Evening Star Newspaper, July 27, 1937, Page 15

FINANCIAL CORPORATE BONDS REGISTER LOSSES Fractional Declines Most Widespread in Rail and Utility Groups. Bond Averages. 20 10 10 10 Rails. Indust. Util. F'en Net change. Unc. +.1 Unc. —.1 Today. noon 9281032 98.1 72.8 Prev. day 9281031 98.1 729 Month ago. 9091022 959 722 Year ago... 93.6103.4102.6 69.5 1937 high__. 99.0 10441028 74.7 1937 low 9091022 958 70.5 1936 high... 98.2104.4103.1 73.0 1936 low 8691018 993 67.6 1932 low_.__ 458 400 646 422 1928 high___101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon 1111 Prev. day. Month ago 1103 Year ago- 1937 high. 113.7 1937 low. 1936 high_ 1135 1936 low. 1928 high_104.4 1932 low 1111 111.7 108.4 1102 868 (Compiled by the Associated Press.) By the Associated Press NEW YORK. July 27—Bond prices softened on a wide front in stock ex- change trading today. By private wire direct to The Star. All time shown below is daylight savin on which the Exchai Approximate Transactions Today. U S Gov't Bonds 400,000 Foreign Bonds .. 1.250,000 Domestic Bonds__. 4,890,000 TREASURY. High. Low. 98,26 98.24 103.2 103.2 101.11 101.11 100.12 100.7 100.7 100, 101.8 104.26 103.12 5.16 5.11 11 28 106.14 107.11 10111 100.12 2%s81956-59 2% 3 1955-60 331946-48 331951-55 _ 3145 1946-49 31581944 31 s 1941 3105 1944-46 33,5 1941-43 Mar 5% 1943-47 51946-56 _ _ 43453384345 41031947-52 105.16 3 104 106.9 107.11 110.9 ~ 3 FEDERAL FARM 331947 103 331949 _ 1 31481964 103 HOME OWNERS' LOAN' 23 1942-44 101, .24 101.27 23,81939-49 101.6 101.3 1016 381952 _ 102.31 102.26 102.31 FOREIGN BONDS. Hign, 981y 1315 . 1010 100% 1001 1014 Abitibl Pa&Pw 58 '53. Antioguia 7s 45 D. Argentine 48 ‘T2 Argentine 415571 Argentine 6s 57 A Argentine 6s 59 Oct Argentine 6s'60 May 93 101 101 1004 1015 There were fractional losses gener- ally, with declines most widespread in the railroad and utility lists. United States Government issues | eased, going into the final trading hour with prices 2-32 of a point higher to 8-32 lower. Gains were shown mainly by selected | industrials and some of the foreign | government bonds Up slightly were Alleghany 5s of 1950, stamped. along with McKesson | & Robbins 5!,s. Pennsylvania general 4'28, Walworth 4s and Western Union 5s. Higher were Brazil 6 German 5!.s, guay 6s Demand lagged in all other sections of the market. ELECTRIC AUTO-LITE EARNS $1.29 A SHARE By the Associatec Pr TOLEDO, Ohio, July 27.—Earnings of the Electric Auto-Lite Co. for the first half of 1937 were $2,316,375, equal | to $1.92 on the 1203.854 shares of common stock outstanding, it was re- ported last night by R. G. Martin, president This compares with $186 a share on 1182154 common shares !n the ccrrespm\dmg period of 1936. among the foreign issues . Canada 4s, Cuba 5'ss, | Norway 6s and Uru- NEW YORK BANK STOCKS‘ NEW YORK. Ju York Becurity Dealers (Quotations New as ? o'clock.) | Bank of Manhattan (1'2) 2 Bankers Trust ( | Brooklyn Trust (&) Cen Hanover Bk & Tr Chase Nat (130 Chem Bk & Tr (1.80) Commercial (K Gont Bk & Tr ( 80) “4) Guaranty Irving Tr .60) Manufacturers Tr (2) Manufacturers Tr pf (2) National City (1) New York Trust (5) Public_(11za) Title Guaranty & Tr FEDERAL LAND BANKS NEW YORK. July 27 (#).—Federal Land Bank bonds: Bid Ty 101 10: 10072 it 12T 10010 1011, 1011, A ked 1o 1015 | 4748 Nov. 4'4s May 4" May 45 Nov.. 45 July 3748 May. 3" July. 2% Jan. 35 May, | CHICAGO LIVE STOCK. CHICAGO. July ) (U. S Depart of “Agriculture) 2000, mcluding Iy steady to 10 | rage; spots off | | ) Cattle. X000 supply strictlv good. Choic steers here. big killers idd but early sales on shipper aud o accounts steads at 1550 up to fer price top on early round EFain ted Strers and Jong venrlhgs whsel but fairly active on all other classes al | fully steady to 25 higher prices gras and warmed up vearhng type heifers ar rass cows showing most advance: bulls rm and vealers 25 higher. latter class elling freely at 10.00-11.00 with lax sort: 1 stockers and feeders scarce and firm. predominant end of the run being grain-fed steers called in response to day's active and higher trade Sheep. 