davidaulloa/AmericanStories huggingface dataset:
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1947-05-09

MIR. and Mrs. James Richey, who
formerly lived at l407 Third st. s.,
are now at home at 1908 Fifth
Ave. s.
The Matinee Bridge club met
Tuesday afternoon, May Q, with
Mrs. Earl Weber, ITO Carroll Ave.
Guests present were Mines. Samuel
johnson, Harry s. Brown and
Leonard Davis, who won first guest
prize. Club prizes were won by:
first, Mrs. William A. Hanna; sec
ond, Mrs. NJ. J. Rhodes, and third,
Mrs. Fred Schuck. The next meet
ing will be with Mrs. AlonEo Cot
ton, 963 St Anthony Ave.
Fishing; MeGsrs. Joe Sykes, Carl
Claiborne and James Kirk, ST., left
by motor Wednesday morning on
a fishing trip TO Wisconsin.
Celebrates Birthday; Mrs. Cor.
don Kirk, OIL IglehArt Ave-, OBJ
served her birthday, Saturday. May
3, with n dinner Sunday, May 4,
at her home.
Breakfast: Mr.. and Mrs. c. Il.
Ball, 34S N. Dale St., entertained
Mrs. Charlene Davis at breakfast
Tuesday, May o. before her de-
parture for Kansas City. where
she plans to spend several days
visiting her family.
T. J. Starks. 7lI Carroll Ave.
Is very III at the home Of his
daughter, Mrs. Homer Anderson,
with whom he resides. He suffered
q bad fall q few weeks ago and
has not fully recovered from the
effects. Another daughter, Mrs.
Grace Mason, lives at 400 4. seth
St., Minneapolis.
The ST. Paul Ladies' Auxiliary Of
the Brotherhood Of Sleeping Car
Porters held a membership tea at
the home Of Mrs. W. NJ. Black,
792 Central Ave, Sunday after
noon, May I. Principal speaker was
Mrs. Harriet Jones, q member Of
the Minneapolis auxiliary. Mr..
Frank Boyd. Secretary-treasurer Of
the Twin City division Of Sleeping
Car Porters, and Mr.. Lonnie Lev
erette, president, also spoke. Piano
selections were played by Robert
Bobby Coz. Mrs. Alice Mayss
was chairman. Mrs. Ella Archer
is president Of the st. Paul auxil.
larry.
New Baby Girl: A brand new
baby girl was born this week 10
Mr.. and Mrs. X. II. Bowser, $50
st. Anthony Ave.
Mrs. Elaine Childress. ss7 Al.
drich Ave. ~, has been III at her
home for the past several weeks.
The Missionary Society Of 81.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1947-05-09
The Booker T. Washington Study

