Evening Star Newspaper, July 7, 1937, Page 19

FINANCIAL, ) A 5 ) o FINANGIAL. she A—19 m Combined Deficits of the of the Last Seven Years Over 22 Billion Dollars CURB SHARES EDGE QUIETLY HIGHER Utility Issues Take Lead. Some Sections Hold Back Slightly. By the Associated Press. NEW YORK, July 7.—Led by the utility group the curb market moved quietly forward today. Some sections of the list held back a little after Tuesday’s spurt, but traders were gen- erally in a buying mood. Electric Bond & Share climbed over 8 point, while American Gas & Elec- tric jumped slightly over 2 points. Hudson Power, A” and Ameri- scored fractional Arkansas can Superpower gains. Oils were also in demand and worked a little higher. Humble Oil &nd Sunray edged up while Creole and | Cosden held steady. Pantepec slid | down a minor fraction. Aluminum Co. tilted down a point | or more and American Cyanamid “B" improved nearly a point. Gainers in- cluded Hudson Bay Mining, Sunshine Mining. United Wall Paper, Consoli- dated Copper, Fairchild Aviation and | Cord. After yesterday's spectacular leap of 8 points, Pan-American Alrw: was unchanged. CURB BOND DOMESTIC BONDS. Hien, Low. Noon. Ala Power 17, PR Ala Power Ala Power Ala Powe, Alum Co : Alum Co Lia Comw E Comw Ed i Cfvn Pb Sy Det In B s East G & F it 2l M E Minn P&L Minn P &L 104 11045 703 70 7Y 70 0% 70 G815 &1 X 68 10074 101 C104% 10415 101% 108 308 108 80 Unit Lt & Pw 6s Tnit LYR W 5125 Unit L& Wis P& L s York Rwy Co os FOREIGN BONDS. Bad Con M 7s '3 g0t M B 7s nt Bw Ger 61 Col Agr M B FnRMB Ger Con Mun 7 Gestueral 6 - Guant & W Bs Bantiaz Cnils 25 ‘30 CHICAGO LIVE STOCK. CHICAGO, July 7 (™ (United States De- partment ‘of Agriculture) —Hoss. 13,000 cluding 2.000 direct: good and choice 05, steady to shade lower: "heavy butchers and packing sows wslrl'y 10-1 250 ‘pounds down, off after few early sales: -pounds, 2603 ew heavy sows down to 1 Cattle. 9.000: calves, 1.500: almost a funaway market on fed steers and year- inss. all representative weights selling at :a new high on crop: icents advance: top, 16.60 on_weighty fe ateers: prices. 16.50: nimer- jous loads. -00-1 arlings. 116.00. and heifer yc-rhnu 14 68; wrassy native steers, wn to K.50. these {haring advance: all she_ stock, ot Ted and grass offerings, strong to 26_higher: , Bulls Steady and vealers strong to 25 high- ber at 900-10.00: weighty sausage bulls. up {10 7.15: about 600 head Texas-bred calves jand vearlings sold to country Tuesday at 9.85; stocker trade remains firm. 7.01 including very active at * | Comunty P§ t1__ By private wire direct to the Star. __All time shown below fs daylight saving on which the Exchange is now eperating. 2:3 Stockand Sales— Dividend Rate. Add 00. High. Low. Close. Aero Supply B _. 4% 4u 4u Afnsworth b30c 1313 14 Alr Device Corp_. 