Evening Star Newspaper, August 2, 1937, Page 17

FINANCIAL. LS G0 HIGHER DN CURB WARKET Utilities and Small Group of Miscellaneous Shares Decline. By the Assoclated Precs NEW YORK. August 2.—Slight de- clines in utility and a small group of miscellaneous shares contrasted with generally higher levels for oils| &nd industrial specialties on the curb market today. Gainers of minor fractions to a point included Sun Ray Oil, Creole sPetroleum, American Cyanamid “B.,” Fisk Rubber, St. Regis Paper, New Jersey Zinc and Consolidated Copper. On the offside were Electric Bond & Share, American Superpower, Ni- agri Hudson, Arkanses Natural Gas, United Gas, Hecla Mining and New- mont. QUOTATIONS FIRM ON WOOL MARKET By private wire direct to the 1:30 Stockand Salee— Dividend Rate. Add 00. High. Ainsworth (15g). 1 1314 Ala Pow pf (6) . 108 64's 6413 64ls Allied PrA (1%) 508 217 2115 21% Alum Co Am 1008 150% 147% 150t Alum Co pf (6)__ 1008 116% 116% 116% Alum Ltd___ 508117 11513117 Am Airlines 26 264 Amer Cap (A) Am Centrifugal . A CP&L B(.30g). Am Cyan B (.60). 29 Am Equit (.10g) 2 AmG&EI(140). 1 Am G & E pf (6)_ 1008 Am Gen §2 pf(2). 100s Am Laun M (.80) Am Maracaibo Am Seal Kap Am Sup Power _ Am Thrd pf(1g) Ang Wupp (.208) Appal E1 P pf (7) Arctur Rad Tub Ark Nat Gas Ark Nat Gas Ark Nat Gas pf _ Art Met Wke(.80) Ashld O&R(.40) ASG&EIA AsSG&FElpf _ At Cst Fish(.358) Atlas Corp war__. Austin Silver N Automat Prod___ Baldwn Rub (33). Bardstown Dis_ Barium Sta Stl tas, Low. Close. 1315 13% 3 5% 357a 3574 109 109 109 312 31y 311, 26% 268 26% 1% 1% 1% 9 8% 9 1a a1 % a4 4% 6 6 106 105 1a 14 M Ty ™ ™ 8t 11% bl 204 By the Associated Press. BOSTON, August 2.—Trading in the wool market was slow, but quotations | were firm today. Buyers showed little | interest in fleeces offered in Boston or from the Middle West, but asking | prices were firm and unchanged (rcm last week Country packed lots mmmnmg eombing and clothing lengths of three- | eighths and quarter-blood grades of Ohio wool were mostly firm at 43 cents in the grease, delivered East. Good French combing lengths, fine ter- ritory wools in original bags, had some inquiry and were firmly quoted at 95- 97 cents, scoured basis, Rich Area Reserved.. Russia is setting aside as a na- tional reserve a region in the Southern Ur: where 100 minerals are found. Geologists from the United States and other countries. who attended the con- gre; . visited this area on | an excursion. In the Iimen Mountains | they saw 100 different minerals | uted © an area In view of the nortance of these moun- their natural ons have been seun A scientific study of the region blished. the reserve Milk S(nlds Caesar. ilance men of Bolton ed a call they strained they asked that the he victim be repeated. It Caesar. Caesar—or just his pals—was aged 51, and lived a long time, unnoticed, #n quiet but majestic King street, DOMESTIC BONDS RS Ala Poner 5c 3 4 110% 130 110% | a0te 00ty | Derby 0il Bellanca Airc_ Rell Airc Berk&Gay Furn_. Blue Ridge (.158) Bl Rid ev pf(3n) - Bia Rrewste Bridgpt \xm‘zz) Rright Star Kl Ren F&W 908) Rk Hl & S(113) Burry Risc (148) Carnegie Met ___ Carrier Corp Caseo Pr(2%8)_. Catalin Am o 151 31y 1 16 5l 116 643, DO it 10 D 50 00 =1 i i T ED 13 a =] Nt 8O DO DS D ekt 1 00 ) 0D 1 et Ok i B e RO O Contrif P1(40) - 1 Chesebro (4a) 508 Chi Flex Shft (4) 1008 Ch Riv&M (30g). 13 Cities Service __. 