Evening Star Newspaper, July 13, 1936, Page 13

FINANCIAL INDUSTRIAL LOANS AND RAILS —GAlN Aided by Seasonal Carload- ings and General Business Momentum. Averages Rally tndas Ol porn 1.’2 % +.4 Unc. 93110321027 69.1 92.9103.3102.3 69.1 923102.9101.7 695 814 982 963 694 94.3104.11025 720 8691018 99.3 67.6 8781022 998 764 922 845 458 400 646 101.1 9891029 1005 10 Low-Yield Bonds. Noon ....111.8 Prev. day- 1118 Mo. ago.1120 Year ago-110.5 1936 high. 112.3 1936 low-- 110.2 1935 bigh. 110.7 1935 low.. 107.9 1928 high_ 1044 1932 low.. 86.8 (Combiled by the Associated Press.) Net change. Today, noon Prev. day... Month ago- Year ago... 1936 high- Py the Assoctated Press. NEW YORK, July 13.—Recent bet- ter than seasonal carloadings impetus cnd continued general business mo- mentum today aided rail and indus- trial Joans in the bond market. Gains of fractions were scored by Bethlehem Steel 41,5, Chesapeake & Ohio 4!,s, St. Paul 5s, Northwestern 4%s, Great Northern 4!3s, Interna- tional Paper, Missouri Pacific 5s, Na- tional Dairy 3%s, Shell Union 3'as and Southern Pacific 4! A handful of issues vielded a lit- tle, including Alleghany 5s, Pacific Gas 5s and Western Union 5s. Wal- worth 4s were off a point or so shortly before noon. Modest gains and losses were about a standoff in the United States Govern- ment list. 3%s of 1956 and the 3's of 1946. Under some pressure were the 27ss end 234s of 1947. THREE BANKING OFFICES OPENED DURING WEEK Srecta! Dispatch to The Star CHICAGO, July 13.— Three new banking offices were opened during | the last week, one in New York, one in Nebraska and one in California, according to the Weekly Banking Market released by Rand, McNally Bankers' Monthly. The Weekly Teports two conv @° one absorption and five § liquidations. Ban}.mg Market also three mergers, volumary — -~ INVESTING COMPANIES NEW YORK. July 13 @.—New York Security Dealers’ Association B Admin P4 ond Inc 17 Eq Inc 1 11 oc 1 Basic Industry 4.6 PBroad st Iny Tru \ Corporate Tr\lst A Al Corp Tr A A moc .Carp Tr Bedion Ber 172 *Corp Tr Acc_Mod Cumulstive Tr Sh Bk Sh N FPU() Corp $3_pf Fidelity Pund Inc__ Eirst Boston Corp Find_Tr Shis B Gen Investors Group Sec Agriculture - G Automobile Food ec Invest Shrs Sec Merchandise .. e : 0, W )\m h Am_Bond Tr ct Nor Am Tr_Share Nor Am Tr Sh us cv Irask Fund Util Inc FOSE FEDERAL LAND BANKS NEW YORK, July 13 .- ~ank bonds: (N2on quotatiol Federal Land SKORT-TEBM SECURITIES. (Reposted by Chas. D. aarneBy &Co) Beet Sugar 6s Amer; Best Fefe5,08 101 Atantic Refining 55 California Packing 55 m-m ir.fd ul E EI. Tiium. 45 193 muh Seryive 5ias 1039 Erie & W Pahien Valley "Goal e 3 ong Island Gen. 45 1 auisville & Nash. S Wes| i S e fei. % Tel. 5 10 Fitatern 'as 10 . of Clhl 55 xw & RS f 10 Un S Tl 55 1938 o POREIGN MARKETS: LONDON. July 13 P._-The et closed irregularly ‘today. many f%les - declining 'due .to the absence of Woportine orers. - The strensth in_ steel es, Kafirs and oils featured the deal- Trans-Atlantic ir u] Furopean bonds {iigt ‘and"Steady LIVERPOOL, July 13 (P.