Evening Star Newspaper, May 9, 1940, Page 19

FINANCIAL. THE EVENING STAR, WASHINGTON, Moderate.Recoveries | BONDS. ON N. Y STOCK EXCHANGE By srivate 'ln direct to The Star. Amn-m 'I'uln:lm Today. Shown by Brifish Empire Bonds Assortment of Other Foreign Issues Also Turn Upward Bond Averages Rails. mm?n O, P, Net change unc. +.1 unc. +.3 ‘Today close 58.4 *103.6 97.0 46.1 Prev. day.. 5841035 970 458 Month ago. 5821028 97.2 Year ago... 55.7 99.0 949 1940 high__ 59.9 103.6 1940 low... 56.6101.9 1939 high.. 64.9 1020 1939 low... 534 95.8 10 Low-Yield Bonds. Close_... 1132 Prev. day 1132 ‘M’'nth ago 1125 Year ago. 1118 1940 high 113.2 1940 low. 1115 1939 high 112.6 1939 low. 103.6 *New high. (Complled by the Assoctated Press.) By the Associated Press. NEW YORK, May 9.—British em- pire bonds and an assortment of other dollar obligations that have been under severe pressure the last few days following the allied with- drawal from Norway found the go- ing better today and made mod- erate Tecovery of some of the losses. Up 1 to 4 points as the session be- gan the final hour were Oslo City 41s of '55, German government Ts of '49, unstamped; Norway 4s of '56; Sidney 5%s of '55, Australian 41%s of 56, New South Wales 5s of '58, Bel- gian 6s, Denmark 414s of '62, Italian 7s of 51 and Milan City 6%s of '52. ‘The improvement accompanied a lull in European war developments, and talk of a forthcoming British government reorganization. Small gains and losses were about evenly divided in the corporate list. A shade advanced were American ‘Telephone 3%s of '66, Consolidated 0Oil Convertible 3%,s, Commonwealth Edison 3%s, Montana Power 3%, Erie 5s of '75, and Chicago & Eastern Illinois 5s of 51. Down slightly were International Paper 5s, American & Foreign Power 5s, International Hydro Elec- tric 6s, Portland General Electric 41%s, New York Central 5s and St. Paul 5s of '75. United States Governments were up a bit in light dealings. ‘There was some strengthening in the domestic list in the final hour. Louisville & Nashville 4s ended up 3 at 83, Northern Pacific 6s were 2 higher at 601 and Great Northern 3%s gained % at 7915. New Chicago & Eastern Board Is Announced By the Associated Press. CHICAGO, May 9.—Members of the new Board of Directors of the Chicago ‘& Eastern Illinois Rail- road under terms of the reorganiza- tion approved by the Interstate Commerce Commission and the Fedgral * District Court were an- nounced yesterday by Kenneth D. Steere, chairman of the board of the old company. Three members were named by the Reconstruction Finance Corp., five by Steere and four by Carroll M. Shanks of the Prudential In- surance Co., chairman of the pro- tective committee for the general mortgage 5 per cent bonds now out- standing. Appointees of the R. F. C. were Roger C. Hyatt, member of the old board; Frank O. Watts of St. Louis and John W. Barriger, 3d, chief examiner, Railroad Division, F. C. Steere’s appointees were Charles T. O'Neal, president of the old com- pany; Will H. Hays, Joseph B. Gra- ham, Robert C. Graham and him- self, all former members of the old board, Auto Production Climbs Sharply Above 1939 By the Associated Press. DETROIT, May 9.—The Automo- bile Manufacturers’ Association esti- mated today that production of pas- senger cars and trucks in April totaled 447400 units. This was 2 per cent higher than the March out- put and 26 per cent above the volume of April, 1939, the survey said. For the first four months of 1940, A. M. A. placed assemblies at 1,758,- 445 units, or 24 per cent above the comparable period of a year ago. Automotive News estimates April assemblies at 445817 units. In its weekly survey of assembly plant activity it places this week’s produc- tion at 96,960 cars and trucks com- pared with a revised estimate of 100,382 last week and 77,857 this week a year ago. It attributes the shrinkage this week to a curtail- ment to four-day operation in sev- eral plants. New York Cotion By the Associated Press. NEW YORK, May 9.