Evening Star Newspaper, July 30, 1937, Page 13

FINANCIAL. FEDERAL BONDS REGISTER GAINS Price Changes Are Narrow. Rails, Utilities and In- dustrials Dull. Bond Averages Rails. Tnaust, UL, Net change Unc. Unc. Unc. Today, noon 92.1102.9 98.1 V. 92.1102.9 98.1 9221025 96.4 93.9103.5102.6 99.0 104.4 1028 9091022 95.8 -- 98.2104.4103.1 86.9101.8 99.3 458 40.0 64.6 r 101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon ____1112 Prev. day.111.3 Month ago 110.6 Year ago.111.8 1937 bigh. 113.7 1937 low.. 108.4 1936 high_ 1135 1936 low.. 110.2 1928 high. 104.4 1932 low. 86.8 1837 high 1937 low. (Compiled by the Associated Press.) By the Associaed Press NEW YORK. July 30.—Improve- ment in Government loans marked an | otherwise inactive bond marke Price shifts were extremely narr all sections of the list. rails, utilities and scant. Leaning forward a trifle in the rail category were St. Paul 5s, B. & O.! 425, Illinois Central 4% s and South- ern Pacific 4'.s. Erie 5s, Railway 4s and Great Northern 4s were unchanged Industrials lost headway and in some eases fell back. Bethlehem Steel 4!.s and the 33,5 kepi even. while Good- year 5s dropped a fraction. Youngs- town 3s gained a litile over a point ow in | Interest in | industrials was Utilities were mixed to slightly low- | & er. Consolidated Edison 3's and Co- lumbia Gas & Electric s slumped while International Hvdroelectric 6s advanced a minor Irarnon. DIVIDENDS ARE VOTED BY MONTGOMERY WARD By the Assaciated Press CHICAGO. Ju 30.—Montgomery Ward directors today declar dends of $1.75 a share on stock, payable October 1 to holders of record September 50 cents & shate on the common. pay- able October 15 to stockholders of record September 10. DIVIDENDS ANNOUNCED NEW YORK. J elared. prepared by tistics Corp.. stock- . and 30 —Dividends de- the Standard Sta- Stk of Pav- ecor: e m Meta <. esier Assoc Oll Arrears As Dry Gds 2nd pf SI1.7 Resumed. Lima Locomot ‘U 91 Hemmermill Pape 67 D! Q a cQ Q Q Q Q 0 Q Q Q Q W T Grant Transiux Davlight Pix NEW YORK BANK STOCKS NEW YORK. J —New York Eecurity Deaiers (Quotations as of o, > -1 Association 2 o'clock.) Asked 110 Gnem BK & Tr (1.80) Commercial (%) Cont Bk & Tr (S0) Corn Ex Bk & Tr (1) Empire Tr (i) First Nat Bos (2 First Natl Guaranty Irving Tr Manufacturers Tr (2) Manutscturers Tr pf (2) Natl A Shkudes exirn: o CHICAGO PRODUCE CHICAGO. July 30 (P —Poultry. livy 1 car. 56 tricks. weak. Hens. 41, poun: joless than 412 pounds, 19 1313: fryers. colored, Biymouth lnd White "Rock. backs. 1R olored. aha White ook pareback: 2 pounds up. 19 20: Springs. golored, 2 bar i Plymouth 17 Leg- s 1 197 N0 o Tufs and colored, 4!z Reeses. 12 prices tome hi 1. 11 steady; un- firm. Extra firsts : fresh graded first . 20: current receipts. storage-packed firsts. 203, Potatoes. 88; on track, United States shipments sunplies moderare. demand Sacked. hundredweight; California ~ White 8. No. 1. 2.40: Idaho Bliss Tri- 35-90;, Washington local, Lo, i Cob; U and partly best mostly around 1.25: o car. 6 750 Tilinois, U. 8. No. 1 abrukn U, 8 No. 1 ard partly ew d, 1.30-40; mostly around 30 Spenmerivania, 0. 8. “No. 1. 140. NEW YORK PRODUCE YORK. July 30 (P.—Egss, 19 £70: frm * Mixed colors atandards, o 23. firsts, 21-21%a. Other mixed prices wnchanged Buiter. 8.356; steads. Creamery. hisher han exiral i extra (02 81 firsts’ (RE-01 onds (B4-K7 scores) 8 Missouri. 0-30: sec: 2672-2713; centralized 702: steady and unchanged. freight d Fresh 21152 chickens, Pl i Other” dressed” prices essed poultry guiet but firm ehiekens. brotlers, 21-2 s NEW YORK SUGAR. NEW YORK. July 80 (#.—Sugar fu- $ures ruled steady today in s quiet market, rations were curtailed as the trade marked time “awaiting further develop- ments in the surar lesislation situation on. e undertone was steady with mod- erate buying by Cuban interests and trade quarters absorbing light commission house liquidation. Prices in midafternoon were off frac- tionally from the day's best levels. but atill net unchanged to 1 point higher on the No. 3 contract where September sold &t 2.54 and December at 2. ¥o. 4 Conkracts were uishanged to s Ym" et higher. September sold from 21 to 1.20'20and March from 1.30 to AR fires oy Slosed barely lo'or to her. ales steady. 3 R 450" tons !tnt!mberb November. 4hm: Jam: reh. i May. 231b; b—Bid. " n—Nomin: METAL MARKET. NEW YORK. July 30 (.