Evening Star Newspaper, July 17, 1936, Page 15

FINANCIAL. “CURB LIST HOLDS AT HIGHER PRICES Portion of Stocks Soften on Profit Taking in Late Market. by the Associated Press. NEW YORK, July 17.—A postion of the Curb list softened on profi. taking in the late trading today, but mon.' stocks held at higher prices. St. Regis Paper preferred moved up | more than 4 points, Mercantile Stores, about 2, and Babcock & Wilcox, about 1%, Allen Industries, Fisk Rubber and Pan-American Airways gained more than a point. Other substantial ad- vances were made by New Jersey Zinc, Masonite and American Cyanamid. BONDS ON THE CURB MARKET DOMESTIC BONDS. Alabama P 435 u. Alabama Pow bt ~ 10%% mhh 104se - 108 " 108 lml 102 102 Cent 1li PS 52 G 68 Cent LP 5s A Cent Pw & Lt 58 Cent. Sh\‘ Elec aé 104 lO'W] 1002 1n<|l 93% 93k 0 3 Citles Service 55 '3 Cities Service 55 Cit gfll Gas 5'as 4 Emp O Erie t.um a8 'fl. Firestone C M 5t Sotae Gatineau Pw. 58 “v!fl Ph Ut BYas ay a Yo l"x ln|:¢ I‘R'A"l R L Vo --«3 3 X 8 2 Lvsfi P & ‘(;'lcl . Alden C 1; 85— z 3 1083 10334 : '}Kfa.}w.mz-. 101% 274 TT Ro% KA 57 .:__ma 108 mu 2105 105 105, 2105% 105% 1351. 11 573 1057 10578 '“fm Eng 4K w Enz A . - ioma 1 21083 10 T107, 10 104% 1 56 781043 P 'R1._103% 103% 103% Pz 8 P&L .’-'xs A ‘4‘! 5% 953 052 Pz S P&L 4 88% RV Bl el 106%2 105%2 101'1 07 107 102% 102% 1028 104% 104% mu 106% 1063 1 Sou §and'G & E Stand G & E 68 Stand P & L 6s 5 Stand T 5las A '43t__ Texas Elect 58 'eu Ut s, 7 87 1043 103% 943, 043, 94 105% 105% 105% Wisc P&L 55 P 1037103 103 York Rwy 58 '37 _103'1 103 103% FOREIGN BONDS. Parmers’ N M 75 '63__ Ger Con Mun fs Ger Con Mun 78 Gus W R R 6s A ot su Pow B A 163 Mahanh, Brn 7s '8 B\IS:‘ 65 l antiag C Santiag chlle is '«1 8o '8las ant ey Ne otllblllly impaired hy mnurnr Cclimn'lnlel upumd in receivership. SHOBT‘TEB.I SECURITIES. (Reported by Chas. D. Barney & Co.) ot Sugar 8 1940 1B ST Amer. Beet Sugar 9-- 108 Aftintic’ lae 85 10972 = 08% ttt [ T = | Dist Litd a28 1-10¢ THE EVENING NEW YORK CURB MARKET By private wire direct to The Star. Stckand Sales— Dividend Rate. Add 00. High. Low. Close. Acme W vtc (2).. 1008 44% dd% 44% Asro Supply (B 5 3% 3% 3% Air Investors In 2 3K 3W 3% AirInvineevpf. 3 28% 28 28 Alr Inv inc war _ 2 1 1 1 Alabam Pw pf(7). 10s 79% 79% 79% Allen lndull (1)-. 28 24%a 244 247 Alum'n of Am. 50s 131%131% 131% Am Beverage. g e Am City P&L (B) L 6% T AmCynam B60c 47 26% 354 36% AmFork & H (1).125s 21 20% 21 29 4% 43% WL 17581121 112 112% 5 9 8% 9 2 Am Gen Corp. . - Am Laundry (40¢) Am L&T of (1%) Am Superpower . Am Superpwr pf.. Anchor Post (d)... Angostura (20¢) Apex Elec Mfg. Ark Nat Gas Arx Nat Gas (A)_ Ark Nat Gas cu of Ark P& L pf (7). Art Met Wks 60c_ ASSOG&E Ass0 Elec Ind Ltd (229 7-10c) - Ass0G&E (A)__ Atlas Corp (a40c) Atlas Corp war AtlasCpf A (3)_. Atlas Plywood. Austin Sflver ___. Auto Vot M(t50¢) Babcock& Wil (1) 500s Black & Decker... 2 Bliss Co (E W). Blue Ridge Corp Bourjois, Inc b25e Bower Roll B (1) Bridgeport Mach Brill Corp (A) Brill Corp (B). B} 10 Buckeys P L (3)_ Buffalo Niag & E P of (1.60) Buffalo Niagara & Estpt 18t pf(5) 5081 Bunker H&Sul(12 300s Butler Bros Can [ndus Aleo A Can Marcon! Carib Syndicat Carman & Co B Carnation Co (1). Caro L&P pf (1). 101101 Carrier Corp 97 14% Castle (A M) (2) 5508 563 Catalin Corp 12 10% Central Pwr & Lt 7% pf (332) .. 25s Cent&SW UUl. 1 Cent States Elec . 