Evening Star Newspaper, July 22, 1937, Page 18

A—l1 D.C. AUTO TOTAL CLIVBS SHARPLY 1936 Registrations Placed at 181,319, Compared to 171,464 in 1935. BY EDWARD C. STONE. ‘The amazing increase In the num- ber of automobiles in use in Wash- ington and surrounding territory, as well as their importance to the busi- ness life of the Capital, are vividly pictured in the 1937 edition of Auto- mobile Facts and Figures, recently dis- tributed here. New high levels were reached by the motor industry in 1936 and the first four months of 1937, the book published by the Automobile Manu- facturers’ Association states. During the first four months of 1937 retail sales of passenger cars and trucks in the United States chalked up a new high for the first four months of any year. Total motor vehicle registrations five the District of Columbia’s total as 181319, In 1931 the city had 173,519, in 1932, 161.176; in 1933, 149.790; in 1934, 163,070, and in 1935, 171,464, In 1936 Maryland reported 378.472 registrations, and Virginia had 417, 463. West Virginia reported 280.015, North Carolina 504,517 and South Carolina 278,829. Passenger cars alone in the Capital in 1936 saw registra- tions reach 162,922, while truck totals mounted to 18.397. Motor vehicle registration receipts held up well throughout the depres- sion. Such receipts in 1931 totaled $623,466, remaining above that figure every year until they summed up to $963,000 last year. The Capital's gasoline tax receipts in 1932 amounted to $2,035497 and at the end of 1936 had gone up to $2,382,000. The total gas tax receipts for Washington from 1909 to 1936 was $20,306.679 Until 1932 the Capital had no trail- er registrations, the total that year being 607. 1033 the total had climbed to 1,112. in 1934 to 1,169, in 1935 to 1,377, and by the end of 1936 had gone up to 1.843. Trailer reg- istrations in Maryl broad advar the book states. $25,000,000 Issue Due Soon. Building and loan association offi- cials in Washington are showing a good deal of interest in the Federal Home Loan Bank system's coming offer of $25,000.000 of debentures, to | be placed on the market some time next week The last issue of Home Loan Bank | debentures was offered in May and | paid 1'; per cent. It is probable that the rate on the forthcoming issue will be lower than that. Build- ing and loan associations in Wash- ington make their subscriptions through the Home Loan Bank at ‘Winston-Salem. It is expected that the new issue will be due in slightly | less than a year, although all the| details have not yet been' settled. Early in May, the Federal Home Loan Banks sold the first block of $25,000,000 113¢, debentures. These securities, due in one year, were priced at par and attracted largescale buy- ing orders from commercial banks and others. They have commanded 8 premium since that time and are now about on a basis of 0.80% bid and 0.737 asked. Until that operation, the Federal | Home Loan Banks had obtained funds solely through subscription to their capital stock by the United States Treasury and member, institutions. These member institutions comprise | building and loan associations, savings | and loan associations, co-operative | banks, homestead associations, insur- ance companies and savings banks. Seventeen Washington building and loan associations are connected with | the bank at Winston-Salem, of v\hxch. E C. Baltz of the Perpetual Building | Association, is vice chairman of the | board, Finance Stock Offered Today. Johnston, Lemon Co. of this city | and three other underwriting firms are offering today 20,000 shares of $2 cumulative dividend preferred stock of the