Evening Star Newspaper, July 3, 1936, Page 10

A—10 xxx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JULY 3, 1936. __FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE CAPITAL DEPOSITS DECLINE SLIGHTLY Controller’s Call Reveals $3,574,661 Recession From March Peak. BY EDWARD C. STONE. Controller of the Currency J. F. T. ©'Connor issued a call today for the condition of all banks in the Distisct of Columbia and all national banks in the country as of June 30, 1936. the end of the Government's fiscal year. Following announcement of the call, it was learned by The Star that the 22 Washington banks had aggregate deposits on June 30 of approximately $306.432.644.78, compared with a total of $31€,197.305.89 or the call three months ago, dated March 4 | Today's call reveals a slight drop | in deposits of $3,574,661.11 from the high peak reached in Maréh. Up to| the middle of June the banks in| Washington had more deposits than on the date of the March call, bank- ers said today. According to bank officials, the main reason for the small | slump in the totals is due to the fact that many people take money out of | the banks in order to avoid the per- sonal tax due July 1. Temporarily, they place their money in non-tax- able securities, officials say. While the figures are subject to elight changes, Washington banks re- ported the following deposits as of | June 30, 1936: Deposits on June 30, 192 American Sec. & Trust $47, Anacostia Bank _______ 1.732,736.75 | Bank of Com. & Savings 2.933.374.22 City Bank 6.832,705.27 Columbia National __ 4,832.896.36 East Washington Sav'gs 1,010.607.31 Hamilton National . 21,312,384.63 | Industriai Bank . 416,045.78 Liberty National . 6,500.351.80 Lincoln National. 9.873.153.62 McLachlen Bank- 4.501.218.72 Munsey Trust Co.. 5.365,334.44 Morris Plan Bank 1,580,209.24 National B’k of Wash. 9.297,605.48 National Capital 3.003.808.46 National Metropolitan. 25,222,966.22 Nat. Savings & Trust.. 16353 10 Riggs National . 89,100.762.36 Second National. 7.463,481.05 | Security Sav. & Com. 6.927.713.00 Union Trust Co.._____. 9.798.891.08 Wash. Loan & Trust Co. 24,730,520.00 Total $306.432.644.78 Second Call So Far in 1936. This was the controller’s second call | in 1936, three calls being required | and four usually being issued. Simul- taneously, the Federal Reserve Board today ked for the condition state- ments of all member banks as of | June 30, while the Federal Dzpesit Insurance Corp. requested all State non-member insured banks to report | their condition at the close of busi- ness on Tuesday, June 30. | Today's reports indicate that 15 banks in the Capital had increases in | deposits over the March call totals | while seven had lower fisures. All | the individual decreasez were com- paratively small. The gains by the other banks were mod not quite enough to bring total deposits in the city into new high ground. New York banks have been report- | ing considerably better earninzs in | the past three months and the whole | first half vear. Banks here say this 1s also true in Washington. Business Activity Continues, “Business activity continues to ex- pand with little regard for the tradi- | tional uncertainties of an election | sear. In short, recovery seems to be | assuming more and more the aspects of its many predecessors which were motivated by the restoration of con- fidence,” declares the American Ba ers’ Association monthly an: business conditions, out today. review ads “Amid the hubbub in Wa Cleveland and Philadelph to its knittis lines of activity recorded gains that were contra-seasonal: in others the diminution that usually signals the epproach of Summer was less than normal. On the whole it was a sat- isfactory month; the momentum pre- f viously acquired was sufficient to overcome any hesitancy