Evening Star Newspaper, July 22, 1937, Page 17

BT ~ SECONDARY BONDS TURN IRREGULAR Sharp Gains and Losses Contrasted—Railroad Issues Also Mixed. CIAL. BONDS ON By private wire direct to The Star. All time shown below is daylight savini on which the Exchange is now operatins. Approximate Transactions Today. U S Gov't Bonds 210,000 Foreign Bonds ___ 1,030,000 Domestic Bonds._. 5,420,000 TREASURY. 2148 1949-53_ 98.17 98.13 103.6 101.6 100.1 99.31 9817 103.6 101.6 100.4 100.1 3,8 1951-54_. ‘\.umsfi 59._, | Bond A\‘erages | 10 10 | Ralls. Intlust, ULl Flen Net change. Unc. --.1 Unc. Today noon. 92.9103.0 97.5 Previous day 1029 975 Month ago. 92.3102.6 96.7 Year ago. 5103.5102.7 1937 high. 99.010441028 1937 low 8091022 958 1936 98.2104.4103.1 1936 8691018 993 1932 458 400 646 422 1928 high___101.1 989 102.9 100.5 10 Low-Yield Bonds. Nrn!n 110.5 Prev. day. 110.6 Month ago 110.7 Year ago- 1115 1937 high_ 1137 1937 low__ 1084 | | 1936 high_ 1135 1936 low._ 110.2 1928 high. 1044 1932 low__ 86.8 3.3 73.2 724 69.3 4.7 70.5 73.0 67.6 (Compiled by the Associated Press.) By the Associated Press. NEW YORK. July 22.—Erratic 8Wings in secondary liens enlivened | the bond market in the late trading today. The final hour brought sharp de- clines in Utilities Power & Light 5s, | 39 1951-65 | 3148 1949-52 27% 8 1955-60 2755 1955-60 reg 33 1946-48 _ 101.1 101, 5 104.25 103.4 1053 106.10 1123 106.30 106.30 116.18 116.18 FEDERAL FARM MORTGAGE. 381049 102.30 102.30 102.30 HOME OWNERS' LOAN. 21,8 1042-44 100.20 100.18 100.20 2%51939-49 100.31 100.28 100.31 102,22 1 FOREIGN BONDS. Hign. Low. Close. 991, 991, 241, 99 1214 121 121 101.2 105.3 106.10 112.3 3% s 1941-43 Mar 49 1944-54 4348-3%8"43-45_ 4148 1947-52 1061(\ 112.6 106.30 116.18 Abltibl Pa&Pw 58’53 Agr Mtg Bk Col 6848 Akershus 5s 63 . Antloquia 1st 78" Antioquia 2d Antloquia 3d 7s 57 Argentine 4s 72 Argentine 415871 Argentine 53 s 62 Argentine 6s 57 A __ Argentine 63 ‘69 Oct Argentine s ‘60 Sept Argentine 6s 60 Oct Argentine 6s 61 May Australia 4158 '56 Australia 5 - 101% 100 1003 10043 1014 10083 10048 1015, 10088 101§ 1024 10615 1018 10043 1014 | 102ty 1081 Studebaker 6s and New Haven 6s. | Against these, there were sizeable ad- vances in American Typefounders convertibles, International Hydro Electric 6s and Ybungstown Sheet & Tube 3!,s. ~ Railroad loans were mixed of Missouri were higher. Suspensions Cut Steel Ingot Rate To 82 Per Cent| Those | Pacific and Santa Fe By the Associatea Press | CLEVELAND, July 22.—Daily Metal Trade today savs Vacation tdowns and suspensions necessitated by repairs this week have forced steelmaking operations down about two points in the face of continued pressure for , shipments on old contracts At midweek the national ingot rate is estimated at 82 per of ca- pacity, compared with 84 a week ago and 70 a year ago. Specifications on been tapering in some the flat rolled produ the usual Summer extent New business shows signs of ex- pansion, but though prices for fourth quarter have been reaffirmed on most products it is not believed a new buy- ing wave will develop for some weeks yet. Deliveries are considerably im® | proved, compared with the recent past, | and in a number of items producers | are extending efforts to obtain addi- tional tonnage. furnace have | lines, though s have res to an unusual Washmgton Exchange | SALES. Capital Traction 55—$500 at 85, $1,000 at 85 City & Suburban 5s—$1,000 at 76. Capital Transij Co—10 at 10%4. Potomac Electric Power 5'>7% pfd.