Evening Star Newspaper, July 2, 1937, Page 17

b sANCIAL. U. 3. BONDS DRIFT 10 LOWER LEVELS Corporate Issues Uneven, With Changes Small in Quiet Dealings. Bond A\ erages l.k anlts! UHl Fm Net change_ Unr. Une. —1 —.1 Today. noon 91.7102.6 96.1 72.6 Prev. day... 91.7102.6 962 72.7 Month ago. 93.5103.3 98.0 72.0 Year ago... 922103.11022 68.8 1937 99.0104.41028 74.7 1937 9091022 958 70.5 1936 98.2104.4103.1 73.0 1936 86.9101.8 99.3 67.6 1932 458 400 64.6 422 1928 high_.101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ....110.6 Prev. da Month ago 110.8 Year ago- 111.9 1937 high. 113.7 1937 low_. 108.4 1936 high. 113.5 1936 low__ 1102 1928 high. 104.4 1932 low.. 86.8 (Compiled by the Associated Press.) By the Associated Press. NEW YORK, July 2.—Government loans worked generally lower in a mixed bond market today. Losses in the Federal list were confined to around 5-32 and the few gains scored did not exceed 2-32 Little buying was in evidence as traders took a last look at the news before the long holiday week end. Corporates were uneven, no one group establishing a trend, and swings were narrow Alleghany 5s of 1950 ran up nearly three points and Great Northern 4s climbed about 11, International Telephone 5s, Santa Fe ¢s. Western Union 5s and Goodyear 5s. Slipping a little bit were “Katy” 5s, | U. & Rubber 55, American Telephone 3's and Bethlehem Steel 3%, Oils thowed fractional gains, Selherluws VFlle Suit for 60,000 U.S. Rubber S B the Assocfated Press. CLEVELAND, July 2.—A suit to determine ownership of $3,000.000 in United States Rubber Co. stock was filed in Common Pleas Court today by eight members of the family of F. A. Seiberling of Akron, against Edgar B.| Davis of Luling, Tex., former U. S Rubber vice president It is an outerowth of settiement by Eeiberling of $6.500.000 in debts dating back to 1927. The Ohio Goodvear Becurities Co., of which Davis is a &tockholder, also was named as a defendant The petition said that when Seiber- ling was pressed for debt payments, Davis, now a leading oil promoter in | Texas. accepted collateral in the Pru- dential Securities & Realty Co. from Seiberling through the defendant corporation. Now, the petition said, all obligations have been paid by Seiberling. but 60.000 shares of U. S. Rubber are still due the tire maker. DIVIDENDS 'AN’NOWUNCED NEW YORK. July vidends de- elsred. preparsd b ihe Siandard Sratie ties Corp. Initial, ot Rate riod, rec Avars B P& Sons prd wich dae 1t e Bo. S450 o 111375 @ Extra Birtman Elec 25¢ Accumulated. Y Trap Rock §7 ac Pub Sve Ist p Bmployers Group Asso Nat Mail & Stl Oast Pac Pub Svc Ist Phila Elec ' Pilgrim_Mills $1.50 §iand silver-Lead Min'ic Wrisle B Co of 00 000D 00 Birtman Elec Kevstone Steel Philox Jones pf 77 Bolvay Amer pf Q 715 NEW YORK BANK STOCKS NEW YORK. July 2 i — @urity Dealers’ Association (Quotations as of 2 o'clock ) 8ank of Manhatian (112) Bankers' Trust « Brookivn Trust i4) Cen Han Bk & Tr (4) Corn Ex Bk & T (}) Empize Tr (1) rst Naf (Bos) First Natl (100} Guaranty Tr (1) Irving Tr (A0) Manufacturers’ ManuCrs Tr o Nat! City (1) P“g Jrust (5) lie_ ¢ Tite G & T FEDERAL LAND BANKS NEW YORK July 2 (#).—Federal Land Bank bonds ] 4143 November $1as May May 103 November July 1946-4 May 19! Trust f(2) Asked. 1958-38 104 iR 19577 u 19 January msn 18- May 1956-46 NEW YORK SUG;R, NEW YORK. July 2 (P —Sugar were more active today and prices firmer. especially the No. 3 contract. There were further trade covering and increased ouf- jde buving of new crops. Dpromoted by he ateadiness of the spol market and ex: ectation of passage of the revised sugar i1l at washington n July No. 3 sold up to 2.58 and March 47 or 2 to 3 points net higher, and eld around the best al 2 p.m No. 4. however. after showing early advances of 150 1% ponts. DriCes Teacteq under_increased louidation and at m.xere la point nel higher, with Sep- ember easing from 1.24'z to I BOSTON WOOL MARKET ‘BOSTON. July 2 () (U. S. Dept. of Ag- riculture). —Trade on spot wool Was prac- tically at'a standstill in the Boston market today. A few low offers for domestic wools were made apparently for the purpose of testing the market rather than in a serious effort to buy. Reports received by members of the wool trade indicated some mills were either closed or operating on reduced schedules. Curtailment of mill operations. according to_renorts. were due partly fo seasonal factors. such as inventory taking. Summer wacations and lack of new orders for g0ods. and partly to the inability to get delivery of wool. 100, ~ 1003 futures METAL MARKET NEW YORK. July 2 (#.