Evening Star Newspaper, August 9, 1937, Page 16

35 3% % UPTURN GENERAL il FIFTH DISTRICT Charfeston’s 14 Per Cent Gain in Week !s Best Wiark Reached in This Area. BY EDWARD C. STONE, Comparative figures from the Com- merce Department’s weekly review of trade conditions show that Charles- ton, 8. C,, led the fifth district in sales gains last week with an advance of 14 per cent over the same period a year ago. Washington's gain was just un- der 4 per cent although 8 per better than in the previous week. That the southern part of the fifth district should show further prosperity is indicated by an announcement that an allot of $288.000 has been made for P. W. A. projects for the first six months of the present fiscal year ston Navy Yard. Al- a comp: vely small amount, yet it will help the present upturn. High lig rom the report show that both bank clearings and debits were higher in Baltimore than in the previous week and that buying for Fall requirements is isfactory.” Tem- ave prolonged the demand for Summer goods. Norfolk reports that the upward trend in the wholesale hardware de- mand continued in July when business Was approximate per cent ahead of last year. Coal business at Hamp- | ton Roads advanced sharply last week and bank debits were better than in the previous weck or the same period & year ago, al cotton prices slowed up dry goods cent from the Commerce report that oth S in the fifth provemert. o Yyear, Tncome Advances Forecast, The Brookmire Economic Map, | whic ¢ look. stresses the the farmg e Fall season. tes that consumer in the last six r will be 16 per cent 0 and 32 per cent | > for the same | t half of than t better than The fore- for Washington Brtfllhlnn Spell Nearing End. 1 its report out today. ns in the steel | tending automobile r car output comparisons FINANCIAL. Prev. 1037 Stock and High. Low. Dividend Rate, 8413 63% Acme Steel (4) ._-. 22% 15 Adams Exp (308).. 215 Adams-Millis 8 Addressog (1.40) _. 2 Advance Rumley __ 80l 644 Air Reduction (1a)_ 5% 2l Air-Way El Ap _ 15% 1T Alaska Jun (.60a)_ 5% 2% Alleghany. . - 45% 3014 Alles Steel (1.20g) #5814 215 Allied Chem (6) ___ 334 20 Allied Mills (2g) - 15 Allied Stores (.20a). 74 Allied Strs pf (5) . 57 Allis-Chalmers(1g) 2214 Alpha Portland (1) 4% Amal Leath _ 5 80 Amerada (2) £ 2014 Am Bank Note % g 57% Am Brake Sh(1%g) 90% Am Can (4a) _ 28 Am Chain & C(14g). ‘115 Am Chain pf (5) 's Am Comel Alco Am Crystal S 2% g _. 5% Am Encaustie Til__ uropean Sec _ Am & Forelgn Pow_. AM&FPS6pl Am & For Pw $7 pf . Am & For Pw 2d pf. Am-Hawaiian S (1) Am Hide & Leath . Am Hide & L pf (3). Am Home Pr (2.40). Am Ice A Am Ice pf (1g) Am International Am Locomotive Am Locopf 4 Am Metal (%g) Jh Am Pow & Lt AmP&L $5 pf ) AmP & L $6 pf (6) Am Rad & St S(.60) Am Roll Mill(1.10g) ‘% Am Safety Raz (2)_ Am Seating (4g) - Am Shipbldg (2a) Am Smit& R(2%g) 2 Am Snuff pf (§) Am Stl Foun 1.5 Am Stores (1« Am Sugar Ref ( Am Sumatra (1a)__ Am Tel & Tel (9) Am Tobacco (5) Am Tobacco B (5) Am Tob pf (6) ___ m Type Fdrs Am Wat Wks Lfi(‘fl) Am Wonlen 2 Am Woolen pf (3k) . AmZincL&S ine & Lead pf Anucond W Anchor Cap (. 