Evening Star Newspaper, July 8, 1937, Page 23

FINANCIAL. -GURB IS NARROW LATE IN SESSION Selling Activities Increase, but Most Prices Are Resistant. Bs the Assoclated Press. NEW YORK, July 8 —Selling activi- ties increased a little in the curb mar- ket today following a further advance in early trading. In many leaders, however, support appeared before prices worked into the minus column and the list tended to drift within a narrow range in late dealings. Small gains were held by Electric Bond & Share, American Light & » Traction, Gulf Oil and Cord Corp. American Cyanamid “B,” Creole Petro- leum and Cosden were a trifie lower, Rubber Industry - Expected to Set New Sales Peaks B3 the Assoctated Press. NEW YORK, July 8 —Prospects for the rubber industry point to post- depression records in both sales and production in the last half of the| year, Samuel B. Robertson, president of the B. F. Goodrich Co. of Akron, Ohio, declared today. “I see no reason at present,” said a statement by the rubber executive, “to change the prediction made at . the first of the year that tire sales as a whole will reach 54.000.000 units for 1937. If unforeseen factors do not change the situation, this figure may even be surpassed. “On the basis of figures for the | entire industry, shipments are about By private wire direct to the Star. All time shewn below is @aylight saving on which the lnh!;u. s mow eperating. 2:3 Stockand Bales— Dividend Rate. Add 00. Acme W vtc (2).. 268 Aero Supply B Afr Device Corp. Air Investors Alr Invest wa Ala Pwr pf (6) 201 Aluminum of Am 3508 Alum Am pf (6).. 508 Alum Ind (40c) .. 508 Aluminum Ltd _. 400' Am Alrlines Ino_ Am Beverage Am Box B'd b700. Am Centrifugal .. Am C P&L A AmCP&LAwWW2%, Am C P&L B b3ve Am Cynm B t60c. Am Equita223jc. Am & For Pw ww Am Fork&H (t1). Am G&E (1.40) . AmL&T t1.20.0 Am Maracaibo . Am Seal Kp a30c.. Am Superpower .. Am Superpwr pf. Am Superp 1st Angostura(t20c). AppalchEPpt 7. Arcturus Radio_. Ark Nat Gas___ Ark Nat Gas (A)- Ark NatGcupf.. Art Met W (80c). Ashland Oil r40c. Asso Gas & Elec_. As50G & E (A) - AsS0G & E $5 pf_ AU Cst Fish b35e Atlas Corp war. Austin Silver ___ Auto Products___ Auto VM (150¢)_ Avery & Son Axton-Fisher A_. Bald L bd rts(d)._ Bardstown Dist__ Barium Stain Stl. Bath Iron WKs. Beech Aircraft. . Bellanca Aircraft Bell Aircraft Berkey & Gay Berk & Gay war__ Bliss (EW)_____ Blue Ridge(blsc) Blue Ridge cv3_. Blumenthal (S) _. High. Low. Close. 455 45} 45% 4 4 4 24 3% # # @ 60%s 60% 60}y 143 142 148 115 115 115 8 % 8 116 118 115 27% 26'4 26 i3 & 2% 3 2% 1 2 1 3% 1 19‘! 5 324 600,000 units greater per month for the first half of 1937 than for the same period last yea Shipments of tires for the first five months of the year, Robertson added, | are estimated at 24.316,000 units, | against 21,169,000 for the same period | last year. | Bower Roll B(2)_ i Brewster Aero .. Bridgpt Mch b25a Brillo Mfg (80c) _ Br Am Oil cou(1) Brit Celan rcts Brown Co pt Brown F (b90c)_. Brown Forman Buff N&E 1stb_. Bunker HI&S 115 Burco Inc war___ Cable&Wire A___ Can Marcont Carib Synd(b30c) Carnegie Metals_ Caro L&P pf(7)- Carrier Corp Carter (JW) 80c_ Cifsco Prod b2 3, _ Catlin (a4uc) | Celanese 1st 17_.. n Hud G&E 80¢ ent Oh Stl bsve.. Cent& S W Utll_. Cent States El | Cent St El 6% pt Cent St E17% pf. Ciutes Service Cities Serv pf Cities Sve pf [ ! ARt 