Evening Star Newspaper, May 10, 1940, Page 20

FINANCIAL. TRANSACTION hmmmumm Capml Store- Sales ‘4.8 Per Cent Above 1939 in April ‘Four Months’ Volume Shows Increase of 6.4 Per Cent By EDWARD C. STONE. ent store sales in Wash- ington in April averaged 4.8 per cent above April, 1939, and sales in the first. four months of 1940 were 6.4 per cent better than in the like period last year, the Federal Re- serve Bank of Richmond announced today. - _Sales in the whole fifth district in B2 stores averaged 2.3 per cent bet- ter than last year and were up 6.7 per cent in the four month period. Norfolk reported the best April gain ©f any city in the territory. On account of all Easter sales coming in March this year, a fairer comparison is presented in the ‘combined sales for March and Apirl 11. Sales in the Capital in the two months were 4.2 per cent ahead of the corresponding months last year. April trade varied a lot in different cities but in the four . months, good sales gains were re- ported everywhere. Percentage comparison in fifth district cities in April and in the four months with the 1939 periods; tollow. Jan,, April + 70 + 99 +108 Baltimore, Md. Charleston, S. C.. Charleston, W. Va. Output Up 10 Per Cent. w Printed copies of the North Amer- {tcan Co.’s quarterly letter just re- jiceived here show that electric out- ‘put in the first ‘quarter was up #10 per cent and #otal revenues hwere up nearly ‘9 cent. L PPerresldent E.L. “Bhea states that the fcompanies the North Amer- {per cent more felectricity to fconsumers than ithe national ‘average. Edward L. Shea. For the 12 months ended March bl total revenues increased 6% per ent over the same period a year go and operating costs increased MY, per cent. Electric output for is period was up 11 per cent. ‘The three ]argest operatimg items, . Shea says, are pay roll, taxes and fuel, in that.order. Taxes were up 11 per cent, taking $20,200,000, 16 cents out of every dollar cf venue, equal to $2.36 per share on the common stock. Fuel expendi- tures were up because of poor water konditions, which required more use of steam plants. : His letter also states that later this year a 50,000-kilowatt addition to one of the Potomac Electric Power plants in Washington will be 4n operation. Peoples Drug Votes Extra. Directors of Peoples Drug Stores, Inc, have declared the regulas quarterly dividend of 25 cents a share on the common stock and an extra dividend of 25 cents per share on the same stock, payable July 1 to stockholders of record June 8. ‘The dividend is of particular in- terest in view of the recent action taken by Peoples Drug directors when they split up the common stock and gave two shares for ane. On the Washington Stock Exchange today $21 a share was bid for the stock, with none offered. Twenty shares of Washington Gas Light common stock sold on the Washington exchange today at 27. Prev. High. Low. 2% 45 9 2T% 19% 584 7 1% 14% 12% 26% 182 171 Allied Chem «6).... 16% 1940 Stock and Dividend Rate. Acme Steel (3) ... 7% Adams Express... 21 Adams-Millts fl)... 16% Addressog'ph L40... 45% Air Keduction (1a) 6 Alaska Juneau .60.. % Alleghany Corp .. 10% Allegh'y 330 of ww. 9% Allaghany ot sw . 18% Alleg-Ludlum 38e. 13% Allled Mills _ T Allled Stores 4 63% Allted Stores pf(5) 32% Allis-Chalmers .50e 13% Alpha Pors.Cmt.50e 1% Amalg Leather 14% Amaig Leather pf._. 53 Amerada (2) 17 Am Ag Ch Del 30s_ 41% Am Afrlines .____ 9% Am Bank Note..... 5% Am Bosch 133 130% Am Br Shoe pf 6. 25 116% 112 Am Can «4) . 176% 169% Am Can pf (7) 324 23% Am Car & Foundry. 