Evening Star Newspaper, July 26, 1937, Page 14

THE EVENING STAR, WASHI [ONDAY, JULY 26, 1937 FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESISHESTANT - A—14 *xx PINANCIAL B. & 0. EARNINGS RISE INHALF YEAR Bales— Stock and Add (;o. High. Prev. 1937 Stock and " Dividend Rate. Adfl 00, nl?E E-'mou ehn High. Low. Dividend Rate. Add INI High. Low. Close. th' Shell Unpf (5%) . 1 1041 104%% 10415 — % Silver King (.65g) - 15 14% 149 Simmons (1g) - 50% 497 B0 3% Simms Petroleum_. 315 o 3% 59% B9% B9% 10114 100% 10115 Prev. 1037 Stock and 5— Net | High, Low. Dividend Rat High, Low. Hish. Low. Dividend Rate, Add 00, Hish. Low, Close, chee. 8% Curtis Pub__ 14% 9% Marine Midl (.40a)_ 14 0% 10% + % | 105% 102 63% Acme Steel (4) B4 B2 +1% 71 Curtis Pub pf (7) 30% 187 Marshal Field 2 2l 25- 26% 26% + 4 12 19 -% 3 b Curtiss-Wright 29% 19% Martin (Glen) T 21% 21 21% + % 40 33 . 1613 Curtiss-Wright A. 13% 7 Martin-Parry 9 8% 9 + & 37% 2% , 48 Cushmanpf _ 41% 32% Math Alkall (1%) _ 36% 37% + % 74 90% 73% Cutler-Ham (1g) ... 166 142 147'% 147 147 Low. Close. chge 10% 5 64 20 47% T4% Addressog (1.40) Advance Rumley 6413 Air Reduction (1a)— 24 Air-Way El Ap _ +1% £ 9814 Skelly Oil pf (6) Operating Income in June Falls Below Same Month in 1936. BY EDWARD C. STONE. Net railway operating income of the Baltimore & Ohio R. R. in the first six months of 1937 disclosed a gain of $1649,605 over the first half of 1936, the company announced today. Operating income totaled $13,763,860, against $12,114,255 a year ago. Freight revenues scored the best gain, reaching $77.290,529, an increase over 1936 of $7,826,158. Passenger revenues rose by $260,955 and im- provement in express business also proved an important factor in the ad- vanced revenues, the gain being $131,- 549. Operating revenues totaled $88,- 011,669, the total gain being $8.545,- 643. Operating expenses also climbed during the period, totaling $66,178,- 562, an increase of $6,018,705. While the B. & O. had a substan- tial gain for the six months, net rail- way operating income in June of $2.- 019,618 was $458.272 lower than last year. This was caused by higher ex- penses and a decrease of $73.094 in freight income. Passenger income and express over $121.- enses required $11,422,148, up $937.635 Ayres Predicts Trade Jump. Leonard P. Ayres, economist, pre- dicted today that the dollar value of holiday trade this year will be about 12 per cent better than a year ago. He made the forecast in the July issue of Advertising Agency. He also ex- pects the agricultural income of the country to be the largest in 1937 since 1929. In conclusion, he said: “By next Autumn the advances in wholesale commodity prices that took place this Spring will be reflected in advances in the prices of goods at re- tail. Probably about half of the to- tal increase in the dollar volue of the holiday trade will be due to price ad- vances, and the other half to increased quantities of goods bought. “A general crop change this picture, and so could a continuing period of increasir spread labor trouble. It changed by the outbreak war abroad. prospects are a developments, them.” Jeffress Joins Gillet Announce Newton Jeffr Reconstruction failure could with the | > Corp., is now | et & Co. Inc, in its local in the Woodward | established in 1920, conducts a general investment securi- ties business. Charles R. Connolly, | manager of the W ngton office, 1s | an officer and d of the firm,| having been associated with it since | 1928. The main office is at Balti-| more, with other branches in Phila- | delphia and W D. C. Brokers ()phmhnc Much discussion i1s heard in Wash- | rokerage offices on the outlook te Fall seasons. many of their wsually optimistic. 