6.000. including 4 000 direct: | Soring lambs and vearlings active: bulk | strong to 25 hicher: top. 35 | springers to_ local parkers. 11 ward to 11.50° top. 11.60 to two doubles gcod fed (wooled). 10 yearlings. o ter ew, calves, 1.500 n.v-. W cht: good sheep strong NEW YORK PRODUCE. NEW YORK. July 77 (P.—Butter. 14.- firm higher than extra scorel. 3115-71134: fir: 83,3114 seconds (R4-R7 Centralized (90 score) scores). 303, Cheese. 550 438 steady and unchanged. Eggs. 18446 steadier. Mixed colors, mediums. 1X1;-19. Other mixed prices unchanged Live poultry, quotations. By_express. steady: broilers Rocks. 23 reds fowls unquoted: hen turkeys. express prices unchanged Dressed _poultry firm: frozen chickens, broilers. 181325, other dressed prices un- changed. by freight. steadier. No Legnorn crosses 18, other e TU. S. TREASURY POSITION. By the Associated Press The position of the Treasury July o4: 19,24 for the fiscal vear (since July 2.46: expenditures. $7 including $154.295. v’ cxpenditures; éxcess of penditures. %104 645, gross $36.656.5R4 2K D orease oy She AR4416 he previous day: gold assets, §1 586.97. including $1.~ 189.032.0° of inactive gold. ex- | debt FOREIGN MARKETS. LONDON. July 27 (. —Stocks continued in good demand today with the market generally firm at the close Industrials. mines and gilt-edged issues advanced. Home rails were steady. while trans-At- lantics and oils had an easier tone. PARIS—Price movements in the Bourse were uneven today. Banking shares were heavy. Bank of France closing R5 boints net lower. International issues were on fhe up-side. the industrial sroup was generally irregular and government bonds were quiet., Suez Canal moved up 180 points. . FREIGHT LOADINGS. NEW YORK. July 27 (#.—Revenue freight carloadings on railroads reporting today for the week ended July 24 inclyded Tev. July 24, week _ 50.681 49,7 t et 39.406 41 Southern Wabash ific STATE NOTES OFFERED. NEW YORK, July 27 (#).—Lehman Bros. Lazard Freres syndicate is offer- ing the $6,000,000 State of Massa- chusetts notes to yield .50 per cent. Issue was awarded on its bid of .59 plus $13.13 premium. » | Japan 51, {Milan 6 | Minas Gers 612850 __ | Peru s Peru 6s { Roumania 7s'59 . Argentine 63 ‘60 Sept Argentine 6s 61 May. Australia 4138 56 Australia 5855 Australia 5557 Austrian 7s Belgium 65 '55 | Bergen City 5360 Berlin 55 38 Brazil 6148 26-'57_. Brazil 6123 '27-'57 RBrazil 78 52 Brazil 8s 41 Brisbane 6s 50 Buenos A C 61z Buen A 413-4%8'77 Buenos Alres 4%3-4%5°76 April_ Buenos A 4135’76 Aug 100% 10145 102% 107 107 10315 109%, 1021 2414 100 100 1014 10, 10215 1 106'4 107 107 107 103' 103" 1095, 1093 1013 z 811 8215 821 | Buenos A4l8-4%8'75 | Bulgaria 7567 Bulgaria 713568 Canada 23;s-44_ Canada 3s 67 __ Canada 3s'61_ Canada 4s 60 Canada 5s ‘52 Chile 6560 ile 6561 Jan Chile 65’61 Febr. Chile 6361 Sept._. Chile 6s & Chile Mg Bk 6s°6 Chile Mtg Bk 6s Chile Mg Bk 618 Chilean Mun L 7860 Colombia 6361 Jan Colombia 65 '61 Oct _ Copenhagen 5s '52 Copennagen Cordoba Ts 29 29 1001 102 100% 102 | Cordoba Costa Rica 7851 A__. Cuba 5128 45 Denmarx 4158 62 Denmark 513 '65_. Denmark 6s 42 Fiat del, 7s 46 Finland 6545 Frankfort 61ys '53 | GerC Bk A 6s 238 Greek Gov 6568 _ Helsingfors 67,5 "60_ ing Con M 7846 [taly 7851 Ital P U Crd 75’52 "6 Japan 6,554 Kreug&Toll 55’59 cfs Lombard Elec 7s'52 .. Medelin 6158 54 Mexica 45 54 asst Mexico 6s'33 asst lge 852 801y New So \vales 857 ord Ry 612 orway 45 63 = Norway 43(s "65_. Norway 63’44 __ Vorw Hy El 5158 '57_ orw Mun Bk 58'70 . Orfental Dev 51,858 Oriental Dev 6s°53 __. Panama 5562 Panama 5563 stpas_ Paris Orl Ry 5145 '68_ Pernambuco 78 47 to Alegre T15s '66. Porto Alegre 861 Prussia 6s 52 Rhine W El P 63’55 _ Rio de Jan 612853 Rfo de Jan 8s°46 Rio Grdo Sul 63'68__ Rio Gr do Sul 7s '66 __ | Rfo Gr do Sul 78"67 __ | Rio Gr do Sul 8546 __ | Rome 