Evening Star Newspaper, May 27, 1940, Page 19

FIN Domestic Bonds Rise, Canadian Issues Again Decline Conflicting War Claims Keep Many Traders On Sidelines Bond Averages Fin i) 916 38.0 910 381 972 4713 96.1 622 975 535 20 10 10 Rails. Indust. Util. Net change. +.2 2 +8 ‘Today, close 49.0 *99.0 Prev.day... 488 99.2 Month ago-_ 58.0 103.2 Yearago-.. 565 99.7 i 59.9103.6 - 485 99.0 903 374 - 64.9102.0 1939 low... 534 958 975 6},0 904 417 10 Low-Yield Bonds. Close.... 1086 Prev.day 108.6 M'nth ago 1128 Yearago. 112.2 1940 high113.2 1940 low.108.5 1939 high 1126 1939 low. 103.6 *New 1940 low. (Compiled by the Assoclated Press.) By the Associated Press. NEW YORK, May 27.—Domestic isues rose briskly in the bond market today, but new pressure was di- rected at Canadian loans, which slipped around two points toward the close. German 5%5s of '65 rose more than a point, but the 7s of '49 slipped. Belgium 61,s jumped 5 on transfer of two bonds. United States Governments gained 3 point or more. Conflicting claims of the belliger- ents kept speculative forces in check | in the domestic corporate division | and gains were managed on slim volume. Higher were Illinois Central 43s, New York Central 5s, Nickel Plate 5's, International Telephone 5s, International Hydroelectric 6s, Con- solidated Edison 3!2s and Southern Railway 4s. Boston & Maine liens outstripped the balance of the list as progress was reported in the carrier’s efforts to effect a voluntary reorganization plan. Investing Companies NEW YORK. May 27 (P.—National Association of Securities Dealers, Inc.: | (Closing quotations.) ' Admin Fd 2nd Inc Aeronaut Sec Afiliated *Amerex Hold - Am Bus Shrs Am For Inv Am Gen Eq Inc Am Ins Stocks sBankers Nat Inv Gorn A- Basic_Industr “Biair & Co' Boston Fund Inc Broad St_Inv. Bullock Fund _ Can Inv Fund Chemical Fund Comwlth Invest *Continental Sh pf Corporate Trust Corp Tr Acc Mod _ Gumulative Tr &h Depos Bk Sh DBebos s Shrs Diversified Tr C_ Dividend shrs ng T: Gen Capital Corp Gen Investors Tr %) Group Sec Agricultural __ Group Group Group Group Group Sec Tobacco Incorp Investors Independence Tr Sh Keystone Keystone Keystone Keystone Keystone Keystone Keystone Keystone Custodn Keystone_Custodn Manhat Bond Pund Custodn Custodn Custodn Custodn New England Fund N ¥ Stocks Automobile _ Y Stocks Aviation 2 ¥ Stocks Bt Stocks ___ M SnDapaDe Y Stocks Elec Equin Y Stocks Insurance_ Y Stocks Machinery Y Stocks Oils 11 oumieen Pimontn Fund Inc Putnam (G) Fun Sty Theome. 8h £Schoellkont-Hut & Belected Am Inc Stlecied Tncome h Super of Am Tr AA Supervised Shrs. *Trustee Stand Inv C aTrustee Stand Iny D Trusteed Am Trustoed Tndustry Shrs Wellington Fund 11,19 1234 Quotations furnished by National Asso- ciation of Securities Dealers, Inc.. which s they do not necessarily reflect actual transactions or firm bids or offers. -but should indicate approximate prices. and jiniess otherwise indicated. are a3 quoted ¥ the sponsors or issuers. *Asterisk indicates, ‘“Not aquoted by sponsors or issuers.” Foreign Exchange NEW YORK. May 27 (#.—The pound sterling supped down only ' cent in re- lation to_the do'iar today despite the dis- turbing influence of reports of allied war Tevarses. The FPrench franc followed sterling 2 a minor loss, but the Ca- ¥ $iruck ahead for a -cent ts, The Swits franc advanced .02 of a cent. Late :ates folow (Great Britain in dol- lars. oth TS in cents): al Canadian Control Board rates for U. S, Gollars: Buring, 10 per cent pre- miun: selling, 11 per cent premium, coLi- valent t. disesunts on Canadiar. dollars 3n New York of buying, 9.01 per cent: sell- ing. 9.0 ver c: Gian, dollars in New York open Der cent discount, or 78.37% Soe. Great Britain, deman 184 JEable 8101 »o-aay. 4 9 & B lxium, unquoted. Denmlrk naiote 3 Finland, 3.001; France. 1.81%: Ge ote: ln‘l’h‘n‘l 22.4: slavia, 3 Latin Americ: IXOCAVIES oe. a Argentina, official. 