Evening Star Newspaper, July 25, 1937, Page 56

FINANCIA HUGE GAIN SEEN IN FARM INCOME Standard Statistics Estimates Crop Value Will Exceed Last Year by More Than Billion. Bpecial Dispatch to The Star. NEW YORK, July 24.—In its week- Iy summary of the general business situation, the Standard Statistics Co., of New York, currently comments as follows: “With the automobile industry soon %o reduce production sharply for model change-overs and with several other tines curtailing operations for seasonal reasons, business is now approaching the dullest periol of the year. Earlier forecasts of a substantial improve- ment in farm purchasing power are supported by our preliminary esti- mate of the value ol agricultural production for the 1937-38 crop year. The improvement in farm buying power, coupled with the favorable out- look for a number of important in- dustries, should result in a highly satisfactory level of trade in the final quarter of this year. . “The Standard Statistics Co. esti- mates the value of agricultural pro- duction for the season at $13,665,000,- 000, compared with $12,437,000,000 for 1936-37, an increase of 9.9 per cent. The value of the crops is placed at $7.986,800,000, in gains of 94 per cent, while the value of livestock and the livestock products is figured at $5.678,300,000, up 10.6 per cent. “Farmers are already spending freely, As shown by the fact that rural retail sales in June were up 11.7 per cent from a year earlier and were only 2 per cent below the corresponding 1929 month. Actual purchasing power of the tarmer during the final half of the year probably will average above that in 1929, for, although cash receipts will be moderately smaller, cost of living and of operating the farm will be much lower.” CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, July 24 —The follow- ing is a summary of corporation news, prepared by Standard Statistics Co., Inc, New York Kelsey-Hayes Wheel Co—Class B thare earnings, six months ended June 30, were $1.42, against $1.79. Fairbanks Co.—First preferred share earnings, six months ended June 30, | were $11.02, against 8 cents. Sutherland Paper Co.—Net sales of company for first six months of 1937 showed an increase of 22 per cent as compared with like period of 1936 Backlog of orders was reported sub- §tantial. Pere Marquette Railway—Common Jhare earnings after sinking fund charges. six months ended June 30, were $1.11, against $1.27 American Water Wor & Electric Co.—Power eutput of electric subsidi- aries in June increased 11 per cent over June, 1936. In six months gain was 14 per cent. Florida Power & Light Co.—Pre- ferred share earnings. 12 months end- ed June 30, were $10.59, against $5.68. Parmelee Transportation Co.—Com- mon share earnings, six months ended June 30, were 13 cents, against 25 cents Twin City Rapid Transit Co.—Com- mon share earnings, six months ended June 30, were $1.36, against $1.70. Motor Products Corp.— Common share earnings after surtax, six months ended June 30, were $3.72, against $2.06. Virginia Iron, Coal & Coke Co.— Deficit, six months ended June 30, was $62.833, against deficit of $81.955. Dominion Stores, Ltd—Net income, 24 weeks ended June 12, was $34,177, equal to 12 cenis a common share, egainst deficit of $36992 in 24 weeks ended June 13, 1936. Remington Arms Co. Inc.