Evening Star Newspaper, August 4, 1937, Page 18

A—I8 xxx WHOLESALE TRADE WELL ABOVE 13% 56 Firms of Fifth District Show 14.7 Per Cent Gain in June. BY EDWARD C. STONE. Bales of 56 wholesale firms in the fifth district in June totaled $4.563.- 383, as compared with $3.980.264 in June, 1936, a gain of 14.7 per cent. sccording to the Federal Reserve Bank of Richmond's latest review. Retail sales in 52 department stores during the same period amounted to $9,829,289 in comparison with $9.323,- 116 in June, 1936, and a gain of 54 per cent. The gain in Washington of only 03 per cent prevented the general average for the rest of the district from being considerably high- er, the review said. ‘The most striking percentage im- provement was in tae value of build- ing contracts awarded in Juue in this territory. Value of such con- tracts was $40.321,000. against $22,- 187,100 in June, 1936, or a bound upward of 81.7 per cent. Building permits awarded, however, which totaled $7,602,196 in 31 cities, were 11 per cent lower than in the corre- sponding month a year ago, the bank report say Fewer Failures, Liabilities Up. Cotton consumption of 314,599 bales was 17 per cent ahead of June a year ago, while a total of 31,560,000 tons of soft coal mined was 8 per cent better than the amount mined a year ago. There were 37 business failures against 40 a year ago, making a drop of 7.5 per cent, but labilities amounted to $442,000 against $266.000 in June, 1936, an increase of 67 per cent. Debits to individual accounts in 24 cities totaled $1,358,798.000, which compared with $1,230,333,000 in June of last year and a gain of nearly 10 per cent. Debits were also about 8 per cent higher than in May of this year. All but on of the 24 cities re- ported higher debits than in June, 1936. Washington, with a gain of 19 per cent, made the largest gain n\er the May. 1937, figures. while Columbia, 8. C. with a 37 per cent ad\an(‘?. topped the other cities in gains over June, 1936. Discounts continued to increase moderately the Reserve Bank of Richmond d J the adds, and for one day, July 14, totaled more than $1,000,000 for time in several years reserve deposits declined between June 15 and July 15. Loans and Discounts Off. Loans and discounts at 41 reporting member banks declined and invest- ments in securities dropped between June 16 and Julv 14. Deposits also decreased. In compafison with fig- ures on July 15, 1936, those for July 14 this year show increases of $35,- 759,000 1in loans, $31,161,000 in de- mand deposits and deposits, while investments in curities declined by $29,958,000. Details from the report show that 10 mutual savings banks in Baltimore had deposits totaling $217,192,727 on June 30, 1937, an increase of four- tenths of 1 per cent over $216,298,343 on May 31, 1937, and a rise of 3.7 per cent above $209,362,668 on June 30, 1936. The deposits figure for June 30 this year was the highest on record in these banks. The District of Columbia reported 3.304 registrations of new passenger automobiles in June this year, against 4,014 in June a year ago, a drop of over 17 per cent. Registrations for the first six months of this year num- bered 16,719. against 18,387 in the first half of 1936, a slump this year of 9 per cent. In the whole district there | was a slump of 3.3 per cent in June but the half year's registrations we'e | 13.1 per cent beiter than a year ago, | the survey concludes se- Investors Well Protected. Latest reports from the Nation's Better Business Bureaus indicate that investors are now better protected from fraud than at any time in the | past. There are 57 Beiter Business Bureaus in the United States, in- cluding one in Washington and three in Canada. Their motto is “Investi- gate Before You Inve and they have recently been specially active egainst glib-tongued stock salesmen, reports state. There is a Better Business Bureau report | the first | | | Member bank | 783,000 in time | | High. 841 22% 28% 36 804 105% 154 148 KR 567a 105% 20 697, Prev, 1937 155'5 215 1521 13815 13115 143% 124 1593, 129 108 FINANCIAL. Btock and Low. Dividend Rate, 63% Acme Steel (4) - 15 Adams Exp (.30g)_. 