Evening Star Newspaper, August 20, 1935, Page 14

A—14 *%x FINANCIAL. W.R T.NETRISES SHARPLY IN JULY) Operating Total Reaches $3,342, Compared With $574 Year Ago. BY EDWARD C. STONE. ‘The Washington Rapid Transit Co., which operates the Sixteenth street bus line, reported a notable increase in net earnings in July, according to the monthly financial statement filed today with the Public Utilities Com- mission. It was the first of the July reports to be filed Operating revenues totaled $33,- 966.80, compared with $29.96146 a year ago in July, an increase of $4.005.34. At the same time operat- ing expenses were held down to £30.342.08, as against $29.386.63, a difference of $955.45, leaving net oper- | ' ating revenues of $3,624.72 in com-| g 2 THE EVENING STAR, WASHINGTON, D. C., TUESDAY, AUGUST_20, 1935. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By vrivate wire direct to The Star. Prev, 1636 Stockand Bales— Stock and Sales— Net. |digh Low. Dividend Rate. Add 00. e, Dividend Rate. Add 00. High. Low. Close. Chge, 28% Contl Insur (11.20). Ex 39 815 8n 85 % Contl Motors.<.. 15 3% 81 BI% + % 1544 Contl O Del(a37ie) 27 12% 124 12% 41% Corn Ex BK&TT (3). 2808 12% 12 62 Corn Prod Ref (3).. 16 4% Coty Inc ___. 25 357 Cream of Wh (t2)._. 12!3 Crosley Rad (a25c). 231 Crown C&S (1) . __. 6% Alleg pr ot (d) 313 Crown Zelleb'k vte.. 21 Allegheny Stl (1)_ 14 Crucible Steel 165 125 Allied Chem (6) . 3 1 CubaCo .. 7% 3! Allled Stores = 5'x Cuban-Am Sugar 73% 49 Allled Stores pt (5) 40'; Cuban-Am Sug pf.. 29% 12 Allis Chalmers 40 Cudahy Pkg (2%).. 3’ 213 Amal Leather._ 15 Curtis Publishing.. 70% 48!; Amerada Corp (2)_. 8913 Curtis Pub pt (7). 57% 4113 Am Ag Ch Del (2) __ 2 Curtiss Wright ___ 307 13'; Am Bank Note 64 Curtiss Wright (A) 3814 21 Am Brk Shoe (1)___ 61 Cushmans pf (8).... 1281 119 Am Brk Shoe pf (1) 16 Cutler Hammer. 146% 110 Am Can (14) 168 * 151% Am Can pf (7 10 AmCar & Foundry 25'3 Am Car & Fdry pf . 8 Am Chain 38 Am Chain pt FINANCIAL, STOCKS ERRATIC, UTILITIES IN LEAD Early Losses of 1 to More Than 2 Points Cut or Wiped Out. Prev. 1935 Btock and Low. Close. om migh, Low. Divigend Rate. 44 00, 108!3102 Loew's Inc pf (6%). 2 1% 1 LoftIne 4 41% 33 Loose-Wiles (2) 130 121% Loose-Wiles pf (7). 100s 25 181 Lorillard P (t1.20)_ ~ 17 1% % La Ol Ref (d) 22% 10% Louisv GEEpfA 47 34 Louis&Nash(a?3). 234 12 Ludlum Steel _ 120 904 Ludlum Stl of (6%) —_—— 46 40 McAndrews&F(12). 130 113 McAnd & F pf (6) 28 McCall Corp (2) 7% McCrory Stores 63 McCrory Strs B (d) 57% McCrory pf (d) - 714 McGraw Hill Pub__ 36% MclIntyre Porcu (2) 57 McKesson & Rob . - 32 McKesson & Rob pf 815 McLellan Store: 18% Mack Truek (1) _ 301; Macy (R H)& Co(2) 513 Mad'n Sq Garalse_. 18% Magma Copper (2)_ 2 515 515 Mahoning Coal .. . 22'; Am Comel Alcohol - 2612 Diamond Mtch t1%. 26% 13% Man El md gtd (4) - 6'> Am Crystal Sugar . 34% Diam Mat pf (1113) 15 10 Manhat Shirt (60c). s Am Cryst S pf (a3) s 117 3 “ 3 36 1 Maracaibo Oil Exp_ Am Crys S 1st pf 6. 6% Dominion Store: 813 514 Marine Midld (40c). * Am Encaustic (d) . 17'; Douglas Aircraft 3% Market St Ry prpf. e s Am & Foreign Pwr 13'2 Dresser Mfg A bl% ? 2% 2 1 Market St Ry 2d pf parison with only $574.83 in July, 1934, | 12 Am& For Pw $6 pt 6% Dresser Mfg B _ _ 20 Marlin-Rockwell(2) 8n increase of $3,049.89. 14 Am & For Pw $7 pf._ '¢ Duluth S S&Atl pf_. 6% Marshall Field & Co Non-operating income was prac- 3% Am & For Pw 2d pf_ 2 Dunhil Internati_ 23% Mathieson Alk(1%) tically unchanged from July a year S AmHIOS & est R ek oe. DunianSileped)s Bl Mayiag co o 17 Am Hide& L pf-_.. 114% 86% Du Pont de N(2.60). 33 Ma w (33%) ago. Deductions from gross called e 131 1267 Du Pont deb (§ TR m ) for $394.80 less than was needed in 4 e Maytag 1st pf (6)__ Prev. 1035 Stock and Bales— High. Low. Close. cll' High. Low. Dividend Rate. _Add 00. High. 1047 10474 1047 — 4 | 208 8 Schulte Re Strspf. 