Evening Star Newspaper, July 20, 1932, Page 10

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FINANCIAL | STOCKS GO HIGHER INSTEADY MARKET Prediction of Better Railway Traffic Proves Aid to Vilson & Co (A). Market. Woolworth (2.40) A—10 THE EVENING WEDNESDAY, 1932. CAPITAL TRACTION TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE \ Daylight 'sed in All Market Editions. [~ Prev.1932 Stockand Sales— Net. | —Prev. Stock and Sales— Net. | —Prev.1932— Stockand Sales— Net. | R[PUR.I-S BIG I_USS[ ,.-,:\".'513"5'""‘5.3;'3'“" ¥ Bales— Net. | High. Low. Dividend Rate. Add 00. High. Low. Close. Chze | Hich. " Dividend Rate. Low. Close. Ch {xmn Low. Dividend Rate. Acd 00. i Bl St Dititend Rate, Add 00. High. Low.Close. Chge. | 19 7's Hahn Dept Storespt. 18 1215 1l 1213 +113 104 Unit Fruit (2). 16% 17+ | 110% West Pa Pwr pf (6).. 208 B33 31 £33 160 s 3 2% 2 24 70 33 Hannapf (7)... B0s 38 38 38 +1 9% Unit Gas&Im(1 & 1% 13% + % 7% 1'3 Western Maryland. . E 3 E o v g 5 2 710 9% 10 + % 3% Hawalian Pineapple.. a4 4%+ % 8 US&hom: 31 81 | sg“- stern Paciic pt. % 2 5 20 354 34% 3% +1% % 7% llolland Furnace (1). 2 Th _Th Th ; 8 5 + stern Unfon. .. 5 53 Net Income for Six Months Alaska Juneau (50¢). 198 10 104 11 41 110 * Homestake Min (9)..x 6 125 124% 124% 42| 31 75 Indus Alcohol 16% W 170 Weating'se Atr B (1) Alleghany Corp. Wt % 8% Houston Ofl. ... 2 12% 124 12% +1 " » ~atinghouse Elec Shrinks $202.101, State- iite Motor ment Shows. FEF FINANCIAL. STAR, WASHINGTON, D. ¢ JULY. 20, Allez Cp pf $30 w 1y 1% 1%+ % Houston Oil (new).., 20 2% 2% + % Alleg Cp pf $40 w° 1 71 1 11% 2% Hudson Motor Car. 1 6 3 Allica Chem & D, (s)A 3 4T% 46% 47% +1% | _ 6% 11s Hupp Motors asi "2 Allied Chem pf (7). 107 107 107+ %| 7§ 4%, Illinols Central 4 B USRI 5 5 o “" vereee + 42 1 i " The street operating rever & duction i L4+ |+ TRENDS AND PROSPECTS OF LEADING ORGANIZATION:! Baltimore Markets ers Have Been Liquidated, Says General Manager. NEW YORK, July 20.—The follow- ing is today’s summary of important | Special Dispatch to The Star. | corporation news prepared by Star BALTIMORE, Md.. July 20—White | ard Statistics Co., Inc., New York, for | potatoes, old, 100 pounds, 80a1.00; new, | By the Associated Press. the Ascociated Press barrel, 1.60a2.00; sweet potatoes, bushel, CHICAGO, July 20—The National 40a75; yams, barrel, 1.00a1.25; aspara- | Corn Credit Corporation approaches the gus, dozen, 50a1.75; beans, bushel, 40a | end of its farmer-aid project with a General Motors Corp.—Chevrolet July | 50." peets, per 100 pounds. 1.00a150; | “very satisfactory” outlook fcr comin output schedule stepped up from 25.000 | cabbage, bushel, 50a75; carrots, per 100 | out even or ahead, says its general ma 10 30.000 cars, sunds, 1.50a3.00; cucumbers, bushel, ager, Harry Laird. Locw's Ine pf (6 Studebaker Corp.—June retail de- bigsg: lants, | Formed 1ast Winter to fulfill ¥ Loft Inc. . 5 . cars up 185 per cemt crare,’ 1 tion of rural banks when the latter Loose-W 31 2 + cnions, per 100 pounds, 1.00a1.59; . peared unable to give adequate cut down over $27,00 rin Woolen pf 9 Lorillard (P) (1 Mo+ b B“,m.,,‘_ Real Estate and Related Lines, busbel, 1.00a1.75; peppers. bushel l’)()a the farmer, the corporation made 2.153 be! B ompare i ‘Anaconda Copper. k 7'y Loulsville & Nash . Minneapolis — Honeywell Regulator | 1-50; spinach, hel, 50a75; squash, loans cn home-stored corn to farmers in appeared 14111, 8 os are bas rev Anchor Cap (1.20) .. N T3 Melntyre ore 17 .. i st it 12 anonths 30a50: cantaloupes, crate, 75a | 72 counties of Illinols and Iowa e v Ay ba Tile thagihic on there has been a cut er $10,000 in } g5 Armour of Del pf(7 210 42 2 621 28 McKeesport T P (4). eI ne 308 $2 005 - : {omatoes, hamper, 60a90; apples, | The loans, contracted between last which to found optimism, but con- Alpha Port Cement 6 5% 5 +1% 15% 1llinots Cent 11 (4) 2 23 2 4 A 7 281 W = U 5 o 5 91 57 254 Wrigiey (Wm) (3). e e 1 - 4 Sh&R(60c) 8 W T -4 C:o for the first \ m onths of the pres Am Brake Sh&l"(60c) % T = %] 1% 94 Interboro Rap Trans. 6l 115 Util Pwr & Lt (A) 2 4% Zonite Products(6oc) 2 5 news, stocks registered moderate ad. A% % + % . 