43 Cit Sery pf Cit Auto St(.30g) Claude Neon Lt __ Cleve Tract L Clinchfield Coal _ Club Al Uten Colon Develop \ Devley pfo ol Fuel&1 war SPatk (1148). Colum O & G 5 Comwith Ed (5) Comlih & So war. Bl 1!6 116 643 174 A 437 1074 21 15 174 3 Bl 1% « “mwu il 1s Steel Corp . Cooper-Bess _ Copper Range Cord Corp Corraon & Rey Cosden Petro Creole Pet (138) Crocker Wh Croft Brawing. | Crown C Pet Crown Drug Cusi Mex Pavton Rub 1008 Dennison M{ 1 pf 208 14 Der Oil pf (2k) _ 23s Det Gray Ir (.04) Det Mich Stove Dret Pap Pd (1) Det Stl Pr (%) . Diveo Tw C(.40) - Dom St & Coal | Duro Test (.40)__ Duval Tex ___ .. Eagle P Ld 30g . ast Gas & F | Edis Br Strs (1) | Guif Oil (328) Eisler E1 3% 1) . ElBond & Sh __ El B&S 85 pf (5) FI PAsA (15g)_ mvr(rz'sm\ ) child Av R(12R) nam(tg) rew 13% 441, lio F ‘- Fisk Rub Ford M Can A (1) Fd M Ltd(.2 Froedt G(1. FroediGevp. l'xm—m.mTK“L 2 Gen Firepfg .55% - Gen T & Rub Gen T&R Apf(6) Gilbert (AC) Glen Alden (%4 g) - Grand Nat Films rRap V (1) t Nor Pap(1a) . 1 25 | Hall Lamp(.205). { HCpAm B(.60g) Renn P Svc Peop L&P Phia Ei e 29799 pym2 Lol A, 108 0015 108 a0ty A8 A York Rwy Co s '47 FORET! €ol Aer M B 4 Parana Braz ‘Pied El 6lis * 8tinn (H) 45 ‘40 2d s =w—With warrants St (stp)— St TNerorabiity impairen By minrisy. tCompanies reported in receivership. xwW——W CHICAGO LIVE STOCK. CHICAGO. August 2 (/) (United States Department “of Asr jcwiture) —Hogs 000. including 3.000 direct erally 10-15 higher th rage. packing sows 15-2 bulk good and choic g 1218055 50" 25000 pounds. 15 150-130 pound 3.20: ‘most good packing sows. 10.90-11.63; few best light- weights 11 Cattle. 15.000: calves. 2.000; strictly grain-fed steers and vearling, strong to 25 higher: supply small. run’ comprising ostly grassy and short-fed offerings et tonnage small; shipper demand broad for limited supply grain-fed cattle of all weights in crop: srassy and short-fed Kinds steady: grass cows weak to 25 lower, but grass heifers about steady: grain- fed heifers selling fully steady: bulls strong and vealers wenk to 25 lower. best fed steers. 16 S5: strictly prime kinds absent: mext highesi price, 18.60: few I 15.00-18.00: mixed vearlings at stock ca te. 106000 “including 8pring lambs moderately steady. quality considered offerings to larger in‘erests, 11.2 1155 to_vard traders and sm sheep strone to 95 hizher: choice slaughter ewes, NEW YORK PRODUCE k!.w YORK. Augiist 2 (P —Butter. 10.. o f Creamery higher ttie Sheep. " %500 direct: active. mostly choice 50: top. killers: | medium 19 | onds (R4-x7 13ed teady. v Chee: f pilk fa Tiats, fresh tancy. 18 held. fancy, 1938, 23-: In 17 Jrululur Mixed colors: 23-27; standards, 068, packs. 23 !rm 21 21‘« second, diums, 10; ‘dirties } age’ Ghecks, 17, 512-27; central- State. whole Jresh specials, scores), {80 score), 31 Hecla Min (.45g). Helena Rubin | Hn D Strs(1.65g) Hoe (R)&Co A Holling Gld(.65a) Hud BM %) Humble Oil (112) Hummel RF .40g 111 lowa Pow 111 Zine (.T3R) Imp Oil Can(1a) Indus Finan vie . Int Cig Ma 112% _ Int Hyd-Kl war Int Hyd-Elec pt_. Inter Pet(113a) . Inter Prod Inter Rad (85g) - Inter Util B Inter Vita (35) _ Int Home E(.44)_ 6% Ir Fire vte (1.20) 24% 24% 1tal Superpwr A T 1 Jacobs Co (%R) .. 143 148, Jones & Lau Stl_. 111 112 Kingston Prod 5 5 Kirby Pet 6 Kruger Brew(1a) 13 Lake Sh M (4a)__ 50 Lefcourt Real 2% Lefcourt Real pf 14'% Lehigh C&N(.30) 9 Leonard Oil 1 Lion Oil (1a) Lit Bros Locke S Ch(.80a) Lockheed Airc _. Lone St G (.408) _. Long Is Lt Long Is L pf(7) TLong I L pf B(6). Loudon Pack __ Louis LEE(.40) . Lucky Tiger Lynch Corp(3g. McCord Rad B MeWill's D 1. 