Evening Star Newspaper, July 27, 1937, Page 17

‘ FINANCIAL. CURB LIST TAKES UNEVEN COURSE Utilities and Oils Mixed, With Swings Limited to Narrow Range. By the Associated Prese. NEW YORK, July 27.—Curb stocks see-sawed in quiet trading today. Utilities and ofls were uneven and swings were confined to narrow limits. Electric Bond & Share declined nearly a point and United Gas gave up around ';. American Superpower and American Gas & Electric were up fractions. Sunray Oil slid down around ' and Gulf Ou pushed up a similar amount. Cosden improved a lttle, while Hum- ble Oil dipped around a point. Tilting lower were Fisk Rubber, St Regis Paper, Crocker Wheeler and Eagle Picher. Gainers included Tech- nicolor, Newmont Mining and Hearns Stores. Remington Rand Declares 35-Cent Interim Dividend By the Associated Press. NEW YORK, July 37.—Directors of Remington Rand, Inc, office equip- ment makers, today declared an in- terim dividend of 35 cents on the common stock and the regular quar- terly dividend of $1.12'; on the 4!z per cent preferred. both payable Oc- tober 1 to stock of record September 9. On July 1 the company paid an interim common dividend of 25 cents. CURB BONDS DOMESTIC BONDS. High. Low Ni'a B3y Rilg R0 T RR7a RS 10672 10612 106} 10675 1067, 9 7 Noon Ala Power 4ias "7 Als Power 55 6K Alum Co Ltd bs 48 Am E T & A an 768 Bk xw atp h Steel 65 9% 1011310113 10) 10133 106 E 10402 1042 104y Comnty P&L a0 " a0 " an Cont G & E K6 R33, Del El Pw 3 f 108 104 Crot J0X*a TORSa 10X38 No3g Re A Denver G&E East G & F 45 3 El Pw & Lt 5s Erie Light 5s Eed Wat 5l P&L GAry EAG 5 14 st x Gatineau Pw 5s ‘56 Gatineau P fs 41 B 104 a3, o 100 10ite10bie i01i P® 55 Georgia P&L 3 Glen Alden Cl 4s Hail (WF) 65" i l;!\ &L Indiana Ser Ingnap P&L Int] P Sec Intl Pw Sec 102 103 Z 100 10434 10 210013 100 &R 88 1011510112 103% 108 1083 10! il RR1% 10103 108 103 10070 1007, GEET) 2 Ei 05Q0m " 0g §tand Pw' & L tarret Corp ‘exas Eloc 7 in CR T A Tlen & Co s 41 iv IIst Unit EI N J 45 40 Uni N a anig 10171 10430 10430 10420 10435 1047, 100% 1005, 10038 iR Potrero Su Bante F A 45 s ww-—With warrants. xw—Without war- vante n—New. s (sip)-—Stamped §Nezotiability impaired by maturity. tCompanies reported in receivership. SHORT-TERM SECURITIES. Reported by Chax. D. Barney & Co.) Am Tel & Tel 5155 : Auburn Auto Cn 4%s "398 Baldwin Loco Works 5x ‘40 f Packing Corp o Slinch & omo 38 Gk g i by 5 !l?c lllum 45 en Pub Serv 555 30 _ Warner Bros 65 '30 Western N Y & Pa 43 43 Western nion Tel 58 38 BOSTON WOOL MARKET. BOSTON. July (P (United States Department of Agriculture).—A moderate gmount of business was transacied on fos Westem grows wosls ipday. Eood French combine Jensihe bulk fine territory clips in original bags broueht around 95 to 97 cents, scoured Original lots of similar grades carrying a Sood percentage of staple c occasionaily sold at ik average to short Prench nolnbml “lengths fne orisinal territory wools were 93-95 cents. e HEADS TOKIO BANK. TOKIO, July 27 (#).—Toyotaro Yuki, former finance minister, was appointed governor of the Bank of Japan today, replacing Seihin Ikeds, ‘who has been in ill health. yona | 0 | Bl R& THE EVE NING STAR, WASHINGTON, D. C, TUESDAY NEW YORK CURB MARKET By private wire direct so the Btar. 2:30 Dividend Rate.” Add 00. High. Low. Close. Stock and Acme W vte (2K) Ainsworth (28) Air Devices Alr Invest Airlnv war Ala Pow pt (7) Alles & Fisher __ Alum Co Am Alum Co pf (§) _ Alum Gds (1138) Am Airlines Am Beverage ___ Am Book (4) Am Box Bd(.95g) Am Centrifugal .. Am Cit P&L(3h) A CP&L ww 23 h y an B (.60)_ Am Eq(.2215e) Am&Fgn P war_ Am G & E1(1.40) Am G &E pf (6)_ Am Gen _ Am Hard Rub Am Laun M (.80). Am Maracaibo___ AmSup Ppt _ AmS P 1pf (6) Anch Post F__~ Ang Wupp (.208) Apex Electric Arctur Rad Tube ATk Nat Gas.