Arizona Republic from Phoenix, Arizona on February 20, 1941 · Page 63
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Arizona Republic from Phoenix, Arizona · Page 63

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Phoenix, Arizona
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Thursday, February 20, 1941
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ffOCK MARKET RESUMES DECLINE DESPITE GAIN IN COMMODITIES Jlove Studied ^«r YORK, Feb. 19—(AP) $\* .Markets resumed the de- -nitv nw*. .*.....«.- fnift -Unit ol trading 10 sbarei. Salrs 1: Adams Exp .40e Addrcssnf: 3 Air Reduction 3a Alaska Juneau a * AJlcghany Corp 14 \ 37-=, 4% Close 'I Sales In Hds. High onrt manv shares sold tinu inw*v •-. , ....t»...,..,., i_,M i, this year in contrast; Allegheny Lud st 3'.ie 3 •'o" commodities on the! A j llc c , hc 5? rs & D - ve «* = 345 20- 20 raw materials as • and silk were „. on the advance, under accumulation Arr.a! heather Amcradn Corp 2 Am Airlines 3e Am Rank Note 3 3 20 miRhtbein-ilS £ht*&ffi Am Chicle Am Coml Alco AmiFP 51 Am&KP 2 gathering crisis in spotlighted by rein^.an J. Singapore defenses Am " SSSw» of Japanese spokes- AI i sessions of falling s Wall Street was SJgS^siss 11 ^ iSrdaw'ar economy would mean nf Metier taxes and rcstric- Am Mctai -Tmnormal business activities ^.VTimr of government control <MHii!iE°i O u, bolt]cnot , ks 10 e .40* gWS Sug > r Tiling Pf I>f .30k .35k Am Hide & Leather Am Am Ice — International [ Am Lot'omotive Am M & Fdy .34 Am Pnw & Lt AmP&L $B pf 4 24^ 3 010 ^ 3 91i 3 IS 2 41 1 13 7 154 1 2'i 6 3H 2 IS 2 3% 7 121i 5 12-i 1 44% 40 K' 4% ! Int Mer Marine A • Int Nick Can 2 Int Paper & Pow Tel & Tel 3 IIntcrst Deptfstrs .35g 77 > . .1 6 37 34 32 33 27 5 Johns-Manville K 3STi ISTi I Kennecott Cop ">2 109 309 Krcsge (S S 1.20a 5 4% 4"» Kress (S H) 3.60 31 9141 Kroger Grocery Ug 3 314 ^ Lambert Co %g 3 Lib-O-F Glass lig 3 Libby. JIcNi-L 1-e 399 Liggett & Myers 4a 3 Liggett & My B 4a 3 15 2Vi 3V, ripht of attention" to the prow- on arms produc- (Lsrnment supervision, it was ^TiTtrade reports, covered limitation and rationing „, mostly on a voluntary ^/(i-operation with produc- Am ^^ , , , Am Zmr L & S ie huge defense orner Anaconda 2e aircraft, shipbuilding | A P \v Paper 38 6 AmP&L S» pf ].56k 11 Am Rad&StS .40e 22 Am Roll Mill lie 39 Am Safety Raror Am Seating He Am Smelt & R u Am Snuff Co 3a" Am SU Fdrs lig Am Sugar Ret HI Am Tel & Tel 9 Am Tob B 5 Am Type Fdrs Am Wat Wks .SO 6 1 6 1 10 3 39 33 Vi AVi 12H 6 7»i 33 ?i 50 22 li 13Vi 12 12 39 S 32 Vi fi 111* 12Vi 32 6 11'i lith the Ofl . share prices . markcd doxvn ral list. . tonstomore than a point U. S. Steel, Beth- Westinchouse, Du Pont, : Douglas Aircraft. United Boeing, Anaconda, Ken- ^t «nil Standard Oil of New Sican Telephone fell 2, cnd- . American Airlines lost pointed out numerous ads npresentative of the stable SfrinaHiig industries, including ilic utilities, have fallen persist- Shriniecent weeks in the shadow llBhertaxes and possibilities the •ted States might become more Jply Involved in the world con„. Associated Press composite se of 60 stocks finished at 39.9, sost duplicating the 1941 bottom jje last week, which was the <esttiiice the collapse of France June, 1940. Transactions in- ased to 465,430 shares from 320,i yesterday. Chicago wheat rallied H to % a cent a bushel Corn rose 1 to .Newlork cotton futures ended to 40 cents a bale higher. Cor- rate Bonds trailed stocks on the .•line. ji the curb exchange, losses of ictions to more than a point ap- ared in Aluminum of America, jerictn Gas and Electric, Le arneau, New Jersey Zinc and Twin- Williams. Montgomery ird A broke 9 to 156 on a small never. tab volume expanded to 105,000 res compared with 93,000 the sioia day. Arm III Arm 111 pr pf Armstrnnc Cork !i Arllnom Corp ^ig Assd Dry Goods Atch T A- S F 3e Atrh T *• S F pf 5 Atl Coast Line Atl Refining 1 Atl«s Corp li» Atlas Tnck .15g Aviation Ccrp 13 15S 1 6Si; 13 Sli 34 6 1 3 4 49 R 10 10 5 6 35 3S-4 50 13'i 156?i 156'i ISli 6Sli h Is IS Bald Loco r*t Bait & Ohio Bait & Ohio pf Barber Asph vie Barnsdall Oil .15! Bath Ir Wks »ie Bavuk Cigar m Bclding Hem .80 Bendix Aviat IE Bcnef Ind Ln 1.85s Beth Steel 3'ig Beth Steel pf 7 Bicelow Sanf Ig Blaw Knox lie Boeing Airplane Bonn Al i Brass Bordcn Co .3oc Bore Warner .40E Bridgeport Brass ie Briggs Mfg :' 4 e Bklyn Man Tr Bklyn Un Gas 9 4 5 17 1 15 44 O 1 6 21 S 6 K 6 S 6 6 14 >i 21U fiS SVj 3:. 14'i 3'4 4S 51 21'i s?:» 13V 34' 21H 20H 191i 7R 25_ iK 12" 23 74 » 122 25 Brunswick Balke Hg 2 .15E Rucyrus Erie Budd Mfg tButid Mfg pf Burlc! Wheel .20s; Bullard Co >,g Burlmc Mills 1 Burr Add Mach .15g Butler Bros .15g Butte Cop & Zinc Byers (Ail) Co Calif Packing 1 Callahan Z-Lead Calumet & Hec 1* 1 7 11 37-Ti 10 2014 12* 20 9V 3t, 5.S 5'i 4 1 4 37^ 9V 20 Vs 5V 3314 20 9H . 3H 52 S2 5 s i 5V 26 U 26V, 36'-i 3614 "-•. s 4"i 9% 2014 5% 1114 20 9«4 41, ________ Campbell Wyant .35s 1 1 5 2 2 7 5 2 15 1714 I 1 . 57. 1714 3% 7U 1714 . Can Drv G Ale .60 Canad Pacific Case fJIt Co 3e Caterpil Tractor 2 Celancse Corp Il4 Ccrro de Pas 3g Certain-teed Prod 13V 33V Ches A Ohio 3 Chi Pneu Tool Chlckasha Cot Oil lie 1 .10 44 2 44 43 S 22:i *3ti 39 li 30 Childs Co TChile Cop Chrysler Corp 27 3% 39 9'i 10% *» 24 22 27 Clark Equipment ^«ff Climax Mofvb 1.20a - - - '1M hl£b« WUlmi Slocks Did . Wednesday Tuesday ^ JK! Coca-Cola 5e 393 194 ™—""•'•"• 740 661 1 1 228 106 iBocUW Freu Arrracra OoopM by the Associated Press 30 15 13 «0 Indnrt Rails I'tll Storko D.2 D.2 35.5 32.6 15 7 3** 8 K'.O ~~~ 3R.9 17.7 15.4 13.0 33.2 39.4 35.5 32.6 40.6 30.9 D. 39 P 40.2 43.7 so.:; 45.0 39.8 7.0 1S3S-39 1932-37 1927-23 75.3 16.9 ATeratei 157.7 61.8 Nrt High Low <1<»F rhR>. 