The Booker T. Washington Study
club met Tuesday, May 6, at the
home Of Mrs. R. J. Willis, 1914
18th Ave. S. A report was given
on the success Of the May tea given
recently. Members present at the
meeting were Mines. Matte Dear
ing, Matte Owens, Helen Grever,
Jennie Hall, Mae Jones, president,
Mary Alice Smith, secretary, and
Ethel Stevens. The next meeting
will be held Tuesday, May 20, at
the home Of Mrs. Florence johnson,
$500 Clinton.
Mrs. Mary BrittOn. 1889 Fifth
Ave. s., who fell and suffered a
broken hip several weeks ago, re-
portedly has not shown much i'm
provement since the accident. Mrs.
Britton's sister, Mrs. Effie LaMond
Of Indianapolis, who was called
here to be with her sister during
her illness, has remained in Mime
apolis and spends the greater por-
ton Of her time at Mrs. Britton's
bedside at Minneapolis General
hospital.
Mrs. Ida Jackson Of Chicago who
has spent several weeks here Wis
iting at the home Of her brother
in-law and sister, Mr.. and Mrs.
Harold Combs, PASS Fourth Ave.
s., left last week lend for her home.
Mrs. LOurraine Chivers, soprano,
40l7 Clinton Ave, accompanied by
her daughter, Constance, sang at
the Townsend Spring Festival,
given by the Townsend club at 7O3
Third Ave. s.. Sunday afternoon,
May 4. Mayor Hubert H. Humphrey
was the principal speaker on the
program.
Mrs. Arlene Hayden Of Kansas
City, Mo-, sister Of Mrs. Brit
Smith, 1924 Fourth Ave. s., came
to Minneapolis Monday, May s, TO
spend n week at the Smiths home.
On Tuesday evening Mr.. and Mrs.
Smith and their guest were enter
tanned by Mr.. and Mrs. Clarence
Smith, 1915 Clinton Ave.
Mr.. James SissOn, Chicago club
proprietor, arrived by plane Tues
day, May 6, to spend a week at his
home here, 2l0 Irving Ave. N, with
his wife, Mrs. Geraldine Sisson.
Mrs. Sally Love. 1918 Fourth 81.
s., church mother at the SSth St,
Congregational church, is improv-
ing slowly at home, having been
III for, several weeks. Mrs. Loves
son, Mr.. Albert MasSengale Of
Knoxville, Tenn, is at her bedside.
Mr.. George Hanks, 3Sl9 Clinton
Ave-, was removed to Minneapolis
General hospital, Wednesday morn
ing. May 7, seriously i'll.
Mrs. William Burrell, IS HOag
Ave, entertained for Mrs. Lila
Lyle Of Philadelphia, last Wednes-
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1947-05-09

day, April 80. Mrs. Lyle left Tues
day, May 6, for her home after
spending two weeks here at the
bedside of her sister-in-law, Mrs.
Claude Lyle, log Hyland Ave. n.
Mrs l. B. Vaughn. 2slO Tenth
Ave. s., was hostess at dinner Sun
day, May I. Her guests were Mr..
and Mrs. Mason Lewis, Mrs. Mary
MCGOWAN and Mrs. A. Burress.
Carolyn Frances Smith. daueh.
ter Of Mr.. and Mrs. Clarence Smith,
1918 Clinton Ave, celebrated her
fifth birthday, Tuesday, May 8. She
was hostess, at lunch and the the
alter, TO her little friend, Rosalind
Carter, daughter Of Mr.. and Mrs.
John Carter.
Mr.. and Mrs. Riley Gilchrist.
S7l2 Fifth Ave. s., entertained a
few friends informally, Saturday,
May 3, at their home. Games were
played during the evening. A mid
night supper was served. Guests
included Messrs. and Mines. Col
ridge Hendon, John Hutchinson,
John Freeze and Alozo Ellis.
The NeighbOrhOOd Bridge club
met Tuesday, May s, at the home
Of Mrs. Matthew Evans, 3740
Fifth Ave. S. Prizes were won by
Mrs. Donald Brady, first; Mrs.
Palmer Jackson, second; Mrs. o. l..
Alexander, third. Other members
present were Mines. Helen Curry,
DIN Wells, Charles Noble, Edward
Boyd, John Shepard, Tom Carroll
and Mrs. Allah Jones and Mrs.
Eugene Shepherd, who substituted
for absent members. Mrs. Jackson
will be hostess at the next meeting,
May 10.
Blue Monday club members met
at the home of Mr.. and Mrs. Vim
cent Shepherd, S749 Fourth Ave.
s., Monday, April %. Mrs. elaine
Mayes was a guest. Mrs. Beulah
Cohron became u member Of the
club. The next meeting will be held
Monday, May ~, at the home Of
Mr.. and Mrs. James Bobo, 80 Hy-
land.
The E.E.B.P. Club met Tuesday.
May 6, at the home Of Mrs. Ben
Cassius, $500 Fourth Ave. S. Prizes
were won by Mesdames Bert Da-
vison. first; Sam Harris, second;
and Ben Cassius, third. The next
meeting will be held with Mrs. Bert
Dawson, 1928 Fourth Ave. s., Tues
day, May 20.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1947-05-09

