Evening Star Newspaper, June 28, 1937, Page 17

¥ RAILROAD BONDS " TURN DOWNWARD Take Lead in Quiet Drop. Government Obligations Under Pressure. Bond Averages 20 10 10 10 Rails. Indust. Util. F'en Net change. —4Unc. —.1 1 9151025 964 9191025 96.5 93.01039 985 92.1 102.9 102.0 99.010441028 9191024 965 98.2 104.4 103.1 86.8101.8 99.3 67.6 458 400 646 422 -101.1 98.9102.9 100.5 10 Low-Yield Bonds. Necon ....110.4 Prev. day-110.3 Month ago 110.6 Year ago.111.8 1937 high. 1137 1937 low_. 108.4 1936 high_ 113.5 1936 low.. 110.2 ~] 1928 high. 104.4 1932 low.. 86.8 72.4 2.5 1.8 68.6 4.7 0.5 3.0 (Complled by the Assoctated Press.) By the Associated Press NEW YORK, June 28.—Led by rails, the bond market sagged in sluggish trading today. The Federal list bent ander pressure, with declines ranging from 1-32d to 11-32d. Great Northern 4s slid down more than & point and Erie 5s lost a point. The carriers gencrally showed little T tance, with Santa Fs 4s, Chesa- peake & Ohip 4'.s and New York Central 5s pointing downward. International Paper 5s and Wal- worth 4s were fractionally lower and Western Union 5s and Pure Oil 4's slipped by more than a point. Leaning forward a trifle were Beth- lehem Steel 4'.s, Consolidated Edi- son 3's and International Hydro 6s. Du Pont to Sell 500,000 Shares of Preferred Stoc 2Bs the Associated Press. WILMINGTON. Del, June 28— Directors of E. I. du Pont de Nemours & Co. announced today they had com- pleted arrangements .or sale of 500,000 shares of $4.50 cumulative preferred stock to the public through a bank- syndicate headed by Morgan Stan- of the a1didtional shares ed by stockholders at a June 18 The amount received by the com- pany from sale of the shares was not announced nor was the offering price Yo the public. B. F. AVERY EARNINGS WELL ABOVE YEAR AGO Bs the Associated Press. NEW YORK. June 28.—B. F. Avery & Sons Co. of Louisville, Ky., makers of farm implements, reported earnings of $474,584, before interest and Fed- g¥al taxes, for the 12 months ended May 31. This compared with earn- 1ngs of $349,068 for the preceding 12 months, INSURANCE STOCKS NEW YORK. June 28 (.—New York Becurity Deaiers' Association: Aetna Cas (7a) Aetna Ins (1601 Aetna Life (R0a) Am Equit (160a) Am Reins (107 Am Reserve (la) Am Surety (21,) Automobile (1a) )2) City of N Y (1.20) Conn Gen Life (N0) _ Contin Cas (1.20) Fid & Dep (41 Firemans Nwk (.30) Frank Fire (1a Gen Reinsur (11 Glen Falls (1.60) Globe & Rep ( S0) Globe & Rut Great Amer (1 Hanover (1.60 Hartford Fire (2) Home Fire Sec Home Ins ‘1a) Homestead (1) Knickerbocker Lincoln Fire Maryland Ca< Mass Bond (312) Natl Fire Natl Liberty (.20a) __ N Hampshire (1.60a) N Y Fire (80a) Nor River (1) Phoenix (7a) Prov Wash (1) Revere (P) In (1.30) Rossia Tns (.f0a) £t Paul Fire (6) Springfleld (4':a) _ Sun Life (7130) Travelers (1) U 8 Fire (2) z Westchester (1.20a) a—Also extra or extras g—Declared aid so far this vear. NEW YORK BANK STOCKS | NEW YORK June 9% (P —New York Security Dealers’ Association | (Quoations as of 2 o'clock ) | Bi ked. | Pk of Man (112) i Rty Bankers Tr i2) B | Bklyn Tr (4) 3 Cen Han Bk & Tr (4) | Chase Nat (140, 4R | Chem Bk & Tt (1.80) 1 | Commercial (X) s a1 | Cont Bk & Tr (RO __ = [T — First Natl (1001 Guaranty Tr (12) Irving Tr (601 N Manufacturers Tr (2) = Manufacturers Tr pf () _ Nagl City 1) N ¥ Trust (5) _ Public_(11%) TileG& T FEDERAL LAND BANKS NEW YORK. June 28 (#).—Federal Land Bank bonds 4v4s Nov., 1007, NEW YORK PRODUCE. NEW YORK. June 2R (P, —Esgs. % firm. Mixed colors: Special packs, 512: standards, 22'z: storage-packe s 213 : “'mediums. 197 1912-20%: steadier. Creamery, 31-31%: extra (93 (RR-0] ~scores), 27 tc‘orgfl. 23-26; cen- 2915-3. frm. . State. whole h specials, 1812-19: held. fancy. 1936, 2215-2375; fresh. fancy. 18. Live poultry, by freight, about steady. No_auotations. Broilers— o, 1 . 19-22: Reds : crosses. Chickens. fowls. ©ld_rcosters. tirkevs and ducks unquoted. Dressed poultry steady. Fresh. chickens (voxes) —Broilers. 20-2815: > Toasters ~24-27 14%-19%5: 4 pounds. 17%-% old turkeys " (Noy Eouthwestern) Frozen._chicken: 23%5: fryers. 1715-241; Fowls—36-42 'pounds. 14121913 s. 16-21%2: 6065 pounds. 