Evening Star Newspaper, August 7, 1937, Page 10

A—10 x GOOD CROPS SEEN INNEARBY STATES Riehmond Bank Estimates Yields Will Be Well Above | Last Year. BY EDWARD C. STONE. Pasdy forecasts of crop yields in Maryland, Virginia and West Virginia are materially higher than last year, sccording to estimates reported by the Tederal Reserve Bank of Richmond. Moderately favorable weather until harvest time will mean excellent yields for practically all crops, the survey says. Based on the latest condition figures, published by the Richmond Bank, Maryland should raise 9,120,000 bushels of wheat this year, against 8,980,000 a vear ago. Virginia should produce 9.900,000 bushels, compared Wwith 7.862.000 in 1936, and West Vir- ginia should harvest 2,574,000, against 2,025,000 a vear ago. Maryland’s corn crop should reach 18.576.000 bushels, as compared with 18.396.000 last year: Virginia, 36,603,- 000, against 30,014.000 in 1936, and ‘West Virginia, 15,048,000, in compari- son with 11,569,000 a year ago. Maryland's oat crop will pe smaller than last year, a probable yield of 980,000 bushels, comparing 1,131,000 a year ago. Virginia's oat crop should reach 1.720,000 bushels, the forecast mays, against 1,287,000 in 1336. The West Virginia oat yield is placed at 1,407,000, compared with 1,206,000 last year. three States will have a much bigger hay crop than last year. Vir- ginia 15 expected to raise 12,596,000 bushels of Irish potatoes this year, ecompared with only 7.380.000 bushels last year, and Maryland and West Virginia are also expected to have much larger crops. The three States are also expected to harvest much larger sweet potato yields. Maryland and Virginia ares expected to have smaller tobacco crops than last year. West Virginia will have & bigger crop. Virginia expects the best increase of all in the apple erop, with an estimate of 18,000.080 bushels, egainst 8,500,000 last year. Maryland should have 2.808.000, against 2,014.- 000, and West Virginia, 8.150,000 vs 4,395,000, the dicts. Convention Delegates Named The District and Loan League has elected the fol- lowing delegates to represent ganization at the anmual convention of the United States Building and Loan League to be held in;Los Angeles October 6, 7 and 8 Robert E. Bucklev. president of the National Permanent Biilding Asso- eiation and of the District of Colum- bia Building and Loan, League; Ed- ward C. Baltz, secretary of the Per- petual Building Association and first vice president of the United States Building and Loan I.eague; Carl J Bergmann, treasurer, Washington Permanent Building Association and immediate past president of the Dis- trict of Columbia League; George N ‘Emerich, treasurer, Northern Liberty Building Association, and C. Clinton James, attorney for'the Columbia Per- manent Building Association and <hairman of the United States Build- ing and Loan League's Legislative Committee. Two alternates have also been elected, John N. Clipper of the Wash- ington Permanent Building Associa- tion and E. L. McAleer, secretary of the Equitable Building Association Albert G. Bishop will represent the Perpetual Building Association at the eonvention ‘The Washington representatives will | Join other delegates on a special train at Chicago and reach Los Angeles on October 3 for a meeting of the Execu- tive Committee before the regular ses- sions open. Edward C. Baliz is slated to be ele- vated to the presidency of the na- tional organization when the officers are elected for the coming year. This means that the 1938 annual conven- tion will probably be held in Washing- ton, according t« Carl J. Bergmann, who is a member of the National Ex- scutive Committee. Good Houses Less Than $5,000. Although there has been some slow- fng down in the rate of increase in residential building, it is not con- sidered as the beginning of a serious slump, the Unrted States Chamber of Commerce comments. Construction circles believe, the report adds, that building this year will be substantially better than last year, with the Fall pick-up offsetting the slackening in the rate of activity during the Sum- mer. Awards for building contracts for June were better than in May by nearly 10 per cent, which is contrary to the usual seasonal trend Lumber manufacturers and dealers have had an excellent response to | #mall house demonstration projects. A recent investigation of dealers in 32 Btates reveals that they have been eble to build good demonstration houses well under $5,000. Home building is approaching 500.