SPRINGFIELD, WEDNESDAY, APRIL 10, 1940 17 2 THE SPRINGFIELD DAILY REPUBLICAN, BUSINESS READY TO END DECLINE, IT IS INDICATED Reserve Estimates Consumption Is 'at Least as Large' as. Output- Price Changes Hold Exaggerated Washington, April 9-(AP)-The Federal Reserve board. estimating that consumption of American factory products is "at least ag large" production, hinted today that business is ready to end it's recent decline. Making no fat predictions, hoard, in its monthly bulletin. disputed the notion held in some FOVernment quarters that business cannot pick up until present large ventories in the hands of manufacturera or wholesalers are sold.
The board noted that its seasonallyadjusted index of industrial production dropped from 128 last December to 7 points A higher than in the same in March. The March Agure wag still points higher than last July and Aumonth last year and 11S 2 to gust, when last fall's sensational pickup was getting under way. Tho industrial slowdown so far this year has been explained generally the result of production outrunning consumption in the feverish factory pace stimulated hy the war last fall. Business simply slowed down to use up part of the excess goods produced then. Board Accepts This Theory AR an explanation of the industrial decline to date, the board accepted this theory.
saying. "Any appraisal the present position must take into account the possibility that for a time productiton may be below consumption witht some liquidation of the inventories accumnlated earlier, when output' was clearly in excess of consumption." Concerning the view that existing In inventories indefinitely, the might board postpone continued. recovery the same time, due consideration should be given to the fact that inventory accumulation, while rapid from September to early part this year, extended over only a short period: that in lines where activity is being sustained at high levels the volume of inventories required, ineluding goods in process, is larger than last summer; and that during period like the present it may appear advantageous, in the case of some commodities, to keep more ventories than usual." Price Chances Exaggerated The board indicated, that price changes in the last year had exaggerated the apparent increase in Inventories. It pointed out, for instance, that a commerce department survey, showing that inventories at the end of January were 74 per cent larger than year earlier. made no allowance for the fact that prices were higher.
Thus, when measured by value, the same physical amount of inventories today may appeal larger than a year ago. The board said business trends had been divergent in many, felds, And that some of the industries, such 43 steel, which influence the board's index most had been hit hardest, while other industries such as airplane and shipbuilding, which have hold or enhanced their gains, do not affect the index. BETHLEHEM STEEL MINORITY LOSES President Grace Predicts a Dividend at Directors' Mceting On 25th Confidence Voted Wilmington, April 9-(AP)Two minority atockholders of the Bethlehem Steel corporation challenged proceedings all down the line at the corporation's meeting today but were defeated in each instanceinst the spirited opposition of L. D. Gilbert and Le K.
Coshland, both of New York. the majority Reelected five directors for threeyear terms. 2. Voted to continue holding annual meetings in Wilmington. Defeated a minority resolution to have the stockholders pass on the selection of accounts to audit the corporaiton's books.
Expects Dividend on 23th Eugene Grace, corporation president, told the meeting Bethlehem steel probably would declare a dividend on common stock at the directors' next meeting the 25th. With Gilbert alone dissenting, the meeting passed by a standing vote a resolution expressing confidence in the management. Chicago Grain Market Chicago, April -(AP)-European war news gripped North American wheat markets today. skyrocketing prices nearly six cents a. bushel at times, Biggest gains were scored in opening trade, prices reacting later in sympathy with a downturn in securities.
At "the close, however, gains still ranged to better than four cents a bushel. Word that German troops had invaded Denmark and Norway and other reports of intensified warfare boosted opening wheat prices on the Board of Trade more than five. cents as 5 orders ere buy--including sho ing-were poured into the pit. July and September contracts, new crop deliveries, reached up and highs and three cents best for respectively, the May months contracts season in the season high. The widest gain was nearly years, climbed a to $1.00, within cent of scored Minneapolis, where September contracta were up cents at one stage.
Wheat on the Board of Trade Anished cents higher, May -74. July corn up, May 58. July ents 1 up: soy beans up: rye up: lard 18-20 cents a hundredweight higher. Closing Grain Prices High Low Close WHEAT r. May 1.09 1.0614 1.07¾-⅞ July 1.0%4 1.05½ September 1.081 1.001 1.0714-1.07 CORN May 58 58 July 59 59 September 6012 60 OATS May July 3712 3712 September RYE July 684 May 683 681 September 503.
