Evening Star Newspaper, July 9, 1937, Page 14

A—14 FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. FRIDAY, ULY 9, 1937. FINANCIAL. POSTAL RECEIPTS IN GAPITAL SOAR Total for Fiscal Year Hits $7,388,672 Compared to Previous $7,101,580. BY EDWARD C. STONE. Total postal revenues at the City Post Office in the fiscal year 1936-7 amounted to $7.388.672 in comparison with total receipts in the comparative 1935-6 period of $7,101,580, making & substantial gain during the 12 months ot $287,092, a survey com= pleted today reveals This is the highest yearly total reached since before the Wall Street crash in 1929. It is much better than the 1934-5 figure of 6,308,074 and the 1933-4 total of $5,631,243. The individual monthly totals during the year disclose almost uninterrupted advances in postal earnings, at the same time indicating steady improve- ment in business conditions in the Capital. It was learned at the City Post Office today that postal receipts in June alone amounted to $564.646.03. This compares with $583.522 in June, 1936, a slight drop of $18,876. The fact that the soldiers’ wonus went into effect on June 15, 1936, is given as the chief reason why this year's figures were not quite up to the business transacted a year ago. Just before and when the bonus checks were distributed there was a general buying wave in Washington which gave business in the City Post Office a substantial boost. Normal conditions prevailing in June, this year were not quite suf- ficient to offset the abnormal situa- tion here a year ago. The gains in other months, however, put the yearly total well ahead of the previous 12| months. While most of the leading | business barometers are figured ac- cording to the calendar year, postal receipts are always reported for the Government's fiscal year ending on June 30. Groom Host to D. C. Bankers. The newly appointed committee chairmen and the members of the Council of Administration of the Dis- trict Bankers' Association were special guests of President Thomas J. Groom at the Columbia Country Club last| evening at a dinner. During the eve- ning plans for the association’s activi- ties during the coming year were out- lined and discussed. Additional committee chairmen were plso announced at the meeting—. Stanley Holland, American Security & Trust Co., advertising; A. Scott Offutt, City Bank, auditing; Wilmer J. Waller, Hamilton National Bank, personnel; Charles H. Doing, Wash- ington Loan & Trust Co., public re- lations; George M. Fisher, Washing- ton Loan & Trust Co.. standardized banking firms; Frederick H. Cox, City Bank, accountants, and Willard G. Barker, president of the Morris Plan Bank, publicity. Members of the council present in- cluded Hilleary G. Hoskinson, Ord Preston, A. M. McLachlen, Albert S. Gatley, Charles H. Doing. George O. Vass, Frederick P. H. Siddons, W. J. ‘Waller, F. G. Addison, jr., and A Scott Offutt. The committee chair- men included Messrs. Holland, Offutt, *Hoskinson, Willam B. Willard, S. William Miller, W. T. Vandoren, John A. Reilly, Mr. Addison, Mr. Waller, Robert H. Lacey, Mr. Doing, Mr. Barker, Mr. Fisher, Mr. Cox, L. P. McLachlen and Sidney F. Taliaferro. Marked enthusiasm was shown over President Groom's many special plans for the coming year. Railroads Spend $552,381,000. While railway wage problems, legis- lative difficulties, industrial strikes and delays in obtaining deliveries of or- ders have cut down the lead of rai way buying over the previous vea figures, aggregate purchases of equip- ment during the first five months of this year were still ahead of the cor- responding totals for any year since 1929, and total purchases from manu- facturers were 55 per cent larger than the corresponding totals last year, according to figures just compiled by Railway Age “Railway purchases in the first five months of this year,” says Railway Age, “are estimated to have totaled $552.381,000, as compared with $379,- 458,000 in the same months of last year. This figure for the first five months of 1937 includes $307,519.000 for materials purchased from manu- facturers, $111,430.000 for cars and locomotives ordered from builders, and $133.432,000 for