Evening Star Newspaper, August 18, 1936, Page 18

A—18 wkkskx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., 'TUESDAY, AUGUST 18, 1936. FINANCIAL. D.C.TRADERISES TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE WELL ABOVE 1335 Barometers for 7 Months Show Continuation of Steady Advance. BY DONALD L. HADLEY. All major business indices for Wash- ington maintained wide gains over a year ago during the first seven months of 1936. They also showed large advances over the same 1933 and 1934 periods. Kilowatt hour output for the seven months reached 353,246,605, compared with 317,393,799 in the 1935 months, 282,014,186 in 1934 and 209,320,394 in 1933. Each month so far this year has brought a large increase in number of telephones in use over the same months of the last three years. The July total was 206,371 against 195533 in July, 1935; 182,592 in July, 1934, and 172,827 in July, 1933. Phone Calls Jump. The daily average of originating telephone calls in July was 795.964, compared with 738,826 in July, 1935; 646,272 in July, 1934; 618,164 in July, 1933. Postal receipts for the first seven months of the calendar year totaled $4,107,927, compared with $3702,595 in the 1935 period: $3,272,479 in 1934; $3,434,281 in 1933. Bank clearings in the first seven months totaled $651.229.630, com- pared with $528939.637 in the 1935 period; $419,745836 in 1934, and $353,454,029 in 1933. The department store sales index, using average monthly sales for 1923 as 100, reached 105.2 in July, against 69.7 in July, 1935; 70.7 in July, 1934; 7.8 in July, 1933; 62.7 in July, 1932. Building permits for the seven months totaled $18.701,755, against $11,481.833 in the 1935 period, $4.621,- 740 in 1934 and $4,139,490 in 1933, Real Estate Loans Up. Washingten bankers have been very much pleased by the steady increase in their real estate loans. While no figures for all banks of the city are available at present, it was said the development of this outlet for idle funds has gained substantial momen- tum in the last 60 days. A marked recovery in real estate values and improved market condi- tions were given as major factors in the bank loans increase. It was said | banks previously had been forced to turn down many loan applications be- | cause of the wide disparity between | the owner's valuation or actual in- vestment and the probable market value. The improved market condi- tions have cleared the way for many such applications. Real estate loans have been one of the major outlets for bank funds here and with deposits increasing steadily, their relatively low levels have re- eeived much attention in banking circles. 250 to Go on Cruise. About 250 are expected to go on the second annual moonlight excursion of the Washington Chapter, American Institute of Banking Thursday night. Members of the student body and officers have looked forward to the outing as the major social event of the Summer. The party will leave at 8:30 o'clock on the Wilson Line steamer City of ‘Washington. Robert A. Sisson is chairman of the Entertainment Committee. Summer activity is holding up re- markably well on the Washington Stock Exchange. In today's session Washington Gas 5s of 1958 were quoted at 106% for a $1,000 transac- tion. Washington Railway & Electric 4s brought 10512 on a $500 sale. Five Capital Transit shares were traded at 1612 and six Riggs Bank preferred sold at 103. After the call $1.000 of Anacostia & Potomas Railroad 5s moved at 77%4, 100 shares of the Car- pel Corp. were traded at 23, and 145 of Washington Railway & Electric pre- ferred sold at 110. Special Trains for A. B. A. One of the most extensive special train movements arranged in several years for American Bankers’ Asso- ciation conventions will carry bankers from all parts of the Nation to this year's meeting, which will be held in San Francisco September 21-24, and advance registrations made through the Hotel Committee appointed by San Prancisco bankers are basis for forecasts that the attendance will be the largest in a number of years, it was stated at the association’s head- quarters at New York. Two special trains have