Evening Star Newspaper, July 9, 1937, Page 13

-~ FINANCIAL. 1.5, BONDS EASE, OTHERS ARE MIXED « Alleghany Loans Continue to Hold Spotlight, With 5s of 1950 Higher. Bond Averages Intust. Ul Net change. +.1 —.1 Unc. Today. noon. 93.1 1029 96.6 Prev. day 93.0103.0 96.6 Month ago.. 93.4103.2 982 Year ago. 92.6103.3102.5 1937 high__. 99.0 104.4 102.8 1937 low:. 9091022 958 1936 98,21044103.1 1936 low 86.9101.8 993 1932 low. 458 400 646 1928 high__101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon _.._110.7 Prev. day- 110.7 Month ago111.0 Year ago.111.9 1937 high_ 1137 1937 low_. 108.4 1936 high_ 1135 1936 low_. 110.2 1928 high. 1044 1932 low_.. 86.8 10 R (Compiied by the Associated Press.) Br the Associated Press NEW YORK, July 9 —Federal obli- rations sagged a little, while domestic corporate issues were mixed in quiet bond dealings today. Movements held to narrow limits, Alleghany liens continued to hold the spotlight. The 5s of 1950 gained more than a point, while the 4s of 1944 edged down Rail obligations were mixed. Great Northern 4s dropped around half a point. and Union Pacific 3'.s improved about the same amount. Missouri Pacific 5s. M.-K.-T. 5s and Erie 5s scored slight gains. Studebaker 6s lost 2 points. Util- ities came to the front. with Consoli- dated Edison 3';s climbing a minor fraction and Detroit Edison 4'as up about 35 Leading industrial issues were quiet and held fairly level. - 0DD-LOT DEALINGS. e Associated Press. 3§ The Securities Commission reported today these odd-lot transactions by dealers and specialists on the New York Stock Exchange for July 7: 9.881 es to customers, involving @266.002 shares: 7.714 purchases, volving 190458 shares, NAMED TO COPPER BOARD. NEW YORK, July 9 (#).—George N Humphrey, president of M. A. Hanna Co., has been elected a director of Phelps-Dodge Copper Corp. to fill a vacancy. de- Sta- Pav- record. ab Rate, Agnew Surp Sh Strs Raym'd Concrete Pile riod e the Resumed Nehi Corp s Obpenheim Collins Initial Protective Life Ins Bt Increased AAznew-Sur Shoe Strs e Accumulated. cum pf $4 5 pf BlC Regular. Aenew Sur Shoe Strs Do pf Al Lid 6% Am Mach Am Wat W Atlas Powd Dividend Shar Elec Prod zen Knitting M o pf Alum Ltd 6% #-1 Allied Intl Inv 51 A 9-1 10-1 00 P Loews. Inc & Law ce Do, pi Toledo Ed 7° Do. 67y 2200000 Worcest Do. b Addressc-Mulii The Far. C General ‘Bakir Knickerbocker Ins Walgreen Co nf Canadian Dredge Ntl Radio (x) Phenix Se January : s was_paid lus 1-70 share of Certain-teed Products Corp. 6 per cent preferred. NEW YORK BANK STOCKS NEW YORK. July eurity Dealers’ Associalion (Quotations &s of 2 o'clock.) Bid 3 000000 0! K initial dividend Bk of Manha Bankers Bklyn Tr _(4) Cen Han Bk & Tr Chase Nat (1 40) Ehem Bk & Tr (1.80) Commercial (» Cont Bk & Tr (S0 Corn Ex Bk & T () Empire Tr (1) First Nat (Bos) (2) First Nall 1100 Guaranty Tr (1 601 ers Tr Lurers Tr N ¥ Trust o pblic (172) Tile g &' T FEDERAL LAND BANKS }!a’;;i;“;)oxg-RKk July 9 (4) pr ( 5) #.—Pederal Land Asked. 1015 1023, 10714 1091 10013 10013 10018 Bs the Associated Press The positio Receipts. B SROA2.170 22 alance cusioms receipts for ).R57.17 Receipts for_the fiscal year (since July z 8 I expenditures. $271.- 9.R68.45" of excess of ex- ures. $145.510.578 38: gross debt, 5.071.336.15 an _increasc of 1. over ‘the previous dav: gold 375,908 502,03, including $1.- 7 of inactive’ gold of Ju expenditu EORETNY the ‘month, £46 expenditure: FOREIGN MARKETS. LONDON. July 9 (#.—The stock market closed steady'and speculative interests were active. Home rails and _trans-Atlantic shares moved higher and silks. sieels and tobacco issues were in good demand. For- eign_bonds remained quiet. while the oil. mining and gili-edged divisions were active Industrial shares were gen- ek at the close of the Bourse to- Rentes finished unchanged to 50 ceptimes net higher and coal shares also & fold hicher. Suez Canal lost 370 francs on the day and Roval Dutch deciined 135 (rancs. REICHSBANK STATEMENT. BERLIN. July 9 (.—The Reichsbank statement ‘as of July & shows the follow- ing changes (in thousands of Reichs- arks) otes in circula'n 4.793.000 —198.000 Gold GRORR 34 Foreien currency re- other < bills "of er bills "o change ' checks Other daily matur- ing obligations 697.663 dvances 01 stments 08 Ratio of gold and forelen a,naotes. 1.6 per cent. Rate of per cent. MONTREAL SILVER. MONTREAL. July 9 (#.