Evening Star Newspaper, July 27, 1932, Page 14

FINANCIAL. THE EVENING . O s STAR. WASHINGTON, D. €. WEDNESDAY, JULY 27, 1932. / S ————ee S Y CASEARNNES CAN | TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | oIUCKSREACNEW Sale: m 2 3 d 00. His! . High. Low. Dividend Rate. Adc 'Ir 10% Firestono T & R (1) Phillips Petroleum. 3% Third Avenue....... 5 10 Third Nati Inv (1). 2 2 t+% Net Income for Six Months! of 1932 Reported Today as $794,492.60. BY EDWARD C. STONE. Total net_income of the Washington Gas Light Co. in the first half of 1932 amounted to $794,492.60, these sub- stantial earnings comparing with $731,- 18557 in the first six months of 1931. This is a gain of $63,307.03 over a year ago. According to the financial statement for the first half year, filed today with the Public Utilities Commission, oper- aiing revenues for the period amount-} ed to $3,270,057.36 against $3,293,560.20 last year. Expenses and taxes called for $2,091,- 00017, compared with $2,154,796 up to the same date in 1931, leaving an op- ting income of $1,179,057.18 in com- parison with $1,138,764.20 a year ago. Gross income totaled $1,215,812.26 against $1,135,452.64, while total deduc- tions from gross for bond interest and other expenses, required $421,319.66 against $404,267.07 in the like period last year. leaving the above-mentioned net income of almost $800,000, a figure which must be most gratifying to Presi- dent Marcy L. Sperry and his board of directors. Monthly Statement Also Filed. The Wachington Gas Light Co. also filed its June report todey, operating | rcvenues being $446,587.46 against $448.960.92 in the like month a year 2go. Operating expenses and taxes called for $315440.67 against $289,- | 112.24 in June 1931, leaving an oper-: ating income of $131,146.79, compared with $159.848.68 a year ago. After payment of bond interest and all other deductions from gross earn- ings, the gas company reported a total net income of $67,526.23, in comparison with the higher figure in June, 1931, of $96.622.50. The figures show that a part of the decrease is due to a somewhat smaller demand for gas than in June last year, but most of the difference comes in increased expenses. Georgetown Gas Report Out. The Georgetown Gas Light Co. has elso filed its monthly statement for June and the half year summary. June operating revenues were $87,- 381,64, ag}nmst $80,417.58. Operating expenses required $71,- 857.41, against $65,390.52, leaving an [ 165 625 16% 4 3 ™ 13 875 138 18 103 394 2 137% operating income of $12,360.31, com- pared with $12,744.18 in June, 1932. Total net income for Yune was $9,- 28392, compared with $9,636.09 a year ago. “For the first half of 1932 the George- tcwn Gas Co. enjoyed larger operating revenues than in the same period last year, $686,722.81, compared with $663,- 565.2; Operating _expenses totaled $554,260.20, against $545,402.89. Income from operations reached the T9% 151% 3w 8% 28% 21% 41% 4% % 1% Adams Expres: 4% Afliated Prod 1.60.. 30% Air Reduction(t4%). 7% Alaska Juneau (50c). 2 Albany Wrap Paper. % Alleghany COrp. ..... Alleg Cp pf 330 ww. . 5% Allegheny Steel. ... 4215 Allied Chem & D (6). 4 Allis-Chalmers Mfg. 12 Amerada Corp (2)... 4 Am Ag Ch Conn pf 3% Am Agri Chem(Del). 5 Am Bank Note . 28 Am Bank Note pf (3) 6!5 Am Brake Sh&F (60c) 40 Am Brake Sh pf (7)., 29% Am Can Co (16). 9315 Am Can Co pf (7). 314 Am Car & Foundry 16 Am Car & Fdy pf (7). AmChicle (13). . Am Comel Alcohol. .. Am Encaustic Tiling. Am&Forgn Pw pf(7) Am & For Pwr 2d pf. Am Hide & Leather. . 0.. Am International. 3% Am Locomotive. Tis Am Mach&Fdy (80c) Am Mach & Metals 1% Am Metal Co. . 14 Am News (1%) 3 15% Am Pwr & Lt pf (6 3% Am Radiator. . 3 Am Rolling Mills. 