Evening Star Newspaper, August 4, 1937, Page 19

FIN CURB LIST MOVES | TOHIGHER LEVELS Early Gains of Industrial Specialties Spread to Other Sections. By the Associzted Press NEW YORK. August 4 —FEarly| morning strength in industrial spe- | cialties spread to other sections of the | curb market today and with few ex- ceptions, prices in all groups Wwere | higher. On the up si issues as Ele such active Bond & Shave, Niagara Hudson, American Gas, Cities ice, Sun Ray Oil, Cord Corp., American Cyanamid B, St. Regis Paper, New Jersey Zine, Consolidated @opper and Technicolor Scattered losers embraced Humble Oil, Creole Petroleum and Pan Ameri- | can Airways, BIG GAINS SEEN IN NET EARNINGS Corporate Profits Pile Up 18 Per Cent Gain in June Quarter of Year Ago. | Am ANCIAL. By private wire direct to the Star. 2 Stockand Sales— Dividend Rate. Add 00 Acme W vic (2g). 25s Ainsworth (1g). Air Devic: Am Airlines Am Bevera Am Box Bd (. Am Capital (B) Am Centrifugal . ACP&L ww ACP&L B(30g). “van B (.60) - Am & Fgn P war_ Am G & E1(1.40)_ AmG &Ept (6) Am Gen A Am Gen $2 pf(2)_ Am Hard Rub Am Laun M (.80) L&T(1.20a) Maracaibo Seal Kap Sup Power. up D pf ST 1pf(6) . Thrd pf() .. Ang Wupp (.208) Arctur Rad Tube. # Ark Nat Gas < Nat Gas A Nat Gas pf _ Ashld O&R(.40) ASG&EL__ A Atl Coast L2256, 208 Atlas Corp war _ ! Austin Silver M_. Avery & Sons Baldwn Rub (13) ardstown Dis ium Sta St1 Bath 1 W(6%1) Reech Airc Bellanca Airc_ Bell Aire 18 30 6 50s 2 508 50n Am Am RO R 000 e DOt 0 3 2% 4 9 3 6 16% 164 164 10% 3 B8pecial Dispatch to The Star, BOSTON, Au 4.—Statements of | over 280 corp ns which have so| far reporte quarter earnings show combined net profits, less defi- | cits, of aboul $426.000,000 for the | quarter, con wit 0,000.000 | in the same period of 1936—an in- | erease of than 18 per cent, | says the United Business Service in | its current Aggreg: for the first six months $854,000.000 was 29 per | cent higher than own by the | same group of comy in the first | half of 193 For the fif steel comp percentage correspondin Despite s'r recorded a per cent o repo that s nies th consecutive les reco the in o ts periods t quk'.‘t(‘\‘l largest | for the! e vear before. the industry earnin of 138 e JU"(" in of over -months’ ke tie- ips in | Bow | Bra Bell T Pa pf(6'2) 20 Berl&Gay Furn Bliss E W Blue Ridge (.15g) L Bear (1g) &L (908)- rewster Aero ridzpt Ma(l2g) 116 116 116 2 2 2 17 . N 2% 2% 24 13 318 31% T 278 27% Sia 17 10 Brill B Brillpf __ Brown Copf _ Erown F Dist EN&EPDI(1.60) Buk HI&S(1%3)_ Bur Ltd(.162g) Can Hydro Fl pt_ C‘an Marce Wire ib Syn {(13g) . Carnation (1) Carnegie Met_ Carrier Corp " 60s | Catalin Am ___ Cen & Sw Ut Cen St F | Cens | Centrif Pi (.40) Cherry Burr (4) | €hi Flex Shft (4) le shows ures for second the com- 24 lead- quarter Automob Building Cand Chemica Coal m C: | Det G 107y 106 a2 ® oy } f | 1 Bond & Sh ! I Comw Edic Comw Ed 4 Comw Ed 15 Comw_Ed Com Pb_Sv Comw Sh 5« Comunty P&l Con GEL&P Cons G U i 105 100 105 100 10874 1083 6 East G & F 4s B Pw & L Emp O&R 5 Florida P&L Gatineau Pu Gen Pb U Geo Geo Glen Alden entucky 8 Dist P ehigh P'S Lex Uil 5s McCord Rad i< Mem P&L 5 Midlan VRR | Mil G & Minn P & P Hon& H | Col Fuel&l war | Fairchild Av | Fisk Rub | Harve > | HCp Am B(.60g) Ch RIv&M (.308). Chief Cons Childs p. Cit Cle Serv pt Cit Auto St(.30g) Claude Neon Lt _ Cleve Tract Cli A Coal Club Al Uten, Colon Develop es Service &5 ColtsPatF (14g). Colum O & G Cons Steel Corp - Cont Roll & Stl Cooper-Ress Copper Range Cord Corp Cosden Petro Creole Pe Crocker Wh Croft Brewing Crown C Pet CrnCkI Crown Drug Crown D pf(1.7 Cusi Mex Darby Pet (13)_ Dayton Rub Derhy 0il Der Oil pf (2] DetG&Mpfi1.20). Sray Ir (.04). Det St Pr (%g) - Diveo Tw C(.40)_ DraperCp(2.40a) 20s Con Lok G ) Test (40) - 1 PLd.30g . 