fuel. Realty Bond Issues Lower. A decline of 46 per cent in the average price of 250 real estate bond issues for the first six months of 1937 is reported by the Real Estate Bond Index maintained by Eli T. Watson & Co. ‘The index includes 250 realty issues secured by properties located in 9 cities and 14 States of the Eastern part of the United States. ‘The Index points out that the aver- age bid price for the 250 issues de- clined from 47.7 on January 2, 1937, to 45.5 on July 1, 1937, a decrease of 22 points and a percentage decrease of 4.8 per cent. For the six months’ period all types of properties showed declines, the largest being a 7.9 per cent decline for apartment hotel issues and the lowest & .7 per cent decline for theater issues. Heard in Financial District. Voters of 148 municipalities located in 31 States, during June approved municipal bond issues aggregating $10,837,843, as compared with $9,331,- 670 bonds approved during May, ac- cording to the Daily Bond Buyer. The total for June, 1036, was $6,248,390, compared with $4,558,000 in June, 1935. Gross operating revenues of the class I railroads in the Southern dis- trict for first five months in 1937 amounted to $227,316,376, an increase of 128 per cent compared with the same period in 1936, but a decrease of 222 per cent under the same period in 1930. | V. Manning Hoffman, assistant sec- retary of the Firemen's Insurance Co. of Washington and Georgetown has been elected president of the Reciproc- {ty Club, local civic organization. Today’s Trading on Exchange. Ten shares of Washington Gas Light stock sold at 78 on the Washington Btock Exchange today, and Potomac Electric Power 51 per cent preferred again registered 112 on a very small sale. Two bank stocks appeared on the board, Bank of Bethesda moving at 84 and Riggs National Bank préferred &t 1013, both in small lots. Peoples Drug Stores sales were up 4.6 per cent in June over June, 1936, It was announced today and 10.5 per 29 5R 105% 154 674 9!z 126 7015 "9': 38 29% 495 480 28 116’@ 129% 100 105 411 48 8214 391, 125 415 111 9015 687x 100 1315 4 18% 12% 3% T 6% 194 33 41 35 cent In the first six months of this year. ~ ) 2215 63% Acme Steel (4) 15 Adams Exp (b30c)_ 28 Addressog’ph b60c_. 2 Advance Rumely _. 641 Alr Reduction (1) 2\ Air-Way Electric__. 11 Alask n (t60c) Alleghany Corp..... 3413 Alleg pf ww $30__. 34 Alleg nf ww $40 Alleghany pf xw. Alleg Corp pr of _. '2 Alleg Steel (b80¢) 177 Allen Indus t1) _. Allied Chem (6) Allied Mills (b2) Allied Stores (b20c) Allied Strs pf (5)__. Allis-Chalm (b1) Alpha Port Cmt (1). 4'4 Amal Leather 80 Amerada Corp (2) _ 83 Am Ag Ch Del b2% . 20'% Am Bank Note (t1). 5714 Am Brake Shb1% _. 90% Am Can (t4) < 28 Am Chain & C b50c_. 98 Am Chicle (t4) ____. 13% Am Colortype 20'; Am Comcl Al ab0c. Am Crys Sug b23% __ 8812 Am Crys S 1st of 6_. 5% Am Encaustic o 6'2 Am & Foreign Pwr _ 45 Am & For Pw 87 pf_ 181, Am & For Pw 2d pf. 57 Am Hide & Leather 40% Am Home Pr(12.40) 212 Am lce 1715 Am Ice pt (2)_ 37 Am Locomotive 101t Am Loco pf (a3) 18% Am Mach & F (t1) .. « Am Mach & Met 60c. Am Metals (b25¢) .. 7 Am Power & Light_ 40'i Am Pw & Lt of (5) .. 49'x Am Pw & Lt pf (8) 18% Am Radiator t60c 1% Am Roll Mill (2) « Am Safty Raz (2)_ Am Seating (b25¢) - Amshipbldg (12)___ % Am Sm & Ref (3) __ 138'; Am Sm & Ref pf(7). 524 Am Snuff (13) . 48% Am Steel Fdy (b1)_ » Am Stores (b11;) 35 20 15 74 41 1's Am Sum Tob (+1) _ 93, Am Tel & Teleg (9). 73% Am Tobacco (5) .. 74'« Am Tobacco (B) 5. 2814 Am Tobacco pf (6)_ ~ Am Type Founders_ Am Water Wks 80c_ 7% Am Woolen 54'; Am Woolen pt (b2). 6% Am Zinc & Lead . 47% Anaconda Cop b75¢.. 18 Anchor Cap (60c) 1R Andes Copper _ 39% Archer-Dan-M(+2)_ 106 Armour(Del)pf (7). 7 Armour of [11(b35c) 81% Armour(111)pr pf 6_ 96 Armour(I1pf(7) _ 2 Armstrong Cork(2) Armstrong C'k (2) 2 rights, July (30 11 Arnold Const bisc_. &% Artloom Corp 15% Assoc Dry Goods 2 Assoc Inv pf ww(5) 6914 Atch T & S Fe (h2)_ 3 A To&SFept (5) .. 44' Atl Coast Line(al) 17'3 Atl Gulf & Wst Ind_ At1G & W I pf(a3)_ 4 Atl Refining (11) 5 Atlas Corp (80c) 4 Atlas Powder b1 _. 3's Auburn Auto -~ 5% Aviation Corp Del_. 4% Baldwin Loco (d) 4% Baldwin asd (d) .. 