2215 Adams-Millis (2) 28 Addressog (1.40) 641 Air Reduction (1a)_ 2 Ajr-Way ELAp ___. 11 Alaska Jun (.60a) 2% Alieghany _ 3415 Alles pf $30 ww. Alleg prpf __ 3014 Alleg Steel (1.20g) Allied Chem (6) Allied Stores (.20a). Allis-Chalmers(1g) Alpha Portland (1). % Amal Leath __ Amerada (2) Am Bank Note g Am Bank N pf (3) _ Am Brake Sh(1%g) Am Can (4a) __ Am Can pf (7) - Am Car & Fy (%8)- Am Car & F pf (4g). Am Chain & C(%g). Am Colortype _ Am Comcl Alco _ Am Crystal S 2%g_. Am Encaustic Til._ 4 Am & Forelgn Pow._. Am&FP$6pf Am & For Pw §7 pf _ Am & For Pw 2d pf. Am-Hawaiian S (1) Am Hide & Leath _ Am Home Pr (2.40). Am Ice i Am Ice pf (1g) Am International Am Locomotive Am Loco pf Am M & Fdy (%g)_ Am M & Met (.45g). Am Metal (%g) __ Am NewsN Y (3)__ Am Pow & Lt Am P& L $5 pf (5) Am P & L $6 pf (6) - Am Rad & St $(.60) Am Roll Mill(1.10g) Am Safety Raz (2)_ Am Seating (%g)_- Am Shipbldg (2a) _ Am Smlt & R(2%g) Am Smelt pf (7)_ Am Snuff pf () Am Stl Fdrs (1g) Am Sugar Ref (2)_ Am Sugar pf (7) Am Tel & Tel (9) Am Tobacco (5) Am Tobacco B (5)_ Am Tob pf (6) 901, 48% 37 Am Wool pf (2k) AmZincL&S Am Z&Ld prpf 1% g Anaconda (%g) _. Anchor Cap (.30g) Andes Copper Arch-Dan M (1g) Armour Del pf (7)_. Armour 111 (.558) _. Armst'g Ck (1.50g) . Arnold Const (%g). Artloom 0 Dry Goods Assoc Invest (3) Assoc In pf ww(5) Asso Inv pf xw (; Atch T&SF (2g)__ Atchison pf (5) ' Atlantic Coast Line. Atl Gulf&W Ind pt_ Atlantic Refin (1) A(las Corp (.80) Atlas Corp pf (3) Atlas Tack (%g) 2 Auburn Auto Austin Nichol, Aviation Corp Baldwin Loco (r) __. Baldwin Loc asd(r) Balto & Ohio . ___. Balto & Ohio pf Bang & Ar pf Barber Co (4g)-. Barker Bros Barker pf (2%) Barnsdall (1) ___ Bayuk Cigar (3g)- Beldin-Hem (1) Belg'n NR pf .3.24e_ Bendix Aviat (13g). Benef Ln (1.3215g). Best & Co (2 Bethlehm Stl 2.505_ Beth St15% pf (1)_. Beth St17% pf (7)_. s Bigelow-San 14 g - Black & Deck (%g). Blaw-Knox (.45g) 74 Boelng Airpl _. Bohn Alum (3) Bon Ami A (3g)_ Bon Ami B (1%g Borden (1.60) Borg-Warner (2) Boston & Maine ___ Bridgeport Br 40g_. Briggs Mfg (1%g)_ Bristol-My (2.40a)_. Bklyn-Man (2%g) _. Bklyn Un Gas 2.30 Brunswick-Bal 14 Bucyrus-Erie ._ 7ia Budd Mfg 74 Budd Wheel (.20g) - 30% Bullard Co (1) __ 5014 Bulova Watch (4a). 2215 Burr Ad Mch(.65g)- 414 Bush Term (r) 12% Butler Bros (.60) 28Y% Butler Bros pf(1%) 415 Butte Copper & Z. 174 Bvers Co 66 Byers Co pt 28 Callahan Z-Ld 12 Calumet & H (%g 24 Campbell Wy (1) 231 Canada Dry G Al 11% Canadian Pacific 13% Cap Adm A (%) 30 Carpenter St 1.35g 39% 181y 261 163, 187% 237 o EE oo nanme THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, AUGUST 4, 83 18% 234 327 72 2% 11 2% 35 36 35% 244 24 41t 109 113, 598, 141 101y -1 18% + 4% 23% +1 33 72 P+ 0++1 14+ 2415 254 4l 109 117 60% 141 10'y 2 ik o 8 o S o FEFE FEEIE FEFT i 5 + ¥ & Prev. High, 2% 3% 49 35% 7 % 10% 56% 1937 Stock and Low. Dividend Rate. 35% Contl Ins (1.60a) 2 Contl Motor 39% Contl Oil(De)1%g- 25 Contl Stl (%g)-_ 62Y% Corn Exchange ( 547 Corn Prod (3) 6 Coty__ 40 Crane Co 114'% 100% Crane Co cv pf (5) _. 