—Wheat fu- loed more tean 3 pence lower on quidation, absence of demand h irain and improved weather con- in North America. “cotton futures_closed lowcr. u-lmred tavidation, being prompted by gore favor, tble wesather itates. S4ARIS—Closed, national holiday, Western stock se- remained Demand lu uor. In demand were Treasury | THE EVENING BONDS ON N. Y. STOCK By private wire direct to The Star. Approximate Tl’lw“lllll Today. U S Gov't Bonds Domestic Bonds TIEASUIY Hoa "s 1023 10111 102 15 104 19 1068 10828 10726 108 31 101 10 102 12 104 16 106 5 108 28 107 24 108 81 101 10 10213 104 19 106 5 108 28 10726 10831 11.”51& 49 s 1941 _ 3‘&!1944‘46 3755 1941-43 Mar 3381946-56 11115 11112 11115 474s-3%51043-45 1085 1082 (085 FEDERAL FARM MORTGAGE. 2% 519424 10220 10220 10220 HOME OWNERS’ LOAN. 2108 1942-44 10118 101 15 101 18 235193949 10117 10115 10117 38’1952 -~ 10230 102 28 102 30 FOREIGN BONDS. Hish. Low. Close, Abitibi Pa&Pw 58 ‘53 B84 BT 1% 9% 9% 94 9 9% 9% 94 94 9 9 Antioquia 7 Antioquia 7s '45 D Antioquia 1st 785 Antioquia 2d 7s'57new 9 9 9 Argentine 5%s'62____ 100 993§ 991§ Argentine 6s 10055 1004 10084 10034 10034 1003 - 10034 10034 10034 1003 10055 1008 1005 1003§ 1003 10035 1004 10034 1001 10015 1001 10085 10015 1003 10134 10134 10134 1067 10634 10634 107 107 107 9% 9 96 106 1054 106 10744 10734 10734 116% 116% 116% 1063 1063, 106% 233 23y 2614 254 253 250 261, 26% 313 313 101 101 69% 70 983 983 67 67 Argentine 65’60 May - Argentine 68 '60 Sept . Argentine 6s 60 Oct Argentine 6s '61 Febr | Australia 4155°56____ Australia 58’55 \ustralia 5 Austrian Belgium Belzium 61 | Belgium 7s 5 Belgium 7s '36 Berlin Elec Brazil 6 Brazil 6 Buen \n,v 43875 Buenos A C6128'55__. Buenos Aires 475 8-4 35 s Buenos 4% 7 BuenosAC sl,a slst['\ Bulzaria 712s 68 May coupon off Canada Canada 3 s Canada 45 '60_ Canada 58 52 Chile 660 __ Chile 65’61 Jan' Chile 6s ’61 Febr_ Chile 6s 61 Sept_ Chile 6562 Chile 6s Chile 7s*42__ Chile Mtg Bk 612857 | Chile Mtg Bk 635’61 Colombia 6s'61 Jan ’ Colombia 6s '61 Oct. Col Mtg Bk 7s 4 | Copenhagen 41 Copenhagen s '52 | Costa Rica 7. Cul 14" 657§ 69 69 69 16 16 995 9914 T 10214 mz;. 10235 4 109% 1143 T ls Czechoslovakia 85 '51_ Denmark 4128 " | Denmark 5138 | Denmark 6s 4 Dominie 1st | Dominic 1st 51 El Salvador §s *18 ct__ Finland 61,5 | Ger CBk A 65" Ger Gov 5138’ | Ger Gov 513865 un st Ger Prv & City Bk 1 con Ag 613 | Grt C ElJap ’(.reek Gov 65768 i Hunzary 7 Ttaly Ttal P U Crd 7s '52 Japan 513s '6; Japan 61.s *54 Jugos Mtz Bk 7s '57 unmat coupon Karstadt 6s '43 ctfs Kreu&Toll 5’59 A ctfs Low Aus HE 6125 44 | Medelin 613 Mex 4s'10-’45 asst sm Mex 45 '34 asst Mex Mex Ire 41 | Milan 6155 | Minas Gers 6125 5 Sept coupon off. | New So Wales ; | New So W 173 1031 10334 9634 10185 10114 2024 623 113§ 113§ 53 1734 10314 10334 1013¢ 10134 2075 621 \unmbcl Panama | Peru 65’60 | Peru 65’61 | Poland | Poland | Poland 8s ! Prussia 6s | Prussia 6 | Queensland 7s’11 | Rhine W E1P 6 Rhine W El P 65 Ri6 de Jan 615 " Aug coupon off Rio Gr do Sul 6s '68 June coupon off ___ Ruhr Chemical 6s *48_ Rumania 7’49 Aug coupon off Sao Paulo C 85’52 coupon off Sao Paulo St 75 '40___ Sao P'aulo St 7s ‘56 Sept coupon off Sao Paulo St 8s '36 July coupon off 21/6 lll!. mg 24 244 2414 244 16 16% 243 ol\m E L Ltd 6s a’.( | Tyrol Hy Elec 71s" Uruguay 6s'60__ Uruguay 8s 16 Vienna 6s'52 May co- Warsaw 7s'58__ 3934 Westphal El Pw 6s'53 24 DOMESTIC BONDS. Adams Express 4s°47. 103 102 102} Adams Express 4s’48. 103 10275 102§ Alleg Corp 5s ‘44 Alleg Corp 55’49 Alleg Corp 55’50 Alleg Corp 5s *50 stp.. 65! 3 Allied Stores 4158’50 101 101 101 Allis Chalmers 4s°45. 134 133 134 Am Beet Sug cv 65 °40. 1004 10034 10015 Am & For Pw 55'2030. 