Evening Star Newspaper, July 9, 1935, Page 17

FINANCIAL. CAPITAL DEPOSITS EXCEED 1934 MARK Show Gain of $9,742,032 in First Six Months of Present Year. BY EDWARD C. STONE. In an analysis of the banking situ- ation in Washington completed today by Audley A. P. Savage, auditor of the National Savings & Trust Co., it is brought out that aggregate de- posits in the 22 local banks and trust companies on June 29, 1935, showed a gain of $9,742,032.79 in the first six months of the present year and an| advance of $30,434,415.69 in the last 12 months. As noted on the day of the recent call, total deposits were | off $8.639,712.03, as compared with the call of March 3 of this year. Mr. Savage's survey shows that every one of the savings banks had an increase in deposits in comparison with the March call. In the national bank group, seven of the nine insti- tutions reported decreases. while four of the five trust companies made simi- lar reports. The national bank group had a decrease of $7.953,2%5.39 over March end the trust company de- | crease totaled $1,222.569.05. The in- crease among the eight savings banks | totaled the moderate sum of $536.- | 132.41, the survey reveals. | Deposits in the 22 banks on Junei 1935, totaled $266,586,839.82, against $275226,551.85 three months ago. It will be recalled that total deposits on the March call in this city were the highest since the Na-| tion-wide bank holiday. According to Auditor Savage, deposits in the individual banks on June 29, 1935, were as follows: Total Deposits on June 29, 1935. National Banks. Bank of Washington .. $8,891,319.19 Columbia 4,508.833.54 Hamilton 17.247.070.83 Liberty - 4.877,385.95 Lincoln . 8,352,078.87 Metropolitan 23,467,165.75 National Capital - 2,482,876.46 $154,170,815.53 | Savings Banks Anacostia §1,330,810.31 | City 5.263,163.44 | Commerce and Savi mgs 2,174,336.89 | East Washington 873,633.24 | Industrial 310.458.39 | McLachlen 3.522,307.68 | Morris Plan Bank ... 1,051,992. | Security Sav. and Com. 6,040,209.65 | $20.566,912.13 | Trust Companies. American Security - $40,408.424.89 | Munsey Trust - .- 4.903.117.42 National Savings - 15,311,538. Union Trust 8.992,238. 81 Washington Loan . 22,233,792.36 $91.849.112.16 Recapitulation. National Banks -$154,170.815.53 Savings Banks . 20,566,912.13 | Trust Companies - 91,849.112.16 $266.586,839.82 | Bank President for 22 Years. Floyd E. Davis, president of the Lincoln National Bank. will round out 22 years as head of the institution, to- morrow, July 10, a long and enviable record in any financial organization. And he has been active in banking | over a much longer period. Records show Mr. Davis was elected & director in the Lincoln National more than 35 years ago—to be exact, on June 8, 1899. On January 11,/ 1906. he was elected second vice president and in July, 1909, first vice president of the same institution. His success as a junior officer caused his choice for the presidency seven years later. | Under his guidance the Lincoln National has made splendid progress When he took the president’s chair | the bank had deposits of $1,710,000. After the call issued a few days age by the controller of the currency ass- ing for the condition of all Washing- ton banks on June 29, 1935, deposits totaled $8,353,970.36, revealing a healthy and notable expansion. To his associates Mr. Davis modestly gives a great deal of credit for these happy results. In addition to his duties as a bank president, he is president of the Floyd E. Davis Co., a real estate firm, and at various times has been a director in the Bank of Commerce & Sav- ngs, the Washington Loan & Trust Co,, and the Bank of Bethesda. Riggs Votes Three Dividends. Following a meeting of the board of directors of the Riggs National Bank, held late yesterday, Robert