Evening Star Newspaper, June 28, 1937, Page 19

FINANCIAL. CURBLISTMOVES TOLOWERLEVELS Most Shares Off Fractions to Point or More in Slow Trading. By the Associated Pres. NEW YORK, June 28.—Along with issues in other securities markets, curb stocks retreated before moderate offerings today. Although activity was light, most shares stood fractionally to a point or so lower late in the session. Creole Petroleum and Aluminum Co. of -America declined a point or more each and major fractions were pared from Electric Bond & Share, Gulf Oil and American Gas & Electric. Hecla Mining, New Jersey Zinc and St. Regis Paper lost minor fractions. Imperial Oil and Eagle Picher pointed up a little, CURB BONDS DOMESTIC BONDS. High. Low, Noon. Ala Power 455 *#7 Y Ala P wer |mvu 100'3 Ala Power i R4 R4 Alum Co 3s '3 10, 1041y 10613 1061y 10092 10072 Comw Ed 45 'R1 Comw Ed 3%s A Comw Sb 5los Cons Gas rmo&r« s»A %] Pw & Lt Georgia Pw 55 Georgia P& Glen Alden Cl P o »ows’ L1063 26 P ndiana Ser 5s ' ndnap P&L As ntl P Sec A nterst Pw 5s nterst Pw A Interst P S 41.. &P & E 6s 2 entucky Ut 55 '4 1067, 10633 104 ‘104 100% 100%, & 4s '66 A FOREIGN BONDS. Chile M B A5 '3l mat 16% Toita Fran 7e ww-TWith, warrants rants. §Negor 5 Companies reported in receivership. Wis-Min Wis P & L xvé'fw‘mm(; war- CHICAGO PRODUCE. CHICAGO, June 2R () ultry. live. a0is mmurk: 15 broilers. and White Rock Laihorn. 1418 Plymouth Rock “small steady: 13- 11: geese. creamery spe- 3 ) 1 fir Seconds (RAVs-50) centralized carlots) firm: extra firsts. local fresh graded firsts, iocal, current receipts. 19: storage extras. 21'a; storage packed 8es, 2 cars, 201, cars packed Arsts, 21 Potatoes. 141: on trac i: total U. S, shipments “Saturday. 103" Sunday. K} »best stock about steady. showing heated d decay supplies liberal: demand ker, per cwl California Whit o condition.. nd egg size Virsinia Gobbiers. U. & No-i. 1.5 issourl, Cobblers. ~barily araded. amall a; North Carolina Cobblers. U. S Ros i 1 aar (ood quamv & h!lt!d and dec Tina Bliss Trivmbrs. U, 8. o, showing some decay. 1 Triumphs. 1 homa, Bliss Triimphs. ity _&nd condition, TR cnowing heaced and. deens 1.20; Oklahoma Cobbiers. U. S. No rales showing deca: 1.1 Louisiana Bliss Triumphe, U. 1. and ‘partly graded. Mls!issmbt Blli Triumphs. U. 1, good un condition, few 1.5 Klnsns Cobblers, partly \itaded car. 118 few PHILADELPHIA PRODUCE. By private wire direct to the Star. -_All time shown below {s daylight saving on which the Exchange is now operating. 2:30 Stockand Bales— Dividend Rate. Add 00. Acme W vto (2).. 508 AeroSupplyB_.. 8 Agfa Ansco. ... Alr Device Cor Afr Invest cv pt Ala Gt South (3). Ala Pwr >t (6) All'd I I evpf bile Aluminum of Am Aluminum Ltd _ Am Airlines Inc_ Am Box B'd b70c. 2 20 194 Am Centrifugal T A% 4l AmCP&LBb306 1 3% 3% AmCynm B t60c. 9 30% 29% Am Equita22ic. 1 4% 4% Am G&E (1.40) _ 4 301 30 ’10‘& Am G&E pf (6).. 758106 106 106 Am Gen (a50c) .. 1 9 9% 9% Am L &T t1.20., 1% 174 Am Maracaibo 1% Am Seal Kp a30; 6% Am Superpower.. 14 Am Superpwr pf_ Am Superp 18t 6. Am Thred pf 25c_ Angostura(t20c). A G . Low. Close. 45 45 25 258 408 60‘/1 308 9 2508 140 137% 8008 108 106 9 224 214 Ark NatGcupf.. Ark P& L pf (T)- Ashland Oil t40c. AsSOG&E (A) . Asso G & E 85 pf_ Ass0 G & E war Atl Cst Fish b3e Atl Coast La2% - Atlas Corp war _ Atlas Plywd 13 Austin Silver Auto VM (1+50¢) - Avery & Son ____ Babcox & Wil4 _ Barium Stain Stl. Bath Iron Wks__ Beech Aircraft Bellanca Afrcraft Bell Aircraft Berkey & Gay. Bliss (EW) _ Blue Ridge(bl5c) Blue Ridge cv 3__ Blumenthal (S) Bohack HC 1st pt Bowman Biltmr_ Bowmn-Blt 1st Brazil TL&P bd0a Breeze Inc(a7ic). Brewster Acro Bridgpt Mch b25 Brill Corp (A)_ | Brill Corp (B)_ Brill Corp pf Brillo Mfx (80 | Brit Col PA 1.80 BrownCopf __. Rrown F (b30e) _. Brown Forman _ Ruckeye PL (4)_ Bunker Hill& S Burco cv pf (3)__ Cable El Prod vte Cables & Wire B Can Ind Alco A Can Marconi Carib b}nd(bSOC) Carnation (1) _ Caro L&P pf(6) _. Caro L&P pf (7). Carrier Corp Carter (JW) 80c_ Casco Prod b2% _. Catlin (a40c) ._ Celluloid Corp __ Cen Hud G&E 80c Cent States El. Centrif P t40c Charis (11%) Chi Flex Shft (4) Chief Con Mining Childs Co pf Cities Servic Cities Servpf . Cities Sve pf BB Cit Sv P&L $6 pt City Auto (160c)_ Claude Neon Lt Clev EI Ilu(+2) _. Cleve Tractor ... Colon Dev Ltd Colo Fuel&I war. ColtsPF A Col O & G b20c.. Col Pict (11) Comwlth & S wr Comnuty P&L 18t Cons Afreraft __. Consol Copper __ C GEL&P Bo 3.60 Cons Ret S pf(8). Consol Steel __ Contl Roll&S Fy_ Cooper Bessmer Copperweld 11.20 Cord Corp Corroon & Reyn _. Cor'n&R nf A h3 Cosden Oil (Me)d Creole Pet t(50¢) Crocker-Wh al0e. Croft Brewing __ Crown Drug Co__ Crystal Oil Ref__ Cusi Mex Mining. Darby Pet (50c) . Dayton Rubber _ Dennison 7% Derby Oil & Det Pap Pr 125 Det Stl Prod b7sc Distill Ltd b Diveo Twin Trk Draper (12.40) __ Dubelier Conds _ Duke Power (b2 Duro Test (40c) Duval Tex a50c.. Eagle P Ld b20c. Estn G&F Apf3. FasyWM B bilc. El Bond & Share. EIB&Spf (6) _. El Shareholding'.. ElSh pf ww(6) ._ Electrog'phic t1._ Slectrol Inc v t e. Equity Crp a25c.. Evans Wall Ld__. Fairchild Aviat__ Falstaff Br 111 .. Ferro Enam b75c Fidelio Brewery | First NS 1st pf 7 Fisk Rubber Fisk Rub pf (6) Fla P&Lpf ___ Ford(Can)A (1) Ford Ltd b21.3c__ Froedert (1.20) __ Froedt cv pf 1.20. Gen Allo: Gen Tele (b25¢) . Gen Tire & Rub__ Gen T&Rrts Ju 2. Gen WG&E pf (3) Gilb't ACa6235¢- Glen A Cb123;c Godchaux S A b2 Godchaux Sug B Goldfield Consol . Gorh'm vte b75c . Grand Natl Flms Grand Rap V (1) Gray Tel PS (1) tLong I L pf B(6). | Niag Hud Power | Pennroad (a25c) - | Penna Salt b3y | Pepperell Mfg 16 1008 | Rossia Intl Corp - THE EVENING STAR NEW YORK CURB MARKET 2:80 Stockand Bales— Dividend Rate. Add 00. Lake Shore (14).. 2 Lakey Foundry.. 2 Leonard Ofl ___.. 1 Lion Ofl Ref (1) 16 Lit Brothe: 2 Lockheed Afr.. 3 Long Island Ltg.. 5 258 16 High. 48% % 1 29% 4 11% 319 6614 Loursana L4 40 Lynch Corp (t2). McWillma D t3.. Mangel Stores... @ Margay Oil (1) Marion Stm Sh.. Maluey Harris _. ter Elec (1) . Memn NG (bl0c) Mer & M pt pf t2_ 50 Merritt Chap & S Merritt C&S pf A 25s Mesabi Iron _ Mich Bumper _ Mich Gas & Oil.. Mid Sta Pet (A) .. Mid Sta P vtc(B). Mock Judson 60c.. Molybdenum Montr HL&P 115 1508 Mount C (a2lc) . 2 Mount Prod(60c) 1 Mount St T&T 8. 30s Nat Bellas Hess_. 15 at City L b23c... t Cont (bs0c) . Nat Fuel Gas (1). Nat Rub M a20c_. Nat Service Nat Service pf Nat Sugar N J(2). Nat Trans bé5c . Nat Union Radio. Neptune Mab0c A Nev-Calif Elec New Hav Cl 1 NJ Zinc (12) - NY Merch (80¢)_. Y P& Lpf(6)- NY Shipbldg - 1 Y Water Svpf. 10s ewmont Mbil 1 18 g1 Plstpfs 100s Niag H P(A)war 2 Niles-Bem-P (bl1) 4 Nipissing(b25c). 1 Noma El (b40c)_. 5 Nor Am L&P pf .. 400s NoAmRavAbl_, 3 Northn Euro Oil. 10 o NY Ut pf (7)_. 268 NortStatesPA _ 2 Nor Tex Bl pf(d). 1 Novadel Agne(2). 2 Ohio Br (B) b1l 50s Ohio Edis pf (6) . 258 Ohio Oil cu pf(6) 1 Okla Nat Gas 3 Okla Nat Gas pf. 100s Oldetyme Dist __ 4 &Epf137% 1 ac P&L pf b3y lfln Pac Pub Sve - Pac Tin spe (12) . 100! Pan-Am Air (t1). 3 Pantepec Oil 33 Kersburg Rig. T T 00 D L3 138 1 1 15% 117 15 11l Y 4 241 6 138 1% 15% 108 2% e 50 41 0% u % 102102 1 20 19 1 321 32 R B6ly 9715 9Tiy 109% 109% 1 12% 124 5 108 258 Pa P&L pf (6) | Phila Co (h65c) - Phoenix Secur.__ Phoenix Spf A 2_ Pioneer Gold 40c.. 2 ! Pitney Bow t40c_ Pitts Forging Pitts Metallur t1. Pitts Pl G1(b2%) Plough Ine 1.20.