13% Am Safety Raz (3) Am Smelt & Ref..... Am Smelt & R 2d pf. Am Smeltg & Ref pf. Am Snuff (13%)..... Am Snuft pf (6). Am Stee] Foundry... Am Sugar (2).. W Am Sumatra Tol Am Tel & Teleg ( Am Tobacco (16) AmTobacco B (16 Am Type Founders Am Water Wks (2).. Am Wat Wks cfs(2) - Am Woolen. . Am Woolen pf. Am Zinc & Lead. Anaconda Copper. 3 6% nchor Cap (1.20). 7 Archer-Daniels (1) 24 Armour of Del pf(7). % Armour of 111 (A) % Armour of Ill (B) 3% Armourof I1i pf. 5 Associated Apparel.. 17% Atch Topeka & 8 Fe., 35 Atchison pf (5)...... 9% Atlantic Coast Line. . 8% Atlantic Refining (1). T4% Atlas Powder (1).... 45% Atlas Powder pf (6).. 28% Auburn Auto (f4). 1315 Aviation Corp (Del Z Baldwin Locomotive. 8 Baldwin Loco pf...., 3% Baltimore & Ohlo. ... 6 Baltimore & Ohio pf.. 914 Bangor&Arostk (2).. 3% Barnsdall Corp...... @ S M 8,2 & [FRTRIVE- 1% N 3 3% Abitibi Pwr & Paper. 23 14 2 81 24 1 12 2 50s 284 laamEraaiie » 2 45 Firestone T&R pf (6 + 313 Phoenix Hosiery 35 First Natl Strs (2%). 13 Fisk Rubber. . 3 Foster-Wheeler. 1 Foundation Co......; 10% Fourth Nat Inv 1.20. 1 Fox Film (A).. 10 Freeport-Texas (2) 5% Gamewell Co. ... 15 en Am Investors. 26 Gen Am Inv pf ww 913 Gen Am Tank Car (1) 4% Gen Asphalt (1) 10% Gen Baking (2) . 6 90 Gen Baking pf (8).... 40s 13 Gen Bronze. R T 20 Gen Cigar (4) 814 Gen Electric ( . 10% Gen Elec spec (60c) 19% Gen Foods (2)... 3 Gen G&E cv pf A(D6) 5% Gen G & E pf A (p7) 28 Gen Mills (3).. g 76 Gen Mills f (6) 7% Gen Motors (1). 561 Gen Motors pf ( 213 Gen Printing Ink. 64 Gen Rwy Siggal (1). 5 Gen Realty & Util pf. 10% Gillette Saf Raz (1). 45 Gillette Saf R pf (5). 8 Gimbel Bros pf. 2% Gobel (Adolf)..... 8% Gold Dust (1.60).... 2% Goodrich (B F). 7 Goodrich (BF) pf. 515 Goodyear Tire&Rub. 19% Goodyear 1st pf (7). 7% Gotham Silk Hoslery. % Gould Coupler 1 Graham-Paige. 2% Granby Consol. 314 Grand Union. .. 22 Grand Union pf (3) 1475 Grant (W T) (1) ki 7 & 17T% 23 4 59 ag pf(T). 110 15 Grigsby Grunow. 16 213 Gulf States Steel.... 1 12 Gulf States Stl1stpf 108 15 Hackensack W (1%). 7'4 Hahn Dept Stores pf. ~ 33 Hannapf (T)... 50 Helme (GW) (17). 4315 Hershey Choc (6) 57 Hershey Choc pf 15 7% Holland Furnace (1). 3 Hollander Sons. . 1 Houdallle Hershey. 8% Houston Oil.... 1% Hou 5 Howe Sound (40c). 27 Hudson Motor Car. 1% Hupp Motors. .. 18% 4% Iliinois Central. . 261 9% Illinois Central pf. 1 36 15% lllinois Cent11 (4).. 128 714 Industrial Rayon (2) _ 11 14% Ingersoll Rand (3). % Inspiration Copper.. 3% Ins'sharesDel a62%;c 1 Insurshares (Md) 24 Interboro Rap Tran: 1% Intercontl Rubber. .. 52% Int Bus Machine(n6) 1% Int Carriers Ltd 20c. 3% Int Cement... 15 Int Combustion 5 1 10% Int Harvester (1.80). 107 68% Int Harvesterpf (1), 8 2% Int Hydro-Elec (A).. 48 7 Int Merchant Marine. Int Nickel of Can. .. 4 Pierce Oil. Pillsbury Flour (2). Pitts Steel pf....... Pitts United pt Poore & Co (B) . Port Ric Am Tob(A). Postal Tel&Cable pf. Prairie Pipe Line. ... Pressed Steel Car. Pressed Steel Car pf. Proctor & Gamble(2) Proct & Gamb pf (5). Public Sve N J(3.20) Public Sve NJ pf (5). Public Sve NJ pf (6). Public Sve NJ pf (7). Pullman Corp (3). PureOl.... Pure Ol pf (8) B 4% Purity Bakeries (1).. 21 Radlo Corp. . 10 Radi Corp pf (A). 3% Radlo Corp pf B. 1'4 Radio-Keith-Orph. .. 4 RR Sec 11l Cent Stk., 915 Reading Rwy (1).... 5 Reading 1st pf (2)... 