Evening Star Newspaper, July 29, 1937, Page 17

Jpeere & <o FINANCIAL RAILROAD BONDS REGISTER LOSSES Weakness of Junior Group Cuts It From Generally v Narrow Range. Bond Averages 20 10 10 10 Rails. Indust. Util. F'gn. Net change. —3 -+.1 +. -.1 Today noon. 73.0 Prev. day- 2.9 Month ago. 727 Year ago - 69.3 1937 high 74.1 1937 low 70.5 73.0 1936 high. 1936 low. 86.9101.8 99.3 67.6 1932 lo 458 40.0 646 422 1928 high___101.1 98.9102.9 100.5 10 Low-Yield Bonds. Prev. Year ago-111.8 1937 low_. 108.4 1836 low.. 110.2 1932 low.. 86.8 92.0103.0 98.1 9231029 98.0 91.71026 962 93.6 103.5 102,5 - 99.0104.4102.8 9091022 958 98.2104.4 103.1 Month ago 110.6 1937 bigh. 113.7 1936 high_ 1135 1928 high_ 104.4 (Compiled by the Associated Press.) BY the Associated Press. NEW YORK, July 29.—Weakness in secondary rail loans cropped out in late trading in the listed bond mar- ket today, cutting that group loose from a generally narrow range for the balance of the list Losers of fractions to nearl points included Great Northern 4s, Illinois Central 4%s, New York Central 5s, Nickel Plate 4',s, Southern Rail- way 4s, New Haven 6s. St. Paul 5s and 1 Chicago & North Western 4 A decline of well over a point for @Cuba 5'25 stood out in the foreign group as further hitches were reported in negotiations for resumption of pay- ments on Cuban loans. The undertone was good in United ' States Government loans, with some €ains ranging (o 7-32 of a point, along | with a few minor Josses. DIVIDENDS ANNOUNCED NEW YORK. July dends de- ¢lared (prepared by the Q Statistics orp.) Extra, Nat Un Fire Ins Initial Williams (J B) Co e Q Do. pf Toe Resumed. 1 Omitted. Federal Motor Truck. Accumulated. »f sl Reguiar. ide: Ehi Mail Order Deere & Co Hooven & 000 OO Amer Tobacco Amer Tobacco Holophane Co Merck Merck bf Un Gas €7 1st pf Vanadium-Alloys SEW YORK BANK STOCKS NEW YORK. July 20 @ecurity Dealers' Association (Quotations as of 2 o'clock.) B 00D DOO Bk of Man (1'3) Bankers Tr (2) Bklyn Tr_(4) Cen Han BK & Tr (4) Chase Nat (140) Chem Bk & Tr (1.80) Commerctal (%) Cont Bk & Tr ( 80) Corn Ex Bk & T () CHICAGO LIVE STOCK CHICAGO. July %9 (P (United States | Department of Agriculture) —Hogs. & (000, | including 1.500 direct: fairly active. 10-15 gher than Wednesday's average 3.10. bulk good and choice nds. 12.70-1:3.00: segeral loads 1 buichers from 240-500 pounde. mostly 150-170 pounds. 12.60-95: good FAEMHR sows. largely 10.40-1 light weights to 11.40 and better. Cattle, 4.500; calves, 1.000: shipper demand narrow: choice and prime steers slow. weak: other grades fully steadv: eneral steer and searling market less ac- ? e than Monday. but largely steady to - higher than late last week. with me- dium to good grades showing most advance outside of a few loads of prime steers bringing new top prices: early top 16.50 logds held for d 7 stockers and (erd she stock firm to br(t 1!.] hs fers. 15.00: bulls higher with best sausage offerings bri freely: fat bulls 50-8.50: mo: vealers 50 higher at 1100 w _selects 1%.( ‘Qsht‘ep fill(hl including 6.000 direct: active Spring lambs and vearlines steadv to strong. native Sprine lambs upward to AL el e el ot 75t 11 'S" 80: load medium light ght X'75; sheep frm: slaughter ewes it 1 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.\ Bldl Offer. Amer T & T 5las * 11234 Auburp Auto 4. 7612 Baldwin Loco WKS 54 40 California_Packing 55 '4 Carolina. Cl & Ohlo Chesa & Ohio 5s ' Edison Elec Iluminat 4s Gen Bublic Service a1as Grand Rap & Ind 4 Sibnston Ol sias 10 Internatl Mercan Ma 6s Internatl T & T 4'ss Tacieae ‘s Lignt Lehigh Valley Coal 65 Lenign Valley Term ong Island Gen 1 Dafsvitle & Nachyile 45 40 Tichigan Central 4s 1 Midland RR of NJ Milw & Northern '4las 10814 10315 o Penn-Dixie Cement 65 41 Pennsvivania RR 4s Warner Bros 6s '39 " Western N Y & Pa 45 '43 _ ‘Western Union 5s '38 PARIS BANK CHANGES PARIS. July 29 (®—The Bank_ of ;nnce statement, for the week ended July 3_(in millions of francs) "S55 unchanged: sight unchanged: bilis pur- unchanged: ‘discounted . France. 8.870. increase, 4; temporary advances (o ‘state (prior to June 18. 1936). 12,126, unchanged: temborary ndv-ncu to juate (since June 1R against. sscutitics. ecirculation, 87.911 t credit to 'current 50, in- Erease. 