Evening Star Newspaper, August 16, 1937, Page 18

A—I8 xux FINANCIAL. POTOMAC POWER OUTPUT MOUNTS THE EVENING STAR, WASHINGTON, D. C., MONDAY, AUGUST 16, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire Direct to The Sar. Prev, 1937 Stock and Bales— Btock and Bales— High, Low. Dividend Rate. _ Add 00. High, Dividend Rate. Add 00. mm Low. 108% 941 Crown Zeller pf (5). 1 98% uu. 813, 51 Crucible Steel . __. 3 135 115 Crucible St pf 5% k. 17% 8% CubaRRpf.__ 143 7% CubanrAm Sugar. 127 1097 Cub-Am S pf (10k)_ FINANCIAL. STOCKS SELL 0 FRACTIONS T0 §1 Not | Prev. 1937 Low. Close. chge | High. Low. 98% 98% + 34| 16% 6% 6l — % | 4T% 127 127 2% 104 26% Stock and Dividend Rate. 9% Mengel 34 Mengel 5% pf(23)- 58 Mesta Mach (2%§g). 14% Miami Copper..____. :59. 26% Mid-Cont Pet (%£). Stock and a3 Dividend Rate 2215 Sou Cal Edis (1% 40% Sou Pacific 24 Southern Ry 37% Southern Ry pf_ Spang Chal pt (6 Bales— Add 00. Righ, Low. Close. 1 24% 243 24% 48% AT% 30% 304 v. 1937 Net - Close. chge. 194 + 24% — 34 + 2 Add 00. llth, Low. 11% 39 3844 61 204 324 2214 Adams-Millis (2 28 Addressog (1.40)_.. 2 Advance Rumley.__. 64% Air Reduction (1a). % 5alns Scored Every Month This Year Over Like Pe- riods in 1936. Substantial increases in kilowatt- sour sales of electricity in Washington 'y the Potomac Electric Power Co. n the first seven months of this ear as compared with 1936 are re- ealed in the company's latest reports. "he July statement, just out, adds naterially to the total. Sales of electricity in the Capital ~ored gains in every one of the seven 10onths when compared with the cor- “sponding months a year ago, study ! the figures reveals. The January nd July returns were among the best )t increased sales. The power company reported total lowatt-hour sales in July as 56.- ‘8381 as compared with 52,431,690 urly sales in July, 1936, a gain of 104,691, or 840 per cent. Com- rison of the first seven months of 37 with the like periods in 1936 llow: I" 18 nuary bruary arch i e ¥ New Ruling on Bank Loans. Banks must follow the margin re- nurements fixed by the Federal Gov- nment in making certain types of ans to investment trusts, but need it follow these requirements in pur- 'asing debentures of gnvestment ists, the Board of Governors of the | deral Reserve System has ruled. A loan made by & bank to an in- stment trust so that the latter can tire outstanding debentures must | Ifill the margin requirements fixad Regulation U or, in other words, the | nount of the loan may not exceed | v per eent of the stocks pledged as| llateral, according to the board’s 1ling. BSuch & lJoan would be for the pur- 'se of enabling the borrower to cur- il or pay off indebtedness which was iginally incurred in order to carry gistered stocks, the board decided 3 such it eomes within the scope of | 1e regulation fixing margin require- | 1ents. Deposits Up Half Billion. Total deposits of the 5299 active itional banks on June 30 aggregated 26,765.913,000, exceeding by $250.