Evening Star Newspaper, July 16, 1937, Page 17

FIN - BONDS ARE QUIET, RAILS GAIN SOME Federal Obligations {ose Early Strength, With Do- mestics Uneven. Bond Averages 20 10 " 10 10 Rails. Indtst. Util. P'an Net change. Unc. —.1 Unc, Unc. Today, noon 92.71029 97.2 72.9 Prev, day... 92.71030 97.2 729 Month ago.. 92.9102.8_97.6 72.6 Year ago... 93210351026 68.9 1937 high... 99.0104.4 1028 74.7 1937 low.... 90.9102.2 958 705 1936 high... 98.2104.4103.1 73.0 1936 1oW.... 86.9101.8 99.3 67.6 1932 loW.... 458 40.0 64.6 42.2 1928 high..101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon ....111.1 Prev. day- 110.9 Month 2go 1109 Year ago. 111.6 1937 high_ 113.7 1937 low.. 108.4 1936 high. 1135 110.2 1928 high. 1044 1932 low.. 86.8 (Complled by the Assoclated Press.) By the Associated Press. NEW YORK, July 16.—Federal obligations lost some early strength and domestic corporate issues moved unevenly in quiet bond dealings to- day. Rails lent support to the list and iIn most cases worked fractionally higher. Utilities softened a little and industrial liens showed a tendency to ease. Santa Fe 4s, Erie 55, Great North- &N 4s, New York Central 5s and Illi- » nois Central 43;s leaned forward frac- tionally. Missouri Pacific 5s and Southern Railway 4s lost a little ground. In the industrial division Alleghany 8s stamped 1950 dropped around 2 points. Bethlehem Steel 414s and 3%s | were unchanged, while Western Union 5s, American Telephone 3';s and In- ternational Paper 5s gave up fractions to around 2 points. Foreign dollar obligations were mixed. Japan 6'2s and 5';s were off | more than 2 points and Italian loans were lower. showed resistance and moved a little higher. = e DIVIDENDS ANNOUNCED 4 _ NEW YORK. July 16—Dividends de- Melared. Prepared by the Standard Sta- tistics Corp. Initial, Pe- Stock of Pay- Rate riod record able $1.86% __ 8-2 Increased. beh:r—owens Ford Bdwy. Dept. 8% cv bt 717 9-15 Rerula aska Packers Asso Am Art Wks 67 pf £ Bank of Toronto Bdwy Dept Strs_ Carpel Corp Crandall-McKenzie Henderson Holly Sugar Corp Horne ~ Joseph Co S InterStatd Hos M Moore Drop Forg s Trane Co Do. $6 pf i25¢ 2 6 DIaPa NEW YORK BANK STOCKS‘ NEW JORK. July 16 P —Over-the- nter mark k and trust companies. Rink 'Bid and asked Brices: Banks. Bank of Mdnhatten (1%) 47 190 Zl2210 43'2 Commercial (8 = First National (100) Public (1%2) -~ Trust Companies. Bankers (2) ¥ Brooklvn Trust (4) Central Hanover (4) _ Chemical (1.R0) Continental " (.80) Corn Exchange (3) _ Empire (1) Guaranty (12)___ Jruing ce0) - Lawvers' Manu.uturrn @) N. Y. Trust (5) #Title Guaranty Trust_ FEDERAL LAND BANKS EW YORK. July 16 (#.—Federal Land Bank bonds quotations (Noon quotations.) ¢ Vs Nov., T. S. TREASURY POSITION. Iy the Associated Press. 2 Position, of the Treasury July 14: Recelptt 81T 2aDo expenditures, $75.437.192.00: Galance. ShBENATRL 43255, cusioms receipts for the “month. $18444.101 ceibts 101 the fscal year (since July 6.08: expenditures. $402.- including $94.24X.926.41 of expenditures: excess of $194.155 KR(.18; gross del 791.05. &n_increase of $49 over the previous day: gold 22.585.140.49, including $1.- of inactive gold. July 14, 1936 (comparable S12.340.648.72: expendi- et balance 8t cunnmx Tecelpts for the month. $14 481.455.54 oo® ne:emts for the fiscal year. $148.217.- d FOREIGN EXCHANGES. NEW YORK. July 16_(# —Foreign ex- ehange mixed. Great Britain in dolla others in cents: Great Britain. demand. 4.967%: cables. 4.967: 60-day biils, France, demand Italy. demand. 5.26%; cabl ds—Belgium, Hungary. Argentina. 33 28.91: shnn-hn Mexico City. 27.85° ork. #9.81V: New York Mantrent, 106165 no Nominel CHICAGO PRODUCE. CHICAGO, July 16 (P (U 8. Dept. Agr.). toes, 96 373: total U 8 " Sipplies heays: de: Kansas' U 8. No. partly graded: 110-18; Virginia ' Edst Shore section, U & No. 1, few sales. 1.25. NEW YORK PRODUCE. m YORK. July 16 (#.—Butter, i Cresmery. higher than o s (92 score), 31 scores). 2815-311 Sechnds (R-KY scores). 25%-28; ‘central- 1zed (A0 score). 3013 ol 108:466; " firm. Prices un- ehanged. Eggs. 12.403: unsettled. Mixed colors, 1" packs, % standards. ;" 'medius PY60i6%: averane: cheeis, Futufes closed aRetrigerator n!’v:‘l Oclnber 24%. Sales, poul uy ‘fiim. By freleht, brotlers. . 