1y 26 i 34 351a 24 6 13 50 2% H"A |. Maj Rad & T . Massey Harris _ Mer & Mf A(.60)_ Merritt-C&S __. Mer-C& S pf A Mich Bumper Mich G & 0 | Mich St Tu (138) Mock J Vo(.30g) . Molybdenum = Monroe L A(.32) Mont Ward A(7) Mon LH&P(113) 1005 333 Moore (T) Dis D Mount Prod (.60) Nat Bellas Hess Nat BAd&Sh (% &) Nat City Li(}g) Nat Contnr(12g) Nat Fuel G (1) _. Nat Mfg & Strs _ at P & Lt pt (6) at Trans (.45g) N Eng Pow Asso. N J Zinc (2a) - 650: NewmMin(1%g). Niag Hud Pow__. Niag Hud B war_. \ 4 4 141 142 33% 3u 98, 64 2 56 16 1214 15% T 74 10% 25 208 142 3y 104 6% 24 56 16% 12% 6 2 8 508 R 1 4 2 50s 1 508 8 74 s 81 81 81 2106% 105% 105% 18 144 13% 13% 1 2% 2% % THE EVENING STAR, WASHINGTON, : 10 (8 M(.)'.\'DAY, AUGUST 2, 1937. NEW YORK CURB MARKET 2:30 Btockand Sales— Dividend Rate. Add 00. NgShMAB(.15K) _ Niles-Bem-P(1g) Nor Am Lt&Pow. NAmRA (1.50g) Nor Am Ut See _. Nor Pips L(%§g)- NorStPA . No'west Eng % & Novadel-Ag (2) .. O Brass B(1%g)._ Oflstocks (.40a Okla Nat Gi Oldatyme Dist Pac GRE1pf1 Pan-Am Alr(1)__ Pantepec Ol __ ParkbgR&R .80g Pennroad (%) _ Pa P&Lt pt (7) Pharis T & R .60_ Pierce Gov .30g __ Ploneer G14(.40) Pitney-Bow (.40). Pitts Forg______. Pitts&LE(4%K)- Pitts Metallu 1a_ Pleas Val W .10g. Potrero Sugar Powdrell&A .35%. Pratt&Lam (1g). Pressed Met (2) Prod Corp_. Propper McC (r) . Prov Gas (.80) _ PSInd$7prpf . Pug S P $5p16 4k PugSAP$6pf__. Ry & Lt Sec .30g_ Rainbow Lum A Raym Cone (1a)_ Reiter-Fost Reli'ce K& 12 Reybarn Inc .10g Reynolds Inv Rice S D G ( Rolls R Ltd ] Rossia Intl Royal Type (1g) Rustless 1 & S __ Ryan Cons 5 tyerson & H St Anth Gold._ St Regis Pap _ High. Low. Close. 134 b4 3% Bl 24 P9 0009 00 9 25% 25 82 60 1314 18% 3% 304 661a i) = O ey O T - e L 1z 100s ec Corp Gen Segal Lock Seiberling Rub Selected Indus Sel Ind prpf 5% Seversky Aire Shattuck Denn _. Sherwin-Wms 4a Sherw-Wms pf 5. Solar Mfg (.20g) - Sonotone S Mfg (13) Rpfilg _ Ao .‘Frmr‘r'f!’h Col Pow pf (4) | Southld Roy | Spencer TS | S1a Cap & S 1.60a tand Dredg COIKY (1a) - L Ol Ohio (1) __. StTow & Lt Starrett Cor vic . | Sterchi Br Str Sterl AlumP 308 Sterling Br.10g .. Sterl Inc (.20a) _ Stetson(JB) 508 2008 Sunray Oil.15g _ & Swiss-Am El pf__ 150s Taggart = Tampa El (2.24) _ Technicolor Tenn E P 1st pf 7 Texon Oil (.60)__ Thew Shovel Tob Pr Exp.15e Trans-Lux (.20)_ Transwest Oil { Tubize Chat ___ Union G Can .60 . ‘nit Gas nit Gas war “nit Gas pf (7) - ‘nit Lt & Pow A ‘nit Lt & P cv pf nit Pr Sh (.10g) “nit Shipyds A “nit Shipyds “nit Shoe M 2332 “nit Spec (1.40) - J S Foll B (%8)- S Rub Recl ___ “nited Strs vic - ‘nit Ver Ext 1g “nit Wall P.15g- niv Corp vte “niv Prod (1g) - Ul P& LB (r) ULP & Lopf (1) tility & Ind pt _ " Van Nor MUT 160 Venez Mex Ofl | Venezuel Pet Virg Pub S pf(7) Waine Knit M Wentw'th M .15 West VaC & ¢ Weyenlig Sh | Wms 0i1-0-Mat Wolverine T .40g Woolw Lid 53R Wright Har .40a Yesin 811D 2508 | Yukon Gold 06g rmrsamzed under the Bankruptcy Aet securities assumed by such companies Rates of dividends in the foregoing table are annual disbursements based on the last quarterly or semi-annual declaration Un- less otherwise noted, special or extra divi- dends are not included. 