- 13,000 the amount reported by the 311 active banks on March 31, 937, the date of the previous call nd exceeding by $565,460.000 the mount reported by the 4 active anks as of June 30, 1936, the date f the eorresponding call a year ago, ‘ontroller O’'Connor reports Deposits on June 30, 1837, which | ere exceeded in amount on only one | ther call-date in the history of the ational banking system, December | 1, 1936, consisted of demand and | me deposits of individuals, partner- | hips and corporations of $12,430,183.- | 00 and $7.469.842,000, respectively: ‘nited States Government deposits of 379.381,000; State, county and mu- icipal deposits of $2.203,466,000; ostal savings of $88,542,000; deposits f other banks of $3.790,587,000; and | ertified and cashiers’ checks, cash Jet- ors of oredit and travelers' checks utstanding, etc., of $403,962,000. Fidelity Moves Watched. A Developments are expected daily in | 1e movement to reopen the Fidelity | juilding & Loan Association &s t.he’ ew First Federal Savings & Loan \ssocia tion. David SBamakow of the Washington | yranch office of the New York LlI(’i nsurance Co. ranked high among | 369 agents of the company in the nited States and Canada in volume f new paid-for business for the first ix months of 1937. According to ord received here today, Samakow tood 32 in the international list. Many Washingtonians are inter- sted in the Ninth Boston Conference n Distribution, to be held at the {otel Statler, September 20, 21. It s expected to draw more than 500 najor executives from all parts of the owntry. Holiday Notes. J. F. Hendrick, member of the firm { W. B. Hibbs & Co., is back at his lesk after a vacation at Atlantic City. Tames O. Elgin, another member of he firm, has left for a motor trip in New York State. Charles R. Fadely, assistant cashier of Riggs National Bank, has returned {rom vacation. H. T. Bisselle, assistant cashier of Riggs, has left for his vacation. Frederick P. F. Siddons, secretary of the American Security & Trust Co., is on vacation for three weeks. H. W. Ireland, assistant treasurer nf the American Security & Trust Co., has gone on vacation to St. Michaels, Md. E. E. Swan, assistant treasurer of the American Security & Trust, in charge of Central Branch, has left for a motor trip up the coast J. W. Clampitt, assistant trust offi- cer of Union Trust Co. is on vaca- tion at Ocean City, Md. W. C. Dieter, statistician of Union Trust Co., left today for vacation at Ocean City, Md. Potomac Electric Power 5'; per cent preferred sold on the Washing- ton Stock Exchange today at 11034 while Washington Railway & Elec- trie preferred changed hands at 109. VOTE ON YOUNGSTOWN STEEL DOOR PLAN DUE By the Associated Press. NEW YORK, August 16.