Evening Star Newspaper, July 16, 1936, Page 17

FINANCIAL. TREND DOWNWARD INBOND MARKET U. S. Government lIssues Lose—Treasury Loans Meet Increased Selling. Bond Averages 10 10 Ut Porn Net change. 1 —1 ‘Todya, close. 93. 2 103.5102.8 Prev. day-.. 93.3103.3102.7 Month ago.. 92.6102.7101.9 Year ago... 818 982 970 1936 high... 94.3104.1 102.9 8691018 99.3 87.8102.2 99.8 6.4 922 845 458 400 646 101.1 98.9 1029 100.5 10 Low-Yield Bonds. Close ....111.9 Prev. day. 111.7 Month ago112.0 Year ago- 110.4 1936 high. 112.3 1936 low.. 110.2 1935 bigh. 110.7 1935 low.. 107.9 1928 high. 1044 1932 low.. 868 (Compiled by the Associated Press.) R-n- rnan- +.2 NEW YORK. July 16. — United States Government issues again tipped downward today in an irregular bond market. Comparatively steady through the forenoon, the Treasury loans met in- creased selling in the late trading, Support appeared after declines rang- ed from 1-32nd to 12-32nds of a point. | The widest losses occurred in the 31ss of 1946, and 3'ys of 1941. Pressure on the the effect of ber banks on money rates. Prime loans *in the corporate sector were unaf- {fected, Some railroad liens declined frac- tions to around a point. Utilities and | industrials were steady. Polish 8s steadied after a sizeable loss in the early trading. Uruguay Cs were weak, Brazilians improved. NEW $34,000,000 BOND ISSUE OFFERED TODAY Special Dispatch to The Star. NEW YORK, July 16.—The Narra- gansett Electric Co. is today taking | the final step in simplifying its capi- talization with the public offering of $34,000,000 Narragansett Electric Co. first mortgage 3!, per cent bonds, series A, due 1966, at a price of 102.83 per cent. The offering is being made by a banking group. INVESTING 'COMPANIES NEW YORK. July 18 (P.—New York | Security Dealers' Association Admin Fd 2nd Inc.. Am Gen Eq Inc Am Business Shrs Am Ins Stocks Basic Industry Broad St Inv Bullock Fund Corporate Trust Corvorate Trust A A Corp Tr A €218 Tt Al Ser Corp Tr Acc Mod Cumulative Tr Sh S Depos Bk Sh N Y “A" Depos Ins Shrs Depos Ins Shrs ‘B Diversified Tr € Dividend Shrs Equity Corp S3 pf Fidelity Fund Inc. First Boston Corp Pixed Trust Sh A Fixed Trust Sh Found Tr Sh A Fund_ Investors Inc - rs Asked Gen Investors Tr Group Sec Agriculture Group Sec Automobile p Sec Building Sec Chemical _ Sec Food 2 Sec Invest Shrs _ Sec’ Merchandise Sec Mining Sec Petroleum Keyston Cust Fund B-3. Mator Shrs Corp Maryland Pund Mdss Invest Tr Mutual Invest Nationr Wide Sec _ Nation Wide vtc N'Y Bk T Selected Indus cv pi- Spencer Trask Fund Stand Am Tr Shrs _ Stand Ut Tne Super of Am Tr B Super of Am Tr B B Trustee Stand Inv [ Trustee Stand_Iny Trusteed Am Bk “B' Trusteed Industry Shrs Trusteed N Y Bk Shrs CHICAGO LIVE STOCK. CHICAGO. July 16 (7.—The live stock nirket showed furthers substantial im- nrovement today under the influence of lighter receipts and cooler weather. Both the hog and cattle runs were under advance estimates for the second consecu- tive day and this gave the advantage to sellers.” On top of an average drove cost increase_of 9.51. widest Sprin; tax was remo 15_to mostly The seneral cattle grade was strong 16 25%higher, with light steers seliing up to £.00, Most sales were fully 50 above Monday's level. Steadiness of the wholesale meat trade after a rather sharp decline in the prices of some cuts earlier this week was a fa- Yorable influence to buvers of live stock; Steer carcass quotations remained at 8.5 wholesale. o140 er hundredwelent. Beet and veal carcasses have been cut &8 s 1,00 this week. while some lamb nlve lost 3.0¢ Presh pork is 50 to " 0 lower than Xlu last week. I';hc sheep market regained lleldlntsl 4167 8 Sharp declines eatlier in the although some common light-weight llmbu were easier. A few natives sold up to TEXTILE ACTIVITY. NEW YORK, July 16 (#).—Activity of textile mills in the United States {for the five months ended May 31 was roughly 9 per cent above the compar- able 1935 period, according to the Tex- tile World. The trade paper estimated first’ half results would show at least that rate of increas. CAN PLANT mnamm Government list | indicated continued uncertainty as to| the Federal Reserve | Board’s edict raising reserves of mem- | BONDS ON By private wire direct to The Star. Approximate Transactions Today. U 8 Gov't Bonds 4 120 000 Foreign Bonds. 