Evening Star Newspaper, May 8, 1940, Page 20

THE EVENING STAR, WASHINGTON, D. Striking Price Moves TRANSACTIONS ON T HE N Noted During Year g ~dsnlany o, 1010 Prev. 1040 Stock and Hllh. Low. Dimnnfl :m. OnD. C. Exchange A—20 #x» FINANCIAL. C, WEDNESDAY, MAY 8§, 1940. EW YORK STOCK EXCHANGESIeeIsandAvnaflons Tieh. Tow, . Diviseod Bate, 1) AS 00, Hish, Low.: Closs. eoor. | cigh o, | raad,, Score Advances on “ Sfock Market FINANCIAL. Sales— Net. Add 00. Righ. Low. Close. chge. 108 1401 140% 140% + % 1 60 50 0 +1 Adfl 00 mm. M Clusll chn. 27% 2% + % 3 3 47% 46% =1% 1054 12% 8% Miami Copper .20e. 8 10% 10% 10% — % 2% 2 SoAm Gold (.10e] 16% 13% Mid Cont Pet (.408). 385 17 16% 16% + % | 29% 22% So Porto Sug (1) 40% 33 Midland Stl P(1e) 1 38y% 38% 38% + %| 16% 14% 8.B.Greyh'nd 1.6 Mid 8t! 1st pt (8 10s 121 121 121 + %| 30% 28% SouthnCalEd 1 47 Minn-Hon Ros ( 3 b53% 63% = 15% Md 00. High. la" Close. ehn 45 24 2% 28% + 14% - 4 30 « 30% + 10 olis, 3 11% Routhern Pacifi 12 8 + % fll;h, Low. Dividend Rate. 12% Cudahy Packing... Bonds and Stocks Score 140 Abbott Lab pf 4.50_ 26 Cuneo Press (1.50). 52% 45 Acme Steel (3) . S 2% Curtis Publishing . More Gains Than Losses, Survey Discloses % Adams Express 40% Curtis Pub pf (2k). By EDWARD C STONE. 46% Alr Reduction (ll) - Wright 10% 6 Alaska Juneau .60_. -Wr(A) 600 29 Striking contrasts in prices on the ‘Washington Stock Exchange at this time, in comparison with the same date a year ago, are disclosed in a survey of the two periods, while in a few instances quotations are practi- cally unchanged. A majority of the quotations are higher than a year 8go. In the bond division, Anacostia & Potomac River R. R. first 55 were selling a year ago at 88 and now are 103. Capital Traction 5s, at this time last year sold at 92, while they are now 1013, and have been higher this year. City & Suburban 5s furnish another interesting contrast. At this time in 1939 these bonds were selling at 86. The last sale on the exchange was made at 103%s. Among the more popular issues on the exchange are Washington Gas Light 5s. At 125 a year ago, they are now at 128, high- est priced bond on the list. Wash- ington Railway & Electric 4s, at 108 8 year ago, are now at 109%. Bank Stocks Hold Strength. ‘Washington bank stocks have held up well during the last 12 months, the survey reveals. National Capital Bank stock sold at 142 at this time a year ago. While no sales have been registered so far in 1940, the bid for the stock stands at 150 with 175 asked. Liberty National Bank shares sold at 175 last year and recently sold at 170. Riggs National common has moved from 270 a year ago to 278. Riggs preferred movea at 102!, in May, 1939. The .atest bid is 10115. National Bank of Washington stock was selling at 123 at this time last year, while the latest bid is 121. American Security & Trust Co. stood at 257 a year ago. The stock is now selling around 250, with 245 bid and 260 asked. National Savings & Trust, which registered 188 a year ago, sold the other day at 200. Wash- ington Loan & Trust Co. stock has moved from 235 to a present price of 24712. The present bid is below that price, but none is offered for sale at this time. Miscellaneous Shares Uneven. In the miscellaneous division, prices have been more unsettled during the past year. Lanston Mono- type was selling at 54 in May, 1939. It sold this week at 271;. Mergen- thaler Linotype sold at 19 a year ago. It has recently sold at 167, following a better earnings state- ment. Both type stocks have been hit hard by the war as they have large foreign subsidiaries. Security Storage stock was selling around 117 at this time last year. The stock recently registered a five- share sale at 96, to yield 520 per cent. Woodward & Lothrop pre- ferred stood at 120 last year. The stock is so closely held that there have been no sales in 1940, the latest bid being 118. Woodward & Lothrop common sold recently at 49%%. The new Peoples Drug Swres com- mon stock has yet to register the first sale on the Washington Exchange. It is now quoted at 211, bid and none offered. To obtain wider distribution, the company recently split the stock, giving two shares of the new for one of the old. Utility Issues Steady. ‘Washington Gas Light common stock