20 &F 4 1008 :8)- A1) Corp T Wash MI sler BL L Hassh PECE) Pow As (1ag) ElIP & L war Smsco D&Eq (1). quity Corp vans Wallo vans Wallow pf Ex-Cell-O C(.408) Fanny Frm(2g). Fedrs Mfg(12g) - Ferro Enam(%g) Fidelio Brew____ 14 43 135 1 1118 1115 1119 49 49 49 25 a5 a5 613 6 6% 105 105 107y 201 200 204 44 21t 231 T F'st Na St 1 pf(7) 100s FlaP&Lt$7pt . 508 Ford M Can A (1) Fd M Ltd(.213g) Froedt G (1.20%) Gen Alloys Gen El Ltd 643g - Gen Firepfg .558_ Gen Invest Gen Tel (128) Gen T & Rub | Gen T&R Apf(6 | Gilbert (AC) Glen Alden(14g) sdenx S pf (1) | Gorham vte 2 Grand Nat Films. Gr Itap V (1) GtA&P nv (6a)__ 205 tNor Pap(1a)__100s GulfOil (4g) . 2 SIS Utpeaty . b0s Lamp(.20g). rd Brew 1 Hn D Stre(1.65g) Hecla Min (.458). Heller W E(.40a) Hevden Chem (2 )&Co A Hard(2) % pf Hud BM&S (3¢£) . «! Humble Oil (132) | Hummel RF | 11l lowa Pow | Imp Oil Can( on C'L & P 45 s Wa & P Peop L & P Phila El P Potomac E 4125 Pub S No Til 5s Pub SNT4 B Sk Bhw W&P 1! Bou Cal Ed 8ou Cal Souw_As T 8td G&E 65 33 8td Gas & El 6s 8td Gas & El Stand Inv 3 and Pw&Lt uper of Til Texas Elec 3348 O Unit: Lt&Pw s Unit L&R D 5155 Va Pub Ser fis 46 Va Pub 8 5'.s '4F West News U West T Ut 55 Yadkin Riv U York Rwy Co i FORFEI Cauca Val “7s 4 Pomeran 4 Terni-Soe 612 i xw rants. n—New §Negotiability Impaired by maturity. tCompaniss reported in receiverphip, i<y PHILADELPHIA PRODUCE. PHILADELPHIA. August 4 _(#.—Liv poultry. fowls fan mouth Rocks. ed colo Lechorns. fancy, T e e 18: Leg- Born roosters 15: Spring chi fancy, Plymouth Rocks. large. 16. age. 23-25: crossbreds. 5 24 Leghorn broilers. 22-231,] Dressed poultry. fowls. fresh kilied. in €8 o220 chickens. Westerns.” in ’fl’lb 2 seore.- M-azh‘ o1, 31%: 90. SR 30%; BR, 203, 1 & { Irv Air Ch (1) | Kingston Pr(.40) | Ludwig-Baum'n. .40g. 1l Towa Pow pf . 1llaPdivet - 2a) Ind Pipe L(.30g). Tndus Finan vte .. InsC N Am(2a) Int Cig Ma 1338 Int Hyd-Elec pf_. Inter Pet(1%a) | Inter Rad (.85g) - Inter S Raz B_ Inter Util B_ Inter U war Inter Vita (33) Int Home E(.44 Ir Fire vte (1.20). 508 247 2 124 3 145 2 sy 1111 3 i3 1 14 9 Jacobs Co (%g) . Jonas & N (.15g). Jones & Lau Stl _ Kirby Pet _ 6 Lake Sh M (4a) Lehigh C&N(.30) Le Toureau (1) Leonard Oil . Lion Oil (1a) Locke S Ch¢.80a) Lockneed Airc___ Lone St G(.408) . Long Is Lt E Long I L pf B(6). Louis LEE(.40) 9 1w 291, 14, 1410 L 4! 611z 131 11 513 195 B 51 h = 2 9 3 258 Lynch Corp(3g) - McWill's D 1.25g. Mass Util Asso MemphNG (.10g). Merritt-C & S Mich Bumper___. Midwest O (3%5g). Mining Corp Can_ 1 2 4 3 2 2 1 3 4 6 2 25 9% 10 3% | R | St0il Ohio (1) | Technicolor | Tech-H G (.40a) - | sows | butchers. 1 THE EVENING STAR, WASHINGTON, . C, WEDNESDAY, A NEW YORK CURB MARKET 2:30 Stock and Sales— Dividend Rate. Add 00. Miss RIv P pf(6). 20s Molybdenum _ _ 3 Monroe L A(.32). 3 Mon LH&P(113)_ 50s Mount City Cop - Mount Prod (.60) Nat Bellas Hess Nat BA&Sh (%g). Nat City Li(14g). Nat Contain .75g Nat Fuel G (1) Nat P & Lt pf (6) Nat Service _ Nat Sug Ref (2)_ Nat Un Rad _ NavarroOil(.40a) Nelson (H) o N H Clock (113) - N T Zinc (2a) N Mex & Ariz _ NewmMin(11;g) NY&HRos(1%g) NY P&Lt pf (6) N Y Shipbldg Fd Niag Hud Pow . 18 141, Niag Hud 1pf(5). 1255 8o'a Niag Hud A war_ a NsShMdB(.158) . 127 Niles-Bem-P (1g) 543 Noma El (.40g) _ Nor Am Lt&Pow. Nor Am L&P pf _ NAmR A (1.50g) NAm Ray B 1l,g Nor Am Ut Sec . Nor Pipe L(%g)- Nor StP A = Okla Nat Gas 3 PaG&EIA (11 Pac GEE 1pf 11, Pan-Am Air(1)__ Pantepec Oil ParkbgR&R 81 Parker Pen (2) Pat PIy M (1g) _ Pennroad (J;e)_. 28 Tepperell (6a) __ 1258 PhoenixSec(ia). 1 P’hoenix Sec pf3 . 1 Pierce Gov 30g - 1 Pioneer Gld(.40). Z Pitts&LE(4% &) _ 1008 Pitts Metallu 1a 1 Rtts PGli41gg) Pleas Val W .10g. Polaris Mining Pratt&Lam (1g)_ Premier Gld .12a_ Pressed Met (2 Propper McC (r)_ Prosperity B Pruden Inv PSInds6pf . 208 PSInd$7prpf _ 208 Pug Sd P $6 pf__. 2258 ¥ & Lt Sec 308 . 