Evening Star Newspaper, May 15, 1940, Page 17

FINANCIAL. Frachons fo $6 as Domestics Rise U. S. Government Lists Show Few Plus Signs; Losses as High as $1 Bond Averages Rals. tnduu o Fen Neb_change —19 11 —4—11 ‘T'day, close *53.3 101.1 *95.1 *38.0 Prev. day.. 5431010 953 Month ago. 5821029 972 Year ago... 542 09.2' 950 1940 high_. 5991036 875 1940 low ... 53.3 101.0: 95.1 1939 high.. 6491020 975 1939 low-.. 534 958 904 10 Low-Yield Bonds. Close ... *1104 Prev. day 1109 M'nth ago 1123 Year. agolll6 1940 high 1132 1940 low. 110.9 1939 high 1126 1939 low -103.6 * New lows. (Complled by the Assoclated Press.) By the Associated Press. NEW YORK, May 15.—The bond market hammered away at foreign issues from start to finish today, but domestic loans rallied with mild success after heavy morning losses. Foreign recessions ranged from fractions to more than 6 points near the close. Domestic liens gyrated in a range of more than 4 points. A few plus signs dotted the United States. Government lists, but losses, in the majority, ran as high as 1 point. Widest declines in the overseas division were scored by loans of Canada, Denmark, France, Italy, Norway, Belgium and Argentina. Francisco Sugar 6s tumbled 8 in the domestic division and smaller losses appeared for Illinois Central 43,s, International Paper 5s, Inter- national Telephone 5s and Ameri- can & Foreign Power 5s. On the topside were Postal Tele- graph 5s, Studebaker 6s and Frisco . 4%s of "8, Curb Bonds DOMESTIC. Low. Close. Ala Power 4'7-“611, mn.mola 101 108 " 100 PR DS SEZRSITR D% T SB2>923900 2RI, 2238332332 SR - 2 Ti% T2 34 107 41()"’. 4 3012301 o= 11\»- 10813 10012 2 102 104 104 T10315 100 1024, S 1001 “aR1 10014 A OR1; oR s, 07 21001 1007, lnm' 10215 302 10 04 " 04 106% 100% lflfl‘- n Oh E 5155 59 Peow QL&C 3681 Peon 23335287 E 55 56 E Pub Ser N J 6s ctfs Pug Sd_P&L 5izs 49 fus 8 paL ¢ CS Sx»oas SEEEERETERRE & 2 .‘ 51 A S(d CkE I’S lfl :"‘" A d G&E fs 48 a Y 2S5 223 & fin 117% 1 h5 2BIZL2R FEFEE FSAF - e = sEsse F WS Shx32R mo de- {vn Bib 50 () = ith 'Il’l’tl:(l’ "Xy—— ‘nhm;:’ War- St (stp) 8 'imna.hum impaired by matunty, Boston Wool Market BOSTON, (United States D-.unmem of .Xn cultum —A few sales losed on_the Boston market today Tocover - imumediate - needs. ™ Tacerest in rd buying. however, siackened, com. with Mordey ‘and Tuesday = Twelve menths Texas wool brought £3-86 cents. basis. Good combing s, fne territory woois in_‘prietas] | rought X ents. scou: basis. countr{-nck three-eighths and quarter eor Ioe were receiving cents, in the mln 'flll ‘0 108 *en internment camps for women. {Bkiyn uu:u.nag 81 .87 87 (Eastern Daviisht Savine Time.) L .mmm. direcs to The Btar. TREASURY. 1947 _______ 25 1948-60 _____ 2%s81961-63. .. 23%s 1960-52 2%s 1946-47 ., 2% 51948-51 2%s 195560 2%8 1955-60 rg. 381961 66 8%s 1946-49 _ Shs 1949-53 EL T RE 1) . 339 194345 3¥%m 1044-48 3% 1940-43 Jun B3 1941 43 Mar 3%s 1943-47 . B% s 1948-51 8 1944-64 44%m 194753 High. Low. 2:88. 103.181108.16 103.18 102.10 102, 102.10 101.21 102.1 107.1 107, 103.28 103.14 107.12 106,28 105.20 104.19 104.18 104.20 106 26 105.13 . 108.24 109.20 109.16 109.15 110.2 -110.2 110.2 103,23.103.23 103.28 108.1 108.30 108.28 108.28 100.18 100.18 106,18 102.28 102.23 10228 107.28 107.23 i07.23 112,18 112,10 1120 112.21 11201 112,12 118,20 11£.20 118.20 102.10 107.1 103.16 103.28 108.14 103.14 107.4 . 107.12 106.18 108.18 105.8 105.20 104,10 104.19 1041 104.13 108.28 104.18 105.10 105.26 105.18 105,18 108.16 108.23 107.26 107.28 FEDERAL FARM MORTGAGE. 33 1042-47 33 1544-49 338 1944-64 106. 