37 28% 10074 5615 26% 1083, 81% 3 14% 127 43 20% 109% 8y 283 907 24 109 1431 313, 581 241, 10% 146'% 30 715 1014 1265 647n 441 3¢ 657% 7019 122% 28% Cream Wheat 135 1814 Crossley Radio__ 68 Crown Cork (2) ___ 41% Cr'n C'k pf ww 2% 16% Crown Zeller = 94Y% Crown Zeller pf (5). 51 Crucible Steel 1% Cuba Co 74 Cuban-Am Sugar _ 1097 Cub-Am S pf (10k)_x 377 Cudahy Pack (2%)_ 813 Curtis Pub 71 Curtis Pub pf (7) 5 Curtiss-Wright ___ Curtiss-Wright A__ Cutler-Ham (1g) . Davega St pt (1% ) Dayton P&L pf 4% - Deere & Co (18) . Deere & Co pf (1.40) A1 & Hud Del Lack & W Den & Rio G W pt__ Detroit Ed (58) Det & Mackinac pf . Devoe & Ray A(3a). Diamond Mat (1a) . Diam Mat pf(13;a). Diam T Mot (};g) - % Dist Corp-Seag Dixie-Vortex (134)_ Dixie-Vor A (21g) . Doehler Dle C (1g) - Dome Mines (2a) Douglas Aircraft _ Dow Chem (2.60g) Du Pontde N(2%g) 4« Eastern Roll Eastman Kodak (8) Faton Mfg (1%g)-- Eitingon Sch = El Paso N Gs(1.60). Elec Auto Lt 1.40g . Elec Boat __ Elec & Mus (.18¢) _ Elec Pow & Lt ____ ElecP & L $6 pf___, Elec P & L pf Elec Stor Bat (2) EngPS1wwbitk. Eng P S $6pf 4158 . Equit Off Bldg 16'2 3% 19 991 104% 254% 33 133 4 1107% 20 69's 26 2 Erie1stpf _ «FrieRR2dpf = _ Eureka Vacuum Cl_ Evans Prod (1) ___ Exchange Buffet___ Fairbanks pf Fairbanks Mrse(1a) Fajardo Sug (2g) Federal Lt & Trae . Fed Mining & Sm Fed Motor (.10g) Federal Wat Sve A Federat D St (1%3x) Fid Phoenix(1.60a). Firestone (1%4g) __ Firest A&R pf (6) _ First Nat Strs(213) Flintkote (1) - Follanshee Bros Food Machine (1a) Food Mach pf (414) Franklin Simon pf . Freeport Sul (1g) Freeport Sul pf (6) Gabriel A " Gair (Robert) _____ amewell Gar Wood Ind (%g) Gen Am Inv ¢ Gen Baking (.60) Gen Bronze__ Gen Cable Gen Cable pf sen Elec (.80g)_. Gen Foods (2) - Gen G & El A Gen Mills (3) Gen Motors (2 Gen Mot pf (5) Gen Out Adv GenOut AdvA ____ + Gen Print Ink(.30g) Gen Pub Sve Gen Ry Signal (1) Gen Real & Util Gen Real & Ut pf._ Gen Refract (2h)__ Gen Stl Cast pf Gen Thea Eq (%g)- Gen Time In (1a) . Gillette (13g) . Gillette pt (5)_ Gimbel Bros _ Glidden Co (2a)_ Gobel Adolf___ _ Goebel Brew (.20a)_ Gold Stock Tel (6) _. Goodrich (%g) Goodyear T&R (1g) Goodyr T&R pf (5)- Gotham Silk H Graham-Paige Granby Consol Grand Union___ Grant (WT) (1 00!) Great Nor Ry Df Grt Nor Ore ct(%g) Grt Wst Sug(2.40a) Gt West Sug pf(7) Green (HL) (1.60a) Greyhound (.80) 40 Guantanamo pt_ 10 Gulf Mob & Nor 431 Gulf Mob & Nor pf. 261 Hack W pf A (1%)_ 1313 Hall Print 2513 Hamilton W (1.2 K) 40 Harb-Walk (1.50g)_ 4 Haves Body __ 114 Hecker Prod (.60a). 24 Hercules Mot (1) .. 1447 Hercules Pow (3g) - 10214 Hersh cv pf (4a) .. 3214 Hinde & Dauch(1g) 207 4915 45y 16% 6610 6l 3 314 36 31 9ty 26'% 4% 47y 108 55 24% 105'% 11215 49% 36 60 4815 113 87 132 27w 12% Bales— Add 00. High. Low. Close. chge 5 39 4% 6 20 74% 19% 1024 136% 27% 355 2% AT% 297 99 1% 8% 110 38 10% T4 6 20 74% 19% 103 137T% 27% 374 16% 6 Net | Prev.1937 i & e PR L +++4+ 000 [ +4++ {10 e ][ S | O R AR I o B O S o +1+1+ W FOEFFFEIF Stock and High. Low. Dividend Rate. 76% 650% Lone Star Cem (3) - 10% 5% Long-Bell A ______ 43y 28% Loose-Wil Bis (2) _ Loose-WB 5% pf(5) Lorillard (P) (1.20) Louisv & Nash(5g)_ Ludlum Steel (1)__. McCall (2) ___ McCrory Strs McGraw Elec (2) MclIntyre Pore (2) McKeesport T (2)__ McKesson & Rob __ McLellan Strs(%g) Mack Trucks (1) .. Macy (R H) (2a) Mad Sq Gar (1.15g). Magma Cop (1%g) - % Manati Sugar (r)__. Manati Sug pf ct Man Ry mod gtd(r) Marine Midl (.40a) . Market St Ry pr pf_ Marshal Pield Martin (Glen)_. Martin-Parry Masonite (1a)_ _ Math Alkali (1%) - May Dept Sirs (3a). Maytag Maytag 1st pf (6)__ Mead Corp (3;g) Melville Shoe (5) - Mengel Mengel 5% pf(214)- Mesta Mach (2%g). Miami Copper Mid-Cont Pet (1g) Midland Steel (2) Midland Stl 1 pf(8). Minn-Hon Reg (3)- 12 2 82'/1 