Evening Star Newspaper, July 3, 1936, Page 11

FIN RAILROAD BONDS LEAD IN UPTURN Allegheny Issues at Front| of Carriers, Advancing 2 to Nearly 4. Bond Averages 20 10 10 10 Rails [ndus Util For'n. Net change. —.1 unc. unc. Today, close 92.2103.11022 Previous day 92.3103.1102.1 “lrmm ago-- 91.7102.9 101. 823 979 968 94.3104.1 1025 8691018 99.3 87.8102.2 99.8 764 922 845 458 400 646 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Close ...1119 Prev. day. 111.7 Month ago112.2 Year ago.110.5 1936 high. 112.3 1936 low..110.2 1935 high. 110.7 1935 low... 107.9 1928 high. 104.4 1932 low.. 86.8 (Comiled by the Assoctated Press.) Fy the Associated Press. NEW YORK, July 3.—Bond prices +orked generally higher today as rail| ues set the pace. | In late trading Allegheny obligations | d the rails rising 2 to nearly 4 points. ntic Coast Line and Baltimore & 110 Loans also were well supported. “itland 4 of 1941 lost more than § Industrials made a good showing, | th gains of a point or so. United States Governments, while 4l y higher, were limited to ad- if'n:‘n:m bonds moved up moderately. Ward's Estimates Auto Production At 102.833 Level ) the Associated Press. DETROIT, July 3.—Ward's auto- motive reports estimated today that | production of the automobile plants of | the United States and Canada for the current week totaled 102.833 cars and tiucks, comy pared with 104,473 units | | s places Ford output at 24,310, | unchanged from last week; Gensra. rs at 45.398, compared with 45-‘ 458 last week. and Chrysler at 23.400, | « :.mn;v:d with 23.075 the previous m's reports placed this weel at 100,697 cars and truc compared with 99,695 the previous week and 59.380 in the corresponding week of 1935. ACTIVITY IN WOOL SLACKENS FURTHER Prices Generally Well Maintained, but Tend to Ease in Some Western Areas. will ‘say tomorrow: “There is a further let-down in the y in wool. es are general- maintained, but there is some tion. especially on the part of some growers in the West, to ease a bit. The holiday and mid-year in- ventories tend to slow up business. in the West. as in the ned to a marked extent and most of the limited buying has been for account of local dealers, who have paid close to former rates. picce-goods markets are in- flerently active. “The foreign markets are steadier on fair activity at the new level of prices, which are ahout 10 per cent below the recent peak. Foreign wools of the finer type are competing easily with domestic wools at current quo- tations. r has been moderately ac- cs in Texas have been re- bol -60 cents for adult and a dime more for bid INSURANCE STOCKS —New York Se- Asked. °HORT-TERM SECURITIES. Ches. D. Bainey & Co) Gs 1940 S 194 Pac fic_Tel. ‘Te! FlCl Dixie. C"mcnv h< 1941 R*Co. 15 1943 c. of Calif. um Corp. 55 1941__ Rwy. C N.'Y. & Pa ™ Union Tel MONEY MARKET. NEW YORK. July 3 (#.—Call money ste2dr: 1 per cent all . prime commer- cial paper. 4 per cent: time loans steady: 60 davs-G months. 1's per cent; Bankers { sccentances unchanged: rediscount rate. Y. Reserve Bank, 1'2 per cent. bt v Goodyear Tire & Rubber Co. of Can- . Ltd—President said opcrations of 1936 were satisfac- rplis and working capital were | Iarger at end of June than at close o June, 1835, 4 | Brazfl 7, | Brazfl 8s°41 ~New So Wales 5s 58 Oriental Oriental | Ann A 1st ex in 45’95 ANCIAL. THE EVEN BONDS ON N. Y. STOCK By private wire direct to The Star. Approximate Transactions Today. U. 8. Gov't Bond: $1,350, Foreign Bonds Domestic Bon TREASURY High Low 103 25 10320 10130 10127 1018 1016 1029 1024 10513 1059 10416 10410 1065 106, 10531 10531 10829 10829 3%s 194446 . 10723 10720 3% s 1940-43 June 10816 108 15 3% 51941-43 Mar 10831 10831 3%81943-47 _ 10814 10811 38194656 11112 11112 45194454 1134 1132 41 8-31 1943-45 10R 10728 4148 1947-52 11726 11724 2% 8 1945-47 23’ 1948-51.... 54 2% 1955-60 35194648 1 2%, 8 1942-47 381947 . 