— 4at 113 Bid and Asked Prices. BONDS. PUBLIC UTILITY. | Asked Amer. Tel. & Tel. 4125 ! Anacostia & 08 Ehp 3 | Ger C Australia Belgium 6s ‘53 Berlin Elec 613s " Berlin Elec 61,5 Brazil 618 | Brazil 61,8 | Brazil 7s Brazil 83 41 Breda Ernesto 785 Buenos A C 6s "0 Oct Buen A 415-4% 1067 - 110 10613 | Bulgaria 7s 67 Canada 3s 67 Canada 315 '61 Canada 4s '60 Canada 6s '52 . Chile 65" Chile 6s " | Chile 6s " Chile 6s " | Chile 6s° | Chile fs | Chile 7s Chile Mtg Bk 65’ Col Mtg Bk 615" Chile Mtg Bk 6% 61 Chilean Mun L 7s '60 Colombia 6s 61 Jan _ Colombia 6s '61 Oct - Copenhagen 4 Copenhagen 5. Copenhagen T 5s Cordoba Ts 42 prv Cuba bizs 45 Denmarx 47 Denmark 51;s | Denmark Es 4z 174 28% 29 aniy 1001 1015 957, 67 1000 1010 10574 ) 9% 1001« 101% 5% 670 10074 101% 10074 1015 106 nd 6s " Bk A 660 July Ger C Bk A 6560 Oct Ger Gen Elec 6128 '40 Ger Gov 5%4s 60 st Ger Gov 51;5'65 un'st Ger Rep 7s 40 st Grt Jap 61 Haiti 6352 Hamburg St 6s 46 Heidelbers 712850 __ Italy 7s 51 Ital Crd P W 7s'47 B_ Ital P U Crd 7s '52. Japan 5%s 6o inl. Japan 6%s ‘54 Medelin 6128 "54._ Milan 6,852 Minas Gers 614858 __ Norway 4s 63 Norway 4%s Norway 4%s "56_. Norway 6s'44 Norw Hy El 5%s'57_ Oriental Dev 6s'53 Oslo 43855 Paris Orl Ry 515 "68 Pernambuco 7s 47 Peru 6360 Peru fis 61 Peru 7s '59 Poland 78 47 Poland §s 50 !021. 104 1064 102% 8 2 101% 9015 102% 104 106% 1023 813 1011% 917 27% 19% | Porto Alegre 8361 Prussia 6s 52 | Prussia 658 51 Wash. Ry. & Elec. 45 MISCELLANEOUS . Chevy Chase Col._ Country w. PUBLIC UTILITY. Amer Tel & Tel (9) Capital Transit Co. N.& W, Steamboat (6) " g ) BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (e8) Bank of Bethesda (h.75) Capital (4) Com. & Savines (e10) Br Georzes Bk, & Riges (eX) Riges pfd. (3 * Washington ZZ Wash. Loan & Tr. (e8) FIRE INSURANCE. American (6) 100 Corcoran (3) s Firemen's_(1.20) National Union (.60) TITLE INSURANCE Columbla (.20) 11 Real Estate (6) 170 MISCELLANEOUS, Corp (2.00) Pe Peoples Br. St ofd: (6.50) Real Est. M.&G. pfd. (**.70) Security Storage (5) Ter Rel & Wh. Corp dwd. & Loth. com. (+1.50) Wana: & oth pa (- *Ex_dividend b Books closed. c am “Jiine 30. 1036 45¢ paid De- eember AN ga0 *s—S50 per share to be paid out of sur- Plus July 31. 1857 .. NEW YORK PRODUCE. NEW YORK. July 22 (@ —Eegs, 16 840 ‘vhxed colors, special nncks 2. i firsts, 21-21%2: mednlm . . Olhe mixed prices uncm\nzed Butter 14 :r") ensl!r Crelmcry higher i extra (92 score), 2: firsts (88 Vl tmresl 29-31's. Other grades vnchanged. steady. State. whole 2. otwer price. unchanged Live poultry. by freight’ siow Fowl. eolored. 19-22: broilers. Leghorn, unauoted; other freight prices unchanged. By express irregular, Broilers fed. e horn. 20: Rorks. 20-24 crosses broflers, unfed. Leghorn. b colored. 19-21: Leghorn, 18: other ex- = press orices unchanged Dressed poultrs quiei and firm. Presh old” turkeys (Northwestern. Western and Southwestern) frozen chickens, brotlers. 181,-24: rrv!r: 19-2515: roasters, 21 other dressed prices unL‘l\lnRedA UNIT IS DISSOLVED. NEW YORK, July 22 (Special).— New York Clearing Corp., a unit of Associated Gas & Electric System, has been dissolved, it was announced. This brings to 347 the total of sys- tem companies which have been merged, dissolved or otherwise elim- , inated. 17 !’EW YORK BAR SILVEB, NEW YORK, July 22 (#).—Bar sllver steady and unchanged at 443, [} 4 |B&O1stas 48 Queensland 7s 41 | Rhine W EI1 P 6s Rhine W El P 6s '53 . Rio de Jan 6148 ‘53 Rio de Jan 8s°48 Rio Grdo Sul 6s'68__ Rio Gr do Sul 7s '66__ Rio Grdo Sul 8s'46.