20% Baltimore & Ohfo .. 74 Baltimore & Oh pf._. 7% Barber Co (b25¢) 22 Barker Bros 34 Barker Brospf 2% 2313 Barnsdal) (1) 111 Bayuk 1stpf (7) ... 2115 Beatrice Cream t1 _ 18ix Bendix Aviat'n h50c 20% Benef IndL b1.32%; 73 Bethlehem Steel(bl pf (1) _ Rethlehem of (T) _ Black & Decker (1) Blaw-Knox (b45c) 4 Boeing Alrplane 37 Bohn Alum & B(3) 21'2 Borden Co (1.60) 387y Borg-Warner (2) #1x Boston & Maine 17 Beth6% 108 24 11« Botany Mines A (d)._ 15 Bridgep't Brass(1). 391 Briggs Mfg (b1%)_ 39% Bristol-Myrs t2.40 18'3 Bklyn-Man T (b214. « Bklyn-Man T pf(6). « Bklyn & Queens 26'% Bklyn Un Gas(1.60) 16% Brunswick-Balke 14% Bucyrus-Erle ____. T'% Budd (EG) Mfg___. 7% Budd Wheel b20c ... 30% Bullard Co (b50c) _... 5014 Bulova Watch (t4). 221 Burr Add M (80¢) . 413 Bush Terminal . 241 Bush T Bldg pf cod_ 12 Butler Bros (60c) - 281¢ Butler pf (1% ) 4'; Butte Cop & 7(a5c) . 175 Byers (A M) 67 Byers (A M) pf 4 Byron Jackson (t1) 35Y% Calif Packing (1%) % Callahan Zinc-Lead 12 Calumet&Hec b75c_. 24 Campbell Wy (11)._. 2315 Canada Dry G Ale._. 1214 Canadian Pacific 44 Cannon Mills (bl)_. 96 Car Clin & O stp (5) 6% Carriers & G (b10c). 138 Case(J I)Co (4) ___ 112 Case(J I)Co pf(7).. 85 Caterpillar Tr (2)_ 104% Caterpillar pf (5) - 265 Celanese Corp bl 3615 Celotex Corp b40c . 73% Celotex Corp pf(5) .. 30 Cent Aguire (1134). 614 Central Foundry . 18 Central RRof NJ.. 60 Cerro de Pasco (4)_. 1115 Certain-teed Prd. 4813 Certain-teed pf _ 3514 Champion P&F blly 107% Champion P pf (6) 67 Chesapeake Crp(3).- 501 Ches & Ohio t2.80 _. 91 Ches&Ohpf A (4)- 614 Chi & Est 11 pf (d). 2 ChiGrt West (d)._. 8% Chi Grt West pf (d) T% Chi Ind & L pf (4) .. 1% Chi Mil St P&P (d) . 3% Chi M St P&P pf(d). 3 Chi&NW @) 9% Chi & N W pf (d) 21 Chi Pneumatic Tool 35 ChiPneuT pf (3)_. 2 ChiR1&Pac(d) _. 3% Chi RI&P 6% pf(d). 14 Chi Yellow Cab (2) . 15% Chickasha Cott'n Oil 9% Childs Co 94 Chrysler Corp bl%_ 17% City Ice & Fuel (2)- 6% City Stores 32% Clark Equip(t1. 60). 35 Clev Graph (b1) 3% Cluett Peab'y b25 f Cluett P rts Julyl5. 122! Coca-Cola (t2) .. 177% Colgate-P-P(t50c) . 102 Colgate-P-P pf (6). 47% Collins & Afkn (12). 31 Col Fuel & Lron(bl) Colo & Southern .. Columb G & El(40¢c) ColG&EDpf A (6) Col G & E pf (5)-_. 28% Columb Pic vte (1) 111 Col Carb vte (14) . 56% Comcl Credit (14). 63% Comel Inv T (14)__. 13 Comcl Solv (160c) 2 Comw & Southern._. 46 Comw & Sou pf(3)_. 13% Conde Nast Pub ___ 34 Congoleum-Nrn(2). 12% Congress Cigar(a2). 12 ConnR&Lopf . 19% Consol Aircraft. 9% Consol Cigar 80 Consol Cigar pf (7). 31% Cons Edis N Y(12)_ 99% Cons EA N Y pf(5).. 243 Cons Film 10 Consol Film Df(ll) 14% Consol Oil (180¢) .. 4% Cons R R Cuba pf__. i PO YY1 PR IR TOINT A o = BT T e ]0"“ 31% 104'5 163 221, 21 94 8% 8% r o 3 WAL A CNBDDNE D o e a—BRanlen @ anwaBunanm~wnnan a 0w R wIR aving time. Net Low. Close. chge. By P Wire Direct to The Star. Al New York m: afe now on dayiight Prev 1937 Stock and Bates— High Low Dividend Rate Add 00. High. 55 441 Abbott Lab (11.60) 1 47% 57 Abr & Strauss b1%_ 10s 4T% +1 +4 +3% - % + % +1 et |+ 4+ Al q, 2 4% 3%+ % 124 + % 250 + 1a 0 4y M+ U 5% — % 16 18% + % 107 — 1 103% —1% 84 7% — % 38% + 14 39 -1 28 4+ % 1% + 4 158% — % 18% —1% 1024 54 + % 38+ % 17 12% - % 85 76 +1 31 121 + % 6214 — % 643 — u 144 — % 2% + W 53 13% 37 -1 12% - % 14 +2 . 96 Prev 1037 8Btock and High Low. Dividend Rate. 15 % Cons Textile (d).... 13% 8t Cons Coal(Del)vto_ 4 10‘/- 52% 33 ConsCoal Del vtopf 508 40% 37% 20% Container Corp 1.20. 21 30 37% 18% Contl Baking (A) 28 27% 5% 21 Contl Baking (B) 16 3% 109% 81 Contl Baking pf(8). 1 931 69% 50 Contl Can (3) _ T 56% 42% 35% Contl Insur (11, 4 39% 3% 2 Contl Motors 8 2% 48% 39% Contl Ofl Del ('l)_ 24 48% 35% 25 Contl Steel (1) _____ 1 28% 77 62 Corn Ex Bank (3)_. 40s 64% 71% 547 Corn Prod Ref(13). 7 63% 10% 6 Coty Inc .. 28 % 56% 40 CraneCo __ T 45% 121 1131 Crane Co pf (7 - 6 1164 107 100% Crane Co cv pf (5) . Endicott-John (3) Eng P S $5 pf (b5) Equitable Office B Erie R R Erie R R 1st pf. Erie R R 2d pf _ Eureka Vacuum Evans Prod (1) Exchange Buffet Fairbanks Co Fairbanks Co pf 913 Fairb'ks-Morse (+1) 45'3 Fajardo Sugar (b2). 