Evening Star Newspaper, May 9, 1940, Page 20

. FINANCIAL. W _YORK STO 'CK_EXCH A NG E|Slels and Aralls Yo i paigyan T £ Score Advances on Stock Market By Private Wire Direct to The Star. Prev. 1040 Stock and High. Low. Dividend Rate. 70% 67 Abbott Lab (1.60a) 147 140 Abbott Lab pf 4.50_ 521 45 Acme Steel (3) % Adams Expres 46Y% Air Reduction (1a 6 Alaska Juneau .60_. % Alleghany Corp .. Prev. 1040 High. Low, Di'ld!fld mu. Mfl 00. High. lfl'. Close. thll. 91% 79 CubAmSpf (3k).. 1001 87 L § 1214 Cudahy Packing ... 15 15 26 Cuneo Press (1.60). 2% 2% Curtis Publishing. . 34 40% Curtis Pub pf (2k). 46% 10% 29 ln Dlsmct Compare ;WeII With Year Ago Insured Mortgages Sales— “Net. Add 00. High. Low. Close. chge. 4 6T% 6T%. 6Th + % 40s 141 141 141 + % 50 50 AM 00. mm Low. clon chse. (7] 534 Mead C pf(B)(5.50) 1 80% =1%| 12% 10% Socony-V. 4% Mengel Co. 2% 2 8o Am Gol * 26 21 Mengel Co 28% 13% Merch & Min Tras 12% 8% Miami Copper .20e 17 13% Mid Cont Pet (.40e) 21 121% 111 Mid St} 1st pt (8) 80s 64 47 Minn-Hon Ros (2a) 3 10s 8108 152% 152% 152% 4 1 14% 14% 14% 30% 30% 12 12% 16% 14% 8.E.Greyh'nd 1.60._ 287% Southn Cal B4 1.50a 11% Southern Pacific .. 14% Southern Railway.. 9% Curtiss- Wright 27% Curtiss-Wr(A) .50 6'% Davison Chemical.. & % 464 + 6% " 16% ~ Also Show Lively i~ Demand in Capital | By EDWARD C. STONE. Loans made by banks and other lending institutions under title I of | the Federal Housing Act are running about the same in number and amount as they did at this time last (year, the District Bankers’. Associa- i;ion reported today. Since the Federal Housing Act pmendments went into effect in July, 1939, banks and other lending |institutions located in Washington, through March 31, 1940, had granted 1,992 title I Federal Housing Admin- istration loans, amounting in the aggregate to $879,804.99. i During the same period title I {F. H. A. loans made on District of icalur.nbla property by banks and lother lending institutions not neces- iparily located in the District, num- ‘bered 1,727 and amounted to $735,- 1127.68. | From the time that title II F. H. |A. loans first went into effect, to the end of March, this year, insured mortgages accepted on District of Columbia property numbered 1,755 and amounted to $11,004,950. Cumulative figures for the whole country show that up to March 31, 552,956 insured mortgage loans had been made, for an aggregate total of $2,356,539,050. Factors Retarding Market. This week’s market letter put out by Auchincloss, Parker & Redpath, New York Stock Exchange firm with the head office in Washington, touches on reasons why the stock market does not go up and why stocks have not responded to high earnings and favorable dividends. The market letter states that stocks don't go up on what they are worth, which is a relative and un- certain matter at best, nor on what they earn and pay. Stocks move on supply-demand relationships and changes in them. A study of supply and demand factors shows why ex- pectations have been restrained, the analysis says. According to the analysis, foreign purchases of United States secur- ities have been very vital factors in recent years in both advances and declines. Foreigners are selling this year. While it has been handled very carefully and selectively, ap- pearing only on strength, yet it is there to satisfy whatever demand should come in. The review says it is harder to point to potential buyers than to potential sellers. The writer be- lieves that investment trusts have about all the investments they can carry. Buying must come largely from the general public, institutional investors, insurance companies, en- dowments, etc., and from speculators. Major uncertainties right now are preventing investors from materially’ increasing the percentage of funds employed, the review states. Bank Officers Re-Elected. Stockholders of the Anacostia Bank re-elected these directors at their annual meeting yesterday afternoon: J. F. Campbell, R. U. Cooper, Frank M. Dent, George S. King, W. L. Koontz, George S. Maier, J. R. Pyles, Ernest J. Reed, Elmer M. Smith, L. W. Thompson, Robert