__. San Paulo C 8852 _. Sao Paulo St 6s'68 Sao Paulo St 7s Sao Paulo St 8s Serbs 7862 Silesia Prov 7s 5! Styria 7s’ Sydney 6 Taiwan Elec 515 Tokio 5861 Toklo E L Ltd 6s 53 Ujizawa EP 7845 _ Un Stl Wk 615547 A Un Stl Wks 615851 A Uruguay 6860 Uruguay 6s ‘64 Warsaw 7s ‘58 Westphal E P 6853 Yokohoma 6s ‘61 Zo6Ru 53 25% 801, DOMESTIC BONDS. Adams Express 4s8°'47 101 101 Adams Express 4s*48 101 1005 Adm Exp 41,546 std 102 Alleg Corp 58 '44 974 Alleg Corp b3 49 _ Alleg Corp s 50 stp_ Alleg Valley 4542 Allied Stores 4148’50 Am Ice cv 58°'53 Am & For Pw 6s 2030 Am 1 GCh65%s 49, AmT& T 3%s'61 .. AmT & T 3%s '66.. AmT&T 414839 AmT&T5%s 43 Am T F 2%s-55'38-' Anaconda deb 4348 Anglo-Chil Nit 78’67 Armour(Del)1st 48’65 Armour (Del) 4857 A T&S Fe 4s 05-'55 A T&S Fe gen 48’95 A T&S Feadj ¢ A T&S Fe gn 4895 rg. A T&S Fe 4%s 48 Atlanta & Birm 4s°33 Atl Coast L 1st Atl Coast L clt AtICLun4l%s Atl Coast Line 68 '45_ At1G & W 1st 58°'59__ 1074 107% 1117 111% 106 105% 109 109 109 108% 29 29 103% 1033 96 95% 921 92Y% 104y 104y 74 74 105% 0% 111% 83 B &0 PLE&W VAss1 B & O Swn 58 60 Bang&Aroos 4s'’518tp Bell T of Pa 53 48 B Beth Steel 3%,8 66 _ Beth Steel 4% s 60 Bos & Me s '55 Bos & Me bs 67 Bot Con M 6%s ‘34 Bot Con M 6145 ‘34 ct Bklyn Ed con 3% '66 Bklyn Man T 41,8 66 Bklyn Un EI bs ‘50 Bklyn Un Gas 58 45 Buff R&P con 41,857 Camag 7s 42 ctes Can‘dian NR 4%s ‘67 Can'dian NR 4%u ‘55 Can'dan N 58'69 July Can'dian Ndb 63846 Can'dfan P db 48 perp Can'dian Pac 4138 46 Can‘dian Pac 4%s ‘60 Can'dian P 6844 cfa_ 90 1021, 114 834% 24 112% 115% 115% 8314 227 112% % 115% 115 1244 124% 931 9314 104% 104% 102% 103 114% ll’( 104% 108 114% | 111 Cent ref 4855 THE EVENING" STAR, WASHINGTON, N. Y. STOCK High. 101% 82 Low. Close. 101% 101% 82 82 27 27 267 274 Ty 102 102 69% 47 109% 98 123% RO 977 Car & Gen 6850 ww. Carth & Ad 4s ‘81 gtd. CentBrUP4s'48 __. Cent of Ga con 5s '45_ Cent of Ga 6859 C__. Cent Il BE& G 6851 Cent N England 4s'61 Cent of NJ gn 58'87rg. Cent Pac 1st rf 45 49 Cent Pac 53 '60 _ Cént Steel 8541 Cert'd deb 535 48 __ Ches & O 2145 '96 D__ Ches & 0 3%s 96 B _ C& O R&A 18t 45'89_ Chi B&Q gen 4s ‘58 Chi B&Q 4145 77 _ Chi B&Q ref 68 '71_ Chi B&QI div 3%s 49 Chi & E 111 55 ‘61 ctfs. Chi Grt West 4s ‘69 Chi 1&L gen 65 ‘66 CM&StP6s'7 CM&StP&P adj5s2000 Chi & NW 4158 2037 Chi & NW 41682037 C Chi & NW 43,849 _ Chi & NW rf 55 2037_. Chi R 1&P rf 4s 34 _ Chi R I&P rf 4w3dctf. Chi R I&P gen 4388 Chi RI&D 45 ‘88 ctfs_ Chi RI&P 4343’52 ctf. ChiR I&P 4%s8 60 _ Chi T H&S 18t 6560 _. Chi T H&S Inc bs '60- Childs & Co 08 '43 Cin Un T 3%s D gtd Chi Un Sta 3%s 63 B | Chi Un Sta 45763 | Chi & W In con 4s '52 Chi& W Ind 4%s 62 Cin Un Term 5 CCC& 2 1061 1081 1101 2 1041% 1024 1063, 117 9315 10915 10214 107 109% 1064, 117 9374 110 10215 10714 1093% |ClevEI 111335765 _ Clev Un Ter 434 714 Clev Un Ter 58’ Clev Un Ter ‘(,nl\m bia G & 5 2 April Columt 101 4G &Ebs '52 May == Columbia G&E 58 '61 Colum Ry P&L 4s'65 Colo F & I 5s 70 Colo & So 4% '80 Comel Credit 318" 1 1001, 99 105% : 10474 Cons Gas NY 4%s'51 107 | Consol 011 3358751 108% Consum P un 33865 1033 Consum Pwr3%s°70_ 1 Container deb 5s'43_. 101'x Crown Will P 68’51 __ 105% | Cuba Northn 516842, 485, | Cuba RR 1st 5552 5004 Cuba RR ref T14s '36_ 61% Dayton P&L 318 '60_ 1041, Del & Hud ref 4s 43 __ 91 Den & R G con 4s '36_ Den & RG 412836 Den & RGW 6s'65asst Den & R G ref 5578 Det Edison 318 ‘66 __ Det Edison 48 ‘65 F Dow Chemical 3s '3 | Duquesne Lt 3%s " ETV&Gacnis Elec Auto Lite ¢4s 105% 104 107 1031 10315 1021, 1014 1054 48% 5013 61 104 208 10415 111 1024 106 114 10915 rie cons 4s 06 rie gen 4s 96 _, rie ref 5867 rieref 58°75 airbks Morse 4s ‘56 Fed LI&Tr 5s 42 Ied Lt&Tr i Fla EC Ry 53 1031, 10175 2 1011, | Fla ECRYy 5s Gen Am Inv Gen Mot Acc 3 Gen Mot Acc 3%s '51. Gen Stl Cast 5328 '49_ Goodrich 4% ‘56 Goodrich 6s 45 _ Goodyear T&R b8 '5 Grt Nr Ry 3%8'67 Great N Ry 48 46 G __ GrtNRy4s'46H GtNRgn 418’76 D GrtN Rgn 448’17 E GrtNR5%s 652B __ Green Bay 65'62 