Evening Star Newspaper, August 6, 1937, Page 14

A—14 xxx FINANCIAL. BUILDING GROUP 1563 YEARS OLD American Association Marks Anniversary Today—L.ong Growth Reviewed. BY EDWARD C. STONE. The American Building Association Third street and Pennsylvania avenue, southeast, is celebrating its 63d anni- versary having been organized on August 6, 1874 which has made such a long and successful record, was started under the name of the German-American Building Association by 50 Washing- tonians, the original offices being lo- cated only a short distance from the present situation | The first president of the organi- zation was William Willhaft. The name was changed to the Anerican Building Association in 1917. From the modest start given the association by the 50 founders, the organization has grown steadily and soun the latest financial statement showing | 10,000,000 rship | of more tha | today, The association, includes Charles Kattelmann, dent; Arthur C. Bals 3 secretary. and Guy E. , treasurer. Among the directors are John E. Mergner, Clarence F. Donohoe, Chatham M. Towers, ‘Thomas S. Sergeon, Charles A Rossi- ter, Milton H. Prosperi and William C. Farmer. Wins High Insurance Honors. in | e” of | Llfo | 2 of of the E s said to be the only who | has wri surance for He again enjoy bership for 19: unusual production by production in 1934 Commer Freudberg Ufi'r"‘ t nite trend on public to pur form of insur: mnx‘lhl}' income lified 5 and 1935-36 C‘y ! Com- ssion to railroad. | of 38 has appl merce Cor abandon The miles ericl i that 10 public need for um particular line as Siate highways connect the two cities. The applica- tion further stated that the railroad | “is hopelessly insolvent and its finan- | cial condition is becoming progressively | worse.” The Chesapeake & Potomac Tele- | phone Co. of Baltimore reports a net | gain of 1,378 stations during July. compared with a net gain of 1,178 in in July, 1936, and a net loss of 119 in July, 1935. For the first seven | months of 1937 the company had a net gain of 11,488 stations, pared with a net gain of 9,340 in | 1936 and a gain of 3,003 in the like period in 1935. The substantial im- | provement in telephone t line with report i Young Talks of C. & 0. Outlook Robert R. Young, one of the three men in control of the so-called Van Sweringen rail empire, said he expects Chesapeake & Ohio to make better comparisons with a year ago later this year. He said while in Washington this week, he thougit the road would | regain some of the coal traffic which | o the Virginian. It has | showing declines in monthly | earnings. | He said that railroad net in general | this year would be held down by in- creasing costs in spite of the traffic increase which he expects to develop | before the year enc June Bill Payments Slower. Payments on open-credit accounts receivable of depariment stores were | made at a lower rate d June, ! 1937, than during June, 1936, and May this year, acc. to an announce- | ment today b au of Foreig and Domestic Commerce. The de- crease from May t} ar was largely seasonal in character The decrease from June a year ago, however may be accounted for in part | by the fac at soldiers’ bonus pay- | ment occurred in June, 1936. This de- cline represents the second time since early in 1934 that the collection ratio on these accounts for any one month has been lower than the ratio for the corresponding month of the previous year. The previous decline