Evening Star Newspaper, July 1, 1937, Page 13

FINANCIAL. BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star. CORPORATE BONDS STAGE ADVANGE Rails, Industrial Convertibles and Federal Loans Lead Upturn, Bend A\ erages Rnllk Influst Ulll an + .1 —2 +1 4.1 9141024 959 725 91.01026 958 724 93.4103.1 983 7T1.9 92.3103.1102.1 6838 99.0104.4 1028 74.7 90.9102.2 958 70.5 98.2104.4103.1 73.0 6.9101.8 99.3 67.6 458 400 646 422 101.1 98.9102.9 100.5 Net change. Today noon. Prev. day Month ago. Year ago... 1937 1937 1936 1936 1932 1928 Noon Month ago 110.7 Year ago. 111.7 1937 high_ 113.7 1937 low__ 108.4 1928 high. 104.4 1932 low__ 86.8 (Compiled by the Associated Press.) B) the Associated Press. NEW YORK. July 1.—Rails, in- dustrial convertibles and United States Governments were leaders in a rising bond market today. Gains were well nfhintained in late trading in spite of the substantial ground covered in the rally which started Tuesday. The Federals 9-32ds of a point. the best advances. Improvement ranged from 1 to 3 points in M-K-T 5s. Great Northern 4s. Missouri Pacific 5s, Southern Rail- way 4s, Youngstown Sheet & Tube 3125, St. Paul 55, Chicago & North- western 4%s and Baltimore & Ohio 4'.s. Japanese issues were heavy foreign sector. about 1. were up 1-32d to Treasuries scored in the Uruguay 6s moved up First National Earnings Climb in June Quarter B the Associated Press. NEW YORK, Julv 1.—Condition statement of the First National Bank of New York indicated earnings for ® share of capital stock. against $25.18 in the preceding quarter and $32.14 In the corresponding period last vear Indicated earnings for the first half were $56.81 a share, against $51.78 in the first half last y SMALL DECLINE SEEN IN TIRE SHIPMENTS B the Associatea Press. NEW YORK. July 1.—Shipments of pneumatic casings in April were es- timated at 5,560.453 units, a decrease of 3.9 per cent under March, but an increase of 13.4 per cent over ship- ments made in Aprii. 1936, according to the Rubber Manufacturers' Asso- elation, Washington Exchange SALES. Real Estate Mortgage & Guaranty Prd—40 at 43, Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer. Tel. & Tel. 4125 AmaCosta & por A City & Suburban’ Georgetown Ga ot. Elec. POw. Vash. Gas 535 19, 1 Wash, Gas 38 19 Wash. Rwy. & L 4y 106 MISCELLANEOUS, Chase Club 1st 4'es 104 . Cold Storage bs 100 STOCKS. PUBLIC UTILITY, mer. Tel. & Tel. (8) pital Tignsii Co & eamboat (6) ot. lgn‘ec Pow. 6. Sec. & Tr. Co. (e oK of Bethesdn (515 Capital (4 ‘om. & Savings (e10) iberty (1) incoln (¢ National Sav. & Geoters Bk & Tr. Eiggs (ek, b BRX DId (51 __ g thington (6) sh. Loan & Tr. (eR) 275 FIRE INSURANCE, American lnv e rooran (5 = Fremens Loy = ational Union (.60) TITLE INSURANCE. Folumpia (30, 1 Estate (6) _ 17 MISCELLANEOUS. ‘arpel Corp (2.00) ston_Monotype (14) incoln Serv. com. (+1.00) incoln Serv. pfd. ergenthaler Lino. «2.(6) eoples Dr. 8t. com. (i1.00) eoples Dr. St. pfd. (850 eal Est. M.&G. pld. h Security’ Storage () Ter Ref. & Wh. Corp. dwg & H)lh com o5) (.50) w 4.50) CHICAGO PRODUCE. CHICAGO. July 1 (®.—Poultry. live, b4 frucks: hens steady. chickens weaik: hens. ver 5 pounds. 1712: 5 pounds and less. $ horn hens. 12 ryers, colored D moih amd White Rocks. 20° tarepacke broflers. colored. 18; Plymouth and ite Rocks. 10: barebacks. 18: Lexhorns, ;2 pounds up. H 20; Plymouth Rock. 201;: barebacks. 1K: roosters, Toosters. 121a: turkeys. s 14: No. 2 turkeys 13 white and colored, 412 pounds up. 1 ll :rear 11. creamery. spe- . 21; 1) : currenl receipts. 10: storage (o134 siorage ‘packed 1 toes, ' 105: on track, 3 Vnned Btates shipments. 1.001: c-u(orm- 1y weaker, other stock steady: sup- plies rather liberal, demand fair: sacked, hmd ld'! gh! lifornia whlle Rose, ’s. L8 sty 1.80-85, stly 'm‘ 1 and partly graded, 1 0: Marsland Cobblers. U 8. “car. fair quality. 128 North' Carol éobblers 8. No 3040 0. 8 few sales. 40 Cobhlers 8. No. 1, car. "5 Oklahoml Bliss Tri- \lmphl U. 8. No. 1. showing heated nnd decay ' 1.10- obblers, U. S_No, howing ‘heated and . decav. few lnn Alabama Bliss Triumphs. U. O nien 14005 Kantas Cobblery, . B. No. 1 and partly graded. car, 1.20. su\es No. MONEY MARKET. YORK. July 1 (.—Call mone: ;1 per cent all day: reia) paver, 1 per cent time an : 80-90 days. 1%: 4-6 mo; Soat? barkery icoeptances nachus 'ork Reserve Ba) I Approximate Transactions Today. U S Gov't Bond Foreign Bond: Domestic Bont 2145 1949-53 28,8 1945-47 2858 1948-51 2% 8 1961-54 381051-65 _ 3345 1946-49 331941 _ 31,8 1944-46 3%51940-43Tune 338104347 3%s 1943 33,8 1946 451944-54 41(8-3Y 54345 4348319475 reg 109 3m 1949 3181064 103. 