10 2 H 1 2 101 142 58 10% | 73% 25 Electric 1% pf =y Centril Pipe (40c) 1 Charis Corp (13%) 1 Chi Flex Shaft {2 1508 Childs Co pt 50s Cities Service _ .. 44 Cities Service pt 5 City Aut Stpg 60c. 6 Clev Blec [llu (2) Clev Tractor _ Colon O11 (d) ColtsPF A (1% Columbia Gas & Elevcvpf (5) 1258107 106 106 ColumbOil&Gas 16 4 3% 3% Com’with £4 (4) 1115 ns 15 Com'with&Swar 45 & * Community WatsS 1 2 Cemo Mines 530 “ Compo She ste (50 1315 Consol Atrc: . 1915 Cons Copper . _. 4% Censol Gas of Balto (3.60) 92 Cons Min & Sm (1)125s 54 Cons Retatl St [ 57 | Cons Royal (20¢)- 2% | Contl Ofl (Mex) . Y | Contl Securities __ 9 Cooper Bessemer. 15 Cooper Bess pf A 4%’% 4% 7 2% 24 12 31% 31% 1258134 132 134 29 26% 25% 25% 100 # s 508 44 48 60% 14% 51 3 2 1 ] 7 45 1 2 *rach 24 Cosden Oil Crane & Co Crane Co pf (37) Creole Pet (a25c) . Crocker Wheeler_ Croft Brewing___ Crown Cent Petr_ Crown Cork Int (A) (31). Crown Drugalle. Cus! Mex Mining . Derby Oil & R Derby Ofl&Ref pf Detroit Gasket(1) Detroit Gasket pf 5 11% 8 B 4 17 164 % 7,. 3% 66 17% 16% % & 3% 674 185 19% 19% 4% 25% 5 5114% 114 258 T4 T4 3 613 ™ T Detroit Gray lron Foundry (20¢) DominS & C (B). Dow Chem (2.40) Duke Power (3) .. Duval Tex Sulph Eastn G&F Asso East'n Gas & Fuel Assoc pf (6) Eastn States PAr Eastn Sta Pw (A) Eastn Sta Pw (B) Kasy Washing Mach B (150)._ 1 Econom G S a25c 1008 Kdison Bros(1.60) 2 Kisler Elec Corp 1 Elec Bond&Share 165 Elec BA&Sh pf(5) 3 Elec BA&Sh pf(6) 2 El Pwr Asso (A).. 8 Elec Sharehold’g. 1 Elec Sharehold of ww (33)..__ 100s Bmp G&F 6% %pf 50s Emp G&F 7% pf. 100s Emp GEE 8% pf- 50s Emsco Derrick(1) 2 Equity Corp 3 Ex-Cell-O Air & Transp (alsc)- Fairchila Aviat’ Faistaft Brewery_ Fanny Farmer Candy (50¢) ... 1 Ferro Enamel (1) 10 Fire As Phila (2) 2501 Fisk Kubber Fisk Rubber pf__. 200. Flintkote Co (1).. 42 FlaP& Lot - 508 Ford Motor (Can) A (a75¢). 12 Ford Motor (Can) B (a75c 1258 Froedtert Gr & M <V pf (1.20) Gen Alloys . Gen Firep'f (40c). Gen Invest Corp.. Gen Inv Corp pf . Gen Rayon Litd A Gen Tel (a2be) Gen Tire & Ru Georgia Pw pf(6) Gilbert (AC)___— Glen Alden C (1) Grand Nat'l Films Grand Nat Films Inc rights_ Gray Tel P8 (1)-. Great At] & Pas Tea n-v (16) ._. Great Northers Paper (1) ____ Greenfleld T & D... Groc Store Prod.... Gulf Ofl (1) __ Hall Lamp (20¢) - Harvard Brewery. Hazeltine (3).... 5 114% K} 10 3 2 2008 3 T a 1 18% 40s115% 116% 116% 50s 324 3214 1 6% 6% 5 2 1% 20 84% 83 3 6% 6% ? 4 e 11¢ 14 1 11% 1% 11% 1 46% 46% 46% 32% 6% 2 8% % s 14 Stock and Sale: Dividend Rate. Add 00, High. Low. Close. Jersey Central Irving AIrCh (1) 3 221 22y 22% P&L(T) 208 99% 99% Jones&Laugh St1 150s 324 324 Ken-Rad T&L A_ 1% 1% Kingston Prod .- % 4% Kirby Pet (20c) A% A% Kreuger(G)Br(1) 24% 24% Lakey Fy & Mach. 6 6% Lefcourt Realty . 2% 4 Lehigh C&N(30c) 8y 8ly Leonard Ofl v 4w Rz 13 ] 32% Long Island Lizht Long IsLtpf AT La Land (4Uc) ... Lucky T (t12¢).. Lynch Corp (2) .. McCord Rad (B)_. Mangel Stores Marion Steam Sh Masonite Corp (uaon. Mass Util Asso 1 4 3 1 Memphis NG Mercantile Stores Merch & Mfrs(A Mich Gas & O} .. Michigan Sugar._ . M1d] St Pet-vtc A M1d1'a St Pred(2). Mock Jud Voe (1) Mohawk Hudsen 1ist pf (4) .. 2008 Mohawk H 2d pf_. 258 76'% Molybdenum Corp 11 7% Mont Ward A (7). 