Evening Star Newspaper, July 28, 1937, Page 19

Fl " FEDERAL BON SCORE ADVANCES Domestic Corporates Ease Fractions to Point With Rails in Lead. Bond Averages Net change. Today. noon 9 Prev. day Month ago Year ago.- 1937 high 1937 low. 1936 high 1936 low 103.0 95.1 9241030 93.2 9101026 958 93.6 103.5 102.6 99.01044 1028 9091022 958 98210441031 8691018 993 1932 low.. 458 400 646 1928 high.._101.1 98.9102.9 100.5 10 Low-Yield Bond: Noon ....111.3 Prev. day- 1113 Month ago 110.7 Year ago. 111.6 1937 high. 113.7 1937 Iow.. 1084 1936 high. 1135 1936 low.. 110.2 1928 high. 1044 1932 low.. 8638 (Compiled by the Associated Press.) By the Associated Press NEW YORK, July 28 —Government loans stiffened in a dragging market today. Domesiic corporate liens, led took the down to around a aped their tilted down. tions Youngstown 3 and Studebaker gave up around Bethlehem Steel 37s rose a mod: fraction. “Utilities tried to fight the down drift. Consolidated Edison 3';s im- proved around %, while American Water Wo & Elect and North American 55 were 1nac the fact the latter company has just turned in an improved earnings re- port. International Hydroelectric 6s fell about !,. Rails movii €ouri Pacific 5 Central 4%s an Southern Railway about 4. The fore Japanese is cans mixed. lower St included Mis- Paul 5s. IlI Plate perked kel 28 4s up n list showed losses in DIVIDENDS ANNOUNCED EW YORK prepar LRH Dividends tandard de- Statis per Goods Stee! banks More Btandard Cap & Seal increase Lindsay Lt & Chem 10c . Initial rew & Mal €iand Brands 450 cum pf SL12, @ Accumulated. pf_ Rilze 3¢ Am Pa 1 830 0 10 918 01 Co $3 vt Coal & Coke | | v s'steel ot Anaronda Wire & Ca D 00D DOZOD DOOOD O OH D A pf Elec Shareholders SEiptteg Electrographic Electrozraphic Do pf Do pf & S Kresge &'andard Cap Do conv pf Tampa_Elec X—Or 44-1 000 of a shi option of holder. J Brach 2000 0000 More ons & Conr Canada A SUIOT e 00 20000 bond | in spite of | with South Ameri-: | Potand 8550 | Ri. NANCIAL. By private wire dtrect to The Star. All time shown below | | on which the Exch davlight sasing is now operating. Approximate Transactlons Today. U SGov't Bonds..., 240,000 Foreign Bonds 970,000 Domestic Bond: 5,240,000 TREASURY. High. 98.31 1036 1 101.19 101,18 100.16 100.11 100,12 100.7 1019 1015 104.2 102.18 105.15 10 106, 105 107.12 112.9 106.29 2148 1949-53... 288 194 2105 1948251 U(;“: 1 100.12 101 104 103.16 105.15 331946-48 33 1951-55 3145 1946-40 3158 1040-52 3ls 1044-460 s 1040-45 une 3368194347 45 1914-54 433180 48 1047 FEDERAL FARM MORTGAGE. 331949 103.8 1035 103.8 3181964 103.31 103.25 103.31 HOME OWNERS' LOAN. 101.29 101. 1019 1016 101.9 103. 102.28 103, FOREIGN BONDS. High oo 931, 1011 1004 1007, 10043 1013 . 1021, 106 107 1031 1607 FE 101.29 Low 975 a31e 1011« 10044 Abitibl Pa&Pw 5553 Argentine 4372 | Argentine 4135 T1_ | Argentine s 57 A | Argentine s ‘59 Argentine fis ‘G0 Sept Argentine fs 61 May Australia 41,556 10044 100 1004 1023 Brazil §s 41 Brisban, Brishan Brishane 3 Buenos A C 6145 '55 Buesnos A 5581 Buen A 41,-42, | Buenos A 4125’76 Aug | Buenos Alres | 4%s-45is 76 April Buenos A47;8-43,8'75 Bulgaria 7s 67 Bulgaria 71;s'68_ | Canada 23545 Canada 38 ‘67 __ Canada 31,s'61_ Canada 4s '60 Canada is'52 reg_ | Chile 6s'60 | Chile 6561 Jan Chile 6s '61 Febr. Chile 68 63._ | Chile 7542 1 Chile Mtg Bk 6861 Chile Mtg Bk 6562 | Chite Mg Bk 6125 | Chile Mtg Bk 635’61 Colombia 65 ‘61 Oct _ Copenhagen 418 '53._ Copenhagen 5s '52 Copenhagen T 5s ‘54 Cordoba 7s '37 stpd | Cordoba s 42 prv___. | Costa Rica 7551 A. Denmarx 438’62 Denmark 514855 Dominic 2d 515840 | Ger Gov 5145 65 8t Ger Gov 5155'65 un st 5 | Ger Rep 7s 49 stpd Jap 633830 3 Jap Ts'44_ Greek Gov 63 '68 | Hungary Ti3s 44 Italy 7851 Ital P U Crd 7852 Japan 514865 Japan 615s'54 | Jugos Mte Bk 78'57__ Kreug&Toll 5559 cts Medelin 6128 54 Mex 4s'10-'45a88t sm Mexico 6s Sm Asst. Mex Ire 415 <43 asst_ Milan 61, | Minas Gers 615558 _ New So Wales 55 '57. New So Wales 5558 Nord Ry 6148 '50_ Norway 4s ‘63 orway 4% s 65 orwav s 43 Norw Mun Bk 5570 ental Dev 512558 Oriental Dev 6553 _ Oslo 41855 Panama §s'63 Panama 515853 _ Paris Orl Ry 5125 68_ Pernambuco 75" Peru 63 '60._. Peru 6361 Poland 