Evening Star Newspaper, May 28, 1940, Page 17

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, B_,Q'_NMDS ON N. Y. STOC K EXCHANGE |Daily Ol Production i e o i 5% Shows Decline of 8,254 Barrels FINANCIAL. PP ‘A-—i‘l NEW YORK CURB MARKET French Order Near iy ey For 75,000 More Tons of Copper Corporation Bonds Join in Refreat On War News Penn RR gen te moo PanM rQ ¢4 vmu Ra Low. Close. Monarch M1.50e. 1 lB 33 33 Mont Ward A(7) 100s 140 140 llfl Mon LH&P 1.50 100s 15% Mount City C. 20 Mount Prod (.60) 1 Mount Sta P (1e) 1 Murray (O) 25e. 2 Selon— Dividend Rate Add 00. High. Acme Wire.55e.. 30s uu llu uu Aero 8up B .20g_. 8 bB% b5W bW Afr Assoc’ (.50).. L 10% 10% 10% AlaGtSou(sg).. 25s 63 63 63 Ala Power pf (1) 90s 91% 914 91K P46 45 45 4,880,000 107% 107 107% 960,000 101 100 100% 550,000 108% 1084 108% % 9% 9% 101% 101% 101% 104% 104% 104% 884 BSM ::li Phila Eln I“l (i PhilaRC& Irbs?3.. PhilaRC & ir6s¢d . Phillips Petrol 3s ¢8 2% A% 12% Z% 4% 12% 7 2% % 12% Low. Close. 7 "New York Cotton [ Geran Liens Among Few Exceptions to General Trend Bond Averages L ) Net change —7 +id Today, close*48.3 99.1 Prev. day . 49.0 99.0 Month ago. 58.21033 Year ago._. 565 99.7 1940 high__ 59.9 103.6 19040 low. .. 483 99.0 1039 high_. 64.9 102.0 1939 low... 534 9538 90.5 *36.1 916 38.0 974 47.1 96.1 622 975 53.5 90.3 36.1 975 64.0 904 417 10 Low-Yield Bonds. Close 108.7 Prev. day 108.6 M'nth ago 1129 Year ago. 112.2 1940 high113.2 1940 low. 108.5 1939 high 112.6 1939 low. 103.6 *New 1940 low. (Compiled by the Associated Press.) B the Associated Press. NEW YORK, May 28 —Corporate bond prices followed foreign gov- ernment loans to lower levels today on the news of the surrender by King Leopold of the Belgians. German government liens were among the few exceptions to the downward trend toward the close. The rate of trading was limited throughout the day. Loans with a speculative rating took the worst drubping. United States Governments lost as much as !2 point or more. Belgian bonds plunged around 7| points on the average. Canadian loans lost 2 points or more and | selected Japanese issues an outside of 5 points. Domestic corporates under fire in-~ cluded International Telephone 5s, Studepaker 6s, Frisco 4l>s of '78, Kansas City Southern 3s, Baltimore & Ohio stamped convertibles and General Steel Castings 51s. Utilities Power & Light liens| sagged 5 to 8 points in light deal- ings. Canadian National Railway and Canadian Pacific bonds gave up round 4 points. Pressure let up toward the finish in the domestic list and extreme losses were pared in many cases. Foreign issues, however, enced near the day's lows. Chicago Grain By the Associated Press. CHICAGO, May from Europe sent a selling chill| through the grain market today but after prices had tumbled 3 cents & bushel in the wheat pit and 1 or 2 cents in other pits, they rallied &s traders regained their composure. The early break carried values down to within fractions to 21 cents of the minimum pegs below which trading rules prohibit any transactions. As these levels were approached selling diminished and late in the session renewed buying, attributed partly to consuming in- terests, helped the recovery. Regaining almost all the early loss, wheat closed %-7g lower than yesterday; July, 83%-33; September, 831 -3%. Corn unchanged to down; July, 63%-13; September, 62%-1. Oats 'z higher. WHEAT— July 8ept. Dec. 28.—Bad news High, chluu Cash Market. No_sales reported, Corn, No. 1 £812: No. 2. 7. Oats' No. 3 2: sample grade mixed grain, white. 38. Barley malting, 58- 1: feed 40-48 nominal. Soy- Beans Nows veliow. K75, Wheat, Winnipex Prices. WINNIPEG, May 28 (#).—Grain range ay WHEAT— Huzh. [ — i —— OATS— heat, No. 1 o 'M§‘, 3 66%; oatsr No. 2 white, B3V Baltimore Quotations. BALTIMORE, May 28 (7)—Whea—No. R red winter garlicky spot domestic, 1.01% By the Assoclated Press. NEW YORK, May 28.