Arizona Republic from Phoenix, Arizona on February 21, 1941 · Page 20
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Arizona Republic from Phoenix, Arizona · Page 20

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Friday, February 21, 1941
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Page Ten (Section Two) 1 Arizona Republic, Phoenix, Friday Morning, February 21,1941 Telephone 3.111 STOCK MARKET SHIFTS FROM REVERSE TO FIRST SPEED FORW, Average Gain Is Best Since November 7 NEW YORK, Feb. 20— (AP)— The stock market shifted from reverse to first speed forward today and retrieved 1 to around 3 points 'of recent losses for leading indus trials and rails in the best gen «ral upswing in nearly four months The list acted better at th start and, while there was no buy Ing rush at any time, the steadj rallying trend was maintaine throughout the session. Although scattered issues finished under their tops, many favorites closed at o near best levels. 1 The principal fly in the recovery ointment was the continued slug gishness of dealings. Transfers fo •the five hours totaled 451,630 share compared with 465,430 yesterda; when the direction was downward The Associated Press average o -60 stocks, however, held a net gair <jf .8 of a point at 40.7. It was the largest climb in this composite for any day since November 7. Helping the right-about, brokers said, were reports from Washington congress was considering some alterations of the tax laws as a means of easing the burden of excess .profits levies for corporations. In addition, little more notice was taken of the optimistic fcusiness picture and the opinions of defense authorities that the labor situation was well in hand. At the same time, restraining factors persisted in the lears of a war outbreak in the Far East and apprehension over the United States actually getting into the •conflict either in the Atlantic or Pacific. Constructive items included more than seasonal jump in freight loadings for the week ended February 15 to the highest mark for any like period since 1930, mount- .ing activities in the building construction field and another increase in bank clearings. Stock Prices On New York Exchange Following an doling quotations mt.3 p. m. Eastern Standard HUM received over Associated Fress-Arliona Republic leased wires Rates of dividends shown after the stocks In the following table are annual disbursements based on the last quarterly or semi annual declaration. Unless otherwise noted special or extra dividends are not Included. Symbols- XD-SS-dlvldend. XK—Ex-rights, a—Also extra or extras, d—Cash or slock, e—Paid last year, f—Payable la stock. ^Declared or paid so far this jear. b—Payable In Canadian funds, k—Accumulated dividend paid or declared this Prominent share gainers were TJ. S. Steel, Bethlehem, Crucible .Steel, Youngstown Sheet, Chrysler, 'General Motors, Santa Fe, Great Northern, Chesapeake and Ohio, Anaconda, Western Union, Coca- Cola, Westinghouse, Du Pont, American Can, U. S. Rubber, Sears Roebuck, J. I. Case,, International Harvester, United Aircraft, Eastman Kodak, Fajardo Sugar, Loft, American Sugar and South Porto Rico Sugar. Several industrial staples pushed tip sharply in commodity markets. Tin was especially strong in London and New York in reflection of threatened disturbances in the Orient and silk futures established sharp advances. At Chicago wheat was up % to 1% cents a bushel i —Unit of trading 10 share*. A Sales lo Hds. Hlch Low Close Adams Exp -40e 2 5"i 5% Air Reduction la 5 38% 37% Air-Way El Appl 1 % Vi Alaska Juneau Vj 1 4% 4% Allcghany Corp 1 jV i* Allegheny pt xw 5 6% 6 Alleghany pf S30 ww 68 7% •" ' iy Lur - -•' - — •' " Allegheny Lud St IVie 6 20ti 20 20% Al ..Chem & Dye 6a 3 145... 145 Allied Sirs AUis-Ch MfB l% Amerada Corp 2 Am Ag Ch Del 1.20 2 15% 6 5% 13 29% 3 45 Am Airlines le 9 42Vi Am Bank Note 2 6% Am Can 4 6 85 Am Car & Fdy 4 25% Am Car i F pf 1 573i Am Ch & Cable .40g 3 19% ---Am Chicle 4a Am Colortype .30g Am Com! Alco Am Crystal Sue %g Am Encaus Tiline 5% 29 44 Vi 14% 41 Vi 6H 84 24% 57% 19% 44 V. 57% 19% 2 110 110 110 1 8% 3 4% 17 10V4 Am i- F P S6 pf .30k xdl 13% Am & F P 57 of .35k xdl Am & F P 2 pt Am Hide & Leather Am Home Pr 2.40 Am Ice Am International Am Locomotive Am M & Met Am Metal %g Am Pow & Lt Am P & L S6 pf 1 >ik 11 Am P & L S5 pf 1.56k 3 Am Rad £ St S .40e 7 Am Roll Mill %e Am Safety Razor .80 Am Smelt & R Am Smelt i- R Am Snuff Co 3a Am SU Fdrs %g Am Sugar Ref Vjg 15% 2% 3V4 46% 1V4 3% 13 2Vi 16a 2% 40 33% 6% SVi 4% 9% 15Vi 2Vi 3% 46% 3% 13 2% 16% 2% 39% 32% SVi 4% 13V, 15% 46% 2Vi 16% 2% 17 12% $31 1 5T» 5% 13 40 36% 1 143 143 2 50V4 30 5 22% 22% 3 14% 13% 33% S'.i 12% 143 50V_ 22% Xm TeT i Tel 9 " 14 157% 156% 157% Am Tobacco 5 2 Am Tob B 5 4 Am Tvpe Fdrs 7 Am Wat Wks 4 Am Woolen 1 Am Zinc LiS 12 Anaconda 2e 58 'Anacon WtC IVie .80 An^es Copper le 1 A P W Paper 1 Arch-Dan-M .35g 2 Arm 111 Arm II pr Cork *'! Atch.fi s"F"le _ 93 Armstrong Artloom Corp Vig Assd Dry Goods Atch T & S F pf 5 4 Atl Coast Line At! Refining 1 Atlas Corp Vie Jckl Aviation Corp Atlas Tai 15g Bald Loco ct 19 14% Salt & Ohio 12 3% - - - - - 34% 1 S 35 22Vt 4 29 . 