Evening Star Newspaper, July 20, 1935, Page 12

FINANCIAL STOCKS END WEEK FINANCIAL. SATURDAY, JULY 20, 1935. LIFE INSURANGE TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By private mmhml‘u rm 1'8! Stock and Net. | Prev.1935 N Prev. 1930 Stock and Dividend Rate, moo mn. Lov. Olose. Ghge, | High, - Low. Dividend Rate. - Add 00, High. Low. Close. Ohge. m.h Low. Dividend Rate. m 00. mn. 119‘ Peoples Gas Chi____ 2% 382% 12% 8% Tex Pac Land Tryst 17%— % | 19% Capital Volume for June Ad- vances 29 Per Cent Over Year Ago. BY EDWARD C. STONE. New life insurance written in the District of Columbia in June soared 29 per cent above the total for June a year ago, the Sales Research Bureau of Hartford, Conn., reported today. At the same time it was announced that new insurance in the Capital in the first six months of the year was 30 per cent above the 1934 figure, this being one of the best half-year gains reported anywhere in the United States. The June record gives a clear pic- ture of business conditions here. The 29 per cent gain is in decided contrast with the national average, which showed a decrease of 12 per cent. For the first six months of this year the national average in new business was Just the same as last year. ‘Washington's ambitious agents wrote $5,452,000 new life insurance in June, with 69 per cent of the companies do- ing business here reporting advances. This was the best showing in any sec- tion of the South Atlantic area. South Carolina came next with a 5 per cent gain. In Virginia new business was off 7 per cent; in West Virginia, 13 per cent; in North Carolina, 14 per cent, and in Maryland, 25 per cent. Maryland wrote $6,557,000 in new business; Vir- ginia, $5,682,000; West Virginia, $3,- %34,000; North Carolina, $5,589,000, and South Carolina, $2,776,000. While the half-year national aver- age was practically the same as last year, the South Atlantic States re- ported an average gain of 4 per cent. Only Arizona and Nevada made better records in June than the Nation's Capital. The half year's report indicates that in every working day the American people bought $25,000,000 in insur- ance pro'ecuon not including sums invested in annuities. Crop Loan Applications End. July 31 is the eadline for applica- tions for Summer following loans from the emergency crop and feed loan fund of 1935, according to an an- nouncement from the Farm Credit Administration. Applications for crop loans from the emergency fund were cut off June 15. Norman Monaghan, director of the emergency crop and feed loan sec- tion, said Summer fallowing loans are being made to farmers who will seed to Winter grain the land fallowed with the aid of funds advanced. Loans may be made only to farmers who have no other source of credit. As in the past, applicants may apply for loans at the local county crop eand feed loan committees, Director Monaghan said. “Summer fallowing loans are limited to the actual cash requirements for fallowing and seeding to Winter grain,” he added, “and not more may be loaned than $3 per acre, $1 per acre being the maximum for fallow- ing, and $2 per acre for seeding to ‘Winter grain, payable as needed. “Under the law we cannot lend more than $500 to any one farmer,” he con- tinued. “If the farmer has already obtained & loan from this year’s