Evening Star Newspaper, January 29, 1942, Page 20

FI A-18 x New High Records Reached by Issues On D. C. Exchange Bond and Stock Prices Exceed Quotations At End of 1941 By EDWARD C. STONE. Six issues listed on the Washing- ton Stock Exchange already have sold higher in 1942 than at the end of 1941, some even being at the highest prices in several years, a survey discloses. In the bond division, Capital Trac- tion 5s, which have just sold at 105, closed 1941 at 103. However, these bonds, which are the most active on the list, show comparatively small fluctuations, very few being offered for sale at any price. Turning to stocks, Capital Transit, in reaching 22, has advanced to the highest mark in years. The 1941 high was 17 and the low 15%, and in 1940 the best price was 17% and the lowest 11. The recent ad- vance is due to the annual report which revealed earnings of $543 on the common stock in 1941, against $3.60 per share in 1940. ‘Washington Gas common also has gained about three full points so far this year. ‘Mergenthaler Linotype, now at the highest point in years, 343, closed 1941 at 263.. This stock also has revealed strength because of an unusual earnings report. Two other stocks on the list, Terminal Re- | frigerating & Warehousing Corp. | and Lanston Monotype Co., are now | fractionally higher than at the close of 1941. i Washington Railway & Electric common stock, which has just brought $600 for a single share, cannot be compared with last year as there were no sales on the board in 1941. In 1940 the stock sold at a share. It is the highest priced stock on the exchange, as well as the most tightly held, with the possible exception of Bank of Commerce & Savings. Last year it paid a $40 regular dividend and $5 extra. New Highs Feature Exchange. ‘Mergenthaler Linotype jumped to 34, on the Washington Stock Ex- change today on a 100-share turn- over, agamst the last previous sale at 317 Capltfll Transit reached 22 for the first time in several years, 100 shares changing hands at the new price. The market opened at 21%. Garfinckel preferred appeared on the board for the first time this year, 30 shares selling at 28. It closed 1941 at 271!:. Terminal Refrigerating & Ware- housing Corp. recorded a 50-share turnover at 51, unchanged. National Savings & Trust stock made its first 1942 appearance, 10 shares selling 205, up 1 point. Credit Union Elects Officers. ‘The Washington Gas Light Credit Union has elected these officers: Claude B. Johnson, president; Rob- ert H. Lewis, vice president; E. Da- vid Upton, treasurer; William F. Allen, assistant treasurer. R. W. Reamy, retiring treasurer, was elected a member of the board of directors for a two-year term. Mr. Reamy reported that 1941 was the most successful year the union ever enjoyed. A dividend of 6 per cent was declared. The union has applied to the Federal Reserve Bank of Richmond for the right to be an issuing agent for Defense bonds and Defense stamps, which will be offered to members and the general public. ‘The union has invested in a $500 bond for its own account. Defense Bond Sales Heavy. In his recent annual report Harry G. Meem, president of the Wash- ington Loan & Trust Co., reported that the bank had sold Defense bonds amounting to $1936,987.50 to 3,364 individuals since the bonds ‘were placed on sale last May. ‘The bank also sold $102,100 in tax anticipation notes. Mr. Meem add- ed that many of the bank’s em- NANCIAL. Stocks (By Private Wire Direct te The Star.) llui- Btock and Dividend Rate. 00 High Low Close M tTAbr&Straus 2e 3 38 38 -3 6 Adams Exp 608 Air Reduct'n 1a. Alleghany Corp_ Ar's'y 330 pf ww Allied Chem 6a _ 1 5% 4140 139% 139% — % All'd Mills 1.25g. 13! 18% 18% — % B% 5% - % 28% - % 65 21% 33 1% ‘fi 64 ¥+ % 165% 165% 166% +8% - AmCable &R__ Am Can & Am Can pt T - AmCar&Plg_ AmC&PDIT . Am Chicle da .. Am Comel Alco... Am Cryst 8 .50e. tAm CrySpf 6. Am&FP 6pf .30 AM&FP 7pf .35k Am & F P 2dpt. nnu»naua - 00 1t 09 1t S 1O N s - Am Radiator !!0 ll Am Roll M .25e. 12 tAm RM p 4.50 160 tAm Sh Bldg 2¢. 