82: “B0-dny advanecs againet gou- ernment “securities 734. decrease, 41; rate of discount. b per cent. 0DD-LOT DEALINGS, By the Associated Press. The Securities Commission reported to- day these odd-lot transactions by deslers ,ihe New York Stock Exchenge for Julz 27: 5.2 : 5.204 sales to cus- tomers involving 140 538, shares: purchases involving 1 3 shares, SANTA FE LOADINGS UP. NEW YORK, July 29 (#).—Carload- ings on Atchison, Topeka & Santa Fe R. R. for July are running 19 to 20 per cent ahead of the same period last year, 5. T. Bledsoe, president, reported. # —New York | All time shown’ below on which the Excl TREA 218 1949-53 .. 238 1945-47 23,8 1951-54aue 2% 31956-59... 2%31955-60. 31,8 1944:46 3% 3 1940-43June 418 1947-52____ 117, 381949 3®1964. 2%,81939-49 3s1952___. Abitibl Pa&Pw 5363 Asr Mtg Bk Col 6347 Antioquia 78 '45 B_. Antioquia 78 '¢5 D_. Argentine 43’72 _ Argentine 4138 "T1_ Argentine 68 ‘69 Oct . Argentine 6s ‘60 Sept. Argentine 6s°60 Oct... Australia 4138 '56.. Australia 58 '57 ... Berlin 645 '50 Brazil 6128 '26 Brazil 6348 °27-'57_. Brazil s Brazil 8s 41 Brisbane 53’57 Brisbane 6558 _. Buesnos A 35’84 Buenos A C 65 '60 ch | Buen A 434-43 | Buenos A 435 Buenos Alres 4% 5-4%3 76 April_ | Buenos A41; Bulgaria 736 Canada 23 s'(a Canada 4s 60 Canada 6s '52 Chile 6s'60 Chile 63 °61 Feb Chile 6561 Sept.. Chile 6363 Chile 7s ‘42 Chile Mtg Bk 6561 - | Chile Mtg Bk 6562 | Chile Mtg Bk 6% 561 | Chilean Mun L 75 60 | Colombia 6361 Jan__ 2 | Colombia 6s '61 Oct__. | Copenhagen 6s 5 | Costa Rica 7551 A. [ Cuba 413549 Cuba 65354 Denmarx 4% Denmark 5%s '55 Denmark 6s ‘42 Finland 6s Frankfort 63:s'53___ Ger Gov 5%s 65'st Ger Gov 5% 565 un st Ger Rep 7s 49 stpd .. Greek Gov 68 '65 Hamburg St 6s°46.__ | Hung Con M 7128 *45_ Ital Crd P W 7547 B_ [tal PUCrd 7s 52 .. Japan 513 6o Japan 6%s ‘54 z Kreug&Toll 5s'59 cfs | Mex 451045 asst | Medelin 615854 Mexica 45 °54 asst_ Milan 6%s ‘52 Z { Minas Gers 615558 __ Minas Gers 6 Nord Ry 618 Norway 4s 63 Norway 43865 Norway 6s 43 Norway 63 '44 Oriental Dev 6853 Oslo 43855 Panama 5%s'53_ Panama 53 '63 & | Paris Orl Ry 5325 °68_ | Pernambuco 7s 47 Peru 63 °60_. Peru 6361 Poland €s 40 .. Poland 7s '47. Poland 88 50 Porto Alegre 7 Porto Alegre § Prague Gir Tl%s'52 Prussia és 5 Queensland 65 ‘47 Rhine Rhur 6s 53 Rhine W E1 P 6s'55__ Rio Gr do Sul 68 '68__ Rio Gr do Sul Rio Gr do Sul Rio Gr do Sul 8s*46__. Roumania 7859 Sao Paulo St 65 '68_. Sao Paulo St 78 40_. Sao Paulo St 78 56_. Sao Paulo St 88 *50_ Serbs 7862 _ Stlesia Prov 7558 Tokio 5552 Tokio %8 61 Tokio E L Ltd 6. Tyrol Hy E17%s’5 Un Stl Wk 613547 AL Uruguay 60_. Uruguay 68 '64_ Domestic Bonds._. URrYy. igh 2 103.11 1 10015 1s daylight saving ing. | Cent Pac 1st rf ¢s°49. 109% 510,000 860,000 4.740.000 Low. 98.30 2 11 103.11 100.16 100.18 100.9 100.15 101.10 101.16 105, 105.2 103.16 103.16 Close. 99. 106.30 106.30 105. 5 107.11 107.11 110,23 110.23 1112.11 106.30 107.1 bl L FEDERAL FARM MORTGAGE. 103.10 103.8 103.30 103.28 103.29 HOME OWNERS’ LOAN. 101.10 101.10 101.10 103.3 103.10 103.1 103.2 FOREIGN BONDS. High. Low. Close. % 97 97 2319 2314 131 131y 131y 1013, 10043 1006 10083 10215 106 241 443, 101 10048 100 10083 10214 106% 2414 10033 1004 10043 1021 106Y% 2414 443 445 46'% 547y 1013 10274 6. 1005 83 84 /3% B7ly 90 91y 28 29% 943 49 107% 107ia 1075 2 113% 1134 20% 20t 201, 204 208, 201, 10018 3014 691y 69 l()fl' 30 687% 687y *IGrtN Rgn4iss Yokohoma 6a "61.. 80% DOMESTIC BONDS. Adams Exp 438’46 _ 1025 1024 Adm Exp 41,5 '46 std 102's 101% Alb Per W P 65’48 ww 66 80 Alb&Sus 3155’46 gtd.