Evening Star Newspaper, July 6, 1937, Page 18

Hok ok FINANCIAL, THE EVENING STAR, WASHINETON, D. C, TUESDAY, JULY 6, 1937 FINANCIAL CAPTALOEPOSTS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[SIONSNIVELP Stock and Btock and Dividend Rate. Close. m-. All New York markets are ne w ll:lllll nvlnl lho. High. Low. Dividend Rate. Adfl 0& mn. Low. Close. chge. | High. Low. Sag $32,262,831 Under March Level, but Hold Well Above Year Ago. BY EDWARD C. STONE. Bank clearings in Washington on June 30, 1937, in the 22 banks totaled $308,972,682.03, it was learned in the financial district today following the call issued by the controller of the eurrency, J. F. T. O'Connor, asking for the condition of all banks in the Capital and all national banks in the United States. Aggregate deposits in Washington showed a drop of $32,262,831.23 since the call three months ago, on March 31, 1937. Deposits on that date totaled $341,235,513.26. Bankers assigned the falling off in deposits here to two chief reasons, withdrawals from the larger banks by “country banks” to meet the Reserve Board's requirements for larger re- serves at the Federal Reserve Bank of Richmond, and to heavy temporary withdrawals in connection with the personal tax in the District. While deposits here were off for the three months, they revealed a gain of $2,558,937.12 over the call a year ago, on June 30, 1936. Deposits Here on June 30, 1937, Deposits in the 22 Capital banks on June 30, 1937, were as follow i American Sec. & Trust-$48.954.003.30 | Anacostia Bank ... 1,787,182.66 | Bank of Com. & Sav 3.350,104.15 | 7,750,520.43 | 4.813,235.54 | 1,086,162.49 22,385.408.28 | 37.449.30 6.903.265.91 9,938,186.58 5,084,689.21 | 1,631,264.04 5,276,488.16 | 9,338,611.67 | Columbia National East Wash. Savings Hamilton National Industrial Bank - Liberty National Lincoln National McLachlen Bank Morris Plan.__ Munsey Trust-- National Bank of Wash_ ,992,301.20 | 23.930,044.45 | 15,520,306.91 | 86,435.478.06 | 8.008,836.57 | 7,018.202.79 Natfonal Capital National Metropolitan National Sav. & Trust Riggs National. . Second National Security Savings & Com. Union Trust 10,727,701.69 Wash. Loan & Trust--. 25,502,238.64 | Other Calls Also Issued. Coincidental with the national bank eall, the Federal Deposit Insurance Corp. and the Federal Reserve Board issued calls. In all, about 14,000 banks will make condition reports as of June 30. Included in this figure are about | 5,000 national banks which are among the 6,300 member banks of the Fed- eral Reserve system. ‘The last national bank call was for condition statements as of March 31. For insured and Federal Reserve in- stitutions, the last call was for con- dition statements on December 31. D. C. Auto Sales Off. Sales of new passenger automobiles in the fifth district in May and the first five months of this year scored advances over the like periods in 1936, although. in Washington alone they were not up to last year's marks, the Federal Reserve Bank of Richmond states in its latest review. The num- ber of new cars registered in the whole area in May was 25,795 or 3.2 per cent better than a year ago and in the five | months 109,530 or 15.9 per cent ahead of the like 1936 period. \ Registration of new cars in Wash- ington totaled 3,179 in May, a drop of 13.3 per cent from May 1936 and 14,- 868 in the five months, a decrease of 9.8 per cent compared to the same months last year. Maryland reported 5,179 new registrations in May, a gain of 4.5 per cent and 20,809 for the five months, an increase of 17.6 per cent. Virginia had 5,459 registrations in May, up 1.5 per cent and 23,101 in the | five months, a notable gain of 13.2| per cent. Turning to construction, the Rich- | mond Bank states that building in the | fifth district continues to expand, | especially in residential work near the cities. Permits in 31 cities in May | ware estimated to cost $10,178,457, the | highest monthly figure reported since | April, 1930 and 57.5 