140s 15y 55 Scott Paper (1.80).. 20s 70 '4 Seaboard Alr L (d). 4 Y% % Seaboard A L pf(d) 4 20% Seab'd O Del (160c) 1 31 Sears Roeb’k(a75c) 1% Second Nat'l Invest. 40 Sec Nat Inv nf $2% % Servel Inc -- 9 Sharon Steel Hoop . 44 Sharp & D pf (3%) 7% Shattuck (F G)(25¢) 5'3 Shell Union Ofl.___ 63! Shell Union Oil pf__ 8% Silver King C(40¢). 6 Simmons Co 5 Simms Pet (a50c)_- 613 Skelly Oil 13 Sloss-Sheffield . 24 Sloss-ShefMeld pf. 15% Snider Packing . - 11 Secony-Vac (30c) _ 20 Sou Porto R Sug(2) 10% South Cal Ed (1%). 124 Southern Pacific 5's Southern Rallway_ 7 Southern Rwy pf Spalding (A G)____ Spalding (AG)1st pf Spang Chalf pf (32) Sparks-Withington Spear & Co Spencer Kell (1.60) 4 Sperry vie (a picer Mig Spicer Mfg pf (3) _ Spiegel-May-Stern Stand Brands (1) _ Stand Brands pf(7) Stand Com Tobacco Stand Gar & Elec . Stand G & K $4 pf__ Stand G & E $6 pf__ Stand G & k $7 pf__ Stand Inv Gorp____ tand Oil ot Cal (1) * Stand Oil of Ind (1) Stand Ol N J (11) « Sterling Prod (3.80) Sterling Secur (A)- terling Secur pf Sterling Secur cv pf Stewart-Warner___ tone & Webster tudebaker Corp Sun Oil (11) Sun Oil pf (6) Superheater (50c) 1 Superior Ol __ 2 Superior Steel ____ 10 weets Co of Am 1 Wit & Co (13ve) 15 Prev. 1934 High. Low. Low. Close. cnu 15% 15% + 4% 691 — 1y 415 Advance Rumley __ 6% Affiliated Pro (60c). 15' Alaska Jun (160c) * Alleg Corp (d) 2% Alleg pf w$30w (d). 24% 24% 24% % % A 21% 204 21% 43 43 43 23 20% 23 118 118 118 43% 43%, 129 129 331, 1% a 20t 2% Ry 19% 3015 324 1% 413 25% + W 1% — % 6% T4 424 4l =% 19t 4 1041 — ™ 2% - e 129 34 STOCK AVERAGES 30 15 A0 Tndus. Ralls. Ot 8tks Net change. Unc. +.1 Unec. Unc Today, close. 64.2 257 38.0 43.0 Prev. day... 642 25.6 380 439 Month ago. 63.7 248 323 46.1 Year ago... 498 257 28.1 384 1935 high__. 654 276 39.3 49.1 1935 low 495 185 216 348 1934 high 614 430 406 514 1934 low 453 223 242 349 1932 low. 175 87 239 169 1929 high.__146.9 1539 1843 157.7 1927 low.... 516 953 618 61.3 + % T h 19 Deere&Co pf ($75¢). 2313 Delaware & Hudson 11 Del Lack & West__. 1'; Den& RG Wpr __. 659 91 4% (Compiled by the Associated Press) BY VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, August 20.—The stock | marked dipped and rallied spasmodi- cally today, with the utilities in the forefront of both movements. Early losses of 1 to more than 4 points were reduced or canceled in late dealinps. The aircrafts. coppers and scattered specialties were gen- !erally firm. The close was irregia“ | Transfers approximated 2,000,000 shares Brokers said short covering and buving by sold-out bulls heiped to stiffen the list in the afternoon. Also Wall Street seemed to feel a little better about a possible House-Senate compromise on the utility holding companies bill. Traders were still nervous, however, over Washington developments The extension of yesterdav's drop in equities brought a rush of selling orders at the opening. with blocks of several thousand shares changing hands. The ticker tape dropped be- hind floor transactions at one time A break of more than 4 points in American Telephone was unsettling although this decline was halved be- fore the finish. Shares that managed to emerge with gains of fractions to around a point or so included Douglas Aircraft United Aircraft, Phelps-Dodge. Ana- conda. Kennecott, Auburn, Columbia Gas. North American, American Water Works and Bethlehem Among losers of as much, aside from the major telephone issue, were Public Service of New Jersey, Consol dated Gas. Union Pacific. Santa Fe | and Chrysler. Such stocks as United States Steel. General Motors. West- inghouse, United Corp. and New York !s| Central were about unchanged. 