22 colored, 19: h 19. easy. South American issues | iChile 7s 42 _ | Ger Prv & City Bank 41, | Japan 6148 64 | Minas Gers 613559 | Oriental Dev 5125 '68 | Peru 6s°61 ANCIAL. Sy private wire direct to The Star. Al tim is daylight saving en which ing. Approximate Transactions Today. U 8 Gov't Bonds_.., 900,000 Foreign Bonds .. 1,020,000 Domestic Bonds_.. 4,700.000 TREASURY, High. Low. Close. 2168 1949-53 . 98.7 98.4 985 2%81945-47__2 1037 103.3 10333 2%8 1948-51 101.2 10029 100.29 2% 8 19651-54 100.2 99.31 100. 238 1956-69. 99.29 99.26 99.29 2"/.- 1955-60 101. 100.30 101. - 100.28 100.28 100.28 104.18 104.16 104.17 103.4 103. 103. 1059 105.9 105.9 . 106.30 106.26 106.25 107.7 107.6 107.6 1104 1102 110.2 12 1. 112 107. 106.28 106.28 116.14 116.10 116.10 FEDERAL FARM MORTGAGE. - 103.10 103.6 103.10 - 102.26 102.23 102.25 - 103.9 103.9 103.9 HOME OWNERS' LOAN. 100.10 100.9 100.10 100.23 100.22 100.22 - 102.14 102.14 102.14 FOREIGN BONDS. High. Low. Close. 81 81 1% 1% 1% 11% 100% 100% 92 921 10114 1014 1004 10048 100% 4 101% 1014 4 1001 101% 106' 106 1091 Sl 1951-565 3348 1946-49__, 33,8 1944-46__. 338 1943-47____ 3% 81946-56 48 1944-54 4% 8-358°43-45_ 4%81947-52 Adriatic Elec 7552 _ Antloguia 18t 785 Antioquia 3d Is 57 Antwerp 6858 ___. Argentine 4872 ___. Argentine 41571 Argentine 5%5 62 Argentine 68 57 A __ Argentine 68 59 Oct . Argentine 63 '60 May Argentine 6s '60 Sept Argentine 6s 61 Febr Australia 418 '56 Australia 5855 Australia 55 57 Belgium 6s ‘65 Belgium 6158 '49_. Berlin 65 '58 Berlin Elec 6% '51 Brazil 638 26-'57 Brazil 635 '27-'57. Brazil 78 '52 ._ Brazil 8s 41 Breda Ernesto 7 Brisbane 6s'67 Buenos A 418’76 Aug Beu A 44-4%8'77 Pv | Buenos A4 Bulgaria 78 '67. Canada 2% 844 Canada 2%s '45 | Canada 3567 | Canada 3%s’6 | Canada 4s°60 Canada bs '52._. 24 | Chile 68°61 Jan _ Chile 6s ‘61 Feb Chile 6361 Sept.naa_ Chile 6s 63 __ Chile Mtg Bk 6361 Chile Mtz BK 63861 Col Mtg Bk 78 '46 Colombia 6s°61 Jan __ | Colombia 6s 61 Oct _ | Copenhagen 41853 Copenhagen 63 ‘62 __ Cordoba 7s '37 stpd Costa Rica 78°51 A [ Cuba 415549 __ Cuba 5%s 45 Czechoslovakia 8s 51 | Czechoslovakia 8s '52 Denmarx 418 62 Denmark 518 ‘65 Dresden 7845 Finland 6s 45 | Frankfort 6345 '53 |GercBkA6s'38 | Ger C Bk A 63’60 July | Ger Gov 5%3 65 st 231 281 28Y 9% 100% 104 100% | 1014 | 251 | 107 | 237 42 39% 28% con Ag 61,858 Ger Rep 7s '49 stpd._. Grt CElJap 7s'44 Greek Gov 68 '68 Heldelberg 738 '50 Italy 78°51_ Japan 6386 Jugos Mte Bk Lombara Elec 78 °52. Mexica 43’54 asst Mex Ire 4345 43 asst_ Minas Gers 61,5 '58 Montevideo 7852 orw Hy El 66857 Oriental Dev 68°63 _ Oslo 438 65 Panama 6s'63 stp Pernambuco 78’47 Peru 6s°60 Peru 7s '59 Poland 7s°4 Poland 8s°50 Porto Alegre 7%s'66 Porto Alegre 8s5'61._ Prussia 6s 52_ Queensland 78 "41.... Rhine Rhur 6s ‘63 Rio de Jan 8s'46 Riode Jan 6%s " Rio Gr do Sul 6s 58-- Rome 634862 Roumania 7869 Sao Paulo St 6 Sao Paule St 7 Sao Paulo St 7s Sao Paulo St &s Sao Paulo St 8s '50_.. Serbs 78°62 Serbs8s'62 .. _ Shin'su EP 6%48°52 _ Siemens & H 648 "51. Silesia Elec 6143 '46_. Sydney 54855 Taiwan Elec 613871 Tokio b%s 61 e Toklo E L Ltd 6s'53... Ujlpawa EP 7845 __ Un Stl Wks 6%8'51 A Uruguay 6s 60 Uruguay 686 Uruguay 8s 46 Yokohoma €3 '6: 1094 24% 29% 2T% 26% 2% 39 26% 6813 70 82Y% DOMESTIC BONDS. Adams Express 4s°47 101% 100% Adams Exp 4% 8°46__ 101% 101% . Alleg Corp 68 44 Alles Corp 68 49 112% 112% 106% 106% 69 70 98% 98% 98 98 1034 103% 107% 107% 105% 10564 11 111 109 109 112% 1128 95% 954 103% 103% 2% 92% 92% Anaconda deb 4348 50 Ann A Istex In 48'95 Armour(Del)1st 4555 Armour (Del) ¢s°57. Armstrong Ck 4850 A T&S Fe ¢s 06-'55 A T&S Fead) 4s'95 st A T&S Fe gen ¢8°95.. A T&S Fe 4%s 48 AT&SFeCA ¢%s8'63 Atl Coast L clt 48'62 Atl Coast L 1st AtICL un 4% 4 Atlantic & D 1st4w'4s Atlantic & D 2d5s'48 _ B&Olstes 43 _. 49% 49% 47 47 105 106 0% 70%, 111% 111% 82 83 81 81 804 80% 92% 934 10314 1034 104 104 10814 108'% 112 112 ref 68 2000 D. ref6s 95C .. O PLE&W Vis'41 B & O Swn bs 60 Bang&Aroo Bang&Aroos 4s' Bell T of Pa s Beth Steel 3% 68 Beth Steel 4% 60._. Bos & Me 58°66 .oeee Bos & Mebs 67 ... Bos N Y A L 4s'55.. BotCon M 638 '34___ Bklyn CRR 65 41 Bklyn Ed con 3%s " bia Ducks, 13. o firm. Fresh: 2 Brown Shoe 3% s '50. & Bklyn Man T ¢ % Bkiyn Un E1 6s .. 