Evening Star Newspaper, July 5, 1936, Page 51

THE_SUNDAY STAR. WASHINGTON, D. €, JULY 5, 1936—PART FIVE. FINANCIAL. G—3 SUMMARY OF BONDS ON THE NEW YORK STOCK EXCHANGE WEEK ENDING SATURDAY, JULY 4, 1936, 1936 U.'S. GOVERNMENT BONDS. 108" 106" TREASURY BONDS. FINANCIAL FIRMNESS SHOWN BY BOND MARKET 2980 High ww Chi& N W 4%s'49 ... 17 615 43 ChlI&N W 6% 16 ChiR1&P r |§I~s Net Low Close. Cage 1064 + 34 108 105% 106 107% Hish Low. 13% High 106% 34% 108 105% 106% 108% h 87% 1056 288 102% 92% 28% By the Associated Press. NEW YORK, July 4—Tabloid re- view of business reported by Dun & Bradstreet. Inc., in the four divisions of wholesale and jobbing, retail trade, manufacturing and industry and col- | Vanadium cv 6541 Va Railway 3% Wabash 43878 o Western Md 6%s 17 Western Pacific 5546 A Western Union 41s ‘50 Western Union bs ‘38 . Western Union Western Union bs 103% 105 2 2g 101% 102% 92% 92% — % 27% 27T% -1% 44 32% 108 103 107 105 10674 103% 109 104 Net High. Low Close Chge 10325 10319 10825 +.7 10130 10122 10130 +.8 1018 101 101 8 201 22% 11% 112 108% Chi Unlon Station 4s'63 Wabash 58 76 B caeee.. + Standard Investment Issues in Striking Distance of Ten-Year Peaks. By the Associated Press. NEW YORK, July 4AExn€mely firm conditions prevailed in the listed | bond market the past week with stand- ard investment ratings rallying enough to bring them within striking dis- | tance of the highest levels in a der- ade. Money conditions remained easy and the comparatively small amount of new financing appearing during the week left the investment market al- most wholly dependent upon existing obligations as a means of putting funds to work. After some hesitation at the start | of the period, Polish government bonds, | which had claimed major interest a week ecarlier by collapsing suddenly when the government announced serv- ice funds would be temporarily held up, rallied briskly and contributed im- portantly to the advance in the As- sociated Press average of 10 foreign bonds from a low of 67.9 to 68.8. The averages of the four domestic groups used in the compilation were mostly higher. The rail group got up to 93.3, but settled back a shade; the utilities and industrials each ad- vanced and the low-yield ground bounded up to 111.8, or within 0.3 of & point of its all-time high at 112.2. New financing for the week was less than $100,000,000. l)r()uaht (Continued From F1r<! Page) corporation had gross sales of $8' 244.368. On this total, it earned $23.- 734,041, or 272 cents on each dollar received. In the previous year, gross sales were $30,000,000 less, but net earnings $523,000 more. unit then was 287 cents to the dollar. In 1933, it was 3.84 cents per dollar. Thus, in four years, unit profit has dropped about 30 per cent. But the annual turnover has increased factor in the success 6f a small unit profit corporation is its ability to carry a large inventory accumulated cn the best of cash terms. The figures of $72.514.781 of merchandise held at ihe end of last February and of cash and Government securities aggregating $88,500,000, in the A. & P. balance sheet. therefore, are illuminating. In the last fiscal year, the average price of stocks advanced 32 points. Of this. about one-third must be credited to the months of May and June. The new fiscal year begins with the aver- age only a little below that of the best since 1931. The market this week has not been influenced to any extent by the presidential campaign. There is £till the popular notion that business will survive, whatever its outcome. (Ccpyright, 1936, by the North American Newspaper Alliance, Inc.) LIVERPOOL GRAIN By the Asocated Press. LIVERPOOL, July 4—Wheat fu- tures were firm today, closing from 1 to 2 pence higher. Prices advanced mainly on the un- expected strength in Friday’s Winni- peg market and short covering. Conflicting weather reports, especial- | Iy private cables. which said there were no signs of general relief in drought sections, had a stimulating effect. October closed at 6 shillings 2 pence and December was quoted at 6 shillings 17 pence Futures closed firm: todny ( lower, traging. July October. Nti. and December,’ Ktil2 Futures on oats were 's lower to s higher late in the session. with trading featureless tremely quiet e Fourth of July holiday closing t operations rmr.m aal cent After early profi pressed values 1 cent a bushel. offerings were light and the marke had little dif- ficulty in_recovering 5 There vas good demand for barley. 