Evening Star Newspaper, July 30, 1937, Page 15

FINANCIAL. SPECIALTIES RISE ON CURB MARKET Few Score Modest Gains. Utilities and Oils at Steady Levels. By the Associated Press. NEW YORK, July 30.—A few ape- clalties ran up modest gains in a list- less curb market today. Utilities and oils held fairly steady as most stocks fluctuated in a narrow range. Eagle Picher jumped up nearly 2 points and E. W. Bliss advanced around 1!5. Hearns Stores and F. L. Jacobs were slightly higher, while Technicolor dropped a fraction. Electric Bond & Share worked up around 7y, while American Light & * Traction kept even and Niagara Hud- son Power and American Gas & Elec- tric drifted down fractions. Creole Petroleum lifted a trifie and Imperial Oil, Sunray Oil and Gulf Oil were unchanged. CURB BONDS DOMESTIC BONDS. Nigh. Low. Noon. B33 10434 101% 8 72 10113 P X1y 10614 Indiana Ge S Indiana Ser Interst Interst Towa-N L& N i 2 S, 1083, : ANz 933, a an a4 105 % 104 R0z 101 10478 10414 | 1hats Unit Lt ‘& Px s Va Pub § 3l Wis P& L 45 York Rwy Co FOREIGN BONDS. B8ad Con B 5% g Chil < A Corp At '45 4 D% maturity reported in receivership. Wasliinfiton Exchange SALES—AFTER CALL. Lanston Monotype—4 at 86 Mergenthaler Linotype—10 at 4315, 10 | at 4315, Potomac Electric Power 5'5% pfd.—2 at 111, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Tel. 455 Anacosuis & Potomac 3 & Pot. Guar c % F T i Ve Cap. Traction R R. 5 City & Suburban 3¢ Georgetown, Gas 18t 5 Pot. Elsc 3 8533530232 Wath, Bay. % B 4 MISCELLANEOUS Chevy Chase Club 1st 4'es | ol Country Club Ist 4148 1 W. M. Cold Storage 5s 1 STOCKS. PUBLIC UTILITY. Amer_ Tel. & Tel. (9) Capital Transit Co. & . Steamboat (6 - ) 3127 Pl (5.50) Wash. Gas Lt new (1.50) Wash. Ry. & El. com. (38) Wash. Ry. & EL pfd. (5) Toats BANK AND TRUH COMPANY mer. Sec & Tr. Co. (eR) 29! nk of Bethesda (h.7. Clmlll 14) & sfl\mns (e10) _ MB’Y!V 4 Lincoln dR 25) §L G!.' ‘é& & Tr. (.50 eOTges ) Riger b o Rirgs ofd. (5) ‘Washington (6) Wash. Loan & Tr. (ef) FIRE INSURANCE. American (8) Corcoran (51 = Firemen’s (1.20) National Union (.60) TITLE INSURANCE, lumbia (30) ___ al Estate (6) = mscm»movs ‘arpel Corp, (2.0 Foron Monotipe. (+4) Lincoln Serv, . (1100 ncoln Serv. 0) ergenthaler 355 33% 251 L iss abh 3 nwm *Ex-dividend. ‘b—Books closed. 2% extrs, 111 extrs. 28c paid June 30, 193 8¢ pald Deecmber 2 €50 to be paid out of surplus July 81. 19’3' REGISTRATION STATEMENTS. By the Associated Press. Registration statements for new securi- ties filed today with the Securities Com- mission {ncluded: American Spring & Manufacturing Corp.. Holly, Mich.. 100.000 shares of $1 par value' common stock. for working capital; underwriter to be named later Detrola Corp.. Detroit. $787.500 of $1 ar common stock. for retirement of bank oans and for eouipment and working capital underwriter. Tobey & Co. Acceptance Oorp.. Bethlehem. $103.538 of $5 par Class A common working _capital: underwriter, Co. ont_Co.. Chicago. $400.- nt R-vear secured notes 8 and $450.000 f %1 Dar cApitel lor debt retirement and working capital: no underwriter named. ” 11 Cen&sSw Ut 2| ChiefCons _. .| Gray Tel P S THE EVENING NEW YORK CURB MARKET By private wire direct to the Btar. 330 Stockand Sale Dividend Rate. Add 00. High. Low. Closs. Acme W vte (28) 758 47 47 47 Aero Sup Mfg B_. 1 4 4 4 Alum Co pf (6) _ B0s 1161 11615 116% Alum Gds (11%28) 1 16% 16% 16% Alum Ind (40)__ B0 T ™% T4 Alum Ltd - 2008 115 115 llfi Am Airlines_ 2 26 254 Amer Cap (A 3 6% 64 5‘4 Am Centrifugal .. 2 3% 3% Am Cit P&L(3h). 05s 35 35 3 A CP&L B(.30g). 1 8% b4 5% Am Cyan B (.60). 10 3314 33% 33% Am & Fgn P war_ 8 3 3 3 Am Gen i bt 1 104 !0% 10% Am G & E1(1.40)_ 5 36% 3€ AmG &E pf (8)_ 1508 109 108‘5 109 Am Hard Rub __ 2508 24% 24! AmInv (11D1.60_ 2 28% | Am L&T(1.20a) . 