per cent higher than in May, 1936. Contracts actually awarded totaled $24,030,000, only 2.6 per cent ahead of 1936 when the figures included several large Govern- ment projects. Building Contracts Mount. ‘The Richmond Bank says that con- struction contracts awarded in Wash- ington in April totaled $4,854,700, a gain of 97.3 per cent over April, 1936. Maryland reported contracts totaling $5,269,100, up 33.6 per cent, while Virginia contracts amounted to $10,- 275,700, an increase of 96.3 per cent. Included in these sensational gains was an advance of 60 per cent in West Virginia, 40 per cent in North Caro- lina and 99.2 per cent in South Caro- lina. Reviewing banking conditions up to Sune 15 summing up reports from 41 member banks, the Richmond analysis states that during the month invest- ment rose $19,111,000, while demand deposits declined $9,121,000 and bor- rowing from other banks dropped $4, 600,000 in the regularly reporting banks, other changes in the statement being relatively immaterial. In com- parison with figures on June 17 last year, figures on June 16 this year showed increases of $59,205,000 in loans, $32,408,000 in reserve balance af the Reserve bank, and $56,931,000 in demand deposits, while investments in securities decreased $12,652,000 dur- ing the year. Today’s Trading on Exchange. ‘Washington Railway & Electric pre- ferred sold at 110%; on the Washing- ton Stock Exchange today, maintain- ing recent levels. Capital Transit registered a 17-share sale at 107, un. changed, and 50 shares of Real nu;ce Mortgage & Guaranty preferred came out at 4l;. Other bid and asked prices were firm. The Federal Redeposit Insurance Corp. said today in the annual report that 24 banks had been cited “for un- safe and unsound practices” during 1936. Of these, three banks corrected their practices, four closed and one was absorbed by another bank. The remaining cases were pending at the end of the year. Ohairman Leo T. Crowley said cita- Sions, including those issued in 1936, ‘were pending against about 30 banks, and that a close check was being made on about 200 others. CARRIER IS AUTHORIZED TO ISSUE NEW STOCK By the Associated Press. The Interstate Commerce Commis- sion authorized the Butte, Anaconda and Pacific Railway Co. to issue up to $2,500,000 of capital stock. The stock will be sold at 133.87 per eent of par and the proceeds applied to reduction on August 1 of $1,491,- Prev 1937 Stock and Hih Low Dividend Bats 44% Abbott Lab (11.60)_ 58 Abr & Strauss (b1). 63% Acme Stee) (4) ___ 15 Adams Exp (b30c)._ 28 Addressog'ph bé0c.. 64! Afr Reduction (t1). 2% Air-Way Electric... 11 Alaska Jun (160c).. 2% Alleghany Corp... 3413 Alleg pf ww $30._.. 35 Alleghany pf XW._... 30‘/5 Alleg Steel (b80¢)... Allen Indus t1) ... Allied Chem (8) __... Allied Mills (b2)_. Allied Stores (b20c) Allied Strs pt (5) Allis-Chalm (bl) Alpha Port Cmt (1). 4% Amal Leather______ 80 Amerada Corp (2)._ 83 Am Ag Ch Del b215. 20% Am Bank Note (11). 59 Am Bk Note pf (3 57% Am Brake Sh b1}, 90% Am Can (t4) __ 174 152‘: Am Can pf (7) 1 Am Car & Fy (b25e) 10415 ’m Am Car & Fy pf(b4) 32% 28 Am Chain & C b50c.. 148 115 AmChain&Cpf6_. 106 98 Am Chicle (t4) - 23% 13% Am Colortype 303, 20% Am Comcl Al IKOB.. 33% 25 AmCrysSugb2¥%.. 13% 5% Am Encaustic __ 13% 64 Am & Foreign Pwr.. 687 45 Am & For Pw 87 pf_ 38!, 18 Am & For Pw 2d pf_ 21 14% Am Hawafian (1) ._. 11% 5% Am Hide & Leather. 55% 36% Am Hide & L pf (3). 17% 12% Am Internt] (a40c). 5872 37 Am Locomotive __. 29% 18% Am Mach & F (1) _. 7% Am Mach & Met 60c. 43% Am Metals (b25c) . 2112 Am Metals pf (6) _. 6013 Am News (N ¥) (3) 7 Am Power & Light. 40'4 Am Pw & Lt pf (5).. 49} Am Pw & Lt pf (6)_ 18% Am Radiator t60c__ 31% Am Roll Mill (2) __ % Am Safty Raz (12)_ « Am Seating (b25c) 41 Amshipbldg (72 79% Am Sm & Ref (3) __ 483 Am Steel Fdy (bl)_. % Am Stores (b114) _. 7 Am Sugar Ref (2) lfi7 159% Am Tel & Teleg (9). 99 73% Am Tobacco (5) 997% 74'x Am Tobacco (B) 5_. 