118 112% 112% 94 94 94 106% 1064 108% Buff R&P con ¢ %#'67. 82% 824 82% A ¥ , THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JULY 16, 1937. : 17 ———-—————-———————-————-——l—-——-—-’———-_l__—__—_—__\__— BONDS ON N. Y. STOCK EXCHANGE High. Low. Bush Term con Ea°S5. 68K T35 580 Busb Ter Bldg bs Calif G& Erf 6s°'37 = Can'dian NR ¢%s Bl Can'dian NR ¢%s '57 Can’'dian N db 614546 Can'dian Pac Can’dian Pac Caro Cent con 4s°49 _ Carth & Ad 45°81 gtd. Centof Ga6s'69C . Cent of Ga con bs "45.. Cent [l E& G 68°51 Cent N England 4s'61 Cent of N J gen 6887 Cent Pac 1st rf 49. Cent Pac 6s ‘60 Cent P Tr Sh 48 '54 Cert'ddeb5%s 48 _ Champ P&F ¢ ‘50, Ches & O 338’96 D__ Ches & O 3%8°968 B__. C&Ogen4%s’'92 C& O con 58°89 Chi B&Q gen ¢s°68. Chi B&Q 43877 Chi B&Q1 div 334849 Chi & E I11 68 °51 = Chi & E 111 s ‘61 ctfs. Chi Grt West 4s'69 CM&StP gn 4148’89 C. CM&StP68s'T6.___ CM&StP&P adj Chi & NW gen 4s'87 Chi & NW 41%82037C Chi & NW ¢% 8’49 ___ Chi R I&P rf 48’34 __ Chi R I&P rf 48'34ctf. Chi R I&P gen 48 '88_ ChiR I&P 4%8°62 Chi RI&P 4128 °52 ctf Chi R [&P 4%8 60 Chi UnSta3%s'63 B Chi& W In con 4s ‘62 CInG&E3%n'66 _. CinUnT3%sDgtd.. CCC&St L gen 48" CCC&StLCW&M4s'" CCC&St Lrf 4% e'778 Clev Cliffs Ir 43,8 °50. Clev Un Ter 4%s'77_ Clev Un Ter 58°'73 B Clev Un Ter 5% 8'72A ColoF & I 6s 70 Colo & So 4%s'80 ___ Columbia G & E deb 5s°'52 April ____. Columbia G & E §s ‘52 May Columbia G&E Comc) Credit 3 Com Inv Tr314 Conn R Pw 3%s°61 A Cons Coal Del 5860 . Cons EAN Y 3% s"46. Cons EAN Y 3%s8°56 Cons Gas NY 4%s ‘51 Consol O11 314851 Consum Pwr 3%s'70 Consum Pwr 3% s 65 Container deb bs 43 __ Crane Co 3%s8°51 Cuba RR 18t 68°52 _ Cuba RR ref 7148 '36_ Dayton P&L 3%s '60. Del & Hud ref 43 4 Del P& L 4%s'69 Den G & E5s'61st __ Den & R G con 48 "36_ Den & RG W 5865 Des M&Ft D 4 Det Edison 31 Det Edison 4365 Det Edison bs ‘62 = Duquesne Lt 3%;s 65 FElec Auto Lite 4s'62_ Erie cons 45°96 Erle gen 48'96 Erfe ref os Erieref bs Fairhks Morse 4856 FlaEC Ry b6s'T4 ___ | Galv H&H 5 | Gen Am Inv 58 Gen Cable 5%;8°47.. Gen Mot Acc 384, Gen Mot Acc 338 '51. Gen Stl Cast 6%8 49 Goodrich 4% 856 ___ Goodrich 6345 Goodvear T&R s '57. Grt Nr Rv 3%8 67 Great N Ry 48°46 G_. Grt NRy 4s'46 H Grt NR5%s'52B_ Gulf M & N 53 50 Gulf Sta St] 4148 Gulf States Util 45'66 Houston O11 5348 *40_ Hudson Coal 6562 __ Hud & Man inc 55 '57_ Hud & Man ref 68 '67. 111 Cent col tr 4853 111 Cent col tr 48°53__ 111 Cent ref 4855 2 04%8'63 ICC&St LNO6s'63__ Inland St13%s°'61 _ Int RT 1st rf 68 '66._. Int R T 6s'32 IntRT78°32 Interlake Iron 4847 . Int Grt Nradj 68'52 A Int Hydro Eled 6s 44 Int Mer Marine 6s ‘41 Int Pap 1st 6347 A _. Int Pap ref 6s 65 Int T&T cv 4 Int T&T 4%8°'5 Int T&T b3 '565 .. Jones&L St] ¢4 s'61A Kan CFS&M rf4s'36ct Kans CSo 1st 35°50__ Kans City So ref 58'50 Kans C Ter 1at ¢s°60. Kans G&E 4%8'80___ Kings Co El 45°49___ Kresge Found 334 #47 Kresge Found ¢s "45_. Laclede Gas 6842 A Laclede G 6345 °'63 C. Laclece G 514860 D_ Lautaro Nit 1975s __. Leh C&N 41854 A__ Leh C&N 41554 C. Leh Val Coal 6s°'74 Leh Val Har 6s°54 Leh V NY 4%8'40 gtd Leh V P con 48 2003 Leh V Pcon 482003 Leh Val Term 68’41, Ligg & Myers 685 Loew's 31,846 Long [s] ref 4s'49 Long Isl rf 4s°49 stp. Lorillard 5851 ... La & Ark 55 69 L & Nash 3%s 2003 L& N 1st 452003 L & N unif 45°40 L &N 4%s2003C. L&NEs2003B. McKess&Rob 6% 850 MeC RR gn 4%8'60 A Manhat Ry 43 '90 Mead Co 6845 Met Ed 1st rf 43 1] Mich Cent 4s° Mil E] R&L 686 Mil El R&S L rf 6811 MStP&SSM cn 4s°38 Minn & St L 68'34ctfs Mo 111 5869 MoK &T 1st 4s 9@_.. MoK&T4%8"18 ___ MoK&T6s 62 A Mo Pac 5 Mo Pac 68 1T F.oceea Mo Pacific 5% 81 1. Mo Pac54s 49 A .. Mohawk & M 4s°91._ Monong Pub 8 43;s'60 Monong Pub 8 6s Mont Pwr 3% 6| Mont Tram 6s 41 Morris & Es3%s Morris&Essex Nashv C&St L 4878 Nassau Elec 48’51 std Natl Dairy 3% s'61ww Natl Dis P C 4 %8 *45_ B New Or Ter 1st 48 °'63 New Orl T&M 68°54 B New Orl T&M 6348’64 N ¥ Central 3%s '62. NY Centra! l’/al 97 . NY Cent 3%48°97 reg- NY Cent 45 42 ——as NY Cent con 48 98 NYCrf4%s2013n__ NY Cent rf 68 ifll:.__ 1005 - 118% 113% 112 124% 94 104 105% . 