77 7% 1Y% Am Ice cv 55’53 3% 1844 734 AmIGCh5%s’49___ 113 112 113 Am Intl 535849 106 105 1055 Am Roll Mill 4%s “9_ 118% 113 113% AmT& T 432839 . ___ 11134 11134 11134 AmT&Tcltrbs " 10834 108! 108}% Am T & T deb 5560 118% 1123 11234 Am T & T deb 55’65 1185 113 113 AmT&TS‘/&!'IB 113% 113% 118% Am T F 2% 8- 13 112 113 Am Wat Wks 6s '75 11034 110 110 Am Writ Paper 65’47 36} 38 36} Anaconda deb 4125’50 105 1043 104% Anglo Ch Nitr 7s'45__ 303 30% Anglo Ch Nit 78’45 ct_ Ann A 1stexin 45’95 Armour & Co 4155’39 Armour(Del)1st 48’55 A T&S Fe adj 4s 95 st A T&S Fe gen 48 '95__ A T&S Fe 41,548 A T&S F TCSL 4858 Atla&Ch A L 4158 '44. Atl Coast L 1st 48 '52_ Atl Coast Liclt 45’52 AtICLun41:s'64 Atl Coast Line 58’4 Atlantic & D 18t4; Atlantic & D Zd Auburn Auto 4% '33_ Baldwin Loco 58 '40. B&O1st4s’4 B&O 4%s B&O1stbs O r 93;4 54 54 913 104 104 104 9T 9K 9Ty 1103 1105 11085 115 1143 11434 112 111% 1118 1133 113% 113% uw 1105 110% 106 107 1056 105 10844 107 9634 | . k(} i 113y 11z Bell T of Pa 58 '60 C. Beth St1 4,560 sf_ Bos & Me 435761 J_ Bo# & Me 58’55 Bos & Me 58 '67. Bot Con M 6158’34 ct_. Bklyn Cy RR s’ Bklyn QueensC & S con 58 '41 !!pd Bklyn Un G Buff R&P con 4‘&31 Bush Term con Bush Term Bldg 5s 60 Calif G&E rf Calif Packing 5s '40 Canada Sou 55 '62 A Can’dian N R 4128 Can'dian N R 4%;8 105 105% . 10415 10415 i 1144 116 1163 114 R 55‘5" Oct Can'dian N R 5s - Can’dian N db 6% Can'dian P db 4s perp. Can’dian Pac 4338 46 Can'dian Pac 435 '60 Can’dian Pac 5; CaroCl1 & O 6s'38_ CaroCl & O 6s'52 A. Car & Gen 58’50 ww__ Cent Br U P 45’48 Cent of Ga con 58 Centof Garf 5%s'59_ Cent Hud G&E 58 ’57_. Cent II1 E & G 58 '51 Centof N J 4s'8 Cent of N J gen 5s 'l Cent Pac 1t rf 48 4! Cent Pac 5s '60 Cent Steel 8s ‘41 Cert'd deb 5 1074 108% 109% 1013 10135 127 127 a2y - 10135 - 21 .98y 133!, . 152 12534 1103 513 1128 11% 10815 18 363 47 5234 5534 563 2034 74 3534 305 363 19‘6 133 1511 4 12505 1103 11034 51% 513§ 11234 1125 s 10815 17% Chesap Corp o ' C&Ogenidl;s” C&Ocon .-'1« Chi & Alt ref 3549 Chi B & Q gen 4= Chi B&Q I di Chi & E 111 52 '51 Chi Grt West 4s CM&StP gn 3138 'ae B. CM&StP 4= 89 (‘&l&smu—u sn E. CM&StP CM&StP 58 CM&StP&P adj Chi & NW gen 3! Chi&NW gnid ;8’87 rg Chi R I&P rf 4s 34 Chi R J&P rf 4s'34 ctf Chi R I&P gen 4s '88 __ Chi R I&P 4s'88 ctfs_. Chi R I&P 413852 Chi RI&P 11 Chi R I&P 412860 ChiUnSta3%s'63E. Chi Un Sta 45’63 Chi Union § Chi & W Icon 48’52 Childs & Co 58 '43 Chile Cop deb 58 *47 Cin Gas El 45’68 A Clev Cliffs Ir 43 Clev Un Tel 4 Clev Un Term 58 Clev Un Ter 513s " Colo Fuel & Iron 55’43 Colo Ind cl tr 55 "34___ 1o & So 4125 '80 Columbia G & E 5s ’52 May_ iR Columbia G&E 5s'61_ Comel Inv Tr 5128 43 Cons Gas Cons Gas N Cons Power 3138 Container deb 55 43 Container 6s ’46 _ Crown Will P 6s Cuba RR 1st 55 '52 Cumb T&T 5s " Del & Hud ref 4343 Del & Hud 538 '37_ Den & RGW Den & RGref 5 Detroit Edis 4s 'fio . Det Edison 5s 52 Det River Tun 4155 '61 | DulS S & At 38737 Duquesne Lt 3138 56 East Cuba S 7158 37 E Cuba § 173 10734 10734 10274 10275 103 102 Erie & Pitts 33%s 10 B Fed Lt & Trac 5s 42 st Fed Lt & Trac 6s'42_ Fed Lt & Trac 6s'34 B Fonda J & R 2s-4s 82 ctfs__ Gen Cable 5135 '47 Gen Pub Svc 5155 '39__ Gen St1C5? Gen Thea Eq 65 *40 Ga & Ala 5845 Goodrich 6s *45 Goodrich 63 " Goodyear T&R 55’37 Goth Silk H 55 '46 ww. Gould Coup 6s 40 Great N Ry ds Gulf M & Gulf M &N 515850 . Gulf Sta Stl 5158 '42 6 Houston Oil 5155 '40 Hudson Coal 5s * Hudson Go G 1st Hud & Man inc 5. Hud & Man ref 58 '57_. 