Evening Star Newspaper, July 8, 1937, Page 21

o Schmidt ¥INANCIAL, ALLEGHANY BONDS HOLD' SPOTLIGHT Advances of 4 to 8 Points Follow Forecasts of Merger Plans. Bond Averages 20 10 10 Rails. Inuuw util Net change. Unc. +.2 —2 Unc. Today close. 93.0103.0 986 72.9 Prev. day... 93.010:3 968 72.9 Month ago-. 93.7103.3 98.1 2.8 Year ago... 92.3103.11024 690 99.0104.4 1028 74.7 90.9102.2 958 70.5 98.2104.4103.1 73.0 86.9101.8 99.3 67.6 458 40.0 64.6 422 1828 high__101.1 98.9102.9 100.5 10 Low-Yield Bonds. Close -._._110.7 Prev. day.110.7 Month ago 111.0 Year ago. 111.8 1937 high_ 113.7 1937 low.. 1084 1936 high. 113.5 1936 low.. 110.2 1928 high. 1044 1932 low.. 86.8 10 F'an (Complled by the Associated Press.) By the Associa‘rd Press. WEW YORK. July 8.—Loan, leghany Corp. keld the bond spotlight today ing from 4 to 8 poi The move of announcement la for merging the compant peake Corp. was said the ; 1 offer favorable exchange terr leghany senior securit was LW u!d o Al- The general list was uneven. A few rails pushed up o ne 1s for the mid-year advanc These included Southern Pacific 4',s. Frisco 4'2s and Great Northern 4! Foreign Power 5s moved up about 1%. United States Governments tinued to edge higher in quiet deal- Ings. Final hour range was up 1-32d to 9-32ds of a point. The foreign list Was Narrow. MAYTAG DIVIDENDS DUE. NEWTON, Iowa. July 8 (#)—The Maytag Co., washing machine mant facturers, voted today a reqular qu terly dividend of $1.50 a share on the first preferred stock and 75 e~nts per ¢ ghare on t preferred stock. The dividends are pavable At gust 2 on ¢ of record July 16. DIVIDENDS ANNOUNCED NEW YORK 8 D ela (Prepare Star < §iees corp Balt Amer Insur National Liberty Ins Increa Outboard Mar & Mig Initial, 8ilex Co new no par common 5c S-18 10¢ 816 8-10 810 Am Chicle Co Am Reeerve Insur 5 Japan 61.s U +Jugos Mt b Dodu San Francisco Bank Brev Toburn Goid Mines ‘Washington Oil Amer Mach & Fndry Chase Natl Bank Gude Winmill Trading e 8 Homest tac M Intl Cigar ) Pacific Lightine. Bpencer Chain Strs 8-is | i-15 331 NEW YORK BANK STOCKS NEW YORK. July X ——-New York Se- eurity Dealers Association (Quotations as of 2 o'clock.) Guarant Irving Tr Manufact Manufacturers’ Natl City (1) xd N Y Trust (3 Public (11, Title G & T xd—Ex-dividend. PARIS BANK CHANGES PARIS, July § .—The Bank of France statemen: for the week ended Jui millions of francs): Gold reserve, S nah Jecreace Sight _balances’ abroad, 1, unchanged. Bills purchased abroad, 7 3. Discounted commerciai Dille. France. 8.766: increase. A4b. Te porary advances lo siate (prior to 36). 12,166: de se, 13, Temporary 5. 10,000 Advance: increase Circulation Total crediy to (4117 de e, 3802 e s AMVanceS anaineL . Clovernment seeurities. 1.37:: increase. 601. Rate of discount, § per cent. (Rate was reduced %o 5 per ceat July 6.) cutrent accounts s V. S. TREASURY POSITION. By the Associated Pres.. The position of the : Receipts. 008, 1 5 Treacuiy on July 5480 Telaiae 411 of ditures; excess of expendi- 146,18 gross debt an increase of Sab, zold assets. S1.143,0: NEW YORK. July & tures were irrezular today om carlier advances ation ang i 4 05 and ine the 1o o roaie 1'2 points pm. 'z 1o 15 eral list at 2 lower. was auiet ruling ar METAL MARKET. YORK. July & (7\.—-Copper electrolytic.”spot and _future. 14 fteads: ex. L R0 Fr steady, Eas‘l 3 is, spot and future. & ron. alum: | b, antimony. Quicksiiver pializum and | wolframite unchanged. o LONDON BANK REPORT. LONDON. July 8 (#.—The Bank of England statement for the week ended July 7 (in thousands of pounds): Circulation 404424 45950 ullion 3 serves Public deposits Private deposits 1 vernment ~securities ther securities Proportion _of the bani Bility is ) per cent, 28100 last” weel Rate of discount. 