Evening Star Newspaper, August 18, 1936, Page 19

FINANCIAL. « UTILITIES CLIMB - ON CURB MARKET Enjoy Special Support in Face of Heaviness of Other Groups. By the Assoctated Press. NEW YORK, August 18.—Utilities enjoyed special support in the Curb market today as they advanced in the face of heaviness in most other groups. Northern States Power “A” was a Jeader, showing a gain of around a point in late trading. American Gas & Electric and Electric Bond & Share were up major fractions. Pepperell Manufacturing, a textile fssue, climbed more than 4 on small dealings. Sherwin-Williams gave up 134 and numerous other trading favorites were off fractions of more. Great Atlantic & Pacific dropped about 3. CURB BONDS Alabam Pw 4! Alabama Pow Alabama Pow 5014 50 e 293 512 10612 10615 07 D6tz 9612 1043, 10434 104% 10418 104 10415 107 107 ot 1018 10113 1013 9i'z 04 I Bingh LH&P Brmngm El 4'A Can No P 5 Carolina P&L Chi Dis El 4155 Chi Ry_5s ctfs Cities Service Cit Srv Gas Cit Srv Gas Ps Com Edis 4s F ' Com_Sub A m & R Florida P&L Gatineau Pw Gatineau Pw t 8 1013 RN1z RRlg 10214 10135 1017, 10434 10474 104% Glen Alden C 4s Grand Tr W 4s Gulf St Ut 5s A Pw & L Ind & Mich E Indlana Ser 5s Indiana S Indnp P& A 4 E S!I A gh P S s 206 Long Isind Lt_fis Manitoba Pw 5125 Mo Pb Nevada C New Eng G&E New Okla P W s Osweso Palls (LA 923, 09 10074 1063 3y 11974 1187, /N7 Stocks and Sales— Acme W vt (2) - 508 Aero Supply (B).. 1 Ainsworth (2) - 1 Ala Pwr pf (6)___ 608 Allied [ntl Inv___. Aluminum Co Alum Goods t60c. Am Beverage Am CitiessP&L (A) (3)__ AmCP&L B (a20c). . Am Cynam B 60c_. 9 Am Equities blse. 2 Am Fork & H (1) .225s Am G&E (1.40) __ Am Gen Cosp Am Laun Mch 60c Am Lt&Tr (1.20)- Am Maracaibo. Am Superpower._ Am Superpower 1stpf (6) _ Anchor Post (d)-. Ark Nat G Ark Nat Gas (A) - Ark Nat Gas cu pf Asso Elec Ind Ltd (a29 7-10c) .- Asso G & Elec.. AssoG&E (A) Asso Rayon Atl Coast Fisher.. Atlas Corp (a80c) Atlas Corp war. Auto Product. Babcock& W1l (1).100s Berkey & Gay Furniture Co. 51 Berkey & Gay Furn pur war. Black & Decker Bliss Co (E W) Blue Ridge Cal0c Blue Ridge cv pf 3 Bohack (HC) ... . Bohack HC 1st pf. | Bower Roll B (1). Bridgeport Mach. Brill Corp pf__ British Columbia Pwr A (1.60) Brown Forman._.. | Brown Forman Dist rts Aug 27. Buffalo Niag & E | Pt (1.60) Bunker H&S t2_.. Butler Bros_ ... Cable & Wire (A). Can Hyd 1stpf 6 . Can Ind Alco (B). Can Marconi Carib Syndicat |Carman&CoB .. 1 Caro L & P pt (7). Carrier Corp - 3 Casco Produet; 1 | CatalinCorp __ = 1 Celanese 18t pf(7) |Cent HG&E vie (80c).__. .. 1 Central Pwr & Lt T% pt (3%) __. 268 |Cent&sSWULI L 1 (Cent Ntates Elsc T Cent States Klec | 6% pf ... . 2008 Charis Corp(1%). 1 Chi Flex Shaft t Citfes Servic Cities Service pf - Cities Service (B) City Aut Stpg 60c. Claude Neon Lts .. Clev Elec Illu (2). Clev Tractor ... ol's PFA (1%). Celumbia Gas & | Elevev ptf (5) Columb O1] & Gas Com'with Eo (4) Com'with & 8 war Communit WatS._ Compo Shoe Mach s t ¢(50¢) Consol Ajreraft.. Consol Copper. Consol Gas of Balto (3.60) Cons Retall St. Consol Retail Stores 8% pf (14) 308 Contl Gas & Elec vrior pf (7) Cont Roll & Steel | Foundry Cooper Bessemer_ Cooper Bess pf A | Conper Range._ Cord Corp__ ... Cosden Oil Me (d) Cosden&Me pf (d) | Crane&Co ... | Creole Pet (a25c). | Crocker W heeler_ | Croft Brewing___ 2 1 ] 1008 2 | Crown Cork 2207 . FT e 22 10215 1007 1003 4 10 West Penn 0 . i West Tex U 58 1' :,"-‘ AL P 56 “Jomiad X . Z107! POREIGN BONDS. 02 07 o [ e 19 xw—Without issued. Santiag ww—With warrants yants. n—New. wi—When P SIAERSS ympaired by _maturity. 