1008 avm Cone (la) 50s Recd Ro Bit .80a Reiter-Fost Reynolds Inv Root Pet (1 g) ossia Int! Royal Type ( Russeks F' A (1, Rustless [ & S Ryerson & H ' is Pap High. Low. Clos¢ 111 110 111 L) 9% 44 a4l 33 33 11 1074 6l 6l 2 561 16% 1244 15Y ki £ 24 710715 106 508 29'3 293 208 100 100 1 8% 8% - 100s 10s 5 1 3 - 1 Sel Ind Sel Ind pr pf 5% - 1008 Severshy Airc __ 4 Shatuick Denn _. 5 Shaw W&P(.80) 4 Sherwin-Wms 42 508 Sherw-Wms pf 5. 10s Singer Mfg (6a)_ 208 Sonotone_ _ Soss Mfg (14) __ SCEdCpL1% _ South Pipe .20g _ Southld Roy .20g Spencer S 1.05g - Sid Cap & S 1.60a S C& D160 StOil Ky (1a) 1343, 1343 210943 1091, 302 302 1% 1% 5 1 25% 100, 280 10 29 i 19 1 SLOil Ohinpf 5 StPow & Lt - Stand Prod (% g)_ StSil-L ( Starrett Cor vic . Sterchi Br Str___ Sterl AlumP 505 Sterling Br .10g Sterl Ine (.20a) __ 4 Stinnes (H) __.& 2 Stroock & Co2___ ¥ 1 Sullivan Mac 3 Sunray Oil .15g - 14 Super't P Cem B_ 508 Taggart 1 Taylor K Dist.30 1 52 N e 7 ~ Trans-1, Tubize Chat Tung-Sol L pf.80. nited Aire war ., nit Chem aspf (7) _ L& Pow A L&PWB _ St &Pcevpl “nit Shipyds B _ “nit Shoe M 232 “nit Spec (1.40) - USFoil B (%g)- U S & Int Sec US Lines pf USStrs1pf _ Unit Ver Ext 1g Unit Wall P.158- Univ Corp vte UtahP&Lpf 13k 1008 UtilPw&Lt (). 5 Ttil P & L pt (r)_ 1008 Ulility Equit.___ 2 Valspar Corp vte Van Nor M T 1.60 Venezuela Petrol Wagner Bak .80g. Walker Min Wentw'th M.13g. West Air Exp Wil-Low Caf (1) Wilson Jones . Wolverine T .40g. Woodley Pet .40 Wright Har .40a . 6% 6 Ygstn Stl D 2.50g 72 72 rIn bankruptey or receivership. or being reorganized under the Bankrupicy Aet. or securities assumed by such companies. Rates of dividends in the foregoing table are annual disbursements based on the lai auarterly or semi-annual declaration U. less otherwise noted. special or extra div dends are not included. a Alsobextra or extras. e Paid last year. Payable in stock. g Declared or paid so far this year, no regular ratr. hCa or stock. “k Accumulated dividend paid or declared inis year. ww—wWith wa rants. xw Without warrants. war War- Tants. 4% 6ly 24 17 4n B 21 1815 10 6% 131y 1 1034 CHICAGO LIVE STOCK. CHICAGO. August 4 (® (U. S Dept Agr).—Hogs. 9.009. including 2000 di- rect: fairly active: mostly strong to 10 higher than Tuesday's average: packing and heavy butchers showing more advance; to few. loads heavy bulk good packing sows. Smooth light weights higher Cattle. 10.000: calves. 1.500: choice and prime weighty steers steady. but ail others lower. with long vearlings and light erading good and better 25-30 lower; and short-fed kinds about 25 off everyining excepi a few loads of “choice and prime offerings scaling 1.250 1b. up- %ard showing uneven but measurable de. 7.15 3 ‘eveu! loads_me- dium * weights 17.10; est light steers. nable sprinkiins zrassers and short-feds selling at 13.50 down 1o 9.50: stockers steady. fairly ac- tive: light heifer and mixed yearlings very searce. steady: all grass cows and heifers Steady to weak: bulls and vealers stead weightv sausage bulls selling up_to and vealers 1150, with few selects at Sheep. 9.000. including 7.000 direct: Soring lambs slow: buik around 25 Ilcwer: most zeod to choice native offerinzs fo larzer interests. 11.25: top. 11.50. to smail Killers: few medium yearlings slaugh- ter ewes steady, quotable. 4.00-5.75. 10.85-1 75; FOREIGN MARKETS. LONDON. August 4 (P .—Stock brices pointed upward in today's trading. Volume was smaller as the end of the current ac- count - approached. ~_Trans-Atlantics de- clined but recovered partially at the close. Industrials and oils were steady. Gilt- edged issues and German bonds firmed. Mines were irregular. Paris Bourse issues firm today atter early {ustriale were the best sainers. Inierns- tional {ssues displayed some weakn Government b nd:fi;n lmmflmi‘. r a.n:l“ ended” closed generally rregularity, In- | sults | saud. | cents a share in the June, 1936, quar- | against $930 ;| Directors | stock payable October 1 to stock of | | Co. | fore Federal