Evening Star Newspaper, July 17, 1936, Page 13

F DEMAND IS GOOD FOR TREASURIES Selling of U. S. Governments, However, Continues in Bond Market. Bond Averages ll. u:flul Uul ro:!n Net change. Unc +.1 Unc. —.6 Today, noon 93.2103.6102.6 68.9 Prev. day_.. 93210351026 69.5 Month ago. 92.5102.7102.0 698 Year ago... 81.4 983 96.7 69.1 1936 high_.. 94.3104.1102.9 72.0 1936 low. 86.9101.8 993 67.6 1935 high... 87.8102.2 99.8 70.4 1935 10W.... 764 92.2 845 655 1932 loW.... 458 40.0 646 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ....1116 Prev. day. 1119 Month ago111.9 Year ago- 110.4 1936 high. 112.3 1936 low.. 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1932 low.. 86.8 (Compiled by the Assoclated Press.) BY the Associated Press. NEW YORK, July 17.—Although selling of United States Government issues continued in the bond market today, some treasuries met with good demand. In the final hour losses in the more active obligations ran to around 4/32ds, while the 23,s of 1954 were up a little on good volume. The 23s of 1951, the most heavily traded, were unchanged near the finish. Poland 6s were off 4 points or so under uncertainties in banking circles over the meaning of the recent guar- * antee of independence to Austria by Germany. Other foreigns were mixed. ‘The certificates of Wickwire Spencer Steel were in demand, the convertible 7s gaining about a point and the first s running up more than 4. Rails and industrials were irregular with moderate gains and losses about even. NEW YORK COTTON Ly ne Associated Press. NEW YORK, July 17.—Cotton fu- tures opened barely steady, 4 to 7 points decline on generally favorable weather, liquidation and hedge selling. July, 13.25; October, 12.40; Decem- ber, 12.36; January, 12.32; March, 12.32; May, 1231 Overnight selling orders were fair- 1y well taken at opening prices and the marke. stiffened on trade buying and covering. Liquidation continued, however. There was some foreign selling here. The market by the end of the first half hour showed net losses of 7 to 10 points on active positions. Oc- tober eased off to 10.39, but met a little more support at that figure and held fairly steady around 10:30 a.m. There were reports of good rain in the Piedmont section of the Carolinas. Early selling here was believed to in- clude some hedging, presumably against 12-cent loans from spot hold- ings of the producers’ pool. Liver- pool cables reported a small market, with scattered selling absorbed by trade calling and scale-down buying. Except for trade buying on a scale- down, very little support seemed to be developing later in the morning and prices gradually gave way under liquidation, combined with some local and New Orleans selling. At midday October was trading around 12.35 and March, 12.24. The general list showed net declines of 10 to 13 points. Liverpool Quoetations. LIVERPOOL, July 17 16.000 bales. including business done: ood mid- f oriddling. 1in 7. strict low middling. e 6 .R7: strict g0o! o A.37. Futures closed qui July. 7.0 tober. 8.64: December. 6.5 January, 650 March. 8.40; May, 6.47. REICHSBANK STATEMENT. BERLIN, July 17 (#).—The Reichs- bank statement as of July 16 «in thousands of reichsmarks): Notes in circulation, 4,129.000; de- crease, 83 Gold, 72,037: increase, 102 Foreign currency reserve, 5,092; crease, 169 Other bills of exchange and checks, | 4 367.487; decrease, 73,303 Other dailly maturing obligations, | 804,735 increase, 41.167. Advances, 42.044: increase. 4.245. Investments, 219.802; increase, 76. in- Ratio of gold and foreign currencies | to notes, 1.7 per cent. CHICAGO LIVE STOCK. CHICAGO. Jul{ 17 (#).