3 e pointing to the qa e'nl’n(b of many of the econo- mists in New York banks, who look for steady business improvement from | now to the beginning of 1938, basing | their views on s The probab! 1a farm income this Fa of the best reasons for a further busi- ness upturn. This added income will greatly increase buving power all over the coun Early adjournment of Congress is also cited as one of the factors which should be helpful to| the stock mar The worst of the| Bummer lull is now considered to be | over, Bankers Off on Vacations. | Edward L. Hillver, a vice president of the Union Trust Co. and former president of the Washington Stock | Exchange, will leave Washington to- morrow for New York to sail on | the Queen Mary for a vacation tour | in Europe. Robert V. Fleming, president of the Riggs National Bank, has been spend- ing a few extra days at his Summer home at Rehoboth Beach. C. J. Gockeler, Hamilton National Bank official, spent the week end at Ventnor, near Atlantic City, N, J. He Wwill go there for his vacation. Joshua Evans, jr., vice president of the Hamilton National, is now on his vacation, passing the time at a Tesort in Pennsylvania. Richard D. Bond, who represents Poor's Publishing Co. in Washington, Maryland. Virginia and Delaware, is Visiting the company’s editorial offices at Wellesley, Mass., and attending the firm’s annual convention in Boston. Heard in Financial District. The total volume of life insurance tales in the South Atlantic States in June was $59.658,000, a gain of 7 per cent over June, 1936, and $349.936,000 in the first half year, an increase of 11 per cent over 1936. The half- -year total for the whol> country stands at $3.816.351,000, a gain of 8 per cent over the same period last year. Industrial activity in general con- tinues to show marked resistance to reasonal and other retarding influ- ences and operations in practically all lines are holding well above a year 8g0. says the United Business Service. The service concludes that, while gome further curtailment in business can be expected during the weeks im- mediately ahead, business promises to hold well above last year's levels and, what is more important. the stage is set for a substantial upswing by Fall. Bond dealers here are looking for- ward to the Armour & Co. debenture Issue as the most important item on the calendar for the late Summer. Armour stock has recently been un- usually strong. Today's Trading on Exchange. Peoples Drug Stores preferred stock sold at 112 on the Washington Stock Exchange today. Potomac Electric Power 5'2 per cent preferred came out on very sales at 112 and two $500 transfers in Capital Traction 5s were recorded at 85, unchanged. Corcoran Fire Insurance Co. stock Is now heing quoted without the $50 per share dividend to be paid of sur- plus on July 31. Washington Gas Light and Washington Loan & Trust are among other stocks now being quoted ex-dividend. The bid of 103 on the new Columbia Country Club first 4!4s remains un- changed, with none offered. ed increase in| is given as one 105,867 Visit Sweden. Visitors to Sweden last year num- bered 105,867, exclusive of those from 11 Alaska Jun (.60a)__ 2% Alleghany _ 3415 Alleg pf $30 ww 304 Alleg Steel (.80g)__ 25814215 Allied Chem (6) 384 20 Allied Mills (“g) __ 217 15 Allied Stores (.20a). 