Evening Star Newspaper, July 26, 1937, Page 15

FINANCIAL CURBILIST TAKES STEADY COURSE Fractional Gains the Rule, With Interest Centered on Utilities. By the Associated Press. NEW YORK. July 26.—The curb market steered a steady course today Wwith fractional gains the rule. Major interest centered in the utility divi- { sion. Oils and industrials were mixed. Electric Bond & Share, Niagara Hudson Power, Standard Power & Light and United Light & Power pre- ferred “A" leaned forward. Gulf Oil gave up a fraction. Crocker ‘Wheeler advanced around a point. Tilting a little higher were American Cyanamid “B,” Technicolor, Consoli- dated Copper and Arkansas Natural Gas “A." —_— ASSOCIATED UNIT MERGED NEW YORK, July 26 (Special).— Crown Sales & Distributing Corp., a Delaware corporation, has been merged with Utilities Purchasing & Supply Corp., the purchasing corporation for Associated Gas & Electric system, it ‘was announced. CURB BONDS DOMESTIC BONDS High Low. Noon, N3 aR -.,.v Comw Ed a-,;_ Goms Ed 1< Comw Ed 73,5 Gom P ¢ ic & 1037 git "SR N Florida PAL 3y ‘a4 Gary EaG 55 44 st xw Gen Pb U las 96 A ndnap P&L 5¢ Interst Pw 55 5 Interst Px_6s Interst P 8 5 Iowa Pub § Jackson G‘N Neisner Bros 6 Nevad Cal Bl 5 5 i Wou B 3L 55 b 1040 1040 FOREIGN BONDS. Ger Con A s Son Min 3 -4F Tal Su Pow fs Maranhao Br Parana ! a4, ip arrents xw— &thour nn New. st (stpd)—Stamped INeworianility impaired by maturies. Comparnies reported in receivership, INSURANCE STOCKS NEW YORK. July (P —New York Becurity Dealers Association Astna Cas () Aetna Ins (1 60)__ Aetna Life (S0a) Fault (1.60a) Aomonite Balt Amer Carolina City of N Y ( Eomn Gen” Lif "Ry Contdr cas 130, & Del 4n)°7 Frank Fre (1) Gen Reinsur (2) Glen Falls_(1.60) * Globe & Rep (.80a) Globe & Rut Great Amer (1) Homestead (1) Knickerbocker Lincoin Fire Prov Wash Revere (P) (-3 Borinfeld (3120 800 Lite (740 ryvelers (16) eatemester (1208 —Alsg extra or extra :_éfi.m or paid 30 far this year. —_——— NEW YORK SUGAR. NEW YORK. July 26 (®.—8ugar futures trading today was by turns active and siugsish with prices moving irregularly. rmer tone developed in the afte Support from interests with Cuban bank- {ng connections and operators was the trading feature. Seotember No. 3 contracts rallled from to 2.50 and March to 234 luvln[ L e Tt T No. 4 contracts were quiet and unchanged point lower with September at 1.2 1.31'2 Pistol Included in Loot. MIAM], Fla. (#).—George V. Ander- "y son slept with a loaded pistol under his pillow so he might deal summarily with burglars. One ransacked his room before dawn yesterday. The loot: some cesh—and the pistol. THE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET By private wire direct te 2:30 Stock and the Btaz. Sales— Dividend Rate. Add 00. High. Low. Close. Acme Wi vte (2)- 50s Air Devices . Alum Co Am___ Alum Co pf (6)_- 1008 AlumLtd_______ 1008 Alum Ltd pf (6)- 8 Am Airlines Am Box Bd(.958) 6 Am Centrifugal . 3 Am Cit P&L(3h)_ 2508 ACP&L ww 2% h A CPAL B(.30K). Am Cyan B (.60)_ AmEq(.2215e) _. Am& Fgn P war_ AmG & EI(1.40)_ Am G & E pt (6)_ AmGen . ____ Am Hard Rub Am Laun M (.80) Am L&T(1.20a) . Am Mfg (28) Am Maracaibo Am Meter (112g) Am Seal Kap Am Sup Power_ AmSupPpt " Anch Post F Ang Wupp (.208). Apex Electric Arctur Rad Tube Ark Nat Gas Ark Nat Gas A Ark Nat Gaspf _ Art Met Wks(.80) Ashld O&R(.40) . ARG & EI ASG&EIA _ ASG&Elpt ASG&El war At Cst Fish(.35g) At Cst L Co 21 Atlas Corp war _ Austin Silver M Auto V Ma(%a) Automat Prod Baldwn