Seaboard Finance Corp., priced at $30.50 a share. The stock is being sold through a prospectus. The Sea- board Finance Corp. has many offices in important cities in Virginia and has recently engaged in a good deal of business expansion. The preferred stock is convertible | into $1 par value common stock at the | rate of three common shares for one | preferred until December 31, 1939, and | two and one-half for one thereafter until July 1, 1942 Rail Checks Received Here. The large number of Washington holders of Pennsyivania Railroad stock | received dividend checks for 50 cean{ 8 share in the morning mail. The | checks covered the dividend declared | on June 10 to stockholders of record | on June 21. It was the 205th dividend | paid by the company. The matter of | dividends will again be given con- sideration toward the end of the year, when the results of the year's full operations will be more definitely known, said the letter accompanying the checks today. By that time, the letter says, the effects upon earnings of ‘excess crew’ laws enacted in various States served by the company, wage and rate prob- lems, other legislation and taxation, and general business conditions, can be more definitely ascertained, Bonds Listed on Exchange. The issue of $200,000 Columbia Country Club first mortgage 4! per cent bonds, due June 1, 1957, was listed on the Washington Stock Exchange today. The opening bid was 103, with none offered at any price. The bond listing was the first since Lincoln Serv- ice Corp. common and preferred stocks ‘were put on the board. Capital Traction 5s sold on the ex- change today at 85 and $1,000 City & Suburban 5s came out at 76. Capital Transit stock was unchanged at 10%j, A small sale of Potomac Electric Power 5!, per cent preferred stock was recorded at 113. Financial District Notes. E. C. Baltz, secretary of the Per- petual Building Association, will ad- dress the North Carolina Building and Loan League at Charleston tomorrow. The report of Incorporated In- vestors for the quarter ended June 80, 1937, shows net assets of approxi- mately $71,000,000, compared with net assets of approximately $77,000000 as of December 31, 1936. During the first six months of the current year, realized profits amounted to over $2,000,000. *Gross premiums of the Maryland Casualty Co. for the first half of 1937 amounted to $15,768,994—an increase Prev High. 253!*: “1'«. 8314 39% 87y 521 1147 1011, 413, T5is 803, 160 121 174 T 327 148 106 238 308, 335y 994 13'5 1501, 20ty 2914 14% 79 20 798, €915 245 111 111 135 991, 24 25k 14% 13 454 654 18% 358 118, 18% 36L 9 33% 91 34 48% 6 20 87% 381 17 52% 9y 177 129% 100 105 4 13 45% 297 170% 258, 1041 628, FINANCIAL. 1937 Stock and Low. Dividend Rate, 63% Acme Steet (4) 15 Adams Exp (.30g)_. 28 Addressog (1.40)___ 2 Advance Rumley 6414 Air Reduction (1a)_ 214 Air-Way ELAp 11 Alaska Jun (.60a)_ 2% Alleghany _ Alleg prpf__ Alleg Steel (.80g Allied Chem (6) Allied Mills (2g) Allied Stores (.20a). Allis-Chalmers(1g). Alpha Portland (1) 4 Amal Leath = Amal Leath pt (3) Amerada (2) _ Am Ag Ch Del 2% Am Bank Note(12g) Am Bank N pf (3) - 4 Am Brake Sh(1%g) 25 Am Brake S pf 5% - 90% Am Can (4a) - 152 Am Can pf (7) 46 28 115 98 13% 35 304 215 Am Car & Fy (%g)- Am Chain & C(1g). Am Chain pf (5) Am Chicle (4a) Am Colortype m Crys Sug pf(6). Am Encaustic Til _ Am & Foreign Pow_ Am & F P $6 pf Am & For Pw §7 pf 31, Am & For Pw 2d pf. Am-Hawaiian S (1) Am Hide & Leath Am Hide & L pf (3). Am Home Pr (2.40). Am Ice Am International - Am Locomotive % Am Loco pf Am M & Fdy (%g) - Am M & Met (.45g). 