was selling at 2714 at this time last year, same as the present price. Washington Gas preferred moved at 105 a year ago. The most recent '.nénsfers were recorded at 107 and 106. Potomac Electric Power 5% per cent preferred moved at 113 a year ago, compared with recent sales at 114%. The 6 per cent issue, then 115, is now 116. Washington Railway & Electric preferred has moved from 11214 to 117. Capital Transit stock is stronger now than a year ago, when it was selling at 141 after dropping as low as 7. The low for this year is 133. Latest bids for the stock have been 143 with 1514 asked. Earnings have recently improved much more than the quotations. Brokers say this situation is due to dividend uncer- tainties. Security Dealers Meet Here. District Committee No. 11 of the National Association of Securities Dealers held an important meeting in Washington yesterday, members being present from the District of Columbia, Maryland, Virginia and North Carolina. Various matters having bearing on the present in- vestment situation were given at- tention. James Parker Nolan of Folger, Nolan & Co. is chairman of the committee. Others at the meeting included Y. E. Booker of Y. E. Booker & Co., Edward K. Dunn and Herbert W. Schaefer, both of Baltimore; William Frazier, Rich- mond, and Oscar W. Burnett of Greensboro, N. C. Auditors’ Section to Mzet. Frank Kenworthy, general auditor of the Chesapeake & Potomac Tele- phone Co., will address the audi- tors’ section of the District Bankers’ Association at the May meeting to- morrow night at the Lee House. His subject will be “A Controller’s Duties Toward Personnel.” H. Nor- man Glasco, section chairman, will preside, and special guests will in- clude Williamm B. Tubbs, general accountant of the telephone com- pany. John W. Hanes, former Under- secretary of the Treasury, has been elected a director of the Bankers’ Trust: Co., New York. He was a member of the same board from April 2, 1929, to December 29, 1933. Financial District Gessip. Hjalmar J. Procope, Minister to the United States from Finland, will address the Bond Club of New York at its next luncheon meeting to be held at the Bankers' Club on May 17. His subject will be *Finland’s Economic Future.” The New York banks which pur- chased more than $65,000,000 in Housing Authority notes were awarded $2,480,000 notes of the $3,980,000 Alley Authority issue, Washington, it was announced in New York yesterday. The Senate Banking Committee has begun hearings on the Downey resolution to “determine if excess or stagnant savings are accumulating in the United States.” Senator Downey declared that in addition to money that is active, about $2,- 000,000,000 & year is now going into banks and insurance companies and finding no outlet in industry or commerce, 33% 143 28% 93 175% 8914 913, 5% 12% 12 521 84 32 225 112% 15% 351 110‘& 0 115% 11315 112% 109% 127 120% 36% 2215 39 86 125 115 3419 115 28% 21y 29% 0% 294 24% 25% 37 7 13% 23% 53% 24% 6314 3% 19% 25% 3Tl 291 10% 61 44% 6% 33% 33 21% 12% 13% T 4% 26% 1% 814 19% 23% 6% 6 90 30% % Alleghany Corp - 10% Allegh'y $30 pf ww. 2% Alleghany of xw_. 3% Allied Stores pf(5)._ Allis-Chalmers .50e Alpha Port Cmt.50e Amerada (2) Am Ag Ch Del .30e. Am Afrlines Am Bank Note __ Am Bank N pf (3). Am Bosch Am Brake Shoe .30e Am Can «4) - % Am Can pf (7) Am Car & Foundry. Am Car & Fdry pf__ Am Chain & C .80e._. Am & Foreign Pwr_ Am& For'n P 2d pf_ 7 Am-Hawia'n S8 (1) Am Hide & Leather Am Hide & L pf (3). Am [ce = Am International Am Inv Il pf (2.50) Am Locomotive Am Mach & Fy.80) Am Mach & Metals_ Am Metals (le) _ Am News Co (1.50). Am Power & Light Am P&LS5pS 1.876k Am Radiator & Am Rolling Mills _ Am Roll M pf (3k)._ Am Ship Building . Am Sm & Ref (le). Am Snuff (3a) Am Steel Fdry 50e_ Am Stores ( 25e) _ Am Sugar Refining. Am Sugar R pf (7)_ Am Tel & Tel (9)._. Am Tobacco (5) Am Tobacco(B) (5). 2’( llle 167*4 BGM a5 8% Am Woolen 39 Am Woolen pf (3k). 5% Am Zinc 2614 Anaconda (.25e) 19 Anchor Hoc G1.15 110% Anchor H Gl pf (5 11 Andes Copper .25 3114 Arch-Dan-Mid .70e_ 106'2 Armour(Del)pf(7)_ 5% Armour (Il1) - 46% Armour (I11) prpf. 37 Armstrong C'k .50e. 10 Arnold Const .375e_ T3 Artloom Corp T4% Assoc D G 1st (6) 96% Assoc [nvest pf (5) 21'3 Atch Top&Santa Fe 501 Atch T&SF pf 2.50e 16% Atl Coast Line 13% Atl Gulf & W [nd pt 20'2 At) Refining (1) 8% Atlas Corp (.25e) __ 47 AtlasCorpof (3) _. 