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TA—18 ®Ea FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., THURSDAY, JULY 25, 1935. FINANCIAL. PEPCO NET RISES TR}}NSACTIONS ON THE NEW YORK STOCK EXCHANGESI[][}KS SELL OFF Prev. 1035 Stock and Brles— Nes. | Prev. 1035 SBtock and Dividend Rate. Add 00. High. Low. Clase. Ohge. | Higi Dividend Rate. A« 00. lllm m Close. cm Prev. 1038 Stock and )i % % 34% ll% 34% 4 1% 75 RevereC&Bpf.... 1008 8 = iw o m‘?‘.’é‘&':"“("uf“gfl'; b STOCK AVERAGES (88) 264 26— % 17, Reynotas Metats (11 1 33 33 9% — % A]- 6215 51 Acme Steel (13)... 3 110 110% 113 12% Reynolds Sp (140¢c). 25 23 %+ % pz‘ g:“ ::.m. :“m(.:i) 7 20 15 15 29 60) 29% 29% + % 43% Reynolds Tob B (3). 46 gg:: s % Adams Exp pi Indust. Rails, Util. Stocks. .. = 331 28 Adams Millis (2)_ 16 29% Royal D a1.70 % 42 42 - i T 5 Net change.. —6 Y —2 3 +% . Gains 0.84 Per Cent Over iy :-.:g?::'rx'c':g-:‘r(n'n:;".) 1;4.‘;-.5;-03.2 5 324 & 23 —1%4| 46 36% SafewayStores (3). 18 40 39% . 39% | selec"ve Buymg for Most ; ! 0 326 ; 814 Lee Rub&Tire (50c) 11% + % | 113% 104% Safeway Strs pf (6) 20s 110%5 110%5 110 Year Ago—Six-Month e T 3:,:::"“:‘1 ::_: 7 319 i 10% Leh Port Cement. .. 16 — | 11415110 Sateway Strs ot (1) 308 uzflI e e of Day Acts as Check on 204 156'% Alaska Jun (160c) 5% Lehigh Val Coal pf. 8 = %| 21% 10% St Joseph Ld (40c) 4 18% - 18% — % i 2 274 L » 5% : Total Is Down. 31 11 Albany Wrap Pape el o 5 Lehigh Valley R R_. 7% —%| 11% 6 Savage Arms 2 10m 104 104 — Profit Taking % % Alles Ooip () & 8 67%4 Lehman C (12.40) .. 87% 88 33% 22 Schenl 62 3 29% 30 — BY H. B. ROGERS. o 193 hah 14 430 408 514 3 Lioeo-Fora 0l (126) Bok seetH - e 138 2 tectl 1604 1 289 ¥ X Y o & 34% 36% 8 S8chulte Re Strs pf_ 260s 13V 12y ettt g e v s 1 08 e .. &5 8 242 349 21 Lite Saver (1.60) 2214 20% 55 Scott Paper (1.80)_. 608 7% Bachnes® - N 93% Ligg & Myers (14)B 7 ll'lu. 116 116 Seaboard Alr L (d). Unchanged _ per cent during the month of June | /0 l::: low .. .1::.: . l::‘: 1;"!’: 1957 Tt Eocomotive. 338, Al i 20;/; si:b?d"o De{(uoc))_ :g nge as compared with June, 1934, but net { 23,0 1o A)1ig Chalmers 1 high .. 4 * A 17% Link Belt (800) o 4 34 Total issues 5 32 32% 31 Sears Roebk(a75c) 114 fneome for the first six months of | 208 13 Alphabare Cme (i) 1027 low ... 51.6 618 618 24% Liquid Carb (11)... 5 32% 32% 32% 1% Second Nat Inv $2% 4 BY VICTOR EUBANK, this year fell off 0.80 per cent from | 3% 214 Amal Leather 31% Loew’s Inc (2) 57 41k 40% 40% 40 Bec N: Complled by the Assocrated Press. ec Nat Inv pf $23%. 290. Associated Press Pinancial Writer. the same perfod last year, 70% 4815 Amerada Corp (2) 1081 102 Loew's Inepf (477x 2 1004 107 1034 % Servel Inc NEW YORK, July 25—The stock This was shown in the regular| 57% 41l Am Ag Ch Del (2) 1% 1 Loftinc .. 1 1 1w 1% 9 Sharon Steel Hoop.. i ; e e 41’3 33 Loos 1% 40% 4 3% Sharp & Dohme 3 ) market today ran into realizing which monthly report np( x‘,fl' «-‘;\n\l:;?ul,xcnle? e d S H;“Nol:':‘n.f( .1088 - Stockand . S ‘ ¥ .| 130 121% Loo. 124 124 u% 8| r:hnnul‘/.) had been expected by the analysts ston. Bi - (a1.23. u tl 1 Net income sose from $315,076.53 1n | 140" 110 Am Gem cheyom s ’ N O Y % | 14% 4% Ta Oil Ref pt () . 2 & 3 515 Shell Unlon Ol o il ; 317.711.65 in Ji t = 62% Contl Can (3.40). : 191 10% Lou G&E pf A 5% s 18 T o Selective buying during the greater June, 1934, to $317.71165 in June of | 168 151% Am Can pf (7). 7 Contl Dia F (a30c). 4T 34 Louts&Nash(azi). 