3UR)A. Armour 111 (.558) - Armst'g Ck (1.50g) x Arnold Const (%g). Artloom Asso Dry Goos Assoc Invest (3) Atch T&S F (2g Atchison pf (5) Atlantic Coast Line AtlGulf & W Ind Atl Gulf&W Ind pt_ Atlantic Refin (1) __ Atlas Corp (.80) Atlas Powder Auburn Auto Austin Nichols Aviation Corp N Baldwin Loco (r) _ Baldwin Loc asd(r) Baldwin pf asd(r) . Balto & Ohio - Balto & Ohio pf _ Bang & Ar pf (5) Barber Co (% g)- Barker Bros __ Barnsdall (1) Bayuk Cer (561 Beatrice Cr (1a) . Beat Cr pf ww (3) Beech-Nut P (4a) _ Beldin-Hem (1) Bendix Aviat Benef Ln (1. Bethlehm Stl 2.5 Beth St17% pf (7)- Blaw-Knox (.458) Bloomingdale .85 Boeing Airpl Bohn Alum (3) 2+ Bon Ami A (3g) 20% 273 21007 . while general ac- d somewhat from the Spring prax was to be expected— the recession has been not much more than seasonal. The service concludes that August will mark the low point of the Summer breathing spell, and that a substantial upswing is indi- cated by Fall. Peoples Drug Earninzs Rise. Net sales of Peoples Drug Stores, | Inc for July totaled $1.868,2: g $1.7 1 in July. 1936, an| increase of $135.711, or 7.8 per cent. For the first seven months of this year net sales amounted to $12,772.- | 842, the Washington head office re- | ports, in comparison with $11,599,873, an increase of $1,172.969. or 10.1 per | cent, Sales in July showed a better percentage gain than in June, when business was 5.6 per cent ahead of the | same month a year ago. Maryland Gas Receipts Gain. Gross receipts from the 4 cents per | gallon gasoline tax in Maryland in the first seven months of 1937 totaled | 971, an increase of $726.183 over ,021.788 collected in the same period of the preceding year, accord- ing to State Controller William 8. Gordy, jr. Receipts for July were $£979.653, against $870,833 in July, 1938. The State of Maryland will receive bids tomorrow on an offering of $3,408,000 2% per cent general con- struction bonds. The week promises to be quiet as far as new bona issues actually placed on the market are concerned. Vacation Period Continues. Corcoran Thom, president of the American Security & Trust Co., is taking his vacation, at present being gt the Summer place in New Hamp- chire. He is quite likely to cover a lot of other territory when he gets to looking over the motor maps. H. Arthur Lamar, of the trust de- partment of the Washington Loan & Trust Co., wWho is an ensign in the District of Columbia Naval Reserve Corps, sails on Saturday aboard U. S. 8. Badger for the annual cruise with the Atlantic Training Squadron. St. Thomas, Virgin Islands. will be the rendezvous of the fleet, which will re- turn about September 1. Paul P. Rodler, partner in W. B. Hibbs & Co, was back at his desk today after a two-week vacation. Heard in Financial District. Robert N. Denham, manager of the | Washington office of Mackubin, Legg» & Co., is distributing the firm’'s very elaborate semi-annual publication en- titled “Industry Reviews and Fore- casts.” The review includes a host of statistics and presents some most in- teresting forecasts based on studies by the investment department. Trading opened the week with un- usual activity on the Washington Stock Exchange today. Washington Railway & Electric 4s moved at 106'; on an $8,000 turnover. Mergenthaler Linotype appeared on | the board three times at 43. Lin- coln Service preferred opened at 43 and closed at 42. Woodward & Lothrop preferred eame out at 122, off & point from the last previous sale. inst Bon Ami B (1%8)_ 2 Borden (1.60) Bors-Warner (2) Boston & Maine Bridgeport Br .40g_ Briggs M{g (113g)_ Bklyn-Man (21:g) Bklyn-Man pf (6) _ Bklyn Un Gas 2.30g Brunswick-Bal_.___. Bucyrus-Erie Budd Mfs 58 Budd Mfg pf Tl Budd Wheel (.20g) - 50% Bulova Watch (4a) 16'¢ Burlington Mills(1)x 2213 Burr Ad Mch(.658). 4's Bush Term (r) 12°x Butler Bros (.60) __ 281 Butler Bros pf(1%) 4'2 Butte Copper & Z _ 17 ByersCo __ i 2% Callahan Z-La4 12 Calumet & H (%g)- 24 Campbell Wy (1) 13 Canada Dry G Ale 11% Canadian Pacific __ 44 Cannon Mills (1g) _. Caro C &o st (5) 5% 30 Carpenter St 1.35g 91; 6% Carriers & Gen .10g. 1917 138 Case (J I) 100 85 Caterpillar Trnc(Z) 41% 26% Celanese (11,8) . 