Evening Star Newspaper, May 20, 1940, Page 15

FINANCIAL. Most Bonds Register Gains Ranging fo About 2 Points Few Losses Recorded; Federa! Government Section Higher Bond Averages Ralls, tnddst. Ot Pien. +.1 =T +. 38.0 376 467 61.3 53.5 316 64.0 417 Net change_ T'day, close *51.6100.5 *93.3 Prev.day... 52.0100.4 94.0 Monthago 57.8103.1 97.1 Yearago .. 542 995 955 1940 high.. 59.91036 97.5 1940 low. 5161004 933 1939 high.. 64.91020 975 1939 low... 534 958 90.4 10 Low-Yield Bonds. Close._ *109.8 Prev.day 1103 M'nthago 1125 Yearago.-111.8 1940 high 1132 1940 low. 1103 1939 high112.6 1939 low. 103.6 *New lows. (Compiled by the Associated Press.) By the Associated Press. NEW YORK, May 20.—The bond market felt its way forward today with a wary eye on foreign new Near the end of the sessions gains ranged to around 2 points. ful of losses kept the advance fmm uniformity. Even the foreign list tended u; ward, although severe spills were registered for several French issues. Higher were loans of Italy, Japan.‘ Canada and many South American | countries, United States Governments added | an outside of around !z point. Corporates higher included In- | ternational Telephone 5s and 4!2s.| Puerto Rican American Tobacco | stamped 6s of '42, International Pa- | per 5s, Great Northern 4s of 46 “G.” | Bethlehem Steel 3'2s and Nickel Plate 413s. A hand- | By private wire llnu to The Star. Approximate Trnu:!m Today, Domestis Bond 5,400,000 Foreign Bond: 716,000 U 8 Govt Bonds 240,000 103 20 103 !8 103 20 02.4 101.27 102.4 107. 107, 103.20 103.; 103.23 107.6 25 1948-50._. 2381945 _. 2%51949-| SI_._. 23%s 1950-52 ... 2%s 1945-47 ... 2% s 1948-51____ 106.18 2% s 1951-54... 10523 2%8'1960-66... 104.13 2%s 1955-60. 105.31 38 1951-56 ... 108.22 3%s 1946-49____. 109.17 3148 1949-52_. 110.11 381941 103.28 3% s 1943-45 108.5 3Vs 1944-46 108.30 3% 51941-43 Mar 102.27 8% s 1946-56_ 11217 8 1944-54 _ 112,16 112.14 112.16 4%s1947-52___ 11812 118.12 118,12 FEDERAL FARM MORTGAGE. 351042-47 108.31 103:28 103.31 35 1944-49 1062 106.2 106.2 8345 1944-64 106.18 106.18 106.18 HOME OWNERS' LOAN 2% S 1942-44 103.14 103.14 103.14 $31944-52 105.25 105.23 105.25 NEW YORK CITY BONDS | 381980 B w1, 0% 90% 904 i 381080 1 wi _ 897 891 89% | FOREIGN BONDS. High. Blg 8y 11217 112117 Low. Close. Ria Bly 81 Antioquia 7s 45 A Antioquia 75 45 B _. Antioquia 1st 7s 67 Antwerp s 68 = Argentine 43 72 Feb_ Argentine 4s 72 Apr.. Argentine 4145 48 _, Argentine 4%s 71 Australla 4%s 56._ Australia s 55 | Australia 557 Austria 7s 57 | Belgium 6s 6 Belgium 61¢s 49 Brazil 615 1 Brazil 6168 1927- Brazil C Ry El7s 62_. Brazfl 8s 41 Brisbane 6s 50 Buenos Afres 438 77 Buen Afr 41%.s Aug 76 Buenos Aires 4%s 75 Canada 238 44 Canada 2% | Canada 3s 68 Trimmed & bit were Tllinois Cen- trals 4%s and Pennsylvania General 425 of '65. | Canada 3Y%s 61 Canada 4s 60 Canada os 52 | Chile 6s 60 “Bar Silver Up Fourth of Cent At New York By the Associated Press. NEW YORK, May 20.—-The price of bar silver rose to 35 cents an ounce—up !4 cent—in New York to- day as foreign buyers entered the market. Trade sources said they believed the new orders originated in India | as a result of relaxation of Indian | government trade restrictions. The new level is the highest since last December 26. New York Cotton By the Associated Press. { NEW YORK, May 20.—Cotton fu- i tures today recovered a sizable por- | tion of recent heavy losses. The| _ upturn was due to a scarcity of of-| ferings in the face of an improved | trade and speculative demand. Active professional buying and| short covering, the firmness in stocks and grains helped the advance.| Foreign participation was restricted | by a three-day suspension of trading m‘vaerpuol and was limited mainly to some selling at the opening. Midafternoon prices were 23 to| 29 points higher, except for new | July, which was up 39 at 9.50 on an | early sale. July (old) traded at 9.20; | December, 8.66. Futures closed 2 Old contract December January March Niddiine spot (7a-inch), Nominal. Cottonseed O] Bleachable cottonseed oil futures closed 17 gh 186 contract 0-6.61; October New Orleans_ Prices NEW ORLEANS. May futures gained day on_reporis th were checking German advances prices were steady. 