118.71 117.43 117.94 tl.04 San 26.68 26.42 26.515 10.10 Uttlf 1S.96 18.98 16.7g 18.81 10.19 l«ks «.08 40.17 39.74 39.91 10.34 4F.53 T0.44 10S.74 '0.27 106.63 10.19 stocks used In averages: Today Tuesday Monday 5S.500 43.900 49;SOO 30.600 23.400 22.500 21,900 34.600 17.900 133,000 80,300 90.200 SlmJirJ BlatUtlrs •Q826 Average Equata 300) ** A. :n Ball! 27.4 27.6 319.0 305.8 B2.4 JO Jndi. Halls 61.31 29.9 S.I sn.s 61.C :n I til! 49R 80.1 5S.2 70.0 55.9 S<11 :o rtii« 100.7 100.8 im.2 ini.s in.s 10U.6 Collins & Alk 21»g Colum Br'c -45g Colum G & El .10g Colum Carbon Is Coml Credit 3 Coml Invest Tr 4 Coml Solvents Ve Com'wlth & South Com & South pi 3 Com'wlth Edis l.SO Congoleum-Nairn 1 Consol Aircr 2e Consol Cigar IV Cons Cnnpermin lie Con« Edison 2 Cons Edison pf 5 Consol Oil lig Consol RH Cuba pf Consol'n Coal Container Corp lis Cnnt Bak A Cnnt BHk B Cont Can 2e Cont Ins 1.60a Cont Motors Cont Oil Del 1 25 'i 181, 351, EH 1714 1214 STi 2114 10 30V 24 32!» 3214 27 27 S7 67 11V 33H 24S 24S 3". 76'4 2914 35 S% N 49 ~t 28 '4 17% 2214 3 :• 7fi'i 2914 35 EH 50 20Ti 20;i 3 106'i 106 28 Mi 5* • Coppenvcld Stl .20g 2 3 K 6 4 Crown Zellerbach lig 5 iCrown Zcller pf 5 .40 Corn Products 3 Cotv Inc !?<• Crane Co .SOe Crown Cork & S Crucible Steel Cuban-Am Sugar Cuneo Press 3 la Curtis Publishg Curtis Pub pr ft Curtiss-Wnght lie Curtiss-Wr A 2 Cutler-Hammer -35g Deere * Co lite Del & Hudson Del Lack & West 1314 7% 36%3,% 16H 1414 4414 15% 2314 13 I?* 114 33 7S 2S«i 17Vi 39 914 S 36 H 35% 2'i 17S 14'4 •4414 37i 15 22% 12H 87 36 'i 5>4 % a 7% 36 S 35=4 2'i 37S 44 It 35S 14 32 >4 314 32'i 17Vi 17Vi IKK 9 18H 9't 97.6 S62 75.7 «n Bond* S.1.9t 84.1 R5.4- (5 9 S4.1 , De'iroTEd^on'S 1 30714 3O7V^ 10?14 i Diamond Match a *E Dist Corp-Seac h2.22 Dnuclas Airrraft 5c Do\v Chem 3 Dressrr MfC ^e Build Plant . 0., Feb. 19— R. Hook, president .oiling Mill Com- Mi'r-r^ytea today plans to S?*2#$5.000,000blast furnace tSfcftSy ca P acit y of 1,000 tons • """"« at the concern's Ash- Gabriel Co A plant ~~~ "~ "° ? ^ ou"Ponl~ de N 3VR 33 342 E Eastern Air L - 30 5f Eastman Kodak 6 F.I Auto-Lite 3 9- Elcc Boat .SOe 31 El Powen & Lt R El Pow A Lt 56 pf..30e 4 El Pmv & L S7 pf .35e 14 36U 6314 140 140V MC **5^i 7 1514 J25J4 126,. . El Storage Bat 2 El Paso Nat Gas 3 Endicott-John 3 Eng Pub Scrvic* Erie R R F.rie 1 nf Evans Products Exchange Butfet First Nat Sirs 214 Flintkote le no . - — - r -_^ Food Machinery 1.60* 1 27H 27H 27% • ' 13^4 1374 3U 241, 2S 31 fi 2filj 39% 4% S I 6 14 39 32% 27H 12% 31. 23J4 2714 31 H 26% 3R1? 4% A J.. 5N 14 31i 2414 28 2 1 '' SUM. 4% 1 A 5H Vi 3fit 3814 going ahead at this time co-operate with the na" program," said Hook. * And Steel Foster \Vheelrr ,- tFoster Wheelerx-pf -10 305 G l .15e 1 3e 2 1374 105 105 3en Gen Am Am 3*4 4'4 49'4 Gen Baking .60 Gen Bronze Cen Cable Gen Cigar 3 tGen Cigar pf 7 Gen Elcc 3.fee On Foods 2 Gen G S- El A -^ j tGen Mills 5^ pf 5 qef Marfejg™ i?^ He eb. 19—(AP)— Gen Thea Eq .S5e "t consumption of {jijfJJ sa? U R %B scrap reached the oimhei Bros 4,278,000 cross tons Glidden Co 3e " tons above the 1 Gochel .Brew_.20 October, 1940, 3 4 R Xd2 414 50 41, 114 414 50 6H »>S M llv 37* "70 125'i 32514 32514 •94 311; ?n« 31 3 35.. 35.. S 5 ^ Iron and Stoel • 4 —. compared with wins in December and •» year ago. nmately half the scrap January was supplier! by «lo ] acquired it. from man« w &SS? U> "'''•"arts, demoli- «saVi;- mEEl P pd( i]er collcc- n ""Jpnous wrecking opera- M «e oJJier half, "home" :ced by steel mills their manufactur- 57 5 5 1 1 9 5 3 34 Graham-Paige Mot 11 Granby Cnn Min .ISg 1 Grant (WT) 1.40 4 Gt Nor Ir Ore ct 3»ie 2 Gt Northn Ry pf Vie 3H Gt West Sug 2 3 Greyhound Corp 3a .10 13114 131'4 13114 i— .. ,r Am? Any. . __________ . B F Goodrich B F pf 5 Goodyear T & R l pf R l Gua'ntnn Sugar Ouir Mob i- Oh pf Ilarb-Walker »ig Hayes Mfc He'cker Prod .60 Hercules Motor If 4114 4 12 12 10*! 314 514 1214 59 Vi 1714 4.S 3114 1314 11 3<4 9 Id 40 '4 32 IIS 314 514 1374 5$ 22H 21 10'i 20>* Hrtrules Powder 2.S5e 1 _^ 1 Hercules Pow pf 6 .30 127 Homes! a ke Mn 414 xdR 4ft K Hour-Hcrshey B HE 1 *1.. Houston Oil ~ Howe Sound 3 * Hudson Bay M&S h2e 2 Hudson Motor 1 Hupp Motor » Illinois Central < III Central pt 2 Indust Ravon 3 5 Inland Steel 4 32 6714 32 1614 614 31 li 16H 12 US 10 V, 3M. 514 13 2'A 1214 59 l i 171* 47! 3114 J3'i W14 21 lOli 1U BMi 20 H 2'. 6H 12 67 li 127 46 1* Infpirat Copper lie 8 Interchem Corp 1-60 1 lni/.rl«k« Iron * •Inurlii* Iron 9=4 22 13 9H 46 =i 3H ^ 31U i? !i •) 514 3r-?i, 5614 i? 23 25 li 32 35'i SH SS 90 IVi 23K 46? 3> =!* 22 =i 22H 25 li 32 35 5 S8 90 39T1 56 Vi 31 Vi 23 22H 25 li 12 35 5 KS -Motor Wheel 1.60 Mullins Mfg B Murray Corp M 3 15K 3 31i lie 2 STi Sales In Hds. High 15V4 3 5Ti 15 Vi 3 55, Low ClOK 17 41i 5 17H 2 Sli 18 17 8 12H 11 13H f 2 ^ 1 16 8 61i 2 5514 11 5 5 4»4 Natomas Co la 3 9Ti Nehl Corp >4a 8 SS N'ewmont Min «ig 3 25li Newport Indust .30e 7 6'i Newpt New Ship .40g 6 21U N Y Central RR 66 121i N Y Chi&StL pf 2 25"i N'ash-Kelvinator Nat Acme le Nat Aviation a ie Nat Biscuit 1.60 Nat Cash Reg 1 Nat Dairy Pr .SO Nat Distillers 2 Nat Gypsum .40e Nat Lead 14 a Nat Pow & Lt ,60 Natl Steel 3 Nat Supply Nat Tea 41i 171i Sli 16 ^i 1214 1314 21 6% 16 6 55 li 4',, 4Vi I* 25 li 614 20% 11 % 25 17V4 SVt 167, 12 Va 13 Vi 21 6? 16 6 55 Vi 5 4V: 9 8 25 Vi 6U 21 12 25 Vi Lima Locomotive 2 23 1 * °^t; ooy Link-Belt 1 1 34' 34 34 Lion Oil Ret 1 1 q"i 9?; gsj Lockheed Airc IVie 20 2Hi 20s "0% Locw's Inc 2a fi 30', 30i. 30Ti Loft Inc Vie 107 15' 4 14 15H Low Star Cem 3a 3 36 ji 3«Vi 3BH Loose- WU Bisc lis 6 14 14 14 Lorillard {Pi 1.20 S ISVi 17% i7Ti M MacA A Forbes 2a 2 29 2"> "9 Mack Trucks IVie 2 26 25H 25'i Macj- (R H) 2 5 23U 23Vi 23 s i Marine Midi .10g 10 4H 4H 4H Marshall Field 740 n 14H 13'i 14 Martin G L Co 2e 9 23% 23Vi 23--i Martin Parry 4 SVi 8 SVi Masonite Corp 1 2 25 Vi 25 25 Mathieson Alk IVi 5 25Vi 25Vi ''S'i t.Mathieson Alk pt 7 .10174 174 174 May Dept Store* 3 1 4SVi 48^ 4S'i Mclntyre Pore h2.22a 2 31 31 31 McKess & Rob 21 3Hi 3 3H McKess & Rob pt 3 24 Vi 24 24 V, Mengel Co 1 SVi 3Vi 3V, Mesta Machine Vtg 1 29 29 29 Miami Copper ,45e 11 7Vi 7 7 Mid-Cont Pet .80e 1 137, 13% 13H Midland SU Prod V-g 2 30!i 30 30' 4 Mmn-Honey Reg 2a 1 41V 41V 41 »» Minn-Moline 2 3V, 3V, 3Vii Mission Corp Vi« 3 9'i SVi 9Vi Mo-Kan-Texas 1 A A A Mo-Kan-Texas pf 1 1? l2 iS Mohawk Carpet Hg 2 15 15 15 Monsanto Chem 3e 2 77>i 77 77Vi Montgom Ward Vig 20 35V 35 35Vi Motor Products le 1 8H 6%l 8?i Poultry And Eggs FUBMSHED BY EH WELXICK A>'D SON BC11NG FRICES Poultry Hens white 2Vi lo 3 Ibs. J2 Hens white over SVi Ibs. .15 Hens colored 3Vi to 4Vi Ibs. .17 Hens colored 4Vi to 5Vi Ibs. .20 Broilers. 