Evening Star Newspaper, July 7, 1936, Page 17

FINANC1AL, RAILROAD BONDS LEAD IN DECLINE Small Early Losses Widen. Cuban Bonds Hold Morn- ing Gains. Bond Averages Ralls_tadus Oth rorn Net change. Unc. +.4 69.3 Today, close 91 9 103.0 102.1 Prev. day -- 92.1103.0102.2 689 Month ago. 92.0102.7101.7 69.2 Year ago... 81.8 98.1 97.0 69.4 1936 high.. 94.3104.1102.5 72.0 1936 low.... 8691018 99.3 67.6 1935 high... 87.8102.2 99.8 70.4 764 922 845 655 458 400 646 422 101.1 98.9102.9100.5 10 Low-Yield Bonds. Close ____ 1118 Prev. day. 111.9 Mo. ago.. 1120 Year ago.110.7 1936 high. 112.3 1936 low..110.2 1935 bigh. 110.7 1935 low.. 107.9 1928 high. 1044 19832 low.. 86.8 (Compiled by the Associated Press.) Ey the Associated Press. NEW YORK, July 7.—Rails led a mederate decline in the bond market today. Small early losses in the carriers were extended as the session pro- gressed. In the final hour declines of fractions to about 2 points ruled in St. Paul 5s, Rock Island 4s, Il- linois Central 4%s, Missouri Pacific 5s, New York Central 5s, Missouri- Kansas-Texas Adjustment 5s and New York, Ontario & Western 4s. Indus- trials and utilities were under a little rressure. Cuban Public Works 5':s held a morning advance of nearly 2 points cn buying prompted by recent en- couraging statements by Cuban offi- cials on the outlook for service on the loan. Following irregularity, United States Government obligations had a mild arop. Earnings l Mayflower Associates, Mayflower Associates, Inc., an in- vestment company, reported net assets equivalent to $66.92 a share of capital | tock, 8s of June 30, against $64.63 a share on December 31, 1935, and $53.10 a share on June 30, 1935. Flour Mills of America. Flour Mills of America, Inc, with several mills in Midwestern States, re- ported for the year ended May 31 net | Ioss of $869.976 against net loss of\ $98,481 in the previous fiscal year. . U. S. Stores Corp. United States Stores Corp., operat- | ing chain food stores in the Middle West, reported for the year ended De- cember 31, 1935, a net loss of $147,014 aga®hst a net loss of $151,608 in 1934. New York Offering’ Sets Low Recor T HE EVENING STAR, WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE High Low. By private wire direct to The Star. 7.890.000 TREASURY High. Low. Close 2%,81945-47 ____ 10326 10323 10323 2%'s 1948-51.... 1021 102 102 $1951-54.....10111 1017 1017 965 10213 1027 1028 35194648 ______ 10515 10511 10512 38 1951-66 —ee 10417 10415 10416 3 946-49 .____ 1066 1062 1062 3 949-52_....106 10531 10531 3% s 1941 - 10828 10828 108 28 338194446 . 10728 10722 10722 3345 1940-43 Jure 10814 10814 10814 3%s1941-43 Mar 109 10831 10831 333194347 ____ 10814 10811 10811 3%81946-56 ____ 11112 11111 11111 481944-64 C1134 1132 1133 4s-3y% 1943-45° 1083 10731 1083 438 1947-52 .. 11725 11724 11724 FEDERAL FARM MORTGAGE - 10215 10215 10215 110414 10414 10414 HOME OWNERS' LOAN. 2148 1942-44 10116 10111 10111 2% 8 1939-49 . 10116 10113 10115 381952 10225 10223 10223 FOREIGN BONDS. H Abitibl Pa&Pw b8 83 6 Akershus bs ‘63 Alpine Mont S 7s °55._ Antioquia 78 45 A __ Antloquia 78 '45 D Antioquia 24 78 ‘57 N Antioquia 34 Argentine 6% = Argentine 6857 A .. Argentine 6s ‘68 B Argentine 6s ‘69 June Argentine s ‘59 Oct Australia 6i Australia 5 Belgium 78 °55 Belgium 7s 5 Berlin 6s '58 Berlin 6148 ‘50 Berlin Elec 6% Brazil 6148 "26- Erlzfl 648 ‘27~ 11 78 °52 Br [sbane 6s ‘5 Buenos A C 6s'60 Apr Buenos A 3s ‘84 i Buenos A C 8%"55 - | Buenos Aires 43;-4%s 76 April . Buenos A4%s '76Aug 4%8-3%8 77 (PV) Buenos A 6s ‘61 st Pv | Canada 3%s’'61. .. Canada 42 '60 _, Canada bs 52 Chile 68 '60 Chtle 6s 61 Jan.._ Chile 6s 63 Chile 78 42 | Chile Mtg Bk 615857 Chile Mtg Bk 63 8'61 Chilean Mun L 7s "60 ('hlnesl Gv Ry 6s ‘51 Colombia 6s 61 Jan _ Colombia 68 61 