—Despite de- clines in foreign gnarkets and “free” sterling exchange rates, cotton prices moved into higher ground today. Trading was active, with mill in- terests heavy buyers. Speculative interests turned to the buying side, with light offerings coming from the South and some profit taking. Lack of foreign pressure also encour- eged sentiment. Midafterncon prices were up 8 to 12 points, May (old), 10.65; July (old), 10.31; March, 9.65. Futures closed 6-12 high Old contract: Fe Oven. Hi May % Sin 10. uly 0! New contract: a; 1 5 Low. T 0.56 3 0.78 » 1038 10.78 10.39 2 Last. 10.64 10.29 lo8s 4 E 7 Booo255 S35 Zamonn e R n u‘i\ddllnx. mt ('/--1 ch + 10,730, Cottonseed ST e Ll’.,.',i;"’“fai? October, 6.07; December, 7. o Bleachable ices. ‘ORLEA! y 9 (i.—Foreign and domestic trade bu; and short cov- ering advanced cotton futures today. Clos- inl grlc!s were steady at net ll“ll of 5 Low. 10.68 1 1034 1 290 9.82 | 9.66 ( 9.49b —m— M2 lonseed ol closed steady summer Yfllo'; 87 6.3 % 6.480; Ociober B l!emlm!. 3 .hnuny,. é.s hsa ,~ - Rome 6% s 62 R.! Domestic Bond Forelgn Bond: USGovt Bonds __.., TREASURY. High. Low. 106.13 106.10 106.13 106.15 106.16 106.15 109.14 109,14 109,14 107.18 107.13 107.18 108.16 108.14 108.14 11L7 1.7 1117 11L7 11L5 1116 - 111.29 111.29 111.29 112.25 112,25 112.25 103.8 103.8 109.5 109.5 109.5 2%8 194968 __. 23%s 1960-63 ... 2%s 1945-47 2% s 19686-1 2%~ 1956 38 1946 38 1951-556 3%s 1946-49 S%hs 1949-52 3% 1941-42 Mar 103.8 3%s1943-47 __ Close. FEDERAL FARM MORTGAGE. 2% 81942-47 104.26 104.25 104.26 HOME OWNERS' LOAN 38 1944-52 107%.26:107.26 107.26 NEW YORK CITY BONDS 351980 B wi_ & 351980 Iwi _ FOREIGN BONDS. abitibl P&P 6= 63 Antioquia 78 45 C Antioquia 34 7s §' Antwerp is 68 - Argentine 4s 72 Feb Australia Australis s 55 Australia 6867 ... Belglum s 66 ... Belgium 6% =49 ____ Belgium 7s 65 Brazil 6%s 1926-67._ Brazi] 6%s 192757 _ Brazil C Ry El 18 62_. Brasi] 8= 41 Breda Ernesto 7s 54 . Brisbane bs 57 Brisban 58 - Buenos Afres 3s 84 _. Buenos Afres ¢%s 77 Buen Air 4%s Aug 76 Buen Alr 4%s Apr 76. Canada 2%s44 _____ Canada2%s 5. o Canada 3s 67 Canads 3s 68 Canada 3%s 61._ Canada 4¢s 60 .. Canada os 52 —- Chile 6s 61 Jan assd . Chile 6s 61 Sent assd. Chile Mtg Bk 6s 62 . Chile Mtg B 6s62 asd Colombia €s 61 Jan . Colombia &= 61 Oct _ Col Mtg Bk 61%s 47_. Copenhagen 6s 52 Cuba 43%8s 77 Cuba 5%s ¢5. Denmark ¢14s 62 Denmark 5%s 65 Denmark 6s 42 e Dominie 1st 5%s 42__ El Salvador 8s 48 ct_. | GerGb6%s65unst__. German Govt 78 49 ._. Ger Gov 7849 unst __ Grt C El Jap 6%s 50 _ Greek G fs 88 pt nd _ Greek G 7s 64 ptpd _ Hung LM 7%s 61 A_ Hungary ¢%s 79 ext_ Italy 78 61 [tal Crd P W 7s 47 B_ 11 PUCra7s62.__. Japan 5%s 65 Japan 6%s b Lombard El 7s 63 Mendoza ¢s 54 Met Water 6%s b Mex 43 1910-45 a Milan 63%s 62 e New So Wales 58 57__ New So Wales 68 58 .. Norway 4s 63 Norway ¢3s 65 Norway 4%s 6 Norway 6s 43 _ Norway 6s ¢4 - Oriental Dev 5145 68 Oriental Dev 6s 53 Uslo 434865 _ Panama 6s 63 Pansma bs 63 st asd. Peru 1st 6360 __ Peru 24 63 61 p— Porto Alegre 8s 61 Queensland 63 47 Queensland 7s 41_ Rio Gr do Sul 6s RioGr do Sul 7s 66 8ao Paulo St 7840 .. Sao Paulo St 78 66 _. Shin’su E P 618 52_. Sydney 6%856 _____ Taiwan Elec 5%s 71_. Tokyo El Lt 6s 53 _.. Ujigawa E1 P 7845 Uru3¥%-4-44sadi 79 Oruguay 3%s 78 Dec Uru ¢-4%-4% 78 Feb. Yokohama 6» €1 9Th 96y High, 53% 10% 9% 8374 97 97 96% 96% Low. Close. 63% 53% 10% 10% 9% 9% 67 687 834 8314 3% 84 95% 96 RRY R8Y 54 57% 60°% 62 59 61% RT% 8T% 8915 894 R 98% 14% 14% 140 14% 14% 4% 1% 17% 85 85 4% 54% 544 55 4314 43% 58% 58% 59 59 59% 60 924 924 9% 92 6% 76% 5% T6% 83% 834 7% 92% 99% 99% 13% 13% 18% 13% 14% 14% 13 18 274 2TH 27 27 25 25 19% 19% 60% 60% 80% 80 22v% 22% 24% 24% 27 28% % 71% 15% 15% 9 8 M 14 8 8 2% T2% 1 11 13 13 6% 6% 23 25 50% 53 49% 49% 40 4w 64 64 85% 85% 66 66 80 80 57 57 kK 38% 57% 57 25% 25% 24% 244 28% 28% 35 35 37 . 3% 55%., 55% 58% 58% 25 25 73 13 664 66% MU 9% 10 3% 75% 9% 94M 9% 9% 9 9 43% 43% 33 33 10% 10% 60 60 55 57 55% 55% 60 60 86% 86% 51 51 49% 49% 53 53 DOMESTIC BONDS. 