7s 47 = 106 9 1q 194 19% 54 Porto Alegre 8s 317 Prussia 6s 52 Queensland 6s 47 Rhine W EI P 6s Rhine W El P 6s 1o de Jan 8546 Rio Gr do Sul 63 Gr do Sul 8s'46 _ Rounania 785 NEW YORK BANK STOCKS | NEW YORK. Ju.y ™% (P - eurity Dealers’ Association (Quotations as o New York Se- 2 o'clork.) Bid. Asked. | i | K 131 130 Bank of Man (113) Bankers' Tr () Brooklyn Tr (4) Cen Han Bk & Tr (4) Chase Nat (140) Chem Bk & Tr Commercial (%) Cont Bk & Tr_(R0) Ex Bk & T (3) re Tr (1) Nat (Bos) A8V @) Irvine Tr (60 Manufacturers’ Tr (2) 5 5412 Manufac | Natl ity 12l FEDERAL LAND BANKS NEW YORK. July 28 (#, Bank bonds. Federal Land Bid 1033 101 10215 CHIOAGO. J 49 trucks, firm ess_than 4!z pound i fryers. colored, White Rock broilers, colored. 20 Rock. 22 barebacks Le. Bprings. colored 1; Plymouth Roc White Rock. 2474 barebacks. 1t 14: Leghorn roosters. 1:: turkey 15: toms. 14: No. 2 turkeys. 13. d white and colored. 412 pounds up. small. 11: geese. 1 Butter. 14.61 ehanged.’ Egss. unchansed POTATOES. 74: on track total Dnited States shipments. 380 Western Russet Burbanks and White Rose slightly weaker. Cobblers siightly stronger, Wes! ern Triumphs sieady: supplies moderate: demand fair_ Sacked. per hundredweight California’ White Rose. U. 8. No. 1. 2.4 50: baker size, fair ‘quality Tdaho Bliss Triumphs. U. 8, No. 1,1 65: fine quality, cotton sacks. 1.75: Bliss Triumphs: U. 8. No. 1. few sales. £.35-35: Oovblers, ‘Missoust, ‘0 8, No. [ an y_g&i B showing de- thv. T Kansas, U. 5. commercials. fair quality. 1.15: Marsland. U. 8. No. 1. few gales. 1.40-50: Delaware. U. 8 No. 1, 150; Nebraska. U. 8 1_and partly aded. few sajes. 1.3 Orezon Bliss jumphs o few sales. 1.8 White Rose Burbanks, (#).—Poultry, 412 pounds 2073 Legh 0: Plymouth Roc! ) live steady, 11,687 prices steaay un- prices Washingto 25; Russe NEW YORK SUGAR. NEW YORK. July 2% (P —Sugar fu- tures were sieady today due to renewed eupport {rom operators and Cuban and | Philippine producing interest Trade selling and liquid the Tallies but there was s on reports indicating possibiii ion checked d support s 0f sugar legislation at this seision i Bot Con M 614534 No. 3 contracts were voint _highe in midafte an earlier advance of | o tember sold from 2.52 to from 2.43 fto 241, No. 4 contracts were unchanged to 1 cent lower.” September held around 1.21% end March 1.30'2. changed to 1 folowing | poin‘s. - Sep- 51 and May | | Sao Paulo S | Sao Paulo St | Yokohoma 68 '61._. | Adars Express 4s 47 | A T&S Fe TSCL 45 '38 | Atla & Ch A L'Ss 44 | Atl Coast Line 5345 Sao Paulo C 61 o Paulo C 88 284, 96% 32k 41t 35 5313 1047 75 761 T6% 100 304 69 RY, 72 9% 9% 0 Paulo St 88" Sao Paulo St §s°50__. Stlesia Prov 7s 58 Sydney 5 Talwan Elec 5%8°'71. Tokio 63861 Toklo E L Ltd 6s'53 _. Tyrol Hy El 7128 UnStl Wk 615847 A Uruguay 68 °60_ Uruguay 68’64 Uruguay 8s 46 Vienna €s ‘5. 35 53 1047a 5 61 764 100 30% 68% 681 72 99% 9% 75 6% T, 100 3014 69% 691 72 991 &1 DOMESTIC BONDS. 101%5 101% 10112 101% 10215 102 104 10 96 96 63 6210 10014 1001« 9Bl 981, 8013 7913 TR 106'% 10614 101%% 10115 10214 10415 Adams Express 4s "48 Adm Exp 4% 46 std Alb&Sus 3 Alleg Corp os 44 . Alleg Corp 63 '50 stp Allied Stores 4 0 Allied Stores ¢%s '51 Am & For Pw 5s 2030 Am [cecv 5853 AmIGChb5%s'49___ Am [ntl 51849 AmT & T 3%s 61 AmT& T 3%s'66___. Am T & T 43839 __. AmT&T5%s 43 Anaconda deb 474 Anglo-Chil Ni Armour(Del)1st 45'53 Armour (Del) 4s* Armstrong Ck 4s ' A T&S Fe gen 4895 . A T&S Fe dlps 48 AT&SFeC A 413562 A T&S F RMtdvis'6s 4 113 367 981, 9% 103 103 1L 111 109'4 1087 113% 113 106 106 114 14 113 113 1037 10315 9 96 9%, 9215 10415 104% 49 49 3 78 6913 664 105% 105% 68 6612 667 111% 111% 111% 9% 9% T9% TRy TN TTH 78 78 92% 92% 103% 103% 1025 102% 1124 11215 102 102 126% 12614 9654 96% 1045 1047 3% 73% 80t 80 T TTh 1 238 4 101% 1014 891, 89 89% 102145 102% 102% 4% 94 94 26 98 97 Atl Coast L 1st 43°52 Atl Coast L clt 45°'52. AtCLun4i;8’64 Atlantic & D 1st4s'48 Atl1G & W 1st 58°'50 Auburn Auto 4% & '39 B&O 1st ¢s 43 ref5s 95 A___. 