Arizona Republic from Phoenix, Arizona on February 19, 1941 · Page 51
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Arizona Republic from Phoenix, Arizona · Page 51

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Phoenix, Arizona
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Wednesday, February 19, 1941
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3-llir I • - «, • .' Arizona Republic, PKoenfr, Wednesday Morning, February 19,194T '(Section Two) Page Fii MARKET Sluggishness Of Trade Hits Average List i v£W YORK, Feb. 18—(AP)— L- stock market tried for another -Iwble rally today tut buying in^rest waned at the last and prices Icrned irregularly lower. I The list stiffened after a hesi- |«rt start, then again turned soft •; spots as the proceedings .drew £ a close. 'The Associated Press average of r, issuer was off .1 of a point at jii Trends, on the whole, were meaningless, it was said, because ? the sluggishness of dealings. The ^rnover of 320.050 shares com- r, re d with 356,720 yesterday and as one of the smallest since last RALLY BUT TURNS LOWER Stock Prices f)nN ew York Exchange Following an closing quotation, at 3 p.- m. Eastern Standard Tim. ncein* over Associated PtetcArlsou BeprtUe IMM* wtrau . . « Jml i i,Sr,.fSSSi« lhl " n l,V 1 "' tte< stock* In «h» l or Mmi »nnii*l declaration. CnlM* «itii*vi*4M •«•«* •_•»! thta «*tan*«en<i hurt •». I.mdT'E-Acc'SSat.T SriU MM « +—Ualt of trading 10 than*, . Sales In Adams Exp. .40e H4 -'i "ft • I R Air Red la 11 37* 1 ^ ^ 4 % __. ww 1 7% 7% 7* .ud Stl 154e 4 20% "2054 205"- "- 2 145% 145 145* 3 5S SH 5* 2 29% 2954 29* 45 { - irninp; snsiori cued ! jits, p: '6f 661 individual stocks traded .exactlv the same number as yes- av and about half the aggre- • 'listed on the exchange—285 B down, 182 up and 194 un- lianged. . . Restraining market influences, suggested, included the "i accord which was t ,, at least a temporary clbark for the British, persistent ^prehension over far-eastern af- Si-s and further testimony before ftncressional committees stress- i-r the proximity of the United tales to actual entry into the European war. Business news, topped by regu- t and special dividends, favorable firninK statements, further ex- ,snsion of commercial loans, con- itued growth of department store f'ps predicted record motor pro- -cti'on for February, and mount- •j rail revenues, brought some crouraRement to bullish forces. Among stocks. Coca-Cola drop- id 3 points at 88 on light transac- •ES Lesser losers were U. S. •epl Bethlehem, Ceneral Motors, fata Fc, New York Central, Mont- snery Ward, International Har- «ster,' Dow Chemical, Allied (jemical, American Telephone and ouglas Aircraft. p.rtaininp modest advances were Jfflrrican Tobacco "B," Davison Semical. Great Northern, Chesa- take and Ohio, Kennecott, West^house, Vnion Carbide, Johns- ianville and Goodyear. Bonds were mixed, with carrier surilies doing a bit better than 'ior groups. Most major com- todities displayed rising tenden- Wheat at Chicago was up •/& , .. s cents a bushel and corn jincd Vs to 1. Cotton advanced 20 s 55 cents a bale. In an uneven curb, improvement as, held by Glen Alden Coal, tumble Oil, American Cyanamid 3," Phoenix Securities and Ven- Alaska Juneau 54 Alleghany Corn Allegheny pf Alleghany Lu( Al Chem & Dye 6a Allied Sirs • Affis-Ch MIg l»4e Amerada Corp 2 Am Airlines 'le Am Bank Note Am Brake Shoe 1.60 Am Can 4 Am Car & Fdy Am Car & F pf Am Colortype 54 e Am Coml Alco S sfk :g Am&F P S7 pf .35k 1 Am & F P 2j>f Am Hide & Le Am Home 2.40 Am International Am Locomotive Am Metal •' Am Pow & ••• .' • ' K- '. " •ale* In Hds. Hllh Kennecott Cop 54g 12 3254 Kresge <SS) 1.20i 15 2254 Kress (SH) 1.60 27 33 Kroger Grocery 54g 3' 25% t, Lambert Co Kg 1 Lee Rub ft Tire %f 2 >hman Corp 1 - 5 22% 2554 43% 6% Am P & L $6 pf l%k 6 if 1.56k 1 .40e 14 Am P & L 55 Am Rad & St _ ... Am Roll Mill 54e Am Safe Razor .80 Am Snuff Co 3a Am SU Fdrs " Am, Su leather *I?t Ref , ugar Am Tel & Tel 9 Am Tobacco 5 Am Tob B 5 Am Type For* Am Wat Wks Am Woolen Am Zinc L&S Anaconda 2e Arm 111 Arm 111 pr pf Armstrong Cork 54s Assd Dry Goods Atch T & S F le Atl Coast Line All Refining 1 Atlas Tack .15z Aviation Corp 34 654 I "1* 1 5054 7 2254 2 1354 eo»i 43% 6% 2454 9% 13% ^ -4?* 5% 12% 1674 1254 5054 2254 1354 12 24 ii Llb-O-F Glass ~354e 4 3554 tibtiy. McN & L 54e 10 5% Uggett & My B 4« ' — Liquid Carbonic la ^ockheed Airc 154e Loew's Inc 2a Loft Inc 54 e Lone Star Cem 3a 2 37 ^oose-Wil Biscuit 54 g 2 14 Louisv & Nash 2g 2 60 M 8 159% 15S54 158% 2 68 68 10 69 \i 68 2 554 55i 11 554 5% 9 674 654 12 6 5% 42 2354 22% 7 4% 4H 1 51V4 5154 5 29% 2954 3 654 5% 37 2154 20% 6 14% 14% 7 22 21% 3 6% 654 84 3% Bald Loco ct 11 145i Bait & Ohio S 3% Barnsdall OU .15g 2 8 Bath IT Wks %e 32 2251 Bendix Aviat Ig 11 3454 Benef Ind Ln 1.85e 4 19% Best & Co 1.60a 4 2854 Beth Steel 1546 19 77 Black & Decker la 1 17 Blaw-Knox 5ie 4 7% Boeing Airplane 9 14 Tk Bohn Al & Brass 5jg 1 28 Borden Co .30g 5 1954 Bore-Warner .40g 3 17% Bridgeport Brass %e 2 10% BriKgs Mfg 254e 5 2054 Bklyn-Man Ta 10 5% , traelan Petroleum. small mounts were Electric Bond and Share, Cities Sen-ice, Brewster A«ro and Republic Aviation. Vol- Bie here approximated 93,000 fcires versus 86,000 yesterday. • \Vhat Stocks Did frsnces teitfes L'rhanced issues 1941 hiehs 1941 loivs Tuesday Monday 177 Associated Press Aven«ei 30 lndu«t D.I 56.5 56.6 61.0 71.9 63.9 55.8 74.2 52.3 15 Rail! A.I 15.7 15.6 17.1 19.1 17.7 15.4 20.5 13.0 16 I'tll D.2 32.8 39.4 35.5 32.8 40.6 30.9 99 60 ;iock D.I 40.2 40.3 68 1$ 654 6 22)4 4% 5154 29% 654 20% 1454 21% 6% 1454 354 2154 33% K£ 4 90% 1 1554 3 21%. 