2% 8 1942-44 28,s51039-49 381952___ Abltibl Pa&Pw 53 '53 Agr Mtg Bk Col 6847 Agr Mtg Bk Col 6848 Antioquia 7545 A Antloquia 18t Ts " Antwerp 5558 _ Argentine 4s Argentine 415 Argentine 6560 May Arx.l-nvlrm 6s 60 Oct 1tine 6s 61 Febr «mo-n 6361 May Australia - elgiur Rerlin Brazil 618 2 Rrazil 61.3° Beu A 45-43 ¢ Buenos A 41%:8'76 Aug Buenos Alres 435-4558 Buenos At Canada 43 60 Canada 55 52 Chile €360 Chile €561 Jan Chile s °61 Febr..... Chile 6561 Sept Chile 6562 Chile ts 63 Chile Mtg Bk 6s'61 Chile Mtg BK 656 Chile Mtg BK 61 Chile Mtg Bk 63 Chinese Gv | Colombia 6361 Jan _ the quarter ended June 30 were $31.63 | Colombia 6s '61 Oct _ Copenhagen 414853 Copenhagen 5352 Cordoba 7s " Cordoba Cuba 5% Czechoslovakla §s'51 Ger C Bk A 6s Ger C Bk A 68'60 July Ger C Bk A 65'60 Oct. Ger CBk A Ts 50 Ger Gen Elec 7 Ger Gov 538 Ger Go ‘65 un st Ger Prv & City Bank con Ag f1:8'; (‘nrlnn.(l (( d Grt C El Jap 612850 Greek Gov 68’68 Haiti 68 '52 Hung Con M 7 Italy 7s 51 | ItalCrd P WV 75’47 B Ital P U Crd 78 Japan bles” Japan 6138 Kreug&Toll 5559 cfa Lombard Elec 7s'52. Medelin 615854 Milan 6155 52 Minas Gers 613 Montevideo 65’59 Norway 4s 63 Norway 4 %8s’ Norway 412875 Norway 6344 Oriental Dev 5 Oriental Dev 6: Oslo 4325 55 0sloG & [ 5863 Panama 5s 63 stp as Pernambuco 78 '47 Peru 6s 60 __ Peru 6861 Poland s '40 Poland 7s 47 Poland 8s 50 Prague Gir 15 Prussia 6s 52 Prussia 6138 51 Rhein Main 7s Rhine Rhur 5’53 Rio de Jan 628 53_. Rio de Jan 8546 Rio Gr do Sul 68 '68. Roumania 78 ‘59 Sao Paulo C 6155 57 Sao Paulo St 65 ‘68 _ Sao Paulo St Ts 40 Sao Paulo St 88 '50 Serbs 7862 Shin'su E P 613852 Tokio 512561 Toklo E L Ltd 61 : Tyrol Hy E17%8'55_ Ujlgawa E P 7545 Un Stl Wk 615847 A Uruguay 68 ao Uruguay Uruguay 8s 45 Vienna 65’52 Yokohoma '52 Adams Exp 414546 Ala Grt Southn 4s ‘43 Alb Per \V P 6= '48 Alleg Corp 58 44 Alleg Corp 55 49 Alleg Corp 5s 50 stp Alles & Westn 4s ‘98 Am & For Pw s 2030 Am Icecv b8 53 Am LG Ch6m 49_ Am Intl 5%s5 49 AmT&T 3%s 61 ___. AmT& T 3%s 66 . AmT&T 433839 . AmT & T 5148 43 AmTF 24 Anaconda deb 4348 '50 Armour(Del)1st 48'56 Armour (Del) ¢x *57_.. Armstrong Ck 43 '50_ A T&S Fe 48°09-'55 ad)j 45 '95 st FeCA 43862 Atl Coast L 18t 48 52 Atl Coast L clt 4852 AtIC L un4%s 64 Atl Coast Line 5s 45 Atlantic & D 1st4s'48 Atlantic & D 2d5s'48 At1G & W 18t 5869 B&O Ist 4s 4 ref 6595 C O PLE&W Vg4l B&OSwnbs 50 __. B & O Toledo 4s '59__ Bang&Aroos 4s 51 Bang & Aroos 5s 43 Bell T of Pa bs 48 B Beth Steel 3% s €6 Beth Steel 4% s 60 Bos & Me 4¢%8 '61J Bos & Me 6s 67 BotCon M 6% ‘34 Bot Con M 638 34 ct Bklyn Ed con 335 ‘66 BKIyn Man T 4% s ‘66 Bklyn Un EI 68 °60 Bklyn Un G 87 B-. 560,000 1,230,000 370,000 TREASURY. All time shown below is daylicht saving on which the Exchange {3 now onuflu. Low 100.19 100.13 104.1 10222 102.18 104.18 104.16 106.6 106.6 103 106.14 106, 20 109, 111,10 111.10 106.10 106.9 10018 1104.1 102.19 104.18 106, 106, 105,17 7106.17 106.14 109.20 11 1.10 106.10 1 115.16 115,18 1 FEDERAL FARM MORTGAGE. - 10216 1 102.16 103. HOME OWNERS' LOAN. - 100.1 99.31 100. Hizh 940y 1050 1007 917% 1007« 10143 10145 1001, 10143 1021 102, Low. 1054 100% - 100.12 100.11 100.11 - 102.3 FOREIGN BONDS. 102.1 Close. ‘lllv\ N § 10148 1001 10143 1021 106 51000 1057 S 101 1011 1014 1001, 10138 1021, 106 1091 2 1007, 105% T61x 828 1001 2 1010, 1004 108 66 95 B9, 607 961, T8 96 107 DOMESTIC BONDS. 1007 108 66 9514 101 9% 1091, 105% T61% 82% 1001 10115 607 235 1874 19 51% 64 471, 9914 B9 99y 103% 1083 103%4 High. Low. Close. 106% 1056 105 101% 101% 101% . 110 110 110 83 82!s 83 23 21% 23 113% 1134 1121 1120 12314 12314 947 94% 104 104 1023% 102% 107 1063 Browrn Shoe 3% s'50... Bruns & West 38._. Buff G E4%s'81 B Buft R&P con ¢% Camag 78 42 ctfs_ Can'dian NR 4% Can'dian NR 4%s '67 Can’dian N db 6,546 Can'dian P db 48 perp Can'dian Pac 41846 Can’dian Pab 41,360 Can'dian Pac 68 ‘64 .. Cent Br U P 48'48 Cent of Ga con bs "45. 253 Cent Hud G&E 65 '57.. 106 Cent Il E& G 63’51 1004 Centof N J gen 63'87 50 Cent Fac 1st rf ¢s8'49. 