____ Ark Nat Gas A Ark Nat Gas pf Art Met Wks(.80) Ashld O&R(.40) ASG&EL ______ ASG&ELA AXG&EIpf ___ Atlas Corp war _ Atlas Ply (1&g - Austin Silver M _. Automat Prod __ Auto V Ma(3a) AxtonFis A_____ Babcock&W (3g) - Baldwn Rub (1;) Bald Bond rt (r)_ Barium Sta Stl _ Bath 1 W(6% 1) _ Bell T Pa pf(64) Berk&Gay Furn .. Berk&G K war _ BirdsSF&M (1 g) Bliss EW Bliss& Laugh (2 Blue Ridge ( Blumenthal (S) . Bourjois Bow R Bear (1g). Braz T&L (.908)_ Brewster Aero Bridgpt Ma(lag) Brill A Brown Co pf _ RBrownF Dist __ BN&EPDI(1.60) Bnk Hl & S(1%4) Burry Bisc (¢8) Cab & Wire B _ Can Hydro El pf_ Canlnd Ale R . Can Marc Wire _ Carib Syn (138)-. CarmanB ______ Carnegie Met ___ Caro P&LLDL(6)- Carrier Corp _ . "asco Pr (2% ) . ‘atalin Am __ - “elluloid pf P&LDL (48114 k) ‘en & Sw Ut____. ‘en St E ‘en Sta E I centrif Pi (.40) ‘h Riv&M (.30g). hief Cons ____ y s Service erv pt ‘it Serv B B pf ‘it Auto St(.20g) “laude Neon Lt _ ‘lub Al Uten ___, “olon Develop __ ‘ol Fuel&l war _ ColtsPatF(11ag). | Col G&E pf(5)___ Coluni O & G Comwlth Ed (5 Comlth & So war. Comp SM vtei1) Cons Bisc (.60)__ ‘ons Cop atin__ “on G&E B(3.60). “ons Gas Utll ‘ons Steel Corp ‘ooper-Bess ____ ‘opper Range __. “ord Corp £ ‘osden Petro _ “0sden Patro pf . “reole Pat (13%) Crocker Wh Croft Brewing rn C IntlA(1) Crown Drug Cusi Mex __ | Darby Pet (13) _ | Daxyton Rub Dejay Strs (.80a) Dennison Mf 1 pf. Derby Oil Det Gray Ir (.04). Det Mich Stove _ Det Stl Pr (Xg Dom St & Coal___ Dubilier Con____. Duro Test (.40) _ Duval Tex = Fag Pi Ld(.20g) _ East Gas& F EG&F 6% pf(3)_ East Sta Corp K Wash MB(1;3K) Edis Br Stes (1) El Bond & 8h $5pf (5)_ El BA&Sh pl(6) - El Pow As (.158). ELP A8 A (.158) EIP &1, war Elect Share ._ llectrol vie quity Corp = Evans Wallo._ . Ex-Cell-0 C(.40g) Fanny Frm(13g) Ferro Enam(%&) Fidelio Brew ___ Fisk Rub____ Fst Na St 1pf(7) Fla P & Lt 37 pf Ford M Can A (1) Fd M Ltd(.213g)_ Froedt G(1.20g) FroedtGevpf1.20 Fruehauf T.30g - Gen Firepfg .558- Gen Invest _ _ Gen Tel (%K)_ GenT & Rub __ Gen T&R Apf(6). Georg Pow pf(6). Glen Alden(%4g) - GodchauxSA (38) Gorham vtc 2.25g Grand Nat Films GtA&P nv (6a) . Gt Nor Pap(1a)__ GreenT & D Gulf Oil (15¢)_ Hall Lamp(.20g). Hazeltine (3) _ _ Hn D Stra(1.65g) Hecla Min (.45g). Hewitt Rub(}2g) Hoe(R)&Co A Holling G1d (.65a) Horn&Hard(2) __ Hud BM&S(%g). Humble Oil (1%) HumRossF (.20g) Hygrade Fa__ 111 Towa Pow_ 111 Towa Pow pf__ 111 1a P div ct 111 Zine (%g) Imp Chm T.197x 1mp Oil Can(1a) Ind Ter LA =~ _. Ind P& Lpf 6% Ins CN Am(2a)_ Int Hyd-Elec pf_. Inter Pet(1%4a) .. Inter Rad (.85g) - Inter Util A Inter Util B __ Inter Vita (%) Int Home E(.44) . Inters Pw Del pf. Ir Fire vtc (1.20) Irv Air Ch (1) Ital Superpwr A Jeannette Gla___. Jer C PEL pf(7). Jones & Lau Stl_. Kingston Pr(.40) Kirby Pet __ Knott Corp(.208) Lake Sh M (42) __ Lakey Fdy & M_. Lefeourt Real __ Lehigh C&N(.30). 258 2 2 49 14 20 3 508 117 1 4 2 10x 1 3 3508 161 26% 2 64 201 3% 3% 36 3315 bl a"u 7% o 49 4 14 2% 2% 3% 8% n7 ni7 164 164 264 26% 2 2 64 20 3, 35 36 324 5% 1‘- 36% 2015 165109 109 109 1 108 L 9 S & 108 2008 4 b 3 1508 3 2 10 1 3 308 1008 13 50n 1 20 308 508 150, 1000 l 2 308 T 3 2 1 1 1 8 8 1111 111 108, 2115 26'a 10% 21% 129 137w 130 137 13 1% 1% 613 12% 22% 12 1% 614 89 111 5 5 6% 6% 13 13 503 503 | Reybarn Inc .10g. | St Regis Pap ___ | Sentry S Con | Seversky | Sta | Taylor K Dist .30, ) luh u" Close. 