Evening Star Newspaper, July 14, 1936, Page 20

A—20 xxx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. TUESDAY, BONUSHELDBIONITRANSACTIONS ON THE NEW YORK T0 RETAIL TRADE % Prev. Hllb Low. By Private Wire Direct to The Star. Stock and Sales— Dividend Rate. 42 Abr & Straus (1.80) 59 Acme Steel (13)___. 9% Adams Exp (a20¢).-. 1936 808 1 20 50% 63% 1244 Net Add 00. High. Low. Olose.Chge. 52% + % 63% 12% + % Prev. High. Low. 85 8 41% 108% 1936 Stock and Dividend Rate. 72% Con C pr pf ww 634 x 708 81 81 65% Consol Cigar of (7). 10s 0% 70% 27% Consol Edis N Y(1). 102 Consol Ed NY pf(5) + Net. % + % + % Prev. 1936 Add 00. Hilh Low. Close.Chs: Bllg Low. Stock and Dividend Sales— 89 Lehman Corp (13)_. 12 I.ehn & Fink (1%)-. JULY Net 10% 102% Add 00. High. Low. Close.Chge. | High. Low. 14, 1936. STOCK EXCHANGE Net Stock and Dividend Rate. 58% 60 Reynolds Tob B (3) 117% 74% Ruberoid Co (1)---. 36% 29% Safeway Stores (2). lllVa 110'% Safeway Strs pf(7). Prev. 1036 Sales— Add 00. High. Low. Close.Chge. 55% 556% + 'a 80% 80% +2% 30% 31% +1 1% FINANCIAL. 56% 80% 31% 111% + % A.T.T.TAKESLEAD IN BRISK MARKET 23% 23% + ™ 4 4 + 12% 13 + % 39% 39% —1% 100 4 20 +% 21 2% 3% +2% 4% - % 29% 22 StJoseph Led(80c). 2% St L- Frof (d).- Arms . 38% Schenley Dist a75c. 97% Schenley D pf (63%) 1% Schuite Retail Strs. 7% Schulte R Stra pf 5315 Scott Paper (1.80) . 7 Seaboard Alr L (d). 30% Seab'd Oil(Del) (1) 59% Sears Roebuck (2) . 2% Second Natl Inve: 61% Sec Nat Inv pf 12 15% Servel Ine (60¢) ... 20% Shaion Steel Hoop 89 Sharon Steel pf (5). 4% Sharp & bonme 434 Sharp & Dt (3%)- 11% Shattuck F G (50c). 30% Sheaffer Pen (2)... 19% 14% Sheil Union U1t - | 121% 110% Shell Un O pf (5%)- 14'% 8% Stlver King (40¢).. 32% 19% Simmons CO-ecuea S‘A 313 Stmms Petrol e 197 Skelly Oll e 40% Smith (A O) .. 2 Snider Packing...-. 121 Socony- V Ol1 (40¢). 125 4 SoAmG &Pa2lc..x 27 26 So Porto R Sug (3). 6 25 South Cal Ed (13). 26 23% Southern Pacifie... 69 2% Southern Railway.. 9 Southern Ry pf Spalding (A G) Tih 204 64 15% 111 1% 45 2015 2614 4% Consol Film .. . _. 15% Consol Film pf (81’ 37 Consol Laundries._. 11% Consol Ol (60¢c) ... x 674 Consol R R Cuba pt “» Consol Textile (d) 2 Cons Coal (Del) vte 12% Con C’1 (Del) vte pt 15% Container Corp (1)~ 10% Cont) Baking (A)__ 1% Conti Baking (B).__ 67% Cont) Baking pf (4) 6713 Contl Can (3) - 17'3 Cont’'l Diam Fib(2). 35! Contl Lnsur (11.20). 2% Contl Motors - 2814 Cont) O11 of Del(1) 27 Contl Steel Corp(2) 55% Corn Ex BK&'TT (3). 68t Corn Prod Ref (3 .. 168': 162 Corn Prod R of (7). 7% 4 Cotv Inc 377% 35 Cream of Wh (2) 28% 15% Crosley Rad(a50 63% 43% CrownC &S (1) _. 7% Crown Zelleb’k vte_ 28 Crucible Steel ___. 6% Cuban-Am Sugar... 63 Cuban-Am Sug pf_. 35'2 Cudahy Pkg (2%) 167 Curtis Publisning._. 9915 Curtis Pub pf (7)__. 4 Curtiss Wright __ 1015 Curtiss Wright 2 36'% Cushman Sons pf. 43% Cutler-Ham (11) A‘. Davega Stores 'lOc Deer= & Co Deisel-Wem-G t60c Delaware & Hudson Del Lack & West Den&R10GW pt (d) Det Edison (f4) Diamond Mteh 1% Dia Match pf(113%) Dist Corp Seag Ltd. Dome Mices (12) ... Doug!: Alr. e Douglas Air. Aug3 : Duplan S1ik (1) _ Dupont de N $3.60 Du Pont deb (6) Eastern Roll Mills. Eastman Kod (16) Eaton Mfg (2) Eitington-Schid Elec Auto L (1.20 Electric Boat. . Elec&Mus In(b24e). Elec Pw & Lt Elec Pw & Lt $6 pf . Elec Pw & Lt $7 pf_ Elec Stor Bat (12) _. : g Endicott-John (3) . lO:\N 27 Endicott-Joh pf (5) 9 9 3P S85.50 pf 14.40 x 6713 Equit Office Bal0c.. 5 Erfe R R - Erie R R 1st pf. ErfeRR24pf _ Eureka Vac C(80¢c). Evans Products (1). Exchange Buffet __ Fairbanks-Morse_ Fajardo Sugar (2) Federal Lt & Trac.. Fed Lt & Tr of (6)_. Federal Mot T 40c_.. Fed Water Sve (A). Nat Dept Stores Fed'd Dept Stra(1)_ 35 Nat Distillers (2). Fid Phoe F 1(11.20). 3 S N 5 50¢ - 4 Firestone T&R 1.20. ¥ 105'~ 100\1 Firestone pf A (6) _. 48% First Nat Strs(2%) 11% Follansbee Bros (d) 47 Food Machine (1)._. 38% "4' Foster- Wheeler. 127 95% Foster-Wheeler pf 38 30W Fouwh NIwwald5. 