Evening Star Newspaper, August 5, 1937, Page 19

FINANCIAL METALS ADVANCE ON CURB MARKET Gains Contrast With Mixed Trends Displayed by Other Sectoins. By the Associated Press. NEW YORK, August 5.—Higher prices for metal stocks contrasted \nlh curb market today. Gains of minor fractions to nearly shown by Hecla Mining, Wright Hargreaves, New Jersey Zinc, Hudson Bay Mining, Eagle Picher Lead, Consolidated Copper and New- mont. Other shares improving slight- lv included American Cyanamid B, Ford, Ltd, and F. L. Jacobs. On the offside were Electric Bond & Share, Niagara Hudson, United Gas, Humble O1l merican Gas & Electric proved vulnerable to 1 lded 1': ® point were points by mid- WHEAT IS BOOSTED Prices Above Regular Market Levels After Introduction of Gov. Langer's Program. BS the Assoclated Press BISMARCK, N. Dak,, Wheat pr North increased above the regular market prices during the last two days, State mill and clevator officials said today, after introduction of a program which Gov. William Langer said would bring “honest prices” for lightweight wheat. | The program, which started Tues- called for the use of Bank of | h Dakota funds to buy lightweight August 5— ces in Dakota have Aluminum and Pantepec | t offerings | By private wire direct to the Star. 2 Btock and Bales— Dividend Rate. Add 00. AeroSup MfgB.. 1 Ala GLSo(1%R) . 258 T6% Ainsworth (14g). 1 13 Allied Int Ipf 1k. 508 18% Alum Co Am____. 1008 152 Alum Co pf (6) - 508 Alum Ltd - 2008 Alum T.td pf (6)- Am Airlines ____ Am Rox Bd(.95g8) Am Centrifugal . High. Lfl[. Closs. 4 4 6% 6% 1313 18% 18% 15119 152 My U7 17 117% 117 117% 5126 1253126 3 26 26 3 20% 2 % | | | A i tAm(C mixed trends in other groups on the | Am Cit P&L(3h). 1008 ACP&LwWw23h 1 ACP&LB(30g). 1 van B (.60). 16 Am& Fgn Pwar. 1 AmG&EI(1.40). 4 AmG&EDpL(6). 508 Am Gen % 5 Am Gen $2 pf(2). 1508 Am Hard Rub 100s Am Taun M (.80) 4 Am L&T(1.202) . 1 AmL&T pf(1%). 13 Am Maracaibo 1 Am Seal Kap Am Sup Power 7 Anch PostF . 1 Arctur Rad Tube 1 1 3414 35% 5 34 4 17 Ark Nat Gas 3 Ark Nat Gas A Ark Nat Gaspf _ Art Met Wks(.80) Ashld O&R(.40) ATELInd(.364g) . AsG & El A 1T 1 1 2 \ru onst L 2.25e Atlas Corp war _ | Axton BY NORTH DAKOTA | Raldwin Rub 113 Rarium Sta St Barl&SecelA(1.20) Bath 1 W(6%f) Reech Airc Rellanca Aire | ¥ | Rliss&Laugh(2) 200s Rluni Rohack nthal (8) HOY pf nt Ma (% g) Rrill B Brown Co pf 1 10= | Brn F&W (.90g) BNAELDL(160) B P 1 pf(5) Bl HI & 9015 | Bur Ltd(.162g)_ load lots and for shipping | or | s or D.l'u h elevators. manager of the State | and elevator, said prices there and r State points had been forced 1, 0INg 10 7 cents above e on 56-pound wheat and and 6 cents ghter, weights, however, generally above those ate elevators. Scott said cents Wednesday 1. as compared with ate elevators. mill quoted 68 50 cents by the 50! Scott cents, compered w elevators, MASONITE CORP ORDERS EXTRA OF 75 CENTS | By the Associated Press CHICAGO, August Corp. directors vesterday voted an ex- tra dividend of 75 cents a share on On | above on 55 | State | Can Mare Wire ‘arnation (1)_ Carnegie Met “arrier Corn ‘asco Pr (2% g atalin Am elluloid pf Auto St(.30g) “lauda Neon Lt _ Cleve Tract ___, Club Al Uten Colon Develop _, Col Fuel&I war__ Colum 0 & G { Comlth & So war. Cons Bi (.60) Cons Cop Min - Con G&E R(3.60) Cons Gas Ut war. Cons Ret Strs Cons Steel Corp 1t Roll & Stl__. Cooper-Ress _ 5.