Evening Star Newspaper, July 29, 1937, Page 18

A—I8 ¥x¥» FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., THURSDAY, JULY 29, 1937. BANK[}[]MMIH[ESTRANSACTIONS ON THE NEW YORK STOCK EXCHANGE FINANCIAL. STOCKS IRREGULAR " Net | Prev. 1937 Btock and Close. chge. | High. Low. _ Dividend Rate. 8% 874 661 56 Morris & Esx (3%)- 56 6 19’ Prev. 1037 Btock and Bales— . Low. Dividend Rate. Add 00. High. Low. Close. 85Y% Sloss-Sheffleld S&1 908 162 160 160 Prev. 1037 Stock and Bales— Net Hlxh l.ow Dividend Rlza Afla 00 High. Low. High. Low. Dividend Rate, Add 00. ls!lzth. bozw Cl;zlm chge. 12% 8% Dominion Str - 3 9 Alexander F. Ryland, State Association President, Re- 841% 63% Acme Steel (4) . veals Appointments. BY EDWARD C. STONE. Many Northern Virginia bankers, known in Washington, were specially honored today when Alexander F. Ryland, president of the Virginia Bankers’ Association, announced his committee appointments for the coming year, according to the As- sociated Press. C. J. Dickerson of Amelia was named chairman of the Taxation Com- mittee, other members including W. B. Timberlake of Staunton, T. E. Seb- rell, jr, of Clarendon, executive vice president of the Clarendon Trust Co., and Hugh D. Scott, chairman of the board and president of the National Bank of Fredericksburg. P. G. Marsteller of Warrenton, president of the Fauquier National Bank, was appointed to the Agriculture Committee. Another member is V. ‘W. Sanders of Warsaw, cashier of the Northern Neck State Bank. C. L. Robey of Purcellville, president of the Purcellville National Bank, was named chairman of Groups and County Organization, with H. T. Parker, Newport News, secretary of group 1. P. W. Anderson of Marshall, cashier of the Marshall National Bank & Trust Co., was appointed secretary of group 3. George E. Warfield of Alexandria was placed on the Trusts Committee. He is executive vice president and trust officer of the First National Bank. The chairman is L. B. Gunn of Richmond. John B. Duval of Gloucester, vice president of the Bank of Gloucester, is also on the com- mittee. Other Committees Named. John B. Fowler of Rosslyn, presi- dent of the Arlington Trust Co. is 8 member of the Bank Protection and Insurance Committee. G. W. Shep- herd of Fredericksburg, president of the Commercial State Bank, is on the same committee, Jesse F. Wood, Richmond, heads the Banking Education and Public Rela- tions Committee. Thomas C. Bous- hall, president of the Morris Plan Bank of Richmond, and H. Ewing Wall, cashier of the First National Bank of Quantico, are among the other members. Harold G. Brown of Winchester is chairman of Bank Management and Research. He is vice president and cashier of the Shenandoah National Bank. J. Harvey Wilkinson, jr., Rich- mond, and Giles H. Miller, jr., of Cul- peper, cashier of the Culpeper Na- tional Bank, and W. S. Hildreth of Charlottesville are among other mem- bers. Thomas H. Blanton, president Un- fon Bank & Trust Co., Bowling Green, was appointed chairman of the Com- mittee on Revision of the Constitu- tion. J. L. Bugg. Farmville, heads the Retirement Pension Plan Committee. John I. Sloat, Winchester, and W. G. ‘Waring, West Point, are members. Headed by W. H. Schwarzschild, jr., Richmond, the Rules, Practices and Service Charges Committee includes W. H. Byrd of Harrisonburg, vice presi- dent and cashier of the First National Bank; Giles H. Miller, jr.. cashier of the Culpeper National Bank, and A. A Cralle of Tappahannock, cashier of the Southside Bank. Many other ap- pointments were made which take in bankers in other parts of Virginia. Maryland Phone Calls Mount. The Chesapeake & Potomac Tele- phone Co. of Baltimore City reported there was an increase of 15.5 per cent in the number of telephone calls made in Maryland during June as compared