35% 24% Freeport-Texas (1) 18'% 11%2 Gamewaell Co 12'; 8!3 Gen Am Investors 63 42% Gen Am Trans(1%) 24% 21 Gen Asphalt(b26e). 14*. 10% Gen Baking (60¢).. 11% 7'z Gen Bronze.__.. 15% 5% Gen Cable 33% 17 Gen Cable (A)eaeea 95 70'; Gen Cable pt. 342 Gen Hlectrio 33% Gen Foods (1. lfll._. 7% Gen Gas & E) (A) _ 14 Gen G&E 6%cv pfA. 59% Gen Mills (3) 11715 Gen Mills pf (l) % 118 5% Gen Outdoor Adv__. 18% Gen Outdoor Adv A. 8 Gen Print Ink ($2).. 313 Gen Public Servic 32'; Gen Ry Signal (1) 2 Gen Realty & Util__ 26'; Gen Real&U pf ww._ 33% Gen Refrae (1).__. : 32% Gen Sti Casting pf 17 Gen Theatre Equip. 301 Gen Time Instr'm’t 13% Gillette Saf Raz(1) 74 Gillette SR pf (5).. 6% Gimbel Bros . 69 Gimbel Bros vf(l?) 39% Glidden Co (2) 5215 Glidden cv pf (4%5) « Gobel (Adolf) 67» Goebel Brw C(t20¢e) 12% Gold Dust vte (60c) 13% Goodrich (B F) 78 Goodrich (B F) pf.. 21% Goodyear T&R____. 87 Goodyear $7 pf (4)- 2 Graham-Paige = 1% Granby C (24 stpd) 3% Grand Union ctfs _. 25 Granite City 8tl (1) 281 Grant (W T) (1.40). 32% Grt Northern pf.. 16 Grt Northa Ore(1). 31 Grt West Sug (2.40) 22 Green(HL)Co (1) x 16 48% Greyhound C'p 3.20 9 1% Guantanamo Sugar 2 24 Guantanamo Sugpf 20s 6 Hall W F Printing .. 4 100 Hanna (M A)pf(5)_ 30% Harbison Walk(t1). 4% Ha, Body . 35'/. 26'% Herc: Mot 114% 84 Hercules Pow (5)._ 447+ 30% Holland Furnace 112% 108 Holland Furn pf (5) 17% 9 Holland & Son (50c) 19% Holly Sugar (2) __ x 39% Houd-Hersh A(2%) 22% Houd-Hers (B)1%._. 65% House Fin pf t3% 6% Houston Vi1 vic 48% Howe Sound (13).__. 31 Hudson & Manhat__ 81 Hudson & Man pf_.. 23% 13% Hudson Motor Car.. 24 1 Hupp Motors 31 18% [llinots Central ___. 40 30 Illinois Cent pf (A). 54 58 Il1Cent 1se lines(4) 10% 4% Indian Refining 861 25% Indus Rayon (1.68). 19% ] 147 106 Ingersoll-Rand($2) 103% 103y 114% 88% Inland Steel (3) .. 9% 79% 6'» [nspiration Copper.. 6612 67% 11Y% Interboro R T (4) .. 2 2 214 Intercontl Rubber. T% 9% Interiake iron 28% 5% 2% Int Agricultural.._ 1% 41 22% Int Agricul pr pf_.. 3% 185Y% 160 Int Bus Ma~h “t6).. 2% 35% Int Cement (4 ,)--e 8% 565 Int Harvester 1.20.. 17 37% Lerner Stores (2)__. 47% Libbey-Owens G(2) 7 Libby McNeill & L 25 Life Saver (1.60)__. 97% Ligg&Myers B(14) 19 Lilv Tullp Cup(1%) 25% Lima Locomotive 32! Liquid Carb (1.60). 43 Loew’s Ino (12) .. 2 Loft Ine 3% Long Bell Lu 40% Loose-Wiles (2) 21'% Lorillard (P)(1.20) 142 Lorilard Ppf (7)._ 13 La Oil Ret of (d) . 20 Louisv G&EDIA 1% 574 Louls & Nash (a2)_ 22% Ludlum Steel (1) 29 McCall Corp (2) 124% McCrory Store: 39% Mclintyre Porc 96 McKeesp't T P (t4) 8% McKesson & Rob . 37% McKesson&R pf(3). 11'; McLellan Stores 27% Mack Truck (1). 40' Macy (R H) Co (2) 3413 Magma Copper (2)_ 1% Manati Sugar (d) .. 7% Manati Sug pf (d) 7 Mandel Bros _____. 14% Man EI md gtd (d) 17!; Manhat Shirt (60c). 2% -acaibo O1) Exp 8'5 Marine Mid1d (40c) 18% Market St Ry pr pf. 120 11! Marshall Field & Co 6's Martin Parry . Mathieson Alk 1% _. 4 May Dept Strs (2)_. ¢ Maytap Co ___. Mead Corp 55'4 Melville Shoe (4) 67x Mengel Co = 50 Mengel Co pf 31'; Merch & Min T 1.60 40% Mesta Machine (3) 5% Miami Copper 17'% Mid Cont Pete a40c 21% Midl'd Stl Prod (1 Mid Stl 15t pf (8) Milw El R&L pf (6) x Minn-Honey R t13% Minn Moline Pwr _ M St P&S S Marfe . 2 MStP&SSMlisin. 190s Mission Corp - 3 2 20 27 215 TI% 4% 177% Adams Millis(a75¢) 221 Address'graph 60c.. 1% Advance Rumley . 58 Air Reduction (t1). 2 Alr-Way Elec Appl. 13% Alaska Jun (160c) 2% Alleg Corp (4 of ws30w(d). of wS40w(d)._ 1215 Alleg pf xw (d).cce 27 Alleg pr of (4) caean 39% 267x Alleg Steel ( — 208 157 Allled Chem S 28% 23% Allied Mills (a50¢) - 12% 6% Allled Stores - 84 69 Allled Stores pf(5) 5013 35% Allis-Chalmers (1). 2812 19% Alpha Port Cmt(1). 53% 34 Amal Leath pf (32) 125's 75 Amerada (‘orp (2). 55 37 Am Bank Note (1)_ 507 40 Am Brake Sh(1.60) 134 124 Am Brake Shpf65% 135% 116% Am Car (14) -- 30 Am Car & Foundry. 57% Am Car & F'dry pf__ 31 Am Chain 7% Am Colortype. 32% 20's Am Comel Alcohol 284 16 Am Crystal Sugar 2 89 AmCrvsS8 1st pf. 313 Am Encaus Tiling.. 