1 Alb & Sus3%s 46 _. Alb Per W P 6s 48 _ AIbP W P 6s 48 ww. Alleg Corp 63 44 Alleg Corp 68 49 Alleg Corp bs 50 Allled Sto Allis-Chalmer: Am & For Pw Am 1GChb%s 49 Am Intl 6%s AmT& T 6%s 43 Am Wat Wks 6s 76 __ Anaconda db 438 60 Ann Arbor 48956 ____ Armour(Del)1st4s 65 Armour(Del)4s 67 A T&S Feadj 4s95__ A T&S Fegen ¢s 95.__ A T&S Fe 4148 48 A T&SF RMt dv 4s 65 A T&SF TC StL 4s 68 At &Ch A L 4%s 44 Atl&Ch A Lbs44 Atl Cosst L 18t 48 62 Atl Coast L clt 4s 53 Atl Coast L 4%s 64__ At1 & Dan 1st 48 48__. Atl & Dan 2d 4548 __ AtIGuif & W | 68 69 Atlantic Refin 38 53.__ & O 96 F‘ l!lmn.d < B&O 2000 D stpd B&OPLE&W Vads5ist B&OS W 60s std Bang&Aroos cn 48 51 Bang & Arcv 4s 61 st Bang & Aroos 65 43.__ 108% 108% 6218 624 74 104% 104% 103% a4y 103% . 103% 87 1074% 104% 100% 110% 97 104% 105 110 1104 109% 109% 1074 107 108 108 103 103% 44% 44% 103% 108% 103% 103% 86% 87 106% 107% 104% 104% 100% 100% 110 110% XO!% 106Y% 68 12% 26% 29 26% 26 56 4% 63 65 95 Bell Tof Pabs 48 B_. 116% 116% 116% Beth Steel $%8 69 F'. Beth Steel 314863 _ Bos & Me 4% s §1JJ Boston&Me 4%s 61 st Bos & Me 68 85 Boston & Me 6s 66 st Bon & Me 65 87 Boston & Me 65 67 st_ Bklyn Ed cn 3%s 66 Bklyn Man T 43s 66 Bklyn Map ¢ s 66 ct Bklyn Un Gas s 45.._ Bklyn Un Gas Bklyn Un G 6s 67 B Bklyn Un G rf 63 47 Buff Roch & P 67 std. Bush Term cn bs 66 Calif Oreg Pwr 4s 68 Canada South 68 62 _ Canadian NK 4 %8 61 Can NR 414866 Can NR ¢%s Can NR 0“'55 Can NR 68 ’Ool. Can NR 68 70 Can Nor 6348 46 el 1064 106 108% 108% 108% 108% % 50 110% 102% 2h 113 9814 107% 114% 39 45 106% 80% 92% 95% - 103% 59% T0% . 1024 5% 50% 49 b52% 50 50% 49 52% 50 50 110% 110% 102% 102% 92 924 13 113 98 984 107% 1074 114% 5% 95% 95% 103 103t 58% 659% 70% 70% 102% 102% 4% T4% 45% 45'% 45% 4% 48 ?‘ 4| Grt NR4%s876D High. Low. Close. Cort'ddebbMs 48 _. a2y 82 82 Champ Pa ¢%8 38-50 104} 104% 104% Ches & Ohi; C& O R&A st 4589 Chi B&Q gen ¢n 68 .. Chi B&Q ¢ %8 17 Chi Burl & Q6 71 CB&Q ill Aiv 348 49 CB&Q I Alvds ¢y . Chi & E 111 68 61 Chi & E I1) 68 61 ct. ... Chi Grt West ¢s 69 _. Chi Ml &St P4s8Y_. CM&StP ¢4889C . CMA&StP 4%4889E . Chi M&St P 4% s80__ Chi M1 &St P6sT5.. CMA&StP ad) 68 2000.. Chi&NW gen 8148 87 Chi&NW ¢ %48 2037,C. Chi& NW ov elindy_ Chi&NW rf by 2037 89% B9% B89 97% 9T 9TH 100% 100% 100% - 15% 16% 16 18 29% 30 26% 27 27 2T% 21T 27w 275% 27% 6% 6% 1% 1% 16% 15% % 9% 2% 2% 10 10 6% Chi RI&P rf ¢a IQ e! Chi RI&P ¢ %862 A _ Chi RI&P4 %8524 cfs ChIRI&P cv 4348 60 Chi Un Sta 3% e Chi & W Ind ev Chi& W Ind 4% - Childs & Co 63 43 ._ CInG&E3%s 66 Cin Un Term 3% 71 CCC&StL rf 448 71 Clev Un Ter 41,817 Clev Un Term 61 73 _ Clev Un Ter 6%s 72 Colo F & Ir 63 45 _ Colo F & Ir bs 70 Colo& So 445880 _ Col G&E bs 52 Apr __ ColG & E 68 52 Hl! ColG & E & Comw Eq 31,8 6% _ Comw Ed 3%s Cons Coal Del bs Cons ENY db 3%s 48 Cons EAN Y 3%s 66 Cons Ed N Y 3%s 68 Consol 011 3%s 61 Consum Pwr 3% = 66 Consum Pw 1st 3} €9 Consum Pwr 3%s 67_ Consum Pwr 3148 70 Container 6s 46 _ Contl 01 3% 48 CrownC& 8 ¢%s 48 Crucible Steel 4 %8 48 Cuba Northn 6%s ¢3_ Cuba R 1st 6862 ___. Cuba RR7%s46 A_.. Oel & Hud ref ¢s 43 ._ Den & R G con Den&RG W D& RG W b8 65 Den& RG W rf 68 78 Det Edison DetTer&Tun 4 v.- 1. Dow Chemical 3s 61 Duluth M&IR 3%s 62 Duluth SS&Tt) 58 37. Duquesne Lt 314s 65. BTV &Gacnbste Eleo Auto Lt 43 62. Erie 1st 43 96 105 105% 105% 129% 111 64% 64% 1067% 106% 105% 105% 108% 108% 106'4 106% 1087% 108% 109% 109% 110% 110% 110% 110% 101% 101% 108 108 104 103% 105% 105 29 28% 37% 3% “ o« 554 554 8% 8% 2% 2% 2% 2w 6% 6u 110 109% 98 98 106% 106% 108% 108% 2415 244 107% 107 95 95 - 107 107 62% 6213 28 28% 15% 15 15% 15 7 70 107% 107% 104% 104% Fairbks Morse 4 66__ Firestone T 3148 48 __ Fla EC Ry 4 %s 59 Fla E Coast Ry 5s 74. Fla EC Rv 58 74 ctfs FondaJ&G41ps52filed Francisco Sug 6s56.. 60% 60% Gen Am Inv 68 62 . 104 103% Gen Cable 5% s 47 105 105 Gen Mot Acc 338 61. 103% 103% Gen Sti1Cast5%s43.. 73 714 Grt Nor Ry 3%s67... 80 88 Grt Nor Ry 43 46 G . 