29.77; frull. official, 8.05: free, 5. ar Eas .48: Hong Kong, 20.10; Sharg- spot. e cnh]!s unless otherwise (Ra’ indicared. om Inel Baltimore Stocks Special Dispatch to The Star. Q 5 =8 0 & Pow 858 0"s Flad & Guar 18 8500 Bal Tr deb 45 A 28 g i st et apE b » ey & Eire plants to continue its em- ployment projects. h ANCIAL. THE EVENING STAR, WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE Stock Exchange Seat By orivate uln direct to The Star. Approximate Tmnu:mu: Today. Domestic Bonds . 2,990,000 Foreign Bonds 720,000 U 8 Govt Bon 130,000 TREASURY. High. Low. Close. 101.16 101.16 101.16 105.21 105.21 105.21 103.12 108.10 108.12 107.3 107.3 107.3 106.4 106.1 106.1 104.2 104, 3 104, 104, 104, 105.10 105.5 105.7 108,10 180.2 1082 109.4 109.1 10971 . 107.22 107.22 107.22 108.14 108.12 108.14 48 1944-54 111.30 111.30 111.30 4% 1947-52 117.20 117.16 117.16 FEDERAL FARM MORTGAGE. 331942-47 103.31 103.31 103.31 HOME OWNERS' LOAN 2% 5194244 103.8 103.8 103.8 35 1944-52 105.9 105.8 105.8 NEW YORK CITY BONDS $3 1980 Bwi_____ 9% 90% 91y 251980 I wi —-- 901 891 90 FOREIGN BONDS. High, Agr Mtg B Col 6s 47_. Antioquia 24 7s 67 __ Argentine 4s 72 Feb_. Argentine 4s 72 Apr.. Argentine 4%s 48 Argentine 4 %s 71 Australia 43%s 66 Australia bs 55 _ Australia 6= 67 Austria 7s 57 _ Belgium 6%s Brazil 61s 1926-57. Brazil 6%s 1927-57 _ Brazil C Ry El 78 52 Brazil 8s 41 Brisbane 68 57 Brisbane is 58 & .. Brisbane 6s 50 Budapest 6s 62 Buenos Afres 3s Buenos Alres 4%s 7 Buen Alr 41%s Aug 76 Buen Alr 4% s Apr 76 Buenos Afres 4% s 75 Bulgaria 7s 67 Canada 23s 44_ Canada 2%s 45 Canada 3s 67 Canada 3s 68 Canada 3%s 61 Canada 4s 60 Canads os 52 Chile 6s 61 Jan_ Chile 6s 61 Jan assd. Colombia 6s 61 Jan __ Colombia 6s 61 Oct._. Col Mtg Bk Ts 47_ Copenhagen 41%s §3 Copenhagen 6s 52 Cuba 4%877__ Denmark 438 62_. Denmark 6%s 65 Denmark 6s 42 Dominic 1st 5%s 42 Dominie 5%s 61 ext. Frankfort 612553 Ger Govt 6%s 65 _ German Govt 7s 49 _ Grt C El Jap 6%s 50 Hamburg St 6s 46 ___. Hung Con M 7546 _ Hung Con M 7%s 45_ italy 7s 61 [tal Crd P W 7s 47 B_ 1tal PUCra7s 62 __. Japan 6%s 65 _ Japan 6%s 64 Lombard El 7s 52 Mendoza 4s 64 Minas Geraes 61%s 59 New So Wales 5s 68 Norway 4863 _ Norway 4%s 56 _ Norway 6s 43 __ Oriental Dev 61 6 Oriental Dev 6s 63 _ Peru 1st 65 60. __ Peru 24 63 61 Poland 4%s 68 asd_ Queensland 6s 47_ Queensland Rome 63%s 62 Rumania 7s 59 Sao Paulo St 6s 68 Sao Paulo St 7s 40 Sao Paulo St 8s 50 Tokyo El Lt 6s 63 Uru 3%-4-43%s adi 79 Uruguay 4%s-41s 78 Yokohama 6s 6} DOMESTIC IONDS. abitibi P&F bs b3 : Adams Exp 4s 48 Alb & Sus 3%s 46 Alleg Corp bs 44 Alleg Corp 68 49 Alleg Corp bs 50 st Alleg Valley 4s 42 Allled Stores 4% s 50 Allis-Chalmers 4s 62 Am & For Pw bs 2030 Am1GChb6%s 49 Am Intl 6%s 49 AmT & T 3%s 6 AmT & T 3%s 66 AmT& T 5%8 43 Am Type Fdrscv 50.. Am Wat Wks 675 _ Anaconda db 4%s 60 Armour(Del)1st4s 65 Armour(Del)4s 57 _ AT&SFe 45 1905-65 _ A T&S Fe ¢s 1909-55_ A T&S Fe 4560 __ A T&S Fe ad) ¢s 95 s A T&S Fe gen ¢s 95 A T&S Fe ¢%s 48 - A T&S Fo €A 4%s 62 Ati Const L 1st 4552 B&O1st4s 48 B & O cv 60s std B&O st 48sstd__ B & O 95 C stamped B & O 96 F stamped. B&O 2000 Dstpd . _. Beth Steel 3% s 69 F_ Beth Steel 314862 _ Bos & Me 4% s 81JJ. Bos & Me b6s 56 Boston & Me 5s 65 st Bon & Me bs 67 Boston & Me §s 67 st Bklyn Ed cn 3%s 66 Bkiyn Man T 4%s 66 Bklyn Man 415 66 ct Bklyn Un Gas 68 50_. Bklyn UnG 6s 67 B Bklyn Un G rf 6s 47 _ Buff Roch & P57 std_ Bush Term cn 68 55 Bush Ter Bldg 6s 60 . Calif Oreg Pwr 45 66. Canada South bs 62 Canadian NR 4%s51. 2%s 1945-47 2% 81948-51 2%51956-59.__. 2% s 1968-63 2%s 1956-60 38 1951-56 3%s 1946-49 3148 1943-45 3¥es 1944-46 Low. Close. 22 22 % 8% 13 90 33‘4 6% 23% Th 56% 41y - 42 56 Can Nor 63%s 46 Can Pac db 48 Derp_.. Can Pac ¢35 46 Can Pac 4445 60. Can Pac bs 44 Can Pac6sb4_ _ Cent N Jgn6s87rg. Cent N Y Pw 2% s 63 Cent Pac 1st rf ¢ 49 Cent Pacific 6a 60 ___ Cert'd deb 64s 48 Cham P&F 4%s 35-50 Ches &0 3%s96 D _ Ches & O 3%s 96 Chi B&Q gen 4s CB&Q Il div ¢s Chi&B 6861 ___ Chi & B 111 6s 51 ct.. Chi & E 111 65 34._. Chi Grt West 45 69 CM&StPgn3%s89B 18% CM&StP adj 6s 2000 Ch1&NW gen 3148 87. Chi&NW ¢%s 2037 _. Chi&NW 4168 2037 C. Ch1 & NW ev 4% s 4y Chi&NW gen 6587 ___ Chi Rwy 6827 __ Chi RI&P rf 4834 Chi RI&P rf 43 34 Chi R1&P4 %3524 cfs ChiRI&P cv 4 %560 Chi TH&S rf 65 60 Chi Un Sta 8% 8 63 105% 104% 104% CinG& E3%s 66 105% 105% 105% Cin Un Term 3%s 69 108 108 108 Cin Un Term 83 71._ 105% 105% 1051 CCC&StL rt 4348 17 38% 88% 38% Clev El Il 3% 107% 107% 107% Clev Un Ter ¢ s 17 . 