Ucl Col Mtg Bk 6 Col Mtg Bk Cesta Rica 7's A 51 Cuba higs 45 Cuba 5%s 53 Denmark 434s 62 | Denmark 5%s 65 | Denmark 63 ‘42 Dominic 1st 5%s 43 El Salvador 8s '48 ct. Finland 6s 45 | Finland 6338 66 | French Gov 78 49 For Interest Costs French Gov 7%s ‘41 Ger C Bk A 6838 6 | Ger C Bk A By the Associated Press. NEW YORK, July 8—Establishing a record in low interest costs for long or short term financing, New York | City today awarded to the Chemical | Bank & Trust Co. $5.000,000 of spe- | cial corporate stock notes on a basis | of 34/100ths of 1 per cent plus a| premium of $18. The next lowest bid was that of National City Bank at 42 '100ths of 1 per cent and a premium of $105. LOEW’S PROFIT RISES TO $7,390,495 LEVEL | 3 the Associated Press. NEW YORK, July 7.—Loew's, Inc., reported for 40 weeks ended June 4 net profit of $7,390.495. equal after preferred dividends to $4.47 a share on the common stock. This com- nares with $5,840,351, or $3.50 a share on the common for the 40 weeks cnded June 6, 1935. SHORT-TERM SECURITIES. ted by Chas. D. Barney & Co) (Reported by L S Aumer. Beet Sugar s 1040 _ 10014 Tel. Linien Valley Coal e Iong Teand Gen 4 1 Missouri 4s 1 bacific Tel. & Tel. 5¢ 19 penn-Dixie Cement e 1 10313 U. s TREASUBY NOTES. (Reported by Chas D Barney & Co) Rate—-Maturits, Bid. er. ilas 2 5 b s 1 i b ot e L A et k ap 253535355555 15 1 1 , . 15 g 1 1 1 1 15 FOOD PRICES BOOSTED. NEW YORK, July 7 (®.—Corn products prices were boosted today in the weke of soaring grain markets. Corn Products Refining Co. and Penwick & Ford, Itd., both announced a general advance on bulk and pack- aged products averaging 15 cents a 100 pounds. BRISK DEMAND EXPECTED. NEW YORK, July 7 (A.—An in- crease in automobile accessory com- pany earnings during the second quarter, compared with the preceding three months and the comparable 1935 period, has led dealers in motor car gadgets to anticipate a good de- mand over the next few weeks. METAL MARKET. NEW YORK. July 7 (P.—Coppet aulet: lectrolytic spot and ‘tuture.9.50: $35 Eaumiriume ‘ummony. ‘spot, 13.00. | Ger Gen Ele 7 | Germ Gov 5% Ger Gov 53865 un st Ger Prv & City Bk con Ag 6%s 58 __ Ger Rep 78 °49 stpd Grt C El Jap 6%s ‘50 Greek Gov 65'68pt pd Helsinzfors 63 ‘60 Hung Con M 7846 Hungary 7%8 ¢4 Febr couponon __. Irish Free St 5s'60 . ltaly is 61 ItalCrd P W 7s'37T A [tal Crd PW 7s 47 B (tal PUCrd is '62 Japan b%s 65 Japan 6%s b4 Kreu&Toll 58’594 ofs Medelin 6145 ‘54 Mex 4s ‘10-'45asst am Mex 48 54 asst Milan 6%s 52 Minas Gers 613s 58 Sept coupon off Montecatini 7s 37 New So Wales bs 'l ~ew So Wales 68 'b! Nord Ry 63s 50 Norway 4%s '65 Norway 4%s '56._. Norway 55 63 Nerway 6s 43 Norway 6s ‘¢4 Oriental Dev § i Ortental Dev 6s ‘63 Oslo 412 Panama (%8s 53 - Paris Orl Ry 63%8°'68 Pernam 7s ‘47 Sept coupon oft Peru 6s ‘60 Peru 6s 61 Poland 6s 40.. Poland 7s 47.. Poland 8s ‘60 - Porto Alegre 8s'61 June coupon off. Prussia 6s ‘52 Queensland 6s‘47.... Rio de Jan 6%s'63 Aug coupon oft ... Rio de Jan 8s ‘46 April coupon Rio Grdo Sul 7s May coupon oft .. Rome 6343 52 Sao Paulo C 6%s 57 May coupon off ... Sao Paulo St 6s 68 July coupon oft Sao Paulo St 7s ‘4 Sao Paulo St 7s Semc upon ~ff ____ ‘68 Stlesian Bk 6s 47 Sydney 51855 . Tokio 63%s "61 Tyrol Hy El T%s 55 Ujigawa E P78 45 Un Stl Wk 6%s8°51 A Uruguay 88 °46.caee-. Warsaw 18°58 ... Yokohama Adams Exp 48 47 Alleg Corp b8 4 Alleg Corp 68 4 91y - 81 178 . 81 61% B57% 60% . 