Evening Star Newspaper, August 7, 1935, Page 15

FIN BONDS ARE DULL ATSTEADY LEVELS Small Gains and Losses About Even—Most Util- ities Unchanged. By the Associated Press. NEW YORK, August 7—Trading in bonds was uneventful on the New York Stock Exchange today. Steadi- ness prevailed in most sections, and small gains and small losses about off- set one another. Among the industrials, most were unchanged, although Chile Copper 5s rose slightly to close at 96% and Penn Dixie 6s braced up to 92%. The majority of utilities came down the home stretch unchanged after modest rises earlier in the session. ‘Western Union 4'is advanced a full point to 98. North American Edison 528 were a little lower at 10132 Government bonds were steady. General Electric Bids in Part of Insull Collateral By the Associated Press. NEW YORK, August 7.—General Electric Co. today bid in at open auction part of its Insull collateral. The company thus gained formal legal possession of shares it had held as collateral for loans to the Insull interests. 1t bid $39 a share for 390 shares of | Peoples Gas Light & Coke Co., of Iliinois common stock of $100 par value which was pledged against a loan to Investment Utilities Co. In addition it bid $82 a share for 691 shares of Commonwealth Edison Co,, of Illinois common stock of $100 par value which was part collateral pledged against a loan to the Corpo- | Tation Securities Co. 1 DIVIDEND IS ORDERED BY GREYHOUND CORP. By the Associated Press. CHICAGO. August T—Dirsctors of the Greyhound Corp. at “yesterday declared the regular quar- terly dividend of $1.75 per share on the preferred stock, series 1. payable 'October 1, 1935, to stockholders of | record September 1. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, August 7—The fol- Jowing is today’s summary of corpora- tion news prepared by Standard Sta- tistics Co., Inc., New York: General Motors Corp.—McCook, 1., Sactory of Electro-Motive Corp., sub- sidiary, now under ccnstruction, will save a continuous assembly line for sroduction of Diesel-Electric locomo- tives. Plant will - start openuons around November 1. Mack Trucks, Inc., deficit for six months ended June 30, was $319,033, vs. net income of $180,980. | Eastern Steamship Line, Inc—It was reported company has set aside a meeting ANCIAL., By private wire direct to The Star. Approximate Transactions Today. U. S. Gov't Bond Foreign Bonds Domestic Bonds LIBERTY. High. Low. Glose. 4th 4481933-38. 10112 10112 10112 4th 4%¢s 33-38 rg. 1019 1019 1019 TREASURY. 27%s1955-60. 10118 10115 10115 35 1946-48 . 10325 10823 10323 35 1951-56 104 10330 10830 3145 1946 --- 105 104 30 10430 3145 1949-52 - 10429 10428 10428 108 27 108 26 10826 ~~ 10613 10610 106 10 s».s 1940-43 June 108 21 10821 10821 3% s 1943-47____. 10728 10725 10725 3% = 1946-66_____ 11018 11018 11018 C112 11131 1131 5 10620 106 18 10818 4% 1947-52 077 Hr 1y FEDEHAL FARM MORTGAGE. . 10112 10112 10112 10221 10219 10219 10212 10210 10210 HOME OWNERS' LOAN. %S 1939-49 10031 10028 10028 381952 1029 1027 1029 FOREIGN BONDS. High, Low. Clese. Abitibi Pa&Pw 5853 2 Adriatic El 7s'52 Akershus 5s '63. Antioquia 7545 A Argentine 5%s '8! Argentine 6557 A. Argentine 63’58 B_.. Argentine 63 59 June Argentine 6s '59 Oct Argentine 6s | Argentine Argentine 6s 60 Uct Argentine 6s ‘61 Febr Argentine Gs ‘61 May ~ Australia 4%s '56_ Australia 58 ‘56 Australia o8 Belgium 68 Belgium 75 '55 Belgium 75 ‘56 Berlin 6s 58 | Berlin 638 ‘50 Berlin Elec 65 '35 Bolivia 78 ‘58 Bolivia 85 '47 Brazil 648 Brazil 61 '27- DL Brazil 8541 Brisbane 5 Buenos A 6s BuenosAs Bulgaria s '€7 July coupon oft | Canada 4s 60 | Canada 4 108 101% 3tz 114k 131 Chile 6s 61 Jan 134 Chile 6s 61 Febr 13% 1318 12% Chile Ts ‘42 | Chile Mtg Bk 63" Chinese Gv ¥ Christiania 6s ‘04 | Colombia 6s ‘61 Jan.. ! Colombia 6s Copenhagen 4% Copenhagen 58 Cordoba 7s | Costa Rica 7851 A May coupon on. Cuba 58 '04-"44 100% 3% .’3‘4 fib . 