Thompson and Irving Yochelson. The directors organized at once by re-electing J. F. Campbell, pres- ident; W. L. Koontz, vice president and cashier; L. W. Thompson, vice president; Clark C. Smuck, W. W. Young and Allen H. Cannon, as- sistant cashiers, and George C. Gertman, attorney. It was announced that the bank had enjoyed one of the best years in its history. Deposits gained about $300,000. Institute Election Today. Members of Washington Chapter, American Institute of Banking, will elect officers for the coming admin- istrative year late today. The polls open at 3 o'clock at institute head- quarters in the American Security Building and close in the evening. Some spirited contests were fore- cast, although the head of the ticket and other top offices have only one candidate. Edward M. Blaiklock, Washington Loan & Trust Co., is expected to move into the presi- dency. One of the contests is for treas- urer, the candidate being James B. Ahalt, City Bank, and Frederick A. Daum, Bank of Commerce & Bavings. For chief consul there are also two candidates, George A.-Gallaher, Lincoln National, and Neal W. Wells, National Savings & Trust Co. Another interesting contest is for membership on the Board of Gov- ernors, seven candidates having been nominated, with four to be elected. In this contest are Herbert D. Lawson, Washington Loan & Trust 0.; Myrtle P. Lewis, Liberty Na- onal; William M. McClure, Mc- Lachlen Bank; Stephen O. Porter, Riggs National; Walton L. Sander- gon, Hemilton National; Paul J. Beltzer, American Security & Trust Co., and John E. Willson, Morris Plan Bank. The campaign has developed a lot of good-natured rivalry, and to- night's results are awaited with keen interest. Heard in Financial District. James E. Dulin, jr., chairman of the committee arranging for the District Bankers’ Association spring dinner at the Columbia Country Club, has a fine program "inder way. It was hinted today that there will be no heavy speeches. There is every indication of a capacity at- tendance. Thomas C. Boushall, president of the Morris Plan Bank of Virginia, re-elected a director in the United States Chamber of Commerce, rep- resents district 3, which includes Virginia and West Virginia, Dis- trict of Columbia, Maryland and the Carolinas. He is a former chairman of the chamber’s Public Housing Committee. Capital Transit more strength on the Washington Exchange today. After opening with sales of 25 and 10 shares at 147, the stock closed at 15 on sales of 25 and 40 share lots. ‘Washington Railway & Electric 4s appeared on the board today, a $2,000 transfer being recorded at 109, off fractionally from the last previous sale, stock displayed London Tin Prices 9 (A.—Tin steady: d, l2lfl fié‘.’ s Bams- asked. s asked; future, 12% 182 HGV: 3215 5134 231 140% 9% 8% 4% 3 2% 24y 50% 6% 154w 45% 414% 22% 1128 35% Tw 43% 11 9 100t 25% 5Tl 231 22% 27% 9% 51 7 124% 2% 5l 8% 19% 6% 8 147 521 16% 133 3634 35% 365 221 .:9 IZS‘A 3415 2214 115 28% 3 119 1215 26% 3% 114% 11% 41% 8% 36% 21% 30% 105% 102 13% 10% Allegh'v $30 pf ww 9% Alleghany pf xw ... Aliegh’y prior p? 18% Alleg-Ludlum 25e 9Y% Allen [ndust (.25e). 171 Allled Chem «6) _ 1315 Allied Mills T4 Allled Stores 32% Allis-Chalmers .50e 53 Amerada (2) 17 Am Ag Ch Del .30e. 41% Am Atrlines 46 Am Bank N pf (3).. 5% Am Bosch 38 Am Brake Shoe .30s 112 Am Can (4) = 28% Am Car & Foundry. 38% Am Car & Fdry pf.. 19% Am Chain & C .80e... 133 Am Chicle (4a) 6 Am Colortype .25e_. 6% Am Come'l Alcohol. 81% Am Crystal S pf (8) 2% Am Encaustic Tl _ 1% Am & Foreign Pwr 18 Am& F P 6% pf.60k 28% Am-Hawian §S (1) 4% Am Hide & Leather 56% Am Home Pr (2.40). 23 Am lce 24% Am Ice pt (.50e) __ 5 Am International 50% Am Inv Ill pt (2.50) 184 Am Locomotive 51% Am Loco pf (1k) __ 13 Am Mach & Fv. 80) 2% Am Mach & Metals 23% Am News Co (1.50). 3 Am Power & Light 43 Am P&LS$5pf 1.875k 51% Am P&L $6 pf 2.25k 8 Am Radiator Am Radiator pf (7) Am Rolling Mills _. Am Roll M pf (3k)_ Am Sm & Ref (1le)_ Am Sm & Ref pf (7) Am Snuff (3a) - Am Steel Fdry .50e. Am Sugar Refining. Am Sugar R pf (7). Am Tel & Tel (9) Am Tobacco (5) Am Tobacco(B)(6) x 4% Am Type Founders. 