Evening Star Newspaper, July 20, 1937, Page 15

FINANCIAL. CORPORATE BONDS REGISTER GAINS Utilities and Rails Assume Leadership—U. S. Issues Improva Slightly. Bond Averages 20 Rai !nd\uL ol Py Net change_ -+.i Unc. + +.2 Today, noon 92.9 102 9 97.1 728 Prev. day . 9281029 970 726 Month ago. 9251027 973 726 Year ago... 93.6103.5102.6 69.6 1837 high 99.010441028 747 1937 low. 9091022 958 70.5 1936 high.._ 98.2104.4103.1 73.0 1936 low. 8691018 99.3 67.6 1932 low 458 400 646 422 1928 high__101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon ..._110.6 Prev. day.110.6 Month ago 1109 Year ago. 111.7 1937 high_ 113.7 1937 low.. 108.4 1936 high. 113.5 1936 low.. 110.2 1928 high. 1044 1932 low.. 86.8 (Complled by the Associated Press.) By the Associated Press. NEW YORK, July 20.—Most bonds were higher today with utilities and rails in front. Government obliga- tions were steady and a trifle im- proved. Foreign loans were mixed. Traders evidently regarded the cur- rent business news in a more favor- able light as buying came into the market in slightly heavier volume. North American 5s climbed over a point and American Water Works 6s, Columbia Gas & Electric 5s and In- ternational Hydro Electric 6s im- proved. Great Northern 4s led the rail divi- sion with a gain of over 2 points. Senta Fe 4s, B. & O. 4';s, Missouri Pacific 55, M-K-T 5s, Southern Rail- way 4s, St. Paul 5s and Illinois Cen- tral 4345 pushed to higher levels. In the industrial group Youngs- town 3!;s and Bethlehem 4';s edged fractionally higher, while Penn Dixie 6s and Walworth 4s declined. Stock Seat Price Climbs to $93,000, Or $3.000 Higher By the Associated Press NEW YORK, July 20—The price of stock exchange seats rose a little today, & trend which brokers attributed to the midyear advance in the share list. Arrangements were made for trans- fer of a membership at $93,000, up $3.000 from the previous transaction. Last June, when the market was in the doldrums, two seats sold at $85,000 each, the lowest in about two years. Highest price paid this year ‘was $125.000 in March, ————e- Washmgton Excbange SALES—AFTER CALL. Riggs National Bank pfd.—4 at 100. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4'2s Anacostia & Pot. 52 Ang. & Fou Guar. 5 C. & P. Tel. of Va. &3 Caital Traction R R, City & Suburban bs Georsetown Gas Is: b3 El Aty Waine Gas e 108 Wash. Gas 55 1960 ‘Wash. Ry. & Elec. 45 MISCELLANEOUS. Chevy Chase Club 1st 4% W. M. Cold Storage bs STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (8) Capital Transit Co. b8 & El com. (36)_ Wash. Ry, & EI pfd. (5) BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (eR)__ Bank of Bethesda (h.75)___ Capital (4) Com. & Savings (e10) Pr. Oeouu Bk. & Tr. (.50) Riges (e5) Riggs fd. (5) __ Washington (6) == Wash. Loan & Tr. (e8) FIRE INSURANCE, American (6) Fationsi"Union (.60) TITLE INSURANCE. Sg]umhh €.30) a1 Estate () 0 MISCELLANEOUS. Caipel Corp. (2.00) Tanston Monotype (+4) Lincoln Serv. com_ (11 Lincoin Service Pfd Mergenthaler Lino. Peoples Dr. 8t. 11.00) Peobles Dr’ 1. pia. (6.50) Real Est. M.&G. pfd. (**.70) urity Storage (5) Wdwd. & um' pld. *Ex_dividen P Baoks osed. 'Ylul extras. (L S"T880 per share paid out of aurplus. INSURANCE STOCKS NEW YORK. July 20 Jf).—New York Bec s’ Association: urity Dealers’ B A Aetna Cas (3a) ‘Aetna Ins (1.80) Aetna Life (.80a) Am Eauit (1.60a) Am Reins (40g) Am Reserve (la) Am Surety (2'2) Automobile (1a) _ Balt Amer (208) Carolins (1.30 Hartford Pire (2) Home PFire Bec Home Ins (1a) Homestead (1) Lincoln Fire ryland Cas 53 Bond (3%) Natl Fire (2) fe (74N ers (16) t '"nfiem "an) %:m —_— FEDERAL LAND BANKS Bl leral Land "m July 20 (P).—Ped ine lflbflfllv 19 Bal All time shown below fs en which the Exch s Domestie Bond 5.840. .000 TREASURY. High. Low. Close. 98.15 98.12 98.12 108.11 103.3 103.3 101.3 1011 101.1 100.5 100.2 100.. 100. 99.31 99,31 101.4° 101.2 101.4 104.24 104.24 104.24 103.3 103.8 103.3 105.18 105.13 106.13 106.10 106.10 106.10 105.22 105.18 105.18 106.27 106.26 106.26 110.11 110.11 110.11 1127 1124 1127 107.23107. 107, FEDERAL FARM MORTGAGE. 