Evening Star Newspaper, August 13, 1937, Page 15

FINANCIAL. INDUSTRIALS UP ON CURB MARKET Many Issues Score Gains ! of Fractions to More Than a Point. By the Associated Press NEW YORK, August 13.—Demand for industrial shares picked up on the Curb Exchange today, issues fractions to more than a point. Apparently moved to buy cautiously in anticipation of Autumn business | improvement, traders picked issues fa- vored by recent earnings trends. utilities lagged in quiet dealings. Showing gains ranging to more than & point were Carrier, and Pan-American Airways. A drop the last two days in the price of export copper seemed to have made traders wary However, small gains in Hecla, New Jersev Zinc and Consolidated Copper offset a small drop in Hudson Bay. Whoiesalé Index Shows Moderate Decline in Week BY the Associated Press. The Labor Department reported today that wholesale commodity prices last week dropped 0.1 per cent. The price level at the end of the 'week, the department said, was 87.4 per cent of 1926 ayerage, pared with 87.5 pes week and 811 sponding week last year Farm products dropped to 86.9, while foods fell 86.3. cent the from 877 rom 86.5 to NEWSPRINT OUTPUT SOARS. NEW YORK, A 13 «P).—For the third consecutive month, newsprint output in the United States and Canada in a new peak, he Newsprint ice Bureat reported anadian prod rose to 314,529 ons from 274.6. he same month ast vear, & gain 141, per Domestic mills turned out 78.205 tons gainst 73,361 in the .“"fi month Eiddgiddddd 33585500 e » | Cons Royalty on GELAP 3'4s ont G & E 55 ndiana Ser 3s ndianap Gas 5 ndnap P&L_5s nterst Pw 3s nterst Pw Bs y Util s 'Rl entucky U ken U 5 at P eicner fevad cal Bros El 210478 aga 10813 1033 S8 tand Pw&Lt 65 tartet Corp 3 ex Px & L RT A28 len & Co_fs i 1081 100 41 u.‘ 1057, ork Rwy Co 55 '37 &6 86 _FOREIGN. aa1y L1 203, anty 10014 202, 3030 210 8415 £ 2813 unte A 4 TR 7R° % uda F Ltd 88 110 110 110 T¥—With warrants xw_ ithout war- n—New. st (stp)—Stampe !Nunn.mmv impaired by mnurlvv tCompanies reported in receivership, - CHICAGO LIVE STOCK. ' GHICAGO, August 13 (# (United States epartment ‘of Asriculture).—Hogs, 5.000, fcluding 2.000 direct. Best light hogs rang to 10 higher than Thursday's “gthers 10-15 lower: spots 60 b 0od and’ choice, .40; butchers, und: a14.10: demand for weights fort 160 pounds down. very limited: most pnd’ packing sows. 11.00a11.75 upward to .00 or better paid for best lightweights the butcher order Cattle, 2.000: caives, 500, Strictly bod. choice and prime beef stecrs and riings absent. but quotably steady: mon and medium lightweights mostly Pasecrs without reliable outlet: little here 1l above 10.00: grass-fat’ cows very il unless weighty' and of value to seil 8.50: low cutters and cutE bee wrassy very piain light heifers, 3.40a 50AT.00." strong- vealers steady: los ent and handy weights, {6,000, tneluaing 4300 airect, ine' trade low. most Sales nauve pringers about steady at 11.00al1.25, pme bids lower: shee mtle changed: e rguu?mve ewes, 4.00a3.25; best held 240-; s on peddling basis: puthwestern steers and bulls weak: bulk, 8.5 ights quotable’ to o and ci NEW YORK BAR SILVER. EW YORK, August 13 (#) —Bar iver steady and unchanged at 44%. lifting many | Most | Tec !ml(‘olm'_; American Cyanamid “B,” Creole, Cord | of metal shares. | com- | cent’ the previous | corre- | total | cent. | | 151 BA&Sh pf(6) - 21 Gen W Stock and Sales— Aero Sup M{g B.. Ainsworth (12g). Air Devices.____, AfrInvwar.