8% Am Water Works 7 Am Woolen ___ 5% Am Zinc 39 Am Zinc prpf 2. 50k 264 Anaconda (.25e) 35 Anaconda Wire&C. 19 Anchor Hoc Gl .15e. 110% Anchor H Gl pf (5).. 31'2 Arch-Dan-Mid .T0e. 51 Armour «111) 37 Armstrong C'k .50e. 10 Arnold Const .375e. Y% Assoo Dry Goods 133% 641 46 142 60 256% 18% - o - - 5 - TIOVEO T e 0100 2 14 00 13 ST IO VTNt @ ek bt D D - Sa &3 963 Assoo Invest pf (5) 270l 21% Atch Top&Santa Fe 50'% Atch T&SF pf 2.50e. 16% Atl Coast Line __ 13% Atl Gulf & W Ind. 20% Atl Refining (1) ... 8% Atlas Corp (.25e) 47 AtlasCorpof (3) , 63 Atlas Powder 1.50e 117 Atlas Powder pf(5) 1'% Auburn Auto (r) . 17 Austin Nichols. 6 Aviation Corp Baldwin Loco ct! Balt! & Ohio (r) Balti & Ohio pf (r)_ Bangor & Arstook . Bangor & Ar pf (5) Barber Asphalt .50e Barnsdall Oil .30e __ Bayuk Cigar 25e Beatrice Crea (1a) Bendix Aviat'n (1e)x Beneficlal Loan .45e Best & Co 1.60a) Beth Steel (2.25e) _.x Beth Steel pf (7) Bigelow Sanf'd(le) 19% Black & Decker .25¢ 9% Blaw Knox 1914 Boeing Airpl x rts 1% Boeing A rts May 24 21'; Bohn Alum'n (.25e) 62 Bon Ami (B) 2.50a_ 22 Bond Stores (1.60)_ 213 Borden Co (.60e) __ 21% Borg-Warner(.50e) 311 Bower Roll B (3) 6 Brewing Corp (.60). 10% Bridgeport Brass _ 19% Briggs Mfg (.50e) 38 Briggs & Strat (3). 13% Bklvn-Man Transit 1'; Bklyn & Queens 20 Bklyn Un Gas .50e 21Y% Brunswick-B (.75e) 14 4% 5% 10 38% 13% 1034 25% 265% 26% 21 34% 704 115 24% 24 12 7 1 78 50s 1201 2 1% 2 23 4 1 173 . 1 125% 2 24 1 20% 6 9% 83 223 178 84 2 28% 67 28 8% 1015 Bucyrus-Erfe Bucyrus-E of (7) .- 4% Budd Mfg Budd Wheel Bullard Co (.25e) Burlington M (1) Burr’'s Add M 20e__ Bush Terminal _. Butler Bros (.15e) .. % Butler Bros pf 1.50_ 31 Butte Cooper __.. Byers (A M) Co. 13% Byron Jackson (1). 21% Calif Packing .25e_. 114 Callahan Zinc 612 Calumet & Hec .50e. 13% Campbell Wy .650. 16'; Canada Dry 4% Canadian Pacific 5 Capital Admin (A 23 Carpenter Steel 50e 214 Carriers & Gen 05e. 66 Case (J 1) Co 47% Caterpillar Trac(2) 26% Celanese Corp .60a 107% Celanese pr pf (7) 97 Celotex Corp 21% Cent Aguirre (1.60) 2% Central Foundry 1111 Cent [11 L pf (4.50). 6% Central Vio Sugar . 35! Cerro de Pasco (2e) 614 Certain-teed 274 Certain-teed pf __. 18% Chain Belt (.50e) 21 Champ Pap & FF .15e Champ P&F pf (6) - 270l‘115‘« 4 24'6 4 2% 10s 113 4 10% 4 37 4 S% 2008 31% 1 21% 6 291 4% 41 Chesapeake Corp (r 42% 38% Ches & Ohio (2.50) LS % Chi M St P&P pt(r). % % Chi & Northw'n (r). 1% 5 Chi & Norwn pf (r). 11% 8! Chi Yellow Cab (1) 6% 4% Childs Co 208 106 9. 4% 913 4% 43% 41y 45% 20 2% 5% 5 263% Tha 32% 110% 10% 8% 4% 18% 79% Chrysler Corp 2.50e 2% City Stores 35'% Clev Graphite(.40e) 347 Climax Molyb 1.20_. 357 Cluett Peab (.60e) 15Y% Colgate-Pal-P (.60) 17 Colo Fuel & (ron.. 4% Colo & So 1st pt. 3% Colo & So 2d pt 23 Columb B C(A) .90 223 Colunib B C (B).90e 5% Columb G & El 20e 86 Col GRE of (A)(6). 72 Col G & E pf (5) 41 Comcl Credit (4) 47% Comel [nv Tr (4) 13 Comel Solvents 30% Comwith Ed (1.80)_ 1 Comwith & South'n. 62% Comwith & 8 pf (3). 5 Conde Nast Pub __." 21% Congoleum (.50e).. 8 Congress Clgar..... 25% Consol Atrcraft. 75 Consol Cigar (.16e). 86 Consol C pr pf 6.50... 30% Consol Edison (2). x 107 Consol Edis pf (5) . 81 Consol Film pf .25k 7 Consol O1] +.80) 31 Consolidation Coal 14% Container Corp .50e 12%4 Cont1 Baking (A) 86 Contl Baking pf (8) 1 41% Contl Can (1e) & 12113 Contl Can pf (4.50) 8% 6% Contl Diamond .25e x 38 Cont Insur 1.60a)_ 3 Cont! Motor 22% Contl Ofl (.26 25 Contl Steel 25e 15% Copperweld St .40e. 52% Copperweld pf 2.60_ 58% Corn Products (3) .. 4% Coty Ine (.25e) _ % Coty International. 194 Crane Co 28 Cream of Wheat(2). 6 .Crosley Corp 27 Crown Cork & Seal. 371% Cr'n C&S pf sw 2.26 15 Crown Zellerb'k le_ 89 Crown Zeller pf (5) 34 8414 Crucible Steel ._._. 78% Crucible Steel pf.... 6% Cuban Am Bugar... } 31% 8109 109 109 o+ 9% 9% 52 % 1 4% 7 18% 7 12% 2 89% 9 45% 1116 Shonvara - oab® Y 114 T 4% 18% 12% 891 45 116 8% 40% 3% 23% 30% 13 + 111 16% 25% 11% 180% 15% 81 33% 5T 17% 73% 48 A 41% P S R R T AT Li+¥41 09 % A 1++1 1 ++ { 555 4 {2 g o o A O ] FELF EFPSFEEFFEEF ¥ 9% + © eslssrserssre revsrss FEFEFFES B 3 EEE FFIEF SEFFNFEIIEE PEFEEFF FEER FFEEFFL 19% Deere & Co 25% Deere & Co pf(1. 