-—Masonite | f opper Range __ Cord Corp & rtanlds 231g. common stol stock of payable August 25 to the | creole et (1:) - Crocker Wh Regular | Croft Brewing 15, THE EVENING NEW YORK CURB MARKET Stock and Dividend Rate. Add 00. Mich St Tu (1) Mid St Pet A vtc. Mock J Vo(.30g)- Molybdenum Mon LH&P(1%). Mount City Cop - Mount Prod (.60) Nat Rellas Hess . Nat BA&Sh (%) Nat Contain .7og- Nat Fuel G (1) NatP & Lt pf (6) 250. Nat Rub Mch Nat Service 1 6008 0 Nat Trans (.45g). Nat Un Rad Nehi Corp (1g) _ Nelson (H) 5 NEng PADI(6)_ 508 NJZinc (2a) _ 1008 NewmMin (11 N Mex Ariz __ N Y Mer (.80a) _ NY P&Lt pt (6) Niag Hud Pow __ Niag Hud 1pf(5). 1008 Niag H2pf (5) _ 258 Niles-Bem-P (1g) Nipi's Mns(%g)- Noma El (.40g) __ Nor Am Lt&Pow, NAmRA (1.50g) NAm Ray B 1,5 rop Oil Zopf(28k) P Tl 817y 108 108 14 86 108 881, 1 241 O Brass B(1%g). 100s Ohio Pow pf (6) _ 108 Ohio PS pf A (7). 20s 59 109 10615 1 | Oldetyme Dist Overscas S(.70g) Pac GRE1pf11; Pan-Am Air(1) _ Pantepec Oil _. ParkbeR&R Rog. Pennroad (1ie)__ A P&LEDE (T) Pa Salt (3% g) _ Pepparell (6a) Tharis T & R .60 Pioncer G1d(.40)_ Pitts Forg L4z Pitts P Gl(41 Pleas Val W Polaris Mining Potrero § 0g. | Powad Pow Cor Can 1g Pratt&lam (1g) - Propper McC (r) - Prosperity B g Trov Gas (80) _ 1258 Pug Sd P $6 pf . 100s Ry & Lt Sec 308 100a 508 Reyharn Inc !w\nnm« Inv. Ryerson& H ____, St Regis Pap .. Sampson Unit Savoy Oil Seran Lace 1.20g . Negal Lock ___ \tlhrllm){]»\lh Selected Indus Select Ind ev k Sel Ind pr pt 5% Seton Leather Seversky Airc . Shattuck Denn _ Shaw W&P(.80) ) PO S TP P G P oo | Sherwin-Wms 4a | Simmons H& 1 Simplic Pat l¢g . Sonotone 2) nn Oil 114 4B e 1l pfi% S0« m—,d P 1508 Southld Roy .20g THh 811y 21y 510013 1001% 7415 STAR, WASHINGTON, D. C., THURSDAY, AUGUST 5, 1937 Changes in Price of Chrysler Stock 108 213 14 104 §1,171,925 EARNED BYBRISTOL-MYERS Six Months’ Net Compares With $1,179,350 for Same 1935 Period. By the Associated Press. NEW YORK, August 5-—Bristol- Myers Co. and subsidiaries, drug manufacturers, reported a net income of $1,171,925 for the six months ended June 30, equal to $1.70 a share on the common stock. This compared with a net of $1,179,350, or $1.71 for the first six months of 1936. Holland Furnace, Holland Furnace Co. reported net income for the six months ended June 30 of $103,071. This was equal to 11 cents a common share. For the first six months of last year the company reported a net loss of $58,056. American Woolen, American Woolen Co. and sub- sidiaries, with the exception of Textile Realty Co., reporied net income of.$3,- 393,552 for the six months ended June 30. This compares with $1,098,162 for the first half of 1936. Skelly 0il Co. Skelly Oil Co. and subsidiaries re- ported net income for the six months ended June 30 of $3.435917, equivalent 1o $3.22 a share on the common stock. 75, | This compares with & net of $2,203,- 30 | 836 for the first six months of last ecord August quarterly d common &lso were voted, CURB BONDS DOMESTIC 125 on the preferred BONDS. 