Evening Star Newspaper, July 24, 1937, Page 11

FINANCIAL. CORPORATE BONDS GAIN MODERATELY Selected Industrials Take Lead—Utility Issues Fail to Follow. ! o THE EVENING NEW YORK BOND MARKET By private wire direct to The Star. b on which the Exchans STAR, WASHINGTON, D. C., SATURDAY, CURB LIST HOLDS TONARROW RANGE GultSta stl 415861 9n. oz ox | SCattered Points of Strength Gulf States Util 4566 1027x 10274 1027 | % Hoe (R) Istmtg'44_. 93 01 03 Appear—Most Price Changes Nominal. Houston O11 §34%'40_ 10215 10215 10 Br the Associated Press. Hudson Coal 63’52 _ 47y 47l 47% NEW YORK. July 24 —Scattered JULY 24, 1937. FINANCIAL. NEW YORK CURB MARKET NEW YORK CARVSLERVOTES S350 ON COMNON Sales Well Above Year Ago, but Rising Costs Cut Earnings Slightly. By the Associatec Press NEW YORK. July 24 —Directors of wrysler Corp, a leading manufac- rer of automobiles and trucks, de- | clared vesterday a dividend of $350 | {on the common stock The last previous payment of $2 a share was made on June 11. | he new dividend and the June disbursement, together with A pay- ment of $1.50 on March 13, lifts total | Payments by the company so far this year to § oincident with the dividend an- nouncement the company reported net o [ profit for the six months ended June 70 130 of $27.456.609, equal to $631 a “x|share after all charges. This com- 4% pared with $29473.736, or $683 a 5% | share, in the same period last year. 19| K. 'T. Keller, president, in com- REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9393 MORTGAGE LOANS ON RESIDENTIAL PROPERTY Up to $20,000 High. Low. Close. Goodvear T&R 68 '57. 105 1045, 104% Grt Nr Ry 3% s'67 95 7 Grt NRy4s'46 H ___ 110 109°a 110 Grt NRrf4%s'61 A_ 11315 11315 11315 GtNTRgn4l;s'76D 106 106 106 Grt NRgn4%s'77TE 105 105 105 T3C__ 111 111 111 Btock and Sales— Dividend Rate. Add 00. H! RyanCons ___ 1 St RegisPap____ 26 amson Unit 2 exal Lock g eiberling Rub _. 1 elected Indus 6 el Ind(al ct)515 2008 Sel Ind prpf 515 200a Saversky Afre 4 Shattuck Denn . Sherwin-Wms 4a 200s Singer Ltd .286g Sonotone Spencer S 1.05g tan C&S 1.60a StOILKyY (1a) StPow & Lt St Pow & L pf nd Prod(%g). St Sil-L (.02g) tand Tube B 2 terchi RS 1pf3 100a terc Rr St 2pf 1 50s ter Alum Pr 6 terl Inc ( 4 50s 1 508 th. Low. Close. 6 6 6 874 is now operatins. Btock and Sales— Dividend Rate. Add 00. High. Low. Close. Acme Wivie (2)_ b0s bliy 5la 5liy Ala Pow pf () . 10s 65 65 65 AlaPowpf (7). R0s 75 75 15 Alum CoAm . h0s 148 148 148 Alum Co pf (6)__ 2008 115% 1151 115% Alum Ltd 2008 11515 1151 11515 Am Box BA(.95g) 1 21 Am Cit P&L(3h) 1008 3314 ACP&L ww 23h 2 331, Am Cyan B (.60) 12 33 Am&Fgn P war. 4 AmMG & EI(1.40) 16 Am Hard Rub 1508 AmL&T(1.200) . 6 Am Maracaiho Am Seal Kap Am Sup Power Am Sup P pt Anch PostF . Appal E1 P pf (7) Ark Nat Gas . Atk Nat Gas A __ Ark Nat Gas pf _ As ElInd(.364g) ASG & ASG&EIA _ ASG & Flpf _ AR G&El war Atlas Corp war _ Atlas Ply (1%g . Austin Silver M . Auto V Ma(i3a) Baldwn Rub (13) Bardstown Dis _ Bath I W(67%f) Bellanca Airc Bell T Pa pf(61,) Berk&Gay Furn Bliss EW Blue Ridee (.15g) Bow R Bear (1g) Breeze Corp Brewster Aero Rright Star EI __ Brn F&W (.90g)_ Bnk Hl & S(115)_ Carib Syn (128) - Carman B Carnegie Met___ Carrier Corp ___ Catalin Am = Cen & Sw Ut ____ Cen St EL = CenStEcvpfn . Cen StE16% pf Centrif Pi (.40) Chi Flex Shft (4) Ch RIiv&M (.30g) Approximate Transactions Today. U S Gov't Bonds 230,000 Foreign Bonds 370,000 Domestic Bonds__. 2.150.000 TREASURY. High 98.26 98.2| 103.8 103 100.12 100.12 100.7 1005 101.7 105. 1038 110631 6 R4 23 6 24 2148 1049-53 28,5 194547 285 1951-54 b 1278 1955-60 1046-48_ 1951-55 41 4308 1047-52 100,12 100.5 101.7 10, 103.8 106.31 116.30 FEDERAL FARM MORTGAGE. 