Evening Star Newspaper, August 5, 1937, Page 18

A—18 *x¥ POSTAL RECEIPTS CONTINUE TO RISE July Volume Here Reaches $536,818, Compared With $525,260 Year Ago. BY EDWARD C. STONE. Postal receipts at the Washington City Post Office in July scored a gain over July a year ago when soldier bonus spending proved such a great factor in boosting trade here and all over the United States. July receipts in the Capital were reported today at $536,818.21, com- pared with $525,260 in July of last year. This was a gain of $11,558.21 from the sale of all kinds of stamps, handling of parcel post, registered mail, money orders and from other sources. The fact that normal conditions prevailing in July this year were suffi- cient to offset the abnormal bonus ex- penditures in the same period a year ago, pctures very clearly on what a souna basis business in Washington now 1s resting. The July report re- veals a reversal of the June figures, which were not quite up to the same month in 1936. Today's favorable statement covers the first month of the Government's new fiscal year. It follows the recent report that postal revenues at the City Post Office in the fiscal year 1936-37 amounted to $7,388,672, in comparison with total receipts in the previous fiscal year of $7,101,580, a gain during the 12 months of $287,- 092, and the highest yearly total reached since before the Wall Street crash in 1929. Individual monthly totals in the first seven months of the present year compare as follows with the like periods in 1936, four of the seven scoring gains: 1937, $577,503 581,899 685,946 615,897 588,407 June . 564,646 583,522 July 536,818 525,260 Potomac Power Net $4,789,773. The Potomac Electric Power Co. reports for the 12 months ended June 30, 1937, subject to audit, net profits of $4,798,773, after interest, amortiza- tion, depreciation, Federal income taxes and surtax on undistributed Rrofits. Provision for surtax on the undis- tributed profits for 12 months ended June 30, 1937, represents provision of $34,111 made in December, 1936, for the calendar year 1936, the report says. No provision has been made for surtax on undistributed profits for the tix months ended June 30, 1937. ‘The earnings statement for the last 12 months has just been made avail- able to Potomac Power security hold- ers, in accordance with requirements of the Securities and Exchange Com- mission. It covers the period after the effective date of the company’s registration statement for the $15,- 000,000 first mortgage 3'i per cent bonds which was filed a year ago, the bonds being sold shortly afterward. Marsh Made Unit Manager. David S. Bethune, agency manager for the Equitable Life Assurance So- ciety in Washington, has announced the appointment of John De Witt Marsh as unit manager, effective Au- gust 1. Mr. Marsh was previously associated with the firm as a unit manager in 1931 and 1932, and at that time was one of the society’s youngest man- agers. Since his return to the com- pany in November, 1936, he has made an outstanding record in the agency, having already qualified for member- ship in the society’s Century Club. He stands third in the agency in paid for life business. Mr. Marsh was born in Georgia June 18, 1907, and attended George Washington University in 1925. Acacia Club Meets in South. Announcement was made today by the Acacia Mutual Life Insurance Co. of a series of regional meetings of the William Montgomery Quality Club, membership in which is the mark of outstanding production and conserva- tion. During the past six months there has been an increase of 50 per cent in new membership. The District of Columbia Branch holds the largest membership in the club and its representatives at the Southern regional convention, to be held August 12 and 13 at Sea Island, Ga., will constitute the largest single group at any of the three gatherings. Washington agents who have earned the right to attend the meeting are: D. M. Aaronson, J. B. Allison, J. A. Barbeau, G. M. Beaton, Nathan Burns, W. B. Crossan, D. M. Crouch, W. C. Daniel, J. I. Ford, C. C. Gove, sr. C. C. Gove, jr.; E. P. Hands, H. R. Hardisty, H. G. Harns, O. D. Heise, L. E. Hendrick, H. J. Kamerow, T. P. Kilroy, W. J. McCausland, R. C. Mer- ritt, L. G. Morris, F. B. Rogers, P. L. Rogers, G. 8. Schroeder, R. W. Tatum, H. D. Weant, F. B. Williams and R. W. Winfree. Heard in Financial District. Lanier P. McLachlen, president of the McLachlen Banking Corp., and at one time president of the District Bankers' Association, was back at his desk today after a month's vacation passed at a Delaware resort. But that's not all. He went deep sea fish- ing and caught a fish which weighed 62)> pounds. Has a pocket full of snapshots to prove it, in case one doubts the size and weight of the catch. Harmer Reeside, manager of the Washington office of Westheimer & Co., New York Stock Exchange firm, leaves here Saturday for a three-week trip to Mexico City. He will be ac- companied by Hiram Westheimer, son of one of the firm’s partners. 1936. $612,593 578,005 601,077 634,837 572,633 January February March .. April - May Joshua Evans, jr., vice president of | the Hamilton National Bank, has re- turned from his vacation. He spent most of the time at & resort in Penn- sylvania. Today’s Trading on Exchange. ‘Ten shares of Woodward & Lothrop common stock sold at 65 on the Wash- ington Stock Exchange today, off 3 points from the last previous trans- action. Washington Gas Light new common stock again changed hands at 26, closing with 25% bid and 27 asked. Capital Traction 5s appeared on the board again today on & $1,000 trans- fer at 857, off an eighth from yes- terday. Priday, August 20, is the date set for the third annual Washington Chapter A. I B. moonlight cruise. Arrangements for the event are being made by George M. Rowzee, jr., of the Lifcoln National Bank. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Pr!vl(r Wln Dflm to The Star. Prev. 1937 High. A mvmend luu. 63% Acme Steel (4) 15 Adams Exp (.3 22% Adams-Millis (2 28 Addressog (1.40) 641 Air Reduction (1 3018 Alleg Steel (1.20g) 25814215 Allied Chem (6) 334 20 Allied Mills (2g) 21% 15 Allied Stores (.20a) 821 57 Allls-Chalmers(1g) 23 Alpha Portland (1) 4% Amal Leath____ 34% Amal Leath pf (3 59 Am Bank N pf (3)__ 5T% Am Brake Sh(1%g) 90% Am Can (4a) _ 152 Am Can pf (7)_ 46 Am Car & Fy (%g)- 77 AmCar & F pf (4g). 28 Am Chain & C(%g). Am Comel Alco __. Am Crystal S 2% g_. 5% Am Encaustic Til__ 6! Am & Forelgn Pow_ 45 Am& For Pw §7 pf . 18% Am & For Pw 2d pf. 5% Am Hide & Leath 2l Am Ice o o S ProoneaneRaanansmonE Sl oaneanmanas 12% Am International._. 37 Am Locomotive_ 101% Am Loco pf _ 7% Am M & Met (. 43% Am Metal (%g) __. 6012 Am News N Y (3) 7 AmPow& Lt ____ 40% Am P & L $5 pf (5)- 49 Am P & L $6 pf (6)_ 18% Am Rad & St S(.60) 39 315% Am Roll Mill(1.10g) 36 26% Am Safety Raz (2)- 1 41 Am Shipbldg (2a)__ 20s 79% Am Smit& R(2%8)x 25 524 Am Snuff (3a) ____ 48% Am Stl Fdrs (1g) - 157 Am Stores (1%g)_. 124! Am Sugar pf (7) 211y Am Sumatra (1a 159% Am Tel & Tel (9) 73% Am Tobacco (5) 741s Am Tobacco B (5) 4128« Am Tob bt (6) 11% Am Type Fdrs 15% Am Wat WKks (.60g) 7% Am Woolen._______ 541 Am Woolen pf(3K) 6% AmZinc L&S_____ 44'; Am Z&Ld pr pf 148 « Anaconda (%g)- Anchor Cap (.30g) Andes Copper._ Armour Del pf (7 Armour 111 (.558) - i Arm 111 pr pt (6) « Armst's CK (1.50g) 15% Asso Dry Goods oc In pt ww Asso Inv pf xw ( Atch T & S F (28) Atchison pf (5) Atlantic Coast Line Atlantic Refin (1)_. 5 Atlas Corp (.80) _. 4 Atlas Pow (1328)_ Atlas Tack (.508) - Auburn Auto Austin Nichols Aust Nich pf A(5k). Aviation Corp ____. Paldwin Loco (r) -_. Baldwin Lo pf (r) _ Baldwin Loc asd(r) Baldwin pf asd(r) - Balto & Ohio _ Balto & Ohio pf - Barber Co (% 8) Barker Bros 587n 125 13% ® R 2 oS Bellin-Hem (1) Bendix Aviat (138)- 2 Best& Co (2%;a) .. Bethlehm Stl 2. Beth St15% pf (1) . Beth St1 7% pf (7). Bigelow-San (3g) . . Black & Deck (%g). Blaw-Knox (.458)-. 