Evening Star Newspaper, July 23, 1937, Page 14

A—14 #¥» D. . BANK CHIEF ENDS FIRST YEAR J. Frank White Succeeded Late George Starkey, Deposits Climb. BY EDWARD C. STONE. J. Prank White, president of the National Bank of Washington, is just completing his first year as head of the institution, a year in which the bank has made steady progress. During the year deposits crossed the $10,000,000 mark and are now higher than when he took charge of the bank. Mr. White was elevated to the presidency to suc- ceed the late George L. Star- key, who had oc- cupied the presi- dent’s chair for 12 years at the time of his death. The election took place at the July meeting of the directors, Mr. White at that time being one of the vice presidents and cashier of the bank. Born in Washington and connected with bank almost since boyhood, he had long been in direct contact with every phase of banking. He entered the banking business on June 8, 1885, - at the age of 18 years. Starting as a clerk, he was soon called upon for general utility work, then filled the positions of pay and receiving tellers and of note teller. After being assistant cashier for three years he was elected cashier in July, 1923, taking on the additional duties of a vice president in 1933. From the time of his graduation at Gonzaga College, he has always been a close student of finance, always keeping up with the latest developments in bank- ing. He is an unusually good example of what enthusiasm, application to business and ability can accomplish over a period of years. Second National 65 Years Old. The Second National Bank obtained Its charter just 65 years ago tomor- row. July 24, 1872, it was noted by officials today. The bank opened its doors fer business on September 11. For many years the main office was on Seventh street, but on the elec- tion of John A. Reilly to the presi- dency, in 1936, the head office was moved to the branch at 1331-33 G street. Victor B. Deyber, now chairman of | the board, was president of the bank | for many years. The first president was J. C. McKelden, he being suc- | ceeded by Mathew G. Emory. who held | the office 25 years and had the dis- tinction of being known as the “last | Mayor of Washington.” Aside from | Chairman Deyber and President Reilly | the other officers are: ‘William M. Hannay. Jacob Scharf and Julius E. Loh, vice presidents; Edward F. Colladay, counsel and trust officer; William B. Wolf, assistant trust officer; Frederick F. Beyer, cash- ter; Gerald E. Keene and Stuart S. Ogilvie, assistant cashiers, and John R. Higgins, controller. Steele Wins Spaid Trophy. Lundeen V. Steele of the Washing- ton Loan & Trust Co. won the W. W. BSpaid Cup golf tournament of Wash- ington Chapter, American Institute of Banking, by defeating Aubrey O. Dooley of the Hamilton National Bank 2 up in the final match, played July 21 at Indian Spring Country Club. John M. Christie, Riggs National Bank, turned in low net score for the tournament. Steele, in winning the cup this year, retains permanently the Spaid trophy, inasmuch as the new champion had previously won it twice. All arrangements for the tourney were made by George M. Rowzee, jr., of the Lincoln National Bank. D. C. Bank Clearings Mount. ‘The Washingten Clearing House re- ports clearings of $25,842,778.32 for the week ending July 21, as compared with $21,604,788.83 in the same week a year ago, or a gain of 19.56 per cent. Ciear- ings also showed an increase of $519,- 609.64 over the previous week this vear. Wrendo M. Godwin, Bloxom, Va., attorney, has been named receiver for the People’s Bank of Bloxom by the Cireuit Court of Accomac County. The bank was placed in receivership at the instance of the Virginia Corporation Commission. Its deposits are insured. Paul Primm, president of the District Life Underwriters Association, and James A. De Force are making up a delegation of underwritters to attend the forty-eighth national convention to be held in Denver August 23 to 27. The program calls for addresses and iscussions of every phase of life