51% 38% Am Car & Fdry p! 23% 19% Am Chain & C .80 140% 133 Am Chicte (4a) 10% Am Crystal Sugar.. 2% Am Encaustie Tl 1% Am & Foreign Pwr 18 Am& F P 6% pf.60k 21% Am& F P 1% pf.70k 4% Amé& Forn P 2d pf_ 28% Am-Hawia'n 88 (1) 4% Am Hide & Leather 33% Am Hide & L pf (3). 56% Am Home Pr (2.40). 2% Am Ice —— 24% Am lce pf (.60e) . 5 Am International 50% Am Inv Ill pf (2.50) 18% Am Locomotive . 51% Am Loco pf (1k) .__ 13 Am Mach & Fv. 80) 2% Am Mach & Metals. 21% Am Metals (1le) - 23% Am News Co (1.50). 3 Am Power & Light 43 Am P&L35pf 1.876k 51% Am P&L $6 of 2.25k 7% Am Radtator . 13% Am Rolling Mills _. 64% Am Roll M pf (3k) . 11% Am Satety Ras 1.20 9% Am Seating 1.60g) . 62’ 4 2 25 3 4 12 IM IM% 18 15 7 3 2 1 8 2 12 18 8% 10s 130 6 114% 1 173% 122 33% 2 29% Am Ship Bullding . 1508 46 Am Sm & Ref (le)_ 147 142 Am 8m & Ret pf (7) 33% 14% 1% 23% 93 18 25% Am Steel Fdry .50e. 12 Am Stores « 25e 15 Am Stove (.50e) 18% Am Sugar Refining. 81 Am Sugar R pt (7). 14% Am Sumat Tob (1). 175% 167% Am Tel & Tel (9) ._. 8914 913 5% 85 Am Tobacco (6} 86% Am Tobacco(B)(5). 4% Am Type Founders. 8% Am Water Works . 95 Am W W st pf (6). 7 Am Woolen Am Woolen pf (3k). Am Zinc Anaconda t.250) Anaconda Wire & C. Anchor Hoc Gl .15e. Andes Copper 2! Arch-Dan-Mid .70 1104 106!= Armour: Del)pf(7)_ 3% 644 43% 11 93 9 5% Armour «lll) 46% Armour «11) or of 37 Armstrong C'k .50e. 10 Arnold Const 375e. 74 Artloom Corp Assoc Drv Goods Assoc D G 2d 11.50k 18 1 33% 2 109% 126 7 10 58% 6 384 3 9 6 7 9 T 2 76 Assoc Invest pf (5) 4%0s 96% 21'% Atch TopkSanta Fe 50'% Atch T&SF pf 2 60e 16% Atl Coast Line - 133 AtlGulf & W Ind._. 201z Atl Refining (1) 8% Atlas Corp (.25e) . 47 AtlasCorpot ¢3) .. 63 Atlas Powder 1.50e. 6 Atlas Tack 1% Austin Nichols 6 Aviation Corp Baldwin Loco ctfs.. Balt1 & Ohto (r) . Balit] & Ohio pf (r). Bangor & Ar pf (5) Barber Asphalt .50e Barker Bros i 4% 5% 384 13% 6% 10% 25% 26% 1124 109% Beatr Cr pf ww (5) . 105 36% 104% Beatrice C pf xw(5) Belding-Hem (.40e) Bendix Aviat'n (le) eficial Loan 450 Rext & Co 1.608) Beth Steel (2.25e) . Beth Steel pf 17) Rigelow Sanf'd(le) Rlack & Decker 25¢ Blaw Knox Bliss & |.aug (.25¢) Roetnz Airplane 1% Boeing A rts May 24 Bohn Alum'n (.25e) Bon Ami (B) 2.50a_ Bond Stores (1.60)_ Borden Co (.60e) " Borg-Warner(.50e). Bower Rotl B (3) . Brewing Corp (.60). 10% Bridgeport Brass 19% Bristol-Mve: Bklvn & Queens Bklyn Un Gas .5 Brunswick-B (.75¢) Bucyrus-Erie_.._. 47 21% 4 53% 36 16% 2 19 49 26% 828 19% 35" t% 60s ll% l N% 15 H‘fi 6 34y 9 33y 1112 1 104% 5 9% 179 36% 17 22 4 344 432 89% 6 125% 1 23% 2 27 1 152 275 6 108 11 24 27 5 12 66 7 11 5 24% l'l!l‘ Hlk -2 % =~ % 8 =¥ 2 -1% 324 -1 " 2 2 16% + % 4% —3% 17% 69 -du 10 =y 8% — % 130 -1 1z -2 1784 -1% 20% =1% 48% =14 21% - % M0 -4 ™ -% =y - % -1 -2 27'« 12% 15 20% 875 - l' Congr eas Clgar 5% OQHI Rwy &Lt Df-- XWI m 31l 254 Consol Atreraft . 16 'Iue-u-lunu.flo) Conasol T Cop M .18e_. 32% 304 Consol Bdison (3).. nm 107 Consol Edis ot (5).. Consol Fi| ries.. 7 Consol O1l (.80) . 1% Consol RR Cubas pf. 3% Consolidation Coal. 104 .100% Consum Pw pf ¢.50_ 19% 14% Container Corp .508 15% 12% Conti Baking (A) .. 1% 1 Contl Baking (B) 97% 86 Contl Baking pf (8) 49% 41y Contl Can (1e) - 116% 113 . Contl Can pf (4.50). 6% Contl Diamond .25e. 88 Conti Insur 1.60a).. 3 Contl Motor . 22% Contl O1) (.35 - 25 Contl Steal 250 15% Copperweld Stl .40e. 52% Copperweld pf 2.50. 52% Corn Exchange (3). % 581 Corn Products (3).. 4% Coty Ino (.25e) ___. % Coty Internation 194 Crane Co 'n C&S pf ww 2.25 'r'n C&S of ‘b' 2.36 79 CubAmSopf (3x).. 