691 POSTMASTER GETS SUSPENSION Boston, April 3-(AP)-William M. Higgins, 29, postmaster at Oricans since 1036. pleaded guilty in federal court today to embezzlement of $713 ot year and A day and placed 011 and a was given a suspended sentence probation for a year. Full restitution had been made. High Low Close High Low Mercant John Stra 18 187 18 stead Arno Sup 54 Ainsworth Air Investors 3 3 Mich St Tube 8 Air 13 13 Metal Tex Ala Gt Sou Michigan Sug Ala pt 144i Mid St A vic 11-16 11-16 Do of 9.3 95 Mid West t.
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McWill Dredg 8 8 Broad Riv 34 NEW YORK CURB MARKET Close Sales in 1000's ligh Low Close 147 Can Nor S5 33 93 96 95. 18 Caro 1. 38 56 Cen St El 34 371 3 Do 53 48 37 371 714 Cen St 63 81 105 81 Chi 111 Mid .107 105 11-16 Chi Ry 27 et Cin St Ry 68 33 19 Cities Ser 5s 09 10314 Do bs 66 Do 38 70 Do 3s 30 Cit 49 Cit 8 Pow 5 48 N6 Commun 16816 Conn 79 31A 134 Con GEL BA 3 11013 Con GEI. Ba 33 69 .....108 105 109 c. Con Gas Ut tis 43 88 88 88 Cont 33 38 A 014 13 5 Gudahy Pack 00 Det Int Br 82 61 414 East 49 BRA 9144 8178 04 EI Paso El 38 50 10 10t; Elec 33 2030 Elmira Wat 1101 Empire Dis 32 1041 10414 1041 40 Fed Water 54 10014 1 Fla 38 34 1011 Fla Pow 48 titi 101 Gary 38 44 st 141 101 Gatineau Pow 69 Gen Bronze Us 40 Gen J'ub lit ti 36 90 68 Gen W'k 13 A 091 134 Geo Glen l'ow Ald Coal 67 43 65 TI 73 74 Guar Inv 36 Hygrade 65 40 18 18 Fd 3 TO 82 Idaho l'ow RT 1093 1084 111 Pow 56 104 103 1001 Do 01 8 37 111 6 33 1071 10716 117 111 Pow Ind Syc 58 HO 60 12 Ind Svc 3A 83 A9 Indnapls 5s 17 Int Sec 78 37 41 41 83 Int Sec 59 36 36 36 Int Soc 33 3t 36 Inters tow 6.
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despite decreasing shipments from Scandinavian countries, caused by latest war conditions. One leading producer. Great Northern l'aper company, recently withdrew A $1-a-ton price increase for the second quarter, leaving its price 37 unchanged. "Canadian mill- have been taking up the slack as shipments from overhave fallen off," Williams said, 351 "and still have more than ample capacity for United States newsprint consumption. 141.
"We are advising our members not to create an artificial shortage by hoarding." Sugar and Coffee Markets SENTENCED TO TWO TEARS Roston, April 2-(AP)-Andrew New York, April 9-(AD)-The world sugar futures contract raced ahead early today in quick response to war news, faltered and settled back to close with net gains of 1 to 2 points. While sugar brokers said spreading the European conflict could be construed as a bullish tor in sugar trade, they also pointed to the fact ample supplies still over5 hang world markets. Sales totaled 11,100 tong; May 1.47 bid. July 1.47 hid. The domestic list, influenced at the outset by the world prices, fared 1414 better in the long run and closed 2 to 4 points up on turnover of 11,850 tons.
Substaining influences were the up103 ward slant to the refined and raw 13-18 markets. Offerings of raw sugar cents tracted. a pound Duty-frees while were Cubas for held at prompt. 2.85 shipment were available at 1.05 for June shipment. Inquiry for refined increased.
Eastern refners stuck to the cents A pound base but concessions were allowed in west344 ern territory. No 3 range follows: High Low Close May 1.87 1.86 1.87b July 1.92 1.91, September 1.98 1.96 1.07b January 2.02 2.01 2.02h March 2.00 2.03 2.01b h-bid. Coffee futures bucked the main trend in staple markets with moderate losses today. Worrying the market, 12 brokers said, was the possibility of a contraction in' the important Scandinavian coffee consuming arcas, which normally take more than 1,500,000 bags of coffee. Santos closed 6 to 9 points lower on turnover of 19.000 bags: May 5.70b, July 5.90h, Septem123 ber 6.00b, December 6.11b, March 6.18.