29'« 12% 161 L% 651y ar TRly 13% 49 21 an 1084 22 7 124% 64 Leonard Ol Lion Oil (1a Lockheed Airc _. Locke S Ch(.80n) Lors St G(.408) . Long I I.pt B(6). Long In Lt £ Long Ia L pf(7)_ Louis L&E(.40) . Lynch Corp(3g) - McWill Dread (2). MajRad & T Massey Harris _. Master Elec (1) McCord Rad B Mead John (3a)_. Mer-C&SplfA _ Mesabi Iron Mich Bumper MichG&O_ Mid 8t Pet A vic_ Mid St Pet B vic - Midwest O (}3g)- Mock J Vo(.30g) - Molybdenum . _ Mont Ward A(7)_ Mon LH&P (135) 2 Moodyn pt pf(3) Mount City Cop . Mount Prod (.60) MUSLT&T (8) . __ Nat Bellas Hess _. at Contnr(%g). 288 12v 16 111 65t 4% Wiy 13% 4 204 3 104 224 s 7 1243 124% 62 64 %l 2 2% 9 5l 1 145 2 11% 151y Toke 4% Yo 245 Eng Pow Asso. 508 Zinc (28) 1508 ewmMin (1) &HRo®(1%g) Niag Hud Pow _ iag Hud 1pf(5). & H2pf (5) . ing Hud A war_. iag Hud B war . ipl'g Mns(3g). oma El (408) Nor Am Lt&Pow. Nor Am L&P pf_. Nor Kurop O11 NIPS6%pf(21k) 50s a1 758 T6n O Brasa B(1,;§)_ 1508 Okla Nat Gas 7 Pac PubSve Pac Tin spl (2a) Pan-Am Afr(1)__ Pantepec Oil Park R&R(.40g) - Pennroad (ie) . Pa Pwr&Lipf(6). Pa P&LL pf (1) _ PhoenixSec(%a). Pioneer G1d(.40) - Pitts Forg . Pitts&LE(4148) Pitts Metallu 1a Pitts P G1(4138) Powdrell&A1.358 Pressed Met (2) . Prod Corp.______ Prosperity B _ Pug SP $5n16 1k PugSA P $6 pl__. Pyrene (.20). Rainbow Lum B Raym Conc (1a) Raytheon Mfg Reed Ro Bit .80a _ Reiter-Fost 2 Reli’ce E&E l3g .. 1 1008 2 5 4 6 > H = g PR P D PR S T I - - O eys Revnolds Inv Rice S DG (.75g) Richmond Rad Rio GrV G vie Russeks F A (1) Rustless T & S __ Ryan Cons 5 Ryerson & H _ Savoy Oil 5 covill Mfg (1)- Seral Lock = Seiberling Rub__. Selected Indus SelInd(alct)sly Sel Ind prpf 5 Afre __ Shattuck Denn _. | Sherwin-wWms 4a Sherw-Wma pf 5 Solar Mfg (.20g) onotone outhld Rov 205, pencer S 1.03g Std Cap & S 1.60a R C&S cv pf 1.60 Stan Dredg cv pf. | Stand Inv pf SOl Ky (Ja) St 0il Neh (i g) St 0il Ohin (1) __ StPow& Lt ___ StPow& LR _ Stand Prod (% g)_ SUSIl-L (02) Stand Tuhe B tt Cor vie Sterling Br.10g Stroock & Co 2 Sullivan Mach Sunray Oil .15g Super'r P Cem B Swiss-Am El pf . Taggart _ Tampa El (2.24)_ Tastyeast A 4% 1815 117 11 3513 Tt 31, Technicolor _ Tech-H G (.40a) Tenn E P 1st pf 7 Tex P&l pf (7) _ Tilo Roof (1) ___ Todd Ship (2) _ 100s Trans-Lux (.20 Transwest Oil Tri-Cont war.._ Tubize Chat Tung-Sol Lamp Unexcellad Mfg T'nion G Can .60 Tnit Corp war Unit Gas Unit Gas war ___ Unit Lt & Pow A - Unit Lt & Pw B . UnitLt & Pcvpf, Unit Milk P 133 Unit Molas .182g Unit Pr Sh (.10g) Unit Shipyds A__ Unit Shipyds B _ Unit Shoe M 2132 Unit Spec (1.40) US Foil B (%g). U S Play Card 1a. U S Rub Recl Unit Ver Ext 1g_. Unit Wall P 15g. Tniv Corp vte Univ Pict Utiea G&E pt (7) Util P & Lt (r).. Ttility Equit__ Valspar pf vte Van Nor M T 1.60 Venez Mex Oil_ Venezuel Pe Wayne Knit M__. Wellington Oil Wentw'th M .15g. West Air Exp___. Wilson Jones __ Woolw Ltd .539%_ Wright Har .40a _ 65 6s 64 Yukon Gold .06g_ 3k 84 34 rIn bankruptcy 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 last quarterly or semi-annual declaration. Un- less otherwise noted, special or extra divi- dends are not included. 25 674 s E) 91y 5 813 2214 1874 9la 5 8 2214 18% 8y 22% 1872 G Paid last year. lared or paid s "o _regutar rate. " Oarh Accumulated dividend paid o deciared SiAtcumaisted, div ith war- rants. xw Without warrants. =~ war War- rants. LOWER NET REPORTED BY TRUSCON STEEL CO. 87 the Associated Press. YOUNGSTOWN, Ohio, July 27.— ‘Truscon Steel Co. reported profit from operations for the quarter ended June 30 was $274,442, compared with $386,- 413 for the corresponding quarter in 1936. FAILURES TOTAL DOWN. NEW YORK, July 27 (#).—Business fallures for the week ended July 22 stood at 148, compared with 152 in the previous week and 141 in the same week & year ago, Dun & Brad- street reported. | Everett, | requirements to | cents a common share. | with $10.589.158 or 4 cents a share in the same period last year. | preciation, ALLIS-CHALMERS EARNINGS JUMP $2,636,850 Net Compares With $1,504,897 for Same 1936 Quarter. By the Associatea Press. NEW YORK, July 27.