81947 - 103.30 103.30 103.30 3181964 104.2 104.2 HOME OWNERS’ LOAN. 2%,81939-49 101.6 1016 FOREIGN BONDS. High Bond Averages 20090 a0 10 Rails. Indust. Util. F'an +.4 Unc, Unc. Unc. 9281030 98.1 9281029 981 9191025 965 93.6103.3 102.6 99.01044 1028 9091022 958 98.21044 1031 86.9101.8 993 1932 low 458 400 646 1928 high___101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Today ---111.2 Prev. day. 110.9 Month ago 1103 Year ago. 1115 1837 high. 113.7 1937 low__ 108 4 1936 high. 1135 1928 high- 104.4 Refinancing and Construction Net change_ Today, close_ Previous day Month ago - Year ago 1937 high. 1937 low._ 1936 high. 1936 low ctf attractive i interest rates 101.6 Low Close. 39 991, 991y 238, 235, 9915 995 120 124 927 93 1011 101 998 90k 1005 1007 1015 1012 1014 101% 1067 106% 103% 1037 | 430 44 44 44 4315 4315 52 2414 1005 | 6078 ROBERT PEDDICORD 1713 K St. N.W. DISTRICT 0010 Abltibl Pa&Pw 58 '53 Agr Mtg Bk Col 6547 Akershus 5s 63 Antioquia 3d 7= 57_. Argentine 4s°'72 Argentine 416871 __ Argentine 5% s 62 _. Argentine 6s ‘57 A Argegtine 6s '60 Sept Argentine 6861 May. Australia bs'55 Austrian 7867 Brazil 61,8 '26-'57 Brazil 6158°27-'57 Brazil 7s '52 Brazil 8s 4 Berlin 64 s '50 = Buenos A C 6= '60 Oct Ruesnos A 3s'84 Buen A 414-4%'77 Buenos Alres 4% 5-4%8'T6 April Buenos A 4142'76 Aug Bulgaria T='67 Bulgaria T1%s'68._ Canada 4s'60 Chile 6361 Sept. Chile 6s 63 Chile Mtg Bk 6s'62 _ Copenhagen 41585 Cordoba 7s 42 prv. Cuba 51,8 45 Denmarx 41862 Denmark §1gs'55 | Denmark 6s"42 Frankfort 6155’53 ___ | Ger C Bk A 6s'60 Oct.. Ger Gov 5148 65 st Ger Gov 5158'65 un st A Fil (2.24)_ echnicolor Texon Ol (.60) odd Ship Tagga Tonopah Min len&Co 7 “nion %t 1003, 1010 1014 . 106% 103!y 44 44 4315 521, 3 Can 60 nited Aire war nit Corp war nit Gas nit Gas war it LL& Pow A nit Lt & Pev pf “nit Prsh (.10g) nit Shoe M 215 nit Sh M pf 11y nit Spee (1.40) _ 'S Lines pf 7S Play Card 1a. 100 S Rub Recl S Stores : nit Wall P .15 niv Corp vte niv Pi til Pw & Lt (1)~ Util P& L pf (r) Utility & Ind pf . Valspar Corp vte Venez Mex Oil Walker Min West Va € & (Compiled by the Astociated Press.) By the Associated Press. NEW YORK., July 24 —Led by se- lected industrials, bonds on the Stock Exchange today recorded fractional gains today, though the utility list failed to follow the trend and rung up small losses Higher were Bethlehem Steel 41;s and 3%s, Loew's 3',s. United States Rubber 55 and Western Union 5s. | United States Governments were un- | changed to fractionally higher. Lower among the utilities were Con- solidated Edison 3';s, North American s, Pacific Gas 3%s and United Power & Light 5s. American & Foreign Power 55 showed a fractional gain Alleghany 5s of 1950, stamped, de- eclined. Remington Rand 4.s also eased. Shell Union Oil 3,5 was higher Aditibi Paper & Power was a gainer in the foreign bond list, Ger Rep 7s '49 stpd FEDERAL GOLD HOARD |G fer tvires DROPS DURING WEEK | 1ai> 1s-c1 | L B3 the Associated Press Japan 51586 997 9a7y 99 10214 10215 10215 12715 1272 1274 897, RO 898, 102 95 97 10410 1043 1041 4513 41t 41 40 39 39 97 97 97 10815 10815 108! 103 10278 10; 1025 1023 1023 84 98 011 10234 10434 113 1013 oK1 3313 Ala Power 4!, Ala Power An Am Rol 7 Appalach E P 5 Appal P fis 2024 A Ark-La Gus 4% N Hud & Man fnc 6 '5T_ 2610 258, 261 Hud & Manref 68 °57_ 63's 63'3 631y 111 Bell Tel 3%8°70 _ 105% 105% 105% [IGent colitrdatos s of strength stood out in a curb IlGenytetmics a8z Ll o Tanity 11 Cent 43,8 66 667 EARIEE 3 2 Int RT 1st rf63°'66_. 68 were nominal. ; Int R T 6332 2814 Acme Wire voting trust certificates IntRT6s'3 241, added a point in light dealings follow- IntRT7s'32 71 ing announcement of a dividend in- e S ‘z';;”- Hip 119 189 | crease. Northern States Powen “A” ntGrt Nr6s°52 A __ 33 as 3 g Int Hydro Elec 6s'44. 