Evening Star Newspaper, July 19, 1935, Page 14

_A—14 xR Fl NANCIAL BANK COMMITTEE LIST IS COMPLETED Evans, Thomson and Her- ron Head Personnel, Pub- licity, Auditing Groups. BY EDWARD C. STONE. Charles H. Doing, president of the | District Bankers' Association, has ap- pointed Jcshna Evans, jr., vice president of the Hamilton Na- § tional Bank chairman of the association’s Per- sonnel Commit- tee; Eliot H ‘Thomsen, Wash- ington Loan & Trust Co., chair- man of the Pub- licity Committee. and W. Frank D Herron, vice pres- ident. Union *Trust 100, “chatr- Sl DO SRR man of the Auditing Committee, it was an-| ncunced in the financial district to- day. This action completes the roster of the standing committees for the com- ing year, with the exception of the Protective Committee, which will be named by President Doing upon re- turn from his vacation August 1. Assisting Mr. Evans will be Richard | A. Norris, Lincoln National Bank, as vice chairman of the Personnel Cem- mittee; David Bornet, National Savings & Trust Co.; Robert E. Briggs, National Metropolitan: B. | Gynn Dent, Riggs National; Leon- ard Marbury | ‘Washirgton Loan | & Trust; S. 8 Ogilvie. Second | National: L.| Pierce Riddle | American Secur- ity & Trust, and Joseph Sanders, Bank of Commerce & Savings. This committee’s work will deal with the type and qualifications for employment of men and women in the local banking institutions, and, in view of legislation regarding retire- ar. crank D. Herron. Prev. 1035 Stock and High. Low. Dividend Rate. 3714 32 Abr& Strauss (1) 6212 51 Acme Steel (2 7% 4% Adams Express 33% 28 Adams Millis (2) .. 11% 8 Addressog’h(albc). 12% 415 Advance Rumley . 8% 6% Affiliated Pro (60c). 104% Air Reduction (¥3) - % Air-Way Elec Appl. 15% Alaska Jun (160c) . % Alleg Corp (d) 24, Alles pf w830w (). 1% Alleg pf xw (d) __. 21 Allegheny Stl (1) 125 Allied Chem (6). 3% Allied Stoes 12 Allis Chalmers | 14 Alpha Port Cmt (1) | 215 Amal Leather 2 | 485 Amerada Corp (2) . 41% Am Ag Ch Del (2) 13% Am Bank Note _ 43 Am Bk Note pf (3). % 21 Am Brk Shoe (1) . 119 Am Brk Shoe pf (7) 110 Am Can (4) 151% Am Can pf (7) 10 Am Car & Foundry - 2515 Am Car & Fdry pf__ 8 Am Chain 66 Am Chicle (+3) _. Am Comcl Alcohoi .. Am Crystal Suzar__ % Am Encaustic (d) . 2 Am & Foreizn Pwr 12 Am & For Pw $6 pf. 14 Am & For Pw $7 pf. 3% Am & For Pw 2d pf. 24 Am Hide & Leather. 17 Am Hide& L pf . 29% Am Home Pr (2.40). 3 Am Ice 22 AmIce pf (6) 4'5 Am International _ 9 Am Locomotive _ 2 Am Locomotive pf 815 Am Mch & Fy (80c) 4% Am Mch & Metals _ 4'3 Am Mch & Met vtc. 1312 Am Metals 1% Am Power & Light_ 8% Am Pw & Lt $5 pf __ 10% Am Pw & Lt $6 pf .. 10", Am Radiator 15% Am Rolling Mills ... 415 Am Seating vte ___ 20 Am Shipbldg (2) _ 31% Am Smelt & Ref 103 AmS&T 6% pf $13% Am S&R 1% pf (7). Am Snuff (13) Am Snuff pf (6) Am Steel Foundry Am Stl Fdry pf (2)_ Am Stores (+ Am Sugar (2) s Am Sug pf (7 » 4 Am Sum Tob (1) __ % Am Tel & Tel (9) Am Tobacco (5) Am Tobacco B Am Tvpe F pf (d)__ 4 Am Water Works _ Am Wat W 1st (6)- Am Woolen __ Am Woolen pf Am Zinc & Lead Am Zinc & Lead pf . 48 4% 35 ment allowances, the problems in- volved make the committee one of | the most important in the associa- | uon. | With Chairman Thomson on the Publicity Committee will be Aubrey ©O. Dooley, Hamilton National Bank.