27 to higher. Hick July October ___ December _ January #.—Cotton | bale to- Closing 36 points net Open Low 9.11 011 : 840b Cottonseed oil cibaed stendy: Bieachable prime summer ow. .05b; Drime crude nominal, May. July, 6.01b: Sep- 5005 tember, 6.11b; 6.17b; December, October, Washington Produce| BUTTER—No butier markets on_Satur- dav. Quotation:’ unasaiiable on Monday during_the nths DVESTOK —Calves, - 10%: spring lambs., 11, Other Lvestock brices unavail- | &ble_today. From Agricultural Prices paid net f.0. Washington: EGGS—Market about stea ?alfl for Federal-State Ilfldcd rom erading stations ¢ 8. extras. large, extras, mediums, Standards. large 1 Standards. mediums, 17-18 trades, 14 cents. Bmv\m large, 201342 cents: U. S li 19 cent. U. 8. standards, 20> cents: U. S. standards 7-1R cents: U. 8. trades, 14-17 cents. For n!nrhv ungraded eggs: Current receipts: , 1613 cents. few higher. Mixed col- ors. » cents. few higher. L1VE, POULTRY —Marke: a Colored. all sizes 3 cents: Leghorns, 1 <, R-10 cents. Chicken Broilers and fryers, all_sizes, No. 2s. 14-16 cents. Delaw crosses: Broilers and II’YQYS All sizes, No. 2s. 14-16 Sounds and up. . 15-16 cents, 10-11 cents; hens No. 25, hens and toms. 8-10 ¢ New York Produce NEW YORK. May 20 (P 51.92 ea! Marketing Service, Prices received . R Cents: U._S. U. S. extras, qut steads. O N ce: Rocks and ghorn 17-18 cents. Turkeys: 13 cents: ts. ges (2 days' xed colors: 2: extras, 18; graded 16: mediums, 15%; average checks. orage-packed ~firsts. 17%: current receipts. jgirties, No. 1, 1o iNee: Reaalen of Breminaimuske U Nearby and Midwestern premium 20-201; specials, 19%2: standards, . Resale of exchange to fancy heavier mediums, 17%-19%. ~ Nearby and Mid- western mediums, 16, : Nearby. fancy to extra fancy. Nearby and Midwestern specials, 1915 standards. mediums, 16%. Duck eggs. 3 Butter (2 days ' receipts), gatier, Creamery. higher than extra, 2R: e), firsts 26 (84-87 score), receipts), 377.650: State whole milk fial 1938, unquoted; neld 1939, . 157416 Dres: d poultry irregular: 14-19: 48-53 pounds, nds, _1712-22%. Ol Du 12 181y o score, Seconds 25-26 Cheese (2 days’ gteady o firm. fresh. boxes— 2%a: L Chickens, frvers 20- %a1.°0ld Toosters. 13- 805 irkers. “Northwestern,' young hens, 3115-26; youns toms. 10%-2315: Wi Joung hens. 21-2413: young tom: Bouthwestern. youns hens. 15 toms, 1 foe. poultry ek, by treieht_Foxls colored. ‘le— sefiom. 15, "By exprest— e, crosses. 21 Legho l"'fvv.” et mnump‘:’;“suumem 16 Puilets; Reds. 93-26, sma old Chile 6s 60 as Chile 6s 61 Jan assd . | Chile 6s 61 Febr Chile 65 61 Feb assd . Chile 6s 61 Sent | Chile 6s 61 Sept assd Chile 7s 42 assd Chile Mtg B 6s 61 asd | Chile Mtg B 6s62 asa | Colombia 6s 61 Jan _ Colombia 6= 61 Oct__ Col Mtg Bk 7s 46 Copenhagen 4= 53 Copenhagen 68 52 Cuba 4%s 77 | Denmark 4%s 62 | Denmark 6%s 65 Denmark 63 42 : Dominic 1st 5% s 42__ | French Gov 7s 49 French Gov 7% s 41 Ger Govt 6145 65 Ger G 6%s 65 unst__. German Govt 7s 49 Ger Gov 7s 49 un st__ | Grt C El Jan 7s 44 Irish Free State 5s 60 ttaly 73 51 Ital P U Crd 78 52 Japan 51%s 65 Japan6l%s6¢ ____ Lombard El 7 62____ Mendoza 4554 ____... Milan 6%s62 _ New So Wales 63 67_. Norway 4%s 56 = Oriental Dev 65%s 68 Oriental Dev 6563 __ | Panama 6s 63 stasd Peru 1st 6560 _ Peru 7s 5% Porto Alegre 7%s 66 Queensland 6s 47 Queensland 7s 41_ Rio de Jan 6%s 53 R10Gr do Sul 7s 66 Rio Grdo Sul 7s 67__. Rio Gr do Sul 85 46_. Rome 6158 62 __ Sao Paulo St 7s 40 Shin’su E P 615 52 Sydney 515 55 Tokyo City 53%s 61_ Tokyo El Lt 6563 _ Uruguay cv 3%s 79 Uru 3% -4-4%s ad1 79 Uru 4-4%-4 % 78 Feb._ Yokohama 6s €1 __ DOMESTIC BONDS. Adams Ex ¢%s 46 st. 108% 108% Alleg Corp 6s 44 75 75 Alleg Corp 68 49 63 63 Alleg Corp 6s 60 sta 32% 32 Allis-Chalmers 4552 107% 107 Am & For Pw 632030 53% 63% Am1GChb¥%s49___ 102% 102 Am Intl 538 49 997 99% AmT & T 3%s 61___. 105% 105% | Am T & T 3% s 66____ 105% 105% AmT&T6%s43 ___ 1060k 1068 Am Type Fdrs cv 50_. 104 Anaconda db 438 60 103 Anglo-Chil Nitr db 67 36 Armour(Del)1st48 65 98 Armour(Del)4s 67 .__ 98 AT&SFe 431905-55__ 9214 92% A T&S Fe 45 60 - 9% 95% AT&S Feadj4s95st 83 83 A T&S Fe gen ¢s 95 102% 101% AT&SFed%sas ___ 102 101% Atl&Ch A Lbs44__. 95 95 AtiCoast L 1st 45 63_ 654 654 At & Dan 1st 4s48__. 