11 3 Rio was nominally down 5 points; May 4.20b. July 1.20b, September 6 4.19b, December 4.18b, (b-hid). In an unsettled actuals markets, Santos 4s were quoted at Rio 7s at 103 Cost and freight offerings included, Santos Bourhon 3s and 5s at 6.50-7.30. Zinn, alias "Scarface Andy," of Brooklyn. N.
and his nephew, Samuel Allman, 21, of New York. were sentenced to two years in the federal penitentiary today after they pleaded guilty to conspiracy in the distriubtion of obscene pictures and literaI ture. PASSIVE ATTITUDE SEEN INCREASINGLY DIFFICULT FOR U.S. America Would Be Within Its Rights if It Pointed Out to Nazis and Allies Their Disregard of Neutrals Ry DAVID LAWRENCE Special Dispatch to The Republican Washington, April 9- (AP) -The rights of neutrals--the issue over which the United States fought a war in 1917-now have been reduced almost to the vanishing point. The British action in carrying their HeH warfare into Norwegian territorial waters represents about the last stela toward sanctioning by custom practice the invasion of neutral rights at the very doorstep of smaller nations.
What the allies are doing, of course, is the result of provocation Nazi government which, from the beginning of the war, has waged ruthless submarine warfare against neutral shipping. When submarine operations in the last war shocked the opinion of the civilized world and ultimately aroused the American people to entry into a war far distant from their own shores. it was believed that progress had been made toward the delimitation of the rights of belligerents. Today, however, due possibly to the willingness of the United States to abandon neutral rights or rather to refrain from asserting such neutral rights, the belligerents are moving in to conduct their war irrespective of boundaries or territorial waters. Implications Hard to Realize The fact that the British, who for generations of past history have been the outstanding champions of the rights of neutrals, should decide to mine the territorial waters of a neutral country is a step sensational that its implications may not he realized for many years to come.
It. means, of course, that war has reached such A stage that neither side is willing to respect socalled neutral rights any longer. Since the Nazis have sunk such A vast amount of neutral tonnage without endeavoring to separate contraband from noncontraband, the British have felt justified in trying to stop all German exports as well as imports. This, how. ever, cannot be done when countries contiguous to Germany maintain trade operations with America and other neutrals.
The allies now have determined to let nothing get into Germany directly or indirectly, and the intensification of the war will reveal a far more aggressive position in this respect by the British than ever before. The theory that what one enemy does permits the other belligerent to do likewise has now been adopted as a sort of legitimate rule of thumb. It may extend before long to aerial bombardments of cities or possibly to the movement of planes directly across neutral territories. So far United States government is concerned, it may watch with academic interest the strangulation of neutral rights. Certainly no voice has been lifted here in Washington against the indiscriminate way by which the Nazis have arrogated to themselves the right to sink any or all neutral ships on sight with the possible exception of those of the United States and Italy, which for special reasons are allowed ed to pass.
U. S. Expected to Keep Silent be made now against what the BritSo long as neither Germany nor ish are doing in sowing mines in neuNo protest, therefore, can logically tral waters on the Norwegian coast. Britain operates in American territorial waters, presumably no expression of opinion will be forthcoming from the United States though it is a matter or regret that America has not even chosen to argue for the theory of neutral rights since the war began. Unquestionably American public opinion has had much to do with the timidity of the department of state in expressing itself about neutral rights.
Nobody in government here now would dare to say what President Wilson said in 1915 and 1916 about the rights of neutrals. The wry that would arise especially in 2 Year of presidential and congressional elcetions would stifle any such outburst on the ground that America WAS being "dragged" into the wAr. For the make of the record at least and for the projection of rights of neutrals in the future, the United States government would be justified in calling to the attention of both the Nazi government and the allied governments the serious tranagressions off neutral rights of which their respective navies are guilty. If the principle be conceded belligerenta have unlimited rights. then the opportunities for small nations to keep themselves free from war will disappear and the large nations will find that the area of operations in every war is more and more extensive with the consequence that America will have a much more difficult time preserving her neutrality hereafter by A passive attitude.
Rights Foreign Exchange -nominal. GIVEN TILL MAT 13 New York, April 9- (AP) --The war abroad hit the foreign exchange market hard today. The British pound dropped centa, closing at $3.4612, after a low of $3.43. The lowland currencies eased off, the Belgian belga losing .09 of a cent at 17 cents, and the Dutch guilder declining .01 of A cent at 53.08 cents. The French franc declined .05 of a cent to 1.9612 cents.