20 34% Benef Ind Ln l.SSe 1 J9% Best & Co 1.60a 4 27% *th Steel 14, Teth Steel ' Bait & Ohio pi larnsdall Oil .15g lath Ir Wks %e iayuk Cigar 1% tendix Aviat Ig Lee Rub * Tire \£ •hiEh Port C l}j thman Corp 1 Lib-O-F Glass lie Jbby. McN i L %e Jssett i My B 4a Lima Locomotive Liquid Carbonic la 27 Vi l«g 48 77 75Vi 77 pf 7 3 122Vi 121% 122Vi Vie 2 7% 7% 7% 27 14% 13% 14% law-Knox Vie 3oelng Airplane _. __ 3ohn Al i Brass Vis 3 27% 27 ;orden Co .30g " " ore-Warner .40g _ _ Sridgeport Brass %e 7 10 6 19 14 18% 18% Inc 2a Inc ije Lone Star Cem Ta /jrillard (P) 1.L3 Louisv & Nash 2- Louisv GiE A iriggs Mfg 2Vie iklyn Un Gas and corn off to Cotton turned up 2 to 40 cents a bale. Railway bonds displayed fresh vigor In the loans department Montgomery Ward "A" came tack 4 points in the curb. Lesser Improvement was shown for Jones and Laughlin, Bell Aircraft, Brewster Aero, American Cyanamid •"B", Todd Shipyards and Phoenix Securities. The turnover here approximated 75,000 shares versus 105,000 yesterday. What Stocks Did Thursday Wednesday 455 E6 Advances Declines ."Unchanged Total issuea New 1941 highs New 1941 lowi 101 141 697 59 Budd Mfg tBudd Mfg pf Budd Wheel .20g Bullard Co Vig 4 Burling Mills 1 1 Burr Add Mach .15£ 10 Butte Cop & Zinc 1 C Calif Packing 1 5 Callahan Z-Lead 21 Calumet & Hec Vic 6 Campbell Wyant .35g 4 Can Dry G Ale .60 4 Canad Pacific 4 Cannon Mills 2 1 Case (J II Co 3e 3 Cateroil Tractor 2 4 Celanese Corp IVie 14 Cerro de Pas Ig 6 Certain-teed Prod 1 Checker Cab 2 Ches & Ohio 22 Chi Grt W rf 1 !3ii Pneu Tool 3 3ii Rk Is & Pac 3 rhilds Co 2 Chrysler Corp IVig 54 Sty Ice & Fuel 1.20 4 Climax Molb 1.20a 2 3uett Peabody SKa-Cola St. Colgatc-Palm-P 13 21% 1 5% 2 11V4 4 9% 3 3% .20 53% 10 6% 740 228 Net change Thursday Associated Press Averaces 30 IS IS CO Indust Rails tltll Stocks Al.l A .6 A .4 A .8 57.2 16.1 33.0 40.7 56.1 15.5 32.6 39.9 61.2 17.5 35.2 43.7 71.8 18.9 39.4 50.3 63.9 17.7 35.5 45.0 55.8 15.4 32.6 39.8 74.2 20.5 40.6 52.2 52.3 13.0 30.9 37.0 60—Stock linnet Since 1927 Collins & Aik 2Vig ^olo Fuel & Iron % Colum G & El .10] Colum Carbon IE Coml Credit 3 'oml Inx-est Tr 4 Coml Solvents Vie Comwlth & South -om & South pf 3 :omwlth Edis 1.80 Congoleum-Nairn 1 Consol Aircr 2e lonsol Cigar Tons Coppermin We 8 Sigh 1938-39 1932-37 1927-2H 54.7 33.7 75.3 16.9 Dow-3oneft Averages 157.7 61.8 Net • O»en High Low Close ChRS. '!30 Inds 119.00 120.52 118.84 119.99 t2.05 20 Rails 26.81 27.14 26.79 27.09 10.53 15 UUls 18.84 18.95 18.76 18.86 tO.05 65 Stocks 40.24 40.72 40.18 40.56 tO.65 40 Bonds 89.82 tO.26 ,SO Higher-grade railroads 94.38 tO.24 30 Second-grade railroads 49.46 10.93 10 Public utilities 108.69 -0.05 30 Industrials 106.75 '0.06 •tUp; 'Off. Transactions In stocks used In averages: Cons Edison 2 .ons Edison pf 5 lonsol Oil Vig ?onsul'n Coal Container Corp Vig Cont Bak A ;ont Bak B Cont Can 2e lont Diam Fib 1 Cont Ins 1.60a Industrial! .Railroads Utilities SS Stocks Today Wednesday Tuesday 69,400 58,500 39,500 30,600 16.800 21,900 125.700 111.000 43,900 21.400 14.800 80,100 Standard Statistics (1926 Average Equate 100) _ Stocks Today •Yesterday Week ago "i ago SO Inds. 94.5 92.7 95.5 101.7 -'Year ago Holiday 1941 Hich 105.8 1941 Low 92.4 20 Inds. 89.7 89.7 90.2 _._ 90.5 Year aco Holiday 3941 High 90.7 1941 Low 89.7 Yesterday "Week ago 21onth ago 20 Ralli 28.6 27.4 28.3 29.7 30.6 27.3 20 Rails 62.0 61.3 62.6 64.4 65.4 61.3 20 Hills 50.0 49.8 51.5 54.9 55.9 49.5 20 Utlls 100.8 100.7 100.8 101.3 101.5 100.6 83.1 86.2 75.' 60 85. Dividends NEW YORK. Feb. 20—(AP)—Union Pa •cific Railroad cjmpany directors toda\ ^voted the usual ouarterly dividend of S1.5C si share on common stock, payable Apr. • to holders of record Mar. 3. Cuban-American Sugar company an tiounccd dividends of S3.50 r-n the 7 pe cent preferred and S2.75 on the 5Vi per cen preferred stock, covering the period from July 1 to Dec. 31. 1940. Both dividends ar jayable aMr. 8 to holders of record Mar. 3 The payments are initial dividends since recapitalization last Dec. 27. BOSTON. Feb. 20—(AP)—The Nashu Manufacturing company declared dividend today of 51.25 per share on arrearage o First Preferred and C Preferred stock, pay *ble Air. 1 to stock of record Mar. 22. Th dividends are the first on these stocks since December. 1939. CHICAGO. Feb. 20—(AP)—Abbol Laboratories today declared an extr dividend of 10 cents a share on commo stock in addition lo the regular quarter] dividend o! 40 cents a share, both payab War. 31 to stock of record Mar. 12 « similar extra dividend was paid a "yea Regular Wool Market Graded ~ial wools brougt f~t ——i". ,*" vj.ui. Bcuurea basis A f». Srt wootev^l'J'^^co^W fercjgn wools continued good ft stead a SS'SlS«r:.' ~ ~ , •! i a_««tt ! 6«d Jpcal support. Dffset by" 1; OcL*~iM.lB. _ 3 29% 20 90 Vi 13 12 2 25 ! 4 15V4 ; 10 4 Xd2 76 Vi 2 29% SSVi 8% 49%= 9 12 15 S 18 2SVi 5 18Vi 4 24 12 Vi 6% 21% 34 2 106 78 SVi 2 3 4 13% 1 7% 10 37% 105% 105% 2 36 26 3% 30 18 Copperweld Stl .20g 4 IS ~ ' ' - 3 45 1 4 -- 4 16 Crown Cork & S lie 1 23Vi Crown Zellerbach %g 6 13% tCrown Zeller pi 5 .50 87% :ruclble Steel 17 39 Cuban Am Sugar 41 4 VI . Cont Motors Cont OH Del 1 Corn Products 3 Coty Inc Vie Crane Co .80e Cudahy Pack Curtis Publishing Curtiss Wright Vit :urtiss Wr A 2 CuUer Hammer .35g 2 D 14 IVi 21* IS 3 13% 7% 3fi% 7Vi 36 2% 17% 14% 44% ISVi IVi 7% 24% 18 Deere t Co IVit 3el & Hudson Del Lack & West 7 19 1S% 14 .9% 9% 4 2% 2% i* 13 >i 7% 7Vi 36 3 17% 14% 44% 16 1* ll* IVi 18 19 9% 2% Dist Corn-Seag_h2.22' 2 16V4 16% 3 15^4 15 9 65 Vi 64 'i 65Vi Detroit Edison 2g 2 111' 108% 111 Jlcvoe&Rav A Vig .90 14% 14% 14% 31st Corn-Seag W"" " •"• "" ~Dome Mines h2 3ouglas Aircr 5e Dmv Chem 3 ' Pont de N 1%; Eastern Air I. Eastman Kodak 6 El Auto-Lit* 3 Elec Boat .80e 3 El Power & Lt 23 I^r'l-serf.soei ' Pa " Eng Pub Service Erie RR Erie 1 pf Evans Products Ex-Cell-O 2.30e pai 2 1 4 26 2S 26 4 129 127% 127% 5 28% 27% 28% 9 13% 13% - "• 3 13 31% 24 Vi 27* 4% .8 13% 3% 5% 6% 3 26% 26V4 26% 2 3 8 16V Fairbanks Morse Vig 1 37 Fed Lt & Traction la 3 12 Fed Mng t- Smelt 2e 2 23 Fed Mot Truck ~ Firestone T&R Us Firest T * R pf 6 Flintkote le Foster Wheeler Gabriel Co A 12 Gen Am Invest !5e 2 Sen Am Trans 3e 4 Gen Baking .60 2 Gen Bronze •> 37 12 22% ; - :1 SN* . S 14Vi 14 14Vi 37 12 23 3 IVi 4\i 50% 6% 4% IVi 4Vi 49% 6% 4Vi 50% 6% 4% G Sale. In lids. Blcn Low Clou Gen Cable 2 4% 4Vi - - - - .60 125Vi 125% 125% 45 32% 31Vi 31% 2 35% 35% 35" TGen Cigar pf 7 Gen Elec 1.85e Gen Foods 2 Gen G & El A tGen Mills 5% of 5 Gen Motors % ft Gen Ry Signal >e 2 Gen Refract IVie Gen Thea Eq .85e Gen T & Rub Vi Gillette Sat R Gimbel Bros Glidden Co le Goodrich <BF) 1 A 10 131 97 42 13 24 2 _. 