Evening Star Newspaper, July 6, 1936, Page 14

F BANK LOANS GROW IN FIFTH DISTRICT Richmond Bank Reports Gain of $1,709,000 During Month. BY EDWARD C. STONE. Details from the monthly report of the Federai Reserve Bank of Rich- mond, just issued, show that between May 13 and June 10 the 41 reporting banks increased loans by $1,709,000, of which $430,000 was in loans on INANCLIAL, Prev. 1936 Stock and High. Low. Dividend Rate. 118 111% Abr & Straus pf(7). 74% 59 Acme Steel (13).__. 13% 9% Adams Exp (a20¢). 17% Adams Millis(a?5¢) 2214 Address graph 60c 58 Alr Reduction (t1). 2 Atr-Way Elec Appl. 13% Alaska Jun (160c)_ 215 Alleg Corp (d) 12% Alleg pf w$30w(d). 12% Alleg pf w$40w(d). 12'5 Alleg pf xw (d) Alleg pr pf (4) caeee Alleg Steel (1) oo Allted Chem (6) Allied Mills (b25¢). Allied Stores Allled Stores pf(5) Allis-Chalmers (1) Amal Le - Amerada Corp (2) . 27 securities and $1,279,000 was in all other loans. Investment in segurities, | chiefly Government issues, decreased | by $7,285,000 during the month. | ‘The reporting member banks re- duced their reserve balance at the| Federal Reserve Bank by 514.780.000‘ between May 13 and June 10, while | total cash in vaults was the same on | both dates, the report states. Total deposits in the 41 reporting banks | rose during the month, a rise of $3.180,000 in demand deposits more than offsetting a decline of $133,000 in | time deposits, a moderate decrease in time deposits usually occurring at the vacation season. Between June 12, 1935, and June 10, 1936, all items except time deposits increased on the statement. Loans on stocks and bonds rose by $1,443,000 during the year, and all other loans rose by $8,933,000, a total increase of $10.376.000. Investments in securities | rose by $9.558.000. and reserve balance | at the Federal Reserve Bank increased by $26,270,000. Cash in vaults totaled | $468,000 m on the 1936 date than a vear earlier. Deposits rose $31,570,- 000 during the year, demand deposits with an increase of $32.457,000 off- | setting a drop of $887,000 in time deposits. Trade Holding Up Well. In the first half of June trade was | fully up to the level of other recent| months, the report adds, and indus- trial activity was sustained at a| higher rate than a year ago. The| portfolio of open market paper de-| clined and industrial loans outstand- ing declined. These loans made direct to industry for working capital dropped between May 15 and June by | $40,000 and on June 15 lacked $268. UOJ‘ of equaling industrial advanceg out- at the same time last year. | to individual accounts in 23 | per cent large n in the middle | of June a year azo. Commercial fail- | ures were larger both in number and | in amount than in May, 1935, when the volume was u:u all The fifth district sho 69 per cent in fai cent in liabilities ovi Employment conti ures, especially 1 fields and in the dis dustries. Cotton t May operations las cent. | Buxlmng _permits in 31 leading fiml; district cities numbered 3.242 com- | pared with 2,892 in May, 1935, an in- | crease of 12.1 per cent. Valuation | figures revealed an improvement of | 104 per cent over May, 1935, the| Richmond Bank say:. ct’s leading in- | le mills exceeded | ear by 20 per Railroad Earnings Mount. Class I railroads in the Southern | distwict for the first five months of | 1936 had a net railway operating in- | €ome of $27,683.018, which was at the annual rate of return of 2.05 per cent on their property investment. For the game period in 1935, their net railwa; operating income amoun :e:l to $20, 892.736. Gross operating revenues of the class I railroads in the Southern dis- trict for the first five months in 1936 amounted to 1,542,619, an increase of 12.9 per cent compared with the same period in 1935, while operating | expenses totaled $153,020,283, an in-! crease of 9.3 per cent. Class I railroads in the Southern district for the