—Hog and cattle receipts were slightly in excess of ad- vance estimates today. but the markets Tield a steady tone. As a result of the slow consumer demand. packers were un- derstood to be storing meat rather heavily. thus keeping the market active and main- taining prices for the time being Hogs moved at steady prices. the top holdinz at 10, Beef steers were fully PoRd5” at' the week's late advance. sheep run was well below advance esti mates and the market strengthened. hav- ing reached a level at which live stock men said the lamb price structure was in line with other branches of the market. Fat led_strong to 5 cents higher. top i . Wholesale ~meat prices showed little ghange. although better grades of light Joins sole cents to instances 1.00 higher. teer carcasses were unchanged. selling ai 508 The cornchos price xatio 1s considered enuu h to lhu reaching 975 for natives. This s indicated by average weight of slaug hur oot somardoy ed to 284 pounds. heaviest of the The olume of marketings of both cate t1e And Rogs in the seven maor siaushrer: ing centers of the corn belt has declined this week. d!s?lte tht fact that heat and Trade reports indicated the Government is prepared to supoort the cattle market. should receibts, because of drought, make this necessary. PHILADELPHIA PRODUCE. PHILADELPHIA. July 17 (. —Dressed P'owl‘ fresh kllled Western, in Vaa® top xndos 23a38%: 92 34 333 00, 89, 331 MONEY RATES. NEW YORK. July 17 (#.—Call money steady; 1 per cent sll day: prim comc or- cm 5 t: time loans steady; 60 a: T cent: bankers aceeptances unc Tediscount _rate, New York Ruerve Bnnk 1% per cent. comnmz REPORT. NEW YORK. July 17 (P).—The American Colortype Co. reported to- day sales for the second quarter amounted to $1,872,503, compared with $1,535,617 in the same 1935 pe- riod. In the first six months sales totaled $4,084,509, against $3,504,235 & year ago. NEW AIRCRAFT OFFICER. NEW YORK, July 17 (#)—~Col. Vir- ginius E. Clark, former Army pilot and ‘a leading aeronautical engineer, been named a director and vice presi- dent of the Pairchild Aviation Corp., Kew York. INANCIAL. By private wire direct to The Star, Approximate M Today. U S Gov’t Bonds. 5030 000 Foreign Bonds 870000 | Domestic Bond: 9 640 000 TREASURY, High. Low. Olose. 103 15 103 10 108 10 101 25 10120 10121 100 28 100 23 100 26 10131 10128 10181 10428 10423 10428 10411 1048 1048 105 27 106 24 105 24 105 24 105 24 105 24 10821 10820 10820 10713 10712 10713 1083 1083 1083 108 20 108 20 108 20 1082 1082 u7 7 11231 113 t’Aldkll!Ml -45 107123 10733 148 1947-52 1722 11728 FEDERAL FARM MORTGAGE. 381949 . 10228 10228 10228 3181964 . 10827 10828 108 27 HOME OWNERS' LOAN. 21,8 1942-44 1012 100 1012 2% 81939-49, 1018 101 1012 3871952 10215 10212 10216 FOREIGN BONDS. High. Low. Close, BBY5 563§ 563 19% 19% 19% 96} 9614 9635 8y 8 8% 83 8% 8K 100% 100!, 100§ 100% 100% 100%% 100% 100345 10034 1007 10034 mm 101 100%; 1 100% 10034 10035 1005 10034 1003 100% 100% 100% 101% 101} 101% ~ 106% 106% 106% 9635 96% 106%% 106% 1056% 11635 116) 116% - 108t 1084 1044 2434 2435 2434 26% 27% 26% 27 2614 264 32% 32% 1940-43 June 1941-43 Mar. Abitibl Pa&Pw 58 '63. Agr Mg Bk Col 6s ’48 April coupon on. Alpine Mont S 78’55 Antioquia 2d 78’57 new Antioquia 3d 78 '57 | Argentine 6% '62 Argentine 68757 A._. ‘Argentine 63’58 B_ Argentine 65’59 Oc Argentine 65 '60 May_ Argentine 65 ‘60 Sept \rgemlna 65’60 Oct. | Argentine 6s '61 Febr Australia 4 Australia 58 '55. Austrian 78°57_. Belgium 6s 55 Belgium 7s ‘55... Belgium 7s'56 Berlin Elec 6% s s '26-"57 8°27-'57 Brazil 78’52 Brazil 8s "41_ = Breda Ernesto 78'64_. 70 70 10 | Brisbane 5s '67- 2101 101 101 | Brisbane 6s ’50 - 1041 1043 1041 Buenos A C 35 '84. 43 8 s Buenos Aires 4%s-4%s'76 April_ 66 | Buenos A 4%:8'76 Aug 66 Buenos Aires - 6B}y 6bly 6blg 10135 101 101 4%8-3%s8'T7 Pv. 10934 10935 10935 Canada 33561 | Canada 4560 1145 1145 1145 14% Canada 58’52 Chile 68 '60_ Chile 65’61 14% Chile 65’61 Febr.. 142 | 4% 18} “hile 63’61 Sept Chile Mtg Bk 6561 ___ Chile Mtg Bk 6%8 57 Chilean Mun L 75’60 | Colombia 65’61 Jan. | Colombia 65’61 Oct Copenhagen 6 ’5: “osta Rica 78 A '51 | Cuba 58°14-"49 Czechoslovakia 8s'51.. Denmark 41562 Denmark 5128 '55 Denmark 63 42 | Frankfort 615853 ___. ¥rench Gv 78’49 un st French Gov T%8’41__ Ger C Bk A 6538 Ger C Bk A 6560 July Ger C Bk 6560 0ct___ Ger C Bk A 7850 _ Ger Gen Elec 65 48 Ger Govs% Ger Gov 5% Ger Prv & City Bk con Ag 6155’58 Ger Rep 78’49 stpd Greek Gov 6368 pt pd Haitl 68 52. Helsingfors 64 Italy 7851 1tal P U Crd 7s 62 _. Japan 53;s 65 Japan 6338’54 Kren&Toll 559 A etfs Lombard Elec 78’52 9y 101% 106 208, 176 164 34 9935 994 1013 10175 106 106 203 203 176 176 164 164 3354 34 29% 29% 29 29 35 35 34§ 3434 250, 203 24 24% a1 328§ 25% 4% kY Az 37 az; 26l 261 26% 981 