2% 2% Air Investors 4 Ala Pwr pf (6 6015 603 Alabam Pw pf(7) 160s Aluminum of Am 1508 Alum Ind (40c) Aluminum Ltd .. Am Afrlines Ine. Am Centrifugal [AmCP&LA (3 | AmCP& LAww?2 | Am C P&L B b3oe + Am Cynm B t60c Am & For Pw ww. Am G&E (1.40) | Am Gen (a50c Am Gen pf (%) Am Laund M 80c_ Am L& Tt1.20 _ Am Mfg Co (b2)_ | Am Maracaibo | Am Seal Kp a30c_ Am Superpower __ Am Superpwr.pf_ Am Thred pf 25c_ Appalch EP pt 7. Arcturus Radio__ | Ark Nat Gas ’"n | Ark Nat Gas (A)- 8 |Ark:\ath\lv£ R i a8 Art Met W (80c)_ 1111' Asso Laundries._ Al Cst Fish b3se. Atlas Corp war Atlas Plywd 133, Austin Silver ___ Auto Product: Avery & Son Axton-Fisher A. Babcox & Wil 4 Bald L bd rts(d)_ Bardstown Dist __ Barium Stain Stl. Baldwin Rub 50c Ba'n L7% 1sta7. Beech Aircraft Bellanca Aircraft Bell Tel (Can) (8) Bell Tel Pa pf 6% Berkey & Gay __. Berk & Gay war_. Bliss (E W) Blue Ridge(bl5c) Blue Ridge cv §__ Blumenthal ( Bower Roll B(2) _ Brazil TL&P bi0e | Breeze Inc(aTic). Brewster Acro Bridgpt Mch b2ie Brill Corp (B) Br Am Oil con (1) Erit-ATecuB bise BrownCopf ___ Brown F (bd0e)_ Brown Forman ._ Buff N& Eist5_. Buft N&E pf 1.60 Bunker HI&S 11, Cable& Wire A Cables & Wire B_ able & W pf b2oc an Car&Fdy pf_ Can Ind Alco A Can Marcont Cap City P 60c Carlb Synd(b30c) Carnegie Metals_ Caro L&P pl(6).. “arrier Corp - tle A M (2)_ 1in (a40c) Celanese 1st $7._ 17 Celluloid Corp Cen Hud G&E 80c | Cent Oh stl b30e_ Cen P&Lpf bi 81 Cent &S W Util_ Cent States El Cent St E1 6% pf_ Centrif P t40c | ChamMetw s 180¢ Charls (1% Chi X thl (4) | Chi Riv&M b30c | Chief Con Mining | Cities Service.__. Cities Serv pt. Cities Sve pf BB | Cit Sv P&L $6 pf_ | Sv P&L $7 pf. 3 | City Auto (160c) | Clark Controll b1 | Claude Neon Lts_ Cleve Tractor Clinchfield Coal - Club Aluminum__ | Colon Dev Ltd-__ on Develop 6% pf (30c) __ Colo Fuel&l war- Colt’s PFA b7 Col G&E cv p( H) | Colum O&G a20e Comwlth Dist Comnuty P& 508 1008 | Consol Copper__ 118 C GEL&P Bo 3.60 Cons Gas Util __. Cons M &S (11) .. Cons Retail Strs._ Consol Steel Contl Roll&S Fy_ Cooper Bessmer_. Copper Range _ Copperweld S(2). Cord Corp Cosden Petrol Cosden Pet 5% pf Courtl'ds b25.1¢ . Creole Pet 1(50¢) Crocker-Whalle. Croft Brewing Crown Centa6c__ | Crown Ck Int A 1. Crown Drug Co _ Crystal Oil R pf_. Cusi Mex Mining. Darby Pet (50¢)- Derby Oil & Ref Derby O&R pf b2 Det Gas pf 1.20 __ Det (Mich)Stove_ Det Pap Pr t25c. Det St Prod b Diveo T Trk (40¢; Domin Steel Draper (72.40) _ Dubelier Conds_.. Duval Tex a50c.. Eagle P Ld b20c.. Eastn G&F Asso. Estn G&F A pf 3 y b5 El Bond & Share. Elec B&S pf(5) ElB&S pf (6) El Pw Asso bl5c_ El Pw As A bl5c_ EIP&L2d pf A __ El Shareholding_. Electrol Inc v te. Flgin Natl W b1_ Emp G&F 8% pf. Emp Pw pt b50c_ Emsco Der t1__ Equity Crp a25c.. Eureka PL (4) .- Evans Wall Ld _ Ex-Cell-O (b40c) Fairchild Aviat. Falstaff Brew _ Ferro Enam b75c. Fidelio Brewery _ Fire As Phila t2_. Fisk Rubber. Fla P&L pf... Ford(Can)A(1) Ford(Can)B(1)._ Ford Ltd b21.3c_. Froed G & M 160c Froedt cv of 1.20 Gen Alloys Gen El L a363%c. Gen Firepr b3c_. Gen Invest Gen Tele (b25c) Gen Tire & Rub_. Georgia Pw pf 6. Gilb't AGm623sc_ Gilb't AC pf 315 Glen A Cb12%c.. Godchaux Sug B. Goldfield Consol.. Gorh'm vte bi5c_. Grand Natl Flms. Grand Rap V (1) Gray Tel PS (1) Grt A&P T nv 16, Greenfield T&D _ Guardian Invest. Gulf Oil (b50c) - 708 5 258 508 100s 1 28 508 13 4 4 Gulf St Ut pf 6%. Harvard B: Hat Corp B 806__. THE EVEN. 2:30 Btock and Bale es— Dividend Rate. Add 00. ) Hazeltine b75c Hecla Min b45c _ Hewitt Rub b50c. Heyden Ch (12) Hud Bay M b7sc Humble O11(1% Hygrade Food P~ 11l lowa P pf 214 _ Ilhinots Zinc b25c Imp Oil Ltd ti0c. Ind'n T I'l