351949 3Us 1964 HOME OWNERS’ LOAN 2348194244 _ 2% 8 1939-49 381952. = FOREIGN BONDS. High Low 5214 49% 1035 103 Abitib! Pa&Pw 6s ‘53 Agr Mtg Bk Col 6s *48 April cou on Antioquia 7s 45 A Antioquia 7s 45 B Antloquia 7s '45 D 194 101 191 Argentine fi;s ‘62 __ Arzentine 6s ‘57 A _ Argentine 6s 68 B Argentine fs ‘59 June Argentine €s ‘59 Oct Argentine 6s 60 May Argentine 6s ‘60 Sept Argentine 6s ‘61 Febr Argentine 6s 61 May Australia 4%s ‘56 1001, 101 107 107 9614 1081 nn 10814 1178 1067« 23, 25 25% 26" Belgtum 78 °55_. Belglum s ‘66 ____ Berlin 6s'58 Berlin Elec 6%s 51 Brazil 634s '27-'67 2 Breda Ernesto 78 '64_ Brisbane §s'57 Buenos A 3s Buenos A C Sl/gl 8- Buenos Afres 43%-4%5s'76 April__ Buenos Alres -3% 877 (Pv). uenos A 6s ‘61 st Pv Clnfldl 2% ‘45 Canada 3%s "61 Canada 4560 ____. Canada 63 ‘52 Chile 68 '60 Chile 63 61 Febr.. Chile 6s ‘61 Sept Chile 63 63 | Chilean Mun L 7860 Colombia 6s '61 Jan__ Colombta 6s ‘61 Oct Col Mtz Bk 78 '46 Copenhagen 4158 ‘53 Copenhagen §s ‘52 Copenhagen T 58 '54. Cesta Rica T's A 51__. Cuba 41:8°49 _ Cuba 55 14-49 Cuba 5s "04-'44 _. Cuba 64s ‘45 _ Cuba 53s ‘53 Denmark 5% Denmark 6s ‘42 Dominiec 15t 5%;8 40 | Dominic 2d 5%s "40__ Finland 6%s 66 = _ French G 78’49 un st_ French Gov 715s'41 Fren Gov 7335’41 uns | Ger C Bk A 6s ‘60 Oct | Ger CBk A 7s°50 _ _ Germ Gov 518’65 st Ger Gov 5 5 un st Ger Rep 78 '49 stpd GrtC El Jap 6%s 50 Grt CEl Jap 7844 102 188 16474 1641 1017% 187 1647« 1647, 281 Greek Gov 6s'68pt pd Greek 78’64 pt paid... Hungary 7%s ¢4 Febr coupon on___. Italy 78'61 _ Ital Crd P W 78 °37 A [tal Crd PW 75 47 B ital P U Crd 78’62 Japan 6%s ‘65 Japan 6%s 64 ._. Kreu&Toll 58'59A cfs Met Wat 5%s '50 Mex 45 °10-'45asst sm Mex 4354 asst_ Milan 6%s ‘52 Montecatini 75 '37.__ 7 95 103!, ord Ry 614850 ___ Norway 414s '65 Nogway 432s ‘56 Norway 5s '63 Norway 6543 _ v 5 Panama s '63 stp as Paris Orl Ry 6%8'68 Pernam 78 47 Sept coupon off.. Peru 6860 . Peru 6s ‘61 _ Poland 6s 40 Poland 7s 47 Poland 8s 50 Prussia 68 '62. Rio de Jan 6%8 58 Aug coupon oft . Rio de Jan 8s "46 April coupon oft __ R10 Gr Go Sul 6= ‘68 June coupon off _ Rome 6%s 52 _ Rumania 7s '49 Aug coupon off __. Sao Paulo St 6s 68 July coupon off ___ 120% ll"" 148 144 | Sao Paulo St 78 40 __ Sao Paulo St 8s ‘50 July coupon oft Serbs 7s ‘62 unme Silesia Prov 7s ‘58 __ Silesian Bk 6s 47 .__. Taiwan Elec 51871 Tokio 6l%s ‘61 Tokio EI Lt 6863 Utteawa E P 7845 Un Stl Wk 61:8'51 A. Uruguay 6s Uruguay 6s ‘64 Uruguay 8s°46 Warsaw 1s ‘68 Westphal El P 6852 Tokohama s ‘61 80% 80% DOMESTIC BONDS. Adams Exp 4847 ___. 100% 100% Adams Exp 48 48 _. Alb Per W P 6548 Alleg D 68 44 Alleg Corp 6s 49. Alleg Corp 58 '50. Alieg Corp bs ‘50 stp Allis Chalm 48 "4 Am Beet Sug cv 68'40 Am & For Pw 68 2030 Am Icecv 6s 53 Am Intl §348 "4 Am Roll Mil 4% |Am T & T cl tr bs 46 |Am T & T deb 63 60 Am T & 1 deb bs 65 AmT & T b%s 43 Am TF 235 l-Su‘KK-'SD Am Wat Wks Am Writ Pap Anaconda db 43%s 50 5515 134 % 108'4 » 108'2 112% 13 113% 110% 110 36 105 6914 104% 978 105% 4« 100 114% 4 111% 1124 1121 96'5 96% 87 87 51 51 2 % 104% 104% 104% 10314 105 105 1064 106% 73 724 1124 112% 854 85 84y ¥4 84l 83% 961 96% Armour & Co 4%8 39 Arm'r(Del)1st 4865 Armstrong C'k 4s 50 A T&S Fegn 4s 95 A TE&SFetlys 4% AT&S FeCA 4%5'62 Atl Coast L 18t 48 ‘53 At] Coast L clt 4s 62 Atlantic&D 1st 4548 AtIG& W 168769 At) Refin 1eb 68 '37_. Aust & Nor 58’41 Baldwin Loco 58 ‘40 B& O 1st 4s <% B& O 4%s 60 & O 1st bs 48 & Oref bs 95 A &0 &0 &Oref 68 95C.... &0 PLEEWYV 4541 B B B B B B 1,020, 6,990, 000 000 000 Close. 10325 10130 1018 1028 10513 10416 1068 10531 108 29 10723 10816 10831 10814 1112 1136 108 726 FEDERAL FARM MORTGAGE 10212 10210 10212 10323 10320 10323 1033 10412 10411 10412 10114 10112 10114 10114 10111 10114 102124 10221 10224 Close 5213 191 101 10'; 10 8%, 100 1008 1007 1008 1007, 1000 . 10013 2 10013 10015 101 167 1074 96% 1085 2 1170 10678 120% 148 11t 11t 50 6015 50 2% 15% 173 4 100% 781 T0% 105% 110 108% 1127% 13 113% 111 110 36% 105 693 2 104% 103% 105 106% 2% 1124 85% 8444 84k 963 | Great N Ry 4546 G _. B & O Swn 68 '50 B & O Toledo 48 ‘69 Bang&Aroos 4s ‘61 o8 Toas Somm 9615 9615 964 1088, 108% 108% T11% 111% 111% 114% 114 114 120% 120% 120% 1047 10415 10415 704 7015 754 5% 7% 19 Bell T of Pa be 48 B Beth St1 4% s 60 af__. Bos& Me 4%s'61J.