4Companies reported in receivership. { SHORT-TERM SECUBITIES. Co) st (Revorted by Chas. D. Barneg & . Tel. & Tel. 5125 19 Afuntic Refining 55 1 H Sl Blinta: & 107% 10312 Penna. R_R. Co. 45 Rio Gr. Western 4s 1 Sou. Pac. of Calif. 5s dium Corp, 55 194 Wabash Rwy. Co. bs 1930°" 102% warner Bros As 1038 _ " 98 West, N. Y. & Pa 5s 1937~ 101% Western Union Tel. 55 1938 105'2 V. S. TREASURY NOTES. (Resorted by Chas. D. Barnes & Co) Maturit Bid. Offer Rt 26-33 100 2303 Dec. B I a‘,A‘ISC . 35" Biar. f 31 o PR PR P FNP 2222232233 bbbt it 2353 bt B 150 TONS OF LEAD SOLD. NEW YORK, August 18 (#).—The §t. Joseph Lead Co. reports that 150 tons of pig lead from Southeast Mis- souri mines were sold yesterday at #4.45 per hundred pounds St. Louls. Intl (A) (1) Crown Drug a20c. | Crystal Oil Ref __ ‘[ Cusi:-Mex Mining_ Darby Petr (50¢) Davenport H (1)_ | Dennison 7% pt.. | Derby Oil & R __ | Detrott Gray tron |~ Foundry (20c) Dictograph(alsc) | Distiliers Ltd (a46 43c) - Doehler Die Cast 3 | Douglas (WL) pt | Driver Harris(1)_ , | Durham Hos (B)_ Duval Tex Sulph_. Eagle Pitcher | lead (alve) - | East'n G&F Asso | East'n Gas & Fuel Assoc pf (6) __ Kastn Sta Pw (A). Eastn Sta Pw (B) Easy Washing Mach (B) t50e Eisler Elec Corp . | Elec Bond&Share Elec Bd&Sh pf(6) El Pwr Associates | Elec Sharehold of ww (13) Ex-Cell-O Aireraft & Tool C (a25c) Fairchild Av new_ Ferro Enamel (1). Fidelio Brewery._. Kisk Rubber. Ford Motor (Can) A (a75e)- Ford Motor (Can) B (a75¢)- Ford Motor Ltd (a18 1-10c. Gen Alloys . Gen Electric Ltd reg (a563ac) . | Gen Firep'f (40c) . Gen Invest Corp_. Gen Out Adv pf__ Gen Pub Sve pf 15 Gen Rayon Ltd A. Gen T&R pf A (6) Glen Alden C (1) - Gorham vtc ex(1). Grani Nat Films_ Great Atl & Pac Tean-v (16) __ Great Northern Paper (1) Greenfield T & D. Groc Store Prod Gulf 0il (1) -= Hall Lamp (a20c) Harvard Brewery. Hazeltine (3) __ Hecla Min (60c) . Hollinger G(165¢) Hudson BM&S (1) Huyler's of Del .. Hygrade 8yl (2).. 11l Pw&Lt 36 of .. Jllum Shrs(A)(2)- 1lmp O1l Ltd eoupon (t50e) .. Imp Oil Ltd reg (L e Indiana Svc 6% of Ind Service 7% pt Ins Coof N Am(32) Int] Hydro Elec Systemecvpf .. Int Mining (60¢) .. Intl Petro (113%)- Intl Utll (B) Intl Vitamin t40c. Interstate Hos(2) Interstate Power (Del) pf 2 Irving Air Ch (1) Jacobs(K L)Co(1) Jonas & Naum . Jones &Laugh Stl. Kansas City Pub Sve vtepf A . Alabam Pw pf (7) la: 80 Alum’'n Co of Am. b0s 13 By Private Wire Direct to Ihe Star. Dividend Rate. Add 00. High. Low. Close. 71 i 1 of Am pf (1%).100s 120 2% % 2% 34 108 100% 14 164 95 508 103 1% 8% 234 2% 23% 16's 31508 6134 < 1 131 120 17% 17% l;'; Lone-Star Gas 40¢c Stocks and Kingsbury Br (d). Kingst'n Praloc.. 44 | Koppers Gas & 3% Coke pf (6) . b5 Kreuger Brew (1) 7035 7034 | J.ake Shore M (4). 80 | Lakey Ky & Mach Leonard Oil Lehigh C&N (30¢). Lion Oll & Ref __ Lockheed Aircraft Long Islana Light Long Island Light “%| pfB(8)__ La Land (40c) 7% | Lynch Corp (2 s | Mangel Stores 21% “ vi§ 25 Massey Harris __ Master Elec (60¢) Memphis N G a20e Mercantile Stores. Mercantile Stor »f (7). Merch & Mfrs (A) Merritt Chap & 8 Mich Gas & Ol . Mich St1 T pf (1) Michigan Sugar pf Middle States Petrol vte (B)_ Midvale Co (2).__ Mining Co (Can) Molybdenum Corp Moore Dist(150c). Mount Prod (60¢) Mueller Brass $0¢ Nachman Spring- fleld (a75¢) - Nat Auto Fibc1l). Nat Bella Hess % 8% ”% 13% 1% 14 143 3 9% Nat Mfrs & Stores Nat P & Lt pf (6) Nat Rubber Mach. Nat Service pf_ . NatSugar NJ (2) Nat Transit (75c) Nat Union Radio_ New Haven Clock N J Zine (12) . New Mex&Ariz Ld Newmont Min (2) N Y Shipbldg. NY Telpf (8% Niag Hud Pwr Niagara Hudson Pwr (B) war Niag Sh MdB a10c Niles-Bem-P as0c. Nipissing (as0e) - Noma Elec (a40c) North AmL&P . )- Nor Am Util Sec . Nor States Pwr A. N W Eng (a25c).. Novadel Ag (2) .. Okla Nat Gas Co.. Oldetyme Distil Outboard Mot (A) Outboard Mot (B) Pacific Gas & Elec 7814 pf (1.37%¢) - 213 | Pacific Ltg pf (8)_ 234 | Pac Tin spec (12) | Pantepec O1l _. .. 