2 per cent. 165 i 'n < AR AL FREIGHT LOADINGS. NEW YORK. July R . —Revenue freight | car loadings on railroads reporting today for the week ended July 3 included July rey. WK. Vear ag 10: & CALY XONTREAL SILVER. T dyg, £t e 44780 gen Senumbe. 44.50 T, [ 116410 American & | con- | against securi- | expendi- i 2 | A T&S Fe 4500 ° to ared with | By private wire direct to The Star. All time shown below is daylight on which the Exchange is now operating. Approximate Transactions Today. U S Gov't Bonds. 640,000 Foreign Bonds .___" 1.060.000 Domestic Bonds__. 7.560.000 TREASURY. 2159104958 23,8 1945-47 38 1946-48 38 1951-55 314 1049-52 31,8 1941 31,5 1944-46 33,8 1041-43 Mar 43 1041-54 -31,9°43-45 10 106.10 106, 106.11 106.11 106, 11118 111.17 111, 106.18 106.13 106. FEDERAL FARM MORYGAGE |3s1047 331940 381949 reg 3331964 HOME OWNERS' LOAN. - 100.7 100.5 100.5 - 100.19 100.16 100.19 102,10 102.8 1029 FOREIGN BONDS. High. Low. Close. 9. 997, 99% o 23n, | Abttib! Pa&Pw 53’53 | Asr Mtg Bk Col 6847 | Antioqu s 1215 Antwerp <1007 1005 | Arzentine 4s 4 192 oDy 1017 1010, 1011 | 1005 1007, 1008 1004, 100 1005 100 1003 1017, 101% 101% 1021 1021, 102 10676 106'4 106, 241, a1y 1100 100 ne s 61 Fetr me s 61 May Beleium Ts Berlin I | Brazil 61 118 Brazil 85 41 Buenos A C3s’84 Buenos A C 6560 Apr Beu A 413-4%8'77 Pv. { Buenos Afre, 4%5-4%5'76 April Buenos A 41;8'76 Aug | Buenos A41;8-43,8'T5 Canada 2148 '45 Canada 3s 67 Canada 21 K Canada 4s Canada 5 Chile 6560 | Chile 6861 Jan _. Chile 6561 Febr_ Chile s Chile 7s 42 Chile Mtg Bk 615 Chile Mtg Bk 6%s ‘61 Colombia 63 61 Jan - Colombia 6s 61 Oct _ « nuemm‘,rn 4 Copenha | Cordoba | Cordoba {Cuba5%s" \ Denmarx 41 Denmark 41 Denmark 6s 42 Dominic 2d 5135 40__ Finland 6s 45 e Frankfort 6125 Ger CBK A 6s'3 Ger C Bk A 6560 July Ger C Bk A 65'60 Oct- Ger Gov 515 65 at Ger Ren 7s 49 stpd Grt CElJap 615550 Grt CEl Jap 7s"44_ Greek Gov s 63 Greek Gov 7s'64._ ttaly 78 °51 1tal P U Crd 7s ' Japan 51 . 621y 10174 1017% 832 8414 821, 851, 99%, a3ty 991y 1074 11 3 1073 1128 201, 1001, 79 1001, 80 10072 1001, 1014, 1013 106 106 107 « 1107 86 99 40 4 28 26 1% 6 Ka | Kreug&Toll 5859 efs | Leipsig 7s 47 | Medelin 62 Mex 4s'10-"45asst sm e \hnas Gers 6135’58 . | New So Wales 5857 Nord Ry 612350 orway 4s 63 orway 438 ‘65 Norway 6s 43 Norwayv 6s ‘44 orw Mun Bk s Oriental Dev 6853 Oslo 4128 5. Paris Orl Ry 5° Pernambuco 78 47 Peru 63°60__ Peru 63 '61 | Poland 6540 6 6 2T 103 9% : 9RA 1017 2 10613 1067 1021 83 L 100% 98 98 1017 10619 1065 102 83 1008; 3| Poland 7s°47 Poland 88 Porto Aleare 775 '66. Prussia 6s 5. Prussia 61,8 51 Queensland 7s ‘41 Rhine W El P 65'55__ Rio de Jan 68 '53 _ Rio Gr do Sul 63 '68 Rio Gr do Sul 7s '66 Rio Gr do Sul 8s 46 Roumania 78 '59 Sao Paulo C8s'52 a0 Paulo St 68 68 _ a0 Paulo St 78 40 Sao Paulo St 88 '36._. Serbs 78'62 Serbs 8562 Taiwan Elec 51871 Tokio 5158 61 Tokio E L Ltd 65 '53_. Ujtgawa E P 7845 Un Stl Wk 615847 A_ Un Stl Wk:s‘;lalA Uruguay 6s 60 Uruguay 6s 64 Uruguay 8s 46 | Westphal & P 6853 . | Wiertemberg 7536 . Yokchoma 6s '61 DOMESTIC BONDS. Adams Express 48 '47 100°x 100% Adams Express 4548 10015 100% Adams Exp 4% 8'46__ 1011, 1011, Alleg Corp 5844 .. 98 978 Alleg Corp 5s 49 Alleg Corp 5s* Alleg Corp 68 50 stp_ Alleg Valley 4s 42 Am & For Pw 55 2030 Am Int15Y%s 49 ___ | Am1GCh S‘/:l 49__. {AmM T & T 338 '61_. AmT&T3%s 66. |Am T & T 4148 39 AmT & T 5%s 43 Am T F 2355-55'38-"50 Am Wat Wks 6s 75 Anaconda deb 41850 Anglo-Chil Nit 73 '67 Armour(Del)1st 45'55 { Armour (Del) 4s 57 Armstrong Ck 4s ‘50 | A T&S Fe 48 05-'55 ._ 138 103% 1064 343, 9814 972 4 1081 10719 A T&S AT&S Fo itim 48 A T&S Fe TSCL 43’58 Atla& Ch AL 5s 44_ {AtICLun ¢%s 64 2 Atl Coast Lin . 1041 AtIG & W st 58'59_. 