13 :_ Rocks, 15-20. INQUIRIES INCREASE. The Commerce Department reports an increase in inquiries from foreign countries regarding American goods. It says that Austria, France, Australia, Ttaly, Mexico, Lithuania and Egypt are among countries from which spe- Greek Gov 7s'64 " | Heidelberg 714850 _ LANCIAL, By private wire direct to U S Gov't Bond, Foreign Bonds Domestic Bond TREASURY. All time shown below i on which the Excha 2168 1949-53 .. 28,8 1945-47_; 2% 8 1948-51_, 2% 81951-54.. 238 1956-59._ 2%s81955-60 _. 2758 1955-60 reg. 385 1946-48_ 103.24 381951-556 ... 102.10 31481946-49_.___ 104.14 3148 1949-52_, 3181941 3145 1944-46 33,5 1940-437 33,5 1941-43 Mar 338194347 338 1946-56_. 481944-54 4348358 4345 4% 8194752 ___ M gh. 97.18 97 102,13 102, 99.19 99 99.9 99, 100.10 100. 100.3 100. 104, 104, 105. 105, 106, 106. 109, 111, 331949 ___ HOME OWNERS' 2% 8 1942-44_ 99.25 23,81939-49._. 100.4 100. 381952 101.24 101 FOREIGN BONDS. High. 99, Abitibi Pa&Pw 5s'53 Adriatic Elec 7s '52 Akershus 5s 63 Antioguia 1st 78’57 Antwerp bs ‘58 Argentine 4872 _ Argentine 415571 Argentine 6s 57 A Argentine 6s 59 Oct Argentine 68 ‘60 Sept Argentine 6s 61 Febr | Argentine 6s 61 May | Australia 4135 '56 | Australia bs ‘55 | Austrian 7s 57 | Berlin 635 | Berlin Klec 614 | Berlin Elec 6155 Brazil 6158 '26-"57 Brazil 61,5 °27-'57 Brazil 8s 41 | Beu A 434-4% Brazil 7s 52 Brisbane 58 '67___. Brisbane 6s'58 Huenos A C 3s'84_ Buenos A 4145'76 Aug Buenos Alres 4%s-4%8"76 April Buenos A4158-4%8'75 Bulgaria 7s 67 5 | Bulgaria 7138 '68_ | Canada 23;s-44_ Canada 3s'67 __. Canada 314s'61_ | Canada 4560 | Canada 63 '52 Chile 65'60 Chile £s 63 Chile 6s°'61 Jan Chile 6s'61 Febr. { Chile 6s'61 Sept. Chile 7s 42 Chile Mtg Bk 6s'6 | Chile Mtg Bk 6s'62 _ Chilean Mun L 75 ‘60 Colombia 68 '61 Jan Colombia 6s ‘61 Oct | Col Mtg Bk 6% '47 | Col Mtg Bk 7s 46 Copenhagen 6852 _ Cordoba 7s ‘37 stpd._. Cordoba 7s 42 prv Costa Rica 78'51 A_. Cuba 5158 '45 Cuba 52553 Czechoslovakia 8s Denmarx 4186 Denmark 5% s | Denmark 6s 42 | Dominic 51,561 | Dominic 2d 51;s'6%ext Finland 6s'45 | French G 78’49 un st_ Ger C Bk A 68’38 = Ger C Bk A 65'60 Oct_ Ger C BK A 78 50 Ger Gov 5'23 65 st Ger Rep 7s 49 stpd 10031 10145 10033 10043 10143 1021y 1071, 1035 2314 5 24 40 40 46 84 384, 101 101% 643, 84 Grt C El Jap Hung Con M 71;8'45_ Hungary 718 44 Italy 7851 = Ital P U Crd 7s'52 Japan 514865 Japan 633854 Kreug&Toll 58'59 cfs | Lombard Elec 7s'52_ 64 i 21 10314 98 981, o Mexico sf Milan 6155 52 = Minas Gers 615558 _ New So Wales 5s'58_ ord Ry 6128 '50 rway 4s 63 Norway 41,6 Norway 41,856 = vorw Hy E1 535,857 | Nuremberg 6s ‘52 Oriental Dev 51,8°58 Oriental Dev 6s'53_. Oslo 4%s8°55 OsloG & E58°63 Panama 5s'63 Panama 5%8'63___ _ Paris Orl Ry 6% Peru 6860 Peru 6861 oo Pirelll 78'52._. Poland 6s°40 Poland 7s'47 Poland 8850 - Porto Alegre 7145 '66. Prussia 6s 62 & Rio de Jan 618 ‘53 Rio de Jan 8s8'46 Rio Gr do Sul 68 '6! Rio Gr do Sul 78’66 Rio Grdo Sul 7s'67 Rio Grdo Sul 8s'46__ Rome f1;8'52 < Rhur Chemical 6s'48. Sao Paulo C 63%s ‘57 Sao Paulo St 6568 Sao Paulo St 7s 40. Sao Paulo St 8s '50. Serbs 62 Serbs 8s°62 Silesia Prov 7s ‘58 Sydney 51as'55. Tokio E L Ltd 6s°'53_. Trondhiem 514867 _ Tyrol Hy E1 71,s'55. Un Stl Wks 6128’51 A. Uruguay 6s°60. Uruguay 6s 64 Vienna €s°'52 Warsaw 7s 58 DOMEETIC BONDS. Adams Express 4s'47 99 { Adams Express 4s ‘48 99 Ala Grt Southn 4843 108 Alleg Corp 68 44 97 Alleg Corp 58 50 stp. 58 Alleg Valley 4842 108% Am & For Pw 65 2030 77 Am 1GChb¥%s 49___ 106% Am Intl 5%s 49 _. 104% AmT& T 3%s’61.... 99% AmT& T 3%s'66 98% AmT&T 438 °39__Y 104% AmT&Tb%s 43 1124 Am T F 2%8-58'38-"50 125% Am Wat Wks 68°'76. 1064 Anaconda deb 4348 °50 105% Anglo-Chil Nit 78 '67 32% Armour(Del)1st 4856 97%4 Armstrong Ck 48°60. 103% 5 104% A T&S Fead) 45 '95 st 104% A T&S Fo gen 48°05 109% AT&SFeC A 4%s'62113 AtICLun ¢%s'64 90 Atl Coast Line 6s 45 104% Atlantic & D 2455’48 44% AtIG& W Ist 68 59 T4 Baldwin Loco 55 '40 . 105 - 104% 6614 110% 4 4%s 60 ... st 5848 o 6% 5% ref 68 °'95 C 90 O PLE&W V4s'41 103 B&OSwnbs 60 __. 103 B& O Toledo ¢s'59._. 89 Bang&Aroos ¢s'51___ 106% o o o o o o cific inquiries have been received, r Bang&Aroos 48°51stp. 110 100.10 100. .14 99.14 .5 .5 100.5 .3 103.24 10: 102. .10 104.10 9 104.9 106. .29 105.29 .11 105,11 .4 106.4 .10 106.10 .16 109.16 4 1114 . 106. 115.16 115. FEDERAL FARM MORTGAGE. --- 1028 102. ‘The Star. Approximate Transactions Today. 600,000 1,390,000 - 6,710,000 light saving s now eperating. Low. Close. 