__ Bos & Me 68 ‘67 Bot Con M 63884 Bot Con M 635 34 ct. Bklyn Cy RR 6s°41 _ Bklyn Un Gas 58 ‘60 _. Bklyn Un G 65 '67 B.. Buff R&P con 434867 Bush Term cn 68 ‘55._. Bush T Bldg 68’60 Can'dian NtR4%s'61. Can'dlan NtR41%4s'66_ Can'dlan NtR48, 8’66 Can‘dian N 6s'69July Can Nrdb 6%s 46 rg (Ccan dian P db ¢s perp "dlan Pe 68 ‘64 1 Pacific 4348 “4 ‘dlan Pe 4% Can'dian Pc 63 44 cfs Car & Gen 63 °50 ww Cent N Eng 4s'61. Cent of N J gn 6s 87 Cent Pac 1st rf 48°49. Cent Pac 68 '60 Cent P Tr Sh L 4s '54. Cert'd deb bis 43 Champ P&F 4%s'60... Chesap C cv 68 44. Chesap Corp 5s "47___" C&O04%8'93 A C & Ocon 6s '39. Chi & Alt ref 3s 49 Ch) B & Q gen 4s ‘58_ ChiB& Q4%s 71 Chi B&Q 1d1v 3% &4 Chi B&Q 1 div 4849 Chi Grt W 48 69 Chi Ind & Lou CM&StE 4889 CM&SLP 6875 SM&S!P&P ad 1582000 Chi&NW gn 3155 '87_ Chi & NW 4158 2037 _ Chi & NW 4138 2037C Ch1& NW 4%8'49 _ Ch1 & NW rf 6s 2037 C&NW Nr W 63536 Chi R 1&P rf 45 34 Chi R &P gn 4 '8 C R I&P 4588 ctfs Chi R I&P 4%8 52 CRI&P 4%8 62 ¢ 93 % 105% 105% 120 1213 136% 13814 110% 110% 111 111% 50 a1 5 112% 112% 11175 1111 108 108 % 111% 41’ +|ChIR I&P 43860 _ Chi St L&EN Me 4s 51 ChiUnSta3¥s6lE. Chi Jn Sta 48 63 ._ Chi Un Sta 68 ‘44 Cht & W | con 4863 . Chi& W15%s'62 A Childs & Co bs = Chile Cop deb 68 47.. Cin Gas El 4568 A Cin Un Ter 6s'67C._. CCC&StLrt 4% &'17E CCC&StL rf 68 '63 D 10215 102 , | CCC&StLStL dv4s's0 Clear & Ma 1st 55’43 Clev Cliffs Ir 4%, s 50 Clev Un Ter 4348 77 Clev Un Ter 6873 B_ Colon Ot €s 38 Colo Fuel & Ir 68 ?|ColoIndecitr§ ‘ Colo & So 438 80 Columbla G & E deb 5552 April :1Columm|G &E 63’52 May ______. Zolumbia G&E 55'61_ Cons Coal Del 5s 60 Cons Gas N Y 4% Cons Gas N Y 58 Consum P un 33%8'65 Cons Pwr 31 & Consum Pwr 3%s ‘65 Contatner deb 68 '43._. Cuba RR 1st 6852 __ Cuba Nor RR 618 '42 Cumb T&T 5537 Daytom P&L 3%s'60. Del & Hud ret 4s '43_. Del P& L 41%s'71 __. Den& RG W 5555 _ DNen&RGW bs'55asst. Den& RGrfbs 78 _ Detroit Edis 4s 65 F_ Dul S S & At 5537 | Duquesne Lt 3%s '56 East Cuba S %337 ECuba S 7%4s'37 efs Erie&Pitts 31,5 40 B Eriecv4s'53 B Erie gen 4s 9% Erteref 5s'67. Erfe ref 5s ‘75 | Fed Lt&Tr 6s '54 B Fla ECRy 4%s 59_ Fran Sug 7%s'42 Gen Am Inv 68 52 Gen Cable 6155 47 Gen Steel Cb%s 49 | Gen Thea Eq 68 40 Goodrich 65 ‘45 Goodrich 6%s 47 Goody'r T&R 63 Gould Coup 6s 40 Gr Tr'k of Can 3 100% 115 104% 113%, 103 100% 1141 10418 1134 1023, 101% 109 115 Great N Ry 4846 H_ Gt NRref4%s 61 A. GtNRgen4%s'76 D GtNRgen4%s 7TE GtNRgenBs ... Gulf Sta St1 5% s "42_ Har Ry-P C 15t 45°54_ Hoc Val 434890 ____ Houston O11 6%s 40, H’satonic con 6s ‘37.. Hudson Coal 6s ‘62 HudCo G 1st 58°49__ Hud & Man inc 68'57. Hud & Man ref 6s ‘57 111 Bell Tel 3 111 Cent 31%s ‘52 111 Cent coll tr 4s ‘53 111 Cent ref 48 66.... 111 Cent 4% s 66 111 C Spring 3 111 Cent St L 8%s°51. ICC&StL NO 445 63 111 C St L&NO 5s'51_. LCC&StL NO 68 63 Ind & Loulsv 4856 Inland St 3%s §1 int R T Istrf bs 66 _ LRT1st rf'§1'66 cfs_ Int RT 7832 IntRT 33 ctf: Interiake 53 51 Int Agrel 6 Int Cement Int Grt Nr 68 56 C. Int Grt Nr6s 52 A... Int Hydro El 6s 44 (ot Pap 1st 6347 A Int Pap ref 6s ‘56 int T&T 4%s '52 int T&T 68 ‘66 . James F & C 48 Ka: Kan C So 1st 38 KanCSorfin Kan C Ter 1st ¢ Keith 6546 Laclede G 6% Lautaro Nitr Leh CEN 43854 A__ LVNY4y4s d0gtd LVNY1st4s'4bgtd Leh V P con &s 2003 Leh V P con 4%s 2003 Leh V RR con 68 2003 Ligg & Myr 7844 _ Loew's 3%s 46 Long Isi ret ¢s Lorrillard 5s 51 Lorrillard 4 109% 109% 102 102% 108% 1084 108Y% 108% 103% 103% 103 103 3% 113% 113% 95 95 95 103% 103% 103% 003 L & N Mo&N 435 s L & N So Mon it 48’62 McKess & R 6%s ‘50 Man S 18t 738’ 42c: 411 41% 41% Manhat R 4s 90 ct! 55 54% 54N ManilaRRSL4s'59 89% 891 89% Marion StSh6és'47. 