—Silver future; pened firmer. ‘10 higher. July, 44.9 Bevtember. " 44.65h! >—Bid. 5.682 — 104 —324.319 —182.872 + T34 currency ‘to discount, 4 ex- 4.958.41 in- | New York Se- | December. 44.60b./4) By private wire direct to The Star. All time shown below is davlight saving on which the Exchange is now operati: Approximate Transactions Today. U S Gov't Bond; 670,000 Foreign Bonds .___" 1,030,000 Domestic Bonds._. 5.860.000 TREASURY. High. Low. 21%s1949-53____ 238194547 2519 25 1951-54 .20 104.28 104.28 106.8 106.8 106.10 106.11 105.14 105.14 34 1946-49 3%s 1941 31,S 194446 _ 3345 1940-43June 105,18 3% 1946-56 ___ 109 451944-54 11118 4%45-3143°43-45_ 106.16 4148194752 115.28 11115 106.14 115.27 11118 106.14 115.27 FEDERAL FARM MORTGAGE. 235 1942-47____ 101.20 101.20 101.20 38 1949 17 10217 311964 103. HOME OWNERS' 238 1042-44____ 100.7 2851939-49____ 100.19 351952 - 102.7 103. LOAN. 100.5 100.5 100.16 100.19 102.7 102.7 FOREIGN BONDS. Hish. Low. Close. Abitibl Pa&Pw 58 '53 9% Acr Mtg Bk Col 6348 ° Antioquia 7s'45 A __ Antioquia 3d s 67 Argentine 4s° - Argentine 415s 71 __ Argentine 63 57 A Argentine 65 60 May Argentine 63 ‘60 Sept Argentine fs 61 Febr Argentine 6s 61 May. Australia 41 Australia 5s Belgium 6s°55 _. | Belgium 61,549 _ | Belgium 7s°55 | Brazil 6128 2 | Brazil 6 Brazil 7s | Brazil 8s 41 | Breda Ernesto | Brishane 6s 50 = Buenos A C 6148’55 _ Beu A 415-4%5'77 Pv Buenos Afres | 4%s-45s"76 April | Buenos A 4135’ Aug Buenos A4l;s-4%8'75 Bulgaria 71s 68 nada 21 s 44 100 fi 100%; 101 106% 1128 1 Chile 6861 Jan [ Chile 6s 62 - | Chile Mtg Bk 6s°62 Chile Mtg Bk 6128 '57 Chile Mtg BK 63861 | Colombia 6s ‘61 O Copenhagen Cordoba 7s 42 prv __ Cordoba 7s '37 stpd __. | Cuba 5125 45 Cuba 51,8 '53 . Denmarx ¢ Denmark 58 Denmark 6s 42 tonia Ts'67 .- French G 71;s'41un st Ger C Bk A 6s'60 July Ger C BK A 6360 Oct_ Ger Gov 528 65 st Ger Gov b 5 un st Ger Prv & City Bank con Ag 61,858 Ger Rep 7s 4u stpd {GrtCElJap Ts'44___ Greek Gov 65 '68 . reek Gov 7s '64. Haiu 6352 | ltaly 7s 51 | Ital Crd P W 7547 B_ Ital P U Crd 7s 52 Japan 51, | Japan 6 | Kreug&Taoll 53 | Medelin 6155 54 ____ | Met Wat 515850 | Mex 45°10- 45 asst Ize | Mex 45°10-'45a8st sm | Mexica 4s 54 asst | Milan 614552 = Minas Gers 613558 _ | New So Wales 6s 57 | New So Wales 6s'58_ ord Ry 6125 ‘50 orway 4s 63 orway 41,5 '65 Norway 6544 _ | Norw Hy E16%s'57 | Paris Orl Ry 51,568 | Peru 6560 | Peru 6361 _ Poland 6s°40 | Poland 7s 47 | Poland 8s & | Prussia 6s 52_ | Queensland 7s *41 | Rhine W E1 P 6355 1031 10075 10150 1001 1011 1057 99% 105 381k Rio de Jan 8s 46 ! Rio Gr do Sul Ts '66 | Rome 61,5 Roumania 7s ‘59 Sao Paulo C8s°5 20 Paulo St 65 '68__ a0 Paulo St 7s 40___ Sao Paulo St 8850 ___ Shin'suE P 6%s'52__ Sydney 6148 '55 Tatwan Elec 5 | Tokio 6143 61 Tokio B L Ltd 65 '63_ Ujigawa B P 7845 n Stl Wk 615547 Uruguay 6860 _. Uruguay 63’64 Uruguay 8s 46_ Yokohoma 63 ‘61 DOMESTIC BONDS. Adams Express 4s 47 100% 100% Adams Exp 4%s 46 _ 101 Ala Grt So con 5s'43_ 1124 Alleg Corp o8 44 _ Allez Corp 58 49 Alleg Corp 55 '50 Alleg Corp bs 50 stp Allied Stores 4% ‘51 Am & For Pw 65 2030 Am1GChbls 49_ Am T & T 3%s 61 Am T & T 33,5 66 AmT&T 4%s 39 | 5k ¢ e ol Am T & T6is 43 | Am T F 2155-55'38-'60 Am Wat Wks 6875 | Anaconda deb 418 ‘50 Anglo-Chil Nit 7s ‘67 Armour(Del)1st 48’55 Armour (Del) 45 '67 Armstrong Ck 4s '50_ A T&S Fe 45 05-'65 S Fe gen 43 '95 A T&S Fead) 4s 95 st A T&S Fe 4%s 48 AT&SFeC A 41862 A T&S Fe TSCL 45’58 Atl Coast L 1st 4882 Atl Coast L cit 48°52. AtICL un %864 Atl Coast Line bs 45 Atlantic & D 1st4s'48 Atlantic & D 2d58°48 AtIG & W 1st 68°59_. B&O 1st4s 43. B&O4%s 60 ___ B&O 18t 68°48 ___ B&Oref 68 95 A. B&Obs 96 F B & O ref 63 2000 D B&Oref6s 95C _ | B&O PLE&W V4s'41 Bell T of Pa 53 '48 B_ Beth Steel 33366 __ Beth Steel 433 60 __ Bos & Me 4%s'61J__ Bos & Me b8 ‘65 Bos & Me 65 67 BosN Y A L 4s'55___ Bot Con M 635s°34 .. Bklyn Ed con 3%s ‘66 Bklyn Man T ¢35 ‘66 Bklyn Un EI bs ‘60 Bklyn Un Gas 5s ‘45 Bklyn Un Gas 58 50 Bklyn U'n G bs 57 B Buff R&P con 43867 Calif Packing 55 40.. Camag Ts i2ctis . Can'dian NR 43%s '57 Can'dian NR 4% '56 Can'dian NR58'69 Oct Can'dian P db 48 perp Can‘dian Pac 4%8 48 Can'dian Pac ¢%s 60 ‘Can’dian Pac 68 '54_.. 