—Copper filzld!: oleczrolyuc and future. gn t. 14.1214 57.50-5%. Lead steady: Tast St 3 East spot 8i. Lou; Sind_ futave. 035 Quicksilver. 86.50-48.00" Iron. aluminum, antimony. platinum 'and wolframite un- ehanged. MONTREAL SILVER. July 2 (P .—Silver futures MONTREAL. epened steady. 5 to 10 lower. July, 44.60b; September. 44.28b; December. 44.26b International Shoe Co.—Common ehare earnings, 6 months ended May 81, were $1.16, against $1.04. 7 ’ Also better were | hares|¢ - | Copenhagen 41 By private wire direct to The Star. All time shown below is daylight saving on which the Exchange is now eperating. Approximate Transactions Today. U S Gov't Bonds 470,000 Foreign Bonds .. 1.230,000 Domestic Bonds_. 6,640,000 TREASURY. High. Low. - 9728 97.23 - 102.15 102.12 - 100.18 100.17 9.28 99,24 99.17 100.13 103.29 102.19 104.15 106.1 106.4 Close. 97.24 102.14 100.17 2148 1949-53 2 38 1951-55 3148 1946-49 31(m1941 3148 1944-46 338 1941-43 March reg ___ 338 1940-43June 33(8 1946-56.___ 451944-54 111.09 111.09 43(5-31(8°43-45. 106.8 106.7 106.7 FEDERAL FARM MORTGAGE. 238 1942-47____ 10112 101.12 101.12 351947 - 103, 103. 103, 381949 - 102.13 102,13 102.13 HOME OWNERS’ LOAN. 238 1942-44____ 100,02 99.30 100.02 23,%1939-49____ 100.1% 100.09 100.13 381952 - 102,03 102, 102.08 FOREIGN BONDS. High. Low. Close. Abitibi Pa&Pw 3 94 94y, Adriatic Elec 78’52 80 78 Agr Mtg Bk Col 6848 231 Antioquia 7845 A Antioquia 7s 45 C Antioguia 78 45 D Antioquia 1st 87, Antwerp 5s ‘58 Argentine 4872 Argentine 4148 " Argentine 6s 69 Oct. Argentine 6s 60 Oct.. Argentine 53s 62.__ | Argentine 68 57 A | Argentine 6560 Ma. | Argentine 6561 M | Australia 415566 Australia 5555 | Australia 7 | Austrian 7s Berlin 6125 '50 | Brazil 61,826 | Brazil 6138 '27-'57_. Brazil 88 41 : Breda Ernesto T8 '54_ Brisbane 5857 - RBrisbane 55 '58 Buenos A C 63 ‘60 Oct Buenos A4l;s-4%8'7 Buenos Al AMs-4% Buenos A 4 Beu A 41;3-4% Bulgaria 7 Bulgaria 715 '68 106.4 .16 105.12 9 109.18 Canada 45 60 | (‘flnadl 5852, 6 Chile 65 61 Sept_. | Chile 65 63 | Chile Mg Bk 65 ‘61 | Chile Mtg Bk 6562 Chile Mig Bk 6158 '57 | Chile Mtg Bk 6% 861 Colombia 6s 61 Jan _ | Colombia 65 61 Oct _ 53 Copenhagen 6 5 Copennagen T 55 Cordaba Cit Cordoba 7s ‘37 stpd Cordoba 7s 42 prv_. Costa Rica 7851 A. | Cuba 413549 Cuba 55°01-44 | Cuba 53,545 | Czechoslovakia 85 '51 Denmark 415862 Denmark Denmark 65 4 Estonia 7867 | Frankfort 615553 __ French G 7135 41un st Ger C Bk A 68'38 <, | Ger C Bk A 65'60 Oct_ | Ger Gen Elec 6s'48 _ Ger Gov 535 65 st Ger Gov 513865 un st Ger Prv & City Bank con Ag 615 Ger Rep is 49 Bl Ltaly 7851 Japan 5%s ‘65 .. Japan 61;s ‘54 | Kreug&Toll 55'59 efs | Lombard Elec 7s ‘52 Mex 45°10 Milan 6155 ' Montevideo 7552 New So Wales 58’57 New So Wales 5558 Nord Ry 6158 '50_ Norwav 4s 63 Norw Hy El 67285 Ortental Dev 513853 | Oriental Dev 6s 53 | Oslo 4325 65 0s10G & E 5863 Panama 5s'63 stp as. Peru 6360 __ | Peru 6s'61 _, Poland 7s'47_. Poland 88 50 Porto Alegre 8861 __ Porto Alegre 713866 Prussia 6s 62 Queensland 6547 Rhine W EI P 6s '52 Rio Gr do Sul 8546 Rio de Jan 68 '53_ Rio de Jan 85'46_ Rome 64852 Roumania 7s ‘59 Sao Paulo C 88’52 ___. Sao Paulo St 78 40___ Sao Paulo St 78 '56___ 6812 105t 1004 1011y 106% 1057 1054 1007 100 10115 101% 6 105% 98 23 Sao Paulo St 8s '50 Silesian Bank 6s 47 Sydney 51a8'55 - Talwan Elec 51%8°'71_ Tokio 5% 861 Toklo E L Ltd 63 '53_. Uruguay 6= 60 Uruguay 63 '64._. Uruguay 8s 46, Warsaw 7s ‘53 Westphal E P 68 Yokohoma 6= '$1 DOME'T!C IONDS Adams Express 4548 100 Alb Per W P 65'48 ww Alleg Corp bs ‘44 . Alleg Corp b 49 Alleg Corp 53 ‘50 Alleg Corp bs ‘50 stp Alleg Valley 4842 _ Alleg & Westn 45'98 Allied Stores 43;3°50 Allied Stores 4155 '51 Am & For Pw s 2030 Am1GChb¥%s49___ Am Intl5%8 49 ____ AmT& T 3%s'61... |AmMT&T3%s 66 AmT&T4l%s 39 2| Am T & T 6%s 42 Anaconda deb ¢3%s ‘50 Anglo-Chi) Nit 7s 67 Armour(Del)1st 45'56 Armour (Del) 45 '67 Armstrong Ck 48 ‘50 A T&S Feadj 4s ‘95 st | A T&S Fe gen 48 '35 | A T&S Fe 4158 43 A T&S Fe TSCL 48 '58 | Atlanta & Birm 4s ‘33 | At Coast Lielt 4s ‘52 | Atl Const L 18t 4852 |AUIC L un4%s 64 Atlantic & D 1st4s'4s B&O 1st4s 43 _ B&O 4%s 60 &Orefbs 95 A ___ & O ref 53 2000 D. & O 18t 6848 &O &O ¥ & O PLE&W V4s'd1 B&OSwnbs 50 B & O Toledo 48 '59 . Bang&Aroos 4s'51 _. Bell T of Pa bs 48 B Bell Tel of Pa 68°60 C Beth Steel 3% ‘66 Beth Steel 43 Bos & Me ¢% 861 e Bos & Me 58 '56 .. Bos & Me 63 '67 Bos N Y A L 4s'55.. Bot Con M 6143 '34 Bklyn Ed con 3% Bklyn Man T ¢33s 66 87y Bklyn Un EI 63 ‘50 99 99 99 Bklyn UnGas5s°'50_. 