| chairman: Wilmer J. Waller, also | of the Hamilton: Robert L. Flather, | American Security & Trust Co., and PBarnum L. Colton, National Savings & Trust Co. The Auditing Committee does mnot require such large membership. Chair- man Herron will be ably assisted by J. Dann Faber, auditor of the Amer- jcan Security & Trust Co. and Arthur J. Linn, controller of the Yamilton National Most of these bankers have already yendered valuable service to the assc- ciation, twe being tormer presidents | All have had wide experience in banking. Lynchburg Bonds Taken Here. Yesterday the local investment firm | of Brown, Goodwyn & Co. was a| member of the syndicate headed by | the Chase National Bank of New York, which was successful in buying $235,000 City of Lynchburg, Va. 1’z per cent bonds maturing from six months to five years. The bonds were | immediately reoffered at prices to | vield from ; per cent to 13 per cent, and it is understood that they were immediately sold. The total amount of this issue was $500,000 and the city awarded the bonds in two separate lots. The syndi- cate in which Brown, Goodwyn & Co. participated obtained $235,000 of the bonds as 1l,s at 100.027. Another group bought $265,000 of the bonds due from 1941 to 1945 at 100925 as 2s. The interest cost to the city for the $500,00¢ is 1.775 per cent, which is | probably the lowest rate of interest at which money has ever been bor- rowed for this length of time by any Virginia municipality. The credit of the City of Lynchburg is considered unusually strong and the price at which its bonds sold is clear evidence | of this fact. American Stores Sales Gain. Sales of the American Stores Co. for the four weeks ended June 29 totaled $9,072,179, against $8,848,731 in the compnratlvexpertod a year ago, an increase of $223,448, or 2.5 per cent. The company also reported sales for the first six months of this year as compared with the first half of 1934, $58,776,360 against $58,003,548, an in- crease of $772,812, or 3 per cent. Sales for the five weeks ended June 1 showed an increase of 1 per cent as | compared with the corresponding pe- | riod in the previous year. The revort | is in line with other recent chain store returns. Bond Issue Oversubscribed. The Richmond Reserve Bank today notified banks that the offering of $100,000,000 27% bonds brought out tenders for $510,958.000 | face amount of the bonds, $101,967 000 being accepted. The yield is ahout 277 per cent to the first call Aate, March 15, 1955. and about 2.78 ver cent to maturity, March 15, 1960. The Reconstructiniy Finance Corp. holds $1,009,420.054 in _ preferred stock, capital nows ard debantures, | and in loans secur.d by preferred | stock. of 6,468 banks of the cwntry. | Jesse H. Jones, . F C. cha'rman, | has indicated ¢nat tb~ R F. C. policy of recapitalizing the Nation's oarking | structure is about comulete. Interest and div.cends on the R F.| C. investment ic: th= Netion's panking system are being paid regularly on 85 per cent of the adva.«+ments, sccord- ing to Chairman Junes | Brown, Harriman & Co. were the successful bidders for $160,000 Mon- yoe County, Ind advencement fund bonds, offering a n.éiuium of $1.361 for 2%s. Brice & Uo. were second high bidders. Capital Traction Advances Capital Transit stnck was strong on the Washington Stock Exchange to- day, opening with a small lot selling at 20% and ciosiag at 203, a new high on the present nwve. The final bid was 20, with 70" asked. Potomac Electric Puwei 6 per cent stock sold up w 1:13,, & high for the year, while Washingr Railwuy & Electric preferred movea at 105%. National Bank of Washington stock appeared on the board again today. 