O(A) . Ind Sve 6% pf Ind % pf . Insof N Am t Intl Hy E1 S pf . Intl Pete (11%%)_. Intl Radio b25c._. Intl Util (B) Intl Vita (50c) ___ Interst P Del nf Iron Fire vtc 1.20 Irving Air Ch (1) Ital Superpw A __ Jacohs(FL)bi0c | Jeannette Gl a60c Jer CP&L pf 6 . Jer CP&L pf 7 . | Jones & Laugh st Kan G&12 Ken Rad A h37lac Kings CLpt B7. Kingston Pr 4uc .. Kirby Pet(al0e)_ Klein (D 1) (i1) . Kreuger Br (1) . Lake Shore (14) Lakey Foundr: Lane Bryant p ' | Lieh Coal&N 30c.. Leonard Ofl = Lion O1l Ref (11) Lit Brothers Locke Stl C 180c Lockheed Air Lone Star G 80¢ Long Island Ltg_ Long I L f A(7). Loudon Packir Loutsana Ld 40c_ Lynch Corp (12). McWillms D 2 Majestic R&T Marion Stm Sh_ Massey Harri Merritt Chap & Mesabl Iron _. Mich Bumper _. Mich Gas & Of1_ Mich Stl T bite Mich Sugar Mich Sug pf b Mid Sta Pet (A) . Mid Sta P vie(R) Midvale Co (12) _ Mid W Abraloc_. Midwest Oil (11)_ Mining Co (Can)_ | Molybdenum Mont Ward A(T) Moody pt pf(3) Mount C (a2le) _ Mount Prod(6fc) Murry Ohio bic. Cont (h30c) . “uel Gas (1) New Hav Cl 1% _ Y & Hon b1, Y Tel pf (615) NJ Zine (+2) New M&A Ldalc ewmont M b1y NY Merch (80c) iag Hud Power ag HP1stpf5 iag H P(A)war Niag H P(B)war iagara S B blic Niles-Bem-P (b1) Nipissing (b25 Noma EI (b40c) . North Am L& P_ Nor Am L&P pf . 0 Am Ray B bl_ NIPSTpfhas. Northern P L T3¢ Nort States P A - Ohio Oil cu pf(6). Ohio Pwr pf (6)_ Ohio PS pf A(7)_ Okla Nat Gas _ Okla Nat Gas pf_. Oldetyme Dist - Pac GRE1st 1% Pac Tin spe (12) . | Pan-Am Air (t1) Pantepec Oil arkbe R&R hioe T l‘a Edis pf Pennroad (a Penn G&E(A)11} Pa P&L pf (7) Tenna Salt h3% Pepperell Mfg 16 Perfect Circle t2 Thila Co (bbic) - Phillips Pkg a30c Phoenix Secur Pierce Gov b3fe . Pioneer Gold 40c_ Pitney Bow#t40c_ Pitts Forging Pitts & L E b4 1, _ Pitts P1 Gl(b2%3) Plough Inc 1.20 Potrero Sugar Powd'11&Al bsc_ Premier G t12c.. Tressed Met 12_ Producers Corp Prosperity Ballg Prudential Inv Tub Sve Col pf 6 Pub Sve Ind pf__. | Pub S Ind prpf _ | PubS NInp@3)- Puzet Sound P&L $5 pf b6 1508 7 1 1508 1508 at P&L pf (6) . Pug Sd P&1 $6 pf 3 Rayma Con (1) Raym’d Con pf 3_ Red Bank Reed Roll B +80c. Reiter Foster . Reliance El bj0c Reybarn (bl0c) .. Reynolds Invest_ Rossia Intl Corp_ Royal Type (b4)_ Rustless | & Stl_. Ryan Consol Ryerson&Haynes St Regis Paper St Regis Paper pf Samson United _ Scovill Mfg (b1)- Segal Lock & H _ Seiberling Rbber. Selected Indus .. Sel Inalletf 5% Sel In pr pf(515) Seversky Alr Shattuck Den __ Shawin W&P 80c Sher-Will (14) Sonotone (al0c). Soss Mfg (50c) ... So Pa Oil (t1%)_. SoCal EdvfB1% Sou N E Tel (8) . South Union Gas. Soutl'd Roy b20e. Spencer C S b75c. Stand Cap t1.60 . Stand C S pf 1.60. Stand Dredging. Stand Ofl Ky t1._ Stand Ofl Ohio t1 Stand O Ohio pf 5 Stand S& L (4c)_ Stand Stl Spa214. Stand Tube (B) - Starrett Corp vto. Stein A&Co 1 _ Sterchi Bro a30c_ Sterchi Bro 1st 3 Sterchi 2d (b50c) Sterl Alum b25c_.. Sterling Br bl0c_ % | Sterling Inc t20c0. Stroock & Co(2) Stutz Mot C (d) _. Sunray Oil (b5c). Sunshine Min(3). Swiss Am El pf__ Taggart Corp Tampa El (2.24)). ‘Taylor Dist 30c_.. Technicolor a50e. 3008 1508 8614 105 108% llm R i an 143, 5% 4% 87 104 108+ 24" 16% 144 100 By S NEW YORK CURB MARKET “105 1083, 241y 60 5 6 16% 141 494 100 Bty ll(‘ “ 109% 110 14 ER 8% 14 51 4% 5105 10415 105 18 6 6 1. 