Evening Star Newspaper, July 29, 1937, Page 19

N FINANCIAL. CURB LIST DRIFTS T0 LOWER LEVELS Utility Shares Lead Drop, Selected Industrials Able to Improve. BY the Associated Press. NEW YORK, July 28.—Curb stocks, led by weakness in utilities, sagged tl)-| day, though selected industrials showad | gains. American Cyanamid “B" and Pan- American Airways were fractiovally higher, along with Hearn Stores and ‘Technicolor. Tower were a long list of utilities, Including FElectric Bond & Share, lectric Power Associates, American Light & Traction, United Light & Power “A" Standard Power & Light, Amercan Gas & Electric and Cities Bervice. Oil stocks also were off. Fractional \ Arops were shown by Humble Oil, Cre- ole Petroleum ard Imperial Oil. Re- sisting the trend. International Pe- troleum marked up a slight gain. Trends in mining issues were in both directions. though ckanges were small. Up slightly was Wright Hargreaves. Lower were Hecla Mining and Hudson Bay Mining. CURB BONDS DOMESTIC BONDS High. [N Low. Noon Ala Power 1 Ala Power AR Fover Alum_Co 7 Am G Am P Appalach Appalach daho Pw 1 Pw & Il Pw & ndiana Indianap Inanap AL i Jer C P&L 4 ED Jer C P&L 3 Ka Alas 2actdac RN DD 20 o #5 222 | | | Medelin Col 8tinn (H) 45 48 ww—With warran® hou 1 CHICAGO PRODUCE ot CHICAGO. Jils * Pou 1 car. 51 about stead Tess than 4 frvers. color White Rock cnlored 23" bareback eolored Rock. 241 Leghorn foms. 14 and col gence 13 | Equity Corp | Ford M Can B (1) | Fd M Ltd(.2138) - | Gen Firepfg . By private wire direct to the Btar. 2:30 Stock and Salea— Dividend Rate Add 00. AeroSupMfgB.. 1 Air Devices 1 AlaPow pf (7)__.130s 74 724 72 Alles & Fisher . I nse 3 Alum Co Am 1008 147 147 147 Alum Co pt (6) 508 1163 116'4 116'4 Alum Ltd ~ 2008 115 11414115 Am Box Ed(.95g) 1 20% 20% 20% AmerCap(A) - 2 63 6 Am Centrifugal . 5 3% Am Cit PEL(3h). 4258 35 ACPELww23h 1 ACP&LRB(30g). Am Cvan R (.60). AmFK & H (1a) Am G & EI(1.40)_ | Am G & E pf (6). 125 Am Gen Am Gen $2 pf(2)_ Am Hard Rub Am Laun M (.80). Am L&T(1.20) . Am Maracaibo Am Seal Kap Am Sup Fower __. Anch Post ¥ Ang Wupp (.2 Ark Nat Gas Ark Nat Gas A Ark Nat Gas pf _ Ashld O&R(.40) _. AsG & AsG&FEL e A= G h High. Low. Close. 4 4 4 2% 2% 2% 4% 36 B 33 191 36 109 100 1 5 1 8 n M\n 150% 1 1 At (‘il ish( Atl Coast 1, 2 Atlas Corp wa Atlas P A%r - Austin Silver M . Automat Prod _ AutoV Ma(iza)_ Avery & Sons = AxtonFis A _____ 100 Baldwn Rub (13) Bardstown D! Barium Sta Stl Reech Aire Rellanca Aire Rell Air Berk&Ga Bliss EW Blue Ridge (155) Bow Rilt H2 pf _ Rraz T&L (.908) Rrewster Aero Bridgpt Ma(%g). Brill A Brill B Brn F&W (80g) Brown Dist N&EPPL(1.60)_ b & Wire B Can Marc Wire Carib Syn (128) - rman B arnegie Met rrier Corp ter J W 40g). asco Pr(23g) n& SwCt Al Cen Cen > Nt Centrif Pi (40) Ch Riv&M (.30g). | Chief Cons { Childs pf i srvice Cit Serv pf Cit Serv BB pf ' Cit Auto St(.30g) aude Neon Lt Cleve Tract Cluh Al Uten Calon Devley pt “uel&l war ColtsPatF (11458). | Col G&E pf(5) Colum 0 & G Comwlth Ed Comlth & So wa Com P&L 1 pf { Comm P S (1a) | Cons Cop atin Con G&E B(3.60) | CG&ER pf A() Cons Royalty .20 Cons Steel Corp - Cont Oil Mex | cont Roll & sU | Cooper-Bess . | Cord Corp | Cosden Petro Creole Pet (J3€) - Croft Brawing Crown C Pet__ Crown Drug._ Cusi Mex_ | Dayton Rub | Dayton R A(3K)_ | Dejay Strs (.80) | Dennison Mf 1 pf | Derby 0il Der Oil pf (2k) { DetG&Mpf(1.20) { Det Gray Ir (.04) Det Pap Pd (1) Det St1 Pr (%8) | DraperCp(2.40a). Duro Test (.40)__ Pi Ld(.20g) - Gas& F % pL(3) GRFprpridis) | East Sta Corp Fdis Br Stes (1)- o S Emseco D&Fq (1). o e Eureka Pipe (4)_ Evans Wallo Cell-O C(.40g) o Falstaff Brew _ . Fanny Frm(1ag) Ferro Enam(%g) Fst Na St 1pf(7) Fisk Rub__ Fla P & Lt $7 vf Ford M Can A (1) g 2 1008 . 