Evening Star Newspaper, August 6, 1937, Page 15

FINANCIAL CORD SHARES UP ONCURB MARKET Score Fractional Gain on Reports of Deal for Shift in Holdings. By the Associated Press NEW YORK. August 6 () —Hold- | Am Gen Ing & fractional pain in late trading, Cord Corp. shar pace on the C: the market re: was about to be of E. L. Cords 0. ned for the sale holdings to a Wall Street syn e. Cord shares sold as high as 5. Elsewhere move Some activ developed shares on reports of bri metals, includ Hecla, Hud were in mixed. mining and copper. v Mining, Eagle Picher and Consolidated Cmmr picked | up fractional to a poi Also a little higher Gas & Electric, Te Bower. Small losses were recorded Gas, American Cyanamid “B, E‘(("l.u and Niagara Hi New Bdll‘\ Firm To Be Organized By Equity Corp. By the Associated Press NEW YORK. August 6.—Equity Corp., an investment trust, and the Ameri- | can General Corp.. its subsidiary, have formed an investment ban\mL firm | known as the First York Corp., which will participate 1n ot hort-term financing, jand reorganizations. The stock of First wned by the two ‘The formati of the estment banking firm was made known in the eport to shareholders made by David M. Milton. president of American Gen- eral, who is the son-in-law of John D. | [Rockefeller, | With its par ng issues, t fon will mea business of the recapi York is entir investment trust Yo organiza- & consolidation in the Lwo investment trust: OLD IMPORTS DECLINE THE EVENING NEW YORK CURB MARKE By private wire direct to the Star. Stockand Sales— Dividend Rate. Add 00. Air Devices Alum Co Am Alum Ind (.40) \ n Adrlines Bd( Am Capital ACP&L ww ACP&L B(30g) Am Cyan B (.60) . Ar n P war, M(1.40) High. Low. Close. 2 2% 2y 24 152 151'2 1511 % T T 2513 25% 2015 # 36 4% 344 24y 34 | A | Am Ma nd for | i | Bridgpt Ma(} writings, | SHARPLY DURING WEEK | the Assoctate Gold mpc ! during the week ended v The Commerce De loday this figlire com P63.446 n the pres Silver imports v $704.07 d $891.050 for the respective weeks. Bold and silver exports were negligible 23.962,582 30. ment said d with $33,- week e set ious MANATI VOTE ASKED. NEW YOR 1gust 6 (P).—At a fpecial meeting August 25, stockhold- rs of Manati Sugar Co. will be asked o authorize reduction of capital stock nd approve issuance of new shares n accordance with the plan of reor- ganization recently confirmed in court CURB BONDS DOMESTIC BONDS entral Pw. ént Pw ent St El n St P&L i D1 El 4 hi Mid&TI GOSN hi Rys cod in Str R 5028 52 A Pities Sve 50 ities Sve 5s 't Fities S Gas 5.5 it S P & L 5t omw Ed 41,5 omw_Ed_4s fom Pb v s omun’ty P & L fon GEL&P 3! 11 56 C 112 ey Y As fmp Dis El_5 mp O & R 5 irest Tire lorida P & L pary E&G 55 patinean Pw en Bronze pen Pb U 11,5 en W WE 55 eoreia Pw O eorgia P&L Plen Alder 14 st xw ndian & M E ndian E C ntl P Sec ( nterst Pw nterst Pw owa-N L&P owa-N L&P 5 owa_Pub Sv Br C P&L 4 y Util 5s entucky U 5 ehigh P S 65 10012 100 | Copperwdstl(2)_ | Cord Corp | Dayton Ltub | Dubil | Elect Share i Fisk Rub | Fox (P) Br (1a) - Y 1 Hartman Tob % 1nxu 103% | Hecla Min (.70g)- ";‘v Heyvden Chem (2) a5 b IALN‘:LFG;\ 5 Q) < 45 xw - c P& L bs enn C L&P 4125 penn EI 45 71 F 600 GL&C 45 '81 hila 71 P Blas 73 ortiand G&C bs otomac E 4135 '61 otomac E 5s5 'Ka ub & No Il b5 66 8 NT4vs w0 1001 1001 RO3, 3 5 and Puw & Lt 65 ‘87 rret orp As 80 per of 1 enn El Pw xas Elec in C R T 5 flen & Co 6s 4% Pnit Lt & Pw Bs boit £'ar X s fcest T Ut 5s I Wie-Min L& % PR FOREIGN. 108 100 0315 a; 106 106 penm Mt B 5 Per Con Mun s ‘47 ed Bl 65 80 A 0 de Jan 6'as Pnit Ind Corp 65 45 ww—With warrants. Dts. n—New. st (stp) —Stamped. {Regotiability impaired by maturit Companies reported in receivership, 28" B Xw—-Without war- METAL MARKET. NEW YORK. August (#.