22% 1011% 8919 100 1121 9415 104% 84% 104 24 112% 115% 112% 94 104% 84 104 23% 112% 115% 115% 117% 117% 117% 95% 4% 947 104Y% 104% 104% 103 1027% 103 107 107 107 THE EVENING STAR, WASHINGTON, D. C., FRIDAY, Cent of Ga 6859 C_.. Cent 1B &G 6851 Cent I11 Lt 3148 '66__. Cent N England 48°61 Cent of N J gen b8 '87 Cent Pac 18t rf ¢5°49. Cent Pac 68 60 < Cent RR B Ga 58 '37_. Cent Steel 85 41 Cert'd deb5s'48 _ Champ P&F 4%s '50_ Ches &0 33,5'96 D Ches & 0 3145 '96 B. C&Ogen 4148’92 __ Chi B&Q gen 48 58 _ Chi B&Q ref 58 '71 Chi B&Ql div 3%s Chi&E 1116351 __ Chi Grt West 4569 _ Chi Ind & Lou 45 *47__ Chi I&L gen 55°66 CM&StP4s'sy CM&StP gn 4%8'89 C CM&StP6s'7p CM&StP&P adj5s2000 Chi & NW gen 31,587 Chi & NW 4148 2037 Chi & NW 41482037 C Chi& NW 4%8'49 _ Chi & NW rf bs 2037_. Chi R I&Prf 4s 34 _ Chi R I&P rf 48'34cts. Chi R I&P gen 43 '88_ Chi RI&P 45 '88 ctfs_. ChiR I&P 4%8'62 _ Chi RI&P 438 '52 ctf ChiR [&P 4%8 60 _ Chi T H&S 15t 63 '60_ Chi Un Sta 8%s 51 _ Chi Un Sta 4544 __ Chi & W In con 48 '52 CinG&E3%n'66 _ Cin Un T 3%s Dgtd_. Cin Un Term 5s 67 CCC&St L rf 4% 8'17E CCC&SILCW&M4s'91 Clev Un Ter 4%s 77 Clev Un Ter 58'73 B Clev Un Ter 516'72A Colo F & 1 55'43_ Colo F & I 58 70 Columbia G & E s ‘52 May Columbia G&E 55 '61_ Colum Ry P&L 45 '65 Comcl Credit 3% 851 Cons BEAN Y 31,846 Cons Ed N Y 3%3°56 Cons Gas NY 4%s 51 Cons Coal Del 5860 Consol Oil 3158 ‘61 Consum P un 3158 ‘65 Consum Pwr 316870 Consum Pwr 3%s ‘65 Container deb 5543 .. Crane Co 3158 '51 Crown Will P 68 '51 Cuba Northn 5348 '42 Cuba RR 18t 5852 | Cuba RR 6536 __ | Dayton P&L 314560 Del & Hud ref 4s 43 _ Den & R G con 43 '36. Den& R G W 6355 _ | Den & RGW 5s'55asst Den & R G ref 6378 _ Det dison 3158 66 __ Det Edison 4365 F Det Edison 413 ‘61 D { Duquesne Lt 3145 65 ETV&Gacnb5s56. Elec Auto Lite 43 '52_ Erie cons 4s'96 Erfe gen 45 ‘96 | Erteref 5567 _ | Erieref 5875 Fairhks Morse 4 '66_ Fed Lt&Tr 65’54 B Fla EC Ry 5374 Gen Mot Acc 38°45 Gen Mot Acc 3148 "51. Gen Stl Cast 5155 49 Goodrich 43556 Goodrich 6s 45 __ _ Goodvear T&R s '57 Soth Silk H 5546 ww Grt Nr Ry 3%15°67 Great N Ry 43 46 G__ Grt NRy4s'46H Grt NRrf4%s'61 A Grt NR gen 413875 |Grt N R gn 415877 GrtNRbY%s 62B __ Green Bay 68 '62 B __ Guif Sta Stl 4755 61 Gulf States Util 4566 Gulf Sta Util 414546 Hock Val 41599 reg Hoe (R) 1st mtg 44__ Houston Of] 535 40 Hudson Coal 63 = Hud & Man inc 68 '57_ Hud & Man ref bs *57_ 111 Bell Tel 375870 _ 111 Cent col tr 48 '52_. I Cent 4% 8’66 _ 111 Steel deb 4358 *40_ Int R T 1st rf 5866 IntRT 6s'32_ IntRT 78°32__ ICC&St LN O 4 ICC&St LN O 58763 111 C&C SL&NO 55 51 Interlake Iron 4847 Int Agr-cl 65" Int Grt Nr6s'52 A __ Int Grt Nradj 6852 A Int Hydro Elec 6s 44 Int Mer Marine 6841 Int Pap 1st 53'47 A_ Int Pap ref 6s'55 Int TET cv 4% Int T&T 4%s 52 Int T&T 6s '55 Towa C 1st&rf 48 '51 James F & C45'39 __ Jones&L Stl 414 5'61A Kans City So ref 58'60 Kans C Ter 1st 4560 Kans G&E 4158 '80 Kings C L 15t 6155 '64 Kresge Found 313847 Laclede Gas 68'39 __ Laclede G 633853 C Laclece G 63,860 D_ Laclede Gas 6342 A_. Lautaro Nit 19758 Leh C&N 4% 54 A_. Leh Val Coal 5564 Leh Val Coal 6538 Leh V P con 48 2003 __ Leh V P con 433 2008 Leh V RR con 58 2003 Ligg & Myers 55 °'51__ Ligg & Myers 78 '44. Loew's 3%8°46 _ Long sl ref 45'49 _ Long sl rf 4549 stp_ Long Isl unif 4549 __ La & Ark 53 69 K Louisv G&E 314566 L & Nash 8% 2003__ L & N 18t 45 2003 L &N 43452003 C_ McCrory Strs 6851 . _ McKess&Rob b%5'50 Man S 1st 73, 8'42ctts Manhat Ry 4890 Manhat Ry 4890 ctfs Market StRy 78'40 A Mead Co 6s°45 . Met Ed 1at rf 43868 Mil El R&L 53 '61 Mil El R&S L rf 58'T1 Minn & St L rf 48 °49_ Minn & St L 58 '62 A _. Minn & St L 58'34ctfs MStP&SSM 5838 gtd MStP&SSM cn 4838 MStP&SSM 513m'49__ MoK & T Lst 48'90_. MoK&T4s 62B. MoK & T 41,5°78_ MoK &T6s 62 A MoK & T adj b» '67._. Mo Pac 4876 __ Mo Pac 5365 A. Mo Pac 5817 F Mo Pacific 65 81 1_. Mo Pac6is 49 A Mob & Ohio 43,877 __ Mob & Ohio 5538 Mob & Oh M div 5847 Monong Pub S 434860 Monong Pub S 6s ‘65 Monong Ry 1st 48 '60. Mont Pwr 3% ‘66 Mont Tram 5s 41 Morris & Es 3% 2000 Namm & Sons 6843 . Nashv C&St L 4578 Nassau Elec 4261 gtd Natl Dairy 3% s'b1ww Natl Dis PC4%s'45_ Nat Ry Mex 1st 43 ‘blasst __ __ Natl Steel 48 65 __ New Jer P&L 418 '60 New Orl P S 65 656 B New Or Ter 1at 45 '53 New Orl T&M 4% 8'56 New Orl T&M 5s'54 B New Orl T&M 6% 8’54 N Y Central 3% s 52 NY Central 8% NY Central 3% NY Cent con 48 98 __ NY Cent rf 4348 2013. NYCrf4%s2013n._. NY Cent rf 58 2013 NYCLShi3%s'ss '39.. BONDS ON N. Y. STOCK High. Low. Close. 