15012 128'¢ Am Tobacco pf (6)_ 201« 11°% Am Type Founders. 2912 154 Am Water Wks 80c. 14% 73 Am Woolen 79 5413 Am Woolen pf (b2). 20 63 Am Zinc & Lead . 6912 47% Anaconda Cop b75c. 24% 18 Anchor Cap (60c) _ 46 393 Archer-Dan-M(t2). 111 106 Armour(Del)pf(7)_ 133 7 Armour of I11(b35c) 993 81% Armour(Il1)pr pf 6. 70!z 5713 Armstrong Cork(2). 16'4 11 Arnold Const b75c_. 173 8% Artloom Corp - 15% Assoc Dry Goods __ 89'; Asso D G 18t pf(6) - 92 Assoc Inv pf ww(5) 6912 Atch T & S Fe (b2)_ 4414 Atl Coast Lineca1)_ At1G & W 1 pf(a3d). 27% AU Refining (11) 107 Atl Refin pf (4) ____. 15 Atlas Corp (80c) ... 0'z Atlas Corp pf (3) Atlas Powder b1%_. 113 Atlas Tack (1). 13'5 Auburn Auto . 5% Aviation Corp 4% Baldwin Loco (d) ... 70 Baldwin Loco pf(d) 4% Baldwin asd (d) 733 Baldwin pf asd(d) 20% Baltimore & Ohio . 27% Baltimore & Oh pf .. 2100% Bangor & A pf (5)__ 27% Barber Co (b25¢)__.. 22 Barker Bros _. 2313 Barnsdall (1) ._ 137 Bayuk Cigar '75!:._ 21'3 Beatrice Cream t1__ 40's Beech Creek RR(2)_ 11% Belding Hemin (1) _ 1813 Bendix Aviat'n b50c. 20% Benef IndL b1.321; _ 73 Bethlehem Steel (bl Beth5% pf (1) _... Bethlehem of (1) Black & Decker {1). Blaw-Knox (b45c) Bloomingdale b85c_ 27% Boeing Alrplane 37 Bohn Alum & B(3)._. 41% Bon Ami (B) (234)_. 21!; Borden Co (1.60) 3874 Borg-Warner (2 81, Boston & Maine 1% Botany Mines A(d) 15 Bridgep't Brass(1)_ 391 Briggs Mfg (b115)_ 413, Briggs & Strat (3)_. 39% Bristol-Myrs +2.40 18! Bklyn-Man T (b214, 65% Bklyn-Man T pf(6). 23 Bklyn & Queens 15'3 Bklyn & Queen T pf 26% Bklyn Un Gas(1.60) 143, Bucyrus-Erte _ 1151 1815 52 30% Bullard Co (bSDc) . 501 Bulova Watch (t4). 22!3 Burr Add M (80c) . 4% Bush Terminal ___. 15 Bush Terminal deb. 24% Bush T Bldg pf cod- 127 Butler Bros (60c). 28Y% Butler pf (1%) - 4'2 Butte Cop & 7(a5¢).- 1714 Byers (A M) _ 251, Byron Jackson (t1). 35% Calif Packing (1%) 2% Callahan Zinc-Lead 12 Calumet&Hec b75c.. 24 Campbell Wy (t1)_. 235 Canada Dry G Ale__. 124 Canadian Pacific. .. 1813 13% Cap Adm A (b50c)_. 9% 6% Carriers & G (b10c). 176% 138 Case(J I)Co (4) __. 129% 112 Case(J I)Co pf(7) .. 100 85 Caterpillar Tr (12). 41% 26% Celanese Corp b1%. 48'% 3613 Celotex Corp b40c_.. 8213 73% Celotex Corp pf(5).. 39% 30 Cent Aguire (113%). 12% 6% Central Foundry _. 107% 96 Cent 11 Lt pf(43%)._. 41*% 18 Central RRof NJ.. 24% 11 Cent Violeta Sug... 863 60 Cerro de Pasco (4).. 23% 111 Certain-teed Prd___ 4814 Certain-teed pf _ 35% Champion P&F bllg 14'3 Checker Cab Mfg _ 67 Chesapeake Crp(3). 5014 Ches & Ohio $2.80 _. 6% Chi & Est ] pf (d). 2 ChiGrt West (d)__. 8% Chi Grt West pf (d) 24% Chi Mail Ord t1% ._ 3% Chi M St P&P pf(d). 3 Chi&NW (d).__.. 9% Chi & N W pf (). 21 Chi Pneumatic Tool 35 ChiPneuTpf (3)_. 2 ChiR1&Pac(d)._. 3% Chi RI&P 6% pf(d). 4% Chi RI&P 1% pf(d) 15% Chickasha Cott'n Ofl 9% Childs Co ——aa 4615 Chile Cop (b75c) _ 94 Chrysler Corp DI%. 17% City Ice & Fuel (2)_ 80 City Ice& Fpf63. 6% City Stores __ - 324 Clark Equip(11.60). 113 102% Clev El [1lu pf 4% __ 44% 35 Clev Graph (bl)_ 28% 23% Cluett Peab’y b25c_. K] ¥ Cluett P rts July15_ 59 564 Coca-Cola A (3) 25% 17% Colgate-P-P(t50c] 62% 474 Collins & Alkn (12). 112% 108 Collins & Afk pf(5)- 51% 31 Col Fuel & Iron(bl) 20% 10 Columb G & El(40¢) 108 80 ColG&EDpfA (8).. 101 75% Col G & E pt (5). 39% 28! Columb Pio vte 46% 38% Columb Pic pf(2%). 1259. 111 Col Carb vte (t4) .. 56% Comcl Credit (14).. 62% Comcl Inv T (t4). 13 Comecl Solv (t60c)._. 2 Comw & Southern_. 46 Comw & Sou pf(3).. 34 Congoleum-Nrn(2). 19% Consol Ajreraft____ 83% Con C pr pf ww 83 _ 81% Cons Edis N Y(13)_ 99% Cons Ed N Y pt(b).. 45% 184 36% 91y 334, 34% 48Y% 61 20% 3% 38% 1714 82 63% 48 905 6874 13% 4 Bales— Add 00. High. Low Close. chu 46 4% 45% + % 2 108 35% 17% - 5 daRraBonnnSec % BT% BT% 5T 11 19% 20 + 34 50% 108% 108 108% 4 36% 20 52 57 12 177 230 229% 6 21% 17% 102 +4% 3 154% 135%+10% 5 101% = % 10% 15 13% 52% 373 37% 5% 1093, 69% 257 42% 3% AT% 35% 4% Cons R R Cuba pf... % Cons Textile (d).... 814 Cons Coal(Del)vto. 33 Cons Coal Del vtc pt 203 Container Corp 1.20. 