20s 19% 1208 119 19 2% 9'y 4% orp Texas Gulf Sul (2)_ Tex Pac Coal & Oil Tex P’ac Land Trus exas & Pac B R hatcher M (asue) The Fair pf (31 Thermoid Co Third Nat In (a%5¢) ‘Thompson Products Thompson Starrett. 35! Tide Wat A O pf(6) TimKen-Detroit ___ N Y Dock pt N Y Investors (d) X Y N H & Hartford ¥ Y N H & Hartf of N ¥ Ontario & West N Y Shipbuilding Y Shiphldz pf(7) Y Steam pf (6) \ Y Steam 1st (7). 208 Noranda Mines (2)_ 3 Norfolk & W (18) _ 1 Xorf & West pf (4). 40s North Am Aviation 19 L vorth Am Co (1) 267 35's North Am Co pf (3) 2 57 North Am Ed pf (6) 2 13 Northern Pacific 118 York Cotton 26'z 18 6313 6% 440y 131 133 9015 108 20s 108 lli By the Assoclated Press. 617y NEW YORK, August 20.—Contin- ued uncertainties of the crop loan situation were reflected by nervous and rather irregular fluctuations in cotton today. | An opening decline was followed by partial rallies on trade buying and covering. After selling off to 11.10 under early liquidation, Decem- ber rallied to 11.14. The market rallied partially in the late trading on covering and trade buying. 815 29 | 12% 104 October December _ January March Mav 11.1% 11.00 1100 == 14 Pac-Amer Fisheries 1 PacificCoast ___. 1 Pacific Coast2d __ 13 PacifieG& E (1%). 3% 19 Pacific Ltz (2.40) .. 24 12 Pacific Mills 1 70 Pacific Tel & Tel (6) 300s 111'; Pacific T & T pf (6) 120s 67 Pac Wn Oil (b40e) .. 3'3 Packard Motors ___ 63 Panhandle P&R pf .. 2 Par-Publie cod (d). 11 Park & Tilford .. 2% Park Utah 19 208 20s +1114h1 Julv Spot _a 2| closed very steady I Galy Cottonseed Oil. Bleachable cottonseed oil futures | closed irregular. September, 10.23; Oc- tober, 10.16-17; December, 10.01; Jan- | uary, 10.02-03; March, 10.06b. Sales 169 contracts including 12 switches. b—Bid. B s Rubber 1st pf__ F 5 | Smeit & R (a6) Sm& R pf (332) U S Steel__ U S Steel pf (2) U € Tobaeco (13) United Stores (A) United Stores pf Univ Leaf Tob (12) Univ Pic st pfd ... 108 Univ Pipe & Rad ___ 2 *, Parmelee Trans 913 Univ Pipe & Rad pf. laf\' '3 Pathe Exchang: 1 UUlPw&Lt(A) 59 8 Pathe Exch (A). _— R1{ Patino Mines o 11'« Vanadium Corp . 146 641, Penick & Ford (3)_. 11'¢ Van Raalte (a2se).. 3 23y 571 Pennev J C (2) 91 Van Ral1stpf (7).. 90s 106 Penn Coal & Coke 2's Va-Car Chemieal. . 1 34 2 Penn Dixie Cement_ 3 Va-Car Chem 6% pt 9 21% 17% Penn RR (1) 23 Va E1 & Pw pf (6)__ 20s 102 30 Peoples DS (1) _ 312 Vulcan Detin (aé) __ 508 5073 110%; Peoples DS pf(614) 17% Peoples Gas Chi_ 91 Pere Marquette 13 Pere Marquette pf. 163 Pere Marq pr pf. » 20 FHLLI 4+ 4+ +4 Liverpool Quotations. IVERPOOL. August 20 (#.—Colton. 5.000 bales. including 200 American. Spo! small business done: prices 3 points higher aquotations_in pence, American strict good middling. 7.10: good middling, 6.80: sirict i atrict low 5 183 | | 108 508 s | Putures closed steady cember. 5 R5 May, Jul. e A 2314 E 105 4 104 125% 108 9 Wabash (d) .. 1% Wabash pf A (d) ___ 4's Waldorf Sys {(b20c) 261« Walgreen Co (1.49). 7% Petrol Corp 2 9 4 1'¢ Walworth Co.__ .. 12% Phelps Dodge(a2se) & 9 5 Ward Baking (A)__. 23 Phila Co 6% pf (3). 2 1% Ward Baking (B)__ 3813 Phila Co pf (6) new. 282 Ward Baking pf (2) 1% Phila & Read C&1__. 2l Warner Bros Pic. _ 35% Philip Morris (1) _. 14!s Warner Bros Pic pf 133 Phillins Petrol (1)_ ) Warner-Quinlan__.. 3 Phoenix Hosiery _ 50 Phoenix Hpt (315)_ 2% Plerce Ofl pt 'RESERVE BOARD ISSUES CONDITION STATEMENT By the Associated Press. The Federal Reserve Board's condi- tion statement of weekly, reporting | member banks in 91 leading cities gave the following summary ef the principal assets and liabilities on Au- | gust 14, together with changes for T 3| the week and for the same week last year, in millions of dollars: Aue. 15, Aug. 7. 1034 — 14 4 745 2 — 315 11 103 - 1208 21 R 1 & 55 Fecird 421 1 4% 22% 16% 54 13% 3013 Californta Pklll‘n) 1, Callahan Zine 213 Calumet & Hecla 71 Campbell-Wy at0e_ /% Can Dry G A (40e) - 50 Canada Southn (3)- 93, Canadian Pacific 30 Cannon Mills (2) __. 