with the same month of 1936. The company’s monthly accounting to the Public Service Commission said telephone users made more than 32- 455,000 calls during last month. There were 241,000 telephones in use on June 30, an increase of 20,348 over the number on June 30, 1936. The utility reported its operating revenues in June totaled $1,249,043, as compared with $1,169.443 a year be- fore; operating expenses amounted to 81012560 and net income was $236,483. Mergenthaler Vote Ordered. Stockholders here will be greatly Interested in the announcement that the National Labor Relations Board has ordered an election by secret bal- lot at the Mergenthaler Linotype Co.'s plant in Brooklyn which employs about 1600 workers. The order was issued yesterday as the result of a pe- tition filed by Linotype Local, No. 1222, United Electrical and Radio Workers ©of America. The election is to be divided into two units. The first will include all employes, except those in Depart- ment N, who will decide whether they wish to be represented by Local 1222 for the purpose of collective bargain- ing. The second election will include Department N and take in depart- mental timekeepers, who will decide whether they want to be represented by Local 1222 or by the International Union of Metal Polishers, Platers, Buffers and Helpers Local No. 8. Mergenthaler has always been un- usually free from labor difficulties qf any serious nature, Roper Sees Business Gains. Becretary of Commerce Roper is very cheerful on the Fall outlook, the splendid crop prospects making him especially optimistic. A fine crop of corn, wheat and cotton affect every line of business, he says, starting with the local merchants, through trans- portation and distribution, up to the manufacturer. Secretary Roper cited reports that the railroads are expecting a 9 per cent incregse in freight traffic over last Fall, whish means they will require more equipment to meet the Autumn demand. He expects this railroad equipment buying program to start within the next month. Heard in Financial District. Donald W. Larson, secretary of the District Bankers’ Association, will leave here tomorrow for a two-week vacation at his old home in Min- nesota. Following announcement that the Federal Home Loan Bank $28,000,000 issue of 13 per cent debentures had been oversubscribed 10 times comes word that 18 per cent of the subscrip- tions will be allotted and the bonds are now being quoted above the price at which they were marketed. First Sales in New Gas Stock. First sales in the new Washington Gas Light common stock took place today on the Washington Stock Ex- change. Ten shares sold at 25, fol- lowed by 50 more shares at 25. The market closed with 24'; and 25% 228, 28% 804 5% 15% 53, 59, 5813 52w 45% 15 Adams Exp (.30g) 2214 Adams-Millis (2) 6414 Air Reduction (1a 214 Air-Way El Ap 11 Alaska Jun (.60a)__ 2% Alleghany 3414 Alles pf $30 ww._. 35 Alleg pf xw_ 35 Allegprpf ____ 30% Alleg Steel (1.20g) asked. A small sale of American Security & Trust Co. stock was recorded at 293, A (y 25815215 Allied Chem (6) _. 20 Allied Mills (2g) 15 Allied Stores (.20a. 57 Allis-Chalmers(1g). 4% Amal Leath _ 80 Amerada (2) 20% Am Bank Note(%g) 90% Am Can (4a) 77 AmCar & F pf (4g). 28 Am Chain & C(3%g). 98 Am Chicle (4a) 13% Am Colortype_ 25 AmCrystal S 2% g_. 88Y% Am Crys Sug pf(6). 5% Am Encaustic Til 6's Am & Foreign Pow . Am & For Pw 2d pf. Am Hide & Leath __ Am Home Pr (2.40). Am Ice A Am Ice pf (18) Am International Am Locomotive Am M & Fdy (%g) - Am M & Met (.45g)- Am Metal (%g)- AmPow& Lt _____ Am Rad & St S(.60) Am Roll Mill(1.10g) Am Seating (%g)_- Am Shipbldg (2a) Am Smlt & R(23g) Am Stl Fdrs (1g) - Am Sugar Ref (2) Am Sumatra (1a)_ Am Tel & Tel (9)_ Am Tobacco (5) Am Tobacco B (5) Am Tob pf (6)____ Am Type Fdrs ____ Am Wat Wks (.60g) Am Woolen _ Am Wool pf (2k) AmZincL&S _ Anaconda (%g)_ Anchor Cap (.30g) Anchor Cap pf 61y Andes Copper = Arch-Dan M (1g) - Armour 111 (.558) Arm 11l pr pf (6) _ Armstronz Crk(1g) Arnold Const (%g)- Artloom ______ Asso Dry Goods Atch T& S F (28) Atchison pt (5) __ Atlantic Coast Line Atlantic Refin (1)_- 15 Atlas Corp (.80) 5013 Atlas Corp pf (3)_ 2 Atlas Pow (11:g)_. 