1 % Federal Lt & Trac Fed Lt & T pf (6) . Federal Motor(40c) Fed Screw Works Fed'ted Dep S pf 414 Fidel Phoenix +1.60. Firestone T&R (2)_ 10114 Firestone pf A (6) - 3915 First Nat) Strs 1214 Flintkote Co (1) ___. Florence S (b1) Follansbee Bros(d). 47'4 Food Machine (1) Francisco Sugar. _ Freeport Sulph (1)_ Fuller Co 2d pf_. Gair (Robert) _ Gair (Robt) pf (3)_ Gamewel) Co Gar Wood Ind b2 Gen Am Trans b1 Gen Baking (t60c) . Gen Cable Gen Cable (A) Gen Cigar (14) 37 287 Cream of Wheat(2). 1 28% 1814 Crosley Radioal%. 6 100% 68 CrownCork & S(2). 7T 561 414 CrnC&Spfww2i_ 1 44 25% 16% Crown Zellerb 12 81% 51 Crucible Steel 5 135 115 Crucibe St pf b3 _ 3 3 4 Cuba Co 4 43 37u Cudahy Pkg (2%)- 1 20% 8% Curtis Publishing_. 3 11% 109% 71 CurtisPubpf (1)... 2 79% 8% b5 Curtlss-Wright ___. 58 6l3 23% 161 Curtiss-W (A)aS0c. 16 197 90% 73% Cutler-Ham (b1)__. 1 77 Davesa Stores(t1)_. 1 131 Davegacumpf1%_ 2 19% 4 Dayton P&L pt 4% 808 10 Deere & Co e 14 Deere& Copf140_. 5 Deisel-Wem-G(t1)_ 23 Delaware & Hudson 3 Del Lack & West __ 7 Den& RG W pf(d). 2 Detroit Edison (t4) 2 22 Det & Mackinac_._. 2108 2 26 Diamond Match ( 4 29 20% Distil Corp Seag 4 96 80 DistiiCSeapfww5s 1 51 381 Dome Mines (+2) 7 77% 47' Douglas Afrcraft. 15 391 241, Dresser B (a1) 1 814 37 Dunhill Internatl _ 1 180 1481, Du Pont de N(b2%) 5 1574 115% 110% Duquesne 1st (5) _. 108 113'x 17 9% Eastern Roll Mills . 5 121 17812151 Eastman Kodak (8) 8 371 2915 Baton Mfg (2) ___. 4 16 10% Eitington-Schild __ 4 4515 34% Elec Auto-L b1.40 6 16 9% Elec Boat (a60c) 33 T4 415 Elec&Mus| (a18¢)_ | 26% 14'x Elec Pow & Light _. 99 87 5813 Elec Pw & Lt $6 pf_. 2 924 62 FElecPw&Lt$7pf.. 9 2 1 Elk Horn Coal (d) 1 R EIk Horn Cl pf (d) 7 1 1 4 1 5 1 1 . 1 m*\. Gen Electric (b80¢). 44'. 36 Gen Foods (2) . 5 3% 1'3GenGas & Elec(A). 12 213 65 60 Gen Mills (3) 124 117 Gen Mills nf (6) ._ 9 70'; 484 Gen Motors (b13) .. 122 5314 122%.113 Gen Motors pf (5) 10 11514 15% 874 Gen Outdoor Adv _. 1 10% 60'3 42'; Gen Outdoor Adv A 1 50 15'« Gen Print Ink b30c_ 3 164 3'4 Gen Pub Service 3 3% 41} Gen Rv Signal (1).. 3 4By 3 GenRealtv& Util.. 7 3% 31 GenRealty&Upf_. 3 36 55 Gen Refract (b2)___ 3 595 4% Gen Steel Cast pf __ 2014 Gen Thea Ep(bi0c). 3412 Gen Time Instru t1. 141 Gillette S Raz (1) 201« Gimbel Bros 40% Glidden Co (12) 4 Gobel (Adolf) _____ 5% Goebel Brew (120c). 21 Goodrich (BF) b50c. 27% Goodyear T & R b1 100 Goody’r T&R pf(5). 7% Gotham Stk Hose _ 82 Gotham S H pf (1) 3 Graham Paige Mot 4 Granby Cons "“a Grand Unfon ctfs _. 511a 67n /1y 5015 4Th 141 1314 9 1 17 Grand Union pf b13§ 1 32 Granite City St1(1) 1 341 Grant (WT) (11.40) 3 40% Grt Northernpf __. 14 17% Grt Northn Ore (1) 4 34 Grt West Sug +2.40. 2 3 274 Green(HT) (11.60) 4 3 59% Green Bay & W b2 13 6 12% Greyhound (t80c)_. 92 16'x 2 Guantanamo Sug. 4 2% 10 Gulf Mobile& N___. 1 11% 131 Hal WF Print____. 2 14% 108 103 Hamilton W pf (6)- 10s 104 105 98 Hanna (MA) pf(5)- 40s 100% 5814 40 Harb-Walker (12) .. 2 45 173 10% Hat Corp of Am 80e. 1 1% 106's 93% Hat pf ww (6%)___ 708 92, 8 4 Hayes Body _- b bu 157 1113 Heckers Prod(t60c) 8 12w 39% 24 Hercules Motor(t1) 2 28% 185 1447 Hercules Pwdr (6) - 2 155% 135'% 125 Hercules Pdr pf(6). 20s 130 52% 35'% Holland Furn (b1)_ <5 40 120% 101% Hoiland Fur pf(5)_. 10» 105 30% 21 Hollander & Son(1). T 26% 50% 47'% Homestake b37%c . 15 49% 277 18 Houd-Her B (t134). 1 20% 73 57% Household Fin (4) _ 1 59 94 8813 Househ'ld Fin pf(6) 1 92% 17% 1213 Houston Oil vte ... 30 163 90's 62% Howe Sound (3)__. 8 8% 5% 2% Hudson & Manhat_. T 3 157 67 Hudson & Man pf. 1 8 23% 13% Hudson Motor. 7 16% 4 Hupp Motor._—eeeee 14 3% 38 2\ Illinois Central cee 8 264 72 58 IllCentlsln (4).._. 108 584 47% 33 Indus Rayon (2) . 3 39 131% 94 Inland Steel (t4)__. 18 114% 33% 17% InspirationCop __. 18 25% 6 4% Insur Sh Md (b10c). 8 4m 13% 5% Inter Rap Tr vtc(d) - A 64% 41 Interchem Corp(t2) 1 55% 11% 4% Intercontl Rubber.. 3 T 281 163 Interlake [ron 38 20% 9% 5 Intl Agricultural _ 17 6% 632 42 Intl Agri pr pf(b3). 2 b0 189 146 Intl Bus Mach(t6)_. 3 153 112% 99 Intl Harvester(2%) 46 111% 162 1447 Intl Harv pf (T)_. 3 147 167 87 Intl Hydro E1 A 17 1% 16% 6% Intl Mercantile M_.. 2 10% 18% 10 Intl Mining (b30c). 1 13% 73% 55'% Intl Nickel (b1)_._. 