Evening Star Newspaper, August 3, 1937, Page 18

A—18 wxx FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, AUGUST 3, 1937. FINANCIAL. h—————“————-—___—*_—“—_fi"—__‘——’__'——’*—;————“———___ BEST FALLTRADE TRANSACTIONS ON '{',,HE NEW YORK STOCK EXCHANGESIKS RREGULAR IN8 YEARS DUE TR AT END OF SESSION Stock and Net High. Low. Dividend Rate, . Low. Close. chg Nllh Low. Dividend Rate Add oo. H;'x,',l' L‘ngw Close. chge. 65% 65a — % | 624 Merchants Predict Sales Coppers, Rubbers, Special- Gain of 10 Per Cent Over ties Gain, While Steels 44'% Abbott Lab (1.60ay. ™% ™% b8% 63% Acme Stee1 (4) _ 50% B0% + % | 15% 1936 Volume. and Motors Retreat. BY EDWARD C. STONE. 15 Adams Exp (.308 S0 I 2214 Adams-Millis (2)_ 1 36 28 Addressog (1.40) The best Fall trade since 1929 was predicted today by the National Dry Goods Association’s Washington office 8tock and Bales— Dividend Rate. Add 00. High, 40% Mack Trucks (1) 7 45% Net | Prev. 1937 Low. Close. chge. | High. Low. 44 44 — o 4215 2 Stock and Dividend Rate. Ana 60 Rign, lmv. Close. cnu Sharon Steel (1.20). 6 36% 36 -y 44 Macy (R H) (2a) 4 48Y% 484 48% — U Sharp & Dohme ___ 10 11% llVg 11% + W 10% Mad Sq Gar (1.15g). 4 11% 11% + % Sharp & Do pf 3% . 5612 564 42 Magma Cop (1%g) - B 49% 49 9% + % Shattuck FG (.60)_. 13% 1 = 1 Prev. 1937 High, Low. 55 ] 224, 288 563 40 Crane Co 114 100% Crane Co cv pf (5) .. 37 287 Cream Wheat 13g_ 10072 68 Crown Cork (2)-. 26% 16% Crown Zeller__ #1084 941, Crown Zeller pt (5). 81% b1 Crucible Steel. 17% 8% Cuba R R pf 144 18% Manhat Shirt (1) 19% 19% % Sheaffer Pen (1%g) 35 3% Maracaibo Oil 4 5% Shell Union (%g)-- 28Y% 9% Marine Midl (. 55 + % 12 Silver King (.65g)-. 19% Market St Ry pr pf_ 1408 5 40 Simmons (1g) - 18% Marshal Field.. 25 3% Simms Petroleum . 19% Martin (Glen). 1 7 Martin-Parry. 4815 Masonite (1a) 3 1 42 Skelly Oil (.50g) 85% Sloss-Sheffield § & I oss-ShefTield pf (6} 27- Smith & Cor (%& 1934 Snider Pack (1748). Stock A 16% Socony-Vac (%g) .- to y 3% Sou Am G&P (.10g) ¢ Nerages Sou Po Rico Sug (2) 4 140 LrFrEES 32% Math Alkall (1%)__ 51% May Dept Strs (3a). 97 Maytag 1st pf (6)_ Mead Corp (34g) 30! Mengel = 80% 64's Air Reduction (1a). 5% 2% Air-Way ElAp ___. 15% 11 Alaska Jun (.60a)_. &s the result of a Nation-wide survey of the outlook. Merchants in 50 cities expressed 5% 2% Alleghany _ . 593 3413 Alles pf $30 ww._. 74 Cuban-Am Sugar agreement in the poll made public by Channing E. Sweitzer, managing 52 35 Allegprpf .. ___ 127 1097 Cub-Am S pf (10k) - 45% 3014 Alles Steel (1.20g) 2 % 813 Curtis Pub____ 27 174 Allen Indus (1) 9 19 . 71 Curtis Pub pf (1) % 25815215 Allied Chem (6) 9 g 5 Curtiss-Wright 6 6 W 331 20 Allied Mills (2g) 1613 Curtiss-Wright A _ 20% 20% 21% 15 Allied Stores (.20a). 71 Cushman pf (31%) - 69 691 —1% 83l3 57 Allis-Chalmers(1g) 14315 104% Deere & Co (1) ¥ Y director, that prospects for a resur- gence of business activity were highly encouraging. Collectively they esti- mated that retail volume in the de- partment store field would show an advance of approximately 10 per cent for the months of September, October and November, as compared with these three months in 1936. A 10 per cent gain in sales would reflect a continuation of a steady, gradual expansion of retail volume which has marked retail recovery for four years and would place depart- ment store volume at a point at least equal to that of the Fall of 1930 and likely the best in eight years, Mr. Sweitzer asserted. Favorable Factors Predominate. The merchants saw only a few clouds obscuring the probability of | a healthy Fall business throughout | the country, and the most predomi- nant factor in this direction was the possibility of extended labor disturb- ances, which they felt might create much temporary unemployment and through