- Alleg Corp 5 4. Allex Corp b 49_ Alleg Corp 68 '50 stp Allied Stores 41;8'50 Allied Stores 43551 Am & For Pw 68 2030 AmT & T63%s 43 Am Wat Wks 68 °75__ Anaconda deb ¢% 860 Armour(Del)1st 48'65 Armour (Del) 48 ‘57 A T&S Fegn4s'95rg ATE&S Fedls 48 _ Atl&Ch A L 415844 __ Atl Coast L 1st 45 °53. Atl Coast L clt AtICL un 4% Atl Coast Line bs " 15 Atlantio & D 2d5s'48_ AtIG & W 18t 6869 Auburn Auto 4% s'39. Bang & Aroos § 4:. Beth Steel 3%8 Beth Steel 4% s l Bos & Me 6555 _.. Bos & Me 6367 . Bos N Y A L 48'55_ Bot Con M 6%s ‘34 Bklyn Ed con 3% BKlyn Man T ¢%s ‘66 Bklyn Un EI 63 '60 Bklyn Un Gas 58 '45_. Bklyn Un Gas 58 ‘50 Buff R&P con 438’57 BCR&N5s'34ctfs_ Bush Ter Bldg 58 60 Camag 7s 42ctts Can‘'dian NR 4%8°66 Can'dian NR 4% s ‘56 Can'dian NR5s'69 Oct Can'dian N db 6% 846 Can'dl ab Can’dian Ple “ Can'dian Pac 68 '54 CaroCl&O6s3'62 A__ Central Fdry cv 58'41 Cent 11 E&G 6351 Centof N J gen 68 ) 104 105% 105% 66% 661 110 1104 7% 17 231 101% 8915 - 1021 1141 94 66 24% 113% 115% 118% 124% 93% 103% 106% 111 11 102 102 102% 102% 102% 5 50 50 THE EVE Cent of NJ sn 58'87rg. Cent Pac 5860 Cent Steel 854 Cert'd deb 6%s 4 Champ P&F 4% '50 Ches & O 8145°96 D__ Ches & O 3%s'96 B__ C& O con 6839 C & O Potts Crk 45’46 Ch1 & Altref 3s°49 Chi B&Q gen ¢s ‘58 Chi B&Q 4577 Chi B&QI div 3 9 Chi B&QI aiv 4549 __ Chi&E Il 6s'61. . Chi & E 111 63 *51 ctfa Chi Grt West 48 '69__ CM&StP4s’89 CM&StP gn 4%8'89 C. CM&StP6s75. CM&StP&P adj5s2000 Chi & NW 41452037 C Chi & NW ¢%8'49 _ Chi & NW gen 58°87_. C&NW Nr W 6345 '36. Chi Rys 1st 5827 ___ Chi R'I&P rf 48 34 __ Chi R I&P rf 4s’34ctt. Chi R I&P gen 48°'88_. ChiR I&P 4% 862 __ Chi RI&P 416862 ctf. ChiR I&P 4%8°60 Chi T H&S Inc 6560 Chi Un Sta 33,863 E. Chi & W In con 48 '52. Chi& W Ind 41(s'62_ Childs & Co 5843 CinG & E3%= 66 Cin Un Term 68 '57 CCC&St L gen 48'93 CCC&StLrf 4% &17E Clev Un Ter 4%8°77. Clev Un Ter 5873 B - Clev Un Ter 548’724 Colo & So 4%8'80____ Columbia G & E bs '52 May__ Columbia G&E 6881 Colum Ry P&L 45 '65. Com Inv Tr 318’51 _ Conn R Pw 3%s°'61 A ConsEAN ¥ 31,846 Cons EAN Y 3%s Cons Gas NY 4345 '51 Consol Of1 336851 _ Consum Pwr 3%s 66 Consum P un 313865 Consum Pwr 3348 °70. Container deb 6843 _, Crown Will P 63 '51__ Cuba RR 1st 58°'52 _ Cuba RR ref 73s 36 Dayton P&L 3148 '60._ Del & Hud ref 4s ‘43 | Den & R G con 48 '36 Den& RG 4158 Den & lt(‘\V 5 Des M&Ft D 458'35 cfs Det Edison 31.8 66 __ Det Edison 4365 F. Det Edison 4148’61 D Dow Chemical 3 Dul S § & At 58'37 Flec Auto Lite 4s'52_ |Ertecv 48’53 B 1 | Erte ref 5s° a- Erieref 5875 Fairbks Morse 4s'56_ \!-elel&’l‘ru‘t 42 st__ Fla I2C Ry bs T4 Fla ECRy 5374 ctfs l(ien Mot Acc 3845 __ Gen Mot Acc 3%s *51- | Goodrich 4% Goodrich 6s 45 | Goodvear T&R bs '57. Grt Nr Ry 3%5°67 | Great N Ry 45 46 G__ GrtNRy4s 46 H ___ |Grt NRrt4y%s'61 A | GtNRegn4? 6 D E Green Bay 53’62 B __ Gult Sta Stl 43,5 '61 Gulf States Utl] 45'66 | Gulf Sta Util 4345 '46 Hock Val 415 899 ___ Houston O1l 5%s *40_ Hudson Coal 5852 __ Hud & Man inc 55 '57_ Hud & Man ref s '57_ 111 Cent col tr 48’52 . 111 Cent col tr 48°53 I11 Cent ¢3%s'66 _ 111 Cent ref 5855 ICC&StL'N O 434863 ICC&St LN O 6863 __ 111 Steel deb 4348 40 . Inland St1 3%s'61_ Interlake Lron 48 '47_ Int R T 1st rf 5566 IntR T 7s ‘32 ctfs Int Grt Nr 5856 B___ Int Grt Nr 6352 A___ [nt Grt Nradj 68'52 A Int Hydro Elec 6544 Int Pap 1st 5347 A | Int Pap ref 6s'55 _ int T&T cv m.- 39 Jones&L St1 4% s'61A. KansCF S&M 48°36._ Kans C So 1st 38 50 __ Kans City So ref 68'50 Kans C Ter 18t 4s°60_ Kans G&E 4%,8'80___ Kings Co El 45 49 Laclede Gas 58°39_ Laclede G 6%s'53C_. Laclede G 613860 D_ Lake S&M So 3148’97 Lautaro Nit 19 Leh C&N 4%s'54 C LV NY 1st 45'45 gtd. Leh V P con 48 2003 __ Leh V RR con 53 2003 Ligg & Myers 6s'51__ Loew's 3148°46 Long Islref 4s'49___. Long Isl rf 4s'49 stp_ Lorillard 5s'51_. La & Ark 58 69___ L & Nash 3% s 200 L & N 1st 48 2003 _ L & N unif 45°40_ L &N 582003 B _ L &N P M4s'46 McCrory Strs bs ‘51 __ McKess&Rob 614860 MeC RR clt 4545 A_ Me C RR gn 4%5s'60 A Manati Sug 7%3'42._ Man 8 1st 734 s'42ctfs Manhat Ry 48’90 Market St Ry 7840 A Mead Co 6845 __. Mid RRNJ 6s 10 Mil E] R&L 6s *61 MilSpa & N W 4n'4T_ Minn & St L 58'34ctfs MStP&SSM cn 4s°38 MStP&SSM 68 °38 gtd MStP&SSM 61%s8°78__ MoK & T 1st 48°'90 Mo K & T adj 58'67_. Mo Pac 4876 Mo Pac 6877 F... Mo Pac 6878 G. Mo Pacific 55 81 I__, Mo Pac 6s°'81 I ctfs_ .. MoPacb%s'49A .. Mob & Ohlo 416877 Mohawk & M 4s°91 Monong Pub 8 414s'60 Monong Pub S 6: - Mont Pwr 3%s°66 __ Morris & Es 3% s 2000 Nashv C&St L 4s°78_. Nassau Elec 45’61 std N Hizh, Low. Close. 