29 624 24% 16 Intl Paper (A) cceee 6 17% 18 10% Intl Paper (B) aeeee 2 13 9% 5% Intl Paper (C)emeee. 2 6% 121% 90% Intl Paper pf ___... 19 103% 10 5% Intl Ry Cllt Am - 250; ‘g'/i 15% 9% Intl Tel & T.I = 45 11% 3614 20% Interstat DpStb2% 23 25 30 25% Island Creek (2) __ 2 28% 155 120 Johns-Manv (13) 5 128% 126 120 Johns-Mansv pf(7). 100s 123% 136 117% Jon&L 7% pf b3 .. 2 46 28 Kalamazoo S (11).. 29 15 KansCity South___ 4 447 25 KansCity So pf(al) 1 36 25 Kaufmann (11.60)_. 1 27% 23% 12% Kelsey-H A (a1% ). 2 15% 19% 9% Kelsey-H B (al34).. 4 3% 1091% 101 Kendall pf A (6) .. 10s 103 69% 51 Kennecott Cop b1y 53 60% 20% 14Y% Keyst'e S&W b45c_.x 4 16% 46% 38 Kimberly Clark(1). 2 3% 9% 5 Kinney (GR)Co... 4 b4 71 4T% Kinney pf (a1) . 1308 48 36% 34 Kinney(GR)prpfb5. 50! 33% 10,7 105 Kresse D S pf(b20). 10s 115 0% Kre 5 2 e (S 8) b60c_.. 0) 0 47% 31% Kress 8 H (1. 36% 24% 18 Kroger Groo (t1. 102% 27% 15% Laclede Gas_ 3% 41% 23% Laclede Gas 914.__. 600 33% 14 +1 24 18% Lambert CO (2) e 5 19% 16 27% 17 Lee Rubber (b1)_... 4 26% 6% — % ¢ 61% 32 LehPortCmt1%... A 2 3% 10 40% 29% 26%, 3% llS“ 177 4 Afla 0. mn. Low. Close. cnn 13 % 10 =% 40% — "% 29% — 3 26% —1'% 3% — % 9314 +1% 56k — % 39% + % 2% 48 28% + % 64 By~ % % + % 46 2% an 1563 1139 12 + 16 + 2% 113 4 144 = 104 1004y + 45 1% 117 9215 den 12— 2814 + 114 155% +24 130 0+ x 105 +1 26% + 49 - 20% + 59 — 9274 — 15% — ki 3 + 8 +1 154 — % 314 256 — % 584 39 114% +1% 24% — % 4%+ % 7 + % 551 + % 614 — 1y 204 — % 6l + Y 50 +1 153 U1+ % us -1 1% — 1 104 — % 1315 611 — % 175 —1% 13 6% — % 103 6% + % a2 11% 2414 28% 121 -1% 123% + % Marshall Fleld 4 Martin (Glenn) 2 Masonite (t1) ____ % May Dept St (13) Maytag pf ww (3) . Melville Shoe (t5)_. 4 Mengel Co Mengel 1st pf (215). Mesta Mach (b2%)_ Miami Copper % Mid-Cont Pet (b50c) Midld St Prod(+2) _ Minn-Hon Reg (2) Minn Moline Pow Minn Moline Pw pf_ Mission Corp (b1) . Mo Kans & Texas Mo Kans & Tex pf A Mo Pacific (d) Mo Pacific pf (d) _ Mohawk Carp 11.20. Monsanto Ch (b1) _. Montg Ward (12) 564 Morris & Esx (3%). % Mother Lode al 27% Motor Prod (b132) _. 1713 Motor Wheel (1.60)_ 20~ Mullins B (a50c) 80 Mullinspf (1) _ Munsingwear (3) Murpty (G E) 3.20_ Murriy Corp(as0c). 2 Nash Kelv (1) __ Natl Acme (h25c) _ Natl Biscuit (1 60)_ Natl Biscuit pf(1) _ Natl Bond & In 1.44 4« Natl Bnd&l pf A(5) 1 » Natl Cash Reg (1) . » Natl Dairy Prd 1.20 Natl Dairy pf B (7) Natl Dept Stores __ Natl Dept Strs pf _ atl Distillers(t2) . atl Gypsum Natl Lead (150c) Natl Lead pf B (6) .. Natl Mall &S (b1) Natl Pw & Lt (60c). Natl Steel (12 Natl Supply Prev. 1037 Stock and Prev. 1937 Stock and Bales— Low. DividendRate. A4h o0, High. Loy. Close. e | Hien Tow. Divtdena Ra Add 00. High. Low. Close che 1% Lehigh Valley Coal. 2 24 38 30 Ruberoid Co (60c) 5 18! _ 8% Lehigh ValCoalpt. 2 10% mV. mv. - %| 46 31 Safeway Stores(t2) 24% 71314 Lehigh Valley RR_ 5 15% 15% 15% — % | 103 97 Safeway Strs pf(5). 4314 36 Lehman Corp'n(t1) 15 4i% 40% 41 — %/ 113 100% Safeway Str pf(6) . 21% 14% Lehn & Fink b62%c. 2 15% 15% 16% + ' | 113 104% Safeway Strs pf(7). 58% 40 LernerStores(t2)_. 2 42 4l% 42 + %| 65 43% StJoseph Ld (12)__ 79 58% Libbey-Ow-F b76c_. 13 63 62 62 4% 2% St L-San Fran (d) . 15% 9% Libby McN & L(a1) 5 12% 12% 12% 11% 4% St L-San Fr pf (d) .. 114 94% Ligg & MyersBt4_. 7 3% 97% 97% — % | b1% 38% Schenley Dist bl _. 8314 59 Lima Locomotive__ 6 647 64 64 3% 1% Schulte R Strs (d) _ 61 51 Link Belt (¥2)_____ 2 56 55% b% — % | 4bl 38 Scott Paper (b65c). 8415 6414 Loew's Inc (12) 17 81 8C 8l + M| 24 1% Seaboard Air L «d). 3% 1 LoftIne o 10 1% 1% 1% 8% 4 Seaboard A L pf(d) 75% 50% Lone Star Cem (3)_ 5 57% 56l 56's —1%| 54’ 36% Seaboard Of) (1) 10% 5% Long-Bell Lumb(A) 2 T% 7% 1% — %| 95% &1 Sears Roebuck (3)- 110 106 Loose-Wiles pf(5)_. 108 107'3 107% 1074 — % | 34 26 Servel Inc (1) _ 28% 20 Lorillard P (11.20). 5 22y 217 22% + Ya| 42 Sharon Steel (11.20) %127 Lorillard Pof (1) __ 10 129 129 129 -2 14 9% Sharpe & Dohme __ 82 Louis & Nash b2% - #8 88 +1%| 17% 12 Shattuck F G (60c). 29% Ludlum Steel (11)_. 8 34% B4% = %| 3 % Shell Un Of1(b50c) E 3015 MacAndrew&F (12). 1 5% 102 Shell Un Ol pt 6% . 36 24% McCall Corp (12) 7 12 Silver King (b6ic) .. 2414 14% McCrory Stores _ 1 40 Simmons Co (bl) 421 'm. Mcintyre Porcu(2). 