113% Atlas Pow pf (5) 13'5 Auburn Auto 5% Austin Nichols Aviation Corp. Baldwin Loco (r) - saldwin Lo pf (r) Baldwin Loc asd(r) Balto & Ohio Balto & Ohio pf Barber Co (% g) Barker Bros Barker pf (23)_ Barnsdall a 901 187 159»‘ 99 T3 997 Tat 1501 1284 204 11% 2915 15k 14 7% 79 541y 20 6% 6915 478 24% 18 111 105 3713 18 46 39% 135 7 991 701y 16% 173 7 |1% 543 11 8% 15% 6919 93 44 27y Beldin-Hem (1) ___ Bendix Aviat % Benef Ln (1.3 Bethlehem 5 Bigelow-San 134z _ Blaw-Knox (.45g) - Boeing Airpl _ Bohn Alum (3) Bon Ami B (1%g 2 Borden (1.60) Borg-Warner (2) _. Botany C M (A) (r) Bridgeport Br .40g_. 4 Brigss Mfg (1%:g)_ Briggs & Strat (3)_. » BKlyn-Man (215g) _. Bklyn-Man pf (6) A % 38! 151 BKlyn & Q T pf % Bklyn Un Gas 2.30g. 14% Bucyrus-Erie 7 Budd Mfg__ Budd Mfg pf__ Budd Wheel (.20g) - Bullard Co (1)_____ Bulova Watch (4a)_ » Burlington Mills(1) 2213 Burr Ad Mch(.65g) x 414 Bush Term (r)_____ 15 Bush T 7% deb (r)_ Butler Bros (.60) __ % Butler Bros pf(115) 4 Butte Copper & Z _. *alif Pack (132a)_ allahan Z-Ld __ alumet & H (% g). Canada Dry G Ale-_ ( ‘anadian Pacific... Case (J 1) Caterpillar Trac(2). 261 Celanese (112g) 73% Celotex pf (5) 30 Cent Asuir (1%a. 614 Central Fdy 2 11 Central Violeta Sug. 60 Cerro de Pasco (4)_. 111 Certain-teed __ 4815 Certain-teed 6% pf_ 320 35% Champ Pap & F (2) x 67 ChesCorp (3)______ 5014 Ches & Ohio (2.80a 91 CheS&ODfA (4) 2 Chi Gt West (r) 8% Chi Gt West pf (1) .. 24Y% Chi Mail Or (132a) . 3% Chi M St P&P pf(r). 3 Chi&NW (r). 9% Chi & N W pf (r) 21 Chi Pneu Tool 35 ChiPneu T cv pf(3) 2 ChiRI1&Pac(r) . 4% CRI&P 7% pf (r). 14 Chi Yell Cab(1%g)- 15% Chick Cotton Oil__.. 91 Childs Co 94 Chrysler (78) 17% City Ice & F (2).. 6% City Stores _______ 321 Clark Equip (1.60) _. 35 Clev Graph Br (1g). 170'5 122% Coca-Cola (2) 59 56 Coca-Cola A (3)_ 25% 177 Colgate-Palm (13) 104'2 102 Colg-Palm pf (6) 62% 471 Collins & Aik (2a) 517a 31 Colo Fuel & Ir (1g). 27% 15 Colo & South_____ . 30 15% Colo & South 1st pf. 207 10 Colum G&E (.20g) 691 56% Comcl Credit (4) 80% 63% Comcl Invest Tr(4). 120 1037 ComclInv T pf 4% - 21% 13 Comel Solv (.60) 2 Comwlth & Sou 46 Com & Sou pf (3) 13% Conde Nast 34 Congoleum-Na (2).. 197 Consol Aircraft____ 9% Consol Cigar__ 831 Con Cig p pf ww 615 31% Consol Edi (1.50g) .. 991 Consol Edis pf (5) 9% Cons Laundries 14% Consol Oil (.80a % Consol Textile._. 814 Consol Coal .. 254 14% 93 13 454 303 65% 501 18% 1 350 481 6 20y 381 171 18313 100 41% 824 39% 125, 24% 86% 23% 82 634% 901y 687y 100 4 184% 2% Contl Baking B 81 Contl Baking pf(8). 50 ContlCan (3) .. 181% Contl Diam Flb(l;) 35% Contl Ins (1.60a) 2 Contl Motor _ 39% Contl Oil(Del)1%g. 25 Contl St1 (%g)..__. 62% Corn Exchange (3). 547 Corn Prod (3).. 6 Coty.._ 40 Crane Co 113% Crane Co pf (7) 100% Crane Co cv pf. 18% Crossley Radio . 41% Cr'n C'k pf ww 2% . 163 Crown Zeller _ 51 Crucible Steel 7% Cuban-Am Suga) 813 Curtis Pub - 71 Curtis Pub pf (7). 5 Curtiss-Wright. 16 Curtiss-Wright 73% Cutler-Ham (1g) 14315 104% Deere & Co. 29 177 Deisel-Wem-G (1) 58% 33 Del& Hud. 2415 13% Del Lack & W 10% 4 Den& RioG W pf_ 146% 1107 Detroit Ed (5g)---- 23 14% Diam T Mot (%g)-« 29 20% Dist Corp-Seag-. 51 88% Dome Mines (28)--. i 0 o LN N G100 O 53 1O TR 51 1O N 03 1D 83 i b PR-ARaR o~ o : PETTYS 11T IO TR TP 35 5 + 237% 237% 24% 19% 67% % 5% — % 92 27% 109% 9% 29 - 8% +1% + 1 - Y% -1% + W 107 16% 26Y% [ I+l 44+ 1++0 00+ 20 i Ua = s s e b 0 i IR ol | FIE FRFFEE FE FFEEF % k) % I 1% 4% 6 6 19% — % % 191 T4% 135% 135% —1% 201 20% 3614 36% — % 15% 16% — 4% -3% T7% 47% Douglas Aircraft 159% 115% Dow Chem (2.60g 3% 1% Duluth SS&Atl pf__ 180% 148% Du Pontde N(2%g) 115% 110% Duquesne 1st pf(5). 