50s154% Montreal HLt & Pwr (1%) Moore Dist (150¢c) Monroe Loan Society (A) aSe Mount Prod (6uc) Mount Sta T&T §_ Mueller Brass 800 Nat Auto Fib(f1)- Nach Spring b50c. Nat Bella Hess . Nat Fuel Gas (1) Nat Gypsum (A) - t Investors Nat Invest war___ Nat Leather Nat Mfrs & Stores Nat Rubber Mach Nat Sugar NJ (2) Nat Union Radio Neb Power pt (7) Nehi Corp Nelson(H) (a25c) 268 9% 26% 95% 6% T6% 7 T% 15415 154% 1 31 3% 31% 6 % TR 4 1% 6 6 u 2% 143 35 35 37% 3T 134 2% [EN 6 143 3T 1 1 208 7 1 22 1 4 15 405113 B 1 12'5 73%' Neptune Met (A). | Nestle-Le Mur New Brad O aloc- T N Zine (12) | Newmont Min (2) 1 | NY & Hond (1) 1508 N Y Shipbldg - | N Y Tel pf (6%) | N Y Transit (30¢c) o | Naz Hud Pwr % | Niagara Hudson | Pwr(B) war __ | Niagara Hudson Pwr (A) Niagara Shares (Md) B (a10c) Nipissing (azse) Noma Elec (ad0e) 1 5% North AmL&P 13 4l North AmL&P pf 200s 53% NorCen Tex bllc 2 6'a North'n-EuroOil 5 & | Ncrthern Inb Pub Sve 6% pf (3) North Pipe L(30¢) Northern States Power (A) Novadel Ag (2) _ Ohio Edis pf (6) Ohio Vil cupf (6) 4109% Okla Nat Gas Co 3 12% Okla Nat G Copf 250s al Oldetyme Distil T Outboard Mot (A) 1 Overseas Seca2is 3 Pacific Eastern__. 8 PacificG& E 1stof (135) 10 3213 32 32% Pac Light'g pf (6) ”"15106‘4 106'3 106 Pac P&L pf (7) 10s 881 88% Pac Public Sve_ 6 Pan-Am Afr (1) Pantepec Of1 26 Pender G(A) (335 100s 3 Penn Cent Light & Pw 7% pf 2.80 50s Penn G&E(A)1% 1 17% 17 Pennroad (b20e) 43 5 4’ Penn PAL pf (6) 208107 107 Penn P&L pf (7) 12081101 110 1103 Penn W& P (). 1 97, o7, 973 Pepperell Mfg(3) 30s 74 Perfect Circle (2) 50s 37 Phillips Packing. 2 11 Phoenix Secur . 7 Phoenix Secur Corp pf A (3)__. Phila Co (80c) . ___ Ple Bakerles(60c) Pierce Governor Pioneer Gold Min Litd (80c) Pitney Bowes P M (32¢) Pittsh'zh Forging ¢ Pitts& L E (12%) 370s 8 Pittsb’gh P G(t2) 11 Pleas Val Wine _. 3 Potrero Sugar 2 Powdrell & Alex__ 2 Producers Roy 1 Prudential [nvest 1 PubSveInd pf___ 40s 2 Pub Svc (nd or pf 110s 5 Pug S P&L $5 pf §100s Puget Sound Pwr &Lts6of __ 30 Quebec Power (1) 25s Red Bank Reed Roller Bit new (180¢) Reliable Strs a2se. Reynolds invest .. Roosevelt Field__ Rossta fntl Corp _ Root Pet'm(a25c) - Rustless Ir&Su. v St Regis Paper_.. 58 St Regis Paper pf §70s Salt Creek P(80c) 2 Schiff (The)Co(2) Seeman Bros {23 Segal Lock &h Seiberling Rubber Selected Indus Sel Ind pr pf(6%) 15 Seton Leather Shattuck Den Mip 6 Shawinigan Wat & Power (60cy.. 1 19% Shenandoah pf-_ 3 49% Sherwin-Will (4)_200s138 137 137 Sher-Will pf (5) n 20s 111%111 111 Sonotone (asc) 4 2 2% 24 South Penn O 11% 2 39% 334 39% Southn Calif E4 Pr(B) 1%) ... Southn Calif E4 pL(C) (1%) . Southn P L (30¢). Southern Un Gas. Southl’d Roy 40c-.. Spanish&Gen rcts. Spencer Chain Stores (60c). Square D Co Df A (2.20)100s Stana Inv vu uf_ 1508 Stand Ol Ky (1) Stand 01l Nebr .. Stand Oil of Ohio_ 1 1 1 9 24 - u 18 13 215 58 1314 28y 6lx 100s 84 2 84 7 s 30 R 39 .100s108 29 38% 39 108 108 109 109% 12 124 30% 31 6% 6% 15 15 6 6 “ 29 15 LY " 420 2 9 ‘ 1 4 3 = 6 1 3 4 = 08 4 2% 19% 1 1 1 ;& 3 2 5 Sterchi Bros 34 pf Sterling Br(a10e) Stroock & CoaTbe Stutz Motor Sullivan Machine. Sunray Ol Sunshine Min (2). Swiss Of} (+20e) ‘Taggart Corp. - Tasteyeast(Del)A Taylor Dist (b5)_. ‘Techatcolor Inc - Teck Hughes t40¢ | | & | Group | automobiles, heavy machinery and 23 | farm implements to countries in the {and Latin American countries. The| STAR, WASHINGTON. PURCHASE POWER ABROAD IMPROVES Business Encouraged by Revival of Interest in Foreign Markets. ®r the A scclated Press. NEW YORK, July 17.