6148’52 Sao PauloC 614857 _ Sao Paulo C 8552 a0 Paulo St 63 '68 10 Paulo St 7s 40 Sao Paulo St T | Sao Panlo St s Sao Paulo St 8s'50 Serbs 7862 | Serbs 8s°62 lesia Prov s ‘58 Talwan Elec 5148 71 Toklio 51861 Tokio K L .td 65’53 Tyrol Hy El Ti;8 Uruguay 6s 60 _ Uruguay 68’64 _ Uruguay 8s 46 Venetian MG B 7852 Yokohoma 6s 61 Tl 9915 688 685 T 80 81 71 &= 81y DOMESTIC BONDS. Adams Express 4547 1015 101% Adm Exp 47546 std 102!a 102 Alb&Sus 315546 gtd. 105 105 Alleg Corp bs ‘44 Alleg Corp bs ‘50 stp Allied Stores 413’51 Am & For Pw 55 2030 Am Icecv 58 53 ____ Am1GChb5%s'49__. Am Intl 5%s 49 AmT& T 3%s ‘61 Am T & T 3%s '66.__. AmT& T 41,839 Am T & T 518 43 Am Wat Wks 6s'75 __ Anaconda deb 148 ‘50 Anglo-Chil Nit 7867 Ann A 1st ex In 43’95 Armour(Del)1st 48’56 Armour (Del) 4s ‘67 A T&S Fe 48 05-'55 _ A T&S Fe gen 48’95 A T&S Feadj 4s 95 st Atl Coast L 1st 48°52 At) Coast L clt 48°52 AtIC L un 4864 Atl Coast Line s Atlantic & D 1st4s’s. 50 Auburn Auto 43%s'39 664 B&O Ist4s 48 _____ 105% B&O 4%s 60 69% 1115 109% 80 78% 9% 78% 93 921 108% 103% 103% 103% 19 119 126% 126% 96% 961 104% 104% 4% T4% 81% 81% ki) 8 8 25 2414 24V 101% an 103 107% 111% 105% 104 95% 9214 1047 10314 95% 921, 10415 50 664 105 6714 111% 109% 79t 815 O 1st 58’48 reg... ref 6s 95 A 9274 119 Bell Tel of Pa 65’60 C Beth Steel 3% 66 _. Beth Steel 4 Bos & Me 5s ‘67 Bot Con M 6%s ‘34 Bklyn Ed con 3% Bklyn Man T 4148 ‘66 Bklyn Un E1 58 °60.__. 90 90 is now operating. 9310 100% 1003 LO0 K 1018 | & »\a\,’ % | Gen Mot Ace 93'x 78% 8% 103% 10315 126% 96% 104% 4% 81% 101% 101% 102% 102% . THE EVENING TUESDAY, JULY 27, 1937. FINANCIAL. *¥% A—15 —*———————_——————_“——____\_.——_—*—_———'—’_’——_'——————"_“—*—— BONDS ON N. Y. STOCK EXCHANGE Bklyn Un Gas bs "45._. Bklyn Un Gas 68 50 _ Bklyn Un G 68 67 B_. Bruns & West 45 '38_ Buft G 54%8'81 B . Buft R&P con 4%5'57 BCR & Nel5s'34 Bush Ter Bldg 6360 Calif Packing 55 40__ Camag 7s 42 ctfs ___ Canada So 5362 A Can’dlan N 55'69 July Can‘dian P db 4s perp Can‘dian Pac 4%s 60 Can‘dian Pac 53 ‘54 Caro C1& O 5538 CaroCl & O 65’52 A__ Cent Il E& G bs ‘51 Cent N England 4s'61 Cent of N J gen 68 '87 Cent Pac Ist rf 45°49. Cent Pac bs '60 Cent RR B Ga bs '37_. Cert'd deb 5145 48 Ches & 031896 D__ Ches & 0 31,896 B C&O gen 414892 Chi & Altref 3s 4 Chi B&Q 416877 Chi B&Q ref 6871 Chi B&QI div 31849 Chi B&QI div 4s 49 __ Chi & E 111 6s°51 Chi Grt West 4s '59 Chi I&L gen 6366 Chi 1&L, gen 65 '66___. CM&StP4s 89 CM&SP gn 434580 C. CM&StP5s"5 CM&StP&P adj5s2000 Chi & NW gen 3145'87 Chi & NW 4158 2037__ Chi & NW 4%s 49 _ Chi & NW rf 6s 2037_ Chi R 1&P rf 4s 34 Chi R I&P rf 48'34ctf. Chi R I&P gen 43 88 _ |ChI R I&P 43, Chi R I&P 4158 '60 Chi T H&S 18t 5560 Chi T H&S Inc 55°60_ Chi Un Sta 3148 Chi Un Sta 3% s Chi Un Sta 43 63 Chi Un Sta 43°44 Chi & W In con 4s | Chi & W Ind 4%s"62. | Cin Un Term 5s 57 | CCC&St Lrt 434 577E CCC&St 1, C div 48" | Clev Un Ter 42 ‘| Clev Un Ter 5373 B Colo F & I 5s 19 Colo & So 4% '80 Columbia G & E 53 '52 May Columbia G&F bs 'é1. Colum Ry P&L 45’65 Comel Credit 3%s ' Com Inv Tr 3 | Conn R Pw 3%5°61 A | Cons Coal Del 58" | Cons Gas NY 4155 '51 | Consol O11 314 8°51 Consum Pwr 314566 Consum Pwr 316870 Consum Pwr 3%s '65 | Crane Co 315951 Crown Will P 6s 51 Cuba RR 1st 55 '52 Dayton P&L 3145 ‘60 | Del & Hud ref 45 43 | Den& R G con ¢ | Den & RG 4328 | Den& RG W s Den & RGW 6': |Den & R G ret 5s'78_ | Det Edison 3148 '66 Det Edison 43 Det Edison 5 Dow Chemical Duquesne Lt 3 Elec Auto Lite 4s 1 Paso N G 414551 | rie cv 4s '3 A | Eriecons 4s'96_ rie gen 4s 96 | Erieret 5875 | Fla EC Ry 5s‘T4 Fla E C Ry 5574 etfs Francisco Sug 6s " {5 *|Gen Mot Acc 3%s '51. 