83 s27x &3 | AQY ":‘”‘% ;J‘b‘;r“f;’:?efi":’hag"fl Int Pap 1st 63°47 A__ 10115 10115 10115 | €AN Har Int Pap ref 6865 99 99 99 Group movements were lacking. int T&T cv 4% 92 92 92 | Among the power shares United Light Int T&T 415% 62 gIeN & Power “A" improved slightly along Int T&T 6865 614 with Arkansas Natural Gas “A” and James F & C4s'39 __ 9 Electric Bond & Share. Down frac- Jones& L St 434 8'61A 104'c 104% 104« | tions were American Light & Traction Kanaw & M 4s°90 _ 10215 10215 1021 | and American Gas & Electric Kans C F S&M 48°36_ 481, 481, 481 Most oils and mines were quiet and £ S :';7} many had not opened late in the {ans Citv So ref 5850 871 i SR b i morning. Among the industrials, Pitts- fans C Ter 18t 4860 109k 1094 109% | yron Plate Glass lost 8 major frac- Laclede G 613863 C... 59% | tion Lautaro Nit 197 475 | 2 Leh VNY 415840 gtd Leh V P con 48 2003 Leh V P con 4148 2003 B O J S Leh V RR con fs 2003 CUR B J.\D | Ligg & Myers 58 °51_. Loew's 315846 Long Isl ref 4='49_ R4 | Lorillard 7s 44 wila La & Ark 6s 60 Louisv G& L & Nash 3% 2003 L & N So Mon jt 4552 McKess&Rob 6145'50 Manhat Ry 48’00 Manhat Ry 4590 ctfs . | Marion Stl Shov 6547 Met Ed 1st rf 415868 El Ind 5 G & 5 G & E s 00 G & E 55 8 G & E 5las iny ct_- G &E & T d L 6y No Pw 0 Pw&Lt Bs ar R M&P & ILP S 4y UPW & L St El 5 200 The Northwestern Savings and Loan Association Incorporated 1908 107 Carroll Street Takoma Park, Md. SHepherd 2693 MStP&SSM cn 4= 38 MStP: 158 °38 gtd E MoK & T4s 62 B 4 Mo K & T 5562 A 5414 21 na 1542 Bt 8% 115 115 % 100 Claude Neon Lt _ Colon Devley pf_ Col Fuel&l war Colum O & G Comwlth Ed (5) Comlth & So war_ Cons Cop Min Cons Gas Util Cons Steel Corp . Cord Corp Corroon & Rey Courtaulds .251g Creole Pet (138)_ Crocker Wh e Croft Brewing __ Cusi Mex Darby Pet (15) Davton Rub Davion R A(3k) DetG&MpL1.20) Det Pap Pd (1) | Duke Pwr 28 Kag Pi Ld(.20g) as & ¥ Sta Corp Wash MB(1;8) Bond & Sh BA&Sh pf(6) I Pow As (.15%) | EIPAs A (158)- | EIP & L war El P&L 2d pf A _ Elect Share Electrol v Mo Pac Mo Pac Mob & Monong Pub S 4% 560 Mont Pwr 3%8 66 Morris&TFssex 41,855 Morris&Essex 58 '55 Natl Datry 3% a'51ww Nat]l Dis P C 4158 45 Natl Steel 48 /5 New E T&T 1st 5852 ew OTIGNR 53'83 A wOrl PS6s'52 A_ ew Orl PS6s'55 B New Orl T&M 55’54 B N Y Central 3% s'52_ Y Central 314897 __ Y Central 3%, 846 _ Y Centcon 4s 98 _ Centrf 4%s 2013 Crf4%4s2013n__ Y Cent rf 58 2013 {NYCLSh31,s'os Chi & St L 4s 46 NYC&St L 43878 YC&St L 515874 A Elisref 318’66 16%, 39 29% 20% 29y 10415 10415 1041 | es S Gas 51a8 ties S Gs P his = Comw Ed 55 '54 | Comw Ed 4s 'l 4% 94% 94y | RIRNEG 35, 6 | Cont G & E 55 R57u 857 | 95% 95% 104 ™ 5. 10: 124y 124y 124y 88 87 &8w | Catineay 9613 9615 9615 [ Gen W 9612 961 961 | el CE) ¢ 55 5 Hot Wald 108% 108 | ¢ 104 10: dano Pw Co Pu & L i 983, 98 891, 891, w & L 5s Rat, 80 99 aa 9% 918 1041; 1047, 1041, R34, R5 RE3, 9T 97 9 1011 101k 10 361 361 20 20 40% 403 4. 401, Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Pw. LY 991, 1021 1 10415 104" 1062 1 10672 10675 3% 731 2000 19% 241 241, 283 28% 4N Tow 4002 407, 9% 96 29 28% 79 901, 102'4 | 1041 | 1057« | 1067 7314 | 2014 241, 28% (P —New York ssociation Bid 19.00 12 0% Asked 2051 135 1730 8.0 10°00 it/ menting on the earnings, stated the | ) ik SAFETY had been interrupted for about five A | o stk (o) When you de- ). e . 1 titution, you are $358.634.899 in the like 1936 period, | g | the company reported. Sales included | | 55ured of two things. First, PRO | same months last year. Distributors' | X'jf:;‘;; f::c"’r:fas"r]mE:“i;fh;"r:“gg & ¢ jand dealers’ retail sales increased 12.8 Pz P full particulars, phone 61y . SOCONY-VACUUM KEEPS | & in! PENSIONS, INSURANCE | ‘ Wright Har .40a Yukon Gold .06g 3| being | Vacuum Oil GCo. will continue its Securities assumed by such companis’ | COmpany pension and insurance plan Rates of dividends in the foregoing table less otherwise noted. specia i-in that plan,” John A. Brown, presi dent. notified employes far this year no reguiar tate. h Cach or stock k Accumulated fll\'ldrn‘d paid 3 [act, he said i [ Tants “Any change in policy after 1939 INVESTING COMPANIES is hoped that as a result of study the | Government plan will be modified, so 30 that it will be placed upon a “pay- | as-you-go" basis instead of the present Office Hours, 9-12 e | |l|l DIVIDENDS | period had been one of rising costs | of labor and materials and production | Sales during the first half year | PRy Qmes iy amounted to $409,688,254. against | 55 Erowitg. Iy 629706 passenger and commercial :lm"?