10035 1003 10054 | S D 77 Eont Bu 'k 1 5157 EE | Cent 8t 18 ol 1 T0h | 10112 1001 10412 nels 5 . & al E& G bt dd suxw tinej > S haw>> 50 E Pw fs In‘erst P S 415¢ ' : Towa 'Pub Sv 5 acRliad Jackson G s '4% u,, 7 | ger C P&L 'ac ! | 11121011, mw,] Reiy 841, 8 2| 101 104 K41 210135 21081 101 1039, 101 104 s s Pw & Lt idlan VRR : L 10135 88 “sR R 8k, o \ AR C No Ind P S 5s 0 D Northw P & Oh gt 100k Janta aon st A Bl amped. munmhum impajred by maturity. tCompanies reported in receivership. SUGAR QUOTA FILLED. ‘The Agricultural Adjustment Ad- | ministration announced today that| Puerto Rico had filled its 1937 quota | for refined, or direct consumption, sugar of 126,033 short tons raw value. ‘This special quota for refined sugar was included in the general 1937 quota of 831,408 tons for Puerto Rico. o Federal Trade Commission an- nounced the issuance of a complaint charging 75 members of the Cement Institute with maintaining a combi- nation to eliminate price competi- tion, resulting in increased prices for cemen { | Colon Dev(a) | Cosden Petrol | Defiance Spark P. |ELB&Sot ) El Pw Asso blsc. { Bquity Crp a2se Citles Sve pt BB Cit Sv P&L §7 pf_ Lll) Auto (160c). Claude Neon Lts. Clev E1 11lu(t2) .. Cleve Tractor Colon Dev Ltd sc Colo Fuel&l war ‘ol G&E evpf(5) Colum O& Comwlth Edis T4. Comwith & S wr Comnuty P&L 1st Comunty PS 11 _ Community W S_ ol Copper C GEL&P Bo 3.60 Cons Gas Util Cons Gas Util ws. | Cons M&S (11)- Cons Ret S pf(8) _ Cons Royal (20¢) Contl G&E prpf 7 | Conul Roll&S FL Cord Corp Corroon & Rey Cosden Pet 3 | Courtl'ds b2 Creole Pet T(30c) Crott Brewing .. Crown Drug Co _ Crystal Oil R pt Cusi Mex Mining. Darby Pet (50c) . | Dayton Rubber Dayton Rub A b3 1 Derby 01l & Ref Derby O&R pf b2, Det Gas pf 1.20 .. Det Gray Iron 4e. Det(Mich)Stove . Diveo T Trk (40, Domin Steel | Draper (12.40) . Eagle P Ld b20e. EstnG&F p pf4's 1008 EstnStatesPw._ 9 EasyWM B bite. 8 Eisler Elec (adc). 4 El Bond & Share_ 113 Elec B&S pf(5) g' 2 Pw As Ablse. 2 P&liopt war._ 1 P&L2dpfA - 308 Shareholding 2 Eiccirollnevre. 2 Elgin Natl W b1 258 Empire Dis El pf. 1008 Emp GEF 7% pf_ 508 Emsco Der T1 60% | 4 2% 334 | 37 48y Evans Wall Ld Ex-Cell-O (b10c). Fairchild Aviat. Falstaff Brew _ Ferro Enam b75¢. Fire As Phila t2 Flsk Rubber Fisk Rub pt (6)_. Fla P&L pt Ford(Can)A(1) Ford Ltd b21.3c _. Froed G & M t60c Froedt cv of 1.20 Gen Kl Laifiy Gen Firepr bse Gen Tele (b25c) 1 Gen Tire & Rub . 18 Gen WG&E pf(3) 1 Georgia Pw pf 6. 258’ Glen ACbi23%e. 2 Goldfield Consol. 7 Gor Inc pt 1008 Gorh’'m vte b7sc . 3 Grand Natl Flm: 2 Grand Rap V (1) Gray Tel P8 (1). 1 Grt A&P T nv 6. 40s 817% 81% Grt A&PT 1stpf7. 25s 119“ llsl‘ 1]9% Grt Nor Pap t1._ 250s Greenfleld T&D__ 3 Groc Str Prod . .. l Gulf Ofl (b50c) Gyp Lime & Alab 100! Hearn DS b1.65_. i § Hecla Min bibe . 11 Helena Rub'st'n 1 Heyden Ch (t2) Hires(CE)A (2) . Hoe & Co Inc(A) | Hollinger G t65c Holt H pt A h2ic Horn & Hard 12 Horn&Hard pf § Hud Bay M bibe Humble O11¢134 ) Hygrade Food P Hygrade Syl(b2). i1linoty lowa Pw 11l lowa P pf 2% . 