6896 F _ ___ ref 582000 D_.. Oref6s'95C ___ B & O PLE&W Vis'4l B & O Swn 58’50 Bang&Aroos 48’5 1stp Becch Clst gt 313851 Bell Tel of Pa 68'60 C Beth Steel 3% s 66 _. Beth Steel 4% s 60 _. Bos& Me 4% 8'61J._ Bos & Me 68 ‘55 Bos & Me 55 '67 Bot Con M 6':s '3t ct Bklyn C RR 55 41 Bklyn con 3%s 66 Bklyn Man T ¢3;s ‘66 Bklyn Un E 6860 __ Bklyn Un Gas 6550 Tt 1014 | THE EVENING STAR, WASHINGTON, D. C, N. Y. STOCK EXCHANGE Bklyn Un G 58’57 B Buff R&P con 41,857 BCR& N 5s'34 ctfs_ Bush Ter Bldz 5860 Calif G & Erf 58'37__ Camag 18 42 ctfe . Canada So 68 '62 A . Can’dian NR 4%8 ‘58 Can'dfan NR 415867, Can'dian NI 4315 Can‘dfan N 6563 July Can'dian NR5s'69 Oct Can'dian N db 615846 Can'dian P db 48 perp Can‘dian Pac 4148 60 Car & Gen 68'50 ww_. Caro C1& O 5538 Carth & Ad 4s'81 gtd Cent BrU P 4s'48 Central Fdry cv 5541 Centof Ga5s'59C _ Cent of Ga con ‘45. Cent Ga Chat 4s'51 . Cent 111 E& G 6851 Cent of N J gen /8 '87 Cent of NJ #n 58'87rg Cent Pac 1st rf 43 49 Cent Pac 63 '60 Cert'd deb 53,848 __ Ches &0 31;8°96 D__. Ches & O 3%8°96 C& O con 5539 Chi B&Q gen 4 Chi B&Q ref Chi & E I11 5. Chi & E 111 58 ‘51 ctfi Chi Grt West 45°69__ Chi I&L gen 65’66 Chi Ind & So 48’56 CM&StP ¢s'89 CM&StP gn 4% 8'89 C CM&StP6s'15 41582037 41582037 C 45,849 W gen 58 ‘87 W rf 52037 | C&NW Nr W 6145 | Chi R I&P rf 45 34 Chi R [&P rf 48'34ctf. Chi R I&P gen 48 's8_ |Chi R I&P 4128 | Cht RI&P 435852 ctt |ChIR I&P 41,8760 _ | Chi T H&S 18t 5860 _. Chi T H&S [nc 53°60_ ChiUnSta81;,8'51 Chi Un Sta 33,863 E. { Chi Un Sta 4544 | Chi Un Sta 4863 5 | Chi & W In con 4352 Childs & Co 58'43_ CinG & E 31 Cin Un Term 5s CCC&St L gen 4593 CCC&St L rf 44 877E CCC&StLCWA&M4s'91 Clev Cliffs Ir 47, & '50 Clev Un Ter 43;s°17_ Clev Un Ter 5873 B | Clev Un Ter 515872 Colo F & I 55 10 «|Colo& So 4138 '80_ Columbia G & E 58 '52May _____ Columbia G&E 6861 Colum Ry P&L 48’65 | Comel Creait 33, ConsEAN ¥ 3%8'46. |Cons EdN Y 314 | Cons Gas NY 4145 ‘51 Consol 011 315851 Consum Pwr 31,866 Consum P un 31:8°65 | Consum Pwr 3% Consum Pwr 3% s 65 Container deb 5843 Crane Co 3158’51 Cuba Northn 61842 | Dayton P&L 3145 '60. Del & Hud ref 45 43 Del P& L 43,571 |DenG & Ess 518t Den & R G con 4836 Den& RG W 58" Den & RGW 58'55asst Den & R G ref 5578 Det Edison 3158 '68 __ Det Edison 43 65 F Det Edison 4%s ‘61 D Det Edison 58’52 Dul S S & At 53'37 Duquesne Lt 3% Elec Auto Lite 4552 Elgin J & E 5s'41_ Eriecons 45'36 Erle gen 45'96__ Erferef 5867 | Erieref 58°'75 | i | | Fed L1&Tr 65 42 Erie Gen Riv 6557 Fairbks Morse 45 '56_ Fed Lt&Tr 58 42 Fla EC Ry 53 '74 | Fond J&G 2s-4s'82 ct 1017 | Gen Mot Acc 384 106%, | Gen Mot Ace 3%s '51 Gen Stl Cast 5 Goodrich 43 Goodrich =45 *| Goodvear T&R | Grt Nr Ry 3%8'67 flia| Great N Ry 48 46 G __ il | GtNRgn4ks'T6 D Grt N Rv 48’46 H Grt NRgn 413877 E Grt NR5%s'52B __ | Green Bay 5362 B___ T3 Guit M & N 5O Gulf & Ship Irf 58'5 Gulf Sta Stl 4158 '61 2 24% | Gulf States Util 4566 1% | ook Val 415 *98 25 | Hoe (R) 18t mtg "44 __ 5' | Houston O11 5148 *40 Hudson Co G 1st 55'49 Hud & Man fnc 55 Hud & Man ref §s '57_ | Il Bell Tel 2148°70 _ 111 Cent col tr 4353 _. 111 Cent 4%s ‘66 11 Cent ref 485 11 Centref 5 = 111 Cent Lit div 38'51_ ICC&St LN O 58°63 __ 111 Steel deb 4 R Inland Stl 3% s'61 Int R T 1st rf 65’66 IntRT6s’32 IntRT 78'32 IntRT 7s'32 etfs_ Interlake Iron ¢ 47_. Int Grt Nr6s'56 B. Int Grt Nradj 68’52 A Int Hydro Elec 63 '44 Int Mer Marine 6541 Int Pap 15t 53'47 A ._ Int Pap ref 655 __ Int T&T cv 4 %889 __ Int T&T 4155'52 Int T&T 555 Towa C Lst, James F' & C 4 Jones& L St 4% s61A Kans C F S&M 4836 Kans C So 1st 38 °50. Kans G&E 414880 _ Lacleds G 513853 C... Laclede G 51,860 D_ L E & West'n 35 '47 Lake E&W 2d 5s Lautaro Nit 19758 Leh C&N Leh Leh Val Har §s'54 Leh V NY 41,840 gtd Leh V P con 18 2003 Leh V Pcon 41;8 2003 Len V RE con 53 2003 Lieg & Myers 7844 Loew's 3158746 Long Lsl ref 4s'49 s 03 s L & N unif 4s°40 L &N 44s2003C. StL3s'80 _ So Mon {t 48 S&N Ala 58'63. McKess&Rob 514850 Me C RRclt 4846 A_ MeC RR gn 41,860 A Man S 1st T3 s'42ctfs Manhat Ry 48’90 Marion Stl Shov 6s'47 Market St Ry 78'40 A Met Ed 1st rf 4348 Mich Cent 415879 Mil El R&L 65 '61 MStP&SSM cn 4538 MStP&SSM 58 '38 gtd MoK & T 1st 48°90 __ MoK&T4s 62B MoK & T adj 58'67_ Mo Pac 4s 75 Mo Pac 5365 A Mo Pac 5s '65 A ctfs__ Mo Pac 58 ‘77 F - Mo Pac is 77 F ctfs Mo Pac 5818 G Mo Pac §8'78 G ctfs Mo Pac 58 '80 H ct! Mo Pac 548 49 A _ Mohawk & M ¢s°91 Monong Ry 1st 48 '8! High 106 824 174 6515 100% 231 17 1137 1124 1159 1164 118 12474 Low. Close 105% 105% 81 f1 17t 651y 1092, 84 583, 101 a9t 1001, » 1031, 9 123! 