Oct. in the development of air-cooled |5 radial en:lneu during his naval | Dec. nounced a dividend of $1.50 a share, | Sales. New York Cotton By tte Associated Press. NEW YORK, May 7.—Cotton fu- tures were heavy today on a further sharp drop in the “free” pound sterling. Domestic and foreign accounts of- fered contracts freely. Bombay was estimated to have sold about 20,000 bales. Buying power was restricted to New Orleans and the trade. Some demand was in anticipation of a technical rally following the past week’s decline. Midafternoon prices held un- changed to 5 lower; May (old), lq'55 July (old), 10.26; December, Futures closed 3-5 lower. MI.Y ——— lflm m"" cnntrllcl‘ July Oct. el o255 53 s2gnea 55 223 Cottonseed Oil. I b]! CO(:‘oflll!.sd o%n"l‘:“{:‘ e‘l:“d o’ 3 2 C Cf ay, | 8.1 fiO -‘lll.Y 6.82b; Sep! NLE o ber, 6.80; December. 805, b i, O Nev Orleans Prices. NEW Ol tures deeun today domestic auatian. steady at net louel of under - foreign and Glosing prices were 9 points. 10. an M: Clnu 10.6: m 40 1033 bt 1!\40 55 Septem| 38b: oo b~‘Momaber A'Mh Decer Bultimore Stocks Special Dispatch to The Star, BALTIMORE, May 7.— A Balto Teansie . 5 10%; Clogg o0 Cono} Ev'eom cents in June and $1.25 in December. cuh will have a birth-control 4 *te lb 5| Wheat closed 1;-75 lower than yes- Optimistic Business Reports Help to Bolster Market Stock Averages 30 18 18 60 Indust. Rails. Gtil. 8tks +2 +.1 —1 +1 18.6 Net change.. Today, close 71.2 Prev. day.. 710 185 Month nso '729 194 - 185 = 74.2 205 ... 699 180 - T1.0 238 . 1939 low... 588 15.7 416 60-Stock Range Since 1927: 1937-38. 1032-36. 1927-29. High ... 753 728 1571 Low ... 337 169 618 (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, May 7—Traders, idling during most of today’s stock market, turned to the buying side in the final hour and pushed up a handful of issues 1 to 3 points. While definite market clues from the war were lacking, a little stim- ulation was derived from earning statements, optimistic business items and the feeling that the market had been acting well in the face of the ‘cloudy foreign picture. The address of Prime Minister Chamberlain to the House of Com- mons, explaining the British retreat in Norway, proved a “dud” so far as any real reaction on prices was con- cerned and in brokerage offices was termed an “anti-climax” to the already published allied reverses in Scandinavia. Although threats of an upheaval in the Mediterranean were still viewed as an important question mark, the majority of boardroom customers were more bullish than otherwise. Volume was inconse- quential the greater part of the day, but better than yesterday. The turnover approximated 600,000 shares. United States Steel and Bethle- hem edged forward, and independ- ent strength was displayed by Mont- gomery Ward, United Aircraft, At- lantic Refining, Dow Chemical, Westinghouse, United States Rubber preferred, Eastern Air Lines and American Airlines. Up at one time or another were Chrysler, Douglas Aircraft, Amer- ican Smelting, Chesapeake & Ohio, Loft, Worthington Pump and Cel- anese. Chicago Grain | By the Associated Press. CHICAGO, May 7.—Wheat prices {moved uncertainly today and after recovering small early losses sagged again in late trade to register de- clines of as much as a cent a bushel* under the previous close. July and September contracts, new crop deliveries, led the downward | movement, with the former dropping to $103', off 1% from the day's high, before encountering support. The Kansas Weather Bureau re- ported that more rain fell in Kansas last month than in any other April in 11 years, although western * counties were said to have been | badly slighted in the distribution. | terday’s close; May, $1.05%; July, | $1.0355-% : corn unchanged to % higher: May, 65: July, 65!%; oats, unchanged. Earlier wheat was up as | much as 53 cent. | WVHEAT—Open. High. Low &l Close. 1.05% 1.06% 1.05% 1 0474 031 0512 1.03%-% 1.04-04% .65 681 [6612-68 41% & 3 o 0 May | Juty Lod%e 1 | September 1.0 CORN— 4 81 51 1 K3 Sam azzBR | 38x 37283 232 2 F 6.15 Chicage Cash Market, GAsh wheat, No. 2 mixed. 98: No "h-rd 1.4 No."1 yellow. 673 0 O3t No. 2 white, 42 4. 41: 'sample Bariey. maliing. " 33- 96, feed. 40-50, noi 8oy beans. No. yellow, 1.09%; N 1.087 No. 4» 1.07%a. i 3813 Winnipeg Prices. (#.—Grain range Prev. A 0" 901y B2Y .92Y% 37% 7% Ve No z‘. Low. Close. 8Bl B 80 92% Short-Term Securities (Reported by Smith, Barney & Co.) Bid. _ Offer. Ala St Southern “A" bs 43 100% 11014 Allegheny Corp cv 55 44 __ 8 8 Amer Tel & Tel 5tas 3 10.»‘ for Nt Sv sl L AT Central Foundry fs 41 24 Gentral RR of Georala 55 42 55% Chicago_Union, Sta 48 44. Cuba" Northern Rvs 548 42 Delaware & Hudson 4s 43 Federal Lt & Traction 5s 42 Grand Rapids & Ind 4'2s 41 Intl Hydro-Elec 61 44 LEANS, May 7 (#).—Cotton (Il- Shice Unlnn Ol of Calif 6s 42 __ th Pow & mm [ o erren Bros 6s 41 Western N Y & Pa 4s 43° 3| New York Sugur NEW YORK, 7 P.—Quiet pro- fessional dem:. de ll"ed It prices moderately today. o e ‘The world contrac! t; R LR T T ; Septes be 1.99. e erator bough cleating "May 16 l: e u Cuban Uty wrid suwars were ered at 2.90. yas nchanged at 4.50. 'With- drawais s voro 1 ,elond undun‘.d to 1 higher. Bales, 3008 "'? ?é?. o % lower “’1’: 148% South Africa’s 1940 corn crop fille@ 29,000,000 bags,