214 Real Silk Hosiery. .., 1% Rels (R) & Co 1st pf. 1 Remington-Rand. 4 Rem Rand 1st pf. 1% Reo Motor Car 1% Republic Steel Republic Steel pf. Revere Copper. . % Reynolds Met (1%) Reynolds Tob A (3). Reynolds Tob B (3). Richfield Oll. . Rio Grande O11 . sia Ins of Amer. . Dtch (a80%c¢) % 30' Saleway Stores (5).. Safeway Strs pf (6). Safeway Strs pt (7). St Joseph Lead. .. St L-San Francisco. . St L-San Fran pf.... St Louis Southwn. age Arms. .. Seaboard Oil Del Seagrave Corp Sears Roebuck. Second Natl Inv. Second Nat Inv pf. Servel Inc. .. Sharp & Dohm; Shattuck (FH) 50c. Shell Union Ofl. Shell Union Oil pf. Simmons Co.... Simms Petroleum Socony-Vac (80c). Solv Am pf ww (5% South Port Rico Sug So Port Ric S pf(8) Southern Cal Ed(2). Southern Pacific Southern Railway... Southern Raflway pt. So Ry M & O ctfs(4). Sparks-Withington.. Stand Brands (1.20) Stand Gas & Elec (2). Stand Gas&El pt (4). 21 Stand Gas&El pf (6). 28 Stand Gas&El pf (7). 15% Stand Ol Calif (2)... 81 Stand Oil Exp pf (5). 7 Stand Ol Kansas.... 19% Stand Ol N J (12) % Thompson Starrett. . 2 Tide Water Asso Ofl 20 Tide Water As pf ( 2 Timken-Detroit Ax! % Timken Roll B 1%. 24 Transamerica Corp. . 2% Transue & Williams. 1% Tri-Contl Corp...... 42 Tri-Contl Corp pf(6). 19% Trico Products(21). Truscon Steel B Ulen & Co. ... . Underwood-EI-F (1). Un Carbide & C(1.20) Un Oil of Calif (1)... Union Pacific (6).... ion Pacific pf (4). it Alrcraft. it Aireraft it Biscuit (2). it Carbon. . Unit Cigar Stores Init Corp (40¢) Unit Corp pf (3). Unit Fruit (2). Unit Gas&1m(1.20) U S & Forn Secur US Freight.... U S Gypsum (1.60) U S Hoffman. U S Indus Alcohol. 4 US Leather... 4 U8 Leather (A)..... U S Pipe & Fdry (2). U S Pipe 1st (1.20) & S EEE Fhdt bbbt i bt LT FEFEE Tob pf(8). I1stpf (8).. Util Pwr & Lt (A). % % Vadsco Sales Corp. .. 18% 1 S kb 5T 6% 3% Va-Car Chem 6% pf.. 41% 20 Va-Car Chem 7% pf.. 29% 7% Vulcan Detinning 1 Wabash pf (A) T4 Waldort Sys (1%) % Ward Baking (B) ‘Ward Baking pf ( Warn Bros Picture Warren Bros. Wesson Oil & . West Pa Elec A (7).. West Pa Elec pf (6). West Pa El pf (7)... Western Maryland Western Unon. ..... Westing’se Air B(1). Westinghouse Elec. . Westinghse 1st (335) Westvaco Chior (1).. White Motor.... 11 White Rock M S (2 Wilcox Oll & Gas. % Willys-Overland 1% Wilson & Co (A) 22 Woolworth (2.40). 28% 5 ¢Worthington Pump.. 30% 12 | Worth Pump (B). 57 25% Wrigiey (Wm) (3).. 10% 6% Yale & Towne (1). 5 1% Yellow Truck........ 17:4 4 Youngstown Sh&Tu., e 9% 4% Zonite Products(60c) 44+ rAS & ¥ S e A4t FEETFES + - & £ 44 | o 5 & + @ 3 |Market Surges Upward in Late Trading After Un- certain Morning. BY GEORGE T. HUGHES. Special Dispatch to The Star. . NEW YORK, July 27.—With the shorts in discrderly retreat, today's stock, market closed active and strong at a new high on the present recovery. The price movement during the morn- ing was irregular. Steel stocks were lower and there were fractional declines scattered over the list, but always there . :\'as a decrease in volume on the reac- ion. In the aftgrnoon the list hardened, and in the la8 hour it turned sharply Were ‘American Telephone & Telegraph, ephon 3T Case. Allied Chesaleal and: prion | Pacific. The feature, however, was the comeback in United States Steel com« mon and preferred. The latter had been off 4 points earlier in the day, but both issues showed net advances in the, closing trading. s Stocks were helped by the pronounced %|strength in wheat, where gains ran ml"b '60‘2‘1‘/. cents a bushel. Sugar, T an lver were lowe hogs' ld_‘v_:lnced. s . e important development that market had to appraise at the oper m‘- | was, of course, the s.tion of the U. S. | Steel directors in declaring the regular | preferred dividend despite the huge 4 | deficit from operations. As a market | influence the earnings statement over- | balanced the dividend declaration. It | was the worst showing in the history " — ' of the steel corporation and among the ALt R 10 % 5% EEEE professional traders it brought much shgkteu:lg of Ihelds. preferred opened off int and a half and extcnpeded the k:l ?3:?.11 at one time it was off 4 points, at which level it met support and came back partially. Doubtless much of the selling was for short account. The stock which means that a trader had to pay $6.25 for the privilege of being short 100 shares overnight. The common sold off only fractionally, and this may have been because the potential profit of being short of the common was not so large. In the rest of the market there were fractional declines during early trading. oil stocks, which had led the rally earlier in the week, reacted, but unim-" portantly. same was true of the standard industrials. 