111 Bell Tel 332870 111 Cent col tr 4s 111 Cent col tr 4s 111 Cent ref 4s '55 Il Cent 43; s 11 Cent ref ICC&SLL 00’,7 63 - ICC&StL N O 5563 111 Steel deb 4155 '40 Inland St13% IntRT 1strf 58 '66___ IntRT6s'32___ IntR T 75’32 ctfs_ Int Cement 45’45 Int Grt Nr 55’56 B. Int Grt Nr 55’56 C. Int Grt Nr 6s’52 A Int Hydro EI 65 44 Int Mer Marine 65 '41_ Int Pap 1st 5547 A___ Int Pap ref 6s . IntRy of C A 5s'72_ IntRyof CA 6%s 47 Int T&T cv 435539 Int T&T 414852 Int T&T 58°55_ James F & C 45'39 Kan CF S&M 4536 .__ Kan CFS&M rf 4s'36ct KanCP&L 438761__ Kan C So 1st 3s '50 Kan C So rf in 58 '5 Kan C Term 1st 4s '6 . Ky Cent Ry 4s'87_ Ky&Ind T 435861 Klnllsco.'-lnty El& Kings County El & Pw pur mon 65 *97. Kings Co El 45 '49. Kresge Found 4s '45__. Laclede Gas 55’39 Laclede G 5%8 53 C. Laclede G 5345’60 D__ " Lake E& W 1st 58°37_ Lake S&MS 315’97 rg Lautaro Nitr 6 Leh C&N 4% Leh Val Coal 58 '54_ Leh Val Coal 5s '64.. Leh Val Coal 6s ’38 Leh Valley Har 5s 5. LV NY 1st 4845 gtd._ LVNY4%s40 gtd Leh VP con 4s2003__. Leh V P con 418 2003. Leh V RR con 58 2003 Lex & E Ry 58 65 - Ligg & Myers 5s'51... 123 123 123 Ligg & Myers 7844, 134 . 13¢ 134 Loew's 3148 *46 . 97 9T 9TH Long Islref ¢s'49._.. 10834 103} 108} 574 63 Xlfl( lfil‘ 123} um;. 3 | Oreg RR & N | Pac RR Mo 1st 4s'38 | Pac T&T r£ 31,566 B | Penn RR gen STAR, WASHINGTON, D. C EXCHANGE High. la' Clal! - 12214 9524 mi m( 1025 1025 1025 10834 108 108 - 1ong 1omsg 1073 109 109 - 10274 102% xm 901 901{ 9% 953 om 1083 1084 10834 43% Lorillard 58 51 La & Ark 58'69_ L &N 1st 482003 L& N unif 48 40 L&N 41252003 C_ LENss 20030 L &Nrf5%s 2003 L&NStL3s'80____ & N So Mon jt 48 '52 McKees & R 518 '50 Manati Sug 7158 '42_ Man S 18t T3 842 ctfs Manhat Ry 48'90_____ Marion St Shov 65 *47_ Mead Co 6545 _ Mich Cent 31,852 MIlER&S L 5861 Ml ER&S L rf 5 Mil Spa & > e MStP&SSM cn 45 "38__ MStP&SSM cn 58’38 __ MStP&SSM 55 38 gtd. MStP&SSM 515549 MStP&SSM 5125 7 Mo K & T 1st 45'90_ MoK&T4s'62 B MoK &T 413878 MoK & T 58’62 A_ Mo K & T adj 55’67 Mo Pac 3d ext 48’38 Mo Pac 48’75 Mo Pac 58’65 A Mo Pac 5877 F.__ Mo Pac 5s 77 F ctf: Mo Pac 55°78 G Mo Pacific 53 80 H Mo Pac5s'811__ Mo Pacific 538 4! Mob & Ohio 435’77 Mob & Ohio 58 '38 Mob & O M div 58 '47_. Mohawk & M 45 '91 Monong Ry 1st 4s '60_ Mont Pwr ref 5843 _ Mont Power i5 '6 ew Orl 'S ew Orl PS5 w Orl Ter X Y Cent con 459 N Y Centrf 41es 2013 5 ¥ Y Dock 1st 4s ' N Y Dock 58’38 __ N'Y Edison 31,565 D Y G EI H&P 48 49 v Y & Green L 5546 XY L& W st 4573 H&H3%s Y NH & H 4s YNH&H s NH&H 4 W&W zen O&W ref 4s Queens con 313 Trap Rock 65 "46__ YW&B+4 lag L.\fll’ ( 1053 5 1055 P 1st 58’41 A s Pwr 58 '64 Nor'n Sts Pw 6s'41 B_ Ogden L. C 4548 *_ Ohio Edison 4= '65 Ohio Pub Sve 78 47 Ont Pwr Niag 58 '43 __ 1041 283 - 1053 1143 12 Oreg Sh T, 1203 W RR & N 4s'61 1074 - 102 62 10985 . 102% 10135 10435 4513 593 901, 1203 10714 1025 62 1091 10215 10135 1043y 1203 1023, 62 10955 102%5 10134 1043 Pan Am P C 6s'40 ctfs Par-B'way 515851 _ Paramount Pic 6s '35 _ Parmelee 65’14 Penn Dixie C 6s'41_ Penn P & L 4155 81__. Penn RR3%8°70C___ Penn RR cn 4%'48 stp_ Penn RR 4563 ____ Penn RR 47,5 '84_ Penn RR con 473 "60 Penn RR zn 4.8 " Penn RR deb 4128 68 Peoria & I 1st 45 '40 Pere Marq 1st 4s Pere Marq 4%, '80 Pere Marq 1st 5s '56 Phila B&W 4s Phila B&W 415 s 9615 1077 10134 1121 10434 109 1224 11234 Phila Elec C: Phila & R 5 Phila & R C&I 6574 PCC&St L 4128'77C. PCC&StLL 38’75 B Pitts& W Va 41:5'59 B Postal Tel & C Pressed St C 5 Pure Oil 474 