1081y Cent Pac 5860 Cent P Tr Sh 48'54___ 1064 1001, C&Ogen41;8'92 Chi& Altref 3s 49__. Chi B&Q gen 45 58___ Chi B&Q 4%s5 17 Chi B&Q ref 58°71 Chi B&QI div 315849 Chi B&QI div 45 '49 Chi & E 111 6s 51 Chi Grt West 4s'59 Chi I&L gen 55°66 __ CM&SUP gn 4%5'89 C CM&StPbs 15 CM&StP&P adj582000 Chi & NW gen 33387 Chi& NW gen 45'87_. Chi & NW 428 2037 Chi & NW 41482037 C Chi& NW 43849 _ Chi & NW rf 552037 C&NW Nr W 635 '36. Chi R I&P rf 48 34 Chi R (&P rf 48'34ct?. Chi R I&P gen 4888 Chi T H&S 15t 6360 Chi T H&S Inc 6s°60_ Chi Un Sta 315851 Chi Un Sta 33,863 E Chi& W In con 4s Chi & W Ind 4%s 62 CinG&E 31,8 66 nT 3= Dgtd St Lgen 4593 Lrf4%se17E &StL StL dvis'so Clev El 111 33,8 2 1058, 1071 10415 102 1001 1055, 10015 93 981 10815 101 10515 108 107 101 3102 10014 105% 100 1001 1057 100 1081, mw Clev Un Ter 58’73 B 5 Clay Un Ter 518" Colo & So 4755 '8! imbia GRE 5361 Col & H Val ext 4548 Colum Ry P&L 45’6 Comel Credit 3 5 Com Inv Tr 3 = Cons Coal Del 860 _ ConsEAN Y 3% 846 Cons Ed N Y Cons Gas NY 4125 ‘51 Consol Of1 33851 Consum Pwr 33, 8'66. Consum Pwr 31,870 Consum Pwr 33,865 Container deb 5543 Container 6s 46 Crane Co 31,851 Cuba Northn 5155 42 Cuba RR 18t bs Cuba RR ref 7145 '36. Dayton P&L 312860 Del & Hud ref 45 43 . Den & R G con 4336 1047 104 107 1011, 100 10174 106%a - 101t 1041, 10015 dison i‘;!‘sl D dison 58 '52 Det Riv Tun 43261 Dow Chemical 3851 2 Duquesne Ll 3328’65 1047, 2 1045, 131 110t 2 1043 104% 131 1101 1 ROU TR Erieref 5 Erieref 55'75 Fed Li&Tr Francisco Sus 6s ‘56 Gen Cable51:8'47 o Gen Mot Acc 38°45 Gen Mot Acc 3%8°5 Gen Stl Cast :')‘i! 49 Goodrich 41,556 Goodrich 6545 __ Goodyear T&R 6857 Goth Silk H 5846 ww Grt Nr Ry 3%,8°67 Great N Ry 48 46 G __ 1045, 2 1017, 1011 843, 100% 1031 1041 9 9415 123% 1097 11315 105 103 117% Grt NRgn 4187 E Grt NRE%s 62 B Green Bay 5562 B Gulf M &N 55 50 Gulf M&Nbi4s Guif Sta Stl 4158 '61 Gulf Sta Utll 41346 THack Wat 1st 45'52__ Hoe (R) 18t mtg '44__ Houston O11 548 "40_ Hudson Coal 58 '52 Hud & Man Inc §s '57. Hud & Man ref 5 '57. 111 Bell Tel 335870 111 Cent ref 48 '55_. I1l Cent 4% 8 ‘66 111 Cent ref 55’55 111 Cent St L 314851 ICC&StL N O 4148'63 1CC&St LN O 111 Steel deb 4% Ind 111 & lowa 48 '50_. Int R T 1st rf 58’66 IntR T 63°32 ctfs Interlake Iron 48 '47_ Int Agr-c Int Grt Nr 58 IntGrt Nr6s'52 A __ Int Grt Nradj 68'52 A Int Hydro Elec 6344 Int Mer Marine 6s'41 Int Pap 1st 6847 A Int Pap ref 6855 Int Ry of C A 58 Intl Ry C A 61547 Int T&T cv 438 '39_ Int T&T 43852 Int T&T 68 '65._. James F & C45'39___ Jones&L Stl 4% 8'61A KansC F S&M 4836 Kan CFS&M rf4s'36ct Kans C So 1st 38450 Kans City So ref 850 Kans C Ter 18t 45 '60. Kresge Found 48 45 Laclede Gas 5839 __ Laclede G 5138 ‘53 C Laclece G 5328 60 D_ Lautaro Nit 19758 Leh C&N 415’54 A Leh & N E RR 45 '65 Len Val Har 58 64 Leh V NY 4% 5'40 gtd Leh V P con 48 2003 Leh V P con 4148 2003 Leh V RR con 63 2003 Leh Val Term 58 '41_. Lex & E Ry 5865 _ Ligg & Myers 68 Loew's 3% Long Isl ret Lorillard La & Ark 58 69 & Nash 3% 2003__. L& N Lat 482003 _ L& N unif 4540 L &N 4%s82003C_ MecCrory Strs 68 ‘61 _ McKess&Rob b%8'50 Mead Co 65 ‘45 Met £d Ist rf 43568 Mich Cent 4%s 79 Minn & St L 58'34ctfs MStP&SSM cn 48 38. 10078 281y 283, 10078 281q 281y 10ty T4ty Tliy lwy 100 100 1011 1034 103% 104 104 4 10615 104 14 22 Mo 111 58 59 MOK&T 1st4s” NL - MoK&T4s 62B. MOK&TE8 62 A e MoK & T adjbs'67— Mo Pac 48°76._ Mo Pac 58’66 A-eeeee Mo Paoc 5877 F__. Mo Pac 68 77 Fctfl Mo Pac 58’78 G Mo Pac 5s'78 G ctfs. Mo Pac 5s ‘80 H Mo Pacific s 81 . Mo Pacb%s 49A __. Mob & Ohio 428 77 Mohawk & M 43 91 _ Monong Pub S 6s '65 Monong Ry st 4s ‘60 Mont Pwr3%s 66 Morris & Es 358 2000 \Mutual Fuel G 58 '47_ Namm & Sons 6s 43 Nassau Elec ¢5'51 std Natl Dairy 3% s’'61ww 102% 101% 102 NatlDisPC43%n'46. 106 104% 105 57 86% 64% 76 16% 1147 114% 103 108 103 381 38% 384 . Low. Close. 4 10474 106% 125% 125% 95% 954 958, 958 Ny Natl Steel 43’65 New E T&T 1st ba ‘52 New Orl PS8 68’52 A_ New Orl PS 55°'65 B New Or Ter 1at 43°63 New Orl T&M 58’54 B New Orl T&M 6%, 8'54 NOT&M 5%s'54 B cfs N Y Central 3% 52 NY Central .!’,gl - NY Central 3%s AG NY Cent con 15 98 NY Centrf 41452013 NYCrf4%s2013n NY Cent rf 53 2013 NYCLSh3%s'98 NYC Mich C31;8'98_ NYC&St L 1st 48°37_. NY Chi & St L 45°486. NYC&St L 4%,8°78 NYC&St L5874 A NYChi & St L 6s'38_ NY Conn 1st 1“, NY Kdison 3% NYL & W 1st u"lz 35% 347% 1815 381, 39 20% 10014 100% 1037 1067x 90y 102! 