115 106'; Celanese pr pf (7). 481, 3613 Celotex (.80%) 8213 73% Celotex pf (5) - 39% 30 Cent Asuir (1% 12% 63 Central Fdy = 18 Central RRNJ ___ 60 Cerro de Pasco (4) - 1113 Certain-teed > 4813 Certain-teed 6% pf 107 Champ P & F pf (6) 14's Checker Cab Mfg__. 67 Ches Corp (3) 50% Ches+ Ohio (2.80a) 91 Ches&OpfA (4)__ 24 Chi & East I1l (r) _. 613 Chi & East I11 pf(r). 2 Chi Gt West (1) 8% Chi Gt West pf (r)_ 24% Chi Mail Or (1%a)_x 1% Chi MSt P& P (r) 1 3% Chi M St P&P pf(r). 3 Chi&NW (r)_ 21 Chi Pneu Tool 15% Chick Cotton Oil___ 9% Childs Co = 94 Chrysler (7g) x 55 80 City 1& F pf (6%). 100s 60 City Investing(2g). 20s 63 City Stores 7 321 Clark Equip (1.60)- 11 Clev Graph Br (1g) 4 4714 Clev & Pitts sp(2) _.x 1008 49% 3% Cluett Peabody (1). 2 27% 1Afl‘7 1223 Coca-Cola (3) - - 1159 253, 17% Colgate-Palm (12)- 31 18% 10412102 Colg-Palm pf (6) _. 1 62% 47%4 Collins & Aik (2a) . 11 1123 107% Collins & Aik pf(5). 20s s 31 Colo Fuel & Ir (1g) 5 Colo & South 2908 4 Colo & South 1st pt 160s 32 28l Col Brdestg A 40g. 1 20% 10 Colum G&E (.20g)-. 35 108 80 Col G&E pf A (6) 3 125% 111 Col Carbon (4a) 2 69% 56% Comcl Credit (4) _. 32 114 100 ComclCredpf4% . 1 631 Comcl Invest Tr(4) 42 13 Comcl Solv (.60)___ 23 2 Comwlth&Sou ___ 26 46 Com & Sou pf (3) . 3 34 Congoleum-Na (2)_ 3 197« Consol Aircraft .__ 2 97% Consol Cigar = 3 311, Consol Edi (1.50g) - 99% Consol Edis pf (5) 213 Consol Film 10 Consol Film pf 14% Consol Oil (.80a 8 Consol Textile.. 814 Consol Coal _ 33 Consol Coal pf 20% Container (1.20).... 184 Contl Baking A. 2% Contl Baking B 50 ContlCan (3) . 1813 Contl Diam Fib(1g! 2 Contl Motor 393, Contl O11( 25 Contl St (% 547 Corn Prod.(3) . 6. Coty * L 40 CraneCo _ .. 1131 Crane Co pf (7). 287y Cream Wheat 1358 100% 68 Crown Cork (2)---- 3914 181y 621y 26'4 163 o S A ~BennnnBuehonwanon—h & ax » 3 mom BT e B ane T coaa 0 > 30 U By Private Wire Dirket 4 7 The Star. Afld m) High. Low. Close. chge. B3% B34 83% 29'y 657 T 5012 116% ¢ 83% 83 THE EVENING STAR, WASHINGTON, D. TRANSACTIONS ON THE NEW Prev, 1937 High. Loy Net 1 +b it + 4+ £ SEF B FIES @ 1+ +E1id FEEFT £ EXF FF ,, ‘ ht b A 4+t T+l 444+ 10+4 010 ‘.’:fff?i‘if FFFEFEEFS B R St A R o | 83% +1 AT% 26% 108% 81% 135 1439 31% 58% 24 14614 T6% 36'a 180% 1351 17 181% 163 11ty 45 41, 461 97 58 128 5413 324 % 15% 33 19'4 1513 8613 19 14 3215 52 64°y 4 Iy 657 705 1201 154% 6013 19 110 651y 53 704 88 337 207 G 189 120 167 18%, 733y 243 18 91, 121% 10 5713 49%, 110 1574 36 30 155 136 46 113% 114 175 231 61 267% 851 37 5% 10% 43% 110 28% 28% 99 41% 36 24% 5414 425 16% 4T 19 861 ATY 2% 26% 15'& 122 120 16% % Stock and w. Dividend Rate. 39" Cro'n C'k pfxw 2% 16% Crown Zeller 94% Crown Zeller p: 51 Crucible Steel _ _. 115 Crucible St pf 5% k. 8% Cuba RR pf__ 7% Cuban-Am Sugar.. 814 Curtis Pub____ 71 Curtis Pub pf (7). 5 Curtiss-Wright_ 1614 Curtiss-Wright 47% Cushman pf__ 1274 Davega Stores (1a 99% Dayton P&L pf 4% _ 104% Deere & Co (18). 254 Deere & Co pf(1.40). 33 Del&Hud.. _ 18% Del Lack & W_ 110% Detroit Ed (5g) 5913 Devoe & Ray A(3a). 26 Diamond Mat (1a) 33 Diam Mat pf(13}a). 14% Diam T Mot (1g) 20% Dist Corp-Seag 384 Dome Mines (2a) . 47% Douglas Aireraft_ 37% Dunhill Intl Z 14814 Du Pont de N(2%g) 130% Du Pont deb (6)__. 