2508 2 13 1 1 10!155 155 155 & 091 00 BBt i GO RO 1O I O 13215 1 43 2T% 27% 4 130% 132'% 1y 7 43 27% 3% 1% T 43 27% 31 20 18% 18% 18% 114 114 114 11 104 TAR, WASHINGTON, D. C., CHASE REMAINS LARGEST U. 5. BANK Both Resources and De- posits Lead—National City in Second Place. B» the Assoctated Press. NEW_ YORK, July 7.—Chase Na- tional Bank is still the largest bank in the Nation, both trom the stand- point of resources and decposits, its midyear statement showed. June 30, against $2,562,182,000 six months ago and $2,356,357,000 a year ago. Deposits were $2,136,387,000, against $2,286,209,000, respectively. Loans and discounts on June 30 were $809,978,000, an increase of $38,000,000 over the figure on December 31 last and a gain of $160,000,000 over last year at this time. National City Bank, second largest bank in the country, is a “two-billion” dollar bank again from the standpoint of resources, its midyear statement showed. Resources on June 30 aggre- gated over two billions since 1929 when they totaled $2,206,241,000. Six | months ago resources were $1,904,- 799,797. Deposits on June 30 were $1,807,822,047. Loans, discounts and bankers’ acceptances were $710,217,081, an increase of $151,868,000 over the total on December 31 last and a rise of $158,286,000 over a year ago. NEW YORK COTTON By the Associated Press. NEW YORK, July 7.—Early rallies | morrow’s Government agency report | were followed by reactions under real: 12ing, promoted by a more favorabie view of the weather and moderately increased hedge selling. Renewed sup- port appeared on the decline. October cased from 1220 to 12.08, and in midafternoon was selling at 12.14, with prices generally 5 to 8 points net higher. Futures closed steady High Ly 1 1 1 1 1 Spou steady; midd New Orleans Prices. NEW ORLEANS —Cotton atel: 0 fears | c ot The ‘belt | betier textie Teports and A’ rumor of & | small’ private crop estimate i trades were G poiits up on all verpool was lower than expected. but exerted no influence at Octoher opened ‘at, | | 1216, January at 1217, y at 12:21 ‘Srvall baging ordecs d after the start and Jul ssed ent_ line to 12.01. with actl f the first half h INSURANCE STOCKS NEW YORK ¥ Dealers g P —New York Se- Association: Bid F) LI(! C.Roay auit (1°60a) Am Reins 402y | Am Reserve «la) Am Surety” (213 1) Amer (20a) Carolina _ (1.50) | ity of N Y120y Conn Gen Lif (&) | Contin’ Cas™ 1209 Fid & 4) Firemens Nwk (30) Frank Pire (1a) _ Home ‘Tns (1a) ‘Hnnmmn 1) | ki o Sprinzfield 11> Sun Life (:'50) Travelers U S Fire (2 Westchester (1.20a) a—Also exira or exiras &—Declared or paid so far this year. FREIGHT LOADINGS. NEW YORK. July 7 (.—Revenue freight carloadings on railroads reporting today for the week ended July X, included 4 (2 Ghiy ML st N. ¥, ntral W N Pitts. & L. Erie Ches. & Ohio e Fere ‘Meara.>" Southern Pac Stock and Sales— Dividend Rate. Add 00. ‘Tech Hughes t40¢ ) Texon Oil&L 60c. ‘Thew Shov a50c_. Tilo Roof Inc (1) Tob Prod Exp 150 Toledo Ed pf A 7. Tonopah M aéc _. Trans-Lux t20c . Transwest Oil Co Tri-Contl C war ‘Tubize Chatil Tung-Sol Lam Ulen&Co 5% pf Ulen&Co 7% % pt Un G Can b27%c. Utd Air war Utd Corp war.. Unit Gas Corp. Unit Gas war __. Unit Lt & P (A)_. Unit L& PpfA . Utd Shipyards A Utd Shipyds B Utd Shoe M 121, 350s Utd S Mch pf 1.50 10s USFollB(1).._ 1 US Lines pf US Play Cards t1 2001 US Radiator U S Rub Reclaim. U S Stores Unit Stores vtc .. Unt Ver Ex (b1). Unit Wall Pbl5c_ Univ Cons Ofl al. Univ Corp vtc .. 