1l lowa P d ctfs I1lino1s Zine b25¢ no- imp Of1 Ltd t50¢ 4 50m 2 2 8 b50s THE EVENING STAR, WASHINGTO Siockand Sere— Dividend Rate, Add 00. Ind 8ve 7% ptf . Insof N Am t2__ IntitHES A war. IntlHy E1Spt__. Intl Pate (11%) Intl Radio b25e. Intl Util (B)_ Intl Vita (50¢) Interst P Del of Iron Fire vte 1.20 Ital Superpw A __ Jacobs(FL)b50c. Jeannatte Gl 2600 Jonas&Nbg blbe_ Ken Rad A b37 ‘,fi( Kingaton Pr 40c . Kirby Pet(al0c)_ Kirkland L G 6c_. Kreuger Br (11)_. Lake Shore (14)._. Lakey Foundry Leh Coal&N 30c.. Leonard Of1 = Lion O1] Ref (t1) Loblaw Gr A (t1). Locke St1 C t80c.. Lockheed Afr __ Lone Star G 80c.. Long Island Ltg.. Loudon Packing.. Loursana Ld 40c. Lynch Corp (t2). McCord Rad (B). McWillms D t2__ T Mead John'n (13) Mer & Mf A 60c__ Merritt Chap & S_ Merritt C&S pf A. Mesabl Iron Mich Bumper _ Mich Sug pf bi0c Mid Sta Pet (A) . Mid Sta P vte(B) Midl O evpf bioc. Midvale Co (b2) Midwest O11(+1)_ Mining Co (Can)_ Mock Judson 60c.. Molybdenum Mont Ward A(7) Moore C Ltd bilc Moore Distillery_ Mount C (a2lc) . Mount Prod(60c). Murry Ohio b§0c.. Nat Cont (bd0c) .. Nat Fuel Gas (1). Nat Mfg & Str: Nat P&L pf (6) .. at Rub M a20c. Nat Service pf __ at Stl Car Ltd _ at Sugar N J(2). at Trans bd5c _ at Union Radio. Nestle Le-Mur __ New HavCl 1%.. NJ Zine (¢2) Newmont M b1y N Y Water Sv pf_ ag Hud Power Niles-Bem-P (b1) Nipissing(b25c) .. Noma El (b40c) .. North Am L & P_ Nor Am L&P pf.. 0 Am Ray Abl_ Northern P L 7c. Nort States P A _ Novadel Agne(2) Ohio Edis pf (). Ohio Pwr pt (6)_. Okla Nat G: Oldetyme Dis Pac G&RE 1st 1% | Pac Pub Sve | Pan-Am Afr (t1). tepec Oil Parker Pen (2) | Parkbg R&R h4dc ! Pennroad (a25c) Pa PRL pf (T) _ Thila Co (b63c) Phoenix Secur | Pion'r Gold t40c Pitney Bow T40c_ | Pitts Forging __ Pitts& LE b4 _ | Pitts PlGubzv.) | Premier G t12 | Producers Corp | Pub Sve Ind ot Pub S Ind prpf _ Pub Ut Sec pr pf Pug Sd P&1$6 pf. Quaker Oats (5)._ Rainbow Lum A_ Rainbow Lum B_ Raymd Con (11)_ Red Bank = Reed Roll B 180c_ | Reever(Dan)s0c_ | Reiter Foster Reliance E1 b50e_ Reynolds Invest . Richmd Radfator Rin Gr Val Gs vte | Root Pet (b23c)._. | Rustless | & Stl Ryerson&Haynes St Regis Paper __. Samson United _. Scovill Mfg (b1). Scrant SB W pf_. Segal Lock & H _ Seiberling Rbber. Selected Indus __ SelInallctf 53 Sel In pr pf(5%) Seton Leath a50c. Seversky Alr._._ Shattuck Den Sher-Will (4) Sher-Will pf (5). Simmons H & Singer Mfg (16)_ Solar Mfg(b10c) - Sonotone (a10¢) . Soss Mfg (50c) SoCalEdpfB1% SoCal EApfC1% | Southn Colo P A Soutl'd Roy b20e.. Spencer C S b75c. Stand Dredging .. Stand Oil Ky t1 . Stand Ofl Ohio t1 Stand O Ohlo pt & Stand Pwr & Lt_. Stand P&L (B) ... Stand S & L (4¢). Starrett Corp vto. Sterchi Bro a30c Sterchi 2d (b50¢) Sterl Alum b50c . Sterling Ine t20c. Stroock & Co(2).. Stutz Mot C (d) _. Sunray Oil bl5e . SunrayOcupf2¥% Sunshine Min(3) Byracuse L pf(6) Taggart Corp Tampa El (2.24)) Tastyeast Del Taylor Dist 30¢ . Technicolor a50c Tech Hughes t40c Tenn E P 1st pt 7 Tex P&L pt (7) ‘Texon Ofl&L 60c. ‘Thew Shov a50c Tilo Roof Ine (1) Tob Prod Exp 15¢ ‘Toledo Ed pt A 7. Transwest Oil Co Tri-Contl C war. Tubize Chatil Tung-Sol Lamp . Ulen&Co 734 % pf Un G Can b27%ec. Utd Corp war. Unit Gas Corp Unit Gaswar ___ Unit Gas pf b314_ Unit Lt & P (A) Utd L&P (B) __ Unit L&PPDPLA__ Utd Shipyards A Utd Rhipyds B Utd Shoe M t214 URFoll B (1) U S & Int] Sec US&IS 1stpfb2l; US Lines pf US Radiator U 8 Rub Reclaim U S Stores U S Stores 1st Unit Stores vte - Unt Ver Ex (bl). Unit Wall Pb15c_ Im T of Can t40c. Ind'n T I10(A).. Ind'n T 111 O(B) Ind Bve 6% pf-.. 100s 26 ol Utah P&Lpf b1 Utilities P&L(4). Util PAL B () .. 