508 3 ! 1508 Frankl Ray FroedtGevpf1.20 | Fruehauf T.30g 8- 8 Gen Alloys ien Kl Ltd .6 Gen Invest Gen Tel (1ag)_ Gen T & Rub rert (AC) en Alden(4g)- Goldfield Con Gorham vic 2.25g Grand Nat Films Y Tel PS (1). Gt A&P nv (6a) - Guit Oil (13g) | Hall Lamp(.20g) Harvard Brew Butter Faes. T 2 fir i | 103, aen 1904 orage-packed 18.2 Supplins mod mand " moder Sacked _per - Califor: ite Rase U.' S i i , Horn& Hard(2) Hn D Strs(1.65g) | Hecla Min (.458) | Heyden Chem (2) Hor (R)&Co A Hollinz G14(.63a) Hud BM&S (% %) Humble Oil (1%) 1l 1a P aivet 1ilinois Zine { Tmp Oil Can (35, | Imp T Br(.815¢) - B a3 m | showing heated P 200 | Kantas, U & %o g, | 132150 Tilino s | aska. U S T few 133 1.40a45. U FOREIGN EXCHANGES. NEW YORK. Julv 29 (P —Foreign ex €hange firm: 'Great Britain in dollar others in cents Great B 4977 cables 4 H0-day 4063} France. demand caple:. demand i Demands—Bel unguo:ed: 1 Pnluni IS Austria, 18.8 <0 S R0fan: Honzkohe Montreal 00: Shaneha 55 Mexico® Citv New' York g treal. 100.01%. FREIGHT LOADINGS NEW ° YORK. July 24 (.— Revenue freight carloadings on railroads reporting | today for the week ended July =4 in- | cluded: | n- 4| Maj kad & T MONTREAL SILVER. MONTREAL. July 29 (. —8ilver 4758 opened steady. §'to 10 higher §50b. Beptember, .70b: 65b. b—Bid. A fu- July, December. | Iud Ser { Ital Superpwr A | Ital Supdebrt __ | Jacobs Co (1ag) .. ! Kingsberry Br i Knott Corp(.208) Ind Ter 111 A o Pl Indus Finan pf _ insC N Am(za)- Int Hyd-Elec pt Inter Pet(133a) Tnter Prod Inter Rad (.85g)_ Int Home E(.44)_ Tnters Hos(2%)- Invest Roy Ir Fire vte (1.20) Jeannette Gla __. Kinzston Pr(.40) Leiizh C&N(.30) Leonard Oil Lion Oil (1a) Lit Bros Locke S Ch(.80a) Lockheed Aire . Lone St G (.40g) _. Loug Is L pf(7) Louis L&E(.40) .. MceWillms D .25 » T G S e e 6 B B W Marion St Shov__ Massey Harris Mead John (3a) __ MemphNG (.10g). Mesabi Iron_ Mich Bumper_. b g [SY9Te- o) 1241 124Y 5% 5% | Pac G& T 2:30 Btockand Bales— Dividend Rate. Add 00. Mich G & O 2 Mich St Tu (18) 2 Mid St Pet A vie_ 10 Midvale (2g) ___ 258 Molybdenum ~ _ 1 MoodyIn pt pf(3) 25m Mount Prod (.60) 1 Nach Spre (113) - at Bellas Hess . Nat Contnr(i;g). at Rub Mch____ at Service Nat Sug Ref (2) Nat Un Rad Nebel Nehi Corp (1x) N H Clock (1) NJ Zine (2a) ___100s N Y Auction 2 NY Wat Serpf___ 10 Niag Hud Pow 18 Niag Hud 1pf(5). 10x Niag H2pf (5) . 508 Niprg Mns(iig). 1 Noma El (46g) 3 Nor Am Lt&Pow. 2 Nor Am L&P pf 1008 NAmRA (150g) 2 Nor Burop Oil 3 NorStPA_ 2 O Brass B(1%45). 2Tbs Ohio PS pf A (T)_ 20s OKla Nat Gas pf_. 2008 Oldetyme Dist 2 I1pf1lg Pac Pub Sve __ Pan-Am Air(1) .- Pantepec Oil | Parkh'e R&R R0 Pat Ply M (1g) Pender Gro (B) Pennroad (1 e) Pa P&LEpL (7) Pa Salt (3% &) Pa Wat & Po (4) Pepperell (i) Pierce Gov 30z _ Pitney-Bow (40)_ Pitts P G141 Polaris M Potrero Sugar Powdrell& A i Premier Gld .12a. Pressed Met (2)_. Prod Corp 5 spper McC (r)- Prosperity B PSInd $6 pf P Sind$7prof Pug S P $5pf6 ik 1 Pug Sd P $6 pf___ 1008 | Ry & Lt Sec 30g_ 1758 Raym Cone (1a)- 60s . Low. Close. 