loss of wages detract from the country’s purchasing power. Ap- proximately 64 per cent of the stores Yeporting saw labor troubles as a threat to Fall trade. Favorable factors outweighed those which were advanced as possibly handicapping Fall sales increases. Some 48 per cent of the stores said that better business, employment and wages all around would carry retail trade forward. With stores in the farm areas almost unanimous in as- sent, 40 per cent of those reporting looked for gams in farm income re- sulting from bumper crops in most sections and high farm prices to &peed Fall retail business, Gains in the building field, par- ticularly in homes, were considered | & favorable item by 12.5 per cent, and 10 per cent considered the prospect | of less labor disturbance throughout the country ely to be a favor- able factor. Insured Bank Total Drops. A net increase of about $21,000,000 | in its surplus during the first six months of 1937 is announced by the Federal Deposit Insurance Corp. in the temi-annual report of the Board of Di- rectors of the corporation to insured banks as of June 30, 1937. Income for the period of $19.336,829 from as- sessments and $4,437,985 earred on securities is reported, as against ad- ministrative expenses and deposit in- surance losses and expenses amount- ing to $2.855.909. A net decrease of 86 in the number of insured banks occurred during the six months ended June 30, 1937, chiefly as a result of definite programs for the elimination or consolidation of weak or insolvent institutions. Off- setting the 38 banks admitted to in- 6urance durinz the period were 21 suspensions, 102 mergers, absorptions or voluntary liquidations and one termination of insured status. 82 Per Cent Building Jump. Retail trade in the fifth Reserve dis- trict in the past week is estimated by the Reserve Bank of Richmond to have been 5 per cent ahead of the same period last year. The level of the previous week was also maintained. Construction figures for the fifth dis- trict in June, just reported, were 82 per cent above that month last year, the increase being due chiefly to Gov- ernment contracts let in the District of Columbia. Virginia cigarette factories are work- ing at top speed. Figures for the first €ix months of 1937 showed a record output for the State. and July produc- tion has not tapered off. Southern Increases Stock. The Southern Railway has notified the New York Stock Exchange of a proposed increase in authorized com- mon stock from 1,500,000 shares of $100 par value to 2,900,000 shares of no par value, each present share to be exchanged for one new share. The Savings Bank of Williamsport, Md., has been authorized by the State bank commissioner, Warren F. Ster- | ling, to release 50 per cent of its old depositors’ guarantee fund to assent- | ing depositors under a supplemental | agreement entered into by the bank &nd its individual depositors. Washington brokers are more cheer- ful on the stock market and general outlook than they have been for many moons. They base much of their op- timism on an estimated crop income for the farmers, which will be by far the largest in years. This will give tremendous impetus to buying power all over the country. Financial District Gossip. William D. Hoover, chairman of the board of the National Savings & Trust | Co., is basking in the mountain air of New Hampshire while on his vaca- tion. Raymond G. Marx, controller of the Riggs National Bank, left here today for his annual vacation at Salt Pan Bay on the Severn River. 33‘ XN » l‘mu 1281 20 29% 14% 79 20 6915 245, 191 100 41y 481 8219 39 125 107 41% 24% 23% 33 3% 2T 22 105 18 39 K14 b4ty 138 129% 112 85 26% Celanese (138) 36% Celotex (.40g)_ 73% Celotex pt (5) - 30 Cent Aguir (1%a 614 Central Fdy 96 15% Alpha Portland (1). Amal Leath Amerada (2) Am Bank Note %g Am Can (4a) Am Car & Fy (&g)_ Am Car & F pf (4g). Am Chain & C(1;g). Am Chain pf (5). Am Colortype Am Comcl Alco Am Crystal S 2 g 4 Am Crys Sug pf(6). 