1| Gen Stl Cast 55849 | Goodrich 43,556 _ 514 | Goodrich 6545 | Goodvear T&R { Grt Nr Ry 3%,8°67 [Great N Ry 48 46 G __ Grt N Ry 4s'46 H “[GrtNRrf4ls’61 A | GtNRgn4'.s'76 D A [GItNRgn4%8"ITE +IGrtN Rgnss'13 GrtNRb Green Bay 6362 B___ IG\I]f M & N 6s 50 Gulf M &N 5%s Gulf Sta Stl 4%s'61_. « | Hoe (R) 1st mtg 44 __ | Houston Of 515 *40 Fud & Man fnc bs '57_ Hud & Man ref 5 '57_ | 111 Benl Tel 315870 | 11 Cent 15t 3358 '51 111 Cent col tr 45 '52 111 Cent col tr 45 '53__ | Cent 433765 ICC&StL N O 414863 ICC&St LN O 5863 Inland St 3%8°61 Int R T 1st rf 65°66 IR TIstrf 5366 ctfs IntRT 78’32 Interlake Iron 48 '47_ Int Grt Nr5s'56 C __ Int Grt Nradj 6952 A Int Grt Nr 6s°52 A Int Hydro Elec 6344 Int Mer Marine 6841 Int Pap ref 6s ‘55 Int T&T cv 4% s 39 Int T&T 41852 Int T&T 68 '65 Towa C 15t&rt 48 '61_. James F& C48'39 __ Jones&L Stl 434 5'61A Kans C So 1st 3s ‘50 Kans City So ref 5850 Kans G&E 413880 | Kelth's 6346 Kings Co E14s'49 __. Kresge Found 4s '45_ Laclede G 51553 C. Laclece G 513560 D_ | Laclede Gas 63 42 A_ | Laclede Ga ‘42 B_ Lake E&W 2d 55 '41__ Lautaro Nit 19758 __. Leh C&N 41,854 A Leh C&N 41,554 C Leh Val Coal 5874 __. Leh Val Har 58 ‘54 LV NY 1st 4545 gtd_ Leh V P con 48 2003 Leh V P con 4%8 2003 Leh V RR con 5s 2003 Leh Val Term 5s'41_. * | Loew's 315846 Long Isl rf 45°49 stp_ La & Ark 65 69 L & Nash 3%s 2003 L& N st 432003 _ L & N unif 4s°40 L& N 4132003 C. L &N St L 3s'80 L & N So Mon jt 48 McKess&Rob 61 8'60 Me C RR clt 4345 A Me C RR gn 4%s'60 A Manati Sug T%s ‘42 Man S 1st 73 s'42ctes Manhat Ry 4s'90 Marion Sti Shov 6547 Mead Co 6545 Met Ed 1st rf 414568 Mil E] R&L 58 '61 Minn & St L 68'34ctfs MStP&SSM cn 4538 MStP&SSM 58 '38 gtd MStP&SSM 5%s 78 ... Mo 11 55 '59 MoK & T 1st 4890 _ MoK&T4s 62B ___ MoK&T6s 62A ___ Mo K & T adj 68 '67_. Mo Pac 4876 Mo Pac 5866 A. Mo Pac 6517 F Mo Pac 68 717 F ctfs Mo Pac 53'78 G Mo Pac 55°'80 H Mo Pac 55 '80 H ctfs_. Mo Pacific 55 81 | Mo Pac 5s'81 I ctfs. Mo Pac 648 49 A Mob & Ohio 4%s 77 Mob & Oh M div 5847 Monong Pub S ¢3%5'60 Mont Pwr 3% s 66 Morris & Es 318 2000 Morris&Essex 4% 55 Morris&Easex bs ‘55 Nassau Elec 43'51 std Natl Dairy 3% s'61ww Natl DisPC ¢%s 46 \ 791 4 High. 114% 947n 1053, 1013, 110% 8314 17 65% 104 241, 117 116 93% 103% 1067 103 111 102 69 Low. Close. 1144 114% 941 941 105% 105% 101% 101% 110% 110% B2 828y 17% 17% 65 65% ]fld 104 24Y% 17 Chi B&Q gen 4858 ___ 112 102% 106 9374 1038 105 104 10 10 1001 1021 106% 1015 1054 5liy 10475 103% 1004 10215 106% | 1015 1054 511y 1008 114 1068 105 112 117% 12 98 1061 105 4315 96% 104% 10815 103 134 20 21% 83 58 88% 663 % 67 168 395 3915 37 39 39% 37 3914 36% 1214 28 38% 106 947 891 85 9 41% 103% 106 105% 106 104 106 1073 | S High. Low. Close. 3% 3l 3 106 105% ]06'6 10614 .88 97 91 5514 551 60 55 108 9% 103% Nat Ry Mex 4% 8'57as Natl Steel 48 65 New Jer P&L 4%s'60 New OriGNR 6383 A. New Orl PS6s 66 B New Or Ter 1st 48 °53 New Orl T&M 55 '54 B New Orl T&M 58'56 C New Orl T&M 6348’54 NOT&M 5% 8'54A cf; N Y Central 3% s '52 NY Central 31897 NY Central 3% s 46._ NY Centcon 4598 __ NY Cent rf 445 2013_ NYCrf43%s2013n NY Cent rf 682013 _ NYC L Sh 3,598 rg. NYC Mich C 3%s'98rg NY Ch1 & St L 4s 46_ NYC&St L 4%s'78 __ NYC&St L5874 A_ NYCh1 &St L 6s°38_. NY Dock 6338 NY Edison 2%s'65 D NY Elisref 31,8 '66_ NY G E] H&P 45 '49 NY NH & H 4547 NY NH & H 4556 NY NH & H 4s 57 NY NH & H 41867 NY NH & H cl tr 65'40 NYNH&Hcv 6s'48_ NY O&W ref 48 92_ NY Putnam 4s'93 _ NY Steam 1st 68 '61. NY Steam bs '56 NY Steam 1st 6547 NY Tel gen 4345 '39 NY W&B 4%5°46 _ Norf So 1st ref 5561 Norf & W 1st 4 North Am Co North Am E North Am Ed 5. Nor'n Pac gen 3s 2047 Nor'n Pac 4597 - Nort'n Pac bs 2047 C_ Nor'n Pac DL, Nor'n Pac 65 2047 _ Ohio 2dison 3%s'72_ Ohio [3dison 45 ‘65 Ohio Pub Sve 71,846 Orez RR&N 4546 __ Oreg Sh Line 65 '46__ Orez W RR 4s 61 Pac Gas & F1 3%8°66 PacG & E3%s 61 | Pac G & 1< 64 _ | Pac Mo 1st 4s | Pac T&T 318’66 C Param’t Pic 33,847 Paramount Pic 6s '55 Parmelee 6544 Penn Co 45’63 _ Penn Dixie C 6541 Penn O & D 413577 Penn P& L 415881 _. Penn RR348 w1 Penn RR3%s'70 C Penn RR 418" Penn RR 414 Penn Penn Penn People GL&C 1f 5547 | Peoria & F 1st 45740 | Peoria & 12 inc 4s * Pere Mara 4155 '80 Pere Mara Ist fis 56 Thelps Dodee 3 Phila Co 5567 3 c 30867 . R C&168'78_ la & R C&16s°40 nine Rv 4537 Pillshury F M 6543 PIts&W Va 41460 C e o 92 5614 5614 6019 