1 Utah P&Lpfb1% 258 Utilities P&L(d) 24 Util P&L pf () .. 11008 Utility Equities. Utilities Indus ... Util & Indus pf__. Valspar pf vtc. Venezu Mex... Venezuela Pet _. Va Pub Svepf 7 ‘Waco Afrcraft Walker Minmg _. Weisbaum BB 40c Wentworth blbc. W VaCoal & C _. Westn A E(a25c) Williams R C 60c. Will 0il-0O-M a50c Wil-Low C pf(d). ‘Wilson-Jonesn_.. Wolverine b40c .. Wright Hars t40c Ygstn St1 Dbl 67% Yukon Gold (béc) 3 2% Dividend rates In @oliars based on last flulffl! or uml-mml payment. tAn- TAte—) Ing l!tl‘ll 1Ac- A ‘.':;m:a.., S ot bankrus & belne 'Te %bu?rxu \ High. Low. Close 4% 4K 4%x 5% 5% 5% 58 58 58 1313 1314 13% 37 3% 101 101 1 1% 258 4% 11% 3 2 1 4 6 1 13% 6% R aamane~ Resources totaled $2,426,554,000 on | in cotton today on covering before to- | - | were described as | Old roosters, 14. Surplus or Deficit for the Fiscal Years Ended SURPLUS 1922 — $314,000,000 1923 — 310,000000 — 05,000,000 251,000,000 378,000,000 636,000,000 399,000,000 185,000,000 DOLLARS. DEFICIT General Motors To Build Service Plant in Jersey Py the Associated Press NEW YORK, July 7.—Construction will start shortly on a new Eastern | service plant for Inland Manufactur- ing Division of General Motors Corp. lin Clark township, N. J., it was announced today. the State, will be a branch of the Inland Manufacturing Operations in | Dayton, Ohio parts, such as steering wheels, running boards and motor mountings for ship- | ment to Eastern assembly plants and for export. The plant will cover approximately 100,000 square feet of floor space and will employ 200 to 300 workers. Con- struction is expected to be completed ;vuthm about 90 days after work com- | mences. MOISTURE NEEDED IN WESTERN AREAS Nearly All Sections From Texas and Eastern New Mexico North Reported Dry. By the Astoctated Press. Weather Bureau crop experts re- ported today that sizzling tem- | peratures over the great plains “have made the need of moisture rather urgent in many places.” “Rain is now needed in nearly all sections from Texas and Eastern | New Mexico northward to North Da- {said. It added dry weather had in- | creased grasshoppers which were doing | heavy damage in some sections.” speculative grain prices skyward. caused “heavy damage” in parts of the Winter wheat belt, and local in- fections in the Spring wheat area, | the bureau said. Winter wheat yields “very disappoint- ing” in Indiana, and the crop has been hurt in parts of Illinois, Northern 7| Missouri and Nebraska, 5| The Weather Bureau said the corn | crop had made good progress although rain was needed to stop curling and firing in southwestern parts of the corn belt. UTILITY MERGER ASKED. NEW YORK, July 7 (Special).— Metropolitan Edison Co. of Reading, Pa., has filed an application with the Pennsylvania Utility Commission at Harrisburg to merge Glen Rock Elec- tric Light & Power Co., serving Glen Rock and a few adjacent communities, BRITISH FUND APPROVED. LONDON, July 7 (#).