58% 68% 58% .Det Edison ¢3%s 61 _ High. Low. Close. 66 (66 % 5 104% 104% 104% 1004 100% 100% 100% 100% 100% Clev Un Term 5s 78 Comw E4 8%s 68 Cons Coal Del 58 60 Cons BAN Y 8%s 46 Cons ENY db3%s 48 Cons EA N Y 8%s 66 Consol O11 338 61 Consum Pwr 3% s 68 Consum Pw 1st 33§ €9 Consum Pwr 338 70 104% 104% 104% 106 105 105 103% 108 103 103 102% 102% 104% 104% 104% 1045 104% 104% 107% 106% 106% - 1014 1014 1014 105 105 105 . 103 103 103 101% 101% 101% 22% 22 22 27 27 % 42% 42 42% 6 5% 6 . 2 2 -- 109% 1091 109% 107% 107% 107% 88 83 ' 88 M4 14 u 106 108 106 14% 14% 14% Cuba R 1st 58 62 Del & Hud ref ¢s 43 Det Edison 4s 65 DetTer&Tun 4%s 61. Duluth SS&Tt1 bs 37. Elec Auto Lt 48 62 Erlecv4s63 B 18%° 18% 9% 9% 9% 9% 103% 103% 103% 5% 54 6% 4% 4% 2 2 Erl. ef b3 ‘IE e Firestone T 3148 48 Fla E Coast Ry bs 74 Fla EC Rv 6s 74 ctfs Fonda J&G 4s82flled 2 FondaJ&G414s52filed 8 3 3 Gen Am Inv6s62 _. 101 101 101 Gen Stl Cast 6%s 58% 564 53 Goodrich 4% s 66 101 101 101 Grt Nor Ry 3%s 67 ’71‘5 70% Grt Nor Ry 446 G 9’:'«. Grt Nor Ry 4s 46 H _ Grt N Ry 1st 4348 61. Grt NR 4%s 76 D Grt Nor Ry 6878 _ Grt Nor Ry 6%862__. Gulf Sta Stl 4%s 61__ Gulf 8t Ut11 3%s 69__ Hoe(R)1st mtg 44 ___ Hudson Coal 68 62 A_ Hud & Man inc 6s 67_ Hud & Man ref 5s 57_ I11 Cent 1st 314s 51 I11 Cent 3%s 52 _ 111 Cent ref 4s 65 _. 11 Cent 4%s 66 o ICC&StL NO 65 63 A Indust Rayon 4%s 48 Int R T 1st rf 58 66 Int R T Ist rf 6s 66 et Inter RT 7832 _ Int RT7s32ct . Interlake [ron 4s 47_. Int Grt Nor s 56 B__. Int Grt Nor 5s 56 C. Int Hydro El 6s 44 Int Paper ref 6s 65 Int T&T ¢%s 62 Int T&T b= 65 Jonal& L Stl 4%s 61 s C FIS&M 45 36 City Term 4s 60 Kelth's 6s 46 __ _. Koppers Co 4s 51 Laclede Gas 6348 63 _ Laclede G 6%s 60 D_.. Laclede Gas 65 42 A _ LakeS& M S3%s 97 Leh C&N 4%s 64 A __ L V RR 48 2003 asd__ Ligg & Myers 6s 61__ Loew's 31,8 46 - Lone Star G 3%s 53 Lorillard.6s 51 _____ L& N 41%8 2003 MeKesson&R 5%s 50 Me Central 4 %s 60 _ Manat! Sugar 4s 57 __ Manhat Rv 48 90 et Marion St Sh 6s 47 st. Market 8t Ry 7= 40 65 Mead Corp 418 55.__ 101 Metrop £d 4%s 68 _ 1107 110% Met West Side 4s38_ 714 715 Mich Cons Gas 4s 63_ 9874 Mil Spa & NW 4s 47__ MStP&SSM cn ¢s 38 MoIll 6869 ___ 4% 106'% 70 27 10% 39% 83 34y 33 314 36% 80 8 38 9% 26 29% 29 94 94 26% 26 105% 105% 1004 100 101% 101% 38% R4 37 8114 45 10 9% 123 123 101% 101% 105% 105% 1227 122% 8514 88 29 3414 8% 72 105% 100 101% 40 3814 Mo Fac 6s 80 H Mo Pac 55 80 H ctfs__ Mo Pac 6981 1 Mo Pac h%s 49 Mob & Ohio 4%s 77 ct Monong P S 414560 __ Mont Pwr 3%s 66 _ Montr Tram 5s 41_ Morris&Es 3 %s 20! Morris & Es 4%s 55 Mount StT&T 3% s63 Nassau El 4s 61 ctfs Nat Dairy 3%s 61 ww Nat Distili 3%s 49 _ Nat Steel 3s 65 L Natl Supply 3%s 64 _ New E T&T 1st 6s 62 New O T&M inc 5s 35 New Url T&M 63%s 64 N Y Central 8%s 562 N Y Central 3%s 97 N Y Central 3%s 4 Y Central 4s 42 Cent con 4s 98___ Cent 41482013 A. Cent rf 63 2013__ CLSh3%s98 _. Chi & St L 43 46_ Chi&StL 4% C&StL5%s T4 A. Conn 1st 4%s 63. Edis 3%s 65 D__ G ZZ2 222222222222 v g 1 1 1 1 NYNH&Hecl 6s40_. NY NH & H cv 63 48, Niag Sh 6%s 50 Norf Southn s 41._. Norf Southn 6s 61 Norf & W 1st 4s 96 North Am 3%s 49 _, North Am 3%s 64.. North Am 4s 69 Nor'n Pac gn 3s 2047 34% High. Low. 62 6l% GIM 40% 39% 40% 44 434 ¢ 49% 48% 48% 106% 106% 106% 103% 102% 108% 1056 105 105 96% 98% 96l 108% 10814 108% 104% 104% 1045 105% 106% 106% 108% 108% 108% 110% 110% 110% 99% 99% 88 88 105 106 100% 101 8% T8% 824 824 108% 108% 112% 91 Nor'n Pao 48 97 Nor'n Pac 43%s 204 Nor’'n Pac 68 2047 C... Nor'n Pao 8s 2047 North Sta Pw 3%4s 47 Ohio Edi1son 3%s 73 Ohio Edison ¢s 65 Penn Co 4863 _ Penn Dixie C 6s 41 A. Penn P&L 3% - Penn P&L ¢%s T4___ Penn RR3%s63 .. Penn RR 3%s 70 n RR ¢s 43 enn RR 48 48 Penn RR ¢% n RR 4%s 60 n RR gn ¢ 18 64 Penn RR db ¢3%8 70 Penn RR gen 68 68 Peoria & E inc ¢s 90 Pere Marquette 4s 56 Pere Marq 4%s 80 Pere Marq 6s Phelps Dodge 8%s 52 t*hila Co bs - Phila Elec 3%s 67 __ Phila RC & Ir 63 49 Phillips Petrol 3s 48 Pitt&W