92 90% 92 Bklyn Un G 68 '67 B.. 103% 103% 1031 107% 107% 11814 118% 124% 124% Y 94y 101% 101% 7% 17 81 82 7 80 20 23 21 21 10014 10014 86 8744 [ 29 THE EVENI BONDS ON N. Y. STOCK High, 85 8814 1044 Buff R&P con ¢ 14#'57 Bush Term 1st 4s'52. Calif Packing 68 40. Can‘dian NR 4% Can'dian N 68’69 July Can'dian NR58'69 Oct Can'dlan P db 48 perp Can'dian Pac 414846 Can’dian Pac ¢%s '60 Can'dian P 5844 cfs. Can'dian Pac 58 '64.. CaroCl & O 5838 Car & Gen 68 '50 ww. CentBrUP4s'48 __. Cent of Ga con bs ‘45.. Cent INE &G 68 '61.. Cent Il Lt 81,866 . Cent N England 4s'61 Centof NJ 4s°'87 _ Cent of N J gen 63°87 Cent Pac 1st rf ¢3°¢9. Cent Pac 58 60 Cert'd deb5lsm'48 __ Ches& 033,896 D. Ches & 0 3%s5°96 E.. C& O con 6539 C&Ogen 4%;8'92 Chi B&Q gen 48 ‘58 _. Chi B&Q 4128 '77 Chi B&Q1 div 334549 Chi B&QI div 48 ‘49 Chi B&Q ref 53 ‘71 Chi& E [11 53’51 Chi & E 111 58 ‘61 ctfs. Chi Grt West 45 '59_ Chi I&L gen 5866 CM&StP4s '8 CM&EtPbs'75 Chi& NW gen 3% Chi & NW gen 48 '87 Chi & NW 41382037 Chi & NW 43,8 49 Chi& NW rf b 2037 C&NW Nr W 6%s ‘36 Chi R I&P rf 48 34 Chi R I&P rf 48'34ct?. Chi Un Sta 3%. 63 B Chi Un Sta 4344 Chi& W Incon 4s'52 Chi& W .nd43s'62_ Childs & Co 58°43 _ CinG& E31s 66 CinUnT3%sDgtd.. CCC&St L gen 4593 CCC&StLLrf 4% 8TTR Clev Bl [1133,8°65 _ Clev Short L 47,8 '61_ Clev Un Ter 4158 °77_ Clev Un Ter 58°73 B_. Colo F &1 5% 70 Colo& So 4138’8 Columbia G & E bs ‘562 May - Columbia G&E 5561 Colum Ry P&L 45 '65. Comel Credit 3%, s '51 ConsEAN Y3 ConsGas NY 4 Consol Oi13%s°51 Consum Pwr 3166 Consum Pwr 31, Consum Pwr 33, Container deb Crane Co 31335 Crown Will P 6s Cuba Northn 613842, Davton P&L 315860 Del & Hud ref 4s 43 . Den & R G con 4536 Den & RGW 58'55asst Den & R G ref 5578 Det [—dlsnn 815866 _ ‘65 F Det Edison 5s ‘52 Duquesne Lt 3 Ed E1 111 NY 58" Elec Auto Lite 43 '52_ Eriecv 4s'53 Erfecv 48’53 B_ Brie cons 45 °96_. Erle gen 45°96 Erie ref 556 Erieref 58°'75_ Fairbks Mor: Fed LI&Tr KH Francisco Sug 65’56 Galv H&H 51 38 Gen Mot Acc 38°45 Gen Mot Acc 338’51 Goodrich 43356 5 | Goodrich 63 Goodvear T&R 58 '5 | Grt Nr Ry 33867 Great N Ry 48 46 G __ Grt N Ry 4s 46 H | Grt NR gen 41;8'75 D GrtNRgn4%a' 11 E Grt Green Bay Gulf M& N & Gulf States Util 45'66 Gulf Sta Util 413846 Har Ry PC1 st4s ‘54 Houston O11 5% Hudson Coal 53 ' Hud & Man inc bs Hud & Man ref ba '57_ 111 Bell Tel3%8'70_ Il Cent3138°'52 111 Cent col tr 48'53 111 Cent ref 4855 _ 111 Cent 4% ‘66 _ Il Cent ref 68’55 111 Cent St L 314851 ICC&St LNO 5863 _. Inland Stl 3% 861 _ Int R T 1st rf63°66 IRTIistrf5s'66 ctfs IntRT 68’32 IntRT 78°32_ Interlake Iron 48 '47_ Int Agr-cl 55’42 stp__ Int Grt Nr6s'52 A __ Int Grt Nradj 6862 A Int Hydro Elec 65 '44 Int Mer Marine 6541 Int Pap 18t 58’47 A_ Int Pap ref 63 '55 IntlRy CA 6% Int T&T cv 4 Int T&T 43853 Int T&T b8 ‘55 _ Iowa C 1st&rt 4 James F & C4s'30 __ Jones&L Stl 414 5'61A Kans C F S&M 4836 Kan CFS&M rf4s'36ct Kans C So 18t 3850 __ Kans City So ref 68’50 Kans C Ter 18t 45'60. Kans G&E 4%3 8| Kelth's 6346 Ky Cent Ry 48’87 Kresge Found 3% w47 Kresge Found 4s 45_ Laclede G 5%8 53 C_.. Laclece G 613860 D Lautaro Nit 19768 __ Leh C&N 434854 A__ Leh C&N 4%8°5 Leh V NY 434840 gtd Leh V P con 45 2003 Leh V P con 4338 2003 Leh V RR con 55 znoz Ligg & Myers Long Isl ref 45 49 Lorillard 58 '51._ La & Ark 68 69 L &N Lst 482003 L& N unif 45°40 McCrory Strs 58 '51__ McKess&Rob 6% 850 Me C RR clt 4845 A Me C RK gn 43560 A Manati Sug 7%8 42 Man S 1st 735 42¢tfs Manhat Ry 48 ‘90 Manhat Ry 45 '90 ctf: Met Ed 18t rf 434568 Mich Cent 414579 Mil Bl R&L 68 ‘61 Mil El R&S L rf 65’71 Mil Spa & N W 4547, Minn & St L rf 4849 _ Minn & St L 58'34ctfs MStP&SSM cn 4s 38 MStP&SSM 5538 gtd MStP&SSM 515549 MStP&SSM 53378 Mo K & T 18t 48 '90 MoK&T4s 62B.___ MOK&T 63 63 Aeece Mo Pac 4876 . caaeee Mo Pac 8’65 A caeee Mo Pac 5817 F' Mo Pacifie b5 811 _ Mo Pac5izm 49 A Mob & Ohlo ¢ 1877 __ Mob & Ohio 5= 38 30% 31 Mob & Oh M div5a'47 41% 5 11315 7% 107% NG Low. Close. 83 85 8815 884 104% 1044 2314 23% 1127 1134 115% 115% 117% 117% 9414 9474 103% 103% 102% 102'3 11315 1067 103 1067 103 100 264 269 100% )A 1074 105% 107 107% 104 lna 10114 81 100% 10578 10015 928, 10815 110% 10115 1041 a4, n 109% 105 10274 1178 101 978, 2 1001 1037, 941, 106% 103% 10314 102% 21001 104 101 993 3219 STAR, WASHINGTON, D. C. EXCHANGE High. Low. Closs. 