in- surance. i Acting Secretary Magill has asked for tenders on two series of Treasury bills which aggregate $100,000,000 and which will be sold on a discount basis to the highest bidders. Tenders will be received by Federal Reserve Bank and branches until 2 p.m. Monday. Insurance Sales Go Higher. Life insurance in Washington in June were 17 per cent higher than in June, 1936, and 13 per cent better in the first six months of the present year, compared with the like period a year ago, the Life Insurance Sales Research Bureau, Hartford, reported today. This was better than the na- tional average gain of 2 per cent for June and 8 per cent for the six months. Potomac Electric Power 6 per cent preferred stock sold at 113 on the Washington Stock Exchange today and J. Frank White. FINANCIAL, By Privata Wire Dlmt 'n ‘The Star. Prev. 1037 Stock and High. Low. Dividend Rate Ricoo. High, uv. Close. 5 44% Abbott Lab (1.60a. 1 50 63% Acme Stee1 (4) 15 Adams Exp (.30 28 Addressog (1.40)._. 2 Advance Rumley. 643 Air Reduction (1a). 11 Alaska Jun (.60a)_- 2% Alleghany__ 34% Alles pf $30 ww. 34 Alleg pf $40 ww. Alleg prpf_ Allied Chem (6) Allied Mills (2g) - Allied Stores (.20a). Allied Strs pt (5)__. Allis-Chalmers(1g) Alpha Portland (1)- 4% Amal Leath = 34% Amal Leath 20% Am Bank Note( %l) 1! 59 Am Bank N pf (3)__ 220s 57% Am Brake Sh(1%g) 10 67Tk 125 Am Brake S pf 5% _. 100s 135 90% Am Can (4a) ._____.x 7 107! 46 AmCar&Fy (%) 28 Am Chain & C(%g). 13% Am Colortype. . 20% Am Comcl Alco . 25 AmCrystal S2%g._. 6% Am Encaustic Til 6% Am & Foreign Pow._ 37 Am&FP$6pf ___. 45 Am & For Pw §7 pf . 18% Am & For Pw 24 pf. 14% Am-Hawaiian S (1) 5% Am Hide & Leath _. 36% Am Hide & L pf (3). 2% AmIce ___ 1T% Am Ice pf (1g)-. 124 Am International 4 87 Am Locomotive 125 101% Am Loco pf__ 29% 18% Am M & Fdy (%g)- 13% % Am M & Met (.45g) 68% 43% Am Metal (%g) - 129% 112 Am Metals pf (6) __. 75 60% Am NewsN Y (3) 16% 7 AmPow&Lt _ __ 721 40% Am P &L $5 pf (5)- 87% 49 Am P& L $6 pf (6)_ 2913 18% Am Rad & St §(.60) 45% 31% Am Roll Mill(1.10g) 36 26% Am Safety Raz (2)_ 29 22 Am Seating (4g)._ 105% 79% Am Smlt & R(2%g) 154 13813 Am Smelt pt (7) . 3% 48% Am Stl Fdrs (15) 567 37 Am Sugar Ref (2 257 21% Am Sumatra (1a) 187 159% Am Tel & Tel (9)_ 99 733 Am Tobacco (5) 997 74 Am Tobacco B (5) 1501 128% Am Tob pf (6)__ 11% Am Type Fdrs ___ 15% Am Wat WKks (.60g) 88 Am Wat W 1pf(6)- 7% Am Woolen 5415 Am Wool pf (2k)_ 6% AmZinc L&S 47% Anaconda (% &) 18 Anchor Cap (.30g 3895 Arch-Dan M (1g) 106 Armour Del pf (7) 7 Armour Il (.55g) __. 81% Arm I11 pr pf (6) ___ 54% Armstrong Crk(1g) 114 Armstrong. July 30 11 Arnold Const (%g)- 8% Artloom 95 Artloom pf (318) 15% Asso Dry Gdods _ Assoc In pf ww(5)_ % AtchT&SF (2g)-. 3 Atchison pt (5) 443 Atlantic Coast Line 22 Atl Gulf&W Ind pf_ 27% Atlantic Refin (1) _ 4107 Atl Refining pf (4)_ 15 Atlas Corp (.80) 5015 Atlas Corp pt. 43), : 68!, Atlas Pow (114 11% Atlas Tack (‘;‘g)_ 13's Auburn Auto __ 5% Austin Nichols 30 Aust Nich pf A(5k). 5% Aviation Corp ____ 4% Baldwin Loco (r) _ 4% Baldwin Loc asd(r) 20% Balto & Ohio__ 27% Balto & Ohio pf 27% Barber Co (%g) 22 Barker Bros _ 4 23'% Barnsdall (1) 1374 Bayuk Cigar (%g)- 211, Beatrice Cr (1a) _.. 105 Beech-Nut P (4a) 11% Beldin-Hem (1) 84 Belgian NR pf 3.24_ 184 Bendix Aviat (3g). 20% Benef Lin (1.32358) 474 Best & Co (2%a) 73 Bethlehem Stl (18! 17 Beth St15% pf (1)_. 129\4 108 Beth Stl 7% pf (1)_. 693 51% Bigelow-San 1%g_ 38 24 Black & Deck (%g). 22 Blaw-Knox (.458) 27% Boeing Airpl 37 Bohn Alum (3)_ 85% Bon Ami A (3g) 4 41% Bon Ami B (1%g) 21% Borden (1.60) - 387 Borg-Warner (2) .. Botany C M (A) (r Bridgeport Br .40g_ Briggs Mfg (1%g) Briggs & Strat (3)_. Bklyn-Man (21:g) . Bklyn-Man pf (6) Bklyn & Queens _ BKlyn & Q T pt Bklyn Un Gas 2.30g. % Bucyrus-Erie__ Budd Mfg. Budd Wheel (.20g)_ Bullard Co (1g) . Bulova Watch (4a) . 17% Burlington Mills(1) 2214 Burr Ad Mch(.65g) 4% Bush Term (r)_____ 24% Bush T Bld pf ct(r) 127 Butler Bros (.60) __. 28% Butler Bros pf(11%) 4'3 Butte Copper & Z.. 17% Byers Co_.. 