2- cent gains being reported at one time un- der the influence of export and investment demand o COTTON STATEMENT NEW ORLEANS. July 4 (7). —Secretary Plauche's New Orleans Cotton Exchange weekly statement_showed that the amount brought into sight during the past week bas been 57.035 bales, against 6,042 last “bales vear before last of July it his been 3 ast year and nm-u vear before las F The movement <mlp August first_shows cceipts at ail United States ports 7011 4.414.875 last year and 7.- r b-!mr last: overland ntm\\ The Miseiteimpt “Ohio and_Potomac 1o Northern mills, s last: interior hose held at’ the close of 2.149. azainst 1 1 vear before last stocks the commer- 0 last vear Soutnern mill fakines net 5012000 azainst : Ja et and A 410 0 year before last 1 movement 2 year before last for " the week have been making G074 an in- 000 Tast vear fo- the season, 000, 000 last vear. crease of 1 \vormd sDina eotton during against 239,000 year and 211.000 year before last. distribited as follows North and Canada. 30.000. against 20.- 000 last_year and 24.000 year before last: Bouth, R1.000, azainst S8.000 last vear Boathin.000 sear before Iast: foreign clusive of Canada and the Orient against 50.000 last year and R of American 208,000, takings week were The profit | Al ; | cording to the Foreign Bond Asso- lections this week compared with the corresponding period last year. Active | (A), fair (F) means equal to, good | (G) above, quiet (Q), slow (S) below last year. Who. Ret. Mfg. Col. Baltimore Indianapolis . Kansas City. Louisville - Pittsburgh St. Louis. Toledo - Youngstown .____ Comment: | BALTIMORE.—Retail trade made a ‘Iunher gain during the week, sales | | risirig 15 to 18 per cent over the 1935 | total. Practically all Summer lines | shared in upward movement. Whole- sale markets active, with Fall buying |off to good start. Industrial opera- tions increased moderately, contrary to seasonal trend. Employment up about 5 per cent from last year's total. | CHICAGO.—Heat wave stimulated | retail buying so strongly that a short- age developed in some Summer goods. Sales advanced 18 to 20 per cent over 1935 comparative. Despite drop in orders from drought districts and grasshopper-infested areas, wholesale volume. reached a new six-year high for pericd. Steel rate unchanged at il per cent of capacity. Industrial | employment edged upwards. 1 CLEVELAND.—Although spending | | 0AQQQQQAQQQ0Q e e o HRHQAQQAMQQ Q of bonus money still was restricted, | retail sales went 10 to 12 per cent | ahead of last year. Wholesale orders | down for week due to growing severity of drought; estimated crop yield under | 10-year average. Steel rate continued | at 82 per cent of capacity, highest for period since 1930. Interest rates on| bank deposits reduced ': per cent starting July 1 DETROIT.—Industrial activity about at previous week’s high level, despite | reduction in automobile assemblies to 99,695 from 100.733 units: 1935 com- parative output 73,037 units. June re- | tail automobile sales increased over May total of 405.000. Bonus money | and ideal shopping weather advanced retail sales 12 to 15 per cent over last vear. Wholesale volume up 18 to 20 per cent. | INDIANAPOLIS —Retail sales about even with the preceding week, but | last year's total was exceded by 10 to (15 per cent. Wholesale orders up 8 to 11 per cent for week and 20 to 25 per cent from 1935 period, with hardware leading. June automobile sales largest for any month since 1929. Lack of rain detrimental to all crops. Indus- trial operations continued active. KANSAS CITY.