11 shares changing handr at 104, Washington Gus % series B fig- ured in 10 consesutive sales ‘o baby bonds at 103. The market ciosed with Capital iractha 5s' selling to the extent of $1.006 a1 98%. 1t was = ‘market, buyers :euhtu'vmmm baving to|. Anaconda Copper._. Anaconda Wire __. 212 Anchor Cap (60c) _ Archer Dan M (1) Archer Dan pf () _ rmaur Del pf (7). Armour of Mlinois Armonr 111 pr pf (§) Armstronz Cork 50c Arnold Constable Asso Dry Goods Asso DG 1st pf(39) Asso Oil (a80c) Atch To&S Fe (a2) Atlantic Coast Line Atl Gulf&W ind Atlantic Ref (1) _ Atlas Pwr pf (6) Atlas Tack 15 Auburn Auto 5'z Austin Nichols 2% Aviat'n C'p (Del)72 241‘\ % 106% 4 6% 26% 1': Baldwin Loco (d) 712 Baldwin Loco pf (d) 15 T14 Baltimore & Ohio . 17% 9 Baltimore & Oh pf . 109 100% Bamberger pf (615) 45 36% Bans & Aroos (215) 482 32 Barker Brothers pf_ 5% Barnsdall Corp 9 14% Beatrice Cre (a50c) 4 1001 Beatrice Cre pf (7). 11! Belding-Hem (a50c) 11% Rendix Aviation 15' Beneficial Lo (1%)_ 34 Best& Co (2) g 215 Bethlehem Steel 55% Bethlehem Stl pf _ 14% Bigelow-San Corp.. 95 Blaw-Knox 5 28% Blumenthal pf ____ 6% Boeing Airplane 39% Bohn Alum &Br (3) 90 Bon Ami (A) (+4) 471 Bon Ami (B) (+2) _ 21. Borden Co (1.60) 28% Borg Warner (114) 812 Bridgep't Brass 40c 24 Brizgs Mfg (2) 2314 Briges & Strat (3) . 30% Bristol-Mvers (12)_ 361 Bklyn-Man Tr (3) _ 90 Bklvn-Man T pf(6) 43 Bklyn Union Gas(5) 53 Rrown Shoe (3) 123% Brown Shoe pf (7) 3% Brunswick-Balke _. 4% Bucyrus Erie 8'% Bucyrus Erie cv pf 62% Bucyrus Brie nf (2) 3% Budd(EG)Mfg . Budd(E G)Mfg pf _ 215 Budd Wheel _____ 8% Bullard Co 3% Bulova Watch _ % Burns Bro B (d) ... 2 Burns Bro pf (d) __ 13% Burr Add Mch(60¢) 11% Byers (A M) 32 Bvers (A M) pf ——e 42% 33 California Pkg(1%) 14 Callaban Zinc o 215 Calumet & Hecla 7% Campbell-Wy (a20¢) &% Can Dry G A (40c) 9% Canadian Pacifie __ 30 Cannon Mills (2) 45% Case (J 1) Co 361 Caternillar Tr (11)_ 19 Celanese Corp 11% Celotex Co pf (d) 221 Cent Aguire (115) 6% Century Rib Mills _ 38% Cerro de Pasco (4). 3% Certain-teed Prod 23 ‘ertain-teed Prp* 3714 Ches & Ohio (2 80) % Chi & Grt West (d) . 1% Chi & Grt W pf «d) 15% Chi Mail Order (#1) % Chi Mil SIP&P (d) % Chi M StP&P of (d) 1% Chi & Northwest 3% Chi & Northwest pf 4% 22% 4% Chi Pneumatie Tool 20 Chi Pneu Tool pf 1% Chi R 1&P 6% pfd) 1% Chi R T&P 7% pf(d) 10 Chi Yellow Cab (1) 25% Chickasha C O (2) . 3% Childs Co 9 Chile Copper o 31 Chrysler Corp (+1) 20 City [ce & Frel (2)_ 87 City lee&F of(61) 12% Clark Equip (80c) _ 32% 27% Clev Graph Br (1) 224% 161% Coca-Cola (3) 18% 15% Colzate-P P (50¢c) . 105% 101 Colgate-P-P pf (6)_ 9 Colling & Aikman 69% Collins & Alk pf (7) % Colo Fuel & Ir (d) 5 ColoF&Ipfd) . 10% Colo & South 7 Colo & Sou Ist pf 6% Colo & Sou 2d pf __ 3% Col Gax & Elec 35% Col G & Enf A (6 31 Col G & Epf (5) 34% Colum Pic vte ¢t 67 Colum Carbon (4).. 48% 39% Comel Credit (2) _. 114% 112 Comcl Cred pf(5%) 68% 564 Comel Inv Tr (+2)_ 115% 111 Comel | T ev pf (6. 17% Comel Solv (+60c) _ % Comw & Southern _ 29% Comw & Sou pf (3) 36% 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%) 7 Consol Cigar 7 ConCor ot ww 6% . 3% Consol Fi 15% Ovuol GIIN Y. Gas of (5) .. l% Gon-ol Laundries _ 6% Consol Of} - 23 Consol gzmc-:- of- fl Container Corp (A) r 00 Illlll. 40: 3 e mRanRawn-wane 46% 27% 6‘ 127 142% 153" o 2 $A$= 1y P R=1~ RookanaB3s3Roaranwmomwzein =1 " » Fhmm T o H 3 12 10 19 12 18 3 30s 20 10 3 48y l ul 6 lll 21% 1% 49% 37% 4 bt L g2 52525883 « BeRpR THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JULY 19, 1935. By private wire direct to The Star. 30 Net change.. —. Today's close 62.7 Previous day 63.1 I 24% gt low -__ 51.6 61% 46% 27% 63% 35% 127 140% 158% 0! . 