1280 000 Domestic Bonds. 9 700 000 TREASURY. High. Low. _ Close. 103 20 103 15 103 1b 101 30 10122 101 22 101 100 26 100 26 1028 10130 102 1053 10431 10431 104 16 104 12 104 12 10530 105 28 10528 105 26 105 26 105 26 10826 108 28 108 23 10720 10716 107 15 1087 1087 1087 10831 108 26 108 26 1086 1084 1084 1117 1116 1116 23,8 194547 2%s81955-60__ 38 1946-48 35 1951-5: 3105 1944-46 33,5 1940-43 June 338 1941-43 Mar. 3%51943-47 335 1946-56 4s1944-54 43451947-52 4% 5-3%s19. 10725 10725 FEDERAL FARM MORTGAGE. 10824 10817 103 21 10230 10230 102 30 . 10331 10327 108 27 HOME OWNERS’ LOAN. 21,5 1942-44 1013 101 1013 23%81939-49 1018 1011 1013 38’1952 10221 102 13 102 16 FOREIGN BONDS. Hign. Low. Close, _ BB} badg BBY 1935 193§ 19} 8% 8% 84 8% 8% { 1001 100§ 10014 1003 10085 101 - 101 101 1003 101 4 10035 1003 4 1005 10034 § 10035 10035 1002 101 4 10134 101% 1068 107 1074 107§ 107§ 9By 96% 963 21 241 201§ i 10714 10734 10774 1077 10775 116/ 116 10635 1 285 235 27 26% 26'¢ 26% 2615 261 263§ 323 31% 32 _ 104 104 104 ct. 973§ 9T 9T 6615 66} 6635 65% 65% 65% 6875 6815 68% 7 70 10 10174 101% 101§ 1098 109% 109}5 1143 114% 1143 14% 1434 1414 1434 | 1485 1435 14% 14% Abitibi Pa&Pw 5s ‘53 Agr Mtg Bk Col 6s *47 Febr coupon on Antioquia 2d 78’57 new Antioquia 3d 7s '57. Antwerp 58 58 Argentine 53 '62 Argentine 6s Argentine 6s Argentine 6s Argentine 6s | Argentine 65’60 May Argentine 65’60 Sept Argentine 6s '61 Febr Australia 4355 '56 | Australia 58 Australia 58 ‘57 | Austrian 78" Bavaria S 6155 "45 Belgium 65 '55__ Belgium 61 Belgium 7s | Belgium 75’56 | Berlin Elec 6128 Brazil 628 '26-'5 Brazil 6138 '27-5 Brazil 7s '52 Brazil §s *41 Brisbane 6s Buenos A C 6s Buenos Aires 43 s-45s'76 April_. Buenos Aires 4%}8-3%8'7TPv____ Buenos A 6s 61 st Pv_ BuenosAC6148'61stPv Canada 3%;s'61. Canada 4s ‘60 Canada 58’5 Chile 65 '60 _ Chile 65’61 Jan _ Chile 65’61 Febr Chile 65’61 Sept Chile 65 '62 Chile 6563 | Chile 7s 42 Chile Mtg Bk 6s'61__. Chile Mts Bk 6s '62 Chile Mtg Bk 6’: | Chilean Mun L { Cologne 6128 { Colombia 65 '61 Ja | Colombia 65’61 Oc Copenhagen 5s '52 Costa Rica 78 A '51- 9 100 100 49% 49 10134 10135 10134 89 89, 89 99 99 99 10245 10175 101% 105 10513 68 8 Cuba 5135 '53 Czechoslovakia 8s Denmark 4%s°6: Denmark 5128 Denmark 6s '42_ Dominic 1st 5355 '42 El Salvador 8848 ct Finland 65 '45 Finland 658 '56 Frankfort 6 | French Gov French Gv French Gov 7 | Ger C Bk A 6s'38._ | Ger C Bk A 75 %30 Ger Gen Elec 6128 40 Ger Gov 513865 st___ Ger Gov 5% '65 un st | Ger Prv & City Bk con Ag 632875 | Ger Rep 7s 49 slpd 1 Ger Rep 7s '49 un st._ Grt CElJap 7s 44 Harp Min 65 '43 w- Hungary 738 '44 Febr couponon____. Hung Con M 73%s 45 unmat coupon on..... 69% 107 1021 2133 189 17614 164 69% 107 102 2135 Ital P U Crd 75 52 Japan 53 "85 Japan 6125 '54. | Kreu&Toll 5’59 A ctfs Mex 45’10’45 asst sm Mex 45 '54 asst Mex Ire 435543 asst_. | Milan 612552 | Minas Geras 61:859 Sept coupon on Montecatini 7s '37 New So Wales ; New So Wales 5 Norway 4%s 6 Norway 4145 56 Norway s ’63 Norway 6s 43 Norw Hy Elec 5 Oriental Dev 5% Oriental Dev 6 6 65 635 4% 17% 174 95 95 103 103 103 103 1031, 108% 96 96% 9635 1013, 1013 1013 102 10134 102 _ 1064 106} 106% 102 101% 102 Y% B T 80 80 80 97 9634 96! 101% 101§ 101% 63 625 63 118 118 118 15% Panama 5s '63 stp as_. Paris Orl Ry 5%s '68_ Pernambuco 7s 47 Sept coupon off. { Peru 6s'60 | Peru 6561 Peru7s’5 Poland 6s '40 Poland 7s 47 Poland 8s '50 Porto Alegre 8s '61 June coupon off Prussia 6%s " Queensland 7s’ Rio de Jan 6%s 53 Aug coupon off. Rio de Jan 85’46 April coupon off ... Rio Gr do Sul 65’68 15% 1134 1% 143 u% ca% 20 21% 21% 21 Rraltiastiog 16% 17% 16% 174 185 174 % | E Tenn lien 55 '38 THE EVENING STAR, STOCK EXCHANGE i, . & A T&S Fead) 4 95 st A T&S Fe gen 45’95 AT&SFedl% Atla&Ch A L 68’44 At Coast L 1st 45 '52_ Atl Coast L clt 4s°62_. AtICL un 4%;8'64___ Atl Coast Line 58 di - Atlantic & D 1st4 Atlantic & D 2d ¢s 'u AtIG & W J 55’59 Auburn Auto %839 B&O1st dl ’ll Bang & Aroos 4s '51. . uo;( uox uo% 114% 11434 1145 1113 111% 111% my mx g 97 883 8 Bang & Aroos cv 4851 i Bos & Me I% 61 J. Bos & Me 58 '55 Bos & Me 58’67 Boston N Y AL 4s’55. Bot Con M 634834 Bot Con M 634534 ct. Bklvn Un El 58 50 Bklyn Un Gas 58 ‘50 Buff R&P con 4%s '57. Bush Term con bs * Bush Term Bldg 58 '60 Camag 7842 