Hubert II. Humphrey, Mime
apOlis mayor. will be the principal
speaker at the annual memorial
day service at Pilgrim Baptist
church. 81, Paul, Sunday, June l,
at 8 p. N.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1947-05-09
Elect
ErnestG.
Anderson
Municip0l Iud0e

Born. ruised and educated in
Minneapolis Groduute N. w.
College OF Law ond George
town University. Member Hen
nepin County and Stote Bdr
Association. Georgetown Alum
nj and Gold Stur WU Kin OF
America.
Prepared and inserted By T q IndsrSon.
SOS Andrus Bldg tor which regular rate
has been pdid
2424 18th Ave So. In his own behalf Pdid
Evening star., 1947-03-20
Scattered Stocks Up,
But Many Leaders
Decline Further
BY Victor Eubonk
Associated Press Finoneiol Writer

NEW YORK. Mar. 20-A few
stocks exhibited quiet strength in
today's market while many leaders
stumbled over light selling.
Slightly irregular tendencies ruled
at a fairly busy opening. Volume
dwindled as prices began to waver
Declines Of fractions to point or
so predominated near the fourth
hour.
Lack of any enthusiasm on the
three session recovery inspired a
certain amount of offerings. Ap-
prehension over steel, motor and
telephone wage issues, with a strike
crisis approaching in the rubber
industry, helped chill bullish con-
tingents. The foreign situation and
business doubts provided a caution
ary argument Dividends, earnings
and hopes for a further technical
comeback propped scattered favor
ties.
Backward were Norfolk q West
ern, Santa Fe, Southern Railway,
Great Northern Railroad, United
States Steel, Bethlehem, Republic
Steel, General Motors, Chrysler,
United States Rubber, Montgomery
Ward, American Telephone, Cerro
de Pasco, Deere and North Ameri-
can.
A jump in net aided Publicker
and Pfizer, Worthington Pump was
buoyed by 10 per cent stock divi-
dend. Pennsylvania Central Air
lines weakened when directors took
no action on bond interest due
April l. Columbia Gas was active
on talked Of raised quarterly pay
ment.
Evening star., 1947-03-20
Chicago Grain

CHICAGO, Mar, 20 tN.-Old- d-crop wheat
futures dlsplayed pronounced weakness.
May dropping the l0-cent limit at one
time. in chaotic market on the Board
" Trade today.
An avalanche Of selling hit the wheat
market shortly before moon and prices
broke sharply under this liquidation.
However. the decline attracted new buying
and prices rallied RAPIDLY from their lows
Price changes during this period
amounted to as much as cent difference
between trades. MAY wheat moved over
a 6-cent range within 5 minutes.
Throushout the session, all corn con-
trects and new-crop wheat deliveries
showed resistance to the selling For
most of the session. they were above the
preceding close. Corn encountered buying
attributed to houses with exnort interests
At noon wheat was Il to 5a4 cents lower
March 2.7212; corn was / cent higher tc
u lower. March ] IS, and oats Ia lower
to % higher. March goh.
Cash wheat was sharply lower at Mime
apolis, while the March wheat delivery al
Kansas City was quoted nominally 10 cents
lower
Evening star., 1947-03-20
Chicago Livestock