month of May had a | net raflway operating income of | $5.011.440 compared with $2,931,949 in May, 1935 | Class I railroads in the eastern dis- | trict for the first five months in 1936 | had a net railway operating income of $131502944, while for the same period in 1935 net railway operating ! income was $115,358,561. | McLachlan Branch Is Opened. | ‘The new southwest branch of the McLachlan Banking Corp., at Twelfth | street and Maryland avenue, was | thrown open to the public for the! first time today. the former office hav- | ing been abandoned to make way for | the Bureau of Printing and Engrav- ing’s building program. President Lanier P. McLachlan, Guy D. Cowl, branch manager, and other membee of the staff were on hand to greet the | many visitors who called to admire the new building and congratulate the management. | The banking quariers were most at- | tractive today, the new structure con- taining every banking convenience. | ‘The architect, Arthur Heaton, received much praise on the results of his ef- forts. The h\xildmg not only stands on the site of the residence of the first mayor of Washmz,v.(m but is only three doors from the first public school in the city. This building was only | recently torn down for a parking lot | enterprise. The locality was a most | interesting residential section until | the march of business changed the | map entirely. 600 Bankers Have Reservations. Reports from San Francisco state that more than 600 bankers have al- ready made reservations, three months in advance, for the annual convention of the American Bankers' Association, to be held September 21-24. The large number of early reservations is con- sidered in San Francisco to indicate better and better business conditions all over the country. Washington, no doubt, will send a large delegation to the Fall conclave, as it will be of special interest to financiers here be- cause Robert V. Fleming is the A. B. A.s highest official. Maryland’s State bank commis- sioner, Warren F. Sterling, announces that the Annapolis Savings Institu- tion has made another 25 per cent distribution on the depositors’ guaran- tee fund. This fund was created in 1933 under a voluntary organization plan. In concluding this payment, the bank has paid 50 per cent. Lanston Hits New 1936 Top. Lanston Monotype stock reached a new 1936 top price on the Washington Stock Exchange today when two 10- share lots changed ownership at 841;. The high for the year had been 83. Capital Transit stock was in good demand today, 100 shares, 50 shares and 7 shares selling at 16%;, the high price on the present move which was reached last week. The stock closed with 1614 bid and 17! asked. Five shares of American Security & Trust Co. came out at 258, un- changed from several other recent saleg ‘ashington Railway & Electric pr:l‘ registered 110%. n Am Bank Note (1) Am Brake Sh(1.60) Am Brake Sh pf 5% Am Car. (+4) Am Car & Foundry._ Am Car & Fdry pf_. Am Chatn Am Chicle H)...._ Am Colortype. ____. 2 Am Come! Alcohol. Am Crysta) Sugar Am Crys S st pfi6) Am Encaus Tiling.. Am European Sec... Am & Foreign Pwr._ Am & For Pw 36 pf_ Am & For Pw $7 pf_ Am & For Pw 24 pf. Am Hawatian (1) _ Am Hide & Leather Am Home Pr (2.40) Am lce - Am [nternational. Am Locomotive . Am Locomotive pf Am Mch & F (80c Am Mch & Met a25c Am Metal Am Power & | ety Raz (6) eatine Z 1 Shipbuilding 2 s Am Sm& l.ef Dt (6)_ 7'2 Am Snuft (13) Am Steel Foundry Am Steel Fy pf (2). Am Sugar (2) Am Sumatra Tob 11 : Am Tel & Teleg (9) Am Tobacco B (5) .. Am Type Foundry_. Am Water Works . Am Wat W 1st (6)_ Am Woolen Am Woolen pf (X") Am Wit Paper (d). Am Writ Pap pf (d) Ani Zine & Lead Anaconda Cop( Anaconda W « Anchor Cap (60c) Archer-Dan-Mid 1. “< Armour (Iilinotis) _ Armstrong C (1%3)_ Asso Drv Goods 0 DG Ist pf(26) Atlantic Coast Line AtIGUM & W [nd . Atlantic Ref (1) Atlantic Ref pf (4). Atlas Powder (12)_. Atlas