104 1021, 1071, 1011 1003 45 105 S8 1061 21 1047 2 1100 | 1143 106% 431 106 109 11013 994 794, 7015 71 118% 1041 1021, o 12319 104 103 103'% 8% 63 42% 9515 8% 68 424 9543 101% 100 108!¢ 108 10645 105% 10215 102% 368 121 88 105% 1024 20 20% 20% 87 6614 67 163 39 317 36% 1114 88% 108 108 108 | Penn R | Penn R gn 43,865 | Phila Elec 3 | Seabd A- Utah P& L by Monong Pub 8 4%8'60 Morris & Ea 3% 2000 Morris&Essex 414855 Morris&Essex 63’56 Nashv C&St L 4518 Nassau Elec 4s'51 std Natl Datry 3% 8'51ww Natl Dis P C 414845 Natl Steel 48 6 & Newark C Gas 58 '48_. New Orl P S 58 55 B New I3 T&T 1st 5852 New Orl T&M 41,856 New Orl T&M New Orl T&M 5 N Y Central 3%s NY Central 3158 '97 NY Central 3% s 46 NY Cent con 4s 98 NY Centrf 434 NYCrf 43 NY Cent r 013 NYC Mich C 31,8'98rg NY Chi & St L 4s 46 NYC&St L 435878 . NYC&St L5%8°74 A. NY Chi& St L 6s 38 NY Dock 5338 . NY Edison 3% 865 D. NY Elisref 338 66_. NYL& W 1st4s'73__ NY NH& H 4857 NY NH & H cv 684 NY NH & H Cons Rys dnpsasEe e NY O&W ref 48'92___ NY Putnam 45°93 NYQueens con3158'65 NY Steam 1st 5851 __ 2013. 2013 n Niag Falls P 315366 Niag 1. & 0 5855 Niag Sh5%s 50 Norf & W 1st 45 ! North Am Co is North Cent Nor'n Pac ¢ Nor'n Pac 4s 97 Nor'n Pac 4348 2047 _ Ohio 1dison 3% 8’72 Onhio Idison 48 ‘65 Ohto Pub Sve 71 Oreg W RR 43 Otis Steel 41,8'62___. Pac Gas & F13%s'66 PacG & E33%s 61 PacG & E 4 Pan Am P C f8°40 Panhand EPL 4s '52 Param’t Pic 3,847 | Paramount Pic 6s'55 Parmelee 65 '44_ | Penn Co 4s '63 | Penn Dixie C 63" | PennO&D4s Penn P& L 41;8'81 Penn RR 3% Penn RR 33s'70 C Penn RR con 4s % Penn RR 4%s §1 D Ycon 43860 Penn RR deb 4148 '70 Peoria & E 1st 45 '40_ Pere Marq 1st 4856 _. Pere Marq 1st 5856 Thelps Dodge 3% Thila B&W 41:8'81 Phila Co 55 '61 2867 Phila & R C&1 58" Phila & R C&1 6s Philippine Ry 4s | Pitts& W Va 4145'60 C PCC&StL 41 nEl 435860 Port G E 55 '35 assd __ Postal Tel & C 63 53 Pressed St] Car 5s Purity Baking 5s'48 Reading R 4%3°37 B Reading Jer C 48 '51_ Reading R 415897 A Rem-Rand 4, s'56ww Republic Stl 4738 *50_ Republic Stl 434866 Republic Stl 4358 *61_ Republic St] 5158 '54 R G W 1steex in 45 '39 RIASL Ist4lss'34_. Rutland RR 416541 St To & GrIsl4s'47 Jo Ry L T&P t L-S Fran 43 L-S F 4850 A ctfs St LS Fran 41%s'78 St L-S F 4158'78 cf st StL'S W st ter 55°52 StPKCS L4841 San A & A Pass 48’43 Santa Fe P&P 55 '42 Schulco 612546 B stp Seand A L 6345 A 1268'35B ct Shell Un deb 3148 ‘51 Silesian Am 7s 41 Socony Vac 34850 _ South Bell T&T 5841 Southn Cal G 415861 S0 Colo Pwr 6347 A South Nat G 4148°51_ So Pac3%s 46 So Pacref 48°55 So Pac 435 '68 Pac4s 69 Pac 415881 ____ So Pac Oreg 4148 '17_ So Ry gen 45'56 A So Ry 5504 So Ry gen 63 56 __ So Ry 612856 SoRYM&O 438 __ S W Bell Tel 3%s ‘64 Stand Oil N J 35 '61 Studebaker cv 68 '45_ Swift & Co 3% 8'50 _. Tenn El Pw 6547 A. Term AsSt L 4s'53__ Texas Corp 315851 _ Texas & Pac 58 ‘79 C_ Texas & Pac 5380 D _ Tex & Pac 1st 55 2000 Third A ad in ex 58'66 Tide Wat Oil 3148'52_ Tol & Ohio C 3% 60 Un Oil of Cal 3%s°52 Un Ofl of Cal 6842 A. Union Pac33;8'70___ Union Pac 3%8'71.__ Union Pac 15t 4547 _ Un Pac 1st rf 45 2008 United Drug 58°53_ U S Rubber 53 '47 e It P & L5859 wi Ul P& L6%s'47_ Vanadium cv 5s ‘41 V C&P 18t 4138'34 ast Ver Sug 1st 7s'42 ctfs Va B & P 1strf 4s'55 Va Ry 1st3%s 66 A_. Va§ W con 58’58 Wabash 1st 5839 Wabagh 2d 5s '39_. Wabash 5376 B Walker H&S 414845 Walworth 48 ‘55 _ 7C s { Warner Broscv 6s 39 Warner-Quin 6s°39 __ Warren Brev 6541 __ W Sh 1st 45 2061 gtd_ West'n Md 1st 4s '52_ Westn Md 515877 __ Westn Pac 58 46 A est'n Pac h5'46 A as West'n Un 413850 Westn Un s 51 .. West'n Un 6860 - Wheel Steel 41:8'66__ White Sew M 6s 40 Wilkes B&E 1st 5342 Wilson & Co 48 '55 Wis C 1st gn 4s°49 ct. WisCS&DT4s'36_. Y'ngstn S&T 3%8°51. Y'ngstn S&T 4s°61... . U. 5. TREASURY POSITION. I By the'Associated Press. High 1084 89 841y 9315 9214 42 104 105% 106 1194 97w 12415 53 56 59 108 AR 103% 981, 105 88 8414 1058, 9974 106% 10515 100, 100 106% 861, /6l /51, 947 54 144y 103% 142 Low. Close. 