Rub ( Barium Sta Stl Bath 1 W (6% 1) _ Bellanca Aire Bell Aire 1008 115% 125 26'% 21% 3% 35 354% B3 2 109\\ 10% 21% | Berk&Gay Furn Berk&G F war RBickfords (1.20) RirdsSF&M (1 g) { Can Hydro El pf_ | Caro P& | Duval Tex _ A wntch.l ; } BlissSEW __ | Blue Ridge (.15g) { BIRid cv pf(3h) . | Bow R Bear (1g). |-Braz T&L (.90g). | Breeze Corp __ | Brewster Aero __ | Bridgpt Ma(13g) {Brill B _ Brillpf ___ Rr A O cpn(.90g). Rrown Copf | Brn F&w A (2) Brown F Dist _ Bk HI & S(113)_ Cabh & Wire R - 1 108 Can Mare Wire _ 1 caribSyn (128).. 2 CarmanB . 2 Carnegie Met pl(6) 21 30s Carrier . Carter ] W(40g) 1 Castle A M (2) _. Catalin Am Celanese 1pf(7a) Cen H GRE(.80) . | Con & Sw Ut St Kl |CenStEevpfn . 508 Cen SUE16% pf 3008 Cherry Burr (4) . 258 Ch RIV&M (308). 2 Chief Cons 2 Childspf_ Cities Service Cit Serv pf CitSve PS$7pf Cit Auto St(.30g) Claude Neon Lt _ Cleve Tract Club Al Uten Colon Davelop Colum 0 & G 258 137 4 258 | Comwlth Ed (3) Comlth & So war.. Com P&L 1 pf. Cons Cop 3in Con G&E B(3.60) Cons Gas Utll __. Cons Ret Stra { Cons RS pf (%) | Cons Steel Corp _ ContG&Eprpf(7) Cooper-Bess _ Cord Corp Cosden Petro Creole Per (13g) - Crocker Wh Croft Brewing Crown C Pet. Crown Drug .. Cusi Mex Davton Rub = Dennison Mf 1 pf Derby Oil Det Pap Pd (1) - Dat St Pr (3, &) Diveo Tw C(40) DraperCp(2.40a). Dubilier Con . Duro Tast (.40) 10 104 Fag PiLa(20g)_ 1 Fast Gas & F - E E G&F 6% pf(3)_100s E G&Fpr pl(413) 2008 East Mall Iron___ 25« East Sta Corp 4 E Wash MB(128) _ 2 ElBond & Sh _ 841 F1 B&S $5 pf (3) El Bd&Sh pf(6) . El Pow As (.158). FIPAs A (158)- EIP &I, war Elect Share. Electrol vte _ Fmp G&F 3% pf_ Emsco D&Eq (1). Equity Corp__ Europ Eldebrt__ Evans Wallo Ex-Cell-0 C(.40g) Fairchild Av Falstaff Brew Fidelio Brew Fat Na St 1pf(7) Fisk Rub FlaP&Lt$7pf Ford M Can A (1) Ford M Can B (1) Fd M Ltd(.2138) - Fruehauf T.30g _ 50: 2 108 11214 2 17 " 2008 11 258 Gen T & Rub__ Gilbert (AC) Gilb AC) pf(313) Glen Alden(%g). Goldfield Con GorhM vte(1%g) Grand Nat Films. GrRapV (1) _ Gray Tel PS (1)- -1 GUA&P nv (6a)__ 1008 Gt Nor Pap(1a)_. 1008 Green T & D 1 Gulf Oil (14g) _. Gulf SUtpLsl . Hecla Min (.458). Hoe (R)&Co A Holling Gld (.65a) Horn&Hard(2) Humble Oil (115) HumRossF (.20g) Hydro E Se(.208) 111 Jowa Pow__ __. 111 lowa Pow pf. 111 1a Pdivet Imp Chm 1.197% Imp Oil Can(za) Ind Ter L1 A Ind Serv 6% pf_ Ind Serv 7% pf_ Indus Finan pt Int Hyd-Elec pf. Inter Pet(1% Inters Hos(2%)_. Inter Prod . - Inter Rad (.85g)_ Inter S Raz B. Inter Util A Inter Util B Inter Vita (1%4) _. Int Home E(.44) _ Ir Fire vtc (1.20) 400 Ital Superpwr A Jacobs Co (138) . Jeannette Gla __. Kingston Pr(.40) Lakey Fdy & M__ Lefcourt Real __ Lehigh CAN (.30) Leonard Oil _. Lion Oil (1a).. Lit Bros __ Locke § Ch(.8 Lockheed Airc Lone St G(.40g) Long IsLt___ 92 1 258 10 1154 115% 125 125 28% 26% 2014 214 3%, 3% 3412 4% 35 354% 5% S% 32% 33u 54 5% 3t 3% 37w 37 1091 109‘0 Y% 294 1015 7619 201 4 10% " 1121, 2:30 Btockand Sales— Dividend Rate. Add 00. Bt raw: Clase. Long IsLpf(7)_. 108 79 79 Long I L pf B(6).1508 664 66 Loudon Pack __. 3% Louis LAE(.40) 13% Lucky Tiger . __ 1 Lynch Corp(3g) - 49 McCord Rad B i Maj Rad & T 8% Mangel Strs 6% Mass Util Asso__ 3 Massey Harris _. 100 Mead John (3a) 124 1241 MemphNG (.10g) . 5 5k Mesabi Iron ____ o1 Mich Bumper_ 2% 2% MichG&O. _ __ 30 Mid St Pet A vic. B bu Midwest O (138). 104 10% Minn M&M (.90%) 39% 393, Molybdenum__ .. 