Evening Star Newspaper, July 7, 1937, Page 17

. FINANCIAL, : N, D. } . *x2 A—17, e ey Y% Al CORPORATE BONDS SCORE ADVANCE Junior Carriers and Some Convertible and Utility Issues Favored. Bond Averages RM]! Indust mu F’ln Net change. +.2 —1 +4.1Unc. Today, noon 92.9102.7 96,7 72.7 Prev. day... 92.7102.8 96.6 72.7 Month ago- 9381032 982 172.6 92.0103.0102.2 69.0 99.0104.4102.8 74.7 - 9091022 958 170.5 - 98.2104.4103.1 73.0 - 8691018 99.3 67.6 458 400 646 422 1928 high__101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon _.._110.6 Prev. day.110.7 Month ago111.1 Year ago-111.8 1937 high_ 113.7 1937 low.. 108.4 1936 bigh_ 113.5 1936 low__ 110.2 1928 high_ 104.4 1932 low_. 86.8 (Compiled by the Assoclated Press.) By the Associated Press. NEW YORK, July 7—The bond market staged a brisk advance today with leadership furnished by second- ery rail loans and some of the con- vertible and utility issues. Baltimore & Ohio 4'4s, American & Foreign Power 5s, Cuban-Northern Railway 5!»s, Great Northern 4s, In- ternational Telephone 5s, Missourl Pacific 5s and St. Louis San-Francisco 4125 each advanced more than a point. One of the best gains in the con- vertible group was a 3-point rise in Studebaker 6s. United States Government were narrow, Wwith most slightly upward. The foreign list was mixed. Abitibi Paper 5s added nearly 3 points. South Americans were in good demand. Italy 7s dipped about a point. bonds changes WEEKLY REPORTS DELAYED. | NEW YORK, July 7 (#).—Because Monday, July 5, was a holiday, the weekly electric power output state- ment for the week ended July 3 will be | issued Thursday morning. For v.he‘ same reason the Iron Age summary | will be publlshed ‘Thursday, July 8. Washmgton Exchange' SALES. Capital Transit—19 at 1015, 10 at 1015 10 at 1014 Potomac Electric Power 6%, at 112, Potomac Electric Power 517 2 at 112, AFTER CALL, Capital Transit—2 at 101}, Bid and Asked Prices. BONDS. PUBLIC CTILITY, Amer. Tel. & Tel dss- Anacostia & Pot. 55 pfd.—1 pfd.—| stcu.mmus Qhexy Chase Club 15t 4% 104 W. M. Gold Btorage 85 - 100 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)_____*16! Gapital Transit Co. 10 1095 BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (e8) ‘fi% Bank of Bethesda (h.75) __ Capital (4) Com. & Bavings (e10) Liberty (4 Lincoln (18.25) National Sav & Br: Georges Bk & T, Rless % ISt g5 p : Th101n% Washington (6) - 130 Wash. Loan & Tr. {¢8) " 215 FIRE INSURANCE. American (5) Corcoran (5) Firemen's (1.60) National Union (.60) TITLE INSURANCE. Columbia (.30) 1 Real Estate (6) 171 MISCELLANEOUS. Carpel Corp (2.00) < nston _Monotype (+4) - Lincoln Serv. com (11.00) Lincoln Serv. pfd. Mergenthaler Lino Peovles Dr. St. com. (11,000 Peoples Dr’ St pfd. (6501 Real Est. M&G. pd. (**.70) Security ‘Storage (5) 1. & Wh. Corp. (3) . & Loth. com. (11.50) Wdwd. & Loth. ofd. (7) .. 115 *Ex_dividend b—Books closed. er—Ex rights, 1Plus’ extras. —2% 111 1 0 c_paid June 30. 1936; 45¢ pald De- eember 2 CHICAGO PRODUCE. CHICAGO. July 7 (#.—Poultry. live, 52 trucks. steady to firm: hens. over 5 pounds. 18.°5 ‘pounds and less, 18: Leghorn hens, 141 ‘fryers. Plymouth Rock, White DA AT T Broflers, cnlored 19: Plymouth and White ock. barebacks. 17: Leghorn. under ., 18: 2 pounds up. 18%: Springs, i Plymouth Rock. White barebacks 19: roost 13} Leahorn toosters: 15vs: turkevs. hens toms. 14 No. » turkess. 13 Gucks white and colored, pounds up, 12%%: small. 11%: geese. 12 uLler K8, firm: creamery speclals AloBLdar extras (92). 30t ) extra nrm i firsis (8R- 89 (8¢ s rats, Hou s Sraded Brats, local 2055, Tent receipts. 19%s: storage | 2204, storage packed firsts; tato total U. 8. “Caliorata, White Noss : “Cobblers ' fairly ~stead tly, weaker undertone: supplies m ate. demand fair. " Sacked %! unirafea ] 1 No. 1 and_pa; ded’ 1.3 mostly 130-45: Vitsinta Cohblen No 1 few sales 140 umphs, U 8. No. ‘Demands—Bel Hotiah 54 oliand. 