40) 16 Deisel-Wem-G 3760 16% Del & Hudson . 4% Del Lack & Wn ' 118% Detroit Edison (3e) 18 Devoe & Ray A 26e 33% Diam'd Match 1:60 x 38‘» Diamond M pf 1.50_ T% Di T Motor 1814 Distill-Seagr (2) . 34% Dixie Vor(A)(2.50). 16% Doehler Die C.25e_. 17% Dome Mines (2) 4% 75 Douglas Afr (3g)_.. 171 142 Dow Chemical (3)... 30 14% Dresser Mfg _ 10 5% Dunhill Internat 120 115 Duplan Silk pf (8).. 189% 175 Du Pont (1.76e) .. 118% 114% Duquesne 1st pf(5). 441 26% Eastern Air L xrts 2% 1% Eastn Air rtsMay24 64 4% Eastn Roll Mills 156'”. 145’ Eastman Kodak (6) 27% Eaton Mfg (1.50e)_. % Bitington Schild 34% Elec Auto Lite 75e. 125 Electric Boat 60g_. 1% Electric & Music .. 47 Elec Pwr & Light 2215 Elec Pwr & Lt $6 pt 26% Klec Pwr & Lt $7 pt 2814 Elec Stor Bat (2) 347 EI Paso Nat G (2) .. 8 Eng Pub Service 80 Eng Pub Svec pf 5.50 # Equit Office Bldg_.. 1% Erie RR (r) . 2 Erie RR 1st pf (1) 3% Eureka Vacuum Cl. 8!4 Evans Products 201y Ex-Cell-O (.40e)_ 341, Fairb’ks Morse(la) x 25 Fajardo Sugar (1e) 96 Fed Lt& Trpf (6).. 3% Fed Motor Truck _. % Fed Water Svo (A) 217 Federat Dep St .75 80s 5 1‘« 4 18% 1% 8% 313 43% First Natl Strs 2.50. 18 Flintkote (1g) caly 32 Florence Stove .60e. 231 Florsheim (A)(2)_. 163 Foster Wheeler __ 317 Freeport Sulph 9). 1% Gabriel (A) 2% Gair (Robert) 4% Gar Wood Indust__. 6% Gen Am Invest _. 51 Gen Am Tra 2.3768. 6% Gen Baking (.15e)_. 11% 6% Gen Cable = 2914 18% Gen Cable (A). 197 17': Gen Cigar 25e 114‘7 113% Gen Cigar pr (7 36 Gen Electric (.3 49‘. 45'% Gen Foods (2) 118% 116 Gen Foods pf (4.50) S % Gen Gas & El (A) .. 101 86's Gen Mills (4a) ____ 130%: 126 Gen Mills pf (5) _ . 563 51 Gen Motors (1.75e). 127% 12315 Gen Motors pf (5).. T4 4% Gen Outdoor Adv _. 58% 387': Gen Out Ad(A) 2k.. 10 81 Gen Print [nk 10e 110 108'% Gen Print Ink pf(6) 19% 15% Gen Rwy Signal _. !> Gen Realty & Util 27% Gen Refractor 25e. 14'; Gen Shoe (1.20) . 24 Gen Steel Cast pf 197 Gen Telephone 1.20 173 Gen Tire & R 50e 57 Gillette Saf R (.60) 44 Gilllette S Rof (5) .. 7 Gimbel Bros - 16% Glidden Co 212 Gobel (Adolf) 16% Goodrich (BF) 20% @oodyear T&R .75e. 91!z Goodyear of (5) %, Graham-Paige % Granby Consol .50e. 9% Grand Uniom x ct! 13 GraniteCity§ . __ 23% Grant (W T)pf(1).. 2214 Great North'n pf __ 121 Grt Nor O ctfs .76e_ 30% Green (HL) ((2a)._. 14% Greyhound (1) 5 11 Greyhound pf (.55). 22Y% Grumman Aircraft. 2 Guantanamo Sugar 16 Hall (WF) Prtg (1) 16 Hamilton W (.25e) 23Y% Harb-Walker (.50e)x 7% Hat Corp (A) 314 Hayes Mfg Corp . 9% Hecker Prod (.60) _ 107% Helme (G W) (5a) . 14 Hercules Mot 25e _ 8715 Hercules Powd 60e 16% Hinde & Dauch .25e 30% Holland Furn .50 5% Hollander (A) 12'% Holly Sugar 52 Homestake (4.50)__ 11% Houd Her (B) .250_ 67 Household Fin (4a) 513 Houston Ofl 19% Hudson Bay (1e) % Hudson & Manhat._. 3 Hudsou & Man pf__. 5% Hudson Motor_._._ # Hupp Motor 9% [llinois Central __.. 80% Inland Steel (2e)__. 11% Inspiration Copper 37 Interchemical(.80e) 11’4 108 Interchem pf (6) 5 37% Intercontl Rubber._. 12% 8% Interlake Iron - 2% 1% Intl Agricultural 38 324 Intl Agricul prpt 191% 174 Intl Bus Mach (6a 62% 53% Int)l Harvester 1 60_ 5% 3% Intl Hvdro-El (A) 14% 8% Intl Mercantile Ma._ 4 5% Intl Mining (.20e) . 38% 28Y% Intl Nickel Can (2). 133 127'¢ Intl Nickel pf (7) _ 21% 10% Intl Paper & Power 'l’i 50% Intl Pap&P pf 1.25e¢ 3% Intl Ry Cent Am __ 3 Intl Tel & Teleg Intl T & T for'n cfs. 384 25% 21% 38% 214 bl 6% T8 57% 8% 287 18% 35% 17% 12 256% 3% 20% 17 284 9% 4% 11% 110 21% 100, 18% 35% [ Tk 161 7% Interstate Dept Str. Island Crk Coal (2). Johns-Manville Kalamazoo Stov .50. Kans City Sou pf _ Kaufman Dept .25e. Kelsey-tlayes (A) .. Kelsey-Hayes (B) Kendall Co pf (6 Kennecott Cop .2! Keystone Steel .25 Kimherly-Clark (1) Kinney (GR) $5 pf_ Kresge (SS) 12 4 Kroger Groc (2) ___x 10 Lambert (.76e) _. Lee Rub & T ( 76e). Leh Valley Coal 4 Leh V. y Coal pf. Leh Valley RR (r) Lehman Corp (.40e) % Lerner Stores (2) 4844 Libbey-Ow-F (le)_ 6% Libby McN & Lib _. 41% Life Savers (1.60) .. 