V. Fleming, president of the bank, subed‘ that there had been declared the regu- | lar semi-annual dividend on the pre- ferred stock of the bank, payable on August 1 to stockholders of record June 30, 1935. Mr. Fleming also stated that the board had declared the regular quar- terly dividend on the common stock of $2 a share, payable July 15 to stockholders of record June 30, and $2 a share, payable October 15, to stock- holders of record September 30. Note Issue Oversubscribed. Secretary Morgenthau announced today that subscription books on the new Treasury offering of $500,000,000 1% per cent 4lz-year notes have al- ready been closed. The issue, offered yesterday, was three or four times oversubscribed. Subscriptions having a postmark befor last midnight will be entered on the books, the Secre- tary said. Peoples Drug Sales Jump. Sales of Peoples Drug Stores for June totaled $1,535,034, as compared with $1,342,468 in the same month last year, an increase of $192,566, or 14.3 per cent. For the first six menths of this year sales totaled $9,087,120, in comparison: with- $8,025,732; an ad- vance of $1,061,388, or 13.2 per cent, the Washington office reported today. Sales in May showed an increase of 168 per cent as compared with the corresponding period last year. Lanston Stock Very Strong. Lanston Monotype stock reached a new high mark for the year on the ‘Washington Stock Exchange today. It opensd at 62 and closed at 623, 1% points above the last previous sales. American Security & Trust Co. stock again moved at 198. Potomac Electric Power 514 per cent preferred came out at 11315, Capital Traction 5s were again strong, opening at 97% and advancing to 98. The two $1,000 and one $500 transfer were the highest price the bonds have reached. George L. Starkey, president of the National Bank of Washington, has re- turned from several days spent at the Chamberlain, Old Point Comfort, Va. / i X TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Dividend Rate. 28% Republic Steel pf__. 24% 17% Reynolds Metals (1 23% 12% Reynolds Sp (t40¢c). 52% 43% Reynolds Tob B (3) By private wire direct to The Star. Stock and Bales— Dividend Rat Acme Steel (12 Prev. 1935 Low. 4% Advance Rumley.__. 44 6% Affiliated Pro (60c). 104% Air Reduction (13)- % Air-Way Elec Appl 15% Alaska Jun (160c). x % Alleg Corp (d) 2% Alleg pf w330w (d). 21 Allegheny Stl (1) Allied Chem (). 'a Allied Stores 49 Allied Stores p! 12 Allis Chalmers 14 Alpha Port Cmt (1). 48 Amerada Corp (2).. 41%3 Am Ag Cem Del (2). 13% Am Bank Note 43 Am Bk Note pf (3)._ 110 21 Am Brk Shoe (1) 110 Am Can (t4) - 151% Am Can pf (7). 10 Am Car & Found 25% Am Car & Fdry pf__ 38 Am Chain pf 66 Am Chicle (3) 2% Am Colortype 22'3 Am Comcl Alcohol.. 6's Am r‘r)qulSunr._ % Am Encaustic (d) . 2 Am & Forelgn Pwr._ 12 Am & For Pw $6 pf. 14 Am & For Pw §7 pf. 37y Am & For Pw 2d pf. 29% Am Home Pr (2.40). 313 Am Ice i 287 Am Ice pf (8) 413 Am International._. 9 Am Locomotive 32 Am Locomotive pf_. 1813 Am Mch & Fy (80c) 4% Am Mch & Metals _ 4'2 Am Mch & Met ctfs. 13% Am Metals = 112 Am Power & Light - 8% Am Pw & Lt $5 pf _ 10's Am Pw & Lt $6 pf__ 103 Am Radiator 156% Am Rolling Mills .. 66 Am Safety Raz (5)- 4'4 Am Seating vte 10 20 Am Shipbldg (2)._. 430s 31% Am Smelt & Ref. 85 103 AmS&R 6%pf 113% 121 Am S&R 7% pt (1)- 63 Am Snuft (13) 12 Am Steel Foundry 3313 Am Stores (12) 55% Am Sugar (2)-. - 1813 Am Sum Tob (1) 98% Am Tel & Tel (9) 21, Am Tobacco (5) - 74% Am Tobacco B (5) - 129% Am Tobacco pf (6)- 9 Am TypeF pf (d)- 120s 7% Am Water Works__ 37 7 Am Woolen 12 '(6‘, Am Woolen pf 17 '« Am Writ Pap pf @ R Am Zinc & Lead .. 31 Am Zinc & Lead pf_ 8 Anaconda Copper._. 