17 9% Eastern Roll_______ 181% 151 Eastman Kodak (8) 37% 29% Eaton Mffi(l%x).. 16 10% Eitingon Sch_ 29 21% El Paso N Gs(1. 45% 34% Elec Auto Lt 1.40; 16 T 265 924 115‘ El 1 1223 15% 5815 8 131% 331% 133 641, 11ty 281y 9y 189 116 162 167 154 136 121 29 23% 1914 69 2013 46% 147 2984 24% 481 122 120 16% 6% 34 9 34% 9% Elec Boal 4% Elec & Mus (.18e)__ 14% Elec Pow & Lt_. - 62 Klec P& L pf. 105 Endicott-Joh pf(5)- 59 Eng PS $5 pf (5k)_. 61 EngPS1wwbkk 4% Equit Oft Bldg.. 1313 Erie R R 19% Erle 1st pf 5 14% ErfeRR2dpf __ _. Kureka Vacuum Cl. Fairbanks Co _ 4 Fairbanks Mrse(1a) 514 Fajardo Sug (28) _. Federal Mot (.10g) - Federal Wat Sve A. 4 Federat D St (1%:g) Fed D Strpf (41) .. Fid Phoenix (1.60a). Firestone (1%;g) 4 First Nat Strs(2% Flintkote (1) Follanshee Bros Food Machine (1a) Food Mach pf (413) 5 Foster Wheesler ___ reeport Sul (1g) - Gabriel A air (Robert) Gamewell ar Wood Ind (%g) Gen Am Inv__ Gen Am Trns(1%g) Gen Baking (.60)__ (ien Cable en Cable A __ Gen Cigar (4) A Gen Gas & Elec pf . Gen Mills (3) ___ Gen Mills pf (6) _. Gen Motors (1%g) - Gen Mot pf (5)_. Gen Out Adv Gen Out Adv A __ Gen Pub Sve = Gen Ry Signal (1)_] Gen Real & Util Gen Refract (2h) Gen Stl Castpf ___ Gen Thea Eq (128) - Gillette (13 g) Gimbel Br Gildden Co (2a)___ (.o!ul Adolf 4 Goebel Brew (.20a)- Goodrich (%8) ____ Goodrich pf (5) Goodyear T&R (18) Gotham Silk pf Graham-Paige Granby Consol Grand Un pf (2h) Granite Cit Stl (1) Grant (WT) (1.40a) Great Nor Ry pf Grt Nor Ore ct(%g) Gt West Sug pf(7) Green (HL) (1.60a) Greyhound (.80) Greyhound pf (.55). Hack Water (3g) . Hack W pf A (1 all Print 3 Hamilton W (1.2 Hamil Wath pf (6)_ Hanna $5 pf (5) ___ Harb-Walk (1g) Hayes Body __ Hecker Prod (.60a) - Hercules Mot (1) Hercules Pow (3z)_ Hercules Po pf (6) Holland F pf (5)__ Hollander (1) Holly Sug (2%g8) Homestake ( Houd-Her B (13z)_ Houston Oil_______, Howe Sound (3a) Hudson & Man Hudson & Man pt « Hudson Motor_ Hupp Motor__ Tllinois Central Indust Rayon (2 Ingzersol Rand(3g)_ Inland Steel (4a) Inspiration Copper_ Inter Rap Tran (r)_ Interchem Corp(2)_ Intercontl Rubber__ Interlake Iron_. Intl Agricul__ Intl Bus Mach (fa). Intl Harvestr (23;). Intl Harv pf ( Intl Hydro-Elec A Int Mer Marine ___. Intl Mining (.308) . Intl Nickel Can(1g) Intl Paper & Pw A _. Intl Paper & Pw B_. Intl Paper & Pw C . % Intl Paper & Pw pf_ Intl Shoe (2) _ _ Intl Silver pt (6k) . Intl Tel & Tel _____ Interst DepS2%g. Intertype (.30g) Island Crk Coal (2). Jewel Tea (4) ._ Johns-Manville (3)- Jones & L pt (312k) K CP&L 1 pf B (6). Kansas City Sou. Kelsey-Hayes A _ Kel-Hayes Wh B___ Kennecott (28) ____ 4 Keystone S&W (.60) Kimberly-Clark (1) Kresge D S pf (.20k) Kresge (SS) 9.0 Kroger Groc (1.60) - 4 Laclede Gas Lambert (2) - Lane Bryant(12g). . Lehigh Port C (1%) Lehigh Valley Coal. Lehigh Val Coal pf_ Lehigh Valley R R.. Lehman Corp (1a) - Lerner Stores (zn 113 87y 9% 40 161y 5 14615 994 14478 8y 2018 251 6915 120 117% 1153 15 12% Life Savers (1.60a). Ligg & Myers (4a) _. 4 Liggett & M B (4a) . Lisg & Myers pf(7). Lima Loco . Link Belt (2) Liquid Carb new_ Loew's (2a) Tiofits i <8 4 Lone Star Cem (3)-. Long-Bell A_______ Loose-Wil Bis (2) . Lorillard (P) (1.20) Lorillard pf (7) .- Louisv & Nash(5g 29% Luldum Steel (1) 130 McAndrews pf (6)_. 23% McCall (2) - 143 McCrory Strs 32% McIntyre Porc 31% McKeesport T (2)_. 12% McKesson & Rob__.. 42% McKess & R pf (3) 12% McLellan Strs(%g) 40% Mack Trucks (1) .. 44 Macy (R H) (2a) 42 Magma Cop (1%8)- 3% Manati Sugar (r) 14 Manati Sug pf (r)_- 4% Manati ctfs (r)__. 6% Man Ry mod gtd(r). 16% Man Ry gtd (r)-__- 18Y% Manhat Shirt (1) 3% Maracaibo Oil 9% Marine Midl (. 