—Symptoms of improved purchasing power abroad today added 2 bright spot to the b\ul- ness scene. A gain of 11.6 per cent in sales of General Motors cars and trucks to. dealers in the overseas markets for | June compared with last year was reported by General Motors Corp. Gains Held Significant. For the first six months the up- turn over the like period of 1935 was 19.5 per cent. The fact that the cor- poration’s sales scored substantial gains in virtually all of the 104 coun- | tries comprising the overseas market was deemed significant by tnde\ observers. They pointed out that the cnrren'.j 1ap of the recovery race has been dis- | tinguished by leadership of such dur- | able goods industries as the automo- tive, machinery and machine tools. They recalled the sharp contrac- tion in exports of these products as the result of world currency troubles, rising tariff barriers and falling pur- chasing power in many countries after 1929. Following the loss of important mar- kets abroad, they said, many manu- facturers tended to concentrate on the domestic market, giving less and ' less attention to cultivation of foreign sales. Revival of Interest. | In recent months, however, there has been indication of a revival of interest in foreign markets, stimu- lated by improvement in foreign pur- chasing power growing out of the rise in prices of basic commodities and | industrial improvement. | Notable, foreign trade experts say, has been increases in shipments of American-made goods, particularly so-called “sterling trade area,” using the British pound as a trading medium, { “sterling area” countries include Cana- | da, South Africa and Australia, INVESTING COMPANIES NEW YORK. July 17 (®.—New York | Security Dealers Assoctaiion Admin Fd 2nd Ine ‘Am Gen Eq Inc Am Business Shrs Am Ins Stocks Basic_Industry Broad ‘St Inv Bullock Fund Corporate Trust Corporate Trust A A Corp Tr A A mod, Corp Tr Accum Ser_ Corp Tr Acc Mod Fixed Trust Sh B | Found Tr Sh A | Fund Investors Inc Gen Investors Tl’ Sec Agricuiture Sec Automobile Sec Building Sec Chemical _ Sec_ Foos Sec Invest Shrs Sec Merchandise Sec Minini Sec 'Petroleum Sec R R Equip Sec Steel Sec Tobacce Group Group Group Group Group Group Group ve Pun: Al Keyston Cust Fund B-3 Major Shrs Corp Maryland Pund Mass Invest Tr 1 Plymouth Fund Inc _ Quarterly Income Sh_ Selected Am Sh Am Bk ‘l‘r\uletd Indusn! shrs Trusteed N Y RAILROAD mnsrnx?cnon. The Interstate Commerce Commis- sion index of railroad construction and equipment costs today was reported at 142 for 1935. The index is based on the years 1910-14 as 100. Construction items 1n which manual labor was largely supplanted by me- chanical devices showed receding costs in recent years, the commission said, but accouats in which labor was a large factor reflected improved wages. 1 190 HEAVY DEMAND FOR LEAD. NEW YORK, July 17 (#).—Heavy sales of lead last week are reported by the Metal and Mineral Market. 