5.5 fum, Hongkong, % Montreal in Ne in Montreal, 100.: .COTTON ESTIMATES DBOP. BUENOS AIRES, July 7 (#).—The third official estimate of the Argentine cotton crop for the 1936-7 season was placed today at 41,600 tons, against 80,957 tons for the 1935-6 season. The almost 50 per cent reduction was at- tributed to a plague of locusts and kSt fominal. By private wire direct to The Star. All time shown below I- daylight saving on which the Excha w operating. Approximate Transactions Today. . _ 280,000 - 1.290,000 7,730.000 TREASURY. High. Low. Close. 2148 1949-53.. 97.30 97.30 97.30 2% 1945-47.., 102.18 102,18 102.18 23,31948-51__.. 100.21 100.21 100.21 2%81951-5 99.29 99.27 99.29 2381966-59 99.24 99.22 99.24 27%8 1956- 100.21 100.23 351946-48 104.1 104.3 38 1951-55. 102.25 102.31 106.6 106.5 106.6 106.8 105.14 105.18 106.7 106.7 106.20 106.20 Domestic Bonds. 106! 3%51940-43Tune 105.18 33 51941-43 Mar 106.7 83%81943-47____ 106.20 43 1944-54 - 11115 111.12 11115 4743-335"43-45_ 106.10 106.10 106.10 4% 81947-52____ 115.28 115.23 115.23 FEDERAL FARM MORTGAGE. 2%S1942-47____ 101.20 101.20 101.20 331947 - 103. 103. 108. 381949 - 102,18 102.14 102.18 391964 - 103. 103. 103. HOME OWNERS’ LOAN. 2%81939-49____ 100.15 100.14 100.15 331962 - 1026 1024 1025 FOREIGN BONDS. High, Abltibl Pa&Pw 53 °63. Adriatic Elec 7s'52 Antioquia 73’45 A. Antioquia 78 '45 B. Antioquia 3d 7s ‘5’ Argentine 4s8°72_ Argentine 4345 "71_ Argentine 6357 A _ Argentine 6s'69 Oct_. 1014 Argentine 6s'60 May. 101% Argentine 6s ‘60 Sept 100% Argentine 65 '60 Oct. 1014 Argentine 6s '61 Febr 1004y Argentine 63°'61 May. 1014 Australia 4355 '56.___. 1024 Australia 68°5 . 106% Austrian 7s 57 103 Bavaria S 61s '4 Belgium 6328 ‘49 Belgium 7s 65 Berlin 6155 '50 Berlin Elec 6 Brazil 615 27.'57 Brazil 78’52 Brazil 8s 41 Brisbane 5857 102y Buenos A C 6s'60 Oct 101% Buenos A C 61s°55 ~ 102% Beu A 414-4%8'77 Pv. 83l Buenos Afres 43%3-45%8 76 April Buenos A4l;s-4 %875 Buenos A 43%5'76 Aug Bulgaria 78°67_. Canada 2% s ¢4 Canada 3s ‘67 Canada 3%s 61 Canada 45 60 Canada 58 53 _. Chile 65'60 __ Chile 6361 Jan Chile 6s '61 Febr._. Chile 6562 Chile Mtg Bk 6s 6. | Chile Mtg Bk 614 Chile Mtg Bk 63861 Chilean Mun L 7s '60. Colombia 6s 61 Jan Colombia 6s '61 Oct Col Mtg Bk 7s 47 Copenhagen 5s '52 Cordaba 7s '37 City. Cordoba 7s "37 stpd Cordoba 7s 42 prv.. Cuba 4125 49 Cuba 512545 Cuba 51 '53 Denmarx 4 Denmark 5%s Dominic 2d 5 Dresden 7s° Finland 65 '45 Frankfort 63 French Gov 7338 '41_. GerCBK A 6s'38 Ger C Bk A 63’60 July Ger C Bk A 63'60 Oct. Ger Gen Elec 63 '48__. Ger Gav 533 65 st Ger Prv & City Bank con Ag 63858 Ger Rep 7s '¢9 stpd. Greek Gov 6868 _. Haiti 6s°52 Hung Con M 784 Hung L M 7%s'61 A_ ltaly 78 51 _ Japan 6%s 60 Japan 6128 ‘64 Jugos Mts Bk 7s 57 Kreug&Toll 5559 cfs Low Austria 7155 '50 Medelin 648 54 __ Met Wat 5%s'50 Mex 4s 10-'45asst sm Mexica 4s ‘54 asst Milan 6158 52 Minas Gers 6% 59 Montevideo 6s Montevideo 75 '5: New So Wales b3 '57 New So Wales 5558 Nord Ry 6% = '50._. 978 Norway 4s 63 _ 9814 Norway 4% 8’65 .. 10"'/‘ Norway 415856 Norway 6s 43 Norway 6s"44__. Ortental Dev 5%s Oslo 4355 0s10G & E 5363 _. Parls Orl Ry 6%8"6: Peru 6s°60 Peru 63°61 Peru 7s '59 Poland 6s "4 Poland 7s 47 Poland 8s 50 Prussia 6s 52 Queensland 7s ‘41 _. Rio de Jan 6%s 63_ Rio Gr do Sul 68 88 Rio Gr do Sul 7s ‘66 Rio Gr do Sul 8546 Rome 6158 62 Ruhr Chem 6848 Sao Paulo C 648 '57. Sao Paulo St 6s ‘68 Sao Paulo St 7s 4 Sao Paulo St 85 '50_. Serbs 1562 Serbs 8s ‘62 Silesta Prov 7s Sydney 5%s '55 Taiwan Elec 5%s'71. Tokio 5%5 61 & Tokio E L Ltd 68 °53_. Tyrol Hy Flec 7s '52_. Ujigawa EP 7s'45__. Uruguay 6860 .__ Uruguay 8s 46_. Warnaw 7s ‘68 Westphal E P 6853 Yokohoma 6s ‘61 __ 8414 85% 83V 26'3 984 9314 102% 10015 284 99 111 10:% 6 6 2% 27% 634 2 103y 1034 1031 103% 9% 9814 102 103% 106% 1061 T 100% 101% 9% 19% 19% 20% 53% 67% 49% 23% 109% 25% 25% 26 31% 73 254 25% 964 96 68% 69% - 49% 24% 85% 96 69 69% 49% 24% 85% DOMESTIC BONDS. Adams Expres: ‘47 100% 100 100% Adams Express 48 100% 100 100% Adams Exp 43846 _ 101% 101% 101% Ala Grt So con 58 °43_ 1121 1124 1124 Alleg Corp 68 44. 