7T6'a |B&O 1st4s 48 _____ 10514 {B&O4%s 60 72% 1191 8415 83l 833 83 | B&OTE5s 95 Areg_. {R&OG6s 96 F {B & Oref 532000 D & O ref 6s 95C R&OPL | B& O Swn 58 50 B & O Toledo 48 Banz&Aroos 4s s 954 103'% 1 | Bell T of Pa 5 48 B Bell Tel of Pa 58'60 C Betn Steel 3%, 8 66 | Boin Steel 438 60 . | Bos & Me 4%8°'61J | Bos & Me 65 67 BotCon M 6%8°34 Bklyn Ed con 3% 8 66 Bklyn Man T 4% s 66 Bklyn Un E1 68 '60 Bklyn Un Gas 6850 Bklyn UnG 68 '67 B_. 106% 104% 104% o 10 | THE EVENING STAR, WASHINGTON Buff R&P con ¢4 8’57 Buffalo R& P 68 Bush Term con 68’55 Camag 78 42 cits Ci Can'aian NR 4348 Can'dian NR 415856 Can'dian NR 4128 '57 Can'dlan N 55'69 July Can'dian P db 43 perp Can'dian Pac 438 46 Can‘'dian Pac 4% 8 '60 Candian P 5544 cfs_ Can‘dian Pac bs ‘54 _ Car & Gen 6850 ww_ Cent Ga Chat 48 ‘51 Cent ILE &G 68 51_. Cent Il Lt 31,5 66 __ Cent of N J gen 68 '87 Cent Pac 1strf 4s°49. Cent Pac 5360 _ Cent Sgecl 8s 41 Champ P&F 48,850 Ches& O 38 6 D Ches & O 3158 rm B C&Ogen4 C&0 KA 2its: so Chi & Alt ret & Chi B&Q gen 43 '5: Chi B&Q1 div 33849 Chi&E (1168’61 Chi & E 11 53 '51 ctfs. Chi Grt West 4859 _ Chi Ind & Lou 4s *47_. Chi [&L gen 6366 - Chi 1&L gen 6566 __ Chi Ind & L ref 68 '47. CM&StP4s 89 CM&StP gn 4%8'89 C. {CM&StP5s 75 CM&SP&P ad. G Chi & NW rt C&NW Nr W bl | Chi RI&P el as 34 Chi R I&P rf 48'34cte. Chi ey {chi | Chi Chi Un Sta 4s 6 Chi& W Incon 4s Childs & Co 5343 _ CinG & B35 66 _ |c Clev Cliffs It 43,8 '50. Clev Short L 4%s ‘Gl Clev Un Ter 433877 Clev Un Ter 58'73 B_. Colo F& 155 70 _ Colo & So 41580 Columbia G & E bs [ '52 May Columbia G&FE 58 '61. Colum Ry P&L 4s *65 | Comel Credit 3% s Com Inv Tr31;8°51 _ | Conn 1t Pw 33561 A Cons Coal Del 5860 _ Cons AN Y 31,846 Cons E4 N Y 3138°56 Cons Gas NY 438 '51 Consol 011318751 _ Consum Pwr 314866 | Consum Pun 33,865 | Consum Pwr 33, Consum Pwr 3%, Container deb 5543 _. Container 6s°46 _ Crane Co 333851 _ _ Cuba Northn 655 '42 | Cuba RR 1at 55’52 Dayton P&L 3158 '60. Del & Hud ref s 43 | Den & R G con 4 °36_ Den& R G 43,836 Den & RGref5s'78 Det Edison 4s'65 F Det Fdison 4128 '61 D Duquesne Lt 315865 Flec Auto Lite | EIP&S W ref 5565 | Erie cv 4s Frle cv 4s Eriecons 4s'96_. Erfe gen 15 ‘98 Erfaref s Eriaref 5! 'IE Erie Gen Riv 6s . Fairbks Morse 0! 56 Fed Lt&Tr 55" Fla EC Ry 53°74 Fla ECRy is Gen Mot Aco 3845 Gen Mot Acc 33851, Gen St] Cast 5158 °49_ Goodrich 41,558 Goodrich 6845 Goodvear T&R 5% '57 Goth Silk H 5846 ww Grt Nr Ry 33%.s°67 Great N Ry 43 46G__ Ry 4846 H Rrf4%s'61 A R gen 41:8'75 D GrtNRen4%8'1TE Grt NRb%s 52B __ Green Bay 53’62 B Gulf M & N 53 50 Gulf M & N51;8°'50 Gulf States Utfl 45’68 Hack Wat 1st 48°52 _ Houston Of] 5148 40 Hud<on Coal 58 '52 Hud & Man inc bs '57_ Hud & Man ref 58 '57. 111 Bell Tel 3328°70__. 111 Cent 4551 111 Cent col tr 43 52 111 Cent ref 4855 IN Cent 4% s "66 111 Cent ref 58’55 111 Cent Lou 315 I11 Steel deb 4% Inland Stl 33, 8°61 Int R T 18t rf 5866 IRTI1strf5s'66 ctfs IntRT 78'32 Int R T 7s°32 ctfs Interlake Iron 48 47 Int Grt Nr 55’56 C Int Grt Nr6s'52 A Int Grt Nradj 6852 A Int Hydro Elec 6544 Int Mer Marine 6841 Int Pap 1St 5347 A __ Int Pap ref 6365 Intl Ry C A 616847 Int T&T cv 4%8°39_. Int T&T 414%"62 Int T&T b3 '65.. James F & C 43°'39 Jones&L Stl 434861, KansCF S&M 48°36_ Kan CFS&M rf4s'36ct Kans C So 1st 3 Kans C Ter 18t 4860 Kans G&E 41,880 Kings C L 1st 6138 '54 Kresge Found 3 Kresge Found 48 '45 Laclede G 61,863 C .. Laclede G 512860 D_ Laclede Gas 68 42 A L E & West'n 3847 Lake S&M So 3 ‘97 Lautaro Nit 19758 Leh C&N 415354 A __ Leh Val Coal 6s'38 Leh V NY 43840 gtd l.eh V P con 48 2003 Leh V P con 41482003 Leh V RR con 58 2003 Leh Val Term 58'41_. Loew's 314,346 Long [l rf 43’49 stp_ La & Ark 5s 69 Lou & Jeff Bld 45 sh 38,8 2003 L &N Lst 482003 _ L & N unif 4s'40 L&N 4%82003C_. L& N5s2003B McCrory Strs 6s°51__ McKess&Rob b%8'50 Me C RR gn 43,860 A Man S 1st 718" 42ctfs | Manhat Ry 48 '20 | Manhat Ry 4s°90 ctfs | Mead Co 6545 58 61 \I\I El h&fi I. rf Bs’ll Mo K& T 415878 MoK &T s 63 A MoK & Tadjés MoPac4s'78. oo Mo Packs'6s A oeoe. igh, Low. Close. A 8d7n 100t 59% 234 115*. 