Evening Star Newspaper, May 8, 1940, Page 19

FIN Empire Bonds Ease Further as Traders Follow Debate Other Foreign lIssues Improve; Domestic Corporates Mixed Bond Averages 20 30, 30 o Rails. Indust. Util. P Net change. unc. +.1 unc. —3 Today, close 58.4103.5 97.0 *45.8 Prev. day.. 5841034 97.0 Month ago. 582102.6 97.1 Year ago._. 56.0 988 949 1940 high.. 59.9103.5 97.5 1940 low... 56.6101.9 96.1 1939 high.. 64.9 1020 97.5 1939 low... 534 958 904 10 Low-Yield Bonds. Close .._11132 Prev.day- 113.1 M'nthago 1124 Yearago. 1118 1940 high 1132 1940 low. 1115 1839 high 112.6 1939 low. 103.6 *New low. tNew high. (Compiled by the Assoctated Press.) By the Associated Press. NEW YORK, May 8 —British Em- pire issues took a drubbing again today in the bond market. ‘While traders followed reports of & soorching debate in the House of Commons over war policy, losses ranging to more than 4 points were posted near the end of the session for loans of Sidney, Queensland Brisbane, Australia and Canada. In the balance of the foreign list, however, moderate gains appeared for Italian, Danish and selected Japanese issues. Most domestic corporates were fractionally mixed. Up a trifie were Southern Railway 4s, Portland gen- eral Electric 41:s and St. Paul 5s. Losers included International Hy- ““droelectric 6s, International Tele- phone 5s and Pennsylvania general 4125 of '65. United States Governments tend- ed higher. Most of the British loans closed around the lows. Joining the slump in the final hour, numerous issues of Canadian Pacific and Canadian National Railways dropped 1 tol around 2 points. Brisbane 5s closed at 521;, down 61, and Australia 4155 at 55, down 3. In the corporate list final gains of a point or more were registered by Portland General Electric 42s and Pennsylvania Dixie Cement 6s. 50-Cent Boost In Steel Scrap Is Posted By the Associated Press. PITTSBURGH, May 8.—-Number one heavy melting steel scrap sold at $17.50 a ton today, an advance of 50 cents to a new range of $17- $17.50. A similar advance to $18-$18.50 a ton was posted for rail scrap, a opremium grade, yesterday. Another indication of strength in the scrap market, steel quarters said, was the price of $18 a ton Canada is paying for hydraulic bundles, an item which usually brings the same price as regular number one heavy melting in the domestic market. New York Cotton By the Associated Press. NEW YORK, May 8.—Cotton fu- tures moved within narrow ranges today. An unfavorably regarded weekly weather report was largely offset by beneficial rains in Texas and Oklahoma, but firmness in se- curities and recovery in grains en- couraged late Wall Street support. Easier overseas markets and the further declines in sterling brought in renewed Bombays and commis- sion house liquidation, depressing prices early. Midafternoon prices ranged 2 low- er to 2 higher; May (old), 10.54; July (old), 10.23; December, 9.70. Futures closed 6 higher to 2 lower. ©Old contract: Open. High. Low. 49 71085 " 1049 10.72 1040 81 27 280 o m arch M g, 3p0t (74 e, Cottonseed Oil. Bleachable cottonseed ofl futures closed er. Sales. 93 contracts. .77b; i ber. 6.94b: Ootober. 606, Becember. b Bid New Orleans Prices. NEW ORLEANS. May 8§ (P —Unfa- vorable Government weekly weather re- orts supported distant positions in cotton utures today while near months were depressed by long liquidation. Closing prices were steady net unchanged to 3 voints higher. an 4 March 56 May (1941) 9.49 Cottonseed oil closed rime summer yellow, n—Nomi! Dividends Announced NEW _YORK. May &—Dividends de- clared. Prepared by Fitch Publishing Co. Increased. . Stk of Pay- Rate, fiod. 1e60rd. aole. Union Tank Car _ 45c Q 5-17 Accumulated. Cep 1L Pb Svc $6 pf $1.23 Do 1 6% P Mon Port Cem 87 20 oo == Belden Mig Bost Wov Hose & Rub, Do pf Brown Shoe & Eadsdstaiib L LA LB LI 0 6 5% pr 3 U 8 Plywood cv pf Setn oleum-Nairn Inc tl BANABANTANNANAD TN oo s New York Bank Stocks NEW YORK. May B, ().—Nat| Asso- elation Securities Deaiers, In e, Quotations as of 2 o'clock.) Bid Bk of Am NT8 (sF) k- of Mln ( fll\l? Ban Y (i4) ANCIAL. lv-flmmmmumm Approximate Tunucmn Today. Domestic Bonds 4,710,000 Foreign Bonds 870,000 U 8 Govt Bon - 80,000 TREASURY. o High. Low. Close, 2148 1950-53 106.13 106.13 106.13 2%s 1945-41 109,14 109.14 109.14 2% 1951-64___. 108.6 108.6 108.6 2%s 1966-69___. 107.11 107.9 107.9 2%. 