which might otherwise have been manifest. “The immediate effects of the bonus | payment were less spectacular than had been anticipated, for in mam'} communities there was no great rush | to cash the bonds. No doubt a lib- eral proportion of the money will find its way into retail trade before the | Summer is over. “Demand for goods of the semi- permanent type also has been brisk and tends to increase. Automobile production slows up as the trade pre- | pares for the new model season, yet a | 5,000,000-unit year still seems prob-' able. Fair Crop Returns Seen. “Crop prospects are excellent in many parts of the country. Drought has threatened to be a disturbing factor in the Northwest, but the price outlook, at his point, seems promis- ing. There has been enough doubt | about the position of cotton to lift | prices appreciably in response to a | strong demand at home and abroad; even with a fairly short crop, which in unlikelv. a fair return is promised to Southern farmers. “Retail trade generally is 10 to 28 per cent above a year ago, having reached the best level since early in the depression. June reports suggest- ed a further increase. This gain, it appears, represents a rise in the ac- tual turnover of goods, as there has been practically no increase in prices for consumptiongoods over a year ago.‘ “How completely the banks have cleared away the wreckage of boom and depression years appears graph- ically in the fact that institutions in the Federal deposit insurance system had net additions to profits last year of $207,000,000 as compared with a net loss of $339,000,000 in 1934. How- ever, this result was obtained more by | stopping losses than by increasing | gains and is more an evidence of com. pleted liquidation than of increased | earning power.” business i Several | NEW YORK SUGAR. NEW YORK. July 3 (®.—Raw sugar re- mained quiet early today. No sales were Ieported as refiners continued to hold of Sugars in July position were available ¢ 1ast paid prices of 3.75. with indications 1083 Jess would have been accepted by some Futures opened unchanged to 3 points higher on scattered trade and Cuban sup- port of new crop deliveries. but eased un- der increazed July liquidation bpromoted by circulation of notices. Fifty-two July notices were issued. causing moderate liguigation in, the cpot, month which sold of from 277 to 5.4 or 4 points net Eeptember Teacted from 2.82 to 2,80 the previous closmg level. The market at midday was about un- changed to 4 points net lower. In refined withdrawals were a little eavier on account of the approaching oliday. List prices were unchanged at B00 for fine granulated. Resales were quioted at from 4.75 to 4.85. —_— Engineers Public Service Co.—Pre- ferred share earnings, 12 months ended May 31, were $4.10 against $2.42. & Prev. High. 118 15% 2124 1354 1661: 61 1417% 129 178 1021y 104 11% 144 204 121 157 3% 142 k¢ 8214 1% 35% 19% 1044 69'% 861g 46% 110% 701 102 204 106 51% 112 26 9% 49 364 21% 106 99 134 647 101% 17 82% 11412 24% 82 12% 442 25% 20 13% 38% 108% T 38% By Private Wire Direct to The Star. Sales— 193 Stock and o Add 00. High. Low. Dividend Rate. 111% Abr & Straus pf(7). 10s 112% 9% Adams Exp (a20c). 4 1% 177 Adams Millis(a75¢) 1 58 Air Reduction (11). 8 2 Alr-Way Klec Appl. 5 134% Alaska Jun (160c).. 2145 Alleg Corp (4) . 12% Alleg pf w30w(d)_ 12% Alleg pf wS40w(d) .. 1215 Alleg pf xw (d) 27 Alleg pr ot (d).. 27!5 Alleg Steel (1 - 157 Allled Chem (6) __. 23% Allied Mills (b25¢). 6% Allled Stores 35% Allis-Chalmers (1). 27 Ama! Leather . __. 75 Amerada Corp (2)_. 50 Am Ag Chm Del(3). 39 Am Bank Note (1) 65 Am Bnk Notenft3) 108 40 Am Brake Sh(1.60) 2 Am BrakeShpf53% 40s 115% Am Car. (14) 9 162% Am Can pf (7) .. 1 30 Am Car & Foundry. 2 57% Am Car & Fdry of__ 4 31 Am Chain = ) 33! Am Coal of Alleg 4. 