Evening Star Newspaper, May 14, 1940, Page 16

FINANCIAL. High u. S. Officials To Atfend Annual Bank Dinner Pre-Conventifin Event Expected to Attract Crowd of 250 By EDWARD C. STONE. Many high Government officials and others have accepted invita- tions to the pre-convention dinmer of the District Bankers Association. to be held at the Columbia Coun- try Club Thurs- day night, James E. Dulin, jr., chairman of the arrangements committee, an- nounced today An attendance of 250 bankers and guests is an- ticipated. Among the guests wil be: Judge L. E Birdzell, general counsel, Federa) James E. Dulin, Jr. Deposit Insurance Corp.; Edward M. Blaiklock, president, Washington chapter, American: Institute of Banking; Thomas W. Brahany, manager, Pierce, Merrill, Lynch & Cassatt; J. O. Brott, assistant gen- eral counsel, American Bankers As- sociation; Lawrence Clayton, assist- ant to chairman, Federal Reserve Board; James E. Colliflower, presi- dent, Washington Board of Trade: Marriner S. Eccles, chairman, Fed- eral Reserve Board Governors! James B. Edmunds, general agent. Chesapeake & Ohio Railroad; Abner Ferguson, general counsel, Federal Housing Administration; George M Ferris, president, Bond Club of ‘Washington; Francis W. Hill, jr. president, District Bar Association. Other Special Guests. Jesse H. Jones, Federal loan ad- ministrator; David McCoach, jr., Engineer Commissioner, District of Columbia; John K. McKee, Boari of Governors, Federal Reserve Sys- tem; Jo V. Morgan, member sole, Board of Tax Appeals, District of Columbia; Chester Morrill, secre- tary, Board of Governors, Federal Reserve System: A. J. Mulroney Deputy Comptroller of the Cur- rency; D. J. Needham, general counsel, American Bankers Associa- tion; Leo H. Paulger, chief, Division of Examinations, Board of Gover- nors of the Federal Reserve System: Francis E. Robey, past president. Washington chapter, American In- stitute of Banking. Fred A. Smith, president, Wash- ington Real Estate Board; - Emil Schram, chairman, Reconstruction Finance Corp.; Ellwlood H. Seal, Corporation Counsel, District of Columbia; M. S. Szymczak, governor. Board of Governors, Federal Re- serve System; C. B. Upham, First Deputy Comptroller of the Cur- rency; Martin R. West, president. Columbia Country Club, and Walter W. Wyatt, general counsel, Board of Governors, Federal Reserve Sys- tem. oe Chairman Dulin also announced today that Brian Bell, of the Associ- ated Press, will speak at the dinner Roger J. Whiteford will be master of ceremonies; George H. O'Connor will lead the singing, and a golf tournament wll.l be held in the afternoon. Telephone Auditor Honored. Preston C. King, assistant auditor of the Chesapeake & Potomac Tele- phone Co., will be the honor guest this evening at a dinner given by 150 of his asso- cates, at the W a s hington : Country Club, the affair mark- ing Mr. King’s retirement after nearly 40 years t of telephone service, Born in Silver t Spring, Md., in May, 1875, Mr King received his early educa- tion in the local schools, later Preston C. Kins. graduating from the National College of Pharmacy After serving in the Army during the Spanish-American War, he re- turned to private life, and entered the service of the telephone com- pany in October, 1901, as a clerk in tt};e plant department, in Washing- Mr. King is the treasurer of Emory Methodist Church, Washington Board of Trade, Association of Old- est Inhabitants of District of Co- lumbia and is vice president of the National Capital Pield Club. He resides on Glenbrook road, in Edge- moor. Investment Dealers Confer. Y. E. Booker and J. Clifford Fol- ger, Washington investment dealers, are attending the meeting of the Board of Governors of the Invest- ment Bankers Association, in session at White Sulphur Springs. Francis A. Bonner of this city. chairman of the National Association of Se- curities