crop loan fund the amount of the loan already made, plus any new advance, must not exceed $500.” ‘While July 31 has been set as the final date for Summer fallowing loans from the emergency fund, no cut- off date for applications for the pur- pose of producing forage crops or purchasing feed for live stock has been announced. Credit Aid Being Shifted. A shift of Government credit aid from big business to the small home owner and farmer is revealed by the United States Treasury. Department’s figures on Federal credit activities. * Huge loans to business, banks and municipalities made in the early stages of the depression by the Re- construction Finance Corp. are being rapidly repaid, while mortgage aid to home owners and farmers still is on the ascendency. Since June 30, 197 when the freasury first began compilation of lending activities of Government- sponsored credit agencies, outstand- ing loans of the R. F. C. fell from $2,667,000,000 to $1,386,252,070 on May 31, 1935. In the same period, outstanding Joans of the Home Owners’ Loan Corp. rose from $834,000,000 to $2,626,214,231, while loans of the Federal Land Banks rose from $1,705,000,000 to $2,104,894,084. . Financial District Gossip. “Harry M. Wheeler, who has been eonnected with W. B. Hibbs & Co. in the board room for many years, left Washington'today for a month’s vacation in New Hampshire. The Greenport Savings Bank in Brooklyn, N. Y., has started charging customers 5 cents for each check issued and given up all other forms of service charges. At the end of its second year of operation, the First National Bank at Conway, Ark., is paving a 3 per cent cash dividend and a 20 per cent stock dividend, it is announced by Harvey C. Couch, jr., vice president and cashier. At the end of the first year it paid a 3 per cent cash divi- dend. Increased business activity and higher real estate prices are likely to result from a probable rise in con- struction volume and a fall in the wvalue of gold from about 1936 to 1942, F A. Pearson, professor of prices and statistics at Cornell University, told delegates at the eleventh annual ses- sion of the American Institute of Co-operation. For the quarter ended June 30 re- payments made by borrowers on policy loans were the largest on rec- ord, reducing policy loans outstand- ing to the lowest point since June, 1931, according to the quarterly re- port of Northwestern National Life Insurance Co. of Minneapolis. WORLD SHIPBUILDING SHOWS SLIGHT RISE By the Associated Press. 73 ‘JK 38% 12% 8% 20% 1% 30% 6% 258 32 Abr & Strauss (fl), 4% Adam 28 Adams Millis (l)_. 4% Advance Rumley__. 6% Affiliated Pro (60¢). 16% Alaska Jin uloe)_ % Alleg Corp (d) . 21 Allegheny St1 (1) 3% Allled Stores._. 12 Allis Chalmers... 14 Alpha Port Cmt 2% Amal Leather__ 481 Amerada Corp (3)-.. 41% Am Ag Ch Del (2)__ 13% Am Bank Note... Am Bk Note pf (I)- Am Brk Shoe (1) ... Am Brk Shoe pf (7). Am Can (4)___ ‘Am Car & Foundry_ AmChain________ ‘Am Chicle (13)-__2 2% Am Colortype. 6% Am Crystal Su; % Am Encaustic (d). 2 Am & Foreign Pwr_ 14 Am & For Pw $7 pf. 29% Am Home Pr (2.40). 43% Am International .. 9 Am Locomotive_ __. 32 Am Locomotive pf_. 18% Am Mch & Fy (80c). 4% Am Mch & Metals_. 115 Am Power & Light_. 8% Am Pw & Lt $5 pf__ 10% Am Pw & Lt $6 pf_ 10% Am Radiator. ___. 