—Copps Sicady: electrolytic spot and future. 100 export. 14.35- antimony. _auickstlver, And scheellte trichansed Southern | All 1 own below which the Exchange U S Gov't Bonds Foreign Bonds Domestic Bonds TREASU 3143 1949-5 | 3% 81941 318 1944-46 3105 1044-46 reg 3% 1946-56 43 1944-54 4353184345 2381942-47 3% 81964 381949 102.8 - 104.5 - 103.1 238 1942-44 238 1939-49 381952 - 101.2 = 1011 - 103.4 Abltibl Pa& Pw 5353 Aer Mtg Bk Col 68" Antioquia 7 Antioquia today, | Australia 5s Relgium 6s ‘55 Belzium 6 Berlin 6155 Berlin Elec 6s Brazil 633 Brazil 78'52 Brazil 88 41 Budapest 6s'62 Biiesnos 84 Rmn Adlg-47 1enos A 415'76 Aug Buenos A £s'61 st Pv. Bulgaria 7s'67 Canada 21,544 | Canada 2138’45 ! Canada 3867 (‘Anada 31561 Canada 6s ‘52 ‘Uu e 6360 ! Chile 63761 Jan Chile 6361 Sept. Chile 7542 | Chile Mtg Bk 6s Chile Mtg Bk 6562 Chile Mtg Bk 614 Chile Mtg Bk 63,5'61 Colombia 6s 61 Jan__ Colombia 6s '61 Oct - Copenhagen 41:8°53_ Denmarx 41:8'6 | Denmark 5% s | Frameric In Frankfort 61 French Gov 7 | French G 715841un st Ger C Bk A 65'60 Oct_ Ger Gov 5145 65 st | Ger Gov 5135'65 un st | Ger Rep 75749 stpd | Grt CElJap 6135, | Ital P U Crd Japan5las” | Japan 613s Kreug&Toll 55 Meaelinshiaiss = 50 Mex 48°10- 45asst sm Mex Ire 4135 43 asst_ Miag Mill M 7s Milan 615852 Nord Ry 6% Norway 4s 63 Ixorway 4ys Norway 412 Xurway 6s Orfental Dev 5145 '58 Oriental Dev 6353 Paris Orl Ry 535 '68. Pernambuco 78 '47 | Peru 6s 60 | Poland 6s 40 | Poland &8 ‘50 | Porto Alegre 85’6 Prussia 6s 52 i * | Queensland 6s°47_. Rhine Rhur 6s '53 Rhine W EI P Rio de Jan 8s°46 Rio Grdo Sul 7s "66 .. Rio Gr do Sul 68 '68_ Rio Grdo Sul 7s'67._. Rio Gr do Sul 8s'46_. Rome 6138’52 Sao Paulo C 63 Sao Paulo C 8s'52 Sao Paulo St 78 40 Sao Paulo St 6s'68 | Sao Paulo St 78’56 Sao Paulo St 8536, Sao Paulo St 88 ‘50 Serbs 78°62._ | Tokio 516861 Tatwan Elec 53 { Toklo E L Ltd 6s Uruguay 6s°60 Yokohoma €s'61 Alleg Corp 58’44 Alleg Corp 58 49 Alleg Corp 58°50 stp . Allied Stores 4%s'51. Am & For Pw 65 2030 Am Intl 5%s°49 Am 1 G Ch6%8'49, AmT&T 3%s'61 AmT & T 3%s'66 Am T & T 4%48°39 AmT&T6%s 43 Armour(Del)1st 48’56 Armour (Del) T A T&S Fe 48°09-"55_. A T&S Fead) 4595 st A T&S Fe gen 4896 Atlanta & Birm 45’33 Atl Coast L 1st 48°52 Atl Coast Liclt 48°53. AtICLun4%s'64 __ Atl Coast Line 58 °45_ Atlantic & D 2d55'48 B&O 1st 4s 48 B&O 4%s'60._ O 1st 5848 Oref 5395 A.. o o L L, DR ref 53 2000 D... Oref6s'95C_ B & O PLE&W V4 B&OSwnbs'50_ Bell Tel of Pa 55'60 C. Beth Steel %8 Beth Steel 43860 Bos & Me 6856 B& B& B& B& B& Bklyn Ed con 3% 8 Bklyn Man T 438 Bklyn Un E1 68°50 __ Bklyn Un Gas 65 '45_. Buff GE4%s'81B__. Buff R&P con 4%58'57 Bush Term con 68 55. Buah Ter Bldz 68 '60. Calif Packing 53 40 Can‘dian NR 438 ‘51 Can'dian NR 415856 Can'dian NR 41857 Can'dian NR 4% ‘55 Cln dian N 6569 July n'dian N db 64846 ndnn P db 48 parp Can'dian Pac %846 Can’dian Pac 4% ‘60 Can'dian Pac 68’54 .. Car & Gen 6360 ww_ Central Fdry cv b Cent [1l E& G 6861 Centof N J gen 6887 Cent of NJ #n 65'87rg. ‘cam Pac 5860 Approximate Transactions Today. FEDERAL FARM MORTGAGE. HOME OWNERS' LOAN. FOREIGN IONDS G 1097 Tylol Hy El ‘1‘/;-'5::_ 10013 COMESTIC BONDS. 1. 101% 101% 101% 102 102 102 THE EVE 8y private wire direct to The Star. is daylight Cert'd deb 5% ns 1s now operating. C& O gen4341'93 Chi B&Q ref 68 KF? Chi Grt West 4 Chi Ind & So CM&StP4s'8) ___ CM&StP gn 4%8'89 C CM&StP6s 16 _ CM&StP&P adj5s2000 Chi & NW gen 45°87_. |Chi & NW 458 49, [Chi & NW rf 6s 2037 C&NW Nr W 6%s 36 Chi R I&P rf 45 34 Chi R I&P rf 4s'34ctf. Chi R I&P gen 48’ 8- Chi R I&P 4% Chi R I&P 438 pd 2 Chi T H&S Inc 58°60 - Chi Un Sta 3%s 63 E Chi& W In con 48 '52 Chi& W Ind 4% s 62 Childs & Co 53°43 CCC&St L rf 4 %877E CCC&StLCW&M4s'91 Clev Cliffs Ir 4%5 '50. Clev El I113%5 65 Clev Un Ter 4%s°17_. Clev Un Ter 5873 B_. Clev Un Ter 5% 8'72A. Coal Riv RR 48’45 Colo & S0 4345 °80_ Columbla G & E 68 '52 May___ Columbia G&E = Colum Ry P&L 48 °65. Comel Credit 338’51 Com Inv Tr 3148’51 _ Conn R Pw3%5s 61 A | Cons Coal Del 58760 | Cons Ea N Y 33,846 Cons Ed N Y 316856 | Cons Gas XY 415551 Consol O11 3% s '61 (o] onsum Pwrdys fiG \sum P un 3% Consum Pwr 3% Crane Co 3%8°51 Crown Will P 6s 450,000 890,000 4,490,000 RY. Close. 1 991 103.12 101.17 100.17 100.14 101.16 107, 106.; 106. 