4 31H 34 15 Low Close 31% 32 22V 2554 12 24% 2054 3554 •594 90% 1554 3^* 1454 29 39 2654 26H 23% 23% 454 "H MacA & Forbes 2a Mack Trucks 154e Macy (R H) Co 3 «ar«ie-Midl .10g _ Marshall Field .40 13 1454 14 1454 Martin GL Co 2e .6 2374 23% 23% Martin-Parry • 5 8% 8% 854 Mathieson Alk 154 1 2554 2554 2554 McGraw Elec la S 23% 23 23% McKess & Rob 18 354 3 354 McKess & Rob pt 2 25 23% 25 Mengel Co 33% 3% 3% Miami Copper .45e 4- 754 7% 7% Mid-Cont Pet .SOe 1 13H 1314 1374 Midland Std Prod 54g t 30% 30% 30% Minn-Moline 3 3% 3 3% Mislon Coro %e 1 95 954 954 Mo-Kan-Texas pf 1 154 154 154 Mohawk Carpet 54g 3 15 14H 15 Monsanto Chem 3e 6 7754 77 77 Montgom Ward 54g 13 3574 3554 3554 Motor Products le 3 8% 8% 8% Motor Wheel 1.60 1 16 16 16 Mullins Mfg B 1 354 354 354 Murray Corp %e 466 6 c Lighting 3 ckard Motor .20g 27 M .10e 2 ; .Copper ilds Metal: Nash-Kelvinator Nat Acme le Nat Biscuit 1.60 Nat Cash Reg 1 4^ 4^ 4^ tNash Ch & SY L Ig .10 14% 14% 14% "-- ' 3 18 17% 17% 13 1754 17 17 1 12% 12% 12% ? 1?H 13%' 13% Nat Dairy Pr .80 Nat Distillers 2 Nat Gypsum .40* Nat Lead 54a 4 ion Nat Pmv & Lt .60 8 6% Natl Steel 3 3 56% Nat Supply 2 554 Natomas Co la 2 9% Newport Indust .30e 3 6% Newpt News .40g 2 2154 NY Air Brake 55 g 4 3354 NY Central RR 38 NY Chi & StL pf 4 N Y N H & H 14 NY Shipbuilding le 7 No Am Avia l%e 14 North Amer Co 1.30 26 Bklyn Un Gas .15g 11 21" 4. 674 ^ 20 6% 1% Northern Pacific 23 32% 32% 1254 1254 2554 2574 25% 25% 13 13 15 1554 SH 574 Pf •1 .2 W 3 Budd Mfr tBudd Mfs ,. Budd Wheel .20g Bullard Co 2e Bulova Watch 2a BurlinR Mills 1 Burr Ada Mach .15g Butler Bros .15g Butte Cop & Zinc Byers (Ail) Co Calif Packing' 1 Callahan Z-Lead Calumet & Hec le Campbell Wyant .35g 1 1154 Can Dry G Ale .60 3 12 Canad Pacific 6 354 Case (31) Co 3e 1 45 Caterpif Tractor 2 4 4<54 Celanese Corp l%e Ccrro de Pas " Certain-teed I Checker Cab Ches & Ohio 3a Ches Corp Chi Grt W pf Chi Mail Or %> jun* 5 11H 5 pr^ Chi Pneu Tool CRI&Pac ~" Pf 10 Vi % 10% Chickasha Cot OU Childs Co 2 2 x 'J Climax Molyb 1.20a 1 2754 2754 2754 Cluett Peabody 2%e 2 28% 2854 2S5a Coca-Cola 5e 14 90% 88 88 Colsate-Palm-P «a 2 1154 11H 1154 Collins & Aik 2%g 3 25% 25 25H Col Fuel & Iron 54 g 1 1554 1554 1554 Colum Breast B .45g 1 1854 1S54 1S54 Colum G El .10g 10 4 4 4 Colum Pict 1555 <KOT %0r 740t S OCT PHjJ.V. K>I /1I3 ^ir9 ItW Ti99 OE *RT *°O jaisAna Colum Barbon le 1 77 77 77 New York Curb Stock And Bond Prices XD—Ex-dlridrnd. EX—Firat wUe since «-dlt1dend date or dates. XR— Ex-richt». a—Also extrm or extras, b—Inoluduig extra or extras, c—De- rlarrd or paid to far thin year, f— Payable In stock, s—Paid this year; no regular rate, b—Cash or stock, k— Accumulated 4iv. paid this real. »r— Under rules, tnt—With warrants. B Colum Barbon le Coml Credit 3 Coml Solvents ' 193S-39 1932-37 1927-aa Epi Ellis Bftlls. C Storks 54.7 33.7 75.3 16.9 157.7 61.8 Dn<r-Iones Averages SS-SjSS^iS&SSSSt 26.74 26.95 26.68 26.75 0.04t 18.98 40.24 19.05 18.94 40.48 40.11 micher-grade railroadR ' crario railroads utilities • IHlnrtustrl.-ils -1' 0 . I—Off. 19.00 O.CUt 40.25 O.OTt 89.84 O.Olt 94.37 0.02' 4S.97 (1.011 109.01 0.04107.00 O.lOt Tranrartinns m' slocks used in avcraEes: I C Stock! TiKiaJ- 43.900 21.400 14.SOI1 80.100 Monday Saturday 49.SOO 22.500 17.000 90,200 25.300 18.300 95,900 Korku llnnlh aco .ear BED ^di I Mav I jBitrdav Standanl Slatltitir" (ISM Average Equals 100) pr.rh l«r a ato aso J54! hish 1941 Imv 50 Ind!.. 93.fi 93.7 10L9 110.3 305.S 9^.4 :n Intlfi. 89.S S9.R 90 2 90 S S7.-1 POT 50.1 RO.S 52.1 . Storks 76.E 76.7 79.3 20 Ralln 27.6 5s!7 29.9 31.2 30.6 SO Rails —-- , Si 5cS:l * A 63 - 1 - iSi ini.7 101.5 100.6 Oofri'wiui & Soifth 4S Com & South pt 3 4 Cnm'wlth Edis 1.80 14 Consoleum-Nairn 1 1 Consol Aircr 2e 6 29% 1 3554 454 1 107% 17 8'/4 SO" 2S Consol Cigar l%e Cons Coppermin 54 e Cons Edison 2 Cons Edison pf 5 Consol Oil 54 K Consol'n Coal Container Corp %g Cont Bak A Cont Can 2e Cont Diam Fib 1 Cont Ins 1.60a Cont Motors Cont Oil Del 1 Coppenveld Stl .20g Corn Products 3 Coty Inc 54e Crane Co 4 23% 2 13 7 6 16 2151 1 10654 12 1 Crown Cork & S 54 e 1 -^ Crown Zellerbach Ug.,4 1274 tCrown Zcllcr pf 5 Crucible Steel Cuban-Am Sugar . Cudahy Pack Curtis Puhlisng - =. r Curtis Pub pr pg 31 32% Cnrtlss-Wright 5fe 30 7% Curtiss-Wr A 2 4 25S 36S 7% 35% 354 1454 44% 454 16 2354 ".70 88 14 36* 2 3* 2 14 7 lO^i 854 50* 2854 17% 2314 12% 6 106H 10654 5% 354 S 3 [314 13% 7% 7% ?s 3 ?