10474 104% Grt Nor Ry 4s48 H _ 96% 96% Grt N Ry 1st 438 61 108Y% 108 88 87 88 874 102'% 102% 103% 103% 111% 111% 4% 13% 4T% 46% Grt NRgn4%s 7B Grt Nor Ry 6%s 62 _ Gulf Sta St 4%861__ Gulf 8t Ut!) 3%n 69 Hoe(R)1st mtg ¢4.._ Hud & Man in¢ 58 67. Hud & Man ref bs 67. NiCent 4852 o 0ee 111 Cent 48 63 111 Cent 4% 111 Cent ref 68 6 - ICC&ST NO ¢%s 63 ICC&StL NO6s 83 A. Ind & Louisv ¢s 56 Inspir'a Cop 1st 4s 52 Int KL 18t rf 68 66 int R T st rf s 66 ct int R T 6s 32 - Inter R T 6s 32 ctfs Inter RT 7832 _ Int RT7832ct _ Interlake Iron 4s 47 Int Grt Nor 1st 6s 52. Int Grt Nor ad) 6s 62. int Hydro El 68 44 Int Mer Mar €s 41 Int Paper 1st 68 47 Int Paper ret 6s 6 Int T&T 4 %s Int T&T bs 66 Jones & L Stl 4%s 61 Kans C MS&M 4s 36 KOFS&Mrf4s36et Kans City 8o 3s 60 City Term 2 Kings Co Lt 65 97__. Koppers Co ¢s 51.. Laclede Gas 63 42 Laclede Gas 6348 63 Laclede G 514860 D . LakeS& M S 3%s 97 Lake S&M 31%s 97 rg. Lautaro Nitrate 76 .. Leh C&N 4% 64 A _. Leh Val C 53 64 std__ Leh Val Har bs 64 Leh V NY 4%s 40 asd L V RR 48 2003 asd LV RR 4%s 2003 asd L V RR con bs 2003 L V RR 68 2003 asd Libby McN&L 4 55 L1gg & Myers 7 Long Isl ref 4s 49 lL La & Ark 63 69 = L& Nash 3% s 2003 L &N ¢%s2003 L& NG6s2003 B -. L&N So Mon it 4852 MeKesson&R 5%s 50 Manau Sugar ¢s67__ Manhat Ry 48 90 ct Man Ry 24 452013 cfs Metrop Ed 4%s568 _ Met West Side 4538_. Mich Cons Ga Mid RR N J 5 Minn &St L4s49 __. MStP&SSM cn 43 88_. MStP&SSM 5%s 78_. MoK &T Ist 4890 Mo K&T 4s62 B Mo K&T 6362 A ..o Mo K&T ad) 68 67 Mo Pac 6 Mo Pac Mo Pac L Mo Pacbs 17 F et.._ MoFacbs80H ... MoPacbs811 ... Mo Pacbs8llct___. MoPacb%s49 .____ Mob & Ohio 4%s 77 Mob & Ohio 6838 __ Monong P S 4%s60__ Monong P 8 6s 66 Mont Pwr 8% Morris&Es 8 %3 2000. Morris& Es 4%s 65 .. Morris & Es 6s 55 Mount StT&T 314868 Nassau Erec ¢s81._. Nat Dairy 3%s61 ww Nat Distili 3%s 49 _. Nat Steel 8» 65 New Eng RR 4845 __ New E T&T 4%s 61 Néw E T&T 1st 68 52 New Orl & N 43%s 52 New Ur1 PS6s 62 A New Ori PB6s65 B New Orl Ter 1st 43 53 New Orl T&M 63 64 B 19% 1% 81% 384 110 111% 104% 42% 82% 384 109% 109'% 108% 104 102% 104 1067 1067% 106% 105% 105% 105% 105« 106% 106% 43% 434 43y 128 128 128 126% 126% 126% 56 56 56 104% 104% 104% 104% 9% 87 Queens 3%s65.. Steam 3% 5 63 Tel 3% s 67 NYWaBaynes. . Nort Southn 68 ¢1.... Norf Southn 6361 _ Norf Southn 6s 61 ct. North Am 834849 __. North Am 8%s64 . Nor'n Pac gn 3s 3047 Nor'n P gn 3s 2047 rl Nor'n Pao ¢ Norn Pac ¢ s 2047_ Nor'n Pac 8 2047C.. Nor'n Pac 62 2047 D... Nor'n Paoc 6s 2047 North Sta Pw 3348 ¢7 Ohio Edison 8 3.. Ohio Edison 4366 ... Ont Pwr Niag 63 43._ Ureg Sh Line bs 46___ Oregon W RR 48 Otis Steel ¢ 148 6! Pac Coast 6s 46 PacGan& E13 PacG & E3% PacG & B 4s Pac T&T rf3%s66B Panhand ET 4 62 __ Param’t Pic 33847 Parmelee .u Penn Co Penn Dlll.C 6s41 A Penn O&D ¢ 43 17 ___ Penn P&L 3% x 69 Penn RR 3%4862... Penn RR3%s 70 _. Penn RR ¢ N Penn RR cn 4s 48 ltl'l Penn RR ¢%s81 _ Penn RR 4%s 84 Penn RR 4%s 60 _ Penn RRgn ¢ %8 6b .. Penn RR db 4%s8 70_. Penn RR geh 6368 _. Peoples GLAC bs 47_. Pere Marq ¢%s 80.__ Pere Marq 63 66 Phelps Dodge 3%s 62 Phila Elec 3%s 67 Phila RC& Ir6s 73 _. Phila RC& Ir 6 49.. Philipoine Ry 4537 Porto Rico A T Porto R A T 6s Pressed 8tl Car 53 51. PubSve N I113% Reading R 4%s 97 A Rem R'd 438 66 ww Rem Rand 448 66 xw Republic Stl ¢ 48 66 Republic St) 4148 61_ Republic St} 6%s 64 Richfield O1) ¢s 52_ Rio Gr Junc 5s 39. RioG W 1st 4539 Saguenay Pw % 8t L IM&S R&G St L PANW 68 St L Pub Ser 5s 59 St L-San Fres 60 A_. St L-8Ban Fresé0ct_. St L-San Fre¢%s 18 _ StL-SFe%sT8ctsat St L-San F 68 60 8... StLSWistds StL8SW2d4s l9 St L South Wn 58 St LS W ref5s90. StPKSL4%s41 St P Un Deprf 68 72_ San A&ZA Pass 4z a3 San Diego CG&E 4865 Schulco 6% 48 A stp Schaico 6%s 46 B stp Scioto Val&NE 4s 89 Seabd A L 4s 50 &tp__ Seabd A Lrf 4» B’ Seab'd A L con Seabd A L 8s 45 t Seabd A F 6535 A Shell Un Of) 248 Silesitn Am 75 41 Stmmons Co Socony Vac 3 So Bell T&# T So Bell TAT 3% Southn Cal G ¢s Southn Cal G ¢3s 61. So Colo Pwr 65 47 A Bouthn Kraft 4% ¢6 So Pac 3%s ¢¢ SoRygendsbS A So Ry 58 94 80 Ry gen 6x 66 So Ry 648 66 Stand OlI N J 2%s 53 Stand O1l NJ 3s 61 _ Studebaker cv 6s 45 Swift&Co3%s 50 _. Ter RR As StL 48 63_ Texarkana b Texas Corp 3s - Texas Corp 33%s 61 Tex&Pac 18t bs 2000 Tex & P MPT 5% 64 Third Av ret Third Av adi 68 Tide Wat Of) 3348 52 Tol & Ohto C 3% 60_ Un El(Mo)3%s 62 Unton O11(Cal)3s 6 Un O11(Cal)6s 42 A. Un Pacifia 33438 70 Un Pacifio 3%s 71 Un Pacific ist ¢s 47__ Un Pac ref 432008 ‘Utd Cgr W Strs 63 52. United Drug 6s 63 . U S Steel 33,8 48 Utah L&T 68 ¢4 Utah Pwr & Lt 68 Utility P& L 869 . Utility P& L 5348 47 VAEI&P3%s68B.. Va Ir C&C bs 49 Va Ry 18t 3% 66 VaS W con 6s68_.. Wabash ¢ 48 78 C.