surtax, | share of capital stock, compared with | with $319,615, or 32 cents a share in | cation to the Reconstruction Finance | | Corp. for a loan of $5,000,000, matur- | Lous & Nash R'R 45 1340 TIMKEN PROFITS REACH $6.7%2,182 Six Months’ Net Compares With $4,606,995 in Same 1936 Period. By the Associated Press NEW YORK, August 4—Timken Roller Bearing Co., Canton, Ohio, to- day reported net profit of $6,792,182 for the six months ended June 30, equal to $2.81 a share on the common stock. This compares with net profit of $4,606,995 for the same period last year, which was equal to $1.91 a share, | | i Lone Star Gas. Lone Star Gas Corp. of Pittsburgh, | and its subsidiaries reported net in- | come for the six months ended June | 30 of $4,278,222, equal after preferred\ dividend requirements to 72 cents a share. No comparison was given for the first six months of 1936. Tilo Roofing Co. Tilo Roofing Co., which operates in New York, New Jersey and New England, reported net profit for period from January 1 to July 17 of | $168,640, against $116,396 for the same period of 1936. Purity Bakers. Purity Bakeries Corp., operating in Eastern, Central, Western and South- western States, reported net profit for the 28 weecks ended July 17 of $230.- 463 after charges, but before Federal surtax, equal to 30 cents a share, This compared with $68.968, or 9 cents & share, for the 28 weeks ended July 11 last year. Heyden Chemical. Heyden Chemical Corp., with prin- cipal plants at Garfield and Perth| Amboy, N. J, reported net profit for | the six months ended June 30 of | $388,660 after depreciation, normal | Federal income taxes and Federal surtax, equal after preferred dividend | requirements to $2.52 a share, No comparison was available. Hudson Motor Car, Hudson Motor Car Co. and subsid- laries reported consolidated net profits for the second quarter of $1,056,240 after charges, including taxes, except | provision for surtax on undistributed profits. This compared with $1,336,- 185 1n the like quarter last year. Re- were affected by the strike in early March and April, the company Amerada Corp. Amerada Corp., crude oil producer, reported consolidated net income for the quarter ended June 30, of $552.991, after charges, equal to 70 cents a share, compared with $456.300, or 58 ter. Net income $1,070.106, for the six months or $136 a share, 6. or $1.18 a share in the first half of 1936. Coco-Cola International. Coca-Cola International Corp.. hold- | ing company for Coca-Cola Co., re- ported net income for the quarter ended June 30 of $1,043,675, after penses and reserve for normal Federal income taxes, compared with $1,07 718 in the June quarter of 1936. ! announced & quarteriy dividend of $585 on the common record September 11. Dividends of | $3.90 were paid April 1 and July 1, National Enameling. National Enameling & Stamping reported net income for SiX months ended June 30 of $143,800, be- equal to $1.25 a $80.552, or 70 cents a share in the comparable 1936 period. Company manufactures kitchen and dairy equipment, with plants in the Middle West and South. Bohn Aluminum. Net income of Bohn Aluminum & Brass Corp., Detroit, fo quarter ended June 30 was $448,793 after de- preciation and Federal income taxes, equal to $1.27 & share of capital stock, against $358.714, or $1.02 a share in| the June quarter last year. Pacific Western. Pacific Western Oil Corp, West| Coast producer, reported net income for the six months ended June 30 of $1.- 002,298 after charges, equal to $1 a share, compared with $643,121. or 64 cents & share in the first half of 1936, In the June quarter net income was $733,291, or 73 cents a share, compared the June quarter of 1936. B.