6 42 Skelly Oil (b50c) 42% 31% McKeesp't Tin P(2) 2 14 Sloss-Sheffield Stl 16% 12». McKesson & Rob __ 18 % 27': Smith&Cor cfs 12 . 62V 40% Mack Trucks (t1)__ 2 5 202 16% Socony-Vac (b25e)- 68% 44 Macy (R H) (+2) 3 48% 48 48 — %| 115 110 Solvay Corppf5s's 15% 10% Mad Sq Gard b1.15 1 6% 31 South Am G & P 30c 63 42 Magma Copper (2) 1 + | 4 15 South Port Sug(t2) 7% 3% Manati Sugar (d) 6 ERA 12 So Cal Edison 1% . 30 14 Manati Sug of (d) _ —1%| 65% 40% Southern Pacific___. 4 Man El md gtd «d) _ + | 43 Southern Ry .. 4 Maracaibo Ofl Exp.. 4+ W) 6 37% Southern Ry pf._ __. Marine Mid (t40c) _. 3+ | 654 49 SoRyM&Oct (4)- Market St Ry pr pf_ — 'a| 7% 60 Spalding lst pf oy Newberry pf (5) Newp't Indus b1 N Y Air Brake (al). 1 Y Central = N Y Chi&StL pf A _ Y City Omnibu % Norfolk & W'n (10) 9% North Am Aviation North Am Co (b60c) ‘4 Northern Pacific 31 Norwalk Tire& R 17'» Ohio Oil (b30e) . 5315 Oliver Farm Equip_ 13 Omnibus Corp vtc - 1% Oppenheim Collins_. 33% Otis Elevator b40c_. 1413 Otis Steel : 1121, Otis Steel prpf (7). 5 OtisStlevpf (533). 22 Outboard Mot bTéc. 23 Owens-111 Glass (3) 17 Pacific Am Fish 1.20 6% Pacific Coast __ 2315 Pacific Coast 1st pf. 13 Pacific Coast 2d . 2815 Pac Gas & Elec (2). 4015 Pac Lighting (3) - 25 Pacific Mills (b1)_ % Pac West Oil(a65¢). 77 Packard Mot (bl5c) 2 PanhandleP&R __ 60 Panhandle P&R of_. 6174 Paraffine Cos (b2) _. 163 Paramount Ple 15% Paramnt 24 pf 60c_. 4 Park Utah 2615 Parke Davis(b1.40) Parker Rust (t1%). 2% Parmelee Trans __. 6 Pathe Film Corp 14'a Patino Mines abc - 3% Peerless Corp 381y Penick & Ford 1bl). 85 Penney JC) (4) _ 314 Penn Coal & Cok 51 Penn Dixie Cement.. 431 Penn Dixie pf (A) _. 22 PaGlassctfs b2ic_. 341 Penna R R (b30c) - 16% Petrol Corp(A) b40c 7% Pfeiffer Brew b60c.. 40 Phelps Dodge bl - 76 Phila Co pf(6)new_.. 4% Phila Rap Tr (d) _. 8 Phila Rap Tr pf(d). 1 Phila& Read C& 1. 70 Philip Morris(b3%) 49 Phillips Petrol (12). 44 Phoenix pf (3%2) 12 Pitts Screw (bi5¢)- 2415 Pitts Steel 84 PittsSteel pfoo oo 3% Pitts United-mememm 1 Pittston Co 24% Plymouth Oil b06_- 4xjEorto R AmiTob AT 312 41'; Westn Un Tel (3) . 135 Eorto i AV Iob B L7 ST A0k Weatingn'as A (1) 1 EOBALT IR CIpE(d) + % | 1675 130% Westhse Elec (b2) - 17% Pressed Steel Car .. — %[ 347 2915 Westvaco 6%pf 1% 65 5514 Proctor & Gam(12).- ¥%| 6 5B vheelingateel 11834 11434 Proc & Gamb pf(b, 108 11714 * %| 110% 35 Wiesl Sieel pf b2t 52% 36% PubSveNJ (2.60)_ 6 42i Tl 1070107 Whetintreisbarn 1124 99% PubSveNJpf (5)_. . 4 102 S el P L R 1281511313 PubSve NJ pf (). 2 1154 +%| 18 10% White Rk M S(1.40) 72% 51% Pullman Ino 1%)_. 6 58 4 WE o 5w Meb of 24% 16% Pure Ofl T 92 204 G G iles A e 112% 107 Pure Ofl pf (8) _ 108 1097 il G vl cscoan 23% 15 Purity Bak (60¢) 17 174 N e 18% 16 QuakerStateObdsc 4 173% 4 %[ 47" 307 Worthington Pump 12% 7% Radto Corp 685914 — %| 11214 81 Worth Pump pf(A) 80 63 Radiolstpf (3%). 1 69 + %[ 128 90 Wright Aero (al)._ 10% 6% Radlo-Kelth-Or (d). 70 8% T | %6 65% Wrisley W ir (+3) 254 13% R R Sec Il1 Cent____ 108 161 Pl o & risT s it g oL — % | 7. 204 Yellow Tr & Coach 5 ABuiias SR eadinead pe (1)2 R L8 S5 — 4| 46% 35% Young Spré& W(t3). — % B0 e el S L e + % | 101% T4% Yest'n S&T (b113) 5 8T8 - % i’ R 7 2y + % 8 378 +1 22% 16% Reliable Stores (1)_ 2 19 o ey Radieot)s o Lot 291 21 Rem-Rand (b5S¢)__ 9 25 = ! ” | 110" 57 Rensselaer&S(8). 108 95 * | Approximate Hourly and Total Sales on N. Y. Exchange, 9% 5 ReoMotorCar._... 27 6% 6% + 4 11:00 A.M.____ 240,000 12:00 N 400,000 47% 27% Republic Steel 191 39% 38% -1 1:00 P.M. _ 540 000 730,000 124 109 RepubSteelpf(b3). 1 116% 116% 116% +1% Total Sales for the day 850,000 49% 32 RevereCopper ... 2 3Tls 37 37 — 3 Dividend rates as given in the above table are the annual 3 26 25% 26 cash payments based on the latest quarterly or half-yearly dec- 4 224 22 22 4 14 |larations : 67 59% Reynolds Tob (3) 108 65 65 65 s Unit of trading less luun 100 mflmb h.:«:nx'l' u;r:._r- 58 49 RevnoidaTobB (3). 12 50% 504 50% + % | §upanies reoried 1n receivershis of being reoreaniced 31% 19 Ritter Dental (11)_. 1 21 21 21 +1y |3 gompantes TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE 96'4 41 80% 13 3 10 62 m 16 615 Twin C 6 NYDock....