8315 83 83 Market St Ry 7s'40 A 101 101 101 Mich Cent 4%8'79___ 1043 1043 104% MUER&SL6s"'61__ 104% 104% 104% M1l B R&S L rf 68'71_ 105% 105% 105% Minn & S L rf 4549 3 Minn & S L 5s ‘34 cf: MStP&SSM cn 48 3¢ . MStP&SSM cn 68 ‘38 MStP&SSM 65 '38 gt_ MStP&SSM 635 49 MoK & T 1st 45 80... MoK & T 4562 B____ MoK & T4%s"78_ ___ MoK & T 68 62 A Mo K & T ad) 68 ‘671 103% 103 103% Mo Paoc ¢s76.. A | Penn R NG _STAR, WASHINGTON, D. EXCHANGE Mo Pac6s'1T F__ Mo Pac 6877 F ctfs- Mo Pac6%s 49 A Mohawk & M .. Monong Ry 1 Mont Cent 6s '37 Mont Tram bs 41____ Morris & Co 43,839 _ Mor & Esx 3145 2000 Mor & Esx 4%s 55 Mor & Esx 68 '66__ Nassau El 4s '51 gta Nat Dairy 3% s'51ww NatDis PC 4348 45 Nat R M 438’26 asst Nat Steel 4s ‘66 New E T&T 1st 68 52 New Or GNR 6s 83 A NewOr PS68'62 A._ NewOr PS68'56 B _ New Or Ter 1st 4s 53 New Or T&M 6s ‘54 B N Y Cent 3%s ‘97 N Y Cent 4542 N ¥ Cent con 4598 N ¥ Centrf 43%s 2013 YCrfalsz013n._. ¥ Cent rf 65 2013 __ Y Centcvés 44 YC Mich C3%s 98 YC&StL 434518 _ YC&StL 5%s ‘74 A ¥ Chi&StL6s'38. Y Conn 1st 4%s°53 Y 24 x Conns’53B__.. Dock 1st 48’61 Edison 33, 8'65 D Edis rf 614s ‘41 G G El L El H&P 65’48 _ 22222222 22222222222 ‘4“""»«««« t\:\( NH&ch s NY NH&H cn Ry4s'56 N Y Rys inc 6s 65 N Y Steam 6s 66 ___ N Y Steam 1st 6547 N ¥ S&W 1st rf 65'37. N Ylelgendiys 39 NY Tr Rk 6546 stp._. N Y W&B 4348 ‘46_ Niag Sh 638 50 t\.or( & W 1st 45 Norf&W PC&C 4s ‘41 North Am Co 68 61._ North Am Ed 6569 C Nor'n P gen 38 2047__ Nor'n Pac 48 97 Nor'n Pac 4%s 2 Nor'n Pac §s 2047 C__ Nor Pac 63 2047 D._ Nor'n Pac 68 2047.___ North Sts Pw 414s '61 Nor'n St P 1st55'41 A. Ohio Edison 4s '65 On: Trans 1st 55 '45._. Ore RR & N 4546 _ Ore Sh Line 5s 46 Ore W RR&N 4s 6 Otis Steel 6541 PacG & E 4s Pac G & i bs ‘42 Pac T&T rf3%s" Pac T&T 1Ist os Pa t Pic 6s 6. Park-Lx 613s Parmelee 65 44 Penn Dixie C 63 41 Penn P & L 4%s '8 133%s 70 Penn RR 48 63 ___ Penn RR 44881 D__ Penn RE 41,844 ___ Penn RR con . %s 60 | Penn RR gn 41z8 65_ Penn RR db 4%s 70_ Penn RR gen bs 68 Peo G L&C rf 68 47 Pere Marq 1st 4s ‘56 Pere Marq 43s 80 Pere Marg lst 63 °56 | Phila R&W ¢ Phila Co 63 6 Phila El Co 45’71 Phila & R C&1 6873 _. Phlh&fll‘&l fis 49 Pltts&W Va 4155°60C Port AC&D 6853 A_. PriGen El 448 60 Porto Rico A T 6s'42. Postal Tel & C bs 53 Pure O1l 4%s 50 ww. Purity Bak 5s 48 ____ Reading Jer C 48 ‘51_. Reading R 4343 97 A Rem Rand 4% Republic St ¢} Republic Stl 4 Republic Stl 6% Revere Cop 41,8 ‘56 __ Richtield O11 6s 44 Richfieid O 63 ‘34 cfs | Rutland Can 4s 4y ___ | StJo Ry LT&P 5537 St L IM&S R&G 48°33 StL P&ENW bs 43 St LS Fran 4145 7 StL-SF 48 ct st StLS Wistas'sy __ St L SW 1st ter 65'63. St PM&MM ex 4837 P M&M ext bs 43 _ n A&A Pass 48 IZ San An Pb S 6s 52 AL Seabd A Liref 4s'59__ Seabd A L rf 4s'59cfs. Seabd A Load) 6s '49__ Seabd A L 63 45 A __ Seabd A L 6s 45 cts__ Seabd A-Fl 6s'35Act._. Shell Un deb 3135 ‘51 Stlesitan Am 18 41 - Socony Vac 31 So Paccol 43 4 So Pacref 4e '65_. So Ry gen 43 56 A ___ So Ry 65 '94. So Ry gen 68 56... So Ry 633s 66 So Ry St D div 4851 S W Bell Tel 3145 '64. Staley A E4s'4¢ Studebaker cv 68 Swift & Co3%s 60 Tenn C&C 6s 44 B Lenn Cent 68 4 ‘Lenn El Pw 6347 A_. Texarkana 6%s ‘50 Tex Corpev 68 44_ Tex & Pac 5817 B. Tex & Pac b8 ‘79 Tex & Pac 55 '80 D Tex&Pac 18t bs 2v Third Av ret 4s ‘60 _ Third Av 18t 58 37 Third A ad 1n ex 65'60 Tol St L&W 48 °50___ Un Pac 1st 48 '47__. United Biscuit 65 50_ Untt Drug bs '63 Higsh Low. 31% 107% 108% 108‘h 60° 102% - 106 . 114 124 £ 3 % 'y 104% 24y 25% 1084, 107, 46" 108 103 U S Pipe Fdry 3%s "46 1093, U S Rubber b8 Univ Plpe & R Utah L&1 bs 44 A Utah P&L 68 44 ____ Util P&L 68 69 ww... Ul P&L 6% 47____ Vanadium cv 5s°41__. Va &P st ret 4555 Va Ry 1st 3%8'66 A_. Avabash 4148 78 Wabash 1st 68 ‘39 Wabasn 5876 B Walker H&S 43845 Warner Bros cv 6839 Warren Br 6s ‘41 rcts Wash Term 3% s 45_. Wash W P 1st os ‘39 W Pa P 1st 6863 E__ W Sh 1st4s2061 gtd. Wnl!'n Pac 6546A as t'n Un ¢%8°60.__ White Sew M g W Sp Sti con 1836 et W Sp Stl 1st 7836 ct. Wilkes B&E 1st 68'42 Wilson & Co 48 'lib Y'ngst'n S&T 3338’51, YngstnS&T 4561.. Youngtn S&T 58708 o 107 % 9944 106% 106's 106% 31% 31 31% 31% 31 9% 914 110 103 Sl% 314 31% 31% 31 o8, 914 1104 103 102% 1028, 104% 104% 9244 874 9T% an 106% 1143 1241 108% 79% 10115 104 109! 