Evening Star Newspaper, July 18, 1936, Page 13

FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. C., SATURDAY BONDS ON N. Y. STOCK JULY 18, 1936. MIXED AND QUIET EXCHANGE (G| REALIING | TRADING IN BONDS Treasury Obligations Are Steadier, but Market Still Eyes Bank Rule. Bond Averages 20, 0, 4% el® Raila. Indus Util For'n. +.1 Unc. Unc. Unc. 68.9 68.9 69.9 69.2 2.0 Net change_ Today, close. 93.3 103.5 102.6 Previous day 93.2103.5 102.6 Month ago-. 92.5102.7101.9 Year ago__. 81.4 983 96.8 94.3104.1 1029 - 8691018 993 1935 high... 87.8102.2 99.8 1935 I0W.... 764 922 845 1932 low.... 458 400 646 1928 high...101.1 98.9102.9 1005 10 Low-Yield Bonds. Close - 111.7 Prev. day- 1116 Month ago 1119 Year ago- 1105 1936 high. 112.3 1936 low.. 110.2 1935 high. 110.7 1935 low... 1079 1928 high. 1044 1932 low.. 8638 0. (Comptled by the Associated Press.) % the Assoctated Press. NEW YORK, July 18.—Listed bond: were mixed and quieter in the final session of the week today after the substantial gains marked up recently among corporate issues. Treasury obligations were somewhat steadier in tone, but the market| continued to eye closely a movement | toward upward revision in yields on trade paper as a possible hint of change in underlying money market conditions growing out of the boost in reserve requirements for member banks of the Federal Reserve system. Some dealers said, however, there was no definite indication of a ten- gency to shy away from high-grade | issues on possibility of a general hard- ening of money costs over the next few months. They pointed out '.hll' even with the higher reserve require- | | ments banks are expected to retain | a great surplus of loanable funds. ! Atlantic, Gulf & West Indies 55 was A weak spot, dropping nearly 3 points | to 73's. Albany perforated Wrap- ping Plper 6s in contrast spurted 4 points at one time to 77. Prime rail and corporate issues generally maintained a good tone around their peak prices. Gains of fractions to a point or more were recorded for Allis-Chalmers 4s at 13412, Chesapeake Corp. 5s at 1545, Great Northern 4!»s at 1023, and Youngstown Sheet & Tube 3!zs at 1107%%. Small losses were contributed by Erie 55, New York Central 5s and Goodyear 5s. The Treasury list was mixed but changes narrow. The 33gs, matur- ing 1943; the 3%s, due the same year, and the 3'4s, maturing in 1941, were off slightly. Rallies lifted the 3s of 1946, the 27s of 1955 and the 23;s of 1945 for gains of as much as five thirty-seconds at one time. The foreign division also was ir- segular, INVESTING COMPANIES o RK. July 18 (P —New K Sedutlty Denters TAociatn Hax Admin Fd 2nd Inc ive Tr Sh _ Debos Bk SH N = Group Sec Chemical Group g:c Food Investors Fd “C' Investors Fund of Al Keston cust Pund es! utual Invest new Natlon Wide Sec Nation Wide vic Super of Am Tr Super of Am Tr B @uiper of Am Tr & Super of \m TIr D Suvervi: T Sioetes Stand Tnv € Trustes Stand Inv D Trusteed Am Bk “B" SHORT-' TERM SECURITIES. (Reported by Chas. D. Barney & Co.fll i x'u - 1001 Mlnntit Rennml California Packing . Clinfd & O. 1 & 5( Sona S West 86 T Pac. R. R. Missouri 45, 1938 Pacific Tei. & Tel. 55 1 Penn-Dixie_Cement 65 mu 95 R.R Co 45 104 1 R0ty {55 1037 1043 s 102 26 " 104 105% w Warner Brus&fl = Western Union Ter 5: 19358 U.S. TREASUB.Y POSITION. By the Associated Press. The position of the Treasury July 18: expenditures, SJ 1o 4,in emereency spending: excess of S60, Rross debt. ROR AR, " deciense oI 35,07 T s day. Gold as- 1935 (comparable & ndi- Sl RBR.- istoms receipts for the month, for the fiscal yei 8180.18 - Arnfi'l -xnendnurfia 14 of en S ca flf exvtndltureh Gold ux:ts SR 130.680.650.1 95 LONDON BAB SILVER. NDON. July 18 () —Bar silver steady unichanced at 178d " (sterling price uivalent (o 44.42 ce | Buen A 4%3-4%s By private wire direct to The Star. Approximate Transactions Today. U S Gov't Bonds. Foreign Bonds Domestic Bond TREASU High. 108 101 100 102 104 104 108 108 108 108 m 12 4145-31451943-45 107 4348194752 1 2*. 1945-47 2% 8 1948-51 2% s1951-54 27%s 1955-60 35 1946-48_ 3s 1951-55_ 1723 360 000 320 000 4 080 000 RY. Low. Close. 16 103 12 103 15 23 10121 10128 29 100 27 100 29 2 10130 1022 30 10426 104 30 11 1048 1048 22 105 22 10522 21 10521 10521 19 108 19 10819 1 1081 1081 5 1115 1116 31 11231 11231 23 10721 10721 1721 11728 FEDERAL FARM MORTGAGE. 