—Copper .Id’v electmly&lc spot and future. 14.00; 14827, Tip steady: spot and 6214; future. 60.00-80.12 6.50-6. ot X Zing flnY Eas 0 |l spot_and future, 7.25. ron, uu gatimony. auicksilver. platinim and Roclife Uncharized. Ay q{ A | I Ja Pdivet | Inter Rad (.85g)_ | Kirby Pet | Lake Sh M (4a) .. A G & Epf (6). 758 109% 10% 27 19 27 48 1% 51 1% 5% T ™ 109 10% 27 18% 27 48 1% Arnl aun M (XU) L&T(1.20a) ALt Pl v M ) ) 1 508 1 Powel Wupp (.2 Ark Nat Gas Kk Nat Gas A AtCst Fish(35g) Atlas Corp war _ Atlas Ply (1%g Austin Silver M_. Automat Prod __ to V' Ma(iga)_ Axton Fis A 1d Bond rt (r)- ddwin Rub 30 Bardstown Dis__ Parium Sta Stl Beech Aire Bell Aire Be v Furn_ i F war Bickfords (1.20) s&1 tue Ridge ( Bl Rid cv pf Bow R Bear (1g) Brewster Aero | Brown Co pt Hrown I Dist ve PL(3g) BN & E P pf 160 BN&EP 1 pf(5) Buk Hl & S(112) Bur Ltd (.1 ab & Wire B | an Hydro K “an Ind Ale A an Marc Wire 2 2t | ap City Pri4sg) 2 rib Syn (138)- arnation (1) arnegie Met_ arrier Corp.. atalin Am ‘elanese Ipf(7a) en H G&E(80) on & Sw Lt Rucke en StUEevpfn . en SUELS% pf en Sta 1T % pf hi klex Shft (4) h Riv&A (30g) “hilds pf ities Service __ ‘it Serv pf it Auto MY &SubH 3 aude Neon Lt leve T = ‘lichfield Coal lub Al Uten “olon Develop ol Fuel&l war ColtslatF (1 Colum 0 & G Comwith Ed (5) Comlth & So war. Cons Risc (.60) Cons Cop Min Con G&E B(3.60) Cons Gas Util Cons M&S 1508 . Cons Steel Corp_. Cont Roll & Stl Cooper-Bess Copper Range 0g) ) (& « G G G G G « C; « « Ci {C . (e] € « « « « « « « el C| « C] « C aE). > = ° ) s E D NI e N D Bt 13 Bt 1D 11t i 1O 8 2 33 ik Corroon & Rey Cosden Petro ___ Creole Pet (15g)_ Croft Brewing__. Crown C Pet Cuban Tobac! Curtis Mfg Cusi Mex Darby Pt (14) 1% % | | 1214 24 6% B 88 | 174 404 Dennison M1 pf Derby Oil Der Oil pf (2 I t I Mich Stove Det Pap Pd (1) - Det St Pr (3x) . Dom St & Coal Dougla Drapes Driy 12| B2 | 10 B & 225 | ol 49 62 | 3t 9 213 191 | 315 6 Duro T pr pr ’,‘) Sta Corp Wash MB (13 ler Kl (3 31 Bond & Sh Il BA&Sh pr(6) Pow As (. 2&) %BL)... lectrol vie uity Corp _. ans Wallo ans Wallow pt ell-0 C(.40g) Fansteel Metal _. Ferro Enam (%g) Fidelio Brew____ Cl=TOr o Ford M Can A (1) Fd M Ltd(.213g) - 0w BT Frankl Ray FroedtGevpf1.20 Gen Alloys = Gen El Ltd .643g - Gen Firepfg 558 Gen Invest _ Gen T & Rub _ _. Glen Alden (%g). Gorham Inc (A) Gorham vte 2.25g Grand Nat Films GrRapV (1) _ . Gt A& 15t pf(7) Gulf Ol (tig)___ RO ke 10 2! 15% 20 46'; 11% 8iy 32 83 11 104 31 20% 22% 24 68% 33% 13% % 5% 156% 15 6% 64 6% 1112'% 112% 112% 4% 5 5% By 25! 10812 10814 10814 11 113 11% 12% 124 12% 50 50 4 4% 145 14% 9 9 1 1 291 29% 137 13% 15% 15% n o1 4% 4% 63 63 9% 9% 111 13% 13% 19% 19% 3% 3y 6% 6% 24% 244 122 122 122 ™ TR T Hazeltine (3) _ _ ® Holling G1d(.65a) Hnrn (AC) llud BM&S (¥ r) | Humble Oil (11%4) | Hummel RF .40g. b JOTOUIE., SIS » 0o 1 100s 3 11l Zine (.75g) Imp Oil Can(%a) Ind Serv 6% pf__ 108 Ind Serv 7% pf__. 108 Ins C N Am(2a)_. 1008 Int Hyd-Elec pf_. Inter Vita (13) _. Int Home E(.44). Jacobs Co (14g) . Jeannette Gla ngston Pr(.40) Koppers Co pf(6) Kress(SH)pf .60 Kruger Brew (1a) Lakey Fdvy & M _ Leicoun. Real pt. Lion Oil (1a) Lockheed Aire .. Locke S Ch(.80a) Lone St G (.40g) Long Is Lt _ Long I L pf 'B(G) Long Is L pf(7) .. Ludwig-Baum'n_ Louis L&E(.40) - McWill's D 1.25g. Maj Rad & T-. Mangel Strs_ Master Elec (1)... Mead John (3a)... Merritt-C&S___. ) | Quaker Oats (5)_ | Texon Oil (.60) | Unit Spec (1.40) - i 2 Stockand Suies— Dividend Rate. Add 00. Mer-C&Spf A__ 1758 Mesabi Iron _ 1 Mich Bumper_ MichG &O _ Mid St Pet A vtc. Midwest O (3%g). Molybdenum Monroe L A(.32) - Mont Ward A(7)_ Mount City Cop - Mount Prod (.60) Nat Bellas Hes Nat Contain .7 at Fuel G (1) Nat Oil Prd(.80g) Nat P& Lt pt (6) Nat Rub Mch_. N rvice Nat Service