100% 113% 921 8% 106% 107% 98% 98 Farmers of Great Britain are buying more American tractors. | to Fall | weather over the Middle West.” | moderate: | steady Bermudas_ U | unbroken SUMMER DECLINE WILL BE DELAYED National City Review Sees Pace Holding Better Than Expected. By tne Assoclated Press. NEW YORK, July 3.—There are many indications that the expected Summer recessicn in industrial activ- ity will not become pronounced until automobile factories begin to curtail in preparation for the change to new models, the monthly business survey of the National City Bank said today. In most industries production and sales have held up better than ex- pected, according to the review. Citing gains in production and re- tail and wholesale distribution, the letter declares that “reports of this kind indicate that the upswing, though it has been ruaning 12 months, with only a moderate recession last Winter, gives no sign of running down of itself, other than the seasohal in- terruptions already meationed. “The country is working below its productive capacity, and people still have wants unsatisfied, and if the recovery is kept moving with all the elements in balance and without in- terference it can go on indefinitely.” In the proposed drive to unionize | the steel workers, the review sees| possibilities of “waste and strife of a great industrial disturbance.” It adds | that “a second possibility of a setback | trade is seen in the dry Washington Produce BUTTER—Raner of prices in_stores gathered from wholesale dealers (prices to nearby shippers based on Philadeiphia and One-pound prints, car- '4-pound prints. @0 score)! tubs (92 score), (@0 score. LIVE STOCK —Pigs 10al0is: mediums 10! 10%3: roushs, 5a8'z; #5810 8i03, calves, light ho; heavier 529. lambs, s paid shippers, net fob. Wash- by ‘tie United States Bureau of ral Economics EGGS-— Mar ket on nearby ung ely receipts mode (u bringing top auot s few at 16a17. ! Fruits and Vezetables in large lots by orisinal receivers CANTALOUPS — O Sales | up_ta California arri unbroken cars on o heavy: demand mndP'AlE “Zourh Carolma* 26 on_ Meats nlndlrd!, cra'u all cariot arrivals: five Ken cars on tri WATERMELONS No *carlot atrivals: | five broken and one unbroken cars on | Supplies moderate: demand slow steady. Grorgi ) Tom Watsons A0.00a63 001 2.00, 2.1583 00, few CARROTS—No _carlot _arrivals: one | broken car on track. Supolies light: de- | moderate: market steady. Califor- Western lettuce crates. bunched. als: no cars on moderate: _de- v, South Car 1 m‘\ nearby sec- TTUCE ~One. Callfortia arrived: s broken and two unbroken cars on_track Supnlies moderate: demand cood: market steady. California Western crates Ice- bere ivpe. 5 3 O ONION:! and one Te Texas arrived . one broken TOKen cars on track. Supolies demand moderate. market | Texas 50-vound sacks Yellow | S commercial. 1 EACHES—One Georgia_ a car on track Supp! demand mnflrrue market steady. Carolina_ i>-bushel baskets Hileys, No 134-] lnth minimum. 1.25al.50: fair tion 1.00a1.10; i>-bushel baskets *_Rose U. 8. No. 1. 2-inch minimum. ushel baskets. Early Rose. U. S. 2-inch minimim . 1.00a1.15; few 1a-bushel baskets Hileys. 8 134-inch mmxmum 1¢25a1.50: fair Condux n. _1.00: bushels, 2 mint- mum. ouat s LIMA BEA! S—§nbnhf( moderate mand_ light: mark Lina. bushel hampess, dition ‘BLACK BERRIES—Supolies mand moderate. market steady H‘ uart crates. wide range ln 0083.00 Der crate. RASPBERRIES—Summ(s mand light: market duli de- North Caro- .00 fair con- liberal: de- W Jer- 1l BFYII de- Red- Su'n“n'x'x'ev” Saer d s moderat ORANGES “One Californi car diverted: (hree_ broken and five wn Broken' ears ond(ruk Caiifornia S0ad 50, according to gra erl‘ MONE — i 5 c ‘fl ar.0u Rcdcam SIS cy. BLDEBERRXES—Q ta. New Jersey. 25 a35: Florida. 