—Cotton fu- tures recovered sharply today after breaking close to $2.50 a bale in early trading. After heavy foreign and domestic selling and unsatis- factory news from Belgium, prices shot back quickly. Trade, mill buying and covering, principally in the July position, re- flected the tight spot situation and accounted for the improvement. British announcement of further restrictions on American cotton im- ports was unsettling, however, and late prices, although around the highs of the session, still were off 8 $0 22 points, with July (old) at 9.54; October, 8.72, and March at 841, Putures closed 6-19 lower. Old eontract: Cottonseed Ol o Bleachable e:ucmequogn ‘tutures closed 8 0 e ember, 6.05-04; Octoer, 8.06; Ilecemher. 61!1 .vmu-ry. 8.1; rieans o;u.mmg, 2fi l"l “—After de- lining more bale, cotton forire Tailied ‘togey With short _cover- ing and reports from Washington that the Senate Banking Committee ap- proved an_increase of S5 200000.000 1 Government funds for _price-supporting €rop loans. _Closing quotations were steady 8 to 16 points net lower. Open igh Low a48, 871 7 9 Close 9.70 “Cottonseed” oif closed uendyn nle.ch- able prime 7; October, 5 5an. Dece bgw*glg?"' b—Bid. London Bar Si Silver May 28 (.—Bar silver, 22d; INDON, oft xa !!qmulenL 3980 cmu. based on the dollar at s 68s: un- changed, (E )2 3 101.8 101.8 105.18 105.18 103.2 103.7 1038 103.8 106.29 106.29 105.26 106.26 104.16 104.28 103.26 108.28 103.18 108,19 103.16 103.16 104.20 104.30 108.12 108.12 107.28 107.28 108.30 108.30 3% ® 194345 .19 107.19 107.19 3Yes 194448 __ 1087 108.7 3%51941-43 Mar 102:30 10230 102.30 8%s1946-66 __. 111.20 111.20 111.20 49 1944-54 11123 111.21 111.21 4%m 1047-53 117.10 117.6 11710 FEDERAL FARM MORTGAGE. 331042-47 103.24 103.24 103.24 HOME OWNERS' LOAN 1148 1945-47 100.10 100.10 100.10 38 1944-52 105.6 105.6 105.6 NEW YORK CITY BONDS 381080 B wi 908 90 9014 381930 I wi 89% BRY 89 FOREIGN BONDS. . Low. Close. 814 81y ™ ™ ™ ™% 26 25 3 734 £9 78 37% 2%» 1956-60.... 381946-48 _ 38 1961-66 3%s 1946-49 Antfoquia 7s 45 A Antloquia T8 45 D _. Argentine 4s 72 Feb. Argentine ¢s 72 Apr.. Argentine 4148 48 __, Argentine 4 s 71 Australia 44 s b Australia 6s 55 Australia 6s 67__ Austris 7s 57 Belgium 6s 85 Belgium 6%s 49 Belgium 7s 66 - Brazil 6148 192€-57__ Brazil 6%s 1927.57 Brazil C Ry El 78 63 Brazfl 8a 41 Brisbane Gs 58 Buen Alr 41, Aug 76 Buen Afr 4%= Apr 76 Bulgaria 7s 67 _ Canads 2% s ¢4 _____ ada 2% s 45 .. ‘anada 3s 67 _ Canada 3s 68 Canada 3% s 61 Canada ¢s 60 _ Canads o= 52 Chile 68 60 ansd _. Chile 6s 61 Febr Chile 7s 42 ansd Chile Mtg B 6562 asd Colombia 6s 61 Jan Colombia 6s §1 Oct _ Col Mtg Bk 63%s 47 _ Copenhagen ¢35 53 Copenhagen 68 52___ Cuba 434877 Cuba 5%s 63 Denmark 41%s 62 Denmark 6s 42 5 Dominic 1st 6% 40 . Ger Govt 6%s 65 Ger G 6%s65unst__ | German Govt 7s 49 Ger Gov 75 49 un st Grt C £l Jap 6%s 50 Grt CElJap Ts 44 __ Italy 7s 61 sne 1talPUCra7s62 .. Japan 5%s 66 . Tanan 6%s 4 Jugos Mtg Bk 7s L Mexico bs 45 asst __ Milan 6%s 62 Minas Geraes 6%s §9 Norway 4s 63 Norway ¢} s €5. Norway 6s 42 Norway 6s ¢4 Orlental Dev 6%s 58 Oriental Dev 6s 53 Panama bs 63 st asd Panama6%s63 ___ Pernambuco 78 47 Peru 24 6s 61 Poland 4%s 58 asd Poland 4%s 68 asd Prussia 6s 52 _ Queen: d 63 47 Riode Jan 6%= 563 _ Rio Gr do Sul 8s 46_. Rome 63%s 62 Rumania 7s 59 Sante Fe Prov 4s 64._ Sao Paulo C 638 57 Sao Paulo St 6s 68 Sao Paulo St 75 40 _ Sao Paulo St 78 56 _. Silesian Bank 6s 47_. Sydney 6%s 55 Tokyo City 6%s 61_. Tokyo El Lt 63 63 Ujigawa E1 P 7s 45__. Oru3% 4-4%=adi79 Uruguay 4%s 78 __ Uruguay 4%s-4%s 78 41% DOMESTIC BONDS. abitibl P&P6s63__.. 30% Alleg Corp 6s 44 Alleg Corp 68 49 Alleg Corp bs 50 std_.. Alleg Valley 4542___ Allled Stores 4 %s 51 Allis-Chalmers 4s 62 Am & For Pw 6s 2030 Am 1 GChb%s 49 AmT&T 3% AmMT& T 6%s ¢3_ Am Wat Wks 63 75__ Anaconda db 4348 60 Anglo-Chil Nitr db 67 Armour(Del)1st4s 66 Armour(Del)4s 67 A T&S Fe 45 60._ A T&s A T&S L A T&S Fa €A 4%s 62 AtlGulf & W 165 69_ Atlantic Refin 3s 63._ B&O 1st4s B&Ocv60satd B&O 1st ¢8sstd._ B & O 1st 4s 48 reg. B & O 95 A stampe B & O 95 C stamped._.. B & O 96 F stamped.. B&O 2000 D stpd Bang & Arcv ¢s 61 st Bell Tof Pabs48 B . Beth Steel 3% 8 69 F. Beth Steel 815 62 Boston&Me 4%s 61 st Bos & Me 53 86 Boston & Me bs 55 st.. Bos & Me 5s 67 Boston & Me bs 67 st Bklyn C RR 6s 41 cfs Bklyn Edcn 3% 66 . Bklyn Man T 43%s 66 Bklyn Man 4 %8s 66 ct Bklyn Un G 6s 57 B Buft Roch & P 67 std. BCR&Nclbs34 Bush Ter Bldg 6s 60. Canadian NR ¢ %8s 61. Can NR 4%» 5 Can NR 4% Can NR 4% Can Nor 6% Can Pac db ¢s perp.... CanPac4%ed6 ... Can Pac 438 60 CanPacbs ¢4 ... Celotex 4 %48 47 ww._ Cent of Ga 6%s 69 Cent Ill Lt 3%s 66 Cent N Eng 4s 61 Cent NJ gnbs87rg._ CentN Y Pw 2% 863_ Cent Pac 1st rf n o 30% 1% 1% 1% 110 110 110 87 871 ‘87 1y 1% 1y 106 106 106 59% b59% 59% 33 36y 102 102 103% 103% 95 _ 95% 119%°119% 9% . 