20s 7'« Am Colortype . __. 1 201; Am Comel Alcohol . 1 16'4 Am Crystal Sugar 2 89 Am Crys S 1st pf(6) 220s 63 Am & Forelgn Pwr. 129 Am & For Pw $6 pf_ 13 Am & For Pw $7pf. 66 2 Am & For Pw 2d pf. 49 13 Am Hawatlan (1) _ 6 5% Am Hide & Leather 12 Am Hide & L pf (3) Am Home Pr (2.40) Am lce pf (2) Am International .. s Am Locomotive _. Am Locomotive pf _ Am Mch & F (80c) Am News(NY L » Am P&Lt $5 pf(23%) Am P&Lt $6 pf (3) Am Radiator Am Radiator pf (7). Am Rolling M(1.20) Am Seating % Am Shipbuilding 2 Am Smelt&Ref (2) Am Sm& Ref pf (6)- Am Snuff (13) Am Steel Foundry __ Am Steel Fy pf (2). Am Stores (2). Am Sugar (2) Am Sugar pf (7). Am Tel & Teleg (9). Am Tobacco (5) __. Am Tobacco B (5) .. Am Type Foundry Am Water Works _ Am Writ Paper (d). Am Woolen pf ($2). Am Zinc & Lead Anaconda Cop(a30c Anaconda W (a50c) Anchor Cap (6uc) _. 22 3808 18 4814 1491, 87 pwemeaSmene Anchor Cap pf 6% Archer-Dan-Mid 11_ * Armour Delpt (7)_. Armour (Illinois) . Arm'r(111)pr pf(6)_ Armstrong C (1%)_ Arnold Constab 50¢ x Artloom Corp Artloom pf (17) Atch To& S Fe(a?) Atlantic Coast Line AtlGulf & W Ind Atl Gulf&W Ind pf_ Atlantic Ref (1). Auburn Auto _ ____ Aviation Corp(Del) Baldwin Loco (a) Baldwin Lo asd (d) Radwin Loc Baldwin Loc pf asd- Battimore & Ohio Baitimore & Uh of Bang & Aroos(2%) Bang & Aroos pf(7) Barker Bros of atrnm B 157 1001, 77 233, 25% 2 43 20s 118 60s 92 23 16% Bay 5 Beatrice Cr Beagrice Cr pf (7)__ Beech-Nut P (13) __ Belding-Hem (1) __ Bendix Aviation(1) Benefictal Lo(t1%) Best & Co (12) Bethlehem Steel . __ Beth Steel 5% (1) _ 110 Beth Steel 7% pf(7) 23 PBizelow-San (ailc) 14% Blaw-Knox (40c) __. 167 Boeing Airplane 44 Bohn Alum & Br(3) 80's Bon Am1 A (4) Bon Ami (B) (2%) 10 25% Borden Co 11.60) 30 ©4 Borg-Warner i3) & 121, Bridzep't B i0c xrts 13 Bridgep't B. July 23 43'¢ Briggs Mfz (12) 48 Briggs & Strat (3) . 41 Bristol-Myers (12)_ 40% Bkiyn-Man Tr (3)__ 4'; BKlyn & Queens____ 50 Brown Shoe (3) ___ 8 Brunswick-Balke £7% Bucyrus-Erte 1313 Bucyrus-Erfe cv of. 100 Bucyrus-Epf33%._. 9% Budd (£ G) Mfg 2% Budd Mf 1pd.July16 85 Budd (EG) Mfg pf_ £% Budad Wheet = 20% Bullard Co (a25¢).. 11%; Bulova Watch : 25 Burr Ad Mch(160¢) 2! Bush Terminal (d). 2% Butte Copper&Zine. 54'x Byers (A M) pf.__ 22 Byron Jackson (1). % Callahan Zine oa 6 Caluriet&Hec a250. 30 Campbell Wy (t1).. 10« Canada Dry G A ... 107 Canadian Pacific 37 Cannon Mills (2) _ 91 Car-Clin&O sta (5). 6% Carriers & = 9213 C: J 1) Co L 116 Case (J I)Co pf (7). 543, Caterpillar Trac(2) 213, Celanese Corp a50c. 54 Celotex Corppt . 25%Cent Aguire (113). 8% Certain-teed Prod 101 Champion Pa pt (6) 224 Checker Cab Mfg _ 59 Chesapeake Corp(3) 1 51 Ches & Ohio (2.80) b 27s Ch1 M StP&P pt (d) 23 Ch1 & N W (d) 12'; Cht Pneumatic Tool 40% Chi Pneu Tool pf __ 112 Cht R 1 & Pac (d) .. 34 Chi R I&P 6% pf(d) 315 Chi R 1&P 1% pf(d) 20 Chickasha C O (2) 7 Chilas Co €514 Chrysler Corp (6) 15% City lce & Fuel (2). 2 1% 727 City lce&F of (6%) 50s T79% 23% Clark Equip (80¢) . 2 30 107% Clev El Illu pf(4%) 1110% 48 Cluett Peabody (1). 5 52 84 Coca-Cola (2) . 2 994 13 Colgate-P-P (60c).. 9 134 102% Colgate P-P of (6)_. 2 104% 108 1% 9 35" 13% 12% 1 10s 138 5% 40 40 101 101 7 6% 169% 165 138 391 Collins & Atk (2)__. 107% Collins & A1k pf (1) 84 Colonial Beacon _. 2% Colo Fuel & It (4) 24 ColoF &1 pfd) _ 2114 Colo & South 14 Columb G&E(a20c) 90 Col G & E pt A (6) 80% Col G & E pf (5)._.. 94 Colum Carb vte(t4) 44 Comel Credit (3) __ 10113 Comel Cred pf 4% n 110 Comcl Crea pt t5%) 55 Comel Inv Tr 13.60. 97 Comel In T pf(4%). 14% Comel Solv (60c) ... 2% Comw & Southern.. 59% Comw & Sou pf (3 713 Conde Nast Pub 328 Congoleum-N 1.60__ 16 Congress Cgr (b2).. 10 ConnR&L 8 Consol Clgar 27Y% Consol Edis N Y(1) 102 Consol Ed NY pf(5) 4% Consol Flim . 15% Consol Film pf (31 8% Consol 1.aundri 111 Consol Oil (60c) ___. 