15a20. CABBAGE_—No carlot arrivals: one bro- ken car on tr PEASTwo Washington arrived: broken cars on track PLUMS AND FRESH PRUNES—No car- lot_arrivals: one broken car on track. BANANAS—Four cars arrived: four un- brnkenfl_g on track. L. C. L. Express Arrivals, Florida. 24 Jugs avocados. 28 lugs limes, 35 24-quart crates blueberries, 42 bushel baskets okra. 48 bushel baskets Deppers: Galifornia, lugs avocados: North 44 Diehel batkers clcumbers. crates huckleberries. i 55 bush loupes. 127 bushel baskets cuc_umbers 55 bushel baskets lima beans. 25 Ja-bushel baskets peaches, 82 bushel baskets ‘,nuaxh -quart crates huckle- nia. 180 3-pound bas- kets mushrooms: unknnwn origin, 15 crates mixed vegetables. FOREIGN MARKETS. LONDON. July 3 (#.—Irregularity pre- vailed in today’s quiet session of the stock market dule to, ihe absence of supporting jority of s feell™ olis and dltmllnl shares. weakened. while nd French bonds moved huher 'n'-m-Atl-nuc sw:kl re- mained quie! PARIS: —"”M'"mio caused Prench s in Norin Africa ay well as the R partly affected Industris and international irregul 1y, coal issues being weak exceptions. HONTREAL SILVER. . —Sllver futures !not too much to say that the chief |tion of materials, &, | accessories. | the low of 1933), | activity, the letter concludes, | will | funds.” |in the second quarter of this year, | for those publicly financed. s | ing needs were well satisfied. But for two | Q) 1y, Sab‘ ‘)ec’ermber? 14 75b. A omed nu‘d: FRIDAY, JULY 3, 1936. Briggs Is Elected New President Of Pathe Film Corp. Ey tne Associated Press. NEW YORK, July 3.—Pathe Film Corp. announced today the election of O. Henry Briggs as president, suc- ceeding Frank F. Kolbe, who remains chairman of the board. For several years Briggs has been with Du Pont Film Manufacturing Corp., in which Pathe has a large in- terest, as sales manager. Pathe's principal operaticns con- sist v developing and printing motion picture films. Its motion picture pro- ducing and distributing interests were transferred to Grand National Films, Inc., organized last April. BUILDING LIKELY T0 ASSUME LEAD Need for Housing Hailed as Powerful Force to Speed Recovery. BY J. G. DONLEY. €rectal Dispatch to The Star NEW YORK, July 3. —Without ben- | efit of statistics, the general knowledge | | that we have stinted on new residential | construction during the depression | | years points to a need for housing | | which will become more and more pressing as people get the wherewithal to rent, buy or build homes of their own. Everybody also knows that rents are rising and that income return or rental values of residential real estate cannot rise without a corresponding increase in the desirability of home ownership. In other words, the real estate cycle has turned upward and the only ques- tion that remains to be answered is| how scon building operations will get|® back to prosperous proportions. “Look- ing ahead.” says the July letter of the | National City Bank of New York, “it is hope of further business gains in 1937 rests with building.” 3,000,000 Employed. One of the Nation's largest indus- tries, the building business, in 1930, employed 3,000,000 workers in direct construction alone, which takes no ac- unt of those employed in the produc- supplies, tools and And the bank points out | that it is also one of the few indus- tries which are still severely depressed. “Estimating the 1936 figures,” says the | letter, “it has recovered one-fourth of | the loss (from pre-depression high to | but the total this year will be perhaps 60 per cent below the peak.” The rapidity of recovery in building “will de- i pend upon general economic condi- | | tions. but as people regain purchasing | power and satisfy needs which they | have considered more pressing. !heyI want more homes and better | ones.” Detroit is an example of the| influence of industrial improvement upon real estate. With employment high in the motor industry, rents for | moderate priced homes have risen | sharply and a scarcity has developed. i