231 | Pennroad (b20c) 168y | Penn GEE (A) 1% 114 Penn P& L (6) o3| Ponn P& L () Phoenix Secur __ Phoenix Sec pf A 3 w, | Pie Bakeries(60c) Pines Wintefront Ploneer Gold Mines Ltd (80c) ... - Pitney Bowes 40c. Pleas Val Wine Potrero Sugar Powdrell & Al - Premier Gold t12¢ Producers Royal Prosperity Co (B) Pub S Colo pf (6) Pub Svs Ind pr pf Puget Sound Puget Sound Pwr & Lt 36 of Rainbow Lum (A) Raym’d Concrete Raym'd Concrete pf (a7ie) - Rayethon Mfg .. Red Bank Reed R B new i80c Keiter-Foster . _ Reybarn Co a2ic__ Richfield Oil of Calif pf (d) Root Pet'm(a2ic). Kossia Intl Corp - Russek 5th Av(1) Rustless Ir & Stl.. 50 . 250 1 Mangel Stores pf_ 208 May Hos pf 4 ww_ 2008 1 1 1 1 1 1 kl 2 1 3 L] 1 1 2 s 1 1 1 9 2 2 1 2 1 . 0 . z 2 1 508 12 2 1 1 1 2 14 North AmL&P pf. 4008 508 b0s 27 15 $ 108 - 108 | Pepperell Mfg (6) 3.0 4 3 Pitts & L E t2% ._ 1400 * 1 12 1 3 108 108 P&Lopf (5) . Zbs _. 258 Quaker Oats (14) . 108 Quebec Power (1) 226» 2 Tbs 258 is Paper __ 11 i M| +, | Salt Creek P(80c) 1073 | SChiff(The)Co(3)_ 14 | Sezal Lock & H . 4 2 4 High. 1% o 10634 23 8734 64 NEW YORK CURB MARKET Sales— Dividend Rate. Add 00. Low. Close. 1% 1% M % 10634 10634 2% 22% B7% 574 8% 64 % 9 13% 94 13y < % 9 13 o 1344 o5 9% 1% 4034 874 57% . BUSINESS PICK-U IN CANADA RAPID Economic Recovery of Do- minion Faster Than in United States. Srecial Dispate to The Star OTTAWA, Ontario, August 18— Canada’s economic betterment was maintained at a relatively higher level in recent months than thst of the United States, according to official figures available here. Industrial production in the United States showed marked advance from September to December after having been well maintained during the first eight months of 1935. After receding during the first quarter, & rebound was 3% | recorded in the second. Industrial production in Canada has shown an advancing trend since the early months of 1933. Canada’s index of industrial production in June was 112, compared with 95 as the stand- ing of the index of the United States transterred to the base of 1926. Below are the comparative indices of pro- duction: Canads. U8 INDICES. 1926-100. 1926-100. Industrial production..111.6 25 22 68 26 89 8 Iron and steel. Automobiles . % | Construction ame | Dot 12334 | Po. EI 19 | g 14| Wash Ry. & Elec. pfd. 13! 3538 | Cavita) (4) 4 | Co Car loadings Employment in manu- facturing Washington Exchange SALES. | Washington Gas 5s 1958—$1,000 at 106%. Washington Ry. & Elec. 45—8$500 a‘ 10515, Capital Transit Co.—5 at 16%2. Riggs Bank pfd.—6 at 103. AFTER CALL. Anacostia & Potomac R. R. 55—$1,000 at 77 The C-rp‘»l Corp.—100 at 23. Washington Ry. & Elec. pfd.—145 at 110. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer_Tel & Tel 415 _ 1 & Tel. Col. Tr. s Pot. Bs SEEE Z3533%= S2E23% Wi Gas Wash. Rwy. & Elec. 4s__" _ MISCELLANEOUS. Chevy Chase Club 5’8 = Col. Country Club. 5las 105 W. M. Cold Storage 5s - 100 STOCKS. 