2 Also extra or extras. f Pavable in atock. or e Paid lact year & Declared or paid so far this year, mo regular rate. hCach or stock. | K Accumulated_divigand paid or deciared tnis year. ww—With war- rants. xw Without warrants. war War- rants INSURANCE STOCKS NEW YORK. August 2 (P —New York Becury Denters Amsociation Aetna Cas (a) | Aetra Ins (1.60) tna Life ((R0a)_ % | Am Eauii (160a) Am Ins Nwk Am Reins (.R0g) Am Reserve (la) _ Am Surety (215) 201 Sonn°Gen Life (R0~ Contin Cas (1.20) Fid & Dep (4a) Firemans Nwk (.30 Frank Fire ( Great Amer (1a) _ Hanover (1.80) Hartford Fire (2) Home Fire Sec ___ Home Ins (1a) = Homestead (1) Knickerbocker (.80) Lincoln Fire Marvlaad Cas = Natl Fire (2) = Natl Liberty (.208) N Hamnshire & B08)” N Y Fire (& Nor River (10" Phoenix (2a) Prov Wash (1) Revere (P) I (1.30) _ Rossia Ins (.f0a) St Paul Pire' (fin) Sorinefield (4':a) Sun Life (7158) Travelers (18) U S Fire (7) Westehsster (1.208)" 2—AlSo extra or extras. &—Declared or paid a0 far LONDON MARKET CLOSED. NEW YORK, August 2 (#).—The London Stock Market and all British commodity markets were closed today for the Midsummer bank holiday. In Canada, the Winnipeg Grain Ex- change and all Canadian security markets observed a civic holiday. LEAD SALE REPORTED. NEW YORK, August 2 (#).—St. Joseph Lead Co. reports 25 tons of pig lead from Southeast Missouri mines sold Saturday at $5.85 per hundred pounds St. Louis. 350 New State Parks Bought. A total of 350 public recreational parks has been acquired in the last four years by 37 States, according to National Park Service records. This increase brought the national total of State park areas to 3,859,087 acres, s land surface larger than Connecti- eut. this year. x| per cent 2114.6 per cent ?|of the two groups were reversed, it any were to be made in 1938 models, they | £ In bankrubtey or receivership. or belng | Bullock Fund CAR PRICE RISES BELIEVED GERTAIN Manufacturers Also Are Ex- pected to Stand Pat on Styles. BY J. G. DONLEY. Special Dispatch to The Star. NEW YORK, August 2.—It is now fairly clear that the automobile manu- facturers are going to raise prices and stand pat on styles. Announcement of the Ford price advance on certain body types effective today, opens the way to a reversal of the motor car price trend which has been downward ever since 1925. The news is of widespread interest throughout the country, for 54 out of every 100 families own cars, 28 out of every 1,000 families own two or more cars and 25 out of every 10,000 families own three or more cars. President Sloan of General Motors gave the first official intimation of what was to come when he said last week in reporting second-quarter earn- ings results to stockholders, that “This trend toward rapidly increasing costs must, of necessity, reflect itself in the form of a substantial increase in sell- ‘mg prices, with due regard for the effect of volume.” First Step in Rises. ‘The first step toward higher price levels has come, naturally, in the Jow- priced car division, where it is esti- mated that higher labor costs have added approximately $24 per car to expenses of manufacture. Cars whole- saling for less than $500 represented 50.6 per eent of the market last year, while nearly 95 per cent of all cars sold in 1936 were priced at wholesale at under $750. While on the price angle, it is inter- esting to note that $500 wholesale is the critical price for the motor in- dustry. Following 1929, the percentage of cars priced under that level rose for those from $501 to $750 declined | just as sharply. The under-$500 group rose from 53.9 | per cent of total sales in 1929 to 809 in 1933. The $501-t0-$750 group declined from 275 per cent to After 1933 the trends the latter group rising to 44.2 per cent in 1936, while the former declined to 50.6 per cent. Forecast on Style. There are two reasons why observers believe that motor makers will pretty well