16's Anaconda Wire 124 Anchor Cap (80c) 101 Anchor Cap pf(612) 3'a Andes Copper = 6 Archer Dan M (1) 314 Armour of Illinois _ 5514 Armour Ill pr pf (6) Arnold Constable. so Dry Goods 807 Asso D G 18t E(16) 48 Asso DG 2dpf _ 1815 25 17% 109 ™ 66% Atch To&S F pf(5)_ Atlantic Coast Line 21%, Atlantic Ref (1) 32% Atlas Powder (2) 5 Auburn Auto 513 Austin Nichols _ 3 Aviation Corp(Del) 3% 2% Aviation Corp new 113 Baldwin Loco (d)-. Tl Baltimore & Ohfo _ 915 Baltimore & Oh pf _ 109 100% Bamberger pf (613) 4471 36! Bang & Aroos (213). % 3's Barker Brothers 105 Barnsdall Corp 50% 37': Bayuk Cigar (150c). 115 107% Bayuk C1stpf (7) .. 19 1414 Beatrice Cre (250c). 108'% 100% Beatrice Cre pt (7). 90 72 Beech-NutP (¥3)._. 13% 11% Belding-Hem(a50¢). 17% 11% Bendix Aviation __. 19% 15' Beneficial Lo (1%)- 411 34 Best& Co (2).. 34% 21% Bethlehem Steel . 77% 55% Bethlehem Stl pf. 26'% 14% Bigelow-San Corp.. 37 9% Blaw-Knox.... 6 112 108% Bloomingdale pf(7) 1001 10 6} Boeing Alrplane 597 41'% Bohn Alum &Br (3) 25% 21 Borden Co (1.60) . 413 28% Borg Warner (112)_ 11%, 81y Bridgep't Brass 40c 36% 24'3 Briggs Mfg (2) 42 23's Briggs & Strat (3) .. 36% 30% Bristol-Myers (+2)_ 3613 Bklyn-Man Tr (3) . 90 Bklyn-Man T pf(6). 1% Bklyn & Queens 14 Bklyn & Qpf (2) 43 Bklyn Union Gas(5) 123% Brown Shoe pf (7). 4% Bucyrus Erie 3 81a Bucyrus Erie cv pf_ 62% Bucyrus Erie pf (2) 3% Budd(E G)Mfg.. . 23 Budd(E G)Mfg pf._. 2'4 Budd Wheel 8% Bullard Co_ 3% Bulova Watch. 1 Burns Bros (A)..__ 13% Burr Add Mch(60c). 1 Bush Terminal (d). 10 Bush Term B pf cod 2% 1'% Butte Copper&Zinc._ 1% * Butterick Co (d). 20% 11% Byers (A M)_ 60 32 Byers (AM) pf 42% 31 bE) 4 22% 16% 224 lifornia Pkg (1% i Callahan Zinc 2% Calumet & Hecla___ 7% Campbell-Wy (a20c) 8% Can Dry G A (40c)._. 9% Canadian Pacific . 30 Cannon Mills (2) 4% Capital Admin (A). 45% Case (J I) Co 831 Case (J I) pf (4)._ 361, Caterpillar Tr (1) 19' Celanese Corp.. 1% Celotex Co (d) - 11% Celotex Co pf (d) 22% Cent Aguire (1%) 38% Cerro de Pasco (4)_ 23 Certain-teed Pr pf__ 37! Ches & Ohlo (2.80) . 36 Chesapeake Corp(3) 19% Chi Mail Order (11). % Chi Mil StP&P (d) . % Chi M StP&P pf (d) 1% Chi & Northwest . 3% Chi & Northwest pf. 4% Chi Pneumatic Tool. 20 Chi Pneu Tool pf. % Chi R 1&Pac (d) 1%2 Chi R I&P 6% pf 1% Chi R 1&P 7% pt(d) 25% Chickasha C O (2).. 3% Childs Co - 31 Chrysler Corp (1) 20 City Ice & Fuel (2). 87 City Ice&F pf(6%)_ 3% City Stores . 12% Clark Equip (M)c)__ 27% Clev Graph Br (11). 80 Clev & Pitts (3%)- 53% Coca-Cola A (3) ) 6% Colonial Beacon Oil. 5 ColoF &1Ipf (d) 7 Colo & Sou 1st pt. 3% Col Gas & Elec_ 35% ColG& Epf A (6 341 Colum Pic vte (11 67 Colum Carbon (4) 39% Comcl Credit (2) ... 112 Comcl Cred pf(5%). 56% Comcl Inv TT (12)_. 17% Comel Solv (160¢)... % Comw & Southern__ 29h Comw & Sou pf (3) Congoleum-N(1.60). 9 Congress Cigar 41 Conn R&L pf (43%)_ 7 Consol Cigar 71 €onC prpf ww 61 _ 14% Cons Film pf(31%). 15% Consol Gas N Y (1). 5214 Consol Gas pf (5) 6% Consol Oil 21 Consol RR Cuba pl_ % Consol Textile ... 8% Container Corp (A). 2% Container Corp (B). 4% Contl Baking (A) % Contl Baking (B) 46% Contl Baking pf (4). 62% Contl Can (2.40) _. 7 Contl Dia F (130(‘)_ 287 Contl Insur (11.20). THE EVENING STAR, WASHINGTON, D. €, TUESDAY, JULY 9, 1935. Net. Add 00. High. Low. Close. Onge. 4 58% B8%% 58% Lees FEEE §F T11+++10 1+ +101+1 FEsFRy 30 15 Net change. —3 Today, close. 62.2 Previous day 62.5 Month ago.. 59.9 Year ago. 83.2 ‘1935 high... 62.5 1935 low ... 49.5 1934 high .. 61.4 1934 low ... 453 1932 low ... 17.5 1929 high ..146.9 1927 low ... 51.6 +3 239 236 233 335 - 1 *New 1935 high. . 1938 Stock and Bales— Low. Dividend Rate. % Contl Motors 15% Contl O Del(a37%c¢) 41% Corn Ex BK&Tr (3) 62 Corn Prod Ref (3)_. 4% Coty Inc 36% Cream of Wh (2) _. 123 Crosley Rad (a26c). 2383 Crown C&S (1 14 Crucible 20 80s 30 2 2 1 23 5 2 29 40% Cuban-Am Sug pt uos 40 Cudahy Pkg (2%)-. 16 Curtis Publishing.