110.29 112, 107, 102.8 1028 104.5 1045 2 103.12 103.12~ 101.2 1012 0 101.10 101.10 103.3 103.3 k1007 1010 10214 10674 « 106% 100 1011, 106', 109% Del & Hud ref 4s 43 Den& R G 415836 __ Den & RGW bs'55as Den & R G ref 6s'78_. Det Edison 3155 '66__. Det Edison 43 65 F__ Det Edison 4%38 ‘61 D DulSS & At Duquesne Lt 314 ETV&Gacnsa's6.. Elec Auto Lite 4s°52_ | 1 Paso N G 4348751 | Erie cons 4596 | Erio gen 45 | Erte ref 58767 e ref 5875 Fairbks Morse 4s ‘56 FlaECRy 5574 ___ en Am Inv 6852 . | Gen Mot Acc 3 45 ___ Gen Mot Ace 3% 51 | Gen Stl Cast 535549 Goodrich 434556 Goodrich 65 45 _ Goodvear T&R 68 Grt Nr Ry 3%s°67 Great N Ry 48 46 G__ Grt N Ry 4s 46 H GUNRgn41:s'76 D ;Gnsugnuz- E 102 | GrtN R gn 58’73 C. 6515 | GItNRBs 52 B logv | Gulf M& N 58 50 | Guit M&Ns5ys 100% | Gulf Sta St 43861 102% 1023 | Gult States Util 45'66 110 110% | Hock Val 4 2413 247x | Hudson Coal 109) Hudson Co G 1st 55'49 98 Hud & Man inc 55 '57_ a0 Hud & Man ref 65 '57_ ' | 111 Bell Tel 315870 "o | 11l Cent 3128 " ,|HliCentcoitra 111 Cent 43,8 ‘66 | 1L Cent Cairo B 4550 SUL N O 435863 281, 291, 100 943, 9974 1131 204 20% a9y 100% 102 651 104% 100% a8 ) Int R T 1st rf 58°66. LR T 1strf58'66 ctfs 5| Interlake iron 4m 47_ * | Int Agr-cl 542 Stp .. 243 | Int Hydro Elec 6544 | Int Mer Marine 6841 Int Pap 1st 53 '47 A__ Int Pap ref 6365 | Int T&T cv4 5 991; | James F & C 43’39 9Ra, | Jones& L Stl 444 s'61A Kanaw & M 4590 107 | Kans C Ter 18t 48 '60. 741, | Kans G&E 4735 '§0 781, | Kelth's 6546 o2 | Ky&Ind T 41,561 at_ 921, | Kings Co El 45 44 Kresge Found 31,847 | Laclede Gas 5839 __ | Laclede G 6%3 53 C T | 0 31% | Lake S&M So 3138 '97 241, | Lautaro Nit 19758 241, | Leh C&N 435854 A__ 111 | L Val Har 55 54 __ e | Leh VNY 435840 gtd | Len v P con'4s 2003 _ Leh V P con 4%s 2003 il ; Leh V RR con 58 2003 | Leh Val Ter 55’41 reg Ligg & Myers 78°44__ Loew's 314846 Lorlllard s 51 Lorillard 7s 44 La & Ark 58 69 Lou & Jeft Bld 45 '45_. L& N Ist 482003 L & N unif 45 '40 | L& N 4382003 C_| | L& N 582003 B L& N St L 3s'80 MecCrory Strs 58 °51__ McKess&Rob 61%8'50 Man S 15t 7358’4 2ctfs Manhat Ry 4s ‘30 Marion Sti Shov 6s'47 Market St Ry 7840 A Met Ed 1strf 4128 68 Mich Cent 4540 Mil El R&L 5861 Mil E] R&S L rf 58’71 MilSpa & N W 48°47_ Minn & St L rf 4s8°49_ MStP&SSM cn 4s°38 MStP&SSM 5838 gtd Mo K & T 1st 48°90 Mo K & T adj 6867 Mo Pac 48°76__ Mo Pac 58 '65 A ctf, Mo Pac 5877 F._ Mo Pac 6877 F ctf: Mo Pac 53’80 H ctf: Mo Pacific 6 811 Mo Pac 5881 I ctf: MoPacb%s’'49 A Mob & Ohio 414877 Mob & Oh M div 58'47. Mohawk & M 4s°'91 Mont Pwr 3%8°66 __ Morris & Es 3%s 2000 Morris&Essex 4% 8’55 Nashv C&St L 4878 Nassau Elec 45’51 std 2614 965, 87 62 9813 8013 96%% 8613 Nat R M 4377 asst__. Nat R M 41;8°26 asst Nat Ry Mex 43;8'57a8 Natl Steel 48 66_____ New E T&T 43%8 61 New Jer P&L 438 '60 New Orl PS6s'52 A New Or Ter 1at 48'53 New Orl T&M 43866 New Orl T&M b3 #'54 N Y Central 3%s ‘62 NY Central 3348 '97__ NY Central 338 '46__ NY Cent 4842 NY Cent con 48 NY Cent rf 448 2013_ NYCrf4%s2013n__ NY Cent rf 58 2013 NYC Mich C 3% NYCA&St L 18t 48'37_. NYChi&St L ¢s 4 NYCASt L 434878 NYC&St L 5%a"7 NY Chi& StL 6 NY Conn 1st 43585 NY Dock 18t 4s ‘61 __ NY Edison 3%s 65 D NY & Green L 5846 . NYLE Wn ols'42_ NY NH & H 3%8°56 NY NH & H 43 56___ NY NH & H 4857 1261 125‘& 96% 967 104% 104% 9% 80% 1% 1% 24% 24% 101% 101% 88's 88l 10215 102% 114% 114% 1057 1057 110% 111 801 80% 60 60 65% 65% 104 104 113% 113% 1133 113t 112% 115% 116 4 124% NYNH&Hecv 68'48 NY NH & H Cons Rys 4854 _ NY O&W ref 48'93__. NY Putnam 4s°93_ NYQueens con3 4 8" NY & Rich G 63 '51_. NY NY Steam 58 '56._. 106% 107 100% 100% 50 49 49 46%% 48% 46% 967 96 96 . \ High; 83 106% 110 103 107% 1097% 109 5874 101 997x 106% 9 “ 105% 104% 107 1034 100 10414 104% 104% NG Low. Clost 825 83 874 STAR, Low. Close. 30 30 107% 107% 12 12 103% 103% 26% 26% 116% 1168 1034 103% 1043, T4% 105% 96 NY S&W 1st rf 5s'37. NY Tel gen 438 °'39__ NY W&B 4%8°46 . Niag Falls P3%58'66._ Norf So 1st ref 5s'61. Norf & W 1st 45’98 North Am Ed 58’69 C North Am Ed 5%s'63 Nor'n Pac gen 38 2047 Nor'n Pac 4597 _ . Nor'n Pac 4%s 2047__ Nor’'n Pac 53 2047 D__ Nor'n Paa 6s 2047 Ohio Edison 3%s'72_ Ohlo Edison 48 ‘65 Ohlo Pub Sve 7847 __ Ont Pwr Niag 5543 Oreg Sh L 55 "46 gtd... Orex W RR 4s 61 Otis Steel 4148 '62_. PacG & E3%s 61__. PacG&E4s 64 ___ Pac T&T 2% s '66 C Para Broadway 3s ‘55 Paramount Pic 65 '55 Parmelee 6s '44 Penn Co 31,844 D. Penn Co ¢s '63 PennO& D 4%s8'77.. Penn P& L 4%8'81. Penn RR3%s w1 __. Penn RR 3%8°'70 C.. Penn RR ¢%s'81 D__ Penn RR 4% 584 Penn RR con 43%s'60. Penn RR gD 4338 '65_. Penn RR deb 438 70 Penn RR gen 63 '68 _ Peoria & E 15t 45 '40_ | Pere Marq 1st 4s'56._. Pere Marq 43 Pere Marq 1st | Phelps Dodge 3%s'52 4 1005 110% 981y 1041 | 1114 112% 119 106 91 1034 1074 10115 66 100 ' 10314 1(;7 71 | Phila B&W 4543 10215 1017 10914 1041, 1091, 10514 10415 1024 103 33'3 5 1914 104% 100% 104% 104% am 15t 58'51.. 