Evening Star Newspaper, August 9, 1937, Page 15

FINANCIAL, BONDS LITLESS, ON EVEN COURSE Governments Trifle Easier, Railroad Issues Move Narrowly. Bond Averages Rils. Indust. U ©en. Net change. Unc 1 Unc. Unc Today noon- 91.1103.3 98.2 Prev. day... 91.11032 982 Month ago. 01030 97.0 Year ago. 210331025 010441028 0091022 958 982 104.4103.1 8691018 993 8 400 64.6 9591029 100.5 Month ago 1 1937 high. 113.7 1936 high_ 1135 1928 high_ 1044 1936 low. 1932 low_. (Comptled bs the Associated Press.) By the Associated Press NEW YORK, August fogged along an even cours listless Midsummer trading Governments were a (rifle ea. & whole, to lower United tion amon 9 —Bonds today in Gainers Northern 4 Prisco 4.5 fractions Missouri-Ka Internati ghowed & fractio were Americs and Columb’ Among fore were off 3 man 5'cs and Ite The Governme Iy absorbed renorts t suspend special bill offer week, due over $1.000,000,00 ceeds of “baby bo security t 1 NEW YORK BANK S OCKS xm\kn R h‘ an Power 55 | bond m well d from pro- and so cash ba 0 and ance of FEDERAL LAND BANKS 9 @ .—Federal land | gy B9 n o U.s. TRLASURY POSI’I’ION By the Associated Press Gold | ing S1.- CRUDE 0IL PRI(‘ES TULSA. Okla Central Norin y. scale eray (Permia $1.0 in erade (Rrad- ¢ Am Icecv 5353 NEW YORK PRODUCE. NEW YORK. Ausu<t 0 (P —Fsgs, 190, irregilar rei Bpecial © mediums 187,-19: average Cream- extra PARIS EXCHANGE PARIS, August 8 (#.—The United Stat dollar ciosed at 2AFI1. francs (37 cents to the franc) in fores trading today. compared with to the franc in New York o end. MONTREAL SILVER. MONTREAL. Augmist 0 (P).——Silver opened steady. unchaneed 44.75b; December, 44.705: March, RUBBER FUTURES. NEW YORK. August © (P),—Crude rub- r futures opened steady. % to 8 higher. Seprember. 15,79-80; December, 18.95-96: arch, STEEL QUOTATIONS. ¥EW YORK. August o (P.—Steel prices Per 100 pounds f.0.b. Pittsburgh: Blue annealed . hot rolled. 2.40; galvanized sheets black sheets, hot Tolled. 3.15. steel bars. 2.45 VOGT DIVIDEND ORDERED. NEW YORK, August 9 () —Direc- tors of Vogt Manufacturing Corp., De- troit. manufacturer of fabrics for the automobile industry, & dividend of 40 cents on the common | stock payable September 1 to stock of record August 18. The previous pay- ment was 20 cents. fu- | Sep- | announced | By priva U S Gov't Bonds..., Forelgn Bonds 5 Domestic Bonds. TREASURY. High. 99.4 103.11 101.21 100.21 100.16 3135 1946-49 3381941 338 1944-46 _ 3%5 1940-43June |3%s1943-47____ 431944-54 445315 4345 4108 1947-52 381047 104.6 2 ®1042-44 ___ 23,9 1939-49 3s 1952 __ - 103.4 Ablitibl Pa&Pw 5 Adriatic Elec 78 '3 Agr Mtz Bk Col 68°48 Akershus 55 63 Antioquia 7s'45 A Antioquia 7s '45 B, Antioquia 3d is 57 Argentine 4s 72 Argentine 434s 'T1_. Argentine 6s ‘57 A __ Argentine 6s 59 Oct . Argentine 6s 60 Oct Argentine 6s'60 May. 1014 Argentine 6561 May. 101 Australia 4158 '66.._. 1031, Australia 5s'55 10814 Australia 108 um 6s 110 117y 10048 10048 Bienos A 41387 Buenos Alres 4%s-4%s 76 April. Buenos A s: 61 st Pv. hile Mtg BK 65" fi] Chile Mtg BK 61;8" Colombia 65 ‘61 et Mtz E Copeuhagen ordoba inic 2d 5y s'69ext a7s'67 tdeb 7s 46 | Finland 6545 French Gov 7 Ger C Bk A 6538 Ger C Bk A 68’60 July | Ger C Bk A 6560 Oct- Ger Gov algs 65 8L _. Ger Rep 7s 47 stpd _ Ger RepTs 43 unst__ | Hungary Tizs'44. | taly 7851 = Ital P U Crd 7s '52.__ U\reug&runas 59 cfs | Japan 3izs 6o 1 Japan 6! | Jugos Mig Bk Ts | Lombara Elec ‘\]r»\ o4 asst \!Q\ 48°10-'45: 15!! sm Milan 61;s ‘Mm.