103.16 103.16 103.1% 108, 108, 106.16 106.1# 106.16 HOME OWNERS' LOAN 13%s 1945-47 238 1942-44 5 1944-52 381980 B w1 881980 1 wi abitibl P&P 6s 63 Adriatic Elec 1s 62 Agr Mtg B Col 6s 47 Antioquia 7846 B _. Antwerp s 58 Argentine 4s 72 fed Argentine 4s 72 Apr. Argentine ¢ 4= 48 Argent Australia 66 Brazil 614 s 1926-57 Brazil 61%s 1927-67 _ Brazil C Ry El 78 563 Brazi] Brisbane Brisbane bs 5! Brisbane 6s 60 Budapest 6s 62 - Buenos Afres 3s 84 _ Buenos Alres 4%s 77 Buen Alr 4%s Aug 76 Buen Afr 4%s Apr 76 Buenos Atres 4%s 75 Canada l %8 45 Canada 3% s 61 Canada 4s 6 Canads on 63 Chile 6s 60 Chile 6s 60 assa Chile 6s 61 Jan Chile 6s 61 Feb assd Chile 6s 61 Sept assd Chile 6s 62 assd Chile 6s 63 assd Colombia 6s 61 Jan Colombia 6s 61 Oct Copenhagen ¢%a 58 Copenhagen 6= 62 _ Cordobs Prov 7s 43 __ Costa Rica 7s 51 Cuba 4% 77 Cuba 58 1904-44_. Cuba 5%s ¢ [— Denmark 438 62____ Denmark 638 65__._. Denmark 6s 42 Dominie 1st 53%s a2 Finland 6s 45 . __ French Gov ' T 4! - Ger C A Bk 62180 Oet. Ger Govt 5 %s 65 Ger G 6%s 65 unst__. German Govt 7s 49 Grt C El Jap 6%s 50 Greek G 63 68 pt pd . Hait1 6s 62 Hungary 4%s 79 ext. Italy 78 61 ital P U Cra 7s 53 Japan 5%s 65 Japan 6%s 64 Kreug & Toll 6s 59 ct Lombard El 7s 52 Mexico 4s 64 assd _ Milan 6%s 63 New So Wales bs §' Norway 4s 63 Norway ¢34 » 65 Norway ¢33 Norway 6s 43 Norway 6s ¢4 Orilental Dev 5%s 58 Oriental Dev 63 63 _. Uslo 415 66 Panama 6s 63 st asd Panama 6%s 53 ___ Pernambuco 7s 47.... Peru 1a1.6s60 ______ Peru 24 6s 61 _. Peru 7s 69 ———— Queensiand 6s ¢7_._. Queensiand 78 41.._ Riode Jan 648 63 ... Riode Jan 8346 ... Rio Gr do Sul 65 68 Rio Gr do Sul 7s 67 Rio Gr do Sul 85 46 __ Rome 6148 52 - Eno PauloC 6%s857__ Sso Paulo C 8s 62 Bao Paulo St 78 40 Sao Paulo St 78 58 _. Sao Paulo St 8s 36 Serbs 7s 62 , Serbs 8s 62 Stemens & H 6%s 61 Sydney 6%s 65 Tokyo City 6s 62 Tokyo City 6%s 61 Tokvo £ Lt 6s 63 Un Stl Wk 6%s51 A_ Uruguay cv3%s 79 _ Uru 8% -4-4%sadi 79 Oru ¢-4%-4% 78 Feb Adams Exp 4s 48 Adams Ex 4% ¢6 st Alb & Sus 3846 Alb P W P 6s 48 ww_. Alleg Corp 68 44 . Alleg Corp 6s 49 . Alleg Corp 68 60 std Allled Stores 4% s 50 Allled Stores 4 448 61 Allis-Chaimers 43 52 Am & For Pw bs 2080 Am1GCbb6%s 49 _. AmT& T 65%s 43 Am Wat Wks 6s 75 Anaconda db 434 s 60 Anglo-Chil Nitr db 67 Ann Arbor 4s 95 = %8 A T&SF RMt dv 48 65 At1 &Ch A L bs ¢4 Atl Coast L 18t ¢s 63. At] & Dan 24 At GuIf& W I 5869 Atlantio Refin 3s §3 Aust & Northn 6s 41 B& 0181 48 48 = B&Ocv60sstd B & Q95 A stamped . B & O 95 C stamped _ B & O 96 F stamped B&O 2000 D stpd B&OPLE&W VadsSist B&OS W bUs sta B & O Toledo ¢s 69 Bell Tof Pabs 48 B Bell Tel(Pa)bs 60 C Beth Stael 348 69 F Beth Steel 3148 63 Bos & Me 4% 81 JJ Boston&! %s 61 st Bos & Me bn 56 Boston & Me 63 55 st Bos & Me 6567 Boston & Me 68 67 st BoaN Y A L ¢sb6 100.16 100.16 100.16 103.9 105.28 105.22 105.25 NEW YORK CITY BONDS 103.% 103.9 927w 9N 91% 90% 9214 NN FOREIGN BONDS. High, 1T4% 24'% 70'1 ll‘S‘A 901y 4 47% a7% DOMESTIC BONDS. 104% 104% 104% 108% 1081% 108% 7 11 52% b52% 7% 75 67% 66% 86% 100 100 96% 95% 10 55% 1024 106% 1064 107 108 68% 68y 102% 103% Y 118 115 128 128% 100% 101% 103% 105 46 47y 44% 45“ Bklyn Un Ei 58 | 87% 106 106 Bklyn Un Gas Bkiyn Un Gas " 110% 1104 1104 36 35 85 Bush Term en Bush Ter Blag ClmClhOh.lll - Car & Gen 68 60 5 Celotex 4 %2 47 ww Cent HudG&E 314865 Cent N Eng 4¢3 61 Cent of N J ¢s 87 Cent of NJ gen Cent NJgn6as8?re Cont N Y Pw "% 63 Cent Pac 18t rf ¢ Cent Pacific &s 60 Cent Steel 85 41 _. Cort'd ded 6 4o 43 Cham P&F 4% s ls-zo Ches & O 1%,0 98 ' - C&Omeny¥%ndl __ Ch1 & Alton 3349 _ Ch) R&Q ggp 48 68 Chi B&Q 4448 77 Chi Burl 4 Q 68 71 C BagQ 1l aiv C B&Q 11 aiv Chi & E Ul 6s 61 Chi & E (11 6s 61 ct Ch1 & Erfe 5583 ___ Chi Gr1 West 48 69 Chi Ind & Lou 6 Chi Ind & L gen 6 Chi Ind & So 4s 56 CM&StPgn3%e 89 B Chi Mli & St P 9 CM&SLP ¢4 CM&StP 4% 89 B Chi Mi) & 8t P CMA&StP ad) 6 n Chi&NW gn 4s 87 st_. Chi&NW 4149 2037 _. Chi& NW ev 4% ¢y, Chi&NW gen 68 87 __ Chi&NW rf 6 3037 Chi Rwy 6827 __ Chi R1&P rf 48 34 s . Chi RI&P 