B Gulf M & N 63 50 Gulf Sta Stl 43861 Gulf States Util 45'66 Hock Val 41 '99 ___ Hoe (R) 18t mtg ‘44 __ Houston Ofl 538 °40_ Hudson Coal 63’52 __ Hud & Man inc 68’57 Hud & Man ref 68 ‘57 [11 Cent col tr 45’53 __ I11 Cent col tr 48°52__ 1018 10214 10178 7R 101% 1041y 1047 109% 106 105% 1024 467y 25y 63% 111 Cent 4% 66 ICC&St L N O 414863 111 Steel deb 41:8 40 Inland Stl13%s8 61 __ Int Agr-cl 5s 42 stp Int RT 18t rf 6866 LRT istrf 5s'66 ctfs Int R T 6s'32 IntRT6s’ Int RT 7s'32 ctfs Interlake Iron 48 '47_ Int Grt Nr 58 56 B___ Int Grt Nr6s'52 A ___ Int Grt Nr adj 68'52 A Int Hydro Elec 65°44. Int Mer Marine 68 ‘41 Int Pap 1st 5347 A __ Int Pap ref 6s°'55 IntlRy CA 61538 "47_ Int T&T cv 44839 Int T&T 41,8°532_ Int T&T b8 '55_ Iowa C 1st&rf 48 '51_. Jones&L Stl 4% s'61A Kans C So 1st 3s ‘50 Kans City So ref 58'50 Kresge Found 48 '45_ Laclede Gas 68°39 __ Laclede G 6%s'53 C_. Laclede Gas 6842 A_ Leh Val Coal 5554 __. Leh Val Har 5s 54 Leh V P con 485 2003 Leh V Pcon 4%;s 2003 Leh V RR con 58 2003 Leh Val Ter 55’41 reg Long Isl rf 45749 stp Lorillard 7s 44 _____ La & Ark 55 69 Louisv G&E 315866 L & Nash 3%s 2003 __ L & N 1st 452003 L & N unif 45°'40 L&NStL3s'80 Manati Sug 7%8'42 Man S 1st 714 s'42ctfs Manhat Ry 45’90 Manhat Ry 4s ‘30 ctfs Met Ed 1st rf 434868 Mil E] R&S L rf 58’71 Minn & St L 58 '62 A _ MStP&SSM cn 4s ‘38 MStP&SSM bs '38 gtd MStP&SSM 53878 Mo I11 68 '59 _ o MoK&T4s 62B MoK & T 1st 48 '90 Mc K& T 4%8'78 MoK &T5s 62 A MoK & T adj 68 '67_.. Mo Pac 43°76. Mo Pac 6s'65 A Mo Pac 5877 F Mo Pac bs 77 F ctfs._. Mo Pac 5818 G Mo Pac 6s'80 H Mo Pac 68’80 H ctfs. Mo Pacific 5s 81 1. Mo Pac 5%s 49 A Mob & Ohlo 41,877 Mob & Ohio 5s'38 Monong Pub 8 414s'60 Monong Ry 1st 4s Mont Pwr 8%8°66 Mont Tram bs 41 Morris & Es 3%s 2000 Morris&Essex 448’556 Morris&Essex 58 '55 - Nashv C&St L 4878 _ Natl Dairy 3%s'51ww Natl Steel 43 65 _ _ Natl Dis P C 434845 New Jer P&L 4145 °60 New Orl PS 6852 A New Orl P S 5s 55 B New Or Ter 1st 48°53 New Orl T&M 4856 New Or T&M inc5s'35 New Orl T&M 5s ‘654 B ew Orl T&M 58’56 C New Orl T&M 5128’54 N Y Central 8%s '52._ NY Central 3% s 46 NY Cent 4842 NY Centcon 45°98 __ NY Cent rf 4145 2013_ NYCrf4%s2013n_ 2013 1051 1001 6214 61% 1001 S 1001, 65k 104% 86 RT2y 104 1015 1013 95U 954 100 100 1067 1067 8815 88l 64 69 65 66 414 431 38 38 107% 107% 102 102 4% 4y 20 871 8T 69 69 8% 781 68 68 16% 17 3915 3914 387 398 Sl gl ol NYC&St L 1at 48'31_. 1004 10044 1004y 4 {Pac Gas & F13%% 66 | Purity Baking 5848 | Republic St1 4168 '50_ | Revere Cop 4% | Un Oil of Cal 31, EXCHANGE High. B8bY 98 Low. Close. 858 85% 97y 97T 98y, 99 597 697% 101 101'% w 100% 10114 100 35 35 40% 59 40% NYC&St L 4148'78 __ NYC&St L 6%s8'74 A_ NYCh1 & St L 6s°38 NY Dock 68'38 _____ NY Edison 3% s'65 D. NY Edisref 31,866 NYLEWn5l;s'42_ NY NH & H 48 °47_ NY NH & H 4855 NY NH & H 41,867 NY NH & H el tr 6s'40 NY NH & Hcv 6348 NY NH & H Cons Rys 48’55 J & T g NY O&W gen 48°'55__ NY O&W ref 4s 92 NY Steam 68’56 __ NY Steam 1at 6347 NY Tel gen 41,8°39__ NY.Tr Rk 63 ‘46 stp__ NY W&B 415846 __ Niag Sh5%s'60 ___ Norf & W 1st 48’96 __ North Am Co 6861 North Am Ed 55 '69 C North Am Ed 51,s'63 Nor'n Pac gen 3s 2047 Nor'n Pac 48 '97 = Nor'n Pac 41,5 2047 _ Nort'n Pac 6s 2047 C_ Nor'n Pac 65 2047 D_. Nor'n Pac 6s 2047 Ohlo Edison 4s 65 Ohio Pub Sve 7847 Oreg Sh Line 55°46 Oreg W RR 4s 61 Otis Steel 41486 3315 14% 214 105 10615 1063, 89 1214 102'% 117% 105 103 1047 4 10674 891 ¢ 1215 102 116% 105 102 1043 741, 1051 977x 101% 102 11015 104% 11114 118% 106, 907, 993, 1025 107Y% 1043 102 102 1108, 104% 111 1183, 107'% 9Ny 99% 103 1074% 974 101% PacG & E3%8 61 PacG & E 4564 Pac Mo 1st 45'38 Pac T&T 3% '66 C Param’t Pic 31,847 . 