pf Nat Sug Ref (2)_ NavarroOil(.40a) Nehi Corp (1g) estle Le Mur A_ Eng Pow Asso. J Zine (2a) Y Mer (.80a) _ Y P&LE pf (6) . iag Hud Pow __ Niag Hud 1pf(5) iag H 2 pf (5) - iag Hud B war_ 2ShMAB(.15g) Nipi'g Mns(1g)- oma El (.40g) _ or Am Lt&Pow Am R A (1.50g) m Ray B 1%4g or Am Ut Sec__. or Kurop Ofl___ or StP A Nor Tex El pf (r) O Brass B(1%g). Ohio Ol pf (6) - Ohio Pow pf (6)_ Oldetyme Dist . Pac GEE 1pf 114 Pac P&LUpf (7) Pac PubSve . Pac PS1pf130 Pac Tin spl (2a) Pan-Am Air(1) Pantepec Ofl High. Low. Close. oo R D % % 2% 24 2% 8% 8% 8% A% 4h am 9 9 9 9 4 14315 11 6% 2 12% 15 381y T4% 131 % 4 23 6 2 2 3 1 1 508 6 2 1% 81 14 23 1% 58 58 211115 1111% * 10915 110% 3% 31 30 0 614 20 447, 65 STAR, WA PENNEY EARNINGS REACH §7,182, a7l Six Months’ Net Compares With $6,684,603 in Same 1936 Period. By the Associated Press. NEW YORK, August 6.—J. C. Pen- ney Co, large chain-store operators, showed net income for six months ended June 30 of $7,182,571, equal after charges to $2.82 a share of capi- tal stock, against $6,684,603, or $2.71 a share, in the 1936 period. American Home Products. American Home Products and sub- sidiary companies, manufacturers of medicinal preparations, reported net profit, before surtax on undistributed profits, of $1,552,661, equal to $2.09 a share of capital stock, compared with $1,339,749, cr $1.80 a share, in same period last year United States Plywood. United States Plywood Co. reported a net income of $253,470 for the six months ended June 30, equal after provisions for preferred dividends to $1.15 a share on the common. No comparative earnings for 1936 were available. Simms Petroleum. Simms Petroleum Co., in liquidation, and Simms Co. reported a new loss of $11,427 for the six months ended June 30, as against a $16,580 loss for | the first half of 1936. AUGU Changes in Price of Sugar Retail Price of Sugar in the United States 1913-1937 : U. S. Bureau of Labor Statistics Source of Dat FINANCIAL 1913 ‘14 15 '16"'17"18 19 '20 47 TR B W B B TR ‘29 '30 31 32 33 34 35 3% 29 Gt | TEXTILE FIRM GIVEN CHARTER IN VIRGINIA | By the Associated Press. RICHMOND, Va., August 6.—The State Corporation Commission grant- ed a charter yesterday to the Textile Corp. of Petersburg, which listed as officers Herman Ballon of New York | s president, Henry Deschemacher of | Hanover, Pa, as vice president, and ! The proposed concern, incorporated | Curtiss-Wright. ParkbgR&R 80g. Pennroad (}e) _ Pharis T & R .60 _ PhoenixSec ( Pioneer G1d(.40) . Pitney-Bow (.40) Pitts& LE(4148) - Pitts P Gl (4%:%)_ Polaris Mining _. Potrero Sugar Towdrell&A .3 Premier Gld .1 Prod Corp Propper McC (r) Prosperity B Prud Inv pf (6) . U Sec pte pf Pug SAP $6 pf _. & a Red Bank Oil Reed Ro Rit .80 Reit Reli'ce &S 1 ynoids Inv 0GrV Gvte | Root Pet (1) val Type (42). stless [ & S C ey pl2ty 1 Cons erson & H | Saf CH& Lt (4g) t Anth Gold St Regis Pap _. ampson Unit avoy Oil egal Lock | Selected Ind Sel Ind(al gt)51; | Sellnd prpfsiy. Seversky Airc hattuck Denn Shaw W&P(.80) Sherwin-Wms 4a Sherw-Wms pf 5 Simmons H&P _. . implic Pat g . Solar Mfg (.208) - Sonotone __ Soss Mfg (15) SCEdBpt1% South Pipe .20g - Southld Roy .20g Spencer S 1.05g _ Std Cap & S 1.60a Stand Inv pf St Oil Ky (1a) St Ol Neb (14g). St Pow & Lt St 4 (.028) - Std Stecl Spig)_ Stand Tube B Starrett Cor vic_. terchi Br Str terling Br .10 Sterl Inc (. Stetson (I Sunray Oil .1og - Super'r I’ Cem B Taylor K Dist .30 | Technicolor Tech-1 G (40a) Tob Pr Exp.lie Tol J3d 6% pf (6) Toledo Ed pf (7) Trans-Lux (.20)_ Transwest Oil_ ubize Chat ____ Tung-Sol Lamp . Tung-Sol L pf.80. Union G Can .60 United Airc war. Unit Corp war_ Unit Gas ____ Unit Gas war____ Unit Gas pf (7) - Unit Lt & Pow A . Unit Lt & P cv pf Unit Pr Sh (.10g) Unit