—Com- pany earned about 9 cents per com- mon share in first half. Texas Corp—Common share earn- ings, six months ended June 30, ap- proximated $2.48, against $1.71. Reis, Robert, & Co.—Gross sales, in- cluding subsidiaries, six months ended June 30, increased 15 per cent over ke 1936 period Shattuck, Frank G., Co.—Common thare earnings, six months ended June 80, were 30 cents, against 28 cent: Eastern Gas & Fuel Associates— Prior preferred share earnings, 12 months ended June 30, were $12.36, egainst $11.21. Standard Gas & Electric Co.—Net {ncome, five months ended May 31, was $2.477,070, against $2,002,784. Gardner - Denver Co—Common rhare earnings, six months ended June 30, were sl 15, agmmt 84 cents, Bulldl ng "' (Continued E}gmAFQrfit Page.) home construction costs directly affect all Nationwide wage earners, “Although assurances are manifest that present rentals on income pro- ducing properties are returning a small investment, a wide division of opinion prevails on whether 1937 ‘wage increases will result in a sit- down strike of housing buyers; or, considering the building stagnation of over seven year's duration a gigan- tic boom is inevitable if labor and material costs do not go higher.” Washington Is Fourth, New York City leads the Nation in building construction, the survey stated. with permits the first half of the year estimated involving $150,- 000,000 compared with $107.828.000 a year ago. Los Angeles, Detroit, Wash- ington, Chicago, Boston, Cleveland, 8an Francisco, Baltimore and Cin- cinnati follow in that order. In 32 cities, 35,528 new homes with & value of $155,139,724 were completed or under way, compared with 26,551 homes a year ago. These figures do pot include suburban building. 0DD-LOT DEALINGS. The Securities Commission reported yesterday these odd-lot transactions by dealers and specialists on the New York Stock Exchange for July 22: 5899 sales to customers, involving 161,288 shares; 5826 purchases, in- yolving 149,95 shares. FEDERAL LAND BANKS NEW YORK, July 24 (#).—Federal Land Bank bonds Rate. N Taturity, Asked. 3! 103 1015 234 1071 1014 101% REGISTRATION STATEMENTS. Registration statements for new securi- 'Ml issues filed sterday with the Securi- mflll‘(”l“‘flflu fl Manufact: s an actur- &: Haute, Ind. EE X Par value common counts of stockholders. ! Undervrltel’. Thompson Ross Becurities Co. By the Assoclated Press. 11 8tocks and Dividends. Acme W1 vte (2) Aero Sup Mfx B Alnsworth (¥,g) 2% Alr Devices_ 72! 59! 67 2 16! » 21 177 119% 14'y 140 828 243 18 24 488, 1127 12 SQ:' 5% Big 427y 137y 8T% 4 29 38y 9 11% 118 4 156 123 7614 18% 2% 92y by 60 T9'% 20 T4y 104% 10% 139 & 64 34 2% 174 1 11% 891 ey 2% 101% 135 3 17 120 111 T 4 AirIny 'y A Y Power pf (§) Ala Power pf (7) N Alles & Risher 13 Allied Products Allied Prod A (1%) Alum Co Am Alum Co pf (6) Alum Ind (40) __ 98% Alum Ltd = 19 Am Airlines 175 Am Box Bd (.95g) S Am Capital (B) 8 30 % Am ¢ Am 0 Am CT&L ww ( AMCP& LB ( 26% Am Cyan B ( ) 1 173 28 106 9 s Am & Am I W Am Am WoAm 80 Am AT 17y 26 3R 5 1 24 88 4 3 5 26! 1101 1011y 3 1 6! 61 81y 76! 