33 331 Atl&Dan2d4s48___ 28 28 A taatsmannasss 103% 103% Auburn Auto 4%s39_ 50 50 B&OIst4s 60% 60 B & O 1st 48sstd 59% 59 B & O cv 60s sta 9 8% 19% 181 204 20 19% 18% 19 18% 50 50, 38 37% 57 57 1131 112% 130 130 10114 101 106% 105% 454 454 4% 4L 45% 45 42 40% 46 454% 41% 40% 106% 106% 851 85 841 841 111% 111% 88 85 112% 112 B & O 96 F stamped._. B&O 2000 D stpd B&OPLE&WVa4s5ist B&OSW6E0sstd___. Bang & Ar cv 43 51 st Bell Tof Pa6s 48 B. Bell Tel(Pa)bs 60 C. Beth Steel 8% s 59 Beth Steel 3148 63 Bos & Me 4¥%s 81 JJ Boston&Me 4%s 61 st Bos & Me bs 66 Boston & Me 5s 65 st_ Boa & Me bs 67 Boston & Me 5s 67 st Bklyn Ed cn 338 66_ Bklyn Man 4 %s 66 ct Bklyn Un E] 6s 60 ct. Bklyn Un Gas 6s 45__ Bklyn Un Gas 68 50 _ Bklyn Un G rf 6s 47 { Buf Roch & P 67 std_ Bush Ter Bldg 68 60. Canadian NR 4¢%s 61. Can NR4%s66 .. Can NR 4 | | (IS Can NR 4%865 . Can NR 6s 69 July._.. Can NR 6s 69 Oct.... Can NR6S70 . Can Nor 6%s 46 .__._ Can Pac 4%s 46 Can Pac 4%s 60 Can Pac bs 44 Caro Cl & Oh 6s 6. Car & Gen 68 60 . .. Cent of Ga cn 63 45_... Cent of Ga 5%s 59 Cent N Eng 4s 61 Cent N Y Pw %863 Cent Pao 1st rf 48 49_ Cent Pacific 6a 60 Cert'd deb 6%s 48 Champ Pa ¢%s 38-60 Ches & Ohlo 3%4s 63 F @ol &03%s96D__ Ogendélyn93___. CM & Alton 3849 Cht B&Q gen 43 68 CB&Q 111 div3%s 49 C B&Q 111 div 48 Chi & E L1l bs —— Chi & E Il bs 51 ct... 44 M 106% 106 106% 64 64 64 38% 3T% 37k 69 67% 6T% 102% 102% 102% 1045 104% 104% 96% 96% 964 122% 122 122 10 9 B4y B4y ds. Toosters, 1%, - Turks toms, 14. 1% 11k 11% Chi & E I11 65 34_.__. 120% 120% 120% 222227 THE EVENING STAR, WASHINGTO Chi Grt West 4 ChiInd & L gen ChiMIN&StP4sss.. CMAStP ¢%889C. .. Chi M&St P 4%s 89 Chi M1l & 8t P 5. Chi&NW gn 3%s87rg Chi & NW gen 4s 8 Chi&NW 4148 2037 Chi&NW ¢%s 2037 L. Chi& NW cv 4% s ¢y Chi&NW gen 6587 .__ Chi&NW rf 63 2037._ Chi RIEPrf 484 .. Chi RI&P gen 4888 _ Chi RI&P gn ¢s 88 ct. Chi RI&P 44862 A__ Chi TH&S ino 6s 60 Chi Un Sta 3% Chi & W Ind ov ¢s 63 Chi& W (nd 4} 63._. CCCASLL rf 4148 17 CCC&StLStL dv ¢s90 Cluv Un Ter 4¥s 'I.. Term Cololloflfillb - Col G & E 68 52 May.. ColG&Ebs61 ___ Colum RP&L ¢s 65.... Comw Ed 834s 58 Comw Ed 3%s Conn R Pw 3% 61_ ConsEdN Y 3%s 46 Cons E NY db 33,s 48 Cons EAN Y 3%s 66 Consol 1) 168 K1 Consol O11 31%s 51 cld Consum Pwr 3% Consum Pw 3% 69 Consum Pwr 3%s 65 Consum Pwr 3%s 70 Contl Of) 2% s ¢8 Crucible Steel ¢ %. Cubs Northn 618 43. Cuba R 1st 65 62 Del & Hua ret Del P&L 4%s 71 Den & R G con 4s 36, Den& R G 4%s 3 Den& RG W rf 6s 78 Det Edison 4%s 61 _. Dugquesne Lt 3345 65. ‘Elec Auto Lt 4s 62, Erfecv 4s 63 A. Erie gen 4s 6 Erie ref Erie ref 6s 76 Fairbks Morse 48 66 Firestone T 3148 48 Fla E Coast Ry 5s 74. Fonda J&G 4s 82ct _. Francisco Sug 6s 66 Gen Cable 638 ¢7 Gen St1 Cast 648 49_. Goodrich ¢ %866 __. Grt Nor Ry 4346 G__. Grt Nor Ry 4s 46 H _ Grt N Ry 1st 4%8 61_ Grt NR 434876 D ___ Grt NRgn4%s 7B Grt Nor Ry 6873 ___. Grt Nor Ry 6% 62_. Gulf Sta Stl 438 61 HarRIV&P4sb4 __. Housatonic cn 6s 37 Houston 011 4% 64 Hudson Coal 68 62 A_ Hud & Man inc bs 67_ Hud & Man ref 68 57 111 Bell Tel 335 70 B. U1 Cent ¢s 63 - 111 Cent ref ¢s 85____. 111 Cent 4% s 66 . 011 Cent ref 63 65 ___. ICC&ST NO ¢33 63__ ICC&StL NO b5 63 A Indust Rayon 4 %s 4% Inspir'n Cop 1st 4s 52 Int RT Istrt bs 65 ct Int RT 7832 ct interlake Iron s 47 Int Grt Nor 63 66 B__. Int Grt-Nor 5566 C_ _. Int Grt Nor 1st s 63 Int Grt Nor ady'6s 52. tnt Hydro E1 int Mer Mar Int Paper 1st 68 ¢7___ Int Paper ref 68 65___ Int RyCA 6%s 47___ "Int T&T 4%s 63 Int T&T 6866 __ Jones & L Stl ¢%s il Kans City 8o rf 6s 50 Kan City Term 43 60. Keith's 63 46__ Koppers Co ¢s Laclede Gas bs 3 Laclede Gas 63 43 Laciede Gas 6145 63 Laclede Gas 65 42 A. Laclede Gas 6s 42 B. LakeS& M S 3%s 97. Lautaro Nitrate 76... Leh C&N ¢%864 A__. LV RR 432003 asd __ LV RR 4s2003asdrp L V RR cn 41,3 2003 LV RR 4%8 2003 asd Ligg & Myers = Liquid Carbon 4s 47 Lone Star G 3%s 63 Long Dock 3%s 50.. Long 1sid ref 43 49__. L& N ¢%82003 L&NPM4sds L&N So Mon 1t 48 52 | MeKesson&R 5% 50. Me Cent RR 4546 __. Manati Sugar 4s §7._ Msnhat Ry 43 90__... Manhat Ry 4890 ct__. Mead Corp 4%s Metrop Kd 4 %3 68 Met West Side 45 38._. Mich Cons Gas 4s 63. Mil Spa & NW s 47_. Minn & St L 6s 34 ct_. MStP&SSM bs 38 gtd. MStP&SSM 645 49, Mo K & T 1st 48 90._. Mo K&T 68 62 A Mo K&T ad) bs 67. Mo Pac 48 76 Mo Pac 6881 ) aee . Mo Pac 6% 49._. Mob & Ohio 4¢%s [ Mob & Ohio 6s 38 Mob & Ohio 6338 ct__ Monong P S 4%s 60 Mont Pwr 3% 66 __. Morris & Es ¢ %s 85 Mount StT&T 3% 868 Nassau El ¢s 61 ctfs._ Nat Dairy 3%s 51 ww Nat Distill 31,8 49 New Jer-P&L 4148 60 New Orl PS6362 A_. New Orl PS6s66 B. New OriT&M 4566 New Url T&M 6348 64 N Y Central 3% s63._ N Y Central 838 97__ N Y Central 3% s ¢6.. Y Central ¢s 42 hi & St L 48 46 'h1&StL 6148 78. StL 6% A onn 1st 4148 63. ogno 2222222222222 @ Mg g i R a4 mm & W Ter bs 43__. Tel 33%s 67 NYW&B Nort Southn 6s ll ct. Nortf & W 1st ¢s 96__. North Am 3%4s 0’_ North Am 8% s 64.