109'% 105 Lizg & Myers(B)4a 180 171 Lige & Myers pf(7) 24% Lima Locomotive.__ 11% Lion Uil Ret (1) 15% Liquid Carbonic.60e 27% Lockheed Airc_.._. 33% Loew's Ino (3)... 18% Loft Ine —emteme 42% Lone Star Cmt (3).. 2% Long Bell (A) 167 Loose-Wiles .76e___ 23% Lorillard (.30e) 16% Louis G&E (A) 1.60 54% Louis & Nash 1.25e. 32'% MacAnd&Ford (2a) 23% Mack Trucks 27% Macy (RH) Co (le) x 2% Manat) Sugar 14% Man Ry mod gtd(r) 14% Man Ry m gtd ct(r) 28 Man Ry gtd et(r) .. 1 Maracaibo Oil E 4% Marine MidI'd(.20e) 3% Market St Ry pr pf. 13 Marshall Field 40.. 85! Martin (Glen) ... 7% Martin.Parry 31% Masonite Corp (1a). 25'% Mathieson Alk 1.50. 50 May Dept Sgrs (3).. 98 Maytag 1st pf (6)_. 147% McCrory 8trs (1) ... 22% MoGraw Eleo (1) .. 37 Molntyre Poro (2a). 9% McKeesport Tin ... 6 McKesson & Rob... 25% McKesson& R pf_. 7% McLellan Strs .40e_.. 0 S 59,6100 <3 1 k1= 3 1 00119 55 00 3 ek ok o 14 00 03 SN0 1 4 S 1 D - » =3 Y1 1663 28% % 9 116 116 187% 187% 118 117% 42% 41% g% 2% 5 158 158 35% 344 W 39% 391 1% 16% W% 1% by b 304 34 LEFFHI VI LY +1 + ++ + + +1 T e 3% Minn-Moline imp 12 37% Minneap-Moline pf_ &' Mission Corp (.668) % Mo-Kan-Texas .. 2% Mo-Kan-Tex pt. & Mo Pacific (r) . % Mo Pacific pt (r) . % 16 Mohawk Carpet 250 1 119 104 Monsanto Ch (2) 118 116'% Monsanto C pf 4.50 x 20s 45 Montg Ward 2.250 . 91 dfl% 26% Morris & Es (3.875) 2508 16 10% Motor Products . 18% 15% Motor Whee) (1.60) 26% 21% Mueller Bruss - 89 30 Mullins Mfgpf ___. 15% 83 SFEEFF FFER 2 3 6 108 10 Munsingwear .26e.. 67% Murphy (GC) (4)... 5% Murray Corp ... 5% Nash-Kelvinator... 13! Natl Acme (.50g) 11% Natl Aviation. 22% Natl Biscuit(.80e 18% Nat’l Bond & S.30e. 13t Natl Cash Reg (1) _. 10% Natl Cyl Gas (.20e). 16'% Natl Dairy « 80) 11612 110 Natl Dairy pf A(7)- 114 109% Natl Dairy pf B(7T). 26 23 Natl Instillers (2). 12% 9% Natl Gypsum 22'z 19% Natl Lead « 60) 148'2 140 Natl Lead pf(B)(6) 8% Ti Natl Pwr & Lt .60 _ 73% 634 Natl Steel (.50e 9% 7% Natl Supply 14% 12 Natl Supply $2 pf__ 43% 39 Natl Supply 6.60 pf. 43's 40'% Natl Supply 6% pf - 75% 67 Newmont Min (le)_ 14% 11 Newport Indus = 50 41 N Y Air Brake (le). 187 14% N Y Central 21% 15 N Y Chi & St Lou 39 29% NYChi&StLopt _. 3312 31 N Y COmnibus (3). 12% 6% N ¥ Dockpt _____ 2 #NYNH&BDL (r). 26% 13% N Y Shipbilding . 121 92 N Y Shipbg pf,1.75k. 28'; Noblitt-Sparks .60e. lli‘a 110'; Norfolk & W pf (4). 26% 20's Nor Am Aviation .. 23% 20% Nor Am Co (1.20) 58 55 No Am 5%% pf 2.876 9% T'2 Northern Pacifle .. 5% 3% Norwalk Tire 8% 6!z Ohlo Ofl (.20e) _ 23% 18! Oliver Farm Equip. 14% 13 Omnibus Corp 1.20_. 18% 15% Otis Elevator .35e.. 915 Otis Steel 26'; Outb’'d M & M .80 54 Outlet Co (3a) 119 Outlet Co pf (7) 59': Owens-I11 Gl (1e 5 Pac Am Fisherie: 5'3 Pacific Coast 1612 Pac Coast 1st pt.. 814 Pac Coast 2d pf_ 10s 31% Pac Gas & Elec (2). 13 1304 Pac Tel & Teleg (T) 60s 4% Pac Tin Consol .20e 674 Pac Western O .40g. 34 Packard Motor .. 15% Pan-Am Airwavs 6% Pan-Am Petroleum. Panhandle - Paraffine (.75¢) Paramount Pie Param't 2d pt « 60). Park Utah M .10e__. Parke Davix (.80e)_ Parker Rust (1a)__ Pathe Film Penney (JC) (. 75.) Penn-Dixte Cement Penn-Dixfe Cem pf_ 4 Penn Rallroad (1g) Peoples Drug(new) Peoples GLt&C(1e) % Pere Marquette pf_ Pere Marqprpf _. Petrol Corp (.T0g) . Pfeiffer Brew (1) ._. Phelps Dodge .50e_. Phila& RC &1 (r). Philip Morris (3a)_ Phillips Petrol (2). Phoenix Hosfery.__ Pierce Oil ot = Pilisbury F1 (1.60)_ Plrelli (4%75e) Pitts Coke & Iron Pittsbgh Screw .15e Pitts Steel prpf . Pitts & W Va Plymouth Ofl 1.40 _ Poor & Co (B) Port R Am To A(r) Port R Am To B(r) Pressed Steel Car Pressed Stl C 1st pf Pressed St C 22 pt Proctor & Gam (2a) Proctor & G pf (5) Pub Sve (NJ) 6de Pub Sve(NJ)pf(5) Pub Sve(NJ)pf(6) Pub Sve(NJ)pf(8)._ Pullman (.25e) ___ Pure Oil Pure Ol of (5) _. Purity Bak (.25e) .. Radio Corp (.20e) .. Radio C ev pf(3.50). Radio-Keith-Ur (r). Rayonter Ine - Rayonier pf (lk)__. Reading Co (1) Reming Rand (.40e) Reo Motor vteé ctfs_ Republic Steel _ Rep Stl cv pf 7.50k. Rep Steel pf A (6) .. Revere Copper Revere Copper (A) Revere Cop 5%% pf Reynolds Metals Reynolds Spring Reyn Tob (B) (le) . Richfield O11 «.50g) 9% Roan Antelope 668 18'a Ryberotd (1.10g) 44Y% Safeway Strs 76e . 