2 - 6:% slel U]aonc e > . part of the session, however, acted as i ALt si% miath ctanse i NE i AR Te T % 283 a1 wer (11280 221; 12% Ludlum Steel___-__ 20% e 2 ] & cushion for the fall and many fs- B e 8 - il a . Ee For the flrsg <1xsg|g;11 %5033 ik | 854 38 Am Chainpf ——— 5 Simms Pet (a50c)_ 5 sues held to a narrow groove. The net income ::;5 :9 5‘. . . (h: Beat| 96 66 Am Chicle (13) 413 Gorn Bx BEATe “)_ 4 13 T% McCrory Stores (d). 26 8% 15% Snider Packing __ Y close was rather heavy. Transfers fell off to $2.015,579. or_the 331, 221, Am Comel Aleohol_. 62 . Corn Prod Ref (3) 12'% 62 McCrory Strs B (d). 9 9 11 Socony-Vae (60c) _ % approximated 1,300,000 shares. half of this year, a drop of $16,205.79.1 73, “§i, Am Crystal Sugar. & 4% Coty Inc 84 57% McCrory pf (d) ___ 6 84 20 Sou Porto R Sug(2) " 24 2 U 1 Operating revenue rase from $99L,- | 1271, §7% Am Cryst$ pf (a3)- 35% Cream of Wh (12) i (3) At 180 132 Bou Forto & S pr(h) ofloeshly reuistany ana e 10% South Cal Ed (1%). : e $557.99 in June, 1934, to $1,057.155.22 3 % Am Encaustic (d) .. 6 d (a2bec). 4 . 122 90'% McKeesport T P (4) 12'; Crosley Rad (a25c) 6% 12% Southern Pacific 3 5 5 | favorites registered new highs for the 81,057, C 8% 5% McKesson & Rob_ June, 1935, a gain of $65,597.23, or 2 Am & Forelgn Pwr_ 2315 Crown C&S (1) . __ ’ = 6% in 8 45 32 McKesson & Rob pf. a1‘ Ya 5% Southern Rallway_. 3 % year before turning around. News 12' 7 Southern Rwy pf__ 2 = | developments were not especially pessi- 6.62 per cent. 12 Am & For Pw $6 pf. 24% 3% 4313 Crown C&S pf(2.70) . 5 815 McLellan Stores For the first six months of last year | 25 14 Am & For Pw 37 pf. S 312 Crown Zelleb'k vte. 281 18% Mack Truck (1) 21% 21y 42 Spalding(AG)1st pf 56 5 alis SRl Pk 44% 591 Spang Chalf pt (12) mis al ‘Okerage quarters attri- : 2 o 37 Am & For Pw 2d pf_ ‘ o 118 P, s gl ‘ operating revenue was $6.005.477.90, 2 24 Am Hide & Leather. 17% Crucible Btesi o7 : 301 Maey (R H)& Co(2) [ , 594 Spang Chalfpf (12) 50 83, 81 81 3% | buted the reversal to technical factors 5% 4 32 Spencer Kell (1.60). 3 35% 347 which, they said, are to be found even rising to $6,542,958.36 for the first| ooa 17 Am Hide & I ot 2 y ba D i D Talf of this year. a gain of $537,48046, | 34% 291, Am Home Pr (2. 40) 54 Cuban-a 5 5% % aaade Rros 189 . i aity 1 in the best bull markets. % 18% — Sperry vte (a25c % 107 lg‘: - 815 Spicer Mfg_. 14 3 3% | Grains backed and filled indiffer- 13% Man El md gtd (d) _. [ 43% Splegal-May =T Cae ently and cotton slipped. Bonds were i wismor~tel L Buaduoane §.. pmRRanen~© = areBanm or 8.95 per cent. 4% 2% Amlce. . s 401 Cuban-Am Sug p! 3 2 - Net operating income rose from 4 "f :m Eve pf (6) - 40 Cudahy pkl' (hgi*,_ lf-,, n:::;:hs!hé;tr:’s?f)_: $390.948.76 in June, 1934, to $400,- 1» Am International . 15 Curtis Publishing_ } 5% Marine Midld (40¢) L 1% Am La Fran pf (d)_. e Cuttisa WHIEbtE % o). Spieg-May-S rts 50 T3 3 S . 22588 in June, 1935, a gain of 9 A Ti6oatioave.l % Curtiss Wright (A). 20 Wax 1 Mockmal13) 305 10315102 Splegel-M-S pf(6%) 1102 102 102 raixed, as were the principal foreigr. $9,277.12, or 237 per cent. 5 32 Am Locomotive pf_. 16 Cutler Hammer. 4 9% 19% 13% Stand Brands (1)__. 39 16 15% 16% — % |exchanges. The guilder, however Capital Stores in Lead. 245 18% Am Moh & Fy (80¢). 23% 231 — 1 o 1%% i 130 1225% Stand Brands pf(7). 30s 12815 12705 12813 + 1's | rallied. ‘Washington department stores led 4% Am Mch & Ml!l!l - 9 9 =y 4 22% Deere & Co. 515 Maytag Co e 2 W 47 24 Stand Com Tobacco. 4 3 :l’:. :&:. - Shares of Cova-Cola got up 5 the fifth Federal Reserve district in SOA MO Mat v 3% — % 19 Deere&Co pf ($40c). 3 8414 Maytag 15t DF (§) ; A s aing gl‘:;filecr- Z @ 3% %~ | points, but relinquished part of this h for June and for s Am Metals 20% + % 2345 Delaware & Hudson 5% 3 M 1Co 4 Stan S84l A 4% 4% * | bef 5 sales gain botl 1% Am Power & Light.. o+ % 11 Del Lack & We b enge! s 6 Stand G &E $7 pf__ 1415 13 3 ore the finish. Johns-Manville, the first six months of Lh\s_ year, | o 8% Am Pw & Lt $5 pf__ 2415 + % 65 Detrete Edison (O . E gt:lh :engeluco :‘u = % Stand Inv Corp.