Dealers, is- also in attend- ance. At yesterday’s session it was voted to adopt a three-year program to give the public a better view of the investment business. This program will include a factual survey of in- vestment banking, a second phase which will begin next December and continue while Congress is in ses- sion, dealing with planned economy versus free enterprise, and a third phase dealing with Government activity in the fleld of finance. Asset Sales Comes Friday. TFollowing sale of the assets of two other closed banks this week, assets of the former Departmental Bank will be placed on sale by Re- ceiver John F. Moran next Priday afternoon at 2 o'clock in the re- ceiver’s office, room 222, Riggs Na- tional Bank Building, Fourteenth end Park road NW. As already noted, the receiver has paid six dividends, amounting to 85 per cent of the money due depositors. Exchange Trading Heavy. ‘Trading on the Washington Stock Exchange today was the heaviest in several weeks, with some prices lower. Capital Traction 5s sold at 100% and 100%; Capital Transit stock came out at 14% and closed at 14%; Lanston Monotype sold at 28, and Wi Gas Light common moved at 25. Riggs National Bank common stock opened at 275 and closed at S‘I!K. ‘Washington Railway & Elec- tric preferred mmmdu 115. ) TRANSACT|ONS & 'll'ul Bivest to The Star. Nots: Sales were munun“n the opening this morning. Oflllm ldfl-lfl: Dlvuml Rate 65 Abbott Lab (1.60a) 41% Abr & Straues (2¢). 45 Ac teel (3) 6% Adams Expres: 21 Adamn-Millis (1 15 Addressoxph 1.40 . 43 Air Reduction (1a) % A y Elec Appl. 5% Alaska Juneau .60.. 12 Allegh'y prior pt _. 18% Alleg-Ludium 28e 9% Allen Indust (.25e). lflz 168% Allled Chem 11% Allled K14 (.80).. 13% Allled Mills _____. 61% Allled Rtores - 63% Alllea Stores D'IBI 31% Allis-Chalmers 50e 13% Alpha Port Cmt.50e 1% Amaig Leather 14% Amalg Leather pt . 5215 Amerada ¢2) 16% Am Ax Ch Del .30s. 41% Am Alriines & gl 8% Am Bank Note 46 Am Bank N of (3 5% Am Bosch 36% Am Rrake Shoe 30e 133 130 Am Br Shoe pf 5.25 116% 106 Am Can (e - 17612 169% Am Can pf (7) 334 23% Am Car & Foundry 51% 38R8% Am Car & Fdry of . 23% 18% Am Chain &C 80e. 140'% 133 Am Chicle (4a) 9% 6 Am Colortype 25e 8% -6% Am Come’l Alcohol. 15% 10% Am Crvstal Sugar 91% 81% Am Crystal 8 pf (6) 8% 2% Am Encaustic T1] 2% 1% Am & Foreign Pwr 15 Am& F P6% pf 60k 17% Am & F P 7% pf.70k 4% Amé& For'n P 2d pf 28% Am-Hawia'n 88 (1) 414 Am Aide & Leather 33% Am Hide & L pf (3) 56% Am Home Pr (2.40) 2% Am Ice g=C 24% Am Ice pf (.50e) .. 4 Am International 50% Am Inv I11 pf (2.50) 16 Am Locomotive _. 51% Am Loco pf (1k) __ 11% Am Mach & Fv« 80) 2% Am Mach & Metals 19% Am Metals (1le) - 23% Am News Co (1.50). R} Am Power & Lizht 40% Am P&LS5pf 1 876k 50% Am P&L $6 of 2.25k 0t 6% Am Radiator - 163 154 Am Radiator pf (7) 17% 12% Am Rolling Mills 70 64 Am Roll M pf (3k) 1 12% 11% Am Safety Ras 1.20 4 11% 9 Am Seating 1.60g) 37% 29% Am Ship Building . 54 46 Am Sm & Ref (1e) 147 142 Am Sm & Ref pf (7) 60 Am Snuff (3a) 24 Am Steel Fdry 50e. 11 Am Stores ( 25e) _. 13% Am Stove (.50e) 18% Am Sugar Refining. 143% Am Sumat Tob (1). 164 Am Tel & Te) (9)._. 81% Am Tobacco (5) 80 Am TobaccotB)(5). 144% Am Tobacco pf 6)_ 17 88 2308 3 42 10 3 3 2 33'4 14% 17% 23% 18 175% 891 913 151 5% 12% 101% 12 521 814 45% 32 4 28 31 81 95 Am W W istpf (6). 1 7 Am Wool 39 Am Woolen pf (3k) 5% Am Zinc 39 Am Zine prpf 2. 50k 26% Anaconda (.2! 41% 34 Anaconda Wire&C 22% 18% Anchor Hoc Gl.15e 112% 110% Anchor H Gl pf (5) 4% 2% A P W Paper 35% 3114 Arch-Dan-Mid .70e. 110% 1062 Armour«Del)pf(7) 3% 5% Armour ¢I11) 64% 46% Armour (111 pr pf 43% 382% Armstrong C'k .60e. 11 9 Arnold Const 37be. 9% 5 Artioom Corp 9 6% Assoo Dry Goods 100% 90% Assoc Invest pf (5) 25% 17% Atch Top&Santa Fe 231 14 - Atl Coast Line 22% 13% AtlGulf& W Ind . 22% 13% AtlGulf & W Ind pt 27% 20% Atl Refining (1) 9% 8% Atlas Corp (.25e) .. 