been ar- ranged to leave from New York. The New York Central will run a special leaving at 4:45 p.m., Eastern stand- ard time, September 12. The route will be by way of Chicago, St. Paul, Minneapolis, Banff, Lake Louise, Van- couver and Portland, arriving at San Francisco the afternoon of Septem- ber 20. The Pennsylvania has announced & personally conducted tour leaving New York at 4:50 p.m., Eastern stand- ard time, Saturday, September 5. The route of this train is by way of Wash- ington, D. C.; Pittsburgh, Pa.; St. Louis, Mo.; Dallas and San Antonio, Tex. Prom Chicago at 10 p.m., September 16, the “Falltonic” will leave over the Burlington Railroad for the conven- sion. For Missouri and Kansas bankers there has been arranged a joint spe- cial. This train will leave St. Louis the morning of September 16, with stopovers at Denver and Salt Lake City. ‘The Indiana Bankers’ Association *“Golden Gate Special” will leave In- dianapolis September 15 at 6 pm., arriving at San Francisco the after- noon of September 20. Heard in Financial District. George A. Garrett, a resident part- ner of Harriman & Keach, is back at his desk after a weeks’ vacation at Saratoga Springs, N. Y. Maj. Gen. R. P. Davis, co-manager of the Fenner & Beane office, is ex- pected to return this week-end from & vacation at Saranac Lake, N, Y. Frank P. Harman, jr., assistant vice president of the Hamilton National Bank, will leave next Monday for & three weeks’ vacation with his family at Blue Ridge Summit. C. J. Gock- eler, also an assistant vice president of the bank, has just returned from his vacation at Margate, N. J. Donald W. Larson, secretary of the District of Columbia Bankers’ Asso- ciation, will leave Saturday for a trip of about 10 days through New Eng- land States. Arthur Lamar of the trust depart- Prev. High, 13% 35% 28 21% 81% 6l 1036 Stock and Low. Dividend Rate. 9% Adams Exp (a20c) - 17% Adams Millis(a75¢c) 224 Add: 'graph(60c) 14 Adva Rumley .. 58 Air Reduction (11). 2 Air-Way Elec Appli 13 Alaska Jun (160¢)_. 214 Alleg Corp (d) . _. 123 Alleg pf w830w (d). 12% Alleg pf wS40w (d). 12% Alleg pf xw (d) 27 Alleg prof (d) _ % 267 Alleg Steel (11)..-. 245 28% 13% 84 59% 5% 125% 631 6% 58 13614 137% 444 867 583 326 3% 284 334 91ty 407 128% 102 104 150 157 Allied Chem (6) 23 Allfed Mills (IEOG). 6% Allled Stores 69 Allied Stores pf (5). 35% Allis-Chalmers (1). 243 Amal Leather... 75 Amerada Corp ( Am Ag Chm Del(3). Am Bank Note (1) . Am Brake Shoe 1.60 124 Am BrakeSpf5%.. 115% Am Can (14) 30 Am Car & Foundry. 57% Am Car & Fdry pf.. 16% Am Crystal Sugar_ 6's Am & Foreign Pwr. 29% Am & For Pw $7 pf. 5% Am Hide & Leather. 32% Am Hide & L pf (3). 37 Am Home Pr (2.40). 2% Am Ice - 9% Am International. 2314 Am Locomotive 66 Am Locomotive pf_ 21 Am Mach & F (80¢). 10 Am Mch&Met a25c. 27 Am Metal ... 74 Am Power & Light_ 36% Am P&L $5 pf(2%). 43 Am P&L $6pf (3) - 18% Am Radiator(al5c). 23% Am Rolling M(1.20) 18 Am Seating__ 25% Am Shipbldg (2) 564 Am Smelt&Ref (2). 20'; Am Steel Foundry_. 107% Am Stl F 26 Am Stor 48 Am Sugar (2) _ 20% Am Sumatra Tob tl 14913 Am Tel & Teleg (3). 87 Am Tobacco (5) .- 8815 Am Tobacco B (5)_. 136 Am Tobacco pf (6) #'x Am Type Founders. 19'% Am Wat Wksa2tc .. 7% Am Woolen 543 Am Woolen pf(i3 315 Am Zine & Lead 44 Am Zinc & Lead pf_. 24 Am Zine & L prpf_. 28 Anaconda (ab0c) _. 35 Anaconda Wire(2)_ 15's Anchor Cap (6Uc) 37 Archer-Dan-Mallg 41054 Armour Del pf (%) 125 2 20% 20 26 105 164% 31% 4% Armour (1llinois) . 661 Arm’r(111)pr pf (6). 107'> Armour (111)pf(13) 47w Armstrong C (1%)- 81y Artloom Corp _ 95 Artloom pf (17) 12% Asso Dry Goods. 98 AssoDG2dpf__ 59 Atch To& S Fea2 90% Atch To&S Fe pf(5) 21% Atlantic Coast Line 11 AtlGulf & W Ind 1315 Atl Gulf&W Ind pf_ 26% Atlantic Ref (1) Powder pf (6) Task (ab0c) 26% Auburn Auto 5% Austin Nichols 4% Aviation Corp (Del) 2'3 Baldwin Loco (d) 291 Baldwin Loco pf(d) 2% Baldwin Loasd(d). 157 Baltimore & Ohio 21 Baltimore & Oh pf_. 417 Bang & Aroos (2%) 1124 Bang & Aroos pf(7) 13% Barker Brothers __ 145 Barnsdall Oll (80c) 18 Beatrice Cream (1) 101 Beatrice pf ww (5). 