Shipyds B _ US Foil B (%g)- S Lines pf S Rub Recl_ S Stores _____. “nited Strs vte _ ‘nit Ver Ext 1g _ ‘nit Wall P.15g. Iniv Cons Oil niv Corp vte tAhP&LDE 13k Util Pw & Lt (r)_ Util P& L pf (r). Utility Equit____ Valspar Corp vte. Venez Mex Ol1 Venezuela Petrol Vogt Mfg (.80) Wagner Bak .80g Wagner Bak pf 7 Walker Min _ __ Wentw'th M .15g. West VaC&C__. West Air Exp Weyenb'g Sh .208 Wms 0il-O-Mat Wil-Low Caf (r)._ Wolverine T .40g Woodley Pet .40 _ Wright Har .40a_ Yestn St1 D 2.50g 3 3 Yukon Gold .06g - 3 3 r In bankruptcey or receivership. or being reorganized under the Bankrupicy Aet. oF securities assumed by such companies. Rates of dividends in the foregoing table are annual disbursements based on the last quarterly or semi-annual declaration Un- less otherwise noted. special or extra divi- dendt tn nu; included. 8, ST AL e Pald last year. ghy"lhb‘l‘. ll\ tock. rl lll'ed“nl’ Dl: lo ar year, no regular ra or stock. kAccumulated dividend Illlfl or declared_tnis year. ww—With war- rants. xw Without warrants. war War- Tants’ 11% "- 131 10 6% S e 03305 00 30 N R R R T DR A R MO e 1D o FOREIGN MARKETS. LONDON, August 6 (#).—With the ex- ception of trans-Atlantics, which were easier, nearly all divisions of the stock markets closed higher today. Trading was quiet. Mining issues were the best Rainers. PARIS.—The Bourse closed steady today after an uneven start. Industrial and international issues improved. Govern- ment bonds were in better demand. of France recovered an early loss ended 85 points higher. Sues Clnll ®ained 205 point: paTpaeRdt b NEW YORK SUGAR. NEW YORK. August 6 (P.—Sugar fu- tures were steadier today on trade and commission house buying. although busl: ness was comparatively light. In the No. 3 contract” traders were inclined to limit operations and await developments in Washington o susar legisiation; September No. 3 sold at March at 2.40. or 1 point net_higher. No. 4 September sold up to 1.20% March 1.30, or 1 point net higher. The market at #he beginning of the last hour held around the best. American Smelting & Refining Co. —Company advanced price of lead $5 8 ton to 6% cents & pound, New York. , A Curtiss-Wright Corp. reported a net | profit of $900,597 ended June 30, as against $821,820 for the same period last year Aeronautical Corp., a subsidiary, re- ported net profit for the six months of $1.036593, as against $613,589 IOI | the first s1x months of 1936, | Stone & Webster. Stone & Webster, Inc, a utility en- | | gineering. management and holding | | concer: and its subsidiaries reported la come for the June quarter | of <40‘ .'id as against $156,303 for « | the same quarter last year, | Midland Steel. Midland Steel Products Co. reported net profit of $654,575 for the June | quarter before undistributed profits surtax. This equaled $185 a share and compared with $626,743, or $1.73 | a share in the second quarter of 1936. | The company makes motor parts. National Cylinder Gas. National Cylinder Gas Co., Chicago, maker reported for the quarter ended {30 consolidated net income of § 233 before undistributed profits tax, equal to 37 cents a share on the outstanding capital stock. This com- | [pa'wj Wwith 283.117 or 36 cents a share in the preceding quarter. No com- | parison with the June, 1936, quarter was avallable. Allied Kid Co. Ju; 15 sur- Net profit for Allied Kid Co. for the | | fiscal year ended June 30 totaled $580,- | | 407, equal to $2.19 a share on the out- standing common stock. the company reported today net profit of $507.258, or $1.91 a share in the preceding year. The company. maker of kid and kid prints and linings for shoes, has plants in Phila- delphia, Camden, N. J, and Wil- mington, Del. Rudolph Wurlitzer. *Rudolph Wurlitzer