—Royal ap- proval was given to the government's exchange equilization account bill yes- terday after passage by the House of Lords. The measure is designed to add £200,000,000 ($1,000,000,000) to the equalization fund to help Britain fulfill its monetary agreement with the United States. NEW YORK PRODUCE. NEW YORK, July 7 (#.—Egg steady. Mixed colors, r1-\nedmms ther mixed colors unchan = 509, Eiamery, higher i firm: prices unchanged. v, by freight. about steads. Broilers, Rocks, 21-22: Leghorn, unauoted. Other freight’ prices un- Leg- 7-19: 18220} Qther changed. By expres Broilers. 9 23: Reds, crosses. 5 wie. 2 galoted: Léghorn. o vonstere 14. express prices unchanged. Dressed _poultry irrégula Fresh— Ghickens (boxes). brailers. 17 i ryers s Fow Prnun—cm: {hoxes). bro . - fryers, 17'4-2. Fowls. ‘A0. 1813-231. Other dressed prices uncha un:mmud pounds, IR U. S. TREASURY NOTES. NEW YORK. July 7 (P.—Prices quoted in dollars and’ thirty-seconds: Approx. Rate. Maturity, Asked. yield. Vo Sept.. 193 100- NEW YORK SUGAR. YORK, July 7 ().—Sugar futurej were somewhat No. contract contract. trade covering. reacted sion house liquidation: piember No. 3 héld_around: 2.55. or unchenged from' the previous close. while 8eptember No. 4 eased from 1.23 to 1.22. or Y point net lower. METAL MARKET. NEW YORK. July 7 (& —Copper steady; electrolytic. spot ll’\fl future. 14.0 ri. 14,40, "Tin ‘frmer: spot -na hear- g 7hRTI; Twre. 5 Tead Deads: New otk spot. . Louis, spot, 5.85. : Louis, spot and future .35 Iro antimony. auicksilver, Dllunum ite unchanged. ODD-LOT DEALINGS. By the Associated Press. The Securities Commission flgor(!d to- duy these odd-lot transactions by dealers ‘Trer gtoc Eachanee tor f am 2les to bt e hange for July voiring 1 Exc tomers. lnvalvlu purchases, in 1931 Rust-plant disease, which has sent | YWED\'ESDAY JULY 7, 1937 June 30, 1922-1937 DEFICIT Admin Fd Corporate | Corp Ti Diversified i | Exeiity Found Tr | Fung v Fund Tr Group Sec Group Sec Group Group Group Group Group Sec Sec Sec Sec Sec In K. Stand Am Stand Ul Supervised Wellington steady mercial ] steady: per cent rediscount 115 er ce 1 opened Depos Ins Shn The New Jersey plant, sixth manu- | Depos Ins Shrs * NEW YORK. July 7 paper. 1 September. Bid ~ $_903,000,000 1932 — 3,152,000,000 1933 — 3,068,000,000 T1934 — 3, mmm ——1935 — 3,575,000,000 1936 — 4,764,000,000 —1937 — 2,800,000,000 INVESTING COMPANIES NEW YORK, July 7 (P1.—New York Se- curity Dealers’ Assoclation: (Noon quotations.) 2nd Inc Gen Eq Inc Am Ins Stocks =-_" Bancamer Bla| Bankers Nat Ty Cnrp Basic Industry Trust Gorporate Trust A A~ Corp Tr Accum Ser- orp Tr Acc mod near Cranford, | &orp v, Acc o i Depos Bk Sh Y. ) Tr C facturing unit of General Motors in |Dividend Shrs = Equity Corp $3 pf _ Fund ' nc First Boston Corp Fiscal fund Bank 8hrs ixed Trust It will stock Inland | Piscal Fund lnm—.nc' | Fixed Trust 8h B Sh A Fund Investors Inc hrs hrs B General Capital | Corp Gen Investors Aarichiture” Automobile _ Sec Building _ Chemical Bec Food o 5 Invest Shrs Merchandise _ Mining Petroleum _ Sec R Sec St Incorp_TInvestors Insil Sec Bank Group Instl Sec Insurance estors Fd “C" Inc N e Sec Nation Wide Voting Natl Investors , E | Sclected “Am Sh Inc kota and Montana,” the crop survey | Spencer Trask_ Fund Tr Inc 8hrs Buper of Am T) Shra Trustee Stand Inv C Trustes Scaud Tnv D Trusteed Am Bk Trutieed fuduscry Shrs Pund MONEY MARKET. 