67 Byers Co pf. 25% Byron Jack ((1g) 35Y% Calif Pack (1%a) 50 Calif Pack pf (2%)_ 2% Callahan Z-Ld _ 12 Calumet & H (%g)- 24 Campbell Wy (1) .. 23% Canada Dry G Ale_. 11% Canadian Pacific. 96 Caro C &o st (5) 6% Carriers & Gen .10, 181 138 Case (JI).___ 129% 112 Case (J I) pf (7) 100 85 Caterpillar Trac 41Y% 26% Celanese (13%g) .. 115 106% Celanese pr pt (7) 12% 6 Central Fdy _ 41% 18 CentralRRNJ. 86% 60 Cerrode Pasco (4)-. 23% 11% Certain-teed __ 82 481 Certain-teed 6% pf. 63% 85% Champ Pap & F (2). 48 14% Checker Cab Mfg__.. 67 Ches Corp (3) 50% Ches & Ohio (2.80a). 91 Ches&ODLA (4) _. 24% Chi Mall Or (1%a)_. 1% ChiMStP&P (r) . 3% Chi M St P&P pr(r). 3 Chi&NW (r) 21 Chi Pneu Tool 85 ChiPneu T cv pt(3) 4% CRI&PT% pf (r). 14 Chi Yell Cab(1%g)- 9% Childs Co ___ 94 Chrysler (3%g). - 4% - T AT T~ Y5 — 3% 37 37 e Xt =1 =T 66 135 106Y% b2% 30% 16% 135 107 46 111 991z 701 > PO AT A 08 3 - 15% 87 30% 283, 623, 105‘0 PO T) o 297, 493 481 93 PTwHANN o 35 S 18% 76 53 9744 2 3% 26% 39% 39% 6 6 14'6 14% the 5, per cent preferred at 11314, Capital Transit opened at 10% and ¢closed at 10 flat. The new listed Columbia Country Club first 4148 again saw a bid of 103, with none offered. The recent report of the Federal Deposit Insurance Corp. for the year ending December 31, 1836, reveals that on December 31 the corporation was insuring more than 21 billion dollars of deposits to the credit of more than 50 million depositors in 14,029 banks. ‘Total deposits of these banks amount- ed to more than 50 billion dollars. Net earnings of the Capital Transit Co. showed improvement in June, when profits reached $37,538.45, a gain of $2,82852 over June, 1936, according to the monthly statement filed this noon with the Public Utilities Com- mission. Revenue passengers carried on the company’s street cars and buses in June numbered 13,932,047, as com- pared with 14,606,564 in June, 1936, & drop of 674,517, or 4.6 per cent. Capital Transit’s net income in the first six months of this year totaled $122,185.77, a gain of $98,070.39, or 406 per cent, the report said. NEW YORK BAR SILVER. WEW YORK, July 23 (®.—Bar silver Wesdy and unchenged at 445 . 17% City Ice & ¥ (2) 6% City Store 10% 10% — 140 lH"h 1123% 112% — 8 18% 18 18 8 8 8 11% 52w = 26% — 4% - THE EVENING STAR, WASHINGTON, D. C. FRIDAY, JULY 23, 193.. EEEEE——— e Net chge. +1 80% + % 19% + % 2% + % + % -4 -3 37% 37% — 286“ 2!5 236% +l% 23 +2 + W ¥ I + Fy F FFEFEE FFEL -1% -1% % - % % + % + W + % % % + % Prev. 1937 Stock and Hish. Low. Dividend Rate. 42% 35% Contl Ins (1.608). 3% 2 Contl Motor 171% 168 Corn Prod pf (7). 104 8 Coty-. 561% 40 Crane Co. lll 100% Crane Co cv pt. 28% Cream Wheat l%l’. 2“ 184% Crosley Rad (1%e). 100% 68 Crown Cork (2).... 47% 89 Cro'nCkpfxw2y. 25% 16% Crown Zell 108% 1. 185 116 Crustble St pt I% - 17% 8% CubaRRpf. 14% 7% Cuban-Am Sugar__. 127 109% Cub-Am 8 pf (10k) 37% Cudahy Pack (2%)- 8% Curtis Pub___. 71 Curtis Pub pf (7) 5 Curtiss-Wright_ 16% Curtiss-Wright A._. 3% Cutler-Ham (1g)-_. 12% Davega Stores (1a). 19 Davega Stpf (1%). 99% Dayton P&L pf 4% 141% 104% Deere & Co .. 31% 25% Deere & Co pl(l 40) 58% 33 Del& Hud _ 24% 13% Del Lack & LA 10% 4 Den&RioG Wpf__ 1463 110% Detroit EA (5g) - 22 9% Detroit & Mac 59% Devoe & Ray A(3a). 26 Diamond Mat (1a)._. 33% Diam Mat pf(1%a). 20% Dist Corp-Seag - 35 Doehler Die C (1g) - 3814 Dome Mines (2a) 47% Douglas Afrcraft 159% 119 Dow Chem (2.60g) 55 45% Dresser A (3e) 39% 24% Dresser B (le) 17% 14% Duplan Silk (1) 1804 148% Du Pont de N(2%§g) 135% 130% Du Pont deb (6)_ 17 9% Eastern Roll 181% 151 Eastman Kodak (8) %4 29% Eaton Mfg (1%§) - 364 10% Eitingon Sch__. ._. 21% EI Paso N Ga(1.60). 84% Elec Auto Lt 1.405. 9% Elec Boat ____ 14!4 Elec Pow & Lt 58% Elec P& L $6 pf___ 62 ElecP&Lpf . 1 Elk Horn Coal - 8 Eng Public Service_ 59 Eng P S $5pf (5k) . 63% Eng PS pf ww 5%4§. 4% Equit Off Bldg 131 Erle R R 19% FErle 1st pf 7% Eureka Vacuum Cl1. 18 Evans Prod (1) 2% Exchange Buffet 3 Fairbanks Co 20% Fairbanks pf. 4915 Fairbanks Mrse(1a) 16% Federal Lt & Trac .. 6% Federal Mot (.10g) - 5% Federal Screw 3 Federal Wat Sve A. 36 Fid Phoenix(1.60a). 