106% 100 1021 101 1031 14 Y H & H 43" NH & H 45 5 I\YAH&H{!'H NY NH & H 41,867 NY l\li&Hch 48 NY O&W ref 48 92 NY Prov&Bos 4s'42 NY Steam 6s ‘56 - NY Steam 1st 68°'47__ NY Tel gen 435839 __ NY Tr Rk 68 '46 stp _ Niag Falls P31 3'66_ Niag L & O 58 '55_ Niag Sh 6%3 ‘50 North Am Co 68°61. North Am Ed 5569 North Am Ed 5%8°'63 Nor'n Pac gen 2s 2047 Nor'n Pac 4897 _ Nor'n Pac 45707 rg Nor'n Pac 4% 1033 103 9414 99 2 1001, 110% 98% 2 10415 1115 106 91 9874 1021 107v% 100% 101 ~ 1004 - 1107 9Riy 10415 - 1113 Nor'n Pac €s 2047 Ohio 1dison 33 Ohto dison 45 6, Ont Pwr Niag Oreg W RR 4 Otis Steel 4758 52 Pac Gas & F1 315566 PacG & E3%s'61 PacG & E45'64 Tac T&T rf 31,866 B Pac TRT 31866 C _ Panhand EPL 4s Param’t Pic 31,847 .. Paramount Pic 63 ‘55. Parmelee 6% 44 _ Penn Co 45’63 Penn Dixie C fs'41_. Tenn Glass & S '60 Penn O & D 412877 Penn & L 41,881 Penn RR 3% s w1 Penn RR 335 '70 Penn RR 41,8 ‘81 Penn RR 41,5 84 Penn RR £n 41,865 Penn RR deb 4158 70 Penn RR gen 5568 _ Peoria & F 1st 45 '40_. Pere Marq 4% 8 '§0 Pere Marq 1st 5s ‘56 Phelps D 3148’52 w 1. Phila BRW 48’43 Phila R&W cn 58'7T¢ Phila Co5s'67 Phila Elec 3158 '67 Phila & R C&1 5873 Phila & R C&1 6349 Philippine Ry 45°37 POC 105 105 106% 106% 101 ®100' Purity Baking 58 48 R-K-O 6541 sai Reading Jer C 4 '51_ Reading R 41 Reading R 415 Rem-Rand 43 56 ww Republic Stl 4148 ‘60 Republic St 475 Republic St1 43861 Renublic Stl 6158 "54_ Revere Con 44856 - Richfield O] 6544 Tichfield O 6844 ctfs Rutland Can 43°49 _ Rutland RR 438 °41_ Saguenay Pw 41, s ‘68 St LIM&S R&G 4s'33 St L-S Fran 4s'50 A StL-STF 4550 A ctfs. St L-S Fran 4%s'78 StL-SF 41878 cf at StLSF58'60 B ctfs. StLS W 2d 4589 Seabd A Lruf 4s750 Seand A L 6845 A Seabd A L 6= 45 ctfs Seabd A-F1 6835 A ct Sharon Stlcv 4%s'51 Shell Un deb 3148 °51 Skelly Ofl 4551 2 Socony Vav 31.8°50 Southn Cal Gas 4s'65 South Nat G 474s'51_ So Pac 3% 846 So Pac col 48" So Pacref & So Pac 4158 68 So Pac 4% 869 So Pac 41881 8o Pac Oreg 4% e So Ry gen 48°56 A SoRy 58’94 . So Ry gen 6s 56._. SoRy 61;8°66 SoRy M &O 48’38 S W Bell Tel 3 Southw’n G&E Spokare Int 5 Stand OiIINJ 3 Studebaker cv 6545 Symgn G&G '56 xw __. Tenn El Pw fs 47 A Term Asgo con 58'44. Texarkana 51850 Texas Corp 3158°51 _ Texas & N Orl 5843 . Texas & Pac 5877 B Texas & Pac 58'79 C_ Texas & Pac 58°80 D Tex & Pac 1st 58 2000 Third Avref 4s'60 Third Av 1st 58'37 Third A ad in ex 5x'66 Tide Wat Of1 31,552 Tri-Contl Corp 58’53 UnEIL&PE6s'37 Un Oil of Cal 3%s '52 Unlon Pac 3%85°70___ Union Pac 31,8°71 __ Union Pac 1st 4347 Un Pac 1st rf 4s 2008 United Drug fs ‘53 __ U S Rubber s '47 Utah L & T 58 44 A_ Utah P& L 5544 _ Util P & L 5359 ww_ UtHIP&Lb5%s'47 Ver Sug 1st 78’42 ctfs Va E& P 1strf 48’56 Va Ry 18t 3% 866 A_ Va8 W con b Wabash 4%48°78___.. Wabash 1st 6839 ... Wabash 58°76 B__. Wabash 55’80 D Wabash 614875 _ Wabhash Oma 3148 "41. Walker H&S 4% Walworth 4s ‘55 Warner Broscv 6s ‘39 Warner-Quin 6839 __ Warren Brcv 6s 41 Wash Term 315845 Wash W P 1st 5839 West Penn P3%s°66 West Pa PW 4s'61 H W Pa Pw 18t 58 ‘63 E_ W Sh 1at 48 2061 gtd_ West'n Md 1st 4s'52_ Westn Md 5%s 77 Westn Pac 5846 A_ West'n Pac 6546 A as Waest'n Un 4348 °50 Westn Un el tr Westn Un & West'n Un 6860 Wheel Steel 415 ‘W Sp Stl con 7s '35 et Wilkes B&E 1st b8 ‘42 Willmar & S F 55 '38 Wilson & Co 4s 65 Wis Cent 1st gn 45’49 Y'ngstn S&T 3%s 51 r'ngstn S&T 4361 _ - JOIN McCRORY BOARD. NEW YORK, July 1 (#’).—Randolph Chelin and W. L. Cummings were elected directors of McCrory Stores Corp., succeeding B. Benson and N. MaeDowell, jr. s 100% 115 10374 1091y 1064 106% 106'» 106% 105% 104 1091 109'% 1095 119 119 119 90% 90% 90'5 102% 1024 102% 107% 107% 107% 20 29 29 29‘6 29% 28% 91% 90 91 100% 100% 100% 3% 92 SSA 90 89% 998 998, 99'4 34% 34% 34y 15% 15 15 103% 103% 103% 101% 101 101% 23 23 23 133 133 133 101 100% 101 THURSDAY, JULY 1, 1937. ATTENTION DRAWN 10 SHIPPING GAIN Foreign Trade Expansion Creates Ship Shortage in Some Lines. By the Associated Press. NEW YORK, July 1.—Reports of rapidly increasing traffic in interna- tional trade turned eyes of business analysts today to prospects of Ameri- can shipping. One of the most depressed of de- pression industries in 1932 and 1933, the movement of freight cargoes from one land to another has expanded in the last year to the point where sufficient tonnage has not always been available. The National City Bank of New York, in its monthly letter reviewing business conditions, today said that on some routes the movement of mer- chandise has increased to a point be- yond the record pre-depression years. Iron Cargoes Refused. “In the Far East trade, for ex- ample,” the review said, “cargoes of scrap iron have been refused to make space for more lucrative trade; Jap- anese shippers of steel are reported to have offered to pay treble the standard rate. “Similar crowded conditions exist in the trade routes between South Africa and this country and on the Europe to River Plate and Australia routes. Incoming freight to New York is considerably greater than last year, the American passenger travel has gained