—A special meeting of the stockholders of Youngs- town Steel Door Co. has been called for September 10 to vote on a pro- posal to increase the number of author- ized common shares and split the stock. It is proposed to increase the author- {zed no-par common from 400,000 to 800,000, splitting the present outstand- ing stock on a two-for-one basis. INSURANCE STOCKS RISE NEW YORK, August 16 (®).— The average price of 20 insurance company stocks as of August 13 was 27.77, compared with 27.39 for Au- gust 6, a net increase of .38, accord- ing to Allen & Co. The average ratio of price to liquidating value for these 20 stocks was reported at .96 for the week, an increase of .02 for the period. ANGOSTURA CHIEF NAMED. NEW YORK, August 16 (#).—Stuart G. Gibboney, counsel for over 20 years and vice president for 12 years of Angostura-Wupperman Corp., manu- facturer of table delicacies with a plant at Norwalk, Conn., was elected president of the company to succeed the late A. Edward Wupperman. 158‘-: 2!5 334 21% 85 831 398 874 10134 41% ol 803, 160 121 71 10413 323 148 30% 338, 9y 134 138, 3815 1% 55% b2y 43¢ 278y 178 587 293 13% 688 161y 219 2915 52ty o 11y 91, 231 40, 43% 42 354 114 153, 301 622, 105% 20 1291 695, 3R 297y 493, 4810 461y 243 28 495, 4% 355 23y 5914 53 ] 3815 523, 241 26% 1175 14% 13 451 651 18% 35% 113, 454 181 361 91, 334, 91 48y 6y 201, 378 38% 174 106 35% lg 100 105% 41y 115 4R 8214 125 415 115 86% 238 82 63y 9015 6874 134 4 3914 1258 69% 114 801 21% 4% 5% 451 33% 187 95 497 108 18% 131 17% 1057% 1% 13% 52% 3% 56! 115 121 28% 100% b6l 25% 125 115 108 % 40 Crane Co 213 Air-Way El Ap_ 11 Alaska Jun (.60a) - 24 Alleghany__ 5 3415 Alles pf $30 ww. 34 Alleg pf 340 ww. 1 Alles Steel (1.20 171 Allen Indus (1) Allied Chem (6) .. Allied Mills (2) - Allied Stores (.20a). Allied Strs pf (5)__. Allis-Chalmers(1g) 21'% Alpha Portland (1)- ] - AR s D e Am Ag Ch Del 274 5. 20% Am Bank Note % g_. 59 Am Bank N pf (3)__ 57 Am Brake Sh(1%g) Am Brake S pf 5% . 90% Am Can (4a) _______ 46" AmCar & Fy (%g). 77 AmCar & F pf (4g). 28 Am Chain & C(%g). Am Chain pf (5)___. 201 Am Comcl Alco. 25 AmCrystal S 2% g 88% Am Crys Sug pf(6). 5% Am Encaustic Til 6'3 Am & Foreign Pow . 18% Am & For Pw 2d pf. 57% Am Hide & Leath _. 36% Am Hide & L pf (3). 405 Am Home Pr (2.40). 21 174 124 37 183 % 43% ...