50s Am Encaustic Til _ 8 Am & Forelgn Pow. 31 Am & For Pw §7 pf . s+ Am & For Pw 2d pf. Am-Hawaiian S (1) Am Hide & Leath Am Home Pr (2.40). Am Ice Am Ice pf (1)~ Am International Am Locomotive Am M & Fdy Am M & Met (.45g) Am Metal (3g) Am New AmP &L AmP & L $6 pt (). Am Rad & St S(.60) Am Rad St pf (7) Am Roll Mill(1 Am S llK Am Smit & R(2%g) tl Fdrs (1g) 36 12 Am Tobacco (5) Am Tobacco B (5) Am Tob pf (6) Am Type Fdrs Am Wat WKks (.60g) Am Wonlen Am Wool pf (2k) AmZinceL&S Anaconda (% g) Anchor Cap (.30g) _. Anchor Cap pf 613 Andes Copper_ AP W Paper s Arch-Dan M (1g) 7 Armour 111 (.558) . Arm 11 pr pf (6) Armst'z Ck (1.308) rtloom 515 Asso D& Ist pt (6). A 2, \wm\nn Pt (5) - Atlantic Coast Line Tl AtLGulf & W Ind __ T's Atlantic Refin (1) . Atl Refining pf (4) - Atlas Corp (.80) Atlas Corp pt ( Atlas Pow (112g) __ Atlas Tack (1,g) Austin Nichols Aviation Corp Baldwin Loco (r) Baldwin Loc asd(r) Balto & Ohio _ __ Balto & Ohio pf 2 Bang & Ar (2%:) Barber Co (%g)- Barker Bros Barnsdall (1) Bayuk Cigar (%g) - Beatrice Cr (1a) __. ut P (4a) __ Beldin-Hem (1) Bendix Aviat ( Benef Ln (1.32 Best & Co Bethlehm g Beth Stl5% pf (1) Black & Deck (3 g) Blaw-Knox (.458) . Boeing Airpl Bohn Alum (3) Ron Ami A (3g)_ Bon Ami B (1%8g).- Borden (1.60) Borg-Warner (2)_ Bridgeport Br .40g_. Briggs Mfg (135g)_ Briggs & Strat (3)_. » BKlyn-Man (215g)_. Bklyn-Man pf (6)__ BKIyn & Queens __ Bklyn Un Gas 2.30g Brunswick-Bal « Bucyrus-Erie Budd Mfg 2L Budd Mfg pf___ Budd Wheel (.20g)_ Rullard Co (1) _ Bulova Watch (4a) Rurlington Mills(1) Burr Ad Mch(.65g) - Bush Term (r) Butler Bros (.60) __ Butler Bros pf(113) Butte Copper & Z__.. A BversCo = Byron Jack ((1g)__ Calif Pack (13a)__ Callahan Z-Ld Calumet & H (%g)- Campbell Wy (1) 4 Canada Dry G Ale._ Canada South (3)__ Canadian Pacific Caro C &o st (5) Carriers & Gen .10g Case (J I) Case (J 1) pf (7) Caterpillar Trac(2) Cent I11 Lt pf (434). Central RR N J Central Violeta Sug 3 Cerro de Pasco (4) sv 4 Certain-teed ___ Certain-teed 6% pf. uo.x 514 Champ Pap & F (2). 6 Checker Cab Mfg___ Ches Corp (3) Ches & Ohio (2.80a. Chi Gt West (r) _ Chi Gt West pf (r)_ Chi MStP &P (r) . Chi M St P&P pf(r) Chi&N W (r) Chi & N W pf (r) Chi Pneu Tool = Chi Pneu T cv pf(3) ChiRI& Pac (r) _. Chi Yell Cab(1%g)- Chick Cotton Oil. 8 508 4 318, 58 17 163 141 1315 4 470 56t 131% 33 6 13% 1114 11% 281y 9ln 117% 30 211074 18014 14814 13512 130% 1813 151 150 100 1447 Intl Harv pf (7). ... 10743 100 138 138 Deere & Co pf(1.40) 27% 274 Del & Hud 13% Del Lack & W 5 W 4 Den& Rio G W pt_ Detroit Ed (5g) .__ Devoe & Ray A(3a). Diam Mat pf(11ta). Diam T Mot (1;§) . Dist Corp-Seag Dixie-Vortex (11%5)_ Dochler Die C (1g)- Dome Mines (2a) Dominion Strs Douglas Aircraft Dow Chem (2.60g) Dresser B (le) Dunhill Intl Du Pont de N(2%g) Du Pont deb (6) . 9% Eastern Roll Eastman Kodak (8) astman Ko pf (6) aton Mfg (1%§) - litingon Sch El Paso N Gs(1.60). Slec Auto Lt 1.40% . lec Boat lec & Mus (.18¢) _ lec Pow & Lt lec P& L $6pf __, lec Stor Bat (2) 1k Horn Coal pf Public Service_ BPS1ww5lnk. 26% 33 227 19Y% 38%, 39' 9 57% 4 122% 2T 5 160% 134% 122% + 2% 5 160% 1344 29y Jureka Vacuum Cl. ans Prod (1).___ rbanks rbanks rbanks Mrse(1a) r (108) - crew.