8y 8% 15% 16 M b 8312 831 93 9y 34 344 6% 15% 2! 14l 10 | Yukon Gold .06 | or Red Bank Oil - | Reed Ro Bit .80a . Reiter-Fost Reli'ce F Rexnolds Inv tichmond Rad toot Pet (14g) vpe (1g) FA () verson & H Tap 2005 n Sezal Lock | Seiberling Rut Selected Indus elInd(al ct)513. 100 elect Ind ev 3k €lInd prpf 5i; | Seversky Aire attuck Denn 2 herwin-Wms 4a 508 Simmons HEP __ Simplic Pat lgg - olar Mg (.20g). onotone Soss Mfe (1,) South Pipe 20g _ Spencer 8 1.04g _ Stand Inv pf StOilKy (1a) St Oil Neb (3 | StPow & Lt SUSIl-L (02g) 14 Steel Spiig) Stand Tuhe B __ rrett Cor vtc . tein A&Co S0 terl Alump G0g Sterl Inc ( 20a) Stutz Mo Am (r)_ 1508 107 50 43 AE) - 103 e m El pf Tastyeast A Technicolor Tech-HG (.40a) - Texon Oil (.60) _ | Thew Shovel 400, | Tilo Roof (1) . Todd Ship (2) _ Trans-Lux (.20)_ Transwest Oil___ | Tubize Chat Tung-Sol Lamp_. Unit Gas Unit Gas war ‘nit Gas pf (7) nit Lt & Pow A ‘nit Lt & Pev pf nit Milk P 11.g ‘nit Shipyds R ‘nit Shoe M 2133 nit Spee (1.40) TS & Int Sec Stores < nit Ver Ext 1g . nit Wall P.15g. niv C til Pw & Lt (r)_ I P& Lpf (1) | Ctility Equit____ Utility & Ind pf _ Van Nor M T 160 Walker Min Wavne Kntt M Weishm BB 40a. Wellington Oil Wentw'th M .15g. Willms(RC).30g | Wright Har .40a_ Yne StID (14g) 50s 8% [N 6815 2 3 rIn bankruptcy or receivership or 1 1 1 R 1 1 5 1 4 reorganized under the Bankruptcy Aet. securities assumed by such companies Rates of dividends in the foregoing table or are annual disbursements based on the last | i quarterly or semi-annual declaration less otherwise noted. special or extra divi- dends are not included A AlSo extra or extras. fPavable in stock. @ Declared or paid so far this year. no rezular rate hCach or stock Accumulated dividend paid declared fais year ww_With we rants. xw Without warrants. rants € Paid last year war War- NEW YORK PRODUCE NEW YORK. July 20 (#.—-Eggs. 13.0 teadier. Mixed colors. special packs. standards. 22'2-%4: other mixed prices unchaneed Butter. 12,808 (97 score changed changed Live poultry by freizht Fowls, colored. "21- Leghorn. f7-1 Other' freight prices unchanged. By express slow hut_firm. Leshorn Rocks. 22-74¢ Reds sses Broilers. unfed. Crosses. 2. Fowls.' colored. 10-23. Leghorn 20. Old roosters 14. Turkeys. hens. unfed. 20, Ducks. 19 Dressed poultry’ steady to Arm. Fresh and frozen old roosters 15'2-18 Frozen chickens broilers, 20-25. Other dressed prices unchange s U. S. TREASURY NOTES. NEW YORK. July 29 (@.—Prices aquoted 1n doliats and thirty-seconds Approx. Asked. “yleld. steady. Creamerv. erades extr 5 u Che: steady to firm, == 2323535553 22388 333332333 333557 2232222 2333 2333332233233 FOREIGN MARKETS. LONDON. July 29 (2. —The stock market closed steady today. Oil and mining_shares were in good demand. especially Kaffirs. American rails declined further. but other trans-Atlantics were firm. Gilt-edged | ;Iut :ere easier, while German bonds im- roye PARIE —The Bourse closed irreqular today, with international issues firm. In- dustrials weskened. Bankint shares and government bonds were uneven. Bank of France ended 70 points net lower. Suez Canal gained substantially. 325 TONS OF LEAD SOLD. NEW YORK, July 29 (P).—St. Joseph Lead Co. reports 325 tons of pig lead from Southeast Missouri mines sold yesterday at $5.85 per hun- dred pounds 8t. Louis. A v, | Sidiaries being | Un- | Broilers. | HE EVENING STAR, WASHINGTON, NEW YORK CURB MARKET CONTINENTAL O1L NETS §41%3.3% Quarter’s Profit Compares With $2,241,746 in Same 1936 Period. By ihe Associatea Pre NEW YORK, July 29.