4 194 Am Mfg (28) - 50s 4R Am Maracaibo Am Seal Kap __.. Am Sup Power. Am Sup Ppf_. Ashld O&R(.40).. ASGEELA AsG&Elpf_ As G&El war __ At Cst Fish(.35g) Atlas Corp war .. Austin Silver M _. Automat Prod... Avery & Sons. Axton Fis A_ | Babcock& W (3g). Bald Bond rt (r)_ Barium Sta St 2 4% Bath 1 W(6%f)_ 1 9% Bellanca Aire_ 3 64 Rell Aire___ 1 15% RBell T l‘n pf(fl‘;) 508 1151 e 2 P T TSP 40s 24 25s 128 8 1y Blumenthal (8) . Bow R Bear (1g) Rowm Bilt H = <L, (.008) - ster Aero __ Pt Ma(12g). Brown F Dist __ Bri F&W (80g)_ Rruce Co (E L) Buckeye PL(3g)_ 100 N&EPpf(1.60) _ Hl&S(1%).0 l Bur Lid(.1628) =y 4 Cab Kl Prvie ¥ 1 19 2 1 1 1 . 3 2 1 2 - Can Hydro El pf_ Can Mare Wire__ Carib Syn (138) Carnegie Met_ Carrier Corp ___ Carter J W(.40g) Castle A M (2) Catalin Am_ Cellulofd o S H Cen St Fl ntrif Pi (40) _ | Ch Riv&EM (. 308 Cities Service ._ CitServpf _ | Claude Neon Lt __ Cleve Tract Colon Develop A Colon Devlev pf_ Col Fuel&I war_ | ColumO &G _. | Comwith Ed (3) { Comlth & So war_ I Cons Bise (.60) _ |‘ 'ons Cop Min - Con G&E B(3.60) | CG&EB pf A(5) . | Cons Ret Strs | Cons Steel Corp | Cooper-Bess Copperwdstl(2) { Cord Corp ‘osden Petro__ __ | Cosden Petro pt Cont Roll & Stl__ Creole Pet (128) - | Crocker wh'____ | Crown C Pet _ Crown D pf(1.75) Cusi Mex ______. Darby Pet (13) _ Dayton R A (3K) Dennison Mf 1 pt Derby Oil o S moarlnacanparneS S mnan RIS a A AN 113 T 2 1| Der Oil pf (2k) _ | DetG&Mpt(1.20) Det Gray Ir (.04). Det Mich Stove _ Diveo Tw C(.40) - Dom St & Coal Driver-Harr 1% Dubilier Con. _ Duke Pwr (2g) _ Duro Test (.40) Eag Pi Ld(.20g) - East Gas & F F(.&P 6% pt(3)_ | E G&Fprpf(41z) EIP As A (.158)- Ll P & L war }-qnu\ Corp vans Wallo. Ex-Cell-0 C(.40g) Fairchild Av Falstaff Brew ___ Fedrs MIg(338) Ferro Enam (%g) | Fidelio Brew.. Fisk Rub Ford M Can A (1) Fd M Ltd(.2138) - Frankl Ray . Fruehauf T.30g - Gen Firepfg .558- Gen Tel (143%) GenT & Rub _ _ Georg Pow pt(6). Gilhert (AC) Gorham vte 2.25¢ Grand Nat Films. GrRapV (1) _ (1)- Gt A&P nv (6a) GreenT&D _ Groc Str Prod __ Gulf 0il (328) Hall Lamp(.20g). Hazeltine (3) Hn D Stra(1.65g) Hecla Min (.45g). Hewitt Rub(1%g) Hoe(R)&Co A Holling G1d (.6 Horn&Hard(2) _ Hud BM&S(%g). Humble Oil (134} Hummel RF .40g Hygrade Fd J11 Jowa Pow . 111 Towa Pow pf. 111 Ja P div et Imp Oil Can (¥ Imp O Can rg t4a Ind Pipe L(.30g)_ Ind Serv 6% pf Indus Finan vte . Int Hyd-Elec pf_. Inter Pet(1%a)_. Inter Rad (.85g)- Inter Util B Inter U war new Ir Fire vte (1.20) Jacobs Co (1%4§)-. Jeannette Gla Jonas & N (.15g). Jones & Lau Stl_. Kingston Pr(.40) Knott Corp(.20g) Kruger Brew (1a) Lake Sh M (42) __ Lakey Fdy & M __ Lefcourt Real pf_ Lehigh C&N(.30) Leonard Ofl_____. Lion Oil (1a) Locke § Ch(.808). Lockheed Airc_ Lone St G(.40g) - Long IsLt __ Louis L&E(.40) _. Lynch Corp(3g) - McWilims D . Mass Util Asso Massey Harris . Mead John (3a)_ Merritt-C&S __ Merritt-C-S wars Mer-C&Spt A Mesabi Iron Mich Bumper Michigan Sug___. Midwest O (3%8)- Mock J Vo(.30g) - Molybdenum Moore Cop (1.4 60) 2263 Moore (T) Dis 4 3y Mount City Cop__ 1 10 Mount Prod (.60) 3 6% Mt 5t T&T (8).-- 208 143% l“% I“K 80 i D 10 3N 10 O o - = AR N HA R 0 BN S 8 » SNE FePuapmi 14% ~rm 5 5 & 1110% 110% 110% 5.0 s 1 12% 124 13 12% 50 - o 13% 9 50 491 20% 3 Y - | Starrett Cor ytc_ | Unit Milk P 135 2:30 Stockand Sales— Dividend Rate. Add 00. Mur O M(.60%) . l Nat Bak (13a) __ Nat Bellas Hess _. Nat City LI(%§). Nat Contnr(%g). [ at Fuel G (1) -. 3 Nat P & Lt pt (68) 1001 at Service at Sug Ref (2). | NEng P Apf(6)_1008 H Clock (1%) 1 N J Zinc (2a) ___ 1508 NY&HRo=(1%g) 2008 N Y Shipbldg Fd_ 1 Niag Hud Pow __. 21 Niag Hud A war_. 1 Niag Hud B war_ 1 Niag Hud 1pf(5). 258 Nipi'g Mns(}4g). 1 Noma EI (.40g8) . 1 Nor Am Lt&Pow. 1 Nor Am L&P pf_. 100s NAmR A (1.50g) 4 NAm RayB1%g 1 NIPS6%Dpf(23,k) 708 NorPipe L(%g)- 2 NorStPA___ : 4 Ohio PS pf A (7). 10s Okla Nat Gas. 1 PacG&E1pfi1Yy 4 Pac Tin spl (2a)_ 260! Pan-Am Alr(1) Pantepec Ofl - Parkb'gs R&R .. ker Pen (2) Pennroad (1 e) Pa P&Lt pf (7) Pharis T & R.60_ Phillips Pkg PhoenixSec(%a). Tines Winterf't _ Ploneer G1d(.40) Pitts P G1(4148) - Potrero Sugar Powdrell&A .35%. Premier Gld .12a. Prod Corp. . Prosperity B _ Prov Gas (.80) Pruden Inv Prud Inv pf (8) P S Ind $6 pf P SInd$7prof . Pyrene (.20g) Quaker Oats () Rainbow Lum B_ Raytheon Mfg 513 5% Red Bank Oil__. 