18% Contl Baking (A)... 21 Contl Baking (B) _. 81 Contl Baking pf(8). 50 ContlCan(3) _.__ 181 Contl Diamond lZ)- 35% Contl Lnsur (1! ). 2 Contl Motors. 39% Contl Of] Del (11)... 25 Contl Steel (1) 77 621 Corn Ex Bank (3) . 71% b54% Corn Prod Ref(13)_ 171’/: 163 Corn Prod R pf (7)- 10% 6 Coty Inc..._. 56% 40 CraneCo 121 113% Crane Co pf (1) ... 1057 100% Crane Co cv pf (. 287 Cream of Wheat (2). 28'. 18!4 Crosley Radioal . 100% 68 Crown Cork & S(2)- 25% 16% Crown Zellerb 108% 97% Crown Zell cu D!(S). 81% 51 Crucible Steel 14% 1% Cuba Co. 74 Cuban-Am Sugar., 127 110 Cub-Am S pf b71; -577,1 Cudahy Pkg (214).. 20% }a Curtis Publishing_. 109 71 Curtis Pub pf (7). 8% 5 Curtiss-Wright_ 23% 16% Curtiss-W (A)a 62 48 Cushman Sons pt. 90% 7315 Cutler-Ham (b1) . 109 99% Dayton P&L pf ‘K. 4 104% Deere & Co.. 25% Deere & Co pf 1. 40 17% Detsel-Wem-G(t1)._ 33 Delaware & Hudson 13% Del Lack & West __ 4 Den&RG W pf(d). 14% Diamond T Mot (1). 20% Distil Corp Seag 80 Distil C Sea pf ww § 3814 Dome Mines (t2)_. 9% Dominion Stores.__.. 47'x Douglas Afrcraft_.. 45! Dresser (A) (a3)._. 24'; Dresser B (a1) 180!4 148'5 Du Pont de N(b2 3% ) l’h': 130% DuPont deN deh(G] 4 110% Duquesne 18t (5) ._.. 9% Eastern Roll Mills__ 151 Eastman Kodak (8) 's 29'; Eaton Mfg (2) _ 10% Eitington-Schild_ 343 Elec Auto-L b1.40. 9% Elec Boa* (a60c) - 4'3 Elec&Mus 1 (al18¢) - 14'x Elec Pow & Light 5813 Elec Pw & Lt $6 pf_. Elec Pw & Lt $7 pf_. Elec Storage Bat (2) Elk Horn Cl pf (d)_. 21% El Paso Nat G 1.60.. & Eng Public Serv _ 4% Equitable Office B. 13'2 Erie RR . 19'; Erie R R 1st Df 14! Erie R R 2d pf. Tl Eureka Vacuum lX Evans Prod (11) 57 -2% 8% +6 1% + 30 714 + 2% -+ 1”% - '!9 +2 6315 +2 —2% 52 42% 80 +3 30% +1% 15 + % 22% + 26% + 13 20% Fuirbanks Co pf 4915 Fairb'ks-Morse (1) Fajardo Sugar (b2). Federal Lt & Trac.. 6's Federal Motor (40¢). 5'2 Fed Screw Works. 3 Fed Water Sve A _ 311 Fed'd Dept Str(2) __ 93 Fed'ted Dep S pf 414 36 Fidel Phoenix 11.60. 31 Firestone T&R (2) - 3915 First Natl Strs t2%; 2614 Flintkote Co (1)___. 46 Florence S (b1)__ _ 4% Follansbee Bros(d) 47'3 Food Machine (1) 108 Food Mach pf(43%) 3715 Foster-Wheeler__ __ 100 Foster-Wheeler pf._ 7% Francisco Sugar __ 55 Franklin S pf(a5¥%) % Freeport Sulph (1)- Fuller Co pr pf_____ Fuller Co 2d pf_o___ 4'3 Gabriel Co (A)____ 11% Gair (Robert) ____. 37% Gair (Robt) pf (3)_ 2 Gamewell Co Gar Wood Ind b25c. 2 Gen Am Inv(a75c) 6212 Gen Am Trans b11; 10% Gen Baking (160¢c)-. 128 5413 135 18% 5 112!; Gen Cable pf (. 3413 Gen Cigar (14) 132 Gen Cigar pf (7). 49% Gen Electric (b80c). 36 Gen Foods (2) 113 Gen Gas & Elec(. 6572 60 Gen Mills (3)_ 124 117 Gen Mills pf (6)___. 70‘} 4813 Gen Motors (b1%;)_. 113 Gen Motors pf(5) 15' 875 Gen Outdoor Adv 6013 42'; Gen Outdoor Adv A. 19 15'« Gen Print Ink b30c_ 5% 3l Gen Pub Service ._ So‘u. 41! Gen Rv Signal (1) | 1Tt 712104 Gen Ry Signal pf(6) Gen Realtv & Util _ Gen Realty & U pf_. Gen Refract (b2) ___ Gen Steel Cast pf___ 20' Gen Thea Ep(b30c). 141 Gillette S Raz (11). 20'4 Gimbel Bros 40% Glidden Co (t2) .__.. 51! Glidden cv pf(2%)_. 4 Gobel (Adolf) ___. 5% Goebel Brew (120c). 31 Goodrich(BF) b50c.. 77% Goodrich pt (5) ____ 27% Goodyear T & R bl . 100 Goody'r T&R pf(5). 7% Gotham S11k Ho: 82 Gotham S Hpf (7). 3 Graham Paige Mot_ 615 Granby Cons - 32 Granite City Stl(1)_ 3413 Grant (WT) (11.40) 40% Grt Northern pf. ___ 17% Grt Northn Ore (1) 34 Grt West Sug 12.40_ 135 Grt Wst Sug pf(7) .. 27% Green (H L) (1.60) 123 Greyhound (t80c) .. 10% Grayhound pf (65¢). 44 Gulf Mobile & N vf_. 27 Hackensack W b75¢ 26% Hack W pt A (1%). 13% Hall W F Print ___. 25% Hamilton W (bSSC) 40 Harb-Walker (12) lfl% Hat Corp of Am 80c. Hayes Body 109‘. 100 Hazel Atlas GI (15) 15% 11% Heckers Prod(160c) 39% 24 Hercules Motor(t1) 185 1447% Hercules Pwdr (6) . 135% 125 Hercules Pdr pf(6). 52% 35 Holland Furn (b1) .. 120% 101% Hoiland Fur pf(5) .. 0% 21 Hollander & Son(1). 29% Holly Sugar (b23). 47% Homestake b37%c . 35 Houd-Hersh A(2%) 18 Houd-Her B (11%). 