-. Potrero Sugar Pratt & Lamb b-_ Propper McC (d). Prud’t’l Invajs0e_ Prud't’l Inv pf 6 Pub S Colo pf(6). 30x Pub Sve Ind pt 108 Pug Sd P&1 §6 pf 1008 Quaker Oats (5)_ 100s Raymd Con (t1)_ 50a 1508 4| Raytheon Mf vtc Reed Roll B 180c_ 1 Reiter Foster __ 8 Root Pet (b23c) _. 4 Root Pevpf1.20. 1 1 Royal Typw bl s Rustl, 1& St1 Nustls 1&S pf 214 Ryan Consol - St Lawrence C_.. St Regis Paper_.. Samson United. .. Savoy Oil . Segal Lock & H . 1 Seiberling Rbber Selected Indus . 6 SelInalletf 535 1508 Sel Inm prpf(515) 200s Sent Saf Control . 3 Seton Leath a50¢ 2 Seversky Afr _ Shattuck Den Shawin W&P 80e. Sher-Will (t4) Sonotone (al0c) . SoCal EdpfC1% Soutl'd Roy b20c._ Spencer C S b75c.. Stand Brewing _. Stand Oil Ky +1__ Stand Oil Ohio t1. Stand Pwr & Lt__ Stand Prod b75c. Stand S& L (4c) - Stand St1Sp a2 Starrett Corp vtc. Sterchi Broa3lc. Sterl Alum b25c .. Sterling Inc t20c. 50 50 5 . 1 1 12 2 1 6 2 Stetson JB b50e._. Stutz Mot C (d) _ Sunray Oil (b5e). SunrayOcupf2¥% Sunshine Min(3) Swiss Am El pf__ Taggart Corpn.__ ‘Technicolor a50e ‘Tech Hughes t40¢ Texon Oil&L 60c. Thew Shov a50c_ Trans-Lux t20c_. Tubize Chatil Tung-Sol Lamp.. Un G Can b273%c- Utd Corp war .. Unit Gas Corp_. Unit Gas war Unit Gas pf h:%. Unit Lt &P (A).. UnitL&PpfA Utd Milk Prod(2) Utd Shipyds B_ USFoll B(1) _ US&IS 1stpf b2 14 U 8 Rub Reclaim. Unt Ver Ex (b1) - Unit Wall Pblsc_ 4 Util P&L pf (d) .. 1350s 14 Utility Equities_. 6 4% Util & Indus pf__. 2% Venezuela Pet_.__ 1 Waitt&B(A)ab0e. Walker Minmg Well't'n Oil Del W VaCoal&C Wilson-Jonesn__ Wright Harg t40¢c Yukon Gold (béc) 17y 116 114' 11 1013 28% 26%, 4 45 53 531 4 23 o S WA a0 IR W 029 F 2% Grt A&P T nv t Greenfield T&D. Groc Str Prod Gulf Ofl (b25¢c) Harvard Brew __. N Hearn D S b1.65.. PHILADELPHIA. June 28 ().—Live Fowl, fancy. Plymouth Rock, ‘mixed_colors. Leghorns, fancy, ol . 18-24; crosses, 9; Red broilers, 16-17: 18: ° ducks, ~white 6: old ducks, 3.4 dressed poultry. fowl, fresh killed, in 1815-22: chickens.'all sections, 22- is old roosters, dry plcked, 15-17; Spring ucks. Long Island. 1¢- Butter—Top grade: 91, 3014: 90, 2! A 2 30%- 7. 370 garlicky, 2 i 89, 20; 88, 274 NEW YORK SUGAR. YORK. June 28 (& .—Sugar fu- tures were steadier todav. especially the No. 4 contract on further covering and buying by trade and commission houses encouraged by steadiness at London. There Vere DATLIAL Belbacks under heage melliap September Nc . _which sold 1.95%, ruled around 1 ning of the last hour, list was about 1 point net higher. 3 contract wac unchanged to 1 point, net Llower. September eased from 2.53 to 2 AUTO FINANCING GAINS. ‘The Bureau of Foreign and Domes- tic Commerce says retail automobile neing in May increased 5 per cent over April, 9 per cent over May, 1936, and 61 per cent over May, 1935, & Hecla Min b45c _ Hewitt Rub b50c_. Hollinger G t65c. Hud Bay M b75c... Humble Oil(13%). Hydro EI S b20c_. Hygrade Food P . Hygrade Sylv(3). Illinois lowa Pw_ Imp Oil reg t50e_ Ind Pipe L b30c _ Ind Sve 7% pf - Ind P&L pf 6% _ Indus Fin 7% pt Insof N Am 12 _ Intl Pete (t1% Intl Radio b2ic Int Rad rts Ju 22 Intl Util (A) . __. Intl Uti1 (B) Intl Utilities war Intl Util war new Iron Fire vte 1.20 Ital Superpw A _ Jacobs(FL)b50c. Jer CP&L pf6 . Jonas&Nbg blsc. Ken-R T b37%c¢.. KingsCLptB 7. Kingston Pr 40c._. Kirby Pet (20¢).. 3 | puartly or e gravity scale, ‘98¢ eet Towas scale. Arkansas_gravity scal Rocky Mot sravity scale. 950 stern (Bradford-Allegany). BOSTON, June 28 Deparimeni of toaay though practic ons lots containing the grease, delivered carload Was reporte concession from this firm at 4344 cents three-eighths blood quarter _blos quarter bl area — Pen sylvlma in Bouthwest Pennaylvania lines.. same grade in Eureka lines_ $2.52: §i*de 1o Buckeve lines, $2.37. Low. Close. 