29% 21 14% 40%, 324 31% 125 12% Minn-Mol Imp pf Mission C: Mo Pacific pf (r) Mohawk Crp(2.20a) Monsanto Ch 1%ag Montgom Ward(2a) Morris & Esx (3%). Mother Lode Motor Prod (174g) - Motor Wheel (1.60) Mueller Brass (1a). Mullins Mfg B new._ Mullins pf (1) _ Munsingwear (3) Murray Corp Myers & Bro (2g) - Natl Acme (%4g) - Biscult (1.60) Natl Bnd & Inv 1.44 Natl Cash Reg(%g) Natl Dairy P (1.2 Natl Dept Strs Natl Distill ( Natl Gypsum _ Natl Lead (%) Natl Lead pf B (6) Natl Pw & Lt (.60)_ Natl Steel (1%5) - Natl Supply Natomas (.80) isner Bros (2) a N Y Air Br (1128) _ \ Y Central Y Chi & St Louis N Y C Omnibus __ NY S5 N Y Investors (r)__ NH & H (r) 1007 11% 28 54y North Am Aviat North Am (.60g) North Am pf (3) Northern Pacific__ Norwalk T & Rt Norwalk Tire pf. Ohio Of1 (1) Oliver Farm_ Omnibus % Oppenheim Col 1eg- Otis Elevator S0g - Otis Steel Owens-111 Gl 1%,g _ Pac Am Fish ( Pac Coast Pac Coast 1st pf. Pac Coast 2d pf Pac Gas & El (2) Pac Lighting (3)_ Pac Mills (1g) 4 Tac Tel & Tel (8) Pac West Oil (.6 Packard Mot (.15g). Panhandle P&R (r) Panhandle pf (r)__. Paramount Plct 514 Paramount 2 pf(.60) Park Utah Parke Davis(1.40g). Parker Rust-Pr 115 Parmelee Trans Pathe Film Patino Mines Peerless Corp Penick & Ford (1g). Penney (1 C) (28) . Penn Coal & Coke _ Penn-Dixie Cement. Penn Gl S'd et .50g .. Pean R R (1) Peoples Drug (1a) . Peoples Gas Lt & C Petro Corp (.40g) Pfeiffer Brew (.60g) Phelps Dodge 1% g 4 Phila Co 6% pt (3) Phila Rap Trans._ Phila Read C & I Philip Moris(3%g)- 5 Phillips Pet (2a) ___ Pills Flour (1.60) Pitts Coal pf Pitts Screw (.308)__ Pitts Steel pf_ Pitts United _ 5 Adu 0. High. Low. Close. chl 54% 7 285 106% 21% 8% 3T 1937. Prev, 1937 High. Low. 51% 3% 23% 53% 7 2815 106, 21% 87 5414 — T 2816 — % 1061 +1% 21% + % 87 +2 2% 367 22% 17% 51 33% 36% 14 3674 22% 17% 51 33% - % " ™ Y% 14 " 1415 Y% +1+++11++ I+++ 1+ +++1+1 ]+ Stock and Dividend Rate. 38% Schenley Distill(3). 1% Schulte Ret (r)____ hulte Ret pf__ 1 Scott Paper (1.05 Seaboard Air L (r) Seaboard A L pf (r) Seaboard Oil (1) ___. Seagrave Corp Sears Roeb (3) Servel Lr)rn (1a) Sharp & Dohme ... Shattuck FG (.60) - Sheaffer Pen (1%g) immons (1g) Simms Petrolenm__ S Socony-Vac (%g) Sou Am G&P (.10g) Sou Po Rico Sug (2) ou Cal Edis (1%a) Sou Pacific..______ Southern Ry ____. Southern Ry pt SoRYM&O ct (4)- Spalding _ Sparks With Spear & Co Sperry Corp (le) % Spiegel Inc (%g)_ Spiegel pf (414) Square D Co B.60g . tand Brands (.80) tand Com Tob Swift& Co (1 Texas Corp (2) Texas Gulf Pro Tex Gulf Sul FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Star. Bales— Net Add 00 High. Low. Close. chge. 83 83 Bales— Add 00. High, Low. Close. chn 6 43 427% 15 1A 164 39% 1% 5 404 8lg 95% 30 35% 1035 31008 300 &EL(r)_ & Ept (r) 6 prpf(r) 7% D pi(r) tand Oil Calif (1a) nd Oil Ind (1a) nd OIlN T (1a) . arrett (L s Sterling Prod (3.80). Stewart-Warn (1 Stokely Bros(.9 Stone & Web__ Studebaker _ un Oil (1a) unshine Mng (3 Superheater (1.7 Superior Oil uperior Steel A1 (1.60). 0) - Symington xw 358 Telautograph (.60). ) C&O (40) . ¢ Land Tr air d Ave Thompson Pr(.90g) Thompson Thompson St Tide- cific (6) Water As(1 imken-Det Ax( 6319 164 15 sy 11% 36% 80 100% .l»r(i”: "ox (1g) 101%, 2515 126 n Pacific pf (4) n Tank Car (160) “nit Aireraft (13g) “nit 12614 120 147 3% 1 115 48 2414 104 481y 610 201 70 (R nit Air Lines _ ‘nit Biscuit (1.60) “nit Carbon (4) rp “nit Corp pf (3) “nit Drug (%g) nit Fruit (3) “nit Gas Imp (1) “nit Paperbd (.30g) S Freizht (1%e) _ S Gypsum (2) S Gypsum pf(7) S Hoffman Mach _ 0'S Leather A S Pipe (3) 3 Realty & Imp S Ruober 7S Rubber 1st pt ro Chem Va-Caro 6 pf(11:k). VaIr Coal & Coke Va Iron Coal & C pt Vulcan Detin ¢ Wabash Ry (r) Wabash pf A (r) Waldorf Walgreen (2) 2 Walgreen pf ww 4 ‘, Walker H G&W (2) - Walworth ‘Ward Baking B__ Warner Bros Pict. Warner-Quin (r) Warren Bros (r) Warren Fdy &P (2a) Waukesha Mot (1a) Wayne Pump(1l2g) son O & S (12a) WesO&Spf (4) W PennElA (7) West Penn El pf(6) 3R) - ¢S (1.20) - ] + | steamed forward briskly today haulir .