____ ederal Wat Sve A Federat D St (113x) id Phoenix (1.60a). irestone (114g) __ 4 First Nat Strs(213) Flintkote (1) Florence Stove(1g). Follansbee Bros ood Machine (1a) ood Mach pf (413) 4 Foster Wheeler ranklin Simon pf__ Freeport Sul (1g) - Freeport Sul pf (6). Fuller Coprpf_____ Fuller 2d pf__ Gabriel A _ Gair (Robert) _____| Gamewell ar Wood Ind (%g) Gen Am Inv : Gen Am Trns(1'2g) en Baking (.60) ien Bronze Gen Cable Gen Foods (2)- GenG&ElIA Gen Mills (3) Gen Mills pf (6) Gen Motors Gen Mot pf Gen Out Adv 1 Ry Signal (1) en Real & Util Gen Real & Ut pt en Refract (2h)__ en Stl Castpf ___ 11901 en Thea Eq (%28)- Gillette (12g) Gillette pf (5)_ Gimbel Bros Glidden Co (2a)_ Gobel Adolf __ _ Goebel Brew (.20a)- Goodrich (18) ____. Goodrich pf (5) Goodyear T&R (1g) Goodyr T&R pf (5). 7% Gotham Silk H 3 Graham-Paige__ 613 Granby Consol_____ 2473 Grant (WT) (1.40a) 40° Great Nor iy pf. Grt Nor Ore ct(% &) Grt Wt Sug(2.40a) Green (HL) (1.60a) reyhound (.80) Guantanamo Sug _. Hack Wpf A (1%)- Hall Print Hamilton W (1.25ig) Hamil Wath pf (6)- Hanna $5 pt (5) Harb-Walk (1.50g) Hecker Prod (.60a). Hercules Mot (1) __. Hershey Choc (3)_ Holland F (1g) Hollander (1) Holly Sug (2%g) - Homestake (.75g) - Houd-Her B (133) Household Fin u) Houston Ofl s Howe Sound (3a) . Hudson & Man Hudson & Man pf_ Hudson Motor_ Hupp Motor 1llinois Central % Indian Refining Indust Rayon (2)__. Ingersol Rand (3g) - Inland Steel (4a) . Inspiration Copper. Insuranshar (.10g). Inter Rap Tran (r)- Interch Corp pf(6)_ 4% Intercontl Rubber. 16 Interlake Iron.. 5 Intl Agricul_ 9914 Intl Harvestr (2%2). 105 1001y 23% 14% 374 132 4 116 25% 5 117% +11% 26% +1% 13 8 110 6% — 21% + 6 1184 + 1524 + 13% — 9% — 12% + 65 —1% 19% +14 “1m Intl Hydro-Elec A. Int Mer Marime 10 Intl Mining (.30%. 55% Intl Nickel (1.508) . 1613 Intl Paper & Pw A_. 10% Intl Paper & Pw B_. Intl Paper & Pw C_. 901 Intl Paper & Pw pf_ 513 Intl Ry Cent Am 4315 Int Ry Cent Am pt_ 41% Intl Shoe (2) 88 IntlSilver pf (6k)_. 9% Intl Tel& Tel __ __ 2014 Interst Dep S 2% g Interst Dept pf (7)_ 25% Island Crk Coal (2). Mesta Mach (2%g)- Miami Copper 9 Mid-Cont Pet (%g) 1 Midland Steel (2) 2 Midland snlnr(s)A 308 Milw El Ry pf (6) _ 508 Minn-Hon Reg (3) . x 1 Minn-Mol Imp 14 4 Minn-Mol Imp pf __. 7 Mission Corp (1g) Mo-Kan-Texas _ Mo-Kan-Tex pf Mo Pacific (r) Mohawk Crp(1.20a) Monsanto Ch 11ag Montgom Ward(2a) Morris & Esx (3%)- Mother Lode __ Motor Prod (132g) Motor Wheel (1.60). Mueller Brass (1a)- 90 Murphy (G C) 3.2 20% 10% Murray Corn 71 Myers & Bro (2g) . 245 Nash-Kelv (1) 24 Natl Acme (%g) 18 Natl Aviation 333, Natl Biscuit (1.60) 1 1 1 . T Melville Shoe (5) ) 4 2 2 4 w14 26 54 21 42 Natl Dairy PpfB(7) 208 Natl Dept trs Natl Dept Strs pf_ atl Distill atl Gypsum atl Lead (3 Nat Mal&Stl C(1g) - Natl Pw & Lt (.60) Natl Steel (1%8) . Natl Supply ) N Y Air Br (1128) - Y Central VY Cni & StLpf Y C Omnibus____ ¢ Dock pt " Investors (r)__ Y NH&H (r) Y Opit & West (1) Shipbldg __. 13 Y Shipbildg pt___ 1508 Y Steam $6 pf_ " N ¥ Steam $7 pt. Norfolk Sou (r) __ North Am Aviat North Am (.60g) North Am Ed pf(6)- Northern Pacific orthwest Tel (3) orwalk T & R ___. Norwalk Tire pf___. Ohio Oil (1:8)- Oliver om 4 Oppenheim Col 14 Otis Stl Ist pf 5 Outboard M (112 Outlet (3a) Owens-111 Gl 1%g Pac Am Fish (1.20) Pac Coast 1st pf___ Pac Coast 2d pf __ Pac Finance (1.80)_ Pac Gas & El (2) Pac Lighting (3) Pac Mills (1g) Pac Tel & Tel (8) Pac West Oil (.65e) Packard Mot (.15g) Panhandle P&R (1) Panhandle pf (r)-. Paraffine pf (4) Paramount Plct ___ Paramount 1 pf (§) Paramount 2 pL(.60} Park Utah Parke Davis(1.40g). Parker Rust-Pr 1l Parmelee Trans Pathe Film Patino Mines__ Peerless Corp Penick & Ford (18). Penney (J C) (28) . Penn-Dixie Cement. Penn-Dixie pf A___ PennRR (328) - Peoples Gas Lt & C. Tere Marp prpf ___ Tetro Corp (.40g) Preiffer Brew (.60g) Phelps Dodze 1% Phila Co 6% pf (3) Thila Rap Trans pf Phila Read C& 1 Philip Moris(3%g8)- Thillips Jones Phillips Pet (2a) Pills Flour (1.60) Pitts Screw (.308 Pitts Steel Pitts Steel pf. Pitts United ... Pittston Co __ Plymouth Of1(.70g). Poor & Co B i Pressed Steel Car _ Press S C1pf (%) Trocter & Gam (2a) Pub Sve N J (2.60) 5 Pub DL (6) . Pullman (1%)_ Pure Oil 2 Pure Oil pf (8) Purity Bak (.308) Quaker St Oil (.70g) Radio Corp Radio cv pf (315) _ Radio-Keith-0 (r)_ 1314 R R Sec 111 C Stk __ 29 Raybest-Man (1%). 