43‘. 7 4 Czechoslovakia 8s. Denmark 4%s '62_ | Denmark 5%2s ‘56 | Denmark 6s ‘42 Dominic 15t 518 '40. Dominic 1st 5328 '42. Dominic 2d 535 40 ._ E1 Salvador §s 48 ct. Finland 63s ‘56 Frankfort 61%s French Gov 7s Ger CBk A6s'38 __ Ger C Bk A6s'60 July Ger C Bk A 6360 Oct Ger C Bk A 7s '50 Ger Gen El 7s'45 Ger Gov 528765 - Ger Prov & City Bk con Ag 812858 . Ger Rep 784y Good HS &1 7s - 103 62 64‘- GrtCElJap 78 Haiti 68 ‘52 Hansa S § 6539 ww._ $500,000 to acquire shares of its first@Italy 7s'51 .. ____. preferred stock for retirement and ItalCrd PW T cancellation and is inviting tenders | from owners stating the price at which they will sell their shares. Keystone Steel & Wire Co.—Presi- dent said net income of company for | year ended June 30, 1935, was equal, after preferred dividends, to about $5.60 a share on common stock, com- pared with $5.35 per common share in preceding year. He said preliminary estimates assured a substantial profit for July. Old Colony Associates Co. earned | 83 cents per share in first half vs.! 34 cents in like 1934 period. Sisco Gold Mines, Ltd—Gold pro- | duction of company in July totaled $184,257 vs. $182,935 in June, 1935, | and $181.294 in July, 1934. In seven months ended July 31, production ‘was valued at $1,296,589 from 89,984 tons milled, vs. $1,208,099 from 69,- 171 tons milled in like 1934 period. Southern Pacific Co.—Company’'s Airst half deficit was in excess of $3,000,000 compared with a deficit of | $2,506,477 in first half of 1934. Princi-| pal reason for the decline below a| year ago in earnings was drop mx other income which in first five months amounted to $4201.062 vs. $5,788,963 in like 1934 period. | Grant (W. T.) Co.—Sales in July| showed decreases of 9.4 per cent over like month of 1934; decrease for sevan‘ months was 10.2 per cent. Fox Film Corp.—The Twentieth Century-Fox Film Corp. will issue | options on 60,000 shares of its new | common stock to S. R. Kent, presi- | dent. In addition, options on 40,000 common shares will be reserved for issuance to officers and directors of the company as determined by the board. The option price will not be | less than $10 a share. Mr. Kent's option is exerciseable at the rate of 10,000 shares annually for six years at a price per share equivalent to the average price of all shares of common stock sold on the New York Stock Exchange during the first 90 deys after the listing of the company's | common stock. The company stated that the option was granted Mr. Kent 88 compensation for work done under an agreement dated April 1, 1934. - Puerto Rican American Tobacco Co. of New Jersey—Deficit for six months ended June 30 was $163,261, wvs. deficit of $201,112. American Can Co.—Company plans to erect a plant at Tampa, Fla. at a cost of abqut $1,000,060. It is understood that part of the capacity of the new plant may be used for production of beer cans. Operations Rise Highest Since 1929 i At Wheeling Steel By the Associated Press. s'47 B. Ital PUCrd 7! ‘08 Japan 53%s €5._. | Japan 6138 ‘54 Jugos Mtg Bk T: unmat coupon . - - Kreu&Toll 6s'59A cfs Lombard El 78 '62 - Met Water 5345 ‘50 Milan 623852 Minas Gers 6%4s’ 59 Sept coupon off __. Montevideo 6s ‘59 Montevideo 7s ‘52 New So Wales 55 '68 Nord Ry 61850 151 Nor Ger Llovd 6547 82 Nor Ger Lld 6s'4Tnew 48 Norway bs '63 - 101% Norway 5128 '6; Norway 6s'43_. Norway 6s '44. Norway 6s'52_ Norw Hy E1 § Nuremberg 6 Oriental Dev 538 OsloG & E 5s'63. 