Evening Star Newspaper, July 6, 1937, Page 17

FINANCIAL U. 5. BONDS RISE WITH CORPORATES Adva nces Range as High as 8-32—Bethlehem Net Today. Prev Month ago. 93.71032 Year 1937 1937 1936 1936 1932 1928 Noon ... Month ago 111.1 1937 1936 1928 (Cor Issues Climb. Bond Averages 20 10 10 10 Rails. Indust. Util. F'rn change. +.2 +.1Unc. —.1 noon 9241026 964 724 day 9221025 964 725 98.3 91.9103.0 102.1 99.0104.4 102.8 90.9102.2 958 98.2104.4103.1 86.9101.8 993 458 400 64.6 hlgh -101.1 9891029 100.5 10 Low-Yield Bonds. 110.6 Prev. day. 110.6 Year ago.111.8 ago. high_ 113.7 high_ 1135 high_ 104.4 mpiled by the Associated Press.) By the Associated Press. NEW YORK, July 6.—Federal loans moved with gains ranging as high as 8-32.| Arzentine4lis 71, Corporate issues also leaned forward|Argentine5iys 62 sentiment as tinge. Bethlehem moved 1949 lifted edged up 1'y gamned Higher ern U were higher in bond dealings today, tock on an optimistic Steel little. 3%s and 4%.s Alleghany 55 of unchanged. Most rail little. Great Northern 4s and Union Pacific 3128 up a a 1 Studebaker 6s. International West- Tele- were nion phone 5s, Goodyear 5s, Armour 4s and Walworth 4s. Tilting down a trifle were American Water Works 6s. Great Northern 4'.s and Santa Fe 4s Forei, gn doliar bonds were better, By private wire direct to The Star. All time shown below is daylight saving on which the Exchange is now overatins. Approximate Transactions Toda; U S Gov't Bonds 270,000 Foreign Bonds 1,640,000 Domestic Bonds_.. 7.120.000 TKEASUIY Lnn 10515 2100.1% 99.27 10 10022 3145 1946-49 31w 1941 3145 1944-46 3355 1941-43 Mar 335 1943-47 45 1944-54 '43-45 52 106.5 106.7 2 106.19 111.10 106.6 115.19 LOAN 100.4 100.12 106.7 106.7 106.22 111.10 106.11 106.12 3 115.23 115, HOME OWNERS' 1942-44 100.4 100.13 100.9 1025 102 FOREIGN BONDS. Abitibl Pa&Pw 58 '53 Adriatic Elec 7s '52 Antioquia 75’45 A Antioquia 7s '45 B Antioquia 7s 4 Antioguia 1st Antioquia 2d 7s Antioquia 3d is 3 Antwerp 5s 58 Argentine 4572 438 1947 100.4 100.13 381952 11'; 131 1% 10015 9Ny 1008 100y 913, 10014 1007 100 1014 101, 1007 1014 100+, Argentine fis Argentine 1008 1014 1010 1008 [ 1014 1011, 1007 10145 1000, 1015 1021 . 1060, 1061, 103 . 10915 = 110 1187 . 1011, s DI\I | Argentine 6s 60 Oct Arzentine 6s 61 Febr Argentine 6s 61 May Australia 47 56 Australia 5s | Austraiia 5s Austrian 78 '57. | Belgium 53 Belgium Belgium 7s Borzen City Berlin Ele | Brazil 63 Brazil 61. Brazil s 1061 110 1181, 1011, with a few weak spots in German and | oz g8 o) French higher. loans. Polish issues worked Breda Ernesto s | Brisbane 5558 | Brishane 6s Buienos A C 3s ‘84 NEW YORK BANK STOCKS Buenos A C ¢ B &5 Bx Empire Manufa New York & Tr ¢ Bk & T T er ufacturers Y Bubiic Title G &'T FEDERAL LAND BANKS NEW Bank bo» DivI NEW elared Archer-Dan-Mid] Cent; Furesto Food [} Mach’ Corp YORK. J nds ily 8 ().—Federal Land DENDS ANNOUNCED YORK. July 6. vidends de- Regular. o LLLLEL R of Pay- | rd. able = N S CHICAGO PRODUCE CHICAGO. 20 truc (93 score) firsts exira SR ra, Etandards (¢ 15,006, cars. cars Exgs Shse: 5014 hens live. pounds Lechorn P th July eady 1 and | memm Plymouth | b, rogstere b | . 14: No. » turke colored. 472 pounds weese. 11 m: creamery. snecials 4 extras (02). 30Va; | 001" 80 firsts (k-89 | seconds K1, Bl 16 iocal ocal storage-pac ked packed No© U. 8N 30 Virginis. decay. 1 1. 1.50; U._8 75-R0: U.'s. B nmm graded 3 sales’ 1.15 U ) showing | 20205 Norin' Cargima, No. Bliss Triumphs, No 1. showing _decay Ir)nho U, No. L. No 0. 1.50: Arkan- . FOREIGN EXCHANGES. ehange others in cents 495 YORK. July 6 (@ .—Foreign ex- firm: Great Britain in _dollars, o Girat Britain -Demand #0-day bills, 4.94 % Lf6la: cables, k6l taly—Demand 3 Demands—Belgium. 1001272, 22.13° Finland 7: $pain. unquoted: a1: Poland. 1$ Yugoslavia 3 Hungary, 19 80 3.04n: " Brazil Snhanghal. 