88% Househ'ld Fin pf(5) 12% Houston Oil vtc 62% Howe Sound (13)__. 6% Hudson & Man pf... 13% Hudson MOtor.ceee 3 Hupp Motor. . —ceeee 21 I[llinois Central ... 44 Illinois Cent pf A__. 60% Il} Cent Is In (4) .. 12 Indian Refin (a1)... 33 Indus Rayon (2).... 94 Inland Steel (t4) ... 17% Inspiration Cop _. 4% Insur Sh M4 (b10c). 5% Inter Rap Tr vte(d) 4% Intercontl Rubber. 16% Interlake Iron. . 5 Intl Agricultural. .. 42 Intl Agri pr pf(b3)- 112% 99% Intl Harvester(2%) 162 144% Intl Harv pf (7). 16’ %+ % Rt 10 Intl Mining (b30c)_ 56% Intl Nickel (b1) ... 16% Intl Paper (A) ceeee 10% Intl Paper (B) aeeee 5% Intl Paper (C)caeee 90% Intl Paper pf 5% Intl Ry Cent A 43'% Intl RyC Am pf A 41% [ntl Shoe (12) - 313 Intl Silver 93 Intl Tel & Tel 20% [nterstat Dp St b2 107!/: 100 Inter Dept St pf(7). 22% 17 Intrtype Corp b30o.-. 15% 30 156 126 136 26% Island Creek (2). 120 Johns-Manv (13) _. 120 Johns-Mansv pf(7). 117% Jon&L 7% pf b3l . 5% 5l + W L 10% + % 41% +2% 30% + %% 231 +2% 8 +% 88 44 57 +1 19 + % 38 1 2% + 4% 48% + T4 28 +1% 64% + & 63 + 1 !4 1131 11% 175 s& 4E bt b 183 4074 4 122% 120 122' 6 308 36 11 2 47T 47 +3% 83 110% 107 110% +3% 3 147 147 147 +1w 2 10% 11% + % 8% 13 59% 18% 13 10 +1% 18 + % 61 +2% 103% 18% 281% 125% 123% 120 103% +1% 18% +1% 28% + % 27% 122 120 124 16% 34 93 20 KayserJ &Co (2).. 9% Kelsey-H B (al1%4) .. 51 Kennecott Cop b1%. 14% Keyst'e S&W bdsc 5 Kinney (G R) Co.. 47% Kinney pf (a1) - 34% Kinney (GR)pr pt 5. 20% Kresge (8 8) b6uc__ 18 Kroger Groo (11.60) 15% Lacleds Gas (St L). 18% Lambert Co (2) 17 Lee Rubber (b1) 32 Leh PortCmt 1% 1% Lehigh Valley Coal." 8% Lehigh Val Coal pf. 13'4 Lehigh Valley RR . 36 Lehman Corp’n(t1) 14% Lehn & Fink b62%0. 40 Lerner Stores(12)_. 6815 Libbey-Ow-F b75¢c 9% Libby McN & L(a1). 94% Ligg & Myers B v4 _. 51 Ligg & Myers pf(7). 18% Lily Tulip (t1%)__. 59 Lima Locomotive 51% Link Belt (t2) 43% Liquid Carb (2. 60).. 6413 Loew's Inc (12) . 1 Loft Inc - 50% Lone Star Cem (3)-. 5% Long-Bell Lumb(A) 20 Lorillard P (+1.20)_ 28% Lorillard P pf (7). 82% Louis & Nash b2% _. 29% Ludlum Steel (t1)_. 24% McCall Corp (t2)... 14% McCrory Stores __. 82 McCrory Strs pf(6). 16'% McGraw H P b42%¢ 32% Mclintyre Porcu(2) - 31% McKeesp't Tin P(2) l 23 McKesson & Rob "‘m McLellan Strs b75c.. McLellan St pf (6)—. 4 Mack Trucks (t1)__ Macy (R H) (12) Mad Sq Gard bl.15 Magma Copper (2) .. Manati Sug of (d) Man El md gtd (d).. Manhat El gtd (d) Maracaibo Oil Exp Marine Mid (t40¢c) Market St Ry 2d pf. Market St Ry pr of— Marlin Rock (12)_. Marshall Field Martin (Glenn Martin-Parry. Masonite (t1)_____. May Dept St (13)_ Maytag Co (a50c).. 5 Mead Corp (b30c) 2 Mead Corp pf (6).. MengelCo .. __ Mengel 1st pf (274). Mesta Mach (b23%). Miami Copper ___ Mid-Cont Pet (b50c) Midld Stl Prod(t2)._ Midld Stl 1st pf(8)_ Minn-Hon Ros (2) . Minn-Hn R pt B(4). Minn Moline Pow._. M St P&S S Marle MStP&SSMisin. Mission Corp (b1)_. Mo Kans & Texas__ Mo Kans & Texpf A Mo Pacific (d) .. Mo Pacific pt (d) Monsanto Ch (b1) Montg Ward (12) _ Morrell J (2.40) _ Mother Lodeal2%c Motor Prod (b1%) Motor Wheel(1.60)_ Mueller Brass (11)_ Mullins B (a50c) Mullina pf (7 Murpty (G E) 3.20 Murray Corp(astc). Nash Kelv (1) ____ Natl Acme (b25¢) Natl Aviation (a1)_ Natl Biscuit (1.60) Natl Bond & In 1.44. Natl Cash Reg (1) __ Natl Dairy Prd 1.2¢ Natl Dairy pf A (7) Natl Dept Stores . 4 Natl Dept Strs pf _ Natl Distillers(t2). Natl Gypsum___ Natl Lead (150¢) Natl Mall & S (b1) . Natl Pw & Lt (60c). 108 96 Natl Supply (new) Natl Supply pf b1% Natomas (80c) Neiser Bros (2) New Orl T&M (4) Newp't Indus b1 _. N Y Air Brake (al)_ N ¥ Central Chi&StL__ ¥ Chi&StL pf A ¥ City Omnibu " Dock (new) " Dock pf (new). Investors (d) _ ¥ Lack & Wn (3)- NH& H () NH & H pf (d) leam 6% pf_ NYStemi% pfA. ‘ Norf & W pt (4) . North Am Aviation North Am Co (b60¢) North Am Co pf (3) North Am Ed pt (6) Northern Pacific ... 3! Norwalk Tire & Ro— 17!4 Ohio Ol (b50e) ____. 5313 Oliver Farm Equip_ 2% Oliv F Eq rts Ju 12 13 Omnibus Corp vte__ 95 ©mnibus pf (8)____. 