13'% Belding-Hem (1) _ 213 Bendix Aviat'n (al) 20 Beneficial L (t1%) 45% Beth Steel ____ 1615 Beth St1 5% pf(1 23 Bigelow-San (1) - 1413 Blaw-Knox (40c) 167y Boeing Airplane __. 44 Bohn Alum&Br (3). 39 Bon Ami (B) (2%). 25% Borden Co (1.60) ... 64 Borg-Warner (3).. 6 Boston & Maine ___ 12'4 Bridgep't Brass 40c. 43Y% Brigzs Mfg (12) _- 40y Bklyn-Man Tr (3) .. 413 Bklyn & Queens _ 2315 BKlyn & Q pf (13) . 4415 BKlyn Un Gas (3) __ 8% Brunswick-Balk 873 Bucyrus-Erie 91» Budd (E G) Mfg 1 Budd 2d pd. Oct16. 85 Budd (EG) Mfg pL. 8% Budd Wheel = 20% Bullard Co (a25¢)-- 1113 Bulova Watch 25 Burr Ad Mch(t60c). 24 Bush Terminal (d). 16 Byers (A M). 22 Byron Jacbkson t1. 30‘4 California Pkg(1%) lahan Zine o Calumet&Hec a25¢- 30 Campbell Wy (11)... 54% Caterpillar Trac(2). 21% Celanese Corp a50c. 54 Celotex Corp pf._ 25% Cent Aguire (11 58 4T% C.mdtPlno“]_. 19% 102% 21 104% 101 86 69% 2% 8% 31% 2% 5% 12 20% 59 8 8 8 30% 11% 124% 19% 86's T 46% 46 122% 106’« 551 112 28% 9% 49 37% 23% 107% 101 45% T4% 108 82% 123 109 T 20% 6% 15% 11% 1% 26% 19% 2% 881 8T% 24% 46 4 8% Certain-teed Prod .. 80' Certain-teed 7% pf- 19 ChampPap&F (1). Champ Paper pf(6). 59 Chesapeake Corp(3) 51 Ches & Ohlo (2.80)_ 1% Chi Grt West (d)__. 4 ChiGrt W pf (d) 25% Chi Mail Ord(t1% ). 1% Chi Mil St P&P (d). 2% Chi M St P&P pf (d) 6% Chi & N W pf (d)__. 121 Chi Pneumatic Tool 40% Chi Pneu Tool pf. 1% Chi R 1&Pae (d) 3% Chi RI&P 6% pf td) 31 Chi R 1&P 7% pf(d) 20 Chickasha CO (2) 7 ChildsCo 8514 Chrysler (28%) 15% City Ice & Fuel (2)_ 7274 City Ice&F pf (6%) 4% City Stores . 23% Clark Equip (1. 20)- 33 Clev Graph Br (t1). 84 Coca-Cola (2)_ - 13 Colgate-P-P (50c) __ 100 Colgate-P-P pf (6).- 39% Collins & Ak +2___. 107% Collins & Aik pf (7) 8% Colonial Beacon ... 35 Colo Fuel & Ir (d) 24 ColoF&1pf(d) - 19% Colo & South 1st pf. 14 Columb G&B (a20c) 901 Col G & E pfA (6)_. 80% Col G & B pf (5) __. 31 Colum Pict vte (1) 44 Comel Credit (3) _. 100% Comcl Credit pf 4 55 Comcl Inv Tr $3. 00 110% Comel I T ev pf 97 Comcl In T pf (Ht) 14% Comel Solv (60c) . 2% Comw & Southern_.. 59% Comw & Sou pf (3). 7 Conde Nast Pub 30% Congoleum-N(1.60). 16 Congress Cgr (b2)._. 16 ConnR&Lpf. 8 Consol Cigar 2% Con C pr pf ww 6% 65% Consol Cigar pt (7 27% Consol Edison (2) .. 102 Consol Ed NY pf(6) 4% Consol Film o 15% Cons Film pf (31).. 3% Consol Laundries._.. 11% Consol Oil (60c) 6% ConsolR R Cuba pf_ % Consol Textile (d).. 15% Container Corp (1), 10% Contl Baking (A)... 1% Contl Baking (B)__. 67% Cont! Baking of (4) 67 Contl Can (3) 17% Contl Dia Fibre(2). 35% Contl Insur (11.20). 2% Contl Motors .. 28% Contl Oil of Del fl) 65% Corn PM Ref (3)-. 4 Coty 35 cruu or Wh (3)__. 15% Crosley Rad (a50e). 43% Crown C& 8 (2) .. 46% Crown C&S ww 2%. By Private Wire Direct to The Btar. Bales— 13% 193 26% 2 100% 100 2 52% b2 2 38% 38% 2 57% 57 30s 136% 136% 16 121 120 15 42% AN~ uman©a REE F ¥ 3 4t 4| ¥ 5§ e varsBcrnedammme Brmam & » © Y 8 [P S1=1 JOTDISPAV- JURH. PRV IeTeDY T4+ L4+ 41 44141 + 1+ ll+i:ll* SEEEEE Frirrrry sicy ¥ L+414+ 44+ 1 ++ ® FrEeesery @S- I++++1 - { Gl o ) FREL FEF FRr¥EE ¥5 a 5000 i 9 et 1t N N0 e 00 - o S & 2116 115% 12 13% 13% 3 101% 101% 11 53% 52% 110s 111 111 108 27% 27% 6 6 5% 80s 28% 28 108 29% 29% 70 21 20% 1106 106 40s 101 100 3 39% 39% 39% + % 10 2% T2 T2% + % 2 106% 106% 106% + % 20 78 1% TTh + % 10 116% 115% 116% ~+1 1116% 116% 116% + % 18 16% 16 16 3% — % 17'4 5% 12% 7 % 20% 17 1% 881 68 21 39% 2% l'lk % 5% 12% + % % + % % 20% + % 17 + % 1% — % 88% — % 68% — % 21 —-% 3% ~ % 2% 31% 814 + % 6% 4% —1% 5 . & 36% 36% 28% 304 +2% 61% 63% +2% i Prev. 1036 Net |High Add 00. High. Low. Close. Chge. 13% 13% 52 23% Btock and Low. 7% Crown Zelleb'k vte.. 28 Crucible Steel...... 1% Cuba Co. - ——eeeo. 10% Cuba RR pt.-.,._ 6% Cuban-Am Sugar... 63% Cuban Am Sug pf-. 16% Curtis Publishing.. 4 Curtiss Wright..__. 10% Curtiss Wright (A). 7% Davega Stores 130c. 52 Deere&Co - 27 Deere & Co pf $1.40. 19% Deisel-Wem-G tb0c. 36% Delaware & Hudson 14% Del Lack & West . __ 153 128 Detroit Edison (t4) 40% 34% 611y T9% 18% 33 Diamond Mtch t13%. 184% Dist Corp Seag Ltd. 41% Dome Mines (12) . 50% Douglass Afrcraft_. 13% Duplan Silk (1) 167% 133 Du Pont de N 13.60. 