salable hogs, 5000; tot al 5000; two-wa
market; weights under $50 pounds
higher; weights go pounds and over,
slow. steady to % cents lower; some bids
on hog. 300 pounds and over $3.50 cents
lower: sows. steady to % cents lower; top,
% 90; bulk, good and choice. 1so-25o
q. 25-21 50; few sales, 2s0-330 pounds.
90 50-27 90; but most hogs, $50 pounds
and oy.r. still unsold; good and choice
salabe cattle. $1,000 total. 5000;
salabe calves. 500; total, 500 slaughter
steers, yearlings and heifers. slow. mostly
1850 cents lower; beef cows and bulls
weak to % cents lower; Gamer and cutter
cows about steady; load strictly choice,
1875 pounds. Illinois fed steers topped
at 900; most good and choice steers and
medium grades, 17,nO2l.75 choice fed
heifers held above $500; medium and good
heifers. ls.00-23 90: medium and good
beef cows, 13.50-16 so; few. 100: can
ners and cutters, 1o.15-l2.50; practical top
good beef cows. 13 so 80. few. II 90;
Gamers and cutters. l0.75-l2 50; Erac-
tical top good weighty sausage bulls. 16 -:
vealers opened 80 cents lower. now fully
90 lower at $500 down; stock cattle,
slow and weak.
Salabie sheep. 5000: total 5000; not
esta ablished bidding. 5o-75 cents lower on
slaughter lambs; good and choice fed
wooled lambs bid 23.O0-2325; asking
around steady or up to 1915 for best;
other classes. scarce
Evening star., 1947-03-20
Bell Tells Bankers
ills Good for Millions
To Share Public Debt
By Edword c. Stone

Savings Bonds continue 10 De an
important instrument in public debt
management and 1t Is good thing
for tens of millions of Americans to
own part of this debt directly, thus
insuring continued interest in the
management Of the country's
finances, Daniel w. Bell, president
of the American Security 81 Trust
Co.. declared at Columbia, Mo, last
night.
Speaking on Management Of the
Public Debt" the former Undersec-
retary of the Treasury told Missouri
bankers that a figure OF $3.50, ,00O,-
ooo, 900 is hard to grasp, but is easier
to understand when broken into
segments represented by various in
vestor classes.
individuals, for example, own $64,-
OOO, 100000 of the debt, insurance
companies s25,OOO, ,0O0, 600, savings
banks $4,000, ,o00,0 and CONNER
cial banks $4,000 100000. Today
these Federal securities are fire.
quently the most important asset
item in financial statements, which
places a tremendous responsibility
On the Treasury and Federal Re-
serve System, Mr.. Bell said.
Interest in the Federal debt today
is a figure around $4,000, ,000, 600 a
year, more than the cost Of the
entire Federal Government not
many years ago. In the budget esti-
mates for the fiscal year 1948, inter-
est is the third largest item, ex-
ceeded only by national defense and
veterans programs.
The Treasury's policy in debt man.
seement, Mr. Bell continued, Is to
fit securities to the investors needs
so far as possible-to sell long
term securities to long term inves-
tors and short-terms to short-term
investors, with market risk taken
out Of securities designed for the
mass market. 1t doesn't make sense
to push individuals into 90-day bills
or banks into 25-year bonds.
In present boom times the policy
should be to reduce the debt, espe-
cially that owned by commercial
banks. BY the end of 1916, the debt
had been reduced by s20,50O, 900, 900
from its peak, with $4,000, 100000
reflected in a curtailment of bank
holdings.
In conclusion, Mr.. Bell said he
could see no reason to worry unduly
about the public debt. Not that it
doesn't have to be watched. but it
can be managed satisfactorily even
II st is large. The main factor in
this is the alertness of Treasury Off
cials to changing conditions.
d. c. Bank Adds to Surplus.
Directors of the Security Savings
81 Commercial Bank have increased
surplus to S65oo00 by transfer of
s25 900 from undivided profits. Fran
els G. Addison, jr., announced today.
This transfer, together with the in
crease made through the sale of
stock on February H. 1947. has lifted
surplus from s50o,00o to the present
figure.
The directors also declared di-
vidend of per cent on the in
creased number of shares, payable
March 81 to stockholders of record
March 25
The Manufacturers Credit Corp,
1877 H street has voted the regular
quarterly dividend on the 81 pre-
ferred, payable March 81 to stock of
record March 25.
Evening star., 1947-03-20
Dividends Announced

NEW YORK, Mar. 20 P.-Divdends
declared:
Pc Stock of Pay
Rate. riod. record. able
Evening star., 1947-03-20
Market AVERAGES
New York Cotton