32 Reading Co (2) 161 Reliable Strs ( 17% Reliance Mf (.60a) - 21 Rem Rand (1.05g8) - 80 Rem R pfww (414). 5 Reo Motor ___ 27% Republic Steel ___ 109 Rep Stlev pf (3K) 971 Republic St pf A(6), 32 Revere Copper & B 2215 Reynolds Met (1) 43 Rey Met rts Augl2 1612 Reynolds Spr (1) 49 Reynolds Tob B (3) 31 Safeway Strs (2) 43% St Joseph Lead(2a) 2% St L-San Fran (r) - 45 144 108 4 33 5 208 108 145 674 Savage Arms(.752). 38% Schenley Distill(3). 93% Schenley pf (5%)-. 1% Schulte Ret (r) Southern Ry . Southern Ry pf. Spalding .__ Spalding 1st pf Spang Ch pf (9k) Square D Co B.60g .. Stand Brands (.80) . Stand Com Tob____. Stand Gas & El (r) - Stand G & E pf (r) _. Std G&E $6 prpf (r). St G&E 7% p pf(r) . tand Oil Calif (1a) Stand Oil Ind (1a) . Stand OIINJ (1a) .. Sterling Prod(3.80) Net change_ — 3" 5> U3 8Ky Today, noon 982 440 Prev. day___ 984 442 Month ago. 934 418 52.3 Year ago. 495 54.0 1937 1937 361 39.1 1936 435 53.7 1936 302 434 557 1932 175 8.7 239 169 146.9 153.9 184.3 157.7 1929 1927 516 953 618 61.8 38.7 392 400 39.1 69.5 69.8 66.9 679 75.3 626 28 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financia: Writer, NEW YORK, August 3.—Stocks straddled the price fence in today's market and trends were highly con- Stewart-Warn(lza) Stokely Bros(.95g) - Stone & Web. tudebaker _ un Oil (1a) unshine Mng (3) serheater (1.75g uperior Ol Superior Steel wift & Co (1.20) wift Intl (2) Symington ww .3 Symington xw Tale pre pf (2 13 Telautograph (.60). Tenn Corp (%g)___ Texas Corp (2) . Texas Gulf Prod __ Tex Gulf Sul (2a) _ Tex Pac C&O (.40) . Tex Pac Land Tr Thatcher (12g) The Fair Thermoid Third Ave > = Thompson Pr(.90g) Thompson-Star Thompson Starr pf Tide-Water As(1a). Tide-W As pf (41;) Timken-Det Ax(2e) Timken Roll B (3)_. 163 Transamerica new Trans & West Afr _ 2 Tri-Cont Corp (%g) 20th Cent-Fox (1g). TwinCity RT.____ “nderwood (1%g)_. ‘nBag & P (2) n Carbide (2.40 n Oil of Cal (.85 n Pacific (6) n Pacific pf (4) 'n Tank Car (1.60) ‘nit Aircraft (1;g) “nit Air Lines “nit Biscuit (1.60)_ bon (4) __ ‘nit-Carr Fast (2) . ‘nit Corp_. “nit Drug (% g nit Dyewood (1a). “nit Elec Coal = ‘nit Eng&Fy 1.50g. ‘nit Fruit (3) ____ ‘nit Gas Imp (1) nit Gas Imp pf(5) nit Paperbd (.30g) Distrib pf & Foreign Sec _ Freight (1%e)_ psum (2) S Hoffman Mach_ Hoft M pf (2%) Indus Alco . Leather _ Leather A_ Pipe (3) U S Realty & Imp U S Rubber -l =g +1% - % T+1+10001 Unit Stockyds (13). Unit Stores A Tniv- f‘\rlnywal(l) UtilP& Lt A (r) Vadsco Vanadium Steel Van Raalte (13g) - Va-Caro Chem Va El & Pwr pf(6) YValron Coal & C pf Vulcan Detin (3g) Wabash Ry (r) ___. Wabashpf A (r) _ Waldorf Sys (1.20)_ Walgreen Walgreen pf ww 413 Walker H G&W (2) - Walworth ‘Ward Baking B Warner Bros Pict_. Warren Bros (r) __ Waukesha Mot (1a) Wayne Pump(13g) W Penn E1A (7) West Penn El pf(6) 3 W Pen E17% pf (1) W Penn P T%pf(7) West Auto Sup 1.60 Western Pac Western Pac pf West Union Tel (3) Westinghse Air (1) Westhse EI&M (3g) Weston E1 In(%g) - Wheeling Stl _ Wheel SUpf ret 212k White Motor % White Rk M Sp 1.40 « Wilcox Oil & Gas Wilson & Co (13) ‘Wilson $6 pf (6) .. ‘Woolworth (2.40) __ Worthington Pump 2 Worthington pf A _ 120s Wor P&M pf A stp_. 108 WorP&MptB ___ 1 Yale & Towne (.60). 1 Yellow Truck 59 Youngstn S&T 1‘,:5 2: 80 Zenith Radio(1% 10 4% Zonite Prod ______. 5 Approximate Sales of Stocks on the . Y. Stock Exchange. 11:00 A.M. 270,000 12:00 Noon 480,000 1:00 P.M, - 690 000 2:00 P.M. -. 