Evening Star Newspaper, July 14, 1937, Page 15

. FINANCIAL. RAIL OBLIGATIONS TEND BACKWARD Falter in Uineven Bond Mar- | ket—Utilities Find Little Support. Bond Averages 20 10 10 10 Rails. Indust. Util. F'an Net change Today, noon Prev. day Month ago. Year a0 .. 1937 high_ 1937 low_._ 1936 hign_ 1936 Jow 1Unc. --1 93.21030 969 11030 97.0 93.11029 97.4 93.3103.3102.7 99.0104.4 1028 9091022 958 98.21044103.1 8691018 993 1932 low. 458 400 646 1928 high_.101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon . ..111.0 Prev. day.111.0 Month ago 1110 Year ago. 111.7 1937 high_ 1137 1937 low._ 108.4 1936 high. 1135 1936 lo 110.2 1928 high_104.4 1932 low.. 8638 (Compiled by rhe Assoclated Press.) By the Assaciated Prese NEW YORK, July 14--Rail obli- gations faltered in an uneven bond market today. Utilities found a little suppori and Federal bardened. Tnternational Hydroeleciric 6s fumped sround 1'4 and Utilities Pow- er & Light 55 moved up a minor fraction. American Water Works 6s gained around These issues leni KUppOTt 10 An ofherwise sagging tn spite of the fact that electric oui- put showed a more than seasonal de- | cline. A few industrials came 10 the fore. Youngstown Sheel & Tube 3',s pushed up over a poini and Interna- tional Paper 5s were betier bv a major fraction. Belhienem Steel 41,5 improved ‘s, while the 3%s drifted down a bit. leaning backward were Sania Fe 4s. Southern Railway 4s, Missouri Pa- eific 55, New York Centrai 5s and Erie 55. M. K. T.5s and Union Pacific 2'5¢ moved up a little. Wabash loans were unchanged 1o & shade lower following announcement of & reor- ganization pian. Foreign ssues swings each way point. with a were mived ranging under . DIVIDENDS DECLARED NEW YORK. J elared (preparcd © Fisrics Co. 145 Dividends the Siandera Extra - Stk of . recor Pae- Glone & Reo Ins Special. s, Tnere Minn-Honey Reg Accurgulated Chic ®) Mig 7 A pf_ $1 Riversice Cemen: $1.25 cum pari A %hc Passed. Morrell, Jonn & Co Regnla Bullock's Tnc 5% pf $I Com Pub Sic it crf Gilmore OIl Globe & Rep Tns Hollander. A & Son Kress S H Co do spec pi__ McGraw Elec Plym'uth Rub ; ¢ Com Pub S 1t S5 1t Sears Roebucs & Co Union Ol United Stove Utca G&E % do %8 pf Zenith Radio Corp Best & Co Rike Kumier £0 DODOOD DO Moore Do Forg *1 3 J Newoerty 56 pf 81’ United N J RR ¥ DD oDOLO ©F FEDERAL LAND BANKS NEW YORK July 14 » banx bona Raie. Maiuiitr 414 Nov, Fecersl land Aked 1047, 1013, Bid Julv) 194634 1020 10074 195646 1004 101 CHICAGO LIVE STOCK. CHICAGO. July 11 ' (U, S. Dept. --Hogs 10.000, jacluding 00 market active, around steady day's average; light and medinm weight packing sows stroug to 10 higber: scarces turning Jocal interesis to buichers from ”250-300 lb.. top, paid and refused; bulk d good aud choice 1K 10 b 12.10-30; 150-150 b, 11.5 .10; good 300-426 1b. packing sows. mostly 10.00-60. Cattle, 7.000; calves, 1 500; choice and prime medium weight and welgnxv steers here; market slow. steady %5 lower: common and medium Hl’ld?\ 25 off; prospective top sround 16.7h for eutstanding show type weighty siee Bulk of long-fed offerings with sprinkling st 16.00 fed vearlings, both ste ateady: &31-1b. heifers up io assy heifers and cows weak &0 ulls steady 10 weak: veslers 9.756 down 5 Sheep, 10.000. inciuding & 500 direct; epening trade generally around steady: na- Tive Soring iambs. 1035 downward to local packers; best held around 1100 as yet mething done on vearlings: sisughier swes 3.00-4.50. Agr.} direct; liberal supply 5 lower ai ¥. 8. TREASURY POSITION. B vbe Associnied Prese. The oosition of the Treasury oo Julv 17 expenditures. 2 486 445 . the month, 14:039.477 84, ! Wéceipta for ibe fivcal vear (since July . $189.062.515.45. expenditures. $367.- #71.921.15, “including $82.305.786.66 ot gency expenditure: $17 70 aross debl. . increase of 405, . an 3 384.60 over the previous day: gol $12/405.050.641.31, including $1.173 435.33 of inaciive’ gold Deceipts for July 11. 1936 (comparapie last vear). $20 506343 90: expendi- ssnaznhsm‘ net balance. no 29 564855421 05 of an'zpucr :excess of tb):pen) i wross del sseis. $10.6%4,502.7 L muun NOTERS. L PORE. Juby 14 (@) —Prices quoted -fi- and ehiny-sesonds: Bid Approx. Asked vield. L3 SHESHREFSLTERL 100-18 100-17 99 100-14 Cl{ICAGO PRODUCE 'AGO, July 14 (P —Butier, 10.733, unchanged, Eags. ' 13045, itry, lve, kens easy: ).Ienli!yver Plymouth Rock, 3, 14: No. 2 turkeys. 