9% 841 Ches & O 3148 96 b__ C&Ogendlyns3____ Chi & Alton 38 49 C B&Q 111 aiv 3%s b 3 b| Chi& B I 61 et . Chi & Erle bs 82 Chi Grt West 48 Chi Mil & St P bs 5. CMA&StP adj 63 2000 Chi&NW gen 31%s87. Chi&NW ¢%s 2037 C. Chi& NW ev 4%s ¢ Chi&NW gen 6s 87 Chi&NW rf 68 2037 Chlldl.Cnbl CinG& E3%s CCCASIL rt 44 77 CavElIN3%e 65 Ciev Short L 478 61_ Clev Un Term és 73 Col OIE 6863 Apr _. Col G & E 6862 May. ColG & Ebn6) Colum RP&L Comw Ed 8 4. Comw Fd3%s Conn R&L 43861 __ Conn R Pw 8% 61 _ Cons Coal Del 63 60 . Cons EdN ¥ 8% ¢ Cons ENY ab 3 Ce EaNYS . Cons EA N Y 3%s 68 Consol Ol $%a 61 Conaum Pwr 83 = 68 Consum Pw 1st 3% ¢9 Consum Pwr 3% 65 Consum Pwr 3148 67 Consum Pwr 3148 70 Container 8s 46 Contl 01l 2% » 48 Crane Co 3%s 6 & Crucible Steel 0%\4' Del & Hua ref ¢a 43 Den & R G con 4s 3¢ D& RG W bsfbast.. Det Edison 4s 65 Det Edinon 4148 61 Duluth SS&Ttl Duguesne Lt & v Eleo Auto Lt ¢s 62 Erie 18t 48 9 Erle gen 45 96.__._. Erioref 6867 ... Brie ref 58 75 Erie Gen Riv 6s §7 Erie & Jersey 63 55 Fed Lt&Tr 5s 42 st__. Fed Lt&Tr 63 42 - Rirestone T 3%, Fla EC Ry 4 %5 69 Fla E Coast Ry bs 74 Fla EC Ry fis 74 ctfs Gen Am Inv bs 62 Gen Mot Acc 3%s 61 Gen Stl Cast 6%s 49 Goodrich 4 s 68 Grt Nor Ry 4546 G _ Grt Nor Ry 4s 48 H Grt N Ry Ist 4% s 6% Grt NR 4%s 76 D Grt NRn 4% 77 B Grt Nor Ry 6818 __ Grt Nor Rv 6%8 62 _ Gulf Sta Stl 4 %= 61.. Hock Val 414899 _ Hoe(R)1st mtg 44 __ Housatonic cn 6& 37_. Houston U1l 438 64 _. Hudson Coal 58 62 A Hud & Man inc 68 67. Hud & Man ref ba 67 111 Bell Tel 3%370 B 111 Cent 3%s 52 111 Cent 43 63 111 Cent ref S (11 Cent 4% s 66 - ICC&ST NO 41%s 63 .. ICC&StL NO 55 63 A indnet Ravon 4lis 42 Inspir'n Cop 1st 4s 52 Int R T ISt rt 68 66 et Int RT 6s 32 - Inter R T 78 32 - Interlake Iron 4s 47_. Int Hydro E s 44 __ Int Mer Mar 6s 41 _ Int Paper 1st 63 47 _ Int Paper ref 6s 65 . (nt T&T ¢ %= 63 Int TAT B= 65 Kanaw & M 4s 90 KCFS&M rf 4s 36 et Kans City So 33 60 K Laclede Gas 68 42 Laclede Gas 638 63 .. Laclede G 5%s 60 D . LakeS & M S 34s 97. Lautaro Nitrate 75.... Leh C&N 41864 A Leh C&N 4% 364 C Leh V NY 418 40 asd LV RR 482003 asd . LV RR con 452003 _ LV RR cn 4%s 2008, Leh Valley RR 4158 2003 asd reg . Libby MeN&L 4s 65 Lizg & Myers 58 61 Liquid Carbon 4s 47. Loew's 3155 46 Lone Star G 3348 53 _ Long Is!d ref 43 49__. La & Ark 6= 69 L&N4%82003_____ L& NG6s2003B - L&N So Mon it 4s 52 MeKesson&R 638 50 Me Cent RR 4545 _. Manat! Sugar 4s 67 _ Manhat Rv 48 90 ot Marion St Sh 6s 47 st Mead Corp 418565 __ Metrop Ed 41%s 68 Met West Side 4538 _ Mich Cons Gas 438 63 Mi] Spa & NW 45 47 . MStP&SSM cn 4= 28 MStP&SSM cn 5s 8 MoK & T 1st 4890 Mo K&T 4362B. _... Mo K&T 63 63 A Mo K&T ld! 58 67 .. Mo Pac Mo Pac Mo Pac 7 Mo Pac 6878 Gocauue MoPacbs811 ____.. Mo Pac %8 49 Mob & Ohio 41%s 77 ct Mob & Ohio 6s 3% Monong P S 413560 . Monong P8 6s 65 __. Mont Pwr 3% s 66 Morris&Es 3%s 2000 Morris & Es 4% s 55 _ Morris & Es 6s 55 Nat Dairy 3%s 61 ww Nat Distill 3%s 49 _ Nat Steel 3s /5 Natl Supply 3%s 64 New E T&T 1st 63 63 New Or' PS 6862 A New Orl PS6s65 B Newpt & Cin 41%s 45_. N Y Centrai 3% s 562 Y Cent con 4¢3 98 Cent 4148 2013 A Cent rf s 2013 Ch) & St L 4s 46 Chi&StL 4%s 78 C&StL 6%8 74 A Chi & St L 6s 41 Edis 3% = 65 D FEdis ref 3% s 66 & E 1st 45 47 ZZZ2ZZZZZZZZZ A g g rd g 3 North Am 3% 864 _. Nor'n Pac gn 3s 2047. Nor's Paoc ¢s 97 fit Nor'n Pac ¢145 2047_. Nor'n Pac 68 2047 D_.. Nor'n Paoc s 2047 . North Sta Pw 3145 &7 Ohio Edison 3%s 73_. Ohio Edison 4 Ont Pwr Niag 68 43__ Oreg RR& N 4346 _ Oreg Sh L bs 46 gtd-. Oregon W RK ¢s 61 . Pao Gas& E1 3%s 66 PaoG& E3%s 6l PacG & B ¢ Pac T&T rf Par Broadwy 3s 66 ct Param’t Plc 3% s 47_. Penn Co ¢s 63 Penn RR 34863 .. Penn RR 3%s 10_.. Penn RR 45 43 _. Penn RR¢%s81 .. Penn RR4Us 84 Fenn RR &b sle 10 107 66 64% 5 21 29% 99% 974 107 1104 1087% 115% 107% 5974 1044 104% 1034 105% 1023 104 104% 104% 105 1064 10144 1044 1034 104 9974 1014 107% 13% 106% 105% 100% 102% 804 108 66 64% 7% 23 100 99% 9T% 107 110% 106% 115 107% 60 105 1054 1034 105% 102% 104 104% 1043 105 106% 1014 104% 1034 10414 2974 1014 40% 48! 