—-Continental Oil Co. reported for the quarter ended June 30 net income of $4,193.335, equal to 89 cents a share on capital stock This compared with $2,241,746. or 47 cents a share, in the June quarter last year. G. A. Transportation. General American Transportation Corp. reported June quarter net profit of $1,381,380, equal to $1.35 a share on 1,017,603 shares of capital stock. against $722,564, or 75 cents a share on 961,000 shares, in the June quarter last year. The company manufac- tures and leases refrigerator, tank and other types of freight cars. American Rolling Mill. American Rolling Mill Co. of Mid- dletown, Ohio. reported June quarter consolidated net earnings of $4.321,854, | the highest of any quarter in the com- pany's history, and equal to $1.50 a share on common stock. In the second quarter last year earnings were $1,- 561,161, or 68 cents a common share, Stewart-Warner Corp. Stewart-Warner Corp. of Chicago | | reported consolidated net profit of | $700,663 for the quarter ended June | 30, equal to 56 cents a share on capi- ] stock. This compared with $6: 1034, or 50 cents a share, for the like period last year. St. Joseph Lead Co. St. Joseph Lead Co. reported for the | six months ended June 30 net profit of $4.507.360, equal to $230, on capital stock. This compared with $647.175. or 33 cents a share, in the first half last | year, National Aviation. National Aviation Corp. an invest- | ment company, reported indicated | liquidating value of $1595 a share uf capital stock as of June 30, again:t $16.07 a share on December, 31. 1936, | and $15.27 a share on June 30, 1936. Parke, Davis & Co. Parke. Davis & Co., drug manufac- turers, Detroit, Mi for the June quarter reported indicat et profit of $1,816.794, equal to 37 cents a com- mon share, against S1 cents in the like 1936 quarter Loose-Wiles Biscuit. Loose-Wiles Biscuit Co. and sidiaries, for the June quarter | ported indicated net profit of $147.1 | equal to 18 cents & common sh: against $288.309, or 45 cents, preceding quarter. and $3 cents, in the June Hershey Chocolate. Hershey Chocolate Corp. and sul Hershey, Pa . for the quarter ended June 30 reported net pro: | $658.819, equal. after preferred d | dend requireme to 58 cents a com- mon share,- against $662.134, or 58 cents, in the like 1936 quarter. Royal Typewriter. Royal Typewriter Co, with main plant at Hartford, Conn., and branch plant at Montreal. Canada, for the June qu: r revealed indicated net | profit of £488.899, before undistributed profits surtax, equal to $157 a com- | mon share, against $1.154640, or $4.05. in the preceding quarter, $616.082, or $2.05, quarter. sub- re- of in the June, 1936, Pennsylvania Water. Pennsylvania Water & Power Co., for the first six months of 1937, re- ported net income of $1.215.441. equal, | after preferred dividends, to $2.70 a | common share. against $£1.065,605, or $2.35, In the like 1936 period. uperheater Co. Co., and Canadian affi- liate, makers of locomotive, marine | and stationary boilers, with principal plant at East Chicago, Ind. for the June quarter showed indicated net income of $754.009. equal to 83 cents A common s Azainst $858.844. or 95 cents in the preceding quarter and $408.953, or 46 cents in the like 1936 | quarter. Superhe Willys-Overland. Willys-Overland Motors, Inc., and | subsidiaries, Toledo, Ohio, for the | period since reorganization, from Oc- tober8, 1936, to May 31, 1937, reported net profit of $504.541 before undis- tributed profits surtax. equal after | preferred dividend requirements to 18 cents a common share. Houston 0il Co. Houston Oil Co. of Texas and sub- sidiary, Houston Pipe Line Co., for the | June quarter reported net profit of | $456.046 before undistributed profits | surtax, equal after quarterly dividend | Tequirements on 6 per cent preferred | stock, in arrears, to 20 cents a com- | mon share, against $123.868 or 34 N cents a preferred share in the like 1936 period. Pittsburgh Coal. Pittsburgh Coal Co. for the June quarter reports net loss of $270,046, against net loss of $735,604 in the like 1936 quarter. Childs Co. Childs Co. and subsidiaries, restau-~ rant chain, for the June quarter re- | ported indicated net profit of $95.064, equal after quarterly requirements on 7 per cent preferred stock on which there is an accumulation of unpaid dividends, to 9 cents a common share, | against $104,201 or 12 cents in the preceding quarter and $24,047 or 64 cents a preferred share in the June, 1936, quarter. American Zinc, Lead. American Zinc, Lead & Smelting Co, and subsidiaries for the June quarter reported net profit of $81.074 before undistributed profits surtax, equal to $1.25 a share on the $5 convertible prior preferred stock. This compares | with net income of $92,530, equal after | preferred requirements to 1 cent a common share in the preceding quar- ter, and $10,669, or 14 cents a pre- ferred share, in the June, 1936, quar- ter. = PLANT TO COST $1,000,000. NEW YORK, July 29 (Special).— August Kochs, president of Victor Chemical Works, today announced that the company had completed plans to build a new plant costing approximate- ly $1,000,000 on a tract of 130 acres which has just been purchased at Mount Pleasant, Tenn. BEGISTRATION STATEMENTS By the Associated Press. Registration statements for new sccuri- ties filed today with the Securities Com- mission included: Hercules Powder Co., Wilmington. Del.. $4.471.350 of common’ stock, for working capital: no underwriter. amem Box Co., Chicago. $477.621 pital stock.’ for debt Suipment-and working capital; writer. Chefford Master Manufacturing Co.. Fair- field. TIl.. $220.000 of $5 par 612 per cent cumulative convertible preferred stock. for debt retirement. equipment and working capital: underwriter, F. N. Kneeland. Inc. Bridgeport Coach’ Lace Co.. Bridgeport. Conn., $140.000 of $25 commos xtock, for redemption of R per cent preferred stock and debt retirement; no underwriter. I of retirement, no under- | $2.000.000 in passen D. C, THURSDAY, JULY 29, 1937. FINANCIAL. Jobs Trend in Manufacturing Plants 1919 20 21 ‘22 '3 ‘M [4] SOURCE OF DATA: U. S. BUREAU OF LABOR STATISTICS 1923-25=100 2% ‘% 7 8 ' W 3 100> B P G Mt 32 '3 U RAIL FARE BOOST PLANNED INWEST !Increase From 2 to 2V, Cents a Mile to Affect First- Class Travel Only. | By the Associated Press CHICAGO, July 29.