51 47 AtlasCorp of (3) 80% 63 Atlas Powder 1.50e 124'4 117 Atlas Powder pf(5) 6 Atlas Tack 5 1% Auburn Auto (r) 1% Austin Nichols _ 16% Austin Nich pf (A). 6 Aviation Corp 14 Baldwin Loco otfs 3% Balti & Ohto (r) 4% Balti & Ohto pf (r). 10 Bangor & Arstook 38% Bangor & Ar pf (5) 13 Barber Asphalt .50 6l Barker Bros 2614 Barker Bro pf 2.75 . 10% Barnsdall Oil .30e. 25% Bayuk Cigar 25e 26% Beatrice Crea (1a) 30 Beech Creek (2) 127 120% Beech-Nut Pgk (4a) 9% 87 Belding-Hem (.4! 363 26% Bendix Aviat'n (1le) 22'% 20% Beneficial Loan .45e 39 31} Best&Co1.60a) . 89% 70% Beth Steel (2.25¢)_. 125% 115 Beth Steel of (7) 3415 22% Bigelow Sanf'd(1e) 22% 16% Black & Decker .25¢ 11% 8% Blaw Knox 16 13% Bloomingdale .376e 28% 19% Boeing Airplane 4% 1% Boeing A rts May 24 29% 21% Bohn Alum'n (.26e) 123 116 Bon Ami(A)(4a) 70% 62 Bon Ami (B) 3.50a. 29% 22 Bond Stores (1.60) 21% Borden Co (.60e) 184 Borg-Warner(.50e) 17% Boston & Maine 31 Bower Roll B (3) _. 6 Brewing Corp ( 60). 10% Bridgeport Brass - 19 Briggs Mfg (.50e) 48% Bristol-Myers 3.40 x 1314 Bklyn-Man Transit 49 - Bklyn-Man Tran pf 1% Bkiyn & Queens 12% Bkiyn & Qu pf ctfs. 17% Bklyn Un Gas .50e 20% Brunswick-B (.75e) 7 Bucyrus-Erie lll 101% Bueyrus-E pt (7 Budad Mfg - 32 Budd Mfgpf .. 4% Budd Wheel 20 Bullard Co (.25e) .. 25% Bulova Watch (2a) 16'% Burlington M (1) ._ 9% Burr’s AdA M 20e_. 3 Bush Terminal ... 8% Bush T Bldgs pf. .. 5% Butler Bros (.16e) Bros pf 1.50 Cooper oe (AMICo . Byers AM pf 4.33k_. Byron Jackson (1) Calit Packing .28e.. 1% Callahan Zine 6% Calumet & Hec .50e. 13% Campbhell Wy 6be . 16 Canada Dry 36 Canada South'n(3)_ 4% Canadian Pacific 35% Cannon Mills «.50e) 5 Capital Admin (A). 85% Caro-Clin & U (5) .. 23 Carpenter Steel 50¢ 214 Carriers & Gen 0be 84 Case (J 1) Co 118% T11 Case (J 1)Co bf(') 5612 44% Caterpillar Trac(3) x 15 35% 26% Celanese Corp 60a 139 ua 107% Celanese pr pf (1) 7 Celotex Corp 62 Celotex Corp pf(b). 12 4 ?5% 11 13 6 6 411 2 4 40 10s 125 181 15 1108 5 x 26 32 2 4 17 66 60 4 9 14 6 10- 4% Central RRof N 6% Central Vio Sugar .. 5 Century Rib Mills® 93% Century R M pf(7). 35% Cerro de Pasco (2e) 5 Certain-teed 27% Certain-teed pf 18% Chain Belt (.50e; % 21 Champ Papa rF 106 102 Champ P&F ptf (8). 15 Checker Cad Co 4% Chesapeake Corp (r 36 Ches & Ohio (3.50). 93 Ch Ohio pf (4) 1% Chi & East 111 pt (r) 1% Chi Grt West pt (1) % Chi & Norwa p¢ (r). \ ) > 2 37 10s 130 14 106 3 170% 168% 59 28% 25 B7 45% 42 32 184 16w 6 127y% 125 4. 30 1 144 56 160 508 115 2! Olflnnl‘h\. stock will be siven in | 22% 13 9y 8% 14 170% 160 1 10% 104 ., 36 130 103 6% % 6 s 11 80% 2 1% 4% 16 3% 110s 149 44 12% 63 11% 8% 29 46% 41% 414 60 59% 24% 21 121 11% 12% 124 19% 17 15 144 154 8% 8% 80 82 5 1481 148 3% 8% 34 % 33% 32% 8 8 N 6% 90% 18 4 bY% 88Y% 5% 2!0- 120% 120% 6% 1 215 l‘i 2% 19% 5 29% 408 2 122% 122!A 8% 8% 31% 29% 20 19% 31% 31 84% 76% 6 120% 120% 22% 21 16% 15% 8% 6% 13% 11 21% 20% 3 2 24% 23% 113% 62% 22% 2 87 208 115 114% 44 43% 29 25% 260- 116 114% 6% % 63% 2% 21'A SOI lM lN 124 Bales—- Nk, Add 0. High. Low. 2:55. chee. 9 64% 63 63 -2 41% - 4% 8 -2 6 =& 20% - % 15 =% 40% ~2% 28% ~ % 28 -1% 29% = % 122% —2% 8% = % 20% - % 19% -1 - % -T% 21% -3% £ f‘a‘ ”pN T Chile Copper (1e. 78% Chrysler Corp 2.5 Ice & Fuel 93 City 1&F pt (6.50 2% City Stores 28 Clark Equip 1.250 - lldu 110% Clev E illu pf ¢.50 43% 33 Clev Graphite(.40e) 41% 84y Climas Moly| 0.. 45% 34 Cluett Peab t.600). 12% Colgate-Pal-P ¢.60) 35% 27 Collins & Alk (2.25¢ 112% 110 Collins & Ak vt (§) 24 17 Colo Fuel & tron... 4% 3 Colo & Southern.... 3% Colo& 8024 pt _ 23 Columh BC(A) .90s 22% Columb B C (B).90e 5% Columb G'& El 208 86 Col GAB pf (A)( 4% Columb Pio vto 19% Columb Pic pf 3.' 98% 87% Columb'n Carb ( 87 Comcl Credit (4) 44 Comel Inv Tr (4) 11% Comel Soivents . 29% Comwith Ed (1.80). 1 Comwith & South'n 60, Comwith & 8 pf (3) 4 Conde Nast Pub.__.. 18% Congoleum (1)e___. 