15% Am Rolling Mills___ 413 Am Seating vte . 20 Am Shipbldg (2)-—- 31% Am Smelt & Ref____ 63 Am Snuff (13)__ 12 Am Steel Foundry .. 88 Am Stl Fdry pf (2). 331 Am Stores (12) .___. 987% Am Tel & Tel (9)... 7215 Am Tobacco (5) - _. 74% Am Tobacco B (5)__ 7% Am Water Works__. 48 AmWatW 1st (6). 4% Am Woolen __ 3 Am Zinc & Lead 8 Anaconda Copper. 36 Archer Dan M (t1 3% Armour of Illinois__ 55 Armour Il pr pt (6) 16% Armstrong Cork 506. 4 Arnold Constable__. 7145 Asso Dry Goods 80% Asso DG 1st pf($9)- 48 AssoDG 2d pf 35% Atch To&S Fe (a2 19% Atlantic Coast Li 3 AtlGulf&W Ind 21% Atlantic Ref (1) 323, Atlas Powder (2 112‘1 106% Atlas Pwr pf (6)___ % 3% 4 Atlas Tack. .__ 2% Aviation Corp(Del). 1'3 Baldwin Loco (d) - 713 Baltimore & Ohio .. 32 Barker Brothers pf_ 5% Barnsdall Corp._ 37% Bayuk Cigar (150c). 14 Beatrice Cre (a50c). 11% Belding-Hem (a50c). 117 Bendix Aviation__ _. 151 Beneficial Lo (1%)- 21% Bethlehem Steel __. 55% Bethlehem Stl pf_ 14% Bigelow-San Corp.. 9% Blaw-Knox___ 28% Blumenthal pf 6% Boeing Airpla: 39% Bohn Alum &Br 90 Bon Ami (A) (14).. 21 Borden Co (1.60)_. 28% Borg Warner (1%). 813 Bridgep't Brass 40c 2415 Briggs Mfg (2) - 30% Bristol-Myers (12)- 36% Bklyn-Man Tr (3) - 43 Bklyn Union Gas(6) 31 Budd(E G)Mfg .. 23 Budd(E G)Mfg pf. 2% Budd Wheel. 8% Bullard Co .. 10 Bush Term B pf ¢ 1% Butte Copper&Zinc_. 20% 11% Byers (AM)_ . _____ 42% 4% 22% 16% 13% 63 5214 101% 28% _—— 9% 107% 32 Byers (A M) pf.. 33 California Pkg(1%) 214 Calumet & Hecla __ 71 Campbell-Wy (a20¢c) 8% Can Dry G A (40c)._.. 9% Canadian Pacific_.. 45% Case (JI) Co___ 3615 Caterplilar Tr (11)- 191 Celanese Corp_____. 22% Cent Aguire (13;)-. 38% Cerro de Pasco (4).. 3% Certain-teed Prod __ 23 Certain-teed Pr pf. 37% Ches & Ohio (2.80) - 36 Chesapeake Corp(3) 15% Chi Mail Order (1). % Chi Mil StP&P (d). 1% Chi & Northwest__. 4% Chi Pneumatie Tool. 20 Chi Pneu Tool pf __ 9% Chi YeJlow Cab (1) 31 Chrysler Corp (t1). 20 City Ice & Fuel (2)- 27% Clev Graph Br (t1). 15% Colgate-P-P (50c) ... 9 Collins & Afkman _ 69% Collins & Aik pf (7) 5 ColoF&1pt(d). 10% Colo & South 3% Col Gas & Elec 35% Col G& Epf A (6)_. 3415 Colum Pic vte (+1). 67 Colum Carbon (4) - 3915 Comel Credit (2)___ 56% Comel Inv Tr (12) .. 17% Comel Solv (160c) .. % Comw & Southern_. 29% Comw & Sou pf (3) 27 Congoleum-N(1.60). 7 Consol Cigar....... 3% Consol Film__. 15% Consol Gas N Y (1) 72% Consol Gas pf (5).. 6% Consol Ol ._.. ... 21 Consol RR Cuba pf_ 8% Container Corp (A). % Contl Baking (B). . 46Y% Contl] Baking pf (4). 62% Contl Can (2.40) _ 287% Contl Insur ($1.20). % Contl Motors 15% Contl O Del(a37%¢) 41% Corn Ex BK&TY (3). 62 Corn Prod Ref (3).. 35% Cream of Wh (12)_. 23% Crown C&S (1) - 43% Crown C&S pf (2.70) 14 Crucible Steel ___. 5% Cuban-Am Sugar__. 2 Curtiss Wright_ 6% Curtiss Wright (A). 16 Cutler Hammer __. 6 Davega Stores. 22% Deere & Co__ 19 Deere&Co pf (340c). 23% Delaware & Hudson 11 Del Lack & West._. 1% Den& R G W ptf. 65 Detroit Edison (4)-. 384% Dome Mines (12)... 6% Dominion Stores__. 17% Douglas Aireraft... 6% Dresser Mfg B 86% Du Pont de N( 152 110% Eastman Kod (5)._ 161% 141 Eastman Kod pf (6) 22% 29 7 17% 20% 49% 14 181 28% 5 16% Eaton Mfg (1) 19% Electric Auto Lite_. 3% Electric Boat 2% Elec Pw & Lt $6 pf. 3 Elec Pw & Lt $7 pf. 39 Elec Stor Bat (24). Th Erfe RR _ 10% Bureka Vac C (80c). 