48% 44 1 4. !l‘& 8% 29% 10 6 38 154% % 02 19 1% 324 5613 974 09y, Dividend rates in dollars based on last d 2 Tecelvership, the bankruptey CRUDE OIL PRICES. , TULSA. Okla., June 28 (P —Base crude ol PICES iment area—oklahoma-Kansas. 0 $1.30; North, North Central and West, gtntnl T East Texas, (Pérmian _Basin). R4c to $1.08: ;- North u.mf le. 90c to BOSTON WOOL MARKET. (United 8tates %0 B i Agriculture) merket was quoted mostly si Y no business and eo lz d Securitios assiumed by Such com: untain ares—Bait Crék Vo, to rade ;‘nde ‘Corning, rm was e. Country packed medium Ohio fleeces in combing lengths of three-eights and quarter grades tosether were auoted mostly 42-43 cents in clothing occasional lable at a slight range. oD (the erense d_42-43 cents Graded combing spot Ohio fleeces were for for ! housen asked 4. ts for the $hree-eighths and 44 cents for the three: - ool for WAGE COST RATIOS DIFFER WIDELY Range From 3.7 to 35.8 Per Cent of Manufacturing Expense Totals. pecial Dispatch to The Btar. NEW YORK, June 28.—The labor situation is assuming an increasingly important role in the otulook for corporation earnings, and there is a widespread interest in the ralative labor costs among individual in- dustries and companies. Unfortunately, few companies are willing to disclose their labor expense in relation to total costs, but this is fully understandable. Such information naturally would be valuable to competitors. There is also a serious lack of in- formation regarding labor costs by industries, and no complete statistics on this subject are publicly available. However, a close approach to the relative position of the various in- dustries can be obtained from the information complied by the United States Bureau of the Cemsus. The Standard Statistics Co. has computed these relative wage costs from the census figures for 1935. It should be kept in mind that the statis- tics apply only to the actual manu- facturing process. If the labor enter- ing into the raw materials used were included, the proportionate labor costs would obviously be much greater. While the figures refer to the rela- tion of labor costs to the value of the products, rather than to total costs, they are still significant in revealing the importance of labor to the several industries. ~ All other factors being equal, an industry with relatively low labor costs is in a more favorable earnings position at this time than one with a high wage expense, in view of the general upward trend of wage rates. The following table shows the per- centages of labor costs to the total value of products in various important manufacturing industries, Per cent. aints Fertilizers Automobiles Tin cans Chemicals Non-ferrous met Printing and mm“smn: Bakery products = Electrical equipment Iron and steel Automobile parts Radio Farm impl(-m!mn, Textiles Msrlnnery Glass Shoes t Shipbullding Washington Exchange SALES. Washington Rallway & Electric pfd.— 10 at 111; 10 at 111; 10 at 111, AFTER CALL. Capital Traction 5s—$1,000 at 88; $500 at 88: $1,000 at 88. Mergenthaler Linotype—10 at 43, Capital Transit Co.—7 at 10%4. Riggs Bank common—2 at 322, 5 | Lanston Monotype—2 at 90; 4 at 90. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel 4 Anacostia’ & Pot Ana. & Pot“Guar. o P. Tel. of Va Cap. Traction R. R. 58 City & Suburban_bs Georgetown Gas 1st 3 Pot. Eiec. Pow. 3iy Wash. Gax 55 105 Wash. Gas 8s 1260 Wash. Ry. & Elec. 4s MISCELLANEOUS. Chase Club 1st 4'4s__ 104 Cold Storage 55 ___ 100 STOCKS. PUBLIC UTILITY. Tel. & Tel Transit ) 25 (oo Sori~oRTa -, o 535 FRAIAD: Chevy WM, Pr. Georlu Bk & Tr. (.50)_ Riges (eR)_ Rigss pfd.” (5) Washington (6) __ _ Wash. Loan & Tr. (eR American Corcoran | Firemen's 0) ational Union (.60) TITLE INSURANCE. Columbia (.30) 11 Real Estate (8) 170 MISCELLANEOUS. Carpel Corp. (2.00) i Lanston Monotype (+4) Lincoln Serv. com ($1.00) Lincoln Serv. pfd. (3.30) __ Mergenthaler Lino. (2.00) Peonles Dr. St. com. (£1.00) Peoples Dr. St. pfd. (A.50) Real Est. M.