408 1008 1 6 12 108 100s 2 2 4 2014 931y 124 302 111 S (3 387 16% 3419 6 1% 261 119 b 15(\3 50s 1 31 2 % 231y 441y 1% 30% 111 18% 508 13315 1321, 208 1097 1097 109% 3 37 3y lfls 302 302 5% Superior Port C B 1008 258 1 “ 1 7 g 258 208 3 258 1 10 108 1% 2‘ 5‘6 15% 1% 3 9‘7 29 113‘/: 113‘& llB% 13 6 Utll P&L pt (d).. 9508 13% 13y 3% 1% 24 L] 4% 16% i 9‘4 NEW YORK CURB MARKET Hllh Low. cl& 25 111 1 802 103 10114 1011 10115 1219 124 12% LOEW'S EARNINGS = MOUNT SHARPLY Net Climbs to $11,714,722, Against $7,390,495 in Same 1936 Period. By the Associated Press, NEW YORK, July 8.—Loew’s, Inc, reported net profit for the 40 weeks ended June 3 (after depreciation, taxes and subsidiaries’ preferred dividends but before surtaxes and undistributed earnings) of $11,714,722, or $7.07 & common share. This compares with net profit of $7,390,485, or $4.47 a com- mon share, in the same period last year. ’10V| Pullman Co. ‘The Pullman Co. reported a deficit of $10,881, after taxes, in transporta- tion operations for May. In the same month of 1936 the deficit was $130,719. Figures were for the sleeping car af- filiate of Pullman, Inc, and did not include the earnings of manufacturing subsidiaries. The May gross was $4,659,696, com- pared with $4,163,358 in 1936, bringing the five months’ gross to $25,772,361. Over the same period a year ago the Bross was $22.442,264. Net after taxes for the five-month period was $1,728,- 527. In 1936 it was $993,374. General American. General American Investors Co., Inc, reported net assets after pro- viding for debentures and preferred stock equal to $15.43 a common share on June 30, without giving effect to possible exercise of outstanding war- rants. This compared with $17.41 on December 31 last. If all warrants entitling holders to subscribe to com- mon stock at less than the above asset value had been exercised, net been $1488 a common share, company said. North American Rayon. North American Rayon Corp. re- ported net income for the 12 weeks ended June 13 of $886,439 after taxes and charges, except Federal surtax {on undistributed profits, equal after preferred dividend requirements to | 8164 a share on combined class “A' and “B” common shares. This com- pares with net income of $387.450 or { 68 cents on combined common shares in the like 1936 period. the net income was $1,690.830 or $3.15 on .| combined common shares, against | 712,461 or $1.24 in the like period a year earlier. Boar(ls Approve »*| Merger Plan for o ) s Alleghany Corp. Br the Associated Press, NEW YORK. July 8—Directors ot Alleghany Corp. and Chesapeake Corp., holding concerns of the former Van Sweringen rail system, today ap- proved a merger plan of the two | companies. Newspaper men were called to a conference by Robert R. Young, who | purchased control of the rail empire | recently from George A. Ball, Muncie, Ind, capitalist It was expected terms of the merger would be revealed at this meeting later | today. Washmgton Exchange . Washington Gas 5s, 1960—8500 | 11514 Capmfl 'hantlt Co—5 at 101 ‘Washington Gas Light Co. -10 nl 8%, 10 at 7814, 10 at 78 1 asn | 454 | e 46 2 301y [ '<|$l" Tex | 10 at 1101, B4y | AFTER CALL. 1w | Lanston Monotype—10 at 1. Mergenthaler Linotype—15 at 4315, Bid and Asked Prices. BONDS. PUBLIC UTILITY. | Amer. Tel. & Tel. 4155 | Anacostia & Pot | Ana. & Poi. Guar 5" & P, Tel. of Va_ bt C!