49% 274 Boeing Airpl _ 48% 37 RBohn Alum (3) 93 841; Bon Ami A (3g)- 4612 41% Bon Ami B (17%8) 28 21! Borden (1.60)_ _ 47 3873 Borg-Warner (2)_. 15% Boston & Maine Fridgeport Br .4 Briggs Mfg (1%g)- - 129‘1 108 69% 513 38 24 297, 22 B Bklyn-Man pf (6)_. Brunswick-Bal. Bucyrus-Erie.. Budd Mfg_ Budd Mfg pf_ Budd Wheel (.20g) - Bullard Co (1) __ Bulova Watch (4a) Burlington Mills(1) 2 Burr Ad Mch(.658)- Bush Term (r) ___. 127% Butler Bros (.60) _. 281 Butler Bros pf(114) 4% Butte Copper & Z 17% ByersCo __ 251 Byron Jack ((1g)__ 2% Callahan Z-Ld _ 12 Calumet&H (%g)- 24 Campbell Wy (1) 23'5 Canada Dry G Ale._. 54 (Canada South (3)._. 11% Canadian Pacific 96 Caro C &o st (5) 30 Carpenter St 1.35g 6% Carriers & Gen .10, 191% 138 Case (JI)..__ 129’9. 112 Case (JI) p? (7)._- 100 85 Caterpillar Trac(2) 26% Celanese (1%g)-. 73% Celotex pf (5) - 613 Central Fdy_ 96 CentI11 Lt pf (43%). 11 Central Violeta Sug 60 Cerro de Pasco (4)-. 11% Certain-teed . 4815 Certain-teed 6% DL 67 Ches Corp (3) - 50% Ches & Ohio (2. !0!) 6'3 Chi & East Il pf(r). 2 ChiGt West (1) ___. 8% Chi Gt West pt (r)_ 7 Chilnd & L pf (r) . 24Y% Chi Mail Or (1%a) _. 3% Chi M St P&P pf(r) 3 Chi&NW(r).__ 9% Chi & N W pf (r) 21 Chi Pneu Tool __ 14 Chi Yell Cab(1%g)- 9% Childs Co 94 Chrysler (7g) 17% City Ice & F (2) _ 80 City I&F pf (6%)- 6% City Stores _______ 32% Clark Equip (1.60) - 35 Clev Graph Br (1g). 170% 122% Coca-Cola (3)_ 253 177 Colgate-Palm ( - 62% 471 Collins & Alk (2a) _. 51% 31 Colo Fuel & Ir (1g). 27% 15 Colo & South 82 29% Col Broadcasting A. 29% Col Broadcasting B. 10 Colum G&E (.20g)-. 80 Col G&E pf A (6) 28% Col Pict vte (1a) 125% 111 Col Carbon (4a)_. 69% 56% Comcl Credit (4) 114 100 Comcl Cred pf 43 _ 80% 63% Comcl Invest Tr(4). 120 1037% Comecl Inv T pf 4% - 13 Comel Solv (.60) 2 Comwlth & Sou 46 Com & Sou pf (3)... 1135 Conde Nast__ 34 Congoleum-Na (2)- 19% Consol Aircraft._. 9% Consol Cigar__ 831 Con Cigp pf ww 634 20s 31% Consol Edi (1.50g).x 36 99% Consol Edis pf (5) 2% Consol Film . 8% Cons Laundr} 14% Consol 01l (.8 % Consol Textil 8% Consol Coal - 20% Container (1.20) ... 18% Contl Baking A . 2% Contl Baking B..... 81 Contl Baking pf(8). 50 ContlCan (3) _____ 18% Contl Diam Fib(1g) 35% Contl Ins (1.60a) .. 2 Contl Motor _ 39% Contl OH(DOI)I‘A[ 54% Corn Prod (3)... 6 Coty... 40 CraneCo . 121 113% Crane Co pf (7) 28% 18% Crossley Radio 100% 68 Crown Cork (2).. 25% 16% Crown Zeller__ 108% 94% Crown Zeller pt (5). 81% b1 Crucible Stee! 17% 8% Cuba RRpf. 14% 7% Cuban-Am Sugar._.. 127 109% Cub-Am S pf (10k). 43 37% Cudahy Pack (23). 20% 8% Curtis Pub____._... ) 41% 8214 125 107% 24% 863 23% aii 82 901 687 13% 4 - ° BBl rutrutaamn T nSanunrnoaSonnRa 'Y @ S 31% 20% 108 o o = @ TSy - ..§...,..,...._=..°.wm.m. 4 Roomwmabrnnonane B3% 18% 24% 33% 3 2% 9% 808 111 1 38% 38% 38K + % THE EVENING STAR, WASHINGTON, les— Net Adfl 00. High. Low. Close. chge. P R I | | ) & 36% 36% — 103% 103% + 3 3 - M 15% % 10% 30% 24% 3 92 57% 19 2% 10% 8 111 9 111 9% + 16% — % 10% + 30% + 2% — 10% 10% 10% 10% Prev, 1 937 High, 1094% 8% 23% 24 109 143% 31% 29 68% 24% ldGVt 159% 39% 8% 173 1804 115% 17 181% 163 374 16 29 45% 16 T% FFFFEFSS FFEF T 128 541 135 18% 324 1 S’h lll\‘i 1114 155 136 29 23% 19% 69% 20% 483, 15% 29% 24% FEEF 24 2T% 51% 3% 18% 24% 43% 58% 9 15% 23% FE FPE £EF 114 1757151 834% 61 26% 85% 5 20 Stock and Low. _ Dividend Rate, 71 Curtis Pub pf (7).-.. 6 Curtiss-Wright_ 16% Curtiss-Wright A__ 19 Davega Stpf (1%)_ 99% Dayton P&L pf 4% - 104% Deere & Co (18)___. 25% Deere & Co pf(1.40). 17% Deisel-Wem-G (1) . 33 Del & Hud_ 13% Del Lack & W. 110% Detroit Ed (5g) - 19 Det & Mackinac p! 26 Diamond Mat (1a) 14% Diam T Mot ( 20% Dist Corp-Seag. 35 Doehler Die C (ll). 38%4 Dome Mines (2a)-.. 8% Dominion Strs_____ 47% Douglas Aircraft___ 115% Dow Chem (2.60g)-. 2414 Dresser B (le) 3% Dunhill Intl . _ 14% Duplan Silk (1) 1481 Du Pont de N(2% 110% Duquesne 1st pf(5). 9% Eastern Roll 151 Eastman Kodak (8) 150 Xastman Ko pf (6)- 29% Eaton Mfg (1%g)_— 10% Eitingon Sch___ ___. 