NEW YORK. Mar 90 R.-Cotton fu.
trading today
Selling was encouraged by the better
than expected census report placing gin
running bales. This was about 200, ,OOO
bales larger than traders had Anticipated
The lull in textile sales and uncertainty
over the size of cotton paintings next year
and export prospects had an unsettling
effect
Prices at one time showed losses of
almost 90 a bale, but later improved on
mill buying and short coverine
Late afternoon prices were 25 to &c
cents a bale lower than the previous close
May, 34.4l: July, $3.50, and October,
293S.
Evening star., 1947-03-20

MSPSSM IS al s.
MKT LIST 4sa0 67M
Mo Pac 5as 40 IS
Mo Pac IS II r 7714
Mo Pac gn As rs BOA
Mor&E3 l2s2000 57iA
N o GrtNo 5s S3lo2i.4
n o l NJ 5haS54 o5h
NYC rf 5s oOl3 65l4
NYC 4las2013A IS
N Y Coon As 9s 72M
.NYCHR 3las 81 91A
.NYC&SI3t4sS0 96,4
NY Conn297ss15 1ooi4
HYNII&H IS As <2M
.YNER.if Is sR 50
NYNH&H4 fas67 3oA
.YNH&H IS 81 Bra
NYNH&H As 81 l65s
JYOW ri 4saa l0A
NoStaPwr"a415 1o3b
ohio Ed 23s4s Is lo2
Okl GRE os4s15lols4
Pac G&E rs "a 1o7A
PennCtAir3has6o 53A
oennRR Kn5SHS 116
PennRR 3l.s52 1914
aennRR 3las s5 96i1
sereMar 3sasSO lo2
philipn Ry 4s37 IL |
pCCStL 3aas .5 1ooLa
RioGrWest 4s49 81
StLSF 4 i2s2O22 5o'A |
StLSa nFrn4s97 86A
stLSoWest 5s52 s6ia
stLSW RI $3.50 IS
Socony-V2 Ias1G 100
Pacific4 i2sSl s6 |
SoPac4iasOr7z 1o1
So Ry gn 4s SO 1o1A
SWBeHTl224sS5 lo23A
StdOilNJ23ss7l Ss3A
rex&Pac3asS6 1o4
Third Ave IS 50 64
Third Ave As 60 100
Tri Cont 2bs6l 1oliA
On Pac gas 70 1904
U s Rub 2sas 76 1ooM
UnivPict 3a4s5a 1o2
Wabash 4As 81 66lA
West Sh As 1851 66
WsPac4 Eas2OI4 lo2A
West Un 5s so 63
West On 4las5n 87it7
3As701o5L4
Wise Cent As 40 81
Evening star., 1947-03-20

Strawbridge &, Cloth CSC As 81
Knapp Monarch. new SC 3-24 3-31
Resumed
Ford Mo Of Ca A Il B .5c -- 800 4-19
Leland Electric &c 3-24 Al
One share Of common stock for each
10 shares held.
Conde Mast Publishing Co. earned
s3.515.926 or $3.50 in 1916 VS.. ST.
434,58 o. S1.43 in the previous year.
Evening star., 1947-03-20
Business Briefs