141 Reiter-Fost ____ ¥ T Reynolds Inv__ 14 RioGr V G vte__, & Roosevelt Fd _ 2% Root Pet (1 g) Rustless I & § Ryan Cons. Ryerson & H St Anth Gold St Lawrence Ltd . St Regis Pap ___ Savoy Oil Scovill Mg (18)- Segal Lock & Seiberling Rub__ Selby Shoe .30g Seversky Afre.__ Shattuck Denn _ haw W&P(.80) Sherwin-Wms 4a 100 Simmons H& P Simplic Pat 1z . Solar Mfg (.208)- Sonotone 5 Soas Mfx (13) _ 30 So Calkd pf 1.50a 30s South Pipe .20g 1 Southld Roy .20g So Penn Oil 115 Span&Gen A D Spencer S 1.05g _ Std Cap & S 1.60a Stan Dredg cv pf. 508 Stand Invpf ____ 508 StOil Ky (1a)_ St Oil Ohio (1) St Pow & Lt StPow & Lpf __ Hll'h. Low. Close. 19% 19% 19% 10 2 25% 2.7'4 107 107 107 13!y 13% 134 oo 2.2 Sad l"fl llR'y ll'l‘a 2 g| 2% 9 2% % 151, 9"1 2% k) 1009 59 19 1O =4 00 = 19 19 _ 1008 124 100 30 2% 124 100 291 521 5314 10% 10% 14 114 3 u " 3258 408 408 4 6 3 3 5 | Stand Prod(%g)- ‘ll Sil-L (.02g) | Std Stes1 Sp(1g) Stand Tube B __ Sterchi Br Str Sterl Inc (.20a) _ Stetson(JB)112g 508 Stutz Mo Am (). 1 Sullivan Mach __ 1 Sunray Oil .15g - 17 Super'r P Cem B_ 50s Swiss-Am El pf_. 1008 Taggart Tavlor K Dist.30. Tech-H G (.40a) ‘Technicolor Thew Shovel Tob Pr Exp .156._ Tol Ed 6% pf (6) - Trans-Lux (.20)_ Transwest Oi Tri-Cont war ‘Tublze Chat ___ Tung-Sol Lamp _ Unit Gas = Unit Gas war____ Unit Gas pt (7). Union G Can .60 . Unit Lt & Pow A Unit Lt & Pevpf 1174w 1174% 10% 10% > = Tl 51 30 TUnit Pr Sh (.10g) 17 Unit Shipyds B _ Unit Spec (1.40) _ United Stra vte _ USFoil B (%)~ U S Rub Recl U S Stores USStrs1pf _ Unit Ver Ext 1 Unit Wall P15, Univ Corp vte Univ Pict ____ Utica G&B pf (T) Util Pw & Lt (1) Venez Mex Ofl Vogt Mfg (.80) Wayne Knit M Weilington 0il Wentw'th M .15g. Woolw Ltd .539g_ Wright Har .40a Yestn St1 D 2,508 67% Yukon Gold .06g. 13 34 3. 34 r In bankruptcy or receivership. or being reorganized under the Bankruptcy Act, or securities assumed by such companies. Rates of dividends in the foregoing table € snnual disbursements based on the last au n- fess otherwise noted. special of exira divi- dends are not included. 130 extra or extras. 7! £ Payabe in (X Declared or paid 30 far this ye gular rate. h Cash or siock. " X Accumulated dividend” paid or_deciared this year. ww— rants. xw Without warrants. rants. TRADE VOLUMES DOWN IN ATLANTA DISTRICT By the Associated Press, ATLANTA, July 30.—Retail and wholesale trade declined in the sixth Federal Reserve district during June and early July, but there was encour- aging increase in cotton mill activity, coal mining, pig iron production and construction contracts. ‘The monthly report of the Federal Reserve bank for the States of Ala- bama, Filorida, Georgla, Louisiana, Tennessee and Mississippi showed loans, investments and deposits at member banks dropped off in recent weeks. Wholesale trade, reflected by 70 re- porting firms, dropped 4.6 per cent from May to June, although there was & gain in sales of groceries, drugs and furniture. SHARP GAIN REPORTED IN LOCKHEED PROFITS By the Assoclated Press. LOS ANGELES, July 30.—Robert E. Gross, president, reported Lock- heed Aircraft Co.'s earnings for the first xix months of 1937 totaled $281,- 562 after deductions of all charges, in- cludmx normal Federal income taxes. This profit was equal to 43 cents per share on the 659,213 shares outstand- ing and compared with net profits of 8 cents a share on 506,389 shares out- standing in the same period of 1936 and $100,125 or 15 cents & share for the entire year of 1936. Reaching an all-time high, the backlog of orders on the company’s n © 3 & ARAE o 0 T (O 010 58 S E e eeporrges- ) 6Ly 133 84 9 5 183 8% 6% 70 & Paid I tock, books at the end of the first six % | months stood st $3,137,374, compared with $916,000 & year ago. . | lima beans, bushel, | balls, | crate, STAR STEEL EARNINGS WELL MAINTAINED Total for Five Major Firms Shows Little Decline. Gains Offset Losses. By the Associated Press. NEW YORK, July 30.