333 Otis Elevator b4 1415 Otis Steel __ 75 Otis Stlev pf (5%)- 22 Outboard Mot b7ac_ 8214 Owens-111 Glass (3) 17 Pacific Am Fis® 1.20 634 Pacitic Coast__ 233 Pacific Coast 1st pf_ 13 Pacific Coast 2d__ 2814 Pac Gas & Elec (2)- 40% Pac Lighting (3) .. 25 Pacific Mills (b1)_._. ] 1345 Pac Tel & Tel (8 118% 52% 112% 128% 2 24% 107 112% 23% 12% 80 20% Pac West Ofl(a65¢). 7% Packard Mot (blsc). 107% Pan Am Pet (a60c)-. 2 PanhandleP&R.___ 60 Panhandle P&R of_. 617 Paraffine Cos (b2) 16% Paramount Plc 15% Paramnt 24 pf 60c. 263 Park & Tilford (2) 4 Park Utah 36'2 Parke Davis(b1.40). 23 Parker Rust (11%).- 2% Parmelee Trans._. 6% Pathe Film Corp _ 1413 Patino Mines a60c 3% Peerless Corp 3813 Penick & Ford (b1). 85 PenneyJ C) (4) ... 31 Penn Coal & Cok 5% Penn Dixie Cement. 45 Penn Dixie pf (A)-. 34Y% Penna R R (b50c)-. 43'4 Peoples Gas Ch! 30% Pere Marquette. 75 Pere Marq pf. 16% Petrol Corp(A) b40c 7% Pfeiffer Brew b60c... 40 Phelps Dodge b80c... 38% Phila Co 6% pf (3). 8 Phila Rap Tr pf(d). 1 Phila& Read C& 1. 70 Philip Morris(b3¥) 49% Phillips Petrol(12). 14% Pierce Oll pt _ 28% Pilisbury Flour 1.60 10% Pittsburgh Coal ._. 12 Pitts Screw (b45¢) - 24% Pltts Steel 84 PittaSteelpf. ... 2V Pitts Term Coal.... 3% Pitts United . 29 Pitts& W Va. 24% Plymouth Ol b70e. 21% Poor & Co (B) ... 4% Porto R Am Tob A_. 7 Postal Tel&C pf(d). 17% Pressed Stee] Car__. 19'% Press St 1st pf 250- 54 PressStl 2d pf 2%.. 55% Proctor & Gam(12). 114% Proc & Gamb pf(b,. 36% Pub Sve N J (2.60) . 99% Pub Sve N J pt (5).. 113% Pub Sve N J pf (6)_. 51% Pullman Inc (1%)_. 16% Pure O11 99 Pure Oil 6% pf(6 1074 Pure Oil pf (8) _ 15 Purity Bak (60¢) . 7% RadioCo®d . ____ 63 Radio 1st pf (3%) Adfl DD. High. Low. 21% 21 21% +1% 2 10% 0 83 59% 4 15% 104 308 “sas R Fegys 8 508 117 13 42 2 100 2114 13 57% 268 20% Dividend Rate. Rem-Rand (bb5c).. 5 Reo Motor Car._. 27% Republic Steel . 97% Republic pr pf A(6) 32 Revere Copper.____ 2215 Revnolds Met (11).. 16'5 Reynolds Spr (11)_.. 5912 Reynolds Tob (3) 49 Reynolds Tob B (3). 19 Rfitter Dental (+1)_. 60 Roan An C (b1.11) 30 Ruberoid Co (60c)_. 3% Rutland R R pt. 31 Safeway Stores(12) 43% St Joseph Ld (12) .. 2% St L-San Fran (d)._. 4 % St L-San Fr pf (d) & Savage Arms h2ic Schenley Dist bl% 93% Schenley pf (5%).-. 113 Schulte R Strs (d)_. 1214 Schulte R S pf (d)_. 38 Scott Paper (b65c) - 1% Seaboard Afr L (d)_ 4 Seaboard A L pf(d). 36% Seaboard Of] (1) 81 Sears Roebuck (3) 26 Servel Inc (t1) __ _ 29 Sharon Steel (11.20) 95 Sharon Stl pf (5)___ 4 Sharpe & Dohme.__. 12 Shattuck F G (60c). 25% Shell Un Oil(b30c) ~ l(!’)’h. 102 Shell Un Oil pf 5% . Silver King (b65c) _. Simmons Co (b1)_ ' Simms Petrol ____. Skelly Oil (b50c) 5% Sloss-Sheffield Stl._. Smith (A0) __ 2 Smith&Cor cfs 12 Socony-Vac (b25c) - South Am G & P 30¢ South Port Sug(t2) So Cal Edison t11% _ Southern Pacific . Southern Ry __ & Southern Ry pf SoRYM&Oct (4)_ 4 Spalding (A G) .___ Spalding 1st pt Spang Chal pf (ba) Sparks- Withing *s Spear & Co (a50c) - Spencer Kell (1.60)_ Sperry Corp vtc(al) Spicer Mfg (a3)._. Spicer pf A (3) Spiegel, Ine (1) ___ Spiegel cum pf(473) Square D (B) béfc Stand Brands(180c) Stand Com Tobac _. Stand Gas & El (d) - Stand G&E $4 pf(d) Stand G&E $7 pf(d) Stand Oll Calif(11). Stand Oil Ind (+1)__ Stand Ofl NJ (t1) Sterling Prod t3.80_ Stewart-Warn t50e. Stokely Bros (t1) __ Stone & Web(a2sc). Studebaker Corp___ Sun Oil (t1) 4 Superheater (134)_. Superior Oil Superior Steel Sutherland P t1.60_. Sweets Coof Am ___ Swift & Co (11.20) . v Swift Internatl (2)_ Bla Te]zum"ranhkfivc). Tenn Texas Corp (2) s Texas Gulf PraSc _ Texas Gulf Sul (t2) Tex Pac C&O bl0c . Texas P L T (aloc). Thatcher Mfg (1) The Fair______ Thermoid Co Thomp Prod bddc Thompson Starrett. Thompson Star pf._ Tide Wat As Oil 80c Tide Wat AO pf 47 Timken-Detroit(t1) Roll Brg(3) Trans Wst Air a2 Transue & W (160c) Tri-Cont’l (b25¢) Truscon Steel 20th Cent Fox (b1). TwinCity RT _. Twin Coach (b30c)_ Ulen & Co e Und-Ell-Fish b1% Union Bag & P (2)_. Union Carb (3.20) .. Union Oil(Calif)1.20 Union Pacific (6) .. Union Pacific pf(4). Union Tnk Car 1.60_ Unit Aircraft b30c_. Utd Alr Lines a20c. Utd Biscuit (1.60) . Jtd Carbon (4) = Unit-Carr Fast(12). 