bdI1h elcdFIUSS III 81 lCdtIlS
cities totaled Sl3,876. .695 900 in the
week ended March 10. a jump of
1897 from the previous week and
6.2s above a year ago-Dun Il
Bradstreet. The sharp rise was at
tributed to income tax and other
payments.
Automobile Production in the
United States and Canada will total
1OS $50 units this week VS.. 03,525
last week-Automotive News.
Freight Loadings in the week end
Ing March Is totaled 841 ,147 cars, a
gain of 4.4oo from the previous week
ard52er above year ago.-Assocl-
alton Of American Railroads.
Life Insurance Sales in February
totaled s1.718 .329.0 900, gain of 1870
from a year ago-Life Insurance
Agency Management Association.
Sales gains included: Ordinary life,
81: industrial life, 14%; group life,
1867.
Higher Brokerage Fees will be rec
commended to the New York Stock
Exchange by the Association OF
Stock Exchange Firms "to compen-
safe member firms for increased
costs" An increase of about $50 is
desired with rates based on money
involved rather than on number OF
shares.
Worthington Pump e. Machinery
Corp. declared common stock dlvl-
dend of one share for each 10 held
and a cash dividend of so cents,
both payable June 20.
MacAndrews & Forbes Co. de-
clared a dividend of so cents
share, payable April Is. 1t paid
IS cents for three 1916 quarters
and $1l5 in December.
Socony Vacuum Oil Co. earned
s58.310,569 or s187 share in 1946
VS.. s42,30l ,9S3 or s1.36 in the pre-
vious year.
International Nickel Co. Of Can
ada, Ltd, reported a profit of s29,-
69l. 1852 or 81 go in 1916 VS.. $25 ,010,-
e38 or ST SO in 1915.
Publicker Industries, Inc, earned
500. .980,164 or $11.75 in 1946 VS.. s4,-
O20.139 or So in the previous year.
Phillips Petroleum Co. profit for
1916 was S22,625.151 or $3.50 VS.
s22.571 5o9 or s459 in 1945 when
large nonrecurring profits from sale
of properties were included.
Bond Stores, Inc, earned s10,-
o20525 or s591 in 1946 VS.. 5000 $40
or s1.85 In the previous year.
Timken Roller Bearing Co. prof1t
for 1s46 was $5.5o2,5l8 or S2.27 VS..
s5.37e.511 or s222 in 1945.
Carborundum Co. earned $685.
726 or $5.04 in 1916 VS.. $1.571 POT or
5000 in the previous year.
Charles Pfizer e. Co. profit for
le46 was Sl0.61S.673 or Silt VS.. ST.
s53,109 or "a cents in 1945.
Detroit Edison Co. earned $10,-
e99. $50 or $173 in u months ended
February % VS.. s7.973,350 or SIPS
in the previous year.
Minnesota Mining & Mfg. Co. net
for 1916 was S9,921 pa or $508 VS.
S3649 342 or s187 in 1945.
Wheeling Steel Corp. earned S.
S72.9l0 or S6.25 in 1916 VS.. $780,
252 or $3.75 in the previous year.
Nj. LowenStein g. Sons, Inc, profit
for 1916 was $780,. .440 or $3.50, be.
fore a s2,0oO,000 appropriation fol
reserves, VS.. $1,764 ,504 or $1.58 ir
1945.
Mccall Corp. earned $3722, SIT OF
s7.12 in 1946 VS.. $1.846 ,052 or $35a
in the previous year.
REQ Motors. Inc, profit for 1916
was s3.555,837 or s7.37 VS.. 1881 1881
or SAIL in 1915.
Evening star., 1947-03-20