\n Traction R. R. City & Suburban Gl")rnetuwl\ Gas_1 Pot. Elec Wrin G L Wash. Gas 5s Fa Wash: Ry, & Eleo. 45 2 9“. Chevy Chase Club 1st 4s Sue | W. M. Cold Storage &5 18% STOCKS. E PUBLIC UTILITY. Amer. Tel. & Tel. (9) 3% | Gapital Transit Co & Wash. Ry. RE] com. (38)__ 6 Wash. Ry. & Ei. pfd (5) ~ 1081, BANK AND TRUST COMPANY. | Amer. Sec_ & Tr. Co. (e8) 300 Bank of Bethesda (h.75) ¢ Cagpital (4) | Com. & Savinss (e10) - | Liberty (1) 201, | Lincoln m ', * | Natl_Sav. 37!/.! Pr. Ugoufl B & Tr. 80)- Riges (eR Rltes pia ) - Washington (8) Wash. Loan & Tr. (¢§) FIRE INSURANCE. American (6) _ Corcoran (8) -60) National onion (60 ~ L ey Wl e e ot ZRaN2NE28R ] 23 Columbis (.30) Real Estate (6) __ Carpel Corp (2.00) Lanston Monotype (i4) Lincoln Berv. pfd. Mergenthaler Lins. (2 Peoples Dr. §t com. (11.00) Peoples Dr_ 8t nfd. (6.50) | Real Est. M.&G. pfd. Security Slnrnr (5) Wava: & Tom. ofa (& *Ex_dividend. b—Books closed. er—Ex rights. {Plus extra e—3% vl\d J\m. 30. 1936: 45¢ paid De- a-mber 22.°1936. ] 8 xo Btock and 8al Dividend Rate. Add 00. High. Low. Close. Utilities Indus... Ll | Util & Indus pf_. Valspar pf vtc... Venezuela Mex... uela Pet_.. v Wag B vtc bé0c. Waitt & Bond (B) Wayne Knit Mills Well't'n O1l Del - Wentworth blbe. W VaCoal & C Westn A E(a25c) Weyenburg b20c. Williams R C 60c Wil 011-0-M a50¢ Wil-Low C pf(d) Wolverine bi0c - Woodley Pet t40¢ Wright Hars 400 6 Yukon Gold (bc) 24 24 based on last 24 | puarlly 57 el dhaial parment. " tAa 37 | nual l-ud .;neludlnt “".l‘h ”.A‘Dr' Ly ‘"fl's'd this sear. d Companiss reported a8 tn hlfllflll‘c’ or in receivership. or 2% orvaniied under (hebank ‘Sankruptey 20 such eom- 3% BT JSV. 9\( « s 464 6% 3 6% 13% 1% 84 2% EEY T 12 9 T 3l 14 9y 8 - G030 10 1 1k ek it 0 B0k i <100 For the 24 weeks ended June 13, Washington Railway & Electric Pfd.— | D. C, THURSDAY, JULY 8, 1937 United States and World Stocks of Wheat Left on Hand July 1 of Each Year [ 1928 '29 '30 30 32 '33 ‘M4 ‘B FINANCGIAL ‘% ' 2061 General Motors Reveals Decline In June Volume Ey the Assoctated Press. NEW YORK, July 8.—General Mo- tors Corp. announced today June sales to customers in the United States to- taled 153,866 cars and trucks against asset value on June 30 would have | .op 20 in May and 189756 in June, 1936. The decline was attributed in part to production stoppages occasioned by sporadic strikes in various plants of the corporation early in the month. | The June sales were the lowest for that month since 1935. June sales to dealers in the United States and Canada together with overseas shipments totaled 203,139 units, against 216,654 in May and 217,931 for June, 1936 Sales to dealers in the United States were 162,390 in June, compared with 180,085 in May and 186,148 in June last year. THE WEATHER District of Columbia—Fair and con- tinued warm tonight and tomorrow, except probably a thundershower to- morrow afternoon; gentle winds mostly southwest and west. Maryland, Virginia‘and West Vir- ginia—Generally fair and continued warm tonight and tomorrow, except scattered thundershowers tomorrow afternoon, River Report. Potomac River very cloudy Shenandoah River muddy today. Revort for Last 21 Hours. Temperature. Barometer, Degrees. R 53 and Yesterday— 4 Record for Last 21 Hours. (From noon vesterdas to noon today.) Highes!. 91 at 4:30 pm. yesterday ) 6:15 a.m. today. Year Record Temperatures This Year, Highest. 93, on_April 18 Lowest. 