&(‘,frsfi’ws Minas Ger Montevideo 65 '39 New So Walas 5s Norway 4s 63 _ Norway 41(s '65 | Norway 6s 43 | Norw Hy El51:8'57_ | Oriental Dev 6553 _ |0sloG & 3 Panama 5s'63 | Paris Orl R Pernambuco 7s 47 Peru 6560 | Peru 6361 Poland 6s'40 Poland §s 50 Queensland 7s 41 | Rhinelbe Un 7s '46 | Rio de Jan 6138 53 | Rio Gr do Sul 68 '68 __ Rio Gr do Sul 8s 46 _ Roumania 7859 Sao Paulo C 6158 a0 Paulo C 8552 Sao Paulo St 7s 40 Serbs 78'62 Stlesia Prov Ts'58 __ Talwan Elec 53871 Tokio 516561 Tokio E L Litd 68 '53 _ | Tyrol Hy Elec Ts | Uruguay 6860 | Uruguay 8s 46 Vienna 6552 _. Warsaw 78 '58_ Low. 99.2 103.11 101.19 100.20 FOREIGN BONDS. High. Low. Close. S99 991 Approximate Transactions Today. 210,000 910,000 4,160,000 Close. 99.4 103.11 101.21 100.21 100.16 101.15 104.31 2 105.26 6 9 10048 10048 1014 101 10274 108 1077y 110 1173 24% 26° 481 431, 43 510 DOMESTIC BONDS. | Adams Express 4s'48 10113 10115 D 41(s’46 std 2 Corp b8 ‘44 Alleg Corp 58 50 Alleg & Westn 48 | Allied Stores 458" | Allied Stores 4158 '51 Am & For Pw 5s 2030 Am1GCh6%s'4 Am [ntl 5%s 49 AmT&T 334561 AmT& T 3%s 66 AmT&T 4839 ___ AmT & Tb5%s 43 Am Wat Wks 6375 Anaconda deb 4% s Anglo-Chil Nit 75 ‘67 Armour(Del)1st 48'65 Armour (Del) 458’57 A T&S Fe 4s 05-'55 A T&S Feadj 4s 95 st A T&S Fe zen 48 '95 A T&S Fe TSCL 4558 Atl Coast L Ist 4852 AtICL un 4%s 64 Atl Coast Line bs 45 Atlantic & D 2d5s'48 _ AtIG & W 1st 58°59_. B&O 1st 43 48 B&O 4%s 60 O 15t 58°48 ref 58 95 A ref 63 2000 D__ 63796 F O ref 63 95 C_. B & O Swn bs 50 B& O PLE&W Virx41 Bell Tel of Pa 5s'60 C Beth Steel 3% s 66 Beth Steel 4% s 60 | Bos & Me bs 55 | Bos & Me 5s 67 Bot Con M 6%s'34 Bklyn Ed con 3% 66 Bklyn Man T ¢3%8 66 Bklyn Un Gas b5 '45 FBkiyn Un El 68 60 __ Bklyn Un Gas 5850 Bklyn Un G 68 57 B Buff R&P con 4% 8’67 Bush Term con 65 55 Bush T Bldg 55’60 _. Calif Packing 58 40 Camag 78 42 cifs Can'dlan NR ¢%s ‘51 Can'dian NR 4148’56 Can’'dian N 5'69 July | Can'dian NR58'69 Oct Can'dian P db ¢s perp Can'dian Pac 4%s 60 Can‘dian Pac 58 '54__. CaroCl& O 5 1051 1113 11315 103 91 1045 461 B& B&O B&O B&O B& ]04 114 114% 116% 118% 941y 103 10214 102'9 FEDERAL FARM MORTGAGE. 104, HOME OWNERS' LOAN. 100.31 100.29 100.31 - 101.10 101, 104.6 101.9 103.2 103.4 9%, 102 1008 10048 | 10048 1014 101 10274 1081 108 1001 102% 1063, 563 1097 104 114 114% 4 1164 94% 103 107% 107% 103% 103% 118% 944 103 107% 103% THE Car & Gen 58 '50 ww._. Cent of Ga 1st'5s 45 Cent of Ga 5869 C_ Cent Ill E & G 6851 Cent of N J gen 5887 Cent Pac 1st rf ¢8'49. Cent Pac 5s "60 Cent Steel 8s '¢41 Cert'd deb 5% s 48 _ Champ P&F ¢% s '50. Chi B&Q ref 6871___ Chi & B Ill 55 '51 Chi Grt West 4859 _ Chi Ind & Lou 45 *47_. Chi 1&L gen 65 ‘66 CM&StPd4s'39 CM&StP 4158 '8 E__ CM&StP5s'T5 CM&StP&P adj5s2000 Chi & NW 4% Chi & NW gen 58°87_. Chi & NW rf b= 2037 _. Chi R I&P rf 4s 34 Chi R I&P rf 48'34ctf. Chi R I&P gen 4885 Chi RI&P 4s'88 ctfs_. Chi R I&P 4% 852 Chi RI&P 4% '62 ctf Chi R I&P 4%s8 60 Chi & W In con 45 '52 Childs & Co 68°43 CCC&St L rf 4%s'7TE CCCA&SUL StL dv4s'90 Clev Un Ter 414817 Clev Un Ter 53,724 *[{Colo& So 434580 _ Columbia G & E 5s ‘52 May Columbia G&E §s'61- Colum Ry P&L 48 '65 Comel Credit !