%- 35% 3 IS* 1454 49% 28 55 17 2354 12=4 574 21 Aero Supply _ Am Cit P i LB Am Cyan B Am Gas & El Am Gen Am Licht & Tr Am Maracaibo Am Superpow Ark Nat Gas Ark Nat Gas A Asso G & El A Atl Cst Line Co Atlas Corp war Auburn Cen Mfg Auto V Mach Aviation & Iran Baldwin Loco war Barium Sta Stl Bell Airc Berk & Gay Furn Bliss E W Carib Syn Carrier Corp Catalin Am Cities Service Cities Senice pf Colon Develop Cons G & E Bal Creole Pet Crocker Wh El M Eagle Pich Ld El Bond & Sh El Bond & Sh pf El Bo & Sh S3 pf Sales In Hds. Hlch Lotr Close Ohio OU .45e „ 8 7 Oliver Farm E«S 54» 1 I" Otis EIevator\20g 10 1854 D«4ns-Ill Glass Wg 7 42% P :... Pac Gas & Elec 2 B^L;...: Pan Am Alnvays Param Pictures .' Park Utah Con »'_ Parke Davis .40g Pathe Fihn .30e ^ Patino Mines -60g 3 Penney EJC 3a 2 Penn-Dix Cement 2 Penn RR 154e > 17 Petrol Corp .70e 4 Phelps Dodge %g 7 Philco Corp %e 3 Phillips Pet 3 4 Pitt Scr & Bolt .45e-l Pressed Steel Car 4 Procter & Gam 2a 6 Pub Scv NJ 2.40 2 Pullman 1 29 Pure Oil 5ie 5 Purity Bak 54g 3 Radio CD of Am .20g 39 Radio c» nf 354 1 Radio-Keith-Orph 3 itavbest-Man 154e 3 Reading Co 1 3 Reming Rand .20g 1 Reo Motors ct 6 Renub Steel Revere £01 Reynolds 1 Reynolds Tob B 54g o <"j» Safeway Stores 3a 3 3844 St Joseph Lead 54 g 1 3454 Schenley Distill 3 954 Seaboard Air .Line 2 % Sears Roebuck 3a 2 6974 Servel Inc 1 3 1054 Shattuck (FG) .40 5 4% Shell Union Oil %e 3 1074 Simmons Co 2e .2 17% Smith fAO> Corp 54e 2 1554 Snider Pack 1 1 13% Socony-Vacuum %g 24 874 Sou Cal Edison l»a 6 2554 Southern Pacific 19 8% Southern Ry 7 12 Southern Ry pf U 2054 Sparks Withington 5 1?4 Sperry Corp 2e 8 33 Spicer Mfg %g 1 32 Spiegel Inc -15g 5 5%. Square D Co 2. SO* 1 3154 Stand Brands .40a 27 6 Std G t-E $4 pt 4 254 Stand Oil Cal 1 7 18% Stand Oil Ind 1 12 2654 Stand Oil N J la 12 3454 Stewart-Warn 54e 3 674 Stone & Webster 54e 6 6% Studebaker Corp 23 6% Sunshine Mng 1.60 10 8% Superior Oil .10e 3 154 Swift i Co 120a 4 22H T Term Corn %g 2 8 Texas Corp 2 10 35% Texas Gulf Prod .20e 3 274 Texas Gulf Sulph 2a 2 35% Tex Fac C A O .40 3 554 Tex Pac L Tr .10e 1 3% Thermoid Co 15 454 Thompson Prod 54g 1 2854 Tide Wat A OU .60 6 9% Timk-Det Axle 3%e Timken Roll B 54 g Transamerica Vt Trans & West Air Cloee 18 54 7H 43 2654 1054 77* 2754 New York Bonds New York Stock Exchange NEW YORK. Feb.. 18—(AP)—Railroad HUM •joy* • lair demand In today'* bond market but the trend In other groups was obscure and leaned to the of tilde on average.. Many Issues ended unchanged after having been on both sides of the market during the day. A new batch of highly favorable railroad earnings statements for 1940 stimulated mild Interest in the carrier* and a majority of those traded ended with modest plu* ilfns. Allegheny (tampied 5s ot '50 proved an outstanding strong spot, ending up 2H points at 58T ..-•"" . Other* making progress Included Western Maryland 4s at'9114; Southern Pacific 454s at 4454. Illinois Central 4a at ... 94. Lou; . and Nashville first 4s at 9454. Warren Brothers 6s at 55. International Mercantile Marine 6* at 81 tt and Great Northern 4> at 10254. - Ending unchanged or behind minus signs were, among others. Western Union as, Shell Union 254l. Nickel Plate 45i». American Telephone 35is, Santa Fe 4».' Commonwealth Edison-35is and International Telephone 9s. The foreign department had Us usual ouota of wide changes accomplished on few sale*. Panama Si of '63 "A* dropped 754 oolnts to 95 on offer of 2 bonds but the "assented" bonds of the same issue'(holder* agreeing to certain conditions) moved up Hi points to 61% on transfer of 17 bonds. Japan 654* and Queensland 6s were among others dropping a point or so. ^U. S. governments finished down 22/32 to UD 11/32 ot a point in thin dealings. The Industrials, utilities and low yields in the Associated Press average* touched a new 1941 low while tbe rails edged up a shade. Total sales of $5.127,875. par value, compared, with $4,295,179 yesterday. 554 325 12 154 454 19% 1054 4H 10T4 8% 2554 11* 2054 3154 1854 22i4 3554 2854 5 28* 4 40* Tri-Cont Corp Twent C-Fox F Underwood-EU 25ie Union Bag & P le Un Carbide %g tUnion El Mo pf 5 Union Oil Cal 1 Union Pacific 6 Union Pacific pf 4 Union -Tank Car 2 United A."" Lines United Aircr 354« United Carbon 3 i United Corp 8 United Drug 2 Unit Fruit 4 • 4 United Gas Imp .80 69 • BONO AVERAGES Compiled by the Associated Press JO 10 10 U Rail* Indost VU1 chang* A.I D.I D.2 60.5 104.4 99.0 60.4 104.5 99.2 63.4 104.9 101.0 S7.T 102.5 96.7 64.2 105.3 101.3 60.3 104.4 99.0 61.4 105.9 100.7 48.3 98.9 90.3 ago 1941 high 1941 low 1940 high Fin. 0.4 40.5 40.9 39.7 50.3 41.5 38.0 1940 low ..._ ._._ .... 10 IOW TIELD BONDS Low yield 113.1 Prev. day Month ago 114.0 Year ago 1941 high 114.6 1941 low 1940 high 114.6 1340 low .Ueghany < jn & For Am cv 5s 44 14 P 5s 2030 7 91 5354 Am I G Chem 554s 49 3 103 Am Int 554* 49 1101 Am T 4 T 354s 66 7 107K Anaconda Cop 454s 50 1 104 113.2 112.3 113.1 108.4 90% 5354 103 103 101 107H 9054 53 $* Arm Del 4s 55 A T 4 S F 4s 95 20 108' A T & SF 454s C-A 63 4 110 104" 104 105 105 10854 10854 3 75- ^5 U 75 g S* %t 2* 8 113 11254 11254 7 104% 10454 104% 8 75 75 75 11 108% 10854 10854 2& 3254 32 1054 6254 ' '1 32 32 2 1054 10% 19 63 62% _ .40 113 113 113 5 1354 1354 1354 3 77 7654 77 1 8254 8254 8254 1 26 26 26 13 13 12% 12% 12 3654 35% 35% US Gypsum 2a US Indus Alco US Leather A ; US Plywood 1.20 U S Tobacio 1.96e 35% 3 1854 14S 44% 454 2354 g* 37 «4 3% 13% 154 754 25H 44% 454 16 2354 12* 87 37* 3* 13* 154 32* 70.0 55.9 50.4 20 97.P S6.2 75.7 60 64.7 S79 65.4 61.6 n. Bondl S4.1 S4.S 8S.4 S2.3 85.9 84.1 Sugar Quotations NEW YORK. Fell. IS—(AP)—Distant (•iivrrii* nf riomrsiic sugar futuree reacnea IT levels Ior !lw fcainn today on buying on a iirm snot raw market and con- Deere & Co 154e Deere & Co pf 1.40 Del & Hudson Del Lack & West Detroit Edison 2g Diamond Match 1955 2854 § % i 10654 10654 10654 1954 285* 105* 2* 1954 2854 9* 2* 3854 15* Diam Match pf 154 1 38% Dome Mines h2 | 1=2 Douglas Aircr 5e 6 6554 65 » Dow Chem 3 3 ^* •j?, 4 1714 SuPo^f deVl%g IS 142% 140 142 ir 3 26 26 26 - -— - 12754 127H 27% 1354 354 24 2854 3 2% Eastern Air L Eastman Kodak 6 El Auto-Lite 3 Elec Boat .SOe I! p P o^Lt^ L pf.30e 1 24 El Pow&Lt S7 pf.SSe 1 2S54 El Stora E e_ Bat 3 1 12 2854 7 13% 3% tT..;«1 tl':-n. Kin.il prices \ lilt r«iw iiini ni-t- ««•«— T the ticht JreiEht e \verc unchanged to ~ t".r.:i. hicl-.rr nn sales ot 31.600 tons. l.ate linmifatinn torred the worm s.