9835 98! ~ 1081 105} 108} 86., 85)5 36 3 1B M 3 B Buy 99); 98% 994 39)5 39l 9% n 7 n . . . %% BE by 65 6% 6l 6 6 6y Y T4 TeN 104 103% 104 103 103 103 96% 9635 963 10135 10135 10134 102 102 102 106% 10635 106% % 8% oY 8035 80 804 963 963 96% - 101% 10135 1013 100% 100% 1004 63% 63% 63% 15 1134 50% 43% 2115 Mex 4810’45 asst am Mex 48’54 anst Mex Ire 4338 '43 ass mnun 632852 Norway 43865 Norway 4%s ‘56 Oriental Dev 5335’68 Oriental Oslo 47 Oslo 65’55 0810 G & E 55 63 Panama 63 '63 stp Peru 6s '60 Peru 65’61 Poland 6s " Poland 8s '50_ Prussia 6552 Rhine W E1 P 63’53 Riode Jan 6328 '53 Aug coupon off Rio de Jan 85746 | Aprilcouponof ___ | Rome 635552 | Rotterdam 6s 64 i Sao Paulo (" 8553 coupon off Sao Paulo St 6s ’68 July eoupon off Sao Paulo St 7s'40_ Sao Paulo St 7s '3 Sept coupon off Sao Paulo St 8s ’50 July coupon off Serbs 88’62 unmc o __ Shin’su E1 P 6%s 5 Siemens & H 6338 Siemens & H 78 "3 Sydney 5138755 ___ Taiwan Elec 5%s "71_. Tokio 533861 _ Tokio E L Ltd 6 gawa E P 78’4 Un Stl Wk 6%8 51 A_ Uruguay 6560 uguay 6s’64_ Uruguay 8s '46._ Warsaw 7s 58 . Yokohama 68 "61_. 14 DOMESTIC BONDS. Adams Express 45’47 1005 10034 100§ Adams Express 48 "48. 10034 10034 1003§ Ala Grt So 58 "43 —. 51 I AlbPer WP6s'48ww. 70 170 10 Alleg Corp b5 *44_ Alleg Corp 55°49_ Alleg Corp 58 ’50._. Alleg Corp 58 50 stp._. % 6235 Alleg Valley 4842 __. 110§ 110} 11034 Allled Stores 438’50 101 100} 100% Allis Chalmers 45°45_ 136 133 133 Am & For Pw 68°2030. 7% 174 7% Am Ice cv 58’53 KL ) Am 1GChb%s 1125 112% Am Intl 5345 49 10534 10534 10834 Am Roll Mill 435 "49_ 113} 113¢ 113}§ AmT&T4%s"39 __ 112% 112 112 Am T & Tecltrbs’46_. 108% 108% 1085 Am T & T deb 55’'60_.. 113)5 1133 113} Am T & T deb 65 ' 113 1128 112% AmT&T6%s'3 114 1133 118% Am T F 2%s-68 '38-'60 111} 111 111 Am Wat Wks 63 °75__. 110 1093{ 1093 Am Writ Paper 65 °47_ 36)§ 3614 36)§ Anaconda deb 43;5°650 106 106 106 Anglo Ch Nit ‘Il'liet 30 30 30 10234 10234 lfll“ 18% 9% {795 11134 11134 11135 1B a8 1 8634 178 28 243 82y 53!¢ 17 36% £ 2434 2% 5314 10245 1043 1045 7 18 g 11y 8% 84 96 9 28%% 28% 553 boY4 Bb%4 B5Y4 574 Bl 7 37 81y 81y m{ 10834 1053 1053 1073 1075 107%¢ 109) 1093 1093 111 111 111 11434 114 114 m 1 I 2. 1126 1126 11296 u3 1z s 11134 1113 11134 9 9T 9 A T&S Fe 48°05-'55. A T&S Fe adj 4598 AT&S Fegen 45°95__ AT&SFedts’ AT&SFeCA4%hs A T&S F TCSL 4s'58. Atla&Ch A L 58744 Atl Coast L 1sf Atl Coast L clt Auburn Auto 4%s 39_ B&O1st4s ’ll.._.._. ’60. 8% T n2% 12 12 89} 88% 885 ¢| Chi R 1&P 43;8'60 THE EVENING BONDS ON N. Y. STOCK EXCHANGE 1 Bang & Aroos cv BellTofPabs’48 B Beth Stl 4% s *60 sf Bos & Me 4%8'61J. Bos & Me 5856 Bos & Me 55 '67 Boston NY A L 4s"56. Bot Con M 633834 . Bklyn Cy RR 68 "41 Bklyn Man T 438’ Bklvn Un E1 65850 .. EBklyn Un Gas 58 '50._. Bush Term Bldg bs 60 Camag 78’42 ctfs Canada Sou 58’62 A . C Can’dian NR 4% Can’dlan N R 4% s '56_ Can'dian N 55’69 July. Can’dian N R 58’69 Oct Can’dian N db 6338'46. Can’dian P db 4s perp. Can'dian Pac 68’54 CaroCl& O 65’52 A _ Cent of Ga con 55 '45._. Cent of Ga 55’59 C Centof Garf5%s’59. CentIIE&G6s'51__ Centof N J 45787 Centof N J gen 65 '87. Cent Pac 18t rf 45 "49_ Cent Pac 1st 4349 1§ Cent Pac 5860 Cent RR B Ga 58'37__ Cert’ddeb5%s 48 . Champ P& F 4% 55/ Cherap Ccv bs ‘¢ C& Ocon 55’39 96% | Chi & Alt ref 3s ChiB & Q gen 4s°58 ChiB&Q4%s8'T7 ChiB&Qref58'71_ . CB&QIdivrgilzs'4d Chi& E Il 63 '51_ Chi & E1ll 6551 ctfs. Chi & E 11l con 65’34 _. Chi & Erie 1st 55 '82_ Chi Grt West 48’59 Chi Ind & L gen 6s '66_ CM&StP gn 3345’89 B. CM&SHP 45 '89 CM&StP gn 4338 "89C CM&StP 65 °75 - CM&StP&P adj 552000 Chi & NW gen 4s'87__ Chi & NW 41352037 Chi & NW 41352037C. Chi& NW 4% 849 CENW Nr'W 6%s 36 Chi R I&P rf 45’34 Chi R I&P rf 48’34 ct.f Chi R I&P gen Chi RI&P 4138 Chi T H&S 15t 5560 __ Chi T H&S inc 58 '60__ ChiUnSta3%s’'63 E Chi Union Sta 58 "44 35| Chi & W 1 con 45752 Chi'ds & Co bs "43 Chile Cop deb 58 "47_. Cin Gas E145°68 A Cin Union Term 58 *67 CCC&StLrf4%s'1TE CCC&St Liref 5563 D CCC&StY, StLdv 4a'90 Clev Cliffs It 435 °50_ Clev Un Tel 4%s8'77. Clev Un Term 53’73 B Clev Un Ter 53,572 A Colo Fuel & Iron 55 43 Colo Ind cl tr 68’34 Colo & So 4% 5’80 Columbia G & E del 5852 April Columbia G & E bs 52 May Columbia GAT 53 Comel Inv Tr 5338 °49. Cons Coal Del 55 '60 34| Cons EANY 3%s'46n Cons EA NY 3%s'56 n CannNyus-'n Cons Power 31:8 Container deb bs '4: CrownC &8 4s Cuba RR 1st 55 ’5. Cuba RR 65’36 Cuba RRref 7135 °36_. Cuba Northn 533842 Dayton P&L 313860 _. Del & Hud ref 45 43 _ Del & Hud 5%5'37. Del P& L 4%8°'71 Den & R G con 4836 Den & RGW 5855 asst Den& R Gref 58'78__ Detroit Edis 45°65 F Det Edison 4345’61 D. Detroit Edison 55 ’62_ Dul 8S & At 5837 Duquesne Lt 33856 E Cuba S 7%3 37 ctfs Eriecv4s’53 A__ Eri v4s’53 B Eriecv 4s'96 _ Erie gen 4596 _, Erieref 55 '67_. Erie ref 58 '75_ Fed It & Trac 684> FlaECRy 6s’T4ctfs_ Fran Sug 7%s 42 Gen Am In% 55752 | GenStIC5% Gen Thea Eq 68 "40 Goodrich 65 "45_ Goodyear T&R 58’57 Gould Coup 6s'40 Gr Tr’k of Can 63’3 Great N Ry 45’46 G Great N Ry 48’46 H. Grt NRref 438’61 A GrtN Rgen 42576 D |GrtNRgen4% 17 B_ 174 | Gt N R gen 5873 C Gulf M & N 5850 Gulf Sta St15%s '42 Hock Val 415599 Hoe (R) & Co 6%5 34, Houston Oil 5% "40. Hudson Coal bs ’52__ Hud & Man inc . Hud & Man ref 65 '57_. 111 Bell Tel 3% 111 Cent 18t 3 111 Cent col tr 4 11 Cent col tr 111 Cent ref 4s ‘65 Il Cent 4% '66 J11 Cent ref 53 '5. Il Cent Omaha 3851 Tl Cent W L 1st 4s°51. JICC&StL N O 4%5'63_ MCStL&NOBs’51. ICC&StL N O bs '63 Ind 111 & lowa 48’50 Inland 8t13%s'61__ IntRT 1strf 58’66 IR T 1strf5s 66 cti Int Agrclbs 42 stp__. Int Cement 4: Int Grt Nradj 68’62 A. Int Hydro El 6844 _ Int Mer Marine 6s°41_ Int Pap 1st 55’47 A _. Int Papref 6s 55 Int Ry of C A 65 "41_. Int T&T ev 4%5 39 Int T&T 4%s 52 Int T&T b3 '55 James F & C4s'39 Kan C F S&M 4536 Kan CFS&M rf ¢s'36ct KanCP&L 4% KanC So 15t 3s'50___. KanCSorfinb5s’60__ Leh Valley Har b5 ‘5¢.. LVNY 4440 gtd__. Leh V P con ¢5 2003 3 | Leh V P con ¢1%s 2003. 0k mx m;. 10434 106 10434 96} 9635 9634 11134 11134 11134 1203¢ 1209 1208 1084 10434 10035 ) 72 1114 M4 1% 66 11 23 23 01 1014 1185 1135 113% 120% 106 106% 108% 10835 58 o8 6 60 146 143§ 115 115 11546 1163 116% 118% 13% 118% 11814 11834 18 1ns 1198 119% 12834 1283 97 97 105% 1053 10435 1043 11534 11634 1081 108% 11134 11134 24§ 25 12% 12% n% uy 103% 1087 84 a4 913 91% 10974 110 108 108 101% 101% 85 85 913 92% 10534 10634 1353 135% 18434 15434 128 125 11034 11034 11054 11034 B13§ b1l 13 113 1114 11134 11634 116§ 1073 10735 19 19 LT 96 98 1204 20 474 107% 20 2634 2635 105% 7% 815 3134 104 835 82 10235 51% 4614 113 11l 111 3635 865 36! 93 92% 93 1083 10834 108% 105 105 105 10234 10234 1024 " " " 168 168 106345 10834 10634 10036 100 10034 T3 T3 73] 296 126 T2 101 101 101 1085 10334 10835 29 28% 29 108 1013 1015 12084 | N, a7 ¥| Ogden I C 4s 48 % | San A & A Pa: STAR, La & Ark 5569 WASHINGTON, -~ 10814 1085 10814 . 1073 1074 107% | 8| L&NS&N Ala b McKees & R 5348 50 Manati Sug 74842 Man S 18t 7% 8’42 ctfs Manhat Ry 4590 __ Manhat Ry 45’90 ctfs. Market St Ry 78’40 A Mich Cent 3% s '62 Mich Cent 4148 '79 MIlER &8 L 5561 MIER&SLrf6s'71. Mil Spa & N W 45 °47__ Mil & Nor con 43;# "39. MStP&SSM cn 4838 . MStP&SSM bs '38 gtd. MStP&SSM rf 65 46 A MoK & T 18t 45°90___ MoK&T4s'62 B MOK&T4%s'T8 MoK &T5s A Mo K & T adj bs 67 Mo Pac 3d ext 48'38__. Mo Pac4s’75. _ Mo Pac 5865 A Mo Pac 63’65 A ctfs Mo Pac 6577 F' Mo Pac 55 '77 F etfs Mo Pac 58’78 G Mo Pac 55’78 G ctfs__ Mo Pacific 55 80 H Mo Pac 65’811 - Mo Pac 58’81 Ictfs Mo Pacific 535849 A~ Mob & Ohio 43577 Mob & Ohio 5538 Mob& O M div 58’4 Mohawk & M 48791 _ Monong Ry 1st 45 '60_ Mont Cent 6s 37 Mont Pwr ref 55’43 Mont Tram bs "5 Morris & Co 414, at Dairy 3% s '51 ww NatDis P C4%s 45 __ Nat R M 4138 °26 asst_ NatRM 43557 asst. wark C Gas 58 '43__ w E T&T 415861 New OrlPS 6 '62 A wOrlPS5s'55 B _ w Orl Ter 1st 45’53 New Or T&M 4128 '56 New Orl T&M b: B. New Or T&M bs '56 C . New Orl T&M 6% 54 N Y Cent3s"97. N Y Central 3%s 46 NYCentds’4 N Y Cent con NYCentrf4ls :'Jl' NYCrf43;s2013n__ N Y Centrf N Y Chi& StL 6s’38_. N Y Dock 1st 48 °51_ NY&E Ist ext 43 '47_ NYGEIH&P 68’48 __ NY NH & H 335 '56_ NYNH & H 423867 _ NYNH&Hcv6s'48_. NY O&W gen 48 '55___ NY O&W ref 45’92 NY Queens con 33;8'65 NY Rysinc 65’65 ___ NY & Rich G 6s°51 NY S&W 1strf5s'37_ NY S&W gen 5840 NY Tel gen 4% '39 { | Norf So 1st ref 5561 _ orf S 1at r{5s'61 cfs_ Norf & W 1st 45 ‘96 North Am Co 58 '61_ _ orth Am Ed 58 '69 C_ orth Am Ed 5138’63 or'n Pac gen 35 