2% 9214 92% !8% Bdi 94U 99 42 102% 3% 105% 119% . 119 New Orl P8 68’652 A. 95% New OrlPS6s’'56 B. 95% New Or Ter 1st 48'53 91% New Or] T&M 41;8'56 4B Mont Pwr 348’68 __ Morris & Es 3145 2000 Morris&Essex ¢ % #'55 Morrisé! x 6856 Nashv C&St L 4578 _ Nassau Elec 48'51 std Natl Dairy 3% s'61ww NatRM 4 Natl Steel ll‘a 94U N Y Central 3%s'52._. NY Central 81¢s 97 _. NY Central 3% s°46._ NY Cent con 4898 _ NY Centrf 43482013, NYCrf4%s2013n_ NY Cent rf 632013 NYCLSh3%s's8 _ NYChi &St L 4s 46_. NYC&St L 18t 45°37_.. NYC&St L 4%8'78 __ NYC&St L 5%8°74 A Y Chi&StL ¥ Conn 15t 4358 '53_ NY Dock bs 38 NY Edison 33865 D. NY Elisref 31,8 '66_. NYL& W Ist4s'73__ NYNH& H 4s'47_ Y NH & H 4557 NY NH& H 41887 NH & Hcl tr 65'40 YNH&Hcv 68 48 NY O&W gen 48 °'55__ NY O&W ref 4s 92 NYQueens con31;s'65 NY Steam 1st 58 °51._. NY Steam b8 '56 .. NY Steam 1st 68°47. NY Tel gen 434539 NY Tr Rk 6846 stp__ NY W&B 414846 __ Norf So 1st ref 5= '61_ North Am Co 5861 North Am Ed 58’57 A Yorth Am Ed 5569 C North Am Ed 514863 Nor'n Pac gen 38 2047 Nor'n Pac 48 97 Nor'n Pac 48’97 rg Nort'n Pac 58 20 Nor'n Pac s 2047 Nor'n Paa 68 2047____ Ogden L.C 48 48 Ohio Fdison 3% »'72_ Qnio Edison 42765 Ohio Pub Sve 78 Ont Trans 1at 68 45 Orex W RR 43 61_ Otis Steel 47586, Pac Coast 58'46 Pac Gas & E13%5'6 PacG & E3%s 61 PacG & E 4864 Pac T&T 31,866 C _ Fan Am PC 6540 ctfs Panhand EPL 4s Param’t Pic 3847 Paramonnt Pic fs ‘55 Park-Lx 615553 ctfs Penn Co4s ‘63 . ___ Penn Dixie C 68 '41_ Penn Glass & S'60 _ Penn P& L 47,8 81 Penn RR 31,8 w1 Penn RR 33,870 C__ Penn RR con 4848 _ Penn RR 4% §1D__ Penn RR 41,n 84 Penn RR gn 41:865 Penn RR deb 4338 '70 People GL&C rt Pere Marq 15t 48 '56_. Pere Margq 4338 ‘80 Pere Marq 1st § Phila B&W cn 5874 Phila Co 5s 67 Phila Elec 315867 Phila & R C&1 587 Phila & R C&1 6549 Philippine Ry 4s 37 PCC&SUL 5570 A PCC&St LL6s'T5 B __ PCC&StL 433571 C_. Port Gen E1 415560 Porto Rico A T 65 '42. Postal Tel & C5s°5 Potomac EI P 3% '66 R-K-O 6541 = Reading Jer C 48 '51_. Reading R 433 97 A. Reading R 415897 B_ Rem-Rand 41, 8 66ww Republic Stl 41 Republic Stl 43 tepublic 8tl ¢ Revere Cop 41,856 Richfield O 6844 ctfs R1A&L 15t 438’34 RG W Istexin4s’39 Rutland RR 412841 Fran 4s'50 A_. Fran 413878 mo- StLSF58'50 Betfs_ San An P Sve 6352 A |San A & A Pass 4343 San Diego CG&E4s'65 Schulco 612546 A stp Schulco 612546 B Schulco 61546 B stp Seabd A L ref 4859 Seabd A Lirf 48’69 cfs Seabd A L6s'45 A _ Seabd A L 6s 45 ctfs_ Seabd A-F16s'35 A ct Seabd A-Fla6s'35B ct. Shell Undeb333s ‘'51. Socony Vav 318’50 _ Southn Cal Gas 4365 So Colo Pwr 68 47 A _ South Nat G 4143 SoPac3¥%s 46 ____ So Pac col 4849 _____ So Pac 434869 So Pac 4%s'81 = So Pac Oreg 4% '11_. So Ry gen 4856 A. So Ry bs'94_. So Ry gen 68 5| SoRy 615866 SoRy M&O 4s°38___ So Ry St L div 4s '61_ S W Bell Tel 3148 '64._ Southw’'n G&E ¢8'60_ Spokane Int 58 '65. Staley A E 4s 46 Stand Oil N J 3s"61__ Studebaker cv 68 '45._. Term As St L 48’53 __ Texas Corp 3%8s 51 _ Texas & Pac b8 79 C_ Texas & Pac 55°80 D Tex & Pac 1st b3 2000 Third Av ref 4s 60 Third A ad in ex 65'66 Tide Wat Oil 3%4s'62_ Tol St L & W 45'50. UnEIL&P6s3T Un Oil of Cal 33,8 '52 Union Pae 3% Union Pac 18t 43°47 . Un Pac 1at rf 45 2008 United Drug 5363 U S Rubber 65 '47 Utah L & T 58 44 A_. Utah P& L ba'44 _ Util P& L 58 59 ww. Ul P& L5%s 47 Vanadium cv 58 41 _ Ver Sug 1st 18°42 ctfs Va k& P latrf 4356 Va Ir C&C 1st 5849 . Va Ry 185t 3%8s 66 A_ Wabash 41,378 _ Wabash 1st b8 39_, Wabash 6376 B Wabash 68 '80 D. Wabash 6348 75 _ Warner Bros cv Warren Br cv 65 4] Westchester L 68’50 West Penn P38 '66 W Sh 1at 45 2061 g1d.. West'n Md 18t 4853 Westn Md 518 77 Westn Pac 68 46 A _. l(ll llh’\u 5974 5 104% West'n Un 4148 ‘50 Westn Un bs 61 West'n Un 5560 Wheeling & L E 48'66 Wheel Steel 4158 ‘530 Wilkes B&E 1st 5842 Willmar & S F 65 '38_ Wilson & Co ¢s 56 Wis Cent 1st gn 4849 T'ngstn S&T 61 125 TONS OF LEAD SOLD. NEW YORK, July 2 (#).—8t. Joseph Lead Co. reports 125 tons of pig lead 103% 103% 103% 1013 101% 101% | 23% 22% 23% | 101% 100% 1013 | ton by t | extras 1 K\les light UPTURN STAGED BY RETAIL SALES Volume Climbs 10 to 20 Per Cent Above Similar Week Last Year. 8y the Associated Pre NEW YORK, July 2.