103 108 10229 10229 81 10326 103 31 HOME OWNERS' LOAN. 101 101 102 238 194244 238 1939-4! 3s°1952 Abitibi Pa&Pw 5s ‘53 Agr Mtg Bk Col 68 '48 Antioquia 7545 A. Antioquia 7s"45 B____ Argentine 5%s ’62._ Argentine 6s '59 June Argentine 68 '59 Oct. . Argentine 6s '60 May Australia ‘%! 56, Austrian Belgium 7s aa Bergen City 5s'60 Berlin 6s '58 Brazil 63;s "26-"57 Brazil 6%s 57 Brazil 8s’41_____ Buenos A C 3s ‘84 Buenos Aires 4335-4%s '76 April_ Buenos A 4%s ‘76 Aug 75-. Canada 2%s "45_ Chinese Gv Ry Colombia 65’61 Jan__ | Colombia 6s '61 Oct _ Jopenhagen 4%8°53__ Copenhagen 58’52 Cuba 4% Cuba 5% Czechoslov Denmark 4 Denmark 5 Denmark 6s ’42 Dominic 1st 51840 Finland 6%s '56 = Frameric In T1:s 42 _ Frankfort 6%s '53 French Gv 7s 49 un st Ger Gov 513 Ger Prv & City Bl con Ag 613838 Good HS & 1784 Italy 78’51 Ital P U Crd 7s 52 | Japan 6145 54 Medelin 6128 Mex 4s ‘34 asst___ Mex Ire 412 '43 asst Milan 6135 '52 New So Wales 5s a1. Norway 414865 _ Norway 414s '56 Norway 5s '63 Norway 68°44________ Panama 5s '63 stpas . Peru 65761 __ Peru 7s '59 Poland 7s '47 Poland §s . Rhine W EI P 6= '55__ Rio de Jan 8s '46 April coupon oft. me 61¢s 52 Sao Paulo St 65’68 July coupon off Siemens & H 78 '35___ Tokio 3335 '61 Tokio E L Ltd 68 5. UnStI Wk 613 Un Stl Wk 6125751 Uruguay 6s'60_______ Warsaw 7s '58 __ A A - 4 10134 £ mzk 10214 4 1014 1014 5 1013 1014 17 10218 10217 20 104 10% 9% 9% 10034 10034 1003 10034 100% 10074 100%4 100% 1013 1013 9634 9635 - AT % 6634 0% 9935 101% 11434 114% 1435 143 14% 4% 2 2214 2214 953 9934 9634 835 91 106 106 63% 633 102 102 1067% 10675 2085 208 176 178 25% 2% 37 34 8615 37 34 86 315 984 9 61y 6y 4%, 1033, 96%% { 1013, 102 10674 634 1% 141y 61 43 2455 | Leh Valle | Leh V Pcon 4% Hign. Clc' Un Tel 4%s'77 Clev Un Term 55 '73 B Clev Un Ter 518’72 A Colo Ind cl trbs'34___ Colo & 8o 4%s '80 Columbia G & Edeb 58”52 April Columbia G & E5s 52 May Columbia G&E bs '61_ Comcl Inv Tr 538’4 Cons Coal Del &: Cons Ed NY 3% n Cons Ed NY 3%s'56 n Consum P un 3%- 65 Cons Gas N Y 4348’51 Cons Power 3148°70 _ Consum Pwr 3% s '65. Container deb 55 *43 __ Del & Hud ref 4543 . Den& R G con 4s'36_ Den& RGW 55’55 asst Den& R G ref 5878 __ Detrajt Edison 5s "62_ Dul SS & At 58'37 Dugquesne Lt 3%s ‘56 Eriecv 4s'96 Erle gen 4s*9 Erieref 5s "67.. Erie ref 5s'75. Farb'ks Morse 4s 56 Fed Lt & Trac 58 '42 st Galv H& H 5%s’38___ Gen StIC5%s"49 _ Gen Thea Eq 6s *40 Goodyear T&R &s 7 *| Gr Tr'k of Can 6s 36 . Great NRy 4546 G .. Great N Ry 4s ‘46 H_ Grt NRref4%s'6l A . Low. Close, 1033 10344 108)5 10734 ‘107§ 10734 uou 11034 1104 81 m. 8§ 18 - 105§ 10834 105}4 . 105 105 105 10474 1043 1043 10434 10434 10435 10434 1043 m«u 1063 106%5 10634 10635 10434 10434 10835 108% 102 102 81% 81% 21l 3134 15 16 26% 263 109 109 % 6 108 1073 1053 1053 8745 863 811; 814 811 80% 10134 1013 102 102 89 89 8534 853 27 2734 1043 1043 10034 10035 11534 114% 104% 10434 11345 118 Grt N R gen 43576 D 10434 104 GrtNRgen4% "TTE. Grt NR5%s%2 B Gulf M & N 55'50 Gulf M & N 5%s '50 Houston Oil 5%s 40 Houston&T C 1st 58'37 Hudson Coal 6s '52_ Hudson Go G 1st 5 Hud & Man inc 58’57 Hud & Man ref 58 57— 111 Bell Tel 8% 70 111 Cent col tr 48’5 111 Cent col tr 4s'53 111 Cent ref 4s 111 Cent 4% *66._ 111 Cent ref 58 %55 - 111 Cent Omaha 3s '51- ICC&StL N O 4%s'63. ICC&StL N O 55’63 11 Steel deb 4%s'40__ Inland Stl 3% s'61 __ Int R T 1strf 5s 66 IR T 1strf 5’66 ctfs Interlake is '51 Int Cement 4s *45 Int Grt Nr 55’66 B___ Int Hydro El1 6544 ___ Int Mer Marine 6s'41. Int Pap 1st 55 °47 A Int Pap ref 6s '55 . 108 1028 1025 113 113 45 943 993 993 1034 103'¢ 1025 1023 43 749 12234 122% 3134 31 615 T6% 10734 1073 84 84 80 8834 T8 14 98%4 803 803 81 803 87 864 10735 107% 105 9434 9435 IntRyof CA6s’4l.