46% 4 105% 105% 105% 102% 101% 104 106 104 110% 109% 101% 106% 106 . 108% 108 108 109% 106 105% 106 42 kid 99% 100 105% 104% 106% 100% 100% 100% 78 83 88 108 108 90 6% 78 83 108 89% 89Y% 895 89% 899 117% 117 5% 95 80% 79 A \ 17 95% 80% POC&SIL 4348 77 PCC&StL 6576 B Piits C&Ir ¢348 62 . PINt&W Va 4142 60 C Porto Rico A Porto RA T 8s 428t Poatal Tel &,C 68 53 Pub Svec E&G 55,2037 Pub Sve N 111 3348 63 Purity Baking 6s 48 Reading R4%8 987 A. Rem R'd 448 Republic 8tl 4% Republio Stl 4148 Republic St} 6%n 64 Richfield Of) 48 62 .. RIoG W Ist 4830 .. RIOG W col 4849 A__ Roch GAE 3% 69 | Baguenay Pw 43 s 66 St L IM&R R&G 433 StLIM&SR&G4s33 ct St L P&NW bx48 St L PubSer8s 69._ St L-San Fr4sb0 A .. St L-San Fr4sboct.. St L-San Fr4%s 78 StL-SF4ykT8ctat StLSWrerbs90 _ San AZA Pars dn 43 San Diego CG&E 4885 Seabd A L 4360 stp . Seab'd A L con 6s 45 Seabd A L8n4bet _ Seabd A F6s 35 Ant_ Shell Un Ol 2% 64.. Simmons Co ¢s 63 _ Skelly Ofl 4s 51 Socony Vec 3r 64 SoBell TA T3s79 _ So Bell T&T 3= 62 Southn Cal G 4s 85 . Southn Cal G 4% 61 So Colo Pwr 65 47 A Boutnn Kraft 4148 46 So Pac 3% 46 8o Pac col 48 49 So Pacref 4s65____.. So Pac ¢% So Pac 414 69 So Pac 4%s 81 So Pac Orex 4%s 77.. SoRvgends b8 A _ So Ry b8 94 8o Ry gen 62 66 So Ry 648 56 S W Bell Tel 33 Stand Ofl NJ 2% 63 Stand 011 N J 3s 61 _ Studebaker cv 6s 45 .. Swift & Co 3% 850 Ter RR As StL 463 T.lll Corp3sby .. 8 Corp 3%m 61 _ Te!l! & Pacbs17B_ Tex&Pao 1st 53 2000 Third Av ref 4 £5 Third Ave 1st 7. Third Avad16s 60 Tide Wat Ofl R348 52. Tri-Contl §s 43 Un E1(Mo)3%s 62 Unton Ofl(Cal Un Pacific 18t 4s 47 Un Pac ref 4s 2008 United Drug 6= 63 UtdNJ R4s 44 _ Utah Pwr & Lt s 44_ Utility P & L 6s 69 Utility P& L 5 %847 Va Ir C&C bs 49 Va Ry Ist 3% s 66 Wabash 1st 6339 Wabash 2d 6839____. Wabash 6580 D Wabash 6%s 175 __ Walker H&ES t s [T Walworth 4s 65 Warner Bros 63 48 Warren Bros cv 6s 41 Westcht L gn 3148 67 West Penn P 3148 66 West Va P&P 38 54 West M4 18t 4s 52 West Md 5% s 77 West Pac 6s 46 West Union 4 West Union 6s 51 . West Union bs 60 Wheel& LEds 49 __. Wheel Steel 4163 66 .. Wilson & Co 3%s 47 Wilson & Co 4s 65 Wis Cent 18t gn 43 49 Wis El Pw 3%s 68 _ Wis Pub Svo 4s 61 Youngst'n S&T 4 Youngst'n S&T 1 96 4 1011 154 106 107% 1011 101% War Risk Insurance Rates Withdrawn By the Associated Press. NEW YORK, May 28.—American marine insurance underwriters to- day withdrew all rate schedules for war risk insurance on shipments be- tween the Western Hemisphere and the English east coast north of Southampton and the French coast north of Brest. The underwriters announced that shippers desiring war risk coverage on such voyages could obtain rates “only on application.” The rate on ocean shipments to other United Kingdom ports, to Ire- land and to Brest was fixed at 314 per cent of the value of the cargo, while the rate on shipments from those ports was fixed at 3 per cent. Rome Security Prices Climb Sensationally By the Associated Press. ROME, May 28.—Ptices rose sen- sationally in the securities market today on news of the Belgian sur- render. Many issues jumped 10 to 30 points. Stocks of two metallurgical companies soared 65 and 82 points. Financial circles attributed the rise to growing confidence that realization of Italian “aspirations” was near in view of the military situation in the north. Chicago Produce CHICAGO. May 2R (#).—Poultry, live. 68 trucks; firm; hens. over 5 pounds, 15; under 5 pounds. 16%: Lesnorn hens. 131} springs,_under 4 lymouth Rock. White” Rock 261 other Jrices un- 1242,055; steady: prices un- 5.465: steady: orfecs unchanged. Fotatoes. 40: on track. S68: total D 8. shipments,” 684: California, long_ whites, demand good. ‘market strong; Southern Bliss Triumphs. demand moderate, market slightly stronger: Calfornia, long whites, U. 8, No. 1. washed, under initial ice. 2.80- 65; under ventilation, 2.50. U. 8 1, size B, under ice,'2.00: Alabama. Bms Triumphs, U 6. No 1, washed, 2.60-70 hed, 2.50: U. S. Ne 0. 1, size Bliss 'Triumphs. 2.65: llr»cundmnl:/:d heated ana Cipotted. cur. T8 Ol supply light, demand moderate; 1dano Rus- sets, market forthern siock, market strong: Idaho, Russet Burbanks, 8. No. L, 2,55:76; South Dakota, Red River Vai: ley section, Cpobiers 6tmd Warbans, gener- ly gaod quall ) Fre’igM Loadings (P).