__ 8915 Curtis Pub pf (7) 2 Curtiss Wright 6% Curtiss Wright (A) 16 Cutler Hammer 14 18 8 22% Deere & Co 19 Deere&Co pf ($40c) 23'% Delaware & Hudson 11 Del Lack & West. 1% Den& RG W pf_ 65 Detroit Edison (4). 86 Devoe& R (11> A__ 26% Diamond Mat (t1)_ 43% Dome Mines (12) 17% Douglas Aircraft _ 13%; Dresser M(bli%)A. 2 Dunhil Internatl.__ 12% Duplan Silk (1) 1 86% D0 Pont de N(2.60). 48 1 8% Eastern Roll Mills_ 13 1650% 110% Eastman Kod (5) - 161% 141 Eastman Kod pf (6) 22% 16% Earon Mfg (1) 29 19% Electric Auto Lits 112 107 Elec AutoL pf (7 6'a 8% Electric Boat 8% 5% Elec & Mus Ind 3% 1 ElecPw&Lt 2% Elec Pw & Lt §6 pf. 3 Elec Pw & Lt $7pf_ 39 Elec Stor Bat (2%). 52% Endicott-John (3) _. 125% Endicott-Joh pf(7). 1% Engineers Pub Sve_ 14 Eng Pub Sve $5 pf _ 14% Eng P S $5.50 pf ww 16% Eng Pub Sve $6 pf_ 5 Equip Office Bldg. 7% Erie RR__ 815 Erie R R 18t pf __ 10% Eureka Vac C (80¢). 16 Evans Prod (al)_._ b0s 1 37 49% 66% 132 | 3% 365 37 3% 5% 14 17% 12% 234 50s 1 8 4 4 3 3 3 3 1 17 Fairbanks Morse 5% Fed Lt & Tr 3% Fed Motor T (a10c). 2 Fed Screw Works _ 4 Fed Water Sve (A) 28% Fid Ph F In (11.20). 13's Firestone (40c) . 841 Firestone pf (6) A 45% First Nat Strs (233) 20% Food Machine (1) 97 Foster-Wheeler _ . 60% Foster-Wheeler pf 2% FoundationCo . . 19% Fourth Nat I (a60c) 8% Fox F (A) 30% Franklin S pf(11%) 17% Freeport-Texas (1). 4% Fuller Co 2d pf. 7 Gabriel Co (A)-. 5% Gen Am Investors . _ 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60c)_ 5% Gen Bronze. 2 Gen Cabl 4 Gen Cabl 19 Gen Cable pf_ 50 Gen Cigar (14) 20% Gen Electric (60c) 32% Gen F (1.80) L) % Gen Ga: El (A) 70% 59% Gen Mills (3) _ 34% 26% Gen Motors (1) 117% 107% Gen Motors pf (5)__ 31% 17% Gen Print Ink(1.60) 1320s 10 s 93% Gen Print Ink pf(6) 1's Gen Public Service . 15% Gen Ry Signal (1)_. 4 Gen Realty & Util._ 14% Gen Real & U pf ww 16% Gen Refractories .. 1614 Gen Refrac ctfs 14 Gen Stl Casting pf .. 12 Gillett Saf Raz (1) . 70% Gillett Saf R pf (5)- 2% Gimbel Bros 23% Glidden Co (1) 109% 104% Glidden Co pr p! 4% 1% Gobel (Adolf) (d)- 14% Gold Dust (1.20)_. 7% Goodrich (B F) 40 Goodrich (BF) pf_. 15% Goodyear T&R. - 70 Goodyear $7 pf (4)_. 214 Gotham Silk Hose__ 1% Graham-Paige_. 5% Granby Consol.. 2% Grand Union __ 183 Granite City Stl (l) 26 Grant (WT) (11).. 9%, Grt Northern pf____ 914 Grt North Ore (50c) 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 51% 20% Greyhound Corp .. 2% 1 Guantanamo Sugar. 43% 19 Guantanamo Sug pf 16 6 Gulf Mobile & N pf_ 24 12 Gulf States Steel __ 68 48 Gulf States St 1si 34 30 Hack WpfA (1%)- 7% 4 Hall W F Printin 9% 6% Hamilton Watch __ 81 63 Hamilton Watch pf. 108 101 Hanna (M A)pf(7)- 16 Harbison Walk (1) 81 Hat Co pf ww (6%) 1% Hayes Body 85 Hazel Atlas Gl (5)_. 11 Hercules Mot (60c). 71 Hercules Pw (13) _ 128 122 Hercules Pw pf (7). 10% 5% Holland Furnace _ 1 6% Holland & Son (60¢) 40% 30% Houd-Hersh (2%) A 16% 6% Houdaille-Hersh B.. 17% 9% Houston Ofl _ 3% 1% Houston Ol ( 56 43 Howe Sound (3) 6% 2% Hudson & Manhat_. 13% 6% Hudson & Man pf . 12% 6% Hudson Motor Car. 3% % Hupp Motor: 1T% 9% Illinois Central 16 Illinois Central pf__ 2% Indian Refining. 234 Indus Rayon (1.68). 60% Ingersoll-Rand (2). 46% Inland Steel (2).._. 2% Inspiration Copper. 4 Insur Sh ct Md(14¢c) 8% Interboro R T (d) . 1% Intercontl Rubbe: 4% Interlake Iron. 2% Int Agricultural.. 3% Int Car'rs Ltd (20c). 22% Int Cement (1) 34% Int Harvester (80c). 1% Int Hydro Elec (A)- 22% Int Nick Can (60c).. 4% Int Paper & Pw pf.. 27% 21% Int Print Ink (1) 98% Int Print Ink pf 9% Int Ry CApfo... 29 Int Salt (1%). 42% Int Shoe (3). 17 Int Silver. 5% Int Tel & Tel_ 8% Intersttae Dep Strs.. 6% Intertype (a20c) .- 1 1 2 8 6 2 5 3 s s 10: 4 12 261 60s 8! a1 19% % % 4% 10 46% 63% 2% 371 3 10 7 7 110s 1 15 1 108 2 2 10s 30s 1 2 10s 7 11 2 24 49 Jewel Tea (3)__ L §7% 38% Johns-Manv (a260). 