%5'51 | Com Inv Tr 33851 | Cons Coal Del 5860 Cons FAN ¥ 3% 8'46. Cons EAN ¥ 315856 | Cons Gas NY 416851 | Consol 011315861 | Consum Pwr 33870 Container deb 5543 Container 6546 ! Crown Will P 6s'51 _ Cuba Northn 516842 | Cuba RR 18t 5 | Del & Hud ref 4s 43 | Del P& L 412871 | Den & R G con 4836 I Den & NG 4 6 D& RG Wrf | | Flec Auto Lite 4552 | Bl Paso N G 4%s '51_. | Brie cons 4596 | Erte gen 4596 | Erte ref 8 '67 Erieref 58'7 | Fairbks Morse 4s Fla ECRy 5374 Fla EC Ry 5574 etfs Gen Mot Acc38°45 . | Gen Mot Acc 3% s 51 Gen Stl Cast 535849 Goodrich 43,856 ___ Goodrich 6545 | Goodvear T&R 6= Goth Silk H 55 '46 ww Grand Rap [ 45 '41_ Grt Nr Ry 3% 67 Great N Ry 48 46 G . Grt N Ry 4546 H GUNRgn41;8'76 D GrtN Rgn 41,877 E Grt NR5%s 52B _ Gulf Sta Stl 415 '61 Gulf States Util 45'66 Gulf Sta Util 435546 Hack Wat 1st4s'52 _ | Har Ry P C1 5t4s 54 | Hoe (R) 1st mtg 44. | Houston O11 %2 0. | Hudson Coal 6852 | Hud & Man tnc 68 '57_ | Hud & Man ref &5 '57_ | 111 Bell Tel 313870 | 11 Cent 4s 51 111 Cent col tr 4553 | [11 Cent ref 4855 11 Cent 4% 66 | 111 Cent ref 5s = | ICC&S1 L N O 6863 | 111 C&C SL&NO 55 51 LIl Steel deb 43,8 '40_ Inland Stl 33861 Int R T 1st rf 58 '66_ Interlake iron 48 '47_ Int Agr-cl 5542 stp_. Int GrtNr 58 ‘56 B Int Grt Nr 6s'52 A ___ Int Grt Nradj 68’62 A Int Hydro Elec 6544 Int Mer Marine 6841 Int Pap ref 6365 Int T&T cv 4%48'39__ Int T&T 414852 Int T&T 5865 __ James F & C 4339 Jones&L Stl 414 s'61A Kans C So 1st 35 '50 Kans City Soref 5 Kans C Ter 1st 4560 Kings Co El 45 '49 | Kresge Found 4s "45_ 0 Laclede G 634353 C Lake S&M S 314897 L E& Westn Leh Val Coal 5 Leh V NY Leh V P con 48 2003 Leh V P con 4348 2003 Leh V RR con 63 2003 Loew's 313846 Long Isl ref 4s°49_ Lorillard 5s ‘51 .- La & Ark 53 69 L & Nash 3%s 2003 L& N Lst 482003 L & N unif 4540 L& N 4%as 2003 C L& N 53 2003 B L& N So Mon jt 4s'52 McKess&Rob 518'50 MeC RR gn4%s'60 A Manati Sug 71558 '42 Man S 1st T%8'42ctfs Manhat Ry 4s'90 Marion Stl Shov 6s'47 Mead Co 63 '45 Met Ed Ist rf 414868 Mil El R&L 5861 . Mil El R&S L rf 68'71 Mil Spa & N W 45°47_ MStP&SSM cn 4s°38 Minn & St L 6s'34ctfs MStP&SSM 5s ‘38 gtd MStP&SSM 51549 MStP&SSM rf 65 '46A Mo K & T 15t 4890 __ MoK & T 6862 A Mo K & T adj 58 '67 Mo Pac 476 Mo Pac 5817 F Mo Pac 58 '80 H Mo Pacific 55 811_. Mo Pacbls 49 A Mob & Oh M div 5847 Monong Pub S 4%s'60 Monong Pub S 6s '65 Mont Pwr 3%s 66 Morris & Es 3,8 2000 Morris&Essex 58 55 Nashv C&St L 4578 Nassau Elec 45’51 std Naul Dairy 3% s8'51ww atl Dis P C 434345 Nat RM 4%8°26 asst Natl Steel 48 &5 New E T&T 1st 58°'52 New Orl PS6s 56 B New Or Ter 1t 45°63 New Orl T&M 634854 N Y Central 3% = NY Central 3% NY Cent 48 '¢2 NY Cent con 4s 98 NY Cent rf 4%s 2013 NYCrf4l4s2013n_. NY Cent rf 68 2013 NYC LSh3s"98 NYC&St L 4%8°78 __ 7 NY Edison 3%s 65D NYL& W 1st 4s'73 NYNH&H 4855 NY NH& H 4867 NY O&W ref 43 92 NY Steam 6a ‘56 NY S&W 1st rf 58°37 Y Trap Rock 63 46 NY Tr Rk 6s '46 stp NY W&B 418 48 Norf So 1st b Norf & W 1st ¢ North Am Co 68°61__ North Am Ed 65°69 € Hieh, Low. Close. 100% 1008 100% 9% 79 14 103 5074 1 102% 50 109% 943, 121% 1061 1038, 1021 1ot 181 1100 1141 106% 2 109 2 1041 99 Thig 70t 70 1033 1815 110% 1141 107 1091 104y 99 7615 708 70 1033 124 12 104 210214 R2 101 1041 104% o8 1043 95l 1041 104% 961 G620 % 10315 99 3478 a5 100 107% 105 109 98 104 100 107% 109 97 104 255 25l 116% 116% 1164, 104% 104% 104% 104 104 104 A |StPRCSLane 1. | Third Av 1st | Utah P& L & | W Sp Stl con 7s 2 1041 | NAN EVENING STAR, WASHINGTON, 5 . *¥% A—15 W_W_‘——__—__—'—\% BONDS ON N. Y. STOCK wire direot %o The Star. EXCHANGE High, 104 5% 105% 100t 1003 110% 118 Low. Close. 