PART FOUR—FINANCIAL AND CLASSIFIED

FINANCIAL AND MARKET t'W t CLASSIFIED ADVERTISING TREND OF WEEK I'V' /Wf I'WvVA'I \\\\ PAGES FOUR TO FOURTEEN

FOURTEEN PAGES._WASHINGTON, D. C., FEBRUARY 26, 1939. Gain Shown Decline Earnings, A. P. Market Averages Big Exports By the Associated Press. Hopkins' Peace Marked Revival NEW YORK. Feb. 25.—Corporate earnings reports issued during the D. week showing profits per common By C. Store While Imports share included: Gesture Brings Of Industrial Year Ended December 31. 1938. 1937.

Bellanca Aircraft .. .99 .69 Sales in Week Increase Briggs & Stratton.2.14 4.25 Stock Due Electric Auto-Lite _ 1.53 3.43 Rally Spending Harbison Walker _ .41 2.17 17.1 Per Cent Increase Favorable U. S. Trade Lone Star Cement.3.18 4.24 Molybdenum Corp. .40 .99 Early Advances of $1 Prospect Brightened Monsanto Chemical. 2.35 4.40 Lifts Volume 10.85 Balance Off To $2 or More Cut Continued Sharply National Distillers _ 3.85 3.86 Despite Above Year From Year North American Aviation- .55 .14 Profit in Ago Ago Parke Davis _-_1.76 1.85 By Taking Lag Activity EDWARD C. STONE. the Associated Press. Quaker Oats. 7.35 4.40 By What Stocks Did. By THOMAS E. FLANAGAN, sales Savannah Sugar .. 2.07 2.88 Sat Frt. Stimulated by many special The Commerce Department re- Associated Press financial Writer. Sterling Products.5.10 5.28 5iivanca» 487 620 events, trade in Washington Declines _ depart- ported yesterday this country sold lid 75 Business plans for spending ment stores during the last week St. Joseph Lead .68 3.64 Unchanged _ 160 lift $34,707,000 more than it United Carbon_... 3.78 5.90 brightened an otherwise In- scored a notable gain of 10.85 per bought Total Issues 757 814 cloudy Western Electric_.95 3,25 cent over the like period a year abroad in January. dustrial scene this week. By FREDERICK GARDNER, ago and registered a still higher totaled Year Ended October 31. Industrial fur- GUEST January, 1939, exports Associated Press Financial Writer. operations slumped increase of 17.1 per cent over the SPEAKER—Paul C. 1938. 1937. $212,908,000, compared with imports NEW YORK, Feb. ther. Declines were posted for steel previous week this year, the De- Sanborn of Boston, who xorote International Harvester 3.00 6.31 25—Heavy of $178,201,000. production, electric power and mo- partment of Commerce reported yes- xxexv life insxiraxicc overnight buying orders in the stock I totalixxg The for terday in a review of business con- exports figure January an- tor output, but carloadings nudged $1,000,000 ixx the 16 market, apparently inspired by ditions in 35 key cities. past years, was $76,155,000 less than the corre- ahead slightly. | other Government-business peace All other reporting cities in the xoill address the District Life sponding month a year ago. I.B. M. Profit Climbs Along the retail trade front small The gesture by of Commerce Fifth Federal Reserve District en- Uxiderxvriters' Association next January import total, on the Secretary gains over a year ago were noted, other increases in retail trade over hand, was $7,512,000 higher Hopkins in his Des Moines I although comparisons with the pre- joyed Tuesday xiooxi at the Willard speech, last year, with the exception of than a year ago. To brought an upward sprint in today's vious week were spotty and unin- Hotel on “Practical Insurance $8,660,033 Mark, Baltimore, where the volume con- Export decreases, the depart- early prices of 1 to more than 2 spiring. Analysts said a lag in the tinued slightly disappointing. In Problems.’’ He is connected ment’s report said, were the result points. Eastern part of the country put a of addition to sales increases. Charles- with the Connecticut Mutual smaller foreign demand for a a Profit-taking quickly stemmed the dent in the Nation's showing. ton. S. C.. that hotel busi- wide range of commodities. Or $10.63 Share rising tide, however, and. For many months businessmen reported and one of the leaders ixx the despite ness in the first three weeks of The value of import trade has late support for steels and motors, have bemoaned the failure of pri- National Association climbed since February was far ahead of last of Life last summer, and in 1938 Total closing quotations were well under vate money to go to work. Recent year. Underwriters. January reached the highest figure Compares their best for the day. weks have found private funds a for month in more little Washington bank clearings were any than a year. With for In the opening purchasing burst bolder in pushing Into new The $8,082,512 better than a year ago. $19,367,483, exports total of $212,908,000, blocks of 1.000 to 5.000 shares enterprise or improvement work. comparing W'ith $17,488,429. Build- which included re-exports, compared Year changed hands