47 4T 47 109% 109% 87 97 122% 813 10614 97% 9% T4 1074 108 52 1113 110% 1085 111 30% 30 38 49 501y 23% un 2108 1097 58 1015 9914 106% 102ty 10474 10514 1041 107% 103% 100 104'% 1021 101y 1058 5l 60 104% 15 105 1104 1143, 1065 10214 41 109 81 993, 8L K08 708 1105 114% 1065% 102y Er 707 | 104 109% 114 105% 104 107 4 104% 110 10414 49 8414 85% 109 104 991y 107 109 4 1091y 105 104 103y 10915 1051 104 103% 1031 814 70 0% 415 9915 104% 105‘« 105% 102 102% 9414 9414 881 88, 2% 92% 41% 41 41 103% 103% 108% - 105% 105% 105% Natl Steel 4365 New Eng RR 45’45 New Or Ter 1st New Or T&M inc5s’35 New Orl T&M 6s'64 B New Orl T&M 5%a'564 NOT&M 65:8'54A cfs N Y Central 3%s'52_ NY Central 3158 °97 .. NY Central 33346 NY Cent 4842 NY Cent con 43 NY Cent rf 415 2013_ NY Cent rf 68 2013 _ NYC L Sh3%s'98 NYC MichC3% NYC&St L 1st 45" NYChi&StL ¢ NYC&St L 4%s'78___ NYC&St L 6%48°74 A_ NYChi&StLés38_. NY Conn 1st 41;8°53_ NY Edison 3% 65 D. NY Elisref 338 '66... NY G El HEP ¢8'40. 3% 3% 3y 1065 105% 106% 54 55 120% 120‘4 120% 6% 93% 98% 9814 98% 98l 984 91% 913 91% 49% 49% 49% 5514 b5% 5915 60 54% 5414 106'2 106'3 97 98 1034 103% 106 98 88 981e 91 903 10048 10414 8314 96% 9 99 109 109 109 101% 101% 101% 101% 100% 100% 113% 113% 113% [§ Y TASHINGTON, BONDS ON N. Y. STOCK EXCHANGE 8y private wire direct to The Star. High. NYNH& H 4s5°56.., NYNH&H 48'67__.. NYNH&H 4%s'67_. NY NH & H cl tr 6540 NYNH&Hcv 6 ’Cl NY O&W gen 48 NY O&W ref 48" flZ - NYQueens con31;8'65 N Y Rys 63’58 A stpd NY & Rich G 6s'51 NY Steam bl ‘58 NY Tel gen 4148 Niag Sh5%s8'50 ____ Norf So 1st ref 5s'61. Norf & W 1st 43 °96__. North Am Co 68'61.__. North Am Ed 5s 69 C. North Am Ed § Nor'n Pac gen 38 Nor'n Pac 4s'97 Nor'nPac4s'97rg__. Nort'n Pac 63 2047 C.. Nor’'n Pac 6s 2047 ... Ohio Edison 45'65__.. Ohio Pub Sve 7s’47_.. Oreg W RR 43 61 __.. Otls Steel 4 14862 Pac Gas & El1 3% s '66. PacG& E3%s 61.. PacG & E 4564 Pac T&T rf3%s'66 B Panhand EPL 4s '52 Para Broadway 3s ‘65 Param’t Pic 3% 8'47 . Paramount Pic 6s'55. Parmelee 63 '44_ Penn Co 4s 63 Penn Dixie C 6s'4 Penn O & D 41871 PennP&L4¢ 81 Penn RR3%s w1 Penn RR 3%s ‘70 Penn RR con 4848 Penn RR 4%8 81 D. Penn RR 41 s'84_ Penn RR con 445 '60. Penn RR gn 4%8°65_. Penn RR deb 4%s '70. Penn RR gen 5368 __. People G L&C 65 °43 Pere Marqg 438’8 Phelps Dodge 3% Phila B&W 4158 '81 Phila Co 5s°67 Phila Elec 814 110% 1041% 111% 1063 91 10414 111t 106% 91 993 103%, 107 101% 991 66 9% 1038 107 1014 a2 924y 1001 60% llm' " 4 ln yh Port Gen El 4%8 60 _. Pressed Stl Car 58 '51 Postal Tel & C 6s 'G3.. R-K-O 6s°41__ Reading Jer C 4 Reading R'47;8°97 A_ Rem-Rand 4% s'656ww Republic Stl 438 50 Republic Stl 434866 Republic Stl 4158 °61_ Republic Stl 5148 '54_ Revere Cop ¢,8°56__ Rio G W col R1A&L1st St LIM&SR&G4s' St LS Fran ds StL-S F 4850 A ctfs. St L-SF 41;8'78 cf st. StLSF58'50 Betfs_ San A & A Pass 4343 San An P Svc 6362 A San Diego CG&E45'65 Schuleo § Seabd A L Seabd A L 6 Seabd A L 63 Seabd A-F1 63'25 A ct Sharon Stlcv 41,851 Shell Un deb 315851 South Bell T&T 5841 Southn Cal Gas 45 '65 Southn Cal G 432861 South Nat G 413851 So Pac 3%s 46 So Pac col 4849 So Pac ref 4s So Pac 4338 '68._ So Pac 4148 '69_ So Pac 41881 So Pac Oreg 41 So Ry gen 48756 A. So Rv 53°04 So Ry 58'04 reg So Ry gen 63 56 So Ry 812866 So Ry St L div 4s'51_ S W Bell Tel 335 64 Staley A E 43 46 Stand Ofl N J 35 '61 Studebaker cv 68 Swift & Co 3%s8'50 Tenn El Pw 6547 A. Texas Corp 3%8°51__ Texas & Pac 6877 B_ Texas & Pac 58 *79 C_ Texas & Pac 6580 D Tex & P MPT 5%s ‘64 Third Av ref 4s 60 Third A ad in ex 5866 Tide Wat Ofl 313852 Tol St L & W 4550 _. Un Oil of Cal 33352 Union Pac 3%8°70 __ Union Pac 1st 48°47 __ Un Pac 1st rf 4s 2008 United Drug 58 °63.. Utd Utah L& T b8 44 A Utah P & L 63 '44 Util P & L 53 '59 ww_. UUHIP&L5%s 47 __ Vanadiumev 5s°41__ Ver Sug 1st 7542 ctfs V C&P 18t 4128'34 ast. Va E & P 1strf 4s'65. VaRy1st3%s’'66 A_. VaS Wconbs'58 ‘Wabash 1st 5539, Wabash 2d 5839 ____. Walker H&S 438 "45. Walworth 4s Walworth 6s 55 n Warner Bros cv 6s "33 Warner-Quin 6s'39 _ W Sh 1st 4s 2061 gtd_ West'n Md 1st 4s°52_ Westn Md 6138 Westn Pac 5846 A__. West'n Pac 6546 A as West'n Un 434850 __ 1001, 241, 3 108% 10474 961y 101% 10° 913, Westn Uncl tr 58 '38. Westn Un 5s'51 West'n Un 53 '60 Wilson & Co 4s°'55 Y'ngstn S&T 3%s 51 Y'ngstn S&T 4s '61_ 101% 911 897 10215 142 . 