Evening Star Newspaper, July 24, 1937, Page 10

A—10 = OTOMAC POWER FINANCIAL. THE _EVENING STAR, WASHINGTON, D. C, SATURDAY, JULY 24, 1937. FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ST0CKS EDGE UP Chrysler Leads With Gain of About $3—Utility Shares Climb. Prev. 1937 Stock and Bales— Net | Prev. 1937 Stock and Bales— Net | Prev.1937 Stock and Dividend Rate, nBag& P (2) - 2 Tk 76l + ‘n Carbide (2.408) 1102 102 Bales— Net Add 00, High, Low. Close. chge Prev, 1037 8tock and Bales— Net | High, Low. Dividend Rate, Add 00. High. Low. Close. chge | High. Low. Dividend Rate. Add 00. High. Low. Close. chge. | High. Low. High Low. Dividend Rate. Add 00. High. Low. Close.chge. | 58 4714 Food Mach (1) ____ 10 bl% 51% 61% +1%| 13% 7% Real Silk g ey 910 6 S e e B D 194 19 19% + W[ 128 108 Food Mach pf (43) B60s 116 115 116 +4 44 2 Reis&Co 1 2% 26 2% 111 95 4% 2 Advance Rumley. .. 2% 2% 2% + | b4l 371 Foster Wheeler . _ 4% A T4% T4 T4 — % | 321 241 Freeport Sul (1g). 304 30% 29's 21 Rem Rand (.708) 3 264 25% 26 1488 2% 2% 2% 71k AR CabrialA 5% & —m| 94 5 ReoMotor .. _ 6la 6 6 11% 11% 11% = Y| 153 113, Gair (Robert) z 14 14 — % | 47% 27% Republic Steel 39% 3814 39y GACEE: 3 = | 391 361 Gair (Robt) pf (3)-. 36% 86% 836% — % | 1104 971 Republic St pf A(6) 3 108% 37 3 37 33 22 Gamewell E % 25 25 — u| 49% 32 Revere Copper & B_ g 367 37 3414 19 11 Gar Wood Ind (%) 13% 13% 30% 2215 Reynolds Met (1) _ . 24% 38 41| 1513 1014 Gen Am Inv. 13'a 1315 134 + % 4 4 Rey Met rts Augl? o 5% 4 M| 8615 6215 Gen Am Trns(11%g) 68 68 16 Reynolds Spr (1) 21% 19 19% 10% Gen Baking (.60) __ 12% 12% 12% + % 49 Reynolds Tob B (3) Bl ) 697 1% | 153 134 Gen Baking pf (8)__ 136 136 136 Roan Antelope 1.11g 6414 — nit Brult (3)-___. 26 — 4| 32 20 GenCable. . 26% 27 4% Ruberoid (.60)_____ 4 6 36 11 Unit @asImp (1) 1 S 1 44% — 4| 22% 16% Reliable Stra (1)___ 2 19% 19% 19% 2814 22’.]\ 1 1 1 1 1 1 1 1 1 1 6la + M| 65 3914 GenCable A ___ 313 62% 53% + 14 Safeway Strs (2) 5'1:'“\(1‘:\]|Nful (.308) 1 1 1 1 1 1 1 1 1 1 ! 1 1 1 nOilof Cal (.858). 5 25% n Pacific (6) 1131% Tnit Aireraft (3g). 18 29% 801 64 Air Reduction (1a)- 6% 2 Air-Way ElAp __ 15% 11 Alaska Jun (.60a) .. Capital Transit Report for| 5 2% Alleshany 3415 Alleg pf $30 W 45% 3013 Alleg Steel (.80g) _. Half Year Also Shows Huge | zsa 215 " Aliiea Chem (5 331 20 Allied Mills (2g) __ Percentage Gain. 21% 15 Allied Stores (.20a). 57 Allis-Chalmers(1g) BY EDWARD C. STONE. 9% 23 Alpha Portland (1) 4% Amal Leath Total net income of the Potomac 12 83 Am Ag Ch Del 2%5 Electric Power Co. in June amounted 20% Am Bank Note (12g) 0 $372,829.92 an increase of §31,116.- 901 Am Can (4a) < 33, or 811 per 821 28 Am Chain & C(34g). e . % 1% Am Encaustie Til. Vor s Am Buropean See 1936, according 62 Am & Forejgn Pow_ to the monthly AM&F P $6pf . report filed today Am & For Pw §7 pf with the Public Am & For Pw 2d pf. Utilities Commis- D amian B (D) iy 5 Am Hide & Leath . . 40% Am Home Pr (2.40). June operating 213 Am Ice s revenues totaled 3 124 Am International . $1191,047.93, & 37 Am Locomotive - gain of $66,282.- _ 43'% Am Metal (%g)- 7 AmPow & Lt - f'“-tm'n”f‘_ e 404 Am P& L $5 pf (5). cent, the repor 49 Am P & L $6 pf (6) . said. Deductions 18% Am Rad & St S(.60) for operating ex- 31% Am Roll Mill(1.10g) penses, taxes and 6% Am Safety Raz (2)_ depreciation l-\"\fit‘fl'l"‘.‘(“ B) called for $744.028.84, an increase of | 1ndle Tn Amm Smit& R(24e) $5042079, or 727 per cent, leaving 159% AT el e e o net Tevenues from operatiors of $447,- 3% Am Tobacco (5) 019,09, a gain of $15,86178 over June, 74'x Am Tobacco B (5) 1936, or 368 per cent. Deductions for | 28 e T interest payments took over $81,000 AR The Potomac Power report for the | o0 gu Am 7 g first six months of 1937 revealed very « Anaconda (% g) substantial improvement in earnings 4 18 Anchor Cap (.30g) over the same 1936 period. Operating | 111 106 Armour Del pf (7)_ increase of $311638.15, or 446 per it Air Lines ____ nit Corp, e Tnit Corp pf (3)-__ it Drug (% g) __. Tnit Dyewood (1a)_ Stock Averages 30 15 18 R0 Indus. Rails. Util. Stks, Net change. +6 + 2 +9 +.6 Today, close 975 411 451 70.1 Previous day 96.9 442 695 Month ago.. 89.1 399 636 Year ago. 522 679 1937 high 9 540 753 1937 low 391 626 1936 high 3 43 537 728 1936 low 434 557 1932 low. 239 169 1929 high.