‘ullgN"d‘?"uf’:“;.‘r:““M"&y by | vehicles, compared with 578,407 in the | Yahetle ‘ tgsge lead the way to Success. At pres- #|per cent and export shipments in- | | S e Fa¥ o Sucsess. At pres 21" | creased 7.5 per cent, it was revealed, J 3w an 6's | By the Associated Press. NEW YORK, July 24—Socony- r In bank regraanized Uhaer the Bankruptev are annual disbursements bas fie fua: | for at least two years longer because St onoal clsbursomentaibes Un- | “we will all receive more for our money A'Alfo exita o exiras e Paid last year | f Payable stock. 2 Declared or paic so Payments will be in addition to the requirements of the Social Security | or declared is year w -With wi | rant's xw Without warral war War. will be made in the light of laws as they then stand,” Brown added. “It NEW YORK. July 24 Security Dealers that the payments which it requires | | will not be increased after 1939 and | | system of trying to build a high re- serve.” Admin Fd ond Inc Am Businecs Shr Gen Ea In Stocks Basic Boston Ind Fund Tnc POWER OUTPUT CLIMBS. NEW YORK, July 24 (® —June electric output of Commonwealth & ! Southern Corp. system increased 11.88 | per cent to 706,683,643 kilowatt hours | from 631650392 Kilowatt hours in | June last year. For the six-month | period ended June 30 output increased | 1733 per cent to 4.288,278,741 kilowatt | | hours from 3,655,104,682 in the like | 1936 period. st (¢ L 1 Corporate Trust A A Corp Tr A A mod Corp Tr Accum Ser Corp Tr ' Acc Cumulative Tr Depos Bk 8h Depos Ins Shrs Depos Ins Diversified Tr C Dividend_Shrs Equity Corp $3 pf Fidelity Fund _Inc First Boston Corp Fiscal Fund Bank Shrs Fixed Sh A Insurance sh B Sh A Inc G 55 4 rCP&L4! Jer CP &L Kan G & E | Ken U 364 20 407, 401 ¥ ¥ 3 ¥ ¥ ¥ 7R o 29 6R% 71 Le ‘Lfl Pw Mem P&L ’“rODPE('A.\ R«Is 3313 3315 3815 | VIS gO¥ AP 141 1414 14*.% '\\:Kfi;ssfw 116% 116% 1163 | Nt P & L 6s 128 12% 12% | Novada Cal Bl 10274 10274 10274 | New E G& % 104% 1047, | New E G&E_3s 104% 1041 1043 ¥v BB 1010 101 1017, | NY P & Lt 4'ss L1044 210% 1101 | N ¥ 5 B & Gidizs 99 99 99 | Notthw P § 104% 104 104 (Onlo Bw dias 1110 111 1111 | Okls NG 415e 106% 1065 106% | Pac P & 5 91y 911 91t | Penn G E 5l 991, 9915 9914 | Peop L & P 5 1031 1021 1027 | Billa EU P sTay 10713 10715 10715 | < 98 97y 98 101 1013 10114 95% 95 1004 100 a7 99 681y i ity Corp | Evans Wallo Fairchild Av Falstaff Brew | Fedrs Mfg(12) Fisk Rub Fla P& Lt $7 pf Ford M Can A (1) Frankl Ray 2 Freuhauff Trailr Gen Alloys Gen El Ltd 643g Gen Firepfg .558- | Gen T & Rub Gen T&R Apf(6) Glen Alden(ag). GodchauxSA(3g) GorhM vte(1%g) and Nat Films Gr Rap V (1) Green T & D Gulf Oil ¢ Gypsum L & Holling Gld( Holoph'ne (1.2 Hud BM&S (32 Humbie 01l (115) HygradeSylv(2g) 1 UTILITY PREFERREDS RISE. | NEW YORK, July 24 ( Special).— | Utility Operating Co. preferred stock prices advanced during the last two weeks, according to Distributors Group, Inc’s index of 33 stocks. The index | closed on July 23 at 80.08, compared | with 7849 on July 9. The high for | the year was 90.75, on January 22. Fund Eund Tr ¢ General Capital Gen Investors Tr i as | = Group . 