stand pat on atyles in their 1938 models. The first reason is a simple parts makers are runnmg right along on heavy schedules this year, whereas, important structural changes would have tapered down to the lay- off point before now, in preparation for change-overs. But that is more in the nature of evidence; the motivating reason is believed to be the sharp rise 1 in machine tool prices, which has put a premium cost on drastic remodeling. the motor makers will play the 1938 | game with practically the same draw- Ing cards they held in 1937 lies in ap- preciation of the possibilities of the replacement market. The current vintage of vehicles has established itself as so far ahead of the makes of three to five years ago that it is figured old cars must come up to the counter and be traded in, whether or not expensive changes are made in ex- ternal appearances of the 1938 models. (Cepyright, 1837.) TOBACCO AVERAGEm sharply to 1933, while the percentage | deduction from the known fact that | The second reason for believing that | FINANCIAL. Course of Trade in Britain INDUSTRIAL ODUCTION RESIDENTIAL BUILDING 033031 32 33 3 5 % THE WEATHER District of Columbia—Fair tonight and tomorrow, not much change in temperature; gentle variable winds. Maryland and West Virginia—Fair tonight and tomorrow; not much change in temperature. Virginia—Fair tonight, tomorrow partly cloudy with possibly local showers in extreme south portions; not much change in temperature. River Report. Shenandoah River very cloudy and Potomac River clear at Harpers Ferry; Great Falls, slightly muddy; Chain Bridge, clear. Report for Last 48 Hours. Temperature, Barometer, Baturday — Inches. p.m. R pm 200 Midnight 30.00 Sunday — 4 am. 30.01 3 = 3 E Zae3zmaiZn Sle o 33283373 g Record for Last (Prom noon yesterdax R4, at .10 24 Hours to noon tod: p.m. ye . 6K at 8 am. today; vear ago. Record Temperatures This Year. Highest. 96, on_July 17 Lowest.” 19, on Pebruary 28 Humidity for Last 21 Hours. (Firom noon yesterday to noon today.) Highest. 97 per cent. at ¢ am Lowest, 48 per cent. 0:30 am, Automobile lights must one-haif Four after sunset Precipitation, be Monthly precipreation in inche, Capital (current month to darer " '@ tP¢ Month. 1937 Av rue. 837 358 January Serors Febru March 3 4 4 3 o 4 3 R & £ 1 & 9 A 4 September October November - December - L] Weather tn Various Ciuu_ Temp Baro WD Tow in = 1100 76 0 a4 89 5 Btations Abilene. Albany Atlanta Atlantic Baltimore Brimingham Bismarck N. D Boston. Mass | Buftalo, N Tl weath'r Cloudy Clear Ciear Cloudy IS 25.37 A POUND‘na By the Ascociated Press ATLANTA, August —The State Department of Agriculture said today | reports from 40 of 58 warehouses showed tobacco brought an average of 25.37 cents a pound for the first two days of the auction season last week Sales in the 40 warehouses for the s pounds, for a total of $2,387,510.27. days of the 1936 selling season showed 25318196 pounds sold for 896.43, or an average of 25.11 eents. INVESTING COMPANIES NEW YORK. August 2 P.