__146.9 153.9 184.3 157.7 1927 low. 516 953 618 61.8 94% — M| 6474 49% Gen Elec (.80g)_. 59 t Joseph Lead (2a). 20’ 11% U S Distrib pt 30+ 15| 44% 36 Gen Foods (2)_ 38% chenley Distill(3). 8 47 T 41 laiu 157. (‘}:mmun 107 3% 14 GenG&EIA _____. 2% Scott Paper (1.058)_ 110 — B IEN TS B 30% + % | 124 117 Gen Mills pf (6)___. 119 Seaboard Air L (r) - 1); U S Hoffr 9% — | 701 4814 Gen Motors (1%g) - 567 567 Sears Roeb (3) ___. 19 9 B 94* B 6L 13% 48| 110 106 Gen PrInk pf (6)__. %0 108% Servel Corp (1a) Zl‘ 10% + 314 Gen PubSve Shattuck FG (.60) __ ’;, 5 45 11 3 Gen Real & Util_. Shell Union (leg)__ 3 29 S : 0 B6Y 2% 48 GenStlCastpf ___ Shell Un pf (513) o 2T +1% | 33% 201 Gen Thea 1q (% g) . Sheiteoleumt : 3" a5 16 3415 Gen Time In (1a) ey Ol (126 E)E 59 S 8% + 4 T 141 Gillette (145) 54 Sloss-Sheffield S& I 40n s @3+ 201 Gimbel Bros Smith & Cor (&) 1 3 - £0% Glidden Co (2a)- Sdcony-Vac (4g) . 62 14% 4 Gobel Adolf 5 Sou Cal Edls (11a) 474 + Y 5% Goebel Brew (.20a). Sou Pacific 52+ %| 5015 31 Goodrich (% Southern Ry. 12+ | 7% 777 Goodrich pf (5) Spalding 68 +1 47% 273 Goodyear T&R (1g) Sparks With_____ 67% + 141 100 Goodyr T&R pf (5)- Sperry Corp (1e)-. 22% + M| 131, 73 Gotham Silk H__ Spicer Mfg % 37 4+ u 4% 3 Graham-Paige Spicer pf A (3) 28% +1% | 15 64 Granby Consol Spiegel Inc (% g) 28 5% 25 Grand Union __ ___ Spiegel pf (413) 94 +1 | 475, 3415 Grant (WT) (1.40a) Stand Brands (.80) 59+ M| 56% 40% Great Nor Ry pf _ Stand Gas & EI (r)_ 1_7’;" = .1)5:. 12% Greyhound (.80) Stand G & Epf (1) . 82 4 15| 20% 18% Hall Print...._. Std G&F $6 prpf (r) Sl 251, Hamilton W (1% ) St G&E 7% p pi(r) g 11' Hecker Prod (.60a)_ Stand Oil Calif (1a) L 3515 Holland F (1g) Stand Oil Ind (1a) . e ) Ve Holly Sug (254 8) Stand Oil 145 Yol 471 Homestake M(%g). 57% +1 Starrett (L § e 2 18 Houd-Her B (172) Stewart-Warn(4a) Lk 1214 Houston Oil : Stone & Web_______ 1085 62 Howe Sound (3a)_ 12 Studebaker 5 5 13'¢ Hudson Moto Sunshine Mng (3)__ : 3 Hupp Motor 4 Superheater (1%3)_ R1, 10 CEN hIX 21 Illinois Central superior Oil 124 Ingersol Rnd(1 iperior Steel 173 Inspiration Copper- Swift & Co (1.20) _ 5% Inter Rap Tran (r)_ A£6 Intl (2) - ———_ 41 Interchem Corp(2)- mington ww .358. 4% Intercontl Rubber. ymington Xw .358 - 16'3 Interlake Iron___ 5% Texas Corp (2 5 Intl Agricul __ . sulf Prod 189 146' Intl Bus Mach (6a). AL 115% 991 Intl Harvestr (2%). % Tex Pac C&O (.40) 162 1447 Intl Harv pf (1) .. }(l, e [,‘:‘nd S & 8% Intl Hydro-Elec A__ 85 The Fair pf (7). A 000 D3R e R GO e O i D T 1 e e ) - ran TS Steel pf (7) nit Stockyds (12)- “nit Stores A “niv Pictures 1st pf Util P& Lt A (r) __ Vadsco Vanadium Steel Van Raalte (1%g) . Va-Caro Chem _ Va El & Pwr pf(6) . Vulcan Detin (3g) - Wabash Ry (r) ___. Wabash pf A (r) . Walgreen (2) : Walgreen pf ww 413 Walker H G&W ( Walworth ird Baking B ner Bros Plet__ ner-Quin (r)__ o > 3 aFamanaSn (Compiled by the Associated Press.) o wonmaB AN BY VICTOR EUBANK Associated Press Financial Editor. EW YORK. July 24 —With Chrys= ler in the lead at a gain of about 3 points, and utilities turned over in heavy volume at sizable advances, stocks finished today's brief session | on a rallying note The list shuffled along a bit un- M easily in the first hour as profit Wayne Pump (11 %) sellers cashed in here and there. Buye Wesson 0 & S (1za) 5 5 ing support appeared in the final :: .l:vy;x'\ulnl‘ A’\. ‘r‘-:lfi} s a¢ . i half hour and advances were general, IWestDeun ELoLe) i | Chrysler responded to the come West Auto Sup 1.60. 2 | pan €arnings statement, released T | after the close yesterday, which was Westinghse Air (1) better than Wall Street expected, West Bl & M (2g) Declaration of a $350 dividend also John M. Cherry 4440410 it o e u it H o Sl Rasalaen o s ® 4 IS8 5 o D MR AN AR RO NS ADOND NAH—L N NB D A= DAREN Stock Exchange. 12:00 Noon _____510,000 L) 450,000 - a Also extra or extras » M pnafuatrnnlearnuanSnn S nanassanmao s Bucyrus-Erie Budd Mfg = « Budd Wheel (.20g) - Bullard Co (1g) _ Bulova Watch (4a). Burr Ad Mch(.65g) - Bush Term (r) ___ Butler Bros (.60) +14 55U — Y 284 6 1519 21% 79 14% Lehn & Fink (1%) . 