—Allis-Chalm- ers Manufacturing Co., makers of heavy machinery with main plant at Milwaukee, Wis., for the quarter ended June 30 today reported net profit of $2.636,850 after charges, except un- distributed profits surtax, equal to $1.49 a common share. This compares with net profit of $1,- 504,897, or 85 cents a common share, in the preceding quarter and $1,334,473, or 99 cents, in the like 1936 quarter. For the first half of 1937 net profit Was $4,141,748, or $2.34 a common share, a record for any six months in the company’s history. In the first half of 1938 net profit was $2,088,600, or $1.55 a common share. Savage Arms Corp. Savage Arms Corp, manufacturer of firearms and ammunition, with its principal plant at Utica, N. Y, reported consolidated net profit today for the quarter ended June 30 of 8153335 before provision for Federal surtax. equal to 91 cents a common share, This compared with $55.016, or 32 cents a common share in the June, 1936, quarter. Square D Co. Square D Co., Detroit, maker of electrical equipment, reported net profit for the six months ended June 30 of $536.150 before Federal surtax, | equal to §1.55 & common share, against. $341,055, or 99 cents a share on the current capitalization in the first half of 1936 Bridgeport Brass. Bridgeport Brass Co. Bridgeport, Conn., manufacturer of brass, copper and other metal alloys, reported indi- cated net profit for quarter ended June 30, excluding unconsolidated subsidi- aries, of $349,295, equal to 37 cents & share. This compared with $190.011, or 29 cents a share in the June quar- ter of 1936. Barnshall 0il Co. Barnshall Oil Co. and subsidiaries, producer, with principal flelds in Oklahoma, Kansas, Texas and Cali- fornia, for the six months ended June 30 reports net profit of $1,256330 after charges. equal to 56 cents a com- mon share, against $1,209.894, or 54 Cents in the like 1936 period. Ludlum Steel. Ludlum Steel. Co. and subsidiaries, with principal plants in New York State, for the quarter ended June 30 reported net profit of $506,087 after charges, equal to $120 a common share, excluding treasury shares, against $271,369, or 55 cents in the like 1936 period. Warren Foundry. Warren Foundry & Pipe Corp., with plants at Phillipsburg, N. J., and Mass, for the six months ended June 30 reported consolidated net income of $282222 after charges but before undistributed profits sur- | tax, equal to $161 a common share, | against $148.490, or 85 cents in the like 1936 period. Atlas Plywood. Atlas Plywood Corp., with plants in | the East, South and Canada, for the | fiscal year ended June 30, reported | Profit of $495,188, after taxes, equal, after fixed charges and dividend re- quirements on preferred stock, $331 a common share pares with net profit of $136.783, or $1.04 & common share, in the preced- ing fiscal year, Allegheny Steel. Allegheny Steel Co. for the quarter ended June 30 reported net profit of | $864.449 after charges, except undis- tributed profits surtax, equal after preferred dividend requirements to [ $1.07 & common share, against $610,- 805 or 20 cents in the like 1936 quarter. Commonwealth & Southern. Commonwealth & Southern Corp. reported consolidated net income for the year ended June 30 of $15,557,021 after taxes, interest and other charges, equal after preferred dividend approximately 19 This compared National Lead. National Lead Co. reported consol- | idated net income for the six months ended June 30 of $5.192.266, after de- depletion and Federal taxes. and including