105% BB 841, 931 92y 42 108% 105% 106 119% 9T% 1242 53 56 59% 106% 98 103% 981, 881, KRR 9914 90% 104% 841y 97 99 591 101 101% 978 20 39% 314% 21 831 104% 1051 142% 103% 103% The position, of the Treasury on July 26: Recejnts. %19,369,286. 195.7 T the fiscal year (since expenditures, T85.11; $18,045.547.74; balance, ! including $162.030.467. expenditures 95.079.92; 3,440.04. an increase of $ 01 over'the previous dav; gold assets. 42R.432.000 2K, including §1,197, nenditure: 636, £179. 15 s17 5 of inactive gold. of gross _debt, METAL MARKET. NEW YORK iy 0 expenditures, $2.613,960.- customs receipts for the month, Juy of ex- 268 (® —Copper steady. electrolyticspot and future 14.00: export. In, future. York, steady: spot. spot 587508 6.00- ot. 585 Zinc seady: E Louis. 5 ol aluminum. antimony. nd future. o Tekstiver: 7.00, num and scheelite unchanged. | prices. | this time because the facts are not yet | |u | sey. | baskets. flat type. 50-75. AVOC, WEDNESDAY, GENERAL MOTOR PROFITS REDUCED $22,000,000 Drop in Quar- ter’s Net Seen—Advance in Prices Weighed. By the Assoclated Press. NEW YORK, July 28.—A $22,000,- 000 drop in General Motors Corp.'s net earnings during the June quarter was ascribed in part to labor troubles today by Chairman Alfred P. Sloan, jr. Sloan indicated price increases were being considered because of risinj costs. In a letter to stockhol@ers, Sloan said the corporation had been unable to produce enough automobiles to meet consumer demands during the first six months of 1937 largely because of “wildcat strikes.” He said there had been “only 10 working days” from February 11, when the general strike was settled, to July 1, without “interruptions of some form or other.” “And all this notwithstanding the fact that the contract entered into with the United Automobile Workers of America specifically set forth that there would be no interruptions,” Sloan continued. “It is perfectly evident that what | has happened was occasioned through inability on the part of the union leadership to control their own fol- lowers.” Sloan reported the corporation’s net | earnings for the June quarter were | $65,731,000, or $148 a common share, compared with $88.108372, or $2 at share, in the June quarter last year. Net earnings for the six months were $110.545,266, equal to $2.47 a common share, against $140.572,546, or $3.17 a share, in the first six months of 1936. Forecasting a rise in the price of automobiles, Sloan said increases in the cost of labor and materials must of necessity be reflected “in the form of a substantial increase” in selling “Just how much this must be” he added, “it is impossible to state at| available.” Washington Produce prints. 38; a0 score !s-pound prints. 38 22: calves, 1 Fall lamb 3. frozen pors fresh hams 19 smoked hams, siab bacon, 0. compoy 24 tresi shiced d. 13 igs, 103,a11: light hogs 113.a12: 220-250 heavies 107al03, Caives, a0 net £ o b Wash- of ally steady graded and dated large. 40, U. € S, standard LIVE “POULT Prices heavy 19820 Toosters. Roc 2a inchan, No. 2 2a pounds poun Keys h Fruits and Vegetables Sales In large lots by original receivers 08 am today PEACHES No carlot a ken car on track Truck receip: ate. supplies moderate. demand ki bushel bas. up steady North Carolina 2 inches arrived, two unknown cars on track recemncs liberal. supplies liberal market steady. Ny Wat freight truck K demana Carolina recepie A b rece <¢ PPLES—Bushel inch minimum as to size: wealthvs nch minimum 3 21z-inch mini- 100-1 fef small and over- e, all varieties 25-35° few 50 CANTALOUPES - Approximately 000 erates. North Carolina. by express. ar- rived:” truck rec moderate. supplies mocerate: demand light: market weak North Carolina Rideewav section Salmon Meats ‘standards, all sizes, labeled unlabeled 100 HONEYDEWS—No carlot arrivals car diverted” one broken and one unbroken cars on track. Supplies light: demand lght: market steady. California. standard and jumbo cantaloupe crates. all sizes 1.25-1.50 HONEYBAILS—No carlot cars on frick. Supplie light: mark i and 4552 057 B0 CELERY —-No carlot arrivals: one hroken ear on track. (Correction—Tuesday's re- port should read one broken car on track ) Supplies moderate. demand lLight. market New York 2 individually 3-6_ dozen. Michigan. ls. 85: 1, crates. 