5813 Libb-Ow-F Gl (3g)_ 25% Life Savers (1.60) _ 944 Liggett & M B (4a). 5113 Link Belt (2) 2 26 Liquid Carb (2.60) 641 Loew's (2a) __ = pound sack, 50a60; carrots, Califormia, crate, 3.00a4.25; Pennsylvania and New Jersey, dozen bunches, 30a40; nearby, bunch, 2!a4; cauliflower, crate, 1.75a1.90; celery, crate, 50a2.00; corn, nearby, sugar, dozen, 15a22; 8al10; mackerel, 5a6; white perch, 6a8; yellow perch, 10a12; trout, 5a6; blu fish, 10a12; flounders, 10a12; croakers, 4a5; spots, 4a5. hardheads, 4a5; but- terfish, 5a6; soft crabs, 1.25a2 crabs, barrel, 3.50a4.50; dozen, 30a45; | declining to 1.18% and 121, respec- ly, soon after the opening Rowever, moderate buying checked the decline and the deferred contracts rose “hard | about a cent above the early low. This buying was associated with re- Soon, | Food Machinery, Columbia Gas, Na= tional Acme, American and Foreign | Power and Santa Fe. Backward were Corn Products, Con- tinental Can, National Lead, Motor Products, Texas Corp. and Pure Oil 3 e SofiEy e nenar 31% + 4| 754 50% Lone Star Cem (3)_. 670 = 1 5% 21 + % 3 281 30 — %| 28% 20 Lorillard (P) (1.20) 3% 127 Lorillard pf (1) __ 14% + Y% 19'% Louisv G&E A 113 3% 29% Luldum Steel (1)_ 261 + Y% 14% McCrory Strs 118 + 14 12% McKes=on & Rob 15% + % Mack Trucks (1) 48 +1 Macy (R H) (2a)_ 1814 +134 Magma Cop (1%8) - 98l + B Man Ry mod gtd(r). 374 = % Maracaibo Oil __ _. 4 8% + Y% Marine Midl (.40a) - K 1.10; 13% + Marshal Field . 52 -1y 19% Martin (Glen)_. 19% +1 Martin-Parry. fleld, dozen, 8a10; cumumbers, bushel, 35a60; nearby, half bushel, 25a33 eggplants, bushel, 150a1.75; nearb; half bushel, 1.25; lettuce, California, crab meat, pound, 25a35: shrimp, 15a | Ports that the decline in prices had 20; clams, large, 100, 80a90; Cherry- | stimulated domestic four business and | BRIGGS HOLDERS BAR Stones, 60a65; Little Necks, 50 foreazn inquiry for hard Winter wheat, CONSOLIDATION PLANS Vel Besem B)g“mg’\‘ each, 25a35. uh\lr:, at the same time, tending to ‘Bc:::;;:;, c::ab:; ’2;:50‘ - lima béflnsi | Tobacco Market. check heavy farm sales The peak By the Associated Press. | bushel, 4 0 | DETROIT, July 24.—Stockholders et S i i ) of the movement of new wheat in the | D g of the Briggs Manufacturing Co., in I s Southwest has been passed. k. 50a75; peas, bushel, 125a240; 3a4 per pound; common, 4al0; me- | ? | peppers, bushel, 15a90; nearby, halt| dium, 10a30; good to fine, red, 30ad0; | | oIS ’,?Jai.‘&’"{fm‘n“‘lo%“fiéuzfo"—.“5‘3'5 S0 o0ec 81 mcesing yesiervay, relected | huchel, shades squash, nearby, half | seconds, common, 3a7; medium, 7al5; | 000 bushels, oms oh&e;\'c}s oxprrwsm‘x and abandoned a proposed merger bushel, 35850; tomatoes, half bushel, | §00d to fine, 15a35. belief more business had been dons | Vith the Motor Products Corp. 40a75; 12-quart basket, 25a50; nearby, than was reported. Canadian export | _I0€ Stockholders also approved a half bushel, 40a75; apples, bushel, 15a trade was estimated at 1,000,000 | FeSOMution authorizing the board of nearby, half bushel, 15830; CHICAGO LIVE STOCK. bushels with more business belicyed | GireCtors to proceéd with plans for blackberries, quart, 12l2al5; canta-| CHICAGO. July 4 7 i | to have been done today. the facilities necessary to manufac- loupes, crate, 25a1.00; packed !ocally.“[x)f:?fim;m o0 ATeck : | “Wheat fiuctuated rather nervously | }t]\;{e ;e“m body parts that would bushel, 25865; nearby, half bushel, | on sale, nominally sieads: shivners t00% | ot of the time, reflecting uncer-‘gfl}e en acquired through the mer- 25860; honey balls, crate, 2:25a3.00; | werk &0 TR ieflis aid niit 5= T, | tatnty as to the final crop production | & honeydews, crate, 1.25-1,5h r:)uci;le]- mim‘,"“ Ry :’ Eineisove in Spring wheat territory both sides = : shel, | " Cattle. 500 caives, 100 e i . DRle Y winy Mo pepiey T | Gie ol g 100 e Camaaten Do FAcHelcon CHICAGO STOCK MARKET .25, oA +| Gbridement. strictly gr 3 sall s very nearby, half bushel, 30a50; raspber- | veariings oo- iR | spotted due to rust, heat and grass- |y, i Hicial Tis ries, black, quart, 11al3; red, pmt,ififfi‘»k’e‘?