9% Am European Sec_. ,8's Am & Foreign Pwr. Am & For Pw $6 pf_ Am & For Pw $7 pf. Am & For Pw 20 pf. Am Hawatian (1) _ Am Hide & Leather Am Hide & L pf (3) Am Home Pr (2.40) Am [ce pf (2) Am [nternatio; s Am Locomotive Am Locomotive pf_. Am Mch & F (80c) Am Mch & Met a2bc. Am Metal g Am Power & Light Am P&Lt $5 pf(2%) Am P&Lt $6 pf (3) - Am Radiator Am Rolling M(1.20) Am Seating. _ 1 Am Shipbuilding 2. x 10s Am Smelt&Ref (2). ¢ Am Sm&Ref pf (7). Am Steel Foundry._. Am Stores (2) - Am Sumatra Tob t1. Am Tel & Teleg (9) Am Tobacco B &) Am Type Foundry_. Am Water Work: Am Wat W 1st (6) . Am Woolen Am Woolen pf ($2)_ Am Writ Pap pf (d) Am Zinc & Lead . Am Zinc & Lead pf Am Zinc & Ld pr pf Anaconda Cop(as0c Anaconda W (a50c) 2 Anchor Cap (60¢) . Andes Copper Archer-Dan-Mid t1. Armour (Illinots) 4 Armstrong C (1%). Arnold Constab 50c. Artloom Corp .. - Asso Dry Goods Associated Oil a25e Atch To & S Fe(a2) Atch To&S Fe pf(5) Atlantic Coast Line Atl Gulf & W [nd 4 Atl Gulf&W Ind pf. Atlantic Ref (1) Atlantic Ref pf (4). Atlas Powder (12) Atlas Powder of (6) Atlas Tack (a30e) - 265 Auburn Auto 5% Austin Nichols 29% Austin Nichpf A___ 4% Aviation Corp(Del) 2'; Baldwin Loco (d) . 23% Baldwin Lo asd (d) 29'; Baldwin Loco pf(d) 33% Baldwin Loc pfasd. 15% Baltimore & Ohto _ 21 Baltimore &Ob pf_. 417% Bang & Aroos(2%). 13% Barker Brothers___ 82Y% Barker Bros pf 143% Barnsdall Oil (80c) 16% Bayuk Cigar (75¢) . 18 Beatrice Cream (1). lll‘Sfi 107 Beatrice Crpf (7)__ 891 83 BelgNRptpf4ls_. 31% 21% Bendix Aviation(1) 24% 20 Beneficlal Lo(t1%) x 57% 48 Best &Co (12) 63“ 45% Bethlehem Steel 16'a Beth Steel 5% (1) 120Vn 107!; Beth Steel 7% pf(7) 23 Bigelow-San(a50c). 141 Blaw-Knox (40c) _ 18% Bloomtngdale (40c) 167 Boeing Airplane 44 Bohn Alum & Br(3) 39 Bon Ami (B) (2%) 25% Borden Co (1 60) __ 64 Borg-Warner (3)__ 6 Boston & Maine 12% Bridge’'pt Brss 40c % Bridgep’t B, July 23 43Y% Briggs Mfg (12) 47'; Briggs & Strat (3)_. 41 Bristol-Myers (12). 40% Bklyn-Man Tr (3).. 4'5 Bklyn & Queens..__. 331 Bklyn & Q pf (8!)_. 44'; Bklyn Un Gas (3).. 50 Brown Shoe (3).... 8% Brunswick-Balke 8% Bucyrus-Erle 13% Bucyrus-E: 121% 100 Bucyrus-E pf $3%.. 15% 9% Budd (EG) Mfg 3% 1% Budd Mf 1pd.Julylé 14 8% Budd Whee! 31% 20% Bullard Co (a25¢)-. 281 11% Bulova Watch 33% 25 Burr Ad Mch(160c) 247% 14% Bush Term B pf cod 6% 2% Butte Copper&Zinc. 25% 16% Byers (A M) . ___. 74 54% Byers (A M) pf - 29% 22 Byron Jackson (t1) 37% 30% California PKg(1%) % Callahan Zine ... Steels and Specialties Also Strong in Upward Trading. Bankers Here Consider Funds Vital Factor Mounting Sales. BY EDWARD C. STONE. Washington bank officials, as they have watched hundreds of veterans' bonus checks cashed at the windows declare that this bonus money is playing & most vital part in the great rational trade upswing which is now being reported from nearly all cor- ners of the United States. With the payments starting on June 15, the bonus checks no doubt played an important role in the 13 per cent gain in store sales in Washington in June, and the gain of 11 per cent in the fifth Federal Reserve district, in comparison with the like periods of 1935, financiers here assert. Bankers and merchants also express the belief that the bonus buying has | not spent its force by any means. It should go on indefinitely in a moder- ate way, they add, and be a factor in preventing any Summer trade lull of any serious proportions. There is a| notable flow of bonus funds into re- | tail trade channels. considered much more healthy than the buying orgy which was predicted before the pay- ments were started and which did not | develop. Bonus Money Boosts Trade. In connection with bonus and other trade factors, the monthly chain store report from Childs, Jeffries & Thorn- dike is timely. The first 25 cham stores to report for June showed a 17| per cent increase over the like month a year ago, by far the largest monthly gain reported since the depression. For the first six months, which were | completed