63 Atlas Powder 1.50e_ 6 Atlas Tack - 1% Austin Nichols. 6 Aviation Corp 14 Baldwin Loco ctfs. 4% Bait1 & Ohlo (r) .. 5% Balti & Ohio pf (r). 381 Bangor & Ar pf (5) 133, Barber Asphalt.50e 103, Barnsdall Oil .30e 25% Bayuk Cigar 25e _ Bayuk Cgr 1st (7) Beatr Cr pf ww (5) Beech-Nut Pgk (4a) 26% Bendix Aviat'n (le) 21 Beneficlal Loan .45e 3514 Best & Co 1.60a) 701 Beth Steel (2.25e)__ Beth Steel pf (7) 25 Bigelow Sanf'd(1le) 9% Blaw Knox 19'% Boeing Airplane 1% Boeing A rts May 24 212 Bohn Alum'n (.25e) 62 Bon Ami (B) 2.50a 22 Bond Stores (1.60) 21% Borden Co (.60e) . 211; Borg-Warner(.50e) 31'x Bower Roll B (3) . 6 Brewing Corp (.60). 10%4 Bridgeport Brass _. 19% Briggs Mfg (.50e) _. 50% Bristol-Myers 2.40_ 131 Bklyn-Man Transit. 48 Bklyn-Man pf ctfs_ 11, Bklyn & Queens 12% Bklyn & Qu pf ctf; 20 Bklyn Un Gas.50e 35 Brown Shoe (.50e).. 21% Brunswick-B .25e. 8% Bucyrus-Eri 4% Budd Mg .oceeeo 37% Budd Mg Pfoceeee. 4% Budd Wheel 20 Bullard Co (.25e) . 28% Bulova Watch (2a). 18 Burlington M (1) __ 10 Burr's Add M .20e 8% Bush T Bldgs pf 612 Butler Bros (.16e) 314 Butte Copper 21% Calif Packing .25e 1% Callahan Zine 612 Calumet & Hec .50 13% Campbell Wy .650 16% Canada Dry 4% Canadian Pacific 5 Capital Admin (A). 851 Caro-Clin & O (5) .. 23 Carpenter Steel .608 2 Carriers & Gen 05e. 118’% 111 Case (J )Co p2(7). 5614 35% 119 98% 108‘& 56 16% 33 11 3% 24% 13% 314 92 9% 32% 110% 10% 84 4% 19% 15% 1% 49% 116% 9% 40% 4% 25 25% 697 6114 650 178 11 47Y% Caterpillar Trac(2) 26% Celanese Corp .50a_ 107% Celanese pr pf (7). 9% Celotex Corp 21% Cent Aguirre 63 Central Vio Sugar_. 3514 Cerro de Pasco (2e) 614 Certain-teed 27% Certain-teed of . 18%4 Chain Belt (.50e) 21 Champ Pap& F 186 414 Chesapeake Corp (r 38% Ches & Ohio (2.50) 1% Chi Grt West pf (1) “ChiMStP&P(r). 1% Chi M St P&P pf(r). % Ch1 & Northw'n (r). % Chi & Norwn pf (r). 10 * Chit Pneu Toor . 4“ChiR1&P (1) . M Chi R1&P 6% Df(r) % Chi1 RI&P 7% pf(r). 11% Chickasha Cot Ofl . 9% Chrysler Corp 2.50e 93 City I&F pt (6.50) . 28 Clark Equip 1.25e__ 111 Clev E) [llu pf 4.50_ 347 Climax Molyb 1.20._. 857 Cluett Peab (.50e) _. 15% Colgate-Pal-P (.60) 28 Collins & Atkm'n 2e. 17 Colo Fuel & {ron 23 Colum BC (A) 45e. 22% Colum BC (B) ¢ 5% Columb G & El 20e. 86 Col GEE pf (A)(6)_ 6% Columb Pic vte 87% Columb’'n Carb (1e) 43 Comecl Credit «4) 104 ComclCred pf 4.25_ 48 Comel Inv Tr (4) _ 13 Comcl Solvents _ 30% Comwlith Ed (1.80)_ 1 Comwith & South'n 6214 Comwith & S pt (3). 213% Congoleum (.25e) 8 Congress Clgar 25% Consol Alrcraft. 79 Consol Cigar pf ay. 7% Consol Cop M .16e_.. 30% Consol Edison (2)_. 107 Consol Edis pf (5) .. 81 Consol Film pf .26k 7 Consol Ol (.80) _ 314 Consolidation Coal.- 14% Container Corp .50e 12% Cont Baking (A) .. 1 Contl Baking (B) .. 41% Contl Can (1e) 113 Contl Can pf (4.50). 6% Contl Diamond .25e. 88 Conul Lnsur 1.60a) 3ix Contl Motor - 2214 Contl Ol «.25e) 15% Copperweld Stl .40e 521 Copperweld pf 2.60 52% Corn Exchange (3) 5814 Corn Produc 3 170 Corn Prod pt (7) 7 Coty International 19!4 Crane Co 28 Cream of Wheat(2) 27 Crown Cork & Seal 15 Crown Zellerb’k le. 89 Crown Zeller pt (5) 34% Crucible Steel - 8% Crucible Ste: 315 Cuba RR pf. 64 Cuban Am Sugar—. B 47 84 15 6614 351, 50% 60 2874 133, 20% 87Y% 1734% 7 89 48% 8% 41 114% 176 30% 49% 22% 125% 23% B LEEresrttd + +++ 40% 213 4| 106 46 21% ll++-‘++lll+l++lll| 105% 5Tl 8% 117% 29% 87 197 117'e 41 49‘\ + L 565. 110 1% 19% 1812 33% 15% ot T R Tt T 211 100t 115% 354 80% 38 16% 1 111\1‘ 67 50% 27 6% 1 13% 24% 43% 29 118 90% 15% 6% 4T% 113 12% 2% 191% 623 1M 5% 14% 7 387 133 21% 73 56% 4% 10% 17 52 1T 132 109 17% 9% 1035 [ty = FF FEEFS U - ¥ ¥ EFe & % 204 Goody 18 Cutler-Hamm'r .26¢ 6% Davison Chemical.. Deere & Co Deera & Co pt(1.40) Del & Hudson ..... Del Lack & Wn . Detroft Edison (3e) Devge & Ray A 25e Diam’'d Match 1.50 Diam T Motor Distill-Seagr (2) . Dixie Vor(A)(2.60). Doehler Die C.25e Dome Mines (2) ... Douglas Afr (3g)_.. Dresser Mfg _.. Dunhill Internatl... Du Pont (1.75¢) __. Du Pont pf (4.60) Eastern Alr Line W Eastn Air rtsMay24 Eastn Roll Mills Eastman Kodak 16) 27% Eaton Mfg (1.50e) 15% Edison Bros 8 (1)_. % Eitington Schild .. 