§ 408 [T TSINTS 10 o Am Ice pf (1g) Am International Am Locomotive. Am M & Fdy (% Am M & Met (. ug). Am Metal (%g) ‘Am Pow & Lt AmP &L $5pt (5 Am Rad & St S(.60) Am Roll Mill(1.10g) Am Safety Raz (2)- Am Seating (%g)__ Am Smit & R(2%g) Am Stl Foun 1.50% . Am Sumatra (1a) Am Tel & Tel (9) _ Am Tobacco B (5) Am Type Fdrs._ __ Am Wat Wks (.60g) Am Woolen Am Woolen pf (3k)_ AmZine L&S _ Anaconda (% g) Anchor Cap (.30g)_. Andes Copper_ AP W Paper Armour Del pf (7). Armour 111 (.558) __, Armst'g Ck (1.50g). Arnold Const (%g). Artloom Asso Dry G z Atch T &S F (28) - Atlantic Coast Line ALGUIL & W Ind . Atl Gulf&W Ind pf_ Atlantic Refin (1)__ Atlas Corp (.80) Auburn Auto Austin Nichols Aust Nich pf A(5k). Aviation Corp._.__. Baldwin Loco (r) _ Baldwin Loc asd(r) Baldw Lo ctfs w.i Balto & Ohio _ Barber Co (% g) Barker pf (2%)_. Barnsdall (1) Bayuk ISt pf (7)_ Beldin-Hem (1) _ Bendix Aviat.T5g__ Best & Co (2123) Bethlehm Stl Beth Stl5% pt Beth Stl Bigelow-San (3z) Black & Deck (%g). Blaw-Knox (.458)-. Boelng Airpl _ Bohn Alum (3) Bon Ami B (1%g) « Bond Stores (1.60) Borden (1.60) Borg-Warner (2) . Botany C M (A) (r) Rower Roll Bz(2g) Bridgeport Br.40g_ 4 Briggs Mfg (1158) Bklyn-Man (21:§) _. Bklyn & Queens____ 4 BKIyn & Q T pf Bklyn Un Gas 2.30g. Brunswick-Bal____. Bucyrus-Erie Bucyrus-E pf Budd Mfg___ Budd Wheel (.20g)_ Bullard Co (1) = Bulova Watch (4a). Burlington Mills(1) Burr Ad Mch(.658). Bush Term (r)___ __ Bush T BId pf ct(r) Butler Bros (.60) .. Butler Bros pf(11) Butte Copper & Z ... Byers C Byers Copf________ Callf Pack (1%a)_ Callahan Z-La Calumet & H (%)~ Campbell Wy (1)__. Canada Dry G Ale Canadian Pacific Caro C &o st (5) Carpenter St 1.35g . Carriers & Gen .10g. Caterpillar Trac(2) r 7 401, 18% 31 268, 221 T9% 48% 211y 593 Té'n 11% 15% 7 b4y 6% o e o A =T TR TSP - SRR Vol R VI QORI - - Oy o 0339t S e e 08 G e i 39 16 25 4 20» 85 10214 Caterpillar T pf 26% Celanese (11;8) 10613 Celanese pr pf (7). 3612 Celotex (.80g) 73% Celotex pt (5) 613 Central Fdy 18 Central RRNJ. Century R M pf (7) 60 Cerro de Pasco (4) . 1114 Certain-teed . _ 4814 Certain-teed 6% pf- EIOa 35% Champ Pap & F (2). 2 67 ChesCorp (3) __ ‘4 50% Ches & Ohlo (2.80a) 13 91 Ches&OPDLA(4) - 2 6% Chi & East I11 pf(r). 2 Chi Gt West (r)____ 83, Chi Gt West pf (r)_. 24% Chi Mail Or (1%a)._ « ChiMStP &P (r) _ 'v« Chi M St P&P pt(r). 1 3 i&N W (r) 21 35 ChiPneuT cv pf(3) 2 ChiR1& Pac (r) 33 CRI&P6% pf (r). 15% Chick Cotton Oil.. 9% Childs Co 1 1 4 3 4 1 iy i Pneu Tool 1 2 2 1 1 4 0 94 Chrysler (78) 17% City Ice & F (2) 80 City1&F pf (6%)4 180! 6% City Stores 35 Clev Graph Br (1g). 17% Colgate-Palm (%) _ 4715 Collins & Aik (48)-. 15 Colo & South .. 6308 158 Colo & South 1st pf. 140s 1415 Colo & Sou 2d pf 28 Col Brdestg A 40g_. 10 Colum G&E (.20g) . 80 Col G&E pf A (6) 28% Col Pict vte (1a) ... 111 Col Carbon (4a) 56% Comcl Credit (4).._. 100 Comcl Cred pf 4% _. 63% Comcl Invest Tr(4). 13 Comcl Solv (.60)___ 2 Comwlth & Sou 46 Com & Sou pf (3) 34 Cyngoleum-Na (2).. 197x Consol Aireraft____ 97» Consol Cigar 8313 Con Cig p pf ww 614 3114 Consol Edi (1.50g8) - 9912 Consol Edis pf (5)_. 10 Consol Film pf .. 