__. North Am ¢s69 .___. Nor'n Pac gn 35 2047. Nor'n Pac ¢s 97 Nor'n Pac ¢ %s !0" Nor'n Pao 68 2047 0— Nor'n Pas 8s 20 North Sta Pw $4s Ogden LC4s4s_____ Onio Edison 3% s 3. Ohio Edison ¢s 65 Okla G&E 3% s Okla G&B 48 46 Ont Pwr Niag 58 43_. Oreg Sh L bs ¢ Oregon W RR ¢s 61.. Pac Gas & E) 3% PacGa&EI%s61._. PacG& Benés Panhand BT ¢s 63 Par Broadwy ot Param't Pio 3%s 41... 103 101% 107% 111% 107% 108 103% 105 1023 101% 107% 1074 112% 111% 107% 107% 108 108 108% 103% 105% 105 103% 103% 108% 102% 102% 102% 10243 1024 10243 105% 104% 104% 105% 105% 105% 105% 105% 105% 107 - 106% 107 105% 105% 105% 1024% 102% 1024 25 25 25 33 33 33 46 4%y 103 108 108 6% 6% 4% 108 106% 105 16w 211 10 10 106% 103% 5 594 59% 100% 100% 951 9l 26% 29% 934 534 106 50! 106 122% 122% 14% 25% 51% 49% b50% 107% 1074% 107% 4% 4% 4% 104% 104% 104% 106% 105% 105% 107% 107% 107% 104 104 104 994 99% 994 116% llfl 118% 104% 104% 104% 107% 107% 107% 109 108% 108% 110% 110% 110% 104 104 104 45 45 45 85 3 84 84 High. Low. Close. 100% 100 100% 93 93 93 % PennCods €3 ... Penn DixieC s 41 A Penn O&D ¢%8 17.... Pera P&L 3% Penn P&L 4348 T4 Penn RR 34063 . Penn RR8%s 10 Penn RR s 43 ... Penn RR ¢s 48 Ponn RR ¢4 £3 108% 108% 108% 114 114 114 92% 91% 92 92% 91 91 118 117% 117% 98 97 9% 86% 84% 844 104% 104 104 ll: 114 114 Penn RR db ¢3%8 70 Pean RR gen 68 68 __ Peonles GL&C s 47._. Peoria & B inc 0. Pere Mara ¢14s Phelps Dodge %= 62 108 107% 108 Phila B&W 434877 C. 109% 109% 109% ThilaCobs 67 .___ 104% 104% 104% Phila Elec 8348 67 __ 108% 108% 108% Phila RC& Ir6s 73 10% 10% 10% Phillips Petrol 3s 48 105% 105% 105% 95 95 95 PCCA&StL 0%' ". - 108% 103% 103% Pitt&W Vi C%ICI A. 40 40 40 Port Gen E) 4%3860 _ 70 68% 68% Porto Rico A T s 43_ T6% 73% T5% T6% 754 T5% 17% 17% 17% 1 107 Purity Raking IGI R-K-O 6s 41 stpd_.. Reading Jer C 4s 61 Republic Stl 4148 61 Revere Cop 4% s 56__. R1A&GLé%a34 StL PEANWSs 48 ___ St L-San Fr4s 60 A_. St L-San Frés60ct.. St L-San Fré%s 78 _ StL-SF44%s78ctst St L-San F' 63 60 B. .. StLS W 1s 39 St L South Wn ll’- StPKSL4%s¢l __ San AZA Pass 43 43 8an Diego CG&E 4s65 Schulco 618 46 A stp Seabd A L ¢s 50 stp _ Seab’'d A L con 6s ¢5... Seabd ALBsd¢bet __. Shell Un O11 2%s 64_. Simmons Co 48 63._... Skelly O11 4861 ____. SoBell T& T3s79 __ 8o Colo Pwr 65 47 A_. So Natl G ¢ % So Pac 3% ¢ So Pac ref ¢s il-.—.-. So Pac ¢ ks So Pac ¢%s ‘)__...— 10243 6 184% % 9 So Ry gen 65 66 _ Stand Ol N J 2% 63 Stand O1I NJ 3s61._. Studebaker cv 63 45.. Swift & Co3%s 560 . Texas Corp3s 69 Texas Corp 3343 61._ Texas & Pac6s 77 B.. Tex&Pac Third Avad)6s 60 Tide Wat Ot 3338 63 ‘Tri-Contl 65 43 -- Union O1l(Cal)3s 69._. Un Pacifia %8 70___. Un Pacifio 3%8 71 __. Un Pacific 18t ¢s 47... Un Pac ref 43 2008___ United Drug 6s 63 U S Steel 3% 43 Utah L&T b8 44 Utab Pwr & Lt b5 ¢4. VAEI&P3%s63B__ Va Ry Ist3%s 66.___. Wabash ¢%4878C__. 2068389 6380 D. %8 75. Walker H&ES 434w ¢5_ Walworth 4s 65 .. Walworth 6s 55 Warner Bros 6s Warren Bros cy 6s ¢1 Westcht L gn 343 67 Westchester L 55 50 . West Penn P 3%s 6 West Va P&P 3s 64... Jnion ¢%8 60 t Union 68 61 West Union 68 60 Wheel Steel 443 66. Wilkes B&E 63 42__ Wilson & Co 3%s 47, Wilson & Co 43 65 Wis Cent 18t gn 45 49 WisCS&D T ¢s36__. Wis El Pw 3%35 68 Wis Pub Sve ¢s 61 Youngst'n S&T 45 43 Youngst'n S&T 1074w 108% 102% 102% 101 101} Newspaper Advertising Up 4.9 Per Cent Special Dispatch to The Star. CHICAGO, May 20.