100% 100% 100% Panama 5s'63__.___. 58% 58% Panama 55'63 stpasd 54% 54 Peru 6s'60.__. 14! 145 Peru 6s '61_ 14% Porto Alegre 8s '61 July coupon off.... 19 Queensland 7s'41.. 2. 110% 110% 32 32 32 32 3% 101% 101% 150% 151 82 82 48 48 10113 1015 102% 102% 105% 105% 06 1 - 102% 102% 102% 961; 96% 96Y% 241 24% 243% 81% 815, 81% 101% Rhine W EI P 6s'52.. Rhine W EI P 6s '53... | Rlode Jan 6%s'53 Aug coupon oft __ Rio Gr do Sul 6s 68 June coupon off .. Rio Gr do Sul 8s 46 April coupon off . Rome 63%s '52 - Rotterdam 6= '64 .. Rumania 7869 Aug coupon off ___ Sao Paulo St 8s'68 July coupon off __. Sao Paulo St 7s 40 Saxon Pb W.7s Serbs 78 '62 unm c on Serbs8s’'62unmecon 29 Shin'su E1 P 6% Silesia Elec 64 Silesia Prov 78’58 Sier s & H 6%s '51 Sydney 5%s '55 Taiwan Elec Toho EI Pw 78 '5i Toklo 6%s '61 Tokio El Lt 6s'53.... 81% Uruguay 6s'60 39 Warsaw 7s ‘58 2% 1% Westphal E1 P 6s 31% Yokohama s '61. 85% 85 DOMESTIC BONDS. Abr & Straus 5 %l 43 102% IDN lm Adams Exp 4s 48 Ala Grt Sou 4543 I!M uv. u % 1% 1% Alleg Corp b8 '44____. G.Vl “’k g% 12% 18 12% 15% 14 14 603 5814 58l 112% 112% 112% 32% 1215 12% 14 Alleg Corp 58 'n._.. Alles Sattes 108% eg Valley 4s '4 m Allis Chalm 6s ‘37 mm mu log:: lll% lll% lll% Am Int] 6%s'4) 98% 99 llfl um llfl Am Wat Wks Am Writ Pap 6 21 134 | H':[ THE EVENING STAR, WASHI BOND AVERAGES Net change . ‘Today's close Previous day.- Month ago_. Year ago. 1935 high . 1935 low 1034 high .. 1934 low 1932 low 1928 high . Month ago. 1935 - high. Bang&Aroos ev 6 gt $B. Bell T of Pa 55’60 C.. Beneficial L 6346 Beth Stl o m 55 °36 _. Beth Sti rf dbba'42. Bos & Me 4%s'61J. Bos & Me 55 ‘56 Fos & Me 55 ‘67 5 Bos N Y A L 4855 | Bot Con M 6‘,2 s'34ct 9A Bklyn M T & Bklyn M T 6 Bklyn Un El 58 Bklyn Un Gas 58 50 Buff R&P con 0‘5- 51 Bush Term cn Bush T Bldg § (0 - By-Prod Ck 5%s 45 Calif Packing 68 40.. Camag S 7s '42 ctf, 4 | Can'dlan Nt R4 %3 4 Can‘dian Nt R41;8'56 | Can'dian Nt R4%48'57 Can'dian Nt5s'63July Can'dian Nt 55'69 Oct Can'dian Nt R 58°'70 | Can'dian N db61;s'46 Can'dian Nr db 7s "40 | Can'dian Pc db4sperp Can'dian Pc 4153 '46. Can'dian Pc 4%s '60. Can‘dian Pe 5s ‘54 Caro Cl& O 6352 A . Cent of Ga con 55 "45.- Centof Ga 5559 C_ _. Cent 11l E& G bs '51. Cent N Eng 4s'61 | Centof N J gen 6887 | Cent Pac 1strf 4849 | Cent Pac 5s ‘60 | Certd aeb 53sa '48 Chesap C ev cl bs ‘44, | Chesap Corp 5s °47 {C&Ogen 4%s’92 \ C&O4%s'3A | Chi & E 111 5851 - {ChiG L&C5s'37.. Chi Grt W 4s'59 | CMeStP 4s 89 m | cCM&stPss 18 CMStP&P adj 68 2000 Chi & NW gn 4587 st Chi & NW 4348 2037 | Chi R I&P rf 4834 Chi R I1&P rf 48'34 cf. Chi R I&P 415860 . 2 | Chile Cop deb 58 *47__ CinGas El 4s 68 A__ | Cin Un Ter 418 2020 CCC&StL C div 4539 CCC&StL rt 4%s'T7E CCC&StL rf 5563 D Clev Un Ter 41877, Ciev Un Ter 6313 B Clev Un Ter 5%s'72A | Col & So 4%s 80 | columm- G & Eded April Columhu G&B 5s'52 May Con Coal Md rf 5 Con Coal Md 58’60 cfs ConGas N Y 4%s'51 Con Gas N Y 68 '57. Con G NYdb i‘jf‘i, 1 Cons Ry Co 48 Container deb § Container 6s'46 . Crown Zell 6s 40 Cuba R R 1st 58 5. Cuba R Rref 1%s'38 Cuba Nor RR 63842 Del & Hud ref 4s"43.. Den & RGcn 4836 Den & RG W 68 "85 Den& RGrf65s'78 Det Edison rf 55'49.. Det Edison 