104 1014% 90y 9% 1021 14013 103% 141 104 U. S. FARM SALES INCREASE SHARPLY Volume Handled by Federal Land Banks Hits $20,937,000 in First Half of 1937. By the Associated Press. Sales of farms by the 12 Federal land banks in six months of 1937 aggregated $20,937,000, compared to $15,881,000 for the first half of 1936. Farm Credit Administration also showed today that farmers bought 6,757 farms and 1,114 part farms from the land banks in the January 1-June 30 period, compared to 5,496 and 894 respectively last year. ‘The New Orleans district, including Louisiana, Mississippi and Alabama, 2,413 farms were sold for $4,639,000, compared to $3,306,000 in 1936. ‘The second largest number of prop- erties was sold to Paciffic Northwest farmers. The sales by the 12 land banks: Springfield, Mass, 241 farms for $762,000; Baltimore, 547 for $1,461,000; Columbia, S. C., 789 for $1,253,000; Louisville, 363 for $1582,000; New Orleans, 2,413 for $4,639,000; St. Louis, 653 for $1,559,000; St. Paul, 569 for $1,780,000; Omaha, 305 for $2,051,000; Wichita, Kans, 499 for $1,712,000; Houston, Tex., 344 for $866,000; Ber- keley, Calif., 263 for $907,000; Spokane, 885 for $2,365,000. LONDON BANK REPORT. LONDON. July 29 (#.—The Bank of England statement for the week ended July 28 lin thousands of pounds): increase. 5.205. pSiculation. 27,516; increase, 138. Reserves, 5.069. blic deposits, Private depos- 3 251. Government Aeouritien 114541 ase. Other securities. 26,62 Proportion’ of ine” Dank's reserve to lla- bty lts (1040 per cent. compared with 2.40 las Rate 'of discount, 2 per cent, \ D. C JTRSDAY, REPUBLIC STEEL PROFITS REDUCED $487,251 Net Contrasts With $5,567,064 Recorded in Previous Quarter. By the Associated Press. CLEVELAND, July 29.—Republic Steel Corp. reported today net earn- ings of $487,251 for the second quar- ter, in which a strike closed some of its plants, compared with $5,567,06¢ for the first quarter, when no strike was in progress. ‘The report included Republic's sub- sidiaries, and was after deduction of all charges, including estimated Fed- eral income tax and surtax on undis- tributed profits. The Nation’s third largest steel pro- ducer said its net profit for the first half of 1937 totaled $6,054,315, com- pared with $3,022,09¢ for the cor- responding period last year, National Steel. NEW YORK, July 29 (#).—National Steel Corp., with major plants in the Detroit and Pittsburgh areas, reported today for the June quarter net profit of $6,013,077 before undistributed prof- its surtax, equal to $2.77 a common share, against $5,695.819, or $2.63 in share, against $5,695,819, or $2.63, in or $1.30, in the June, 1936, quarter. Certain-Teed Products. Certain-Teed Products Corp. re- ported for quarter ended June 30 net profit of $163,056, equal after allowing for dividend requiremients on prior preference stock to 8 cents a share on common stock. This compared with 71,211, or 97 cents a share on the prior preference stock, in the June quarter last year. Air Reduction Co. Air Reductior Co., manufacturer of welding and cutting gases, reported for the second quarter of the year net4ncome of $2,289 498, largest quar- terly earnings in the company's his- tory. This was equal to 90 cents a share of capital stock, and compares with $1,902,244, or 75 cents a share, in the comparable period last year. Company has plants and distribution centers throughout the country, Twentieth Century-Fox. Twentieth Century-Fox Film Corp. reported for the quarter ended June 26 consolidated net profit of $1.687,- 885, against first quarter profit of $2.- 067,598 and profit of $1.529,430 in the second quarter of 1936. Washington Produce BUTTER— 9" score, 1-i {e;mound prints. 43 ¢ 1-pound prints. 75: 1, market srong Ch acon, o; LI\F "STOCK—Pigs, 103,411 11 Yo, mediums, 1134l s, 11%all's: " heavie “taad: stag Prices paid shippers Wash- ingion By the United States Bureau of Agricultural Economics EGGS—Market irregular Government —graded Other grades steady 107210 United States ' cent lower. hennery wj Government graded unfi da eges. U. S. extras alnre. mediums. 23 LIVE POULTRY firm at unchanged heavy. 19820, No © roosters. 10." Chickens- 2 Rocks. Virginia. less than 21, pounds. 2%a 213 pounds and over. 23a”4: Leghor pounds. 