4 Am Metal (%g)._ 7 AmPow &Lt AmP &L $5pf (5)- AmP & L $6 pt (6) . Am Rad & St S(.60) Am Roll Mill(1.10g) Am Seating (%g) - Am Shipbldg (2a) _ Am Smlt & R(2%g) '« Am Snuff (3a) ____. Am Stl Fdrs (1g) - Am Stores (13(g) - Am Sugar Ref (2) Am Sugar pf (7) Am Tel & Tel (9)_ Am Tobacco (5) _ Am Tobacco B (5) Am Tob pf () Am Type Fdrs Am Wat Wks ( fiflg Am Woolen Am Wool pf (2k) AmZine L& S Am Z&Ld pr pf 13,8 Anaconda (%g) - Anchor Cap (.30g) Anchor Cap pf 61y Armour Del p Armour 111 (.558) Arm 111 pr pt (6) Armstrong Crk(1g) Armstrong July 30 Arnold Const (%g). Artloom % Asso Dry Goods _ Atch T &S F Atchison pf (5) Atlantic Coast Line. Atlantic Refin (1) Atlas Corp (.80) _ Atlas Corp pf (3)_ 2 Atlas Pow (1%8)_ Atlas Tack (%g)- Auburn Auto Aviation Corp._ Baldwin Loco (r) - Baldwin Lo pf (r) _ Baldwin Loc asd(r) Balto & Ohio_ _ Balto & Ohio pt Bang & Ar (212) Barber Co (3% 8) Barker Bros _ Barker pf (23,)_ Barnsdall (1) Bayuk Cigar (% Beatrice Cr (1a) Beech-Nut P (42) __ Bendix Aviat (348). Renef Lin (1.327;g) Best & Co (212a) __ Bethlehem Stl (15). Beth St15% pf (1) Beth St177% pf (1) . Black & Deck (%g). Blaw-Knox (.458) . Elumenthal (21e) _ Boeing Airpl Bohn Alum (3) 3 Borden (1.60) Borg-Warner (2)__. Eridzeport Br .40g Brigss Mfe (1128)- 1281 115 15k BKlyn-Man pf (6)_- Bklyn & Queens Bklyn Un Gas 2.30g. Brunswick-Bal__ Bucyrus-Erie__ Budd Mfg Budd Wheel (.20g)_ Bullard Co (1) = Bulova Watch ({a) Burlington Mills(1) Burr Ad Mch(. s,n Bush Term (r) - 127 Butler Bros (.60) __ 284 Butler Bros pf(1%) 415 Butte Copper & Z. 17% Byers Co 67 Byers Co pt 25% Byron Jack (12¢) 354 Calif Pack (11;a) . 2% Callahan Z-Ld 12 Calumet & H (%§) 24 Campbell Wy (1) 2315 Canada Dry G Ale__ 11% Canadian Pacific 47 Cap Admin pf A(3) 6% Carriers & Gen .1 138 Case (J 1) 112 Case (J 1) pf (7) 85 Caterpillar Trac(2) 1024 Caterpillar T pf (5) 26% Celanese (1%:g) 30 Cent Aguir (13;a)_ 615 Central Fdy 96 Cent 11 LUDf (415). 60 Cerro de Pasco (4)_. 1113 Certain-teed 4815 Certain-teed 6% pf- 35'3 Champ Pap & F (2). 107 Champ P & F pf (6) 67 Ches Corp (3) 50% Ches & Ohlo (2.80a 2 ChiGt West (r) 24% Chi Mail Or (1%a) _. 1% Chi MStP&P (1) . 3% Chi M St P&P pf(r). 3 Chi&NW (r). 21 Chi Pneu Tool- 3% CRI&P 6% pf (r). 44 CRI&P 7% pt (r). 14 Chi Yell Cab(1%g)- 9% Childs Co 94 Chrysler (3%g)_ 174 City Ice & F (2) - 80 City I&F pf (6%5).. 6% City Stores ___ 321 Clark Equip (1.60) . 102% Clev E1 Illu pf(4%) 85 Clev Graph Br (1g). 23% Cluett Peabody (1)- 12213 Coca-Cola (2) - 177 Colgate-Palm (14) 102 Colg-Palm pf (6) - 474 Collins & Ak (2a) 163 14% Tia T 308 501 17% 224 4 31 of $957,206 over the first six months of 1036, according to Silliman Evans, chairman of the board. \ ‘ 517 27% 207 101 Colo Fuel & Ir (1g)- 15 Colo & South___ 10 Colum G & E (.20) 80 Col GEE pf A (6)_ 75 Col G&E 5% pf (5)_ 56% Comcl Credit (4) 631 Comcl Invest Tr(4). 120 103% Comcl Inv T pf 4% 2 13 Comel Solv (.60) 2 Comwlth & Sou 46 Com & Sou pt (3)_. 1314 Conde Nast 34 Congoleum-Na (2)_. 197 Consol Afreraft_ 97 Consol Cigar 83! Con Cig p pf ww 614 871y Cons C pf xw (615)_ 311 Consol Edison (1g)- 99% Consol Edis pf (5) 21 Consol Film . 10 Consol Film pf 9% Cons Laundries 1414 Consol Oil (.80a) 105’0 104% Cons Oil pt (5) 4% Consol RR Cuba pf_ % Consol Textile 8% Consol Coal 33 Consol Coal p: 20% Container (1.20) 184% Contl Baking A 215 Contl Baking B 81 Contl Baking pf(8)- 50 Contl Can (3) les— 171% T8y B0Y 1381y 141y 204 + 105 T8 4% 60 108% 120 908, 1314 111 Ty 85 98 531, 31k 153, 501y 2T% 1% 2Tk 1131, 208 20% 50 9 19 1191 274 247 81 34ix 421 245 45k 184 181 121 98 105 384% 32 8% 100% @ ee TS 144 11t 1144 184 84 Th 44 FOU ey s .o, = B2l aCawlaBommn 451 29 162% 19% 102% @ = Add 00. High. Low. Clo! 3 80 8% 80 16 418 42 3 1415 4478 170 1815 9% 1381y 14 19% 108 697x 14 60 1083 12 G0 . 