1054 105% 105% --= 105% 105 105% NY Steam 1st 68'43_.. 106% 10§ 106% A5t Lo Phiia Co 5867 Phila Elec 31,867 __ Phila & R C&1 63 49 Philippine R PCC&St L bs Port Gen El 413 Porto Rico A T 6s " Postal Tel & C&s* BS Reading Jer C 43 Reading R 4 Republic Stl 4 Republic Stl 4238 °61_ nepubnc St 63, Rutland Can 48 ‘49 ___ Rutland RR 4345 °41_. Saguenay Pw 41,866 StJo Ry L T&P 65’37 StLP&NW 58 '48 StLRM&P 5855 St L-S Fran 4350 A St L-S F 4850 A ctfs Fran 413s'78 . |StL-SF 41,878 cf st. StL S W gn rf St P& Duluth 45 68 San A & A Pass 4s 43 San An P Sy 1007 1101, 15% T Skelly O11 45 °51 Socony Vac 314 105" 100 1067 101 9915 107 86 0 Pac Oreg 44877, So Ry gen 48°56 A_. SoRv bs'04 . __ | So Ry gen 6s 56._. | So Ry 672856 So Ry M& O 4s'38.__ S W Bell Tel 335 '64_ Southw’n G&E 48°60_ Staley A E 4s 46 Stand Ol N J 3s°61 Studebaker cv 6s ‘4 Swift & Co3%s 50 Tenn C&C 63 '44 B Tenn El Pw 65 47 A_. Term AsSt L 48" Texarkana 53 95 981, 90 2 1061, « 103 4« 1051 as « 106% | Texas & Pac 6379 C. | Texas & Pac 5380 D Tex & Pac 1st &3 2000 Third Av ref 460 __ Third A ad In ex 5566 | Tide Wat 011334552 Tol & Ohio C 33, '60. Tri-Contl Corp o5 '53. | Un El Chicago 5545 _. Un Ol of Cal 313852 Union Pac 314870 _. Union Pac 31,871 .. Union Pac 1st 4s 47, UnPac4s'4Treg . Un Pac Ist rf 4s 2008 Un Pac 1strt United Drug 58 U'S Rubber 58 '47 Utah P& L 5544 Ut P& L 6%8"47-. Vanadium cv 5841 Va Ry 1st 3% 66 A Wabash 1st fs 39 Wabash &s 76 B Walker HES 434545 Iworth 4s'55 ____ Warner Bros cv 6s ‘39 Warner-Quin 68'39 _ Wash Term 3135°45 _ West Penn P 334366, W Pa Pw 1st 55 63 E. W Sh Ist 432061 gtd_ Sh 1st 45 2061 reg_ n Md 1t 43 '52_ Wostn Pao 6546 A o8 Westn Un 6s West'n Un 53 Wheel Steel 413 White Sew M 68 40 wi Wis Cs&nr 48 36 cts Y'ngstn S&T 3128 °51. ¥'ngstn S&T 48 61 y 30 P (U S Depnrwrrwn) —Fine original bags of s had some )7 cents. scoure kooa " French combing ritory wools wools. raded territory wools were quiet, al- igh there was some outlet for combing -cighths ~ bloods at &;-80 cents, scoured basis Mosi_grades of spot fleeces were quiet. Clothing hree-eighihs blood Ohio fleece: however. had a limited demand at 9 cents in’ the grease. The coarse wools. in cluding low ‘quarter bloods. common and braid. had a moderate Gemand at strong prices for fleeces and territory lines. Buik length and good 12-months Texas U.S. TREASURY POSITION. By the Associated Press. he position of the Treasury July 28: Retriplx S118,413 : expenditures $R6.044.8. 2.652.505 cus 838 170.60. chrmu 48 the flscal vear (since July 61,308.600.67: expendit 7264 (ncliding $17 emergency expenditures) t 56332, Gross. debt. i inciease of SEOL over nu- _previous day. Gold b ip0o R, including $1.- of Unactive zold FOREIGN MARKETS. NEW YORK. July 3 (P.—Trading Was less active in today's stock market. Ths close was steady for inHustrials. oils and trans-Atlantics. Mines displayed strength. Home rails declined. Gilt-edged issues and European bonds were quiet. PARIS—Price movements on the Bourse continued uneven today. International is.- sues reversed a recent trend and closed Jepker. Governmen: bonds etsed generally, but Bank of France gained 30 ts. In- dustrials were irregular, MONEY MARKET. NEW YORK. July 30 (#.—Call money steady: 1 N t: bank % biances” an Der cent: bankers 'acceptapces un- changed: rediscount rate. New York Re defve Bank 115 ver cen O0DD-LOT DEALINGS. By the Assoclatec Press. The Securities Commission reported to- day these odd-lot transations by dealers ind specialists on the New York Stock men- ge for July 25 6187 & volving “167.002 88 Purchasen. lnvnlvml 143 RUBBER FUTUBES NEW YORK. July 30 (®.—Crude rub- per futures opened steady. o' to 17 higher. WASHINGTON, BONDS ON N. Y. STOCK EXCHANGE | Hot |and | record tour | the countr; | cent; [ Western _crates. Bentember, 5 mber, ~18.59-80; March. 18.68-69 S s Continental Ofl Co.—Common share earnings, six months ended June 30, were $1.68 against 93 cents,, ADVANCE SCORED BY RETAIL TRADE Store Sales Up 3 to 7 Per Cent in Week, According to Dun & Bradstreet. By the Associated Press. NEW YORK, July 30.