__. Wabash 2d Wabash bs 80 DA.-.. Wabash b34s 76 - Walker H&S 438 45. Walworth ¢s 66 Warner Bros 6s 48 Warren Broscv 6s 41 West Sh Lat 48 2361 West Va P&P 38 b4.__. West Aid 18t 45 63 West NY&P gn West Pacific 8 A_ West Pac6s 46 Aas.. West Union 4348 60 Wilson & Co 48 65 ._ Wis Cent 1st gn ¢s 49 Wis Pub Sve ¢8 61.. Toungst'n S&T 4 Youngat'n 8&T Bureau Issues High. Low. Close. 108% 108% 108% 5615 661 56l 109% 109% 117% 117% 184 184 A% A% 19'; 19% 20 20 6% 6 6 110% 110% 110% 1074 1074 107% ur L b4% 6% 6% nu 4% 4% lfl’A 16'/- :&u 108 105% xm 106% 106% 43 43w 4y ay 69% 170 4% a8 5¢ 54w 534 B66% 60U 584 604 110% 110% 110% 110 109% 110 107% 107 107 104% 104% 117% 117% 106% 106% 8% 78% 59% 6010 110% 110% 1% 113 110% 105% 105% 107 105% 1054 106% 105% B4l 844 108% 108Y% 16% 16% 16% 63 66% 67 64% 65 101% 101% 124 12% 101% 102 1065 106% 224 22% 108 109 109% 105% 105\ 106% 106% 106% 106% Report On Cotton Imports By the Associated Press. The Customs Bureau said yester- day that imports of cotton staple 1% inches or more between Septem- ber 20 and April 27 filled 21,510,834 pounds of the 45656420 pounds quota for the year ending next Sep- tember 20. Principal shipments were 21,136, 173 pounds from Egypt and the Anglo-Egyptian Sudan and 366,090 fro om Peru, Imports of staple less than 1% inches amounted to 4,552,628 pounds of the 14,516,882 pounds annual D. ©, Niagara Hudson Nef Lags Behind 1939 During Quarter $2,419,763 Compares With $2,792,957 in Period Year Ago By the Associated Press. NEW YORK, May 9-—Niagara Hudson Power Corp. and subsidi- ares, for the three months ended March 31, today reported net income of $2419763 after charges, €qual after preferred dividend require- ments to 19 cents a common share. This compared with revised net income of $2,792,957, or 23 cents a common share, in the like 1939 period. The company, through five operat- ing units, supplies electricity to nearly every important upstate New York community and provides gas service in some cities. Chicago Grain By the Associated Press. CHICAGO, May 9.—Grain prices made new attempts to advance to- day, with corn in the lead follow- ing inauguration of a Government export subsidy program for that commodity, but the upturn was short-lived. After corn values had pushed %- % cent higher to the best levels in almost three years the market reacted due largely to profit taking. Traders reported country offerings increased on the bulge. Wheat was %-% cent higher at one stage, but these gains were wiped out and fractional losses substituted before the final bell. Favorable weather and heavy marketings at some ter- minals contributed to the weakness. Corn closed unchanged to ! lower than yeswrdny May, 66%2-33; July, 67%; wheat, 13-% off; Mn; 1.05%- %; July, 1.04%-%; oats, -1 down. Low. Close. 1.05% 1.05%- % T04% 1.04%-% 1.04%¢ 1.05% P o= oo =23 Chicaso Cash Market. Gash, wheat, No. & hard. 103y liow, 0. 2. 68~ A umple n'.uc white. "57.?’ mixed No. No. Oats, 53-66. nominal. 50, nomxn-l "No."3 Dariey, 64r No-s, 63; alt Boy beans, No. 2 yellow, To81e%,© Winnipes Prices. WINNIPEG, May 9 (@.—Grain R, Bots 9230 “ E Wheat. No. 1 Northern.” 88%: No. 2. 863%; No. 3, . Oats, No. . 