__ E Deere and Armstrong Cork were mod- as compared to the same periods in| 3 10% Am Pw & Lt $6 pf__ 28% + 4% 2615 Diamond Mat (1) 2,: Mf:",‘“ C;;v" %)- : . 27% Stand Ol of Cal (1) 33 3 | erately higher. Union Pacific dropped 1934, according to a retail trade report 10 Am Radiator______. 1615 — % 34% Dome Mines (12) ... 3 915 Mid-Cont Pet(al5e) % 23 Stand Oil of Ind (1) 5 | some 4 points and others, off 1 to from the Federal Reserve Bank of 1343 Am Radiator pf(7)_ 15215 +1% 6% Dominion Stores___ " 8% Midland Steel Prod. 13 35% Stand OIIN J (11) . |around 2, included Corn Products, 2 15% Am Rolling Mills __. e 224 — % % 17% Douglas Afrcraft_.. D 12'; Starrett(LS)(a25c) 3 B & 3 . e here 'wers 112 per icont up || 341 8% dmsatatynas (o) %+ 1% 1315 Dresser M(b13%)A_. g e LI Bl 555 Sterling Prod (3:30) ‘ o o ineon O in June from June, 1934, and for A 23" :: ‘:;’;’;‘l;“"é‘, 8% 5 10§ E:;;‘B':“s"fi;":“"'!{: 3% Minn Moline Pw_ 2:" g:;:::'w:b';;:‘;‘_ i . | Smelting,” Cerro de Pasco, United the first six months of this year 31% Am Smelt & Ref -1% 86% Du Pont de N(2.60). 1% M St P&SS M1sIn_ 3 2y Studebaker Corp- 2 | States Steel, Bethlehem, Chryaler, showed a gain of 12.3 over the com-| 144 121 AmS&R 7% pf (7). +1 | 131 126% Du Pontdeb (6)_- 10% Mission Corp .. 60 Sun Oil (1) 5 | General Motors, Case and Lambert parable period last year. 143 125 AmSnuftpf (6) ; 114 104 Duquesne Lt 1st(5). 208 s h e 1% Superior Oil p The utilities and most of the rails Stock turnover was greater here in| 19 12 Am Steel Foundry_. 3 oo 5 Superior Stee 4 8 :| were only fractionally lower. Washington than in other principal| 103 88 ~Am Stl Fdry pf (2)- 8 3% Eastern Roll Mills_. e == 5% 31 Sweets Co of Am. : A 10% Mohawk C M (a25¢) 42 174 5 0 cities, being 401 in June ana 2158 | 43 3% Am Stores (12) dhe s meda RO > 55 MonsantoC (1) _ - : RN ol S co (18 3 for the six months, as compared 10| 1401, 1261, Am Sug pf (T) 16% Eaton Mfg (1) . 2 TN Seivomy W 512 4 Tennessee Corp Chicago Grain only 1.953 for the six months through- | 1301 987 Am Tel & Tel (3. 19% Electric Auto Lite_. : X Methis Lote 23% 1615 Texas Corp (1)- out the district. i 9613 721 Am Tobacco (5) 96 37 Electric Boat. .. & |;}'- mtlt;rrl;;nulc!‘s_o )- 36% 28% Texas Gulf Sul (2). How other cities in this district | 98% 74% Am Tobacco B (5) A 5% Elec & Mus Ind. K Mullins m: S90)- 4 6% 3% Tex Pac Coal & Oil_ 6 By the Associated Press lagged behind Washington in retail % 9 Am Type F pf (d).. 1% Elec Pw & Lt — 1213 8!; Tex'Pac Land Trust 93 913 — ¥ CHICAGO, July 25.—Despite sen- X z 367 Mullins Mfg pf. n by the figures, in s N e 213 Elec Pw & Lt $6 pf_ . 19% 13% Thatcher M (a50c) - ¢ ; sational reports of sev = trade is shown by gui 48 Am Wat W 1st (6)- 3 Elec Pw & Lt §7 pf_ 4% Murray Corp. 213 Thermoid Co WES SOE SeNeIe com dann part, as follows: : % 4% Am Woolen 39 Elec Stor Bat (214). 5 2" Third Avenue . 3 age to Spring wheat, grain markets June 1935 sales compared with 3513 Am Woolen pf : 2 11 Engineers Pub Sve. 11 Nash Motors (1)___ 3 2% 13 16 Third Nat In (a956) 3% 233 wound up today with little net change June 1934 in 2percen;s§ ch;nsse7: XS Ao Wi Eap ) 37 14 Eng PubSve$5pf__ e Chflé&slb “ 13% Thompson Products s 16% — 1, | In prices. Washington, 11.2 up; Richmond, 5. Anaconda Copper. 2 13 143 Eng P S $5.50 pf ww 's Nat Acme Co. 2 = 1% Thompson Starrett. P 1 2% — Ranid fiactaations. w 3 up: Baltimore, .1 down; other cities, | 17% 121; Anchor Cap (60c).. 