1 to IVi Ibs. • .IS Fn-ers. white l a i to 2Vi Ibs. .20 Fr>-ers, white IVs to l»i Ibs. .20 Fryers, colored IVi to 2 Ibs. .20 Fners, colored 2 to 2Vi Ibg. .21 Fryers, colored 24 to 3 Ibs. .21 Roasters wit-bone 3 Ibs. and over .19 Stags .08 Capons .20 jumeas. young .20 Ducks, white Pekln young. 4Vi Ibs. and up .13 Ducklings, all others .10 3eese. young • .15 Souabs over 1 Ib. «ach .30 Turkeys prime No. 1 toms .16 Turkeya prime No. 1 hens .14 Turkevs, prime No. 2 tomi .11 Turkeys, prime No. 2 hens .11 babbits, young 2 to 3?i Ibs. .10 lahhits. young 3!i to 4V4 Iba. .13 Rabbits, old .05 Egll No. 1 large whit* .19 Co. 1 medium .17 No. 1 Email white .15 *o. 1 large colored .17 ^o. 1 medium colored .16 No. 1 small colored .15 LOS ANGELES LOS AXGELES. Feb. 19— (UP)— Butter: Exirai 3,'t. prime firsts 32. sianairds 31Vi. undcrgrades 30. Large rgzs — Candled clean fxtrai 22. candled light dirty extra* 21. candled clean standards 20. candled light dirty standards 19. candled checks IS. Medium eggs — Candled extras 19. candled light dirty extras IS. candled clean standards 17. candled light dirty standards 16. candled check* 17. Small eggs— Candled extras 15. candled light dirty evtras 14. case count 19. Western cheese — Triplet Daisies 16, Longhorns 16 Vi. loafs 17. t Poultry prices — Hens, leghorns. 2Vi to 3Vi Ibs. 14: over 3Vi and up to 4 Ibs. 14: over 4 Ibs. and up 15: hens, colored. 4 to 5Vi Ibs. 21; over SVi Ihs. and up 20: broilers. 1'i and up to l»i Ibi. 19: over IV and up to 2V« Ibs. 20; fry. leghorns, over 2V* and up to 3 Ibs. 15: colored. 2Vj and up to 3Vi IBS. 16: colored over SVi and up to 4U Ibs. 17: roasters, colored over 4U Ibs. and up 18; stags, colored 14: old roosters, colored 11; leghorn (19: ducklings, Pekin. over S Ibs. and up 19: under 5 Ibs. IS: old ducks, white Pekin. OS: geese 15; young torn turkey*. 14 Ib«. and under 20 Ibs. 13: 20 Ibs. and up 12: young hen turkeys, 9 lb». and under U Ibt. 16: 11 Ibs. and up 16: old hen turkeys 11: old torn turkeys 11: capora, 6 to 8 Ihs. 24: over S Ibs. and up 24: rabbits. No. 1 white SVi to 4Vj Ibs. 16; mixed colors. SVi to 4H Ibs. 13; rabbits, woolley 06; No. 1 old 06. CHICAGO CHICAGO. Feb. 19 — (AP)— Butter, receipts 692.681: steady: creamery. 90 store 29 'i- other prices unchanged. Eggs, re- eeipti 8.798: firm: fresh graded, extra firsts. local 1". firits. local 15V, cars 16Vi: •urrcnt receipts 15 Vi; other prices un- Poultry live. 19 trucki: steady to firm: springs, under 4 Ibs.. Plymouth Rock 20; capnnV. 7 Ibs. up 22H. under 7 Ibs. 22; other prices unchanged. KANSAS CTTT KANSAS CITY. Feb. 19— CAP)— Eggs. 14V: current receipts, 14. Other prices unchanged. Dividends NEW YORK. Feb. 19 — (AP) — Holders of the approximately 18.700.000 outstanding shares of American Telephone and Telegraph company, commcn stock will receive he re~ular quarterly dividend of S2.25 a share on Apr. 15. 'The payment, totaling roughlv $42.000.000. voted today, will be made to stockholders of record Mar. 17. Gar Wood Industries, Inc.. authorized a dividend of 20 cents » sharp, payable Mar 24 to holders of record Feb. 21. the first since 25 cents was disbursed in July, L9T7 The company makes motor boats, hoist's, car bodies, heating equipment, road machinery and other Industrial products at Plants in Michigan. Minnesota. New York, ;alifornia and Ontario. The American Cigaret and Cigar company declared a dividend of «2 a share on com™n stock, payable Mar. 14. to holders S record Mar. 3. The only 1940 payment was a stock dividend of 1/10 share of American Tobacco company common for each share of American Cigarette stock held, raid In November. The company Is con- rolled by the American Tobacco company. Cash Provisions CHICAGO. Feb. 19-(APi-Lard tierces 6.20; loose S.42; bellies 11.12. N Y N H & H 2 U A 'i N Y Shipbuilding le 14 25^4 24?i 25ii No Am Aviat Hie 17 13V; 12?i 12>i North Amer Co 1.20 42 15'i 15 15 Northern Pacific 8 5H 5% 5?i O Ohio Oil .45e 16 614 6% 6»t Oliver Farm Eq ^4g 2 14H 13 l i 13% Omnibus Corp 1.20 1 9Vi 9'A 9H Otis Elevator .20g 3 ISVi 15U 15Vi Otis Steel 3 7% 754 7«j Owens-Ill Glass ttc 14 41 H 40H 40% P Pac Gas & Elec 2 n 26H 26 26% Pac Lighting 3 3 36H 36»i 36H Packard Motor S 2% 2«i 2t Pan Am Airways 4 12 1 ! 12H 12H Param Pictures .20g 37 10H 10«i 10H Park U Con M .lOe 2 IV, Hi 1% Parke Darts .40g 3 26Vi 26tt 26H Pathe Film .30* 6 S"4 8 S Patino Mines .60g 4 7S Tii 7% Pennev J C 3a 7 76 V, 75 75 Penn Dix Cement 20 2M> 2 2 Penn R R liie 27 22H 22H 221J Peoples Gas L&C 3XR 2 39 3S% 38% Petrol Corp .70s 2666 Phelps Dodge Viff 16 28% 27% 2814 Philco Corp tie 1 11 11 11 Philip Morris 3 2 7354 7314 73H Phillips Pet 2 9 3Sli SSTi 36 Pillsbury Hour 1.60 1 21% 2174 2171 Pitt Scr & Bolt .45* 3 544 5ii 5H *Pitt Steel pr pf .10 57 57 57 Plymouth Oil l.SOe 1 14* 14% 141 =>oor i Co B 2 61-i 614 61i Dressed Steel Car 10 9V4 9<4 9'i 'rocter & Gab 2 11 S214 S1U 51tt 'ub Svc NJ Z40 4 27H 27 27 'ullman 1 5 23 22H 23 'ure Oil lie 8 7H 714 7H Purity Bak Ug 2 10K 10H 10H R Radio Cp of Am .20g 70 4 4 4 ftadio-Keith-Orph 11 314 3H 314 ^avbest-Man l!i« 1 19 19 19 Ravonier Inc 1 13 13 13 leading Co 1 2 12% 1214 1214 ^cmine Rand .20* 3 814 814 814 ^ieo Motors ct 3111 Rcpub Steel ViE 85 17% 17H 17H Revere Copper & Br 4 Sli S S Reynolds Metals .30e 2 10H 1014 10S levnolds Tob B %c H 321, 31 H 32 Richfield Oil lie 6 7% 7H 7% S Safewav Stores 3a 4 3R 3714 3714 tsafe St 51 pf 5 .40 11014 11014 11014 St Joseph Lead 'As 1 34 34 34 Schenlev Distill 14 914 9 9 1 * Seaboard Air Line 5 »i "4 14 Sears Roebuck 3a 7 69H 69"i 69'i Servel Jnc 1 10 10 9S 9% Sharon Stl Corp Me 1 11 11 11 Shattuck (FGi .40 5 4H 4>4 414 Shell Union Oil %e 3 1071 10% 1074 Simmons Co 2e 3 17 17 17 Skellv Oil 114e 1 18% 1S74 1874 Smith (AO) Corp *Ae 2 14>i 1414 1414 