about $1,100.000 non-recurring profit, equal after pre- ferred dividend requirements to $1.36 & common share. This compared with $2.740.927 or 57 cents a share in tne like 1936 period. International Silver. International Silver Co., with prin- cipal plants in Meriden. Conn., for the quarter ended June 30 reported consblidated net income of $165.404 after charges, equal after preferred dividend requirements to 66 cents & common share, against net loss of $19,388 in the like 1936 quarter. NEW RECORD SET AT SAVINGS BANKS Mutual Institutions Disclose De- posits at $10,207,803,494, All-Time Peak. By the Associatec Press. NEW YORK, July 27.—National Assoclation of Mutual Savings Banks announced its member institutions operating in 18 States had on June 30 total deposits of $10,207,803,494, the highest in history. Representing an increase of $106,- 729.514 during the half year, the asso- ciation said the deposit total was “the largest sum cof small capital ever gath- ered together in one class of bank- ing institutions.” The report added it represented about 20 per cent of bank deposits for the country as a whole. ‘The number of depositors rose to 14,759,246, which was also a record for active accounts. The institutions opened 291,607 few accounts in the first half of the year. te assets of the banks rose by $128,735.621 to the record total of $11,588,146,918 on June 30, the asso- ation reported. e = STOCK SPLIT APPROVED. SAGINAW, Mich, July 27 (Spe- cial) —Stockholders of the Lufkin Rule Co., at a meeting here, approved an increase in the authorised number of common shares to 500,000 of $5 par value to provide for a split-up of the present common shares on & two-for- one basis. ' The stockholders also au- thorized the salé of an additional 16,- 000 shares of the new common stock, proceeds of which will be applied to the redemption of 21,638 shares of outstanding preferred stitk. to This com- | | | Wash. Ry. | Lincoin Service Pfd Wheat Prices in 1924 Harvest Pri The fime to have wheat is when others havent much. That is the American position in 1937. The crop—one of the largest—estimated at 882 million bushels, is 250 mil- lion bushels larger than last year's. Nevertheless, the price is neerly & quarter o JULY 27 of Wheat on the Chicego Board of Trade bushel higher than in 1935. The price, has gone up despite the larger yield, because of a reduced carryover, & small crop in Canada, and a bad fa ure in Europe. HUGE GAIN REVEALED IN TREASURY DEPOSITS By the Associated Press. NEW YORK, July 27.—Treasury de- posits with Federal Reserve banks more than doubled in the week ended July 21, the credits statement of the Reserve Board showed The upturn was believed to reflect payment of current bills out of Treas- ury cash, permitting income to be ac- cumulated in Reserve banks. Deposits of the Treasury compared as follows: Week ended July 31___ Previous week S Same period last year_ LARGE LAG REMAINS IN STRUCTURAL STEEL By the Associated Prass. NEW YORK, July 27.—The Ameri- can Institute of Steel Construction reported shipments of fabricated structural steel during June were 59.9 per cent of normal—normal being the average annual volume during 1928- 1931—and shipments for the first half of the year were 548 per cent of normal. Estimated tonnage for the entire industry for the first six months this year totaled contracts of 909313 tons and shipments of 769,560 tons, against contracts of 761.976 tons and ship- ments of 692244 tons in the same period last year, -$184,000,000 90,000,000 519,000,000 Washmgton Exchange SALES. Capital Traction 5s5—$1.000 at $1,000 at 85, $1.500 at 85 Potomac Electric Power 5!3% pfd.