Tack (ai0e) .. Auburn Auto Austin Nichols ___ Aviation Corp(Del) Baldwin Loco (a)__ Baltimore & Ohto__ Baltimore & Oh of _. s Bang & Aroos(2%). Barnsdall Oil (80c)_ Bayuk Cigar (75¢) Beatrice Cream (1). Beatrice Cr pf (7)__ Beech-Nut P (13) _ Bendix Aviatton(1). Beneficlal Lo(t13) Best & Co (12) - Bethlehem Steel _. Beth Steel 5% (1)__ Beth Steel 7% pf(7) Blaw-Knox (40c) Bloomingdale (40c) Bloomincdale pf(7) Boeing Airplane Bohn Alum & Br(3) Bon Am1 A (4) Borden Co 11 60) _ Borz-Warner (3) Briad 8O0ty 25% 4 124 ) 4314 40% 978 Brisgs Mfg (12) Bklyn-Man Tr (3)_ Bklyn-Man T pf(6). Bklyn & Queens ___ Bklyn & Q pf (33).. : Bklyn Un Gas (3)__ Brunswick-Balke.__. Bucyrus-Erle Bucyrus-Erle ev D!. Budd (EG) Mfg Budd Mf 1pd.Julylé Budd Wheel = Bullard Co (a25¢)-. Bulova Watch - Burr Ad Mch(160¢c) « Butte Copper&Zine. Byers (A M) Byers (A M) pf_ Byron Jackson (1). 301 California Pk (1% ) S Callahan Zinc % 6 Calumet&Hec a2j0. 10 Canada Dry G A 54 Canada Southn (3). 10% Canadian Pacific _ 128, Capital Admin (A). 6% Carrlers & Gen 20c. 92'; Case (J 1) Co 116 Case (J I)Co pf (7). 54% Caterplllar Trac(2) 21% Celanese Corp a50c. 19 Celotex Corp . 54 Celotex Corp pf 35 Central RROfNJ._ 47% Cerro de Pasco (4) 814 Certain-teed Prod 801 Certain-teed pf (7). 224 Checker Cab Mg 59 Chesapeake Corp(3) 51 Ches & Ohio (2.30) 273 Chi & East 111 pf(d) 1% Ch) Grt West «d) .. 4 ChiGrt W ot (d) 25% Chi Mail Order 1135 13 Chi M11 SIP&P (d) 24 Chi M StP&P pf (d) 6% Cht & N W pf (d)__. 12!5 Ch1 Pneumatic Tool 3% Chi R I&P 6% pf(d) 312 Chi R 1&P 1% pf(4) 20 ChickashaCO (2).. 85!3 Chrysler Corp (6). . 15% City lce & Fuel (2)_ 2% City lce&F pf 'b 4% City Stor 23% Clark Equip 300) . 124 Cluett Peab pt (7).. #4 Coca-Cola (2)__ 55% Coca-Cola A (3) 13 Colgate-P-P (50c)._. 10643 102% Celgate P-P pf (6)._. 51% 39'% Collins & Atk (2)__. 112 107% Collins & Alk pt (7) 814 Colonial Beacon - 214 Colo & South 14 Columb G&E(a20c) 90'%; Col G & Ept A (6).. 80% Col G & E pf (5) 31 Colum Plet vte(t1). 94 Colum Carb vict14) 44 Comcl Credit (3)___ 110 Comci Crea ptf (53) 101% 101% ComclCred pf4% n 82% 55 Comcl Inv Tr 13.60. 24% 14% Comcl Solv (60¢) ... 5% 2% Comw & Southern._.. 82 59% Comw & Sou pf (3). 32% Congoleum-N 1.60__ 16 Congress Cgr (b2).. 8 Consol Cigar . 65% Consol Cigar pf (7). 27% Consol Edis N Y(1) 4% Consol Film 15% Consol Film pf (31 11'; Consol Oil (60¢) ... 67 Consol R R Cuba pf . Consol Textile «d) 12% Con C'l (Del) vte pt 15% Container Corp (1).. 10% Contl Haking (A) 67% Contl Baking pf (4). 6712 Contl Can (3) 2 1715 Cont’l Diam Fib(2)~ 35% Contl Insur (11.20). 2% Contl Motors . 2814 Cont) Oti of Del(1)_ 2714 Contl Steel Cerp(2) 55% Corn Ex BK&Tr (3). 6814 Corn Prod Ref (3).. 168‘: 162 Corn Prod R pf (7). 142 79 3214 31 N% 57 58 19% 102'y 6914 T4 il 1508 79 THE EVENING STAR, WASHINGTON, D. C. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev, 1036 High. Low. 20% Sharon Steei Hoop By Private Wire lllr;t to The Star. ales— Add 00. High. Low. Close.Chge. Net 112% + % 61 41 1% + W 20 27% 69% 4% 3% 10s 112% 112% 1 61% 614 1% 19% 27 693 4% & 1441 FEes sxsfysFsi N 12 165% 10s 140 74 22% 24% 0% 36 SEe - - o 00 ho 10 1o e 1S e § 5% 58 21% 161 115 8 17% w0 o 21 112% 1T 9 6'4 30% 128 100 56% 13% 13% 104 104 44% 44y 110 110 25% 1+ 6% 5 334% 20s 128 12 100% FEFETEES FE FEE ¥ BE T REEREE FFL loo- 63 =3 110‘ l“ 164 + Prev. 1936 High Low. Dividend Rate. 7% 4 Coty Inc 3 37% 35 Cream of Wh (2)__. 28% 15% Crosley Rad(af0c). 43% Crown C & 8 (1) 7% Crown Zelleb'k vto_ 28 Crucible Steel ___. 614 Cuban-Am Sugar__. Stock and 104% Y% 21% 65 4 Curtl 10% Curt; 27 Deere & Co pf $1.40_ 36‘. Delaware & Hudson 181 Dist Corp Seag Llfl 41'2 Dome Mines (12)__. 7% Dominien Stor: Douglass Air Dresser A (b1 Dresser Mfg B Duplan Stik (1) __ Dupont de N t3.60_ Du Pont deb (6) Eastman Kod (15)_. Eaton Mfg (2) Eitington-Sehid ___. Elec Auto L (1.20).. Electric Boat . Elec&Mus In(b24c). ‘“\ Elec Pw & Lt __ Elec Pw & Lit $6 pf_ Elec Pw & Lt §7 pt_ Elec Stor Bat (12) __ 4 Equit Office Ballc.. 