- 000 new dwelling units a year, the survey ooncludes. New Gas Stock Stays at 26. The Washington Gas Light new eommon stock sold at 26 on the Wash- ington Stock Exchange again yester- day, on one small sale. The stock closed the week with 253, bid and 27 asked. Bid and asked prices on other lssues were steady. Mayor Jackson of Baltimore has digned an ordinance, passed by the Baltimore City Council, permitting the Samuel Ready School to sell its 15-acre site to Sears, Roebuck & Co. for erection of a large retail store, to cost around $1,000,000. The Seaboard Air Line Railway is refunding approximately $650,000 to is employes under the new pension sot. The Richmond Reserve Bank has notified the banks here of two com- 1ing issues of Treasury bills, $50,000,000 each, one to mature on December 18 end the other on May 11, 1938 Twenty-four savings and loan as- sociations, with assets of $20,833,778, ‘were granted Federal charters by the Feders] Home Loan Bank Board in #Fune, Fred T. Greene, deputy governor of the bank system, announced today. ‘This brought the total of Federal vings and loan associations char- Sered since 1933 to 1,286, Their assets aggregate $916,298,548. ELECTROLUX EXTRA VOTED. ‘WILMINGTON, Del, August 7 (&). —The directors of Electrolux Corp. (vaouum cleaners) declared a quarterly dividend of 40 cents a share and an extra dividend of 10 cents a share on its 1,237,500 shares of com- mon stock outstanding, payable Sep- tember 18, to stockholders of record August 16. Richmond Bank pre- | of Columbia Building | the or- | FINANCIAL. THE EVENI G__STAR, WASHINGTON, C., SATURDAY, AUGUST 17, 1937 FINANCIA TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1937 High. Low. 28% 2215 Ay 2 80k 64'% 5% 2w 16% 11 5% 2% 5813 34 25814 215 217 15 57 4% 204 574 90% 20%, Bk 1044 e 45 14y bin 2%y 5872 37 126 101y 29%, 18% 6800 431, 6'1 7 401, 1834 By K 790 48% 211y T4ls 1% 154 ™ 63y 44 4Th 106 7. 54w 15%, 691y a3 4415 4% 43 205 L3 S 3a 1% 41‘\ 15 391, 181y 23, 14% 50 21y 281 4y 1718 12 21 5 138 w112 \. e 60 11ty 2 141x b0y 2 1% 3 21 2 37y 94 80 6% A2l 177 102 281 10 56% 100 62 46 34 1974 ta 991 14 4's 5 Rin 33 208 2 81 50 181y 35% 2 39% 547 By Erivate Wire Direct to The Btar. Syock and Dividend Rate. Adanvs-Millis (2)_.. Advaince Rumley __ Air Fieduction (1a). Air-'"Way El Ap Alanka Jun (.602) - Alleghany _ All eg pf xw_ Allied Chem (6). Aldied Stores (.20a). Allis-Chaimers(1g) #umal Leath _ ___ Am Bank Note %g . Am Brake Sh(1%8) Am Can (4a) 5 Am Comcl Alco Am Encaustic Til__ Am European Sec__ Am & Forelgn Pow_ Am & For Pw $7 pf_ Am-Hawaiian S (1) Am Hide & Leath Amlce . Am Locomotive. Am Locopt__ _ Am M & Fdy ('Ag Am Metal (% Am Pow & Lt ... AmP&L$5pf (5) Am Rad & St S(.60) Am Roll Mill(1.10g) Am Seating (%g) - Am Smit & R(2%g) Am St Foun 1.50g . Am Sumatra (1a)__ Am Tel & Tel (9) . Am Tobacco B (5)_. Am Type Idrs Am Wat Wks (.60g) Am Wonlen 2 AmZinceL&S . __ AmZ&Ld prpf 1% g Anaconda (%g) __ Armour Del pf (7)_. Armour 111 (.558) _ Armst's Ck (1.50g)_ Asso Dry Goods __ Atch T&SF (2g)__ Atchison pt (5) = Atlantic Coast Line. Atl Gulf&W Ind pt_ Atlantic Refin (1)_. Atlas Corp (.80) Atlas Corp pf (3) Aviation Corp _ Baldwin Loco (r) _. Baldwin Loc asd(r) Balto & Ohio Bang & Ar (23;) Rarber Co (%g)_ Barnsdall (1) Beldin-Hem (1) Bethlehm § Beth St 5% Boelng Airpl Bon Ami A (3g) Bon Ami B (17%g) Borden (1.60) Borg-Warner (2 Rridgeport Br 40 Briggs Mfg (1%2g)_ Bklyn-Man (21;g) EKlyn & Queens Bucyrus-E Rudd Mf Budd \1& pr Budd Wheel (.20g) - Bulova Watch (4a). Burr Ad Mch(.65g)- Butler Bros (.60) Butler Butte ( Byers C umet & H (3 g)- Campbell Wy Cannon Mills ( !tJ p Caro C&o st (5) . Carriers & Gen .10g. Case (171) Case (J1) pf (7 Celaness ( Central Fa Cerro de Pasco (4)_. ertain-teed - Certain-teed 6% pf_ Checker Cab Mfg Ches & Ohio (2.808) €hi Gt West (r) Chi MStP&P (r) Chi&N W (r) C'hi Pneu Tool ChiRI& Pac (r)_ . CRI&P 67 nr(r) Chrysler (72) City 1 & F pf (6 City Stores Clark Equip (1.60) Clev Graph Br (12). Cluett Peabody (1). Colgate-Palm (12)_. Colg-Palm pf (6) _. Collins & Aik (2a) . Colo Fuel & It (1g). Col Brdestz A 40g Colum G&E (.20g)_. Comel Credit (4) __ Comel Cred pf 41 Comecl Invest Tr(4) Comel Solv (.60)___ Comwlth & Sou Com & Sou pf (3) __. Congoleum-Na (2) Consol Aircraft __ Consol Edi (1.50g)_. Consol Edis pf (5)_. Consol O11 (.80a) Consol RR Cuba pf_ Consol Textile Consol Coal Consol Coal pf Contajner (1.20) _. Contl Baking B Cont] Baking pf(8)_ Contl Can (3) Contl Diam Fib(1g) Contl