Private Enterprise Gains. SGmermng that has escaped general notice is “the rising importance of private enterprise in construction, and the diminishing part played by public | In 1934, public money was | supporting 63.2 per cent of construc- tion, and private enterprise only 36.8 per cent. But the preponderance swung to the side of private enterprise with projects so financed accounting for 54.0 per cent, against 46.0 per cent Pointing to the obvious favorable | implications of increasing use of pri- vate funds. the bank comments that “public building for the most part | lays a burden on the taxpayer, and, in some cases, competes upon a sub- sidized basis with private construction. | ° Moreover, it is a strain on public bud- | ; n gets.” At the start of the depression hous- the past six years populaticn has been increasing faster than housing facili- ties. Only 22,000 residential units were built in 1934 and 56.000 in 1935, | as compared with the peak of 491,000 in 1925, (Copyright. 1936.) DIVIDENDS ANNOUNCED NEW YORK. July 3 —Dividends de- ¢lared (prepared by the Standard Statistics | Raymd Conc P $3 wx. Sundstrand Mach Tuns-Sol Lamp Wks -80 cv pfd- 20c @ Extra 25¢c Outlet Co __ Accumulated. Eng Pub Svc $5 p-$4.80 .. pf.__ 8440 ' | June 1, | the next eight weeks. | 1935 FINANCIAL. INDUSTRY FORGES STEADILY AHEAD Factory Output Maintains Levels Equal to 1923- 1925 Average. Srectal Dispatch to The Star. NEW YORK, July 3 —It should be with considerable satisfaction that business reviews the first half of 1936, according to Business Week today. Manufacturing output has been main- tained at a high level averaging 100 per cent of the 1923-1925 average. Mineral production has been equally high. Both are at the best levels since 1930. Agriculture also is headed back to 1930 levels. Railroads stand a good chance to beat the 1931 freight shipments and earnings totals. The eagerness with | which new equipment is now being purchased reflects the improved pros- | pects of the carriers. | Even the utilities which have smarted under stringent regulations have no doubt been surprised at the unusual strength of electric power de- mand this Summer. Nor havg whole- sale and retail trade, advertising, and | financial centers reason to complain of their lot this year. A number of mail-order houses and other national | | distributors have broken all rt(‘urd.sl | in sales in the past six months. Heavy Industries Recover. The heavy industries hardest hit in | the late depression have evinced pa | | ticularly strong recuperative powers | Agricultural implements, | this year. machine-tool orders, rail equipment, and construction have all made big strides over last year. Employment | and pay rolls in the durable goods | industries have veered sharply up- ward. The last-minute rush to get orders | on the books before third-quarter prices went into effect and perhaps, | in some cases, to be prepared for any strike eventualities, forced the steel operating rate up to 74 per cent of capacity, a new high since May, 1930. ‘This probably represents the peak of the Spring season, and is at least 10 o 15 points higher than most trade observers expected earlier this year. | July may see a gradual decline in steel operations as orders now on the books are worked off. | Last week's buying of railroad equipment was the second best this vear. Steel reports awards of 4.720 freight cars, 1,000 steel underframes, and six passenger locomotives. On class 1 roads had more freight cars on order than on any | June 1 since 1930. Auto Pace Slows. Motor assemblies have dipped below the 100,000-cars-a-week line, and will probably continue to shrink slowly in | July output may be on the par with a year ago when 350,054 cars were produced in United States and Canadian plants. By the end of August, work on the 1936 line should be completed and work on the 1937 line begun. Pressure for the newest and fastest mode of travel is taxing facilities of airlines. May