7 - 103.12 103.12 103.12 _ 102.29 102,27 102.28 2 103.11 103.11 103.11 HOME OWNERS' LOAN. 238 1942-44 100.15 100.15 100.15 2%81939-49 100.30 100.26 100.26 381952 - 102.20 102.16 102.16 FOREIGN BONDS. ligh. Low. Close. Abitibl Pa&Pw 58’53 9815 9815 Agr Mtg Bk Col 24 Agr Mtg Bk Col 23% Akershus 5863 _. 9 Antioquia 7s'45 A. Antioquia 7 ‘45 B Antioquia 7845 D__. Antioquia 1st 78’57 Antfoquia 2d 78 '57 n_ Antloquia 3d 78 '57.. Antwerp 6568 Argentine 48'72__ Argentine 414871 Argentine 534862 Argentine 6857 A 2%81949-53____ 2% 1945-47__. 235 1948-51__, 2% 8 1951-b4 .. 2%, 81956-59 2% 1955-60__, Austrian 7s '67__ Bavaria 8 6158 '45 Belgium 65 '66__. Belgium 7s'55 Berlin Elec 6% '5 Berlin Elec 6%s'5 Brazil 6145 °26-'57 Brazil 6%4s"27-'57__. Brazil 7852 Brazil 8 41 Buenos A C 65 60 Oct Buesnos A 3s'84 e Beu A 434-4% %77 Py Buenos A 41;8'76 Aug Buenos Alres 4%8-4%8'76 Aprfl Buenos A41;s-4 % 8’75 Bulgaria 78’ "[ Can LI Canada :v.-'«i Canada 3567 _. Canada 3% s'61_ Canada 45 '60 _, Canada 6= '53_. Chile 6 Chile € Chile Chi: Chile 7842 Chile Mtg Bk 65°61.. Chile Mtg Bk 6562 Chile Mtg Bk 6155 '57 Chile Mtg Bk 6% 8°61. Chilean Mun L 78 '60. Colombia 63'61 Jan_.. Colombia 6s "61 Oct... Col Mtg Bk 7846 _. Copenhagen 6352 Cordoba 7s 42 prv Costa Rica 7851 A_. Cuba 6%s 45 . Czechoslovakia 8551 Denmarx 41862 Denmark 53%s '35, Denmark 6542 Dominic 1st 518°42... Frankfort 6%s 53 . Ger C Bk A 68'60 July Ger C Bk A 65'60 Oct. Ger Gen Elec 6348 __. Ger Gen Elec 7545 ... Ger Gov 514865 st Ger Gov 533865 un st Ger Rep 78°49 stpd _. Grt CEl Jap 615850 Grt CEl Jap 78’44 Greek Gov 68’68 Greek Gov 7s'64 Haiti 63°52__ Hungary 7148 "44._. Italy 78°51 _ Ital PUCrd 7 Japan 653 s 6o Japan 638 54 Kars 6543 ct st prin_ Lombard Elec 75 '52 .. Mex 48°10-"45asst sm Mexico af 58 "45 anst . Mexico 6s'33 asst Ige Mexico 6533 sm asst. Milan 634552 Minas Gers 634 '58_ Minas Gers 6145 '59_. Montevideo 78 ‘52 Norway 45 '63 Norway 438’6 Norway 65 43_ Norway 6s°'44._ = Oriental Dev 51,858 Oslo 4% 385 Queensiand 6s'47_ Panama 6s ‘63 stp Paris Orl Ry § Pernambuco 78’47 Peru 63°60._ Peru 6361 _. Peru 78’6 Poland 65 Poland 7s°47. Poland 8850 Porto Alegre 7% Porto Alegre 8s°'61 Prussia 61,851 Queensland 7s ‘41.. Rhine W E1 P 6s Riode Jan 8s°46_ Rio de Jan 63853 Rio Gr do Sul 68 '68.. Rio Gr do Sul 66— Rome 6338 °'52 Roumania 78 'S Sao Paulo C 6%s'57_. Sao Paulo St 6s'63 Sao Paulo St 78 40 Sao Paulo St 7s '56.__. Sao Paulo St 35 '50. Serbs 7s°62 Sydney 5%s ‘55 Taiwan Tokio 68 Tokio 54861 Toklo E L Litd 65 °53. Trondhiem 5%s '57_.. Ujlgawa BP 78°45___ Un Stl Wks 6% 8’61 A Un Stl Wks 6%8'51C. Uruguay Uruguay Warsaw 7s ‘5l Yokohoma 6z DOMESTIC BONDS. Adams Expre: 847 101 101 101 Adm Exp 4% - 101% 101% 101% Alb Per W P 68 664 65% 654 Alleg Corp 6» '44 Mk 9K 9TY Alleg Corp 58 49. 89% 89 89 Alleg Corp 68 '50. 88 88 88 Alleg Corp &8 ‘50 st; 67 66% 66% Alleg Valley 109% 109% 1093 Allied Stores 4148°50. 100% 100% 100% Am & For Pw 55 2030. 80% 80% 106 105 106% 10615 108% 437y 4314 51 1008 1008 617y L/ 82% 8215 BB' 100% 60% 851y 12 T 921y 11% 3 13 T 14 28% 28% 73 99 10214 1067 106% 2% 101% 111 106% 1% 67 T4% T4 101% 94y 30% 31 687 68% 52% 9% 101% 9% 30% 31 68% 68 521 9% - 112% 112% 112% 106% 105% 105% Anaconda deb ¢ 34860 106% 106% 106% Armour(Del)1st ¢x'6b 98% 98% 98% Armour (Del) 48’57_. 98% 98 98 A T&8 Fogen ¢8°95_. 111% 111% 111% 105% 1056% 105% 106% 105% 105% 108% 108% 108% 112% 112% 112% ) A T&S Fead) ¢» ATES Fetk%s Ol Atlantio & D 1stés’. AtIG& W istbs'59 Auburn Auto 4% s°'39. 105% 105 105% 72 % 1% 1118 1118 111% &Orefbn 95 A ... R3% 83 83 Oref $32000D__. 80% 81 1956-46 & &O68'98F ______ 81% 81% & Oref 68 '96C._- 93% 93% 93% THE EVENING STAR, WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE Bell T of Pa 6848 B_ Beth Steel 33,86 Beth Steel 439 €0 .. Bos& Me 4%,s'61J__ Cos Bklyn Un G b3 '67 B_. BufftGE4%s'81B Buff R&P con 4348’57 Bush Term con 68 '55. Camag 73 42 cifs. . Can'dian NR 4138 '67. Can’dian Pac 4 Can‘dian Pa CaroCl & O 68 '38 Centof Ga 68’69 C___ Cent of Garf 63869 Cent Ill E& G 68°61 Cert N England 48’61 Cent of N J gen 68°87 Cent Pac 68'60 .. Cent Steel 8s ‘¢ Cert'd deb6%s Champ P&F 4% 5°50._. Ches & O 3%s'96 D_ Ches & O3%s'96 B C& O gen 4% Chi B&Q gen Chi B&Q ¢%8°'7 Chi B&Q ref 6871 Chi B&Ql div 33 Chi B&QI div 4849 __ Chi & E 111 63 °51. Ch) & E 111 65 ‘51 ctfs. 33 Chi & Erie 58 '82 re; Chi Grt West 469 CM&StP 5 CM&StP&P adjb Chi & NW gen 48 '87 Chi & NW "fil 2037C Chi & NW 4% Chi & NW ll‘n 68°'87_. Chi & NW rf 58 2037_. Chi R I&P rf 45 34 _. Chi R I&P rf 4a'34ctf. Chi R I&P gen 48 '88 ChiR [&P 41852 Chi RI&P 4128 °52 ctf. ChiR I&P 414860 Chi T H&S 18t 65°60._. 