—New York 8ecurity Dealers’ ssociation Admin Pd 2nd Inc Am Business Shrs _ |'Am Gen Eq Inc Am Ins Stocks _ Bancamer Biair Basic Industry - Boston Fund Inc Broad St In Corpo; Tust | Corporate Trust AA corp Tr AA mod | Corp Tr ‘Accum Ser Corp Tr Acc mod Cumulative Tr Sh Depos Bk 8h N Y A Depos Ins Shrs A Depos Ins Shrs B Diversified Tr B __ Diversified Tr C ___ Diversified Tr D Dividend Shrs Eaquity Corp $3 pf Fidelity Fund Inc First Boston Corp Fiscal Pund Bank shra_ Fixed Trust Sh A Fjscal Fun xed Trusl Found T A Fund xn\-esmrs Inc Fun< Tr Shrs A Fund Tr Shrs B General Capital Corp _ Gen Investors Tt Group Sec Agriculture Group Sec Automobile Group Sec Building Grour Sec Cheml Group Scc Food Grour. Sec Invest Shrs __ Group Sec Meichandise Group Sec Mining Groun Sec Petroleum _ Group Sec R R Equip Group Sec Stec Group Sec Toblcm Huron Holdin, Incors Tavestors Instl Sec. Bank Group Instl Sec, Insurance . Investors'Fd O Inc Insurance h B 8hrs Corp Mir3iand Pocs Nor Am Tr Sh 1 Nor Am Tr Sh Nor Am Tr 8 1h38 Plymouth Fund Inc Quarterly Income St ) wkmmonioals aleo . RERRRAADADS SR AR 33, MR BDD I WNID D= D= DD " o two-day period amounted to 9.410,118 | The report on sales for the first four | p $6.357,- | as City Los Angeles Louisvilie Ky, Miami. Fla Minn.-St Oklahoma City Omaha. Nebr, Phiiadeiphia ~ Phoenix. Ariy. Pitisburgh San Antonio San Diego WASH (7 am. Gr!enlith time. to Stations Trmvern:rev“‘a'hrr London Ensiand 38 A4 Cloudy Cloudy Clear todars Cloudy Clear Gloudy Cioudy Cloudy SHORT TERM SECURITIES. (Reported by Charles D. Barney & Co.) Bid. Offer. 1123, 113V s 15" (Noon. Greenwich time. (Faval). Azo; (Current nh:!r\allnn:) St. Georges. Bermuda 84 §n Juan_Fuerto Rico Havana. Cu Colon. Canal Zone Horta Amer Tel & Tel 5ias 1942 Auburn “Auto Co g Bald Loco Wks 5s Calif Pack Corp Caro Clinch & Ohio s hesa & Ohio Rwy 5s Edfoon Eior Tiluma 45 Gen Pub S Marine &s Tel & Tel 4'zs Gas Light 5s Lehigh Va Coal 6s Lehigh Va T Rwy 55 |L Island Gen 939 Ter RR Asen 8¢ L 4150 1920 Vanadium Corp 5s Ver 8ugar Wabasn Rwy Co 5% Warner [ T. 8. TREASURY POSITION. By the Associated Press. The position of the Treasury July 30: Receipts, $16,267,619.14; expen- ditures, $19,173,178.37; balance, $2,- 647,273,624.78; customs receipts for the month, $38,980,521.47. Receipts for the fiscal year (since July 1), $393,728,575.43; expenditures, $589,582,102.29, including $188,654,- 546.94 of emergency expenditures; ex- cess of expenditures, $195,853,526.86; gross debt, $36,709,016,635.50, an in- crease of $297,122.22 over the vious day; gold assets, $12433,583, 22595, including $1,203,167,726.74 of inactive gold. —_— Autoists leaving the main high- ways in the national forests are re- quired to earry an ax and shovel for fire prevention purposes. (1929 = 100 in each case.) COST OF LIVING INDUSTRIAL SECURITY PRICE! 2930 31 PROFITS REPORTED BY PHELPS DODGE. Earnings Increase Over Six- | Month Period—Net Income Put at $7,101,458. By the Associated Press. NEW YORK, August 2—The Phelps Dodge Corp.. one of the leading do- mestic copper producers, reported to- day for the six months ended June 30 net income of $7.101.458, without allowance for depletion and the Fed- eral surtax on undistributed earnings. This was equal to $1.40 a share on the capital stock and compared with $4,666.330, or 92 cents a share, in the comparable period last year, American Cyanamid. American Cyanamid Co, chemic: manufacturer, with principal plant | at Niagara Falls, reported net income for the six months ended June 30 of $2.844.325, equal to $1.13 a com- mon share. This compared with $1.708.003, or 68 cents a share, in the like 1936 period. Anaconda Wire. Anaconda Wire & Cable Co, eon- | trolled by Anaconda Copper Mining | Co., reported net income for the quar- ter ended June 30 of $834,041, equal to $198 a share. This compared with $632,148, or $1.50 a share, in the like 1836 perfod. Easy Washing Machine. Easy Washing Machine Corp., Svyra- cuse, reported net profit for the six | | generally ‘30 '31 '32 "33 '34 '35 '3 WDEX TOTAL EXPORTS 200 ‘29 '30 "31 '32 "33 '34 '35 '3 226l Advances Scored In Advertising Lineage Over ]956 Special Dispat rh to Tre Star CHICAGO, August 2.