—Revenue 28 rlllr ads reporting ended May 25 included: May 5?{9"‘ ¥r. 8g0. 7810 38 NEW freight lrbldlh today for he wee 1:' Northwestern nta Fe __ Erle Norfolk & West._ N Y Central Southern Rallway Frisco Illinois Central Missouri Pacific New Haven Rock Islan Bouthern Pacific 8t. Paul C. & O, Nickel Plate Pere Marquette_ Burlington Pennsylvania ‘Wabash Rwy. Leather Exports Gain Exports of leather are reported by the.Commerce Department for April at $1,238,890, an increase of $296,000 over the same month in 1939. 3 ‘| product index is now lower than at 9 | paid June 15 to holders of California Output Off Most; lllinois Flow Reduced By the Assocated Press. TULSA, May 28.—Daily crude oil production in the United States de- clined 8254 to 3,837,429 barrels for the week ended May 25, the Ofl and Gas Journal said today. Heaviest decline was in California, off 16,450 to 607,300. Kansas was down 4,700 to 160,500; Eastern fields, 2,000 to 108,600; Illinois, 2,334 to 433732, and Michigan, 1427 to 59,613, While East Texas flelds declined 43 to 396448, all Texas increased 3,785 to 1,463,724. Oklahoma moved up 9,500 to 423475; Louisiana, 3,754 to 304,162, and the Rocky Mountain area, 130 to 88,350. Canadian Shipment Boosls Gold Imports Sharply By the Associated Press. A huge Canadian shipment boosted gold imports in the week ended May 22 to $164,906,059, nearly $65,000,000 larger than the preceding week. Canada shipped $129,983,239 of gold. This was believed by officials to be part of the British program of paying for war supplies. Other em= pire shipments included $11,633,637 Irom the United Kingdom, $5,023,720 from Australia, $5,100,585 from South Africa and $2,301,843 from Hong Kong. Other large shipments included $2,950,335 from Hungary, $2,728,026 from the Netherlands and $1,233,346 from the Philippine Islands. Part of the imported gold was deposited with other foreign gold held under earmark in the Federal Reserve banks, and the net total of these deposits increased by $17245291 during the week to about $1,275,~ 000,000 Silver imports amounted to $1,- 268,155, including $503,335 from Mexico, $231,214 from Chile, $105,739 from Peru, $295,672 from Japan and $41,685 from Canada. Gold exports amounted to $7,408 and silver expor'.s totaled 810 233, Wholesale Commodity Index at New Low The wholesale commodity price | index compiled by the National| Fertilizer .Association declined last week to the lowest point reached since last September. This index in the week ended May 25 was 75.7, compared with 76.5 in the pre- ceding week, 77.8 a month ago and 723 a year ago, based on the 1926- 1928 average of 100. The highest point recorded this year was 78.5, in the first week of January. Price declines last week were widespread throughout the com- modity list, with industrial com« modities, as well as farm products and foods moving downward. Al- though the food price index has shown marked declines in each of the last two weeks it is still above the low point of March. Fifteen items included in the food group decljned during the week, while only two advanced. The farm any time since the sharp advance last September took place. Lower quotations for petroleum and fuel oil resulted in a drop in the fuel price average. The textile index again moved downward, reflecting lower quota- tions for cotton textiles and yarn, burlap and raw silk. Declining prices for copper and for brass products, which more than offset advances in steel scrap, silver and tin, caused a slight drop in the in- dex of metal prices. Declines were also registered by the indexes repre- senting the prices of fertilizer ma- terials and miscellaneous commodi- ties. The building material index registered a small advance. D. & R.G. W. Revenues Slightly Above 1939 By the Associated Press. DENVER, May 28.—The April statement of the Denver & Rio Grande Western Railroad Co. showed. operating revenues of $1,824,366, compared with $1,712,147 in April, 1939. Operating expenses were cut to $1,616,580 from $1,650,239 last April. Net revenue was $207,786, com- pared with $61,854 in April last year. Railroad officials reported they were able to reduce the deficit for net railway operating income for the month to $66,850, compared with a deficit of $195,850 in April, 1939, Dividend Is Ordered By Atlantic Refinery By the Associated Press. PHILADELPHIA, May 28.