10 Am Sm &R .50e 12 Am Steel P 25 Am Stores 25¢_ Am Sug Ref 24 Am Tel & Tel Am Tobac 4.508. Am Tob B ¢.50¢. Am Tobac pf 6. % 204 10128 127% 128 + 1 6 49% 48 48 —1% 16 49% 4815 4815 —1% 1140 140 140 -3 3 5 5 b 20/- 2% 2U%— % 1 73’fi 7! i 73%4— % 4 4 4% 4% 33 27% 27% 2Th - 4% 10112 112 112 + % 1111 111 111 — % Anaconds 2.508. tAnchor HG pf5. Armour Dpt 7 Armour Il Arm Il pr 1.50k. Armstr'g C .30e Assoc Invest 2a_ tAssoc Inv pf 5. 100 AtchT&SP u 26' 1 AtIGEWIDf 5g. 1 AtlRefining 1__ 10 Atlas Corp .508- 4 Atlas Corp vt 3_ fAustin Npf A_. 9 Aviat'n Cp .15g. Baldwin Lo eufs.. Balto & Ohio___ Balto & Ohio pf_ Bangor & ArtK. tBangor & A pt. 60 BarberAsp____. 3 tBark B pf 2.75.100 Barnsdall .60__. 10 Bath Iron 1.258. 1 BeatriceCl1a__. 1 Belding-H 80 __. 1 Bendix Aviat le_ 14 BeneficL1.708. 1 Beth Steel6g__. 13 Blaw-Knox 60_. 5 Boeing Alrplane. 8 tBon Ami A 4s_. 30 tBon A B 2.508-150 Bond Strs 1.80a. Borden .30e ___ Borg-Warn 2g— Brew Corp Bridgeport Br Brns-Blke 2.508 Bueyrus-Els... 1 8 % 8+ Bucyr-Ept7__. 10 nlu. uw, uw. Budd Mt __ . Budd Whi 1.05g. s 6'»- GM s% BurrsAM 15ex 5 Th T4 Th— % Bush Terminal . 2 3 2% 2%=— 4 tBush TBIdgpt. 30 225 21% 21% —1% ButlerBros 60. 2 5% 5% Butler Bpf 1.50. 2 20% ByersAMCo _. 3 % tByers pf1.99k- 50 Calif Pack 150 x 1 Cal Pkg pf 2.5 Callahan Zinc Calumet&Hec 1. Ci Canadian Pac _. Cannon Mills Case (JI) Co 7¢- Caterpillar Celanese 2___ tCelanese prpf § tCelanese 2dpf 7 tCelotex Cpf 5 CentAguirre1.50 Central Pdry THE EVENING STAR, WASHINGTON, Stock and Dividend Rate. Du Pont 7s-._ Duqu 1st pf Bastn Alr Lines_ Eastn Roll Mills. Eastm'n Kod 6a. tEastm Ko pt 6_ Raton Mg 3. K1 Auto-Lite 3. Eiec Boat .90g-.. ElecPur & Lt .. EIP&L 6 pf 30k E P&L 7pt 35k. Endicott John 3. Fed Mogul (1)__ Pederat D 8 .450 Perro Enamel 1_ Pidelity P 1.60a. Pirestone .25 Pirst NS 2.50__. tPruensuf T ot tGamew'll 2.25¢ Md 00 High 8 12815 12745 50 113% 113% 126 26 6 3 3 4133 13214 10171 171 1 31% 314 23 1% 3 45% 45% 10 117% 117% -2 8 3 G Foods pf 4.50. GenGas& E1A_ tGen G&E ev pf. Gen Mot 3.758 . ‘Gen Motor pf 5_ GenOutdoor.20e. Gen Teleph 1.60 1G Time ID16__ Gen Tire&R 15— Gillette SR .458. Gillette SR pf 5. Goody'r 1.3758- Graham-Paige_. Grant WTpf1._. Grt Nor pf 2s. GtNorore ct 2g-. tGuantn'o 8 pf. Gulf M & Ohlo-.. G M&O vt 2.508 Hack Wat 1.50_.. THack W p11.75. Hall WPPrig 1. tHamilt W pf 6. tHarb Wpt 6 Hat C pf 6.50_ Hayes Mfz C_ Hecker Pr .60. HerculM 1.258.-.. 4 18 18 60125 125 43 2T% 27% 8 35% 354 2 1156% 115 86 1% 1% 40 100% 100 70 33@ 32% 5123% 123% 2 3 2 26'4 10 106% lOSM 50145 145 20 81 80 1 1% 1% b 64 64 212 12 5 70% 69 Homestake 4.50. 2. Houd-H(A) 2.50. Houd-H B 1.50s. Houston Oil Howe Sound 3t Hudson Bay h2g tInterch pf 6 Intreont! R .408. Interlake Intl Min&Chem . Intl Mining .25¢. Intl Nick Can 3_ Intl Shoe .45¢__ Int! Silver 6 Inti Tel & T Intl T&TPor efs. JarvisWB1.125g. Jewel Tea 2.40_. Johns-Manv3__ tJohns-M pt 7. Jones&Laul.35¢ Kalamaz 8to .60 Kans City 8o___ Kennecott 3.258 Keystone 51.058 - 1 11% 11 - 10110 110 2 25% T4% 8% 8% 6 Tw T4 6128 127 14 38 Janv8vallce PN OO o o8 03 tKin'y 5pf 1. "5k160 Kresge 8S 1.208. Kress SH 1.60.. ftLaclede Gas pf_ LeeR & T .75e_. Leh Valiey Coal- Leh Valley RR_. 8 2 10 Low Close Chs. Net 12734 —1% 13% — % 26 + % 3 183 + % 171 -5 314 — 23 12% — 1% 29% - £ % % % FEXFFFEFE 314 + % 11% — 9% + 17 98% = 20 3% 45! + 17% 8 ‘& 18 125 27% — 356% 115% — 1% — 100%5 331 + 123% + 3 26! + Wt 12 1214 35+ % 4% +6% 3% = 4 2Th + 4 | 24 33 94 106% 145 80 1% 6 12 69 - % -5 113 110 8% T% 1271 -2 49% + U 10% + % | sta GaEs7or pt | staoncalla | Studebaker Stock and Md Net Dividend Rate. 00 High Low Close Chge. tNorf & Wn 10a 1085 183 182% 182% —3% tNorf & W pf 4_x150 114 113% 114 +1% No Am Avia 25 12% 12% No Am Co 1.65¢.. NA5%%p!2.875. Northern Pac. Ohio O11 .508 9% 52 6% — 9% 52 6% % 19 4% 162 20 8 19 + 4% + 5% T5% + - 313 13 13 1Otis Elev pf 6. 50142 140 112 Otis Steel . ___. 5% 6% 0'-1“01.50&,_:15 49% 48% 48‘4— PacAmPishlg. 6 8% 8% 8%+ tPacificCoast_-. 