1143562 A _. ChIRI&P cv 4148 60_. Chi TH&S rf 65 60 Chi UnSta3%s61 _. Chi Un Sta 3% 63 Ch1 & W Ind cv ¢s 53 Chi& W Ind 4 ¢s 62 Cin Un Term 3%s 69. Cin Un Term 8% 71._ CCC&StL rf 44a 77 Clev E1 111 3% s 65 Clev&Pitts 434842 A. Clev Un Term 6s 73 Clev Un Ter 634n 73 Coal Riv RR 4s 45_ Colo & Ro 4 %= 80 Col G&E 6s 62 Apr . Col G & E 68 62 May Col G & E 63 61 Comw Ed 3%n k8 Consum Pwr 3% » 68 8% 34 374 374 65% 67 107% 107% 97 97 85% 86 107 107 46% 464 13 13 13 13 124 124 105% 106 65 65 40 40% 109% 109% % 72% 105% 105% 103% 103% 108 1044 97 Dfl‘fi 106% Consum Pw 18t 83 €8 107 Consum Pwr 3343 65 Consum Pwr l% 70 Containgr h Cont O] 2%s 48 _ 107 1074 1014 . 101% 104 Cube Northn §%s 43 - DOr& Hue rer ¢a i3 _ Den.& R'Gcon 4836 Den& RG W 6s 65 Den & RG W r? 65 78 Det Edison ¢34 61 Duluth SS&Tt) 68 37 Duquesne Lt 3%s 6§ BTV&Gacnbsbs.. Hlec Auto Lt 4353 Ertecv4sb53 A __ Erlecv 48 63 B..._-. Erelstes9s . Erie gen 45 96 .o Erie ref 63 67 Erfe ref 53 75 Fairbks Morse Fed LI&TT 63 4. Firestone T 3% s 4! Fla EC Rv 4%s 69 Fla E Coast Ry bs 74 Fla EC Ry ba 74 ctfs FtStUnD4%s 41 Francisco Sug 6s 6| Goodrich ¢ %s 66 Grt Nor Ry 3%s 67 Grt Nor Ry 4s Grt Nor Ry 4s 46 H Grt N Ry st 438 61 Grt NR 4349 76 D Grt NRgn4%s 77 B Grt Nor Ry 6878 __ Grt Nor Ry 61863 _ Gulf Sta Stl 4 %8 81__ . Gulf St Uti] 3% 69 Har Riv & P 43 64 Housatonic cn 68 8 Houston U1l 4 n-: Hudson Coal Hud & Man inc 68 67 Hud & Man ref 68 67 111 Bell Tel 3%3 70 B 111 Cent 45 63 {11 Cent 4% s ICC&ST NO ICC&StL NO 6 Indust Rayon ¢ Int R T 1st rt 6i int R T 1st rf 6s 66 ot INtRTTs32ct Interlake Iron 1nt Hydro £ Lat Mer Mar Int Paper 1st 58 11 Int Paper ref ¢s 65 _. Int Ry C A 6%s 47 int T&T ¢ %a 63 (nt T&T 6s 66 James F & C 4 Jones & L St1 Kans C 18&M 4 KCFS&Mrtan Kans City S0 3s 60 Kans City 8o rt bs 60 Kan City Term ¢s 60 Kelth's 6s 46 Kings Co El 45 49 cfs Koppers Co ¢s 61 Laclede Gas 638 63 . Laclede G 6%860 D.. Laclede Gas 65 42 B . LakeS & M S3%s 97 Lautaro Nitrate 76... Leh C&N ¢%8 646 A. Leh C&N ¢%864C .. Leh V Coal 63 43 std_ L V RR con 48 2003 _ L V RR 48 3003 asd LV RR ¢%s L V RR 68 2003 asd Libby MeN&L 48 55.. Ligg & Myers 6s 61 Liquid Carbon 4s ¢7.. 164 15% 108% 106% J92% 104% . 106% -106 Lou Jeft Bidg 48 45 _ L& N 4%s 2003 L& NGb6s2003 B L&N AtI&K C 4s 55 L&ENPM4s4s MeKesson&R 5%n 60 “Me Centras %8 60 . Manati Sugar 43 87 . Manhat Ry 48 90 MBtP&SSM ‘HIM 92 . 9% Ml 91y 31% 83% 823 82% 108t 1081 1084 90 88 89% 98% 97 98y 106% 106% 106% 103% 103% 103% 93 484% 38 , D. C, WEDNESDAY, Hardware Sales Rise [N E W YORK CURB EXCHANGE Mo Pac £ e 4% Mob & Onie 4Lm 77 Mok & Chin fn 28 oh & Chlo 6s 38 ct . Morcong P3G 6b ... Mont Per X% w68 Moni- Tram 58 41 MorrisitEs 3% s 2000 Morris & Es ¢%e 88 Morris & En 6a 5 Mount StT&T 34a68 Mutual Tel bs ¢1 99% 99% 3% 73% 384 89 280 29% a4 8¢ 107 107 101% 101% 6864 86Y% 5l 52w 104 104% 101 101 1004 100% 124 12¢ New Orl T&M 6 N ¥ Central 83 N Y Central 2 t con 4s 99 nt4l4n 2018 A nt rf 6a 2013 L Sh 31598 WKL 4 4n 78 SIL 6%n 74 A Bt 1 6 41 >onn Int 4158 63 onn B8 63 ock 48 61 : dis 3 n 65 D “ata ref 3 s 48 E H&P6a 48 _ AT 45% 494 51 59% 594 45 46n f5Y% BAlg 5% 754 1054 105% 105% 105% 85 55 1068 106% 107 107 1224 122Y% 16 16 2% 2% 16% 15% 28% 28% 16 164 2% 24 + 4% 4y 107% 107% 103% 104% 21% 214 o 9% Bdv Bdw 85 85 4% 4% 107% 108% 108 108 101 102 11% 12 12 12 122 122 1024 103y 1014 101% 103% 104 37% 394 38 18 64 64 42% 42% 45 45 4% au K115 53 106% 108% 4 Ay 105% 105% 105 1051 103'5 1034 101 101 111% 1114 113% 115% 117 117 104' 104% 69 69 57 57 107 107 109% 108% 109% 110% 110 110 107 106% 107 108 - 108 108 125° 124 424 10614 1061 10RY% 108 103 103 9 9 94 100% 100% 1004 106% 10515 106% 1034 1031 103t 82 81 82 BT 86 R6 113% 113 113 964 95 964 Uy 94 94 119 119 119 1004 9915 991 87% 86% 87 106% 108 106 114 114% 1146 621% 625 621 53 58 53 