83% 57 Allis-Chalmers(1g). 23 Alpha Portland (1) 4% Amal Leath _ & Am Ag Ch Del 2155 20% Am Bank Note(12g) 574 Am Brake Sh(1%g) 90% Am Can (4a) 5213 Am Can pf (7) __ 46 Am Car & Fy (4%g)- 28 Am Chain & C(3¢g). 13% Am Colortype. . 20%; Am Comel Alco 25 AmCrystal S 2%g_. 5% Am Encaustic Til _ 614 Am & Foreign Pow_ 37 Am&FP$6pr 45 Am & For Pw §7 pf 1814 Am & For Pw 2d pt. 5% Am Hide & Leath 40% Am Home Pr (2.40). 213 Am Ice 124 Am International Am Locomotive._. Loco pf _ M& Fdy (%g) - M & Met (.45g). Metal (%g) __. Tow & Lt 3 P& L $5pf (5)- P& L 36 pt (6)_ Rad & St S(.60) Seating (leg) Smit & R(2}%g) StlFars (1g) . Sugar Ref (2 Tel (8) - Tobacco (5) Tobacco B (5) Tob pf (6) _ Type Fdr Wat Wks Wonlen Wool pf AmZineL&S Anaconda (% g) Anchor Cap (.30g)_. Armour 111 ( Armstrong ¢ Armstrong_ July 30 Arnold Const (%g). Artloom 15% Asso Dry Goods 87 Asso DG Istpf (6). mu,. ten T&SF (2g) - Atlantic Coast Line. Atlantic Refin (1) .. Atlas Corp (.80) ___ Atlas Corp pf (3) Atlas Tack (L4g)_ Auburn Auto __ Aviation Corp dwin Loco (r) ldwin Loc asd(r) 0 & Ohio sarber Co (1g) rier Bros Benef Ln ( Best & Co ( hem § Bluack & Deck (%4g). Blaw-Knox (.45g) _. Bloomingdale . Blumenthal pf Ami B (1%g) Borden (1.60) C M (A) (r) Eridgeport Br B Brigss Mfg (1 Briggs & Strat (3) » Bristol-My (2.40a)_. lan ( g)-. Bk!)n Man pf (6) Bklyn & Queens Bklyn Un Gas 2.30g. Brunswick-Bal_ Bucyrus-Erie Budd Mfg Budd Mfgpf_____ Budd Wheel (.20g) Bullard Co (1) Bulova Watch (4a)_ Burlington Mills(1) 2 Burr Ad Mch(.65g) Bush Term (r) ___ tler Bros (.60) __ tler Bros pf(113) » Butte Copper & Z . Byers Co 2 Byron Jack ((1g) - Calif Pack (11za) Callahan Z-Ld ~__ Calumet & H (% g)_ P Ale anada South (3) _ anadian acific __ ‘annon Mills (1g) Caro C&o st (3) . 6% Carriers & Gen.10g. 138 Case (J 1) = 112 Case (J 1) pf (7 & Caterpillar Trac(2) 1024 Caterpillar T pf (5). 26% Celanese (115g)_ 78% Celotex pf (3) 30 Cent Aguir (1 615 Central Fdy 96 Cent 111 L lr\ffl‘y). 18 Central RRNJ __ 11 Central Violeta Sug 60 Cerro de Pasco (4)_. 11 Certain-teed 48! Certain-teed 6% pf_ 144 Checker Cab Mfg __ 67 Ches Corp (3) = 50% Ches & Ohio (2.80a) 8% Chi Gt West pf (r)_. 1% Chi MStP& P (r) . 3% Chi M St P&P pf(r). 83 Chi&NW(r) _ 9% Chi & N W pf (r) 21 Chi PneuTool ____. 35 ChiPneuT cvpf(3) Chi R I& Pac (r) *CR1&P 6% pf (r). 41, CRI& P 7% pf (r). 14 ChiYell Cab(1%g). 15% Chick Cotton Oil___. Childs Co 234 a,,‘ 165 144 135’ 21% 92 10% 445 City I& F pt (S‘/z)_ City Stores . Clark Equip (1. 60) " 113 102% Clev E111lu pf(41) 46% 35 Clev Graph Br (1g). 23% Cluett Peabody (1)- 177 Colgate-Palm (34) _. 102 Colg-Palm pf (6)-_. 15 Colo & South 5 15% Colo & South 1st pf. 10 Colum G&E (.20g) - 80 Col G&EDPLA (6)__. 281 Col Pict vte (1a) 381 Columb Pic pf 2% __ 69Y% 568 Comcl Credit (4) __ 80% 634 Comel Invest Tr(4). 120 105% Comcl Inv T pf 4% _ 21% 13 Comcl Solv (.60) 44 2 Comwlth & Sou 5% 46 Com & Sou pf (3) 4513 34 Congoleum-Na (2)._. 197 Consol Aircraft 97 Consol Cigar____ 31'% Consol Edison (1g). 913 Consol Edis pf (5)_. 14% Consol Oil (.80a) __ 4% Consol RR Cuba pf_ % Consol Textile._. 814 Consol Coal ._ 33 Consol Coal pf_ 9% Cons Laundries._. 20% Container (1.20)_. 18! Contl Baking A. 214 Contl Baking B. 50 Contl Can (3) 1815 Contl Diam Fib(1g) 35% Contl Ins (1.60a) ___ 2 Contl Motor o 39% Contl Oil(Del)1%g. 25 Contl St (%g) - 6215 Corn Exchange (3) . 547 Corn Prod (3)_. 6 Coty 40 Crane Co 1131 Crane Co pf (4) 1004 Crane Co cv pf. 184 Crossley Radio 68 Crown Cork (2) 39 Cro'nC'k pfxw 2% 16% Crown Zeller. 