2 34| | Group Group Group Group Group Group Group Group Group Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 Sec Invest 8ec Shrs Merchandise Sec ‘Mining Sec Petroleum Sec R R Equip Sec Steel Sec Tobacco Huron Holding ncorp Investors - Sec. Bank Group _ Insil Sec, Ins Investors Fd *'C Keyston _Cust Major Shrs Corp Maryland Fund Mass Invest Tt Tnvest ation Wide Sec tion Wide Voting estors Eugiand Bk ¥ Stocks. Stocks ¢ Stocks Stocks. ¢ Stock's gl Sc 9 Sy e Property 3 1074 107ig | ¢ 997, 99 108% 1083 108% | 111% 111% 111% 1027 10274 1027 | 94'e 94's 9414 95% 95% a5, 10214 10214 10214 119 1181, 119 9915, 99 a0 1037¢ 10375 10: 23y 23 1058 108 251 24 111111 87 87 63 621 21% 207 21% | 10315 10315 10314 E: 95 1085 1065 106'4 | Inarco Hyd EI 106% 106% 1068, | L Y. 106N 106% 106% | Muranhao Br 136 174 17 9814 9R ORI 97 96 97 1184 118y 118y 103% 1033 103% | a9 75 37 P s Management Fund Tr Shrs Bank stock ¥ i Automobile | 111 Towa Pow Il Ia P div ct 1l lowa Pow pt i Zine (g g) Imp Oil Cant Ind Ter 111 A Ind Serv 6% pf__ Ind % pf._ Indus Finan pf _ Int Hyd- c pf.. Inter Petilla) _ Inter Prod - Inter Rad (.85g)_ | Inter Util B Irv Air Ch (1) Jeannette Gla Jer C P&L pf(68)_ Ken Rad T(%g) Kingston Pr(.40) Kirby Pet Koppers Co pf(6) Kruger Brew (la) Lehigh C (.30) Insurance Ton, | 2415 111 Rl 1Bore M B 7 62% | Bogot 'M B Cauca Val 7 Chtle M B 8s 28) You can save yourself annoy- ing details by placing your apartment house and residen- tial properties in charge of our Property Management Depart - ment. It will give experienced service, efficiently rendered, at a nominal fee. B. F. SAUL CO. REAL ESTATE Facing McPherson Sauare APARTMENT AND HOUSE MANAGEMENT Spencer Stan of ‘Am Tr AA of Am Tr B of Am Tr BB - (& of Am Tr D Supervised 8hrs Trustee Stand TInv Trustee Stand Inv Trusteed Am Bk Trusteed Tndus! Wellington Fun (] o B ¥ Shrs x¥—Withont war- (stp) —Stamped y maturity receivership. | 5 oLk year and a half. Financial quarters| c0cHn 6128 54 Norway 41,8 '65 silver. ‘ments to support the dollar, which | Norway 6s'44 The Federal gold hoard. reported |Prussia 6l:s'51__ 52 Week ended July 21, $12.404,000.- same period last year, $10,634.00,00. | Serbs7s’62 Tyrol Hy Fleec 7s Bt the Assoctated Press | Uruguay 8s 46 __ orf & W 1st 45 °96 N h Am Co 58 ' = brightest in 10 years, in the opinion | Adm Exp 41,8 46 std 10215 1021; 1021, | noooh AM Co 5861 Nor'n Pac 6s 2047 - Europe today for an inspection trip Allied Stores4lza's1 981 9%, ax & AmT& T 2%s '61 100 100 100 |Ohio Pub Sve 7s'47 Walter C. Teagle as president of the AmT & T5%s 4 112% 112% 112% | Pac Gas & El 3148766 Norway, Sweden, Great Britain, A T&S Fegen 4895 .. 111% 111% 111% | Pac Mo 1st 4538 Atl CoastLclt4s'52. 9 « Paramount Pic 68 ‘65 ADVANCE TO $452,831 Atlantic & D 1st4s'48 4R 4R 48 Penn RR3Yswi Inc., Coldwater, Ohio. agricultural im- | ] B & O 1st 48 48 10513 105 105 Penn RR gn 41,865 month period ended June 30, after e sum is equivalent to $1.66 a share on | B & O PLE&W V4s'41 1031, 1034, 10375 | Phila Co 5= 67 responding 1936 period. Beth Steel 33,8 66 _. 96la 96!, 9614 | Phila & R C&1 68 '49_ Bos N Y A L 4s'55 235 22% « | Pitts&W VUa 414560 C By the Associated Press. Bklyn Un El 68°50 __ 1031 10313 103 Pressed Stl Car 6s'51 an increase of 11 per cent in power | G117 Packing 55°40__ 104\ 1041 104 | Rem-Rand 4% & 56ww June over a year ago. Output totaled | Can'dian NR 4158°66 113% 113% 1138 | Republic St1 41,8 °61_ taled 1309988737 kilowatt hours | Candian Ndb 61,e'46 124% 124% 124% | oo 1 1o o'Re 48 33 Japan 6155 '54 NEW YORK, July 24 —The Treas- i held the setback reflected in part| yOrd RY 615s 50 Norway 41,856 was hold heavily in favor of both the Oriental Dev 5 by the Federal Reserve Board, com- | Rio de Jan 61 Roumania 7s ‘59 B S Tokio 55861 Tyrol Hy El Ti4s " NEW YORK, July 24 —The outlook | DOMESTIC BONDS. Y W&B 414546 | Nor'n Pac 4158 2047 __ of W. §. Farish, president of Standard | Alieg Corp 58 ‘44 a1y = 3 . Ohio Fdison 3% 872 of the company's foreign properties. | A™ & For Pw 552030 80w R0 R0 > AmT & T 3%s 66 997 9974 997 | Orex W RR 4s 61 “Jersey compan! will be gone about Anaconda deb 414 8°50 106% 106 106 |PacG & E3%s 81___ Prance and Germany. AT&SFedlon 48 109 109% 109% AtICLun 4%8'64 927 92t Penn Co 45 '63 = B7 the Associated Press. Auburn Auto 438’39 65 64% 65 | Penn RR3%8'70C._. unced a | plement manufacturer, announced a D e et 7o provisions for charges. depreciation 31 81 | Perenaristeacss 272,000 common shares and represents | B & O Swn bs 50 ___ 103'; 102'4 1031, | Phila Elec 31,867 _ Beth Steel 4148 60___ 1041 104'¢ 1041 | Philinpine Ry 4x°27 AMERICAN WATER WORKS Bot Con M 635 '3 241 24 241 | Port Gen El 4148 °60 NEW YORK. July 24 —American | LKIYD Un Ganon'00.. 94 8% 4% | posyaing p 1m0t A. Canada So 53762 A___ 116% 116'5 1167 | Republic St1 4148 50 218241214 kilowatt hours, against| Can'dian N 4%s'55 115% 115% 115% | Republic St1 5128 ‘54 can'di 937y 93% 837, Lt compared Wwith 1,149,722,949 kilowatt | aar,d!an P db 4s perp & tLP&NW 6348 925 15th St. N.W. | Jugos Mte Bk 7857 ury gold stock dipped in the week | iarciait fs 41 ctfs - ended July 21 for the first time in a | A 43763 an exchange of gold for Chinese| oy Another factor was said to be ship- | Norway 6s 43_ pound and guilder. | Peru 6s°60 pared as follows Rome fil,s'52 000; previous week, $12.423,000,000; Sao Paulo St Tokio EL Ltd BEST IN TEN YEARS | vrusuav sa'ss . for the petroleum industry is the | Adams Express 4s'47 101% 1011, 1017, | N 2K Sh516s'50 | ?7'2 | Nor'n Pac 55 2047 D__ Oil Co. of New Jersey, who sailed for | Alleg Corp s ‘50 stp 64 6 Farish, who recently succeeded |A™ LG CPE¥ e 49__. 1061, 1065 1061, | Ghlo Béiaon 42 65 AMT&T 43483 10472 104% 1047, | Otls Steel 410s "62 two months and will visit Denmark, Armour(Del)1st 4w'55 983 981 9R8% | Pac G & F 45 64 TSRS R TR Pac T&T rf3%4s'66 B NEW IDEA EARNINGS A T&SFeCA 4%s'62 11 Param’t Pic 3% s 47 Atl Coast Line 58°45 10415 10413 1041 | Penn P & L 48 '81__ CLEVELAND, July 24—New Idea | Aust& Nor5s'41____ 107 107 107 |Penn RR 4%8'81 D - net profit of $452831 for the six- 43808 s R et and normal Federal income tax. The | 931, 931, | Phelps Dodze 3145 '52 & 20 per cent increase over the cor- | Banz&Aroos4s'51___ 109 109 109 |Phila & R C&1 5373 Bos & Me 5567 79 7Ry 7813 | PCCRStL 41,8420 REPORTS OUTPUT GAIN | BXlyn Ed con 3k s’66 101% 101, 101%, | Postal Tel & C 5363 | Bklyn Man T ¢15'66 90 90 90 |Potomac Fl1P 38’66 Shoe 3% 8°50_. 1061 106'¢ 1061, Water Works & Electric Co. reported | o o n0® 3% ‘ Reading R 434837 B output ¢f lts electric subsidiaries for | Can‘qian NR 4%8°51. 113% 1134 1134 | Republic Stl 4148 ‘66 195,985,610 in June last year. Output Can'dian NR5s'69Oct 118 118 118 | Revere Cop 4% s 56 for the six months ended June 30 to- | Can'dian NR5s°70 1177 1174 1T o 50 p 'y map 5g 37 Can'dian Pac 4%8'46 104 104 104 hours in the 1936 period, an increase of 14 per cent. FINANCING TO INCREASE. NEW YORK. July 24 (# —The Deaily Bond Buyer reported new financing scheduled for next week by one State taled $11.329315 compared vised total of $6989.900 last week. The wee! offerings for the at $20,882.909 average of ar 1o date stood PROFITS TO BE SHARED. PITTSFIELD, Mass, July Manager Lows E. Underwor Pittsfield plant of the Gen tric Co. announced 5200 emp! would receive $190.000 under t pany’s profit-sharing plan 81X months of this v e c CHICAGO PRO OHICAGO. enses by Poiatoes. total U LS, DUCE. E mostly 1 15a Kansas Cobblers graded. | 20a U. 8 No. 1.pa U. 8. TREASURY NOTES. (Reported by Chas. D Barney & te—Maturity B.d Co) i ELLETE S X AP EARO1 3031305 NEW YORK PRODUCE. WEW YORK. Juiy 4 But 6. quiet. all ed 80 cose steady and unchanged Eegs, 10 aquiet. Al mixed colo whites, browns and dick ezgs unchanged Live_poultry by freighi and by ex ominal: no quotations. VI sted poiliry “generally firm. Al “gresh and frozen prices unchanged y P er " | Cons EAN ¥ 0 11375 1137 113% - 1031 1031 1031 101% 1011 101 4 45 45 10915 1091, 109 98 98 98 R DI P UL 81 81 &1 Can'dian