50 5 5 5 11% 10% 2 19% 19% 4 4% Pac Pinan 1.208 25 114% + % tPac T&T DI 6. Pacific Tin 708 13 Pac Western Ofl. 1 Packard M .10g. 47 Pan Am Alr 1 Parafine2 _ __ Paramt Plc 908 Park UM 108 - Parke Davis.40e. Parker Rust 1 Parmelee Tra: Patino M 2. Penney (JC) 3 Penn-Dix Cem. Penn-Dix pf 4 Penn RR 2¢ PeoplesGL&C 4- Peoria & Eastn_ 1 Pepsi-Cola 2.508103 tPere Marq pf_-110 tPere Mar or ot 40 Petrol Corp .45 Pleiffer Brew 1_. Phips Dge 1.608 PhilcoCol __ . Phil Mor p4.25. Phillips-Jones Phillips Ptm 2 Pillsbury F11 Pitts Coal _ Pitts Coke & Pitts Screw 60 . 1Pitt 8 pr 2.75 Pittston Co Plym Ol 1.2 Poor & Co B Postal Tel pf__. Pressed 5tl Car... Procter & G 2i tProc& Gpf 5. . Pub 8 NJ 1.951 Pullman 1a Pre Ofl 50 QuakerSO 1.25¢ Radlo Corp .20e. Radio cv pf3.50. Radlo-Keith Or.. Rayonier .25¢ Rayonier pf Reading Co1 Reading 1st pf2. Reliable Sts 508 Reming R .25¢ 1% B b+ % 2% 2% 16% = % o 3 - 9 PRNOA DA D 5% = % 5% = 4 30% — % 10 10 % 105% 105% — % 814 Bli— % 104 400 - 3 18 18 20 68 .5 1% 1 14 1 4% 2 10% 2 % 9 48 4T, 48 10117 117 17+ 4% 137 18% — 25"- 25“\ 25% + 9% 9% 9%-— 9% 9% 9%+ 3 534 + 2% 108 + 25% + 145 — 3 63% 2% | tRenssalaerass Reo Motor ctfs_. Republic St1 24 Reynolds Met: tRey M Dt 5.50_. 2 ReynTob B3 Rustless I&S.60. Safeway 5trs 3a. tSafeway Spf 5. St Joseph LA 2. StL-San Franr. StL-SPpfr __ Savage A 50¢__ Schenley D 1. Seab'd AfrLr. Seab'd ALDIT_. Seab'a Ol 1 415 40 llD 109% snen Un ol 1e_ Sliver King .40.. Simmons 2¢ . | Stmonds 8 3.70¢ Skelly Ofl 1.508- 1Sloss-Sheff 65 Snider Pkg 1. Socony-Vac 508 50 A Gold .20 - SoPor R 8 .25e t1SOPRSDIS. _ SE Greyh'd 1.50 8o Cal Ed 1.50a. SonNatG1_ So'n Pacific. 8o'n Rall So'n Rall Spks Withingt'n. 8perry Corp 24 Spicer Mfg 1e lfiu 8 Bl 1% 1% 25 25% 14315 143"y 15% | tSpicer M pf A3. Splegel Inc .60 _ tSpiegel pf 4.50. SquareDC3g - Stand Brands.40119 Std Brof4.50__ 11081 111 2119 25% 40% 10815 10815 =1 11% 21% + 25% = L Sterlina P 3.80_. L StwWarner.508_ Stokely Bros Stone & W .60 b Sunshine Min " Super O11 058 Suthld Pa 1.2 Swift & Co 1.20_ Swift Intl 2a % x| W x| D. C, Stock and Md Dividend Rate. 00 High Low Close Chse. | Cleve Un Term 85s73___. 71 tWright Aero 8¢ 30 98 Nt 1 57% BT% 67% 1 18% 18% 18% 1 t¥ellow Tpt 7. 20 1X8 Young S&W 1g_. Ygstwn 8&T 38 15 86 Yestn 8 D 1.75= Zenith Radio 1g. Zonite .158 .- - 1 1 12% 13 + % llB 118 - % % 6% — 35'/. 36+ % 1 11% 11% % — % 9% 9% 9% 2% 2% 2%- % Approximate Sales Tedsy 100,000 12:00 Noon.. 200,000 100 PM. Total.... Joai 19% — % | pen 30% 30% 20 147% 147 u; +1% | {8 divideng 0 far t] fast"year df k Accumuln!d vldendl Bonds 260,000 !:izmfll.. 310,000 . A 0,000 feers | Cuba Nortnern 5%s 43.. 31 rml O semi-annual o b erwise nof EXtra_dividends sre Pot inclid e Condias, Junda: paid or deciared By private wire direct to The Star. Approximate Transactions Today. ‘Domestic Bonds. Foreign Bonds._. 'U 8 Gov't Bonds_. TREASURY. 25 1948-50 Mar. 2Y4s 1954-56. 2%8 1949-5: 2%s 1950-58. 1967-72 ... :H 1960-65. 3%s51043-47. 104, High. Low. Close. - 101.23 101.23 101.23 4 104.24 104.24 106.5 106.5 106.5 103.2 103.2 103.2 100.25 100.25 100.25 109.20 109.20 109.20 - 103.27 103.27 103.27 NEW YORK CITY BONDS. 351930 103 102% 103 FOREIGN IONDS Antioquia 7s 45 A Antioquia 7s 45 B. Antioquia 75 45 D Antioquia 1st 78 57_ Antioquia 2d 75 57 Argentine 45 72 Peb. ‘ | Argentine 4s 78 April_. Australis 4%s 56. Australia 55 Brazil 618 1926-57. .. Brazil 6%s 1927-57. Brazil 8s41__ Brisbane 55 58 _ Buenos Alres 4%8 77___. Canada 3%s 61 Canada 55 52__ Chile 65 61 Sept assd. Chile 65 63 assd... Chile 75 42 assd Chile M Bk 68 57 as Chtle M Bk 6345 61 asd _ | Colomba 35 70 Cordoba Prov 7s Cuba 4138 77_ | Irish Pree State 5s 60_ | Jugos Mts Bk 75 57_ Met Water 5%s 50 Mex Irr 425 43 asst. New So Wales 58 57_. Norway 45 63 _ Norway 4145 65 Norway 4138 56. Norway 6s 43. Norway 6s 44 Poland 8s 50 Queensland 0s 47 Rio de Jan 6%4s 53. Rio de Jan 8s 46 Rio Grand do Sul 6s 68 Sao Paulo City 6%s 57 Sao Paulo State 78 40_. Serb 73 62 Urug 3%-4-4Y Lol Close. 12 12 DOMESTIC BONDS. Abitibl P&P 55 53 std Adams Exp 4s 48 Adams Exp 4Ys 46 s Alleg Corp 55 40 mod._. Alleg Corp in 58 50 | Alleg Corp 5s 50 mod._.. Allied Stores 4%s 51 | Am & For Pwr 55 20 Am 1G Chem 5133 49. Am Intl 5145 49 Am Tel & Tel 3s 56 Am Tel & Tal 3%s 6. Am Water Works 6s 7 | Ann Arbor 45 95 Armour (Del) 15t 45 55_. - 104% Armour (Del) 4s 57 AT&SFe 45 1905-55__ AT&SPe ad) 45 95 std. AT&SFgen4s95 AT&BFCA4%s 6 | Atlanta & Ch AL s 44_ Atl Coast L 1st 4s 52 Atl Coast L clt 45 52 Atl Coast L 4735 64 15 | Atl Coast L 58 45_ Atl & Dan 1st 45 48 At] & Dan 2d 45 48_ Atlantic Refin 3s 53. B&O1st 4548 _ B& O 1st4s48std_. 