etfs._ Canada Sou 5862 A _. Can’dian N R 418’51 Can‘dian N R 415’56 Can'dian N R 4%s'57 Can'dian N R 58’69 Oct Can'dian N R 58’70 __ Can’dian N db 6355'46 Can’dian P db 4s perp Can'dian Pac 4325 '46 Can'dian Pac 4%s ‘60 Can‘dian Pac 58’44 cfs Can’dian Pac 58 '54 ... Caro Cl1& O 6s A-.. Car & Gen 55’50 ww Cent of Ga con 58’4 Cent of Ga 58’59 C___ CentINE &G 55°51 - Cent N England 4s'61. Centof NJ 4s"87 . . Cent of N J gen 5s 87 Cent Pac 5s '60 Cent RR B Ga 5 Cert'd deb 5‘&3 8. Chesap Cev b8 ‘44 Chesap Corp 584 C&O 413593 A C& Ocon 55’39 C&OR&A 1st 45'83_ Chi & Alt ref 3s°49 Chi B& Qgen 45" ChiB& Qrefbs CB&QIdivrgd}s Chi B&Q I div 4s°49__ Chi& E Il 5851 Chi & E 111 58 51 ctfs. ChiG L & C58'37 Chi Grt West 45’59 Chi1& L gen 55’66 Chi Ind & So 45 '56._ CM&StP 45 '89 CM&SUP gn 4135’89 C. {CM&StP 41:8'89E __ | CM&SP 55 CM&StP&P adj 552000 Chi & NW gen 335 '87 W :Pn 4s'87 st Chi & NW 4 IZOLC Chi& NW 43849 __ Chi & N'W gen 55 87 __ Chi & NW rf 58 2037__ C&NW Nr W 6%s 36 ChiR I&P rf 48’34 __ Chi R I&P rf 48’34 ctf Chi R I&P gen 45 '88 .. ChiR IkP{‘,! - Chi R 1&P 41;8 Chi T H&S 1st 5 Chi Un Sta3%s 63 E_ Chi Un Sta 4s'63 Chi Union Sta 58 44__ Chi& W I con 4s'52__ Childs & Co 5s '43 Chile Cop deb 58 "47__ Cin Gas El 4568 A Cin Un Term 4155 2020 CCC&StLrf 41811 E CCC&St L ref 55 '63 D Clev Clifts It 4% s '50 Clev ElTllu 3%s 65 _ 33| Clev UnTel 434577 Clev Un Term 58 ‘73 Colo Ind cl tr 5s "34 Colo & So 414580 _ Columbia G & E 55 Columbia G&E 58 '61. Comel Inv Tr 53549, ConnR&L 4% Conn R&L 4% 1.!(; Cons Coal Del 5860 . _ Cons EA NY 3%s'46n Cons Ed NY 3%3s'56 n Cons Gas N Y 434851 Consum P un 313 Consum Pwr 33, s'65. Container 6s ‘46 | Crown C & S 4550 Cuba RR 1st 5s 52 Cuba RR 68’36 ______ Cuba RR ref 7155 '36_ Cuba Northn 51454 Dayton P&L 3% Del & Hud ref Den G & E 58°51_ - Den & R G con 4536__ Den&RG W 5s'55 __ Den & RGW 58'55 asst Den & R G ref 58 7. Detroit Edis 45’65 F. Detrgit Edison 5s’62_ DulSS&At5s’37 __. Duquesne Lt 31,8 '56_ E Cuba S 7%s 37 &tfs. ETV & Gacnbs'56 El P&S W ref 5s '65. Eriecv 4596 Erie gen 4s'96. Erie ref 58 '67. Erie ref 58’75 Erie & Jersey 6s '55 Fed Lt & Tr int 55 " Fed Lt & Trac 68’54 B Fla C & Pen 55 '43 FlaEC Ry 5s'74 Fla ECRy 5s'74 ctfs. Fran Sug 7128 42 Galv H& H 5% s '38 Gen St1C 53;8 49 Gen Thea Eq 6s "40. Goodrich 6s *45 _ Goodyear T&R bs '57... Gould Coup 63 *4 Great N Ry 4846 G_. 16% 80 163 16% 9% 26% 1734 163 86} 1734 M sy 39 8 -nu 8% 8l 10234 101% mu 28% 58 June coupon off . Rome 63852 _ Rumania 7s "49 Aug coupon off___ Sao Paulo C 635’57 May coupon off ____ Sao Paulo St 6s 68 July coupon off Sao Paulo St 7s '40 Sao Paulo St 78 56 Sept coupon off Siemens & H 78 '35 Silesian Bank 6s 47 Silesia Prov 78’58 . Taiwan Elec 53s 71 Tokio 53’61 Tokio E L Ltd 65 '53. Trondhjem 53%8'57.. Un Stl Wk 61851 A_ Uruguay 6s'60 Uruguay 6s "64 Vienna 6s '52 May co- Warsaw 78’68 ______. Westphal El Pw 6s ’53 Wuerttemberg 78 '56_.. Yokohama 65 *61._. DOMESTIC BONDS. Great N Ry 4546 H__ Grt NRref4%s’'61 A GrtN R gen 41876 D Grt NRgen 4% "7 E. Grt N R gen 58 73 C. GrtNR51%s'52 B, Gulf M & N 58 °'50_ Gulf Sta St15%s 4! Har Ry P C 1st 48’54 _ Hoe (R) & Co 635 °34. Houston Of1 534 *40__ Hudson Coal 58’52 . Hud & Man inc 58 '57_. Hud & Man ref 5s'57_. 111 Bell Tel 338 111 Cent col tr 4852 111 Cent col tr 4853 Il Cent ref 4s '55_. Il Cent 4%s '66 Il Cent ref 55’55 111 Cent Omaha 38 '51_ Int Cement 4s 4! YORK, July 16 (#).— Con-| Adams Express 4s°47. 101% 100} 1003§ | 1n¢ Grt Ny 58 /56 C tingntal Can Co., Inc., announced to- day plans for the immediate ment and improvement of its proper- ties in the New Orleans district. Cost * of the additions was estimated by the company at $500,000. . Bankers Are Warned. Bhe Chinese ministry of finance h: announced that it will hold banks criminally responsible if it finds that smuggled goods were used as securi: ties for loans. MONEY B-ATES + NEW YORK. July oiel 1 per cent ali d" ime WD' B o Rl 13.‘""‘;., iite ey aecpie Uashatedel ) sl | Aem Sar cent. v llllolu! Adams Express 48 '48. 10034 1004 7% 10034 Alleg Corp 68 ‘50 Auled Stores 4% Allis Chalmers 4: Am & For Pw bs 10!0 Am Ice cv 55’53 Am Intl 5%s 49 A AmT&Tcltrbs 6. Am T & T deb 5 '60. Am T & T deb 5 AmTlTHS"‘:.- b ] 101 10135 136 133% 1. T TN 8% T4 1063 10584 114 18y 1125 124 1083 10814 18 13 112% 1123 1123 113% 118% 113% mym i 11015 uou 110% 363§ 36 4 744 554 ‘Am Writ Paper 68 3635 3635 Anaconda deb 4%s 0 105 10424 106 Ann A 1stexin 4s’'95. 