__ 1 IntRvofCA 63847, Int T&T cv 4%s’39 Int T&T 412852 | Int T&T 5855 Towa Cent 18t&rf4i James F & C 48’39 Kan CF S&M 45’36 _. KanCP&L 4135’61 Kan C So 1st 3s 50 KanCSorfin5s'50 - Kan C Term 1st 4s *60 | Laclede G 51 | Laclede G Leh CEN 4135 /54 A Leh C. 41:8'54C Har 58 '54. LVNY4,;s40gtd Leh V P con 4s 2003 2003 Leh V RR con 5s 2003 | Ligg & Myers 58'51__ | Loew's 3125746 _ La & Ark 55’69 | LouG & E 58" L &N 1st 452003 __ S0 Mon jt 48’52 | McKees & R 614850 1774 80 1684 8 8% 281, 281y by 36 78 8 281 g S.)h 3% 38 | DOMESTIC BONDS. Adams Express 4s Adams Express 45’48 Alb P W P 6s'48 asst Alleg Corp 5s 44 . _ { Alleg Corp 58 49 Alleg Corp 5s'50 stp Allis Chalmers 4s ‘45 Am & For Pw 55’2030 Am Jce cv 58’53 Am1GCh 615-!'49 Am Intl 53549 . - Am Roll Mill 43,5 "43._ AmT&T 4%s'39 AmT& Tcltr 58’46 Am T & T deb 5560 __ Am T & T deb 55 65 AmT & T 532843 Am Wat Wks 6s 75 . Am Writ Paper 65’47 Am WritPaés"i7c | Anacorda deb 4148 '50 Armour(Del)1 Fe41:s'48 AT&SFeC A48 A T&S F TCSL 48 Atl Coast L 1st 4s Atl Coast Liclt 45’5, AtlCL un 4355 '64 Atl Coast Line 55’45 Atlantic & D 1st4s "48 Atlantic & D 2d 45”48 AtlG & W 15559 B&O Ist4s’48_ B&O 4%s'60 B&O 1st B&Oref5s'95 A B&O5s'96 F B &0 ref 55 2000 D B & Oref 6s'95 B& O Swn 55’50 R & O Toledo 4s 50 . Bang & Aroos cv 4s 51 Beth Stl 43,860 sf___ Bos & Me 4%5'61J__ Bos & Me 58’5 Bos & Me 58 ’57 Boston N Y A L 48 '55. Bot Con M 63 Bklyn Man T 4145 '66_ Bklyn Un Gas 8’57 B Buff R&P con 4%8'57 Bush Term con 5s '55. Can’dian N R 4% Can'dian N R 4.8 *56. Can’dian N 58’69 July. Can’dian Candian N db 6155°46. Can'dian P db 4s perp Can'dian Pac 58’44 cfs CaroCl& 0 6s’52 A Cent of Ga con 55’4, Cent Ga Chat 4s '51 Cent Il E & G 58 '51 Cent of N J gen 55 '87. Cent Pac 1st rf 45’49 Cent Pac 5860 Cert’d deb 535 *48_ Cherap Ccv bs '44 Chesap Corp 5847 Chi & Alt ref 35’49 Chi B & Q gen 4s’5! Chi B & Qref 5s'71 CB&QIdivrg3lss’49. Chi B&Q 1 div 45 "49. Chl & E Il158°51.. Chi & E I11 55’51 ctfs_ Chi & Erie 1st 58'82__ Chi Grt West 45’59 Chi1 & L gen 5s '66. Chi Ind & So 45 '56._. CM&StP 4s '!q Y | CM&StP bs °T CM&StP&P Id! 582000 Chi & NW gen 4s'87__ Chi & NW 4155 2037_ Chi & NW 41252037C Chi & NW 438’49 Chi & NW gen 5s"87__ Chi& NW rf 55 2037 . Chi R I&P rf 45’34 Chi R I&P rf 4834 ctf Chi R I&P gen 45’88 __ Chi R I&P 4%s8'52. Chi R I&P 435 '52 ctf Chi UnSta3%s'63E. Chi Un Sta 4863 Chi & W I con 4s’52__ Chile Cop deb 58 47 Cin Union Term 58 ‘51 CCC&St L gen 4 CCC&StL rf d%l’" ® A 10035 10044 10033 1003y C ] 9714 9734 9214 92 63 623, 1331 % T5lg 1122, 105'¢ 1133 11 35 1081, § 11344 1 10014 10034 | 77 924 | Mead Co 6s 45 ! Mo PAc 55 Market St Ry 75 40 A Mil ER&S L 55’61 _ Minn& S L5s'62 A MStP&SSM cn 45 '38 MStP&SSM cn 58 "38 | MStP&SSM 55 '38 gtd Mo 111 58’59 MoK & T 1st 45°'90___ | MOK&T4s’62 B Mo K & T adj 5567 Mo Pac 45’75 Mo Pac 58765 A_ Mo Pac 5878 G Mo Pacific 58 80 H | Mo Pac5s 811 Mo Pac 5s ‘81 Tetfs__ Mo Pacifie 51 | Mob & Ohio 4 Mob & O M div 5847 Mont Pwr ref 5543 __ Mont Power 58 "2 A ex 3148 2000 x 413°55 Nat Dairy 3 Nat R M 4s | New Or G 1043 97l 10915 108%; 1107 3 lllh 11214 13 967y 8915 83 98 5485 50 491§ Y4 3% 10614 106 8% 783 124 112 89 89 881, 88 8834 8% 991 9914 10435 1041 97 97 11134 111 105 10434 3 12 7% % 8 T4 25 L8 19 18% 10134 101 109 109 82 82 5T 57 1153 115% 11545 1153 17% 11734 1197 119% 1193 1193 12815 12834 9735 97 1153 1151 11034 110 253 25 213 3 1081 110' 1113 11214 .20 893 | 9% 913§ 9% 110 110 110 102 101% 102 0234 9235 92% 136 135 136 154% 154 154 513 513 513 1123 112% 1125 11534 11534 11534 10734 1073 1073 FPere Marq 1st 4; 12 112 112 19 19% 193 1884 18% 18% 12054 120% 120%§ 37T 368 3T 2014 204 204 10214 10234 10214 5434 Bdlg 108% 108% 108% 11134 11134 1113 10374 108% 10834 102% 102% 1023 110) 110} 110% 10234 10234 10235 UK M 94 /A | Oreg RR & | Otis Steel 6541 - 2134 2134| Penn Dixie C €s 41 10834 10375 10374 New Orl P § New Orl P S New Orl Ter 1st 4 New Orl T&M 5s 13 ‘:' . 102 963§ 56% 56% 113 11 8674 8675 94l 933y 10834 108 3% 13 8 724 102 102 - 1013{ 101% 95 95 941 94 ol B4% 60% 60 6513 6514 1233 1231 9675 9673 9515 95 11134 11114 1013 1081 1081 1027% 1027 953 952 10834 10335 101% 101% 105" 105 1043 10434 23 358 33 43% 12% 21 10734 103 9314 871 10534 115 891y 100 0% 1% 101 981 977§ 89% 8913 953% _ 113% C&*t L5%s'T4 A (‘m&fllLss a8 - ' Conn 1st 4128 "53_ ' Cent 4s *42 dison 31,8 '65 D NY NH & H 4728 %7 _ \'Y. H & Hev 65748 ! \\ O&W ref 4s | XY Jfys inc 65 °65 NY S&W 1st rf b: NY Tel gen 47 39 _ NY Trap Rock 65 46.._ NY \v&x«u,,«us Niag Sh | North Am Nor'n Pac gen 3s 2047 Nor'n Pac 45 *97_ Nor'n Pac 4145 2047 Nor'n Pac 55 2047 D Nor'n Pac 6s 2047 North Sts Pw 4148 Ogden I, C 45 "48 Ohio Kdison 4s " Ont Trans 1st 58 * 48’46 Oreg W RR & N 48’61 61 Pac G & E 4564 Pac G & E 58’42 Par-B'way 