187% Marshal Field. 19% Martin (Glen)._. 48% Masonite (1a) _ 32% Math Alkali (1%)_- 51% May Dept Strs (3a). 9315 Mead Corp pf (6) 67 Melville Shoe (5) 9% Mengel __ .___._ 34 Mengel 5% pf(2%). 14% Miami Copper 25% Mid-Cont Pet (%g). 33% Midland Steel (2) . 108 Midland St11 pf(%). 96 Minn-Hon Reg (3)-. 11 Minn-Mol Imp____. 2% Minn StP&SSm LL. 23% Mission Corp (1g)-. 5% Mo-Kan-Texas 21 Mo-Kan-Tex pf. 6 Mo Pacific pf (r)___ Mohawk Crp(1.20a). Monsanto Ch 1%g. Montgom Ward (2! 28% 20 127 824 28 10 B7% bB7T% 1 119% 119% 1 1% 1% 5 160% 160 108 112% 1121 124 12 180% 180% 35% 35% 12% 12 23% 23% 38 38y 1054 4% 224 8 - o sRutwaluammrrarnntrTonnowara > 3 = . 9 x0% a0 0 2 5 PSR TS 10 608 110 408 1108 58 - > > 41% 65% 121y 281y 991y 2 101 159% - 0 H e E Sreo e AT N T AN S OB NS WA RN AN A DD S 1 & 00N 00 N T 2960 83 100 00 RO 00 B 80 B 0 e - > 0 S o TR o 53 o - S m. = @ S ANLNAR AW TR 3 101% 101 39 62% 61% BT% + % 119% +2% 1% % 160 1121 12% 180% 35% 12% 23% 38 10% 4% 22% 18 -1 - % {0 L | +|I:0_‘ | SER FEFEFE P |+ EF OFIF I|L+I || ++ + FEFFFEFEF P & 27" = 24% o= 7% — 35 - 101% + 62% + 314 3814 147 993, 36% 20% 7 24% 47 24 18% % Mother Lode 27% Motor Prod (1%g) - 13% Mullins Mfg B new_ 80 Mullins pf (7) . 24 Munsingw’ r(l’fix). 10% Murray Corp__ . _ 58% Myers & Bro (2g) 16% Nash-Kelv (1) 30 Nask Chat & StL_ 17% Natl Acme (%g)-. 11% Natl Aviation _ 22% —2% 13% + 27% Smith & Cor (%&)-. 31% 311 16% Socony-Vac (%g) - 214 21% 3% Sou Am G&P (.10g) 37 3214 Sou Po Rico Sug (2) 35 2214 Sou Cal Edis (1%a) 26 40% Sou Pacific = 4% Southern Ry_ 31 Sparks With 7 Sperry Corp (1e) Spicer pf A (3). 4 Spiegel Inc (%g)_. 184 22% Natl Biscuit (1.60) _ 25 NatlBnd & Inv 1.44 387 295 Natl Cash Reg(%g) 264 1814 Natl Dairy P (1.20). 112% 107% Nat Dairy pt A(7)__ 10% 6's Natl Dept Strs pf. 35 2714 Natl Distill (2). 18% 12 Natl Gypsum._ 44 30% Natl Lead (%) ____ 150 127 Natl Lead pf B (6) 14% Natl Pw & Lt (.60)_. 9415 Natl Steel u%c), 5 39% Natl Supply .- 1214 Natl Tea (.30g)_ 13 Natomas (.80) _ 413, Newport Ind (1%g) 554 N Y Central.______. 317 N Y COmnibus____ 25% N'Y Dock pf _ 2 N Y Investors (r) NYNH&H (r) NYNH&Hpf (r). 15% 813 N Y Shipbldg _ __. 761 55 N Y Shipbildg pf_ 1028 { Y Steam $6 pt 112% N'Y Steam $7 pf 272 236% Norfolk & West(10) 114 102 1% 9 347 21 571 48y 10415 33% 338 31% 6% 9 «28 34 9% 263 North Am Aviat__ North Am (.60g) _ North Am pf (3) North Am Ed pf(6). Northern Pacific Ohio Of1 (%K) Oliver Farm Omnibus Oppenheim Col Otis Elev (.40g) 108 131 191 10 Owens-11GI11%g x 11 Pac Am Fish (1.20). Pac Coast 1st pf Pac Coast 2d pf _ Pac Gas & El (2) _ Pac Lighting (3) Pac Mills (1g) Pac West Oil (.65e). Packard Mot (.15g). Panhandle P&R (r) amount 2 pf(.60} Park Utah Parke Davis(1.40g). Parker Rust-Pr 133 Parmelee Trans____ Pathe Film Tatino Mines _ Peerless Corp Penick & Ford (1g)- Penney (J C) (28 Penn Coal & Dixie ( Dixigipe Tetro Corp (40 Preiffer Brew (.60z) Phelps Dodge 15 Phila €0 6% nt (3) Philip Moris(3%£). Phillips Pet (2a) Thoenix Hos pf ’ly nmlvh(?lll'l‘z) Porto Ric-Am T A . Postal T & C pf (r)_ Pressed Steel Car _ Trocter & Gam (2a) Procter & G pf (5) Pub Sve N J (2.60) . Pub T 85 pt (5) 2 Pub T pt (6)- Pullm: n A Pure O = Ture nn 6% pt (6)_ Pure Oil pf (%) « Purity Bak (.30g) Radio Corp Radio cv pf ( Radio-Keith: R R Sec 11l C Stk Raybest-Man (1 ve Real Sil Reis & Co 1st pf Reliable Rem Rand (1.0 Reo Motor svnolds M pf nolds Spr (1) Reynolds Tob B (3) Safeway Strs (2) .. Savaze Arms(T Schenley Distill(3). Schulte Ret (r).___. Schulte Retpf Scott Paper (1.058) Seaboard Afr L (r) _ Seaboard A L pf (r) Seaboard Oil (1) Seagrave Corp__ Roeb (3) . Servel Corp (1a) Sharon Steel (1.20) - Sharon Stlpf (5) - Sharp & Dohme Sharp & Do pf 31z __ Shattuck FG (.60)_. Shell Union (12g) -~ Shell Un pf (332) Simmons (18) Skelly Oil (.50g) _. 