15'2 Eng Pub Svc $6 pf_. 6% Nat Aviation 8 7 p 75 Tide Wat Azs0 Oil_. P Dame{’i i b!‘?OL\;uw sl;:dl:flf_lm! 1.4 per cent up, and the district as 9 100 Anchor Cap pf(6%) 7w ErleRR ___ = Nat Biscuit (1.60).. 35 : 0 21; 84 Tide Wat A O pf(6). e 9975 9974 il Eading but, e 315 Andes Copper______ 1 81 Erie R R 18t pf 312 Nat Cash Rk A(50¢) 5 100 Tide Wat Oil pt (3). 1061 1061 a whole, business lacked vol- & whole, 5.5 gain. 6 Archer Dan M (t1). 48 48% 10'; Eureka Vac C (80¢). s teay e o s e 4% Timken-Detroit ___ 16 8 8 — |ume Late reactions from earlier ad- January to June 1935 sales COM- | o7, 47 Armour Delpf (). 1105 105 105 i 15 Evans Prod (al)-.. S EaHAny D ) 8 1081 28% Timken R B (1) 3 4912 4%, 40 _ =, | vances were associated with unusual pared with 1934 half year: Per- 3% Armourof Thlinols.. 17 4% 4 4 1': Nat Dept Stores (d) 47 Transamerica(30c). 3 6% + i | lack of general public speculative in- centage Washiugton, (123 U, Tcn SE S AMmonET L PEpL () 10 S oIk 25% 17 Fairbanks Morse s “ 3% 17 Nat Dept Strs pl(d) 22ty 224 T4 Trans & Westn Air_ 9 9 terest. mond, 3.5 up; Baltimore, .7 up: other | 267x 16!z Armstrong Cork50¢ 73 27!z 26% 2 5% Fed Lt & Tr___ 2 :_:m. Nat Distillers (2)__ 76 2 51s Transue&Williams. o 0~ ’ cities, 29 up, and the district as & 4 Arnold Constable_ e 578 57 3%, Fed Motor T (al0¢). 21 NatEn&Stpg E % 17 Tri-Contl Corp 4s, — 1| Wheat closed steady. unchanged to whole, a gain of 6 per cent. 2 72 Asso Dry Goods _. 15 12% 124 12 161 Fed'd D Strs (160c). 145_ Nat Lead (5)__- | 5 4% Truax-Tra Coal 33 higher compared with yesterda. 5 R i 80% Asso DG 1stpf(19). 3 9915 28'; Fid Ph F In (11.20). CI T U T e e g ey 3 312 Truscon Steel - finish, September, 86's-14: corn, 35 Building Funds Indicated. | "55% 35% Atch To&S Fe (a2)- 41 538, 53 13 Firestone (40c)____ 5 1 13 Nat Ry Mex Ist pf _ ! 18 Twin City R T pf 2 T e Eentinibe TS o Upward trends in the housing and | 19'; Atlantic Coast Line. 12 21% ? 8415 Firestone pf (6) A S e q - ' off t 1 cent up. and provisons building industry are shown in a spe- 3 AtlGulf&W Ind___. 80s 65 19 Florsheim (1) A __. i 9 Nat Supply Co.... . o 2 1's Ulen & Co g 5 varying from 2 cents decline to 12 cial report prepared for Fenner &| 9': 6 AtlGulf&W Indpf. T 8 2% Follansbee Bros(d). 36 Nat Supply Co pt 53% Und-Ell-Fisher (2). al rep H 2 s % 814 Nat Tea (60¢) __ 8 107 4 2 cents gain. Beane by the Federal Housing Admin- 21% Atlantic Ref (1) 22% 22% 20% Food Machine (1) _. T Nit Co o > 29 Union Bag&Pap (2) £ = o | % Atlas Pwr pt (6) 111 60% Foster-Wheeler pf_ ~ 14% Un Oil of Cal (i)... b2 7 | ! Residential building permits of the | “5gs 15 * suburn Auto. 2115 21v 301 19% Fourth Nat 1 a1.50-. 3 431 Newberry J J(1.60) Fines Paciflcc(sj‘ ) ’ e city of Detroit covering one, two, three | 513 Austin Nicho! % 8% Fox Film (A) % S 7912 Un Pacific pf (4) . May and four family dwellings amounted to 3 2%, Aviation Corp( n 2% > 17i Freeport-Texas (1). :Z;’ A: ;r em;rul‘;k 207 Un Tank Car (1.20). 2 25 July O almost $4,000,000 of construction dur- —m = 26 1§ ;uiler go = n: 4 N X Central 9% United Aircraft. 7 September t! 'ear. o = % Fuller Co P T gzfl‘&e 3:‘ glit”;?f‘*,fiofi{m“‘j,”lm 11 Beltnors & Onio. b 139 112 NY & Harlem (5 G 1 Unka AT B the total was slightly over $1,- D Batumore & Ohlo- i 2% % Gabriel Co (A)__ - = 20% United Bisc (1.60) . year the By . % 94 Baltimore & Oh pf_. 14 9% 5% Gen Am Investor: ‘ 8% 4 N Y Investors (d)_ 1 46 United Carbon 2 000,000, 3614 Bang & Aroos (2%). 4% 44 32% Gen Am Trans(1%) 8, 23 NYNH& Hartfora 1% Untted Corp, June sales of the Glidden Co. totaled | 5% 3y Barker Brother: s 6 19% 11% Gen Asphalt. -~ 14% 6 NY N H & Hartf pt. e ot oD $3,427,870, which represents a 33.5 57 Barnsdall Corp . ‘ 7% Gen Baking (60¢) .. 