124 Cudahy Packing .. 26 Cuneo Press (1.50)_ 2% Curtis Publishing _ 40% Curtis Pub pf (2k)- 9% Curtins- Wright 27% Curtiss-Wr (A) le 53 - Cushman $8 pf.____ 18% Cutler-Hamm'r .26e 4% Davega Store IBL % Dayton P&L nl 4. so & Co & Co pf(1.40) 3 1-Wem-G 3760 23% 16% Del & Hudson __. 5% 4% Del Lack & Wn 125% 118% Detrott Edison (3e) 18 Devoe & Ray A 25e 13% 381% Diamond M pf 1.50 104 7% Diam T Motor ___. 20 1814 Diatill-Seagr (2) . 85% 76 Distil-Seagr pf (5). 14% 11% Dixle-Vortex .25e _ 38 34% Dixie Vor(A)(2.50) 24% 16% Doehler Die C.25e .. 287 16% Dome Mines (2) _. 94% 75 Douglas Air (3g) ._. 171 142 Dow Chemieal (3).. 30 14% Dresser Mfg 10 5% Dunhill Internatl__. 13% 12% Duplan 8ilk (1) ... 189% 1756 Du Pont (1.75e) __. 126 122 Du Pont pf (4.50) .. 44% 2614 Eantern Air Lines 2% 1% Eastn Alr rtsMay24 6% 4l Eastn Roll Mills 166% 145'x Fastman Kodak (6) 178 168% Eastm Kodak pf (6) 37 27% Eaton Mfg (1.50e 17% 15% Fdison Bros 8 «1)._. 1% Eitington Schild 41% 34% Elec Auto Lite .75 18% 12% Eiectric Boat 60g.. 1% Electric & Music .. 47 Elec Pwr & Light 221 Elec Pwr & Lit $6 pf 26% Elec Pwr & Lt $7 pt 28% Fleo Stor Bat (2) .. 1 Elk Horn Coal 34% E| Paso Nat G (3)_. 42 Endicott-John (3).. R Eng Pub Service 72'% Eng Pub Sve pf (5) 80 Eng Pub Sve pf 5.50 # Equit Office Bldg__.. 1% Erie RR (r) — 1% Erte RR 2d pf (1) .. 3% Eureka Vacuum Cl. 814 Evans Product; 20% Ex-Cell-O (.400 4% Fairbanks Co pt. 34} Fairb’ks Horl.l'lll 25 Fajardo Sugar (le) 15 Fed Lt & Trac (le) 96 Fed Lt & Tr pt (6) 3% Fed Motor Truck 2174 Federat Dep St .75 85% Federat'd DS p! 16 Ferro Enamel 37% Fidelity Phoe 1.60a. 21% 18 Firestone Tire 50e._ ms 104 Firestonept (§) . 43% First Nati Strs 2.50. 174 Flintkote (1g) = 32 Florence Stove .50e. 23'4 Florsheim (A)(2) _ 2% Follansbee Bro (r). 27 . Food Mach (.25e) .. 16% Foster Wheeler ... 37 Francisco Sugar _. 31% Freeport Sulph (1). 2% Gair (Robert) __ 20 121 Gair (Robert) pf_.. 18% 13 Gamewell Co .75e.. 105% 101 Gannett Co pf (6)._.. 6% 4% Gar Wood Indust _ 14% 11 Gaylord Cont (.10e) 7% 6% Gen Am Invest 8% 38% 145 131% Gen Baking pf 3% 11% 2% Gen Bronze 6% Gen Cable Net. mgo‘mm Clase. chse. " 2B 1% MY - % 88 90 ©98 93 -y 8 8 - % 78 314 30% 30% -1 8 108% 108 108 - -1 1 % % % b 4% 4% ) 1 108% 1084 103% 42 18% 17 17 =14 85 11% lfl'h 0% -lli 15 1w 1 8 89 !! 88 -l% 16 45% 44U 4% - % 116% 116% = % % % - % 39% ~1 1900 10 O 1t OIS 1 10 4 NS O -21 -1 +u -2 - % -2 17 1% + % 1033 1031 6 4% 9 2882 o 6% 6% 132 182 + % 3 3 6% 64 — % 21 21 + % N U -4 8% 3 -1 rmmom uu. 2% 2% W Rats. 8% Interiake Iron 3 1% Inti Agricuitural 834 Intl Harvester 1. 171 157% Intl Harvest pf (7). 144% 7 38% 81 Lnti Hydro-El (A).. 8% Intl Mercanttle Ma. 5% Intl Mining (.30e) .. 28% int) Nickel Can (3). m 127% Intl Nickel pf (7) - 7% 10% Intl Paper & Power lD'i Intl Pap&P of 1.25e 50 Intl RyCA pf 3.26k_ 314 Intl 8hoe (1.60) .. 97% Intl Silver pt (2k).. 3 intl Tel & Toleg . 3 IntiIT&Tfornefs. 7% Interstate Dept Str 821 Interstats DS pf(7) 24% Island Crk Coal 2) 13% Jarvis (WB)(.375e) 45% Jewel Tea (2.40) 67 Johns-Manville 182 123% Johns-Manv pf (7) 109‘6 105 234% 133 56% Jones & Lau pf (1k) 13 Kalamasoo Stov .50 fi% Kansas City S8ou K-l!h-AI-O L 3.50k ol 33% Kennecott Cop .2. 13% Keystone Steel 25e 35 Kimberly-Clark (1) 25% Kinney (GR) $6 pf_ 3% Kresge Dept Strs _. 24% Kresge (88) 1.20a._. 256 Kress «8 H) (1.60).. 28% Kroger Groe (3).... 15% Lambert (.760) % Leh Valley Coal 2% Leh Valley Coal 2% Leh Vi 21 Lehma: 12% Lehn & Fink .3 26% Lerner Store: 48% Libbey-Ow-F (le).. 