13 11 17% R4ty 98 304 153 501 73 39ty 261, 15% Tl 1181y 20% 208 57 928 1823, 11915 27w 2414 26% 11ty 47 T4 177 121 974% 104% 3% 32 8l 10 iy 144 11 110% 18 83% ™ 434 107% 107% 107% 45 27% 162% 18% 102% 55 38% 17% 13% 88% 8 6244 661 106. THE EVE Net . cha +2 + % - % - % 1% 42% 374 -y 15 e 1 —11 L 17% N‘n 1 159% 391 8l 1801 17 181% 1 163 122%1 15% 5% 45% Prev. 1937 High. Low. 135 130% Stock and Dividend Rate. 36% Contl Ins (1.60a) 2 Contl Motor 89% Contl Oil(Del)1%g. 25 Contl Stl (%g) - 6215 Corn Exchange (3)- 547 Corn Prod (3)- 6 3 /Coty =% 40 Crane Co 18% Crare Co pf (7) 1815 Crosley Rad (1%e). 68 Crown Cork (2) ___ 41% Cr'n C'k pf ww 2 _. 39 Cro'nC'k pfxw 2% _ 16% Crown Zeller 95% Crown Zeller pf (5). 51 Crucible Steel A 15 Crucible St pf 315k 114 Cuba Co S R 8% Cuba RR [1( A 7% Cuban-Am Sugar . 097 Cub-Am S pf (10k) 8»; Curtis Pub B Curtis Pub pf (7) Curtiss-Wright Curtiss-Wright A_ Cutler-Ham (1g) . Davega St pf (1%)_ Dayton P&L pf 415 - Deere & Co Deere & Co pf(1.40) Deiscl-Wem-G (1) -. Del & Hud Del Lack & W _ Detroit 1d (5g) __ Diamond Mat (1a)_. Diam T Mot (12g) .. Dist Corp-Seag . Doehler Die C (1g) - Dome Mines (2a) Dominion Strs 2 Douglas Aircraft _. 2§ Dow Chem (2.60g) . Dresser B (le) Dunhill Int Du Pontde N(2%g) Du Pont deb (6) sastern Roll £ stman Kodak (8) Eastman Ko pf (6)_ aton MIg (13g) Hmlun Sch N Gs(1.60). lec Auto Lt 1.40g lec Boat lec & Mus (.18e)__ Elec Pow & Lt Elec P & L $6 pf_ Elec P & L pf Bales— Add 00, High. 2 39 340e 5 37y 481y 9% 51 reka Vacuum Cl. Exchange Ruffet _ Fairbanks Co Fairbanks pf Fairbanks Mrse(1a) Fajardo Sug (2g) Fed Lt&Trac pf(6). Federal Mot (.10g) _ ederal Screw 2 Federal Wat Sve A § Federat DSt (13,2) Fed D Strpf (414) Phoenix(1.60a)_ irestone (113g) First Nat Strs(213) Flintkote (1) Z losheim Sh A (2) . « Follansbee (r) __ 713 Food Mach (1) Food Mach pf (413) 800e Foster Wheeler ___ 14 Francisco Sugar _ 2 Freeport Sul (1)___ 73 Fuller 2d pf Gair (Robert) _ Gamewell Gar Wood Ind (% g) Gen Am Inv pf (6) Gen Am Trns(113g) Gen Baking (.60) Gen Bronze Gen Cable 4 Gen Cable A Gen Cable pf Gen Cigar (4) Gen Elec (.80g)_ Gen Foods (2) GenG&EIA _____ Gen GRE§% cvpf A Gen Mild (3) 4 Gen Motors (1 l/.g), Gen Mot pf (5) Gen Out Adv__ Gen Pub Sve Gen Ry Signal (1) - Gen Real & Util Gen Real & Ut pt Gen Refract (2h)__. Gen Stl Cast pf Gen Thea Eq (1%5)- Gillette (12g) - 3imbel Bros Glidden Co (2a) 3 Glidden cv pf (2%). Gobel Adolf + Goebel Brew (.20a) - « Gold Stock Tel (6) Goodrich (1;8) ___. Goodrich pf (5) Goodyvear T&R (1g) Goodyr T&R pf (5)- Gotham Silk H Graham-Paige ranby Congol Grand Un pf (114k) Grant (WT) (1.40a) Great Nor Ry pf Grt Nor Ore ct(%&) Grt Wst Sug(2.40a) Green (HL) (1.60a) Greene Canena(3)_. Greyhound (.80) _ Guantanamo Sug .. Guantanamo pf Gulf Mob & Nor_ 131 Hall Print ______ 2514 Hamil Wath (.65g)_ 9% Hanna $5 pt (5) 40 Harb-Walk (1g)__ Hayes Body Hazel-Atlas Gl(5a). Hecker Prod (.60a)_ Hershey Choc (3) _x 4 Holland F (1g) ___. Holly Sug (2% &) _. Holly Sugar pf (7) Homestake M(3g). Houd-Her B (11%) . Household Fin (4) Houston Oil Howe Sound (3a)_ Hudson & Man % Hudson Motor_. Hupp Motor __ Illinois Central 1llinois Cent pf A Indian Refining Indust Rayon (2) - Inland Stl (214g) Inspiration Copper 4 Insuranshar (.10g)- Intercontl Rubber 3 Interlake Iron_ Intl Agricul . _ Intl Asri pf pf (3k)_ Intl Bus Mach (6a)_ Intl Harvestr (213). Intl Harv pf (7) Intl Hydro-Elec A Int Mer Marine Intl Mining (.308) _ Intl Nickel Can(1g) Intl Paper & Pw A _. Intl Paper & Pw B_. Intl Paper & Pw C . Intl Paper & Pw pf- Intl Shoe (2) Intl Silver _ Intl Silver pf (6k) Intl Tel & Tel Interst Dep S 2% g Intertype (.30g) _ 25% Island Crk Coal (2). o ~qeSananar S 12'1 8ix 26y 518, 118 37 581y 381y 13 87 3l 46 31% 120 Johns-Manville (3). 