Socony-Vacuum lig 39 S% S«« KS So P Rico Sug 1 4 16% 164 1614 Sou Cal Edison Ilia 4 25S 25S 25H Southern Pacific 35 S«i S14 814 Southern Ry 6 11H 11H 11H southern Rv pf 19 20>4 19% 201* Sparks Withlngten 3 114 1V4 1»4 Sperry Corp 2e 16 321, 31% 31% Spiegel Inc .15g 2 514 514 5V4 Square D Co 2.80e 6 32 3114 32 Stand Brands .40a 41 6>4 6 6 Std G 4 E S4 pj 4 2«4 214 214 Stand Oil Cal 1 33 1814 18 18 Stand Oil Ind 1 21 25H 25H 25% Stand OH N J Is 32 334 33 33"4 Stewart-Warn lie 3 6'i 6% 6% Stone & Webster 14* 4 614 6 6 Studebaker Corp 7 6H 6 6 Sun Oil la 5 55 55 65 Sunshine Mng 1 60 9 SS SH SS Superior Oil .l?e 4 IS 14 IH Swift & Co 1.20a 3 2214 2214 2214 T Tenn Corn *Jz 17% 7% 7% Texas & Pacific Ry 2 SH 8H SH Texas Corp 2 19 351i 3414 34H Texas Gulf Prod .20* 4333 Texas Gulf Sulph 2a 7 35H 3314 3514 Tex Pac C & 0 .40 3 514 514 514 Tex Pac L Trust .10* 1 374 374 3?t Thermoid Co 7 414 4 l l 4U Tide Wat A Oil .60 8 9% 9H 9% fide Wat A O pf 414 1 98 98 98 rimk-Det Axle 314* 9 2814 2714 27«4 rransamerica '.i 4 4^i 4 "4 4U Prans & West Aid 4 13'i 13 "I IS 1 -* Tri-Cont Corp 2 1«4 1U IH Truax-Traer C U* 14 4 4 Twent C-Fox F 3 5T4 5% 5S D Undem-ood-El 2«e 4 32 32 32 Jnion Bag & P 1* 9 1014 10 10 Jnion Carbide %g 22 62% 61% 6211 Jnion Oil Cal 1 S 13'i 13Vi 1314 Union Pacific 6 5 7«% 76% 76>4 Jnion Tank Cat 3 26 25H 25S JnMed Air Lines 25 1274 12 1 * V1V, United Aircr 3Mt 17 3514 34^4 34% Jnited Carbon 3 4 4714 47 47 Jnited Corp S 11« 114 114 Jnit Fruit 4 2 6314 631i 6314 United Gas Imp .80 37 8K SH SU U S Gvosum 2a 6 SIS 60 60 J S Indus Alco 3 2114 2114 2114 J S Leather A 2 614 6 6 U S Pine & Fdry-3 2 29 2SS 28H J S Plywood 1.20 5 21 201i 2014 U S Real & Imp 1 114 114 114 U S Rubber 36 1814 1774 1SV4 J S Rubber 1 B! 8 26 El R0»4 S0% I S Smelt RiM 1C 1 58 58 58 ! S Steel ]g Xdl24 56H 55 55S J S Steel pf 7 2 IISH 118 118 r S Tobacco .3tg 2 28 28 28 Unlv Pictures 1 pf .40 139 138 138 Vanadium Corp 114* 4 26% 2614 2614 Vick Chem 2a 4 42«4 4214 4214 Va-Caro Chem 2222 w Valker H G A W h4 3 2614 26 26 Valworth Co 4 4% 4>4 4H Ward Baking B 1 % 74 74 Varner Bros Pict 18 2% 2% 2 Varren Bros 2 \\ H H Warren Bros cv pf .50 S 8 8 Waukesha Motor 1 1 15 15 15 Vest Auto Sup xdll 2414 24 34 Vest Man-land 13 3-3 Vest Pacific pf 2 A A A West Union Tel le 15 1914 19 19 Vesting Air Br lig 7 1974 1914 1914 West El & fg Ig 14 91% 9014 91 Wheeling Steel 4 25 1 4 25 25 White Motor 18 12% 1214 12H White Rk M Sp 2 514 514 514 Vilson & Co 17 414 4\ 4«4 Voolwrth <FW) 2.40 20 30% 3014 3014 Vorthlngton P&M 3 17 1614 1614 Vrigley (W) Jr 3a xd2 70 69% 69% Yellow Tr * C IWe 11 1314 1274 1274 Young Spg & W lie 1 914 914 914 Youngst Sh 'As I 7 32W 3114 32 Z Zenith Radio le 2 1274 12% 1274 Zonit* Products 8233 SALES STATISTICS Artivd (lock! 4*0.100 jiactirei S,330 Total today 465,430 'irvlom day 320,050 iVrrk ago closed. \'nr ato WJ.850 Two years ago closed Ian. 1 In date • 1B,'!0!I,KI. < I h>ar aen Z6,!88,H50 rm) yrars BRO 35,050,088 Cotton Market Republic Dispatch R EPOKTS received from the U. S. Bureau of Agricultural Economics place the premiums offered on PREMIUM-STAPLE COTTON as noted below. Premiums were compiled from prices at which cotton is actually sold, and lengths are described to conform with the official standard of the United States. New Orleans middling 10.32. Staples based on March futures. Strict middling; inch 60 points on; 1 1/3Z Inches 80 points on; 1 1/16 inches 115 points on; 1% inches 215 points on. Demand fair. NEW YORK NEW YORK, Feb. 19 — (AP) — Reduced supplies of cotton futures for sale brought price gains of 2 to 8 points today. /-> . . E 1 i, ,-«- (Furnished By E. F. Button ft Co.)' UOttOn r UllireS (Member of New York Cotton Exchange) Liverpool New York New Orleans in Pence Open High Low Close Open Close Open Close January • 9-66 9-66 9.61 9.64 | 9.66 9.67 8.15 March 10.28 10.30 10.25 10.29 10.35 10.36 8.23 8.23 May 10.25 10.28 10.22 10.28 10.29 10.32 8.24 July 10.11 10.15 10.09 10.15 10.17 10.18 8.25 8.25 October 9-69 9.69 9.62 9.68 9.73 9.74 8.21 8.19 December 9-66 9.66 9.61 9.66 I 9.69 9.71 8.16 New York Bonds New York Stock ExcJumge NEW YORK. Feb. 19—(AP)-Mos sections of the bond market were unde moderate selling pressure today and prices dropped fractions to around a point gen eraiiy and. In some cases, as much as 5 «v j nervousness in financial quarter oxer developments in the war theaters wa the priocipal reason advanced by broker for the recession, which was accomplishe - turnover of but 55,042.700. na _— Yesterday's sales totaled $5,327, OiJ. The rail group In the Associated Pres averages sank to a new 3941 low at 60.2 °' f -Jof a point, notwithstanding the fac the day's grist of news affecting "• th carriers was more favorable than otherwise ii i ta 5 werc - among others. Interna tional Hydro Electric 6s at 45%. Bosto and Maine 4!is at 2014. Childs Compan as at 27% (a new low for the year Rock Island general 4s at 15 li. Per Marquette 4s at 63 and Pennsylvani general 414s at 10514. Among the few Issues contesting th tide for small advances were Montan Power 3?is. Pacific Gas 31is and Conti nental Oil 2%s. U. S. governments lost up to 15/32 o point in the long-term treasury lis while a few maturities nearer by closet up a shade. British Empire bonds reflected nervous ness in the foreign group. Australia 4V. and New South Wales 5s were among th losers. BOND AVERAGES Compiled by the Associated Press 20 10 10 10 Indunt TJtil Fra. A .1 A .1 D . 104.5 99.1 4(1. 104.4 99.0 40. 105.0 101.0 39. .... . Net change Wednesday Previous day Month ago hj?h 1940 low Balls D .3 60.2 60.5 63.7 5 " s W- 2 60 - 2 61 -4 4S.3 105 - 3 105.9 98.9 100.7 90.3 10 LOW YIELD BONDS Low yield 333.1 Month ago 113.9 1941 high 114.6 1940 high 114 6 Prev. day Year ago 1941 low 1940 low Sales In ,„ . Sl.OOO Hl»h low A] eghany cv 5s 44 7 90»i 90U Alleghany cv 5s 49 12 79 78 Am & For P 5s 2030 26 531i 53 Am I G Chem 514s 49 Am Int 514s 49 Am T A T 51is 43 Am T & T 3Hs 66 Arm Del 4s 57 Arm Del 4s 55 A T & S F 4s 95 AT & SF 41is C-A62 1 110 " 110" 110 A C Line lrt 4s 52 2 74 li 73H 73H - - - - - 03 38^ 35 ssvi 12 43 H 43 43 S 101li 101 101 9 101 101 101 5 iai r V 103* 103A 22 107ii 1074, 107$i 6 105% lOSli 3051i 7 30511 305 305 V t 36 30814 30714 107V B & O 95 st A" S & O SW 50 st Bell T Pa 5s 48 B Bell T Pa 5s 60 C Beth Stl 3Us 65 Bkly Edis 3 Us 66 Can Nat Ry 4lis 51 Can Nat Ry 4lis 57 Can Nor 61is 46 Can Pac 41is 46 :an Pac 41is 60 5 3127i 112* 132H 3 330"4 130^ 1301: 6 104 S 4. 