109% % - 124 106% 1061y 1071 " 100 4914 4815 1041 9014 105% 110 108 R2 /11 991 Rt 10113 54 611y 661y 10515 9954 102y 90 2 105 8414 844, 1004% 100 59% 59% 234 234% 115% 115% 113% 113% 1131 1134 1124 112% 1158 115% 947y 1031 1027y 1141 107% 101 2914 10114 1041 5215 109% 10274 114% 107% 101 294% 1014, 1041 109% 98 111, 103% 1074y 110 104% By 1001 10615 1034 110 104 Bty 100% 1061y 102 104 675 105 1034, 107% 1027 100 1147 103% 105% 110 108 82 /113 1004 561 59 4 98% 99 1067 1067 1054 10814 1081 1035, 103% 10315 103y 8% 79 65% 34 307h 10415 107 107% 10814 1084 3 1008 65% 24 3074 10415 } 1074 2| pac T, BONDS ON N. Y. STOCK EXCHANGE Mo Pac &5 ‘81 [ ctf: Mo Pac %849 A Mob & Ohio 68°38 _ Mob & Oh M div 5447 Monong Pub S 6865 Monong Ry 18t 48 '60. Mont Pwr 3%s°6 Mont Tram 6841 Morris & Es 3%s 2000 Morris&Essex 4% 555 Morris&Essex 63’55 Namm & Sons 6s 43 _. Nashv C&St L 4878 Nassau Elec 45’51 std Natl Datry 3% s'51ww Natl Dis P C 4%s ‘45 Natl Steel 48 &5 .- New E T&T 4%8"61_. New E T&T 18t b8 '52 New Jer P&L 4%s ‘60 New Orl P8 68 55 B N Y Central 33 NY Central 318 NY Central 3% NY Cent 48'42 NY Cent con 43 ‘98 _ NY Cent rf 4348 2013_ NYCrf4%s2013n__ NY Cent rf 58 2013 NYCL Sh3%e'98 _ NYC Mich C3%898_ NY Chi &St L 48 46 NYC&St L 434878 NYC&St L 6%8°74 A_ NY Chi & St L 6538 NY Dock 18t 48 '51 NY Dock 58 ‘38 NY Edison 31;8°65 D NY G F1 H&P 4= '49 NY L&W 415872 Y NH & H 4357 NY O& W gen 4855 __ | NY O&W ref 48 l\\"\ham]fl North Am l‘d 51 ‘69 C North Am Ed 5% s'63 North Cent R 41,5'74 Nor'n Pac gen 38 2047 Nor'n Pac 4% 2047 Nort'n Pac 5s 2047 C Nor'n Pac 65 2047 Ogden L.C 4848 | Ohio Fxdison 33,872 Ohio I2dison 43 65 __ Ohio Pub Sve 7x'47__ Oreg W RR 45 61. 100“\ 1108 228, 901 104% 111y 107 103 1023, 107 101% 101 983, | PacT&T I 33,566 B T 21’66 C | anhand EPL 4= “| Param’t Pic 314847 | Park-Lx 6 Parmelee 6s ‘44 Penn Co 45 ‘63 _ Penn Dixie C 6s Penn P& L 41 Penn RR 3 Penn RR3%,s'T *| Penn RR con 45°48 *| Penn RR cn 4548 stp Penn RR 41,8°81 D _ Penn RR 4% s 84 Penn R con 415’60 Penn RR gn 415865 Penn RR deb 418 *70 Penn RR gen 668 People GL&C rf 5547 Pere Marq 4125 '80 Pere Marq 1st | Thelps Dodge Phila R&W 4543 Phila B&W 4155 " Phila Co 5567 Phila Elec 31567 | Phila & R C&1 6872 Phila & R C&1 63 49_ Philippine Ry 4s°37 __ PCC&StL 41,842 B Pitts&W Va 415560 C Port Gen El 4.5 '60 Porto Rico A T 6s'42. Postal Tel & C 5553 Potomac El P 3% s '66 Purity Baking 5s'48_ R-K-O 6341 Reading Jer C u '51 Reading R 412 Reading R ‘I”’s 9 'l B Rem-Rand 41, s'56ww Republic Stl 4158 °50_ Republic St14%s°56_ | Republic St1 4 | Republic St1 515 Revere Cop 47,8 '56 RG W l1stexin4='39 Roch G&E 55 '62 B R1ARL 1t 413834 Rutland Can 48 '49 Rutland RR 474841 StJo Ry L T&P 55'37 St LIM&S R&G StLRM&PS Fran 4550 A F 45'50 A ctfs Fran41;s'78 . F 41,878 cf st. Fran 58’50 B . StLSF55'50 Botfs StLS W 1st ter 55°52 StPKCSL4%;8'41 San A & A Pass 48'43 Schuleo 61;5°46 B stp. Seabd A L 45’50 stp.. Seabd A L ref 59 Seabd A Lirf 45'59 cfs Seabd A L 6345 A Seabd A L 6s 45 ctfs Shell Un deb 3%3s'51. Skelly Of1 4851 Socony Vac 315850 Sou Bell T&T 3% s'62 So Colo Pwr 63 47 A South Nat G 4%s'51_ So Pac3%s 46 So Pac col 45 '49 So Pac ref 48°55_ So Pac 41:8 68 _, So Pac4:s 69. So Pac 41.s 81. So Pac Oreg 415877 So PacSF Ter 4s'50. So Ry gen 43°56 A___ So Ry bs'94 So Ry gen 68 56 SoRy 61:8°'56 SoRy M& O 4s°'3 Spokane Int 5555 S W Bell Tel 3%3s°64. Southw’'n G&E 48°60. Stand OII N J 