Evening Star Newspaper, July 12, 1937, Page 17

FINANCIAL. -~ FEW SPECIALTIES AGTIVE ON CURB, Carrier Corp. Up 3 Points Due to Hot-Weather Demands. Bs the Associated Press. NEW YORK, July 12.—Stocks milled about indecisively in curb market trading today with a few specialties coming to the front. Carrier Corp.. makers of air-condi- | tioning equipment, spurted around 3 points, believed by traders to be a re- | flection of what extreme heat is doing to the company’s sales. Colt's Patent Firearms climbed over «-a point and Red Bank held the spot- light in the oil division as it pointed up 1!5. Utilities were neglected and showed sagging tendencies. Edging down a bit were American | and | | Atk Nat Geupf.. Superpower, Aluminum Co. Mesabi Oron United Gas and Tnternational Pe- | 378 B8 troleum worked a trifle higher. BOSTON ISSUE OFFERED. NEW YORK, July 12 (P.—A syn- dicate headed by Adams, McEntee & Co., Inc., offered todav an issue of $225,000 Boston Metropolitan District of Massachusetts coupon 2'¢ per cent bonds, due March 1, 1952, to 1958, and priced to vield from 2.30 per cent to 2.45 per cent. DOMESTIC BONDS, High Ala Power 58 '51 it A Firest Tire Flotida P & Gatineau Pw Gatineay Px A5, Pb 5 106 10412 104, S0y Rity R 101 101 STTEPRITIEN THE EVENING STAR, WASHINGTON, By private wire direct to the Btar. All time shown below is davlight saving on which the Exch; [ 2:30 Stock and Sales— Dividend Rate. Add 00. Ainsworth b2ic) - Alr Device Corp.. 3 Ala Gt South (3) 598 Alabam Pw pf(7) 108 Allied Prod A 1% 1 Aluminum of Am 2008 Alum Am pf (6) 508 Alum Goods b25¢ 1 Alum Ind (40c) __ 2008 Aluminum Ltd . 50s Am Afrlines Ine. Am Beverage Am Box R'd bi3 Am Centrifug: - Am CPRL A (3) Am CP&L B azic ynm B t60c High. Low. Close. 149 144 14, 145 146% 115% 115% G e TH 117% 118 274 2 Am Gen (a50c) . Am Gen pf (2) AmL&Tt1.20 Am Maracaibo Am Superpower Am Superpwr pf_ Anchor Post F_. Ark Nat Gas Ark Nat Gas (A). 2% aw I TR B 20— B 1 ATk P& Lpf (7). (80¢c) . Ashland Ofl t40c_ {ASEILth362 | AcsoG & 185 pf Atl Cst Fish b Atlas Plywd 113 . Austin Silver Auto Products __ Auito VM (150¢) Avery & Son . __ Axton-Fisher A__ Rxhcnx & Wil4 . , Rald L bd rts(d) Baldwin Rubite. Barium Stain Stl. Bath [ron Wks __. | Beech Aircraft v Cons () Rourijols (a7ic) o | Bower Roll B(2) 30 241 Rright Star E1 B. 11 Corp (A) W& Sull Cable 51 Prod vte Can Flvdro 1st pf. Can Marcon! _ Carnation (1) .., e Metals_ Carrier Corp ter (1W) Ric Callnlnid pf Cen Hud GEE Sie Cent Oh 811 b Cent &S W Ut Cent States Bl Cantrif P t40c Chi Riv&M baoe_ Cities Servica Cities Servpf City Autn (+60c) Claude Neon Lts_ Clev EIl Hlu(+2) Cleve Tractor Colon Dev Ltd _ Coln Fuel&] war_ Calt’s PEA Colum O& a | Comwlth Dis Comwlth & S wr Comnuty P&, 18t Community W § Consol Capper | cGEL&P Bo | Cons Gas 1til Cons Retail § ‘ Consol Steel Contl Roll&S | Cooner Bessmer. | cora Corp | Gosdon e | ¢ | .60 trs_ ol Creole Pat t(50¢) Crocker-Wh aloc Croft Brewine __ Crown Centafe _ Cro’n Drug h2oe Cusi Mex Mining | Darhy Pet (50¢)_ West News U s West T Ul 3¢ A Wis P & L 35 '80 A 4 FORFIGN BONDS 0613 Buen A Pr Parana Braz Santiag Chil Unit 1 Sve - ww—With warrants gants. n—New. <t (stp) $Nagotiabilits Impa red b tCompanies reported in roc: —— - SHORT TERM SECURITIES (Reported by Chas. D. Barnev & Co.) Amer Te] & Tel 8l 104 1 9 nt Mer Ma fis 104 Int Tel & Tel 4155 192 Laclede Gas L 3 ng Island Gen 4s s Louis & Nash R R 45 1940 Mich (‘!nt R R 4 Wid R e ;,fll&NthRRU 2s 1939 St L 8~ nn(fl( 1038 New York Dock 5s 39 N Y Susa & We N Y Tel Co 43¢ Tor Pac R R of Mis 45 1 Penn-Dixie Cem fis 19417 Penna R R Co 4s 1943 = Ria Grande West 4< 1‘1'\'1 Term RR As St L 4! 