____ Allied Products Alum Co Am._ Alum Ltd Am Airlines Am Beverage _ Am Box Bd(.058) Am Centrifugal . A CP&L B(.30g). Am Cyan B (.60)_ Am & Fgn P war. Am G & E1(1.40)_ Am G & Epf (6)_ Am Gen e Am Maracaibo Am Seal Kap Sup Power _ A Rad Tube Ark an(:ai 50¢ a z Ashld O& n( m)_ ASG & ASG& AsG & Elp At Cst Fish(.35g) Atlas Corp war_. Austin Silver M_. Automat Prod Auto V Ma(lza)_ | Avery & Sons Axton Fis A___ Bahcock& W (3g) Bald Bond rt (r)- Raldwin Rub .50 Bardstown Dis _. Barium Sta Stl__. Bath1 W(6%¢) Bellanca Alre Bell Airc Berk&Gay Furn_. Berk&G F war __ Rnd«b&\fl‘.g) BlissE W Bliss& Lanugh(2)_ lm»« Bohack (H C) Bourjois Bower R B ( Braz T&L (.90g) - Brecze Corp Brewster Aero Bridgpt \IaL‘»s;) Br R Rrillo Mfg (.80)_. | Brit Celan Brown Copf _ _ 200s Bron F&W 1.05g 2 Krown F Dist 1 keve P'L(3g) BX&EDpC1.60 BN&EP 1 pf(3 Rnk Hl & S(1%) Rurry Bise (3g). Cab & Wire B__ Can Ind Ale A | Can Marc Wire Cap City Pr(.45 50s 12 1 2 2 0= 1 508 | Carnegie Met Carrier Corp_ Catalin Am 'ent Oh St (Rig) CP&Lpf (481K Cen U { Cen Cen St 258 Cen Sta K17 % pf 150s Centrif Pi (.40) 10 Chi Flex Sh7t (4) 1008 Chi Riv & M.7ig Chief ¢ S Cities Service.__. Cit Serv pf Claude Neon Lt Cleve Tract Cohn & Rosen Colon Develop Colon Devlev pf . ColtsPatF(115g). ns Comwlth Ed () Comlth & So war. Cons Rise (.60) Cons Cop Min Cons M&S 1.50g Cons Ret Sirs Cons Steel Corp . Cont Roll & Stl _ Conk P&\ (.60a) _ Cooper-Ress Copper Range Copperwdstl(2)_. Cord Corp Cosden Petro Creole Pet (128)_ Crocker Wh Croft Brewing_ Crown C Pet_ Crystal Oil pf Cuneo Press (2 Cusi Mex Darby Pat (1) _ Dayton Rub 3 Dayton Rub A 4K 2008 Dejay Strs (.80) 3 Dennison Mf1pf 10 Derby Oil g Det Gray It (.04). Dat St1 Pr (%g)- Diveo Tw C(.40)_ Dobeckmun .70g Dom St & Coal Dubilier Con Duro Test ( sxg) Kagle P Ld .30g . st Gas & F I&F 6% pf(3). K0s G&Fpr pf(43) lflflx | East Sta Corp El Bond & Sh nl 2 Kl Pow As (.15g) ElP &L war __ 1 | P&L2d pf A _ 3608 Klectrol vte Emp G&F 7% Equity Corp_ . Evans Wallo Evans Wallow pf 50s Ex-Cell-O C(.40g} 3 Fairchild Av 9 Ferro Enam(%g) Fidelio Brew. Fisk Rub Ford M Can A (1) Fd M Ltd (.213g) . Frankin Ray .508 FroedtGevpf1.20 Gen Firepfg .558. Gen Invest —t Gen Invest war _ Gen Rayon (A)_ Gen Tel (14g) Gen T & Rub Gen T&R Apf(6). &F war Gilbert (AC) _ Glen Alden (#g) GodchauxSA (38) Goldfield Con Gorham Inc (A)_ Gorham vte 2.25g Grand Nat Films. GrRapV (1) ____ Gray TelP S (1). Gt A&P nv (6a) GreenT&D _ Gulf Ol (14g)__ Gulf St Ut 6% pf. Hazeltine (3) Hn D Strs(1.65g) Hearn DS pf(3) Hecla Min (.708). Hewitt Rub(1g) Hoe(R)&Co A __ Hud BM&S(%x). Humble Oil (1%) Hummel RF .40g. 111 Iowa Pow _. 111 1a P div ct._ Il lowa Pow pf. 111 Zine (.75g) ... Imp Oil Can(2a) Ind Ter 11l B Ind Serv 7% pf. Indus Finan pf IntCig Ma 1%k Int Hyd-Elec pt Inter Pet(1%3a) .. Inter Rad (.85g)_ Inter Util B Ir Fire vte (1.20) IrvAirCh (1) .. Jacobs Co (%g). Jeannette Gla _ Jonas & N (.15g) Kan G&E pf(7) _ KgsCLtd pfD(5). Kingston Pr(.40) Kirby Pet Knott Corp(.208) Lake Sh M (4a) .. Lakey Fdy & M. Le Toureau (1) .. Lehigh C&N(.30) Leonard Ofl _ Lion Oil (1a) Locke S Ch(.80a) Lockheed Aire Lone St G(.40g) Long IsLt._____ " 3 A0 8 1 2 1 300s Dividend Rate Add 00. Zl' 81y 24 11y 5in 11Y 15 24 125 1% 11 12 24 123 IS 24 123 14y 8l 231 100y 301 4n % 6% 21, 110 110 110 6 12% 41 41 6’/0 12% 51% 5 85 ERY 1% 285% 1513 134 105 “" 141 ly ' 1% | Nor Tex El pf (r) |ScEac | StOil Ky (1a) | Stutz Mo Am (r)_ | Tech-H G (.40a) _ | Tubize Chat | Unit Spec (1.40) _ | U S Radiator | Unit Ver Ext 1g_. | Unit Wall P.15g. THE E\'E\'I NG NEW YORK CURB MARKET By private wire direct to the Star. 2:30 Stock and Bales— Dividend Rate. Add 00. Loudon Pack __. Louis L&E(.40) _. Lynch Corp(3g).. MeWill's D 1.258. MajRad&T - Massey Harris _, Master Elec (1)_. Mead Johr (3a) MemphNG (.10g). Merritt-C& S Mesabi Iron Mich Bumper. MichG & O Mich St Tu (14g) Michigan Sug Mich Sug pf .30k Mid St Pet A vte_ Mid St Pet B vtc. Midvale (2g) Mining Corp Can Mock J Vo(.30g). Molybdenum_ __ Mont Ward A(7). 