15 Evans Prod (al).. 2 Exchange Buffet.. i e e e 9% 4 Fairbanks Co pf. 17 Fairbanks Morse_ 71% Fairbanks M pf $3% 3% Fed Motor T (allc). % Fed Water Sve (A)- 8('/. Hmtolu pL(6) A_. Nat Strs (2%4) 19 l"lorl m (1) A___. 2% Follansbee Bros(d). 36 6% 31% ‘IDI .....,....9.5....,..,;'....3-.... - ECI T T PN P - ~88 ‘% % 97 + % 10% 70 oo NOMNOH ORI R o ® S R a EF FRRFEFE §F = oo Eann ,.e ) FER O FES - 3 1 1 5 8 15 2 9 4 5 T g H FEE esa L I . 85 ®REE - - 8 [N FEHEE FF P FEREER FEE FEOFF FES e ~28 8% + 106 105% 106 + 147% 147 147% + - s TN amsinbiioNNReee paliacmn 1 9 uu 13% 13% + % 19 18 16% 17% —1% 2% 2% IOI 5‘6 5 5% + % 22 ”l 118 ll! 118 fli 6% — % 13 1% + fi - Prev. 1035 27% 37% 3% 1927 low .. 51.6 Stock and Low. Dividend 2014 Gen Electric (60c) 3214 Gon Foods (1 26% Gen Motors (1) . 117% 107% Gen Motors pf (5 13% 33% 109% 104% Gld 4% Gobx 29 34 105 1% 23% 33 % 4% 1 42% 10 - Gen Outdoors Adv 17% Gen Print Ink(1.60) 15% Gen Ry Signal (1 80 Gen Ry Sig pf (6 16% Gen Refractorie: 14 Gen Stl Casting pf_. 12 Gillett Saf Raz (1) _. 70% Gillett Saf R pf (5)- 18 Gimbel Bros pf. 28% Glidden Co (11)_ % Glidden Co (rights) Co pr pf (7) (Adol?f) (4)-- lut Gold Dust (1.20) .. 7% Goodrich (BF)___.. 40 Goodrich (B F) pf_.. 18% Granite City 8tl (1). 9% Grt Northernpf _ __ 26% Grt West Sug (2.40) 20% Greyhound Corp... - 21% Hackensack W (13%) 30 Hack WpLfA (1%)- 6% Hamilton Watch 512 Hat Corp of Ame: Hat Co pf ww u%) 1% Hayes Body. - 85 Hazel Atlas Gl (5)_. 11 Hercules Mot (60c). 73% Hershey Choc (3)__ 5% Holland Furnace __ 615 Houdaille-Hersh B 113 Houston Oil (new)_. 43 Howe Sound (3) 6% Hudson Motor Car_ % Hupp Motors = 9% Illinois Central. 15 Illinois Central pf 23% Indus Rayon (1.68) 46% Inland Steel (2).... 2% Inspiration Copper. 4% Interlake Iron__ 26 Int Agricul prpf 184% 149% Int Bus Mach (16) . 6% 33 504 29% 5 48 10% 12% 84% 11% 36 68 73 3% Int Car'rs Ltd (20c) 22% Int Cement (1) . 34% Ict Harvester (60c). 22% Int Nick Can (60c) 24 Int Ry C A(A)ctfs 42% Int Shoe (2) 5% Int Tel & T 87 Intersttae Dep 70% Int Dept Strs pf (7). 644 Intertype (a2lc) .. 25 island Creek CX2)__ 88% Johns-Manv (a25c). 50 Jones&Laugh7%pf- 3% Kans City Southn__ 6% Kans City South pf_ 7% Kaufmann D S(80c) % Kelly-Spring T (d) 6 Kelly-ST 6% pf(d). 6 Knluy-Hlyu (A)o. y-Hayes (B).. 19% Kresge (S 8) (1) 223 Kroger G&B (1.6 8% Lee Rub&Tire (50¢c) 1% Lehigh Valley Coal. 5% Lehigh Val Coal pf_ 67% Lehman C (12.40) __ 14 Lehn & Fink (1%)_ 21% Lib-O-Ford G1(1.20) 93% Ligg & Myers (14)B allk Loew’s Ino (2) ceeee se. 1815 Lorillard P (1.2 - 110 124 Lorillard Ppf (7). 14% 19% 4% 2% 4% La Oil Ref pf (d)__. 10% Louisv GEE(A)1%. 34 Louis&Nash(a2ig).- 12% Ludium Steel Bales— 1308 19 2508 1 . TR T e o 2 1 5 e v e fl 14% 28 McCall Corp (2) 734 McCrory Stores (d). 635 McCrory Strs B (d). T% McGraw Hill Pub__. 36% Mclntyre Porcu (2) 901 McKeesport T P (4) 5% McKesson & Rob __ 32 McKesson & Rob pf. 8% McLellan Stor 18% Mack Truck (1) 30% Macy (R H)& Co(2) 18% Magma Copper (2)- 13% Man El md gtd (d)_. 43 Marancha Corp 5% Marine Midld (loe). 2% Market St Ry pf___. 6% Marshall Field & Co. 28% Mathieson Alk(1%) 5% )hyv.-; Co 33 Maytag 32% Maytag xw (tl% ) 843 Maytag 1st pf (0)4- 3 Mengel Co.. 9% Mid-Cont Pet(albc). 8% Midland Steel Prod_ 58 Minn Hon R (13)_.. 3% Minn Moline Pw. 31 Minn Moline Pw % M St P&S S Mari 10% Mission Corp 5% Mo Kans & Tex pf__. 