2301 Yanadium Corp 35 & Weat Dnion el 581 NEW YORK SUGAR. YORK. July 12 (. —Raw sugar was unsettled early today by the sharp yeaction in futures and although no salgs were actually confirmed sugars were_avail- able at lasi-paid price of h:t showed no further interes . Fears of further delays in enactment of sugar legislation. and uncertainty over what will be done since the administration is against the revised sugar bill, lead to increased liquidation and commission house selling in the futures market. Prices broke rather sharply. The weakness was particularly pronounced in No. :t contract where July sold down to 2.3 and May te 2.4 or 4 to 9 points net low: Siop orders were uncovered on the de- eline. but aiter the execution there was partial Tecovery on trade buyine. with the general list at midday about 3 to 7 points Snet lower Yo, .4 September sold off (o 118 and to or 1 10 points net lower, ahd these 16ve Al miadRy & no change in refined where ere were Jisting At 4.70 for fine anuiated. but s continued good with- &rawal demand was reported. on Rubher _ > nf Derby O& R pf b2 | et Grav Iron 4c | Dat(Mich)Stove i Diveo T Trk (40c; Domin Steel Duro Test (40c)_. Duval Tex a50e - | Eagls Pit T hine stn G&F Asso. nStates Pw _ <YW B h2ie r Elec (asc) 1 Bond & Share._ EIR &S pf (6) | E1 Pw As A b1io_ &1 ont war __ D G&F 6% pf P G&F 8% nf ity Crn a2ic Jurop’n Bl bd rts Evans Wall Ld | Fx-Cell-0 (bi0c) vild A alse Istaff Briity Ferro Enam bTic Fidelio Brewery Fire As Phila t2 First NS 1stpf 7 Fisk Rubber ____ Ford(Can)A (1) . Ford Ttd b21.3¢__ Froedt cv of 1.20 Gen Alloys = Gen Firepr b23e Gen Invest Gen Tire & Rub Georgia Pw Glen Ald ¢ Godchanx 65 Goldfield Con=ol Grand Natl Flms Grand Rap V (1) Gray Tel P'S (1) Grt A&P T nv t6_ Greanfleld T&D __ Gulf Ol ( ) 1f St Utpf 5. Hall Lamp &0¢ Harvard Brew Hat Corp B 80c Hearn DS h1 Hecla Min bi5c Helena R (A)1 _. Hewitt Rub b30e_ Hollinger G t6 Holophane b2 Horn & Hard Hud Bay M b75c Humble O11(114) Hussman Lig 11- [llinots lowa Pw_ 11l lowa P pf 215 111 fowa P d ctfs Illinos Zine b25e Imp O1) Ltd +50c. Ind Pipe L b30c._. Insof N Am t2 Intl H&L Ltd Int) Pete (t115)__ Intl Radio h2jec__ Intl 'Util (A) Intl Utl (B) Inters Home Eq__ Interst P Del nf Iron Fire vte 1.20 Irving Air Ch (1) Jacobs(FL) (1) _ Jeannette Gl as0c Jer C P&L D 6 Jones & Laugh St Ken Rad A - Kingston Pr 40¢ Kirby Petrol 20c_ Kreuger Br (1)~ Lake Shore (14)_ Lakey Foundry Leh Coal&N 30¢ Leonard Off Lion Oil Ref (1) Locke St1 C 180¢.. Lockheed Afr____ 6 1008 251 761, 10 100 | Overseas ? | over NEW YORK CURB MARKET 2:30 Stock and Sales— Dividend Rate. Add 00. Lone Star G8Uo.. 1 Long Island Ltz 4 Long I L pf A(7). 108 Long I L pf B(6). 1508 Loutsana Ld 40c_ 40 Lynch Corp (12). 4 McCord Rad (B)_ 1 McWillms Dt2.2 1 Mangel Stores___ 2 MuglyOxl(l i sey Harris_ 2 Mmer Elec (1) . 1 Mead John'n (13) 60s Merritt Chap & S. 1 Mesabi Iron _. 5 Mich Bumper R 2 1 1 2 . ‘ High. 10% 37y 80 Low. Close. 103 - 10% 3% 3% 80 80 67 1384 42 5 Mich Gas& Oll__. 