| were santa Fe STOCK RALLY LED BY RAIL SHARES General Market Improves Fractions to $1 or More. Utilities Lag. Stork Averages 30 15 15 60 Indus. Rails. ULl Btks Net change. + 312 Today, close 983 Prev. day .. 98.0 Month ago. Year ago. 1937 high.. 1937 low 1936 high. 1936 low 1932 low. 1929 1927 396 384 408 390 495 36.1 435 302 434 557 8.7 239 169 -146.9153.9 184.3 157.7 - 516 853 618 61.8 436 438 424 524 54.0 391 537 697 69.3 7.6 67.8 753 62.6 128 low. (Compiled by the Assoclated Press ) BY VICTOR EUBA> Associated Press Financial NEW YORK August —Ralls the stock market ahead fractions to a point or more. After a draggy start carriers picked | up momentum on a Wall Street rumor the result of wage negotiations would | be less burdensome on rails than earlier feared by some observers. Buying in this group released de= mand for industrials and metals, oils, steels and specialties, all moved aggressively along grade. Providing a generally bright back- ground for the rise, brokers said, wzs the good backlog of favorable trade and industrial news, stouter earnings and a scattering of improved div dends. Lack of stamina in the utilities ar- rested Wall Street's attention and of which the up- + | some commentators said they believed | this group was stopping for a breath- | ing spell following recent advances .| Transactions approximated 900,000 | shares. |7 Leaning forward most of the session New York Central, Northern Pacific, U S. Steel, Bethlehem, Chrysler, General | Motors, Sears Roebuck, Anaconda | Cerro de Pasco, St. Joseph Lead, N | tional Lead. Texas Corp., Standard Oil | of New Jersey, Miami Copper, In ispxraunn Copper, Radio, Associated | Dry Goods and American Zinc Western Union, Consolidated Ed | son, American Telephone and Dee were backward Socony had the aid of higher ear ings. A dividend of $1 against a rears of American Woolen preferr | stimulated buying. Security and Ex- change Commission approval of the recapitalization plan of International Paper & Power spruced up the senior stock. Standard Ol of California got |a lift from improved earnings. Lead issues derived some fuel from' a boost of $5 a ton for the metal. Oils owed their steadiness in part to a brighter statistical picture for the industry. CHICAGO GRAIN By the Associated Press CHICAGO, August 4. —Buying credited to exporters and domestic | mills did much late today to bring about wheat market rallies to above yesterday's final prices There was talk here of inquiries for nearby export shipments of wheat. Movement of domestic Winter wheat fell off, but the domestic Spring wheat harvest was progressing fa- vorably. At the close wheat was unchanged to ' cent higher, compared with yesterday's finish, September 1.13%-15, | December 1.137:-1.14'x, corn 1 cent to 2% up. September 9675-97, Decem- | ber 6574-66'5, and oats unchanged to ‘s advance WHEAT— Southern Pacific, Open i e open in every major investment center in the country and their activities are closely co-ordinated. A survey reveals W Pen E17% pf (7) W Penn P 7%pf(7). West Auto Sup 1.60. 