TREASURY 2::30
gas z.-67 Dec lob 9
FOREIGN 2:3a
Antwerp IS So 1ooM
Chile 6sJankl q 24sh
ChineGvRy5s5l l5ik
Colombia IS 10 6ois
Denmk bias 81 lool4
panam 5s63A ST 1o1
DOMESTIC gao
Ala Ct So3X s67 1904
Am&F P 5s2030 lo8
Am T&T2aas 6I 1lA2s
an T&T "a.s75 1c1ls
AmT&T 2a4s so 1oOsis
AMI obacco3s6a lo4M
arSF As IS l5l
500 ID r s.
3 & Q cv 90 46;4
B q o Is 4S 99N
$50 SoWsn so 70
Beth Stl 22s4s 10lC3
Can Pac As perp lo3iA
Caro- C&O As 65 1oSiA
Cent Ga IS SOC. 14is
C r r N J 5s 81 36ia
Cail&L4Ha2003 As
ChiI&L inc4sS3 6As1
CMStP4 L2s2044 50
Chi&NW 4Ias99 77M
TRIP <LaS b2 A S3A.
GRIP Alas 60 20
c r l P As SS 75iz
GRIP rf As "a 5olS.
Chi StLNO 5s5I los
Chi&W 1 IS 81 1o8
Gin GEE 2&.sT5lo4lhI
CCCStL 4las ~ 7Slhl
CievUnTr4las771o5M
Den&R G As 80 6ol4I
Dn&RGWs 5s55 5
Dn&RGW5s55a 4I4I
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GenRe&Ut 1859 80
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GrnB&W deb B Q
ICCStLou5s63a 95
Int G N st6s52 So
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Jons&Lc 3A4s61 LOB
I.eh VIC 5s 81 st 1ol
why 4las5u 7olAl
LehVal41as20O3 4llAI
Mich CG 315s6n l1o1e
Evening star., 1947-03-20
THE EVENING STAR, Washington, D. C**'A-25


Knapp Monarch Co. earned ST.
644,787 in 1916 VS.. s270,4o9 in the
previous year.
Wayne Knitting Mills profit. for
1916 was $1,072,90l VS.. s444, ,525 in
1945.
Evening star., 1947-03-20

Hourly Sales on the Exchange Today:
HOO am. lao 600 1900 noon 26o 600
I:OOp,m.. $50 900 2:UOpm 46o 900
tUnit of trading. 10 shares. "1n bank
ruptcy or receivership. or being reorganized
under the Bankruptcy Act, or securities
assumed by such companies. Rates OF
dividends in the foregoing table are annual
disbursements based on the last quarterly
or semiannual declaration. Unless other
wise noted. special or extra dividends are
Also extra or extras. Plus stock divi-
dend d Cash or. stock e. Paid last year.
{ Payable in stock. & Declared or paid 50
far this year Payable in Canadian
funds. Accumulated dividends paid or
declared this year
Evening star., 1947-03-20
N. Y. Bond Market
Furnished by the Associated Press.)

I SELECTED LIST OF ISSUES.
TREASURY 2:30i iMSPSSM IS al So
r>e lnH q Ia o,tE
Evening star., 1947-03-20
PEA Takes No Action
On Debenture Interest
Because Of Deficit
" By the Associated Press

NEW YORK, Mar. 20.-Directors
of Pennsylvania Central Airlines
took no action yesterday on inter-
est on the lines 3ia per cent con-
vertible income debentures, ordinar-
ilv paid April l.
r. C. tochiel, Pea treasurer, said
decision was made since the 1916
financial data showed a $2.550. 900
deficit, rather than any net income.
He said s9,850,000 of the 15-year
debentures are outstanding.
Following the announcement the
bonds dropped on the New York
Stock Exchange to new 1947 low
of $5l5 per sl00 par value bond.
down s625 from Wednesdays clos
ing price. After the debentures were
issued in 1945 they established
high of $132. but dipped to a low
of $54 during 1916.
Initial reaction to the news sent
Pea common stock down nearly 50
to price of sl1 share.
Evening star., 1947-03-20
Odd-Lot Declines

Securities l. Exchange Commission re-
pcrted today these transactions By Gus
TONERS with odd-lot dealers or specialists
March 10 s,aTa rurcheses, iaTolvins
11O.s77 shares: $3.50 sales, involving 90
Q95 shares including ~ short sales, in.
vrlvins 1,555 shares,
Evening star., 1947-03-20

McCord cp 20e sAIWentwrthMfgHs 7A
Rates Of dividends in the FOREGOING
the last ouarterly op semiannuai easee deeisa
ration. Unless otherwise motel special
or. extra dividends are not included
dend d Cash or stock e Pad last year.
Payable in stock, q Declared or paid
so far this year. h PAYABLE in Canadian
funds. Accumulated dividends paid
or declared THIS year. New issue.
WV With warrants XIV without warrants