20.80: 8 Greece. LN § New York Jn Montreal n—Nominal. NEW YORK PRODUCE. NEW YORK. July 6 (P.—Butter, 13,843, firmer: 813,-32 firsts (R4-R7 B 4R.54 pounds. 1 (Northw ern) Ri-nf ‘score). _creamery higher extra s s than score) 251- 14:\ 92, : sec * contralized (80 State, whole . 19: do.. held 'z, do.. fresh fancy, mixed colo 2 2: standards. mediums, 2072-21: dirties, : average checks. 19-19115, ultry, by freight. steady. Fowls. ' colored. 1d roosters. 13. Spe- No. Broil- 19-21; stead 3, i . weak ocks. 19 Reds. Fowis. ,id roosters. colored. 13, Fresh: Chick- | fryers. - 5 pounds, 15-17. Old turkeys Old_roosters, 7. Wesiern and _Southwest- ves 14-2 Ducks. 1 Chickens (Eoxes). brollers, 713-2415: Toasters, 20. Bounds: nds’ evs 17-2 TU.s. iNotthwestern 14-19: 48-34 pounds Tur- snd Southwestern), Ducks. 18-1813, TREASURY POSITION. By the Associatea Press. The position of the Treasury on July 2: Receipts. 49.452 omer:ency exnrnduurm S123.089 $116, 351 643917 S aian excess of expendi- 971.34: rross debt. $36.- a decrease of :1.0Rb.- ihe previous day. sold as 34 Including ~ 81.- o ot o MONTREAL SILVER. m: er. () —Silver fu- 'REAL. 6 opened nengr and unchanged to 10 July. 0b: September, 44.35b; er. 44,300, Beu A 415-4%577 Py, Buenos Alres 43,5475 76 April Ruenos A 4155'T6 Aug Buenos A4 Bulgaria 7 9914 1064 1121 86861 Jan 20 65 °61 Febr._ Chilean Mun I Colombia 6 Colombia 65 '61 Oc| (np:uhanm 4y er 100 102 6 1 2 10415 2 1044 1004 101% 5 ecioslovakia 855 | Denmark 41,8 62 _ | Denmark 5 | Denmark 6s | Dominic 1st | Dominic 2d 55 69ext | Estonia Ts'67 ___ Fiat deb 7s'46 ;p rench Gos | Ger Gov 512865 un st | Ger Rep 7s 49 st Grt C El Jap Greek Gov 68 '68 Greek Gov 7s’64 Haiti 65 Helsingfors 61560 Hungary 7158 '44 Italy 7851 Ital P U Crd 7s '52 34 100 105 61 10013 105 'Japan 512560 Japan 613s '54 Kreug&Toll Lombard Elec 7s '52 Low Aus H E 61544 Medelin 614s 54 Mex Ire 474 Milan 6%s Minas Gers 6 New So Wales 5 New So Wales 555! Nord Ry 6155’50 Norway 4s 63 | Norway 4145’65 Norway 4135 56 Norway 65 43 Norway 6s'44 Norw Hy El 5%s'57- 0Oslo 41555 0510 G & E 5363 Panama 5563 atp as . Paris Orl Ry 55 68 Paulista Ry 7s 42 Peru 6360 Peru 6861 Tu 7s '59 Pirelli Ts '52 Poland 6540 Poland 7s ‘47 Poland 8s ‘50 Prague Gtr 71,8 Prussia 6%s 5 Queensland 7s *41 Rhine W EI P 7s Rio de Jan 8s°46 Rio Gr do Sul 65’68 Rio Gr do Sul 7s '66 Rome f1;8'52 Ruhr Chem s '48 Sao Paulo C 8s°52 Sao Paulo St 65 '68_. Sao Paulo St 7s 40_. Sao Paulo St 85 '50. Serbs 8562 Shin'su E P 6%s'52 Silesia Prov 7s '58 Taiwan Elec 5%s 71 Tokio 63561 Toklo E L Ltd 6s°53_. Un Stl Wk 635547 A Uruguay 6860 Uruguay 68 '64_. Warsaw 7s ‘68 Westphal E P 68 ‘53 Yokohoma 6s ‘61 5 71t 27t 10315 H 1031 1003, 1011 6015 941 90% 10314 100% 101 6014 9414 90'% 1031 100% 101 60% 944 90 19% 19% 20% 34 67 4874 96% 23% 4 109y 50 DOMESTIC BONDS. Adams Express 48°47 99} 9914 Adams Express 4s'48 100 = 99% Adams Exp 4%s’'46__ 102 101% Alleg Corp 68 '44..__. 98 Alleg Corp 58 49. 8114 Alleg Corp 68 °50 stp_ 65% Alleg Valley 4s°42_ 09 Allied Stores 43455 Am & For Pw 55 2030 Am [cecv 58°53. . Am 1GCh b%s 49.. Am Intl 6348 49 _ AmT&T 3%s'61. AmT & T 3%s 66 Am T &T 4%s 39 AmT& T 5%s 43 Am T F 2%s-5s" 3! 50 Am Wat Wks Anaconda deb I‘/n 50 Armour(Del)1st 48’55 Armour (Del) 48 °57. Armstrong Ck 4850 A T&S Fe 48 '05-'55 A T&S Fe 45 °09-'55 A T&S Fe gen 95 ... 4 110% 110% A T&S Fe 4358 48 ll!B'i 109'a Atlanta & Birm 45’338 30% 3014 Atl Coast L 1st 48°52. 