100% 100% 100% 101% 101% 101% 132 129% 129% 100% 100% 100% 8% 6% T8 T1% 71 114 109 108% 108% 111% 1113% 111% 108% 108% 108% 1134% 112% 113% 112% 112% 112% 113% 113% 113 110 1;2 110 Alleg & Westn Allted Stores 43%s ‘50 Allis Chalm 48 *¢6 Am Beet Sug cv 65'40 Am & For Pw 68 2030 AmT&Tecltr b Am T & T deb l oo Anglo Cb Nitr 1 Armour & Co ¢%8 39 Arm'r(Del)ist Armstrong C'E A T&S Fead ¢s Y58t A T&S Fe gn 48 95 A T&S Fe 4iys 48 A T&S F RMt dv4s'é Atl Coast L 18t 48 .n I'I% 41% 41% 2% 172 72 7 70 70 106% 106% 106% 8% T2% T2% 112% 112% 112% 85% 84% 85 85 ¥4% 85 841 83% 84% 97 96% 97 103% 103 103 w:m 103% 103% 96% 96% 96% 1084 108 108% 112% 111% 112% 121% 120% 121% 128% 128% 1287% 104% 103% 104 % 71 T1% 6% T4 75 T4% T4% Ta% 1874 187 187 100% 100% 100% 78% 8% 120% 120% 105 105 8 19 5515 551 57% 57% 97 97 114 1134 114 116 115% 115% - 118% 113% 113% i 118 118 118 N 6s'69July 118 llg 118 Nt 58'690ct 120% 120% 120% Can'dian N db6% 846 128'4 1281 128\ Candian Pdbdsperp 95'% 954 954 Can Pacific 43846 .. 105% 105% 105% Can'dian Pc 4%s8 60 105 104% 105 Can‘dian Pc 58 44 cfs 1154 116% 115% CaroCl& 06838 _ 1074 107% Car & Gen 55 '50 ww .. 105% 105% Carth & Ad 4s ‘81 gtd. 82 82 Cent of Ga con 6s 45 23% 23% Cent of Ga 55’69 C 128 123 Cent Ga Chat 45’51 21 21 Cent ot N J gn b: 97% 97 110% 110% 101 lO(Nu 101 92% 911 91y 106 106 106 125 12215 124% 1411 139 141% 125% 125% 125'% 116% 116% 116% 50% 5015 50% 113 112% 1127% 1117% 111% 1117% 115% 115% 115% 108 107% 107% 7 111% 1117% 17% 17 16 16 104% 104% 34 34 47 Bang&Aroos cv 48'51. Bell Tof Pa bs'48 B Bell T of Pa bs 60 C. Beth Stl 4% s 60 Bos & Me 4‘. 1J Bos & Me - Bos & Me 7 Bot Con M 6%s Bklyn Cy RK b8 41 Bklyn QueensC &S con bs 41 stpd Bklyn Un i Bklyn Un G Buff R&P con ¢ Bush Term cn Bush T Bidg 6 By-Prod Ck 6 %s 46.. glflldl So bs 62 A 9T Cent Pac 58 ‘60 (Cert'a deb 514848 _ Champ P&F 4%s 50_ Chesap 6 Chesap Corp b - C&Ogen 44892 C&O R&A 1t 45°89__ Chi& Altrer 8s 4y .. Ch B & QRen 48 '68__ ChiB&Q4%s 77 Sh B& Qrefbs‘T1 Chi B&Q 1d1v 3% #49 Chi B&Q | div 48 '49 Chi& £ 111 6s°51 Chi & E 11 6s ChiG L&C Ch1Grt W 48 CM&StP gn 31/.- 398 CM&SLP ¢8 '59 CM&StP gn 4%s 89 Co CM&StP ¢%s 89 CM&StP b8 ‘76 CM&S!P&P adi5: Chi&NW gn 3148 '87_ Ch1 & NW 4% s 49 Chl & NW gn 68°87._ 7(Chi & NW rf 53 2037 3| CENW Nr W 6345 ‘36 Chi R 1&P rt 48 ‘34 Chi R 1&P rf 48’84 of Chi R I&P gn 48 '88 C R I&P 48 88 ctf. Chi R 1&P 434852 Chi T H&S 1st bs 60 ChiUn Sta3%s 63 E. Chi Un Sta &8 44 . _ Cht Un Sta 4563 _. Chi & W 1 con 48 '52.. Childs & Co6s 43 __ | Chitle Cop deb b8 477 |CinGas 1 4s'68 A __ | Cin Un Ter6s'67C__ CCC&StL gen 45 93 CCC&StL rf 4% &'17E CCC&StL rf 68 ‘63 D CCCAStLCW&M48'91 ClevClifts it 4% s 60 ClevEl Lilu3%s 65 Clev Short L 4345 '61 Clev Un Ter 438 77 Clev Un Ter 88 ‘73 B Clev Un Ter 534 Colon O] 68 ‘38 Colo Ind el tr bs ‘3¢ Colo & So 438 80 Columbia G & B §2°62 May __ Solumbla G&E 6s°61 Columbus&Tol 4s '55 Col & H Val ext 45'48 Come! Inv T 548 49 Con Ed (N Y) 33846 new____ Con Ed (N Y) 3138 °56 new Cons GasN Y Hgs 51 Cons Gas N Y 58 '5 Consum P un 34 cs Cons Pwr 338 '70 Consum Rwr 8%s ‘65 Container deb bs 43 Container 6s ‘46 Crown C&S 4s 50 # | Cuba RR 1st §8 52 Cuba Nor RR 6%s ‘42 Del & Hud ref 4= 43 Den & R Gcn 4s 36 Den& RG W 5855 _ Nen&RGW 6s'55asst_ Den& RGrfbs 78 _. Detroit Edis 48 65 F. D Duquesne Lt 3%s *56 ECuba S 73s 37 ef Eriecv 4s 53 B_ Erie con 48 '96 Erte gen 4s 96..... Erteref 68 °67....... Erfe ref 6s ‘75 Erie Pa col tr 48 '51.. Fla EC Ry 5374 Fla EC Ry 63 "4 cfs_ FtW&Den 18t5%s'61. Gen Am Inv 6s '52. Gen Cable 5358 47 Gen S Coks Goodrich 6s ‘46 Goodrich 6% Goody'r T&R Gould Coup 65°40 . Great N Ry 45’46 G . Great N Ry 4846 H. Gt NRref ¢%s'61 A GtNRgen 414876 D GtNRgens%s 11E GtNRG6%8'52 B Gulf M & N b ‘60 GuitM& Nb6%s'5 Har Ry-P C 1st 45'6 Hoe(R)&Co 6% Houston 01l & Hud & Man ine Al’l - Hud & Man ref 5 111 Bell Tel 338 70.. Il Cent 3%s 11 Cent coll tr (11 Cent coll tr 83! 107 107 1051 105'% 105% 105% 105% 105% 94% Inland Sti3%s 61 .. Int R T 1st rt b LRTist fl Gl'l( cfs. Int Cement Int Grt Nr Int Grt Nrad) int Hydro E] 68 44__. Int Mer Mar Int Pap 1st Int Pap ret Int Ryof CA 6s'72__ Int Ry of CA 6541 9% 9% 9% 134% 134 134% 36% 35% 35% 9% 9% 48 47 2% 2% James F&C¢s'39... 