Purity Bak 55 '48_ Reading Jer ¢ Reading R 41:8 Rem- L Republic Stl 4128 '530_ Republic Stl 4155 61 Republic Stl 5135 Revere Cop 4145 %6 Richfield Oil 6s 44 Richfield O 6s 44 ¢ Rich Term Ry 5s 52 Rio G W col 45 '49 A RIA&L 1st 4155 '34 Rutland Can 4s '49 StJo&GIR 45"47___ St Jo Ry L T&P 55 '37. St L IM&S B&G 4s "33 St L-S Fran®s '50 A__ St L-S F 43’50 A ctfs_ St L-S Fran 4%s'78 StL-SF 4%;8'78 cf St L-S Fran 58 '50 B St L-S F 55 '50 B ctf. StLSWlst4s's9____ StLSWgnrf5s'90_. St LS W 1st ter 5852 StPCtRC 5s'37 gtd_ St P M&MEGT4 % s'47. StPKCSL4%s'41__ San A & A Pass 4s’43_ San An P Sve S Seabd A L 4s *5 Seabd A L ref 45 *59_ Seabd A L 6545 A _ Seab 1 6835 A ct_ Sharon Stlcv 4%s751. Shell Un deb 3%s '51_. Socony Vac 3%s '50_ South Bell T&T 5, So Colo Pwr 6s '4 So Pac col 4s 49 So Pac ref 4s '55._. SoPac 4%s So Pac 4125 6! So Pac 4%s 81, So Pac (Cal) 5837 So Pac Oreg 413877 So Pac S F Ter 4550 So Ry gen 4s'G6 A. So Ry 5894_ So Ry 5894 r So Ry gen 6s So Ry 6328 '56._ SoRy M & O 4s'38 So Ry Mem div'5s ’9 S W Bell Tel 31,8 "64.. Staley A E 4s'46 Studebaker cv 6s 45 Swift &Co 3% s ’'50_. Tenn Cent 65 *47__ Tenn El Pw 68’47 A, 4 34 106% 106 9T 974 - 10514 10514 *41. 10734 10734 10614 10614 913 9134 s 91 91} 913 105% 10534 10434 99 99 89% 8915 89% 98y 92 93 1083 1083 10634 1063 106} Texas Corp v 58 u.. 102) 102 102 Texas & Pac 58’77 B_. 104} 104% 1043§ Texas & Pac 58'79 c.o 10434 10434 10434 Tex & PacMPT 5%8'64 109 109 109 10835 | 14215 a few at 1¢ | mand light. | barrels Cobblers 3 | T10: New York. s crates washed, o to 8 | 10734 | 10334 | 4 | two cars diverted: 9434 | Wabash 2d 5s'39 MONDAY, EQUIPMENT SALE HIGHEST SINCE 153 Farm Buying Expected to Make New Records in Spite of Drought. Srectal Dispatch to The Star. NEW YORK, July 13.—While some slackening of the rapid progress that has been made since 1931 in the pro- duction and distribution of farm equip- | ment may result from the spread of | the drought in grain-raising States, where ylelds may be reduced to 75 or 50 per cent of normal, 1936 totals in all divisions of the trade are expected to make the best showing since 1930. For the first five months of the cur- rent year production ran ahead of the 1935 figures by 40 to ,0 per cent, while sales ranged 20 to 50 per cent higher, with the trend more strongly toward modern power equipment. As much of the loss in crop yields will be counterbalanced by the rise in prices of farm products, gross farm income for 1936 is expected to make its fourth successive annual advance by going up to $9,327,000,000, which would make a gain of 81.4 per cent since 1932, when it had dropped to! $5,142,000,000 a 23-year low. Follow- | ing an increase of 84.7 per cent in 1935, when the value of farm equip- | | ment production rose to $331,998,066 from $179,736,000 in 1934. orders al- | ready booked by manufacturers indi- | cate a 40 per cent improvement for | 1936. While earnings statements have | been the most favorable in three years, not all companies have succeeded in showing profits. Collections have im- proved, but the cash position of many manufacturers has been weakened by | the heavier overhead which the en- larged output has entailed. The rap- idly increasing ratio of cash sales has | been attributed to better credit risks, These were some of the major de- velopments revealed by a survey of the | farm equipment trade, which has Just | ‘;nen completed by Dun & Bradstreet, nc. Washington Produce Prices paid shippers net f. ington. by the Agricultural Economics: b. Wash- need prices. | Current receipts. ' 112: a few snd - marketing X 1: U. S extras 8" Standards brown standards LIVE POULTR demand very siow: large large. 