3 lllla 104 Safeway S pf (5) 120s 36% St Joseph Lead (1) 3 19% Savage Arms (.50e)x 15 11% Schenley Distillers. 1 17 10s 10s llfl‘a ll"‘ 4313 39% 115t 110% 128 124 165 160% 321 23% 11% 84 89 77 15% 131 % 5% 69 60% 1% 41 15% 27 14% 8 1% 18%¢ 9 65 114 224 45% 9% 612 39% 6% 25% Southern Rwy pf .. 1% Sparks Withington. 26% 2% 41 8% Splej Sperry Corp (2g) 29 Spicer Mfg (1e)___. 50% Spicer Mfg pt A (3) 43% 34% 567 Ine (.30e)._. 118 117% 117% Th 108;2 103% Stand Br'ds pf 4.50. 18% 117% 46Y% 26% 111 109% 109'% 24% 24% 974 20% 143% 9% 20% 142% 8 65% 8% 13% 42% 43% 674 11% 46% 15% 1814 32% 32 10% % 25% 119 32 1121 22% 22% 56% 8ty 3% 814 204 13% 15% 10 28% 54 17 6015 9% 6% 1% 9% 23 119 & * 42 6 35 15 FH e+t EEFHET FFEEFIFIEE 133, +10+0 124, FFEFEE FF 16 387 35 135 2%, 2 United Corp % 5 39% 2% 29 » 11715 114% 48% 43 3114 26% Victor Chem (.30e) 15 5y 214 T 23% 36% 16% 6% 29’k Square D Co (.30e). Stand Brands .20e _ 3% Stand G&E $4 pt __ 101 Stand G&E $6 pr pf. 134 Stand G&B $7 pr pt. 22 Stand Ofl of Cal (1). 25 Stand Oil Ind (1)_.. 40 StandOIINJ (1a).. 76% Sterl'g Prod 3.80a... 9 Studebaker _ 56% Sun Ofl (1a) .. 9% Sunshine Min 1. 20% Superheater (.| 50) 1% Superior Ofl ... 18 Superior Steel_ 27% Sutherl'd Pap 1.20_. 22 Swift & Co (1.20)._. 2% Switt Intl (2) T4 Syming-Gould ww. 5% Syming-Gould xw... 5 Talcott (J) .20e. 42% Texas Corp (2) 3! Tex Gulf Prod(.1 32% Tex Gulf Sul (2) . T'% Tex Pac C&O (.40). x 5 Tex Pac Ld Tr .10g. 10% Texas & Pac Rwy.__ 11% Thatcher Mfg (1)__ 49% Thatcher pf (3.60) 3% Thermotd _ 26% Thermoid pf (.’ 'ISX). 2% Third Avenue 4 Thompson (J R 27% Thomp Prod(.75e) - 1!s 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 Afr 2% Pri-Continental - RO HANONRD A~ o) ® - =8 RoabfnorEfvmnnana EETE T 2% Twin City Rap Tl‘ 9% Twin Coach % Ulen & Co (r) . 36 Underw-Ell-F .50s . 117% Un Bag & Pap .15e). 8% Unlon Carb (1.10e)._ 15 Union Oil1(Cal).50e_ 93 Union Pacific () 84 Union Pac pf (4) 22% Un Tank Car (1.80). 43'% Unit Aircraft 1.50e_ 14% Unit Air Lines - 111% Unit Biscuit pf (7). oo SnanHRa s 34 " 86% United Corp pf (3)_. United Drug 412 United Dyewood 32% Unit Eng & Fy (le). 85% 75 United Fruit (4) 11% United Gas tmp (1) 117% 112 Unit Gas Imp pt (5) 10% Unit Mer & Mfg .500 4% United Paperboard. 8% U S Freight (.25¢ 80 U S Gypsum (2) 21 U S Indus Alcohol .. 9% U 8 Leather (A) 332 U S Pipe & Fdry (2) % U S Realty & Im(r) 28% U S Rubber 92 U S Rub 1st pf (2e) 59 USSm& Ref (2e) 53% U S Steel (1e) 4115 U S Steel pt (7) 35 U 8 Tobacco (1.28) 1% Unit Stockyards 13 Unit Stores (A) 13% Univ-Cyclops S .20e . 13 Vadsco Sales a 28% Vanadium Van Raalte 1st (7) Vick Chemical (2a) Va Iron Coal&C pf Virginian R pf 1.50 Vulcan Detin 4.50e ‘Vulcan Detin pf (7) Wabash pf (A)(r) 6‘4 Waldort System .60 Walgreen (1:60)__ Walker (H) (4) Walker (H) pf (1)_. Walworth Co . Ward Baking (A)._ Ward Baking (B)_. Ward Baking pf . Warner Bros Pict_ Warren Bros (r) _ Waukesha Mot (1) Wesson 011 & Snow Wesson O&S pf (4) 31% 89 l35 West Penn E pf (7) Y% W Va Pulp & P .15¢ 24%, + o+t st ais SFEE Jump in War Orders Is Predicted; Many Groups Neglected Stock Averages l) 15 Indust. Ra Net change +.1 +-.5u e 'ufl ‘Today, close 71.3 188 Prev.-day.. 712 186 Month ago. 72.7 194 Year ago._. 652 1940 high.. 742 1940 low... 699 1939 high.. 77.0 1939 low... 588 60-Stock Range Since 1927: 1937-38, 1932-36. 1927-29. 5.3 728 1577 169 618 (Complled by the Assoclated Press.) Why [ S I FENE +++ SRR EEE & Be 163 PLri++ ++1 17% W VaP&Ppf (6)_ West'n Auto S (2)_. West'n Union Tel .. Westh'se A B 50e _ Westhse Elec 1.75e Welthle El pf(3.50. n El [nst aco (1.40) .__ Westvaco pf (1.50). 1&L E pf 5.60_ Wheeling Steel White Motor . _ White Rock __ White Sewing Mch_ White S M pr pf (2) Wilcox Oil & G 10e Willys-Overland __ Willys-Overl'd pf__ Wilson & Co Wilson&Co pf (3k) Woodward Iron ._ Woolworth (2.40) _ Worthington Pump Worth Pump pr pf Worth P ev pr pf Wright Aero (2g) . Wrigley (3a) = 21% Yale & Towne (.60) Yellow Truck Yellow Tr'k pf (7). Young Spg & Wire Ygstwn Sh & T .25e Ygstwn Stl D .25e +iE T+ Fas 33y 21y 234 111t 1291 35t 384% 38 9T 31 121 9y 65 23% 2% 3 P4+ % & I NGRS W E EFFEFEER 5% 64 6315 26% 39% 24% 41 534 121 91 224% 17% 119% 12y 434 21 ++ - FE + % +3 =1 - % 1% + % 120 +2% 124 + % 43% + % 21% + % 221 FRE W E 1+1++1 72 Schenley pt (5.50)_. % Seaboard Afr L «r)_ % Seaboard A L pf (r) 17% Seaboard Oil (1) _. 