98 97y 98Y% Alles Corp 68 49 92 92 92 Alleg Corp b8 50 stp 64 64 Allied Stores 414551 98% 98% Am & For Pw 6s 2030 8% 8% Am Intl 6353849 105 105 Am1GChb% 106% 107 AmT& T 8%s 61 Anaconda deb ¢ Anglo-Chil Nit 7s '(1 Armour(Del)1st 48’55 Armour (Del) 43 57 Armstrong Ck 48 ‘60 A T&S Feadj ¢s 95 st A T&S Fe gen 4895 A T&S Fed4%s 48 AT&SFeCA 4%s'63 A T&S F RMt dv4s'¢5 A T&S Fe TSCL 48 '58 AtI&Ch AL 4%s8'44_ Atla&Ch A L 55 ¢4 Atl Coast L 1st 4852 110% 110% 109% 109% 112% 112% 105% 106% 13 118 110 110 112% 112% 102% 102% 102% 94% 9% 943 92% 911 924 104% 104% 104% 48% 48% 4% 4% 73 52% 521k AtIC L un 4%s ‘64 Atl Coast Line bs 45 Atlantic & D 1st4s’48 AtIG & W 1st 6869 Auburn Auto 4%s ‘39 B&Olstds 43 _____ drought which was the worst in 15 years. A 8 . o ut 6n 95 A_.. 8Dl 83 83% 82 83% THE EVENING STAR . Low. Close. B&Orefbs SOOgD.- 81% 82% 93% 95 10315 103% 96 Bos & Me 6367 _. Bot Con M 6358 '34 Bklyn Ed con 3%s ‘66 BKlyn Man T 4145 ‘66 Bklyn Un £168°50 Bklyn Un Gas bs "45. Bklyn Un Gas 68 °50 .. Brown Shoe 3% s '50 Buft R&P cn438'57re BCR&Nclis - Bush Ter Bldg 60. Calif Packing 68 40.. Camag 78 42 ctfs. ... Canada So5s'62 A___ Can’'dian NR 4%s ‘56 Can'dian NR 43867 Can’dian N db 6 %846 Can’dian P db 48 perp Can‘dian Pac 43%s 60 Can’'dian Pac 68 '54__. Cent Br U P 4s 48 _ Central Fdry cv 6841 Cent of Ga con 6s "45. Cent of Ga bs'69 Centof Garf 514859, Cent I1l E& G 6551 Cent Il Lt 314866 Cert N England 48’61 Centof NJ 4s°'87__ _ Centof NJ gen 5s°87 Cent Pac 18t rf 45°49. Cent Pac 55 °60 . Champ P&FI%!'SV Cert'd deb 6% s ‘48 _, Ches & O 31896 D__ Ches& 0 3%s'96 B__. C& O con 5s'39 Chi & Altref 3s°'49 Chi B&Q gen 4s'68 Chi B&Q 4%s 17 _. Chi B&Q ref 68°'71_. Chi B&Ql div3%s R Chi B&Q1 div 4349 __ Chi & E 111 58 '61 Chi & E 111 53 '61 ctfs. Chi Grt West 4559 Chi I&L gen 5s°66. CM&StP4s'89 CM&StP gn 4%5'89 C CM&StP5s 76 CM&StP&P adj5s2000 Chi & NW gen 3% s'87 Chi & NW gen 4s'87 Chi & NW 41,8 2037 Chi & NW 4482037 C Chi& NW 4%s'49 _ Chi & NW gen 5s'87_. Chi & NW rf 58 2037 C&NW Nr W 6345 ‘36 Chi R I&P rf 4s 34 Chi R I&P gen 45 '88 Chi R [&P 413 Chi R I&P 4%s" fio - Chi T H&S Inc 6860 Chi Un Sta 31,861 Chi Un Sta 3%s'63 E Chi Un Sta 43°44 Chi Un Sta 4s'63____ Chi & W In con 4s'52 Chi & W Ind 43562 Childs & Co 5343 CCC&St L gen 4s'93 CCC&St L rf 4%8'17E CCC&StL StL dv4s'90 Clev Un Ter 414577 Clev Un Ter 58°73 B Clev Un Ter 6% 8'72A ColoF & 1 5543 Colo F & 1 58 70 Colo & So 4%s '80 Columbia G & E deb 5852 April Columbia G & E 58 52 May Columbia G&E 68 '61. Colum Ry P&L 4s ‘65 Comel Credit 3%s 51 Com Inv Tr 318 '51 Conn R Pw 3%s°61 A Cons Coal Del 5860 ConsSEA N Y 3%s'46 Cons Ed N Y $%5'56 Cons Gas NY 4%s 51 Consol 011 3% s 51 Consum Pwr3%s'66 Consum Pun 8 ‘65 Consum Pwr 3%s'70 Container deb 5s '43_. Crane Co $%s 51 CrownC& S 4850 __ Crown Will P 6s'51.. Cuba Northn b3s '42 Cuba RR 1st 53 '52 Dayton P&L 3% Del & Hud ref 4 Den & R G con Den & RGW 5s'65asst Den & R G ref 55 '78 Des M&Ft D 48'35 cfs Det Edison 3%s ‘66 Det Edison 48 '65 F__ Det Edison §s 52 Duquesne Lt 315 '65 Elec Auto Lite 4s 52 Eriecv 4s'53 A Erfecv 4s'53 B Erie cons 4s 96 Erfe gen 4s°96_. Erfe ref os 67 Erie ref 5875 Fairbks Morse Is ‘El Fed Lt&Tr 68’5 Fla EC Ry 68 "H Fla ECRy 5574 ctfs Fond J & R 45’82 filed Galv H&H 5% 8°38 Gen Am Inv 58°'52_. Gen Mot Acc 3845 Gen Mot Acc 3%s '51. Gen Pub Sve 5% '39_ Gen Stl Cast 5%s°49_ Goodrich 4% 856 Goodrich 6545 Goodvear T&R 68’67 Goth Silk H 58°'46 ww Grt Nr Ry 3%s°67 Great N Ry 48 46 G__ Grt N Ry 4s 46 H Grt NR gen 4%s8'75 D Grt N Rgn4%s'17TE Grt NR6%s 62B __ Green Bay 68'62 B___ Gulf M& N 58 50 __ Gulf Sta Stl 42,861 _. Har Ry PC1 st4s ‘54 Hoe (R) 1st mtg 44_. Houston O11 5%s 40 Hudson Coal §8°'52 __ Hud & Man inc 6s '57_ Hud & Man ref bs '57. 