3 ioy D. FRIDAY, J ULY 17, 1936. FINANCIA L. *k ok A—15 The 1934 Drouth Was Not Reflected in Meat Prices Until 1935 MACHINERY SALES CONTINUE STRONG Holds Up Despite Heat. Specia! Dispetch to The Star. NEW YORK, July 17—In most of the industrial centers of the country June sales of machinery and machine tools were eminently satisfactory lnd July has opened up surprisingly well. says American Machinist. The ter- | rific temperatures which prevailed last | week had some effect in slowing down | business, several shops finding that their men failed to report and others | noting a distinct falling off in effi- ciency. Such conditions are not con- | ducive to keen interest in equipment | purchases. The American Machinist index of industrial machinery sales reached a June estimates point to an even better . | performance. The corresponding in- | dex of shop supply sales also went | into new high ground. Compared with the average of 1935 machinery sales are around 160 and supply sales above 130. Distributors Satisfied. New England machine tool distribu- tors are well satisfied with early July business and look for good orders dur- ing the Summer. credited with stimulating the placing of orders. New York distributors re- port equally satisfactory sales in the Metropolitan district for June. They | say also that July is opening up at almost the same level. The same cheerful report comes from Philadel- | phia where both orders and inquiries are holding up well. In Pittsburgh fairly well, the level of the last six months being maintained. Inquiries are in good volume. | fight between: the steel operators and | the labor organizers of the Lewis com- mittee is causing considerable appre- hension but the impression is that | | there is no real demand from the men for union organization. One mill re- ports that the former mine workers | employed in its shops are particularly { gesirous of avolding further union af- filiation. Orders Holding Up. Labor difficulties are plaguing the Cleveland area, but even so machine = Ilool orders are holding up rather well. The continuing skilled labor shortage is stimulating the training courses established in various plants. The hot weather has slowed up Cincinnati ~ | business somewhat but dealers and manufacturers there are reasonably | well satisfied with the current Sum- mer business. The Remington-Rand strike is somewhat disturbing, though it 1s the only evidence of the extensive undercover work which or- ganizers are believed to be doing. In Detroit the die and tool shops are very busy, which has meant better business for the machinery and tool supplies. Some business that was not expected until Fall has already been placed. Here, too, long deliveries have caused the placing of apprecia- ble orders. The labor situation is be- ing watched carefully but nobody is talking about i, NEW YORK BANK STOCKS ! NEW YORK. July 17 (#.—Over-the- | counter market bank and t com| opening bid and asked prices. . U nIeS Bk of M tan (113)_ cn.:. Manhattan (1'3 City (1) Commercial Total sales were estimated at 11,000 | Sh tons, compared with 9,150 in the pre- ceding week. July requirements of ! consumers, the trade paper says, are about 70 per cent covered. —_— Stock and Dividend Rate. a0, High. Low. Close. Unit Gas Corp 69 B Th T Unit Ga: 12 24 2% 2w Unit Gas Corp 4 116% 116% 116% Unit Lt & Pw (A) 56 8% 81 Unit Lt & Pw of 18 6T% 66 6T United Shipyds, B 6 2% 2 Unit Shoe M 2% 50s 88% 0% 1 2 88% Unit Shoe Mach PpL(1%)-- ufll 40% Unit Stores vtc. U S Finishing pf_. wo- U 8 Foll(B)160e). U S & Intl Secur__ USLmespl .o U 8 Radiator... Unit Verde Ex(1). 315 m 5 1 Inrs‘ Trust 2.40). Mllrl 1a) 3 N s i - Tidde Guaranty & FEDERAL LAND BANKS Laha Bang bonds. 4% Nov., CHICAGO PRODUCE. 