18% Int Cement... o tes as given In the above tables are the annua e of $361.202.24, Am & Foreign Pwr... 3 3% 3w :V‘ 3 Int Nickel of Can.. ash pf (B)...... 7 . | 4% 10 stock. aPalg this year—no regular rate. b Payabie in Otherwise the foreign dispatches had no Am Haw St'ship (1).. 3 24% T Int Silver. B 2cHp Bdivigena, meeting in_this gave out a stat eting s city, gave out a state- " months AmLa om pf.. e 18 a0 irie | with seven leading air transport lines | s GHT 0 T 00 ably. HAS BRI UTLOOK| “*8:e eatuence that opersted 1o ere- Soal. dediic bonden lndehtad | 38 3 Am News (11 1408 : I , usual ceductions for bonded indebted: . s freight by air. the prediction of better railway traffic year of more tha Zun ol e jiLEie SI0BRIcoRRrGrocery (1) for expcting larger shipments and bet- A Snut (f5 ) 18 5 Lehigh Valley R R. .. in the way of new cconomy Automobiles and Trucks. g off in General Elec- Allis-Chalmers M£g. % B B% + W wh 3 1% h ’ e .26|a 10 Illinois Central pf 10 21 14 Stee % o LY Worthington Pump 24 | A, BY EDWARD C. STONE. e s Sw S 1S% T 3| 3 16 ingersoll Rana ()1 5 s 3 United Stores ¢ o Yetlow Truck Tim = Net income of the Capital Traction ‘Am Bank Note pf (3) 1208 33 33 +b 8 3% Ing'sharesDel abiic, Univ Fic 1st pE (8) 4 Younzstown Sh&Tu. NEW \X:ORK‘OTJTII}S W—Putting 4 - , July 20.—Putting the vear. G E . - L 5L, 31| 4% (1% Inteniakeron. o - 2 e i aas best possible construction on the day’ I W : S 5] (R e el 5% : e o S | = . > E y i 1:30 P.M. 400,000 10 P.M. 500,000 vances today, closing at the best. npan, m Car & Fdy pf ( 1 19% — " ‘a-Ca % s Vews W r ccmpany _reported RERlT Tl S, 1%l 20 10% Int Harvester (180). 13 Va-Car Chem 7% pf. ) " cash payments based on' the latest quarterly or Lalf-yearly Gecla: | 1n¢ Prusian News was reflected in in th x months AmChicle ( 4 . 11% Int Hydro-Elec (A).. « Vulcan Detinning. ... “ | rations weakness in German dollar bonds, but compariscn with Am Encaustic Tiling. y 1% Int Merchant Marine. 5Unit of trading less than 100 shares. tPertly extra. Plus 4 ¢ & 1 GO akiE : i e k. e Payable in cash or stock. {Plus 8% in stock. h Plus 2'» effect on the Al : - Shile B alled for Am&Forgn Pw pf(7). 8% 8% 281 Int Salt (135) .. rd Raking (1) 1 1 £ 36| stocks € Exgal SEIC e e American markets. Rail $1.35 1st $1.470.757.88, a re T4 2% Am & For Pwr 2d pf. 5 13 i 1“ alt (1%) rn Bros Pictures 3 R o T e 5% 15 stock " b Payans | Foad stocks shared in the general im- 135 3 2 nt Shoe (3). provement The railw: executives, Am Hide & Leath pf. 9% 9% 5 Int Stiver pf (4) 3 ¥ 32 = = = % B 2 - ‘Am Home rod 4.20. 27% 28 12% 2% int Telo & Teley 4 ‘o 3 i ment summarizing conditions in the meliread 20 . . e e} 5 common share earnings, siX months s which a e Am Int tional L3 4 1 Interstate Dept CORPORATION | ended June 30, $3.76 vs. $4.71 CORN CREDIT AGENCY 3 ,u‘)‘\mx‘m\ lx‘l;(al;krtnx:x:m(v‘m(‘:‘l]!l\;; Non- 3% Am Locomotive. ¢ 644 — Postal Telegraph & Cable—Joins mood might have interpreted unfavor- % Am Locomot pf (7). . 201y Mo L ls 5 a . Sthl 1 sear. Vil tbe 4 Am Mach&Fdy(800). x 1 8% 84 30 Jonesa Laugh p REPORTS I e o X ns for b Am Pwr & Lt (1) 12 ; T0% 2% Kelvinator Corp. system for the press an NS i o ate a more cheerful atmosphere was s, the company reported the above- e i i e e AmP&LUpLA (5) 1 13 4% Kennecott Copper Twenty Per Cent of Loans to Farm- 3 prediction which the statistics to menticned net earnings of over $71. 4 Am Radiat 4 : 5S) O date have and the de comparcd with last AmRadiator. g 19 6% Kresge (SS) Co (1) e R 5 ; s stressed as son b ofmore than 2 Am § z (3) - e During the first months of the 51a Am Smelt & Ref. 56% 25 Lambert Co (13). ter earnings. Something was expected year reve s A notiics K,,p, 213 1% Lee Rubber & Tire. 50 from the meeting currently held in : o 6's i Leh Port Cement. . | this city of the railway exceutives, pre 171 rever 9 s cl o r ecut. ¥ - o = e 3 Am Snuft pf (6) . cf 1932, compared with 2 Am Steel Foundr: 46% 303 Lehman Corp and co- iv i y 2 v C -operative measures, the like period in 1931, a decrease of res (1212) 24)¢ 6 Lehn& Fink (2). omi Stores (1234). S e