&G. pfd (**.70) Security Storage (5) Ter. Ref. & Wh. Corp. (3) Wdwd. & Loth. com. (+1.50) Wdwd. & Loth. pfd’ (7) ___ *Ex_dividend b—Books closed. er—Ex rights, IPlys extras. % extra. o Sxire. Xt p'xe shine 30. 1936 45c pald De- umbzr 22, — DIVIDENDS ANNOUNCED NEW YORK, June 28—Dividends de- clared: Interim. Pe- Stk.of Pav- Rate,riod. record. able, Golden Cycle: Corp._ $2 6-28 Increased Cressan Cons Gold ng -----4c Q 6-28 6-28 Regular. .50 Q Oliver Uni Filter 7-20 8&-1 CHICAGO LIVE STOCK. CHICAGO. June 28 (™ (U. B. Depart- ment of Agriculture).—Hogs. 16,000, in. cluding 6,600 direct; uneven. good and choice hogs, 180 pounds down, fully thers weak to 10 lower than verage: packing sows, 10:15 off: g welght, sows 28 oft in | -0! 15 350-450-nun¢ packing sows. Cattle 17, A’mfl cflves 2.500: nearly one-third recelpts comprise Bouthwestern and native grass cattle. mostly stockers _slaughter kinds, 35-50 under last grain-fed steers and ¢ | Veariings " steads it lght helter and mixed vearlings showing corn fully stead bulls steady Jdower: vealers stend early ‘top fed 1525; yearlings. 15°00: ‘Retter yearun 3.00; numerous [ loads ‘steers, 12.75-14.00: fed heifer crop very small but excessive supply l cattle here: outside on weighty sa Buils, %10: Smedium Clight grasst, buks showing maximum downturn; vealers, 9.50 down: few selects, 10.00 8heep. ~ 6.000. including 3,500 _direct: Spring lambs _opening slow: early sales natives fully 50 lower than Friday: top. 12.00 paid by small killers: most sales to Backers 1150 down: sheep about steady: slaughter ewes. 3.00-4.50. MONTREAL SILVER. 28 (#).—Bilver fu- anged. July, .20b; WASHINGTON, D. C, MONDAY, JUNE 28 1937 FINANC1AL. Number of Federal Employes MUSAM OF at New.Peak Number of Porum on Federal Pay Rolls—Figures Include Both Civil Sprvice and Non-Civil Scrv-u Officials and Workers ‘30 31 SOURCE OF ORIGINAL DATA: U. S. CIVIL SERVICE COMMISSION ionarmote: 1907 2 Tos Shtgen Wb ) ‘32 THOUSANDS OF EMPLOYES ‘33 ' "B BN 29 6t New U. S. Wheat Sells at Highest Price Since 1929 By the Associated Press. CHICAGO, June 28 —The first car of new United States wheat consigned for the Chicago open market this sea- son sold today for $1.21'; per bushel, highest price for new wheat since 1929, It was received (by James E. Ben- nett & Co.) from Southeastern Indi- ana. It graded No. 1 red tough, con- tained 14.4 per cent moisture and weighed 61.8 pounds per bushel. GIFT TAX ESTIMATES SHOW LARGEST ERROR By the Associated Press. Treasury reports indicated that tax experts made their worst-estimate for the 1937 fiscal year in forecasting revenue from the gift tax. For the first 11 months of the fiscal | period ending June 30, this levy pro- vided only $21,738,000, compared with $159,655.000 in the same period last year. The estimate for the entire 12 months of this year was $110.000,000. Officials said receipts from the gift tax are the most difficult of all to estimate, because none can tell how many persons may make gifts in any period, or how large gifts will be, THE WEATHER District of Columbia—S8howers this afternoon and possibly tonight; to- morrow fair, rising temperature; gen- tle north and northwest winds. Maryland—Partly cloudy, preceded by showers in east portion this after- noon and possibly early tonight; to- morrow fair, rising