1 ErfeRR ® Erie R R 1st pt._. Erfe RR2dpf _ Eureka Vac C(80c). Evans Products (1) Exchange Buffet___ Fatrbanks Co pt Fairbanks-Morse Fajardo Sugar ¢ Federal Li & T Fed L1 & Tr pt () ederal Mot T 40c_. Fed \aler Sve (A)_ Fed'd Dept Stra(1)_ Firestone T&R 1.20. Firestone pf A (6) First Nat Strs(21) Follansbee Eros (d) Food Machine (1)-. Foster-\Wheeler. __ Foster-Wheeler pf_ Fourth NI ww a75¢ Frank Sim pf (37) . Freeport-Texas (1) FullerCo2dpf..... Gabriel Co (A) - Gen Am Investors _ Gen Am Trans(1%) Gen Asphalt(b25c). Gen Baking (60¢)... : Gen Bronze Gen Cable _ % ble (A)camea ble pt en Clgar (14) Gen Blectrie (1) Gen Foods (1 80) _, Gen Gas & El (A Gen Mills (3) Gen Motors (12) . Gen Motors pf (5) .. Gen Outdoor Adv. _ Gen Outdoor Adv A_ Gen Print Ink (2)_. 31y Gen Public Service.. Gen Ry Signal (1)_. Gen Realty & Utll_. Gen Refrac (1) Gen Sti Castinz pf ien Theatre Eq Time Instr'm’t Glllette Sat Raz(1) Gillet Rpf (6). Gimbel Bros Gimbel Bros pf(a2) Glidden Co (2) idden cv pf (42) (Gobel (Adolf) Goebel Brw Ct20c) Id Dust vte (60c) % Goudrich (B F) Goodrich (B F) pf.. Goodyear T&R . . Goodyear $7 pf (4)_ Graham-Paize Granby C (24 stpd) Granite City Su (1) 5 Grant (W T) (1.40). Grt Northern pf. Grt North'n Ore(1)- Grt West Sug (2.40) Grt West Sug pf(7) GreentHL)Co (1) Greyhound C'p Guantanamo Sug: Gulf Moblle& N _ .. 2 Gulf Moblle & N of_ Gulf States Steel . Hack W pf A(1%) Hall W F Printing Hamilt'n W pf 381, Haves Body Hazel Atlas Gl (15) Hercules Motor (1) Hercules Pdr pf(7) Hershey Choc (3) . Holland & Son (60¢) Holly Sugar (2) ___ Homestake (112) _ Houd-Hersh A(2%) Houd-Hers (B)13% House Fin (A) (13) 6% Houston U1l vte __ 481, Howe Sound (13) 813 Hudson & Man pf__. 13% Hudson Motor Car.. 1 Hupp Motors 18% [1linols Central 30 Illinois Cent pf (A). 25% Indus Rayon t1 68). 90 Inland Steel (3) ___ 6% Inspiration Copper. 5 Insur Sh Md ct 18¢c_ 2Y Intercontl Rubber.. 15% 9% Interlake lron . 41 25 Int Agricul pr pf_ 185% 160 Int Bus Mach (16).. 49% 35 Int Cement (1%) ... 90'; 56% Int Harvester 1.20_. 5% 2% Int Hydro Elec (A). 8 415 [nt Merch Marine. . 54% 43Y% Int Nickel(Can)1.20 129% 125Y% Int Nickel pf (7)._- * 7% 3% Int Paper & Pw(A). 4 2% Int Paper & Pw(B). 3% 1% Int Paper & Pw(C). 37% 20% Int Paper & Pw pf_. 44 37 Int Print Ink (1.80) 6% 3 IntRyCent Am vtc 41% 19% Int Ry C A pf_ 67 50 Int Silver pt. 19'% 12 Int Tel & Tel 16'2 10% Interstate Dept Str. Y6's 82 [nt Dept Strs pf(7) 29% 26% Island Creek (2) 123 113 Island Creek pf (6)- 129 €8 Jonns-Manviile(2) 90% 75'% Jones&Lauzhi%p! 42% 42% Kalamazoo Stove Co 26 13 KansCity Southeri 39% 19% Kans City South pf. 17 Kaufman Dep 8 (1) 27 Kayser(J)& Coa?5e 80 Keith-Al-Opfa3dls. 20 Kelsey-Hayes (A).. 14% Kelvinator (1560c) 28y Kennecott C (1.20)_ 1% ]\'eyslmw SU&W (2) 30 Kinney (G R) pf._. 207 Kresge (S8) (1) _. 110% 101% Kresge (S 8) pf(7) 772 66 Kress (SH) Co (12). 28 19% Kroger G&B (1.60) 26% 19% Lambert Co (2) 16% 12 Lee Rub&Tire (50¢c) 15 Leh Por Cmt(a25c) 214 Lehigh Valiey Coal. 9% Lehigh Val Coal pf. 81 Lehizh Valley R R 89 Lehman Corp (13)_. 12 Iehn & Fink (13%)_. 371 Lerner Stores (2) 47% Libbey-Owens G 7 Libby McNelll & L. 25 Life Saver (1.60)_ 97% Ligg&Myeérs B(t4). 25% Lima Locomotive... 36 Link Belt (11.20)_.. 321% Liquid Carb (1.60). 43 Loew's [no (12) ___ 135 T 514 1 3% Long Bell Lum (A). 40% Loose-Wiles (2).._. 21% Loriliard (P) (L. 13 La Oil Ref of (d) ._ 20 Louisv GEEDfA 1% 57% Louis & Nash (a2). 22% Ludlum Steel (1) .. 85 MacAnd & For (2) 29 McCall Corp (2) 12% McCrory Stor: 16 McGraw Hill Pub__ 39% Mcintyre Porcu(2). 96 McKeesp't T P (14) 8% McKesson & Rob .. 37% McKesson&R pf(3). 11% McLellan Stores. ... 27% Mack Truck (1) 40% Macy (R H) Co (3). 