133% 129 Du Pont deb (6) 25 9% 13 Durham Hosiery pf. 51 Eastern Roll Mills_. 185 156 Eastman Kod (15)._ 166 152 Eastman Kod pf(6). 37 10% 44% 114 119% Elec Auto L pt (7). 17% 116 10514 48% 45 320 11% 4Tl 383 398, 35% 5 184 2814 Eaton Mfg (2) . 5% Eitington-Schild ._. 30% Klec Aato L 11.20__ 10 Electric Boat. 5% Elec&Mus In(b24c). 6% Elec Pw & Lt_ 294 Elec Pw & Lt $6 32% Elec Pw & Lt $7 pf_ 42% Elec Stor Bat (12)_ 14 Elk Horn Coal (d) . 1% Elk Horn C pf (d) .. 5314 Endicott-John (3).. 1115 Endicott-J pf (5) ._. 5% Equit Office Balle. 11 ErieRR 16 Erie R R 1st pt 12 Eureka Vac C (80c) 23% Kvans Products (1) 2% Fairbanks Co 814 Fairbanks Co p: 34% Fairbanks Morse __ 31% Fajardo Sugar (2)_. 18% Federal Lt & Trac . 7% Federal Mot Tr 40c. 3 Fed Screw Works__ 215 Fed Water Sve (A). 2013 Fed'd Dept St al% - 38 Fid Phoe F 1 (11.20) 247 Firestone T&R 1.20. 1003 Firestone pf A (6) _ 40 First Nat Strs (2%) 32% Flintkote Co (1) .. 25's Florsheim(A) (t1). 414 Follansbee Bros (d) 32 Food Machine (1) - 241 Foster- Wheeler '!fll. Fourth Nat Ial.45_ 'y Freeport-Tex 4 1 Fuller Co pr pf.. 3% Gabriel Co (A) 11'y Gamewell Co 813 Gen Am Investor: 42\ Gen Am Trans 1% _. 21 Gen Asphalt (b25c). 10% Gen Baking (60¢)_. 713 Gen Bronz: 5% Gen Cable 17 Gen Cable A 70'; Gen Cable pf_ 5213 Gen Cigar (14) 3413 Gen Electric (1) 33% Gen Foods s Gen Gas & 14 Gen G&E 6%cv pfA BR Gen Mills (3) ____ 5374 Gen Motors (12) g = 118 Gen Motors pf (5)_. 1154 119 447 116 224 37% 33 12% 57 57n 17% 185% 56% 90% 160 5% 8 54% ™% 4 45 5% Gen Outdoors Adv._. 18% Gen Outdoor Adv A. 105 Gen Print Ink pf(6) 3215 Gen Ry Signal (1) _. 2 Gen Realtv & Util _ 26'3 Gen Real&U pf ww. 33% Gen Refrac (1) . _. 17 Gen Theatre Equip. 30% Gen Time Instr'm’t. 13% Gillette Saf Raz (1) 6% Gimbel Bros. . 69 Gimbel Bros pf(a2). 39% Glidden Co (2) 52! Glidden ev pf(2%)- 37y Gobel (Adolf) 67 Goebel Brew (t20¢) 12% Gold Dust vte (60c) 13% Goodrich (B F) 78 Goodrich (B F) pf.. 21% Goodyear T & R .. 87 Goodyear $7 pf (4) - 815 Gotham Silk Hose_. 2 Graham-Paige 1% Granby (2d stpd) . 3t Grand Union ctfs _. 2813 Grant (W T) (1.40) 321 Grt Northernpf___. 16 Grt North'n Ore (1) 31 Grt West Sug (2.40) 22 Green (H L)Co(t1) 48% Greyhound C'p 3.20. 1% Guantanamo Sugar 24 Guantanamo Sug pf 30% Gulf Mobile & N pt. 33 Hack WpfA (1%). 4 Hall(WF) Printing. 30 Harbison Walk(2) . 12 Hat Corp of Am (A) 4% Hayes Body. . - 84 Hercules Pow (5) - 10R Hershey C pf (14)_. 301 Holland Furnace __ 108 Holland Furn pf(5) 9 Hollander (t50¢)... 19% Holly Sugar (2) 22% Houd-Hersh B(1%) 6% Houston Ofl vte__. 48% Howe Sound (13) 314 Hudson & Manhat__ 813 Hudson & Man pf__. 13! Hudson Motor Car.. 1 Hupp Moiors 18% I1linots Central 30 Illinols Cent pf (A). 25% Indus Rayon (1.68). 88% Inland Steel (3)___. 614 Inspiration Copper— 5% Ins Sh Md ctfalfc_ 1114 Interboro R T (d) - 2'4 Intercontl Rubber.. 9% Interlake Iron_ 160 Int Bus Mach (t 3514 Int Cement (1%) - 565 Int Harvester 2% 14814 Int Harvester pf(7) 2% int Hydro Elec (A). 415 Int Mercantile Mar. 43% Intl Nickel (1.40)__. 3% Int Paper & Pw (A) 21 Int Paper & Pw (B). 2014 Int Paper & Pw pf _. 107 Int Print Ink pf(6) 19% Int Rwy Cent A pf_. 82 Int Dept Strs pl(1). 24% Island Creek (2).. 581 Jewel Tea (14)___ 88 Johns-Manville t2_. 75% Jones&Laugh 1% pf 39% Kalamazoo Stove 1. 18 Kans City Southern. 19% Kans City South pf_ 17 Kaufman Dep S (1) 25 Kayser (J) (al¥).-. 20 Kelsey-Hayes (A).. 14% Kelvinator (150¢) .. 28Y% Kennecott C (1.20) 17% Keystone S&W (2)_ 30 Kinney (G R) pf. 20% Kresge (S 8) (11).. 66 Kre 19% Krog: 32 Laclede Gas St L pf 15% Lambert Co (2) __ 15% Leh Port Cmt a25c.. 94% Lehigh Por C pt (4) 2 Lehigh Valley Coal. 9% Lehigh Val Coal pf. 81 Lehigh Valley R R 89 Lehman Corp (13). 12 Lehn & Fink (1%)— 3714 Lerner Stores (2)__ 47% Libby-Qw Gl(a2%). 7 Libby McNeill & L. 25 Life Saver (1.60) . 19 Lily Tulip Cup(13%) 86 Link Belt (11.20)__. 82% Liquid Carb(1.60)_. 58% 43 Loew'sIno (12).... 26% 151 51% 2 Loftinc _._.. 21% Lorillard (P)(lil 142 Lorillard (P) pf(7). 13 LaOfl Ref pf (d)._ 20 Louisv GEEpIA 1% 57% Lou & Nash (a434)_ 22% Ludlum Steel (1) .. 36 MacAnd & For (2).. 29 McCail Corp (2) e 12% McCrory Stores. 