1 12 & ° 11 ) 1 3 2 13% 13 13 Goodvear T&R 1A xdS 17Vi Goth" Silk Hosiery - 1% Graham-Paige Mot 24 % Grant (W T) 1.40 1 31% Gt Nor Ir Ore ct l%e 1 13Vi Gt Northn Ry pf Vie 20 24 Vi Gt West Sug 2 Greyhound Corp la 13 Guantan Sugar 5 Gulf Mob & Oh pf 2 H Hack Water IVi 1 Harb-Walker %g 1 Hayes Mfg 5 Hecker Prod .60 3 Hercules Motor le 2 Hercules Powder 2.S5e 2 1 5 1 21% 11% 1% 9Vi 30 Vi 21% 131 131 41V4 41' 12 Vi 13 24 24 12 12 11 11 SVi 5% 13 12% 16% 1% 31% 13 Vi 23% 21 Vi 11 IVi 9% 13V 13 17% Holland Furn 2a Homestake Mln 4Vi Houd-Hershey A 2% _ — Houd-Hershey B %g 2 11% Houston Oil 1 3% " II s 26% 47 35 30 Vi 21 Vi 2% 6% 12V1 67% 26% 46 35 13V 24 V- 21% 11 V 1% 9Vi 21% 12% 68 26% 47 35 11% Hudson B MSS h2e 3 16V5 3% 3% 3% 6% 13% 23% Hudson Motor 3 Supp Motor 14 I 'llinois Central 3 111 Central pf 3 Indust Rayon 2 S Inger-Rand IVie 1 101 Inland Steel 4 nspirat Copper Vie IS 'nterlake Iron :nt BUG Mach 6a nt Han-ester 1.60 nt Hydro-Elec A nt Mer Marine nt Nick Can 2 :nt Paper & Pow nt P & P p' 5 nt Salt IVia _ _ nt Tel & Tel f - nterst Dept Sirs .15g 1 5% 16% 3% 6% 13 Vi 23% 101 16% 3% 6% 13V4 23 Vi 101 1 76Vi 76>.i 76Vi " lOVi 9% 10 16 8% 7Ti SVi 6 148 147 148 2 47% 47 47 is 7!i 24% 11% 58 39 2 1% 7 7% 26 24% 26 12% 6 59% 1 39 1% 7Vi » s s Johns-Manville %g 1 57% Johns-Manville pf 7 .10 127 Cennecott Con 17 33* Cresgc (S S.i 1.20a 5 23% Kress-(S Hi 1.60 n 22% Croger Grocery Vig 5 25% 5% 5% 32 23% 22% 25 Vi 2 24 1 **l^i 5 21 12 35% 92 5'i 1 90U 2 15% Lockheed Airc IVie 17 22% 32% S3 16Vi M lack Trucks IVie 5 26Vi lacy (RH) Co 2 3 23% Marine Midland .10g 12 4% .farchall Field .40 30 tartin G L Co 2e Martin 1 Parry .lathieson Alk IVi lay Dept Stores 3 IcKess & Rob -- 14% 35 24 6 S% 3 25% 1 4S% , 2 3% ' 1 24% 4% IcKess & Rob pt lengel Co - Jl Mesta Machine 1C 1 29 liaml Copper .45e 12 7% ,Iid-Cont Pet .SOe 9 13% Minn-Honey Reg 2a 3 42% Minn-Moline 1 3 lirsion Corp Vie 19% Mo-Kan-Texas pf 11% lo Pacific 1 A lo Pacific of 1 A tonsanto Chem 3e 1 78% lontgom Ward Vig 16 35% lotor Products le 3 8~* lotor WTieel 1.60 xdl 15V, lurray Corp %e ^6 6Vi T ash-Kelvinator 7 4Vi "at Acme le 8 18% at Aviation %e 3 S% at Biscuit 1.60 9 17% :at Cash Reg 1 2 12V» >5at Dairy Pr .80 7 13% ^"at Dept Stores 1 5 'Jat Distillers 2 4 21% '.'at Gj-psum .40e 3 6% vat Lead Via K in«4 Cat Pow St Lt .60 v'aU Steel 3 Jat Supply \at Tea l 3% 4°i Corp Via 1 8% 8% >Jewmont Min %g 2 26% 25 r i '.'ewport Indust JOe 3 6% K'. •ewpt News Sh .40g 6 21% 21 T Y Central RR 77 12Vi 12'' Y Chl&StL pf 11 27V1 25«- YNH4H 1 V4 V. '• Y Shipbuilding le 26 26% 26 •v'o Am Aviation l%e 16 13% 13 forth Amer Co 1.20 15 15% 15 •Jorthern Pacific 18 6% 5Vt O 55% 5% 8% 17% 12% 13* *& 16 6VI 55% 10 1 4 4 3 8 )hio Oil .45e JUver Farm Efl Hs, mnibus Corp 1.20 Jtis Elevator .20g )tis Steel )wens 111 Glass Vig P Gas i Elec 2 7 'ar Lighting 3 2 'ackard Motor IS 'an Am Airways 6 'aram Pictures .20g 45 I .10e 2 6% 14% 9% 6% 21% 12% 27 26% 13% 15% 6% 6% 14 Vi 9 15% 7% 7% 40% 40V4 6% 14% 36% 36% 2% 12% 10% 27* •ark Utah Con M .lOe 2 1% Parke Davis .40g 5 27 •athe Film .30e 2 8% 'atino Mines .60£ 6 8% •enney (J C) 3a B 75V4 •enn-Dix Cement 1 2>Z enn-Dix Cem pf A le 2 36% 26% 36% 2% 12% lOVi 1% 26 Vi 26% 36% 2% 12% 10% 1% 26% 8% enn RR IVie 40 23% 36 22% 2% 36% 22% 'copies Gas LiC 3Ue 1 38% 38% 3SH Phelps Dodge %g xdlO 29 28% 29 hillD Morris 3 hillips Pet 2 lit Scr & Bolt .45* 'oor & Co B 'ressed Steel Car 'roctcr & Gam 2a *ub Svc N J 2.40 Hillman 1 ->ure Oil %e 'urlty Bak %g 73% 6 36% 6 5% 6% 9% 52% 27% 23% 7% 10% *adio C of Am .20g 27 ladio c\- pf SVi 7 tadio-Keith-Orph TI aybest-Man %g fading Co 1 leming Rand .20g leo Motors ct lepub Steel %g Hex ere Copper & Br 2 *ynolds Metals .30e 1 eynolds Tob B %E ichfield Oil He *oan Ant Cop .63e 2 S feway Stores 3a 1 t Joseph Lead Vig 4% 57% 11 3% 2 19% 3 12.% S 8% 28 1 59 18% ~ 8% _ 10% 8 32% 2 7% . Schenley DisUIl Seaboard Air Line eaboard Oil 1 Sears Roebuck 3a Servel Inc 1 haron SU Corp Vie hattuck (F G) .40 hell Union Oil %e immons Co 2e mith (AO) Corp Vie 2 14% socony-Vac %g xd27 8% o P Rico Sug 1 10 17% ou Cal Edison IVia 1 25% ~ •" 56 8% 16 12% 11 21% 38 35 9% 12« 71 10 11 4% 11V4 17H outhern Pacific outhern Ry Southern Ry pf parks Withlngton 28% 73% 35% SVi 6% 9% 52 26% 23% 7% 10% 4 56H 3% 19 12% 8% 17% SVi lOVi 32 7% •4% 38 35 9% 12$ 69% 9% 10% 4% 10% 17% 14Vi 8Vi 16% 25% 8% 12 20 Vi 73% 36% 5% 6% 9% 52 Vi 26"k 23 Vi 7% 10% 19 Vi 12% 8% 7% 4% 17V4 14% SVi 17% 25% 8% 12% 21% 1H Cotton Market a. which cotter, ""th the Exclusive Republic Dispatch of Agricultural EcO- the premiums offered on PREMIUM-STAPLE i-f/ emiun w were compiled from prices at and lengths are described to conform the United States. New Orleans mid- Cotton Futures <^mat*A By E. F. Button ft Co.) uiuica (Slember of New York Cotton Exchange) January March May July October December New York Open High Low Close 9^63 ! " 10.32 10.39 10.32 lo'34 10.29 10.36 10^8 10.34 10.15 10.23 10.15 10^1 9.68 &9.7S 9.68 9.72 _1?.65 9.72 ^8.65 9.70 New Orleans Open Close 9-67 9.70 10.38 10.42 | 10.32 10.37 10.18 10.25 9.72 9.76 9.69/9.73 Liverpool In Pence Open Close 8.20 8.25 8.28 8^9 8^6 8.30 8.21 8.24 S Sales In Hds. Hlih low 31% 32tt SVi 18% 25% 33% 58H 6% 6% 6Vi 54% Sperry Corp 2e 18 33Vi Spicer Mfg %g 2 32% Spiegel Inc .15g 6 5% Square D Co 2.80e 4 33Vi Stand Brands .40e 17 6% Std G & E S4 pf 4 2% Stand Oil Cal 1 24 18% Stand Oil Ind 12 25% Stand Oil N J la 78 33% Sterling Prod 3.80 1 58? Stewart-Warn Vie 4 6% Stone & Webster Vie 4 6% Studebaker Corp 19 6% Sun Oil la 2 55 Sunshine Mng 1.60 12 8% Superior Oil .10e 2 1% Swift & Co 1.20a 3 22% 22% T Tenn Corp Vig 38% 7% Texas & Pacific Ry 2 9 s% Texas Corp 2 16 35% 34% Texas Gulf Prod .20e 4 3 2% Texas Gulf Sulph 2 5 35Vi 35% Tex Pac C & O .40 1 5% 5% Te\ Pac L Trust .10e 3 3% 3% Thermuid Co 3 4Vi 4% Thompson Prod %g 1 29 29' Thompson-Starrett 11 l Timkcn-Det Axli 3%e 10 29 27% Timken Roll B Vig Transamerica Vi Tri-Cont Corp 42 *« Twent C-Fox F Underwood-Ell 2%e U 5H Clns 33 32 5% 33 Vi 6 2', IS 1 25 33', 58 67 6 6 55 S% §" 35 >S 35'! 