-k after an early rally. Final pnrcs were down Irt 1 up "n sales ol —*HI •h f>SR May .7155B. .v fticar so'.d at 2.98 cent* a .. .. cipchnr of 2 poinl-'. but later irss XVHK rrpnrtfMl at 3 cents. ... thr re'mrd m.irk.-t. Sucresff offer Ior Aw;l-Mnv..lunr business at 4.SO rents a V-jnd was withdrawn effective at the «w. whirh mnrkrt mrn interpreted to in• "?'e hrnnd rnnsumev demand. Reiinea 10'»">• rpr.,T,n(vi »t 4 IS cents. -,-0 X". 3 rive: Marrh 2.1«n. M|J' 2 ' 1 ?°; alv I.lfiB. September 2.20B. November -~B. Janunry '2.208. B—Bid. Republic Steel Boosts Payment .CLEVELAND. Feb. 18—(AP)— wpublic Steel Corporation directors today declared a dividend of 50 w nts a share on common stock, an fan-ease of 10 cents a share over -if dividend voted on this stock «-'i Xovtrnber. Payment of the common dividend --second in 10 years—will be made fPril 2 to holders of record March w - the company announced. Republic's 40-cent dividend last No, v «mber was the first to holders of wmmon since 1930. o Holiday Pares Week Checking .WASHINGTON, Feb. is—(AP)— Lincoln's birthday cut into check tra "sactions last week. "he Federal Reserve Boan}-said J«e holiday, generally observed by j*nks in the larger cities in the A orth, reduced debits to individual 'Counts in hanks of 274 leading "ties to 56,923,000,000 itt the week Jwed Februarv 12, compared with «.K55,000,000 "in the preceding ""'" and $6,920,000,000 In the cor- week last year. Enc Pub Sen-ice Erie R R Erie 1 pf Exchange Buffet Fairbanks Morse Hg 2 3654 3654 3654 Fed Lt & Traction la 2 g 1* 1* 54 354 24 2854 Equity Corp Fairchlld Av Ford M Can A Ford Motor Ltd Glen Aid Coal Gt Atl & P nv Gulf Oil Hecla Min HollinE Gold Humble Oil Imp Oil Ltd Ins Co N Am Int Pan & Pow war Int Petrol Jones & Lau Stl Lehigh C & N Lone Star Gas Long Is Ltg Midi Stl n-cum Molvbdenum Monte Ward A Mt City Cop Mount St T&T Nat Fuel G Nat Rub Mch N Mex «i Ariz Ld Nias Hud Pow Nor Am Lt & Pow Pac G&E 6 pf Panteoec Oil Ven Pennroad Phila Co Pioneer Gold Pitnev Bowes Republic Avia St Regis Pap Shat Denn Sinter Mf? So Penn OU So Cal Ed C pt St Oil Ky St Oil Ohio pi St Pow & Lt Sunray Oil Technicolor Tubize Chat Unit Gas Unit Lt & Pow A U S Foil B Univ Pict Walker Min West Air Exp Wright Hare 4 65 3 1354 i !« =1 6?* 1 5454 3 54 2 S* 2 1054 ' & 2.50 10054 3154 57i 1% 954 277i 2% 974 17* .60 165 10 3 854 9954 3154 5% 54% 654 6454 1% 9% 27 3 61 54 Vi 8* 1054 154 854 99 Vi 3154 5H 33 2 2 1 654 6H 11 ^54 ^ 19 19 1854 12 81^4 81 2 2854 2854 pf .80 13954 13954 3 Vanadium Corp 154e 3 27 27 Vick Chem 2a 1 4294 42% Walgreen Co 1.60 1 2054 2054 Wahvorth Co 15 454 4% Warner Bros Pict U 3 374 Warren Bros 5 % % tWarren Bros cv pf 1 8 754 Waukesha Motor 1 2 1554 15% Wesson O & S 54e 1 17% 17% West Auto Sup 2 3 2554 25 West Union Tel le 7 19% 1954 Westing Air Br %g 3 19% 19% West El & Mfg Ig 10 93 91% Wheeling Steel 2 2554 2554 White Motor 6 13 13 White Rk M Sp 2 554 Wiicox Oil & Gas .10e 1 1% Wilson* Co * •" Line 1st 4s S3 B & O 95 st A B & O S W 50 St BeU T Pa 5s 48 Beth Stl 3%s 65 Boston & Me 5s 67 Bkly Edis 3%s 66 Bkly Un Gas 5s 50 Can Nat 5s 69 Oct Can Nat Ry 454s 56 Can Pa 45>s 60 Can Pac 4s perp Cen Fac St 60 Certain-td 554s 48 C & O 454s 92 C B & Q 454s 77 C B & Q 4s 58 Chic Gt West 4s 59 CMSP A Pac 5s 75 157 Chi & NW cv 4%s 49 16 -.. _.. Columbia G 5s 52 May 6 104% 103% 104 Comw Ed cv 354s 58 17 115 115 •"' Con Edis 35is 48 20 105% 1055! Cuba No Ry 554s 42 3 1654 16VI D & R G 4s 36 13 77f Duquesne Lt 354s 65 1 1085! Gen Stl Cast 554s 49- 7 86 Goodrich 4'4s 56 Gt Nor Rv SV4s 52 __ Hudson Coal 5s 62 A 17 27 Hud & Man rfg 5s 57 9 4654 HI Cen 4%s 66 14 39% Interlake Iron cv 4s 47 7 9754 97.. Int Hydro El cv 6s 44 8 46% 46 46 Int Pap 5s 47 ' 15 10354 10354 103 Int T * T 5s 55 K C Term 4s 60 Loews 354s 46 Louisla & Ark 5s M K Tex St 62A M K T 454s 78 M K Tex 1st 4s 90 M K Tex 4s 62B Mo Pac cv 554s 49 Mo Pac 5s 77 Mo Pac gen 4s._75 285 3 105 25106 Grains Show New Strength CHICAGO. Feb. 18—(AP)—Short covering and a moderate increase In milling demand late today «ud- denly whirled^wheat futures prices as much as IK cents a bushel higher than the previous close. Final quotations for all commodities on the board of trade except soybeans were at or near the day's peak prices after seven successive sessions in which the closing trend was downward. The market fluctuated rapidly and on downturns new seasonal low records were established for September contracts in both wheat and corn, at.73U and 58% cents, respectively. Wheat finished the day %-lH cents above yesterday's close, May 79-79H, July 74H-H, September 74H-%. Corn advanced tt-1 cent, May 60W-%, July 59%; oats were H-% cents up, soybeans H-H off; Rye tt-% higher, and lard 5-7H cents up. The market opened steady to a shade higher, then backed and filled. The setbacks uncovered buy- Ing by speculators and milling interests, wheat fluctuated over a range of a cent and a half and corn within one cent In comparison with a- year ago, prices were 25 V4 to 28Vi cents a bushel lower. Announcement that the Surplus Marketing Administration had sold 500,000 bushels of wheat to Mexico under the present subsidy program, bringing total sales to 740,000 was followed by a sharp rally in prices. SMA officials said other bids had been received and that they expected to dispose of. at least another . 