1960-65 _ 106.31 107.3 2%« 1955- 40 108.13 108.13 27%s 1955-60 rg 108.10 108.10 38 1951-56 1113 1113 314 1949-52 112,23 112.23 318194345 _ 109.14 109.14 3Vs 1944-46 110.10 110.10 3% 1940-43 Jun 101.4 - 1014 48 1944-54 = 114.19 114.19 4%s 1947-52 120.29 120.29 120.29 HOME OWNERS' LOAN. 1%s 194547 1027 1027 102.7 2% 1942-44 ___ 104.12 104.12 104.12 35 1944-52 107.26 107.26 107.26 NEW YORK CITY BONDS 331980 B wi_ 97 97 97 351980 Iwi 96% 96% 96% FOREIGN BONDS. High. 60 10% 10% Low. Close. 57 0 105% 10% 1084 Adriatic Elec ’u 53 Antioquia Antioqui Antloquia 7s 45 D _ Antioquia 1st 7s 57 Antioquia 24 7s 67_ Antwerp s 68 Argentine 48 72 Feb Argentine ¢s 72 Apr Arzentine 4 %s 43 Argentine 4 %s 71 Australia 438 5| Australis 6s 65 Belglum 6s 55 Belgium 6%s 49 Belgium 7s 65 Berlin C 63;s 60 Brisbane 5! 57_. i Brisbane 65 58 Buenos Aires 3s 84 Buenos Afres 4 %s 77 Buen Afr 4%s Apr 76. Buenos Alres 4%s 75. E 7L K T pe—— L . 3867 Canads 3s 68 Canada 3%s 61 Canada ¢s 60 _. Canada os 63 Chile 6s 60 Chile Mtg B 6s62 asd Chile Mtg Bk 6%s 67 Chile M B 61s 57 asd Chile Mtg Bk 6% s 61 Chile M B 6%s 61 asd Chil Mun Ln 7s60 asd Colombia 6s 61 Oct __ Copenhagen 6s 52 Cordoba Prov 7s 42 Denmark 4%s 62 _. Denmark 53%s 55 .. Denmark 6s 42 . Ger Gen Elec 7s 45 Ger G 5%s 65 un st Greek G 6s 68 pt pd _ Hungary 4%s 79 ext Irish Free State 5s 60 Italy 78 61 (tal PUCra7s62___. Japan 6%s 66 ... Japan 6%s 64 _. Mendoza 4s 54 Met Water 514s 50 Milan 6%s 62 New So Wales 65 67_. New So Wales 5s 68 Norway ¢s 63 Norway 418 56 _. Norway 6s43 ______. Oriental Dev 6s 53 _. Uslo4%sbb . Panama 6= 63 st asd. Peru 1st Peru 24 6s 61 Poland 8s 50 Queensland 65 47 Queensland 7s 41 Rhine W El P 6s52__ Rio Grdo Sul 6s 68 _ Rio Gr do Sul 8s 46 __ Rome 61;s 62 - Sante Fe Prov 4s 64 __ Sao Paulo St 6s 68 Sao Paulo St 78 40 Serbs 7s 62 Shin’su E P 6%s8 52 Sydney 53855 _ Tokyo City bs 62 Tokyo City 63 s 61 Tokyo El Lt 6s 63 __. Uruguay cv3%s 79 _ Uru3%-4-43%sadi 79 Uru ¢-4%-4% 78 Feb_ Westphsalia E P 6s 53 35Y% 591 60 b2% 524 531 15% DOMESTIC BONDS. Adams Ex ¢3%s 46 st. 108% 108% Alleg Corp 68 ¢4 82 Kl Alleg Corp 68 49 T4n 744 Alleg Corp 68 60 std . 45 A4y Allled Stores 4 %8 61. 991 994 Allis-Chalmers 4s 52 10813 10815 Am & For Pw 6s 2030 63% 63% Am 1GChb%s 49 104% 104% Am Int] 638 49 _ 104% 104% 1103 110 109% 1078 107% 15% Am Wat Wies 6 75 Anaconda db ¢ %8 60 Ann Arbor 4895 __ _ Armour(Del)1lst4s 65 Armour(Del)4s 57 ._. A T&S Fe gen s 95__ A T&S Fo ¢ 148 48 Atl Cosst L 1st 4552 Atl Coast L 5s 45 Atl & Dan 24 4s 48 Atlantio Refin 8s 63 B & O cv 60s std B&O 1st ¢3sstd _ B & O 95 C stamped B & O 96 F stamped. 1164 116% 106% 106% 107% 108% bl's B1% 49% 49% 53 50 52% 49% Beth Steel 3% 59 F'_ Beth Steel 334862 _ Bos & Me 4% 81JJ Boston&Me 4%s 61 st Bos & Me bn b5 Boston & Me 5s 55 st Bon & Me fa 67 Boston & Me 58 67 st_ BosN ¥ A L 4855 Bklyn C RR 6s 41 cfs Bklyn Edcn 3%s 66 Bklvn Man ¢ %8 66 ct Bk Qu C&S cn 1ct Bklyn Un Gas 68 45__ Bkiyn Un Gas 68 60 Bklyn UnG 68 67 B Buff Roch & P 57 std_. BCR&NGss4ct Bush Term cn bs 56 Calif Oreg Pwr Cein NR 4%s 55...... Can NR 63 69 July. - Can NR 68 69 Oc! 94 Can Ner 6%s l. 102% 1024 59 69 4 T4 71 mn 7% 5 109% 109\6 44! Can Pac 63 64 Caro Cl & Oh 6s52.. Carth & Ad 4s81_ Celotex 415 47 ww . Cent Foundry 6s 4¢1__ Cent 0f Ga cn 63 46 Cent'of Ga 68 59 C.. Cent N Eng ¢s 61 Centof NJ 4s87 Cent N Y Pw "%s 68 Cent Pac 18t rf 48 49 Cent Pacific 6a 60 :tl City (1) Trust (5 blic '!“H tle G & T New York Bar NEW YORK, May 8 ()—Bar sllver, 34%, unchanged. & Cert'd deb 6 %s THE EVENING STAR, WASHI BONDS ON N. Y. STOCK EXCHANGE Chi Ind & L gen 6s 66 Chi Ind & So | Chi M1) & Bt CM&StP ¢ Chi M1l & 8t kd CMA&StP adj 85 2000 ChI&NW gen 3148 87. Chi& NW gen ¢3 87 . Chi&NW 4148 2037 Chi&NW 4148 2037 C Chi & NW ov ¢%s ¢y Chi&NW €%s 36 Chi Rwy 6s 27 Chi RI&P rf 48 3. Chi RI&P rf 4534 Chi RI&P ge: - Chi RI&P ¢ %8 62 A _. ChiRI&P cv ¢ 0.. Chi Un Sta 334861 . Ch1 & W Ind cv ¢8 63. Chi& W Ind ¢4 %s 62_. CCC&StL rf 4345 77_, ClevEl I} 3%865.___ Clev Un Ter ¢¥.s 17_. Clev Un Term 63 73 Clev Un Ter 6%s 1! ColG&B6s6l ___ Colum RP&L ¢s65.... Comw EA 344868 ... Comw Ed3%868 .