—For the first 30 weeks of this year, ended July 24 retail display advertising lineage is 5.6 | per cent ahead of the corresponding period of last year, Advertising Age, national advertising newspaper, ported today. The 79 major cities used as the basis for this report show a total of 582,595 400 lines of retail display ad- vertising for the reported period, against 551,771,010 linex {or the com- parable period of 1936, a gain of 30,- 824.390 lines. During the seven-day period ended July 24, newspapers in the measured cities carried 15.385.388 lines against Te- 14.898.195 lines in the compared week | of 1936, & gain of 487,193 lines or 3.3 | per cent A decided majority of those cities recognized as industrial centers showed 1mpressive gains for the week, Advertising Age stated. CHICAGO PRODUCE. CHICAGO. Aug —Poultry. live 15 tri ns 41 pounds M e pounds. 11 hens’ 13'3: fryers. col and 'White Rock projlers, colored [ Rock. 7315 Luharv roosters 14: No. 2 tur and eol ored. 4'2 pou eese | Butter nds up, 12 15939: sready months ended June 20, of $296.203 be- | 204t fore Pederal surtax, equal to 57 cents | i a share on the combined and “B” stocks compa class A" in the first haif of 1936. Melville Shoe Corp. Melville Shoe Corp., chain shoe op- erator, reported net profit for the six months ended June 30. of $1,328.929, before Federal surtax equal to $3.24 a common share compared with $1.- 409.716 or $3.60 a common share in the like 1936 period. Commonwealth Edison. Commonwealth Edison Co.. public utility concern operating in the Chi- cago area, reported net income for the quarter ended June 30 of $3.278.- 146. after Federal surtax, equal to $203 a share compared with revised net income of $2.060,575 or $128 a | share in the June quarter of 1936. For | the 12 months ended June 30 net in- come was $13592.018, after Federal | surtax. or $8.43 a share compared with | revised net income of $9.895463 or $615 a share in the preceding 12 months. Hazel-Atlas Glass. Hazel-Atlas Glass Co., Wheelng, W. Va., makers of fruit jars and other glass products, reported net profit for the quarter ended July 3 of $900.172, equal to $2.07 a share compared with $650.682 or $1.49 a share in the quar- ter ended June 27 last year. _— VOTE ON ISSUE CALLED BY CONTINENTAL CAN By the Associated Press. NEW YORK, August 2—A special meeting of stockholders of Continental | Can Co. has been called for Septem- | ber 28 to vote on a proposal to create an authorized issue of 350,000 shares | of preferred stock without par value, issuable in series. | If the authorization is secured, the company intends to arrange for the sale of an initial issue of 200,000 shares of the preferred stock. | Most of the proceeds from the sale will be used to pay current bank in- | debtedness, outstanding on June 30, in the amount of $14,000,000, incurred during the year primarily for the pur- pose of carrying increased inventories. U. S. AIRCRAFT SALES SHOW GAINS IN 1937 NEW YORK, August 2.—Sales of | American aircraft, engines and spare | red with $334.- | ; 756 or 64 cents on the combined shares | Is parts in the first half of 1937 amount- | ed to $49,450,114, a jump of 533 per cent over the $32218.341 for the | like 1936 period, the Aemnnlm(‘al Chamber of Commerce of America, | Inc., reported today. FEDERAL LAND BANKS YORK. August g (#.