21% El Paso N G8(1.60)_ 34% Elec Auto Lt 1.40g. 9% Elec Boat 4% Elec & Mus (. 144 Elec Pow & Lt.. 62 ElecP&Lpf _ 1 Klk Horn Coal_ 3 Elk Horn Coal pf__ 59 Eng P S $5 pf (5k)_. 60 EngPS1wwbigk_ 4% Equit Oft Bldg.. 13!3 Erie R R 19% Erie 1st pf_ 18 Evans Prod (1) 3 Fairbanks Co__ 49% Fairbanks Mrse(1a) 45% Fajardo Sug (2g) 6% Fed Motor (.10g) 5% Federal Screw__ 3 Federal Wat Sve A. 311 Federat D St (1%&) 36 Fid Phoenix(1.60a). 31 Firestone (13%g) __ 3914 First Nat Strs(2%). 26% Flintkote (1) 4% Follansbes B; 47% Food Machine (1 108 Food Mach pf (43%) 3714 Foster Wheeler____ 100 Foster-Wheeler pf_. 7% Francisco Sugar___ 24% Freeport Sul (1g)_. 414 Gabriel A___ 11% Gair (Robert)_. 22 Gamewell__ 11 Gar Wood Ind (%g) 10% Gen Am Inv. 6212 Gen Am Trns(1%g) 10% Gen Baking (.60) 7% Gen Bronze. Gen Cable_ 394 Gen Cable A 11215 Gen Cable pt 49% Gen Elec (.80g)_. 36 Gen Foods (2 1% Gen G & El A 17 Gen Mills pt (6) 4 Gen Motors (21,g) - Gen Mot pf (5) 874 Gen Out Adv___ Gen Print Ink(. 3ng) u Pub Sve n Ry Signal (1)- Gen Real & Util Gen Refract (2h)_ Gen Stl Cast pf Gen Thea Eq (%g)- Gen Time In (1a)_ Gillette (15g) _. Gimbel Bros 80 ~ Gimbel Bros pf (6)_ 40% Glidden Co (2a) ___ 5115 Glidden cv pf (2. 4 Gobel Adolf____ __ 5% Goebel Brew (.20a). 31 Goodrich (%8) 77% Goodrich pf (5) 27% Goodyear T&R (1g) 100 Goodyr T&R pf (5). 7% Gotham Silk H 3 Graham-Paige 615 Granby Consol _ 17 Grand Union pf 2 3414 Grant (WT) (1.40a) 40% Great Nor Ry pf __ 174 Grt Nor Ore ct(% &) 271 Green (HL) (1.60a) 12% Greyhound (.80) __ 41% Gulf Mob & Nor pf_. 1315 Hall Print = 251 Hamilton W (1.25g) Hanna $5 pf (5) - Harb-Walk (1.508)- Hayes Body_______. Hecker Prod (.60a). Hercules Mot (1)__. 3 Holland F pf (5) Holly Sug (2%€) - Homestake (.75g) - Houd-Her A (213)_ Houd-Her B (115) __ Household Fin (4) 4 Houston Ol ___ Howe Sound (3 Hudson & Man . Hudson & Man pf__. Hudson Motor._. Hupp Motor. Illinols Central 1llinois Cent pf A_. Indust Rayon (2).. Inland Steel (4a)__. 17% Inspiration Copper.. 4% Insuranshar (.10g). 5% Inter Rap Tran (r).- 41 Interchem Corp(2). 107% Interch Corp pf(6)_ 4% Intercontl Rubber_. 16% Interlake Iron.. 5 Intl Agricul_ 146% Intl Bus Mach (6a). 9944 Intl Harvestr (233). 87 Intl Hydro-Elec A. 6% Int Mer Marine 10 Intl Mining (.30g 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_. 313 Intl Silver______ 88 Intl Silver pf (6k).. 9% Intl Tel & Tel 2014 Interst Dep S 2% g _. 25% Island Crk Coal (2). 69'5 Jewel Tea (4) .. 120 Johns-Manville (3)- 117% Jones & L pf (33%4k) 15 Kansas City Sou 12% Kelsey-Hayes A _. Kennecott (28) 14% Keystone S&W (. 37% Kimberly-Clark (1). 8Y% Kresge Dep Stores._. 20% Kresge (S S) .90g . 18 Kroger Groc (1.60). 18% Lambert (2)__. 17 LeeRub&T (1g)__ 82 Lehigh PortC (1%) 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf. 134 Lehigh Valley RR_ 36 Lehman Corp (1a).. 40 Lerner Stores (2a) - 58% Lib-Ow-Glass (3g). 9% Libby McN & Lib__. 25% Life Savers (1.60a). 94Y% Liggett & M B (4a). “Lisg & Myers pf (7 59 Lima Loco (1g)-. 51% Link Belt (2) 25% Liquid Carb n 641 Loew’s (2a) ____. 110 105 Loew'spf (634).. 3% 5% 10% 43% l 10 41% 54% E FEE FRERE EEF ¥ % + % +1 A 1 Loft. 50% Lone Star Cem (3)_. 5% Long-Bell A __. 28% Loose-Wil Bis (2)_. 106 Loose-WB 5% pf(5) 20 Lorillard (P) (1.20) 29% Ludlum Steel (1)-_. 21 McCall (2)____. 40% McGraw Elec ( 16% McGraw-H(.42%g). 32% Mclntyre Porc (2).. 12% McKesson & Rob__. 42% McKess & R pf (3)_ 12% McLellan Stra(%g) 40% Mack Trucks (1) 44 Macy (R H) (22) 10% Mad Sq Gar (1.15g). 14 Manati Sug pf (r) - 6% Man Ry mod gtd(r) 382% Math Alkali (l*).- 51% May Dept Strs (3a). 234 Maytagpfww (3)_. 87 Maytag 1st pf (6. 26 Mead Corp (18 93% Mead Corp pf (! Net Add DlO. ggm Low, Close. chse | High. Low. %15 4+ % 5% 6 19% .19% - % 2 194 19% 19% — % 40s 103 103 103 3 137% 136 136 —1% 1 27 27 271 - % 2 20% 20% 20% + % 3 37% 36% 36% —1 9 16% 15% 15% — 1 115'/. 