8 Congress Cigar _ M HEN L) 9 =% 1% - % 4% + % 26 -5 664 -84 11% -1 90 5% 2% -% 2 32% —4% 40s 110 110 110 -% -2% 3 121% 114 114 -8% 45 18% 12% 12% 4 26 24 24 -3 10s 111 111 111 -1 15 19% 18 18« -2 2% 2% 3% 20% 5% Conn kwy & Lt pf.. 1008 25' Conso) Alreraft . 7% Conrol Cigar (.76e) 79 Consol Cigar pf (7) x 86 Consol C pr pf 6. 9% 7% Consol Cop M 32% 29 ' Consol Edison (3) . uou 107 Conso] Edis pf (5)_ by % Consol Film. . = 10% 815 Consol Film pt .25k 4% 3% Consol Laundri 8% 7 Consol O1) «80) 2% 1% Consol RR Cuba pt. 4% 3% Consolidation Coal. 18% 141 Consolidt'n Coal pf. 104 100% Consum Pw pt 4.50 19% 14% Container Corp .60e 16% 10 Contl Baking (A) 1% 1 Contl Baking (B) 97% 86 Contl Baking pf (8) 49% 40 Contl Can (1e) - 116% 118 Conti Can pf (4.50). 9% 6% Contl Diamond .25e. 36% Contl tnsur 1.60a) .. 3 Cont! Motor 22 Contl Ofl (.36e) 25 Contl Stesl 350 15% Copperweld Stl .40e 52% Copperweld pf 3.60 60 Corn Exchange (3). 654 56 Corn Produets (3).. 4% Coty Ino (.26e) ___ % Coty International. 184 Crane Co 951 Crane Co ov pf (5) _ 28 Cream of Wheat(2) 5 Crosley Corp 26% Crown Cork & Seal 42 15 30 801 1 34 37 Cr'nCAS pf ww 3.25 230s 15 Crown Zellerb’k le 13 89 Crown Zeller pt (8) 100s 34 344 Cruetble Steel 78Y% Crucible Steel pf. 31 Cuba RR pt 6% Cuban Am Buga: 79 Cub Am B of (1N) . zzo. 124 Cudahy Packing 26 Cuneo Press (1.50). 2% Curtis Publishing 40% Curtis Pub pf (2k). 91 Curtins- Wright 25% Curtiss-Wr (A) le 18% Cutler-Hamm'r 25e 4% Davega Stores .25e_ 5% Davison Chemical 113% 111 Dayton P&L pf ¢.50 23% 18 Deere & Co 28% 25% Deere & Co pf(1.40) 19% 16 Deisel-Wem-G .375e 23% 13% Del & Hudson 5% 8% Del Lack & Wn 125% 117% Detroft Edison (3e) 16% Devoe & Ray A 3be 180s 33 Diam'd Match 1.50 381 Diamond M pf 1.60. 6% Diam T Motor 17% Distill-Reagr (2) .. 11% Dixie-Vortex .25 _ 2 3 740 87 8 4 2 50s 44 [ 4 27 47 2 164 =1% 3% - % 5 5 =3 111 111 18% + % - Y% ~1% -1% % = % -6 -1% = 5% 111 264 26 15% 156% 12% 3 6 5 19 34% Dixie Vor(A)(2.50) 320! 24%. 16% Doehler Die C.25e._. 28% 14% Dome Mines (2) 94% 75 Douglas Alr (3g) .. 171 142 Dow Chemical (3 30 14% Dresser Mfg 10 5% Dunhill Internatl . 120 115 Duplan Silk pf (8)._. 189% 175 Du Pont (1.76e) 126 122 Du Pont pf (4.50) 118% 114% Duquesne 1st pf(5) 44% 26'» Eastern Air Lines 2% 1% Eastn Alr rtsMay24 6 4% Eastn Roll Mills 1“‘& 145"« Fastman Kodak (6) 27% Eaton Mfg (1.5 15 FEdison Bros 8 (1) .. % Eitington Schild 32 Eleo Auto Lite .75e. 12% Electric Boat 1% Electric & Mu - 4% Eles Pwr & Light 22% Elec Pwr & Lt $6 pf 26% Eleoc Pwr & Lt 37 pt 28Y% Flec Stor Bat (3) _ 1 Elk Horn Coal 34% El Paso Nat G (3)._. 42 Endicott-John (3).. 1% Eng Pub Service .. 72% Eng Pub Sve pf (5) 80 Eng Pub 8ve pf 5.50 % Equit Office Bldg . 1% Erie RR (r) - 1% Erie RR 1st pf (r)_. 1% Erie RR 2d pf (7) .. 17% 1% 413, 18% 1% 4% Fairbanks Co pf._.. 34% Fairb’ks Morse(1a) 25 Fajardo Sugar (le) x 14% Fed Lt & Trac (1le) 96 Fed Lt& Trpf (6) x 3 Fed Motor Truck % Fled Water Sve (A) 20 Federat Dep St .75e 85% Federat'd DS pf 4.25 14% Ferro Enamel (1a). 35% Fidelity Phoe 1.60a 16% Firestone Tire .50e 104 Firestone pt (6) 13% Flintkote (1g) 82 Florence Stove .60e. 2 Follansbee Bro (r). 25% Food Mach (.25e)__ 16 Foster Wheeler 3% Francisco Suga 27% Franklin 8imon pf_ 81% Freeport S8uiph (1) 1% Gabriel (A) - _ 2% Gair tRobert) 12% Gair (Robert) pf. 13 Gamewell Co .75 105% 101 Gannett Co pf (6) .. 4% Gar Wood Indust. _ 16% Gen Cable (A)eecee 48% Gen Cable pf oo 19% 17% Gen Cigar .25 117% 113% Gen cum of (). 41 33 Gen Hlectric (.35e). 49% 45 Gen Foods (3) 118% 116 Gen Foods pf (4.60) % % GenGas& El (A).. 101 86% Gen Millm (4a) - 56% 48 Gen Motors (1.75e). 127% 128% Gen Motors pf (5) . % 4% Gen Outdoor Adv .. 58% 374 Gen Out Ad(A) 2k... 10 8% Gen Print Ink 10e 110 108% Gen Print Ink pf(8) % % Gen Public Service. llk Gen Rwy Sigpat 8614 Gen Rwy Sig pf () 1% Gen Reéalty & Unl__ 16% Gen Reailty & U pf_ 33% 274 Gen Refractor 3ke. 14% Gen 8hos (1.30) 24 Gen Stes) Cast pt 19% Gen Telephone 1.30 9% Gen Thea Equ .30e. 13 Gen Tire & R 50e _ 5% Glllette I.l‘ R 1.40). 