1: Mich Stl T b30c Mid Sta Pet (A) . Mid Sta P vtc(B). Midvale Co (b2)._. Midwest O11(t1) _ Minn P&L pf (7)- Molybdenum. Mont Ward A (7). Moody pt pf(3) _ Mount Prod(60e) Murry Ohio b0c. Nat Auto (b1) 50 108 3 AR08 258 R 10 Nat Fuel G t Mfg & t Rub M a20c tService t Service pf Nat Susar N J(2). Nat Trans bisc ptune Mabic A New Hav Cl1% _ Newmont M b1ty NY Auction [ Niag Hud Power_ 3 Niag H P 1stpf 5 100 Niagara S B blic Niles-Bem-P (h1) Nipissing(b25c)_ Noma EI (b40c) North AmL & P_. No Am Ray B bi_. Nerthn Euro Oil - Northern P L Tie. Nort States P A Nor Tex El pf(d) Ohio Br (B) bl Ohlo Pwr pf (6) _. Okla Nat Gas Okla Nat Gas pf - Okla 45% 214 17 58Y 107 147 21y 101y 8 Pan-Am Afr (t1). Pantepec Oil Parker Pen (2) Parkbg R&R b40e Tender G (B)aioe Pennioad (a2ic) Penn G&E(A) 115 Pa P&L pf (7) ___ | PaSalt (bid) | Pharis T&R 60e | Phillips Pkg as0e Phoen See b25c - Pitney Bow 140c_ Pitts Forging Ditts & L E ba1g Pitts P1Gl(b215) leas Val W bloe Na—RE—ana 200, Tropper Met: (d). | Prudential Inv Pub Sve Ind pf __. Pub S Ind prpf - Pub Ut Sac pr pf Pug Sd P&1 $6 pt Ry&Lt Secalss Rainbow Lum A Raymd Con (11)_ Raym'd Conpf 3. | Red Bank Reed Roll B 180c. Reiter Foster Richmd Radlfator Root Pet (b25c) .. Rossia intl Corp_ | Rustiess 1 & St . Ryerson&Haynes St Regis Paper _. amson United __. iff Co (2) riberling R W ——0E St | Simmons H & P__ Simplicity Pat - Solar Mfg(bloe) . bnotone (a10c) . 0ss Mg (30¢) _ o P’a Oil (¥11) o Cal EdpfR 115 So Cal EApfC13 Soutl'd Roy btie. °n Chain hihe and Oil Ky t1 _ and Oil Ohfo 11 tand Pwr & Lt._ nd P&L (B) | Stand S & L (40) | Stand St Spa2ly Stand Tuhe (B) _ Starrett Corp vte | Sterchi Broasic_ tarl Alum bane Sterlinz Br bloe Sterling Ine 120¢ Stroock & Co(2) . Stutz Mot C (d) . Sunray Oil hise . Swiss Am El pf__ | Taggart Corp __ Tastyeast Del A_ Taylor Dist 30c__ Technicolor aifc. Thew Shov as0c Tilo Roof Inc (1) Tob&All Stks bl Trans-Lux 120c 470 1141, 103, | Utd Corp war _ Unit Gas Corp Unit Gas pf b3} Unit Gas war . Unit Lt& P (A)_ Unit L& PptA Unit Prof § bloc_ Utd Shipvds B _ Utd S Mch pf 1.50 U S Foil B (1) US Radiator . __ Unt Ver Ex (b1)_ Unit Wall Phi5e_ Univ Pictures __ Univ Prod (b1) _ Util P&L pf (d) Utility Equitles Utility Ex Util & Indus pf__ Venezuela Pet __ Voght M Co 80c__ Waco Aireraft___ Wag Bak bRoc Walker Minmg Well't'n Ofl Del _ Wentworth ble_ W VaCoal &C __ Westn A E(a2ic). Weyenburg b20c_ Will0il-0-Maj0c Wil-Low Cafe(d) Wolverine P C Wolverine b40c _ Wright Harg 1400 6'a Ygstn St1 Dbl 13 677 6814 Dividend rates In dollars based on last puartly or semi-annual payment fAn- nual ‘rate—not including extras. tAc- cumulated dividends aPaid last year Paid this year d Companies reported as being in bankruptcy or in receivership. or | belng_reorganized under the bankruptcy act. or ‘securities assumed by such com- anies. FIDELITY MUTUAL LIFE REPORTS GOOD GAINS Srectal Dispatch to The Star. NEW YORK, July 12.—June, 1937, completed a 12 months’ cycle of im- proved business for the Fidelity Mu- tual Life Insurance Co. of Philadelphia, during each month of which gains in new paid life insurance were reg- istered over the corresponding months of the previous year, according to Frank H. Sykes, vice president and manager of agencies. Insurance in force gained $5,164,- 500 during this period and now 12 20 2% 10 513 4% 9% 124 H ta 4% 140 *| amounts to $380,799,250. New paid insurance in June, 1937, showed an increase of 22.2 per cent the corresponding month of 1936. During the same month, iapsed, surrendered and cancelled policies de- creased nearly 18 per cent, ! for | | (Purnished by, United DRUG SALES SOAR 10 6-YEAR PEAKS New Products and Better Outlets Bring Sharp Gains Over 1936. E£pecial Dispatch to The Btar. NEW YORK, July 12.