5 10 10 Monroe LA(32)_ 3 3 Mont Ward A(7)_ 20s 140 Mon LH&P (11;)_ 508 3215 Moore (T) Dis_ __ | Mount City Cop - Mount Prod (.60) Nat Bellas Hese ., Nat City Li(4g). NatFuel G (1) . Nat P& Lt pt (6) 200 Nat Rub Mch ___ Nat Service pf Nat Sug Ref Nat Trans (. 101, 508 4 140 110 1 2 2 2 5 . 2 1 1 1 1 508 - 3508 508 108 27 758 258 N Eng Pow Asso. N J Zinc (2a) NY&HRos(1%g) NY P&Lt pf (6) . Niag Hud Pow _ Niag Hud 1p£(5) Niag H 2 pf (5) _ Niag Hud A war_ NgShMdB(.158) Niles-Bem-P(1g) Nipi'g Mns(14g) . Noma El (.40g) - Nor Am Lt&Pow_ Nor Am L&P pf _ N Am Ray A(1g). Europ Oil % pf (2 Nor StP A OklaNatGas . 17 OKla Nat Gas pf_ 2008 Oldetyme Dist _ 1 Pac Lgtne pt(6)_ 50s Pac Tin spl (2a) - 1008 Pan-Am Alr(1) Pantepec Ol ___. Parker Pen (2) Park R&R(A408) Penin Tel (1.60) . Pennroad (% Pa P&LUpf (7 PaSalt G4g) - Pa Wat PhoenixSec(’ ). Pierce Gov 308 Pioneer Gl (.40)_ Pitney-Bow (40)_ Pitts Forg 5 Pitts P Gl(4728) Pleas Val W .10z Plough (1.20) Polaris Mining 104 45 | Potrero Sugar Powdrell& Al.35x Premier Gld .12a Prod Corp Prosperity B____ Pruden Inv s PSInd$iprpf 20 | Pug S P $apfhi k - 1008 2758 Pug SA P $6 pf Quebec Pow (1) Ry & Lt Sec 30g Raym Cone (la) - Reiter-Fost Reli'ce E&E g .. Revnolds Inv Rice St DG 3% Root Pet (1,g) RustlessT & S Ryan Cons Ryerson & H Saf CH& Lt (4g) St Regis Pap __ Samson Unit 1 Savoy Ol Scovill Mfg (1g) Segal Lock Selected Indus SelInd(alct)s? Sel Ind prpf 3! Sentry S Con Seversky Aire __ 15 Shattuck Denn Sherwin-Wms 4a 100s Sonotone The 508 1 1 1 5 1 2 Stand Brew Stan C&S 1.60a _ S C&S cv pf 1.60 Stand Invpf __ . StOiIl Ky (1a) St 0il Ohin (1) _ St Ol Ohinpf 5 _ St Pow & Lt StPow & LB _ Stand Prod(%g)_ St Sil-L (.02g) 508 Super’r P Cem B 30a Swiss-Am El pf 2008 Tampa Fl (2.24) 1 Taylor K Dist.30 Technicolor ~ _ 19 Tech-HG (40a). 3 Texon Oil (.60) _ 1 Tob Pr Exp.l5e_. 5 Todd Ship (2) _ 100s Trans-Lux (.20)_ 3 Tri-Cont war_. Tubize Chat. Tnit Corp w Unit Gas___ Unit Gas war Unit Gas pf (7) Unit Lt & Pow A Unit Lt & P cv pt Unit Milk P 132 Tnit Pr Sh (.10g) Unit Shoe M 215a Unit Sh Mpf 115 USFoil B (%8)_ 1S & Int Sec US Lines pf 7 f 4 “nit Ver Ext 1g . ‘nit Wall P . “niv Pict UtahP&Lpf 13,k Ttica G&E pf (7) 20s Ul Pw & Lt (r) 12 Ttil P & L pf (1) 2008 Utility Equit____ Ttility & Ind Utility & Ind pf .. Valspar Corp vte. Valspar pf vie __ Venezuel Pet____ Walker Min s Wayne Knit M __ Weisbm BB .40a_ Wellington Oil Wentw'th M .158. West VaC&C.__. West Air Exp ‘Weyenb'g Sh .208 Wil-Low Caf (r)_ Wolverine Pt C Wright Har .40a_ 6la 6L 6y YukonGold .06g. 7 3u 3% 3y rIn bankruptey or receivership. or being reorganized under the Bankruptcy Act. or securities assumed by such companies. Rates of dividends in the foregoing table are annual disbursements based on the Iast quarterly or semi-annual declaration. Un- less otherwise noted. special or extra divie dends are not included. a Also extra or extras. fPlylbl( in stock. & Declared or paid so far ‘this year, no regular rate. ‘as] oF stock. T ¥ Actumalated aividend Dpaid or declared this year. ww—With war- rants. xw Without warrants. war War- rants. 508 2 1 1 2 508 20 607y 2 2% 8 8 9'a 47 4 9 91y 5 4 94 124 ke 41 121 15 4 v a 1 1 1 6 2 3 1 3 1 44 1 «© Paid last year. ] S WORTHINGTON BACKLOG REACHES 17-YEAR HIGH By the Associated Press. NEW YORK, July 26.