557% - 100% 106% 5% 58 6314 1045 102% 8814 1084 110% 103% THURSDAY, JANUARY 29, 1942. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Clove Un Torm 4%4a 77... 661 66 68% 0% 71 Colo & Bouth %8 80 19% 19% 194 Col G & B Bs 53 May___. 100% 100% 100% .Columbia G & E&5s 61_. 99% 99% 99% Comcl Mackay 69 ww_. 265 264% 26% 108% 108% 108% 109% 109% 109% 109% 109% 109% 103% 103% 103% Cuba Northn 5%s 43 ctf. 27% 111% B9% 55'% 95 111% 89% 56 Erie RR 13t 48 9| Erle RR gen 4% 201 Firestone T & R 35 61 Pla East Cst Ry 5s 74._. Pla EC Ry 55 74 ctfs. Francisco Susar 63 56 Gen Bteel Cast 5%s 49. Goodrich 4%s 56 . Grt Nor Ry 8%s 67___. Grt Nor Ry 45 46sG. Grt Nor Ry 45 46 Grt Nor Ry 4%8 76_. Grt Nor Ry 55 73 Green Bay & W del Gulf M & N 55 50 Gulf M & N 5%s 50 Gulf M & O ref 45 75 Quif M & O in 2015 A Hudson Coal 58 62 A Hud & Man nc 55 57 Hud & Man ref 5s 57. 111 Cent 3%s 52.. 11l Cent 45 51 _ Ilinots Centra Tllinois Central 4s 53 . Illinols Central ref 45 35. 4474 Illinois Central 4%s 66_. 45 Sl e S Tl Cent Cairo 45 50_ Dl Cent 8t L 3% 5: ICC&BtLNO4%s63. 431 NCChSILNOBSSG3A. Inspiration Cop 1s 48 52. 101% Interlake Iron 48 47. 100% 1 Int Grt Nor 55 56 B_. Int Grt Nor 55 56 C_ Int Grt Nor 1st 6s 52. Int Paper ref 65 55 Int Ry of CAbs 72 Int T& T 4%s 52.. Int T & T 53 55 . Towa C 1st & ret James P & C 45 55 KansCItPtB &M 4536, 46% Kansas Oity S0 3550 63! Kansas City Sorf 5550 7213 Kanas City Term 45 60- 108% Kresge Found 35 50_. Laclede Gas 58 42 Usclede Gas 528 53 Laclede Gas 5%s 60 Laclede Gas 63 42 A. Laclede Gas 65 42 B. Lautaro Nitrate 75 Lehigh C & N 4135 54 Lehigh Val Har 5s 54. Leh Val N Y 4%s 50 Leh Val RR 45 2003 std. 32! L VRRcn 4%8 2003 std. 347x Leh V RR 55 2003 std.-. 38'% Leh Val Term 58 51._. 5715 Ligg & Myers 5s 51._. 1224% Ligg & Myers 7s 44 _ 115 Long Island rf 4s 40 sf 97% Louisiana & Ark 55 69__ 8315 Lou & N 1st 45 2003 Lou & Nash 4%s 200: Lou & Nash 5s 2003 L &N-8o Mon Jt 4s &2_. Marion 8t Sh 65 47 st_ Mich Cons Gas 43 63 Mil Spa & NW 45 47 MStP&SSMcn4s38. MStP&SSMcn 5538, M St P & SSM 55 38 gtd_ MOK&T4s62B _ Mo K & T ad) 53 67 Missouri Pacific 43 7! Missouri Pacifie 55 65 | H. Missouri Pacific 55 81 I_ Montr Tram 5s 55 B Morris & Bs 3%s 2000. Morris & Es 4%s 55. Morris & Es 55 55 Nashville CZ L4s78___ Natl Dairy 3%s 60 National Steel 3s 65 g g | 2% 6915 59-, 104% 1043 Reading R 4%s 97 Remingtn Rand 3%s 56_ RIA&I4%s34 StL Pac&Northwn 55 48_ 8t L Pub Sve 55 59 . Decline in Seedings | mer were smaller than a year ago| FINANCI igh. Low. 81% Bl% 100 100 103% 103% 103% 103% 105 51% 00 StLIMSR&G 4833 _ StLBanPross0B Bt L SW 1st 48 80_ 8t L BW 2d 4s 89. Bt L BW 53 5! 8t L SW ref 53 90._. Seaboard A L ref 45 59 Beaboard A L ad) 5s 49__ Beaboard A L con 68 45._.. Beaboard AL 63 45 et Shell Union Ofl 2%s 54. Bhell Un Of] 2%s 61_ Bocony Vac 3s 84 SoBell T& T 3%s 62 Southern Pacific Southn Pacific col 45 49 Southn Pacific ref 45 55 Southn Pacific 4%s 68__ Southn Pacific 4! 80 Pacific Ores 4148 77_. 80 Pacific 8 P Tel 45 50_.. Southerr; Rallway 43 56.. Southern Railway 53 94.. Southern Ry gen 63 56 Studebaker cv 6s 4 Swift & Co 2%s 61 Buperior Ol 3% 51 Texas Corp 3s 59 Texas Corp 3s 65 Tex & New Orl 55 43 Texas & Pacific 55 77 B ‘Texas & Pacific 5579 C. % | Texas & Pacific 55 80D_ 667 Third Avenue 45 60 Third Avenue ad) 5s 60 _. Tol & Ohio C 3%s 60 9 90 | Un Oil (Cali) 3559 i 101% Union Pacific 3%s 80 104% | Union Pacific 1st 43 47. 110% | United Drug 55 53 97 5 100% 1001 101% | 100 100 110 4 108% 76% | 48% 39 105 | l(!()\) U 8 Steel 2.458 53_ Utah L& T 55 44. Utah Power & L 5s 44 VaEl& P 3%s 68 Va Ry 15t 3%s 66 ‘Wabash 45 71 w. ‘Wabash gen 4s 81 Wabash 475 91 w. Wabash 24 55 39 et Warner Bros 65 48. Warren Bros 6s 41 ‘Westchester L 58 50_ West Shore 1st 45 2361_. West Sh 1st 45 2361 rg_. West VaP& P3s54 ___ Western Md 1st 48 52 West NY & Pgnds43 West Pac 5546 A Western Pac 55 46 A asd. Western Union 4%s 50... ‘Western Union 58 51 Western Union 5s 60 Wheeling Steel 313 66. Wilson & Co 48 55 - Wis Cent 1st g 45 41 WisCB&DT4s36 WisCS&DT4s36 et Wis El Pw 3148 68 43% | 97 \ 98 120 48 46% | 103 907 | 510315 | 28% | 281, 83% 86 | 84 93% | 105% | 461 \ 12% 11% | 109 | 108 | 99Y% 993 Youngstown S & T 43 48. 