2| Chi Un Sta 31,851 Chi Un Sta 3% Chi Un Sta 4563 Chi & W In con 48 °'52 Chi & W Ind 43%s'62. Childs & Co 6343 __. CInG&E3%s'66_ Cin Un Term 68 °'57 CCC&St Lrf 4% 87718 CCC&St L gn 55’41 B CCC&StL StL dv4s'90 Clev Cliffs It 4%5 '50. Clev E1 111 3%, 8°65 Clev Short L 4348 Clev Un Ter ¢148°17_. Clev Un Ter b Clev Un Ter 5% 8'72A. ColoF & I 58 70 Colo & So 414880 Columbia G & E deb 58°52 April_ Columbia G & E bs ‘62 May . __ Columbia G&E | Colum Ry P&L 48 | Comel Credit 338’51 | Com Inv Tr 3145 '51 Conn R Pw3%s8'61 A EAN Y 3%a8'46 Cons Ed N Y 3%8°56_ Consol O113%8°61___ Consum Pwr 3148°70. Consum Pwr 3%s 65 Container deb 63°43_. Crane Co 31:8'51 _ Crown C & S 48 '50. Cuba Northn 6148 Cuba RR 18t 55 '62 Del & Hud ref 4843 _. DelP& L 4%3°69 Den & R G con 4s°36 Den & RGW 68'55asst Den& R G ref 5378 _. Det Edison 43 '65 F Det&M 2d 4395 a Duquesne Lt 3145 '65 Ed El I11 Bklyn 4839 Elec Auto Lite 43'52_ El Paso N G 4%s'51_ Erlo et 5a°67. Ze |Erieref 5875 _ * | Erle & Jersey 6855 Fairbks Morse 43 ‘66 _ Fed Lt&Tr 68 '42 Fla EC Ry 63°74_ Fla ECRy 53 Galv H&H 5% s Gen Mot Acc 3 Gen Mot Acc 335 '61_ Gen Stl Cast 535549 Ga Caro & Nor 68 '34_ Goodrich 4% 5 '56 Goodrich 6s°45 Goodvear T&R 8 ‘57 Goth Silk H 5546 ww Grt Nr Ry 3%.3°67 Great N Ry 48 46 G__ Grt N Ry 4s'46 H GtNRgn 415’76 D GrtNRgn4%s'17E Grt NRE%s'62 B Green Bay 6362 B Gulf Sta Stl 43861 Gulf States Utl) 45'66 Gulf Sta Util 434846 Hock Val 41; Hoe (R) 18t mtg "44 Houston Oll 6% *40_ Hudson Coal 6852 __ Hud & Man inc 6857 Hud & Man ref § 111 Bell Tel 33870 111 Cent 314852 111 Cent col tr 48 1l Cent ref 4865 Hizh, Low. Close. 103% 103% 1043 104 - 108% 108% 112% 112% 119% 119% 96% 96% 104 Hfl't 76 - 112% 112% 4% 94% 1058 105% . 110% 110% 83 82% 59 58% 21'% .21 112% 112% 94 938 104% 104% 102% 102% 114% 114% . 106% 106% 103% 103% 1% 17% 18 18 102% 101% 70 49 9 98 123% 123% 8215 82 105% 105% 98 98 98 97% 120% 120% 112 111% 110 110 1167 1163 108 108 111 111 348, 34y 33 1188, 118% 40% 39% 5 2 26 8 3815 234 %849 _ 15' 3914 241y . 108% 108% . 110 1104 104 104 102% 102 848, B4y 101% 1011 . 1074% 1074 938 ;o ¢ 100 98%% 107% 107% 110 109% - 11175 111% 102% 10244 107% 107 109 109% 818 8I% 597s 597 101 1004 1007 100t 990 991, - 106% 1061 967% 9674 - 102% 102 1043 1043 106 106 10413 104 1038, 10315 1024 1024 107 107 101 101 10158 101% 1061 106 4RTn 4RTy 50t 50 61y 61!y 9 91 - 102% 10215 27 267y 15 1415 20 19% 110 110 48% 47 106 105% 104 104 1093 109 104% 1048 991 9914 81z 80y STA% T4 T4 3% 18 11 10315 103% - 103% 103 12 114 11 11 95 95 - 102% 1021, 1017 10174 8015 798 34 34 101 100% 10415 1041 105% 105 98% 98% 954 95% 130% 126% . 110 109% 106 105% 105% 104% 117% 117% 11% 11 98 97% 1027 10275 104 104 - 119 119 ‘T4 ctfs '99 5. 621y . 105% 105% - 19 79 6% 764 82 8l 103% 104% 108% 112% 119% 963, 103% 76 19% 75 87 101% 112% B4 105% 110% 83 59 21 1124% 9354 104% 102% 114% 106% 103% 174 18 101% 70 48% 98 123% 8214 105% 98 98 120% 111% 110 1164 108 111 1074 9315 117 100 10744 10914 111% 102% 107 1094 Bl% 597 1004 1007% 991 1064 9674 102% 104% 106 104 103% 1021y 107 101 1018, 106k 487% 5014 611a 105% 79 6l 8114 i Republic Stl 43 | Revere Cop 418 Il Cent ¢%s'66 111 Steel deb 4 Ind 111 & Iowa 48 '50 ICC&St LN O 4%#'63 ICC&St LN O Inland St13% Int RT 1st rf 6866, IntRT 6s°'32. _ Int R T 6532 ctfs. IntR T 78°32 ctfs Interlake Iron 48 47. IntGrt Nrb6s'56 B __ Int Grt Nradj 65'62 A Int Grt Nr 6s°52 A Int Hydro Elec 6s'44. Int Mer Marine 6s 41 Int Pap 1st 5547 A__ Int Pap ref 6 IntiRy CA 6% Int T&T cv 43839 Int T&T 4%s°53. Int T&T 63 '65. James F & C4n'39___ Jones&L 8tl 4% ¥'61A Kan CFS&M rf4s’36ct Kans CSo 1st 3550 Kans City So ref 68’60 Kans C Ter 1st 45 '60. Kans G&E 4348 °30 67 674 - 107 107 104% 104% 73 73 8 78 1047 104% 61% 61 23 2214 21 21 63% 63 100 9914 29% 29% 1% 10% 30% 30% 81 9 T4% T4 101 100% 984 974 9T% 9T% 91 0% 4% 71 6% 76 95% 954 104 104 47 47 26 85% 891 8’7 108% 1085 104 1037 . 