1037 104 5 5% 105 105 1004 1004 10015 100% 110% 110% 118 118 107 107 91 917% 917 4 100% 100% 10374 104 107% 107% 98y 98% 978 9T% 6613 661 923, 100% 103 102 10515 100 2 1131 4 108% 108 4 111% 1027x 2 11819 114% 954 North Am Ed 5% 5’63 Nor'n Pac gen 38 2047 Nor'n Pac 48’97 ___. Nort'n Pac bs 2047 C.. Nor'n Pac 58 2047 D. Nor'n Paa €5 2047 Oreg Sh Line 58 '46._. Oreg W RR 48 61. Otis Steel 414862 Pac Gas & E13%s 66 PacG& E3%s 61 PacG & E 4564 _ Pac Mo 1st 45 °38 Pac RR Mo 15t 5538 Para Broadway 3555 Param’t Pic 3%# *47 Paramount Pic 63 '55. Penn Co 4563 __ Penn P & L 434881 Penn RR 3% 8 w1 Penn RR 3%s 70 C _ Penn RR cn 4848 stp Penn RR 41881 D__ Penn RR 41 s 84 108 Penn RR En 474565 11115 Penn RR deb 416870 1024y Penn RR gen 6568 11814 People GL&C rf 5'47 11414 Pere Marq 4% ‘80 95% Phelps Dodge 314552 118% Phila B&W 4%s'77 Phila Co 5567 Phila Elec 816867 Phila & R C&1 6873, Phila & R C&163 49 100% 103 102 105% 10014 1131y 1081 W Va 4148'59 B Pitts&W Va 4%45'60 C Port Gen El 4148 '60 Porto Rico A T 6s'42. Postal Tel & C 5s ‘53 Pressed Stl Car 63’51 Purity Baking 58 '48_ Reading Jer C 48 '51_. Reading R 415897 A Reading R 41897 B_ Rem-Rand 43 s'56ww 1 Republic Stl 4328 ‘50 Republic Stl 414856 Republic St1 4758612 Republic St1 53,8 '54_ Revere Cop 474856 _ ay Stores 7 2 1081 ]n( 103'z | 103 | St LS K 5550 B ctfs_ LS W ist4s’'89 t LS W 2d 4589 tLSWgnrf5s'90_ San A & A Pass 48°43 Seabd A L ref 45’59 Seabd A L 6545 A Seabd A-Flaba’ Sharon St cv 433851 Shell Un deb 3338 '51. Silesian Am Ts 41 Simmons Co 45 South Bell Southn Cal G 1004, 107 1001, 100% 107 £ 9975 So Pacref 4z 1065, So Pac 41:s '68 | So Pac 4138 69 So Pac41;s §1 So Pac Oreg 418 'T7_. S0 Ry gen 43'56 A S0 Ry b5 '94 So Ry 648 56 So Ry M & O 4538 Southw'n G&E Spokare In and Oil N'J 35 61 enn C&1 R | Tenn E1 Pw | Texarkana 5128 1ird Av ref 4 s Third A ad in ex 5 | Tide Wat 011 3355 Toronto 1§ Tri-Contl Un Oil of Cal 3335 '3 Union Pac 37 Union Pac 312871 __ Union Pac 1st 45 '47 Un Pac Ist rf 4s 2008 United Drug 58'53.... 1033 114 111 | U'S Rubber 55 47 Utah L& T bs 44 A 44 Util P & L 58 59 ww_ |UUHIP& L 5’47 __ Vanadium cv 5541 Ver Sug 1st 75’42 ctfs VaE&Plstrfas’s Va Ry 15t 3%,s 66 A_ | Wabash 1st 5s39____ Wabash 5s Wabash On Walker H&ES Walworth 48 ' *80 D | Walworth 6s ' | Warner Bros cv Ss 39 West'n Un 4 stn Un 5 West'n Un 5860 Wh& L Econ 45’49 Wheel Steel W Sp § Wilson & Co 45 Wis Cent 1st gn 4549 Y'ngstn S&T 3328’51 Y'ngstn S&T 4s 61 TREASURY N DEPOSITS ADVANCE DURING WEEK y the Associated Press. NEW YORK, August 9.—Treasury cash and funds on deposit with Federal Reserve Banks advanced sharply in the week ended August 4, the Reserve credit statement in- dicated. The upturn resulted from the issuance of an extra $50,000,000 in Treasury bills during the period, bankers said. Federal cash and deposits compared as follows: Week ended August 4, $3,914,000,~ 000. Previous week, $3,804,000,000, Same period last year, $2,866,000,- 000. « 103% INSURANCE STOCKS NEW YORK. August 8 (P —New York Security Dealers’ Association Bid. Asked Aetna Cas (2a) Aetna Ins (i 60) Aetna Life (80a) Am Surety (212) Automobile ( Balt_Amer Carolina City of N Y | Conn Gen Lif (:K0) Contin Cas (1 Fid & Dep (4a) o3 Firemens Nwk (.30) Frank Fire (la) Gen Reinsur ) Glen Falls (1.60) Globe & Rep (.80a)" Globe & Rut Great Amer (1a) Hanover (1.60) Hartford Fire (2) Home Fire Sec Home Ins (1a) Homestead (1) Knickerbocker (.R0) Natl Liberty (20a) N Hampshire (1.602) Y Fire (.80a. re Westchester (1.20a) a—Also extra or extras. g—Declared or nma 50 far this year. TOBACCO AVERAGE UP. NEW YORK, August 9 (#).