104 li 104*; 5 108H 10831 108% ~ 901i 90V 91 "4 91 90 li 1 102% 102% 102«! — 78H — Cen N Y Pow 3 Cen Pac 5s 60 65H 53 655214 78% 65 V 52V s 62 3 10614 10614 106V Certain-td 51is 48 5 47% 1 85 C B A Q 414s 77 3 72 C B A Q 4s 58 7 8314 Chic Gt West 4s 59 49 3214 CMSP A Pac 5s 75 42 6 Chi A NW cv 4%s 49 15 111 47« 85 71% S31i 31 s i 5% Hi 104 47H 85 72 1" 5% H 104' Columbia G 5s 52 May 3 104 _... — . Comw Ed cv 31is 58 14 31414 11414 11414 Con Edis 314s 48 1 105U 105H 1051i ronsum Pow 31is 70 2 109',i :uba No Ry 5Vil 42 1 161i D 4 R G «ts 36 15 7H Duquesne Lt 3*4* 65 31 losn 3en Stl Cast 5lis 49 21 Goodrich 4«s 56 7 30514 Gt Nor Ry 51is 52 2 lOSli i & M rfg 5s 57 37 4614 Til Cen 4Hs 66 28 29H [nterlake Iron cv 4s 47 5 9714 fnt Hydro El cv 6s 44 14 46>4 2 109',i 109»i 100'i .. 7% -i lOSli lOSli 85»i S4?» 85 105 105 . 10514 10514 ht Pap 5s 47 Jit T & T 5s 55 > C Term 4s 60 ixiulsla & Ark 5s 69 M K Tex 5s 62 A •Vt K T 41is 78 AI K Tex 1st 4s 90 .f K Tex 4s 62 B ifo Pac cv 51is 49 tfo Pac 5s 77 Natl Steel 3s 65 •JVC rfg 5s 2013 NYC 4lis 2013A NYChl&StL 46 2914 9714 45 S 103 2914 9714 45 "I 303M 6 303.. _._ 27 39S 39 39li 6 307»i 107»4 107»i 8414 "' %* 1214 _ 19V 2 104 30 62V1 57 57 '4A S 68 84 li 13 li 26^ 12^ 1914 104 61H NYChl&StL 4VSS 7S 31 55V 54H Niagara Sh cv 514s 50 1 102% 102% 102H S or Pac 4s 97 19 7814 77'i 77n S4H 1314 12V 26 >J 12lt 62 VS 5654 67 54 «4 102H Vor Pac 3s 2047 18 4314 42*. 43H 'ac G & E 3V« 61 5 110V 110V 110V 'en P & Lt 4Us 74 7 10714 10714 10714 Pen RR gen 5s 68 5 114'i 114 114 ~ 5 121V 121V 121V 19 106 10514 10314 19 91 00 90'; 15 101% 30114 30114 . .:ps Dodge 3Vis 52 1 106V 106V 106V Phiia Co 5s 67 18 106»t 106H 106% Ftem Rand 4V J 56ww 9 103N 10314 3U:iS Republic Steel 514s 54 30 30314 30314 303H •Jepubllc Steel 414s 61 5 30414 304H 304VJ •Uchfield Oil 4s 52 4 305V 305 305 gen Pen RR en 41is 60 Pen R gen 4Vi» 65 'en RR 414s deb 70 'en RR gen 4 l is 81 Phtlp " ~" ~" Soconv-Vac 3s 64 SOP Pac 4H» 68 Sou Pac 414s 81 So Pac clt 4s 49 south Ry 614s 56 3 105*4 105 105 31 44 43"4 43% 46 44 H 4314 43H R 43 43 43 15 80 79 79 South Ry gen 6s 56 4 7514 7514 7514 Studebakercv 6s.45 10102 1031410114 Unit Drug 5s 53 10 S314 83 83 ...._-•>-_ .. ls lre% 103Vi 10 3V1 2 94 93 93 I'tah P & L 5s 44 48 .Varner Bros 6s „ Western Un 5s 51 Wheel Stl 414s 66A Wilson A Co 4s 55 7474 74H 7474 S 105 105 105 7 10714 107V4 107H Young S&T cv 4s 48 43 10254 102H 102H FOREIGN BONDS Argentine 4Hs 71 20 6S - - - " 44 19 Brazil Ss 41 Canada 5s 52 Ger Gov 514s 6S :taly 7s 1951 Serbs Cts SI SB 63 Tokyo El Lt 6s 53 4714 67% 1874 97% 8% 43% 714 4614 68 19 97% S% 43H 714 4614 Sugar Quotations NEW YORK. Feb. 19—(AP)—Trade orecasts of an early advance in refined sugar gave Impetus to the current thrusl shead in domestic sugar tutures. Distant deliveries reached the season's top marks and the list generally gained 1 to 2 points jn sales of 13.300 tons. World futures ended 14 higher to 1 low.- but sales amounted to only 3,000 tons; March .688. May .728. In the raw market 6.000 bags of Puerto Rlcans clearing February 27 sold at 3 cents a pound. Only one lot was available later at this price, with, other ifferings scaled up to 3.10 cents. Good demand appeared for refined ocally at the unchanged price of 4.4a *Sto. ^ "close:' March 2.08B: May 2.138: 'uly 2.1SB- September 2.22B; November 2.24B: January 2.22B: B-Bld. U S. Bonds 3>4« 4!i-43 !lis 46-44 Hs 52-47 Is 55-51 !lic 56-54 !74s 60-55 -,\t 59-56 "" TREASURY Sales In 11,000 Hlsb Low Close 1 107.3 107.3 107.3 1 108.3 108.3 108.3 2 119.9 119.9 119.9 1 110.9 110.9 110.9 1 103.10 103.30 103.10 1 107.26 107.26 107.26 1 107.1 107.1 107.1 1 107.S 107.8 107.8 2 107 107 107 s'49-44 1 106.29 106.29 106.29 HOME OWNERS W>AN ! 52-44 8 106.25 106.23 106.25 lis 47-45 1 102 102 102 s SO »S 10014 100H 100H O Earnings United Aircraft _ Products Inc. wported 77 «nte each onlSreia .hares "in 3939. Tie 3940 earnings included operating re- Sits a ot the California division, formerly Aircraft Precision Product* Inc. since cauisition Aug. 4, 3940. Main plant Is in }ayton, Ohio. Wool Market BOSTON Feb. 39—(API—The Boston »1 market was fairly active today and m hulk of sales continued to be In the iner grides of foreign wools. A number of wSol dealers, however, were selling contracted domestic wools for forward de- ivery. Quotations on original bag tine c*t U.o woured basis. &I|M of l"-month Texas \vools were reported at SlS-SlOS and eight month wools at »J- 95' scoured basis. NEW accelerated down covering and bu May 122.3B: July 318.0 ire**: the" trade 6 Treasury Receipts WASHINGTON. Feb. 19-(AP)-The C-Q QQO *ici CT$99.892,281.67. eic 5oB-?1R KO- receipts lor Iiscai yedi Mult '» S3'53l"l9.044.S9: expenditures .^947,831.873 5lf' excess of "Knditures S5ilfi.-yi2.S2R.62: gross debt 546.040,16..