120 Johns-Manv pf (7)_ 117% Jones & L pf (31%4k) 15 KansasCity Sou 25 Kaufmn,Dep 1.20g 12% Kelsey-Hayes A _ 9% Kel-Hayes Wh B 51 Kennecott (28) ___. 14% Keystone S&W (.60) 5 Kinney (G R) 44 Kinney (GR) pf - 4 84 Kresge Dep Stores 105 Kresge D S pf(.20k) 4 20% Kresge (SS) (.60g). 31% Kress (S H) (1.60) _ 18 Kroger Groc (1.60)- 23% Laclede Gas pt 18% Lambert (2) 17 Lee Rub& T (1g) 1% Lehigh Valfey Coal. 8% Lehigh Val Coal pf_ 134 Lehigh Valley R R_. 36 Lehman Corp (1a)_. 14% Lehn & Fink (1%)_. 40 Lerner Stores (2a) - 58% Libb-Ow-F Gl (38)- 255 Life Savers (1.60) 941 Liggett & M B (4a). 59 LimaLoco _. - _ 43% Liquid Carb (2.60) 64% Loew's (2a) - 1 Loft. - 50% Lone Star Cem (3).. 5% Long-Bell Low. 39 lnl': llm' 46 5l 314 110% 110% 4 48 21% 6015 15% 804 3 15% 3n 39 24 NING _STAR, WASHINGTON, Net Close. chge 4878 + 30% + 64 L+ 40+ 'IQI+++I‘0+ L:L {5 ¢ F OFF FFEFEEELR & EX +E++ FEFEFFEFS T D. C, THURSDAY, Prev, 1037 High. Low. 284% 106 20 29% 24%, 143 1615 32% 3% 12% Stock and Dividend Rate Loose-Wil Bis (2) 2 Loose-WB 5% pf(5) 30s Lorillard (P) (1.20) 12 Luldum Steel (1) McCall (2) __ MecCrory Strs McGraw-H(.42%g). Melntyre Porc (2).. McKeesport T (2).. McKesson & Rob __ s & R pf (3) McLellan Strs(%g) Mack Trucks (1) .. Macy (R H) (2a) Magma Cop (114g) - Manati Sugar pf Man Ry mod gtd(r) Man Ry gtd (r) Marine Midl (.40a)_ Ma “ield Martin (Glen). Martin-Parry Math Alkali (1) Mead Corp (log 4 Mead Corp pf (f) Melville Shoe (5) __. Mengel Mesta Mach (2%g). Miami Copper Mid-Cont Pet (34g) Midland Steel (2) Bales— 67 9% 58 26'% 14% 35% 25 4815 3374 122 108 120 164 6% 34 9% 345 6l 121 407y 104 69 46 315 Minn-Hon Reg (3) - Minn-Mol Tmp Minn StP&SSm LI Mission Corp (1g) . Mo-Kan-Texas ____ Mo-Kan-Tex pf Mo Pacific (r) Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch (1g) Montzom Ward (2a) Morrell & Co Mother Lode 2 Motor Prod (114g) 2 Motor Wheel (1.60) Mueller Brass (1a)- Mulllns Mfg B Mullins pf (7) Munsi Murph Murphy pf (3) furray Corp 26 Natl Biseuit (1.60) Natl Bnd & Inv 1.44 Natl Cash Reg(%g) Nat Dairy pf A(7) . Natl Dept Str: Natl Distill ( Natl Gypsum __ Natl Lead (15) 2 &1 C 1) & Lt (60)_ Natl Steel (13g) iy Natl Sup pf (13k) wherry J.J (2.40) wrt Ind (114g) ir Br (1128) Y Central " Chi & St Lpf Y4 Om ' Dock pf ¢ & Harlem (5) " Investors (r) "N H&H (1) " N H & H pf (r) ¥ Ont & West (r) North Am Aviat __ North Am ( 60g) Northern P’acif Norwalk T & R Norwalk 1 (Thio Oil ( Pac Gas & F Pac Mills (1g) Pac Tel & T Pac West Oil (.6 Packard Mot (.15g) Panhandle P&R (r) Panhandle pf (r) Paramount Plet 244 Paramount 1 pf (6) 4 Paramount 2 pf(.60} 16 Park & Tilford Park Utah = Parke Davis(1.40g) Parker Rust-Pr 113 Parmelee Trans Pathe Film Patino Mines Teerless Corp Penick & Ford (1g). Penney (J C) (2g) Penn Coal & Coke Penn-Dixie Cement Penn-Di \wp( A Penn R R (138) p Jv..pl.mm Lt&CL Tere Marquette ___ Pere Marq pf Petro Corp (40g) Pleiffer Brew (.60g) Thelps Dodze 14 & Phila Co 6% pf (3) 8 Phila Rap Trans pf Phila Read C&T Philip Moris(3%g). Phillips Jones Phillips Pet (2a) Pierce Oil pf Pills Flour (1.60) Pitts Screw (.308) Pitts Steel pt___ Pitts United ___ Pitts United pf Pittston Co Plymouth Ol (.70g). Poor & Co B Porto R Am Tob B . Postal T & C pf (r)- Pressed Steel Car _ Press S C1pf (%) Press S11C2pf21; Procter & Gam (2a) x Pub Sve N J (2.60) Pub SN J $5 pf (5)_ Pub \ I pe(6).. Pub Sv E&G pf (3 T‘ullman (%) Pure Oil Purity Bak (.30g) Quaker St Ol .45g - Radio Corp Radio cv pf (333) Radio-Keith-0 (r) Raybest-Man (Uz)A Reis & Co Reliable Strs (1) Rem Rand (.708) . Rem R pf ww (4%2) Reo Motor Ly Republic Steel Rep Stlev pf (3k) - Revere Copper & B Reynolds Met (1)xr Rey Met rts Augl2 Reynolds Spr (1) s Reynolds Tob (3) _ Reynolds Tob B (3) Ruberoid (.60) ___- Safeway Strs (2) ... Safe St 51 pf (5) Safeway 6% pf (6) - Safeway 7% pf (7) - St Joseph Lead (2a) St L-San Frn pf (r). Savage Arms (%g). Schenley Distill(3). Schulte Ret (r) Scott Paper (.