and the Summer months sail- ings are crowded.” The latter observation was pointed by reports of steamship agents that this week alone more than 17,000 per- sons sailed from New York for foreign ports. U. S. Fails to Get Its Share. Not all our share of the benefit of this expansion in shipping has gone to American lines, however, authori- ties agreed. Although the United States’ proportion of world trade is ap- proximately 14 per cent, only 7 per cent of it is carried in American bottoms, the National Council of American 8hipbuilders estimated. English ships in 1936 were paid $475.000,000 to carry freight for other nations, it was reported. One difficulty, the bank's letter pointed out, is the higher original cost of ships built in the United States and the higher cost of operating them un- der the American flag. . It was in an effort to overcome this handicap the ngw mercantile marine act providing subsidies to cover the cost differential was enacted. Washington Produce BUTTER—A2 score. 1-pound prints. 35 's-ound prints, . fub 34 90 score. |- pound prints 33 1i-pound prints, 33 tub. 43, market strong MEATS—Choice beef, 215 veal. 1. Spring Iamb. T4 cows, fresh pork. 26 Dpork loin. 2A: fresh hams. 5. 26 sliced Sacon - A5 (ompomd 13127 lard. 1415, STOCK —Pigs. Aaana, 105 mediums, 10738103, pound<. 101431005 heavies, 10% Ry, dtars. 8ai: calves K1saf0 rices paid shippers net f ‘0. b. Wash- ington. By the United States Burean of Agricvitural Economics EGGS —Marke. firm United _States exiras Iarge. 1z cent bigher nearby un- eraded eges. '; 1o 1 cent higher calves. Fall lamb. frozen pork 24 amoked b bacon, 16 LIy lum hore 50 sows, Fa < “Government dfi"d 'h)!! exms—U. S exir %rnsx ’U & ;llrlfl( mediums L standards large. 247 Ctnll LIVE POULTRY—Market enis: a few at 1K cents: o x’l%enu Leghorns. ‘12 1o 14 centa: cents: roosters. 10 eente Chickens—Groaser 20 005 Cents Rocks Virginia. 21 to 22 cents. Leghorns two pounds. 18 cents:”less than two pounds 16 cents = Turkevs—Old hens. 16710 17 cents. old toms. 13 to 14 cents, Fruits and Vezetables. Sales In large lots by original rec Up.lo8 am. today: & e emand light: market steady. AGUS —Truck receipts light: sup- New Jersey. pvramid sTales. dozen ounches. ra colossal, exira_fancy, fancy. 1 Delevars pyramid es. dozen bunches. medium to large 1.50-2.00: small size. CANTALOUPES—One ifornia rived: one car diverted: eight broken three’ unbroken cars on track. — Trick ceipts liberal: supplies liberal moderate. market slightly weaker Salmon Meats, jumbos, 365, 3.50-3.56: 45 o fats. 65 0 South mon” Meats, standards, all_size | HONEYDEWS—No carlot arrivals; four broken and one unbroken cars on track. Supplies moderate: demand light markei fkhtly weaker. California. jumbo c d 235 D5 and 13s o oh ONEYBALLS “One' Callfornia. arrived: two broken and one unbroken ears on track. 8upplies ligbt: demand slow: mar- ket ‘dull. "California; Jumbo crates, 36s And 458’ 4.00-4.25 CELERY——No carlot arriy car “on track. _ Supplies light: market siightly weaker 12 crates. 3.3 ar- s- one broken ght. demand New York, individually washed, 3-8 dozen, E1TUCE—Four Calitornia arrived: broken and four unbroken cars on Supplies moderate: demand mode . mArKet steady. California. Western Iceberg type, 3-dozen. 4.00-4.7 fair condition New Jersey, K crates. Big Boston type. -dozen, 6 ONIONS—No carlot arrivals. track. ‘Supplies Tighi: demand ket sieady. New Jersey vellows. U'S. No. 1. no cars on light; mar- 50-pound " sacks, 1.10-1.15. PEACHES —No carlot arrivals on track. Truck receints light iight: “demand moderate: Rorth, Carolina, Rose. 1 no cars supplies o market steady. hushel baskets. Early U. 8. N 1%-inch minimum. 1.00- 1150 fair candm‘cnh: niinch minimum. i, 2Y%-inch minimum,. mostly around, 1.40: Bushel baskets Roue, U. 1. 2%-tnch minimum o rpe ;‘Doldm Jubilee, 2'z-inch minimum, PEAS_—One California. two Tdaho ar- rived: three broken and two unbroken cars on, irack. Supplies moderate: demand mod- erate arket steady. Californis and lflrm::dbumel hampers, Teiephones, mostly 00, Potato Market Dull, TOES—One California arrived unbroken car on track SIXDDHF(‘ fib!rall demand slow: market dull. North Carolin. Cobblers. U. 8 No. 1. stave barrels, r]'(‘l’;l ‘rclmdman 1.50: 100-pound o TOMATOES—No b!