3861 . Studebaker cv 63 ‘45 Swift & Co3%8'50 Symgn G&G 56 xw Tenn E1 Pw 68 47 A_. Term As St L 485 Texarkana 5128 ‘50 . Texas Corp 3148’51 _ Texas & Pac 5877 B Texas & Pac 55 'T9C. Texas & Pac 5380 D Tex & Pac Ist 58 Third Av ref ¢ Third Av 1st 58°37 Third A ad in ex 5866 Tide Wat Oil 3138’52 Un Oil of Cal 318 '52 Union Pac3%s8°70 _. Union Pac 318" Unlon Pac 18 Un Pac 18t rf 48 2| United Biscuit 6350 United Drug 68°53 __ Utd Rys St L 4s ‘34 U S Rubber 6s 47 Utah L& T 58 44 A__ Utah P& L 65844 _ Util P& L 5859 ww. U1 P& L6%s8'47. Ver Sug 1st 75’42 ctfs VaE& P 1strf 4s'55 VaRy 1st3%s 66 A_ Wabash 4%3 78 | Wabash 18t 6s 39 | Wabash 5576 B_____ Wabash 5s'80 D Wabash 61,8 75 Walworth 4s Warner Bros cv 6s ‘39 Warner-Quin 68 ‘39 West Penn P 3148’66 W Sh 1st 4s 2061 gtd W Sh 15t 48 2061 reg_ West'n Md 1st 45 ‘52 Westn NY&P gn 45'43 Westn Pac 68 46 A__. West'n Un 4%8°'50 Westn Un cl tr 58 °38. 11845 SR 108% 1083 104% 1043, 4 104 1181 | 88 907 861 103 108% 3l 314 31% 923 91 1014% 101 el Supplies .G | piey Westn Un §s ‘51 West'n U ‘Wheel Steel 448 (I 100% 100% 100% 4 D. ECTRIG POWER UTPUT DECLINES Small Decrease for Week Leaves Total 10.3 Per Cent Above 1936. BY the Associated Press. NEW YORK, July 8.—Production of electricity in the United States for the week .ended July 3 was 2,238,268,000 kilowatt hours, a de- crease of 0.1 of 1 per cent from last week but an increase of 10.3 per cent over the same week a year ago, the Edison Electric Institute re- ported today. The decline, which was contrasea- sonal, carried the Associated Press in- dex of electric power production down to 120.1 from 120.8 the pre- vious week. The index, which is ad- justed for seasonal and long-term trend, stood at 113.9 a year ago. The range for recent years follows: 1937. 1936. 1935. 1934. 1933. High __ 121.5 119.8 1055 974 91.9 Low 116.3 1020 941 919 80.2 The report indicated the following percentage increases in major geo- graphic regions: New England, 13.1; Middle Atlantic, 12.0; Central Indu trial, 11.8; West Central, South- ern States, 12.5; Rocky Mountain, 14.9, and Pacific Coast, 9.2. shington Produce , BUTTE! *4-pound pri pound print tub, 4 market stron KmErrs Choice beef. J-pound prints. 3 14 90 score. B0 prints, 4 16 335 Sonc1om e hams, 28: slaced 30 compound 1:'%: lard LIVE STOCK—Pigs, 10%.a11; 11750113, “heavies 34a ) 11%allt, calves 7af)! Prices paid shippers net ington "By the Ur Agricuiture. ;sun bacon, mediums, 520- sows, 9! fob Wash- nited States Bureau of Government U larze. 41, cents LIVE POULTRY prices unchanged ' Market about Fowl: Colored. stead 137101 Fruits and Vegelables. Sales in larze lots by orikinal receivers up. a “and five c mmunu mode marke Jumbos, 0 s 1 sizes. fair quatity \rohna bushel hampers. packed locally, ‘"HONEYBALLS—No carlot broken car o track Sup demand. siow t HONEY two “broken and t Supplies modera Califormn 100 4 wo California arrived broken " cars demand sloy standard crates. Jumbo crates, 6s to arrivals: one de- New York. -4 dozen, 627 dozen, 2.00- LETTUCE —-One Californ broken and four inbroken derate or ’\LA‘ Bs 175 CELERY—No carlot broken car on track. Supplies light mand light: market steady crates individually washed 5-6 dozen. 5.00; arrived; five No "ca Approxi ginia by boat &h nd. 1 vals receipts i broken moderate: slow . mark| ack. Truck supplies moderate: dem. sieady, North Carolina EarlvRose U8 1 few s incnes. 100+ el baskets, rs light: ma Telephones Colorado, moderate: demand Bushei hampers 2.00. few hirhe; POTATOES- E market No. "1, Quality. 2 00: 100-pound sacks. OMATOES—No _ carlot broken and 1 unbroken cars on Truck receip's moderaie: supplies erate; demand light * steady boxes. green. ripes and turning. wrapped. Georsia. North and Souih Carolina. "xii and larger. ondition. 