18a20 Turkeys. OIld hens. 16a 170 old toms, 17a14 Fruits and Veretables. Sales in large 1ots by original receivers up to R am. today APPLES— Bu\hm baske:s Marviand. Pen Vi ree. Che broken ‘and three on track. Truck receipts liberal liberal: demand slow: market weak iina - bushel basket 5, U 8 No. onditio "Hilevs U t. 2.00: poor cmmun . a."bushel basket rived dition. 1.0 minimum South Carol U. S No. 1. 2'4-inch minimum Tuir conattion. i 36. Pisaim kets ‘Eiberias and Belles {en minimum. 0 P m:chmnv U. 8. No. 1, 2 armans. U.'S. No. 1. % Tpiom, practically " no demand. sales, tba1 00 ATERMELONS—One South P by S Truck receipts liberal, mand light: market olina, Carolina on track. supplies liberal: de- steady Tom Watson: ALOUPES — Approximately crates North Carolina by exoress arrived truck receipis moderate. supplies liberal mand slow. market weak % zes e Eastern Shore Maryland, crates. 75 o carlot arrivals: ack. Supplies light: de- a ht: market steads. California standard and Jumbo cantaloupe crates. ali THONEVBALLY No_carlot cars on track. Supplies light: demand light market_weak California, jumbos. 458, 250, few 2.75. standards, 45: CELERY—One New broken cars on track demand light: market I, crates individually 25-2.00, Salmon Meats. HONEYDEWS arrivals: no York arrived: two Supplies moderate steady, New York. washed, 3-6 Highballs, 8 E—Two California arrived: nine broken and five unbroken cars on track Supplies liberal: demand light: market steady_ " California_ Western crates. Tceberg tpe. B, dozen. 275 poor _condition. 0-1.50: New York, Eastern crates, Big oston type. = dozen, 50-ti0. Onion Prices Steady. ONIONS—No_carlot_arrivals: one broken car on track. Supplies liberal: mand slow: market! Fifty-pound sacks, vellows. U. 8. No. 1: New J 0- 1.00: "Pennsylvania. some wasty PEAS—No carlot _arrivals un- de- tw +| gars on irack. Supplies modérate: demand light. Egnnves‘ ket steady. Bushel hampers. Tele- Washington. New York, shel Dasketar 00-1.55: poor ” condi: tion. 50. POTATOES—Truck _receipts moderate; supplies moderate: demand light: markei steady. 100:b. sacks, Cobblers. U. 8, No . Eastern Shore. 10-1.1 Ivania 31800 55: New Jercey. 120" TOMATOES—Truck receipts moderate supplies moderate: demand light: ma New Jersey. 12-quart climax MIXED VEGETABLES—Ome Virginia one Washington arrived: one broken and ong unbroken ears on track. LIMA upplies moderate: de- mand slon: Marker Wtk Basern Ghor Md,. bushel hampers, 1.25: few higher. upplies ' moderate; demand light: market steady. New Jersey. bushel baskets. Golden Bantam. 75-1.00; Mary- 1and. sacks. 5-dozen. 1.00. SPINACH- —Wnnll:s maden!e demand market steady. Bushel baskets. Pennsylvania, New Zealand tybe. 50 New Jersey. Savoy type, 85-1.00 NGES—Two California arrived: one car_diverted; two broken Tee un- Broken' cars ‘on" track. Galifornia, boxes, 4.00-6.50. as to grade and size. LEMONS- California. boxes. No. 1, 7.00- 7.50; No 54 2. 6.00-6.! "ARROTS—Pennsylvania, 30 per dozen hunchbs BLUEBERRIES _New Jersey, cultivated. quarts. 30. ints. GoCOLL. Bennssivania, bushel erates, 1.50. enn- — NEW YORK SUGAR. NEW YORK. July 29 ( —Sugar fu- tures trading quieted down after early ac- tivity today. but the undertone was steady, reflecting activity and strength in raws Buying by operators and houses with Cupan connections accounted for the upturn in prices. Later scattered selling developed on fur- ther uncertainty over outcome of M:deral sugar legisiation plans. No. 3 reacted 1 point from the highs. but in the late afternoon was still 1 to 3 foints higher. September held ardund 2.54. and March sold from 2.41 to 2 40. No.*4" contracts were easter. ruiine 1 to 2% pointa lower on Augus liduldation and scattered selling with the lower Lon- don market. - August eontracts sold at 1.18 and March, 1.30. JULY 29, Seaboard Profits Up 154 Per Cent From 1936 Levels By the Assoclatea Press. NORFOLK, Va., July 29.—The net railway operating income of the Sea- board Air Line Railway gained 154 per cent during the first six months of this year as compared to the same period last year, a company report compiled for the Interstate Commerce Commission showed. For the first half of this year the net railway operating income was $2,- 956,000. It amounted to $1,162,000 for the same period last vear, which was a gain so far this year of $1,794,000. 