1% Cuba Co - 8% Cuba RR pf_ 7% Cuban-Am Sugar. 3914 465 other Scandinavian countries, 127 109% Cub-Am S pf (10K 43 ' 37% Cudahy Pack (23)- 3 - o » eumontamnECannsBanwonan: N w3 @ o o 8 1100 1 2 11 16 11 108 308 58 2 1 56 6 12 25608 6 40 3 1 3 10 24 1 50 £ 4 ll 444 07* 46Y% 29Y% 19 028 17% 1814 199608 15% 03 16% % 297, 6315 62% % 508 l 1168 2 113% 2L 2 1 10 2 208 2% " 18'/. 11% 3% 37 13 9% 9% 9% - 1108 113 112 112 2 3T 87T% 3% F1h++ H 0400 ser # ¢ sxSe ¢ grsess | |+lll| + RSt ) 4+ o+t g [ 5 L + + 1 5% " W Y% % % % » 12% Davega Stores (1a). 19 Davega St pf (1%)_ 14'(». 104% Deere & Co __ _ 31% 26! Deere & Co pf(1.40). 29 17% Deisel-Wem-G (1) 58% 33 Del & Hud 241 13% Del Lack& W _ 10% 4 Den& RioG W pt 146% 110% Detroit Ed (5g) 7614 69 Devoe & Ray A (3a). 36% 26 Diamond Mat (1a) . 40'a 33Y% Diam Mat pf(134a). 23 14% Diam T Mot (14g) 29 20% Dist Corp-Seag 51 3814 Dome Mines (2a)_ 12% 9 Dominion Strs 77% 47% Douglas Aircraft __ 159% 116 Dow Chem (2.60g) . 391 241, Dresser B (1e) 1 DulS S & Atl Duplan Silk pf (8) Du Pont de N(2%g) Duquesne 1st pf (5). Fastern Roll __ Eastman Kodak (8) 22 112 180% 14815 115% 110% 17 % 181% 151 150 294 stman Ko pf (6) _ ton Mfg (1%g) 103 Eitingon Sch E 34% Elec Auto Lt 1.40g_. 94 Elec Boat 41 B 14'« Elec Pow & Lt 5815 Elec P & L $6 pt. 6” Elec P & L pf Elk Horn Coal pf 5l Paso N Gs(1.60)_ & Public Servic 21‘ (‘lh > 4 B 131 191 : reka Vacuum C1_ ans Prod (1) change Buffet irbanks Co Fairbanks pf Fairbanks Mrse(1a) Fajardo Sug (2g) Federal Lt & Trac . Federal Mot (.10g) _ Federal Screw _ _ Federal Wat Sve A Federat D St (1%4g Fid Phoenix(1.60a). Firestone (114g) First Nat Strs(213) Flintkote (1) Follansbee (r) Food Mach (1) ___ Food Mach pt (413) ster Wheeler ___ Francisco § Fuller 2d pf Gair (Robert) nnett ev pf (6) r Wood Ind (14g) nAmIny Gen Am Trns(1135) Gen Bronze Gen Cable n Cable A arpf (7 lec (80g)_ Gen Foods (2) en G &Il A = Gen Motors (1%g)_ n Out Adv n Print Ink (307 n Tub Sve = en Ry Signal (1) - n Real & Util n Real & Ut pt n Refract (2h)_ n St Cast pt illette (13g) illette pf (3)_ Gimbel Bros dden Co (2a) _ _ dden cv pf (2%). bel Adolf Goebel Brew (.20a)_ Goodrich (1 Goodrich pf (5) Goodyear T&R (1g) Goodyr T&R pf (5)- Graham-Paige ._ 3 Granby Consol Granite Cit Stl (1) Grant (WT) (1.40a) at Nor Ry pt rt Nor Ore ct(%g) Grt Wst Sug(2.40a) Green (HL) (1.60a) Greyhound (.80) __ Guantanamo Sug Guantanamo pf ___ Hack Water (3g) . 2 Hall Print Hamilton W (.65g)_ Harb-Walk (1g) 4 Hat Corp A (.60g) 3 Hat Corp pt (63z) _ Hayes Body zel-Atlas G1(5a). er Prod (.60a)_ Hercules Mot (1) Hersh ov pf (4a) Holland F (1g) Holly Sug (2}4g) . Homestake (1og) - Houd-Her B (172) - 2 Househld Fin pf(3) Houston Oil Howe Sound (3a) Hudson & Man __ Hudson Motor._. Hupp Motor . 1llinois Central 111 Cent LL (4) Indian Refining Indust Rayon (2) __ Ingersol Rnd(11;g) Inspiration Copper - 4% Insuranshar (.10g)- 57 Inter Rap Tran (r)_ 113 4% Intercontl Rubber 2813 165 Interlake Iron_ 9% 5 Intl Agricul_ 6312 42 Intl Agri prpf (3k)- 189 146'4 Intl Bus Mach (6a)- 1153 9914 Intl Harvestr (23). % Intl Harv pf (7) Intl Hydro-Elec A. Int Mer Marine Intl Mining (.308) . Intl Nickel Can(1g) Intl Paper & Pw A_. Intl Paper & Pw B_. Intl Paper & Pw C . Intl Paper & Pw pf_ Intl Shoe (2)_ 52 31% IntlSilver____ 110 Intl Silver pf (6k)- 15% Intl Tel & Tel ___ 36n 2014 Interst Dep S 2% g .. 107%% 100 Inierst Dept pf (7)_ 30 251 Island Crk Coal (2). 155 Johns-Manville (3). 