106% T0% 82 17% 97% 106% 98 98 121% 10674 - 111% 110 107% 65 65 100% 100% 113 113% 113% 113% 1z 112 124% 124% 931 93% 103% 103% 10314 10314 106% 106% 0% 70% 82 82 1T% 1T% 26 26 1017% 102 70 51 97% 97% 104 82 106'% 106% 97% 98 97 9T% 121% 121% 10674 10674 1117% 110 107% 109% 81y 60 4 1004 100 99% 106% 97 101% 105 67% 106 4 104% 104% 10413 90y, 102% 1074 2Ty 16 7 104 109% 106% 105% 10 991n 80 738 312 103% 117y 94 101% 1053, 1024 10214 45% 235 63% 851 104% 50 5% 104% 102% 93% 929 89% MYy 93% 42 103% 105% 106% 119% 106% 87 52 57% 108% 98 93% 1071% 10714 103% 102 % 10674 1001 1014 508 61% 1041 90y 1023, 107 2T% 16 i f 10315 109% 106% 105% 109y 5% 85! 104'% 104% | Globe & Rep ( 102% 102% 93% 93% 99 99 89% 89% 94 9% 92% 93% 41% 41% | Ma 103% 1031 105% 105% | Nat 3w | N 3% 5% 105 105% 119% 119% 1064 106% 87 87 57 57% 108% 108% 9% 9T% 93l 984 105% 105% 105% 978, 89% 86 1004 9% 9Th 89 89% 86 86 100#% 1004 85% 7! 85% 85% Nrcuu.m- AL 91K 9TH 9TH A High. Low. Close. 99% 99% 994 101 101 101 122% 122% 122% 97% 9T% 103% 103% 36% 36Y% 19% 40% NYChi&StL6s'ss_. NY Edison 3% 865 D. NYGEI H&P bs'48_. NYL& W 1st4s'73__ NY L&W 43 NY NH & H 435/ NY NH& Hcv 684 NYNH&H6s'48 rg_ NY O&W gen 48'55__ NY O&W ref 4s 93 NYQueens con3%s'65 NY Steam 68’66 ___ NY Steam 1st 68'47_. NY Tel gen ¢148°39 _ NY Trap Rock 6s°46_ NY Tr Rk 6s ‘46 stp_.. NY W&B ¢%4s8°46 Niag Falls P 5% '66. Niag Sh 6%s ‘60 Norf So 1st. 41 Norf 8o 1st ref 68 Norf 8 18t rf5s'61 cfs. 103% 102 80 26% W 23% 117% 117’h 100% 101% 3% 7315 1043, 1045, 4 100% 100% 110% 110% 110% Nor'n Pac gen 38 2047 Nor'n Pac 4s'97 e Nort'n Pac 68 2047 C.. Nor'n Paa 68 2047___. Ogden L C4s 48 Ohio Edison ¢s ‘65 Ohio Pub Sve 7 Oreg Sh Line s '46. Otis Steel 4148 ‘62 PacGas& E13% PacG& E3%s 61 PacG & E 4564 Pac T&Trf3%s’'66 B Paramount Pio 6 °65. Penn Co 3%;8'44 D Penn Co 4563 _ Penn Dixie C 65'41__. Penn P& L 4%8°'81__ Penn RR3%s w1 Penn RR 3%8'70 C. Penn RR 4% 8'81 D__ Penn RR 438 84 ._ Penn RR gn 41865 Penn RR deb 4348 '70 Penn RR gen 68’68 _ People G L&C 6843 __ Peoria & E 18t 45°40_ Pere Marq 4%s'80 __ Pere Margq 1st 6a 5! Phelps Dodge 314852 PhilaCo6s 67 ... Phila Flec 81,867 _. Phila & R C&1 6873 Phila & R C&I 63 49.. Philippine Ry 48°37_. Pillsbury F M 6s°43_ PCC&St L 4348'77C_. PCC&St L 58'70 A___ PCC&StL5s'T5B _. Pitts&W Va 445'60 C Port Gen El 415560 . Porto Rico A T 6s'42. Postal Tel & C 68 °'58.. Reading Jer C 48 ‘51.. Reading R 41%8°97 A® Rem-Rand 4% s'66ww Republic Stl 438 Republic Stl 4148 °56. Republic St] 148 °61_ Republic St1 5% RG W 1st ex in 4 R1A&L 18t 4% StLRM&P5s'65__. St L-S Fran 4860 A ?| St L-S F 48’50 A ctfs. St L-S Fran 414878 St L-S F 41,8'78 cf st. St LSF58'50 B ctts_ StL S W st 48’89 nA&A Pass4s'43 San An P Sve 6852 A Seabd A L 48°50. Seabd A L 6845 A Seabd A L 6s 45 ctfs. Seabd A-F168'35 A ct Sharon Stl cv 43 Shell Un deb 314 Skelly Of1 48 '61 Socony Vag 3%s 50 _ South Bell T&T 6s 41 Southn Cal Gas 4s°65 Southn Cal G 4%8°61 South Nat G 4% SoRyM&O 4s°38 S W Bell Tel 3% Southw’'n G&E 4860 Spokane Int 5s ‘65 Staley A E 48 46 Stand OII N J 3s Studebaker cv Swift & Co3% ‘Tenn El Pw 63°47 A. Term AsSt L 4s'63__ Texas Corp 3%s ‘61 .. Texas & Pac 68'77 B Texas & Pac 58’79 C. Texas & Pac 6880 D_ Third Av ref 4s 60 Third Av 18t 68°37 Third A ad in ex b, Tide Wat Of] $348'62 Tol & Oh' C3%s'60. Un Oil of Cal 3348 62 Union Pac3%s'70 Union Pac 3%s Union Pac 18t 4847 Un Pac 1st rf 45 200! United Biscuit 1107 96% 961y 114% 10714 106% 11014 96% 96 114 107% UHIP&LbS4%s fl'.. Vanadium cv 6s°41__. Ver Sug 1st 75’42 ctfs VAE&P 1strf 48°55. Ry 1st3%s Wabash 1st 55°39_ Walworth 48 ‘65 _ Warner Broscy Wash W P 1st 58°39 . West Penn P 33566 W Pa Pw 18t 58 ‘63 E_ W Sh 1st 45 2061 gtd. West'n Md 1st 48 '62_ Wasln Mas5%s'77 1 Westn Un 5851 West'n Un 6860 Wh &L E con 4s Wheel Steel 414853 W Sp Stl con 75 °35 et Wilkes B&E 18t 5843 Wilson & Co 4866 Wis Cent 15t gn 45°49 ¥'ngstn S&T 3% 851 T'ngstp S&T ¢s°61 INSURANCE STOCKS NEW YORK, July 16 (#.—New York Security Dealers' Association: Aetna Cas (28) _ 1463, 101% 102 Conn Gen Contin Cas Fid & Dep (4a] Firemans Nwk (.39 Frank Pire (1a) xd- n_ Reins Gl Fi lls ‘1.60) % 7o 80 SOAIAD ¥ OESSE 5 900119 coozh b ioh D) 25009 D00 20k 1IN e s RSB IR DD DB BRI DINB R DN S ERRSS Sh SeL R his ire (2) " *C Westchester (1.20a) 2—flg extra o —Becared or Paid 50 MONEY RATES. NEW YORK. July 16 (®.—Call money steady: 1 per ‘cent all day. Prime com- mercial paper, 1 llelfl!. GO-II k‘ 1% per cent. Belgium is preparing for an in- crease in living eosts. 