—2 at 112, 85, AFTER CALL. Capital Transit Co.—3 at 10, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid Asked Amer. Tel. & Tel. 4' 1047 Anacostis & Pat 5y s = Easial Traction ROR. 8 Cily & Suburban_ 5e QGeorestown Gas 1< 55 Poi. Elec. Pow Waih. Gas 58 1838 Wash. Gas 8s 1960 Wash. RY. & Elec. 45 MISCELLANEOUS Chevy Chase Club 15t 4'as Coi. Country Club Ist 4'4s W. M. Cold Storage 55 STOCKS. PUBLIC UTILITY, Amer. Tel & Tel (8 Capital Transit Co N & W. Steamboat (61 Pot. Eléc_ Pow. 6% pfd_(8)_ Pot. El P. 5127 of (5 501 Wash. Gas Lt (new) (1,201 *231¢ & El com. (36)_ 630 Wash. Rv’ & Kl pfd. 15 10815 BANK AND TRUST COMPANY. Amer. Sec. & Tr_Co. Bank of Bethesda (h Capital 4) 5) & Trust Pr. Georges Bk. & Tr. (.50)_ Riges (eR) Rigks fd. (5) Washington (6) = Wash. Loan & Tr. (eX)” FIRE INSURANCE American (8) 00 Corcoran ( Firemen's (1.20) | National Union (60)~ TITLE INSURANCE,. Columbia (.30 Real Estate (6) MI“(‘ELLANEOLS Carpel Gorp (= (1 Lanston Mnnnnne (t4) Lincoln 8erv. com (+1.00) 3.50) Mergenthaler Lino. (2 00) Peoples Dr. St. com. (11.00) Peoples Dr. 8t nln (6 501 Real Est Wdwd. & Lot Wdwd b_-Books closed. 1Plys extras Ty Juue 30, 1936; 45c pald De- :emhrr 22193 £30 31 "Te3n. DIVIDENDS ANNOUNCED NEW YORK July 27 —Dividends clared. Prepared by the Standard Statis- tics Corp. 10 be pald out of surpius July Extra. Pe- Stock of Rate. riod. record. Georgia Home Tnsur _10c Merchants Fire Assur_loc 3¢ $1 bl I New Bruns Fire Ins 8 Sher-Williams 8-i8 Increase. Superheater __ - 10-5 10-15 Remington Rand Omes Fauities Special. Pood Machinery ni Meier & Prank Inc Merrimac Mills Accumulated. Bfields Ltd 7% pf $1.25 Wes Pub 8ve $1.50 of A z 3746 Regular. T 7% st pf-dfc . 1 ll 75 2ac 2’ B'fields Ltd 7% pf_ Canadian Oil Do. 8% pf $2 Chi Bis E Gen $6 p-$1.60 El Faso Elec (Tex Gen_ Box Georgia Home Ins (c Guit 8; oul’ 86 pf ‘fl 50 2 Lebigh Boril s gy cem & Prersbu "4 Reel 40¢ snu-m wm ams 1 Do. 1 AAA 125 Warper Elte M SPPPIRD-DPND ©ININSDDIN 5333 5 57 225553 5 FrrRrniiat 2 22 o Sox Railway Co. asked Interstate Com- merce Commission permission today to issue of $4,427,000 of 4! per cent con- solidated mortgage bonds. Proceeds would be used to retire at maturity next September 1 & like amount of Bpflmtnmfllmm’pnm de- | Pav- | crops elsewhere, was 30 conts a bushel higher than the year before. Tbohflgom‘mmmabnufl*cbcu'o business in the third quarter of 1924, FlNANCLAL, Finished Steel Demand Expected o Turn Upward By the Associated Press. CLEVELAND, Ohio, July 27.—Daily Metal Trade today says: The recession in finished steel de- mand appears to be nearing bottom. New business has shown no sign of improvement, but active specifying on old contracts is reported, and with prices being reaffiirmed for fourth quarter, expectations are consumers will begin to order steel for their Fall requirements. The labor situation is improving and this is tending to remove some of the uncertainty which has con- fronted business lately. Deliveries are improved though atill extended in many products. Order backlogs are sufficient to support high ingot opera- tions through the remainder of the Summer, by which time it is believed & new buying wave will be under way. e OTHER NATIONS BOOST EY the Associated Press. NEW YORK, July 27.—Use of lead in the world outside the United States in April, 108,432 tons a month, against a monthly average of 105867 tons for the like 1936 period, the American Bureau of Metal Statistics reported today. Foreign copper consumption during April, May and June averaged 137.090 metric tons a month, against a | monthly average of 105270 tons for { the like 1936 period. World zinc consumption averaged 87.773 metric tons per month daunng | April, May and June, agains: lm average of 92,657 per month in the | same 1936 period. INSURANCE STOCKS YORK. July P —New York | secumty Doniers Association e kT T Reins (-Rog | Reserve | Am Surety ( | Autmobile” (1 Bait Amer Carolina (1 3 & City of N Y (1201 onn Gen Lite « ¥n) Contin Cas’ 1.2 Fid & Dep 4a) Firemen's Nwk Frank Pire (1a) @ Reinsur (%) Gien Palls (1. Globe & Rep (.