102% 102% 102% y 1034 103‘« 1074 10714 107% 107'% 1008 | THE EVENING STAR, WASHINGTON BONDS ON N. Y. STOCK Atl Coast L clt 4s°'52. AtICL un 4% 64 Atlantic & D 1st4s'48 AtIG & W 1st 68 '59.. B&O Istds 48_ 68’96 F ref bs 2000 D_ ref 6s 95C _ PLE&W Vis'41 B & O Swn 6s 60 Bell T of Pa bs 48 B Beth Steel 33,8 '66 _. Beth Steel 414s 60 __ Bos & Me 4% 861 J_. Bos & Me bs 67 BotCon M 61%s 34 _ Bot Con M 63534 ct Bklyn Ed con 33566 Bklyn Man T 418 66 Bklyn Un EI 68 50 Bklyn Un Gas 6s ' Bklyn Un Gas 6s ‘50 _ Bklyn Un G 68 57 B Buff R&P cn41;8'57re Bush Term con 5s ‘55 Bush Ter Bldg 68 60 Calit Packing 58 40 . Can'dian NR 4%8 51 Can'dian NR 41,856 Can'dian NR 42,857 Can NR 415557 rg Can'dian NR 4%s 55 Can’dian N 5569 July Can'dian P db 4s perp Can'dian Pac 4%s 46 Can‘dian Pac 435 ‘60 Can'dian Pac 6s ‘54 Central Fdry cv 55'41 |Centof Gabs'59C. . Cent of Ga con 5s "45. Cent Ga Chat 4s ‘51 | Cent 111 £ & G 68°51 | Cent N England 4s'61 Centof N J gen 58 '87 Cent Pac 1St rf 4s°49. | Cent Pac 5360 Cert'd deb 51 & & & & & & & C&Ogen4ls C& O con 5s 39 Chi B&QI div 3!/,: 49 Ch1 B&Q gen 4 512 | Chi B&Q1 div{q'lil | Chi& BT 5s 51 | Chi & E 11155 °51 ctfs | Chi& E 111 con 6s* | Chi Grt West 48 CM&StP5s'Th i !r\msr_mpam ‘s" k] Chi R I&P rf 4s 34 | Chi R I&P rf 48'34ctf. | Chi R I&P gen 48’88 _ |ChiRI&P 4138 " | Chi RI&P 4158 | Chi R I&P 4358 60 Chi T H Chi T H&S Chi Un § Chi Un Sta 48’62 Chi & W Incon 4s ‘52 Chi & W Ind 4%s 62 CinG&E3%s 66 | CCC&St L gen 45°93 hogt L4328 °61. Clev Un Ter 43577 | Clev Un Ter 5573 B | Clev Un Ter 5158 | Colo F&15s 70 2| Colo & So 4155 '80 umbia G & E 58 ‘52 May Columbia G&E bs* Gl Colum Ry P&L 4s 65 | Comel Credit 3% s 51 Com Inv Tr 31385 Cons EAN Y 3148 .76 Cons Gas NY 4’4< ‘51 | Consol 011 335851 Consum Pwr 31s'66 Consum Pwr31;8°70 Consum Pwr 3% s 65 Container deb 43 Container 6s°46 _ Crane Co 31385 Crown Will P 6s | Cuba RR 1st 58", ‘(.uba RR ref 718", 36 | Dayton P&L 31860 | Del & Hud ref 4 Den & R G con 4s Den & RG W &s Den & RGW Den & RG ref Det Edison 43 '65 F Det Edison 41;8 '61 D Duauesne Lt 315x '65 21111 Bklyn 45 '39 Erie cons 4s Erfe gen 4s Erieref 58°67_. | Eriaref 5575 Erie&Pitts 313540 C Fairbks Morse 4s ‘56 Fed Lt&Tr 65 '42 FlaC & Pen 5s'43 Fla EC Ry 415859 Fla EC Ry 58 ‘T4 Fla E C Rv 5374 ctfs Fond J & R 4s'82 filed Gen Am Inv is Gen Mot Acc 38 Gen Mot Acc 3% | Gen Stl Cast 515,849 Goodrich 4% s ‘56 Goodrich fs 45 __ | Goodvear T&R b5 '57 Goth Silk H 55 '46 ww Grt Nr Ry 2%, 8°67 Great N Ry 43 46 G . Grt NRy 4s 46 H Grt NR gen 4148°75 D Grt NRgn4%s'17B Grt NRgn58'73C_ |Grt NRE%s 52 B Green Bay £s'62 B._. Gulf M & N 53 50 Gulf Sta Stl 4148 °61 . Gulf States Util 4s'66 Har Ry PC1 st4s'54 Hoe (R) 1st mtg 44 Houston Ofl 5%8 40 Hudson Coal 68 '52 Hud & Man inc 53 '57. Hud & Man ref 5s 57 111 Bell Tel 3870 . I11 Cent col tr 48’52 . 11 Cent col tr 4s°53 111 Cent ref 48°55 I11 Cent 4%s '66 111 Cent Lit div 38" 111 Steel deb 4148 '40 ICC&St L N O 43;8'63 ICC&St LN O 68’63 .. Inland Stl13%s'61 Int R T 1st rf 6s'66 IRT1strf5s'66 ctfs Interlake Iron 48 '47- Int Grt Nr6s'56 B Int Grt Nr 58’56 C. Int Grt Nr 6s°'52 A Int Grt Nr adj 68’52 A Int Hydro Elec 6s'44 Int Mer Marine 6341 Int Pap 1st 6847 A__ Int Pap ref 6s'55 Int T&T cv 4%8 '39__. Int T&T 4352°52 Int T&T bs ‘55 James F & C 45’39 Jones&L Stl 434 g'61A Kans C F S&M 48 '36. Kan CFS&M rf4s'36ct Kans CSo 1st 3s8°50... Ki City So ref 6#50 Kans C Ter 18t 45°'60. Kans G&E 44380 Kresge Found 3% #'¢7 Kresge Found 4s ‘46.. Laclede Gas 5339 % Laclede G %860 D Lake S&M So 3 97 Lautaro Nit 1975s ... Leh C&N 43854 A__ Leh Val Har 68 54 Leh V NY 4%840 gtd Leh V P con 48 2003 Leh V P con 4148 2003 Leh V RR con 5s 2003 Loew's 3%8 46 Long Isl ref 4s'49 La & Ark 53 69 L & Nash 3%s2003__. L &N Lst 482003 .. L & N unif 4s°'40 L &N 43482003 C. L & N 8o Mon it 48’563 McCrory Strs 5852 Hirh, 9414 9% 4814 73% 105 T1% 1 ‘Z"l Low. Close. 