6% Libbv McN & Lib _. 41% Life Sav (1.60} .. Lizg & Myers(B)éa LAly Tulip Cup 1 20 24% Lima Locomotive Link-Bejt (1) of (1) Liquid Carbonic.50e Lockheed Afre .. Loew's Inc (2) 18% Loft ino Lone Star Cmt (3)_. Long Bell (A) _. * 167% Loose-Wiles .75e. 23% Lorillard (.30e) 16% Louin GAE 1A) 1.50 54'; Louis & Nash 1.25e. 32% MacAnd&Forb (2a MacAnd&F pf (6) . Mack Trucks Macy (RH) Co (1e) Madis Sq Gar .60e _ Manat Sugar 14% Man Ry m gtd etr) 14% Manhat Shirt (1) ... 1 Maracaibo O11 . 4% Marine MidlI'd(.20e) 37 Market 8t Ry pr pf. 13 Marshall Field 40.. 35'% Martin (Glen) T4 31! Masonite Corp ( 25'% Mathieson Alk 1 50 May Dept Strs nl) 31 Maytag Co 98 Maytag 1st pf (6) __ 14% MeCall Corp (1.40). 14% McCrory Strs (1) ... 22% McGraw Elec (1) _. 37 Mecintyre Pore (2a) 9% McKeesport Tin _ 6 McKesson & Rob _. 25'% McKesson & Rof.. 7% McLellan Strs .40e. 91 Mead Corp - 64 Mead Corp pt (6) _. 53% Mead C pf(B)(5.50) Melville 8hoe (2)... Mengel Co - Mengel Co 6% pf 3 Merch & Min Trans Mesta Mach (1e) % Miami Copper .20e 23% 27% 1% 23 Minn-Hon Ros (h) %« Minn-Moitae imp Minneap-Moli: s Mission Corp ( Mo-Kan-Texas Mo-Kan-Tex pf Mo Pacific of (r) Mohawk Carpet .25¢ Monsanto Cb (2) Monsanto C of 4. Montg Ward 2.25¢ Morris & Es (3.875) Motor Products Motor Whee! (1.60) Mueller Bross ... Mullins Mfg (B) __ Munsingwear 25e.. Murphy (GC) (4) .. Murray Corp % Naxh-Kelvinatot Natl Acme (.50g) .. Natl Aviation _. 22% Natl Biscuit(.80e) .. 170% 165 Natl Biscuit pf (7). 19 16% 13% 18% 16 Natl Bond & Inv(1) 13% Nat) Carn Reg (1) 10 Natl Cy! Gas (.20e) 16% Natl Dairy ¢ 80) . 116% 110 Natl Dairy pf A(7). 114 109Y% Natl Dairy pf B(7). 614 26% 5% Natl Dept Stores _. 23 Natl Distille: 12% 9% Natl Gypsum 22% 19% Natl Lead (.60) . 173% 165 Natl Lead pf(A) NB‘/: 140 Natl Lead pf(B)(6) 21% Natl Malleable 6314 Natl Steel (.608)___ 7% Nat! Supply !'6 8% W. fl.l. ll'l ll% IN 10% N8 1% 1% 15 85% l 162 ll:;: 160% —2% 129 19 118 “71% 66% 67% -3% IOI 49 CM 48% -lh a3 33 I% % 85 27 13% 48% Y% 68 125% 126% ~1% 63 . 63% — W l!% 13% 18% 6% 6% — W . mu 108 128 ?fi PRS- PP, -% 5% —1% 8% —1 34% - % 13% - % 43 -1y 29 =i 3% ~ % 4% - % 28 , 30% -34% 15% 24% 22% 21% 21% 113% 118% 1 1 =% 3% 3% - % 2% = % 23 - % 18% = % 21 - % 48 -1% % % 40% —3% 107% ~1% 2l - 28% -1% - aana = YTt -1 1 Prev. 1 AUy 1684 1uo Stock % PittsC & ir f (5)._. ” 1% + Wl 175/ 111 Pm.l Ft W vi (1)..A -% lo 6% P 9 'l“l O.l e 28 Pitts Steel pf (B)_. 12 Pitts& W Va. 22% 20% Plymouth O111.40.. 2% % 14% 1% 484% usu 186 lll% 42 % 4 3% 109 % Port R Am To A(r). 3 Port R Am To B(r). 11% Pressed Steel Car.. 65% Proctor & Gam (3a) 39% Pub 8ve (NJ) 6be.. 110% Pub Sve(NJ)pf(5). 124 PubB8ve(NJ)pf(6). 160% Pub 8vo(NJ)pf(8). 28% Puliman (.26e) . 81 Pure Ofl 86 Pure Oll pf ( 7% Pure Of) of (6) .. 13% Purity Baking .50e_ Radio-Keita-0r (r). 19% Raybest-Man 35e__ 156% Rayonter Inc - 27 Rayonier pf (1k).. 14% Reading Co (1) ... 20% Reading 2d pf (2).. 3% Real Silk Hose . 40 Real Silk H pf (2k). 10 Reis&Colstpf __. 6% Reliable Btores ___ 8% Reming Rand (.40e) 1% Reo Motor vte ctfs. 18% Republie Steel - 79% Rep Sti cv pf 7.50k 39% Reyn Tob (B) (le). 6% Richfield O11 (.60g). 18% Ruberold (1.10g) . % Rutland RR pf (r)._. 44% Safeway Strs .75e_. 104 Safeway 8 pf () 36% St Joseph Lead (1). % St L-San Frpf (r).. 2 8t L-Southwn (r) 19% Savage Arms (.50e) 11% Schentey Distillers. 72 S8chenley pt (5.50)_. 4% Schulte RS pt «r)_. 106 Scott Paper pf (4)._. Y% Seaboard Air L «r). 17% Seaboard 01l (1) 1% Seagrave Corp 12% shuon Steel 4% Sharp & Dohm 6% Shattuck (FG)(. 36% Sheaffer Pen 2.25e . 