43; Capital Admin (A)_ 3212 Cap Adm pf A (3) 45% Case (J I) Co 361 Caterpillar Tr ('l). 1913 Celanese Corp ... 174 Celotex Co (d) .. 221 Cent Aguire (1%) .. 34 Central RROfNJ. 6% Century Rib Mills 38% Cerro de Pasco (4). 3% Certain-teed Prod .. 23 Jertain-teed Prpf_. 4% Checker Cab Mfg__. 37% Ches & Ohio (2.80) . 36 Chesapeake Corp(3) % Chi & Grt West (d). 15% Chi Mail Order (t1) s Chi M1l StP&P (d)_ % Chi M StP&P of 1d) 1% Chi & N W «d) 3% Chi& NWpfd) . 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf 1% Chi R 1&P 6% pfid) 1% Chi R 1&P 1% pf(d) 25'3 Chickasha C O (2) .. 313 Childs Co = 9 Chile Copper 31 Chrysler Corp 1) 16 City ice & Fuel (2)_ 87 City lce&F pf(8%) 12% Clark Equip (80c) . 20 Cluett Peabody (1). 15% Colgate-P-P (50¢) .. 101 Colgate-P-P pf (6). 9 Collins & Alkman 101'3 69% Collins & Atk of (7) 513 13 Colo Fuel & Ir (4) 28'; 5 ColoF & | pf «d) 14 3% Col Gas & Elec 71 31 Col G & E pf (3) 34 Colum Pie vte (1) 67 Colum Carbon (4).. 5’9‘- 39'% Comel Credit ¢2) _. 119% 112 Comel Cred pf(534) 56% Comcl Inv Tr(12.80) 97% Comel In T pf(4%)- 17% Comel Solv (160¢) .. % Comw & Southern._. 29% Comw & Sou pf (3). 27 Congoleum-N(1.60) 23% Conn Ry&Lt (4%). 7 Consol Cigar o 71 ConCprof ww 6%. 3% Consol Film 14% Cons Film pf($1%). 20% Warren Fdy&P (2). Sx Pierce Petroleum _ 1 4 Webster Eisenlohr Pillsbury F1 (1.60)_ 1 Wells Fargo 30's Wesson O&S (t50¢c) 72 Wesson O&S pf (4). West Pa Elec (7)A 5 36 West Pa Elec pf (6) 1508 85 397 West Pa Elec pf (7) 1308 120 10412 West Pa Pwr pf (1) 512 Western Maryland 1's Western Pacific (d). 2% Western Pac pf (d) 20% Western Union __ 18 West'gh'se A B 50c. 32% Westinghse El a50¢ 10 Weston Elec Inst __. 29 Weston Elec (2) A__ 16% Westvaco Chi *40c) 25 Wheel & Lake E pf_ 144 Wheeling Steel . _ 46% Wheeling Stl pf(31) 23 49— % 1% 43 8 > & 31 51 Pitts Screw & Bolt. 2215 Pitts Steel pf : 114 Pitts United Corp_ 24'; Pitts United C pf Pitts & W Va _ 613 Plymouth Ofl - 15 Porto R Am Tob(A) 4% Postal Tel&C of (4) 25 31x % Pressed Stl Car (d) 1 53% 423 Proc & Gambl (134) 10 120“ 115 Proc & Gam pf (5)_. 120s 20% PubSve NJ (240)_ 67 625 PubSve NJ pf (5)_. 2 73 PubSve N J pf (6)_ 34 Pullman Ine (3)____ 57 Pure Oil 49% Pure Oi1 8% pf 8% Purity Bakeries (1) + 1y = 608 28 3 8 Aug. 14, 18.477 &8s 49 3 54 17w 1% 4% 16% Loans and invest ments—total oy % = -1 T =14 86 41 119% + 4% 81z To_brokers and 2 In New York + —_ R -— 410 T 513 281 54'& + % 5% e a7 -1 268 65 + % 45% + W [ other ioasis - 43 -2 = G overn- ment direct ob- ligation: Oblisations - fuily guarantted by Government _ Other securities | Reserve with R. banks 34 % | cash in vault s [K demand de- posi Time deposits Government 7% 4 Radio Corporation 6212 50 RadioC'ppf A (3%) 65% 35'% Radio Corp of B 3 1% Radio-Keith-Or (d) 21 16l; Raybestos-Man (1). 4314 297 Reading (2) 37% 33 Reading 2d pf (2)_ 11 3% Real Silk Hosiery__ 6315 204 Real Silk Hose pf__ 11% 7 Remington-Rand... 41 2% Reo Motor Car 1913 9 Republic Steel ____ 723 28% Republic Steel pf _. 713 28 Republic Stl pf cod. 2414 17! Reynolds Metals (1} 1083 101 Reynolds M pf (515" 237% 1214 Reynolds Sp (t40c) 55 43% Reymolds Tob B (3) 30% 217 Roan Antelope Ltd 46 36% Safeway Stores (3) 113 104% Safeway Strs pf (6) 21% 10% St Joseph Ld (40c). 2 % 8t L-San Fran (d).. 2% 1 StL-SanFrpf (d). 11'a 6 Savage Arms . 34% 22 Schenley Distillers. 4 1% Schulte Retail Strs. 2% - % LEAD PRICE BOOSTED |INLAND STEEL FIXES AS DEMAND INCREASES| DATE FOR MERGER VOTE NEW YORK, August 20.—St. Jo-| NEW YORK, August 20 ().—Inland 1 Wilcox Oil & Gas _. » 37 Wilson & Co taZic) % 58 Wilson & Co pf (6). 