Evening Star Newspaper, August 13, 1937, Page 13

FINANCIAL. U. 5. BONDS EASE IN QUIET TRADING Corporation Section Uneven With Rails Moving in Both Directions. Bond Averages L 10 Ralls. Indust. Uil Net change. —.1 Unc Today, noon 91.2103.2 98.6 Prev, day _. 91.3103.2 984 Month ago. 9271028 97.0 Year ago__. 94.1103.3102.7 1937 99010441028 1937 90.9 102 8 1936 ©8.2104.4103.1 1936 86.9101.8 993 67.6 1932 458 400 646 422 1928 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ._...111.3 Prev. day.111.3 Month ago 110.7 Year ago_ 1118 1937 high. 113.7 1937 low.. 108.4 1936 high_ 1135 1936 low_. 110.2 1928 high. 104.4 1932 low 86.8 10 Fen. Unc 3.2 3.2 72.9 69.4 4.7 705 73.0 (Compiled by the Associated Press.) By the Ascociated Press NEW YORK. August ment obligations faltered bond market today. Losses ranged from 1-32 to 7-32. Trading in foreign dollar bonds was marked by setbacks in Japanese issues on Far Eastern War news Domestic corporate obligations were 3.—Govern- in a quiet uneven, with rails moving a point or | more in both directions. and utilities held steady St. Paul 55 jJumped around 1'4. while “Katy” 5s gave up a point. Ilinois Central 4% sagged 1. in contrast to a gain of a major fraction by Chi- cago & North Western Youngstown 3',s, Walworth 4s, U 8. Rubber 5s, Studebaker 6s, Pacific Gas 3% s and International Paper 5s were gainers. Bethlehem Steel 4'4s #nd 33, slumped minor fractions. The Japanese 6i,s fell around 2 points, and the 5'.s dipped about 214, Otherwise foreigns held to a narrow track with interest negligi| 6195 advanced nearly a point, DIVIDENDS ANAIOUNCED g Industrials U S Gov't Bond Foreign Bonds. _. Domestic Bond: 12148 1949-53 23,8 1945-47_. 23,8 1948-51_. 103, 101. 381946-48 | 381951-65 33451946~ 3148194952 3% 81941 3% s 1944-46 335 1940-43June 3% 1943-47 . __ 435 1044-54 4SS 4108194752 45 23S 194247 218194244 _ 23,8 1939-49_ 351952 100 | Abitihi Pa& Pw 5553 Agr Mtz Bk Col 6548 | Akershus 55 63 Antioquia 1st T8°57 _ Antioquia 2d 7857 n_ Antwerp 5s'58 Argentine 4872 Argentine 413871 _ Argentine 65 '60 May Argentine 6s 60 Sept Argentine 63 ‘59 Oct Argentine 6361 May. Australia 4155 ‘56 Australia 6s’ Australia 5s Austrian 78 '57 Berlin Elec 65" Brazil 61,8 26~ Brazil 65 Brazil 7s ' Brazil 8s 41 Buesnos A 3s'84 Buenos Alres 434545576 April. Buen A 45-4%s Buenos A 41,576 Aug Buenos A C 61.s'61Pv Ruenos Af1;s'61st pv Bulgaria 715 '68_ Canada 21;5-44_ Canada 2%gs 45 Canada 3s'67 Canada 334 s'61_. Canada 4s'60 | Canada bs'52 Chile 6360 Chile 6s'61 Febr. Chile 6563 Chile Mtg Bk 6 | Chile Mtg Bk 6562 | Chilean Mun L 75 '60_ Colombia 6361 Jan Colombia 6s ‘61 Oct Col Mtg Bk 6155 "47 " | Col Mig Bk 7847 Avers B F & Sons Brown Rub Iac Moran Tow 77 bt pf 35 Extra 1oe 25c Brown Rubber Gt Atlantic & Pac Tea May Hosiery Miils A Pet Exploration 8unset McK Salesh B Special Southingion Hdwe 3 Underwood El Fisher 3 Peoples Drug Stores aoc ac Increased. Bunset McK Sales B 175 Interim. Crown Zeller 2 Regular. s s s 1720 Atlantic Steel Champion Hsrdware Continental Mills Duro-Test _Corp Frankiin Co Glen Fails Incur Gt A. & Pac Tea Do 77 pf Kingston Prod Do. 7% Df 20000 Rich's Inc Ki," Sharoa Steel Shattuck (F G\ Sncet McK Sairch Underwood F. F J 1 Case pf City Ice & F: Duguesne Lig pf Fin Co of Am Fin Co nf Am [Peoples Drug Philadelphia Co X St cum_ pf Phile Co_$5 cum pf Bharon Steel pf ) NEW YORK BANK STOCKS Becurity Dealer ‘\«nrm 1on (Quotat Bk of Man ( Bankers Tr (21 Bkivn Tr (4) Cen Han Bk & Tr (4) [Chase Nat (1401 Chem Bk & Tr (1.80) jommercial (R [Cont Bk & Tr K0) [Corn Ex Bk & 3 “B 500 DODL £0 HHNO OO [Guaran'y Tr Irving Tr « 60y [Manutacturers Tr (71 [Manufacturers Tr pf (2 Natl Citv (1) N'Y Trust (5) [Public ( ) Title G & T [REGISTRATION STATEMENTS. Br the Associated Press Registration statements for new securi- jes filed with the Securities Commission day_included chester Gas & Electric Corp.. ester, N Y S000.000 of Hix [general mortgage bonds. series H. 1967 for eapital expenditures ~ underwriiers ‘First [Boston Corp.. Edward B. Smith & Co. and th Filton_Industrial Securities Corp sonville. Fla.. 20.000 shares 5 ative preferred stock and 1 par value common stock. estimated. $1.140.000 proceeds for redemption profit-sharing bonds and for working capi- Jtal. No underwriter named Mining Truth Blind Pool_of 1927, Spo- Jkane, Wash. $250.000 of S100 par value articipations. for purchase of mining se- urities. No underwriter. FOREIGN EXCHANGES NEW YORK. August 13 (P —Foreign xchunge firm. Great Britain in doll others in cents: Great F OR3,: cables. 