—Retail news- paper advertising volume in " 80 major cities totaled 22,293,273 lines during the week ended May 11, ac- cording to a report today by Adver- tising Age, national newspaper. This is an increase of more than a million lines or 4.9 per cent, over the 21,254,435 lines carried by news- papers in the same 80 cities during the corresponding week of 1939, Ad- vertising Age says. Short-Term Securities (Reported by Smith, Btrne?slgz Co.) Offer. Ala Gt South “A" 5s 43 _ 110% Alleghany Corp cv bs 44__ 7 7 Amer Tel & Tel 5las 43 _ 106% Austin & Northwestern 55 41 8 Central Foundry 6s 41 Central R R of Georaia 5+ 43 Chicago Union Station 45 44 Childs Co_Hs 43 Colorado Fuel & Iron 5s 43 Conn & Passump R RR 4s 43 Container Corp 5s 43 Gubs Noriharo, Anrs 5128 42 & son 45 43 F‘ederll Lt & Tl’lnllnn 55 42 r Rap & Indiana 4%s 41 St vads-Erectrie os 34 Int] Mercantile Marine 6s 41 Laclede Gas Light 55 B Weetern g. 41 Pennsylvania Co 3%s Penn-Dixie Cement g5 41 Penna R R Co 5 Peaples Gas L, 5 mn -t 113% Phila. Balt & Wash 4; % P 111% er_Corp, 68 ex Oricans, B 43 ot Cant B 43 ower & Light 55 44 6s = Western N Y & Pa 45 43 New York Sugar NEW YORK. May 20 covering and new sugar futures today and prices moved up 1 to 4 points. July traded st 1.31; De- cembfl 1.30. ‘Domestic futures drifted low pro- ducer selling and” profit lz'ekr'::'o'n nhugg“z t sup} .:;l’:‘:cdovn lp& 3 points; May, 1.87; July. Waw susar was slightly easier. An astern _refiner M\Ishl 5,000 blll of fwuem Rico Taws due today at® 2.78 nts. Cubas for June llflnment ‘were Dfl.l'fld :l 2.92 ngflu °fl“ . dllt."flfld basis. repor hi.\‘ly xood C!ne ref tinued to quote 4.50 TFutures Nu 3 closed 2-4 lower. Sales, 3,650 tons. (. —Speculative Baltimore Stocks Special Dispatch to The Star, advertising { buying steadied worldy D. C, In Postal Telegraph Cable Business Traffic Between U. S. And South America Draws Attention * By the Assoctated Press. PITTSBURGH, May 20—Edwin F. Chinlund, president of Postal Telegraph, said today an increase in telegraphic communication be- tween the United States and South America showed the businessmen of this country were trying to cap- ture new markets to replace ones lost in Europe. Here on an inspection tour, Chin- lund said his' company was han- dling 25 per cent more cable traffic than normally, and added: * “Censorship restrictions against the use of code in cable messages is Increasing the wordages and has tended to raise our revenue. In addition to the heavier volume of foreign traffic, we must also deal with sudden and extreme fluctua- tions in the day-to-day transmis- sion of intelligence.” The recent $5.000,000 loan grant- ed Postal by the Reconstruction Finance Corp., he said, will enable the firm to ‘“consolidate and strengthen” its position. He dis- counted rumors of a merger with ‘Western Union, saying: “We are not thinking about mer- | gers, but bending all our efforts to| | giving service.” | American Crystal Sugar Repons Higher Net By the Associated Press. NEW YORK, May 20.—American | { Crystal Sugar Co. and wholly owned | subsidiaries today reported net| profit for the year ended March 31 of $1057,058, equal after preferred | dividend requirements to $1.84 al common share, compared with $454,- 674, or 19 cents on common, in the | preceding year. The company, big | beet sugar producer, has factories in | the Far West. New ?«:rk Eank :‘»;)cks Sink to New Low NEW YORK, May 20—In sym- pathy with securities in general, New York City bank stocks plunged to new low levels during the last| week, closing Friday at the lowest| point reached since April 28 last year, according to records compiled by Hoit, Rose & Troster. The aggregate market value of | 16 leading issues on Friday, May 17. was $1,333,595,000 (new 1940 low), compared with $1,517,172,000 at the close of the previous week, a de- crease of $183,578,000, or 12.10 per cent. Chicago Stock Market CHICAGO, May 20 (#.—Following is the complefe list_of transactions on the Chi- gago Sock Exchange today High. Low. Close. 100 Abbot. Lab 1 w s 4;"- c 60 Am Tel e Tel 550 Armour ‘& Co 50 Aro Equip 700 Aviation Cors "_- 100 Burd: piston” Ring 400 Butler Bj 30 Gen 1l Fub Sve pf 100Cen & S W. 0 Chi Corp of 0 Chrysler Corp_ 200 Club _ Alum 4650 Com'with Edis_ 350 Cons_ Oil % 110 Container _ Corp 15 Steel 0 Goldblatt 0 Goodvear T & R 0 Gossard (H_W), 500 Gt Lakes Dredge 100 Helleman (G) Bre 50 Houd-Her B._ ug 150 Kellogg Switch 10 Kellogg Switch pf 30 Lincoln Print pf 50 Nat Pres Cooker_ 900 Nat Rep Inv pf_ 50 Noblitt-Sparks 2 0 Nor Il Finante_. 