9% Kan C 8o 1st 3550 KanCSorfin 90 89% 89% Kan C Ter 1st ¢ 108% 108% 108% 94 94 94 101 101 101 Keith 63 '46 1025% 102% 102% Ky&Ind T 4%s ‘61 Kv&Ind T 433 ‘61 st. - 115% 115% 115% 108 107% 107% Kings County Light 1st ref 65 "5 . Kresge Foun Laclede Gas 68 3! Laclede G 639 ‘53 [N Lake E&W 1st 65°37 Lake S&M So 3%s '97 Lautaro Nitr 68 4T% 4T% fo Leh V P con 438 3003 Leh V RR con 68 2003 Ligg & Myr 68 5. N 1st -nox___. Nunif 4840 .. N4%82003C.... & Nrf5%s2003 .. L &N At] K&C 45’55 L & N So Mon 1t 48'52 McKess & R 6% ‘50 Marion St Sh 6s 47 Market St Ry 7840 A Mead Co 6s 45 Met Ed 18t rf 43868 Mich Cent ¢%8 79 Mil E R&S L rf Minn &S Lrfds" Minn & S L 5s "34 c MStP&SSM cn 45 '3 MStP&SSM cn MStP&SSM b MStP&SSM 6%s 'll.. Mo I11 68 59 Mo Pac bs 811 Mo Pac Mo Pacb%a 49 A Mohawk & M Monong Ry 18t 4s Mont Cent 6s '37 Mont Pwr ret Mont Pwr 6 Mont Tram bs dl Mor & Esx 8%s 2000 Mor & Esx 4%s 656 __ Mor & Esx 58 ‘65 Mut Fuel Gas 58 '47__ Nassau El 4s ‘b1 gtd Nat Dairy 3% s'51ww 5 w E T&T 18t bs 52 New Or GNR bs 83 A. NewOr PS6s'62A__ New Or PS68'65 B _ New Or T&M 6s ‘64 B New Or T&M 6%s 54 N Y Cent 3%s 97 __ N ¥ Cent con 8 ¥ Cent rt défil 2018 YCrf4%s2013n.. ¥ Cent rt 68 2013 N ¥ Cent cv 68 - NYCLSh3%s'98 _ NYC&St L 1st 48 '37_ NYC&StL 44878 __ NYC&StL 6%s 74 A_ NYC Mich C3%s 98 N Y Conn 1st 433563 N ¥ Dock 18t 4 ‘61 N N N 9 NYL&W 15t 4878 _ | NY NH & H3%s '54.. NYN. N N N H 3%s°56.. H H H NH & & &H NH & H NH & H NH & H H & H O&W gen 4s ‘65 O&W ref 4892 Qns con 3% '65_ Rys tne 6s 66 Steam 18t 6s'51. N Y Steam bs 56 N Y'lelgen4lys !9 NY Tr Rk 68 ‘46 stp__ NY W&B 4340 46 Nlag Sh 6%s 60 Nort& W 4896 North Am Co 68 61 _ North Am Ed 68 69 C North Am Ed 5% 563 Nor'n F gen 38 2041 Nor'n Pac 4s 97 Nor'n Pac 4%8 2047 Nor'n Pac 68 2042 C. Nor Pac 68 2047 D_ Nor'n Pac 68 2047 ___ Nor'r. 8t P 18t55'41 A North Sts Pw 53 ‘64 Ogden L C 45 48 Ohilo Edison 4s 65 Ore RK & N 43 46 Ore W RR&N Otis Steel 6s ‘41 38 Pac T&T rf 3%s'66 B Pac T&T 1st 5837 . Pan-Am P C 6s ‘40 ctt Param’t Pic 6s 65 Park-Lx 648 ‘53 cfs_ Parmelee 68 44 . Penn O&D 4%s'77. Penn F & L. 4 Penn R R Penn | Penn RR con - %5 60 Penn RK gn 4.8 65 Penn RR db 1148 70 | Penn RR gen 58 68 _ Pere Marq I8t 48 56 Pere Marq ¢14s ‘80 52\‘ 52% 62“ 57 - 128% 123% 128% 133% 133% 133% 96% 96% 96 104% 104% 104% 4% 941 9d% 102% 102% 102% 108% 108 108% 1081 108% 108% 103 103 103 112% 112% 112% 95% 95 954 103% 103% 103% 83 83 83 101 101 101 104% 104% 1043 109 109 109 104% 104% 104% 105% 105% 105% 3% 3% 3% 5% 6% B 33% 327 33% 324" 32 41 40 27% 27 92% 92% T38% 38 91% 91% 83 8214 58l 57% 124 12 30% 30% 31 301 1% 31 31% 30% 31 304 9% 9% 92% 92y “110 110 103 103 1077 107% 103 102% 103 103 93% 878 9714 1164 116% 65% 654 1058, Pere Marg 18t 53°56_. 1 Phila Co bs 67 Phila Ei Co 4871 Phila & R C&1 68 ‘7 Phila & R C&1 6s 03 Philippine Ry 4s 37 Pillsbury FI M 6= '43_ PCC&StL 4%s 42 B_. PCC&StL. 4%8'77C.. PCC&StL 5875 B __. Pitts&WVa 4168'68A Pitts&W Va 4%s8'59B Pitts&W Va 4145'60C. Postal Tel & C 68 563 Pri Gen El 433 60 | Prov Sec deb 48 '57 PubS E1 & G 45 71 . Pure O1l 4% 50 ww_ Pure Of] 48 50 xw._ R-K-O 68 '41. Rem Rand 4%a 56 ww Republic Stl 41 Republiic Stl 4348 Rich Term Ry 58 '52_ Roch G&E 6562 E RG W Istexin¢s'39 RIoG W col4s 49 A R1A&L 1st 418 '34_ Rutland Can 4s 49 Rutland RR 4%s 41 St L 1M&S R&G 4533 St L-S Fran 48 '50 A _. StL-SF 4s'50 A St L-S Fran 43 - St L-SF 4%s'78 of st. StLSWegnrtfbés 90_ St 1. SW Ist ter 6862 StPKCSL4%s 41_ St P M&M ext 6s 43 __ San A&A Pass 4s 43 Schulco 63%s 46A stp Seabd A-Fl 6s'35Act Sharon Stl cv 433 #'51 Shell Un deb 3% s 61. Stlesian Am 78 41 Skelly Ot 4s ‘61 Socony Vac 3%s §0. So Bell T&T 6541 ... So Colo Pw 6s '47 A__ So Pac ref 4e ‘G5 104% T4 100 107 108% 107 964 7% - 97% - 114% 114% um %! SORIM&OI.'II oee So Ry St Ddiv 4s '51. S W Bell Tel 3%s Studebaker cv 65 4 Swift & Co3%s Tex & Pac68'79C. .. Third Av ref ¢s ‘60 Third A ad in ex 63'60 Tri-Contl Corp bs 53 Un EI L&P 68 57 Un EI L&P 5%8 '84__. Un O1l of Cal 48 47 e Un Pac 1 Un Pac 4s ‘68 _ United Biscuit 5s ‘50 Unit Drug bs ‘53 Unit NJ RR 4s'4 Uriv Pipe & R ¢ 67% 67 674 103 102% 1024 86% 864 85% 94% 93 93% - 1057 105% 105% 96 95% 95% 103% 103% 103% 99% 98% 99y 108% 108% 108% 104% 104% 104% 102% 102 102% 104% 1037% 103% 1T 104% 10415 104% 106% 106% 106% 116 116 116 . 