105 105 95% 9514 59% 591 59% 597 674 107 Lake S&M 80 3%s 97 Lautaro Nit 19758 Leh C&N €143 °64 A. Leh Val Har 68°54___ Leb V NY 434#'40 gtd Leh V P con 4» 2003. Leh V P con 4%s 2003 LV Pacn 482003 reg. Leh Val Ter 58’41 reg 99% 103% 103% 103% 103% 103 103 88% B88% 88% 95 95 95 ~ 100 100 100 106% 106% 106% 108% 108% 108% | . L& N 8o Mon jt ¢s'52 McCrory Strs 68 °51__ Me C RR clt 45 A _ Man 8 1st T34 8'42ctfs Manhat Ry 48°90 _ Manhat Ry 48 ‘90 ctfs Manhat R 2d 48 2013_. 19% 19 Mead Co 6845 _ 106 105 105 Met Ed 1st rf 4348°68 107% 107% 107% Mich Cent 4353°79 . 104% 104% 104% Mil E]l R&S L rf 68’71 101% 101% 101% Mil E]1 R&L 6s°61 __ 101% 101% 101% MStP&SSMon4és'38 20 20 20 MStP&SSM 6s°38 gtd 22K 21% 21% U 9TU 9TU 104% 104% 104% 103% 103% 103% 6 63 64 39 40 35 -QxfiTll‘lB— ‘! MoK & Tuadj 6’67 67% MOK&T6s 63 A 75% T8% Mo Pac 4a T8 — (174 %, Mo P2c 5865 Aeeenae 38% 38% MOP2c58"77 Faueeee G- Mo Pac 58’78 G ctfa. Mo Paoc 5880 H.. Mo Pacifio 6w 81 1. Mo Pac 5% 49 Mob & Ohio 4%s Mohawk & M 4! Mont Pwr 3% s Mont Tram 584 Morris&Essex b5 '55_. Nl-hv C&St L 4878 _. au Elec 48'61 std 1 Dairy 3% s'51ww 1037 Nlll Dis P C 4% 105% Nat Ry Me: Natl Steel New Orl PS6s'52 A New Orl PS6s'56 B... New Or Ter 1st 48’63 New Orl T&M bs New Orl T&M 55’56 C. New Orl T&M 5158’64 N Y Central 3% s '52 NY Central 8158 '97 NY Cantnlx"l NY Cent 45°42 NY Cent con 489! NY Centrf 4145 2013 NYCrf4%4s2013n__ NY Cent rf 682013 NYC&St L 41;8°78_ NYC&St L 6%48°74 A NYChi & StL6s-38_. NYL & W 1st 45’73 NY L&W 4%8°'7! NY LF, ‘WD Imp 10314 103'4 105'% 105% 35 36'% NY NH & H 4s°57 NYNH&H 43867 NYNH& Hel tr 6540 NYNH&Hecv 68'48_ NY O&W gen 48°55__ NY O&W ref 4392 NY Steam 1st NY Steam 5s ‘56 NY Steam 1st NY Tel gen 4%;8'39_ I\Y ‘Tr Rk 65 °46 stp__. WE&B414,8'46 g Falls P 3148’66 Niag Sh 51,8 '60 __ Norf So 1st ref 55°61. Norf S 18t rf5s'61 cf; North Am Co 6861 __ North Am Ed 58’67 A North Am Ed 9 C. Nor'n Pac gen 38 2047 Nor'n Pac 48’97 __ Nor'n Pac 414= 2047 Nort'n Pac 5s 2047 C.. Nor'n Pae 68 2047 Ohlo Edison 33, Ohio Edison 45°65 _ Ont Pwr Niag 6543 Oreg RR&N 4846 Oreg W RR 4861 Otis Steel 434562 PacGas & E13%5'66. PacG& E3%s PacG&E 48 Pac T&T 3%s'66 C _ Pan Am PC 6840 ctfs Param’t Pic 33w 47 . Paramount Piec 68 '65. Parmelees 65 44 Penn Co 43’52 E Penn Co 4563 _ Penn Dixie C 6341 _. Pern P& L 4%,8'81._ Penn RR 348 w1 Penn RR 3%8°'70 C.. Penn RR 4% 81 D_. Penn RR 4% s 84 Penn RR con 4%48°'60. Penn RR gn 4148°65 Penn RR deb 4%s '70 Penn RR gen 6s'68 _ Pere Marq 1st 48 '56_. Pere Marq 4%s'80 Pere Marq 1st 65 Phelps Dodge 37, Phila Co 6867 Phila Elec 31,867 Phila & R C&1 6373 _. Phila & R C&1 63°49_. Philippine Ry 4s°37_. PCC&St L 4138 PCC&St L 58’7 Pitts&W Va n/.- 60C Port Gen El 4%;8 60 ... Postal Tel & C 58 °'58 Potomac EI P 3% s '66 Purity Baking 6s°48_ Reading R4148'97 A. | Reading R 4148°97 B_ Rem-Rand 4 s'66ww Republic St 4143 50 5’66 Republic St] 415s '61._ 6. Richfield Oil 6='44 _ Richfield O 6844 ctfs Rich Term Ry 68°52 . Saguenay Pw 41(s'66 StLP&NWEs 48 ___ St LS Fran 45’50 St L-S F 4350 A ctf: StL-S Fran 4%3°'78_. St L-SF 4%8’78 cf at. StL-S Fran 63’60 B __ St L SF58'50 B ctfs_ StLS W gnrf 6590 . StPKCSL4%8'41_ St P Un Dep rf 6872 San A & A Pass 48’42 San An P Svc 6862 A San Diego CG&E4s'65 Santa Fe P&P 58'42__ Seabd A L ref 4559 Seabd A L adj 58°49_ Seabd A L 6845 A __ Seabd A L 6845 ctfs_ Seabd A-Fla6a'35B ct. Sharon Stlcv 4%8'51 Shell Un deb 335 '51_ Skelly Ofl 48°51_ Socony Vac 3% 8’50 South Bell T&T 58°41 Southn Cal Gas 4365 So Colo Pwr 65°47 A_ South Nat G 4%s'51_ SoPac 338’4 _ So Paccol 4849 _____ So Pac ref 4865, So Pac 4%s SoPac 4%s So Pac 4%s 1068 995y 101 1064 1054 10515 1056 105% 993, 994 100 1004 9274 92w 106% 106% 4 88 881 874 8TM 871 8T 95 95% 1084 1081 1084 715 1054 105% 105% 9T 96 96 991 99% 994 102% 1024 102% 28 97% 9T 110% 110 110% 107 106% 106% 103% 103% 103% 90 89% 90 108% 10844 1054 1054 104% 104% 107% 107% 107% 102% 102% 102% 1034 1031 1031 1221 122% 122% 109 109 109 105'% 9974 1004 So Pac 8 F' Ter 48 '50_ So Ry gen 4-'56 A So Rv So Ry