Co., Cincinnati, manufacturer and distributor of musi- | ca instruments, with plants in New | York and Illinois, reported consoli- | dated net profit for tie quarter ended | June 30 of $633868 after preferred dividend requirements and all charges, equal to $167 a stock. Heretofore © compa | available, North American Aviation. North American Aviation, Inc., re- ported for the six months ended June | 30 consolidated net profit of $65,564. ;axmn% $86.026 for the comparable | period of 1936. Unfilled orders of the | engineering and manufacturing di- vision at June 30 amounted to $8.068,- 322, against $1,190,390 a ye Noranda Mines, Noranda Mines reported six months’ estimated net profit of $5.027.108, the best six months in the company's his- tory. This equaled $2.24 a share and compared with $4.203445, or $1.87 a share, in the first half of 1936. Louisiana Land. Louisiana Land & Exploration Co. reported net income for the June | quarter of $468,000, equal to 16 cents & share on capital stock. This com- | pared with $499,500, or 16 cents a | share, in the like quarter last year, CHAIN STORE SALES By the Associated Press. NEW YORK, August 6.—Leading retail chain store sales in July and for the seven months were for the most part well ahead of last year, figures showed today. Generally improved purchasing pow- er, particularly in agricultural sectors, has boosted chain store business. An- other factor that has swelled the dol- lar sales is higher unit costs. The following table shows sales of four representative chain store organ- izations: 3. 3. Newberry. 19 $4. Per cent . increase '984.903 7.45 Lerner Stores Corp. * 3410171 1 months __ 19.594,486 17. July sales 7 mos. sales_ July sales 6 Western Auto Supply. 3.830.000 2.760.000 38.7 19.470.000 12 Spencer Chain Stores. 76.284 686,127 27.7 5.964.862 4.101.509 45.4 FIRESTONE BONDS CALLED. NEW YORK, August 6 (#).—Fire- stone Tire & Rubber Co. of Cali- fornia has called for redemption Sep- tember 1 at 101); of principal and accrued interest $750,000 of 15-year sinking fund 5s, due 1942. Firestone Cotton Mills has called for redemp- tion September 1, at the same call price, $600,000 of 20-year sinking fund bonds, due 1948. July sales 7 months_ July 7 months ROCKEFELLER GETS SEAT. NEW YORK, August 6 (#).—The New York Stock Exchange seat of the late John D. Rockefeller, sr., yester- day was formally transferred to his grandson, Laurance 8. Rockefeller. BOX CARS ORDERED. NEW YORK, August 6 (#).—Sora- cabana Railways of Brazil ordered 500 36-metric-ton all-steel box cars from Pullman-Standard Car Manufactur- ing Co. for the six months | Wright | of compressed industrial gases, | share of common | v has| issued only annual reports and com- | parative quarterly carnings are not | HOLD ABOVE YEAR AGO | with a maximum of 100 shares of no par value common stock, states in the charter application that it in- | tends to manufacture textile of wool | silk, rayon, linen and cotton and | various garments in which these tex- tiles are all or a part of the material, GENERAL MOTORS | TO BOOST PRILES Other Producers Also Expected to Fall in Line With Ford | Announcement. | By the Associated Press, DETROIT, August 6—Plans for stepping up the retail prices of all | General Motors automobiles were an- nounced vesterday. Following closelv upon the price in- crease announced by Co. and the Motors® Chair that price Cadillac, La & Chevrolet and Buick divisions of the corporation disclosed that the retail listings are to be increased Effective August 9, Oldsmobile prices are to be increased $45. After August 14 Cadillac units will be raised $100 and La Salle $60 Buick division disclosed | amount of its increases, statement N A boosts of General d P. Sloan