The Canadian dollar dropped of a cent to 83.50. There were only nominal quotations for Scandinavian currencies at the opening, and shortly afterward the foreign exchange committee of the leading commercial banks suspended all trading in them. after consultation with the treasury and the Federal Reserve bank of New York. Closing Rates Great Britain in dollars, others in Canadian control board rates for United States dollars: Buying 10 per cent premium. selling 11 per cent premium.
equivalent to discounts on Canadian dollars in New York of buying 9.91 per cent. selling 9.09 per cent. Canadian dollar in New York open market per cent discount, or 83.50 United States cents. Great Britain, demand 3.45¾. cables 3.46½, 60-day bills 3.11%.
90-day bills 3.43⅝. Belgium 17.00, Denmark unquoted, Finland 1 1.05n, France 1.96½. Germany 40.20 (benevolent 16.00), Greece .66. Hungary 17.65n, Italy 5.05, Netherlands 63.08, Norway. unquoted, Portugal 3.4$n.
Rumania Sweden 23.83, Switzerland 22.43, Yugoslavia 2.35n, Argentina official 29.77, free 22.74, Brazil official 6.05, free 5.10; Mexico 16.85, Japan 23.48, Hong Kong 21.75, Shanghai Rates in spot 'cables unless otherwise indicated. Washington. April 3-(AP) -Cities Service Power and Light company today was given until May 13 to answer integration proceedings instiItuted by the Securities commission, NEW YORK BOND MARKET 3 12 A 5 New York, April 3-(AP)-Norwegian and Danish bonds crashed As much as 37 points today as German troops swarmed into the Scandinavian countries. As the slumped, dollar they loans of carried the downward the issues of Belgiumwhich dropped as much as 16 points -Italy, Germany, France and Canada. The debacle among the foreign loans waS reflected, although only mildly, in a dip in United States goveinments which averaged about half point.
the maximum drop being 1.4 points for the treasury of '56-'59. Corporate bonds suffered similarly in the swift trading, with losses of more than 2 points common throughout the list. A few industrials, notably papers, were able to hold their own against the tide of war news. The turnover was one of the greatest in the year, $10,259,000, face value, compared with $9.431,000 yesterday. Among the issues hardest hit were: American Telephone of '61 at Bethlehem Steel at 110; Commonwealth Edison convertible at Delaware Hudson refunding 48 At Erie 5s of '76 at International Hydro Electric 6s at Canadian National Railway at and Third Avenuc 4s at Among the few gainers were United States Steel up at International Paper 69, up at and Remington Rand with warrants.
which gained At 102. Following is a complete list of Anal bond TreAs U. S. 3 GOVERNMENT Jun 101.3 BONDS 101.3 101.3 Do 43-41Men 103.18 106.14 Do 41 104.11 104.11 104.11 Do 8 47-13 100,16 109.16 Do 45-43 100.25 100.25 109. Do 3:18 31-44 46-11 ...110.13 110.14 114.25 114.20 110.14 Do 4s Do 47-45 109.16 100.14 Do 16 109.9 100.9 109.9 170 115.6 115.6 115.0 Do 49-46 111.24 111.27 Do 4 32-47 .129.30 120.30 120.30 Do 105.10 105.10 Treas 45 108.19 108.18 108.19 Do 2s 50-48 104.3 104.3 101.3 Do 31s 32-49 112.12 112.12 a.
Do 513-49 11 100.7 106.11 15 Do 104.8 104.10 ca Do 54-51 108.6 13 Do 38 53-51 111.12 111.11 111.11 110 53-51 101.6 108.30 104.2 173 108.10 109.10 Do 60-33 reg 108.10 Do 59-56 107.4 107.4 HA Ito 63-58 ....107.8 101. 107. 142 Do 8 16 106.29 100.29 Fed 3847-42 103.2 106. 105.2 Do 38 49-44 148.4 109.4 hom*ownL 104.8 104.8 104.6 Do 38 52-44 107.28 107.26 107.20 Do 47-45 ....102.2 102.2 102.2 CORPORATION BONDS A Adams Exp 46 st 1085 Alleghany CV 41 815 Do cv 59 49 74. 731 7314 Do 50 st 431; 43 431 Allis Chaim cv 4s 32 144 109 30 Am For 2030 11 Am 1 Chem 49 1044 104 104 Am 43 107 Do 60 1081 108 Do 318 61 1081 1091 Ain 13 1084 Anaconda Cop 4 50 1023, 1028, Ann Arbor 4g 93 45 418 9 BAT 971 19 Arm Del 48 57 103 103 Do AS 103 102 14 49 85 1444 12 28 48 1033, 103 4 Do C-A 62 11 AC 1st 02 71 At ChA AL 38 87 87 AL 93 93 10 AC Line cit is 52 683; 3 4128 04 56 56 AC Line 5s 45 73 74 Atl Dan Ist is 49 408; Atl Dan 2d 49 49 34 34 AubAutocv 59 59 59 17 lat mtg 46 st Ay LO 9, st A 28 Do 13 at 31 31 110 2000 st 2776 30 Do st Do 60 st 1312 Do 48 no 1st 4g 44 reg 47 HT Ito 4851st 39 39 59 5 IV 50 st 474 Bang de Aroo cnis31 Do 4: 51 st 0.