- S3.436.3S2.S2S.62; gross 402.32: decrease under 649,287.99; gold vseU Wheat Rally Is Extended CHICAGO, Feb. 19—(AP)—The wheat market's recovery, inaugurated yesterday on strength of short covering and scattered mill buying, was extended almost a cent a bushel today despite a sharp mid- session setback. Spreading cold weather over much of the grain belt, small-scale mill purchases and reduced receipts at principal terminals were constructive factors. Prices rose % cent at the start, then fell about a cent, largely reflecting weakness of securities, but rallied again in the final hour to close H-Ts higher than yesterday, May 79?s-%, July 75. Corn finished l?s higher, May 61%, July 60%; oats ?s-% up; rye Ts-l'/s higher and lower; soybeans 1U- lard 8-10 higher. The cold wave, apparently more severe over the soft winter wheat belt than in the southwest, was expected to be prolonged, with tem peratures likely to recede in the latter area. However, some rain or snow was_ reported at several points in the Southwest. Receipts at the 12 principal interior terminals totaled 184,000 bushels compared with 285,000 yesterday and 382,000 a year ago. Kansas City reported cash wheat receipts were the lightest in two weeks. Yesterday Kansas City reports indicated wheat was moving more freely in Kansas and Oklahoma. One sale of 18,000 bushels of free wheat 'in an elevator was reported at around the recent low level of prices. This wheat had been carried for more than a year. Another lot of 12,000 bushels had been carried in storage for two years. Rye prices tumbled as much as 2 '/I cents at one time to the lowest levels of the season following announcement that trading in July and September contracts will cease next Monday except for liquidation of contracts. May contracts will not be affected. Trading in new grades will begin next Tuesday. These changes are subject to approval by membership of the exchange voting Monday. They were made necessary by changes in official grading standards. New oats contracts also will be traded, but the change in oats standards does not alter specifications of existing grades and trading in old style contracts will be continued. Outstanding strength of corn was attributed partly to lifting of tiedges in connection with 127,000 bushels sold to shippers. The country sold 74,000 bushels on a "to-arrive" basis. Cold weather was expected to stimulate farm feeding. Lard borrowed strength from cottonseed oil. Range of prices on grain and provisions exchange follows: WHEAT: lay July Sept. CORN: .lay July Sept. OATS: May July Sept. 30% SOYBEANS: 7914 74H-14 75 6014 60 Vt 59 It 5JJ* May July RYE: .lay [uly EARD: Mar. lay July Sept BELLIES: 90-91H S7Vi 42V4 44«i 44 6.20 6.32 6.47 6.65 79 ?1 75 75 Vi 61*4 60 Ti 60 35 31 Vi 30 Vj 91 "i S7H 42 *i 44% 44 U 6.25 6.40 6.57 6.72 78% 73 T4 74 li 60 7914 58 H 34 «4 31 li 30H 8914 85 & 40% 32* 43% 6.17 6.30 6.45 6.62 61H GOT, 60 33 31Vi 3014 91 ii -li S7Vi 41H 43 V t 44'.i 6.25 6.40 6.57 6.72 May 11.00 CHICAGO CHICAGO. Feb. 19—(AP)—Cash grain: Corn: No. 2 yellow 62?i: No. 3, 61%: No. 4. 58-61: No. 5. 56-58%: No. 5 yellow weevily 6414; sample grade white 55%. Oats: No. 1 red 37. sample grade mixed grain 34li; No. 1 white extra heavy 38; So. 3 white heavy 38; No. 3 white 3614: \o. 3 white heavy 3714; sample grade white 31»4-33Vi. Barley: Malting 51-66 nom: feed 42-51 om: No. 1. 56: No. 3. 62: No. 1 malting 3: No. 1 malting tough 52-66; No. 2 malt- nz 63. Soybeans: No. 2 yellow 92: No. 4. 89. Field seed per hundredweight nominal: Timothy 4.00: alsike 9.50-12.00; fancy red top "7.50-8.00: red sweet clover 3.50-4.00. clover 8.00-10.00; MINNEAPOLIS MINNEAPOLIS. Feb. 19— (AP)— Wheat receipts today 42 cars compared with 90 a year ago. Trading basis unchanged. Metal Market TWEW YORK, Feb. 19— (AP>— 1 ' Copper steady; electrolytic spot Connecticut valley, 12.00; f. a. s. New York 10.37^-12.00. Tin firm; spot and near-by 52.50; forward 52.50. Lead firm; spot New York 5.65-5.70; forward 5.50. Zinc firm; East St. Louis spot and forward 7.25. Pig iron quiet; No. 2 f. o. b. Eastern Pennsylvania, 24.00; Buffalo, 23.00; Alabama, 19.38. Aluminum, virgin 99 per cent 17.00. Antimony, Chinese, spot 16.50. Quicksilver 171.00-173.00. Platinum, pure 36.00. Chinese wolframite, duty paid 25.0026.00. Domestic scheelite, 24.00. New York Curb Stock And Bond Prices XD—Ex-dlvldcnd. EX—First sale since ex-dividend date or dates. XK— Ex-rights, a—Also extra or extras, b—Including extra or extras, c—De- clared or paid so far this year, i— Payable In stock, g—Paid this year; no regular rate, h—Cash or stock, k— Accumulated div. paid this year, ar— Under rules, ww—With warrants. Sale* In lid-. Hkh 2 . 5-H Low 5V4 Clou Carrier Corp Am Chi Flex Shaft Cities Service Cities Service pf Colum G A E pf Cons Stl Corp Cont Koll & Stl Creole Pet Crocker Wh El M Crolt Brewing Crown Drug Eagle Pich Ld El Bond A Sh El Bond A Sh pf El Bo A Sh So pt Equit' ~ Fairci - Ford Motor Ltd Gen Alloys Glen Aid Coal Gt Atl A P nv Gulf Oil Hecia Mln Humble Oil lity Corp rcnild Av Imp Oil Ltd Ind Pipe L Ins Co N Am Int Pap A Pow war Int Petrol Irving Air Ch Jones A Lau Stl Kingston Prod Lehigh CAN Long Is Ltg Louis L & K Mesabi Iron Molybdenum Jlontg Ward A Mt City Cop Mount Prod Nat Bellas HSSJ Nat Rub Men Nat Sug Ret Nat Tun A Mines M J Zinc Nlag Hud Pow Nor Am Lt A Pow Pac G&E 6 pf Pantepec Oil V«l Pennroad Pa Gas A El A Pitts PI Gl Republic Avia St Regis Pap Selected Indus .hat Denn Sherwin Wmi Singer Mfg South! Royal St Oil Ky St Oil Ohio pf Sterling Inc Sunray Oil Todd Shipyard! Tubize Chat Unit Lt A -Pow A U S Foil B U S Radiator Utah PAL pf Vultee Airc West Va C A C Wright Harg 28% IVi 3% 2514 414 194 30 114 771 374 514 1314 4% SH 314 61 5414 8* 114 S?l 99 Vi 31?, 5% 54% 114 Aero Supply B _..._... Alum Co Am 1 1351s 13514 135V. Alum Co Am pf .50 114U 114li 1141» Am Cyan B ' ~~ Am Gas & El Am Light & Tr Am Suberpnw Ark Nat Gas Atlas Corp war Auburb Cen Mfp Aviation & Trap. Babcock & Wil Baldwin Loco war Barium Sta Stl Bell Airc Bellanca Airc Berk & Gay Furn Bliss E W Bridgept Mach Brown F & W Bunk Hill & S Carib Syn 4 10 T 1 32 2 5 9 4 13 JO 6 3 3 2 1 17 5 JO 1 10 29 5 13 5 2 6 4 4 3 3 11 2 1 2.50 25 4H 19 374 114 32 28* 33 T» li lla & 3% 25 414 39 3% 30 11 1V» 314 ^ 5;* 48 4S14 5H 5S 6% 6% 13 13 li 4% 4% 3 61 5414 914 61i 314 64 "4 IVi 9.14 31. 61 5414 8 IVi 8% 99 31 5' 54 61.1 314 6414 214 4$ 514 5V4 IVi 91i llli 27 1 211 314 2 6 ^ 3 4 5 I 1 5 714 7V» 7 .30 16214 156 356 15 STi 2% 2% 2 2 6 3 9 4 2 6 5 2 3 *1 7214 721i 721i .20 120.. 