10s Mount City Cop_. 13 Mount Prod (.60) 4 Nat AuFvte 114g. at Bak (l2a) at Bellas Hess _ Nat City Li(4g). Nat Contain T5g. at Mfg & Strs _ at Oil Prd(.80g) Nat P & Lt pf (6) Nat Rub Mch ___ Nat Sug Ref (2) _ Nat Trans (.45g). High. Low. Close. 3% 3% 3% 138 138% 13% 51% 51 b1 2214 20% 3% 3 10 98 25% 253, T5s 121% 120% 10 5% B% 1 6% 6% 30 % 284 R 16 1 61y 11% 114 6 6% 30 30 M 9% 2 2% 1% 17% 12% T 41 Ty 141 23 41'y T2 1415 23 101 1% 1% 106 105 253 25'% Rily B3y 110 110 14 14 13% 131y 13 124y 557 b5l 2% 2% % % 8ly 8% 24% 24 1% 1% B 3% 10 101 H Clock (1%5) J Zine (2 ewmMin(1%g) Y Mer (80a) __ Niag Hud Pow___ gShMdB(.158) - {les-Bem-P (1g) ipi'g Mns(%g)_ oma El (.40g) _ Nor Pipe L(%g)_ Nor StP A Oldetyme Dist___ Pacific Can (.50g) Pac G&E1pf11; | Pac Tin spl (2a)_ Pan-Am Air(1)__ Tantepec OIl . ParkbgR&R 80g. Pennroad (1je) __ Pa Salt (%) _. Tender Gro (R)__ Pepperell (6a) PhoenixSec(1ia). Tioneer Gld(.40)_ Titney-Row (.40). Pitts Forg [CEArS (412R) Potrero Sugar Powdrell&A . Prod Corp Prosperity B P S Ind $6 pf SInd $7prpt . Pug Sd P $6 pf _. 13 | Rainhow Tum A Raytheon Mfg Reiter-Fost 5 Reli'ce R&F 137 Rio Gr VG vte __ Romea Cahle Root Pet (1) _ Royal Type (4g) | Rustless1&S___ Ryan Cons | Ryerson & H | St Regis Pap ___, Sampson Unit_ Schiff Co (2) Scran Lace 1.20g. Segal Lock Selected Indus _. Sherwin-Wms 4a | Sherw-Wms pt 5 Singer Mfg (6a)_ Sonotone | Soss Mfg (13) s So Penn Oil 113 0 Col Pw A I'fl’\-A. Sou Un Gas Southld Roy Spencer S 1.05g | Std Cap & S 1.60a | Stand Dredg Stan Dredg cv pf. St 0il Ohio (1) £t 0il Ohio pf 5__ StPow & Lt StPow &L B St Sil-L (.02g) __. Std Steel Sp(1g) . Stand Tube B Starrett Cor vte Sterchi Br 1st(3) Sterl AlumP .50% Sterling Br.10g_. Sterl Inc (.20a) Stetson (JR) .50g. - o WO W AR =290 m 0B & 0y B & Sunray Ol .15g Taylor K Dist .30 Technicolor .50g . Thew Shovel 2g Tilo Roof (1) Tob Pr Fxp .15e.. Tonopah Balm't . Trans-Lux (.20)_ Transwest Oil___ 131 35w W ERY 1015 1815 65 214 14 O 21 4 115% 6 4R7g 871 148 1315 1% 9 6 3% 3% 4 Tubize Ch A 2128 Unexcelled Mfg_. Unit Corp war_.. Unit Gas Unit Gas war ___ Unit Gas pf (7) .. Unit Lt & Pow A _ Unit Lt & P cv pt Unit Shoe M 213a v U S Foil B (%g)- US & Int Sec.. U S Rub Recl .. - BN SN —a A DN Univ C'p vie .25g. Util Pw & Lt (r)_ Util P & L pf (r). 200, Utility Equit____ Valspar Gorp vte. Venez Mex Ol Venezuela Petrol Wagner Bak .80g Walker Min_ _ Wayne Knit M_. Wellington Oil__. Wentw'th M .15g Weyenb'g Sh .20g Willson Prod (1) WP&Lpf 1.31%k. Woodley Pet .40 Wolverine T .40g. Woolw Ltd .539g. Wright Har .40a_ 6y Yestn Stl D 2.50g 5 3'a rIn bankruptey [ receivnsnln or being reorganized under the Bankruptcy Aet. er securities assumed by such comnlnie Rates of dividends in the f; annual disbursements bai QUArLENy or semi-annan) dec less otherwise noted, special o: dends are not included 80 exf > NN E TN NN N e Paid last year & Declared or oaid year. no regular rate. h Ci k Accumulated | Jividend or decllred (nl! !nr ran %: W Wit] wi RAILROADS MERGED. NEW YORK, 'August 13 (#).