temperature. Virginia—Partly cloudy, possibly preceded by showers in east portion this afternoon and tonight; tomorrow partly cloudy, slowly rising tempera- ture in west and north portion. West Virginia—Partly ecloudy to- night and tomorrow; slightly warmer in extreme east portion tomorrow. River Report. Potomac and Shenandoah Rivers very muddy today. Report for Last 48 Hours. Temperature. Baromet Saurday— Desrees.” ~ Inche Record for Last 24 Hours. (From noon yesterday to noon today.) Highest 75. noon today: vear ago. 1. west. am. today: vea 69 Record ‘l'!mntn‘nres This Year. Highest, 93, on April 18, Lovestt £5) o ARTLAES 2a. Humidity for Last 24 Hours. (From noon yesterday to noon today.) Highest. 95 per cent. at 7 am_today. west. 70 Der cent. at noon today. Tide Tables. (Furnished by United States Coast and Geodetic Survey.) Tomorrow. . 11:29 a.m. 5:00 a.m, The Sun and Moon. Rises. 8un, today 4:44 Sun. tomorrow__ 44 Moon. today 10:21 p.m. Automobile lights must be one-half hour after sunset Precipitation. Monthly precipitation in inches in the Ospital (current month to date): Month, 1 Average. January 4.53 turned on Recor 5 K3 ) ) i1 6 9 .6 4 4 S 6 7.5 74 6 74 66 4 % ae Siicion e, Chicago. ~fll Gincinnati, Ohlo Angeles Loutsville, Ky Miami, an-sl PI\IL New Orleans 3 New York, aha. Neb) Philadelphia Phoenix. Aris Pittsburgh, Pa. Portland, Me. igh, 'N. Sait Lake Oity- 8an Antonio 29. 8an Diego. Cal San_ Prancisco . Louis, = FOREIGN. (7am., Greenwjch time. toda.y) Stations. Temperature. Weather. London, England Paris, France Vienna. Austria _ olm, Gibraitar.* Bpain 81 Horta D20 l\or:e nwich time, today.) orta (Fayal). Asores Current m:vm%n) s Cloudy Cloudy & Baltimore Markets Special Dispatch to The Star, BALTIMORE, Md, June 28 —New, potaties, barrel, 1.50a1.75; sweet pota- toes, bushel, 75a1.50; yams, bushel, 65a 140; asparagus, crate, 1.00a3.25; beans, bushel, 50a90; nearby, bushel, 85a1.15; beets, nearby, bunch, 1'2a2; cabbage, pointed type, hamper, 25a50; nearby, pointed type, hamper, 40a50; bushel, 20a35; round type, bushel, 40a 50; carrots, California, crate, 4.50a 4.75; Texas, topped, bushel, 2.00a2.25; New Jersey, dozen bunches, 30a40; caulifiower, crate, 1.75; celery, crate, 1.50a4.50; corn, crate, 1.25a2.00; cucumbers, bushel, 50a1.75; nearby, half bushel, 75a90; egg plants, bushel, 1.00a1.25: lettuce, Western, Iceberg, crate, 3.00a4.25; Eastern, Big Boston, crate, 60; lima beans, bushel, 2.00a 2.75; onions, 50-pound sack, 90a1.25; peas, bushel, 1.50a2.00: peppers, crate, 2.6083.00; bushel, 75a2.25; spinach, nearby, bushel, 40a60; squash, nearby, half bushel, 50a75; tomatoes, lug. 50a 1.50; apples, box, 2.40a2.75; bushel, 50a2.00; blackberries, crate, 1.00a3.00; cantaloupes, crate, 3.00a4.25; cherries, nearby, sweet, pound, 8al0: Morello, pound, 2'>a4; grapefruit, box, 4.00a 4.50; Honey Ball melons, crate, 3.25a 4.50; Honey Dews, crate, 3.00; huckle- berries, quart, 12al5; oranges, box, 2.7525.00; peaches, half bushel, 75a 1.40; bushel, 2.50; raspberries, red, pint, 8a10: black, quart, 10al5; water- melons, each, 60a65. Dairy Markets. Live poultry—Broilers, Rocks, pound, 20a23; mixed colors, 20a22; Leghorns, 15a18; fowl, Rocks, 19820; mixed col- ors, 17a19; Leghorns, 13al5; roosters, 10a12; ducks, 12al4. Eggs—Current receipts, dosen, 20; hennery whites, large, 23a24; medium, 21a22. Receipts, 1,012 cases. Butter—Prints, pound, 34a35: good | to fancy, creamery, 32a33; packing stock. 