58'52 - Det Riv Tun 4%:8'61_ DulSS&Atbs’3 | Duqu Lt 43%8'57 Duqu Lt 1st 4%8°67. East Cuba S 7%s'37. Erie 489 Erfe gen 4s'96.._. Erieref 68 ‘87 cameeee Erferef 58'715..c. Fed Lt & Trint 55°43 Fed Lt & Tr 58 ‘fl st Fla EC Ry $%s8’69__ Fla EC Ry 5374 FIaE C Ry 68'74 cfs. Fran Sug 738542 Gen Thea Eq Gen Th Eq 68’40 ofs. Goodrich 65’45 Goodrich 6% Goody'r T&R 6: Gotham Silk H 6s ‘fl Gr Tr'k of Can Gr Tr'k of Can GtNRref4%s'61 A Gt N Rgen 4%s'76 D GtNRgen4%s'17E GtNRgenbs'73C... GtNRS 52 B GtNRgenTs'36 A . Gulf Sta St15%s 43 Har Ry-P C 1st 48’64 Houst B&T 1st 55’37 42 11l Cent WL 1st 4 111 C St L & NO 58’51 111 Steel deb 4% [nland St1 €%8 78 Inland Stl 4%s'81 B Int R T 1st rf §a ‘66 - Unch. 20 Raile. 10 Indust. Unch. 98.9 98.9 98.4 88.1 99.1 92.2 10 Uneh. 913 97.3 97.1 846 975 845 88.9 81.7 81.7 81.7 835 10 Low-Yield Bonds. Previous day-. 109.7 - 106.9 - 1079 Today's close.. 100.9 High. Low. Clese. ' 1017% 55% 106% 104% 8 102% 112% 11 A 1147 1165, 11674 1244 104 883 103 102 . 106% | 2 105% | . 110% 104% 14y 99 8% 665 66 9614 95% 99 1% 105% 105% 108% 103% 104% 104 85% 84% 85 8 103% 103% 103% 9% 9T 9% 106% 106%% 106% 82 82 .. 108% 108 108 684 681 68% 945, 94% 9454 unv. mzv. mzy. sm sm 88'/. 105% 105% 105% 1084 108% 108% 1056 104% 104% 104% 104% 104% 89% 89 1011. Int T & T 6856 Inv Eq 68’48 BwWwW__. Kan CFS&Mrtis'36ct Kan C Sou 1st 38 '50_. Kan C Ter 1st 48 '60_. KanG & E 4% '80__. Kendall 5148 ‘48 ww. Keith 6846 - | Ky&Ind T 4%s’61_. Kings County Elev 4549 Kinney(G R)7%s°36 Lack Stl 1st 6 Laclede G & Laclede G 5%s '60 D LE& Wn 1st Lautaro Nitr 61 Leh C&N 4% Leh Val Coa Leh Val Coal bs Leh Val Coal 63 Leh Val Coal 88 '38__ Leh Val Har 58 64 Leh V Pa con 4s 2003 | L'V Pa con 4%s 2003 Leh V RR con 5s 2003 Lex & ERY 5 | Ligg & Myr 68 '51 Loew's 65 41 Long Isi ref 4s 49 Long Isl deb s '37 104% | Lorrillard 7s '44 87 102% 112% (L& Nunif 4s'40 [__. 111 |L&N4%s2003C 114% | L& NSt L 3s'80 1165 | L & N Atl K&C 43 '55 M'Cro'yS5%s'41 filed McKess & R 51950 Manhat R 4590 Manhat R 4890 ctfs. | Murion St Sh 6s 47 . | Market St Ry 940 A Mead Co 6345 - Midvale S&0 55 ‘36 .. MIIER&SL6s'61_. { Mil Nor con 41:x '34_ 96‘. | Minn & S L rf 4s '49 | MStP&SSM cn 4s '38. 101 | MStP&SSM 514549 1011 | MSUP&SSM b8 38 gt_ 881 | MStP&SSM 51878 851y | MStP&SSM rf 6s’46A Mo K & T 1st 4890 MoK &T5s'62A Mo K & T ad)j 52 '67.. Mo Pac4s'75. . ccanee 2 117y x 110% 112 444 10715 110% | Mo Pac 5s '78 G. 104' | Mo Pac bs ‘81 10%s| 1085 Mont Cent Mont Pwr 43 Mont Pwr 5362 A 5213 | Mor & Esx 3%43 2000 "&'u Mor & Eisx 41855 Muiray Body 638 42 Nashv C&St Nat Dairy 6% NatDisPC4 New Or GNR 5 llA NewOrPS6s'56 B . New Or Ter 1st 4s°'63 New Or T&M 435 56 New Or T&M 6364 B New Or T&M 5%s ‘54 N ¥ Cent 3%s'97 N Y Cent con 45’98 __ Y Centrf 452013 YCrf4%s2013n N Y Cent ref 5s 2013 NYCenteveés'ad NYCLSh3%s8'98 . NYC Mich C3%s'98 N N N Al NYC&StL 1st 68 '35 I N Y Dock 1st 4s 51 N Y Dock 5s 38 - N Y Edison 6s '44 B_. N Y Edison 58 '51 C N Y Edis ref 6%4s ‘41 N Y G E] H&P 4s 49. N YL&W 18t 48'73_. NYNH&H4s'55___ NY NH & H 45 '57 _ NW NH&H el tr 6540 1104 104% 141 Nor'n Pac gen 3s nu Nor'n Pac 4s '97 Nor'n St P 18158414 Ohto Pub Ser 744546 Ore WRR & N 48’61 Otis Steel 1oceen PacG & Eb6s'e2 Pac T&T ref 55 '52 Pac Tel 1st 5837 Par-F-La 6s'47 - Par-F-La 6547 filed. Par-Pub 61s ‘50 cfs_ Park-Lx 63%s '53 efs. Parmelee 63 "44 Penn Dixie C 63 '41... PennRR 8%s’41 B__ Penn R R con 4s'48 ._ Penn RR 4%s 81 D.. Penn R R 4%s '8¢ Penn RR con 4%8 lo Pere Mara 1 Phila B&W 45’43 Phila El Co 4 %867 thn«cnuna &16s'49 Phillips P.!I‘ S%s ‘40 Ao 89% 99.1 86.8 High. Low. Close. 