4 The rails were unaffected by the heaviness in the industrials. They had’ almost nothing in the way of encour- agement from statements, but they put up stout resistance neverthe- less. The first 26 roads report for” 3610775, against $1,809 )’ ,803,597. be hard to have anything more discouraging. The rails, however, holding their own sum of $108,767.82, in comparison with [ 59 ~ 36 Bayuk Cig1stp{(7).. Int Nick Can pf (7) 1% Stewart Warner. Sales of Stocks on New Y $96,060.89 in the first half of 1931 After deductions for bond interest, the gas company had a net corporate in- came of $90,779.78, against $76.929.30 in the first six months of 1931, a gain 0 far this year of $13,859.48. North American’s Earnings Off. The consolidated income statement of the North Armen!chln C;s mdlmbndl;rz companies for the 12 months ende June 30, 1932, shows $19,557,331 for cbmmon stock after all operating ex- penses, interest charges, depreciation ;rd all other reserves and preferred vidends. sThese earnings for common stock resent a decrease of 19.73 per cent compared with thosé for the 12 months efided June 30, 1931, and are equal to $2.83 per share on the average namber of shares of North American men_stock outstanding during the 12 months ended June 30, 1932, com- pared with $3.89 per share for the cor- responding period ended June 30, 1931 “Appropriations for depreciation re- serves equal 12.13 per cent of gross gs for 12 months ended June 30, 1932, compared with 10.89 per cent of gross earnings for the 1931 cor- résponding period. {American Ice Nets Cent a Share. ‘American Ice Co. and subsidiaries pport for six months ended Juue 30, 2, net profit of $427,738, after in- 2ct, depreciation and Federal tdxes, ivalent, after dividend requirements 6 per cent preferred stock, to 1 cent a, share on 559,200 no-par shares of mon stock. This compares Wwith 19,339, or 62 cents a share on 600.- 080 common shares, including shares in treasury. in first 6 months of 1931. [For quarter ended June 30, 1932, net profit was $341,634. after taxes and charges, equal, after preferred dividend requirements, to 23 cents a share on 559,200 common shares, comparing with $86,104, or 61 cents a share on 139 753 shares of 6 per cent preferred stock in the preceding quarter, and $771,252, or 91 cents a share on 600.- 000 shares of common stock, including treasury shares, in the second quarter of previous year. B. & O. and Southern's Earnings. The Baltimore & Ohio reported net esnings for June today at $2,132,394 compared with $3.262,352 in June, 1931, & decrease of $1,129,958, for the first six months of 1932; net railway operating ipcome amounted to $9,043,172 against $12,387,686 in the like period in 1931. The Southern Railway reported a June deficit of $348,843 against net profits in June, 1931, of $649,698. The first 26 leading railroads of the country to report for June showed a decrease of approximately 60 per cent in net operating income. Today's Trading on Exchange. On the Washington Stock Exchange today four shares of Capital Traction stock, hardly enough to make a market, sold at 6. This is an all-time low. The stock clozed with 6 bid and 7}, asked. Potomac Electric