—Continued development of new products and the opening of more fertile distribution outlets have widened both production and sales in the drug trade to the widest proportions in six years, ac- cording to a survey by Dun & Brad- street, Inc. “During the first six months of 1937, output ranged from 15 to 20 per cent larger than in the 1936 period, wholesale volume was ahead by 8 to 15 per cent, while re- tail sales rose 12 to 18 per cent. In most divisions, comparative monthly totals of the years preceding back to 1931 were passed. One of the out- standing developments was the in- creased volume of independent stores. “Demand from foreign countries contributed to the advance, medicinal exports for the first quarter of 1937 going close to $4,000,000, which ex- ceeded the 1936 total by more than 35 per cent. At the rate of current ex- pansion, wholesale volume for 1937 has been calculated roughly to reach around $750,000,000. This would rep- resent A rise of 8 per cent from the estimated 1936 total of $696,000,000. The latter was based on a gain of 12 per cent from the $612,884,000 re- ported by the Bureau of Census as the 19368 aggregate volume of 2,004 wholesale drug distributors. “New chain store taxes in many States have resulted in the closing of the more unprofitable units and the concentration of business in the larger ones. Independents, on the other hand, have been helped by the “fair trade” laws passed by numerous State legislatures, which permit contracts with manufacturers for the mainte- nance of prices. Sales in agricultural areas improved more rapidly than in most of the industrial districts. “For the fourth consecutive year output of drugs has been expanding. During the first half of 1937 it rangea from 15 to 20 per cent larger than the comparative six months of 1936. The increase in some of the packaged items ran up to 30 and 40 per cent. Pa per cent higher than employe-hours around 16 per cent Many orders for Fall and holiday goods were placed during June, due to the fear of delivery delays should labor disturbances interrupt produc- tion schedules this Summer.” last year and THE WEATHER Diztrict of Columbia—Local thun- | dershowers probable tonight and to- morrow; not much change in tempera- ture. gentle winds mostly west and northwest Marvland and Virginia—Local thun- dershowers probable tonight and to- | morrow; not much change in tempera- ture. West Virginia—Local thunder show- ers tonight and tomorrow; not much change in temperature. River Report. Potomac River clear and Shenan- doah slightly cloudy today. Report for Last 4% Hours. Temperature. Barometer. Saturdav— egrees. 4 pm Ea ¥ pm Midnight _ - Bunday— 4 am ] am. Noon 2 pm. 4pm 80 % pm 12 midnight ___ oday- i R Recard for Last 24 Hours (From noon yesterday o noon todas.) Highest, 93, 4:30 pm. yesterday. Year T0.5 am. today. Year ago. 74. Record Temperatures This Year. Hichest. 93 on_Julv 0. Lowest. 1%, on February Humidity for 24 Hours. (From noon yesterdas to noon todav.) Hizhest. 97 per cent. at 8:45 p.m. yes- t. 52 Per cent. at 4 p.m. yeaterday. Tide Tables. ates eodetic Survey.) Todas. a8 Low Coast and Tomorrow. 1150 am. < 536 pm. The Sun and Moon. Rises. today 4.52 tomorrow today 93 Sun 7 Moon, 10:07 p.m. Automobile lights must turned on one-half hour after sunset. Precipitation. Monthly precipitation in inches in the Capital (current month to date): Month, Average. Record January 7.8 February be September October November December ‘Weather in Various cmes. ‘Temp. Rain Baro Hh Low fall. Weath'r 2006 90 14 Cloudy o 0.10 Stations Abilene, Tex Albany N. Y Atlania. Ga Atlantic City Baltimore. Md Birmingham Bismarck. N. D i Cloudy Cloudv Cloudy Galveston Helena, Mont Huron.' 