106 &1 | Selberling Rubber 43| Selby Shoe (2) 12 | 2234 2 342 | 13 28 | Lo 10 | 62 39 1% e 214 1% 4 2 | Relected indu: Selected Indus allottctfs(5) b0s Seton Leather _ 1 Shattuck Den Min 3 Sherwin-Will (4) 200s Smith Corona vte Sonotone C(alle). Southn Calif Ed pf(C) (1%) - South'n Union Gas Southl'd Roy 40c Spanish&Gen rets Spencer Chain Stores (60c) .. Stand Oil Ky (1) Stand O11 O a2se. Stand Pwr & Lt Stand Sil&Ld a Sterchi Bros 1st pf (3) Sterl’g Brew a23c. Sterling Inc(asc)- Stutz Motor Sullivan Machine. Sunray Oil (a5e) .. Sunshine Min (2). Swan Finch __ Swiss O] (120¢) . Taggart Corp. . Taleott (J) Inc 512% ptpf 2% 1008 Tampa Elec (2.24) 1 Tasteyeast(Del)A Taylor Dist (b5)_. Technicolor Inc _. Tech Hughes 140¢c Texas Gulf Prod .. ™exas O&L (60¢)_ ‘Thermoid Co pf_..15 Tilo Roof, Inc .. ‘Tob Prod Ex(10¢) Tonopah Min (a3) Trans-Lux Daylite Pic 8n (20c) ... Tri-Contl C war . ‘Tubize Chatillion. Tubize Chatl (A)- Tung-Sol Lamp n. Tung Sol Lamp pf (80c) new .. Twin Coach a20c . Un Am Inv (a50c) Tnion Gas of Cana (a22%e¢). Unit Corp war . Unit Gas Corp - Unit Gas C war __ Unit Lt & Pw (A). Unit Lt & Pw pf Unit Profit Share . United Shipyds B. U 8 Foil(B)(60¢c) .- U S & Int Secur 1st of ww 11% U S Play Cards 11150; U 8 Radiator 1 Unit Stores vte. .. Unit Verde Ex (1) 7 Unit Wall Paper_. 40 Univ Products (1) 508 Util Pwr & Lt.. 1 Util Pwr & Lt pf_. 4008 Utility Equities _ 3 Utility Eq pf(3%) 60s Venezuela Petrol_. Voght Mfx Co (1). Walker Mining. Wayne Pump . . Went'w'h Mf 1.20. W Va Coal & Coke Western Auto Supply A (3)...100s ‘Williams Oi1-O- Matic (a25e) . Woodley Pet(40c) 2 Wright Harg t40c 14 Youkon Gold 8 24 Otvidend rate: In dollars based on Isst rterly or semi-annual payment _t An- rate—not g _extras 3 Accu- 8 Pald this yesr, id P fompanies Enmd 4 5 4 3 8 1 3 1 1 3 s £ 1 1 L 4 1 1 s a i | 1] | Am Ins | Broad Bullock” Fund PUBLIC UTILITY. Amer Tel. & Tel (9)_ Capital Transit Co._ W Steamboat (#) Elec. Pow. 6% DI Po. 1 0 Cas ash. Rv. & El @ 11l 55010111 0 Co. (36) 11073 BANK AND TRUST COMPANY Amer. Sec. & Tr. Co_(e%) 3 208 Bank of Bethesda (h.io. a v. & Tr Georses Bx. & Tr. (.30 S (%) Rizes ofd (5, Washineton (8)__ Wash Loan & Tr (%) 2 PIRE INSURANCE, American ($12) __________ 20 Corcoran 151 Piremen's 11.60) _ National Union ( 607 Pr 2i Columbia € Real Estate (6 MISCELLANEOUS. Carpel Corp. (1.60)__ g Lanston Monotype (4) Mergenthaler Linotype rug St. com. (1 Drug §_ofd 6 M. & G.pid. (1 *Ex-dividend 1Plus extras, 1A per cent extra i50c paid May 15. 15. 1936 1936, 50c paid Au- INVESTING COMPANIES NEW YORK. August 18 P.—New York Security Dealers” Association. (Noon quotations.) Admin Pd ?nd Inc . Stocks Basic_Industry St Inv_ Corporate Trust Corporate Trust A" A Group Huron Holding Incorp ‘Inves Inv Tr Investors Fd * Investors Fund of Am Keyston Cust Fund B: or Shrs Corp-. Maryland Fund nvest Tr_ FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Saeeessor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. D. C, TUESDAY, 'AUGUST 18, 1936. CORPORATION| | S|/MMER DEMAND [Businces Feiteres InpATE B DING. REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 18.—The fol- lowing is today’s summary of wrpon-‘ tion news prepared by Standard Sta- tistics Co., Inc., New York: General Motors Corp.—Retail sales of Oldsmobile cars in first 10 days of August totaled 4,195 units, a new all time high for the period; deliveries at retail from January 1 to August 10 amounted to 83,155 cars, & gain of more than 27 per cent over 1935 pe- riod. Timken Detroit Axle Co—~Company resumed dividends on common stock with declaration of & quarterly divi- dend of 25 cents & share, and an extra dividend of 25 cents & share, payable September 31; last previous distribu- tion on common stock was 20 cents a share on April 1, 1931, Chapman Valve Mfg. Co.—Declared a dividend of $7 on 7 per cent pre- ferred stock on account of accumula- tions, payable September 1; on June 1, 1936, a dividend of $3.50 a share was paid on account of arrears; giving effect to current distribution arrears on this issue amounted to $10.50 a share. Scott Paper Co.