P 5544 cfs | 0 Cl & O 5s'28 tINE&G 6’ tof NJan 5s'87rg Pac Istrf 4549 | Cent Pac fa'60 LCent Steel 85741 Cert'd deb 5lss 48 Ches& 0 3%8'96 D__ ¢ 98 9 Ches&O31m'96BE__ 977 9 7 C&Ocons'33 ___ 1067 10675 106 | Chi B&Q zen 45°58___ 112' 112 11214 | Chi& E 1 5s 8 138 a3 | Ch1 Grt West 4« 291 391, |[CM&StPse- 248 CM&SIPRP adi5s? % | Chi & NW gen 2 241, [ Chi & NW 4158 20 23 Chi& NW 435 42 16 Chi & NW gen 58" 0 Ch1 & NW rf & C&NW Nr W 6 hi R I&P rf 4n hi R I&P rf 4s'34ctt “hi R I&P gen 48 '88 hi R I&P 415852 iR &P 4108 60 10 10% | Chi Un Sta 33,8°63 B 108% 1083, |Chi & W Ind as'62. 102 102 CinUnT3l%sDgtd 105 105! CinUn T 2 10614 10615 C&St Logen 4 102 102 v ELT 33865 _ 1098 109% Clev Short L 43,8 '61_ 1117 1117 “lev Un Ter « 107 “olo F & I < 85 mhia G & E &3 ay Columbia G&E fis ‘61 Comel Credit 3% s 51 Conn R Pw 3% 61 A s 46 [Cons Ed N Y31y | Cons Gas NY 435551 Consol O] 3% 51 | Consum Pwr 31866 Consum Pwr 3% 870 Container deb 5s '43 Crane Co 314851 Crown Will P Cuba Northn 61 | Den & R G con 4836 .| Den & ROW 59'55anst Det Bdison 31,8 '66 i Det Edison 48 ‘65 F Det Edison o8 5 Dow Chemjical Duauesne Lt 3%s '65 nJ & K584l ' ] 16 40 43 19 17 32 181, 181 3 106 102 1117 1074 86 26 - 101 101 a9n, \8a1 4 97 1047 104 105% 10 1044 10 107107 10315 1031, 1000 995 102102 10106 1014 101% 101%, 1051 1054 ax 4an 15 104 104 111 110 106% 106 1024 102 106 106 111 111 Q91,991 18 118 1214 12 4 4 10515 105 - 10215 10: 51. 102t 1024 101 100% 101 291, 97w 105! 104 107 103 10 102 1010 101% 10 45 % 1 104 10 106% 1021 106 11 ae, 1158 121 4 10515 1021y “ *51 15 Erfe Gen Riv 6857 | Fia ¢ Ry 5374 Fond J&G 25-45'82 ct | Gen able b1.m 47 Gen Mot Acc s8 45 | Gen Mot Acc 3 | Goodrich ¢ ‘56 | Goodrich 6 45 1047 | 1021, | 104% 104% 104% ! | St L-S Fran 4345 '78 F 415,8'78 of st StLS W lst 48’89 IStPKCSL4% 41_ | Seabd A Lref 43’69 _ Seand A L 68" Seabd A-F 6 5A Ac t Shell Un deb 3158 '51. Silesian Am 7= '41 South Bell T&T 584 | Southn Cal Gas 456 Southn Cal G 41486 | So Colo Pwr 6% 47 A | South Nat G 4158751 So Pac 3% s 46 | So Paccol a So Pac ref 485 | So Pac 4'%s 69 | So Pac 43,8 81 | S0 Pac Oreg 41817 So Ry gen 4856 A So Rv bs 94 1 5 i ~ 106 | S W Bell Tel 33864 105 | Stand O1I N.J 35761 _ Studebaker cv 65 '45 Tenn El Pw 6s 47 Term As St L 4s Texas Corp 334851 Texas & Pac bs '79 C A Texas & Pac 68 80 D_ 103 3 - 1043 | Third Avrefas'6n___ Third Av 1st 58°37 1095 | Third A ad in ex 53'66 Tide Wat Oil 3153852 | Unton Pac 31871 Unjon Pac 18t 4s'47 Un Pac st rf 55 2008 Inited Drug 6s 53 __ U S Rubber 58 ‘47 Utah L& T 53 44 A, Utah P & L 5844 Uil P& L5S 59 ww_ Ut P& Lbts 47— | Vanadtum cv 5841 | | wabash 15t 5539 Wabash 2d 55 39 | Walker H. Ver Sug 1st 7842 ctfs Va Ry 1st3%s 66 A_ S 434845 106! ‘| walworth 486 | Warner-Quin 6s'39 _ 0. Westchester L §s ‘50 | West'n Md 18t 4862 102 | West'n Un 435850 { Westn Un 6861 | West'n Un 55 60 Wheel 14'.8'66 W Sp St 5 ¢ | W Sp Sticon s Wiison & Co 45 65 | Y'ngstn S&T 3138751 148 | Y'ngstn S&T 4361 t ) et 10674 106 107 107 106 106 1001, 100 1001, 1000 941, 94 107 106 e 9 106 ar 109 109 94 108 v 108 « 1041 5 1031 + 103 4 103 491y RR1y 88 100% 1005 100% 967 113 116 971 a6 105 934 I « 106 &0 46 120 102 92 1 . RR 100 39 3% 2 102 1 147 ~ 103 801 461 120 92 92 84 100 29 29 102 10 METAL MARKET. NEW YORK. Jul export, 14.20-28, 1y unchangeds S % 1058, 881, a1, 1134 —Copper 1008, | steads. electrolytie spot and future, 14.00 Other metals nominal- |INTEREST OFFER MADE 231, 21% ON HUNGARIAN BONDS By the Associated Press, | NEW YORK, July 24.—An offer to | resume partial interest payments to | an.. | foreign holders of 65 issues of Hun-! 