gen So Ry 6348°66 Southw'n G&E Stand OfI NJ 38761 ._ Studebaker cv 68 '45._. Swift & Co3%s 50 Tenn C&C 6544 B_ Tenn El Pw 63 4 Tarm AsStL 4 arkana 6%s ‘60— T.nu Corp 3%8°51_. Texas & N Orl 6843 _. Texas & Pac 58’77 B. ‘Texas & Pac 63°79 C_ Tex & Pac 1st 58 2000 Tex & P MPT 534864 Third Av ref 4s°60 ‘Third A ad in ex 55’66 Tide Wat Ol 3%#'62_ UnOilof Cal3 l'll 1084 105% 104% 100% 100% 100% i1l 110% 110% 96% 96% 98% 96 96% Union Pac 1t 48°47_. Un Pac 1st rfus 2008 United Biscuit 5s 50 United Drug 6563 U 8 Rubber 58 47 Utah P& L b8 44 Ut P& L 68’89 UHIP&L6%8 4T ‘Vandalia 48’55 A. Ver Bug 1at 78°42 c! VAE&Pilstrf VaRy 1st3%s’¢¢ A Wabash 4143°78 Wabash 1st 6s°39___. sh 68°76 B ... 114 114 114 107% 107% 107% 106% 106% 106% 97 96% 97 107% 107 107 100 100 100 102% 102% 102% 57% 57 bTW 7% &7 57 111 11 105% 105% 105% 30% 30% 93%, 933, Walworth 65 '66 ‘Warner Bros cv Warner-Quin 6s'39 _ W Sh 1st 45 2061 gtd._ W Sh 1st 45 2061 reg.. West'n Md 18t ¢5°62.. Westn MA 65%8'77.__ Westn NY&P ¢n 42°43 Westn Pac ks ‘46 A___ A 85 85 85 103% 103 103 106% 106% 106% 32 924 934 101% lOlK 101% 91% 91 89% 88 West'n Un 43860 Westn Uncl tr bs Westn Ufi 68 °61.___. West'n Un §s°60 ‘Wheel Steel 43486 Wilkes BEE 15t 53°43 17% Wilson & Co 4» ‘66 102% 101% 102% WisCent 1st gn és'49 23 23 23% Y'ngstn 8&T 3% 8 ‘51, 147% 146K 146% Y'ngetn S&T ¢s'61__. 102% 102% 102% D. C, TUESDAY, JULY 20, 1937 PACE MAINTAINED (Stee! Scrap Price AT COTTON MILLS June Operations at 137 Per Cent, Against 137.7 in Previous Month, By the Associated Press. The Census Bureau announced to- day that the cotton spinning industry operated at 137 per cent of capacity during June, compared with 137.7 per cent during May this year, and 111 per cent during June last year. Spinning spindles in place June 30 totaled 26,936,610, of which 24,- 555,716 were active at some time during the month, compared with 26,986,187 and 24,659,296 for May this year and 28,311,834 and 22,957,322 for June last year. Active spindle hours during June totaled 8,595,344,360, or an average of 319 hours per spindle in place, compared with 8547,976,501 and 317 for May this year, and 7,319,892,450 and 259 for June last year. Spinning spindles in place June 30 in cotton-growing States totaled 18,- 881,346, of which 17,790,026 were active at some time during the month, compared with 18,911,159 and 17,- 789,228 for May this year, and 19,- 059,076 and 16,983,252 for June last year, Earnings Sm 21 Per Cent Gain Over 1936 Levels By the Associated Press. NEW YORK, July 20.—Profits of the first 51 companies reporting for the second quarter this year were 21 per cent above the same period in 1936, & compilation by the Associated Press showed today. Net income for the group totaled $84,545,159, compared with $69,717,473 a year earlier. The 21 per cent gain in the latest three months contrasted with an up- turn of 25 per cent in the first six months over the like period of 1936. The discrepancy between the ad- vances reflected slowing down in the profit rate attributed by business ob- servers to rising operating costs. Heavy industry—steels, rail equip- ments, metals and others—turned in widest gains, DIVIDENDS ANNOUNCED NEW YORK. July 20.—Dividends de- clared—prepared by the Standard Statistic Corp.: Ex Pe- Stk of Pay- Rate. riod. record. able 15¢ 7-18 & $1.50 _ Home Insur < Bt Paul Fire & Marine Insur 7-12 Appieton Co Denver Nat Bank 50% Resumed. 1 Accamulated Apleton co 7% pf %1225 8t _Lou; ¢ Appleton Co United Puel Invest 6% pfd .. Regular. B0c $1.75 $1.75 $1.76 $1.50 $1 Am Paper Goods Appleton Co 7% pid Armour & Co 7% gtd pfd Armour & Co. 11 Dl Armmlr & Co. M Buckers Pine Cons Retail 8 Line trs . pld s2 Great West El-Chem $1 Hartford Times Havesty’ Purn Home Insur Parker Pen Pioneer Mill Quebec Power 8t Paul Pire & Marine Ins Std Steel Spring Tide Water Pow B53.c Entalco 3npta Pub Berv K1 & Gas CHICAGO LIVE STOCK. CHICAGO. July 20 (P.—(United States Department of Agriculture.)—Hogs, 12.000. including 2,000 direct: market uneven, generally 10-15 lower than Monday's aver- bulk good and choice 1K 50t 001950 araely. Bucchers. 