15 97.16 .12 102,12 10 100.10 99.5 100.3 24 10 102.10 106. 106. 12 115.12 8 1028 LOAN. .23 99.24 .1 100.1 .22 101.22 Low. Close. 9415 94'3 80 80 2 100% 11y 100% 91% 10019 1008 1014, 10033 10044 10145 1021 1074 103% 10043 10144 1021 107% 1030 231 101 101% 64 8213 8414 98%, 2% Ry 106% 0 1121 1124% 19% 193 19% 19% 19% 19% 20 1034 981y 981 102% 103 103 23% 57% 108% 6% 106% 104% 98% 98 104% 112% 120 105% 105 32% 97% 103% 104%% 103% 1084 113 90 104% 44 T4 105 10415 66 110% k(3 Td% 5% 88% 108 103 102 102 89 89 108% 108% 110 110 THE EVENING STAR, WASHINGTON, D. C, MONDAY JUNE 28, 1937. Bell T of Pa 5348 B. Beth Steel 3866 Beth Steel 43s 60. Bos & Me 68 °55.... Bos & Me 6867 Bot Con M 6%s ‘34 BotCon M 63534 ct. Bklyn Ed con 3%s ‘66 Bklyn Man T ¢%s ‘66 Bklyn Un E1 6860 __ Bklyn Un Gas s '45 Bklyn Un Gas s '50 Bklyn UnG 6s 657 B_. Brown Shoe 3% s °50 _. Bush Term con 68 °55. Bush Ter Bldg 68°60. Calif Packing 6s 40_. Can’'dian NR 4%« Can'dian N 6s8'69 July Can’dian NR 5s8°'70 < Can'dian Pac ¢%8 46 Can’dian Pac 43860 Can'dian P 6s 44 cfs_ Cent Br U P 48’48 Cent of Ga con b Cent Hud G&E Cent I1 E&G 68°61 Cent I11 Lt 33,866 Cent N England 4s'61 Centof NJ ¢s'87____ Centof N J gen 58°'87 Cent Pac 1st rf ¢s’49. Cent Pac 68°60 . ____. Cent Steel 8s°41_ Ches& O3%s'96 D_. Ches& O 3%s'96 BI__ C&Ogen4,s'92_ Chi B&Q 428 77 Chi B&Q1 div 3% Chi B&QI1 div 45749 _ Chi & E 111 bs Chi & E 111 bs Chi Grt West 4569 __ CM&SIP 41,8 89 E___ CM&StP5S T CM&StP&P adj5s2000 Chi & NW gen 4s'87__ Chi & NW 41582037 Chi & NW 4682037 C Chi & NW 43849 Chi & NW gen 58’87 Chi & NW rf 58 2037 C&NW Nr W 6345 °36. Chi R I&Prf 4s 34 Chi R I&P rf 48'34ctf. Chi R I&P gen 45 '88 _ ChiR I&P 4%8°52 __ Chi RI&P 4%s'62 ctf. ChiR I&P 41860 _ Chi T H&S 18t 55°60 _. Chi UnSta33%s'63 E ChiUn Sta 4s’¢4____. Chi& W Incon 48’52 Chi& W Ind 4%s'62_ CinG&E3%nr 66 Cin UnT3%s Dgtd.. Cin Un Term 58 '67 _. CCC&St L gen 4893 _ CCC&St L rf 4% 817E |Clev E1 111 3% s 65 | Clev Short L 4%s" | Clev Un Ter 433877 | Clev Un Ter 5873 | Clev Un Ter 51,8724 Colo F & 155 70 Colo & S0 4138 '80 _ Columbia G & E deb 5352 April | Columbia G & E 53 ‘52 May = Columbia G&E 5861 _ Colum Ry P&L 4865 | Comel Credit 3% s *51 Cons Coal Del 58°60 . ConsEAN Y 3%,s"46 Cons Ed N Y 3348°56 Cons Gas NY 41,851 Consol 01133851 Consum P un 3%s'65 Consum Pwr 335870 Consum Pwr 3%5 65 Crane Co31%8'51 ___ Crown C& S 4550 Cuba Northn 514842 Cuba RR ref 7145 '36._ Dayton P&L 31,8 '60. Del & Hud ref 4s 43_. Del P& L 4%s'69 __. DenG & E5s'31. Den & R G con 4536 Den& R G 41:8'56 __ | Den & RGW 58’5 Den & R G ref Des M&Ft D 4s’ Det Edison 48 '65 F _ Dow Chemical 3851 Duquesne Lt 3138’65 E Tenn lien 58’38 _ c Auto Lite ¢8°52_ | Eriecons 4s'96._. Erie gen 4s'96 Erferef 58'67_ Erieref 58°'75 Erie Gen Riv 65’ Fed Lt&Tr 58’42 Fla ECRy bs'T4 Gen Am Inv 58°'52 Gen Cable 53,847 Gen Mot Acc 45 Gen Mot Acc 3%s '51. Gen Stl Cast 515849 _ Ga Caro & Nor 6534 _ Goodrich 41,556 Goodrich 6s 45 - Goodvear T&R bs '57 Goth Silk H 5846 ww Grand Rap | 4%4s'41_ Grt Nr Ry 33,867 Great N Ry 48 46 G __ Grt NRy4s 46 H Grt NRrf4%s'61 A Grt NRgn43:8'17TE Grt N Rgnbs'73 C Grt NR gen 4148'75 D Grt NR5%s'62B Green Bay 53’62 B. Gulf M & N 55 50 Gulf M & N 5148750 Gulf States Uti] 45°66 Gulf Sta Utll 4238°46 Houston O] 5% *40._ Hudson Coal 58 '62 Hud & Man inc 5s '57. Hud & Man ref §8°57. 111 Bell Tel 31:8°70_. 111 Cent 4% s '66 _ 111 Cent ref 58 '65 Ill Cent Lou 31853 | ICC&St LN O 41;8'63 ICC&St LN O 58°63 111 Steel deb 4158 40 Inland Stl3%s 61 Int RT 1st rf 68°66 IR T 1strf 5866 ctfs IntRT 6s'32 Int R T 6s°32 ctfs. IntRT 78'32 IntRT 78’32 ctfs .. Interlake iron 48°47_. Int Grt Nr 55 '56 C. Int Grt Nr 58’56 B Int Grt Nr6s'52 A_ Int Grt Nradj 68’52 A Int Hydro Elec 6544 Int Mer Marine 68°41 Int Pap 1st 58°47 A__ Int Pap ref 6s'65 Int T&T cv 43839 Int T&T 4%8°52 Int T&T b8 '55 Towa C 1st&rf 48 '51 James F& C 48’39 Jones&L Stl 4% s'61A Kans C F S&M 4s°'36. Kans C So 1st 3s 50 Kans City So ref 58’50 Kans G&E 418 ‘80 Kings Co El 45 '49 Kresge Found 314, %47 Kresge Found 4s 45. Laclede G 5%s'53 C.. Laclede G 514860 D_ Lautaro Nit 1976s __. Leh C&N ¢%s3°'54 A_. Leh Val Coal 58°74__. Leh V P con 48 2003 Leh V Pcon 438 2003 Leh V RR con bs 2003 Ligg & Myers 68 °51_. La & Ark 63 69° 5 Louisv G&E 315566 L & Nash 3% 2003, L& N 1st 482003 L& N 4%4s 2003 C L & N So Mon