17% 17% 17% 101'% 101'5 101% 104% 70 528, 109% 10414 101 10674 103 92% 39% 103% 105% 3% 105% 106% 96%a 91 50% 52 57% 108% 98 102% 98 89% 89% 29 90% 1041 70 52% 1095 1041 70 528, 109%, 98 92 124 83 hle 10614 17 111 8813 106 107 10414 101 10674 107% 9314 9215 109% 9914 |1 2 100% 9714 91% 108% 9% 102% 97 89% 89 93% 20% 977 9% 120% 111Y% 117 108 354% 4% 27 152 50 Has, 26 9213 102% 106 109 105 82 9954 99 106 97 1051 10415 100 9T | Ph EXCHANGE High, 104% 87 99 108% 10114 99% 974 35% 20 42 64 424 14% 21% 104 105% 33 201 107 13% 103% 1014 116% 1081 1023 7414 104% 95% 100% 110% 2315 994 104% 111 1074 92 “ 103 107 101% 1015 935 1003 103 100 Low. Close. 104% 104% 86l 86% 981 99 108% 108% 100% 100% 981y 993, 97y 9744 358 353 19% 20 41 64 42 14% 21% 10414 105% 31 19%, 107 13 1038 1011, 116 10315 102% 74 104 95 10014 110% NYChi & St L 4s'46 NYC&St L 43378 __ NY Chi & 5t L 6838 NY Conn 1st 43,853 NY Edison 3%s 65 D. NY & Green L 58°46__ NYL& W 1st 4573 NY NH & H 4855 NY NH & H 4867 NY NH& H 4%s'67 NY NH & H cl tr 65°40 NY NH & Hcv 6548 NY O&W gen 48°65__ NY O&W ref 4s 92 NYQueens con3 % '65 NY Steam 6s ‘56 = NY S&W 1st rf 58'37. NY S&W gen 55’40 NY Tel gen 414839 __ NY W&B 4% 46 - Niag Falls P 3%s°66. Niag Sh6%8°60 __ Norf & W 18t 45°96__ North Am Co 6861 __ North Am Ed 58°67 A Nor'n Pac gen 3s 2047 Nor'n Pac 4s ‘97 Nor'n Pac 4% 2047 Nort'n Pac 58 2047 C_ Nor'n Pae 63 2047_. Ogden L C 4s 48 - Ohio Edison 3%s'72_ Ohio Edison 45 65 __ Ohio Pub Sve 7s "47__ Oreg W RR 4s 61 Otis Steel 4153 '62 Pac Gas & E1 3%s'66. PacG& E3%s 61.__ PacG & E 4s 64 Pac T&T rf 83,8 '66 B Pac T&T 3%s 66 C__. Param’t Pic 31 8°47 .. Paramount Pic 6s ‘65 Penn Co 45 '63 Penn Dixie C 6s'41 Penn P& L 4%8'81__ Penn RR3%s w1 Penn RR 3%8 70 C__. Penn RR 4% 8'81 D__ Penn RR 4% s 84 - Penn RR con 423560 Penn RR gn 865 Penn RR deb 4%s 70 Penn RR gen §s ‘68 People GL&C rf 55'47 Peoria & E 15t 48°40_ Pere Marg 1st 45 '66 .. Pere Marq 4%s ‘80 Phelps Dodge 314852 Phila B&W 4s 43 Phila Co 5867 " Jlec 312867 __ R C&I 68°73 Phila & R C&1 68 49 Philippine Ry 4s'37_. Pillsbury F M PCC&St L 49 PCC L bs Pitts&W Va 414« Port Gen El 4148 60 Porto Rico A T 6s'42. Postal Tel & C s 53 . Purity Baking 5s'48_ R-K-0 6341 Reading Jer C 4s°'51_. Reading R 414897 A Rem-Rand 43, s'56ww Republic Stl 4148 50 99 102% 1075 101% 101 92% 100 103 99% 101% 10614 9915 107% 1073 120% 110% 41020, 17 113 | Republic St1 41,856 Republic St] 41,8 "61_ 4 | Republic St] 53,854 | Richfield O 6844 ctfs R1A&L 1st 41 Rutland Can 4849 __ Rutland RR 4%s '41_ R&G 4533 an 4s'60 A F 4550 A ctfs Fran 415578 350 B ctfs W 1st ter 53’52 L4841 San A & A Pass 4s'43 San An P Sve 6s eabd A L re eabd A L 4s eabd A L 68 Sharon Stl cv 43¢ Shell Un deb 33s'51. lesian Am 7s'41_ kellv Ofl 4551 ou Bell T&T 33562 So Pac 3%s 46 So Pac col 4549 So Pac ref 4s So Pac 4148 69_ So Pac 418 '81_ So Pac S F Ter 4s So Pac Oreg 418 '77_. So Ry gen 48’56 A___ So Ry 5594 { So Ry gen 6s 56 So Ry 613%°56 SoRy M&O 45’38 __ So Ry St L. div 4s'61. S W Bell Tel 3358 64 Stand Oil N J 3s°61 Studebaker cv 68 '45_ Swift & Co 3% 8'60 ‘Tenn E1 Pw 6s 47 A_. Texarkana 51 0 Texas Corp 3158°51 _ Texas & Pac bs 79 C_ Texas & Pac 5s'80 D_ Third Av ref 4s°'60 Third A ad in ex 55'66 Tide Wat O11 33552 Un Oil of Cal 3%s '52 Union Pac 3%48°70___ Union Pac 8%8°71 _. Union Pac 1st 4s47_. United Drug 68 ‘53 U S Rubber 6s '47 Utah L& T 58 44 A Utah P& L 6s'44 1P & L5s 59 ww. UUIP&Lo%s 47 ___ Vanadium cv 5s ‘41 V C&P 18t 47;8'34 ast Ver Sug 1st 7s'42 ctfs Va B & P 1strf 4855 Va Ry 15t 3%8 66 A_ Wabash 41,878 Wabash 1st 6s 39 Wabash 6376 B Wabash 6s 80 D_. Wabash 5.8 75 _. - Walker H&S 4% 845 Walworth 6s 55 new_ Warner Bros cv 6s ‘39 Warren Brcv 63 '41 _ West Penn P 31866 West Pa Pw 45 °'61 H_ W Sh 1st 48 2061 gtd. W Sh 1st 48 2061 reg_. West'n Md 1st 4s 62 Westn Md 5%8 77 ___ West'n Un 4338'60 . 