with the June figures, the chains did a total volume of $1,207,- 247,308 as contrasted with $1,083,935,~ 605, or an increase of 11.4 per cent, ch is the best showing made since the sharp increases of 1932, when the chains were recovering from the ab- normally low volume of 1932. From the dollar viewpoint, however, the volume for the first six months is the best since 1929. and in many cases in- dividual ccmpanies reported figures substantially in excess of the volume during that year. This was true par- ticularly of the mail order division, where in some instances sales for the first six months were the largest ever reported. Apparel Sales Enjoy Boom. So far as the bonus is concerned, it would appear that the apparel chains were the most directly affected. In this group, where the trend has been distinctly upward since last Sep- tember, individual gains ranged up as high as 47 per cent. The auto supply chains, where the trend of sales has been distinctly disappointing during most of the current year, first on ac- count of the unusually hard Winter, and later in the year because of the floods in the Eastern part of the coun- | try, there were gains as high as 34.7 per cent, a large part of which was directly traceable to bonus buying. But as has been the case in recent months, it was the mail order divi- sion ‘which led all other groups, both from the viewpoint of percentage gain and dollar volume increase. These groups are enjoying the best year in most cases in their history, the survey adds. The shoe chains, which consider June the best all-around month of the year, showed an increase of 21.4 per cent, which was the best reported for any June since 1929. The only two groups where the showing was not spectacular were the grocery and the drug divisions, probably due to the fact that these chains did not feel the stimulus of the bonus payments as much as some of the others, the re- port says. Seaboard Stock Offered Here. James M. Johnston & Co., Wash- | ington, and Leach Bros., New York, are offering today 20.000 shares of | Seaboard Finance Corp. $2 cumulative | preferred stock, no par value, with common stock purchase warrauts at- tached. The preferred stock is being offered at $28.50 per share, and the warrants entitle holders to purchase one share of common for each share of preferred held at $10 a share at any time on or before April 30, 1939. The purpose of this issue of pre- ferred stock was to acquire and pay for small loan notes, automobile finance notes and other assets pur- chased on May 1, 1936, from South- ern Security Co., Inc., Atlanta, Ga., for whose account the stock is being offered. The sale of common stock will provide Seaboard Finance Corp. with additional working capital. The preferred stock is redeemable, at the option of the corporation, on any dividend date at $30 per share and accrued dividends. Of the total authorized 50,000 shares of preferred stock, 30,000 shares were outstanding prior to the present offering. Of the authorized 200,000 shares of common stock, 95,000 shares are now outstand- ing, with 80,000 additional shares re- served against the exercise of com- mon stock purchase warrants. | The corporation is engaged in the personal finance business, operating a system of offices in principal cities of Virginia, Tennessee and Georgia. For the first four months of 1936 the company reported net earnings, ap- plicable to dividends, for the consoli- dated system, of $95,064. Riggs Declares Dividends. Following the regular meeting of the Buard of Directors of the Riggs Na- tional Bank held late yesterday, Rob- ert V. Fleming, president of the bank, stated the regular semi-annual divi- tend had been declared upon the pre- ferred stock of the bank, payable Au- gust 1 to stockholders of mecord June 30. < The board had declared the regu- far dividend on the common stock, $2 per share, payable on July 15, to stockholders of record June 30, and 82 per share, payable October 15, to stockholders of