was ren- dered for February, 1937. Bankers Off on Vacations. James A. Reilly, president of the Becond National Bank, left Wash- ington this afternoon for a month’s vacation at Rehoboth Beach, Del. C. J. Gockeler, assistant vice presi- dent of the Hamilton National Bank, and member of the board of gover- nors of the Wasnington Stock Ex- change, leaves here tomorrow for a three-week vacation at Ventnor, near Atlantic City, N. J. Alfred H. Lawson, vice president and real estate officer of the Washington Loan & Trust Co., is completing a tour of several weeks in Europe and will be back in the Capital in a few days. Chairman James M. Landis of the Becurities and Exchange Commission, is putting the final tuoches on his work with the commission preparatory to assuming his new position as dean of the Harvard Law School this Fall. Heard in Financial District. Offering is expected about August 24 of $28,900,000 bonds, due 1962, $1,600,000 serial notes and 16,000 shares of 515 per cent preferred stock of the Ohio Public Service Corp. The issues went into registry with the Securities and Exchange Com- mission Wednesday. Voters of 135 municipalities located in 31 States during the month of July approved municipal bonds ag- gregating $10,017,836, as compared with $10,837,843 bonds approved dur- ing June, according to the Daily Bond Buyer. The total for July, 1936, was $9,685,255, compared with $11,383,- 140 in July, 1935, and $1,807,500 in 1934, Brokers here remain . highly op- timistic on the outlook for general business and higher security prices in the Fall. If such a rise does not develop a good many brokers, bank- ers and financial writers will have to @ a lot of explaining. THE EVENING STAR, WASHINGTON, D. C., FRIDAY, AUGUST 6 1937. FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1937 High 174 10415 824 B0t 3375 991, 1313 133 687y 21 11 55% 125% 69 114 804 2% 4% 75% 19% 'y 10% <5614 1141 37 28% Stock and Dividend Rate, « Acme Steel (4) ... Adams Exp (.30g) . 215 Adams-Millis (2) Low. Advance Rumley __ 6413 Air Reduction (la)_ Air-Way El Ap _ Alleghany 2 3 Alleg Steel (1.20g) . len Indus (1) Allied Chem (6) Allied Mills (2g) __ Allied Stores (.20a) Allis-Chalmers (1) Alpha Portland (1). Amerada (2) g Am Az Ch Del 215g_ Am Bank Note % g Am Brake Sh(1%g) Am Can (4a) 5 Am Can pf (7) Am Car & F pf (4g). Am Chain & C(%g). 57% 9014 ]')"'z s Sug pf(6). ncaustic Til__ ‘oreign Pow _ : For Pw §7 pf Am-Hawaiian § (1) Am Hide & Leath Am Hide & L pf (3). Am Home Pr (2.40). Am lce AmIce pf (1g) Am Locomotive Am Loco pf Am M & Fdy (%g) - Am M & Met (.45g). Am Metal (3g) __. Am Pow & Lt AmP &L $5 pf (5)- Am P & L $6 pf (6) Am Rad & St S(.60) Am Roll Mill(1.10g) Am Seating (%8) .- Am Shipbldg (2a)__ Am Smit & R(2%g) Am Smelt pf (7) __. Am St Foun 1.50g . Am Stores (1%&).— Am Sugar Ref (2)__ Am Sugar pf (7) ... Am Sumatra (1a)__ Am Tel & Tel (9) Am Tobacco (5) Am Tobacco B (5)_. Am Tob pf (6) . Am Type Fdrs Am Wat Wks (.60g) Am Wonlen &Ld prp Anacon Anchor Cap (.30g) - Arch-Dan M (1g) _ Armour Del pf (7). \Hnnm 11 (5. Arm I11 pr pf (6) __ Armowr 11 pf (7) - ¥ & Ck (1.508) - Arnold Const (%g). Artloom Asso l‘ns AtchT&SF ( g)A. Atchison pf (5) Atlantic Coast Line. Atl Gulf&W Ind pt_ Atlantic Refin (1)__ Atlas Corp (.80) Atlas Corp pf (3) Atlas Powder Auburn Auto Austin Nichols_ Aviation Corp - Baldwin Loco (r) _ Baldwin Loc asd(r) Balto & Ohio . Ralto & Ohio pf ___ g & Ar (21) ber Co (148)- Barker Bros _ Barnsdall (1) _____ Bayuk Cigar l"gg)- Bendix Aviat Benef Ln ( : Best & Co Bethlehm § Beth St15% pf (1) - Black & Deck (%48) Blaw-Knox (.458) . Bloomingdale .858. Boeing Airpl __. Bohn Alum (3) + Bon Ami A (3g)_ Bon Ami B (1%8)-- + Borden (1.60) Borg-Warner (2 Boston & Maine Bridgeport Br 40g_. Brigss Mfg (1 ) Briggs & Strat (3)_. Bristol-My (2.10a) _ Budd Mfg Budd Mfg pf s Budd Wheel (.20g) - Bullard Co (1) : Bulova Watch (4a) Burlington Mills(1) Burr Ad Mch(.65g)- Bush Term (r) Butler Bros (.60) ___ Butler Bros pf(134) + Butte Copper & Z__ Byers Co.__ Byers Copt mrr.n Jack ((1g) Callahan Z-La _ Calumet & H (% g)- Campbell Wy (1) Canada Dry G Ale_. Canadian Pacific___ Caro C &o st (5) Carriers & Gen .10g 4 ase (J 1) Case (J I) pf (7) Caterpillar Trac(2) Celanese (11:g) “elotex (.80g) Central Fdy = Central RRNJ ___ Central Violeta Sug Cerro de Pasco (4) : Certain-teed 4 Certain-teed 6% pf Champ P & F pf (6) Checker Cab Mfg _ Ches Corp (3) : Ches & Ohio (2.808) Chi & East Ill pf(r) Chi Mail Or (1 Chi M St P&P Chi&N W (r) _ Chi & N W pf (r)_. Chi Pneu Tool Chi Pneu T cv pf(3) CRI&P6% pt (r). CRI&P7% pt (r). Chi Yell Cab(1%g)- Childs Co _ Chrysler (7g) _ City Ice & F (2) City Investing (2g)- City Stores _ - Clark Equip (1.60)_ Clev El Illu pf(41) Clev Graph Br (1g). i Cluett Peabody (1). Coca-Cola (3) __ Colgate-Palm (1% Collins & Ak (2a) __ Colo Fuel & Ir (1g) Colo & South . _ % Colo & South 1st pf. 5 Col Bracstg A .40g_ Colum G&E (.208) _. Col G&E pf A (6) 111 Col Carbon (4a) ___. 56% Comcl Credit (4) .o 100 Comecl Cred pf 4% . 631% Comcl Invest Tr(4). 13 Comel Solv (.60) . 2 Comwlth & Sou 46 Com & Sou pf (3)_. 11t Conde Nast._...___. 34 Congoleum-Na (2)_. 97 Consol Cigar 31% Consol Edi (1.50g) 9915 Consol Edis pf (5)_ 2% Consol Film _ 141 Comsol Oil (.80a) 104% Cons Ol pf (5) _ 4% Consol RR Cuba pf. 8 Consol Textile_ 814 Consol Coal 33 Consol Coal pf_ 20% Container (1.20)_ 184 Contl Baking A. 21 Contl Baking B 81 Contl Baking pf(8)_ 50 Contl Can (3) 18% Contl Diam Fib(1g) 35% Contl Ins (1.60a) 2 Coptl Motor 393, Contl Oil(Del)1%g. 61% Corn Exchange (3)- 547 Corn Prod (3) _. 153 Corn Prod pf (7) 6 Coty - 40 Crane Co 100% Crane Co cv pf (5 28% Cream Wheat 14§ 184% Orolll:j Radio_.. By Private Wire Dirsct to The Star. Add 00. High. N Low. Close. 828, 83 184 241y 33 83% 1815 247 33 21 1813 24‘h o';;-:-—»s< woaned v ECTOTOTe YO NOPNeE 4 ) 3 © & - 0 33 00 = 393 1 50 1 33 e 50 i i N D e D SO B (S0 D B LI A G i D |42 §F 00 1 e e i s EEsEE & I+: +i+000 01 FEL FSF ® S |58 i o RIS PSP 1 S IO apy E3 2 e 2Fa L+ + Ll++++11 15% 18% 28% 13% 92 1224 63% 107% +2% 66 4 -% 2% — % 56% —13 11% — 4% 37 - % 21% — % 12 36% — % 103% 3 16% 104 -1 6% + % S — W 10% + % 43 41% 29% — 1 24% 34 9K — Y% 574 -1 19% + 38% — 2% + 47 52\4 + 159% +l‘6 % — % W % % W ’A 2 159% 159% 15 8 T 85 51% 49% 50 1113 113 113 1 29% 20% 29% — 4% 3 19% 19% 19% -r Prev. 1937 High, Low. 100% 68 25% 16% 81% 51 4% 7% 127 1097 109's 71 8% b Stock and Bales— Dividend Rate. Add 00. High. Crown Cork (2)---. 