34% Magma Copper (3) 17% Manhat Shirt (60¢). ©8F © £ woduannarnten ) saraZ Y EXEPT =5 =3 108 6 1408 0 . o 1t 09 09 O 5300 - lmd 00. High. Lo- clu‘u chn 4% 108% 813 42 204 3713 22 27% 9% 109 28% 37% 34% 1090s 41 03 ORI VN 63100 D e R 1 4 10 i €0 24 74 23 !G‘h 26 58% 8 36% + W 2 -5 58% —1% 8 = 351 9% 924 17% 104‘!. 3519 9% 92 17% 104% 5% 16% 58 G"- 72 297% 38% P+ 4410 -1% + | A =i g + % + i —2% ~n| -5 %N FES il FEFPE & FEES 109 109 27% 274 37% 3T% 34 34u 48% 49% 108 2% 4% 43 23% 38‘/: +l‘§ -0 'Il * 5% 22% — % 38 +1% 31% + % 14% 16% — % 424 — % 98% +1% 8% 42% —1% 12% - % 19% + ¥ MONDAY Prev. 1936 Stock and High. Low. Dividend Rate. 6% 2% Maracaibo U1 Exp 10% 8% Marine Midld (40c) 11% Marshall Field & Co 1 Afld Oll 29% 49 Mavtag pf ww (3)_. 55% Melville Shoe (4) ... 67 Mengel Co 50 Mengel Co pf. 40% Mesta Machine (3). 5% Miami Copper 17% Mid-Cont Pete a40e 21% Midl'd Stl Prod (1) 13["; 110 Mid St).1st pf (8) 75 65 Minn-Honey Rt1% 12% 6' Minn Moline Pwr__ 5% 2% MStP&SS M pf. 6l 2% MStP&SSMIisin. 26% 16% Mission Corp - 9% 5'¢ Mo Kans & Texas. 2674 Th 28% ”fl Mohawk Carp (1)... 79 Monsanto Chem (t1) 35% Montg'y Ward(80c) 44 Morrell J & Co 2.40 60's Morris&Essex(3%) 3 Mother Lode ___ 28% Motor Products (2) 15% Motor Wheel (1)._. 11% Mullins Mfg (B) 70 Mullins Mfg pf a3 21 Munsingwearalls_ 14 Murray Corp 15% Nash Motors (1).. 12}; Nat Acme Co 915 Nat Aviation Nat Dairy 2(1.20) .. 4 Nat Dairy P pfA(7) t Dept Stores t Distillers Nat Lead pt (B) (6) at Pwr&Lt (60c) _ Mex 2d pf__ Nat Steel (113) Nat Supply Co Nat Supplv Copf__. Nat Tea (60c) Natomas 180¢) Ceisner Bros (114) Newport Industries N Y Atrbrake NYCentralRR . N ¥ Chicago & St L. Y Chi &St Lpf Y Investors (4) Y NH& Hof d)._ Shipbuilding. N Y Shipbldg pt N Y Steam pf (6) . 9314 N Y Steam 18t (7). 261': 210 Norfolk & W (18) __ 64 North Am Aviation. 231 North Am Co (1) . 52% North Am Co pf(3). 98 North Am Ed pf(6). 24, Northern Pacific. . 2 Ohio Oil (50e) .. 241< Oliver Farm Equip. Omnibus Corp vte - 24% Otis Elevator (60¢c) : Otis Steel » Otis Steel pr pf Outlet Co (12) Owens-11l Gla Owene 111 G.July 24 91, Pacific Coast 1st _ 0% PacificG&E (1%). 47% Pacific Ltg (2.40) 141 Pacific Mills 140 Pacific T&T pf( 67 Packard Mot (a2ic) 18!3 Panhandle P&H pf 67 ParaffineCo (2).... 7% Paramount Pictures 59 Paramount 1stpf__ #% Paramount 2d pf_. 3 Park Utan 40% Parke Davis(al u\l) Parker Rust P(134) 414 Parmelee Tranap't.. 6% Pathe Film Corp. 10°s Patino Mines 1's Peerless Motor 69 Penney (J C) (13) 4'; Penn Dixie Cement. 17 Penna Glassctfs __ 25% Penn Raiiroad (al). 30 Peoples Drug(t1) 38 Peovles GasChi _ 4 Peoria & Eastern_ 56 Pere Marquette pf. 16 Pet Milk (1) 12% Pet C'p of Am a25c.. 10's Pfeiffer Brew(1.20) 25% Phelps Dodge a50e.- 1% Phila & Read C&1 - 66 Phillip Morris (1) - ' Phillips Petrol(t1). 72 Phoenix H pt (3%) & Plerce Oll pf 1'; Plerce Petroleum__. 30'; Pilsbury F1 (1.60)_. Pitts Coal 2 Pitts Screw & Bolt. Pitts Steel pf Pitts United Corp_. 4 Plymouth Oil (1) Poor & Co (B) 4% Porto R Am Tob(A) 1's Porto R Am Tob(B) Pressed Stl Car (d) 40's Proctor&Gam(13%). 39 PubSve NJ (2.40). 113% PubSve NJ pf (6) 128 PubSve NJpf (7). 36° Pullman Inc (1%)-. 164 Pure O11 91% Pure Oil pf (6)_ 5, 103 Pure Ofl pf (8) __ » Purity Bakeries 40c 9% Radlo Corp 68! Radio cu 18t pf 3% 5 Radlo-Ke Or(d). 2874 Raybestos-M (134)- 35!z Reading (2) 37 Reading 2a pf (2) 184 Remington-R (60c). 224 Rem-Hnd 6% pt 1% 47» Reo Motor Car. 167% Republic Steel 77 Republic Steel pf 78% Repub Stlpf A (6). 90 RevereC& Bpf 2215 Reynolds Met (1) 25 Reynolds Spr'g new 58% 50 Reynolds Tob B (3) 35% 30 Sateway Stores (2) 112 109 Safeway Strs pf(6) 114’2 110'; Safeway Strs pf(7) 29% 22% St Joseph Led(80c) 3% 1% St L-San Fran () .. 6% 2% St L-San Frpf (d) 52 38% Schenley Dista75c_ 101% 97’5 Schenley D pt (5%) 4'c 1% Schulte Retatl Strs 20's 7% Schulte R Stra pf__ 76 53! Scott Paper (1.80) . 18, 7% Seaboard Alr L (d) 4!z 2 Seaboard A L pf(d) 43% 30% Seab'd Oil(Del) (1) 76% 58% Sears Roebuck (2)_ 4% 2% Second Natl Inves! 