3 Trade Progress Continues, but At Slower Rate By the Assoctated Press, NEW YORK, July {6—Progress of trade met fewer obstructions this week even though the rising trend was uneven in some branches, Dun & Bradstreet said in its weekly trade review today. “In spite of the slower rate of ad- vance, most of the leading centers of retail distribution were ahead of the previous week's sales by 2 to 5 per cent, with no indications, as yet, of a relaxation in the quest for all types of merchandise. “Comparisons with a year ago were less favorable in some districts, nar- rowing the gain in the estimated volume of retail destribution over the corresponding 1936 week to 10 to 20 per cent. “More headway was made in the acquisition of Fall merchandise in the principal wholesale markets this week. Attendance was large and buying heavy at the trade shows devoted to housewares, draperies, curtains and furniture. “Interest in coats and suits spread from the sports types to expensive dressy models, with no resistance to the price advance, following the wage increase to workers. - “With the gain distributed over almost all divisions, estimated whole- sale volume ranged from 15 to 32 per cent larger than in the 1936 week. “Vacation closings disturbed the rise in some divisions this week, but higher operations in others main- tained the average of industrial production close to its best level of the year. “Producers of motors, mechanical conveyors, brewery equipment and metal products worked at an acceler- ated pace and there was a further expansion at most chemical plants.” Washington Produce BUTTER-—02 score. 1-pound prints. 36 Ya-pound prints., 37." tub. 35 #0 score, < : hogs. 11%al1% 250 pounds. 10%4all% sows. Pleafls: stags (Prices paid shippers. ington by the U. S. Bur Economics.) EGGS—Prices ! Government grad §. standards changed and stca 20-210 hennery "whites ment graded dated white eggs S.extras. mediums, large. 211 Market m-ay at \]m- of Asricultural gcent lower on un- Current receipts. Goy, chansed prices 17 .Nu 1K: No. old toms. 1 Fruits Eales in larg and Vesetables. lots by original receivers 6 lugs avocados. 14% lugs 36 #0-pound crates blue- . 36 stan- avocados; 64 -bushelbaskets ushel bushel baskets apples: bariels wateroress FLORIDA—i4 26 lugs limes. 12 berries. A5 bushel dard, crates pineappies CALIFORNIA— 28 12-pound_boxes figs. limes. crates cucumbers. 3 huckleberries. 62 bushel beans. 44 bushel baskets snap beans BOUTH CAROLINA—-75 bushel baskets cucumbers 75 bushel baskets lima beans, 150 bushel crates peaches, 54 bushel bas- kets peaches 27 1-bushel baskets peache: 61 bushel baskets squash. JERSEY—30 24-quart crates blue bertiey. IA—16 24-quart crates blue- berries, 42 bushel baskets snap bea UNKNGWN " ORIGIN 31" tfates. mixed verctanies NNSYLVANIA—122 4-pound baskets mushrooms WEST VIRGINIA—S8 bushel boxes wa- 'ALOUPES—No _carlot _ arrivals; two broken cars on track. Western stock Supplies light: demand moderate; market Arizons. Salmon Meats. ' jumbos 2.75-3.00: jumbos. 36s and 45s. Southern stock:" Supplies " liberal; ow: market slightly weaker. North caronine ™ Ridsewas® scetion, Deled Saimon Meats. standards. all 2.00- ) ONEYBA broken cars on t e- mand light: market steady. California, Salmon Meats. jumbos 8.00; 458, 3.25: standards 3.00 HONEYDEWS —One California arrived; five broken and two unbroken cars on track. Supplies’ moderate: demand slow: market steady California. jumbo crai Xs. 1-50: standard crates. 85 and 12s. 1.50 ERY—One New York arrived: three broken cars on track. Supplies moderate; demand light: market steady, New York. Ya crates. individually washdd, 3-8 dozen, 275: Michigan. Highballs, 1.00. LETTO Five California. 1 New York arrived; 9 broken and 5 unbroken cars on track. Supplies moderate: demand moderate; market slightly stronger for good stock. California, Western crates, iceberg type. 5-dozen. 2.7 .50 York. Eastern 2-dozen. 60~ NIONS—No carlot _ arrivals: celBis ohmvalen 1 car E. 8. plies moder: steady. w Yellows. U. 8. No. 1 \CHE! viotgre: Bup- Ml 50-pound "sacks. ; market steady. North Carolina, la-bushel baskets. Belles, + 13%-inch minimum, 1.50- Vs loen minitmum 1775, 1.90:" bushel baskets, Elbertas, U. S 221, inches.” 