__ Cons Coal Del &8 60.._ Cons ENY db 3% 48 Cons EAN Y 3348 66. Cons EAN Y 3%s68_ Consol Rys ¢s 54 Consum Pwr 3% = Conlum Pwist3y €9 sum Pwr 3%s 70 Lonll Ol 2% 48 CrownC& S4ls¢8_ Cuba Northn 842, Cuba R 1st 68 62 Cuba RR 7%s 46 A... Del & Hud ref ¢s 43 __ Den& RGecon 48 3 Den & RG W 6s 65 D& RG W bs 65 Den& R G W rf 63 18 Det Edison 3%s 66__. Det Edison 4s 65 __ Duluth M&IR 3% 62 Duquesne Lt 8143 65 ETV&Gacnbsb6.. Bleo Auto:t i Fla EC Ry 4%s 69 FondaJ&G414sb52filed Gen Am Inv 63 62 Gen Cable b%s 47 Gen Mot Acc 3 Gen Stl Cast 6 Goodrich 4% s 66 Grt Nor Ry 3% s 67__. Grt Nor Ry 4346 G ... Grt Nor Ry 4s 46 H _ Grt NRy 1st 4% s 61_ Grt NE ¢%s76D ___ Grt NRgn4%s77E Grt Nor Ry 6%862 . Green Bay & W db B_ Gulf Sta St1 4%s 61_. Gulf St Util 3%s 69._. Hoe(R)1st mtg 44 Houston O1l 4%8 6 Hudson Coal 68 Hud & Man ino Hud & Man ref 68 57_ 111 Bell Tel 3%3 70 B. 111 Cent 45 52 111 Cent ¢s 63 I11 Cent ret ¢s 111 Cent 4%s 111 Cent ref 53 65 _ 111 Cent Cairo 4s 50 ICC&ST NO 43%s 63 .. ICC&StL NO 6s 63 A Indust Rayon 4%s 48 Int R T 1st rf 58 66 Int R T 1st rf 63 66 ct Int RT 6s 32 - interlake Iron 48 47_. Int Hydro EI 6s 44 Int Mer Mar 1 Int Paper ref 6s 5l Int T&T 4%s563 ____ Int T&T 6s 6 = Towa C1st & ref 4s 51 Jones & L St14%s 61, KCFS&Mrf 4s36et Kans City So 38 60 Kans City 8o rf 68 60 Keith's 6s 46 _ Koppers Co ¢s 51. Laclede Gas 6148 63 .. Laclede G 5%8 60 D_. Lake E&W 24 6s 41 Lake S& M S 34897 Leh C&N 41864 A ._ Leh C&N 4%s64C Leh Val C hs 54 std __ Leh Val C 6s 64 Leh Val 68 64 L V RR 48 2003 asd__ L V RR 6= 2003 asd Libby MeN&L 4s 55._. Ligg & Myers 68 61 __ Ligg & Myers 7s 44__ Loew's 318 46 _ Lorillard.bs 51 La & Ark 6s 69 Louisv G&E 3% s 66 Lou Jeft Bldg 4s 45__ L & Nash 3% 2003__ L&N 434832003 L & N 6552003 B L&N So Mon it 45 52_ Msnhat Ry 43 90 _ Manhat Ry 4890 ct.. Metrop Ed 4%s 68 __ Mich Cons Gas 45 63_ M1 Spa & NW 45 47__ MStP&SSM cn 4s 38 MStP&SSM bs 38 gtd MStP&SSM 5148 49__ MoK & T 1st 4890 Mo K&T 43 62 B MoK &T 4148 78_ Mo K&T adj b8 67 Mo Pac 43 75 Mo Pac6s 65 A______ Mo Pacbs 71F ____ Mo Pac 6877 F ct .. Mo Facbs80 H_ ... Mob & Ohio 4%! s Mob & Ohlo s 38 __ Mob & Ohio 63 38 ct.. Monong P 8 65 Mont Pwr 348668 _. Morris&Es 8 348 2000. Morris & Es ¢ %8 65__ Nassau Eiec 4551 Nassau El 48 61 otfs_ Nat Dairy 3%s 61 ww Nat Distili 3%s 49 __ NatR M 41 s26ass! Nat Steel 3s 66 New Jer-P&L 4 New Orl & N 4 %8 52_ New Ori PS6862A.. New Orl P8 68 66 B New Orl Ter 1st ¢s 63 New Orl T&M 63 64 B New Url T&M 6%s 64 N Y Central 3% 53._ N Y Central 3%s 97__ Q nt 4348 2013 L nt rf 6 2018__ L Sh3%s 98 Sh 3%s98rg. 1 & St L 48 46_ 1&StL 4348 78 StL 6%s 74 A. 1 &St L6ésd1 nn 1st 4368 83. g9 C gggpost 28 FrEcoh rRreRsE W ref ¢s 92 ueens 3%s 65 . ys 68 68 stpd __ ich G 6861 team 2148 63 & W Ter bs 43 _ el 333 67 AROLZZZZ wnn 2222227222222 2Z2Z2ZZZ2Z2Z22ZZ22ZZ 1= 5 2 13 Rk L rrrrrrrerm™ North Am 3% s IC...- North Am4s69 ___. Nor'n Pac gn 35 3047, Nor'n Pao e Nor'n Pio 4348 2047_ High. Low. Close. % 1% ™% 109% 108% 107% 94% 107% 23 28% 15 4% 107% 104% 52 2% 103% 105 103% 111% T4% 101 314 13 47% 111% 464 424 47 42% 52 105% 1% 105% 6 110% 107 105% . 107 57% 66 110% 110% 885 88l 88l 5% bW 5% 110% 110% 110% 16 16 16 -. 106 106 106 106% 106% 106% 108% 108% 108% 42% 424 42% NGTON, igh. Bt LI 59 110% 109% 1074 109% 110% 108y, 3% 110% 112 13 89 Low. Close, 534 b4 63% 544 R8Y B8Y 110% 110% 109% 109% 107% 107% 109% 109% 110% 110% 106% 106% 8% 18% 110% 110% 12 113 89 43% 1043 97 Nor'n Pac 53 2047C .. Nor'n Paoc 68 2047 D Nor'n Pao 68 3047 North Sta Pw 8%s 87 Ohio Edison 3% 'u Ohlo EAison Okla GAE 34 s C' Oreg RR& N 45 Oregon W RR Otis Steel ¢33 62 PaoGans F1 3%n 66 PaoG& F3%n 61 Pac G & P 4s 64 Param’t Plc 3% s 47 .. Parmelee Penn Co 3 Pann Dixie C 65 41 A. PennG1&Sd 4%s 60_. Penn O&D 4%8 77 Penn PRL 3%s 69 Penn P&L 448 T4... Penn RR3%863 .. Penn RR 3% 8 70..... Penn RR 4848 ..____. Penn RR¢4%s 81, Penn RR 448 84 Penn RR 4348 60 _... Penn RR gn ¢ 448 6b... Penn RRdb 4%s 70.. Penn RR gen b3 68 107 1014% 109%, 108y PhilaRC & Ir 68 Phillins Petrol 3s POCAStL 4%m 77 _ POC&SILSn 70 A ___ Pitts C&Ir4%s 52 _ PItt&W Va 4490 60 C. Port Gen E) 4% 60 . Porto Rico A T Portal Tel & C s 63 Pub Sve N I11 3%s 65. Reading R 4348 97 A_ Rem R'4 435 66 ww Rem Rand 4% s 66 xw Republic St] 4 %s 56 Republio St] 4 1 Republie St} 5% 54_. Rio Gr Junc 5s 39 Roch GEE 8%« 69 RIA&L4¢%s34_ Saguenav Pw ¢% St L P&NW 6s 4 St L Pub Ser bs 69__. St L-San Frds60ct_. St L-San Fr 4% StL-SF4%s 78 ct St L-San F 6860 B._. StLSWist4s89 __ San A&A Pass 4543 San Antonfo P S 4= 63 Santa Fe P&P Gs 42 _ Schulco 61%s 46 A stp Schulco 6% s 46 B stp Seabd A L rf 4869 ct_ Seab’'d A L con 6s 45 Seabd AL6s45ct __. Shell Un Ofl 2% s 64. Simmons Co 4s 52 Socony Vac 3s 64 __. So Bell T& T 8s 79 