Do Us 43 94 9314 14 Bell Tl'a 3s 18 1133 1: Do 5g A0 194 Beth St 60 Beth Stl 3148 52 .112 110. 110 18 Beth St 3 50 1034 52 Bostons Me 67 Do 53 67 st Do 55 DO 49 49 Do 58 55 Rkly Edis 66 Bkly Man Tr 66 10242 Do 66 ct 90 Rkly UnEl 103 103 103 TO Ist Bkly Gag 113 30 Do os 30 97 Do 16 But st 41 13 Bur ct 12 Bush Term 38 46 6 Bush Bldg 3560 60 CAl Ore POW ASHA 104 104 57 Can Nat 58 HO Jly. 99 99 23 Do .13 89 Oct Do Ry 55 941 99 14 9914 11 Do 51 90 971 971 Can Nat Ry 36 14 99 Do 4 57 97 Sati 14 97 15 Can Pac 1024 Do 56 83 83 Do 4 14 8 16 85 89 Do 60 74 76 TR Can Pao 87 67 6 Gen 58 30 10014 1001 Celotex 47 tv 80 Can Now 61 10 Cen P'AC 60 4 Do 1st 69 30 CenRRNJ AT 18 19 Do 38 reg Do 48 81 164 16 16 Certain-td 18 SO 40 CAD 4 pon 99 99 Do fg 3149 906 Do rfe 10, 145 14 5 Cher Oh 48 R9 RRA 11T 117 117 12 Chi Alton 38 49.... 154 13 14 rig 58 89 8414 14 15 Do 4 14, 7 4.7 51 81 6 Do con 49 53 92 Ill 49 29 Chi 111 31. 17 95 Chic Git West 5 Chi 181, Ax 5 Chi 5R 47 20 107.
20 Chi 5A ti 91 123 CMSP l'ac 75.. 63 13 3121 83 27 27 6 Chi KN 6121 36 20 00 3 Do rig 58 0037 5 Do cm he ST 19 19 13 12 Do (V 4 49 Do 2037 Do 2037 1012 11 Do 4A 87 16 Do 18 31 52 11 Do 13 A ct Do 60 51 Do rig 34 ct. Ct RE rig 60 62 62 62 Do inc 5. 60 53 53 53 Ch In StA 4g 1047: 104 7 13 Do 63 1084 Ch Ind 62 94 94 94 Do 1 52 93 93 OR Childs Co 13 DR Cin Gas El 67 Do 3148 BA 140014 17 St 51 gen 93 Do 93 Do 18 90 St 65 Clev Sn Line Clev U'n Term 72 8 Do 08 73 78 Do Col 3 Colmb 104 104 16 Colinb May Colmbia 1 ColRy PAL 106 118 49 Comw Ed cv 314538 5 Conn Riv 108 Edis Hi .....107 107 14 Con Fals 108 3 Con Edis Con Edis 1034 23 Oil cv 105 105 2 Con Rys 3 Consol'n Coal 38 38 Consum Pow 110 110 Consu Pow 1st 31 969 10514 108; Consum Pow 1001 Container Cor the 16 .103 103 Contin'tal Oil 948 6 Crown Cork 48 104 104 11 Crucible Stl 4 13 Dol Hud rfg 4843 374 Del 4123 1 Do 69 104 16 36 11 11 11 12 Do 19 36 Do West 91 West G7 Det Ed 61 10814 Det Ed 4R 5 Dul 62.108 108 108 Sales in High Low Close Duluth 5s 37. 23 23 23 13 Duquesne Lt 65 1 Ten cn 5a 36 924, 925 2 Elec Auto cvis52 12 Erie rig 58 67 16 161 Do 164 161, 20 Erie 1st 43 06 5916 Erie gen lien Ni 26 26 Erie cv 4g 53 A 24 234 Erie Do Jer 6s 53 56 56 56 10 Fairhks Morse 43 10714 1074 9 Firestone 3 48.1058 30 Fla Cst 38 61 61 31 Do 4 58 52 50 50 GD Francis Sug 65 36 32 3 Gen Cable 47 51 24 Gel Sti Cast 34s 49 711 TUG Lien Mot Ac 24 Goodrich 118 36 105 '105 10 Gt Nor Ry 3 32 997 99 92 Do 33 13 940 Do ST 65 83 Do 67 $3 63 Do 1st 61 107 10714 10716 93 Do 46 103 10214 1024 31 Do 49 46 94 9 Gulf 38 30 82 20 Gulf St Sti 61 101 101 40 Gulf Util 69 Hockg 121 121 121 3 lat intg 44.