1.00-1 Tennessee. ix6"and Sarker "] 1,50 igher WATERMELONS — Two Florida, 1 South Carolina arrived: & broken” and 4 unbroken cars on track Trock eipts liberal: supplies demand lizht; markel stea; and Georgia. Tom_Waisons average, 50-60 60-75. 2 pound averase, Lima Beans Weak, LIMA BEANS_Suplies Jgn light: ~ market bushel hampers, ity cars. Supplies light v U. 8 steady. 015-1 0 few Georgia. 1 il demand Caroiina. 0: Cordinary waar: Friick recelpts moderate: demand weak. North Carolina sacks. 60-45. BLACKBERRIES—S8upplies and light: market siead 32-quart crates. RASPBERRIES- light: marke! eaps 1tla per auart sup- ;. market 5 dozen, ht: de- ew Jersey, - crate. demand New Jersey. Black- Redcaps. 10 per pint, ACH—Supplies _moderate: —demand light: market steaay.” Pennsyivania, bushel baskets. SRANGES Two California _arrived broken and 4 unbroken cars on California, boxes. moderate: lighy pe. ivniies | steady. taed . 8.50- 2.50- dozen 1.50 Dper 4.00-5.50 a8 “to a bushel boxes. 1.00-1.50 ES— o i, bushel boxes. ET! 20 " per '8—Pennsylvania. bunches. L1—_Pennsylvania. crates; CARROTS—Pennsylvania. dozen _bunches, CUCUMBI stern Shore Maryland. bushel baskets. 7. CHICAGO LIVE STOCK. CHICAGO, July 8 ( (United States De- partment of “Agriculture). —Hogs. 11.000. including 3000 direct; uneven; good and choice hogs. 230 pounds down. mostly 10 to 15 cents ‘higher than Wednesday's aver- age: weighty kinds and packing sows. 10- lower: top 0; bulk, §00d and, efoice, 230 2 60, mo; 0-300 0 Dnunds 1 around 11 0.35-11.00, 2000 another ac- d grades of cattle: strong fo 25 cents higher: hardly as much competition in trade as Wednes- ay. but at that practically everything sold n early round: upper crusi fed steers, 16.40-75. latter price a new high for the yegr and hishest since 1930. and paid for pound Nebraskas: next highest price. ) common snd medium grades. 800 several loads native grass 500 m 5; native stock steer dull down 8.50, but well-bred kinds and Southwesterns fully 3teady at 50 and bett I she stock uneven to 1.00 over last week: bulls fully m-dy to- day; sausage offerings 7.15 down: load 55: Teaters. 25 cemts Sheep. 9.000: 'including 7.500 direct: Spring lambs active, mostly steady: 11.90. 1200 paid for tew choice lots nativcs to small killers and packers; bulk. 11.75 dows to 11.50: few decks choice fed California Spring lambs (shorn). 10.75 straieht: sheep Son: auehier ewes. 3.00-4 5: Iots’ sausage_bulls, higher at 950-10.50. NEW YORK PRODUCE. NEW YORKM.ful‘a 8 IXJ’A.»ES:;:“]:‘J'WNI Steady. olors unehang oot ".L)Lfllflix:bflfll steady. All grades a : steady to firm. Prices Tive poultry, by freight, weak. Prices “n(‘hl nged By _express. s(!ld' u horn, 1 wls. Other Presh Broilers express prices unchanaed. Bressed poultrs about steady. and frozen prices unchanged. W Sp Stl con 78 '35 et Wilkes B&E 1st 5543 Wilson & Co 4556 Y'ngstn S&T 3% Y'ngstn S&T ¢s°61_. 16% 16% 16% 101% 101% 101% *81. 140% 140% 140% 101‘./. 101% 101% A C, THURSDAY, JULY 8, 1937. 10 Per Cent Gain Over 1936 Shown By Construction Br the Associated Press. NEW YORK, July 8.—Engineering construction awards for the short July Fourth holiday week totaled $66.998,000, an increase of 10 per cent over last year, Engineering News- Record reported today. Private contracts were 9 per cent under last year, while public awards were 21 per cent higher. Awards were: Private Federal Btate & municipal 4:1.781.00 Total ~public____ 465.628.000 Total awards - 66.998.00 Weekly construction lwnrds for 1937 to date averaged $50,863,000, an increase of 16.3 per cent over last year, e, INVESTING COMPANIES NEW YORK. July R (. —New York Security Dealers' Association (Noon