11 285 4G peddling beef ton- ket still slug- tish: most killers inactive in the way of competing for small runs here: few lo atrictly ®rain-fed steers and yeariings 36 higher on shipper account. but common and medium arades siow. steady. no life to she t: most big Killers going very lower on both culter grade and ‘beef grade cows: bulls steady to 10 lower: vealers stead: 2222 ZZLLZ Boosted Further To $20 Per Ton By the Associated Press. NEW YORK, July 20.—Dow, Jones & Co, in a dispatch from Pittsburgh today said No. 1 heavy melting steel acrap sold at $20 a ton, an advance of 25 cents. The current quotation was $19.50 to $20. The market continues to refiect scarcity of offerings, it was reported. TWO FIRMS VOTE EXTRA DIVIDENDS Servel and A. M. Castle & Co. Board Take Action on Common Stocks. By the Associated Press. NEW YORK, July 20—A refriger- ator maker and a steel merchandising concern voted extra dividends on common stock today. Directors of Servel, Inc, manu- facturer of refrigerators with plants at Evansville, Ind,, declared an extra dividend of 60 cents and the regular quarterly of 25 cents, both payable September 1 to stock of record Aug- ust 18. The previous disbursement was the 25 cents regular on June 1, A. M. Castle & Co. Directors of A. M. Castle & Co., ‘Western merchandiser of iron and steel products, declared an extra of 25 cents and the regular quarterly of 50 cents, both payable August 10 to stock of record August 2. The last dividend was 50 cents paid May 10, Kennecott Copper. Kennecott Copper Corp., announced & special dividend of 25 cents and a dividend of 50 cents, both payable September 30 to stock of record Sep- tember 3. On June 30 and March 31 the compeny paid dividends of 50 cents and on June 30 a special dis- tribution of 25 cents was paid. INVESTING COMPANIES NEW YORK July 20 (.—New York Becurity Dealers’ Association: (Noon auotations.) i Admin Fd 2nd Inc _ Am Business Shrs Am Gen Eq Inc Am Ins Stocks Bancamer Blair Bankers Nat Inv Corp Basic Industry Bosion _Fund Inc Broed St Iny Bullock Pund Coroporate Trust Corporate Trust A A. Corp Tr A A mod Corp Tr ‘Accum Ber Corp Tr Acc_mod Sumnlative Tr 65 Denos Bk Sh Depos Ins Shra Dépos Ins Shrs Diversified Tr € Dividend = Bauity" Corp 83 of Pidelity Fund Inc First ‘Boston Corp 2 Fiscal Fund Bank, shri Fixed Trust Fiscal Fung 1ne. 'A g nd Investors Ine Fund Tr Shrs A Pund Tr Shrs B General Capital Corp Gen Investors Tr Group Sec Agriculture Group Group Group Group Group Group Sec Chemical _ Sec Food Bec Invest Bhrs Sec Merchandise Group Sec Mining Z Group Sec Petroleum Group 8ec R R Equip Group Bec Steel Group ‘Sec Tobacco Hurron Holding Incorp_Investors Insil Sec. Bank Group Instl Sec: Insurance Investors Fd “C" Inc Keyston_Cust Fund B-3 Major Shrs Corp yland Fund acs Invest tks Elec Equip_ Stks Insurance _ Stks Jacbinery tks uip. Steel Nor Am Bond Tr ctfs____ Nor Am Pr Shares -2 g < ] 5 Quarterly Income Sh _ Selected Am Sh Inc Spencer Trask Fund Stand Am Tr Shrs Stand Util Inc _ Super of Am Tr A Super of Am Tr AA° Super of Am Tr B Super of Am Tr BB Super of Am Tr C _ Super of Am Tr D Supervised Shrs Trustee Stand Inv C Trustee Stand Iny D _ .- Trusteed Am Bk B Trusteed Industry Shri Wellington Fund U. S. TREASURY NOTES. July 20 (. Prices quoted INANCIAL WRIGLEY EARNINGS REACH §2.073.7% Quarterly Profit Compares With $1,887,551 in 1936 Period. By the Associated Press. NEW YORK, July 20—William Wrigley, Jr, Co. and subsidiaries re- ported net profit for the quarter ended June 30 of $2,573735 after deprecia- tion, estimated Federal income taxes, etc, equal to $1.31'a share on the 1,959,467 shares of capital stock, ex- clusive of treasury shares. This compares with $1,781,166, or 91 cents a share, in the preceding quar- ter and $1,887,551, or 96 cents a share, in the June quarter of 1936. National Cash Register. National Cash Register Co., Dayton, Ohio, reported for the quarter ended June 30 consolidated net income of $1,185,837 after depreciation and in- come taxes, equal to 73 cents a share on 1,628,000 capital shares. This compares with net income of $817,262, or 50 cents a share in the June quarter last year. United Biscuit. United Biscuit