4 Utd Corp (a20c) . 2ty Utd Corp pf (3) United Drug (b25¢). Unit Dyewood +1) . « Utd Dyewood pf(7). Utd Elec Coal ___ Utd Eng & Fy (12)_. 2 United Fruit (13)._. 11 Utd Gas Imp (1) 1027 Utd G Imp pf (5) 612 Unit Paper’bd b30c. 11% U S Distributing pf. 15 US& For'n Secur.. 15'5 U S Freight (1) 103'2 U S Gypsum (+2) __ 172 156 U S Gypsum pf (7). 234 15% U S Hoffman __ 28 US Indus Alcohol - 6% U S Leather vte 13% U S Leather A vie 4413 U S Pipe & Fdry(3). 10 U S Realty & Imp... 444 U S Rubber_ 8113 US Rubber 1st pf _ 78 U S Smelting (b6)-. 75 U S Steel 126'3 U S Steel pf (7) 5'a Unit Stk Yds (504))_ 37 Utd Stores (A) _ 1812 Univ Cyelops St1(1) 68 Univ Leaf Tpb (13) 63 Univ Pictures1stpf. 1% Utll Pw&Lt (A)(d). 2% 114 Vadsco Sales Corp.. 39% 2413 Vanadium Corp 44% 32 \an Raalte (b1% 12% 17 ar Chemical . . T4% 4813 Va Car C 0% pf bl% 115 105 Va El& Pw of (6) 12% 6% Va Iron Coal&Coke. 104 3'%x Wabash (d) _ ¥ 8% V’abash pf (A 7% Wabash pf (B)(d)_. 12% Waldorf Sys(t1.20) 247 Walgreen Co (2) 84! Walgr cupf ww 415_ 42'; Walker (H) 2) __ 19 Walker (H) pf (1) 11% Walworth Co 24 Ward Baking (A)... 5! Ward Baking (B) ... 11'%a Warner Bros Pict... 634 Warren Bros (d) 33% Warren Fy & P t2__ 34 Wayne Pump (2) 4% Webster Eisenlohr_ 43%; Wesson O&S (150c) 90 West Penn El A (7). 81 West Penn El pf(6) 90% West Penn El pf(7) 4118 West Pa Pwr pf (7) 24 W'n Auto Sup 1.60.. 7% Western Maryland.. 137% Western Md 2d pf_—. 2 Western Pacific 54 Western Pacific pf.. 41'%; Westn Un Tel (3) __. 7% 40% Westingh'se A B(1) 167% 130% Westhse Elec (b2) .. 65 38 Wheeling Steel _. 23% 20 White Dental t1.20 33% 20 White Motor new 46% 25 White Sew Mch pf.. 6% 4% Wilcox Ofl & Gas... 12% 8% Wilson & Co (50c) ... 65% 43% Woolworth (2.40) . 47 30% Worthington Pump. 1123 81 Worth Pump pf(A). 128 90 Wright Aero (al)... 76 65% Wrigley W Ir (13)_. 623 48 Tale&Towne(160c). 37% 20% Yellow Tr & Coach. 46% 357 Young Spr& W(t3). 101% T4% Yest'n S&T (b1l2)- 40% 30 Zenith Radio (bl).. 9% 47 Zonite Products ___ Approximate Hourly and Total 11:00 AM..__. 310,000 12 1:00P.M. 00 P.M. . Total Sales for the day. 1,410,000 840 000 ON BROAD FRONT Gains of Fractions to More Than Four Points Are Held at Close. Stock Averages 30 13 18 a0 Indus. Rails. Util. Stks. Net change_+24 +18 —.9+18 Today, close 93.4 40.0 418 66.9 Prev. day... 910 382 409 651 Month ago. 93.1 43.3 419 67.7 Year ago 844 340 490 629 1937 101.6 49.5 540 753 1937 879 361 39.1 626 1936 435 53.7 728 1936 30.2 434 55.7 1932 8.7 239 169 1929 146.9 153.9 184.3157,7 1927 516 953 618 61.8 (Complled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, July 6. —Stocks pushed forward in a determined rally today as an accumulation of post-holiday buying orders found offerings sparse. Gains ranged from fractions to more than 4 points. Steels were at the forefront as reports came in of the return of many workers in the strike | area and a second increase of 50 cents | @ ton in scrap prices in five days. Every section of the list improved in the most active session the market has seen in many weeks. Rails, mo- tors, farm implements and oils were in demand, as were aircrafts and rube bers. Coppers and specialties, less active. moved forward. There was some short covering, brokers said. Profit-taking was easily although | absorbed and most of the leaders fin | ished near their tops for the day. Transactions approximated 1,400« | 000 shares U. S. Steel, actively traded, ended around 5 points ahead. Case added about 7 and many of the other leaders were well ahead. Chrysler was in demand. | Activity was notable from the start, "s|and while there were periods of dull- +1v | Steel, 1 *11.257-1.26 | Cash wheat, No. 1 red, 1.28%; 5% + % Exchange. 