43 Gn Rot (5).. 5% Gimbel Dful 47% Gimbel Bros pf ) 14% Glidden Co 383 Glidden ov pf (3.35) 2% Gobel tAdolf) .. 214 Goebe! Brew (.20)_. 80% Gold Btock 'l'Ql ... 14 Goodrieh ( 54 Goo‘flat(ll‘)nfll) 17 Goodyear T&R .75e x 85 Goodyearpt (5) . x 2% Gotham Stlk Hase.. " % Graham-Paige 151% 151% - 13 21% 21% -1 6 6 =1% 115 115 -1 161 161 —19% 120 121 -2 116% 115% — % 36 36 -1y 1% = % 3% ~1% 144 -4 28 -24 4% ~ % Y 32% + % 13% = % 40s 45 2 508 84 222 6% — % 2% -1% 5 =1% 36% =3 22% -3 13 =-1% 97U ~1% 2% - % bl 19% = % 89% - 13% —1% 82% =3% 15% 15% =1% lOZV. 102% 102% - % 14 M+ Y% 82 -y 1% = % 23 -2y 4 -2 4% = % 28% +14% 30 -3yu 1% - % 3 -4y pUES s 144% 144 =1% 108% 103% 108% - % 4% 4% 4% - % 11% 10% 10% —1% 50 M 50 -‘ 21 4 208 1 -% 2 102% 102% 102% =33 4“ 4 -5 ll - I% 6% 6% = % 2% 2% =% % 4u-% 7 17% 16 (16 = 3y 162 62 62 -7 14 17% 17% 17% = % 50s 116% 116% 116% — % 185 33 32 82 -1n 2% 43% 41 41 -4 1 116% 1124 112% -5% 3 % % £ % 10 94 92% 93 + % 3T 4T% 42w 42K -6% Zg llg" 124% 124% - % 1 45 ‘E 11 8 208 lOl:: lM'/q mm » 12% 98 ’ 13 508 98~ 8 & 6 18 2 1 nu -2% 98 % 17% - % 238 -5 18 -1% 23 -3% 18% -1% 9% - % 18% + % 4% - % 43 5% -l“ 183% - % 41 -!% % 17% 23 18 § ! ;t !Iu ’1 13% - 53% = - )g*gflo (NE =N ;;x:t:t *xryr- r‘m: ,_,m 10% 9 Grand Unies 3 ctfs. 14% 12% Grand Un war etfs. 16% 11% Granite City 8 204 25% Great Wn Sug (3)_. 85% 80% Green (HL) ((3a).. 17% 12% Greyhound (1) .. 12 11 Greyhound pf (.65). 25% 20% Grumman Alrcraft. 3%, 2 Guantanamo Sugar. 80% 20 GuantanamoSpf _ 4 3 Gulf Mob & Northn. 18 131 Gulf Mob & Nor pf_. 34% 30% Hanken Water 1.50_ 87 34% Hack Wad pf (1.75) <204 13 Hall (WF) Prtg (1) 1083 10415 Hamilton W pf (8)- 105% 100 Hanna(M)pf(5) 1 Harb-Walker (.50e) Harb-Walk pf (6) __ 6% HatCorp (A) .30e_ Hat Corp pf (6.60)_. % Hayes Mtg Corp . Hazel-Atlas Gl (5). Hecker Prod (.60) .. Helme (G W) (6a) .. Helme (G W)ipf(7). Hercules Mot .35 100% 87% Hercules Powd 1331% 1291 Hercules P pf ( 115% 11115 Hershey cv pf (4 18% 16% Hinde & Dauch .26¢ Hollander (A) Holly Sugar Homentakg, (4.50) Houd-Her (A)(2.50) Houd Her (B) . Household Fin (4a) Household F pf (5). Houston O} Howe Sound (3) Hudson Bay (le) ... Hudson & Manhat__ Hudson & Man pf__. 4% Hudson Motor ... % Hupp Motor 8% (llinots Central 18% [1linots Central p 38Y% [llinois C L (4) _ 5% Indian Refining 2214 Indust Rayon § 118 103% Ingersoll-Rand (2e) 90% 80% Inland Steel (2e) 1§% 11% Inspiration Copper. 2% Interbore R T (r) T lfl % 3 Intl Agricultural Intl Agricul pr Intl Bus M: h « Intl Harv Int Hvdro-l!:l (A Intl Mereantile Ma._ Intl Mining (.20e) . tntl Nickel Can (3). Intl Nickel pf (7) Int) Paper & Pow. Intl Pap&P pf 1.25¢ Intl Ry Cent Am Intl RyCA pf 3.25k . Intl Sait (1.50) __. Intl 8hoe (1.60).___ Int] Stiver Intl Silver pf (2k)_. Intl Tel & Teleg Intl T& T for'ncfs Intersiate Dept Str 4 Interstate DS pf(7) Intertype Corp .40g Ialand Crk Coal (2) Island Crk C pf (6) 17 11% Jarvis (WB)« 375e) 52 40 Jewel Tea (2.40) __ 77% 62'4 Johna-Manville 132 123' Johns-Manv pf (7) 55 Jones & Lau pf (1k) 12% Kalamazoo Stov .60 6 KansasCity Sou __ 17 Kans City Sou pf 12 Kaufman Dept 25e. 11 Kayser (J) 50e 109 .95 Keith-Al-O pf 3.50k 4% 10% 28 127 123 33% Kennecott Cop .25e 13 Keystone Steel 25e 35 Kimberly-Clark (1) 2% Kinney (G R) 25% Kinney (GR) $5 pt 3 Kresge Dept Strs 211% Kreage (SS) 1 20a.. 28% Kroger Groc (2) _ 6% Laclede Gas 13% Laclede Gas pf. 15% Lambert ¢.750) ..o 22% Lee Rub & T (.75e) 21% Leh Port Cmt .75e .. 115 1084% Leh Port Cpf (4) . 1% % Len Valley Coal . 4% 215 Leh Valley Coal pt_ 4 2' Leh Valley RR (r) 21 Lehman Corp (.40e) 124 Lehn & Fink .25¢ 24! Lerner Stores (2) _ 42% Libbey-Ow-F (le). 614 Libbv McN & Lib _. 36 LifeSavers (1.60) _. 109 103 Ligg & Myers t4a) 109'4 103 Ligg & Myers(R)4a 180% 171 Lige & Myers pf(7) 23% 19 Lily Tulip Cup 1 20. 