9% 39% Mclntyre Porcu (2) 85 McKeesp't T P (14). 8% McKesson & Rob 37% McKess&Rob pf(3, 11% McLellan Stores_... 27% Mack Truck (1).__. 40% Macy (R H) Co (3). 2% 814 Marine Midld (40¢). 18% Market St Ry pr pf. 9 s 8 b} OTOTOPSIRS- S PPN JAS =3 2 1 2108 - w8 e pESeRBumnnns 5 e ?‘Ns. - DD ON N { - EEI E LI T LT Y D> e Dividend Rate. Mdl): High. la' Close. Chge. 6% + 18% + 64 + 16 2% + 29 — SEFFPF 24% + EFEEEENF 14% 157% 159 +2 129% 129% + % 15% 16% + % 8% 8% — % 177% 177% —2% 160% 160% + % 34 34% + M % 9% + W 37 3T + % 113 113 +1% 14% + % 5% 15% + % 0% ~1% T4l —1% P ESEIFEEILIY sre o7 REEE S K ¥ FEFEr 111% 111% 111% 109 109 38% 115 " 21% 36 28% 9 144 50% 3y 11 16 21 + 44 ERFEESISS FEER 22D Prev. 1936 High. Stock and Bales— Low. Dividend Rate. Add 00. ;:% 11% Marshall Field & Co 37% 56% 19 8 2744 Mathieson Alk 1% 43% May Dept Strs (2)—. 12% Mead Corp... .. ... 556% Melville Shos (4)__. 40% Mesta Machine (3). 5% M1 17% Mid-Contl Pet a40c.. 21% Midland 8 Prod (1). 65 Minn-Hon Ros 11%. 6% Minn Moline Pwr__. 14% Mo Kans & Tex pf_. 20% Mohawk Carpet (1) 79 Monsanto Chem(t1) 35% Montg’y Ward 80c__ N @ Suaifanlomnnnan-n=asmaf 28% Motor Products (2) 15/ Motor Wheel (1)___ 11% Mullins Mfg (B) __ 44 Murphy G C (1.60)_ 14 Murray Corp o 43 Myers (FE) (12)__ 15 Nash Motors (1) .. 20% Nashv Chat & St L. 12% Natl Acme (a25c)-. 9% Nat Aviation _ 31'% Nat Biscuit (1.60)._. 21% Nat Cash Reg (50c) 21 Nat Dairy P (1.20) . 112% 108%; Nat Dairy P pf A(7) 15% 10 Nat Dept Stores___. 33% 25% Nat Distillers (2) __ 31% 26% Nat Lead (150c) . 9% Nat Pwr & Lt (60c). 1s Nat Ry Mex 2d pf__ 57% Nat Steel (113) 19% Nat Supply Co.. . T Nat Tea (60c) .. 10% Natomas (t80c) _ 32 Neisner Bros (2) 41 Newberry (JJ) 2.40 9 Newport Industries 324 N Y Airbrake a50c.. 2% NYCentral RR . . 17% N Y Chicago & St L.. 813 36's NY Chi & St L pf. 17% 10% N Y Dock pf __ 2% 1 NY Investors (d).. 5% 8 NYNH&H ) .. 14'¢ TN NYNH& H pf (d) .. 15% 912 N Y Shipbullding. 76 57 N Y Shipbldg pf_ 100 83 N Y Steam pf (6) 300 210 Norfolk& W (18) _ 111% 105 Norfolk&Wn pf(4). 6% North Am Aviation. 2314 North Am Co (1) 237 Northern Pacific __ 50's Northwest Tel (3) 12 Ohto O1l (50¢) . __. 17 Omnibus Corp vte .. 8 Oppenheim Collins_ 241 Otis Elevator (60c). 12!3 Otis Steel 164 128 Owens-I1l Glas ) 17% 13 Pac Am Fisher (1) 9% 313 Pacific Coast. ___. 41 30% PacificG & E (1%). 58% 47% Pacific Ltg (2.40) .. 19% 14% Pacific Mills ______ 130 118 Pacific Tel&Tel (6) 18 11% Pacific W'n Oll b25a 13 67 Packard Mot(a2ic). Panhandle P&R pf_. Paraffine Co (2) _. Paramount Pict. Paramount 18t pf _ Paramount P 2¢d pf. Park & Tilford .. __. 2% Park Utah 40% Parke Davis (a1.35) 23 Parker Rust P13 .. 4's Parmelee Transp't_. 6% Pathe Film Corp. 10's Patino Mines_ 69 Penney (J C) ( 413 Penn Dixle Cement. 28% Penn Dixie C pf A 17 Penna Glass ctfs 281 Penn Railroad (al). Peoples Drug (t1)__ Peoples Gas Chi._. Pet Milk (1) __ 2% Pet C'pof Am a! Pfeiffer Brew ( Phelps Dodge aT5e - Phila Co 6% pf (3). Phila Rap Tr pf (d) Phila & Read C& 1. Phillip Morris (3) _ 4 Phillips Petrol (11) Phoenix Hosiery __ Pierce Petroleum __. Pillsbury Fl (1.60). T'x Pitts Coal Pitts Screw&B 50c_ Pitts Steel pt Pitts & W Va Plymouth Ofl (1) ... Poor & Co (B) Porto R Am Tob A __ Postal Tel&C pf (d) Pressed Stl Car (d) Pressed Stl C pf (d) Proct & Gam (113 ). Pub Sve N J (2.40)_ Pub Sve N J pf (5)_ Pullman Ine (13%)-. Pure Oil PNIE AN 3T% 3 PR ELCE 17 I T P SUPRP AN Pure Oil 8% Purity Bakeries 40a Radio Corp ... Radio Corp pf A a!:. Radio-Kelth-Or (d) R R Sec I1] Cent % Reading (2) 17 Reading 2d pf (2) —— 181 Rem Rand (160¢) ... 415 Reo Motor Car_ 167 Republic Steel ____ 77 Republic Steel pf __ 784 Rep Stl prpf A (6). 24’4 Revere Copper (A). 223 Reynolds Met (1) . 25 Reynolds Spr new_ 59 Reynolds Tob (3) _. 50 Reynolds Tob B (3) 10% Rhine Westphalia_. 1914 Ritter Dental 5% Rutland R R pf. 27 Safeway Stores (2). 108 Safeway Strs pf (6) llu, 110'% Safeway Strs pf (7) 22 St Josepr La (80c). 2% St L-San Fr pf (d) . 37% Schenley Dist a75c_ 13 Schulte Retail Stra. 5315 Scott Paper (1.80) _. 74 Seaboard Air L (d)- 30% Seaboard Oil (1)... 59% Sears Roebuck (2) . 61% Sec Nat Inv pf 12.90 15% Servel, Ine (60c) . 