5} 3? 4V 29 1 28 '/ 41 4V a 1 , Union Bag P le _ Union Carbide %g 15 tUnion El Mo p'. S 33 10 V4 64% Union Oil Cal 1 Union Pacific 6 Jnion Pacific pf 4 Union Tank Car 2 United Air Lines Jnited Aircraft 3%e Jnited Corp United Drug Jnit Fruit 4 Jnited Gas Imp .80 J S Gypsum 2a J S Indus Alco J S Pipe & Fdrv 2 J S Plywood 1.20 U S Real & Imp U S Rubber ' J S Rubber 1 pf 8 U S Smelt R & M Ig } S Smelt RiM pf 3Vi 31ft 31>> 10 10? .. 63Vi 631. .10 113 113 113 13% 13% 13 77% — 82% 26 13Vi 1 1 3 12 19 37 64% 8% 61% 21% 30 21 1% 19% S3 59 73 125 57% 22 3 3 3 3 29 77% 82% 26 12% 35 1% 3% 63'i 1* 13 37 20 Vi 1% S3"* 59 73 56 63 T. 8V! 21V 30 21 1% 19 Vi S3 59 73 57% J S Steel Ig J S Steel pf 7 4 119 " liSVi 119 J S Tobacco 1.2b 9 28% 28 2SV4 Jnited tSores A 2111 tUnlv Pictures 1 pf .30 ISSVi 138 ISSVi Vanadium Corp IVie 4 27% 26 27Vi Vick Chem 2a 2 42 Vi 42 Vi 42V; Va-Caro Chem 2 2% 2 2' Va-C Chem Vi5i pf 1 20Vi 20',i 20Va Wabash Ry 4 VJ Vi Walker (Hi G&W h4 1 26« 26% 26V Walworth Co 17 5% 4% SVi .Vard Baking B 1 % % ^ Warner Bros Pict 5 2% 2% 21 tWairen Bros cv pf .20 7% Wesson O & S V?e 2 17% West Auto Sup 2 2 24% Vest Union Tel le 9 20 Vesting Air Br Vig 3 .esting .'est El _. & Mfg Ig 12 Vestvaco Chlor 1.40 2 Vheeling Steel 7 Vhite Motor 12 Vhite Rk M Sp 3 Vilson & Co 7 5% 4% Voolwrth (FW) 2.40 29 30% Vorthington P&M 5 17% Yellow Tr i C l%e 16 13% roungst Sh T Vig 24 34% Z Zenith Radio le 3 13Vi 17Vi 24% 19Vi 19% 92H 29 25',4 13Vfc 5Vi 4% 30% 17 13V4 32% 17% 24% 20 19% 93% 29 26 13 V4 5% 4H 30% 17% 13% 33% 13 13% SALES STATISTICS 4crive. stocks 444,000 nactlves 5,«30 Total today 451,630 "Tei-lons day 465,430 Week axo 642,940 lear axo Closed Two years axo 4S5.320 Jan. 1 to date 20.1(1,4(5 Year aio 2(,2H,850 Two j-ears axo 35,505,408 Fee- Splitting Hearing Ends WASHINGTON, Feb. 20—(AP) 7he Securities and Exchange Commission adjourned its hearing in a disciplinary proceeding against the New York Curb Exchange today after George Rea, its president, defended the manner in which the curb handled charges of fee split- ing among members last year. Rea insisted through hours of xamination that the decision to close the case quietly by the withdrawal of one member was the test possible method of handling tha matter in the light of cir- umstances which then existed. He said he "heartily approves" a recently adopted policy of mak- ng public all penalties imposed for violations of exchange rules and hat he subscribed to a statement vhich announced the new policy and which described the handling f the Cuppia case as a "serious mistake." The SEC action was based on an negation that Jerome Chester :uppia had secret rebate and fee- plitting arrangements with other irokers on the exchange. Cuppia .cknowledged such arrangements m the witness stand early in the learing. The curb did not complete its nvestigation in the Cuppia matter, iut decided instead to close it by ermitting Cuppia to transfer his seat and reprimanding other mem- ers believed to be involved. o Federal Reserve WASHINGTON. Feb. 20—(AP)—Lend- ble excess reserves of banks increased 110.000.000 to a total of 56.440,000.000 in ic week ended February 19. The Federal Reserve Board ascribed the am primarily to treasury spending for efense and other purposes. Changes In member bank reserve bal- nces and related items during the week and the year ended February 19, 1941, were eported as follows: Feb. 19 Feb. 12 Feb. 21 1941 1941 1940 (In Millions of Dollars) lills discounted S. gov't securities, direct and guaranteed 2,184 ndustrial a d- vances (not including million commitments— February 19) )t h e r reserve bank credit o t a I reserve bank credit 2 Dec. 1 Dec. • Dec. 293 8 • - Dec. 41 Dec. 25 Inc. H 288 2.235 Dec. 25 Dec. _._ stock 22,140 Inc. 10 Inc. 4,032 reasury c u r- rency 3,102 Inc. 2 Inc. 125 lember bank reserve balances 14.021 Inc. 150 Inc. 1.780 loney in circu- aUon S.6S8 Inc. 23 Inc. 1,238 reasury cash 2,222 Inc. 10 Dec. 136 treasury deposits with F. R. banks 479 Dec. 143 Dec. 117 T onmember deposits and other F. R. accounts 2.067 Dec. 53 Inc. 1,103 U. S. Bonds TREASURY Sales In (1.000 High law Close 3 102.2 102.1 102.2 2 107.9 107.9 107.9 1 108.7 108.7 108.7 17 113.15 113.15 113.15 1 110.22 110.22 110.22 1 119.10 119.10 119.10 2 105.2 105.2 105.2 25 108.10 108.10 108.10 5 102.8 102.8 102.8 6 108.10 108.4 108.10 15 107.14 107.14 107.14 10 107.22 107.22 107.22 Vis 41 %s 45-43 %s 47-45 %s 56-46 %s 49-46 %s 52-47 s 47 %s 51-48 s 55-53 Tls 60-55 %s 63-58 %s 65-60 HOME OWNERS LOAN SO 107 100% 100 100 Vi Treasury Receipts WASHINGTON. Feb. 20— (AP>—The wsition of the treasury Feb. 18: Receipts $15.275.303.87: expenditures 52,296,787.85: net balance $1,892,571,J4.55: working balance included SI.149,- 58,934.82: customs receipts for month 19.630.462.20: receipts for fiscal year July II 53,545,483,906.61: expenditures •7.000,182^11.36; excess of expenditures 3.454.698B04.75: gross debt 546,047.46.690.14; increase over previous day S7,- 79,287^82; gold asset! 