domestic airline pas- sengers set a new high with 96.368. Mileage flown also set a new recorc The Advertising Federation of America selected ® period when all ad\!rusmg curves are upward to cele- brate the silver jubilee of truth in adverflsing this week. The bonus dis- tribution gave newspaper lineage al special boost last week, and the first 1 five months were more than 7 per | cent ahead of the same period of | Magazine lineage in the same | months was up over 9 per cent, reach- | ing the best levels since 1931. Radio | companies report diverse trends, with | a net gain for the joint results. | CHICAGO LIVE STOCK are top, 11110 10.80a11.00° ey 15 lower: de. er © Jow-giade cow all k selects 05 5,000 mcluding medtum. Hahos lightly_sorted most " fat_ewe: standing Westerns NEW YORK PRODUCE. arNEW YORK. July 3 (P —Ecas 16766 comme and : mediums. 40 pound ds, 21%2; utte: th extra 3115 firsts o tralized (80 score). Cheese. 117.054: firm. Prices unchanzed vers weak By ireis and Rocks:. 1% Height: prices Gther "in- changed. NEW YORK BAR SILVER. NEW YORK, July 3 (#).—Bar silver steady and unchanged at 44%. This market will be closed tomorrow. Allesh v Bk (Pit)_$ Am Gen Equities Atlas Powder Co pf_§ Cent Atz LEP §7 pi-31 2% 0. St Cnnmm Eltclnc Do. 3 @ 00 000 © wo! | POOOLOA 1st pf gm‘mlsog LF]]P - ockland Lt Sol - Ar\]unlccoll: Products Phillips-Jones Co of $1 —_— CHICAGO PRODUCE. CHICAGO. July 3 . —B\mer. frm. brices unchanged. Eggs extra firsts loc: Tresh sraded firsts, local. current receipts. 19'2; 1 (l“ younl lfll ducks AL unun o ored, 10%a; young geese. 15 i ook ra 'Jn".!d Slll!s shlnmzms supplies modera: early 8 fater trading fair at jower price per hundredweight, Missour Cobbler No. 1, and partly‘sraded. best 1ai condition, s 20: Kanens Cobblers, U. partly graded. andconditio; 25: North Carolin ‘Conblers U8, Mo Bliss Triumphs, U. 8. am. ot " dualits. Virg} cobb!en 240; fair auality, 200." Ar; kansas Bl umphs, quality and " 1 ifornia ~White d parily graded. 2.758 2.90; poor quality. 2.20; very small, 1.50. PHILADELPHIA PRODUCE. HMD‘LFHXA July 3 P.—Live poul- Plxmnuth Rocks. fancy. 23: Leghorns. 18al9: Blymouth s. Plymouth : Rh *%% A—11 U. 8. TREASURY POSITION. BY tne Associated Press. The Dositi he Treasury Ju Receipt R 5 odor, the fiscal vear itures. $17.403 emerge showed a credit of $1 enditures oy ppa-520 excess of aross debt 5448 an increase of $4.154 30 the previous day. gold assets 701 291.14 1 F‘%R INVESTMENT 7 First Mortgage /2 /0 Eriste Notes, well cured on mew constructed and pi ned Washington dwellings and small business properties, We have funds svailable for Iul s firl thlnllon and Maryland an Prom l“tn(l.n to .Inllelnon' llrunnlb]e rnm 551 BRADLEY. BEALL & C. Members Mortgage Haflktrl' ll!oe ation lflb“lh!fl' Amen;lu et ears. UriErY SGiDING. Money for Construction Loans and Loans on Improved Properties (/A 2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Successor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. % Your Money Invested Here Will Earn For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Pavments MEIMBER BUILDING & LOAN As30CiaTIoN Councit of O.C. NATIC IONAL arnent auu.nmc- L TN SHBER SuReRviSon U8, TREASURY 949 IflN‘l’ 'H STREET, NW. Save here where your saving$ are INSURED | Each month save a little ora lot 3 Sy %,\ booklet. . . c« \s/ Q’ An’Insured Institution John L. Weaver, President Edward K. Jones, Secretary Washington Bldg. Phone DI. 9486 YOUR MORTGAGE LOAN!... finance Plan cuts your in how our Mortgage Re~ terest costs and enables you to rearrange your principal payments on a more convenient basis . in the District, nearby Mortgage Loan WASHINGTON BUILDI H Whit! Rocks. 2. S0 Sorings. 10a21. Dressed poultry. fresh killed. Western. in boxes, We have ample funds for Mortgage Loans—large or small. For nearly fifty years we have served builders and owners Maryland and Virginia. WEAVER O’ INC REALTORS Correspondent Metropolitan Life Insurance Company