So Bell T&T 3%s 62 Southn Cal G ¢%s 61. So Natl G 4%s 51 Bouthn Kraft 4% s 46 So Pac3%s 48 So Pac col So Pac ref BSo Pac 4148 68_ So Pac 4148 69. So Pac 4%s 81 So Pac Orex 4%s ‘" So Pac S F Ter 48 60_. So Ry gen 4s 66 A___. So Ry b8 94 So Ry gen 6s 56 So Ry 6%s 66 Spokane Int 58 55 ___. S W Bell Tel 35 68 Stand OIl NJ 2% s 63 Stand O1I N J Studebaker ev Swift & Co3% s 60 Ter RR As StL 48 63_ Texas Corp 3s 69 _. Tex & Pac 5880 D Tex&Pac 1st 65 2000 Third Av ref 4s 60 Third Ave 1st 65 37__ Third Avadibs60 _ Tide Wat Of1 3% s 52. Un Pacifla3%8 70___. Un Pacific3%871__.. Un Pacifio 1 s 47__ Un Pac ref 4s 2008 Un Pac 1st 6s 200! United Drug 6s 53 USSteel 33848 Utd Stkyds4 % s51ww Utah L&ET 68 44 __ Utah Pwr & Lt 63 44 Utility P& L 6s69___ VaRy 1st3%s 66 ... Wabash 15t 63 39____ Wabash 6s 76 B Wabash 6%s 75 Warner Bros 6548 __ West Penn P 3 66. West Sh 1st 45 2361__ West 514 1st ¢s 52 West Union 4% s 50. West Union 6s 61 West Union 63 60 Wheel Steel 4% wn-on &Co3%s47_ nt 18t gn ¢s 49 c &1 43 49 cfs. Wis Pub Svo ¢s 61... Youngst'n S&T ¢s 43 Youngst'n S&T 4s ¢1. 105% 111y 46% 84l 63% 67% 65% 65 101% 101% 102 101% 22% 22 . 21 21 110 110 105% 105w 106% 106% 110 105% 106% Quota Sugar Imports Ahead of Year Ago By the Associated Press. ‘The Agriculture Department re- ported today that American sugar imports under the quota syscem totaled 1,459,962 short tons, during the first four months of this year. | Imports during the corresponding period last year totaled 1,090,730 short tons. Sources of the imports this year were: Cuba, 643,517 short tons; the Phil- ippines, 271,155; Puerto Rico, 342, 466; Hawaii, 196961, and foreign countries other than Cuba, 5,863, Freight Loadings NEW YORK, May 8 (#).—Revenue freight carloadings on railroads re- porting today for the week ended May 4 mcluded Commodity Prices NI ORK, ~—The Associated Presfv:velrhted ‘WhOEale Pros index of 35 commodities today advanced to 73.82 k ago, 73.88: 6.67. 19’!1-37 High 7 Low % G3an ards (1926 ‘average equals 100 Miscellaneous Markets. Addmo ll New York_markets (as com- piled by the Associated Press): higher to & I Tacit00. 1bs. " Beptemver, 5. A £85; Mareh, 4.90b. No sales in zinc and Siraits tin futures. COPFEE—Spot gulet: Sentos, No 4. 7-7%: Rio Cost_and freight offerings 0 ded Surtios Bourbon, 35 and a-lu‘ : Sep- "A" utvees 0 ba May, B 4.09b, RUBBER—Putures closed 9-43 higher. ?n‘les. No, o1 standard. 260, con- . July. : *September. 19.45: Secember. 10.05, Bmoked - ribbed. sot. 20.50n. RAW HIDES -Futures cloted 5-11 high- er. Sales, 9,320,000 lbs. June, 13.5 September, 13.86b: December. 14.1 Bhot "Nor 1" Western ight native” cowe. 1340, AW SILK—Futures No. 1 closed 1-3 nigner, Bales 450 baler June s elb: July. 2.57: November. 2.486. WOOL ToPS —Putures closed unchanged May. 95.2b: July. 93.9b: Oc- Boot. siandard iobe. 58.0. to 2 lower tober, 93.9b. A Eutures closed ;503 ‘tons Ay lower _to May, SIJJn d. Odd-Lot Dealings By the Associated Press. The Securities Commission reported to- day these transactions by customers with odd-lot de:len or soecialists on York 8tocl lm for May 7: 84.41 "1 sales invols purelunn 1] vnlang short sales l.nvnlvlnl D. C, Open-Markef Rafe Of British Pound Skids Further Registers New Slump As Dealers Watch London Debate By the Associated Press. NEW YORK, May 8.—The open- market quotation of the British pound sterling, on the skids since the allied defeat in. Norway, took another tumble today as.the at- tention of exchange dealers centered on the House of Commons debate in London. Sterling at one time was off more than 5 cents from the previous day's close to a new low since 1933 around $3.32. The French franc and the Canadian dollar also slipped with the British currency. The “free” rate of the British currency, fixed by local demand and supply, was off more than 15 cents this week. The British exchange control's official buying rate for the pound is $4.021,. Dealings in the open-market were described by traders as relatively small because much of the mer- chandise trade between this coun- try and the British Empire is trans- acted at the official rate. Dealings in the open-market, it was said, were further curtailed by a desire among traders to stand aside to see what the next big move in the European situation will be. Woshmgton Produce 93 score. tubs. 3012 1- Ya-pound prints. 31 1-pound bprint: BUTTER— pound prints, Y4-pound prints, 1-pound prints, TiSalves. 