8 8214 Crown Zeller 20% Crucible Steel _ 11 Cuban-Am Sugar 9 Cub-Am S pf (10k)_ 110 Curtis Pub pf (1) 4% Curtiss-Wright 6 Curtiss-Wright A » Cutler-Ham (1g) Davega St pf (1%)_ Deisal-Wem-G (1) Del & Hud Del Lack & W Diamond Mat ( Diam Mat pf(134a)- '« Diam T Mot (}%g)-. & Dist Corp-Seag .. Dist C-S pf ww (5) . Doehler Die C (1g) - 4 Dome Mines (2a) Dominion Strs Douglas Aircraft Dow Chem (2.60g) Dresser A (3e) 2 Dresser B (le)_ Dunhill Intl ______ Du Pont de N(2% g) Duquesne 1st pf(5). Fastern Roll 197 T4 1874 20% 36% 1% 159% 55 39% 8% 1804 115% 1 Paso N Gs(1.60)_ lec Auto Lt 1.40g . lec Boat Ilec & Mus (.18¢) _ Elec Pow & Lt Klec P& L $6 pf_ Elec P & L pf Elec Stor Bat (2) ng Public Service. quit Oft Bldg_ rie R R ie 1st pf _ vans Prod (1) Fairbanks Co. Fairbanks pt 3 Fairbanks Mr: Fajardo Sugar(3g) Federal Lt & Trac.. Fed Motor (.10g) Federal Wat Sve A. Fid Phoenix(1.60a). Firestone (114g) __ First Nat Strs(2%) Flintkote (1) Follansbee Bros . Food Machine (1a) . Food Mach pf (413) 5 Foster Wheeler __ Freeport Sul (1g) - Fuller 2d pf._ Gabriel A -,urt!\uhcrl)v Gamewell L mett ev pf (6) iar Wood Ind (% g) Gen Am Inv 2 Gen Am Inv pf (6) . Gen Baking (.60) l?ml Bronze __ Gen Mills Gen Motors (214g) - Gen Mot pf (5) en Out Adv Gen Pub Gen Ry Gen Real & Util Gen Refract (2h) _ Gen Stl Castpf ___. ien Thea 12q (128) - en Time In (1a) illette (15g) ___ Gimbel Bros Gimbel Bros pf (6) - Glidden Co (2a)____ Gobel Adolf Goebel Brew (20a)_ Gold Stock Tel (6) Goodrieh (%8) ____ Goodrich pf (5 Goodyear T&R (1g) Gotham Silk H Graham-Paige Granby Consol Grand Union __ Granite Cit Stl1 (1) . 4 Grant (WT) (1.40a) Great Nor Ry pf __ Grt Nor Ore ct(%g) Grt Wst Sug(2.40a) Gt West Sug pf(7) _ 7'4 Green (HL) (1.60a) Greyhound (.80) Greyhound pf (.5 Gulf Mob & Nor pf. Hall Print._ '~ Hamilton W (1.2 Hanna $5 pf (5) Harb-Walk (1.50g) - Hat Corp pf (612) -~ Haves Body Hecker Prod (.60a) Hercules Mot (1) __. Holland F (1g) __ Holland F pf (5) Hollander (1) Holly Suzar pf ( Homestake (.75g) - Houd-Her B (112 Houston Ofl Howe Sound (3a)_ Hudson & Man Hudson & Man pf_ 4« Hudson Motor_ Hupp Motor. Illinols Central 111 Cent LL (4) _ Ind Rayon (2)__ Ingersol Rand(3g).x Inland Steel (4a) . Inspiration Copper_ Insuranshar (.102). Interch Corp pf(6)_ Intercont]l Rubber_. Interlake Iron..._.. Intl Agricul __ 2 Intl Bus Mach (6a) Intl Harvestr (2} Intl Hydro-Elec A . Int Mer Marine Intl Mining (.30=) . Intl Nickel (1.508) Intl Paper & Pw A Intl Paper & Pw B_. Intl Paper & Pw C . Intl Paper & Pw pf_ i3 Intl Ry Cent Am Int Salt (1%2) Intl Silver._ Intl Silver pf (6k) Intl Tel & Tel - Interst Dep S 2%g_. Island Crk Coal (2). Jewel Tea (4) Johns-Manville (3). Jones & L pf (315k) Kansas City Sou. Kayser (J) (1g) . Kelsey-Hayes A_ 109'% 101 Kendall pf (3a) 51 Kennecott (28) 37% Kimberly-Clark (1) 44 Kinney (GR) pf. 3114 Kinney pr pf. 20% Kresge (S S) .90g __ 31% Kress (S H) (1.60)_ 18 Kroger Groc (1.60). 2314 Laclede Gas pf. 18% Lambert (2) 12 Lane Bryant(%g)- 17 LeeRub&T (1g) - 15 Lehigh Valley.Coal. 8% Lehigh Val Coal pf. 1314 Lehigh Valley R R 36 Lehman Corp (1a)._. 40 Lerner Stores (2a) - 58% Lib-Ow-Glass (3g)- 9% Libby McN & Lib_.. 93 Ligg & Myers (4a)_. 94% Liggett & M B (4a). 23% 18% Lily Tul Cup (1%)- 831 59 Lima Loco (18)-. 61 51% Link Belt (2) - 26% 25% Liquid Carb (2. 85% 64% Loew’s Inc (6g)--—- 3% 1 - 75% b50% Lone Star Cem (3) 10% 5% Long-Bell A___ 20 Lorillard (P) (1.20) u'ls. 127 Lorillard pf (7) - 28% 19% Louisv GEE A 1% _. 99 824 Louisv & Nash(5g)- 41% 29% Ludlum Steel (1) 36 30% MacAnd & F (2a)_. 36 21 McCall (2)_ 244 14% McCrory Strs . 541 40% McGraw Elec (2) 42% 32% Mclntyre Porc (2) 42% 31% McKeesport T (2)_. 12% McKesson & Rob _. 42% McKess & R pf (3) 12% McLellan Strs(%g) 40% Mack Trucks (1) 44 Macy (RH) (2a) 10% Mad Sq Gar (1.158). 42 Magma Cop (1%8)~ 3% Manati Sugar (r)- 3% Maracaibo Ofl_ 9% Marine Midl (.40a). 1% Market StRy. . 