it 48’52 MecCrory Strs 68 '51 McKess&Rob b1 8'50 MeC RR gn 414860 A Man S 1st 7l,5'42ctfs Manhat Ry 48 90 Manila RRS L 4s'3 Met Ed I1st rf 4148 Met W Sh El1Cr 4s°'38 Mich Cent 4348°79___ Mil El R&L 5861 __. Mii No con 438 '34 Minn &St Lrf 4’4 Minn & St L §s’34ctfs. MStP&SSM cn ¢8°38 MStP&BSM 5838 std - 118 High. Low. 117% 117% 938 101% 82 1044 20% 113 11314 115 115 104% 20 113 112% 115% 115 118 123% 945 104 103'a 124 94% 104 103l 114% 25 26 106% 1058, 964 641y 104% 103 107 1001 10014 100% 104'¢ 1001, 1057 45 56 103 893 1021 1074 15 145 19 10818 101 1045 10314 1087 9R1,y 101 104% 1031 109 983, 7613 7012 7019 118 10214 978 101 104% 101% 10014 8515 30% 1004 10414 10415 661 9613 9614 90 106% 106'% 11 11 104% 104 101 100% 83 83 4% 4% 14% 14% 20% 20% 21% 20% 2 10215 & 1045 Close. 1174 938, 102 82 1041 20 113 112% 115'% 115 118 123% 941y 104 10315 114% 105% 961 6415 | 1047 103 107 1004 100% 1001y 1041« 1004 1 5 56 MStP&SSM 6% MoK & T 1st 48'90__. MoK&T4s 62B.__. MoK & T 58°62 A. MoPac4s'16 oo Mo Pac 68'78 G- —acne MoPacb¥s 49 A____ Mob & Oh M div 58'47 Monong Ry 1st 45 '60 Monong Pub 8 43560 Monong Pub S 6865 Mont Pwr 3% s '66._. Mont Tram bs'41____ Morris & Es 3%s 2000 Morris&Essex 4348’65 Morris&Essex 58 ‘55 Namm & Sons 6s *43 _. Nashv C&St L 48 '78 Nassau Elec 48'51 std Natl Dairy 3%s'561ww Natl Dis PC 43845 Nat Ry Mex 41:8'57a. Natl Steel 48 45 New Eng RR 48'45 . New E T&T 1st 58 ‘52 New Jer P&L 41%s ‘60 New OrIlGNR 6583 A New Orl PSb6s'62 A New Orl T&M 58'54 B New Orl T&M 58’66 C New Orl T&M 5%8'64 NOT&M 518’54 B cfs N Y Central 3%s'52.. NY Central 818 *97 . NY Central 3% s ¢6.. NY Cent 4s'42. NY Cent con 4s ‘98 NY Centrf 41482013 NYCrf4%s2013n__ NY Cent rf 682013 NY Cent cv 6544 NYCLSh3%s'98 NYC Mich C3%s'98. NYChi & St L 4s '46_. NYC&St L 4%8°78 __ NYC&St L 5%;8'74 A. NYChi&StL 38_. NY Dock 1st 4551 _ Y Edison 3%s 65 D. Elisref314s '66_. Y L& W 1st 45'73 NH & H cl tr 6s'40 NY NH & Hev 6848 NY O&W gen 4855 NY O&W ref 4s°92 NYQueens con314s'65 NY Steam 1st 63 '51. NY Steam bs '56 NY Steam 1at 6s°47. NY Tel gen 418 °'39. NY W&B 4153846 Niag L& O 58" Niag Sh 63,8 '50 Norf So 1st bs ‘4 Norf So 1st ref 58 '61. Norf S 1st rf5s'61 cfs. North Am Co 68 61 North Am Ed 6569 C Nor'n Pac gen 3s 2047 Nor'n Pac 4= 97 . Nor'n Pac 414s 2047 ._ Nort'n Pac bs 2047 C-. Nor'n Pac 68 2047 ____ | Ozden L.C 48 48 Ohfo Pub Sve 7 Ohio Pub Sve 715846 | Ont Pwr Niag fis '43 Ont Trans 1st Oreg RR&N 4s°46 _. Oreg Sh L 5s'46 gtd _. Oreg W RR 4s 61 __ Otis Steel 4158 62 __. Pac Gas & E131;8'66 PacG&E3%s'61.__ PacG & E 48 64 Pac T&T rf 31,8 '66 B Panhand EPL 4s Param’t Pic 31847 Paramount Pic 6= '55 Penn Co31:s'44 D Penn Co 45 ‘63 Penn Dixia C 6541 Penn O & D 4148°77 Penn P & L 41:8°81 45 103 897 | 1021 | 107 | s Penn RR 438 84 | Penn RR £n 415865 Penn RN deb 413870 15 14ty 19 | | 1081, | 101 | 104% 1031y 109 | axia | 7613 691, 69 118 9| 101 101% | 100t R5 3014 | 9984 10414 6614 961y 961y 69% 3% Penn R gen 58 '68 | People GL&C rf 5547 Pere Marq 1st 4= '56_ Pere Marq 4358 °80 __ Pere Marq 1st 5256 Phelps D 3158 | Phila Co 58 67 Phila Elec 315 Phila & R C. Phila & R C&1 6549 Philippine Ry 4s°37 Pillshury F M 6543 PCC&St L 41;8°77C_. Port Gen El 4158 '60 Porto Rico A T 6s°42 Postal Tel & C 6s'53_ Pure Oil 41,850 drw R-K-O 6841 = Reading Jer'C 48 51 _ Reading R 41897 A Rem-Rand 43, £56ww Republic Stl 4128 50 Republic Stl 415861 Republic St] 5158 '54 Revere Cop 4143 '56 RG W Istex in 4s'39 { RIo G W col 4s 49 A_ Rutland Can 4849 __ Rutland RR 41¢s'41_ Saguenay Pw 41,866 | StJo Ry L T&P 5s'37 St LIM&S R&G 4s°33 St LIM&SR&G4s'33ct StLRM&P58°55 _. St L-S Fran 4s'50 A . St L-S F 48°50 A ctfs. St L-S Fran 415878 St L-S F 41,8'78 cf st. St LSF 68’50 B ctfs. StLS W 18t 45'89 StLS Wgnrf5s'90 StL S W 1st ter 58°'52 StP M&M P ext 4s°40 St P Un Dep rf 58’72 San A & A Pass 48'43 San Diego CG&E4s'65 Seabd A Liref 45’59 __ Seabd A L6s'45A _ Seabd A L 6s 45 ctfs Seabd A-F168'35 A ct Seahd A-Fla6s'35B ct Shell Un deb 338 '51. Silesian Am 7s '41 Skelly Ofl 45°51 __ Socony Vav 31,850 Southn Cal Gas 4s°65 Southn Cal G 41;8°61 So Colo Pwr 68 47 A_ South Nat G 4%48'51_ So Pac 3%s 46 So Pac col 4 So Pac ref So Pac 4%s 69 So Pac 4%s 81 So Pac Oreg 4877 So Pac S F Ter 48 '50. So Ry gen 4856 A. So Ry 6s°'94 So Ry gen 6s 56 So Ry 612866 SORy M& O 4s'38. So Ry St L.div 4s'51. S W Bell Tel 33s ‘64 Spokane Int 58 '65 _-. Stand Oil N J 3s 61 _ Studebaker cv 68 "45_ Tenn El Pw 65 47 A. ‘Texarkana 6%s 60 Texas Corp 31 Texas & Pac ‘Texas & Pac6s'79C. ‘Texas & Pac s '80 D Tex & Pac 1st 65 2000 Third Av ref 4s 'l ‘Third Av 1st 55°3 ‘Third A ad in ex & Tide Wat Oi1 8% Tol & Ohio C 3% ‘Tol St L & W 48°'50 _. Tri-Contl Corp 68 '63. UnEIL&P5s'37. _ Un Oil of Cal 3%48°52 Un Oll of Cal 68°42 A Union Pac 3%s°70 __ Union Pac 3%s'71 Union Pac 1st 43°47 Un Pac 1st rf 45 2008 United Drug 6853 .. U S Rubber bs 47 __. Utah L& T b8 44 A__ Utah P& L 58 '44 _ Util P& L b8 59 ww. Ut P&L6%s'47.