10 17 T 47 1 19 1 Am Ha % Am L& T (1.200) Yy Am L& Am N Am Preumatic Am P& Cho(1g ) e Am Neal Kap LA Sup Power Yy Am Sup PP pr Am Sup P1pf(6) Yo Am Thread pf (1) Anch Post 1 S Ang Wupp (20g) 2 Apex I3 Anpal 1P pr (7)) Arctur Rad Tube 'e ATk Nat Gas « Ark Nat Gax A e ATK Nat Gas pf, s ATK Pw & Lt pf (7) Art Met Wk (.80) + Axhiland O & cetric AN G & B pt e AU Cst Rish (.35g) AL Cst Line Co (2150) % Atlax Corp war Atlax Plyowod (1% k) MW Austin Silver M 51y Automat I'rod 7 61 221y 114 Auto V Mach (1za) Axton Fis A s Babeock & W (8g) dwin Bond 0t (r) dwin 1Rub (1z) ___ 2% Bur B 15 y & Bk & Gay B 4 23 42 1 29 13 4 26 1 lH 8 Breeze Corp 4 16 46 “ 11 6 4 4% Bur 1 . Barium Sta Stl 5% Barl & Seel A (1.20) Yy Bath Iron W (6% () Beaunit M ev pf (113) Beech Aire = Bell Airc !x\v«&l.w\bllru rnowar _. Bickfords (1.20) &M (%K) Bliss & Laugh ( v Blue Ridge (15g 12 Blue Ridee cv pf uh) Blumenthal (S) Bohack (H C) 1st pf '« Borne Serymser (%g) . 1 Bourjois s Bower 12 Bear (1g) A% Bawm Bilt H » Bowman Bilt H 2d pf 1 Braz T & L (.90g) Ay Brewster Aero Bridgpt Mach (148) _ ty Bright Star Elec (B)- A Brill A x Brill B 12 Brill pf 21¢ Br A Oil cpn (908) Hrow Brow Copf & W (90g) . 251; Brown I & W A (2) 13 Brown I Dist B % BuckeyeP 1 (3g) __ Ppf(1.60) _ P1pf (5) Bunk Hill & S (113) Burma Ltd (.162g) y Biscuit (14g) ab & Wire A - % Cab & Wire B Can Hydro Kl pf__ v Ind Ale A an Ind Ale B 1% Can Mare Wire 18 Carib Syn (l2g) 27 Carman B megie Met Curo Pwr & Lt pf () 2 Caro P&L$T pf (7) Carrier Corp Carter (J W) (.40g) 3 » Prod (2% 51y Catalin Am 108 1y Celanese 1st pf (7a) 393, Celluloid pf . 1413 Cen Hud G & K (.80) 12% Cent Ohio St (.83g) 82 Cen P & L pf (4.814k) 21 Cen & Sw Ut 1 104 Cent 11 10 Cen St tates Elec cv pf __ Cen St Kevpfn Cen St 281 Cent StE 47 14 12 Ty C) % Centrif Pi (. Chamber MW S 14 Charis Corp (11y) _ Burrell (4) - 110'4 Chesebro (4a) = 52% Chi Flex Shaft (4) 14 Chi Riv & Mach (.30g) T4 Chief Cons 70 2 39 51 Childs pf = i Citlex Service, Citie vice pf City Serv Pwr&lL $7pf . T8 City Auto Stp (.30g) __. 4 33 City & Sub Ho (.30) ___ 14 Clark Controller (1g) . 3 Claude Neon Lt _ 37 10 1 19 Cleve KITI(2) Cleve Tract . Club Al Uten _ 14% Cockshutt Plow 5% Cohn & Rosen 31% Colon Develop ___ 3! 16 Colon Devel cv pf. 11% Colo Fuel & T war 56 62 Lolts Pat F (14 &) Colum G & ¥ pf (5) - 5% Colum O & G _ 104 32 24 14 5 7 64 1% 6! 96 2! 6 16 15 55! 20 10 27 2 4 4 23 12 28 12 Comwlth Ed (5) & Comwlth & So war__ Com P & 1.1 pf Comm Pub Sve (1a) - 7% Com Wat Sve - Y& Comp Sh Mch vte (1) Cons Bise (.60) % Cons Cop Min ___ - Cons G&E (Balto) 3.60 . 4 Cons Gas Util 2 % Cons Gas Ut war 15 Cons Ret Stra Cons Ret Stra pf (8) % Cons Royalty (.20)_ Cons Steel Corp_ % Cont Oil Mex 3 Cont Roll & Stl ook Paint&Var (. % Cook Paint&Var pt (4)- Cooper-Bess _________ Copper Range - Copperweld Stl (2)_ Cord Corp 3% Corroon & Rey 4 Cosxden Petro Cosden Petro pf 4% Courtaulds (.25g)_ 1% Creole Pet (14g) Crocker Wif % Croft Brewini 1% Crown C Pet _ 12 2 4 11 19! 24 10! 60 5! % 15! 17 2 3 % Crown CIntl A (1)_ % Crown Drug ___ Crystal Oil Refining nr & CusiMex____ 1% Darby Pet (14) % Dayton Rub___ Dayton Rub (A) (3k) % Dejay Strs (.80a) Dennison Mfg 1 pf % Derby OIl Derby Oil pf (2k) _. % Detroit Gasket (1) Det G & M pf (1.20) ta Det Gray Ir (.04) % Det Mich Sto: 514 Det Paper 4 % Det Stl Pr High, Y Low. 46% an 4% 131 13 16% 37 3 45% 218 THE 1937, Close. 