with the ticker tape, The week just closed was no ex- l with Preceding ing permits were also considerably Officials $268,829,000 in December, 1938, for the first time in a month, falling ception. Purchasing and with higher, the total of $520,200, includ- $289,063,000 in January a By the Associated Press. a minute behind floor transactions. Corp. to Act. ing $225,000 for an apartment house, year ago. NEW YORK, Feb. 25—Interna- The pace slowed subsequently, but Topping the list of companies with transfers of 783.600 shares comparing $358,400 last year. Less but Decline Is Larger. tional Business Machines Corp. to- compared which will spend money for improve- Optimistic, a Total with 409.110 week and were passenger revenues of the While a decline is customary in ago ments and developments was Texas day reported for 1938 net income of the Capital Transit Co. for the week exports from December to January, largest for any Saturday of the Corp. Dillon. Read & Co., invest- $8,660,033 after for Federal to date. ended Saturday. February 18. "the change this year was much provision year ment bankers, announced the oil See Stable Trend The Associated amounted to $219,133. in comparison larger than the usual seasonal re- taxes estimated at $2,170,000. Press average of company plans to file with the Se- with the lower a of 60 stocks was up .4 of a at curities Commisison figure year ago duction." the report said. This was equal to $10.63 a share point within the nex: the Commerce The 51.2; with the utility again few weeks $211,556. report stated. Advance Held decline in exports of crude on the capital stock and compared composite ^a registration statemer. Buying into new high since for a new The Commerce review says that materials has been a principal fac- with net income of $8 082.512. equal edging territory issue of $40,000,000 deben- trade in the South was extra tor in 1937. On the week the tures. good. Unwise; Inventories cutting the value of total ex- to $9 92 a share in 1937 when com- September, Atlanta a of 19 average for 60 issues was ahead .5 The securities having gain per cent. ports in recent months, compared puted on the present number of will represent one The Mardi Gras celebration in New Reduced Further with of a of the first new the corresponding months a shares, or $10.42 a share based on point. capital borrowings Orleans brought 50.000 visitors, year ago, the report asserted. the number of shares outstanding New Evidence Awaited. in recent months. Most recent ap- the movement of By the Associated Press. In to the greatly stimulating January, exports of this group in that year. Tire fact the market lost some of proaches capital market have: consumer goods. NEW YORK. Feb. 25.—The men totaled its stamina been for issues. Finan- $36,391,000, compared with Colorado Fuel & Iron. rising before the finish refunding D. C. Store Collections who decide how much raw material $67,925,000 in of the short session was to cial and business analysts noted, Lag. January. 1938. The Colorado Fuel inns runup by January, 640.000 bushels of wheat and wheat Weighed factional and a guest list of over since 1903, and there is one 1939, and Burlineton $27,262 $6S I .min* ited to optimistic anticipation of Huge Refunding dispute of the United Auto Mayflower, only 1938, respectively); Ch’K0 A N. to the American other Wast'n 214.74?* 770.7ns* what products Red Cross Workers’ Union 600 is anticipated. manager now active in the Unmanufactured Great Northern no,2Rn* 406.583* Secretary Hopkins would say at the Plymouth cotton. $14,975,- and other American relief agencies service out over Southern Ry._ 1.362.284 278.423 on of Power plant this week.” of 850 who has been 000 and • top Secretary Morgenthau's Heard in Financial District. $34,615,000; tobacco, un- Deficit. for to and China. By Pennsylvania awarded disclosure no heavier export Spain Other industrial William Gordon Buchanan will the trophy twice. Mr. Sac- manufactured, $8,475,000 and $16,- taxes were con- By the Associated Press. statistics issued cardi is the this and during the week address District of Columbia Con- only manager who has 315,000; logs and hewn timber, $280,- templated year the Presi- NEW YORK, Feb. 25.—Rumors included: achieved this distinction below the 000 and dent's previous friendly nod to busi- The American Iron and Steel In- trol, Controllers Institute of Am- $329,000; wheat. $6,580,000 Lone Star Cement Wheat Estimate were current in Wall Street bond Mason-Dixon line. ness. Crop stitute estimated steel erica. at the February meeting Tues- and $8,977,000; corn, $4,383,000 and circles today that the Pennsylvania production at In 1938 he 53.7 per cent of at the Carlton Hotel. had ordinary life in- $9,525,000: vegetables, fresh and Earns Raised in