—Declared a quar- terly dividend of 50 cents on common stock, payable September 15. previ- ously 45 cents a share was paid quar- terly. General Outdoor Advertising Co.— Net income. 6 months ended June 30, was $101,366, equal to $3.57 a pre- ferred share, against deficit of $189,- 298. General Electric Co.—Incandescent lamp department of this company an- 12 large-size lamps. # Westinghouse Electric & Mfg. Co.— Subsidiary, Westinghouse Lamp Co., announced reduction of 20 per cent in prices or. automobile headlight Mazda lamps. effective September 1. Borg-Warner Corp.—8ales of house- hold appliance by Borg-Warner divi- sems for seven months ended July 51 per cent over like 1935 period. Silver King Coalition Mines Co.— Common share earnings, 6 months ended June 30, were 34 cents, against 10 cents. Associates Investment Co.—Declared an initial quarterly dividend of $1.25 on new 5 per cent preferred stock. payable September 30; directors siso declared an extra dividend of 25 cents and regular quarterly dividend of 37'; cents on common steck, payable September 30; the 6210 shares of 7 per cent preferred stock unexchanged June 30, 1936, were called for re- { demption on September 30, 1936 | Glidden Co.—July sales were up ;zu per cent; 9 months up 132 per | cent; net profit in July, 1936, was | $206,729, against $93.190 in July, 1935; | August sales are running about 30 per | cent over same 1935 month Pitney-Bowes Postage ieter Co— | Common share earnings. six raonths | ended June 30, were 26 cents, cpainst 22 cents. Guif Oil Corp.—Texas Board of | Control has awarded rontract to Gulf Refining Co. subsidiary, to -upply State with gasoline and oil at an es- timated price of $1,100.000. | Standard Oil Co. (New Jersey) —It | was stated that transfer «f cwned | service stations to privaie operators by lease or sale is about 80 per cent completed. Cincinnati Street Ry—Common share earnings, 7 months ended .July | 31, were 37 cents, against 19 cents, DIVIDENDS DECLARED NEW YORK August 18 —Dividends d lared iprepared by the Standard Statl tics Corp. Increased. Pe. Btock of P Rate riod. recore. Alexander Baldwin. 6.00 0.5 Sutherland Paper Co__40c Q 9-15 Pitisburgh Pl Glass §1 50 United Elestic Corp __15c Q Extr: California_Ink._._ Holimger Con. Gold Humble O1l & Refin Sutherland Paper Co Res) =1 M Meteor Motor o Victor-Monaghan Co Accumulate Ch:pman Val Mf i of & U'S Rubber Reclaiming K% pr oref e General Teleohone Al- lied Corp $6 pfd_"S1 Regul: Agricultural Tnsur Ala & Vicksburg Alabema Water Serv $6 8-25 7-27 §-20 9-20 oref Canada M: Canada M Light. Heat & Pow 6" pre S350 Q Coast Counties Gas & El S8 15t nref S150 Q Daniels & Fisher Stores pre: Del & Bound Br RR Electrographic Corp 77 Fed Comp & Wareh Great Western Electro- emical 67 oref Monarch Mach Tool New Method Laundry 6'2% §1.62 Paauhau Sugar Plant Petroleum Exvlora Rice-Stix Dry Goods 15t °nd pf § Victor-Monaghan Co P = Vicksburz. Shreveport Pacific Ry Do. pret White Villa Grocers_ Wolvertine Tube Co California ~Ink _ S2 pf. Eile & Pittsburgh R. R. r Guar 87 Hollinger Con. Gold M. Humble Oil & Refin._ 7 Kennecoti_Cop Corp._i0c New Eng Tel & Tel__$1.50 Southern Colorado Pow Co % cum pfd S o OZO D 0O mmm O DO XD 0O O DD First Deed of Trust Notes om Residential Properties AVAILABLE FOR INVESTORS Moss Realty Company ower Slde. Metro. 1776 g s ]NS‘I‘IA.D of you carrying the perplexities of the care of your apartment house and residential properties—let our Property Management Department serve you in that capacity. You will like the service. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans nounced a reduction of more than 10 | per cent in list prices of seven inside | frosted silver bow! Mazda lamps and | |31 totaled 328.848 units, a gain of | for new 5 per cent preferred as of | AIDS WOOL SALES Men’s Clothing Leads Way as Industry Hails Return of Better Times. By the Associated Press. NEW YORK, August 18.—Man's | new found fondness for “air-cooled” trousers 13 helping to keep the wool industry out of its usual SBummer doldrums. A national telegraphic survey by the Associated Woolen Industries, trade organization, revealed average sales of tropical-weight worsted suits are running 50 per cent ahead of last year. P. B. Todd, director of the Asso- clated Woolen Industries, said “the wool industry was one of the first to herald the approach of he‘ter times. Merchandisers this year are finding ready sales for woolen products be- cause of the wide diversity of appeal. ranging from evening Zowns to red flannels.” One large 8t. Louls manufacturer reported May sales of Summer worsteds were 300 per cent greater than in the like 1935 month, snd another said his business ran 40 per cent higher. Raw Material Moves Slower. Increases of more than 100 per cent in May and June over the cor- responding 1935 months were re- ported by stores in Boston, Deroit and Wichita, Kans. Merchandisers in Milwaukee and Kansas City sald the demand for worsteds was “un- usually heavy.” Due to a 15 per cent rise in prices last year, “soured” wool, the raw | material for the mills, 15 moving | somewhat slower than in 1935, when 304,000,000 pounds were sold, the heaviest volume since 1923 and 81.5 per cent more than in 1934 Clothing takes by far the largest | year, and its retail volume is watched | | closely by the industry as a gauge of | future business. | | Most recent figures show men's ”hlmllmenu account for roughly 52 | per cent of toial .pparel class wool | | consumption, while women's wesr | | uses 38 per cent. Roughly, 817 per | | cent is fabricated as upholstery, drape- | | ries and pile fabrics, and the remain- | ing 3'; per cent goes into blankets. | Each class has shown a sustained de- | | mand, trade sources said. | | Half Million Growers. | | The Assoctated Wool Industsies es- | timated more than 140 miles of wool yarn goes into a high quality man’s suit. As indicative of a market far from saturated, however. the trade group estimated that tre total mount !of wool used in men’s apparel last year was not enough io make half a suit per adult male in the United | States. 1 | Sales of womer's wear yroducts have shown a marked upturn in re- | cent months and further improvement | is anticipated by the industry. Iaris | Winter styles inciude woolen dresses for formal wear. | In the undewear ling “woolies” have | already demonstrated their ,opular- | | ity and production of long undergar- | | ments for skiing and other Winter sports is being stepped up, according | to the Associated Woolen Industries. | Women also are said ty be iurning | | more and more to the use of men’s | woolen fabrics for suitings and coat- | ings. There are aporoximately 500,000 ! wool growers in the United States, to- gether with employes of mills, cutting |and tailoring establishments, it is| estimated that close to 5.000.600 per- | sons sre dependent upon wool for a livelihood. 1 | RADICAL CHANGES HIT CHEMICAL MARKETS Bt the Associated Press. In a word of aavice to the vast in- | dustry in chemicals and allied pred- | Department’s market research diwision. | says that “the past five years have | | made radical and far reaching changes | {in the chemical consuming markets {of this country.” The result, he says, | is that the chemical manufacturer must base his activities on “knowledge of the markets for his products, knowl- edge which must be proportionately as accurate as the facts developed by his research chemists.” . NEW YORK PRODUCE. (P —Rutter ry. higher than ex- | score). 