__.___ 270s Union Carb (3.20) 1214 N Y Dock pf - 1208 ‘s Union Oil(Calif)1.20 RNV eatoral(a) = Union Pacific (6) 33 NY A « + 904 Union Pacific pf(4). 1214 NY NH & H pt (4) 11164 + s Unit Aireraft bite. 2'a N Y Ontarfo & W 3 a2 — 14'; Utd Air Lines a20c_ 813 N Y Shipbuilding _ 5 1% 11 1% + 17 Utd Am Bosch 6313 NY Steam 6% pt _ 1400 01 9013 91 + 13 2214 Utd Biscuit (1.60)_ 73 NYStem7% pfA. 90s 10075 1005 1004 | 4 Utd Carbon (4) 4% 2 Norfolk South (d) . 2 3 3 29 4 UL+ 1 15 130 U'S 10 8113 U 1813 68 105 70 24 84 81 24 Spang Chal pf (b8 Sparks- Withing Spear & Co (a50c) _ Spencer Kell (1.60)_ Sperry Corp vtc(al) 6'4 Spicer Mfg (a3) Spicer pf A (3).. 19'% Slnegsl Inec (1) 11% Stand Brands(t80c) 6% Stand Com Tobac _. 5% Stand Gas & El () Stand G&E $4 pf(d) '3 Stand G&E $7 pf (d) Stand Ofl Calif (t1). 40'; Stand Oil Ind (1) __ 30 Stand Oil Kan(al)_. Stand Oil N J (t1) .. 2 Sterling Prod 13.8 Stewart-Warn ti0c. Stokely Bros (t1) _ Stone & Web(aZc). Studebaker Corp.. Sun Ofl (11) _ 118% Sun Oil pf (6) _ 37 perheater (1%)_. Superior Oi} Superior Steel _ Sutherland P t1.60_. 62 Telautograph (60c) - 10% Tenn Corp (b25c) - 50% Texas Corp (2) 6 Texas Gulf PraSc _ 33% Texas Gulf Sul (12) 11% Tex Pac C&O bl0c _ Texas P L T (al0c) Thatcher Mpf(3.60) « Thermotd Co - 3 Third Avenue 2 Thompson Starrett. 17 Thompson Star pf _ 5w Tide Wat As O1] f0¢ 91% Tide Wat A O pf 47, 17% Timken-Detroit(11) 'n Roll B ansamerica Trans Wst Alr aZic Transue & W (160c) 2 Tri-Cont’l (b2 2 Truax-Traer (S6c) 30% 20th Cent Fox (bl)_ 8y Twin City R T ach (b30c)_ Und-Ell-Fish b13 _. Union Bag & P (2)._ Unit-Carr Fast(12) Utd Corp (az0e).__ 324 Utd Corp pf (3) 104 United Drug (bZ5e) 181x Unit Dyewood t1)_. + Utd Elec Coal 1 75' United Fruit (13) __. B Utd Gas Imp (1) 613 Unit Paper'bd b30c.. U S & For'n Secur._. 15 U S Freight (11) 3 U S Gypsum t+2) U S Gypsum pf (7). 15% U S Hoffman _. Indus Alcohol S Leather vie Leather A vic 44'2 U S Pipe & Fdry(3). U S Realty & Imp__. 44' US Rubber ___ S Rubber 1st pf _ U S Smelting (bf) . 5's Unit Stk Yds (abc) 37 Utd Stores (A) Univ Cyclops Stl(1) Univ Leaf Tob (13). 1% Uti) Pw&Lt (A)(d). 1'3 Vadsco Sales Corp_. 241y Vanadium Corp Van Raaite (b1%) .. Va-Car Chemical '3 Va-Car C 6% pf bl Va El & Pw of (6) 6'4 V'a Iron Coal&Coke._ 20'% Va Iron C&Cpf . Vulcan Detin (b3) - 314 Wabash () = “ Vabash pt (A)(d)_ “x Waldort Sys(11.20). Walgreen Co (2) 8413 Walgr cupf ww 415 42!, Walker (H) (2). 11'4 Walworth Co Ward Baking (A)-. 5% Ward Baking (B) Ward Bak pf (b2 11% Warner Bros Pict % Warner-Quinlan(d) 6% Warren Bros (d) .- 33% Warren Fy & P t2_ Wayne Pump (2) - 4314 Wesson O&S (150c) West Penn El pf(6) 90'4 West Penn El pf(7) W'n Auto Sup 1.60 .. % Western Maryland.. 5'3 Western Pacific of. s, | failed to damage HCEEE -4 1085 10874 131 1311 5! 20 2 o o qasXrnEoxxn 78 11y %) CONSTRUCTION STEEL NEEDS SOAR IN WEST By the Associated Press. SAN FRANCISCO, July 9.—Con- tracts for construction steel in the Far ‘West show a greater demand for struc- tural shapes in the first half of this year than has been seen since 1933. Don Partridge, associate editor of 1 33% +2 19% — % 26 - W 5% — % Steel, reported 112,841 tons signed dur- ing the half year, compared with 103,- 708 the first six months.of last year. The 1937 business was about double that in 1935 and in 1934, but conside erably short of the 1933 first half, when bridge building hiked the figure abnormally to 167,276 tons. Demand in lines other than struc- tural shapes was far under that of last year. Total awards in construc- tion lines dipped to 208,754 tons for the half year from 360,418 in the like 1936 period. LOCKHEED BACKLOG SOARS. NEW YORK, July 9 (#£).—The back- log of unfilled orders of Lockheed Air- craft Corp.,, Burbank, Calif., reached & new peak this week at $3,370,000, according to Robert E. Gross, presi- dent. A year ago unfilled business stood at $915,000. GENERAL MOTORS SALES DROP DURING JUNE 83 the Associated Press. NEW YORK, July 9.