320 , 320 5V> 3S S 2% 6414 2% •A 3 s* g 2V. 6411, "ii 33 2V 21i 7914 314 2% 14 33 2* li 7914 3% 2 5 Sli 6 381i „ .25 308?', 108«4 4 l l i "• " £* 5% 18 274 4!4 1% "§* 4* 114 7S7i 2% 41i 114 S3 614 4t lis 78" 2% 4k CURB DOMESTIC BONDS Sales In n.OOOBlBh Clol Ark P * L 53 56 5 106% 1061i 106% 4 45 As El 41is 53 Saldw L 6s 50 Can Pac 6s 42 Cities Ser 5s 50 Cit S P & L 51is 49 12 Glen Alden Coal 4s 65 5 Inters Pow 6s 52 Inters Pow 5s 57 tevada Cal E 5s 56 33 10 4574 45 45 23 111 11014 noli 1 13 81 li 89% 8114 39 68 92- 71 80% 8814 8114 39 67% 9114 71 81 88% 81 li 39 68 9114 Pen Cen P&L414S 77 5 104% 104H 104JJ Safe Har W 414s 79 5 107% 107% 107% SoCnty G Cal 414s 68 5 102A 102A 102A Stand G & E 6s 51 6 77 77« Tt, Stand P & L 6s 57 Tex El S 5s 60 Tex P & L 59 56 Unit L & P 7s 75 Vest Newsp Un 6s 44 77S. 17 77-% 7614 7614 12 106»i ICBV 106% 3 107V 107V 107V 8554 63 85 621j 85% 621i Quotations . cent higher. Cash: No. 1 heavy northern 82%. Dark northern No. 1. 81%: No. 2. 80%. No. 3. 7S%-79%: fancy No. 1 hard Montana 85% ; Minnesota-South Dakota lo. 3 dark hard winter 7D%-80%. Hard :mber durum: 72%-7794. No. 1 red Corn. No*. 3 yellow 54VJ-56V4. Trading lasts unchanged. Quotations 1% cents Oats'. No. 3 white 32-X-331i. Barley. 40-55. Rye. No. 2. 46Vl-49«i. Flax. No. 1. 1.70&-I.76X. Sweet clover seed, 3.50-75. Range of prices: WHEAT rtay uly September CORN lav old Jay new OATS .ray ulv RYE lay ulv FLAX lav uly September 5614 3111 28% 41H 41% Low 7811 7614 •74% 55 1.61 30H 2814 39 li 40% 1.69 1.6714 1.60 Close 79% 77% 73H 5614 5614 31 "i 2S% 40'4 41% 1.69% 1.6S14 1.6014 WDWIPEG, Feb. 19— (AP)— Wheat: High Low Close lav ' 79H 771i 7714 ulv 79% 7874 7914 Cash wheat, No. 1 hard 75%; No. 1 orthern 75%: No. 2. 73: No. 3, 70; No. white oats 33%: No. 3. 32H. OMAHA OMAHA. Feb. 19— (AP)— Cash wheat: o. 1 dark hard. 7614-77; No. 2 hard. 77; \'o. 2. 75-76; No. 3, 74 li. Corn, No. 3 yellow, 54 'i. Oats. No. 3 white. 32%; No. 4. 32. Rye and barley, none. Foreign Exchange NEW YORK. Feb. 19— (AP)— Shanghai nd Hong Kong dollars declined today in elation to the United States dollar after sustained rise put both currencies at the year's highest prices. The Shanghai unit lost .09 of a cent and the Hong Kong money .01 of a cent. The free Argentine peso rose nearly /10 cent. A trifle lower was the Canadian Closing rates follow (Great Britain In ollare. others In cents): Canada — Official Canadian control board rates for U. S. dollars; buying 10 per ent premium, selling 11 per cent prem- um. equivalent to discounts on Canadian ollars in New York of buying 9.91 per ent. selling 9.09 per cent. Canadian ollar In New York open market 15 f, per ent discount or 84.56'i U. S. cents. Europe — Great Britain, official (bankers oreign exchange committee rates), buying 4.02. selling 54.04; open market, cables 4 03: Germany 40.05N: (benevolent) . 075: Finland 2.05N: Greece .6SN; ary 19.77N: Italy 5.06: Portugal Hun- ary ig.Trrj; iiaiy o.uo; rorcuga: ^.ui; weden 23.8514: Switzerland (XJ 23.24; ueoslavia 2.35N. Latin America—Argentine official 29.77; ree 23.68: Brazil official 6.05N, free DON; Mexico 20.70N. Far East—Japan 23.48; Hong Kong 4.6S: Shanghai 5.SO. (Rates In spot cables unless otherwise idicated. N-Nomlnal. xansactions. X-For commercial Crude Rubber NEW YORK. Feb. 19—(AP)—Crude rub- er futures closed 25-49 higher. Old: Mch. 21.15; May 21.03-04. New: July 20.40. Smoked ribbed spot 21.20N, Loan Interest Cut Is Mapped BERKELEY. Calif. Feb. 19—(AP) E. A. Stokdyk, president of the Berkeley Bank for Co-Operatives, said today Interest on facility loans would be reduced to 3V4 per cent from 4 after March 1. The reduction will apply to loans already on the books as well as new loans, Stokdyk noted. Some of the old loans carried rates as high as 4^2 per cent. Farm co-operative associations in the four Southwest states, California, Arizona, Nevada and Utah, served by the bank will save around $17,500 a year on loans now totaling more than 53,000,000. The reduction will not apply to other classes of loans such as operating capital loans—already at 2& per cent—and commodity loans— carried at 1W per cent. o U. S. Estimates Livestock Value WASHINGTON, Feb. 19—(AP)— The agriculture department reported today the aggregate value of seven species of livestock on farms January 1 was $5,369,074,000 as against $5.198,989,000 a year earlier. Included in this total were horses, mules, cattle, sheep, hogs, chickens and turkeys. The number and value of the various species January 1 this year compared with the totals for January -1 last year were: Horses, 10,364,000, valued at $706,940,000, as against 10,602,000, valued at $820,127,000, a year earli- Mules, 4,238,000, valued at $448,062,000, as against 4,309,000, valued at $493,653,000. ' Cattle, 71,666,000, valued at $3,111,925,000, as against 68.801.0UU, valued at $2,793.466,000. Milk cows, 25,917,000, valued at $1,577,250,000, as against 25,397,000, valued at $1.453,756,000. Sheep, 55,880,000, valued at $375,631,000, as against 54,549,000, valued at $343,825,000. Hogs, 52,983,000, valued at $440,073,000, as against 60,207,000, valued at $470,242,000. Chickens. 413,934,000, valued at 3270,265,000, as against 429,042,000, valued at $258,997,000. Turkeys, 7,030,000, valued at $16,178,000, as against 8,567,000, valued at $18,679,000. o In gold rush days, apple pie sold for one dollar a slice in San Francisco, Hogs, Cattle, Lambs Drop KANSAS CITY. Feb. • 19—(USDA)— Hogs: Salable and total 2.000; slow, mostly 10 lower than Tuesday: top 7.70; good and choice 170-270 Ibs. 7.55-65; a lev 280-350 Ibs. 7.25-55: 140-160 Ibs. 7.10-50; SOW* 6.40-90: stock pigs 7.00 down. Cattle: Salable 3.000. total 3,050: calves Salable and total 250: going very slow on fed steers, a few medium ehortfeds about steady; most bids around 25 lower; fed heifers fairly active, fully steady: cows rather slow, steady: bulls, vealers and calves unchanged: stocker and feeders steady; bulk fed steers medium and good eradea eligible to sell 9.25-11.25: a few loads held upward to 12.00 and above; choice Colorado heifers 12.15: several loads good grade heifers 10.00-11.00; butcher cows 6.00-7.50; good and choice vealers 10.00-12.00. top 12.50: few loads good and choice feeders 10.00-60; good 815 Ib. stock cows 7.00. Sheep: Salable 4.000. lota! 4,600: no early sales, opening bids around 25 lower on slaughter