67 Consol R R Cuba pf % Consol Textlle 1d) 90s 100s 131 1 4 1 30s 2 3 3 14 45% 20s 110 12208 25% 5 5 26% 2974 1 40s 3 17 6 4 13 d 19 49 4 107% B3 1 17% 1 5% €6 13 1 % B b 12% Con C'l (Del) vte pf 130s 15 15% Container Corp (1)~ 10% Conti Baking (A) 1% Contl Baking (B) 67% Contl Can (3) . 17% Cont’l Diam Fib 854 Cont! Insur (11.20). 2% Contl Motors o 28t Contl Ol of Del(1) x 11 30 27% Contl Steel Cord(2) 3 9" 4 19 1 144 2% il 3 28% Net Low. Close.Chge. 112% 112% 11 20% - % 69% +1% 4% 13% 3+ % 25% +1% 25% +2% 244 + % 36 + % 284 202% +1% + % -1 + % B +1 40 101 7 1691 T4 EFF R R o B B S [ S S SR S Sy S © ES FEE Py I+ [T + Prev. 1 Hizgh. Low. 69 824 1681 1 T 28% 63% 47% 105 1 10% 133% 1 974 172 1 166 37 9 445, 1 12912 1 Th 4 3% 363 44 111 ¥ 815 41% 194 15% 96% 22% 29% 79 129 251y 110% 1 28 26% 16% 102% 10814 104t Loew’ 3 % 8% 26% 158 036 Stock and Dividend Rate. Sales— Add 00. High. Low. 56% Corn Ex Bk&lr (8) 60s 681 Corn Prod Ref (37 x 62 Corn Prod Rpf (7) x 4 Cotv Ine 15% Crosley Rad(a50c). 43% Crown C& S (1) . 45% Crown C&S pf(2.70) 02 Crown WP 1stpf$3 1 7% Crown Zelleb'k vte. 28 Crucible Steel .. 1'% Cuba Co 64 Cuban-Am Sug: 63'; Cuban-Am Sug pf.. 167% Curtis Publishing.. 99% Curtis Pub pf (7)._. 4 Curtiss Wright ___ 10% Curtiss Wright A__ 43% Cutler-Ham (11) __ Deers & Co e Deere & Co pf $1.40_ 4 Delsel-Wem-G t50c Delaware & Hudson Del Lack & West _ Devoe&Rey(A) (2). Diamond Mteh t1% Dist Corp Seag Ltd. » Dome Mires (12)__. Dominion Stores___ Dourlass Afr _ Dresser Mfg B Dupont de N 13.60 Du Pontdeb (6) __. Eastern Roll Milis._ Eastman Kod (16) Eastman Kod pf (6) Eaton Mfg (2) _ Eitington-Schid Elec Auto L (1.20) Electric Boat £, Elec&Mus In(b24c) < Elec Pw & Lt 29 5% 56 8 BYNSE - O 281y 5 Squit Office Bal0c irfe B 1 P ureka Vae C(80cf_ vans Products (1) Sxchange Buffet __ Fairbanks-Morse Fajardo Sugar Federal Lt & Tra Fed Lt & Tr pf (6)_. Fed Screw Works__ 2 Fed Water Sve (A). Fed'd Dept Stra(1) Firestone T&R 1.20_ Firestone pt A (6) First Nat Strs(23%4). Follansbee Bros (d) Foster-\Vheeler Fourth N1 ww a7¢ Frank Sim pf (37)__ Freeport-l exas (1) Freeport-Tex pf(6) Fuller Co 2d pf__ Gabriel Co (A) _ 2Gen Am Investors _ Gen Am Inv pf (6) 4 Gen Am Trans(1%) 25 1 7 13 1 0s e 2 S-S nmmaana® - PRSI JORE SETCE gy » & 624 5 1634 4% 624 » Gen Asphalt(b25c). Gen Baking (60c) . Gen Paking pf (8) i Gen Bronze Gen Cable Gen Cable (A) : Gen Cable pt Gen Cigar pf (1 Rlectric (1) Gen Foods (1.80) GenGas & El (A '3 Gen Mills pf (6) Gen Motors (12) _ Gen Motors pt (5) Gen Outdoor Ady Gen Outdoor Adv A Gen Print Ink (12)_ - Gen Public Service_ Gen T Gillette Gillette Gimbel Bros Gimbel Bros pf( Gltdden Co (2) _ Gobel (Adolf)_____ Goehei Brw C(t20e) Gold Dust vte (60c) Goodrich (B [7) Goodrich (B F) pf_. Goodyear T&R Goodyear $7 pf (4)_ Gotham Silk Hose . Gotha Silk H pf(7)_ Grant (W T) (1 Grt Northernpt . Grt North'n Ure(1) Grt West Sug (2 40) Grt West S of(7) sreentHL)Co (11) e 5500 5 SR A e T R R FoR] Hackensack © Hack W pt A(1% ). Hall W F Printing Harbison Walk(t1) Hat Corp of Am(A). Haves Rody e Helme (G H) (t5)__ Hercules Motor (1). Hercules Pow (5)-.. Holland Furnace and Furn pf (5) Holland & Son «50c) 529 510 a Homestake (112) Houd-Hers (B)1% House Fin (A) (12) Houston Uil vtc Howe Sound (13) Hudson Motor Ca; Hupp Motors [1linois Central ... Illinois Cent pf (A). Indus Rayon (1.68). Inland Steel (3) __. Inspiration Copper.. Insur Sh Md ct 18c_. Interboro R T (d)_- Interlake lron _ Int Bus Mach (16) Int Cement (1%) Int Harvester 1.20 . Int Harvester pf(7) Int Hydro Elec (A). int Merch Marine - Int Nickel(Can)1.20 Int Nickel pt (7). __ Int Paper & Pw(A). Int Paper & Pw(B). Int Paper & Pw(C). Int Paper & Pw pf 37 Int Print Ink (1.80) 07 Int Print Ink pf(6). 3% [nt Ry Cent Amer.... 19% Int Ry C A pt 12% [nt Tel & Tel _ 10% Interstate Dept Str.. 82 [nt Dept Strs pf(7). 