1031 10424 a0 1051, Gen Pb U Georgia Pw 3 Gien Alde Ohio Pwr 5s Okla Nat Gas 5% d 134s '60 345 60 B E 45 'A0 IG&E. . S S n Snudl r Lm6 g, s 58 '55 nit Ind C'p 68 45 I'—W\lh lurnnls XW- 7WIlhuuL nts st (stp)—Stamped. ENQIGNIHHI!Y impaired by muunu Companies reported in receivership. ‘170 Mt r | Fidelio Brew | Det | Diveo Tw C(.40)_ of 25 cents on the | Crown C Pet__ Crown Drug Cuban Tobacco _ Cusi Mex Dayton Rub. Dejay Strs (80) Dennison Mf 1 pf Derby Oil DetG&Mpf(1.20). Det Gray It (.04). Det Mich Stove _ St1 Pr (3g)- DraperCp(2 Dubilier Con Duke Pwr (2g) Duro Test (.40)_ Duval Tex _ Eagle P Ld 30g_. ast Gas & F &F 6%, pf(3)_ S&Fprpf(413) Fast Sta Corp £ Wash MB(;g) Eisler E1 (3%, 1) El Bond & Sh El BA&Sh pf(6) - 0a). | Bl Pow As (.15%) Electrograph (1) Electrol vic Emp G&F 7% Eauity Corp Evans Wallo Fairchild Av__ Falstaff Brew Fedrs Mfg(1;%) Ferro Enam(%g) 17 4% 9% 142, 415 93 142 43 9% 145 41% W Fst Na St1pf(7) 108 112 11’ Fla P& Lt $7 pt loos Ford M Can A (1) Fd M Ltd(.213g)~ Frankl Ray FroedtGevpf1.20. Gen Firepfg .55g. Gen Tnvest______ Gen Tel (348) . Gen T & Rub _ Georg Pow pf(6). Gilbert (AC) _ _ Glen Alden(%g)- GodchauxSA (38) Gorham vte 2.25g Grand Nat Films Gt A&P nv (6a) Gt A&P 1st pf(7) GreenT&D _ Gulf Ol (35g) GuIf StUL6% pf Hall Lamp(.20g). Hazeltine (3) Hn D Strs(1.65g) Hecla Min (.45g). Hoe(R)&Co A Horn&Hard (2) _ Horn & H 5% pf Hud BM&S (% &) Humble Oil (114) HygradeFd _ _ 2 HygradeSylv(2g) 1008 111 Iowa Pow 111 Iowa Pow pf_ 111 Ja P div et 111 Zine (.7 Imp Oil Can(3;a) Imp O Canrg za Ind Pipe L(.30g). Indus Finan pf__. Ins C N Am(2a) Int Hyd-Elec pt Inter Pet(1%a) Inter Rad (.85g)- Inter Ut B _ Inter Vita (15) Int Home E(.44)_ Inv Royalty .06a_ Ital Superpwr A Ital Supdebrt___ Jacobs Co (%g) Jeannette Gla Jonas & N (.15g). Kimb-Clk pf (6) Kingston Pr(.40) Kirby Pet__ Knott Corp(.208) Lake Sh M (4a) . Lakey Fdy & M __ Lehigh C&N(.30) Leonard Oil Lion Oil (1a) Lit Bros _ Lockheed Airc Lone St G(.40g Long Is Lt Long Is L pf(7) Louis L&E(.40) McWill's D1.2 Massey Harris Mar Int M.179g_ Mead John (3a) .. Mer-C&SpfA _ Mer & M A(.60)_ Merritt-C&S_. Mesabi Iron Metro Edis pf(8). MetTpt pf(3%a). H# 112 9ty o a8 5 154, 15 204 291 321y 32!y 10315 10314 3% 314 83% 831a 31y 50 /1 = 32 10315 311, 3508 2 1 o S5 A 15 6 5 107 13 5% 12% 50t 4% Y 14% 15 6 6 5 L3 107 107 4% 4% 5% 5% 126 12% 504 504 4 4% 9 9 1% 14 29% 29% 4% 4% 13% 1% 4% 80 > S RN AR AN A @ S AR BN RN D 9 9y 123 123 9 69 o S e i | West va 831 | Span & Gen Lid . Stand Brew | St 0il Ohio (1) StOfl Ky (1a)_. StPow & Lt ___ StSil-L (.02g) __ Std Steel Sp(1g) - Sterchi Br Str terchi Br 1st(3) Stetson (JB) 508 Starrett Cor vtc . Ster! Sunray Oil 155_- Taggart Tastyeast A inicolor ___ Tecin-H G (.40a)_ Texon Oil (.60) Tilo Roof (1) Tob Pr Exp .15e.. Todd Ship (2) Tonopah Min Trans-Lux (.20)_ Transwest Oil_ Tubize Chat | | Tung-s Sol Lamp_. Unit Chem Unit Gas ... Unit Gas war__ Unit Gas pf (7 Unit Lt & Pow A Unit Lt & Pcv pf Unit NJRR&C 10 Unit Shoe M 2};a Unit Spec (1.40) . US Foil B (%g)- 1nv 11.)’ 0 6% 49 49 108 253 253 1508 87 |Us&lntsec Unit Ver Ext 1g_ it Wall P.15g. UtahP&Lpf 13k Util P & L pf (r). Utility Equit.