19, on Febrt 2 Humidity for Last 23 Hours. (From noon vesterday to noon today.) Highest. 03 per cent. at 5 am. today. Lowest. 45 per cent. at noon today. Tide Tables. United States Coast odetic Survey.) 0dRy 7 e, (Purnished b and Ge The Sun and Moon. Rises. 8un, 4 8un Moon. Automobile lights must one-half hour after sunset today tomorrow today be turned on Precipitation. Monthls precipitation in inches In the Capital (current month to,da: Month, Aterage Rncord 55 § PPIRSSS ORI Db 2D 3= min SIBASEIRITRRZ November _ December Weather in Various Citles, ‘Temp. Rain. Stations Baro. H'h.Low.fa Abilene, Tex 20 98 70 Albany. N. Y. Atlanis. Ga Atlantic City, jaltimore, Md. irmingham 06 Bismarck. N. D. 30.10 Boston, Mass. 20 KRR Buffalo. N. Y. 30.04 Charleston. 8.C. Ghicazo Til Weath'r Columbia. 8 Denver. Colo Deiroit. Mich.” 30.04 El Paso. Tex X Indianapolis Jacksonville Philadeiphia. hoenix. Ariz. Pittsburgh. = Pa. 30.08 Portland, Me. Portland, Oreg. Raleigh ‘N, C. Salt Lake City San _Antonio 0.08 6R 0.02 30,08 . C.._ 30,04 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Amer Tel & Tel 5125 1943 Auburn Auto_co Mar; 5 Ter w.x 103 as Light 58 1919 Lehigh valley Coal 6s 1038 Lehigh Val Tr Ry 58 1941 Long Island Gen 4s 198 &R Penn-Dixie Cement hx mu Penna R R Co 4s 1t 1 Vanadium Corp 5s Vertientes Sugar Co 7s 1042 Wabash Rwy Co 5s 1039 Warner Bros ds 1030 Western N Y & Pa 45 1043 Westers Onion Tel 58 1558 —_— Neisner Bros, Inc.—Declared an initial dividend of $1.18% a share on new 4% per cent preferred stock, paysbls August 3. q 101% | squash, nearby, half bushel, | 250 pounds, I Baltimore Markets recial Dispatch to The Star. BALTIMORE, Md., July 8—Pota- toes, barrel, 1.60a1.75; 100-pound sack, 1.00a2.40; sweet potatoes. bushel, 50a 1.25; yams, bushel, 50a90; bushel, 5081.00; nearby, bushel, 1.00; beets, nearby, bunch, 17.a2; cabbage, round type, bushel, 25a40: carrots, California, crate, 4.50a4.75; nearby, bunch, 4a5; celery, crate, 1.25a 4.00; corn, crate, 75al1.10; nearby, dozen, 12al15; cucumbers, bushel, 35a 60; nearby, half bushel, 25a35; egg- plants, crate, 1.50a1.75; bushel, 75a 1.00; lettuce, California, Iceberg, crate, 2.50a3.75; Eastern, Big Boston, crate, 40a60; lima beans, bushel, 2.00a 2.75; onions, 50-pound sack, 80al1.40; peas, bushel, 1.50a2.00; peppers, bushel, 90a1.25; crate, 1.25a2.0 20a30; spinach, nearby, half bushel, 40a50; tomatoes, lug, 75a1.50; nearby, half bushel, 75al1.25; apples, bushel, 1.25; blackberries, crate, 1.75a3.50; nearby, crate, 2.50a3.00; cantaloupes, crate, 50a3.75; bushel, packed locall: 50a75; Honeyballs, crate, 3.25a3.7 Honeydews, crate, 1.75a2.25; huckle- berries, quart, 10al5; oranges, box, 2.75a5.00; peaches, bushel, 1.75a2.75; half bushel, 75a1.50; raspberries, black, quart, 11al13; red. pint, 5a8;, water- melons, each, 20a35. Dairy Markets. Live poultry—Broilers, Rocks, pound, 20a23; mixed colors, 20a22; Leghorns, 15a19; fowl, Rocks, 20a22; mixed col- ors, 18a20: Leghorns, 14al16; roosters, 10a12; ducks, 12al4. Eggs—Current receipts, dozen, 20a 22; hennery, white, large, 24a26; me- dium, 22a23; receipts, 1,572 cases. Butter—Prints, pound, 34a35: good to fancy, creamery, 32a33; packing stock, 16a17; rolls, 19a20; 1,543 tubs. Live Stock Market. Cattle, 900, including 450 holdovers; medium and good grades steers scaling from 1,000 to 1,290 pounds, strong