343 Eleo Auto Lite .75e. 1214 Electrio Boat 60g-. 4% Elec Pwr & Light _ 22% Eleo Pwr & Lt $6 pt 26% Elec Pwr & Lt $7 pt. 2813 Elec Stor Bat (2) __. 1 Elk Horn Coal - 347 EI Paso Nat G (2)._. 42 Endicott-John (3)._. 8 Eng Pub Service 80 Eng Pub Sve of 6.60 & Equit Office Bldg _. 1'x Erie RR «r) = 2 Erie RR 1st pf (r)_. 20!y Ex-Cell-O (.40e) __ 34'; Fairb’ks Morse(1a) 25 Fajardo Sugar (le) 3% Fed Motor Truck Fed Water Sve (A). 16 Ferro Enamel (1a). 37% Fidelity Phoe 1.60a 18% Firestone Tire G0e_ 104 Firestone pf (6) . 43% First Nat) Strs 2.50. 18's Flintkote (1g) . 214 Follansbee Bro (r). 163 Foster Wheeler __. 37 Francisco Sugar. 317% Freeport Sulph ar 2% Gair (Robert) . 101 Gannett Co pf (6) __ 51 Gen Am Tra 2.375g. 67 Gen Baking (.15e)_. 6'3 Gen Cable 18% Gen Cable (A) 4812 Gen Cable pt 17'4 Gen Cigar .25 113% Gen Cigar pt (7 36 Gen Electric (.35¢)- 451 Gen Foods (2) s Gen Gas & El (A) 51 Gen Motors (1.75e) 4% Gen Outdoor Adv _ 37'2 Gen Out Ad(A) 2k_. 8% Gen Print Ink 10e 103’1 Gen Print Ink pf(6) “ Gen Public Service. 15% Gen Rwy Signal ': Gen Realty & Util_ 16% Gen Realty & U pf. 27% Gen Refractor 25e. 14!z Gen Shoe (1.20) 24 Gen Steel Cast pt 197« Gen Telephone 1.20. 11': Gen Thea Equ .20e._. 15% Gen Time Inst .25e. 172 Gen Tire & R .50e _ 57 Gillette Saf R (.60). 44 Glllette SR pf (5)_. 7 Gimbel Bros 474 Gimbel Bros pf (6)- 16% GliddenCo __ 21 Goebel Brew (.20)_. 16% Goodrich (BF) 25 r T&R .75e. 911 Goodyear ot (5) 3 Gotham Silk Hos A Graham-Paige ~ 7% Granby Consol .50e. 31% Grant (WT) 1.20e - 234 Grant (W T)pf(1).-. 221 Great North'n pf 1215 Grt Nor O ctfs .76e. HBVA 18 334 Tk 181 34y 16% " 1334 Great Wn S pt (1) 30% Green (HL) ((2a)_ 14% Greyhound (1) 2215 Grumman Aircraft. 20 GuantanamoSpf . 341; Hack Wat pf (1.75) 23% Harb-Walker (.50e) 7% Hat Corp (A) 314 Hayes Mfg Corp . % 105 Hazel-Atlas Gl (5). 97 Hecker Prod (.60) . 14 Hercules Mot .25e 87% Hercules Powd 6 11i% Hershey cv pt (4a) . 30t Holland Furn .50e_. 52 Homestake (4.50) _ 33% Houd-Her (A)(2.50) 11'; Houd-Her (B) .25e 67 Household Fin (4a) 10874 Household F pf (5). 5'2 Houston Of1 - 41 Howe Sound (3) _ 19% Hudson Bay (le). 5% Hudson Motor . # Hupp Motor 9% [llinofs Central 20% [llinois Central Bf 384 [llinois C L (4) 24% Indust Rayon .50e 108 Ingersoll-Rand (2e) 801 Inland Steel (2e) 11% Lnspiration Copper.- 5% Insurshares (.20g) - 38% Interchemical(.80e) 108 Interchem pf (6) 8% Interlake Iron 134 Intl Agricultural 174 Intl Bus Mach (6: 53% Intl Harvester 1.60_ 1571 Intl Harvest pf (7). 31 Intl Hydro-El (A)_. 8% Int] Mercantile Ma. 5% Intl Mining (.10e) _. 28Y% Intl Nickel Can (2). 127! Intl Nickel pf (7) _ 10% Intl Paper & Power 50% Intl Pap&P pf 1.25¢ 50 Intl RyCA pf 3.25k 3 Intl Tel & Teleg 8 Interstate Dept Str 133 Jarvis (WB)(.375e) 45% Jewel Tea (2.40)___ 67 Johns-Manville 123'% Johns-Manv pf (7) 95 Keith-Al-O pt 3.50k 10% Kelsey-Haves (A) 57 Kelsey-Hayes (B) 90 Kendall Co pf (6a) 33% Kennecott Cop .2 13% Keystone Steel .25¢ 24 Kinney (G R) 25% Kinney (GR) $5 pf. 24% Kresge (SS) 1.20a__ 25 Kress (S H)(1.60 28'; Kroger Groce (2) 26'% Lee Rub & T (.75e). 0 S - [PFQ=TUr S JUPer YO ey e %+ % % Leh Valley Coal 2% Leh Valley RR (r) 21 Lehman Cerp (.40e 1215 Lehn & Fink .25e __ 26% Lerner Stores (2) _ 48Y% Libbey-Ow-F (1le)_ 6% Libby McN & Lib .. 109 105% Ligg & Myers (4a) l09‘§ 1056 Ligg & Myers(B)4a 36'% Link-Belt (1) 113 Lion Uil Ref (1) 273 Lockheed Afrc 33% Loew's Ine (2) _ 18% Loft Inc 42'% Lone Star Cmt (3) 27 Long Bell (A) 23% Lorillard (.30e) 16% Louis G&E (A) 1.50 54% Louis & Nash 1.25e_ 23% Mack Trucks ll“ 41% 37% 39Y% 46% 4% 25% 211 2% Manat) Sugar - 145% Man Ry mod gtd(r). 14% Man Ry m gtd ot(r) 27 Man Ry gtd (1) 1 Maracaibo Ol 4% Marine Midl'd (.20e| 13 Marshall F'ield 40 35% Martin (Glen) ... 7% Martin-Parry _ 31% Masonite Corp (1a! 25'% Mathieson Alk 1.50. 50 May Dept Strs (3) .. 14% MecCall Corp (1.40). 14% McCrory Strs (1) 22% MeGraw Elec (1) 7% McGraw - Hill (.30e) 37 Meintyre Porc (2a8) 9% McKeesport Tin 6 McKesson & Rob . 25% MoKesson& Rpf_. 