512851 - Paramount Pic 68’55 Parmelee 65 44 PennP&L 4 Penn RR 3%s8'70 C Penn RR 45’63 Penn RR 4%s’81 D. Penn RR 4%s ‘84 _ Penn RR gn 4156 Penn RR deb 4%s '70. Penn RR gen 55’68 People G L&C 6s” Peoria & E 1st 4 Pere Marq 4%s"80___. Pere Marq 1st 58 '56._ Phila Co 5s 67 - Philippine Ry 4s "37_ Pitts&W Va 4145’60 C Port AC&D6s'53 A_ Port Gen El 4348 °60__ Postal Tel & C 5s'53._. Pressed St1C 55’33 Pure Oil 4148’50 ww._. Reading Jer C 4s'51__ Reading R 4%s ‘97 A_ Rem-Rand 438’56 ww Republic Stl 4148 '50 Republic Stl 4148 6 Revere Cop 4%8 "56. Richfield Oil 6s *44_ Richfield O 65 *44 ctf Rutland Can 4s 49 Rutland RR 438’41 St L-S Fran 45’50 A. St L-SF 45’50 A ctfs St LS Fran 4%s 78 StL-SF 4%s’78 :f't. 9614 9534 913y 1028 1023 9815 9835 107% 107% _ 105 105 1021 102'{ 293 29§ 283 2814 21 21 3914 394 4T3 46k 86 86 _ 11034 1103 81 81 135 131§ 10234 10234 1053 105 803 803 10934 10934 10085 10034 10634 10634 110% 1103 1061 1064 25%4 253 1053% 10534 114 114 - 1113 1114 107 107 - 10234 102} 109 109 10214 10214 59 b8lg 881, 87l 7% 70 96 96 107} 1074 10135 1013 10434 10474 109 108% 10855 10814 1125 1121 ,10334 10835 ~'1193 119% 12044 12034 88 874 9634 9635 100 993 1043 104%% 105% 1053 105 105 3934 893 17 163 314 81% 901, 893 9014 1013 1013 101% 2% T2 2% 3034 30 303 9435 945 118} 120 10034 1003 100% 1063 10634 10634 1074 107 107 11134 11034 11134 9634 96 103% 108 4 4l 39 28% 31y 39 28% 31k 2 22% 22% 19% o1 | Ut P& L 52 | West'n Pac 55 '46 A as | West'n Un 55 *51_ | Y'ngstn | New York orices) | ton” @2 i5 { ington unbroken cars on track | ma | standard: High. Low. Close. StLSWgnrfhs'90 40} 39 40} StLS W istterbs’52 574 57% b67% StPUnDeprf5s’72_ 120 120 120 San A & A Pass 4543 100 Schulco 6,5 '46 A stp. 27 Seabd AL 6s’5 A Shell Un deb 3338 °51.. Skelly Ofl 4s %51 South Bell T&T bs '41. So Pac col 45 '49 So Pac ref 9834 1073 941 1083 92 913 913§ 9734 ll)l)i IOIK 013 91;( 913 So Pac Oreg 4% So Ry gen 48’56 A. SoRyM&O 8 W Bell Tel 3% Spokane Int 5 Staley A E 45 '60 Stand Oil N J 3s ‘61 Tenn El Pw 6547 A_. Term As St L 4553 ___ Texarkana 518 " - Texas Corp cv 58 "44_. ‘Texas & Pac 58 '79 C Third Av ad in ex 5s"6( Tol & Ohlo C 3% s '60_ UnEIL&P 57 Un Pac 1st 48 47 Un Pac 48’68 Un Pac 1stri4s United Drug 5s U S Rubber 5847 _ Univ Pipe&Rad 6s '36. Utah L& T 58’44 A Utah P & L 58 '44 Util P & L 58 '59 ww__ 47 Vanadium cv 5541 ___ Va E & P 1st ref 45 '55 VaRy 18t 3%s’66 A__ Wabash 414578 Wabash 55 '76 B Wabash 55 '80 D Wabash 55 ‘80 D ctfs Walker H& S 41(8 45 Walworth 4s 55 Warner Bros ev 6s 39 Warner-Quin 65’39 __ Wash W P 1st 5s . Westchester L 58 '50_ W Sh 1st 45 2061 gtd__ West'n Md 1st 4s " 381 1063 107 13 West'n Un 55 *60 West'n Un 612836 __ Wheel Steel 4155 '66.__ White Sew M 6. W SpStl 1s 100 100§ ~. 100 244 et 2435 2415 Wilson & Co u 55 . 10134 101§ B - 1114 1107 Y'ngstn S&T 4561 __ 99; nl} BUTTER Raage of prices to store: @athered from wholesale dealers (orices l; nearby shibpers based on Philadelohia and One-pound prints. ca score) Ti-pound orints. carton” (i tubs (92 scorel. 34: tubs (90 AT—Beef 12a16: . smoked ham pork loin 9 5 danto: lisnt boss. 108107 heavies. Kioa calves' 6aR’z. lambs Prices peid shippers net {. o _b. Wash- by ‘the United States Bureau of Al Economics Market auiet: es unchanged whites ‘mediums. Toughs. bak: | receipts moder- Current ' receints 223150 w few 2 premium operment sraded and dated white ecgs (including srading_and marketinz costs) U. &. ex fas, laree 315 U'S extras mediums S 'standards. large 2R s standards. large LIVE POULTRY-. unchanged heavy 17a19. brown colored roosters. brojlers 32223 Le ikai0: toms. 13 tur- 14a Fruits and Vegetables. Sales in large lots by orizinal receivers up fo X am. tod PEACHES—One North Carolina Georgia _one two broken and ene Supplies light: ket steady North Caro- Hie: 4-inch minimum. ° 1 buishei bmk-u Belles; i% h m. 1.50: % c.erwwr.s No carlot arrivais. no cars ontrack n_stock: Supplies Moderate. demand. siow: © market- aul North Caroiina, showing effecis of hail | meats, standards. 24s to . labeled, 1.00a1.50: Laurinburg | HONEYBALLS - No broken car on track mand light ‘Supplies iieht: Galifornia 3.00; five ponys. 