31 Firestone (114g) _. 107% 101% Firest A&R pf (6) _ 52Y% 3914 First Nat Stra(2%) 46% 26% Flintkote (1) .. __ 681 46 Florence Stove(1g). 9% 4% Follansbee (r) 58 47% Food Mach (1) 128 108 Food Mach pt (413) 544 37% Foster Wheeler _ 18% 7% Francisco Sugar. 324 24% Freeport Sul (1) 11% Gair (Robert)_ 22 Gamewell __ __ __ 11 Gar Wood Ind (%) 101 Gen Am Inv___ 8614 6215 Gen Am Trns(1%g) 19% 10% Gen Baking (.60) _. 153 134 Gen Baking pf (8) 14 % Gen Bronze 32 20 Gen Cable_ 65 3914 Gen Cable A _ 126% 112% Gen Cable pf 52% 341 Gen Cigar (4)_ 64% 49% Gen Elec (.80g)... 44% 36 Gen Foods (2). 3% 1% GenG&ELA 6414 48 Gen G&ES% cv 65% 60 Gen Mills (3) __ 124 117 Gen Mills pf (6) 70% 484 Gen Motors (1%&) 122% 113 Gen Mot pf (5) 15% 8% Gen Out Adv__ 60'% 4215 Gen Out Adv A 19 15% Gen Print Ink(.30g) 5% 3% Gen PubSve __ 41% Gen Ry Signal (1) 3 Gen Real & Util 31 Gen Real & Ut pf. 55 Gen Refract (2h)_ 48 Gen StlCastpf 20% Gen Thea Eq (%8)- 14% Gillette (125) . 201 Gimbel Bro: 40% Glidden Co (2a)_ 51% Glidden cv pf (2%)- 4 Gobel Adolf __ 5% Goebel Brew (.20a). 31 Goodrich (%8) ___. 87% 77" Goodrich pf (5) _ _ 47% 27% Good¥vear T&R (1g) u1 100 Goodyr T&R pf lS). 3 Graham-Paige__ 613 Granby Consol 17 Grand Un pf (1%k) 32 GraniteCit Stl (1) . 341 Grant (WT) (1.402) 40% Great Nor Ry pf __ 17% Grt Nor Ore ct(%g) 34 Grt Wat Sug(2.40a) 27% Green (HL) (1.60a) 12% Greyhound (.80) __ 29 (19“1 15% 10% Greyhound pf (.55)_ 2 Guantanamo Sug. 40 Guantanamo pf_ 13% Hall Print___ 25% Hamilton W(1%g) 108 103 Hamil Wath pf (6)- 58% 40 Harb-Walk (1g) --. 17% 10% Hat Corp A (.608)-. 8 4 Hayes Body.. 115 100 Hazel-Atlas Gl(El). 15% 11% Hecker Prod (.60a). 135% 126 Hercules Po pf (6) - 52% 35% Holland F (1g) 120% 101% Holland F pf (6. 80% 21 Hollander (1)___ 50% 47% Homestake M(%g). 27% % 17% 90% 5% 23% 4 38 67% 43 47% 33 144 124 181% 33% 6 13% 11% 28% 9% 88% Househld Fin pf(5). 12% Houston Ofl.___ 62% Howe Sound (3a)-. 2% Hudson & Man. 12'6 Hudson Motor. Hupp Motor_. Illinois Central . Illinois Cent pf A_. Indust Rayon (2)__. Ingersol Rnd(1%g) Inland Stl (2%g)--- 11'4 Inspiration Copper.. 4% Insuranshar (.10g). 5% Inter Rap Tran (r). 4% Intercontl Rubber_. 16% Interlake Iron. 5 Intl Agricul_ 635 42 Intl Asri pr pf (3k). 116% 99% Intl Harvestr (2%). 162 144% Intl Harv pf (7) 16% 8% Intl Hydro-Elec A. 15% 6% Int Mer Marine 10 Intl Mining (.308)-. 73% 55% Intl Nickel Cln(ll) 24% 16% Intl Paper & Pw A_. 18 10% Intl Paper & Pw B_. 9% 5% Intl Paper & PwC._. 90% Intl Paper & Pw pf_ 21 18 Houd-Her B (115) .. Add(;o.llfi Low. Close, chge 39% 39K 39% + % 2% 2% 2W 48% 48% 48% 20 29 -1% 63% 63% 63% — % 8 61% 614 61% — % 10 718 71% % 2 120% 128 120% +24% 2008 12% 11% 1 9% 9% 9% 112% 112% 112% 2 384 38 38 + W 10% — % T6% — % 6% + % 20% + % % -1 16% 19% - % 103 143% 141 142 + % 28% 28% 28% + W 8% 38 38 -1 16% 16% 5% B% + % 115% 117 +1% 19% 19% +1% 60 60 -2% 27T 21T - % 33% 33% 22 22% — % 394 39% + 2 40% 40% — % 57% b7% — % 116 119 -14 AT% AT%h - % 21% 2T% 15 16 - W 161 162 + % 133% 133% — % 12% 124 - % 180 180 36% 35% 12% 12% 24 24% + 38% 38% — % 10% — % 22% +1% 4% + W 804 +1% 1% — % 1% + % 60 61% — L FEE FE TH++4+1 +1 1+ FEEEEFT L 3 LR E EEEEE 2 F s rss s Ers LI+ 4++1+44000 - s 9 - TES FFrEfE F2 ¥ ~ » M FPEFELE FF = ° PR JOSIN- FISTOTS I PN ETHOrs S 1V Fo1ot Jorererors M S < 3 12 100l 182 120- 105% 1 5 17 ti++14++ FEPEL X OF FEFEFFL 37% 131% 131% 118% 117% 25% 24% 5 13 83 116% 114% 2150 149% 18% 10 125 64% 17% 12% 32% Clark Equi 85 Clev Graph Br (15). 47% Clev & Pitts sp(2) .. % 23% Cluett Peabody (1)- 17% Colgate-Palm (%)-. 47% Collins & Aik (2a)_. 81 Colo Fuel & Ir (1g). 16 Colo & South .__ 15% Colo & South 18t pf._ 10 Colum G & E (.20).. 80 ColGEE P! A (6) 75 Col GEE 6% pt (5. 28% Col Pict vtc (1a).. 69% 56% Comcl Credit (4)... 114 I Comcl Cred pf 4% .. 80% 63% Comcl Invest Tr(4). 13 Comcl Solv (.60).. 2 Comwlth & Sou 46 Com & Sou pf (3)-.. 34 Congoleum-Na (2).. 19% Consol Aireraft ___ 31% Consol Edison (1g). 993 Consol Edis pf (5)-. 2% Consol Film 4% Consol RR Cuba pf_ % Consol Textile. - 834 Consol Coal ... 