101'. 101% 101% Of Winter Wheat Is Indicated Unfavorable Weather, Labor Scarcity and War Work Cited BY the Assoclated Press. The Agriculture Department said today reports indicate that winter wheat seedings in the Northern| Hemisphere for harvest next sum- due to unfavorable weather, labor shortages and military activities. ‘With the exception of the British Isles. the acreage In Europe was said | to have fallen short of expectations. AL. Stock Leaders Down Fractions fo Point In Dull Trading Light Selling Keeps Most Issues Drifting To Lower Levels By VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, Jan. 20.—Ths light- est kind of selling was sufficlent to keep the general run of stock mar= ket leaders on the downgrade in today's lackadaisical proceedings. The list inclined to back water at the start and, while assorted fa- vorites eventually managed to pin on gains, declines of fractions to a point or so were to be found in most departments at the close. The ticker tape frequently did little more than stutter, with the printing of bids and offers occupy- ing a sizable amount of space. Transfers of around 400,000 shares were among the smallest for a full session since last October. Apathy of speculative and invest- ment corNingents again was blamed partly on offsetting war bulletins, persistent doubts anent taxes, price control legislation and spreading governmental controls of business and industry. Profits prospects for individual stocks were helpful but even these were clouded by rising | costs. American Tobacco directors voted | the $1 dividends on the two junior | issues recommended by President Hill, an increase of 25 cents from the | disbursement in December, but both the common and “B” stocks turned & bit soft at the last. Wall Street heard the company was considering | plans to raise funds with which to finance huge inventory acquisitions during the past year or so. In arrears most of the time were United States Steel, Bethlehem, Du Pont, General Electric, Douglas Air- craft, Chrysler, Northern Pacific, | Union Pacific, Anaconda, Kennecott and United States Rubber. Resistant were South Puerto Rico | Sugar, Cuban-American Sugar, | Coca-Cola, Pepsi-Cola, International Harvester, J. I. Case, American Can and International Nickel. Bond Market Ragged. Many rail issues pulled out of a | morning soft spell but the bond market as a whole still had a ragged appearance. Most gains and losses | were confined to a 1-point range toward the end of the session. United States Governments yield- ed as much as !4 point in the wake of the Washington announcement a new money financing operation would be undertaken next month. |Chicago Grain By the Associated Press. CHICAGO, Jan. 29.—The grain market regained its equilibrium to-. day, recovering some of the loss in- flicted during yesterday’s sharp price slump. Buying by processors, consuming interests and professional traders who were attracted by the lower price level helped to lift corn and rye a cent or more at times, wheat and oats fractionally and soybeans more than 3 cents. Some of the strength was associated with the fact that traders estimated that corn futures prices had slipped slightly below 85 per cent of parity, the level which the Government hopes to maintain in order to stim- | ulate livestock production. Wheat | was quoted below the price at which | the Government is offering old grain for sale. i Wheat closed unchanged to '3 higher compared with yesterda May, 1307-131; July, 1.32%-1 corn, 1-13; higher, May, 8775-88; | July, 89%-%; oats, 13-3% uUp; IVe, 'a= “ 3, lower; soybeans, 2!5-3 higher. Winter set in early in Europe to interfere with seeding operations. As a consequence, the acreage fell | Profit taking continued to exert | pressure on rye prices. WHEAT —Open. K short of last year’s reduced