15 Intertype Corp (1). 26% Island Creek (2) 58% Jewel Tea (14)__ 88 Johns-Manville(2). 75% Jones&Lauzh7%pf 4213 Kalamazoo Stove Co 19% Kans City South pt 17 Kaufman Dep 8 (1) 27 Kayser(J)& Coa75e 20 Kelsev-Hayes (A). 14% Kelvinator (150c) _ 2814 Kennecott C (#£0) 17% Keystone StI&W (2) 181, Kimb-Clark (50c) .. 4% Kresge Dept Strg. 20% Kresge (S 8) (1) 01% Kresge (S 8) pf(?). 19% Kroger G&B (1.60). 19% Lambert Co (2) __ 12!x Lee Rub&Tire (50¢) 941 Lehigh Por C pf(4). 2% Lehigh Valley Coal. 9% Lehigh Val Coal pf.. 815 Lehizh Valley R R_ 89 Lehman Cofp (13) 12 I-ehn & Fink (1%) 3715 Lerner Stores (2)_- x 47% Libbey-Owens G(2) 7 Libby McNeill & L. 97% Ligg&Myers B(14). 19 Lily Tulip Cup(1%) 25% Lima Locemotiv: 36Y% Link Belt (11.20) 321 Liquid Carb (1.60 43 Loew's Inc (+2) ___ Inc pe(6%)- 2 Loft Inc Liais 3% Long Bell Lum (A) 21% Lorillard (P)(1.20) 25% $0 6l 5 11y 9ty 60 351 56% 434 25% ot 151 142 Lorilard Ppf (7). 51% 244 7% 35 42 32% 15% L 13 La Ofl Ref pf (d) . 20 Louisv GEEpfA 1% 57% Louls & Nash (a2)_ 22% Ludlum Steel (1)-.. 85 MacAnd & For (2)-. 29 McCall Corp (2)-eue 12% McCrory Stores.. 92 McCrory Stores pf.. A 4 110 110 36% 26 21101 1 15% 36 L 2 11112 111 420 Tt ey 44+ + Net Close.Chge. + 41 * TFEF FFEEFT High. | 123 | 137% 128 PubSve NJ pf (7). Prev. 1036 Stock and Sales— Low. Dividend Rate. _Add 00. 49, 39% Mcintyre Porcu(2) 6 1181 96 McKeesp't T P (14) 8% McKesson & Rob . 37% MecKesson&R pf(3). 11t McLellan Stor 27% Mack Trugk (1).__. 40'% Macy (R H) Co (2). 34% Magma Copper (2)_ 14Y% Man El md gtd (d) 17' Manhat Shirt (60c). 2% Maracaibo O1l Exp_ 814 Marine M1dld (40c). 18% Marl St Ry pr pf. 11% Marshall Field & Co 271 Mathieson Alk 1% _. 4 43% May Dept Strs (2)_. 5 49 Maytag pf ww (3) . 2 45 MaytagCoxw pf3. 10s 103 . Maytag 1st pf (6)__ 10s 55Y% Melville Shoe (4) 67 Mengel Co ... 50 Mengel Co pf 40% Mesta Machine (3). 5% Miami Copper 17% Mid Cont Pete a40c 21% Midl'd Stl Prod (1) 110 Mid Stl 1st pf (8)__ 612 Minn Moline Pwr 57' Minn Moline Pwr pf 1'; M St P&S S Marie__ 2%, M St P&S S M of 2% MStP&SSMisin. 16% Mission Corp 513 Mo Kans & Texa: 1413 Mo Kans & Tex pf_. 37 Mo Pactfic pf(d)_.— rp (1)... em(t1) Montz'y Ward(80¢) sex(3%) « Mother Lode ___ . Motor Products (2) » Motor Wheel (1) __ Munsingwear &l Murphy (G C) 1.20 rphy (GC) pf(5) 3 6 2 2 14 3 2 4 2 8 13 10s 10 )12 Nashv Chat&St L. : Nat Acme Co Nat Blscult (1.60) “ash Reg (50c) Nat Dairy 2(1.2 1123 108'3 Nat Dairy P p 15% 10 Nat Dept Stor 33 25% Nat Distillers ( 7 Nat En & St Yo Nat Lead pf (1) A _ 1373 Nat Lead pf (B)(6) 54 Nat Pwr&Lt (6 Nat Steel (11z) 197 Nat Supply Co . __ 74'« Nar Supply Co pt. &1 Nat Tea (60c) 10'¢ Natomas (tsve) . 32 Neisner Bros (1%) 9 Newport industries 2 N Y Atrbrake & N YCentrai RR __ N Y Chicago & St L. 168 143 14 487 116 il7% Y Dock __ = N Y Investors (d) .. NY NH& H (4) Y NH & H pt (d) ¥ Ontario & West ¢ Shipbutiding . N Y Steam 1st (7)_. Norfolk & W (18) _ North Am Co pf(3). North Am Ed pf(6). « Northern Pacific __ Northwest Tel (3)_. Ohio Ol (50e) .____ Oliver Farm Eq Omnibus Corp vte_ . t O11s Elevator (60¢) : Otis Steel 2 Owens-111 (Glasg(5) & Owenc 11 G.July 24 fic Am Fish (1) e iy 4'4 Pacihc Coast 2d __. 30 PacificG & E (114). Pacific Ltg (2.40)__ 14% Pacific Mills - 140 Pacific T&T pf(6) . 11% Pac West O (b25¢) 675 Packard Mot (a2ic) Paratfine Co (2) s Paramount Pictures Paramount 1stpf . _ % Paramount 2d pf Park L] asmm Parker Rust P(1%) s Parmelee Transp't. “» Pathe Film Corp.... + Patino Mines s Pecriess Motor - Pennev (J C) (13) _. : Penn Dixie Cement. e = « Penn Railioad (al). Peoples Drug(11)__ Peoples (Gas Chy = Pere Marquette ___ 2 Pere Marq pr pf 2% PetC'pof Ama SR h0 S e [ S-oe 51, Phila Co 6% pf (3) &!a Phila Rap Tr pf(d). 1% Phila & Read C&l . 6 o S Phillip Morris (1)_. 