2047. Nor'n Pac 45’97 or'n Pac 41;8 2047 Nor'n Pac 58 2047 C. Nor’n Pac 55 2047 D Nor’n Pac 68 2047 North Sts Pw 4128 61 NorthSP1st55'41 A. Ohio Edison 4s '65 Oreg Sh Line 58 '46 Oreg Sh I 55 '46 gtd Oreg W RR & N 4561 Otis Steel 6541 Pac Coast 55 '46 PacG & E 4564 PacG & E 55’42 Pac RR Mo 15t 4338 . Pac T&T 1st 5837 Pan Am P C 63740 ctis Par-B'way 52851 Paramount Pic 65 55 _ Park-Lx 6345’53 ctfs_ Parmelee 6544 Penn Dixie C 6541 PennP &L Penn RR 3% Penn RR 4563 Penn RR 4% Penn RR gn 4% Penn RR deb ¢33 Penn RR gen 55 '6! Peoria &E inc 45 50 __ Pere Marq 1st 45 'SB Pere Marq 478’50 Pere Marq 1st b= Phila B&W 4543 Phila B&W 43881 Phila B&W cn b Phila Co 58’67 Phila Elec Co 4, Phila Elec Co Phila & R C&1 Phila & R C&1 68 "4 Philippine Ry 4= '37 _ | POC&ST 1L 47,8 " PCC&ST 1. 4138 Pitts& W Va 4138 '58 Pitts&W Va 4155’60 C Port AC&D 6’53 A Port Gen El 433 /60 _ Porto Rico A T 6842 _ Postal Tel & C 5553 __ Pressed Stl C5s33 _ Pure Oil 435 50 ww_. Pure Oil 4 5‘! 50 xw_ Purity Bak 5s'48__ Reading R 41;8 97T A . Rem-Rand 43,356 ww Republic Stl 4148 '50_. Republic Stl 4345 '61 Republic St1 5% s ’54 Revere Cop 418 '56. Richfield Oil 65 "44_ | Richfield O 65 "44 ctf; Rich Term Ry 5= 5 RGWlstexin4 Rio G W col 4s ’49A RIA&L 1st4%s 30 Rutland Can 4549 __. Rutland RR 4138 '41__ BtJo&GIR 48747 St L IM&S R&G 45 "33 StLP&NW5s48_ StLRM&P 65’55 St I-S Fran 45’50 A _ St L-8 F 4550 A ctfs. St L-S Fran 41%4s°78 StL-SF4%s’78ct st. StL-SFran 58’50 B . St L-S F 55’50 B ctfs. StLSW st 4s’'89_ StT.S W 2d 45’89 StLSWgnrfbs’s0 . St LS W 1st ter 55’52 StPCtRC 58’37 gtd_ StPKCSL4%s"1 St P M&M P ext 4540 StP M&M ext 55”43 __ StP Un Deprfbs 72_. 48743 Schulco 638’46 A stp. Seabd A L adj 5843 Seabd A L 65’45 A. Seabd A L 6845 ct. Sharon Stlev 434s°51. Shell Undeb3%s°51._. Skelly Oil 48 ’51_ Socony Vac 338’50 South Bell T&T bs '41. 34 | So Pac Coast 45 °37 So Paccol 45°49_. 8o Pac ref 4s°55.._. 1 | So Ry gen 48°56 98% | So Ry 5394 So Ry gen 65 '56... So Ry 6%3875 SoRyMé&Ods a8 So Ry St D div 4s ’51. S W Bell Tel 338764 Staley AE 48°46 _ Stand OII N J 3i Studebaker cv. Swift & Co3%s"50_ . 3 124 10834 10834 1034 109§ 10935 1093 | 0 90 90 124 124 10334 10334 10834 @B 3 43 a3 2 @ 1 583 B8% 56%4 B5% 5% 1013 10135 1018 1073 10734 10734 1053 10534 10635 . 104% 10435 104% 104% 1047 104% 2344 3% am 19% 9174 109% 1098 10434 10434 1073 1073 86 a5 106 10474 938 93% 88 894 97 97 10834 105 1043 104% o e 3% 3% 1068 10635 121% 121% 1224 122 100 100 991 99 23 22 a8l 37% 4035 39% 3934 3944 a1 4034 101% 1005 9815 98 1064 106'% 98 97 8915 89 8934, 89 965 965 1134 113 9615 95 91y 9035 10235 10213 98} 984 605 60 1023 102 106 106 1147 1147 125 126 26 26 29 284 285 28 3514 35 39'; 39 10675 106%4 1% 109% 10434 11054 11085 1% 81% 1334 13% 1024 10235 155 153 15 14 11834 11815 106 105 10805 108%5 106 105 8035 805 10934 10825 10044 1005 10635 10515 1067 106§ 1155 1105 1063 106% 104} 104 26 2434 105% 10633 11973 11975 121 321 10735 106% 102% 102%4 614 61y 10934 109 102 102 1018 1013 101% 10175 101% | prin 10114 104 108% 1088, 11214 112 10835 10315 11934 1191 12 12 97 96l < 100 10434 1111, iy 123 10514 105 { 1062, 39% 17 3134 MY 108 90 90 90 8gig 10134 10134 2% MW 765 Tbls 3015 3034 [T S8 7y - 104% 10435 96 9514 108% 1083 1073 107 11134 110 9615 9614 107 106% 1033 10334 405 40 383 3syg 108 103 804 80 1068 | 1714 321 111y, 108 %0 90 1014 72 76 3014 94 118 10435 963 1068¢ 1073 11 964 107 10334 40y 383 103 8044 { fryer | standard et CHES- | on | demand | hampers—8outh Carolina | track | cording 1o srade and size. MON: | Marviand | erates. 4.0084.50 per crate 207 10434 10434 12034 12034 100 100 27y 27 4 4y 10734 10734 10034 10034 93% 9315 106% 10534 % 914 1% 94 9% 1% 9135 91K M4 9T 9T4 113% 118% 118% 725 71 12% 10434 104 o1 8935 91 Sl 93 i mE T Y 883 885 883 10734 10734 1073 10815 1083 108} 9875 98l 9874 9636 9535 § 1053 10634 9134 | West'n Pac 55’46 A___ 1043 | Wh 69 Stocks Hit New Highs for Present Year | SBpecial Dispaicn to The Star. NEW YORK, July 17.—On Wed- nesday, which so far is the peak-of the week as measured by stock mar- ket averages, 60 separate stocks made new high records for the year, and only 6 made new lows. According to those who keep the scores, that is just about the best showing that has been made in the matter of new peaks since early in April. 