—The ‘“big five” of the steel industry, producing more than half of the Nation's output, reaped net earnings of $51,884,302 in the second quarter of the year, only $432,922 less than the first three- month period, despite reductions in the profits of the three independents harassed by strikes. General improvement in the indus- try was predicted by Eugene G. Grace, president of Bethlehem, largest inde- pendent, in reporting a more liberal dividend policy, raised from $1.00 to $1.50, and net earnings of $10,022,874, the largest quarterly net in seven years. ‘The $1,729,041 gain by Bethlehem over the first quarter plus the $7,612,- 149 rise in U. 8. Steel profits, nearly offset the drop in net earnings of the Republic Iron & Steel, Inland Steel and Youngstown Sheet & Tube. Republic's net in the second quarter was $5,079,383 less than in the first three months period; Sheet & Tube, $2,863,908 less and Inland, $1,830,391 lower. Bethlehem, last of the big five to report for the second quarter, showed earnings equivalent to $256 a share, against $2.01 a share on net income of $8,293.833 in the first three months, It was the best quarter since the first three months in 1930, when Bethle- hem earned $10,077,486, or $2.60 a share. “We have a nice backlog of orders and it is safe to say that we have hit the low in the present decline and expect to see a general improvement from now on,” said Grace in making public the report yesterday. Net earnings for the fust and sec- ond quarter for the big five shown in the following table: Concern U. 8. Steel Bethlehem Republic Inland quarter. Totals l Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., July 30—Pota- toes, per 100-pound sack, 75a1.10; barrel, 1.40a1.65; nearby, bushel, 50a 60; sweet potatoes, old, bushel, 60a 125; new, bushel, 75a2.00; beans, bushel, 65a75; nearby, bushel, 75a90; beets, nearby, bunch, 11,a2!z; cab- bage, round type, bushel, 35a40: 50- pound sack, 50; carrots, California, crate, 3.00a4.00; Pennsylvania and New Jersey, dozen bunches, 30a40; bunch, 2':a3!;; cauliflower, ; celery, crate, 50a2.00; corn, nearby, sugar. dozen, 15a20; cu- cumbers, bushel, 35a65; nearby, half- bushel, 25a35; eggplants, bushel, 1.25a 1.50; nearby, half-bushel, 75; lettuce, California, Iceberg, crate, 1.00a2.75; Eastern, Big Boston, crate, 15a60; 1.10a1.50; onions, 50-pound sack, 50a80: peas, bushel, 1.25a2.25; peppers, bushel, 40a60; nearby, half-bushel, 25a35; spinach, nearby, half-bushel, 50a6 squash, nearby, half-bushel, 25a35; tomatoes, half-bushel, 40a75; 12-quart basket, 25a65; nearby, half-bushel, 40a75; appies, bushel, 15a1.25; nearby, half- bushel, 15a25; cantaloupes, packed locally, bushel, 25a50; crate, 25a75; nearby, half-bushel, 10a50; honey crate, 2.50a300; hon dews, 1.25a1.40; huckleberries, quart, 10a12'3; peaches, bushel, 75a2.50; half-bushel, 75a150: nearby, half- bushel, 25a50; watermelons, each, | 8a30. Dairy Markets. Live Poultry. Broilers, Rocks, pound, 23a25; mixed colors, 23a24; all kinds, poor and thin, 16a18; Leghorns, 19a21; fowl, Rocks, 22a23; mixed col- ors, 20a22; Leghorns, 15a17; roosters, 12a14; ducks, 14al5. Eggs.—Current receipts, dozen, 21a 22; hennery whites, large, 25a26; me- dium, 22a24; reseipts, 2,228 cases. Butter.—Prints, pound, 34a35; good to fancy, creamery, 31a32; packing stock, 16a17; rolls, 19a20; receipts, 326 tubs. Live Stock Market. Cattle—50; scattered sales low cutter and cutter cows around steady at 4.5085.50, and shelly kinds 4.00 or less; other classes nominal; bulk me- dium and good grass fat steers this week, 11.:50a13.50, and grass fat cows, 6.00a8.00; plain and medium bulls, 5.5087.00. Calves—50; vealers fully steady; good grades, 10.50a11.00, mostly; plain and medium grades, 8.00a10.00. Hogs—575. mostly 10 cents higher than Thursday; good and choice 170 to 210 pounds, 13.45a13.65; top, 