‘» S ;’f?c‘“'“ | hopper damage, and emphasized that | siocks on the Chicags *Stoek eiis 6a10; watermelons, each, 12a30. Back fo-scason’s final production could not be deter- | 9% Mission Corp (1g) . Dairy Markets. mined until harvest ’ Mo-Kan-Texas __. | 3 | pounds downwar T July corn, after a 20 cent drop this | : Live poultry—Broilers, Rocks, pound, | gounds dowr ) or ily corn e s 20a24; mixed colors, 20a22; all kinds, | higner 0% | week, rallied sharply at one stage to- Mohawk Crp(1.20a) ”, vealers , el . | day, advancing 3 ‘u'n': to 111 on| t ‘h1lag r rns, 17a | NS 2 < = o b Monsanto Ch 11, poor and thin, 15a16; Leghorns, 17a |,y short covering. Then selling knocked | ot Asbestos “Mie_ \ nvest Montgom Ward(2a) 20; fowl, Rocks, 20a22; mixed colors, | 10 loug Syewnlings = . Lol = Mother Lode < 18a20; Leghorns, 15a17; roosters, 12a | vees literat sropnrt | the price down 313 cents to $1.07:. | 100 Bastian "Biess Motor Prod (13:g) e aad = riings in crop New crop corn deliveries as well as| 10t Do Drem Motor Wheel (1.60) 14; ducks, 12a14. | oats and rye were slightly lower, re- | Butler Bros _ strictly grain-fed steers Eggs—Current receipts, dozen, 21a | upward: grassers and 1100 Sanal Const cv B 00 Castle A M o8t £ 3 | flecting domestic crep conditions. 22; hennery whites, large, 25a26; 1l Pub Sve pf : week. endin Provisions also declined. G i medium, 22a24; receipts, 1,211 cases. | JIEy Bridiy Tast week: Most Spr Around midsession, wheat was un- | 7} Sen &8 W U Butter—Prints, pound, 34a35; good . i 3 k: Most S n & SW ol pf 94 1.00°and more higher. ye: changed to 7g lower, compared with | 78 to fancy, creamery, 31a32; packing | proved O up: siaughter sheep at least 1esry Burrell yesterday's finish, September, 1.197%; week's Spring iamb top. 1:x}n(r:: Sorp Sh‘"' ‘415 stock, 16a17; rolls, 19a20; receipts, | P, [or both nauve and rane offerinkS | ooty 916 and corn was 1 cont kood, “9: | higher to 1% lower, September, 1.0875; at finish: week's bulk Westerns, 10.00 1600 Cities_Service e Hatiyee 11,00 Con_Biscuit = E303gLubs) poing 184 carltornia | Spring - lambs | ) Sonsumers Co” bt Live Stock Market. {Wooled). .75 on Tuesdav: firs: Washine- | December, T61;. 1 Cord_Corp % j- | tons on same day graded good and aver- 00 Davton Rubber Cattle—175; compared with Fri-|aged X0 pounds at 10 0. with 1 head 100 Qagton, Rubber A day last week, steers and she stock |per car at o0 medim io choice year- |20 Gartider-Denver n mostly 50 cents higher; some steers up wv.pm;‘n‘d”w x"m“lm ot close: _M”j,g';g }géag:}:g,d more; steers mostly medium and good | €¥es: 3.00-5 00 or abov 150 Gossard H._ W grades grass flt,yll,OOAla 00; plain 2 3 J*.:;;gggfi‘:‘?g MiEs quality kinds mostly 10 OO‘dovmwa;d INSURANCE STOCKS o fupp Mo ° - to 8.00; plain fnd medium gr : OREIT e tures opened barely steady, down 10 10 Jarvis (WB) heifers, 6.50a9.65; good grade COWS, |curity Dealers’ Association: to 22 points, with influence of “eak‘ 7.00a8.00; some on heifer order t0 | Aetna Gas (2a) .. 9212 o4t | Liverpool cables and foreign selling 850; plain and medium grade fax A%HA Iog 40, 4 partly offset by trade buying and cows, 5.50a6.50; low cutters and cut- | Am Eauft i} 6a) i covering. October, 11.20; December,| 20 Lawbeck pt shelly” kinds under | Am Beine s fo2p = 1113; January, 11.13; March, 11.20; | b0 Fioe® o5 Gur 4.00; bulls, 25 cents or more higher; | Am Reserve May, 11.22; July, 11.21, | 350 Marshal Pieid plain and medium grades, 550a7.00; | Altomobiis (1. After initial demand had been filled, yMid Svest Corp stocker steers, 6.50a9.00, mostly 400 |BAlt Amer 2ia) net loss of about $1.50 a bale ap- AL Q;;gh\,‘,kcl;;‘n war | peared with December breaking below |7 Midl Ut | the 1l-cent level for the first time | since June, 1936. | e Carolina (140 to 7 unds. po 10 Midl Ut Liquidation increased from domestic Wil Bis (2) . 080 53 D0 1 DD 30 it 00 %0 B 3D s o s Fremowns CHICAGO July 24 (P —Following is showing long y s STOCKS. High. Low. Close. 