455 HONEYDEWS. N0 broken cars on track. Supplies light: de- mand light: market dull. California. st ard crates, 125, 2.00; fair condition, 1.7 1.8 CELERY—One Michizan _arrived, broken and one unbroken c: light: demand lizht: market Michigan. Highballs. 1.00. New dunlly washed, 3-6 one i; few Corn Supplies Moderate. No carlot arrivals: no cars on track. Supplies moderate: demand mod- erate; market steady. Sacks, 5 dozen: | w Jersey. fair condition, 30; few. best, North Caroling, Suear, 75, CUCUMBERS—No _carlot arrival e Supplies moderate. demand hzhv market steady. Maryland, bushel baskets. 50 LETTUCE--One California arrived. six broken avd one unbroken cars on track. es demand moderate: mar- California. Western crates, | Tecbers & pe. 5 dozen. best, 5.00; fair con: CORN no OB tTREK owons No carlot arrivals. no cars on | track. ~ Supplies moderate: demand light: Toackes steads. “New Jersey. 50-pound | July | September ON GURB MARKET % P List Turns Irregular, With Gains of One Point Recorded. By the Associated Pres: NEW YORK, July 18.—Small-scale realizing entered the curb market to- day and the list turned slightly fir- regular. Gains of about a point were recorded by Cuneo Press and Pan-American Air- ways. Similar swings downward were made by Brown Fence & Wire, Com- monwealth Edison and Cieole Petro- leum. Draper Corp. moved up more than a point. Most stocks fluctuated narrowly. . CHICAGO STOCK MARKET CHICAGO. July 1R (®. —Following Is the complete official list of transactions in stocks on the Chicago Stock Exchange to- h. Low. Hi Close. Sy Tak 40 Abbot Lab 100 Advance Alum 50 Allied Prod - 300 Ashestos, Mig ) Autom_Prod 400 Hastian-Bless v Corp 50 Chi Flex Shaft 1300 Cities Serv 0 Commanw'th Edis 1 350 Con_Blscu! 20 Gont Bieel" 800 Cord Corp 300 Crane Co 50 Dixie-Vortex A 100 El Household 150 Elgin Nat Watch 400 Gen Household P00 Houd-Her B 20 1 Nor Ut pf 550 Jarvis (WB) 1100 Kellogz _Switch 110 Keiloge 8w pf new 10 Ky Ut 8% pf 100 Ken-Rad Ta&L. 100 Kingsbury Brew Leath & 250 Merch & Mirs A ¢_& Mdgrs pf Co Nor'west Sl 100 Pines Winter 100 Public 8ve 1 © 50 Raytheon 100 Reliance 100 Schwitzer Cum'ns 300 8'd Dreds 900 Swirr & Co 100 gwift Int 200 Thompson (J R 100Ut & Ind 10 Viking 'm b e Pump s 50 Wahl _ Co 100 Walgreen 1050 Zenith Rad 115 311 iy Total stock sales todav ol 000 shares CHICAGO GRAIN By the Associated Press. CHICAGO. July 18.—Smashed by rain and cooler weather replacing | drought and heat, corn prices broke 4 cents a bushel today in wild trading, and wheat 335 cents. Official forecasts were that most of | the drought belt would have at least temporary relief. Predictions were that | more rain was needed over the entire North American agricultural region before the drought will be ended Corn closed unsteady at the day’s bottom level, 37<-4 cents under yester- day's finish, July. 887:: September, 57a: December. 797<: wheat nervous, 3 to 374 down: September. 1.0133a%:: December, 102%al.03; oats, 173a2'¢ off. and provisions unchanged to 15 cents decline, WHEAT— July September 10415 1.043¢ 1.0 December_ 105~ 1.0 10 CORN— — July September December GOATS— Etember December . RYE— | July September December BARLEY— July September LARD— 10.90 October . 10.95 December suEELLIES— Chicago Cs.lh Market. Cash wheat, No. 1 red, 1.06! No. 2 red, 1.06: No. 3 red, 1.05; No. 1 dark hl\rd 1.10-10'>; No. 1 hard, 1.097:-1012 corn, No. 1 vellow, 91-92; No. 2 el- | low, 91-92; No. 3 yellow, 90-91; 4 | yellow, 90; No. 2 white, 1.01, Oake blmng No. 4 white, 96, lake billing; | 11.00 10.90 12.57 : | oats, No. 2 white, 383;: No. 3 white, | U TOMATOES--No__carlot track. Supplies market steady. : ocauart_ boxes, 1.50; climax haskots. T3aR3 MELS 8 car’ diverted: market Wi arrivals: +16-quart S""No carlot_arrivals: 1 broken and 1 wnbroken lies moderate: de- sénnh Caro- cars_on track mand light: 5 poun. 6 “pounds’ averase. "85 Mixed Vegetables. MIXED VEGETABLES No carlot ar- Fivals 3 broken cats on tra LIMA NS—| ut 50: poorer RASPB!RRES—SHDDHH v"y light: de- mand moderate, market stea e vania. pints. Redcaps. Ra SPINAGH —Supplies Lht demand light, New Jersey. bushel bas- market_steady. e RANGES—Tw 3 o, Callfornia_ arrived broken and 2 unbroken cars l'l:kB California. hoxn 3.50a5.00, -cccrmnl to sradeand size oo alifornia 1050M 1100, secordimg to e No- APPLES—Bushel baskets. U. Maryland. Pennsylvania and_Vireini i Vea2ia inches, 75a1.00: Trans. parents, 2-inch pinimum, 90a1.00; Henrs Cla inch ~minimum, 602653 %%a-inch miptnum. 