20% Sharon Steel Hoop_. 4% Sharpe & Dohme ___ 11'% Shattuck F G (50¢). 14% Shell Union Oil____. 8% Silver King (40¢) __. 19% Simmons Co (a50c). 315 Simms Petrol SHIRT FACTORY PLANS WEIGHED AT WOODSTOCK ‘WOODSTOCK, Va., August 18 (Special) —The location of a shirt factory in Woodstock, sponsored by a New York company, is being con- sidered by business men. In dis- cussing the subject Herbert Trotter of the Chamber of Commerce stated that the factory would have an an- nual payroll of $75,000 to $100,000. Specifications call for the construc- tion of a building with a floor space of 40,000 square feet, and it was stated that approximately 500 workers would be ultimately employed. _——— SALES TIME EXTENDED. NEW YORK, August 18 (A).— Philip Morris & Co., Ltd., announced today extension of the time for sub- scribing to additional shares of com- mon stock to August 31, as a result of the death of L. B. McKitterick, president. The extension was neces- sitated by the inability of his agents to carry out his instructions for sub- 103,688 subscribed largely repre- Net | Prev, lllh. Low. Close. Chge. | High. Low 14% + % | 31% 8% + % | 105 34% — %W| 72 56% + 1| 28y 14 -1 17 m +1 Th 5T% +2 34% 321 43% 23 42% 11% 8 9% 17% 83 24% 29% 14% 129 13% 9% SEFEFEE F& FESL 1936 Stock and 19% Skelly Of1 65% Sloss-Sheff pf(a3 ‘A 40% Smith (A O). 22 Snider Packing Bales— Dividend Rate. Add 00. 1 27 110- 102 45 23% 12% Socony-Vac O (50¢c)x 3% So Am G & P(a20c). 26 8o Porto R Sug (2). 25 SouthCalEd (1%). 2314 Southern Pacific___.. 12% Southern Railway.. 19 * Southern Ry pf. 6% Spalding (A G) - 63% Spalding(AG)1st pf 5% Sparks- Withington. 67 Spear & Co 3% Spear & Co pf (53). 15% Sperry C'p vte (al). 13% Spicer Mfg.___ 44 Spicer Mfg pf (3) 63 Splegel-May-8 (3)_. 21% Square D Co(B)50e. 14% Stand Brands (80c). 1207 Stand Brands pf(7). 91 Stand Com Tobacco. 51 Stand Gas & El (d) - 9l5 Stand G&E $4 pof (d) 24% Stand G&E 36 pf(d) 26% Stand G&E $7 pf (d) 2 Stand Inv Corp..___. 35% Stand O of Cal (11). 32% Stand Oil of Ind t1. 51% Stand Oilof NJ (11 24% Starrett (L §) 140, 2% Sterling Secur (A) 814 Sterling Secur pf __ 16% Stewart Warn(50c). 3T 630 30 3% 11t 18% 102 27 Pl4+ 444441444 +1% + FEFessLEs High. Low. Olo;l cbn 2 102 45 28% — % FSaFTAS 21% 14% 124 401 6% 15% FEL 118 Sun Oil 27 Superh 6% Sweets 28% Swift L 5% Tennes: 287 Tex: I+ 1+ 4+ e - FEFPFE F OF P 7% Tex Pa - | V44 - SEex 24% Thomp’ e 14% Tide W 10615 100% Tide Wi 21'% 2% 14% 27% 16t P 11 Transa 10% Transu 47, Truax- 7 Trusco 8% Twin C 65% Twin C! 2% Ulen & 74% Unl-El 125'2 Und-El i1% Un Car! 20% United 3 United United United United + United United United United United 1 S Hol USInd U S Pip Ru S Sm U S Sm, U S Ste %) u us © 5 United 50 34 1 Vadsco 30 Vadsco 164 Vanadi Va-Car Walwo + 1915 335, 87 8ia 7219 343, 941y 193, 21% 18% 3k 16 2% 65y 70 448 231 56 47 Wauke & * West'n West'g! Py Wheeli Vi Wilcox Wilson Wilson Worthi Worth Worth o ERESEFETIS 634 Wrigle: 33% Yale & 83 Yellow L4+ 4041+ 1+ ++ 14+ 21% 80 122 9% Approximate Sales 11:00 A M. 00 P.M. - Dividend rates a s Unit of tradmg including extras. % b Paid last year. nized 14% Stone & Webster__. 94 Studebaker Corp 3 Superior O1l. 9% Surerior Steel _ 23 Sutherl'd Paper 20Y% Swift & Co (1) 9% Tex Pac Land Trus 8% The Fair_ = 815 Thermold Co 23% Third Nat Inval.15. 12% Timken Detroit(t1) 56 Timken Roll B (12) 1474 Trans & Westn Air. T'a Tri-Cont Corp a2ic.. 2213 20th Cent Fox Film. 31% 20th Cent Fpf13; 108 Union Pacific (6) . 3 38 — 1 22% Union Tank C 1.20_. 2 5 U 8 Distributing pf. US & For'n Secur_. U S Gypsum (2) U S Hoftman U S Leather vte __. U S Leather A vtc _ S Realty & Imp .. S Rubber U S Steel pf (4) Univ Pict 1st pf Util Pwr & Lt (A) . 41% Youngs'tn Sheet&T 105 Y’gt'n S&T pf 343 39% 11% Zenith Radio _ 5% Zonite Product: 19% 117% 121 121 % 36% 365 4 4 15 33% 9in 2113 32 187% - 11% of (6)_ eater (50c)_. Coof Am ntl Ltd (2) 1'» Symington (d) . 2 2 5% Symington A (d) 144 see Corp % Corp'n (11) 33 Texas Gulf Sul (2)_ cC&O & +1+1+ 'n Prod a3vc. STOCKS ARE FIRM ATEND OF SESSION Leading Steels, Specialties and Motors Register Quiet Recovery. Stock Averages 18 60 Ut Stks +3 +. 