Power 5; per cent preferred came out at 103!, and Wash- ington Railway & Electric preferred changed hands in very light trading at %, The most important business of the day was in the bond division, $1,000 sales in Washington Railway & Electric 4s being recorded at 79%2. FOREIGN BUSINESS AIDS ‘U. S. LUMBER INDUSTRY By the Associated Press. L H. Peebles, chief of the Commerce | Department Lumber Division, _today pointed out the importance of foreign | business as a stabilizing influence on the Americzn lumber industry n—.nl asserted world markets for forest prod- ucts are more stable than domestic statistics would indicate. He said that in 1931 the United States exported 10.4 per cent of its production 25 against 8.2 per cent during the five- year period, 1926 to 1930, and that, “comparing production in 1931 with aver: _production in the five-year pericd, we find the 1931 production was 52.5 per cent, while exports were 68 per cént of the five-year average. Peebles concluded that not only is the export market more stable than the domestic market, but “our lumber exporters, in the face of increased pro- duction the world over and with in- creasing competiticn from Soviet Russia, are continuing to successfully compete in world markets.” - s METALS OUTPUT CUT. NEW YORK, July 27 () —Interna- tional Nickel Co. has joined the cur- tailment movement of metals produc- ers, announcing a reduction in .output 431 8% 24% 24% 4 8% 22% 434 12% 1% 19 4T% 129% A% 28, 15% 2% 23% 2 11 36y 2% 3% Bl 15% 9% 28% 13% 95 1 18% 57 16% Beatrice Cream (2).. 415 Bendix Avi 5% Best & Co T4% Bethlehem Steel..... 16% Bethlehem Stl pf (7). 3% Blaw Knox . 4% Bohn Alumn & Brass. 20 Borden Co (2). . 3% Borg Warne 4 Boston & Mafne. 2% Brigrs Mfg Co. 1% Brockway Mot Tr p. 11% Bklyn Manhat Tran.. 3114 Bklyn-Man Tr pt (6). 2% Bklyn & Queens. .... 23% Bklyn&Queens pf(6). 46 Bklyn Union Gas(5). 23 Brown Shoe (3). o % Bruns Term & Rwys. 36 Bucyruspf (7) . 1% Budd (E G) Mf; 47% Budd (E G) Mfg % Budd Wheel. 214 Bullagd Co. 6% Burr'ghs A M (80c).. 315 Bush Terminal...... 12% Bush Terminal pf(7). 14 Butte Copper & Zinc.. 7 Byers (AM)........ 11% 1% California Packing. « 1% Calumet & Hecla 6 Canada Dry (1.20) 7% Canadian Pacific 1% . 23 Capital Admin (A). .. 19 Capital Adminis pf A 16% Case (J I) Co.. . 30 Case (JI)pf(7).... 4% Caterpillar Trac 0c. 7% Cent Aguirre (1%).. 2% Century Rib M{ll: 313 Cerro de Pasco. . 1% Checker Cab Mfgr. 9% Ches & Ohlo (2%). 4% Chesapeake Corp (2). 1'% Chi Great Western 21, Chi Great West pt % Chi Mil StP & Pac. 1% Chi Mil StP & Pac pf. 2 Chi & Northwestern.. 2% Chi Pneu Tool pf.. 1% Chl Rock I & Pacific 2 ChiRI1&Pac6% pf. 4% ChiR1& Pac 7% P! e 50 City Ice&Fuel pf 6% . % City Stores......... Cluett Peabdy pf(7) 743% Coca Cola (18)...... 11 Colgate-Pal-Pete(1). 2% Collins & Aikman. 55 Collins & Aik pf (7 4% Columbia Gas (b1).. 40 Col Gas&EIpf A (6).. 131% Columb Carbon (2).. 3% Comel Credit (50¢) . .2 11% Comcl Credit A (3).. 10% Comecl Inv Trust (2). b5% Comcl Invcv pf(ed)., 3% Comcl Solv (60¢c).... 1% Comwlith & Southern. 27% Comwlth&Sou pf (6). 17 Consol Cgr pr pf 6% 2% Consol Film pf... 31% Consol Gas 72% Consol Gas NY pf(5). 5 Consol Laundries(1). 4 Consol Oil Corp. 79 Consol Oil'pf (8). 3% Consol Textile 2% Contl Baking ( 15 Contl Baking (B). 247 Contl Baking pf (6) 17% Contl Can (2)....... 6% Cont Insurance(1.20) 5 Contl Motors. 3% Contl Ol (Del). 3 Contl Shares 24% Corn Products (3) 99% Corn Prod pf (7). 1% Coty Inc. 13% Cream of %. 7% Crown Ck & S (1.20) 13 Crown Zellerbach 6 Crucible Steel.. % Cuban-Am Sugar. ... 315 Cuban-Am Sugar pf.. 20 Cudany Pack (2%).« % Curtiss Wright...... 115 Curtis Wright (A) . T Davison Chemical 6% Deere & Co pt (40c) 32 Delaware & Hud (9). 