10: spring lambs. igs, 120-140 pounds, 4.00-4 25: 13 From Azrhcunuul Marketing Service. Prices paid net fo.b. Washington: EGGBe Market. weaker on extras. larse and mediums: steady on other grades. Prices paid for Federal-State graded esgs received from grading stati Whites, U. ras, large, U’ my . Standards. large, 1 standards. mediums. 15-17; 14-17. For nearby ungraded Whites, 16 few Current recelpts few higher. st o higher. mixed colors” 151 VE 'POULTRY—-Marke Co]fl{!d lll sizes. 3: L s, 12-14 . . Chicke s and fryers. all 14216, Delaware. tryers. all Leghorn 17-18:" under young 8-10: old. toms. Fruits and Vegetables. mpiled by the Market News Section ot Reveuitural Marketing Service. - Sales to R am. on this morning’s wholesale market in less than cariol quantities: Market steady. Truck Te- Maryiand, Pennsylvania and ushel baskets. . No. min{mum, -1.50: 15 65 3-inch minimum. Delicions, Svainch minimum ot i, T o0TLn0: Winesape: inch minimum. 85-90: -inch mi; 5: 2%5-inch minimum, 1.3! el boxes. U. 8. No. nch minimum. 1.40-1.5 S3TReh mintmum. 1.5 3-inch mini- mum. mostly sround 1 Yorks. 214-inch minim 25 2Y-inch minimum. 1 minimum, 1.80-1.65: ~Delicious. . 15 2inen” minimum, 3-inch minimum. mostly around 2i5-inch minimum, 1.25- 4-inch minimum. 1.35-1 40: 3-inch minimum, 50. Bushel boxes lrd cartons. d Wi Virgints 50-1 Delicious.” 11 50. Wathineion ‘arrivea: “two urbrakén cars cn_irac] POTATOES—Market about steady. Old stock: Four Maine arrived: six broken and seven unbroken car son track. 100-pound U 8 N Maine. Green Moun- ;. Chippewas and S.inch minimum Russet Burbanks. 2 .65 low as 2.50. New stock: No carlo four unbroken cars on track. double head barrels sacks, Tiva Florida. s, Spaulding Rose, U. 8. No_1. mostly 3 atahdins. U. 8. No. 1. weghed, many badly Gecaved and bruised, 1;25%, bushel crates, Bliss Triumphs U No. 1. 1.10-1 bchel haskets, Katah: dins. U8 No. 1. 1.30-1.35. STRAWBERRIES —Truck receipts_light Market weaker. No carlot arrivals: no cars on track. South Carolina_carryovers, -quart crates. various varieties. gener- ally good quality and condition. 3.00- ~3.50: few high as 4.00° poor to ordinary aualit and contition. 2 00-2 A0 few higher, fre. stock. Misisonaries. 24-quart crates. 3.50- 4.00° few best higher CUCUMBERS—Market about steadv. No carlot_ arrivals: no cars on track. Truck receipts light.” Florida. ~bushel baskets, enerallv good quality and condition. 2 F,00: ordinare to falr quality and condi- tion. 1.25-2.0 Asmnmus_un carlot broken ear on market about steadv: ovr hunches. Calassal. 2 0 1.50: gaw higher: choice. 77 3 ware, “truck receipts moderate; ‘market weaker: nvramid_crates, dozen’ bunches. various sizes. arrivals: one South Carolina, pyramid dnnn bunches, various sizes. 2.00. AVOCADOS—Market steady. Truck re- ceipts lizht No carlot arrivals: nn ears on track. California. flats. all sizes. .00-2. osuv 2.50-2.75 ripes. 1.50-1.75. RROTS—One California nrnv.ed three i Ot G track. California. market glightls stroneer. L. A crates, bunched, 50: Texas. market Shout seady. haif nch market about steady. ushel baswets, topped washed, 1.15-1.2, CABBAG!'.—-‘\hrkec weaker, One §. artived: one unbroken cars on track. Truck receipts moderate: 1%-bushel hambers polnted _type, Seuth ~Carolins, cked locally. 85-90: rail receipts. 1.00. -Market steady. 'No car- lot”arrivals: two unbroken cars on track. California, pony crates, 2.00. 5 Celery About Sitea: CELERY—Market about steady. Lot arrivals: two. brokeh cars on bry Truck | receipts Ugnt. . Florida, Florids: standard crates. individvally washed, 6-10 dozen. 2.25-2.75: few higher. CANTALOUPES—Market about _steady. One California arrived: one unbroken car on track. California. 8almon Meats. jumbos, 365 and 45 6.00: _standards, 45s, 4.50-4.75: ponys, 54s, 3.25-3.50. LETTUCE—Market weaker. Three Cali- fornia arrived: six hroken and five un- broken cars on track. California. L A e+, Teeberg tye. b dozen. generaily zood ty and_condition. 75: i mostly, 4’ dozen. 2.00-3.5: Seuth Carolina. L crates Iceberz type, 5 dosen, 3 half crates. 2 dozen, 75 ONIONS—Market steady. artived: two unbroken cars on Treck ind £acks. No, J, Tallows. Michigan. o Texan, veliow Bermudrn 2 7 PEAS—Market about steady. fornia arrived: two broken and one un- broken cars on track.. Bushel hampe: Californja, generally good quality and co: dition, high s $2.50; ordinary to falr qu 1.50-1.75: few 'higher: South Cai 1%, i podded varieties, 1.40-1.50. ‘TOMATOES—Market weaker. One Flor- ida_arrived: one unbroken car on track. Wide range in quality and condition. 