B2 52 B2 60 60 60 108% 1071 108 107 107 107 as EE .54 Q022200222 M e e o ZZZZZZZZZZZZ2Z Q3 33 zz wen 4s 65 _ Woref 4s 92 oens 3348 65 _ esm 34%s 63 W ref 63 37 W zen 6n 40 Ter bs 43 H H L & o3 20ZZZ H ;) Uy 20 ZZZZZZZZZZZZ 3] ok < arg i fl-l Niag Sh 6%s 60 Norf S8outhn 6s &1 Norf Southn Norf & W 1st North Am 3ys North Am 8% s 64 __ North Am 4¢s 69 Nor'n Pae gn 3a 2047 Nor'n P gn 3 !01" 13 Norn Pae Norn Pae O%I 2047 Nor'n Psc s 2047C . Nor'n Pac s 2047 D Nor'n Pac #» 2047 North Sta Pw 3348 €7 Ogden L'C 4 Onio Kaison 3 Ohto EAtson ¢ Okla G&E 43 46 Ont Pwr Niag bs 43 Oreg RR & N 43 48 Oreg Sh Line 58 48 _. Oreg Sh L 68 46 gtd_ Oregon W RR ¢ Otis Stee! 4155 62 “ac Coast s 46 PaoGasa F) 3% 108% 44 105% 1054 1031 101% 111% Penn PEL 4148 74 Penn RR 8% 62 Penn RR 3% 70 Penn RR cn ds. Penn RR ¢4 s 81 Penn RR APenn RR Penn RR gn ¢ Pere Marquetie Pere Mara 4% Pere Marq 68 66 Phelps DoAge 3% n 52 Phila B&W 44881 D *hila Co bs 67 -. 104% 1031 104% Phila Elec 3348 67 . 109% 1084 109% PhilaRC& Ir6s 73 1i% 11% 11% Phila RC & Ir 6s 49 3u Philippine Ry 4537 . 5% Phillips Petrol 3z 48 107 PCCAStL 4%s42B = 106% PCC&StL 4%s 17 964 PCC&StL6s 75 B 104% Pitts C&Ir 4%s 62 99% Pitts&W Va 44869 B 4314 PItt&W Va 4 4560 C Port Gen E1 4% 60 Porto Rico A T 6s 42 Porto R A T'6s 42 st Postal Tel & C s 63 Pub Sve E&G 3% s 68 Pub Sve N I11 3348 63 Purity Baking 6s 48 Reading R 44897 A Rem R'd 4348 56 ww Rem Rand 45 68 xw Republic Stl ¢ %8s 66 Republiec St ¢ 4 80 69% 111% 411% 106% 106 108% 103 Rio G W col ¢s 49 Rutland RR ¢%s a 8t L IM&S R&G 4833 StLIM&SR&G4s33 ct 8t L-San Fr 0 A 8t L-San Fr¢s60ct_. 8t L-San Fr 4348 78 StL-S F 4% 'Ilcatlt 8t L South Wn 68 52 St L S W ref 6s 90 S8t P Un Deprf 6872 San A&A Pa 8an Diego CG&E 4565 Schulco 6%s 46 A stp Schulco 8%s ¢68 B stp Seabd A L 48 60 stp Seabd A L rf 48 69 Seabd A L rf 48369 ct. Senb’d A L con 6s 45 Seabd A L 6a4bct . Beabd A F 65 35 A ot Shel) Un O11 234s 64 Simmons Co 45 63 __ Skelly Ofl 4s 51 __. Socony Vec 3s 64 8o Bell T& T 33 79 Southn Cal G ¢s 65 Southn Cal G ¢%s 61 8o Colo Pwr 6s 47 A So Ry St L div 48 51 8 W Bell Tel 345 84 Spokane Int 58 65 stand OfI NJ 2%s 63 Stand Ol N J 3i Studebaker cv 5 Swift & Co 3% 8 60 Ter RR As StL & Ter RR As StL 68 44 ’l‘mllé‘ofb:z: fs T’!.l ‘orp . - Tex & Pac b1 D Tex&Pao 1st 58 2000 Third ‘Av ref ¢a 60. Third Av adj 6s 60 Tide Wat O) 334863, Tol 8t L&W 43 Trenton G&H 104% 104% 108% 108% 114% 114% % 102Y% 103% lg:fi 1034 lfllfi mm lofls lflflt 1106 IG 'lflt IM 105 10.2% 124 lfl 124 % | 12, 'wnm.cnsul /Win Sal 8B 1st 4860 iton Tri-Contl bs 43 Un-E1(Mo)3%s 63 Unioa O11(Cal)3s 106% 1074 101% 105% 106% 107 107 100% 101% o +*|5 Per Cent Above 1939 in Quarter March Volumes Gain .2 of 1 Per Cent Over Year Ago Epecial Dispateb to The Star. NEW YORK CITY, May 15.— There was & good average gain in sales volume reported for March by independent retail hardware deal- ers in the United States. Compared with February, 1940, volume, the increase averaged 26.4 per cent and there was an average improvement of 02 per cent over sales for March, 1939, These increases, based on reports from 1,861 independent retail hard- ware stores, in 48 States and the District of Columbia, will be an- nounced in the semi-monthly mar- ket summary to be published tomor- row in Hardware Age. Sales for the first quarter or this year, as comrared with the same period in 1939, for the reporting stores showed an average improve- ment of 50 per cent. The 1861 stores reported a total sales volume of $20,262.861 in the period from Jan. 1 to March 31, compared with a total o1 $19,288,521, for the same stores in the first three months of 1939. March, 1840, volume for the 1,861 stores was $7.996,578, the March, 1939, figure being $7,981,689. Sales for the same stores in February of this year totalled $6,323,970. New Aviation Concern Chartered in Virginia By the Associated Press. RICHMOND, Va. May 13.