115% 115% + 104 19 19 27% 27 15% #Erer wys ¥2 | ++ ~ 8 F$ 18% 13% 181 181 159 158 85% 12% 23% 38 114 514 i*' L EEE FEL PSR SOPS - OP 9= [ A B A o FiIFrayEs 5 o n o e » "7 s Fresssfe vos ® 5 B A S e e e e e FEFLESTF N 119% +114 28% + % 5 W Brorxn wdmnwalecon FEssr FPEFEFEFFL 159% 68 59% 26% 85 105% lom 105% — 20 + MK sm B4y — Th Th T+ 281 281 28% me;s IMV. 106% 21% asx lflk 36% — 23+ 1% + % 18 -1 3% 18% — % %+ % 14% “o-1y% 48% —1% 14k +1% 193 —1% 10% - TN D AN~ nEN R FEFFEFEFE & 8 % % [ {HRONe LT RN 36 MO ms 108 103 -2 28% 284 28% — ¥ lOl 9% Wh MU + X D. C., THURSDAY, Prev. 1937 Stock and Dividend Rate 67 Melville Shoe (5)_ 58 Mesta Mach (2%§). 14% Miami Copper __. _. 25% Mid-Cont Pet (1%g). 96 Minn-Hon Reg (3)- 11 Minn-Mol Imp.__ 8814 Minn-Mol Imp pf 2% Minn StP&SSm LL_ 23% Mission Corp (1g)_. n-Texas Mo-Kan-Tex pf. Mo Pacific (r) .. Mo Pacific pf (r) __ Mohawk Crp(1.20a) Monsanto Ch 1%g Montgom Ward(2a) Morrell & Co. % Mother Lode _ 27% Motor Prod (1%4g)_ 17% Motor Wheel (1.60). 37% Mueller Brass (1a). 13 Mullins Mfg B new. 10% Murray Corp__ 16'4 Nash-Kelv (1) 22% Natl Biscuit (1.60) _ 29% Natl Cash Reg(%g) 18%4 Natl Dalry P (1.20) 112 107 Natl Dairy PpfB(7) 24% 15 Natl Dept Strs 35 24 Natl Distill (2) 18% 12 Natl Gypsum _____ 44 30% Natl Lead (%) _. 171 154% Natl Lead pf A (7). 6173 Nat Mal&Stl C(1g)_ 14% Natl Pw & Lt (.60)_ 961 Natl Steel (1%g) 39 Natl Supply - 41% Newport Ind (1%g) 55% NYCentral __ _. 72 N Y Chi & St Lou N Y C Omnibus 2% N Y Dock pt = 121 N Y & Harlem (5)_. 3 NYNH&H (r) 124 NYNH&Hpf (r). 214 N Y Ont & West (r) 815 N Y Shipblde _ _ 6313 N Y Steam $6 pf_ 73 N Y Steam $7 pf_ Norfolk Sou (r) _ 1 Norfolk & West(10) Norfolk & W pf (4) North Am Aviat 19 North Am (.60g)___ 37 “ NorthAmpf(3) _ 1 North Am Ed pf(6). 2 Northern Pacific 33 Norwalk T& R 1 Ohio O (14g).. 19 $ Oliver Farm_ 15 Omnibus __ Oppenhptm Col %g_ Otis Elevator .80g § Otis Steel __ Otis St1 18t pf 515 __ Outboard M (13;8)_ 8214 Owens-T11 Gl 1% 21 1 Pac Am Fish (1.20). 4 Pac Coast 1st pf___. 508 Pac Coast 2dpf __ 808 Pac Finance (1.80)_ Pac Gas & El (2)___ Pac Mills (1g) ____ % Pac West Ol (.63¢) Packard Mot (.15%) Panhandle P&R (r) Panhandle pf (r)___ Paramount Pict Park Utah Parke Davis(1.40g). Parmelee Trans i Pathe Film Patino Mines_ _____ Peerless Corp _____ Penick & Ford (1g). Penney (J C) (2g) . Penn Coal & Coke Penn-Dixie Cement Penn R R (%g) . Peoples D pf (614) 4 Peoples Gas Lt & C- Pere Marquette ___. Pere Marq pf Petro Corp (.40g) __ Pfeiffer Brew (.60g) Phelps Dodze 1% g - Thila Rap Trans pf. PhilaRead C& 1. Philip Moris(3%g). 49% Phillips Pet (2a) __.x 28% Pills Flour (1.60)__ 40 Pirelli (1.68%g) 52 Pitts Coal pf 12 Pitts Screw (.30g 84 Pitts Steel pt 3% Pitts United 24% Plymouth O11(.70g) 21% Poor & Co B_. % 17% 363, 864 2% 26% 13 100s 85 48 31 31% 25% 135 9% 261 6% 15% 102% 908 272 2'{6‘« 102 Porto Ric-Am T A__ Pressed Steel Car _ Pub Sve N J (2.60)_ 99% Pub SN J 85 pf (5)_ 51% Pullman (1%) 16% Pure Oil __ 99 Pure 0il 6% p 1074 Pure Oil pf (8) 137 Purity Bak (.45g) - 7% Radio Corp . 63 Radio cv pf (315) _. 674 Radio-Keith-O (r)_. 131 R R Sec 111 C Stk 29 Raybest-Man (13). 7'5 Real Silk _ 2 Reis& Co _ 161 Reliable Strs (1) 21 Rem Rand (1.05 Rem R pf ww (l‘q) Reo Motor __ g Republic Steel Rep Stlcv pf (3k) Republic St pf A(6) Revere Copper & B_ Revere Cop & BrA _ 221% Reynolds Met (1) _ 4 Rey Met rts Augl2. 16!5 Reynolds Spr (1) _. Reynolds Tob B (3). Ritter Dental (12x) Roan Antelope 1.11g Ruberofd (.60)_____ Safeway 7% pf (7) - St Joseph Lead (2a) St L-San Fran (r) - St L-San Frn pf (r). 38% Schenley Distill(3). 1% Schulte Ret (r)____. 4 Schulte Retpf_____ Scott Paper (1.058) Seaboard A L pf (r) Seaboard Oil (1) Seagrave Corp Sears Roeb (3) Servel Corp (1a) _ Sharon Steel (1.20). Sharon Stl pf (5) .. 4 Sharp & Dohme __ Sharp & Do pf 3% __ Sheaffer Pen (1%g) Shell Unfon (%g) .