& 0 ASKS APPROVAL OF $5,000,000 LOAN | By the Associated Press. The Baltimore & Ohio Railroad Co. asked the Interstate Commerce Com- | mission yesterday to approve its appli- | ing September 1, 194: Proceeds from the loan would be used to pay off the Buffalo, Rothester | & Pittsburgh Railway Co. general| mortgage loan of $4.427,000 on next | September 1. The latter road is an| affiliate of the B. & O. The remainder | of the loan, together with other funds, would be used in meeting maturity of $1.025,000 in equipment trust cer- | tificates. | The B. & O. said it already owes the R. F. C. $59,809,823. CUBA SHIPS MORE SUGAR. NEW YORK, August 4 (#).—Cuban exports of sugar from January 1 to July 31 totaled 1,828,133 long tons, raw value, against 1,724,217 in the same period last year, an increase of 6 per cent, according to Havana ad- vices to Lamborn & Co. SHORT-TERM SECURITIES. (Reported by Chas. D. Bamey & Co) Amer Tel & Tel 5125 1943 Auburn “Auto Co 43is 193! Baldwin Loco Works 5s 1940 Calif Packing Corp 55 1940 Caro. Clinch & Ohio_3s 1938 Chesa & Ohio Rwy 5s 1939 Edison ‘Elec Ilum 4s 1939 General Pub Serv 3las 1939 Grand Rap & Ind 4135 1941 Houston Oil 5izs 1940 Inter Merc Marine 6s 1941 Inter Tel & Tel 4129 1939 Laclede Gas Light 5s 1939 Lehich Valiey Coal 6s 1938 Lehizh Val Term Ry 5s 1941 {Long Isiand Gen d4s 1938 hican Cent R R 45 1940 R Ly S PV Milw & North RR 4i:5 1939 N Y. C & StL 6% Notes 1 New York Dock 5s 1938 N Y. Susq & West 55 1940_ New ' York Tel Co 4125 19:9 Pacific RR of Mo 4s 1938 _ Penn-Dixie Cement 65 1941 Penna R R Co 45 1943 Rio Grande Western 4s 1939 Term RR Assn 8t L 4128 1939 Vavadium Corp 55 1941 Vertientes Sugar Co 75 194 Wabash Rwy Co 58 1030 Warner Bros. s 1 Western N Y & Pa 4s 1043° Western Union Tel 55 1938 N Signal Oil & Gas Co.—Combined class A and B share earnings, six months ended June 30, were estimated 8t $2.05, agatnst $1.82. 9, 100% 101% S.E.C.OUTLINES | quire over-the-counter | co-operation DOLLARS PER SHARE In 1933 There Was a Deficit of $3.83 per Share RARR e el ] ][] [T Exchange Closed JEMAMJJASOND JFMAMJJ 1933 1934 Letters Above Are Initials of Months: eoficit of here Was a per Share UGUSY 4, 1y47. Fiavaoclian hioid A—L —_———— Price Changes in Republic Steel Stock Prices of Republic Steel Stock, 1933-1937 Earnings Amounted to $1.74 per Share in 1936, Stock Sold Between 9.70 and 17.17 Times Earnings L Earnings Amounted to 49c per Share in 1935. Stock Sold Between 1837 and 42.35 Earnings LEHE R IRV $343 A st DOLLARS PERSHARE RN AL il In 1929 Earnings Amounted to $8.37 per Shar Stock Sold Between 7.44 and 17.47 Times Earnings |||||||| ||| ASONDJFMAMJJASOND JFMAMJ 1935 J for January, F for Februa JASON 1936 , Ete. e DJFMAMJJASOND 1937 &l COUNTER RULES Brokers Will Be Required to Disclose Special Inter- ests in Deals. By the Associated Press. The Securities Commission Wwill re- dealers and brokers, after October 1, to disclose their special interests in transactions | before completing sales of securities to investors. The regulation was em- bodied in @ new code of ethics the commission announced for that kind of | investment houses. The purpose. officials said today, is to forewarn investors of the motives | of dealers or brokers who advise cer- tain investments A broker or dealer. for instance, will | be required to tell whether he is selling a security for his own profit or merely as the agent of another person, | whether he is associated with or paid by the underwriter of the security, and what commissions or fees he is getting for promoting the sale. The commission also adopted rules prohibiting brokers or dealers from making excessive commitments for ac- counts of clients who have authorized the brokers or dealers to use their own discretion in investing money. Another rule will bar brokers or | dealers from describing as “market” prices any quotations on over-the- counter securities not determined by independent purchase and sale offers made by persons not associated with brokers, or dealers. The order also will prohibit