71 70% 70% 4% T4 T4 103 3 103 35'% 35% T4 3% 107% 107% 103% 103% 103 103 9074 90% 94 94 102% 103% 107% 102% 103% 107% 00 100% 105% 106% 106% 106% BONDS ON NEW YORK STOCK EXCHANGE Hieh. Low. Clese. 51% 51% 51% 107% 107% 107% 887% 109 4% 6% 5% 315 109 96% 108 Sharon 8 H 5%s 48 Shell Plpe L 6852 Shell Un Ol 58 47 Sierra &SF P 68" Silesian Am 78 ‘41 Sinc Con O 78 '37 A_. Skelly Oll 6% 8739 So Bell T&T bs ‘41 8o Colo Pwr S0 Pac col 4849 So Pac ref 4s ‘55 102% 102% 109% 109% lm 1004 801 9% 97% 4% 4% 4% 4% Té% So Pac Ore 4% 86% So Pac S F Ter 4s 50. 105% 36! prin So Ry 6%8'56 Stand OIIN ¥ 4 Studebaker cv 65 45 Swift & Co3%s 5 ‘Tenn Cent 6s " Tenn C&C 63 'u. 4104 % 103% 101 1 Tex & Pac b8 17 B Tex & Pac 5879 C.... Tex & Pac6s’'80D __ Tex&Pac 18t 58 2000 Third Av ref 43 '60 - Third A ad In ex 58'60 ‘Toronto H&B 45 '46_. Truax T C6%s'43___ Un E) L&P 6s 67 Un Pac 18t 48 '47.. Un Pac 4568 __ Un Pac Lst rf 48 2008 Un Pac 4%s '67 Un Pac 1st rf 5s 2008 Unit Biscult s '50._. Unit Drug bs '63 U S Rubber 55 '47 Univ Pipe & R 65 '36. Utah L& T 6844 A Utah P&d. 5844 ___ 91% Utica E L&P 5850 __ 116% Util P& L 6359 ww. Ul P& L6%s 47 . Vanadium cv 5s 41 Ver Sug 1st 7s '42 efs Va E&P 1st rf 68’56 A 105 VaRy 4%s'62 B_ 1043 Va Ry 1st68'62 A___ 111} Va S W 1st §s 200 9T Wabash 1st 5s'39 5% Wabash 2d 55 9% Wabash 5 21 Walworth 6545 A 6214 Warner Broscv 6539 797y Warner-Quin 6s'39__ 263, Warren Br ev . 434 Westchester L 55 '50 12213 WPaP4s 61H _ _ W Sh 1st 4s 2361 gtd West'n Md 15t 4, West'n Md 5% West'n Pac 5546 A__ West'n Un 415 '50 West'n Un cl tr 55'38. West'n Un 58 '51. West'n Un 5 °60 West'n Un 63536 Wheel Steel 41,5 '63. Wheel St15%5 48 A_ White S M 65 '36 xw_ W Sp Stl con 7s '35 ct W Sp Stl 1st 7s '35 ct. Willmar S F 55 '40___ Wilson&Co 1st 65 '41 Youngtn S&T & Youngtn S&T 4 115 106% 106% | 943, 981y 25 1% 91% 911y 116% 53 817 91, 4 1051 104% 111% 1113% 104% 99 9% 1021 10215 100% 101 104 104 96 96 14% 144 15 15 105% 105 98!, 98 981 98k Earnings Reports By the Associated Press. NEW YORK, August 7.—Corporate earnings reports made public today included: Philadelphia & Reading “oal Iron Corp. and subsidiaries, for 12 months ended June 30, net losscs of $5,021,242, after charges, compared with a pet profit of $9,638, cqual to less than 1 cent a share of capital stock in the previous year. Ohio Oil Co. and subsidiaries, for 6 months ended June 30, net profit of $2,34,804, equal to 10 cents a com- mon share against $3,406,358 or 26 cents a share in the corresponding period of 1934. American Water Works & Electric Co,, Inc., and subsidiaries earned 87 cents a share on the common stock against $1.38 a common share in pre- ceding 12 months. Surplus after charges amounted to $2,713,400, com- pared with $3,607.140 last year. Sterling Products, Inc, and sub- 1 equal to $2.70 a share of $10 par value | stock, against $5,037011, or $2.87 a share, in the first half of 1934. Eastman Kodak Co. net income of June 15. This was equal to $3.05 a common share and compared with $6,- 745,676, or $2.91 a share in the cor- responding period of 1934. COURT ORDER TO SPUR REORGANIZATION PLAN By the Associated Press. CHICAGO, August 7.—The Chicago, Rock Island & Pacific Railway Co. yesterday was ordered by Federal Judge James H. Wilkerson to show causé by September 17 why it should not present a plan of reorgafiization to the Interstate Commerce Commis- sion. The rallroad has been under jurisdiction of the Federal Court since July 7, 1833, when it filed a voluntary reorganization petition under section 77 of the amended bankruptcy law. Judge Wilkerson suggested a plan of reorganization by November 1. U. S. SUPPLIES OF LEAD SHOW RISE IN MONTH By the Associated Press. NEW YORK, August 7.