1 Mo Pacific (d) - 10% Mohawk C M (a26c) 56 Monsanto C1) .. - 21% Montgomery Ward.. 17% Motor Products (2)- T% Motor Wheel (50¢)- 7 Mullins Mfg__ 36% Mullins Mfg pf. 4% Murray Corp 30 Myer F E &Co ll Nash Motors (1) ... at Acme Co. fl‘ Nat Aviation 22% Nat Biscuit 1.60)., 13% Nat Cash Rx A (50c) 12% Nat Dairy Pr (1.20). 1% Nat Dept Stores (d) 17 Nat Dept Strs p£(d) 23% Nat Distillers (2)__ 4% Nat Pw & Lt (80c).. 40% Nat Steel (11) ... 36 Nat Supply Copf_.. 8% Nat Tea (60c) .. 7% Natomas Co (80c! 43% Newberry J J(1. 4% Newport lnd\utfiu 79 N Y Steam 1st (7). 80% Noranda Mines (2)._ 2 North Am Aviation. 9 North Am Co (1)... 85% North Am Co pf (3) 57 North Am Ed pf (6) 13% Northern Pacific. 42% 35% Northwest Tel (3)_. 1% Norwalk Tire&Rub. 9% Ohio Ofl (a15¢) ... 1 Oliver Farm Equip. 11%,0tis Elevator (60¢). 4% Otis Steel o S “BanFernnmwamen - nnunnflnm 52 28 i - wlornonEaror loroang 15 Util. Stocks. —3 618 618 Net. 2T% + % 36% b 36% + % 116% + % 9% 12% + % 83% +1% 11 27 591 + % 0% + % 5% — % 87% — ll‘a -~ 116% llfik 116\« + 21% 21% 21% + 31% 31% 31% 40% 1% 41 l&’a * 5‘#53“‘#‘ & & 12% — 4 21% - W M —% 33 -1 19 ~ % 5% 6% 8% 8% 31— % 9% +1% 48% +2 43 ] 9% —2% 3% 20% +1 am 5 10 17% 17% + 100% 100% IM + % % M% % % = % % and Canads, | yeaz and -nsam 1 FEEE- FEREEFEL B ogt AL .‘H Fi3 13 Pere Marquette pf.. % Petrol Cmp_ s 12% Phelps Dod, 35 Phie Co 0% b (33 1% Phila & Read C&I_.. 35% Philip Morris (1) ... 13% Phillips Fetrol (1)_. 8 Phoenix Hoslery_ ... - fi-—unugaa-o.— 26% Pitts Coal pf.. 514 Pitts Screw & Bolt.. 6% Pressed Stl C pf (d) 42% Proc & Gambl (1%). 20% Pub 8ve N J (2.40) 99% 62% PubSve NJ pf (5)_. 97 Pub Svec E&G pf (5). 52% 34 Pullman Ine (3).... 10% oil 1% 6% 4 Radio Corporation.. 59% 35% Radio Corppf B___. 21 163 Raybestos-Man (1). 36 Reading 1st pf (2). Real Silk Hosiery.. 20% Real Silk Hose pf__. 7 Remington-Rand... 2!6 Reo Motor Car.. ublic Steel _ m ublic Steel 28 Republic Stl pf cod.. 17% Reynolds Metals (1) 12 Reynolds Sp (t40c). 43% Reynolds Tob B (3) 29% Royal D a1.70 1-10c. 56 Scott Paper (1.80).. 3% Seaboard Air L (d) - 20% Seab'd O Del (160c). 31 Sears Roeb’k(a75c) 40 Sec Nat Inv pf $2% . 120s 7% Servel Inc___ 2 9 Sharon Steel 3% Sharp & Dohme 7% Shattuck (F G) (25¢c) 51 Shell Union Ofl____. 634 Shell Union Ofl pf__ 8% Silver King C(40¢)- 6 SimmonsCo...._.. 5% Simms Pet (a50c) - 63 Skelly Oil .__ = 24 Sloss-Sheffield pf. Socony-Vae (60c) _ 20 Sou Porto R Sug(2) 10% South Cal Ed (1%)- 12% Southern Pacific_ 5% Southern Railway _ 7 Southern Rwy pf__. 3% Sparks-Withington. 3% Spear& Co________. i T% Sperry vtc (a25c)-- 8% Spicer Mfg - 33% Spicer Mfg pf (3) - 437 Spiegel-May-Stern_ 13% Stand Brands (1) ... 213 Stand Com Tobacco. 1% Stand Gas & Elec 6 StandG&ESTpf _ 27% Stand Oil of Cal (1), 23 Stand Oil of Ind (1) 35% Stand OILN J (11) __ 58% Sterling Prod (3.80) 6% Stewart-Warner 215 Stone & Webster. 21, Studebaker Corp 6014 Sun Oil (11).. 1% Superior Oil_ 5 Superior Steel 31 Sweets Co of Am 14% Swift & Co (t50e P-. 'S Snbioomem 3 9% 5% 19% 23% 16% Texas Corp (1) __. 36% 28% Texas Gulf Sul (2). COTTON DISTURBED BY A A A RULING B 28 Prices Ease Off After Ruling ;-A... Rad 3 Steady Early in Week. Offerings Absorbed. By the Assoclated Press. NEW YORK, July 20.