65075 & acrivals: 1 AS_No carlot arrivals: 1_car dl- vrum 2 broken cars on track. Washing- ton. bmhel hampers. Telephones, 2.00. 'mn BERRIES—New Jersey, quarts, CARROT«L_ eaf BRONE No c]nr]nl arrivals: 1 broken S-—No_carlot arrivals: - verted. no cars on track. Lo dp L. C. L. Express Anluh. be ls-buonel baskets kets s forth crates cnmllaunel huckleberries, 58" bu T “bushel_baskets o bu*hel bnkeu okra. 60 by baskets ‘mushrooms. _ Vir. 2 barrels watercress. Unknown ol o crates mixed vesetables. [ —— CHICAGO PRODUCE. CHICAGO, July 18 (n.—Poultry, lezs than bounds, 17 Leshor ess 41, pounds.’ 17: ja%: Blymoutt Rock' Springs. 2: ; Plymout " frsers, 18; Plymoum Rock broilers, 19: white 'Rock. 17; col- d. 17; barebacks, 14a16; Leghorn, 16 oosters, 14: Leshorh roosters, 11: 16: heavy old ducks, 12 all white ducks. 11: younl geese, 13; old, live turkey: — young, eolored, m. 11 | 37-38; 14a186. 3 no unlon. prices un- ehan unchanged. (Nfl butter or lll lllllllu No. 4 white, 35'4-36'¢; sample grade, 341>-35: no rye; barley feed, 55-56 nommal malting, 70-1.02; timothy seed, 6.00-35 per hundred- | weight; clover seed, 12.25-17.25 per hundredweight. Liverpool Wheat Prices. 3 ERPOOL. July 18 ures” closed Rron High. Lo 1.023, 1,02 10it2 1 iz uuka 1.023, 10112 1.0032 K i 07 VACATIONS ANNOUNCED FOR FACTORY WORKERS | / the Associated Pross. NEW YORK, July 18—Sherwin- Williams Co. of Cleveland, manufac- turers of paint and varnish, an- nounced here today that factory work- ers would receive vacations with pay under the same conditions as white collar workers. The holiday plan, made known by George A. Martin, president, was in line with a movement in steel and other industries. Employes with one year of service will get a week's leave, and those con- nected for five years will get two weeks. The company's employes num- ‘ber 2,000. TOBAGCO PRICES UP NEW YORK, July 18 (#).—The stitch average spot price of loose- leaf tobacco for the week ended July 18 increased to 17.3 cents per pound, compared with 17.1 cents in the pre- ceding week. U. S. TREASURY NOTES. (Reported by Chas D. Barney & Co.) et i b RN 1 - o . No. 2 hard, 1.0814-09'2; | (®.—Wheat_ fu- | By private wire direct to The Star. St.ck and Sales— Dividend Rate. Add 00. High. Low. Close. Aero Supply (B)_ 1 3% 3% 3% AfrInvinewar . 1 1 1 1 Alabam Pw pf(7). 20s 79% 79% T79% Allen [ndust (1).. 8 24% 24% 24% Aluminum Co of Ampf (1%) 50s117 117 117 Alum Goods t60c. 1 174 17% 1T% Am Bcvcrnga giee. % B 3 AmCitlesP& L (A) (3) . . 300s 44% Am City P&L (B) 2 6% Am Cynam B60c. 10 26 Am & For Pwww. 2 3% Am G&E (1.40) _. 14 45 Am G&E pf (6) 258112% 1124 Am Laundry(40e) 3 24 23% Am Mfg Co s 30% 30% Am Maracaibo. 1 1% Am Meter Co R 26% Am Superpower_. 16 Ark Nat Gas . = Ark Nat Ga: (A) lg 40s 1% Ark Nat Gas eu ot ArkP&L pf (7). Atlas Corp (a40¢). Atlas Plywood ... Austin Silver Auto Products Auto Vot M(150e). Black & Decke: Bliss Co (E W) Blue Ridge Corp Blue Ridgecv pf 3 Bower Roll B (1) Bridgeport Mach Brown F&WB 1.20 Cable EI Prod-vte Can Marconi rib Svndie: Carman& CoB... Carnation Co (1) Carrier Corp Catalin Corp Cont HG&E vte (80c) Cent&S W Util__ Cent States Eiec | Cent States Elec cv pf (new) Cent fi!u(el Elee 29 0 i 10 0 et 03 O B9 D [ wrom wdemm 508 2! % 508 Chi Flex Shaft t2. 508 Cities Service 45 Cities Service pt City Aut Stpg 60c. Claude Neon Lts | Clev Etec 111u (2) Colon O1] (d) Colt's PF A (1%) Columbia Gas & Elav ev of (55 Com'with Ed (4) Com'with & S war Cemo Mines Compo Shoe Mach st (50c) Consol Alrcraft. | Cons Copper Cons Retat) St Contl Oil (Mex) - Cooper B pfA- Cord Corp Corroon & Reyn Casden Ofl Me ) C'tanlds a23 9-10c Crane & (o Creole Pet (a25c). 10 % | Crocker Wheeler_ | Croft Brewing Crowley M | Cueno Pres | Cusi Mex Mining | Derby O11 & R Derby Ofl&Ref ot Detroit Gasket (1) | Detroit Gasket nf ww (1.20) | Detroit Gray Iron |~ Founary (20e) | Dictosraph(alsc) Dist Ltd a28 1-10¢ Doehler Die Cast Draper C (12.40) Duval Tex Suloh Fastn G&F Asso East'n Gas & Fuel Assoe pf (6) Eastn Sta Pw (A) Elec Bond&Share Flec BA&Sh pf(6) | E1 Pwr Asso (A)-. | Elec Pwr & Lt opt! war Emp Dis Elec pl Eauity Corp Svans Wall Lesd ? Ex-Cell-0 Afr & Transp (alic Falrchila Aviat'n Faistaff Brewery Ferro Enamel (1) ek Hubber Fisk Rubber pf Flintkote Co (1) Fla P& L pf Ford Motor Ltd (al15 1-10¢) en Allovs Gen Gas & Elee cv pt (B) Gen Invest Corn Gen Pub Sy pf t5. 