9% 94Y 90'; 917 4678 467 3% 1047 T0% 1031 e 104y 11314 1041 112% 11315 113% 1121 11214 1114 115% 115% 94% 10414 1015 100% 100% 93 9R1L EXCHANGE High. 104 1024% McKess&Rob 61, 8'50 MeC RRclt 48’45 A Manhat Ry 48°'90 _ Manhat Ry 90 ctfs Marion Sti Shov 6847 Met Ed 1strf 434868 Mich Cent 4840 ___. Mil El R&L 68 '61 . Mil E] R&S L rf 68’71 Mil Spa & N W 415°47 M& St Lirf 58'62 ctfs Minn & St L 68'34ctfs MStP&SSM cn 4838 . MStP&SSM cn bs '38 MStP&SSM bs ‘38 gtd MStP&SSM 631 49 MStP&SSM rf 68 '46A MoK & T 1st 4890 MoK&T4s 62B____ MoK&T Mo Pac 4s Mo Pac bs Mo Pac 58 Mo Pac bs Mo Pac 55" Mo Pac 5s'80 H Mo Pacific 55" 81 I__. Mo Pac 518 49 A Mob & Ohilo 414877 Mob & Ohio 55 '38 Mob & Oh M div 58'47 Mohawk & M 4s°91_ Mont Pwr 3%s 66 Mont Tram 6s'41. Monong Ry 1st 45 '60 Monong Pub S 43%5'60 Morris & Es 3338 2000 Morris&Essex 434855 Morris&Essex 58 ‘55 Mutual Fuel G 58°47_ Nashv C&St L 4578 Nassau Elec 45’51 std Natl Dairy 3% s'51ww Natl Dis PC 434845 Nat Ry Mex 1st 4s ‘51 asst Nat R M 41;8°26 asst Natl Steel 48 &5 Newark C Gas 5848 New Jer P&L 438" 10315 105 314 4% 105 119% 105% 85 T4 945, 941q New Orl PS5s 52 A New Orl P S 58 55 B New Or] T&M 41 New Orl T&M 5 New Orl T&M 51 NOT&M 51, 8'54 NY Central 314897 __ NY Central 3%, s'46__ NY Cent con 45’98 NY Centrf 41482013_ NYCrf4%s2013n NY Cent rf 65 2013 NYC Mich C31;8'98_ NYC&St L 1st 4s°37_. NYChi & St L 4s’46.. NYC&St L 4248°78 NYC&St L63,8°74 A. NYCht & St L 63°38._ NY Dock 5s°38 2 NY Edison 3%, 8°65 D \Y Elisref313,s'66_ Y G K] HEP 4849 reen L5846 \\' L& W ist4s'13 | North Am Ed 5857 NY OKW ref 4n 92 NYQueens con3 13565 NY Tel gen 414839 NY W&B 415846 Niag Falls P 31,866 Niag Sh 58’50 Norf So 1st ref 5561 Norf & W 1st 4596 __ North Am Co 5861 A Yor'n Ry (Calif)5s'38 5% | Nor'n Pac gen 33 2047 1015 1031 107 101% 100 101% 1061 1011a 10414 1001 105% 1041, 1044, 1097 8015 983y 1043, 109% 801, 98, ¢ T34 2 10415 1015 102 101% 847 1001, 2 10419 1043 99 95 12615 109% 105 103% 110 117% 1% 9814 9614 1007 9414 89% 109" 43y 23% 66 2 105'% 101% 102y 102 841y 101 104 10474 99 % 104% 484% 46 107% 107% 103 103 99 99 103 103% 94 101% 55 57 657 S 99 99y T 101% 101% 88 88 92 92y 9814 984 10674 108% 106% 103% 103'4 103% 97 97 97 104% 104% 104% Y Nor'n Pac 4s 91 Nort'n Pac 58 2047 C_ Nor’n Paec 68 2047____ Ogden L.C 4x 48 A Ohio Edison 33,872 Ohto Edison 4565 | Ont Pwr Niag 5843 Orez RR&N 4 Oreg Sh Line 46 46. | Orez W RR 4s 61 Otis Steel 4 ‘62 Pac Gas & El13%s 6 PacG&E3%s 61.__ PacG & E 4s'64 Pac T&T rf 31,5 '66 B | Pac TRT 31 s'66 C | Panhand EPL 4s '52 Param’t Pic 318" Paramount Pic 68 ‘55 Parmelee fs 44 Penn Co 45 '63 Penn Dixie C 6s'41_ Penn P’ & L 41881 Penn RR 3% s w1 Penn RR33&" Penn RR 41,881 D . Penn RR 41,8 84 Penn RR con 4135 '60 Penn RR gn 412865 Penn RR deb 415870 Penn RR gen 5868 _ People G L&C 6543 __ Peoria & E inc 48’ Pere’Marq 1st 4s'56 Pere Marq 41;s 80 Pere Marq 15t 55 ‘56 Phelps Dodge 1";< Phila Co 5s 67 Phila Elec 33867 __ Phila & R C&1 58°73_. Phila & R C&1 6s°49_. Philippine Ry 4537 _. Pillsbury F M 6s°42 PCC&St L 475 PCC&St L 4 Port Gen EJ 4158 '60_ Port G E 55’35 assd __ Postal Tel & C 5s°53 Pressed St] Car 58 '51 Purity Baking 5848 _ Reading Jer C Reading R 415 Reading R 4%8'97TB Rem-Rand 4, s'5s6ww Republic Stl 41,8 °50. Republic Stl 4148 '56_ Republic Stl 414 - Revere Cop 4% s '56 Richfield O 6844 ctfs Roch G&E 5s'62 E___ Rutland RR 41;8°41_ Saguenay Pw 438’66 St LIM&S R&G 4833 StLP&NW5s'48 __ St L-S Fran 45’50 A St L-SF 48°50 A ctfs St L-S Fran 4138°'78 St L-SF 41%48'78 cf st St L-SFran5s'50 B . St LSF5s°'50 B ctfs. StPKCSL4%s"41_ San A & A Pass 4s°43 San An P Svc 68’52 A Schulco 61;8'46 B stp. Seabd A L 48’50 stp_.. Seabd A Liref 4s5°59 . Seabd A Lrf 48’59 cfs Seabd A L adj 58°49__ Seabd A L6845 A __ Seabd A L 6s 45 ctfs_ Seabd A-F1 6835 A ct. Seabd A-Flaés'35B ct. Shell Un deb 3%s '51. Silesian Am 78 *41. Skelly Ofl1 43°'51 Socony Vac 314850 _ Sou Bell T&T 3%s'62 Southn Cal Gas 4865 Southn Cal G 4%s°61 So Colo Pwr 63 47 A South Nat G 4348 '51. SoPac3%s 46 _____. SoPaccol 48°49 ... So Pacref 48'66cac. SoPac 4148’68 cee .. So Pac Oreg 4% So Pac 8 F Ter 4 So Ry gen 4856 A. e 101% 106% Southw'n G&E 4360 Spokane Int 58 ‘65 . Stand Ofl N J 35 61 Studebaker cv 68 45 Swift& Co3%8'50- Tenn El Pw 65 47 A Term Asso con b8 '44_ Texarkana 538 50 Texas Corp3%s 1. Texas & Pac 5877 B_ Texas & Pac Texas & Pag 58 '30 Tox & Bao et b 2000 Third Av ref ¢s ‘60__. Third Av 1st 68°37_ Third Aadinex 5566 18 Low. Close. 