8% Cons Laundries 145 Consol Oil (.80a 104% Cons Oil pf (5 % Consol Textils 814 Consol Coal 33 Consol Coal pf_ Consum Pw pf 4. 50 20% Container (1.20) .. 184 Contl Baking A. 2!3 Contl Baking B . 81 Contl Baking pf( 50 ContlCan (3) __ 18Y% Contl Diam Fib(1g) 35% Contl Ins (1.60a) ... 2 Contl Motor - 39% Contl Ofl(Del)1%g- 25 Contl Steel (1) 612 Corn Exchange (3). 54% Corn Prod (3) .. 6 Coty.... 6 100 37 £ °Qp-—-lk¢9= BanuNNRADHS - 301 = O 100% Crane Co cv pf. [ 113% Crane Co pf (7) 18% Crosley Radio. 68 Crown Cork (2) .. 414 Cr'n Ck pf ww 2% 16% Crown Zeller. 1084, 12y 64 145 10 18% 811 Bl 161y 115 20% 82% 48 21% 115 1163 1163 — & Y W b L % % {41 ++ 1 1+++0 101010 o5 Frrey (I R I I | i+ ++1 0001+ 20% — % 82% 48 4+ ¥ 2% - % 20% 815 Curtis Pub_ 109% 67 Curtis Pub p & 5 Curtiss-Wright. 23% 1615 Curtiss-Wright A~ 1815 127 Davega Stores (1a). 109 © 99% Dayton P&L pf 4% 14315 104%, Deere & Co (18)-_ . 31% 251 Deere & Co pf(1.40) 58% 33 Del & Hud._. & 2412 13% Del Lack & W 1464 110% Detroit Ed (5g) 76l Devoe & Ray A (3a). 3614 Diamond Mat (la)_. 40% Diam Mat pf(1%a). Diam T Mot (3%g) - Dist Corp-Seag Dist C-S pf ww (5) o, Dixie-Vortex (113)_ Dome Mines (2a) 7'x Douglas Aircraft _. 159' 115% Dow Chem (2.60g) . 17% 14 Duplan Silk (1) - _ 18014 14815 Du Pontde N(2%g) 10 12 130% Du Pont deb (6) . %151 Fastman Kodak (8) 150 stman Ko pf (6) - 10% Eizingon Sch 21% K1 Paso N Gs(1.60)- 34% Elac Auto Lt 1.40% % 41 1 30 7 208 15 80s T k Iorn Coal pf SPS$6platg . uit Oft Bldg. ieRR __ ielstpf _ Erfe & Pitts (313) Fureka Vacuum C1_ Fvans Prod (1) Fairbanks Co. '« Fairbank: 3 Fairbanks Mrse(1a) 2 Fajardo Sugar(3g). Federal Lt & Trac - Fed Li&Trac prw-) Federal Motor Federal Screw _____ Federal Wat Sve A 4 IFederat D St (1358) Wirestone (174g) _. First Nat Strs(213). Flintkote (1) Follansbes Bros ¥ood Machine (1a). Foster Whealer __ Freeport Sul (1g) -~ Gabriel A X ir (Robert) ___ Gar Wood Ind (% g) Gen Am Inv nAm Trns(1:g) en Baking (.60) __ n Baking pf (8)_ Gen Bronze Gen Cigar (4) Gen Llec (.80g) Gen Foods (2) _ Gen G & E1 A_ Gen Mills (3) e Gen Motors (214g) - Gen Mot pf (5)__ Gen Out Adv __ nOut AdvA Gen Print Ink(.30g) 108 r S & R B e R Ty o - Gen Refract (2h) Gen St Cast pf E wrexHN—RaaXR—an < Glidden Co (2a) Glidden cv pfux.) * Gobel Adolf Goebel Brew (.2 Goodrich pf (5 Goodyear T&R 1 Goodyr T& r Gri Hisaion nite Cit St (1) - Grant (WT) (1.40a) Great Nor Ry pf t Nor Ore ct (3% &) Grt Wst Sug(2.40a) Green (HL) (1.60a) Greyhound (.80)___ Guantanamo Sug._. Hall Print Hamilton W (1.25g) Harb-Walk (1.50g)- Hayes Body __ Hecker Prod (.60a). Hercules Mot (1) Hinde & Dauch(1g) Holland F (1g) Hollander (1) Homestake (. Houd-Tier B (133)_. Houston Ol Howe Sound (3a) Hudson & Man pf. Hudson Motor_ Hupp Motor__ Illinols Central 11linois Cent pf A Indian Refining Indust Rayon (2) Ingersol Inland Steel (4a) _. Inspiration