113% 113% 1133 103% 103% 103% 107% 107% 107% 1017% 101% 101% 112% 112% 112% | Potomac Electric [ Amer Tel Col. Countiy Club 5las D. C. TUESDAY, - [KRESGE SALES UP SHARPLY OVER 3 Spiegel, May, Stern Sets All- Time Peak—Grant Total Also 8oars. By the Associated Press. NEW YORK, July 7—8. 8. Kresge & Co., operating & chain of retail stores throughout the country, re- ports June sales of $12,182,365, com- pared with $11,048,088 in the 'ike 1935 month. For the six months ended June 30 sales were $64,330,080, against $61,229.911 in the first half of 1935, Splegel, May, Stern Co, a mail order firm, reports June sales wele the greatest for that month in the company’s history and marked the forty-first consecutive month in which sales showed an increase over the comparable month of the pre- vious year. June sales of $2,791,924 compared with $2,356,850 in the like 1935 month. Sales in the six months ended June 30 were $17,764,331, against $14,993,373 for the like 1935 period. W. T. Grant Co., operating a Na- tion-wide chain of merchandising stores, reports June sales of $8,371,- 061, compared with $7,654,459 in June, 1935, a gain of 9.3 per cent. In May sales were 12.1 per cent ahead of the like 1935 month. Sales for the first six months totaled $41,755,- 050, against $40,444.056 in the first half of 1935. Substantial gains in sales for June | over the comparable period last year | were recorded in monthly reports of |, | other chain store organizations. Reports compared as follows: Interstate Department Western Auto 5unnly 000 Butter Futures Jump to Highest Point in 6 Years’ | | By the Associatea Press. CHICAGO. July 7.—Butter futures| sold at the highest prices since Janu- ary, 1930, again today as the market shot upward more than a cent. “Spot” butter advanced 1}4 cents to 33 cents :{a pound, highest July price in six years and within four cents of the 1936 peak established in April. | In a market based on drought con-| ditions.- butter futures have mvancedl L almost six cents & pound in the last| three weeks. November butter opened at 34': cents and immediately rallied to 34%, | for a net over-night gain of 1! cents. A year ago this same contract was| quoted around 24 cents. test reports to the trade indicated butter production was far below normal, and storage stocks in the United States were estimated around 25,000,000 pounds below a year ago. Washington Exchange SALES. | | | Mergenthaler Linotype—7 at 4714, 10| {'00a} at 4612, 10 at 465, 10 at 4614, 10 at 46, 10 at 46. AFTER CALL. Capital Traction 55—$3,000 at 92: $500 at 92, $2.000 at 92°4. 527 pfd—5 at 1113g Mergenthaler Linotype—20 at 46, 3 at 46, 20 at 46. 1 BONDS. PUBLIC UTILITY. . & Tel 4125 ___ 113 Wash: 88%.% Bee 106%s MISCELLANEOUS. Chevy Chase Club 5las. 108 105 .M. Cold Storage 100 STOCKS. PUBLIC UTILITY. [ pital, Tiansit Co. Ry. & EL Co. Wash. Ry. & EL. pid. (3) BANK AND TRUST CO\APANY 5 26 FIRE lN!URANCE American (:12) a5 m National Union (. TITLE INSURANCE. 7 Columbia (.30) Real Estate (6) MISCELLANEOUS. garnel Corp. (1.60) | - %23 nston Monotybe Mersemnaier Linotype ‘(£ Wdwd. Weed £ e *Ex-dividena ;gl%:reg;.“exlf. §50¢ Daid May 15. 1036. 4 Der cent exti Utab L&T 6 Utah P&L 68 - Util P&L 68 Utll P&L 6%s 47 Vanadium ¢v 68 "41... Va E&P Ist ret 48’56 Ry 15t 3%s'66 A_. High Low. Close. ‘44 A._. 