1,000,000 bushels. The wheat exported under the program was purchased by the SMA from the Commodity Credit Corporation's government-owned stocks and sold at a discount to exporters. There also were indications the new farm legislation might not apply to the 1941 crop, which attracted considerable attention in trade circles in view of recent reports that the spring wheat crop might be affected by a revised farm plan. Minneapolis reflected the action here, closing 1-1% higher for wheat, while Kansas City finished with an advance of a cent. Winnipeg closed Vi cent higher. Corn stiffened after the deferred contracts had sold off as much as % cent! May was in good demand most of the day because of the cold weather which was conducive to heavier feeding of livestock. Cash demand was fair. Sales by shippers were placed at 100,000 bushels and bookings were around 60,000. After a setback to the lowest levels in about two months, soybeans developed a steadier tone, attributed partly to the upturn in grains and lard. Oats were steady and rye dull, but generally higher. Lard was firm on buying credited to short covering induced by colder weather and smaller receipts Metal Market MEW YORK, Feb. 18—(AP)— ^Copper steady; electrolytic ipot Connecticut valley, 12.00; t a, t. New York 10M-12M. Tin firm; spot mnd near-by 51.75; forward 51.75.. Lead firm; spot New York 5.65-5.10; forward 5JO. Zinc firm; Eut St. Louis spot and forward 7.25. Pic iron.quiet; No. 2 f. o. b. Eastern Pennsylvania, 24.90; Buffalo, 23.00; Alabama, 19.38. Aluminum, virgin 99 per cent 17.00. Antimony, Chinese, spot 1&50. Quicksilver 171.00-173.00. Platinum, pure SB.OO. Chinese wolframite, duty paid, 25.0026.00. Domestic scheelite, Z4.00. it Poultry And Eggs FURNISHED BV ED WELMCK AMD SON Hogs,Cattie, Lambs Gain KANSAS dry. Feb. 18—CUSDA)—' . Holts: 3at»K» and total 2.000: »tron* t* fo%l^r£S.tly 5 higher tto ManSgr;- „ eoonto cholci 170-270.TBT 7.W-75: *tew 380-350 Ib*. 7.29-65: 140-160 Ibs. JMMOf - iowi6.30-7.ca; i tew TOO: itock plg» T.OO- ,' d °CattIe: Salable 3.500. toUl 3,800i eal»««: ' Salable and total 500: ltd steer* and year-._ tours fairly, active, rttong to 25 U5hgS >, •pots u» more on good to near choice lou, j fed heifers stared upturn.on steers; cowl. ^ steady to stro:>vT. spots 25 higher on nudtuni\ S to R^aradei- vealers a™ 1 calve » • t * ad X= J? atockers and feHera unchanged: a t"" of strictly me-j to choice medium steers 12.00-23: medium and »ood lota mostly 9.25-11.65; several toa »»d heUen m90-ll.00r butcher BUYING PRICES Poultry Hens white 254 to.3 Ibs. Hens white over 354 Ibs. Hens colored 354 - — • Hens colored 45j Broilers. 1 .12 .20 OS JO . white I*" to 25i Ibs. . .20 . wMte 154 to 1* Ibs. .20 Fryers, colored 151 to 2 Ibs. Fryers, colored 2 to 254 Ibs. •rycrs, colored 254 to 3 Ibs. Roasters soft-bone 3 Ibs. and over SUES Capons. Guineas, young Ducks, white Pekin young. 454 Ibs. and up Ducklings, all others Seese. young Souabs over 1 Ib. each Turkeys prime No. 1 tom» Turkey* prime No. 1 hen» Turkeys, prime No. 2 tom» Turkeys, prime No. 2 heni Rabbits, young 2 to 3% Ibs. Rabbits, young 3% to 454 Ibs. Rabbits, old No. 1 large white No. 1 medium No. 1 small white No. 1 large colored No. 1 medium colored No. 1 small colored 3D XL .21 .19 % M .13 I .16 i! .u JO ii as AT .15 .17 .16 as . onecp; aeueujK* «*M* v"~? 5.000. BO) • sales: asking higher: best fed Iamb* 1 above 10.65. CHICAGO. CHICAGO ' ' Feb. .18-CUSDA>-SaIabte ; hoS 147000- total 177500; opened, fairly active 10-15 higher than Monday'a average, later trade around 5-10 lower than . early: top 8.20: bulk 180-IM IbJ. 7.90-8.20; 240-270 6. butcher mostly 7.80-8.00; 270330 Ib. averages generally 7.60-90: good, packing sows 400 Tbs. down 7.10-35; 425— .. . ,_^ .... 8.75.7.00. totaTs.OOO: tot. .r. Monday, fat Iambs closed_ active LOS ANGELES LOS ANGELES. Feb. 18-V(UP)—Butter: Extras 33. prime firsts 32, itandards 3154 undergrades 30. Large Candled clean extras 22. candled light dirty extras 21, candled dean standards 20. candled light dirty standards 19. candled checks 18. Medium eggs—Candled extras 19. candled lizht dirty extras 18. candled clean standards 17. candled light dirty standards 16, candled check* 17. . _.,' Small eggs—Candled extras 1554. candled light dirty extraa .15. case count 19. Western cheese—Triplet Daisies 16, Long- homs 1654. loafs 17. Poultry prices—Hen». leghorns. 254 to 35i Ibs. 14: over 354 and up to 4 Ibs. 14: over 4 Ibs. and up IS: hens, colored. 