70 69} 170 Arm&Co4%s’39r1g._. lflx 1083 1083 Armour(Del)1st 48'5F 973 Armstrong C'k 4s°50.. 1“9( 10534 10634 4 9734 ' Leh CAN 438’54 C Int Grt Nr 6s 52 A. Int Mer Marine 6s'41_ Int Pap 1st 55 °47 A Int Pap ref 6s°55_ Int Ry of C A 587 Int T&ET cv 43839, Int T&T 4%58°52 Int T&T 5855 Kan C Sorfin 58’50 Ky Cent Ry 48 '87__. Laclede Gas 65 '39_ Laclede G Laclede G & Laclede Gas 6s'42 A__ Lake S&M So 33897, Lautaro Nitr 6s '54.. Leh Val Coal 58 *64.-.. L3 . 102% . 94! 108 9214 . 112 - 29 28% 29 10134 10134 10134 5534 B} B}§ Un Pac 1st4s’47... 125 118% 16 118 1075 1075 1125 1125 1834 xu 174 104% 363 213§ 102 5414 106% 803 10134 10634 106% 8035 10134 10634 1% 17 16% 2634 1108 1103 109 109 Y 7634 1073 107% 20 20 10255 10255 1095 1093, 108% 108% 105 105 87 87 8115 81% 81 81 11734 11734 1025 102% 108" 103 60 60 815 8K 85 8% 83} 84 8834 84 63§ 27 10534 1053 105 1051 1013 101% 11534 116% 3¢ 10415 10434 118% 1133 11834 108% 10834 1083 10214 10234 10254 109 109 109 11234 11234 1124 94 94 1023 102% 1108 109 Y% 107% 20 1104 98} 6234 10334 48y 8% 107 107 8414 8034 87% 8 9 80 80% so WASHINGTON, Hig! h' m CI i35 s 9k 63'§ 63 53% 591 B8l 58l 6434 64 64 2134 12134 12134 L125 123 125 97§ 97 9T 10334 10334 10334 - 96 943 95 . 11134 11136 111%5 10934 109 1093 1081 10814 108'4 1025 10234 10234 108 103 108 9% 9 9 103% 103} 10334 . 43 43 @ Leh Val Coal 5874 LVNY4%s40 gtd__. Leh V P con 45 2003__ Leh V Pcon 4%s2003. Leh V RR con 68 2003. Lex & E Ry 58 ‘65 LigE & Myers 58 '51 Loew's 314846 Long Isl ref 4s 4 La & Ark 58 0 LouG & E 5= Lou & Jeff Bld 4! '45. L&Nunif 4540 __ L & N 1st 45 2003 _ L & N So Mon jt 48’52 Manati Sug 7% Man S 1st 7145’42 ctfs Manhat Ry 45 '90__ Manhat Ry 4s ‘30 ctfs. Marion St Shov 6s '47. Market St Ry 78 "40 A. Mead Co 65 ‘45 10134 10134 10134 10434 10434 10434 MiIlER&SLG5s’6 1043 10434 104‘6 MilER&SLrf5s'71. Minn & SLrf 48’49 __ Minn & S* 7. 58’34 ctfs MStP&SSM cn 4s 38 . MStP&SSM bs 38 gtd. MStP&SSM rf 6s *46 A Mo Pac 5865 A Mo Pac 68’77 F Mo Pac 5s *77 F ctfs Mo Pacific 58 80 H Mo Pac 68’811 Mo Pac 68’81 Ictfs_ Mo Pacific 5155 °49 A Mob & Ohlo 414577 Mohawk & M 45 *91 Mor &Essex 3155 2000 Morris & Essex 415’55 Mor & Essex 58 '55 » . ashv C&St L 48 '78 assau Elec 4851 gtd Nat Dairy 3%, s'51 ww ,\nmqpt,w,-wa i ew Orl Ter 1st 4853 ew Or T&M 4155 "56. ew Orl T&M inc5s'35 ew Orl T&M 58’54 B New Or T&M 5856 C New Orl T&M 5138 '54 N Y Cent 333s8°97_ N Y Central 3% s 46__. N Y Cent 4542 N Y Centcon 48’98 ___ NYCI’I“&I.\)IGH N Y Cent rf 55 2013 N Y Cent cvés'44 NYCL Sh31:s°98 ch&fin, 6538 N Y Conn 1st 415853 H&HI‘iu'fl & 1& Hcl tr 6s°40 H & H cv 6548 O&W gen 45’55 Y O&W ref 4592 NY Rys inc 68" N N N NY S&W gen 5840 ___ NY Tr Rk 68 46 stp_ NYW&B 4‘&3'46 Niag Sh 514550 North Am Co 58 61~ North Am Ed 5s'57 A North Am Ed 55 '69 C. North Am Ed 5128'63_ Nor'n Pac gen 3s 2047 Nor'n Pac 48°97__ Nor'n Pac 43S 204 Nor'n Pac 58 2047 C Nor'n Pac 55 2047 D__ r'n Pac 6s 2047 - North Sts Pw 4155 '61 North SP 1st 58°41 A North Sts Pwr 58 '64__ Ogden L C 4348 _ Ohio Edison 4s ’65 Ont Pwr Nlag 5843 __ Oreg Sh L 55 '46 gtd . Otis Steel 6s'41_ PacG & E 4564 PacG & E 55’42 Pac RR Mo 2d 5538 Pac T&T r£3%s'66 B Pac T&T 1st 58 '37 Pan Am P C 6s°40 ctfs Paramount Pic 6s " Parmelee 63 '44 Penn Dixie C 6541 PennO& D 43:8'77__ Penn P & L 435581 Penn RR3%s'70C. Penn RR 4563 Penn RR 41,581 D. Penn RR 4% s "84 Penn RR con 413 " Penn RR gn 4148’65 __ Penn RR deb 415870 Penn R gen 55’68 __ Peoria & E 1st 48°'56_. Peoria & E inc 45 '90_ Pere Marq 18t 4s '56._ Pere Marq 4%s 80 Pere Marq 1st 58 '56.. Phila B&W 45’43 1 Phila B&W cn 5s Phila Co 55 "67.__ Phila Elec Co 487 Phila & R C&I 58 '73._. Phila & R C&I 65 "49__ Philippine Ry 4s'37__ PCC&St L 4%s"42B__ Pitts&W Va 4138’59 B Pitts&W Va 4135’60 C Port AC&D6s'53 A Port Ar C&D 6s'53 B_ Port Gen El 4148 '60_ Porto Rico A T 6s ’42 Postal Tel & C 55 "53 ... Pure Oil 438 '50 ww_. Pure Oil 4348'50 xw.