—The Western Association of Railway Executives dis- closed today an increase from 2 cents to 2's cents a mile for first-class round-trip tickets on all Western ra roads would become effective Oc- tober 16 W. Siddall, secretary. who is also chairman of the Transcontinental and Western Passenger Association, said the increase would affect o this type of travel and rates for four other classifications would remain the same as they have been since December | 1, 1933 The effective date for the increase comes one day after the Summer ex- cursion rates expire. Siddall said the old scale of rates | was a reduction in 1933 from the 3.6 cent ered wa roun xperimental found the rate for -t travel was out of line.” he “but the others were satisfac- Factors entering into for the increase, he said, creased cost o ies upon the railroad. road retirement and train limitation m si rate would be as low or lower than the rate for similar type of travel in any other part of the country.” Rail authorities estimated the in- crease would mea the decision included in- waze dema taxes for rail the 70-car freigh ure. er revenue, pos- sibly higher if popularity of Western streamlined rail travel continued to increase. and ¢ Rancamer Bankers Basic P Ne Indusiry d In Corp Tr Corp Tr Accun Acc griculture Sec Automobile Sec Building p Sec Chemical Sec Food Sec Tnvest Shrs 8ec Petroleum Sec R R Eaquip Group Sec Sieel on-Cust Fund B-3 r Shrs Corp Marvland Fund Mass Invest Tr Mutual Nation Nation Wide 11 Investors Tnvest . Bidg Supply__ ¥ Stocks. Elec Eouim Y Stocks. Insurance ¥ Stocks. Machi: Y Stocks. R R N Y 'Stocks. Steel North Am_ Bond Tr Nor Am Tr_Shares ctfs Nor Am Tr Sh 1 Nor Am Tr 8h | Plymouth Fund Inc Quarterlv Income Sh Schoellkopf-Hutton & Pom Selected Am Sh Inc Selected Income Sh Sovereign _Investors Spencer Trask Fund Stand Am Tr Shrs Stand Util Inc Super of Am Super of Am Super of Am Super of Am Super of Am Super of Am Tr Supervised Shrs ‘irustee Stand Inv C Trustee Stand Inv D Trusteed Am Bk Trusteed Industry Wellington Fund INSURANCE STOCKS g Shrs Bid. Asked, Aetna Cas El 98 Aetna Ins ( Aetna Life Am Equit_(1:60a) Am Ins Nwk ‘'2a Am Remns (.R0g) xd__ Am Reserve (1a) Am Surety ) Automobile (1a) Balt Amer (20a) xd_ Carolina '(1.30) City of N Y (1.20) Conn Gen Life (R0) Contin Cas (1.20) Fid & Dep (4a Firemans Nwk (.30) Frank Fire (ia) Gen Reinsur (2) Glen Falls (1.60) Globe & Rep (.80a) Globe & Rut Grea Hanove Hartford Fire (2) Home Fire Sec Home Ins (1a) Homestead (1) Knickerbocker (.80) Lincoln Pire Maryland Cas Mass Bond (313) Natl Fire (2) Natl Liberty (.208) _ N Hampshire (1.60a)__ N Y Fire (.80a) Nor River (1) Phoenix (2a) Prov Wash (1) Revere (P) In (1.30) Rossia Ins (.60a)" St Paul Fire (fia) _ Springfleld (4'2a) _ Sun Life (72g) Travelers (16) U 8 Fire (2) 53 ‘Westchester (1.20a) 33% A—Also extrs or extras. €—Declared or paid so far this year. b 3291 Begh &3 ORI 55 35% a-mile standard and was consid- | first-class | all contended the new 2! ,-cent | a gain of about | (P —New York | 5 | Lincoin | Wash. Ry BULOVA WATCH VOTES FOR STOCK INCREASE B the Associatec Press NEW YORK. July 29.—Stockholders of Bulova Watch Cw, Inc., approved BITUMINOUS OUTPUT UP SHARPLY IN WEEK ‘The National Coal Association, from incomplete car-loading reports from the railroads, estimates bituminous at the annual meeting an increase n | coal production in the United States | authorized common stock to 500,000 | for the week ended July 24 as approxi- shares from 325,000 shares. A reduction in capital represented by outstanding common stock from $3.