13; ducks, white ‘eolored, 4% pounds up. 12%: small, weese, 12 MONTREAL SILVER. MONTREAL. .Imv 14 (). —Silver opened ste: nd unchanged. €5ThbT " September, | 44.50b; Fq 45b. b—Bid. 5 fu- July, mber obligations | h Tues | excess of expendi- | ummn eceipts for the | ”» Can’dian Pac 424560 103% 103 By private wire direct to The Star. All time shown below is davlight saving on which the Exchanxe is now eperatins. “Approximate Transactions Today. U S Gov't Bonds._. 250,000 Foreign Bonds 860,000 Domestic Bonds .. .690.000 TREASURY. High, Low 9R.1 98 107.26 102 100.26 100,24 238194 | 2%s19 | 2%s 19 2% 81 | 271 38 1946-48_ 35 1951-65 _, | 3165 1946-49_ s 1941 215 1944-46 3334 1040-4 % 194 38194 4’(19!4--}0 106.11 106.18 05.17 5 106.10 109.31 1 111,20 106.18 116, 116, FEDERAL FARM MORTGAGE. R — 106.20 10517 106.15 10! ~. 111,21 . 106.21 {435 1947-52 . 116, 3‘,.:!96( = .3 103.3 HOME OWNERS' LOAN. 14 100.20 100.18 100.20 - 10210 1 FOREIGN BONDS. High. Low. Close. 991, 994, 103.3 10 10210 | | Abitibi Pa&Pw 6553, Adviatic B Antioguia is 4 Antioouia 2d T (I 923y 1015 1009 100 10135 10148 1014 101 100% 1000 1013 1013 1016 1014 1015 10614 106 Argentine 6s Argentine 65 Argentine 6s '60 May. Argentine 6s ‘60 Sept. | Argentine 6360 Oct_. Argentine 6s°61 May. | Australia 435856 Australia bs Australia 5s Belgium Brazil 6§ Brazil 61, | Brazil s 7% Brazil 83 41 | Brisbane 6s Biesnos & 3¢ '8 Feu A 4'3-13,8 | Buenos Alres 4335405776 April Busins A4',x-438'75 wl Buenos A 47,876 Aug 3 3 v Canada 25844 <45 67 s'61 Canada 4s'60_ Chiie 6560 20t Chile 6561 E 2018 Chile 6562 : ' | Chile s & 200 Chiin 7s 42 __ 200 Chile Mig Ek 62761 o 170 Chile Mig Bk 6562 A Chile Mtg Bk 6 | Chile Mig Bk 6361 s Chilean Mun L. 7s 60 ] Colombia 63’61 J’m Copenhagen | Copenhazen T 5= Cordaba 7837 City __. | Cordoba 7s 37 stpd Cuba 58’04 Juba bl 45 | Czechoslovakia 8’51 Czecnoslovakia 8552 Denmark 4726 Denmark b5 Denmark 654 Domin c 15t 5 GerC Bk A s Ger C Bk A 6560 Oct_ Ger Gov b'ys 65 st Ger Ren 1‘ 49 stpd | G ElJap 6155’5 1 Greek Gov 63768 Italv s 51 ftalCrd P W ’.': 47 161 1023, 613, 82% 100 94 995, 1067 1000, 101 | x4 S| 0 i 101 101 7 637 104 104 104 104 1005 1003 1apan 6igs " Lombard | Medelin 62,% Mex 4870~ 4 | Mexico sf 55 '45 asst Mexico £33 sm asst Milan 615852 Minas Gers 61, 9 | Minas Gers 6 Montevideo bs New So Wales58'57_ 1031, 1021, 1 New So Wales os 1037 Norwav 4= 63 9900 Norway 4%;s 10178 Norwav 47,856 104 | Norway 6s 4 A 1053 Norwav 6 '44___ 1063, Oriental Dev 6s'53___ &2 | Panama 5563 stn as 3 e Paulisia Rv 7 901, { Pernamouco T 243, Peru fs 60 19% Peru 6361 19t | Poland 6915 631 | ! Porio Alezce 3861 Prussia fs b2 | Prussia 6% 31 Queensland fis 47 | Queensiand 7s ‘41 Rhine W EI P s’ | Rio de Jan 6.5 53 | Rlo Gr do Sui 6368 Rio Gr do Siil 846 | Rome 61,852 | Sao Paulo St 7a°40 | Sao Patio st 30 Pauio St § | Sao Paulo St 8s | Shin'su E P 6 Lyria 7846 KFeur Taiwan Elec 5% Tokio 54861 oklo £ L Lid 6 Ujizawa B P 7545 9 6 96 | | Uruguav 6360 Urugtiay s '64_ Uruguay 83 46 Yokoboma 6 '61_. z 24 1 109 2 3 | DOMESTIC BONDS. | Adawms Express 4='47 101 101 GriSoconbs’43. 112 112 | Alieg Corp bs'44 _. 96's 9614 Allex Corp bs 49_ 90%, Alleg Corp bs'60 = 6412 Alleg Valiev 4 110 Aliied Stores 42,3'50 10014 Am & For Pw b5 2030 94 Am Icecv 58’53 97 106% 106% 99% | 991 104 * 11185 139% ! 1043, Am Intl 53349 |Am T &T 3% s’61 AmT & T 3%s'66 AmT&T 47,539 Am T &T5%s 43 Am T F 2%s-55'38-'50 Am Wat Wks 63’76 __ Anaconda deb ¢34 850 Anglo-Chil Nit 78 '67_ Ann A Tstex1n 4s'95 Armour(Del)1st 4x'55 Armour (Del) 4357 _. A T&S Feadjds ' A T&S Fe gen 439 ¥eCA4ls'62 1 | Atla& Ch AT, 6344 Atl Comst Lclt 48752 Atl Coant L 1at 4 AtICLun 4% Atl Coast Line bx'45_ Atlantic & D 1stéw'48. | Atlantic & D 2d5s'48 _ B.& O 1st 41 O ref 532000 D. O6s'96 F____ O ref 65 95 C 1037% 103% 91 91 108 108 119% 119% 95% 95% B & O Toledo 4 '69_.. Bang&Aroos 43’51 __ 108 Bell T of Pa 6348 B_. 120 Beth Steel 3% 8'66___ 964 Beth Steel 43(8°60___ 103 "102% 102% Bos & Me 53°67_ 80% 79% 9% Bklyn Ed con 3% 101% 101 101 Bkiyn Man T ¢%s°'66 88 87 87 Bklyn Un Gas6s’60.. 93% 93% 93% Bklyn Un G 68’67 B .. 106 105% 106 Buff R&P con 4348’67 83 83 83y BCR&Ncl5s'34._. 18 18 18 Camag 7s 42ctis.__. 22 21% 22 Can’'dian NR 4%s°56. 11315 1133 118% Can'dian NR 4%s'67. 112 112 112 Can'dian NR5s'69 Oct 118 118 118 1 Can NR 58’69 Oct rg_ 119% 119% 119% Can’dian NR 6s'70 117% 117% 11734 Can’dian N db 613546 1244 128% 123% Can'dian Pdb4sperp 94% 94 94 L Del P &I | Den & RGW 5, | Det ! Eriere | Fila ‘} Fia ECRyis | Hock Val 415 | Mead Co 63’45 | Met Ex Can'dian Pac 4325'46. 