—At the highest level in 17 years, unfilled orders of Worthington Pump & Ma- chinery Corp. on July 1 were 81 per cent ahead of last year, H. C. Beaver, president announced. As a result, he said, the principal plants of the company at Harrison and Newark, N. J, and at Buffalo are operating at a high percentage of capacity and the corporation's Holy- oke, Mass., plant which was recently reopened, is rapidly expanding pro- @uetions [ BENDIX AVIATION Quarter’s Net Hits $825,- 453, Against $1,008,740 in Same 1936 Period. By the Associated Press. NEW YORK, July 26.—Bendix Avia- tion Corp., South Bend, Ind., maker of parts for the aviation, automotive and marine industries, reported today consolidated net profit for the June quarter of $825,453, after undistributed profits tax, equal to 39.cents a share, against $1,008.740, or 48 cents a share in the June 1936 qurter. Bix months net profit was $1.631,.961, or 78 cents a share, compared with $1,869,560, or 89 cents a share in the first half of 1936. Great Northern Railway. Great Northern Railway reported net income for the six months ended June 30 of $89,866 after charges and taxes, equal to 3 cents a share on 2,- 485,587 capital shares, against a net loss of $2,869.036 in the 1936 period. General Mills. General Mills, Inc. flour manu- facturers with principal mills at Minneapolis, Buffalo, Kansas City, Wichita and Chicago, reported con- solidated net earnings for the fiscal year ended May 31 of $4,303,389, equal after provision for dividends on the preferred stock to $4.46 a common share. This compared with a net income of $3,602,193 or $340 a com- mon share in the previous fiscal year. Consolidated Edison. Consolidated Edison Co. of New York, Inc, reported net income for the quarter ended June 30 of $8 046,- 142. The earnings are after charges, Federal income taxes and subsidiary preferred dividends (exclusive of $150 - 684 dividends in arrears on New York Steam Corp. preferred stocks held by the public), but before provision for minority interests in affiliated com- panies common stocks. They are equal after estimating minority in- terests and deducting Consolidated Edison Co. preferred dividend require- ments to approximately 47 cents a common share. This compared with $8,849.038 or approximately 54 cents & common share in the June, 1936 quarter. Reed Roller Bit Co. Reed Roller Bit Co., Houston, Tex., makers of equipment for the petroleum | | industry, reported profit for the six | months ended June 30 of $1 080,164 | ‘lflf‘r charges, but before Federal in- | come taxes, compared with $951,192 in | "he first half of 1936, OFFERING OF LIPTON PREFERRED ISSUE DUE| | By the Assoctated Press NEW YORK. July 26 —Wall street financial circles reported Hallgarten & Co. are expected to offer during the coming week 26,000 sahres of| Thomas J. Lipton. Inc. 6 per cent preferred stock, $25 par, and 100.000 shares of class “A" stock. with cumu- lative dividerds at the rate of $1 a year. | The company is an American sub- ' sidiary of Lipion, Lid. London, dis- | tributors of tea and coffee. POWER OUTPUTS RISE NEW YORK, July 26 (P —In-| creases from 31 per cent to 184 per cent in electric output of 19 major utility systems in the week ended July 17 over the like 1936 week were reported. In the week of July 10 out- | Put of these same companies showed changes varying from a decrease of 8.1 per cent to an advance of 21.1 per cent. 100 TONS OF LEAD SOLD. NEW YORK. July 26 (# —8t. Joseph Lead Co. reports 100 tons of pig lead from Southeast Missouri | | mines sold Saturday at $5.85 per hun- dred pounds, St. Louis. !Washmgton Exchange SALES. Peoples Drug Stores pfd.—3 at 112, AFTER CALL. Potomac Electric Power 51, at 112, 1 at 112. Capital Traction 5¢—$300 at 85, $500 at 85. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Tel. 415 Anacoslia & Pol.’ 58 Ana. & Pot. Guar 5s_ C. & P. Tel. of Va. 55 Capital Traction R. R. City & Suburban 5s Georgetown Gas 1st 5s____ Pot. Elec. Pow. 3 10 Wash. Gas 5s 14, Wash. Gas 5s 1960 Wash. Ry. & Elec. 45 MISCELLANEOUS. Chevy Chase Club 1st 4148 _ 104 Col. Country Club Ist 4'es _ 103 W. M. Cold Storage 5s 100 STOCKS. PUBLIC UTILITY. Amer. Tel & Tel. (%) Capital Transit Co . Steamboat (6) % pfd—2 58 pr 081 COMPANY. (3.60) & aom 38 Wash' Ry. & EI. pfd. (5) BANK AND TRUST Amer. & Tr. Co. (eR) Uk of Bethevda h 15 2 Capital (4) Som. & s:muu 1) Libert: Pr. Georges Riges (eR) Rigss pfd. (5) Washington (6) Wash. Lo an & Tr. (e FIRE INSURANCE. American () National Union (60)7_"C TITLE INSURANCE Columbia (.30) __ Real Estate (6) 2 1 MISCELLANEOUS. Carpel Corp (2.00) &5 Lanston Monotype (t4) Lincoln Serv. com. (11.00) Lipcoln Service Pfd Mergenthaler Lino. ( Beoles Dr. st. c‘o eoples Dr. St. pfd. F.e-hzn M.&G. p! S i k2 | i Eoon Dapsrye 2EaZ8BRETS - 5 a3 Sal a & ¥ b—Books closed. {Plys extras. e—2% extra 5o p un Junl 30. 1936; 45¢ paid De- cember, 2550, *s—$50 to be paid out of surplus July 31, 1837 U. S. TREASURY NOTES. NEW YORK, July 26 (. _—Prices quoted in dollars and’ thirty-seconds. PoiRTpERITREsT St SRt i i i DDt D B i Federal Income Tax Receipts FINANCIAL Income tax receipts for fiscal years ended June 30 of each yeer, 1! 1920 ‘21 ‘2 '3 ‘4 '75'26'17'2‘ BREWING FIRMS BOOST PAY ROLLS Job Gains and Higher Wages to Lift 1837 Total Above 100 Millions. Special Dispatch to The Star. NEW YORK, July 26.—The brewing industry’s 1937 pay roll for labor will exceed $80,000,000 as a result of more employment and increases granted to union workers in new con- tracts negotiated with labor leaders. This is exclusive of the estimated $25,000,000 which will be paid to salaried employes and officers, which will bring the aggregate pay roll for the year past the $100,000,000 mark. More than 23.000 union brewery workers, in 71 cities, will add an average of $166.40 to their individual pay envelopes this year as a result of new contracts, it has been calculated by various labor officials. This in- crease, which averages $320 per man weekly, will aggregate $3.627.624 for the year for the men already affected by the new contracts. The total in- crease for all brewery workers will be much greater. however, as negotia- tions are stll pending in 105 other cities, according to labor leaders. The new increase raises the weekly pay check of the average brewery worker to over $35. The term “worker" does not, of course. include the highly paid brewmasters, chemists and other technical men. NEW ENGLAND POWER EARNINGS UP SHARPLY Bpectal Dispateh to The Star NEW YORK, July 26 —Consolidated net earnings applicable to New Eng- land Power Association common shares increased by more than 150 per cent in the first six months of 1937, compared with the same period last yvear, it was disclosed by Frank | D. Comerford, chairman of the board. | Consolidated net earnings for the first half of this year (no* vet audited by independent public accountants) after deduction for preferred dflldend.s at the regular rate. but before pro- vision for Federal tax on undistributed | earnings, amounted to $1,196.027 com- | pared with $475,189 in the same month of 1936, These figures give first-half earn- ings of $1.28 a share this year against | 50 cents a share a year ago on the outstanding 932.604 common share. DISTRIBUTION ORDERED. NEW YORK. July 26 (Special).