102% 102% 102% - 104! 104 4 108% 108% 108% 105 104% 105 89% 89% 89Y% 2% 2% Y% 261 26% 102% 102% 102% 28 27 274 21 21 27 27 21 27 104% 104 104% 94% 93% 93% 60 60 60 1221 122% 122% W Sh i1st4s2061 ‘ld . 90% 90% 90% w Sh 1st 453061 reg. 86 86 86 100% 100% 100% . 106% 106% 1064 33% 33% 33% 32% 82% 32% 106 106 106 107% 107% 107% o 99% 99% Wabash 6s ‘80 D Walker H&S ¢% s 45 Warner Bros cv 6s 39 wnul Stew! nfi- L Wilkes B&E 1st 65°42 Wilson & Co 48 b Wis Cent 1st gn 4s 49. WisC 1st gn 489 et Wis C S&D ter 48 '36 Y'ngst'n S&T 3%s'51 YngstnS&T 4s61_. Youngtn S&T 88708 JULY 17, 1936. Iron and Steel Exports Increase Well Above 1935 By the Associated Press. The Commerce Department said that May exports of iron and steel products continued well above those of May, 1935, both in volume and in value, although less than in April. "The totals were 97,511 tons valued at $7,388,962, for May, 1936, and 65,- 650 tons valued at $4,643,878 for May, 1935. Iron and steel products for the first five months of this year were well above export totals for the same period in 1935. Washington Produce BUTTER—Range of prices in stores gathered from wholesale dealers (prices to pearby shiopers based on Philadeinhis New Fork Brices). One-bound printe. car- ton (83 score). 94: 1-bound prints. €arion (90 ‘score). 33: Ya-pound prints carton 92 score) s-pound prints, carton (90 score) 34: tubs (92 score). 33: tul (90 score) 32 MEAT—Beef. 17a16: lamb. pimoked ham ham ork loin Ilrd Tomartr 12012%. goenanng m‘,}:’]}:} ETOCKaPlr n‘:ulfl lllh! hon 2 1034 e mediums. roughs 5af Prices paid shipoe Wi Ington by the Uniiea Btaies Buires Agricuttural Economics) vi ) ul unchansed 2215 hene at 1 T 1. cents premium’ Governmens eraded and dated white eegs (including grading and marketing costs): U, S extras laree 31 xtras_ mediums, 27 3 Standards laTke : U S brown stand- ards large 2its LIVE POULTRY—Market stronger on Rock chickens. Heavy fryers bringing 1 cent more. Fowl: Colored. heavy. 1Ra20: Leghorns 16al%: roosters 12al4 i ens., [Fiymouth Rocks, brollers and Tyers. Leghorns _17alk:. mixed colors. Turkevs. Hens 1%: 'a few at 10 14a15; o few 16a17: No. Inl'l Fruits and Vegetables. Enlr: in lar Iou by original receivers am. tod; P CANTALOUPES. One California arrived: three broken and three unbroken cars on track. ~ Supplies moderate; demand good: market slightly weaker. Califo; soft. salmon meats. fumbos. 2 sonm:m stock Sunnhe! : demand good: merket steady South Carolina. salmon meats. standards, all sizes. a1.50: few higher. HONEYDEWS Ot " Callfordia arrived: three broken and two unbroken cars on track. -~ Supplies d_good: market steady dard crates, PEACHES. Three Georsta arrived: one broken and two unbroken cars on track Supplies light. cemand good: market feady, Georeia, To-pushel baskets S No. 1. 1%acinch minsmum. 1 hann Clrnhnu bushel baskets U 14 inches. 1.50a1 bushel 8 No.'1] 2-inch l‘yo'd-n Jubilee. U mi WATERMELONS. One Bouth Carolina arrived two unbroken moderate Georgia 100 melons.Tom | Watsons 3233 pounds average. 50.00a A000: bulk. per 100 melops Dixie Belles. 26-28 pound<"average. 25 00a30 ( | OES Catlor arrivale: o care | on track i demand mod- erate marke barrels by boa in; vy - | June 23 st couviers §S. No : - Georgia. one four broken and | Suppiies | steady. | b inia truck receipt M receimie Wert Shore Ve rels Cobblers. U.§ No 1. 4.00 HONEYBALLS—No carlot_arrivals: ene | broken and one unbroken ecars on track Supoles light: demand moderate: market Iy weaker k! als no cars | demand lteht: | Western let- | OTS.—No carlot_sri Supplies 1iaht arket steady. Caiifornia Thce eratns _bunched. A0 ELER' c arrivals: two individually washed and pre-cooled -4 dozen COR! track | hberai- n | North Carolina. stand 50a60: sacks. 