9% Fastern Roll_______ 151 Eastman Kodak (8) 150 Eastman Ko pf (6)- ton Mfg (1%g) ingon Sch El Paso N Gs(1.60)._ Elec Auto Lt 1.40g Elec Boat ___ Elec & Mus (.18e) __ 14'4 Elec Pow & Lt _ 58t Elec P & L $6 pf 3215 Elec Stor Bat (2)_ 1 Elk Horn Coal __ 3 Elk Horn Coal pf 54 Endicott-John (3) 4% Equit Off Bldg 134 Erie RR 3 Fairbanks Co _ 45% Fajardo Sugar (3g) - 64 ¥ed Motor (.10g) Federal Screw Federat D St (1%g) Fid Phoenix (1.60a). Firestone (14g) 4 First Nat Strs(213). Flintkote (1) Follansbee Bros .. Food Machine (1a) . Food Mach pf (413) Foster Whesler 24% Freeport Sul (1g) 413 Gabriel A 113 Gair (Robert) 22 Gamewell i Gar Wood Ind (%g) Gen Am Inv Gen Am Trns(11:g) Gen Baking (.60)__. Gen Bronze_ Gen Cable GenCable A _ Gen Cigar (4) _ Gen Elec (.80g)._. Gen Foods (2) GenG & El A_. Gen Mills (3) = % Gen Motors (234 g) - 113 Gen Motpf (5) ____ K74 Gen Out Adv. = 2 Gen Out Adv A - n Print Ink(.30g) °n PrInk pf (6) - n Ry Siznal (1)_. n Real & Util® Gen Refract (2h) Gen St Cast pf Gen Thea 1 llette (1% Gimbel Bros _ Glidden Co (2a)__ Gobel Adolf __ Goebel Brew (.20a)_ Goodrich (% Goodrich pf Goodyear T&R (g) Goodyr T&R pf (5). otham Silk H_. aham-Paige Granby Consol ____ Granite Cit Stl (1) Grant (WT) (1.402) Great Nor Ry pf Grt Nor Ore ct(%g) Grt Wst Sug(2.40a) Gt West Sug pf(7) Greyhound (.80) _ Gulf Mob & Nor pt Hamilton W (1.25g) Harb-Walk (1.50g)_ Hat Corp pf (632 Haves Body Hecker Prod (.60a)- Hercules Mot (1) Hercules Po pf (6) Holland F pt (5)_ Hollander (1) ___ Holly Sug (2%g) Homestake (.T5g) - Bales— tom FEP 3 PSSPy NAmARNNS 49 Tia 108 3715 101 106« 41« 3« Houd-Her B (1%z) . Houston Ol Howe Sound (3a) Hudson & Man Hudson & Man pf. Hudson Motor Hupp Motor Illinols Central _. Indust Rayon (2) Ingersol Rand(3g)_ Inland Steel (42) _. Inspiration Copper Insuranshar (.10g). Intercontl Rubber__ Interlake Iron_ Intl Agricul ; Intl Bus Mach (6a). Intl Harvestr (233) Intl Hydro-Elec A _. Intl Mining (.308) .. Intl Nickel (1.508) . Intl Paper & Pw A 10% Intl Paper & Pw B_. 5% Intl Paper & Pw C . 90% Intl Paper & Pw pf_ 5% Intl Ry Cent Am 43'2 Int Ry Cent Am pf_. 413 Intl Shoe (2) . 83 Intl Silver pf (6k)_. 9% Intl Tel & Tel = 201 Interst Dep S 2% g . 251 Island Crk Coal (2). 6715 Jewel Tea (4) __ _ 120 Johns-Manville (3). 117% Jones & L pf (312k) 28 Kalam Stove (1a) _ 25 Kansas City Sou pf. 5 Kaufm'n DS 1.208 . 20 Kayser (J) (1g)--. 12% Kelsey-Hayes A 51 Kennecott (28) . . 14% Keystone S&W (.60) 5 Kinney (G R) - 20% Kresge (S§) .90g _ 18 Krozer Groc (1.60) x 23% Laclede Gas pf____. 18% Lambert (2) _ 32 Lehigh Port C (1%) 1% Lehigh Valley Coal. 134 Lehigh Valley RR_ 36 Lehman Corp (1a)_. 40 Lerner Stores (2a)_ 5814 Lib-Ow-Glass (3g)- 9% Libby McN & Lib _ 93 Ligg & Myers (4a) .. 94% Liggett & M B (4a). 151 Ligg & Myers pf(7) 18% Lily Tul Cup (1%)- 51% Link Belt (2) 5 251 Liquid Carb (2.60) 6413 Loew's Inc (6g) 1 Loft S 50% Lone Star Cem (3)_. 5% Long-BellA . __ 284 Loose-Wil Bis (2) _ 105 Loose-WB 5% pf(5) 10s 20 Lorillard (P) (1.20) 19% Louisv G&E A 1% _ 824 Louisv & Nash(5g). 29% Ludlum Steel (1) 21 McCall (2) _ 14% McCrory Str: 40% McGraw Flec (2) 314 McKeesport T (2)-. 125% McKesson & Rob _. 42% McKess & R pf (3) 12% McLellan Stra(%g) 40% Mack Trucks (1) __ 44 Macy (RH) (2a) _. 10% Mad Sq Gar (1.158) 42 Magma Cop (1%g)- 14 Manati Sug pf (r) - 3% Maracaibo Oil 9% Marine Midl (.402)_ 19 Market St Ry pr pf_ 18% Marshal Field 19% Martin (Glen) 484% Masonite (1a) 32% Math Alkali (1%),. 51% May Dept Strs (3a). 35 Maytag xw pf (3)_. 25 Mead Corp (1g) - 67 Melville Shoe (5) 9% Mengel 34 Mengel 5% pf(2%4). 308 58 Mesta Mach (2%g). 4 14% Miami Copper __. 53 25% Mid-Cont Pet (1%g) 3374 Midland Steel (2) . 108 Midland Stl1 pf(8). 96 Minn-Hon Reg (3)- 11 Minn-MolImp____. 