81 Del Lack & Western. 7 Devoe&Raynolds(A) - 2 ° wShurmRerarmens T - NS S 59% Devoe & R 1st pf (7). 200s 10 Diamond Match (1) 5 Douglas Aircraft (1), 28 Drug Corp (4)... _§9% 22 Dupont de Nem (1).a 5% 1 !‘Allesflll Mills. ., 2% 4 16% 66% 64 T 814 Elec Auto-L (1.20). 35 Electric Boat. . 5 7 Elec&Musical Instru. 2% Elec Pwr & Lt, . 8% Elec Pwr & Lt pf(6). 10% Elec Pwr & Lt pt (7) 12% Elec Storage Bat (3). 16 Endicott-Johmson(3) 18 EngPSpfww(5%). Equit Office Bldg 1%. 2 Erie RR2dpf. 2 Eureka Vac (a2 30 Fed Lt & Trac pf (6). BEE & EE e a2 4 Int Paper pf..... Int Paper & Pwr (A). Int Paper & Pwr pf.. 4 Int Salt (13) Int Shoe (3) Int Silver. .. Int Tele & Teleg. 26 10 Johns-Manville. 99% 45 Johns-Manv pf (7). .. 30 Jones & Laugh pf(3). 380s 4% Kayser (J) & Co. 2% % Kelly Spring Tire.... 4% 1 Kelsey-Hayes Wheel. * 104 2% Kelvinator Corp..... 13 4% Kennecott Copper. ... 19% 10 Kimberly-Clark (1).. 5 1 Kresge Dept Stores.., 19 6% Kresge (SS) Co (1) 18% 10 Kroger Grocery (1).. B6% 25 LambertCo (15)..... 32 1 Lehigh Valley Coal 18 5 Lehigh Valley RR. 46% 30'% Lehman Corp (2.40). 24% 6 Lehn&Fink (2)... 59% 324 Liggett & Myers(15). "~ 61% 3844% Ligg & Myers B (15). 1815 100 Ligg & Myers pf (7). 8% Lima Locomotive.... 9 Liquid Carbonic (1)., 13% Loew's, Inc (14)..... 4% o 1% LoftInc....... 36% '16% Loose-Wiles Bis (2). 16% 9 Lorillard (P) (1.20).. 2 1% Louisiana Ofl.... [ 23% 8% Lou Gas&El A (1%). _ 32% 7% Louisville & Nash. e McCall Corpn (2).... McCrory Strs pf (6). McIntyre Porc 1%. .. McKeesport T P (4) . McKesson & Robbins McKesson & Robs pf. McLellan Stores. . ... McLellan Stores pf. . Mack Trucks (1) Macy (HR) (n2).... 38 Manhat Elev gtd (7). 108 4 Manhat Elevmod gtd 16 6% Marine Midld (80c).. . 5% Marlin-Rockwell(1). 3 Marshall Field & Co.. Mathieson Alk (1% 4 May Dept Stores 1.80. Maytag Co.... . Maytag pf ww. Mengel Co pf. Mid Continent Petm. Midland Steel Prod. . Midland Stl 15t pf(8) % Minn Moline Pow Minn Moline P pf M StP & S S Marie. .. Mo Kan & Texas. . Mo Kan & Texas pf. Missour| Pacific. 4 Missouri Pacific pf. Mohawk Carpet....« Monsanto Chem 1%.., 315 Montgomery Ward T3 Motor Products (2).. 2 Motor Wheel 2 Mullins Mfg. 8 Nash Motors (1) 20% Nat Biscuit (2.80). 14% Nat Dairy (2.60) 13 Nat Dist Prod (2). 87 6% Nat Pwr & Lt (1). % Nat Ry Mex 2d pf. 13% Nat Steel (1) 315 Nat Tea (60c). .. 1% Neisner Brothers. 213 Nevada Con Copper. 1% Newton Steel 8% N Y Central. « 190 1% NY Chicago&StL.. 9 15% 2 NYChi&StLpf.... 2 126 120 NY & Harlem pf(5). 20s % N Y Investors......s 4 [6 NYNH & Hartford. ' 44 3% N Y Ont & Western.. 2 20 N Y Shipbuild pf(7). 20s 10% Noranda Min (a50c) 5 14 Norfolk & Southern., = 1 57 Norfolk & West (8).. 5 1% North Am Aviation.. 3 13% Nor Amer(b10%stk). 201 25% North Amer pf (3) 3 5 rthern Pacific 30 5 Ohio Ofl (a20c). 55 14 Oliver Farm Equip. .. 1 3% Orpheum Circuit pf. . 2008 9 Otis Elevator (1%).. 11 1% Otis Steel... ) B 31 Otis Steel pr pf. . 1008 12 OwensIllGlass (2).. 3 167% Pacific Gas & El (2).. 30 20% Pacific Lighting (3).. 22 58 Pacific Tel&Teleg(7). 1108 85% Pacific T & T pt (6).. 108 11 Packard Motor Car.« 47 1, Panhandle Pro&Ref.. 6 81 Panhandle P& R pf.. B0 2 Park & Tilford % Park Utah.. 16 Penick & Ford (1)... 13 Penney (J C) (2.40). 60 Penney (JC) pf A (6) 14 Penn Dixie Cement. .. 6t Penna Rallroad. 314 Pere Marquette pr p! 3 Petrol Corp of Am 37 Phelps Dodge. SR P REREFERFFEE FES 1443 41+t + H1H144444 & REERT - = Fraas FEE FF A 4% Stone & Webster. 2%3,Studebaker. Cor 68 Sun Oil pf (6). 2% Superior Steel 6 Telautograph (1).... 1 Tennessee Corp..... 9% Texas Corp (1). 12 Tex Gulf Sulph (2). 1% Tex Pacific Coal&Oil. rations. Exchange. 