—Retail distribu- tion was the only branch of industry to make advances of any consequence this week, Dun & Bradstreet reported today in the weekly review of business. Stimulated by Fourth of July and vacation necessities, sales for the coun- try as a whole were 3 to 6 per cent above the preceding week and 10 to 20 per cent above the 1936 comparative. “Industrial divisions felt the effect of the holiday schedule, but the usual Summer let-down has failed to appear thus far,” the agency said. “In whole- sale markets the pace was steadier, re- orders contributing the bulk of vol- ume.” Summer resorts were favored by the influx of tourists and sales increases for New England were 10 to 20 per cent above 1936, the review stated. In- creases in other areas were: East, 10 to 25 per cent; Middle West, 15 to 25; Northwest, 12 to 20; South, 15 to 28; Southwest, 14 to 22, and Pacific Coast, 9 to 18. Plans for the extended July 4 week- end holiday brought increased buying in most branches of retail trade, the review continued, and to these were added requirements eoincident to clos- ing schools and beginning the vacation period. Cash from the marketing of early crops gave sufficlent stimulation to consumer buying in many districts to overcome the handicaps of unsettied weather. With the subsidence of the strike wave, the covering of deferred needs also hiped to lift retail sales. Commenting on industrial activity the report added: “Manufacturers of neither farm equipment nor tractors planned to ef- fect the customary curtailment this Summer, due to the slow reduction of backlogs. Little variance from the June rate was indicated for automobile assemblies during the current month, and the uptrend in retail demand may leave many factories with but & brief pause for the change over to produc- | tion on 1938 models.” ] Washington Produce core. 34, 1e-pound prints, market sirons MEATS—Choice beef. 21'3 veal 17 Spring lamb, s, 1 1-pound prints, 35: tun "4 00 score. 1+ calves, 158 Fall lamb. irozen pork. s smoked slab bacon, 16 ams. 26 28: compound, 13 LIVE STOCK —P| 10738103 “mediumi pounds, 10'4a10'. heavies N2 stags, 5ai. calves. Rlzaf'y Prices paid . hippers. net fob. Washing- he U. 8. Buresu of Asricultural Economics) EGGS-—Market fully unchanged price: t steady and firm Qurgent receipls 22 Goyern: graded and dated white eggs 3 large. BL8 Thtras ediims "0 8 tandards, Targe. 241 LIVE POULTRY—Market about ateady at Fowl colored. heavy, N Leghorns. roosters. 10: at men Vs 13 ‘10 Rocks. Virginia. | bx 18 16 10 17, < less_than ERVERT turkers. old hens. old toms, 13 to Fruits and Vegetables. upSiles, In large lots by original recelvers o X am today ASPARAGUSTruck receipts light: sup- demand light: market steady. ew Jersey pyramid crates. dozen bunches 00-2.25 extra_ fancs 150; Delaware [medium to " California ar- rived: nine broken and two unbroken cars on track, Truck receipts liberal. supplies liberal: demand moderate: market steady salmon _meats Tipe. L A6 )-4.00; standards. bo crates 1.2 rat HONEYDEWS—No. eariot car diverted: four broken ca Supplies moderate: demand light weak.California.’ jumbo crates, 95 175-2.000 few. .95 HONEYBALLS—No . broken car on_track light: market steady. California. :i63 and 458 mostlv around 4.00. CELERY-—One California arrived. two broken cars on track. Supplies moderate. demand light: market weak. New York. a2 erates mdhmmny washed, 3-8 dozen. 300350, tew eE wo ‘California arrived: ten brokeh Wad Tour Uibeeken carh on track: Supplies moderate: demand moderate: mar- ket weak. California. Western crates, Ice- berg fair con- dition siern ecrates. Big_Boston tvpe. 2 ONIONS—One Texas arrived: boat re- gauivalent one on_track. market 8 and rlot arrivals: 2 one Supplies light' de- ceipts Shore. Supplies 2 steady. _50-pound 8outh Carol fair Q\lnmy 75-88; Eastern Shore. Md.. i.00-1 PEACHES “One South Carolina arrived: one unbroken car on track. Truck receipts light; supplies light: demand good: mar- ket slightly stronger. North Carolina. la- bushel baskets, Early Rose 8. No. 1. 11a-inch_minimum. 60-75: 13.-inch min- imum. 85-1.00: %inch minimum, 1.0 1.15: 2V-inch minimum. bushel baskets: Early Rose D8, No. 1. Seich minimum, 2.50: 13%-inch ‘minimum. "2 25: 2Ya-inch ‘minimum_ 275: ~!;-bushel ba kets. Carmans; U. 8. No. 1. i3e-inch min- imum. 3-inch’ minimum. "1.25. BEABL One. Galtomia arrived” three broken and twn unbroken cars on track Bupplies moderate: demand moderate market steads. Bushel hampers. Tele- phones: California. 1.90-2.00: Idaho. 