1935 Stock and Low Dividend Rate. 2% Container Corp (B) 4% Contl Baking (A) .. 5 Contl Baking (B) 46% Contl Baking pf (4) 62% Contl Can (2.40) 7 Contl Dia F (a30c) - 287 Contl Insur (71.20). % Contl Motors 15% Contl O Del(a3?1%c) 41% Corn Ex BK&TT (3) 62 Corn Prod Ref (3)_. 149 Corn Prod pf (7). - 4'% Coty Inc 35% Cream of Wh (12)_. 23% Crown C&S (1) 43% Crown C&S pf(2.70) 14 Crucible Steel ____ 5 CubaRRpf 5% Cuban-Am Sugar _ 40%; Cuban-Am Sug pf_. 40 Cudahy Pkg (212)_. 15 Curtis Publishins . 89'2 Curtig Pub pf (7)__. 2 Curtiss Wrizht 6% Curtiss Wright (A) 16 Cutler Hammer ___ 22% Deere & Co _ 19 Deere&Co pf ($40c) 231 Delaware & Hudson 11 Del Lack & West .. 65 Detroit Edison (4)_ 35% Devoe & R (T1) A 34 Dome Mines (72) 6% Dominion Stores 1713 Douglas Aircraft 1 86% Du Pont de N(2.60)._ 131 126% Du Pontdeb (6) 114 104 Duquesne Lt 1st(5) 8 a3, Kastern Roll Mills_ 152 1101 Eastman Kod (5) lfil', 141 Eastman Kod pf (§) 165 katon Mfg (1) - 194, Electric Auto Lite_. 107 Elec Auto L pf (7)- 37 Electric Boat 1 Elec Pw & Lt = 213 Elec Pw & Lt $6 pf_ 3 Elec Pw & Lt $7pf. Elec Stor Bat (2%) % Endicott-Joh pf(7) Enz P S $5.50 pf ww arie R R 81y hrle R R 1st Df _— t 17 Fairbanks Morse 711 Fairbanks M pf i3% 5% Fed Lt & Tr 3% Fed Motor T (al0c) 2 Fed Screw Works 7 Fed Water Sve (A) 1614 Fed'd D Strs (160c) 2813 Fid Ph F In (11.20) 13's Firestone (40c) = 841 Firestone pf (6) A 45% First Nat Strs (212) 21, Follanstee Bros(d). 20% Food Machine (1) .. 97 Foster-Wheeler . 2% Foundation Co 19% 8% Fox Film (A) > 30% Frank Sim pf $3% 17% Freeport-Texas (1) 15 Fuller Co pr pf 7 Gabriel Co (A) _ 7 Gamewell Co 515 Gen Am Investors _ 32% Gen Am Trans(1%) 11% Gen Asphalt s 3en Baking (60e) _ 115 " Gen Baking pf (8) - 5% Gen Bronze 4 Gen Cable (A) 2015 Gen Electric (60c) - 32) Gen Foods (1.80) 1 Gen Gas & El (A) en Mills (3) 26"- Gen Motors (1) 15 107’3 Gen Motors pf (5) 175 Gen Print Ink(1.60) 1'% Gen Public Service_ 15 Gen Ry Signal (1)_. 3, Gen Realty & Util 14% Gen Real & U pf ww 16% Gen Refractories 14 Gen Stl Casting pf 12 Gillett Saf Raz (1) - 701 Gillett Saf R pf (3)- 2'x Gimbel Bros 18 Gimbel Bros pt 23% Glidden Co (71) % Glidden Co (rights) 1% Gobel (Adolf) (d) I+t + » FHL L4+ +1 1+ - . o | + 7% Goodrich (BF) ... 40 Goodrich (B F) pf_. 15% Guodyear T&R - __ 70 Goodyear $7 pf (4)_ 20 Gotham Silk H pf 1% Graham-Paige . 5% Granby Consol..... 2% Grand Union 181 Granite City Stl (1) 26 Grant (W T) (11)__ 22% 9% Grt Northern pf 12% 9% Grt North Ore (50¢c) 3274 26% Grt West Sug (2.40) 140 119 Grt West Sug pf(7) 51% 20% Greyhound Corp .- 43% 19 Guantanamo Sug pf —. 34 30 Hack WpfA (%) 7% 4 Hall W F Printing .. 9% 6% Hamilton Watch 108 101 Hanna (M A)pf(7). 22% 16 Harbison Walk (1) 9%, 5% Hat Corp of Amer__ 3% 1% Hayes Body . 1115% 85 Hazel Atlas Gl (5).. 128 122 Hercules Pw pf (7) 118 104 Hershey Ch pf (74) 13% 5% Holland Furnace 11 6% Holland & Son (50¢c) 40% 30% Houd-Hersh (2%) A 18 6% Houdaille-Hersh B.. 17% 9% Houston Oil 56 43 Howe Sound (3) 5% - 2% Hudson & Manhat _ 12% 6% Hudson Motor Car. 3% % Hupp Motors PSS ————— 17% 9% illinois Central ___. 29, 2% Indian Refining . 33 23% Indus Rayon (1.68). 95 60% Lngersoll-Rand (2). 7% 46% Inland Steel (2) 6% 4 InsurShct Mdildc) 16% 8% Interboro R T (d) ... 3 1% Intercontl Rubber_. 7 4% Interlake Iron 42% 26 Int Agricul prof - 184% 149% Int Bus Mach (16) . 6% 3% Int Car'rs Ltd (20¢c) 33 22% Int Cement (1) 3 50% 34% Int Harvester (60c) 152 135 Int Harvester pf(7) 3 1% Int Merch Marine 22% Int Nick Can (60c % Int Paper & Pw (C). 