iambs: asking fully steady; beat fed lambs held above 10.75. MS ANGEUS LOS ANGELES. Feb. 19— (Federal-Stata Market News Service)— Hoes salable supply 200: steady to 10 lower: bulk medium to choice 170-240 !i>. S.35-90: top 9.00 on few head 211 Ib.: oft weights 7.00-8.35: pack- inz sows 6..'i5-75 ; odd butcher sows to 7.35. Cattle salable 750; slow on steers and heifers: generally steady; few common to ady; .00: medium steers 8.00-10.00: best held around 11.00; fleshy feeders 10.25; few common to medium heiters 8.00-9.00; best held above 9.50; cows 7.00-S.1S: some held S.25: canners and cutters 5.03-6.75; bulls 7.50-S.25J some held higher. Calves salanle lio: steady: few vealers to 13.50: choice quoted 14.00; few stoctc calves 11.50-12.00. Sheep salable none; good to choice wooled Iambs quoted around 10.75; good ewes 6.75. CHICAGO CHICAGO. Feb. 19—(USDA)—Salable Nogs 35.000: total 1S.500; generally 10-20 lower than Tuesday's average, fairly active at decline: top 8.10: bulk 180-240 Ibs. '.80-8.05: most 240-270 Ib. butchers 7.7090: 270-330 Ib. 7.50-SO: good and choice 160-1SO Ib. lights 7.50-S.OO; most good 400-500 Ib. packing sows 6.90-7.15; lighter weights to 7.25. Salable sheep 5.000: total 6.000: lata Tuesday, fat lambs mostly 10 higher, extreme ton 25 up at 11.10 on load good to choice 89 In. fed lambs to city butchersj practical shipper top 10.85; bulk good to choice fed wetsems up to 103 Ib. 10.85; medium to good handy weights 10.50-753 today's trade, fat lambs opened strong to 15 higher but all interests not yet following and some bids only steady; several loads sood to choice handy weight fed wooled lambs 11.00 to packers, some held higher, few sales medium to good handy weight fed Iambs 10.75: no early action on limited, supply sheep. Salable cattle 30.000: calve* 700; tut steer trade slow, weak to 25 lower; soma bidding fully 25 or more lower: mostly steer run with killing quality Improved^ steer grading good and choice in JJberal supply, mostly 9.75-13.25 market, with 15.00 bid on prime steers; medium short feds 9.00-10.00: all other classes cattla fairly active and strong: choice to prime Nebraska heifers held above 12.50: bulk: heifers 9.00-11.00; cows relatively scarce, strong weight cutters on common beet cows tvpe to 6.25: few canners under 4.5U< most desirable weighty bulls S.00-15 with S.2o paid: choice weighty shipping vealers to 14.00, the price paid more freely. DENVER DENVER. Feb. 19—(USDA)—Cattlei liable and total 3.300: calves: salable and total 200; bulls and vealers fully' steady; common to medium bulls 6.407.00: practical top vealers 13.00; little done on other killing classes: talking weaker: few beef cows 7.00 down: stockers and feeders steady: steers 11.00 down; few light stock calves up to 13.00. Hogs: salable SOO; total 1.800: unevenly steady to 10 lower, all buying; good and choice 180-270 Ib.. 7.40-7.75: earlv top 7.75 to most Interests: few 270-300 Ib.. 7.15-7.50: well finished 160-180 Ib.. 7.357.75: most sows 6.25-6.50; few choice lishtweights 6.65. Sheep: Salable 4,500: total 4.900: open- ng sales trucked-in Iambs- steady to strong at 9.90-10.25: no carlots sold, ask- ng strong to shade higher or above 10.65 freight paid: most Interests talking weak: few medium native ewes 4.00. Firms Report Bond Offering NEW YORK, Feb. 3,9— CAP)— The Republic Steel Corporation announced today it had filed with; the Cleveland office of the Securities and Exchange Commission a .registration statement covering 590,000,000 of new securities 'or a "broad refinancing pro- They consist of $65,000,000 of 20-year first mortgage sinking fund bonds and 325,000,000 of 15- year convertible sinking fund de- jentures. Interest rates, redemp- :ion prices and offering terms will be announced later. Public offering of the securities s to be made by an underwriting group of 139 members, the largest syndicate in recent years for an, industrial security offering. It trill be headed by Dillon, Read md Company, Glore, Forgan and Company and Lehman Brothers. Proceeds of the new issues will )e used, with 516,500,000 of bank oans, to retire all the funded debt of the corporation. SUBSIDIARY FLAX XOLD ^ ATLANTA, Feb. 19 — (AP) — Georgia Power Company, a sub- idiary of Commonwealth and "outhern Corporation, today announced a hundred-million dollar refinancing program to reduce ionded debt and lower Its Inter- st charges. The Georgia Public Service Commission and the Securities and Exchange Commission have been asked to approve the plan. P. S. Arkwright, president, said he company planned to call In 80,935,000 of first and refunding mortgage bonds now publicly held at the call price of 104 1/6, ac- uire $34,231,000 worth of bonds eld by Commonwealth and South- rn and call for redemption of all ther bond9 of other issues. The company proposes to re- • lace these bonds with an Issue ' f $101,271,000 of 3 1 * per cent onds maturing in 30 years. It Iso plans to borrow 513,500,000 t 2H per cent interest from a group of New Y9rk banks, the rincipal to be repaid in semiannual nstallments over eight years. In addition, the company Is to eceive 514,337,319 cash from Commonwealth and Southern. Telephone Firm Income Drops SAN FRANCISCO, Feb. 19— AP)—Pacific Telephone and Telegraph Company's annual pamphlet eport issued today showed 1940 let income of $18,276,980, a de- rease of 3854,630 from the $19,131,10 of 1939. After preferred dividends, earn- ngs on common stock amounted to 7.40 a share compared with $7.87 n the preceding year. N. R. Powley, president, reported operating taxes reached a record high at $20,055,235. up nearly $2,500,000 over 1939. The taxes which Powley forecast would go higher, amounted to $10.04 per telephone. $11.11 per share of common stock and $649 per employee. A decade ago. taxes were $6.02 per telephone, $6.15 per share and $310 per employee. The United States Naval Academy originally was located In Newport, R. I. o- Trolley busses are supplanting streetcars in Spain,

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