2.00. Potate Prices Steadr. POTATOES—No carlot arrivals: one unbroken “car on track. Boat receipts equivalent to two cars. Eastern Shore. Va.. supplies _liberal: demand light: market steady. North Carolina. stave barrels. Cob- blers. 0. 8. No. 1. 1.75, fair condition, TOMATOES—No _ carlot one broken car on track. Supplies moderate: demand moderate market steady. Georgia and South Carolina. lug boxes. green. ripes and turning wrapped. 6xf and larger. best. 180; Bx7 1.00-1.25: Tx7. 7510 TERMELONS. Tug' Fiotida, one Georais artived: Mrse broken sad theee unbroken cars on track. Truck receipts liberal: supplies liberal: demand mod- crate; market steady. Georgla. Tom Wai- sons, 32-34-pound & 5-85; 26-28- pound average 50 eac! LIMA BEANS. Suppiles lizht; demand light: “market sieady. North 'Carolina, bushel hampers. 2. Corn—No carlot _arrivals: no cars on track — Truck receipts Iliberal: supplies liberal: dem moderate: market weak. North Carolina. sacks and standard crates. BLACKBERRIES—Supplies insuffcient to_auote. RASPBERRIES—Supplies light: demand moderate: market steady. New Jersey bnckun- 10 per quart; redcaps, 10 per PSbINACH—Supplies demand moderate; market mndy Pennlyluma‘ bushel, hntkets 6 ES—Three California arrived: twe broken and - four unbroken cars o track. ~California, boxes, 3.75-5.00, as to srade and size LE] boxes, No. 1, NS—California. .00 80 Noo S @008 50 as to s memond 475 busliel box 0- 12 hoxes, 1785 Bushel baskets, 300.4130 CABBAGE—_Pennsylvanis. 5-peck ham- pers, round type. 50-85. BEETS—Pennsylvania, arrivals: 5-30 per dozen ia. crates. 1.50. 35-40 per bunches. BROCCOLI—Bennasly Pennsylvania, 2en | e iiies, aog ' P BEANS_Pennaylvania. bushel h-tkm Black Valentines."1.4 CUCU sh»re va.. BERS— Eastern b\l!hfl hlskeu 1.00- 5. OKRA= Florida: bushel hampers. 300 2.25; Tennessee. 12-quart climax baskets ]‘morunrmrlorm bushel hampers, eraies, SCAULIFLOWER — California. Rl-;lus.um—nnnnlnm- 25 per dozen kL ERERRIES—North Carolina. 10- ey pet i RIEs_Norin Carolins. 5 Rew “Jeriey, sour. 8-10 per ds. crates, 1.2§-1. ventilated crates. 3. UMB—_No carlot arrivals: one broken and ‘one unbroken cars on Cali- {ornis. Tour-Dasket erates, 1.3 Tipe, "PINBAPPLES—No cariot arrivals: one » n car on track. Florida. crates. 3.00- au # Vi~ dos—Flori v, "1 00 e 380 from Southeast Missouri mines sold yesterday at $5.85 per hundred pounds 8t. Louis. A - LlEx’B—NG earlot arrivals; one broken o A!ANA.—T'O llfl'ld ne Irolen ‘And two uRbrORYA oot on track 2 | Treasury currency FRIDAY, JULY 2, 1837. Saturday Closing To Start Holiday For Big Exchanges By the Assoclated Press. NEW YORK, July 2.—All important securieties and commodity markets in the United States will be closed Moa- day, July 5, in observance of Inde pendence day, and most will be closed tomorrow. Among exceptions to the Saturday closing are the Chicago Board of ‘Trade, New York Cotton Exchange and the Chicago Cotton, Boston Wool, New York, Chicago and other livestock markets and the Savannah and Jacksonville Naval Stores. ‘The closing of the New York Stock and Curb Exchanges Saturday will mean that no major securities markets in the world will do business that day as the London, Paris and Amsterdam exchanges are closed regularly during the Bummer, EXCESS RESERVES GAIN 60 MILLIONS Second Weekly Rise Laid in Part to Decline of Treas- ury Deposits. By the Associated Press. The Federal Reserve Board reported that member bank excess reserves to- taled $870,000,000 on June 30, an in- crease of $60,000,000 over the pre- vious week. It was the second weekly increase | in these idle funds, a $60.000,000 up- turn having been recorded last week. This week's increase wax attribu- table in part to a $58,000,000 decline in Treasury deposits with Federal Re- serve banks. When the Treasury withdraws funds from the Reserve institutions they are paid out for salaries and goods, flow into the channels of trade and industry and find their way into commercial banks, increasing the sup- ply of idle money available for lend- ing. Money in circulation increased $54,- 000,000 for the week, to $6,443.000,000. This was $198,000,000 over the same | week last year. Gold stocks, climbing $48.000,000, reached a new $12,318,000.000 high Changes in member bank reserve balances and related items during the week and the year ended June 30, 1937, as reported by the board (in | millions of dollars) were as follows June 30. June 937." 