—Stocks of lead in the United States on July 1 amounted to 319,297 short tons, against 313,107 tons on June 1 and 311,039 tons on July 1, 1934, according to the American Bureau of Metal Statistics. INSURANCE STOCKS August 7 (P .—New York Security &Ff‘xn Auocnuo Aetna Cas (2 "‘z Aetna PFire (1.60) Aetna Life (.60) Mrlcultllr-l ) Newark Al Retosur (3% Am Sugety (1) Automobile (1) Balt Amer (.204 Boston (18] u“ 61% | Carolina_ ( 40% City of N Y 42% 9 102% 1om 102% 12 112 112 115% 116% 115 7% 4% T4% 30% 30% 30% - 50% 50% 50% . 108 105% 106 101% 101% 101% 98 98 98% 58 58 58 FEEF % Adjusted Figure Reaches ELECTRIC POWE INDEX ADVANCES Highest Mark Since February, 1930. By the Associated Press. NEW YORK, August 7-—The Asso- clated Press adjusted weekly index of electric power production attained the highest point last week since the second week of February, 1930. Advancing three-tenths of a per- centage point, the index reached 101.7 for the week ended August 3, com- pared with 101.4 for the previous week and 96.2 for the similar week of 1934. The index, based on 1029-30 as 100, is adjusted for seasonal and long- term trends. The range of recent years follows: 1935. - 1017 974 919 - 949 919 802| The Edison Electric Institute today| reported power output in the United | States for the week ended August 3 at 1,821,398,000 kilowatt hours, a de- crease of one-tenth of 1 per cent from the previous week. The fall was less than expected on a seasonal basis. From the corresponding week of last | year the increase last week was 9.9 per cent, the largest weekly raise 1934, 1933 1081 108Y% | & in the 12 months ended June 30,| | sidiaries, for six months ended June! _\30 reports net profit of $4,726,913, $7,048,951 for the 24 weeks ended | from year to year since the week | ended January 26, 1985, when the, advance from the 1934 week was 10.6 | | per cent. FINANCIA Exchange Offered Preferred Holders By the Associated Press. NEW YORK, August 7.—The M. A. Hanna Co., Cleveland, today offered holders of its outstanding 131,066 stock & plan providing for the ex- change of the stock for new $5 cumu- lative preferred stock. The stock will be exchanged on the basis of one and one-twentieth shares of new stock for each share of present stock together with a cash adjustment of dividends. When the plan becomes effective, unexchanged shares of the $7 pre- ferred stock will be called for redemp- tion at 105. The new $5 preferred stock has been registered under the securities act., PR COMMODITY PRICES NEW YORK. August 7._The Assoclated Press wholesale price index of 20 commedities today advanced to Previous day. 71 week Month ago, 70.2¢ Range of recent ves C L RSN Low._ 6014 5661 T7(1926 average equals 100.) Markets, mll’kell compiled steads. | 0 tons. cem! Jan: 2,03b: March, 2.04b;" May. 2.00b WOOL TOPS—Putures closed quiet, un- changed to 5 higher. Seotember, K3 February ER—Futures closed easy sales. No. 1. standard. 191 11:96b; December, 23: March. 12.38 I 12 64b, CRI Ul 20535 Tower :onln\:u lower. December. 