2% Market 8t Ry 2d pf. 19 Market St Ry pr pf. ) S > S oto R e R n e Damme S e ® [ 136 2T% 23% 12% 114 b= TR VY ol P P, o ™M 3 = NN R RN DN D~ NW - WS DD S Net Low. Close. chge 814 Bl —1% 20 7% 8y 110 23 3 19% 74% 187 20%, 361 15% 2% 331 163 20 1'% 83 110 +lEl++11+1+)+ =% - % -1 -1 VEHl++++ + sREFEsss Fsss | A = ¥ FFESFES S ® F& Prev. 1937 Stock and High, Low. _ Dividend Rate 39 Marlin Rock (2) 187% Marshal Field_. 19'% Martin (Glen) 4815 Masonite (1a) 32% Math Alkali (13) _ 511 May Dept Strs (3a) Maytag 1 M d Corp (1g) Melville Shoe (5)_. 4 Mengel Mesta Mach (2%g)- Miami Copper Mid-Cont Pet ( Mlidland Steel (2) Midland St1 1 pf(8). Minn-Hon Reg (3)_ Minn-Mol Imp __ Mission Corp (1g) . Mo-Kan-T Mo-Kan-Tex pf Mohawk Crp(1.20a) Monsanto Ch 1 Montzom Ward(2a) Morris & Esx um. Mother Lode Motor Prod (1%g) - 2 Motor Wheel (1.60). Mueller Brass (1a)- Murray Corp Myers & Bro (2g h-Kelv (1) Natl Acme (4 g) Natl Aviation 2 tl Biscuit (1.60) Bales— Add 00. Natl Dairy P (1.20) Natl Dairy PpfB(T) Natl Dept Strs Natl Dept S 1 Distill ( 11 Gypsum atl Lead (%) at Mal&Stl C(1g) - 1 Pw & Lt (.60) tlSteel (148 ewport Ind (1%;) N Y Central ¢ Chi & St Louf \ Y C Omnibus N'Y Dock N Y Dock pt 3208 1008 108 H&H (r) H & Hpf (r). Norfolk & W North Am A North Am ¢ 60z) North Am pf Northern Cent (4) Northern Pacific_ .. Norwalk T & R. Ohio Ol (13 Oliver Farm _ Omnibus Omnibus pf (3) Otis Elevator .80g Otis Steel — Otis Stl1st pf51s Owens-TI1 Gl 1% g _ Pac Am Fish (1.20). 5S¢ Coast o Coast 24 r\’ Vac Tel & Tel (5) Pac West Ofl (.63¢) Packard Mot (. ine pf (1) Paramount Plct Taramount 1 pf (6) Paramount 2 pf (.60} Park Utah Parker Rust-Pr 113 Parmelee Trans _ Pathe Film Patino Mines Peerless Corp Penney (JC) ( Petro Corp (.40g) Pfeiffer Brew (.60g) Phelps Dodze 1% 2 Phila Rap Trans pt PhilaRead C& 1 __ Philip Moris(3%g)- Phillips Pet (2a) - Pierce Oil pf _ _ Pills Flour (1.60 Pitts Screw (.30 Pitts United . Pitts & W Vn__.__ % Plymouth Oil (.708) Poor & Co B Procter & Pub Pub Pullman (1% Pure Oil e 0i16% pf (6). 21 Oil pf (8) ty Bak (.45 dio Corp ading Co (2) ading 1st pf ( is& Co S & Co 1st pf - Rem R pf ww (433). Reo Motor - Republic Steel p Stlev pf (3k) - Revere Copper & B_ Reynolds Met (1) § Met rts Augl2. 2 Revnolds Spr (1) Reynolds Tob B (3) Ruberoid (.60) _ Safeway Strs (2) tJoseph Lead(2a) an Frn pf (r) chenley Distill(3). chenley pf (5 chulte Ret (r) Schulte Retpf Scott Paper (1.058). Seaboard Air L (r) Seaboard A L pf (r) Seaboard Oil (1) Sears Roeb (3) Servel Corp (1a) Sharon St1 pf (5) -~ Sharp & Dohme Shattuck FG (.60)__ Sheaffer Pen (134 g) hell Union (%g)-- Shell Un pf (5%) Silver King (.65g) 3% Simms Petroleum 42 Skelly Oil (.50g) 102% 982 Skelly Oil pf (6) High. mw Close, chge. 44 263 2314 1095 Net | Prev.1937 High, Low. 120 96 217 16% 3l 2214 40% 24 37% 614 60 44 +1y 26 26% — MW 23% b4y 3613 6 Sou Am G Sou Cal 1 Sou Paci Sparks W nd Br Stand O 42 Stand Oi Stand Ol Sterling Stewart- R Superhe perio Sutherla 0 Swift In ymingt Symingt Tale pte Texa Texa Tex Pac Tex Pac Thermoi Tide-Wa Timken- Transan Truax-Ti 20th Cen nderwe nOilo 'n Pacific (6) n Pacifi Stock and Dividend Rate, Sloss-Sheflield pf(6; Smith (A O) Socony V. Southern Ry Southern Ry pf_. Spalding Superior Brles— Add 00. High, Low. Close. chn 40s 105 105 105 S 2 34% 34U 344 — % ac 508) 122 22% 220 — % G&P (.10g) 7 3 37 dis (13za) 243, 241 — fic._ 4R 30 Vith Spen-Kell (1.60a)_ Dicer pf A (3)_ piegel Inc (%g) _. rands (.80) 1 Calif (1a) 11nd (1a) .. INJ (1a) . Prod(3.80), -Warn(%a) Stone & Web Studebaker Sun Oil (1a) . 