51y 4% 14k 2% 3% Net. Chee. 4% + F ~ o SEFIRFERSESL T++ 0 +4++ 01 ++++41 Eon FF * s SUNDAY mn High. Low. 4% 12 30 6% Y 30 l""fi 21 59'¢ 8Btocks and Dividends. Diveo Twin Truck(.40). Dom St & Coal _____ Douglas Shoe pf. Draper Cp (2.40a) Driver-Harris ( Driver-Har pf (7) Dubilier Con Duke Pwr (28) Duro Tw Trk (.40)- Duval Tex Kag PLLA (208) States (B) pf__ sh M B (128) Bdix Br Strs (1) Eisler K1 Bond & » ¥l Bnd & S$h pr(6) El Pow Ax (.15 np G & 1 8% pf npire Power (1K) Bmsco D & kg (1) Equity Corp Burop B deb rt ans Wallo ~Cell-0 Cp (A0g) bl Ay re Ax Phil (2) FSUNUSUL S (7) sk Rub pf (6) Flovida I & 1Lt $7 pf Ford M Can A (1) Ford M Ltd (213g) Frankl ay Froedt (i (1 Gamewell pf (1K) Gen Alloys Invest warrants Tel (1) Gen T & Itub Gen T & R pf A (6) Georg Pow pf (6) Ihert (A C)pf (313) Lidding Me Bean Godehaux Godehaux Goldtield ¢ Gray 4 GEAL& Py (61) A& T ISUpl(T) Nor Pap (1a) GuSta Ut ity pf (51;) . Gypsum Lime & A Hall Lamp (.20g) Haloid (1) Hartford Elec tman Toh Harvard Brew — Hat Corp Am (R) (.60) azeltine Corp (3) D Strs (1.65g) Min (45g) Helena Rubenst'n A1) Heller (WE)pf ww 13, - Hewitt Rub (1.g) Hoe (R) & Co A Holling Gold (.65a) Holophane (1.20g) Horn & Hard Hud Bay M & Humble 0il (1 Hum Ross Fi (20 Huylers of Del pf stpd Hygrade Fad Hygrade Sylv (2g) 111 Towa Pow 111 Towa Pow div et 11 Towa Pow pf 111 Zine (14g) THuminating Shres (A)- Tmp Chem Ind (1.97g) Tmp Oil Can (1an) Tmp Ol of Can reg Via _ 2%) « Ty h Inter 8 ITmp Tob Can (.42 Tnd Ter 111 A Ind Pipe 20g) = Indiana Service 6% pf Indiana & T% pf . Tndnpls P&LLpf (614) Tndus Finan pf Ings Co N Am (2a) Int Cig Ma Int Holding Int Hyd- Tnt Hyd- Internat Pet (1%a)____ Inter Prod Inter Radio (. 85g) Raz B Inter ["til A Tnter U7 B Inter Ut war new Inter Vitamin (15) Inters Home E (.44) Inters Hos (21;) Inters Pw Del pf 4 Tron Fire vie (1.20) Irving Air Ch (1) Ttalian Superpower(A) Ital Superp deb rt Jacobs Co (14g) Jeannette Gla Jer Cent P&Lpf (6) ___ Jer Cent P&I, pf (7) 4 Jonas & N (.15g) 1% 11% Jones & Lau St Ken Rad T (%g) Kings C Ltd pf B (7) Kingston Pr (.40) Kirby Pet Kirkl Lake G M (.03g) - Knott Corp (.20g) Kopper Kress ( Kruger Brew (1a)__ Lake Sh M (4a) Lakey Fdy & M Lefcourt R Lehigh ' & 'd Oil neau, Inc Locke Stl Ch (.80a) Lockheed Aire Long Is Lt Long Is L pf (7) Long Is L pf B (6) Loudon Pack Louis L & K (.40)__ Ludwig Baumann pf Lynch Corp (3g) McCord Rad B _ _ MeWill Dredg (2)_ Majestic Rad & T- Mangel Strs Marion St Shov Mass Util Asso Massey Harris__ Master Elec (1) May Hosery pf ww (4) Mead John (3a) Memph N G (.10g) Memphis P & Lt pf (7). Mercant Strs (3g) ____. Merch & Mf A (.60) Merritt-C & S Merritt-C & S pf A Mesabi Tron Metropolitan Ed pf(6) Mich Bumper Michigan G & O Mich Stl Tube (% # Michigan Sug 4 Mid St Pet A vte 4 Mid St Pet B vte _ Mid Oil ev pf (32k)- Midvale (2&) Midwest Abr _ Midwest Oil (% &, Mining Corp Can Minn Min & M (.90g) _ Minn Pow & L pf (7)_. Mock J Voeh (.30g) —. Molybdenum Monroe Loan Arso(.32). Mont »Ward A (7) Montr LH&P (1%)_ Moody In pt pf (3) Moore Cop (1.60) Mortg Bank Col (1358} 9% Mount City Cop.... STAR, WASHINGTO Low. Close. Chg. 5 b% o+ W 22% 22% + % 3B 35 -y £l +2% -2 - % +3 - % -% + 4 + % % Gz 10 20'% 16'5 4T 4, iBly 59 2% 1% 1% 9 207y 20%, 267 o581, ETN R0 90 51 110 5 6: 5% 61 14 D. C, JULY 25 1937 ‘High. Low. T 6% 2814 9Ty 44% Stocks and Dividends. Mount Prod (.60) Murray O M (.60g) Muskogee pf (6) __ Nat Au F vte (1%g)- Nat Bellas Hess Nat Bd & Sh (%g) Nat City LI (%g)- Nat Contnr (1%g)._ Nat Fuel G (1) Nat Mfg & Stores _ Nat Oil Prd (.80g) Nat Pwr & Lt pf (§) Nat Rub Mch Nat Service Nat Service pf Nat Sug Ref (2) _ Nat Trans (.45g) Nat Un Rad Nuvarro Oil (.40a) Nehi Corp (1) 4 Nelson (H) R Nev Cal B pf (7) New Bradford (.18g) New Eng T & T (3% &) N H Clock (1%) 27n NI Zine (2a) x 79% N Mex & Ariz FEsurey 8 Newmt Min (1128) ____ 1088 New | ess (1g) NY Merch (.80i) NYPwr& Lot (1) . Low. 6i4 1914 91 Close. Coes. 618 = % 19% — % o 29% 1% 56 ST 12% 15% 84 4 18 +H++H1EHEF N+ - ErEeFIE SIEFER &l FEFS S8 -x 14 Niag Hud Pow Niag Hud A w Niag Hud B s Hud 1 pf (5) Niag Hud 2 pf (5) Nk Sh Md B (158) ___ Nor Ani L& Pow Nor Am L& P pr Nor Cen Tex .15 Nor Burop Oil Nor IS 6, pr e Pibe L (50g) 261y B2 b4 100 11014 10915 Novadel-Ax Olio Braxs B (11,g) 6) Olio Ol pf (6) Ohio Pow pf (6) Ohio Pub Sve pf A (7) Oilxtocks (401) 915 Okla Nat Gax 26 OKla Nat Gus pf 3 Oldetyme Dist The Overseus Sec (T0x) 28 Puc G & K Istpf (11g) 5 Pac Pub Sve 38 Tin spl (2a) 59 VAP (1) 513 Pantepec Oil amonunt Motor Pen (2) rsbg &I 4og) tPLymouth M (1) 106% 1021, 101% 12% Pa I'wr & Ltpf (6) P 'wr & LUpt (7) Pharis T & | Phila r u.m.) Phillips Pk Phoenix s Phoer “erce Govern (30g) -s Winterfront Pioneer Gald (.40) Pitney-Rowes (.40) Pitts Forg Pitis& LK (41,8) Pitts Metallu (1a) Pitta PLGL (2158) Pleas Val W (.10g) Plough ( Potrero Su 2 Powdrell & Al (35g) __ Pratt & Lambert (1g) __ Premier Gld (.12a) Yressed Metals Prod Corp Propper McCall (o)LEEs B 15 (80) « Pruden Iny tial Inv pf (7) ery Ind 36 pf erv Ind $7 prpf Pub 8v Okla pf (6) 5 Pub Util Sec pt pf A PS5 pf(61k) mm - 1138, 130 18 t See (30g) . 19 aiibow Lum A g «vm Cone (1a) avm Co Avtheon Mfg Red Bank Oil Reed Roll Rit (.80a) Reiter-Fost Rel J& B (Oyg) Revbarn Ine (.10g) Revnolds Iny Rice Stix D GG (33 g) Richmond Rad Rio Grande V(i vie Rolls-Rovee Lid 544g Roosevelt Fd Root Pet (14g) Root Petrol pf (1.20) Royal Type (4x) Russeks F Ave (1g) Rustless [ & § Rustless 1&S cv pf 21y Ryan Cons Ryerson & H x 381y x 46 nee Lawrence Lud Regis Pap egis Pap pf _ amson Unit Savoy Oil covill \|(g (l;) SB WS §6 pf inc 281 104 1013 1% —18 + 13 i - % Selected Ind cv (3K)._ SelInd (alet) (513) - L Ind prpf (51g) Sentry S Con Z % ] tion. warrants. 1937—PART FIVE FINANCIAL WEEKLY SUMMARY OF THE NEW YORK CURB MARKET WEEK ENDING SATURDAY, JULY 24, Net, Btocks and Dividends, Seton 1.eather Seversky Alrc_ Shattuck Denn __ High. Low. Olose. 9 4 Shaw W & P (.80) 4 Std C & S 4 Std Wh Sherwin-Wms (4a) Sherwin-Wms pf (5)_ Simmons H & P Simplicity Pat (%g)-. Singer Mg (6a) Solar Mfg ( Sonotone _ _ Soss Mfk (15) So So Penn Ofl (114a) *al Bd pf (114a)_ So Col P South Pipe ( 2":) Southld Roy (.20g) Span & Gen A DR Spencer 8 (1.05g) Stand Brew = Stand C& S (1.60a) v pf (1.60) Stand Dredg - Stand Dredg cv pf _ Stand Inv pf St Oil Ky (1a) = St Ol Neb (%4 g)__ St Oil Ohfo (1) St Oil Ohio pf (5) - St Pow & Lt __ St Pow & LB __ St Pow & L pf Stand Prod (%¢) Stand Sil-T. ( Std Stl Spg (2'3e) Stand Tube B P&AWKS 1. "l')l - Starrett Corp vie Nterchi Br Str Sterchi Bros Sts ixt pf Sterchi Br St 2 pf (1) Sterl Aluy Sterling Br (.10g) Sterl Ine a) £ Stetxon (. B) H‘g) troock & tutz Mot A Pr (k) Superior I’ Cem B Swiss-Am El pf mpu K1 (2.24) __ fanlyeast A Paylor K Dist (.30) Technlcolor 1 Tech-H G (408) Texas Pwr & Lupt (7) Texon Ol (.60) Thew Shovel ____ Tilo Roof (1) _ 0b & Al Stka (1g) Tob Pr Exp (.15€) a Tob Sec Lid (.199g) Tob Sec Ltd (D) Todd Ship (2) Tol kd 6% pf (6) nopsh Min Trans-Lux (.20) "ranswest Ofl "ri-Cont war Pubize Chat Sol Lamp UL pf (.80) len & €075 % pt nexcelled Mfx nion Gas (Can) .60 nit raft war _ nit Chem it Chem pie pt “nit Corp war “nit “nit “nit “nit “nit nit nit “nit “nit “nit Gaspf (1) Lt & & Pow A_ Lt& Pow B___ L& Pevpf Milk Prod (1158) _ Molasses (182g)__ NJRR&C (10) Profit Sh (.108) “nit Shipyds B nit Shoe M (213a) “nit