168 FIRMS SHOW EARNINGS GAIN Total Reaches $345,402,- 313, or 13 Per Cent Above Same 1936 Quarter. By the Assoctated Press. NEW YORK, July 29—Second- quarter earnings of the first 168 re- porting companies were 13 per cent above the comparable period a year ago at $345402,313, a compilation by the Associated Press showed today. The rate of gain over the previous year dropped substantially in the latest quarter, the result primarily of drastic declines in profits of General Motors and Chrysler. Rising costs and inability of the big motor makers to operate at ca- pacity because of strike tie-ups were sald in trade circles to have been the underlying cause of the setback Steel producers headed the list of gainers. The first 15 concerns in this group issuing statements for the quarter chalked up a $47.540,183 net income against $20,790,157 in 1936, a 129 per cent advance. Analysts pointed out, however, the tabulation did not include the two biggest independent steel companies that were strikebound for a consid- erable period, Republic Steel and Youngstown Sheet & Tube. Financial quarters expect both to report smaller than average improvement because of production delays. A straw in the wind. they said, was that the only two steel firms showing a decline in the latest quarter com- pared with last vear were Truscon and Inland Steel, both of which ex- perienced strikes in the past three months. Building equipment concerns turned in the second biggest recovery in profits, up 65 per cent. Anhough‘ construction slackened somewhat in the period as building costs mounted, new structures were erected at a substantially faster rate this year than last. Other groups doing better than average were petroleum products, up 62 per cent; machinery manufactur- ers, up 57 per cent: railroads, 33 per cent; automobile accessories, 17; chem- icals, 15, and utilities, 14. The following tabulation shows the number of reporting companies, sec- ond quarter dollar income, and the percentage gain over the same period last year: 1937 Per cent Industrs. teel Building equipment”_ oil Machinery Miscellaneous Railroads = Auto accessories _ 001 Autos and trucks Total 1Decline. FEDERAL LAND BANKS NEW YORK, July 20 #.—Federsl Land Bank bonds Bid _ 1033, 101 1020, 10073 110 : Asked 1 1 1 1 16 10723 i > 1 103 1011 101 101 101 10114 . U.S. TREASURY POSITION. By the Associated Press. The position of the Treasury July 27 Receipts. £20.918.000. cxp-nduuru £14.678.203.00; balance Cu:tcms Teceipts for the mont 8N of inactive gold. RUBBER FUTURES. NEW YORK. July ber futures ope Septembe: 1b. Ma; $§9.50 per $1,000.00* Per Month Pays All Expenses except heat and maintenance. You own your home outright in 20 years. *Approximate. [SHANNON-& LUCHSl Mortzage Loan Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 Free to Executives 19 Bank and Trust Company Statements A reprint of reports of condi- tion of 19 Banks and Trust Companies of Washington, D. C., as of June 30, 1937, which ap- peared in The Evening Star. Invaluable reference booklet. Free on request to Executives ond Investors. Address Ad- vertising Manager, The Euening Star Safe servatively appraised, $500 up. Interest 6% per annum. Investments new buildings in Bradley, Beall & Howard, Inc. 6 First inortgage notes, Washington and near- Southern Bldg. Phone Nat. 0271 well secured on con- by Marylond. Denominations of Established Nearly €0 Years FINANCIAL AUTO MEN CURB MODEL CHANGE Small Tooling Costs Likely to Help Maintain Earn- ings Levels, By the Assoclated Press. NEW YORK, July 29.—With the Ford assembly lines shut down until August 9 and the end of the 1937 sea- son near at hand generally, the auto- mobile industry is giving its attention to 1938 changes and to the relationship of these changes to business conditions in the coming Winter and Spring. ‘The change-over in models in some companies—particularly General Mo- tors divisions and Chrysler, which are s8till in heavy production—will prob- ably be done without much tapering off of work. “Pontiac built well over 7,000 cars last week and the same amount the previous week,” writes Burnham Fin- ney in his Detroit letter to the Amer- ican