—Con- tinental Aviation & Engineering Corp., with an authorized capitali- zation of $1,000,000 has been grant- ed a charter by the Virginia Corporation Commission. The new corporation, with prin- cipal offices in Richmond, was au- thorized to engage in the design- ing, manufacturing, purchasing and selling of aipcraft and all other types of motor vehicles and engines. The maximum number of shares of stock was fixed at 1,000,000 with a par value of $1 and land holdings were limited by charter to 100,000 acres. Officers were listed as Clarence Reese, Grosse Pointe, Mich., presi- dent; Lewis P. Kalb, Grosse Pointe, executive vice president; Arthur W Wild and James W. Kinnucan, De- troit, and Carl F. Bachle, Grosse Pointe, vice presidents; Harold K. Young, New York, treasurer; Eppa Hunton, 4th, Richmond, secretary, and H. Melvin Parker, Muskegon, Mich., assistant secretary and as- sistant treasurer. Directors are David VanAlstyne and Leslie L. Vivian, New York; Benjamin F. Tobin, jr., Muskegon; James H. Perry, Glencoe, T, and Reese, Kalb and Wild. Conference on Problems Sought by Electric Bond By the Associated Press. NEW YORK, May 15.—Electric Bond & Share Co. reported today its management had informed the Se- curities and Excrange Commission of a desire to work out integration problems by \conrerence to avoid court actions. In reply to a recent S. E. C. order charging the company’s cor- porate structure was unduly com- plicated, Electric Bond & Share contended its relation to subsidi- aries was “exceedingly simple.” Last March, shareholders were re- minded in the company’s quarterly report, Electric Bond & Share was cited by the S. E. C. to show cause why it should not comply with the 1935 Utility Holding Company Act requiring simplication of holding systems. For the three months ended with March, Electric Bond & Share showed a balance of $127,548 for the common stock compared with a deficit of $34,044 in the like 1939 period. Cleveland Park Group Shown Post Office Plans Plans for the new branch Post Office for the Cleveland Park sec- tion, to be erected in the 3400 block of Connecticut avenue N.W. were shown the Cleveland Park Business- men’s Association Monday night at its meeting in the Connecticut ave- nue branch of the City Bank, 3401 Connecticut avenue N.W. Further plans for sponsorship of the Veterans’ of Foreign Wars En- campment by the association were discussed. The encampment will be held June 12, 13 and 14, with a parade on Connecticut avenue June Les Kohler is chairman of the Veterans’ of Foreign Wars commit- tee for the association. PFrank R. Heife is general chairman for the veterans. “Know Your Money,” a motion picture issued by the Secret Service, was shown. Un Pacifie 3%35 70 __ Un Pacifio 3%s 71 Un Pacific 18t 48 47 . Un Pao ref 4s 3008 Un Pac 1st 68 2008 __ United Drug bs 53 U 8 Steel 3% s 48 U4 Stkydsé % sS1ww Utah L&T 6s 44 Wabash 2d 6s il-—.— Wabash . 6% Walker H&S ll‘l 45 104 Walworth 4s 56 59 West Va PEP 3s 64 100 West Penn P3%s 66 109 West Ald 15t 48 63 82 West Md 6%8 77 89 West Pacific5s 46 A 14% West Pac6s 46 Ass 154 w 850 ~ 62% 1 85 68% 63 63 115% 115% 1164 9% 99% 99% 1% 11% 11% 9. 99 99 1061 106% 105% 110% 110% 110% 'Wilson & Co ¢u 56 Wis Cent 1st gn 4s 9 Eesnibe Wis Kl Pw3%s 3. 106% :: :::: oungst'n B&T ¢5 48. 1044 'ulnm‘ll.’l' 1. lflw 106 MAY 15, 1940. hmm“hmw Stock end Dividend Rate. Ad Acme Wire .55e... Aoro Bup A 1.50.. 