104 1034 104 103% THE EVENING BONDS ON N. Y. STOCK EXCHANGE High. Can'dian Pac 58 '54 . Caro Cent con 45°49 Car & Gen 53 '50 ww. CaroCl& O 6862 A__ Cent of Ga con bs '45_ | Centof Ga 1st bs'45 Cent of Ga b3 69 C Cent 11l B & G 5351 . Cent of N J gen fs 87 Cent: Pac 18t rf 4s'49. Cent Pac 53 60 Cert'd deb 5848 Chemp P&F 4% 850 Ches& 0 3%s°96 D., Ches & O 3% 596 B C&O REA 1st 45'89 Chi B&Q ¢38°17 Chi B&Q1 div 334849 Chi B&QI div 4x'49 __ Chi & B 1116351 Chi & E 111 58 '51 ctf: Chi Grt West 4s'59._ Chi 1&1, gen 6366 Chi 1&1. gen 6566 CM&StP4s'8Y CM&EtPEs'T5 CM&SIP&P adj552000 Chi& NW gen 45'87_. Chi & NW 4355 2037 | Chi & NW 43432037 C Chi& NW %849 _ Chi & NW rf 532037 .. CENW Nr W 613536 s 34 Chi R I&P rf 48'34ctf. Shi R I&P gen 4388 _ TRI&P 43;8°52 i RI&P 41:8 62 ctf. iR I&P 4248760 St JL&N Me 4% '51. Chi 't H&S 15U 53 '60 ChiUnStaS%s 63 B Chi & W Incon 4x'A2 Chi& W Ind 41 s'62. Childs & Co b8'43 . Cin G& K33 "66 CC&SL L (1div 4339 CCC&St L. 1f 4% 8TIB Clev E1TI1 3% 365 __ Clev Un Ter 414877 Clev Un ‘Ter 6873 B Clav Un Ter 515 Colo ¥ & I 5370 (5] © ( ( « h! h 'h h h | Colo & Cnlum! £ cmuml.m G&E5a'61- Colum Ry P&1L 43 "65. | Comel Credit 8748 '51 Conn R Pw3%s 61 A Cons kd Cons Ed 105 Cons Gas NY 4335’51 nsol O 318751 _ nsum P un 3i;8'65 Consum Pwr 37,870 Consum Pwr 3% 565, Crane Co 31,85 Crown C&S4 Cuba Northn 57, Cuba RR 1sL58'62 __ Davion P&1.3%s '60_ Del & Hud ref 4543 43 %69 Den & R G con 43 Den & R G W 6855 'boasst Den& RG ref is'78__ Det Edison 4 '65 F__ idison 5 g Duqguesne 1.t 33,8 65 Ed BTN Y Klec Auto Lite 45 52 Krie gen 45’9 Erieref 5567 Fairbk Fed I.1 orse 4s v 6542 CRy5 Gen Cable 5 « ! Gen Mor Acc3,8'51. Gen St1Cast5%;s'49_ Goodrich 424 s 56 _ Goodrieh 634 Goodvear T& R Goth Silk H b5 46 ww Grand Rap [ 415541 Grt Nr Rv 3% s 67 Great N Ry 4% 46 G__ Gri NRv4as'46 H R zen 4758 Rgn4lse” (N R5%s 52 B Green Pay deb cifs & Gulf M & N bs o0 Guif Sia Stl 4 /4n ‘61 States Util 48'66 '49 Houston Oil 7% Hudson Coal 63’52 Hud & Man inc Hud & Man ref 53" 111 Bell Tel 3570 111 Cent col tr 4852 __ J11 Cent vef 43 '55.. 11 C 11 Cent ref 53755 ICCEST LN O 47,963 LNOG3'63 _ SL&NO 551 [ S(rel deb4lzs H) Ind 111 & towa 4 Inland S113%s°6 Int R T 18t IR Int R 5D TE [Int R Int R T 73’32 ctfs Inteclake (ron 48°47_ Int Grr Nradj 6252 A Int Hydro Blec 63’44 Int Mer Marine 65741 Int Pap 1st 63’47 A __ Int Pap ref 6355 int 'l cvalpm’ Int T&T 4%s°52 Int T&T bs '55 ‘| lowa C 1st&ert 48’51 | James F & C 43739 7 Jones& L Stl 4% s81A ? I Kans CF S&M 4336 Kan CKFS&M rfas'36et Kans C So 1st 3850 __ haos City So ref 58’50 Kana C Ter 18z 4560, Kans G&K 47,380 Kresge Found 315947 Kresge Kound 4s 45 lLaclede G 5% 553 C_. Liaclede Gas 6842 A _ Lake S&M So 335397 'a | Lautaro Nit 1975x Leh C&N 43554 A l.eh Val Har 58 54 Leh V P con 43 2003 Leh V P con 43332003 Lenh V RRcon b3 2003 Ligg & Myers 53 '51 | Loew's37;8°46 _ long Islref4n'49 __ 103 Long 1sl 1f 45'49 stp_ La & Atk 58 69 Louisv G&E 3138 58 - 1.& Nash 3%s 2003. = L&N Iat 4n2003____ 9 1.& N unif 4540 107 L& N4ks2003C__.. 1, & N 5% 2003 B_, McKess&Rob 64 5'60. MeC RRclt 43’45 A . MeC RR gn 433860 A Manati Bug 7% 8'42__ Man 8 18t 73 '420tf8 Manhat Ry 48’90 ____ Manhat Ry 45’90 ctfs Market St Ry 7s'40 A 109 63 64 36 1strf 435568 Mich Cent 415579 Mil ¥ R&L 63 '61___. Mil El R&S L rf 6571 M1l Spa & N W 45°47_ Minn & St Lrf 4s'49_ Minn & St L 55'34ctfs MStP&SSM cn 63’38 _ MStP&SSM 53378 106 . | MStP&SSM rf 63 '46A MoK & T 43578 MoK & T bs 62 A Mo K & T adj 6 Mo Pac 4576 Mo Pac 55’65 A._. Mo Pac 6377 F. Mo Pac 63’78 G- Mo Pac 58 '80 H ctfs Me Pacific bx’ 81 1. MoPacbis'49 A Mob & Ohio 41438 "77 Mob & Ohio bs'38 Mob & Oh M aiv b Mohawk & M s Monong Pub 8 414860 104 Mont Pwr 3%.8°66.._.. Mont Tram bs 41 Morris & Es 3% 2000 89 Morris&Essex 4148’66 86 Morris&Essex 5365 . Nassau Elec 45’61 gtd ~ 40 Natl Dairy 3%s'51ww 104 Natl Dis P C 4%s "¢6. 105% 105 ~ 105% 105 86% 9% 96% 50% 48% Natl Steel 48 €5 New OrilGNR'6s'83 A New Orl PS6x'62 A_ New Orl P8 53'65 B New Orl T&M 4% »'56 New Or T&M incbs’3d New Orl T&M 68’64 B 53 1001 9914 1068, 968 103Y% 89% 10U4 935 106% 105% 103% 8% 3214 100% 104%, 1074 98% 95% Low. Close. 106% 1063y 73R 100t 100% 110% 110% 26 26 80 80 17% 17% '3 101% 101% 50 % 11014 10044 99 i 106% 96y 105 106 1047, 10714 STAR. “' A QHT\ TO.\'. Hish, Low. Close. 58 58 58 108% 108% 108% 98" 9715 9R 9315 93% 102% 102% | 97 97w 8815 29 9814 New Orl T&M 634,854 N ¥ Central 3%s ‘52 NY Central 8%s 97 NY Cent 3143797 reg - NY Central 3% s"46__ NY Centcon 4398 __ NY Centrf 41432013 NYCrf43%s2013n__ NY Cent rf 68 2013 NYCLSh3%8'98 __ NY Chi & St L 45 46._. NYC&St L 43,578 NYC&St L 6%3 74 A NY Chi& St L 63'38 NY Kdison 81,865 D. NY G Kt H&P 55748 .. NY & Green I 5546 _ NYT.