103% 104 10215 102% 32 32 30 30 88% 88% 106% 106% 104 10074 o | demand 4 105% 105% 105t 8%, 98% 101‘2 106‘6 9514 90 17% 18 +|to public spending. jumped $54,000,- D. C, TUESDAY, JULY 6, 1937 VITALITY SHOW BY TRADE INDICES Steel, Motors, Power and Freight Loadings Hold at Steady Levels. By the Assoclated Press. NEW YORK, July 6.—From diverse sections of trade and industry have come indications of continued busi- ness vitality, analysts noted today. The statistical “big four"—steel, motors, power and carloadings—have recently turned in comparatively steady performances, although symp- toms of Summer slackening have been present. However, as some see it, behavior of statistics covering these four major flelds must be studied constantly in the light of trends ruling in other and less spectacular sectors of business. Recent grist from the business news mill bears witness to improvement in miscellaneous divisions. A random selection of brighter items follows: Scrap steel, traditional barometer of the steel industry, has been marked up 50 cents a ton at Pittsburgh. American Airlines, Inc., reported a 92 per cent increase in passengers flown in and out of New York in June compared with the like month of 1936. New York Telephone Co. reported | | a gain of 4,085 stations in June, com- pared with a loss of 1,745 in June a year ago. Secretary of Labor Perkins an- nounced that non-agricultural in- | dustries employed 34,700,000 persons | |during may, an increase of 316,000 | over April, 600,000 over March, and nearly 2,000,000 above May, 1936, Currency in circulation, yard-stick 000 to $6,448,000,000 in the week ended June 30, a spurt bearing witness to preparations for both the holiday and the first full swell of vacation spend- ing. Washington Produce : 1-pound prints, 33 fub, ;4. 90 score, 1+ pound prints '«-pound prints. 35 tub. i3 market strong MEATS- Choice beef. 2] 16 17 8pring lamb, fresh pork, 25 . 26 fresh hams sliced bacon. a5 'z lard. 141 LIVE STOCK Pigs. i’ calves. 15a Fall lamb, frozen pork 24: smoked slab bacon. 25, hogs 50 il A lnb pivashing. ton. = Bvthe’ United ‘Staies Buresn 5t Akricultural ‘Economics EGGS-—Markel fully steady and prices jinchanged. = Current receipts ) 1; hennery whites, 221 ment graded and Sxias, large “u 241, standards large LivE PoULmy--\i.rm ®ith prices nominal. Rec Colored. heavs. i to 13 Lekhorns, 10° " Chickens Virginia. 21 to 1K less than Old hens. 16 to 17, aile: lig al03,; w s 0 Prices paid to mmnm"a, pis light. Fow Crosses, to Leghorns. Pounds. 16, Turkevs old toms. 13 to 14 Fruits and Vegetables. Sales in Jarge lots by or r upSiles in | original receivers ASPARAGUS Truck receipts supplies light. demand = light Steady. New Jersey. pyramid > 0 | goren bunches, Extra Colossal | Colossal light: market s | size CANTALOUBES—Bevers “Callormia. Arizona “arrived: one car diverted broken and five unbroken cars on | Truck receipts moderate: | erate: demand moderate. California. salmor 2.75-3.00 one seven track. supplies mot market stead meais um 3. 75 jumbo flai and “‘South Carol saimon standards. all sizes. 160° poor condition. - | o HONEYDEW—No carlot arrivals: three broken cars on track. Supplies light: de- | | mand " Jight: market steady. California, | jumbo_crates. s and fs. 2.0 | HONEYBALLS—No carlot arrivals: broken car on track. Supplies light: dec mand 1ight; markel steady = California, | fumbos. itis and 455, 4.00-4 50 HONEYMOONS. Subplies light moderate: market stead Jumbe crates. Ns (o 178, 1.; CELERY—No_carlot arrivals: one oroken | car on ‘track. Supplies moderate. demand | markel slightly weaker, New York. individually ‘washed, New few 350 California. one New | broken and five un- | demand California, 2200 4-6 dozen. Jersey. 