__ Purity Bak 55’48 ____. Reading R 4%8'97 A_ Rem-Rand 4%8'56 ww Republic Stl 448750 Republic Stl 43;s 61, Richfield Oil 6s "44_ Richfield O 68’44 ctfs Rutland RR 4%8°41__ St L IM&S R&G 4s '33 StLRM&PG58’55 . StL-SFran4s’50 A_. St L-S F 4s'50 A ctfs_ St L-S Fran 4%s'78__ StL-SF 4%s'78 cf st. St L-S F 55 '50 B ctfs_ StLS W gnrf5s'90 St LS W 1st ter 5s *5. { N7y 104 953 1063 { 1075 < 1095 964 l06'¢ 107 10114 9634 X StPKCSL 4% St P M&M ext 6543 _ St P Un Deprf 5s'72_. San A & A Pass 48’4 Seabd A L 48’50 ctfs_. Seabd A-F1 6535 A ct_ Sharon Stlcv 4%s’51. Shell Un deb 3%s'51.. Silesian Am 7s '41_ Skelly Oil 4s 51 Socony Vac 3% 6% | So Colo Pwr 65 '47 A.. So Pac col 4s°49_ % | So Pac 8 F Ter 45 '60... 925 9236 112+ 112 10034 100} 1001 3y 1234 78% | Texas & Pac 58 71 2 T2 T2 43 13% 8% 1045 104 104 SoRygen 4s'56 A So Ry 58 '94. So Ry gen 68 ‘66.. So Ry 6%s " 893 893 89% _ 108 105% 1063 10515 t:u 98% ll)i mm lom 98 98 10085 10034 10034 109 109 109 1063 10634 106; 101% 101% 101% 1043 108%4 108% 7 69% 10 383 3814 881 106% 10654 10634 9 9 99 107 107 107 114 113% 118% P Swift&Co3%s 60 Tenn Cent 6s "47- Tenn El Pw 6847 A_ Term As St L 4s'53 Texarkana 5%8 '50 Texas Corp cv bs '44 Third Ave ref 4s 60, Third Avad in ex 5: Tol-& Ohlo C3% Truax T C 838’4 ;| Bain in credit sales. 10734 10734 | W 35| Wheel Steel 43566 - D. C., THURSDAY COLLECTIONS RISE IN GREDIT SALES Soldiers’ Bonus and Im- provement in Employment Conditions Factors. Ey the Assoctated Press. ST. LOUIS, July 16.—An average inrease in collections of 9.9 per cent and 13.8 per cent in credit sales for the month of June over the same period last year is shown in figures from 51 citles reporting trends to the National Retail Credit Association. None of the cities recorded decreased either in collectiocns or credit sales, the association’s research division mumenz made public here today stated. Benefitting Factors. 2 Payment of the soldiers’ bonus money and a general improvement in employment conditions were noticeable factors in June business, the monthly analysis said. It stated 13,513 retail stores are represented. Idaho Falls, Idaho, showed the greatest increase, both in collections and credit sales, the report continued. There a 50 per cent imcrease was re- corded in collections and a 75 per cent Fort Lauderdale, Fla., reported con- | tinued employment in all lines and increases of 30 per,cent in col'~ctions and 40 per cent in credit sale Col- lections in Augusta, Me, in~i:ased 125 per cent during June, and at Charleston, 8. C., credit sales picked up 18 per cent. Credit sales in St. Louis were up 8 per cent. Gains in Other Cities. Gains in both departments were re- ported to the association from other States including Illinois, Indiana, Nebraska, Towa, Michigan, Ohio, Wis- consin, Oklahoma, New Hampshire, New York, Peansylvania, West Vir- ginia, Kentucky, Texas, Wyoming, ‘Washington and California. Washington Produce BUTTER—Range of prices sathered from wholesale Gealers (pric nearby shippers based on Philadelph: New York prices)' One-pound print: 35: 1-pound prints. (90 score) score). 38 score). 35: score). MEA’ to_stores t0 -pound prints, carton 82 aCatton (90 Y4-pound _prints | tubs (93 tibs (90 2 score). 216: vesl, 15a17: Jamb. 9: 1 | index number employment in May was light hogs. heavies. 8'2a GaRiz: lambs, | 11 LIVE ~Pigs 912a10: mediums. 10al e roushs. 5ad; calve ) fant: ‘. Prices paid shippers. net fob Wash- ington: by the United States Buruu of Alrlcullurzl Economics EGGS—Market barely steady. Some lots of nearby ungraded efl.s showing heat defects "and bringing on cents for | irrent Feceipts e, Fessiot nennm hites, 530 aa00s s few | llnl‘)’ at lal'z-cent nremlum Govern ment graded and dated white eggs (in- cluding grading and mlrlenn( costs): U. | g_extl;.s.smx 1: U. extras, mediums. st ndlrds 1-:5 8. brown_standa: lar E UIVE “POULTRY- Market = weak | mostly 1 cent lower. Receipts of Spring | chickens heavy. some stock accumulsting. Fowl Colored. ' heavy ~17410. Leshorns 15a16: roosters 10a12. Chickens outh Rocks. broilers and frye roosters ;. Leghorns. 16a colors. 18a19. Turkeys: Hens. 18 a few 1 !Qms, 14a15. a few at 16; No. \ s Fruits and Vegetables. Sales In large lots by original receivers up to 8 a.m. today. CANTALOUPES—No carlot arrivals; 1 broken car on track Truck receipts lib- eral: supplies liberal: demand moderate: | market steady. North Carolina._ some | showing effects 0[ hail marks, Salmon | 4s to_45s: Rideeway sec-‘ : _unlabeled. 