13 158 5% 152 3I 4% 4 4 108 90% 16 1% Jnit Wall Paper._. Utah Power & Lt L (3233 1-3) . Otil Pwr & Lt Utility Equitl Utility & Indus pf Va Pub Sve of (1) OHICAGO, July 17 —Pfl . un 4 ol inge, 38 Wh' lad: 2 Plymoulh Rock 1 " uf% 21 colored. el u:‘fe ’A B 8% turkeys. ml- l {Market in Industrial Centers | high since 1929 in April and May and | Long deliveries are ! machine tool sales are holding up | The impending | al- | ORK. July 17 (#).—Noon Federal Plvmumh Rock 17 _ colort hnrm. 2 pounds IEXPORTS OF LUMBER ARE REPORTED DOWN Exports of lumber, timber and logs ‘(or the first five months of this year dely were reported by the Commerce |Dep-m.mem at 715,326,000 board feet, mpared with 733,473,000 board feet ;lor the smaller 1935 period. Shipments of soft woods dccreued from 602,489,000 in the 1935 period to 1572,249,000 board feet this year, the department said, but hardwoods ad- vanced from 130,984,000 to 143,077,000 ‘ board feet. BUSINESS SHING - REPORTED MIXED Wholesale Volume Continues | i { to Expand, Dun & Brad- street Says. Sy (he Associated Press | NEW YORK. July 17.—Dun & | Bradstreet said in its weekly review | of business today that while the Mid-| summer recession has not yet made itself felt in most trade divisions, | trends have been more mixed this| | week than is some time, | Pears of the effect of drought idamage and excessive heat, brought | to an end in some regions by rains |and lower temperatures, were found to be “more psychological than real,” | the trade organization said. ] | Wholesale volume continued to ex- ! pand, the review added, with nearly | every type of merchandise sought by | | the largest number of buyers that| | have visited some markets in six vears. CARLOADINGS SET NEW HIGH FOR 1936 Associated Press Season- ally Adjusted Weekly Index Advances to 74.7. NEW YORK, July 17.—The Associat- ed Press seasonally adjusted weekly index of freight carloadings, based on 1929-30 as 100, advanced today to 74.7 (a new 1936 high), compared with 73.3 the previous week and 58.4 a year previously. The rln!? of recent years age 1935 1834 s M.7 5i t) nm') REPORT OF LOADINGS. 122 a7 40 Railroads’ Association Shows lnu‘e.u Of 74,565 Cars. Py the Associated Press The Association of American Rail- roads reported today loadings of rev- enue freight for the week ending last Saturday totaled 724,324 cars. This was an increase of 74,565 cars, | or 11.5 per cent, compared with the preceding week; an increase of 158,822 or 28.1 per cent, compared with a year 2go, and an increase of 120,132 or 19.9 per cent, compared with two years ago. The week's loadings of various classifications, giving comparisons with preceding week and correspond- { ing week a year ago, follow This Week Last Week. Year Ago Misc. freight 287 54618 Less than ca ot -21.064 8 + 1.909 | No drastic curtailment of rural buying ‘_’ was reported. | Indices Advance. On the industrial side of the business | ledger, the mercantile agency found that leading indices were advanced ! for the week with electric power pro- ! duction, steel output and freight car | loadings making good progress. The review sald that consumer buy- | ing broadened on the days when shop- ping weather turned more favorable, but selectivity prevailed in most lines. ‘Ughl weight wearing apparel, sporis shoes, beach accessories, and vacation | requirements were in good demand. House furnishings moved well, and