area. ]u-l; Labor shortages, in addition to the Sen. o\ adverse weather were said to have |May " hampered planting operations in the | iy - Danube area as well as in Italy. | . OATS— The department said reports ln‘; e dicate that in German-occupied | 3ep. Russia fall seeding operations vgere‘ Leo “‘"F considerably reduced. sy Emphasizing that it was too early | oc: to forecast possible severe grain e shortages in Europe, the department said that every effort will doubtless be made by the European govern- ments to increase spring sowings. which, if successful, may offset de- clines in the winter weat acreage. In North America, the winter | C wheat acreage was reduced by about | 6,000,000 acres, the acreage sown in the United States was estimated at 39,300,000 acres, a reduction of about 14 per cent from the comparable figure for 1941. Because of a large reserve supply, the Government had asked farmers to reduce wheat acreages. In Canada, seedings of winter wheat were expanded by 13 per cent to 756,000 acres. This acre- age, however, is small in comparison | with the large spring sown acreage. +C I Lt pt 4.50. Cent RR NJ (1) Cent Violeta 1§ Certain-teed Pr_ tCert'n-t'd P of. Ches & Ohio 3a_ Chi & Eastn Tl ChiGrt Western. CaiGrt Wt __ OP T prpf 2.50. ChiRI&P6%DI . ChiRI&P7%DI T Chi Yell'w Cab 1 Childs Co Chrysler 62. City I&P1.20_. 1Clev E 1 pt4.50. Clev Graph 28— Climax M 1.20a. Cluett Pby 3¢ Coca-Cola 5g - Sym-Gould 18 % | B & 0 ov 60 std. 103% 103 Tenn Corp 1. TexasCo 2. _ Tex Gulf P .. me Tex GlfSulp 2 Tex P C&O .40a. Tex Pac LT .10g. Tex & Pac Rwy_ Third Avenue _. ‘ThomProd 2.508 LehmanCol__. Lerner Strs2__. Libb-O-F 3.508- Lib McN&L.3! l.-l!l Sav1.60a New Jer Junc 43 86 r New Orl G N R 55 83 NOT& M55 36 A ctfs_ NewOrl T& M 5854 B... NOT&Mb5s56C_ ployes had bought Defense bonds in substantial amounts. Mr. Meem reported an increase of | approximately $1350,000 in loans during the year and pointed to the great influx of Federal employes during 1941, which contributed in such a large measure to the in- creased business activity. Home Loan Bank Dividends. Payment of dividends by the 12 regional Federal Home Loan Banks at the end of 1941 brought total earnings on the banks’' stock held by their member institutions and the Government to nearly $17,410,- 000, James Twohy, governor of the Federal Home Loan Bank System, announced today. Paid semi-annually by 10 and an- nually by two of the Federal Home Loan Banks, dividends for the six- month period ended December 31, 1941, totaled $1210,499, an increase of $78,213 over the same period last year. Safeway Stores Earnings Up. Net earnings of Safeway Stores for 1941 are estimated at $5.50 per share on the common stock, against $476 a share in 1940. The American Institute of Bank- ing has cut a day and a half off the convention program for the June meeting at New Orleans, to shorten the time bankers will be away from their offices. The time will be taken from the entertain- ment features, President George T. Newell states. The District of Columbia Salvage Committec has asked all Washing- ton banks to co-operate in the “Sal- vage for Victory” program now un- der way. The request has been for- warded to keymen by T. Stanley Holland, president of the District Bankers’ Association. What to save and what to do with it is outlined in the letter. The head office of the Travelers Insurance Co. has paid special honor to six Washington employes for 1941 production: Louis F. Grayson, Shel- don F. Fuller, Robert H. Thomas W. Dobson, Rose S. Gleeson and Andrew Gemeny. Financial District Notes. The John Hancock Mutual Life Insurance Co. will give an extra week’s pay each quarter this year to officers and employes now get- ting less than $5000 a year, the head office in Boston reports. The$ tDayP&Lpt4.50. ‘Washington office is included. Pay- |Deeve& Co2g.. ments will not be less than $60 or | Del & Hudson-.. more than $200. ety Baltimore has eight banks, Rich- | Det Edison 35e. mond three, Norfolk two and Ro- | tDevoe&Reyn 1 2 anoke, Va., one which are among | Diam'd M .375e._ the 300 largest banks in the United | Diam