38 AR gfl 83%. ats, No. 2 white, 35 Output of Red Cedar Shingles Below 1939 By the Associated Press. Production of red cedar shingles, the Census Bureau says, totaled 422,406 squares in March, compared with 400,271 in February and 482,814 n March, 1939. Shipments totaled 425113 in March, - compared with 361534 in February and 453,737 in March, 1939, Chicago Stock Market tomnlxete 0 of ;{-.nnu_ulx':rln’umgg'the Chi- nfo tock Exchange tod: STOCKE 100 Abbott Lab is the ur & co 0 100 Ashesml Mfg 100 Assoc Invest 100 Aviation Corp 450 Avia & Trans_ 50 Belden Mfg 200 Bendix Av M d 300 Midland U b 1o Miller & B ot e e S O R RS R B © BS o BB msoemiziory SESFRHEFESSTIEE T S 250 Yi T Mach 3 3 100 Zenith Rad 18% 18% 18% Stock sales today. 24,000 shares. When four horses fell over a cliff near Milford Haven, England, hay quota and included 3,231,857 pounds| and water were lowered 100 feet to from Mexico, 972,561 from Indis and | them for several days until they 298,037 from Brazil. could be rescued. THURSDAY, % | Greenfield T & D MAY 9, 1940. FINANCIA NEW YORK CURB MARKET 'vlfl'lh'lulludl.‘l’hllll. Stock and Sales— Dividend Rate. Add 0. High. Low. Close. AeroSupB.20g.. 14 6% 6% 6 Alnsworth 265 2 5% Afr Investors_ ... 1 3% AirInvestevpf.. 1 27% Ala Power pf (6) 30s 95 Allied Pro A 1.75. 258 20 20 Alum Co Am (1e) 250s 187'% 187 187% Alum Co pt 1508 114% 114% 114% Alum Industrt 100s 9% 9% Alum Ltd (3e)_.. 50s 96% Am Book (4) 30s 43% Am Box Board 1 6% Am Cynam B .| 38% Am Export 25e 1% Am Fork & H.70e 14% Am Gas & EI 1.60 36 Am Gen of (2) gg% 17% 96% 6% Am Hard Rubber. Am Laund M .80 Am Lt&Trac 1.20 Am L & T pf 1.50. Am Seal-Kap.1%¢ Am Superpower.. Arctur Rad T (r). Ark Nat Gas(A) Ark Nat G pf .60k Ark P& L pf (7). Ashland O&R .40 Assoc El Ind.241e Asso G&E (A)(r) Atl Coast Fish___ Atlas Corp witr _ Atlas Plyw .625e. Avery pf xw 1.50. Aviation & Trans Axton Fisher A _ Babcock & W.20e Baldwin Lo war. Baldw L pf 2.10. Basic Dol .125e _ Batb Iron Beau Brumm .15¢ Beech Aircraft Bellanca Aircraft Bell Afreraft _ Bell Tel Can (8) . Bickfords (.60e) . Bickfords pf 2.50. Bliss (EW) 3 Borne Scrymser. Bowman-B 2d pf Brazilian TrL&P. Breeze Corp 60g. Brewster Aero _. Bridgp't Machine Bridgp't Mch pf.. Brill (A). Brillpt _ Brillo Mfg (.80).. Brown Co pf (r). BrownF&W___. Buckeye P L (2e) B N&EP pf 1.60 Calamba Sug 1.60 5 11 LY 1 80s Carman (B) Carnation ( ©3 39% 39 39Y% Caro P&L pf ( 20s 1031 103% 103% Carrier Corp 2 9% 11 11 Carter(JW).15e.. 2 Th T T Casco Prod (le) 1 9% 9% 9% Catlin (Am) . 4 3 2%4 3 Celan pte pf ( 25s 126'% 1261 126% Celluloid 1st (2k) 60s 87% 87 87l Cent NY Pw pf b 150s 102% 101'%4 ll)ZVc Cent St E 6% pf. ;’gg' s Citie: Sur'lcl Cities Service pf. Cities Sve pf (B) Clev Elec 111 (2a) Clev Tractor Club Alum Uten. Colon Develop Col Fuel & | war Colts Pat F A (2) Comwith & 8 war 20 Com P&L 1stpf 225s Comt'y PS1.30a. 50s Compo Shoe (1) .. 1 Consol Biscuit 2 Cons G&E Bo 3.60 3 Consol Gas Util 4 Consol M&S (1a) 250s Contl Roll & Stl.. 1 Cooper-Bess = Cornucopia Gold- o | Cosden Petrolm... Creole Petr 60a Crocker-Wheeler Cuban Atl Sug Co Dayton Rub .25e Decca Rea .6 Dennison (A) Det Stl Prod .25e. Diveo Twin Trk Draper Corp (3a) Dubilier Con .07e Duro-Test Eagle Pitch Lead East'n Gas&Fuel Eastn G&F 6 ot Eastn Gas & Fuel or pf (1.126k)) 200s Eastn Stspf A._. 25s Eastn Stspt B 100s Easy W (B).125¢ i 27 2 2008 Elec Bond & Sh Elec B & S pf (5) Elec B & 8 pf (6) 11 Emp G&F 6% pf » 70s Em G&F 6% % pt 20s Emp G&F 7% pt 300s Emp G&F 8% pf. 125s Equity Corp 3 Equity cv pf (3). 225s Esquire (.60) __. 1 Fairchild Avia__. 11 Fairchild E&A 54 Fanny Farm 1.60 lflOl Fansteel Metal 14% Fla P&L pf 3.94k 175| lll% lllVg lll‘a Ford Can (B)(1). 25s 13% 13% Fox Brew (1a) .. 100s 17% 17% Fruehauf T .60e 1 2T% 2% Gen El Ltd (.67g) 113 Gen Invest pf 258 63 Gen Share pf(6h) 20s 71 Ga Power pf (6) 253 98% Gilbert pf (3.50). 30s Ul Glen Alden .125e 19 8% 8% G A&P 1stpf (1) 258 129!a 1281 128% Grt Nor Pap 50e 250s 49 4;% 43!,, 1 37% 3% 11% 1% 39 39% 1% 1% 27% 20 6 11% 10% 11% 27T% 9 37% 11% 40 1% 2% 20 Gulf Oflof Pa(1) 4 Hall Lamp (.60¢) 1 Ham'ermill .25¢ 2508 Harv'd Brew .056 6 Hazeltine (3) He rn DSpf 1.50k lOOs 8 6 1% 10% fli na Rub .75 Helena R(A)(1) Heller pf xw 1.76 Heyden Chem 2a Horn & Hard (2) Humble O11 .37 Hum’l-Re .15e. Hygrade'Syl.63%e 275- illinois-1a Power 1li-1a Power pt _ ill-1a Pwr divet. Imp Ofl Ltd .60a_ Ind Pipe L 10e __ Ind Sve 6% vf... 80s Ind 8vo 7% pf 140s 21% 21 2 Ind'apP&Lpf 6.50 180s lll!fi 111% 111% Indus Finanpt 258 14% 14% int Indust (.10g} 6 24 2% 2% Int Pa&Pwr war. 44 5% 6% 5% Int Petrol 1.50a 34 16% 15% Int Products.25e 5 5% Int Utilities (B) 2 & Int Uti] pr pf 3.560 50s 30 Int Vitamm (.30) 10 4% Interst P Del pf. 250s § Irving Air Ch (1) 4 4% Jacobs Co -. 