80 No West Ut pl 300 Peabody Coal pf- 109 Penn R 80 Booples Gas L & C 800 Pines Winter. 120 Sugker Oate 200 Rollins-Hos _. 50 Sangamo El_ 50 Schwitzer Cumm_ tein nmsmun( Brew___ Ezew:n-Wnn 150 Utah Radio _ 100 Util & Ind pf. 20 Viking Pump._ el 100 Yates-Amer Mach 100 Zenith 10% 10 Stock sales today, 35,000 shares. Chicago Produce HICAGO, May 20 (P.—Poultry. live. trucks: 'Leghorn hens and broilers LT steady; hens over 5 pounds, s g “lnd fflnder ldfl%: dldslol'o'l;{l hens, 13;_broilers. pounds an N Joh Piymouth Rock, 22: White Rocl 4 pounds. colored. 2: Plymnnm ‘Rodk, 24%5" : White Rocks, bareback ~chickens, 18-21: Leghorn roosters, 10%; ducks, 4 up. colored. 14: white. e, 91, 1!/;' 90 centralized carlots, "6% ‘Eags, 44.015; steady: fresh sraded. i local, i6%s: current receipts, 3V checks, 3 supplies moderate, demand ss Triymphs. Alabama, 2.20-30 _m sfonal ¢ stock ofleflnu MONDAY, MAY 20, 1940 BONDS ON N. Y. STOCK EXCHANGE |Big Gain Reported FINANCIAL. NEW YORK CURB MARKET By orivate wire direct to The Star. Stock and Bales— Dividend Rate. Add 00. High. Low. Clm Acme Wire .55e._. Aero Sup B .20g... Ainsworth .252__. Alr Assoc' (.50)-. 10s 9 1 1 1 2 Ala Gt Sou(8g)__ Ala Power pf (6) 10s Allied Prod (1) .. 2008 Alum Co Am (2e) 95¢ Alum Co of (6) . 15 Alum Indus.15e. 1608 Alum Ltd (3e)_.. 100s Am Book (4) ... 40s Am Box Board _. 2 Am City P&L(B). Am Cynam B 60_ Am Export .50e Am Fork & H.70e 3 Am Gas & El 1.60 Am Gen pf (2) Am Laund M .80a Am Lt&Trac 1.20 Am Mfg (.25e)__. Am Maracaibo_.. Am Republics___. Am Superpower... Am Superpwr pf_ Am Superpower 1stpf (6) .. . Am Thread of .25 Appal EP pf (7). Ark Nat Gas Ark Nat Gas(A) Ark Nat G pf .60k Art Metal W .15e_ Ashland O&R .40. Asso G & Elec(r) Asso G&E (A)(r) Assoc G&E pf (r) Atl Coast Fish___ Atl Coast L (1g) - Atl Rayon (.10e). Atlas Corp war Auto Vot M (.50). Aviation & Trans Axton Fisher A Ayshire Patoka._. Babcock & W.20e. Baldwin Lo war_. Bardstown Dist__ Basic Dol .125 Bath Lron = Beech Afrcraft _ Bellanca Aircraft Bell Atreraft __ Berk & Gay Fur.. Bliss (E(W) _ Blue Ridge ____ | Bohack (HC) - Bohack (H C)1st_ Bourjols (1g) Brazilian TrL&P Breeze Corp 60g Brewster Aero _ | Bridgp't Machine Brill (A Brill pt Brown F & W Rrown For Dist_. Brown For D pf Buckeye P L (2e) B N&EP pf 1.60 Bunker Hill .50e_ Burry Biscuit___ Callite Tungsten Can Col Afrways. Can Mar W .04 Carib Syndicat Carnation (1a) Carnegie Met._. Carrier Corp Carter(JW).15e_ Catlin (Am)____ Celan pte pf (Ta) Cent HG&E (.80) Cent NY Pw nf 6 Cent Oh St .30e Cent & Sown Util Chesebro (4a) .. Childspt Cities Service Cities Service pf_ Cities Sve pf (B) Cities Svo BB pt City Auto Stpg.60 Clark Contr .25e Clev Elec 11 (2a) Clev Tractor 4 Col Fuel & | war 5 Colts Pat F A (2) 350s Col G & E pf (5) 100s Columb Ol & Gas 9 Com P&L 1stpf 255 Comt'y P S 1.30a. 100s Conn Tel & Elec 4 Cons GEE Bo3.60 1 Cons Steel Corp 6 ContlG&E prpf 7 60s Contl Roll & Stl. Cooper-Bess Coop-B prpf Copper Rang Cor & R pf A.75k 10s Cosden Petrolm. Cosden Petr pf__. Creole Petr 50a . Crocker-Wheeler Crown Cent Petr. Crn Ck Int A .50k Crown Drug 05e Cuban Atl Sug Co Darby Petroleum Derby Ofl Det Gray Ir .04a Det Stl Prod .25e Diam'd Shoe (2) _ Diveo Twin Trk Draper Corp (3a) Duke Power .75e. Duro-Test : Duval Tex S .25e_ Eagle Pitch Lead East’'n Gas&Fuel Eastn G&F 6 ot Eastn Gas & Fuel pr pt (1.125k)) Elec Bond & Sh__ Elec B & S pf (5) Elec B & S nf (6) Emerson Electric Emp G&F 6% pt Em G&F 614 % pt Emp G&F 7% pf Emp G&F 8% pf- Equity cv pf (3)- Esquire (.60) .___ Fairchild Avia... Fairchild E& A - Fanny Farm 1.50 Fansteel Metal Fedders Mfg .15¢ Fidelio Brew Fire As Phila 2a Fla P&L pf 3.94k Ford(Can)A(1) Ford Can (B)(1)- Ford Ltd (.16g) . Froedt cv pf 1.20 Gen El Ltd (.678) Gen Fireprf .25e Gen T&R pf A(6) Gilbert pf (3.50)_ Glen Alden .125e. Godchaux (B) Gorham Inc pf Gorham M 1.50e._. Gray Mfg GA&Pnv (5e). Greenfield T & D Gulf Of) of Pa(1) Gulf St Ut pf 5.50 Hall Lamp (.60e) Ham'ermill .25 Earv'd Brew .05e Hearn Dept Strs. Hecla Min .20e Helena Rub .75e Hewitt Rub .25e Heyden Chem (3) Humble Oi} 375 Hum'l-Ross .15e Hygrade Syl.625e Illtnois-1a Power 111-1a Power pf _ fll-1a Pwr divet. Imp Oil Ltd .60a Ind Pipe L 10e__. 