Va 4%s68 A Pitts&W Va 42869 B Pitt&W Va 4%8 60 C Port Gen El ¢%s 60 Porto Rico A T 6s 42. Porto R A T 63 42 st Pub Sve N I113%s 63 Purity Baking 65 48 Reading Jer C4s 61__ Reading R 41597 A_ Rem R'd 4% s 66 ww Rem Rand 41 s 56 xw Republic Stl 4%s 66 Republic Stl 4148 61 Saguenay Pw 4148 66 St L IM&S R&G 4833 StL PENW 6s 48 __ St L Pub Ser 6s 59__. St L-San Fr4s60 A__ St L-San Fr4s60ct_. St L-San Fr 4%s 78 _ StL-SF4%aT8ctst St L-San F6s60B __ St L-SF 6s60 Bet San A&A Pass 4843 . Seab'd A L con 6s 45_ Seabd AL 6s4bect __ Shell Un O11 2148 64 Skelly Ofl 4851 . __ So Bell T&T 3% s 62_ Southn Cal G 4s 65 Southn Cal G 4%s 61 So Natl G 4%s 61_. Sa Pac col 4549 So Pac ref ¢s 6! So Pac 4%s 68 So Pac 4%s 69 So Pac ¢ 81 So Pac Oreg 4 %! So Ry gen 48 56 A So Ry 6s 94 So Ry gen 625 So Ry 6%s 66 S W Bell Tel 35 68. __ Stand OlIN J 2% 5863 Stand Ol N J 35 61 __ Studebaker cv 68 45 _ Ter RR As StL 45563 Texas Corp 88 69 _.. Texas Corp 3%s 61.__ Texas & Pac 68 79 C_.. Third Avadi6s60 . Tide Wat Ol 3148562 Un El(Mo)3%s 62 __ Unton Oil(Cal)3s 69 Un Ot1(Cal)6s 42 A__ Un Pacifia 33538 70 Un Pacific 3 %s 71 Un Pacific 18t 4s 4 Un Pac ref 4s 2008 Un Pac 1st 68 2008 United Drug 6s 53 _. Utah L&T 5s 44 VaEI&P3%s68B. Va Ry Ist %3 66 Wabash ¢%8 78 C_.. Wabash 1st 6s 3! Wabash 63%s8 76 Wabash Om 3% Wash Term 4845 ____ West Ponn P 3%s 66. West M 18t 45 62 West NY&P gn 3. West Pac 63 46 A as. West Union 4348 50, West Union 68 51.. West Union bs 60 Wheel Steel 4148 66. Wilkes B&E 68 42__ Wilson & Co 3% s Wilson & Co 4s 65 . Wis Cent 1st gn 4s 49 Wis El Pw3%s68 __ Wis Pub Svo 4s 61 Youngst'n S&T 48 ¢8 Youngst'n S&T ¢s €1 Hearings on Utility Changes Postponed By the Associated Press. The Securities Commission has postponed until June 10 hearings scheduled for today on methods of integrating the utility systems of |May the Engineers’ Public Service Co. and the Commonwealth & Southern Corp. Before the Commonwealth & Southern hearing was postponed, however, attorneys for the corpora- tion filed a request that the com- missiondraft a tentative plan for integration for the system. The request was taken under advisement. Join K. C. S. Board NEW YORK, May 27 (#)—Two new directors, Elbert G. Bennett of Ogden, Utah, and Paul H. Saunders of New Orleans, were added to the board of the Kansas City Southern Railway Co. at a meeting today. Bennett is president of First Se- curity Corp. of Utah. Saunders is chairman of the board of the Kan- sas City Public Service Co. Washington Stock Exchange ‘TRANSACTIONS ON WASHINGTON STOCK EXCHANGE—1940 UP TO AND INCLUDING FRIDAY, MAY 24. 'BONDS. . les. PUBLIC UTILITIES. $15.000 Ana & Pot Riv R R 1st 5% 1949 206,000 Capital Traction 1st 5% 1947 _ 2,000 City & Suburban Ry 1st 6% 1948. 6,000 Pot Elec Pow 1st 3%% 1966 23,500 Wash Gas Light 1st 5% 1960 11,500 Wash Ry & Elec Cons 4% 1951 MISCELLANEOUS. 2,000 Chevy Chase Club 1st 4%% 1057 _____ 2,000 Columbia Country Club 1st %% PUBLIC UTILITIES, 3,172 Capital Transit 17 N & W Steamboat 207 Pot Elec Power pfd.. 380 Pot Elec Power pfd.. 1,041 Wash Gas Light com_. 482 Wash Ry & El pfd_ Approximate Yield to Open. High. Low. Last. Maturity. 101 103 101 103 4.45% 98% 102 96% 96% 5.50 103% 103% 103% 103% 4.50 110 110% 109 110% 2.50 124% 131% 124% 129 3.05 108 109% 108 109 3.00 104% 104 104% 104% 104% 104 104 104 3.80 1957__ 3.95 15% 13% 13% 58 58 58 117 114% 114% 115% 112% 114 20% 21% 21% 109 100 100 800 800 800 118 112% 112% BANES AND TRUST COMPANIES, 25 Liberty 130 Riggs common 3 Riggs preferred ... 35 Amer Bec & Trust 13 Nat Sav & Trust. 10 Wash Loan & Trust —..... 23 Bank of Bethesda ___. ‘TITLE INSURANCE. 22 Columbia 75 J. Garfinckel pfd 475 Lanston Monotype 10 Lincoln Service cOM weeeeeeee 1,605 Mergenthaler Linotype 1,740 Nat Mtg & Inv pfd 405 Real Est Mtg & Guar ptd___. 5 Security Storage ... 