—Du- luth, Missabe & Northern Railway Co. and the Spirit Lake Transfer Railway Co., wholly-owned subsidiaries of United States Steel Corp., have been consolidated into the Duluth, Mis- sabe & Iron Range Railway Co., it was disclosed today. BOSTON WOOL MARKET. ‘August 18 (. (United State P umuuum “Trading in " wool ay. but arge sales rted a7 A pricas ench combing lengthl fine ter- Jools in original brousht . seou Some' METAL MARKET. NEW YORK. August 13 (P.—Coppe: sieadr: | electrolytic, “spor and future. T Tin steady; oot 60.00a {uhln Bflflfllbfifi2 Lead . New York, 5: Eas 3 teads: (et 8L Iro uluml- eklllv". )l“lnllll tH T | quarterly | common stock, and the regular quar- | company September 1 ta stock of record August | | crop report STAR, WASHINGTON, SPEGIAL ORDERED BY PEOPLES DRUG 50-Cent Dividend Is Voted in Addition to Usual 25- Cent Payment. By the Associated Press. + NEW YORK, August 13.—Peoples Drug Stores, Inc., declared a special dividend of 50 cents and regular | quarterly dividend of 26 cents on com- mon stock, both payable October 1 to holders of record September 8, Underwood Elliott. Underwood Elliott Fisher Co., mak- ers of business machines, has declared a special dividend of 50 cents and a quarterly dividend of $1 on the com- mon stock, both payable September 30 to holders of record September 11. Crown Zellerbach. Crown Zellerbach Corp., paper man- ufacturer, has resumed dividends on common stock with a disbursement of 25 cents, payable October 1 to stock of record September 13. The previous payment was made in 1930, A. & P. Tea Co. Great Atlantic & Pacific Tea Co. directors declared the usual extra dividend of 25 cents on common stock, in addition to the regular quarterly dividends of $1.50 on common and $1.75 on preferred, all payable Sep- tember 1 to stock of record August 16. Globe-Wernicke Co. Globe-Wernicke Co. declared a divi- dend of 30 cents on common stock, payable September 15 to holders of record August 31. The previous pay- ment was $1 last December. The company, with main office at Cincin- nati, Ohio, makes office equipment. May Hosiery Mills. May Hosiery Mills declared an extra dividend of 50 cchts and the regular | of 50 cents on class “A” terly of $1 on the preference stock, all payable August 30 to stock of record August 20 The company paid an extra-dividend of 25 cents on class "A" common June 1 last. B. F. Avi & Sons. Directors of B. F. Avery & Sons Co., successor to B. F. Avery & Sons, Inc., Louisville, Ky., declared a dividend of 60 cents on common stock, the first paid on the common of the present | The dividend is payable $4 cumulative 25. C.T. Ray. president. said the pay- ment is an nterim dividend and does not establish a regular policy. company makes farm equipment. Standard Oil of Ohio. The Standard Oil Co. of Ohio de- clared quarterly dividend of 25 cents per share on its common stock, pa able September 15 to stockholders of record at the close of business August 31. The company also declared the regular quarterly dividend of $1.25 per share on its 5 per cent cumulative pre- ferred stock, pavable October 15 to | stockholders of record at the close of business September 30. ‘CANADIAN WHEAT TOTAL IS LOWEST SINCE 1925 | By the Associated Press OTTAWA, Ontario, August 13.—A issued by the Dominion bureau of statistics placed total stocks * | figure | | | | | Potomac Electric Power 515 of wheat in Canada on July 31 at 32,739,852 bushels, the lowest since 1925 In the latt represented the total stocks. Compared with last vear's revised of 108.094.277 bushels, this year's carry-over shows a reduction of 75,354,425 bushels. The largest carry- over of wheat in Canada was 211.