1 Bille | discontinued Billg bou 5. G evernment LT Industrial advances mot_including 18 million com- mitments—June Other Reserve bank Toul Ruerv! bank Goid stock 18 2.651 8.000 £448 3.445 With Feadra Res serve banks de- Member bank Re- serve balances Mones” in circula- t 03 Non-member osits and other accounte B4p tLess than $500.000 INVESTING COMPANIES NEW YORK. July % » —New York Se. eurity Dealers” Asaociation Admin T4 3nd Tne D 2 —42 Bancamer Biair Bankers Nat Basic Industry Cumuiative Tr Depos Bk 8h N 121320 1355 -vim L0 D n 21 2ot 19 e 8h A Fund Investors Ino - Fund Tr Shrs Fund Tr Shrs B - Gen Investors Tr - _ Group Agriculture Group Sec Automobile __ Group Sec Building Groun Sec Chemical Group Sec Food = Group Sec Invest Shrs Group Sec Merchandise Group Sec Minini Group Sec Petroleum Group Group Group Huron Incorp Investors Instl Sec Bank Group Inst Sec Insurance Investors Fd "'C" Keraion’ Cust Fund B-3 Major 8hrs Corp viand Fund 1 R maBm el e oo e S s 5 e 2o bolmanel Rz AL > anpDR3ND [T SR POUR vt e SESTROP EEEE S-S B ER: PITHEL 4T Quarterly Income Sh Selected Am Sh Inc Spencer Trask_Pund __ Stand Am Tr Shrs 2DWD 2 Trus Trusteed Am Bk Trugteed Industry Shra Wellington Pund et oSS P e S Fe b B 5 4 . & 4 A3 CHICAGO LIVE STOCK. CHICAGO. July 2 (™ (U. S. Department Asriculture) —Hous, - .00, including Bionge et MATkS's verase: packing n Thursday's e "lénr: Bioo Sounde: 12 mkan"fsdo 150 300 pounds. 12.10- Sounde. 1% 00d '350-500- 3 rainfed in_very moderate supply: firm at week's sharp advance: sev- eral loads. 14.00-75 with best about 15.10 garly. alttiough some held bigher;” medium kinds .75-13.00: ' demand broaderthan ean-up market on grass ste eighty kinds steady: light Blatn offerines, weak on” both Killer 'and stocker account: some week end pile up common to medium stock steers. but liberal movement to country this week up- ward 5.000 head replacement cattle goink : “closing stocker trade 25 or more clean-up trade on grass cows and small _and market fully 5.00 down to 3.78 :‘mostly 8.50-7. nuplfl' Towes heifers: _crop steady: cutter cows Tass cows. b.50- P Bile dum vealers steady at 7.00 down and 9.50 down. respectively. ‘Sheen. 6.000, _including 3.700 _direct: market active: Sprins lambs and yearlings as much as 25-35 higher: top native Spring lTambs, o84 ;_bulk to ers D giraight: medium to 2 (I—Btock prices. tr- rerlfinly :'nrljy“ l’duea generally nue;' toda; 3 ris Ofterini e more Brongunced: bus SSere absorbed. Most groubs Wwere tions lonr uropean bonds ended about_even. mestic issues on the Bourse cloyed %v}?‘una'f{h moderately heavy of a3 "with " rent {SHinE® mont of France deciined 78 Doints, ternational isues were frm. P {than 10 times greater than in the FINANCIAL FOR PEANUT OIL Rise of Domestic Consump- tion Is More Than 1,000 Per Cent in 2 Years. BY J. G. DONLEY. Special Disnatch to The Star. NEW YORK, July 2—No longer ecan We use the word “peanut” as a derisive term denoting diminutive size. For years America has jestingly referred to “peanut businesses” and to ‘peanut mentalities,” and the thought has been of the little kernels that nestle in the peanut shell, especially those round, pea-like kernels from nuts of Spanish origin. The nut itself remains small, of course, despite the development, her- alded annually in boyhood days with every return of the circus, of the “Jumbo, double-jointed” variety. But, believe it or not, there has been an | increase in consumption of crude pea- | nut oil in the United States during the paat. two years of more than 1,000 per cent. Becomes Big Business. Grinding of peanut oil and its utili- zation in compounds and vegetable shortenings has become a sizable bus- iness in a short space of time. Re- ports by the Bureau of Agricultural Economics indicate consumption of 134,000,000 pounds of crude peanut oil in the 1935-6 season—the ‘peanut season” runs from October to the following September—which was more 1933-4 season. There are two main reasons for the rise of the peanut in the world of oils and fats. The first has to do witn the return of a measure of prosperity, | i!nr “living on the fat of the land” is something more than a synonym of | better times. The agerage American family uses about 60 pounds of fats a year, it is figured, and the better the times the higher the average | rises. Consumption rises with incomes for the reason that fats—particularly in the form of dairy butter—are