00 Adams Roy 10 03,7 g3y 300 Aetna B Bearing- 13% 13 . Mueller Brass (1a)_ Mullins Mfg B_ Murray Corp - Nash-Kelv (1)_ Natl Acme (%g) __ Natl Biscuit (1.60) _ Natl Biscuit pf (7). b e ason eismiie an £ s 2R3t Sn e BT ) 54% Armstrong Crk(1g) cent. Operating revenue deductions R i ey required $4.204,988 86, expenses being 11 Arnold Const (%g). R e ] 15 e e | topped the hopes of the board rooms. Net operating revenues reached $3.- iR e n Vheeling St Utilities continued to reflect signs 010.610.83, an increase of $261,634.43 S B S White Motor , an increas $261,63 5 93 Atchison pti(5) . Wilson & Co (3 | of an early adjournment of Congress or 9.52 per cent. The usual deductions 44% Atlantic Coast Line. Wbl R aathi (o | as well as improvement in the business to meet interest payments required 27% Atlantic Refin (1)__ Worthington | outlook for most corporations in this $508.263.28, a substantial saving of 15 Atlas Corp (.80) Yellow Truck fleld. Steels, tilting lower for a time, $90,678.95 over 1936, amd leaving a 68% Atlas Pow (13g) 467 Young Spring ( came back fo s 11% Atlas Tack (%g) i : 3 | for modest gains. A few total net income for the six months A i SO | rails pointed upward, but most held of $2.548.824.79, a gain over last year 5% Aviation Corp _ 615 Int Mer Marine Theswald e | to g restricted groove along with a of $243.465.12, or 15.57 per cent. 4% Baldwin Loco (r)__ 10 Intl Mining (.30g) . MR diAva i s iy = | nurfiber of other categories. Cherry Joins Wellington Staff. 4% Baldwin Loc asd(r) 554 Intl Nickel Can(1g) 4 Thompson-Star |/Aproximate Salesior Stocks on | Transfers were 20% Balto & Ohio 5% Intl Paper & Pw C Tide-Wat As (.358) 11:00 AM..__ . 150,000 sha John M. Cherry, a former life insur- R 904 Intl Paper & Pw pt_ Il Az il et s s e shares. ance general agent and at one time SRic : ST, 4114 Intl Shoe (2)_ 5 = rIn bankruptey or rce With bumper crops in the offing and 231y Barnsdall (1) = Timken Roll B (3) .. BAn kD re T et bredlcHana the T president of the District of Columbia 211 Beatrice Cr (1) 3(1.-;. ;::} ;Lll\erT” Transamerica (1) pursq ates of dividends ) s {;he Iarlz::'\z !“;‘Pb!nlted Slazeilwm be Life Underwriters’ ociation, has 11% Beldin-Hem (1) ___ 3 i Tri-Cont Corp (% &) ursements based on the 1 LSEy oy saml annuslideclun st wheat exporter this year, become associated with the Washing- n;u. ;vnm\-x_.\\xat (:1:;. f?‘“ }g:::.:f:;e‘rv‘?o;z.g Tr““_.‘.m;r’;_s,}, _ | Yo, | Unless otherwise gcxeid,hweun or extra dividends are;n ol ::mfl‘lls of a%rl}r‘ullural spending over t4 3 0% Benef L 1.321, - 4 TwinCity RT ___ Ex dividend. xr rights. e 1 e ance V' - S Siue ot W Wlineon Bounds 78" Bathiehein St ()2 6915 Tewel Tea (4) & e o [last sear. T Pavable’in siock. * & Declurcd or patd so. (ar (hi3 | Jectoq iy tx;i;” Sniiaied s tion, distributors of Wellington Fund, g 17 Beth St15% pf (1).. 120 Johns-Manville (3). Uiderwood th)- unrd 'r}: Cash or stock. Kk Accumulated dividend paid or de- b o ering specialized with home offices in Philadelphia, it | 1291, 108 Beth St17¢ pf (7) 128 :2(7) 11,0h“sx“cmi pfhk\), s inzed this yeur. Cfii:?f!ngai?;r;p;:f another ba;ch of was reported today. 297 22 Blaw-Knox (.45g) . 17% Jones & L pf (32 lon earnings figures. A resident of Washington for 25 Bloomingdale .85g_. 46 28 Kalam Stove (1a)._. mostly 17.00 to 22.00 per ton, but poor CHICAGO GRAIN _Edging up as much as a point or so years, Mr. Cherry has been active in 14 Boeing Airpl 23% 12% Kelsey-Hayes A ._ grades are hard to move and the mar- were United States Steel, Bethlehem, the financial district and in civic af- s O T e ket is irregular on all grades beloW | p.iho associated Press Consolidated Edison, North American : : on Ami L 1y en = | g ectric Power & Ligh! fairs, playing prominent roles in Com- 2133 Borden (1.60) .- 69% 51 Kennecott (28) . . o /| CHICAGO, July 24—Wheat drop- | o New * yerses, - oo, Dublic Service munity Chest and Y. M. C. A. drives. 387 Borg-Warner (2) . 46% 37% Kimberly-Clark (1) £pecicl Dispatch to The Star. StraweMarkeb: quieb under” faltlyl| o Ge s oY otending the Week's S ey, American Water He is a member of (he Board of Trade 1% Botany C M (A) (r) 29% 20% Kresge (SS) (.60g). BALTIMORE, Md,, July 24.