9 Westn Un cl tr 68 '38_" Westn Un 63 '51 West'n Un 6s 60 Wheel Steel ¢ W Sp Stl con 7s 35 et Wilkes B&E 1st 6s 42 Wilson & Co 4s 55 Win Sal S B 1st 45 '60 ¥'ngstn S&T 3%s '61. Y'ngstn S&T 4s 61 1018 10815 140 101% SHORT-TERM SECURITIES. (Reported by Chas D. Barmey & Go) Offer. Am. Tel. & Tel. 5%s 1943 112% Auburn ‘Auto Co. 4%s 1639 57 Baldwin Locom. W. 58 1940 Calfornia PacKing bs 1940 Caro., Clinfd & O. bs 1838 Ches"' & Ohio Ry. 5s 193 Edison El. llum. 4s 1638 Gen. Pub’ Bervice 528 1939 Gr. Rapids & Ind. 413s 1941 Houston Oil 5'as 1940 Int. Merc. Marine 65 1941 Intl: Tel & Tel. 4125 1939° Laciede Gas Light 5s 19: Lehigh Valley Coal 65 1938 Leh. Valley Ter. Ry. bs 1941 Long Island Gen, 48 1938 Louisville & Nash. 45 1940° Michigan Central 4s 1940 Midland R. RN J. 55 1840 Milw. & Northern 4%as 1938 N. Y. C. &St. L. 6% n, 1938 New ‘York Dock 5s 1938 N. Y. Susa. & West. b5 1040 New York Tel. Co. 4%s 1938 Parific R. R. of Mo. 45 1938 Penn-Dixie Cement 65 1941 Penna, R. R. Co. 43 1943 Rio Gr. Western 4s 1939 Ter R.'As. Bt. L_4%s 1939 Vanadium Corp bs 1941 Vertientes Sugar Co 7s 1942 Wabash Rwy. Co bs 1930 Warner Bros. 6s 1930 Western N. Y. & Pa.'4s 1043 Western Union Tel. 55 1938 NEW YORK SUGAR. NEW YORK. July # (#.—8ugar futures were steadier today ou further trade cov- ering and commission house buying pro- moted by the steadiness of the spot market and better mou:m!nt of refined as result { warmer weather. 2 July No. 3 sold up to 2.54 and January to 2,42, or 1 to 2 ints net higher. In the No 4 contract, ptember sold at 1.21 and May at . or 1 to 2 points net higher, with the market at 2 p.m. at or ‘within a point of the best. Putures No. 3 closed easy. 1 to 3 lower. T :* November, ry. 2.39b: March. 2.39b; May. 2.43b. b-Bid. 10435 1031z 107 1067 1023 1007 10274 71% o7 J 106k 104% 101 108% 102 1% 913 933 105% 102Y 1067 155398 oS non 2382133305855 0us [ SHOWS INCREASE Hot Weather and Price In- ducements Help Spur Sales in Week. By the Assoctated Press. NEW YORK, July 9.—Most divisions of retail trade hit a faster pace this week, Dun & Bradstreet reported to- day. Hot weather needs &nd the attrac- tion of price inducements helped spur sales, the survey sald. “Trade shows ushered in the Fall wholesale season, with buyers en- couraged to more liberal commitments by returns of early crop marketings,” it added. Stressing the retail turnover of sea- sonal goods, the review said, “none of the leading centers of distribution falled to surpass their totals of the week preceding. As the buying pace at some of these was the most ac- celerated since early Spring, the in- crease varied from 3 to 8 per cent. “Spending of the soldiers’ bonus money at this time last year, however, prevented the rise in the estimated volume of retail distribution over the corresponding 1936 week from exceed- ing 12 to 22 per cent. “Buoyed by well-attended trade shows in several principal markets, most branches of the wholesale trade shifted to higher gear this week. “Official opening of Fall lines of women’s suits and coats, hosiery, fur- niture, rugs, and homewares provided the propellant that spread activity to other divisions. “With current expansion of con- sumer purchases dispelling anxiety re- garding season-end carry-overs, some retailers have set Fall budgets up 10 to 15 per cent from last year’s. “At most of the leading shoe manu- facturing centers operations increased. Still struggling with heavy backlogs, bardware plants in some sections were hampered by shortage of skilled ‘labcr. Strongest demand for lumber was from the furniture industry. Washington Produce BUTTER 02 1-pound prints, 36: Ya-pound prints, 17, tub._45. 90 score pound prints. 35.''1-pound prints, tub 34: market stror MEATS--Choice beef calves, 15a veal, 17 Spring lamb Fall lamb, cows, 157 fresh pork. 30 frozen pork, | 27 pork lom fresh hams, 24: smoked | hams 2K “sliced’ bacon. 4. slab bacon, $0; compound. 131, lard. 14, LIVE STOCK —Pigs. 10%ali 1172a113; ~heavies, 117412 pounds. 111,al13,. sows. ;810 Sai: calves. 7an’ Prices paid shippers. net fob. Wash- ington. By the United States Bireau of 1 Ecos Marke. prices hennery white. © graded and dated large. 29 cents ', cents: U. B, POULTRY— Market unchanged. Fowl cents: a few at Leghorns cents 36, 16 mediums o B stags, steady un- ceipts. 20 to to "3 cents white eggs U S extras. standards at ed cents Governmes S extras Anker about steady. Colored. heavy. 1% cents. No. 75 to 14 cents: No cents Chickens. Rocks: Virginia, pounds, 1R 16 cents. Tur- old toms. roosters to 21 cents cents: Leghorns, less than 2 pounds | keys:" Old hens. 16 to 1; cents. | 18"10 24" centa. Fruits and Vegetables. Bales in large lots by original up lo N am toda | CANTALOUPES—Four California | ived. elght broken and four unbroken c on track Western stock. Supplies mod- erate. demand moderate. markel steady fa. salmon meats jumbos. 7S 00° fumbos_ 455 4.00. Arizona s, 300, 368 standards. 