508 50s 285 Int Indust (.10g) Int Pa&Pwr war. Int Petrolm 1.50. Int Utilities pf Int Vitamtn «.30) Interst HM .50e. Interst P Del pt. Irving Air Ch (1) Jacobs Co Jeanette Glas: Jer CP&L pf (6). Jones & Lau Stl_ Lake Sh M (le) Lakey Fdry & M_ Lehigh Coal. Leonara Ofl Le Tourneau (1) Line Matorial.15e 50s Locke Steel 1.20. 300s Lone Star .20e Long island Lt La Land&Ex .10e McW1ilI'maDredg Manat} Sug war.. Mangel Stores. Massey-Harri: Master Elec Mead John (3a) 82 6 1 20 1 3 4501 s 1208 16% 16% 6 5% 4% 4% 114 11% 2% 24 16% 5% 4% 1% 2% & 70 85 4 | Pennroad « | Pb Sve Col pt (6) 714 | Seiberling Rub Stock and Bales— Merr-Chap & 8. Mesabi fron Mich Bumber__. Mich Steel .30e. Mich Sugar Mid St Petr A .63¢ 1 Mid St Pet B .10e 2 Miard O cvpf.60k 50s Mid-West Abras.. Mi4 West Corp. Midwest U119 MinnM&S Mo Publie Sve... Molybdenum 25e Monarch M 50e.. Monogram Pl _. Mont Ward A(7). Mount City C.___ Mount'Sta P (1e) Nat Auto(.40e) . Nat Bella Hess__ Nat City L .25e. Nat Cont (.45e)_. Nat Fuel Gas (1). Nat O1l Prod .25e. Nat P& L ot (6) Nat Rubber Mach Nat Sugar Refin_. Nat Tea pf - Nat Tranp't .50e_ Nat Tunnel&Min. Nat Union Radio. Navarro Oil .40a_ Nehi Corp'n_____ N Eng T&T 1.75¢ New Haven Clock New Idea (.60) N J Zine (1e) .. N Y Hon R .75e NY P&L pf (7) Niag Hudson Pw. Niag Hud B war_ Niag S Md B .25g Niles-Bem-P .50e Nor Am L&P pt N A Rayon A .50e NIPS 6% pt 1.50k 10s North'n Sta P (A) 1 Novadel-Ag (2)._. 2 Ohic Ofl pf (6) .. Ohio Pwr pt (6) Okla Nat Gas .25e Oldetyme Dist Paoc Gas6%pf1.60 Pantepec Ofl Paramount Mot _. Parkbg R&R .25e Pat Plymouth 6g 2 - 5 150s 7 3 7 29 Pa-Cent Afrlines Penn P&L pf (6) Penn P&L pf (7} Pepperel] (3e) Perfect Cir (2) Phoenix Secur Pioneer Gold .40 Pitney-Bowes .40 Pitts Forg (.25e) | Pitts & LE (2e) | Pitts Plate G(ze) | Pleasant VW 05e Potrero Sugar Press Metals 50e | Producers Corp Pb Sve Ind $6 pf | PS (na 87 prpt 508 | Pb Sve Col pf (7) | Pug Sd $5pf 1 25k 1505 Pug Sd Pulp 1. 9 Pyrene (.20e) __ 1 Quaker Oats (5) Raymd Concrete Red Bank Oil | Reiter Foster Relianc E&E 25e Republic Aviatn | Richmond Raa Rio Gr G vtc Roch G&E pf D 6 Rome Cable 20e Rustless [&S .158 RyersonH______ St Regis Paper. | Salt Dome Ol | Scovill (.25e) Scranton L(.25e) Scullin Steel Scullin Steel war Segal Lock 505 1 1 1008 58 5 Sel Ind al et 6.50 | Sel Ind pr pf 6.50 | Sentry Saf Con Shattuck-D(.10e) 4| Sher-will 1.50e | Simmons H & P. | Singer Mfg (6).. | South Coast | So Penn Oil 1.50 SCEdDpfB1.50 . S CEd pf C1.375. South'n Un Gas . * | Spalding Co Spald (AG) 1st pf " | Stand C& S .60e_ | Stand Of1 Ky (1). | Stand 0110 (1) __ | Stand Prod .50 ot | Starrettvie | Sterchi Br 2d pf_ 105 106 8 T4 24% 234% 1% 1% 1% 1% 4% 8% 8 70 49% 5% % 20% ISSM 138 138 Sterling Inc (.20) Stroock & Co Sunray Oil 0 Sup Oil of Cal.. Taggart Tampa Elec 2 24_ Technicolor .50e_ Texon Ol (.10e) Thew Shovel Tob Prod Exp.40g ‘Todd Shipy'd .75e Tol Ed pf (6) | Trans-Lux (.10e) Transwest Oil _ | Tri Contl war | Tubize Chat A 1e | Tung-Sol Lamp Tung-Sol L pf .80 Udylite (.10e) __ Unexcelled Mfg .. Un Prem F' S (1) | Unit Airc't P.10e Unit Cgr Whelan United Gas United Gas war Unit Gas pf 4.50k Unit G&E pf (7) Unit Lt&Pwr (A) Unit L& P (B)__ Unit Lt&Pwr pf_ Unit Profit Shar. Unit Sh M 2.50a Unit Sh M pf 1.50 Unit Specialties_ U 8 Foil (B) _ U S Lines pt U S Plyw'd .60e_. U S Radiator U S Rub Reclaim. Unit Wall Paper. Univ Corp vte Univ Cooler (B). Utah Idaho Sug . Utility Equities. Utility&Indus pf Valspar Corp - Venezuela Petrol Waco Aircraft__. Wellington Oil Wentworth Mfg. West VaC&C _. Western Alr Exp Westn Md 1st pf_ Wichita Riv Oil. Willson Prod .20e Wilson-Jones.25e Wolverine Pt C__ Wolverine T .10e. Woodley Pet .40 ann( Harg.4ta. ankrupt 50s 10s 10 7 2 200s S e NBONG BB EDw— - o no + g3 Fa GOt 2 0 0 00 00 securities Rate: Iast auarterly or semj-anni tion Unless otherwise extra or extras pald last Sear far s vear e 1 Pav With nder ww Withour' warrants. © war May of 'BOSTON. 20 Department wiht the close of last blood portions of three-eighths and have been canceled By the Associated Press. s, involving, 2 1 11% 2008 53 100s 18 100s 100 40s 112 111 5 15% 305 10215 105 1101 68 2015 50s 110 Dividend Rate. Add 00. High. Low. Close. = 2 2 15 1508 54% 3% 6% 2 38 50! 