29% 19% Lima Locomotive 41 34% Link-Belt (1) 14% 11% Lion U1l Ret (1) 18% 14% Liquid Carbonic.60e 41% 27% Lockheed Airc 37% 28% Loew's Inc (3) 1091 106 Loew’s Ino pf ((.ifl) 39% 18% Loft Ino 46% 40% Lone Star Cmt (3 4% 2% Long Bell (A) 18% 167 Loose-Wiles .T5e __ 1094 106 Loose-Wiles pt (5). 25% 22 Loriliard (.30e) 21% 16% Louis G&E (A) 1.50 60 54 Louls & Nash 1.25e. 35 32 MacAnd&Ford (2a) 13614 133 MacAnd&F pf (6) 28% 20% Mack Trucks - 31 27 Maey (RH) Co (1 ) 6 Mandell Bros 145% Man Ry mod lldlr) 14% Man Ry m gtd et(r) 14% Manhat 8hirt (1) _. 1 Maracaibo Ofl - 4% Marine MidI'd(.20e) 3% Market St Ry pr pf.. 13 Marshall Field 40.. 35% Martin (Glen) _. T% Martin-Parry 29 Masonite Corp (1a)_ 25% Mathieson Alk 1.50. 170 161% Math Alkali pf (7). 49% May Dept Strs (3) .. dl/u 315 Maytag Co 26 Maytag Copf (3) .. 105 98 Maytag 1st pf (6) . 16% 13% MeCal) Corp (1.40). 17% 14% MeCrory Strs (1) _ 29 22 MoGraw Elec (1) 8% 7% McGraw- Hill (.30e) 47% 36 ° Mointyre Pore ¢3a) 8% McKeesport Tin 7 McLellan Strs ¢0e. 99 McLellan pf (6) 9% Mead Corp . 2008 130 12 2% 22 12% 23 29% ll!i ll% 25% 12‘4 19% - % 2% = % 8‘81%01% 12% =1 83% 33% - W 4 34 -4 20 13 12 13 10s 106 102 102 -4 - x 20s 100 100 100 +l% 14 22% 20% 60s 135% 135% !85% -l\f 8 8% 6% — ]0! 101% .B 98 -"/. 3% - % l 105\0 102 102 -3 456 9% 9% 9% ~ W 1 103% 100% 100% -6% 40s 165 165 165 +1 12 15 14 4 +% 15 90 87 87 -1 129% 130 + % 11 111 -1% 14% 14% -1% 5% = % -2 48% - % 35 10% - % % 66 ~—1% 110% 110% ~ % % - % 36 -4 16% -1 % 8% - % 8% —~1% %= & 8% = Y% 15% -2% 39 - % 5% — % 21% -1 98 -T% 79 -5 1% - % 2% = % 28 +1% 107% -35 2% - % 8 -1y 1% = % 25% 25% -5% 1556 157 +2 3111 3 164 4 -2 -3% % =1% =% ol - % —4% Th - % 24 -1 127% +1% 11% + % 39% — % 62 =% 125 55 12% 5 15 1% 9 991 10s 3 2 1108 13 4 13 80s 2 4 1 2 1 308 1201 3 14 24 20s 208 £l 18 17 8 10s 15 5 4 2 108 29 17 5 117 53% Mead C pf(B)(5.50) x 295 Melville Shoe (3) 3% Mengel Co 18 Menge Co 8% pf 13% Merch & Min Trans 28 Mesta Mach (le) _ 8% Miami Copper 308 17% 13% Mid'Cont Pet (.40e) 40% 321 Midland Stl P(1e) . 122 111 ‘Mid St! ist pt (8) 54 47 Minn-Hon Ros (2a) 110 104 Minn-Hon pf B (4). 4% 2% Mo-Kan-Tex Dl oo % % Mo Pacifio pf (£) 9% 12 Mohawk Carpet .35e 119 104 . MonsantoChb (3) 118 115 Monsanto C pf ¢.80 121% 118 Monsanto pf B 4.50 86 44 Montg Ward 3.36e . 40% Morrell(J)& Co le.. 26% Morris & Es ¢3.875) 10% Motor Products 15% Motor Wheel (1.60) 5% 3 . Mullins Mfg (B) ... 28 Mullins Mfgpt .. 10 Munsingwear 35e.. 67% Murpby (GC) (4).. 5% Murray Corp 4% Nash-Kelvinator. . 16% Nash Chat&StL le. 13% Nau Acme (.50g) .. 11% Natl Aviation 21% Natl Biscuit(.80e 12% Natl Cash Reg (1) .. m 10% Natl Cyl Gas .lO ). 16% Natl Dairy (. I.IOVa 110 Natl Dairy pt A('l)‘ 114 108% Natl Dairy of B(7). SBtores 26% 22% Nat) nmu'u-: m 15% 124 Natl Enam & Stog_. 124 ' 7% Netl Gypsum ... 283 194 Nati Lead (b0, e 170- 15 28% 508 llb Il&’ 115 4 48 45 45 60s 106 106 105 l: :% 2% 2% -1 21 % 918 6 106 100% 100% -5 308 114% 114% 1144 — % 608 117% 1175 117% —4% :4_; 490 -4 25 18 l 16 4% lh 110 uo 110 NOI l“u mm I“K + % H 20%. 2 ll‘ 11k, 1% =1% a 6% 7 -% lfli 19 19 -% Prev. High. Low. 173% 27 8‘& ’l- 14% 8% lMfi ll% 8% 26% 121 35% 228% 13% 26% 1m 165 Nl!l Lead D((AN" 12! = %] 148% 140 Natl Lead pf(B)($) 20 Natl Maileable 25e.. ki n-u Pwr& Lt 60__ lt ..l 1 50e) ... ll!i N-n lunni! " Dl ~ 3% Natl T« . % Nlloml l.l.) 19 Neisner Bros 4.76e. 40 Newberry (JJ) 2.40 63 Newmont Min (le). 8% Newport indus 41 NY Alr Brake (1e). 12% N ¥ Centrai 12% N ¥ Chi & 8t Louts. Chi&StLpt _ C Omnibus (3). ¥ 22222222 «8 R rhe £ S,58 k b Wn (5). Shipbilding . 92 N Y Shipbg pf 1.76k 25 Noblitt-SBparks 60e 208 Norfolk & Wn (10) . 110% Norfolk & W of (4). 19% Nor Am Aviation._. 19% Nor Am Co (1.30) 55 No Am 5%% of 3.376 56% No Am Co 6% pf (3) 7 Northern Pacifie 33% Northwest Tel (3. 3 Norwalk Tire 6% Ohio O1l (.20e) _ 16% Oliver Farm Equip_ 11 Omnibus Corp 1.20.. 