—Despite the hot weather, retail sales expanded mod- | erately during the week. going 5 to 8| | per cent over 1935 total. Reorders for Summer goods and more Fall buy- | | ing lifted wholesale volume 15 to 20 | per cent over last year. Only small damage from drought in this district; rain needed urgently in Western Kan- | sas. Wheat receipts heavy; prices | ‘ higher than last Summer. | LOUISVILLE. — Favorable weather weather and veterans' bonus cash | combined to raise week's retail sales to | one of the largest since 1930. Chief | gains in new and used automobiles, | furniture, radios, and household ap- | pliances. Sharp revival in Summer apparel demand. Fall wholesale buy- ing well under way. Crops in most sections in good shape; hot weather | reduced yields of some products. | PITTSBURGH.—Steel operations re- | duced to 64 per cent of capacity from | 67 for the two preceding weeks: the comparative 1933 rate was at 30 per cent. Tin plate mills practically at capacity. Index of business activity at 91 per cent of normal, the best weekly level in 68 months. Moderate drop left retail sales 10 to 15 per cent ahead of last year. ST. LOUIS.—Slowness in cashing bonus bonds prevented immediate re- lease of money into business, but re- | tail sales were up 3 to 5 per cent ror‘ week and 9 to 12 per cent from year | ago. Wholesale volume 10 to 15 per | cent over 1935. Automobile sales | close to high for year. Industrial operations above comparative 1935 level by 20 to 25 per cent. Further improvement in building activity. TOLEDO.—Despite recent curtail- ment, production in automotive in- | dustry 15 to 20 per cent larger than | during comparative first half of 1935. | Machine, die and tool shops near ca- pacity. Retail sales up 15 per cent for week to better 1935 total by 20 to | 25 per cent. Wholesale volume 6 to | 10 per cent ahead of last year. Lug- | gage wholesalers booking best busi- ness since 1929. YOUNGSTOWN. — Distribution of bonus checks helped to broaden retail sales 5 to 8 per cent for week and 15 to 18 per cent over 1935 compara- tive. Less than seasonal decline in | manufacturing operations. Steel pro- duction off 2 péint to 77 pér cent of capacity, which compared with 32 in 1935, with 53 in 1934, with 56 in 1933, | | and with 21 per cent of capacity for | | the corresponding 1933 week. FOREIGN BONDS SCORE ' GAIN DURING JUNE Srecia: Dispatch to The Star. | NEW YORK, July 4—Foreign dol- | | lar bonds advanced during June. ac- | ciates, Inc. Index of 50 representative 278 1955-80 27%5 1955-60 reg . 35194648 _ 1029 101 31 10513 104 15 106 5 10531 108 29 107 23 108 16 109 108 14 11112 113 4 108 99 21 102 29 102 20 103 24 103 19 2 1085 10512 1946-49 . 3l 1949-52 3%s 1941 818 1944-46 _ 3'»'! 41-43 March 39:81943-47 3%s1946-56 451944-54 4%8-3%s 43-45 415 1947-52 102 101 31 1057 104 7 105 30 105 26 108 26 10717 108 12 108 28 10811 s 11228 107 26 11726 11721 * L 1028 10131 10513 104 16 106 5 105 31 108 29 107 23 108 16 108 31 10% 14 1112 1134 108 117 26 PRI IANE S b e N wan 4 FEDERAL FARM MORTGAGE BONDS. 710015 10120 3 100 26 3s 1949 B 103 5 10220 3% s 1964 ~ 103 14 104 20 10212 1025 3 23 103 14 103 23 10223 1033 10412 1043 102 12 444+ nuno 10412 HOME OWNERS’' LOAN BONDS. 