were that the h will be effective August 9, will be $45 to $100 that prices $30. effective | Chevrols announced | would be increased by increase prices approximately $45. Because many producers were un- derstood to be awaiting price actions by Ford and General Motors, thoritative sources indicated a belief all other producers will same course. All have been affected by the increased cost of materials and higher wage scale: RATE CUT SUSPENDED ON LUMBER EXPORTS he Associated Press. By The Interstate Commerce Commis- pended vesterday from August until March 6. 1938, the op- ration of proposed reduced | rates on lumber and forest products. I The rates would be applicable to | shipments from De Ala, to New Miss.; Mo- INSURANCE STOCKS NEW YORK Security Dealers August Associa » ion. —New York ed 1813 Fid & Dep o 1a) Firemen's Newark (.30) Frank Fire « .‘vn Gen' Reinsur Glen Fall Globe & Rep (080a) Globe & Rut Greai Amer (1a) Hanover (1.6 | Harttord Fire (%) Home Fire Sec Home Ins (131 Homestead ' (1) Knickerbocker (.R0) Lincoln Fire Maryland Cas | Mass Bond 11 | Natl Pire (2) Natl Liberty (20a) N'Hampshire (1.60a) N Y Fire (.R0a) Nor River (1) Phoenix ( Prov Wash (1a) Revere (P) In (1.30) Rossia Ins i ti0a) St. Paul Fire (fia) _ Springfield _(4'a2a) Sun Life (71.0) Travelers' (16) U 8 Fire () Westchester (1.20a) a-—Also exira or exiras. &—Declared or paid so far this year. CHICAGO LIVE STOCK. CHICAGO. August 6 (® (United States Department of Agriculture).—Hogs. . including 500 direct: hogs from 10 pounds down, steady to 10 higher than Thursday's average: heavy hogs steady to lower: spots. 25 off on butchers from ) pounds up: packing sows steady: top. sparingly: bulk 2) medium ~ grass steers on peddling basis, scattered lots. 8.50-11.50: some demand for fed offerings, but megligible supply on hand. part load, 15.75: grass cows under severe pressure: only low cutters and cut- ters getting dependable action at 4.25- 575: few weighty cows, 7.50-8.50 on shipper account. but rank and file grass crop of value to sell at 6.00-7.25 in_very narrow demand: grass heifers at 7.00- 10.00: weak at Tecent decline: bulls vealers steady: bulk sausage bulls. 7.25: good and choice vealers, 11.0 Bheep. 5.000. including 3,000 direc: tive, strong on bulk of “all classes. though top native Spring lambs 10 iower than Thursday's extreme: bulk good to choice natives. 11.00-11.35 to larger in- terests; slaughter exey) 4258 NEW YORK PRODUCE. NEW YORK, August 6 (P _Esgs easy. 'Mixed colors, -standards, a: firsts. 20%2a20%: seconds. 19- Other mixed eges unchanged Butter, 4.908: steady. All grades un- changed. Cheese, 146.768: Prices unchanged. Dressed poultry generally firm. chickens, roasters, 0. “Frozen turkeys (Northwestern & 'Southviestern). 15-2813. Other dressed prices unchanged. Live poultry. by express, lar. Brollers, leghorn 35: Rocks. 28 s, colored, 20% roosters, 16; hen firm. Prozen irrey 25; crosses, 2. Fowl, 34:"Leghorn, i9- turkeys, duck: 475 TONS OF LEAD SOLD. NEW YORK, August 6 () —St. Joseph Lead Co. reports 475 tons of pig lead from Southeast Missouri mines sold yesterday at $6.35 per 100 pounds St. Louis. ol 13. Nathan Magill of New York, secretary. | the Ford Motor | t Yot | This compared with | AURUst 9. Reports said Pontiac would au- | follow the | \Qecumlv Offerings D(‘('Imc Sharplv In Summer Lull By the Associated Press. NEW YORK, August 6. —Declines in . corporate issues in the bond market | and the usual Midsummer lull in | financial activity were factors in a sharp drop in financing this week, in- vestment circles said today. New issues fell he weck ended August 5, from 53r - 947.660. a special compilation | Poor’s Publishing Co. showed. In lh’ like week a year ago the total was $52,966,857 Week ended Aug 5 DOLLAR GOES DOWN By the Associated Press. LONDON, August 6.