& W 18t 4373 __ NY NH & H 45 56 NY NH & H 4557 NY NH & H 434567 NY NH & H cl tr 6540 NY O&W gen 48'55 NY O&W ref 4s 92 NY Steam 55’66 NY Steam 1at 65°47 _ NY S&W 1at rf 6837, NY I'r Rk 6348 stp _ NY W&B 45%°46 Niag Falls P33 '66_ Niag Sh53%8'50 ____ Norf & W 1st4s's6 North Am Co s '61 North Am Ed bs'57 A Nor'n Pao gen 33 2047 Nor'n Pac 47 Nor'n Pac 4% % 2047 Nort'n Pac hs 2047 C_ Nor'n Pac 632047 D__ | Nor'n Paa 63 2047 1101 Ogden 1. C4s 48 R Ohio Edison 3% 8°'72_ 4 9 Ohio Edison 4565 « 1043, Ohlo Pub Sve 7847 a 1118, Oreg RR&N 48746 1093 Orex W RE 45 61_ __ 10674 Pac Gas & Bl 3% 66 991, PacG & E$Hs 61 __ PacG & K48 64 Pac T&T 1f 3 Pac T&T 31 Para Broad Param't Pi Paramount Pic 68 '5 Penn (o 43 '63 | Penn O & D 42;%"77 | Penn P& 1, 47,881 _ Penn RR 33 s w1 | Penn RR3%3'70 C __ | Penn RR 474881 D _ Penn RR 4%,y 84 (Penn RR gn 47,265 . Penn RR deh 47,270 People GI.&C of 5517 I Peoria & K 1sr 48’40 _ { Pere Marq 4%s ‘30 | Pere Marq 1st | Pheips Dodge Phila Co 6367 Phila Klee 2> Phila & R | Phila & R C&1 6549 _ Philippine Ry 4s'37 PCC&St1, 413871 C 1S&W V2 4,560 C Port Gen E14'53'60 | Port G assd _ Porto Rico A "I fis"42_ Postal Tel & C 5353 R-K-0 6541 Rending Jer C 4n’s | Reading R 4 ! Rem-Rand 4 Republic Stl4 | Republic Stl Republie Srl " Republic S1157,5 54 RIA&L Ist4i.n'34 fo RY 1 T&P 5537 ILRM&P5s Fran 4350 4 F 4350 A etfs. Fran43;s'78 | S R 475878 cf st. 1,S W ist4x'89 LS W2d4s'89 LS W istrerss PKCS L4,n'4 St PUn Dep rf o='72 San A& A Pass4n'43 | Santa Fe P&P 5s 40 Schulco $1;5°46 A stp. Seabd A T, 4x"50 stp__ Seabd A L ref 4s'59__ Seabd A iL6s"45 A __ Seabd A 1, =45 ctfs_ Seabd A-F1 6335 A Sharon Stlev4lys’ Shell Un deb 3 5 Skelly Oil 425 3y South Bell T&T 5 outhn Cal Gas ouihn Cal G 47 So Colo Pwr 6 47 A_ | So Pac 33 s'46 So Pac col 4349 So Pac ret 4s So Pac 47,368 31 90 12% 1037 102 117% 103 4 1048 96% 101 1011% '66 B 2 | So Pac4%:m'69_ 49 47 851y 88 108 104 10015 105 60 601 504 50% 1017 1017% 34ty 941 100 850a 871y 108 1038 1001 105 filn 83% 36 3215 3215 100% 100% 10434 104% 10705 1071, | 106 . 106 102% 101% 102% 101% 36 b'% 14y 18 B2% 18 69 T8% 67% 16% 37 40 86 108% 104 93% 93% 99 99 89 89 85% 86 9% 95 40 40 103% 103% 105% 105% 85% 9% 96% 501 484 53 85% 9% 96 b50%4 484 53 ’ So Pac 4% s §1 0 Pac Oreg 4158’17 o Pac SK T 4s'i0rg So Ry gen 4856 A ___ So Rv s 94 | So Ry zen 63 36 So Ry 814856 z S W Bell Tel 338 'f4_ | Southw'n G&E4s 50 Sraley A E 43 46 tand Oil N J 2361 _ Studebaker cv fs'45_ | Swift & Co3% 8’50 _ Tenn El Pw 6347 4 _ Tarm As St L 4s | Texarkana 5.8 Texas Cor Texas & N | Texas & Pac 5379 C_ | Texas & Pac fis'80 D Tex & Pac 1st &5 2000 Third Avret 43°60 | Third & ad in ex 6566 Tide War Oil 3355'52 . | Tol & Ohio C 3% 5’60 Uin Oil of Cal 3% 1 '52 Uinion Pac 3 Union Pac 3%3'71 __ Union Pac 1st 4547 _ Un Pac Ist rf 45 2008 | United Drug 6s'53._. U'S Rubber bs 47 [Utah T.& T 5844 A Ttah P & I fis "44 Util P& L 6359 ww_. VUl P&L5%s'4T___ Vanadium cv 58’41 Ver Sug Ist 78’42 ctfs | VA K &P istrf4n’s Va Ry 15t 33,366 A_ Wabash 4128°'78 Wabash 18t 68°39 Wabash 576 B Walker H&S 4 14845~ Walworth 45’55 Warner Bros cv 65 ‘39 Warner-Quin 63'39__ Warren Brcy 6s°41__ W Pa Pw 1at bs'63 B W Sh 1st 4s 2061 gtd_ West'n Md 1st 4s '52 Westn Md 5%8'77___ Westn Pao 53’46 A. West'n Pac 6846 A as West'n Un 43%3'50 _ Westn Un cl tr 58 35_ Westn Un b3 °51 West'n Unbs'60 ___ __ Wheel Steel 414853 __ 1 W Sp Stl con 7535 et. Wis Cent 1st gn 4549 Y'ngstn S&T 3% 51, Y'ngsin S&T 4861 OUTPUT REMAINS HIGH IN SPITE OF STRIKES The Commerce Department says that June industrial activity “tended to slacken under the influence of seasonal factors and industrial disputes, but the output in most lines remained rela- tively high.” ‘The report adds: “The major industrial dispute during June—that involving certain independ- ent steel companies—affected several important industrial areas and caused the rate of ingot production to drop from about 90 per cent of capacity in May to about 75 per cent in June. “The decline in automobile produc- tion during June was attributed partly to industrial disputes, but a recession * * * isusual at this season.” 146 14314 145 102 101% 101% NEW YORK SUGAR. NEW YORK July 14 (®.