136 4 Jones & L pf (3%:k) 46 Kalam Stove (1a) _ 35 25 Kaufmn Dep 1 110 Keith-A-O pf 23% 12% Kelsey. 1913 913 Kel-Hayes Wh B 51 XKennecott (28) _ 14% Keystone S&W (.60) 44 Kinney (GR) pf-_ 311 Kinney pr pf 20% Kresge (SS) (.60g)_ 31% Kress (S H) (1.60)_ 18 Kroger Groc (1.60)_ 15% Laclede Gas o 18% Lambert (2)_ 32 Lehigh Port C (1%) 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf_ 134 Lehigh Valley R R_. 36 Lehman Corp (1a) 14% Lehn & Fink (1%)_. 40 Lerner Stores (2a) . 58% Libb-Ow-F Gl (3g). 9% Libby McN & Lib__. 25% Life Savers (1.60) 94y Liggett & M B (4a). 59 Lima Loco 511 Link Belt (2) 26 Liquid Carb (2.60) 64% Loew's (2a) 1 Loft _ 7 50% Lone Star Cem (3)_ 5% Long-Bell A ______ 28% Loose-Wil Bis (2)__ 20 Lorillard (P) (1.20) 19% Louisv GEE A 1% 29% Luldum Steel (1) 24% McCall (2) .__. 14% McCrory Strs 40% McGraw Elec (2 16% McGraw-H(.42128). 323 Mclntyre Porc (2)-. 381% McKeesport T (2)-- 12% McKesson & Rob __ 42% McKess & R pf (3) _ 12% McLellan Strs(%g) 40% Mack Trucks (1) 44 Macy (RH) (2a) 42 Magma Cop (1%8)- 3% Manati Sugar (r) 14 Manati Sugar pf_ 14 Manatipf ctfs (r)__ 6% Man Ry mod gtd(r). 3% Maracaibo Oil.___.. 144124 331y 6 13% [ = 19 € 1 30 12 20 RO 1 1t 51 39 ek 09 - ek S % 9 I S Swn —— B PN RO AT S E WAL OR AR ADNE DD DN £ 3 6 10 2908 1574 19% 140% 2T% 20% % 114y 16214 1125 12% 180 3914 3215 391, 30% 5% 5219 11715 434 10 301 112 46 28 1410 993 135, 131y 68 l*lllilllllll I+ 1+++141 S s ) ST oo Mathe Alkili pf u). Maytag _ __ . Maytag pf ww (3). Mead Corp (%g) Mead Corp pf (6)_ Melville Shoe (5)_ Mengel d Mengel 5% pf(214)- Mesta Mach (2%g)- Miami Copper Mid-Cont Pet (%g). Midland St11 pf(8). Minn-Hon pf B(4) Minn-Mol Imp . __ 18 Minn-Mol Imppf _. 2 Minn StP&SSm LL_ 1308 Mission Corp (1g) 4 Mo-Kan-Texas 7 Mo-Kan-Tex pf - 8 Mo Pacific (r) 5 8 1 5 908 15% 8 3 508 Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch 12 4 Montgom Ward(za) 37 Morris & Esx (37%). 308 Mother Lode i s Motor Prod (11:g) - 10 Motor Wheel (1.60) 3 Mueller Brass (la). 3 Mullins Mfg B___ 4 Mullins pf (7)__ 108 Murray Corp__ 15 % Myers & Bro (2g)_ 1 ash-Kelv (1) 15 Nash Chat & S11, 108 tl Acme (1g) 17 atl Aviation 1 atl Biscuit (1.60) . 14 Natl Bnd & Inv 1.44 tl Cash Reg (3 g) tl Dairy P (1.2 tl Dairy PpfB tl Dept Strs _ tl Distill ¢ tl Gypsum tl Lead (%) Nat Mal&Stl C(1g) - Natl Pw & Lt (.60) Natl Steel (13%4g) _. Natl Supply t1Sup pf (1%Kk) Natomas (.80) ewport Ind (1%g) Y Air Br (1736) - \ 'Y Central N Y C Omnibus ¥ Y Dock N'Y Dock pf \ Y Investors (r)_ YNH&H (r) YNH&Hpf (r). N Y Ont & West (r) Y Shipblde N 'Y Steam $7 pt North Am Aviat _ North Am ( £z Northern Pacific__ ¥ Ohio Of1 (15%) _ Oliver Farm Omnibus Omnibus pf (8) Oppenhieim Col g Otis Elev (.40g) Otis Steel ard M (115¢) s-HLGH 14 Tac Coast Pac Coast 1st pt Pac Gas & El (2) _ Pac Lizhting (3) Tac Mills (1z) = Pac West Oil (.656) Packard Mot ( Panhandle P&R (r) >anhandle pf (r) . . Paraffine (2g) __ Paramount Plet Paramount 2 pf(.60} Park & Tilford Park Utah = Parke Davis(1.40g). Parker Rust-Pr1l;. Parmelee Trans Pathe Film Patino Mines _ Peerl Penney (1 C) (2g) . 