9 %l 51 Woolworth (2.40) _ 113% Worthington Pump. de- EREE %] 8 4 - ~ 6 banks + 5 Borro‘mn from R. banks o= ncludu loans on real estate and other 53 joa Tficiudes other securtties INSURANCE STQCKS NEW Yonlx A::un‘ "r: (). —New York sociat Security Dealers .m. Al“x;" Aetna Cas (2138) Aetna Fire (1.60) Aetna Life (.60) - Agricultural (3) _ Am Ins Newark (12) . Am Reinsur (2%2) Am Surety (1) Automobile (1) _. 0w 25 17% Yale & Towne (60¢) 4% 2% Yellow Truck = 604 31' Yellow Truck pf 35% 18 Young Sp& W (11). -25% 13 YoungstownS&T- ——— 4% 1% Zenith Radio 4% 2% Zonite Products Approximate Sales of Stocks on the N. Y. Stock Exchange. | % 11:00 A.M. . 510,000 12:00 Noon... 930,000 1:00 P.M. - 1,128,000 0 P.M. 1,580,000 Total sales for the dly 1930000 Dividend rates as given in the avove tavle are the annual % t!lll nuu:nu bl'ld on the Iatest quarterly or bhalf-yearly declarai tions. Unit of trading less than 100 shares. ¢+ Annual rate— éxt ted dividends. ‘s Paid this vesr. b Paid les_ feported o' recetvershin or being T+110 2 sees ++ 1+ 11 9% 1053 42 28 131 +++ FEF RI Cliy of N Y (1 Uonn Den l-llo 80" Dep ¢ 32% 3% 32% CHEVROLET SALES SOAR HIGHEST SINCE 1929 NEW YORK, August 20 (#).—Retail | Homestead (1) 8% Lee Rub&Tire (50¢c) Lincoln Fire _ 13'2 Am Metal % 16% katon Mfg (1) Miami Copper $3.440.31. The turnabout in earn- 66 Am Safety Raz (5)- 213 Elec Pw & Lt $6 pf_ MolKaris & Tax filed, showing total operating revenues Am Stl Fdry pf (2). 4'2 Equip Office Bld, Montgomery Ward. 8g0; or an increase of $18,040.08. T4% Am Tobacco B (5) . Murray mary of the latest barometers. 2 Am Woolen pf s Fed Water Sve (A)- Nat Cash Ry A (50 increase of 4.713.043, or 11.28 per cent. | o 16'4 Anaconda Wire T2 9% Foster-Wheeler Nat Dicitliors (2) Government fiscal year. While that 55!z Arm'r(I1l)pr pf (6) . Nat Supply Co pf . ch To&S Fe (a2)_ 1213 7% Gen Baking (60c). : - T s 7 One of the best monthly gains of Newport Industries win City RT pf__. | 4es i 113 106% Atlas Pwr of (6 Gen Cigar (1 Un Pacific (6) previous month this year, was noted.! 33 ok ML 6%) United Carbon 2.40_ for the seven months. 3612 Bang & Aroos (213) 2 15° Gen Ry Signal (1) United Elec Coal this year. The pick-up in daily calls | 1415 Beatrice Cre (a50c) 70'; Gillett Saf K pf (5)- 31; Omnibus Corp U S & For'n Secur The trend of business in Washing- Bethlehem Steel 7 ,(,nodncn (BF) U S Pipe & F (50¢)_ 2 ‘. The Financial Chronicle r':porf.s“ Bohn Alum &Br (3) 1's Graham-Paige _ only 10 per cent for the other cities Briggs Mfg (2) 9'¢ Grt North Ore (50¢) 4« Bucyrus Erfe 12 Gulf Stat reported a considerably higher per-| 4 Bullard Co 24% 16 Harbison Walk (1) in Chicago they were 15 per cent 11% Byers (A M) 11 6% Holland & Son (50c) enjoyed higher occupancy and 50 per 2% Hudson & Manhat__ positors in the closed banks in Wash- 2313 Indus Rayon (1.68). possible. 4% Interlake Iron__ values some of the banks here may be 4% 1% Int Hydro Elec (A). 110% ceiverships there are heavy expenses 12% 4! Int Paper & Pwpf.. 18 75% 6013 Int Sil 20s Exchange today when four 10-share - . 67 49 Jewel Tea (3) and Security Storage Co. stock came i 15% Kayser (J)&Co a90c. certificates of. efficiency to Charlton 84 Kendall Co pf (16).. Hemphill, Noyes & Co. announce 22% Lambert Co (3) the General Electric Co. 114 Lehigh Valley Coal. 4'3 Am International 115 10: July. 1934, leaving & net. income for e e 28 L0 bivieesLiR), el e Shnel (). July of $1,832.46, against a deficit a 18'; Am Mch & Fy (80c) 8 3% Eastern Roll Mill: Mengel Co pf. year ago of $1,607.85, or an improve- 44 Am Mch & Metals 152 110'; Eastman Kod (15).. Mesta Mach (1%) ment in the month under review of 2 peomsensbisscy = 2 ngton-Se Mid-Cont Pet(al5c) 5 v 81 Am Pw & Lt $5 pt __ Electric Auto Lit i ings was largely due to a pmk-un_ in | 10's Am Pw & Lt $6 pf__ » Electric Boat _ g;‘l::"‘d";v?l’:f‘;"xoldl passenger traffic. bus travel having| 10'; Am Radiator ' 5% klec & Mus Ind_ Minn Moline P increased the same as street car rid- 15% Am Rolling Mills _ 1's Elec Pw & Lt __ sl c::n = ing has. B & The seven-month report was also 4'3 Am Seating vie __ 7 3 Klec Pw & Lt$7pf_ 110 Mo Kavi® Tax ot 20 Am Shipbldg (2) ___ klec Stor Bat (24). 