pay- ments of commissions or fees for promoting purchases of new securities. This does not apply, however, to pay- ment of salaries to regular salesmen whose activities are not limited to specific securities, Violators of the rules may be pun- ished by being barred from use of the mails or other instrumentalities of interstate commerce through rev- ocation of their S. E. C. licenses. The new rules were formulated in with the investment bankers' conference, a Nation-wide organization of over-the-counter brokers and dealers, and copies of the | proposed rules were submitted to the industry before adoption. Washmgton Exchangef ’ SALI Washington Gas Light new—10 at 26, 10 at 26. 1 Washington Railway & Electric pfd.— 15 at 110, 15 at 110, 20 at 110, AFTER CALL. Peoples Drug Stores com.—13 at 48'; Capital Traction 5s—$1.000 at 86 Washington Gas Light new—10 at 26, 10 at 26, 10 at 26, Bid and Asked Prices. BONDS. PUBLIC UTILITY. American Tel. & Tel Anacostia & Potomac Ana & Pot. Gua C. & P. Tel. of Va Cap. Traction R. City & Suburban 5s 11 Georgetown Gas 1st 38 Pot. Elac. Pow. 3145 \\a\h Gas as Gas Wash, RRy. & Eieo. 4s SMISCELLANEOUS Chevy Chase Club 1st 4las Col. Country 1st 414 W. M. Cold Storage 5s STOCKS. PUBLIC UTILITY. Amer. Tel* & Tel_(8)_ Capital Transit Co. N. & W. Steamboat (6) Pot. EL. Pow. 6% pfd. (5) Pot. EI. P 513 pf. (5.5 Wash. Gas Lt_new (1.2 Wash. Ry. & El. com. (36) Wash. Ry, & El. pfd. (5) BANK AND TRUST Amer. Sec. & Tr. Co. (eX)_ Bank of Bethesda (h.75) Capital i4) Com. & Savings (e10) Liberty (4) Lincoln ({6.95) __ Natl. Sav. & Tr. Pr. Georges Bk. & Tr. Rigss (eR) gs pid shington (8y & Wash. Loan & Tr. (eR) FIRE INSURANC American (6) Corcoran (5) Firemen's (1.20 =2 National Union (.60) TITLE INSURANCE. Columbta (.30 Real Estate (6) s MISCELLANEOUS. Carpel Corp. (2.00) Lanston’ Monotype (+4)" Lincoln Serv. com. (11.00) Lincoin Serv. pfd. (3.50)_" Mergenthaler Lino. (2.00) Peoples Dr. St. com. (71.00) Eeonies Dr & pf. Real Est. Pl B Boraes 15 it Ter. Ref. & Wh. Corp. (3) - Wdwd. & Loth. com. (11.50 68 Wdwd. & Loth. ptd. (7) 123'3 +Plus extras. e 27 extra. {117 extra h75c extra: **30c paid June o4, 1937. NEW YORK SUGAR. NEW YORK. August 4 (P.—Sugar futures were firmer today and a little more active contract on increased cover- ing and commission house buying. pro- moted by the higher spot market and Washington reports the House Rules Com- mittee had paved the way for possible consideration of the sugar bill September No. .lscld un from 2.54 t0 2.57 and March from E or 3 points net higher. while Sepumber No. 4 sold up to 12112 and March to 131, or 1 to points ‘net higher. with the marke at lhe beginning of the last hour at or within a fraction of the best. 0DD-LOT DEALINGS. By the Associated Press. The Securities Commission reported to- day these transactions by customers with odd-lot deale: Bid 4las _ 104 103 - 100 1091 111 COMPANY. 308 (5) | Dive | Group S Additional Stock Offering at $37 the Associated Press. NEW YORK, August 4—R. H. Macy & Co,, Inc., a leading New York department store with retail outlets Toledo, Atlanta and Newark, will| offer to stockholders additional com- mon stock at $37 a share at the rate of 1-10 of a share for each common share held, Percy Straus, president, | announced today. | Proceeds from the sale will be used to increase working capital in antici- | pation of business expansion. A regis- tration statement covering 150,383 shares of no par common stock was filed with the 8. E. C. in the latter part of July. Straus, 1n a letter to stockholders, sald 1t 1s expected holders of common stock of record August 14 will be given the right to subscribe to the additional common shares. By Spring | ulative today. The | mestic and | of over { an ture, INVESTING COMPANIES | August Association Noon quotations.) Bid 1N 4 P —New York | | change | quotation | crack-up widened