1008 100% 4 241 Norfolk & W pf (4) x 108 104 12 2814 59x Stand G Stone & Sweets (' 8 Texas G 100% 241 104 11% Tex Pac Tex Pac Timken- Tlml\on Trans & Truax 20th C Un Oilo Unit VaEl& Valron Wabash Wabash IH‘¢ 101 1093 14 Warner 9 2! s Warren 674% Unit Paperbd (.30g) U S Distrib pf 5 & Foreign Sec _ ypsum pf( 7 S Hoffman Mach s mdm Alco ther A 'ipe (3) tealty & Imp Waldorf Sy Walgreen (2) Walgreen pf ww 41z Walworth __ _ Ward Baking B _ Spiegel pf (413) .. 4 Stand Brands (.80). Stand Com Tab.. 4 Stand Gas & El (r)_ & Epf (r).. Stand Invest __ Stand Oil Calif (1}) Stand Oil Ind (1a) . Stand Oil N J (1a) Stewart- Warn(%a) Web. Studebaker. un Oil (1a Sunshine Mng (3) Superior Oil Sutherland P(1.60). o wift & Co (1.20)__. Swift Intl (2) _ Symington xw . 4 Telautograph (.60). Tenn Corp (%g) Texas Corp (2) ulf Prod _ Tex Gulf Sul (2a) _ C&O (.40) Land Tr. ermoid hird Ave.____ Thompson Pr(.90g) 4 Thompson-Star __ Tide-Wat As (. Det Ax( Roll B (3) ansamerica (13) - West Alr Tri-Cont Corp (%g) 20th C-F F pf 13 2 Twin Coach (.30g) Ulen & C Underwood (1%g) o Un Carbide f Ca Un Pacific (6) 4 Un Pacific pf (4) Unit Aircraft (i3g) 4 Unit Air Lines Unit Biscuit (1.60)_ Unit Carbon (4) Unft-Carr Fast (2)_ Unit Corp__ Unit Corp pf (3) Unit Drug (%g) .- Unit Dyewood (1a)_ 4+ Utd Dyewd pf (7) - ¢ Coal Unit Fruit (3) _ Unit Gas Imp (1) s Imp pf(5) * | Refining, Commercial Solvents 'nu“lor‘;{!ds z)- nit Stores A Univ Pictures 18t p! Ul P& Lt A (r)- Vanadium Steel____ Pwr pf(6) Coal & C pt. Ry (r) pLA (1) (1.20)- Bros Pict__ Bros (r) _ Waukesha Mot (1a) R Wayne Pump (1}2g) 16 331, 331, 34y 9 Wesson W Penn West Pe 21 193 25w W Penn W Penn 37 Wes 0 & O0&S (%za) pt(4) TR (7)o 28 9 ¢ E g nn E1pf(6) 2. WPenEL7% pf (7) 5 P 6% pf(h) PT%pf(7). Western Maryland - Western Pac pf ___ 2 West Union Tel (2). Westinghse Air (1). Wheeling S Wheel Stl pf 2 . 241y 104 1081 599 Yale & Young rIn bankruptey bursements based on tion, | included. x Ex_dividend. Iast_vear. year clared this year. Yellow T tn S&T 1 Zonite P! Total Sales for the day, s Unit of trading 10 shares. Unless otherwise noted. special or extra di hCash or stock, White Motor White Sew M pf Wilcox Oil & Gas_ Wilson & Co (1a Woolworth (2.40)__ Worthington Pump Worthington pf A __ JEEE 1208 fowne (.60). 1 = 28 44 rod.. 1 the N. Y. 170,000 12:00 Noon 870 000 100 P.M 610,000 440,000 or rceivership. or being reorganized under bankrupicy act. or securities assumed by such companles. Rates of dividends in the forezoing table are annual di the last quarterly or semi-annual dec! idends are xr Ex rights _a Also extra or extras. e Pald 1 Payable in stock. & Declared or pald so far chls | k Accumulated dividend paid or de- R. F. C. SATISFIED WITH NOTE SALE Distribution of $60,000,000 Issue | for Commodity Corp. Reported Progressing “Very Nicely.” By the Associated Press. The Reconstruction Finance Corp. said today that sale of its recent issue of $60,000,000 Commodity Credit Corp. notes is progressing “‘very nicely.” Officials explained, however, they were not yet in a position to make any definite announcement because suf- ficient tifie had not elapsed since the notes were placed on sale last Tues- day. They said subscriptions were be- ing received by mail, as well as by the 12 Federal Reserve Banks and their branches, which entails several days delay in clearances. The notes are of nine-month ma- turity, dated next August 2, and bear- ing 1 per cent interest. They are se- cured by collateral notes which in turn are secured by negotiable ware- house receipts on 1,679,082 bales of cotton, having a market value of about $90,000,000. Proceeds from the sale will be used to reimburse the R. F. C. for advances made to the Commodity Credit Corp. REST OF INTERNATIONAL MATCH ASSETS SOLD By the Associated Press. NEW YORK, July 29.