101 29 10129 1037 9917 218194244 _ L9116 2% S 1939-49 10017 381962 ... ... FOREIGN BONDS. High. b2'y 1936 Abitibl P & P 5s 53 Akershus 55 63 Antiquia 7s 45 A Argentine 5%s ‘62 Argentine 6357 A a2 Argentine 6s 4 Argentine 6s Argentine 6s Argentine 6s Argentine 65 '61 May _ Australia 4158 56 Australia bs Australia 5s 5 Austrian 7s 67 Belgium 6s '55 Belgium 64s 49 Belglum 75 '55 3 Belgium 7s ‘56 Berlin City El 614551 Berlin City El 6%s'59 Brazil 615s 1926-57 Brazil 618 1927-57_ Brazil 8s 41 Buenos A 6s'61 Pv stpd_ Buenos A6%s'61Pv stpd an nos A 41,8-4%3s 3 '76 Aug (Pr) Buenos A 413s-1%s (rr) 1041 90% 101% 105% 258 698, T0% Canada 4s 60 4 Canada 5s 52 Chile 6= ‘60 Chile 6s fil Sept. Chile 6s 63 Chile Mtg Bk 6s 61 Chile Mtg Bk 6% 2 Chile Mtg Bk 635 61_. Chilean Mun L 7s 60 Colombiu 6s'61 Jan_ Colombia 6s 61 Oct Copenhagen 412853 s Copenhagen 6s ‘52 Copenhagen Tel 5= ‘54 34y, Costa Rica 7s '3 601 105 991, 1021 10612 1043, 190 Cuba hies 45 2 Czechoslovakia 8 Denmark 418 62 Denmark 5%s ‘55 Denmark 6s 42 _ Finland 6158 56 French 1s 4% : French 715 41 German Bank 6s 38 Ger C Az Bk 6= 60 July Ger C Az Bk 6s 60 Oct_ Ger Con Ag 6= '58._ German 5%s 65 German Rep 7s G‘J Italy 7s ‘51 Italy Crd P W 78 '47_ italy P U Credit 7s ‘52 Japan 5%s 65 Japan 61es 54 Kreus&Toll 5s'59 cfs A Milan 6852 = New Sou Wales 58 '57.. New Sou Wales 55 '58_ Nord Rwys 6148 5 Norway bs Norway Hy El 538 '67- Orient Dev 5‘&: ‘58 51— 37% 5% 10315 loa, 104y 103 8214 86% 104 151 16% 16% 19 RO1g 111% 96 287 102‘¢ T4 801 101% 120% 11% 11% 1 Paris Orl RY 5%s 68 Peru 6s ‘60 _ Peru 6s 61_ Peru 7s ‘59 Poland 6s '40_ Polané 7= 47_ Poland 8s 50 Prussia 6s 52 __ Queensland 6s 47 lll Queensland 7s ¢1._____ 112'; Rhinelbe Union 75 46 _ Rhine Ruhr 6s 53 Rhine West El P 68'53_ Rhine W E P 6s ‘55 ww Rome 61558 '52 : Sao Paulo State 7s 40 <68 24% 2415 K11y 881y Unit St1 Wks 61 Unit Stl1 Wks 615 Cruguay 6s 60 Uruguay 6s '64._. . Warsaw 78 '58 Westphalia El P 6s '53 24 Yokohama 6s°61 807 DOMESTIC BONDS. Alleghany Co bs 44 95 Alleghany Co 5s 49. 907 Alleghany Co 6= '50 _ T4%a Alleghany C'p 5850 std. 55! Allis-Chalmers 4s '45_._ 136% Am & For Pw 55 2030__. 79% Am1GChem6i%s°49__ 113 Am Internat 5%s 49 1053 Am Roll Mill 4% s 49 112% Am Tel & Tel 41353 113 Am Tel & Tel cl tr 5s 46 108% Am Tel & Tel db 65 '60_. 113 Am Tel & Tel 53 '65 Am Tel & Tel 6%s 43 Am Type Found 50 new Am Writ Pap 6s 47 Anaconda Cop 4128’50 Armour & Co 41¢s 39 Armour of Del ¢s ‘66 _ A T&S Fe adi 4s 95 stpd A T&S Fe gen 45’95 A T&S Fe 4%s 48 = Atlantic C L 1st 4s '52 Atlantic C L 4%s ‘64 _ Atl Coast Line s 45 __. Atlantic Ref deb 5s '37_ Baldwin Loco 5s 40_. B&O 1st4s 48 B&O4%s 60 O 1st bs 48 51 51 45'3 48y 3614 14315 118" 8315 6614 1171 1110 106% 101% 1348 112 11915 109% 110% 1071 114 112 114% 112 115 1125 117 107y 49 3214 105 991y 1051 10314 98% 94% 1131 1047 1152 110% 114 109 100% 95% 881 76 997 95% 1067 104% 107% 103 108 1024 RO 613, 11415 108 92 75 20 T4 90 T4% 5396 F ref 6s 2000 D 10114 1017 10114 1016 10224 10215 10224 101 14 101 14 Ft4 “as Net Low. Close. Chee. 2 o) 104 | 1101 | 104% 106% 99 108 105% 86% 173 1031 100'% 95 TRY 103 89 102% 95 109 100% 110% 105% fin'a 657 981y 481y 59% 99 984, 4 1101 2 46 10915 10634 106 103 61 494 6574 5515 1041 102% 1055 101 98 6 303 19 1051 104 10815 1075 106 103% 93 56 103% 100% 119t 109% 105 2915 113% 1074 105 967% 116 107%s 101 89 487 381 39% 263 X9 781 R4 64 8914 48 90 877 9 36% 65'% 901, 861, 918, 731 95 9 /6% 921, | 1091 10° 106'% 1 80 644 30% 21 581, 334 126 121% 977% 96 10315 99%m, 12215 118 133% 181 951 84 113 111% | 10914 10715 1047, 1028, 71 5815 103 100 108 104%, 101! | 105% lD Chi& W Ind cn 4s ‘62 . Chi & W Ind 6%s ‘62 Childs & Co deb 63 43 Chile Copper db 5s 47 _ CCC&StL4%s"ITE CCC¢StL6s'63D . Clev UnTerm 4%s'77 . Clev Un Term §s'73 B Clev Un Term 51,8 '12A Colon Ol 6s 38 Col Fuel & Ir 55’4 Col Ind col tr bs '3 Colo & Southern 41;8'80 Col G & E 5862 May .. Col G & E 58 61 Comel Invest 534849 Cons Coal of Del 5360 Cons Gas N Y 47 Cons Gas N Y 5 Cuba R R 1st 6552 Cuba North 5%s'42 Cumberland T&T 5s "27 Del & Hudson rf 4843 _ Del & Hudson 6 31 - Den & R G con 36 Den & RG Wsl'r-s Den & Rio G 53 ‘55 asst_ Den& RG Wrf 55’78 _ East Cuba Sug T%s Erie con 4s 968 Erie gen 4s "9 Erfe ref 68 '67.. Erieref 5s'75 Fla East Coast §s 74 Fla EC Ry 5s8'74 ctf Gen Cable 5%s 47 - Gen 'teel Cast 54s "49 Gen Tleater Eq 6s'40 __ Goodrich 6845 Goodrich 6%s 47 Goodvear Rubber bs Gould Coup 6840 Grand Trunk 6s°'36 __ Great Nor Ry 45 '46 G __ Great Nor Ry 4s'46 H__ Grt Nor Rrf 4561 A_ Great Nor 4%s'76 D Great Norgn5%s ‘52 B Harlem R-P C 1st 4s ‘54 Hudson Coal §s ‘62 Hudson & Man adj 68’57 Hudson & Man rf 53 '57. 