3.50: South c-mnn- baskets, ‘Golden Jubllee, 8. ineh minimam. 1.60: iss 2-inch _minis 13-bushel No. 1. 2- mu; 00: bushel baskets. Red mrds. U. 8 2iginch minimum. 3 EAS—One Colorado Arrived: 2 broken and T anuioken oaaCon track. “Supplies light: demand moderate: market steady. California _and Washington, bushel ham- pers. Telephones. 2.00. POTATOES—No cariot arrivals: no sars receipts eauivalent to 3 i Supplies moderate; de- h et steady. astern Bhore Vieinia Cobblers. 8. No. 1, stave barrels. 1.75; fair quality, 1.50} 100-pound sacks. '1.00. TOMATOES—Truck ~ receipts liberal: supplies liberal; demand slow: market weak. Maryland, lug boxes. green, ripes and ‘turning, pped. 6x6 and larger, [nostly around 75c; nearby sections. - bushel baskets, 65-75 WATERMELONS—One Georgia, 1 North South Carolina_arrived: 5 d 10 unbroken cars on_track. Truck receipts liberal; supplies liberal: demand moderate: market steady. South Carolina, ~Tom Wats 38-40 " pounds ‘bounds average, IXED VEGETABLES—No carlot ar- rivale; 1 broken ot o vea LIMA rdek Feceipts moder e: B erate: demand _ moderat market steady. ~Bushel hampers: New Jersey, .50; Eastern Shore. Mary- 0( ‘OORN—Supplies Hbenl demand lllht- market weak. North Carolina. sacks, 5. doun, 78~ 55 fair condmon 50. 3"-1\1!" crates. 375 ( e c.maml rrived: § broken and 2 unbroken cars Ol'l track. C;ldllnrnll. boxes. 4.25-6.00. as to grade LEMONS—California, boxes. 9.50-10.00; 8.00-9.00, a5 to si s, 4 5 boxel 3.00-3.50; P‘!lnulvnntl. 25 per dosen e California arrived: 1 broken and 1 unbroken cars on track. Pennsylvania, 30-86 per _doren Bunshos: CABBAGE — Pennsylvania, 1% -bushel hampers, 50-75. BROOCOLI — Pennsylvania, bushel crates. 1.50 BLUEBERRIES—New Jersey, cultivated, pints, 16-20; quarts. 30-40. AVOCADOS—Fiorida. flats, on_track. o B8 mand supplies bunches. | Cuba, SIates ventliated. 550, Mlifornis, boves 3 BANANAS-—One cat arrivedr 1 broken and 1 unbroken cars on track. — ATR-CONDITIONING COST. NEW YORK, July 16 (#)—Installed cost of equipment sold by members of the Air Conditioning Manufac- turers’ Association in the first five months of 1937 amounted to $50,131,- 360, compared with $49,942,301 for the whole of 1936, the association an- nounced. COLORTYPE SALES GAIN. NEW YORK, July 16 (A’)—Amefl- can Oolortype Co. second quuur sales totaled $2, M2 387, an in- crease of 11.2 per cent over the ::.:22.503 sales in- the like period of ) « BUYERS THRILLED BY TRADE SHOW Bang-up Retail Season in Prospect Next Fall, Ex- hibitors Say. Brecial Dispatch to The Star. NEW YORK, July 16.—Buyers of housewares for départment stores and other retail outlets—here for the trade show—are looking for a bang-up re- tail season next Fall, for they have come to town with a 10-to-15 per cent inflation in their budgets as compared with last year. Among the 440 exhibitors at the show, which occupies four complete floors at the Hotel Pennsylvania, the word is that buying is good to excel- lent. Some exhibitors have written more business in certain territories 80 far in the show than all last year in the same territory. Because the show is strictly a trade affair, the public is not admitted, but for vis- iting buyers three floors of house- wares and electrical appliances and one floor entirely given over to china and glassware and pottery await their inspection. Looking at the exhibits, as this writer attempted to do, from the angle of the housewife who will later find them on display in the stores, it is apparent that the members of the New York Housewares Manufacturers’ Association (incorporated in this State but country-wide in membership) are solidly behind a program of fewer hours and easier work in the home, along with the lift that comes from just the right touches of “art moderne” in design as applied to everything from the smallest kitchen gadgets to major electrical appliances. Shiny Salad Bowls. On the aesthetic side, for instance, are the new, highly-polished salad bowls out to win the home market for domestic manufacturers. Made of mahogany, birch, maple and teak- wood, their glossy surfaces offer the least resistance to finger-tip pressure| on the clove of garlic which goes ‘round and ’round and then out the