—The board of directors of the Atlantic Refining Co. yesterday declared a dividend of $1 per share on the cumulative preferred stock convert- ible 4 per cent series A of the com- pany, payable August 1, to stock- holders iof record at the close of business July 5. C.&N.W. biscloses Loss of $1,243,911 By the Associated Press. CHICAGO, May ZB—The chlougo & North Western Railway Co. re-1| ported a net loss of $1,243911 for April, compared with a net loss of $1,709.964 in’ the like 1939 month, Net loss for the four'months ended April 30, 1940, was $5,877,890, com- pared with $6,799,172 in the cor- responding 1939 period. ?: $1 Dividend Declared By Todd Shipyards By the Associated Press. NEW YORK, May 28—Directors of Todd Sthyardx Corp. yesterday ordered a dividend of $1 a sharé record June 1. The company paid 75 cents in March. Last year $1 was paid in| March and 75 cents was paid in each of the three remaining quar- ters. Apprentices have been barred from defense forces in South Africa. } | Compo Shoe (1) Alum Co Am (2¢) uoo- l“ ML‘ 145 Alum Goods .20e Alum Ltd (3e). Am Box Board Am Centritugal . Am City P&L(B) Am Cynam B 60 44 Am Export .50e . 13 Am Fork & H.70e 1508 AmGas& EI 1.60 15 Am General 1 AmGenpt(2) 4508 Am Hard Rubber 50s Am Laund M .80e Am Lt&Trac 1.20 Am L& T pf 1.60. ‘Am Maracaibo... Am Republics Am Superpower . Apex Elec (.25e). Ark NatGas . Ark Nat GastA) . Ashland O&R .40 As80 GEE (A)(r) Atlas Corp war Atlas Drop F.20e ' Atlas Plyw 825¢ Aviation & Trans Babcock & W.20e ‘3 Baldwin Lo war * 23 Baldw L pf 2.10 1008 Barium Stain 8t1 3 Barl&Seel A 1.20 1508 Basie Dol .125e. . 5 Bath Iron Beech Alrcraft Bellanca Aircraft Bell Atreraft 15 Berk & Gay Fur. 11 Bickfords (.60e) 100s Bickfords pf2.50 325s Bliss (EW) 28 1 40s 2 5 l 5 2 7 - 0 RGO A e Gyt 08 21 4 Bohack (H C)1at ilian TrL&P Breeze Corp 50g. Brewster Aeto .. 89 Bridgp't Machine 5 Brill ot 50s Brit-AmOrg (1) 2 Brown Co pt (r) lSOn Brown Rubber Buckeye P L (2e) MOI B N&EP pt 1 60 5 B N&EP 1st (5) .50 Bunker Hill 500 1 Callite Tungsten 3 Camden Fire 1(1) 30s Can Col Airways 14 Can In (A) 158 4 Can Mar W 04e 3 Cap City Pro .15e 1258 Carib Syndicate 10 Carman (A)(2).. 2 Carrier Corp : 2 Casco Prod (le) . 3 Catlin (Am). 2 Celan pte pf (Ta) 450s Celluloid pf - 53 Cent NY Pwpf 6 110s Cent Ohio Stl.55e 1 Cent P& L pf (7) 50s Cent States Elec 4 Chesebro (4a) . 50s Chi Flex 8 (5a) . 50s Chi Rivet (.50e)_ Childs pt CitiesSve P& L pf (6) 13.50k _ CitiesSve P& L (7) pf 15.75k 50s City Auto Stpg.60 = 6 Claude Neon L. 4 Clev Elec 11 (2a) 508 Club Alum Uten 2 Colon Develop 2 Col Fuel & | war 6 Colts Pat F A (2) 350s Columb 01 & Gas 2 Com P&L 1stpt 25s 3 R i lOn 108 Conn Tel & Elec. Cons Retall Strs Consol R S pf (8) Cons Stea) Corp ContlG&R pr of 7 30n Contl'Rol & Stl 23 Cooper-Bess __. Copper Range Cosden Petrolm. Creole Petr 50a Crocker-Wheeler Darby Petroleum Decca Rec 60 Dejay Stores .20e Dennis'n pr pf 3e Det Stl Prod .25e Distilled Liquors Divco Twin T.25e Duke Power .75e 100! Duro-Test Duval Tex § .25e l Eagie Pitch Lead 12 East'n Gas&Fuel 4 Eastn G&F 6f 300s E G&F prpf 2.25k 150s Eastn Sts pf A 258 Eastn Sts pf B 26s Easy W (B).125¢ 3 Elec Bond & Sh 78 ElecB&Sopt (5) 2 ElecocB&Spf(6) 8 Elec P&L 2d pf A 50- Electrol vtc EIgin Nat W .50e 505 Emp G&F 6% pf 10s Em G&F 6% % pf 10s Emp G&F 1% ot 1508 Equity cv pf (3) 125s Esquire (.60) __. 4 Fairchild Avia .. 5 Fairchild E& A 42 Fanny Farm 1.60 50s Fansteel Meta! 1 Feddgrs Mfg .15e 1 Fla P&L pf 3.94k .25s Ford(Can)A(1) 5 Ford Ltd (.16g) Froedt cv pf 1.20 Fruehauf T .60e Gen Fireprf 25e Gen T&R pf A(6) 20s Ga Power pf (6) 50s Gilbert (A C) 1 Glen Alden 125e 2 Godchaux A (2) 1008 Gorham M 1.50e. t GA&Pnv (5e) 1268 Greenfield T & D 2 Guif Ofl of Pa(1) 8 Hall Lamp (.80e) 1 Hearn DSpf 1.50k 1508 Hecla Min .20e _. 16 Helena Rub 758 2 Helena R(A)(1) 50s Hewitt Rub .25e_ 1 Hollinger G 65: Horn & Hard 12) Humble Oil .75e . Hum'l Ross 18e Lllinots-1a Power 111-1a Power pt [11-1a Pwr div et Imp Oil Ltd 60a Imp Tob Can 40a Ind Pipe L 10e Ind 8ve 1% pt Ind apP&Lpf 6.50 30s IneCoN Am 2a 100s Int Hydro El pt 1 Int Pa&Pwr war 58 Int Petrolm 1.50. 