Machinist, “G. M. divisions will go into August with operations high and will suddenly halt work on current models about the middle of the month without much effort at tapering off. After two or three weeks—about as short a shut- down as ever known—manufacture of parts of '38 cars will start.” | Finney believes the changes for '38 | cars aren’t going to be very exciting. “In fact,” he says, “car makers are wracking their brains trying to think of what to feature in their advertising and selling. Most of the innovations that will make customers gawk and talk are being held over until 1939, | ) Business is good enough that cars will be bought in huge numbers for an- | other year without resorting to costly | changes. The relatively small tooling charges | for "38 will help keep up motor earn- ings, despite the fact that the mrreue | in retail prices may not cover recent | boosts in manufacturing expenses.” In New York automobile c1rrle<—' which, like Finney, do not believe the changes in design will be very exciting | —the emphasis, in discussing the '38 | models, is on improved handling of cars and new safety devices | Several companies, it was said, plan | on following the lead of Oldsmobile in using automatic transmission. Com- | mercial usage of the “hill holder,” a | new Bendix product, is also expected in the new models. Studebaker has | already brought out the “no roll back,” | a safeguard going up the hill, and | the new device operates as a further safeauard in going down. W 1937 of Progress Steel Shelving STOCKE T ¥ SKE C PIODIJCINO STATIONERS DI E ST N - 1886 BIst Year PROPERTY M “| 000. Advance Scored “onstruction Awards in Week BY the Associatea Pre NEW YORK, July 29 —Engineering construction awards for the week ended Tuesday totaled $47, 393,000, as reported by ths Engmeefing News- Record. Private work makes up $20,930.000 of the total and public work $26,463,- The amount is higher than last week, but below the average of the year to date. Detalls foljow: This week Private ___ 20,9 Bedsral Fssats State-municipal _ Total _____ 7 ssx 300 34300, 00 DOLLAR GOES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, July 29.—The United States dollar declined 5-16 of a cent in foreign exchange trading today. The unit closed 4.9711-18 to the pound compared with $4.971; for ster= ling in New York overnight. French francs ended 132.84 to the pound against 132.87 veuerday. PARIS, July 29 () —Rentes, 3 per cent, 72 francs 85 centimes; 455 “A," 74.50; 4145, 1937, 98.25 Exchange on Landon, 13283. The dollar was quoted 26.69. REAL ESTATE LOANS 5% RESIDENCE and SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AYE. DISTRICT 9393 Money for Construction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’l 0350 Here Is an Opportunity for You to Receive DIVIDENDS Only carefully selected First Mort- gage Loans secure your invest- ‘ment through this organization. Why take & chance when such a E _plan as this is offered? Present divi- dend rate 5o barficulars call The Northwestern Savings and Loan Association Incorporated 1906 107 Carroll Street Tokoma Park, Md. SHepherd 2693 For ANAGEMENT WHAT CONSTITUTES A ‘GOOD INVESTMENT you will find to be outstanding features of our FIRST MORTGAGES Over Forty Years of Experience security gives to First Mortgage Investments M ORTG A G Of course—the liberal interest, of definitely fixed amount. And the that improved real estate the principal. B. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. E L O ANS First Mortcace Loans District of Columbia, Nearby Maryland and Virginin Homes Apartments 5% Business Properties Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY INCORPORATED MORTGAGE Loav CORRE SRONDENT ./12//70»( < / Ihnsurarnce Ge M//fafl}' 1321 Connecticut Ave. N\W. Telephone: DEcatur 3600 Comfortable? . . . yes! But, hardly convenient even if the tub did have wheels. “The next best thing"’ we can suggest is to dash through the heat to the inviting coolness of our special selection of light Summer-weight fabrics. A Kassan-Stein HAND- TAILORED Suit will do wonders towards keeping you cool, comfortable . . . moderately priced. and extremely smart and o Tailbss KASSAN. STEIN 510 ELEVENTH ST. N.W.