—Poto- | liberal receipts, but prices hold steady | 1,.c 4o around 9 cents a bushel, before | R";b:-_ ‘i‘:("‘fll Motors, United States and several of the city's leading clubs. Bridgeport Br .40g_ T 7! 24% 18 Kroger Groc (1.60)- toes, per 100-pound sack, 75al.l5;|at 13.00 per ton for No. 1 wheat s:nd. | sufficient buying power appeared to- ul Sx, : acogda, Kennecott, Amerie The Wellington Fund's Washington | % Briges Mfg (13%g). 13 37 27 15% Laclede Gas__ 2 barrel, 135a1.75; sweet potatoes. old, | No. 1 oat straw. Lower grades slow | oot 1ol the market to around | C2I SWeLtng. Du Pont, Westinghouse, office is under the management of | ;oi EM n. ian(}usz))_ £ :: 18 Lambert (2) __ 4 G bushel, 60a1.25: new, bushel sales at irregular values. Nelerani o | Allled Chemical, New York Central, William M. Canby and is located in BKIyn & Queens. 185 & Tehigh Val Conl gt beans, bushel, 60a75 Sea Food Market. The pressure of hedging sales con- | You'er, Pacifc, United Corp., Com the Woodward Building Bklin&QTpt 915 19% 19 24% 134 Lehigh Valley RR_ 50a90; beets, nearby, bun Catfish, per pound, 5a6; dressed,|tinued to depress the market, with o i SeE cal | per. o i Radiator, Armstrong Cork, J. I. Case, Transit Net Up 406 Per Cent. Bklyn Un Gas 2.30g. 3 301, 4312 36 Lehman Corp (1a)_. | cabbage, round type, bushel, 25a40: 50- | 410, carp, 3ad: eels, 8a10; haddock, | September and December weakened, g s bl i Net income of the Capital Transit Co. in the first six months of this year amounted to $122,185.77, against only $2411538 in the like period year ago, an increase of $98.070.39. or 406 per cent, according to the report filed with the Public Utilities o s e C;)r;l;x;)zg(::; While 8 half years net Sl o X is sma or a big corpo- Byers Co | e ration, yet the uptrend caused a good | Byron Jack ((1g) . deal of comment in the financial | lahanZ-Ld - district today. alumet & H (%) Operating revenues for the six | 4 Campbell Wy (1) months summed up to $5546.929.61. | 'jj‘"flg]fla’iflfia"”{:"-- an increase of $426.445.57, or 83 per | 19% Gap AN A (KBS cent. Operating expenses, taxes and 47 Cap Admin pf A(3)_ depreciation amounted to $5,103.994.72, 138 Case (J 1) 5 up $304,460.81, or 6.3 per cent, and 85 Caterpillar Trac(2) leaving an operating income of $442.- 26% Celanese (1%g) 934.89, an improvement of $121,894.76, | ‘?‘7 gefl"fll Fd»‘(‘l - or 3.8 per cent Revenue passengers ja Certain tseq N - 4813 Certain-teed 6% pf- numbered 83.571,838, a decrease of 1413 Checker Cab Mfg. 822,181, or 1 per cent 67 Ches Corp (3) 5% = % Masonite (1a) June operating revenues totaled 501 Ches & Ohio (2.80) 52U — & Mengel _____ $493,47754, up $41.667.81. Operating 24% Chi Mail Or (a)- Mengel 5% pf(21%) expenses, taxes and depreciation were 1% ChiMStP&P (r) . 2 Miami Copper 2 higher, amounting to $851,053.60, and B S e ot oo Q}f(’!’l;‘\’;“sfi“l‘;;fi)’ an increase of $34.226.16, or 42 per 21 Chi Pneu Tool - 120 96 Minn-Hon Reg (3). eent. This left an operating income 35 Chi Pneu T cv pf(3) 8 39% 39 164 11 Minn-Mol Imp = of $92.423.94. After charges for bond 14 Chi Yell Cab(1%g) - 2% Minn StP&SSm LT interest, net earnings stood at $37.-| 1351 94 Chrysier (7g) 53845, a gain of 8 per cent over 17% City Ice & F (2) £ June a year ago. 4 VI&F pL(61) Revenue passengers totaled 13.932.- | z Ry SEores - 047, against 14606564 i the same| 4% sht Bl L :n:n:h ls.s!tyear. a drop of 674517, or | “luett Peabody (1) per cent. ‘oca-Cola A (3) . June Fine Insurance Month. Jolgate-Palm (%) 2 2 .2 : “ollins & Aik (2a) - Washington's gain of 17 per cent in “olo Fuel & Ir (1g). the amount of new life insurance 5 Colo & South written in June over June, 1936, was| 207 ‘olum G 20g) . the best monthly advance reported in| 108 oleRBuLAKS) a long time. Agents must have dis-| 69 & O Tel ) q | 80w 63 Comel Invest Tr(4) regarded the heat and done some tall BRI T NeUElenitns @) hustling, piling up a total of $6,- “omwlth & Sou ___ % 3 5 Natl Cash Reg (3% g) 503,000 in new business [ ‘om & Sou pf (3) . et Doy b1 0y For the first half year the gain of | ongoleum-Na (2)_ Natl Dept Strs pt- 4+t 140 S8wman NEW YORK COTTON By the Associated Press NEW YORK. July 24 —Cotton fu- 18 per cent over the same period in| 33% 197 Consol Aircraft __ Natl Distill (2) 1936 involved a total of $40.088,000 | sonmolHaison (1g)- Natl Gypsum__. in new business. In June alone 55 per | 108 99'2 Consol Edis pf (3). 