— Directors of Boston Fund. Inc, have declared a distribution of 18 cents A share, payable August 20 to stock- holders of record July 30. This dis- tribution is comprised of 12 cents a share representing investment in- come and 6 cents a share represent- ing profits realized from the sale of securities. INVESTING COMPANIES NEW YORK. July 24 /# —New York Security Dealers'~Association (Noon quotations ) Bid Admin Fd 2nd_Inc Am Business Shrs Am Gen Ea Inc Am Ins Stocks Bancamer Hiair Bankers Nat Inv Corp _ Basic_Industry Boston Fund Ine British Type Inv Broad St Inv Bullock FPund Corporate Trust Corporate Trust A A Corp Tr A Eorp T Accom Ber Corp Tr Acc Mod Cumulative Tr Sh Depos Bk Sh N Y "A" _ Depos Ins Shrs A’ Depos Ins Shrs B Diversified Tr C Dividend _Shrs Eaquity Corp €3 pf Fidelity “Fund 'Inc First Boston Corp Fiscal Fiund Bank Fixed Trust Sh A Fiscal Pund Insurance Fixed Trust Sn B Found Tr Sh Fuha Investors Tne Fund Tr Shrs A Fund Tr Shrs B General Capital _Corp Gen Investors Tr 2 Sec Agriculture __ Sec Automobile Bec Build: Shrs Invest Shrs Merchandise _ Investors Inst Sec. Bank Group ___ Instl Sec. Insurance Investors C Inc Keyston_Cust Fund B-3 _ Malor Shrs Corp Maryiand Fund Mass Inv > e e Nation Wide Seé Nation Wide Voting Natl Investors = New England Fund ~__ N Y Bk Tr Shrs z N Y_Stocks_Bk_Stocks _ N ¥ Stocks. Bldg Supply ¥ ‘Stocks.” Elec Equip Y Stocks, Insurance Machinery Buper of Am Supervised Shrs Trustee Stand Inv Trustee Stand Inv D Trusteed Am Bk “B Tristced Drdunry anr Wellington Fund _ METAL MARKET. NEW YORK. July 26 (#.—Copper steady: clectrolytic, spot and future. 14.00; export. 0. dy: spot and’ mearby. Tin_steady: st s arby, a9 20 nni"l nn“m At " pot. 15 sn Quicksilver. Plstinup, “pure, 51.00. Bcheelita, 22.00. { THE WEATHER District of Columbia—Fair and cooler tonight and tomorrow, probably pre- ceded by a thundershower this after- noon; moderate southwest winds shift- ing to northwest by tonight. Maryland—Fair and cooler tonight and tomorrow preceded by local thun- dershowers this afternoon. Virginia—Fair and cooler tonight and tomorrow, preceded by local thun- dershowers in east portion this after- noon or early tonight. West Virginia—Fair and cooler to- night: tomorrow fair with moderate temperature. River Report. Potomac clear, Shenandoah little muddy at Harpers Ferry. Report for Last 48 Temperature, Degrees. iy rometer, Inches, 30.04 3003 30.05 Baturdav— 4 pm = pm Midnight " 5o m“r\ ht Toda H Noon 3 Record for Last 2% Mours (From noon yestarday to noon today | Highest. 927 3 pm. vesterdar. Year a0 04 | L Lowest, 7% today. Year Recard Temperatures This Y 96 on_guly 17 L. 1% on February (From noon yesterday to Highest. 87 per cen'. ar Lowest.” 42 per cent. at Ti 'llbln, (Purnished by Ui Siates Coast and Geodetie i mv; am 28 noon today.) #30 am 3 pm. |High __ | o 210 09pm 43spm. The Sun and M am lights must be turned on one- nalf hour after sunset. Precipitation. Monthiv precipttation in_inehes in the ital (current month to date) | Cap: | 31 Ma Ap: ]\u & June | Augu g i September A4 October B November _ December Btatione Abilene, Albany Atlanta ‘n |a Indianapolis Jacksonville Kans City Los Angeles Louisvilie Ky _ Miami_ Fla Mpls -8t P, New Orleans New York. N Y Oklahoma Ciry Omaha. Nebr Philadeiphia Phoenix Portland’_Oreg Raleigh. N C Salt Lake City San Antonio San Diego San Prancisco _ Louis. Mo_ DA Fla 3 WASHmndToxn 4 25 FOREIGN. (7 am . Greenwich time. London_"Enziand & Paris. France Vierna Austria Berlin. Germany t France & Switzerland __ Stockholm. Sweden mbmur Spain Noon_ Greenwich time Horta (Fasal) Asores 7 (Current nmmmom- t Georges. Bermuda _ an Juan_Puerto Rico Havana._ Cuba Colon. Canal Zone s LUMBER PRODUCTION EXCEEDS NEW ORDERS By the Associated Press. The National Lumber Manufactur- ers’ Association said today that lumber production for the week ended July 17 was 37 per cent greater than new business booked and 12 per cent greater than reported shipments. During the week 633 mills produced 288,737,000 feet, shipped 250,958,000 5 84 3 today Cloudy Clear Cloudy &2 Cloudy feet. Revised figures for the preceding week were: 573 mills, 247, feet production, 207,455,000 shipped, 197,468,000 booked. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Am Tel & Tel §%58 1943 Auburn_Auto_Co 43, 1939 ldw Loco Works s 1840 Gaiit packing Corp 8¢ 1040 ¢ 5 & Ohio 58 1938 Tel Laclede Gas Light 5s 1939 Valley Coal 65 1938 Lehigh Val Tr R 53 1041 Long Talana Gen 45 1895 Louis & Nash RR 43 19- 45 1940 0 45 1 z Penn-] Dlll! Comem. s ]Qfl Penna R R Co 4s 1941 Rio_Grande Westn 45 1939 Vanadium Corp 55 194 Vertlentes Sugar 75 1042 Wi 939 _ Westérn Union Tei'bs' 1 B — Princesses Elizabeth and Margaret of England will join the Girl Guides. 1938 101% Cloudy | feet and booked orders for 210,180,000 | 021,000 | Advertising Total Up 15.9 Per Cent From 1936 Levels 8pecial Dispatch to The Star. CHICAGO, July 26.—Retail display advertising for the week ended July 17 hit its fourth largest gain of this year when it jumped to 15.9 per cent ahead of the corresponding week of last year, Advertising Age, national advertising newspaper, reported today. These figures, based on tabulations | covering retail display advertising carried by all newspapers in 78 im- portant cities, show a total of 17,996.- 772 lines for the week reported, against 15,532,752 lines fo: the cor- | responding week of last year. This| gain of 2464020 lines reflects the | manner in which retail trade has im- proved with abatement of strikes in the steel industry, the publication | stated For the first 29 weeks of this year, ended July 17, newspapers in the | measured cities have carried a total of 567.805.874 lines, compared with | 537.437,035 lines in the comparabie | ,penod of last year, a gain of 30,368, | 839 lines, or 5.7 per cent. DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Press LONDON, July 26—The United States doliar declhined 17-16 cents in today's foreign exchange market, the ,drop attributed partlv to renewal of | Par Eastern sales against gold trans- | actions. The unit was quoted at 4.98% to the pound at the close compared with A aterling rate of $4.97 in New York Saturday. French francs were steady at 133 to | | the pound, against 133.09 Saturday. PARIS. July 26 (#).—Rentes, 3 p cent, 72 francs 60 centimes; 4',s “A T4.15. 47,8 1937, 98.97 { Exchange on London, 133.00. The | dollar was quoted 26.71. i a0 BOSTON WOOL MARKET BOSTON. Julv 26 (# (U. 8 Dept. Aar) | —Quotations on _domestic wool were firm | today av levels prevailing Ia lagt week Trauing was slow because bids were mostly below holders’ ideas of value Vl?