261 Market easy to weak prizes on Spring chick- ens mostly ] cent lower. Fowl: Colored. | heavy. 17a19: Leghorns, 14al7 12ai4. "~ Chickens: Plymouth brollers and frsers. 21a22 Leshorns. 16al3: mixed colors Turkeys ‘I8:"a few at 1922 No. 2s. 1 Fruits and Vegctables. Hens. up_to X am. toda POTATOES — Boat equivalen, 0 10 cars nia: supplies moderate: d market weak Virginia. stave No_ 1. truck re: ceipts. 3.5024.00: boat receipts. 3.75 CORN—Truck receipts moderate: sup moderate: demand moderate: market North Carolina, sacks 5 dozen. receipts i F5ass CELERY—One New York arrived: two Broken ‘and one unbroken cars on ftrack. Supplies _moderate: and market steady. doze | BERS _Supplies moderate: de- | | manu slow: market dull. Maryiand, bushel ‘bukeu S0 | LETTUCE—! F'\r California arrived: five broken and three unbroken cars on track. | Supplies moderate; demand | market stronger. ' California._ crates Icebers type. 5 dozen. ONIONS —No carlot _arrivals. on track. Supplies light: demand slow: market weak Fifty-pound sacks Yellows. | No 1: New Jersey, 1.00a1.10; Vir- | | \n{mmi | no cars U ginia. fair quality. 85. | PEACHES—One Georgia arrived: one | unbroken car"and two broken cars on Truck receipts moderate: supplies and moderate:’ market . ta2-bushel baskets Hileys, 3,_and 2 inches. 1.50: | inches, 3 | bushel blsk!ls iiess, u I minimum. 13 | Jublee, 1.00; 2%inch minimum, 1. 8 Watermelon Supplies Light. WATERMELONS—One Georgia and four South Carolina arrived: six broken and TS nd o 10 pounds average, bound average. 0. 36-pound ach CANTALOUPES—Two Arizona arrived: | e | unbroken cars on track. Supplies light, demand light: market steady. Arizon Saimon Meats. jumbos. nd 43 i 3.00; standards. .00, " suppiies. Tib- | stoc al ‘market steady. | Standards. ail sizes: North Carolins. Lau- | simbure " Section,’ 430" South Ctolina, | NEYDEWS. No carlot_arivals: two | broken cars on track _Supplies moderate: | demand_light:’ marker sieady. " Calitornia. | sfandaza crates Us ana 138 1500125 HONEYBALLS —No cariot arrivais: on track. - Sup de- | plies light: o, rnia. 0: standards; ponys, b4s. two U. S. TREASURY NOTES. (Reported by Chas D, Barney & Co) ete-—Maturity, o High. Low. Close, 691 69 69 3Tg 38 99 99 1215 121% 11334 113% 108% 108% 11274 1124 101% 10155 13 1134 10634 10635 108 1031 104 Third Ave ref 4s'60_ Third Av ad in ex 55'6( 38 Truax T C 638’43 99 Un Oil Cal 65’42 A 121% Un Pac 1st 4s 4 1133 Un Pac 1st rf4s 2008 . 1083 Un Pac 1st rf 5s 2008 112§ United Drug 58’53 .__. 102 U SPipe Fdry 3%s'46_ 114 U S Rubber 5847 106% Utah L& T 55 '44 A___ 103{ Utah P& L 58’44 10433 Util P& L5859 ww__ 731 Tl P& L5%s"47 5% Va E & P 1st ref 4555 109’4 Va Ry 15t 338’66 A__ 105% Va S Wcon 5s'58 9 Wabash 4155 '78._ 2834 2834 % Wabash 1st 5s'39____. 102§ 102§ 1021§ 9315 93 93 29% 2915 29% 28 28 28 3014 3034 304 28 28 28 9Ty 9T 9T 105 104 105 % 13 T34 954 94% 9534 2815 28} 28§ kCH 109 109% 1055 105% 9 1 28! Wabash 5s'76 B.. Wabash T & C 4541 Walker H& S 4% s ‘Walworth 48’55 ‘Warner Bros cv 6s '39. Warner-Quin 6s'39_ WPaP4s’61H_ WPaPlst5s'63 E West'n Md 1st 4s West'n Pac 5546 A _ West'n Pac 58 46 A as West'n Un 435’50 Westn Un el tr 58 '38_ West'n Un 58 '51 West'n Un s "60 West'n Un 6148 '36 1013 10134 101% 3 35 35 34 334 B4 10835 10815 108! 