—United States | dollars declined !4 of a cent in the foreign exchange market today, clos- ing 4983-16 to the pound, compared | | with $4.98!4 for sterling in New York yesterday. French tranes were 132.87 to the final dealings against 132.81 | inevitable, | lle. Oldsmobile, Pontiac, | cent, 73 francs 95 centimes; 76.60: 4'25 1937, 99.95. Exchange on London, was quoted 26.66 4 132.87. District of Columbia—Part probably local showers tonight and tomorrow; not much change n tem- | perature; gentle, variable winds Maryvland—Partly cloudy, probably | local showers in central and west por- tions tonight and tomorrow; not much | | change in temperature. Virginia—Partly cloudy, with local showers tomorrow and in west and extreme portions tonight; slightly warmer in extreme southwest portion tonight. ‘West Virginia—Probably local show- ers tonight and tomorrow; slightly warmer in southeast portion tonight. River Report. slightly cloudy. Shenan- cloudy at Harpers Ferry. clear; Chain Bridge, clear Potomac doah very Great Falls today export | Report for Last 24 Hours. Temperature, Baror Yestordav— Degrees. g T N Midr Today i 5 Vo Noon XU Record for Last 21 Hours. (From noon yesterday to noon todav.) Highest, 1:10 pm. vesterday. Yea: Lowest. 75, 4 am. today. Year ago. Record Temperatures This Near, Hichest, 96. on July 17. Lowest, 19, ‘on February 28, Humidity for Last 24 Hours. (From noon vesterday to noon todas.) Highest. 96 per cent. at 1:50 p.m. Lowest, 50 per cent,’ at 3.50 pm. Tide Tables. (Furnished by United States | Geodetic Survey. 73 Coast and | 5 Set | Bun. today 8 17 | Sun’_tomorrow_ i Moon, today Automobile lights must one-half hour after sunset. Precipitation. be turned on Capital (current Month, January February March April May June July ~ August September | October | November | December Weather in the Various Cities. Temp. Rain- month to date 937, Average. Record, 37355 7.83 684 84 Sations, e Clear Clear Cloudy Cloudy Cloudy Cloudy Cloudy Cloudy Clear Cloudy Cloudy Cloudy Clear Clear Cloudy Cloudy Rain Clear Clear Cloudy T ear Clear Cloudy Cloudy Clear| Clear Cloudy Glear Clear Cloudy Clear Cloudy Clear ~ Cloudy Clear Cloudy Clear Cloudy Cloudy Cloudy Cloudy Cloudy Cloudy Cloudy Baltimore. Md. Birmingham Bismarck. N. D. Boston. Mass. Buffaio, N. Y. Charleston. S.C. Chicago. Il Cincinnati, Ohio Cleveland, Ohio 20.98 Columbia._S. C.30.02 Den.er. Colo. Detroit. Mich. BE) Paso. Tex. Galverton. Tex. Helena, _ Mont. Huron. 8. Dak. Indianapolis Jacksonville.Fl Kansas mlz!y . Mo. s Angeles __ Eoutevine, Ky 30.00 Miami, Fl Minneapolis New Orleans N:w York, Pittsburgh. Pa. Portland. Me. Portl-nd, Oreg. Raleigh. N. C. Balt Lake City_ 20. Sen _Antonio " 39.90 San Diego. Cal. 29.82 San_ Francisco 8t Louis. Mo. Seatt'e Wash. Spoka e, Tampa, Fl WASH., D. (7 a.m., Greenwich time. Stations Temperature. Weather. London, England 3 Cloudy Paris. ‘ance Vienna. Austri Cloudy Berlin.” Germany_ Brest. France _ Zurich, Switzerland . Stockholm, Sweden Cloudy Gibraltar. ' Spain Cloudy (Noon. Greenwich. ‘Tmz_ today.) Horta (Payal). Azores 76 Cloudy Curgent. observations.) 8t. Georges, Bermud &4 8an Juan, Puerto Rico.._._ Cloudy Clear Cloudy to $13586.494 in | IN LONDON DEALINGS | 05pm. | Monthly precipitation in inches in the | Barom. High.Low. fall. Weath's 's. E. C. ISSUES REPORT | ON MEMBER DEALINGS \ | By the Assoclated Press. The Securities Commission reported today that transactions for their own | accounts of members of the New York Stock Exchange in the week ended | July 10 amounted to 20.75 per cent of | all transactions on the exchange FACESS RESERVES OFF 170 MILLIONS Decline Due to Increases in Circulatoin and Treas- ury Deposits. By the Associated Press Excess reserves of Federal Reserve system member banks declined $110.