38 Phillips Petrol(t1). 6% Phoenix Hoslery __ 1i; Plerce Petroleum 30'; Pilsbury F1 (1.60) __ 7'3 Pitts Screw & Bolt._ 49 Pitts Steel pf - 2 Pitts United Corp__ 11% Plymouth Oil (1) ___ 20 Pond Creek Poc(2)_ 12 Poor & Co (B) g 1'4 Porto R Am Tob(B) 6% Postal Tel&C pf(d). 21 Pressed Stl Car (d). 18 Pressed Stl C pf(d) 404 Proctor&Gam(13). 48% 39 PubSveNJ (2.40)_ 107% 103! Pub Sve N J pf (5) 113% Pub Sve N J pf (8) fors @ 2 - Sl 091 0+ s & -1 § 367 Pullman Inc (1%).. 247 164 Pure Ofi 118 91% Pure Oil pf (6)_. 133% 103 Pure O1l pf (8) _ 17% 9% Purity Bakeries 40o 14'4 9% Radio Corp - 79% 68'3 Radiocu 1stpf3g_ 5 Radlo-Keith-Or(d). 287% Raybestos-M (1%). 'z Reading (2) __ 70 Real Silk Hos pf 18« Remington-R (60c) 47s Reo Motor Car _ 1674 Republic Steel 77 Republic Steel pf. 90 RevereC& Bpf. . 2213 Reynolds Met (1) 251 Reynolds Spr's new 50 Revnolds Tob B (3) 30 Safeway Stores (2) 22% St Joseph Led(80c). 15 St L-San Fran «d) . 11 Savage Arms 38% Schenley Distaf7sc_ 97% Schenley D pf (534) 1% Schulte Retail Strs._ 533 Scott Paper (1.80)_. 7 Seaboard Air L (d). 59% Sears Roebuck (2)_ 5] S P S s - e =1 ] - 9 Sroomnme Bats w 8 203 Net High. M:’. Close.Chge. s sxees"s 44411+ 40 - Vil ++1000+ ERELFSEFT Prev. 1036 Stock and Sales. High. Low. Dividend Rate. 61% Sec N Inv pf 31.66.. 15% Servel Inc (80¢) . 20% Sharon Steel Hoop.. 4% Sharp & Dohme__.._ 11% Shattuck F G (50¢e). 30% Sheaffer Pen (2)... 14% Sheil Unfon Ol ... 94 Silver King (40¢c).. 12% Socony-V Oil (40¢c). 4 SoAmG &P a20c_ 26 So Porto R Sug (2). 25 SouthCal Ed (1%). 23% Southern Pacific. .. 12% Southern Ratlway. 19 Southern Ry pf 011 Spang Chal pf 1515 5% Sparks-Withington 29% Spencer Kell (1.60). 15% Sperry C vte b25c_.. 133 Spicer Mfg . 44 Spicer Mfg pf (3)_ 63 Splegel-May-8 (3). 14% Stand Brands(80c). 10 Stand Com Tobacco. 5% Stand Gas & El (d). 9'; Stand G&E $4 pf (d) 24% Stand G&E $6 pf(d) 26% Stand G&E 37 pf(d) 35% Stand O of Cal (11). 32% Stand Oil of Ind (1) 51% Stand Ol of NJ t1. 65 Sterling Prod (3.80) 16'; Stewart Warn(50¢c) 14% Stone & Webster 94 Studebaker Corp. Sun O1l pt (6).. Superior Ol ——eeee Superlor Steel Sutherl’d Paper 11 Swift&Co (1) .. '« Swift (nUl Ltd (2) Symington A (d) Telautograph(60c). Tennessee Corp. Texas Corp (1) . Texas Gulf Sui (2)- Texas & Pac K R 4 Tex Pac C & O aZic_ Tex r’ac Land Trust The Fair __ Third Avenue Thompson P 230 Thompson Starrett. Tide Wat Asso 60c Tide Water Oil (2)-. Timken-Detroft Timken R B (12) Transamerica t40c_ Trans & Westn Alr_ Transue & W1l 60c. Tri-Contl Corp - Truax-Tra Coal 20th Cent Fox Film 20th Cen Fox pf 1%. TwinCity R T Twin City R T pf_ Ulen & Co Und- 93y 364 237 241, 65's 23Y% 211 % 14 174 Gle 29% 501 37% 34w 5813 70 184 20% 11" 122 4% 104 27 215 300 " “+ h 31% P+40 FESESE +H4d A+ + + %l Net Add 00. High. Low. Close Crge. 65% 23% 3 EEF STOCKS AR FIRM ATEND OF SESSION Gains of Fractions to Nearly Four Points Recorded. Chrysler at New Top. Stock Averages 30 15 Indus. Raile Net change. -4 —.1 35.1 35.0 339 237 30.7 30.2 31.2 185 — 115 81 289 1929 high...146.9 153.9 184.3 157.7 1927 low.._. 516 95.3 61.8 61.8 (Comptled by the Associated Press.) P& FEFEE Month ago.- Year ago... 1936 high BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK., July 3.—With unusual buying vigor manifest for a pre-holi- . |day session, the share market today “|scored gains of fractions to nearly 4 1, | Points in a variety of motors, indus- |trials and power preferred issues. Chrysler made a new six-year top — % |The close was firm. Transfers were -% % 5 = + 5 around 1.000.000 shares | Hesitant after the opening gong, the '_‘: | market gradually broadened on the up- 4 | Side as confidence was lifted by sev. 1, | eral bits of heartening corporate news | Rails and automotive issues me | buying following announcements o | better than seasonal performances