10% Shell Un Oll (.608) 10!% 105 Shell Un O pt (5.50) 61y 24 23 120 112% 114% 18% 11% 245 121 23 29% 108% 2% T 181 5% Silver King (.10e) 20 Simmons Co 184 Ske! 105 Slos . 112§§ Sloss-Sh pf (6)cald 111 Sloss-Sheff pf (6) __ 15 Bmith (A O) 9 Smith & Coro .50. 19% Snider Pkg 10% Socony-Vac 2%e _. 2 SoAm Gold (.10e).. 22% 8o Porto Sug (1) .. 14! 8.E.Greyh'nd 1.0 _ 28% Southn Cal E4 1.60a 11% Bouthern Pacific . 144 Southern Ratlway .. 25% Southern Rwy pf 35% Southn Ry M&O(4). 1% Sparks Withington Spencer Kell (1.60) Sperry Corp (2g) 29 Spleer Mg (1 50% Spicer Mfg pf A 8% Spiegel, inc (.30e) _ 103% Sund Brds pf 4.60. 1 Stand Gas & Klec. ... 3% Stand G&E $4 pt 10}5 Stand G&E $6 pr pt 131 Stand G&E $7 pr pt 22 Suand Ul of Cal (1) 25 Stand Uil ind 41). 40 StandOUNJ (1a) 28% Starrett (LS)".50e.. 6% Sterl'g Prod 3.80a. T4 Stewart-Warner 5 Stokely Brother: 9% Stone & Webster. 9 Studebaker 56% Sun U1l (1a) _ 9% Sunshine Min 20% Superneater (.60)_— 1% Superior U1l 13% Superior Steel __ 27% Sutheri'd Pap 1. 0. - 6's Sweets of America._. 22 Bwift& Co (1.20) . 27% Swift 1nt1 12) - 74 Syming-Gould ww_. 5% Syming-Gould xw_. 3415 Talcott(J)pf 2.76_ 5% ‘I'ennessee Corp ... 42% Texus LCorp 12) 313 Tex Gulf Prod(.10e) 32% Tex Giuif Bul (2) 7% Tex Pac C&O (.40)_ 5 - Tex Pao La Tr.10g. 10% Thatcher M{g (1) 34 The Fair pt. 3% Thermoid 26% Thermotd pt (.75k 2% Third Avenue .. 4 Thompson (J R). 5% K ,27% Thomp Prod(.75e) _ 1% Thompson-Starrett. 15 Thompson-Star pf_. 10 Tide Wat As O .40e_ 893 Tide W A O pt 4.50. 20% Timken-Det Ax (1) 46% Timken R Brg 1.25¢ FINANCIAL. Nl % 10s 176 176 176, +1 3 % 6% 7 9 408 24 ‘Pitts $teel prof __. 270s 19% 16 Pitte Steel 5% ptf... ::M 2 126% 126% 126% = % 501 10 32 n 17% 14% 9% 31%% A 40 3115 116 161 22% 10% 96 88 13% 6% 67 1 21 161 161 24 5 29% 123 841y 4 106Y% 106Y% 6 % & 112§ 1128 114% 113% 3 164 8% 22% 103 aoman ,alneo “MMM 78 15 Excepl for Few War Issues Extreme Declines of $1 To More Than $5 Cut Before Close Stock Averages Indust. Rajh 9. ol Netchange 251" 14 Today, close 60.5 *17.7 *38.0 *485 Prev. day.. 713 188 Month ago. 724 19.1 Year ago.. 648 18.1 1940 high__ 742 205 1940 low.__ 699 1939 high_. 770 1939 low... 5838 60-Stock Range Since 1927: 1937-38. 1932-38. 1927-29. High ... 753 728 157 61.8 . 337 169 * New lows. (Compiled by the Associated Press.) By VICTOR EUBANK, Atsociated Press Pinancial Writer. NEW YORK, May 10—With the exception of a few war stocks, prices crumbled in today’s market as Wall Street attempted unsuccessfully to figure the effects on domestic in- dustry of German'’s surprising over- night smash at the neutral Low Countries of Europe. It was one of the speediest ses- sions since the outbreak of hostili- ties last September, with the ticker tape occasionally as much as five minutes late. Losses ranged from 1 to more than 5 points at the worst, although recoveries were in evidence here and there at the close. Transfers were in the neigh- borhood of 2,000,000 shares, despite slowdowns after midday. Steels, aircrafts, coppersand sug- ars bounded up at the start, while rubbers, rails, utilities, oils and a variety of peace-time specialties sank rapidly. The early climbers were subsequently thrown for de- clines, but several managed to revive at the last and finish with modest plus signs. The stock exchange had its largest attendance of members since last fall, with crowds swarming around the steel posts throughout. In the morning frequent bursts of cheering accompanied jumps of a point or so in favorites, Scattered groans were heard when quotations