700,000 Total Sales for the day. 900,000 s Unit of trading 10 shares. rIn bankruptcy or rceivership, or being reorganized under bankruptcy act. or securities assumed by such compantes. UL+ 44 ? | ternation; 2, Atlantic Refining, | tradictory. | Coppers, rubbers and specialties at=- ‘[lrac!ed followings for gains of frac- ? | tions to a point or more at one time, L. | but iosses of as much were plentiful | among yesterday's buoyant steels and motors. Rails displaved weakness x| from the start. News, marketwise, was somewhat, spotty. Individual issues found stim- | ulation in bright earnings statements while others were depressed by lower profit margins | Although the wage-hour embroglin | in Congress was watched closely, as were Far Bastern war rumblings, it | was believed questionable whether these developments inspired any im= portant selling. Volume picked movement, Wwith up on the churning several low-priced issues accounting for much of the ex- panded turnover. Transfers were in the neighborhood of 950,000 shares Issues on the topside the greater part of the session—some slipped. at the last—included Anaconda, Kenne- cott. Cerro De Pa:zco, Phelps Dodge, | National Lead, Inspiration Copper, Calumet & Hecla. Goodvear, Good= rich, Firestone, N. Y. Shipbuilding, Electric Boat, Marine Midland. tional Supply. Crown Zellerbach, Ir al Paper & Power, commc and preferred; Interlake Iron. Am can Can, American Bank Note, Am: can Locomotive and Radio. About unchanged to well | ter were U. S. Steel, Bethleh public, Youngstown Sheet onal Steel, General Motors, Chrysler, Motor Products, Woolworth, Sears Roebuck, J. I. Case, Deere, Boe | ing. Douglas Aircraft, Du Pont, Gene eral Electric, Texas Corp., Pure Oil, Santa Fe, N. Y. Central, Southern Pacific, Southern Railway. Great Northern, Northern Pacific. Baltimore & Ohio and_Inter- national Nickel. nder wae Re- & Tube, CHICAGO GRAIN By the Associated Pres CHICAGO. August 3.—Prompted by a sharp setback in quotations at Win- | nipeg. the Chicago wheat market tuma , | bled late today to a new low-price rec- ord for the season Disappointingly small export busie ness in Canadian wheat was ane nounced, and October futures at Wine nipeg fell to the furthest permissible immediate limit, 5 cents, at $1.27. | Overseas takings of United States | wheat today were also meager, 200,000 | bushels. At the close wheat was 173-2% un- d«"r vesterday's finish, September 1.13- | 137, December, 1.137 a-1.14: corn, 1, - 1’ down, September, 941, -3, Decem- ber 647-7g, and oats off 34. Open December May OATS. September | Decemoer 001 1 L0 1 May o1 * | September _ December May _ No barley. LARD September _ 11 11 October 11 Bo 11 December ~__11035 11 15 11 January 11 011 BELLIES September _ 1302 17.00 Chicago Cash Market. Cash wheat, No. 2 red, 1.19!3-20; No. 2 hard, 1.20 No. 2 dark hard, 1.23; No. 2 mixed, 1.17';; corn, No. 2. mixed, 1.02; No. 2 yellow, 1.06'4- 07; oats, No. 1 mixed, 2914-30'4; No. 1, white, 30-30'.; rye, No. 1, 84-85% ; No. 2, 83'2; barley, No. 3, Iowa, 60; No. 4, Towa, 56'.; feed, 50-60, nomi- nal; malting, 60-80, nominal; timothy seed, 2.75-80 hundredweight. 17.00 Baltimore Quotations. BALTIMORE. August 3 (P).— - Fed. Winter. garlicky. spot, Tel August. 1 1, “ NEW YORK COTTON By the Associated Press. NEW YORK, August 3.—Cotton a vanced 16 to 21 points during the half of today's session on increased trade buying and covering. Weather and crop advices con- tinued favorable, but there was a Wheat. No, domestic, 11+ Rates of dividends in the foretoing table bursements based on the last quarterly gegniess otherwise noted. special or xtra aVidends o xtx dividend. xr Ex rights. a Also extra or extras. e Paid Inst year. fPavable in stock. sDeclared or paid so far this ear. hCash or stock, kAccumulated dividend paid or de- Clared this year. 871 69'3 Jewel Tea (4) 165 120 Johns-Manville (3). 