7% McLellan Strs 40e. 99 McLellan pf (6) mRaom [ S AT NN Ao ~0 N 13% Merch & Min Trans 81'0 28 Mesta Mach (le).... ” 2% TH 125% 4% 2% 5 7014 126 103% 125% 42% 2% 4% 1564 34y 16 Y% 39% 16% 5l 28% - % 21% + % % % Th 22% + 28 17% + 4% 121 18 844 o = 19% 43% +1% 2% + % 4% 158 +1 4% - % 16 A+ £ OEE B & % FEF P44+ + +11+ + = +1 =2 LI+ + FESPEFEFFEERSE S FHE 10+ !V N S P OERFRER FREPFE KE FREFprasy FREFREFEFESFRIE FEE F EFEFE % 119 118 121% 56 45 40% 16 18% 83 8% T 22 211 16% 24" 99% 16% 13% 18% 6% i 26% 124 22 173% 1481 27 8% 3% 9% 14% 43% 8% 10% 1 14% 50 187% 39 2 2674 121 226'% 113% 264 2 115 128 165 118 324 115“: 108% 6la 24 22% 1127 1124§ Sloss-Sh pf (6)cald ?00 18% 24% 12% 3% Minn-Moline Imp. 87% Minneap-Moli 9% Mission Corp (.65g) % Mo Pacific pf (r).. 104 Monsanto Cb (2) 116% Monsanto C pf 4.5 118 Monsanto pf B 4. 45 Montg Ward 2.25 40% Morrell(J)& Co le.. 26Y% Morris & Es (3.875) 10% Motor Products . _ 15% Motor Wheel (1.60) 67% Murphy (GC) (4) 5% Murray Corp . 5% Nash-Kelvinator._. 17 Nash Chat&StL 1 13% Natl Acme (.60g) 11% Natl Aviation 22% Natl Biscuit(.80e) _. 92% Natl Bd & In pf (5). 13% Natl Cash Reg (1) 10% Natl Cyl G 20e). 16% Nati Dairy ¢ 5% Natl Dept Stores _ 6 Natl Dept S pf .30k.. 23 Natl Distillers (2).. 9% Natl Gypsum. = 19% Natl Lead (.60) 165 Natl Lead pf(A)('l) 140 Natl Lead pf(B)(6) 2113 Nat] Malleable .25e. 7% Nat] Pwr & Lt 60__ 4 Natl Steel (.50e)_. % Natl Supply Natl Supply $2 pf _ Natl Supply 6.50 pf. 2 Nat) Tea Co . Natomas (.80) Newmont Min .60e_ % Newport Indus . N Y Air Brake (le). N ¥ Centrai YChi&StL pf_. YNH&H () _ YNHB&Hf (r). N Y Shipbilding N Y Shipbg pf 1.75k Norfolk & Wn (10) . Norfolk & W pf (4)._ Nor Am Aviation _ Nor Am Co (1.20) No Am 6%% pf 2.875 No Am Co 6% pf (3) Northern Pacific _ Northwest Tel (3) .. Norwalk Tire __..__ Ohio Q11 (.20e) _____ Oliver Farm Equip. Omnibus Corp 1.20_. Otis Elevator .35e_. Otis Steel o Outb'd M & M 80e_. Owens-111 Gl (1e) .. Pac Am Fisheries__ Pacific Coast ... Pac Coast 2 pf ... Pac Lighting (3) Pac Tel & Teleg (1) Pac Tin Consol .20e Pac Western O .40g Packard Motor Pan-Am Alrways. Panhandle Paraffine (.75¢) Paramount Ple Param 't 2d pt (.60)_ Park Utah M .10e _. Parke Davis (.80e)_ Parker Rust (1a) - Patino Mines __ Penick & Ford (3) __ Penney (JC) (.75e). Penn Coal & Coke _ Penn-Dixie Cement. Penn Raflroad (1g) Peoples Drug(new) Peoples GLt&C(1e) Pere Marquette pf_ Pere Margprpf __. Pfeiffer Brew (1) ._ Phelps Dodge .50e_. Phila Co 6% pf (3)_. Philip Morris (3a)_. Phillips Petrol (2). Phoenix Hosiery___ Pierce Oil pt Pillsbury F1 (1.60)_ Pitts Coke & [ron Pittsbgh Screw 15e Pitts Steel pf (B) . Pitts Steel prpf __. Pitts Steel 5% pf _ ¢ Plymouth Ofl 1.40 __ Poor & Co (B) = Port R Am To A(r). Pressed Steel Car Proctor & Gam (2a) Pub Sve (NJ) 6be_. Pub Sve(NJ)pf(b) . Pub Sve(NJ)pf(6)._ 4 Pub Sve(NJ)pf(8) Pub Sve E&G pt (5) Pullman (.25e) Pure Oil _..* Pure Ol of (5 Purity Bak (.25e)__ Radio Corp (.20e) __ Radio Cev pf(3.50) Radio-Keith-Ur (r). Raybest-Man 25e__ Ravonter Inc Rayonier pf (1k) Reading Co (1) __ 2 Reading 2d pf (2) Reming Rand (.40e) Reo Motor vtc ctfs Republic Steel Rep Steel pt A (6).. Revere Copper Reynolds Metals__. > Reynolds Spring - % Reyn Tob (B) (le). Richfield Ofl (.50g). Ritter Dental Ruberofd (1.10g) _. Rutland RR pf (1) Safeway Strs .75e__ Safeway 8 pf (5) St Joseph Lead (1). St L-San Fran (r).. 3 St L-San Fr pf (r) Savage Arms (.50e) Schenley Distillers Schulte Retail 8 (r) Schulte RS pf (r)._. 42 Scott Paper (1.60) Scott Paper pf 4.50_ Y Seaboard Afr L (r). Seaboard Ofl (1) .__ 1%, Seagrave Corp - 80% Sears Roebuck (3). 12 Servel Inc (1) 12% Sharon Steel - 4% Sharp & Dohme 36Y% Sheaffer Pen (2a)_ 10% Shell Un Oil .608) 105 Shell Un O pt (5.50) 5% Silver King (.10e)_. 20 Simmons Co 184 Skelly O1l (.25€) N N N 208 110'% 2015 20 55 56 Tl 33y 3% 615 184, 13 15% 91y 26 591y Bl 51y 81y 42y 130% 4% 67 3 15% 110% 124 112 17% 15 Smith (A O). £ 19% Snider Pkg . - 10% Socony-Vao .25/ 4 47 10% % Y% n7% 118 121% 46% 41% 26% 14% 17% 78 6% 5% 17 20% 14% 22% 961 13% 11% 175% 5% 6% 245 9% 20% 171% 142% 24 8 % - SrovnorBwoam ranBeonnnneBare Lo g 225% 2 112 22% 3 © Li++ A+ + +1 S ScErer N E e sex"y AL IR s S e L EREREL SEES FEL _ e ot [ PN i~ A R R OT ) 47T% 4T% + 108 108 38% 384 — W W & + 27% — 13% - * 27% 13% W 4% 421 112% Y% 17% & 4% 421 112% -5 & 17% 2 2 85% 124 14% 4% 3915 12% 106 34 20% 22% 1128 16% 211 10% - ST CTOPHION- JUpJUP. < PP Y 5% 2215 1128 16% 2115 10% o LIS 10% 20% 4% 3% 23% 47 7% 11% 661 40% 124 27 116% 17% 98 8915 27% 53% 23’% 119 19% 274 124% 39% 24, T 21 159 112 19 3874 1174, 48 31% 35 110% 105% 108 115 118% 1143 25% 13l 407 32% 5 8% 1 28% 284 118 341 531 129 93 25 281 17% 4% 14% Southern Railway.. 