108 | Gen Tel (azbe) 16 Gen Telecvpf (3) 1 Gen Tire & Rub 508 ! Gen T&R pf A (6) 503 9 ! Glen AldenC (1) - 3 Goldrield Consol 5 Grand Nat'l Films 9 | Grand Nat Films Incrights. 4 Grand R Var(6ic) 1 GravTe! PS(1).. 2 Great Al & Pac Tea n-v (16) 308115z | Greenfield T & D 6% | Guardian Invest_. H Gulf 0il (1) 86 Hall Lamp (20¢) - 64 | Hartman Tob 1 | Harvard Brewery 4 1% [ 1 1 2 3 44 2508 107% 1063 106 1114 114 114 8 195 S TTeyayay -~ 1008 13 508 5 1 1 50s 1 1319 184 184 116 6'a R 845 6le 11 an .23 10 TN Y e Hecla Min (60c) Hollinger G (165¢) Holophane (a25c). riudson BM&S(1) Humble Of1 (1} _. Huyler’s of Del 11 Pw&Lt $6 of | tmp O11 Lta | eoupon (t50¢) [ | Imp TobGtB&1 | (as12-5¢) { Indian Territory Tlum Ofl (A) Indiana Svc 6% pf 108 ins Coof N Am(2) 50s intl Products intl Util (B) Intl Vitamin t40c. Ital Superpwr(A) | Jonas & Naum - | Kings Co Light pf (B) (7) Lakey Fy & Mach Lehigh C&N(30¢) Leonard Ofl Lockheed Alrcraft Lone-Star Gas 40c Long Island Light La Land (40¢) Lucky T (t12¢)... Lynch Corp (2. McWms Dredg(4) 50s Margay Oil Marion Steam Sh Masonite Corp (t1 5 Massey-Harris Mercantile Stores | Merch & Mfrs(A | MidI St Pet-vie A Midvale Co (2)__. Mohawk H 2d pf_ lSBl Molybdenum Corp Montreal H Lt & | Pwray) | Moore Dist (t50¢) Mount Prod (60c) Mueller Br: 0e Nat Bella Hess __ Nat Bd & Sh (11). Nat Fuel Gas (1) Nat Gypsum (A)- Nat Investors. Nat Leather. at P & L of (6) t Rubber Mach 1008 » EYorer e P E TR AT R e Bowun o o RS an 2 % @ N7 Zine (12) Newmont Min m '\'§ 3 8 758125 122 125 Niag Hud Pwr 19 13% 3% Niagara Hudson Pwr (A) wa Niles-Bem-P as0e Nipissing (as0c) . North Am L & P North AmL&P of Nor Cen Tex bl0e North'n-Euro O1] North Pipe L(30¢) Nor States Power A (a25c) % 36% 2% 4% 544 6 6 & & 7 8 2 4 2 508 b ] 2 2 23 30 30 | ORto 01l cu pf (6) 1109% 109% 109% Okla NatG Copf 200s31 31 81 Oldetyme Distil_. 1 6% 64 64| Outboard Mot (A) 8 184 15 15% FINANCIAL. *¥ A—13 NEW YORK CURB MARKET CHANGING RESERVE LAID TO TREASURY 5% Stock and Sales— Dividend Rate. Add 00. High. Low. Close Ontboard Motor B 1 1% 1% 1% Overseas Seca2e. 1 6% 6% 6y PacificG&E 1stpf (13%) . 5 32% 32% a2% Pac Light'g pf (6) 258106'5 106% 106'% Pan-Am Alr (1).. 3 57 56% 57 Pantepec Of1 27T 5% 5% Pennroad (b20e). 7 4% 4% 4% Penn P&L pf (7).. 108110'; 1105 110% Phoenix Secur 1 6% 6% 6% Ple Bakeries(60c) 8 14 13% 13% Pitney Bowes PM (3Ze) Pitts B&LE (1%) 258 Pitts& L E (123%) 208 Plough, Inc (1.20) 1 Potrero Sugar 3 Powdrell & Alex . 1 Premier Gold 1120 Producers Roy 1 Prudentfal Invest 1 Pub Sve Ind pf 10s Pub Sve ind prof 40s Pug S PEL $5 pf 5 25s Puget Sound Pwr & Lt 36 of Byrene Mfg(a20c) 1 7 Quaker Oats (14) 2081237 Quebec Power (1) 258 16% Rainbow Lum (A) 5 % Rainbow Lum (B) § 4 Raym’d C pfaTic 258 30« Rea Bank = 9 Reynolds invest 26 Root Pet'm(a25c). 1615 Royal Typewriter 67% Rustless Ir & St 5% 83 & 40 2915 57 84 2505 40% Saf Car H&L (4). St Antnony Gold 3 St Regls Paper 8 St Regts Paper pf 450s Salt Creek P(80c) 1 Schiff (The)Co(2) ! Seiected indus SelIndallcfa bl ”00. Seton Leather Shattuck Den Mir 1 T4 Sherwin-Will (4). 1008137 Sonotone «(ade) ... 3 24 Squhre D Co Df A (2 zonoo. Stand Brewing __ Stand Inv vu b __ 50- Stana 011 Ky (1) 1 Stand Oil (0)a25 . Stand SU&L (ale) 2 Stinnes (Hugo. 508 5 3% | Stroock & Co aTic 200s Stutz Motor ullivan Machine. Sunray 011 | Sunshine Min (2) | Swiss Oil (120c) . | TaggariCorp Tasteyeast(Del)A | Technicolor Inc Teck Hughes 140c Tenn Products lexas Gulf Prod | Texon U & L (60c) Tob Prod Ex(10¢) Irans-Luz Daylite Pie Sn (20¢) Tung-Sol Li | Twin Coach( Unexcelied Mfg ._ Union Gas of Canada (a10c) Unit Corp war Unit Gas Corp .. Unit Gas C war Unit Gas Corp pt Unit Lt & Pw (A) Unit Lt & Pw (B) Unit Lt & Pw ot _ United Molasses Ltd (a1 2-3e) United Shipyds, B | US & int secur US& Int i Secur ww $1% us es pt Unit Verde Ex(1) Jnii Wali vaner Utah Power & Lt Df (3233 1-3)_ 1s? | Gul Pwr & Lt Utit Pwr & Lt pt Utility Equities Uttty & Lndus pf Venezueia Petrol . \Waco Alrcraft | Wayne Pump W Va Coal & Coke Wes Suppl Wiison-Jones Wolverine Pori C : 