4 to 554 Ibs. 21; over 554 Ibs. and uo 20: broilers. Ill and up to1% Ibe. 19; of live hogs. Range of prices on grain and provisions exchange follows: Open High Low Close 15-25 higher: bulk rood to choice Ib. fed westerns 10.65-85; top 10.85 , to shippers: several loads 102-106 «£j~ 10.50-60: few 95 Ib. yearlings 9.00: odd?, lota slaughter ewes 6.00 down: ^oday'« trade, early trade on fat Iamb* moderately active, around 10 higher: other lambs held for more advance: four loads good to cholc* around 90-97 Ib. fed weKern lambs- 1O85: other (rood to choice handyweight I»mb»— ild to 11.00, and slightly above: two _ads good to choice 112 Ib. fed Colorado* -10.60: sheep very scarce. SalaUlTcattle 5.500: calves 1,000: •torra. market generally strong to 25 higher, §teer» showing least advance: heifers 15 higher, very scarce: cows 10-15 up: bulls mostly 25 higher on very limited run; bulk, steers unsold, however medium g«Jde» 10-15 higher: spots up 10-15 on good to choice offerings, but mainly steong market on sters with Instances 10-15 higher:, choice and prime 1.267 Ib. averages topped at 15.25: most early sales 9.75-13.00: best yearlings around 14.25; shipper demand not especially broad: mild upturn on medium to good grades going on local account nald under protest: most fed heifers 9.50-11.35: cutter cows 6.00 down; weighty sausage bulls to 8.25 and choice vealers to 14.00: stock cattle scare* at 9.00-10.50. LOS ANGELES. Feb. 18—(Federal-State, over i%"and"up"to 254 Ibs. 20:"fi horns, over 254 and up to 3 Ibs. ored. 254 and up .d up ti to 354 fry, Ieg15: col- Ins. 16: colored over 354 and up to 454 Ibs. 17: roasters, colored over 45i Ibs. and up 18; stags, colored 14: old roosters, colored 11; leghorn 09: ducklings, Pekin. over 5 Ibs. and up 19: under 5 Ibs. 18: old ducks, white Pekin. 08: geese 15; torn turkeys. : 20 Ibs. and 14 Ibs. and under 20 Ibs. 13: 20 Ibs. and UD 12; young hen turkeys, 9 Ibs. and under 11 Ibs. 16: n Ibs. and up 16: old hen turkeys 11: old torn turkeys 11: capons. 6 to 8 Ibs. 24: over 8 Ibs. and up 24: rabbits. No. 1 white 354 to 454 Ibs. 16: mixed colors. 354 to 454 Ibs. 13; rabbits, woolley 06; No. 1 old 06. CHICAGO CHICAGO. Feb. IS—(AP)—Butter, receipts 785,862: steady; market unchanged. Eggs, receipts 15,860; firmer: fresh graded, extra firsts, cars 1654. firsts, cars 16. current receipts 15. dirties 13%. checks 1354: other prices unchanged. Poultry live. 33 trucks: steady to firm: hens, 5 Ibs and under 1954. leghorn hen* 15: geese, over 12 Ibs. 14: other prices unchanged. Market News Service)—Hogs salable«up- py 400: steady: medium to choice 170-225 fb butchers 8.35-9.00: top 9.00 on load 215 • Ib: Utahs: off weight* down to 7.50; pack- •• ing sows 6.50-7.00. . Cattle salabl- 550: steady; few common »teers 8.00-9.50: good fed steers quoted- 10.75 upward: toad fleshy feeder steer*. 1015: few good heifers 10.0; some held. higher: otheS"9.qo_down:, sows £00-75: HlKllCl • UUIC10 i/.uv »*«"•• i ™ — nn ^ «« eood lacking: cannere and cutters 5.00-6.73; bulls 7.50-8.50: Monday fed rteers 10.2511.00: fed Mexicans 9.50: fed.heifer* to 10 C^lves° P si5ab?e 250": steady: odd vealers to 13.00: choice quoted around 14.00; few ^Steep 9 »Sa 1 We 5 none: good to choice woojed lambs quoted around 10.75 and good wooled exves to 6.75. JJEXVER DENVER. Feb. 18 — (USDA) — Cattle t Salable and total 800: calves, salable and total. 100: nothing done early on carlots: scattered sales small bunches steady: few cows 6.50-7.25: few cannera and cutter*, 5.00-5.75: bulls 6.50-7.00: vealer* -13.0* down: few stocker and feeder steers 9.75: mixed stock calves 11.25: late arday. top beef cow* 7.75 and*, best he HoS,: 1 Safable 900: total 1.300V act! " Woolwth (F W) 2.40 25 30H Worthington P & M 4 1754 165 17 165 2%' 2% .40 13754 13754 13754 3 3 3 2 8 14 5 1 1 1154 454 2% 11* 454 k 554 554 354 3* i* 3* 1154 454 2v4 54 32% 2* 154 654 Zenith Radio le SALES STATISTICS Active itocki Inactive* Total today Previous day Week ago Tear ago Two years ago Jan. 1 to date Year ago Two years am .10 121 121 35i 121 1 3754 3754 3754 1 29<i 29* ,295i 2 1854 1854 '1854 3 12 154 874 1 16* 16% 16* 3 il H ii 5 4H 454 454 Gen Out Adv Gen Out Advert 2k CURB DOMESTIC BONDS Sales In SI,000 Rich Low Close Ark P A L 5* 56 9.10654 10654.10654 A« El 45is 53 9 46 4574 46 Baldw L 6s 50 14 112 110% 110T4 Can Pac 6s 42 Cities Scr 5s 50 _Cit S P & L 554s 49 5 90 Glen Alden Coal 4s 65 1 " m Inters Pow 6s 52 *•„,-, Inters Pow 5» 57. _ 21 6854 46 J 9 71 ~6954 ~71' 24 81% 8154 8154 — 90 90 81% 81% 39* 39% 68H Nevida Cal E 5s 56 22 92* 9254 925i Pen Cen PAL 454. 77 18 104* 1«U 104* 554 1* 454 3054 1754 Yellow Tr & C 154e 9 1354 1354 Youngst Sh & T 15ie 19 33* 32* Z 15H 25* 195i 19* 92 2554 13 554 1«4 454 3054 1754 1354 32% 2 13 13 13 315,000 B.flM 320,050 356,120 413,410 807,810 463,3*0 1»,:44,405 IS ,500,000 35,059,0*8 U. S. Bonds TREASURY Sates In ft 41 3*s 47-43 2*s 47-45 3s 48-46 2*s 51-48 254s 53-49 2*s 54-51 3s 55-51 2>is 53-51 274s 60-55 2*s 65-60 j>w Ctow 1 106.26 106.26 106.26 3 108.2 108.1. 108.2 2 109.24 109.24 109.24 1 108.1 108.1 108.1 1 105.9 105.9 105.9 6 107.2 107.2 107.2 11 110.11 110.4 110.11 1 103.5 103.5 103.5 29 107.28 107.18 107.28 5 107.17 107.11 107.17 FEDERAL FARM MTG. 3s 47-42 15 102.18 102.18 103.18 254s 44-42 3s S2-44 3s 52-44 reg 3s 80 HOME OWNERS LOAN 2 102.19 102.19 102.19 5 106.24 106.24 106.24 4 106.22 106.22 106.22 S3 10054 10054 10054 ReublicSteel 554s 54 10 10354 10354 10354 Republic Steel 454s 61 38 10454 1035, 10454 Republi Richfield Oil 4s 52 :ony-V i Pac > Vac 3s 64 454s 68 3 106 105* 103* 4 10554 105* 10554 Sou Pac 454s 81 So Pac clt 4s 49 louth * 5s 53 5s 44 n 5>51 454s 66 66A 7 112* 11254 7 8454 8454 8454 8 103% 10354 103% 10 75 7494 75 23 10554 105.. 