—Most divi- sions of business held in a steadier course this week, although some lines dragged along at a slow pace, Dun & Bradstreet said today in the Weekly Review. Retail sales went ahead 3 to 7 per cent from the preceding week, but the extension of gains over the 1936 com- parable week was shortened in many districts, the agency said. Industrial operations, however, ‘dem- onstrated surprising Summer strength as customary seasonal recessions were further postponed in many divisions and more factories reopened after va- cation shutdowns. Of retail trade the Review said: “Summer merchandise moved with g celerity unmatched in many years. To the numerous special clearances, fea- turing price reductions, were added the attraction of early August promotions. weather brought a more rapid turnover of both lightweight clothing vacation accessories, helped by st travel in many parts of New England States reported gains over a year ago of from 8 to 12 per East, 8 to 18; Middle West, 12 to 20; Northwest, 14 to 20; South, 12 to 25; Southwest, 12 to 30, and Pacific Coast, 10 to 20. The agency gave fresh confirmation of the especially bright outlook for agriculture. It said: “Expansion of orders for farm implements, following the marketing of enlarged crops in most areas, forced manufacturers to add extra shifts, instead of observing the usual Summer reduction program at this period.” Buying in principal wholesale mar- kets, the Review said, failed to rise much from the rate of the preceding week. although orders continued gen- erous for early Fall requirements, GASOLINE BOOST DUE. NEW YORK. July 30 (#.—The | tank wagon price of third-grade gaso- line, kerosene and tractor fuel in :‘\nrlh Dakota, South Dakota, Minne- sota, Iowa and Wisconsin at points where prices are now subnormal will | be restored to normal basis, efTective August 2. the Standard Oil of India- ana announced. There will be no| change in price to dealers on third- grade gasoline. Washington Produce —_— BUTTER 1-pound prints 78 -pound b 1, 35: 0 scofe pound prints. 36 tub. narket strong MEATS- —Choice beef. © veal pring_lamb cows, fresh pork. pork’ loin. 26 frech hams skinned ham. 19 smoked hams. bacon siab bacon. 40, lazd. 13 LIVE STOCK— Pigs 11715 mediums 50 pound_ 11'4allls. heavies 1075al09s SOWS. 71240 "stag ’5ahi. calves, T Prices paid shippers. met { o b Wash- inzton by the United States Bureau of Agricultural Economics EGGS— Market steady to firm. U §. tras, mediums and U. 8 sfandards. € op PIBher " Curren: ‘receipts. 20-21 hennery’ whites Government eges U, 8§ tras. me- arze. 241, steadv fo wl: Col- Lechorns, cmc\»m Crosses ® less than ° . Fall Jam 0, frozen por S compound, 10%.a11 113,212 ligh “hite U. 8§ standards ~Market roosters, Rocks 22-93 2 Ceenarns. 2 Old. hens. 16-1 10 Virs 2'2 pounds k pounds 150" Cirkess: old toms. 13-14. Fruits and Vegetables. Bales in :nu_vm by original receivers to up to X _a market ch minim a-inch nch minimam, 88 cb lism Reds inch minimim ripe. low S to_size:” Wealthys, e-tneh R5; 21 B minimum. 1,00 nd overripe. all “Rambos. 2 s ineh *a-inch minimum, CANTALOUPES — Approximately 700 crates North Carolina by express arrive trick receipts moderate. supplies hiber demand slow: market weak. North Caro- Ridgeway section. salmon standards,_all _ sizes, plain, few Md., salmon meats, 2 50-1.00 HONEYDEWS_One' California aftived: roken cars on track. Supplies light: demand light: market steady Californ, standard and_fumbo cantaloupe crates, ali sizes 1.25-1 50, HO\'EYBALLS—SUD;:])M insufcient to CEiERY —No cariot arrivals: one broken §aT, on irack. Supplies Jight, demand light market steady ew York, 3 individually washed ozent 1 4, dozen, Michigan, H &_d PEACHES—One South Carolina arrived: two broken and one unbroken cars on track. Truck receipts moderate: supplies moderate: demand” slow. . marker et JorLh Carolina, bushel baskets Elvertas s Poo: varieties, minimum -1 Al few 50 £0-1.00; au 1.50-1.75 U Songition. basxets. 'Elbertas, minimum. 1.50-1.75 {air’ condition. 1.30: Virginia, bushel o Carmans and Rochester. U 8 No. ¥ inch mirimum. 50-35: Golden Jubilee, No' 17 2.t minimum 1 o0 WATERM!‘LOVS*BM( receipts equiva- lent to two cars Vireinia. Truck receipts iiberal: supplies liberal:" demand light: market weak. North and South Carolina, Tom _Watsons, {reight receints. 