| GWK)_, 22' 16' 593 49 30 31 95 9 104% 43% 4% 113 65 11% 2T 14 51% 38% 3% s 45% 38 17 1 708 Add 00. High. Low. Close. chu 30% 105% 224 357 25% 1974 ‘JULY 22, 1931. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Due‘c.t to The Star. Prev. 1937 Stock and High. Low. Dividend Rate. 2% 1% Seaboard Air L (r)_ 544 36% Neaboard Oil (1)___ 11% 6% Seagrave Corp 95% 81 Sears Roeb (3) Servel Corp (1) 30% 105'5 21% 85l 25% 17 1974 36 367 14% 44 13% .mh = 1054, 2\'~i 35% 25'y 17% 197 Y % 8 affer Pen (11 g) 3 25% Shelk Unlon (J4g) - 105% 102 Shell Un pf (5%) . Iver King (.65g) . Simmons (1g) 3% Simms Petroleum _ T+1+1 011+ Pack (118). ocony-Vac (Y 2) 2 Sou I’o Rico Sug (2) 2 Sou Cal Edis (1%za) 40% Sou Pacific 24 Southern Ry .(7' Southern Ry pf 5l r\lmrl.\\ With n-Kell (1.60a) perry Corp (le) 2614 Spicer Mfg 19'a Spiegel Inc () . 4% Square D Co B.60g . 11% Stand Brands (.80) 6% Stand Com Tob Hle Stand Gas & El (r) . Stand G & pf (r) 6 prpfir) 3% D pL(r). tand Invest tand Oil Calif (1a) tand Oil Ind (1a) . nd Oil N J (1a) tarrett (1, 6213 Sterling Prod (3 17 Stewart-Warn(? 17 Stone & Web__ 12 Studebaker _ 65 Sun Ol (1a) Sun Oil pf (6) _ 17 Sunshine Mng (3) 20% hy a1 29 NIRRT 414 Superior Oil 31 Sutherland P(1.60)_ 21% Swift & Co (1.20) 15% Symington ww 117 Symington xw 61y Telaut 10% Tenn Corp (Y4g) __ 50% Texas Corp (2) 6 TexasGulf Prod __ 33% Tex Gulf Sul (2a) _ 1% 10 Tex Pac Land Tr 32 Thatcher (1zg) 7% Thermoid : 3 Third Ave T Thompson (1 1) 23 Thompson Pr(.%0g) 3's Thompson-Star 15% Tide-Wat As (.35, 178 Timken-Det Ax( Timken Roll B ( ansamerica (1;) ns & West Af 16 ansue & W (.15 T'2 Tri-Cont Corp ( 1095 1011 Tri-Cont pf (6) 12 815 Truax 40% 30% 20th Cent- 1715 PwinCity RT - 26 Twin Coach (.30g) len & Co nde 1215 13 &) 67 10014 9l 11 2814 1t Aireraftt ( nit Air Lines “td Am Bosch ‘nit Biscuit (1.60) _ rbon (4) Arr Fast ( Corp “nit Corp pf (3) nit Drug (Y g) lec Coal ‘nit Fruit (3) ___ nit Gas Imp (1) ‘nit Paperbd (.30g) 7S Distrib pf S & Foreign Sec _ S Freight (13e) S Gypsum pf(7) {offman Mach S Indus Alco S Ledther J 'l,nat!m' S Lea pf y S Pipe (2) 7S Realty & IYPD - S Rubber 1st pt__ nelt R (6g) Steel 2 Steel pf (T) 120 U S Tobacco ¢ 51 1 37 1 65 1 nit Stores A nit Stores pt 142% Univ Leaf T pf (%) 63 Univ Pictures Ist pf 1% Ut P &Lt A (r) 1'3 Vadsco 5 241x Vanadium Stecl Van Raalte (13%g) \H‘hl hemical (2a) aro Chem “aro 6 pf(11,k) Va El& Pwr pf(6) 4 Va Ir Coal & Coke 20 Va n Coal & C pf 34 Wabash Ry (r) ___ T Wabash pf A (r) _ 612 Wabash pf B (r) 4813 \a 105 4213 Walker H G&W (2) 11 Walworth 5 5% Ward Baking B 18 11% Warner Bros Pict. 13 12% ARy 56 102 1155 300 111 831y 6%y Warren Bros (r) 84 Wayne Pump(1%; 431 Wesson O & S (13 89 W Penn El A 1101 W Penn P 6% pf(6) 24 5.4 Western Pac pf 41'3 West Union Tel (3) 404 Westinghse Air (1) 130% West El1& M (2g) 1 Weston El In(%g) 38 Wheeling Stl 99 Wheel Stipf2i;k _ 20 White Motor 14% White Rk M Sp 1 10. White Sew M Wilson & Co (3z) - Woolworth (2.40) Worthington Pump Worthington pf A “or P&M pf A stp Yale & Towne (.60) Yellow Truck ___ Young Spring (3) T4% Youngstn S&T 1128 30 Zenith T"idlo(l';s) 47 Zonite Prod _ 11:00 A.M. 210,000 1:00 P.M 640 000 Total Sales for the s Unit of trading 10 shares. tion. included x