105 Unit Utah Western Un Young IVf cv"4s'4S S 10254 10254 10254 Brazil Ss 41 Canada 5s 52 Ger Gov 554s 65 Ger Gov 7s 49 Italy 7s 1951 Tokyo El Lt 6s 53 FOREIGN BONDS 19 19 6 9854 3 854 5 U* 6 44 79 47* 18ft 19 98 98 854 854 1154 1154 44 47 45H Eastern Carrier Issue Planned WASHINGTON, Feb. 18— (AP)— The Interstate Commerce Commission authorized the New York Central Railroad today to issue $10,900,000 1% per cent equipment trust certificates. The certificates will be handled by the Irving Trust Company, New York City, as trustee and sold at 100.054 per cent of par and accrued dividends. Scrim* 5V4t 43 1 100* 100* 100* Stand P i L 6« 57 Starrett Corp 5s 50 Tex El S 5s 60 Tex P & L 5s 56 Unit LAP 7s.75 11 5 77 77 22 4 106* 106* 106H 2 10754 10754 10754 West Newsp Un 6s 44 3 S654 64* 86 64 8654 64 CURB FOREIGN BONDS Russian 654s 1919 1 54 J Teml Elec 654» 53 1 24S 24* Treasury Receipts WASHINGTON, Feb. 18— (AP) —The position ot the treasury Feb. 15: Receipts $11.022,398.63: expenditures $45.939.1SS.72: net balance $1,956.953.742.33; working balance included $1,214,053,986.09; customs receipts for month $15.673.607.05: Goodyear Votes Extra Dividend AKRON, O., Feb. 18—(AP)— Goodyear Tire and Rubber Company directors today declared an extra dividend of 25 cents a common share in addition to the regular 25-cent payment. Both are payable March 15 to February 21 WHEAT: KANSAS KANSAS CITY. Feb. 18—(AP)—Eggs. 1454: current receipts, 13%: other prices unchanged. .78-7854 .73-73* .73*-3 .7954 .74* .74$ .78 .79-7954 .7454-* .74%-* *&TS: -May .34 July .30% Sept SOYBEANS: .59K-54 .60% .59% .60%-% ,-59 S% .59* 854 .58%.34 .30% May July EARD: Mar. May July Sept 'BELLIES:' .4254 .4454 .44H 6.19 6.45 6.62 .90% .86% .42% .4454 .4554 .3054 .89% . .8?%-74 Carloadings NEW YORK. Feb. 18— (AP)—Revenue freight cars handled on'railroads reporting today for the week ended February 15 in. eluded: Ches. & Ohio Erie Nickel Plate Pere Marquette .41* .43* .4454 8.17 6.15 6.47 6.65 6.45 6.60 May .42* .44% .4554 6.17 6.30 6.47 6.63 11.00 Illinois Cent. New Haven Rock Island Frisco Gt. Northern Northern Pac. Burlington Norfolk & West 27,992 N. Y. Central 90.875 Southern Rwy. 42,065 Southern Pac. 39.196 St. Paul 28.796 Wabash 16.558 CHICAGO CHICAGO. Feb. 18—(AP)—Cash grain: wheat No. 1 hard 85; sample grade hard 73. Corn: No. 3 yellow 6154-6354: No. 4. 57*-59*: No. S, 53*-S754; sample grade white 5554. Oats: No. 3 white 36; sample grade white 3354; No. 1 white heavy 37*; No. 3, Barley malting 51-66 nom; feed 42-53 nom. Soybeans: No. 3 yellow 9154. Field seed per hundredweight nominal: Timothy 4.00: alslke 9.50-12.00: fancy red top 7.50-8.00; red clover 8.00-10.00; sweet clover 3.50-4.00. MDWKAFOUS MINNEAPOLIS. Feb. 18—CAP)—Wheat receipt* today 42 cars, comfiared with 218 a year ago. Trading basis unchanged. Quotations one cent higher. Cash: No. 1 heavy northern 81%; dark north- em No. .1 80%. No. 2 79%. No. 3 77%78%: fancy No. 1 hard Montana 84%: Minnesota-South Dakota No. *3 darlc hard winter 78%-79%: hard amber durum 71%76%: No. 1 red durum 72-73. Corn. No. 3 yellow 52%-54%. Trading basis . cent higher. Quotations 54 cent lower to % cent higher. Oats. No. 3 white 3174-32%. Barley. 39-56. Rve. No. 2 4674-50%. Flax. No. 1 1.72-1.78. Sweet clover seed. 3.50-75. Range of prices: Hllh Low •eceipts for ?eipts 5.7%.: IptS 1( fiscal . „_ ._ year (July 1) $3.503.3SS.f72.13: expenditures $6.887,870.991.84: excest of expenditures $3,384.482.219.71: gross debt $46.041.816.690.31: Increase over previous day $11,784,848.82: gold assets S22.131.S99, lay $11 1.510.51. Cash Provisions CHICAGO. Feb. 18-r(AP)—Lard tierces 6.07; loose 5.32; bellies 11.13. Hayes MfB ^Her^les^oV^e Holland Furn 2a %s&>&& HapTMo 1 ^ MtS 11 ^ 1 _ Indust_Rivon 3 Inccr-Rano 154* «• Int *»«" * '"".?;r M ~ » IntH^EIec.* Int * Cotton Market 79 6«4 654! fefc 79 79 9V Sti 12 8 7% 8 1 2 147 147 147 10 48 47 47 J 8 7^ 2 3H 3S 12 24% 24 12 11% 1154 1 58% 58% 19 254 2 e 1 6 6 Exclusive Republic Dispsteh DEPORTS received from the U. S, Bnrema of Agricultur«l Eeo- nomics place the premiums offered on PREMIUM-STAPLE COTTON su noted below. Premiums were complied from prices mt which cotton is actually sold, and lengths are described to conform with the official standard of the United States. New Orleans middling 10.25. Staples based on March futures. Strict middling inch 60 points on; 11/32 inches 80 points on; 11/16 inches 115 points on; 1% inches 215 points on. Demand fair.' NEW YORK NEW YORK, Feb. 18— (AP)—Buyers of cotton futures were forced to bid prices up 4 to 11 points today in a market only thinly supplied with contract*. stockholders. ', Earnings NEW YORK. Feb. 18— CAP)—Lone Star Gas conSratton and subsidiaries reported- today for 1940 net income of $6.453,731. eaual to $1.17 a common share, compared wfth $57402,871 er 98 cents a share. In the Julv September CORN: May. old May. new • OATS: May July RYE: May Julv FLAX: Mav July September .78* .7754 .7454 .77T4 .76 .73K previous year. McGraw Hill Publishing com for 1940 net profit of ^"'~ ._„ reported 31,-equal to n T J.«V UCfc H* UMfc w* *»' w *~;™— _T3 «rttk .52 a cranmon share, compared with .Sn 1 ^'snalei ffft ST^ Bi-tSsffS «S!WWM"i Sh NEW YORK, Feb. 18-r«AP)- j--—.-^ n^^ro?^35l««§|J common share, compared with $6,487.736, or 5X69 3. share. In 1939. 154 24 1154 5S'i 2 6- 136 56 iae Cotton Futures (Furnished By E. F. Button * Co.) (Member of New York Cotton'Exchange) New York Open High Low Close January March May July October December 952 9.61 952 9.61 10.23 10.30 10.22 10.25 10.20 1057 10.19 10.21 10.06 10.13 10.06 10.07 959 9.67 959 9.66 955 9.65 955 9.63 New Orleans Open Close 9.56 9.64 10.29 10.29 10.23 10.25 10.09 10.12 9.62 9.68 957 9.66 LIverpo in Pen< Open Q 8.23 8.24 825 8^0 .