wcp?”a’i"fffi? Sy aled in the six months ad been discounted mar- c iy. The [SISPRy T oy pital Traction’s June e ugar pf ni 61% Ligi & Myers B (15) for June, prepared for the 22 Liquid Carbonic (1). cmmission. shows 34 Loew' t4) e 0 e a el & Teles (9).. Tobacco (16) AmTobacco B (16) Am cco pe (6) m Water Wks (2 3,474.261. » uearc) 59% 321 Liggett & Myers(f3). ieve- ® this item over Ju led $32.624.76, ce month Jast yei asc of $#1,641.11. Non- operating income W lightly lower and deductions for bond interest practically 1931 stood at $3.176.36, Bflfllnkl $45.841.70 in June, 1931, a de- crease of $42,665.34, the falling off be- ing la: ¢ due to the keen competition which tax Revenue p €64 in Jun 3,923,678 in Jun Operating ago, a decrease eduction may be owned autcmo- due to the de- largely at the have now been almost ar. In August the Capital Trac report will cover 1sons in which both months had ntend with this competition. The re will be less startling, even if is no marked change in net Broker House Issues Statement. ‘The Washington office of Harriman & Co., of which G. Bowie Chipman is the resident partner, has issued a state- ment denying the charges made by Representative Fred A. Britten of Ili- nois, claiming that he bought $46,987 worth of Southern Dairies B stock on the representation that the Kraft Cheese Co. was about to take over the company, which action would make the stol k advance in value. He filed w York State to r is funds. rom the local office of man & Co.. says: iman & Co. make emphatic de- of Representative Fred A. Britten's a statement made today by one of the partners of Harriman & Co., and also a defendant to the suit brought by Mr. Britten, it was said that Harri- man & Co. at no time had any interest tsoever in the of Southern ies Corporation, nor had they any interest in the negotiations to merge the Southern Dairies Corporation with th> Kraft Cheese Corporation s ’Harnmml & Co. as commission . acted solely as agents for in_ the purchase and sale Dairies B_stock. These facts \\ll b(‘ conclusively shown upon the trial of the action Britten's was brought against Harriman & Co. and eight members of the f Trading Light on D. C. Exchange. Washington shington Rail- & Electric 4 xtent of $1,000 at 79 0 7 ‘Wash- ington Gas Light stock figured in the transfer of -share lots at 50. The stock les were the first e in_some time. The Stone & Webster Engineering poration has closed a general con- act with the Potomac Electric Power Co. to furnish. when called upcn, con- sulting engineering and _construction service. Under this contract work is now in progress on the design and con- struction of a new steam power station at Buzzard's Pcint ‘The initial llation will probably be 35,000 ts and the station which will most modern in_every respect will be designed for expansion to mect the requirements of the ex- pected development of the City of Washington, The corporation will assist the Potomac Power Co. in creating a station which will be attractively s and designed so as to present a pleasing aspect from the various points of view on both sides of the Potomac. The design of the equipment Will also be such as to prevent any smoke or cinder nuisance. The Potomac Power Co. will spend app:oximately $4.000.000 on this work which will provide employment for a very large number of Washingtonians. It i ected t the new station will deliver power by October 1, 1933. C. & 0. Reports Half Year's Net. The report of Chesapeake & Ohio tilway Co. for six menths ended June 2, <hows net income of $8.766.96 xes, charges and sinking furd iations, equivalent after dividend our of 111 (A). mour of 111 (B). Armourof 11i pf Ass0 Oil (a50c) Atch Topeka & S Fe., ! Atchison pt (5)...... ‘Atlantic Coast Line . Atlantic Refining (1) 712 Atlas Powder (1).... 28% Auburn Auto (f4). 13 Aviation Corp (Del). Tatdwin Locomotive. aldwin Loco pf. . 3% Baltimore & Ohio. ... 6 Baltimore & Ohio pf. 62 Bamberger pf (6%).. 