- Silver King (.65g) Simmons (1g) - Skelly Ofl (.50g Sloss-Sheffield pf; 19% Snider Pacic (1148)_ 16% Socony Vac.508) __ 80 5 27% 109 974 32 71 113 104% 65 43% 2% 4% 208 1 13 2 11 ety High. Low. Close. ehu 1 74 14 1 66 50 20% 20w 14 324 1 1184 118% 1106 1308 101'% 1242 108 104 284 541, 30% 6814 187 22y AUGUST 5, 1937. Prev. 1937 High, Low. [ 6% 66 66 20% 815 118% 13% 108 3% % 31% 24 3T% 6% 60 93 5% 2813 14 3la 213 1% 991 45 20 021 175% 2850 j 18 17% k L “nit-C 11375 1027, 161 2015 247, llm‘ 3 o L+t 15 10 701, 8, 15% 3418 81 zu 10015 109 115 11% 45 11t 831y OR‘Q [REN 1017 40% 9 Approximate Sal 11:00 A.M. 1:00 P.M.. | tion. included. X Ex divid last year. Stock ana Dividend Rate, 3l Sou Am G&P (.10g) 32% Sou Po Rico Sug (2) 22% Sou Cal Edis (1%a) 40% Sou Pacific Southern Ry .. Southern Ry pf Spaiding_____ Spalding 1st pf__ Spang Ch pf (9k) Sparks With __ Spen-Kell (1.60a) __. Sperry Corp (le) Spicer Mfg____ Splegel Inc (%g) 4 Spiegel pf (4%) Square D Co B.60g .. Stand Brands (.80)_ Stand Com Tob__ Stand Gas & El (r)_ Stand G & E pf (r)_. StG&E 7% p pf(r). Stand Oil Ind (1a)-. Stand OfL N J (1a) . % Sterling Prod(3.80) ewart-Warn (14a) Stokely Bros (.95 Stone & Web_ Studebaker _ Sun Oil (1a) __ Sun Oil pt (6)_ Sunshine Mng (3) Superheater (1 ) Superior Oil Sutherland P (1 50). mington ww mington Xw . 3 Telautograph (.60). Tenn Corp (%g) - Texas Cy Texas Gulf Prod __ % Tex Gulf Sul (2a) . Tex Pac Land Tr Thermoid Third Ave 5 Thompson Pr(.90g) Thompson-Star Tide-Water As(la)- Tide-W Timken-Det Ax(2e) Timken Roll B(3a) - Transamerica new Trans & West Air__ 2 Tri-Cont Corp (%g) 20th Cent-Fox (1g). Twin City pf (Tk) _ Underwood (13%g) Un Bag & P (2) Un Carbide (2 Un Oil of Cal (.85 Un Pacific (6) . _ Un Pacific pf (4) Un Tank Car (1.60). & Unit Aircraft (3;g) Unit Air Lines Unit Biscuit (1.60)_ nit Carbon (4) ___ 'mu-mnt() “nit Gas Imp (1) “nit Gas Imp pf(5) ‘nit Paperbd (.30g) 7§ Distrib pf J Foreign Sec _ eizht (1%e) . Hoffman Mach S Indus Alco 7S Leather_ __ 7S Leather A Pipe (3) . _ Realty & Imp ubber wllpfu’;), tockyds (13). Unit Stores A___ UtlP & Lt A (r) Vadsco. 2 Va-Caro 6 pf(11; k) Va Ir Coal & Coke - Va Iron Coal & C pf. 110s Wabash Ry (r)__. Wabash pf A (r) __ Waldorf Sys (1.20) . Walgreen (2) Walgreen pf Walker HG&W (2) Walworth = oo Ward Baking B ___. Ward Bak pf( ‘Warner Bros Pict__ Warner-Quin (r)___ Warren Bros (r) __ Waukesha Mot (1a) Wayne Pump(11:g) Wesson O & S ( W Penn E1 A (7) West Penn E1 pf(6) 1108 W Pen E1 7 W Penn P 6% Western Maryland . Western Pac 4 Western Pac pf West Union Tel (3). Westinghse Air (1) Westhse EI&M(3g) Weston ElIn(%g)- 4 Westvaco Chl pf 113 Wheeling Stl Wheel Stl pf 235k ‘White Motor ___ White Rk M Sp 1.40. White Sew M pf Wilcox Oil & Gas Wilson & Co (1) Woolworth (2.40) __ Worthington Pump. Worthington pf A__ Wright Aero__ Wrigley Jr (3a) Yale & Towne (.60). Yellow Truck..____ Youne Spring (3) _ Youngstn S&T 1138 Zenith Rfidlo(l’zz) Zonite Prod Total Sales for the day. 3Unit of trading 10 shares. rIn bankruptcy or rceivership. or being reorganized under DANKIUBLCY TACL. Or Securiiiet. asoumed by* puch companies. Rates of dividends in the foregoing table are annual dis- bursements based on the last quarterly or sem! Unless otherwise noted. special or extra dividends are not d. fPavable in stock. & Dec stock. FINANCI Bales— Add 00. 3 4 . Low. Close. :hl. 3% — W 3% + % 26 — 1 A8Y% — 30% 45'% = - 67 6 6 6 27 16 35 31 25 2 408 orp (2) Aspf (413). FEVERE 44 4 108 3 rr Fast (2)_ or'n Ist () (B 8 8 60 ok T O It R (6g) 2308 - 2 Wi E). 60s 160s % pf (7) > PE(6) 34 11 11 E A 20s | I S B +f )] © EEED 374 (2N % of Stocks on the N. Y. Stock Exchange. |’ 200,000 12:00 Noon.. 480 000 ‘J(r 000 nual declara- xrEx rights. a Also extra or extras. e Pald lared or paid 50 far this k Accumulated dividend paid or de- SONOTONE CORP. SHOWS BIG INCREASE IN NET Special Dispatch to The Star. NEW YORK, August 5.