522,139,075,84.3.36. Metal Market N EW VORK, Feb. 20—(AP)— Copper steady; electrolytic spot Connecticut valley, 12.00; f. ». s. New York 10.3754-12-00. Tin firm; M>ot and ne»r-by 54.00; forward 54.00. Lead firm; spot New York 5.65-5.70; forward 5.51) 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-dividend. EX—First sale since ex-dividend date or dates. XR— Ex-rights, a—Also extra or extras, b—Including extra or extras, c—De- clared or paid to far this year, f— Payable In stock, g— Paid this year; no regular rate, h—Cash or stock. 'Accumulated 41v. paid this yeal. t'nder rules, ww—With warrants. k— Aero Supply B Alum Co Am Alum Ind Am Cyan B Am Gas & El Am Gen Am Light & Tr Am Superpow Ark Nat Gas Asso G & El A All Cst Line Co Atlas Corp war Auburn Cen Mfg Aviation & Tran Baldwin Loco war Barium Sta SU • Bell Alrc Bellanca Airc Berk & Gay Furn Bliss (E W) Can Marconi Carlo Syn Carrier Corp Cities Service Cities Service pf Cons G & E Bal Cons Mng & S Cons SU Corp Cont Roll & SU Cosden Petro • Creole Pet Dayton Rub Eagle Pich Ld El Bond & Sh El Bond & Sh pf Equity Corp Ford M Can A Ford Motor Ltd Gen Alloys Glen Aid Coal Hecla Mln Humble Oil Ins Co N Am tnt Pap&Pow war Jones & Lau SU Kingston Prod Lake SJiore M Lehigh C & N Lone Star Gas Molybdenum Mqntg Ward A Mount Prod Nat Bellas Hess Nat Fuel G Nat Rub Mch Nat Tun & Mines J Zinc Shipbd fd sh ?antepec Oil Yen Pennroad Pioneer Gold .'Itts PI Gl Republic Avia St Regis Pap Singer Mfg So C Ed B pf So Cal Ed C pf St Oil Ky St Oil Ohio pt St Pow & Lt iunray Oil Technicolor rob Prod Ex Todd Shioyards Tublze Chat Jnit Lt & Pow A J S Foil B J S Radiator Jtah P&L pf IVest Va C & C--West Air Exp - Sales In Hds. High 4 5% Low 5V4 1 136Vi 136% 136% 1 6% 6% 6% 3 1 6 5 10 .60 44 2 18 9 7 1 6 1 2 30 2 2 .50 1 2 .50 21 1 2 xdl 3 5 3 5 13 1 1 1 4 .60 : 1 1 5 32% 28% 2% 12 18% 3$ 3% 4% 19% 3% 15%* ivt 2* 23% SVi 6% 13% 9% S% 3% 60% 10 A 1% S% 5% 54 Vi 65 1% 28% 12% 2% 9% 7% 160 SVi Vi 11% 4Vi 2% 65 23 Vi 32 28 2% 11% 1% % 18% 3% 3% Vi 15 lit ft 49 Vi 64% 60 Vi 10* 1V4 8% 5% 54% 65 1% 27% 18% 3% 4% 19% "1 8% 4 50% Hit ig 3Vi 60 Vi 10* i* 8% 9% 79 $ 5% 54 Vi 65 1% 28 Vi 12% 2% 7% 158 Vi 160'* 5% 5% 73 11 Vi ' 4% 2% 64 23 Vi 2% 2% IVi 64 23 Vi 2% 77% 3.50 14 1 1 5 4 "3% "3Vi "3% 62 22 .30 121 120 121 1 30 30 30 2 29 29 29 10 18% ISVi 18% 1 108% 108% 108Vi 5 1 1 .70 1 1 .50 9% 3% S6 6Vi 154 79 3*-- 3H 8?* 6% 3% i-6 6% 6* IVi 79 2% 3% CCRB DOMESTIC BONDS Ark P & L 5l 56 6 106Vi 106% 106Vi As El 4Vis 53 . 12 45% 45Vi 45% Baldw L fm 50 ~ 1 112 112 112 Pac 6s 42 3 71V4 71V4 n Cities Scr 5s 50 65 81% BOVi 81% Clt S P & L SVis 49 2 89% 89% 89% 1en Alden Coal 4a 65 22 . 81% 81 Vi 81% Inters Pow 6s 52 5 39% 39 Vi 39% nters Pow 5s 57 12 68% 68% 68Vj Nevada Cal E 5s 56 30 92 91 Vi 92 Pen Cen P&L 4Vis 77 1 104V4 104Vi 104Vi Hand G & E 6s 51 stand P * L 6s 57 Tex El S 5s 60 Tex P & L 5s 56 77% 77% 77Vi -77 77% 77 Vi 1 106% 106% 106% 1 107% 107% 107% Vest Newsp Un 6s 44 3 63Vi 6354 63Vi 0 Earnings NEW YORK. Feb. 20—(AP)—Detroit Edison company and subsidiaries reportec oday net income for the 12 months ended Jan. 31 of S10.846.172 or S8.52 a capita hare, compared with S9,772.355. or J7.65 a share, in the previous 12 months. Lehigh PorUand Cement company, In its preliminary report for 1940. showed ne! irofit of S2.030.857. or 52.41 a common hare, compared with S2.257.221. or $2.71 share, in 1939. It was stated that no deduction was made for excess profits ax in the belief these earnings are xempt from this tax. BOSTON. Feb. 20—(AP)—Net profit of 412.925 after allowance for taxes, was eoorted today by the Greenfield Tap and lie corporation for 1940. The earnings were equivalent, after ivldend requirements on preferred stocks. o S1.76 per common share. They compared with profits of 5202.390. or. 28 cents per -ommon share, in 1939. NEW YORK. Feb. 20—(AP)—Union Pa- fic R. R. system, in a preliminary report -day for 1940. showed net'income of S19.- 45.880, after laves and charges, equalling S6.96 a common share. This compares with net Income of S18.- 966.632. or S6.74 a common share In 1939. NEW YORK. Feb. 20—(AP)—Cutler- Hammer. Inc.. manufacturers of electrical qulpment. today reported 1940 net Income f $1.280.894. after Inventory fluctuation, ederal and state income and excess profits axes, equal to SI.94 a share, compared vith SS14.700. or S1.23 a share, in 1939. Gain Recorded In Store Sales WASHINGTON, Feb. 20—(AP)— The Federal Reserve Board estimated today that department store sales in the week ended February 5 were 19 per cent larger than in he corresponding week last year. The margin was the same as in he preceding week, and the average gain for the four weeks ended Tebruary 15 over the similar period ast year was 15 per cent. By federal reserve districts, in- ireases last week over a year ago ncluded: Boston, 57; New York, 22; Phil- idelphia, 39; Cleveland, 20; Richmond, 9; Atlanta, 20; Chicago, 15; St. Louis, 25; Kansas City, 12; Dalas, 21, and San Francisco, 5 per ent. No figure was given for the Minneapolis district. Cotton Spinning Record Is Set WASHINGTON, Feb. 20—(AP) The census bureau reported today cotton spinning established a new record in January. The bureau said that, based on an activity of 80 hours per week, -otton spindles were operated dur- ng January at 112.1 per cent of :apacity. The previous record was .05.9 per cent, made last November. ' It was explained that overtime iperations, due to heavy . civilian ind military demands for cotton iroducts, played an important part. Consumption of raw cotton by lomestic mills in January also was the largest of record. Crude Rubber NQV YORK, Feb. 20— (AP)—Crude ubbs* futures closed 30-37 lower. Old: MchT^O.78: May 20.73. New: July 20.10. i Smoked ribbed spot 20.S7N. B—Bid; N—Nominal. . . -•.