12:00 Noon cash payments based on the latest quarterly or half-yearly decla- 5 Unit of trading less than 100 shares. '{Pa in Mock. aPaid_th o r Y 2 P:’rllbll ‘lln lcllh 0{ ]'mxi fl“ 8% In s s ST o special Dreferred sicok. fast year—no repuiar rate. i Flus 5% 15 SOk b Pay is year—no regular 2% 41T scrip. ¢ Ex-dividend. Special Dispatch to The Star. BALTIMORE, Md., July 27—White potatoes, old, 100 pounds, 35a60; new, barrel, 1.50a1.75; sweet potatoes, bushel, 7581.75; beans, bushel, 40a60; beets, hundred, 1.00a2.00; cabbage, bushel, 7 1.00; carrots, 100, 1.00a2.00; celery, crate, 1.75a2.00; cucumbers, bushel, 50a 70; corn, dozen, “5al0; eggplants, bushel, 1.25a1.50; lettuce, crate, 40a 3.00; lima beans, bushel, 1.75a3.00; onions, per 100 pounds, 1.00a1.50; peas, bushel, 1.50a2.25; peppers, hamper, 50a 65; squash, hamper, 15a25; cantaloupes, crate, 75a2.50; tomatoes, hamper, 50a 1.00; apples, bushel, 25a1.00; black- berries, crate, 1.50a2.50. Dairy Markets. Chickens—Young, 14a22; 12al15; old hens, 13al6; 11a12; roosters, 8al0; ducks, pigeons, pair, 15a20. Eggs—Receipts, 1,224 cases; current receipts, 13; hennery whites, 15a17; ‘Western firsts, 14al5. Butter—Good and fancy, creamery, 16a20; ladles, 12al3; process, 14al5; store packed, 9a10. Hay and Grain. ‘Wheat—No. 2 red Winter. garlicky, spot, new, 56; July, 56; August, 56% September, 57%. Cargoes on grade, No. 2 red Winter, garlicky, 58%; No. 3, 56%; No. 4, 54%; No. 5, 52%. Corn—No. 2 yellow, spot, domestic, 44a45; cob corn, new, 1.75a2.00 per barrel. Oats—No. 2, white, domestic, 29a32; No. 3. 28a29. New oats, 1 cent per bushel less. Rye—Nearby bag lots, 40ad5. Hay—Receipts, none. General hay market 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. Live Stock. Cattle, receipts, 300 head; steady. good to choice, 6.50a7.75; me- dium to good, 6.00a6.50; fair to me- dium, 5.506.00; plain to fair, 4.7525.50; common to plain, 8.75a4.75; bulls, me- good, 3.25a3.75; fair to medium, 2.75a3.25; plain to fair, 2.50a2.75; common to plain, 2.20a2.50; cows, goad to choice, 3.50a4.00; medium to good, 3.0023.50; fair to medium, 2.25 IS.&); plain to fair. Heifers, good to choice, 5.25a5.75; medium to good, 4.75 85.25; fair to medium, 4.75a5.25; plain to fair, 3.75a4.50; common to plain, 3.00a3.75; fresh cows and Springers, 30.00260.00. Sheep and lambs, receipts, 225 head; steady; sheep, 50a2.00; lambs, good to choice,’ 6.2586.75; common to medium, head; lower lights, . .60; light , 4.85a5.35; pigs, 5.15a5.50. Ohio hogs, 10 to 20 cents higher than gliotations. Calves, receipts 75 head;. steady; calves, good to choice, 5.50a6.00; com- mon to medium, 3.00a3.25. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, July 27.—The following is today's summary of important corp- oration news prepared by Standard Statistics Co,, Inc, New York, for the Associated Press: Aireraft. Ex-Cell-O Aircraft & Tool deficit, 6 months ended June 30, $8,350 vs. deficit $134,163. Automobiles and Trucks. Studebaker Corporation deficit, 6 months ended June 30, $2,401,140 vs. neét income $2,029,355. Yellow Truck & Coach Manufactur- ing deficit, 6 months ended June 30, $1,203,097 vs. deficit $1,046,881. Automobile Parts and Tires. Brigg & Stratton Corporation com- mon share earnings, 6 months ended June 30,5 cents vs. $1.07. Electric Auto-Lite Co. common share eal 6 months-ended June 30, $1.06 vs. $2.94. Sherwin-Willlams Co. declared a quar- PROFIT BY OTHERS’ EXPERIENCE ‘When you stop to consider the thousands who have invested in our 6Y,% FIRST MORTGAGES ver a Third during the last third of a century of.a —always with profit; never with Century loss—this type of investment must Without a Loss commend itself to your interested to an consideration. . Investor May be purchased in amounts from $250 up. B.F. SAUL CO. National 2100 THERE 925 15th St. N.W. IS NO SUBSTITUTE FOR . SAFETY terly dividend of 50 cents on common stock; d T - Tty previously paid 75 cents quar. Chemicals and Fertilizers. Atlas Power deficit, 6 months ended June $154,398 vs. net mp,m’?