Ins (1.60a) ___ Contl Motor Contl Oil(Del)1%g. Corn Prod (3) _____. Crane Co Z Crane Coev pt (5) . Crown Cork (2)____ 4 Crown Zeller 24'% 13% 1461 110 36'% 26 28 20% 96 80 TT% 4T 1591 115% 3 1Y% 17% 14% 122 112 1801 14815 17 % 1813 151 16 10% 29 21% 343, 9% 4% 144 3214 3 4% 1314 18 3 20% 45% 6% 3 36 31 107 101% 62% 39% 464 26% 9% 4% BR 4Ty 541 3714 32% 24% 15% 11% 39 364 194 11 151 104 86 6214 19% 10% “14 TH 32% 20 524 3414 647% 49% 44% 36 7015 4814 122% 113 5% 3% 5% 3 ‘70% b5 88 48 207 14'% 20% 204 51% 40% 58% 51% 6% 4 8k 5% 50% 31 16 T 26% 444 8 o 45% Crucible Steel Cuba Co Cudahy Pack (21)- CurtisPub____ Curtis Pub pf () Curtiss-Wright____ Curtiss-Wright A__ Davega St pf (1%) - Deere & Co pf(1.40) Deisel-Wem-G (1) . Del Lack & W Detroit Ed (5g) Diamond Mat (1a)_ Dist Corp-Seag Dist C-S pf ww (5) . Douglas Afreraft __ Dow Chem (2.60g)_. Duluth SS&At! pf__ Duplan Silk (1) __ Duplan Silk pf (8) Du Pont de N(2%g) Eastern Roll 2 Eastman Kodak (8) Eitingon Sch El Paso N Gs(1.60)_ Elec Auto Lt 1.40 Elec Boat ___ Flec & Mus (.18e)__ Elec Pow & Lt ___ Elec Stor Bat (2) Elk Horn Coal pf___ ¥aquit Off Bldg ErieR R Evans Prod (1) Fairbanks Co_. Fairbanks pf_ Fajardo Sugar z Fed Motor (. mx) R Federal Wat Svc A. Fid Phoenix(1.60a). Firestone (1%g) __ Firest AR pf (6) _ First Nat Strs(2%). Flintkote (1) Follansbee Bros Food Machine (1a)- Foster Wheeler ___ Freeport Sul (1g)_- Gair (Robert) ____. Gair (Robt) pf (3)_ Gar Wood Ind (%g) Gen Am Inv__ Gen Am Trns(1%g) Gen Baking (.60) Gen Bronze.. Gen Cable._ Gen Cigar (4) Gen Elec (.80g). Gen Foods (2) Gen Motors (2%8)- Gen Mot pt (5)_ Gen Pub Sve.__ Gen Stl Cast pf._. Gillette (%g) Gimbel Bros Glidden Co (2a) Glidden cv pf (2%)- Gobel Adolf________ Gosbel Brew (.20a). Goodrich (%8) ... e B b CUETT: o » S 1 B 03 5350 K0 19 D e D e D Y S 3h i e DN e 0 T 0 3 58 10 D s 83 N 4 B N O ] g 5 S a o - 000091 i i S 1 00 1 800 5 0 001 1 00 1 O 80 i 3RO es— Net Add 00. Hlth. l‘-'. Ulznu chge. 0 + % + % | b FEFEE S EFFE SFFFPFEFCLETFS (il FEEF ¥ 6% 117% 117% 117% + b 3% 314 58% 60% 143 22% 3%+% 58% + 3% 60% - 1% 14% + 22% + 42 + 52% + 4% + 5% — 9% + Prev. 1937 High, Low. 87% 4T% 141 13 Stock and Dividend Rate, 77% Goodrich pf (5) . 27% Goodyear T&R (1g) 100 Goodyr T&R pt (5). 7% Gotham Silk H._. 3 * Graham-Paige 6% Granby Consol 17 Grand Union pf 2k . 34% Grant (WT) (1.40a) 40% Great Nor Ry pf___ 17% Grt Nor Ore ct(% &) 145% 132 Gt West Sug pf(7) - 39 167 1% 31 8 157 395 43% 5018 73 17% 27% Green (HL) (1.80a) 12% Greyhound (.80) __ 10% Greyhound pf (.55). 251 Hamilton W (1.25g) 4 HayesBody... . 11% Hecker Prod (.60a)- 24 Hercules Mot (1) 29% Holly Sug (2%8) 47% Homestake (.76g) _ 573 Household Fin (4) 1213 Houston Ol i 62% Howe Sound (3a) 13% Hudson Motor. Hupp Motor 1llinots Central 11linois Cent pf A. Inland Steel (4a) Inspiration Copper_ Interlake Iron_. 5 Intl Agricul _ 4 Intl Bus Mach (6a)_ Intl Harvestr (213). Intl Hydro-Elec A _ Intl Mining (.30g) _. 4 Intl Nickel (1.508) Intl Paper & Pw C__ Intl Paper & Pw pf_ Intl Tel & Tel __ Interst Dep S 2} g . Island Crk Coal (2). Jewel Tea (4) Jones & L pt (313k) Kansas City Sou_ Kayser (1) (1g) - Kelsey-Hayes A Kendall pf (6a)____ Kennecott (28)__ Keystone S&W (.60) Kinney prpf. ___ Kresge (S S) .90g _ Kress (S H) (1.60)_ Kroger Groc (1.60)- Lane Bryant(lzg) . Lee Rub & T (1g) _ Lehigh Port C (115) Lehigh Valley Coal. Lehigh Val Coal pf_ L.ehman Corp (1a) _. Lib-Ow-Glass (3g)- Life Savers (1.60a). Lima Loco (1g) .___ Loew's Inc (68) . Loft e, 1 one Star Cem (3) _. Long-Bell A Lorillard (P) (1.20) Ludlum Steel (1)__. McCall (2) McCrory Strs Mcintyre Porc (2). Mckeesport T (2) McKesson & Rob Mack Trucks (1) Macy (R H) (2a) __ Magma Cop (1148) _ Maracaibo Oil Marine Midl (.40 Marshal Field .. Martin (Glen)_ Martin-Parry Mengel Mesta Mach (2 Miami Copper Mid-Cont Pet (13g). Midland Steel (2) Midland St1 1 pf(%). Minn-Mol Imp____ Mo-Kan-Texas _ Mo-Kan-Tex pf Mo Pacific pt (r) _ Montgom Ward(Za) Mother Lode Motor Prod (1%g) - Motor Wheel (1.60). Mullins Mfz (B) Murray Corp . Nash-Kelv (1)_ Natl Acme (%g) - Natl Biscuit (1.60) h Reg(%g) atl Dairy P (1.20). atl Distill (2) Natl Gypsum Natl Lead (13) Natl Lead pf B IR\ Nat Mal&Stl C(1g). Natl Pw & Lt (.60)_ Natl Steel (1%g)__. Natl Supply Newberry 5% pf(5) Newport Ind u'..g) Y Central YNH&H (r) YN H&H pf (r)_ Y Shipblde Y Steam $6 pf_ North Am Aviat_ North Am (.60g) North Am pt (3) _. Northern Pacific Ohio Ofl (128) ___ Otis Elevator .80g . Otis Steel Outboard M (1128)_ Owens-T111 G11%g - Pac Am Fish (1.20). Pac Coast = Pac Coast 1st pf_. Pac Coast 2d pf Pac Gas & El (2) Pac Lighting (3) Pac Tel & Tel (8) Packard Mot (.15g) Paramount Pict Paramount 2 pf (.60} Park Utah Parker Rust-Pr 1 2% Parmelse Trans 6% Pathe Film 1414 Patino Mines__ _ 85 Penney (1C) (2g 3% Penn Coal & Coke _ 5% Penn-Dixie Cement. 