25% Southern Rwy pf__. 1% Sparks Withington. 21 Spencer Kell (1.60). 41 Sperry Corp (3g) .. 50% Spicer WMfg pf A (3) 8% Spiegel, Inc (.30e).. 60 Spiegel Inc pf 4.50 29% Square D Co (.30e). 6 Stand Brands .20 3% Stand GEE $4 pt.__ 10% Stand G&E $6 pr pt. 13% Stand G&E $7 pr pt. 22 Stand Ol of Cal (1) 76% Sterl'g Prod 3.80a__ T% Stewart-Warner __ 5 Stokely Brothe: 914 Stone & Webster. 9 Studebaker 122 Sun Ol pf (8)_ 20% Superheater (.50 17 Superior Ofl 134 Superior St 27% Sutherl'd Pap 1. 22 Swift & Co (1.20) 27% Swift Intl (2) Tt Syming-Gould w 5% Syming-Gould xw... 84% Talcott(J)pt 2.75. 5% Tennessee Corp-. 42% Texas Corp (2) 32% Tex Guif Sul (2 T4 Tex Pac C&O (.40)_: 5 Tex Pac Ld Tr.10g. 11% Thatcher Mfg (1) 313 The Fair «, 2% Third Avenue 27% Thomp Prod(.75e) 1% Thompson-Starrett. 10 Tide Wat As O .40e_ 20': Timken-Det Ax (1) 46!; Timken R Brg 1.25e 5% Transamerica (.50) 12% Transcont! & W Alr 7 Transue & Will .16e 2% Tri-Continental 4% Truax Traer C .25e 8 20th Century Fox. 9% Twin Coach __ % Ulen & Co (r) 36 Underw-Ell-F .50e . 11% Un Bag & Pap .15e). 785 Union Carb (1.10e) _ 112% Union E1(Mo)pf (5) 15 Unlon Oil(Cal).50e 93 Union Pacific (6) . 84 Union Pac nf (4) __ 223 Un Tank Car (1.80). 431 Unit Aircraft 1.50e_ 14% Unit Atr Lines 15% United Biscuit .50e_ 111% Unit Biscuit pf (1) 1744 Unit-Carr-Fast .30e 2 United Corp 36% United Corp pt (3)_. 5 United Drug 434 Unit Electric Coal .. 75 United Fruit (4) 11% United Gas Imp (1) 10% Unit Mer & Mfg 508 4% United Paperboard 7% U S Distributing pt 5% U S & For'n Secur _ 81 U S Freight (.25e)_. 80 USGypsum (2) __. 21 US indus Alcohol 5% U 8 Leather 9 U S Leather (A) 34 U S Play Cards (2a) '3 U S Realty & lm(r) 28% U S Rubber 92 US Rub 1st pf (2e). 641 U S Sm & R pf 3.50_ 53l U S Steel (le 115 U S Steel pf (7) 35 U 8 Tobacco (1.28). 1% Unit Stockyards __. 6% Unit Stkyds pz.70._ 1% Unit Stores (A) 148 Univ Leaf T pf (8)_ 67 Univ Pictur 1st of__ 16% Vadsco Sales pt_ 28% Vanadium 114% Van Raalte 1st (7) 43 Vick Chemical (2a) Victor Chem (.30e) Va-Caro Chem Va Elec Pwr pf () Va iron Coal&C pf 2 Virginian Ry 625e 31% Virginian R pf 1.50 Vulcan Detin pf (7) Waldort System .60 Walgreen (1.60) Walker (H) (4) Walworth Co 263 6% 20‘- 4 Warren Bros (r)___ Waukesha Mot (1) Wayne Pump (le)_. 4 Webster Eisenlohr_ Wesson Oll & Snow West PennE(A)(7) West Penn E pf (6) West Penn E pf (1) W Penn Pw pf 4.50 W Va Pulp & P .15e. West'n Auto S (2) West'n Maryland. West'n Md 2d pf __. West'n Pacific pf_ West'n Union Tel _ Westh'se A B 50e Westhse Elec 1.75e Weston Ei Inst Westvaco (1.40) Wheel&L E pt 5.50 Wheeling Steel White Motor White Rock White Sewing Mch White S M pr pf (2) Willys-Overland.. 102% 111 31 6% B 21 22% 105% 26 331 94% 25% 10% 4% 4'e 19% 13 4% 22% 38% 1% 34 Worthington Pump. Worth Pump pr pf.. 43% Worth Pevprpt __ 105 Wright Aero (2g) 85 Wrigley (3a) 21% Yale & Towne (.60). 16% Yellow Truck 10' Young Spg & Wi 37% Ygstwn Sh & T 25 21 Ygstwn St D 25e . 144 Zenith Radio (1le)_. 2 Zonite Products ... - o 8 AN - PO P i - T =1 R TSP U N <} E EYSTT TSIy 9 3 @ P S & 15% 26% — TIFEEFF FER222FF 11 43% +1Y% 3315 — Y !35 135 +131 5 T 23% Th |4+ A+t A+ £5 FEE REES SE8S 21t 15% 3 15% 2% 2 - " | b 20% -1% % Approximate Sales ot Stocks on the N. Y. Stock Exchange 11 Rates of dividend in the foregoing Sfaple are on the Iast quarterly o Dursements based include xr Ex rishts Accamuiated dipidends paia jast vear lar this year. f le 100 AM. . 1:00 P.M. 230,000 450,000 12:00 Noon 2:00 P.M Total Sales for the day 690,000 s0nit of trading 10 snares rIN oanKrubtcy o fecelversnip or being feorsanised under Bankruptcy Act. or securitiex assumed oy such compan) ‘aanua) Diess ‘otherwise noted sbecial or extra dividends ‘are Payabis In sock e '’ Recumulated avi ry ) T "L gllfl ~ 350,000 -, 530,000 dis- ‘semi-annual n:eln; Foreign Exchange {ree YORK, May (). —The Britieh poung. steriing tumbled_around B gents early today to the lowest price since late in 1932, while foreign money dealers tensely followed further parliamentary de- bate in England over conduct of the wnu:i Support stiffened a bit toward noon an the net loss was cut to around 3% cents in terms of the dollar. The French franc reached another his- tom for the year. and the Swiss franc dipped .00% of a cent. ‘The Canadian dollar ~trailed after lterlln with a drop of % of a cent to o s i W sl Mo %’:‘IVDZ] at 'h Dutch xc.lu e \nge con- t s l'tlfl the mai T e e oo (Great” Britain in dollars, others in cents). Canads. 