4 Sun Oil pf (6) « Sunshine Mng ter (1.758 Oil eel Z nd P(1.60). SWift & Co (1.20) __. t(2) on ww on xw pt ( Tenn Corp (Y% g) Tex Gulf Sul (2a) Tex & P’ac Ry Land Tr__ da Thompson Pr(.50g). Thompson-Star ter As(la). Tide-W As pf (412). Det Ax(Ze) 1erica new ¢ West Air _ STOCKS GO DOWN IN LATE SELLING Leaders Decline Fractions to 2 Points—Few Show Larger Setbacks. Stock Averages Inmu F.‘aus Ln‘ —5 —5 2 38.7 39.2 406 40.8 495 36.1 435 Net change._ Today, close 974 Prev. day . 979 Month ago. 937 431 433 422 526 54.0 39.1 537 434 239 53918431 953 618 618 (Compiled by the Associated Press.) BY VICTOR EUBANK, NEW YORK, August 6 —Late s ing 1n today's stock market knocked down leaders fractions to 2 points, There were a few wider sk‘lbn(x Pivotal steels, rails, lities, farm implements and rubbers were among the principal sufferers. At the same time offerings were far from volur nous Selected mining issues and speciale ties managed to buck the trend. R ing metal prices both here and ab: stimulated the former an dactua prospective company profits bro: support for the latter There was little in the news tc spire liguidation, brokers said notably inability of the market's raer (80) unwm pL1%e Twin City pf (TK) od (17,5) n Baz & P (2) s (2.408) f Cal (.858). pf (4) n Tank Car (1.60) nit Aireraft (13g) “nit Air Lines nit Biscut ‘nit Car “nit Cor e (T)- bon (4) » Init Corp pf (3)_ ‘nit Dru nit F 18 (leg)- “nit Eng&Fy 1.50g. ‘nit Fru ‘nit Ga ‘nit G it (3 Imp (1) s Imp pf (5 ‘nit "aperbd (.3 Dist Frei Gyp: Hoff rib pf eht (1%e)_ sum (2) man Mach_ +1 Indus Alco._ Sme Stee Unit Sto Unit Sto; + = -1 T + A 1ItR (6g)__ % ! - -1 Ipfi(ye s ckyds (12)- res A Univ Leaf T pt (8)_ Ul P & Vadsco LtA (r)._. Vanadium Steel Van Raalte (1% Va-Caro Va-Caro Va Ir Co: Wabash Wabash Waldorf Walgree {0 O AR o 617 423 Warner 1017 0 \\ arner- 54 ren 2002 201y 3 \ 1kes! 101 Wayne | 109% 140, 100 69 Sl o1 1001, 14% 10°, 147 West Pe 2 W Penn West Un Westvac Wheel & Wheel § Wheel § Vick Chemical (2a). Chem __ 6 pf(11 ) Va El & Pwr pf(6)_ al & Coke __ Ry (r) _ nf Sy n(2)_ Walworth Ward Baking B Bros Pict__ Quin (r) Fdy &P (2a) a Mot (1a) >ump (132) nn E1pf (6) P 6% pfi6) West Auto Sup 1.60 tern Pac tern Pac pf nion Tel (3). Westinghse Air (1) Westhse EI& M3g) x o Chl (1) L E pf Wheeling Stl tipf2isk pf ret White Motor _ White Sew M pt Wilcox Ol & Gas » Wilson & Co (12) Woolwo Worthin Worthin Wor P& Wor P Wrigley Young § Zonite P 11:09 A.M. 1:00 P.M. bursements based on YEx divtdend. last year. { Pavable year. hCash or sto clarsd this vear. 1% % 100% Yellow Truck Youngstn S&T 1328 Zenith Radio(1Y Total Sales for the day. s Unit of trading 10 shares. TIn bankruptcy or rceivership. or being reorganized under bankrupicy act. or securities assumed by such compantes. Rates of dividends 1n the foregoing table are annual di rth (2.40) - gton Pump Stonpf A __ 2 MpfAstp- Ir (3a) 015 293 36% 54 pring (3) 12 rod Approximate Sales of ‘lucks on thr N. Y. Stock Exchange. 180,000 410000 2:00 P.M. 680,000 the last quarterly or semi-annual declar: gnless otherwise noted. special or extra dividends are not xr EX rights. 8 Also extra or extra In ‘stock. & Decl b cl ciared of Baja ss 1af thia T paid so far k Accumulated dividend paid or de- Auto Production Drops to 79,736 Level for Week By the Associated Press. DETROIT, August 6.