5 dozen | Maryland. sacks. 5 dozen 7 CUCUMBERS_Subpiics. moderate: _de- mand " licht: marker steadv. Maryland. bushel baskets 50a75. 00. Lettuce Market Dull. | LETTUCE — One _ California arrived: seven broken and three unbroken cars on track Sunolies moderate: demand light: market @ull California. Western crates | | Teebers type. 5 dozen. 3 50a4 00 poor con- | dition. 2 00: 6 dozen 2.50a3 04 ONION! No carlot lrrhlls no cars on track. Supplies moderate: demand moderate. market steadv. Texas. 50- | pound sacks Yellow Bermudas. U. S. com- mercial 125 TOMATOES—No carlot arrivals: no cars Supolles moderate: ' demand market we North and_ South & and u..sm:nm Tiz boxes Tines Tning wr 6x0 and larser fair condinon 50: nearby sup- | Difes liberal LIM A BEA ‘*—l'ml(rdt moderate: de- mand good: market ste; North Caro- lina, bushel hamoers. 1 0: few 2.5, e Eastern Shore. | few 1 mand moderate: ma i w:_ New Jersey plies moderate: de- mariet Guil Penneyivania [ 50 arrived: one cars on track according to boxes. No 1 675 30. as to orth Carolina. querts | | hampers. Tele Washington. * baskets fair qua 50 s PINEAPPLES—Cuhn BANANAS _Three 300: | | two a c as. cars arrived: 3| broken and one unbroken cars on track. L. C. L. Express Arrivals. Delaware. 16 crates asparagus: Florida. 27 lugs avocados. 41 bushel basiets e plant. 32 lugs limes. -pound baskets | 5% lugs Moc;dw No:th 0-poun: cantaloupes crates raspberries #6 bushel by baskets peachs New Jersey. 12 | Pennsylvanis rooms: Virgini known origin. s 65 b 7 bushel baskets squash uart . rates blueberrics: 5-pound baskets mush- 5 barrels watercress: un- 37 crates mixad vesetables. ——e. INSURANCE SHARES UP. NEW YORK. July 7 (Special).— Insurance stocks in the New York City market closed the last week at slightly higher levels than a week ago, according to figures compiled by Hoit, | Rose & Troster. The aggregate value | of 20 leading fire and casualty insur- ance issues on July 3 totaled $637.- 971,000, compared with $637,918.000 at the close of the previous week, an | increase of $52,189, or 0.01 per cent. KNITWEAR PROMOTED. NEW YORK, July 7 (#).—A promo- tional campaign on women's knitted apparel has”been launched by the Knitwear Institute and more than 50 leading manufacturers of that type of sportswear have contributed to the fund established to carry out the pro- gram. MONEY for BUILDING ol REFINANCING PRUDENTIAL BUILDING ASSOGIATION 1331 G St. N.W. Room 305 Dlst. 6270 FINANCIAL. WHOLESALE INDEX CONTINUES TO RISE Fertilizer Association Finds Average at 77.9, Against 77.4 Week Ago. Rising for the fourth consecutive week, the wholesale commodity price index compiled by the National Fer- tilizer Association, rose in tone week ended July 4 to the highest point registered since last February. The latest increase took the index to 77.9 per cent of the 1926-1928 average, compared with 77.4 in the preceding week, 758 & month ago and 76.1 a year ago. ! As had been the case in earlier weeks, the latest rise in the index was due largely to higher prices for farm products. In the last three weeks the index | representing the price of farm com- modities increased 6 per cent. Cotton and most grains, hay, live stock and poul increased in price last week. Although more items in- | cluded in the foods group advanced in price than declined, the effect of fall- ing prices of several of the heavily- weighted commodities resulted in a slight decline last week in the group index. Textile prices were mixed during the week, with rising quotations for rayon, cotton and certain cotton tex- tiles, offsetting the effect of lower prices for silk, wool, woolen yarns and burlap, with the result that the group | index remained unchanged. i The mark-up in finished steel prices as of the first of July, combined with a rise in the price of steel scrap, re- sulted in a moderate advance in the index of metals prices. The building-materials index rose to a new high for the recovery pe-' riod, caused by rising prices for! Southern pine, glass and roofing. A continuation of the upward trend | in the prices of crude rubber and | cattle feed was largely responsible for | the index representing miscellaneous commodities again moving upward. INVESTMENT COMPANY STOCK INDEX EASES | Siectal Dispatch to The Star | NEW YORK, July 7.