—Raw sugar was unchanged early todsy at 3.42 for apots with no sales reported. In futures price movements were nartow. September No. 4. so0ld from 1.22 to 1.2214 0 % point net higher. In the No. September sold at 2.45 and May st 2.37, or 1 to 2 points net lower. | " Refined was unchanged st 4.70 for fine granulated. A | | | tion’s candy, | terial !by | Lezhorns. { ponngs {up to ¥ am | standards | standara x|U. 8 No.'1 [ t%o vnbroken cars on trac | slow: ‘market weak ! broken and, May held around 1.24. of unohansed | D. C. WEDNESDAY BOOST REPORTED INCANDY SALES Increase of 10 Per Cent in Four Months—Beverage Business Also Up. Special Dispaich to The Star NEW YORK, consumer purchasing power is result- ing in ings for most larger sales and better earn- beverage dnd confec- tionerv companies, according to a new report. in Poor’s Industry and Invest- ment Surveys. and competitive chocolate products lotaled $84.500,000 in the first four months of this year, | increase over the corresponding 1936 103% | period. Manufacturing confectioners selling through wholesale channels alone more than accounted for increase and reported sales of ap- proximalely $67,000,000, a gain of 17 per cent over months of 1936 “Inasmuch as the bulk of the Na- chewing gum and erage outpul is packaged to retail at 5 cents wholesale prices are relatively | inelastic, and profit margins are quite | ! sensitive 1o changes in labor ‘and ma- | cosls,” continues the report. | “Thus far this year have been favored with sugar prices, but been unsteady “The long-term outlook ndications of higher costs. Nut meats, flavoring, corn syrup and milk have already advanced, and higher prices for sugar may be expected Moreover, the field is open to severe competition “Nevertheless low cocoa prices have is clouded botn beverage candy manufacturers are now enter- ing their best season of the vear Favored by expanding consumer pur- chasing power, sales volumes should improve. Manufacturers of specialty beverage products, candies and chew- ing gums which are aggressively ad- vertised should continue report gains in earnings and w0 Washington Produce I score. | -poun rints. R ooind pr! Vi pound prints, S Spring lam . Fall Jam: 07en pork 4 smoked 130 brcon, Pigs, Via 117 dinms ! nogs 17a] 250 0540117 sows, net't o o Wash- S Frice"yild ipoess inston " By tie Unitrd States Buress” ot Agriculoiral Economice ) 9 EGGS - Prices 14 cent lower on United States” Government ‘sraded. expe. \Ohe arades unchanged and steags . Cusren: 1 hennerv'w meni graded and etras furge B > s incurds Markel firm oS U meai:ms. - CIVE POUL TRy cent higher on Virginia Rocks Colored, hieavy. 1810 17 a few ai 1 28 13:" Leghorns. 12 1o 14: No. 2 roosi 10 Chickens: Crosses. 20 to 7 Rocks "Virginia_ less than 25 pounds. 20 t poinds and over. 21 to 2% pounds. 1K less thap Turkeys: ~ Old hens. 15 10 ioms. 13 to 14 Fruits and Vegetablas. in Jaree lois by originai receivers today CANTALOUPES —Two Arizona arrived SX broken and two Mnbroken cars on track Western stock: . Supplies mogersie market steady, Imon_ Meals. 5 46% 3.75-3.80 nern siock Dbolies mand light: market sieady lina Ridgevay section slandards’ a0 abellea crates ] HONEYBATLS * No “Cariol broken car on track mand light: market fornia yimbos. s CEEL HONEYDEWS —One fornia arrived: orie car diveried: five broken and (w0 un- broken cars on track Supolies light de- mand light: markec sieadv. Cslifornia. crates 9s and 198, 1.50-1.78; Jumbo crates Ns. 1 50 CELERY No carlol_srrivals: two bro. ken cars on track plies moderate e mand lixhi: market steadv. New York 15 tes. individuglls washed 21.-6 dosen. 0100 Michigan. Highbails 100 ETTUCE No carlnt arsivals: eight n and foir unbroken cars on frack Suvolies moderate: “demand fent market steads. Californin W bere tvpe 5-dozen % 0( Eastern crates. Big Bosion tvpe. 65-35 ONIONS piies moderate: Gemand steady. New Jersev ows U S No 1.1 PFACHES _No' carlot arrivals on frack. " Truck receipts heht: suoplies light (demand modernie: " market siichily strouger North Casolina. bushel boskels Belles Elbertas and Hilevs. U. S No. 1 214 inches 3.00-4.00° some Rells. U S 1Ve-inch minimum. 1.00-1 25: Vir- Je-bushel baskeis. " Greensboros No. 1. jimble pack. no_early sales reporten hel " haskets U S Na 1 -inch minimum Sules, 3i00: “HAnner Tiunum, ven v Lo nen minimum. 200~ ew 2 50: South Carolina. sires’ Relles and Elbertas U.S. No_ 1. large size PEAS —No_carlot Arrivals: four nd “one unbroken cars on irack plies moderate: demand lizht: market weak California. bushel "hampers, Telephones T.50-1 75" faw 2 00. POTATOES—Buai receinis to two cars Eastern Shore receiots moderain mand siow: market Va_ stave barrels Ve TOMATOES- Two and Fow! No 10 18 old Sales Norih Caro: on__Menis i sections, % Sals tabelied other arrivals: Supplies light lightly weak ane d kD Trick receints light )-pound market sacks, no cars bu broken S: eauivalent Va. Truck supplies moderafe de- Cobblers, U. 8. No. 1. ssee arrived ceipts Tiberal £nd _nractically the “marker Suoplies liberal Nearby sections, 'o- Eastern Shore. Md and rurning. wrap- bushel baskeis. 