7 (®.—Call per cent all da pe time days months anker rate: “New MONTREAL SILVER. MONTREAL. July 7 steady 5 lower. July 44.30b; December. 44.25b. money prime com- \Furk Reserve Bank. (@ —Silver futures 44.55b; Government BIG GAINS SHOWN BY CHAIN STORES Early Reports Indicate June Volumes Wall Above 1936 Levels. By the Associatea Press. NEW YORK, July 7.—First reports from chain stores today reported sube stantial dollar gains in June sales, compared with last year, though a part of the increase was attributed to higher retail prices, Sales of P. W. Woolworth Co. in June totaled $24,236991, a gain of 3.6 per cent over a year ago and the largest June sales on record. Previous high for the month was $23.609,078 in 1929. Woolworth sales for the first Cattle and Hog Prices Climb to Peaks at Chicago By the Associated Press. CHICAGO, July 7.—Live stock feed- ers today obtained record-breaking high prices for cattle and hogs. Buyers paid tops of $16.65 per hun- dredweight for cattle and $12.75 for hogs This peak in cattle surpassed all highs since early in 1930 and was 35 cents above the previous 1937 top touched in April. The hog top equaled yesterday's high mark, which was above all pre- | vious peaks here since 1928. Today's top was paid, however, on a declin- ing market for some classes of swine. High prices also were being paid for sheep. Choice native Spring lambs were quoted at a $12 top, only & dollar below the high paid for lambs [ earlier this year, establishing a record for the last seven years. DIVIDENDS ANNOUNCED NEW YORK. July 7—Dividends de- clared. (Prepared by the Standard Sta- tisties Corp.): Increased. - Bik. of . record. Ho Aloe (AB) Co _ A Modine Mfs 275 Trans-America Corp 3! Aee ted, Walker Mfs $3 ev pf 75c __ Extrs. Am Eauit Assur NY__10¢ . Waukesha Mool c Welsbm Bros-Brower 15¢ Initial. London Tin Corp Neisner Bros cv pf Nunn Bush 5% p{ Bloomingdal 3% bt 1187, 98611 Q Sunray Oil ___ Am Eauit Assur NY__40c Caiamba Bug Estate _ 40 Do 7% pf 351 Cerro de Pasco Cop N Y Merchandise Nunn' Bush Shoe_ Onomea Pirelli Co It Spiegel Inc Do $4. - r 5 | ster1 i Bloa Weisbm' Bros-Brower 10¢ @ Do 10c 9 Charles E Hires H aning Maxw & M 31050 3 Froctor & Gambier *'50¢ Q BOSTON WOOL MARKET. BOSTON July 7 (# (United States De- partment of "Azriculture).—Domestic wool auotations were firm today though trade was extremely limited. ~ Fine Ohio Dela was quoted 40 to 42 cents in the grease and scattered small [ots were sold through Boston houses ai prices within this range. Western grown wools were mostly quiet. but firmly quoted. Mill buyers showed little interest and the occasional inguiries were for wool that could be bought in the coun- try. Bids made by these inquirers were | under spot auotations in Boston and other ‘huytn reported the requests difficuli to half of 1937 aggregated $133.879,890, 8 gain of 7.3 per cent over the like 1936 period. Record-breaking June sales were also reported by Spiegel, Inc., Chicago mail order house with businesscentered in the