18 73 50 Jones&Laugh7%pf. 420s ——— 8% 3% Kans City Southn._ 18% 6% Kans City South pf. 20% 15% Kayser (J)&Co(50¢) 55% 34 Keith-Albee-Or pf_ 2% % Kelly-Spring T (d) . 6 Kelly-ST 6% pf(d). 6 Kelsey-Hayes (A).. 3% Kelsey-Hayes (B)_. 12% Kelvinator (150¢)-- FERS FEREF 15 +.1 33.4 333 3 326 334 216 40.6 242 239 84.3 618 2% The 21% 30% 15 06 6% 11 152 713 Fairbanks M pf i3% 40- lll‘rz 112 9 11 5% 23, 1% 37 16% 33 90s 105 2% 304 29% 32 10s 104 2% 08 85 8% STOCK AVERAGES Compliled by the Associsted Press. 3 1041 104 2% Th 21 29 26 29% 14% 2 92 3T% 36% 3% 25 20% 2% 15 104% 6 150 12% b4 2% 1 36% 16 94% 53% 427 70 34 105 2% 293, 29% 131 1% 10% Th 38% 16 13% 2% 4T% 3 8% % 1% 46 16 10% E Y 53% Incust. Rails, Util Stocks. Addog llih. Low. Close. Ohge. " - 15% 45%: + 64 1281 + 2% = 36% 36 36 S 1444410 FEF FEF FEEIE ¥ 19% 20% 1124 13 % 2% 273 34% 8 llth 114% 114% 31% 32% +1% | 105 2% 30% + 13 + 21% + 22% — 22% — 24 16% + 86% + 2% — 27% + " 108 1% = 16% — 8% ~ 43% — 108 123% 123% 128% + % 0% 10% + T%h 38% — 16 131 2% 48% + 3 + 8% + % = 1% - 13% + 26% Ml lm lOl\fi 1m + W 10 —l “% - \fi -l'h 16 11 +l 9% + % 60 + % 54 -1 62 ~ 5% + 8% — 19% + 165% - 5% 13% (13% — Pu'. 1938 Stock and Bales—— High. Low. 95 84 Kendall Co pf (16).. 30s 21% 13% Kennecott C (60c)_- 74 38 23 Kinney (G R) Co pf. 100s 24% 19% Kresge (S8) (1) 2! 113 103 K e (8 B)pf(7)- 69% 564 Kress (S H) (t1) 29 22% Kroger G&B (1.60)_. 12 Laclede Gas St L. 24 Lambert Co (3) 815 Lee Rub&Tire (50¢) 10% Leh Port Cement __ 89% Leh Port C pf (3%2). 5% Lehigh Val Coal pf_ 5 Lehigh Valley RR_. 67% Lehman C (12.40) __ 14 Lehn & Fink (1%) 21% Lib-O-Ford G1(1.20) 21 Life Saver (1.60) _ 93% Ligg & Myers (14)B 16% Lily Tulip Cup(1%) 13% Lima Locomotive. . 17% Link Belt (80c) 24% Liquid Carb (1) 31% Loew’s Inc (2)- 1% 1 LoftIne 41% 33 Loose-Wiles (2)_ 130 121% Loose-Wiles pf (7). 22 18% Lorillard P (11.20). 1% ¥: La Oll Ref (d) 19% 10% Louisv GRE(A)1%. 47% 34 Louisv & Nashv (3) 19% 12% Ludlum Steel 110% 90% Ludlum Stl pf ("n) 46 40 McAndrews&F(12). 130 113 McAnd & F ptf (6)__ 86% 28 McCall Corp (2)_ 13 7% McCrory Stores (d) 12% 6% McCrory 8trs B (d). 8% 7% McGraw Hill Pub _ 46% 36% Mcintyre Porcu (2) 116% 90%: McKeesport T P (4) 5% McKesson & Rob 81 McLellan Stores___ 85% McLellan Stores pf. 18% Mack Truck (1) 30% Macy (R H)& Co(2) 18% Magma Copper (2). 29 Man Elev gtd (d) _. 13% Man El md gtd (d) . 10 Manhat Shirt (60c). 4% Marancha Corp __ 5% Marine Midld (40¢c). 3% Market St Ry prpf . 20 Marlin-Rockwell(2) 64, Marshall Field == 23% Mathieson Alk(l%) 36% May Dept Str (1.6 3215 Maytag xw (13% )A. 841; Maytag 1st pf (6) . 41 Melville Shoe (2%)- 3 MengelCo .. 2414 Mesta Mach (l%). 2% Miami Copper._.___. 9% Mid-Cont Pet(albc) 81, Midland Steel Prod. 60%s Midl'd Stl 1st pf(8). 120s 58 Minn Hon R (13) 2 3% Minn Moline Pw 31 Minn Moline Pw pf_ 108 2 23 108 5 1 1 108 1 8 8 5 31 7 2 4 » 1 1 14 % 3 % % 5% Mo Kans & Tex pf _ 10% Mohawk C M (a2be)x 85 Monsanto C (1) 21% Montgomery Ward_ 1 Mother Lode 17% Motor Products (1). 7% Motor Wheel (50¢c) 7 Mullins Mfg 74 Mullins Mfg pf__ 4% Murray Cor) 1 13 220 e 3 37 L3 = 4 100s 19 11 Nash Motors (1) __ 14 NashvChat&StL__ 415 Nat Acme Co_ 6% Nat Aviation 22% Nat Biscuit (1.60).. 131 Nat Cash Rx A (50c) 11% Nat Dairy Pr (1.20). 12 Nat Dept Stores (d) 17 Nat Dept Strs pf(d) 2313 Nat Distillers (2) __ 21 Nat En & Stpg (2)_. Nat Lead pf (6) B__ 47 Nat Pw & Lt (80c) - 40% l\lt Steel (11). 7% 30s 15 814 Nat Tea (60c) 7'z Natomas Co (80c) . 432 Newberry J J(1.60) 4% Newport Industries 18% N Y Afrbrake . 12% N Y Central RR. 9%ANYChi&StLpf__ J N Y Investors (d) . 2% N Y N H & Hartford 6 NYNH&Hartfpf 64 N Y Shipbuilding__. 79 N Y Steam 1st (7). 42 30% Noranda Mines (2). 180'3 158 Norfolk & W (18) __ 4 2 North Am Aviation. 18% 9 NorthAmCo (1). . 92 57 North Am Ed pf (6) 21% 13% Northern Pacific _. 40 35% Northwest Tel (3) . 