4 ’ Official C: di Control Board rates T8, Caterer Buying 10° per ‘cent per premium, di ints on c-mfllln dollars e, fork of ‘huying .01 per. cent E S atian " doliat” 1n_New gl;ket 17% per cent discount. Europe. Great, Britain, demand 33344 cables, 3.34; 60 d Belgium, e ted; Fin- 05 (batvotents 16 50); Grdecs 5;/’ volen Hingarye 17 S6n iy b 08 Nenmnn 5. B30 Norvay, Upauatad: umania, 0.52n; Jand 22.42; Yugoslavia, 2.34n. Latin America. ntips, oficial. 20.77: ial, 6.06: free. Ar; Brasil, 6.85n. free, 5.10; 22.75; Mexico, Par East. Japan, zgfids, Hong Kong, 20.94; !hlnlh Lh‘l spot_cables unless otherwise lndll:lud. n Nominal.) London Bar Silver . (un‘fnmt 3738 '”ci""fif R " 2 | trade steady to stro 01 selects 1 e S | Chicago Livestock 8 (. —(United States o m?ox"»fg'mm ture) —Salable hows closing slow with D but bulk hogs sold on around 1 s: paid freely: bulk, 0 pounds, 5. 0- 5.50-85: 50WS .mund w higher: good 400-550 pounds mostly S| 310 Smooth “Hehtwelghts up to 525 and 40, Sulable cattle, 8000 ~salable calves. 1.000; _recent decline stop: lower srades and yearlings W most “strengt medium- weight and welghty steers in very liberal gupply: but attracting more interest on both local and outside account: competing_with :mm on lLieht cattle uu- ing at 9. ownwar et 000, domare Cloade 711 $E-R0! numerous loads with weight, 10.26-11.00: sizable supply light steers and vearlings 8t 10.00 down: 8.00-75: helfers stead. ifers and cows in n flywe Ilkinl. 10 40 uvfl‘ll t and handneuht clippers 940. with fed Texas, 8.75: fat sheep. 50 lower week: best lishtweight clipped ewes 4.00: today's trade: few s: ooled and clipped lambs barely ltlldy. 'lt.h ‘woolskins at 10.25 and cllpnerl at zhmce wooled lambs held ‘hg:h mbs around steady: seven Cllflor lxla‘rlnleu. ll 25. with one detl at 113 sheep scarce, uneven: mostly steady. Chicago Produce PO R 2 tr ucsdllnder 4 pounds, 25%; other 7,310; Mld ,,_Prices un- m:‘ 3| ‘g 51 '.u&y. {resh ster Tocal, ¥ rectite othe'r prices janged. itoes, 81; on track, lW. totll U, ts, 782; old ld!d 5! 8. Tl light; demand uehd zun- ViR SR el Minne- "n&‘mv. g sota and North Dakota Red River Valley section early Ohios. 60 to 85 per cent U. 8. No. 1, few lllel. 130-45. 5 Texas Triumphs, steady: demand rather slow'” California’ long whites, stéads. dex mand moderate; supplies moderate; carlot and less than' carlots, 50 O-pound sacks. Texas Bliss Triumphs, . Ne few sales. 1.45; U. 8 1.35-40: 8. 'No. Tonk. whites, No 1. washed. under initial ice. 2.30~ 40: mostly’ 2.35-40: Bliss Triumphs. 10 pound sacks. U. § No. 1. washed, ci B mproulsiana. | 100-pound sacks ' Bl Triymphs. U 0. 1, washed, 2.40: size California, s New York Produce NEW Y( ORK. llly 8 (P.—Eggs. 45.202; xtndy Ml Fancy to extra fa) Lovnn ex men;. -10: m;ue-n&eel nnt recelpt rties, 64 age checks, 1 Whl‘.el Resales of Dremnun mnrk:. 22-24%. Nearby and Midwestern premium mlrl. 20-21%: specials, 19%: l!lndlrdlv i Resaies of exchai sq fancy elvler mediums. 17%40’/4 ell‘by and Midwestern mediums. Ya. Netl'b’ hncy to EX"‘I fancy, lrb! and Midwestern spe- tandards, 18%; — n17_1“ Vi medl\:l. 16%. Ic] Butter. - 1504 Higher' th ex Sxranee | ™ 98 bt ead: .s’/ 20 'é score), § M Prices un- seconds (84-87), first Checre. 545.880: irresuiar. chan; Long Island, 12‘/: Other fresh and ha ed l "0' . Reck Turse, . 26-27: "crosses, hrn. Bt 0 er: uhe toms, 14, orn, | olo; 17 Pull u 30 small, London Tin Prices ngmtwnnm g R ,‘ “'\ ged. Dresséd poultry frm: fresh boxes, ducks, | ass Handful of Specialty Issues Also Higher; Others Decline Stock Averages 15 18 Indust, Radis, i), Net change unc. unc. +.1 Today, close 71.2 18.6 Prev. day._ 712 186 Month ago. 725 193 Year ago__. 65.1 184 1940 high_. 742 205 18.0 80 8tks. unc. 498 4938 50.6 46.1 522 492 238 639 15.7 416 60-Stock Range Since 1927: 1937-38. 1932-36. 