30 pound average. 40-50: {ruck receipts, 30-pound average 20-30 LETTUCE- Three California. one New York arrived: eleven broken and one un- broken cars 'on track. Supplies Iiber demand light: market steady. California, Yy Gn U. [ : New York, Eastern crates, Big Boston type, 2. dozen, Onion Prices Steady. ONIONS—No carlot arrivals: one broken cAr on track. Truck receipts moderate: supplies moderate; demand market dy };sn;uy}}an cks, vel- als: two broken lieht: ~ demand Golorado, “bushel 200 New €15 Door condition, 50 OES—Truck recepits moderate: supnies eaeatey demand_light: market jcady: 100-pound sacks, Cobblers U. 8 No. 1. 'East Shore of Maryland. 1.10-1. pnrt!y graded. 1.00: Pennsylvania, 1.1 1.25: New Jersey. 1.20-1 TOMATOESTruck receipts moderate: supplies moderate: demand lght: market New Jersey. 12-quart climax b VESETABLESNo_carlot Tivals: one broken car on tra LIMA BEANE—8upplies ‘moderate: mand slow: market steady. " Bushel h pers Delaware: 1.25: Eastern Shore, M CoRN ~—Supplies 5‘;' and Pen: 5 5. Dsey 588 SPINACH- Supplies light- d -na lght: market steady. Pennsylvania. bushel bas- ANGES—one California arrived: one car diversea; two broken and thres in- broken cars on f\fornia, “boxes, 4.00-6.50. to o T LEMoNs—cnflom boxes. No. 1. 7.80; No. 2. 6.00-6 ARROTS—Pennsylvania. = per dozen bunches, 30: bushel baskets. topped. 1.35- LUEBERRIESNew Jersey. cultivated. s, 30-35; :uér GCCOLI—Pearistivania. bushel crates, Florida. boxes. 1.00-1.50; DOS—Flo! boxes, 1.¢ \VOCAI Cubs Oventiated, Srates Pennsylvania. 20-25 per dozen 1'3 - bushel b‘%ABBAGI—Pflm"XV.m' P S s o carlot. arrivals: one broken car on tuck Californt boxes, Wickson. Nzfiksxnmamomu boxes, 2.00- LlMlB—PloHdA 4% boxes. 2.50-3.50; Y2 O NEAPPLES Cuba. erates. 3.00-3.25. "x-?%é’if.nmlu—vmmm 14-15 per hio, 16-quart baskets. "“i‘;‘m z:is—vmlnl-. Yi-bushel baskets, 10012 s—one (oo erTive broven Caf on o Buppiies steady. de- 1y~ dlmlml foderate: Bus] New D. C, FRIDAY, JULY 30 1937‘. Security Offerings Continue Drift To Lower Levels By the Associated Press. NEW YORK, July 30.—The decline in new financing continued into the week ended Thursday, a special com- pllation of new'bond and stock offer- ings made by Poor's Publishing Co. today showed: Total = Municipal Ipdustrial Uil 2 Stocx” Railrond Miscellaneous 19,086.669 350.000 FREIGHT LOADINGS AT 770,380 MARK Slight Increase for Week Leaves Total 5.5 Per Cent Above Year Ago. ~The Asso- adiusted weeklv of Treignt carloadings hased on i 0 as 100. declined today to 7.1 compared with K0} the previous week and 4.2 a year ago recent years E¥ the Associated Press.” The Association of American Rail- }rond.s reported today 770,980 cars of | revenue freight were loaded during the week ending last Saturday. This was an increase of 905 cars, or 0.01 per cent, compared with the preceding week; an increase of 39 999, or 5.5 per cent, year ago, and an increase of 175,408, or 29.5 per cent, compared with two years ago. The report classified the loadings as follows: Last Week Miscellaneous 305 714 3 T1 Less-than-car- Tot 185.600 10=1766 51648 Coal Grain and | products Wes! Y5.1%0 +3 351 districts ¥ 11,9587 Livestack q i T4o40 Western districts A &5 3,603 _produets . 41.800 . 1 Decrease. * Increase. S. E. C. ISSUES REPORT ON MEMBER DEALINGS | By the Associated Press. The Securities Commission said to- day transactions for their own ac- counts of members of the New York Stock Exchange amounted to 21.56 per cent of all trading on the Ex- change in the week ended July 3. Members' trading included 7.01 per | cent in transactions initiated on the | initiated off the floor and 9.40 per cent y specialists. | On the New York Curb Exchange, | member trading was 19.45 per cent of the total. {DOLLAR DRIFTS DOWN IN LONDON DEALINGS | By the Associated Press. LONDON, Juiy 30.—United States dollars were idle in today's foreign | exchange market. closing ' of a cent lower at 4.97 15-16 to the pound. against $4.977s for sterling in final New York trading yesterday. French f{rancs gained slightly at 13281 to the pound, against 132.84 the day before, PARIS, July 30 (®).