65 1ug bnxes. graen. ripe ped. 6x6 and larger. Walermelon Receipis. WATERMELONS — Two Florida six Grorgia, nd 11 _unbroxen cars on 1rack Truck reciepis moderate: supplies liberal: demand siow ei_weak. South Caro- 3A-38 pounds average. Cuban Queens. 0 pounds_averaze. 30-40. each. MIXED VEGETABLES—No rivals: one broken car on track LIMA BEANS—Supplies _modersie: mand slow: market dull bushel hampers 1.25-1.5 CORN—Supplies Tiberal: demand light: market steady. "North Carolina. crates, 1.00: sacks_90-1.00. BLACKBERRIES - Supplies demand slow: market dull. 32-quart crafes. 3.00, SPINACH——Suppiies_moderate: demand ight; market weak. Pennsylvania. bushel oy A — -Supplies lighi: too few sales "to establish market. ORANGES—No _carlot broken ca de- North Carolina moderate: New Jersey. per crate. arrivals; California. right boxes, No. =, ‘LIMES—Florida shel n;\\ex, 5. 3.00- 8.80: 34-bushel moxes, 1.2! !l'kl’!nnsylvnmn dozen bunches. CARROTS—Pennsylvania, 35 per dozen buriches. OKRA—Tennessee. baskets. 50-75. CABBAGE - Pennsylvania. 12-bushel hampers, 60- BROCCOLI' -~ Pennsylvania, bushel crates. 1.50. RHUBARB—Pennsylvania, 25 per dozen bunches BLUEBERRIES-—North Carolina. vated, 10-15 per pint: New Jersey. vated' 15-20_per pint PINEAPPLES—Florida, crates. 5.00. as to size. PLUMB—No_carlot. arrivals; car on track.” California, crates. 1.75-2 A0, AVOCADOS —Florida. mostly 1.00-1. 8.00-3.50. BANANAS—No _carlot broken car on track. L. C. L. Express Receipis. 38 bushel-baskeis apples: & 36 bushel- Uart crates H dard crates limes; 45 bushel-baskets okra: 34 bushel-baskets peppers, 42 1%-bushel crates peppers. Cailtornia—65 " lugs avocados: 8% 13- poynd boxes figs. oeh Carofia—150_45- pound _crates peaches: 25 crates cantaloupes: 54 bushel- baskets cucumbers: 65 bushel-baskets Lima beans: 47 bushel-baskels peaches; 28 bushel baskets squash, Morth __Carolina. 20 canta. loupes: 25 24-quart crates huckleberries 71 bushel-baskets lima beans; 16 32-quari crates plums. New Jersey berries 3 Unknown origin——44 crates mixed veg- etables. Pennsvivania—120 d-pgynd baskets \ 5 ‘per 12-quart elimax culti- culti- 3.50- ©ne broken four-basket flats. 1.00-1.50. : Cuba, ventilated. - crates, arrivals: one crates 35 24-quart crates blue- ‘mushrooms. July 14.—Increased | Sales of confectionery | a 104 per cent | MACHNERY SLES REVEAL DECREASE 'Vacations and Seasonal | Shutdowns Also Cause | Slump in Output. Special Dispaich to The Star. NEW YORK, July 14—Summer | somnolence seems 1o have overiaken | the business of buying machinery, says | American Machinist today. In most parts of the country orders hnw“ fallen off. Some shops have started | their seasonal shut-downs, and ma- | chinery dealers, following suit, are j taking the opportunity to give their | forces vacations. But behind the | | high humidity there is strong con- | viction that this slackness is only this | sales in the first four | bev- | manufaciurers | refined | an a2 up- | sel- | Greensboros. | verv few | 3.00-3 50, | Eastern Shore. | | 5211 ol iwo South Carolina arrived: five | carlot ar- | No. 1.} temporary; thal resumption of recov- ery, the underlying urge to restore | | Operating efficiency and the evapora- {tion of much of the present uncer- tainty will see large-scale buying re- {sumed with the return of cooler | weather | | New England and New typical of most sections, with a fair volume of orders being placed but with a decided slowing up during the | past two weeks. Business in the Phil- adelphia district is moving along on an even scale with no indication of | & spurt in sight vet. Some improve- ment is already apparent in Pill burgh after a quiet June. Inquiries and orders are moving ahead and point to & return to the high levels of the earlier months. | Cincinnati anticipates sion during July and August but looks forward to better business for the balance of the year. There are signs that the natural trend is still upward. While not as good as earlier in the year. machinery sales con- tinue active in Toledo. Some orders are being held up, but there is a big potenital demand for machine tools In Cleveland the July volume is down considerably, York are some reces Delroit sales of equipmeni have ma- terially decreased, and inquiries have dropped off as well It looks as though August also will be quiet, but things should siart moving in Sep- iember Sales are sieadv at a re- duced level m Chicago. Fall months are expected o show a decided up- turn because the volume of new quiries is increasing. Milwaikee, too, | has fel. a falling off i orders re- cently from the high levels of June, in- FIRST TRUST LOANS LONG TERM 3% DAD per cludes inte ment on pring ipal. Pays loan No renewal. “eqre ALSO | aight Io on loans. s and BOSS & PHELPS MORTGAGE CO. Loan Corraspondent John Mancock Mutual Life Ins. Co. 1T K St N.W. NA. 9300 REPORT or connrrvor. WASHINGTON BOSTAL EMPLOVERS CREDIT UNION Of he Disirict of Columboia, + of business on June 30. 