3 Wright Harg t40e 8 8% dena rate tn dollars based op isst or semi-annual pasment TAccumulatea bPaid 29w, NEW YORK BANK STOCKS (NEW YORK. Juls ritr Dealers’ Ass on 18 —New ociati York & Tr ) FEDERAL LAND BANKS NEW YORK. Julv 18 (& —Federsl Land Wide Fluctuations Shown Prior to Order Reducing Volume. By tre Associated Press. The Federal Reserve Board last night attributed wide fluctuations in excess bank reserves, prior to its order reducing their volume, to the financial operations of the Treasury. In its monthly bulletif, it said thas huge Government deposits in the Fede eral Reserve banks, withdrawn to pay the soldiers’ bonus, were flowing thence into the commercial banks to | swell their reserve accounts. (Excess reserves are funds deposited with the Reserve banks by the come mercial banks over and above a speci« fied percentage of their own deposits, which under the law they are forbide den to touch. The excess constitute: generally speaking, the basis of t money and credit market.) Moves To Save Credit. To avoid an “injurious expansion of credit,”” the board this week ordered 2 50 per cent increase in reserve ree quirements, thus removing an estie mated $1,400,000,000—capable of mule tiplification into 10 times that amount of credit—from the money market, At that time it cited the tremendous flow of imported gold as the major factor in increasing excess reserves, Going into the background, the bulles tin last night said that, while, for a time, the Treasury’s new practice of depdsiting large amounts in the Ree serve banks, rather than the commere cial banks, had reduced reserves, the situation had been reversed in recent weeks. “Member bank reserve balances, which increased in May and the first half of June largely in reflection of gold imports, were sharply reduced in the third week of June as a result of Treasury fiscal operations,” the board said “They increased again in the last half of the month as the Treasury paid out a large amount from its | accumulated balances in cashing ade Jjusted service bonds. “Excess reserves declined from ® total of nearly $3,000,000,000 on June 10 to about $2,000,000.000 on June 17, the smallest amount for over a yea By the end of the month, they had n to $2,700,000,000.” Maintained Large Balance. The Board then said that for seve eral months the Treasury has maine tained a large working balance of cash on hand, with deposits of much more than usual size in the Reserve banks. This, it added, for a time kept excess reserves at a lower level than would have been the case if the money had been deposited in commercial banks. The June 15 financing also reduced reserves, the board noted, with the Treasury selling $1.100,000,000 of new bonds In bor other about the last half of June, however, payments of $800,000,000 and Treasury expenditures brought a decline of $700,000,000 in t deposits with the Ree ., while money in circula« tion increased by $250,000,000 as the bonus money reached the veterans and was spent by them. CHICAGO LIVE STOCK. {ICAGO. July 18 (P (U. 8. Dept. Af 400 es. 100. compared week. Fod steers and yearlings. 25« supply abridge- late —Ca day ias er but vealers 1.00- R.000 Nor: Dractical oD, B a0 dnm yearling heif~ of week's -n.v sharp_downturn re- d classes mostly 30-75 tely’ sorted: range throwou feeders, €.15: native thro 7: best ewes early in week. 4 50. uding 5000 direct 110 pounds, 210 and down: shippers took compared 0 pounds and heavier weights and 8 (P —Whea reports of d Manitoba wh d_unfavorable an crop and weather reports. closed siightly lower: scattered » | realizing 2nd hedging was met with trade were light. ‘Paris - Closed First Mortcace Loans District of Columbia, Nearby Maryland and Virginia Homes Apartments 5% Business Properties Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY NCORPORATED MORTOAGE LOAN CORRESPONDENT J’;w?fl%fluammgpm 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Property Management Automobile Insurance Fire and Automcbile In addition to the companies we represent, give close and careful attention to the proper insurance you Insurance strong we should have for fire and auto- Insurance mobile coverage. B. F. SAUL CO. REAL ESTATE 925 15th St. N.W, Facing McPherson Square National 2100