T Mot 1a States, according to the American | Distill C-8 h2.32 Banker’s compilation. Doehler Die 1a._. Southern Railway reports $12.61 earned on common stock in 1941, ..fulkgx‘s; $3.35 per share on common B&OPLE&W Vads51a B & O 8W 50s std Bang & Aroos cn 4s 51__ Bang & Aroos cv 4s 51 st N Y Central 3%s 46 N Y Central con ¢s 98__. N Y Oentral 41s 2013 A N ¥ Central ref 55 2013 N Y CLake Sh 8%s 98__ NYChi&StL3%s 47 . NYChi& Bt L 4%s78__ NYChi&3tL5%s74A Beth Steel 3%s 65 Beth Steel 3148 52 Blaw Knox 338 50 Boston & Maine 4s 6 Boston & Maine 4128 70 Boston & NY AL 4s55_ Bklyn Un Gas 55 45 Bklyn Un Gas 55 57 B Buff Roch & P 57 stpd. BurlCR & N 5s 34 Bush Term cn 55 55 Bush Term Bidg 5s 60. Can NR 4%s 57 Timk R B 3.508_ Transamer .50 Transcontl&WA. Truax-T .625¢-- 20th Cent-Fox 20th C F pf1.50 1Tw City R T pf Und-E-F 3.508 Un Carbide .75¢. Union Of1 Cal1_ Union Pacific6 .. Union Pac pf 4. Utd Aireraft 48 Utd Arcraft pf 5. Utd Afr Lines. Utd Biscuit 1 United Corp___. United Corp ... United Drug. Utd Elec Coal. Utd Eng&Fy.75¢ United Fruit 4. Utd Gas Im .60 Loose--Wiles 1__ Lorillard P 1.20. tLorillard pt 7. 1 Lou G&E A1.50_ Louis &Nash 2e. Mack Trucks 3g. Macy RH 2 Magma C 2. Manati Sug: Marine M .10e__ tMark 8 R pr pt.100 Marshall ¥14.80. Mart'n Glenn 3 Martin-Parry. Masonite 1s. Mathieson 1. SOA May Dep Str3__ McCrory 8ts 1a_ M'Inty P h2.228. Mc Kess&R 25¢ McLellan 8 .40e.. Mead Crp .75 Melville Shoe 2a. Mengel Co 505 tMeng b pf 2.50 Miami Cop 258 423 15 18 15% 15 148 148 148 3 N 1 4% T4% +1% 32% N2% - % 20% - % 274 — % % -1 +1% % lll 111 26 - % 40% + % 33% - 4% 2 9y 10111 1 26 40% 33% 0% 61% 107% 107 107% 107% 113% 113% 26 Chicago Cash Wheat. No. 1 hard. 1.2 Corn, old. No. 2 'yellow. i le grade vellow 3 3. T 73 324 20% 27% 18 1 4 il 1 2 1 26 5 2 3 Can NR 5870 Col BC (B) 2¢_. Can Nor 6%s ‘an Nor Colu G&E 108 Col GREDI A6 Columbia Pie Columb © 4.70g_ Comel Credit3_. 7 Comel Inv Tr 3. Comel I Tpf4.25. 1 Comel Solv .55g- 1 Comw! Ed 1.80.. 19 Comwitn & 8o _ Z 3 - ight, ke Sed Clover, 16.00-18.00¢ 9.00. New York Cotton By the Associated Press. NEW YORK, Jan. 29.—Cotton fu- | tures rallied during the final hour of trading today and practically erased earlier losses of about $2.50 a bale. Replacement buying, local cover- ing and trade support absorbed the slackening volume of hedging and liquidation. Final prices were 5 cents a bale lower to 15 cents higher. R ::'% “Sweer clover, 6.50- 1% 6 4% 31t 15 108! 108's 108% 102 102 102 2% 274 274| Chigago Livestock " 1005 103 108 | GG, Jan, 20,7 Oplct, S -104 104 104 | {5%00; total, 19,000; active, mostiy | 431 43% 434 2 freely for 1 T4% T4% 1.8 53 523 B52% 56% 56% 56% 56% 56 T% 10 23 Celanese Corp 3s 55. Celotex 4%s 47 w Cent Ga 1st 55 45 Cent Ga cn 5s 45 65% + 20 5% 5% UtdGasIpf5_. 1104 101 104 Utd M&M 758 8 1415 1US Distribu pt_200 20% US & For Secur. 5 2% U S Preight 1 10% US Hoffman NY Tel 3%s 67__ Niagara Share 5%s 50 Norfolk Southn 5s 61 ¢ Norf &S 5361 ren cts North American 3%s 4 North American 4s 50. Norn Pac gn 3s 2047. Norn Pac 43 97 Comw & 8o pf 3. 1 Consol Alr 4§ Coms Cop 758 .- 13 Consol Ed 1.60_. 26 Consol Edpf6__ 1 Consol Oil .50 _ 108 Cent N J gen Cent N J gn 58 87 Cent N ¥ Pw 3 Cent Pacific 13t rf 48 Cent Pacific 5s 60 5% % 5 25% 12% 4% ; total, " mostly "steady to er: bulk good and and f" e e ety "active, Tuily sieady: sev: doubles and decks, good and choice 90- nd native and fed range lambs. hnos Tew'® strictiy’ choice light 12, fio little dmu on extremely alves. 800: strictly steers and vearlings Il th k to 25. sizable supply common and 107% 107% 107% .5, 1055 105% 105% v Shoice o g she S 3| ma :""“‘ et e 109% 109% 109% hll[ llrln‘ 1018"15152 T T9ox 9915 99y | meldum = 100% 100% 100% 121% 121% 121% US Realty&Imp_ U S Rubber 25_- 16 USRub 1stpf8. 3 UBSteelle ___ 26 53% » UB Steelpf 7___.x 2118 llB 118 + &% United Stores A 1 %= % 1Univ Leat T 4a. 20 50 Vanadium 1.508 1 1915 Vick Chem2a__. 2 36%— % Victor Ch 1.40g- 3 23% + % Va-CaroChpfls. 2 27% — tVa IronC&C pf 150 19 +1% Wabashpfwir 8§ 29. — % Walgreen 1.60 . 18 Walker H h4 1 33 -4 Walworth 25g.. 1 A% + Warner Pic 18 5%~ % tWarn P pf .96k 40 72 -1 Warren Brr. .. 