13.65; another new high for season; 220 to 250 pounds, 12.95a13.45; 260 to 300 pounds quoted 12:10a12.70; 140 to 160 pounds, 13.20a13.45; 120 to 140 pounds, 12.45a19.95; ' good grade sows, 10.85a 11.35; mostly around 11.00; stags quoted 9.50 down; hogs from doubtful areas and those fattened on garbage or swill not represented in above prices. Sheep—250; steady with Thursday, quality and sorts considered; good and choice ewe and wether lambs, 11.00a ‘11.25; bucks, 1.00 less; rail unloads absent; plain throwouts around 8.00a 8.50; sheep nominal; fat slaughter ewes quoted 4.50 down. Grain Market. Opening prices were: Wheat, No. 2 red Winter, garlicky, spot, domestic, 1.20; July delivery, 1.20. Settling prices were: Wheat, No. 2 red Winter, gar- licky, spot, domestic, 1.20%; July de- livery, 1.20%. Sales of cargoes on grade, 1.203,, 1.18%, 11635 and 1.143;, respectively, for numbers 2, 3, 4 and 5 red Winter, garlicky. Corn— No. 2, yellow, domestic, 1.18; Western billing at a premium over this price. Cob corn nominal. Oats—No. 2 white, domestic, 55a70; No. 3, 54a69; except grain on trac there is an addi- tional charge of 112 cents per bushel for storage and elevation on all sales of oats. Rye—No. 2, 75a80. Barley— 65a70. Hay—Receipts generally light, and while market is dull, values are well maintained. Good choice timothy and clover-mixed hay are selling mostly 17.00 to 22.00 per ton, but poor grades are hard to move, and the market is irregular on all grades below No. 3. Straw—Market quiet under fairly liberal receipts, but prices hold steady at 13.00 per ton for No. 1 wheat and No. 1 oat straw. Lower grades slow sales at irregular values. Sea Food Market. Catfish, per pound, 5a6; dressed, 8a10; carp, 3a4; eels, 8a10; haddock, 10; ‘mackerel, 5a6; white perch, 8s10; yellow perch, 10a12; trout, 7a8; bjue- fish, 10a12; flounders, 10a12; croakers, 5a8; rock, 10s12; spots, 548; hard- A WASHINGTON, Louf - Mich Mi D. C, FRIDAY, JULY 3 1937. FINANCIA Bumper Apple Crop Expected Each Basket Represents 20 Miskion Bushels there were %l mnny? e W fiwhfl*ffi L [ P MIRACLE MAN By Meredith S choll HBROES. they say, are made overnight, ~ which must be true, be- cause on April 9, 1937, Paul Bonney wasn't 8 hero and on April 10 of the same year he was. He had accom- plished a feat in aviation that, to ¥4 him, was part of \ his job, because it merely involved — setting his plane down in a half acre of landing field in a danger- ous mountain pass where, the night before, a trans- port plane had crashed with a half dozen celebri- ties on board and all hope for their rescue had been abandoned of them out and to a relief hospital in time to save their lives. The world acclaimed him a hero. Paul was naturally shy and naive. He was bewildered by his sudden popularity. He couldn't understand it. When reporters questioned him he made a botch of trying to express himself. He found it was easier not to talk. This made him more of a hero than ever. The world loves a modest man, a shy, naive, retiring, good-looking man. The world took Paul Bonney to its heart. Parties were held in his honor, parties at which he was presented to beautiful women, women who dazed and baffled him. Yet from the maze of gorgeous profiles one stood out in his mind—a brunette with blue eyes and a turned-up nose. She seemed different. She wasn't exotic or glamorous or awed. She was natural. He wanted to know her. “I've got to know her,” Haddock. “She’'s different. the loveliest thing I've ever seen. “I'll fix it.” Joel promised. Joel was Paul's manager. Where he had come from or who had hired him, Paul wasn't sure. He knew only that Joel was a miracle man for arranging things. The next day he and Joel attended a tea and miraculously Paul found himself seated at a table under a green and orange umbrella with Linda Mayhew, who was the girl of his dreams. She smiled at him and said, “Isn't it warm today?” It was the first commonplace remark Paul had heard