10.52b; For the week ended July 27.the ad- | dition to electyic power production | | from the 1934 week was 8.3 per cent, | and four of the seven reporting major | ‘gu:geognphlcnl regions increased their m*! | rate of gain last week from the pre- | vious week over 1934. | Percentage increases were: New England, 84; Middle Atlantic, 7.5; Central industrial, 10.4; Wesg Central, | 11.7; Southern States, 11.7; Rocky| | Mountain, 33.3, and Pacific Coast, 4.8. BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE Augusw? — 8a) e High. Low. Clm‘r " Via lack & Deck pf 1lConsol Gas_ - f Gas 5 FREIGHT LOADINGS. NEW YORK. August 7 (. —Revenue | freight carloadings on railroads reporting | tocay for week ended August 3 inclugec: Week ~Previous Last ul eek. R Y | Burlington | Rock 2 | Norfoik & West Pennsylvania _ Central At 5Y5% and 6% —for First Mortgage Loans on P, C. esidence or small proper- ties”' Building loans con- sigersd. Charges reasonable. Wm. T. Ballard 1221 Eye St. N.W. MASSACHUSETTS {| INVESTORS' TRUST Prospectus Will be Sent on Request A. S. GouLpiN & Co., IN Woodward Blds. Natl. 2000 | roi Application Real Estate Mortgage and Guaranty | Corporation 1] 1610 K 5: N.W. Phome Nat. 1408 Unbiased ratin reco mendations of the Iargest Statis tical Company in U. 8, on LISTED or UNLISTED SECURITIES will be sent without obligation, on request. ROBERT C. JONES & CO. Shoreham Blds. MEt. 2022 ““Complete Investment Service” O Do You Save and Win Success! Through the Building and Loan Plan of Saving! IMPLY “saving” is practical enough, but not always suffi- ciently profitable. Save and in- vest at the same time . . . Through “The Fidelity.” ® That IS the way to save PROFITABLY . .. It is the way to get ahead more quickly, surely! ® We're helping thousands of far- sighted men and women along the path to success . . « Why not you, We Pay 5% —~Compounded Semi-Annually from the date of payment to the date of withdrawal ® No restrictions are imposed on the amount you may deposit, or | double extra special crack donhl: extra 81 per cent | Sales” 200.000 pounds Col ool steady Santos No ¢ ings,included Santos 60. ~Rio futures closed firm: 5.000. September. 4.7%; December March. 5.0:n._ Santos futures firm Septembe: K : March. n. SILK—Putures steady. 1'a2i; lower October, 1 44b ary. 1432, Open m day basis): Shaneh per cent seriplan Juiy RAW closed barely sales K60 bales. steam " fllature 14-16s. 1.30: Japanese seriplane 13 b—Bid. FIFTY TONS OF LEAD SOLD. NEW YORK. August 7 (#)—The St. Joseph Lead Co. reports that 50 tons of pig Jead from Southeast Mis- souri mines were sold yesterday at ‘the St. Louis nvernge price. NOTES—6% Secured by First Trust on D. C. Property WM. H. SAUNDERS CO. 1519 K N.W. Di. 1015 LOANS AT 5% u Illl —on ‘-n wn -‘cl-.:rlm-buul Tyler nd Rutherford, Inc. 1520 “K” St. N.W. Natl. 0475 ENTERPRISE BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security Monthly payments as low as $7.50 per $1,000 ByM. A.HannaCo. | shares of $7 cumulative preferred | L. GROWD OF BUYERS SETS NEW RECORD July Arrivals at New York Reflect Heavy Gains in Retail Trade. By the Associated Press. NEW YORK, August 7.—The New York Times said today that the num- | ber of out-of-town buyers arriving in New York during July set a record for that month, reflecting both the heavy gains in retail trade throughout ‘lhe country and the active start of | the Fall season in major wholesale markets. Last month, the paper says, a total of 4,181 arrivals of out-of-town mer- chants was reported. compared with a registration of 3,988 buyers in the same month last year and 3.591 in the same month in 1930. “Indications are,” the Times said, “that arrivals of retailers this