30% Natl Lead (%) __ ; e 5% 213 Consol Film 154% Natl Lead pf A (7)_ cent of the companies 10 Consol Film pf 44 Nat Mal&Stl C(1g)_ business in Washington 9% Cons Laundrie ¥ 3 = 9% Cons L - Natl Pw & Lt (.60) _ Maryland had a June gain of 3 144 Consol O1l (.808)_ R ) per cent and a six-month gain of| % Consol Textile 31% Natl Supply - 8 per cent: Virginia business was up | i _"“\'11_('31 = Natomas (.80) 6 per cent and 15 per cent: West Caiie el -‘\\'*’lfin"lfl;fl;('f;‘ 5 , roent Hiods “ontain 20)_ Newport In ‘g Virginia. 8 per cent in both periods. | I BEENE A bl . ters, 40085.25: The Carolinas were head of 1 “ontl Baking B N Y C Omnibus for the six months. New June | “ontl Can (3) = Ny Dook - surance in Maryland totaled $8.883.- | *ontl Diam Fib(1g) NYNH&H (1) _ 000; in Virginia, $8,321,000, and West goiL sl ey H & H pt (r). Virginia. $5,620,000 St e 3 Wash n was ahead i oty Boston icago. York, Philade Do) oo S Switch JKen-Rad T & L ) Kingsbury Brew ) La Salle Ext o ot P RPN ot e Pt 1o (RTINS LT ‘rane Co ‘rown Z ‘rucible than-An ‘uh-Am & pf North Am (.60%) 257 Northern Pacific 3% Norwalk T & R 17% Ohio Ofl (&) 5313 Oliver Farm_ 13 Omnibus . _ 121 Oppenheim Col 1% g_ 33% Otis Elev (408) 14% Otis Steel __ 0 17 Pac Am Fish (1.20). 2314 Pac Coast 18t pf__ 13 Pac Coast2dpf _ _ 20% Pac Finance (1.80) R business gains Heard in Financial District. Julius E. Lol Becond Natior iss-Wright ___ vacation dur ik 23% 16> Curtiss-Wright A __ and the s r 101 ton P&L pf 412 ams of W n ks T known in seisel-Wam-G (1) has been clected a : . Lty jcan Telc 3 rapk )t el Lack & W r R B AR S ND B NN SR BN e T TWORON D ) generally 17 to 22 points net lower. 4 Liverpool cables reported heavy | general liquidation. Futures closed steady, & to 18 lower. FOREIGN EXCHANGES. EW YORK. July 24 (#).—Foreign ex- e steady’ Great Britain in_dollars, others in cents. Great Britain—Demand, Hogs—50; meager supply weights|Great Amer (1a)._ s Hos cv pf and choice, 170 to 210 pounds, 13 35 | Mafs Bond (31 s & 15500000 bale coiton crop and| 50 Swit & co s chairman boAT . FRL 2k < 2 Y 2 Panhandle P&R (r) Springfield (11-a) 5 %nd trade i rallied to 11.06, leaving the market ! tures, closed ~ steady, 10 higher. Jul dent of the R ing House SEmADE Rk i8) U el 7.509.50, mostly; fat slaughter eWes| spcciar Dispatch to The Star. :’:;:h" 144444+ +1 travel, 24 98 19 Pinland, | PR Bor AR Graece BT Botand: [NEW YORK BANK STOCKS | /i rcioianfis fant bl Shanghai. T 5 B N R At NEW YORK. July 24 Securily Deal Associatio 7). —New York » 3 36% Pub 99% Pub 110 Pub Sv E 51% Pullman (1%) tk of Pay- | 118 deral Mot (.10g) Rate record able, | 5 crew angor & Aroostook - deral Wat § unker Hill & Sulli e derat D St (113g) a5 3‘22’:.’.’25“&'% $3 pf 74 91 813 31 Firestone (114g) . 334 1S Eure Ol Increase. | 1070 101% Firest A&R pf (8) - 1034 28% 16 Purlty Bak (.80g) e AT © B9 First Nat Strs(2%) a0 7% Radio Corp Acme - e 46% 26% Flintkote (1) - 14 30% 673 Radio-Keith-O (r)._. Asanminlatisns: 5844 46 Florence Stove(1g). 1 484 13% R R Sec 111 C Stk Layg of Woots Mil oo gy 9% 4% Follansbee (r) - 1% 32 Reading Co (). 3 ity of N ¥ 1 20 onn Gen Lif (X Calves—50; vealers 50 cents high- | Gonn, 08, L1 | o er than close last week; good grades | Fid & Dep (ia) 30 Peabody " Cr from Wednesday onward, 9.50a10.00; | Frank Fire (1 130 Penn El & y Frank Pir 50 Prima_Co practical top for week, 10.00; plain and | @ Beinsur (th j and foreign sources and the selling 10 Pub gve 6 medium grades, 7.00a9.00. Slobe” & Rep’ (:80) was agnw as stop orders were un- L e e 15 3 ; covered. There was an increase in | Rellance Miy from 210 pounds down, 10 cents higher | Hanover ‘(1 60} Southern hedging. hwitzer Cummn Y Hartford Pi; { 2 % than Priday: butchers over 220 pounds | Home Fire. Sec {1 Weakeiessfabrond iredected e ot | Sienode Sicw ® and packing sows nominal: market mfl::_gmfd ')\nI» & lbemuh interpretation than New York 30 Sig Steel pf mostly 30 