1.75-2.00. LETTUCE—Three ~ California arrived eight broken and five unbroken cars on track. = Supplies liberal: demand light market steady. California. Western crates Icebers type. 5-dozen. 2 few. 325 poorer. 1.00-150. New York. Eastern crates. Big Boston type. 2-dozen. 50. Onion Prices Steady. ONIONS—One Washington arrive unbroken car on track. Supplies demand light: market steady. 5 sacks, vellows' U.S. No. 1. N Pennsylvania some’ wasty No carlol arrivals: two broken Supplies moderate: demand Steady. hel hamners, Telephones. Colorado. fair condition. 1.50- 1.75: Washington. 7 0( New York. bushe! baskets. 1.00-1 poorer lower. POTATOES—Truck "Teceipts moderate; supplies moderate: demand light: market steady._ 100-pound sacks. Cobblers. U No. 1. Eastern Shore. Maryland. 1 Virginia. 1.15: New Jerse Pennsvivania_very few sales. 1.25. TOMATOES—Trick receipts modarate supplies mioderate: demand light: market steady. New Jersey, 17-quart climax bas- kets. 40-50 LIMA BEANS—Supplies moderate: de- mand light: market steady. Eastern Shore. Maryiand. bushel baskets. 1.40-1.50; poorer lower. CCORN—Supnlies moderate: demand light: market steady. Maryland. sacks, 5-dozen. 1.00-1.25 SPINACH-—Supplies moderate: demand light: market steady. —Bushel baskets Savoy type: Pennsslvania. 7. New Jer- 100 ORANGES—Two California arrived: two diverted: three broken and two unbro- n cars on track. California. boxes, 4.00- 6.50_as to grade and size. LEMONS—No_carlat arrivals. on track. California. boxes 8.00: No. 2. 6.50-7.00, c ROTS —Pennsylvaniz. o7en_bunches. BLUEBERRIES—New Jersey. cultivated. quarts. 30-: s, 15-20 Broccoli—Pennsylvania.” bushel i “SNAP _ BEANS—Pennsylvania. arrivals: no ight. demand fumbos 50-2.75; standards. 45s one bro- | No. | crates ‘bushel 'ADOS—Florida. flats. 1.00-1.50. uBEETS—Pennsylvania, 20-25. per dozen BLUMS—One California arrived: _one unbroken car on track. California. West- ern boxes, Wickson, 2.00-2.25. 3 boLIMES Flolda. 44 boxes, 2.50-3.50; % xes 1.25-1.7 2 JECTARINESCalitornia. boxes, 2.00- o kw:' EET | POTATOES—Alabsma. bushel - whites 7 " PINEAPPLESCuba. crates. 3.00-4.00. 3t *® RBBAGE—Pennsylvania. 1%-bushel hampers 50-80. APPLES—One California arrived: one unbroken car on track. CUBA SHIPS MORE SUGAR. NEW YORK, July 28 (#)—Cuban exports of sugar from January 1 to July 24 totaled 1,751,212 long tons, raw value, compared with 1,701,108 tons in the llke period last year, ac- cording to Havana advices received by Lamborn & Co. Truscon Steel Co.—Common share | Washington Loan & Trust Co.—6 at | Amer. JULY 28, 1937. Adams Is Elected Board Chairman Of Air Reduction| By the Associated Press. NEW YORK, July 28.—C. E. Adams, president of Air Reduction Co. today was elected chairman of the board, and C. 8. Munson, vice president, was elected president. F. B. Adams, who has veen chairman of the board, was elected chairman of the Executive Committee, a new office. In his new post as chairman C. E. Adams will continue to generally supervise and control all business and operations of the company. Air Re- duction makes oxy-acetylene gases and equipment for welding and cutting, and has plants and warehouses hroughout the United States. 011,331,772 EARNED BY WESTINGHOUSE Six-Month Net Compares With $7,937,578 in Same 1936 Period. By the Associated Press NEW YORK. July 28.—Westing- house Electric & Manufacturing Co., for the six months ended June 30, today reported net income of $11.- 331,772 after charges, equal, after normal preferred dividend require- to $433 a common share against $7,937,578, or $2.98, in the like 1936 period. Allowing for the participation pro- visions of the preferred stock, share earnings in the latest six months are equal to $4.25 a share on the com- bined preferred and common. Unfilled orders June 30 aggregated $83.725.878, the biggest backlog since September, 1920. Orders booked in the first half of 1937 totaled $142.209.475 against $88,880,060 in the first half of 1936 Sales in the first six 1937 months totaled $101.861,631, against $77,228,- 167 1n the like 1936 period Billings