915 Bansor&Arostk (2). an \ Beatrice Cream Bendix Aviation. Best & Co Rethlehem Steel . Rethlchem Stl pf (7). Bohn Alumn & Brass, | Bon Ami (4). Borden Co (2). s Bors Warne 5 MfgCo...... Stratton (1). anhat Tran. 3klyn-Man Tr pf (6). + BKlyn & Queens..... EKlyn Union Gas(3) . Bucyr A Bucyrus: v pr. Burr'ghs A M (80¢).. anadian Pacific 1% Case (J 1) pf (3 Caterpillar Trai Celanese Corp. Cent Aguirre (l‘q) Century Rib Mill Cerro de Pasco Ches & Ohlo ( “es heake Corp (2). Chi Great Western Chi Mil StP & Pac. “hi Mil StP & Pac pf. Chi & Northwestern.. C'hi & Nor! rh\\vu[ |vf ChiltT& Pac 6% pf. Chrysler Corp (1)... el (3.60). City Jce&Fuel pf 615 Coca Cola (18)...... Colg-Palm-P pf (6).. Collins & Atkman Columbia Gas (b1) Columbia Pic ctfs. Columb Carbon (2).. Comel Credit A (3) Comel Cred 1st(61%) . Comel Inv Tr pt 6! Comel Inv ev pf(e6). omel Solv (60¢). ... Comwlth & Sou(30¢). Comwith&Sou pf (6). Congolm Nairn (1)... Consol GasN Y (4). Consol Gas NY pt(5). Consol Laundries(1). Consol Oil Corp. Contl Baking (B). Contl Baking pf (6). Contl Can (2)... Cont Insurance (1.20) Contl Oil (Del) Contl Shares Corn Products ( 43 Corn Prod pf (7) Coty Inc.. Crex Carpet Crown Ck & Crucible Steel. Crucible Steel pt. CubalCo.:- . Cuba R RpE (5. Cudany Pack s Curtiss Wright 115 Curtis Wrig 32 Delaware & Hud (9).. 54 Detroit Edison (8)... 12 Diamond Match (1).. 713 Dome Mines (11.20)., 11% Dominion Storest1% 5 Douglas Aircraft (1) ser Mg A (3) Drug Corp (4). 22 Dupont de Nem (3 80% Dupont deN db pf(6), stman Kodak (5).. tington-Schild lec Auto-L (1.20) lec Pwr & Lt. ec Pwr & Lt pf (7). e Storaze Bat (3). rie R R. |44 1+ L+ 4% 478 8 234 s 14, 2215 “u7 a1y 4% 3% 8 11 1 59 9% 1mg 14 3 10 17 2% 4 on & Robbins Mack Trucks (1). Macy (HR) (n2) Madison Sq Garden ev mod gtd 5 Marine Midid (80c) 3 Marshall Field & Co Mathieson Alk (1%3) . 4 May Dept Stores 1.89, 5 31 9 167 20% 58 11 4% b 3% 11 2t 7 1 1% 1 5 10 5% 3 65 261 12% 30% 69 4% 1 Maytag pf ww. . Mengel Co. .. Me 1d Pic pr 1.8 Mfami Copper Mid Continent Petm. Midland Steel 'rod Minn-H'well Reg (2) Mlsd (4) Mo Kan & Texas pf Missouri Pacific Missouri I Mo \'m\!n Chat & St L. at Acme Co Nat Biscuit (2.80) . Nat Cash Reg (A). at Dairy (2.60 Nat Dist Prod (2). Nat Pwr & Lt (1) tSteel (1), Nat Tea (60c). .. Nevada Con Copper. . N Y Central N Y Chi & StLpf N Y & Harlem (3). NY lm.unn o N H & Hartford. Norfolk & Wesg (5).. North Am Aviation. . Nor Amer (b1 % stk). Northern Pacific. . Ohlo OIl (a Orpheum Circui Otis Elevator (1 Pacific - Pacific Lighting (3). Pacific Tel&Teleg(7) Packard Motor Car.. Pan Am Pete Bn(1 Paramount Publix. Pathe Exchange. Patino Mines Penick & Ford (1) Penney (J C) (2.40). Penn Dixie Cement Penna Railroad Peoples Gas Chi ( Pere Marquette. . Tere Marquette pf. Pere Marquette pr Petrol Corp of Am. Phelps Dodge. . Phila& Read C&I. Phillips Petroleum Pillsbury Flour Pitts Y Astab pf ( Prairie Oil & Ga Proctor & Gamb Proct & Gamb pf (3). Prod & Refiners pf. .. Public Sve N J(3.20). Public Sve NJ pf (6). Public Sv P Pullman Corp (3) Pure Of1 Pure Oil pf (8). Purity Bakeri Radlo Corp Radio Corp pf B Radio-Kelth-Orp Real Silk Ho! Real Silk Hosiery pf. Remington-Rand Reo Motor Car. Republic Steel. Republic Steel pf Revere Cop & Br pf. Reynolds Met (112). Reynolds Spring. . Reynolds Tob A (3).. Reynolds Tob B (3).. Royal Dtch (a8013¢ Safeway Stores Safeway Strs pf (7). St Joseph Lead. St L-San Fran p Schulte Retall Stores Seaboard Air Line. Seaboard Oil Del 40c. ars Roebuck. . Shattuck (FH) goc Shell Union Oil.. Shell Union Oil pf. Fefuden=tn Pennsylvania Dixie Cement 12 months ended June 30, $1, deficit $115,551. Chemicals and Fertilizers, Mathieson Alkali Works —Common hare carnings. 6 months ended June 30, 52 cents vs 91 cents. Electrical Equipment and Radio, General Cable Corp. — Deficit, 6 months ended June 30, $1.714,541 vs deficit $1.273.608. General Electric Co.—Common ;.ha' earnings, 6 mc ended Ju cents vs cents; orders received in 6 months ended June 30 were $68,708. 