13 | o LETTUCE- | York arrived: eight broken cars on track Paris Bank Cuts Rediscount Rate As Crisis Passes By the Associatea Press. PARIS, July 6.—The Bank of France reduced its rediscount rate from 6 to 5 per cent today. ‘The reduction war porsible because the “floating franc,” cut loose frem its vestrictions by Camille Chautemps’ new government last week, steadied with foreign exchange. Interest on loans on securities was lowered from 7 to 6 per cent, and interest on 30-day loans was down from 6 to 5 per cent. The bank’s regents. took the action reducing the rates after the franc had showed steady at the market opening at 2595 to the dollar, strengthening later to 25.75. A decree of the ministry of finance, published under the full powers law recently granted the Chautemps gov- ernment to save French finances, ordered the reopening of commodity markets. The decree suspended the closing orders issued June 21 at the height of the fiscal crisis. INVESTING COMPANIES NEW YORK. July 8 (#.—New York Security Dealers’ Association. Admin Fd 2nd Inc Am Business Shrs m Gen Eq Inc 7 Am Ins Stocks Bancamer Blair Bankers Nat Inv Corp Basic Industry Broad Bt Inv Bullock Fund Corporate Trust Corporate Trust A A Corp Tr A A mod | Corp Tr” Accum Ser | Corp Tr Acc Mod Cumulative Tr 8h Depos Bk Sh N Y “A" Depos Ins Shrs A Depos Ins 8hrs “B Diversified Tr C Dividend Shrs Equity Corp %1 pf Fidelity Fund Inc _ First Boston Corp ___ Fiseal Fund Banks Fixed Trust 8h A = Eiscal Fung Insurance Fixed Trust Sh B Found Tr 8h A Fund Investors Inc Fund Tr Shrs A Fund Tr Shrs B _ Gen Investors Tr = Group Sec Agriculture _ Group Sec Automobile _ Group Sec Building 8ec Chemical Sec Food Sec Invest Shrs Sec Merchandise _ Group Sec Mining Group Bec Petroleum Group Group Group 8ec Tobacco Huron Holding Incorp Investors Inst Sec. Bank Group Instl ‘8ec, Insurance Investors' Fd ~C" Inc Keyston Cust Fund B-3 Major Shrs Corp Mnrvl-nd Fund ¥ Stocks. Bk Stoy Siocks Bide. upply 8locks. Elec Equip Y Stocks. Insurance Machinery Equip ctfs Plymouth Fand. Tne Quarterly Income Sh- Selecied Am Sh Inc Spencer Trask Fund Stand Am Tr 8hrs Stand Uil Inc Super of A Suber of Am Super of Am Super of Am Super of Am Super of A Sibervised Bhre Trustee Stand Inv C Irustee Stand Inv 5 Trusteed Am Bk Tristeed Thautiry® Shrs Wellingion Fund WATER BONDS CALLED. NEW YORK, July 6 () —Water | Service Companies, Inc., has callec for FINANCIAL OUTLOOK GLOUDED BYLABOR TROUBLE Threat of Further Serious Disturbances Calls for Cautious Policies. Special Dispatch to The Star. NEW YORK, July 6.—In its week- ly summary of the general business situation, the Standard Statistics Co. of New York currently comments as follows: “Business activity is being main- tained at reasonably satistactory levels, but the near-term outlook continues to call for caution. While the back of the steel strike appears to have been broken, threats of further serious disturbances this Summer, the un- settled political situation abroad and prospects that the administration will press its various reform measures at the present session of Congress are likely to continue to depress senti- ment. “Developments in the steel strike have been encouraging in that, for the first time. the coercive and unlawful tactics of the C. I. O. have been suc- cessfully combated, at least tem- porarily, by industrial managements. An aroused public opinion was ob- viously responsible for the setback, and it is possible that the strikes in the steel plants marked the turning point in the entire movement. However, further disturbances threaten in nu- 1 merous lines and the administration is still definitely pro-C. I. O., despite the growing resentment of the public. | “It is impossible, of course, to fore- cast labor’s next move. It is con- ceivable that the C. I. O. will