4 Mo Pacific (d) g AT e e 31 Am Smelt & Ref 52t Endicott-John (3)_. o i 3 AmS&R 6% pf 113 1t » = crease in expenses and taxes of $10,- ., Dt H13% s Hnginescs Bub Bve_ Mohawk C M (a25e) Base Apena s | 12 Am Steel Foundry 14'; Eng P S $5.50 pf ww MoisantoChemitiz) 60275, leaving an operating income £R 2 of $15360.35 and a net income of 3313 Am Stores (12) . __ Erife R R $27.071.49, against $9.03141 a year 51% Am Sugar (2) irie R R 15t p! :::l‘::;’t‘:::rl-l”‘ 1815 Am Sumat Tob (1) reka Vac C (80¢c). Motor Wheel (80c)_ s s 9874 Am Tel & Tel (9) Evans Prod (a1)._ il = = “h"‘"; ere Sti RRmE 723 Am Tobacco (5) - Exchange Buffet_ Mullins Mfg 'or the first seven months ol e - - present year business in Wa:hmzlrn 2 Am Type Fdrs (d).. e " 4 Fairbanks Co pf continued the marked gains scored in | 9 AmTypeFpf (d)__ B 17 Fairbanks Morse _. Nash Motors (1) Pprevious months, according to a sum- Am Water Works _ 71y Fairbanks M pf :3% Nat Acme Co. Am Wat W 1st (6)_ 5% Fed LU & T Nt At Ellowalt it s e by the s Am Woolen _ 3% Fed Motor T (a10c). NacBle e (e Potomac Electric Power Co. in July Am Writ Pa i 1y Fed' ] E 3 " pd) 16'y Fed'd D Strs (160c). N, o ; : totaled 46.506.098. compared Wwith 44.- « Am Writ Pap pt (d) 13 KFid Ph K In (11.20). 3 \i: R‘.::\y ::Ali"l:) 305 108% 108 2 T 854917 in the previous month this 3 AmZinc & Lead _ 13's Firestone (40¢) _ p Nat Dairy P pfB(7) 1108 * . year and 41.798.055 in July, 1934, an R 31 Am Zinc & Lead pf_ « First Nat Strs (212 Rat Depusioresiiay 1 I 8 Anaconda Copper Follansbes Brosd). Nat Dept Stes p(d) 20 The report was the best of any month | . 3 12'3 Anchor Cap (60¢) . 604, Foster-Wheeler pf “ £0 far this year except January. 816 AndeaiDoppenti 195 Fonr NatTewario MatIuESell) Postal receipts scored another nota- | 36 Archer Dan M (1) x 8% Fox Film (A) Rt s ble ndmnr;ulfivh sqaa,Mh. as nlw total 1.»: 7 Armour Del pf (1) Freeport-Texas (1). BrRwALc o) for July, the first month in the new | ! « Armour of Illinois Fuller Co pr pt Nat Su : pply Co was a seasonal drop from June of this | 152 Armstrong Cork 30¢ _"x Gabriel Co (A) Nat Tea (60¢) Year. it compared favorabiy with the | Ao Conatable L Gamewelito Natomas Co (80c) . nsue&Williams. ket 5 T's As 515 : i % st jower figure of $424.733 in July, 1934 45 AseDa st i 3 Gean TRy Neisner Bros (11) i-Contl Corp It was also much better than the total 293 0 Oil (a80¢) . 20% 11% Gen Asphalt ,:-“ berrv 4 J(160) 4's Truax-Tra Coal receipts in July, 1933, 1932 and 1931. | s A New Ori T&M (d) & 3 s e 66% Atch To&S F pf(5). | 146 115 " Gen Baking pt (8) R Fee the year is revealed in bank clearings, | 19'; Atlantic Coast Line 5 5% Gen Bronze enteal B T DAk an advance of $19.333.065 being re- | ,_-"‘ Atl Gulf&W Ind . s 7 5 2 GenCable. Union Bag&Pap ported by the Washington Clearing ! o g s 2 33 Sencetlaich) Un Carb & C (1.60)_ House over the total for July. 1934. A aeaer T otaCanle pf Un Oil of Cal (1) A seasonal drop. compared with the % 4 Atlas Tack 1; Gen Cigar pf ( e 36% 15 Auburn Auto '2 Gen Electric (6ic) Drittod Aloceatt Retail trade backs up the other | 512 Austin Nichols = Gen Foods (1.80). United Air Line vte barometers in business advances. De- 5'3 Austin Npf A (2) _ 20s ‘e GenGas & El (A) . United Bisc (1.60)_ partment store sales were practically 2% Aviation Corp(Del) GenG&ET% pf A . United Bisc pf (1) i 27 per cent ahcad of 1934 in July and - . = - Jead last year's mark by a good margin 113 Eslawin Loco () 17 en Motors (12) United Corp i 7/: Baldwin Loco pf (d) 2 3 2 Gen Motors pf (5) United Corp pt (3)_ : . it 713 Baltimore & Ohfo _ 191 o H Gen Outdoor Adv __ United Drug 5 Telephcne service fifiuu‘; bfil“ ays | 9'x Baltimore & Oh pf 16 17 Gen Print Ink(1.60) Dirted Dyowooi:. Ve y I e : 4 1 1, - f:-e;d;.: PrPTt;‘}er:lei}'“Dl:“;:nO oru;lzr.