45s. Stock. Truck re- | 1 demand receivers . 3.50-3.35 Southern | slow: market | mon'meats. 2. Carolina. _'ssimon standards, sizes. 50-1 0¢ HONEYDEWS—No carlot arrivals: three broken cars on track. ~ Supplies moderate crates. 95 and 1% 205: jumbo crates. s and Ks. 175, CELERY—One New York arrived: two | broken mand light crates _ind 3.25-3.50 dozen LETTUCE—Four York arrived: six broke broken cars on t demend light Western crates. Iceberg type. 3.50° few higher: poorer lower: New York Eastern crates, Big Boston type. 2 65 ONIONS—No carlot arrivals: no cars on track. _ Boat receipts equivalent to one cars. Eastern 'Shore. Virginia. _Supplies light: truck receipts light: demand light: market steady. Eastern. Shore. Virginis 50-pound sacks. vellows. U. S. No. 1. 1.15- 25 poorer lower. PEACHES—No carlot arrivals ken car on track. Truck receipts Hght; supplies licht: demand light: market steady. North Carolina, bushel baskers, Elbertas U. 'S No_ 1_2's-215 inches. 3.50. 4.00: Hilevs. U. S. No_ 1 inches 12-bushel baskets s U, 8. | No te-inch minim 1.00-1'2 Arkanses. "1, bushel baskets. 2-inch min mum_ Fair Beauties. U. 8. No. 1. 1.85 PEAS—One Oregon arrived: five_broken and one unbroken cars on track. Supplies moderate: demand light: market weak California, bushel hampers, Telephones. 1.50-2.00. Potato Market Weak. POTATOES—No carlot arrivais: no ears on track. ~ Boat receipts equivalent to 1% | cars Eastern Shore. Virginia. Supplies moderate: demand moderate: market weak. Eastern Shore. Virginia. Cobblers. U. S. No 1. boat receipts_stave barrels, 2.00- 2.10: fair ity. 1.95; 106-pound’ sacks. 1.00-1 10: few hicher TOMATOES—No carlot arrivals: one broken car on track. Truck receipts mod- erate: supplies moderate: demand light: market steadv. Lug boxes. green. ripes and turnine wrapped: Gegrgia and South Carolina. fxA and Targer 8x71.00- 1.25: Tennessee, 6x6 and larger, 1.25-1.50; few 175 4 Florida, three ts. all idual one New and eht un- | moderate California one bro- ‘Carma; WATERMELONS—One Georgia, two South Carolina arrived: four broken and seven unbroken cars on track. Supplies Iiberal; demand moderate; market slightly weaker. Florida and Georgia. Tom Watsons 24-35 pounds average. 60-65: 28-30 pounds averaze. 40-50 each. LIMA BEANS—Supplies moderate: de- mand slow: market weak. North Carolina, bushel 'hampers. 1.25-2.00. CORN—Supplies Mght: market steady. North Carolina, sacks. 5-dozen. sugar. mostly 1.00 SPINACH——Supplies moderate: demand light: market steady. Pennsvivania., bush- el baskets 75-00: few 1.00. APPLES—Receipts moderately _heavy: demand very slow: prices on decline. only best _grades bringing top quotations. Overripe Transparents sold as low as_ 2 per bushel with little demand due to_hot weather Marvland, Pennsylvania, Vir- ginia and Pennsylvania. U. S. No. 1: Transparents. 1%-inch minimum, _6: moderate: _demand 2-inch minimum. 75-1.00: 274-inch minj- mum. 1.00-1 ungraded. 50-65: over- ripe as low 5: Hi 12 2-inch 1B m. 75a85: 2li-inch mini- mum. ‘rg : 2le-inch minimum. 1.00- 1.25: ungraded. 50- : Starrs. U. 8. No. 1 nch minimum. 2Vi-inch min mum. 75-90: 2lz-inch ‘minimum. 1.25- 1.35: few 1.50, ORANGES—Three Oalifornia arrived: one car diverted: three broken and three unbroken cars on track. California, boxes. SRS A O A oG LEMONS-—California. boxes. No. 1, 8.50- 7.00: No. 2_5.50-6.00, as to size. LIMES—Florida. 4s-bushel boxes. 2.50- 3.00: ¥4 boxes. 1.00-1.50. BEE' Pennsylvania. 25-30 per dozen bunches. BROCCOLI—Pennsylvania. bushel crates. 1.50. a CAR‘I’IOTE——PennlylVImm 35-40 per ntm DCUCUMBERs—Eutern Shore. Maryland. bushel baskets. 50. EGGPLANT—Florida. bushel hampers, 75-1.00. OKRA—Florida. bushel hampers. 1.25- 2.00: some lower. Hucxx.i.'atmms—mnn Carolins, 10- ] 'URRANTS—New York, 32-quart crates. 2.50-3.00 per_crate. GRAPES—Florida. 10-pound cartons, -’ %lllform.. lugs. Thompson's seed- less. 5 AVOCADOS—Florida. boxes. 1.00-1.25: Cuba, ventilated crates. 3.0 50. PLUMS—One Californ! arrived: one broken and two unbroken cars on track. Califorpia. 4-basket crates. 1.50-2.00. BNA!9 BEANS—Pennsylvania. bushel bagkets 1.00; few higher. BLUEBERRIES—North Carolina. culti- St Horiaa 5Bl PSR 018 Per Gk Horda BP0 petPe ¢ CHERRIES—New YorE. 12-quart climax baskets. sour. 60. CABBAGE—Pennsylvania. 