10 Term Ref & Whsg Corp. 5 Woodward & Lothrop eom.. 100 100 100 100 100 10 170 280 102 252 240 200 105 247% 247% 35 30 166 260 108 170 260 102 240 200 247% 80 480 333 2.00 8.23 2.8Q 15 12% 15 2.00 26 32% 20 15% 3% 5% 26 32% 20 17 4% 5% 26 27% 20 12 3% 5% 96 26 26 926 58 58 58 58 49% 40% 40% 49% 26 27% 20 2% 3% 5% 5.76 7.27 8.00 4.09 9.03 8.69 8.20 817 404 2.00 11.00 »0.50 d0.35 0.50 5.00 8.00 82.00 Is Sold for $43,000, 25-Year Low Latest: Price Contrasts With $59,000 Peak Earlier in 1940 By the Associated Press. NEW YORK, May 21 -—Bel.rln( the lowest price tag in 25 years, ar- rangements were made today for the sale of a membership in the New York Stock Exchange for $43,000. No lower price has been paid for a seat on the big trading floor since 1915, when one changed hands for $38,000. Previously this year, meniberships have brought as much as $59,000, and in 1929 there was an instance of a membership. sale for $625,000, the highest ever paid. An official of the stock exchange, which did not make the names of the men concerned immediately available, said he understood the member selling his seat had ac- cepted the offer without negotia- tion and had not been particularly interested in price. Sharp Increase In Tin Quotas Ordered By the Associated Press. LONDON, May 27.—A sharp in- crease in shipments of tin was authorized today by the Interna- tional Tin Committee, which fixed the export quota of tin-producing nations at 100 per cent of standard tonnages for the third quarter of 1940. The quota in the current three months is 80 per cent; in the first three months of the year it was 120 per cent. The committee recommended the signatory governments permit ex- ports on the basis before July 1, sub- ject to subsequent adjustment. Quotas in the four quarters of last year were respectively 45, 40, 120 and 100 per cent. Liverpool Cotfon Market To Reopen Tomorrow By the Associated Press. LIVERPOOL, May 27.—Directors of the Liverpool Cotton Association today announced that trading in cotton futures will be permitted be- ginning Tuesday, May 28. The di- rectors stipulated that trading will only be allowed at the settlement prices of Thursday, May 16. On Monday, May 20, the directors voted to close the exchange for three days, as a precautionary meas- ure against further sharp declines and in an attempt to stabilize the market. When the three-day pe- riod had expired, it was announced the market would remain closed in- definitely. New York Cotfon By the Associated Press. NEW YORK, May 27.—Cotton futures registered sizable gains to- day. Trade shorts covered freely and active price fixing by mill ac- counts reflected a tight spot situa- tion in the South. Local and Wall Street buying ap- peared in distant months and met limited offerings. The steady stock market, higher Bombay prices and the reopening of the Liverpool cot- ton market were favorable factors. Late afternoon prices were 12 to 18 points higher, with July (old) | at 9.66 and March 8.63. Futures closed 11-16 higher. Oid contract Open. High. Low. 957 9.67 957 Last 9.62-83 9.83n 891 881 n uly New contract July = Qctober December. January March .46 10.48n. Nominal. New Orleans Prices. NEW ORLEANS. May 27 ().—Cotton futures advanced today on war news and steadiness in other ~markets. Closing prices were steady at net gains of 10 to 18 point: July October December January March ~ _ May:o =0 Cotton! prime summer yellow. crude nominal. Jul: 5.70b; October. ; December, bBid n Nominal C. & N. W. Authorized To Pay Off Loans By the Associated Press. CHICAGO, May 27.—Federal Judge John P. Barnes today authorized the Chicago & North Western Railroad to pay to the Re- construction Finance Corp. $680,000, representing the last four notes on a Public Works Administration loan made prior to receivership. Through the repayment the trustee for the road regained con- trol of $1,350,000 worth of bonds and $50.000 worth of par value stock of the Escanaba, Iron Mountain & Western Railroad, which had been pledged as collateral. 5. l’5 nominal: prime 62b;_September, 5.78b. Foreign Liquidation Increases Sharply By the Associated Press. NEW YORK, May 27—Wall Street circles say that net sales of Ameri- can securities by foreigners have increased sharply in the past two weeks. The gain, however, has been roughly in proportion to the in- crease in activity of the market as a whole. Informed quarters say that for- eign liquidation of American stocks has been averaging between $1,500 - 000 and $2,000,000 a day. This is three or four times the rate pre- vailing previous to the invasion of the Lowlands. New York Bank Stocks lllz R .