712 vs $141,428, a drop cf 51 p cent: cash on hand and marketabl securities on June 30 were $111.678.000 vs §122,178,933 on December 31, 1931. Food Products. Atlanfic Coast fi s cit, year ended April 30, $863155 vs. deficit $659.401 Corn Products Refining common share earnings, six mon! ended Jun: O $1 30 vs. $18 t Co. common share months ended June 30, $1.21 s, $1.36 Penick & Ford, earnings, s €0 cents v common ghare ended June 30, Investment Trusts. Reliance International Corporation liquidating ne June 13, 70 a preferred share vs. $33.38 December 31, 1931, Metals (Non-ferrous;. Katanga Copper Co. de d divi- dend of 39 t on vreference bearer shares for vear ended Docem- b 31, 193 aid 14886 Beigian francs for year 1920. Miscellancous. Gamewell Co. commc ings year ended Mey 31, 19 vs. $4.85. Paper and Paper Products. Crown Zellerba Crxr,)(\ T ferred share ear: year ended Apnl 30. International Paper & Power deficit | quarter ended March 31, $399.567 vs. net_income $593.561 Kin share carnings. six months ended June 30, 23 cents vs. §1.98 Lily-Tulip Cup common share earr 12 months ended June 30, § Railroad and Railroad Equipment. Chesapeake & Ohio Rail com- mon share earnings, six months ended June 30, $1.14 vs, $155 Iliinois Central Railroad first half net was about $1,000,000 above figure for like 1931 period Union Pacific Railroad June net oper- ating_income off 218 per cent, six months off 285 per cent. Retail Trade. Hale Bros. Stores declare a dividend of 15 cents; previously paid 25 cents quarterly. W~1"":f System Inc. common share earnings, six months ended June 30, 1932, 71 cents vs. $1.28. Steel and Iron. Bethlechem Steel Corporation opera- tions averaging 12 per cent of capacity. Dominion Bridge Co. Ltd. declared two quarterly dividends of 50 cents each on common stock; previously paid 62! cents quarterly. Colorado Fuel & Iron Co. reported has reccived $300.000 order from Bab- cock & Wilcox Co. Interlake Iron Corporation defici six months ended June 30, $966.229 Vs. deficit $195,307. Republic Steel Corporation resumed production at six sheet mills in its Niles plant United States Pipe & Foundry defic! six months ended June 30, $775,067 v net income $913,954. United States Steel—Subsidiary, Illi- | nois Steel, reported to have received contract for 50,000 tons of steel from Babcock & Wilcox Co. Virginia Iron, Coal & Coke deficit, six months ended June 30, $28,691 Vs. | net income $93,081. bushel, 75a2.00; blackberries, crate, 2.00 December 1 and May 11, matured Juiy Dairy Markets. Chickens—Young, 15a23; Leghorns. | 13a16; old hens, 13a16; Leghorns, old, 11a12; rooster 8al0; ducks, 12al6; pigeons, pair, 20a25. Eggs—Receipts, 2,692 cases; c ent re s, 12a13; hennery, whites, 15al17 Western firsts, 14al5; Southern, cur: rent receipts, 11212. Buiter—Good and fancy. creamery. 16a20; ladles, 12al3; process, l4al3; store packed, 10. Hay and Grain. 2 red Winter, garlicky, July. 501, August Cargoes on grade, No. 2 red Winter. parllck\ 5234; No. 3, 503;; No 46%,. yellow, spo( domestic, CLh corn, new, 75a2.00 per 2. white, domestic, 30a32; b 2 domestic, 29a30. Rye—Nearby bag lots, 40a42. —Receipts, none. General hay t is quiet. Receipts ample of v, but good mixed hay scarce and bringing a premium. Prices range from 12.00 to 16.00 per ton, as to grade and kind: latter figure for choice clover mixed. The poorer grades of timothy are irregular in ce. Live Stock Market. Cattle—Receipts. 100 head. Steady. Steers—Good to_choice, 7.00a8.00; me- good, 6.75a7.25; fair to medium, in to fair, 550a6.25; com- bulls. medium to good. 350a4.00; fair to medium. 3.00 23.50: plain to fair, 2.7523.00; common to plain. 2.50a2.75; cows. good to choice, 3.75a4 medium to good, 3.2523.50: farr to medium. 2.50a3 plain _to fair, 2.00a2.50; medium to good, 5.50a 5 to medium. 4.7525.25; plain 4.0024.75. common to plain 3.252 fresh cows and springers 30.00260.00 Sheep and lambs—Receipts, 500 head Lower; sheep. 3.50a450; buck lambs sold at discount Hogs—Receipts, 300 head. Slow, dv. Lights, 525a5.50: heavies, 4.60 medium, 540a5.75: light pigs, . roughs, 3.25a4.35; pigs, 5.10a Ohio and Western hogs, 10-20 75 head. Lower. higher. Calves—Receipts. Calves. good to choice. 5.25a6.00; com- | mon to medium, 3.00a4.50 Hay and Grain, Wheat 0. 2 red Winter, garlicky spot, new. 50%;; July, 50%: August, 50%,. Cargoes on grade, No. 2 red Winter, garlicky. 