Co. of America, with 15 bakeries and 40 warehouses through the country, for the June quarter to- day reported net profit of $267,161 after charges, but before undistributed profits surtax, equal to 54 cents a common share. This compares with net profit of $254,149 or 50 cents a share in the preceding quarter and $317.755 or 64 cents in the like 1936 quarter. Corn Products Refining. Corn Products Refining Co., with plants at Argo and Pekin, I, and Kansas City, Mo., for the June quar- ter reported net profit of $2,136,386 after charges, equal to 67 cents a common share, against $2,205,500, or 70 cents in the preceding quarter and $2,553,945, or 84 cents in the June, 1936, quarter, American Chicle Co. American Chicle Co., chewing gum manufacturers, with a plant at Long Island City, N. Y. and subsidiaries in Canada and Mexico, for the June quarter reported net profit of $999,512 after charges, equal to $2.27 a common share, against $785861 or $1.79 i the preceding quarter and $792,516 or $1.80 in the like 1936 quarter. Beech-Nut Packing. Beech-Nut Packing Co., food man- ufacturers with principal plants in New York State, for the six months ended June 30 reported a balance of $1,210,131 after charges, taxes and dividends on 45 shares of class “A” preferred stock, equal to $2.77 a com- mon share, against $1,024,377 or $234 a common share in the like 1936 period. The foregoing figures make no provision for undistributed- profits surtax. Lehn & Fink. Lehn & Fink Products Corp., drug and chemical manufacturers and dis- tributors, with plants at Bloomfield, N. J. and branches abroad, for the first half of 1937 reported net profit of $238,130 after charges, equal to 59 cents a common share, against $286,616 or 71 cents in the like 1936 period. BOSTON WOOL MARKET. BOSTON. July 20 (#) (United States De- partment of Agriculture) o, Trading * was slow in the wool market today. A few buy- ers made occasional bids. bui prices were below the firm asking prices Most buyers for mills and top makers, however. made no eflort to take wool. Wool houses. on the other hand. accepted the sit- uation as seasonal quietness pending de- velopments in the goods market hile asking prices generally eould not be realized. there was no indication of a disposition to shade quotations in an effort to find outlets for wool FREIGHT LOADINGS NEW YORK. July 20 (® —Revenue freight car loadings on railroads reporting today for the week ended July 17 included . Previous Year 7 Y Ghi, & Nortnwes 27 Sulf - Coas ntl. .Gt : Missouri ' Pacific. Rock Island Southern Pacific St. L. San Pra COPPER CONGERNS END LEGAL FIGHT Kennecott and Consolidated Reach Agreement After 8-Year Battle. BY the Assoctated Press, NEW YORK, July 20 year legal battle between Coppermines Corp. and Kennecott Copper Corp. has been settled, the former company announced today. With the termination of litigation, involving elaims and lawsuits against, each other over mining rights and, ore treatment contracts, Consolidated Coppermines will be in a positon to double present production of copper, it was stated. The company received $500,000 as a cash settlement of judgments re- cently obtained by it against Kennee cott. The new contract supplants agreements made in 1926 and provides for the treatment of Coppermine’s ore in the Kennecott concentrator and smelter to the extent of 6,000 tons of ore a day, double the amount specified in the old contract. The mining rights involved are in and about Kennecott's’ open pit mine in Nevada, part of which is on Coppermines’ ground, and have been adjusted to the satisfaction of both companies, it was stated. The settlement was the issue of a brisk proxy battle a few months 2go, in which the Coppermines manage- ment favored the present settlement and was upheld by stockholders in spite of the opposition of a minority group headed by the American Metal Co., owner of approximately 10 per cent of the Coppermines stock. —An eight- Consolidated NEW YORK BANK STOCKS NEW YORK. July 20 (P Security Deniesa' ‘Association: (Quotations as of 2 o'clock.) —New York Bank of Man (1) Bankers' Tr (2) = Brooklyn Tr (4) = Cen Han Bk & Tr 4 Chase Nat (140 Commercial i%) Cont Bk Quaranty Tr (12) Irving Tr (.60 M.nu(uwren s K1 Manufacturers’ Tr pf (2) Natl Clty (1) Y Trust (5) Pubtic (1128) Title G & T 125 TONS OF LEAD SOLD. NEW YORK, July 20 (#).