2% 1% Norwalk Tire&Rub hed 8 14% 164 97 % 141 4%y | 26% 51 20%, 9% Ohio Ofl (al5¢) . 1 Oliver Farm Equip. 13% Oliver FEprpf A . 3% Omnibus Corp 113 Otis Elevator (§0c)” 1256 106 Otis Elev pf (6) __. T4 4% Otis Steel 46% 23% Otis Steel pr pf | 104 80 Owens-Ill Glass(4) 213 1 Pacific Coast 4 1 Pacific Coast2d_ 26% 13% PaciicG&E (1%). 10 37 19 PacificLtg (2.40)_. 23 106 70 Pacific Tel & Tel (6) 120s 13415 111% Pacific T & T pf (6). 30s 91y 1 5% 12% 4% 6 1% 17% 15 21 1 2 30 208 10 2 81 % " % F 408 40s FEEy 6% Panhandle P&R pf._. 2% Par-Public cod (d). 3% Park Utah ____ % Parmelee Transp’ 8% Pathe Exch (A) 8% Patino Mines 1% 7 Peerless Mo! 77 57% Penney J C (2) 110 103% Penney 7 C pt ( 515 Eenn pixie Ceme 27% 18 Penn DixieCpt A__ 25% 17% Penn RR (1) 3% 19% 115 20% 43 6 4% 53% 23 35 FETE F FEFEEes 7% Petrol Corp._ 12% Phelps Dodle(lzbc) 23 PhilaCo 6% pf (3)- 3% Phila Rap Tr pf(d). 1% Phila & Read C&I 35% Philip Morris (1) 18% Phillips Petrol (1) . 31 Pillsbury Fl (1.60) 221 Pitts Steel pf__ 1 Pitts Term Coal ___ 10% Pitts Term Coal pf.. 1% Pitts United Corp. 242 Pitts United C pf. 6% Pitts & W Va 1 Pittston Co 6 Plymouth O 6% Poor & Co (B) 4% Postal Tel&C pf (4). 55 Pressed Stl Car (d)- 615 Pressed Stl C pf (d) 42% Proc & Gambl (1%). 20% Pub Sve N J (2.40)... 62% Pub Sve N J pf (5)-. 85% Pub Sve N J pf (7). 5% Pure Ofl _ 34% Pure Oil 6% pf-. 49% Pure Oil 8% pf. 8% Purity Bakeri E L LY % W bl % % % 1044 0% 14 6% 62% 59% 2% 21 43% 4 Radio Corporation__ 50 Radio Cor pf A(3%) 35% Radio Corppf B. .. 1% Radio-Keith-Or (d) 16% Raybestos-Man (1). 29% Reading (3) 3% Real Silk Hosl 5 Rels (Robt.) 1st pf_ 7 Remington-Rand 71% Remington-R 1st pf 89% 70 Remington-R 2d pf. 2% Reo Motor Car.. 9 Republic Ste Lead Is Boosted Another $1 a Ton To 4.15 Cent Mark ‘.’mmlthflh“ NEW YORK, July 9.—The American Smelting & Refining Co. today ad- vanced the price of lead § points, or $1 a ton, to 4.15 cents a pound, New York. 8t. Joseph Lead Co. followed the advance with & $1 ton increase to the 14 | Qquivalent of 4.20 cents & pound, New %' York, and ¢ cents, 8t. Louls, ) Y » ki % Y Dividend Rate. Add 00. ll’:l. Low. Close. Ohge. | High. 18% 18 108 132% Net. Prev. 1035 Low 95 96 <+2% 18% 54 6% 3 Rutland _— 46 36% Safeway Stores (3). 118% 104% Saleway Strs pf (6) 114% 110 Safeway Strs pf (7) 10% St Joseph Ld (40¢c) - % St i,-San Fran (d).-. 1 St L-SanFrpf (d)- 22 Schenley Distillers. 1% Schulte Retail Strs. 55 Scott Paper (1.80)_. 20% Seab’d O Del (160c). 31 Sears Roeb’k(a76c) 1% Second Nat Invest __ 21% 2 2% 30% 4 69 35% 4% 2 b2% 10% 14% 5% 40 Sec Nat 3% Sharp & 18% — % 113 424 45 + 5 125% — % 34% +1 8 8 +h T% — % 40% — W 116 + % 6% + W 12% 96% +1% 11 45 44 26% 125% 34% 8% 8 ™% 40% 17 6% 12% 96% 20% 32 Spencer 4% 4 5% 128 16 15 387% 16 111 214 Stone & 115% Sun Ofl 21% 11 3 9% 19% 14% Swift & K XY 51 23% T+ 144+14014+ Pl riss 17 % Tide W FEFFE & 28% Timken [RREN ] 69 Tri-Con 2!3 Twin Ci sesesdisfsesss 9% 207% 4444440040001 laA‘zNS U S Gy 35% U S Ind 3 U 7% ServelInc.. . ._._. 9 Sharon Steel Hoop_. T% Shattuck (F G) (25¢) 5% Shell Union Ofl. 63'% Shell Union Ofl pf _ 8% Silver King C(40c)- 6 Simmons Co 5% Simms Pet (a50¢)_- 615 Skelly Oil 60 Skelly Oil pf ww 24 Sloss-Sheffield pf. 15% Snider Packing Socony-Vac (60c) _ 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific 5% Southern Railway .. 7 Southern Rwy pf__. 5 Spalding (A G). 42 Spalding(AG)1st pf 89% Spang Chalf pf (12) 3% Sparks-Withington 7% Sperry vte (a25c) 814 Spicer Mfg 33Y% Spicer Mfg pf (3) - 43% Spiegel- 13% Stand Brands (1) 214 Stand Com Tobacco 1% Stand Gas & Elec .. 1% Stand G& E $4 pf . 4% Stand G & E $6 pt__ 6 StandG&ESTpf _ Stand Inv Corp ___ 27% Stand Oil of Cal (1) Stand Ofl Exp pf(5) 23 Stand Oil of Ind (1) 26% Stand Oil of Kan(2) 35% Stand OfI N J (+1) . 