00. High, Low. 12 3% 2% 2% ar._ %% Als Power pf (1) 20- 06" 95" o6 Alum Co Am (16)26008164% 149 160% Alum Co pf (6) 1508 118% 11234 112 1.17% 17% 17% 6 6 6 % 15 1% Ci et a a 8 5 5 & & 28% % 30% 114 10% 30 3 26% 134 12% 20 % 94 6% 4% Y% 8% Am Box Board _. Am Centrifugal . AmCity P& Lt (A) ww (2.75h) Am City P&L(B) Am Cynam B .60 Am Export Am Fork & H. 59% Hi 3 15% 1 5 L 1 2% . Am Gus & EI 1.60 Am General ___ Am Gen pf (3) Am Hard Rubber Am Lt&Trac 1.30 Am Mfg (.25e) .. Am Maracaibo . Am Pot&C ¢.75g- Am Republics Am Seal-Kap .12¢ Am Superpower Am Superpwr of. Am Superpower 1st pf (6) B59% Ancher Post F'.__ 1 1% Angostura 5 1% 1% Apex Elec (.25e) 3 11% 'll 11 Appal E Ppf (7) 30s 1134 118% 113% Ark Nat Gas 7 1% 1% 1w Ark Nat Gas(A) 1% 1% Ark Nat G pf .60k 6% 7 Art Metal W .15¢ 4% 4y Ashland O&R .40 4% 4 Ass0 GAE (A)(r) & & Assoc G&E pf (r) 1 1% Atl Coast Fish 2% 2% At Rayon (.10e) 5% 5% Atlas (‘orp war & % Atlas Drop F .20e 3 Atlas Plyw 625e. 15% Automat Prod 1 Auto Vot M «.50). Avery & Sons .. Avery (BF) war. Aviation & Trans Axton Fisher A__ Ayshire Patoka._ Babcock & W.20e Baldwin Lo war. Baldw L pf 2.10 Baldwin Rub.50a Barium Stain 8t1 Barl&Seel A 1.20. Bath iron = Beanuit Mitls___. Beech Aircraft Bellanca Afrcraft Bell Alreraft Berk & Gay Fur. Bickfords (.60e) Bickfords pf 2.50 Bliss (E W) Blue Ridge - Blue R cv pf(3h) Blumenthal (8).. Bohack (HC) Borne Scrymser. Bourjols (1g) Bowman B 2d pf Brazilian TrL&P Breeze (‘orp 50g Brewster Aero Bridgp t Machine Brill (A) Brill pt Brillo Mfg (. 80) - Brown Co pf (r) Brown R& W __. Brown For Dist_. Brown Rubber _ Bruce Co (E L) Buckeye P L (2¢) B N&EP pf 1 60 Bunker Hill .50e. Burry Biscuit _. Cable E] Pro vte_ Calif ungsten % 27 Carnegie Met .. Caro P&L pf (6) Caro P&L pf (7) 508 102 102 102 Carrier Corp 3 8w 6% W Carter(JW).15¢ 1 % % % Casco Prod (1e) B 6 7 29 2% 5008 112 90 k] bl £0s 100 999% 108% 103% t St El v pt tStEcvpfn Cent St E 6% pf CentStB1% pt Chamb MW .10e_ Charis Corp .60 Chesebro (4a) Chi Flex 8 (5a).. £hilds pt Cities Service Cittes Service pf. Cities Sve pf (B). Cities Sve BB pr_. CitiesSve P& L pf (6) 13.60k City Auto Stpg.60 Clark Contr .25¢ Claude Neon L Clev Elec 1] (22) Clev Tractor Club Alum Uten Cohn & Rosen.60¢ Colon Develop Col Fuel & | war 11 Coits Pat F A (2) 7508 ColG& Epf (5) 25s Columb U1l & Gas 21 Comwith & 8 war 35 Com P&L Istpt 1258 Compo Shoe (1) 1 Conn Tel & Elec_ 1 Consol Biscuit 4 Cons G&E Bo 3.60 4 Consol Gas Util 10 Cons Retail Strs 2 Cons Royalty .20 11 Cons Stee1 Corp 23 ContiG&B pr pf 7 lDl Cont! Roll & St1 Cook Paint (.60) ll)Ol Cooper Bess 6 Coop-B prpf2.25k Copper Range 500! Cornucopia Gold. 1 1508 5% 4% 4% 50s 111 111 111 4508 66 63% 64 Crocker- Wheeler Croft Brewing Crowley Milner _ Crown Cent Petr CrnCk Int A 50k Crown Drug 0Obe 1 Crown Dpf 175 50s 18% Cuban Atl Sug Co 7 8 % % Cun Presspf 650 10§ 108 108 108 Darby Petroleum 4 8% 8% Dayton Rub .50e. 50s 11% 11% Decca Rec .60 . 5% 4% Dennison (A).... 1% 1% Derby Ot} 1% Det Gasket (.508) Det G&M pf 1.30. Det Gray Lr.0¢a. Det Mich Stove .. Det 8t1 Prod .35e. Diveo Twin Trk_ Dobeckman Domin 8tl & Coal Draper Corp (38) Dubilier Con .07¢ Duke Power .75e.. 116 Duro-Test Duval TexasSul. 8 Bagie Pitch Lead 48 Bast’'n GaskFuel 1 2 10508 17 Eastn QLI‘ (] -l Eastn Gas prpt (1 ll‘ln 1508 Eastern States 1 Eastn Stapf B 1258 Easy W (B) llio 4 Econ'y G 50s. Elec Bcllfl ash . fl’ Eleo B& 8 pf (5) Elec B & 8 pf (8) ‘ 3 EleoP & l.’wn:r 5 : Blectrographic 1. Elgin Nat W .50e 768 25 Emerson Electric 3 Emp G&F ¢% pf. 90s €6 Em G&F 6% % vt 20s Bmp G&F 1% pt 1008 Emp G&F 8% pf. 2008 mn-rmx, l 1 s 2 3 2 3 18 1 2 1 1 2 4 Y PP i o ity Corp. Iflnlfiflp( (l). I'Ill 24% -Baquire (. 60) e 13 3% Falrohild Avia... 19 9% Fatrenild B& A % o 6% W 9915 FINANCIAL. nmmu Rate. Ma oo Falstaff Brew .60 Fanny Farm 1.60 m Fr.asteel Metal 2 1 Fedders Mfg .15 l Fidelio Brew Fla P&L pf 3.9¢k ISOI Ford((an)A(1) Ford Can (B)(1). Zfil Ford Ltd (.16g) - 6 Fox B (1a) . 1508 Froedtert ( 1 Fruehauf T .60s. 14 Gen Alloys 3 Gen Fireprf 25e Gen Invest pf _ Gen Rayon (A) Gen T&R pf A(6) Gilbert (A C) Gilbert pf (3.50). 