\g:; i :100% Bamberger pf (61%) 1008 1's Gen Public Service United Dyew pf (7) telephones in service in Washington | 31 Barker Brothers 4 tealty & Util _ United Fruit (3) between the end of July last vear and Barker Brothers pf_ 10s 14% Gen Real & U pf ww United Gas Imp (1) kd(a_il Cnrr't‘ 20 16% Gen Refractories _ United Gas I pf (5). was even more notable, the average 2 Ui tisar Cit) 14 Gen St Casting pf... 91, Ohio Of1 (a15e) U S Distributing daily originating calls in July this year | 113 ljar Bayuk Clstpt (7). 108 12 Gillett Saf Rax (1)~ 16% Oliv Farm Eq(new) U S Distributing pf standing at 738.825, or a daily in-| 72 Beech-Nut P (13) Gimbel Bros se 2 3 - % O lins_ U S Freight (1 crease of 92,553 calls. ¢ 11'« Belding-Hem(as0c) Glidden Co (1) ._ . 1:. o{‘.‘i“{‘-{'.'\’:“uf,fl'é‘:) 9 A ‘ 3 013 1 h:e;:\um“vjh 2 Hotel Business Stepping Up. 117 Rendix Aviation 104°x Glidden Co pr pf (7) 4, Otis Steel b 2 U S Ind Alcohol (2). | genef‘![cgn Lo (1%)- 1'-Gnhel (Adolf) (d) 80 Owens-T11 Glass(4). U S Leather vie __ % ton hotels in July. 1935, compared | S Co ) Sold Dust (1.20) US Leather A vtc ta with the same month last 3 s Reth Steel pf(al%) 40 Goodrich (B F) pf.. U S Realty & Imp__ wa in of 30 per cent fr ;m mg‘:\ Bizelow-San Corp db% Goody S Rubber as a gain o T i Blaw-Knox 70 Goody JS revenues and 23 from restaurant tood. | Bloomingdale (40c) 273 Gotham Silk Hose Boeinz Airplane 20 Gotham Silk Hpf__. X that the advance of 27 per cent in Eobn Alim &BCAI) 550 1is CreRamcRAlEe Vi r -- 120s 5l Granby Cons ':‘ag ba‘“:“_“’ss ”’"““’fd “‘t,“r"lmtm‘r. Bon Ami (B) (12) . 160s 21, Grand Union fA:ge mfé:agc'rg: ;‘0 :er ‘:e;’tflnd&me- Borden Co (1.60) 25 14, Grand Un pf (1%)-. s | Borg Warner (1%) 26 Grant (W T) (11)__ ‘ in room income here compares with | Bridgep’t Brass 40¢ 9% Grt Northern pf in the review. | 36'2 30% Bristol-Myers (12)_ 26° Grt West Sug (2.40) A group of citles in California re- | 2 Bklyn-Man Tr (3) _ 3 20’3 Greyhound Corp - in Washington on account of the San | Bklyn Ugton Gas(5) 6 Gulf Mobile & N pf_ Diego Exposition. Washington hotels Bucyrus Eriecv pf_ centage of occupancy than in July Ruv:’ruscfi«rie’vf @) 4 3:‘ l;lia'f:‘v‘v"gf?‘l“,%’- 2s v D Budd(EG)Mfz 5 a rinting last year. They also reported a 2 sy 3 96~ 63 Hamiltoh Watchoe per cent increase in rates. | s BudaiWEeal 108 101 Hanna (M A)pf(7)_ In New York hotel rates were exactly the same as a year ago, while Rulova Watch 109 81 HatCo pfww (6%) Burns Bro B (d) L% s Hayestaly S lower. Eight leading cities reported Burns Bro pf (d) T2 85 azel At (5).. en aggregate advance in rates of 1 per 314 Burr Add Mch(60¢) 1fs 12?l gc:rules;’w of (7). cent. Almost 80 per cent of the| 11x Butte Copper&Zine Als O Holland Btnace.- - Nation's hotels reported increases in | 42 307 Houd-Hersh (2%) A total sales over a year ago, 75 per cent | 18% 6! Houdaille-Hersh B 173% 9'x Houston Oil. cent had higher rates. 115 Houston Ol (new)_ Market Rise Aids Depositors. 43 Howe Sound (3)._. The rise in the New York stock | A e of.. market, which covers a period of about st: Hudson Motor Ca five months, is proving a help to de- % Hupp Motors ington and eclsewhere. The gains in 913 Illinois Central.___ bond prices and in stock values has | au mICeut (e L es(e) placed many pank assets in a good 602 Ingersoll-Rand (2). deal better position and will eventually 46% Inland Steel (2) make larger payments to depositors 214 Inspiration Copper.. 