12 1% M StP&SS Marfe___ 1 oo SR> PR IR UL PR RS T LA YO SR » 4 1613 o 14613 991 87 10 55 1615 a0 10 508 24 1 2 201 18 2 608 21 2119 13% 1% 20% 98 317 2 62 58 117% 11y 5315 1617 107'5 214 31% 41% 114 118 13% 1% Net Add 00. High, Low. Close. chge | Hig! 1 40% 40% 2 4T 15 -y 108l + 1 139% +3% 27% — 3T% + 15% 115 60 272 34 15% 23% 40% 57 5 161 135 AR A & SEESEEE F++410 PH++1 1+ 1% — % x| 124 | C., YORK Stock and Dividend Rate. Mission Corp (1g)-. % Mo-Kan-Texas Mo-Kan-Tex pf. Mo Pacific (r) - Mo Pacific pf (r) . Mohawk Crp(1.20a) Montgom Ward(2a) Mother Lode . Motor Prod (1%g) - Motor Wheel (1.60) 4 Mullins Mfg (B)___ Mullins pf (7) Munsingwear 1.50a. Murphy pf (5) - 20% Murray Corp 58% Myers & Bro (2g. 4 Nash-Kelv (1) Natl Acme (%g) Pre: 147 99%, 365 19 10815 102 atl Bnd & Inv 1.44 1Cash Reg(%g) atl Dairy P (1.20). t1 Dept Strs pf__ Natl Distill (2) Natl Gypsum _ Natl Lead (12) Natl Lead pf B (6) . Nat Mal&Stl C(1g) - \all Pw & Lt (.60) .. N: Y Chi& St Lpf. Y C Omnibus Y Dock YNH&H (1) __ Y NH&Hpt (r). Y Shipbldg Y Steam $6 pt 208 ~ NY Steam $7 pf 908 % Norfolk & West(10) 1 27 10 4 108 26'4 153 1025 112% 272 17% 347w Norwalk T & R Ohio Ol (148) - Oliver Farm Omnibus Oppenheim Col 1 Otis Otis § Otis $tl Outhoard M (1%g)- 4 Owens-II Gl 1%g - ish (1.20). t stpfhl Pac Mills (1g) __ 4 Dac Tel & Tal (%) Pac West Ol (.65e) Packard Mot (.15g) Panhandle P&R (r) il Panhandle pf (r)__. 10s Paramount Plct 68 mount 2 pf (.6 17 Park Utah Parker Rust-Pr1% x Parmelee Trans TIathe Film Penney (J C) (2g Penn-Dixie Cement Penn Gl §'d et 50g Penn R R (l3g) - Peoples Gas Lt & C. Tere Marquette ___ Pere Marpprpf Pfeiffer Brew (.60g) Phelps Dodge 11 Phila Co 6% pf (3) - Phila Read C& 1~ Philip Moris(5%&8). Phillips Jones 3 Phillips Pet (2a) Phoenix Hos pf 31 Pierce Oil pf Pills Flour (1.60) _ Pitts Serew (.30 e Pitt Pitts & W Va ‘mouth Hn(..“g) &CoB -AmT A .. Porto ]1 Am Toh B . Pressed Steel Car Procter & Gam (2a) Procter & G pf (5) Pub Sve N J (2.60) Pullman (13%) - Pure Oil Purity F Q Radio C Radio ¢ Readin Reliance Mf (.60 1.0 % 109 32 2215 L 16'3 49 60 30 31 10414 § 431 & 49% 30 s 345 58 8615 38 6 Revnolds Met (1) Rey Met rts Augl2 Reynolds Spr (1) iolds Tob B (3) 3 Dm‘ml), chulte Ret (r) _ ott Paper (1.038) . caboard Air L (1) aboard A L pf (1) eaboard Oil (1)___ Sears Roeb (3) Servel Corp (1a) ilver King (.65 immons (1g) Simms Petroleum . Skelly Oil (50g) Sloss-Sheffield pr(6: 100s Snider Pacis (128) ou Ani G&F (.10g) Sou Cal Edis (1%a) 3 Sou Pacific 31 2215 40% 204 T 30% 1314 MONDAY, AUGUST 9, 1937. STOCK E Prev. 1937 High. Low. 43% 60 . Low. Close. ch 7! 27% — 7 24% 3% 373 11% P OESE FEOEES SEEFSF St G&E 11+ ++L1++ +++1 1+ 10 6114 T 3 Tide-W ruax- Init 1 Vadsco Stock and Dividend Rate. 24 SouthernRy.. 37% Southern Ry pf_ 6l Spalding___ . _ 1 93 Spang Ch pf (9k) . 5% Sparks With __ 265 Spen-Kell (1.60a) 16 Sperry Corp (le) 26% Spicer Mfg__ 19% Spiegel Inc (%g) 80% Spiegel pf (4%5) - Square D Co B.60g . Stand Prands (.80) . Stand Com Tob____. Stand Gas & El (r) - Stand G & E pf (r) _. Std G&E $6 prpf(r). Stand Ofl Calif (1a) Stand Oil Ind (1a) . Stand OIIN J (1a) . Starrett (L S) 2% . Sterling Prod (3.80) Stewart-Warn(%a) Stone & Web Studebaker Superheater (1 Superior Oil Superior Steel Swift & Co (1.20) vift Intl (2) mington ww .. ‘ming elautograph (.60). Tenn Corp (%g).--- 50% Texas Corp (2) - 6 Texas Gulf Prod __ 33% Tex Gulf Sul (2a) _ 11% Tex Pac C&0 (.40) . Tex Pac Land Tr __ Thatcher pt (3.60) Thermoid Third Ave Thompson Pr(.50g). Thompson-Star _ _ Tide-Water As(la) x Steel pf (7) Unit Stockyds (%3)- Unit Stores A UtIP&Lt A (r) Vanadium Steel Van Raalte (2'3g) Va-Caro Chem Va-Caro 6 pf(13:k). VaEl& Pwr pf(6)_. Va Ir Coal & Coke Va Iron Coal & C pf. 1108 Wabash Ry (r) Wabashpf A (r)___ 1 Wabash pf B (r) 2 Waldorf Sy. Waigreen : Walgreen pf ww 415 2 Walker H G&W (2) _ FINANCI XCHANGE Add 00, High, Low. Close. chn 22 304 29 7 45% % 208 10174 T4 28'4 7% P oi(r). ton xw 358 AL." STOCKS SWINGUP INRECOVERY STEP Steels, Rails and Specialties Lead—Some Make Stock Avorages Xndu\l Ra‘vl! ol fl'k‘ 2 2 +.1 393 433 39.1 43.2 410 422 410 53 4 495 540 36.1 39.1 435 537 30.2 Net change. Today close- Prev. day Month ago.. 94 4 Year ago... 916 1937 high .. 101.6 1937 low - 879 1936 high .. 993 1936 low.... 734 434 1932 low - 175 8.7 239 1929 high __ 14691539 184.3 157.7 1927 low.... 51.6 953 61.8 618 981 97.9 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, August 9. —Stocks cut another recovery swath in tod: market under the leadership of steel rails and specialties, a number mak= ing new tops for the move. Dealings quieted after a fairly active first hour, but gains of fractions to Aspf (472) Timken-Det Ax(Ze) & W Corp (% g) raer (.80) . )th Cent-Fox (1g). TwinCity RT ___ Twin City pf (Tk) Twin Coach (.30g) _ llen & Co “nderwood (1%g) ‘nBag & P (2 “n Carbide (2.408) _ n Oil of Cal (.858). In Pacific pf (4) ’n Tank Car (1.60)_ nit Aircraft (12g) ‘nit Air Lines i Init Biscuit (1.60) _ Tnit Corp Tnit Corp pf (3)_ Init Drug (%g) - ‘nit Dyewood (1a). ilec Coal - ‘nit Eng&Fy 1.50g ‘nit Fruit (3) £ Init Gas Imp (1) nit Paperbd (.30g) ] S Freight (13e)_ S Gypsum (2) Hoffman Mach _ Indus Alco Leather Leather A_ U S Pipe (3) US Realty & Imp —. U S Ruober 2 US Rubber 1st pf__ Us 1 1 Z - 208 o = g (RS SR ISIRE U PR PO O o 308 - 2008 == 30w (1.20). 4 Walworth = Ward Baking B Warner Bros Pict__ Warner-Quin (r)__ Warren Bros (r) Waukesha Mot (1a) Wayvne Webster I Wesson O & Pump(13:g) nlohr (1:a) Wes O & S pf (4) West Penn El pf(6) 708 W Pen E1 7% pf (7) 2108 2 W Penn P 6% pf(6) 10s West Auto Sup 1.60 4 Western Pac ____ Western Pac pf 2 West U inghse Air (1) nion Tel (3). 20 Westhse E1&M (3g) Westh Elec pf 3g Westvaco Chl pf 113 Wheeling Stl Wheel Stl pf White Motor Wilcox Wilson Woolworth (2 Worthington Pump Worthington pf A _ Wor P, Wrigle Yale & Yellow Yellow Youngstn S&T Zenith Radio (112 Zonite Pred - 47 Approximate Sales 11:00 AM.___ 1:00 P.M. Total Sales for the day. Oil & Gas & Co (12 40) x 10 240s MpfAstp. 80 Jr (3a) - 6 "owne (.60) 2 ruck 34 Trk pf (7). 40 102 5 Shoiaan 2 2+ T 110 11 110 112 = 5la — W | of Stocks on the 0,000 1 50 000 00 Noon__ 2:00 P.-M 730,000 340,000 590,000 sUnit of trading 10 shares. n bankruptcy or rceivership or beinz reorganized under Fa blnkruv.ry act. or securities assumed by such companics Rates of dividends In the foregoing table are annual dis- bursements based on the last quarterly or semi-anrtual declara- tion. included. x Ex dividend last year, — 1| 23rea this vear { Pavable in stock. & h Cash or stock. Unless otherwise noted. special or extra dividends are not | xr EX rights. & Also extra or extras. e Paid Declared or, paid so far this | k Accumulated dividend paid or de- | CATTLE PROFIT SHOWN BY WESTERN GROWERS By the Associated Press. OMAHA, Nebr., August 9.—Western growers of range-fed cattle are realiz- ing & substantial profit on shipments, Omaha commission merchants dis- closed today. Charles F. Cox, an official of the Interstate Livestock Co. said, "My range clients are making a substan- tial profit as the present time, and I am advising them to sell as fast as the market will absorb the offer- ings.” From W. E. Reed, managing director of the John Clay Commission Co. Omaha branch, came the prediction that farm feeders and packers will compete for grass cattle to be used for replacement purposes. This com- petition, Reed said. makes it im- probable that values eof Western grassers will sink for some time. GERMANY WILL RELY ON IMPORTS OF GRAIN | By the Associated Press. Germany will rely upon imports of bread-grains during this season, an| Agriculture Department observer said yesterday, to replenish reserve stocks of wheat and rye. L. V. Steere, American attache at Berlin, informed officials here the re- cent government order commanding German farmers to deliver all bread- grain harvest was expected to supply domestic food needs. The grain problem in Germany. Steere advised, was one of feed for live stock rather than food. He said farms were permitted to keep only enough bread-grain for food and seed, and no bread-grain may be used for feed unless abeolutely unfit for milling purposes. NEW YORK COTTON By the Associated Press. NEW YORK, August 9.—The bu- ! reau crop estimate pointing to a yield | of 15,593,000 bales sent cotton prices down $2 a bale or more today under heavy general selling for domestic and | foreign account. Possibilities of Government action in connection with a loan tended to lighten pressure in the late trading and the market was supported at the lows. The December position, which sold up 10.83 early, declined to 10.31, and at the beginning of the last hour was selling at 10.32, with the entire list 37 to 46 poims net lower. New Orleans Prices. NEW ORLEANS. August % (#.—Cotton | opened steady today. unchanged to points higher. Liverpool cables were fa- vorable, and shorfs who covered in advance of the’ official crop estimate influenced the market upward October opened at 10.84. December at 10.87. January at 10.91, March at 10.97 and May at 11.00. After the start October gained 2 points, while December and March slipped off 2 to 4 points under a little profit taking. Other months were inactive. Cottonseed oll apened steady. er 2b: October. 7 .84b 788 Jdnnuary. T.R7b; March, Septem- _December, 7.90b. DOLLAR OFF IN LONDON. LONDON, August 9 (#).—United States dollar, after recovering part of an early loss in the foreign ex- change market today, closed 4.78% to the pound, a net decline of 3-16 of a cent. This compares with $4.995 for sterling in New York over the week end. GETS HOUSING CONTRACTS. NEW YORK, August 9 (#).—Segal Lock & Hardware Co., South Norwalk, Conn.,, has been awarded contracts totaling over $200,000 to supply builders hardware for 10 Federal hous- ing projects, it was announced. BY MOTOR WHEEL CORP. By the Associated Press NEW YORK. August 9.—Motor ‘Wheel Corp. and subsidiaries, makers | of auto accessories, with plants at Lansing, Mich., and for the June quarter reported today net profit of $693,801 after charges, but before the undistributed profits surtax, equal to 81 cents a common | share. This compares with net profit of $460,432, or 54 cents a common $643,724, or 76 cents in the like 1936 | quarter. For the first 1937 half. net prefit | | was $1,154,224, or $1.35 a common | share, against $1,013,738, or $1.19 in | the like 1936 period. IS SET BY PALESTINE | Bs the Associated Pr The American consul at Jerusalem reported Palestine established an ex- | port record for citrus, from November to May, by shipments of 10,930, 000 boxes, chiefly to England. The Agriculture Department said both Palestine and South Africa had‘l greatly expanded citrus fruit exports in recent years, with some of this | competing with Valencia oranges from California, — CONSOLIDATED RETAIL UP. NEW YORK, August 9 (#).—Con- solidated Retail Stores, Inc., reported July sales of $521,174, an increase of 3.6 per cent over the same month last year, when sales totaled $502.751. Sales for the first seven months were $4,995,775, compared with $4.605,504 in the same months a year ago, an increase of 8.1 per cent. June sales gained 5.8 per cent over June, 1936. Y. Stock Exchange. | P11 {1.03'¢ $693,801 PROFITNOTED | | No. 1, {CITRUS EXPORT RECORD | I n | hundredweight. around 2 points were widely dis tributed near the fourth period. While there was little change in the news picture from a market nd- point, brokerage sentiment seemed tc | have improved considerably as revised | estimates of Fall business prospec were hi optimistic. Cotton futures fell sharply on the | Government's crop figures. Bon improved. Most commodities wers uneven, Auburn Motor Breaks. A break of more than 5 poinis 1n Motors, following comp settling influence at the start | was a momentary halt in the advanc- | ing trend. but it was resumed later rn stock &lso reduced its loss. Prominent on the upside the greater were United States hem, Youngstown Sheel . McKeesport Tin Plate, Vana- Santa Fe, New hern Railway. Great c Coast Line, \flrll\‘ Warner and American Locomotive. General Motors Narrow. Motc rs was comparatively the company re- t umers and to cor the best for that month (,rl‘!‘"a. er hand. pushed Plymouth a dispute between unions, reopened. The stock was ex- dividend $3.50. Good earnings statements brought support for Mohawk Carpet, Wor ington Pump, Colgate-Palm-Olive and Motor Wheel The better action of carriers wat ed partly to the belief a wage be reached with the erhoods on about the as the agreement with the non-operating organizations. Heavy wheat shipments in July, it was said, enabled some of the So roads to increase their reve: 000 to $800.000 Mail orders, utilities and oils lacked momentum on the advance, Somt were a shade lower. CHICAGO GRAIN By the Associated Press CHICAGO, August 9 —The market gave ground on the Ci Board of Trade today and dropped 2', cents a bushel cases. Offerings met with an ferent demand September wheat downturn. and fell to $1.107;. Dac ber and May yielded about 2 to $1.113, $1.13%, respectivel ‘L‘\Frpum developed a heavy tone after a steady opening Rains in parts of the Argen wheat belt and uncertainty over | Government crop forecast to | released tomorrow afternoon | conspicuous bearish factors. Corn futures, on the other hand, | developed a strong undertone after easing at the opening At the close wheat was 2'(-27, under Saturday's finish, September, 1 10%-'2; December, 1.11'z-%: corn lower to 13 higher, September, December, 677 -7s, and wh indif- led the Chicago m- Low Close 110 110 1 in the South, | M& oc 100 share in the preceding quarter and | Oc Chicago Cash Market. Cash wheat, No. 2, red, 1.15%-16, No. 1 hard, 1.18%-19'; No. 2 mixed, L12%-14%; No. 1 vellow, 116; oats, mixed, 31-3112: No. 1, white, 31%,-33; rye, No. 1, 87';: No. 3, 83; soy beans, sample grade, 1.08': ; barley, actual sales, 70-82; sample grade, 48 | feed, 48-55 nominal; maltmng, €3-£3 ominal: timothy seed, 250-60 per Baltimore Quotations BALTIMORE, August 2 “red Winter. garlicky, 1.15; August, 1.15 Wheat. No. Tovor, domesticy CHECKER CAB POSITION RESIGNED BY E. L. CORD By the Associated Press. NEW YORK, August 9.—E. L. Cord, who has sold his dominating interest in the Cord Corp., resigned today as a director of one of its subsidiary companies, the Checker Cab & Manu- facturing Co., it was announced in ‘Wall Street. Morris Markin, who with Cord has been charged by the Securities and Exchange Commission with manipu- lating the company’s stock in the mar< ket, was re-elected president, Cord's place on the directorate was filled by J. H. Tupple, vice president in charge of operations,