to 625 of a cent with the export quotation 14.625 cents the spread | | ket often has proven a but the pates no immediat domestic mark-up. | Leading producers today jumped the price of to 6.25 | cents a pound, AGTIVITY REVIVES INMETAL MARKET {Renewed Speculative Well as Consumer Inter- est Improves Prices. | By the as: NEW YORK, August 4 —Non-fer- rous metal markets. dormant since the in commodity prices last| as sociated Press showed signs of renewed spec- as well as consumer, interest gap between export and do- prices of local 14 cents. A a half cent in an active mar- advance in the domestic fu- trade cwrrently antici- lead !y of a cent New York, sinee April 7 last, was dropped the when 1 cent first to a pound | (‘uhpmd with increasing u stantially lowered visible stocks, firm- | Ing that market for potentially | quotations Speculative interest in the non-fer- rous metals was around tv Bullock Fund Corporace Corporate Corp Tr AA Depos Bk Sh N ¥ A Depox Ins Shrs A Depos Ins Shrs B copper, been sified Tr C Livi end_Shr Eziy Corp $3 pf Figeiity Fund Inc First Boston Corp Piscal Fund Bank Shrs Fixed Trust Sh A Pisca' Pund Insurance 3 T Fixed Trust Sh B 10005 Pound Tr Sh A s Fund Investors Inc Fund Tr Shrs A Funa Tr Shrs B General Capital Corp Gen Investors roup Sec Agri Group Sec Automobile Group § Group coupled the “world easing. Group roup Group Group Group Group 3roup Sec Invest Shrs Sec Merchand: Sec Mining Sec Petroleum Sec R R EQuip _ Sec Steel z Sec Tobacco Huron Holding Incorp Investors Inst] Sec. Bank Gro Instl Sec. Insuranc Investors Fd C_Inc Keysione Cist Fund B-3 Major Shr. Corp Maryland Fu Mass Invest Tr NEW ocks NEW ock< 3 North Am Nor Am Nor An Nor A Quarterly Tncome Sh Schoellkop{-Hutton & Pom Sh Inc Selected Tncome Sh._ Sovercign Investors Spencer Trask Fund and Am Tr Shrs Stand Util Tne Super of Am Tr A Super of Am Tr AA Super of Am Tr B Super of Am Tr BB Super of Am Tr C Super of Am Tr D Supervised Shrs Trustee Stand Inv C Trustee Stand Inv D Trusteed'Am Bk B steed Tndusiry Shrs nzton Fund nx ) 20,53 INSURANCE STOCKS NEW YORK. August 4 Security Dealers’ Asociation: el P —New York | Bid. Ackad Actna Cas (2a s Aetna Ins (1.6m Aetna Life (S0a) Am’ Eauit (i f0a) Am Ins Newark (1aa)” Am Reins (808) _ Am Reserve (ia) Am: Surety 121) Auiomobile (1a) Balt_Amer (.20a) Carolina (1.50) City of N ¥ 11.200 Conn Gen Lif (80) Contin Cas 11.70) Eid & Dep (43) Piremen's Newark (.30) Frank Fire (1 Gen Reinsur (2) Slen Falls (1.60) Globe & Rep (.80) Globe & Rut Great ‘Amer (1a ) Hanover (1.60) Hartford Fire Home Fire Sec Home Ins (12) Homestead (1) Knickerbocker (.80) Lincoln Fire Maryland Cas Mass Band (112) Natl Pire () Z Natl Liberty” (20a) New Hampspire (1.60a) " N'Y Fire (R0a) Nor River (1) Phoenix (2a) Prov Wash (1) : Revere (P) In (1.30) Rossia Ins (.60a) St Paul Pire (6 Springfield_ (412a) Sun Life (713%) Travelers (18) = U '8 Fire (1) = Westchester (1.208) 3Also extra or extr £ sDeclared or paid so far this vear. (27 FOREIGN EXCHANGES. NEW YORK. August 4 (P.—Poreign ex- change steady. Great Britain in dollars, others in_cents: Great d. 98le: cables. 4.98%: 60 Bwitzerland, Portugal. 4.33: Greece Hongkong. - 7.85: Montreal in New York, 99.98/s; York in Montreal, 100.01%. n—Nominal. New POV PEEHOLRELERODELEIBERBED MONTREAL SILVER. MONTREAL. Auqust 4 (P —8ilver fu- tures opened steady and unchanged. Sep- tember, 44.75b: Decergber. 44.70b; March. 44.60b. b—Bid Life Savers Corp.