record September 30. Mr. Fleming further stated that ad- ditional reserves had been added for she retirement of preferred stock, and that the directors also authorized the transfer of $50,000 from undivided profits to surplus account. Bank Stock Active Today. Riggs National Bank common stock ras active on the Washington Stock Exchange today, five small lot trans- {fers taking place at 270, ex-dividend. The market closed with 260 bid and 270 asked. Potomac Electric Power 6 per cent preferred stock sold today at 111, and $1,000 Capital Traction 5s changed hands at 92%, same as the last sale yesterday. 61 % 34 ais Stock Averages 69 T— 226 23% 918, 8% 59% 14 31 18 120% 121 9% 9% 3% 33% 3% 4 25% 25% 47 50 24% 14 26 408 8008 3 3 80 8tks +8 37.4 *51.5 *66.4 369 506 656 358 492 63.8 246 325 454 39.7 515 664 302 434 557 312 447 561 30 15 18 Indus. Rauls. Ut Net change. +.8 + Today, close88.4 Prev. da; 87.6 Month ago- 85.3 Year ago... 62.2 1936 high__. 88.4 1936 low. 734 1935 high... 76.3 1935 luw.... 495 185 216 348 1932 low. 175 87 239 169 1929 high.. 1489 153.9 184.3 157.7 1927 low.... 51.6 953 61.8 6138 *New 1936 high. (Compiled by the Associated Press.) J————————————— BY VICTOR EUBANK, Associated Press Financfa Writer NEW YORK, July 14—With Amer- 4 | ican Telephone in the lead, and steels and specialties running a close sec- ond. the stock market today turned .. | in gains ranging from fractions to 3 * | or more points generally. Despite a profit realizing which tended to restrain many issues, a number of new 5-year highs were | istered. The close was firm. Tranc- fers were around 1.500,000 shares Buyers responded not only to a | further break in the drought, but top-grade business and industrial news proved inspiring in numerou | instances. Telephone Issue Up. The major telephone issue got up about 4 points at its best as gossip was | heard in the Street that the fuil | quarterly dividend of $2.25 was earneq in the June period for the first time several years. Steels rallied when it was unoffi- cially estimated that United States Steel may have shown a net of nea $1 a common share in the second quarter. Further lessening of stecl strike fears was also helpful. Norfolk & Western hit the 300 mark for an advance of about 22 points at | its peak as rumors of a “split-up” o the issue, together with an increased dividend, were again whispered i the board rooms. Stocks Showing Gains. Outstanding performers on the v side were U. S. Steel, Bethlehem, Na- tional Steel, U. S. Pipe & Found. Inland Steel, Philip Morris, Simmons | Co., National Cash Register, Colum- | bian Carbon, Texas Corp., Federal De- partment Stores, A. O. Smith, Air Re- | duction, American Smelting. Cerro de Pasco, North American, Western | Union, Santa Fe, New York Central. Union Pacific, Douglas Aircraft, United Aircraft, Kennecott and Anaconda. | Chrysler and General Maqtors were steady to somewhat improved. Such farm implements as J. I. Case, Deere and Caterpillar Tractor did better. Bonds were mixed. Gold curren- | cies were firm in terms of the dollar. Rainfall caused selling in grains. | Wheat at Chicago lost 1's to 17 cents | a bushel and corn was off 1% to 2'2. .|ADVANCE MAINTAINED BY TRANSIT REVENUES Spectal Dispatch to The Star NEW YORK, July 14 —Revenues of the transit industry, based on tele- graphic reports received from a rep- resentative group of transit operating companies, for the week ending July 4 | 4 1936, showed econtinuing improve= 1,. | ment over last year. Transit Journal's 1% | revenue indicator stands at 112.80 as 1« | compared with the corresponding week ¥ | in 1935 | For the week ending June 27, 1936, the indieator was 109.27. The third quarter opened with a | gain far and away above any that the transit industry has had in recent | years. A part of the gain, of course. | came because this year Independence day fell on Saturday, whereas last | vear it was on Thursday, eliminating | a full working day. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) oer 26% 151 511 26% 80 35 321 154% 49 73’- ¥ 58% 13% LR o S I ++ ) 101', Spang Chal pf 15%.- s xrk - Withington T+ 1 +4+++4+ 10 5 157 Sperry C vte b2 13%. Spicer Mfg - 44 Spicer Mfg pf (3) - 63 Splegel-May-8 (3) 21% Square D (B) (50¢c) 14*. Stand Branas(30c). 72 120% Stand Brands pf(7) 30s 10 Stand Com Tobacco 2 5ix Stand Gas & E) (d). 32 9'; Stand G&E $4 of (d) 17 24% Stand GEE $6pf(d) 1 26% Stand GEE $7 pf(d) 15 2 Stand Inv Corp 2 35% Stand O ef Cal (11). 37 32% Stand Ofl of Ind(t1) 42 £1% Stand Ollof N J 1. 65 Sterling Prod (3.80) 2% Sterling Secur (A)- 8'a Sterling Secur pf... 16'; Stewart Warn(50¢) 14% Stone & Webster % 91 Studebaker Corp. 91 72 SunOfl (11) | 124 118 Sun Ofl pf (6) | 40 27 Superheater (50¢c) Superior O} 9% Superior Steel 23 Sutherl'd Pape: 4« Swift & Co (1) 28Y Swift Int] Ltd (2 57 Symington A (d) . fi‘. Telautograph(60¢) x « Tennessee Corp.._. "8'- ‘Texas Corp (1) 33 Texas Gulf Sul . 715 Tex Pac C & O a2 9% Tex Pac Land Trust 8% The Fair ___ 17 110s 10s 6 ARt 2 208 6 3 44 2 28 203 10 8 127 10% 8 184 49'3 53 133w 129 Y7 5ty | 172 156 37 28 9% 5% 308 10 53 49 > 6z 12 2% 16% 51 141 37 20%; 7 38% 36% 617y 72 34 10 19 20 11% 8 122 387 3T 621, 2 38 10% 19% 20% 11's 78'3 122 31 31 4% 4y 1% 11 281a 211y 31% B o B S I e 152% 33% 36 26% 178 104 26 244 1734% 1017 Mo Pacific pf(d) . Mohawk Carp (1)... Monsanto Chem(t1) Montg’y Ward(80c) Morris&Essex(3%) Mother Lode ___ Motor Products (2) Motor Wheel (1)__. Mullins Mfg (B) Munsingwear al% Murphy (G C) 1. Murray Corp . Nash Motors (1) Nashv Chat&St L_. Nat Acme Co 149y 881 1% 8 251 19 2 928 11 5% 54%, PI+1 0+ ++44+ 9 66 108 S munalicmaiionDeaan 23 118 24 1 Nat Cash Reg (50¢c) Nat Dairy 2(1.20) . o x 49' Nat Steel (1%%) Nat Supply Co - « Nat Supply Co pf._ "s Nat Tea (60c) Natomas (18u¢) 2 Neisner Bros (1%) 41 Newberry J J(1.6V) 9 Newport Industries 3215 N Y Atrbrake 27% N Y Central RR___ 17% N ¥ Chicago & St L. 36 NYChi&StLopf 3a N Y Dock . 10% N Y Dock pf._. 1 N Y Investors (d) 3 NYNH&H (@) .. 7% NY NH & H pf (d) 4 N Y Ontario & West 9's N Y Shipbuilding.. 57 N Y Shipbldg ot 107% 93% N Y Steam 1st (7) _. 27 1% Norfolk Southn (d) 278 210 Norfolk & W (18)__ 10% 6% North Am Aviation 32's 23% North AmCo (1) _. 59 52% North Am Co pf(3). 237 Northern Pacific 12'; Ohio Oil (50e)__. 24's Oliver Farm Equip- 17 Omnibus Corp vte__ £ Oppenheim Collins_ 24% Otis Elevator (60c) 122 Otis Steel _ 70 23% Third Nat Inval.15 24% Thompson P alle_. 47 Thompson Starrett. 26 Thompson Star pf_. 14% Tide Wat Asso 60c._ 51 Tide Water Ofl (2) 10615 100% Tide Wat A O pf(6) 17% 12' Timken-Detroft __ 72); 56 Timken R B (12) 14% 11 Transamerica t40c x 27% 147 Trans & Westn Alr. 12 7t% Tri-Cont) Corp 7ia Truscon Steel 22!, 20th Cent Fox Film 313 20th Cen Fox pf 1% 8% TwinCity RT 2% Ulen&Co . 74% Und-Ell-Fish (; 9 125% Und-Ell-Fish pf (1) 308 381 Union Bag&Pap (2) 4 71% Un Carb&Carb 2.40 59 20% Union Ofl of Cal (1) 22 10813 Union Pacific (6) .. 90% Union Pacific pf (4 22% Un Tank Car (1.20) 205 United Alrcraft . 13 United Afr Lines vtc 24% United Bisc (1.60) 22% Unit-Carr F(+1.20)_ 68 United Carbon 2.40. 5% United Corp ... 40Y% United Corp pf(3).. : 103, United Drug i WGEL L : E 5 United Dywood (a1) 1 47 Outlet Co (12 4 United Elec Coal._ 125 Omens 1L 6615 United Fruit (3) __ 2 Owenc IIE Jolyat 14% United Gas Imp (1) 313 Pacific Coast . ... 10 U S Distributing of 84 Pacific Coast 1st 13 US & For'n Secur . 41 Pacific Coast 2d. 80's U S Gypsum (2)___ 30% PacificG & E (1 7. U S Hoffman 47% Paclfic Ltg (2.40)_. 331, U S Ind Alcohol 14% Pacific Mills 7 6% US Leather vte ___ 118 Pacific Tel&Tel(6). 40s 10% U S Leather(A)vte. 11% Pao West O (b25¢) 2 21 US Pipe & F (1) 674 Packard Mot (a25¢c) 128 7% U S Realty & Imp - 1% Panhandle Pro& R_ 1 16% U 8 Rubber___ 181; Panhandle P&R pf. 10s 47 U S Rubber 1st pf. 67 Parafiine Co (2)_-_. 78t U S Sm & Ref (a8) 7% Paramount Pictures 46% U S Steel .___ 59 Paramount 1stpf__ 115! U 8 Steel pf (2). 8% Paramount 2 pf._.. 5 United Stores (A).. 