quotations.) Admin Fd 2nd Inc Am Business Shrs Am Gen Eq Inc Am Ins Stocks ___ Bancamer Blair Bankers Nat Inv Corp Basic Industry Boston _ Fund Inc v 2 Corporate Trust Corporate Trust A Corp Tr A A mod Corp Tr Accum Ser Corp Tr Acc Mod Cumulative Tr Sh Droos Bx Sh N'Y A" Depos Ins Shrs * D e e Diverafied Tr © Div sh Eauity pt Fidelity mea In Eirst ‘Boston Corp Eiscal Fund Bink, Shrs Fixed Trust Sh A L Bing Insurance Fixed Trust Sh B Found Tr 8h Fund Investors Inc - Pund Tr Shrs A z id Tr Shrs B General Capital Corp Gen Investors Tr = Group Sec Agriculture _ Groiip Sec Automobile Group Group Group Group Group Group Group Sec Invest 8hrs 8ec Merchandise Sec Mining 8ec Petroleum _ Group Sec R R Eauip Group Sec Steel Group 8ec Tobacco Huron Holdir; Incorp _Investors Sec: Bank Group _ 8ec Tnsurance Investors Pd ' C" Inc | Keyston, Cust Fund B-3 N Y Stocxs. N Y Stocks. i ferls Income Sh Selecied Am Sh Inc Spencer Track d Am T) Tru Trustee Stang Inv Trusteed Am Bk "B ed Industry on Fund INSURANCE STOCKS NEW _YORK. Julv R ¥ —New York Se- curity Dealers’ Association: Aetna Cas Aetna In (1) s Life (R0a) A Bauit 11508y Am Reins (40z) Am Reserve Am Suretv Autcmonile (2a) Conn Gen | Gontin® cas . Ru Ereat Amer % 1) xa” Hanover (1601 Hariford Fire (2) Home Pire Sec | Home Ins (la) Homestead (1) | Knickerbocker Lincoln _Fire Maryland Cas Mass Bond' (2 Neil Pir = INail Tiverts”' 20a) N Hampshire 1 60a) - Y_Fire (S0a) Nor " River (80) 2 Bossia Ine C60n) Paul Fire Shringheld Sun Life (715%) Travelers U '8 Pire (2) = Westchester ~ (1.20a) Also exira or extra Declared ‘or paid 5o far this year. FOREIGN EXCHANGES. NEW YORK. July & (@ —Foreign ex- change easy: Great Britain in dollars, others in cents Great Britain. demand cabl 5%; 60-day bills, 4.94 ' R FEN o Demands—Belgium’ 16.8414 40.16: registered, RIS Yugoslavia 19.580: "Rumania 8.R0Van: Hongkong. City - Montreal in i 0 Tny New York T Montreal® 100.55% ‘B-Nominal. Pt MONEY MARKET. NEW YORK. July 8 (¥.—Call money steady: 1 per cent all day: prime commer- per. 1 per cent: time loans steady: 50100 Sanve. Ther a'h montnn 1 per cent: bankers acceptances tnchanged. Rediscount rate. New York Reserve Bank. 1ts per cent. Argentina. Toklo. 28 80 INVESTIGATE This Long-Term 5% MORTGAGE LOAN PLAN E YOU negotiating a new Mortgage ...or planning to refinance your present mortgage? You will find our Mortgage Loan Plans very attractive. You pay only 59, interest and avoid refinancing worries and expense. Repayments to suit your pocketbook— monthly, like rent, if you prefer. Up to 20 years to repay. It costs nothing ‘to get the facts. WEAVER BROS ¢ REALTORS Mortzags Luan Corvmprndont (aropelitan Lifs Inrance Company WASNINGTON BUILDING DISTRICT FINANCIA CLEARINGS DRO BELOW YEAR AGO Outside Centers Report First Decline Since September, 1936. B3 the Assoctated Press. NEW YORK, July 8—The feature of this week’s report on bank clearings, issued today, was the decline in the total for the outside cities from & year ago, the first such decrease reported since the week of September 9, 1936. The aggregate for the country as a whole also displayed a slight drop from last year, although showing u gain over the week preceding. Bank clearings for 22 leading cities of the United States for the week | ended Wednesday, July 7, as reported | to Dun & Bradstreet, Inc., aggregated $6,042.812,000, as compared with $6,- 079,098,000 for the like week of 1938, or a decrease of 0.6 per cent. In the year-to-year comparison for the pre- ceding week there was a decrease of 3.5 per cent. Clearings this week rose $226,880,000 over those of the week preceding. A year ago for the two similar periods there was a gain of only $51,203,000. Bank clearings at leading citie compared Wwith those of 1936, showing | percentage increases and decreases are given herewith; also the daily aver- age bank clearings for the months of April, May and June, (Totals 1n thousands) : Week L. Ford to Construct $500,000 Addition To Norfolk Plant Special Dispatch to The Btar. DEARBORN, Mich., July 8.