52% §33 Consol Coal pf___._ 87% 20% Container (1.20)—_. 37% 18% Contl Baking A-.... 5% 2% Contl Baking B._... 69% 50 25% 18% Contl Diam Fib(ig) A\ Contl Can (3) ——...” 8 44% 44 23 46 45 46 + % €0s 50% BO0% 650 +1% 15 29% 28% 294 +1 1 180% 16036 160% —2 57% 57% — 19 - % 56% — X% 38% — % 173% 18% + % 30 12 60% 60% —1% ! IM 104% 104% -l% 65% @5 17 MK u 188 3 2% 7 56 3 38 374 E FEEESEESELER mu»u 5% Intl Ry Cent Am___ 6 Intl Ry Cent Amct. 43% Int Ry Cent Am pf... 41% IntlShoe (2). 31% Intl Silver__ 120 Johns-Manville (3). 10 120 Johns-Manv pf (7). 117% Jones & L pf (3%k) 16% 8% Kresge Dep Stores u1 29% 20% Kresge (BB) (!003)). 18% Lambert (2) .- 17 Les Rub& T (1g)-- 82 Lehigh PortC (1%) m Lehigh Valley Coal. 8% Lehigh Val Coal pf. lfli Lehigh Valley R R... Lehman Corp (1a) .. l‘“ Lehn & Fink (1%).. 58% ' 40 Lerner Stores (3a)- 79 §8% Libb-Ow-F Gl (35)- \ 6% 6% 50% 4“ 48 95% 11% 26% 13¢ 131 184 +4 209 128% 128% 123% 400 125 125 125 326 +1% 28! 10% 10% 106 Kresge D 8 pf(.20k) lfl; 136 l“ l“ +1 Prev. 1037 Hish. Low. Dlvldond lna. 15% 9% Libby McN & Lib__. 28% 26% Life Savers (1.60) . 114 94% Liggett & M B (4a). 175 151 Lisg & Myers p£(7). 83% 59 Lima Loco._ . 51% Link Belt (2) - Liquid Carb (2. 10) x ID 641 Loew's (2a) . 1 Loft. 50% Lone Star Cem (3)... 5% Long-Bell A 28 Loose-Wil Bis (2) . 28% 20 Lorillard (P) (1.20) 19% Louisv GEE A 1% _. 82% Louisv & Nash(5g).- 29% Luldum Steel (1).__. 24% McCall (2) - 14% McCrory Str: 16% McGraw-H (. lz%l)‘ 82% McIntyre Pore (2).. 81% McKeesport T (2).. 12% McKesson & Rob___ 42% McKess & R pf (3) 12% McLellan Strs(% 40% Mack Trucks (1) 44 Macy (R H) (2a 42 Masma Cop (1%g)- 6% Man Ry mod l!d(l‘) 19% Market St Ry pr pf_ 39 Marlin Rock (2).. 18% Marshal Field 19% Martin (Glen)._. 4815 Masonite (1a) __ 325 Math Alkali (1%) _ 51% May Dept Strs (3a). 67 Melville Shoe (5) 9% Mengel 58 Mesta Mach (2% 14% Miami Copper 25% Mid-Cont Pet (1g). 3314 Midland Steel (2) _ 108 Midland St 1 pf(8). 20s 96 Minn-Hon Reg (3)_ 7 108 Minn-Hon pf B(4)_. 100s 16% 11 Minn-Mol Imp 10 6% 2% Minn StP&SSm LL. 108 34 23% Mission Corp (1g)_. 19 34% 21 Mo-Kan-Tex pf 3 6% Mo Pacific(r) ... 2 12% Mo Pacificpt (r) . 2 Mohawk Crp(1.20a) 32 Monsanto Ch 1% 1 Montgom Ward(2a) 44 Morris & Exx (3%). 100s Mother Lode 6 Motor Prod (1%g) 61 Motor Wheel (1.60) 1 Mueller Brass (1a). Mullins Mfg B Murphy (G C) 3.2 Murray Corp Myers & Bro (2g) Nash-Kelv (1) Natl Acme (%g) - Natl Biscuit (1.60) Natl Bnd & Inv 1.44 4 Natl Cash Reg (% &) Natl Dairy P (1.20) Natl Dairy PpfB(7) Natl Dept Strs Natl Distill (2) Natl Gypsum _ Natl Lead (%) Nat Mal&8tl C(1g) . Natl Pw & Lt (.60)_x XNatl Steel (1%8) Natl Supply 130 121% Natl Sup pf (1%k)- 12% 6% Natl Tea (.30g) .___ 93 Natomas (.80) __ 28 Newport Ind (1%g) 7314 N Y Air Br (1%8) _ NY Central . __ N Y Chi & St Louis 61 2 122 120 124 2 3 3 6 6 3 N 17 2 8 57 10s 9 1 1 Ha&H () - H & H pt (r) N Y Shipblde _ __ N Y Steam $6 pf_ N Y Steam $7 pf _ Norfolk & West(10) North Am Aviat __. North Am (.60g) 4 North Am pf (3) . Northern Pacific. 3% Norwalk T& R. 17 Ohio Oil (348)- 6313 Oliver Farm 13 Omnibus __ 45Y% 33% Otis Elev (.40g) 140 126 Otis Elev pf (6) 24% 14% Otis Steel __ 97 75 OtisStlistpf5ls _ 22 Outboard M (1%g) x 824 Owens-111G1 (%g)- 17 Pac Am Fish (1.20). 6% Pac Coast____ 20% Pac Finance (1. MIJA 281 Pac Gas & El (2) 533% 40% Pac Lighting (3) ' 25 Pac Mills (1g) 13414 Pac Tel & Tel (8) _ 20% Pac West Oil (.65e). 7' Packard Mot (.158). 107 Pan-Am Petrolm___ 60 Panhandle pf (r)_.. 617 Paraffine (2g) 16% Paramount Plet 4121 Paramount 1 pf (6) 15% Paramount 2 pf(.60; 25 Park & Tilford __ 4 ParkUtah 36'3 Parke Davis(]. 10g). 23 Parker Rust-Pr1 6 Pathe Film _ 14 Patino Mines 2 3% Peerless Corp ____ 85 Penney (J C) (2) . 5t Penn-Dixie Cement. 431 Penn-Dixie pf A 22 PennGlSct (%g)- 34% Penn R R (12g) 43'4 Peoples Gas Lt & C. 303 Pere Marquette _ 16% Petro Corp (.40g) - _ 7% Pfeiffer Brew (.60g) 40 Phelps Dodge 1% - 38% Phila Co 6% pf (3) - 70 Philip Moris(3%g)- 49% Phillips Pet (2a) 28% Pills Flour (1.60) 12 Pitts Screw (.30%) . 3% Pitts United __ 97% Pitts United pf. 29 Pitts& W Va___ 24% Plymouth Oil1(.70g) 21% Poor& CoB _. 