1201% 101% Holland F pf (5) 30% 21 Hollander (1) Plymouth O11(.70g). Poor&CoB_____ Porto Ric-Am T A 9l 6% Carriers & Gen .10, 1 191% 138 Case (JI)._ : g 12315 118 30's 24 4315 that the Securities Commissions in the 48 States are particularly active at present and the brilliant record of the Securities and Exchange Com- mission it too well known to be re- viewed. The three agencies combined are making life very hard for finan- cial fakers. % ‘The Securities and Exchange Com- mission finds that the former shop” has disappeared has come much house- pressure canvassing. Fewer and fewer fakers are ‘using the mails to de- fraud” cases. As any potential stock buyer can check with any of these powerful protective agencies in case he becomes suspicious, there would seem to be little excuse for losses due to swindlers’ operations. Heard in Financial District. New York City bank stocks reached moderately higher levels during July, according to a survey by Hoit, Rose & Troster. Insurance stocks also im- proved, the highest point of the month being reached on July 26. Albert 8. Gatley, vice president of the Lincoln National Bank, is spend- ing his vacation at Ocean City, Md. Charles H. Doing, first vice presi- dent of the Washington Loan & Trust Co. and manager of the West End branch, has returned from a three weeks’ vacation at Saranac Lake. M. F. Calnan, president of the Lib- erty National Bank, has postponed his vacation until Fall, when he will attend the annual convention of the American Legion in New York and the annual convention of the Amer- fcan Bankers' Association in Boston. Foreign dollar bonds advanced 1.24 per cent in July, according to the Foreign Bond Associates, Inc., index of 50 representative issues. The figure stood at 59.82 on July 31, compared ‘with 59.09 on June 30. D. C. Exchange More Active. ‘Washington Gas Light new common stock was again in demand on the Washington Stock Exchange today, five 10-share sales taking place at 26, same price as yesterday. The final bid was 25, with 26 asked. ‘Washington Railway & Electric pre- ferred figured in a 50-share turnover at 110. Peoples Drug Stores common appeared on the board, selling at 4815, The only bond sale was in Capital “Traction 5s, $1,000 bond moving at 86. ) 129% 112 Case (J 1) pf (7) 100 85 41'% 26% Celanese (1%g) . 4814 365 Celotex (.80g) - 8213 73% Celotex pf (5) .. 12% 6!y Central Fdy Caterpillar Trac(2). 62% 517 2T% 30 32 31% 20/1: 69% 804 21% A% 75% 19% 454 125h 111 i Central Violeta Sug. 60 Cerro de Pasco (4)_ 114 Certain-teed . __ 481 Certain-teed 6% pf- 3515 Champ Pap & F (2). 141x Checker Cab Mfg___ 67 Ches Corp (3) 504 Ches & Ohlo (2.80m) 6'3 Chi & East 11 pf(r). 2 ChiGt West (r) _. 8% Chi Gt West pf (r)_. 24% Chi Mail Or (1%5a) . 1% Chi MStP& P (r) . 3% Chi M St P&P pf(r). 3 Chi&NW (r) 9% Chi & N W pf (r) 21 Chi Pneu Tool ~__ 2 Chi RI& Pac(r) .. 3% CRI&P 6% pf (r). 45 CR1&P 7% pt (r). 14 Chi Yell Cab(1%g)_ 15% Chick Cotton Oil 9% ChildsCo 94 Chrysler (78)_ 17% City Ice & F (2 80 City I&F pf (6%)- 6% City Stores - g 324 Clark Equip (1.60) - 35 Clev Graph Br (1g). 23% Cluett Peabody (1). 17% Colgate-Palm (%) 10413102 Colg-Palm pf(6) . 473 Collins & Aik (2a) _. 81 Colo Fuel & Ir (1g). 15 Colo & South __ 15% Colo & South 18t pf. 30% Col Broadcasting A 30% Col Broadcasting B. 10 Colum G&E (.20g) 28% Col Pict vte (1a) Col Carbon (4a) 56% Comecl Credit (4) 63% Comcl Invest Tr(4). 13 Comel Solv (.60) 2 Comwlth & Sou 12% Conde Nast 34 Congoleum-Na (2). 197 Consol Aircraft Consol Cigar ‘s Con Cig p pt ww 614 314 Consol Edi (1.50g) _. 9914 Consol Edis pf (5)-. 214 Consol Film Consol Film pf 8% Cons Laundkie; 14% Consol O11 (.80 4% Consol RR Cuba D - % Consol Textile. 814 Consol Coal.. 33 Consol Coal pf. 20% Container (1.20). 18% Contl Baking A._. 2% Contl Baking B... 50 Contl Can (3) .. 