111 Cent ref 4s "85 - 111 Cent 43866 Inter Rap Tran rf 6= 56 Inter Rap Tran 6s ‘32 Inter Rap Tran cv 7s '32 Inter R T ev 7s ‘32 ctfs. Inter Gr Nor adj 6s'52__ Inter Hvdro El 6544 _ Inter Mer Marine 6s "41. Inter Paper 65 °47 A Inter Tel & Tel 41:8°39 Inter Tel & Tel 418 Inter Tel & Tel s '55 2 Kan City South 3s 50 Kan City South 6s 50 _, Kan City Ter 1st 48 ‘60.. F\endnll bl Laclede 512s 60 D Lautaro Nitrate 6s'54 _ Lehigh Val con 4s 2003 l.izgett & Mvers 5s '51. Loew's 214846 Long Island ref 48'49 Lorillard(P)58 '51 _ Lorillard(P)7s "44 Louisiana & Ark 5s'69 Louisville GEE 6s ‘52 A Louisv&Nash uni 4s '40 McKesson & R §%s 50 Man Ry N Y con 4s "90 Market St Ry 75 '40 A __ Met Edison 4125 68 Mil El R&L 1st rf 55 '61 Mil El R&L &n rf 68 ‘71 M St P&S S M con 45 '38 Mo Kan & Tex 1st 45°90 Mo Kan & Tex 6862 A Mo Kan & Tex ad) 5s "67 Mo Pacific gen 4s 75 __ Mo Pacifierf 5565 A___ Mo Pacific 5877 F...... Mo Pacific 58'718 G. Mo Pacific 55 '80 H Mo Pacific 5581 1 Mo Pacific 5549 A _ Montana Power 53 43 Morris & Co 4%m'39 __ Morris & Es 4348’56 __. Nassau E] cn gtd ¢s. Nat Dist Prod 4%s "¢5. 3% Nat Steel 4s 65 NewJersP& L 4Ys 's New Orl PS 5852 A New Ori PS5s 55 B 3 NewOrl T& M 538 F4 | 105% 10214 | 107 | 106 101% 10314 85'% T4 1121 104% 1034 93 109 99% 12 107 106 1037 107 104 108'5 105 101 10474 102 1043 102 99 90 111'; 105% 111% 105, 114 109 9915 4| 120'5 115% + 1 10715 106 112% 10 106 103% 10815 1033, 3214 80% 413 109% 103 100'9 96% 108'; 106% 110 107 126 107 lom,ms 37 35% 13 6715 e 22 81 N Y Cent 33597 - N Y Central con 4598 __ N ¥ Cent ref 4158 2013 Cent rf 4145 2013 n Cent rf 552013 Cent conv 6s 44 __ Chi&St L 4%8'78 _ C&SILrf5%s'74 A hi & StL 6s 2 N MY NY = N ¥ NY NY ¥ NYC NYN VY N NY NY Y Y 2272 t&Wn gen 4s '55 1& W ref 4s 92 Railways inc 6s 65 el gen 4155 ‘39 Y W & Bgen 415546 Niaz Sh Md 56%s '50 Nort & W 1st cn 4s ‘86 _ North Am Co 68 ‘6 North Am Ed 6357 A_ North Am Ed 5s'69C.. North Am Ed 518 '63__ North Pacific 3s 2047 North Pacific 4 ¥ Y X b 4 199 3 N L\ N North Pacific 5s 2047 D North Pacific 6s 2047 North St P 1st 58 '41 A North St P 1st 6s 41 B Oreg Wash RR&N 4s'61 Otis Steel 1st 58 41 A _ Pacific Gas & E] 6s 42 Pacific T&T 1st 5s'37 Penn Dixie Cmt 65 41 Penn RR4%s'81D Penn RR44%s 84 E Penn R R gen 0%' 5 Penn R R 4%8'70 D Penn R R gen bs 68 Penn Pw & Lt 4%s " lx1. Philadelphia Co Phila Elec Co 457 Phila& RC& Ir Phila&Read C&l Port Gen Elec 48 60 Posta) Tel & Ca 5s ‘53 2 PubServE&G 48°7 '« Purity Bak 6s'48 _ Reading Jersey C 48 51 Reading 4%s 974 __ Rem-R'd 418’56 ww Republic Stl gen 4125’50 Republic Steel 5% 54 . Richfield Ofl Cal 6s 44 Richfield Oil 6s 44 ctfs R1Ark& L 1st 415534 StL 1 M&S R&G 4833 103'% 105% 8 (XN P WS 2EL —1‘1 110 . 1415 10215 121 106% 104 10515 104 80% 110 1031 10750 1112 1041 1041 107 1028 1025 FEEL 4| corresponding period last year. Wabash 5%s 2! Walworth 4 =i Warner Bros cv 6539 9 Warren Broscv 6s 41_. 6 West Shore 1st 4s 2361 9 1936 Sales— Low. Dividend Rate. 5“. Telautograph (60¢). 2 19 Texas Gulf Sui (2). 51 RR 9% Tex Pac Lana Trust 337a Thatcher (1) 59 Thatcher pf (3. 50). 8% The Fair__ 8'3 Thermold Co. 3% Third Avenu 23% Third Nat Isv as0c_ 24% Thompson P a3le 4% Thomuyson Starrett. 14% Tide Wat Asso 60c.. 52 Tide Water Ol (2) . 4 100% Tide Wat A O pf(6) 12% Timken-Detroit .__. 56 Timken R B (12) 11 Transamerica t40c 13% Spicer Mfg 508 14 115 83 292 e 63 Splegel-May-S(3) 20 21% Square D (B) (50c) 5 14 Stand Brands(s0c). 191 120% Stand Brands pf(7) 1 10 Stand Com Tobacco 5'x Stand Gas & E) (d) 9'3 Stand G&E $4 pf (d) 24% Stand GRE 36 pf(d) 61 % Stand G&E 37 pf(d) 351 2 Stand InvCorp..... 8 35% Stand O of Cal (11) 99 323, Stand Ofl of Ind(t1) es 25 Stand Oil of Kan __ 51% Stand Ofl of N J t1. 