7 Postal T & C pf (r).. 17% Pressed Steel Car _ 54 PressStIC2pf2l;._ 4 55% Procter & Gam (2a) 114% Procter & G pf (5)-. 36% Pub Sve N J (2.60) 99% Pub SN J $5 pf (5)- 113'3 Pub Sve N J pf (6) -. 613 Pullman (1%)- 16% Pure Oil. 15 Purity Bak (. ZOB)_. 7% Radio Corp - 63 Radiocv pf (3%) 6% Radio-Keith-O (1) . 29 Raybest-Man (1%). 7% Real Silk ._ 62 RealSilkpf 20 Reis & Co 1st pf_ 16% Reliable Strs (1) 22 Reliance Mf (.6 21 Rem Rand (.70g) 5 Reo Motor __ 27% Republic Steel 124 109 Rep Stlcv pf ax) - 49% 32 Revere Copper & B_ 22% Reynolds Met (1) . Rey Met rts Augl2. 16% Reynolds Spr (1) 59% Reynolds Tob (3) 49 Reynolds Tob B (3). 80 Ruberoid (.60)_. 3% Rutland pf-. 46 31 Safeway Strs (2) 113 99 Safeway 6% pf (6)- 113 104% Safeway 7% pf (7)- 65 43% St Joseph Lead(2a) 11% 4% St L-San Frn pf (r). 27% 14% Savage Arms (%E). 51% 38% Schenley Distill(3). STOCK INCREASE VOTED FOR PARK & TILFORD NEW YORK, July 23.—Stockholders of Park & Tilford Co. authorised an increase of 40,000 shares of 6 per cent cumulative convertible $50-par pre- ferred and an increase in common from 250,000 to 300,000 shares. Com- pany does not plan to issue any of preferred at this time. 26'% 15% 102% 112y . 1008 508 2 12 108 24 25 152 1 40s 1 105 ! 1 6 1 7 6 5 0 5 6 8 0 2 2 5 1 1 3 3 6 108 11 10 SPECIAL DIVIDEND VOTED. NEW YORK, July 23 (P—Life Bale; Add 00. High. Low. Close. ehu 4 12% 12% 1 2% 1101 2 169 67 1937 Stock and Low. Dividend Rate, 1% Schulte Ret (r)._.. 23% 121 Schulte Ret pf _ 38 Bcott Paper (. IB[) = 1% Seaboard Air L (r) . 36% Seaboard Oil (1) 6% Seagrave Corp 81 Sears Roeb (3) 26 Servel Corp (1a) _. 29 Sharon Steel (1.20). 9% Bharp & Dohme 12 Shattuck FG (.60 26% Shell Union (%g)- 105% 102 Shell Un pf (5%) .. 12 Silver King (.65g)._. 40 Simmons (1g) .. 314 8imms Petroleum._.x 42 Skelly Oil (%g) - 12% 2T% 2T% + % 101 101 + % 158 66! 96 Sloss-Sheffield pf(6; 27% Smith & Cor (%g) - 16% Socony-Vac (%g) . 3% Sou Am G&P (.10g) 321% Sou Po Rico Sug (2) 155 141 So Porto R S pf (8) 224 Sou Cal Edis (1%a) 40% Sou Pacific _. 24 Southern Ry 4 37% Southern Ry pf_ 60 Spalding 1st pf_ 6% Sparks With _ 16 Sperry Corp (le)._. 26% Spicer Mfg __ 44 Spicer pf A (3) 19% Spiegel Inc (%g) - 80% Spiegel pt (4%) 11% Stand Brands (.80) 6% Stand Com Tob____. 5% Stand Gas & El (r)_ 13 Stand G & E pf (r) _. 33 Std G&E $6 prpf(r) 36% St G&E 7% p pI(r) . 2% Stand Invest 5 39% Stand Oil Calif (1a) 40'3 Stand Oi} Ind (1a) .. 6314 Stand Oil N J (1a) Sterling Prod(3.80) Stewart-Warn(1a) Stone & Web Studebaker Sun Ol (1a) 4 Sun Oil pf (6) Sunshine Mng (3) . Superheater (1%)_. 4 Superior Oil Sutherland P(1.60). Swift & Co (1.20) __ Swift Intl (2) x Symington ww .35g. Symington xw .35g_ Talcott (458) __. ‘Tenn Corp (%g) Texas Corp (2) 6 Texas Gulf Prod 33% Tex Gulf Sul (2a) ._ 11% Tex Pac C&O (.40) 10 Tex Pac Land Tr. 32 Thatcher (%g) 7% Thermoid _, 3 Third Ave.____ 23 THompson Pr(.90g) 3’3 Thompson-Star 15% Tide-Wat As (.35g) 91% Tide-W As pf (41) 17% Timken-Det Ax(2e) 55 Timken Roll B (3) 124 Transamerica (13)_ 22‘ 13 Trans & West Alr 11% 74 Tri-Cont Corp (% 10914 101% Tri-Cont pf (6) __ 1 8'3 Truax-Traer (.80) _ 30% 20th Cent-Fox (1g). 8% TwinCity RT 16's Twin Coach (. 302) 213 Ulen & Co 73 Underwood (lhg) 63 UnBag &P (2) 95 Un Carbide (2.408) 227 Un Oil of Cal (.858) 122 Un Pacific (6) 90% Un Pacific pf (4) 24% Un Tank Car (1.60) 2314 Unit Aircraft (13g) 1415 Unit Air Lines _ _ 221 Unit Biscuit (1.60) 69% Unit Carbon (4) 29 Unit-Carr Fast (2) _ 4 TnitCorp _ 32Y% Unit Corp pf (3) 10% Unit Drug (%g) - 18% Unit Dyewood (1a). 5% Unit Elec Coal - 45% Unit Eng & Fy (1g) 75% Unit Fruit (3) ____ 11 Unit GasImp (1) 6’5 Unit Paperbd (.30g) 11% U S Distrib pf 24% 15 U S & Foreign Sec _ 137 103% U S Gypsum (2) _ 23% 15% U S Hoffman Mach _ 43% 28 U S IndusAlco. 151 6% U S Leather_ 13% U S Leather A 89 U S Lea pf pf 515k . 4413 US Pipe (3)____ 10 U S Realty & Imp 444 U S Ruober ___ 81% U S Rubber 1st pt. 78 USSmeltR (6g).- 66% U S Smelt pf (3!1) 76 US Steel ___ 150 126% U S Steel Df L 9% 5'3 Unit Stockyds (%) 8la 374 Unit Stores A _ 8413 85 Unit Stores pf 18% Univ-Cyclops St(1) 63 Univ Pictures 1st pf 15 UtilP& Lt A (r) . 