4 983y 4 13% Roch- per_cent Jack- 0 cumu- 20.000 shares of ‘rance. demand. taly. demand. . Del {tzerland ga1. 450 echosiovakia. Ustria 1R.R7n: 7 Argenuna, oklo. 25 10 Shanaha 3735 xico Gty Rew Yorl DHOR L, Ne 00.0 o minal. FOREIGN MARKETS. LONDON. August 13 (#.—The stock market closed auiet traders exer- lsing_caution and awaiting further de- velopments in the Far East situation. Tansatlantic shares were the most active jgeveral of which closed higher. while ‘the [Far Eastern groun was unsettied. Copper ex were easier and the oils held teady. but mining shares became rea ftiona Plrl! international securities moved ir- tegularly in the Bourse although the losing tone was generally firm. Rentes ere mixed and finished 10 centimes lower o 83 higher. Suez Canal shares gained 25 francs and Roval Dutch and Bank of [France issues moved 50 francs higher, T. S. TREASURY POSITION. ¥ the Associated Press. The position of the Treasury August 11: ipts. $11R.362 5 4 Poland. 18 Yugoslavia. 16 Rumania, Brazil, R.R014n} 29 69: Hong Kong 7R5: Montreal in York in Montreal, tnr the fiscal vear (since July 75,6850.33: expenditures O nehiding A56a T 451 5 Xpenditures; excess of LaST08 debt 54 31 O ere over lhe nrevmux “day: sl“ 491 Shending S0 90103506 of 1nlcl|ve sold. RECEIVES STOBE POST. CHICAGO, August 13 (#).—Jewel ‘ea Co., Inc, announced today F. J. [Lunding has been appointed mer- jchandise manager of Jewel Food Btores, effective August 14. He suc- d W. 8. Jamieson, who resigned recently. of | ‘COI‘PI’\YISKOHQ' Copenhagen bs | Cordoba 7s 42 prv | Cuba 41,5740 Cuba 51,545 | Czechoslovakla §5'51 Denmarx 4% s 62 Denmark 53 | Denmark 65 42 Dominic 1st 51842 | Fiat deb 7546 Frameric In . | French G 735s Ger Gen Elec 613840 | Ger Gen Elec 75745 Ger Gov 6% 65 st Grt CElJap 614850 Grt C El Jap 7544 Greek Gov 6s'68 Helsingfors 612560 | Hung Con M 735 "45_ Karstadt 65’43 et stp Kreug&Toll 55 '59 cfs Met Wat 5 ‘ Mex 4510 Mexica 4s 51 asst Minas Gers fils ‘58 | Minas Gers 61,5 '53_ Montevideo 7552 Norway 4s 62 | Norway 41,5 '65 | Norway 6s 43 | Norw Hy El 5338 '57_ | Ortental Dev 51,558 1 Oslo 4158 0sloG & Panama 5s'63 stp as._ Paris Orl Ry 5155 °68_ | Pernambuco 7847 Peru 6360 | Peru 6s"61_ 555763 | Poland 6s 40 *| Prussia 6128 51. | Queensland 6547 Rhine W El P 68 Rhine W El P 6s Rio de Jan 635 63 Rio de Jan 8546 Rio Gr do Sul 65 '68_ Rio Gr do Sul 7s 66 Roumania 78 '59 Sao Paulo C 615 57 Sao Paulo St 7 40 Serbs 78'62__ Serbs 8s'62 Siemens & H 61 Sllesia Prov 7s'58 __ Taiwan Elec 5%8'71_ Tokio 6%s'61. _____ Toklo E L Ltd 6353 . Un Stl Wks 615851 A Uruguay 6s 60 Uruguay 8s 46 | Adams Express 4547 | Adams Express 4s 48 Alleg Corp 5844 Alles Corp 68 49 Alleg Corp 68 50 stp Alleg Valley 48 '42 Allied Stores 4148 51 Am & For Pw 55 2030 AmiIGChb6%s 49 Am Intl 634849 AmT& T 3%s '61.. AmT& T 3%s 66 AmT&T 414839 AmT & T6%s 43 Anaconda deb 448 Anglo-Chil Nit 7. Armour(Del)1st 48°65 Armour (Del) 4s°57_ A T&S Fe 4s 05-'55 A T&S Fead)j 4395 st A T&S Feo gen 4396 A T&S Fe 4%s 48 AT&SFeCA 434862 A T&S Fe TSCL 48 '58 Atlanta & Birm 4s°'33 Atl Coast L 1st 48°52 AtICLun4%s'6s _ Atl Coast Line b5 46 Atlantic & D 1st4s’48 B&O 1st 4s 43 B&O 4%s 60 B & O Swn bs 50 Bang & Aroos 58’43 _. Bell T of Pa bs B Bell Tel of Pa 5. Beth Steel 3%,8°66 ___ Beth Steel 4 %45 60 Bos& Me 4%s'61J Bos & Me 6a°66 Bos N Y A L 48’55 Bklyn C RR 6s 41 Bklyn Ed con 3% s Bklyn Man T 4%s* “ Bklyn Un EIl 68’60 Bklyn Un Gas 63 50 . Bklyn Un G 68 67 B Buft R&P con 434857 Bush Term con b3 '65 Bush T Bldg 58'60__. Calif Packing 85 40 Camag 78 42 ctts Canada So 58°62 A Can'dian NR 43%s ‘51 Can'dian NR 4148 °56 Can’'dian NR 4%s 57 Can'dian N §s'69 July Can'dian NR5s'69 Oct , Can'dian NR 55'70___ HOME OWNERS' 100.18 ~ 108%, Approximate Transactions Today. TREASURY. High. 824 98, Low. 20 100.3 100.3 106.13 106, Zi 116.20 FEDERAL FARM MORTGAGE. 102.10 102.8 LOAN. 100.17 100, 102, 102.23 1 FOREIGN BONDS. High g 23% —. 1001 11t 11y 1013 a, 102 1014 1008 10043 1008 103% 109 1081 1047 11 11 10135 9415 1015 F101H | 100 by 10043 100/ 103% 109 1005, 10043 1001 1033¢ 10874 1081, 1041 261y 43 43 1001 95 1004 1077 1001 1018 104 1011 1027 106 T 91y 1100 10215 1011 10234 1011, 10278 106 aly 1091, 10215 39 201, 30 Al 20 T4y 301, bRy T 7( 3019 673 i COMESTIC BONDS. 