136 117% Jones & L pf (3%2k) 46 28 XKalam Stove (1a)._ 29 15 XKansas City Sou __ 110 96 XKeith-A-O pf 3.50k. 69% 51 Kennecott (28).. 205 14% Keystone S&W (.60) 46% 37% Kimberly-Clark (1) 35% 31 Kinney pr pf 297 20% Kresge (S S) .90g _ 47% 31% Kress (S H) (1.60)- 24Y% 18 Kroger Groc (1.60). 27% 15% Laclede Gas 41'3 23% Laclede Gas pf. 24 18% Lambert (2). 27% 17 Lee Rub& T (1g)_- 51% 32 Lehigh PortC (1%) 3% 1% Lehigh Valley Coal. 18% 8% Lehigh Val Coal pf. 24% 134 Lehigh Valley R R 43% 36 Lehman Corp (1a).. 58% 40 Lerner Stores (2a). A. Chester Flather, one of the man- agers of the Washington office of G. M. P. Murphy & Co., is at a Connecti- cut resort for his vacation. Paul P. Rodler, one of the partners in W. B. Hibbs & Co., broker taking a vacation. Audley A. P. Savage, auditor of the National Savings & Trust Co., was back at the bank today after a vaca- tion at a New Jersey resort, Secretary Donald W. Larson of the District Bankers' Association has left the Capital for a two weeks' vacation in Minnesota. General Motors stockholders here ‘were greatly pleased and also surprised over the $1 dividend. Holders on Au- gust 12 will get it September 13. Washington Gas Sells Higher. 157 1354% 213 10% 6% 45% 32% 113 102% is another | 47 35 29° 23% 170% 12: 258 1 623, 517 27 30 32 9% 94 1% Childs Co __ Chrysler (7g) _ City Ice & F €2)_ City Stores ___ Clark Equip (1.60) _ Clev El 11lu pf(43;) Clev Graph Br (1g) Cluett Peabody (1). Coca-Cola (3) " _.____ % Colgate-Palm (%) 4714 Collins & Afk (2a) 31 Colo Fuel & Ir (1g) 15 Colo & South 15% Colo & South 1st pt 31% Col Broadcasting A. 313 81t% Col Broadcasting B_ 20% 10 Colum G&E (.20g) 391 281 Col Pict vte (1a) 125% 111 Col Carbon (4a)_ 69% 56% Comcl Credit (4) 114 100 Comel Cred pf 4% 804 63% Comcl Invest Tr(4). 21% 13 Comcl Solv (.60) 38 Scott Paper (1.058 1% Seaboard Air L (r) - 4 Seaboard A L pf (r) 36% Seaboard Oil (1) 81 26 Sears Roeb (3) __. Servel Corp (1a) AUTO EXPORTS LIKELY TO TOP 600,000 MARK By the Associated Press. NEW YORK, August 3—“Putting the world on wheels” is something more than an advertising slogan these days, says Alfred Reeves, vice presi- dent of the Automobile Manufac- turers’ Association, on his return from Europe aboard the S. S. Bremen. Assembly lines in both American tendency to cover in advance of the forthcoming bureau crop estimate December advanced to 10.70, a gain of 19 points, but reacted to 10.65. At the begining of the last hour the list showed net gains of 11 to 14 points. Futures closed steady, 5to 8 higher. Low. Last 058 10.84-05 129% +1% 334 +1 1% + % 101 +1 61% + Y% 16% + % 41 32% — & 234 — % 344 22 21% +2% 35 +4 19% — % 24% + % 34 -1 2 30 Advertising Total Up 5.6 Per Cent From 1936 Level By the Associated Press. CHICAGO, August 3.—Retail dis- play advertising from January 1 to July 24 was 5.6 per cent greater than the corresponding weeks of last year, October December WO0ODS HEADS BOARD OF RED JACKET COAL Bt 1 i By the Associated Press. Mav 1ok i WILLIAMSON, W. Va., August 3.— | Ju 0.9¢ Officials of the Red Jacket Consoli- Soot seads? micding. 1 dated Coal & Coke Corp. announced that L. E. Woods of Huntington has been named chairman of the board, succeeding W. M. Ritter, who retired. ‘Woods, president of the Williamson Coal Operators’ Association, said he will retain the presidency of the Crys- Cottonseed Oil. Bleachable cottonseed oil closed weak, 13 to 18 lower. Sales, 182 contracts. September, 8.26-27: October, 8.20; December, 8.18; Janu- ary, 8.19; March, 8.23. futures 9% — % 14% — % 0 Washington Gas Light new com- mon stock drew all the attention on the Washington Stock Exchange to- day, 100 shares changing ownership at 26. This was a full point gain over yesterday’s active sales. It closed with 25 bid and 26 asked. Other bid and asked prices were practically unchanged. MEETING IS POSTPONED. NEW YORK, August 3 (#).