Ex dividend. last vear, xr Ex rights. h Cash or stock. Bales— Add 00. ) Craer (80) ‘ox (1g). “nit Dyewood (1a)_ nit Stockyds (13)_ 12t Waldorf Sys (1.20). S Warner-Quin (r)__. West Auto Sup 1.60. { Payable in stock. g Dec FINANCI Hich. Low. Close. onge R 44 44— n 815 8% + 1 9415 944 ~ a 30 300 + % LI 144 1414 347 347 =34 28, 283, + 4y 104% 104% + % 1415 143 4 4915 e 10 12 3 AL. STOCK RISE ENDS INPROFIT SELLING Early Gains of Fractions to $3 or More Reduced or Wiped Out. Stock Averages Indys. Rajls. UL, Sis Net change. +.3 Unc. +4 +.3 Today, close 965 41.0 438 69.3 Previous day 962 41.0 434 690 Month ago- 899 391 401 646 Year ago 89.9 387 519 675 1937 high___1016 495 540 753 1937 low 879 361 39.1 626 1936 high__. 993 435 537 1728 1936 ---- T34 302 434 557 1932 175 87 239 169 1929 I 1469 1539 184.3 1577 1927 516 953 618 '61 8 (Compiled by the Associated Press ) BY VICTOR EUBANK, Ti% + Associated Press F ai Writ NEW YORK, July 22—Late profit selling today stemmed a sizable 4 . }m the stock market 37% Superheater (115) _ W Al (60 * | thought Tex Pac C&0 (40) . "| grain on Chicago Ju 2 293 Westvaco Chl pf 115 391, 106% 106 705 551y 261 12 407 51 93 3 37 5 5% 105 106 70t 55'9 109 2 9'11. 36% 5l 9214 1110 363 — 13 5y Approximate Sales of Stocks on the N. Y. Stock Exchange, day, 960, 000 TIn bankruptey or sceivership. or being reorganized under BANKIUDLCY RCC. T SecUTILien asSumed by’ SUEh ‘Compamcs Rates of dividends in the foregoing table are annual dis- bursements based on the last quarterly or semi-annual declara- Unless otherwise noted. special or extra dividends are not a Also extra or extras. e Paid clared or paid so far this k Accumulated dividend paid or de- | wheat, 3 5 ar. A Clared this year TREASURY REPORTS DECREASE IN GOLD First Drop Since Sterilization Program Started Is Laid to New Monetary Pacts. By the Associated Press. The Treasury reported today the first decline in its huge gold holdings since the gold stabilization program was inaugurated last December. Gold stocks declined $41,777,543 on Tuesday to $12,402,226,982, the Treas- ury said. The decline presumably was due to operations under one or both of the Treasury’s new monetary agreements with China and Brazil. Under both those accords, the Treasury agreed to sell gold for use in currency stabilizing operations. The Chinese understanding provides scquisition of China’s . silver in amounts approximating sales of gold to China. The Treasury supply of silver bullion increased only $930,290 on July 20. If part of the decline in gold holdings resulted from sales to China, how- ever, a purchase of silver from China coincidentally. CONSTRUCTION LAGS. NEW YORK, July 22 (#).—Con- tracts awarded on current construc- tion projects in the chemical process industries totaled $3,480,000, compared with $4,170,000 & year ago, Chemical and Metallurgical Engineering re- ported. Current proposed work totaled $18,692,000, compared with $15,624,000 in the same period last year. Blue Ridge Corp.—Net asset value on June 30, 1937, equaled $2.80 s common share, agalist $3.72 on De- cember 31, 1936. ¥ | need not necessarily have taken place | CHICAGO PRODUCE. CHICAGO, July 22 one car. 44 trucks pounds up. 19%a2: less than 41z pounds. 1R12: Leghorn hens_1112: fryers, colored 20. Plymouth and White Rock backs. 1R; broilers. colored. and White Rock. horn. 18 Springs. m}\md (9 —Foultzy. Hye. strong: hens. 413 3 Plymouth barebacks. " 19: 13: tur- turkeys, colond 47 pounds prices steady, un- at prices unchanged. OFFICERS ELECTED. FALLS CHURCH, Va, July 22 (Special) .