24% 15% Servel Inc (60¢) N N N N aNY 908 1208 408 ]1 91 567n 19 151 13 T4 1 o o Srom EY S = EY e @ H . £S5 03 00 bkt b 1 2D U ) I S TN Ok s 2 20 1 bt 1 23 e 00 1k 12 12 ] 00 10 R 00 3 b b NS D 26% - 53 S e 3 YL TOT OO FUV llllh Low. Close.Chge. 3% 3 JULY 6, 1936. Net 32 8% 57 16% 19% 9‘1 4% W % % W w 141 32% 6% 31y 17 % 106% B1% 18 129 13% 9% 181y 45% 50' 07% 65 100 31% 21 2815 Nf.f FrES sxsEFe 5 9% 4 100% 1t 9 61'a 2 3215 3% 3y 22% 1+1+0 0 34 223 R FEEF year. 434 Sharp & Dpt (3%). not_including extras or being reorganized. FINANCIAL. Stock and Dividend Rate. Sales— 8 22w % 5744 14 21% T4 57 13% 17% 4% Sharp & Dohme. .. 11% Shattuck F G (50c). 14% Shell Unton U} 120% 110'% Shell Un O pf (5%)- 944 Silver King (40¢)_. 19% Simmons Co 4% Simms Petrol_ 19' Skelly Ol1. __ 12% Socony-V 01l (40¢c). 4 SoAmG &P aZlc .. 25 South Cal £d (1%). 231 Southern Pacifie 12% Southern Rallway. 19 Southern Ry p! Spalding(AG)1st pt 5% Sparks-Withington. 29% Spencer Kell (1.60). 15% Sperry C vte b2ic ... 13% Spicer'Mfg 44 Splcer Mfg pf (3) 63 Splegel-May-8 (3). 99 Splegel-M-S pf(6%4) 21% Square D (B) (50c) Stand Brands(0c)_ d Brands pf(7) Stand Com Tobacco 514 Stand Gas & 1 (d)_ 9'; Stand G&E $4 pt (d) 24% Staud G&E 36 pf(d) 26% Stand G&E $7 pf(d) 35% Stand O of Cal (11) 325 Stand Ofl of Ind(71) 51% Stand Oilof N J t1. 65 Sterling Prod (3.30) 2% Sterling Secur (A) . 16'% Stewart Warn(50c) 14% Stone & Webster_. 914 Studebaker Corp. Sun O1 (11) Superheater (50¢)—. Superior Of1 Superior Steel Swift & Co (1) Swift Inul Ltad (2) Symington A (d) .. Telautograph (60¢). Tennessee Corp - Texas Corp (1) . Texas Gulf Sui (2) c C&Oalic Tex rac Land Third Avenue Thompson P a3le 'hompson Starrett. Tide Wat Asso 60c_. Tide Wat A U pf(6) Timken-Detroft . Timken R B (12) Transamerica f40c_ Trans & Westn Alr_ Tri-Contl Corp Tri-Contl C pf ( Truax-Tra Coal 20th Cent Fox Film. 20th Cen Fox pf 1% TwinCity R T TwinCity RT of . Ulen & Co - Und-Ell-Fish (37 = Und-Ell-Fish p? (7) Union Bac&Pa; Un Carb&Carb 2.40 Union O1i of Cal (1) 2 Union Pacific (6) Union Pacific pf (4 Un Tank Car (1.20) Uniteg Afrcraft United Afr Lines vtc United Bisc (1.60) 90t 20 13 24 1 United Bisc pf (7) Unit-Carr F(11.20) United Carbon 2.40 United Corp - United Corp pf United Drug . United Elec Coal.. United Fruit (3) United Gas Imp United Gas 1 pf (5). United Paperb'd(d) U S & For'n Secur__ U S Freight (1) U S Gypsum (2) u S Hoffman J S Ind Alcohol (1) ) S Leather(A)vte Pipe & F (1%)- S Really & Imp Rubber __ Rubber 18t pf_ Sm & Ref (a8) J S Sm&R pf (3%) 2 122% United Stores (A) Univ Plelstpf ___ Univ Pipe&Rad (d) Univ P&R pf (d) - Utll Pwr & Lt (A) Vadsco Sales Corp Vanadium Corp_ Van Raalte (1) Va-Car Chemic Waldorf Syst (80c). Walgreen Co ((2) Walker (H) (2). Walworth Ce Ward Baking Warner Bros Plo Warner-Quin (d).. Warren Bros Warren FAry&P(1) Webster Eisenlohr_ Wells Fargo Wesson O&S(150c) West Pa Elec pf(6) West Elec pf(7) West Pa Pwr pf(6) Western Maryland_ West Union (a2).__ Went'gh'se A B (1). : Westingh'se El (4) - West'g'se 1st pf 335 Weston El | (a2bc) Westvaeo Chlo t40c Wheel & Lake E pf Wheeling Steel . White Motor _ White Rk M S(1.40) White Sewing Mch._ White Sew Mch pf_. Wilcox O1l & Gas_ Wilson & Co (50¢) Wilson & Co pf (6). 443 Woolworth (2.40) 234 Worthington Pump. 66 Wrigley W ir (13)_. 33% Yale & Towne (60c) 8%, Yellow Truck. 83!z Yellow Truck pf. 42 Young Sp& W (3). 41% Youngstn Sheet & T 11 Zenith Radlo. 57 Zonite Products. 200,000 12:00 Noon.___ 480,000 2:00 P.M. Total Sales for the day., 840.000 SAccumulated dividends. b Paid last vear. XEx dividend 57 Net Add 00. High. Low. Close.Chge. 21% - % STOCKSIRREGULAR ATEND OF SESSION Specialties Gain as Steels, Motors, Implements Join Recession. Stock Averages 18 otil 492 493 469 333 508 434 30 15 Irdus. n.u: —6 853 34.7 35.1 859 343 L] Stks Net change. = Today, close Prev. day.. Month ago. 823 Year ago __ 625 23.6 1936 high .. 