___ Utility & Ind pf . Valspar Corp vtc Venezuela Petrol Virg Pub S pf(7). Wagner Bak .80g. Walker Min Wayne Knit M Wellington Oil __. Wentw’th M .15g. C&C. _. WP&LDE 1.31% Wil-Low Caf (r)._ Willson Prod (1). Woodley Pet .40 Wright Har .40a Yestn StID 2 3 1 89 201, 27 81y qv 'in Bl L1 | Yukon Gold .06g - r In bankruptcy or recehlershlp or being reorganized under the Bankruptcy Aet. or Secusisies asumed by snch eomphnies. Rates of dividends in the foregoin le o anmiual disbursements based on the 1nbe quarterly or semi-annusl declaration Un- less otherwise noted. special or extra divie dends are not included 50 extra or extras. £ Payable in’ stock. % Declared or paid s far this year. no regul; or siock. " k Accumulated _dividend. paid or declared tnls year. ww—With war- | Pants ! E withou? Warrants, " war War: Tants e Paid last year. —_— . WURLITZER CO. REVEALS EARNINGS AT $633,868 By the Associated Press. CINCINNATI, August 5.—The Ru- dolph Wurlitzer Co. reported consoli- dated net earnings of $633.868 for the first quarter of its fiscal year, a figure equivalent to $1.67 per share on com- mon stock outstanding as of June 30. No comparison for a similar period of last year was available, the com- pany previously issuing only annual statements. U. 8. TREASURY NOTES. YORK. August 5 (7. —Prices quoted Foare and tHEt: secmmin: Month Year. o1 - 3 ‘-S? i miaiioh R333EI2 ST sy &P s i bt NEW YORK BAR SILVER. NEW YORK, August § (#).—Bar|Tr silver steady and unchanged st 44%. | | a year could be effected. RS, »|vear, which was equivalent to $1.99 per share. American Steel Foundries. American Steel Foundries Co., with Puttsburgh districts, for the six months ended June 30 reported today net in- come of $2,412,152 after charges, equal to $187 a common share, against | $996,263, or 82 cents in the like 1936 period. International Paper. International Paper & Power Co. reported a net profit of $5,032,693 for the six months ended June 30. This is equal to $5.53 a share on 909855 shares of 7 per cent cumulative pre- ferred stock. Allowing for only the regular dividend requirements on the | stock, the balance for the six months is equal to $2.19 a share on 832,596 shares of class “A” common. In the ’fir.\l s1X months of 1936, the company reported a net profit of $262,543, equal to 29 cents on the 7 per cent preferred. Apex Electrical, . | principal plants in the Chicago and | 7and 6 per cent cumulative preferred | | very CLEVELAND, Ohio, August 5 (#).— ! C. G. Frantz, president of the Apex | | Electrical Manufacturing Co.. reported % | today net period ending June 30, 1937, of $258.- | 418, after depreciation and all charges, | including provision for normal Fed- eral tax, but not for undistributed sur . il plus tax. This is equivalent to $2.3 | per share on the common stock. after | | provision for prior preferred dividends | for the half year and compares with | earnings of $2.53 per share for the same period of previous year, _cf, R. 1. &P. TO MAP GULF AGREEMENT Formal Contract With Subsidiary Planned to Gain I. C. C. Approval of Merger. By the Associated Press NEW YORK, August 5.