•-... ; Wheat Prices Strengthened CHICAGO, Feb. 20—(AP)— Chalking up gains of a cent or mor in some cases, wheat prices toda extended the recovery that ha been under way the past three ses sions to about 3 cents from th five-month lows established Mon day. The upturn was based largely o strength of securities, reports o crop damage in the Southwest an scattered mill demand. Buying o previous short sellers to stop losse on the price rise added to the mar ket's support. Wheat closed at the best level o the day, 'A-1% cents higher tha yesterday. May 81%-H, July 76 75%. Corn was 14-% lower, Ma 61%, July 60%; oats unchanged t Vi up; soybeans %-l'/4 higher; ry U-Vi up and lard 3-5 higher. Some traders expressed belie mill demand may have been ac celerated as a result of the mar ket's reversal of its recent down ward trend but there was no con firmation of any large-scale bus ness. Washington reports indicat ing congressional authorization o extension of the 'ever-normal gran ary" program will be sought to gether with drafting of plans fo the wheat xjuota referendum Ma 31 silenced recent reports about th possibility of a change in the gov ernment agricultural setup.. Temperatures fell in the South west, but snow was reported i many sections and the forecas indicated more moisture may be re ceived. The first outspoken ton of diminished optimism regardin the winter wheat crop outlook i the Southwest attracted attention It came from J 1 . F. Mpyer, gecre tary of the Kansas Grain Feed an Seed Dealers Association, who sai damage from freezes and hig winds may prove heavier than sus pected and may result in Kansas abandonment of 15 to 20 per cent Winter killing as a result of tem perature drops earlier in the sea son now is becoming more evident he said. Corn registered losses 9f almos a cent at times, reflecting scat tered profit and hedging agains 86,000 bushels booked to arrive. Oats were about steady. Bos ton dealers reported Canadian oat were offered in that market a attractive prices compared wit domestic oats. Rye rose in sym pathy with wheat. Lard was strengthened by action of grains and cotton seed oil. Range of prices on grain ani provisions exchange follows: Open High Low dose WHEAT: May July " .79% -SO .75%-tt .75% May July SATS: May July . .60 >4 .59% .35-35 K .31% -3054 .7SH .75% .76 .61Vi .60% .61% .60% .60% .60% .60 .59% .59% .35% .34% .35%. .31% .31V4 .31* .30% .30 H. .30V, Sept. SOYBEANS: May .911-54 .92% .91% .92-92* July .S7Vi .S8V, .87% .88% RYE: May .41% July .43% ^LARDi •** Mar. ' May 6.45 July 6.60 - . Se£t. 6.75-77 BELLIES: ... May .42V. .41H .42 .43% .43% .43% .44% .44% 6.30 6.42 6.45 6.60. 6.60 6.75 '- 6.75 6.'45~ 6.62 6.80* MINNEAPOLIS MINNEAPOLIS. Feb.' SO—CAP)—Whea receipts today 52 can compared wit holiday a year ago. Trading basis: Un changed. Quotations IVi cent* higher Cash: No. 1 heavy northern 83%. Dark northern No. 1 82%; No. 2 81% No. 3 79%-80%. Fancy No. 1 han Montana 86%: Minnesota-South Dakota No. 3 dark hard winter S0%-81%. Han amber durum 73%-78%. No. durum 74V4-75VI. Corn.' No. 3 yellow 54%-55%. Trading basis unchanged. Quotations % cen lower. Oats. No. 3 white 33V4-33%. Barley. 40-53. Rye. No. 2 46H-50H. Flax. No. 1.. 1.71%-1.77%. Sweet clover seed. 3.50-75. Range of prices: WHEAT High Low Mav • i 80% 79Vi July 79 77% September 76V4 76 MAY CORN Old — — New — — OATS Mav 31% 31% July — — RYE Mav Julv FLAX May Julv September 40% 42 Vi 1.70% 1.68% 1.61 39% 41% 1.70 1.68% 1-60% Close 80% 79 • 76Vi 55% 55% 31% 29% 40H 42 1.70-1 1.6S 1 , 1.60% WINNIMG WINNIPEG. Feb. 20— (AP)—W h e a futures: High Low dose May 77S 77% 77Vi Julv 79% 79 79V4 Cash Wheat. No.' 1 hard 75%: No. 1 northern 75%: No. 2. 73%: No, 3. 70V4 No. 2 white oats, 33%; No. p, 3254. OMAHA OMAHA. Feb. 20—(AP)—Cash wheat: No. 1 dark hard. 77V4-78: No. 3. 75V4. Corn. No. 3 yellow. 54%-55%; No. 4, 52Vi: No. 4 white. 55%. Oats, rye and barley, none. CHICAGO CHICAGO. Feb. 20—(AP)—Cash grain Wheat No. 2 hard 86. Corn: No. 3 yellow 61Vi-63%: No. 4 58-61 Vi; No. 5. S6V4-59: No. 3 white 62V4 sair.ple grade 54V4-55%. Oats: No. 1 white heavy 3SVi: No. 3 white 37Vi; No. 3 white tough 37; No. white 36Vi. Barlev: Malting 51-66 nom: feed 42-51 nom: No. 1. 66; No. 1 malting 62-63; No 2. 62-63: No. 3, 56. Soybeans: No. 4 yellow 91. Feld 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. Aviation Firm. Manager Named 1NGLEWOOD, Calif., Feb. 20— (UP)—J. H. Kindelberger, president of North American Aviation, Inc., today announced appointment of E. J. Rivers as manager of the company's new Dallas, Tex., plant. Alexander T. Burton, previously named manager of the Dallas unit, will be sent to Washington as representative of the company, Kindelberger said. Leland R. Taylor, present Washington representative, will return to Inglewood.. Rivers is a native of Harrisburg, Pa. He has been associated with the aviation industry since 1919. He oined North American in 1937 as assistant superintendent of the Inglewood factory. DuPont Slates Two Dividends WILMINGTON, Del., Feb. 20— INS)—E. I., du Pont de. Nemours and Company today 'declared the regular quarterly dividend of 11.12 % a share on the preferred lock, payable April 25 to stock- lolders of record April 10, and $1.75 i share, the first "interim" dividend r or 1941, on the .common stock, payable March 14 to stockholders record February 24. 