105 105% 105 106 105% 105% 108 10734 108 10044 10034 10034 as production has been trailing orders. | V- EGGS—Market generally steadv at un- | JULY 13, 1936 Race Track Stock Will Be Offered By Banking Group NEW YORK, July 13.—Sale of ap- proximately 40 per cent of the com- mon stock of the company which op- erates the Narragansett race track at Pawtucket, R. I, was announced Sat- urday. The sale, which will be the first instance in which stock of a going race track has been sold o the public, will be under supervision of the in- vestment banking houses of August Bélmont & Co. and Watscn & White. August Belmont, founder of the banking firm participating in the is- sue, was an enthusiastic patron of racing and sponsored the famous Bel- mot Stakes, inaugurated in 1867. The price of the stock and other details are expected to be announced later, Washington Exchange SALES. Capital Traction 5s—8$1,000 at 92, $1,000 at 92%, $1,000 at 927 ‘Washington Gas 6s B—$1,000 lt 100%. AFTER CALL. Riggs Bank preferred—10 at 106, 10| Wide range of consumers. at 106. Capital Transit Co.—25 at 16'%. Washington Gas 6s B—$100 at 100'}, $100 at 1007 Capital 'Irnc!lon 55—$500 at 92'3. BONDS. PUBLIC UTILITY Amer_ Tel. & Tel. 4125 _ m. Tel. & Tel. col_tr. Anacostia & Pot. Ana & C. & P. T Cap. Traction R. R City & Suburban Georgetown Gas lst MISCELLANEOUS. Chevy Chase Club 5 | ot Eountry Clup 512 M. Cold Storage 53 STOCKS. PUBLIC UTILITY. | Amer. Tel. & Tel. (9) Capital Transit Co._~ W. Steamboat | por. Elec_ Fow, 67 ptd Po P Al « n t_ Co. (3.60! * £ B o, i8) Waih Ry & B Gla8) BANK AND TRUST COMPA" Amer. Sec. & Tr. Co. (10)-. 2 B - B United States Bureau of‘c m. | Weeh "o FIRE INSURANCE merican (£12) _ Corcoran (5) Firemen's (1.60) National Union (& TITLE INSURANCE. Columpia (.30) . Real Estate (6) _ c Sales In large lots by original receivers | Mergenthaler 0. ( | Beoples Dru S com (1.00)_ *Ex-dividend. Plus extras a—4 per cent extra. 8 |PROFITS OF CALIFORNIA UNION OIL INCREASE 7 tne Associated Press. LOS ANGELES, July 13.—The Union Oil Co. of California reported carnings of 36 cents per share for the second three months of this year, | an increase of 27 cents per share over the first quarter. These per share earnings were | from a net profit of $1,600,000 on the 4,386,070 shares outstanding after all charges, including general expenses, taxes, interest charges and provision for depletion and depreciation. Earn- ings in the first quarter totaled $400,000. First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthiy Payments MIMBIR BUILOING & ASTOCIATION COUNCIL of ©. NATIONAL erm arierit ASSOCIATION 949 NINTH B'l‘l‘ll‘l‘ NW Plenty of money for . BUILDING LOANS E sure your mortgage is set up on a long-term, low-interest basis— to save you money and peace of mind. Ample funds avail able for acceptable mort- gage loans. Ask us today. WEAVER ' BROS n¢ REALTORS Mortgage Loan Corvespomdme Matropelitan Life Inrarance Lompany Wheel Steel 413 W Sp Stl con 7s '3; 19 18% 19 Wilkes B&E 1st 5s '42 585 5735 583 Wilson & Co 48 '55.... 10134 1013 101}§ Y'ngstn S&T 338 '51-. uon unu 1103 Y’ngstn S&T 48'61___. Youngtn S&T 5s'70 10034 100 100§ WASHINGTON BUILDING DISTRICT 9486 | FINAWNCIAL. STEEL ACTIVITY SHOWS ADVANCE 69 Per Cent of Capacity Op- erations Reported for Last Week. By the Assoctated Press. NEW YGRK, July 13.