874 39.7 1936 low. 734 302 1935 high... 763 31.2 44.7 561 1935 low. 495 185 216 348 1932 low. 175 87 239 169 1929 high...146.9 153.9 184.3 157.7 1927 low.... 51.6 953 618 6138 (Comptled by the Associated Press. 63.5 64.0 614 455 648 557 BY VICTOR EUBANK, Associated Press Financ.ai Writer. NEW YORK, July 6 —Stock mar | specialties swung into a quiet advar« - % + 1 - +1 +2 \ -2% + % Approximate Sales of Stocks on the N. Y. Stock Exchange. 000 Dividend rates as given in the above table are the annual | cash payments based on the latest quarterly or half-vearly declarations sUnit of trading less than 100 shares. tAnnual rates— a Paid this d Companies reported in receivership STOCK VALUES UP NEARLY A BILLION New York Exchange Reports 1,194 Issues at $50,912,398,322 at Start of July. Br the Associated Press. NEW YORK, July 6.—An increase last month of nearly a billion dollars in the market value of shares listed on the New York Stock Exchange was announced. ‘The exchange reported 1,194 stock issues on July 1 had market value| totaling $50,912,398,322. The total for June 1, with three fewer issues listed, was $49,998,732,557, and for July 1 last year $36,227,069,618. The June upturn reflected the rally in the market following a late Spring decline. Borrowings by member firms against securities increased $18,545402 to $988,543,241. But the ratio of loans to the market value of listed shares was unchanged at 1.94 per cent. The average share price was $38 against t:'l}fi;n June 1, and $27.78 on July 1, 1935. — VISIBLE GRAIN SUPPLY. NEW YORK, July 6 (#).—The visi- ble supply of American grain shows the following changes in bushels: Wheat increased 2,728,000; corn de- creased 248,000; oats in:reased 249,000; Tye decreased 344,000; barley decreased 636,000, Budd Sales Rise 25 Per Cent Over 5 Months of 1935 By the Assoctated Press. PHILADELPHIA, July 6.—An crease of 25 per cent in sales in the first five months of this year, com- pared with the corresponding period of 1935, was reported today by the Edward G. Budd Manufacturing Co. The volume was larger than that of the first five months of any year since 1930. In addition the railway car division has orders on hand for 81 stainless steel cars, compared with 14 cars pro- duced in 1935. in- NORTH AMERICAN RAYON NET GAINS SLIGHTLY By the Associatea’ Press. NEW YORK, July 6.—North Amer- ican Rayon Corp., Elizabethton, Tenn., today reported for 12 weeks ended June 14 net income of $387,450 after | charges and provision for normal Fed- eral income taxes, but before possible surtaxes on undistributed profits. This compares with $325,011 in the pre- ceding 12 weeks. e Manhattan 8hirt Co. — Common GAIN IN GOLD STOCKS SMALLER DURING WEEK | By tnc Associatea Press. NEW YORK, July 6.—The stream of gold that flowed so freely into this country a few weeks back when French capital fled franc devaluation rumors has been stemmed by a sub- sidence, at least temporarilly, of this fear, United States monetary gold stock figures indicate. The $12,000,000 gain in the week | ending July 1 comperes with one of more than $200,000,000 last month and almost a billion and a half in the | past year. | The total monetary gold stock of the United States recorded by the | Federal Reserve Banks compares as | follows: July 1, 1936, $10,612,000,000. June 24, 1936, $10,600,000,000. . July 3, 1935, $9,112,000,000. —_— TYPE FOUNDERS ISSUE | READY FOR DELIVERY | By the Associated Press. NEW YORK, July 6.