8. D Indianapolis Jacksonville Kang, City, Mo Los Ani tonimvie Miami._ Fla Mpls.-St. Paul 1.01 0.01 ) Phifadeiphia Phoenix. Ariz Pittsburgh 0.06 024 i 0.6 2 0.04 Raleizh 'N. C Salt Lake City San Antonio San Diego San Francisco t. Louis. Mo eattle. Wa gpokane. Wash WARHING ToN - 26:00 FOREIGN. (7 a.m., Greenwich time, Temperature. Weather. London, England 80 Paris Prance Vienna. Austria Berlin, Germany _ Brest. France Zurich, Switzerland _ Stockholm. Sweden Gibraltar. Spain (Noon. Graenwich time. Horta (Faval). Azores iR (Current observations.) St. Georges Bermuda el 8an Juan, Puerto Rico K0 Havana. Cuba TEEEAN ; Colon. Canal Zone - Rain Cloudy Cloudy Clear Cloudy Cloudy today.) Cloudy Cloudy 80 Cloudy General Baking Co.—Common share earnings, 26 weeks ended June 26, were 14 cents against 44 cents in 26 weeks ended June 27, 1936, rolls were around 14| D. C, Income Disbursed by Industrial Divisions for Four Years Compared wn Govern- Communice- CENT ment tions Light MONDAY, JULY 12, 1937, 1929=100 Electric Trmpofh- Manufae- turing Trade SOURCE OF DATA: U. S. DEPARTMENT OF COMMERCE A FINANCIAL, gricul ture Mining tion POWER EXPANSION PLANS ARE PUSHED Equipment Sales Expected to Near 1925 Record This Year. B the Associated Press. NEW YORK, July 12.-—Long-delayed expansion of power plant capacity is likely to provide near-record business for electrical equipment manufacturers | this year. Total equipment sales, the An- nalist estimated, will probably cross | the $2,000,000,000 mark, within strike | ing distance of the peak of $2,300,000,« | 000 established in 1929. Trade Reports at a Glance By the Associated Press. NEW YORK, July 12.—Tabloid & Bradstreet, Inc., review of business, reported by Dun in the four divisions of wholesale and jobbing, retail trade, manufacturng and industry, and collections This week compared with the corresponding period last year Whole- sale. Good Good Good Good Good Good Good Good Quiet Baltimore - Chicago - Cleveland Detroit _ Kansas City Louisville _ Pittsburgh St. Louis _ Youngstown Collec- tions. Manufac- turing. Active Active Active Active Active Active Active Active Active Retail. Good Good Good Good Good Good Good Good Good Fair Good Good Good Slow Comments. BALTIMORE —With all Summer lines sharing in the upward move- ment, retail sales went to 15 to 18 per cent over last year” larger gain in items required for July Fourth week end trips. Wholesale volume up 10 to 15 per cent from 1936; Fall buying off to a good start. Inlustrial employment around 18 per production reduction during July. Few factories plan cent larger than year ago and payrolls 40 per cent. CHICAGO.—Last-minute shopping for the July Fourth holidays and rising temperatures at close of week lifted retail sales 18 to 25 per cent over 1936 total from last year's. markets to be held concurrently at merchandise mart from Julv 5 to 17 Steel rate up to 64 per cent of capaciftv. $14,000,000 business in prospect Heavy reorders advanced wholesale volume 25 per cent City crowded with buyers for the five home-furnishing a CLEVELAND.