2% Park Utah _ - 67% United Stores pf $3. 57% Univ Leaf Teb (13) 50 UnivPlolstpf._. 1 Univ Pipe&Rad (d) 13t Univ P&R pf (d) ... 31s Utll Pwr & Lt (A) 1 Vadsco Sales Corp. 30 Vadsco Salespf. ... 16% Vanadium Corp--.. 28% Van Raalte (1) 40 Vick Chem (¥2). 109 Va El & Pwr ot ( 39 66 5 17 15% 7313 308 100s 2 FrEFE 36% 22 17 54% 25 14 323% ++ 5 rFr o ..‘ 20% 7 1 3 2 2 7 1 7 3 6 12 l 4 101 1208 10s 92 40s PR ot L] % in 56 13 FEF Py 22 )‘ - 15 94 55 HHEE Htbbiadl s 1++++1 11 EF FEF FFF [N L Frs $2FLcr2Fr b AR A | et Sugar 6s 1940 Amer, Beet Sugar 65 100 23 Parker Rus P(l*) ,Alll 4 Parmelee Transp't.. 6% Pathe F{lm Corp-.. LA I1+40 0 rorrs PEFEETIPFESRS FFFEF FEF FELFE 27 2 10s 38 6 ) 641 Penick & Ford II).. 69 Penney (J C) (13)_. 3% Penn Coal & Coke.__. 4'; Penn Dixie Cement. 28% Penn Dixie C pf(A). 17 Penna Gl 28Y% Penn Raliroad (al). Dml('l)_. © S = i serxs"r N SEE R &R 9% Waldorf Syst (80¢) 30 Walgreen Co ((2).. x 26% Walker (H) (2)_ 17% Walker (H) of (1)_. 5! Walworth Ce. ... 107 Ward Baking (A).. 214 Ward Baking (B) ._ 47% Ward Baking pf(3). 9% Warner Bros Pic 44 Warner Bros Pic pf. 1 5 1 0 a3 25' Pere Marquett. 6413 Pere Marq pr pf-. 16 Pet Milk (1) - 12% Pet C'p of Am a25c. 10'x Pfeiffer Brew(1.20). 25% Phelps Dodge a50c._.. 45'; Phila Co 6% pt (3) . 814 Phila Rap Tr pf(d). 270: 1'; Phila & Read C&1__ 2 66 Phillip Morris (1) 7% Phillips-Jones ... 38! Phillips Petrol(t1). 72 Phoenix Hpf (3%). 1 1% Plerce Petroleum__. Tt Pitts Coal. 2 353 Pitts Coal pf. 713 Pitts Screw & Bolt_ 49 Pitts Steel pf 3 Pitts United Corp 21 Pitts& W Va 14 Pittston Co 11% Plymouth Oil 12 Poor & Co (B) 6% Postal Tel&C pf(d). 24 Pressed Stl Car (d). 18 Pressed Stl C pf(d). 40% Proctor&Gam(1%). 122‘6 117% Proc & Gam pf (5) . 48% 39 PubSveNJ (240). 1i1% 103% PubSve N J pf (5)- 12613 1131 PubSve N J pf (6).. 141% 128 Pub Svo N J of (7). 157 146 PubSve NJ pf (8)- 48% 367 Pullman Inc (1%)-. 24% 16% Pure O11 133% 103 Pure Ofl pf (8) 17 9% Purity Bakeries 40 9% Radio Corp 68 Radiocu 1st pf 3% 82% Radlo Corp pf (B).. 5 Radio-Keith-Or(d). 11 RRSecllCent.... 287% Raybestos-M (13%). 35% Reading (2) ... 1% Reis (Robt) - 18% Rem Rand ({60c) . 21 Rem-Rnd 6% pf 1%. R S R O o S S S I ++ 00 ++++ 00+ ® B R e I S %] NP RO 1o N B 1IN 1 FE £ F 167 170 223 14215 142% 38 74 2525 #Esw 54% Caterpillar Trac(2) 21% Cela: Corp ab0c.. 19 Celotex Corp 25% Cent Aguire (11%). 35 Central RROfNJ_. 47% Cerro de Pasco (4). 8% Certain-teed Prod 102's 80% Certain-teed pf (7)- 21 1% Champ Pap & F' (1) 104% 101 Champion Pa pt (6) 80 59 Chesapeake Corp(3) €7 51 Ches & Ohto (2.80)_ 1% Chi Grt West (d) ... 4 ChiGrt Wof(d) . 25% Chi Mail Order t13. 1% Chi M1l StP&P (d) . 27% Chi M StP&P pf (d) 2% Chi&NW () .. 6% Cht & N W pf (d) 12% Ch! Pneumatic Tk 40% Chi Pneu Tool pf. 1% Chi R | & Pac (d) . 3% Chi R &P 6% vf(d) 315 Chi R I&P 1% pf(d) 19% Chi Yellow Cab (2). 20 ChickashaCO (3).. 7 ChildsCo . .. ..... 25 Chile Copper (1) 851 Chrysler Corp (6)... 15% City ice & Fuel (2). 72% City lce&F pf (%) 4% City 8 m 28% Clark Eq 88 Clev Grlnh BI' ). Coca-Cola (3. - 18 Colgate-P-P llu).. [ 21 Warren Fary&P(1)x 6 19 Waukesha M(160¢) x 18 6'%4 Webster Eisenlohr. 1w Wells Fargo 335, Wesson O&S(150c). 91% West Pa Eleo (1)A- at 981, 87 West Pa Elec DI(6) 2808 “| 110 96 West Pa Elec pf(7) 4 116 111% West Pa Pwr pf(6). 124 8 Western Maryland_ 9% 5% Western Pacific pf. 95 17213 West Union (a2)_. 48Y% 34% West'gh'se A B (1). 131% 943 Westingh’se El (4)- 145 1231 West'g'se 1st pf 3% 225 Weston El | (a25c). 19% Westvaco Chlo 1406 I+++ 141 ++++ ++4+ FEEFF FiEED S - e E VRO D e 53 01 e €3 €3 0N 00 3t 20 SO RO D e e 0 1 O secFe FOREIGN EXCHANGES. (Reported by W. B. Hibbs & Co.) Nominal Checks 2old value. RGBS 19% 388, % 103% 103!: 2 98 Tl 1074 107K 1131 1134 9% 9% 5% 5% 874 88% 40% 42% 130 131 138'6 138% ® + £ 2614 105% =e2® 2 19% 708 103 -- 11 79% 43 67% LA Ex{mh franc o fdna, st Vierna. ot EEE L - Stockneim ™ crown t Hydro Elec (A) .8 2% (nt Hy Montreal. 3-32% discount. 43% Int Nickel(Can)1.20 3% Int Paper & PW(A). 