window, while the flavor lasts. And there is the new maple-trim alumi- num kitchenware—frying pans, sauce- pans, tea kettles, double boilers and such-like with handles and knobs of maple. The makers say “it is modern | color | and harmonizes with scheme.” On the side of lightening the labor of the missus, the robot coffee maker is as good an example as any. You put in the coffee and the electric drip-coffee maker does the rest—keeps the coffee from boiling, shui. off current when the brew is just right, and, by means of a thermostat, keeps the coffee piping hot as long as y-u want (the makers quoting experts to the effect that coffee so made and any kept holds its top quality for seven | hours or more). cially welcome in those households where breakfast hours are staggered. And there is a cocktall mixer of | glass, either decorative or plain, with | a spinner at the top which winds up with a red knob and is set going by the touch of a button to mix the drinks while the host or hostess—or both—remains gloveless and exertion- less. By any chance should too many drinks be imbibed, the morning-after headache has its own corrective in the form of a crown of ice, which is called “freeze-it,” eight or nine inches in length, to encircle the fevered brow. It is made of rubber, with separate ice pockets, s0 that it remains flexible after the water with which it is filled has been frozen in the cube com- partment of the electric refrigerator. Quick Hot Water. Or, if you want hot water quickly, | there is the “doughnut heater,” the size and shape of . doughnut. Plugged into any socket, it will boil, by im- mersion heating, nine quarts of wa- ter in two minutes. Many buyers wouldn’t believe it till they held the watch on it. The prize labor and trouble saver, as well as forgettery nullifier, is a dingus which is fastened by one arm to the clothes closet door and by the other to the door jamb, and which gives the moths a squirt of death- dealing spray every time you open the door. You can't forget and the moths can't escape. This year’s housewares show is the sixth annual exhibit under the man- agement of Flo English, executive secretary of the association and one of the outstanding “showmen” of the trade. This year’s exhibitors num- ber five times those of the starter, in 1932. The housewares display has come to be one of the country's larg- est trade shows, with the total busi- ness transacted running into the mil- | lions of dollars. It has achieved in- ternational recognition, foreign em- bassies calling in advance to get dates for buyers’ attendance. On the daily register are names from trade cen- ters the world around. For this year's show all space was sold out eight weeks in advance, and the manage- ment couldn’t place some eighty-odd manufacturers who applied too late. LIQUIDATING DIVIDEND. NEW YORK, July 16 (#)—Simms Petroleum Co., which two years ago sold ofl properties to tide water ol interests in a dissolution move, to- day declared a liquidating dividend of 50 cents, payable August 3 to stock of record July 6. A like divi- For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbis Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 928 15th Street NatlL 2100 FINANC1AL HEWITT RUBBER SHOWS HALF-YEAR NET HIGHER 8pecial Dispatch to The Star. NEW YORK, July 16.—Thomas Rob- bins, jr., president of Hewitt Rubber Corp., today announced that the in- terim report of the corporation and its subsidiaries for the first six months of 1937 showed earnings after all charges, including depreciation and normal Federal income tax, but with- out provision for possible surtax on undistributed profits, amounting to $200,017, equivalent to $1.19 per share on the total common stock outstand- ing at the end of the quarter. The company has no funded debt or pre- ferred stock. Earnings during the comparable pe- riod of 1936 were $129,134, or 77 cents per share on the present capitaliza- tion. CHAIN STORE SALES SOAR IN HALF YEAR Erecial Dispatch to The Star. NEW YORK, July 16.