—St. Jos- eph Lead Co. reports 125 tons of pig lead from Southeast Missouri mines sold yesterday at $5.85 per hundred pounds, St. Louis. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM’S FURNITURE HOUSE 1416 Eve St. N.W. Phene NA. 3184 and Equipment ENVELOPE SEALERS he WalcottTaylor Cal p MILLS BLDG. MEtro. 5846 WE KNOW WASHINGTON IF YOU are planning to finance a new home or other property; + Refinancean existing mortgage ©on a more convenient basis: + Buy or sell improved or unim- proved property in the District or nearby Maryland or Virginia; + Secure experienced manage- ‘ment for an apartment house or office building; + Get proper insurance protec- tion for each property you own: in dollars and thirty-seconds. Pet. Month. Year. T Sept., 18: g Io strong: top. 10.00 best fed steers. 16.00: long yearlings. 15.85: only a few loads well finished, cattle here. these ullin( At ard: & t " 2 ier ‘for week to . _Texas calves and yearlings selling 8t Sbo-fi.bfl with natives at 8.00 down ts n eep. 5.000. includi 13 ’WO direct: Bflflnl lambs active. stea v to strong. im- \ked Pyiela 2R EE5REEE ¢ ¥ 32 BESEAEEEE Lyt forea netfves fed Californi sheep steady, FOREIGN MARKETS. LONDON. July 20 (.—Trans-Atlantic stocks were active and strong in the early dealings today. especially ~International Nickel and United States Steel. Oils and mining issues were also firm and the in- dustrial eroup was in fair demand Euro- n bonds moved irregularly and the gilt- CaRed division was somewhat sasier. PARIS. July 20 (# —The Bourse closed with a generaliy firm tone. although in- ternational issues sold lower. Rentes fi ished with net gains of 135 to 185 cen- times, Royal Dutch moved up 82 francs and Bank of France shares were 195 higher. Sues Canal reacted from the high of the day and closed with & net gain of 75 francs. a eomn-r-hle _prices: good ooled. ocipagnt: o2 =) g% A 333 llhter ewe: E¥ Ezses B el EELTEELEES S MONTREAL SILVER. onen?d"“{ennl; July 20 o —Silver futures stea. Po 44850, Septembe L H0b: " Becormbe 5Y2% and Safety FIRST MORTGAGE NOTES Your principal is protected by new homes where values are rising and the future will bring invest- ment growth. SHANNON & LUCHS Members of the Washington Real Estate Board 1505 H St. N.W. Natl. 2345 T. §. TREASURY POSITION. By the Associated Press. The position of the Treasury July 17: 515 1,781, :‘s" 52 $2. toms Teceipis. for the monih, a5 for “the fiscal vear (since July tures, penditures. $214.380,486.7" $30.690.876.730 65, an increase of 44,27 over the previous day: sets, "$12.433.193.690.78, includiny 201.701.745.87 of inactive gold. Information Before Investment Stock price movements are not uniform. In the first $3% months of 1937, although the average price of 48 groups of stocks declined 10.7%, 3 groups ad- vanced and 18 others declined less than the average. Investors who act upon facts are usually more suc- cessful than persons who invest at random. Trends and developments in different industries are sum- marized in the “F. & B. Industries Service,” avail- able to customers and other accredited individuals. FENNER & BEANE Members New York Stack Exchange and other leading Exchanges Southern Bldg,, 1%h and H Sts. N.W, *National 7000 + Bring your problem to us. We have been serving property own- ersin Washington, nearby Mary- land and Virginia for forty-nine years. WEAVER BROS in¢ REALTORS Mortgage Loan Corvespomdent Marspeiitan Lifs Innurence Company ONSIDER the many advan- tages of placing your apartment house and residence properties in charge of our Property Management Depart- ment. Inquiries Invited B. F. SAUL CO. 925 15th St. Nat'l 2100 A LI DISTRICT 9486 Mortgage Loans ééozi Zetm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INTEREST % COMMISSION 19, Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or' five years, without curtails; interest semi-annually. H. L. Rust Company 1001 FIFTEENTH STREET NATIONAL 8100