an ex- pensive item in the food budget. Taken together, butter and other fats, eggs | and meat make the biggest dent in| the family pocketbook, 30 far as sub- ! sistence items go. | Other Supplies Scarce. ‘This increasing demand for edible | fats has impinged upon a situation of rather scant domestic supplies of cot- tonseed cil and lard, and aside from butter, those two are the most im- portant of the edible fats and oils consumed in the United States. That is why peanut oil has stepped in to fill the gap. Peanut oil is used as a salad oil and as a cooking oil, and, by a process invented two or three years ago, two oils alone—cottonseed oil and peanut oil—are blended to make an oleomar- garine which is freed from dependence upon any oil of foreign production. (Copyright, 1937.) REICHSBANK STATEMENT. BERLIN July 2 (#.—The Reichsoank | statement as of July 1 shows the follow- | ing changes (in thousands of reichsmarke Noles in circulation. 4.891.000. 563,000, Gold. 6R Foreign crease. 294 checks 74352, Advi 24881 IOIR' ln‘\ulm:mx 104.174. un. changed. Ratio of old and foreign eur. rency to notes. 1.5 per cent. Rate of dis- count. 4 per cent, L crease. MONEY MARKET. NEW YORK —Call _money J steady. 1 per cent Al day: Primé Commer: cial paper 1 per cent: time loans steady A0-00 days. 1'4: 4-8 months. 113 per cant bankers " acceptances mnchang: redis- | 1 count rate, New York Reserve Bank, per cent. RUBBER FUTURES. NEW YORK. July 2 (#.—Crude ruober futures opened steady. gher to 4 | lower__3uly “unguoted” sentcmber 1087- | Dece 20,0 | Own Your Ilomo Outright in 20 Years $9.50 per $1,000* r month pays all carrying charges and taxes. *Approximate. Consult SHANNON & LUCHS Lean Cerrespondents INVESTORS SYNDICATE 1505 H St. N.W. NAtl. 2345 First Mortgage LOANS IMPROVED REAL ESTATE At 3% Monthly Payments If Preferred Construction Loans District of Columbia, Nearby Md. and Virginia DENAND CROWS AUTOPRODUCITON EXPECTED TO DROP Ford Shutdown and Some Slackening in Demand Due This Month, By the Associated Press. DETROIT, July 2—The motor ear industry was almost wholly free of atrike troubles last week and the effect was an immediate increase in produc- tion. In the preceding two weeks there were numerous interruptions to pro- duction and assemblies dropped off Lacking any further serious inter- ruption to output, the industry in July probably will turn out 430,000 cars and trucks. In the month just ended the volume of assemblies was approximately half a million units, but left the factory far hehind the sales room. A tapering off in demand is expected to appear shortly, however, and it is on this basis that production man- agers place a slightly lower volume estimate for the first month of the second half of the year. There iz also the fact that Ford is expected to be out of production for three weeks starting probably on July 16. Production possibilities continue to occupy the thoughts of motor car makers. Such authorities as William S. Knudsen, General Motors’ presi- dent, say that in the face of current conditions in the industry, manufac- turers cannot appraise demand three months ahead or production even as far ahead as next month. Nevertheless, barring some serious interruption that might come out of | twice-postponed negotiations between | General Motors and the United Auto- mobile Workers of America over new demands to be made by the union, and the unionization drive against the Ford Motor Co, the distribution divi- sion claims there is retail need war- | ranting production schedules pointed | at 5,000,000 units for this year. With labor peace. say these same authorities. A similar volume might be forecast for 1938 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1116 Eve 8t. N'W. Phone NA. 2184 Safe Investments First mortgage notes, well secured on con- 6% servatively appraised, new buildings in Washington and neer- by Marylond. Dencminations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Menthly Payments MIMBER BLOIN & (oMK ASiOciATIoN CounciL ¥ O.€ NAT [TONAL Pt Bunomiiia ASSOCIATION UNDER “3UDLRVISION U.S. TREASURY 949 NINTH STREPFT,NW. First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action ON IMPROVED B. F. SAUL CO. 925 1Sth Street Natl. 2100 D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinanci ng. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATIVE B UILDING ASSOCIATION 915 F STREET N.W rganized 1879