—The average price of U. S. type 12, grade B4F, flue-cured tobacco for the week ended August 7 was 19.6 cents a pound, against 169 cents a year ago, H. A. Stich; tobacco economist, reported. D. C, MONDAY, AUGUST 9, 1937 SOFT DRINK SALES WELL MAINTAINED Continued Gains Indicate Repeal Failed to Have Adverse Effects. Bpecial Dispatch to The Star. NEW YORK, August 9. —Repeal of the prohibition amendment has not ap- parently had any adverse effects upon the non-alcoholic beverages industry and the total value of its production during the past year is estimated at from $350,000,000 to $425,000,000, ac- cording to the Index of the New York Trust Co. Other estimates indicate a progres- sive increase in consumption of soft drinks since 1932, the last full year of prohibition, it is stated, and while non- alcoholic beverages currently appear to undersell beer, it is believed they surpass distilled liquors in total value of sales. “Since ease of manufacture of the majority of soft drinks and the changeability of public tastes are sl- most certain to lead to a continuation of highly competitive conditions,” the Index says, “the industry’s merchan- dising and distributing problems will continue to engage its greatest atten- tion. The seasonal character of the business in general, some 60 per cent of sales being normally consummated between May and September, also con- stitutes a troublesome factor which manufacturers are attempting to ob- viate somewhat by promoting Win‘er as well as Summer consumption. he future expansion of the indus- | try would thus appear to be largely dependent upon its success in further stimulating public demand for its products through effective advertising and distribution and in meeting com- petition both within its own ranks, from alcoholic beverages, and from tea, coffee. lemonade and other home- made drinks which are being actively | promoted by the sellers of the neces- Washington Produce et £ 0 b Wash- paid shippers v g of Agricultural he U.'S. B! it steady: receipts receip o aded ar dda re- coi- 0. 2 roosters, 10 ckens some fancy lots ' cent Truck and express re- 1 000 supplies moder- ot steady. North v section. Salmon Meats 'vda1c crates. all sizes. labeled. F5-1 00 Michigan arrived: three fack: subplies light, de- ket iteady New Yo wa M ienican " Righbatis three unbroken cars on | ight htly ke Teeberz type few 4.00. 4 dozen. ern crates, Big Boston type. dozen’ 3.50- New Vork. 2 dozen: 50-nound 1. New York . fm conditlon, 80-1.00; Penn’ One North_ Carolina. one five broken snd | track. — Supplies market weak baskets. Elbertas. De- 100-pound S : New Jersey. s Pensylvania. 90-1.00 TOMATOES-Nearby truck receipts mod- Supplies moderate. Demand light. ¢t steady. Nearby. 'z-bushel baskets, Pirein Carolina_ Truck receip liberal. Demand slow Carolina. and 6 cars North liberal. Supplies market weak. North Watsons. 20-30 Demand bushel ght. _LIMA BEANS Supplies New Jersey ket steady. 30 _poorer. NAP' BEANS -Supplics light. Demand market weak. New Jersey. Penn- vania. bushel baskets Green flat type. SPINACH-—Supplies light. Demand light market_ stead Bushel baskets Savoy Pennsylvania. 80-1.00: New York. SWEET POTATOES-One car Louisiana arrived: 1 unbroken car on track. Sup- plies light, Demand slow. market steady. <hel _crates Porto Ricans. U. Florida and North Caro- 4 track 4.00-6.00 as to grade 4 unbroken cars on California. boxes, No carlot arrivals; one broken Ch ia. hoxes. No. 1, 7.00- £.50-7 00, as to size ES—North Carolina and quart pe: ew Jersey, cultivated. 18220 flats. | 1.00-1.25. s or buneh ol UIMS California boxes. various vari- fes. LIMES— Florids. 4/3 bushel boxes. 