111 Bell Tel 3%s '70 I1l1 Cent 3128°'52 I11 Cent col tr 45 °53 I11 Cent ref ¢s 55 [11 Cent 4%s '66 111 Cent ref 58 '65 111 Cent Lou 3% '53 . ICC&St L N O 4% ICC&St L N O 658°63._. 11 Steel deb 4% s "40_ Inland Stl 3% s 61 IntRT rf 68 '6 IntRT 2 106% 16‘4 65 104% 23% 115 113% 1124 124% 94" 103% 107 % 105% 107 107 10914 104% 101% 85 100% 931y 984, 102 1051 108% 1083, 105 80 60 99% 99u 99 994 105% 105 9Ty 102t 104 67% 105% 104w 107% 103% 100% 103 102% 2 Int R T 7832 ctf: - Interlake iron 48 °'47_ Int Grt Nradj 68’62 A Int Hydro Elec 6s ‘44 Int Mer Marine 68 ‘41 Int Pap 1st 63°47 A__ Int Pap ref 6s'55 Int Ry of C A 68 72 Int T&T cv 4 %8 . 39_- Int T&T 4%8°62____. Int T&T 68°'66 ... Iowa C 1st&rf ¢s'51.. James F& C4e'39 __ Jones&L Stl 4% 8'61A Kans C F S&M ¢s°36. Kan CFS&M rt4s'36ct Kans C 8o 1st 3s '50.. Kans City So ref 58’50 Kans C Ter 18 60. Kans GEE 4148°80 __ Kresge Found 45 '46... Luloao Gasbs'39. Laclede Gas 68 42 A_. LE& West'n3s'47_.. 98% Lautaro Nit 19768 __. Leh C&N 4%s 64 A__ Leh Val Coal 6s°64.. Leh V NY 4% 540 gtd Leh V P con 4s 2003 Leh V P con ¢4s 2003 Leh V RR con 68 2003 Ligg & Myers 63 '51.. Ligg & Myers 78 ¢4 Loew's3%s'46 .___ Long Isl ref 4s°49 __ Long Isl rf 48°49 stp. Lorillard 68 51 ____. Loriliard 78 ‘44 La & Ark € Louisv GEE 3%5'66 L & Nash 3% 2003__. L&N tst4 L&Nunif 4840 ..o, L&N 4%82003C_. 106% 105. 105% L &N 583003 B 108% 107% 108% [ 59% 5% 591 66 66 66 122% 122 122 131 131 131 99% 99% 991 102% 102% 102% 102% 102 102% 119% 119% 119% 127 90 Hieh, 112% 97 103% L &N Atl K&C 4s'55. L & N So Mon jt 48’62 McCrory Strs §s McKess&Rob b%8'50 MeC RRclt 4345 A_ Man S 15t T3 8'42ctfs Manhat Ry 4800 . __ Marion St) Shov 6847 Market St Ry 78°40 A Met Ed 18t rf 454868 Mich Cent 4%8'79___ Mil El R&L b8 '61 Mil El R&S L rf 68 Mil Spa & N W 45'47_ Minn & St L b5'34ctfs MStP&SSM cn 4s 38 MStP&SSM 58°38 gtd MStP&SSM 631 '49__ MoK&T4s 62B ___ MoK & T 18t 48'90__. MOK&T5s62A ___ Mo K & T adj 58 '67.. Mo Pac 4876 __. Mo Pac 6865 A... Mo Pac 5877 F Mo Pac 6578 G-.... Mo Pac 58 '80 H Mo Pacific 55’ 81 Mo Pac5ls 49A ___ Mob & Ohlo 41,877 . Mob & Ohio 65 ‘28 Mob & Oh M div 58'47. Mohawk & M 4s'91 Monong Pub S 4%8'60 Mont Pwr 3%s ‘66 Mont Tram 6s'41_ Morris & Es 3145 2000 Morris&Essex 4%8'55 Morris&Essex 58 '55... Namm & Sons 6543 _. Nassau Elec 4s'61 std Natl Dairy 3%s'561ww Natl Dis P C4%s8'45_ Natl Steel 48 65 _ New E T&T 18t 5552 New Orl P S 6562 A New Orl P S 5865 B _. New Or Ter 1st 48'53. New Orl T&M 4145'56 NOT&M 5%s'64 B cfu N Y Central 8%s '62... NY Central 3% 07 NY Central 3%s"46 NY Cent 48°42__ NY Centcon 4898 __ NY Centrf 41482013, NYCrf4%s2013n | NY Cent rf 582013 NYCLSh3%s'98 NY Chi & St L 4s 46 NYC&St L 4%s"78.__ NYC&St L6%8 74 A. NY Chi & St L 6s'38.. NY Dock 1st 4s'51 NY Dock 6s ‘38 a NY Edison 3% s'65 D NY Elis ref 314866 NY G El H&P 4549 _ NYL& W 1st 4s°73 H & H 4s 06 NY NH & H 48°57 _ NY NH & H 4%s8°'67 NY NH& Hcl tr 6s'40 NY NH&Hcv 6848 NY O&W gen 48'55.. NY O&W ref 4s 92 NYQueens con3 3565 NY Tel gen 4 X NY W&B 415546 Niag Falls P 31,566 Niag Sh 533850 Norf So 1st ref 53 '61. Norf & W 1st 45'96._ North Am Co 5861 _ North Am Ed 5857 A North Am Ed 55 '69 C or'n Pac gen 3s 2047 or'n Pac 4s 97 or'n Pac 434 2047 _ ort'n Pac 58 2047 C._ Nor'n Pac §s 2047 D__ Nor'n Pac 6s 2047 Ogden L C4s 48 _ Ohio Edison 45 65 Ohio Pub Sve 7847 Ont Trans 1st 5545 Oreg RR&N 4546 Orez W RR 45 61 Otis Steel 4143 ‘62 Pac Gas & E1 334566 PacG&ES%a 61 . PacG & B s 64 Pac T&T £f 3% 5’66 B Param’t Pic 3% 8°47.. Paramount Pic 63 '65. Parmelee 63 '44 Penn Co3%s'41B. Penn Co 4563 Penn Dixie C 65 Penn P &L 4%8 81 Penn RR3%s w1 Penn RR3%,8'70 C__ Penn RR 41,8°81 D _ Penn RR 4%s 84 Penn RR con 414860 Penn RR &n 4% '65 Penn RR deb 4145 ‘70 Penn RR gen 5568 14| Peoria & E 1st 45'40_ * | Peoria & E inc 4s 90 ™| Pere Marq 1st 4 56 Pere Marq 43" xo 2 Pere Marq 1st 55" Phelps Dodge Phila B&W 47,38 Phila Co 5567 Phila Elec 31,867 _ Phila & R C&1 68°73_. Phila & R C&163°49_. Philippine Ry 4s'37_ Pillsbury F M 6s'43 PCC&St L 43577 C. Port