‘ et income Coal and Coke. Pennsylvania Coal & Coke deficit, 6 months ended June 30, $185,729 vs. deficit $128,415. Food Products. ‘Quaker Oats Cow reduces selling prices of rolled oats, catmeal, breakfast food, pancake flour and other articles. Household Products. American Iece Co. common share earnings, six months ended June 30, 2 cents vs. 67 cents. Swedish Match Co. 1931 deficit, 25.- 588,239 kronor vs. net income 51,062,829 kronor. Leather and Shoes. American Hide & Leather Co. ad- vanced prices of calf leather of lower grades and some side and patent leather ranging from 5 to 10 per cent. United States Leather Co. deficit, six months ended June 30, $414,259 vs. deficit $666,294. Metals (Non-Ferrous). International Nickel Co. of Canada, Ltd., announ ent of about 30 per cent in-operations, effective July 30, because of continued uncertain con- ditions. Miscellaneous. Parker Rust Proof Co. common share earnings, six months ended June 30, $2.32 vs. $4.11. Savage Arms Corporation deficit, six months ended June 30, $140,465 vs. deficit $160,580. Office and Business Equipment. International Business Machines com- mon share earnings, six months ended June 30, $5.04 vs. $5.64. Railroad and Railroad Equipment. Central Railroad of New Jersey June net operating income off 76.6 per cent; six months off 34 per cent. Chicago, Milwaukee, St. Paul' & Pa- cific June net operating deficit was $1,468,432, vs. net cperating income $650,311; - six months’ net operating deficit was $2,927,232, vs. net operating income $2,285,974. S Fevanie 1a k. _h Plus 2% tock. Payable in the first hour, slowly forged ‘ahead under the leadership of Union Pacific,+ demand for which was again said to be+ coming from abroad. Union Pacific is now on a $6 annual dividend basis and the directors meet for dividend action August 11. The price has discounted some additional reduction and there is- nothing to indicate that any further; cut is contemplated. s NEW YORK BANK STOCKS NEW YORK, July 27 (#).—Over-the- counter market: i > Chase (2) Commercial a Manhattan (2) o ational City (3) | Public (2) . ‘TRUST COMPANIES, Bankers' (3) ... Brooklyn Trust (i8), Central Hanover (*7) Chemical (1.80) . Continental "(1.20) ' Corn Exchange (4) Empire (2) ... Guaranty (20) . Irving (1.60) . Manufacturers’ (3) . New York Trust (). Title Guaranty & Tru *Includes extra. yawslopoeiie WS SRR st TREASURY STATEMENT. ; By the Assoclated Press. Treasury receipts for July 25 were $4,724,598.65; expenditures, $17,705,« ggu y bah“ nxm ;15:.]1!6.{;1.01. Cus- ms duties for 25 $14,982,032.21 bty S5y LOANS Ty compitiod Sronessies, “Fransi atiention. Reasonsble Fates. Real Estate Mortgage and Guaranty Corp. 1610 K St i fll’vn. 1403 We Recommend CHASE BANK The World's Largest Bank Outright or monthly payments Circular on Request ROBERT C. JONES & CO. Shoreham Bldg. ME. 2022-23-24 Sound Home Financing The Real Estate Loan Plan of the Metropolitan Life Insurance Company offers you terms that put the putchase of your home on a satisfactory basis. We invite you to consider the many deairable fea.tures, such Loans for Fifteen Years Low Interest Rate . No Life Insurance Required ' Washington Building District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in the District of Columbia and nearby . Maryland and Virginia by 30 cent effective July 30. It is 64 39% 39 8 m»&':a that this contractiop affects 10% 3 Fed Wat Service A... 4 3% 41 18 PhilaCo6% (3) -and nickel. i 714 . -6% Federat DeptS(60c).. % 9% 73 , 48 Phila Copf(6) new.s § 1