10 34 Jones & Lau Stl. Kingston Prod... Lake Shore M.50e Lehigh Coal Leonard Ofl A& Ex LaP&Lpf (l)._ IOI 106% 106% 106% McWill'msDredg- 2 7% % 7% MajesticRadlo . 4 % % % Mass Util Assoc. 2 2% 2% 2% Master Elec 60e 100s 39 39 39 Mead John (3a) .. 50s 169 169 169 Memph NG.1Ee 2 & 8% 5% MercantileSts1e 50s 18 18 18 Mer & Mfg A .10¢ 2 4 4 4 Mich Bumber & & Mich Steel T .15¢ 50n L SR T Mid St Pet B .10e # @ Midvale Co (1e)._ 1751 119 118 119 Mid WestCorp . 13 8& 8% 8% Midwest Uil .90 1 8% Minn M & 8 .60e_ 2508 70% 70 Mo Publie Sve._. b % 5% Mock Jud V 25e._ Mplybdenum .25e Monroe L As.10s. 2 2 Mont Ward A(7) 80s 1uu.u:m l“K Mon LH&P 1.50.. 2008 21% 21% 21% Mount City C_ 4 4 Mount Prod (-“) Nat Auto(.406)... Nat Bella Hess_. Nat. L 250 Nat t 20e.... & 8% 0% e ISHSKW 5% | Nat Unton Radio. blvmndluu mon High, Low. Close. Nat Fuel Gas (1) Nat P& L pf (6) Nat Rubber Mach Navarro O11 .40 Nehi Corp'n_ Nestle Le Mur A NEPA 6% pf(3k) 26s 68% N Bng T&T 1.76¢ 105 130 130 130 New [den (.60)__ 1 14% 14% 14% N J Zinc (1e) ___ 1008 65% NY Shipb'g £d sb Niag Hudson Pw Niles-Bem-P 50¢ Nipissing M % NorAmLt&Pwr 4 14 Nor Am LAP pf 2505 93 NARayonA.60e 1 24% Nor A Rprpt (3) ' 30s 51% 51% NIPS 6% pf 1.50k 60s 109% 109% 109% NIPS 7% pf 1.76k 608 11615 116% 116% North'nStaP (A) 4 13% 13 ° 13% N West Eng(.50e) 1 19 19 19 Novadel-Ag (2) 7 38% 37 Ohio Brass B.50e. 100s 231 2315 23% Ohio Of1 pf (6) . 150s 106 105% 105% Okla Nat G pf(3) 1008 49% 49% 490% # | Okla NG ovp? 5803508 116 - 1180 110 - Oldetyme Dist... Pae Gasé %pr1.60 Pantepee Of} Parkbg R&R .25e Pennroad Pa-Cent Afrlines. Penn P&L pf (6). Penn W & P (4) Phillips Packing. Phoenix Secur _ Pierce Gov (.25e) Pioneer Gold .40 Pitney-Bowes .40 Pitts Forg (.23e) Pitis & L £ 3.50g Pitts Metal .25 Pitts P1GI (1 Premier Gold 12 Prent Hall 2.80 Producers Corp. Prudential Inv Prud Inv pf ( Pb Sve Lnd $8 P 8 Ind 87 pr ot Pub S Ok pl pf(6) PS Ok pr In p£(7) Pug 8'd Pulp .60e Pyrene (.20e) Red Bank Oil Republic Aviat'n. Richmond Rad Rome Cable .20 Roosevelt Field Root Petroleum .. Rustless (&8 .15¢ Rust [&S pf 2.50_ Ryerson H__ St Regis Paper 8t Regis Pap pf. Salt Dome Ofl.. 62 4% 4 4% 3 33% 33% 83% 5% bW B4 0% 20% 20% 10s 110% 110% 110% 1.00. GSK 5 % 3!‘ 1! 12% 12% 4 17% 1T% 15 Th 12% 56% 12% 1 II)SK 103‘/4 225; 89% 8% 18 8% 3% 508 102 102 . 100s 57 67 3508 102% 102 10s 1085 10814 10s 11314 11314 13 28% 27 6% 12% 1% 13 5634 12% 103% T 39% 6% Shattuck-D(.10« Sher-Will 1.50e _ 100s 95 Sher-Will pt (5 90s 111% Simmons H & P. 4 4% Simplicity Pat.. 2 1% Singer Mfg (6) .. 10s 134 SC Ed ot B 1.50 2 30% Southern P L 25e 1 10's South'n Un Gas 2 4 Spald (AG) 1stpf 20s 3 100s 3 30% 10% 144 10% 18% Stand C & S .60e Std C&Scvpf 1.60 Stand O11 Ky (1) Stand 011 O (1) T Stand OilOh pf 5 508 110‘/0 Stand St1 Sp .60e. 10 391 Starrett vtc Sterling Alum _ Sterling Inc (.20) Tampa Elec 2.24._ Tastyeast (A Technicolor Thew Shov Tilo Roof (. 55!) Tob & All Stks 1e Todd Shipy’'d .75e ‘Tubize Chatillon. Tung-Sol Lamp.. Udyiite «.10e) Un Gas(Can).80a Un Prem F 8 (1) Unit Arc’'t P 100 Unit Cgr- Whelan 40% 38 * 81y 2% 2915 W 14% 2% 291 United Gas war Unit Gas pf 4.50k Unit Lt&Pwr (A) Unit Lt&Pwrof. Unit Profit Shar_ Unit Sh M 2.50a Unit Sb M pf 1.50 USFoit«B) . US Lines pt U 8 Plyw'd .6 U 8 Plyw pf 1.60 Unit Wall Paper Univ Corp vte Utah Idaho Sug Utah P&L pt 2%k Vaispar Corp Valspar pf (1k) Venezuela Petrol Va Pub Serv pf.