22 PennGlS'dct.50g. . 344 Penn R R (%R) - 4315 Peoples Gas Lt & C. 7% Pfeiffer Brew (.60g) 40 Phelps Dodge 1% g- 1 PhilaReadC&I1 __ 70 Philip Moris(3%g)- 49% Phillips Pet (28) 44 Phoenix Hos pf 3% 28% Pills Flour (1.60)_ 40 Pirelli (1.68%g)- 33 Pitts United 974 Pitts United pt _ . 24% Plymouth Of1(.70g). 21% Poor & Co B £4% 17% Pressed Steel Car _ 5514 Procter & Gam (2a) %g)- 174 13 104 118% 114! Procter & G pf (5) .. 523 2% 23% 58 363 Pub Sve N J (2.60)_ 51% Pullman (1%)_____ 16% Pure Oil 13% Purity Bak (.45g) - 7% Radio Corp _ __ 63 Radio cv pf (3%) 6% Radio-Keith-O (r) 1315 RR Sec 111 C Stk ___ 21 Rem Rand (1.05g) . 80 Rem R pf ww (434). 5 ReoMotor _______ 2714 Republic Steel _____ 97% Republic St pf A(6) 32 Revere Copper & B_ 2215 Reynolds Met (1) __ # Rey Met ts Auglz. 1613 Reynolds Spr (1) _. 49 Reynolds Tob B (3) 113 104% Safeway 7% pf (7). 65 43% St Joseph Lead(2a) 2% St L-San Fran (r) . 38% Schenley DI!!Hl(I). 38 Scott Paper (1.058). 1% Seaboard Air L (r) 4 Seaboard A L pf (r) 36% Seaboard Oil (1).__. 81 ars Roeb (3) 26 Servel Corp (1a)___. 29 Sharon Steel (1.20). 9% Sharp & Dohme ___ 12 Shattuck FG (.60)_. 25% Shell Union (3%g)-- 105‘4. 102 Shell Un pf (53%) - 17% 68 4% 60% 12 Silver King (.65g) . 40 Simmons (1g)- 3% Simms Petro!eum.. 42 Skelly Ofl (.60g)—_~ 16% Socony Vac .508)___ 3% Sou Am G&P (.10g). 22% Sou Cal Edis (1%a) 40% Sou Pacific_ 24 Southern Ry._. 37% Southern Ry pf. 93 Spang Ch pf (9k) 16 Sperry Corp (le) 26% Spicer Mfg__ 44 Spicer pf A (3) 19% Spiegel Inc (% g). 80% Spiegel pf (414) 11% Stand Brands (.80)- P 39% Stand Ol Calif (12) 40% Stand Ol Ind (1a)_. 63% Stand OIN J (1a 34% Starrett (L 8) 2% sz* Sterling Prod(3.80). Stewart-Wara(i4s) Bales— Add 00. High, Low, Close. chge | High. Low. 80% 80 8 2 22 43 'a 15913 1008, 3815 24% 15 19% 5214 108% 6274 2% 118% Net + % | +++++ Frssss T * 13% 4 F FEF FIE FEEFE ¥ T+4+4++4+1 L+ It £ F& &OF FESFE 7 ++ 1 +++ 5 £ FresErs + o F 5 ST FFEOFER X ¥ Prev. 1937 Stock and Dividend Rate, 17 Stone & Web._. 12 Studebaker 17% Sunshine Mng (3)- 37% Superheater (1.75g) 4% Superior Ofl 297% Swift Intl (2) 15% Symington ww 15[ 10% Tenn Corp (%g) 50% Texas Corp (2) 6 Texas Gulf Prod 33% Tex Gulf Sul (2a) . 11% Tex Pac C&O (.40) 10 Tex Pac Land Tr. 94 The Fair 7% Thermoid Bales— 33% 20 22% 61% T% 33% 23% 153, 6544 PR RRUP Y T 44 15% Tide-Water As(la). Tide-W As pf (414). Timken Roll B(3a) Transamerica new w 20th Cent-Fox (1g). Un Bag & P (2) 4 Un Oil of Cal (.85 Un Carbide (2.408) - Un Pacific (6) . _ Un Pacific pf (4) . _ Unit Afreraft (3g). Unit Air Lines - Unit Carbon (4)_ 1nit Corp Unit Corp pf 3)- Unit Drug (%g) Unit Elec Coal . - Unit Fruit (3) Unit Gas Imp (1) . U S Distribpt . U S & Foreign See _ S Freight (1%e)_ 7S Gypsum (2) 7S Gypsum pf(7) . Indus Alco 7S Leather _ ]S Leather A _ ] 8 Pipe (3) U S Realty & Imp U S Ruober 148% 122 998, 90Y% 351 234 14% 69% 4 32% 103 bt 75 11 [ o - P - T S S I = T L T T L - T LIt 347 137 172 43% 15\6 10345 156 28 3I| ) P Add oo High, 234 13% 18% AT% 5 32% 1% Net | Prev, 1937 Low. Close. chge. | High, Low. 23% 23% + % 13% 18% 45 4% 32% 1% 13% 64 8% % 2% 39% T4% 98 Tin Wal 81 FEFEFFEF FF F ¥ F¥ 1231 118 A% 11% 124% 92% 294 161 863 5l 39 12 8 57% 40% 167% 130% 65 38 124 99 125 107 33% 20 124 8% 65% 43% 106% 650 37% 20 1017 T4% 157 135 15'a 11:00 AM. tion. included X Ex dividend. last year fPa ‘ash red this sea 1174 2Unit of trading 10 e rIn bankrupley or rceive nnkmpm ACL Or securities a mm?m by such companies. Rates of dividends in th bursements based on ine laet qu Unless otherwise noted. Sedat Stock and Dividend Rate, 150 126% U 8 Steel pf (7). 3% Unit Stores A 1% UtHIP& Lt A 1% Vadsco._ 24% Vanadium Steel _ 481 Va-Caro 6 pf(1%k). 70 Vulcan Detin (3g) - 314 Wabash Ry (r) hpt A (r) 6% Wabash pf B (r) 84 Walgreen pf ww 414 423 Walker H G&W (2) - 11% Walworth __ 11% Warner Bros Pict__ % Warner-Quin (r)_ 6% Warren Bros (r) .__ 26% Waukesha Mot (1a) 34 Wayne Pump(1%g) 43% Wexson O & S (%a) West Penn El pf(6) 115% 110% W Penn P 6% pf(6) W Penn P 1%pf(7). 