72 1 Houst'n 84 100 100 100 4714 473 11 Do inc US 57 14 14 1 IllCen 3: 43 43 43 Do 15 4614 Do 33 43 43 45 ti rfg 13 22 Do 66 43 3 Do 5s 35 56 56 36 59 63.A 49 Do 63 115 Indpls Un Ry 86 1054 10 Indus Rayon 48 ..1051 105 105 14 Inland St1 34 a t1 105. 3 Interb 1 32. ct 32 31 378 31 3758 13 Do ct 761, Do Da 1965 18 76 Interlake Iron cv 47 37 85 42 8: Int Agric 53 42 st 103 103 103 10 Int Git aj 68 52 Do 1st tis 32. 133 16 Int Hydro El cV 691 691 Int Mer Mar 6s 11 Int Paper fis 35 99 954 905 Do Ag 17 12 Int CA 13 Int A 95 84 95 60 41 39 1 55 Int 58 45 1314 43 1 lone Cen rig 31 5 Lau St 561 15 45 36 38 38 South Us 3u 67 87 00 Do 38 DU 66h 14 Term 48 60 1074 Kans 1148 8 50 ..1021, 1021 1021 Keith tis 46 102 Kings Co Elev 4: 19 ct 90 90 30 5 Koppers Co 48 51 15 Lac Gas 33 49 454 3 LAC Gas 38 39 28 Lautaro Nit inc 75 381 37 36 13 Leh 851A 54 54 Leh 54C Leh Val Coal 5543 25 23 Ich Val Coal 58 64... Leh Val LehVaINY asd 10 40 3 Leh Val asd Leh Val 4 52003 15 3 Leh Val 4.3 2003 12 Do 49 2003 a gd Leh Val 58 50 Do 58 41.
503 504 18 Libby MeN 55 1034 11 Lie MI 44 126 146 126 10 Do 58 31 1314 131 Liquid Carb 107 1071 10712 1 Loews 16 1043 1047 Long 1s rig 46 Do rig 4 49 924 92 92 Lorillard 8 41 1254 1251 Do 51 142 1281 Louisia Ark 69 86 84 56 Lou 59 2003 99 99 99 15 Do 2003 90 90 Do 1 at. 46 2003 684 84 14 Do 2003. 81 41 Pad 1041 CA Lou Gas El 64 100 109 109 Maine Con 40 53 53 10 Manati Hug 48 57 41 90 Mannat Ry 18 90 624 Roh 31 90 95 93 Mich Con Gas 63 103 10314 Midland RR NI 10 281 Mil 43 47 131. 8 1. en 55 34 ct 81 84 MSI' SaMarie 58 38 6 6 Do etd is 38 Do en 4s 38 M-K-Tex 58 42 14 16 Do aj 53 67 4 Do 14 8 78 8 Do 13t 90 30 Do 20 Mo I'ac 84 Do Do 5a 15 MO Pac 78 6 Mo Pac 58 80 6t Mo Pac 81 21 Mo Pac 58 81 I ct 20 20 20 20 Mo Pac gen 4.
75.... 3 15 oMntr 244 24 35 Mob Oh 41 33 Mob 58 38 407 40) 10 24 0 77. 33. 33 Mob 0 41s 331 3 Mor Ester 01 53 321 44 Mont Pow 66......101 4 12 Mor EARFX 55 373, 374 Mor Esse 42 43 11 Nash 4878 69 14 Nassau El 51 3 NASSAU FI 48 31 ct 34 79 Nat Dairy 8 10714 Nat Distill 19 105 105 50 Natl Supply 34 103 1 103 Natl Steel 3s 103 102 Eng RR 42 New Eng 5932 127 NEne 127 NJ 60 10 1044 Pu Sv 3a52A 105 10.5 003 Ori Term AS 6744 NO Text At 30 50 39 1 53A35ct 30 30 30 MAX 374 3744 33 33 545 10044 10014 NYCrfg 60 50 An 533, NYCen 4698 614 12 79 15 89 50 NYCAHR 4842 10 NYCAHR 497 314 5814 57 41 85 47 58 14 37 3714 tAtti 831 4 NY Conn KR 3 33..10 NY Dock cv 321 Dock Co 46 31 53 53 44 NY 31, 65 ......109 108 1018 Do ti 108 3 19 NY EI 43..1174 1161. 34 CY tia 48 Do cit 10 30 2314 23 43 20 1916 20 184 NY rig 92 63 20 NY Steam 1061; NY gen 5a40 11.