ir | car output and freight loadings. Farm implements slid back earl» | but later came ahead as grains anc | cotton advanced. Investors showed z Y | liking for several utility preferreds some rising to the best levels in mor¢ than a year. | Fractions to around 4 points were ‘a ) Y + % added by preferred stocks of Standarc — 5. | Electric Power & Light & Unton T | Chesapeake & Ohio, Johns o Y Un Carb&Carb 2.40 91 5 Unton Oti of Cal (1) 2 2 2 Union Pacific (6) Pacific pf (4 | Gas. Public Service of New Jerser American & Foreign Power and common shares o. % | Douglas, Du Pont, Case, Chrysler, Gen- %2 eral Motors, United States Pipe | Youngstown Sheet. National Stes Ma on OL Owens Illinois, Wool#orth, W and Briggs. | Bonds were firm. | cert a bushel lower to !5 ahead Wheat ended cent 1% 407% 100 1% 61% % — % 4+ % + % + % Un Tank Car (1.20). Unitea Atrcraft United Air Lines vte United Bisc (1.60) United Bise pf (7) Unit-Carr F(t1.20) . United Carbon 2.40 « United Corp United Corp pf(3)_. Inited Drug United Dywood (al) United Dyew pf (1) United Elec Coal d Fruit (3) United Gas Imp (1) U S & For'n Secur U S Gypsum (2) __ U S Gypsum pt (7) ] S Hoftman Ind Alcohol (1) S Leatner vic Leather(A)vtc Leath pr pf vic Pipe & F (1%) - S Realty & Imp - Rubber __ e Rubber 18t pf Sm & Ref (af) Sm&R pf (83%3) Steel . teel pf (2) o U u u nnGnn U 2 U u wnnm U 2 w®n s Univ Pipe&Rad (d) 2 Univ PER pf (d) . Utll Pwr & Lt (A)_ Vadsco Sales Corp Varnadium Corp Van Raalte (1) Vick Chem (12) Va-Car Chemical _ Va Car Chem 6% pf Va El & PwT pt 16) Vulcan Detin (a4). Wabash (d) = Watasn pt A (d} Waldorf Syst (8%¢). Waigreen Co ((2)__ Walker (H) (2)_ Walworth Ce = Ward Baking (A).. Ward Baking (B) _ Ward Baking p£(3). Warner Bros Pie ... 2 Warner-Quin (d)... Warren Bros _ Webster Eisenlohr. Wesson V&S T5uc). West Pa Elec pf(6) West Pa Elec pf(7) Western Maryland.. Western Pacific pf_ West Union (a2)__. West'gh'se A B (1) Westingh'se El (4). West gse Istpr3ly Weston El 1 (a2bc). Weston Elec (2) A Westvaco Chlo t40c Wheeling Steel ... White Motor. .. White Rk M S(1.40) Wilcox Oil & Gas. Wilson & Co (5v¢) . Wilson & Co pf (6) - Woolworth (2.40) __ Worthington Pump Worth Pump pf(A) Worth Pump pf(B) Wright Aero Wrigley W ir (13)_ Yale & Lowne (60c) Yellow Truck ____ Yellow Truck pf___ Young Sp & W (3) 41% Youngstn Sheet & T 11's Zenith Kadio ___ 57x Zonite Products o o I 28w o B0 RS 00 b @ O s O3 63 10 GO 1 O 03 9 1 0 [ S Sw 11:00 A.ML 220,000 - 590.000 2:00 P. declarations sUnit of trading less than 100 shares. not inciuding extras. year. bPaid last vyear. or being reorganized. XEx_dividend. CANADIAN FINANCING HITS FOUR-YEAR PEAK Srecial Dispateh to The Star NEW YORK, July 3.—Canadian government, provincial and municipal financing both for the month of June and the first six months of this year largely exceeded the volume in any similar periods over the preceding four years, according to figures com- piled by Wood, Gundy & Co., Ltd. For the month of June issues totaled $186,306,950 and were largely for the Dominion government account, direct obligations amounting to $133,700 - 900 and short-term treasury bills, $45,000,000. Of the June total, $162,766,600 was for refunding purposes and $23,540,350 to provide new capital. For the same month last year, financing amounted to $55.655,385 and in 1933 to only $1,137,192. COFFEE DELIVERIES UP. NEW YORK, July 3 (#).