Shoe M pf (1%)___ nit Spee (1.40)___ S Foil B (%g) S & Int Sec S & Int Sec pf llhk]. S Play Card (1a)_ Radiator g S Rubber Recl S Stores nited Stores vie. nit Verde Ext(1g)____ nit Wall P (.15g) niv Con Oil niv Corp vte niv Insur (1) niv Pictures niv Prod (1g) % tah P& Lpf (13K) - Ttiea G & E pf (1) Ul Power & Lt (r) til Pow & LUB (r)____ Ul P& Lpf (r) titity Bquit Ul Kquit pf (3%)_ “tility & Ind “tility & Ind pf Valspar Corp vie - Valspar pf vie Van Nor M T (1.60) _ Venez Mex Oil Venezuel Pet 2 Virg Pub Sve pf (7) 2% Yukon Gold (.06g) rTn bankruptcy or receivership. or being reorganized under the Bankruptey Rates of dividends in the foresoing table are annual dis- bursements based on the Iast quarterly or semi-annual declara- Unless otherwise noted, special or extra dividends are not luded x Ex dividend, Pa or paid so far this ye k Accumulted dividend _pa xw Without warrants. Vogt Mfg (.80) Waco Aire, Waitt & Bond A Walker Min Wayne Knit M Weisbm B Br (.40a) Wellington Oil Wentw'th M (.15g) - West Va C & West Tex Utll pf AG! - '« Weyenb'g Sh (.20g) Williams (RC) (.30) _ Wms Qil-O-Mat - Wil-Low Caf pf (r) _ Willson Products (1) Wilson Jones Wolverine 't Cem Wolverine T (.44g) Woadley Petrol B40) Woolworth Ltd(.539g) Wright Hark (40a) 3% U or securities assumed by such compan Also extra. able in st h Cash or xr Ex rigbts, aid last year. no_regular rate. or declared this year. war Warrants, Chge. - % + % + 1+ ++1 P (G ooy o S es, b Including & Declared stock. ww With SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) fluctuations Am Tel & Tel 5las limited rangi Auburn Auto Co 4348 Bal Loco Works bs Calif Pack Corp bs ° Sar Cl & Ohlo J Ches & Edison Eiec Hium Gen Public Serv 515 1) Gr Rap & Ind 4%as ' Houston Oil 5las 40 Intern Mer Laclede Gas Light 5 Lehigh Val Coal ¢ rate of $4.97. Another heavy engage; ADAN. totaling g6, 00 bringing the agar 000.000 "mark. $1.690.000 of the Closing New York Britain in dollars, "o th B others a “—Dom: 4.97; Belgium. 1 re'meud. Rio Grande 5! Vanadium Corp_ bs, Vertientes Sux Co Wabash Ry Co 5s Warner Broy' s - Western N Y & Ps 104 Western Union Tel b 101% FOREIGN MARKETS. IVERPOOL, July 24 (P—The cotton P Ay sbarply” to close to Polnts met fower today under heavs seneral iiguidation and some speculative selling which _uncovered _stop orders. Bearish sentiment was influenced by large crop ideas and President Roosevelt's view that two_successive crops like the present one might bring K-cent cotton. Wheat futures were auiet and ended % to 1d higher due to unfavorable weather for harvesting the Russian and North Euro- pean crop, a decline in July tenders and covering. Decreased cash wheat demand caused a partial reaction from the highs. London and Closed Home: OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM’S FURNITURE HOUSE 1416 Eye N.W. Phone NA. 9184 FOREIGN EXCHANGES. NEW YORK. July 4 (#).—Foreign_ex- change dealings’ were quiei of principal currencies held 19 Netherlands guild- cent and the Cana- 64 of a cent. In London the dollar pushed up 1i of & cent to close at 4.963, to the pound. which compared with the overnight New York There_was no trading in Paris because of the Saturday holiday. ment )0, of Canada "also contributed in cents ates follow: Great G cables. 4 4. France—Demand, 312" Italy—Demand, 6.84: 00; Norway, Apartments today was reported. ate of such takings in the last four months well over the Germany, with Tokl Sionetone. 