18 1% + 4% tWar Br cv pf r_880 24 +1% WashGL150.. 2 17% - % ‘Wess O&S 25e_. 2 19% + % WesO&8pf4__. 1 % % 69% + % tWest PP pf4.50160 112%% 112 112 — % WVaP&P 50e_. 2 17% 17% 17\’ + % WestnMd2dpf. 2 8 8 - WestnPacpf... 8 # % % Western Un2g_. 4 24% 24% 24% - % Wthse AB 1.758. 4 18% 1816 18% + % Westhse Elec e 7 7% 7T% 174 — % tWestva pf 4.50 100 106 106 106 -+1 tWh&LEP{5.50 10 93 93 93 +1 Wheel's Stl.50e . 41 27'% 26% + % Wheel Stl pr 5 6815 White M 1.25¢ .. 4 White Rock.108- 3%+ % White Sew Ma 3% - Willys-Overland. 1% — Container .25e_. Contl Baking . Contl Bak pf 8. Contl Can 2 Mont Ward .50e. 13 tMor&Xs 3.875_280 . 101% 101% 101% - 126% 1263 126% | Ores Wash RR 45 61___. 107% 1075 107% Otis Steal 4145 62._____ 8Ti4 86 87% 101% 101% 101% 1081% 108% 108% 111% 111% 111% 1084 108% 1081 82% 72 T9% 89% 95 30% MurphyGC4é—— 1 Mur'y Crp .50g-. 1 Nash-Kel 3758 11 1NashC&StL 2¢.130 Nat Acme .50e__ Nat Avia 558 . Nat Biscuit 1.80. Nat Can 258 - Nat CashReg 1a. Nat Cyl Gas .80 Nat Dairy .80__. Nat Dept Str Nat Distillers 2. Chi Burl & Quin 4%s 77.. ChiB&Qrg5s71A . Chi B & Q Il div 3%s 49. CB&QINdiv4sdd . Contl Ol .25e__ Copperweld .8 Copperw pf 2.50 tCorn Ex 2.40. . Corn Prod 8 Corn Propt 7.. Crane Co 18 Crown C&S 1k Crown Zell 26e_ tCrown Z pf 8. Crucible 8tl pf § Cuban-Am Sug tCu-A Spf 1.75k. Cudahy Packing CuneoPress 1.50 tCuneo P pf 4.50 fCurt P pf .75¢. Curtiss-Wr 1898 ‘Middling " spot, 2 FEFEIFEFE EFREIS 3 5214 1 + 30 172‘/1 172% 172% + % 3 13% 13% 13% + % 1 18% 18% 18% 2 1% 11% 1%+ % 40 86% 86 86% — % 1178 18 78 S 53 9 10132 l82 132 -2 12% + % 14% 97 -1 18 —% 8% + % 25% 80% + % Chi& Erle 55 82 __ Chi Great West 43 88_ Chi Gt West in 4%s Chi Ind & Lou 53 68 Chi Ind & Lou rf 65 47 Chi Ind & So 45 56 CM&StPgn3%s89B. ChiA & Bt Pgen 4880 ChiM &BtP4%s89C.. CMAStP4%s80R_. Chi M & St P 4%s 80 Chi MU & 8t Paul 58 75 CM&StPad) unooo_ ttor ble Sc'lwnned M tutures elosed Bale: Penn P& L 3%3 69.. T3 ‘contracts. May, Penn P& L 4%3 74 Penn RR 3%s 52 Penn RR 3%s 70 Penn RR cn 45 48 stpd New Orleans Prict NEW ORLEANS, Jan. 20 (P.—Cotton futures today recovered their early losses trade buying and n eear S Solnts Close, NatLead pfA 7. 12 {Nat Lead pt B8 38 Nat Malle 1.75¢. 16 16% 15 15 1168 168 168 +4% 30142 142 142 y an itters. to 6.25; b fower. v?é.l%?zfl"pmum Yop 'oh welg hc% 1 16% 16% ssusage Tings 18 33 ; vealers steady at 1l otto Quoted. . Prime 3;53:. P Sraren. 1a. A!b May, 13.50b; July, 13.590; September, 3.50b. Foreign Exclmnge b M n Nominal. YORK. J forelen exfih‘ 0,0 "'m’“""u 0 Bt Bratn aaflars:others n cen trol Board T "_°‘.’%‘:1’u°x=f"'¥y'3af °F0per cent Pere Marquette mmavnu -- 106 105% 105% Phila B & W en s 74 119% 119% 119% Philadelphia Co 4%s 61. 104 103 103% 109% 109% 109% 26% 26% 26% 6% 6% 6% 2% 2% 2% la 101% 101% 101% 102 102 102 103% 1031 103% 99% 99% 99% 64% €4% 64% 2% 24 824 100% 100% 109% 72 1% 72 1% 81 8% Nat Supply . 5 11 10% 11 ok 835 32 0. 10 108% 108% 1081 —1 9 22% 22% 22U - % 5 10 9% 10 5 4% 4% 4N— % b & +i 18% 18% + % 19% 19 =1% 27% 27 -% 8% 8% — % 1% 17% 21 21+ % 12% 12% — u 641 64% 641 — 3 114% 114% 114% = % 3 15% 15 16K+ % 3 B - Baltimore Stocks Special Dispatch to The Star. BALTIMORE. Jan. 20.— STOCKS. Sales. CKS. High. Low. Clos 150 2 Bl trane pra av w1 76 Consol B 41275 Ba 1180 114 11 100 Eastn sux 5% 18% 15 42:? fi!( 40'% 7l % 25% tNeisner pf 4.75 tNewb'y JIpt 5. Newp's Ind 758 Newp't NS .50¢ NY Central NY Chi&St L. Close. oot oF sRTh Europe—0i Forelgn ma'n'n Ine. 4.02: selling, 4.04, Coples. 404, e, offclal, X5 nu‘-“n Gent: 3 m""fo&s 5183 Mesico 20 Katos in sot n»l- wniess otherwise A ChiRT& P gn, ChiRI&P4 | CniR T4 Pevaws 60 5% — 3 | Chi Union Sta 3%s 63. | S GB + \6 .CBB:“:‘;" Z wlcccasL = m‘ “ Clove X1 Ttum 3 70— 106X 106% 106% ' Reading B 411974 in. officlal (Bankers e Committee rates). buy- open market, Pitts C & Ir 4%8 52 _ o8, 2%, | Plttsburgh Steel 4%s 50. 100% 100 | Pitts & W Va 4%860C_. 1073% 107% | Portland Gen K 4%s 60_ 951 951 | Prov Sec 43 57 }\'-; Ve & Mis ta er s 295 U 8 Fidel & Guar BONDS. el ;'Y NYNE&HDpLr. NYOnt&Wr.. Woolworth .40 ‘Worthington P_. ‘Wor P pr p{4.50. » ;74 3 5 00 2 1 1 2 5 2 3 1