••• 8:15 8.23 8-24 S25 819 IU6 Seaboard Ah- Line Railway mmpany portS^et lou in 1940 of g.973.3^c pared with Ion ot 85.556.555 in 1939. re- com. lou in 1939. CUcw_and^Ea.tem imnol.. Railway Silver Market day at 34*. .54* .54H .30* .30* .39'4 .4074 1.685 Ji? 1.61 CIos* .78* .77 .7454 .3074 .28* .40% .42 1.71 1.6954 1.6154 Feb. 15 33,719 27,437 18,209 12,772 34,532 24,536 25,176 14,665 12,625 9.205 24,016 Week 32,378 27.169 17.856 12,523 33.072 25,476 24,736 14.160 12,486 •9,233 23.721 27.363 88.882 41.932 39.185 28,652 16,164 Tear Ago 30,558 21.409 15.0S7 13UT" 30.: 18,304 22.471 12,450 11,049 8,532 22,096 23,342 73.432 34,611 32.818 25.289 13,816 and hirterT °27o5o5""lbs'. "tSS^TS: "welghji around 34O Ibs. 7.00: good and choice 160V 180 Ibs. 7.50-7.85: sows 6.25-6.75._- * Sheep: Salable and total 2,700: trucked- irr lambs opened fully steady at 9.40-10.001 no carlots sold, asking strong to a shade hiaher or 1O.40 freight paid, or above. talMnfr around steady: 2 loads ewes 5.75 memo: sorted at 3.75: native ewes 5.50 down: few trucked-in tots feeding lambs 9.50-9.60. . .; •*^W*« ^ » -.^•jr'j'W^jK*^ 1 ' IJividends NEW YORK. Feb. 18— (AP)—Directors of Kennecott Copper corporation today voted a distribution of 25 cents a share and a special distribution of the fame amount on the capital stock, both payable Mar. 31 to holders of record Feb. 28. In 1940 the companv paid total dividends of $2.75 a share, "including two special distribution? of 50 cents each and one ot 75 cents. The Italian State Railways now have 4,263 steam and 1,482 electric locomotives. Wool Market BOSTON. Feb. 18— (USDA)— A fair demand existed in the Boston wool market today for the finer grades ot foreign wools. ign nt a A little more Interest was apparent also In the medium grades or South American wools. Interest in domestic wools centered largely in contracting the new wool clip. Dealers were reported to have paid 35-38 cents, in the grease, for some of the Texas wool contracts. Prices estimated at Jl- 1.05, scoured basis, were paid for some of the territory wools being contracted. WOOL TOP FTJTOtES NEW YORK, Feb. IS— (AP)— Commission house liquidation replaced an early demand from trade shorts in wool top futures today and prices finished .2 to .6 of a cent lower. Men. 127.4B; May 133.7B; July 119.0B: Oct. U5.3B. Spot tops 127.0B. B— Bid. A dcscriptiv* proapcctu* will b* gladly £umuh«ti on request by H.G. HANCHETT Bond and Investment C*. 8ia Swuiity BIdg. Phon.3-UB WINNIPEG, Feb. 18—CAP)—Wheat fuhrres: Hish Low Close May •• Tfl5t .76% .7754 Julv .79 .7854 .7814 Cash wheat: No. 1 hard 7554. No. 1 northern 7554. No. 3 72%. No. 3 69%. No. 3 white oaui 3354. No. 3 3154. OMAHA OMAHA. Feb. 18—CAP)—Cash wheat, none. Corn. No. 3 yellow 54. No. 4 53, No. 3 white 57. No. 3 mixed 5454. Oats, rye and barley, none. Foreign Exchange NEW YORK. Feb. 18—(AP)—The Hong Kong and Shanghai dollan scored new In the tree foreign exchange market today. The Hone Kone unit rose .U ot a cent and the Shanghai currency .08 ot a cent. Dealers attributed the rise, under way tor days, as the result mainly ot speculative • • - • the Far East, LONDON. toynox Feb. . e. -,, 23Ad, up A (equivalent 42.28 cents) .^ — p -Crude Rubber NEW YORK. Feb. IS— (AP)— Crude rub- be?futui« closed 10 to 20 higher: old Mch. 20.M: May S0.57B. New July 30.06B. and sterlma lost 54 cent. doslne rates follow (Great Britain In dollars, others In cents): . .. . _. Canada—Official Canadian control board rates fof U. S. dollars: Buying 10 per cent nremlum. telling 11 per cent premium, equivalent to discount* on Canadian dollan In New York ot buying 9.91 per cent, seninz 9.09 per cent Canadian dollar In New York open market 15% per cent discount, -or 84.6254 U. S. cents. Europe—Great Britain official (bankers foreign exchange-committee rates), buying 54.02. selling S4.04; open market, cables 54.03. Germany 40.0SN. benevolent 20.75: Finland 2.05N: Greece .68N: Hungary 19.77N; Italy 5.06: Portugal 4.01: Sweden 23.84: Switzerland 23.24X: Yugoslavia Latin America—Argentine official 29.77, free 23.60: Brazil official 6.05N, tree 5.00N: Mexico 20.70. _. ' Far East—Japan 23.48: Hong Kong 34.69; Shanzhai 5.89. (Rates In spot indicated. • N—No BAftill IfgnH unless otherwise X—For. ejom- Income Property Now Paying 4V2% Net Is Available for Investment or Future Building Requirements . • • Because owner has recently acquired larger properly this choice downtown site is now offered for sale. The southwest corner of Second avenue and Van Bnten street, approximately 150 feet on West Van Buren, and approximately 137% feet on North Second avenue. This is a well located quarter of a block on the most important and heavily traveled transcontinental highway, and in the center of much wholesale, retail and business .activity. Part of this corner now leased to a major oil company on long-term lease and balance of property also rented to same tenant. Present income from this property is $3,420 per year. 1940 taxes were $1,369. All street, and other assessments completely paid. Priced low to sell at $45,000. Income now is a return of 4% % net. The Above Property h An Excellent Site for Prime Bmliing Reqmementi TERMS c»n to arranged for as little at 30% cash, and balance at &% interest to to paid In annual Installments of 15% of the por- enase price. If 50% or more of the purchase price is paid, balance can to bandied en straight mortgage at 5£> interest. SM Y«n RMHtr ftt C*«iM* Brians I .•'•".

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