&0a) Globe & Rul Great ‘Amer (1a) Hanover (1 601 Hartford Pire Home Pire Sec Home Tns (1) Homestead (1) Knickerbocker (&0) Lincoln Fire yland Cas Mass Bond Natl mire ( Natl Liberty (.20a) Ba) Springfield _(4'aa) Sun Life ) Travelers (16) U 8 Fire (7) Wesichester Also extra or ext Declared or paid so0 RU’BBER FUTURES NEW YORK, July 27 (& —Orude rubber furures opened barely steadv. 10 In; September. 18 IR ST os0s Saren: lird XONTREAL SILVER. MONTREAL. July 27 (# . —Silver fu- tures opened sieady. unchanged to 5 lower July. 44.80b. Seplemver. 44.60b; Decem- far this year. Money for Cnsguh n Loans Leans or Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. NW. . Nat’l 0350 RELIABLE L] Arthur C. Balser____. Wiifred H. Blans. Guy M. Neely _ CONSUMPTION OF LEAD, | hearing, May and June averaged | | dollar was quoted 26.71. | | units in the same period a year ago | | | | | OFFICERS™ Charles Kattelmann___President - Secretary - Treasurer | 1o the pound in final dealings. com- |in New York over night EXECUTIVES GIVEN SALARY INCREASES Several Large Corporations' Boosted Compnesations, Report Shows. By the Associated Press Several large corporations reported to the Securities Commission today | they gave their executives pay raises last year. —17 DU PONT PROFITS DOWN SLIGHTLY Quarter’s Net at $23,822,- 888, Against $23,978,189 in Same 1936 Perjod. By the Associatea Prass NEW YORK, July 27.—F 1 Dupont de Nemours & Co Del, reported for the quarter ended June 30 net income of $23 822883, equal after dividends on the debenture stock to $2.07 a share on ecommon stock. This compared with $23.978 - 189 in the June quarter last yvear, or $2.06 a share on a slightly larger num= ber of common shares. For the six months eyded June 30 net income was $39,836.234, equal to $341 a share on common stock, against $38691971, or $327 a share in the first half last year National Gypsum. National Gypsum Co. six months ended June of $509.880, equal after dividend re- quirements on preferred stock to 30 cents a share on common stock. This compared with $408,382. or 23 centy 4 share on common stock in the first half last vear. M. H. Baket, president and material costs duced profit margins during the half, but estimates for the last half reflect improvement in both sales and costs.” Robert Gair Co. Robert Gair Co. reported for the gix months ended June 30 net profit of $671.930. equal dividend re- quirements on preferred stock to A8 cents a share on common stock. of Wilmington, reported for 30 net profit after Philip Morris & Co. paid its presi- | dent, L. B. McKitterick, §143,699 last year, compared with $101.360 the pre- vious year. American Water Works & Electric Co. boosted President H Hobart Porter from $75.790 to $77.- | 686, and United Light & Power Co raised President Charles S. McCain from $61.815 to $63,585, Republic Steel Co.'s president, M. Girdler, whose anti-union views were aired in a recent congressional received $174,999 last year The company paid General Manager R. J. Wysor- $84.999, and Vice Presi- dent Myron A. Wick, $75.000. Other salary reports included United States Industrial Alcohol Co., | New York, C. E. Adams, chairman, $36.859. | Consolidated Chemical Industries, San Francisco, Solomon Peiser, pres- | ident, $28.400. Rike-Kumler Co. Dayton, Ohio, Frederick H. Rike, president, $34,999 DOLLAR GOES HIGHER | IN LONDON DEALINGS | By the Acsociated Pross LONBON, July 27 —The United States dollar was in demand in for- eign exchange trading todav. ‘The unit was up 7-16 of a cent at 4973, pared with a similar rate for sterling French francs ended unchanged at 133 to the pound. PARIS, July 27 (&) .