16 6% N Y Shipbuilding.... 8% United Drug.__ T cent increase over the same month 371, Bayuk Cigar (50c 42 g 115 Gen Baking pf (8)_- 921, 69 N Y Steam pf (6) 4% United Dyewood - ll:sl 115 107% Bayuk C 1st pf (7). " 0% Gon Do e . i 3 30% Noranda Mines (2). Al ik 2 1s0m Lni::se in the sale of plumbing 14% Beatrice Cre (a50c). } 2 Gen Cable_ 4 2 North Am Aviation. 5 United Dyew pt @ s upplies for the first half of 1935 have 72 Besch-Nut P (12)... 50 Gen Clgar (t4) 2 Rexin e ool = 1% United Fruit (3)_ upplies for 11% Belding-Hem (a50¢). & — ¥ . A 35% North Am Co pt (3) 3 : . September he i o 201 Gen Electric (60c)._. = 9% United Gas Imp (1). 2 D further extended the increases re 117 Bendix Aviation __. 84 > 214 Gen Foods (1.80) - ‘ 67 North Am Ed pt (6) 433 U S & For'n Secur. December corded for 1934, and exceed all records 15% Beneficial Lo (1%)- % 1 GenGas& El (A)_. 7 ;gi. x;::or::arn P;mlflc’) = > back to 1930. 34 Best&Co(2). 597 Gen Mills (3) - s Northw: « 5 2 Total shipment of vitreous china 215% Bethlehem Steel _. % % 26% Gen Motors (1) Y 1 = i plumbing fixtures for the first half | 85 'fi':' gfé:ffi:"s".i?:gfp " 107 Gen gm:u of ‘«’5) 5 ?9- 8.“,&",?1‘ ::;‘5:) S ), % 354 U S Ind Alcohol (2). 3 £ 2 12 0 uni' i 0 -3 - 3% Gen Outdoor Adv. quip_. g % E of 135 italedi 1083 D00t eain o 95, Blaw-Knox_ 4 175 Gen Print Ink(1.6 13% Oliver F K pr pf A__ > : e T = o 38 59 per cent over the 1534 fotal 614 Boeing Airplan ! A 9315 Gen Print Ink pf(6) : 31, Omnibus Corp _ 4 19% U S P&F 1st pf 1.20. 3 3 First reports of modernization credit % 39% Bohn Alum &Br (3) 3 1% Gen Public Bervice. 4%, Oppenheim Collins 7 3 US Realty & Imp « ! (‘hlcaxo Cash Market. loans under the amendment to the | 90 Bon Ami (A) (t4)__ 15% Gen Ry Signal (1)_. 5 11’ Otis Elevator (60c). 1 9% U S Rubber._ 5 5 18t 131 Cash wheat, No. 2 red, 88a88', national housing act which permits 7% 46% Bon Ami (B) (12).. 3 4 % Gen Realty & Util__ 11ty .0:‘ Otis Steel .. 251 : 2% 2413 US Rubber 1stpf_. 88 36% 35 1 hard, 99; corn, No. 1 yellow, g tssuance on loans not exceeding | 26% 21 BordenCo (160).__ 6 14% Gen Real & U pf ww 224 Otis Steel pr p 3 2412 95 USSmelt&R (a6). 3108 106% 106% —2% | No. 2 yellow, 863,a87: oats. No. 1 $50,000 extended for the purpose of | 4 281 Borg Warner (1%)_ 3 % 163% Gen Refractories _ ” 104 80 Owens-1ll Glass(4). Wl 173 627 USSm &R pf (313) 3 73 73h — % | white, 38'.: No. 2 white, 363;a38 " " 813 Bridgep't Brass 40c. L > P - 9 » ndustrial 14 Gen Stl Casting pf_ 2 27% U S Steel____ - & 40% — v improving commercial and & 241, Briggs Mfg (2) __.. 12 Gillett Saf Ras (1) 15% 14% Pac-Amer Fisheries 5 % 14 73% U S Steel pf (2) 3 9% + 1¢ | DO IVE; no buckwheat: no soy beans; properties, indicate that a tremendous 3 i trat (3)_. 21, ifh 52 ik . s 5 = * | barley. nominal: feed. 34a45; malt- mew market will be tapped and that | Y go:: Eflfio’lig:; ((VZ)L 4 7 73:: g:}rl:ebtellsslr‘ol: BEw: A 8 ’ :}',-; ?:fimi g:::: 1s 67 5 dgb’ E:;::g sbtlgrr:: ;‘7?)7 sf\s": + ia|ing, 42a53: timothy seed. 3.50 per commercial and industrial organiza- 36); Bklyn-Man Tr (3) ‘ 18 = Gimbel Bros p 3 ¥ 4 1 Pacific Coast 2d 2t H 40% 30 Univ Piclstpfd . 3 % 354 +1% | hundredweight; clover seed, 12.00a tions will take advantage of this new 90 Bklyn-Man T pf(6). 2 23% Glidden Co (t1) 29 25% ] 2 7 21x 1 UnivPipe& Rad___ 4 1t 16.00 per hundredweight. feature which permits repayment on 14 Bklyn&Qpf (2)--- . 109% 104% Glidden Co pr pf (7) s 19 Pacific Ltg (2.40)__. 19% 12 Univ Pipe & Rad pf. 18% — % ® monthly basis of bank loans ex- 43 Bklyn Union Gas(5) 4% 11 Gobel (Adolf) (d)_— 1% 3% 1 UtIPw&Lt(A) -. 