4% Int Paper & Pw pf_. 42% Int Shoe (2) 15 Indust. Rails. ~—.3 Unch. 241 326 244 247 294 Fourth Nulu,w'x 15 326 325 303 334 216 406 242 239 184.3 618 Complled by the Assoc:ated Press Sales— Add 00 —eee M PR P e e 3 160s 10s 208 10s 1 10 2608 16 15 88 2 \ 208 3 25 - BB~ Baa o ey oran~SansnanaSRaomn 1% 36 60% Int Silver pf (4)_. 5% Int Tel & Tel 8% Intersttae Dep Strs_ 1& :nt Dept Strs pf (7). ntertype (a2dc) .. 25 - island Creek C (2) . 1% + % g!t 49 Jewel Tea (3) 38% Johns-Manv (a26e) 48 48 115 115 + ’A 125 117% Johns-Manv pf (7). 67% 6T% + lll% 12 20% l!fiv 1% — % 48% 48% - % + % U - !‘ifln'h'fliflz +11+1 B EEEae s 3 13% 23% Jones&Laugh7 % pf 6% Kans City South pf 1 74 59% 40s 124 100s 70% 3 16% Kayser(J)&Cots0c), 1 % Kelly-Spring T (d) 6 Kelly-ST §% pfid) 6 Kelsey-Hayes tA) .. 51 Util, Stocks. —3 45.5 45.8 4.7 40.6 45.8 348 514 349 169 157.7 61.8 i+ +1+141 ] Prn. 101 935 )'llfi 2% 121 Low Dividend Rate. 10% Leh Port Cement 1% Lehigh Valley Coa’ 514 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) .. 94Y% Ligg & Myers (74) 93% Ligg & Myers (t4)B 13% Lima Locomotiv 17% Link Belt (80c) 24% Liquid Carb (11) % 31% Loew’s Inc (2) - 10815 102 41% Loew's Inc pf (6%) 33 Loose-Wiles (2) 130 121% Loose-Wiles pf (7). 22% 1% 14% 4T% 214 18'2 Lorillard P (+1.20) . # La Oil Ref (d) 41 La Oil Ref pf (d) 34 Louis&Nash(a2ls). 12% Ludlum Steel . 28 McCall Corp (2) T% MeCrory Stores (d). 615 MeCrory Strs B (d). 57% McCrory pf (d) .. . 36% McIntyre Porcu (2) 90% McKeesport T P (4) 57 McKesson & Rob 32 McKesson & Rob pt 815 McLellan Stores 856's McLellan Stores pf. 18% Mack Truck (1) 301: Macv (R H)& Co(2) 513 Madison S Garden 29 Man Elev gtd (d) l'i‘a Man El md gtd (d) _. Manhat Shirt (60c) 5‘,1 Marine Midid (40c) Marlin-Rockwell(2) Macshall Fleld ___ Martin Parry . Mathieson Alk(1%) May Dept Str (1.60) s Maytag Co Maytag ww (13%) Maytag xw ‘13%) . Maviaz 1st pf (6) Melville Shoe Mengel Co - Mengel Co pf s Mesta Mach (135) . Miami Copper 2 Mid-Cont Pet(al5c) 4 Midland Steel Prod Midl'd Stl 1st pf(8) Minn Hon R (13) Minn Hon R pf (6) _ Minn Moline Pw __ M St P&S S Marie _ « Mission Corp Mo Kans & Texas _. Mo Kans & Tex pf _ Mo Pacific pf (dy Mohawk C M (a25ec) Monsanto C (1) Montgomery Ward_ Morrel & Co (3.60) .. Mother Lode 5 Motor Products (2) _ Motor Wheel (50¢) - Muilins Mfg as='. Mullins Mfg pf 4% Murray Corp —————— 25 139 81 14% 14% 45 26% B 205 2| 125 8% 62% | 104 214 25% 37 21 9, 5 145 ey 173% 6 1% a1 79% 110 4% 51 25% 16% 3% 17 5214 120% sh Motors (1) t Cash Ri A( at Dairy Pr (1 112 Nat Dept Stores (d) 17 231 Nat Distillers (2) _ 21 Nat En & Stpg (2).. 145 Nat Lead (5) Z 121% Nat Lead pf (6) B _ 47 Nat Pw & Lt (80c) 40% Nat Steel (1) ____x 9 Nat Supply Co Nat Supply Co pf Nat Tea (60c) Ti5 Natomas Co (80c) 21% Neisner Bros (t1) _ Newberry J J(1.60) ewport Industries \ Y Airbrake 9% NY Chi&StLopf _ 112 NY & Harlem (5) 27 N Y N H & Hartford Y N H & Hartf of N Y Ontario & West Y Shipbuilding 70 N Y Shipbldg pf(T) N Y Steam 1st (7) ‘oranda Mines (2) North Am Aviation 9 North Am Co (1) 351 North Am Co pf (3) 57 North Am Ed pf (6) 135 Northern Pacific 9% Ohio Oil (alie) 1 Oliver Farm Eq 13% Oliver FEprpf A 4% Oppenheim Collins . 11'%4 Otis Elevator (60c) 106 Otis Elev pf (6) .. 414 Otis Steel . 23% Otis Steel pr pf 80 Owens-Ill Glass(4). 1 Pacific Coast " 13% Pacific G & E (1%). 19 Pacific Ltg (2.40) 12 Pacific Mills 6% Pac Wn Oil (b40c 313 Packard Motors 612 Panhandle P&R pf _. 2% Par-Public cod (d). 