in over a week and it completely baffled him. All his shyness and naivete came to torment him. He tried to say something witty and smart, something that would amuse this lovely creature, and couldn’t. He felt his face getting red and a damp- ness linder his collar. He muttered something that sounded like “It may rain tomorrow, though,” and then a crowd of people swooped down on them. JOEL HADDOCK arranged for Paul to see Linda Mayhew a half dozen times during the next month. But it was always the same. She always started the conversation by some com- monplace remarks and Paul always colored up and found that words stuck in his throat. He was miserable. He had fallen in love with the girl (his first experience with the business) and he couldn’t get to first base with her. He felt he told Joel She's head, 5a6; butterfish, 6a8; soft crabs, 60a1.75; hard crabs, barrel, 3.50a4.50; dozen, 30a45; crab meat, pound, 35a 45; shrimp, 18a20; clams, large, 100, 80a90; Cherrystones, 60a65; Little Necks, 50a55; frogs, each, 25a35. ‘Tobacco Market. Practically all grades of Maryland leaf tobacco are in good demand and prices for good common and medium grades are now higher than for the last two years. Quotations: Mary- land firm leaf, nondescript, 4 per pound; common, 4-12 medium, 13a 30; good to fine red, 31a40; seconds, common, 4a10; medium, 11a20; good to fine, 21a38. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Am Tel & Tel bias 43 Auburn Auto 438 3 2 Loco [58,530-C SHT BecR Sovp be %0 Caro. Clinch IhOhlo 58 '38_ Ches' & Ohlo 30 Edis’ Elec Ty 43 A Housfon Ol 5'%s Int Mer Marine 65 Int Tel & Te Laclede Gs L LACIERC Vi "Cont dn 2 Lenigh Vel Ter Ry 5s ‘41 L Isiand Gen z hea Nagh R R 4% 40 gent R R 4 40, dl R R of N R n Pus® & North Y, C & 8 L 8% notes 38 e S 592205 o' w! e Vanadinm com s Vertientes Sux Co Wab Warner Bros 61 30 Wes N Y & Pa Wettern Union Tel RAIL ISSUE AUTHORIZED. The Interstate Comme: Commission today authorised the . Portland & attle Railway Co. to {ssue $1.200.000 of 8, per cent equipment trust certificates. Proceeds will be used %o buy new stock. 1081, 101% Paul brought the bunch | - | Maryland Ci pretty terrible when Joel told him they were leaving on a lecture tour across the country. He felt that he was Jeaving behind the one thing he had ever really wanted. They started around the first of August. They stopped in a score of key cities. Paul lectured (reading from a prepared manuscript), was lionized at all sorts of social functions, talked on the radio, rode in parades. And his misery grew. He kept thinking of Linda Mayhew and curs- ing his shyness for not being able to make a good im- pression. Desperate, he appealed at last to Joel Haddock. “Joe, you're a whiz at meeting peo- ple and arranging things. Why can't you tell me what to say—when—I meet people?” “You mean certain people, eh?" said Joel wisely, “Forget it, kid. Il tell you what. After this tour is over we'll hop back East and spend a week at my place up in the Adirondacks resting up. No people or parties. Nothing but fishing for excitement.” “8well,” said Paul. But it didn't answer his problem. And he knew that as long as he was a hero he'd never be able to promote himself with Linda, because wherever he went folks would recognize him. Unreasonably, he blamed Joel Haddock. 'OWARD the middle of September they came back East and went up to Joel's camp. It was a lovely spot. There was a twang in the air first time in months he felt natural. | During the afternoon he took a walk by himself. It was fine being abeo- lutely alone for a change. He re- turned to the camp just before dinner and found a girl sitting on the porch. He atared at her, It was Linda May- hew. “Hello! Where you come from?” “Joe invited me up for a few day: “He did?