—At the next meeting of trustees of the Chicago, Rock Island & Pacific Railway a for- | | mal contract probably will be drawn between that road and trustees of the i3 Chicago, Rock Island & Gulf Railway, | a subsidiary, formed quarters. The same trustees act for both systems, This step will be taken to meet a ' ruling by the Interstate Commerce | Commission which recently denied the Rock Island's application to merge its | operations with its subsidiary, the Rock | Island & Gulf, on the ground it had no jurisdiction in the matter. | Lack of a formal contract between the two affiliates formed the basts for the refusal, it was said. The Rock Island is now in process of reorganization and it was stated that | through the proposed merger of opera- tions a savings of $100.000 to $120,000 | —_— INVESTING COMPANIES NEW YORK. August 5 (#.—New York Security Dealers’ Association. (Noon quotations.) Admin Fd 2nd Inc ___ Am Business 8hrs Am Gen Eq Inc Am 1Ins Btocks | Bancamer Blair | Bankers' Nat Inv Corp | Basic Industry : Boston Pund lnc - | Corporate Trusc AA | Corp Tr mod COrD Tr Accumn Sar - Corp Tr Acc Mod Cumulative Tr Sh Depos Bk 8h N Y ““A' Depos Ins Shrs “A’ Depos Ins Shrs *B' DiversifiedTr Dividend Shrs : Equity Corp $3 pf Fidelity Fund Inc First Boston Corp Fiscal Fund B Fixed Trust Sh A Fiscal Fund Insurance rs General Capital Corp™ Gen Investors Tr Group Sec Agriculture - Group 8ec Altomobile Group Sec Building. Group Sec Chemical Group Sec Food Group Sec Invest Shrs - Group Sec Merchandise _ Group Sec Mining Group Sec Petroleum _ Group Sec Tobacco Huron Holding Incorp_ Tivestors ) Instl Sec: Bank Group __ Instl Sec: Insurance Investors Fd ne Kevston Cusy Fund B- 3- e Sec Nation Wide Vating Natl Investors ) Sy Seanss 2 3 @ pRmTT &5 c State treet Invest income for the six-month | Amounted to $2.78 per Share in 1933, Stock Sold Between 2.79 and 20.73 Times Earnings Il Earnings Amounted to $2.19 per Share in 1934, Stock Sold Befween 13.36 and 27.57 Times Farnings I ol Earnings Amounted to $8.07 per Share in 1935. Stock Sold Betw 3.84 and 11.63 Times Earnings TR |!Ifl|l""il fll llIiiIII E H Earnings Amounted to $14.25 per share in 1936. Stock Sold Betw 6.12 and 9.74 Times Earnings In 1929 Earnings Amounted to $4.93 per Share. Stock Sold Between 5.27 and 27.38 Times Earnings JFMAMJJASOND JFMAMJJ ASONDJFMAMJJASONDJFMAM 1933 1934 1935 Letters Above Are Initials of Months: J for January, F for February, Etc. Loew’s Declares Year End Dividend Of $3 Per Share By the Associated Press, NEW YORK, August 5—Loew's Inc., declared a fiscal year end divi dend of $3 a common share, payable August 25 to stock of record August 14. On June 30 last 50 cents quar- terly and $1.50 extra was paid on the common. Payments on the common for the fiscal year ending August 31 now total $8.50 a share. THE WEATHER District of Columbia—Partly cloud possibly showers tonight and tomor- row; not much change in temperature; gentle variable winds. Maryland and Virginia — Partly cloudy, possibly local showers tonight and tomorrow; not much change in temperature West Virginia — Probably showers tonight and tomorrow, much change in temperature. River Report, Shenandoah and Potomac cloudy at Harper's Ferry; Falls and Chain Bridge, clear, local not Rivers Great Report for Yesterday— 4 pm Apm Midnight oday— 4 am. _ £ am. Noon == Record for Last 21 Hours, (From noon yesterday to noon todav.) Highest. Ki. 4 pm. yesterday. Year ago. Towest. 