523 674 521 673 520 67.7 38.0 480 534 696 434 55.7 44.7 56.1 30 _18 Indus Rails. Net change. -.1Unc. Today, close 89.2 39.0 Prev. day... 89.1 39.0 Month ago. 90.2 389 Year ago. 642 257 1936 high. 920 413 1936 low.... 734 302 1935 high... 763 31.2 1935 low.. 495 185 216 348 1932 low.. 175 8.7 239 169 1929 high...146.9 153.9 134.3 157.7 1927 JOW.... 51.6 953 61.8 61.3 Associated Press Financial Writer, e NEW YORK, August 18.—The stock market went into a slow-speed reversal of its recent declining trend today and leading steels, motors and specialties recorded gains of fractions to a point or more. The turnover of around 800,000 chares was one of the smallest since | the latter part of June. The close was firm. Earnings statements and visions of increased dividends buoyed sentiment. | Some short covering also was in evi- | dence on the theory that a technical rebound at least was due. (Complled by the Associated Press.) BY VICTOR EUBANK, 47y Thompson Starrett. 26 Thompson Star pf __ As50 O 60c. ] at A O pf(6) 104% 10413 2 21% 21% 63% 631 13% 13% 204 19'y 13% 131 10t 10% Tra Coal. 7 7 n Steel = 10e 93 26'% 26 3613 merica t40c. EIRE IR 5 e&Wms 60c_ it h 1013 +13, ity RT ity R T pf. Co -Fish (3) 1-Fish pf(7) hide & C 2.40 + % —1% - & + Aircraft __ 2 - % Air Line vte g 5 United-Carr F 11.20 Corp Corp pf (3)_ = % Elec Coal Eng&F t133. Fruit (3)___ Gas Imp (1) G Imp pf (5) Paperb'd(d) e 111 111 10 4% 13 181y 181 1011 1011, + 1y 15% 143, - 49 49 354 3513 6 1% 5l 100, = 3 Sxnamomwsw-bononnend b ffman pf 2% Alcohol (1). 1 2 e & Fy(1%). fopeTH of - & Ref (a8)_ &R PL (3%)- el bber - walenes Stores (A).. Sales Corp Sales Co pf. um Corp____ Vick Chem (12) Chemical _. Va Iron Coal&Coke.. Walgreen Co (2) __. Walgreen pt (613) Walker (H) (2) _ Walker (H) pf (1) rth Co. .. Ward Baking A Ward Baking B _ Ward Baking pf(!)_ '« Warner Bros Pict - Warner Bros pic pf. Warner-Quin (d) Warren Bros __ sha M(160c). Wesson O&S(150c) West Pa Elec pt (6) Western Maryland . Union (a2)_. h'se A B (1) Westingh'se El (4)_ Westvaco Ch t40c_.. ng Steel .. White Motor _ White Sewing Mch_ White Sew Mch pf. Oil & Gas & Co (50c)_. & Co pf (6). Woolworth (2.40)__ ngton Pump PumppfA__ Pump pf B.. 625 Wright Aero___ y Wir (13).. Towne (60c) Truck 1120 120 - 8 3b's 34% 3513 + 10 Tw 7 7 =% of Stocks on the N. Y. Stock Exchange, 290,000 12:00 Noon. 500,000 2:00 P.M Sales for the day. 790,000 1n the above table are the annual cash oayments based on the latest quarterly or half-yearly declarations. less than 100 share: t Annua) rate—not | Accumulated dividends a Paid this year. d Companies reported in receiversh T Ex dividend i INSURANCE STOCKS NEW YORK. August 18 (#).—New York Security Dealers’ Association: «@ p.m. quotations.) Aetna Cas (2a) Aetna Ins (1.60 Am Equit (1a) Am Ins Newark ('a) Am Reins (3) Lincoln Fire - l'lll Pire (2) Libert; 5y a Nor River (# Ehoenix (24) o,. e rov. wuh re mlnl“a‘ld L2 'ruveun @ 10» 1.801 Wlluhum (1a) a—Also extra or extrat s—Declared or paid zo far this year. e TANK CAR EARNINGS UP. CHICAGO, August 18 (#).—Union Tank Car Co. reported today first six months’ consolidated net income of $821,706, against $607,453 the corre- sdponding 1935 period. This was equivalent to approximately 68 cents per share on the outstanding capital stock, against 56 cents. 4 S3RE2EES2a ngniis WARL DA DIzIA=D 333 TRACTOR NET EARNINGS CONTINUED LAST MONTH by the Assoclated Press. CHICAGO, August 18.—The Cater- pillar Tractor Co. today reported July net profit of $868,059, against $451,550 in July, 1935. $5,049,613, against $2,977,177. First seven months’ net profit was $5,349,150, against $3,359,703, equal to $2.84 per share, compared with $1.78. Net sales totaled $32,803,644, against $21,772,892. For the 12 months ending July 31 net profit totaled $7,938,754, against $4,633513. This was equal to $4.22 |per share, against $2.46. Net sales totaled $47,477,945, agalnst $30,- 481,043, No deductions were made for any amounts which may become due for surtaxes on undistributed earnings. o INVESTMENT COMPARY STOCK INDEX STEADY Steclal Dispatch to The Star NEW YORK, August 18.