2 Western Pac 5% Western Pac pf_ 8313 415 West Union Tel (3). Westinghse Air (1) Westhse EI&M (3g). Wheeling Stl ‘Wheel Stl pf 2%k Wheel St pf rct 212k ‘White Motor Wilson & Co (%) . Woolworth (2.40) _ Worthington Pump. Wor P&M pf A atp Wrigley Jr (3a)_ Yellow Truck Youngstn S&T 115 Approximate Sales of Slulu on the N. Y. Stock Exchange, Ada 00. High. Low. Close. ¢nx- 1182 132 132 2 5 13 5 % 2% 1% 1% 31% b5y, 2% 1% 55% 82 41+ YA x (e S &R $ B FESEFSE 2 Al 8% a 464 4l 154 659% 120 120 24'% EE S ] FEFEFET 110 708 217% 897 % + % 90% 114 130,000 12£00 Noon 310,000 or being reorganized under fo¥egoing table are annual dis- rly or semi-annua} decl, or extra dividends a. XT Ex rights, s Also exi ¢ X E% FIenta, 8 Also extra or extr r stock. e Pal red or paid s fll’ lh! K Accumulated " aividend ‘paid or ‘G LIVE STOCK PRICES MOVE UNEVENLY Fed Steers Hold Gains, Hogs Hit New Peaks, bhut Lambs Drop. The following review of the live stock market jor the week ended August 5 was prepared for the As- sociated Press by the United States Department of Agriculture: CHICAGO, August 7.—Fed held all of the price ground gained last week, hogs moved up to new high records and fat lambs, while receiving some support, from high levels on other species, lost measurable ground. Aggregate marketings of cattle and |lambs were larger than a week earlier, | but hog supplies continued to dwindle The increase in cattle receipts at the | principal markets came largely by way | of expanded grass cattle marketings, | the fed steers and yearling quota re- * | maining within moderate bounds. This tended to support the market on all cattle scaling 1,200 pounds and | upward, the late undertone reflecting enough strength to suggest little po- tential weakness in the price structure. Even grassy steers and she stock held up remarkably well, the decline on | grassy and warmed up cattle mldnm measuring more than 25 cents for the four-day period, Prime 1,422-pound steers made 17.15 at Chicago to duplicate last week's record peak, medium weights, 17.10; {light steers, 17.00, and light yearlings, 16.85. Suggestive of continued high | prices prevailing for choice and prime | long fed steers, 16 was paid at Kansas City and 1625 took top steers at Omaha and St. Louis. Load after load of medium weight and heavy bul- locks turned at 15.50-16.15 at Chicago and there was fairly good action on grass steers upward from 10.50 #0.13.25, several loads of Kansas and Calorado offerings selling at 12.00-16.25. Hog Gains Larger. Hogs made more spectacular price gains than cattle, however, all markets closing with upturns ranging from 25- | 75 cents at Chicago, most good hogs including light lights and pigs ad- vanced 40-50 cents, while packing sows scored a 65-75-cent advance Short supplies in the aggregate was the principal sustaining influence, all interests being forced into a highly competitive trade, when daily offerings fell below trade requirements. Chica- 80's late top of 13.65 stood at the high- est point since 1926. Packing sows were relatively numerous in the week's run and received strong support from large and small killers. Lambs Suffer Decline. Although Spring lambs and yearlings lost 25-50 cents at Chicago a top of 11.75 was paid early and most sales of good and choice natives were made at 11.00-11.50, the late top having | fallen to 11.35. Medium to good grade Montanas sold up to 10.85 and most range lambs made 10.25-10.60 at Omaha Thursday. Increased marketings in the face of depressed fresh lamb markets provided enough weight to force live prices downward. There was lively buying inquiry for feeder lambs in the North- west during late July and early August and price levels were at the season's high point. STEEL INGOT OUTPUT SOARS ABOVE YEAR AGO By the Associated Press. NEW YORK, August 7.—Steel ingot production for the first seven months of the year totaled 33,321,299 gross tons, an increase of 32 per cent over output for the corresponding period of 1936, the American Iron & Steel Institute reported. For July production was 9 per cent above June, with 4,556,596 tons, against 4,183,762 in the preceding month, and 16 per cent above 3914, - 370 tons produced in July a year ago. Operations in the industry for the month were at 7849 per cent of capacity, compared with 74.46 per cent in June and 67.61 per cent last year. The seven months total, the Insti- tute said, was only 1.7 per cent less than the 1929 figure of 33,886,857 tons. CHAIN | STORE SALES SHOW GENERAL GAINS By the Associated Press. NEW YORK, August 7.—July sales reports of leading chain store units| Port: showed general gains over the same month last year. Volume for seven months likewise was higher in most instances. The reports included: 5. 