16al7; rolls, 19a20. Receipts, | 699 tubs. Live Stock Market. Cattle—1,450, including 400 hold- over; general market slow; steer sup- | ply consists mostly grain on grass and | straight grassers: rank and flle steers and cows 25 to 50 cents or more lower than last Thursday: bulls fully steady: few best finished steers only, weak to 25 cents lower, being good grade 1,100 to 1,180 pounds st 12.00 to 12.10; bulk other steers, 9.00a11.50; very plain light weights below 9.00; odd head | beef type cows to 8.50: sprinkling good grade to 8.00: plain and medium grade fat kinds, 6.00a7.00; low cutters and cutters, 4.25a5.75; “shelly” kinds, 4.00 or Jess; plain and medium bulls, 6.00a 7.25; good grade to 9.00. Calves—400; steady with Friday; good grade vealers, 10.00a10.50, mostly: plain and medium, 8.00a10.00. | Hogs—1,000; mostly steady with Fri- day; sows 15 cents higher; good and | choice grades, 170 to 210 pounds, 12.35 al2.60; practical top, 12.60: 220 to| 250 pounds, 11.95a12.35; 260 to 300 pounds quoted 11.25a11.95; 140 to 160 pounds, 12.10a12.40; 120 to 140 pounds, 11.25a11.7: good packing | sows, 10.15a10.65; hogs from doubt- ful areas not represented in above | prices. Sheep—1,300; market not fully de- veloped on new crop lambs at 11 am. few opening sales small lots smdv with Friday, mainly from 12.00a12.25; small lot, 12.50: bucks. 1.00 less: bulk supply unsold and undertone weak to | lower: plain and medium grades, 9.00 111.00: fat shorn slaughter ewes steady, from 4.00 down. Grain Market. i Opening prices were: Wheat, No. 2‘ red Winter, garlicky, spot domemc,\ 1.20. nominal (old). Settling prices | were: No. 2 red, Winter, garlicky, spot, domestic, 1.20 (old). Corn, No. 2 yel- low, domestic, 1.18; Western billing at | a premium over this price. Cob eorn nominal. Oats, No. 2 white, domestic, 60a70; No. 3, 59a69; with the ex< ception of grain on track there is an additional charge of 1'; cents per bushel for storage and elevation. Rye, No. 2, 1.10a1.15. Barley, 70a75. Hay market holds steady to firm| under a good demand for timothy and clover mixed at 17.00a22.00 per ton, but it takes well-graded No. 1 stock to bring the price. Poorer grades hard | to sell and market irregular on all| grades below No. 3 stock. Sea Food Market. Catfish, pound, 5a6; dressed, 8al0; | carp, 3a4; eels, 8a10; haddock, 8a10; mackerel, 5a6; rock, 10al2; white perch, 6a8; yellow, 8al10; trout, 5a6; bluefish, 8a10; flounders, 10a12; croakers, 4a5; spots, 4a5; hardheads, 4a5; butterfish, 5a6; soft crabs, dozen, 9021.50; hard crabs, barrel, 3.0024.00; dozen, 20a40; crab meat, pound, 25a 50; shrimp, 15a30; clams, large, per 100, 80890; Cherrystones, 60a65; Little Necks, 50; frogs, each, 20a35. ‘Tobacco Market. Maryland farm leaf, nondescript, 3a 4 per pound; common, 4a10; medium, 10830; good to fine red, 30a40; sec- onds, common, 3a7; medium, 7a15; good to fine, 15a35. VISIBLE GRAIN SUPPLY. NEW YORK, June 28 (#).—The visible supply of American grain shows the following changes (in bushels): ‘Wheat increased 1,474,000, corn in- creased ¥686,000, oats decreased 723,- 000, rye decreased 89,000, barley de- creased 681,000, RUBBER FUTURES. EW YORK. June 28 (&).—Crude rub- b, uzu ier, 13 to 22 low. July, . 19.58-88; De- aember, m.'li1i 83, Smith Retires As President of Brooklyn Edison By the Associated Press. NEW YORK, June 28—Having reached the retirement age of 70, Frank W. Smith, president of Brook- lyn Edison Co., subsidiary of Con- solidated Edison Co. of New York, resigned today, Smith, who reached the age limit June 22, will continue on the Board of Trustees of the parent concern and as a director of its affiliated companies. Officials of Consolidated Edison said no steps had been taken toward the appointment of a successor as head of the Brooklyn company. AMERICAN AIRLINES SETS TRAVEL RECORD ! ; by the Associated Press. NEW YORK, June 28—American Airlines established a new high record with