1t may be surprising to some peo- ple to learn that it is nothing un- usual for a number of stocks to make new low levels, even in a rampant bull market. Owing to conditions peculiar to themselves or their industries, such stocks are said to be “in a little bear market of their own.” (Copyright. 1436 ) shington Produce BUTTER Range of brices to siores sathered from wholesale dealers (prices to nearby shippers based on Philadeiphia and New York prices): One-pound orints. ton (92 score). 35; 1-pound ‘prints, ton (02 score). 35: 1-pound prints. 180 score). 3 und prints, earton (92 rion’ (80 d_prints. ‘e 3 e score) an LIVE 8 Bigs 00915 912210° mediums. 10a10%: heavies Kian 9157 roughs. Sa8: calves 6adts: lambs. o EGGS—Quality of current receipts very poor due to heat conditions and prices '- cent lower. Current receipts. 2132; nery whites. 32720%3%:: a few fancy at a 113 cent pre ‘nment graded dnfed wnite eves (ncluding marketing costs): U. 8. extra: 8, extras ‘mediumg’ 27; U, nds: Tiet parely sieady Fowl: Colored. heavy, 17a19; Leghorns. 15a16, roosters, 10812 Chickens: Plymouth Rocks. brofiers and 20a21: roosters ; Leghorns. 16a17; mixed colors. 18a19. Hens. 18. & (!I at 16; No. 25, 12, n ts and Vegetables. Sales in large lots by original receivers 1ight hogs. at unchanged prices 1008125, Laurinburg 25 holdovers, stock' Supslies lent, demand ket weak. A almon my TONEYBALLS — No_carlot arriv broken car on track. Supplies light: de- market steads. Caiffor- 458, 2.75; jumbos. 458, 545. 2 01 rived: 3_broken a track. !unpnu ligh! 128 —No carlot arri 1 car on rack. © Bupplies Lent: moderate: market steadv. South Carol b lhl‘l baskets. Hileys and Elbert. inch minimum mum. 1.50a1.78; Eibertas. s 75; medium size, size. 3.50 Watermelon Demand Good. WATERMELONS—One Georgi: Carolina arrived: 4 broken and 9 unbroken cars on track. Truck receipis moderate: demand good ket nd South Carolina und average. 40; 30-pound 3.00a3%5; 1arse pound average, 65 eac ClLlRY*OIw Ne' York arrived: 2 broken ‘cars on track . Supplies Lght demand moderate; market weak. ~Mict ghballs. 1 York. crates. }newmu-filly eashed 3.6 doten 2368500 ew. CORN-—No carlot arriv. Supplies liberal; dem: market ~stea Ne rsey. Ttk 0D raly quality: 55 TEITOCE > Two Californis. 1’ New York W5 v and 3 unproken cars Supblies moderate Cailfornia arrived; . steady Western crates. Iceberg iype. Shwa o Tew higher: New’ York Eustern tes. big Boston type. 2 dosen. express receipis. 15a85, POTATOES—No carlot arri H on Srask Orappies gp. aemand ate; markel steady, Virginia, stave ba; rels_cobblers. U No. 1. 4.00; poorly graded | 'ONTONS “No_carlot_arrivais: mo cars irack. suppiles moderate. deman moderate Fifty- sacks yellows. 0. ersey. 1.00: Virginia. fair quality, &, CUCUMBERS—Supplies ' moderate: de- L PaTkel steady. Maryland 5. TOMATOES8—No cariot _ arrivi cars on track: supplies liberal; Floderate; marke: teady. Marsland Snd Virginia lug boxes green and turnins. wiapped 518 and 6x6 ‘z"“fic}i 1.50: New Jersey. 20-aua: gearby sections. " a-bushe bas M VEGETABLES—No _carlot rivals; two broken and one unbroken ¢ on_tra LA BEANS No carlot arrivals: one supplies moderate: w broken car on track Bushe! slow: — market condition. "0081.00; Eastern 1.26a1.7 RASPBERRIES—Supplies very demand moderate; market steady. svivame pints. red caps 7al0 SPINACH snll!« Tight light: market stea New Jersey, California 3.50a5.00. ac- S —California _boxes. No 1 )0._according to size kets. U. 8. No. 1— | Virginia. Penn- hu!h& five broken and California. boxes. E 10 2PBLES " Bushel ba Penggrivania red. 3nyy | H arrived: two on track lephones. Rree uRbroKen cars en and 1hree unbro %522‘"\“.0“ Vushel hampers Te *BLACKBERRIES - Marviand, 32-quart OKRRA—Florids. bushel hampers 1.50: th Carolina, bushel hamper O INEAPPLESCuba. | crate "B'ITU:;!RMH New Jersey, quarts, 30 **BANANAS Pive cars arrived: five un- broken cars on track. Hign. Low. Close. | _. 98 9T% 98 _ 103% 108% 103’ 10015 100 100} 109 109 108 1104 1113 1114 1064 106 106 1017 101% 101% 10374 10874 108% 105 105 1055 12314 123% 128% 70 69% 69% 383 381 38% 100 100 100 107 107 106 106 118 113 10234 10236 108% 108 108 1123 1128 1125 108 1073 1073 101% 10134 1015 106% 106% 106% Tenn Cent 68’47 Tenn C & C 65’44 B Tenn El Pw 65°47 A__ Term As St L 45 °53 - Term As St 1. 