—National As- soctati Qeuritiey Da s, Inc: tations as of 2 o "~ Asked NTS (8F) (2.40) av gk ; :.Af;n#; v 6: Bikers 'Tr ©29% extra. €814 extrs paig December 23, 1939. t 50c paid December 20, 1930, | Nt k20c extra. p 50c paid September 20, 1038. 532 paid 1039. d35¢c paid 1039. tPlus extras. 1 * D. C, MONDAY, MAY 27, 1940. FINANCIAL. NEW YORK CURB MARKET l!'fln“vh“hmm Btock and lllu— Dividend Rate. Add 00. Acme Wire .55e._. Aero S8up B .20g.. Afr Investors.... Ala Power pt (1) l0l 9]% ’1 High. Low. Close. 208 16% 16% 16% 6 5% 5“ 5% 91% Alum Co Am (2e) 728] \go l“ 149% Alum Ltd (3e) ... Am Box Board Am City P&L(B) 7 Am Cymm(BA).lo 508 i Am Gen pf (2) 20 Am Republics. Am Seal-Kap .12¢ Am Superpower.. Am Superpwr pf. Appal B P pf (7). Ark Nat Gas_ _ Ark Nat Gas(A). Atlas Corp war Plyw .6256. Auto Vot M (.50) Aviation & Trans Axton Fisher A. Baldwin Lo wai Balaw L pf 2. Baldwin Rub.60a Bath Lron = Beech Atrcraft Berk & Gay Fur_. Bliss (E W) Borne Scryms 2e. Brazilian TrL&P Breeze Corp .50g. Brewster Aero. Bruce Co (E L)_. B N&EP pf 1.60_. B N&EP 18t (5)__ Bunker Hill .60e_ Callite Tungsten Can Col Airways. Can Mar W .04 Cap City Pro . Carib Syndicat, Carman (A)(2)_. Caro P&L pf (6) . Caro P&L pf (7). Carrier Corp Catlin (Am) Celan pte pf (7a) Cent NY Pwpf § Chi Rivet (.50e)_. Childs pt Cities Service Cities Service pf. 1 Citles Sve P& L. Df (6) 13.50k__ CitlesSve P& L (7) of 15.76k Clev Tractor _ Col Fuel & | war. Columb Oi) & Gas Compo Shoe (1) .. Conn Tel & Elec_ Consol Biscuit . Cons G&E Bo 3.60 Consol Gas&Eleo Balto pf B 4.50 Consol M&S (1a) Cons Steel Corp ContlG&E pr pf 7 Contl Roll & Stl_. Cooper- Bess - Copper Range _. Corroon & Reyn_. Creole Petr 60a Crocker-Wheeler Crown Cent Petr Crn Ck Int A 650k Cuban Atl Sug Co Darby Petroleum Det G&M pf 1.20_ Det Gray Ir 04a Diveo Twin T.25e Domin Stl & Coal Driver-Har .60e_. Duke Power .75e_ Duro-Test Duval Tex 8 .25e. Eagle Pitch Lead East’'n Gas&Fuel Eastn G&F 6 of 300s E G&F prpf 2.25k 8768 EastnStspt A... 25s Eastn Stspf B ___ 25s Easy W (B).125e. 1 EleoBond&Sh_. 26 Elec B & 8 pf (5). 1 8 20s 208 60s 3 12 60s 1 258 6 108 10s 4 3 2 1 3 1 1 Elec B & 8 pf (6) Emp G&F 6% pf_ Emp G&F 7% pt. Equity Corp._. Equity ev pf (3)_ Esquire (.60) . Fairchild Avia Fairchlld E & Fanny Farm 1. Fansteel Metal _ Fideiio Brew __ Ford(Can)A(1) Ford Can (B)(1) Ford Ltd ( 16g) Fruehauf T .60e. Ga Power pf (6) Glen Alden .125e Gorham M 1.50e_ Grand Rap V .40. Greenfield T & D Gulf Ofl of Pa(1) Gulf St Ut pf (6) Hall Lamp (.60e) Hartford Rayon Harv'd Brew .05¢ Hecla Min .20e__. Holophane .50e__ Humble 0il .75e._. Hum’l-Ross .15e Huyl Del pf st(r) 1008 Hygrade 8yL625e 50s Il-1a Power pt _ 4 Ill-1a Pwr aiv et. 9 Ilinois Zinc - 2008 ImpOfl Ltd .60a_ 25 Imp Oil reg 50a Ind'apP&Lpf 6.60 InsCo N Am 2a Int Indust (.10g) Int Pa&Pwr war Int Petrolm 1.50. Int Utilities (B)_ Int Vitamn (.30) Interst 2 £q .60 Iron Fire vto 1.20 Irving Air Ch (1) Jacobs Co Jer CP&L Dt (6)_ Jones & Lau Stl. Kennedy’s (.65e). Kingston Prod.__. Kirby Petroler Lake Sh M (le) .. Lakey Fdry & M. Lehigh Coal Le Tourneau (1) Line Material.16e 150s Lone Star .20e 2 Long Island Ltg 3 Long Isl Ltpf B 1258 La Land&Ex .20e 1 McWill msDredg 3 Majestic Radlo 3 Master Elec 1.20e 100s Mead John (3a) 1 508 Mid St Pet B .10e 1 Midvale Co ( 1 M1a West Corp 6 Minn M & S .6 Molybdenum .25e Mont Ward A(7) Mount City C_.