80% Sears Roebuck (3).x 11 12 Servel Inec (1) - 50 Sharp & D pf (3.50) 11 1 11 I+ SR 14% Zenith Radio (1e)._. 1:00 P.ML - 4% 2 Zonite Products __. Approximate Sales of Stocks on thi N. Y. Stock Exchange. 100 A.M. -- 170,000 12:00 Noon . . 530,000 2:00 P.M Total Sales for the day. $Jait of trading 10 enares Oankruptcy or receivership or Act. or securities :nnmtd by mfih 15% 3 850,000 15% 3% + % 410,000 + 650,000 being reorganised under combanies + 28% +2 % 14% = 4 36% Sheaffer Pen (2a)_ 108% 105 Shell Un O pt (5.560) 24 20 SimmonsCo 22% 181 Skelly O] (.25e) \ 208 e 5 5 24% 19% Snider Pkg . _ Allied Kid Volume Above 1939 Levels Special Dispatch to The Star. NEW YORK, May 9.—Allied Kid Co. reports sales of $659,747 for April, an increase of 9 per cent from the $603,314 reported for the same month last year. Physical volume for the month was 2,972,699 feet, a slight increase over the figure for April, 1939, For the first 10 months of the present fiscal year, which began July 1, 1939, sales have totaled $7,- 634,679, an increase of 12 per cent from the total of $6,766,176 in the corresponding previous period. Physical volume for the 10 months Jjust ended was 35,379,192 feet, a gain of about 9 per cent from the total of 32,487,872 feet in the 10 months ended April 30, 1939. Interstate Department Store Sales Decline By the Associated Press. NEW YORK, May 9.—Interstate Department Stores, Inc., reported today April sales totaled $1,993863, against $2,050,276 in the same month last year, a decrease of 2.7 per cent. Sales for March, which included Easter, ran 72 per cent ahead of March, 1939. The company’s store chain is located in Middle Atlantic | States, the Midwest, New- England and South. 1106 20% 23 2215 o 1127 112§} Sloss-Sh pf (6)cald 580; légn l;gfi 112H burseme 22 + 3% <toek Ites Bliviasng 1 the foresoins tabi Mon Unless o!h""nhn B dflmmull"d dl dlndl Dlid l far this year ’lbln in chk ¥ hteumuinted gividends dis- qua\ ly or nl—lllfl“ll d!flll‘.- oted SDediaT or atra dividends ea aoh P £ Pata lagt 2 Daia or Bituminous Output Up Slightly in Week The National Coal Association, from incomplete car loading reports from the railroads, estimates bitumi- nous coal production in the United States for the week ended May 4 as approximately 7,930,000 net tons. Production for the corresponding | coms week: 1939—2,753,000 tons; 1938—4,- 673,000 tons. Percentage of increase: 1939, 188.0 per cent; 1938, 69.7 per cent. ‘The report of the Bituminous Coal Division of the Department of uu Interior shows production of 17,330,« 000 for the week ended April 20, and 7,840,000 for the week ended April 27, 1940. Production calendar year to May 4: 1940—157,265,000 tons (subject to revision); corresponding period, Dividends Announced ORK. May 90.—Dividends de- clI.rtd Pr!plred by Fitch Publishing Co.: Initial. tock of Pa: e. riod. record, Eversharp Inc 5% i 2566 645 Stock. Newmont Mining 100% ._ __ S! 00 $1.50 Q 40 fd -$150 Q 2 1939—177,702,000 tons; increase, 33.6 | g, NEV, Y per cent. U. S. Treasury Notes NEW YORK, May 9 (P).—Prices 'quoted | points. Jower d thirty- Bid. ‘Asked. vield. 100.4 ittt it SRes: St luctuated i’é '"m':o':"fe i v v A o Taws ant . afternoon the world lnet ranged lower 'to 1% ‘hisher: Juiy. 148%; Heotems s omestic futures were unchaneed to, 2 summuer. 157 g suine; rnh.%:: g.ruhtud a cluo of lt 2.80 cents. By VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, May 9.