35Y: 14190:85: seconds centralized (40 t 283810 firsis (X% o H1 score). 3 X score). 34a3d'e; 425.007; steady, prices un- : irregular: mixed colors tor. special packs 3: s. 251aa7R1a: fir Other mixed colors unchanged. Unlisted Securities Every Market Bought Sold PENNEBAKER- GRAPE & CO - INVESTMENT BANKERS * Tenth Floor, Southern Building BB NAtional 2311 I Quoted the office s disipated? Switch fo & After t hours af " ":n O'M—'Wr Leavbe it's ‘your ehair Harter and find u'.m he Harter Posture To"the “worker by auick Vou can. ralai—your soneds " T rier for seven "'fl"n‘ilfl Call wl Specialists for Records and Equipment FINANCIAL. Again Reach Low Mark of 16 Years By 'he Associated Press. NEW YORK, August 18.—For the week ended August 13 business fail- ures in the United States totaled 149, compared with 145 the week before and 197 in the like 1935 week, Dun & Bradstreet reported today. It was the seventh time this year failures touched the lowest point in 16 years. STEEL PRICE RAISE SEEN AS IMMINENT Advance in Fourth Quarter Based | on Both Labor and Ma- terial Costs. By the Associated Press. NEW YORK, August on the heels of comment in a trade Journal that it was predominantly a “sellers’ market” in steel, Wall Street circles were not particularly surprised to hear that leading producers were | considering another boost in finished prices for the fourth quarter. Steel men have indicated that mar- gins have been shortened by rising production costs affecting both labor and materials. Adoption by a num- ber of the Jarger producers of vacation schedules with pay for mill workers, has been cited as one factor in rais- ing costs. In addition, observers point out, the industry is facing wage increase de- mands from a considerable body of its workers. While these are being considered it is only reasonable to assume, according to trade opinion, that producers will want to bolster | profit levels—just in case it finds it expedient to make any extensive wage adjustments. A fourth quarter advance would be the second boost this year. The lift |at the half year was also dictated by rising costs, but producers were said to have approached the problem with some little apprehension that the rise ever, with little show of resistance. PLATE GLASS DIVIDEND TO BE PAID OCTOBER 1 oY the Associated Press. NEW YORK. August 18.—Directors of Pittsburgh Plate Glass Co. declared share, payable October 1 to stock of record September 10. In preceding quarters the company paid 50 cents a share, FEDERAL LAND BANKS NEW YORK. August 18 uP.—Pederal Land Bank bonds 5 (Noon quotations.) 4l 4las 4'es Jan 45 May. 4 Nov 42 July s Mav. 3" July 3s Jan A5 May Nov. May CARLOADING STATISTICS. NEW YORK August 1% freight carloadings on today for week ended A St Paul___ Chicago & N. W * MK -T 7 *Ore jcadings not Missour| Pacific . RS RUBBER FUTURES. NEW YORK. Ausust 18 tubber futures opened steadv. unchanged to 1_hicher ~September 16.12b: December. 16.24b; March. 16.36b. d. METAL MARKET. YORK. August 1% ® —Cooper + electrolytic, spot and future. 5 . 9 .60a8. steadv: spot d 42008 future. 41.00a Lead Juier; spot. New York. 4 A0a | 411 4 65 East St Louis 445 St. Louis_spot and future. 4 K0 0. Tron. aluminum. antimony, quick- silver and wolframite unchanged. e e BAR SILVER QUOTATIONS. NEW YORK. August 18 (#.—Bar Zinc dull: East Piatinum ucts, O. C. Halleran of the Commerce Silver steady and unchanged at 443, 1886 50th Year BLANK BOOKS STOCKE T D 1936 of Progress 18.