1'3 Vadsco = 24' Vanadium Steel 82 Van Raalte (1%g) . 40% Vick Chemical (2a) 12% 7 Va-Caro Chem T4% 48'; Va-Caro 6 pf(11:k). 115 105 VaEl& Pwrpf(6)_ 12! 6% Va Ir Coal & Coke _ 20'% Va Iron Coal & C pf. 3'a Wabash Ry (r) _ 74 Wabash pf A (r) 124 Waldorf Sys (1.20) . 247» Walgreen (2) ___ 84!2 Walgreen pf ww 4 42'3 Walker H G&W (2) 19 Walker HG&Wpf (1 11% Walworth .___ 24 Ward Baking A 5% Ward Baking B 11% Warner Bros Pict. 6% Warren Bros (r) . 8¢ Wayne Pump(1}; 1 Wells Fargo 431 Wesson O & S (3:a) 89 WPennElA (7). _ 8l West Penn El pf(6) 90% W Pen El 7% pf (7) 115% 110% W Penn P 6% pf(6) 123% 118 W Penn P 7%pf (7 30% 24 West Auto Sup 1.60. 11% 7% Western Maryland_ 4% 2 Western Pac_ 11% 5% Western Pac pf 8314 41'3 West Union Tel (3 57% 40% Westinghse Air (1). 167% 130% West EI& M (28) - 170 143 West E& M pf (2g) 347 29% Westvaco Chl pf l’/, 65 38 Wheeling Stl_ 33% 20 White Motor _ 6% 3% White Sew Mach_ 46's 256 White Sew M pf. 6% 4% Wilcox Oil & Gas._. 12% 8% Wilson & Co (%) - % 43% Woolworth (2.40) . 30% Worthington Pump. 81 Worthington pf A 6% WorP&Mpf B _ 824 Wor P&M ptf B stp . 80 Wright Aero_ __ ___ 48 Yale & Towne (.60). 20% Yellow Truck._ 74% Youngstn S&T 1% g 80 Zenith Radio(1%g) 4% Zonite Prod Approximate Sales of Stocks on I+ ++111 |+ll+;, F FF FIFISFE FF OFEFER 5 L 29% 15% 11% 10% 10% 50% re s rres ORI 0 I S ol R & OFIFEE 8) 4074 1714 26‘- Eryry & 5 F 3L LIS o bl 5 FEEEF 21 108 4 2% 39%, Ll +++ e BRNE S R B ¥F ¥ FErEry Frrrr+1+ PER FEE FIEXEELESF FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Add WA High. Low. Close. chu 1 1% 1% 1% - 3% 18% 13% 13% 40% 1% + % % i 85% Sloss-Sheffield S & I 3408 108 3 171 3 2 108 3 86 & |4||40|+0e|+ ++ - |a standstill. STOCKS IRREGULAR.: AT END OF SESSION Utilities and Few Other Issues Provide Supporting Base for Market. 15 80 s. Util. Stks 4 =1 442 692 438 693 402 643 518 6715 54.0 753 39.1 62.6 537 128 30.2 434 557 8.7 239 169 _1469 153.9 184.3 157.7 1927 low.... 51.6 953 61.8 61.8 ndis. R Net chlnp —_ 3 Today, close 96,2 Prev. day.. 96.5 Month ago_. 89.8 40.9 41.0 38.1 38.7 495 36.1 435 (Compiled by the Associated Press.) BY VICTOR EUBANK, - Associated Press Financia Writer, NEW YORK, July 23.—Utilities, in addition to a few other widely scatter- ed issues, provided the supporting base for today's stock market. The list got off at a fast upward clip with motors and steels in the lead. The rush slowed down almost as quickly as it began and initial gains of fractions to 2 points were reduced or replaced with losses in many in- stances. Brokers thought shelving of the adminisiration's court bill, likelihood of a near-by adjournment of Congress, and the continued flow of favorable earnings statements may have been discounted to some extent. The ticker tape frequently was at Transfers were around 900,000 shares. Automobile issues inclined to back away as motor car production this week dropped sharply. Although freight loadings for last week moved up above the 770,000 mark, the increase was less than sea- sonal. Rail shares, ahead for a time, slipped. Resistant, though, were Great Northern, Southern Pacific, Atlantic Coast Line and Southern Railway. Pointing higher the greater part of the session were Consolidated Edi- son, North American, Electric Power & Light, $tandard Gas, American & Foreign Power, American Water Works, American Tobacco “B,” Anchor Cap, American Locomotive, Loew's, ™ | Brooklyn-Manhattan Transit, Johns Pi++ 44401 V41 0++4+10 1 SR FEETTESES L+ 7 49% 43 153 157 304 531y 241 e 34k 5 97w 46 40 106 9145 904 100 55% 25% 921y 10% 46% 40'5 108 9y 90Y% 101 5 56 58 250 67 93% 6 37T 36% 36% 5% 5% 54 the N. Y. Stock Exchange. 