22 1,000,000 Dividend rates as given in the above table are the annual o | black rust developments ness, the pace was faster than has been seen on the floor for some time. Stocks that were liked during the ion included Bethlehem, Inland Youngstown Sheet & Tube, Re- | public, Chrysler, General Motors, Santa Fe, Southern Railway, Pennsyl- vania Railroad. New York Central, Anaconda, Kennecott, American Smelting, International Nickel, Mont- ! gomery Ward. Sears Roebuck. Good- vear, U. S. Rubber. Boeing, Douglas Aircraft. United Aircraft, American Can. Westinghouse., General Electric, Phillip Morris, Union Carbide and Eloe‘\'s. | _Others to advance were American Telephone, Case, International Har- vester, Deere, Western Union, North American, Public Service of New Jer- sey, Amerada, Phillips Petroleum, In- dustrial Rayon, National Cash Regis- ter and Du Pont. CHICAGO GRAIN Ev the Associated Press. CHICAGO, July 6.—Late heavy profit-taking sales that for the most part came from Eastern sources led to sudden setbacks of wheat prices today near the end of trading. The late reactions of wheat followed upturns to new peak prices for the session. Pessimistic crop reports from North American wheat areas, both Winter and Spring, continued. with | lrade attention focused largely on | se At the close wheat was unchanged 2|0 1% lower compared with Saturday's finish; July, 1.24-1.243: September, corn_unchanged to 23, July, 1251,-% September, » and oats unchanged to 1, higher 1113753 ofl 2 1.27% 1.24% 11412 1.10% 847y 1707 sov am\& July | Get BELLIES- July 0 1620 Sep 1697 17.00 16.87 1700 Chicago Cash Market. : No. 2 Tred, 1.27%-30; No. 3 red, 1.26- 29 No, 4 red, 1.23-253;; No. 5 red, 1.21-25: No, 2 hard, 1.29%; No. 3 hard, 1.30; No. 4 hard, 1.23%-24; No. 5 hard, sample grade, hard 117 | red. tough, 1.26%;; No. 4 red, tough, 1.20%2; No. 5 red, tough, 1.20; No. 2 red, garlicky, 1.23; No. 3 red, garlicky, | 1.20%2; No.” 2 mned 1.28; No. 3 mixed, 1.24-25',; No. 4 mixed, 1.21; sample grade, mixed. 1.1915; Corn, No, 1 yellow, 1.297;: No. 2 wllow ]27'-,- 1293 No. 3 vcllov& 1.27'¢; No. 5 ycl- ‘ZDW. 1.15-16'2; No. 2 white, 13002 | sample xrade 90-1.08: special, 126 Oats, No. 1 white, 523,-54: No. 2 white, 52-521; No, 3 white, 49-52; No, 4 white, 47; sample grade, 46's; mixed grain, 47: no rye; soy beans, No. 2 yel~ low, 1.43!3; No. 3 yellow, 1.42!5; bare ley feed, 55-71n; malting, 71-97; time othy and clover seed unquoted. n—Nominal. Baltimore Quotations. PALTIMORE. July 6 1P —Wheat. No. 2, rel n)ler ariicky, spot, domestic, 1.23 CASH REGISTER SALES DROP DURING JUNE By the Assoclated Press. NEW YORK, July 6.—National Cash Register Co., Dayton, Ohio, reported today a decrease of 6.6 per cent mn gross domestic orders for June com- pared with the same month last year, but for the six months showed an in- crease of 24.9 per cent over the like 1936 period. June orders totaled $2,941,350 against $3.147,775 in June, 1936. For the six months this year orders amounted to $16,154.875, compared with $12,934,100 last year. VACATIONS ARE GRANTED. NEW YORK. July 6 (#).—United States Rubber Co. has annouicsd it will give a week's vacation with pay to all workers who have been employea for at least a year. The plan will affect 29,000 employes. 104 25% 87% Readi: 13* 'l% Real 8ilk Hoslery... 67 Radio-Keith-Or (d). 13% R R Sec I11 Cent. cash payments based on the latest quarterly or half-yearly dec- B ations. sURit of trading less than 100 shares. tAnnual rate— Endicott Johnson Corp.—Common 1d 't including tre last year. bPald this year. T uminiess eied 1 Teciis of Sontrarianand | SIATe EATTINGS 82 weeks' ended May d Com; llx dividend. 000 of the company’s first mortgage B per cent 30-year sinking fund gold bonds and for replacement of capital expenditures, 2% Cons Film .___ - 10 Consol Film pf(a: 9% Cons Laundries ... 14% Consol Oil (180¢) .. 46 . 28 Kalamazoo8 (11).. 15 Kans City South___. 44% 26 Kans City So pf(al). 25 Kaufmann (11.60).. 30% 18% 18% +1 26 2TH +1% 27 21 +2 % + % % 9% 13 16 15% 15% + % 35 8% +la = A - 7 <