150 ~3E1050r pushels | Laurinburg section, | crates 18s to ir condition, 1.00. HONEY BALLS No carlot arrivais, 1 broken car on track. Supplies light: de- s v. alifornia. | . ponys, 45! and | HONEY DEWS-—One California arrived: 2 broken and 3 unbroken cars on track. | Supplies light: demand moderat: market | Caiifornia.” standard crates, 08 Y—No cariot arrivals; 1 broken track. Supplies light: demand Michigan, and 193¢ CELER! car_on moderate; market .‘Yers':y and North Carolina, sacks, 5-dozen, | 0a50. |~ CUCUMBERS—Supplies moderate: de- mand slow: market weak. Maryland. bushel baskets, 50. LETTUCE—Four cars California arrived 5 broken and 5 unbroken cars on track. Supplies moderate; demand _moderate; market steady, California. Iceberg type. 5 dozen. 5.00 4.50: ordinary condition. 4 ONTORE o' carior sirivels: no cars on | track. Truck receipts moderate: supplies | modefate; demand ' moderate; market | te; tern crates | condition, lows, U. 8. No. 1. 1.00. Peach Market. PEACHES—No carlot arrivals: 1 broken car on track. Truck receipts light: sup- plies light; demand good: market steady. North Carolina 'a-bushel baskets Hileys. U. 8. No. minimum. 1.50a1.7: Dushel baskets flueys U. 8. No. 1, 213-inch | 5 4.00; ' Doorer ~ lower. -hu!h!l hl!kels Hileys. U. 8. 1.00: 1%-ing “Ro. 1. medium size. 3.00a3.25 EAS—One car Washington arrived: 1 unbroken cars on trac Sunnlle! Tt Gemana. moderate: ket steady. _Bushel hampers, Telephon Colorado i.75: Washington, 2.00. TATOES—No carlot lrn\ll Supplies light: t slightly stronger for good stave barrels Cobblers. few higher: poorly 5: [Eastern Shore Mary- {‘sacks Cobblers, U. §. No. 2.50. TOMATOES—No__carlot arrivals: no cars_on track. Truck receipts liberal: supplies _liberal: demand moderate: market Maryland and Virginia. lug boxes, green and turning unwrapped. 5x6 and xo : New Jersey. Jersey guart, o 1.00: nearby sections. ushel basksts South _ Caro- 75a1.00. S—Seven .|m nrlved three broken and eight u broken cars on track: supplies modera demand good: market steady Geou“ll and South c-mnm Tom Watsons. 28 pounds ueu(e age S eacl MIXED VEGETABLES—Two c-morm- one wnhlnnon arrived; three unbroken cars on track. LIMA BEANS—No carlot arriv broken car on track: supplies lig! moderate; mlrket xm;% urk sey. _mo: North " Carolina; 1:5081.7 :bnflmon 1.00; South Carolina, 1.7 g 1.50a —eee High. Low. Close. 10314 108 108 11285 112% 112% 114} 114% Un Pac4s'68. Un Pac 1st rf 5s 2008 U SPipe Fdry 31s'46 114% United Drug 5s 53 U S Rubber 55 *47 Univ Pipe&Rad 6s Utah L& T 5844 A, Utah P& L 58 '44_ UtilP& L 58’59 ww__ Util P& L 5%s"47 544 T4l5 T4 Vanadium cvis’4l___ 86 86 86 Va E & P 1st ref 48’65 109 1073 107% Va Ry 1st 3%s 66 A. IN/‘ 10434 10434 Va8 W con 58°58... 93 93 Wabash 434578 nu 2034 2934 ‘Wabash 1st §s '39. ‘Wabash 24 5s *39. ‘Wabash 58°'76 B ‘Wabash §s'80 D. 10655 10634 10634 38 37 38 . 103% 108% 103% . 10434 10414 1043 8 MK UK ‘Walworth 4s ’55 ‘Warner Bros cv ‘Warner-Quin 6s°39.__. ‘Warren Brcv 6s *41 West'n Md 1st 48 'sz 10136 10114 101 10935 1093 1093 35% 35 35%|s: 8 34 85 1073 10756 10736 105% 105 105 105% 10534 105) 107% 108 100 100 Westn Un cl tr saas. Un 5851 West'n Un 6325 '36 White Sew M 6s°40___ W Sp Stlcon 7s '35 ct_ Wilson & Co 4s°55____ 10115 101 Win Sal S B 1st 45’60 ‘Wis Cent 1st gn 4s "49 Wi S&B Ter 48 '36_ 101 18 - 14110 11 | Riggs Bank com—5 at 270. New Jersey. 50-pound sacks Yel- | & ch | Chevy Chase Club 514s. ‘demand mod- | S W he d | columbla (.30) | 10134 10134 | W' 1113 1115 1113 | m 8 18 JULY 16, 1936. Gold Hoards To Be Moved To Fort Knox By the Assoctated Press. The first movement of gold from Eastern seaboard caches to the new impregnable repository at Fort Knox, Ky., will be made next month. ‘While Treasury officials maintained their usual reticence in discussing large movements of tie metal. it was indicated there today that the bullion would be shipped by parcel post, fol- lowing the successful employment of this method in moving San Francisco hoards inland to the mint at Denver. Presumably, it will be taken from the New York assay office, where large stocks are maintained. Local police agencies will be noti- fled of the shipment in advance and urged by Federal authorities to jail all suspiclous-looking characters until all consignments reach Fort Knox. Movement of the gold will be in spe- cial armored trains of six coaches each, consisting of three cars of bullion it- self, two Pullmans and one dining car. The trains will run on a special sched- ule, each carrying between $50,000,000 and $75,000,000. PAY ROLLS MOUNT IN MARYLAND Reach Highest Peak in June | Than Any Month | Since 1930. BY the Associated Press. BALTIMORE, July 16.