—The in- vestment companies’ common stock price index remained unchanged last week, as evidenced by the averages compiled by Distributors’ Group, Inc. ‘The average for the common stocks of 10 leading management companies influenced by the leverage factor stood &t 21.66 at the close of August 14, compared with 21.65 on August 7. ‘The average of the mutual funds closed at 16.15 on August 14, compared with 16.37 at the close of the previous week., P Net sales totaled | I A holiday atmosphere prevailed in the board rooms with many customers | off on vacations. There was little re- | lief from the trading apathy through- out the greater part of the session. Shares in demand included United States Steel, Bethlehem, Youngstown Sheet & Tube, General Motors, Chrys- | ler, Montgomery Ward, Industrial | Rayon, Celanese, Loew's, General Realty, Crown Cork, Distillers’ Corp.« Seagrams, Douglas Aircraft, Curtiss- | Wright “A,” J. 1. Case, Deere, Amer= jcan Can, Du Pont, Westinghouse, Standard Oils of New Jersey and Ca | fornia, United States Smelting, Am ican Telephone, Western Union, New | York Central, Chesapeake & Ohio, Electric Boat, New York Shipbuildi American Shipbuilding and Conso! dated Edison. | Santa Fe and Philip Morris wers somewhat heavy and many stocks wers virtually unchanged. NEW YORK COTTON By the Associated Press. NEW YORK, August 18.—With buy- ing restricted by fear of the increas | ing new crop movement, cotton eased | off under comparatively moderate ofe ferings today. ‘| Bullish features in the weather and | crop news failed to stimulate buying, but after showing net losses of about 10 to 20 points, prices rallied partially on covering and trade support. December, after selling off to 11.71, was around 11.75, with the midafter- noon market showing net declines of 11 to 14 points. o P\J!'ms closed barely October 11 | December ™ 31 January s 1 1 1 steady. 12 to 17 Low 1 1 1 1 1 3 . 12.31, Bleachable cottonseed oil futures closed firm. September. 10.42b: Octo- | ber. 10.36; December, 10.32; January, 110.33; March, 10.34, Sales, 151 con- tracts. b—Bid. | Liverpool Quotations. LIVERPOOL. August 18 P.—Cotton 10.000 bales including 1. Americar Spot quiet: prices 1 point t e gLy middling low middline. 6 33 €00d ordinary. .75 October. De- y. 6.19; March, 6.2, o 705 8. | Bood ordin 6.05; [ Fitures closed_easy cember. 6.19: Janu: May, 6.20: July, CHICAGO GRAIN | Br the Asscciated Press. | CHICAGO, August 18.—With pri- | mary receipts of corn shrunk to less than half what they were a week ago, | corn prices shot skyward anew today ‘v.he extreme limit, 4 cents. 5 Scorching temperatures in Towa, the banner corn State, promised to reduce | still further the meager supplies of corn available. At Cedar Rapids the mercury was above 100 degrees. and at Des Moines the official prediction was | for 115 today. Corn closed strong, 1%ga4'y cents above yesterday's finish, September, 1.157ga1.16; December, 1.00%sa’: wheat, lsady advanced, September, 1.13%al.14; December, 1.13a1.134; oats, ® to 1 cent up and provisions showing 2 to 7 cents gain. 44%- 12 4514-8 A46+d67g : 13.40 Chicago Cash Market. Cash wheat, No. 3 red, 1.161;; No. 4 red, garlicky, 1.141;; No. 3 dark, hard, 1.25; No. 1 hard, 1.25!;-26'2; No. 2 hard, 124%: No. 2 mixed, 1.16%. Corn, No. 2 mixed, 1.17; No. 5 mixed, 1.15; No. 1 yellow, 1.171%-18; No. 2 yellow, 1.17-18; No. 3 yellow, 1.17-17'2; No. 4 yellow, 1.16; No. 5 yellow, 1.15":- 3 No. 1 white, 1.31-32; No. 2 white, 1.31-322; No. 3 white, 1.30!3; No. 4 white, 1.27; sample grade, 1.09-16. Oats, No. 1 white, 47%,-48%; No. 2 white, 46-4872; No. 3 white, 44%-46; No. 4 white, 43!3-%; sample grade, 43-44. No rye. Barley, actual sales, 1.28-38; feed, 55-95 nominal; malting, 1.25-40 nominal. Timothy seed..5.9C~ 6.15 cwt.; clover seed, 15.00-22.00 cwt. 1387 MORGAN BIDS IN NOTES. BOSTON, August 18 (#).—State Treasurer Charles F. Hurley announced today the firm of J. P. Morgan & Co. was low bidder on a $6,000,060 issue of State notes, the proceeds of which will be used for relending to cities and towns. The notes, which will mature in a year, will bear an interest rate of 0.305 per cent. ! ) b