—Rentes, per cent, 72 francs 90 centimes; 4'28 ‘A" 74.50; 4!2s, 1937, 9805 Exchange on London, 132.84. The dollar was quoted 26.677%. INVESTING COMPANIES NEW YORK. July 30 (P —New York Becurity Dealers’ ‘Association (Noon quotations ) Admin Rd 2nd Inc Am Business Shrs id. Asked. _ I8N 3 ) Bankers Nat inv C Basic Industry 5 Boston Fund Inc ____ Broad St Inv Bullock Pund Corporate Trust Corp Tr AA mod | Corp Tr Accum Ser Corp Tr Acc_mod Cumuiative Tr Sh Depos Bk Sh N ¥ A Depos Ins Shrs A Depos Ins Shrs B Diversified Tr C__ Dividend Shrs Equity Corp $3 pf Eidelity Fund Inc_ First Boston Corp B Fiscal Fund Bank: 8hrs_ Pixed Trust Sh Fiscal Fund Insurance Fixed Trust Sh B Found Tr Sh A Fund Investors Inc_ A Gerieral Capital Corp_ Gen Investors Tr Group Sec Agriculture Group Sec Automobile Group Sec Building _ Group Sec Chemical _ Group Sec Food Group Sec Invest Shrs_ Group Sec Merchandise _ Group Sec Mining __ Group Sec Petroleum Grour Bec R R Equip Group Sec Steel g Qeoun Bee Tobnsool Huron Holdin, Incorp Investors 2 Inst] Sec. Bank Group _ _ Instl Sec. Insurance __ Investors' Fd C Inc Keystone Cust Fund Mass Invest Tr___ Mutual Invest _ Nation Wide Sec Nation Wide Voting Stocks. Bldg Supply - Stocks. Elec Equip Stocks. Insurance Stocks. Machinery Quarterly Income 8h scnoonxupx-flumn & Pom_ Selected Am Sh Inc Selected Income 8h_ Sovereign Investors Spencer Trask Pund Stand Am Tr Shrs_ Stand Ouil Inc - Trusteed Industry Shrs Wellington Fund U. 8. TREASURY NOTES. NEW YORK, July 30 (7.~ Prices auoted in dollars and thirty-second: 2 B, A‘krd 100-24 101} el 3% S % 552 RPER. e w335 555555325 S 33233 EYEERR on D Lo L3 it EEFSRFIIESET 3323 o 34 H compared with a | T ity holding company, FINANClAL. $4,806,447 Compares With $7,619,838 in Comparable Period Last Year. By the Associated Press. NEW YORK, July 30.—Shell Union Oil Corp. reported today for the June quarter net income of $4.806447, equal to 33 cents a share on the com- mon stock after provision for preferred dividends. In the comparable period last year net income was $7,619,838, including & non-recurring item of $2.909,807 derived from sale of investments. Net income from operations in the 1936 period was $4,710,031, or 32 cents a share on the common. Gillette Safety Razor. Gillette Safety Razor Co., reported today for the quarter ended June 30 indicated net profit of $830,613, equal after preferred dividend requirements to 23 cents a common share. This compared with $1,254,720, or 44 cents a share in the preceding quarter and $1,007.451, or 31 cents a share in the June quarter of 1936. Murray Corp. Murray Corp. of American Aufomo- bile Body Builder, with plants at De- troit and Ecorse, Mich, reported con- solidated net profit for the second quarter of $313.821, | $357.319, or 38 cents a share in the preceding quarter and $682,769, or 73 | cents a share in the June quarter of 1936. C. W. Avery, president, said | the unfavorable comparison with last year's figudes was due to a narrower margin of profit caused by increased costs, United Gas. Consolidated net income of the Uriited Gas & Improvement Co, util- for the quarter ended June 30, was reported at $7,- | 719.057. equal after preferred dividend requirements to 29 cents a share on the common stock. This compared with $6.046.624. or 26 cents a share in the second quarter of last year, Engineers Public Service, Engineers Public Service Co.. pub- lic utility holding company with op- erations in principal States, reported consolidated net months ended June 30 of $3,293,755, equal after preferred dividend re- quirements to 51 cents a common share, compared with $2.474689 or $5.75 on combined preferred shares in | the preceding 12 months. American Metal Co. American Metal Co., Ltd., smelter and refiner and holder of foreign min- ing properties, reported net profit for the quarter ended June 30 of $I, 135,900, equal to 85 cents a common share, against $216430 or 9 cents a | share in the like 1936 quarter. floor of the exchange, 5.15 per cent | Addressograph-Multigraph. Addressograph-Multigraph Corg., makers of automatic office equlpmem Cleveland, reported net profit for the six months ended June 30 of $1,192.