Copper. % Insuranshar (.10g)_ 3 Interlake Iron_____ 5 Intl Agricul Intl Agri prpf (3k)_ Intl Harvestr (213). Intl Harv pf (7) Intl Hydro-Elec A Int Mer Marine _ Intl Mining (. Intl Nickel (1. Intl Nickel pf (7) Intl Paper & Pw Intl Paper & Pw B Intl Paper & Pw C__ Intl Paper & Pw pf_ Int Ry Cent Am pt Intl Shoe (2)_. Intl Tel & Tel Interst Dep S 2% g-. Interst Dept pf (7). Intertype (.30g)- Jewel Tea (4) Johns-Manville (3). Johns-Manv pf (7) % Jones & L pf (34:k) Kalam Stove (1a) __ K CP&L 1 pf B (8) . Kaufm'n D S 1.20g. Kelsey-Hayes A._. Kendall pt (6a) Kennecott (28) 14% Keystone S&W (.60) 874% Kimberly-Clark (1) 8Y Kresge Dep Stores. 20% Kresge (S S) .90g 18 Kroger Groc (1.60)- 15% Laclede Gas 1814 Lambert (2)_ 32 Lehigh PortC (1%) 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf_ 131 Lehigh Valley R R 36 Lehman Corp (1a) .. 40 Lerner Stores (2a)_ 5814 Lib-Ow-Glass (3g)- 4 Libby McN & Lib__. Ligg & Myers (4a)_x 944 Liggett & M B (4a) x 151 Ligg & Myers pf(7) 59 Lima Loco (1g)- 63 511 Link Belt (2) 267 2413 Liquid Carbide _ 877 6415 Loew's Inc (6g)_. 110 105 Loew's pf (6%)-. 3% 1 Loft .. 75% 50% Lone Star Cem (3)_. 43% 28% Loose-Wil Bis (2) _ 28% 20 Lorillard (P) (1.20) 28% 19% LouisvG&E A 1% _. 29% Ludlum Steel (1)._. 21 McCall (2)_ 14% McCrory Strs. 403, McGraw Elec 32% Mcintyre Porc (2) 12% McKesson & Rob___ 12% McLellan Strs(%g) 95 McLellan pf (6) 40% Mack Trucks (1) 44 Macy(RH)xrts(2a) 20 % Macy RH rts Sep 3_ 786858 10% Mad Sq Gar (1.158). 3 3% Manati Sugar (r) - 14 Manati Sug pf (r) 3% Maracaibo Oil. 9% Marine Mid} (.40a)_ 18% Marshal Field ... 18% Martin (Glén) 7 Martin-Parry. 51% May Dept Strs (3a). 8 Maytag - 34 Maytag pf ww (3)_. 93145 Mead Corp pf (8) - R!" - [T OT TR ST DT PP ey VS vy B I 4 1001 17 685 1374, 124 129 3314 1191 105‘- 2 568 283 21% 21% 8T 21% 17% 5215 35 13% 143, 964 46 “467% # 135 614 4 10% 27% 23 8% 65 9% oo U o el foT v e (o t+i++++E1+00 010 LFTL% £ & % Y% % W » llt ¥ 9 Ea { 55 8 % o 0 141+ 114+ FFEOF O FFEEES L T O ) - (S F PEFEFFEF § & L3 REXEEFFFEFFE FREF FLFEESF £ FEyFFe & 4813 33% Midland Steel (2) _ 122 108 Midland Stl1 p£(8). 16% 11 Minn-Mo} Imp._ 108 881% Minn-Mol Imp > 34 23% Mission Corp (1g) 53 Mo-Kan-Texas 21 Mo-Kan-Tex pf_ 6 Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch 13%& Montgom Ward(2a) Morrell & Co._. Mother Lode__ Motor Prod (1%g) . Motor Wheel (1.60). Mullins Mfg (B) Munsingwear 1.50a. Murphy (G C) 3.60 . Murray Corp_. . _. Myers & Bro (2§) .. 