72. Record Temperatures This Year. Hizhest. 95 on July 17 Lowest, 19, on February Humidity for Last 24 Hours. (Prom noon yesterday to noon todas.) Highest. 95 per ¢ Lowest. 30 per ce Tide Tables. (Furnished by United Siates Geodetic Burvey.) Today f0am 28. Coast and Tomorrow. T3asm R0lpm 228 pum. 1500 A 11 pm pm The Sun and Moen. Rises. Sets. 5 716 5 713 Ronam. 53%pm A 'm\nml' lights must be turned on one-hall hour after sunset. Pre. Monthly precipit; Capital (current mi anuary Feoruary { Maren it was reported in in- | A November | December Weather in the Various Cities. Temp. Rain: . m. High Low. fall. Weath'r 209010674 094 Cloudy Cmudy Sations, Atiieae Albany. Auianta. Birmingham Bismarck. N Boston. Buffai; &0, Cincinnati, Cleveland.” Ohio = Columbia Denver. C Detroit El Paso Galveston Helena, Huron.' § Indianapolis Jacksonville.Fla. Kansss City Mo. Los Angeles Louisville. Ky. Miami,_ Fla Minn -St. Paul New Orleans New York, NY. Oklahoma City Ohama. Nebr Philadelphia Phoenix. Ariz Pittsburgh. Pa. Portland. Me Portland. Ores. Raleigh C. Salt Lake City San Antonio San Diego. Cal San_ Prancisco St. Louis. Mo, Seatfie. Wash Spokane. Wash Tampa. WASH.. D.'C. (7 am. Greenwich time. Stations. Temperature. Weather. London England 68 Cloudy Paris. France 3 Vienna. Austris_____ Brest. France Zurich. Switzerland 8tockholm. Bweden (Noon. Greenwich time Horta (Fayal). Azores rrens opservations.) St. Georges. Bermuda &2 San Juan. Puerto Rico Havana. Cuba Colon. Canal Zone _ LEAD PRICE BOOSTED ANOTHER V4 OF A CENT By the Associated Press. NEW YORK, August 5.—A boost of 1 cent a pound in the price of lead, the second advance in as many days, was announced today by leading pro- ducers. The rise made the new price 6.50 cents a pound, New York, and 6.35 East St. Louis. The higher prices were quoted by the American Smelting & Refining and St. Joseph Lead Cos. — AGREEMENT FOR LOAN TO CHINA IS REPORTED By the Associated Press. LONDON, August 5.—Reports cir- culated in financial quarters here to- day that an “agreement in principle” had been reached for a $100,000,000 loan to China. ‘The Chinese Embassy refused to confirm or deny them. They arose after Dr. H. H. Kung, Chinese finance minister, had left for Paris. The reports gave no details of the 'odly‘ Cloudy Cloudy Clear Clear Rain Super of Am Super n{ Am Tr A A Super of Ir B SUber of Am Tr B B - Super of Am Tr € iper of Am Tr D Supervised Shrs crr 8 o, 3 51 Tristeed Thaustey ahn Wellington Pund 3> 3 ot supposed agreement, but said that the United States, France and Bel- gium were interested in the project. Green (H. L) Co., Inc.