> The old son-of-a-gun! Paul's eves glowed. He sat down. “You'll think me crazy, but you've been in my mind for months. I was afraid I'd never see you again.” “Goodness! I can't imagine why you'd want to see me again. I"— she laughed, blushing—"I must have been dreadfully dull, talking about the weather, I—I guess I'm naturally shy.” “Why, it was our remarks about the weather that made me like you. You—seemed so genuine.” He stared at her. “Say, did Joel know you were naturally shy?" “Why, yes, I've known Joel all my life. I—I told him I was sorry I'd made a botch of my talks with you.” Paul grinned. He hitched his chair closer. A sort of warm glow perme- ated his system. “Do you know, I think Joel's swell. He understands things and people. He—he's a sort of miracle man. He arranged all this—I mean, he knew. That {s—" Paul stopped. Words were sticking in his throat again. He blushed. “I understand,” Linda Mayhew laughed. “I think he's swell, too.” And Linda blushed also. (Copyright, 1937.) in the world did INSURANCE STOCKS NEW YORK. July 30 (P.—New York Security Dealers' Assoctation: Aetna Cas (?a) Aetna Ins (1.60)° Aetna Life (.R0a) Am Equit (i.80a) Am Ing Newark (t2a) Am Reins (.802) Am Reserve S Am Surety (273) Automobile (1a) Balt Amer (.20a) 3 19onats sl Eonn Gen Lit (80 Contln Cas (1.20) e1Ime k2591 Firemans Newark (.30) Frank Fire (13} Gen Reinsur (2) Glen Falls (1.60) Globe & Rep (.80f Globe & Rut Great Amer (1 Hanover (1.80) Hartford Fire (2) Home Fire Home Tns. (18) Homestead (1) Knickerbocker (R0Y C Lincoln Fire SR2Ci parcs LN s ) 8t Paul Fire (6 Springfeld (412a) 8un Life (7%aK) Travelers as re Ventchester (1,208~ —Als0 extra or extras. —Declared or paid 5o far this yesr, DI N1 PE P P s . 600 TONS OF LEAD SOLD. NEW YORK, July 30 (#).—St. Jos- eph Lead Co. reports 600 tons of pig lead from Southeast Missouri mines s0ld yesterday at $5.85 per 100 pounds, 8t. Louis. NEW YORK BAR SILVER. NEW YORK, July 30 (#).—Bar sttver steady and unchanged st $4%. BE8E ____ 7 Auto Production Drops to 86,403 Level for Week By the Associated Press. DETROIT, July 30.—Ward's Re- ports, Inc., estimated today that fac- tory output of automobiles and trucks for the current week would total 86,403 units, compared with 88055 last week and 97,755 in the comparable week of 1936. THE W HER District of Columbia—Generally fair tonight and tomorrow; temperature; light variable winds. Maryland and Virginia—Generally fair in the interior and probably show- ers on the coast tonight and tomorrow; little change in temperature, West Virginia—Generally fair to- night and tomorrow, except local thundershowers tomorrow afternoon; little change in temperature, River Report. Potomac clear and Shenandoah little muddy at Harpers Ferry; Falls, slightly mudd; cloudy today. Chain Bridge, Repert for Last 21 Hours. Temperature, Barometer, Yesterday— grees. Inches R4 3005 30.05 30.08 Reeord for Last (From noon yesterday Highest. £, at 2 pm. yesterday. a0 Towes, 69, ago, B2, 24 Hours. to noon today.) Year at 8 am. today. Year Record Temperatures This Year. Highest, 96. on July 17 Lowest, 10. on February 28. Humidity for Last 24 Hours. (From noon yesterday to noon todas.) Highest 98 per cent, at 6 am Lowest, 40 per cent, at 1.45 pm. Tide Tables. (Purnished by United States Coast and Geodetic Burvey.) Paul relaxed and feit good. For the | Low Sun. today Sun’ tomorrow . - Moon. today 13 iem 12 35m Automobile lights must be turned on one- half hour after sunse Precipitation. Monthly preciprtation in_inches in the Capital (current month to date) onth, Averag Record, January 7.83 ‘47 Sz ms BRSNS December 3 ‘Weather in Vnrions Clhn. Ba P ETIraree Stations, b ,, uw A Weathr | —-~ Cloud; Birmingham Bismarck. N. D. Boston. Mass._ 3010 Buffalo. N. Y. 2008 Charleston, 8.C. m» 08 Chicag 9 .9 Gincanati Ohio Cleveland,” Ohio Columbia. 8. C. 30 o6 Galveston. Helena. Mont Huron. 8. Dak. Indjanapolis Jacksonville Fla Kansas City. Mo. Los Angeles Louisville. Ky, Smana Neor. Philadelphia Phoenix. Ariz Pittsburgh. Pa. Salt Lake City San Antonio 8an Diego. Cal. 29.98 7 San Prancisco 2n:08 Tam WASH.. Cloudy FOREIGN. (7 am. Greenwich time. today < Temperajure, Weather. 