Gen El 41360 Porto Rico A T 63'42. Postal Tel & C 58 '63 Potomac El P 3% 866 Purity Baking 55°48_ R-K-O 63'41_____ Reading Jer C 4 ‘51 Reading R 416897 Reading R 4%3°97 B Rem,Rand 4% s'56ww Republic Stl 4148 '50_ Republic St 4%3 66 Republic Stl 4158 °61_ Republic St1 5158 54 Revere Cop 414856 __ Richfield Oil 6544 RG W 1st ex in 45’39 Rio G Wcol 43’49 A . R1A&KL 1st 4%8°34_. Rutland RR 4%3'41_ Saguenay Pw 41566 St Jo Ry L T&P 5s'37 St LIM&S R&G 45°33 StLP&NW 58'48___ St L-S Fran 4s'50 A St L-SF 4850 A ctfs St L-S Fran 4%s'78 St L-SF 4%s'78 cf st St L-S Fran 55’50 B StLS W 1st ter 58’52 San A & A Pass 48°43 San An PSvc 6s'52 A Schulco 61,8 '46 A ___. Schuleo 6%5'46 A stp Schulco 618’46 B.__. Seabd A L 48 50 stp_.. Seabd A L ref 4s'59 Seabd A L rf 48'59 cfs Seabd A L 6s°45 A Seabd A L 6s '45 ctfs_ Seabd A-F16s'35 A ct Shell Un deb 3348 °51. Skelly Ofl 48 °51 100% Socnnz Vac 3%s'50 _ 105% Sou Bell T&T 3%=s'62 98% Southn Cal G 4%s°61 106 So Colo Pwr 65 47 A_ South Nat G 4%s'51_ SoPac3%s'46 _.__.. So Pac col 48 '49__. 99% 94 107% 87% SoPac 448 69 cameee. So Pac 4%s ‘81 So Pac Oreg 4%s L So Ry gen 4856 A. SoRy 68'94 .. So Ry gen 63 & So Ry 6%8°'66 _ So Ry M & O 4 So Ry St L div 4s’| S W Bell Tel 3%s Southw'n G&E 48 Spokane Int 58 ‘55 i Staley A E 4s 46 Stand Ofl N J 3s'61 Studebaker cv 68 "45... Swift&Co3%»'50_. Symgn G&G '56 xw._... Tenn El Pw 6s 47 A.. Term AsSt L 48°53__ Texarkana 5% s '50.. Texas Corp 3%s'51_. Texas & Pac 65°'77 B. Texas & Pac 63 *79 C.. ‘Texas & Pac 6580 Tex & Pac 1st Third Av ref 4s°60___ Third Av 1st 58°37___ Third A ad in ex 55’66 Tide Wat O11 $148°53.. Tol & Ohio C3%s'60. 115 1073% 118 884 109% 1 102% D. 102 122% 49% 87 18 100% 105 ¢ 4 106Y% 105%° 99 WASHINGTON, D. C., BONDS ON N. Y. STOCK EXCHANGE | Low. Close. l 1124 112% 97 97 103% 103% 102% 103 103 103 65 65 34 34 90 90 100%4 101 106% 107% 104 104 100% 100% 100% 100% 36% 14% 2 1 22Y% 154 643, 86% T6% 67 17% 3% 38 3% 37% 37 13% 21 22'% 15 647a 86% 76'% 661 17',5 4 100% 100% 103% 1011 27 116 103 103 101 T4% 104w 9415 1001y 1001y 110% 2214 1047% 111 111 1093, 107 92 106% 95 10714 107 107% 175 9714 95 107Y% 107 106% 175 974 105% 1051% 9815 98% 106 106 105% 105% 99 99 106% 107% 87 8T 864 86% 86% 87 g{'fi 4% 6%, 106% 106% 95% 96% 99% 993 90% 91 95% 951 105% 105% 101% 101% 24% 24 1045 104% 9% 9% 112 113% 107 107 118 118 881 881 109% 109% 105 105 103% 103% 102 102 102% 102% 102 102 1225 122% 49 49 87 87 17% 17% 100% 100% 106 105 ADVANCE IN AUTO PRICES WEIGHED Boost to Meet Costs Rise May Have Tendency to Curb Demand. Erecial Dispatch to The Btar. NEW YORK, July 7.—It is pgssible that the prospective increase in the normal demand for automobiles this year will be modified by a rise in the year's average price for motor cars, says the Alexander Hamilton Institute. There is talk at the present time of a 10 per cent price advance. On the basis of present costs, it is apparent that higher prices are needed. Workers in the automobile factories are now receiving an average wage of about 86 cents per hour. This com- pares with 76 cents a year ago and with an annual average of 60 cents at the low of the depression in 1933. As compared with the pre-depression wage of 75 cents in 1929, the present figure is 14.6 per cent higher. This represents a real increase in labor costs, since the output per man-hour is certainly no higher now than in 1929 and is possibly lower, as some evidence indicates. In addition to higher labor costs, there has been a sharp increase in the price of raw materials. The aver- age price of steel, for example, is now 2,605 cents per pound, according to the compilation by the Iron Age. This compares with 2.097 cents a year ago and with the annual average of 2.297 cents in 1929. The present price of steel is thus 13.4 per cent above the pre-depression lavel. Since automobile prices at the pres- ent time average about 15 per cent below the 1929 level, it is evident that they are underpriced. Economies in other directions can hardly make up now for the present high cost of labor and raw materials relative to automo- bile prices. Washington Produce BUTTER—02 score: 1-pound prints. 