in the year ended June 30 | were $179,102,495, against $137,520,705 in the preceding year. Fairbanks, Morse. Fairbanks, Morse & Co. and sub- sidiaries, makers of scales, internal combustion engines, electric motors and appliances, with principal plants in the Midwest, for the six months ended June 30, reported net profit of $1.003.032, equal after preferred divi- dends to $1.59 a commor share, against $786.614, or $1.35 in the first half of 1936. Commercial Solvents. Commercial Solvents Corp., for the quarter ended June 30, reported net | Profit of $360.606 after charges, but | before undistributed profits surtax, | equal to 14 cents a common share. against $501,773, or 19 cents, in the | preceding quarter, and $466.170. or 18 cents, in the June, 1936, quarter. WAshington E;cilange | Mergenthaler Linotype—10 at 44, 10 at 44, AFTER CALL. Capital Traction 55—$1.000 at 86 Potomac Electric Power 5!2% pfd.— 5 at 112 290. Bid and Asked Prices. BONDS. PUBLIC UTILITY. % Tel & Tel Anacostia & Pot Ang. & Pot C & P. Te Cap. Traction 428 ash. Gas 5s 19801 Wash. Rwy. & Elec. 4s MISCELLANEOU! Chevy Chase Club Ist 414 Col. Countrs Club 1< 4%s W. M. Cold Storage 3s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel (9 pital Transit Co. N & W Steamboat (1) Pot. EL Pow. 7, pfd. (f) Pot: El. P 5127 Bf. (550 Wash Gas Lt new ( Wash. Rv. & Fl. com Wash. Ry. & El. pfd 1040, BANK AND TRUST COMPA! Amer. Sec & Tr. Co. (eS) Bank of Bethesda (h Capiial (4) Com. & Savings (e10) Liberty (1) Lincoln (6.25) Natl. Sav. & Tr Pr. Georges Bk. & Tr. Riggs (eR) Riges fd. (5) Washington (8) """ Wash. Loan & Tr. (ef) ‘ (500" American (6) Corcoran (5) Firemen's 1.20) National Union (.60) - TITLE INSURANCE. Columbia (30) _ Real Estate (6) MISCELLANEOUS. Carpel Corp. (2.00) Lanston Monotype (+4) Lincoln Serv. com. (¢1.00) Lincoln Serv. pfd. (3.50) _ Mergenthaler Lino. (2.00) Peoples Dr. §t. com. (#1.00) Pecnles Dr. St. pid. Real Est. M &G. pf Security Storage (5) Ter. Ref. & Wh. Corp. (3) Wdwd. & Loth. com. (+1.50) Wdwd. & Loth. pfd. (7)___ 116 *Ex-dividend b—Books_closed, +Plus extras. e 2 h75c extra 46c paid Decembe er—Ex-rights. *—S be paid out of surplus July - 123% Liberal Income— Safe Principal FIRST MORTGAGE NOTES Conservative appraisals and se- lected properties make our first mortgage notes unusually desirable SHANNON & LUCHS \ Members of the Washington Real Estate Board 1505 H St. N.w. Natl. 2345 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation | Septemrer, FINANCLA FARM GAINS AID STEEL INDUSTRY Sales of Equipment Firms Spur Activity—Rate at 85 Per Cent. he Associated Press. NEW YORK, July 28—Activity in farm equipment industries, coincident | with abundant crops and high pm‘ea.} is the outstanding bright spot in the steel industry at the moment, Iron Age said today in its weekly review. “Not only is business from Amer- ican farms far above the average, the trade journal said, “but there is also good demand from abroad for farm machinery, especially tractor- drawn. There is a broad reflection of the farm situation in tin plate and cans.” The review said “spotty” improve- ment in general business had been sufficient to convince the tradg that the bottom of the Midsummer reces- sion had been reached, although there has been no pronounced reversal of | the recent downward trend of new business, except at Chicago, where the favorable farm outlook was more in | evidence than in areas farther West. | “Steel production is in a contra-sea- | sonal advance,” the publication stated “although there may be downward adjustments before the Fall buying movement gets into full swing. Pro- duction for the week is estimated at 85 per cent of capacity. “The automobile industry is not yet buying heavily for 1938 models, but | additional steel business from that | source is expected within a few weeks. | In general, the demand for steel other than that covered by contract commitments, is light, but not un- usually s0 for this time of the year. “Fabricated structural steel lettings, | in small volume for some weeks, have | risen this week to more than 22,000 tons.” The review noted scrap steel prices have advanced sharply without bene- fit