Middle West and East. Spiegel June sales amounted to $3,915,602, largest for any June in the company's history and 40.2 per cent above ths like month of last year. For the first half of 1937, sales totaled $23,863,938, & rise of 34.3 per cent over a year ago. June sales of $3,740,000, an increase of 45.5 per cent over a year ago, werg reported by Western Auto Supply Co., parts and accessory chain with stores in the South, Southwest and Middle West. For the first six months sales [ totaled $15,620,000, a jump of 63 per cent over last year. June sales of McLellan Stores, variety chain, totaled $1.820.972, a gain of 1.3 per cent over the like 1936 month. Sales for the first five months at $8.342,067 were 89 per cent above the like period of last year. Jewel Tea Co., grocery distributars, reported sales of $1,739.029 for the four weeks ended June 19, a rise of 14.8 per cent over the like 1936 period. For the 24 weeks ended June 19 sales amounted to $10,543,712, a gain of 15.9 per cent over a year ago. H. L. Green Co., variety chain, ree ported sales totaling $2,804,531, a gain of 6.9 per cent over June, 1936, Sales for the first five 1937 months, at $12,- 877,860, ran 11.3 per cent above the like 1936 period. The Middle West and Eastern varis ety chain of Neisner Bros, Inc, ree ported June sales aggregating $2,064,= 050, a gain of 6.3 per cent over last year. Sales for the first six months were $9,934,799, an increase of 7 per cent over 1936. McKesson & Robbins, wholesalers and manufacturers of drug products, reported sales totaling $13,503.872 for May, a rise of 19.3 per cent over May, 1936. Sales for the first five months were $70,131017, a gain of 182 per cent over the comparable 1936 figure, NEW YORK BAR SILVER. NEW YORK., July 7 () —Bar silver steady and unchanged at 447, — R —— Money for Constraction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 PRINTING Letterpress or offset to meet your require- ments. Esti- mates extended ot your request. NATIONAL CAPITAL PlES#I 3RD AND N KE. LINCOLN 6060 1 THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK Statement of Condition, June 30, Casst axp Due rrom Banxs RESOURCES U. S. GoveaNMENT OBLIGATIONS, DIRECT AND FVLLY GUARANTEED STATE AND MUNICIPAL SECTURMIES OtHER Bonps AND SEcurimiEs . Loaxs, Discounts AND BANKERS' AccEPTANCES Banxing Houses MorTGAGES . OTner REAL EsTATE . D Customers’ AccepTance Liastirry . OTHER ASSETS Carrras Fuwps: CarrraL Stock SurrLus Unpivioep Prorirs Reserve ror ContingeNcres . Reserve ror Taxes, INTEREST, ETC. Derosits . . . . AccePTANCES OUTSTANDING LiasiLrry As ENDORSER ON ACCEPTANCES AND Oruzr LiasiLiTizs . LIABILITIES 1937 . $ 685,719,65.00 618,839,776.85 55,046,899.84 160,690,742.31 809,978,015.46 38,006,949.27 4,901,381.97 11,965,269.58 25,080,275.32 12,325,458.04 $2,426,554,424.64 —_— $100,270,000.00 100,270,000.00 27,949,972.58 Foreioy BiLLs $ 228,489,972.58 17,747,941.65 1,810,642.17 2,136,387,408.97 28,401,309.96 8,262,300.92 5,454,848.39 $2,426,554,424.64 United States Gevernment and other securities carried a¢ $197,410,591.49 are pledged 10 secare pablic and trust deposits and for ether purpeses as required or permiteed by law, v Member Fodevel Deporkt Insurance Corporation