35; Yi-pound prints, 36: {ub. :i4: 90 score. pound prints. 34: ' 's-pound prints, tub. 3. market strong calves, ab, Fall lamb. 307 frozen pork ms. 24: smoked slab bacon. 30; i cows. 15 pork loin 1 A 10, medium; 50 “stags. es. 7alls Prices paid shippers. net fob. Wash- ington By the United States Bureau of Agricuitural Economics EGGS—Market steady to firm. Nearby heninery whites 13 cent higher receipts. 20 to 21. hennery whites: 2. Government graded and dated white eggs: U S. exiras. lar . 9. extras, mediums, 24lz. U. 8 large, " LIVE POULTRY —Market slightly unset- tled. " Virginia Rock brotlers, 1_cent lower Fowl: Colored. heavy, 16 10 17: & few 1K No. 25 17 i, 12 to 14 1o 21 Rocks. Vir 2 poungs, 1%: 1 Keys: Old hens, 14, standards, roosiers Sian > pounds, 1o 16 to 17, oid toms, 13 to Fruits and Vegetables. Sales in lurge lots by original receivers to X aun. toda ASPARAGUS—Truck supplies light, demand steady. New ' Jersey. dozen bunches. extra colossal colossal. extra_fancy. 1.50. SRR EALOUPES “one Arizona fornia arrived: 1 car diverted: and 3 unbroken cars on track. Carolina. truck receipts moderate: supplies demand moderate: market meats. jumbos. 50: 45s. 3.75. meats, % crates. carlot arrivals; 1 broken car on track: supplies light: de- mand slow; market dull. California, Jumbos. 365 and 45, 400 ONEYDEWS—No cariot arrivals: 3 broven cem on traek: suppiies moderate; demand light: market steady. ndard crates. 9s and 1% g E :“uimbo ‘crates, 65 to 98, T6- 1 L ey~ One New York arrived: 1 broken car on track: supplies moderate; demand light: market steady York, crates. individually washed : 0; 5-6 dozen, 3.00; 8l2-7 dozen, light; market receipts light pyramid all_sizes. 1.: HONEYBALLS—No 00~ LETTUCE—One California arrived: 1 car diverted: 5 broken and 4 unbroken on_track: supplies moderate: _de- market weak California o ONTONS——No cario: & ; & Truck receipts light: supplies market steady. Fifty- 0. S. No. 1 on “track. light: demand light pound sacks. vellows. Shore Maryiand. 1.00; New Jersev. 1.15; Texas. 50-pound sacks, yellow Bermudas. U. S. commercial, 1.35 FAS—No carlot arrivals: 5 broken and 2 unbroken cars on track. Supplies mod- erate: demand light; market steady. Cal fornia, bushel hampers, telephones, 1.75- 200: pole peas. 200215 POTATOES—Truc plies Tiehe qemand Hent stronger. North Carolina._ stave-barrels, Cobblers. U. 8. No fair quality. 2.10: North' Caroiina and Norfolk section Virginia, " 100-pound sacks, Cobblers, U. B 1 No. TOMATOES.—No carlot arrivals: 2 bro- ken and 2 unbroken cars on track. Sup- plies moderate: demand slow: market weak. Lug boxes. green, ripes and turning. rapped. 6x6 and larger. Tennessee, 1.25- 00: ~Georgia _ and _South :_North Caroling, Ja- 5; Virginia, bushel ERMELONS—One Florida, 1 Geor- gia arrived; 2 broken and 4 unbroken cars on track. ‘Truck receipts moderate: sup- plics moderate; demand light: market Florida and Georgia. Tom W average. 30 av 50-60; 26-28-pound av- 40-50 ‘each. Lima Beans Steady. LIMA BEANS—Truck receipts light: supplies _light; demand lizht; market tet North Carolina, bushel hampers, 00. CORN—Truck receipts moderate: plies moderate: demand light: steady. North Carolina. sacks 5 dozen, BLACKBERRIES—Supplies _light; _de- mand light: market steadv. New Jersey. 32-quart crates. 2.00-4.00, according to condition. RASPEERRIES_Supplies light: demand light, market steady. Maryland. 32-quart gates. Biackcaps, ! oo $.00; New Jersey. Redeaps. 10 per SEIRACH-Sunpiics light; demand light: parket steady. Pennsylvania, bushel bas- kets. 90-1.00; New Zealand type. Ore Gatlfornia. aerived: five broken and three unbroken cars on track. California. boxes, 3.75-5.50. as to grade and size. No. 1, N 6.50-7.00; No. LIM] 2.50- ES—F) /5: , 2. 