6 Cash Provisions g CHICAGO. Feb. 20—(AP>—Lard tierces ,6.25; loo**.16.47; belliei U.OO. Involved Deal In Oats Smell MINNEAPOLIS, Feb. 20— (AP)—A carload of oats was, figuratively, pushed around in grain circles -here today because nobody appeared to want It under the circumstances. As the story goes, Robert E. Dunn, grain salesman, sold the oats to the Searle Elevator Company, but when it was delivered out waddled a skunk. What's more, two other skunks —both dead—were found inside. The Searle company representative protested the deal. It smelled, he said, and he demanded a discount. A skunk, he contended, certainly comes under the ruling against foreign material hi grain. But Dunn refused to approve the claim. "Produce the live skunk as evidence," he said in effect, "and we'll talk discount. No skunk, no discount." To settle the row, Chicago officials were wired to rule who, under the odoriferous circumstances, owns the grain. Back came the helpful answer: "The skunks, undoubtedly." New York Bonds New York Stock Exchange NEW YORK. Feb. 20—(AP)—Railwa loans paced price betterment in the bon market today, with gains among selected carrier issues ranging from 1 to 3 poin or more. Out in front of the pack were Bait more and Ohio Railway obligations a the market digested news the road wa applying nearly 513,000,000 of its 19' earnings to payment of interest on bone that have been placed on a contingen basis. The 95s. stamped, "C" closed a 46Vi. up 3%: the 2000s. stamped. "D at 40H. up 2%. the '96s "F" at 40% UD 2%. and the convertible '60s, stamped at 16%. up l% r Improvement /elsewhere in the list wa attributed in part to the fact many issu recently had been scraping close to th 1940 lows of last May and June, and "technical" Improvement in values was believed due. Transactions of S5.5S3.700. face valu compared with the revised figure of S5 377.700 for dealings the preceding day. Nickel Plate 4 Vis ended at 5614. up 21. Gosinc with gains of 1 to 2 or more we New York Central 5s at 65%. Nickel Pla 5%« at 68%. 'Southern Pacific 4%s of at 45. • Missouri-Kansas-Texas 5s of '62 14%, and Southern Railway 4< of '56 a SSVi. Fractional gainers in the utilities divLsio included Commonwealth Edison convert ible SVis and Consolidated Edison at 3Vi Firestone Tire 3Vis of '48 were up a nob at 104%. United States .government issues closec with gains ranging to 16/32nds of a poin In the foreign sector. French 7Vis of '41 stamped, were 2 higher on sale of tw bonds. Gaining part of a point wer German SVis and 7s. Panama 5s of '63 "A", stamped, a: sented. certificates, gained 2V4 at 66Vi. BOND AVERAGES Compiled by the Associated Press 20 10 10 10 Rails Indust Ctll A.6 ~ ' Net change Thursday Previous day Month ago Year ago 1941 high ' 1941 low 1940 high 1940 low 60.8 60.2 63.9 57.6 64.2 60.2 61.4 48.3 Indust D.l- 104.4 104.5 104.9 102.4 105.3 104.4 105.9 98.9 A.I 99/J 99.1 101.0 96.7 101.3 99.0 100.7 90.3 Fgn A 40 40 39. 50. 41. 38. 53. 35. 113. 112. 113. .108. Sales In Sl.OOO High Low Close Adams Exp 4s -48.. 1 102% 102% 102% Al eghany cv 5s 44 • - -20 91 Vi 91 9r Alleghany CV 5s-49 11 79 78% 79 Am & For P 5s 2030 3 53(4 ' 53V4 53 Am 1 G Chem 5Vis 49 84 101 Vi 100% 100 : 10 LOW YIELD BONDS Low yield 113.1 Prev. day Month ago 113.7 Year ago 1941 high 114.6 1941 low 1940 high 114.6 1940 low Am Int^SVis 49 2 101 _.— ._ _ _„- 101 101 Am T i.T 3%s-66 9 107% 107% 107' Arm Del 4s 57, . .3 106 105% 106 Aim Del*4s 55 - • 3 105V4 105 105 A T & S F 4s 95 ~ A C Line 1st 4s 52 B & O 95 St A 56 41Vi 40% 41 12 44 43% 44 8 105 104Vi 105 5 108% 108% 108 2 91V4 91 91 " ' 94% 94' 90% 90' 91 ' 91 91 94% 91 91 91 Beth Stl 3%s 65 Bkly Edis 3%s 66 Bkly Un Gas 5s 50 Can Nat 5s 69 Oct _ Can Nat Ry 4 Vis 51 6 Can Nat Ry 4%s 57 7 Can Nor 6Vis 46 8 __ „ „ Can Pac 4s pern 15 52V4 52V4 52 Cen N Y Pow 3%s 62 2 106V4 106Vi 106 On Pac 5s 65 27 48V4 47% Certain-td SVis 48 2 SSVi 85 C & O 4Vis 92 6 131Vi 131 C B i Q 4Vis 77 '1 73% 73Vi C B * <?4s 58 2 83V4 63% Chic Gt West 4s 59 29 32% 32 CM SP&PacSs 75193 .6% 5% CRI & P 4Vis 52 A 7 8% Columbia G 5s 52 May 11 104 4S 85V 131 ,73V 83V 32* .. 6V 8% 8' 103% 103TI Comwlth E cv 3V5s 58 10 114% 114% 114? Con Edis 3Vis 48 1 105% 105% 105V Consum Pow 3Vis 70 3 109% 109% 109* Cuba No Ry SVis 42 1 16Vi 16V4 16Vi D i R G 4s 36 10 8 7% 8 Duquesne Lt 3Vis 65 16 108Vi 108 108V Gen Stl Cast SVis 49 9 86% 84% 86V Goodrich 4%s 56 1 105% 105% 105V Hudson Coal 5s 62 A 8 27Vi 27 27V Hud * Man rfg 5s 57 2 "' " * III Cen 4%s 66 28 Intel-lake Iron cv 4s 47 3 Int Hydro El cv 6s 44 15 Int Pap 5s 47 Int T & T 5s 55 K C Term 4s 60 « K Te.x 5s 62 A K Tex aj 5s 67 K T 4Vis 78 K Tex lit 4s 90 Mo Pac cv SVis 49 Mo Pac 5S 77 Mo Pac gen 4s 75 *YC rf«r 5s 2013 •JYC 4Hs 2013 A MYChl&StL 5Vis 74 A 11 •JYCh&StL 4s 78 34 Niagara Sh cv 5Vis 50 5 102% 102% 1029 lor Pac 4» 97 19 78% 78 78V Jor Pac 3s 2047 14 43 Vi 43 Vi 43% Pac G & E 3%s 61 25 110% 110% 110% 'en P & L 4Vis 74 5 107Vi 107Vi 107V 'en RR gen 4Vi» 654 105V4 105 105VI 3 en RR 4Vis deb "0 45 90% 90VI 90% 'en RR gen 4Vis 81 5 101% lOlVs 101V Phila Co 5s 67 12 106V4 106 106V Purity Bak 5s 48 1 104 104 104 Rem Ran 4%s 56 mv 13 103% 103Vi 103V4 Republic Steel 4Vis 61 10 104V4 104V* 104V4 46% 46% 46V4 40% 39% 40 Vr 97Vi 97V4 97V 45 44 44 2 103% 103% 103H 37 4O 39Vi 39' 107% 108 13% 14% 4 13% 26% 19% 1H 62% 56 Vi 67 Vi 55 Vi 3 108 " 14% 13%* 27% 20 V4 1% 57 68 Vi 56% 4Vd 13V 27% 20 1 63 Vi 57V 68 Vi 56% 1 105Vi 105% 105% 45 45 44 76* a* 42> 79V. 76 ' 45 son 76 Socony-Vac 3s 64 Sou Pac 4Vis 68 44 Sou Pac 4V5s 81 69 So Pac clt 4s 49 22 South Ry 6Vis 56 13 South Ry gen 6s 56 3 ... Studebaker cv 6s .45 6 102 101 Vi 102 Un Pac 1st 4* 47 14 113 112Vi 112Vi 9 83Vi 83 83 7 103% 103H 103% 10 93 92V4 93 Vneel"stl"4V4» 66 A 2 104% 104% 104% Young S A T cv 4s 48 2 102'i 102 102 FOREIGN BONDS Argentine 4Vis 71 2 68% 68% B8% Irazil Ss 41 - -- — —•» Canada 5s 52 Chile 6s 60 ler Gov 5s 65 19 Ger Gov 7s 49 taly 7s 1951 Unit Drug 5s 53 Utah P i L 5s 44 Earner Bros 6s 48 A'estern Un 5s 51 6 19 19 19 2 97Vi 97Vi 97,z 1 lOVi lOVi 10% 9 8% ~ 'i 11% 11% in; .o.., .» a™* 2 43% 43% 43% Tokyo El Lt 6s 53 42 46V1 45% 45% Sugar Quotations NEW YORK. Feb. 20—(AP)—Domestic ugar futures showed final gains of 1 to points today on turnover of 28,800 tons. Distant positions reached new seasonal iehs. In the market's favor was a rise f.5 points in spot raw sugar to the high- -t level since the fall of 1929. World futures ended unchanged