413839, Texarkana 5%s'50 Texas Corp cv 5544 . Texas & Pac5s'TTB_. Texas & Pac 58’80 D_. Tex & Pac 1st 55 2000 Third Ave ref 4560 Third Av ad in ex 5s'6L Tol St L& W 48’50 ___ UnEIL&P6s’5T__ TnEIL&P5%s 54 Un Pac 18t 48747 UnPac4s’68____ Un Pac 1st rf4s 2008 . Un Pac 1st rf 55 2008_ United Biscuit 58’50 United Drug 5853 U S Rubber bs "47 U SPipe Fdry 3%s 46 Univ Pipe&Rad 6s '36_ Utah L & T 5844 A, Utah P & L 55 *44 Util P & I 58 '59 ww.. UtIP&Lb%8"47. Vanadium cv 58741 __ Ver Sug 1at 75’42 ctfs Va E & P 1st ref 48’55 VaRy 1st3%s’66 A __ Va S W con 585! Wabash 41,578 ‘Wabash 1st §5°39. Wabash 2d 53’39 Wabash 65’76 B 0 D. 38 376 3N 104 108% 104 2 10435 10414 10434 M T 71N 3% 123§ 2% 87 86% 86% 14l % 14§ 108 107% 108 1043{ 10434 10435 98} 93 9335 30 30 30 10234 102'§ 10234 30 29 ] Walker H& S 43,845 10534 106} 105§ Walworth 4s '55. ™ T4 ’IIK Warner Brosev 65’39 96 95§ Warren Brev6s’4l__. 61 61 ‘W Sh 1st 45 2061 gtd_. 913§ 91 West'n Md 1st 4s°62_ 1014 101 101§ 4% 343 343 West'n Pac 58’46 Aas 34% 34% 34% West'n Un 4%s 108 107% 107% 'n Un 68 '51..... 10534 10534 106} 6 1073 10734 1074 100 100 100 1113 111 1 ~ 1003 100 1003 2635 244 26 265 243 244 59% 5914 59% 10134 1013 101 18)5 17% 18 9134 1 4% 8 ‘W SpStl 1st 78 '35 et W Sp Stl con 7s '35 et ‘Wilkes B&E 1st 58 '42 Wilson & Co 45’56 Wis Cent 1st gn 45 49 Y'ngstn S&T 3%s’51_ 11134 1105 11054 Y'ngstn S&T 43’61 99% 99 99 Youngtn S&T 53 '70 B. 105’4 1064 106)5 om | 5 South y | Bills dlwoumefl 2-pound average. 55 34-36- | d und | light arrived: | D. C., FRIDAY, JULY 17, 1938 RESERVE BALANCE TREND IS UPWARD Total Now $2,920,000,000 in Excess of Legal Requirements. By the Associated Press. The Federal Reserve Board reported last night that member bank reserve balances continued their upward trend during the week ended July 15, an ad- dition of $58,000,000 bringing the fig- ure to about $2,920,000,000 in excess of legal requirements. The Federal Beserve Board this| week announced a 50 per cent increase | in reserve requirements, effective next August 15, which, it estimated, would cut excess reserves to about $1,900,- 000,000 The last week's increase, the con- dition statement of reserve banks dis- closed, was occasioned by a return of $52,000,000 of money in circulation, augmented by an increase of $7,000,000 in monetary gold stocks. Condition Statement. The condition statement said: “The daily average volume of Fed- eral Reserve Bank credit outstanding during the week ended July 15, as re- ported by the Federal Reserve Banks, was $2,478,000,000, an increase of $4,- nd | 000,000 compared with the preceding week and the same amount as re- ported for the corresponding week in 1935. “On July 15 total reserve bank credit amounted to $2,478,000,000, an in- crease of $6,000,000 for the week. This increase corresponds with increase of $58,000,000 in member bank reserve balances, $6,000,000 in Treasury cash and deposits with Federal Reserve Banks and $2,000,000 in non-member deposits and other Federal Reserve ac- counts and a decrease of $2,000,000 in Treasury and national bank currency, offset in part by a decrease of $52,- an increase of $7,000,000 in monetary ances on July 15 were estimated to be approximately $2,920,000,000 in excess of legal requirements. “Relatively small changes were re- ported in holdings of discounted and purchased bills, industrial advances fties.” Changes Reported. Changes in the amount of Reserve bank credit outstanding and in re- lated items during the week and the «In millionis of dollars Julx 16, July 5. Jule 17 1936 3o Tie35 Bills bought 2 S Ov vt secur- Xnflullnll advances - including 23°000.000 com- mitments — July ) Other Reserve bank credit Total Reserve bank credit Mcnuln xold Ty ana Tional bank cur- rency Money” fn eircula- Member bank re- serve blllncu Treasury cash Geoosits with F R. banks Non-member de- posits and other F. R. accounts 0 13 2478 10 628 521 Washington Exchange SALES. Capital Traction 55—$1000 at 92, Lanston Monotype—10 at 85, 10 at 854 AFTER CALL. Capital Traction 55—$2.000 at 92%,. Potomac Electric 5'3% pfd.