'Flor: ida, repacked, olugs, ripes snd tumning pped, lenenlly good qullltv _and cnndltlon, 4 5|7 5.0 ity. 3.75-4.25: poor to 3.00: lfl-pnund baskets. ing to qualitv and conditio] cartons, _repas est. 00: dinary ‘to fair Quality and condition. 75 Bm—Muket steady. rivals: moderate. !oll th dozen_bunches MIXED One Cali- No carlot ar- ‘Truck receipts Carolina, 50 cents per VEGETAGLES—One_Texas ar- E r'\e broken and one unbroken cars BANANAB—HO emot arrivdls: one un- bre)] ken t!' o3 BEANS Market about steady. No Al e e S receipts moderate_Florida. bushel hampers. Trwvdergreens, 1.60-1.75: poor to ordinary quality, 85-90: Black Vllem.mes 1.50-2.00: }loor to ordinary quality, 50-75: Bounti- uls, hlr cuality, 50-100 st, 1.50. BEANS— receipts moderate. erket ‘weaker. Plorldl. bushel hampers, aTruck, light. 1%- tes, 8QU: Tnu: ipts moderate. Flor- \da, market about s steady: Jushel hampers, white. wraj ned ood nlullt and to linary ecks. mnully l’eeel ts rida. WEDNESDAY, MAY 8, 1940. FINANCIAL. NEW YORK CURB MARKET m-mm-tualmn-n-nu Btock and Aero Sup B .20 Alr Investor: Ala Gt Sou(8g) - Ala Power pf (6) Ala Power pf (7) Alnm Co Am (1le) Alum Goods 20e Alum Ltd (3e) Am Beverage Am Book (4) Am Centrifugal Am C P&L(A) 3h Am City P&L(B) Am Cynam B 60 Am Export .26e Am Gas & El 1.60 Am General Am Hard Rubber. Am Lt&Trac 1.20 Am Superpower... Am Superpower 1stpf (6) . _ Am Thread pf .25 Apex El Mfg .25¢. Appal EP pf (7). Ark Nat Gas.___. Ark Nt Gas(A) Ark Nat G pf .60k Art Metal W .16e. Ashland O&R .40 Assoo El Ind.241e Atl Coast Fish Atl Rayon (.10e). Atlas Corp war Atlas Plyw .625e Aviation & Trans Axton Fisher A Babcock & W.20e Baldwin Lo war . Baldw L pf 2.10 Barjum Stain Stl Barl&Seel A 1.20. Bath Iron Beech Atrcraft Bellanca Afrcraft Bell Afrcraft. Bliss (E W) Blue Ridge Blue R ev pf(3h) Borne Scrymser. Bowman-Bilt 1st Brazilian TrL&P Breeze Corp .60g. Brewster Aero .. Bridgp't Machine Bridgp't Mch pf._. Brill (A) Brill (R) Brill pt Brown Co pf (r)_ Brown For Dist.. Brown Rubber _. B N&EP of 1 60 _ Bunker Hill .60e . Can Col Airways Cap City Pro.15e Carib Syndicate._ Carnation (1a) _ Caro P&L pf (7). Casco Prod (le) Catlin (Am). Celan pte pf (7a’ Celluloid 1st (2k) Cent NY Pw Dt 6 Cent States Elec_ Cent St E79% pt. Chamb MW .10e.. Chi Flex S (5a, Childs pt Cities Servics Cities Service Df City Auto Stpg.60 Claude Neon L. Clev Tractor | Col Fuel & | war Colts Pat F A (2) Comwith & § war Com P&L 1st pt Cons G&E Bo 3.60 Consol Gas Util Consol M&S (1a) Cons Retail St Cons Steel Corp ContlG&E pr pf 1 Cook Paint (.60) Cooper- Bess Copper Range Cosden Petrolm Creole Petr .50a Crocker-Wheeler Crowley Milner. _ Crown Cent Petr Crn Ck Int A .60k Crown Drug .05e. Decca Rec .60 _ Dennis'n pr of 3e Det Stl Prod .25e Diam’d Shoe (2) . Diveo Twin Trk Duval Texas Sul | Eagle Pitch Lead | Bastn G&F 6 ot Eastn Sts pf A Eastn Stspf B Elec Bond & Sh Elec B & S pf (5) Elec B & S pf (6) Elec P&L 2d pf A Emp G&F 6% pf Emp G&F 1% pf Emp G&F 8% pf Equity cv pf (3) Esquire (.60) __. Fairchild Avia _ Fairchlld E& A Fanny Farm 1.50 Fansteel Metal Fedders Mfg .15e Fidelio Brew Fla P&L pf 3.94k Ford(Can)A (1) Ford Can (B)(1)- Ford Ltd (.16g) . Fruehauf T .60e_ Gen Invest Gen WG&E pf(3) Glen Alden .125e Godchaux A (2) Gorham Inc pf G A&P n v 3.50e Gulf Otl of Pa(1) Ham'ermill .25¢ Hearn DSpf 1.50k Hecla Min 10e Heller pf xw 1.75 Hoe(R)& Co A Humble 011 375e Hum'l-Ross .15e. Hygrade Food ... Ill-1a Power pf . ill-la Pwrdivet. Imp Oil Ltd .50a_ Imp Tob Can .40a Ind Sve 6% vf.. Ind Sve 7% pf Ind'apP&Lpf 6.50 Indus Finan pf . InsCo N Am 2a Int Indust (.10g) Int Pa&Pwr war_ Int Petrol 1.60a Int Products.25e Int Safety Raz B. Int Utilities (A). Int Utilities (B). Interst H Ea .60 Irving Air Ch (1) acobs Co Jer CP&L pf (8) Jer CP&L of (7) Jones & Lau Stl Kingsbury Brew Koppers of (6) Lake Shore M.50s Lakey Fdry & M Lehigh Coal Line Material.15¢ Lit Brothers Lone Star 20e __ Long Isiand Ltg. La Land&Ex .10 Majestic Radlo . Manati Sug war.. Mapes Consol (2) Mass Util Assoc.. Master Elec .60e. Memph NG.15e Mercantile Sts 1¢ Mich Bumber Midland Stl (1e) - Midvale Co (1e)_ Mia Midw Minn M & 8 .60e Mo Public Sve Molvbdenum 25e Monroe L As .10e Mont Ward A(7) Moore(T)Dis(r). Mount CityC . Mount Prod (.60) Muskegon .35e Nat Auto(.40e) __ Nat Bella Hess Nat City L pt (3) Nat Cont .20e .