__ Vanadium cv bs ‘41 Ver Sug 1st 75’42 ctfs VaE&P1strf 4s°'66 Va Ry 1st3%s 66 A_. Va S W conbs's8 Wabash 1st 39. Wabash §s°76 B - Walker H&S ¢3(8"¢5. Walworth 48 '66... 102% 1028 928 991a 87% 82 2% 3.. 103 908, 107% 86 105 103 101 100 101 120% 90% 103% 9614 90% Low. 82% 87 63% 14 14% 103 1104 22 98 10313 109% 110 1113 110 110 1180 105% 90% 97\ 1001 1051 220 101 29 10715 1078 01y 20 107% 103% 96 20 Close. 8274 874 64 4 15 33% 11 40 108 1024% 102% 92 9914 87 82% 92% 90% 40 99% 101% 1037 107 11% 107% 100% R0l 26 238 103% 100 7215 1031 a5, 102 111 22 R 10315 109% 110 1113 110 1101y 1188 105% 903, 9T 1001 1054 100% 9% 881 99%, 104 102 9975 107 100 104 9874 1061, 1064 110' 100 116% 112% 91 91t 101 103% 96 90 29% 29% 29y 104% 104% 104% 1% % 7% PACE MAINTAINED AT STEEL PLANTS Active Operations Continue, Despite Some Signs cf Buying Lull. By the Associated Press. CLEVELAND, June 28.—Steel mills are continuing operations at a high rate despite some signs of a Summer lull in buying, the magazine Steel said today in its weekly review of the in- dustry. “As an offset to declining needs of automotive manufacturers, while new models are being prepared, projecting needs in various other lines, largely heavy products, promise fairly early placing of substantial lots for late Bummer and Fall delivery,” the re- view said. “With the large tonnages already on books, this promises to keep production relatively high past the usual Summer lull.” The magazine said Inland Steel Co., one of the four independent concerns involved in the steel strike. has orders on books for three months from the date of resuming operations. Tin plate producers were reported pressed to accept new business, with little relief possible, since most pro- ducers are sold to capacity to Septem- ber 30. The national operating rate was given as 74 per cent of capacity, down 1!2 points from the previous week, largely due to the enforced shutdown of Bethlehem Steel's Johnstown, Pa., plant. The Pittsburgh rate dropped 10 points to 82, Youngstown dropped 1 to 29, Buffalo dropped 1 to 88 and Cin- cinnati lost 7 to 86. Cleveland district gained 3 points to 49 per cent, Detroit 2 to 99, and New England 10 to 92. Chicago was stationary at 63!, per cent, Eastern Pennsylvania held at 67, Wheeling at 93, Birmingham at 83 and St. Louis at 93. The steel works scrap composite was unchanged at $17 for the first time since a decline started in April. The iron and steel composite lost 2 cents to $39.78, through an adjustment. The finished steel composite remained at $61.70 Structural steel awards last week were given as 59.191 tons, the largest since the week of January 30. NEW YORK, June 28 (#).—Opera- tions in the steel industry for the cur- rent week declined .9 of a point to 75.0 | per cent of capacity, compared with g75 9 per cent last weck, the American { Iron & Steel Institute estimated today. | A month ago operations averaged 1 77.4 per cent of capacity while a year | ago the rate was 74.0 per cent A spokesman for the institute said the back ‘work movement at some | plants which had been affected by strikes was insufficient to offset shut- | downs elsewhere for vacation periods | and in some cases for the Fourth of July holiday. Washington Produce BUTTER score. 1-pound prints. 35 14-pound p: 16, tub, 34 90 score. 1- pound prints, 34. 'ls-pound prints, 35; . market strong ts | calves Fall I ¢ {rozen pork. fresh hams. 24. smoked hams liced bacon slab bacon, 2K pound, 13, 147 Prices p. h- ington. © B of | Agricultural Onom i | EGGS—Market firm_ Prices mostly 1 | to 1 cent higher. 19138 20: hannery white Government graded and dated large. 28: U 8. ex: standards large ° 15216 b. d shippers net f. 0. b United States Bureau {os arket sieadv at un- —Colored. heavy, 18 | 13 Leghorns 12 roosters. 