sales of electric refrigerators and fans reached new peaks. Retail sales for the country as s | whole, the report stated, were 12 to 15 per cent over the corresponding week last year. Some sections of the West reflected continued high temper~ atures by reporting smaller gains than in more favored areas, Tourist traffic helped swell the total in the New ! England States to 12 to 17 per cent ahead of 1935. Other Percentage Gains. | Percentage gains in other regions were: Eastern States, 10 to 15 per cent; Middle West, 10 to 17 per cent: Northwest, 15 to 18 per cent; South, 12 to 15 per cent; Southwest, 20 to 30, and Pacific Coast, 18 to 22. | Of wholesale distribution the agency | said: “Distribution of Government relief money to the farmers in drought- stricken territories evidently has given new confidence to country merchants, as their orders were released at the | best rate in more than amonth, with staples chiefly specified.™ —_— DIVIDENDS ANNOUNCED NEW YORK. July 17 ™ —Dividends (prepared by Standard | Statistics Core Rave been declared s Toliow: Resumed. Pe- Stk.of Pay- $3 1st pf_ n-mlhu‘ Ironrite Ironer 8% o o0 POoOD lo oit WORLD TRADE NOW BEST IN4 YEARS |Industrial Activity Rises to | Six-Year Peak, Survey Reveals. | Svectal Dispatch to The Star. NEW YORK. July 17.—Further im- | provement took place in the world ‘economlc outlook during May, accord- xinx to the monthly review of foreign \eoonolnlc conditions by Winthrop W, | Case in the midyear review in the Annalist, issued today. Industrial ac- | tivity rose to the highest level in more |than six years, while international | trade was the largest in almost four years. Commodity stocks increased slightly, prices turning upward again after several months of weakness. Industrial Activity Expands, Worid industrial activity continued | to expand during May. The Annalist index of industrial production for the world outside of Russia rose to 97.1 per cent of the 1928 average in May, from 965 in April, and now stands at the highest level since early 1930, Industry expanded in all the leading countries, except the United King- | dom. where it held unchanged to the April high ground; the latest reports | indicated advances for France, Ger muny the United States, Canada, Japan, Austria, Belgium, Crechoslo- vakia and Denmark. Although sete | backs were reported for the Nethere lands and Poland. the trend in these countries is apparently upward. Perhaps more significant was the rurmer recovery of international trade n May. The Annalist index rose to 180 per cent of the 1928 average, from 375 in April and 35.7 in May, 1935. The index is now the highest |since June, 1932. The increase re= flects the progress of domestic recove ery throughout much of the world Commedity Prices Up. Whoiesale commodity prices turned upward in June, influenced in part by the North American drought, where the price advance was most pronounced, and also by the prospece tive lifting of sanctions against Italv, French prices were weak, but in moss other countries they rose. Commodity stocks increased slightly during May, but apparently no re- versal of the gradual downward trend is indicated. Wheat, rubber and silk | stocks declined further, while those | of sugar, cotton and tea rose, the sure vey states. FOREIGN KARKETS LONDON 7 (. —Industrial stocks moved nigher 1 todass marker LA