3,00, o bushel poxés bushel baskets. 3.00-4.00. — e t: : sup- market siightly sons erage, sup- _ market 5 ifornia, boxes, 5.50-6.50. el boxes 1.00-1.50; High. Low. Close. Tol St L& W 4s'50._. 99% 99% 99% Un Oil of Cal 338 °62 110% 110 110% Union Pac 3148°70_.. 96% 96% 96% Union Pac 3%s - 97 97 ‘97 Union Pac 1st 45°47_. 1131% 113 113% Un Pac 1st rf 452008 107 106% 106% Un Pac 1st rf 55 2008. 115 115 116 United Drug 6853 98 98 U S Rubber bs '47 106% 107 99 99 101% 102 49% 50% 50 51% 101% 101% 22% 23% 108 108 104% 105 31 Utll P& L 65'69 wt U1 P&LE%s '47._ 51% Vanadium cv 6s ‘41 1013 Ver Sug 1st 78’42 ctfs 23% VaE&P1strf 556 108 Va Ry 18t 3%s 66 A_. 105 Wabash 414378 31 Wabash 68 ‘76 B._... Wabash 6s ‘80 D_. Wabash 6%s 75 ‘Wabash 5%s 75 ctfs_ Walker H&S 4148 °¢5- 105% Walworth 48 ‘65 79 Walworth 6s ‘55 n 95 Warner Bros cv Warner-Quin 68°39__ Warren Brev 6s'41 .. 62% W Sh 1st 45 2061 gtd 91 West Penn P31,5°66 106% West'n Md 1st 48 '52. 1031 Westn Pac 6846 A .. 30% West'n Pac 55’46 A as 30% West'n Un 4%s ‘50 9215 W 49 Current | crates Eastern | WEDNESDAY, JULY 7, 1937 Dividend Doubled By Runray Oil as Earnings Mount By the Associated Press. NEW YORK, July 7.—Sunray Oil Corp. declared a dividend of 10 cents on the common today, payable August 20 to stock of record July 20. A dividend of 5 cents was paid on April 26. The company's net earnings for the first half of this year will equal approximately the net for all of 1936, C. H. Wright, president, stated. ‘The company is a crude oil and natural gas producer operating prin- cipally in Oklahoma. NEW YORK BANK STOCKS NEW _YORK. July 7 (#.—New York Se- curity Dealers’ Assoclatior. (Quotattons as of 2'o'clock.) Bid. Bank of Man (1 First Nat (Bos) (2) First Natl (100) Guaranty Tr (12) Irving Tr (.60) = Manufacturers, Tr (2)” Manufacturers’ Tr pf (2 Natl City (1) N Y Public (11) Title G & T FEDERAL LAND BANKS NEW YORK, July 7 (F).—Federal Land Bank bonds FOREIGN MARKETS. LONDON. July 7 (#.—Stock prices closed steady. although many issues re- acted from their early high levels on sell- ing which came from continental sources. The gili-edged division and German bonds were firm, while indusirials remained steady, rubbers and oils selling at higher prices’ Mining shares were strong through- out the day. and base metal shares were in large demand. PARIS —A’ generally heavy tone pre- vailed at the clase of the Bourse. with gov- ernment bonds reacting sharply, rentes Glosing 60 centimes lower to 55 higher. Suez Canal lost 610 francs on the day, and Royal Dutch was dcwn 25 francs. U.s. TREASURY POSITION. By the Associated Press. The Bosition of the Treasury on J RI3, expendi- e oF receipts’ for Yihe (since July res, $208.- 15,511 Cusmnh' month K76 45 neinding” cxpenditures FIRST TRUST Lonué Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1312 L Elru‘ NW National 0435 n Correspondent Mutuar Bemens Lite Insurance Co. Have Us Go Over Your INSURANCE It is possible that we may be able to arrange a plan that will not only save you money, but provide additional protection as well. We write all forms of policies, and would appreciate serving you. J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. N.W. Natl 4673 MORTGAGE LOANS ON RESIDENTIAL PROPERTY Up to $20,000 | Refinancing and Construction attractive interest rates ROBERT PEDDICORD 1713 K St. N.W. DISTRICT 0010 ___Office Hours, 9-12 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAIL 1403 1f it's REAL ESTATE talk to WEAVER BRoS. BE SURE to see us if you are planning to— o Finance a home or other property. « Borrow money with which to pay off a First Mortgage. Sell or buy improved or unim- proved reai estate. » Secure capable management lof income-earning property. o Get proper insurance protec- tion for your real estate holdings. We Know Washington and can help you with real estate problems in the Dis- trict, nearby Maryland and Virginia. WEAVER BROS ¢ REALTORS Mortgags Luan Corvespondent Marspolisan Lifs Innerance Compeny tn Un cl tr 68 °38_ 101% Westn Un bs ‘51 95! West'n Un 686 Wheel Steel 41 W Sp St 1st 7, W Sp 8tl con Wilson & Co ¢s8°65._. 