—The invest- ment companies’ common stock price | index declined fractionally last week. | as evidenced by the averages com- | | piled by Distributors’ Group, Inc. The average for the common stocks of 10 leading management companies influenced by the leverage factor stood at 19.17 at the close of July 3, com- pared with 19.42 on June 26. i The average of the mutual funds | closed at 15.30 July 3. compared with | 15. a: at the close of the prevmu.s ! weel E-M-.!‘M&!—!fl Loans up to 80% of actual valuation. Frederick W. Berens McLachlen Bldg. Phone National 3280 Mortgage Loan Correspondent Security Muteal, Life Insurance’ Co Massachusetts Protective Companies Convertible Stocks & Bonds A Selected List for the investor desiring safety, return and apprecia- tion. Descriptive matter free upon request. GEORGE M. FERRIS & CO., INC. Washineton Blde. Natl. 392526 Member Washington Stock Ezchange *¥¥ A—17 250 TONS OF LEAD SOLD. NEW YORK, July 7 (#).—The St, ' Joseph Lead Co. reports that 250 tons of pig lead from Southeast Missouri * mines were sold yesterday at $4.45 per 100 pounds, St. Louis. Investments 51/ % First Mortgage, g Real Estate Notes ecure N W soction of apey Bradley, Beall & Howard, f.r, zuabumu Nearly 40 Years NA. 023 Southern Bids. DIRECTORY COMMODITY BROKERS Member N. OTTO! e e P Couon. S GRAI uembeu Chicaso lo-xd of Trade RUBBER—HIDES—METALS—{ Members Commodity Exhange. !XI’Y!!‘E‘ Laidlaw & Co. B 2955 Westheimer & Co. --NA. 8500 Money for Construction Loans Loans on Improved Properties 5Y2% FIRST DEED OF TRCST ONLY GEORGE 1. BORGER Suceessor to the Busness of JAMES F SHEA 643 Indiana Ave. N.W. NEED IT FOR HOME and SMALL BUSINESS PROPERTY LOANS Applications Invited 1505 M 8t. N.W.—Nat. 2848, City & Suburban Railway First 5s of '48 Capital Traction Company First 5s of '47 Anacostia & Potomac R. R. First 5s of '49 Recent report on above now available. without _obligation. Write. phone or drop in for complete information. HERTZ & CO,, Inc. 735 Southern Bldg. Investment Service PENNEBAKER GRAPE & CO - INVESTMENT BANKERS * Tenth Floor, Southern Building B NAtional 2311 SR TIIERE are so many ways in " khich the facilities and ex- perience of our Property Man- agement Department can be of profitable service to owners of apartment houses and residen- tial properties. Let us explain in detail. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans VACATIONS and SECURITIES Before leaving for your summer vacation, you can place your securities in safekeep then be immediately -vnh with this firm. They will ile, subject to your tele- graphic instructions, m the event that prompt action in connection with their dis, than 40 offices of this firm becomes desirable. More are located in this country and abroad. Many experienced investors have found that such an arrangement adds much to the enjoyment of their holidays. FENNER & BEANE Members New York Stock Exchange and other leading Exchanges Southern Bldg., 15th & H Streets N.W. HOME National 7000 LOANS To Build or Refinance Interest as Low as 3% Easy Monthl; as low as $7. Payments 0 per $1,000 4% NOW PAID ON SAVINGS Federal Insurance protects your savings here, COLUMBIA 716 11th Street up to $5,000. BUILDING ASSOCIATION Oppdsite Palais Royal