33 Int Petreg 1.50a 1 Int Products .25e 2 Int Utilities (A)_ = 2 Int Utilities (B). 2 Interst H £q .50, 2 Iron Fire vte 1.20 100s Irving Air Ch (1) 2 Jacobs Co Jor CPEL vt (6)_ Jones & Lav Stl. Kennedy’s (.65¢) Koppers of (§) _ Lake Sh M (le)_. Lakey Fdry & M Lehigh Coal 2 Le Tourneau (1) 2 Locke Steel 1.20 2008 Lone Star 20e 4 lan( island Ltg 2 Long Ltof B 508 Loudon Packing 4 La Land&Ex .20e 19 Lyneh Corp (3) 50s McWill msDredg 1 Majestio Radlo 14 Mass Utfl Assoc 1 Master Elec 1.20e 200s Mead John 3a) 508 Mercantile Sts 1e 5008 4 1008 2 9 2 2 3 1 s 25 4 2 2 1 2 3 1 58 &5 2 2 4 9 15 12 4 30s 10 4 40s 10 1 20s 90 ks (1 £ 184 6% 6% 1% 103 22 184 6% T 1% m:m 7 86% 19"4 104 100 88 4% 5% 20 19% 881 % 25% ke 13 L3 8 4 8 100 88 4% 5% 20 19% 884 % 26% ™% 13 4% 8 11 100 88 6 27% 48Y% 5% 3 22% b4 6 8 6! 6% 12 12 12 lnzu 102% mm 531, 5% 2% 10% 10 3% 6 12% 12 2 90 18% 5% 7 125 126 1256 1 11 M & M pt pf (2a) 1508 25! - Mich Steel .30e__ 508 Midvale (2.50e) .. 50s Mid-West Abras.. 1 Mid West Corp 7 Midwest Uil .90 2 Minn M & 8 .60 50s Mo PublieSve... 1 Mock Jud V 35e_. 3 Molybdenum 36e 14 * | Scovill Mfg .50e | Seullin Steel | Seal Lock | Setect industries Muskegon :35¢ 150s Muskogee pf (6) . 20s NatCity L (.50e) 2 NatCity Lpt (3) b50s 35 Nat Cont (.15e).. [ Not Fuel Gas (1) [] Nat Ot} Prod .26¢ 1 Nat P& L of «6) 200s Nat Rubber Mack Nat Sugar Refin. Nat Tranp't .50e_ Navarro Of] 40a. Nehi Corp.125e_. Neptune M (A) NEPA 6% pf (3k) New Haven Clock NJ Zino (1e) ___ NY Merch (.60).. NY P&L pf (7) . NY Shipb'g 14 sh NY St E&G ot 6% 20! 100 Niag Hudson Pw Niag Hud 1st (8) Niles-B-P 1.25e . Nipissing M Nor Am Lt & Pwr Nor Am L&P pt N A Rayon A .50e N A Rayon B .50 Nor A R prpf (3) No Cent Tex .10e 2 NIPS 1% pt 1.76k 308 NorthnStaP(A) 1 N West Eng(.60e} 1008 Ohio Brass B.50e 258 Ohio Pwr pt (6) 108 lll Okia Nat Gas .26¢ Okla Nat G pf(3) Oldetyme Digt. Pac Gas8 % pf1.60 Pac Ltg pf (5) _ PacP& Lot (7). Pantepec Ol Pennroad Pa Cent Atrline: Penn Traffic.15a._ PennG&E (A) Penn I’&L pt (6) 26- 80s 508 40 10 4 20s 24 7 13 2 2 ¥ 108 Penn W & P (4) Pharis T&R 16e 5 Phila E]l Ppf (2) 258 Phillips Packing l Whoenix Secur Phoenix Secur pf 10014 Ploneer Gold 40 6 Pliney Howes 40 3 Pitts & L E (2¢) 160s Pitts Plate G(2e¢) 12 Polaris Mining 3 Powdrell & A .20e 1 Premier Gold 12 10 Prent Hall 2.80 508 Pb Sve Col pt (7) PbSve Ind 36 pt 1758 P8 Ind $7 pr pt 58 Pug 8d $5pf 1.25k 3508 Puget 84 P $6 pt 6508 Pug S4 Pulp 1.25¢ Pyrene (.20e) .__ Quaker Oats (6) 110s 100 Raym'dConpf3. 40s 34 Red Bank Ol 11 Reed Roll B (1a) 3 Republic Aviatn 40 Rheem Mfg (1) £ Roch G&E of D6 150 Rome Cable .20e 2 Root Petroleum 2 Root Petrol pt 1 Royal Typ (2e) 1008 Rustless 1&S.30e ® 1 St tiexis Paper 21 St Regis Pap pf 100s sait bome Ol T Sehiff Co 1) 100s 66 1 2 5 2 2 14 Seiberling Rub 4 Selby Shoe 125e¢ 100s 2 Sel Ind alct 5,60 150s Sel ind pr pf .50 508 Seton Leather __ 1 Shattuck-D(.10e) 3 Sher-Will 1.60e 400s Simmons H & P 9 Stmplicity Pat 10 Singer Mfg (6) So Penn 0il 1.50 S Cal E4 pf 1.50a Southern P L 25¢ 2 Stand C & S 60e 4 Std C&Scvpf 1.60 100s Stand 011 Ky (1) 5 Stand Vi1 O (1) 3 Stand P&L pt 100s Stand St Sp 60e 2 2 Stand Wh Ph 1.20 150s Starrett vie 9 Sterchi Br 2d pf 50s Steriing Alum 2 Sterling Inc (.20) 4 Stetson «J B) 1008 Sunrav O1) 05e 6 Sup Ofl of Cal . 1 raggart 5 Tampa Elec 2.24 2 Taylor(Ky)Dist 2 Technicolor 50e 4 Thew Shovel 100s Tilo Root «.65a) 1 ‘Tob Prod Exp.40g 1 ‘Todd Shipy'd 75e 1508 Tol Ed pf (6) 20s Trans-Lux (.10e) 17 Tri Contl war ‘Tubize Chatillon Tubize Chat A le Tung-Sol Lamp ‘Tung-Sol L pf 80 Uadylite (.20e) __ Unexcelled Mfg Un Prem F 8 (1) Unit Airct P Unit Cgr Whelan United Gas United Gas war " Unit G&E pt (1) Unit Lt&Pwr (A) Unit Lt& Pwr pf 9 Unit Sh M 2 508 800s Unit Sh M pf 1.50 20s Unit Speciaities 2 U S Fou «B) U S Graphite .30e 505 US Lines pi 3 USPlywd 60e 1 USPlywpt 160 60s U 8 Radator 4 U S Rub Keclaim 1 Unit Wall Paper ls Univ Corp vic Ut P&L pf 3.50k ]00! Util Equity pf 1k 25s Vaispar Corp 2 Van Norman 4Ue 150s Venezuela Petrol 3 Waco Alrcraft 4 Wayne Knit 1.25g 2 Wentworth Mfg 1 3 s 12 40s 35 ¢ 3 1 1 1 5 6 4 10s 1 Wesiern Alr Exp Westn Md st pf 10, Will'ms ¢RC) 2 ‘Wilison Pr(.40e). 