967 Paramount Pic 6s'65. 100% Penn Co 48 '63 5108 Penn O & D 414877 104 Penn P& L 41:8°81__ 10214 Penn RR34swi ___ 107l Penn RR3% 8" - 100 10814 1081y 111% 103 113% 1181 107% 974 1013 9634, 100% 103 104 102 107 997« 1081, 1081, a9 1111 Penn RR &n 416865 Penn RR deb 4% 70 People GL&C rf 655'47 People G L Pere Marq 1st 45 3 Pers Mara 4%s 8 Pere Marq 1st 5 Phelps Dodge Thila B&W cn JS | Phila Co 55 °67 Phila Elec 31867 __ Phila & R C&] 68°7 Phila & R C&1 6549 Philipnine Rv 4s°37. PCC&St L. SB_._ Port Gen El 9‘1l fifl Postal Tel & C s ' Potomac F1 P3Ys flG 103% 98 9515 107 10674 108 180 98 971 Reading Jer C 48 '51_. Reading R 412897 A Reading R 4128’97 B Rem-Rand 41, s'56ww Republic Republic Republ Stl 4198 °56 Stl 4168 °61 t15%s 1 56 __ 10314 Rio G W col 4349 A 341y Saguenay Pw 41,8 66 1007 StLP&NW §s " ¢ | St L- St L-S & St L-SF 47,878 of st 5 W Ist 4589 San A & A Pass 4s’ San Diego CG&E4s'65 hulco 6125'46 B stp abd A L 48’50 stp_. Seabd A Lref 4559 __ Seabd A Ladj 58'49__ Seand A L 6345 A 22 81 10175 1088 | Seabd A-F169'35 A ct Sharon Stl cv 414851 Shell Un deb 3135 '51. Skelly Oll 48’51 Socony Vac 313550 _ South Bell T&T 65 '41 Southn Cal Gas 4s'65 South Nat G 4148 °'51_ So Pac3%s 46 So Pac col 48 '49_ So Pac ret 48 '55_ So Pac 435 '68._ So Pac 44869 So Pac4%s 81 So Pac Oreg 438°17_. So Pac S F Ter 48 '50. So Ry gen 48'56 A___. So Rv 63'94 _ So Ry 61:8°56 SoRyM&O4s'38___ S W Bell Tel 3345 '64. Southw’n G&E 4860 Staley A E 4s 46 _ Stand O1l N J 3561 Studebaker cv 68 '45 Swift & Co3%s'50__ Tenn C&C 65’44 B Tenn El Pw 65 47 A Term Asso con 65 '44_ Texas Corp Texas & N ( Tex & P MPT 5% '64 Third Av ref 4s 60 Third A ad in ex 5866 Tide Wat Oil 3145 Tol & Ohio C 335 '60. 106 103% 91 116 104% 107y 1091 1091, 467 467 161 16% 100% 1007 105 105 111 i1t 11814 97 963 114 1078 97 27 107 994 10284 53 54 10214 23 Un Ofl of Cal 63°42 A Union Pac 315,8°70 Union Pac 3138'71 _ Union Pac 1st 4847 _ Un Pac 1st rf 45 2008 United Drug 5s'53 Utd Rys St L 4834 U S Rubber 6s '47_ Utah L& T 58 44 A_. Utah P& L 5844 Util P& L 6359 ww_. U1 P& Lb6%8"47 Vanadium cv 5s'41__. Ver Sug 1st 75'42 ctfs Va E& P 1strf 4s'65 Va Rv Ist 33, s 66 A_. Va S W 1st 55 2003 Wabash 413878 Wabash 1st 58 °39_, Wabash 2d 5s '39. Wabash 5%s 75 ____ Wabash Oma 3%s"41. Walker HES 435 '45. Walworth 48 '55 Warner Broscv 6s'39 Warner-Quin 6839 __ Warren Brev 6s” Westchester L West Penn P 315 W Sh 1st 4s 2061 gtd._ West'n Md 1st 4862 Westn Md 51,8°77 Westn Pac 55 46 A West'n Un 4%s8°'50 _ Westn Un cl tr 58 '38. Westn Un 58 '51 West'n Un 68 '60 Wheel Steel 415866 W Sp Stlcon 7s 35ct Wilkes B&E 1st 5542 Wilson & Co 4555 . WisCS&DT 48’36 Wis Cent 1st gn 4s'49 Wis CS&DT 4s'36 cfs ¥'ngstn S&T 33851, Y'ngstn S&T 4s NOBLITT-SPARKS NETS $432,997 IN HALF YEAR By the Associated Press. CHICAGO, July 22.—Noblitt-Sparks Industries, Inc., Columbus, Ind, re- ported today first six months net profit of $432,997, or $2.26 a common share, compared with $342,193 the cor- responding 1936 period. The latter was $2.28 a share on the smaller number then outstanding. No allowance was made for surtax on un- distributed profits. The company manufactures suto- mobile accessories and radios. 102% i MARYLAND CASUALTY PREMIUMS UP SHARPLY By the Associated Press. NEW YORK, July 22.—Gross prem- iums of Maryland Casualty Co. for the first half of 1937 amounted to $15,- 768,994, an increase of $957,206 over the same period last year, according to Silliman Evans, ehnrmnn of the board. RUBBER FUTURES. YORK. July 22 (P.—Orude rub- bor Fatures onéns Lre)y siends. '8 1o 18 13 £ BEana B0, S Sgim | Income taxes and other charges, equal * | panies D. C, THURSDAY NET OF PHILLIPS PETROLEUM SOARS Half Year’s Profit Reaches $12,679,080, Compared to $7,336,302 in 1936. By the Assoclatea Press. NEW YORK, July 22.