—Although some mills still were closed, steel operations were set ahead 3 points to 49 per cent of capacity, checking price decline since early April. connections fairly active; others operating two to three days a week. weather and lingering strikes hamper Steel scrap unchanged, Coal mines with direct lake dock Bad ed consumer buying; retail sales aver- aged 8 to 15 per cent more than year ago DETROIT —Excepting that for building, all industrial indices were higher than in week preceding. Automobile assemblies went to 122.890 units from 121,032 a week earlier, and exceeded last year's at 100,697 for the elev- enth straight time retail sales to widen to 12 to 20 per cent from the 1936 total. ume to 15 to 20 per cent. as reorders increased. Preer consumer spending, as strike wave ebbed. enabled Wholesale vol- KANSAS CITY —Buying of hot weather needs and the firet respite from labor upheavals in more than a month carried sales at some retail stores to largest total since Easter; averages up 5 to 11 per cent from 1936. Only slight gain in wholesale volume; more orders expected next week. as wheat is selling at highest price in prices also brought more live stock to the market years, despite heavier receipts, High LOUISVILLE —Despite the spending of the soldiers’ bonus at this time last year, retail sales were ahead of the 1936 total by 18 to 22 per cent, with electric refrigerators and ranges up 25 per cent, and luggage 30 per cen' Fewer complaints from merchants regarding unwieldly stocks June reports of electric output, bank debits, and building permits favorable; gains regis- tered over previous month and year ago. PITTSBURGH —Industrial production advanced slightly for week, despite holiday shutdowns. Steel operations expected to reach 93 per cent of capacity at midweek; current rate at 89. Steel scrap prices marked up for second time since low touched in cent over last year's; wholesale volume up nearl lumber and builders’ supplies slowed early May. Retail sales 12 to 18 per per cent. Buying of by lull in new construction. ST. LOUIS —More strike settlements permitted industrial production to increase; budgets still overloaded: larger number of unemployed absorbed by factories. Reliel four new tax levies proposed. Retail sales up 10 to 16 per cent from a year ago. with Summer apparel and sporting goods leading. early crops are being marketed at high prices. acute. YOUNGSTOWN.—Reopening of Wholesale volume bolstered by larger orders from areas where Shortage of farm hands more mills, following the July Fourth holiday, expected to send steel mill operations to 80 per cent of capacity by midweek: were scheduled for operation swarting July 6. rate at 73 per cent last week. Of the 83 open hearth furnaces, 63 Decided spurt in eonsumer spending during week, but retail sales were not more than 3 to 10 per cent ahead of the 1936 total. Baltimore Markets Special Dispatch to The Star. BALTIMORE. Md.. July 12.—Pota- ties, barrel, 1.75a2.00; 100 pounds, sack, 1.10a1.15; sweet potatoes, old, bushel, 1.00a1.50; yams, new, bushel, 1.50a2.80; beans, bushel, 35a75; near- by, bushel, 60a85; beets, nearby, bunch, 1'2a2; cabbage, round type, bushel, 25a40: carrots, California, crate, 4.50; nearby, bunch. 3a4; cauli- flower, crate, 2.25a2.50; celery, crate, 1.15a3.50; corn, sugar, crate, 1.00a 1.25; field, crate, 1.10al.l nearby, field, dozen, 18a25; cucumbers, bushel, 35a60; nearby, half bushel, 25a30; eggplants, crate, 125a1.75; bushel, 75a1.00; lettuce, California, Iceberg, crate, 2.50a3.50; Eastern, Big Boston, crate, 40a45; lima beans, bushel, 1.25a 2.50; onions, 50-pound sack, 90al.15; peas, bushel, 1.25a2.15; peppers, bushel, 75a1.00; crate, 1.00a1.60 squash, nearby, half bushel, 12!,a25; spinach, nearby, half bushel, 40a50; tomatoes, lug, 50a1.25; apples, bushel, 50a1.00; blackberries, crate, 1.75a4.00; nearby, crate, 2.00a3.00; cantaloupes, crate