514 Penn-Dixie Cement. Penn-Dixlepf A _. Penn GlSct (4g) . Penn RR (1:g) _ Peoples Gas Lt & C- Pere Marquette ___ Pet Milk (1) BE Potro Corp (.40g) Preiffer Brew (.60g) Thelps Dodee 14g. 18 Phila Rap Trans 1008 Phila Rap Trans pf. 208 Philip ) Phillips Pet (2a) Phoenix Hos pf 313 Pitts Coal 3 crew (.308) . rerm Coal pf_ Pitts United Pitts United pt Plymouth OIl(.70g) Poor & Co B Porto R Am Tob B . Postal T & C pf (r). Pressed Steel Car Procter & Gam (2a) Pub Sve N J (2.60) Pub S N - Pub Sve N J pf (6) Pullman (11z) - Pure Ol Pure Oil pt (8) Purity Bak (.30g) - Radio Corp Radio cv pf (313) . Radio-Keith-0 (r)_. R R Sec 111 C Stk Raybest-Man (113). Reading Co (2) - Reis & Co 1st pf Reliable Strs (1) Rem Rand (.70g) Rem R pf ww (413 Reo Motor _______ Republic Steel ___ Rep Stlev pf (3k) _ Republic St pf A(6) Revere Copper & B . Reynolds Met (1)xr_ Reynolds ) Reynolds Tob B (3) Ruberoid (.60) _____ Safeway Strs (2) _. feway 7% pf (7). Joseph Lead(2a) St L-San Fran (r) _ St L-San Frn pf (r). Savage Arms (%g). Schenley Distill(3). Schenley pf (513) Schulte Ret (r) Scott Paper (1.07g)_ aboard Air L (r) Seaboard Oil (1) Seagrave Corp_____ Sears Roeb (3) - Servel Corp (1a) __ aron Steel (1.20). arp & Dohme __ Shattuck FG (.60)_. 25% Shell Union (%g) .- So-"a 40 oy [SEORTE NI 34%, 9% 35 2874 M 35 85% 2715 28% 19% 954 16% 3 315 1% 3214 39 65 v 40% 183 % 24 324 37% 18 5% 175 Sparks Square 21% 2974 15% 1174 10" 61y T, 10% 50% 1 6 33% 917, 17% 142 d 27w + 13 9 1 42 Skelly Oil (1'%2g) .. 2 1 . Sloss-ShefMeld S& I 20 Smith & Cor (%hg) .. 3 Snider Pack (1%8)_ Socony-Vac (%g) _ Sou Am G&P (.10g) Sou Pp Rico Sug (2) 224 Sou Cal Edis (1 13 Sou Pacific __ 28 Southern Ry 34 Southern Ry pt 6'% Spalding Spear & Co Spen-Kell (1.60a) Sperry Corp (1e) Spicer Mfg_ Spicer pf A (3) 50 Spiegel Inc (% g) 32 24 % Spiegel pf (415) . 91 Stand Brands (.80) _ Stand Gas & El (r) - Stand G & E pf (r) . 2 24 Std G&E $6 prpf (r) St G&E 7% p pf(r) Stand Oil Calif (1a) Stand Ofl Ind (1a) . Stand Ofl Sterling Stewart-Warn(iza) Stone & Web_ Studehaker _ Sun Oil (1a) 4 Sunshine Mng (3) _ 373 Superheater (113) 414 Superior Ol 161 161 161 3215 3214 2 21 217y 132 217% 21% 3 1 4 3 3314 4 26% 26 50 49% 3319 47% 4T 7 T With_ 5 L) 224 224 3013 3015 19% 19 32% 32 B0 234 6% D Co B.60g_. 46 128 10% 4614 J (la) . d(3.80) 18% 131, 68 68 187 181, ymington ww mington xw Talcott (45g) Autograph (60). Tenn Corp ( Tex l.ul!‘\ al (2a) - '« Tex Pac C&O (.40) . 10 Tex Pac Land Tr__ Thatcher (13g) | and many Lag of Steels and Motors Contrasts With Gains of Specialties. 15 80 T m..: Util. Stks. Net change. —1 —1 Unc Today, noon 974 41,0 70.1 Previous day 97.5 41.1 0.1 Month ago__ 87.9 36.1 626 Year ago... 913 394 68.6 1937 high_._101.6 495 75.3 1937 879 361 62.6 1936 993 435 1936 734 302 1932 175 1929 1469 1923 516 453 451 393 557 953 61.8 618 (Compiled by the Associated Press.) BY VICTOR EUBANK. Associated Press Financial Writer, NEW YORK, July 26 —Backward- ness of steels and motors clouded t silver lining of today’s s recent leaders inus signs e a number of spe- cialties displayed a disposition to tilg forward and numerous ground they won last week The stimulation of good earnings statements and the possibility Congre. s will adjourn shortly, brokers tho | appeared to have faded some Many traders forsook board rooms for coo! | dealings were compar rettented 1ssues held the ‘s The Fair Thermoid ._ Third Ave Thompson Pr(.90g 4’5 Thompson-Star Thompson Star 1 )‘s Tide-Wat As (.3 Tide-W Timken-Det Ax(2e) 55 Timken Roll B (3) . 1213 Transameriea (1;) ns & West Afr Aspf (41,). 10 7 ont Corp (1) 100% 95 1'nCarbide 22% T'n O 1405 Unit Air Lines 29 Unit-Carr Fast 4 Un 2214 Tnit Corp pf (3) | 150 12615 4815 Va-C; 105 Va » Wal 4213 W 5lx Wi 110 W 261, 2 W 90's W Pen w . Wi 114 90 20% Yellow 1017 404 9 Approximate Sales 11:00 A.M._ 1:00 P.M. 20 tion. included x Ex diyidend last year. year. Clared this vear. 35'a 113 141 29'y 29's Wheel & L. 38 Wheeling Stl 99 Wheel StIpf 21:k _. 