—Common share earnings, six months ended June 320 were $1.54, againat $1.22. { mainly transactions. s again, Metal dealers say the buyin | per abroad for armament purpases has been overestimated and that even buying wed small c production later on. dealers hol generally liquidated two months ago, and since then lead and zinc dealings consumer an according to tt renewed activity with the dealer tra may be taking a ha close observers said abroad attributed economic recovery™ METAL ‘VIARKET YORK. MONEY MARKET. YORK. - s, unchangee New York Reserve Ba FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Street N.W National 0435 Loan Correspendent Mutual Benefit Life Insurance Ce. electrolytic copper a pound, | forerunner the 6 higher have that speculative d in the | tinued high rate of s | making | |such as Greece and T | motive | copper, | boost in the price of | 1ead and the scarcity of zinc. provides | good ground for belief | Bond Associates, Inc | resentative issues of cop- | to has been Unless copper begins leaving this country in a volume threaten.ng to deplete adequate supplies for do- mestic needs the 14-cent local price will continue to hold, according to the copper mines. I fi PACE MAINTAINED AT STEEL PLANTS |Backlogs ‘to Support High Rate Through August, Iron Age Says. 7 the Associated Press NEW YORK. Aug 4—A eone eel production is indicated through August despite declining bhacklogs of orders, Iron Age said today. “The automobile industry.” the ree view stated, “slower than expected in volume purchases fi 1938 models, will come into the market in a bigger way within the next two or three weeks, perhaps ushering in the Fall buying movement for indust ;4 generally. With automobile buying at a minimum, total volume of new steel business is running considerably behind shipm “An unexpected development at this time is the appearance of new ine quiries for railroad equipment, both domestic and forej pert forerunner of a secondary movement by the railroads w thought that the pending wage controversy and the failure of the Interstate Commerce Co sion to announce a decision on freight rate advances might postpone addi« tional equipment purch 1 late in the year, but the roads are faced with an Autumn traffic volume that may their facilities “While new purchases not relieve a possible car sh this Fall, the equipment wo received in time to replace cars might get into bad order from ex= cessive usage. A number of car shops are in position to take on new work almost immediatel “Foreign inqu ing renewed sig: tax now would that for steel is show- of lie. Countries key, which from Germany. are looke country. British millg 100,000 to semie hed steel on the cor ent, but 1 have not enough to supply their needs, with their finished steel outp sold to zhe end o business'in semi-fi eel has been negotiated Britain at our domestic “Scrap dealers are for mat above t On N M a variatior at Pi ha unchanged price aised the usually buy ing to this have bought coun! are mills bidding have paid scrap bids showed as $2.50 of 50 cents and an bid as Advances d Chicago at Phila= )¢ Age $20.42, hin k and $3.34 FOREIGN DOLLAR BONDS IMPROVE DURING JULY 8pecial Dispatch to The S NEW YORK. August 4 -—Foreign dollar bonds advanced 124 per cent during July, according to the Foreign index of 50 rep- which stood at 59.82 compared with 59.09 on on July 31 June 30. The 20 European issues in the index rose 167 per cent and the 16 South | American issues 2.06 per cent. The 5 Australasian issues fell 1.71 per cent. 525 TONS OF LEAD SOLD. NEW YOR 4 (P 8t Joseph Lead Co. 525 tons of pig lead f heast Missourt mines sold y $5.85 per 100 Augu. repor m Sou | pounds st. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM'S FURNITURE HOUSE 1116 Eve 8t. N.W. Phone NA. 2184 Money for Construction Lolu and Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. E QUITABLE CO-OPERATIVE B UILDING A SSOCIATIO] 915 F STREET N.W. Organized 1879 REAL ESTATE LOANS NO COMMISSION OR RENEWAL FEES Monthly Payments as Low as $7.50 Per §1, 00‘1/ Consult us if you wish to obtain money to help you Build, Refinance or Modernize Your Home. ENTERPRISE BUILDING ASSOCIATION 7th St. and Indiana Avenue N.W. MEMBER OF D O. BUILDING AND LOAN LEAGUE MEMBER OF U. 8 BUILDING AND LOAN LEAGUE