52%; No. 3, 50%; No. 4,487, No. 5, 467 Corn—No. 2 vellow, spot. domestic 44a45; cob corn, new, 1.75a2.00 per barrel. Rye—Nearby, bag lots, 40a42. none. General hay | is quiet. Receipts ample of timothy, but good mixed hay scarce and bringing a premium. Prices range from 12.00 to 16.00 per ton. as to grade and kind: latter figure for choice clover mixed. The poorer grades of timothy are irregular in price POTATO MARKET CHICAGO, July 20 (#) (United States Department of Agriculture).—Potatoes —Receipts, 84 carloads; on track, 318: total United States shipments, 378: supplies heavy, trading slow, market dull; Cobblers, Missouri, 70a75. a few 80; decayed, 40a55; Kansas, few 75: decayed. 40a55; Virginia, bar- | rel, 2.25; decayed, 1.75. PARIS BOURSE PRICES. PARIS, July 20 (. —Three per cent rentes, 81 francs 50 centimes. Five| per cent loan. 99 francs 85 centimes.| Exchange on London, 91 francs 2 cen- times. The dollar was quoted at 25 francs 53 centimes. NEW YORK BANK STOCKS NEW YORK., July 20 u‘l’l —Over-the- counter market i Bid Asged Chase (2) 3 65270, a | 15, when approximately 20 per cent had been liquidated, according to Laird. He said this was better than had been ex- pected, in view of the fact that most farmers are busy harvesting now. With the end of the threshing season abos August 1 in this regicn, Lai said the heaviest period of liquidatio: of loans probably would be between that date and August 15. More than 12: loans were paid off in the final wee! preceding July 15. Within another 30 days,” Laird said, we figure that the bulk cf the loans wiil have been liquidated, althougn there will be some marketing as laf September 1 Another thing that ma slow us up is the fact that rural ele- vetors now are crowded with small Eifi and unable to take all corn of- re CHICAGO LIVE STOCK MARKET CHICAGO, July 20 (#) (United States Department of Agriculture).—Hogs 18,000 head. including 7,000 direct: steady to 10 lower; 180-240 lbs., 4.60a 4.75; top, 4.75; 250-300 lbs., 4.50a4 325 lbs, 4.40; 140-170 lbs, 4.25a4.60; few pigs, 3.50a4.00; packing sows, 3.10a 3.65; smooth sorts to 4.00: light light good and choice, 140-160 Ibs., 4.25a4 light weight. 160-200 lbs., 4.40a4.7. medium weight, 206-250 lbs.. 4.5524.75 heavy weight, 250-330 1bs. 4202463 packing sows. medium to good. 275-500 lbs. 3.10a4.10: pigs. good and choice 100-130 lbs. 3.50a4 35 Cattle. 7.000 head: calves, 1,500 head: strictly good and choice fed steers and yearlings strong to 15 higher: very few such kind here; bulk of run comprising in-between grades: these slow. about steady: early top medium weight steers and yearlings 9.00: some held higher bulk of quality and condition to sell at 850 down to 6.75; slaughter cattle and vealers, steers, good and choice. 600-900 lbs.. 7.2529.25: 900-1.100 lbs., 7.5029.25; 1.100-1.300 lbs., 7.50a9.40; 1,300-1.500 Ibs. 7.50a9.50; common and medium, 600-1.300 1bs..’ 4.0027.50. Heifers, good and choice. 550-850 pounds, 6.25a7.75; common and me- dium. 3.50a6.25; cows. good and choice 3.50a5.50; common and medium, 2 350; low cutter and cut'er, 1 275: bulls (yearlings excluded). go-d and choice (beef), 3.25a4.75: cutter to | medium, 2.00a3.40; vealers. (milk fed), good and choice, 5.00a6.00; medium, 4.50a5.00: cull and common. 350a4.50 stocker and feeder cattle, steers, good and choice. 500-1.050 pounds. 5.20a6.25: common and medium. 3.50a5.2 Sheep receipts, 11.000 head. Not fully established. Few sales steady to !ower; good native lambs, 5.00a5.75: choice kinds 6.25 to city butchers: small lots | 6.3526.50; bidding. 5.75 on best West- erns: lambs, 90 pounds down, good and | choice, 5.50a6.50; medium, 4.50a5.50; all weights, common. 3.00a4.50; ewes, 90-750 pounds, medium to choice. 1.00 a2.25: all weights, cull and common, FOREIGN EXCHANGE (Quotations furnished by W. B. Hibbs & Co) | Line check oday. Lendon. pound.. 