—Coffee de- liveries in the United States from July 1, 1935, to June 30, 1936, totaled 13,- 161,544 bags, an increase of 13.8 per cent over the preceding crop year, and a new all-time high, the New York Coffee & Sugar Exchange reported. ) | | S s Total Sales for the day. 1,020.000 Dividend rates as given in the above table are the annual cash payments based on the latest Quarterly or half-yearly iAccumulated dividends, d Companies reported in receivership | Bt 4 t4+44 40 + 4 21% +1% | ,, WHEAT— — -1 1 1 5% - w32 16 | Approximate Sales of Stocks on the N. ¥. Stock Exchange. | © 3 12:00 Noon. . ~ | was 13, down o 's up 3 were higher for a time. Foreign cur- rencies were a shade better. NEW YORK COTTON midafterr gains of 4 to 8 pc Livernool Quotations. LIVERPOOL 7 CHICAGO GRAIN —Responding to late jumps of nearly 5 cents a bushel i Winnipeg quotations, Chicago | wheat prices rallied more than 31; cents today from preceding setbacks. The upturn in Chicago, however, failed to hold. Reports of acutely increasing peed % | of rains to relieve drought dangers in Canada were reported as largely re- sponsible for renewal of bulging prices. Anxiety was also manifested concern= | ing Canadian forecasts pointing to hot | weather perils. Wheat closed Irregular, 1 cent | lower to 1, higher compared with | vesterday's finish. July 1.0034a1.01; | September, 1.01%a%g: corn, 135 down |10 's up. September 71';3_.. Decem- ber 66'saly: cats at 1:a7s decline, and provisions unchanged to 7 cents Cper ik 1 -. 360,000 |Ju tAnnual rates— this a Paid - 720.000 Berle Predicts New York Transit Merger in Year By the Associated Press. NEW YORK. July 3.—A. A. Berle, jr.. New York City chamberlain, pre- dicted today before sailing for Europe that unification of metropolitan rapid | transit lines would be accomplished by May, 1937, “if all things go as planned.” Berle is a transit adviser to the La Guardia administration. PHILIP MORRIS PLANS TO OFFER NEW STOCK By the Associated Press. NEW YORK, July 3.—Philip Mor- ris & Co., Ltd., plans to offer present stockholders new stock at $50 a share in the ratio of one new share for each four held, according to a registration statement filed with the Securities and Exchange Commission. The stock closed today on the New York Stock Exchange at $85. TREASURY DEPOSITS - By the Assoclated Press. in payment of the bonus bonds. Reserve deposit liabilities substantiail; with the ex-service men. above normal. pares as follows: | July 1, 1936 | June 17, 1936. July 3, 1935 200 TONS OF LEAD SOLD. NEW YORK, July 3 (#).—The St. | of pig lead from Southeast Missouri | mines were scld yesterday st $4.45 per 100 pounds, £t. Louis. This mar- ket will be closed tomorrow. ) ARE CHOPPED IN HALF NEW YORK, July 3.—Treasury de- posits in the 12 Federal Reserve banks have been chopped in half during the | past two weeks by the outflow of cash Although reducing the total Federal | these funds have begun to accumulate | as deposits in the veterans’ individual | accounts in member banks or in ac- counts of merchants doing business A further reduction is expected in Treasury deposits as they are still The general account of the Treasury in the 12 Federal Reserve banks com- $731,016,000 | feed. 1,421,457,000 181,686,000 July Joseph Lead Co. reports that 200 tons | O, 0 7 10.20 BELLIFS-— uly Chicago Cash Market. wheat, ail new, No. 1.03%; No. 2 red. 1.023%; sample grade red, 98%al.00; No. 2 hard tough, 1.03'2; No. 3 hard, 1.01a1.023: sample grade hard, 90a1.03!; No. 1 mixed, 1.04; No. 2 mixed, 1.03!;; corn, No. 5 mixed, 70; No. 1 yellow, 72%a753%; No. 2 yellow, 723%a733%; No. 3 yellow, 72a72!2; No. 4 yel- low. 703,a71: No. 5 yellow, 691:a 70; No. 1 white, 87; No. 2 white, 85%,a 86; No. 5 white, 80; sample grade, 52a68; oats, No. 3 white. 331;5a341,; No. 4 white, 32a33'4; sample grade, | 30%4a31%: no rye: soy beans. No. 2 yellow sold to arrive, 1.04: barley 35250 nom.; malting. 35294 nom.; timothy seed. 4.70a4.95 cwt.; clover seed, 10.50a16.50 cwt. 13.00 Cash 1 red Liverpool Wheat Prices. LIVERPOOL. Julv 3 (#.—Wheat futur: | closed weak. Fri ber = 93" xchange. 5.01 Baltimore Wheat. BALTIMCRE. Ju # —Wheat. No. 2, red Winter. garlicky. spot domestic (not quoted); July, 93'a.