- | 699,381 to $2,521.132, the difference to be transferred to surplus, was also ap- proved Authorization by stockholders was likewise granted for the elimination of 50,000 shares of $3.50 convertible pre- ferred which have been retired. COLUMBIA G. & E. GAINS NEW YORK. July 29 (#)-—Colum- bia Gas & Electric Corp. is doing con- siderably improved business in both its natural gas and electric services during the second quarter of the year, Philip Gossler, chairman, stated. Co- umbia’s natural gas business was mainly responsible for this improve- ment. he added, but power sales con- tributed. Washmgton Exchange SALE! ashington Gas Light. new—10 at 5'¢. 5 at 25, 5 at 25, 10 at 25, 10 at 25, 10 at 25, 10 at 25. American Security & Trust at 293, Bid and Asked Prices. BONDS. PUBLIC UTILITY Co—2 Bic s S0 104 Gas 3¢ gt Wash. Rwy, & Elec. 45 MISCELLANEOUS Y Chase Club Ist 4.8 untry Club 1st 4148 106 101 100 100 STOCKS. PUBLIC UTILITY. . o 105 113 111 & Wash. Gas Li’ riew (1730 Wasn. Ry, & EL com. (1)) & Eiprd 5) BANK AND TRUST COMPANY Amer. Sec & To. Coce5) Cap: A Liberty (4 Sav. & Greories Bk Riges (€R) Rigss fd. (5 Weshington (6 Wasn. Loan & Tr. (%) FIRE INSURANCE 100 8125 s & Tr Reai Estate MISCELLANEOUS Carpel Corp. (2 0y Lanston Monotvpe (+4) Lincon Serv. com. (1 0a) 1coin Serv. pfd (3.50 Mergentialer Lino. 200 Peoples Dr. 8t com. (71 00) Peoples Dr_8t. pfd. (A.50 Real Est. M&G. pi (**.30) Security Storage (%) Ter. Ref & Wh Corp Wdwd. & Loth com wdwd. & Loth. pfd. *Ex-dividend. b Books_closed +PIus extras. e 2. xtrazaasei 10 111 Zonmenans S nl 8T a R I 3 4150 “paid June paid December 22. 1936, er—Ex-tights 0 to be paid out of surplus July Asriculture) —Finer ols had A moderate call was larzer ‘than in recent clip of scoured basis lengths. and 9 small lots of aver lengths. Texas wools sold occa- cents scoured ba h Texas wools sold at 0n- scoured basis. for greasy lots ang a6 rrn\t for scoured lots. RAILWAY INCOME NEW YORK. July 29 (P —Net operating income (before " fixed charges and other income) of railroads reporting today for June inciuded few 05-07 1837 £11.080 073 150639 5 Gulf Coast Piits & ‘West Virginia Deficit Acked. | | mately 7.150.000 net tons. for the corresponding week, 288.000 tons; 1936, 1935, 6.358,000 tons. Production ‘The report of the Bureau of Mines | shows production of 6,420,000 tons rorl | the week enced July 10 and 6.975,000 | | elec | steacy n for the week ended July 17, 1937 Production calendar year to July 24 19. 006 tons *Subject to revision. STEEL INGOT RATE . 245,566,000 tons; 1936, 222.492,- | RISES TWO POINTS Operations Move Contraseason- ally to 84 Per Cent, According to Daily Metal Trade. | Bs the Associated Press. CLEVELAND, Ohio, July 29.—Daily | Metal Trade today says Steelmaking operations appear to | mov ing upward contraseasopally consumers continuing to spec tivel; At rate is estimated at 84 per capacit cent up 2 points since a week Resumption of production at planis | xey yor recently closed for caused the ug was exerted by which persisis on a broad New Buying is restricted. but backlogs are believed large enough support h buying movement begins have been extended for quarter. Leading producers sheets now of current base prices on such prodt for the last quarter but revisi vacations part {ront ‘:n with ac- ¢ idweek the national ingot | S#n Francisco of | sea ago. 1 irn, but major influence | consuming demand, mill to production until the Fall- Most prices | the fourth! of galvanized | are announcing extension | extras and functional allowances \n“ be effected this period. Included is | the cancellation of the $2 per ton job- ber allowance. METAL MARKET. NEW YORK July 24 ®.