8. Kresse. 19: 1936, thcrease; 12060 810 81}750h JaSTense ~ 80.007.071 75,499.354 7.1 Peovles Drag Stores. July - $1.868.232 $1732.521 78 months__ 12.772,842 11,509,873 10.1 Crown Drug, 735142 9 .jfi 4.0 731, »131:3%8 steers | Trade Reports at a Glance By the Associated Press. NEW YORK, August 7—Tabloid review of business, Dun & Bradstreet, Inc., retail trade, reported by in the four divisions of wholesale and Jobbing, mnnu!umrmg and industry, and collections this week, compared with the corresponding period last year: Wiole- e Good Good Good Good Good Good Good Good Good Baltimore Chicago .. Cleveland . Detroit Kansas City _ Louisville Pittsburgh _ St. Louis . Youngstown Manufac- turing. Active Active Active Fair Active Active Active Active Active Collec- tions Good Good Good Good Good Good Good Good Fair Retail. Good Good Good Good Good Good Good Good Good Comments. BALTIMORE.—Most business indexes reveal a continuation of the general improvement of the second quarter. Gains in retail trade somewhat uneven, but sales averaged 6 to 12 per cent more than in the 1936 week Wholesale orders wedl over last year's volume; advance commitments increasing. Operations in durable goods industry at 84 per cent of capacity, against 71 a year ago. Trend in building again upward CHICAGO.—Home-furnishings contributed more to the retail turn- over than Summer ciothing, due to the cooler weather: cent larger than last year's. sale volume expanded further by sales 5 to 12 per Rapid rise in orders from farm areas; whole opening of women's Fall apparel Registrations at Interstate Merchants’ Council Convention 20 per cent ever year ago. distribution; increase in wholesale orders. Steel rate up 1 point o 85 per cent of capacity. CLEVELAND —Increased employment slow in accelerating retail sales barely 5 to 10 per cent more than in 1936 week. Further Steel rate advanced to 81 per cent of capacity, as reservations increased for materials for 1938 automobiles. Building permits about on a par with last year's, but under June total. DETROIT.—Summer clearance evenis maintained retail sales at around 20 per cent over the corresponding 1936 week. Wholesale volume steady for week, but above September. ahead of year &go. last year's; Operations in all industries, except building and automobile, Automobile output eased to 86,403 units from 88,055 in sharp upswing expected in week preceding and 97,775 in 1936 comparative period. KANSAS CITY —Anticipation of brisk Fall business by merchants in agricultural centers brought more orders to wholesalers; per cent larger than year ago. from 1936 held to 8 to 12 per cent. volume 5 to 10 Retail sales increased for week, but rise Returns from banner crops revealed in mounting bank deposits. Top prices for hogs and cattle lifting quotations on other live stock. LOUISVILLE —Off somewhat for the week, retail sales still exceeded the 1936 total by 10 1o 18 per cent: most of the decline in housefurnishings and furniture. Wholesale volume ahead by 15 to 20 per cent, led by dry goods. men's and women's apparel, gift items and millinery. Good crops benefiting country merchants. favorable. Conditions in coal mining districts less PITTSBURGH —Unchanged from the previous rate, steel operations to start week at 85 per cent of capacity, a new Summer high for peace vears per cent ahead of 1936 week. No. 1 scrap up to $21.50 a ton from $18 five weeks ago; most of the lag in retail sales attributed to men's clothing and shoes; total 8 to 14 Building expansion under earlier estimates; some increases in individual dwelling projects. ST. LOUIS —No Summer let-down in most industries: operations in all major divisions at faster rate than year ago. Shoe factories near capacity. wholesale volume 15 to 25 per cent, End of strike wave has increased consumer purchasing power: retail sales 12 to 20 per cent ahead of last year's. Comparative gain in due to heavy buying in farm areas, Wwhere prices are firm for the large crops. Mining districts more active. YOUNGSTOWN.—Establishing a record for any first week of August, steel operations started at 80 per cent of capacity, a boost of 3 points. Of the 83 open hearths 71 will be active, contrasting with 68 a week earlier. Retail sales up 12 to 20 per cent from 1936; better qualities of apparel, house-furnishings and radios in strong demand. Building slow to recover from strike zetback. NEW YORK BANK STOCKS NEW YORK. August 7 #.