55 1084 93 103% 98, R, By 99 88 90 1041 8515 > 4 100% 101 105 10513 106 1071 123, 25'5 25' 117% 117 1047 10414 106 107'% 12% 105% 105 101 1011 101% 1017 110% 11015 99 99 104% 104% 110 110 111 111% 1T, 1174 107 107 993 9915 10315 1031 1070 a8 101 a5 100 62 10314 982y 105 103 107 100 «| Port Gen E s Postal Tel & C 5958 Pressed S11 Car 5551 | Purity Baking 5s°48 Raading Ter C 4851 Reading R 4149°97 A Rem-Rand 43, '56ww 2| Repnhlic St141 Republic Stl 4% s Revera Cop 41,8°56 R G W Istexin 4s'39 R1ARL Ist4lss'24 Rutland RR 4%s 41 St Jo Ry L T&P 65s8'37 | St LIM&S R&G 43°33 | St I,-S Fran 4s°50 A StL-SF 4350 A ctfs St L-S Fran 41487 St L-S F 415878 cf st. StPKCSL4ta'4l San A & A Pass 4’43 Schilco 61,5'46 B stp abd A L, 4550 stp __ Seabd A L ref 4x'59 | Seahd A L rf 4859 cfs | Seand A L 63’45 A | Seabd A L 645 ctfs Seabd A-F) 68'35 A ct Seabd A-Fla6a'35B ct Shell Un deb 3348 '51 Sicellv Of1 4351 Socony Vac 3s’50 _ South Bell T&T 5841 Southn Cal Gas 4565 outhn Cal G 41,861 0 Colo Pwr 6547 A_ outh Nat G 4148 '51_ o Pac3%s 46 _ So Pacref 48'55_. So Pac 4348 '68 So Pac 41456 | So Pac 41,881 | So Pac Oreg 413°17_ So Pac col 48 "49 So Ry gen 4 So Rv 55 iq W Rell Tel 3345 64 Southw'n GRE 48°60_ Staley A E 4s 46 |Stand 0NN T35°6 Studebaker cv 6845 _. Tenn El Pw 6 Term AsSt L Texas Corp 3%s'61 _ Texas & Pac 5877 B_ Texas & Pac bs *79 C_ Texas & Pac 5880 D_ Third Av 1st 58°37 | Third A ad in ex 5u66 Third Av ref 4360 Tide Wat Of1 3155’52 Tol St L & W 4350 __ Un Oil of Cal 315s '52 Union Pac 3168°70 Union Pac 316871 _. Union Pac 1st 43°47 _ Un Pac st rf 45 2008 Un s 18t rf 53 2008 Unite Drug 5853 Utd N T RR 45 °44_. U S Rubber 58 47 Utah L& T 58 44 A _ Ut P& L5359 ww_ Utll P& L 5%8'47 Ver Sug 1st 78’42 ctfs Va B & P 1st rf 4s'55 Va Rv 1st 388 '66 A_ VaS W con 5s'58._ Wabash 1st 55 ‘39_ Wabash 53 ‘80 D._ Walworth 4s '55 Warner Bros cv 6s 39 Wash W P 1st 5539 W Sh 1st 48 2061 gtd_ West'n Md 18t 45 '52_ Westn Md 51877 Westn NY&P #n 45'43 Westn Pac 6846 A West'n Pac 6546 A as West'n Un 4%8'50 Westn Un cl tr 58 '35 Westn Un 58 51 West'n Un 6360 Wheel Steel 41,866 Wilkes B&E 1st 58 43 Willmar & S F 55 '38_ Wilson & Co 4s ‘55 Wis Cent 1st gn 4’49 WisClstgn 4s'49ct. 21 20% 20% WisCS&DT48'36_. 154 154 154 Y'ngstn S&T 3%s'51. 145 1441 145 ¥’'ngstn S&T 48 1083 103% 10314 50TH YEAR IS MARKED BY FINANCIAL PAPER Srecial Dispatch to The 8tar. NEW YORK, July 27.—Founded in 1887 by the late Clarence W. Barron, the Boston News Bureau to- day celebrated its fiftieth anniversary with a special feature edition of 140 pages. i Approximately 275 advertisers are represented in the anniversary edi- tion. The Boston News Bureau was the first of C. W. Barron's ventures in the publishing field which later grew into the present Dow-Jones group, including the Wall Street Journal and its Pacific Coast edition, the Phila- delphia Financial Journal and Bar- ron's the National mchm Weekly. 1068 92 102% 107% 109% 3l 313, 92y 101% 9% 89y 1003 161 103% 102% 22 16'5 103% 103% 1021 102% 22 22 TAR, WASHINGTON, D. C. NEW GAIN SEEN IN BANK LOANS Liquidation of Direct U. S. Government Obligations Also Continues. Bs the Associated Press. The Federal Reserve Board ported last night a further increase in bank loans to commerce, industry and agriculture and continued liqui- aation of banks’ holdings of direct government obligations In its weekly condition statement for member banks in 101 cities, the board said commercial, industrial and agricultural loans, made with securi- ties as collateral, increased $7.000,000, to $579,000,000, durlng the week ended July 21 Similar loans nlh?rwi.w secured and unsecured climbed $12,000,000, to $3,- 847,000,000. Advances to commerce, industry and agriculture, regarded as a barometer of private credit demands, have been tending upward for almost a year. The board said real estate loans increased $1,000,000 during the week, to $1,162,000,000, and loans to banks rose $23,000,000, to $129,000,000. Reporting banks whittled holdings of direct Government securities $14,- 000,000, to $8.240,000,000, or $1,231,. 