—1 at 111, ‘Washington Gas 6s B—$500 at 100. Potomac Electric 5'2% pfd—5 at 1111, i| Potomac Electric 6% pfd.—5 at 111, Capital Traction 55—$500 at 923g | Capital Transit Co.—10 at 17, 50 at 17. BONDS. PUBLIC UTILITY Amer. Tel. & Tel. 4'3s c Cify & Suburban 5s_ | Georgetown Gas 1st bs. Potomac Elec 2 h. Gas bs 1958 Rwy. & Elec. 4 | Ghevs Chase Club 81 Col. Connlrv Club 5’28 LA Cold Storage ‘l STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. 18! Clm!ll Transit Co. & W. Sieamboat (8)__ Pul ZlecP Po' Gflnrnld 8 ing: Liherty () o Li 16.25) Natl. Sav. & Tr. Prince Georges Bk. & Tr Riggs () _ Riges pfd. (5). Washington (6) Wash, Loan & Tr (8) FIRE INSURANCE. American (1) Corcoran (5) Piremen's (1 61 National Union TITLE INSURANCE. 7 Columbia Real Estal Peop! 11434 11434 11435 Re Wa g tf'.om com. Wand: & e o “Ex-dividend. {Plus extras. per ce i80c pald May 15, 1936. a—4 per cent extra. - U. S. TREASURY NOTES. (Reported by Chas D. Barney & ou) s BEEETEEE DS3393 BRI 111 Siads dadadedol t ot st e PRRAR PR 23322222237 ot 8. ¢ 8. LONDON BAR SILVER. LONDON, July 17 (#).—Bar siiver barely steady, 1-16 lower at 19%d. (Sterling price equivalent to 44.40 cents.) oS R Superheater Co. Common share earnings, six months ended June 30, were 62 cents against 37 eents. 000,000 in money in circulation and | gold stock. Member bank reserve bal- | and United States Government secur- | year ended July 15, 1936, were reported | | as follows: | FINANCIA STEEL STRIKE CALLED UNLIKELY IN MONTHS NEW YORK, July 17.—The serious- ness of impending major labor trou- bles in the steel industry has been grossly exaggerated, the Standard Statistics Co. concludes after an ex- tensive field investigation. Indications are that there will be no strike action affecting the industry as a whole, or months at least, e CONCERNS INCREASE TREASURY HOLDINGS General Motors, Consolidated 0il and Others Add to Their Own Shares. BY the Associated Press. NEW YORK, July 17.—Several llue corporations were shown to have added substantially to treasury hold- ings of their own shares in a compila- tion released today by the New York Stock Exchange. General Motors Corp. held 607.325 common shares against 573,989 in the previous report. Consolidated Oil Corp. purchased 26,500 common shares, bringing hold- | ings to 273,948. Other increases were: Lehman Corp. capital stock, 7.400 shares 5,200 held previously; Shell Union Oil | 512 per cent preferred, 23,166 shares against 17,366, and Standard Oil Co. | of Indiana, 69,956 shares, against ( You Should Earn at Loms % There is no need to accept less than 5% on a safe invest- ment. When you deposit your money here, it is loaned ONLY on Pirst Mortgages on Homes. Money loaned on First Mort- gages in Maryland, Virginia and the District of Columbta. Write for our latest financial statement. | SAFETY plus INCOME where you see this emblem “; P X An Insured institution | John L. Weaver, President { Edwerd K. Jones, Secretary | Wflhmgm Bldg. Phone Di. 9486 even in major part, for the next few ainst | Investments 51/2% First Mortgage, Real Estate Notes S.cn" by new dwellings in W. section of W, ington. N eader a8 Howard, Inc. 'Jllmllhel Nearly 4o Ytfl'l . 027 uthern B4, Money for Construction Loans and Loans on Improv 5> FIRST DEED OF TRUST ON | GEORGE 1. BORGER Suceessor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. Properties FEVNNN AN NN A VNN A RN NRRNANE Washington Properties 7% General Mortgage Income Bonds Recommended for invesiments 2L the current prices 1o yield better than 8 Bought Sold Quoted HERTZ & CO,, Inc. 735 Southern Bldg. MEtra 1 ‘Q'Q'fi.‘tfi..fi.fi.t."...li’.] For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Menthly Payments MIMBLR. BUILDING ASOCIATION COUNC ent For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl 3100 ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayoble morithly. No charge for appraisal it loan is not made. Interest charged only on unpaid balance of principal. E ouirasLr Co.0PERATIVE B UILDING A SSOCIATION 915 F STREET N.W. Organized 1879 AT THE CARLTON Forget the weather —sleep, dine, live, in comfort. All bedrooms and dining rooms air-conditioned. Rates