—Rentes, 3 per cent, 72 francs 70 centimes; 4'3s A" T420; 428 1937, 98.70 Exchange on London, 13296, The WASHER SHIPMENTS SOAR. NEW YORK, July 27 (P —Ship- menta of household washing machines | in the first half of 1937 totaled 948.- A% | 328. highest half-year on record and | 102 per cent increase over 861408 June shipments were 143,073, or 52 per cent, above last year, NATIONAL TEA SALES UP. | NEW YORK. July 27 (& —Sales 3[ National Tea Co. for the four weeks ended July 17 totaled $4,631,958, an increase of 2.08 per cent over $4,504,609 |im the like period a year ago. 225 TONS OF LEAD SOLD. NEW YORK, July 27 (P1.—St. Jos- eph Lead Co. reports tons of pig lead from Southeast Missouri mines sold yesterday at $3.85 per hundred ' pounds, St. Louis. peciafists or Business Record and Equipment BLANK BOOKS She WalcottTaylor Col MEire. 5620 'r" | 000 common Comparable figure for last year was not available. Company produces folding cartons, corrugated paper products and paper board. Barber Co. formerly Genera for six mo | June 30. net profit of $402.7 e on capita or 18 ce last vear For the June quarter profit was $244 A share, agains | a sh phalt s ended 94, equal &tock, a share indicated net equal to 62 cents $160.038. or 41 rents in June quarter last year. Niagara Hudson Power. agara Hudson Power Corp. re- ported for q er ended June 30, net income of $3098.378. compared witn $1.394,562 in the June quarter last vear. The la figure was revised 10 give effect major ad)ustmenta in the capital structure. For months ended June .30, net was $0.532606. agai which w similarly revised in eon- nection with the capital adjustments last year. Congsleum-Nairn, Congoleum-Nairm, Inc. and suh- sidiary companies, reported todayv net, income for six monthx ended June 30 at £1.379,933. equal to 11 a common share, compared with $1036813, or 84 cen's a share. in the corresponding period last year McGraw-Hill Publishing. Por the second quarter of the vear McGraw-Hill Publishing Co. and sub- sidiaries showed net income of $301 - 209, equal to 50 cents a share on 600 - res, compared with $204.908, or 36 cents a share on 568 - 099 shares, in the like period last year. PLYWOOD SHARES OFFERED. NEW YORK. Julv 27 (% —Publie offering of 38.000 shares of §1 50 cum: lative convertible preferred stock a 53.475 shares of common stock of the United States Plywood Corp was made | todav by a Nation-wide selling group headed by Bond & Goodwin and C B Ewart & Co. The preferred stock is priced at A share and the commou at $17 a share Property Management DOPT the worry-free way and place the management of vour apartment house and residential properties in hands of our Property Manage- ment Department Experienced service; B. E. SAUL CO. 925 15th St. at’l 2100 the nominal Mortgage Loans REAL ESTATE LOANS On Improved property in D. C. and Arlington County, Va. NO COMMISSIONS RENEWALS UNNECESSARY A on improved ton and Arli pplications invited for LOANS real estate in Washing- ngton County, Virginia. Rates and terms commensurate with security offered. finance, build or -remodel—See us. Vice President Before you re- ‘The American has been helping the people of Washington to aequire homes for the past 63 years. American Building Assoriation ASSETS 300 Pennsylvania Ave. S. E. OVER $9, 700,000 UNDER U. 8. GOV'T SUPERVISION