—Federal Land Bank Bonds Bld, Asked. 475 Nov., 4's May! DIVIDENDS ANNOUNCED NEW YORK, August 2 (P.—Dividends declared: o T pe. gtk of Pay Derrgk & Mhte Fiod. record. abi nfle e -25¢ @ 5-19 8-28 M'H Fishman 15c @ &13 o T. s TREASURY NOTES. NEW August 2 (P.—Prices aquoted in” Sollars ‘ane mmy-ueeonas % Month. Year. A»xeu ymd 3la 8¢ 9 ! 55355 Rt PSR s ) e} 55223 L Sy ARy Russet Burbanks. Oregon Bliss Triumy v sales 1 60-1.65: W U. § No. U No Rose blers. Missours liss' Triumphe . showing spotted. A—17 AUTUMN UPTURN DUEINFEW WEEKS Trade Dullness Is Expected to Give Way to Busy Fall Preparations. Bpecial Dispatch to The Star. NEW YORK, August 2—1In its weske 1y summary of the general businass site uation, the Standard Statistics Co. of New York comments as follows: “Midsummer trade dullness is exe | pected to persist for only a few wesks longer, giving way to active prepara- | tion for the expected Autumn increass in business. Comparisons of present trade volumes all over the country with ;those of last year reveal a spotty site uation, but this is likely to end when the depressing influence of recent widespread strikes has been shed, when | the harvesting of new crops is actively under way and when gomparisons ara no longer made with volumes gbe | normally stimulated by the payment of the soldiers’ bonus “Industry is countinz on a heavier volume of business this Fall, as shown by the fact that industrial production * | points net higher, rnr July is estimated at 1004, which ompares with 98.9 in June and 81 J”.‘v 1936. The volume of joutput from the end of June to the | end of October a year ago showed | tually no variation. and o the expected | gains in production this vear should | make for definitely favorable comparie sons. “The apparent settlement of the court controversy has improved sentie | ment, aithough the fate of other rad- ical measures before Congress has yet to be determined. The wage and hour bill has been shorn of much of its dictatorial provisions, and the equally ambitious agricultural program has met with considerable hostility in both houses. While the wage-hour bill may be enacted, the final measure is certain % be far more mild than that re- quested by the administration.” LEAD FUTURES NEW YORK, August 2 (P —Lead futures closed steady, 5 to 7 higher. | sales, 120.000 pounds industrial High. Low. L - 602 602 602y Zinc futures closed steady and un- changed. No sales. BOURSE CLO.SESVSTEADY PARIS, August 2 () —The bourse rallied from early irregularity and closed steady today International issues were weak exceptions. Indue- trials and government bonds im- | proved. Bank of Prance ended 100 Suez Canal de- clined slightly ! —_— Pyramids Still Puzzling. 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Let us help you solve your problem PERPETUAL'S Board of Directors keep in cloi officers and materially the speedy handling of loans. contact with the ist in PERPETUAL'S regular examinations e st = 22558 23 IS 3 B it bt , - with a hrpolual loan. by the U. S. Treasury Dept. are sup- plomented by special C.P.A. audits as well as its own Auditing staff. PERPETUAL has always had a rep- utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last yéar, totaling over $12.000 000 for the year. PERPETUAL BUILDING ASSOCIATION 11th & ESTREETS, N.W. ESTABLISHED 1881 Largest In Washington=Assets Over $43,000,000 ARTHUR G. BISHOP Chatrman of The Board MARVIN A. CUSTIS President EDWARD C. BALTZ Secretary