4% Oppenheim Collin, - £ & % 141% Otis Elevator .35e l“ 12% 64% 10% 6% 23% 12% 14 34% 50 16% 139 154 138% Otis Elev pf (§) 9 Otis Steet 55 Owens-Il1 Gl (1e) 7 Pac Coast 3d pt 11 Paoc Finance (1.20)_ 31 PacGas& Elec (2). 42Y% Pao Lighting (3) ... 10'% Pac Mills 128y Pac Tel & Teleg (1) 150 Pac Tel & Tel pf (6) 4% Pac Tin Consol .20e % Panhandle 39Y% Paraffine (.76e) 5% Paramount Pie 85 Paramount 1st 1% Park Utah M .10e _. 41 Parke Davis (.80e). 18 Parker Rust (14) 1% Parmelee Trans 9 Pathe Film 5% Patino Mines 55 Penick & Ford (3) . 88 Penney (JC) (.760) 3% Penn-Dixie Cement 181 Penn Rafiroad (12) 19% Peoples D new .50e _ 33 Peoples GL1&Ctle) 9% Pere Marquette . l!ol HOV. 34 108 608 1208 : .JIA{""V.'@ t'."";‘ . FINANCIAL. m 4 l‘llm l“ Wl 20s 141 141 319 17 113 21%, 19% 21 +1 50s 112% 112% 112% ~ % 4 2% 2414 24% - % 8210 2074 207% ~T% 50s 112 112 112 190 20% 15 16 18% 54% 53% 6 32y 2% 6% 14 10% 4 14 8% 16 b54% 43 T 5% 1 16 4 4 11 10s 126% 10s 150 18 5% 1 6% 3% 18% i 36% 5% 14 9 2 3 1] 181 Pere Marquette pf. 440s 30% Pere Marq prpt _. 21 Pet Milk (1) - T% Petrol Corp (.70g) .. 6% Pfeiffer Brew (1) _ 34% Phelps Dodge .50, 40 Phila Co 6% pf (3 % Phila& RC& (r 88 Philip Morris (3a. 4% Phillips-Jo! 36% Phillips Petrol (2 3 Phoenix Hosfery. 8 Pierce Oil ot 4 26 Pillsbury F1 (1. 176 4% Pitts Coal 21 Pitts Coal pt 7 Pitts Coke & Iro 69% Pitts C & Ir pf (5)_. 171 Pitts F't W pf (7) _ 6% Pittsbgh Screw .15e 814 Pitts Steel . 28 Pitts Steel pf (B). 24 Pitts Steel prpt. 12 Pitts& W Va % Pittston Co 20 Plymouth Oil 1.4 124 Pond Creek (.26e) - 8% Poor & Co «B) - % Port R Am To A(r) 11% Pressed Stee) Car 11% Pressed Stl C 1st pf 65% Proctor & Gam (2a) . 190s 3 5 1)8% 112% Proctor & G pf (§) x 20s 114 18 43% 165 32% 11% 53 111% 42 4 31% 14% ke ™% 49 38% Pub Sve (NJ) 6ve x 141% Pub Sve(NJ)pf(7)_ x 160 PubS8ve(NJ)pf(8) x 20% Puliman (.26e) - 8% Pure Oil 85 PureOll pf (¢ T7% Pure Ofl of (5) _ _. 11% Purity Baking B0e_x 54 Radio Corp (.30e) 60% Radio Cev pf(3.50) 1 Radio-Keith-Ur (r) 4% Railrd Sec 111 Stk__ 18 Raybest-Man 3| 15% Rayonter inc 27 Rayonier pf (1k) 11% Reading Co (1) 25 Reading 1st pf (2)_. 20'% Reading 2d f (2)__ 3% Real Silk Hoxe 6% Reliable Stores 11% Reliance Mfg(.30 8% Reming Rand (.40e) 49% Rem R'd pfww 4.50 1% Reo Motor vtc ctfs_ 18% Republip Steel 79% Rep St cv pf 1.50k_ Revere Copper 76% Revere Copper pf. 9% Reynolds Metals. 6'4 Reynolds Spring 52% Reynolds Tob (le 39% Reyn Tob (B) ( 6% Richfield Of) (.5¢ l) 6 Ritter Dental .. 9% Roan Antelope .66g. 17 Ruberoid (1.10g) .. % Rutland RR pf (r)_ 39 Safeway Strs .78e.. 104 Safeway 8 pf (5) 36% St Joseph Lead (1) 2 8t L-Southwn (r) 19% Savage Arms (.50e) 11 Schenley Distillers 4 Schulte Retail 8 (r) 314 Schulte R 8 pf (r)_. 40% Scott Paper (1.60)_. 109 106 Scott Paper pf (4).. » # Seaboard Atr L tr) % Seaboard A L pf (r) 15% Beaboard Ofl (1)_.. 1% Seagrave Corp ._. 6% Sears Roebuck (3)._ 10% Servel Ino (1) _. 12% Sharon Steel 54% Sharon Steel pf ( 4% Sharp & Dohme _ 50 Sharp & D pf (3.50) 6% Shattuck (F'G)(.40) 10% Shell Un O11 (.60g). 4% Silver King (.10e) _. 15 8immons Co - 2 Simms Petroleum 21% Simonds S&S (.80e) 23% 18l Skelly O1) (.28e) 120 105 Sloss-Sheff 112% 112§ Sloss-Sh pf (6)cald 18 38% 28% Spicer Mfg (1e) T8¢ 15 Smith (A O) 195 Snider Pkg 10 Socony-Vac 2 1% So Am Gold (.10e, 221 So Porto Sug (1 13% S.B.Greyh'nd 1. 28% Southn Cal E4 1.5 9% Southern Pacific 12 Southern Raflway.. 19% Southern Rwy ot .. 1% Sparks Withington. 54 Spear & Co 65 Bpear & Co pf (5.50) 21 Spencer Kell (1.60) 41 Sperry Corp (3g) _. 50% Spicer Mfg pf A (3) 7 Splegel, [ne (.30e) . 60 Splegel inc pf 4.5 29% Square D Co (.30e)_ Stand Brands .20e . [J 1022 103%. Bl.lnd Brdspf ¢.50. 1% m 26% 29 48y 34% 1% Stand Gas & Hiec. 3% Stand G&E 34 pt 8% 10% Stand G&E 38 pr pt. 18% Stand G&B $7 pr pt’ 20% Stand Otl of Cal (1) x ) ¥ “muo ~ Swift & Co (1.30) 30s 153 41 2 12 286 2 29 508 ld'fi % 39! 