—Coming P —Revenue | ) —Crude | *uxxx A—19 | HELD FUTURE KEY Capital Goods Industries Watch Trends for Fur- ther Recovery. By the Associated Press. NEW YORK, August 18.—Confdent that the Nation's construction pro- gram holds the key to their fortunes, leaders of the important capital goods industries are studying its currents | And trends for signs of the long-her- | alded revival in residential butlding, Their interest has been lifted to a high pitch by fresh surveys which buttress claims of housing shortage with an impressive array of statistics, One comes from J. R. Ridgway, | president of Investors' Syndicate, of 5M|nnenpnlu. mortgage financing cone | cern with far-flung operations. It is }mdltfid with the author's vpinion | that “the United States today faces the severest housing shortage of the {century if home building is not speeded up.” Covered 310 Cities. His research covered new housing in 310 cities in 41 States and District of Columbia, containing a little more than one-third of the Nation's pop- | ulation. It asserted that in the cities studied “new housing was provided for 519.193 | persons in 1930 and only 237.896 per< ! sons last year. Value of such homes | In these cities, according to building permita filed, in 1930 aggregated $389.- 748.458_ against $221.439.034 in 1935." ‘The latest monthly survey of busie | neas by the American Federation of | Labor expresses similar views. A high ilrv-] of private building is in prospect | for the next two or three years. it | said, because of rising rents and vai- ues, cheaper mortgage money Ccokts and a “serious shortage” of housing, Was Aid to Britain, Pointing out that housing constrice amount of wool procuced, consuming | ht e a contrac | Vi I u 9 might caus: col tion in buying. | tion was the major influence in puils $1.500.000,000 of the raw product last | Consumers appeared to take it, hc“_' ing England out of the depression, economists have recorded their belief that an extensive movemen' here | could be expected to cure or greatly | ease most of the maladjustment still | hanging over from the depression. | In this connection it has been | claimed that unemployment traceabls ! to the relatively slow pace of recovery ! in the capital goods industries would | today a dividend of $1.50 a common | be considerably lessened with a broad revival in building. NEW YORK BANK STOCKS NEW YORK. Augurt 1% P —New York Security Dealers Association { 2 p.m. auetations) | Bk of Man (1'2)_ | Bankers Tr | Title G & a—Also exira or ex For | CONSTRUCTION LOANS and LOANS O IMPROVED PROPERTY in the District of Columbia, Nearby Maryland | and Virginia 5%2% Promps Action B. F. SAUL CO. 925 15th Street Natl. 2100 CLIENT-BROKER RELATIONSHIP Many people cannot conceive of the existence of a truly “personal” relationship between a large business enter- rise covering many states and its individual customers. et, in the brokerage business this personal relationship not only exists but is actually a necessity. @Mass produc- tion methods provide efficient handling behind the scenes, but at the point of contact with the customer, nothing will ever replace the friendly personal discus- sions which for generations have characterized client- broker relationships. FENNER & BEANE Members New York Stock Exchange and other lrading Exchange Southern Bldg., 15th & H Streets N.W. HOME National 7000 LOANS To Build or Refinance Interest as low as 3 % Easy Monthly Payments as low as $7.50 per $1,000 YOUR SAVINGS HERE are protected by Federal Insurance up to $5,000 COLUMBIA BUILDING ASSOCIATION 716 11th Street Opposite Palais Royal