—The stock market whetted its appetite on steels and airerafts again today, but barely nibbled at many leaders in other greups. Issues of companies with war= profits potentialities continued to res spond to the belief of trade:s that, as soon as the British cabinet row is settled, the allies will intensify the conflict with the Nazis and, con- sequently, come to America with more widespread orders tor military materials. In the minds. of speculative con- tingents also was the likelihood that Washington would put on a big ree armament drive which could stimu« late numerous industries. The inti- mation by Mussolini in his speech today that Italy would remain “on the fence” for the time being, so far as belligerency was concerned, was deemed a favorable market factor. Gains for selected stocks ran to 2 points or so at the best, although top marks were reduced at the close. Lively intervals were interspersed with slow-downs, but transfers ex- ceeded 800,000 shares. Prominent performers on the up- side were United States Steel, Beth- lehem, Vanadium, Douglas Aircraft, Curtiss-Wright, Wright Aeronauti= cal, Lockheed, American Airlines, United States Rubber, Chrysler and Great Northern. Modest advances were posted for Santa Fe, New York Central, Amer- ican Telephone, American Rolling Mills and International Harvester. Inclined to lag were American Can, Union Carbide, United States Gyp- sum, General Electric, Texas Corp. and General Motors. \Washington Produce score. tubs. 30%: 1-pound ound prints. 31%; 92 score. Y-pound prints. 2! 1-pound prints, TOCK - Calves, 10: spring lam! pa20;140 Bound . 3. sows 8 40—4 90 40'»’35‘2 prices paid net f.ob. w-shm:wn' 4 prices £ = Market about steady: paid for FederallState graded received from grading stations (May 9): Whites, U. S extras. large. 21-2 8. extras, mediums. ards. faree. 181015 U & standards. medmms. 16-18; U. 8. l?d 14-17; browns. for_nearby ungr; eggs. current receipts. whites. 161 higher; mixed colors. 15'2; few hilh!r Live poultry—Market dull fowl, cole hr!fl lll sxlz‘e(‘ 17; No. 12-13; Lege - roosters. »lO chickens, Rocks hrollers (and tryers, all few hens. 12-14: No. hemm'a 3 ‘sv N 8-10; old, toms. 10; hens: 15 . Tow hishar, Foreign Exchunge NEW YORK. May 9 (# —The British pound. tooes. climeed 'a little out of the depths reached onits violent fall Quring the last few da: ‘An’ carly recovery of more than a cent in terms of the dollar indicated some gen= eral support, although traders pointed ot that sterling was still dominated by uncertainties incident to the British gove ernment_crisis. e French frane firmed for a small Accompanying the rally in the pound. Swiss franc also moved up a little, While the Belgian belga retreated around 10 of a cent to a new low. The Canacian dolier was prominent in the recovery swing, with a eain of around !z ce Late rates follow, (Great Britain in dol- lars, others in cents. gair, The Canada. trol Board rates for j Buving, 10 per cent leauivalent "to. discounts Canadian dol- lars In New York of. Duving, 9.91 per eent: 1iing. 9.09 per een lan dollar ldn N"t.“"k open mar- iscoun smes cents. SRS Eurobe. Great Britain, d d. 3.333 3.4 60-day bmse.m.:l?il’ £l Fance. T ah: 6.50): Greece. 835 ‘Netheriand! Sweden 33 Adn Bwitan: 'n 2] - TAng. 32491 Tugoeiovia, 5 s Switser cables. lay bills, entina. offcial. 20.77; official, 6.05: free. 22.65; anl free, 5.10: llexflat%. Far East. 23.48: Hong Kong. 20.80; Shang- n spot cnblel unless otherwise in- n—Nominal Japan. hai, 4 Ra te dicated. Commodlty Prices —The NEW 2y Press wel(hud 'holeule nrlce‘lfl"g::'kodt 35_commodities today declined to Previous day. 73.82; month ago, Taoa: yeu High 6378 63 (1020 average equals 100) I”Addltlonll re" ank nunu u compiled Future “"fiu’i" lower; sales. 000 pounc Sepiember. 4,80 Masch 3 ss: i -Futures cl 27! highe: 2. e 10;1. l l 000 o.egl ?mn. No_sales in xl.nc mi » WOOL -Futu; 2 points higher: I(lv. %g"d }:};‘.fl nged Ocn r.Mflb t.nnd-rdmu. X o s No. Bfl bfi’"m d “D" futures close llle& 5 600 bags; ' o .l" Mlv uul (nn\ u f.h hl B hllher IIIEI. 250 ba s 3 3 ot o'l‘in,u., 3.95n; J\xll lowe: May, 5. A7n' J\Il’- LX Dll‘l; 2 Bitures No. 1 closed 3 %!_qle:. “};ig)lhl:c,lm bad? 1sCRODE RUBBER' Rutires closed 1, to eontruu .lel. nl = Y 2 1: M(mhr‘%fi £l h!(her HIDES—Putures clos lower Baies, 5.080:000 pound finds. " Sune, Septem| 13! December, ¥ 'Olflrl lisht l!ll-"l New York Bar Silver 'NEW YORK, May 9 (P).—Bar afl- ver, 343, unchanged, 4 ies {