101% 103\§ -3% 34 34 -2 4 &' g 24 24 10% W 3% 40 10% =5 k) 3% 40 TR 20 1% 1% m—“ 16 I3% 13% —1% 1 2 26 U -2= 1 6% 6% 41 2% 214 1Y ~1% (Continued on Page A-17) EW YORK STOCK EXCHANGESIockPncesPIun £.$2 10 $19 a Share in Heavy Selling Ticker Tape Behind As Yolume Expands To 3,500,000 Stock Averages !flfl“ll -lfll AL Stks. Net change —43 —8 -—'"4129 Today, close 615 *15.4 *34.0 429 Prev. day.. 657 163 364 438 Month ago. 711 188 390 50.1 635 172 356 448 205 408 522 154 340 429 238 406 539 157 337 416 60-Stock Range Since 1927: 1937-38. 1932-36. 1927-29. High ... 753 728 1577 Low ... 337 169 618 *New 1940 low. (Compiled by the Associated Press.) By VICTOR EUBANK, NEW YORK, May 14.—A series of selling blasts again struck the stock market today and swept leaders overboard for losses of 2 to 19 points, many hitting new lows for more than a year. With the ticker tape frequently as much as 4 minutes behind floor transactions, volume of around 3,500,000 shares topped yesterday's turnover and was the largest since last September. As in the slump of the preceding session, today's slide was blamed principally on Wall Street gloom re- sulting from reported allied reverses in the European struggle. In addi- tion, some unloading of so-called war stocks was thought to have been based on the idea that the recent German blitzkrieg might bring quick victory to one side or the other and eventuate in peace. Then, too, fears of the United States becoming in- volved if the conflict continues served to dampen speculative ardor. A wide assortment of rumors in commission houses helped accentu- ate the confusion. Aside from other. clouds, a sharp break in major commodities, with wheat falling the limit of 10 cents a bushel at Chicago, provided little incentive for buyers of stocks to ap- proach the ‘“bargain counter.” Weakness of bonds generally, ine cluding United States Governments, contributed to the bearish mood of boardrooms. Heavy dumping of margin ac- counts impaired by Monday's re- lapse, added to some selling from abroad and from discouraged in- vestors at home, tended to stress pessimism in financial quarters. Several attempts were made to rally the market. A few rails, air- crafts and specialties put up a show of resistance, but final quotstions in virtually all departments were at or near the lows of the day. Outstanding on the slump were Du Pont. Dow Chemical, Union Car- bide, . American Telephone, West= ipghouse, Eastman Kodak, Chrysler, General Motors, U. S. Steel, Beth- lehem, Sears Roebuck, Montgom- ery Ward, J. 1. Case, Douglas Air- craft, American Smelting and Pub- lic Service of New Jersey. Dropping in the curb were Alumi- num of America, American Cyana- mid “B,” New Jersey Zinz, Electrie Bond & Share, Creole Petroleum, Gulf Oil, Mead Johnson and Master Electric. Washington Exchange SALES. Capital Traction 1st 55—$1,000 at 100%%. Capital Transit Co.—5 at 147%. Potomac Electric 5% % pfd—1 at 1123%. Lanston Monotype—10 at 28. Washington Gas Light com.—40 at 25. Riggs Bank com—1 at 275, 5 at 275, 10 at 275%. Cnpital Traction 1st 5s—$500 at 100%. Capital Transit Co—20 at 143. Washington Rwy & Electric pfd.— 25 at 115, 5 at 115. Capital Transit Co.—25 at 145. BONDS PUBLIC UTILITY. +% An-aom. & Pot b5 n«' 99 as 15t n 196 1"0 m'}o- s 10 B 10 Wah Rvy £ 38 108177 1oa MISCZLLANEOUS. 7 B Gy 15t e 1067 103 Col Counla 3 Cp 150 4%s 1948 ma STOCKS PUBLIC UTILITY Amer Tel & Tel (9) Gepital Transit .50) _. N & WS B *113! &b &0)']19“ wm: Gn Lt nm (4.50) © o H com® (£38) 2510 Wash Ry & Eiec ol (50 +1ig BANK AND TRUST COMPANY Amer Sec & Tr Oo (8 . 240 Bank of Bethesda (75 c;::m' ‘B ¢ 10.00) v Efbery o e Ko 4.00) Pr Q'orlsl; !k & 'h’ (1.80)" Rigs: (!d (5) " s o Wuhlnlwn (8), - Wash Loan & Trust (e8) lean (18) Piremen’s _(1.40) National Union (.75) TITLE bia (k.30) Colus Real Estate (m6) d 35¢ Dl!d s e k 20. 193 Bocud . "4 Janusry, 1“0. .R’o’o