84 interboro R T (d) ‘There are, of course, no figures on 1!2 Intercont] Rubber. he n t{ amount ot‘the increases in asset 51 %% ot Aricuitaalll values. But every point in a stock 7 eyt 18474 149% Int Bus Mach (16) . or bond helps the situation. Unless T4 3% Int Cai Ltd (20¢) there is a general setback in financial 33 22% Int Cement (1) 54 34w Intl Harvester(80c) 100 able to pay off 100 per cent, or nearly that amount. 3'a 1% Int Merch Marine 52% Closed bank officials, however, cau- oo ST NI (Cen) (Sl Ty Ha tion depositors against building their A g iy b s W hopes up too high. In all bank re- 1'% % Iut Paper & Pw (C). 8 1 to be taken care of. Payments of 100 28% 21% Int Print Ink (1) 2 per cent are rare. 1065 98'z Int Print Ink pf (6). 30s Capital Transit Stronger. 18% 9% It Ry CA pf 08 Capital Transit stock showed more | Pt L : strength on the Washington Stock ot 12% 5% Int Tel & Tel 288 lots changed hands at 16!';. The 16'2 87 Intersttae Dep Strs. 18 market closed with 16 bid and 17 90 70'; Int Dept Strs pf (7). asked. 1312 6l Intertype (a20c) Washington Railway & Electric ap- 120% 110 Island Creek pf () . peared on the board today at 106 65% 381 Johns-Manv (a50c) out on two sales at 100. Bid and 76% 50 Jones&Laugh?%opf T ed prices on other issues closed ————— ;Arl‘(nd 5 81, 3% Kans City Southn _* The American College of Life Un- f;:; :\u:: gllr:"spousl(n'gct). derwriters, Philadelphia, has awarded % Kelly-Spring T 1d) M. Gaines and John M. Rick of the 6 Kelly-S T 6% pftd). Acacia Mutual Life Insurance Co. of g“ fie y-g:ycl na;.. this city. Several other members of elsey-Hayes (B).. the staff hold diplomas and certifi- 12 Kelvinator (150¢) .- cates from the same institution. 13% Kennecott C (60¢) - 23 Kinney (G R) Co pf. that John W. Upp, who recently re- 19% Kresge (S 8) (1) tired as division administrator of the 2214 Kroger G&B (1. manufacturing division of the N.R. A,, lede Gas pf-. has become associated with the Phil- % Lao o adelphia office. He was formerly with The West Virginia Bankers’ Asso- ciation will hold its 1936 convention at White Sulphur Springs. Homer Gebhardt of Huntington has again| been elected secretary. . NEW YORK BAR SILVER. NEW YORK, August 20 (#)—Bar - silver R at 65%. 10 12 1% 13% 5 9% 1% Nk 15% Consol Gas N Y (1) 721 Consol Gas of (5) 115 Consol Laundri 613 Consol Ofl 1084 Consol Oil pf ). 13 Consol Textile 8%, Container Corp (A) 27s Container Corp (B) 4!3 Contl Baking (A) ... % Contl Baking (B)... 62% Oonb&.l 2.40) % — % 1% + % et U 84 1% uu;g- “ 5% Lehigh Val Coal pf_ 5 Lehigh Valley RR. 10% Lehn & Fink (1%) . 614 Libby McNeill & L._ 2112 Lib-O-Kord G1(1.20) 21 Life Saver (1.60) 122 . 93% Ligg & Myers (14)B 19% 1613 Lilv Tulip Cup(1%) 34 17' Link Belt (80¢) ... 34% 24% Lifquid Carb (11)... 44% 31% Loew’s Inc (l)r‘_ 9 30% 30 39 41 40% 40% - % Iu£ 18 28 seph Lead Co. today advanced the -price of lead 05 of a cent to 4.10 cents a pound at St. Louis and to 4.30 cents a pound at New York t'mI | heavy demand. ‘The price of lead was also advanced | 0.05 of a cent to 4.25 cents a pound 18 e29% — % 30% - % at New York by the American Smelt- Refining Co. Steel Co. will hold a special stockhold- ers’ meeting on September 20 to vote on the proposed merger with Joseph T. Ryerson & Son, Ine. Ryerson stock- holders will meet August 30 to vote ‘on the proposal. AN DD BRI Pet Mllk Co. common share earn- lflu ll; mm‘!ihhended June 30, were gm vs. $1.11. % s sales of Chevrolet cars and trucks for the first 10 days of August totaled 26,359 units, a record for this period since 1929. In the like 10 days of August last year sales aggregated 17,791 units. . !moklyn-MlnhM.hn Trnult Corp. —July surplus after charges was $308,- 329 vs. $391,150 in July, 1934. [ Mass Natl Fire (25 Natl Liberty “ m" River' | BRcemx (2138 | onv Wash () it Paul Fire (7 ‘anrmmeld Ay 'mmm 6 633 B Fire (180w 331 | Fetenester (1. 30y 331 a—Including _extr &—Declared or paid so far this year. pr