- 740.188 bushels on July 31, 1933, the report said. o FOUNDRY SALES JUMP. NEW YORK, August 13 (4).—Sales ,;n! Lakey Foundry & Machinery Co., | Muskegon, Mich., for the nine months ended July 31 were 73 per cent above the like period last vear, the company reported, stating that the earnings statement for the period. to be issued shortly, will show substantial im- provement over last year. | Washington ExThange SALES. Capital Traction 55—$1,000 at 86, $500 | at 86, $500 at 86. Washington Gas 5s 1958—$1,000 at 106. Capital Transit Co.—6 at 10‘ fd.—5 at 1103, D WEshmgwn Gas Light new—10 at 27. AFTER CALL. Potomac Electric Power 5% % pfd.—1 at 110. . Bid and Asked Prices. BONDS. PUBLIC UTILITY. ia Amer. Tel. & el An, 4las acostia & Pot. 5 & R. ity & Suburban 5s Geargeewn SoSnaEsagty Bs 1060 Wash. Rwy. & Elec. 45 MISCELLANEOUS, re Eli W s tarhye e 41 STOCKS. 525520058 3 1 1 1 S 33% Amer. Tel. & Tel. (8)____ Gapital Transit ceg) Fsooe 235353 > i3 IANK AND TRUST Amer. Sec. & Tr. Co. (e8) Bank of Bethesda (h75)._ Sapital @) iazion 2 e r e ECREER ] 1 b FIRE INSURANCE. American (8) - 108 1 remnn (1.20) National Union (.80 fiv. TITLE m!mflfll Commbh (.90\ Real Estate (6 170 mmmvs Carpel Corp. (2.00) Lanston Monotybe (t4)° u:«c::’lg rvice pf¢ ('45 Inrrennuler ik s Peoples t. com. i Peenlu L pf Real Est. M.&G. 2 Bty .. 2300550525 * 3T Bind PN *Ex dividend, 1Plus exi The | D. C, FRIDAY, AUGUST 13, 1937. FINANClAL. Priee Changes of United Corp. Stock Prices Earnji Earnings Amounted to | ‘I7c per Share in 1933. Stock Sold Between 2353 and 85.29 Times Earnings arnings Amounted to 24c per Share in 1934. Stock Sold Between 8.85 and 36.98 Times | I i il il ] of United Cosporetion Stock, 1933-1937 Earnings Amounted to Ilc per Share in 1935. Stock Sold Between 13.64 and 7045 Times Earnings 19¢ per ings Ml il R T i 1933 1934 Letters Above Are Initials of Months: JEMAMJJASOND J FMAMIJ ASON DJFMAMJJASONDJFMAMJJAS 1936 Sramtons 11 e e o Sy 1935 J for Janvary. F for February, Ete. Earnings 1936. Stock Sold Between 30.26 and 48.68 Times Earnings Hllllllli ul III | Times Earmnql e T TN ‘Illllllll ON DJFMAMJJASQN B 1937 P X MAN'’S DAILY SHORT STORY HOBBY By Karl PEGGY B feet ached. “If they ache now,” she though unhappily, “how will they be after I've spent hours and hours wading a rock- strewn mountain stream?” She surveyed her reflection in the full-length mirror and her face twist- ed into a distaste- ful grimace, Over- alls and waders |and flannel shirt were never designed for womanly fig- ures. She hated the reflection. She wondered if the sacrifice were worth it. Then she thought of Mike. She smiled. Aunt Helen, middle-aged, smart and sophisticated, watching her niece from | the luxury of a crudely constructed | chaise sald: “But. darling, | how can You look posi- tively | So what? Mike won't think s0. Mike's an outdoor man. | I've got to show him that I can be i an outdoor girl, if he wants me to. | Why do vou suppose he invited us up | here if he didn't expect me to—to— adapt myself and go fishing with him?” “You asked him to Tt was your idea.” have continued, but the | Peggy's face silenced her. Mike Cannon, looking very mas line and handsome in whipcords | checked shirt and slouch hat, was walting in the living room of his fish- ing lodge when Peggy came down the