—Announce- ment of the Boston Federal Court de- cision declaring the A. A. A. uncon- stitutional had an unsettling influ- | ence in the cottoa morket last week. Prices, which haa been holding steady in the face of improving crop 1% 9% 18 6 33% Appal El Pw 58 Appalch PoL' accounts, eased of® about 25 points | S3P from recent higns under liquidation | Cent Ari and evening up of sccounts. Offer- ings were absorbed by the trade or covering, however and fluctuations later in the week were attributed largely to the evening up of July commitments and switching from near to late months. October contracts, after selling off from the recent high of 11.80 to 11.54, rallied to 11.73 on Thursday, but later reacted, closing vyesierday at 11.59, compared with 11.75 at the close of the previous Friday. Washington advices indicated that the processing tax would be carried up to the Supreme Ccurt this Aatumn, but it was felt that vacertainty as to the future of the crp control pro- gram was likely tc restrict forward St R 5 13% Thatcher M (a50¢)— 9% 6% The Fair__ 18% + % au+ % % 5 17% 1 3% 12 41 % 46% 7 10% 4 6% 6 1% Thompson Starrett. 7% Tide Wat Asso Oil.. 26% Tide Wat O (a65c) 4% Timken-Detioit.. 28% Timken R B (11) ... 4% Transamerica(30c). T% Trans & Westn Air_ 1% Tri-Contl Corp 4% Truax-Tra Coal.. 3% Truscon Steel_. 29 Union Bag&Pap (2) 44 UnCarb&C (1.60)_ 14% Un Oil of Cal (1) 8214 Un Pacific (8 50% 4% United Air Line vte. 46 United Carbon 2.40_. 1% United Corp———— 20% United Corp pf (3)-. 8% United Drug._ 41 United Dyewo 31 United Elec Coal 71% United Fruit (3) 9% United Gas Imp 87% United Gas I pf (5). 40% U 8 Gypsum (1) __ 35% U S Ind Alcobol (2). 9% U S Rubber. 24% U S Rubber 18t pf.. 27% U 8 Steel 73% U S Steel pf (2) 51 Univ Leaf Tob (12). 30 Univ Pic 1st pfd - 1 Util Pw & Lt (A) 11% Vanadium Corp_._-. 2% Va-Car Chemical. 17% Va-Car Chem 6% pf 85 Va-Car Chem 7% pf 72% Va El & Pw pf (6) - 4% Waldorf Sys (b20c) 26% Walgreen Co (1.40). 2Y% Warner Bros Pic 21 Warren Bros. . 7% Warren Bros cv p! 30% Wesson O&S (150c). 72 Wesson O&S pf (4). 34 West Pa Elec (1)A_ 36 West Pa Elec pf (6) 83% 39% West Pa Elec pf (7) 113% 95 West Pa Pwr pf (6) 119% 10415 West Pa Pwr pf (7) " % Westn Dairy B vtc.. 40% 20% Western Union_ 27w 18 West'gh’se A B 60c. 6114 325 Westingh'se Elec 14% 10 Weston Elec Inst._. 67 White Motor __ 13' White Rk M S(1.: 1% White Sewing Mch_ 6 White Sew Mch pf_. 3% Wilson & Co (a25¢): 58 Wilson & Co pf (6). 51 Woolworth (2.40) 3515 Wright Aero__ 73% Wrigley W jr (13)_-. 4% 2% Yellow Truck 32% 18 Young Sp& W (t1). 21 13 YoungstownS & T.. I+14+%+1) 3% 4 1% Zenith Radio.. - 2% Zonite Products._. 11:00 AM...... cash payments based on declarations. s Unit of trading plus cxtra. last year. reorganized. =3 d Companies x Ex dividend. i cm s A Giftes ‘service 58 Cities Service 55 Cit Srv Gas 5las '42 Cit Srv Gs P 6s ! s business in both raw cotton and goods | Bt & & tive. A little selling from the South led to talk of hedging agsinst early cot- ton, but such pressure was not much in evidence, and scareity of contracts arising from the tight old crop situa- tion evidently asseited its influence on declines. The opinion was geperally expressed that the crop has been making unusu- ally good progress so far this month, although persistent showers u the Eastern belt led %o some talk of in- creasing boll weevil infestation. Weekly Cotton Statement. R ?