began to give ground. Pmminent stocks on the relapse were United States Rubber com- mon and preferred, Chrysler, Gen- eral Motors, Sears Roebuck, Wool- worth, Douglas Aircraft, American Airlines, United Aircraft, Westing house, Standard Oil of New Jersey, Western Union, Consolidated Edie son, Santa Fe, Great Northern, Southern Railway, Loft, Interna- tional Paper, Allied Chemical and Eastman Kodak. Resistance was exhibited by United States Steel, Bethlehem, Republic Steel, Boeing, Anaconda, Phelps Dodge, South Puerto Rico Sunr. Fajardo Suger and Baldwin Loco motive. Net of Bendix Aviation Corp. Up Sharply By the Associated Press. CHICAGO, May 10.—Bendix Avia- tion Corp. and subsidiaries reported today for the quarter ended March 31, 1940, nel income of $1933,880, {equal to 92 cents a share on the | capital stock and comparing with $1,023996, or 49 cents a share, in the like 1939 quarter. Washington Exchange SALES-AFTER CALL. Washington Gas Light common—20 at 27. BONDS PUBLIC UTILITY. Bid. Anacostl, & Pot 58 1040 An & 2 o 6! 1 1102% 10 Blm 'l'rlulon hl Bl 1947 100% City & s Geo: 'n Pot Pow Washington Gas 54 1060 Budd Mfg Budd Mfg pf. Budd Wheel 49% 45% Gen Foods (2) 46 46% —2% 118% 116 Gen F'oods pf (4.50) 12 Natl Supply $3 pt__ 7% 117% + % & 314 Natl Tea 95, Natomas (.80) 67 Newmont Min (1e). 11 Newport indus > 41 N Y Alr Brake (1e). 14% N Y Central - 15 N Y Chi & St Louts. 39 294ANYChM&StLDSf _ 33% 31 N Y COmnibus ). 116% 110 N Y & Harlem () .- 56 52% N Y Lack & Wn (5). ]2:: Wash Rwy & Elec 45 1951 8% 10% 5% 14% 50 18% 21% 5% Transamerica (.60) 12% Transcont! & W Atr 7 Transue & Will .15¢ 2% Tri-Continental _ 77% Tri-Contl pt (6) 4% Truax Traer C.25e. 8 30th Century Fox . 20 20th Cen F pf 1.50_. 2% Twin City Rap Tr. 9% Twin Coach - % Ulen & Co (ry Rosenberg Entertains Staff. M. D. Rosenberg, president of the Bank of Commerce and Savings, entertained the officers, directors and members of the operating staff at Congressional Country Club Wed- nesday evening. Mr. Rosenberg, who has been president of the bank since its inception, called attention to the 23% Bulova Watch (2a). 18 Burlington M (1)__. 10 Burr's AdA M 20e_. 3% Bush Terminal ... 6%, Butler Bros (.15e) .. 20% Butler Bros pf 1.50. 3% Butte Cooper 11 Byers (A M) Co WA = % 16% —2% 29% -3% 4 31% 31 31 -1 110 110 110 b52% 652% 62% - Y4 1274 123% Gen Motors pf (5)-. 7% 4% Gen Outdoor Adv _. 15% Gen Rwy Signal _. steady growth in deposits and the earning record of the bank, as well 13% Byron Jackson ay: 21% Calif Packing .25e. 1> Gen Realty & Utfl__ 16% Gen Realty & U pf_. S WNYNH&H(). 26% 18% N Y Shipbilding ®o% L 1 25% 22% 23 -2% 86 Underw-El-F(le) 1% Un Bag & Pap .16e) 1% Callahan Zine 27% Gen Rafrastor 38e. 22614 208 Norfolk & Wn (10)_ 225 222 222 —3% | 88% 78% Union Tarb (1.10e). as the expansion of loans in recent months. Several officers and direce tors made brief addresses. The bank’s main office is located at Seventh and E streets N.W., and a branch at North Capitol and H streets. The bank was organized in 1807 and in addition to Mr. Rosen- berg, Joseph Sanders, A. S. Gatley and Dr. C. A. Weaver are directors who constituted a part of the orig- inal board. Other directors are os?h H. Milans, Vernon G. Owen, E. Chewning, J. E. Colliflower, Frank Owings, William L. Bush, Thomas J. Groom, George M. Quirk and A. E. Giegengack. The other officers are Thomas J. Groom, executive vice president and cashier; Joseph Sanders, vice presi- dent; Joseph H. Milans, secretary; Oliver B. Exline and Francis E. Robey, assistant cashiers; H. R. Sharpe, assistant secretary; Harold W. Denison, auditor; Thomas J. Norris, manager of the H street branch, and George L. C. Scheirer, assistant branch manager. Loan Firm 39 Years Old. 32% 3% 118% 111 5612 351 30% 21 6% Calumet & Hec .50« 37% Cnnnon Mills (.50e) ital Admin (A). Adm pf A (3) 23 Carpenter Steel 6 Carriers & Gen 0be. Case (J 1)Co pf(7)._ AT% 26% x Corp 62 Celotex Corp vf(l). 