__ Nat Fuel Gas (1) Nat Oil Prod .25e Nat P& L pf (6) Nat Tnnnul&lfln. Nehi Corp’ NEPA Ci pL(3k) New Haven Clock llle'— Dividend Rate. Add gg 6% 408 105% 100s 187 1% 1 4008 1 110s 8 200s 8 100s 6 12 50s Dubilier Con .13g « 24‘i 15 8‘/¢ 2 llO% 2 258 13 1508 100s 505 1 13 3% 384 20% 57 50! 508 2 50s 8lg 2508 1 88 13 2 9% 13% 12 34 10s 101% lOl 1081 29% 1 2 3 2 2 IOOI o 4 1 100- 13 [3 1 3 1 1 1 1 1 1008 1 High. Low. Close. 6% 6% 105 105 185% 187 17% 17% 95% 4 102% 102'% y % 5% 4y 8 2T 574 60% 6 E ] 110% 13% 14 2% 27% L] 404 8% 27 6 113 13 37 38‘/1 Y 131 2% 5. 101% 101% Sep! 108‘0 108% 29% 90 508 18% 18% 18% 250s 115% 115 115% 2 8% 8% 0% 5% 3 8% 1 2008 1 8% 81 8% 8% 70 170 5% 5% 8% 8% 1, 2 2 170s 163% 163 163% 1 L TSRS 1 4w 4 6% 100s 16% 1 10% k) 5 50s 467% T 14% 112 2 43% 258 94% l. 1% 12% lWl 68% 1 -00-1.28: POOT | N J Zine (1e)--... 2008 we Y A 4% 6% 10% % { Quebec Pwr (1).. 758 TowerChafte & Btock and Dividend Rate Md 00. New Mex & Ariz NY Shipb'g td N Y Transit .25e_ Niag Hudson Pw Niag Hud 1st (5) Niag Hud A war_ Niag 8 Md B .26g. Niles-Bem-P 60¢ Noma Eleettic .. Nor Am Lt & Pwr Nor Am L&P pt N A Rayon B .50e North'n Sta P (A) Novadel-Ag (2) . 5 Ohio Brass B.50e 70s 23% Ohjo O11 pf (6) 100s 106% Ohifo Pwr pf (6). 30s 1141 Ohio P 8 1st (6) 258 108 Okla Nat Gas .25e 4 19% Okla Nat G pf(3) 49% Oldetyme Dist . A% Pacific Can .25e._ Pac Gas & Elec 6% % pf 1.375_. Pac Gas6%pf1.50 PacP& L pf (7)- Pantepec Ol Parkersb’g R & R Pender Gr A 3.50. Pennroad .. Pa-Cent Afrlin Penn Ed pf 2.80__ Penn P&L pf (7) Penn W & P (4) Phila El P pf (2). Phoenix Secur Plerce Gov (.26e) Ploneer Gold .40 Pitney-Bowes .40 Ta Th Pitts Forg (.25e) 1 12% 12% Pitts & L £3.60g 2008 567 56 Pitts P1Gl (1e) Powdrell & A .20e Pwr Corp Can .60 Premier Gold 12 % % Y Prent Hall 2.80 _ 100! 38" 381, 38% Producers Corp.. ke % Prudential Inv___ 3 S"n 815 8% Prud Inv pf (6)_. 50s 102% 102% 102 PbSve Ind $6 pf. 17568 571 57% 57% PS8 Ind$7prpf 100s 102% 102 102 PSOkprinpf(7) 40s113 111'4113 Pug Sd $5pf 1.25k 25s 83% 833 83% Pug S'd Pulp .50e 8 27 26% 26% Pyrene (.20e) __ 3 6% 6% 6% Quaker Oats pf 6. 120s 154 152 154 1% 11% 11% 8% 87 36% 23% 23% 106 106 114'% 114% 108 108 19% 19% 49% 49% 4 4% 15% 508 36 15% 30% 334 84 5 93, 47% 2 20% 8% 38% 2258 113 113 118 50s 68 67 68 31% 128 1% 1% 314 12 17% 1% 31% 12% 17% 1% Ta 12% 56 3103 1027 103 2 4 4 4 508 7 7 : 3 Rwy & Lt (.30g) - Republic Aviat'n. 6% Reynolds Invest_ - RioGr G vte. .. * Roch G&E pf D 6 1005 105“. 105 Russeks Fifth Av 1 313 31 Rustless (&S .16e 2 13% 13u Ryan Consol. 2 2 2w Ryerson H 1 1% 1% St Regis Paper . 25 44 St Regis Pap pf_. 1765 8015 Salt Dome Of1 __. & Samson United__ Scovill (.25¢) Scullin Steel war. Segal Lock _. Seiberling Rub _ Selby Shoe .125 101 Sher-Will 1.50e . 94‘¢ Simmons H& P.. & 4% 4% Singer Mfg (6) 181 Solar Mfg 1% Sonotone (.05e) .. 1% So Penn O11 1.50._. 3913 SCEdpfB1.50 . 30% SCEdpfC1.376. So Col Pwr (A) .. Southern P L 25e Southn Phos .60._: | Sou WPL (5e)__. Spencer Shoe ___ | Stahl-Meyer __ Stand C & S .60e Stand O11 Ky (1) Stand 011 0 (1) Stand Stl Sp .50e. Sterling Alum___ Sterling Brew Sunray Oil 05e Technicolor ‘Tob Prod Exp.40g ‘Tubize Chatillon Tung-Sol Lamp ‘Tung-Sol L pf .80 Udylite (.10e) __ Ulen& Copf A__. Ulen&CopfB . Un Gas(Can).80a Un Prem F 8 (1) Unit Airc't P .10 Unit Cgr- Whelan United Corp war. United Gas Unit Gas pf 4.50k Unit Lt&Pwr (A) Unit L& P (B) _ Unit Lt&Pwr pt Unit Milk (1e) | Unit Profit Shar | Un1t Sh M 2 50a Unit Sh M pf 1.50 U8 Fou «B) US&!Spf125k S Lines pt S Plyw'd 60e S Plyw pt 150 U S Radiator U S Rub Reclaim Unit Stores - Unit Wall Paper. Univ Corp vic Utah P&L pf 2%k Valspar Corp ... Venezuela Petrol. Waitt & Bond A_. Waitt & Bond B_. West VaC&C . Western Air Exp Wichita Riv Oil.. Will'ms (RC) Willms Of1-O-M_. Wolverine Pt C _ 4 Wolverine T .1 4 6% Wright Harg.4ta 20 5 [ In Dankruptcy or receivership or beins reorganized under the Bankrubtcy Act. or securitier assumea by such companies tes of aividends mn the foregoing table are annnal disbursements based on the last auarterly or semi-annusi deciars- tion Unless otherwise noted special or extra dividends are not included s Alsc extrs or extras, d Accumulated dividends paid iast vear e Declare far tnit vear "t Pavable In stock last _vear hCash or stock Iated ‘@ividends naid Ot deciarea this’ ur Under rule warrants Without warrants war Warranta 258 10 5 bl 105 8% 13% 2% 1% 4 9 8% 5 31'7 fi 6- 4 9 3 - 3 00 1 3 DO 00 69 1t e 1 0O 1 00 b 1k 1O @ - o ) « OB R I N NN e N e O u U u 1 100s 6% 5% 6% 1 3 2 1 1 2 1 2 1 2 1 vear New York Sugar NEW YORK. May 8 (P.