2 U—h Liverpool Grain Prices. tended for purpose of improvement. lgfu g;g::g:;:g’(, = e 61 14% Gold Dust (1.20)___ 16% S ol o LIVEIRPOOL. July 25 (P.—Wheat fu- C = = anhandle = t A d 2 4 % Bucyrus Erie ov pf_. " 15% Goodyear T&R____. 20 4% 21 Va-Car Chemical E 1 . ) New Credit Union Started. 3% Budd(EG)Mfg____. 73" Good;u.r $7pf (4). 1041 724 Va El & Pw pf (6) 1008 103 103 103 a7 Another new Federal credit union 3 Bedi GrNiEeE . 21 Gotham Silk Hos 3 8 Pathe Exch (A) . : est vernment 2% Budd L am Silk H pf_.. 81 Patino Mines______ s being established by Government S Budd Wheel 20 Goth = 1 1% Bullard Co-—————— = £ 6 6412 Penick & Ford (3)-. employes, to operate among workers of e 3% Bulcve Watihe i 1% Graham ?':o.f 6 the Procurement Division, Treasury % 13% Burr Add Mfl,“o‘,)_ % 214 Grand Union - Department. 1 Bush Terminal (d). 14% Grand Un pf (1%) . 17% Penn RR (1) Announcement yesterday of the new 1% Butte Copper&Zine.. 184 Granite City Stl (1). 29 % 17% Peoples Gas C s, Warner-Quinlan_ al proj of the Washing- % Butterick Co (d) % 26 Grant (W T) (11)—- : 16% Pere Marq pr pf-_—. 21; Warren Bros. .. educational program ng: ton Chapter, American Institute of L% Byecn ch M= 9% Grt Northern pf____ 14% Pet Milk (1)——re— 1 153 %+ 21 Warren Fdy&P (2)_ : pler, 32 Byers (A M) p! 9% Grt North Ore (50¢) 7% Petrol Corp__. 9 9 4 Webster Eisenlohr_ New York Cotton Banking, has stirred much IN(Erest | ee——— ’ 26% Grt West Sug (2.40) 2 12% Phelps Dodge (a25¢) 1 Wells Fargo Beiew dagie sewbes & B oo 3 Cunakthst R 14 201 Greyhound Corp_ 23 Phila Co 6% pf (3)- 30 Wesson O&S (150¢) Besiprasrarorys pected there will be a large enroll- 2% Calumet & Hecla.___ 6 Gulf Mobile & N 381 Phila Co pf (6) new. 72 Wesson O&S pf (4). y the Associa ress. ment in the classes to start late in 7% Campbell-Wy (a20¢) 12 Gulf States Steel 1% Phila & Read C&l__. 34 West Pa Elec (1)A_ NEW YORK, July 25—The finai September. SwanDy QA8 4 351 Philip Morris (1) 36 West Pa Elec pf (6) 4 evening up of the July position in cot- Public Telations activities of the| 13% % Canadiap Eacifc... : 34 30 Hack WpfA (1%)- 20s 13% Phillips Petrol (1) 39% West Pa Elec pt (1) 80 ton was accompanied by wide fluctua- ‘American Bankers' Association con- 4% Capital Admin (A)_ 1'{:: z Hall W F Printing_. 1 3. Phoemxxfl" ery ... 2 Westn Dairy B vte.. i tions. July sold off from 1193 to i 2 s 6% Hamilton Watch.__ 2% Pierce Oil pf_ R 512 Western Maryland_. o e Riofa sac fa st pn S Non T s U o £8% 63 Hamilton Watch pf. % 95 5 Pierce Petroleum__. 1ia Western Pacific - ) 1150 before trading ended at mi among financial circles, but on the 45% Case (JI)Co.. 2 " 108 101 Hanna (M A)pf(7)_ 105% 105% 81 Pillsbury FI (1.60) - 2%, Western Pacific pf_. 3 day. Business otherwise was com- part of the public. The association, Y9 83%% Case (J I) pf (4 " “| 23 16 Harbison Walk (1) b 22% 221 221 4+ % 9 51 Pitts Screw & Bolt_. 20% Western Union__ 3915 —114 | Paratively quiet and price movemen's in addition to sending out its original e catscuiinainriCH) = $8 s ¥0% 5% Hat Corp of Amer__ 1% 10 113 +1% 224 Pitts Steel pf______ 18 West'gh'se A B 60c. 5o 2615 — 1, | were narrow within & few points statement for release in the press re- % 19% Celanese C°‘;P- =8 % 1% Hayes Body - .. 3% 8 B—u 10% Pitts Term Coal pf. 32% Westingh'se Elec__. : % 60% — s |cither way of yesterday's closing cently, is mailing additional copies to 1% Celotex Co (d)... Y 3 m 116 116 1% Pitts United Corp._. 10 Weston Elec Inst__. 17 —1% | quotations. The mid-afternoon market 11% Celotex Co pf (d) 2 V 2 - many other sources. 22% Gent Agwire (1) |06 234 [ A 5 30N o R4 35 —I% | was dull at net declines of about 3 to One statement of President Rudolf 34 CentralRROfNJ.. 