154 153 274 12% 674 % 14% 93, 10% 35% 84 3% T 5% 10 1% 7 9 % 12‘,‘1 5% 4% 11% 52 17 100 1 100s 106% 1054, -. 100s 63 26 63 26 414 80 10215 1101, 67 19% 6 110 6 812 1 1 1 3n 3% are annua) disbursements based 81 t5ha dividends are et Incinaed & Als @ aceumulated. @ividends Decllnfl ble 10 stock last h h Inted dlvldendl e . deciared ‘thte or warrants Warrants Boston Wool Market 2% y 5 i 3% M 5% 1% 5% -4 54 3% (1 a8 kY 154 2% 12% 67 Y% 141 9% 11% 35% 84 3 T 5% 10 13 2 935 5 913 9% 9y 119 119 119 100 1124 30 1101 68 1974 o alBa tcy or recelvership or being reoraanised. under the BARKTADLGY ACE oF oald <o € Pai (United States week. Agriculture).—Manufac- turers and tobmakers were doing prac- tically nothing on raw wool on the Bos- ton market today. Asking prices on wools held in Boston wers unchanged sompared ‘ountry dealers in fleece wool producing areas, how- ever. were wiring East for bids on their accumulations of three-eighths and quar- bright fleeces and some were offering to sell at prices slightly ower than prices asked last weel e & number of mill nrdll’l for uarter ause of ing uncertainty in the market. ) Odd-Lot Dealings incly t sales, Womn: 2,100 shares, #%% A-15 Steel Rate fo Climb 3More Poinfs fo 13 Per Cent Institute Report Cites 48.5 Per Cent Pace Of Year Ago By the Associated Press. NEW YORK, May 20.—The ommc try’s steel operations are estimated for this week at 73 per cent of ca- pacity, the highest since the week of January 29, this year, and an in- crease of 3 points over the previous week, the American Iron and Steel Institute announced today. The current level compared with 60 per cent a month ago and 485 per cent a year ago. In the last several weeks, acflvity in the industry has broadened at a pace comparable with the upturn-of last autumn, although present oper~ ations are still far below the 94.4 per cent mark recorded last November. Heavily increased demand for ex~ | port steel is credited as a major factor in the output upturn. |Curb Bonds DOMESTIC. Ala Power 58 51 Ala Power 5s 68 ln‘fl.um 0913 001y Birm El 4%25 68 Birming Gas 5s | Can’ Nor P P 6s 4 Garo Pw & 1L 5 y 5iss Cities Svc 55 5 Cities Sve bs Citles Sve B0 Rusy &1 81 ° 8 80 " Rovy Rty 107 10813 1060 ia R4 RS 2 Comnty P&L 5 Con' GEL&P %4 Cont G & E 55 58 A Cudany Pis 3%s | Georgia Pw Glen Alden Ci) is 65 | Grocers Str Gs 45 Houston 1021 1024 10002101 | 4 | for United States dollars 106% llnil 10515 106 ° 1084 168 106% 1068 10624 106 104 94 e 5044 2114 siodn ms P et s 0s FOREIGN | ger con Mun s 47 1 Pied El 625 60_A Terni-Soc a8 A Unit El Sve 7s ww With _warrants | rants. DNew. st (stp) Stamped. Rotiability impaired by maturity, 24 2815 xw Without 56 A Foreign Exchange NEW YORK, May 20 (P).—"Free" ster< ling rose more than 5 cents and the Canas. dian doliar 3s of a cent in the fareign e: change market today. R | “Strength in the empire currenc seemed an outgrowth of the belief -mj forces are showing more resistance to U | Nazi drive. "Dealings remained small, how. | ever. while operators waited for clearer news from abroad, e Swiss franc. leveling off after last. weelut violent fluctuations. dipped 0.01 of a cen | ® f2e rates follow (Great Britain in dol- lars. others in cents). Canada. Official_Canadian Conitrol Board rat Buying. 10 cent premium: selling, 11 per cent pre mium: equivalent to_discounts on Cana- dian dollars in New York of buying, 9.91 per cent: selling. 9.09 per cent. (Cenadian dollar in New York open mar. 3% per cent discount. or 79% United" B e Y. 3 Beli undlioted. Flnllnd. 2.00n: France, a: Germany,- 0.00n ' (benevolent. ureece 0.63;. Hun(ury 17.65n: Ital Netherlands Narwly unquoted. Porty nl. nls. 0.52n: Sweden, 23.85 free, 22851 Argentina. il '5.10; Mexxco. Beinl’ T 05: Trce, ;Ym;m. 23.48: Tiong Rons. 20.37: Shang« (Rates’ in spot cables unless otherwise, indicated. ‘B Noming New York Bank Stocks NEW YORK. May 20 (#.—Nation; Association of Securities Dealers, In (Quotations as of 2 o'clock.) Bid. Bk of Am NTS (89) (240). 4 Bank of Man ¢ 14% £, F% Rat” Bosy” First Natl Federal Land Banks YORX, May 20 (#.—Federal Land" Jan, May, i% | London Bar Silver y 20 (). ——llr -llur. 229& IMDOH dol! ] m}qul:%l;nt “03 d, 1“6 un: ar A - changed. ( uivalent 338!‘, a