—Inactivity in | raw sugar restricted trading in domestic futurés today. In the absence of hedging . Cuban support held prices un- ged to 2 points higher around mid- afternoon: July, 1.93: September, 1.99. World contracts were irregular in quiet e: held 12 higher to 1'2 91a; mber, 1.49. Raws were steady on light offerings scaled up from 2.82 cents on a delivered basis. No nearby Cubas were offered. Refined remained 4.50 cents. 3 closed unchanged to 2 90 tons, hsL 93 98 98 Sales. 5.050 1.4815b Dry Goods Market NEW YORK, May 8 (P.—Demand for finished goods lent an_ encouraging tone fo ihe orimary cloth markst todsy. al- though buying has not et expanded. roadcloth - weaves Standard print and bre held at steady prices. ‘There was a brisk demand from printers and garment cutter for spot supplies of wear. Production in some quarters wes rmrlefl wld up to the end of May. in silk remained negicered ‘Woolen goods business was fairly active. Worsted sold in good volume with tweeds in demand. Increased production is pected later h. this mont] e U. S. Treasury Notes NEW YORK. May 8 (@.. ——P in dollars and thirty-second: rlee Crofed Pct. M Yea June, 194 Dec., 33355 EERzEaaE B o &3 3 _H__~m~--., 32832 £ TR PSS =) 233 S8 Federal Land Banks NEW Y( — 1 Bk Mngfl-‘ May 8 (®.—Federal IAnd u 107% | 148 | 5 i spun rayon flakes and prints for summer | GoF *¥% A—19 Slight Decline Seen In Electric Power Production Substantiai Increase Over 1939 Maintained In Latest Week By the Associated Press. NEW YORK, May 8—Electric power output in the United States during the week ended May 4 de- clined slightly from the previous week, but maintained a good lead over last year, the Edison. Electric Institute said today. Latest production of 2,386,210,000 kilowatt hours was 6 of 1 per cent less than 2,397,626,000 in the preced- ing week, although 103 per cent ahead of 2,163538,000 in the com- parable 1939 week. The decline was less than season- ally anticipated. Hence the Asso~ ciated Press adjusted index of en- ergy output advanced to 122.1 from 1214 in the previous week and 113 a year ago. The index, based on 1929-30 as 100, is compensated for seasonal and long-urm trend. 1938, 1937, 111:5 15505 1 10803405 1214 112.3 1028 1118 El? Percentage gains over a year ago were reported as follows by the ine stitute: New England, 8.1; Middle Atlan- tic, 4.7; Central Industrial, 17. West Central, 6; Southern States. 144; Rocky Mountain, 152. The Pac:flc Coast region declined 1.4 per cent. High ____ Low Alaska Juneau Profit Climbs Above 1939 By the Associated Press. SAN FRANCISCO, May 8.—Alas- ka Juneau Gold Mining Co. report- ed that April net operating income before charges for depletion, depre- ciation and Federal income tax rose to $126,250 from $119,350 in March and $63300 in April 1939. For the first four months this | year operating profit was $459,600, against $335,00 last year. Curb Bonds DOMESTIC. Ala Power 4135 67 Ala Power 55 46 A Ala Power 5s 51 High. Low. Close. 1033 103% 1033s 10734 1073 1073 1oa'4 1081 10814 0312 103 lf\fi“u 10814 10 5 Cities Sve Cities 893, nn’- RR Eomo D Ehhs 35 Fed Wat 5los 54 = Fla_Pwr. souon 43 66 Florida P&L 5 Gatineau P~ a%ss 80" Gary E&G, Bs 44 st__ Gen P 55 53 Moun P 3534 6 Grocery Str 6s 45 Houston 4 Hvarade Fd us 49 A 7 7 Il Pw & 0112 10034 1003, 10714 1067 107 T 1083, 10815 T0R3 loa, 1043108 1 93 29 Interst Pw 6s Jer C P&L 5 32333333 CX FEFSEERERS RIZR2I5 FRFFESNES S £ b 352387325337235352253: SF SRR 5555550503.19-020" RN E e e b ettt e 1 5s 57 Ohio Power 3lis 68 Okla Nat G 3%s 55 Bac Inv 85 48 Pac P& L 5s 55 35055 S0 aaalke 55033525550 23322223333338533322323 38 333223 S5 - SRR %5550 A233m% & & DS 5los 43 s:u i, Steel 35 51 sh Wb «as"'n'nf P&L 35 A S NS R G INelutllbllll! lmbllred by mateurity, Baltimore Stocks 8pecial Dispatch to The St. BALTIMORE, May 8. 8al STOCKS, - ‘lltlmfire Transit .. ito Transit Sa -..,;:.:-ar Amster Cas 36308 wider & Quar Metal Market NEW YDH.K. May 8 (.- —cum elec , spot. 47 Lead spot. 5.08; East ! Ianll 4.85 ll::mstm hm,lfit" (or'l “".,J‘......a.".:‘.fl:‘