—The special meeting of Pittsburgh Steel Co. stockholders for action upon adjust- ment of the capital structure has been adjourned until September 22, it was announced. 4% T5% 191 45% 33% 95 497 108 18% 1T% 1% 13% 52% 37% 378 54 109% 6914 42% 3y 49 ki 2 Comwlth & Sou._.... 46 Com & Sou pf (3).. 13 Conde Nast 34 Congoleum-! 197% Consol Aircraft 1 *831% Con Cigp pf ww 614 80s 31% Consol Edi (1.50g) - 991, Consol Edis pf (5) 21 10 Consol Filmpt _. 14% Consol Ofl (.80a) % Consol Textil 81 Consol Coal . 33 Consol Coal pf _. 20% Container (1.20) 18 Contl Baking A ... 214 Contl Baking B . 81 Contl Baking pl(l). 50 ContlCan (3) ._ 35% Contl Ins (1.60a)_. 2 Contl Motor 39% Contl Oil(Del) 38 62% Corn Exchange (!)- 208 EFEFEEEFESEL 79 15% 28%3 114 61 267 85l 3% 5% 10% 28% 29 41% 36 24% 106% 541y 58% Lib-Ow-Glass (3g)- 9% Libby McN & Lib 25% Life Savers (1.60s 28% 94% Liggett & M B (4a). 102% 102% 59% 59% 26% 25% 844 2 B5% 7 21% 85 50% Lone Star 5% Long-Bell A ___ 20 Lorillard (P) (1.20) 824 Louisv & Nash(5g).- 29% Ludlum Steel (1)_ 21 McCall (2) 14% McCrory Strs 82 McCrory St pf (8) 40% McGraw Elec (2) - 324 Mclntyre Pore (2) 314 McKeesport T (2) 12% McKesson & Rob_. 42% McKess & R pt (3) 12% McLellan Btra(% 8’ NEINDONRARINAA DR DS [ AnoA~anDSN - S and European auto factories are now humming at capacity speeds, said Reeves, and a recent census showed over 40,000,000 motor vehicles regis- tered in 153 countries. Exports of autos from this country may shoot above the 600,000 mark this year if the present volume holds, de- clared Reeves. VISIBLE GRAIN SUPPLY. NEW YORK, August 3 (#).—The vistble supply of American grain shows the following changes (in bushels): Wheat increased 17,793,000, corn in- creased 1,472,000, oats increased 1,- 860,000, rye increased 297,000, barley decreased 96,000. A Advertising Age reported today. The advertising newspaper said a check of the 79 major cities used in the survey showed 582,595,400 lines for the period as against 551,771,010 in the comparable period of 1936. For the seven days ended July 24 newspapers in the cities carried 15, 385,388 lines, as against 14,898,195 in the corresponding week last year. tal Block Mining Co. and the Crystal Block Coal & Coke Co., which operate in Mingo and Logan Counties. FREIGHT LOADINGS. NEW YORK, August 3 (#).—Reve- nue freight carloadings on railroads reporting for the week ended July 31 included: July 1. Prev. wk. Y1 ago, tchison 456 a1 Blll & Ohio___ Rock Toiand - Chi & Nwest'n_ Soutn. L Pacifio 400 TONS OF LEAD SOLD. NEW YORK, August 3 (#).—St. Joseph Lead Co. reports 400 tons of [ W: pig lead from Southeast Missourl mines sold yesterday at $5.85 per 100 pounds St. Louis. 24545 To stop late trading, Alfretoh, m- land, will have & eurfew bell toll. b + New Orleans Prices. NEW ORLEANS, August 3 (#.—A mild demand and lack of selling pressure re- sulted in a steady opening of cotton here foday and first trades were unchanged to 2 points higher. he recent steady decline was sald to have left the market in a better technical position ‘and some apprehension was felt over the dry conditions in parts of the Texas growing region. S tober opened at 10.62. December, 10.62; January. 10.66: March at 10.77, May, 10.81. and July at 10.83. Covering by shorts in increased volume kept prices on the upgrade in the early trading and toward the end of the first half hour I:‘.H;e positions were 7 to 9 points net Liverpool opened after the triple holi- day and_was abo due to 1 point lower. - Cables market thera opened steady. with some Bombay buying. and then eased under some hedging, liqu dation an Ed;mwm selling. Cottonse Dece: mber. Mll'h. 1.95b. ’ 7.93b; "