to 50 cents higher than week | Knickerhotker (50 had given Friday to reported views of | 200 So Bend 1" wk» ago: packing sows up 15 cents; good | Mucoinh Cas President Roosevelt on the outlook for uw LEP pf ‘ 5 > 5 = 50 Swift & Co Natl Pire (2 ' v e} 5 5 | N e s prices as low as 8 cents a pound if ;;:; e, T T ‘6‘; p‘;‘;’;‘;‘ N'Hambenive 0 5032 51 * I next years crop should be equally 2814 Pac Gas & Bl (2) .. a13.35; 120 to 140 pounds, 1235a | N " Hre ) L 25 Pac Mills (1) ___ 12.85; hogs from doubtful areas not | §ar River, (1) December sold off from 11.14 to 000 shares D Dackacd Mot 158y "?;;‘j{l‘f‘;u‘"s;t,’,“;; e mostly 50| Eevers (B3 10’1 a0y~ #2'7110.95 and shortly after the first half | . - 7% Packard A CARED “ Rossia Ins (601 i st 2 to 7 Ve | 8P RR Pire () hour recoveries developed on covering MONTREAL SILVER. a1 Jochler Die 16% Paramount Plct ; 75 cents higher than week ago: buying. That delivery | Reynolds Tobac e Mines ( e e amcuntobIae0). plain throw-outs dull and little | Sun Life (7'.¢) ONTREAL. July 24 7 —8iver fu- i 7 ouglas Aireraft 25 Park & Tilford (2) changed; good and choice 70 to 80|33 cHis (1) S50 September, © 44.600; December, Bark of Commerce & Trusts at 3% 1 Jow Chem (2.60%) % Park Utah t pound ewes and wethers mostly 10.25a | Westchadter (1 n0m b bBid mond, this week u Pont de N(2%g) 361 Parke Davis(1.40g). 10.75; rail unloads and few best trucked | g Declared or pais o far this vear. of service with D EonLas 141x Patino Mines _____ in, 11.00a11.25, late in the week; bucks 2 i became ¢ S IEanS Laeetin) o HLGR R 7 100 under comparable grades ewes L tern Roll 381 Penick & Ford (1g). ; ow @ clerk on J st B and wethers; plain and medium grades, BALTIMORE STOCKS Qctober - 3 i ton Mfg (13g) - 5% Penn-Dixie Cement_ January 3 ey & repre-| Paso N Gs(1.60)_ 34l Penn R R (%g) . 50 cents higher for the week, from| parTiMORE guly 24 A sentative on 1 inating Com- | ¢ Auto Lt 140 434 Peoples Gas Lt & C. 3.5084.00; old thin sheep 200 or less. | Sales. | STOCKS i s f itteg of the American Bankers' As- | 91 Flec Boat 16% Petro Corp (.40g) EndelCorp. Spot quiet: middling, 11.72. :c,(::,m,_ | cPow & Tt ____ 7% Pfeiffer Brew (.60g) Grain Market. n%:l‘lli’mo’lx:c;“l“‘rflnslpv‘ Deputy Con P&L 36Dl .o 40 Enelps Dodge 13¢E_ Opening prices were: Wheat—No.| 170 Consol Pow com puty . P& Lpf 49% Phillips Pet (2a) - 10 Fastern Sug As pf William Prentiss, jr Stor Bat (2) 5 Pitts Coal pf 2 red Winter, gnrmky. spot; domestic, 50 Hous OIl pf vtc month’s vacatior ‘ng I'ublic Service 12 Pitts Screw (.30 1.20'4; July delivery, 1.20%: sales of ;‘“’:‘mi ‘;fi; %’\'1 Sa A after the first of Au rieR R 3% Pitts United cargoes on grade at 121, 1.19, 1.17 38M_Ver W Mis pf irie 1st pf 5 97k Pitts United pt - and 115, respectively. for Nos. 2, 3, 4 U 8 Fidel & Guar . v , Tespe lureka Vacuum CI . 24% Tlymouth O11(.70g) and 5. Corn—No. 2 yellow, 120; BONDS Bank of Manhatian (1'2) Fairbanks Co 7 Postal T &Cpf (r)- Western billing at a premium over| 500Balto Tr deb 4s A 20% 203 207 | Sansgs T G o DIVIDENDS ANNOUNCED L T i RS Western bilng at a premium over to T deb 1 L fa it e soR NEW YORK. July 24 Divid d 491, Fairbanks Mrse(1 551y Procter & Gam (2a o S b Bk P doraeitic SR oS h Bank t(L80) e S 6% Feder; T 2 114% Prod & G pt (5) . r , estic, 72; 5 3 v r iy Rerular. 16% Federal Lt & Trac LA 61a7l: except grain on track there FEDERAL LAND BANKS | nk & Tr | The position of the Treasury July 22: 1s an additional charge of 113 cents| = NEW YORK. July 24 (P Federal Land e | 0o ne: o bainice: abaditure per bushel for storage and elevation | DNk Pond v lonis receipts for the month, t (B ‘ 2 Rate. Maturi | 3 ( X on all sales of oats. Rye—No. 2, 85a90. 41as Nov.. 2 ) s 2 7 Barley—65a70. 35 Mav. ¢ 3 102 | Manufacturers Tr () i Hay—Receipts generally light and, Nov 12 101'¢ | Manufacturers Tr f (2) T ErEericy expETILTaNT Sxo while market is dull, values are well | Hetdonnl iy y 6o SL04071.222.7, gross do maintained. Good choice timothy & vat;!)ro 3 8 Jhe p‘"‘;‘mi‘ddhv. and clover-mixed 5. incl -% el -m! hay are selling e g 5 uding’ 81, inactive gold. expenditures scal year (since July 3 97 ey $139,07