—July sales were up 12 per cent, six months up 11.4 per cent. 1. | export 1936 0 JASONDJFMAMJJASOND 1937 g p Gber [ R Sy " SALES. Woodward & Lothrop com —10 at 65, AFTER CALL. Washington Gas Light new-—5 at 26, Capital Traction 55—$1,000 at 8574, Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel 408 b8 Georgetown Gas 15L 55 Pot. Elec Wash, Gas 5 Wash| Gas 5 Wash, Rwy, & Elec MISCELLANEOUS. Chevy Chase Club Ist 445 Col Country Club 1t 41es _ 103 . M. Cold Storage 5s 100 STOCKS. PUBLIC UTILITY. Tel & Tel (9) Transit Co Steambout 104 Amer. ) ias Wasn. Rs. & EI. com. Wash. Ry. & EL pfd. BANK AND TRUST COMPANY. r. Sec. & Tr. Co. (eX) k of Bethesds (h.75) ) E3M™% Savings (e10) Ciberty (4) Lincoln (£6,25) Natl Sav. & Er. Georgex ‘Bl & v, s 2 ofa (5 neton (6) Escz 30 . Loan & (eR) 283 FIRE INSURANCE. @) T001 5 Tr. American | Gorcoran | Ritionsi union (.60) TITLE INSURANCE Columbia (.30} Real Estate (6) MISCELLANEOUS. Carpel Corp (2 .00) Lanston Monoiype (t4) v. com. (71.00) Beontes B Peoples Dr. Real Est. M &G | Security Ter Rer xwh Wdwd. & Loth. com Wwdwd. & Loth. pfd. :‘ 123% e 27, extra H 2% extra. **30¢ prid June 4. $Plus extras | h75c extra. . By the Associated Press. Regictration statements for new secur | o R aon Sl e AocuFities” Gom- mission included Lionel Corp.. New York manufacturer of TR00.000 of S10 par valie common for repavment of bank loans Ganbery, Marache & Lord and toys stock. derwriter, others Munising Paper Co. Chicago shares of S5 value common s of kiocknoiders N ilip A, Singer & Bros. for “redemption of stock and other deht repayments and working capital. Under- writer. Manilow & Co. METAL MARKET YORK P —Copper electrolytic. spot and fu 14.05. Tin firm future_ 6000 spot. 65 NEW steady: August 3 G050 firm York Louis £.35 v. East St Louis. spot Iron aluminum an . platinum and schee spot Unchanged. = e NEW YORK SUGAR. NEW YORK. August 5 (P — tures were easier loday under tion promoted by unceriainty legisiation September No. 3 sold down to and March to 2.39. or 3 to 4 points net lower, ' while 'etember, No 4 declined to 1.1815 and March to 1295 point_ net I was_ruling over sugar Income Ample! Protection Substantial! FIRST MORTGAGE NOTES You will enjoy a safe, secure, permanent income with these Shannon & Luchs first mortgage notes. SHANNON & LUCHS Members of the Washington Real Estate Board 1505 H St. N.W. Natl. 2345 Charles Kattelmann Arthur C. Balser. Wilfred H. Blanz__ Guy M. Neely __ TELEPHONE LL 0130 & Washington Exchange BRUNSWICK-BALKE NETS $210,033 IN 6 MONTHS By the Associated Press. CHICAGO, August 5.-—Brunswick- | Balke-Collender Co. reported consoli- | dated net profit for the six months | preferred stock dividends, This compared with a loss of | $118,154 the corresponding 1936 pe- riod. The figures were before provi- sion for surtax on undistributed profits, Sales totaled $3.902,102, an increase of 41 per cent compared with a year ago. Second-quarter sales were $2,- 160,476. |AUTO BOOST TO TEST CONSUMER RESISTANCE Erecial Dispatch to The Star. NEW YORK, August 5—With the increase in prices recently announced by the Ford Motor Co. presaging a general advance by other companies in the industry, two alternative paths future in the opinion of Berens Fi- nancial News Bureau expressed in its current weekly bulletin: First, a broad new rise in many prices will be inaugurated, because the auto industry d on innumerable trades and in- dustries; or, second, buyer's resistance to higher prices will show itself quickly and kill off the price rises. PROFITS OF AMERICAN LAUNDRY MACHINE UP By the Associated Press CINCINNATI, August 5—The | American Laundry Machine Co. and | domestic subsidiaries reported net | profit of $421.001 for the six months | ended June 30, or 72 cents per share rrm 584.011 shares of capital stock out- | standing. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chalrs Files CLEARINGS SCORE SHARP INCREASE Total for 22 Leading Cities Rises: 7.1 Per Cent Above Year Ago. By the Associated Press. NEW YORK, August 5—Due large= ly to the inclusion of settlements ine cident to the first of the month, the volume of checks passing through the banks for the past week increased considerably over that of the pre- ceding period, and for the second consecutive week bettered the exhibiy of the corresponding 1936 week, Dun & Bradstreet reported today. Total clearings for 22 leading cities of the United States for the week ended August 4 amounted to 838 .« 715,000, as compared with $5449.- 314,000 for the like week of 1936. This represented a gain of 7.1 per cent, which contrasted with a rise of 175 per cent in the similar comparison for the week precedi The turnover at New York aggre- | ended June 30 of $210,033, or 28 cents | !a common share after provision for | are seen likely to open up in the near | In the corresponding period 2| of 1936 net was $210,363. | | gated $3.596,401,000, aga 3, | 118,000 for the corresponding 1936 week, or an increase of 62 per cent. { Outside of w York the clearings total amounted te $2.242.314.000, | compared with $2,064,196,000, or a | gain of 8.6 per cent. Clearings this week were | $392,397,000 than those of the wee | preceding. Between the two sir | periods of 1936 the increase $811,333,000. Some of the larger gains were: troit, 32.9 per cent: Cleveland per cent; Cincinnati, 20.1 Louisville, 186 per cent 18.1 per cent; New Orleans, cent, and Portland, Oreg, 152 per | cent. Minor declines were shown a Boston, Philadelphia, Minneapolis and larger by 183 per ODD LOoT DEALINGS By the Associatea Fress odd_lot York | sales in THREE-YEAR LOANS AND 157-YEAR MONTHLY PAYMENT LOANS PAYABLE $8 PER $1,000 5% No Commissions or Extras H e B ! EQUITABLE REGISTRATION STATEMENTS. ; ASSETS Steel Steel Safes Desks Tables 1416 Eve 8t. N.W. Un- | ) 5 RO Wk kidisd?) £ *\@\\\*\WWWW% liquida- | This chop e seriously . . . vacation, or spend your HAND-TAILORED by Kassan-Stein with all BAUM'S FURNITURE HOUSE Phene NA. 2184 Cabinets COMPANY 816 14th St. vidently tock the Washington heat too but you don’t have to take an Arctic even feel uncomfortable , . . if you Summer in o cool, light-weight Suit the care and smartness of your New Year’s Eve formol. Select your Vice President - Secretary ----Treasurer produce you' KA STEIN®- 510 ELEVENTH ST. N.W, fabric now and Albert Kassan will “re- in it at prices surprisingly low, o Tl SSAN-. REAL ESTATE LOANS On Improved property in D. C. and Arlington County, Va. NO COMMISSIONS RENEWALS UNNECESSARY U{pplfmiom invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. Before you re- finance, build or remodel—See us. The American has been helping the people of Washington to. aequire homes for the past 63 years. American Building Assoriafion 300 Pennsylvania Ave. S. E. OVER $9,700,000 LIFE INSURANCE Met. 3437 UNDER U. 8. GOV'? SUPERVISION