continue to press its fight against the steel com- panies, insist upon unreasonable con- cessions from General Motors and follow later in the Summer with a drive against Ford. “On the other hand, the mush- room growth of the C. I. O. has pre- sented many problems to its leaders. Its members have been getting out of hand and expenses of conducting strikes have been heavy. It may be, therefore, that the labor leaders will consider 1t advisable to go slow over | the next few months in an alumpt to consolidate their position and to strengthen the internal structure of the organization before renewing the drive. Possibly the results of the meeting next November of the Amer- ican Federation of Labor, which is preparing for an active campaign against the C. I. O., will mark the real crisis. “In either event, it is difficult to view the labor outlook with equanim- ity. Eventually, legislation designed to place greater responsibilities on the unions will probably be enacted, but the possibilities of such a develop- ment at the present session of Con- gress are not favorable.” an Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGE L. BORGER 643 Indi Ave. N.W. ———— Money for Construction Loans | Holders Approve Stock Increase of Reynolds Metals By the Associated Press. NEW YORK, July 6.—An increase in the authorized common stock of Reynolds Metals Co. from 1,150.000 shares to 1,500,000 shares was ap- proved by stockholders today at a special meeting. Common stockholders will be cf fered 64,019 shares at $17 a share in ratio of 1 new for each 15 held, Stockholders also approved an ex. ecutives subscription plan calling for issuance from time to time of 35,980 common shares at $25 a share. It was stated rights to subscribe to the new shares probably will be issued July 26, to expire sAugust 12, Most of the new funds will be used for working capital A. P. Cochrane, vice president, said sales were running over 50 per cent ahead of last year. ——— RUBBER FUTURES. NEW YORK. July 6 (#: Srude Tubber futures opened ‘barely steady. 10 lower.” September. 19 0410 Decemb:r. 19.60; March. 19 WILL SELL AT REASONABLE DISCOUNT Well secured temporary 2nd trust notes on new D. C. and Montgomery County Homes. payable ‘from 3 to months after date with interest at 6 Also several de- ferred purchase money monthly payment 2nd trust notes running from two to seven vears ."‘_@',e.sf' Box 138-E, §er Offi_ce._ Safe Investments First mortgage notes, 6% T 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 48 Years 10 pecialists’ ¥ for Business Records and Equipment LEDGER ‘ DESK SAFES | he WalcottTaylor Co.lnc MILLS BLDG. MEtro.5846 $9.50 per $1,000.00* Per Month Pays All Expenses except heat and maintenance. You own your home outright in 20 years. *Approximate. SHANNON & LUCHS Mortgage Loan Correspondents INVESTORS SYNDICATE Nat’l 0350 redemption at 102 on September . 1ll of its collateral trust 5 per cent bouus, series of 1942. and has made arrange- | ments whereby holders may obtain | payment immediately upon surrender | of the bonds at the principal office of the Bankers' Trust Co., New York. Supplies moderate; light mnk» k California, “Western 3 ! 5-dozen. Eastern crates. Bic Boston type. 2-dozen. 80-15. TONS—No cariot arrivals; no cars Supplies light: demand light: ma ket steady. New Jersey and Eastern 8ho: Md, 501> sacks, yellows. U No. 16-115 arrived; track. two | re- | demand | Caro- | Early Rose. U 8. | | iinch minimum, ‘mostly ‘around | Carmans. U 8. No. 214 inches, | 25" Diishel baskers Hiles 0. B No 3 inches.”2.50:3.00 Hiley. U o 5. Golden Jumlee Bushel baskets nches 2.50-3 ¢ | PEASOne "Colorado, one Idaho. one California arrived: five ‘broken and three unbroken cars on track. Supplies mod- | erate: demand ight: market steady. Cali- fornia. bushel hampers. Telephones. 