nearby, half bushel, 60a75; crate, 2.75a4.00; honeydews, crate, 1.50a1.75. huckle- berries, quart, 10a12; peaches, half bushel, 75a2.25: bushel, 2.75a4.25; raspberries, black, quart, 11a15; red, pint, 6a10; watermelons, each, 20a30. Dairy Market. Live poultry—Broilers, Rocks, pound, 20a23; mixed colors, 20a22; Leghorns, 15a19; fowls, Rocks, 20a22; mixed colors, 18a20; Leghorns, 15a16; roost- ers, 10a12; ducks, 12al4. Fggs—Current receipts, dozen, 21a 22; hennery whites, large, 25a26; medium, 22a23; receipts, 861 cases. Butter—Prints, pound, 34a35; good to fancy, creamery, 31a32; packing stock, 16a17; rolls, 19a20; receipts, 45 | tubs. Live Stock. Cattle—1,150, including 250 hold- overs; most classes slow, weak to lower than last Thursday's levels; few loads good grade steers close to steady, water fills considered, but that class mostly 25 to 50 cents lower; cows and bulls 25 cents off; several loads good 1,060 to 1250 pound steers, 12.00a 12.50; strictly grain feds absent; plain and medium grades 900 to 1,100 pound grassers, 8.75a11.25; few helfers up to 9.00 or above; low cutter and cut- ter cows, 3.75a5.00; plain and medium grade fat cows, 5.25a6.00; few good grade to 7.00 or above; plain and medium bulls mostly 5.50a6.85. Calves—550, including 50 holders; vealers steady with Friday; good grades mostly 10.00a10.50; plain and medium, 7.50a9.50; culls down to 6.50. Hogs—850: mostly 10 cents lower than Friday; packing sows off 15 cents; good and choice 170 to 310 13.30; 220 to 250 pounds, 12.55a1395; 260 to 300 pounds quoted 12.05812.55: | 140 to 160 pounds. 12.85a13.10: 120 to | 140 pounds, 12.10a12.60. good grnde‘ sows, 10.75a11.25; hogs from doubtful areas not represented in above prices 1 Sheep—2,500; not enough done to make & market test on Spring lambs; | most early bids sharply lower: catch sales early of small lots up to 11.50. but prospects around 11.00 down for bulk offerings. Grain Market. Opening prices were ‘Wheat—No. 2 red Winter, garlicky, | spot, domestic, 1.17. Settling prices were: No. 2 red Winter, garlicky, spot. domestic, 1.18%. 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 1'; cents per bushel for storage and elevation. Rye—No. 2, 95a1.00. Barley—65a70. Hay and straw unchanged. Sales of cargoes on grade at 1.191;, 1.1714, 1.15' and 1.13% for numbers 2, 3, 4 and 5 red Winter { girlicky. Sea Food Market. Catfish, per pound, 5a6; 8al0; carp, 3a4; eels, 8al0; haddock, 8a10; mackerel, 5a6; white perch, 6a8; | yellow perch, 10a12; trout. 5a6; blue- | fish, 10a12; flounders, 10a12; croaker: 4a5; spots, 4a5; hardhead, 4a5: butter- fish, 5a6; soft crabs, 1.25a2.75; hard crabs, barrel, 3.50a4.50: dozen, 30a4: crab meat, pound, 25a35; shrimp, 15a 20; clams, large, 100, 80a90; Cherry- stones, 60a65; Little Necks, frogs, each, 25a35. Tobaocco Market. Maryland farm leaf. nondescript, 3a4 per pound; common, 4al10: me- dium, 10a30; good to fine red, 30a40; seconds, common, 3a7; medium, 7al5; good to fine, 15a35. RASPBERRIES SOLD HERE. HAGERSTOWN, July 12 (Special).— When a strike of truck drivers at Pitts- burgh threatened the sale of Washing- ton County's big raspberry crop this week, the growers turned to Washing- ton and Baltimore markets and have been successful in marketing their crops there. dressed, | 50855 U. S. TREASURY NOTES. (Reported by Chas. D Barney & Co) Rate_-Maturity 3V Bept. 15, L] Washington Exchange | SALES. Lanston Monotype—1 at 92. Peoples Drug Stores common—10 at, 50, 10 at 50, AFTER CALL. Potomac Electric Power 51, % pfd.