—Henry Lay | Duer, commissioner of labor and sta- tistics, reports that employment and pay rolls in Maryland manufacturing | Industries last month were higher than \ they had been since 1930. ‘The number of persons employed in June was slightly lower than the num- ber at work in May, but total pay rolls were higher last month thari in May, the report said. Highest Since 1930. ‘Taking the average pay roll from 1929 to 1931 as 100, the May earnings were 94.3, higher than any month since | October, 1930. On the same basis lhe‘ 94.2 and in June was 93.9. higher than at any time since December, 1930. Employment in June was three- tenths per cent lower than in M: while the average decrease between | these two months over the 'ast 13 vears has been 1.3 per cent. Pay roils last month were 1.2 per cent higher, | although the last 13 years have shown a decrease of 1.2 per cent between the | two months. June employment was 6.5 per cent |over June, 1935, and earnings were 18.3 per cent higher. Of the 43 in- dustries covered by the report, 23 re- | ported increases in both workers and pay rolls, while 10 had losses in both | figures. | Other Figures. Retail department stores showed | June employment and pay rolls to be | slightly above the previous month, while employment was 3.3 per cent | below June, 1935. Wholesale trade showed employment and garnings slightly above the May figure, and from 8 to 10 per cent above the June, 1935, figures. Building construction, not including | public works, was a trifie above the May report, and more than 25 per cent | above the figures for June last year. Washmgton Exchange Capital 'n'nctmn 55—81.000 at 9214, ! $500 at 92, $500 at 9214, | AFTER CALL. Capital Traction 5s—$1.000 at 92%, ! $1,000 at 9215. | Capitai Transit Co.—59 at 17, 10 at 1" 50 at 17. BONDS. PUBLIC UTILITY, Amer. Tel. & Tel. 4! Am. Tel. & Tel. Col. Anacostia & Pot City & Suburban 5s__ Georgetown Gas 1st bs. Potomac Elec. Wash. Gas 5s Wa. W Wash 8wy T B3 MISCELLANEOUS. 106 Col. Country Club 5= W. M. Cold Storage 5s. STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. (9)_ Canital Transit Co..__ Steamboat (6) Bot. Elec, Pow_ 67 ptd. | El (5.5 Wash: Ry & Bip1d ). BANK .wD TRUST Amer. Sec. Co. (10) Bank lutufiemrsdfi 11.50). ptd w-smnnon 8) Wash, Loan & Tr. (8) FIRE INSURANCE. en Nltlnnll Unlnn 1607.. TITLE INSURANCE. Real Estate (6) MISCELLANEOUS. | Carpel Corp. (1 flO\ Lanston Monotype . Mergenthaler mno(yn Beomies Drus & com. (1000 Peo le! DHII s nr (fl am 207 S Corp. ek foth com Vi) 507 25 h. ofd. (7)-e. 120 Xt 1202 Eae a5 1036, a—4 per cent extra. —_— FEDERAL LAND BANKS. NEW YORK. July 16 (#.—Noon Federal Land Bank bonds l}/ul Nov.. i '&': FH ks May. S\Il' FESELEEEE U. S. TREASURY POSITION. The wmmn 98 the Treasury July 340,64 Txpenaitures 17: net balance. $2.368,351. for ‘the month, 1 (since _July penditures, %”,48- 837 Esé'ge 8""‘”" eipts for July m uflh (comparable te last year), $18.660.769.04: expen 10675 Fet - balance S1- ms receipts for the ‘IM !86, 1136 1134 1134 | 4284 ’51. Y'ngstn S&T 48°61.... 993 994 99)4 ~ | with 1935 figures. A FINANCIAL. A—17 % ———— MARYLAND CROPS REMAIN STABLE == Survey Indicates Production Prospects Are Same as Last Year. By the Assoctated Press. COLLEGE PARK, Md., July 16— | A survey by the Maryland Crop Re- | porting Service indicated today that production prospects for all Mary- land crops, except sweet potatoes, are | now those of last year. Based on July 1 conditions, the sur- vey showed wheat was up 4 per cent in planted acreage, with barley and soybeans up 11 per cent. Against these increases, however, acreage de- creases were noted as follows: Corn, 4 per cent; oats, 11; rye, 11; potatoes, 15; commercial truck crops, T, truck crops for canning, 9. No acreage change was reported for sweet potatoes, hay and tobacco. Wheat Acreage Compares. The report estimated Winter wheat acreage for harvesting at 445,000, | compared with 428,000 acres last year. | and the five-year (1928-32) average of | 460,000. Conditions July 1 indicated a prob- able yield of 17.5 