—Sonotone Corp., New York, reports net profits for the first six months of 1937 of $120,428, after all charges including depreciation, amortization and obso- lescence, but before provision for Fed- eral taxes. After provision for pre- ferred dividends, net income was equivalent to 14! cents per share on 788,891 shares of common stock out- standing at June 30, 1937, This compares with net profit of $66,213 for the entire year-1936, or T cents per common share after pre- ferred dividends. The balance sheet at June 30 shows cash of $87,735, ac- counts receivable (after reserves) of $420,595 and inventories at or below NEW YORK COTTON By the Associated Press. NEW YORK, August 5.—Cotton the session today on reports from Washington the President would favor a crop loan provided he is assured of control legislation at the next sesion of Congress. A crop estimate of a Southern bu- reau placed the indicated yield at 15, 588,000 bales, and the average for six reports so far received was 15,331,000 bales. At the beginning of the last hour December was selling at 10.97, while the entire list showed net gains of 10 to 13 points. PFut losed steady. 9 to 13 higher, ures cl s oW, costs of $504,530, with the ratio of | M current assets to current liabilities at 41to 1. BOARD ELECTION_HELD BY M.-K. PIPE LINE CO. b the Associated Press. WILMINGTON, Del., August 5.— Class B stockholders of the Missouri- Kansas Pipe Line Co. began voting yesterday to elect three members of the board of directors. Cottonseed OIl joenchable cottenseed ol {ulurlex‘clgg‘e‘fl steady, 4 to O er. Sales, 17 - tracts, l:eludlnx 2, Avitches. September. ber, 8.35] January, §o55 35 Maren, 8545, bBid. New Orleans Prices, NEW ORLEANS. August 5 (#.—Cotton futures closed steady al net advances of 8.to 8 points, The election is being conducted by | %3 Albert L. Massey, sitting as a master in the Court of Chancery. He was appointed at the request of John R. Perry, a Class B stockholder. The list of proxies was considered yesterdsy. Four board members’ al- ready have been elected by the com- mon stockholders. Sunray Oil Corp., Delaware—Com- mon share earnings, six months ended June 30, were 37 cents, against 13 osnts. prices advanced quite sharply late in | BITUMINOUS OUTPUT UP SLIGHTLY IN WEEK By the Assoclated Press. The National Coal Association, from incomplete carloading reports from the railroads, estimates bituminous coal production in the United States for the week ended July 31 as ap- proximately 7,700,000 net tons. Pro- duction for the corresponding week, 1936, 17,386,000 tons; 1935, 5,374,000 tons. The report of the Bureau of Mines shows production of 7,132,000 tons for the week ended July 1% and 7,290, 000 for the week ended July 24, 1937. Production calendar year to July 2], 1937, 253,563,000 tons (subject to re- vision); 1936, 229,878,000 tons. HIGHER NET.REPORTED BY HOLLAND FURNACE By the Associated Press. CHICAGO, August 5.—Holland Furnace Co., reported second-quarter net income of $279,935, or 56 cents a common share, after provision for pre- ferred dividends, compared with $129,976, or 21 cents, the correspond- ing 1936 period. Six months net was $103,071, or 8 cents, the best showing for any com- parable period in seven years, com- pared with & net loss of $58,056 the first six months of 1936, The figures were before provision for undistributed profits tax. _— American Hide & Leather Co.— Common share earnings, year ended | Foundry, | cific, AL. STOCKS IRREGULAR ATEND OF SESSIO Mining Issues Advance, buf Many Others Lag in Profit Selling. Stock Averages Indds. Ralls. U Net change. —4 —4 —3 Today, close 97.9 Prev. day___ 98.3 Month ago. Year ago._ 19237 high. 39.2 396 412 395 495 36.1 435 302 434 B 8.7 239 -146.9153.9 184.3 157.7 - 516 953 618 61.8 433 436 423 52.4 54.0 39.1 537 1929 high_ 1927 low. (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Fress Financia: Writer NEW YORK, August 5.