101 1003, 1017 1017 94 3w, R6ly R6Y, 5916 59 1008 101% 938 R/6Y 59 108% 981 R0 107 106% 100 993, 104% 112 106 37% 9814 98x, 1063 106% 111 108% 113% 1134 108% 9814 80 107 105% 100 99'% 104 112 106 37% 9814 981 106% 1051 111% 108% 113% 981y 8014 107 1051 100 9974 1041, 11214 10614 3% 981y 983, 107 106% 1114 10885 1% 6% T5% 90% 100% 113% 11814 126% 104% 25% 117% 113% 114% 113% 116% 116 1194 119 118% 118% 113% 114% 113% T | THE EVENING STAR, WASHINGTON, D. G, Cen Pac db 48 perp rg Can'dian Pac ¢14s 46 Can‘dian Pac 4%s ‘60 Can'dian P 5544 cf: Can‘dian Pac 68 ‘564 _ Caro Cent con 4349 __ Cent of Ga con 58 '45 Cent Ga MG&A 55 '47. Cent Hud G&E b5 '57_ Cent Il E& G 68°51_. Cent I11 Lt 315566 Cert N England 4 Cent of N J gen 58 '87 Cent Pac 1st rf 4349 Cent Pac b8 ‘60 Cent P Tr Sh 48’54 Cert'd deb 5145 48 Champ P&F 43,85 Ches & 0 31%s'96 D Ches & 031,896 B C & O con 6839 Chi & Altref 3s°49 Chi B&QI div 3%s 49 Chi B&Q gen 48 58 Chi B&QL div 4s 49 Chi B&Q 4% '77_ Chi& E 111 6s°'61 __. Chi Grt West 4559 CM&StP gn 413 5'89 C. CM&StPbs 75 CM&StP&P adj5. Chi & NW gen 3145’87 Chi & NW gen 4s'87__ Chi & NW 4% Chi & NW gen Chi & NW rf bs 2037_. Chi R 1&P gen 48 ‘88 _. Chi R I&P rf 4s 34 Chi R1I&P 4158°52 ctf 2 ChiRI1&P 41, | Chi RI&P 4138 5 | Chi R 1&P 4348 | Chi Un Sta 335851 |ChiUnSta3%s'63 E | Chi & W In con 45 ‘62 | Chi & W Ind 4%s62_ | Childs & Co 5843 _ CinG & E3%s 66 [CinUnT3%sDgta_. Cin Un Term 58°57 _. | CCC&St L gen 48°93 | CCC&St L rt 4348717B Clev Un Ter 4%s'77_ | Clev Un Ter & | Clev Un Ter 5% |ColoF & 1554 | Colo & So 4% 580 Columbia G & E 58 '52 May Columbla GRE 58'61_ Colum Ry P&L 45 '65. Comel Credit 338 '51 Com Inv Tr 315851 Cons Coal Del 5860 _ Cons EAN ¥ 33,846 “« Cons EAN Y 3%s'56. Cons Gas NY 4%s ‘51 Consol O11 3158761 Consum Pwr 3%s'66 Consum P un 3%8'65 | Consum Pwr3158°70. Container 6546 | Crane Co 315851 Cuba Northn §%4s '42. Dayton P&L 314860 Del & Hud ref 4s 43__ Del P& L 415871 __. Den G & E 5s°'51 st __ Den & R G con 48 '36_ Den& RG 44836 Den & R G W 6855 | Den & RGW D&RGWr | Det Edison 3 Det Edison 4128 ‘61 D |DulSS & Atss’ Duquesne Lt 333 '65 Flec Auto Lite 4552 Eriecv 4533 A_ 1e cv 4s ' B. Erie cons 48 '96_ Erie gen 4596 Erie ref 5867 Erieref 58°75 Fairbks Morse 4s '56._ Fla ECRy5s'T4 | Fla E C RV 5574 etts tUnD4ly8'¢l . IV H&H 513835 Gen Mot Acc 3 Gen Mot Acc 3% s "51. Gen Stl Cast 535K '49_ Goodrich 43,556 _ | Goodrich 6545 Gond\ ear T&R 5857, Great N Ry 48 46G__ GrtN Ry 4s 46 H Grt M Gt Hoe (R) 1at mtg "44 . Houston Ol 612% "40 | Hudson Coal bs 52 Hudson Co G 1st 55'49 Hud & Man inc s ‘57 Hud & Man ref 58 '57 111 Bell Tel 335°70 __ 111 Cent col tr 45 '52 | 111 Cent co! tr 4553 Il Cent ref 4855 11 Cent 43,566 ___ 11 C Lou3tys 53 rez 1CC& 4863 | ICC&St LN O 58°63 | 111 Steel deb 415840 | Inland St1 33861 __ | Int R T 15t rf 6886 IRTIstrt5s'66 ctfs IntRT 7832 <23 | Int R T 75 '32 ctfs | Interlake [ron 48°47. Int Grt Nt 5856 B Int Grt Nradj 6#'52 A Int Hydro Elec 6544 Int Mer Marine 6841 Int Pap st 5847 A__ Int Pap ref 6s ‘55 Int T&T cv 43839 | Int T&T 4352 Int T&T 58 '56 Towa C 1atére 48 '51_. Jones& L Stl 4 L s'61A Kan CFS&M rf4s’'36ct Kans C So 1st 3s ‘50 Kans City So ref 58’60 Kans C Ter 18t 45 °60 Kans G&E 4148°80 Kings C L 1xt 61,8 '54 Kresge Found 3348’47 Kresge Found 4s 45 Laclede Gas 53 °39 Laclede G 6%s°'63 C_. Laclede G 634560 D_ Laclede Gas 68 42 A Lake S&M So 3% 897 Lautaro Nit 19758 __ Leh C&N 4%s8°'54C _ Leh & N E RR 4s'65_ Leh Val Coal 6864 Leh Val Coal 58'74_ Leh Val Coal 6s°38 _ Leh V NY 434840 gtd Leh V P con 482003 Leh V Pcon 4 Leh Val Term Ligg & Myers T8 44, Loew's 313 8°46 Long Islref 4s'49 _ Long Isl rf 4 La & Ark 6s 69 Louisv G&E 3% 6 L & Nash 3% s 2003 L & N unif 4s°40 L &N 4%5 2003 C. L&N532003B._ McKess&Rob 5% 850 MeC RReclt 4845 A_ Manati Sug 7% 842 _ Man 8 1st T%8'42ctfs Manhat Ry 48 90 ctfs Mead Co 6s°45 _ Met Ed 1st rf ¢ Mil El R&L 6= '61 Mil El R&S L rf 68’71 Mil Spa & N W 45°47_ MStP&SSM cn 4 MStP&SSM cn 6538 MStP&SSM 6s'38 gtd MoK &T 1at 48°90__. MOK&TSEs 62 A .. Mo Pac 4s'76. ______.. Mo Pac 68718 G Mo Pac 58 '78 G ctfs. Mo Pac6s’80 H . Mob & Ohio 5838 Mob & Oh M div 58'¢7 Mohawk & M 4s'91 Monong Ry 1st 43 '60 Monong Pub S 43456 Monong Pub S 6 Mont Pwr3%s '66___ Mont Tram 6341 Morris&Essex 4% w55 MorriskEssex s 55 . Natl Dairy 3% s’S1ww Natl DIsPC4%s"¢5. Lcw E T&T 1at bs . 106 . 101y BONDS ON N. Y. STOCK By private wire direct to The Star. High. Low. Close. 95% 95 95 104% 104% 10414 103% 103 108 1145 114% 107% 107% 70 70 26% 27 20 20 105% 105% 103 108 4 104% 10414 69 69 493 50'% 108% 109 94'n 843 104 104 Ria B3 1074 107% g 98 9T 98 s 1074 491, 10918 112 11214 10919 31 3R 25 34 17% 15t 1715 168 114 1058, 1081, 1035 102 £6 101 104 107 101 1087 104 102 "6ty 104% 107 101 91 1031 1071, 110 1047y 6 1021 M0 1061, 1053 105 10615 10315 101 10315 1031 . 105 10214 e * | Republic St1 4148 "50_ 19 1045, 115 43 106 1091 lth . 105% 109'% 104% 113 100 105 9Ty 68 67 5615 1033 3414 10214 1011 854 1 Morris & Es 3%s 2000 94% 94% 943 104% 104% 104% 06 106 106 107 107 54 b4 121% 1214 121% 124% 124% 124% ™ | Pressed stl Car 5 RIA&L 15t 4i,8'34_ | Seabd A-F168'35 A ct | SoPac3is 46 | So Pac col 4549 | Swift & Co3% | Tenn El Pw 6s 47 A | Texas & Pac 5377 B_ EXCHANGE . Low. Close. 9814 99 107% 107% 9R 98 103% 103% 97 97 88 B8R, 971y New Orl PS6s'52 A N Y Central 3%s '52_. NY Central 314897 __ NY Central 3% NY Cent con 4 NY Centrf4%s 2013- NYCrf4%4s2013n__ NY Cent rf 68 2013.__ NYCLSh3%s'08 __ NYC&St L 18t 45°37_.. 1 NYC&St L 4%s'18 NYC&St L 65%8°'74 A_ NY Chi & St L 6s°38 NY KEdison 23 s 65 D. NY Edisref 31,s'66_ NY G El H&P 5848 __ NY L&W 41,5°13 = NY NH & HCR 4s'56_ NY NH & H 4857 _ NYNH&H ¢%8'67 NYNH&Hecv 6848 NY O&W gen 4855 __ NY O&W ref 4s 9 NYQueens con3 NY Steam 1st 68" 88 8R4 9714 NY Tel gen 4148'39__ NY W&B 414846 )\lag Sh51%s'50 r\orl S 18trfos'6l efs North Am Co 58761 North Am Ed 6869 C Nor'n Pac gen 33 2047 Nor'n Pac 4s 97 = Nor'n Pac 41 2047 _ Nort'n Pac 55 2047 C_. Nor'n Pac 53 2047 D__ Nor'n Pac 6s 2047 __ Ohio Fdison 3% x°'72_ Ohto Edlson 45 65___ Oreg W RR 4s 61 Otis Steel 414862 _. Pac Gas & E1 31,566 PacG&EI%n 61___ PacG & E4s 64 _ Pac T&T 3% '66 C Paducah & 11141, s Panhand EPL 4s Param’t Pic 3% s Paramount Pic Penn Co 31 Penn Co 45 Penn Co 4563 Penn P & I, 474881 Penn RR3%8 w1 Penn RR3%s'70 C Penn RR cn 4848 stp Penn RR 41,881 D _ Penn RR 41, s 84 Penn X1 con 4%5'60 Penn RR gn 4865 Penn RR deb 414x'70 Penn RR gen 53’68 Peonle GL&C rf 547 Pearia Pek 1 <74 Pere Marq 1st is ‘56 Phelps Dodge 3%4s'52 I’hila B&W 45’43 Phila Co 5567 Phila Elec 3',8°67 __ Phila & R C&1 6373 Phila & R C&1 634 Philippine Ry 4s°37_ PCC&St L 413571 C 2 1003 108! 1005 93 100'% 1037 1071% 1027 . 93 100% _ 108% 1071 | Pitts& W Va 414560 C | Port Gen El 412850 . | Postal Tel & C 6553 Potomac FI P 3% s '66 51 Reading R 414,897 A Rem-Rand 4% s'b6ww L 10615 1071 2 174 ar 962 1195 103 175 103 101% 100 T4 241, Republic Stl 4148 '56_ Republic Stl 4358 "61_ Republic Stl 5158 "54_ Revere Cop 414856 _ feway Stores 4547 Saguenay Pw 434866 StJo Ry L T&P 6s'37 St LIM&S R&G 4333 St LS Fran 45'50 A St L-S F 4850 A ctfs St L-S Fran 414578 St L-S F 434878 f st. StL-S Fran 58’50 B__ |StL S W ist4s's9 StLS WV gnrf5s StI.S W Ist ter 585 StPKCSL41;8'41 StP M&M P ext 45°40 San A & A Pass 4’43 San An P Sve 68’52 A Santa Fe P&P 53742 _ Schulco 612546 A stp Seabd A L 4850 stp_. Seabd A luref 4859 _ Seabd A Lirf 48'59 cfs 2 | Seabd A Liadj 58'49__ Seand A L 63’45 A __ Seabd A L 6s 45 ctfs_ 1053 100 102 1011 1064 1003, 1071 1067 100 923 1061, 85 8515 a4, 10815 Sharon Stlcv 41 <nell Undeb 31 South R-n T&T 5841 Southn Cal Gas 4s 65 1008 107 1067« 100 <c) Pac S F Ter 4s So Ry gen 4m 56 A _. So Ry gen 6s 56 So Ry 615866 SoRyM&O 4s'38 | So Ry St Ldiv s '51- S W Bell Tel 315 '64. Staley A E 45 46 Stand O1I N J 38'61 __ Studebaker cv 63 '45_. 850 105% 9 1143, 106! 941y 105% 104 103 10319 Texarkana 528 50 Texas Corp 3%8 51 _ & Pac5s'79C. s& Pac 55 '80 D | Tex & P MPT 5% '64 Third Av ref 48 60 | Third A ad in ex 58’66 Tide Wat Oil 3% 8'52. Un Oil of Cal 3% 852 Un Oll of Cal 63 42 A Union Pac 31,870 Union Pac 312871 .. Union Pac 1st 4547 _. Un Pac 1st rf 4s 2008 United Biscuit 55 '50_ United Drug 68°53 U S Rubber bs '47 Utah L& T bs 44 Utah P & L 6844 Util P& L 68 59 ww_. Ul P& Lb6%s 47 _. Vanadium cv 58°41__ Sug 1st 78’42 ctfs Ry 1st3%s 66 A Wabash 41,878 ctfs_ Wabash 15t bs 39, Wabash 2d 5s°39, Wabash 518 75 Walworth 4s 55 Warner Bros cv 6s ‘39 Warner-Quin 6s°39__ Warren Brcv 6s'41__ West Penn P 313866 W Sh 1st 45 2061 gtd. W Sh 18t 43 2061 reg._ West'n Md 1st 43 °52_ Westn Md 5328'77___ West'n Pac 6546 A as West'n Un 4% 350, Westn Un 65 ‘51 West'n Un 5360 - Wheel Steel 434866 __ W 8p Stl ¥t 78°35 ct_ W Sp Stl con 7835 et. Wilson & Co 48 '6b Wis Cent 1st gn 4s'49 WisCS&DT4s’'36_. Y'ngstn S&T l‘/.l 61. Y'ngetn S&T 4 1054 251 105% 150 103% 103% 150 103% NEW YORK PRODUCE. August 13 Mixed colors, Other Cren ery hisher rs *" NEW YORK. uounlln“efux‘n firmer. 3214-33: ext: score) centralized (80" score). 1. Other® Brices unchanged. Checse. " 185.016: steady. changed. Dressed mulu’! ltelflv to firm. Fresh and frozen. fowls. 36-42 pounds. 16'%-2]'%. Other fresh and frozen pricés unchanged. Live poultry—By gxpress steady: broil- Leghorns. 25-27 -"fi crosses, 2514-28. Tovhorns. > 17251 . _ Other express prices unc! By freleht: Brotlers Seady: Hocks. 25 i Leghorn. 25, Other Tive poultry prices h’ !rellht unchnnled Prices un- — g MONTREAL SILVER. NTREAL. August 13 (P.—Silver_ fu- MO tures openld lleldy and unchanged. Se tember. Dec 605 Mrreh, o s 4t RUBBER FUTURES. e fuvores et ackly hady.OTide | oA e ¢ Vlower. . ‘Septamber. "1A33-36: Decem: Der. 18.51-05, Mareh. 18.66.56. FALL PROSPECTS HOLD ATTENTION |Retail Volumes Irregular, but Average Shows Slight Advance. By the Associated Press. NEW YORK, August 13.—Improve- ment of Fall prospects, rather than acceleration, dominated the week's trade, Dun & Bradstreet said today. “Oppressive heat and intermittent showers interfered with shopping plans in so many districts that some of the leading” centers of distribution failed to equal their sales of the week preceding; the general average, however, was higher by 1 to 3 per cent,” the survey said. “Response to August promotions, some of which featured merchandise under replacement values, provided the major contribution to the mod- ‘erabe increase in retail distribution this wdek. “Apparel with which to cambat the heat was in demand, while knit goods, sportswear and vacation accessories continued to sell well. “Radios, pianos, curtains and kitch- enware joined in the faster movement of furniture, oriental rugs, broadloom | yearly clearance events. “Aftermath of the buying surge during market week events of | fortnight preceding resulted in a re- cession in orders to many wholesale branches. “Most of the principal centers, how- ever, were well occupied with replace- ment requests for current promotions and belated orders for merchandise | for early September selling, Washington Produce BUTTER— 9" score, 4-pound prints I-pound prints tub. 4: market str MEATS—Choice be 5 veal, 16 xows DorK. y 5. pork loin fresh hams. fresn skinned ham smoked hams liced bacon. fin: Compound. 4. lara i 5 STOCK —Pigs. 11all J;pound prints. 36 5. 40 score. Jipound. printe3u; calyes. 17 15 16 i 15 slab | al 5 inrN Dd Shippers met 16 6 Washing- By the United States By ural Economics | EGGS—Market _about changed pr r hennery steac 3 Govern- ' Graded aid dated whiie exrs b B large. 30 cents: U S exires. me- 241, cents; U. S. standards, large, 5 cel LIVE POULTRY - Market barely steady Fowl miums on fancy Iois fancy Leghorns 24-76 cents. Southern mixed Fruits and Vegetables. n large lots by original receivers am. today rlot arrivals: no cars on eceipts moderate. Bushel demand glow Virginia. West U. 5 o minimum 0 Duchess, = Maryland i 5 . 100 -mm-p Blnm «-inch ‘minimum inch minimum. minimum. 1.00-1.10 CANTALOUPES—Truck receipts moder- ate. supplies ‘moderate. demand light marke! steady. Maryland, hel ham- One Michigan. one New York mnmm light. Fiv four broken and four unbroken ears track. supolies moderate: demand m erale market steady. California. Wes crates. Icebere type 5 dozen. : mOStlv 4.00° few. 4 5. New York. Easiern | eratcs. Bie Boston type. % dozen. 40-30 ONIONS —8upplies * moderate: demand liebt: market steady. Fifts-pound sacks Yellows. U. 8. "No. 1: Pennsylvania, 50a 1.00° New York. 1.10a1.15 |, PEACHES—No carlot broken cars on track. Supplies moderate flemand light: market sieady. North Caro- bushel baskets Elberiac. U 'S 3P 1 arrivals: four bushel Paskets Yz-inch minimum. 1 2 ordinary fo fair condition. 1.0 s inches. " fair “condition. 30al 00: bushel baskets Belles. U. 8. No. 1. 1%-inch mini- mum. 1.00a1.25:" bushel baskets Carmans. 1%-inch minimum. mostly around A0 Delaware. ‘bushel baskets Hales. I 5a-inch minimum. 50a60 EAS—One Colorado arrived: three Broken g one unbroken cars on track Bupplies moderate; demand lieht: market | weak Colorado. ' bushel hampers Tele- phones, 1.75a1.00, 38 Virginia, No 1 Potate Market Steady. POTATOES—Supplies moderate mand light" market <teads. | sacks Pennsylvania Cobblers, U. | #0100 New Jersev.” 1.05a1.10 | , WATERMELONS ipplies demand moderate: market =inia. boat, bulk ‘per 100 melons. Tom Watsons, _selects. 00, primes. 15.00a 20.00: culls, K.00a]0.00 CABBAGE—Supplies moderate: demand slow. ‘market weak. Pennsylvania. 1'z- hampers Domestic flat type, fair moderate: d steady. _ Pennsy 1082 fe: | | “'SNAP BEANS_Supplies moderate: de- s | mand light: market weak Pennsylvania, | bushel baskets green flat type. s0at0 INACH—One New York arrived: one hroken and_one uRBIOkER. Sane on Cirar | Bupplies light: demand light: market about gleadr. lPennsvivania, - bushel baskets avoy type. SWEET POTATOES—Supplies lighi mand ~slow: market wea Maryl bushel baskets, Goldens, U. § No. 1.1 100 North - Carolina. bushel ' backeix. Puerto Ricans, 1.50.1 Jersey type. 150, Louisia Puerto Ricans U EERN Siivpites light. market steady. Marvland. sacks, 5 dozen. 75 bushel baskets, very_few sales. ORANGES—Three California five unbroken cars on track boxes. 4.50-6.00, de- 100-pound 8. No. 1. moderate steady. Vir- y | condition. 50 LIMA 'BEANS —Supplies mand ~ light: market bushel hampers, | de. few 2.2 moderate: "~ demand arrived: Californis as to grade and size, LEMONS—One California_arrived: one unbroken car on track. California. boxes. No 1. 7.00-7.50: No.'2. 5.00-6.50, as.to siz HUCKLEBERRIES —Quarts, Lo Virginia, 14-15, UEBERR msfic-m:on Maryland 20. "ADO—Florid; PINEAPFLEB——Cum 50, s to size. CARROTS—One California srrived: one unbroken car on_track. Ohio. six_bunches. Pennsylvania dozen ° bunches: bushel baskets. topped. Ll GCCOLI—Pennsylvania, bushel crates, quarts, 1.00, cra BEETS8—Pennsylvania, 30 per dozen bunches, bushel baskets, toppe GRAPES—No_carlot ' arrivals: ken car on track. California. Thompson Beedless. 1.40-2.00; Red 1.75-2.00. East Shore.’' Md.. t stock, _2-quart ' climax baskets. Moores, early. 1212: 12.quart baskets. 50-60. AERS — Pennsylvani shel T CU baskets. MIXED MELONS—No garlot one broken car on track Persian _melons, jumbo :rllu 5- standard crates, 5-6s . 1054 1 B 2 Calfornia. shmbe crates, s, uus—c-uloml rieties. size. Pn?!u—mormn. Boshel Hampers, fair auality, 35-80, BANANAS—One car arrived; hmken Car o TERCE NEY BALLS—No carlot arrivals; one brokon et on track, FEDERAL LAND BANKS NEW YORK. August 13 (#).—Pederal Land Bank bonds: "Bie br (Joxes, various va- one un- O0DD-LOT DEALINGS. By the Associated Press. ‘The 8ecurities Commission reported to- dl! these transactions b; emwnen with e deal Tists "on” che New %x'\m R FRIDAY, AUGUST 13 carpets, lamps and china in the half- | the | .| Canadian Bridge 1937 EXCESS RESERVES UP-40 MILLIONS Increase Laid to Decline in Treasury Deposits During Week. By the Associated Press. Excess reserves of Federal Reserv System member banks increased $40,- 000,000 during the week ended August 11 after declining $260,000,000 in the three previous weeks. The Federal Reserve Board reported | the upturn during the week ended August 11 brought the total of idle bank funds to $740,000,000. The ex- cess reserves from the basis for pos- sible credit expansion and the total of such funds thus exerts an import- ant influence on credit coaditins. The $40,000,000 increase was trace- able to a $56,000,000 drop in Treasury deposits with Federal Reserve banks Treasury witdrawals from the reserve | institutions customarily are spent, | sending the money into hands of pri- | | vate individuals and thence in com-' mercial banks. The banks' store of | lendable money thus is increased. The board's report showed money in* circulation increased $14,000.000 during the week to $6,482,000,000. This was $312,000,000 over the same week | & vear ago. The board reported no change in the reserve banks’ $2,526,000,000 hold- ings of Government securities. Gold stocks, increasing $35,000,000 for the week, reached a new $12,497,- 000,000 high. Changes in member bank reserve| balances and related items during the week and the year ended August 11, 1937, were reported as follows: (In millions of dollars.) Aug, 11 AGE Bills discounted £ | Biil bought | €7 8" Eovernment securities Indusirial advances ‘not including 15.000.000 com- mitments. August | Other ruur\ebmk Tmn auene bank Gold stock Treasury currency Member bank Re- serve balances Mones in circula- tion A48 Treasury cash Treasury deposits 6881 DOMINION STEEL VOTES FOR INCREASE IN STOCK By the £sociated Press | MONTREAL, August 13.—Share- holders of Dominion Steel & Cnal‘ Corp., Ltd. voted to increase capital stock of the company m 80.000 shares of Class B common stock to complete financing the pur- | chase of four Ontario subsidiaries of | the United States Steei Corp. Dominion has not disclosed com- | ‘pmp details of the purchase of the | | subsidiaries, Canadian Steel Corp Co, Ltd. Essex Terminal Railway Co. and the Ca- | nadian Steel Lands. Ltd It was | made known, however, that around | $2,000,000 in bonds have been trans- | ferred to United States Steel as par- tial payment. The 80,000 shares were required to meet conversion rights granted United | | States Steel, which gives the Ameri- can company the option of exchang- ing bonds during the next four years for common shares. INSURANCE STOCKS NEW YORK. August 13 # —New York Security Dealers Association Bid. Asked. Aetna Ins (1 % 101 Aetna Life ( S Am Equit (] G0a) Am Ins (Nwk) ¢ Am Reins « ®og) | Am Reserve (la) | Am Surety (21;) | Automobile (1a) Balt Amer (20a) | Carolina City of N Y 2 | Conn Gen Life (.x0)" Contin” Cas (1.2 Pid & Dep (4a) Firemen s (ivwk) | Prank_Fi ‘ia) Gen Reinsur () _ | Glen Falls (1.60) Globe & Rep (.R0a) Globe & Rut 5 Great Amer (ia) Hanover (1.60) | Hartford Fire (2 | Home Fire Sec Home Ins (la) Homestead (1) Knickerbocker Lincoln Fire | Maryland Cas ____ | Mass Bond B . Natl Fire (2 Natl Liberty (.20a | N Hampshire “(1.60 |N Y Fire ((R0a) _ \hor River (1) Phoenix (2a) 4! ilz | Broe Wash (1) 3635 | Revere (P) In (1 2 i | Rossia Ins 'fifll! Y St Paul Fire « ] B ] Springfield g 5 2 | Also extra or extras Declared or paid so far this vear, U. s TBEASURY NOTES NEW YORK. August 13 (®.—Prices | quoted in dollars and thirty-seconds Approx Month. Pct. Year. Bid. Asked. vield Sept. 37 10 100.19 Feb. | March 3 494 June . B 102 31 | | Sept 38 103 | Marcn | June | Sevl Mareh June Dec March June De. LT a9 Q 1007 100 NEW YORK SUGAR. NEW YORK. August 13 (P).—After early irregularity the No. 3 Sugar futures con- - jThe No.'4 contract however, liquidation c. March sier under re- newed Beptemper and hedge sellin. Sevtember No. 3 advanced from 2,50 to | 2.54 and May from 2.43 to 244 or 2 to 4 points net higher Bentember Ko off to 1.17 July keld around un(h sed 10 1 point net lower. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED % o Ny sunome & U.S. TREASURY 949 NINTH STREET, N'W. | on August 1. then | hight | still 17 per cent below the 1929 level. | | Tdaho Bliss Triumphs ANCIAL, 0,000,000 Issue Of Consolidated Edison Planned NEW YORK, August 13.—The New York Herald-Tribune said last night Consolidated Edison Co. of New York officials had started the wheels mov- ing for flotation of what is expected to be one of the largest corporate bond issues of the Autumn. Application was made with the State Public Service Commission for per- mission to issue $80,000,000 deben- dures Financing, the newspaper said, will be mainly for refunding, and will represent a further step in the plan under which $210,000.000 bonds of the company and its affiliates were re- funded last year. Funds to be realized from the sale of debentures are intended to be ap- plied to retirement of $60,000.000 of 4!, per cent debentures due June 1, 1951, and to partial reimbursement of the company's treasury for plant expansion and similar expenditures not heretofore capitalized. FREIGHT LOADINGS AT 763,106 MARK Small Week’s Drop Leaves Volume 5.7 Per Cent Above Year Ago. **¥% A—135 BUILDING LAGS BELOW YEAR AGO Permits Fail to Equal 1926 Levels for Second Con- secutive Month. Special Dispatch to The Star NEW YORK. August 13.—Building | permit values for the second consect= [tive month failed to equal the correa sponding total of 1936. Since the ree covery peak of $121.069,160 was re. corded in April last, successive month- ly declines have brought the July ag- | gregate for 215 cities of the United States down to $91.282 414, according to Dun & Bradstreet, Inc. This represented a decrease of 85 per cent from the June figure of $94.- 616,271, as against a usual seasonal de- cline of about 105 per cent for this period. The July total compared with $95.281.845 for July, 1936, a loss of 4.2 per cent. Estimated building expenditures for New York rose 376 per cent to $16.- 426,736 for July from the 16-month low of $11,941.054 recorded in June Last month's total, however, still was 20.8 per cent under the 1936 compara- tive of $20,745393. With New York excluded. the esti- mated cost of permits issued for 214 outside cities amounted to $74.855,672 a decline of 9.5 per cent from the June volume of $82.675217. but a gain of 0.4 per cent over the July, 1936, figure of $74,536,452. The group totals of building permit NEW YORK. August 13 —The Asso- cisted Press seasonally adjusted week: iy carioadings. based declined todav 1o 795 the previous as ,W | By the Associated Press The Association of American Rail- roads reported today 769.706 cars of revenue freight were loaded during the week ending last Saturday. This was a decrease of 12.954 cars. | or 1.7 per cent. compared with the | preceding week: an increase of 41.335. | or 5.7 per cent. compared with a year | ago. and an increase of 187.629. or 32.2 per cent, compared with two years ago. | ) port classified the loadings as | follows | his wk. Lagt wk i Yr ago 303.594. —4.039 —14.47 Miscellaneons Ly 2,647 — G020 198 430 5 GENERAL MOTORS SALES SET RECORD ABROAD By the Associated Press ‘ NEW YORK. August 13 —General Motors Corp. reported overseas car and truck sales for the first seven months f{ 219.162 units. a record high and | n increase of 10.2 per cent over the | | like 1936 period | Overseas sales in July were 31.341 units. up 23 per cent over that month last year. Figures include products of the cor- | poration’s American, Canadian | ish and German fuglorle< sold outside | the United States and Canada. PRICE RISE CONTINUES. NEW YORK. August 13 (#) —The advance in retail prices which began 1936. has continued since uninterrupted, according to the retail price index of the Fairchild Publications. Prices on August 1 | Rained .3 of 1 per cent as compared with July 1. The point since March 1. index was at the 1931, but i CHICAGO PRODUCE. Plvmouth | 12 harebacks mouth and PR | values for 215 cities for July, | Same period last year. this year and last, are shown in the following table New England Mountain Pacific %05 081”45 20745307 i 7453645 The following table shows the per- mit value totals at 20 leading cities for the first seven months of 1937 and 1936: 282414 Seven months naa a0l MONEY IN CIRCULATION CONTINUES TO CLIMB By the Acsociated Press NEW YORK, August circulation throughout the country creased for the second consecutive period in the week ended August 11 Banking quarters said the upturn was the first indication of a Fall rise in 13 —Money | the business volume this Fall, a normal ! phenomenon Eng- | Money in use. reported by the Ped- eral Reserve Board credit statement, compared as follows Week ended August 11 Previous week __ $6.432.000.000 6.468.000.000 -~ 6.156,000,000 25-CENT AVERAGE PAID FOR CAROLINA TOBACCO By the Associated Press RALEIGH, N. C. August 13 —The first week's sales ended today on the 16 border belt tobacco markets of the Carolinas and. although complete of- ficial figures were lacking. reports from the auction centers said growers were apparently well pleased with the early prices Reports from most of the markets | indicated a price average of around 25 cents a pound, with prospects of a higher level when the better leaves of | the tobacco weed are brought to mar- ‘centralized easy. extra firsts fresh eraded firsts Teceipts. 174: total U 8 moderate. Blise qualitr. demand slightly weaker sacked, per cwt S. No few | U local iy iocal re 1A%, T 18 storage packed firsts 2073 Potatoes. 61: on track ments. 311: supplies Triumphs, firm’ on best moderate: other stock undertone. demand slow sales. 145 Russetl 1.1.65-80: U. 8. No.2. Bliss Triumphs. U. 8. No r | Oregon White Rose. U. S 'No Washington White Rose, combination grade car. 1.45; U 1 5. Russet Burbanks v Jersey. Burba L. 8. s. | r Bliss Triumphs. partly graded fnr ), Colorado Bliss Triumphs U. 8. MON EY MARKET NEW YORK. August 13 (.—Call money steaav: 1 per cent day.” Prime com- mercial paper. cent. Time loans steady: 60-90 davs. 1la: 4-6 months 12 er cent. Bankers' acceptances unchanged. ediscount rate. New York Reserve Bank. L1z per cent. L YIELD | MORTGAGE LOANS 52 SECURED ON IMPROVED WASHINGTON PROPERTY lOlERT W. SAVAGE ON TRUST BLDG. NAT. 3630 CONSTRUCTION LOANS and LOANS O IMPROVED PROPERTY in th District of Colambia Nearby Maryland and Virginia Prompt Action B. F. SAUL CO. 925 15th Street Natl 2100 ket. There were few rejections of bids. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets ‘Tables Safes BAUM’S FURNITURE HOUSE 1416 Ese 8t. N.W. Phene NA. 2184 1% and Safety FIRST MORTGAGE NOTES Your principal is protected by new homes where values are rising and the future will bring invest- ment growth. SHANNON & LUCHS Members of the Washington Real Estate Board 2345 1505 H St. NNW. Natl. 7/014 Tt édl’zn?i 0 EARN MORE WITH cj»‘uu ced Sa ei7 AT INTERSTATE Every account up to $5,000 fully protected byinsurance. Liberal dividends credited semi-annually. Inquiries invited. Under Supervision of the United States Treasury Jnieulait BUILDING ASSOCIATION Washington Building 15th St. & New York Ave. District 9486