148665 13565 Paris. franc 3 391%¢ Brussels, beiga.)llll] 85c Berlin, mark...... 80c Rome o 5 5.10¢ Zurich, i 193¢ 19 46c Athens. drachma’ S Madrid, peseta : Vienna, schilling. . Budapest pengo... . | Prague, crown (nom.J | Warsaw.” zloty. ... . Ccpenhagen, crown.. Oslo. crown’.. | Stockholm. crown. ... | Montreal, 13% . discount SILVER QUOTATIONS. NEW YORK, July 20 () —Bar sil- ver steady and unchanged at 26% ST tinued to express hope of real improve- ment for the steel trade in the Fall. United States Steel common was frac- tionally higher during the early trading and the preferred up a point. Traders, however, were not so sure about nn reduction being made in the prefe::r dividend at the next meeting contented themselves today with s that if a cut were made. say to basis, it had been discounted in price of the s T has been. of ¢ se, no whatever as to their course the U. S. Steel n direc were higher, uch as 3 1 normall T was displayed by Unicn Pacific. Atchi- son and Illinois Central. Shorts in ed Chemical, American Can, Ameri- Telephone, J. I. Case and Coca Cola indulged in a little precautionary Covering, although the prices were not p very much. Estimates were broad- ast that Coca Cola would show much higher earnings in the second quarter than in the first three mol of the year. The g. the tobacco. and the local tracticn stocks continued strong. Noranda s the leader in the first named group. American Tobacco in the second and Brooklyn Manhattan in the third. It was considered significant of the attitude of the professional element toward the market that stocks “with a good story” could be marked up re- gardless of the rest of the list. The continued stren 1 bonds was a persuasive argument in favor of the buying side in stocks. U. S. Drug Sales Abroad. More than a third of all medicinal preparations sold abroad by United States manufacturers have been bought in recent years by the British Empire. In making the announcement. the Commerce Department said that during the last five yvears its share of the United States total advanced from 35 to 44 per cent. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for July 18 wers $8.195.360.58 expenditures, $18.932,- 203.69. balance, $218.807.479.29: customs duties for 18 days of July, $10,349,672.79. SPACE . from one room to any size suite you desire —at ADJUSTED REN- TALS in The Soulhern Building Northeast Corner 15th and H | Central location. lurge, light rooms, dignified surroundings, every fa- @ cility for the conven- fence and comfort of tenants. H. L. RUST CO. Agent 1001 15th St. MORTG DON'T WISH RICHES: BUT PLAN TO HAVE THEM It isn’t such a hard job to have a competency as you may imagine, if you go about it right. Systematic investment in our 6',9% FIRST MORTGAGES will make a good start. From money so invested you will know exactly what the return will of a be—for it doesn’t change through- Coatary out the term of years for which AN INVESTMENT COUNSELOR % ”.mm"{a the mortgage is given, and that mortgage is secured by conserva- tively appraised improved Wash- ington real estate. May be purchased in amounts from $250 up. Utilities. ercial (8) " Cities _Service Co.—Kansas Public | Fst National (100 Service Commission orders Cities Serv- | National City (2)" ice Gas Co., subsidiary, to cut city gas | Public (2) ... rate from 40 cents to 29'. cents per | TRUST COMPANIES. thousand cubic feet; wmmxmon;ls\oaula | Bamkers @ ..oiiecoee uation of properties is about $25,515, FOOk sa Trusd (10) less than that claimed by company. | Spatral Hanover (*7) International Hydro-Electric System | Continental ‘(1.20) class A share earnings, 12 months end- | Corn Exchance (3) ed March 31, $3.67 vs. $3.61. Guis) Kansas City Public Service preferred |Irving (160) . . . = share earnings, six months ended June‘N}nu!Btlurers @ 30. $151 vs. $6.21. Tile Cirants & Trusc ‘wsoi. 23 ° New England Tclephone & Telegraph |~ “Includes extra. P Simmons Co Simms Petroleum. Socony-Vac (80c) . Solv Am pf ww (5%). South Port Rico Sug. Southern Cal Ed(2).. Southern Pacific. ... Southern Railway. Southern Railway pf. Sparks-Withington. . Stand Brands (1.20). Stand Com Tobacco. . Stand Gas & Elec (2). Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Gas&El pf (1)« Stand Oil Calif (2)... Stand Ofl Kansas % Stand OII N J ($2)... Sterling Secur (A) Stewart Warner. . Stone&Webster (50c) Studebaker Corp. ... Studebaker pf (7). Superior Oil N, e PRSI 73~ onts on 6% per cent preferred | TTos, to $1.14 a share (par $25) onj| 94 £ 8 shares of commen stock. This 8 3 385 hrsl Natl Strs (”I,L compares with $11,841.284, or $155 a 3 Foster-Wheeler. share, on 7.651,281 common shares in 2114 10% Fourth Nat Inv 1.20. first six months of 1931. 5% 1 FoxFKilm (A).. June net income was $1.016,711 after | 19's 10 Freeport-Texas (2).. taxes, charges, etc.. against net income 21 Fuller Co pr pf of $2.788.298 in June, last year. o7 Gen Am Tank Car(D) Postal Savings Show Gains. 4% Gen Asphalt (1). : 10'5 Gen Baking Postal savings deposits on June 30 Y G Pt totaled $776.329.701, against $733,526,782 | 3¢ Gen Cablo cn May 31 and $347.416.870 on June 30, 6 814 Gen Eiectric (40¢) 1931 ,according to Post Office Depart- "t 10% Gen Elec spec (60¢) . ment. 19% Gen Foods (2)...4 Increase of $42.802,919 for June com- % Gen Gas & Ilee (A) .. pares with an average monthly gain in 3 GenG&T ovpl Ah6) these deposits of $28,455.992 from De- 28 Gen Mills (2) cember 31, 1931, through June of this| 3 7% Gen Motors (1) vear and of $35.742,569 from June of 56'4 Gen Motors pf (5)... last year thrcugh Junc 30 of this year. 1 Gen Public Service. . — — 28% 64 Gen Rwy Signal (1). 13 Gen Refractories. ... T““%fii WJAlTCH RAII‘S 4 10% Gillette Saf Raz (1) el ; ; ; NEW Y uly 20 (Speciai) -— lette Saf R pt (5). e an department in i ines Traffic on the granger roads at this Gimbel Bros pf &7 Telautograph (1) to take charge of lo P growing business ssible de 1 Gobel (Adolf. «| 13% 9% TexasCorp (1). ; % me En%taerl:g JZ,‘;SQE&L? ‘eluy%':r?l: xrx: Gola D‘usl (1,]so| 5 1o| 26% 12 Tex Gulf Sulph (2).. 5 W being watched by S Exchange Gold Dust pf (6) 2 1an 12 Thom&so{n-SAmre(é“. traders. Important as such news may Goodrich (BF). 3% 2 Tide Wal eorl I:D‘_ . be, professionals are paying more at- 7 Goodrich (B F) pf 41 30 Tide vultx nlglm.. tention to the technical vosition of the 5's Goodyear Tire&Rub.. " H 23 7% Timken o‘ ‘%, i carriers. Mcnday rail averages were a 19% Goodyear 1st pf (7).. " 6 2% Tr:"::“mfl:u Corp.. trifle lower, but this recession took place | 182 T Gotham Silk Hoslery % 45 156 etComt] Corp 2 Truscon Steel after seven successive sessions of ad- “* Gould Coupler. . Jancing quotations, which was the first 1 Giitan beiee. , T 8% Una-EI-Fish o 1 based on returns will he paid. The requirements are experience . B ¢ 9 i il tion, unquestionable integrity, ability, time since January 19-26, 1931, that 2% Granby Consol. 36% 15% Un Carbide & C(1.20) with a reputable loan institul ! ity y such a move has 3u;km place. As a| 9 31, Grand Union. 4 13% 8 UnOilof Calif (1)... a good clientele and a ingness to work. Write, DO NOT CALL, group the rails, perhaps. are more ccm- rand Union pf (3) .. 9415 27% Union Pacific (6).... giving full particulars, which will be held in confidence. pletely liquidated than any cther sec- 30% 14'; Grant (W T) (1) “ 68 40 Union Pacific pf HARVARD TERRACE DEVELOPMENT CORPORATION tion of the market. Rail averages are b's Great Northern pf. 3 s 16% 6% Unit Aircraft.... 1420 K Street N.W. S5 rerluBronasdonnBoabhal M o @ er a Third E want the best first trust man in Washington to take charge of first trust notes that @re among the finest and safest that have been offered in many years, These notes are soundly and conservatively secured and attractively_safeguarded to assure their salability. To the man with a regular and - eady clientele they present an unusual opportunity for successful, permanent work. Active advertising support will be given to this man and an ample salary ahcut 6'. per cent of their 1929 peak. 3% 5 Great Nortaern Ore. 4 «| 50 30% Unit Aircraft pru). Most carriers have discontinued pay- 7 314 Great Western Sug. . & 103 75 Unit Biscuit pf (7) mefs on their common sheres® Tn view 48 Great Wn Sug pf(7). 1% % Unit Cigar Stores.... xK:se facts, professionals ere study- 3 Gulf Mobile&Nor pf.. 101 31 Tnit Corp (40c) 28 g reil stock trends these days. % Hahn Dept Stores. ... ‘ -38% 20 UnitCorppf-(3). 9 THERE 1S NO SUBSTITUTE FOR SAFETY

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