10 Chickens— Rocks. Virginia_ 21 to pounds. 1% less than 2 iTkeys—Old hens, 16 to 17; old toms. 13 to 14 Frults and Vezetables. Sales fn large lots by original receivers A am today up to ASPARAGUS—Truck receipts light: supplies light: demand light: market weak. New Jersey. pyramid crates dozen bunches. ssal. 2.00-2.25: few : colos” extra fancy fancy| NTALOUPES—Six California arrived: broken and siX unbroken cars on Supplies moderste market steady. . 36 2.00; 175; C two track. demand mod- erate California. Salmon 50-4.00. > 35 ); ponys 42w 5 . 9s and HONEYDEWS—Supplies light: demand light: market California. jumbo 2.75; ponys, 13s. CELERY—No_carlot arrivals: ken car on track. Supplies light; demand light; market ~steady. New York. ! crates. individually washed, 3-6 dozen. mostly around 4.50 California. one New one bro- LETTUCE—SiX York arrived: nine “broken and six un- broken cars on track. Supplies moderate demand modera market steady. Cali- fornia, Western-crates. Icebers type. 5- dozen. 400, tew higher; fair condition, ONIONS—No carlot arrivals: no cars on track. Supplies light: demand light: mar- ket weak. Texas., 50-pound sacks vellow Bermudas. U. S. commercial. 1.15-1.75. New Jersey. 50-pound sacks. vellows, U. S. No. i. 110. PEACHES——No_carlot_arrivals. no ears track. ~ Supplies modcrate; demand market steady. North and South bushel baskets. Early Rose. U . 13%-inch minimum. 1.75-1.50: on light Carolina, 8 No. 1 PEAS-—Tw alifornia arrived: two broken and two unbroken cars on track. Supplies moderate: demand light: market steady. California, bushel hampers. Tele- photes. 2700-2.25 POTATOES—One California arrived: one unbroken ~car on track. Boal receipts nt to four cars Supplies T demand light: steady. North ' Carolina. Cobblers. U 8. No. 1. stave barrels. 2.00: 100-pound sacks, 1.10. Tomato Prices Steady. TOMATOES—Three Tennessee arrived: two ‘broken and three unbroken cars on track. ~ Supplies liberal: demand slow: market_steady. = Georgia, Missiasippi and South Carolina lug boxes. green. ripes and 6x6 and larger, best, condition. 1.00: 6x7. MELONS—Two California. five two broken and six un- wrapped. ning 1 fair market steady. -pounds average, 90-1.00: 28- 50-65 each. LIMA BEANS—Supplies very light: de- mand light: market steady. Florida. bushel hampers. fair condition. .00 CORN—No_carlot arrivals: no cars or track. Supplies light; demand light: market steady. South Carolina, standard crates. 1.50-1.60. PEPPERS—Truck { supplies moderate: demand siow: market Fiorida, bushel hampers. ~green, 4 New Jersey. bushel crates, green; 1.00-2.00. according to condition. EGGPLANT—Supplies light: _demand market weak. Florida. bushel ha; . 75-1.00; 115-bushel crates. 1.50- OKRA—Supnlies light; demand light market steady. Florida. bushel hampers. large size, 2.00; Tennesiee, 12-quart cli- max baskets_1.95. BLACKBERRIES—Supplies _light; mand light: market steady. North Caro- lina, 8-10 per quart; poor condition. & per ‘quart. RASPBERRIES—Supplies light: demand lght: market steady. New Jersey. Red- caps. 10-12% per pint demand light; i ti | pmarket | stes Pennsylvania, shel baskets, 85-75. D ANGES>Thred " California arrived: seven broken and four unbroken cars on track. California, boxes, 3.75-5.50, a8 to grade and size. —_— receipts moderal Hieh. Low. Close. Warner Broscv 68°39 94% 941 94% West Penn P3%4s°'66 105 106 105 W Sh 1st 452061 gtd 9015 89% 89K West'n Md 1st 45°62 102% 101% 101% Westn Md 6%s 77 __ 107% 107% 107% Westn Pac 58 46 A 2915 294 29% West'n Pac 6546 Aas 29 28l 284 Westn Un cl tr 58 '38_ 100% 100% 100% Westn Un 68’51 _. 89% 89. 89 West'n Un b8 '60 88% 871 88% Wheel Steel 434863 99% 99 99 Wilkes B&E 1 42 15 15 15 Wilson & Co 45 °'55 _ 100% 100% 100% WisCS8&DT 4s'36 17 16% 16% WisCS&DT ¢s’36cfs 16 16 16 Y'ngstn S&T ¢s°61. 100% 100 100% New President ALEX F. RYLAND, Vice president First & Mer- chants’ National Bank, Rich- mond, who was elected presi- dent of the Virginia Bankers’ Association at its forty-fourth annual convention at White Sulphur Springs. He succeeds Milton R. Morgan of Eagle Rock. —A. P. Photo. INVESTING COMPANIES NEW YORK. June 28 (P).