21% Cent Aguirre (1.80) 25, Central Foundry .. 6% Central Vio Sugar.. 351 Cerro de Pasco (2¢) 6'% Certain-tesd 27% Certain-teed of 18% Chain Belt (.50e) Champ Papa . 106 102 Champ P&F pf (). 29% 4% 42% 156 Checker CadbCo .. 4% Chesapeake Corp (r 38% Ches & Ohio ¢3.60)_ 1% Chi Grt West pf (r) %HCh MStP&P(r).. # Chi & Northw'n (r). 3 Chi & Norwn pf (7). 10% Chi Pneu Tool = 81 Chi Yellow Cab (1) 11% Chickasha Cot Ofl_.. 2 2 3 50s 117% 20 50% 33% 118 1 oy 6T% 243 2% 11% 3% Y% 30% 21% 11 28% 108 105% 4 22 3 3 117% 117% 49, 49 31% 117% 14% Gen Shoe (1.20) .. 24 Gen Steel Cast pf _ 19% Gen Telephone 1.20. 11% Gen Thea Equ .20e.. 17% Gen Tire & R .50 5% Gillette Saf R (.60). 44 Gillette S R ot (5).. 7 Gimbel Bros.. 16% Glidden Co 2% Gobel (Adolf) ... 21 Goebel Brew (.20)_. 16% Goodrich (BF) 63% Goodrich(BF)pf(5) 20% Goodyear T&R .75e. 91% Goodysar of (5) 3 Gotham Silk Hos % Graham-Paige 27 Great Wn Sug (2).. 112 133% Great Wn 8 pf (7). 35%’ 30% Green (HL) ((3a)_. 17% 14% Greyhound (1) _. 12 11 Greyhound pf (.65). 25% 22% Grumman Aircraft. 2 Guantanamo Sugar. 20 GuantanamoSof _. 14% Gulf Mob & Nor pf_ 30% Hacken Water 1.50_ 34% Hagk Wat pt (1.75). 18% 11% 22% 3 28 113% 110% Norfolk & W pf (4). 26% - 88 North'n 20% Nor Am Aviation... 20% Nor Am Co (1.20) 55 No Am %% pf 2.875 56 No Am Co 6% pf (3) ntral (4) 7% Northern Pacific 33% Northwest Tel (3) 3% Norwalk Tire 6% Ohio Oil (.20e) 18% Oliver Farm Equ! 13 Omnibus Corp 1. 914 Otis Stee) 59% Owens-I11 Gl (1e 5% Pac Am fisherte: 5% Pacifio Coast 16% Pac Coast 1stpf .. 11 Paoc Finance (1.30). 31% Pac Gas & Elec (3). 42Y% Pao Lighting (3) 139 130 Pac Tel & Teleg (1) 154 150 PacTel & Tel pf (6) % 8% 4% 26% 1 45% 8% 84 4% Pac Tin Consol .20e 6% Pac Western O .40g 7 Paramount Ple 85 Paramount 1at ( 112 112 112 & % 22% 23% — % 21% 21% -1% 56% 56% — % 57% 5T% + % 89% 89% — % % % -1 34% 34% -1% 3% 3% - % Th = % 204 18 - 4% - % 16% - % Ul - % % = W 58 -24% 8% -1 56% 13 15% 44 4 131 130% 150% 150% 6% & 34 llfi% 112% Union El(Mo)pf(5) 17% 15 Union Ofl(Cal).60e_ 98 89% 28% 53% m 93 Union Pacific (§) ... 84 Union Pacof (4) 22% Un Tank Car (1.80). 43% Unit Aircraft 1.50e 14% Unit Air Lines 15% United Biscuit .50e_ ll' 111% Unit Biscuit pf (7). 6554 19% 2% 42 % 6 5% 35 86% 16 13% T 10% Th 28 % 12% 38" 1% 54% Unit Carbon (3) 17% Unit-Carr-Fast .30e 2 United Corp 36% United Corp bt (3)- 5 United Drug - 4% United Dyewood ... 4% Unit Electric Coal . 32% Unit Eng & Fy (le). 75 United Fruit «4) 11% United Gas imp (1) 10% Unit Mer & MIg 500 4% United Paperboard 7% U 8 Distributing pf. 5% U 8 & For'n Secur.. 21 USBS indus Alcohol. 5% U 8 Leather — 9% U 8 Leather (A).._ 33% U 8 Pipe & Fdry (2) % U S Realty & im(r) 4 Rubber 9 Rub 1st pf (!). USSm & Ref (2¢) .. % USSm & R of 3.60. 