« 000,000 to $700,000,000 during the week ended August 4 The Federal Reserve Board's weekl condition statement showed the de- crease in these lendable funds was due largely to an increase in money in circulation and & climb in Treasury deposits with Pederal Reserve banks Money in circulation increased $44,- 000,000 during the weck to $6 000. The outflow of funds into circu- lation, which is usual end, reduces excess reserves mately tr in approxi= amount of the outfloy Treasury deposits with Federal Res serve institutions rose $81,000,000 for the week to $309.000.000. This increase indicated a shift of money from come mercial barks to tit tion The drop in excess reserves was the third successive weekly total decrease amc unting 000,000 For the week ended August 4 | board reported its holdings o ment securities the Govern= remained unchanged | The members' trading included 6.91 { per cent in transactions initiated on | [ the floor of the exchange, 446 per cent initiated off the floor, and 9.38 | per cent by specialists On the New York Curb Ewha']gfl | member trading was 20.54 per cent | | the total. | | ———— | 1 | Washmgton Exchange SALES. Washington Gas Light new—10 at 26, | Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer | Anzcos Ana C. & Cap. Tract City & Sul | Gearirian \\n h Vast STOC KS. PUBLIC UTILITY. 10913 ‘T COMPANY, i FIRE INSURANCE | American (8 Corcoran (5) | Firemen's i1.20) | Nauonal Union (.60) | TITLE INSURAN | Columbta (30 Real Estate (6) MISOELLANEOUS. 00) ype (14) com. (11.00 pfd Carpel Corp. | Lanston” Moni | Lincoin Serv. Lincoin Serv Mergenthale Peoples Dr Peoples Dr. Real E Security M &G **30c pad J BOSTON WOOL MARKET. . but_slow were mostly ked me combing and clothing ler - hs er blood r. held around 4:3 cents the grease. delivered Fast Around 40- 9 in the grease delive: asked for average and lighter cor Minnesota ~ wools heavier shrinking lot Similariy packed m were offered at delivered. A moderate aquant shrinking wools soid recently at i ON IMPROVED | Treasu. | um fieece Ohio and and quar- | at $2.526,000,000. A £5,000,600 increase in holdings of was offsel by a $5.000,- holdings of Treasury bills off. | 000 dec in member balan res and r k and 1937, were bank reserve lated items during the vear ended August 4, reported as follows do . e BROKERS® LOANS GAIN 34 MILLIONS IN WEEK for the week ended yese of Tepre. r"r. an increase of $34.000.000 when compared previous week Loans for a year ago the the corresponding week totaled $945,000,000. M'CRORY SALES UP. NEW YORK, August 6 (£).—J y sales of McCrory Stores Corp., retail chain operator in 25 States, increased | 4.4 per cent to $3,132,948 from $3,001,« 548 1n July last year. Seven months sales totaled $21,513,986 against $20, 694.702 in the same period last year, an increase of 3.9 per cent. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Cha'rs Steel Files Desks Steel Cabinets Tables Safes BAUM’S FURNITURE HOUSE 1116 Eve 8t. N-W. Phone NA. 2184 Money for Construction Loans and Loans on Existing Properties 5% FIEST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’'l 0350 D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinanc not mad; Interest balance B UILDING HOME ing. Loans repayable monthly. No charge for appraisal if loan is e. charged only on unpaid of principal. E QUITABLE CO-OPERATIVE A SSOCIATIO! 915 F STREET N.W. Organized 1879 LOAN Easy Monthly Payments as low as $7.50 per $1, No commissions or renewals. may be paid monthl: our economical loan 000. Taxes y. Investigate plan. COLUMBIA BUILDING ISSOGIATIOI 716 11th Street Opposite Palais Royal