stairs. “Hello, darling. We'll have to hurry. The others started 15 min- utes ago.” one thing look on Aunt Helen might | Grayson. “He doesn't love me,” she thought. “He doesn't care| about anything but his darned old fish- | ing.” Absently she let her line trail in the water. A trout leaped at it and| she jerked hard. | Under her breath she said “Damn!” when the " hook| came clear and lodged in an over- hanging branch. An hour later| Peggy came to the pool. She had no way of knowing that it was the pool where Grand- pap lived. She flipped her line into 1t and sat down on a log to meditate. | lence that she nearly lost her grip.| the line sank, fanning a spume of | water from the stream'’s surface. Then it stopped. Beneath an overhanging rock the water began to churn Peggy screamed and begam to tug { on the rod. Behind her a voice sud- | “Don’t! Don't, for God's sake, do that! You've got ‘Grandpap | It was Mike. He had come up un- observed. His face was tense, grim, excited. “Here, let me take man, what a thrili!” “No!" said Peggy. hooked him!"” * * bHF’ jerked the rod savagely i groaned. He swore, A red M | came into her cheeks. Son! Grand- | pap was more important than she, en? All right. She'd show him! | She took hold of the rod's butt | with both hands and gave a mignty | vank. It came clear of the water, it! Man, oh “He's mine, Peggy was disappointed that he attire. Men, she thought bitte: were like that. They didn't notice things when you made an effort to | please them. “We'll strike in below the falls and work south,” Mike explained, as the, \1nllnvu=d the path beneath the ever greens. “Just after noon we ought to hit the pool where grandpap lives.” “Grandpap?” | “He's a speckled beauty habits a pool some distance from here. I've been trying for years to fetch him in.” * % % % HEY came to the bank of stream. Mike assembled her rod, affixed a Roval Coachman and handed it to her. “Now watch me and follow my maneuvers as closely as you can.” Pepgy didn't want to arouse Mike's wrath by getting her line right at the start. She watched him | closely. Suddenly his line jerked. He be- came tense, handling the rod as deftly | jand delicately as a surgeon handles | his instruments. Peggy let out a little | excited cry when she saw a silver, speckled form emerge from the wa- ter, tremble violntly and fall back. “Shut up!” said Mike. Hurt, she remained silent and| | watched him land the fish. “See, it's easy, once you get the| hang.” She left Mike by the alder bushes | and followed the bank down stream. that in- didn’t compliment her on her sensible ! the | tangled | bringing Grandpap with it. But only | for an instant: Grandpap’s tail had hardly cleared the surface before he had shaken loose the hook and was frec. s ® | | It was midafternoon when Peggy | got back to the lodge. Her face was sunburned. Her feet ached. | She went in through a rear door and got up to her room, flung herself | down and cried. Toward dusk she g0t up, went to the closet and took down the most daring, the most feminine gown she had brought. “I'll show him! Tl let him know | just how I really feel!” The living room was deserted. Peggy went out a side entrance and stood on the terrace there. A white | moon built a path of silver across the | lake from the eastern hills. A soft sweet breeze stirred in the treetops. She turned at the sound of a step. “Peggy!"” | “Don’t speak to me. I hate you! I hate fishing and all the inconveniences of your old lodge. I was a fool to | | v," Mike cried delightedly. | “Do you mean that?" “I mean every word of it!" “That's marvelous! I hoped you would. A girl should never try to be a fisherman. That's a man's nobby. You Jooked ridiculous in those clothes. You Imk lovely now, lovely and fem- | inine." Peggy stared. She started to speak. | But she couldn't. Mike Cannon was employing her speaking apparatus for other purposes—and she was m favor of the idea. (Copyrignt, 1837.) ecurity Offerings For Week Show Sharp Recession By the Associated Press. NEW YORK, August 13—With the exception of a small stock issue, new financing for the week was confined to municipalities and was next to the lowest of any week in the year, it was shown today by a compilation of Poor's Publishing Co. oc] - Miscellaneous SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. oue‘; Tel Blas 43 . 1 Amer Tel & 56 43 Segs 93 - - i bt s b £ S 200! D4 225303 P EFESE . -, C0 01355920 ESR2ERINB3 & g FEEEF e S Pa 48 West Tnlon*rel® 85 '35 1 Mission Corp—Common share earnings before Federal taxes, six months ended June 30, were $1.07, against 28 cents. . E. C. ISSUES REPORT ON MEMBER DEALINGS | By the Associated Press. | The Securities Commission reported today transactions for their own ac- counts of members of the New York Stock Exchange amounted to 20.80 per cent of all transfers on the ex- change in the week ended July 17. The members’ trading included 6.93 | per cent in transactions initiated on the floor of the exchange, 4.01 per cent initiated off the floor and 9.86 per cent by specialists. On_the New York Curb Exchange member trading amounted to 19.43 per cent. BROKERS’ LOANS DROP 32 MILLIONS IN WEEK By the Associated Press. The Federal Reserve Board report- ed that last week's loans to brokers and dealers on securities held by re- porting member banks in New York City totaled $1,143,000,000. For the week ended yesterday the total represented a decrease of $32,- 000,000 compared with the previous week. Loans for the corresponding week a year ago totaled $943,000,000. |DOLLAR MOVES DOWN IN LONDON DEALINGS By the Associated Press. LONDON, August 13.—In final foreign exchange dealings today the United States dollar was quoted 4.985 to the pound, off % of a cent. In comparison, sterling was $4.98 7-16 in New York over night. French francs were unchanged at 132.84 to the pound. PARIS, August 13 (#).—Rentes, 3 per cent, 74 francs 55 centimes; 414s A, 78.20; 4125, 1937, 103.80. Exchange on London, 132.85%. The dollar was quoted 26.84%. ~ | bills The rod jerked with such a vio- | & | denly veiled |E I3 Treasury Calls For Bids on New £100,000,000 Issue | By the Associated Press. The Treasury called for bids yes- terday on $100,000,000 of discount The bids will be received Monday for $50,000,000 of 273-day bills and | $50,000,000 of 122-day bills. The 273- day series is to meet a regular weekly bill maturity and the 122-day series is to put additional cash in the Treas- ury’s working balance The $50,000,000 offering Monday | will bring to $300.000.000 the sum added to the working balance by bill | issues in recent weeks. INVESTING COMPANIES NEW YORK. August 13 @ —New York Becurity Dealers’ Association Admin Fd | Fo e Sec Chemical Sec_Food Sec Invest 8| Sec | ported net | share, compared wit | cents a share in the like 1936 quarter. | Por six mon Bank Group Insurance | like 1936 per ported net profit A—15 CENTRAL REPORTS DEFICIT IN' JUNE $1,174,307 Loss Compares With $1,045,726 Profit in 1936 Month. By the Associated Press. NEW YORK, August 13.