4 (Published n " response 10 call made hy Comprraller of the Currency 1under Sec. 1100 6 of ihe District of Columbia Credit Unions Act.) ASEETS Loans Invesimen Deposiis 1 Cash on Other 40 .90 oanks and ssels Toral asseis LIABILITIES. fully paid instaliment Shares Shares Reserve fund for bad deors Undivided profits Other liabilities Toral Tianilities T RUSSELL L. DALE Treasurer of the | above-named” credit union do solemnly swear thai the foregoing statement is true to the best of mv knowledge and beliel RUSSELL L_DAIL | Treasurer Disirict of Columbia. ss.: Sworn and subscribed before me his 13th | dav_of Julr 19 Seal) VINCENT J. MASTROVITO. Notary Public. Correci—Ariest W._G._COMPTON LESLIE M BROOKS. HENRY V, EGAN Diecrors Reserve Disiricy No. b, REPORT OF CONDITION OF THE Secwrity Savings & Commercial Bank of Washington In ihe District of Columbla, &t ihe close of business on ‘Published o call made by Comirolier of the Currencs. under Section | U. 8. Revised Statutes.) ASSETS. Loans and discounts . Overdrafis United Siates Government obligations. direct ang or fully guaran'esd 4.Other bonds, stocks and ¥ house. " %308 - Alnbd. Furoitnie and AXLUres, $6D,167.19 . Real estate: owhed acher than banking house Reserve with avoroved re- serve ageneies . Cash. balances with oiher banks. and cash iiems in process of eollection . Other assers %5.567.365 8% | 43691 243.000.00 201.545.79 374.00273 | 56.660.03 | 847,865.44 580.308 A7 327556 974.651.01 Total Assets — LIABILITIES, . Demand deposifs of indi- vidiials, partnerships, and corporations . Time deposits of individ- usls. partnerships, and porations ~ 3.149.083.04 ounty and muniel- T SepotiTs 26.901.8¢ Deposiis of other han including ecritfied cashier's checks - standinz Total of items 14 to 18. neTusiv (b) Noi se- sured by Tedze of oansand 'or investments $7.013.097.05 () Total posits * $7.013.002 06 | nterest, taxes and other | exvenses accried and wnpald . Dividends declared but not vetpayable andamounts aet aside for dividends not, ‘declared Other Tiabilities __ Oapital acconni | Caplial de. | benture notes $288.000.00 | 33.076.835.12 159.502.05 | 3hsres oar $100 pershare 300.600 60 3588,000.00 162.000.00 112.458.54 20,330.26 Burplus U nd tvided wrofits—net Reserves for neies debentures 24587 ‘Total Capital Account o] 1;-;.'1 Ljsbittes - rick of "tattn, . esshier of the abov mn.aw.x 15 Sorenmnly swear that iha above satement s true to the best of my knowledge g8 LEITH. Oashier. Sworn 40, and .obnrilnd before me this Ry S Reciirr “Notars Pabite. @orrect atiest: AL the eiose FINANCIAT which was one of the largest months | in this eity’s history. Some shrink- | age is anticipated for the next two months. While there is a good deal of equipment under consideration in | St. Louis, the Summer lull has been felt there also. Machine tool busi- ness on the Pacific Coast shows no! indication of approaching Spring | peaks, and little improvement is looked | _ for before Fall. | FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Street N.W. National 0435 Loan Correspendent Mutual Benefit Life Insuranee Ce. STATEMENTS FILED FOR SECURITIES Registration statements for proposed securities filed today with the Secur- | ities Commission included: Amcrican Republics Corporation Houston, Tex., holding company for petroleum and transportation subsidi- aries, $3.270.120 of $10 par common | stock, for repaymentof subsidiaries bank loans, development and equip- | ment; no underwriter named Kysor Heater Companv, Cadillac Mich,, 3129896 of $1 par common stock, partly for equipment and work- ing capital; underwriter, Keane and Company. Letterpress or Offset of the Dav and might ran- We maintain ene Tast. siants In the ervice designed s provide © teed work st vessemshle rates. | Capital Press Tr:h:“: N.E. Lineoin 6060 All the Elements of a Sound Investment FIRST