of much buying by mills. The Iron | Age composite advanced to $20.08 a ton, or $3 above the low point of the | vear and $1.84 under the 1937 peak | reached late in June. CHICAGO LIVE STOCK. L. **3 A—19 IN BONDS ON ELECTRIC POWER OUTPUT DECLINES Week’s Drop of 1.7 Per Cent Leaves Total 7.6 Per Cent Above 1936. By the Associated Press, NEW YORK, July 28 —Production of electric power in the United States for the week ended July 24 was 2,- 5 6,000 kilowatt hours, a decrease of 17 per cent from the previous week's total of 2.298005.000 kilowatt hours, but a gain of 76 per cent over output in the same week last year of 2.099.712,000 kilowatt hours, the Edie son Electric Institute reported today. The decline, which was contra-sea~ sonal, carried the Associated Press index of power production down to 122 from 1226 in the previous week. The index, adjusted for seasonal and long-term trend, §ood at 114.4 a year ago. The range for recent years follows: 1937. 1936. 1935. 1934. 1933. High .1226 1193 1055 874 919 Low -116.3 1020 94.1 919 8032 The institute reported the following percentage increases in major geo= graphic regions: New England, 85; Middle Atlantic, 74: Central indus= trial, 9.8: West Central. 19; Southern States, 12.1; Rocky Mountain, 15.2; Pacific Coast, 7. 0DD-LOT DEALINGS. By the Associated Paess The Securit mission reported toe day these od ransactions oy dealers nd_spec e New York Btock Exchange for July %% i sales to cus- omers involving 164 <hares 5,680 purchases involving 141.800 shares, es RUBBER FUTURES. NEW YORK. July 28 ( —Orude rubbar futures opened auiet. 4 lower to 2 higher. September. 1%.40-42, December, 18.51-35§ March, 1865, OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM’S FURNITURE HOUSE 1416 Eve 8t. N.W. Phene NA. 2184 CHICAGO July (United Bt Department are). —Hogs. 10.- 000 ) direct: mostiy 10 lower average. packing sne bulk. 2ood ana | 5a80. fen 1705 and 0" pounds 800d DACKINg sows lightweights. 100 calves. lings steady to o weak sesday s 10 lower most 10.25a 1115225 | fed steers | lower: most steers and des “steady ing decline several loads he; 1y prime_loac bein 15 00a medium 10 he 1 short-fed prime heifers to heifers demand at firm. bulls active v mostly o hT08a cows and 00 scarce 5_hicher Sheep & hightly choice done steady. 10.000. includ. lambs slow sorted. 11.00a7 held_above 1150 on Idahos and slaughter ewes most matives o packers: few Ae Yet nothing | vearlings: Jeariings: ‘sheep MONTREAL SILVER. MONTREAL. July 28 P —Eilver futures opened steads. ‘unchanged July. 44.80b, December, 44 b—Bid Free to Executives 19 Bank and Trust Company Statements A reprint of reports of condi- tion of 19 Banks ond Trust Compenies of Washington, D. C., as of June 30, 1937, which ap- pecred in The Evening Star. Invaluable reference booklet. Free on request to Executives ond Investors. Address Ad- vertising Manager, The Eurning Star iii;st Mortgage Money For 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 Safe Investments First mortgage notes, 6% servatively appraised, new buildings in Washington and neas- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Marylond. Denominations of Established Nearly 40 Years FIRST TRUST LOANS LONG TERM 3% per month per $1,000 includes interest and pay- ment on pr al. Pays loan - a No wal ALSO 4 &) $6.60 BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K S§t. N.W, NA. 9300 Are You PLANNING TO BHILD? W: LEND you a sub- stantial portion of the cost of your home...youre- pay it manthly—like rent —or in whatever way is most convenient. Low in- terest rate—55. Up to 20 years to repay...no re- newal costs or refinancing expenses. Enjoy security and peace of mind. Talk with us about our Mort- gage Loan Plans. WEAVER BROS in¢ REALTORS Mortrars Luan Corraspmdent Marpoittan Life Insurance Company WASHINGTON BUILDING DISTRICT 9436 Easy Monthly Payments as low as $7.50 per $1, —— No commissions or re may be paid monthl our economical loan p! 000. newals. Taxes y. Investigate lan. COLUMBIA BUILDING ASSOCIATION 716 11th Street earnings, six months ended June 30, were 14 cents, against 27 cents. 1A 0 K St, N.W. NAtL 1403 Opposite Palais Royal