—Phillips Pe- troleum Co., a leading producer, re- finer and marketer of crude oil, re- ported net profit for the six months ended June 30 of $12,679,080 after charges, equal to $2.85 a share, against $7,336,302, or $1.77 a share, in the same period last year. Directors declared a dividend of 50 cents a share and an extra dividend of 25 cents, payable September 1 to stock of record August 6 Union Carbide & Carbon. Union Carbide & Carbon Corp,, with over 160 principal plants scat- tered over the United States, reported net income for the quarter ended June 30 of $10,505,140, after interest, depreciation, taxes and other charges, equal to $1.17 a share on 9,000,743 shares. This compared with $7,936,- 660, or 88 cents a share, in the like 1936 period General Cable Corp. General Cable Corp., copper wire manufacturer with principal plant at Bayonne, N. J. reported net income for the quarter ended” June 30 of | $1,068,924, equal, after dividend re. qQuirements on the preferred and “A” stock, to 79 cents a share on 550,730 no par common shares. This com- pared with $314,171, equal, after pre- ferred dividends, to 14 cents a share on 368,353 no par shares of class “A," in the June, 1936 quarter. National Malleable. National Malleable & Steel Cast- ings Co. reported for the period April 4-July 3 net income of $746.279 be- fore provision for Federal undistrib- uted profits surtax, equal to $1.58 a share on the capital stock. This compared with $471,388 or 99 cents a share in the corresponding period of 1936. The company’s plants are at Cleve- land and Toledo, Ohio; Chicago, Ill.; Sharon, Pa; Indianapolis, Ind., and | East St. Inms_ 11 Chesapeake & Ohio. Chesapeake & Ohio Railway Co. reported net income for the six months ended June 30 of $15462,607, after after dividend requirements on the preferred stock to $1.98 a share on the 7.657.675 shares of common. This compared with $17.867,218, equal after dividends on the preferred stock then outstanding to $2.33 a common share |in the same period last year. Penick & Ford. Penick & Ford, Ltd., ers of sirups and sugar, cipal plant at Cedar Rapids, Iowa, reported net loss for the quarter ended June 30 of $54.340 after taxes and depreciation. This compared with net income of $304,775. equal to 82 cents a share on 370,000 no- par capital shares in the June quar- ter of 1936. Johns-Manville Corp. \ Johns-Manville Corp. and subsidiary companies, reported net profit for the sixth months ended June 30 at $2,811,- 333 after all charges and provision for depreciation and depletion and income tax accrual, equal to $3 a share on 850,000 shares of common stock. This compares with $1,474.901 in the same period of 1936, or $1.43 a share, on the basis of present capitalization. Nash#Kelvinator. Nash-Kelvinator Corp. reported to- | day earnings for the six months ended | May 30 totaled $2,700,443 cludes earnings of Kelvinator division from January 4 only. While consoli- | dation was not effected until January | 4, combined earnings of the com-| for similar period last year | would have shown $2.010.533. " Directors declared a dividend of 25 | cents a share, payable August 20 to | | stock of record August 2 National Distillers Products Corp. re- ported net profit of $2,792,938 for the six months ended June 30. against $2,- 760,448 for the first half last year. Profits were equal to $1.37 a share of | capital stock, against $1,35 a share for the 1936 period. Indicated profit for | the quarter ended June 30 was $1,367.