‘3’-‘5&',"&’“" Fieaia Cotion Ex. tement shows that the amount the past week 991 dayss lut nlr lnd 524 503 tn 1933 lnd for the 19 da! f July a°7'9. eainst S ooah st year and 063 ‘l‘ha movuncnt Potomac R 30, inst 888.791 last Pt g ey ey & at the close o inst 24.035 mm. l o aue ol 151,088 yeur betore Jast 25 an increase of 760,000 over same 'in 1932; Southern miil takings, net 000, against 4,626.000 last year a 8,138,000 in 1035, reign -mm for the week have been Po! 61873, m uuon Bo 52 %&?’7 568,510 tast year, & decrease of s spinners’ hklnll of American the week were 176,000, 2l 349,000 pending more positive trading incen- E Eirestone estone !lnrldl P&L 55 54, Gatineau g: 58 'Sfl a P L 5s Ghen afaen & 49652 Bbla tEH Buen | J‘-‘;I.’f}f.’\ 98 = 98 103% 1034 103% o8l ORia 353: B5u Bt “ 9% 0% 6012 104 1 Q 1 58 4am- 1034 1043t }113 s r4302 10: : 90% 903 90 e i 7 lay: A3 weo 83 7. 69 69 b _w-:v. 107% 107% 9R% 987 987 % 81 0RoD! SBSHRR: o SEERR R [ty 2 & FERF 5 v B blas ‘37 U E Cp 628 ‘05 xW _stamped 5Nelnthblllt! 9% 9% 9% 8% 1sv. nw.—u. 16 4 1% 5% 32 63% 4106 105% 106 B 21% & Ital Su Pow 6s A ,' Pomeran Elec fs Ruhr Hous 6las '5 Santiag Chile 7 = th wth Edis mmc i 100 and &ee! - @ Paid this year. reported In receivership or being 89% 16% 5% 59 3% 37% 20% 102% 1025 6% 615 29 29 4 4 4% 4n 12 1218 3674 FEFPFFE PHLL+ I +++44+ ¥ 21% 2% 3l 2% + 3 Approximate Sales of Stocks on the N. Y. Stock Exchange. 180,000 12:00 Noon..... Dividend rates as given in the above table are the annual the latest quarterly or half-yearly less than 100 shares. 3 Accumulated dividends. 430,000 + Annual rate— b Patd 1027 108 i i 10835 10K3 108% 10032 1003 1004 10012100 " 100 58 | Vadkin®® Pavsesd) 0, FOREIGN : | Baden Con M 7s AP ias WL Without Wi—When ' issued. impaired by maturity. Companies reported in receivership, CHICAGO STOCK MARKET|, CHICAGO. July 20 (#.—Followi the complese officlal Tist of Iransactions in stocks on the Chicago Stock Exchanse to- High. Low. Close. ATSTEADY LEVELS Few Soft Spots Develop, but Number of Shares Gain Slightly. BY VICTOR EUBANK, Associated Press Pinancial Writer., NEW YORK, July 20.—Although the stock market today was in the grip of a dog day's inertia, the list, as a whole, gave a fairly good account of itself. Numerous issues were about un- changed at the finish. A few soft spots appeared, but there were a num- ber of gainers. The close was steady. Transfers approximated 400,000 shares. Bullish proponents were cheered by the fact that the selling of the pre- vicus session dried up and buyers again began to nibble at their favor- ites. Most of the board rooms, however, were virtually deserted as customers fled to the seashore and out-of-town resorts to escape the hot spell. Stimu- lating or depressing developments of an especially important nature were lacking. Grains found some support at Chi- cago, but cotton was still in the rear ranks. Secondary bonds were some- what uneasy, while the rest of the loans department was nearly motion- less. Foreign exchanges were rather firm against the dollar. Among shares that managed to get up fractionally to & point or so were Continental Can, American Can, Maytag, Case, Allis-Chalmers, American Tobacco “B,” Ne'w York Shipbuilding, Procter & Gamblz, Eastman Kodak, United States