5 Mexico Montreal in New York. 100.01% in Montreal. 99.98,%. n—Nominal, CHICAGO PRODUCE. SHICAGO. July 24 (m.—Eses. cases; butter, 12.008 m Potatoes—Arrivals. on uck tote) United Btates shipmence. 548, demand from Kansa: market _alightly xold in $100.- size Norti commercial stoc . 1.65; 1daho Bliss Tflumph . partly araded. 1,608 cwhl-n U 1.1081.25. travel 4.9 First Mortcace Loans District of Columbia, Nearby Maryland and Virginin Business Properties 5% Terms from 3 to 15 years Also Monthly Payment Loans INCORPORATED fimfitfiv Comne s?nm 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600 19: Pinland, ‘unguoted: oland, 5 New York 5388 | ;:u b up- and weaker: -lmmm U aded. few sales, RANDALL H. HAGNER & COMPANY | COLLIE_ Lead Production Of World Shows Decrease in June By the Associated Press. NEW YORK, July 24—The Amere ican Bureau of Metal Statistics re= ported today world refined lead pro. duction during June of 147,157 tons, not including Spain, compared with 157,930 tons in May. Domestic lead production totaled 37,321 tons in June, against 40,192 tons in May. World production for the six months ended June 30 amount- ed to 893804 tons, while domestic half-year production totaled 239,052 tons. World production of refined zine, including the United States, totaled 155.440 tons in June, ‘against 163,006 in the preceding month. Domestic refined production for June amounted to 50,526 tons, compared with 55,012 tons in May. HIGHEST HOURLY WAGES PAID BY OIL REFINERS Srecial Dispatch to The Star. NEW YORK, July 24.—Averags hourly earnings in the petroleum in= dustry, traditionally high, now are the highest prevailing in any manue facturing industry, according to data of the United States Bureau of Labor Statistics. At 951 cents the average hourly rate paid the refinery worker exceeds by nearly 50 per cent the average paid to employes in 91 other industries covered by the bureau's survey Increases granted during the last year have added nearly one-fifth to average hourly wages of refiner; | ers and have brought hourly rates ap= proximately to 50 per cent above tha boom year of 1929, when the average rate was 64 cents. At the same time the work-week has been shortened The average refinery worker in 1929 put in 49 hours a week. Cur- rently, he is working only 356 hours, a decrease of 27 per cent, and nearly five hours less than the average week of 404 hours now prevailing in all other manufacturing industries. INTERVENTION OPPOSED IN FRISCO PROCEEDINGS By the Associated Press, The Interstate Commerce Commis= sion denied yesterday the application of W. B. Stratton of Nr‘u York City for authority to intervene®in the res organization proceedings of the St. Louis, San Francisco Railway Co Stratton, who owns $20.000 of tha road’s 4 per cent prior lien mortgage bonds, recently filed with the coms mission a proposed plan of reorganiza- tion of the carrier. The commission said Stratton's in- terest was not such that he might file such a plan as a matter of right. AUTO JOBS AT NEW PEAK. NEW YORK. July 2¢ (#.—Tha Automobile Manufacturers’ Association | reported that employment in the autoe mobile and body manufacturing ine dustry, excluding pams manufacturers, reached an all time peak for the first eight months of the 1937 model year, 300 TONS OF LEAD SOLD NEW YORK, July 24 (&) —St, Joseph Lead Co., reports 300 tons of pig lead from Southeast Missourt mines sold yesterday at $5.85 per huna dred pounds St. Louis FOUND. WRIST WATCH and_i%o rings in_the Sanitary Bath Houss at North “Beach Julv 1K T this notice " LOST. BOSTON BULLDOG brown and straved from naval station. name reward Walnut #013 CAIRN TERRIER. small lr‘ceuzly plucked. reward. 