000,000 under the same week last year, These holdings have declined inter- mittently since March. Holdings of fully-guaranteed Gov- ernment obligations increased during the week however, rising $41,000,000, to $1,195,000,000. CARRIERS & GENERAL REPORTS LOWER ASSETS By the Associated Press NEW YORK, July 27—Carriers & General Corp., an investment com- pany, reported as of June 30, net asset value of $9.80 a share of common stock, compared with $11.82 a share on December 31, 1936, and $988 a share on June 30, 1936. Washington Produce BUTTER— 9" score, 1-pound prints, 38; «-pound prints tub d5. 90 score 1-pound print 3" 14-pound priuts. tub. 34. market sirong. MEATS - Choice beef calves smoked hams d @0; compound. 13; LIVE STOCK zall3, " me 11l ls 10%4al11: Light hogs ppers. net { o b. Wash- e United States Bu >nomic et 1 lower o extras. med 5on Other prades Cltrr a1 nery whites. 2 to ed and dated white 10: U, S. extri standards large Mark d exes me- oa s TRY market highe ol Colo | 1 ¢horns Chickens Crosses ginia. less tna pounds and ov pounds _1% to "0 16 to 17 old toms 14 Fruits and Vegetahles Sales in large lots by ori to X am. toda CANTALOUPE; unds to 74 Turkeys to 23: Leghorns Old hens, 2 Approximately 55 ar) supplies libera | ket ‘weak. North lina_ Ridgeway section Salmo standards all sizes iabeled few higher: unlabeled. mostly "1.00. HONEYDEWS.—One California arrived uribroken cars on (rack. _ Supplies demand slow: market dull ornig standard and 1umbo cantal tes “all sizes” some wasty. best r o100 NEYBALLS—No carlot arrivals on track. Supplies light market slight 1500 mand gair ma no ("ELER v frack m No_carlot Supplies steady Ny wash 00: Michigan. Highballs crates 2 0 'FACHES- -No_carlot arrivals: two bro- cars on track. Truck receipts liberal supplies liberal. _ de: ght: market steady. South Carol shel baskets < ‘and Elbertas and Hileys U. § No «-inch minimum 50 wasty 50: N bushel baskets, inch minimu; 2is-inch _minimum. baskets 1%4-inch minimim Ve \'lrvlm:\ bushel baskets. G e. U S. No. 1 inches hest 1 wasty. 1.00. WATERMELONS-——Boat receints. equiva- lent to two cars North Carolina. Truck receipts liberal: supplies liberal: demand slow: market dull. Tom Watsons. North and ‘South t receipts and s averaze, 40- average “5-20. boat 00" melons: North 00-20.00: selects, arrivals moderate New no demand ork dozen 1shel 1 o _cariot arrivals: one car broken and three unbro- track ~ Supplies libera market dull Icebers tvpe 2.25: fair condition fon 1.00-1.75: N Big Boston tvpe condition. 25 Onions About Stea ONIONS-—No carlot arrivals on track Truck receipts liberal: supplies Useral: demand slow: market about steady 50-pound sacks. Yellows. U ORSAL: New Jersey 90-1.00: Fehnsyivanta, some wastv PEAS—One Colorado arrived and two unbroken cars on track ~Supplies moderate: demand _light: market_steady. Bushel hampers. Telephones: Colorado fair ~condition ~ 1.50-1.85: Washington few higher POTATOES—Truck supolies moderate: demand light: steady. Cobblers. U. S. No. 1: Shore of Virginia. stave barrels, 1 Eastern Shore of Mary- 25" Eastern ‘Shore of Vir- a. 115 New Jersey 1 TOMATOES-Truck receipts liberal: supplies liberal: demand light: market peak. , New Jersey. I2-quart Climax bas- ets 1l BEANS _Supplies lineral light' market weak Bushel Eastern Shore of Maryland. Jersev. 1.00-1.25 CORN-—-Supplies moder: Maryland. sacks, 5 lght: market weak. dozen 1 00-1.2 moderate: demand pennsylvania, bushel s on light tern crates. 2352000 few ordinary condi astern crates 2 dozen : fai 3 broken receipts moderate demand hampers and New demand SPINACH—Supplies light: market weak baskets Savoy type. #5-75 ORANGES—No _carlot arrivals: four i broken and three unbroken cars on track California. boxes. 4.00-6.50. as to grade and_size LEMONS—one California arrived: one broken car on tra alifornia. boxes No. o b NG, 553 R 00, as to size. ' CARROTS—Pennsylvania, = 30-35 dozen bunches, BLUEBERRIES—New Jersey, cultivate quarts. 