bushels of wheat per acre. Last year, the yleld was 20.5 bushels. Because of decreased acreage and a slightly below-average condition, the report estimated a corn crop 15 per cent below last year's production, but 3 per cent ahove the five-year aver- | age. | A crop of 27 per cent in oats pro- _duction and 26 per cent in barley was predicted by the service, as compared | ery short” take hay crop was likewise anticipated. | Potato production will be 20 per cent under last year's mark. the sur- | vey stated, and 25 per cent below the five-year average. Sweet Potato Prospects. | Sweet potato prospects on July 1 were slightly better than on the same date in 1935, but somewhat below the \ 10-year average (1923-32). An apple | crop 34 per cent below last year’s, and | a peach crop 11 per cent below, were predicted. Although tobacco acreage is about the same, the service said, July 1 con- | ditions indicated the crop will run about 19 per cent short of the 1935 production mark and 11 per cent un- | der the five-year average. - —— PHILADELPHIA PRODUCE. PHILADELPHIA. July 16 (P — try: Fowls. Plymouth Rock. far mixed colors. 18al19: grdinary “Bl 5 ,""” faney. outh Rhode ~Island Red roosters ‘Rhode Tsiand Red Sprive sed poultrs—Chickens. 25 e old roosters. dry Dicked Western 3 Investments 5 1/2 % First Mortgage, Real Estate Notes .cured by new dwellings in N. W. section of Washington. Bradley, Beall & Howard, Inc. Zstadlished Nearly do Years NA Southern Blde. Money for Con‘:’hndion Loans an Loans on Improved Properties 512% FIRST DEED OF TRUST ONLY GEORGEL BORGER Successor to the By JAMES F 8 643 Indiana Ave. N.W. DIRECTORY com MODITY BROKERS TTON semver NPT RNon & Laidlaw & Co. ot e 00 GRAIN Mempers Chicago Board of Laidlaw & Co. 2255 Westheimer & Co. NA' 5300 LI "~ Your Home With'a F. H. A. Mortgage Loan " Loans wp to 80% of actual valuation. Frederick W. Berens MeLachlen Bds. Phone National 8280 Mortgage Lean Correspondent Security Muteal Life Insurance Co Massachusetts ‘Companies Protective Jot an avetage of T8yeats. Our_bulletin _describing these stocks will be sent without obligation on reauest. ERT C. JONE (omplete Investment Service SHOREHAM BLDG. MET.2922 !IEW YORK PRODUCE. YORK, July 16 5«; flvmer Crenmyeryem Diadan ext at o) firs: 5372050 centratized 46.414: firm. unchanged. 05, weak. Mixed colors: Bpe. clal pl:lu r_ selections from fresh re- 2450273, stan ceipts, Fl RST TRUST LOANS Long-tenn REFINANCING . Lowest Rates . . . 3-Year Con- struction Loans . . . 0, 1/0, 3% 3%% BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K 8t NW NA. 9300. A TIME-TESTED INVESTMENT 7% Paid Since 1931 Payable Quarterly A Local Banking Corp. Under Experienced Management Full Information Upom Request SMITH HENDERSON CO. Woodward Blde NA. 1522 NEED IT FOR HOME and SMALL BUSINESS PROPERTY LOANS Applications Invited 1505 M 8t N.W.—Nat. 2345, UNLISTED SECURITIES Of Every Market Bought Sold Quoted PENNEBAKER- GRAPE & Ca * INVESTMENT BANKERS ° Tenth Floor, Southern Building m NAtional 2311 ~ Insull Debentures Also All General Market Securities Bought—Sold Quoted of investment list_of Call. For any consult “our attractive splendid _opportunities. write or phone. HERTZ & CO., Inc. 735 Southern Bldg. Telephone MEtro. 1225-6-7 type MONEY for BUILDING and REFINANCING in the District of Columbia, nearby Maryland or Viuiliu. erms as $1.50 per SI 000 PRUDENTIAL BUILDING ASSOCIATION 1331 G St. N.w. Room 305 Dist. 6270 MONEY!! for Mortgage Refinancing UR modern, convenient plan assures you a low interest rate—a more con- venient method of meeting payments on principal —a longer period in which to fin- ish paying off the loan.If your mortgage is due to mature soon, come in and talk it over —no red tape or obligation. WEAVER BROS in¢ REALTORS Mortgage Loan Correrpomdant Matropslican Lifs Insurance Company WASHINGTON BUILDING DISTRICT 9486 AUCHINCLOSS, PARKER & REDPATH 719 Fifteenth Street, Washington Metropolitan 3116 Our facilities for exccuting orders in Security and Commodity Markets include Direct Private Wires to each of our offices in New York Washington Baltimore Philadelphia Wilkes-Barre Members New York drock ExcManc WASMINGTON SToCK EXCHANGE N. Y. Curs Excuaxce (Assoc) Cuicaco Boazp or Trans Cwicaco MercantiLz Excmanes Coumonity Excuance. Ine.