10 10 Io rig 37 24 44 264 NY Tel NY 119 Pow 107 107 Norf Sou 3sfict 161, 161 Do 61 141 15 Nort 98 125 Nor Am Co 39 1071 Do 3. 31 1054 1056; 20 Do 49 106 1041 55 Nor Fac His 2047 37. Do 58 2047 2047 50 50 Do 2047 Do 4s 97. 661 Do 38 42 42 Nor Sta Pow 109 2 0 Ohio Ed 67 Do 65 107 107 Do 9 1083 1081 Ontario Tran 45 Or- Wash 61 107 6 Otis Steel R2 76 751 10 Pac 61 111 P'ac GA 113 113 Panhandle 44 1014 P'armelpe 64 43 Pen Co 43 AR Pen Det 77 Pen 71 ..108 107 107 Do 69 108 4 100 Pen RR gen 65 102 102 Do deb TO 12 Pen RR gen 81 98 Do 84 Do 18 1141, 13 Do 70 91 91 011 Do 31 32 864 8314 Peo Chi 6s 43 1133 1137 Do 58 41 1164 11A6 a Peoria 1st 40 AR A8 23 Pere Marq 36 69 69 Do 8 80 601 60 40 38 Phelps Dodge 32 111 11014 1103 3 Phila Co 67 116 4 Phil Elec 111 7 Ph Read cv fo 49 314 Ph Rd 73 131 30 Phillips Pet 48 110 110 by 13 POC SI 31 Do 17 99 Do 40 A 1017. 1017 St Do 42 1003: Do 43 1101.
58 46 16 Do 8 45 13 18 Do 60 46 Sales in 1000'1 High Low 11 Do 68 42 unst 83 82 17 Porti Gen 60 Sea- -All 6835A ct 31 Postal 33 2 Potomac El 66. 110 110 3 Pressed st 59. 61. 3 2037 No Ill 68 1094 1 Purity Bak 38 48 5 Readg 97 A 03 Do 4128 97 70 3 Rem Rand 56ww 102 11 Do 44 xw 100 16 Rep Steel 61 10 56. 96 Cop 58 1024 5 Rio Gr 1st 341 39 Do cit 49 12 Roch 69 1094 Saguenay Pow 66 St.
48 38 St Peo NW 48 25 15 St MA Pac 38 35 st St 33 50 16 13 Do 5s 50 ct 141 144 Do Do 76 ct st 188 63 Do 4s 30 A 131 Do 4g 50 A ct 18 St 8 1st 4s 89 67 60 Do 2d 48 89 371 37 SIL 41 Pass 45 13 64 10 NAn Ant Pub 5 63 108 108 03 Schulco 6148 46 st 434 Scluto VAN 48 89 12114 1214 34 Saab A cv 65 45 684 61 tis 43 ct Do 48 50 st 14 Do 30 unst 13 Do rig 59 Sea- All His 35A ct 24 Shell Un 34 97 Simmons cv 32 ...1014 19 Socony-Vac 36 64 1051 So Bell s82 Do 3a 79 .1044 So Col Pow 47 Sou Kragt 46 59 094 Sou Nat Gas 148 31 Sou lac 4 68 481 47 81 402 45 Do 69 467 Do rig 4s 55 61 3 So l'ac cit 18 49 Do 16 34 3278 So 9 Ore So PacSFTeris50 751. 75 South Ry 56 Do gen His 56 31 Do cen Re 04 32 Do gen 36 Do St 51 SW Bell Tel 3128 64 111 13 Do 49 1074 A StandOUNJ 38 81 1053; 16 Do 24,8 33 39 Studebakercy 45 109 10 50 1A TRRASTL 48 53 ......111 Tex Corp 51 10344 Do 3g 59 106 1st 3s 2000 ...10714 Do 53 71 71 Do DoSs 79 6914 56 80 60 7034 704 124 ThirdAveal 33 25 23 Do 60 614 60 1 UnElMo 62 1074 1074 36 Union Oil Cal is Un Pac 2008 Un Pac 1st 1s 47 114 Un Pac 71 98 Un PAC rig 4s 2008 107 Un PAC TO Un Cir-Wh Stre 58 77 75 43 Unit Drug ba 53 894 U'n 41..110 52 US Steel 3146 48 1034 6 Un Stockyds 51.. 9116 Utah 103 Utah 58 14 104 13 Util 114 31 L'ti! PAL 53 09 st ....114 114 Va Ir 56 49 50. 50 Virginian Ry 33 5 23 Wabash rig 1st 3a 75.... 39....