181 243% Starrett (L S) 1.40 1 65 Sterling I’'rod (3 80) 15 2%, Sterling Secur (A). 15 81a Sterling Secur pf _. 16'; Stewart Warn(50e) 14% Stone & Webster 'x Studebaker Corp Sun Of (11) _ 118 SunOfl pf (6) __ 27 Superheater (50c) 3 Superior U1l - 9%, Superior Steel _ _ 23 Sutherl'd Paper t1 20% Swift & Co (1) 281 Swift Int] Ltd (2) 1'x Symington (d) Symington A (4) Trans & Westn Afr_ Transue & W1ll 60c. 7' Tri-tontl Corp Tri-Cont) C pf (6) 47 Truax-Tra Coai. T's Truscon Steel 2215 20th Cent Fox Film 31% 20th Cen Fox pf 1% 8% Twin City R T 65% TwinCity R T of__ Ulen & Co 745 Und-Ell-Fish (3)__ 2513 Und-Ell-Fish p2 (1) 120s 38'; Union Bac&Pap (2) 61 71% Un Carb&Carb 2.40 95 207 Union 011 of Cal (1) + 108", Union Pacific (6) 16 90‘- Unton Pacific pf (4 16 31% ~ Un Tank Car (1.20) 7 324 20% Unitea Afrcraft 181 21 13 United Afr Lines vtc 48 283, 16!3 United Am Bosch _ 2 2812 241 [nited Bisc (1.60) 117 113 United Bisc pf (1) & 297, 22% Unit-Carr F(11.20) 7 824 68 United Carbon2.40 10 S 5% United Corp 97 404 United Corp pf(3 10% United Drug . .- 15 United Dywood (al) 13 93 United Dyew pf (7) 520s 413 United Eiec Coal 4 6615 United Fruit (3) 29 14% United Gas Lmp (1) 134 109 United Gaslpf(5). 31 6' United Paperb'd(d) 1 2 U S Distributing 3 10 US Distributing pf 290 13 US& For'nSecur._ 11 244 USFreight(1).._. & 385 664 30 70 338 T1% 4l 123, 24" 21% 14% 91 7 124 14 40 | 100 ¢ Western Md 1st 48 °52._ 100% 2914 3% 4's 93% 41 63 1 90% 100 9% 4, (Continued From Page 2.) Add 00. High. lmv Clo(ecnle 7 el Tt 67 3613 36% 42% 11 Gu 354 351 41's 44 Spicer Mfg pf (3)__ x 170s 5 443, 121 24N 4« 100% 4 41 9% 78 164 15% 12 112 T T 2% 2% 13 1214 15% 155 2Tl 26% 100% 124'; +1 10 112 29'% 3% 93% 63 103% 100% 1017% 99 102 99 -1 111% 106 - Y% 99% 98%. + m 107 104 Wheeling Steel 4% Wilson & Co 4s ‘56 Youngstn S&T 3 + \«{ Youngst" 90 1936 High Low Dividend Rate 110%; #0'; U S Gypsum (2) .. | 169% 160 U S Gypsum pf (7). 14% &% U S Hoffman % 59 331 U S Ind Alcohol (1) 6% US Leather vie ... 10% U S Leather(A)vtc. 71 US Leath pr pf vte 7% U S Realty & Imp. 16% U S Rubber __ - 47 U 8 Rubber 1st pf _ 467, 115% U S Steel __ U S Steel pf (2) U S Tobacco pf ( United Stores (A) United Stores pf $3 Univ Leaf Teb (13) Univ Leatr T pf (8) Univ Pic Ist pf Untv Pipe&Rad (d) Univ P&R pf (d) Udl Pwr & Lt (A) . Vadsco Sales Corp.. Vanadium Corp Van Raalte (1) Vick Chem (12) Va-Car Chemical Va Car Chem 6% pf Va El & Pwr pf (6) Virginta Ry of (6). 45 +11 | 86 70'% Vulean Detin (a4)_ 50'5+10% | 4'2 2% Wabash (d) .. 3 | Wabash pf A (d). 37% Wabash pf B (d) .. Waldorf Syst (80c) Walgreen Co ((2) Walgreen pf (635) 4 Walker (H) (2) ___ Walker (H) pf (1) Walworth Ce.__ Ward Baking (A) Ward Baking (B) Ward Baking pf(3) Warner Bros Plc_ 2 W -Quin (d)__. Warren Bros _ _ Warren FAry&P (1) Waukesha M (160¢) Webster Eisenlohr Wesson Q&S 150c) Wesson O&S pf (4) West Pa Elec (7)A West Pa Elec pf(6) West Pa Eiec pf(7) West Pa Pwr pf(6) West Pa Pwr pf(7) Western Maryland Western Western Pacific pf_ : West Union (a2) __ West'gh'se A B (1) Westingh'se El (4) West'g'se 1st pf 3% Weston EI | (a25¢) Weston Elec (2) A Westvaco Chlo 140c Wheading Steel Wheeling Stl pf 32 White Motor ___ White Rk M S(1.40) White Sewing Mch_ White Sew Mch pf _ Wilcox Oll & Gas_ . Wilson & Co (50¢) - Wilson & Co pf (6). Woolworth (2.40) . Worthington Pump Worth Pump pf(4) Worth Pump pf(B) Wright Aero __ Wrigiey W ir (13)_ Yale & Towne (60c) Yellow Truck Yellow Truck pf._ Young Sp& W (3) Youngstn Sheet & T 11' Zenith Radlo o= 57 Zonite Products . 138, 225, 49'; 70 24'9 15% - % + %/ 114 109 126 1142 8% +1% 18% +3% -yl =7 9% -1 .‘4 + %l 116 111% 1221 1162 12% FEXFESLIN 138 275 9% T 25 — & | declarations 121 — 1 155 | not _inciuding extras | vear b Paid last year. 26% — | 26% — % | or being reorzanized. xEX Western Union 6%s ' 100 100% 101% 1081 99% Youngstown Sui 6810 B 106% 100% 100% 101% 1075 98% — 106 P41 1410440 ARY Bales— Add 00 High. 17 100 1608 13% 21'; USPipe & F (1%).x 61 79% U S Sm & Ref (a8)_x 56 6812 U S Sm&R pf (!