11 Park & Tilford 2% Park Utah 8 Pathe Exch (A) _ 6414 Penick & Ford (3) - 57% Penney J C (2) 103% Penney J C pf (6) 2% Penn Coal & Coke _, 3 Penn Dixie Cement. 1¥7% Penn RR (1) 110% Peoples D S pf (6 173 Peoples Gas Chi 14% Pet Milk (1) 75 Petrol Corp 12% Phelps Dodge(l..sc) 23 Phila Co6% pf (3)- 1% Phila Rap Tr (d) - 1% Phila & Read C&L 35% Philip Morris (1) __. 13% Phillips Petrol (1) _. 3 Phoenix Hosiery _ 50 Phoenix Hpf (3%) . 4 Pierce Oil 3l Pillsbury F1 (1. 60)_ 7 Pitts Coal AT 26% Pitts Coal pf .. 515 Pitts Screw & Bolt.. 221 Pitts Steel pf 1% Pitts United Corp. 244 Pitts United C pf. 6% Plymouth Oil 6% Poor & Co (B) & 15 Porto B Am Tob(A) 4% Postal Tel&C pf (d) % Pressed Stl Car (d) 6% Pressed Stl C pf (d) 42% Proc & Gambl (133) 115 Proc & Gam pf (55 20% Pub Sve NJ (2.40). 62% Fub Sve N J pf (5)... 73 PubSve NJ pf (6). 34 Pullman lne (3) 5% Pure Oil = 1 49% Pure Oil 8% pf_ 31 8% Purity Bakeries (1) 4 Radio Corporation .. 50 Radiopf (2%) A__ 35% Radio Corpuf B __ 1% Radio-Keith-Or (d) 4% R R Sec 111 Cent. 16% Raybestos-Man (1) 1 Reis (Robert) 7 Remington-Rand 70 Remington-R 2d pf. 2% Reo Motor Car._.. 9 Republic Steel e 28% Republic Steel pf __. 28 Republic Stl pf cod_ 17% Reynolds Metals (1] 12% Reynolds Sp (140¢) A«m Bigh. Low. Close. au-. 2 14% 23 23 208 A3 2 108 H NRASRAR Nat Dept Strs PL(d)1T108 3 Sa PR £ TSIV AN 13 6: T 0s 1 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE STOCK AVERAGES m lD:ln Stock and Low. Dividend Rate. «m 56% Reynolds Tob (3) 53 43% Reynolds Tob B (3) 30% 21% Roan Antelope Ltd . 43% 29% Royal Dal.70 1-10c. 46 14'% N‘a -1 2% 36% Safeway Stores (3) 114% 110 Safeway Strs pf (7) 21% 10% St Joseph Ld (40¢) 114 6 Savage Arms 33% 22 Schenley Distillers. 4 1% Schulte Retail Strs 20 69 55 Scott Paper (1.80) 20% Seab'd O Del (t60c) 31 Sears Roeb’k(aTic) . Servel Ine = Sharon Steel Hoop Sharp & Dohme Sharp & D pf (3%) Shattuck (F G)(25c) Shell Union Ol _ __ 4 Shell Union Oil pf _ Silver King C(40c) . Simmons Co = i Simms Pet (a50c) - Skelly Oil Skelly Oil pf ww Sloss-Sheffield heffield pf y-Vac (80c) 20 Sou Porto R Sug(2) 10% South Cal Ed (1%) . 12% Southern Pacific _ 513 Southern Railway . 7 Southern Rwy pf 42 Spalding(AG)1st pf 59% Spang Chalf pf (12) 31 Sparks-Withington 32 Spencer Kell (1.60) T% Sperry vtc (a2bc) - 814 Spicer Mfg i 331 Spicer Mfg pf (3) - 2 437% Splegel-May-Stern 3% Stand Brands (1) and Com Tobacco 114 Stand Gas & Elec 1% Stand G & E $4 pf 7% Stand Inv Corp 27% Stand Ofl of Cal (1) Stand Oil of Ind (1) 35% Stand Ofl N J (1) 1215 Starrett(LS) (a2ic) 58% Sterling Prod (3.80) 14 Sterling Secur (A) 36 Sterling Secur cv pf 6% Stewart-Warner __ 21, Stone & Webster .+ Studebaker Corp - Sun Oil pf (6) Superheater (30¢) _ sperior Oil o Superior Steel Swift & Co (130€) - 105% 1001, 109 4% E e 1150 145 ST 4 Tennessee Corp_ 16'5 Texas Corp (1) 28% Texas Gulf Sul (2). 3% Tex Pac Coal & Oil 815 Tex Pac Land Trust 50 Thatcher M pf(3.60) 4 The Fair « The Fair pf (§17%) Thermoid Co 2 Third Avenue o PP + 16 Third Nat In (a%e¢)x 2 51 Thomp'n(JR) (50¢) 13% Thompson Products 1% Thompson Starrett Tide Wat Asso Oil 267, Tide Wat O (a6ic) A 100 Tide Wat Oil pf (5) 4 2 4% Timken-Detroit 284 Timken R B (i) A « Transamerica(3 Tl Trans & Westn Alr « Transue&Williams_ F.. Tri-Contl Corp 4's Truax-Tra Coal ... 