20 Wabash 3 88 33 19 194 27 W'abash 58 80 92 Wabash 78 Walker 106 Wawrth 65 68 30 Warner Bros 6g 48.. 90 90 8 Warren Br Ha 41 324 West Pen 3s 4A 117 14 West Shore 48 184 Westch It 67 8, 105 Westn Sid 873, WNYA Pa gen 4943 1081 3 Westn 46 18 114 23 West Un 51 89 14 Do Sa HA 67 13 Do ti7 1 5 48 49 33 Wheel Stl 4A ..10118 3 Wilson Co 4s 50 100 32 Wis Cen 40 Wise El Pow 68 ..1001 Wis Pub Sve 18 Hi1 110 fi Er A 3 Youngst 61 105 104 CV 48 Abitibi 58 53 52 50 Adriatic El $2 67 57 Antwerp 39 56 40 Argentine 4s 72 Feb 8434 84 50 Do Ap 59 Do 18 9.5 44 94 Do 71 55 90 Australia 55 80 Do 58 57 Do 56 7.3 19 Belgium 55 103 A1 11 Belgium 49 00 25 Do 27-57 17 17 Do 1 Do tis 56 90 Brazil 8g 11 20 Brazil Ry El. 32 141, Breda, Ernes is 34 97 Brishane 58 07 66 Do 38 82 82 Buen A 38 34 45 33 Do 4 44 8 ti1 Do Aug 76 63 624 30 Canada 10314 10r 1, 42 Do 60 95 18 Do 31 61 884 85 30 Do 3a 63 Do 39 67 837 83 23 Do 2125 45 928 15 Do 44 931; 2 Chile MIs 124 Do As 62 14 11 Chile rig 60 asd Chile A2 15 Chile tig 63 14 Mun Colomb is 61 Jan 30 Colomb 68 61 Oct 331 324 Copenhag 32 33 0014 18 Cordoba 90 80 Cuba 3 Do 45 $1 Do 44 .....102 103 60 Denmark ds 12 28 Do 30 30 Do 62 23 3 Dom Dom 2nd 3 ext 75 75 Dread 13 13 18 EI Salvador 8s 48ct French 7148 41 10 99 French 74 11 unst 92 14 Ger Gov 56 11 5 Do 612. 66 unat 6 43 Do 40 16 3 Gt Con El 44 90 90 Greek 68 68 pt pd 15. 15 Hungary 7A ext CrCons TA47B 701 AR Ital Pub Util 7:52 48 44 25 Italy 3914 10 JApAn 904 6 Japan 65 64 3 Mendoza 48 12 Milan City 5428 32 1 Minna Ger 58 16 Sou Wales 38 18 25 Norway 63 38 Do 68 casb 62 Do 13 Do 43 cash 82 62 Do 56 Do 36 cash Do AS Do cash Do 83 41 30 Orient Dev 59 57 574 Panama 59 63A 71 70 Peru 68 40 10 Do R.
10 144014 Do A 47. 84 82 Rio da Jan 44 35 Du 618 AM Rio G1 do Sul .1118 Itio Gr do Sul Te 06 10 Rome 64. 12 $1 Sania I'rov 18 84 77 77 11 Sao Paulo Chy 914 Do St 8. 30 11 Do is 40 34 Do St Gia 48 10 Serbs Cta SI Sg 62 13 39 Do IS 63 Shinuetsa 43 A 14 Tokyo City 81 814 61 Tokyo El Lt 5 5, 43 1 Ujigawa El 89 89 Urug aj 30 Uruk 54 53 1 Westph Un ElF 65 53 4 New York Metal Marker 1051 33 17 18 164 1114 1.1 New York, April 9-(AP)-Con Arm; electrolytic spot, Connecti Valley. 11.50: export, f.
8. B. York. 11.50. Tin Arm, spot and no by 17.12½: forward 46.81½.
1. steady. spot, New York 5.00-5.05; St Louis 4.85. Zinc steady. East Louis spot and forward 5.75.
Pig in aluminum, antimony, quicksil platinum, Chinese wolframite and mestic scheelite, unchanged..