- 930, equal to 67 cents a share, against $1.410.814, or 69 cents a share in the June quarter last year. Lone Star Cement. Lone Star Cement Corp. reported for quarter ended June 30 consolidated net | profit of $1,188,733, equal to $1.23 a share on 967,095 shares of capital stock. This compared with $746.981, or $1.10 a share on 678,791 shares in the June | quarter last year. manufactur- with prin- | JOHN R. THOMPSON CO. REVEALS $50,246 LOSS By the Associatea Press. CHICAGO, July 22—John R. Thompson Co., national restaurant system, reported first six months’ loss totaled $52,060, compared with earn- ings of $50,346 the corresponding 1936 period. Gross sales were $6,064,948, com- pared with $5,813,821 a year ago. Directors declared a quarterly divi- dend of 12%; cents a share, payable August 16 to stock of record August 5, out of earned surplus. This is the same rate as paid previously. o PARIS BANK CHANGES. PARIS, Jul: (#.—The Bank of Prance statement ‘for the week ended July 16 (in millions of Trance) Gold reserve 48.859 Unchgd. Sight balances abroad __ 13 Unchgd. it paritnces abroad-—- o33 Unchgd: Discounted commercial bills _ —France 8456 —1,162 Temporary advances ~to state (prior to June 18 Tempo Tar; ate, $H56 12.126 " to 18, =, '10.000 Temporary _advances state (under new articles Tecently voted) _______ 1.760 *No camporiso! Advances against securities_4.160 rculation 88414 otal credit to current sccount 30-day advances against government securities Rate of discount. 5 per cent. advances since June 12.168 Investments First mortgage notes, :un‘ praised, new bnlllin.l in Washington and neer- by Marylend. Denominations eof $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Botablished Nearly 40 Tours LONDO! | England statement G This in- | JULY 22, 1937. FINANCIAL. %y A—17 INVESTING COMPANIES NEW YORK, July 22 (#.—New York Security Dealers' "Association Closing quotations.) Asked Admin Fd_oud_Inc N Am' Business Shrs Am Gen Eq Inc Am Ins Stocks Behcamner Biair ankers Nat Inv Cor Basic Industry 2 Boston hmd Broad 8t Inv Bullock Fund Corporate Trust Corporate Trust i 10.00 4375 Inc Accum Ser _ Corp Tr Acc Mod Cumulative Tr Sh Depos Bk Sh N Y “A" Depos Ins Shrs A’ Depos Ins ‘Shrs “B"_ Diversified Tr C Dividend ~ Shrs Equity Corp i3 pf Fidelity Fund Inc First Boston Corp Fiscal Fund Bank Shrs Fixed Trust Sh A Fiscal Fund Insurance Fixed Trust Sh B Found “Ir Sh A Fund Investors Inc Fund Tr Shrs A Fund Tr Shrs B General Capital Gen Investors Group Sec Agrieulture Group Sec_Automobile Group Sec Building Group Sec Chemical Group Sec Food Group Sec Inve: Group Sec Mer Group Sec M Group Sec Petroleum Group Sec R R Equip Group Sec Steel Group Sec Tobacco Huron Holding Incorp_ Invesiors Instl Sec. Bank Group Instl ‘Sec. Insurance Investors Fd “C" Inc Keyston_Cust Fund B-3 Major Shrs Corp Maryland Fund _ Mass Invest Tr Mutual Invest Nation Wide Sec o Nation Wide Voting Corp T r S . Bk Stocks Bldg Supply Elec Equip Insurance . Machinery R R Equip . Steel = North Am Bond Tr cits Am ar 2 NoF Am 15 Sh 102 Plymouth Fund Inc Quarterly Income Sh Schoellkop{-Hutton & Pom Selected Income Sh Spencer Trask Fund Stand Am Tr Sors Stand "Uul I Super o Am T) Super of Am Super of Am Super of Am Super of Am Siper of Am Tt Supervised Shrs Trustee Stand Inv C Trustee Stand Inv D .02 Irusi Am B Trusteed Indusiry Shra Wellington Fund A AA_ BB c D 98 it DIVIDENDS ANNOUNCED NEW YORK. July 22 —Dividends de- ¢lared. prepared by the Standard Statistics Accumulated. Pe- Stock of Pay- | Rate. riod. record. abie. | S1.75 316 9-30 | 85 5-16 Crue Steel pf Cuban Am Sug pf $250 Contin al 930 Phillips P 9-1 Increaced. a0e Byron Jackson Baton Miz Resumed. Animal Trap of Am 25c _ Recular Abbotts Da 2 Am Re-1 Am_Sug Ref Do. pf cal Wat ¢ Continental 01l Diem & Wing Pap 5% b Dom’ By Globe % Pt € Gurd. C A & Co of $1 Hale Bros Strs Liggett & M Tob Do. 000 © “Kels Neptune Merer §8 of ~25 Thomson. Jr Co 12} DDXP0 ©OD 0O 0O C German Credit Sienode Steel Btrap 6 Signode Steel “Per allotment u'uncule LONDON BANK REPORT. N #.