7, | garian municipal, ecclesiastical and | 99y, | private long-term bonds was an- « 1061y | nounced in a statement from the | 107 | cash office of foreign credits, Buda 106 | pest, and made available in this ¢ 100% | country | i3 .,,.i The offer provides for annual pay- 4 11 ments of 112 to 13 per cent in full | satisfaction of interest falling due during the three-year period, August | 1, 1937—July 31, 1940, but does not apply to arrears existing since 1931, | | when the Hungarian government si | pended transfer of interest on long- term foreign debts payable in foreign exchange DOLLAR GOES HIGHER /5 1R 141, 16%, 861 LEIN 7478 106 9% 109 9415 2 10815 104 a2 103 13 1031 2 491y AR 17 | B7 Associated Press. | LONDON, July 24-The United | States dollar gained 15-16 of a cent in today's foreign exchange market, 116 | The unit was quoted 496% to the 9713 | pound at the close, compared with a | sterling rate of $4.97 in New York | over night | French francs were 13309 to the | pound in final dealings, agawnst 133.19 | yesterda | | . 967y ' Horcul?‘é 'Pf;fi‘(lel' e 10 |01, Earnings Mount Well Above 1936 By the Assoclated Press WILMINGTON, Del, July 24— Hercules Powder Co. reported today | | net earnings of $3,037.12 for the first | 30 | six months of 1937, after providing for | + 102 1 qepreciation and Federal taxes. | 148 | This 15 equal to $4.70 a share on an | 103% | average of 590,722 shares of out- standing common stock, after pay- ment of $262464 preferred dividends. | This compares with $2.51 earned on | an average of 583,865 common -hnres] in the first six months of 1936. 120 2 1027 | 92 | N 9lTh S 89| X 1007y 39 IN LONDON DEALINGS !> Lion Oil (1a) Ch(.80a) Lone St G(.40g) _. Long Is Lt Louis L& Lynch Corp(3g) - MeWill Dred (2)_ Master ; MemphNG (10g) - Mesabi Iron Mich Bumper Mich G & O Mich St Tu (13g) Mid St Pet B vic | Molybdenum | Moore ¢ D (1.60) Mount City Cop Mount Prod (.60) Nat Bellas Hess | Nat Fuel G (1) Nat P& Lt pf (6) | N J Zine (2a) | Ni & Hud Pow Hud 1pf(5) NgShMdB(15g) Niles-Bem-P(ig) Nor Am Lt&Pow. Am Ut Sec SUP A or Tex Kl pf (r) Novadel-Ag (2) pr(6) AL Gas Nia 21 12 1 2 Ohio kla 1 1008 Pennroad (1 e) Pa Wai & Po (4) Plerce Gov 30g Proneer Gld(.40) Titts Forg Pitts PLGI ( Plough (1.20) Premier Gld .12a Prosperity B P'S Ind 36 pf P S Ind $7 prpf Pug Sd P $6 pf Rainbow Lum A citer-Fost Reli'ce F&E 15 & Revnolds Inv _ Rice St DG 38,g Richmond Rad Root Pet (1(g) &) 253100 Money for Construction Loans and Loans on Existing Properties 5% | FIRST DEED OF TRUST ONLY GEORGEI. BORGER | 643 Indiana Ave. N.W. Nat’l 0350 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 85 1315 55 4 2 25% 1 331, 100 100 14 14y | 3042 30% | " 200 61y | 14y 30% 1610 K St. N.W. NAtL 1403 FIRST TRUST LOANS LONG TERM 3% $6.60 per month per $1,000 includes interest and pay- ment on principal. Pays loan in 20 years. No renewal. 12415 12415 16 15 2% 2% | 138, 1334 32 32 56 56 343 354 | OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Desks Tables 1416 Eve 8t. N.W. Steel Files Steel Cabinets Safes BAUM'S FURNITURE HOUSE Phene NA. 2184 BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K 8t. N.W. NA. 9300 NAtional 2100 Consider These Facts When You Wish To Arrange A REALESTATE LOAN (] LOANS on improved or to be improved real estate— as low as $7.50 . per thousand per month including interest and curtail . ., No commis- sions . . . No renewal fees. Let us help you solve your problem with a Perpetual loan. PERPETUAL Building Association is the largest in Washington, and one of theleadersintheentire United Stat PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep in close contact with the officers and materially ist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. S. Treasury Dept. are sup- plemented by special C.P.A. audits as well its own Auditing staff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12.000 000 for the year. PERPETUAL BUILDING ASSOCIATION 11th & ESTREETS, N. W. ESTABLISHED 1881 Largest In Washington — Aesets Over $43,000.000 ARTHUR G, HOP MARVIN A. OMSTIS EDWARD C. BALTZ Chairman of The Beard President Seoretary