30-35: pints, 16-20 BROCCOLI'— Pennsylvan crates. 1.5 d. bushel UNA PEEANS _Pennaylvani bushel bas- kets. 85-1.00. AVOCADOS—Florida. flats. 1.00-1.50; 2.50-3.50: flat Cuba. ventilated, crates, crates. 1.7 BEETS—Pennsylvania, 25-30 per dogen bunches. PLUMS—California, 2.00-2 Florida. LIV s boxes. 1.50-1.75. HUCKLEBERRIES—Virginia, 14-15 per quart SWEET POTATOES—Alabama, bushel baskets, white, 150 g0 EPPERS—New Jersey bushel baskets, PINEAPPLES —Cuba. crates $3.00-3.25. APPLES—Bushel baskets. U. 8. No. 1, Maryland, Pennsylvania, Virginia and West Virginia, ‘Starrs. 2Y-inch minimum. 753 5: Transparents. 2-inch minimum. 60-7 inch = minimum. 00: Williams’ boxes, Wicksons, -inch minimum. BANANAS—One car broken car on track. U. . TREASURY NOTES. NEW YORK. July 27 (#).—Prices quoted in ‘dollars and thirty-seconds: Rate. Bid. Maturity. Bept.. 1 Feb. > QSO 3 June, ' 1938 Sept . June, Mn‘ch n‘;F###&F: G It 255520525 [T eTeE 833333238 HEH JESRBIERGS Kroger Grocery & Baking Co.— Sales, four weeks ended July 17, were off 0.3 per cent, 28 weeks up 8.4 per cent, ( Studebaker Nets $1,174,518 Profit For Six Months By the Associatea Press. SOUTH BEND, Ind., July 27.—The Studebaker Corp. reported today first six months net earnings of $1,174,518, or 54 cents a share, compared with $1.004928, or 46 cents, the corre- sponding period last year. June quarter earnings were $475,058, compared with $900,175 in the second quarter of 1936. Sales for the quarter, involving 30.- ~ars and trucks for $22,216,310, compared with 26,394 units for $19, 422,067 in the same period of 1936. INVESTING COMPANIES NEW YORK. July %7 (P.—New York Security Dealers’ Association (Noon quotations.) Bid 191K Admin Pd “nd_Inc Am Business Shrs Am Gen Eq Inc Am 1Ins Stocks Bancamer Blair Bankers Nat Inv Corp Basic Industry Boston_Fund Inc Broad St Inv Bullock Fund Corporate Trust Corporate Trust A Corp Tr ‘Accum Ser Corp Tr Acc Mod" Cumulative Tr_Sh Depos Bk Sh N Y Depos Ins Shrs “A Depos Ins Shrs *'B Diversified Tr C Dividend 8nrs Equity Corp $3 pf Fidelity Fund Inc First Boston_Corp Fiscal Fund Bank Shrs Fixed Trust Sh A Fiscal Fund Insurance Fixed Trust Sh B und Tr Sh A d Investors Inc und Tr Shrs A Fund Tr Shr A oup Sec Agriculture Sec Automobile Sec ding Sec Chemical Sec R R Edup Sec Steel Se Tobacco Holding Incorp_Investors Instl Sec: Bank Group Inst Sec: Insurance ‘ton Cust Pund B-3 *Shrs Corp M.«rv]mm Fund nal receivers. cars | no_cars | per | North Am Bod Tr | Nor Am Tr | Nor Ani Income 'S Investol k P Super Super 3 Supervised Shr T - NEW YORK SUGAR NEW YORK. Jul tures prices fluct e ‘was an declines at and outside supj in_the encouraging prospe tion tended to migafternoon No 4 contracts were higher with September se 0 1.22 and March from | METAL MARKET YORK. J 7 o electrolytic export, 14 steady 14.00 —Copper and future steads. spot Louis spot 5 S spot and fut ony. quicksiiver nchaneed. plat cheelite MONEY MARKET. NEW YORK. July steady. 1 per cent mercial paper. 1 steady. B0-00 dave 114 4-6 monthe per cent Bankers' acceptances unchang Rediscount rate. New York Reserve Bank. 1'z per cent. 7 (P.—Call monev all day. Prime com per cent. Time I O0DD-LOT DEALINGS. Ly the Assoclated Press Commission reported to- | | day these odd-lot transactions by deale and specialisis York_Sioc Exchange for Ju OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM’S FURNlTURE HOUSE 1416 Eye St. N.W. NA. 2184 Safe Investments First inortgage notes, 6% i Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly Years FIND BUYERS for Business Properties F YOU OWN a business property for which you would like to find a buyer, come to Weaver Bros. and talk it over. We are in touch with sources having funds available for investment in District apartment houses and family hotels, office buildings, stores and other income- producing proper- ties. If your property has an attractive income record, we believe we can help you locate a buyer. WEAVER BROS in¢ REALTORS Morteags Lian Correspondent Maroplisan Life Insurance Company WASHINGTON BUILDING DISTRICT | NET OF MISSOURI PACIFIC DECLINES June Total Below 1936, but Half Year Shows Sub- stantial Gain. By the Associatea Press. NEW YORK, July 27.