1608 b | 90% +5% 100 -2 564 + 5 251 — 1n 2% + 1 1 308 43% bln.knlpwy act. Rutu of dl bursement on tion. inclided. last LR LT Slared this o Hog Top Climbs To $13 for First Time Since 1928 By the Associated Press. CHICAGO, July 23—The $13 top appeared in the Chicago hog market today for the first time since Septem- ber, 1928. On » 10 to 15 cents higher market, packers paid $13 per hundredweight for choice swine weighing a little bet- ter than 200 pounds. This meant that’| dend. regular | animals most in demand were worth more than $26 a head. At times in 1933, comparable were worth around $7 per head. ' Total Sales tor un day. 3Unit of trading 10 sl rln bankruptey or Octiveratip, o belng reorganized under 3. anm otherwise noted. special “:"r able 1 -h" ‘stock. 290,000 12:00 Noon. 440,000 590,000 2:00 P.M._ - 710,000 910,000 securities assumed by such compan vld‘nd‘ in the foresoing table are annual dis- the last quarterly or semi-annual declara- or extra dividends are not xr Fx rights. 8 Also extra or extras. e Paid Declared or paid so ‘far this lMl:\lmulltefl dlvldl:.fl I:?d .ol; de- DIVIDENDS INCREASED BY THREE COMPANIES B the Associatea Press. NEW YORK, July 23.—Pittsburgh Plate Glass Co. has declared a divi- dend of $2, payable August 20 to stock of record July 30. On July 1 the company paid a dividend of $1.50. Hamilton Watch Co. announced a dividend of 60 cents on the common, payable September 15 to stock of record September 15 to stock of record September 3. The company paid 40 cents on June 15 and 25 cents on March 15. Atlas Plywood Corp. declared a divi- dend of 50 cents on the common, payable August 16 to stock of record July 23. A dividend of 37! cents was paid on May 18, Manville, Cerro de Pasco, Kennecott, Bethlehem Steel, Oliver Farm, Phillips .Pelmlaum and General Electric. CHICAGO GRAIN By the Associated Press. CHICAGO, July 23.—Virtually 6 cents a bushel downward plunge of | the market for July delivery of corn took place late today. The fresh collapse of corn prices fol- lowed announcement that 500,000 | bushels of corn had been tendered in | month-end settlement of Chicago July contracts, a total larger than had been looked for. Corn crop news continued unusually auspicious. At the close corn futures were ranged from 4!; cents lower to 1!, higher, July, 1.08-1.08';: September, 1.02%4-3;; December, 77!:-5; wheat, | 1'5-2'. advanced: September, 1.197 - | 1.20; Deeember, 1.2214-13, and oat., 14 off to % ~1.06% 1.06% .03 85 Bilg an Rhitg S8 17.00 Chicago Cash Market. Cash Wheat, No. 2, red, 1.25-25!;; No. 2, hard, 1.28';-3;. Corn, No. 2, yellow, 1.10-12; No. 2, white, 1.11':. Oats, new, No. 1, mixed, 34-35; No. 2, white, 353,-36%;. Rye, No. 1. 94: No. 2, 9234. Soy beans, No. 3. yellow, 1.23. Barley, feed, 53-70, nominal malting, 71-90, nominal. Quotations. Winnipeg Prices. WINNIPEG. July 23 (®.—Grain rans today: Prz WHEAT— High. Low. Close. July EREIRETE) October - 1331 1389, December 3 30413 FhY clm- o 1R Srait 1510 “- 84 NEW YORK COTTON By the Associated Press. NEW YORK, July 23.—Further de- clines into new low ground were registered in cotton today under liqui- dation promoted by continued favor- able weather and crop advices from the South. By midafternoon sellers became cautious, owing to the extent of the recent decline of more than $5 a bale, and when the market became quiet partial rallies followed on trade buy-™ ing and covering. December recovered from 1143 to 11.50, leaving quotations 8 to 11 points net lower. Futures closed easy_ 31 to 26 lower. igh. Clos October December January "8bot auet: midd n—Nominal. Cottonseed Oil. Bleachable cottonseed ofl futures closed steady, 1 to 2 lower. Sales, 92 contracts, including two switches. Sep- tember, 9,03b; October, 8.99b; Decem- ber, 8.98b; January, 9.0lb; March, 9.02b, b—Bid. AIR TRANSPORT INDEX UP. o NEW YORK, July 23 (Special).— The indicator for revenue passenger miles in air transport for June, 1937, stands at 113.2, or 13.2 per cent im- proved over the corresponding period in 1936, according to the August issue of Aviation. For May the indicator stood at 103 BULOVA VOTE DUE. NEW YORK, July 23 (#).—S8tock- holders of Bulova Watch Co., at the annual meeting scheduled for July 27, will be asked to vote on & proe X posal to increase authorized common stock to 500,000 shares from 335,000, of which 324,881 are now outstanding. ¢ .