20 White Motor 14% White Rk M Sp 1.40. 3% White Sew Mach White Sew M pf____ 44 Wilcox Oil & Ga. 813 Wilson & Co ( 77 Wilson $6 pf (6) 43% Woolworth (2.40) _ 307s Worthington Pump. 81 Worthington pf A__ Wright Aero _ 5 66% WriglevJr (3a) __. 2 35% Youns Spring (3) _. 2 74% Youngstn S&T 11:& 31 Zenith Radio(113g) 3 47 Zonite Prod 6 Total Sales for the day. s Unit of trading 10 shares. rIn bankruptey or rceivership. or being reorganized under bankruptcy act. or securities assumed by such companies. Rates of dividends in the foregoing table are annual dis- bursements based on the last quarterly or semi-annual declara- Unless otherwise noted. special or extra dividends are not { Pavable in stock, h Cash or stock. 10% T nit Drug (1 g) 181« Unit Dy 5 31 ewnod (1 11 Unit Gas Imp (1) 615 Unit Paperbd ( Distrib pt Hoffman Mach Indus Alco._ S Realty & Imp _. ubber Rubber 1st pt__ Smelt R (6;‘; _ Steel 2 Steel pf (7) __ a2 Unit Stockyds (13)- » Unit Stores A niv Leaf T pf (8) 63 Univ Pictures 1st pt 1% Ul P& Lt A (r)___ 1's Vadsco 24'x Vanadium Steel 42 Van Raalte (1%g) . 40'% Vick Chemical (2a) 7 Va-CaroChem _ 06 PE(132K). & Pwrpfli6). 614 ValrC 20% VaIron Coal & C pf 3'a Wabash Ry (r) shpf A (r) 121 Waldorf Sys (1.2 « Walgreen (2) Walgreen pf ww 413 Tker H G&W 11 Walworth - rd Baking B rner Bros Pict__ 56 Warn Bros Pic pf _ N Warner-Qu 6« Warren Br 0al & Coke 20) - 4 Wayne Pump(1}. sson 0 & S (1 &9 W Penn stern Maryland . 5'3 Western Pac pf 41'3 West Union Tel (3). 0 401 40 10712 10715 100 100 7013 70 2515 404 93 91 37% 36 508 10s Truck.---- 23 91y 57x of Stocks on lhe N. Y. Stock Exchange, 290,000 )0 Noon._ 460,000 600000 2:00 P.M. 700,000 900,000 xT Ex rights. a Also extra or extras. e Paid & Declared or paid so far t k Accumulated dividend paid or de- NEW YORK COTTON By the Assoctated Press. NEW YORK, July 26.—Extreme losses of $1.50 to nearly $2 a bale were registered in cotton today under further general liquidation promoted by favorable crop advices and a dis- position to discount a production this season of 141, million bales. December eased from 1.07 to 10.79 and in midafternoon was selling at 10.90, when prices generally were 22 to 24 points net lower. Futures closed barely steady, 19 to 27 lower. October December January Marcn May©.. Cottonseed Oil. Bleachable cottonseed oll futures closed easy. 7 to 9 lower. Sales. 119 contracts, including \wo switches. September. 840b: Qrtover. R ember. &.83b; January, 8.86° March, sa« b—Bid. Ne- Dr .n: Prlee) NEW ORLE, little hedge sellinl and uquldation Fized a_barely ‘steady opening in cotion today first transactions showed losses of 4 to 5 po Setdnee opened at 1 .13, December at 1115, January st 11.16, March at 11.25 and May at 11.2 Prices continued to recede in early trads ing and toward the end of the first half A hour active positions were 9 to 15 points under the previous close. Early weather advices were favorable. Cottonseed oil v uly. R.50b; September, B 8.41b." March, December, X.39. January, 8.45b. b—Bid ——— JOIN COLGATE BOARD. NEW YORK, July 26 (#).—S. B. Colgate, president of Colgate-Palm- olive-Peet Co., announced that at the regular directors’ meeting on July 21 the following were elected to the board of directors: N. F. S. Russell, president of the United States Pipe & Foundry; George W. Merck, president of Merck & Co., and M. Gibson Carey, jr., president of Yale & Towne Co. VISIBLE GRAIN SUPPLY. NEW YORK, July 26 (#).