4 points on most positions. 5. Hecht, which is receiving much 6% Century Rib Mills__ 1 e . i e e oupraD . e G e favorable comment, says: “We have 38% Cerro de Pasco (4)— 6% Holland & Son (500) % 5 Pressed Stl Car (d)- 1% White Sewing Mch_ ‘ tried very hard to convince the public 3% Certain-teed Prod... 30% Houd-Hersh (2%) A 612 Pressed Stl C pf (d) y 6 White Sew Mch pf_. Qetober that the banking fraternity has truly 23 Certain-teed Prpf.. 615 Houdaille-Hersh B 16% 42% Proc & Gambl (1%) 7 3% Wilson & Co (ac). D profited by the lessons of the past, is 374 Ches & Ohlo (2.80) 4 49 House Fin pf (3%)- 66% 120% 118 Proc Gam pf (57 58 Wilson & Co pf (6)- 4 e 2 36 Chesapeake Corp(3) 1% Houston Ol (new) . 2% 20% Pub Sve N J (2.40)... 6% 36% 51 Woolworth (2.40) i determined to approach all questions 9 0 Spot quiet: middling. ‘ % Chi & East Il pf (d) 1 43 Howe Sound (3) - 49% 62% Pub Sve N J pf (5).. 11% Worthington Pump. (Trading in the July, 1935, contract ex- ©f banking policy from the broad view- % Chi & Grt West (d)_ % % 2% Hudson & Manhat . e 73 Pub Sve N J pt (6)-. 25% Worth Pump pt A. n pired s¢ hoon todaz) | point of public welfare and is pre- 15% Chi Mail Order (t1). 13% 6% Hudson & Man pf. % 85% Pub Sve N J pf (7)-. : B T 35% Wright Aero___ $ pared to carry its full share of the 3 % Chi Mil StP&P (d)_ 4 % 12% 6% Hudson Motor Car. 8oy 34 Pullman Inc (3).. 45 73% Wrigley W jr (13) 2 80 " Cottonseed Oil. burden in connection with all efforts % Chi M StP&P pf (d) 3% % Hupp Motors. 1% i 4 Bleachable cottonseed oil futures to restore sound prosperity in this 1% Chi & Northwest _— i 17% Yale & Towne (60¢) F . gountry.” 45 Chi Pneumatio Tool. %| "17% 9 Mitnols Central. 14 » 4 2% Yellow Truck-——— . 11 ; closed steady. September, 9.45b; Oc- ¢ %% 20 Chi Pneu Tool pt 57% 40 Il Cent Ise line 8% Purity Bakeries 32% 18 YoungSp& W (11). s toher, 9.83h; Dlecember, 0.46h; Janu- Teansit Stock Active. , 33" 23% Indus Rayon (168). 2 23 13 Youngstown S& T.. > *ary, 9.48b. Sales, 53 contracts, in- Capital Transit Co. stock was active 5 e 95 60% Ingersoll-Rand (2).- 4 Radio Corporation_. 6% . 75% 381 Youngst'wn S&T pf. ’ cluding 2 switches. ®gain on the Washington Stock Ex- 31 Chrysler Corp (11)- 77% 46% Inland Steel (2).__. 3 x 50 RadioCpPpfA (3%) 8 change, selling slighfly off in seven 20 City Ice & Fuel (2). 6 4% 2% Inspiration Copper.. 35% Radio Corp pf B.__. 8% 1% Zenith Radio._. ( - A : 2| . transactions, ranging from 20% down 87 City Ice&F pf(635) 7 4% Interlake Iron_.__.. 2% 1% Radio-Keith-Or (d) 4% 2% Zonite Products. 3% b.‘l‘fi%?fi&n’%’fl, gp‘o{,.m;:a& 2,000 12% Clark Equip (80c)_. 5 2% Int Agricultural___. % 3 % 16% Raybestos-Man (1). Approximate D 2 %o 20 and back up to 20%, a total of 27% Clev Graph Br (t1). 1843 149% Int Bus Mach (16) . i 29% Reading (2)-———ee Setee ol en (e X T eck Euchange. | Dooe o e e 80 shares. Washington Gas 6s B sold % 21 Cluett Peabody (1). 0 22% 21 % 6% 3% Int Car'rs Ltd (20c) 1 Reis (Robert)._. 1: 30 gg . :Wm 1::00 Noon. 690,000 .4 i . 7.11: strict middling. at 104, American Security and Trust| 224% 161% Coca-Cola (8) ... 12228 224 226 +3 | 33 223 Int Cement (1) 7 Remington-Rand e i e e - -‘1‘33 St c midiing, 6.50; Strict s008 ora: notype at 63. el o) — = 152 1 Int Harvester pf( % — % 70 Remington-. - 3 - o ype 9 Collins & Afkman - 8 237 * 22% Int Nick Can (60¢).. T 27% 2T% — % 2 Foo Motot Car - 1 dpeh payments based on flu hmt cunmxl.y or half-yearly - mber, 6. January, 6,(1.4 69% Collins & Afk pf (7) 110s BN 100 + % 1% Int Paper & Pw (A). 4 1% 9 Republic Steel . I+l 4++E+ 14404 B 1+1+101 Sl 18 A RS II'YI4| 4 3 3 414 Waldorf Sys (b20c) 1 7 7 4+ 20 w.]gr"; o (lel). i 2%s & : Baltimore Quotations. 