115% 115% 4 15% 15 94 89% 83 83 29% 28% 52 49% 21% 19% 5 16% 16% 111% 111% 1 60 60 24 2W El com (§36)_ R’&HMG(M e Columbia (k.30) _ Real Estate (m6) ne « 00) 4 -- 18 - ividend. “ugfll‘el,!]rjloodsu fil 1939, Il'b .. & dwd & com (82. Wdwd & Mll otd . (7) K'200 extra. aid l!ph?:berl 2'1‘;. LY LT 8 us us uUs s The Northwestern Building & us Loan Association, organized May 12, 1901, will be 39 years old Sunday, Secretary-Treasurer Howard 8. Gott announced today. He added that new loan applications totaling near- ly $1,000,000 are now on file and during April new subscribers in- vested $127,287 with the association. ‘The average home loan, he said, is approximately $2,700. The officers include E. V. Critten- den, president; W. S. Dewhirst, vice president; R. L. Houston Jones, ex- ecutive vice president; Mr. Gott, secretary-treasurer; R. H. Gibson, assistant secretary, and William K. Copenhaver, attorney. ‘The company’s main office is in the Colorado Building and a branch 1s located in Takoma Park. New York Bar Silver NEW- YORK, May 10 (P—Bar silver, 34%, unchanged. " 20, 4% Childs Co 79% Chrysler Corp 2.50e 174 12% City 1ce & Fuel 30e 93 City I&F pf (6.50)_. 50- 2% City Stores - 2 28 Clark Equip 1.26e__ 3 35 Clev Graphjtec.40e) 1 34% Climazx Molyb 1.20... 4 % 3857% Cluett Peab (.508)_. 33 142 136 Cluett Peab pf (7).. 20s 141 181 118 Coca-Cola (.75e) __ 3128 60% Coca-Cola (A) (3)_. 1 604 15% Colgate-Pal-P (.50) 51 15% 28 Collins & Alk (2.25e 3 30% 17 Colo Fuel & iron 35 2: % 16 Hall (WF) Prtg (1) H rb-Walker (.50e) tCorp tA) - 4% a % Hayes Mfg Corp . 113% 105 Haszel-Atlas Gl (5). 11% 9% Hecker Prod 1.60)... 21% 14 Hercules Mot .: 100% 87% Heroules Powd 6 nw. 180% Hercules P of (8) 16% Hinde & Dauch .25e. lflfi T%h ' 5% 16% 60% 52 68% 53% Steel (19) ... 124% 115 U 8 Steel pt (7) 48% 43% U B Tobacco pf 1.76. 2% 1% Unit Stockyards 7% 6% Unit Stkyds pt .70 . 2% 1% Unit Stores (A) 16 13% Univ-Cyclops 112 67 Univ Pictur 19 16% Vadsco Sales pf.__. 41% 28% Vanadium 39% 32 Van Raalte (le) 117% 114% Van Raalte 1st (7). 49% 43 Vick Chemical (2a) 31% 26% Victor Chem (.80e). 31% 26% Va-Caro Chem pt . 15% 5% Va Iron Coal&C pf. 42% Virginian Ry .625e 31% Virginian R of 1.50 89 Vulean Detin ¢.60e. 1 Wabash pf (A)(r) 6% Waldort System .60 20% Walgresn (1.60)._. 29 Walker (H) (4).... 5% Walworth Co 7% Ward Bakxing ;'A)-- 0 45% Warner Bros Pio pf 1!0- “ 1% Warrea Bros (v) Aeier modiod o R i “(Continusd oo Page A-31). ). t B0c :xs‘:-oa extrs nw Jnnum 1940, vflat’o rmeles Trans.__. New York Sugur "‘a NEW YORK. -—A wave of S ol *.’.‘é.‘ P T T E ey -2 1! 2 83 33- —: llWa lMVa 1% [ AT 2"0 26% 10% 4“ 140" 181 41 +1 12 Penn Glass 8 «.‘ll: 21% Penn Ratiroad (1z) 19% Peoples Drug(new) 33 Peoples GL1ACt1e) 9% Pere Marquette .. 21% Pere I&r‘unu ot 30% Pere Margprof ... T% Petrol con 1.10¢)~ 6% Pfeiffer Brew (1) _. 34% Phelps Dodge .50e_. L) % Phila& RC &1 (r). . 88% Philip Morris (3a).. 7% 4% Phillips-Jones .. . 36% Phillips Petrol (3) 44 Phoenix H pf 2. 625k 24% 8 Plerce Olipt ° l ll)'lh lo'lu lM% ~1% 26 Pillsbury FI (1,80). 2 8% =1% 41% Pirelli (4.6760) s n uu uu Pitts Coal 1 13 4% ¢ Se8Smer 38 ) 16% 11% Houd Her (B) .35 'lll/. 67 Hounebold Fin (4a) 5% Houston Ol1 com m 41 Howe Sound 3) __. 27 19% Hudson Bay (le)__. 6% 5% Hudson Motor_.... 1 % Hupp Motor __.... 13% 9% lilinois Central ___ !4%\ EY=<t] - wSppofigusas '20% Illinois Central pf.. 43% ' 38% [linotsC L M) 1 ll‘md (2e¢) ' 90% 80% Inland Steel (2¢). .. L] -l\( ug flu inspiration Copper. 3% Interoontl Rubber. 4% Colo & So 1st pt 308 23 Columb BC(A) .90e 6 24% 22% Columb B C (B).80e 11 24% 5% ColumbG & El 200 , 95 64 86 Col GAB p? tA)6). 3 89% 6% Columb Plo vte. 3 6% 87% Columb'n Carb (1e) 2 93% -% 41 ComelCredit t4) .. 28 “ ” 39% —1% 56 46% Comel Inv Tr (§) 17 46 <2 118 107 Comel Inv T pf ¢.25 1 101 lW 107 S 16% 13 Comel Solvents 28 - 30% Comwith £d (1.80) 78U 62 o-n-nuhlum : 24% 21% Congoleum ()._... 7 et U+ % i T 2% ¢ =u w7