a total of 13,084 revenue passen- gers carried in and out of New York during May. Previous record was 11,284, in October, 1936. —_— CIGARETTE OUTPUT UP. Treasury statistics show production of cigarettes totaled 13069936403 during May, compared with 12,024,- 856,900 in the same month last year. Y REFINANCE AT 4',% ON CITY CENTRAL BUSINESS PROPERTY Ease your mind for 10 years. Construction loans on busi- ness property also invited. [SHANNON & LUCHS Morteage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. N.W. Natl. 2345 TRADE ADVANGES ONBROAD FRONT Guaranty Trust Stresses Gains Over Year Ago, Despite Strikes. Bs the Associated Press. NEW YORK, June 28—Although industry has felt the effects of pro- longed and erippling strikes, business generally has managed to move fore ward on a broad front, said the Guaranty Trust Co. today in its monthly survey. “The movement of railway freight has declined in recent weeks by slightly more than the normal sea« sonal amount, but remains substane tially larger than a year ago,” the sure vey said. “Electric power production has shown no significant recession from the high levels that have been maine tained .in recent months. Sales of department and chain stores in May showed approximately the normal seasonal gains and continued to run considerably higher than the 1938 figures. Commercial faflures last month were more numerous than in April or a year ago, but the liabili- ties involved were smaller. Factory employment showed a slight ine crease, contrary to the usual sea- sonal tendency.” In spite of these encouraging signs, business is watching the strike moves ment with “grave concern,” said the survey, “The feeling appears to be growing ‘among business men.” it concluded, “that the present relations between labor and capital contain possibilities of such a serious nature that the ene tire recovery movement may be ime periled, with untold losses to both sides, unless some change of a rather fundamental sort can be brought about.” METAL MARKET. ‘rzw YORK. | /) —Copper ure 14 00: steady. spot. iture 58825« June 28 Zinc steady; Louls’ spo: and future 875 Iroq No. 2 tob Eastern Pennsylv Alaba ntimony, _spot. 99.00 Platie 24.00-25.00, 7 00- ver. 2.00. Wolframite, FREIGHT LOADINGS. - NEW YORK. June 2% (P —Revenus freight carloadings on railroads resorting today for the week ended June 26 inc: Jue 26 Prev. wk. Yr. Agm 37358 30055 2R 47K 28035 27750 25,753 Atchison $t. Paul OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1418 Eve Phone NA. 3184 Money for Construction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGE . BORGER 643 Indiana Ave. N.W. Nat’l 0350 ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE B UILDING ASSOCIATION 915 F STREET N.W. Organized 1879 Consider These Facts When You Wish To Arrange A REAL ESTATE LOAN ® LOANS on improved or jo be improved real estate— as low as - 37.50 PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United States. PERPETUAL has over 55,000 bor- rowing and vings membe per thousand per month’ including interest and curtail . . . No commis- sions . . . No renewal fees. Let us help you solve your problem with a Perpetual loan. PERPETUAL'S Board of Directors keep in close contact with the officers and materially assist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. § Treasury Dept. are sup- plemented by special C.P.A. audits as well as its own Auditing staff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12.000 000 for the year. PERPETUAL ASSOCIATION 11th & ESTREETS,N.W. ESTABLISHED 1881 Largest In Washington=Assets Over $43,000,000 ARTHUR G. BISHOP Chairman of The Board MARVIN A. CUSTIS EDWARD C. BALTZ Prestdent Secretary