3's Truscon Stee! 15 Ulen& Co ___ 53% Und-Ell-Fisher (2) 29 Union Bag&Pap (2) 44 UnCarb & C (1.60) 14% Un Oilof Cal (1) ... : 821 Un Pacific (6) 20% Un Tank Car (1.20) 9% United Aircraft 4': United Air Line vte 20'4 United Bise (1.60) 46 United Carbon 2.40 114 United Corp United Corp pf (3)_ United Drug United Elec Coal United Fruit (3) nited Gas Imp (1) S Distributing pf S & For'n Secur . Gypsum (1) __ Hoftman S Ind Alcohol (2) U S Leather A vte 53 US Leath pr pf vte 14% U S Pipe & F (50¢c) 19% U S P&F 1st pf 1.20 3 US Realty & Imp _ 9% U S Rubber = 24'; U S Rubber 1st pl 95 USSmelt& R (a6). 27'% U S Steel 5 73% U S Steel pf (2) 3%2 United Stores (A) 51 Univ Leaf Tob(72) 13315 Umiv Leaf T pf (8)_ 30 Univ Pic 1st pfd . 1 Univ Pipe & Rad.__ 1 Util Pw & Lt (A) 13 Vadsco Sales Corp.. 11% Vanadium Corp ‘an Raaite ick Chem (12)_ 214 Va-Car Chemical - 1714 Va-Car Chem 6% pf 85 Va-Car Chem 7% & Pw ot () 1% Wabash pf A (d) 1's Walworth Co 2% Warner Bros Pic Warner Bros Pic pf Warren Bros Warren Fdy&P (2) . Wesson O&S (150¢c) Wesson O&S pf (4) - West Pa Elec (T)A West Pa Elec pf (7) West Pa Pwr pf (6) West Pa Pwr pf (7) Westn Dairy B vte Western Maryland Western Pacific Western Pacific pt_ Western Union __. West'gh'se A B 50c_ Westingh se Elec West'h'se 1st pf 314 Weston Elec Inst Westvaco Chi _40¢) Wheeling Steel Wheeling Stl pf($1) White Motor - White Sewing Mch_ White Sew Mch pf Wilcox Oil & Gas _ 5¢) 58 Wilson & Co pf (6) - 51 Woolworth {2.40) . 25% Worth Purap pf A . 361 20 Worth Pump pf B o 88 | 24 17% Yale & Towne (60c) | 4% 2% Yellow Truck . 42% 31% Yellow Truck pf e 32% 18 YoungSp& W (1) £ 21% 13 YoungstownS& T s 67% 38% Youngst'wn S&T pf 4% 2% Zonite Products l Approximate Sales of Stocks on the N. Y. Stock Exchange. 350,000 12:00 Noon..... 4 11:00 A.M . 1:00 P.. Dividend rates as 9 24 1 21% Sales— Add 00. High. Low. Close. cnn 113% 104% Safeway Strs pf (6) 200s 111 8 Schulte Re Strs pf_ 810s Sec Nat Inv pf 12% x 50s 26% Walgreen Co (1.40). M - . 730,000 2:00 P Total sales for the day. L160.000 Stven 1n r.h‘:“unu table are the annual FINANCIAL. 308 61% 15 52% 4 27w 2 41w 61 61 521 52% — 27% 27 — Al 4%~ — " n Y2 23 —m 40 39 29 110 110 112% 112% + \4 185 — 1a 10% + 1 10s 112% 16 19% 4 10% 29 33% 2 2% 13% 65% 27% 49% 55 Il" 308 23 86 51 87, 4R, 12 111 1111 24 24 19% 19 = 18" 18 6z 6 22 = 14 10s 408 L) 1405 449 401 + 12 19 20 19 STOCKS IRREGULAR AT SESSION'S END Profit Taking Is Absorbed Without Large Losses. Specialties Rise. WHAT STOCKS DID. Advances . Declines Unchanged Total issues . BY VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, July 19.—Profit takers | gave the stock market a tussle today. | but serious casualties were few and a number of specialties emerged with gains Trading activity dwindled on the realizing and transfers approximated 1,150,000 shares. The close was ir- regular. Technical factors apparently con- tributed to the unsettlement, especially | among issues that have recently been pushing ahead rapidly. The news pic- ture was little changed marketwise. Grains dipped and rallied, with wheat and corn finishing with a fairly steady tone. Cotton was inclined to ease. Bonds were mixed, with various secondary loans giving ground moder- ately. Foreign exchanges were quiet Shares of Spiegel-May-Stern got up more than 3 points and improvement was registered by Sears Roebuck Johns-Manville, Case, Radio preferred B, Glidden and Motor Products. On the other side of the ledger, with losses of fractions to a point or so. were Standard Ols of New Jersey and California, Atlantic Refining, Am- " | erada, Continental Oil, Socony, U. 8 Bethleham, General Motor Chiysler, American Can, Du Pon! Union Pacific. Southern Pacific and Santa Fe. A decline of nearly 5 points was suffered by Columbia Gas Steel, | preferred A and Corn Products drop- ped 3. Philip Morris also yielded 2. GOLD CURRENCIES SHOW STEADY TONE AT LONDON 10s 4 1 1 15 i 3 2 | 43 408 25 10 !4. Z\ 11 1083 149 383 10 2 1 62 10s 150 408 30, % 4110 10s 104 T 1% 4 291 2 24 17 4n 1608 265 2614 3 4% 3 23y 104 104 1% 29 2% 40s 118% 2 kel P 1 1 2 2% 44 a0 24 27T 129 61'% 208 114 B T — PUNE % B 44 2 52 5 70% 22 62 . 