—Officers of the Arlington and Fairfax Building & Loan Asso- ciation have been elected as follows: Dr. J. B. Gould, president; E. T. Fenwick, vice president; F. H. East- man, vice president; J. H. Parmelee, treasurer; John F. Bethune, secre- tary, and Harry R. Thomas and F. D. Richardson, attorneys. In addition to officers, thé directorate includes m(mu A. Btewart. There was a morning run u by motors and which prices generally fractions to | more points, | Many traders after noon and extreme were reduced, canceled with losses during the final hour Early strength was attributed by | brokerage observers largely to cations further economic recove get into full swing in On top of this, sol to have been i wing feeling in W osing forces in the adm bill squabble wi and Conj steels started or cou was still somewhat transfers being around 00'\ 000 res Banking quarters wat some concern gyrations of | franc This unit broke to a new 11- vear low, but eventuall under what was termed por he Prench Shares conspicuous on t the great United St Steel, Youngstown Wheeling Steel, Mo! low Truck, Goodye Rubber, Mont ard, J. I CR\F ernational H Deere, Oliver n, Nation Cash R'»..\'({ Doug- Aircraft a Fe. New York Central, Sout 1 Pacific, Nort erican Telephone, Westerr nion, Electric Power & Light, Ce Pasco, Afl"‘l’”dh Can, Westi, Pa Collins & Alkman, Ua!.}’;, Crane Co., ‘\‘[r hawk Carpet, Eaton Manufactur- ing, Briy Manufacturing. Stone & Webster and Armstrong Cork. . Oils were given an afternoon play. with Standard of New Jersey, Socon: 1 Seaboard, Texas Corp. and registering small las de | house CHICAGO GRAIN By the Associated Press CHICAGO, July of corn prices late toda 5'; cents a bushel | values also heav The break in which had a di 22 —Big tumbles y, more than carried wheat y downgrade the corn market, urbing effect on other grains, was in response to a surprise in the form of posting of notices to deliver about 600,000 bushels of the centracts. Such was not believed tender. Reports es of corn here a quantity to be available for of available suppli have been mislead did not include all inciuding grain of At the close, » 10 5 ce i July, | 1.02-1.021; of c foreign origin. Chicago corn futures under yesterday's -1.12%; September, December, 76'g-1; s-4 cents down: September, December, 1.20',-3; s-115 off Chicago Cash Market. Cash wheat, No. 2, red, 1.27-293;; No. 2 hard, 1 +-31: corn, No. 2 yel- low, 1.1534-20; No. 3 white, 1.161,, Oats, new, No. 1 mixed, 34-35; | 2 white, 36-37 Rye, No. 2, 95. Barley, feed, 53-70 nominal; ing, 71-90 nominal.. No, malt- Baltimore Quotati BALTIMORE. Jul 2. red Winter. g 1119: July, 1.19. ns. Wheat No spot, domestic Winniper Prices. WINNIPEG, July 22 (#.—Grain ranec today. High 1.46% 1300 1.36% WHEAT— July October December ATS — J ly 64 ash - wheat o4 No_ 2 Northern. 1.39'a L3074 Oats—No NEW YORK COTTON By the Associated Press NEW YORK, July 22.—Cotton sold off to new low ground for the lives of all contracts but October today under further foreign and commission house liquidation promoted by continual fa- vorable weather and crop advices. Early buyers resold when slight technical rallies failed to hold and trade support on reactions lessened. December eased from 11.66 to 11.51 and in midafternoon was selling at 1153, when prices generally were 10 to 12 points net lower. Futures closed steady. unchanged to 5 ower 1.34 1130% 64 Northern, No. 2 white. 64; No. .85%3 L4t 3 Northern 3 white. 61. October 1 December ____ 1 January _ 2 1 March 2 1 May 1 1 11 middiing 12,14 Cottonseed Oil. Bleachable cottonseed oll futures closed casy. § to & lower. 34, contracts, Boblember. ' 05, Octonse” A oo, Decem- Derg;00i JanuAry. 9.025; March, 9.03b. \ 4 July Spot quiet