—New York Becurity Dealers’” Association (Noon quotations.) Admin Fd “nd Inc _ Am Business Shrs Am Gen Eq Inc Bancamer Blair Bankers Nat Inv Corp Basic Industry Corp Tr Accum Corp Tr “Acc_m Cumulative Tr 8h Depos Bk 8h N Y Depos Ins Shrs * Depos Ins Shrs Diversified Tr C Dividend Shrs Eauity Corp $3 pf Pidelity Fund _Inc First Boston Corp Fiscal Fund Banks Fixed Trust S8h A Fiscal Fund Insurance Fixed Trust En B Ser od 1987 3825 28,00 Group Sec Agriculture __ Group Sec Automobile Group Sec Building Group Sec Chemical Group Sec Food = Group Sec Invest Shrs Group 8ec Merchandise Group Sec Mining Sec Petroleum Group Sec Steel Group Sec Tobacco Huron Holding Incorp Investors, = Instl Sec Bank Group Instl Sec Insurance Investors Fd “C" Inc Keystone Cust Fund B-3 Group Group 1 (T} S O OTONRR SOIDOy O A~ 0 s Fieiei=TRe iR Bec Nation Wide Voting Investors 23328 | £ Stocks Bldg_Supply _ Stocks Elec Equip Stocks Insurance _ Stocks Machinery __ ¥ Stocks R R Equip _ N Y Stocks Steel North Am Bond Tr ctfs _ Nor Am Tr Shares Nor Am Tr Sh 1955 Nor Am Tr 8h 1958 __ Nor ‘Am Tr Sh 1458 Plymouth Fund Inc Quarterly Income Sh Selected Am Sh Inc Spencer Tratk Pund A s Super Supervised Bhry Trustee Stand Inv C Trustee 8tand Inv D Trusteed Am Bk “B' Trusteed Industry shrs Wellington Fund FOREIGN EXCHANGES. NEW YORK. June 28 (® —Poreign ex- change steady: Great Britain in dollars. ea 4.931a: a2 Italy. 3 : Demands—Belgium. free 25 54.99 ¥y a: Finiand. unquoted Poland. si eece. 3483 1R.75n 4. Argentina, n: Brazi. Kkio. 28.72: Shanghal, 29.80 30417 Mexico ~ City Montreal in New York. 89.84%: in Montreal. 100.15% n—] U. S. TREASURY POSITION. By the Associated Press. The position of the Treasury June Receipts, $30.551.196.74. expenditures, $28.809.126.78 alance, $2.570.636.% 962 customs receipts for the month, $35.634.708.59. 25: Receipts for the fiscal vear (since July Ihs 35IB28TEIZEL: expenditures SR 5408 430 61, including $2.803.435.- 366.10 of emergency expenditures; excess of expenditures £2770.158.017.77: “gross ebt. old 1= . including zold. " o FOREIGN MARKETS. N. June 2R (P).—Stocks main- tained a sieady tone during most of a moderately active session todav. There was some irregulariiy at the ciose when volume dwindled. Most industrials. to- bacco. iron and steel and oil shares went to higher_levels. - However. trans-Atlantics reflected Saturday’s slump in the New York market. —Offerings of South African gold shares were well taken. Gilt-edged issues and European bonds were steady. PARIS.—Issues on the Bourse closed enerally lower today. Rentes and bank- ing stocks were inclined to heaviness and ‘most_industrial shares were lower. Bank of France declined 275 points.’ Roval Dutch was off §6. . Suez Canal ended slightly higher. COME HERE for Your MORTGAGE LOAN OUR Mortgage Loan Plans are built to encour- age home owning. Set up on a low-interest basis— 5%. Set up on a long-term basis—upto20years. Avoid the red tape and expense of short-term renewals and re- financing. Repay in month- ly installments, like rent, or in whatever way proves most convenient. WEAVER BROS i« REALTORS Mortgags Loan Corvespomdomt Marspiisan Lifs Innwance Company WASHINGTON BUADING DISTRICT 9436 5 FINARCIAL. ELEGTRICAL FIRMS IN GOOD POSITION Bright Earnings Outlook Cited for Investors by Poor’s Report. Special Dispatch to The Star. NEW YORK, June 28.—The elec- trical equipment industry has been selected by Poor's Publishing Co. as one of the ten industries which offer the best profit opportunities for in- vestors. According to the company's indus- try and investment surveys, the im- proved demand enjoyed by equipment manufacturers so far in 1937 has lifted earning power to 1930 ievels in many instances. The improvement has been broad, ranging from com- panies specializing solely in the production of single household appli- ances to large organizations producing an extensive line of products for use in the utility and industrial flelds, as well as in the home. “There is every indication that the electrical equipment industry as a whole will extend further the gains made to date” states the analysis. “Increased electric power consump- tlon and prospects for further expan- sion to much higher record peaks are forcing electric power and light com- panies into the market for new cen- | tral station equipment. This expan- sion movement promises to be ac- celerated and to result in a