to 25 cents higher, selling mostly from 11.10a13.00; plain grassers, slow, steady, selling down to 9.00 and be- low; she stock, weak to lower; load grain on grass heifers, 10.75. other scattered sales, heifers, 6.50a10.00; cows, slow, 25 cents or more lower; bulk low cutters and cutters, 4.00a5.2! plain and medium grade fat cows, 5.50a6.25; bulls, unevenly steady to weak; plain and medium grades, 5.50 a7.00, mostly. Calves, 275; vealers, | strong: good grade, 10.00a10.50, most- |1y: plain and medium, 7.5089.50. Hogs, 800; mostly steady with Wed- nesday; pigs, 10 cents higher; and choice, 170 to 210 pounds, 13.00 al3.25; practical top, 13.25; 220 to 12.50a13.00; 260 to 300 pounds, 12.00a12.50; 140 to 160 pounds, 12.75813.00; 120 to 140 pounds, 12.00a 12.50; good sows, 10.75a11.25; hogs from doubtful areas not represented in above prices. Sheep, 1,200; generally fully steady with Wednesday; good and choice, 75 to 80 pound ewe and wether Spring lambs, 11.25a12.00; bulk sales around 11.50a11.75; bucks discounted 1.00 un- der comperable grades ewes and wethers; 8.00a11.00; mostly, 9.00a10.50; fat clipped slaughter ewes steady, from 4.00 downward; old, thin sheep, 1.50 a2.00. T5a Grain Market. Opening prices were: Wheat—No. 2 red Winter, garlicky, spot, domestic, 1.22. Settling prices were: No. 2 red, Winter, garlicky, spot, domestic, 1.21'3. Corn—No. 2 yellow, domestic, 1.20; Western billing at a premium over this price; cob corn, nominal. Oats—No. 2 white, domestic, 62a72; No. 3, 61a71; with the exception of grain on track, there is an additional charge of 1l cents per bushel for beans, | 18a10; carp, 3a4; eels, 8al 50a | receipts, | | bers steady to | good | plain and medium grades,} storage and elevation. 95a1.00. Barley—85a70. Hay—Receipts generally light and while market is dull values are well maintained. Good choice timothy and clover mixed hay are selling mostly 17.00 to 22.00 per ton, but poor grades are hard to move and the market is irregular on all grades below No. 3. Straw—Market quiet under fairly | liberal receipts, but prices hold steady at 13.00 per ton for No. 1 wheat and No. 1 oat straw. sales at irregular values. Sea Food Market. Catfish, per pound, 5a6; Rye—No. 2, dressed, : haddock, 8a10; mackerel, 5a6; white perch, 6a8; vellow perch, 10a12; trout, 5a6; bluefish, 10a12; flounders, 10a12; croakers, 4a5: spots, 4a5; hard head. 4a5; butter fish, 5a6; soft crabs, 1.25a 275; hard crabs, barrel, 3.50a4.50; dozen, 30a45; crab meat, pound, 25a35: shrimp, 15a20; clams, large, 100, 80a90; Cherrystones, 60a65; Little Necks, 50a55; frogs, each, 25a35. Tobacco Market. Maryland farm leaf, nondescript 3a4 per pound: common, 4al0; me- dium. 10a30: good to fine red, 30a40; seconds, common, 3a7; medium, 7al5; good to fine, 15a35. LOAN AND INVESTMENT TOTAL DROPS SHARPLY By the Associated Press. NEW YORK, July 8.—Total loans and investments of Federal Reserve member banks in leading centers dipped sharply in the week ended June 30. The downturn reflected a further drop in bank holdings of Government bonds and a 31 per cent reduction in loans to banks, financial eircles said. Loans and in 101 cities reported by the Federal . Reserve Board, compared as follows: Week ended June 30..