‘uh;ultv‘l on lrick mand_ light:" market steadv. " G Mississipl 10k boxes. sreen. '?fi?p'? ind lumlnr wrgpned "r\l" and large) 1 1 n‘:} 1 ‘” . _Dpoorer, X (‘0 6x 'ATERM] MNS—TWD Flo) one broken and 4 unbroxen care on 1isey Supplies moderate: demand steady. Tom Watsons, P’lori da., avaun R0. Georgia, 3"-Dfi|ll’lfl average, 5 ac LTMA" BEANS _supplies light: moderate: market steady. o Norta bushel hampers. ' .25 ORN-——No' cAriot. arfivais: track Track Feceipts liberal: eral; demand light: m Ard crares and Sacks. Bedgpen Ak 5 lina_and Florida. 1. 5. i Cato: PEPPERS—NG _carlof broken car on track. Truck receipts mog. erate: supplies moderate: demand light: market steady. JBushel ham North Carolina. 1.25-1.75." Florida. ‘1 00 EGGPLANT—Supplies Ught; light: ‘market steady. Flori crates. 1.50. OKRA—Supplies lieht; demand light; Florida, bushel hampers, linlYl(!t steady. LACKBERRIES — Supplies demand slow: market weak. 'i'|°.°r°y’1:'n'a and Virginis, ' 32-quart _crates. few higher; 34 quart crates, 1261 50 per POTA sack: arriy carlot one Supplies liberal: de- demand h Carolina, no.cars on mnpnu - Bta ivals: one Dplies lieht: demand orsey. 33- ackcaps. 2.75-3.00; redcade, cl(—awn\m 1ight; demand lght: market slightly stronger. Pennsylvanis, bushel, basket -75 "lht. market stead: auart crates. Bl e 4 ifornia arrived: one thrce Broken snd three un- broken cars’on track. fornia. boxes. 4005508 to size and grad LEMONS —Calitornia. boxes. No. 1. 7.00- 7.50: No. 2 Lo size. -bushel boxes. 3.00: P Samara: $90: (‘ABEAGE—Pmns!lv-nll 1%-bushel hampers. round 5-90 BEE 25¢ D Ania, dozen e Pennsy) _BROCCOLI—Pennaylvania. crates, 1.25- bunches. "CARROTS—No_carlot arrivals: no cars o ek T5K g, Cplifornis. Westernclettuce Grates. 400 “Pennsyivants. " 40-80 ozen buriches. —Nonh Carolina. bushel aup— ere Jpllox 100, aspte, Mew Ser- Baltimore Markets Special Dispatch 10 The Star BALTIMORE, Md, July 1—Pota- toes, new, barrel, 1.50a1.85; 100-pound sack, 75a2.50; sweet potatoes, bushel, 7521.40; yams, bushel, 50a1.25; as- paragus, crate, 1.0083.50; beans, near- by, bushel, 75a1.00; beets, nearby, bunch, 1'3a2; cabbage, pointed type, hamper, 25a40; round type, bushel, 40a80; carrots, California, crate, 4.2524.50; New Jersey, dozen bunches, 40a45; nearby, bunch, 3a4: cauli- flower, crate, 2.00a2.25; celery, crate, 1.00a4.75; oorn, crate, 1.00a1.50; near- by, dozen, 18a22; cucumbers, bushel, 5081.2%; nearby, half-bushel, 60a75; s:xpmu. bushel, 1,00; lettuce, west- ern, Iceberg, crate, 4.00a4.50; eastern, Big Boston, crate, 25a60; lima beans, bushel, 1.50a3.00; onions, 50-pound sack, 80al 40; peas, bushel, 1.25a2.00; peppers, crate, 1.50a2.25; bushel, 1.25a 1.75; spinach, nearby, half-bushel, 35a60; squash, nearby, half-bushel, 60; tomatoes, lug, 50a1.85: apples, box, 2.65a2.75; bushel, 75a2,00; black- berries, crate, 1.50a3.00; cantaloupes, crate, 125a4.75; cherries, nearby, sweet, pound, 8al0; Morello, pound, 4a5; grapefruit, box, 2.50a4.50; honey ball melons, crate, 2.50a4.00; honey dews, crate, 2.15a2.25; huckleberries, quart, 10a12';; oranges, box, 2.75a5.00; peaches, half-bushel, 50a1.50; bushel, 1.50a2.50; raspberries, red, pint, 8a12; black, quart, 10al2; watermelons, each, 35a50. Dairy Markets. Live poultry—Brolers, Rocks, pound, 20a23; mixed colors, 20a22; Leghorns, 15a18: fowl, Rocks, 20a21; mixed col- ors, 18a19; Leghorns, 13al5; roosters, 10a12; ducks, 12al4. Eggs—Current, receipts, dozen, 20a 21; hennery whites, large, 24a25; me- dium, 21a22; receipts, 2.163 cases. Butter—Prints, per pound, 34a35; good to fancy, creamery, 32a33; pack- ing atock, 16a17; rolls, 19a20; receipts, 790 tubs. Sea Food Market. Catfish, pound, 5a6; dressed, 8al10; carp, 3a4; eels, 8ai0: haddock, 8al0; mackerel, 10al2; rock. 10a12; white perch, 6a8, yellow, 8al10; trout, 5a6; bluefish, 8a10: flounders, 12a15: croak- ers, 4a5; spots, 4a5; hardhead, 4a5; butterfish, 5a6; soft crabs, dozen, 60a 1.24; hard crabs, barrel, 3.50a4.50; dozen, 25a35: crab meat, pound, 25a 35; shrimp, 10a15: scallops, 20: clams, Cherrystone, 100. 60a90; Little Necks, 50a55; frogs, each, 25a30. Tobacco Market. Maryland farm leaf, nondescript, 3a4 per pound: common, 4a10; me- dium, 10a30; good to fine red. 30a40; saconds, common, 3a7; medium, 7a15; good to fine, 15835, Grain Market. ‘Wheat—No. 2, red, Winter, garlicky, spot, domestic, 1.20, nominal old. Set- tling prices were: No. 2, red, Winter, garlicky, spot, domestic, 1.20, nominal old. Corn—No. 2, yellow, domestic, 120, Western billing at a premium over this price; cob corn, nominal. Oats—No. 2, white, domestic, 62a72; No. 3, 61a7l, with the exception of grain on track there is an additional charge of 1!z cents per bushel, for storage and elevation. Rye—No, 2, 