—Operations ' in the steel industry for the current week advanced 1.8 polnts to 69 per | cent of capacity, compared with 67.2 last week, the American Iron and ' Steel Institute estimated today. The advance represented a gain of 2.7 per cent. The latest operating rate compared with 70 per cent a month ago and 39.9 per cent a year ago. No explanation of the rise w-s! Inv Ffmcnu 1/ 0, irst Mortgage, 5/ A) Real Elt:l’:‘Now Secured by new dwellings N. W. section of Washi 5 Beaiey s - o e uhea Nearly 411 Yea) thern FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates . . . 3-Year Con- struction Loans . . . 3% S$Y%9% B0SS & PHELPS MORTGAGE co. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K 8t NW NA 9300. REPORT OF_CONDITION Washington Postal Employes’ Credit Union Of the District of Columbia. at the elose | of business 108 June 30. 6. (Published l’ugome tn clh made by Eomptreller of 4 Currency. under Sece tio; the, Dlstrict "6t Columbia Bl offered by the institute, but in steel | Crot URons Act) circles it was considered a natural sequence of the moderate recession early in the month. Recent steel surveys have pointed out production has been sustained by a substantial backlog and incoming orders from a Loan Xnveslmem ! Devosits in banks. " Furnicore and tus ure and fixtures Other assets Total esse : IABILITIES, Shares. fully paid Shares. m:ux ment Reserve fund for bad debts ndivided pr. Oy it ! Liabilities 1. RUSSELL TADALE, treasiter of ahove-named credit union @0 solem ;vear ihat the foregoing statement is tr to the best of my gdee and baller France Starts Radio Chain. With the opening of a new brogd- | casting’ station at Muret, France has completed its general plan for a na- tion-wide chain of stations. | . Lt er. | Digt rict of Columb. | . Bworn to and 7th das of July (Seal a se brcribed before me this Money for Construction Loans and Loans on Improved Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Successor to the Busin of JAMES F SHEA 643 Indiana Ave. N.W. Our 0% | Convenient 1 i Real Estate Officers Payment Plans Invite You to Confer 3 Motes Bubl ¢ COY{QC(—A! e R g STARSHALL HIGGINS. 3 AMER LESLIE M. BROOKS Directors. MONEY TO LOAN ON REAL ESTATE Attractive ] Interest Rates A SAFE INVESTMENT Why take chances on unknown investments when Vuu can _be as- sured of 5% with SAFETY? You money invested with tpis Associa- tion is loaned on_ Pirst Mortaases "oh hames, i nestny Maryland, Virstnia and the Districe of Columbia Upon request we will mail a copy of our late: ment showing our strong Dosition gladly ate- The WASHINGTON LOAN AND TRUST COMPANY Member FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORP'N that makes saving easy Liberal dividends Saféty INSURED up to $5,000 LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5%% Prompt Action B. F. SAUL Co. 925 15th Street Natl. 2100 ent. d K. Jones, Secretary ‘Washington Bldg. Phone DI. 9486 First MorTGAGE LoOANS District of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY INCORPORATE! MORTGAGE LOAN CORRESFONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Business Properties Homes Apartments ON IMPROVED D. C. PROPERTY. Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayabie morithly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. Eourrasre Co.oreraTIvVE B UILDING ASSOC!ATION 915 F STREET N.W, Organised 1879