101% 101% 101% Y'ngstn S&T 334851 141K 140% 141% T'ngstn S&T ¢s°61.. 101% 101 101% WASHINGTON BUILDING DISTRICT 9486 4 | all-commodity index, 4 | the textile index remained unchanged FINANCIAL WHOLESALE INDEX CLIMBS FURTHER Fertilizer Association Finds Average at 88.3, Against 87.4 Week Ago. The wholesale commodity price in- dex compiled by the National Ferti- lizer Association, showed a substantial rise last week, reaching the highest point recorded since Msy, and was only 0.5 per cent under the year's high point of 88.7. The index stood at 88.3 based on the 1926-1928 average as 100, com- pared with 87.4 in the preceding week, 87.4 a month ago and 77.9 a year ago. Increases in the food and farm prod- uct group indexes were largely respon- sible for the increase registered by the Higher quota- tions for butter, eggs, flour and meats took the food price index to the high- est point in 14 consecutive weeks. ‘The farm product group index rise was due primarily to a substantial ad- | vance in grain quotations, with smaller | rises taking place in live stock and | | cotton prices. The live stock price average again | was at a new high point for the en-| tire recovery period. Lower quota- | tions for wool, burlap and cotton yarn were sufficient to offset the mark-ups in cotton and silk, with the result that | for the week. A fractional increase was registered | by the metal index, the result of higher prices for brass products and tin. The chemical and drug and fertilizer | material group indexes also were | higher during the week, RUBBER FUTURES. NEW YORK. July 7 (#.—Crude rubber | futures ovened barely steady. 9 t lower. July. "10.15b; Decermber. 1 JUNE PHONE INCREASE LARGER THAN YEAR AGG BY the Associated Press. NEW YORK, July 7.—A net gain of 31,400 telephones in June was re ported today by the Bell System, af« filiates of American Telephone & Telegraph Co., against a gain of 25,600 in June a year ago. 412% Ample funds for conservative Ist mort. gaxe loans on improved Maryland and C. property. A'.um. Box 203.E, Star Office. Investments First mortgage notes, 6% servatively appraised, new buildings in Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years Construction Loans With Conversion Privilege All in_One Operation and Only One Reasonable Fee. Builders can now finance con- struction and satisfy their pur- chasers upon completion without seeking a new loan. SHANNON & LUCHS Mortgage Loan Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 First OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eve 8t. N.W. Phone NA. 2184 FIRST TRUST LOANS LONG TERM 3% $560 per month per $1,000 includes interest and pay- ment on principal. Pays loan in 20 years. No renewal. ALSO 3-year straight loans and construction loans. BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K St. N.W. NA. 9300 ON IMPROVED refinanci not mad Interest balance B UILDING Organiz you Build, Refinance or NQ...CO.““O.’OQOQOOQO0.0000‘000000‘000. $7.50 per $. Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or ing. Loans repayable monthly. No charge for appraisal if loan is e. charged only on unpaid of principal. E QUITABLE CO-OPERATIVE A SSOCIATION 915 F STREET N.W. ed 1879 REAL ESTATE LOANS NO COMMISSION OR RENEWAL FEES Monthly Payments as Low as $7.50 Per $1,000 Consult us if you wish to obtain money to help Modernize Your Home. ENTERPRISE BUILDING ASSOCIATION 7th St. and Indiana Avenue N.W. MEMBER OPF D O. BUILDING AND LOAN LEAGUE MEMBER OF U 8 BUILDING AND LOAN LEAGUE - T0 PURGHASE, Iml.ll OR REFIIAIGE Easy Monthly Payments as low as 1,000. our economical loan plan. COLUMBIA BUILDING ASSOGIITIOI J16 11th Street Opposite Palais Royal