—8 at 11275, 10 at 11214, Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid 104 MISCEL y Chase Clun Ist 4! . Cold Blorage 5% STOCKS. PUBLIC UTILITY. Sieamhoss. (8) W7 ptd, () P _(3.50) AND TRUST COMPAN r Sec & Trust Oo . Cagital (4) Com. & Ssvings (+10) berty ¢ oin (16 25 308 Sav. & Tr Pr. Georges BK. & Tr. (.30) Riges (e%) e« pid (51 Vashinston () Wash. Loan & Tr FIRE INSURANCE American (8) | Corcoran (5) men's (1 201 National Union « A0 Power companies have been about | the most backward in industry in ree | habilitating plants and expanding capacity in the last five vears. The gain in 1936, for example, was only about .6 per cent This year plans already approved call for the expenditure of something | in the neighborhood of $350,000.000, | as compared with $275.000,000 | | vear. Estimates have been rev upward and the total expenditure may reach $450,000,000. The boom in heavy household equip~ ment has gathered momentum throughout the year. Radios, re- frigerators, washing machines and other appliances have established all- time records monthly, the Annalist notes Orders booked by 78 manufacturers in the first six months were estimated at $332.000,000. or about 57 per cent above those for the like period of 1936. Makers of tribution equ terials, cabl paratus look to ber loosen their purse str: the An- nalist says. Rural electrification has already boosted their sales consider= ably. Expansion in other industries has added to the production of makers of switches, motors and installation de- vices. transmission and dise Retail Display Advertising Up 18.7 Per Cent By the Associated Prasc CHICAGO. July 12.—The publica- tion Advertising Age reported tnday retail advertising in newspapers in 78 cities increased 18.7 per cent for the week ended Julv 3. over the eorres sponding perind of 1936 Increases were shown in 24 of the first 27 weeks of 1937 Newspapers in the 78 citiez carrad a total of 18.540.004 lines for the re.- ported week, against 15.619.837 linse [ Lanston Monatipe c14) . respectively, ' 2 -39 100 11-32 i TITLE INSURANCE Colimbis Ca0) e or the corresponding week last year, a gain of 2,921,047 lines MISCELLAN Carpel Corp (2.00) it Money for Construction Loans and Loans on Existing Properties er Ref & \;n COID (i) Wdwd. & Loth. com. (*1.50) Wdwd. & Loth. ptd. (7) LEx dividend FIRST DEED OF TRUST ONLY b—Books closed. GEORGEI.BORGER 643 Indiana Ave. N.W. Nat’l 0350 p-m .nuu 30. 1938; 45¢ pald De- mmaer'-' el De 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 BUILDING ASSOCIATION 915 F STREET N.W. Organized 187! Consider These Facts When You Wish To Arrange A REAL ESTATE LOAN (] LOANS on improved or to be improved real estate— as low as $7.50 per thousand per month PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United States. PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep in close comtact with the officers and materially assist in including interest and curtail . . . No commis sions . No renewal fees. Let us help you solve you: problem with a Perpetual loan. the speedy handling of loans. PERPETUAL'S regular examinations by the U. S. Treasury Dept. are sup- plemented by special C.P.A. audits as well as its own Auditing etaff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12,000.000 for the year. PERPETUAL BUILDING ASSOCIATION 11th & E STREETS, N.W. ESTABLISHED 1881 Largest In Washington=Assets Over $43,000,000 ARTHUR G. BISHOP MARVIN A. CUSTIS EDWARD C. BALTZ Chairman ef The Board President Secretary