%) ». & 941 59 208 54 1 11 1008 sUnit of trading less than 100 shares. iAccumulated d d Companies rel dividend dends. rted in receiversh: Net. Close.Chge. 99 +1 Low. 97% 108 —1% 83 -1y 4% + & 88 — % 28% - ¥ 73 -1 81 -1 73 +1% 59% —2u 125 -2% 5 166% +1v 5% — 3 725 1Y 1% 159 99 41y -1 1 4 -1 131 420 60% 24% B Dividend rates as given in the above table are the annua cash payments based on the latest Quarterly or half-yearl Annual rates— Paid ¢ Business (Continue¢ From First Page.) somewhat after the spurt caused by | the Democratic convention. Current business, however, was well ahead of | the past two years. Manufacturing . | industries were quite active. well. Th business. | drought ! spending and furniture_sale: DALL ard KANSAE " CITY - Wholssale per cent ahead of 1935 and rete | ume increased abou AS.—Disastrons counted damage was imorovement in whole<ale | More complaints about the trade was per cent B helped materially Hardware ere especially good floods_caused tin- in South Texas whica aused local authorities to request Federal assistance o crops Rains in other portions helpful Da bank deposits and re- fources were at all-time High, CLEVELAND —Most lines of busi- | ness were at the highest level in six | vears. Department store sales in Ohio were 20 per cent greater than last |vear. Employment in 100 leading firms in the first six months was the RICHMOND.—Despite none too favorable weather conditions. pre-holi- | day buying kept retail sales above the | Sales of automobiles and household wares + | largest since 1930. dipped beneath the preceding week ago. | ing in retail sales. Upturns in postal re- ceipts were reported from many cities and ‘HICAGO —Vacation _sales boistered retail frade to a substantial mergin over last vear. The Association of Commerce | . | recorted department store activity n sea- sonal clothing and other items the best in years. Some firms added temporary em- | ployes to the vay roll ST. LOUIS.—Seasonal factors and bonus spending enabled retail trade to hold up | Money for Construction Loans and Loans on lmpmved Properties 512% FIRST DEED OF TRUST ONLY GEORGE I. BORGER Successor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. | were good at Baltimore. Retail trade | |in Washington, but held above a year | [| MASSACHUSETTS INVESTORS’ TRUST Prospectus Will Be Sent on Request. A. S. GovLpen & C Woodward Blds. ATLANTA —Bonus spending made an 4 | important Contrivution v the- good show: there was no let-uo in building operations. | =4 - l Forty Years | i Experience | First Mortgage Investment M PROPERTY Inc. Natl. 2000. 7% A Local Banking Cory Under Experienced Management Full Information Upon Request SMITH-HENDERSON CO. Woodward Bldg NW A TIME-1ESTED INVESTMENT Paid Since 1931 FIRST 'I'RIIST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1520 K St. National 0435 Payable Quarterly NA. 1522 MANAGEMENT THE TWO IMPORTANT THINGS ININVESTMENT —fixed return and protected prin- cipal are outstanding features of our FIRST MORTGAGES Over of @ R T G A @ E The interesting details gladly discussed at your convenience. B. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. LE @ A N 8 for | issues, which stood at 57.77 on June 30 | 0| compared with 56.36 on May 31. The 30 European issues.in the index rose 3.31 per cent and the 16 South American issues 2.10 per cent, while the four Australasian issues fell 0.22 | per cent. 26 22% 41% 59 100 1042 1314 10 T3 15% StL&SF4s50A ____ 14% StL&SF4Y%s 78 281 St L So Wn gen ref 5s" 39% St L So Wn 1st trm 5 89 San A&A Pass4s'43 5% Seaboard A 4859 7l Seaboard A L 6345 6% Seaboard A L 6s'45 ctfs. 312 Seab All Fla 65'55 cfsA_ 94% Shell Union 3358'51 ___ 106% South Bell T&l 63 41 £0'% South Pac col 4s'49____. 993 South Pac ref 4s ‘5! 76% South Pac 435868 _ 77 South Pac 418 '69 ww. 76% South Pac 438 ‘81 87% South Pac Oreg 434817 118 106% So Pac San Frr T 48 '60._. 