—Sales of Reliable Stores Corp., retail furni- ture and jewelry chain, for the firat six months ended June 30, this year, totaled $4,326,208, compared with sales of $3,558,351 in the corresponding pe- riod of 1936, a gain of approximately 21.8 per cent. Sales in June alone this year were $831,967, up 12.2 per cent over the same month a year ago when sales of $741,545 were reported. BON AMI SHOWS PROFIT. NEW YORK, July 16 () —Bon Ami Co., with manufacturing units in Con- necticut and mines in New Hamp- shire and North Carolina, for the six | months ended June 30 reported net profit of $678,998 after taxes and charges, equal to $3.32 a share on class “A” and $1.86 a share on class “B" common stock. This compares with $587,753, or $2.80 a class “A" share, and $1.65 a class “B" share, in the like 1936 penod OFFICE FURNITURE WE SELl. BUY OR EXCHANGE ks Steel Files Tahlu Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye 8t. NW. Phone NA. 2184 D|V|dends With Safety Your funds, invested with this old association, are secured by carefully selecfed Ist mortgage loans. Present dividend rate 59%. It should be espe- | | | | | | | THE Northwestern Savings & Loan Association Incorporated 1906 107 Carroll St. TAKOMA PARK, MD. Phone Shepherd 2693 For Full Particulars For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arra; nged Easy Menthly Farments AAIMBEIR BUILOING § LOAN ASIOCIATION €OUNOL # O.C. NAT [TONAL UILDING ASSOCIATION IDIR. SUDLRVISION U.8. TREASURY 949 NINTH STREET, NW, BALDWIN LOCOMOTIVE TOTALS $2,858,080 B the Associated Press. PHILADELPHIA, July 16.—The dollar value of orders taken in June by the Baldwin Locomotive Works and subsidiary companies, including the Midvale Co., was announced today as $2,858,080, compared with $3; 229,571 for June, 1936. The month's bookings brought the total for the consolidated group for the first six months of 1937 to $19,« 638,082, compared with $16,865,613 in the same period last year. HUNTER AIRLINES' HEAD. NEW YORK, July 16 (#).—Croil Hunter, former vice president of Northwestern Alrlines, has been named president to succeed L. M. Lefingwell, Safe Investments First mortgage notes, 6% =i Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Marylond. Denominations of Established Nearly 40 Yesrs Investment Security— Good Income a Surety ‘ FIRST MORTGAGE NOTES | Bafety 50 soundly assured is sel- dom coupled with an income so liberal. || [SHANNON & LUCHS Members of the Washington Real Estate Bocrd 1505 H St. N.W, Natl. 2345 Reserve District No. 6. REPORT OF CO! Secwrity Savung?z: Commercial Bank of Washington In the District of Golumbls. at the elose of business on Juni (Published in nsuome to eall made by Qomptroller of th under Bection Revised Lo rd dibounte $5.867.385.58 Loang ar scounts__ . Overcr, : fts 5 V'\ned "Biites Government obligations. direct and/ or fully guaranteed - Other bends.stocks and securit 843.000.00 201.548.79 874.002.73 56.660.03 B47.865.44 than banking house 8. Reserve with spproved re- serve agencies - Cagh, balances with other 0 880.30% A7 327558 .974.551.01 LIABILITTES. Demand deposits of mdie viduals, . Time deposis of individ- uals, partnerships, an: corporations ‘! $876.835.12 3.140.853.04 pal deposits 26.901.84 . Deposits of other banks. including eertified and eashier's checks out- standing Total of items 1¢ to 18, inelusive: (b) Not se- eured by ledse of oans and/o; investments 87,018,002 08 189.802.05 Total £7.018.002.08 taxes and other led an 34.400.21 188828 8. Uvmmdl declared but nos et Dayable and amounts set ‘aside (for dividends ed o- bencmm notu $258.000.00 ‘mnn stock, $00 per share 300,000 00 share $58R.000.00 162.000.00 112.458.54 es for econtingencies 20.330.28 Retirement fund capital debentures 24 567.05 Ta al Capital Account oie tal Lia . _$7.974551.01 stricof Cotampla st | PR § LETTH. eashier of the aBOverAmeA Benk. o, foiemanly Swesr that the above statement ix true to the best of my Knowledge and belief as:c:‘m topand subscribed Tetore:tme’ thts € ulv. 1037 (Beal] ” "VINCENT P Frect attest b 1;;'5 By, TON STRASBURGER, 3. I PEYSER gfl'l«s& M. REED. BOUDREN. Notary Publie. ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE B UILDING ASSOCIATION 915 F STREET N.W. Organized 1879 OME LOAN Easy Monthly Payments as low as $7.50 per $1,000. No comm may be ns or renewal monthly. Investigate Taxes our economical loan plan. COLUMBIA BUILDING ISSOGIITIOI 716 V1th Street Opposite Palais Royal