—Plans for a $500,000 expansion of the Ford Tidewater branch assembly plant at Norfolk, Va.. were announced at the Ford home offices here. The expansion will permit employe ment at peak of some 250 more work- ers and increase plant capacity by 50 cars daily to 400 cars daily, the an- nouncement said. It will also provide a dock and other facilitles for handling parts and mae terial shipped from the Ford plant here for use in assembly into Ford V-8 cars and trucks. The Ford No.‘olk plant at present has no facilities for receiving or dis patching shipments by water. Cars and trucks manufactured there are sent overland 10 mil*s to the Norfolk | Army supply base, where they are loaded on Ford ships for transport. When the new dock is completed the built-in units can be loaded directly at the plant, which lies some 7 miles up the Elizabeth River from Hampton Roads. The extension will almost double the size of the plant. FEDERAL LAND BANKS NEW YORK. July 8 (.—Fedsra] | eane o v 8 (P.—Federal Land | s 15 H SUEWE Bay uly - 1 Boston > Pillladelohia Buiflalo t1sbiren d Richimend Atlanta = New Orleans _ San Francisco Portland. Oreg. Seattle Total New York Tota raze daily: CHICAGO PBODUCE (‘HIL \GO July x Tyer lite Rock, - colored, 2 2 by Plymoutn Darebacks, 17 L o e and colored geese. torage packed 298 tota] U b z00d slightly steady en supplies moderate demand siow EXPANSION PLANNED. NEW YORK, July 8 (#).—A 50 per cent increase in the manufacturing facilities for rubber-covered wire, cable and cord at the Bridgeport plant of the General Electric Co. will be effected by August 1, C. E. Wilson, vice president stated. FIRST DEED OF TRUST ONLY GEORGEL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 We Are llalung Conservative Loans on Business Property Only AT 4]/2% for new construction or refinancing. SHANNON & LUCHS Mortsage Loan Correspondents 1505 H St. N. W Natl. 2345 ecam shipping sha; o ' The roass would obtain a ase in rate ) centimes and B advanced 170 {ra uez Canal 4V2% Ample funds for conservative st mort. gage Ioans on improved Marsian, €. property land and Address Box 203-E, Star Office. REAI. ESTATE LIJMIS RESIDENCE and 5% SMALL BUSINESS PROPERTIES, | FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9392 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1416 Eve 8t. NW. Phone NA. 2184 N4 SCRAP BOOKS i Bitcn “ahd 1886 Sist Year 1937 of Progress 1D E ST PRODUCING "A?lohl!.. £-) W Investments First mortgage notes, well secured on con- 6% servatively eppraised, new buildings in Washington and near- by Marylond. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Noarly A Specialty Loan $7,000.00 3 to 5 Years FIRST TRUST Will Amortize Monthly or Quarterly A BUSINESS RESIDENCE In Nearby Maryland Land and Building Cost $14,000.00 PAYMENT WILL BE SECURED A Safe Income Investment PRINCIPAL ONLY Address BOX 197-E, Star Office. Effective as of the fi July 1st, 1937 rm of D. H. McKNEW & CO., Inc. announces its change in name to McKNEW, FAIR FAX & CO., Inc Members Washington Stock Exchange 719 15th Street N.W. Correspondents—Dobbs & Co., New York Members—New York Stock Exchange First Mortcace Loans District of Columbia, Nearby Maryland and Virginia Homes Apartments 5% Business Properties Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY INCORPORATED MORTGAGE LoaN CORRE SPONDENT 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600