—Net operat- ing income of the Missouri Railroad for June was $430,447, as compared with $717,221 for June, 1936, and $1401,112 for June, 1930, the road reported today Total operating revenues for the Pacific | Home Loan Bank Debenture Issue Is Put on Market ¥ the Associated Press, NEW YORK, July 27.—Offering of $28,000,000 of one year 1%, per cent consolidated debentures, series B, of the Federal home loan banks, due July 1, 1938, at the price of 1003/16 and interest, to yield approximately 1.04 per cent, was made today. This issue is the second public financing of the home loan banks since an initial sale of $25000,000 of one-year debentures in May | The board announced the issue was rsubscribed about 10 times, CHICAGO PRODUCE month were $7,045,072, compared with $7.138,656 in June, 1936 For the first six months of this CHICAGO. | steady: pricr steady’ prices un July ! year the road had operating revenues | of $45110,232, compared with 421,556 for the first half of 1936. Net railway operating income for the six months' period ending June 30" was $4,199.074, compared with $3 - 449,465 in the corresponding period last year. Wabash Railroad. The Wabash Railroad's June net operating income was $220.995. as compared with $192575 for June, 1936. Operating revenues for the month were $3,535,892 and operating expenses £2845795. The same items, respect- ively, 571097 and $2.876.992 For the six months' period ending | June 30, net railway operating income | was $2.607.223, total operating rev- enues $23455187 and total operating expenses $17.744,485 Net operating income (before fixed charges and other income) on other railroads reporting for June totaled 10: £6.114 01 1 Pennsvivania rork Central Southern T & Lake Erie and Southern *Defici Rwy FOREIGN EXCHANGES NEW YORK July 7 steady: Great thers in cents 74 cables "Denmark 54 Gree: oslovakia 0.55: “Menlzo New York. 69 08 10 NG P ———————————— WHERE ARE YOU HEADING? Own your home outright in 5. 10, 15, 20 years with one of our convenient monthly pay- ment loan plans. SHANNON & LUCHS Morteage Loan Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 minal Here Is an Opportunity for You to Receive DIVIDENDS AND W""s%snrsrv Onls carefully selected First Mort- kage Loans secure vour inveet- ment through this organization. ‘Why take a chance when such a SAFE plan as this . is :g;rf'd:‘PYl;‘f:!nl divi- . Dparticulars " call The Northwestern Savings and Loan Association Incorporated 1906 107 Carroll Street Takoma Park, Md. SHepherd 2693 For $41,- | for June of last year were $3,- | REGISTRATION STATEMENTS. | By the As NEW YORK BAR SILVER. | NEW YORK. July 27 (#) —Bar sil- ivpr steady and unchanged at 443. REAL ESTATE LOANS RESIDE and 0 SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE DISTRICT 61292 Free to Executives 16 Bank and Trust Company Statements reports of condi- Companie C., os of which appeared in The Evening Star reference request to Ad- Invaluable booklet. Free Ex Investors dress Advertising Manager, stives and The Zuening Star CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 First Mortcace Loans District of Columbia, Nea Homes Apartments Terms from 5% rby Maryland and Virginin Business Properties 3 to 15 years Also Monthly Payment Loans RANDALL H.HAGNER & COMPANY INCORPORATED MORTGAGE Loav CORRE SRONDENT ala/u@m{,%%mymm ?me/an(y 1321 Connecticut Ave. N.-W. Telephone: DEcatur 3600 é/w'cf Zezm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INTEREST COMM!I SSION 1% 5% Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or five years, without curtail ‘l!. L. RusT 1001 FIFTEENTH STREET nterest semi-annually. CoMmPANY NATIONAL 8100