1255 Wolverine T 10e 1 Wright Harg.4va 28 eXtra or extras ¢ Declare Wiihor' werrants NEW sociation, Hambtaciuters. Manufacturers Tr p( @) Natl City (1) New York Trust (5) Bublic (%) & T tent over year, 4 124 % 2% 1% 13% 2% 974 Penn Salt (5.25e) 25s lsw‘. 208 lanu 381 T4 155 T 175% 4% 31 extra dividends are not m.l\l“ d ted dividends | Ehi a1 or lhnhk mn iloel h stock 6% 11% % 11% 35 33 7 Th 17 111 11 14% 14 40 4 1 28% 28% 28% 1008 101% 101 “ 1 101% 74 32 32 110‘. 110% 9 2% 8% |0 243 Negotiations Reported Virtually Completed At New York ‘ By the Associated Press. NEW YORK, May 28.—Copper trade sources reported today that France virtually had completed negotiations for purchasing 75,000 additional tons of copper, mainly from American companies. The contemplated order would bring Prance’s wartime copper pur- chases to 375,000 long tons valued at almost $100,000,000. The value of the proposed pur- chase is about $18,900,000. Participants in the order, it was said, would be Anaconda Copper Mining Co., from its mines in Chile and its Greene Cananea properties in Mexico; Kennecott Copper Corp. from its Braden mine in, Chile; Union Miniere du Haut Kntnngu. the Belgian-Congo mining company, and American Metal Co., Ltd. as selling agent for Cerro de Pasco Copper Co., with properties in Peru. John Hanes Is Given Third Directorship By the Associated Press. ‘NEW YORK, May 28.—John Wes- ley Hanes, former member of the Securities and Exchange Commis- sion and former Undersecretary of the Treasury, today was elected to his third directorship in recent days. International Paper & Power Corp. announced his election to the board. Yesterday he was elected a director of Johns-Manville Corp. Previously he was elected a director of Bankers Trust Co. Hanes, 48, served as Undersecre- tary of the Treasury for a year prior | to last December. Transit Investment Trustees Appointed | By the Associated Press. PHILADELPHIA, May 28.—Af- fairs of the $39,000,000 Transit In- vestment Corp. were placed today under the control of three Federal Court trustees to aid in “reorgani- zation and rehabilitation” of the for- mer Mitten Bank Securities Corp. Federal Judge George A. Welsh declared the action was designed to protect employes of the Philadelphia Rapid Transit who invested over $15.000.000 in the organization. At earlier hearings accountants | had testified that assets which cost | $38536,14¢ now have a market value of $8,807,652. 500 Tons of Leud Sold NEW YORK, May 28 (P).—S Joseph Lead Co. reported 150 ton of Southeast Missouri pig lead sold * | yesterday at $4.85 per 100 pounds | East St. Louis; 200 tons at $5.05 % | New York, and 150 tons at the New 2008 104‘1 1 301 4 38 4 ™ 5 3% 3% p, rin oankruptcy or receiversnip or oeins reorganized unde; the Bnnlnmlu Au u oald -3 € st oyt b {New York Bank Stocks Y May 28 (P).—National As- ties Dealers, Tnc: (Quotations s of 2 v'clock.) Implement Exports Soar Exports of farm equipment, the Y°;’{,,$}.‘;{,-‘ W Commerce Department says, totaled Olm TOD $10,013,391 in April, a gain of 42 per the similar month last | York average. Curb Bonds DOMESTIC, High. Low. Clos: Ala Power Bs 51_ Cent St El 51 54 Cen St P&L 5ias 53 Ch o 10735 1073, 100 00 Fla Per counn, Florida P&L Gen Bug DL 65 sa Gen W W&E bs 47 Georma Bw e 67 10332 104 Glen Alden Cl 45 ABLL BB 093, 003, 106 108 RR1y RR1 10134 10134 x 100 2 71 Jackson G s 42 st 2 391 2 Jer C P&L 4155 A1 C 10334 1033 LS Dist P 31os 66 A 1051 10518 La Pw & 57 10aia 10312 10212 i 2100 108% 108% 223, 9235 923y 0 9 9 ABla H6L, 9615 a0tz 00v 9015 Miss River B 109 ~ 100 * 109 NetP& L 126 A" 100% 109V, 100 Nat BT SLa030 8 - 1011 1011 fot s Nebr Bwr 41s 81 110% 110% 110% 222105 7103 103 /015 8815 ALy Mm% 8303 031 m’: m .'!1 2105 10414 102 P 5las 36 D 10814 03w Ohfo “pover 51as B8 104 104 104 Ohio Pub_Sve 4s 62 106% 103% 106% Okla Nat G 3%s 55 10814 10818 10410 ac P & L 55 55 RT3 % fars 210214 1043 1M‘1 10413 91 93% 39%, & 15 102 102 102 105% 105 105% 3% 56 1116»;1|bh.1m'm AV 74 74 86~ 86 86 7l 07% 97 st 10 3 xmlg 102 22 65 95 v Wes Wis Phl.h York Ry 5 [+ mi-goc 7. 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