281 Ward Baking pf (2) 42 413 — 21 Warner Bros Pic._ 5 . BALTIMORE. July 25 (P —Close— 5 14313 Warner Bros Pic pf. 13208 4 Jomesiic: % ol o2 B +_L_+_I+Ill* FE FEFRFE FEF ¥ FrEFFEL ¥ -~ See o & - B FEE F oFSer ¥ L3 ations. 1 s Unit of trading less than 100 ual ra ' 50 TONS OF LEAD SOLD. % Colo Fuel & Ir (d)_. 7 2% 2% — % % Int Paper & Pw (C). % 28% Republic Steel pf... 5 i3 E’;-:m 3 Aam.vfl::;“ m“‘"‘,_,,‘ '.e.},.‘”:.,_ o] NEW YORK, July 25 (#).—The St. b - 80— e 21% Int Print Ink (1) - 3 261 + % MILLER NAMED HEAD = 3% Col Gas & El 52 o 7 t 35% ColG&EDPLA (). 1 9% Int Ry C A ptf 1% — :«lle:‘: lI;néd’Co resz?]fll that 50 wn; 24% goi“zmam l('.l))- l: 2: {n( Salt ;/.) 3 :g% —1% Fox F".M HOLDEHS Fox in exchange for issuance to | into en;-(nmon : rfiu nnu of 1Y ios s rom Southeast Missou ‘olum Carbon (4) - 423 Int Shoe (2).. Twel Century shares | shares of common for each share of ens: g mines were sold yesterday at $4 per 391 Comel Credit (2J... 16 48 47% 48 + 16 l:t su?-r _)_.._. 1% ntieth of J8LR1 ke preferred. WINCHESTER, Va., July 25.—Percy &S 22 hbundred pounds St. Louis. 115 112 Comel Cred pf(533). 60% Int Sil £ (4) . 70 of new $1.50 dividend cumulative pre- y 68y 564 Comel Inv Tr (12).. 13 66} 65 5% Lnt Tel & Tel - 9% — % |0 VOTE ON MERGER ferred stock of Fox and 613,264 % . Miller, formerly vice president and : 17% Comol Solv (160c)—. 93 21 20 13% 8% Intersttae Dep 184 - % shares of its new common stock. poccetaty of thel Winchaater Mo RAILROAD EARNINGS. ot Comm & SouthernT 65 In Tk I 3 64 Intertype (azc) . - 12% = % . Beniai VGirusuire {afliin willba | RDUSLE R EXTORS IR S Mt ihaatboce: cleciud puenidesh. B SR B B sy it 2o% e B S e oo 264 — % | Special Session Set August 15 to|simplified. Its class “A” and “B"| NEW YORK, July 25 (®).—Future yocued' oo noonion since its for- June include oshio05 *hi M 23% Conn Ry&Lt (435)_ 108 45 45 64% 49 Jewel Tea (3). ;| 64% Act on Acquisition of Twen- |common will be reclassified into | lightweights advanced § to 10 points |\ yion four years ago. X ¥ 41 Conn R&L pf (4%)- 56 60% 38% Johns-Manv (a2bc). 87 61 59% 60% +1 .“1 shares of new preferred and common | in the burlap market during the week, | .o board of directors made Mr. 71 ConC prpf ww 6%.. 7 125 117% Johns-Manv pf (7). 10s 125% 125% 125% tieth Century. with heavywelght futures yielding & | pcyicar treasurer of the company 3 Consol Film W% A% 73 50 Jomes&Laugh?%pf. 150s 70% 69% 69% + % [p o yociciated Press. similar amount. in the place of Marvin Weaver, who 14% Cons Film ufluu) 6% 16% 12% 7% Kaufmann DS(830c) 1 12 was chosen secretary. 15% Consol Gas N Y (1). 25% METAL MARKET. 723 Consol Gaspf (5).. 3 98k 15% Kayser(J)&Co(50c) 1 19% — % of stockholders MONEY MARKET, Elwood Smith was elected vice pres- % Kelly-Spring T (d). 63 1%+ % . ident in the place of Mr. Miller. 2% 1% Consol Laundrie: YORK. July 25 (P —Copper auiet: 3 Cousol Laund R ST 0% ol 20% + 3 | o 15 ta bonide: i fospeof L NEW YORK. Juy 23 (p—oun mones et s | 31 2 Centol REICEha b § Keloer-siaves (A2 Fox and Twentieth Century Pictures, . Steady: 4000 “dare. h cfl-n:: Commercial Solvents Corp.—Com- 3 per cent. ' Banker mon share earnings, six months end- m % 1 Consol Textile ____ 3% Kelsey-Hayes (B).. 'ihl'nzg‘ East Bt Louls, 300, ‘Sine Temi 8% Container Corp (A). aqg 5“"“1‘82 (.Q’l:)'c‘))._ 11 e ‘endall = The P hknesd " Nagiscount. sate. "New Po 13% Kenneoott C (§00).. - ¢ ‘Twentieth Reserve Bank. 1% per cent. ed June 30, were 41.cents vs. 47 cents. ouis, spotand future. 440. 2% Container Corp (B). fi.\:‘x’u‘l‘nm 19.00a22.00. Antimony, spot. 4% Contl Baking (A)ao. A\ [] » ©on separately operated Droperties. P EEESEE S —~ s