__ Mount Prod (.60) Nat Auto(.40: Nat Fuel Gas (1) Nat Mfg & Strs__ Nat P& L ot (6) Nat Rubber Mach Nat Sugar Refin_ Nat Tranp't .50e.. Nebr Pwr pf (7). Nehi Corp .125 Nehi 1st pf 5. NEPA 6% pf (3k) b5/ NEPAs2dpfik N J Zine (1e) NY Shipb'g d sh NYStE&Gpf 6% Niag Hudson Pw Niag Hud 1st (5) Niag Hud B war_ Niles-B-P 1.25e__ Nipissing M Noma Electrio... Nor Am L&P pt NIPS 6% pf 1.60k NIPS 7% pf 1.76k Novadel-Ag (2)-. Ohio O11 pf (6) Ohio P8 pf A (1) Oldetyme Dist... Pao Gast % pf1.50 Pac Ltg pt (5)-.. / lOl 102% 10: 501 1% 1% % % 12% 4% 4% 93 ¥ 15 4% 62 2 69% 19 19 89% 6 20% 4% 8 % K] 1% 4% 10% 50 6% 4% 81 24 5% 4% 6‘6 4% 31 24 5% 4% 6% 2% 10% * 321 * & 5 5 % & 50s 100 100 100 1% 1% 5% b% 1 17 7 7 50s 110 110 110 7 1% 1% 1% 4% 4% 156 19% 18 18 26: 115% 115% 115% Y% 15 34 3% 50s 104 104 104 93 7 15 4% 62 80 90 5 4% 1% 12% 1 2 69% 20| 112% 112 112 19 3% 84 4% ™ 8% 1% 15% 3% 2% 5% 6 3 15% 1% 63 2% IOZ’A 55 Hfi 2% 1 708 125 125 125 5 & 1% 5% 501 4T% 47% 4T% 6% 6% lOlldl l“ 144 2% 2 9% 9% 9% 308 110% 110% 110% 3 9% 9% 9% 108 84% 84% 844 67 56 7 50s 95 95 95 208104 104 104 6 4 4 4 2 20% 26% 20% 50s 102 102 102 Dmamu Blh Md 00. High. Low. Cloge. Pantepeo O1l. 2 2% 2% Pennroad . Pa-Cent Afrlines Penn Traffic.15a. Penn F&L pt (6) Penn P&L pt (1) Penn Salt (5.25¢) Pepperell (3e) Phila El P pt (2). Phoenizx Secur Phoenix Secur pt Pit -Bowes .40 Pitts & L E (2e) . Powdrell & A .200 Premier Gold .12. 13 Prosperity (B).. 8 Prudential Inv__. Pb8vo Ind $6 pt. 25l P8Inds$7prot . 150s Puget SA P $6 pf 1258 PugSd Pulp1.26¢ 2 18% Quaker Oats (5). 60s 101 Reed Roll B (1a) 1 18 Relianc E&E .25e 50s 10 Republic Aviatn 11 5y Rheem Mfg (1) 1 12% Root Petroleum 2 1% Rustless 1&S .30e 7 9% 8t Hegis Paper . 12 2% 8t Regis Pappf.. 758 52% Salt Dome Oil 1 5% Schift Co (1) _ 110 Scovill Mfg .50e. Scullin Steel . Segal Lock Z’A- 50s 1004 100 100% 258 104 104 104 505 163 163 163 501 b65% 57% 30% 59 3008 9 108 3 38% 5% 16% 18% 100% 100% 18 18 10 10 6% b% 12% 12% 1% 9% 9% 508 815 1 374 66% 4% 4% 107 107 ‘3% 30% 3734 27% 25% 8 8% Shattuck-D(.10e) Sher-Will 1.50e__ Simmons Hé& P_. Singer Mfg (8) _ Soss Mfg .0625e._. So Penn Oil 1.60 _ 8 Cal Ed pf 1.50a. SCEdpt 8150 . SCEdpfC1376 2 25% Southern P L .25e 2 8 South'n Un Gas D S Spald (AG) 1stpf 30s 8 Stand Drpf1.60.. 100s 8% 8% 8% Stand 011 Ky (1) 5 1T% 17% 17% Stand Ol Oh pf 5 258 102% 102Y% 102% Stand Pwr & Lt__ 1 % Stand Prod .50e__ 1 5‘ 6% Stand Stl Sp 50 5 23w 23 23 Stand Tube (B) 23 1 X Starrett vic % % Sterling Alum 6% 65 Stetson (J B) 3 2% Sunray Oil 05 1% 1% Sup Oflof Cal.__ 214 21% Tampa Elec 2.24_ 26 Taylor(Ky)Dist_ ‘Technicolor .50e_ Thew Shovel ‘Tob Prod Exp.40g Trans-Lux (.10e) 1 ‘Tubize Chatillon 5% Tubize Chat A 1e 21y Tung-Sol Lamp 1% Tung-Sol L ptf .80 Unit Atrc't P .10e United Gas United Gas war__ Unit Lt&Pwr pf_ Unit Milk (le)__. Unit Sh M 2.50a Unit Sh M pf 1.60 USFou(B) ___ US Linespt__ U S Plyw pf 1.50. U S Radiator. U S Stores __ s Univ Insur (1) Ut P&L pf 3.50k | Util Equity pf 1k Utility&Indus pt fVan Norman 40e | Venezuela Petrol Waco Atrcraft Wayne Knit 1.25g Wentworth Mfg W Tex Ut 36 pf 6 West VaC& C Westn Ma 1st pf_ Wichita Riv Oil Wolverine T .10e Woodley Pet .40 erzhl Blr‘ 402 17 3% rin ecetv :::mx;:'uu unéfiufl{ Ban “fiv‘!:"ie'?“’o: as: Eatea of aividends m the {oresome tasie are “annual disbursements based last uartery o extrs dividends are not included extra @ Accumtiated. dividends pald last year eDeclared or oaid <0 far this vear ' fPavable in e o stock Iated dmmau ‘Bala ‘or deciarea this 1 ar ur Under ww arrants sw L rrants. l‘.hnul Milk Sales Exceed Year Ago in April By the Associated Press. 8 4u 1008 66% 8 4y 80s 109% 1 3% 4 30% 208 3715 1 27% 14 61 3 1%, 21% 26 % 10% 14% age sales of fluid milk in April totaled 6,634,983 quarts, an increase of 219 per cent from 6492.996 in | April last year, the Milk Industry Foundation said today. The figures were based on reports from leading | distributors in 136 markets. Milk company employment de- clined 1.38 per cent, compared with | 1.39 per cent. «|Panama Canal Tolls Far Behind Year Ago By the Associated Press. Panama Canal tolls were only $1,236,328 during the first 23 days of May compared with $1,727,369 during a similar period last year. Chicago Stock Market CHICAGO. May 27 (#.—Following is the complete list of transactions on_ the hica X 21 & Llflxhlm 250 Borg-Warn ner 1 cietet s Oil Z ugconulner Corp__ teel 237 Crane Co rwn Rubber - %De Nets: 57 25 Diam T % BO Elgin Nat Watch 50 Gardner-Denver.__ 100 Gen Finance Foods Gen 200 Gen Moto " Bt ootio! 