month will go substantially ahead of those noted for July. The number of buy- - | paper continues, Canton | ers reported yesterday was the largest |for any single day since the Fall | wholesale season started.” “Current gains in retail trade.” the “have surpassed ex- { pectations and in well informed quar- ters the prediction has been made that the next few weeks will see a sharp increase in the volume of ad- vance orders. PUBLIC LIABILITY Property Damage. Fire. Theft and All Other Automobile Insurance WM. H. SAUNDERS CO. 1519 K N. Di. 1015 THE MARYLAND FUND s quoted in this newspaper dail: Prospectus 4y be secured from your investment Gesier Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities __218 Woodward Bidg _Dlstrict 8431 FIRST MORTGAGE NOTES AVAILABLE Secured on Homes Safety and Yield Combined SHANNON & LUCH)| 1505 H St. NW. NAtienal 2345 CONSTRUCTION LOANS and LOANS ON IMPROVED RESIDENTIAL PROP-. ERTY IN THE DIS. TRICT OF COLUMBIA AND NEARBY MARY. LAND. 5%% Prompt action B. F. SAUL CO. 925 15th St Natl. 2100 —OFFICES— SAUL BUILPING 925 15th ST. N.W. Ideal location. opposite McPher- son Square: elevator building. well kept and under constant super- M _______$36.00 SUITE OF 4 ROOMS . 90.00 923 15th ST. N.W. ELEVATOR SERVICE LARGE REAR ROOM _____$50.00 1621 CONN. AVE. N.W. 3 Iooms. suitable for professionsl purposes; eleva: RE! —STORES— 1621 CONN. AVE. NW. Ground floor _storeroom. heat furnished; approximately 800 square feel. Rent—$90 1616 K ST. N.W. Ground floor, heat furnished; approximately 1100 Souare feet. RENT- B. F. SAUL CO. National 2100 925 15th St. NW. First Mortcace Loans District of Columbia, Nearby Maryland and Virginia S5 Terms from % 3 to 15 years RA.\’DALL H. HAGNER & COMPANY ~r.e-renu MORTGAGE LOAN CORRESFrONDENT NeaYYork Life Insarance Company 1321 Connecticut Avenue N. W. Telephone: DEcatur 3600 | Equitable Co-Operative Bldg. Ass'n g ASSETS $6,492,976.24 : ORGANIZED 1879 55th YEAR COMPLETED Subscriptions for the 109th lssue of Stock Being Recaived Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? TEOSI.' desiring money to purchase s home, refinance present indebtedness or improve property should consult us Applications will réceive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to Repay Your Loan | 915 F St N.W. Nat. 1741 97% 94 106% 108 104% 104 106% 100% MK 97% 106 104% 106% . WHEELING, W. Va.,, August 7.— gfl‘: ‘The Wheeling Steel Corp. ordered four new hot mills into operation today and officials said thereby came closer to capacity operation than at any .ime since 1929. The four additional hot mills were started at the Creek plant and 300 men were added. It is the first tl.t.n:’pll.ncmruntunnme:mre ~Company officials said all Wheeling ltafiluumulnmuummwwu- withdraw. The Fidelity Building & Loan Association MAIN OFFICE, 610 13th ST. N.W. 881% 69% 67 a1y 88 IRT1st l’lf 8'66cts. Int RT6s'32 Int R T 68 '32 otfe_-_ IntRT 78 3 fInt R T 78 '32 ctts.... llllrhkt 81 eee. Int Cement 5848 ... Int Grt Nr B Int Grt Nr 68 Ipt Gt Nor 63’62 A. .. Int Gt Nor adj 6’624 int Hydro EI 4. Int Pap 1st 68 47 A.. Int Papref 6866 .. Int Rysof C A 6873 Yll! T&Tevide 'Il. 3 msn 103% 103 103 18 1osi 108% 108% 10814 104% 104% 10414 & A T&S Fead 45°95 st A T&S Fegn4s'95.. 110 109% 110 A T&S Fe 4%s 48 108% 108% 108% A T&S F RMt dv4r'6s 105 104% 106 Atlanta & Bir 4533 18 5% 21, | Pillsbury Flour Mills, Inc., common share earnings, year ended May 31, 61 " were $2.80, vs. $291, ¥ ! Tee !0'[% lfl’l% 103“ it & Nor s u._. 100