‘( of _principal wool holders toward o mbe: To DUy Ronln T Toe- coum below acking prices on spot wools A—15 UUTL[][]K BETTER = | INMACHINE TRADE Possibility of Price Rise Brightens Near Term Earnings Prospects. By the Associated Press. NEW YORK, July 26—The neare term outlook for the machine teol industry is5 brightened by the possie bility of a rise n prices, trade obe servers said. Recent labor strife in the Middls West had & doubly unfavorable effect; on the industry. In the first place, it served to bring higher costs and to cut off raw material supplies. Second- ly, it caused some contraction in new business. Notwithstanding the fact, domestie buyers have been timid about placing new orders, the situation is not withe out its bright side. “A possible 10 to 20 per cent machine tool price advance later this year may result in some decrease in domestic business, but manufacturers presumably could take up the lag by accepting more foreign contracts,” says Poor's Publishing Co. The National Machine Too! Builders’ Associatiem index of domestic machine tool orders dropped from a high of 2325 in April to 1376 in June, or nearly 41 per cent The drop in new business, never= theless, did not materially impair sece ond quarter earnings. This, it was argued, was because companies wers working at capacity on orders then on hand. As some see it, the months directly ahead may enjoy capacity operations, but heavy business done since 1935 has cut into the large potential dee mand A study on obsolescence by the American Machinist indicated that in 1935 about 65 per cent of the coune try’s metal-working equipment was more than 10 years old, compared with about 48 per cent in 1930 and 44 per cent in 1925 Trade observers sav it is difficult statistically to determine to what ex- tent this obsolescence has since been | offset. Opinion in some circles is that | althotigh progress has been made in satisfying the need for machine tools which accumulated in the depression, much remains to be done. | JUNE TRUCK LOADINGS WELL ABOVE YEAR AGO By the Associared Press. NEW YORK. Julv 26 —The Amer= lean Trucking Associations, Inc, ree ported an increase in June truck loadings of 15.8 per cent over the same month last year, a continuation of the rising trend shown everv month 80 far this year. Truck commodity movements in June were 3.2 per cent less than May. Money for Construction Loans an Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indi Ave. N.W. IS NOW As2OCI Nationa BALTTMORE Prirate Wirea e LOANS on improved or to be improved rea! estate— as low as 7.50 per thousand per month including interest and curtail . . . No commu sions . . . No renewal fees. Lot us help you solve your problem with a Perpetuai loan. the the kee, offi, the ove: BUILDING A ARTHUR G. BISHOP Chatrman of The Board MARVIN PHILADELPHIA 11th & ESTREETS, N. W. Largest In Washington=As President WE ARE PLEASED TO ANNOUNCE THAT MR. NEWTON JEFFRESS ATED WITH US GILLET % CQ, INVESTMENT SECURITIES WOODWARD BUILDING | 2460 WILLIAMSPORT #o New York Consider These Facts When You Wish To Arrange A RIEAL ESTATE LOAN PERPETUAL Building Association is largest in Washington, and one of dersintheentire United States. PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors contact with the cers and materially assist in speedy handling of loans. p in clo PERPETUAL'S regular examinations by the U. S. Treasury Dept. are sup- plemented by special C.P.A. audits as well as its own Auditing setaff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last yeas, totaling r $12.000.000 for the y. PERPETUAL SSOCIATION ESTABLISHED 1881 Over $43,000.000 A. CUSTIS EDWARD C. BALTZ Secretary