0% i S B o SRR n o 100 Harnischfeger *_ 100 gefleml;n @) "Br 5 - S F D380 00 FEF Fh Drm S 3120 S 00 R Srn SR RBDND! CESRRFRR 29 2020 L3 223zt toastoen et 2 "’”““5?;“&’??; o355 %aa808 > F PR 2.5, GG = Ses 2% a5 s R F FERF 18 i 83% 4 Bfl% 46! 4 110 108% llo §s§§§ R i f## FR ol NEW YORK, May 27.—Daily aver- | a year ago, while pay rolls increased ! #¥% A—19. Steel Rate fo Jump 3.9 Points More T076.9Per Cent Rise to Put Output Schedules Back to January Levels By the Associzted Press. NEW YORK, May 27.—The Nl- tion's steel mills will boost operating rates to 769 per cent of capacity this week, a jump of 39 points from the preceding week and the fifth consecutive advance, the American- Iron and Steel Institute sald today. ‘The advance will put production schedules back to the level prevail- ing in late January. A month ago output was at 618 per cent of capacity and a year ago 522 per cent. Steel circles said larger produc~ tion was due in good part to foreign demand, both from belligerent and neutral nations. One trade so) recently estimated Allied orders - alone would run to around 500,000 | tons a month for the duration of the war, General Motors To Make Plane Propellers y the Asscciated Press. | DETROIT, May 27.—General Mo- " tors Corp. announced that it would enter the airplane propeller business | on June 1, through the acquisition | of the assets of the Engineering Projects, Inc., Dayton, Ohio. The new division will be known# as Aeroproducts Division of General Motors Corp., with Werner J. Blan- chard as general manager and, Charles S. J. MacNeil as chief en- | gineer. 44 |Failures Total Up | NEW YORK, May 27 () —Busl- | ness failures in the United States * |mcreased to 297 during the week ended May 23, checking a three- | week decline, Dun & Bradstreet re- | ported today. In the preceding 4 | week failures totaled 266 and a year ago 303. Curb Bonds High. Low. Cl se. DOMESTIC. | Ala Power 4'zs 6 Ala Power 55 56.___ Ala Fower bs 68 | P s 2016 | Abpatack Ep EX |Ark P& T, Ei Ind 4135 & E Ak 49 | Cities “Sve Gities Service 5 58 Cities Sve 55 68 Gitles Service 5s 69 C P&L § > 2 i s 2 FEES o 222 iy na D05 BRRRRERNRRERAR 15 B DRSS FES FAE SF 104% 103% 104 100% 100% 100 913 913 91 Z1027% 1017 102 -2100% 100%2 100 083, 98 80 3 Indiana Sve 5s 50 A __ Indiana Ser 5s 63 A__ |IndP & L 1s Intl Pw_Sec | Interst Pw 5 LUL&P Towa-NL& P Ital Su Pw_ 6s JerCPn\LMaxG Long Is Lt 6 | La Pw & Lt 5 Mengel Go’ 415 | Metrop Edis 45 el et |Minn P& L4 03 s i e b . 110, 109% 110 | Miss Pw B 000390 onn Peop G L & C Phila Rap T o 62._ 3" na3 88 8315 -~ 100% 780 0% & 88 &L 4550 D Seripos S1as 44 mmlg 16“3& Scullin Sle!l 80 Shw 4 r"‘ '(\V‘ 2106 106% 108 10635 1064 108 s 60 B - - 106% 1062 1083 Sou Caro 55 57 7Y Souw P & L s 2022 A~ Souw Fb Bve 63 45 A Std G & E 6s 48 St G & E s 48 cv st Std Gas & K55 A Std Gas fs AIAnIR2 Py ; 45 1087, 108v 108 "’/: %m'; 122": 103‘/: 103% 10315 aw, 58% gg% % P & 66 Vaadn'els 5 41 Cuban Tob 5s 4. Teareo 19 B 5o 52 Unit El Sve 75 56 A e — Wit warran (stp)—Stampe —New. iNelotllbthy impaired by maturity. Negotiability impaired by maturity. 8 28 —wmmutdur- +|Commodity Prices NEW YORK, May 27.—The Press weighted whole: 35_commodities toda: Previous day, 7. month ago, z-’é (1926 average equais 100.) Miscellaneous Markets. Addmm’nl New York m-rnu. as com- e Assocla Rio No. 7, 5%. offerings included Sani 5s at 6.40-7.00. Santos No. tures closed 3 lower. Blln 1.250 bess. July, 5.65b: September, 5.77b; December, 580b, Rio'No. 7 “A” futures, 2 higher. g LEAD—Putures closed 8 hllhu’ !llel. 130,000 pounds.” June, 4.80n; October. TRAITS TIN—Putures closed 50 lower to'28 igher. Sates, 35406 peunds. S, 40.75h. No sales in l(m: !u ur! 20-29, E d higher.” Sules, No 1 mnan-u 150 con~ frdcts July. 10 55-58 September. 18.38- 30; Decem! D800, Bmoked rivied ook WOOL _TOPS—Putures reacted 1 early highs in late afternoon and ci Bh Mod 3 points lower. December. 5 ober. £6.2b; lkndlffl tops. 94.0. unch .—Puture; 3 lo'r Bales. 750 bllcl Jlln! 2“" JUEBoR: Ausust, flm 19 to 11 nigker. A Sales, 985 tons. . July, 4.72n; Sepiember, 4.77; December, 4.86n. RAW HmB—Anurel closed 1140 lower, pounds. E::...b.. 10,06-10; dere: &:fi B0t Mo, 1 ' Western native: maws, b—Bid. I