—Holders of American Type Founders, Inc., 15- year convertible sinking fund deben- tures, due 1950, are being notified that definitive debentures with July 15 coupons attached are ready for delivery. They will be exchanged at Guaranty Trust Co., New York, for the temporary securities. Directors of the company have declared the rate share earnings 6 months ended May 31 were 72 cents against 32 cents., today while many of the leaders cluding steels, motors and farm | plements, fell by the wayside. Although favorable earnings to lift a number of issues, the drouz and steel labor controversy acted chill general buying ardor. The was irregular. Transfers app:c mated 850,000 shares A downturn steel product caused partly by the Indepen holiday, was in line with previ forecasts. Current output was fizu at 67.2 per cent of capacity, off ¢ points from the previous week was the largest week’s recession June 2, 1934. Several commodities, responding growing scarcity fears, spurted to seasonal highs. Bonds were as were foreign currencies. The firmed when the Netherlands B: its discount rate from 3!; to cent Utility preference stocks, esper those of Standard Gas. Amer Power & Light and Public Servi New Jersey were strong. The W Penn Power 6 per cent issue got 16 points on a few transfers. Others up as much as 2 point were Douglas Aircraft, Mo Chemical, Atlantic Gulf & W Indies, Loew's. Greyvhound Co: Norfolk & Western, Wesson Oil Union Carbide. Consolidated E improved. Macy and Gimbel ahead as retail sales showed fur expansion. CHICAGO GRAIN Py the Associated Press CHICAGO, July 6.—Suppose 1 dies to protect interests of grain g: ers transformed themselves into a bz ricade today against owners of gr collecting more than strictly limi profits. Although unprecedented drought and heat swept prices of every kind of grain to top permissible levels for a single day and to new peaks for the season, any further immediate ri was blocked by arbitrary exrnange | regulations. For hours grain trading was at virtually a complete halt, and no immediate further benefit to farm- ers or others on whatever grain they might have salvaged from crop ruin was possible Wheat and all other grain closcd strong, with wheat up 5 cents, J 1.057g; September. 1.06'. cents advanced; September, cember, 70'x; oats at 3 cents gain and | provisions showing a ris2 of 7 to 50 cents. ' in so Chicago Cash Market. Cash wheat, No. 1 red, 1.09; No. 2 red, 1.087:-09; No. 8 red, 1.08; No. 1 | red. tough. 1.08: No. 2 red, tough, 11.07'2-34; No. 1 red, garlicky, 1.06; sample red, 1.04; No. 1 hard, 1.10-11; No. 2 hard, 1.10; No. 1 mixed, 1.093,- 1.11; No. 2 mixed, 1.07';; corn, No. 3 mixed, 77; No. 1 yellow, 78a78'; No. 2 yellow, 78-7814; No. 1 white, 91; No. 3 white, 91: sample grade, 50-74; oats, No. 2 white, 39; No. 3 white, 3614-371. | sample grade, 34-35; rye, No. 1, 79; soy beans, track, Chicago, No. 2 yellow, | 1.0772; No. 3 yellow, 1.07; sample | grade, 1.01: barley, No. 1 malting. 97; | feed, 35-52: malting, 55-97; timothy | seed, 4.70-95 hundredweight; clover | seed, 10.50-16.00 hundredweight. LI\FRPOOL Ty closed strom High NEW YORK COTTON By the Assoctated Press. NEW YORK., July 6—Cotton ad- vanced today into new high ground for the movement. October sold up to 11.83 and May hit 11.96, or about 13 to 15 points higher. Prices held within 3 or 4 points of | the best during the middle of the afternoon. Futures closed steady, 11 to 15 higher. July Octobe: December ~_ January Mercn Spot steady: Bleachable cottonseed oil closed strong. July, 9.75-96; Septem- ber, 9.71-72; October, 9.62; December, 9.53-54; January, 5.53b. Sales, 233 contracts, including 12 switches, b Bid. Liverpool Quotations. LIVERPOOL. July 6 (#.—Cotton. 6,400 bales. all “American. Spot in fair " dee mand: prices unchanged. Quotulunl in pence: American strict good middling i Stiet m:ggnn 1 strict. low fow middiing. 5.63: strict ‘Eood i 5,43 o0 ordinary, 513 Futures closed steady. _July. Sember, 6727 January. 6.5 Siads New Orleans Prices. NEW,_ORLEANS. July & dh.—Movin ahead from 3 o 5 points at the first ealn Cotton futires started off the Hew week in a firm manner lnfl 8. red ToLession s an he side at the o) enlnl l d it] Hia” g el Sr, S, o S nseed al futures o] d _steady, of interest payable on the July 15 coupon to be 2!2 per cent. / .10 Dei” b Vi A