—New York Becurity Deniers Asraciacion Asked Bk of Man (173) 3215 Bankers' Tr (2) Bklyn Tr_(4) Gen Han Bk & Tr (4) e Bhe e Tr (1 80 Commercial (R} Cont Bk & Tr (80 Corn Ex Bk & T (3) Empire Tr (1) (Bos) (2) First Nan B0 Guaranty Tr (12) Irving Tr (.60) Manufacturers’ Tr (2) ~_| Manufacturers’ Tr pf (2) Natl City (1) N Y Trust (5) Public_(1'2a) Title G & T CHICAGO LIVE STOCK. CHICAGO. August 7 (P.—(United States Department of Agriculture.) —Hogs. 1.100. including 100. Market nominal: no_auota- tions: ~shippers took nothing: estimated holdover 1,000: compared with week ago light lights on Diss higher: butchers from 180 pounds up 50-60 cents higher; packing sows 65-75 cents higher. Cattle: 1:000 calves: 100: comparea Pri- day last week: Medium weight and weighty steers strong to 25 higher: light steers and jearlings steady to wer: strictly grain- fed light steers and mixed yearlings strong, assy and warmed-up kinds. mainly common and medium grades. 50 lower: Lght young cows. called heiferettes in trade. “sharing decline: but cow market generally steady. cutters and fat cows grad- ing good and better getting best action bulls” 10-15 higher and vealers steady €ood and choice steers and yearlings pre- dominated in crop: she stock run. however, mainly grassy offerings; light-weight fed yearlings acutely scarce:'all grades weighty steers brought larger premium over com- Parable yearlings: extreme top fed steers. 17.15: next hig , 17.10: 1ight steer yearlings, e yearlingss 14 65, ring : “numerous loads. e BT I 1 Drice simesnier sinets around 14.00 Sheep: 6.000. including 2.000 directs. Por week ending Priday. 20800 directs. day last week: Spring lambs d: 75 p-m sarly: best vailable ackers: late bulk. "11.00- 1 -00-11.50: no_choice Westerns here. this weer. two. 1 me. dium to wood R0-pound Montana ranchers. 10.85 Tuesday: acc. £00d yearlings' R 5| oS, TO0I55: few wethers 6.00-8.00. FOREIGN EXCHANGES. NEW YORK. August 7 (.—Forelen grchange firm. sreat Britain, demand cables. 4.99%: 80. bill demand. d, 5 2 16.8414: Oerm.ny tree 4033, mm ered. 23.00: travel. 27.00 Holl G Orechaslovakis: Hunears, 19.78; 3.25n; Bras 3 ngh B : Mon! Yoo 00 Few ¥ York n Mongreal, 100,00 n—Nominal NEW YORK PRODUCE. YORK. August 7 (—Eaxs. au{et Nitged"colors, ‘whites, ‘o uncha d‘“r. “731; qulet “and unchanged. Prices unchanged t and by express, "M and frosen 20.- owns prices unchanged. A INSURANCE STOCKS NEW YORK. August 7 Security Dealers Aetna Oas (2a) Eoes Aetna Ins (1.60) Aetng Life (R0a) Equit (1.60a Ins Nwk ('3 Reins (80g! Reserve (1a) Surety Automobile Balt Amer (2 Carolina _(1.30) 2 City of N Y (1.20) Conn Gen Lif (X0) Contin Cas (1.20) _ _ Fid & Dep (4a) z Eiremens Rk ¢ 50) # —New York Association Asked A8La g) ) Glen Falls (1 Ay Globe & Rep (.80a) Globe & Rut - Great Amer (1a) Hanover (1.60) Hartford Fire (2) _ Home Fire Sec Home Ins (1a) Homestead (1) Knickerbocker (.S0) Lincoin Fire Maryland Ci Mass Bond (i Natl Fire (2 2 Natl Liberty (20a) N Hamoshire (1.60a)" Fire (.R0a) Nor River (1) Phoenix 12a) ___ Prov_Wash (1)~ Revere (P) In (1.30) Rossia Ins (.60a) St Paul Fire (6a) Springfleld Sun Life (7lag) Travelers ) Pire (2) o= Westchesser 1 208) —Also extra or extras. s—Declared or paid 8o far this year. FEDERAL LAND BANKS NEW YORK. August 7 bank bonds r Rate Maturi Nov., 185! (®).—Pederal land 1Bl Asked 1007 T10212 1007% 110 Z1007 C101 Z101v J101% U. S. TREASURY POSITION. By the Associated Press. The position of the Treasury August 5 Becelots., SE: 166 expenditures. o Gwmoanas s 195 1956-46 $2.8 e Cstoms receipts for the month, $6.405.393.45. Rece for the fiscal year (since July . $538.279.624.16; itures. ~$8 847 emergency expenditures; excess of expendi- tures, $265,200,547. d 310.01 over the previous day: sold assel $12470.651.717.05, including $1239,229,- 420,57 of inactive wold. METAL MARKET. il ol IYO‘R§ ol Am'-“lnd future. 14 8:7’ ectrolstic :':D.odr{ bt e‘IO sfl. Other metals nominally unchlnl!d =, MONTREAL SILVER. . udn-m.l‘nt Au:u;zu-r Wt Borentbers 4T3 UBeceranar, March, 44.005. b—Bid. STOCKS MOVE UP FRACTIONS 0 Gains Widely Distributed. Steels, Specialties and Mines Lead. Stock Averages 0 18 13 80 Indus. Rails. Util. Stks. Net change .5 5O Y Today close 979 39.1 432 693 Prev. day .. 974 387 43.1 689 Month ago.. 934 402 421 671 413 534 696 495 540 753 361 391 626 435 537 T12° 302 434 557 s 87 239 169 -146.9153.9 184.3 157.7 - 51.6 953 618 €18 (Complled by $he Associated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer NEW YORK, August 7.