0108 Md Call and —— whiie: Trixie”; buff color. male. Phone Potomac large, tan name “Percy.”’ lost | scrateh on nose DIAMOND PIN. Reward. Shoreham Hotel DOG. toy Boston bull male: named Duke burg rd. and Neal s ESKIMO SPITZ male lame right hind leg dren’s pet: reward. 3004 37nd st nw EYEGLASSBS—Silver-rimmed nose gla o, Dlack ease, vicinity I4th and Col. rd. Reward. 1350 Spring rd. n.w 320, immed. in | hlnt( case. h and 12th. noon Fri- rendon 941-R “and_white ans in wdhe,u section reward + large. lost Apt ¥ B ne. Call A about D. C Cieveland 1430 or | FISHING REELS. 2, on ave nw. finder Dplease Tudor Hall. Reward GERMAN POLICE I la answers to Duke 145 Florida ave Phone Adams 1460. Liberal reward GOLD-DIAMOND CLIP \uu aved; n.w, ity 10th and Kane. Adams 1157 -W. LOST. Saturday night. black wallet con- taining cash and check; liberal rew Phone Alexandria 3565 SONOTONE HEARING AID_ complete. and Sonolone transmitter. Liberal reward, 901 Washington_ Bidg. District_ TEETH. 4 on_plate: los Naylor's Sea Food Resta ater sts_sw.. Friday. July reward. Emerson binis WALLET, __brown, _cos passes. Reward. Natl 9 z WALLET. July 4. between 14th and Ra dolph or’ 1023 K and $10: reward. Wm. Hahn. Met WHITE GOLD WATCH. green L. A T.on back: Navy Yard car. 122 Florida ave. n.w ks WIRE-HAIRED TERRIER brown and black _spots Count": reward._ North 7 WRIST WATCH. lacy's viciity Center Market 5th nw.: reward. Dec. 146i5-J or $50 REWARD given to the par'y for return of the three articles of Jev lost_in the wash room at Gray Cafeteria, 522 iXih n. SPECIAL NOTIC(S T WILL NOT BE RESPONSIBLE FOR ANY debts contracted for by any one other th\ mysel{. CLIFFORD H. MALONEY Douglas st. n.e & S REDUCING —6 _TREAT 83 REMOVES fat in spots: results assured. diet, baths Appointments, Nati. 8134, 1930 K st. n.w. * OLD ESTABLISHED FIRM DESIRES connection with reputable 1 tate broker or trust co. for the establishing himself as said tractor. JORDAN PAINT CO.. 811 King Sty Alexandria. Va. 1 WILL NOT BE RESPONSIBLE Fon a9l vicinity of 10th _and 30 p.m.; Tin Trailroad s 139 stones: Rewar Rravish-wnite. swer name st n.w. WANTED. INFORMATION FROM TRUS- tee or receiver of defunct ‘Aysterious Club” bonds: also other securities h: ‘n"x‘.‘a redemptive value. SCOTT, FINE PHOTOGRAPHS LSS EXPENSIVE during the Summer per_cent ofl_until SepL. 16. EDMONSTON STUDIO, 1335 F n.w._Natlonal 4900, DAL ""u’"“".? Sl Sviee a8 sale: new and used: ail styles, ‘uuud‘_‘p!:ri . UNITED STA’ msrofiAGE I WILL NOT BE R monslsw FOR ANY debts incurred by any one otner than my: self. BMITH, Crystal Eofines Canitol Heients. Md DAILY TRIPS MOVING LOADS AND PART loads to_and from Balto. Phila. and New York. Frequent trips fo other Eastern cities. “Dependaple Service Since 1896." THE DAVIDSON TRANSFER & STORAGE CO._Phone Decatur 2500. CHAMBERS world. 8ix Is gne of the larsest undertaker: the Complete tuncrals as 10w s $33 chapels. tw pariors. seventeen 22 Destaes (wentyfive underiakers and Siiitants ~ Ambujances how only 21 Chapin st. n embis 032 817 1108 & = tl 700 fON & WARENOUSE 00 2801 Georgia ave. Phone Adams 3377, Sypday, C! 5848