Gypsum, Johns-Man- ville, Santa Fe ard Chrysler. Evans Produets dropped more than 2 points. Leaders wcoving a shade in either direction included American Telephone, New Yorx Central, United States Steel, General Motors, Corn Products, Cerro de Pasco, Consoli- dated Gas, Atlantic Refining and Standard Oil of New Jersey. While hopes were still high for & Fall and Winter upturn in business and industry, some disappointment was expressed in brokerage circles over various second-quarter earnings statements. ‘The rather sharp dip of Evans' Products shares followed publication of the company's report for the past three months, revealing earnings of 3 cents a share, compared with $1.02 in the previous period and $3.14 in the 1934 June quarter, ‘The recent sag of Corn Products was also explained, at least partially, by its quarterly report, disclosing net profits of 52 cents a share, against 67 cents in the first quarter and 66 cents in the like period last year. GOULD RENAMED HEAD OF LOAN ASSOCIATION Special Dispatch to The Star. FALLS CHURCH, Va, July 20— Dr. J. B. Gould has been re-elected president of the Arlington and Fair- fax Building & Loan Association for the ensuing year. Other officers are E. T. Penwick, vice president; F. H. Eastinan, vice president, and Neil Stevens, secretary. Directors include J. H. Parmelee, F. D. Richardson and Judge Harry R. Thomas, the latter two being attorneys for the associa- son. NEW YORK BAR SILVER. NEW YORK, July 20 (#).—Bar sil- ver steady, unchanged at 67%. STEEL OFFICES REOPENED. NEW YORK, July 20 (#).—Because it expects an improved business in fabricated structural steel, the Amer- ican Institute of Steel Construction has reopened district offices at At~ lanta, St. Louis and Dallas. Earlier this year the institute re-established its New England office at Worcester, Mass. PUEREOTY U. S. TREASURY POSITION. By the Associated Press. o fiscal year (since July 1 Expenditures, S581.9: 132.412.07 emergency ex- of expenditures, 78, Gross debt. $20.14 a decrease of $4.216, eceding day. Gold 'assets. ‘Receipts for July 19 1 )34 (comparable date lnt year), 35! expendi- 00105 net balance gustoms receipts for the S s158 cluding $165.571 penditures: excess of expenditures, S1 goid assets, $7 867, e NEW YORK BANK STOCKS NEW YORK. July 20 (/. —New York Security Dealers’ Association Bid. Asked Bk of Man (1% United St o neiuding extras. We Wil Make First Constru Properties. Action on Applicatio Real Estate Mortgage and Guaranty Corporation 1610 K St N.W. Phone Nat. 1408 —OFFICES— SAUL BUILDING 925 15th ST. N.W. Tdeal location. opposite McPher- son Square; elevator building, well kept and under constant super- 923 15th ST. N.W. ELEVATOR SERVICE. LARGE REAR ROOM._..__$50.00 1621 CONN. AVE. N.W. 3 rooms. sultable for professional purposes; Tvice I3 | ++++ Stock sales today. 21.000 shares. EBond sales today, nome. B g6 65.00 —STORES — észldcgmNN AVE. N.W. turnished: "'approximaten” 300 square feet. RENT—$100 1616 K ST. N.W. Ground floor, heat furnished; ap- proximately 1,100 square m L 500 B. F. SAUL CO. National 2100 925 15th .1. N.W. o 20% Food Machine (1) Lyt AL L2 - during the wee< 77,545. against a decrease .mm IM” are now 1,274,215 than at this date in 1034. FOREIGN MARKETS. 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