62w 708 4“4 a4y - 1 35% 351 — 423 23 2 T 3% 8% 3% — 508 42 42 "lh 31% — % . fifl'& 68% +1 3% 11‘« - z fiBb 81 3% 3.+ U uarterly or bhalf-yearly | EY MACHINERY IS ORDERED. ¢ including six switcaes. ~ 1, | September. 843za’: Gain Is Reported By Massachusetts MIDDLETOWN, Ohio, July 19 (#) ~—Officials of the American Rolling Milis Co. announced letting of &« $500,000 contract for new machinery to the United Engineering & Foundry Co., Pitisburgh, Pa. - The machinery | is to be installed in a $3,500,000 new | FAILURES TOTAL DOWN. NEW YORK. July 19 (.—Busi- ! By the Associated Press LONDON. July 19.—The Foreign Ex- change Market was featureless today and better feeling regarding French . finances maintained gold currencies steady. The French franc closed unchanges at 74.63 to the pound and the Unitec States dollar, supported by trade bus- | ing, closed at 4.95% to the pound. compared to the overnight New Yor: rate of 4957%. PARIS. July 19 (®) 9 francs: ‘Three per cen 4', per cent rent 74.63 v Exchange on London. T dollar was quoted at 15.07 the Assoriated Pre NEW YORK, J 19.—Cotton futures were irregular today. with general business quiet and mostiy confined to evening up in near months and switching to late months. Continued geod weather in the South brought about some selling during the late trading. October sold down to 11.56. or 9 points ne lower, but rallied to 11.61 during the final hour, when the general marke was 4 to 12 points net lower Putures closed barely stesay. 14 to 14 ‘Boot steacs: middling, 12 Coltonseed O Bleachable -ottnseed oil rutures closed easy. July, #2fh; September, 9.47b: October, Y ou: December, 9.47 | January. 9.49b. Sal-s, 136 contract b—Bid. Liverpool Quotations. | . LIVERPOOL. July 19 (. Cotton, #.00 n bales. including 1 Ameri Spot | I Tair “demand: prices 11 points higher Quotation: d | middling, 7.5 uly. 6.7 .“.25: " December. & 3 Vs I Chicago Grain ' | By the Associated Press CHICAGO. July 19.—Higher prices for wheat formed the rule late today, stimulated by reports that domestic crops, Winter and Spring alike, have shrunk materially since July 1. *| Weather conditions today were re- garded as favorable for rust develop- ment. It was asserted, though, that no basis yet exists for anything re- sembling definite estimates of ulti- | mate losses. Wheat closed unsettled at the same as yesterday's finish to 3 higher corn off to 1, up; September, 75%aly; Oats unchanged to 3; down and provisions unchanged to 10 cents decline. : Oven. Hich Low July Ra3, " Nhiy St Closr u -3 841, Cash wheat—No. 2 red, 85%a86': ! No. 1 hard, 931289415, Cash corn—No. 2 mixed, 85; No. 2 yellow, 86a86%. Oats—No. 2 white. 36':; No. 3 white, 34%a35. No rye. No buckwheat. Soy beans—No. 2 yel- low, net, track, country station, 60a62. Barley nominal; feed, 34a45: malting. 42a53. Timothy seed, per hundred- weight, 3.80; new, 3.80. Clover seed, per hundrewweight, 12.65a17.75. Liverpool Grain Prices. LIVERPOOL. July 19 (P.—Wheat fu- ! vares, Ciosed Irresuine, 1® U = Exchange. 4.94%. Baltimore Quetations. BALTIMORE. - i iy, 18 Sonesiic, “i0%h: "3‘::1;‘ 76%. MONEY MARKET. NEW YORK. 9 (®.—Call money ."l_o:u m‘gx:*‘o‘&o Y of- scount rate. New 190 Der cent: