Evening Star Newspaper, August 11, 1937, Page 17

FINANCIAL 113, BONDS EASE, OTHERS ARE MIXED Most Foreign Government Issues Score Gains—Cor- porates Uneven. Bond Averages Rn‘lx Intust. OO, B, Net change. 1Unc. Unc. —.1 Today, noon 91 2 1033 98.1 Prev. day_ .. 91.1103.3 98.1 Month ago. 93.0103.0 97.0 Year ago 94.2103.5102.5 1937 high 99.0104.4 10238 1937 low 9091022 958 1936 high. 98.2104.4103.1 1936 low... 86.91018 993 1932 low_... 458 400 646 422 1928 high_._101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon .__.111.4 Prev, day. 111.3 Month ago 110.9 Year ago.111.9 1937 high. 113.7 1937 low.. 108.4 1936 high. 113.5 1936 low.-. 110.2 1928 high_ 104.4 1932 low_. 86.8 7 ’i 6 4.7 70.5 73.0 67.6 (Compiled by the Associated Press.) By the Associated Press. NEW YORK, August 11.—United States Government bonds yielded as trading in the Federals took on new activity today late and prices showed declines ranging to 10-32s of a point. In contrast most foreign government issues were in demand. Fractional gains were rung up by German 5'4s and Ts, Canadian 4s, Norway 6s, Rome 6';s. Australian 5s and Brazil 6':s. Abitibi Power & Paper 5s also rose. Corporate bonds were uneven. Higher were Chesapeake & Ohio 4'2s, St. Paul 5s, Erie 5s, Missouri- Kansas-Texas 5s and Frisco 4!5s. Lower were Baltimore & Ohio 4'3s, Great Northern 4s and 4'.s, Missouri Pacific 55, New York Central 5s, North- | ern Pacific 4s and Pennsylvania 4'ss. Utilities Power & Light 5s were up slightly. Lower were Columbia Gas & Electric 55 and Pacific Gas 33;s. Higher among industrials were Ana- conda Copper 4!5s, International Tele- phone & Telegraph 5s and McKesson & Robbins 5'2s. DIVIDENDS ANNOUNCED NEW YORK. August 11.—_Dividends de- elared (prepared by the Standard Sta- tistics Corp.) Extra. Pe- R Cook Paint & Varnish 10 WWes O & Snowdrift K; ‘Weisb'm Bros-Brower 1ic Accumulations. Columbus Auto Parts conv cum pf Inter, Thew Shovel Increase. s0c Regular. Campe Corp 10c Cook Paint & Varnish ¢ Do $4 pf S1 kel oSpercer & Sons 4ht Viutual Tel (Hawail ~ e New Bediord Cordage sClark Equipment ° ;ocno Pleas Valles Wine San Carlos Mill Storkline Furn Am Bad & S5 San Elec smruc Bat Do pt pf May’ Dept Stores” Penick & Ford Proc & Gam 5% pf Seeman_Bros Skelly OIl 0 Clark Eauipment of $1.75 00 D OO POPOO Ploneer Goif of B. C._10¢ Pyrene Mig NEW YORK BANK STOCKS NEW YORK. August 11 _(P.—New York Becurity Dealers’ Association: (Quotations as of 2 o'clock.) Han Bk & Ti cra«, Nat (1.40) Bk & Tr Gu Tving Tr (o) o Manufacturers Tr (2) Manufacturers Tr pf (2 bt l—chludma extra or extras FEDERAL LAND BANKS NEW YORK. August 11 (#.—Federal land bank bonds. Rate. Matu Bid. Asked. 101% CHICAGO PRODUCE. CHICAGO. August 11 (¥ .—Poultry. live, 48 trucks: steaqy. hens. 'z pounds up: 2 ss_than +'. pounds. 21'2; Leghorn Fryers. colored, “ii: 'Piymoutn nd White Rock. “olz ebacks, 20. Broneb colored Piymouth and wnnz Rock, 4. barebacks, 19. Legn £prinss, colorea ' Plymoutn and White Rock. 5',: barebacks, 21 roosters. 15; Leknorn Toosters. 14. [Purkeys. hens, 17 toms, 6. No. 2 surkeys, 15. “Ducks, white and colored. 4% pounds up. 1b%a: small 14z old geese, 13: young. 15 Butter . 11.530: steady: prices unchanged. Eggs. 10.241; unsettled: prices unchanged. Potatoes, (2, on track, 185; total U. 8. shipments. 240; steady; supplies moderate; gemend tair. Sacked per cw!. California White Burbanks. U. 1. car, 2.10; Idano Bliss Triumphs. U. . washed, 1.50-65. cotton sacks, car, un- Yasned, snowing spotied, sacks Rus- get, Burbanks S 1.55; Washington White i medium size. 1.45: 1. few sales. 1.60: U. S. New Jemy Cobbiers. 8. mostly 1.30° few, 135: New Drarka Gobblere 0" & No. T and Bartly aded. ~1.15-20. showing some decay. 05-10: ’Penmylumu Cobblers, Tair Suah: FOREIGN EXCHAN GES. NEW YORK. August 11 (7 —Foreign ex- ehange steady. Great Britain in_dollars, gthers in cents, Great Britain —Demand. 498, cables 408/ 60-day bills, 4.97)) ce. nd, LR aly—Demand. 5.26%% cables, 6.156% Demands—Belgium, : P .49. Yugosiavia. “n: " Hungary, Argentina, 201 fflnmv "Mokio *n«m sh-nnm gkong, 30.98: Mexico City, 27.85: Mon: el Nzlz(‘%nrx 16000 New York i Montreal n—Nominal. BOSTON WOOL MARKET. BOSTON. Auwust 11 (7 (U. S. Dept. Agr.).—Trade was slow in wool today. A few buyers were in the market. but their pur- chases were of comparatively small volume, Prices. however, were firm on the few aales cloged 00d French combing fine territory and <00t 13- month Texas wools moved in small quantities at 95-97 cents. scoured basis. Srated Combtng Minnesots flesces soia” ui 44 cents in_the grease for three-eighths blood nd 42 cents for quarter blood. FREIGHT LOADINGS. NEW YORK. August 11 (% —Revenue freight carloadings of railroads reporting today for the week ended August 7 in- cluded: Pennsylvania entral Normi & West, Pitts. & L. Brie MONTREAL SILVER. ONTREAL, August 11 i —@ver fu- opened steady. uncha m- tn”' exi] -‘Dec' ember. | 44.00b: “March, Thon. booB U. | 5 ommn Bilss THumba U S Gov't Bonds Foreign Bonds . Domestic Bonds_. TREASURY. High. 2145 1949-53 99.2 23,51948-51__, 23,81951-54. 2381956-59__.. 27%91955-60 3 100.15 101.13 104.28 103.16 105.20 106.20 106.26 3% 5 1940-43June 105.28 33,5 1941-43 Mar 106.18 3% 1943-47____ 107.20 48 1944-54 _____ 11218 C‘As 3348°43-45. 106.28 106. 4%S1947-62__ 117. 117, 23(81942-47 2108 194244 238 1939-49 351952 __ - 101.6 FOREIGN BONDS. Hizh, Abitibl Pa&Pw 58'53. 99 Akershus 5s'63_ _. Antioqula 75 '45 B Antloguia 1st 78'57__ Argentine 4s'72 Argentine 4%4s71___ Argentine 6s ‘67 A___ Argentine 6s ‘60 May. Argentine 6s ‘60 Sept. Australia 4348 '56 Australia 63’56 Australia 5857 Austrian 78'57.. Belgium 6s '55._ Belgium 6% s '49_. Belgium 7s° = Berlin Elec 10415 10915 109y 118 Brazil 8s 41 Brisbane 6s'5 Buenos A C Ss *60 Oct Buenos A C 61%5'61Pv Buesnos A 3s 81 Buen A 44-1%s'77 Buenos A41;,8-4 % 8'75 Buenos A C 65’61 Pv. Buenos A61s'61st pv | Canada 21¢5-44 | Canada 2155 '45 Canada 3s ‘67 . | Canada 3% '61. | Canada 48 '60 | Carada 6s '62 Chile 6560 Chile 6861 J; Chile 6561 Sept._. Chile 6563 Chilean Mun L 7560 Colombia 63 '61 Oct.._ Cordoba 7s 42 prv_ Costa Rica 78’51 A. Cuba 5%8 45 Cuba 5% s '53_ Denmarx 4%s'62 Denmark 6542 _ French G 7 1004 1077% 11374 20% 208 20% 204 15% 58'41un st ° | Ger C Bk A 6860 Oct Ger Gen Elec 615540 Slec Ger Gov b%s Ger Prv & Ger Rep 7s 49 stpd .. Ger Rep7s 49 un st__ |Grt CElJap Ts'44___ | Hamburg St 6s°46___ Italy 7851 1talCrd P W 7s'47TB Japan5%s‘6o .. Japan 6%s ‘54 Kars 6543 ct st prin Kreug&Toll 5859 cfs Medelin 61%s ‘54 = Mex 48 °10-45asst sm Milan 6158 '52 Minas Gers 633 '59 New So Wales 5z '57. Norway 4563 _ Norway 4348 63 Norway 6s ‘44 Norw Hy El1 6% Oriental Dev 5%s'58. Panama 5%8'52 Paris Orl Ry § Pernambuco 7847 Peru 6s°60 Peru 68 °61 Peru 7s '59 Porto Alegre 8s'61. Prussia 6128 '51 _ Queensland 7s "41 Rio de Jan 61cs ‘53 Rlode Jan 85°46 _ Rio Gr do Sul 68 '68 Rio Grdo Sul 7s'66 Rome 615852 Sao Paulo C 6%5 '57_. Sao Paulo St 75 40 Shin'su EP 6138’52 Tokio 5%s 61 Tokio E L Litd 6s'53_. Uruguay 6s ‘60 Uruguay 8s'46 Warsaw 7s ‘58 Yokohoma Ala Grt So con 55'43_ 113% Alb&Sus 314846 gtd. 10313 Alleg Corp 94 Alleg Corp 6850 stp_. 61 Alleg Valley 48°42___ 108% Am & For Pw 65 2030. 80 Am Ice cv 58'53 AmIGChb6%s 49 Am Intl 534849 AmT&T 3% AmT&T3%s°66 AmT&T 4%8'39___. AmT&T5%s 43 Anaconda deb 43850 Anglo-Chil Nit 78 ‘67 Armour(Del)1st 48'55 Armour (Del) 43'51 A T&S Fe 45 05-" A T&S Fead) 45 '95 st A T&S Fe xen 48°95 . A T&S Fe 4348 48 At] Coast L st 4552 AtICL un 4%s'64 At Coast Line 6845 Atlantic & D 1st4s'48 At1G& W 15t 68°59_. 106% 36% 983, 98% 107% 105% 1118 109 103% B& O Swn 6350 Bang&Aroos 4s'51. Bang&Aroos 4s'51stp Bell T of Pa 6848 B_ Beth Steel 3% 86/ Beth Steel 4 Bos & Me b: Bos & Me b8 'G'I Bklyn Ed con 3% s 66 Bklyn Man T 412866 Bklyn Un Gas bs "45.. Bklyn Un Gas 65 ‘60 . Buff R&P con 4% ¥'57 Bush Term con 5s'55. Can'dian NR 4348 °51. Can‘dian NR 4%8 67 Can'dian N db 614546 Can'dian P db ¢s perp Cen Pac db 4s perp rg 58% 113 125 95% Carth & Ad 4s°81 gtd. Cent I11 E & G b3 6. Cent of N J gen Cent Pac 1st rtu 4. Cent Steel 8s ‘l Cert'd deb 534548 Champ P&F ¢% s '50. C&Ogen4ls'92 C& O con 68’39 C & O Craig V 55'40__ Chi & Altref 3s 49 Chi B&Q gen 48 ‘5! Chi B&Q 4%s 77 Chi B&Q ref 6871 Chi B&QI div 3%s Chi & E 111 68 ‘51 Chi Grt West 48°69__ Chi [&L gen 5566 CM&StP gn 3‘/.- 89 B C M & St P bi CM&StP&P ldjSI!BOU Chi & NW Chi & NW 4% 49 Chi & NW gen s '87_. Chi & NW rf 58 2037... { Low. - 98.30 - 101.20 101. - 100.17 100.14 100.10 101, 104. 103, 105.16 106. 106.. 105. 106. 107. 112, { Approximate Transactions Today. 1.100,000 . 700,000 4,910,000 Close. 98.31 101.14 100.14 100.10 101.9 104.25 103.16 105.16 106.20 14 9 25 16 19 26 27 18 18 15 6 106.18 107.18 112.15 106.28 117, FEDERAL FARM MORTGAGE. - 102,11 102. HOME OWNERS’ LOAN. - 100.28 100.: 101.. - 102.31 102. 11 102.11 25 100.25 4 1014 29 102.29 Low. 9 100 13 12 941, Close. 99 100 13 12 9. % 2 102% 10214 1004 1014 1004; 1034 10815 1084 10415 10915 109t 914 109Y% 1004 101 1004 1031 10815 108% 103% 100% 101% 6314 831y 8T 106 9114 99% | 100 95 100% 3; 66'% 6614 10415 101 106 102 101 106 102 395 7'- 293, 33 3513 30 95 25 863 83 7914 933 16% 30% 11% 47 6% 274 103% 100% 102% 108 100% 1097 | 265 3218 DOMEETIC BONDS. 113% 1031 93% 113% 1081 U 59% 108% 80 100 6 106% 105% 100% 99% 10414 % 1121 1064 10614 361 3614 98% 98% 9814 9814 107% 107% 105% 10514 111% 111% 108% 108% 103 103% 90% 4 90% 10414 1043 4T a7 72 72 103 104 651 654 102% 102% 99 100 1085 108% 112% 112% 118% 118% 9T 97% 104% 104% 79 9 6% 6% 101% 1011 58% 581 113 113 1245 125 95 95 107 107% 83 83 101% 1017 104% | C&NW Nr W 614836 ChiR I&Prf 4s 34 _. Chi R I&P rf 48’34ctf. Chi R I&P gen 48’88 Chi RI&P 4%8°52 ctf ChiR I&P 4%8°60 _ Chi T H&S 15t 5560 _ ChiUnSta3%s'63 E Chi Un Sta 4563 _ Chi & W In con 48’52 Chi & W Ind 4% 2. Childs & Co 6843 __. Cin Un Term 68 '57 CCC&St L gen 4593 _ CCC&St L rf 4%8'77H CCC&StL StL dvi4s'90 Clev Cliffs Ir 4% 8°50 ClevEl [113%8°65 __ Clev Short L 414 Clev Un Ter 4 Clev Un Ter 58’73 B . Clav Un Ter 6% 8'72A ColoF & 15843 ___ Columbia G & E deb b6s'52 April._______ Columbila G & E §s '52May._______ Columbia G&E bs'61. Colum Ry P&L 48°65. Comcl Credit 3348’51 Com Inv Tr 31851 _ Cons Coal Del 5860 Cons EA N Y 3%s°66_ Consol O113%s'5 Consum P un 33865 Consum Pwr 33,870 Consum Pwr 3% s'65. CraneCo31;s'61 _ Crown Will P 6s & Cuba Northn 65 '42. Dayton P&L 3%s ‘60 Del & Hud ref 4s '43__ Den G & E 5551 Den & R G con 48°3 Den & R G W 6855 Den & RGW 6w'65asst D&RG W rf5s'78 _ Des M&F't D 4535 cfs Det Edison 4565 F. Det Edison bs 52 Det&M 1st 45'95 a Dow Chemical 3s Duquesne Lt 3%s '65 Fleo Auto Lite 4552 | ElginJ & E 3 . Erie cons 4 Erle gen 4s'96 Erfe ref 5567 Erie ref 6875 | Erie & Jersey 65" | Fairbks Morse 43’56 FlaECRy5s'T4.___. Gen Am Inv §s'52 Gent’able 512847 Gen Mot Acc 38°45 __ Gen Mot Acc 33%s'51. Gen Stl Cast5%8'49. Goodrich 4% 8’66 ___ Goodrich 6s°45 _ Goodvear T&R 58 '57. Grt Nr Ry 3%s'67 Great NRy 4846 G__ Grt NRy 4s'46 H Grt NRgn4%s'77T B |Grt NRgn 58’73 C |Grt NR 5%s'62 B_ Gulf M& N6s 50 ___ | Gulf Sta St] 415861 . Gulf Sta Uti] 434846 Hoe (R) 1st mtg 44 . Houston Of) 5345 *40_ H'satonic con 5837 Hudson Coa) s '5 Hudson Co G 1st 55’49 Hud & Man inc 68 '57_ | Hud & Man ref bs ‘57 I11'Cent col tr 48 '52__ 111 Cent col tr 4s '53 111 Cent ref 48 °55 __ | 1 Cent 43,866 111 C&C SL&NO 555 ICC&St LN O 63°63 111 Steel deb 4358 Inland St13% 861 _ Int R T ist rf 5s'66. Int R/ Taiselie ooy IntRT 7s'32 ctfs Interlake Iron 4847 Int Agr-cl 5542 stp__ Int Grt Nr6s'62 A .. Int Hydro Elec 6s "44 Int Pap 18t 53’47 A__ Int Pap ref €s ‘55 Intl Ry C A 613847 Int T&T cv 438’39, Int TAT 4% s 52 Int T&T 5855 James F & C 48’39 Kans C F S&M 4s'36 Kans City 8o ref 58’50 Kans C Ter 18t 45 '60. Kans G&FE 414880 Ky&Ind T 41,5 °61 st Kresge Found 333847 Kresge Found 4s "45. Laclede Gas 5539 Laclede G 6%s°53 C . Laclede G 61%s5'60 D Laclede Gas 68 42 A Lake S&M So 215897 Lautaro Nit 19758 __ Leh C&N 4%3°54 A Leh C&N 41,8'54 C._ Leh Val Har 5s 54 Leh V NY 43,840 gtd Leh V P con 48 2002 Leh V P con 418 2003 Leh V RR con 5s 2003 Lex & E Ry 5865 Loew's 31.8°46 Long Islref 4s°49 _ Long Isl rf 4s°49 stp_ Lorillard 5s'51._. La & Ark 58°69__ Louisv G&E 33:s '86. L & Nash 3% 52003 L &N 1st 482003 _, L & N unif 4s°40_. McCrory Strs 68°61.__ McKess&Rob 634850 MeC RRclt4s’45 A_. Manati Sug 714 8'42__ Man 8 18t 73, 8'42ctfs Mead Co 6845 _ Met Ed 1st rf 4%s Mid RRN J 5s°40. . Mil El R&S L rf 58’71 MilSpa & N W 4847 Minn & St L 6s'34ctfs MStP&SSM cn 4538 MStP&SSM 6s 38 gtd MoK & T 1st 48°90 MoK &TH5s 62 A Mo Pac 4s°76 Mo Pac 6865 Aeeee. Mo Pac 6s'77 F_, Mo Pac 55’18 G Mo Pac 5s'78 G ctfs._. Mo Pac 5s '80 H Me Pacific 65’ 81 1 Mob & Oh M div 58’47 Mohawk & M 4s°91 Monong Pub S 41%48'60 Monong Pub S 6s ‘65 Mont Pwr 3%s°66 Mont Tram 6s 41 Morris & Es 3% s 2000 Morris&Essex 48’55 Morris&Essex 6s ‘56 Natl Dairy 3% s'51ww Natl Steel 4» 65 New E T&T 18t 5 New Jer P&L 41%s ‘60 New Orl PS6s'562 A New Or1 P8 58 '56 B New Or Ter 1st 48°53 New Orl T&M 4% 866 New Orl T&M 68°54 B New Orl T&M 5% 8’64 N Y Central 3%s°62.. NY Cent con 45 '98 _ 113% 1135 113% | NY Cent rf 43485 2013_ NYCrf4%s2013n NY Cent rf 58 2013 114% 114% 114% | NYC&St L 1st ¢s ‘81 07! NYChi &St L 4s 46 NYCA&St L 4% NYC&St L 524874 NYChi&StL 38 . NY Conn 1st 414863 NY Dock 1st 48 '51. NY Dock bs°'38 NY G E1 H&P 4s NYL& W ist4s'73 NYNH& H3%s'56 NY NH & H ¢s°57 NYNH&H 4% G'l NY O&W ref 48 NY Steam 1st 6s° Bl NY S&W gen 6s°40 _. NY Tel gen 414539 _. NY W&B 4%s 46 Niag Falls P 315566 Norf So 1st ref fis'61. North Am Co 68 61 North Am Ed 6%s ‘63 Nor’'n Pac gen 35 2047 Nor'n Pac 4s 97 _ Nor'n Pac ¢%s 2047 Nor’n Pac bs 2047 D. Nor'n Pae 682047 ___ Ohio Edison 3% s'73_ Ohto Edison 4865 __. Oreg Sh L 5s High. 41% 16% 14% 32 15% 10t 89% 109 . 110% 1037 1023, 8T1% 106% 10114 1% 99 107% 110% - 112 103 1071, 110% 106 101 - 102y 100% 1063 9814 1027 6814 10474 1038 1037 103 107 10214 105 48% 105% 8614 Lo' Close. 41 41y 16% 16% 14% 14% 32 4 107% 110% 106 101 102 10014 106% 9814 1027x % 110'% ~ 101% 105% 104 107 61 101 106'% 1091 101% 1058, 1037% 1023, Rl 101 1048 10438 1 10815 1041, 1124 1181, 96 sy 1041 9414 5 1021 12080 /6% 1024 937 100% 10734 1051 1041 104y, NatRM4%s'26asst 5 1 NY Edison $3%s'65 D | ISR 110% 294 105% 119% 301, 68% Y 101% 1014 104% 1045 110% 110% 99% 99% 106 108 119% 119% 4 | Shell Un deb 31458 '51_ | South Bell T&T 5541 | Studebaker v 68 45 _ ‘| Wh & L Econ 4549 __ BONDS ON N. Y. STOCK EXCHANGE Sy private wire direct %0 The Star. High. Low. Close, 107% 107% 107% 92% 9% 924 100 994 100 104'4 103% 10414 107% 107% 107% 101% 101% 101% 101% 101% 101% 1008 100% 67 67 92Y 100% 1027% 991 101% 1051 99 A 1077 107% 11914 111% % 1021 118 114% 95 102 1174% 994, 1043 234 10 264 Oregx W RR 4s'61 Otis Steel 414562 Pac Gas & E13%s 66 PacG& E3%s°61 PacG& B4s’'64____ Pac T&Trf3%s'66 B Pac T&T 3%8'66 C _ Panhand EPL 4s '52 Para Broadway 3s ‘55 Param’t Pic 3% 8 47 Paramount Pic 68 '55. Pean Co ¢s 63 _ Penn Dixie C 6s Penn P& L 4% Penn RR3%swi _ Penn RR 3% '70 C Penn RR 4881 D. Penn RR4%s 84 _ Penn RR con 4%3°60. Penn RR gn 4.8 65 Penn RR deb 418 ‘70 Penn RR gen bs'68 People GL&C rf 55'47 Pere Marq 4%s'80 __ Pere Marq 1st 6s'56 Phelps Dodge 318 '52 Phila Co 68 67 Phila Elec 31, s Phila & R C&1 6873 Phila & R C&1 6s°49_. Philippine Ry 4537 .. PCC&St L 43%s'42 B Port Gen El 418 '60 . Porto Rico A T 6s’42. Postal Tel & C 53’53 _. Purity Baking s '48_ R-K-O 6341 Reading Jer Reading R 4%s : Rem-Rand 4% s'56ww Republic St 4348 "50_ Republic Stl 414856 Republic St1 41,8 *61_ Republic St 518 "54_ Revere Cop 414856 Richfleld Oil 6544 stp RG W 1stex in 45’39 Rio G W col 4549 A_. Roch G&F 5s'62 E___ Safeway Stores 45'47. St LIM&S R&G 48°33 St L-S Fran 43'50 A__ StL-SF 43’50 A ctfs. St L-S Fran 43,878 _. St L-S F 41,8'78 cf st. St L-S Fran 53’60 B . St LSF 5550 Betfs. StLS W Ist4s'89 _ StLS W gnrfbs '3D St P Un Dep rf 5s " San A & A Pass 4s’ 43 Schuleo 613546 A stp Seabd A 1,ref 43'59__ Seabd A L 6345 A Seabd A L 65 45 ctfs_ Seabd A-F165'35 A ct Sharon Stl cv 41851 92y, 100% 103 994 1017« 1054 9954 108% 107% 119 112 1027 118% 114% 95 102 117% 100 1048 2314 10 26'% 1107% 63 4% 20% 9Tie 110 94% 107 107% 176 9% 97 120 5 10814 41% 73 33 109% 103 741 109% 103 7415 237 21 105% 100 Silesian Am 7s 41 Skelly O] 4851 Socony Vac 31850 __ 106% 1001, 107 1067% 106% 101 1001 92, 1064 8514 854 85 947, T4y 1043 9314 961y 937y 10615 1034 98 Southn Cal Gas 45’65 Southn Cal G 4% 861 So Colo Pwr 65 '47 A _ South Nat G 4%s'51_ So Pac 3%s 46 So Pac col 4849 So Pac ref 55 So Pac 423 '68_. So Pac 41,8 '69_ So Pac 41,881 So Pac Oreg 4% So Ry gen 43756 A_ So Ry 6s'04 So Ry gen €s 56 So Ry 612356 So Ry M& O 4s°'38 S W Bell Tel 335 '64. Southw’n G&E 4860 Stand Ofl N J 3s°61 10915 10314 947, 105 1041, 1037« 1031 12115 49 1615 101 103% 1114 118Y% 981 114% 108% Tenn C&C 6s'44 B __. Tenn El Pw 63 47 A_. Texarkana 534850 ._ Texas Corp 315851 . Texas & Pac 5s 79 C. Texas & Pac 5580 D Tex & Pac 1st 53 2000 Third Av ref 43 °'60 Third A ad in ex 55'66 Tide Wat Oi] 3%4s'52_ Toronto H&B 4s'46 Un Oil of Cal 3% s '5. Un Ofl of Cal 6842 A Union Pac 31,870 Union Pac 1st 45 '47 Un Pac 1st rf 45 2008 Un Pac 1st rf 55 2008 United Drug 5s°'53 U S Rubber s "47 103% 111% 1181 UtLP & L 5859 w- Ul P& L6%s'47 Vanadium cv 6841 Ver Sug 1st 75’42 ctfs Va Rv 18t 3%s 66 A Va S W con 6558 Wabash 1st 5s 39 Wabash 2d 55 Wabash 5576 B Walworth 4s 55 _ Warner Bros cv 6s'39 Warner-Quin 6839 __ Warren Brev 6s 41 West'n Md 1st 45°52 Westn NY&P €n 45'43 West'n Pac 6546 A as West’'n Un 43850 Westn Un cl tr 58 '38_ Westn Un 5s 51 West'n Un 58'60 1011, 1095 310y 893, 101% 98%, 8813 112 10115 104 104 361 3615 10314 10315 16 16 881y 112 112 Wheel Steel 41;8°66_. 101 White Sew M 6540 __ W Sp Stl con 78°35 et. Wilson & Co 4s'55_ __ WIsCS&DT 4s°36__ Wis Cent 1st gn 45'49 22% 22% Y'ngstn S&T 3%8'51. 147 146 Y'ngstn S&T 48°61__. 103% 103% Washington Exchange SALES—AFTER CALL. Potomac Electric Power 5!2% pfd.— 3 at 1121, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. Anacostia & Ana, & Tel. 4135 Pot.’ bs ot Glar s & P. Tel of Va. bs_ Eantial Traction B, & City & Buburban 55 Wash, Gas i Wash. Gas Wath, Rwy. 6 Eiee. 4 Chevy Chase Club 1st 4%ss Gol.Country, Club 1st 4vis_ M. Cold Storage 5. STOCKS. unbroken \ 1014 | 89 | o mer. Tel. & T Cnmul Transit Co. Po. El. Wash. Gas Lt. new (1.50) Wash. Ry. & El. com. (36)_ 70 Wash. Ry. & ElL pfd. (5)__ 109% BANK AND TRUST COMPANY. Amer. Bec. & Tr. Co. (e8) Bank of Bethesda (h.75) bt SSRGS 83225332 Ingt (8), %fin ngien O e FIRE INSURANCE, American (8) Corcoran (5) Piremen’s (1.20) National Union (.66) TITLE INSURANCE. Columbia (.30) 10 Real Estate (6) MISCELLANEOUS, Carpel Corp. (2.00) z Lanston Monotype (14) s oo RRaS Ya oty = o o Eagk Ha PEFIe et pea: 3 Wawd. & mm'. nfd. (7) +PI Xtrs e 2% extra. h75¢ extra. | $* 30c paid June 3 MONEY MARKET. NEW YORK. August 11 (&), Call money steady: 'L per cent all day: prime cums:emul Janer. 1 Rer czgl " piinie loans steady: 60-90 dl{s 1%, ent: bankers: cceptances unchans redueounl Tate. New York Reserve Bcn 1% per cent. 11%9% extra. 24, 1937, NESDAY, AUGUST 11, 1937 REBOUND SHOWN INPOWER QUTPUT Small Gain Lifts Total 8.8 Per Cent Ahead of Same 1936 Week. By the Assoclated Press. NEW YORK, August 11.—Produc- tion of electricity in the United States for the week ended August 7 was 2,261,725,000 kilowatt hours, an in- crease of .2 of 1 per cent over 2,256~ 335,000 kilowatt hours in the preced- ing week, and a gain of 8.8 per cent over 2,079,137,000 kilowatt hours in the like week a year ago, the Edison Electric Institute reported today. The advance, which was contra- seasonal, carried the Associated Press index of power production (with 1929- 30 taken as 100), to 122.1 from 121.2 the previous week. The index, adjust- ed for seasonal and long-term trend, stood at 114.2 a year ago. The range for recent years follows: 1937. 1936. 1935. 1934. 1933. -122.6 119.8 1055 974 919 -116.3 1020 941 919 802 The institute reported the following percentage increase in major geo- graphic areas: New England, 65; Middle Atlantic, 7.4; Central indus- trial, 12; West Central, 7.1; Southern States, 127, Rocky Mountain, 12.9; Pacific Coast, 7.9. = . JULY AUTO SHIPMENTS DROP BELOW YEAR AGO By the Assoclated Press. NEW YORK, July 11.—July ship- ments from automobile factories in the Unitea States totaled 445550 units, a decrease of 1 per cent from the same month in 1936, according to the preliminary estimates made public today by the Automobile Manufac- turers’ Association. The shipments for the first seven months of the year were placed at | 3,362,970, which is 10 per cent above the same period last year and the largest volume ever reported for this period, with the exception of 1929. STEEL DIVIDENDS VOTED. CHICAGO, August 11 (#).—Conti- nental Steel Corp, Kokomo, Ind., directors voted 25 cents a share and $1.75 a share dividends on the com- mon and $7 preferred stocks, re- spectively, payable October 1 to stock- holders of record September 15. Similar dividends were payable the previous quarter. Washington Produce | BUTTER- -pound prints. pound prints, 92 pound prints. 36; 0 score 36; 4 Fal frozen hams smoked hams. i slab bacon. 30, Dork fresh shiced compound, 13; Tive stock— Pigs. 11a11) 12al2'2: me aal2l 111221134 172111 stags. Ba7: calves, Sailiz es paid shippers. net { ‘o._b. Wash- By the United States Bureau of light hogs. 50 sows. itural Economics EGGS—Market about steady: prices yn- changed. Current receip to Bennery whites, best quality. Dary quaiity 2 graded and aned white egks tras. lune 30: 8 extras. 241y standasds Jarge LIV PoUTIRY Marke: unsettled, “but prices moment. 17| Colored. heaty. No. 2 ghorns. 14-18 ek 0. MEnitkenss CRoeks. premiums on fancy lots: ordi- Government U. 8. e nervous and unchanged at the 18-2 Toost- with : Leghorns! eds. 24-26 colors. ‘mixed colors Fruits and Vegetables. Sales in large lots by original receivers to X am. today APPLES—-One Pennsylv car_on track o arrived: ons | ik receints | We u. | 'inches minimum Starrs mc)m | inimum. | “inches | minimum. «_inches mini- 214 inches. 2 inches minimum, 85 inches minimum. 1.10-125. CANTALOUPES—Truck receipts light; supplies light: demand light: market steady’ Nearby Maryland. bushel hampers. 5(ic CELERY—No carlot arrivals: two broken cars on track. Supplies light; demand light: market steady. " New York. 2 crates Individually washed 2| 73. Michizan. highballs. k5 TETTUCE - No catlot arrivals. four bro- ken and one unbroken cars on track plies moderate; demand- light steady. California, Western crates. dozen. wide range in con: 0-4.00:_fair_condition, 3.00- 1.00- ew York East- ern crates Big Boston type. 2 dozen. 50-60 NIONS—No_carlot arrivals: no cars track. Suppliees moderate: demand light: market steady. _50-pound Yelows, U. S. No. 1: Pennsylvania, 1.00: New York. 1.10-1 poorer lower PEACHES—No carlot arrived; 2 broken cars on track: Truck receipts moderate supplies moderate: demand slow; market gieady. North Carolina. bushel. baskets, Ebertas. No. 1. 2'inches minimum. PRETi0. 2V, iches mprien > .00- 2257 215 inches minimum, 2,50 South Carolina, bushel baskets, Eibert No. 1. 2 ‘inches minimum 15 i [ Rambos 2 00; 23 | b 8 2.00: 2% to' 275 inches. 2.00. ginia. bushel baskeis, Carmans. U. 1. 13 inches minimum. 50-1.00 baskets. Belles. U. S No. 1. 0: bushel baskets. U 2" inches minimum, Varviand, biishel baskets Slappys, v.’s alat"'s broken ‘moderate: des Washington. §. No. bushel supplies mand light: market steady. bushel hampers, Telephones. ATOBS “Truck " receipts moderate: L demand _light: market steady. 100-pound sacks Cobblers, U. §. No. 1: Pennsylvania, 90-1.00; New Jersey, 1.05-1.10, Tomat Prices Steads. TOMATOES—Truck supplies _liberal; light: mark steady. Nearby, 'a-bushel baskets, 25-50. New Jersey. 12-quart climax baskets. 2 WATERMELONS — Supplies moderate. Demand light. market steady. Virginia, boat. bulk per 100 melons, Tom Watsons. extra select. 35.00: selects’ 25.00; primes, 15.00: culls, 8.00-10.00. CRBBAGE Mo Ceavict arrivals: on broken car on track. uck ‘receipts Hib- eral. . Buvplies liberal . Demand Hent. market steady. Nearby. bushel hampers, LIMA BEANS—Supplies moderate, De- mand_light: market weak. Pennsylvania and New Jersey. bushel bagkets. 2.00-2.50, NAP BEANS—Supplies liberal. Demand Heht, motkes Feer. Pensylvanfa, bushel baskets. green flat type. 50-75; round, 75, SPINACH—Supplies light Demand Jight, market weak. Pennsylvania, bushel baskets Savoy. 50-75. SWEET POTATOES—No carlot arivals; one broken car on track. Truck receipts Jieht, Supplies light, Demand light, mar- stea ket about orih Carolina, bushel ket Porto Ricaris. 17200 Juiser s e 25-160. Loulsiana, bushel crates, Bort U. 8. No. 1. 3.00-2.25, li:\l”s;wl “backets, Goldens. T CORN—Suppiles liberal. Demand ligh market weak. Maryland and Virginis, sacks. 5 dozen. 50. ORANGES—No carlot arivals: four brok- en cars on track. Californis, boxes, 4.00- 6.00 85 to grade and size. fONB—California. boxes, No. 1. 7.60- 7.50: No. 2. 5.00-6.50" as to size. HUCKL!B!RRIEB—Jlonh Carolina, 10- 1215 per ‘quart. BLUEBERRIES—New Jersey. cultivated, 100 few 50-3.50. various va- MES—Florida 4/6:pushel boxes. 3.00- TR A EAPPLI uba. 3.00-4.00, bushel ats. fornia. boxes, crates ROTS—Pennsylvania, . topped. 1.00-1 per _dozen bunches, Ohio.” 16-quart baskets, 50; 18 per_six bunches. BI I — Pennsylvania, bushel crates. 1.50. J GRAPES-_No carlot arrivals car on track California. lugs. Thompson seedless 1.75-2.15; Red Malagas, 2.00- “CocumpERs — Pennsylvania. bushel baskets. choice. -Pennsylvania, 20-30 per dosen EWS _No earlot arrivals; ene broken car on track. No cariot arrivals; one broken car on track. one broken bunches. HO) Rail Equipment Profits Continue To Climb Sharply By the Assoctated Press. NEW YORK, August 11.—Net profits of nine leading makers of railroad equipment in the first half of this year totaled $20,435,140, more than triple those reported in the same period last year and slightly over all of 1936, a Wall Street compilation disclosed to- day. In the first six months last year com- bined net profits were $4,886,398, while for the entire year they totaled $18,- 302,926. MACHINERY SALES NEAR 1937 LOW Factory Equipment Orders Have Moved Downward Since April. £pecial Dispatch to The Star. NEW YORK, August 11.—Since April orders for industrial machinery have followed a downward path, ac- cording to the current issue of Ameri- can Machinist. August seems de- stined to continue this trend, but early signs seem to indicate that this month will establish the year's low. A Sum- mer slump in machinery sales may be illogical, since the heavy industries are a long ways removed from the seasonal style influences that domi- nate consumer goods. However, warm weather weakness is traditional in machinery markets and is perhaps a sign of returning “normalcy.” New England is no exception to the general trend, with final reports of July sales showing a tapering off from June figures. August seems headed for a still lower level. Despite cur- rent dullness, dealers in this section look to the next quarter with confi- dence. In the New Ycrk territory a better picture prevails. Both June and July were good months and Au- gust is starting off well Philadelphia finds the atmosphere full of promise in the face of a low August level. From inquiries received, | this Fall should bring another good line of orders. A slight decrease in inquiries and orders is also evident in Pittsburgh, although the recession has not reached the proportions of a slump. Improved labor relations in the steel centers serve somewhat to offset the seasonal swing. Good steady business is in sight when the vacation period has passed Cincinnati reports good volume, with some manufacturers having a big month in July. Those fortunate Cnnugh to have missed the general | dullness doubt whether any slump is | | In sight at all. On the other hand, Cleveland is appreciably affected and unless there is & spurt later in August this month | will likely be the vear's worst | Machine tool volume in Detroit has dropped off. There will not be many changes in cars this vear and con- sequently not much retooling. The move of several larger companies in locating plants elsewhere also has its effect. However, some nice in- quiries are coming in and buying is expected to open up in September. Perishable tools being bought on an immediate requirement basis show fairly good volume. In Chicago there is evidence of orders taking a decidedly upward trend. Unfliled order files Hive kept up in good fashion despite a few rather lean weeks. There is consid- | erable buying on foot again, particu- larly among some of the larger cor- porations A fairly steady volume has been maintained in St. Louis and inquiry | has again become more active, BIG GAIN PREDICTED IN 1937 PECAN YIELD By the Associated Press. The Crop Reporting Board said yes- terday August 1 conditions indicate a 1937 pecan crop of 63,440,000 pounds, compared with 40,135,000 pounds in 1936 and an average of 62,965,000 pounds for the 1928-32 five-year period. Indicated 1937 production, oom- pared with 1936 production, included (thousand pounds) : North Carolina, 939 and 1,100; South Carolina, 1,160 and 1,500; Geor- gia, 7,590 and 9,800: Florida, 1430 and 1,650; Alabama, 3,770 and 3,140; Mississippi, 5,600 and 3.850; Arkansas, 4,745 and 2,240; Louisiana, 4,165 and 4,100. $134,654 LOSS SHOWN BY CUSHMAN’S SONS By the Associated Press. CHICAGO, August 11.—Cushman’s Sons, Inc., New York, reported for the 28 weeks ended July 17 net loss of $134,654, compared with a net loss of $446,720 the corresponding period of 1936. For the 12 weeks ended July 17 net loss was $83,476, compared with $111,745 a year ago. Processing tax refunds received in the first 28 weeks of 1937 were not included in these figures. BRIGGS MANUFACTURING REPORTS LOWER NET By the Associated Press. NEW YORK, August 11.—Briggs Manufacturing Co., Detroit, manu- facturer of automobile bodies, re- ported net profit for the quarter ended June 30 of $3,453,771 after charges, equal to $1.75 a share, compared with $4,370,854, or $2.21 a share, in the June quarter of 1936. "JOSLYN PROFITS SOAR. CHICAGO, August 10 (#).—Joslyn Manufacturing & Supply Co. and subsidiaries reported consolidated net profit of $573,025 for the first six months, or $3.57 a common share, compared with $160,695, or 89 cents, the corresponding 1936 period. Investment Security— " Good Income a Surety FIRST MORTGAGE NOTES Safety so soundly assured is sel- dom coupled with an income so liberal, SHANNON & LUCHS Members of the Wuhhw!ol Real Estate Board 1505 H Se. N.W. Natl. 2345 FINANCLIAL EARNINGS CLIMB AT RESERVE BANKS Reach $5,791,603 in Half, Against $3,277,988 in Period Year Ago. By the Assoclated Press. The Federal Reserve Board reported last night that current net earnings of the 12 Federal Reserve banks were $5,791,603 during the first half of this year. The total was $1,827,199 in excess of dividends paid. For the first six months of 1936 the bank’s current net earnings were $3,277,988, or $643,358 less than dividend payments. The banks reported total earnings of $19,758,606 and total current ex- penses of $13,967,003 for the period this year, against earnings of $19,129,- 646 an dexpenses of $15,851,658 in the first half of 1936. Of the earnings this year Govern- ment security holdings accounted for $18,627.456 and industrial advanoes for $591,341. Last year these earnings were set at $17,615,195 and 3843 212, respectively. Salaries to officers this year totaled $1,156,528, compared with $1,245,366 in the first half of 1936. Salaries to employes were $8,114,334 and $6, 874,- 173 in the respective periods. Current net earnings of the 12 banks | for thé two six-month periods were listed as follows Boston, $391,810 in the first half of 1937, compared with $134,683 in the | first half of 1936; New York, $1,865,084 ‘ and $1.478,193; Philadelphia, $508,764 and $198,197; Cleveland, $596,555 and | $247748; Richmond, $255909 and | $122,301; Atlanta, $261,065 and $100,- 649; Chicago, $659,076 and $341, 826; St. Louis, $227,548 and $204.055; Min- | neapolis, $161,579 and $64,124; Kansas | City, $199,984 and $50,229; Dallas, $20: and $153,460; San Prancisco, | | $461,570 and $182,523. > BANK LOANS SCORE SHARP GAIN IN WEEK By the Associated Press, NEW YORK, August mercial, industrial and agricultural | loans of Federal Reserve member | banks in leading centers increased | sharply in the week ended August 4 | The $74.000,000 rise was accounted for almost entirely by agricultural loans, the sale of Commodity Credit Corp. collateral trust notes for $60,- | 000,000 being the dominating factor m the upturn. Loans to industry and agriculture, | reported by the Reserve Board, com- pared as follows Week ended August 4 Previous week . 11 —Com- $4,499,000.000 | 4,425,000,000 i CHICAGO LIVE S'IaCK | at 8414 BACKLOGS DROP AT STEEL PLANTS Brisk Fall Business Seen Ahead Despite Present Operations Lag. BY the Assoctated Press. NEW YORK, August 11.—Despite the possibility of further slight down= ward adjustments in steel operations this month, Iron Age cited indications of a brisk Fall businese. “As steel shipments are running considerably in excess of the volume of new business,” the review continued, “backlogs continue to decline, with consequent improvement in deliveries, “Steel ingot output for the country as a whole is estimated for this week per cent, only a 1, point down from last week, but further slight ad- justment downward is a possibility this month prior to the resumption of buying on a larger scale for sarly Autumn requirements. “The continuance of high operating rates in the face of the year's low in shipments to the automobile industry and a relatively small volume of steel consumption for building construce tion points to an active Fall trade, in the opinion of steel industry sales de- partments. “While total production in the last half may fall below that of the first | half, the net return to the steel com- panies will be greater because of a higher average level of billing prices. “Automobile buying for new models has not yet run into large tonnages, but some orders have heen placed for initial production and larger orders are expected before the end of the month. With resumption of work at the Ford assembly plants this week following a three-week shutdown, 110,- 000 to 150,000 of the 1937 models will be turned out before production is started on 1938 models in early Sep- tember. “Manufacturers of farm machinery and tractors continue to operate vir- tually at capacity and account in considerable measure for such im- provement as has occurred in demand for steel at Chicago, “Tin plate mills are operating at 100 per cent, with can companies putting on pressure for shipments. Indica- tions point to a record-breaking output of tin plate this year. “The Iron Age scrap composite price has advhnced to $2050 from $2042 last week,” the survey said NEW YORK BAR SILVER. NEW YORK. August 11 () —Bar siiver steady and unchanged at 447%. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chalrs Steel Files CHICAGO. A: 11 (P (United States Depart { Agriculture) —Ho 00 direct. market 1o Jie average: top. a1d k 200d and choice 1K022 uu (d3:10-45. 240-300 pounds | flood and choice 15-170 | 5. most good packing | 1, few light-weights on but cher Grder 1012 Cattle %000, market u.\es 1.200: almost a ! e and pr 17.60 paid m‘\ light _steers Steers 13.00: heifer | SeRrngs up “to T o3 sk ba see L | jearling market. ruling’ very active “on | inds selling 8t 15.00 Upward and steads | to strong on common and medium grades Including stocker’and’ feeder cattle: - na- tive and Kansas grass steers. 10.00-12.75 with thin stockers at 8.50 down_ to fi 75 §rass cows and heifers weak to 25 lower: ed heifers firm: cutter grade cows 10-15 higher: bulls and vealers steady; cutter cows 550 down. strong-weights. 5.75: a ®0ood many beef cows sellin; flnn 50 weighty sausage bulls up to 7.35: tlultn” 50; selects, 12.00: thro outs EOO- Sheep. 9.000. lr\:lvld ng 6,500 direct Spring lambs activ lly steady: good to choice natives, 11 H* 25 to local pnrker limited number 1 best held hi, fln\]l‘!‘ ®ood Idaho Spring lambs (1 \EPF‘D S»Eadv slaughter ewes, yearling NEW YORK PRODUCE. NEW YORK. August 11 300: steady to fira 201, firm 31 State. whole 2. fresh spe- ) score)’ (87 Money for Cou:lrncfion Loans an Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEI. BORGER €43 In Nat’l 0350 Safe Investments Fm! mortgage notes, 67 un- ively appraised, new buildings in Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 cured on con- by Maryland. Denominations of Established Nearly 40 Yoars Desks Steel Cabinets Tables Safes BAUM’S FURNITURE HOUSE 1416 Eve 8t. N.W. Phone NA. 3184 or Offset of the larsest Day and nisbt 1o provide ¥ able rates: Letterpress ‘We maintain one plants in the t;n e service design anteed work at resson National Capital Pren: 3rd & N NE. Lincoln 606 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 FIRST TRUST LOANS LONG TERM 5% $6.60 per month per $1,000 includes interest and pay- ment on principal. Pays loan in 20 years. No renewal. ALSO 3-year straight loans and construction loans. BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co 1417 K St. N.W. NA. 9300 5% is Low INTEREST for a LoNG TERM MORTEAGE Do You xNow that you can reduce the inter- est on your mortgage to 5%? That your mortgage can run for 20 years, with- out renewal costs or re- financing fees? That you can repay the principal monthly, like rent, if you prefer—andownyourhome, free and clear, when the last payment is made? Our Plans are worth know- ing about. Come in today. WEAVER BROS ¢ REALTORS Mortgage Lan Corvespmdent Matropelitan Lifs Inmrancs Company WASHINGTON BUILDING DISTRICT 9436 LIBERAL DIVIDENDS PLUS <_—)7 umzeo{ PRINCIPAL FOR é{l VL.n’J At Interstate your sav- ings are at work for you earning liberal divi- dends. 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