10s 49 49 49 Glen Alden 126e. 35 7 6% Godchaux (B) _. 1 8 8 Godchaux pf (7). 30s 103 994 Gorham Incpf .. 50s 14% 14 Gorham M 1.50e_. 2 23 23 Grand Rap V .40 4 6% GA&Pnv(5e). T68 97% 96 o‘l G A&P 1st pf (7) 2008 128 125% 125% Grt Nor Pap (1e) 200s 43 42% 42% Greenfield T & D. T % TH Grocery Prod__.. 38 1% 1% 1% Gulf Of) of Pa(1) 19 34% 83%- 83% Gulf 8t Ut pf 6.50 20s 108 108 108 Hall Lamp (.8 2 8% Ham'ermtll .. 3508 \28% Hartford E1 2.75. 25s Hartford Rayon 1 Hat Corp (B).30e 2 6 Hazeltine (3) 3 204 Hearn Dept Strs. 7 2% Hecla Min 10 39 H a Rub .7 1 Helena R(A)(1) 200s Heller pf ww 1.75 508 Hewitt Rub .25 7 Hoe(R)& Co A 6 Hollinger G 65a. 5 Holophane .50e _ 1 Horn & Hard (2) 200s Humble U1 376e 21 Hum'l-Ross 166 17 Huyl Del pt st(r) 2008 Hygrade Food 7 Hygrade SyL626e Ll1inois-1a Power 3% Lli-1a Power pt 24 Lli-1a Pwr divet. 6 Imp Oil Ltd .60a_ 8% Imp Tob Can 40a 9% ind Pipe L 10e 6% 6% Ind'apP&Lpt 6.50 170s 109 1089; 108% Indus Finanpt._ 258 11% 11% InsCoN Am 28 300s 60% Int Hydro El pf._. 6% Int Indust (.10g) 15 Int Pa&Pwr war 3% Int Petroim 1.50 . 13 Int Products .2 4 Int Safety Raz B. Int Utilities (B) . int Vitamn (.30) Interst H Eq 60 Imterst P Del pf Irving Air Ch (1) Ital Superpwr A_ mn. Low. Close. 8 8 20% 3 200s 2 % % H 10s 103% 103% 103% 5% b4 6% '% 508 5 W 3 % 4% 134 W 1% 1 98% 19% 20% Ken-Rad T&L A 50s 4 4 Kennedy s (.65¢) 2 5% 6% Kimb-Cl pf (6). - 10s 112% 112% 112‘;4 Kingston Prod . 18 1 1% Kirby Petroleum 6 2% 2% Kleinert (1g) 1 9 9 Knott Corp 10e _ 3 5% Koppers ot (&) 10s k3 Kreuger Brew 50 12 % Lake Shore M 5ve 20 13% Lakey Fdry & M 6 2% Lane-Wells (1a). 1 Lefcourt Real pf. 1 Lehigh Coai 40 Leonard Of1 4 Le Tourneau (1) 6 Line Material.15¢ 50s Locke Steel 1.20 2508 Lone Star 2ve 19 Long Island Ltg 43 Long isl Lt pf B 3008 La Land&Ex 10e 13 Ludwig-Baupf.. 80s Lynch Corp (2) 508 McCord Rad (B). McWill msUreag Majestic Radio - Manat) Sug war-. Mangel Stores Marion St Shovel Massey-Harris Master Elec 60e 100s 32% 32% Mead John (3a) . 30! 153h 150 150 Memph NG.15e 4 Merr-Chap & S Merr-Ch & S pf A Mesabi iron Metal Textile Mich Bumber _. Mich Sugar Mjd St A 63¢ Mid St B 10e Midland Stl (1e) 2 4 3 2 2 3 s 2% 58 & 2008 8 4 Midwest Ui} 90 _ Midwest P&S .60. Molybdenum .25¢ Monogram Pic Mont Ward A(7) Moody pte pf (3) Mount City C Mount Prod ( 60) Murray (O) 25e 5 Muskegon 35¢ 100s Nat Auto 40e) 1 Nat Belia Hess 3 Nat City L 25e 1 Nat City L pt (3) 100s Nat Cont’ 20e 26 Nat 'Fuei Gas (1) 10 Nat Of] Prod .25¢ 1 Nat P& | of 6) 500s Nat Rubber Mack 10 Nat Sugar Refin 7 Nat Trans (868) 4 Nat Tunnel&Min 5 Nat Union Radio 8 Navarro Oil 40a 3 Nehi Corp'n 2 Nelson Herman 1 NEPA 6% pf(3k) 50s 63 New Haven Clock 1 New [dea (.60) 6 N J Zine (1e) 3508 New Mex & Ariz ¥ New Process .50e i N ¥ Hon R .76 508 NY Merch (.6 3 NYP&Ltpf (6) 40s100 100 100 NY P&L of (7) 10s 108 108 108 NY Shipb'x fd sh % 17 17% NYStE&Gof 6% 9% 99% Niag Hudson Pw 4 4 Niag Hud 1st (5) 83% 83% Niag Hud A war da oh Niag Hud B war 8% Niag S Md B 258 4% Niles-Bem-P 60e 60 Nipissing M % 3% Noma Electric Nor Am Lt & Pwr # # | Nor Am L&AP pf 2258 8 80 80 N A Rayon A 50e 2 17% 15% NIPS 6% pf 1.50k 70s lflO% 100 100": NorthnStaP(A) 15 9% 8% 9% Ohio Brass B60e 50s 21% 21% 21% Ohig Edis pt «6) 255105 105 105 Ohto 011 pt 100s 102% 100 100 Ohio Pwr pf 258 103 103 108 Okll Nat Gas 26¢ 156 16% 16 16 4 A% 62% T 8% 45 Overseas Secur.. Pac Gas8% pf1. Pac Ltg pt (5) Pac Pub 8ve .40_. Pantepeo O Parker Pen (.50e) 100s Parkbg R&R .25¢ 3 Pat Plymouth g. Pender Gr A 3.50 Pender Gr B .60¢ 2 Pennroad 116 Pa Cent Afrlines 28 PennG& E (A) 2 1 Penn P&L pt 16) 608 106 104 104 Penn P&L pf (7) 508 1043% 104% 10414 Pepperell (3e) 768 64 63% 63y Pharis T&R 15e 11 4% 4% 4% Phila Co (.35¢) 1 6 6 6 Phila Elec pf (5)- 10s u:n u:w’um 6 % 95 T4 Phillips Packing Phoenis Becur 84 Phoenix Secur pf 800s 32 31 Plerce Gov (:25e) Ploneer Gold $0 Pitney-Bowes .40 Pitts Forg (.358) 4108 %|P8indsTprpf 5755 88 Dlfldlndllk A“Dfl "High. Low. Ciose. Prudential Inv .. L 6l 6% PbSve Col pf (6) 108107 107 107 Pb 8ve Col pf (7) 10s 112% 112% 112% PbSvo Ind $6 pf 10258 46% 42 46% 831 86 Pub S Ok pl pf(8) 150s 108 101 101 Pug 8435pf 1.35k 25s 70 70 70 Puget 34 PS6pf . 