1214 Starrett(LS) (a25¢) 58% Sterling Prod (3.80) 6% Stewart-Warner 47, Transamerica( 5's Transue&Williams. 17 Tri-Contl Corp 1% Ulen & Co ___ 53% Und-Ell-Fisher (2) 29 Union Bag&Pap (2) 44 UnCarb & C (1.60) 14% Un Oil of Cal (1)... 3233 Un Pacific (6) Un Pacific pf (4) Tank Car (1.20). 9% United Aircraft. 43 United Alr Line vtc 7 United Am Bosch 20% United Bisc (1.60 60% 46 United Carbon 2.60_ 1% United Corp. 208 United Corp pf (3)_. 8% United Drug 3% United Elec Coal .. 71% United Fruit (3) Inited Gas Imp (1) ited Gas I pf (5) 10 United Pce D W pt % U S Distributing - 40% U S Gypsum (1) S Leather vte FINANCIAL, naoo High. 12 54 8 22% 1 22 46 52% 1 3% 10 39% 39% 508110 109% 108 113% 113% 36 18% RRpf . % Inpf(31%) Dohme Kell (1.60) May-Stern XN A—17 RAIL STOCKS G0 10 HIGHER LEVELS Scattered Specialties Also Up—Realizing Halts Some Recent Favorites. What Stocks Did. Advances Declines Unchanged Total issues 782 BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, July 9.—The long- lagging rails and scattered specialties were the bright spots in today’s stock | market. | The carriers, while not holding treir extreme gains of around a point or so, finished with moderate ad- | vances. Profit taking halted some of the recent favorites. The close was | steady. Transfers approximated 1,300,000 shares. Trading sentiment was aided some- what by spurting wheat prices at Chi- cago. The cereal was up around 4 cents a bushel on black rust and drought damage reports. Cotton moved forward after a slow start. | Junior rail bonds got back some of their recent losses. Remington Rand stockholders were told the net earnings for the com- pany in the second quarter probably would be 125 per cent ahead of those in the corresponding period last year IO =% -'\ + Webster . 21, Studebaker Corp Pt (6) Superheater (50c) .. 1% Superior Ofl 5 Superior Steel Co (t50¢) -~ % Symington (d) 7 Telautograph (60c) 4 Tennessee Corp . _ 1615 Texas Corp (1). . 28% Texas Gulf Sul (2)_ 14 Texas& Pac RR 814 Tex Pac Coal & Oil 31; Tex Pac Land Trust 13% Thatcher M (ad0c) - 2% Thermoid Co - 2 Third Avenue < 16 Third Nat In (a50c 13% Thompson Products 1% Thompson Starrett Thompson Star pf _ 2+ W +1h t Asso Oil 84 Tide Wat A O pf(6) 26% Tide Wat O (a6ic) 100 Tide Wat Ofl pf (5) 4% Timken- Detroit ___ RB (11 c). t1 Cor pf(6) 36 TricoProd (2%) 4'3 Truax-Tra Coal 313 Truscon Steel tyRT o= 3 24 =4 -§ - % n b Tl +1% _x, p % £ —5u | n k¥ % 20s -1 2 20 40s 33 sum pf (7) Alcohol (2) 7'2 U S Leather A vte _ 14% U S Pipe & F (5uc) 19% U S P&F 1st pf1.20 3 USRealty&Imp - 021 101% 913 U S Rubber 2415 U'S Rubber 1st pt _ 2% 2% 24% 3% 2 95 2% 62% U S Sm 24% 36% 107% T % 12% % 4% K 664 b1 2 3% 38% 26% T Warren 30% Wesson 18 West'g! 29 Weston ©wrw® & * 1 51 + FEF FEFFIN FOF 38% Young! 11:00 AM...... 1:00 P.M.. eash ml FFEFFEFS lus ulfl m 2, Ve on-ferrous metal market author- ities report that the lead price struc- ture continues to display & firm under- tone following today’s increase. mnblllwdnhmuuflm.mh\ s 8t. Joseph Lead, to demand a pre- mium for its metal indicates the sat- isfactory relationship between con- I-unyflm and production, metal men; say, and the reluctance to accept more business at current quotations. Republic Steel Corp.—Net profits of company in aix months ended June 30 were astimated at 47 cents per commeon share, 21% 11% Vanadium Corp. 34 Vick Chem (12) 27% 17 Va-Car Chem 6% pt 4% Waldorf Sys (b20c) green Co (1.40). 1% Walworth Co 281 Ward Baking pf (2) 2% Warner Bros Pic 14% Warner Bros Pic pf 30s % Warner-Quinlan___ 72 Wesson O&S pf (4) - 34 West PaElec (7)A 3808 36 West Pa Elec pf (6) 120s 39% West Pa Elec pf (7) 95 West Pa Pwr pf (6) 53 Western Maryland_. 23 Western Pacific pf_ 20% Western Union 329 Westingh'se Elec 90 West'h'se 1st pf 3%y 16% Westvaco Chi ‘40c) 14% Wheeling Steel __ . 46% Wheeling Stl pf(11) 6% White Motor 6 White Sew Mch pf_. Wilcox Oil & Gas .. 3% Wilson & Co (a2bc). 53 Wilson & Co pf (6) - Woolworth (2.40) __ 11% Worthington Pump 25% Worth Pump pf A__ 140s 35% Wright Aero __ 17% Yale & Towne (60c) 2% Yellow Truck 31% Yellow Truck pf _ 18 YoungSp& W (Vl). 18 YoungstownS& T. 1% Zenith Radio Approximate Sales of Stocks on the N. Y. Stock Exchange. Total sales for fln dly. tes as given in Dot "n-a e test "quarierty ‘O Balryearty dln‘.lthhl.l than 100 shares. | STEEL INGOT OUTPUT U S Smelt & R (af) &Rpf (312) 27% U S Steel __ 94 73% U 8 Steel pf (2) 140% 119 U S Tobacco (15 7% 3% United Stores (A) . Univ Leaf Tob (12). 1% Univ Pipe & Rad .. 1 UtilPw&Lt(A) . 42 1 1 7 1 Bros cv pf__ O&S (150c) 60s 108 12 2 132 16 149 40s 108 4 2 A Bb0c_ Elec (2) A _ 1 TR 3 3 8 7 35 10 150s 5 - 2 108 1 65 'wn S&T pf 2% 420,000 12:00 Noon. 860,000 2:00 P.M . 1. 860 000 ire the annual + Paid this n-rn 0 Tecelve: lPlMl rahip being | LAGS BELOW 1934 MARK By the Associated Press. NEW YORK, July 9—Steel ingot | production during June by companies | making up 9791 per cent of United States, mills amounted to 2,230,893 gross tons, compare with 3,059,483 in the same month last year, according to the American Iron and Steel Insti- tute. Percentage of operations to capacity during the month was 40.31, against The stock was inactive and slightly ymproved. Among the better shares, with ad- vances of fractions to a point or more during the greater part of the session. were Santa Fe, Union Pacific, New | York Central, Southern Railway, American Tobacco “B,” Liggett & My- ers “B.” United States Industrial Al- cohol, Howe Sound. Anaconda, Inland Steel, Fox Film, Loew's and Western | Union. Losers included McIntyre Porcupine, Dome, United States Steel preferred, American Can, Bohn Aluminum, Du Pont, Johns-Manville, Westinghouse 1 | and Case. The mail order, farm im- | plement group, steels, utilities and i MOtors were narrow. 1% ‘ 5 b ) New York Cotton By the Associated Press. NEW YORK, July 9—Cotton was | quiet and generally higher today on trade buying or price fixing ‘i the | near months. After showing net advances of 11 to 16 points with October sellng up to 11.80, prices reacted slightly and the midafternoon maiket was quiet, | but steady at net advances of 9 to 12 points. Futures closed steady Cottonseed Oil. | Bleachable cottonseed oil future: | closced steady. September, 9.99b; Oc- tober, 10.00b: December, 9.95: Jan- uary, 9.96b. Sales, 95 contracts. b—Bid * Liverpool Quotatlons LIVERPOOL. July 9 —Cotton. 4.00¢ bales; American nil: spot in limited de- . mand: prices 2 points higher. Quotation: ce: American strict good middling 17 strict middling [ strict low middling low _middii : 57: “strict | Srdinarse 65 bod " raimerr G Futures closed ey et 6:” ;l!ldy‘“.vuls. .56 2 cember, 6.14; Jan 6.13: u-rch 8.12 lny. 6.10, s | 848, 000,0( 000 Bonds Of Armour & Co. Offered to Public By the Associated Press. NEW YORK. July 9 —Public offer- ing was made :ast night of the $48.000.- 000 Armour & Co. of Delaware first mortgage 20-year 4 per cent sinking fund bonds, series B, due August 1 1955. Underwriters set a price of 98! per cent to yield about 4.13 per cent t¢ maturity. Net proceeds of the sale will be ap- plied to redemption September 7 at | 105 per cent the company's first mort- gage 20-year 5'; per cent guaranteed gold bonds due in 1943, outstanding in the principal amount of $42,218,000, 00€ * DIRECTORY COMMODITY BROKERS 'TTO! Member N ¥ Cotton Exchange DI 2255 Laidlaw & Oo. ‘Membe; Dl l"bb NA 5500 RUBBER~—HIDES METALS—SILE OU'LL find it not only convenient but profitable to place your apartment house and residential properties in charge of our Property Mane agement Department. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans 83.44 (n the sames month & year ago,