MORTGAGE NOTES Sound security to principal in locations are ncreasing make Luchs first morigage ferred investment. SHANNON & LUCHS Members of the Washington Real Estote Boprd Natl. protect, the where values Shannon & noles & pre- FUND DIVIDEND VOTED. NEW YORK, July 14 (Special) - Directors of Fidelity Fund., Inc., have declared the regular quarterly dividend of 25 cents per share, payable August 2, o stock of record July 20. This is the third quarterly distribution of 25 cents made during 1937 and brings the total distribution for the period to 75 cents per share, == MORTGAGE LOANS Let Us Serve You for INSURANCE You will appreciate the cour- teous attention vou receive here; the sound advice we give vou; the efficiency of our unified program of complete coverage: the low cost, economical wayv in which your needs are protected. J. Blaise de Sibour and Company INSURANCE BROKERS 1300 Eve SLNW. Nadl 4673 1505 H St. N.W. 2345 ON ESIDE ENTIAL PROPERTY Up to $20,000 Refinancing and Construction attractive interest rates ROBERT PEDDICORD 1713 K St. N.W. DISTRICT 0010 MORTGAGE LOANS Low Interest—S% Long-Term—up 0 20 Years P First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the trict of Columbia earby Maryland and Virginia 'R Mortgage Loan Plans make home own- ing easier. The loans run until your home is paid for in full, eliminating renewal fees, refinancing costs, and the worry and uncertainty of short term refinancing. Repayments to meet your convenience-—monthly,like rent. if you prefer. Find out how Weaver Bros. can help you build a home. WEAVER BROS in¢ REALTORS Marteats Taam Corrsisandiont Meropetian Lits Insance Compans WASHINGTON BUILDING DISTRICT 9438 Prompt Action B F. SAUL CO. 15th Street Natl. 2100 Charter No. 13732, Reserve District No. §. REPORT OF CONDITION OF THE Hamilton National Bank Washington, in the District of Col ba, June 20, 1937 (Published m response to call made bv Comptroller nf Currency under Section 5211, U. S. Revised Starutes | Al the close of business on ASSETS. Loans and discounis Overdrafts - . United Stares Government obligations, guaranteed Other bonds, stocks, and securities Banking house, $24.869.65; furniture and fixtures, $58,989.02 . Reserve with Federal Reserve bank Cash, balances with other banks, and cash items in process of collection Cash items not in process of collection Other assets $8.475,945 49 510.27 direct and or fully 5.982.000.54 3,256.329.06 83,858 67 3,157,924.59 3.436,279.04 .00 81.803.00 !24 474.656.66 10 13. Total sssets Aan s LIABILITIES. Demand deposits of individuals, partnerships. tions 2 . Time deposits of individuals. partnerships, and corporations . State, eounty, and municipal deposits . United States Government and postal savings deposits Deposits of other banks, including certified and eashier's checks outstanding Total of items 14 to0 18 inclusive (a) Secured by pledge of loans and or investments by Not secured by pledge of loans and or investments and corpora- $12,339.580.37 8,055.185.31 5.754 23 272,000.00 1.713.888.37 5 20.148.921 55 Total deposits lZZ 386,408 7R . Interest, taxes, and other expenses accrued and unpaid . Dividends declared but not ver pavable and amounts set aside for dividends not declared _ . Other liabilities . . Capital account: Common stock, $50,000 shares, par $20.00 per share < =2 = Surplus Undivided profits—net 2 Reserves for contingencies. _____ ey 71,353.17 25,000.00 87,550.27 $1,000,000.00 625,000.00 219,525.32 Total capital account 1,004,344 .64 Total labilities s = 124,474,656.68 MEMORANDUM: Loans and Investments Pledged to Secure Liabilities: 31. United States Government obligations, direct and or fully guaranteed 32. Other bonds, stocks, and securities. $2.449,628 60 520,969.55 32 970,598.15 34. Total pledged (excluding rediscounts) 35. Pledged (a) Against United States Government and postal savings deposits z (c) Against deposits of trust departments (d) Against other deposita. (f) With State authorities to qualify for the exercise of fiduciary powers. . (g) For other purposes. $272,000.00 115,120.18 2272,431.72 310.046.27 1,000.00 hy ‘Total pledged $2,970,598. 15 City of Washington, District, of Co\umbn 8.0 T, W. J. WALLER, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. ‘W. J. WALLER, Cashier. Sworn 0 and subscribed before me this 12th day of July, 1937. (Seal) ELIZABETH M. KINTZ, Notary Public. My commission expires March 3, 1941. Correct—attest: E. C. GRAHAM, JOSHUA EVANS, Jr., ARTHUR L. DAY. CHESTER WELLS, ‘W.B. PUTMAN. Directors.