__ Waco Atreraft _. Waitt & Bond B . W Tex Ut 36 pf 6 Western Air Exp Westn Md 1st pf. 50s 55 Wichita Riv Oil.. 2 5% Wolverine Pt C__ 1 4 Wright Harg.40a 15 6% 5 5 r In pankruptey receivership or bein: reoreanized under the BaLTuDey Ack or alvidends ln"thfiorwfl:m' mf:'p o are annnal disbursements based mfl' Jist “GUarterts of - semannu) Umen otherwise noted. special lend: Ir‘l ‘:::ln included s e Declared 1 Plnbll in stock l Plld atea ‘i 2“?0 aemkm. Tear af v/ » naid or 4 Onder rile "ww nrnnu ™ ithout warrants rrants. Canada Expecfed fo Gain Economically in War By the Associated Press. F. J. Horning, economist for the | $ta Bank of Canada, told the Securities Commission yesterday that the end 10s 1 4% 1 1 1 1 50s 100% 100% 100% $ 7 7 7 55 5% 4 55 384 | 7% | Or¢ 3% Cit 20% | 1104 110% | 5% 4 Penn Oh ulsted dlv]d-nd! Baf or 12y Rail loadmgs Jump 4 16.3Per Cent Above *|Levels Year Ago 665,510-Car Total 3.3 Per Cent Ahead of Preceding Week By the Assoctated Press. The Association of American roads Teported today 665,510 cersd revenue freight were loaded durif the week ending last Saturday. i l(huu'lhlr:oul. 272940 4545 + 1 Grain 3 Prod- ; tock 1% Weste: 1 8! 3 685 A sharp Jump n ore loading! gether with good increases in conl and ieous freight were re= sponsible for the rise in total loads ings, which was of greater than sel’ sonal proportions. The Associated Press seasonal | adjusted index of loadings, based 1929-30 as 100, advanced to 70. compared with 68.6 the previoug week and 59.6 a year ago. 1937. 1934 822 " 8¢ 2.6 & 193! 3 1940. 193! ixh__ 772 e Low __ 67.8 576 Curb Bonds oo SEREeststy e 288502 -] FEFPESE [ 02 S e S50508 P 252233 LIRS B0 B RR ST Y ©'5C st st VR 4 % Py e o PERos & 1024 102% 1 2@ 83 ' 83 wn. Joas \04'/- ‘un. .m», Jg'a 10414 104% 1045 4674 41 46 DETB 111 RERIRI! s {333 2 aa FRETEFES FEFICTTRETER o ot R s opi B s 22223 R on e D3R, RN RIS DR SRR BERES RiPreE 23 BRI T PR ittt RELEEEF REEE P ] 22332330 FESS = e RESI2EZITD 2935 m 3.1 BRIRR e POy vt RBRIER e s ,, el 8 FITESE, s = Q, °?9Nnnn G LSRR SRS e B 03555835 50a SEFSTLFEFTIEEE FEETES & 5 BN R R D BO— SRR DRBIDIDBE 13 555509550 A 22VDIRIDDD OO b & SESSSERSE §5F FEEE SEPESEF § R horhoory it bt it | it 3 L R 3323008 s R0~ AR SO BT ISR R I IR, I O YOOy FETINSEERNEES eSS S " 1 % o il o 2 3020 3323 o £ Hon =282 uEoe e 322 S AT ES TSR LEEE, [Py 511121115 500D 5 DD s CEEE Rt ERPORREEEESESEE ok E AR R X Sou Soro 6 87 & FadS BEEF S ERERER PSRN CEF 131395 55D DD Wy B BB BRISD BB 151321112 3 Do &8 S s Gt nd Pw&Lt 315 Texag Elec 55 00, A% 1 08 X & L5 56 1068% 106, 1 95% adla 9334 ." 1 of the present war would find Can- | Jnit ada ‘“economically stronger than ever in her history.” Horning said that the Dominion’s role in this war would be chiefly that | ¥ of & “supplier of munitions, foods and other necessary materials.” He | Yo testified at a hearing on a proposed reorganization of International Util- % ities Carp. Horning declared that at mesent Canada did not contemplate exten- sive military participation compn-- able to that of the last war because “at the moment it is not deemed nec- | gqit essary.” Its contribution, he added, in addition to that as a supplier, will include the empire air training plan and “relatively small contin- gents overseas.” Canada enlisted 600,000 men in the last war, of whom about 450,000 served abroad. Horning -said that financial regu- lations had been imposed which would “have the broad effect of a; building a wall around Canada eco- | af; 2% nomically and bringing all external business under official purview.” He said this was done with a view to 5% | preserving the nation’s ‘“national credit unimpaired.” U. S. Gypsum Orders Regular Dividends By the Associated Press. CHICAGO, May 9.—Directors of the United States Gypsum Co. yes- i | terday declared a regular quarterly dividend of 50 cents a share on the 1 8% . 84 . 84|, Asr Mort Bk 75 44 Danish Con 55 55 er con Kua s 47 Without war- T 1ol b e M NewotiaBiy (mpalred By ‘Mabarity. New York Bank Stocks ORK. (A —National Astociation Beegritics Desters e (Quotations as of 2 o'clock.) Bk o Am m (m (2.40). gL weEumarBlaonSactaal aran (L 21F T80y lllnulu:hlrerl Ir ~ cor 190 Schick Sales Soar NEW YORK, May 9 (Special) -+ April sales of dry shavers by