68% 53 Southern Ry gen 4s ‘56 / 104 92% Southern Ry bs 85 68% Southern Ry gn 88% 71% Southern Ry 6%s'66 .. 117 8115 Studebaker Ccv 6s 45 107% 105 Swift & Co 1st 3% s '50_ 100% 74'% Tenn Central 6347 }g: 94 Tenn EI Pw 6s o o o 1001 8414 o | 105 100% 105 99% 98 88 1091 1037% 1215119 12912 125 106% 1025 931 Tllg 115 109 105% 104 844 654% 65 95 C cOP L E&WV ¢ B&OS W Div bs ‘50 B & O Tol C Div 45 69 Bangor & Aroos 4s 51.. Bell Tel (Pa) s 48 B Bell Tel (Pa) 5s ‘60 C Bethlehem Steel 4%8 ‘60 Boston & Maine 6s 67 __ Bklyn Union El bs 5 Bkiyn Un Gas 63 ‘50 __. Buff R & P con 4%s ‘67 68% 48% Bush Term cons bs 55.. 1164 110% Canada Nat R 4%s ‘51 1165 110% Canada Nat) 4168 ‘66 114% 108% Canada Natl 4%s ‘57 1187 113% Canada Natl bs '69 July. 120% 115 Canada Natl §s 69 Oct.. 128% 1224 Canada Nor db 618 '46 96 ¥7% Canadian deb 105% 100% Canadian Pac 4 560 108% 105% Canadlan Pac 68 "64 367% 24 Cent of Ga con 68 ‘45 104 99% Cent (1] €1 & Gas 68 '51- 110% 1031 Cent Pac Istrt 4s'49._. 1 101 89 Central Pacific bs ‘60 100 90 Certain-teed db 5%s '48 122 110! Chesapeake Corp 5s'44 139 115% Chesapeake Corp 55 ‘47 126 1181, Ches & Uhio gn 4 % 92 113% 110% Ches & Ohin 415’93 A 112% 110% Ches & Ohlo con 68 ‘39 85% 41 ChiAlton ref 3849 Automotive Devices Corporation A Washington Enterpri: own and effer. sublect o all r any part of B& B& B& B& B& B& the season, 1% last vear and of which Norta and Canada_took 000. against 1.465.000 last vear 661,000 vear before last: and Announcing the removal of our @ada and Orient 000 last year nd -!'Mmu year ast: Orient. 1.58K, fl(!ll against 1. flh{ 1||Nl ast vear and 000 year before last. 8rccks at the seaboard and the 107 leading Bouthern interior centers have de-‘ creased during the weel again = & decrease during the corresponding period | LONDON. July 4 (5. —Ber sold ad- last season of 114 - | vanc o 1395 rling ed ce 7% fareatutan’at this date 1n 1999, price S Cautvalent to $34.08.) Southwest Branch From 310 14th St. SW. LONDON BAR GCLD. 100 shares 390 00 Per Share L i S R to our new home corner Twelfth and Maryland Ave. S.W. Monday, July the sixth, 1936 HERTZ & CO., Inc. 735 Southern Bldg. Telephone MEtro. 1225-6-7 %2% MONEY AVAILABLE For Construction Loans and Loans on Improved Properties in the District of Columbia. Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K 8t NW. NA(L 1403 By the Associated Press. Prev. Week $1,030,000 2,430,234 7,958,042 6,189 5,572,681 2,005,243 Year Ago $592,000 2,430,759 6,226,221 E 8,371 6,810,432 This Week $1,004,000 2,430,228 8,106,541 4,221 Brokers' loans Hcldings U. S. securities.. Gold reserve Rediscounts _ Bank clearings 6,021,760 Electric output (kilowatt hours) week ending June 27 s 2,029,639 (Final three ciphers omitted in above.) Car loadings, week ending June 27-_. Crude oil production (barrels)___ Stock sales (N. Y. Stock Exchange) Bond sales (N. Y. Stock Exchange).-. New financing Federal Reserve ratio Steel output rate. Call money rate. ‘Time money rate__ Commercial paper (ANEERRE S X AN McLachlen Banking Corporation Main Office: Tenth and G Sts. NW. ° Washington, D. C. Texas & Pacbs 79 C___. 105% 97 Texas & Pac6s'80 D T1% 67% Third Ave Ist rf 43 221 Third Aveadjin 115 * 111% Union Pacifie 1 104% 101% Union Pacific 4s 68 111% 107% Union Pac 1st rf 4s 3008 1 109% 106% (Inited Biscuit 65 43 103% 98 United Drug 58 '53_-___ 107'5108% U 8 Rubber 58 '47..cuue 103% 95% Utah L& T 68'44 Ao’ 0 104% 97% Utab Pw& Lt6s ¢4 . mn 103% 1m 70 60 Util Power b8 49 ww. 69% 1.772,138 690,716 2,963,400 5,789,710 $50,188,000 183.780.955 78.1% 616,863 2,689,850 4,000,010 $45,032,000 115,626,000 T44% 713,639 2,969,150 4,650,655 $41.288,000 76,870,000 8.9% 14.0% 1% 1%% %% 39% 26% Chi Great West 4859 - Member Federal Deposit Ingurance Corporation 9% 6 Chi M StP&P ad) 552000 25 17% Chi M St P&P 68 76 .. gou 15 Chi& N W 438 2037, 5% 16 Chi& M W ¢%0 3087 Ce [ [ v