34 ' Cloudy Cloudy Cloudy Cloudy Cloudy Cloudy Paris. Vienna, Austria Berlin,” Germany _ Brest. Prance Zurich. 8witzerland Btockholm. Sweden Cloudy Gibraltar 8pain 7R Cloudy Greenwich nme todar.) Horta (Pagal). AFores Cloudy (Current chservlmam) 8t Grorges, Bermuds Stn Juan, Puerto Rico__- Eton camay Zone i i8 ON IMPROVED little change in | Great | L. xx% A 1S $2.208,131 PROFIT EARNED BY 1.B. M. Business Machines Reports Big Gain Over Previous Quarter and 1936. Brieeial Dispatch to The Star. NEW YORK, July 30.—Interns- tional Business Machines Corp. earned for the quarter ended June 30 net ine come of $2,208,737, equal to $2384 & capital share, the company reported today. This compared with $2,169,- 311, or $2.80 a share in the preceding quarter and $1,942,080, or $2.62 a share in the corresponding period of 1938. For the first half year net was placed at $4378,048 before Federal surtax, or $5.64 a share, against $3.- 832,001, or $5.18 a share in the first six months of last year. The company’s plants are at Endie cott and Rochester, N. Y.; Dayton, ©Ohio, and Washington, D. C. Commercial Credit, Commercial Credit Co. installment finance concern, reported net incoms for the six months ended June 30 of $7,096,263 before Federal surtax, equal to $3.71 a common share, a new high record. This compared with $5.073.- 685, or $3.60 a common share in the first half of 1936. Otis Elevator. Otis Elevator Co., with principal plants at Yonkers and Buffalo, New York and Harrison, N. J. reported net profit today for the six months ended June 30 of $2361,149, after undistributed profits tax, equal to $1.08 a common share, compared with $934.819, or 37 cents a common share in the first half of 1936. —1’ Seaboard 0il Co. Seaboard Ofl Co. of Delaware, cruds oil producer, with principal opera tions in California, reported net profit for the quarter ended June 30 of $638.853, after Pederal income taxes, usual charges, intangible drilling and development costs and provision for contingencies, etc.. equal to 51 cents 8 share, compared with 8614082, or 49 cents a share, in the quarter of 1936. T. S. Freight Co. United States Freight Co., freight forwarding, trucking and warehousing concern, reported net income for the quarter ended June 30 of 832842, equal to 11 cents a share, compared with $179,529, or 60 cents a share, in the same quarter last year. For ths six months the company showed a net loss of $56.265. compared with net income of $267.740, or 89 cents a share, in the same period last year. CHICAGO LIVE STOCK CHICAGO, July 3 Depariment of Agric 3. including. 1300 _direct: hogs from 230 pounds down and packing sows. 10-18 higher than Thursday s average. butchers, 240, Pounds up. steady te 10 higher; bulk %00d_and choice 180-230 pounde. 13.10: top. 13.20: 18¢ S0 Jounds, 1 1300 -300 pounds.’ 13 00-83 2008 PACkINg SowE L8011 A the butcher order, 000: calves 300: practically 200d. choice or prime fed demand very narrow. following other killing classes ¥ in_ fairly dependabls few loads and scattered ote, \ikBLNEht and yeatimg seere a0 1150." including " Oklanoma (Srassers’ at few e 14 ‘most few light. weizhis on 1130 or k¢ o 9.50: cutter grades, d bulls_and vealers strong. buik usage bulls 0.50-5.00. sirongweishis to 5 vealers, 11.00-12.00. 11 3 a tret three amxm-s 8004 Wash- ington Spring lambs, 11.00: one deck, 80- pound Idahoes 1135 i scarce; sheep firm: sia FOREIGN EXCHANGES. " NEW YORK. July 30, i@ —Foreim exe change ritain_in_dollars, sn tain—Demand, s bills. 4.28%, Sp, on; Greece Czechosiovak: 10 Austria, 18870 Argentin Tokio 25 00 2 3076 "Mexico City. 27,85 ork: 68068, New York 3ta. in Montreal, n—Nominal. CONSTRUCTION LOANS and LOANS O! IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for cppruiscr if loan is not made. Interest balance charged only on unpaid of principal. EQUITABLE CO-OPERATIVE B UILDING ASSOCIATION 915 F STREET N.W. Organized 1879