—Ward's Au- tomotive Reports said today that out- put of the motor car assembly plants this week would be 79,736 units, com- pared with last week’s 86,403. It attributed the decline primarily to the suspension of production at the Plymouth Detroit plant on Wednesday, due to labor difficulties, but predicted a temporary rise to around 100,000 cars when Ford plants resume as- semblies next week. Production for the week ended Au- gust 8, 1936, was placed by Ward's at 84,153 units. RAND GETS $118,771 DURING FISCAL YEAR By the Associated Press. Remington Rand, Inc., reported to the Securities Commission yesterday it paid its president, James H. Rand, jr., $118,771 during the company’s fiscal year ended last March 31. Rand received $107,033 for the previ- ous 12 months. _— JULY FLOUR OUTPUT WELL BELOW YEAR AGO By the Associated Press. NEW YORK, August 6.—July flour production of mills accounting 65 per cent of the Nation's output totaled 5,483,099 barrels, against 6,259,376 in July, 1936, General Mills reported. NEW YORK COTTON Bs the Associated Press. NEW YORK, August 6.—An early advance today in cotton futures was followed by a reaction and price changes were feverish. Traders were completely puzzled over what to ex- pect in Washington on the question of commodity loans and farm legis- lation. There was further evening up for the official crop estimate Monday. Quick reactions suggested a weaker technical position. December declined from an early high of 1101 to 10.86 and at the beginning of the last hour sold at 10.86. Prices generally were 9 to 19 points net lower. Futures closed barely steady, ower Hin, low, 7 to 16 October December January March May Cottonseed Oil. Bleachable cottonseed oil futures closed barely steady, unchanged to 8 lower; sales, 104 contracts, including 8 switches: September, 8.35b; Octo- ber, 8.28; January, 8.32; March, 8.35. b—Bid. New Orleans Prices. NEW ORLEANS, August 6 (#).—Cotton Wwas gquiet, y and first transactionis were unchanged on_October and 1 to 2 points down on other positions, due “to fiuhflyfl Jower Liverpool cables. re was a little hedge selling o d_at 1093, December at Marcn, 11,08 bid; .14, and July. 11.15. " After easing W lnu lddlllanll near months _ral- fied and toward the end of the first hour prices were unchanged to 1 point lower, compared with the previous close. Cottonseed oll opened, steady, Septem- cember, 84;, March, 7.86b. AMERICAN AIRLINES REPORTS NEW RECORDS By the Associated Press. NEW YORK, August 6.—American Airlines, Inc, in July carried 33,333 paid passengers and flew 13,078,082 miles, both new monthly records, C. R. Smith, president, announced. The new passenger mark represent- ed a gain of 7.9 per cent over June, the previous high, and a rise of 24.4 | per cent over July, 1936. The new peak in passenger miles flown was 4.7 per cent above the previous peak set in the preceding month and 34.3 per cent above July of last year. —_— MORE STOCK PLANNED BY VICTOR CHEMICAL By the Associated Press. NEW YORK, August 6.—August Kochs, president of Victor Chemical ‘Works, Chicago, announced the com- pany expegted to file this week with the Securities and Exchange Commis- sion a registration statement cover- ing 696,000 shares of common stock. This amount of stock will be out- standing upon completion of a public offering of 150,000 shares, of which 75,000 shares will be for the account of the company and an equal amount to be acquired from present stock- holders. From the proceeds the company will use approximately $1,000,000 for cost of property and