—The remain- ing assets of the International Match Corp., cornerstone of the vast finan- cial empire built by the late “match king,” Ivar Kreuger, were auctioned by a Federal bankruptcy referee to- day for $8,246,000. The bulk of the assets sold, subject to final approval of the United States District Court, were bid in for $7,250,- 000 by the International Match Li- quidating Corp., Ltd., organized by bondholders of International Match. The remainder went for $996,000 to Irving Reynolds, said to represent the Diamond Match Co. LARGE INCREASE SEEN IN CARRIER EARNINGS By the Associated Press. Class 1 railroads had a net railway operating income of $297,341.777 for the first half of 1937, equivalent to an annual return of 2.76 per cent on property investment. The Association of American Rail- roads said today these figures com- | pared with $238.016.427, or 222 per, cent, for the comparable period of last‘ vear, and with $369.416.251, or 3.46 per | cent, during the first six months of 1930. OPENING TOBACCO PRICES FAVORABLE First 20 Baskets of Bright Leaf Crop in South Georgia Average 26 Cents. By the Associated Press. » VALDOSTA, Ga., July 29.—The 1937 bright leaf tobacco crop of South Georgia and North Florida went on the auction block today and the first sale reported brought a comment from the grower that the price was “good.” Millions of pounds of the leaf were offered as the auctions began. The first 20 baskets sold here aver- aged 26 cents a pound. L. A. Sen- terfit of Naylor said he received 27 cents a pound and thought the price 0od. Most of the selling activity centered in South Georgia, at warehouses in 16 cities. 25.CENT EXTRA VOTED BY FAIRBANKS MORSE | By the Associated Press. CHICAGO, 111, July 29.—Fairbanks, Morse & Co. directors declared an extra dividend of 25 cents a common share in addition to regular quarterly dividends of 25 cents on the common and $1.50 on ‘the preferred, all pay- able September 1 to stock of record August 12, Similar dividends were paid on the common las quarter. ) FAST NEW TRANSPORT TESTED BY LOCKHEED | Srecial Dispatch to The Star. BURBANK, Calif, July 29.—Test flights on a new type of transport air- plane, reputed to be the fastest pas- senger plane ever built for commer- cial service, were started here ye day by the Lockheed Aircraft Corp ‘The plane is known as the Lockheed 14”7 and is expected to have a top speed of over 250 miles an hour. It is powered by two Hornet engines and is designed to carry 11 passengers, a crew of 3 and a half ton of cargo. Northwest Airlines has ordered eight of the new ships. Roval Dutch Air- lines has ordered seven and Trans Canada Airlines four, CLEVELAND TERMIiIALS BOND GROUP FORMED By the Assoclated Press. NEW YORK, July 29.—Announce- | ment was made yesterday of the forma- tion of a bondholders’ committee “for the protection of the interests of hold- ers” of first mortgage leasehold sink- ing fund 6 per cent gold bonds, due December 1, 1941, of the Cleveland Terminals Building Co., a subsidiary of the Van Sweringen Corp. The committee estimates it owns or represents 12 per cent of the outstand- ing issue. brokerage house of Williams, Bailey & Benjamin, is chairman of the com- mittee. NEW SERVICE EXPANDED ON UNITED AIRLINES By the Associated Press. CHICAGO, July 29—United Air Lines announced today it would in- crease its month-old three-stop sleeper service between New York and the Pacific Coast to three round-trip flights nightly. W. A. Patterson, United president, said indications were that sufficient patronage was available to warrant tripling the present accommodations. The new flights will be started with- in two weeks, he sald. * | Tilinots AT END OF SESSION Few Steels and Specialties Higher, but Small Losses Are Plentiful. s, Rals. UL Sris. Net change. bnc Unc Unc. Today