—General Mo- tors Corp. yesterday reported June sales to consumers declined to 153,866 units from 178,521 in May and 189,756 | in June a year ago. The decline was attributed by offi- cials, in part, to continuance of “stop- pages” of the assembly line by minor labor disputes of which there have been more than 200 since March 12. Sales to consumers for the first six months of 1937 totaled 871,228 units, against 964,451 fer the like 1936 period. «| year, STOCKS RESISTANT ™ 10 PROFIT SELLING Implements and Specialties Gain and Most Losses Are Fractional. - ock Averages 15 15 60 5. Rails. Util. Stks Unc -2 423 676 423 678 409 66.0 504 648 540 753 39.1 626 537 728 302 434 557 175 87 239 169 146.9 1539 184.3157.7 516 953 618 61.8 Net change. —3 Today, noon. 939 . day___ 942 410 412 418 358 495 36.1 435 (Comptied by the Associated Press.) BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, July 9—Profit sellers sniped at the stock market today bu the list to any grea extent Farm implements and specialtics succeeded in surmounting offering for gains of fractions to 2 or more points. Losses among some rec | leaders were generally limited to frac- tions, Business news, on the whole, was seen as constructive A technical set-back had been ilocked for in view of the fact the | averages had advanced for seven con- secutive sessions. That declines wer relatively modest was encouraging o board rooms. Pri es were well mixed at the close. trading pace slowed after a fairly lively start. Transfers were around 850,000 shares. Official returns on last week's frei loadings revealed a jump to a total of more than 800,000 cars, a top for the but carrier issues were backward. It was recognized the roads are cor fronted with sizable wage demands hich have yet to be settled Shares tilting forward most | day included Oliver Farm, Caterpillar | Tractor, Deere, International Harvese ter, Crucible Su‘r*l American Tele- phone, Co ted E dison, Narrow to down a point or more were United States Stecl, Bethlehe | Republic, General Motors, | Douglas Aircraft, Anaconda, cott, Du Pont, New York Great Northern, Chesape: Public Service of New Jersey | strong Cork. General Ele(‘lrlc Volume Registers 59 Per Cent Gain Bt (he Associated Press SCHENECTADY. N. Y. July 9— Ord received by the General Elec- tric Co. in the first six months 1937 totaled $217,265.619, the company reported. The amount represented an increase of 50 per cent over the same period o 1936, the report continued. and was | close to the record $220,717.456 total set in the first six months of 1929. CHICAGO GRAIN B the Associated Pres. CHICAGO, July 9 —Facing uncer tainties relative to United States a Canadian government crop reports ® after the close. wheat prices failed to develop much rallying power late to- » day Rains in Canada and continued big record-breaking receipts of new do- mestic wheat acted as a weight on values. In some cases the day's low- est prices on wheat were touched just A before trading ended. At the close wheat was 13;-2'; un- der yesterday's finish, July 1.223,, Sep- tember 1.23%-34; corn, 135 off to 1! up, July 1.28'5-1,, September, 1.1455- s, and oats 'g-74 down o L 12005 1950, 1 . 116 1 " 441, 43 43% i 1R LN12-%, 111 400 40vi 1 145 T 21 114 arty July 1620 Sep. 16.07 16.07 Chicago Cash Market. Cash wheat, all new: No. 1 red, 1.27-27'2: No. 2 red. 1.26-2714; No. 3 red, 1.24-25; No. 4 red, 1.20-21; No. 5 red, 1.17'4-18'4: No. 1 hard, 1.28', No. 2 hard, 1.26%-28" | 1.2412-2614: No. 4 hard, hard, 1.17-20; garlicky 1.2213; No. 2 red, 1.23 1.20%-211%; No. 3 mixed, mixed (not garlicky), 1 mixed (not garlicky), 1.22'.. Corn. No. 2 mixed, 1.32, 97 per cent White: No. 2 yellow, 1.30%;-12: No. 4 yellow. 1.25; No. 2 white, 1.32-33, later out- g side; sample grade, 1.02-09. Oats, No 1 white, 53%-55: No. 2 white, 54'.- 5: No. 3 white, 50-53%; sample grade, 46-47';. No rye. Soy beans No. 2 yellow, 1.46. Barley, feed, 5 71, nominal; mal!mg. 71-97, nominal Winniper Prices. o WINNIPEG, July 9 (@) —Grain range to- P WHEAT— High. Low, Close. 1427 144 " 14 o er. o 0 2 1.37Y OATS- ‘2 a1 Dorembcr ] 441 3 Northern, 1< o, No- 3. white » imore Quotations. BALTIMORE Ty Vi o " heat. No Winter.” garlicky. . domestic WELLINGTON FUND A Living Trust Fund Available in units of $10.00 a month and up. Single deposit certificates $300.00 PROSPECTUS SENT ON REQUEST. | Woodward Bmldln; National 3717