—The New York Central Railroad Co. reported June net loss after fixed charges of $1,174,307, compared with net incoms in the same month of 1836 of §1,045 - 726, equal to 21 cents a capital share. Under operating expenses was an item of $2.473.444 on account of the carriers’ excise tax in connection with the railroad retirement act period January 1-June 30, charged against June alone For the six months ed June 30 net income after fixed charges totaled $6,495124, or $101 a share, T compared with $360.864, or 7 cents a share, in the corresponding perfod last year. for the which was International Hydro, International Hydroelectric Bys reported consolidated net profit the quarter ended June 20 of $480,117, compared with $58331 in the like period of 1936. The s 'm, a hold- ing unit of International Paper & Power Co. serves electric power, through subsidi to communities throughout M Jand, New York, Quebec, Ontario and New Brunswick. South Penn 0il Co. South Penn Oil Co., with principal operations in Pennsylvania and West Virginia, reported net income fo six months ended June 30 of 278,744, equal to $3.28 a share, against $1,489,555, $1.30 a share, in tane like 1936 period White Rock Mineral Rock Mineral Sp! Wis. reported tem or S or White Waukeshg | for the six months cnfio» . | $226.707, compa the first half of 1936, Park Utah Mines. Park Utah Consolidated Mines Co. reported net income for the six mor ended June 30 of $190.329. azai loss of § Cushman's sn"L retail bakery chain controlled by urity Bakerie Corp., reported mnet loss the 28 weeks ended Julv 17 of $134854, com- pared with net loss of $446.720 in American Safety Razor, American Safety Razor Corp., the six months 596.299, before the deral surtax, equal to $1.14 a share capital stock compared with £592.253 or $1.13 a share in the first haif of 1936. Net profit for the June quarter was $309.118, or 59 cents a share against $300.715 or 57 cents & share in the June, 6. quarter, Pfeiffer Brewing Co. Pfeiffer Bre Detroit, ree income the quarter ended June 30 of £31236 before the Federal surtax. equal to 23 cents a h $132 or 34 for 85 net profit was £113.65 or 29 cents a share, against $211,007, or 54 cents a share, in the 1936 period. North American Light. North American Light & Power Co, controlled by the North American Co., with operations principally in Middle Western States, reported net incomae | for the 12 months ended June 30 of $864.652, compared with $704,839 in | the preceding 12 months. Pittsburgh & Lake Erie. Pittsburgh & Lake Erie Railroad Co.. controlled by the York Cen- tral Railroad Co., reported net income for the six months ended June 30 of $2.200.948. equal to $2.55 a share, com- pm’@d with $1.832.052, or $2.12 a share | in the like 1936 period Money for Construction Loans Supervised 8hrs Trusiee Stand Inv C Trustee Stand Inv BoE e A 23 171 20 84 Trusteed Industry Shrs _ Wellington Pund =0 South Africa is warring on horse-‘ racing pools an Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY | GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 LOANS ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinanci Loans re ng. payable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATIV BUILDING 915 F STR Association EET N.W. Organized 1879 HOME LOAN T0 PURGHASE, _ BUILD OR REFINANGE Interest as Low as Easy Monthly Payments as low as $7.50 per $1, 000. 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