to 1V5 oints higher. Sales 11,600 tons; March 69B. May .728. Of the raws changing hands, refiners ook all but a small portion. The local •efined price remained at 4.45 cents. No. 3 close: March 2.09B: May 2.15B: uly 2.19B: September 2.23B; January .23B: B-Bid. Silver Market NEW TORK NEW YORK. Feb. 20—(AP)—Bar silver emained steady and unchanged here to- ay at 34%. LONDON LONDON. Feb. 20—(AP)—Bar silver 23%. unchanged. (Equivalent 42.39 cents). Brokers Loans WASHINGTON. Feb. 20—(AP)—The ederal Reserve Board reported today »ns to brokers and dealers on securities eld by reporting member banks in New ork City totaled 5282,000,000 the week nded yesterday. The total represented decrease of $5,000,000 when compared ith the previous week: Loans for the orresDondlng week a year ago totaled (€72,000,000. , ; . - Weak Price] Hit Livesl KANSAS CITY, Feb in_ Hogs: Salable and total iwf even; steady to 10 lower SS : " day's average; most dSf. S"? lings slow; few ..., steady to weak; fed .. uneven, mostly steady- scarce and unchanged' MOV— 5 ' '"• WMi: In Sheep salable 4.000: total medium to choice 1 75: top 8.75; some ^-.. steers . above 10.00; good to choice calves quo , wooed lambs quotable to wooled ewes to 6.75. Ir* j '-*°'wu. toiai 19,000' ia-i** '4fi_*>7n IK u..*_i __ i_i '•WMi.iilf • "0:270" "£ riSfflS ftWoo^ ?«rages generally 7.00-85- ' • aOO Ib. packing sows j' Ihter weights up to T.35 Salable sheep 8,000; total IIIUJ.L gooa 10 cnoice 95 in. lambs unevenly • lower at R«. trade, scattered early sails Sai p,« 1 rJ fc 4BSa a p few medium to good • Tdnds mK3 ?• f-^common sprled 0 ™ <?,»»:''*•£ nandy weight fed iambs; iS aOScnC. - - - -. • Salable cattle 4.500; calves goo-SJi ' !I weight and weighty steers Is li" -f very dull, sluggfih motet; •&£?* £ft iccount, bidding as much t. vi * ut * UL viaer K heifers getting outlet a 14.00 down: stoclters and ' • DENVER DENVER. Feb. 20— (USD Salable and total 300: calves- total 150: around steady; few 9.00-9.40: odd lots cows 7.00 dow ners and cutters 4.50-5.75; ihe!ly a 4.25 down: few medium buUi as ton vealem 13.00: stackers aid strong: yearling steers around ILiB-'it heifers 7.50-9.00: steer calves artmittll Hogs: Salable 900: total ts market fully steady, largely, ton ers: some Interests not .Mowte and choice 180-240 Ib.. 7.63-7.75-1 240-270 Ib.. 7.50-7.75; little &* heavier weights: most good and«< 160-180 Ib.. 7.35-7.75i iow«.-™' Sheep: Salable 2,800: told sales trucked-in Iambs -about 10.00-10.25; no carlots sold, a to a shade higher; best held a freight paid and up; early u steady; few common -and cull em 2 3.25. ' ' ' •„-,.. Poultry And E|| rCRNISHED BV ED WELMICI Otf BCXING rWCM Pool try. ' Hens white 2 K to 3 Ibs. Hens white over 3VJ Ibs. Hens colored 3Vi to 4Vi llx. fiens colored 4Vi to 5Ji Itu. Broilers. 1 to l'.i Ibs. . Fryers, white 1% to 2% loi,' fryers, white IVi to 1% Ibi. Fryers, colored 1% to 2 Ib* dryers, colored 2 to 2Vi lb»Fryers, colored 2Vi to 3 Ibs.- Roasten soft-bone 3 lb«. and o\» 7 J Stags ' •••••-' Capons kt Guineas, young Ducks.' white Pekln ' " ' young, 4Vi Ibs. and up Ducklings, all others ^eese. young Sauabs over 1 Ib. each' Turkeys prime No. 1 torn" .' Turkeys prime No. 1 hen» , Turkeys, prime No. 2 tana < Turkeys, prime No. 2 htnl Rabbits young 2 to 3% 11)5.' iiabbits. young 3% to 4& Ibl. Rabbits, old Effl >!o. 1 large white lo. 1 medium • •• • • lo. 1 small white 'fo. 1 large colored *o. 1 medium colored No. 1 small colored , .*Bk( •':'. :Tl -:;' rhi: ••'•: tti ; ? me -, "i • ••• 'on • ion • ler .•; 'ho ." :er •:• iop| IDS AMSEKS LOS ANGELES. Feb, 20-(UP>- Extras 33. prime firsts 32,-itan4an!lS undergrades 30. .jj Large eggs— Candled dean ejn»jj candled light dfrty extras-21, candMJ tandards 20. candled light dirty l""" .9. candled checks 18. . Medium eggs—Candled extras-19ro lEht dirty extra* 18. candled-cteaajj arts 17. candled light dirty •'•~ 1 ™ 1 indled checks 17. •' ,..Small eggs—Candled extras 15,. JLj B light dirty evtras 14. case count a^l Western cheese—Triplet DaMei 1ft 1^ horns 16Vi, loafs 17. -. Poultry prices—Hen». legnoraf, • i Ibs. 14; over 3Vi and ' bs. 14: over 4 Ibs. and up , olored. 4 to 5% Ibs. 21; over SVi W 1 up 20: broilers. IVi and up to li*, ver 1% and up to 2Vi Ira- 20: lorns, over 2Vi and up to 3 as. • red. 2Vi and up to Jfc Un. 16? ver 3Vi and up to 4% Ibs. ""' olored over 4Vi Ibs. and U] "olored 14: old roosters, colorec 39: ducklings. Pekin. over 5 Ibi 9: under 5 Ibs. 18; old dud •ekin. 08: geese 15: voting torn 4 Ibs. and under 20 IBs. 13: °" p 12; young hen turkeys, 9 1! 11 Ibs. 16: 11 Ibs. and up urkeys U; old torn turkeys to 8 Ibs. 24: over 8 Ibs., abbits. No. 1 white SVi to -., mixed colors. 3V, to 4Vi Ibs. ", woolley 06; No. 1 old 06. - ,5 CmCAGO - _,,,-. CHICAGO. Feb. 20-(AP)-»»J eipts 696,369; steady; market i 1 "™ Eggs, receipts 9,817; steady: a Poultry live. 23 trucks; firm;' Vi Ibs. and doivn. .colons'.^jj OCK .;.:, unaer -* i"=- ^'"il • ionth Rock 20Vi, White aoclc,. ack chickens 17: other prices uw KANSAS CITt KANSAS QTY, Feb. SO- 12V4-15Vi: geese. 10; dud*-. rices unchanged. Foreign 34H United States cents in lange dealings today. A little lower were tne ind Hong Kong dollar, DUt_ jade was the Argent! The German benevolt... -d at 20.85 cents, up .10 o 1 ' e previous quotation. t • Closing rates follow (Great . lllars. others in. cental Canada—C ates for •ent premi. urn. equivalent to - jllars in New York of nt. selling 9.C" New York scount or 84 Europe—Grea reign exchang .02. selling f .03: Germa .85: Finland iff jry 19.77N: Ital veden 23.85 Swit avia 2.35N. Latin America—A ee 23.70: Brazil DON: Mexico 20.70N. Far East—Japan 23.48, .60: Shsjpghai 5- 80 -., (Rates in spot caniea dicated. N-KonunaL

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