5-peck ham- pers. 50-75. ANAS—Two _cars arrived: one broken and Two UAbroken cars on rack, NAMED BOARD CHIEF. NEW YORK, July 9 (—W. C. Grunow, former president of General Household Utilities Co., has been elect- JULY 9 RETAIL AGTIVITY | FREIGHT LOADINGS | e orodvcsien ed chairman of the board and will be succeeded by Harry Alter. 1937, AT 80,168 MARK Week’s Gain of 4.2 Per Cent Lifts Total 24.1 Per Cent Above 1936. NEW YORK. July 9 (#).—The As- sociated ~ Press ' seasonally adjusted Wweekly index “of frelght carloadings, based on 1929-30 as 100. advanced to- ompared with 789 the revious week and 713 a year Range of recent years 1935, 71.1 58.0 By the Assoctated Press. The Association of American Rail- roads reported today 806,168 cars of revenue freight were loaded during the week ending last Saturday. This was an increase of 32,435 cars, or 42 per cent, compared with the preceding week; an increase of 156,465, or 241 per cent, compared with a year ago, and an increase of 335,042, or 71.1 per cent, compared with two years ago. The report classified the loadings as follows: 1934, 1933, 65.9° 673 595 477 This wk. Last wk. Yr.sgo. = 60,643 27,005 | 11084 | products_ West. dists. Live stock West. dists. Forest pro Ore CHICAGO PRODUCE. CHICAGO, July 9 (#).—Poultry trucks; strong. Hens, over 5 Ibs. 1814, 5 Ibs. and less, 182" Leghorn hens. 15° fryers, colored Plymouth and White Rock barebacks. 1X: broilers. colored, Puymouth and White Rock. 21: bare- backs "17; Leghorn, 19, Springs. colored 22 Plymouth Rock. 2:3%2: White Rock. 24: barebacks. 19: roosters, 14; Leghorn roos ers. 13 turkeys. hens, 15 toms, 14; No. | 2 turkeys. 13 ducks. white and colored, 41 lbs. up, 2 small. 11%: geese. 1% Butter. 20.£1X. ‘firm; prices unchanged. Eggs. 16.170; steady. Extra firsts, local cars. 21%5: fresh-graded firsts. local, cars 1% current receipis 2014 cked frsts, storage-packed live Potatoes, 124: on track. 230: total U. 8. shipments,' 965 California White Rose barely steady. slightly weaker tendency: other stock steady: supplies moderate de- mand good. _Secked per cwt. California | White Rose. U' S No. 1 20: mostly | 5. Cobblers. Missouri. U 8. No. 1. and | tly “graded. 1.35-40° mostly 1 30-35: | U. S’ No. 1 and paryy graded. | mostly ,30-35. Virginia, U. 8. | most offerings showing heated 135- Bliss Triumphs, U. S. No, pa Kansas 1.2 No. 1 1d NEW YORK PRODUCE. NEW YORK. July 9 —Eggs. 20340 steady. Mixed colors. firsts, 213,. ~ Other mixed " prices unchanged. Butter. 7.016. easy. _All changed: cheese. 11507 unchanged Live noultry. by freight Rocks. 21, Fowls. colored freizht orices unchanged By express. irregul horns. 19-20: Rocks. Fowls, colored ' 1% prices unchanged. Dressed poultry weak (boxes) fryers. 151y (Northwestern, Wester: e 14-23 ' Frozen turkeys western ~ and _Southwestern) Other fresh and frozen prices unchanged BOSTON WOOL MARKET. BOSTON. July # (P The wool market continued quiel today. FPew inquiries were received Quotations on spor wools were fully maintained Good French combing lensth | fine territory wools in original bags were auoted mostly 95-07 cents, scoured basis, for_spot supolies 8hort French combing and clothing | length fine territory wools in eriginal bags | + avallable for 91-93 cents. scoured erades un- firm. " Prices | weak Broflers. | 18-20, Other Les- | 1718 | express Broilers. Reds, Other Presh METAL MARKET. NEW YORK. July @ (#).—Cqpper auiet. | Electrolytic spot and future 1400, export 14.10-20 " Tin ‘easy. spot and nearby 5937 future. 557587, Lead aquiet, spot. New York. 6.00- East St. Louis, | 5.80. Zinc quiet: East St. Louis. spot and future. €.75. Tron_aluminum. antimony, Guicksilver. platinum and wolframite w changed st We Are Making Conservative Loans on Business Property Only AT 4159, 2 /0 for new construction or refinancing. SHANNON & LUCHS Mortgage Loan Correspondents MASSACH S _MUTUAL CE CO. LIFE 1 1505 H St. N.W. Natl. 2345 Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments MEMBER BUILOING ¢ LOAN ASSOCIATION €ouNCIL o 0.C. NATIONAL Permanent BUILDING ASSOCIATION UNDER “SUDLRVISION U.3. TREASURY 949 NINTH STREET, NW. 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 FINANC1AL . ht A—13 Drops to 100,031 Level for Week By the Associated Press. DETROIT, July 9.