18% Contl Diam Fib(ig) 111 117% 17% 841 8% Sl F OFF FEFFFFEES F FEF EFFEFFE & FF F IFF |IL FEL - l+|++l {1t b " sesssss FEEEFEFES ‘:0‘ 474% 144 131% 330 6 6414 1113 2813 9% 63 189 118% 167 15% 36! 107% 30 126% 8T% 155 136 2 42 29% Holly Sug (2%8) - 474 Homestake (.758) -~ 18 Houd-Her B (11%)_. 57% Household Fin (4) . 8812 Househld Fin p[(s) 1214 Houston Oil _ 62% Howe Sound (3a) -.. 2% Hudson & Man 67 Hudson & Man pf_ 13% Hudson Motor. 3 Hupp Motor. Illinols Central .. 111 Cent LL (4) Indust Rayon (2) .. Ingersol Rand(3g) - Inland Steel (4a) Inspiration Copper. 4% Insuranshar (.10g). 41 Interchem Corp(2 4% Intercontl Rubber 16% Interlake Iron 5 Intl Agricul. . Intl Agri pr pf (SkL 146'4 Intl Bus Mach (6a). 99' Intl Harvestr (2%3). 87 Intl Hydro-Elec A. 6% Int Mer Marine 10 Intl Mining (.308) 55% Intl Nickel (1.508) - 16% Intl Paper & Pw A. 10% Intl Paper & Pw B_. 5% Intl Paper & Pw C . 90% Intl Paper & Pw pf_ 43% Int Ry Cent Am pf_. 31% Intl Silver_ __ 88 Intl Silver pf (6k) 9% Intl Tel & Tel . 201 Interst Dep S 2%g-. 100 Interst Deptpf (7). 25% Island Crk Coal (2). 121 Island Creek pf(6)._. 6915 Jewel Tea (4) 120 Johns-Manville (!). 117% Jones & L pf (3%k) 15 Kansas City Sou 20 Kayser (J) (1g) 12% Kelsey-Hayes A 9% Kel-Hayes Wh B__. 51 Kennecott (28) . 37% Kimberly-Clark (l) 31% Kinney prpf .. __. 8% Kresge Dep Stor: 20% Kresge (S S) .90g 31% Kress (S H) (1.60)_ 18 Kroger Groc (1.60). 23Y% Laclede Gaspf____. 18% Lambert (2). _. _. 17 Lee Rub & T (1g) 32 Lehigh PortC (1%) 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf. 134 Lehigh Valley R R 36 Lehman Corp (1a).. 14% Lehn & Fink (1%)-. 40 Lerner Stores (2a) . 58% Lib-Ow-Glass (3g). 9% Libby McN & Lib__. 94Y% Liggett & M B (4a). 59 Lima Loco (18) 51% Link Belt (2)_ 26% Liquid Carb new... 64% Loew's (38)ccecaea, 1 Lott 21 58 33 124 94 17% A 1 201% 1 67% 12% 101% 67% VAl ++ +++ S ¥ FFER ;ifil## FFEE FFEE FFEFEFF F ¥ ¥ F Postal T & C pf (r 3 Pressed Steel Car __ Press SC1pf (%) . Procter & Gam (2a) 2 Procter & G pf (5) .. 1508 Pub Sv E&G pf(5) .. Pub Sve D Pub Sve N J pf (6) . Pullman (1%). Pure Oil Pure Oil pf (8) Purity Bak (.4 Quaker St Oil Radio Corp Radio cv pf (31 ;) - 4 Radio-Keith-O (r) _. Raybest-Man (134). Reading 1st pf (2)_. 3 12 5 11815 11413 1134 110 523 36% 12814 112'% 724 513 24% 16% 112% 107' 23% 137 187 16 T8 Real Silk _ Reis & Co Rem Rand (1.05g) . Rem R pf ww (413). Reo Motor e Republic Steel Rep Stlcv pf (3k) . Revere Copper & B Revere Cop & BrA_ Revere Cop pf 5% __ 4 Reynolds Met (1) . Rey Met rts Augl2. Reynolds Spr (1) ... Reynolds Tob (3) - Reynolds Tob B (3). Ruberoid (.60) _ Safeway Strs (2)_ St Joseph Lead (2a). St L-San Fran (r) - 4% St L-San Frn pf (r) 11 St L Southwn (r)__. 10s 26 St L Southwn pf(r). 50e 14% Savage Arms(.75%). 1 49 30 31 43% 2% 27% 1% 7% 4% 2 114 54 831y 57% Western Maryland .. Western Pac = ‘Western Pac pf ‘West Union Tel Westinghse Air (1) 167% 170 30% FaEL +l0+0 140+ 621y 101 40% 9 11:00 A.M. 1:00 P.M. last vear, year. 5] clared this year. NEW YORK COTTON By the Associaied Press. NEW YORK, August 4.—Cotton prices advanced today in a pre- bureau covering movement despite further large private crop estimates ranging from 15,114,000 bales to 15,- 721,000 and the average guess of 73 members of the New York Cotton Exchange of 15,082,000. ‘The impression gained ground that something may be done in Wash- ington to stem the declining tendency of values despite a strong indication that the President would not favor loans unless accompanied by crop- control legislation. Prices moved feverishly at times, with December reacting from an early high of 10.78 to 10.71, and the lst 4 t the beginning of the last hour 13 to 15 points net higher. Futures closed sl"«!"d" 18 to 24 higher. October December _ January March 10.9: 108 10.8 10.9: 11.08 5 5 9 2 5 July 07 “8oot steads: midaling. New Orleans Prices. NEW ORLEANS. August 4 (P.