construction of a new chemical plant at Mount Pleas- ant, Tenn. N The government of Austria is trying r eliminate all radio interference. * | session whethers to make headway 1 past few sessions tended to disc | trading forces, Transfers | shares. Buoying the mines | export copper to a new move. Steel scrap pushed higher. following yesterd: export copper around pound, thoughts of a boost | domestic rate of 14 cents were rev | Most producers, though, believed t | reasoning was premature Prominent on the retreat shares of United States Steel, Be: | hem. Santa Fe, New York Cen Southern Pacific, Southern Railw | American Locomotive, United States Montgomery Ward, J. T 3 onal Harvester. West orth American, Electric Powe American Water Work: American Can, Westingho A D) ‘Pflm Douglas Aircraft, Standard Oil | of New Jersey and Allis Chalmers. | General Motors and Chrysler were narrow. On the upside most of the were Anaconda, Kennecott St. Joseph Lead, Am an Metal, American Sme! g, tional Steel, | Hercules Motors, Macy, Pullman, Na- | tional Supply. American Telephone, American Woolen, Continental Mo- tors, American Radiator, Radio, American Crystal Sugar and United Electric Coal. approximated 700.008 was high for T Union, & Lig CHICAGO GRAIN By the Associated Press CHICAGO August 6—Late tumbles carried the Chicago wheat market down today more than 3!, cents a bushel, following 4% cents drop af Winnipeg. Increased selling of futures agail newly-harvested domestic wheat was g 'foaturv. together with lack of any ex port business of consequence either i | United States or Canadian wheat | There were also indications of co! | belt rains where needed. t the close wheat was 214 yesterday's fi ! 3-7c; December, 113-1.13', | corn. 11, off to “ up: September 100 4 December, 667.-3;. anc « down BELLIES | sep. 1 17.05 Chicago Cash Market. | Cash wheat, No. 2 red, 118: No. 1 dark, hard, 1.20%: No. 2 hard, 1.1734« 1914: No. 3 mixed, 1.10':-11%; corn No. 2 vellow, 1.15; No. 2 white, 116 oats, No. 1 mixed. 31' white, 311:-32',: rye. No. 2. 8§ barley, Ne. 3 Illinois. 80: feed. 4 nominal: malting, 60-82. nomin timothy seed, 2.75-80 hundredweigh Baltimore Quotations PALTIMORE. Au red Winter. g 17: August. i.17 Wheat, No, POt dome: Winniper Prices. Wi WINNIPEG. August 6 & —Grain rangs Prev, Close, close 23 1.28-28 High. Low 3p 1.2333 1 Qctober _ December May OATS— October___ W. T. GRANT VOLUME CLIMBS 8.9 PER CENT By the Associated Press NEW YORK, August Grant Co. reported July taled $7,705,689, an increase of 892 per cent over $7,074,668 in the same month last year. Sales for the first seven months of the year were $50.« 815,637, an increase of 4.06 per cenf over the like period of 1936. PLANS STOCK INCREASE. NEW YORK, August 6 (#).—Allen Industries, Inc.,, manufacturer of cote ton products for the auto industry with principal plant at Detroit, has nctified the New York Stock Exchange of a proposed increase in authorized capital stock by creation of either 40,000 shares of preferred stock of $25 par value or 10,000 shares of preferred of $100 par value. ASSETS SHOW DECLINE. NEW YORK, August 6.—American| General Corp., an investing company, for the six months ended June 30 reports net assets equivaient to $13.62| a share of common stock, against $16.11 a share on December 31, 1936, and $12.31 a share on June 30, 1936. —_— Liquid Carbonic Corp.—Common| share earnings, nine months ended| June 30, were $1.50, against 87 cents. 4