adership of ‘tobacco. silk and Trading was restricted ow- it of week end ac- . steel ing | Gour nls securities were tlantic shares had s The mining section *closed irregul 'ARIS. ——(;o\ernmem bonds advanced ia a steady mi S did industrils. elece trical issues. barks and railroads. Intere ational shares moved Arruulfirl) LIVERPOOL —Wheat futures closed about & penay higher. all positions touche ing new highs for the year Extremels bullish American and Canadian crop and weather reports. together with a better demand for Canadian wheat wers con. tributing factors. Cotton closed lower. {avorahie wexther”Teports biing ab: by trade buying on the scaledown Chester, reported a §0od demana for Cloth and a fatr business in vaj MONTREAL SflVER. MONTREAL, July 17 (#).—Stlver fu- tures opened steady, 6 to 10 lower, July, 44.50b; September, 44.75b: De« cember, 45.05b. b—Bid. Bring your REAL ESTATE PROBLEMS to the firm that “KNOWS WASHINGTON" E started in the real estate busi- ness here forty-eight years ago, and have grown up with modern Wash- ington. Naturally, we are well qualified to help you with your real estate prob- lems. We invite you to call on us if you are planning to do any of the following: Finance a home or other property. Borrow money with which to pay off your present mortgage. Sell improved or unimproved real estate. Secure profitable management for income= earning property. Get complete information regarding in- surance for your real estate holdings, present or prospective. In our long years of service we have dealt with thousands of people in the District, nearby Maryland amd Virginia. If your problem involves real estate, bring it here and let us discuss it together, WEAVER BROS REALTORS Washington lulldl?g District 9486 Mortgage Loan Correspondent Meopeiitan Life Insurance Company _ 508 35 35 35 108110 110 110 30 25 24% 244 C'llt 67% 38 50 20% T 25% 4% 10% 10% 3% 36 Venezuela Petrol. Wayne Pnnv-... W Va Coal & Coke Westn Air Ex(n). 91 | Westa Cart pf (6) ‘Westn Md Westvaco pf (7). a..xl G mnl‘ ek g'l‘:n‘lll lond 11: black chle - Sutier. 12,687, sioads. prices unchansed. 14 82% 1 2% RS i 4 8% 8% 268 102% 102% lm 508 75 16 76 508102 102 102 9 14% 13% 1 1% 1% 3 4 3% 20 4% 4% ) ":.';',W‘?;:.'is 2 % l .76 7‘ prtu lien...$750 .. COACH ORDERS UNFILLED. NEW YORK, July 17 UP.—Twin Coach Co., maker of autmotive equip- ment, announces unfilled orders on July 15 totaled $2,750,000. Within in Melville Shoe Corp. Sales 4 weeks| the last 30 days eight transit utilities lh’lllt in etock |ended July 4 increased 22.3 per cent: | placed orders for 138 eoaches, the being _reorsanived. "'2.3""4‘" (e DOn fn] as anese: 28 weeks up 15.2 per eent. eompany revealed. 222SRIRT2383 000 0000 nn » O ® FEE nw YORK PRODUCE. YORK. July 17 (P).—Butter, 6.~ s o TR 13% MW%. extra (92 score), M% ‘centralised (90 1% 3% (so-o1 4% "Ene 5 fem, mnnul. Averige _chocks: 1‘5-‘:‘.- mixed s o inchansed Indiana Sve 6% pf l“l ins Co of N Am(2)450s 1 - Int Mining (60c).. 4 Int] M1 war_. Wabash Rwy. Ining & intl Petro (11%)_ Waner west. ‘u 'nurn Union T - SRIIB2BEZ WONSES WE KNOW WASHINGTON ey 1 108% oA Twin Coach(a20e) 1850 Viher et Unexcelled Mfg.. Unit Air war Unit Chemical Unit Corp war... 1nti Uth) (B) Int] Vitamin t40c. Iaterstate Power (Del) pf__ Iron Fireman BAR SILVER STEADY. NEW YORK, July 17 (#).—Bar sil- Per steady and unchanged at $4%. e