—Cop. olvuic. spol and future, 14 Tin: steady Tuture New York. spot pot: 3RS £xp 1430 spo AT 4 00-1 58 30-R2 6.00-05." East Louis Louis LONG TERM Mortgage Loans - steacy ot nearby Lead st ¥ A—19 CLEARINGS RISE WELL ABOVE 193 Total for 22 Leading Cities Falls Slightly Below Preceding Week, BY the Associatea Press, NEW YORK, July 29 —Although bank clearings for the current perind fell slightly below those of the week preceding. the aggregate was considera ably larger than in the corresponding week of 1936, When 1t dropped abruptly from the previous week Total clearings for 22 leading cities for the week ended July 28, as re- ported to Dun & Bradstreet, was $5,« 451,538.000, compared with $4.637,981 000 in the like period of 1936, a gain of 17.5 per cent. This contrasted with & loss of 0.3 per cent in the similar comparison for the week preceding. At New York the aggregate $3.321.633.000 against $2 for the same week a crease of 22.1 per cent. Exc York, the turnover amo 129,905,000, compared h 441,000 in the corresponding week, & rise of 11.0 per cent Clearings this week fell $263 842000 from those of the week preceding The comparison for the two similar weeks | of 1936 showed & loss of $1.093 251,000 Except for a small decrease Omaha, all cities reported larger tot than a year ago. Some of the lml!‘r gains included Kansas City, 4 |cent; Seattle, 207 per cent; Da 120.1 per cent; Portland, Oreg. 188 per cent; Cleveland, 179 per cent, and Chicago, 17.3 per cent Clearings at leading cities, together with percentage gains and losses com- pared with those of 1936, follow; al:n the dally average bank clearings for June and Jul; was 719,540,000 an in ding New to $2,« $1,918.« 1936 €ar ago, wi Week July 28, Per ceny 1937, change 44 060 New Orleans Chicako Kanss: Sa Portland, Orez. tle T k Total all _ Averaze Dally. July (10 date) 1,000 | June May __. 1 MONEY MARK.ET NEW YORK. J ay: 1 per cent a jcial paper 1 per ce | 60-90" davs 17 e bangers Tediscount rate. i 1 | NEW YOBK BAR SILVER. | NEW YORK ver steady and unchanged at 4434 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM’'S FURNITURE HOUSE 1416 Eye 8t. N.W. Phone NA. 2184 By~ Monthly Payments of $6.60 on each $1,000 borrowed, include interest and pay off loan in 20 years. ® Interest charged only on unpaid balance of principal. ® Amount loaned—up to 6625 % of appraised value. ® Valuable prcpaymen: privi. leges. Orher plans of financing first mortgage loans available H. L. RUST COMPANY 1001 Eifteenth Sc NAtional 8100 REAL ESTATE LOANS On Improved property in D. C. and Arlington County, Va. Charles Kattelmann Arthur C. Balser Wilfred H. Blanz_ Guy M. Neely __ NO COMMISSIONS RENEWALS UNNECESSARY A P plications invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with SOUND security offered. Before you re- finance, build or remodel—See us. Vice President Secretary Treasurer The American has been helping the people of Washington to acquire homes for the past 63 years. American Building Assoriation 300 Pennsylvania Ave. S. E. ASSETS LEPHONE e OVER $9,700,000 UNDER U. 8. GOV'T SUPERVISION