2.90. | Potato Prices Improved. | : no cars t to three Supplies very market slightly | North Carolina. Cobblers. U. No, 1gstave oarrels. 2.00: 100- T sacks. | 1.10-1.15 1 TOMATCB—E!(M Tennessee one Geor- gia Arrived: twn broken and eight unbroken cars on track. Truck receipts moderate: supplies moderate: demand light: market steady. Lug boxes. green. ripes and turn- ine. wrapped. 8x and larger. South Caro- lina. 1.95-1.50; Tennessee. 1.75-2.0 North Carolina,’ ;- bushel backets 1.25: bushel baskel 2.50: sections. bushels. WA’ N: “Florida. three Georgia arrived: three broken and four unbroken cars on track. Truck receipts moderate: ~supplies moderate: light: market steady. Pl Tom ' Watsons, 115 30-142-pounds Tage, pounds ‘average 40-50 each LIMA BEANS—Supplies very light: de- mand moderate: market steady. _South Carolina bushel’ hampers. 2.50 PEACHES——One Arkansas broken _cars on track ceints light: supplies iight: market steady. lina. 1z-bushel baskets No. 1. B0 1.0¢ ki Boat receipts equival cars “Eastern Shore. Va light: demand moderate: stronger. 1.00- nearby demand . Low. Close. 100% 1007 104% 104% 109% 108% 1184 Tide Wat Oil 3142’52 Tol & Ohio C3%s'60 Un Ofl of Cal 31’52 3% Union Pac 1st 4s°47 Un Pac 1st rf 45 2008 Un Pac 1st rf 55 2008 United Biscuit 58 '50. United Drug 6s°53 Utd N J RR 4 - 113 107 1151 1065 44 Utah P& L 63 '44 Ut P& L 63’59 ww_, UHIP&LE%s ¢7.__ Vanadium cv 5s°41.. Ver Sug 1st 7542 ctfs VaB&P1strf 4s'56 VaRy1st3%s 68 A_ VaS Wconbs'58._.. a Wabash 5148 75._. Walker H&S 4148 °45. Walworth 4s ‘65 = Warner Bros cv s ‘39 Warner-Quin 6s°39_. ‘Warren Brev 6841 . W Pa Pw 1st 65 '63 E_ W Sh 1st 43 2061 gtd. West'n Md 1st 48'52_ Westn Md 514877 Westn NY&P en 48'43 6113 61 1% 119 119 91 90% 91 102% 102 102% 107% 107% 107% 109 109 109 31 301 31 92% 92 924 101 100% 100% 6134 Y8 Westn Un el tr 5- !l_ Westn Un bs '51.. West'n Un 5s'60 _ Whee) Steel 418 '53_ W Sp Stl 1st 7s W Sp Stl con 7835 ot Wilkes BEE 1st 5842 First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Colambia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 PUT YOUR MORTGAGE ona long-term ba AT 5% .Avom the expense and uncertainty of periodic re- newals and refinancing. Our Mortgage Loan Plans allow up to 20 years to repay. interest rate— only 5%. Repayments to fit your budget—monthly, like rent, if you prefer. If you are planning to finance a new mortgage, or refin.nu WEAVER BROS ¢ REALTORS Mortgage Lian Corvespmdomt Metropeittan Life Inmrence Company WASHINGTON BUILDING DISTRICT 9436 % Wilson & Co 4s'55___ 101% 101% 101% Y'ngstn S&T 3%s°51. 140 139 140 Y'ngstn S&T ¢s°61... 101% 101 1014 including the gold situatio ers are receiving copies in until the limited supply be sent upon request to of FENNER Southern Bldg., 15th & H Homes Apartments Al RANDALL H. HAG INcoR MORTGAGE LoaN 1321 Connecticut Ave. N.W. COMMI INTEREST 1505 H St. N.W. Natl. 2345 LETTER FROM LONDON | Five impormant factors favorable to continued world recovery are cited in a report recently prepared by the London office of Fenner & Beane, and reccived on the Queen Mary. This London letter deals with current financial and economic developments in England, n. Fenner & Beane custom- their June statements, and is exhausted, a copy will ther accredited individuals. & BEANE Members New York Steck Exchange and sther leading Exchanges Sts. N.-W., NAtional 7000 First Mortcace Loans District of Columbia, Nearby Maryland and Virginia 5% Terms from 3 to 15 years Business Properties SO Monthly Payment Loans NER & COMPANY ORATED CORRE SPONDENT Telephone: DEcatur 3600 ééa'ci Ze‘cm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR SSION 1% 5% Upon completion of buildings, these loans may be extended on one of several long term monthl y payment plans; or for three or five years, without curtails; interest semi-annually. H. L. RusT 1001 FIFTEENTH STREET CoMPANY NATIONAL 8100