—The Bank of or the week ended July {in {housands of pounds) Girculatio; 3 o0, July 22 — . = VICE PRESIDENT NAMED. NEW YORK. July 22 (#—A. P Blumenthal, made a director of Grand National Films at the annual stock- holders'’ meeting, was elected a vice president at subsequent organization meeting of the board REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9! REFINANCE AT 4',% ON CITY CENTRAL BUSINESS PROPERTY Ease your mind for 10 years. Construction loans on busi- ness property also invited SHANNON & LUCHS Mortgage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. N.W. Natl. 2345 Sharp Drop Seen In Construction Awards of Week E¥ the Assoclated Press. NEW YORK, July 22.—Engineering | 3 construction awards dropped sharply | for the week ended July 20 to the lowest figure recorded for the year, Engineering News-Record reported to- day. and $50,992,000 a year ago. The de- crease was said to be due to fewer large projects going under contract and a slight drop in the number of projects Details follow: V7K. Jul: y Year ago F15.669.000° Privalc $17,164.000 | State and mu- nicipal Federal 12,850 000 167,000 16 18 5 1% 000 5.000 | NEW YORK BANK STOCKS | fe:c: NEW YORK. July . —New Securit v Dealers’ ‘Association (Quotations as of 2 o'clock.) York Bk of Man (1',) T Manuiacturers’ Tr (2 turer's Tr pf (2) RAILWAY INCOME. NEW YORK. July 22 (.—Net operating income (before fixed charges ar of railways rep the month of June included LONG TERM Mortgage Loans Bank bonds Rate vealers to ) in doilars and thirty-seconds Pet FEDERAL LAND BANKS NEW YORK, July 22 (#).—Federal Land Maturity Bid e. M1 Asked. 1041, 1013 1025, 1011 10 CHICA Deparimen h The total of $30,695000 comparPd"'w;“’;;{‘“ with $59,437,000 the preceding week |aj5 270 d0d lll\l)nnr.lhu 0 po packing sows to 11.25 calv W Wednesday's 1°414-pound Rrassy steers dowr e 13 Relected 5.000. including Spring lamb, few choice to medium 1o good sheep steady. slaugne 10 50 small U. s. TREASUBY NOTES. NEW YORK. July 22 Prices quoted Month 5% == Monthly Payments of $6.60 on each $1,000 borrowed, include interest and pay off loan in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 66237, of appraised value. ® Valuable prepayment privi- leges. Other plans of financing first mortgage loans available H. L. RUST 1001 Hifreenth St. COMPANY NAtional 8100 This insidious looking soul at least looks comfort- able, if not well-dressed . . . but the deft hands of our tailors can occomplish both by the simple procedure of ‘‘reproducing’’ coolest Summer fabrics fortune to weor. Select you in the lightest and it has been your good from scores of patterns ot prices unusually interesting for quality custom- (Lo MMA SANe tailoring. STE N 510 ELEVENTH ST. N.W. REAL ESTATE LOANS On Improved propertyin D. C. and Arlington County, ¥ a. v RELIABLE (] OFFICERE™ Charles Kattelmann__. Arthur C. Balser. Wilfred H. Blanz_ Guy M. Neely _ ASSETS TELEPHONE LL 0130 NO COMMISSIONS RENEWALS UNNECESSARY A pplications invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. finance, build or remodel—See us. President Vice President Before you re- The American has been helping the people of Washington to aequire homes for the past 63 years. Ameriran Building Assoriation 300 Pennsylvania Ave. S. E. OVER $9,700,000