1927-29. - 753 728 157.7 337 169 618 (Compiled by the Associated Press.) By VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, May 8—Rising ten- dencies in today’s stock market centered mainly on steels and avie ations, together with a handful of specialties. Elsewhere many leaders exhibited considerable apathy and top gains running to 2 points or so for favorites were marked down at the close. Minor losses were well dis= tributed. Traders evinced much interest in the House of Commons debate on the British Norwegian reverse but apparently the only market effect was to bring in bidders for stocks that stand to profit from increased war purchases. The conclusion was that, even if Chamberlain is evene tually “given the gate,” the allie: will push their campaign agains the Germans with renewed vigor. Business news at home continued to be a sustaining influence. The list was lively in the fore- noon, but activity flattened out after midday. Transfers were around 700.000 shares. Bethlehem Steel went into new high ground for the year. Up at one time or another were United States Steel, Boeing, United Air- | craft, Eastern Air Lines, American | Airlines, American Smelting, Loft, Bendix, Lockheed and Eastman Kodak. Some backed away at the finish. General Motors was resistant as the company showed the best April sales to consumers for any month since April, 1937. New York Ship- building was the successful bidder for two light naval cruisers and the stock edged forward. Newmont Mining stepped up when directors voted a 100 per cent stock dividend. Not so pleasing was another slump in British Empire dollar bonds and a further drop of the “free” pound sterling to a new bottom in about eight years. The latter recovered | somewhat. Foreign markets were ragged. Commodities did better. Wheat at Chicago rose 12 to 1% cents a bushel and corn jumped® 153 to 17%. Cotton in late transac- tions, was up 10 cents a bale to off as much. Chicago Grain By the Associated Press. CHICAGO, May 8—After rapid and erratic price movements most of the session, wheat values pushed upward to net.gains of more than a cent today. Corn rose almost 2 cents to the highest level since late s |in 1937. The critical European situation, including the British government crisis and reports of the fear of war spreading into Holland and Belgium, caused much uneasiness . |among grain dealers and prompted some of the late short covering. The pit heard unconfirmed rumors |that the United Kingdom was a buyer of United States corn over~ night or today. Wheat closed 1;-1% cents higher than yesterday, May 1.06-1.06's, July 1.05-1.047; corn 13%-174 higher, May 665, July 67%-3;; oats 55 upg WHEAT— -Ogen Low. Close M-y = 1.04% 1.08-06% Beptember i3 41 is 1030 1.05%-Y% 668 ATla-3 67%-T 22323 s BEBES July 2 Seotember ___ e Chicage Cash Cash wheat. sample lnde‘ red. 1.03%% Sorn: No. 1 vellow, 68-68%:"No 7150 gajai No. 4. 681 No. 5. Ne. & whice. Frod o white. 39. . alting. 43- : No_ 4 barley, b4: No. 3 .v beans, sample zrade. Winniper Prices. WINNIPEG. May 8 (P.—Grain range today: slm . 8% n"g’ Rtk "oate, No. 3 white. 88: Close. .ss% Zs" Baltimore Quotations. BALTIMORE. May & (P.—Wheat. No. glze‘z winter, garlicky, spot, domestic, Foreign Markets LONDON, May 8 (#.—British govern- ment bonds scored fresh gains today. but Subport waned Iater as the security market watted_ for parliamentary debats’ on the war. While the gilt-edged list closed with advances, most revisions elsewhere were Industrials were _distinctly al ils tended lower despite a recovery in recently hi Kaffirs, generally were. chief exceptions 1o the trend. JanigF rlll |uuel weakened. Most European bonds uus— weak undertone persisted in the bourse today. Traders cited Dutch mo- bilization ‘L‘"' and general uncertainty . Ordinary nded 20 centimes lower to 10 hig] (STERDAM—] Pronssiic, isey Showed ts in the bourse, & Most American losses ranging to 2 shade above lhe dly s lo'l stocks improved. Boston Wool Murket BOSTON, 8 (P.— (United Ml‘el Department of e riculture). —Trade very slow in t] oy slow the Boston waol nurhz o ay. lew mills were buying small ai fitles 0t ‘ool to_tover urgent nufln“‘\‘k {bey were not inclined fo antic equirements. e e vers iitle change. ' Sales of ’l’e!la w%oll m clnufl at -mlwmuh- ine