3.50; NEAPPLES —Cub: e bushel hoxes Crates. 3.00-4.00, AS 1o size \"ARROF%—:"Enn'yI\Inu i13-21y r bunch _ Ohio. uart baskets 50-40 > bushel Pennsylvania, lifornia lugs. Thompson 00: Red Malagas, 2 0 'PEARS - No arrivals: one broken car on California. Martletts 2 95-9.75. as to size MONEYDEWS-No carlot broken cars on track. California. stand- ard_and jumbo crates. s impey all sizes. 1. MONEYBALLS-—No carlot arrivals; Broken car on track APPLES- -One California_arrived; two broken- and two unhmnn ears on track. NEWSPAPER RETAIL ADS ARE UP 30,789,241 LINES By the Assoc|ated Press. CHICAGO, August 9.—Advertising Age reported today newspaper retail advertising in 79 major cities in- creased 30,789,241 lines during the first seven months of 1937 in com- parison with tha same period last year. Total retail ldveru.sing was up 5.4 per cent«for the period, although the week ended July 81 showed a 0.2 per cent decrease in lineage compared with the same week of 1936. carlot un track boxes arrivals: two FINANCING TO INCREASE. NEW YORK, August 9 (#).—New financing scheduled for the coming week includes 1 State and 49 munici- pal issues totaling $12,611,564, against a revised total of $6,542,240 for this last week, the Daily Bond Buyer re- ported. New bond offerings for the year to date now average $28,636,404 weekly, IFID Government S | 5. | similar amount of outstanding 5 per | | 0- éavc }/ete ELITY MUTUAL LIFE REVEALS LARGE GAIN Sgecial Dispatch to The Btar. NEW YORK, August 9 —For the thirteenth consecutive month the Fi- delity Mutual Life Insurance Co. re- ports a substantial gain in new paid life insurance over the corresponding months of 1936, increasing insurance in force to $361,665,700, a gain of $6,038,000 during this period. New paid life insurance increased 9.86 per cent. On a 12-month basis new paid life insurance increased 14.7 per cent over the previous 12 months and the lapsed and surrendered policies were 17.3 per senz less. MARKED CHANGES INPROFITS LIKELY Poor’s Declares Artificial Cotton Would Affect South Sharply. Brecial Diiratch to The Star. NEW YORK, August 9.—As major inventions are developed in the future, marked changes in earnings will result in those industries affected both di- rectly and indirectly, according to Poor's Investment Advisory Service Even companies which possess a good investment rating and which have favorable growth possibilities at the | present time may lose their leadership | to new organizations bringing out new products or services. While revolu- tionary changes do not occur over- night, trends of probable future prog- ress should be watched with interest, | and attempts made to anticipate their effects. Farm Changes Possible. “One development which must be considered possible in the future is the successful production of artificial cot- | ton,” states the analysis. “Large-scale | manufacture of such a product would | bring sweeping changes in the eco- | nomic complexion of the agricultural South. All industries serving lhaset areas would feel the effects in varying | degrees. | “Agriculture in the future may also be profoundly affected by the progress |in chemical research. Treatment of plants with chemicals has been used experimentally to hasten their matur- ity. We can only surmise the far-| | reaching effects that future develop- | ments along these lines would have on | agriculture directly, or indirectly on | industries having extensive farm || | markets, such as fertilizer, farm im-{ plements and agricultural machinery. | Aviation Faces Shifts. \ “Aviation, admittedly still in its in- H fancy, is another industry which may | be affected by major inventions. How- | ever, this new field of transportation offers outstanding prospects for enor- mous development over the longer- term. Experimentation on steep- flight aircraft may bring marked prog- ress, with resulting change in the ou*- | look for aviation as a result of possi- | bilities of landinz and taking off almost anvwhere in a relatively small | space. The future trend of develop- | ment in the transportation field indi- | cates the possibility that the railroads | of the future will be used chiefly (or‘ freight, and roads primarily dependent | on passenger traffic would occupy an inferior industry position. “The building construction field | holds possibilities of further sharp | | growth in the popularity of air con- ditioning, the use of pre-fabricated houses, and adoption of new materials for construction. The long-term out- look for new building activity, with particular emphasis given to the proper installation of equipment, indicates that the potential market for air- conditioning equipment will be enor- mous. Further progress in the manu- facture and marketing of pre-fabri-| cated houses is looked upon by many as the most likely solution to the prob- | lem of the current high building costs, | particularly to the construction of small dwellings. PSS -|C. & M. V. AUTHORIZED TO ISSUE NEW BONDS By the Associated Press. The Interstate Commerce Commis- sion has authorized the Cleveland ' & Mahoning Valley Railway Co. | to issue $2,936,000 of first mortgage 4 per cent bonds to be sold at par. | Proceeds from the sale will be used | to meet at maturity next January 1 a | | cent 50-year gold bonds. BOND OFFER EXPECTED NEW YORK, August 9 (#)—Funds | reported in financial circles an offer | to extend for 10 years the maturity of | the New York, Chicago & St. Louis| first mortgage 4s of 1937 would be an- nounced soon. The bonds are due October 1 and are outstanding to the extent of slightly more than 8§16, 000,000. e e VISIBLE GRAIN SUPPLY. NEW YORK August 4 (% —The visible supply of American Erain’ sho: ol e T n B o o greased (BT 000. corn decreased 860 000: oats increased * A18.000: rye Crensed "78,000: bariey increased 621,000, | | | INCREASE YOUR INCOME || INSURE YOUR PRINCIPAL Come in and let us give ou complete facts. very account up to $5,000 is fully J niu tttl and liberal dividends are credited every six months. Under Supervision of the United States Treasury Jnleuiaia BUILDING ASSOCIATION Washington Building 15th St. & New York Ave. District 9486 | extent, FINANCIAL CAROLINAS' LEAF MARKETS 0 OPEN Predictions of Bumper Yield Lend Cheerful Outlook to Growers. By the Assoclated Press. RALEIGH, N. C., August 9.—Hope- ful of high prices, tobacco growers of the two Carolinas will begin to- morrow converting into cash a crop that last year brought them $117,000,- 000. Sales will start simultaneously on 16 markets to the singsong chant of the auctioneer and the curious pan- tomine of the buyers, inching along | the long rows of doughnut-shaped piles of “weed” in giant warehouses. Predictions of farm experts of a bumper yield, together with reports of good prices on the earlier-opening Georgia markets, lent a cheerful out- look to the growers, who are hauling— by truck, trailer and wagon—their crop to market. From each of the markets—and some of them