volume of electrical equipment business that may set new records within the next few years. “In addition to a lucrative utility business, electrical equipment compa- nies can look forward with confidence to increasing orders from industry in general, as rising earnings provide the incentive for rehabilitation and ex- pansion projects. Meanwhile, pros- pective further gains in consumer purchasing power will mean increased sales of consumers’ goods, such as refrigerators, washing machines, air- conditioning units and sundry other electrical equipment for the home. Greater volume of building should also rebound to the industry's benefit by increasing demand for wiring and fixtures. “Consequently, the present year promises to witness increased volume and favorable earnings for all branches of the electrical equipment industry. Although competition among manu- facturers of household appliances will remain keen, expanding sales should sustain the upward earnings trend.” RAILWAY INCOME. NEW YORK, June 28 (P —Net op. erating income’ (before fixed charges and other income) of railroads reporting today for the month of May included: 37, Atl Coast Line Cent “of Georgia Dei Lack & Wstn Eigin Jollet & Estn Long Island Louisville & Nash _ Nash Chat & St L Virginian = Rwy Central Vermont Chgo Indpis & Lville Clinchfleld Denv & R G W Louisiana & Ark Norfolk Southern Pgh & W Va “Deficit, -~ 333924 115.204 BR7.E11 336,543 For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Paymen MEMBER BUILOING & LOAN ASSOCIATION €OUNCIL of O.C. FETONAL BUILDING ASSOCIATION UNDER “SUDLRVISION U.S. TREASURY 949 NINTH STREET, NW. Featuring Now FINE TROPICAL WORSTEDS - GABARDINES PALM BEACH SUITS + WHITE EVENING COATS SUMMER TUXEDOS IRISH LINEN SUITS - SPORTS JACKETS & TROUSERS SILK SUITS - HABERDASHERY HATS + FRENCH, SHRINER & URNER SHOES LEWIS & TH°S. SALTZ INCORPORATED 1409 G STREET N. W. NOT CONNECTED WITH SALTZ BROS. *¥% A—17 e ————— e %% AT —_———— e _ e et _—s—_——— BONDS ON N. Y. STOCK EXCHANGE BROKERS TOWAWVE PAY MINIMUMS Exchange Agrees to Set Aside Rules for Stabiliza- tion of Salaries. B the Associated Press. NEW YORK, June 28.—The New York Btock Exchange today took cog- nizance of Wall Street's current de- pression in business volume by grante ing member firms permission to waive minimum salary limits for customers’ men. The action means, “until further no- tice,” the setting aside of a rule adopted a few years ago to stabilize rates of compensation for the brokers’ business getters. Brokerage circles reported the eas- ing of the rule a welcome event in view of the marked shrinkage in, trading since the two-year bull swing was halted last March. Brokers were informed by the ex- change the rule demanding that no change in salaries of customers' men, branch office managers or ‘“junior customers’ men” be made during the first six-month period of employment would stand. After the first six months, salaries may be changed quarterly. ‘! This is the second time the ex- change has permitted waiving of the minimum salaries. It acted during the depression on the plea of brokers | that maintenance of prescribed standards would result in dismissal of | many employes. The rule was rein- | stated when trading interest revived, The exchange also reminded mem- bers of a rule which prohibits adop- tion of stagger systems of work for these classes of employes unless spe- | cifically approved by the Committes on Customers’ Men. “As a matter of general policy,” the exchange announced. “the committee does not see its way clear for the present to approve stagger plans Which affect branch office managers or customers’ men.” STEEL QUOTATIONS. NEW YORK, June 28 & per 100 pounds. f0.b. Pit annealed shests ot ol vanized sheets 380 rolled. 3.15; steel bars teel prices, rgh - Hlue 240 gal- sheets, hot | e Investments 6% Z5Tm well secured on con- by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly ¢0 Years For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Colambia Nearby Maryland and Virginia | Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 + SEERSUCKER SUITS INC. Easy Monthly Payments as low as $7.50 per $1,000. No commissions or renewals. Taxes may be paid monthly. Iowve: our economical loan plan. COLUMBIA BUILDING ASSOCIATION 716 11th Stree! Opposite Palais Royal