—The stock market jogged into a rally today be- hind steels, mines and specialties. While the volume was nothing in excite commission houses, gains of fractions to 2 or more points were widely distributed at the close. Brokers said there was some short covering by traders who wanted tn get out of the market over the weei end. A little investment buying al<n appeared on the theory the list mav have dragged bottom during the past several days. Earnings statements, on the wholr, were cheering, but observers thought these may have been discounted some instances. Congressional hap- penings tended to promote wariness in speculative quarters although Wall Street generally believes adjournment is not far off. ‘The ticker tape loafed from the start and transfers were around 350 - 000 shares. Bonds did better in spots and com- modities were mixed. Copper stocks reflected higher ex- port prices and the feeling the domes- tic rate may be lifted in the near fu- ture. Rails came back as a more hopefu outlook was seen for the carriers noi- withstanding the dent that will be placed in net operating revenues b: increased wages. Conspicuous on the United States Steel, Bethlehem, Re- public, Youngstown Sheet & Tube, American Rolling Mill, Anaconda | Kennecott, American Smelting, 8t | Joseph Lead, Miami Copper, Calumet & Hecla, General Motors, Chrysler Mack Truck, J. 1. Case, General Elec- tric, Radio, Consolidated Edison, San- ‘Il Fe, New York Central, Southern | Railway, Chesapeake & Ohio, Revere | Brass, Armstrong Cork, Crown Cork, | United States Leather, Superheater { and Crane Co. | The majority of utilities. oils, rub- bers and mail orders moved rather | narrowly. upside were UNION BAG PLANS SHARE SPLIT-UP Board Approves 4-for-1 Proposal and Declares Dividend of 50 Cents on Common. Special Dispateh to The Star NEW YORK, August 7.—Directors of Union Bag & Paper Corp. yester- | day voted, subject to approval by | stockholders and registration with tne | Securities and Exchange Commfssion | to split the company's stock 4 for 1, |and to authorize $10,000,000 of eon- | vertible debentures, of which $7.000.000 will shortly be offered to stockholders under subscription rights on terms o be announced later. A dividend of 50 cents per share on common stock presently outstanding was also voted, payable August 20 to stockholders of record August 17 The board authorized a preliminary agreement with an underwriting group headed by E. H. Rollins & Sons, Inc For the 12 months ended June 30 net. profit was $950,390, equivalent to $3.60 per share. after all expenses and re- serves and provision for Federal in- come and capital stock taxes, but not. including any provision for surtax on undistributed profits. This compares with net of $278.923, or $1.05 per share, on the same number of shares, for the 12 months ended June 30. 1935 Net for the first half of 1937 was $631.167, as against $68,168 in the first half of 1936. DOLLAR MOVES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, August T (#).—United States dollar closed 4.98 11-16 to the pound in the foreign exchange mar- ket today, a net decline of )2 cent. This compares with New York's overnight rate of $4.98!2 for sterling French francs ended unchanged at 132.87 to the pound. CHICAGO STOCK MARKET CHICAGO. August 7 (#).—Following is the complete official list' of transactions in_stocks on the Chicago Stock Exchange STOCKS. 50 Abbott Lab - 300 Advance Alum - 100 Armour Co 50 Aro 350 Asbestos Mix 50 Autom Wash cv pf 50 Barlow & Seelig A 150 Berghoft Brew 100 Borg-Warner 100 Brown F&W 100 Burd Piston R.__ 300 Butler - Bros 150 Butler Bros pf 32 10 Cen 1il Pub 8ve pf 100 Cen-Tll Sec 50 Cen-Tll Sec pf 100 Chain_ Beit 400 Chi Corp 300 Chi Corp pf 150 Cities Berv 100 Club_Alum 10 Coleman L&8 20¢ Con Biscuit 550 Cord Corp 50 El Household ___ 50 Fuller MIg = 50 Gen_ Household 200 Gt _Lakes Dredge 100 Helleman (G) Br 900 Hupp. 100 Ind"ati” rod - 100 Jarvis (W 'B) 0 Katx Dru O] i a 10— D ABash oI 100K Blll: i 50 Lion Ol Ref 130 Merch & Mirs A” 180 M1d West Corp_ 2 30 Midl Util 6% 10 Midl Util 7% pf _ 50 Miller & Hart pf_ 50 Nat Battery pt - 100 Peabody Coal B__ 100 Pines Winter_ 200 Public 8v¢ n p. 70 Quaker ~ Oats 880 W Rollin Hos___ 100 Bangamo_ Kl um ek Corp B vyer meu Cast 350 Std 180 Bunstrand M Tool Bunstr M Tool rt ERS » & OFss w : = 2. =y S DI PR PP o i =5 9 St 24 0 ) HEEen R Ran=Sa00 o sl e F SSEEEFE § R Waras 19 199 et 8858 [ ] RIS e B0 Wooaii” Indust £:nck sales todar, 11.000 .