—Ward's Auto- motive Reports, Inc., estimated today that the week's output of motor cars and trucks in the United States and Canada would total 100,031 units, compared with 122,890 last week and 100,648 in the comparable week of | 1996. It attributes this week's decline to the Independence day holiday on Monday and forecasts next week's production at about 115,000 units. “Thereafter,” it adds, “seasonal in- fluences of decline will make them- selves strongly felt.” . JUNE AUTO SHIPMENTS WELL ABOVE YEAR AGO By the Associated Press. NEW YORK, July 9 —Increasing 12 per cent over last year, June ship- ments from United States and Cana- dian automobile factories totaled 525,- 983 units, the Automobile Manufac- turers’ Association reported today. For the first six months shipments by the industry were estimated at 2,922,264 units, an increase of 13 per cent over the same period of 1936 and the largest first half volume ever re- ported by the industry, with the ex- | ception of the first six months of 1929, The figures include major motor car manufacturers, except Ford Motor Co. o Western Auto Supply Co—June sales were up 45.5 per cent; six months | up 63 per cent. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1416 Eve 8t. N.W. Phene NA. 2184 1 Money for Com:’ruchon Loans an | Loans on Existing Properties || | | | FIRST DEED OF TRUST ONLY GEORGELBORGERJ 643 Indiana Ave. N.W. Nat’l 0350 Charter No. 4107, ot 20. Other liabilities _ 30. Capital account: | MEMORANDUM: Loans an 31 United 34. Total pledged Reserve District No. 8, REPORT OF CONDITION OF THE National Capital Washington. 1n i Bank the District of Co- lymbia, atthe close of business on June (Published in response to call made by ASSETS. - Loans and discounts _ Overdrafts . United States Govern- ment ohligatiens. di- rect and/or fully guar- anteed Other ‘bonds, stocks and curities Kiug house, $45.500; furniture and fixtures, $4.000 Reserve with Pederal Re- serve Bank . Cash. balances with other banks. and cash items in’ process of collection Total assets LIABILITIES Demand deposits of in- dividuals. partnerships and corporations Deposits of other bank inciudirg certified a cashier’s checks out- standing Total of items 14 to 18, inclusve (a) 8 e- cured by pledge of "loans a n djor invest- ments (i Not secured by pledge of “loans a n djor invest- ments $5.170.29 2.987,121.01 (c) Total deposits §2.992 301 20 Common stock 2000 S hares par $100 per share $200.000.00 Surplus 56.500.00 Undivid- ed profits —net 58104 43 Total capital ac- count £ Total liabilities d Pledged_ to_Secur, ment o rect and anteed (excluding rediscounts) | 36. Pledged (d) Against other de- posits (h) Total pledged District of Columbfa. ss Comptroller of the Currency. under Section 5211, U. 8. Revised Statutes.) $435,857 R4 208,061.50 4950000 1.164.152.60 $2.601,634.31 300,666.80 414.604.43 _ $3.406.998 43 Investments Liabilitles: £18.000.00 $16.000.00 L H. C STEWART. cashier of the a named bank do solemnly above statement is tr | knowledge and belief 57 [ C. STEWART Cashier 0 | 7er day of ity H 8worn to a Tibed be (Seal ) Correct—Attest H H McKEE fore me thls CLARENCE F_DONOHOE. A B WALKER CHAS. A. CARRY Directors. —_— LOAN ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE B UILDING Organized w. 1879 ASSOCIATION 915 F STREET N HOME LOAN TO PURCHASE, BUILD OR REFINANCE Interest as Low as Easy Monthly Payments as low as $7.50 per $1,000. No commissions or renewal may be paid monthly. Investigate our economical loan plan. COLUMBIA BUILDING ASSOCIATION Opposite Palais Royal 716 11th Street WE believe these facts will readily indi- cate why the interest which a bank charges on loans must be at a higher rate than that which the same bank can pay on sav- ings or time deposits:— 1. A considerable proportion of a bank's resources, at any given time, are uninvested; they must be available to meet the possible demands of 2. Alarge ion are invested in government bonds, m extremely moderate return. 3. Operating expenses—including rent, salaries, equipment, taxes, and occasional losses —must be covered largely by earnings from loans and $nuestments . . . to say nothing of a moderate veturn to the bank’s stockholders on their in- wvested capital. The difference in rate paid on money de- ited and money loaned is analogous to the fi.fiennu in wholesale and retail prices in trade—it helps to pay operating costs. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. V. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposis Insurance Corporation