1758 20 18 18 Pug 84 PulpXi25¢ 27 22% 20 21% 9% Quaker Oats (5) 110s 114 1131 114 Quaker Oats pf 6 30s 1484 148} 148% Raym'dConpf3$ 150l 37 Red Bank Ofl 1% Reed Roll B (1a) 5 18 Relianc E&E .25¢ 200s Republic Aviat'n 241 Rheem Mfg (1) Rice Styx DG.50e Richmiond Rad Rome Cable .20, Roosevelt 2l Root Petroleum.. Royal Typ (2e) .. 2008 Russeks Fifth Av 2 Rustless (&8 .15¢ 15 Ryan Consol..... 3 Ryerson H. 2 St Regis Paper__. 97 8t Regis Pap pf. Salt Dome Ofl._.. Schiff Co (1) . 1 | Seovinl (35e) Scullin Steel . Scullin Steel Seral Lock Seiberling Rub Selby Shoe 125 Select Industries Sel Ind al et 5.50 Shattuck-D(.10e) 18 Shawin W& P 90 5 Sher-Will 150e 8508 Shar-Will pf (§) 20 1nm/ Sher-Will of Can 50s 814 Simmons H& P 47 4y Singer Mfz (6) 508 123 Singer Ltd. 154: 1 2y Solar Mfg 1 Sonotene (05e) . 4 Soss Mfg 06256 2 Sonth Coast 5 2 So Penn O11 1.50 2 SCF4ofB160 4 SCEdpfC11375 1 Soutb'n UnGas . 1 So'land Roy 05 1 Sou WPL (5e)_ 508 Spalding Co 1 Spencer Shos 1 Stahl-Mever __ 2 Stand C& S 60e 2 Std C&Revpf 160 2008 Stand Invest pf 100s Stand Of] Ky (1) 12 Stand OO (1) . 19 Stand Pwr & Tit . 12 Stand Prod 50e . 9 Stand St1Sp Kle. 5 Stand Tube (B) . 2 Starrett vte 4 Stein(A)& Co(1) 50s Sterchi Brist (3) 25s Sterchi Br2d pf. 50s Sterline Alnm 4 Sterling Brew 4 Sterling Ine (.20) 4 Stetson (T R) __ 5758 Stroock & Co . 508 Sullivan Mach __ 2 Sunrav O 05e 12 Sup Oflof Cal __. 3 Tagzart 13 Tamna Flee 2 24 2 Technicolor 50e 25 1% 114 Tex P&L Df (1) 708 llmno 110 Texon O11 (.10e) 7 2% 2 2% Thew Shovel 7508 15% 144 15'/. Tilo Roof (.55a) s 11 9 Tol B4 nf (6) 10s 100 100 100 Tonopah Mining 1 & & & Trans-Lux (10e) = 7 1 1 Transwest Ofl 2 2y 24 Tri Cont war 10 & % Tubize Chatillon 20 64 Tubize Chat A 1e 100s 2674 ‘Tung-Sol Lamp 8 2y Tung-Sol L pf 80 4 7 Tavlite ¢ 10e) 38 4w Un Gas(Can).80a 1 10 Un Prem F 8 (1) 9 15% Unit Afre’t P 100 11% Unit Chemical 12 Unit Cgr Whelan United Gas. United Gas war 4.50k (Tnit Lt&Pwr (A) Unit L& P (B) fInit Lt& Pwr pf Unit Milk (1e) Unit Profit Shar Unit Sh M 2 50a Gnit Specialties 118 Fotl (B) 3 U S Graphite 258 50s US&ISpf125k T5s 0§ Lines ot 23 U S Plyw'd 6 U S Plyw pf 1.50 U 8 Radiator U S Rub Reclaim Unit Stores __ Unit Wal) Paper. Univ Corp vte Univ Cooler (A). Univ Pictures _ l Utah idaho Sux Utah P&L of 2%k l75| Utility Equities 1 Utility&Indus pf 2 Vaispar Corp 2 Van Norman 40e 300s Venezuela Petrol 18 Va PubServpf . 20s Waco Atrcraft . Waitt & Bond A Waitt & Bond B Walker Mining Wayne Rnit 1.25g ‘Wellington Ol Wentworth Mfg_ West VaC&C Western Air Exp Westn Md I1st pf 10s Western Tab & S 100s ‘Westmorel'd Coa’ 258 Wey'berg Shoe 5508 Wilson-Jones.25e 4 Wolverine Pt C _ 2 Wolverine T 10 4 Woodley Pet .40 2 Wright Harg.40a 14 4% ¢ In_bankruptcy ov receivership or being reorganized under or 24 3 1% s _oth extra gividends are Dot in extra: d mlfllufl flfldolll lhnhl' n me.l ll’lld Cash stock & Aocumu= d- naid ot lll'.llM l.hll vear rul ww With warrai ™ ithout warrants war Commodity Price Index Declines Slightly - - By the Associated Press. The National Fertilizer Associa- tion’s index of wholesale commodity prices declined slightly last week, touching the lowest point since the first of April. The index receded to 772 per cent of the 1926-28 average, compared with 773 the preceding week, 773 & month ago, and 72.6 a year ago. New York Bank Stocks lqlv 15.- ——llutlng“tllo-