have as many as nine warehouses—came reports that large opening day sales were in prospect A large opening day “break” means “blocked” or carry-over sales and it is sometimes several days before the jam is over. The so-called border belt is made up of seven market towns in North Caro- lina—Clarkton. Chadbourn. Fair Bluff, Tabor City, Whiteville, Fairmont and Lumberton—and nine in South Caro- lina—Muliins, Timmonsville, Conway. Darlington, Dillon, Kingstree, Lake City, Loris and Pamlico, Prices on the Georgia markets last week averaged from 22 to 27 cents a pound. Good prices on the Carolina markets, however, depends to a large experts said. on whether the crop is of the quality and type most | desired by the buyers North Carolina is the Nation's largest grower of flue cured tobacco. The old North State’s estimated production this year is 541,620,000 pounds, an in- crease of 18 4 per cent over 1936. The border belt” represents only a frac- tion of the State's crop The Eastern or “new bright North Carolina will open August 26, followed by the openings of the mar- | kets on the Middle belt September 1 on the old bright belt '5“D'r‘r"b"‘ 26 and on the burley be in he Autumn ?’a'l* p""!‘ilF'""l able" prices wi prevail. The average price paid in North Carolina as a Whole last season was 224 cents a pound. The average in South Carolina was 1988 cents. Investments First imortgage notes, 6% =i Washington and near- $500 up. Interest 6% per anmum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Marylond. Denominations of Established Nearly 4@ Years Income Ample! Protection Substantial! FIRST MORTGAGE NOTES You will enjoy a safe, secure, permanent income with these Shannon & Luchs first mortgage notes. SHANNON & LUCHS Members of the R Washinoton eal Estate Board 1505 H St. N.W. Natl. 2345 N N MONEY TO LOAN ON REAL ESTATE MONTHLY PAYMENTS IF PREFERRED Our Real Estate Officers Tnvite You te Confer e Washington Loan & Trust Company shar 1TTh & G | | | Mamber, Federcl Reserve Sysiem and Federai Deposit Izsurance Corporation. LAAAAA ON IMPROVED $1,715,606 NET SHOWN BY COLGATE COMPANY By the Associated Press. NEW YORK, August 9 —Colgate. Palmolive-Peet Co. today reported surplus net profits of 81,715,608 earned during the first six months of this year. The half years profits represented an earning of 50 cents per share of common stock, S. Bayard Colgate, president, reported This earnirg was determined after providing for regular preferred stock dividends and deducting a $500.000 loss incurred at the Jeffersonvilla, Ind, plant by Ohio River flood wate The total surplus account was reporte ed $9,153276 on June 30 DENIES CHANGES DUE. NEW YORK, August 8 () —There no radical changes in the |amended plan of reorganization of | Standard Gas & Electric Co, | Samuel McRoberts, chairman of the | Protective Committee for the holders of notes and debentures, stated todas No changes are contemplated which might affect holders of notes or deben= tures, ‘he said. 300 TONS OF LEAD SOLD. NEW YORK. August 9 (&) —St. Joseph Lead Co. reports 300 tons of | pig lead from Southeast Missouri mines sold Saturday, $6.35 per hun- ’ dred pounds, St. Louis. NEW YORK BAR SILVER. NEW YORK. August 9 (&) .—Bar silver steady and unchanged at 443%. 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PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest balance charged only on unpaid of principal. EQUITABLE CO-OPERATIVE B UILDING A SSOCIATIO 915 F STREET N.W. Organized 1879