1.10a1.15. Barley, 70a75. Hay—Receipts generally light and while market is dull values are well maintained. Good choice timothy and clover mixed hay are selling mostly 17.00 to 22.00 per tqp, but poor grades are hard to move and the market is irregular on all grades below No. 3. Straw—Market quiet under fairly liberal receipts, but prices hold steady at 13.00 per ton for No. 1 wheat and No. 1 oat straw. Lower grades slow sale at irregular values. Live’ Stock Market. Cattle—825; including 250 holdovers; general market more active than ear- lier this week: grain or grass and dry feed steers, 25 to 50 cents higher than Monday; good, 900 to 1,160 pounds, 11.50-12.50; small lot, 700 pounds, dry fed mixed yearlings, 12.50; relatively small supply low medium and plain straight grassers slow and little if any improvement in that quarter; plain light weights down to 9.00 and below; cows steady to strong; plain and me- dium grade fat kinds, 6.25-7.25; two head outstanding condition, 8.50: low cutter and cutter grades mostly 4.25- 6.00; shelly kinds, 4.00 or less; plain and medium bulls, 6.00-7.00, mostly. Calves—325; active, firm; , good- grade vealers, 10.00a10.5 jostly; plain and medium, 7.50a9.50. Hogs—170; all weights and grades 15 cents higher than Wednesday's levels; good and choice, 170 to 210 pounds, 12.45a12.70: top, 12.70, highest of season to date: 220 to 250 pounds, 12.05a12.45; 260 to 300 pounds, quoted 11.40a12.05; 140 to 160 pounds, 13.25a 12.50; 120 to 140 pounds, 11.40a11.90; good sows, 10.30a10.80: hogs from doubtful argas not represented in above quotations. Sheep—800; new crop lambs slow, mostly 25 to 50 cents lower than Wednesday; sales good and choice trucked-in- ewe and wether Spring lambs, mostly 11.00a11.50; scattered sales of mostly rail arrivals, 12.00, ex- treme top; bucks discounted 1.00 un- der comparable grades ewes and wethers; plain and medium grades, 9.00210.00; odd head fat clipped slaughter ewes wp to 4. ‘weighty offerings mostly around 3.00; old thin sheep, 1.50a2.00. NEW YORK BANK STOCKS NEW YORK, July 1 (# —New York Se- curity Dealers’ Association: Bid Asked. (Quotations as of 2 o'clock.) Bk of Man (1l3) 3014 Bankers' Tr (2) _ Bklyn Tr_(4) Cen Han B&Tr (4) Chase Nat (1.40) Chem Bk & Tr (1.80)_ Commercial_ (k) nt a1y Bhlg 0 125% a Empire Tr (1) First Nat (Bo) (1) tl_(100) 5! Public_(112) Title G&T FEDERAL LAND BANKS YORK. July 1 (#.—Pederal Land Bank bonan 41 Nov, 474 4 ser. fiat type. 65 Eastern Shore. Md. rt 2 wm;lnon 50; Pennaylvanis. K S :on—u—"n fmot (Arrivals, no fornia. crates, 2. “gumcuunm—lm Eastern Shore Maryland, bughel baskets, 1.0 HUBARE S Bennayivania, 25-30 per dozen bunchies, LEBERRIES—North Oarolina, 12- 1 EBERRIES North Caroling. _cultt ort ar - yated. 12-36 per quart: Florida 15-20 per uart; Alabama, 7'2-10 per pint. 32-quart Florida, Jersey, boxes. |1.50-2.00; Cuba ventiated. ".mr\‘rm'” 80 orida i b o P'In d , crates, lll C crates AV unbroken cai on track, Pl = ripe 5 e Carlow arsiveia; one beoken car on irack, s Oultornis _arrived; R0 FINANG1AL., CLEARINGS DROP |FRANG HITS LOW BELOW YEAR AGO Gains at Outside Centers Smallest Recorded Since September, 1936. By the Associated Press, NEW YORK, July 1--Bank clear- ings this week dropped below those of & year ago, with the increase at the outside centers the smallest recorded since the week of September 30, 1936. Some of the loss may be attributed to the fact that July 1 settiements were included in the 1936 week, but not in the current total. The volume for 22 leading cities for the week ended June 30, as reported to Dun & Bradstreet, amounted to $5, 815,932,000, compared with $6.027,- 895,000 for the corresponding week of 1936, or a decrease of 3.5 per cent. In the year-to-year comparison for the preceding week, there was an in- crease of 11.4 per cent, which was the first rise over 1936 in four weeks. New York clearings totaled $3,678,- 545,000, against $3,900,135,000 in the like week a year ago, or a decline of 5.7 per cent. The outside centers con- tributed a total of $2,137.387,000, in contrast with $2,127,760,000 for the same week last year, or a gain of 0.5 per cent. Comparisons for individual cities revealed more declines this week from | but they dooked for the 1936 figures than for more than eight months. Some of the larger gains included: Portland, Oreg, 243 per cent; Seattle, 22.2 per cent; Buf- falo, 13.4 per cent, and Kansas City. 13.0 per cent. Among the declines were Chicago, 11.9 per cent; Omaha, 11.1 per cent: Detroit, 10.1 per cent, and New Orleans, 9.8 per cent. From the total of the week pre- ceding. the loss in clearings amounted to $388.724,000. Between the two sim- ilar weeks in 1936, there was an in- crease of $455,214,000, Bank clearings at leading eities. together with percentage gains and lossses compared with those of 1936, follow: also the daily average bank clearings for the months of April, May and June: (Totals in thousands.) Week Per Cent June 30, 1937 Boston S 3212.402 Ehiladeiphta Buff 5 Pittehurgh Cleveland natt Ru‘hmnr\d = At New” Oriéans hicago L Eoutsvae Minneapolis Kansas City Omaha __ Dallas San Francisco __ Eortland. Ores Seattie : Total all Averase daily— June to d __ $003.046 258 044 - 1.003.288 NEW YORK PRODUGE. NEW YORK. july | P .—Eges. 19810 rm. o ixed coiors: Storage-packed firete unauoted (season ended): Hrms 2 mediums 2015-21: average checks, changed. Butter. 15,27 ‘mer. Creamery. firsts (RR-91 scores). 2R-30'2. seconds (R4-87 scores). 25.27: others unchanged. Cheese. 104.858: firm and unchanged. Live pouliry. by freieht firm. Broflers Rocks. fowl. colored. 22: Leghorn, 17. BISEr reien primer Gincs ged. By express. sisady to frm. Fowls—Col- ore; her " express prices un- changed. poultry about steady. Pricee ssed unchanged. CANADIAN MARTS CLOSED. TORONTO, July 1 (#)—All Cana- dian stock exchanges and commodity markets were closed today in observ- ance of Dominion day holiday. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. N.W. Phone NA. 3184 Homes Apartments SINGE END OF 19%6 Paris Rate Sags to 3.837 Cents, With All Gold Re- strictions Gone. Bs the Associated Press, NEW YORK, July 1.—The Prench franc fell to its lowest level since December, 1926, in terms of the dollar today following removal of all restrice tions as to its gold content. The unit sold in Paris foreign ex change at 3837 cents, .625 of a cent, under the 4.46'; cents it commanded last Monday before markets were closed to permit an easing of France's financial crisis, In New Yerk the currency was quot- ed at 3.84 cents, but transactions were reported limited. A discount of 15 per cent on 90-day deliveries was said to have been offered. At its present level the new “floate ing” franc is under that of the “Poin~ care” franc of 1928, which was fixed by law at 4.92 cents. Bankers here said they expected a de facto stabiliza tion at somewhere near that figure, but preferred to await further meas- ures of the French Government before commenting on possible effects of the devaluation. Brokers and other Wall Street ob= servers said & small repatriation of French capital, particularly of the short-term variety. might take place, no bulk movement out of American securities. One partner in a brokerage house having French connections said French money that was sent here during the last few months had been invested in stocks to only a small extent, Should the stock market im= prove, he expected further reinvest~ ment of funds here rather than & move homeward. Some bankers expressed the opinion an attempt might be made to lower gradually the value of sterling in ree lation to the dollar as a result of the French move. If that were done the three currencies might be brought to about the relationship which existed prior to Great Britain'’s departure from the gold standard in 1931, =z COTTON SEAT HIGHER. NEW YORK, July 1 (#).—Ane nouncement was made today of sale of a membership in the New York Cotton Exchange for $12,000, an ins crease of $500 over the previous trans= acti REAL ESTATE LOANS RESIDERCE and 0 SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9393 Safe Investments First mort notes, 6% n:\:"h‘"u. lnyl d‘i’n”: s .fv: Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years STOP PAYING RENT Buy Your Own Home Pay the same per month as you now pay in rent—own your home outright in less than 20 years, May we help? SHANNON & LUCHS Mortzage Lean Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 LONG TERM Mortgage Loans First Morrtcace Loans District of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY HCORPORATED Business Properties MORTGAGE LoAN CORWE SRONDENT 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600 B Monthly Payments of $6-60 on each $1,000 borrowed, include interest and pay off loan in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 66249, of appraised value. ® Valuable prepayment privi- leges. Orther plans of linancing first mortgage loans available H. L. RUST COMPANY 1001 Eifteenth St NAtional 8100