- 586 before Federal surtax, equal to $1.58 a common share, compared with $658.130 or 88 cents a common share in the first half of 1936. Consolidated Gas. Consolidated Gas, Electric Light & Power Co. of Baltimore reported net 30 of $1.727,004, equal after preferred dividends to $1.24 a common share, | compared Wwith $1.624,691 or $115 a | common share in the same period last year, Yellow Truck & Coach. Yellow Truck & Coach Manufac- turing Co., Pontiac., Mich. reported net profit for the six months ended | | June 30 of $1,576,649, equal after pre- | ferred dividend requirements to 36 cents on the combined Class “B" and common shares. This compared with $2.174431 or 78 cents on the com- bined Class “B" and common shares in the first half of 1936, MONTREAL SILVER MONTREAL. July 30 (P —Silver fures opened steady. 10 highe ber.” 44.80b: December. 44.850. b—Bid fu- Septem- o: March. Investments First mortgage notes, 67 well secured on con- Washingtos and near- by Maryland. Denominations of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years app! uw buildings ln All the Elements of a Sound Investment FIRST MORTGAGE NOTES Sound security to protect the principal in locations where values are increasing make Shannon & Luchs’ first mortgage notes a pre- ferred investment. SHANNON & LUCHS, Members of the Washington Real Estate Board 1505 H St. N.W. Natl. 2345 equal to 34 cents | a share on the common stock, against | income for the 12| income for the quarter ended June #¥3_ A—13 SHELL UNION NET |EXCESS RESERVES BELOW 133 MARK |~ OFF 60 MILLIONS Idle Funds Decline Close to $800,000,000 Level Dur- ing Latest Week, By the Associated Press. Excess bank reserves dropped to near the $800,000,000 level during the week ended July 28. These idle funds of member banks in the Reserve system declined $60.- 000,000 to $810,000,000 for the week, the Federal Reserve Board reported. The decrease followed a $90,000,000 drop last week, prior to which excess reserves had increased $210,000,000 in four weeks. Excess reserves provide the base for the Nation's credit, and the supply of such funds thus exerts a powerful in- fluence on credit conditions. In the past, Reserve officials have estimated $800,000,000 of excess reserves is ade= quate to maintain “easy money” cone ditions. The decline for the week ended July 28 was traceable in part to $44,000,000 increase in Treasury deposits with Fed- eral Reserve banks. This increase, which brought Treasury deposits to $228,000,000, presumably reflected a shift of funds from member banks to the Reserve institutions The board reported a $12,000,000 decline in money in circulation during the week to $6.424.000,000, or $301.- 000,000 over the same week last year, Gold stocks rose $29,000.000 to a new record peak of $12.433.000,000. The board's statement said: “During the week ended July 23 member bank reserve balances de~ creased $82.000,000. The reduction in member bank reserves resulted from increases of $20,000.000 in Treasury cash other than inactive gold, $44.- 000.000 in Treasury deposits with Pede eral Reserve banks and $47.000.000 in non-member deposits and other Fed- eral Reserve accounts and a decreace of $4,000.000 in Reserve bank credit offset in part by an increase of $21 - 000.000 in Treasury currency and a decrease of 812,000,000 in money in circulation. EXcess reserves of mem- ber banks on July 28 were estimated to be approximately . $810.000.000, a decrease of $60.000.000 for the week. Inactive gold included in the gold stock and in Treasury cash amounted to $1.202,000,000 on July 28, an in- crease of $29,000,000 for the week.” FEDERAL LAND BANKS NEW YORK. July 30 bank bonds Fem Rate, Maturity 1a; —Federal land i i 4 s 31 A 3 3 3 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM'S FURNITURE HOUSE 1416 Eye 8t. N.W. Phene NA. 2184 Money for Construction Loans and Loans on Existing Properties FIRST DEED OF TRUST ONLY GEORGEL BORGER Free to Executives 19 Bank and Trust Company Statements A reprint of reports of condi- tion of 19 Banks ond Trust Companies of Washington, D. C., as of June 30, 1937, which ap- peared in The Evening Star. Invelucble reference booklet. Free on request to Executives ond Investors. Address Ad- vertising Manager, The Euvening Qtar F irst Trust Loans . For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments ANEMBLR BUILOING |. Loan ASSOCIATION €oUNCIL 5 D.C. NATIONAL SnShEALSH 949 NINTH STREET,NW. HOME LOANS TO PURGHASE, . “/BUILD OR REFINANGE tuterest as lmv as Easy Monthly Payments as low as $7.50 per $1,000. No commissions or renewals. Taxes may be paid monthly. Investigate our economical loan plan. COLUMBIA BUILDING ASSOCIATION 716 V1th Street Opposite Palais Royal