1% Int Paper & Pw(C). 20% Int Paper & Pw pf. 3% Int Ry Cent Ame: 3 Int Ry Cent Am vtc. 23 IntSalt (1%)ccceaae 15 IntSflver.... 50 IntSilver pfoceceae 12% Int Tel & Tel. . 10% Interstate Dept Str. 82 Int Dept Strs pf(7). 24 Island Creek (2)._- 88 Johns-Manville(3)._ 90% 75% Jones&Laugh7%pf. 121 116% Kan C P&L 1st B(§) 13 Kans City Southerr. 19% Kans City South pf. 17 Kaufman Dep 8 (1) 26% Kayser(J)& Coa760 20 Kelsey-Hayes (A).. 18 Kelsey-Hayes (B).. 14% Kelvinator (150¢) .. 284 Kennecott C (1.20) . 17% Keystone StI&W(2)x 11 18% Kimb-Clark (50¢).. 2 37% Kinney (G R) Co. 4 25% 20% Kresge (S8) (1) uou 101% Kresge (8 S) pf(7). 19% Kroger G&B (1.60). 38'/6 20% Laclede Gas (StL). 50% 32 Laclede GasStLpt. 26% 19% Lambert Co (3).... 1% 16% 7% Lane Bryant....... 12% Lee Rub&Tire (50¢)x 23 102% 4 - 13% White Rk M 8(1.40) ite Sewing Mch_ U. S. TREASURY NOTES. (Reported by Chas D. B Co.) Rate-Maturity, md. ey & [owmEommommon 2% Wilcox Ol & Gas_. 6% Wilson & Co (500) - 70 Wilson&Copt (6).x 11 44% Woolworth (3.40)_. 32 23% Worthington Pump. 2 56 Worth Pump Df(A). 47 Worth Pump pf(B). 62% Wright Aero. asss !uoh Towne (60¢) ow Truck. % BSV: Yule' ‘Truck 42% Young Sp& W ) 41% Youngstn Sheet & T 10s 31k 169 117% ll‘Vc 116% +2 18 17% 17% — 80'6 80 80% + % 6% 84% 32% N!fi +1K 14% 2025000 S3B=233 118% 118% 118% +2 21% 21 21% + 38% 38% 22% 22% + 27% 2T% + 22% 22% + 19% 20% — 41% + 208 29 + 4% + 24Y% 24% + 108% I.OGV. 103% 20% 20% 30% 49 +l4+ ++tt+ 4+ b st AR RN R A NP PG ottt 22 259555050 S222222E=R 41 ‘41 31% - % 26 21 107% 97 391 130 +2 674% + 'A 102% 122 +8 lu!fi -1 15% — % %! approximate Sales of Stocks on the N. ¥. 11:00 AM..... 360,000 12:00 Noon. 1:00 P.M._ - 1,010,000 Tof Sales for the day. 1.6 Dividend rates as given in the above table are the annual cash payments based on the latest auarterly or half-yearly declaration® ot trading less than 100 shares. tAnnual rated— U xtras. JAccumulated dividends. a Paid this no‘h“i‘?‘l’ffl' l:lt nl! dcomblna reported In receivership or being reors: 19% Colo & South 18t pf 14 Columb G&E(a20c) 90% ColG& Epf A (6). 80% Col G & B pf (5). 31 Colum Piot vte(t1) 134 94 Colum Carb vte(t4) 44 Comcl Credit (3)_.- 102“ 100% Comecl Cred pf 4% n 119 110 Come! Cred of (6%) 82% 56 Comel Inv Tr 13.60. 116% 110% Comel 1 T cv pt (6). 24% 14% Comel Solv (80¢) ... 5% 2% Comw & Southern.. 59% Comw & Sou pf (3)- 12% 7 Conde Nast Pub___. 44% 82% Congoleum-N 1.60.. 33% 19 ConnR&LDI ... 13% 8 Consol Clgar. . ceee 4d — NEW YORK PRODUCE. W YORK. July 14 (#).—]) muul-r Mixed Colors Specis] selections from fresh receipts standards u_ commercial Patandards. ~4a nl ., 22 s «) munflf ds, 213 +4+1 5 19% 84 82U + % 12% +1% 32 +1% 25 + % 27% +1% 60 + % 77 Republic Steel pf . 78% Repub Stlpf A (6)- 10 Revere Copper . . 24% Revere Copper (A)- nolds Met (1) 25 Reynolds Spr'g new 59% Reynolds Tob (3)._ 3% medlllml o. ) averase cheeks 19810%%. Butter. 16.073; easler. lhln exl‘rl (flfl ” fir | tralized (R.(I ) Iq‘!l'll Cheese, 619 201 Pri Creamery, higher extra (92’ score), 33a33%; cens unchanged. 114% 114% 16% 15% 3% 3% 17 6% % 1% 4% 33% 23 28 % 9% fi“,—‘::’.‘.‘;‘fi.“b 3“"“ conlunmun figures O ARIS T Eionea Basiule. das + " :sx 2x e FOB-EIGH MARKETS. ransstiantic securities eased. () —8tock POOL, July 14 (P.—Wheat fu- e em aulet and” tesulsr, with mnm- bfi- frm on —t on & email scale. Home salls were in de- |bullsh ~ Canadian croo estimate Stroock (E) & Co. Inc.—Common tations of fa me fl"" share earnings, six months ended June dend announcements. Steel ma" profit taking while thwemnmer 30, were $1.27, against 80 cents. industrials were barely steady. { e ous and mining issues e dull but teady and ti —_— American European Securities Co. —Net asset value on June 30, 1936, equaled $14.15 per common share against $9.43 on December 31, 1935, s nom RATER “ %flll money Ioang sieady: hemm rlk. cent, 13 N % 2% 2% 24+ % op eent per cent. 15% Leh Por Cmt(a25e) 94% Lehigh Por C pf(4). 2 Lehigh Valley Coal. llaflt. 0 L ASE §3YorK Reserve Bank. 1% per