—Cotton opened steady today. 4 to 7 points higher, in yiew of better Liverpool and a_little short covering in advance of the weekly weather and crop summary. October opened at 1 10.74. January at 10.77, May, 10.91. and July Some " mild profl made after the start. of the first half hour 0 slipped back to around yesterday's clos- : Septem- ber. 7.73b: December, 7.650; Jnnunu, 7.66b; March, 7.66, December at PR T People of Cuba are buying more automobiles than a year ago. ) g Total Sales for the day. 5Unit of trading 10 shares. T In bankruptcy or rceivership. or being reorganized under bankruptcy act. or securities assumed by such companies. Rates of dividends in the foregoing table are u:n:lll dis- t n the last quarterly or semi-annual declara- hmkmtez‘x’fl:sflgfg-fwnu noted. special or extra dividends are not ded x Ex diyldend. xr Ex rights. 1 Payable in stock. h or stock. Westhse E1&M (3g) Westhse Elec pf 3g Weston El In(%g) Westvaco Chl pf 113 Wheeling Stl Wheel Stl pf 235k _ White Motor _ White RK M Sp 1.40. White Sew M pf Wilcox Oil & Ga Wilson & Co (13)--. Wilson $6 pf (6) Woolworth (2.40) _ Worthington Pump Worthington pf A_ 140s i Wor P& M pf B Wright Aero __ Wrigley Jr (3a) - Yale & Towne (.60). Yellow Truck Youngstn S&T 1%8§ Zenith Radio(1%g) Zonite Prod Approximate Sales of Stocks on the N. Y. Stock Exchange. 5% 190,000 650 000 12:00 Noon._. 2:00 P.M. 900,000 - 400,000 . 690,000 . e Pald far this or de 8 Also extra or extr € Declared or paid CAccumulated dividead b Liquid Carbonic Earnings Rise to $1,050,615 Mark By the Associated Press. CHICAGO, August 4.—Liquid Car- bonic Corp. reported net income for the nine months ended June 30 to- taled $1,050,615, or $1.50 a share on stock now outstanding, compared with an adjusted figure of $612,288 for the corresponding period a year ago. For the quarter ended June 30 net income was $775,585, compared with $673,309 the corresponding 1936 pe- riod. The figures were before provision for undistributed profits tax. Nine months’ net sales showed & 40 per cent increase. Chicago Cash Market. Cash wheat, No. 2, red, 1.1412-1.16%, : No. 1, hard, 1.20; No. 3, mixed, 1.13; corn, sample grade, 1.00; oats, No. 1, mixed, 29',-30; No. 1, white 29-30!; rye, No. 1, 84; barley, No. 2, 70, In- diana; No. 3, malting, 80; feed, 40-60, nominal; malting. 60-82, nominal; timothy seed, 2.75-80 cwt. Baltimore Quotations. BALTIMORE. August 4 3. fed. Winter. sarlicks, spot. 1170 August. 1.17 U. S TREASURY NOTES NEW YORK. August 4 (P.—Prices quoted in dollars and thirt .ecand( Wheat domes! Rate Mo. ¥r 3 se 1937 s 1038 My, b June. 193K 1938 d. Asked Ppiela. P I (O 2 ek 19427777 10023 BOSTON WOOL MARKET. BOSTON. August 4 (#) (U. 8. Dept. Aj —Trade in wool was generally slower than last week. but small lots were moved today in a number of fleece and Western-grown wools at steady to firm prices. Graded Ohio fleeces received a little call Small quantities of medium Ohio fleeces were moved at 43-44 cents in the grease for three-eighths_blood and 42-43 for quarier blood. ~ Staple combing lengths. half-blood Ohio fleeces sold in small lots 4.0 cents in the grease. STEEL ISSUE OFFERED. NEW YORK, August 4 (#).—An issus of 200,000 shares of convertible $5 preferred stock (without par value) of Sharon Steel Corp. was offered to- day at $101.50 a share by an under= writing group headed by Speyer & Co. and Hemphill Noyes & Co. New England Fund Prospectus on Request A. S. GouLpEN & Co., INc. Weodward Bidg. NA. 2000