—The visible supply of American grain shows the following changes in bushels: ‘Wheat increased 20,573,000; corn de- creased 66,000; oats increased 356,000; rye decreased 301,000; barley decreased 225,000. Chinese Planes Cut Time. Mail and passenger flying time between Peiping and Hongkong, China, has been reduced to 10 hours. NEW YORK BANK STOCKS UP SLIGHTLY IN WEEK Stecial Dispatch to The Star. NEW YORK, July 26.—New York City bank stocks displayed a firmer tendency during the last week and closed slightly higher, according to records compiled by Hoit, Rose & Troster. The aggregate market value of 16 leading issues on July 23 amounted to $2,032,913,000, compared with $2,- 021,054,000 at the close of the pre- vious week, an increase of $11,859,000, or 0.59 per cent. The current average yield of the 16 issues of 3.24 per cent compares with a yield of 3.26 per cent on July 16. The current market value is now 1.47 times the known book value. KROGER VOLUME DOWN. NEW YORK, July 26 (#)—Kroger Grocery & Baking Co. sales for the four weeks ended July 17 totaled $18,- 667,600, against $18,728,603 in the 1936 period. Company operates a chain store system in Ohio and other Mid- P Utilities lost their buoyancy majority of the ra were unable to get up steam. A few cc Transfers were and the Steel American Steel Otis Steel and Yo Tube In the rear rar flened before the clos can Locomotive. G house and Du Pon a point or =0, Alcohol, U. Fl Co., Aul y Howe Sour | Miami Copper. Texas Corp., Woolw and Chesapeake & Ohio. CHICAGO GRAIN CHICAGO. J\ wheat in Chicago, the id much to plunge wheat pr today 4 cents a bus ss, by the wheat ma'xfl tumble, corn and oats reached E low price records. The wheat visible supply reased 20,573,000 bushels, 000 increrse a year ago. S 34 September, 1.1574-1.16: Dece! Corn, 17.-4", down Sep- December, 727%-7. ‘ BELL'[ES | Chicago Cash Market. | Cash wheat. No. 1. red. No. 1, d:llh hard, 1.24 |1 241, : No. 3 | corn. No. 2. mixed 11.051,-07%,: No. s, feed. 31: No. 1, No. 1.01; white mixed. 30-31’ 4 No. 2. white, 32- -87, No. 2. 84-87 | soy b(’alK No. yellow, 1 0 nominal: malting, 71-90 nommal Baltimore Quotations MORE. J P —Wheat No spot. domestic, INSURANCE STOCKS GO HIGHER DURING WEEK Special Dispatch to The Star. NEW YORK, July 26—Insurance stocks in the New York City market registered an improvement during the | last week, according to records com- piled by Hoit, Rose & Troster The aggregate value of 20 leading fire and casualty insurance issues on July 23 totaled $615.008.000, com- pared with $611.541,000 at the closs of the previous week, an increase of $3.467,000, or 0.57 per cent. The current average yield of the 20 issues of 3.69 per cent compares with a yield of 3.70 per cent on July 16. The current market value equals 98 per cent of current liquidating value, unchanged from a week ago. LARGE GAINS REPORTED BY DIAMOND T MOTOR &pecial Dispatch to The Star. NEW YORK, July 26.—For the second quarter of the year Diamond T Motor Car Co. reports a substantial inceease over the first quarter, in both gross volume and net profit. Trucks delivered in April, May and June totaled 4.156, as compared with 3,395, and dollar volume stepped up from $3,343,000 to $4.236.000. Net after taxes for the quarter was $199,465.39, equal to 50 cents per share. western States. . ‘The first motorcycle club in Manila, P. I, has just been organized. First-quarter earnings were $132.- 597.64, and the six months' total is $332,063.03, which amounts to 83 cents ~ per share for the 400,000 shares out- _ standing. d A