noon. 96.3 39.2 441 638 Prev. day... 96.3 392 442 688 Month ago. 899 376 403 642 Year ago_._ 906 395 523 682 1937 high-_.1016 495 540 753 36,1 391 626 435 537 728 302 434 557 g 8.7 239 169 146.9153.9 184.3 157.7 516 953 618 61.8 1929 thh 1927 low.. (Compiled by the Associated Press.) BY VICTOR EU BA\K Associated Press F: ter NEW YORK, July 29. —/\ few stes! 4 and specialties pushed up substantially in today's stock market, but many leaders lacked rallying mina and small losses were plentiful at the fin- ish. Bethlehem attracted a following as guesses on the company’s second-quar. ter earnings. to be released aft ne close, ranged from $2 to more thar $2.25 a share. The issue was up near: | 2 points at the best. Wheeling Stee got up more than 3 Republic Steel was an exception ir this sector. falling back when a sh: profits decline, reflecting strike inter ruptions, was revealed in its statement for the second t months States Steel was ahead mode Brokers thought buyers were int dated partly by misgivings regarding an early adjournment of Congress anc | growing seriousness of war news from the Far East Dealings were extremely throughout. Transfers were 650.000 shares. Holding above water the greates part of the day were National | American Rolli Ward, Loew's, Anchor Cap, Continental O: light arounc Pathe & Ohio. ~| Light, Frank R. Bailey of the | stricted area to a point 1 arrears were G Motof ilr\\ Truck, Deere, Goodyear. United | States Rubber, American Telephone, idated Edison, Electric Power & Anaconda. Kennecott, Coluin. | bia Gas, Standard Brands, Atlantic Arm- bia Gas, Santa Fe tral, Pennsylvania hern, Gimbel Bros. ang Paramount, 4 reral NEW YORK COTTON the Associatec Press. NEW YORK, July 29.—Fresh de- s carried cotton into new low ‘zmund fo e season today unde: renewed domestic and foreign selling which was promoted by larger private crop predictions | Wall Street selling increased on the | decline that carried September dowr from 11.00 to 10.76 and the genera | market to net losses of 24 to 28 point. By midafternoon the market was | practically the lows for the day and *| although pressure had let up, buyer | were reserved. ' Cottonseed Oil. Bleachable cottonseed oil closed easy, 14 to 16 lower. Sales, 8] cnn‘:‘ar s, Sr‘\'r"nb(‘ 75-77. Octo- ecember, 8.72; January |8 3 \Xa'(h 8.75b. b—Bid. futures New Orleans Prices, ANS s expectec e news e ecember & 1 Cottonseed oil S.40b. October. January, 8.54b; CHICAGO GRAIN By the Associated Press CHICAGO, July 29.—Corn becams the grain market leader todayv, and plunged down in some cases 4 cents | a bushel, the extreme permissible limif [ for any 24 hours. Unusually favorable prospects of the 1937 domestic corn crop formed the basis for heavy selling, and the De- cember future representing the neu crop tumbled to a fresh bottom price record for the season. Notice was also taken that acute feed shortaza was being relieved by substitues for corn. At the close, corn was 17.-4 cen under yesterday's finish; September, 937 ; December, 70-70'g; wheat, 41« 1'; down; September, 1.17-1.1713; De- | cember, 1.1875-1.19, and oats, % to 1 | cent off. WHEAT— Open Se 17 SOY BEANS- Oct 1.04" g 1.08% 1.04 1.06% 3 1.037g May 106~ 1.06% Sep. | Dec. LARD— 813 Chicago Cash Market. Cash wheat. No. 1 red 1.2: 1 hard. 1.2612: No. 2 mixed No. 4 mixed .1 ‘mixed. Rye No Tllinois. tough. malting, 60 o e, ew: a3, 11075 1 0 Winniper Prices. WINNIPEG, July 29 (#.—Grain range today WHEAT—— July 1. October ~ 1 December 1 OATS— October Baltimore Quotations. BALTIMORE. July 29 ( —Wheat. No. 2. red Winter. garlicky. spot. domestic. 1193 July. 1.1 CONSTRUCTION LAGS. NEW YORK, July 29 (#).—July construction awards in the food indus- tries totaled $1,368.000, against $1,563,000 in the like 1936 month, Foo Industries Magazine reported,