—Mining | sues took on a show of strength | today's stock market following mark-up in the price of lead and ex | port copper. Steels, motors and many other re cent leaders, on the other hand, er countered selling handicaps that ke them in the background or reduce their quoted values as much as point or so. With the news out on settlement o the wage dispute with non-opera unions, rails lost their buoyancy o the previous session and contente themselves with holding to a small fractional area. Earnings prospects apparently con tributed to fairly persistent sup; for mail orders and scattered special ties. Except in low-priced metals. volum was light. Transfers approximate 800,000 shares. Recording gains of fractions around a point at one time were A conda, American Zinc, America Smelting, American Metal, St. Josep. Lead, Calumet & Hecla, Park-Uta Inspiration Copper, Sharon Steel, I: land Steel, United States Pipe National Supply, Armstror Cork, Canada Dmy, Madison Squa Garden, Revere Brass, Internatior Mining, Granby Copper, Southern P Great Northern, Northern Pa cific, Chesapeake & Ohio, Montgome: Ward and Sears-Roebuck. In the retreating column most ¢ the «day were United States Stee Bethlehem, Republic, Alleghany Stee General Motors, Chrysler, Mac Truck, United States Rubber, Good year, Macy( Deere, Oliver Farm Douglas Aircraft, United Airlines Western Union, American Telephone, General Electric, American Can, Standard Oil of New Jersey, Alled] Stores, Southern Railway, Atlanty Coast Line, American Woolen an Public Service of New Jersey, CHICAGO GRAIN By the Associated Press. CHICAGO, August 5.—Grain prices rallied strongly today, increased buy ing lifting wheat 2 to 3% cents at ond Stage and corn 2 to almost 4 cents bushel. September corn, soaring above $1 a bushel once more, came with; 4 of the 4-cent limit on daily pri fluctuations. Much strength in wheat was asso ciated with Liverpool's strong clo:a and reports of increased importe interest in North American grair Short covering and stop loss order accelerated the rise in all grains, D: weather complaints influenced co: market action, but the highest h prices in 11 years, coupled with ar advance of 50 cents a hundred pounds the day limit. in lard also were factor Reacting <1mml) from the highs| wheat closed 3, to 2'. cents aboye) yesterday's finish; SGDtembcr, 115% “s: December, 1.1555-74, and corn wa 1': to 27 up; September, 99 3y llb;vtember 67%4-7s. Oats gained 1'4- CHICAGO. August 5 (), — whEaT OP¢% Hish. Lovw. September December May Close. 115%-7s CORN-—— September December May OATS — September December May soy ans~ Octobe Drrrmher May RYE— September Decemper May LARD— September October December January BELLIES. — Septemeer 1 Chicago Cash Market. Cash wheat—No. 2, red, 1.19; No. 1 hard, 1.22-221;; No. 2, mixed, 1 167 19%. Corn—No. 3, yellow, 1.10', Oats—No. 1, mixed, 30',-31; No. I, white, 3114-32'.. Rye—No. 1, 84-86 Barley, No. 2, malting, 80: No. 3 feed, 45-55: malting, 60-82. Timothy seed per 100, 2.75-80; No clover seed T 1100 1152 65 1200 11085 ) 1160 1 Baltimore Quotations. BALTIMORE. August 5 (P)—Wheat No 2 red Winter. garlicky, spot, domestic 119%5; August. 1.19'z Winnipeg Prices. WINNIPEG. August 5 (P.—Grain rans at principal markets today WHE. 1242 451, 4R1y No. 1/ Nerthern: 135 M 3 Northern. 1.7 s: No. 3 White, 51 .51'-. REFRIGERATOR SALES WELL ABOVE YEAR AGO By the Assoclated Press. NEW YORK, August 5.—June sales of household electric refrigerators to United States distributors and dealers totaled 249,042 units valued at $2 098,696, against 216,008 units valued at $17,323,013 in June, 1936, the Na- tional Electrical Manufacturers’ Asso- ciation estimated today. Domestic sales in the first half of 1937 aggregated 1,586,449 units valued at $135,925,937, against $1,311,820 units valued at $107,008,496 in the like 1938 period. 2 Northern. oats, No. 2 whi No. 1 mixed feed, BOSTON WOOL MARKET. OSTON. August 5 (P (United States Denunmzm of Agriculture). —The market . Prench combing lengths ~ brought! 9507 cents, scoured basis. whole- | running good French combing and sta June 30, were 3 cents, against 20 cents, before extra credits in preced- ing year. 3 combing length around 98 cq Fleeres were ‘mostly 'auiet, . Quotations on Ohlo 'oo were unchanged from earller ln the week.