$22.290.000,000 | Previous week___ = 22111000000 Same period last year__ 22,619.000,000 LONG TERM Mortgage Loans Monthly Lower grades slow | DEMAND STRONG IN STEEL INDUSTRY Consumption High in Most Groups Except Motors. Scrap Advances. By the Associated Press. NEW YORX, July 8.—Steel cone sumption continues high in most im- portant divisions except the automoe bile industry, Iron Age reported to« day. Bright spots in the steel situation, the survey added, are indications of a revival of buying of railroad equip- ment and higher scrap steel prices. “The steel companies against which C. L O. activities have been directed have gradually been getting back to near-normal operation,” the review stated. “Only the Indiana Harbor plant of the Youngstown Sheet & Tube Co. re- mains completely idle, a blast furnace at its SBouth Chicago works having re sumed operation. At Youngstown the company is operating at 90 per cent, & 40 per cent rise from last week. “Republic Steel Corp. is operating its Youngstown district plants at an average of 60 per cent, and its Cor- rigan-McKinney plant in Cleveland, which resumed work Tuesday, is now at 50 per cent, with a higher rate | expected next week. “The Cambria Works of Bethlehem Steel Co. at Johnstown, Pa., are oper- ating at the rate in effect prior to its strikes. The Inland Steel Co., which | reopened its plant July 1 on the basis | of an arrangement with the Governor of Indiana, is back on full-time pro= duction. “The second half of the year be gins under favorable conditions exe cept for strike difficulties. Although new business continues to decline, the rate of consumption is high in nearly all major lines except the automobile industry—where fresh buying during the next few weeks may reverse the present downward trend in orders. Steel backlogs are still substantial in a number of products, including tin plate, sheets, plates, structural shapes, oil-country pipe and pig iron, assuring a high July operating rate, “There are signs of a revival of buying of railroad equipment, as some car-building shops approach the com= pletion of their present orders, “Steel scrap prices have advanced 50 cents a ton at Pittsburgh and Philadelphia and have strengthened elsewhere, chiefly because of the breaking up of the steel strikes. The Iron Age scrap composite price has advanced to $17.42 from $17.08, the first upward revision in 14 weeks. Contrariwise, Connelisville coke has declined 15 cents a ton on the furnace grade and 25 cents on the foundry grade.” U. S. TREASURY NOTES. NEW YORK July & P —Prices quoted | in"dollars “and thirty-seconds Per rox. A(k’-d KA A investments of mem- ?M_p Dee Jnn- ‘\m 5% = Payments of each $1,000 borrowed, include interest and pay off loan in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 66%5% of appraised value. ® Valuable prepayment privi- leges Other plans mortgage of financing tirst loans available H. L. RUST COMPANY 1001 Rifteenth Sc NAtional 8100 REAL ESTATE LOANS On Improved property in D. C. and Arlington County, V a. NO COMMISSIONS RENEWALS UNNECESSARY A pplications invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. Before you re- finance, build or remodel—See us. Charles Kattelmann_.__ President Arthur C. Balser _ Wilfred H. Blanz. Guy M. Neely ASSETS Vice President ‘The American has been helping the people of Washington to acquire homes for the past 63 years. American Building Assoriation 300 Pennsylvania Ave. S. E. OVER $9,700,000