45 Nash-Kelv (1) Natl Acme (4g) Natl Biscult (1.60) _ Natl Bnd & Inv 1.44 atl Cash Reg (% &) atl Dairy P (1.20). Natl Dept Strs Natl Distill (2) Natl Lead (%) Natl Malleable(1g). Natl Pw & Lt (.60)_. Natl Steel (1.25g) __ Natl Supply Natl Supply pf 312k atl Tea (.30g) . ‘ewberry JJ (2.40). Yew Orl T & Mx(r)._ Newport Ind (1%g) NY Central ___ XY Chi & St L pt_. Y C Omnibus ¥ Dack: & Y Dock pf Y Investors (r ¥ Shipbildg pt. 17808 1074% North Am pf (3) Northern Pacific Norwalk T & R Ohio O11 (128) .. Oliver Farm_ Omnibus Oppenheim Col %4 g- Otis Elevator .80g Otis Steel ._______. Otis Stl 1t pf 515 __ Owens-111 Gl 1% & Pac Coast_ Pac Gas & Fl (2) Pac Mills (1g) - Pac Tel & Tel (8) Pac West Ol (.65e). Packard Mot (.16g). Panhandle P&R (r) Paramount Pict Paramount 1 pf (6) Paramount 2 pf(.60} Park Utah 5 4 Parke Davis(1.40g). Pathe Film Patino Mi Peerless Corp Penney (J C) (2g) 10015 Penn Coal & Coke Peoples Drug (1a) 4 Peoples Gas Lt & C. Petro Corp (.40g) . Phelps Dodge 1% g - FPhila Read C&1 _ Philip Moris(3%g). Phillips Pet (2a) Phoenix Hosiel Pills Flour (1. S\)]» Pitts Coal __ ___ Pitts Coal pf _ Pitts Coke & Tron 5 100t 12 Pitts Serew (.308) Pitts Steel pf_ Pitts United Pitts United pf Pitts& W Va _ Plymouth O11(.70g) Poor & Co B Postal T & C pf (1) Pressed Steel Car _ Procter & Gam (2a) Pub Sve N J (2.60)- Pub S N J $5 pf (5)_ Pub Sve N J pf (6) PubS N J 7% pf(7 Pullman (113) Pure Oil _ Pure Oil pf (8) Purity Bak (.45g Radio Corp . Radio cv pf (313) Radio-Keith-0 (r)_ Raybest-Man (133)- Real Silk Reliable Strs (1) Reliance Mf (.60 21 Rem Rand (1.05g) . 80 Rem Rpfww (434). 5 Reo Motor __ - 27% Republic Steel __ 109 Rep Stlcv pf (3k) - Revere Copper & B_ Revere Cop& BrA. Reynolds Met (1)_— Reynolds Spr (1) _. Reynolds Tob B (3) Roan Antelope 1.11g Ruberoid (.60) __ Safeway Strs (2) « Safeway 7% pf (7 St Joseph Lead (2 3in 1612 17 124 98 308 34l 58 8613 48 Rchenley Distill(3). Schenley pf (5%) Scott Paper (1.05 Seaboard Air L (r)_ Seaboard A L pf (r) Seaboard Oil (1) Sears Roeb (3)_ Servel Corp (1a) - Sharon Steel (1.20 Sharon St1 pf (5)_. % Sharp & Dohme Shattuck FG (.60) Shell Unton (%) Silver King (.65g) Simmons (1g) - Simms Petroleum__ Skelly Oil (1g) Smith (A 0)_ Smith & Cor (%g) . 16% Socony Vac .508)___ 315 Sou Am G&P (.10g) Hdaly 401 284 6% 49 51y 53% 0% 57 Pitts Coke&Ir v pf 10015 9% 46Y% 115% 13% 105% 29 6% 5% L 2 L0 fl'm 17% 10715 11% 107'% 113 27% 27 54 3 4y 67 200 197 8T 6814 3 15% M’M 4% Ry 183 T 624 3015 123 Unit a2 Vadsco 14% Yan 150 Va( 5l (IR - - n] = - % 1000 +1 ‘[ 109 + 4| 115 30 9 56 431y ]1 a0 Sparks With__ Spen-Kell (1.60a) Sperry Corp (le)_ 4 Spicer Mfx.. Spicer pf A (3)_ 4 Splegel Inc (%g) Spiegel pt (4%) _ Square D Co B.60g ... Stand Brands (.80)_ Stand Gas & El (r) - Stand G & E pf (r) _ Stand Oil Calif (1a) 4 Stand Oil Ind (1a)_. 30% Std Ofl Kansas ____ 631 Stand Oil N J (1a) . 62% Sterling Prod(3.80). 3 Stewart-Warn(%a) 3 7 1 28 20 2 13 Stone & Web. Studebaker Sunshine Mng (3) _ Superheater ( Superior Ol Superior Steel Sutherland P(1.60). Swift&Co (1.20) Symington ww .35g. 4 Telautograph (.60). Tenn Corp (%g) - Texas Corp (2) Texas Gulf Prod Tex Gulf Sul (2a) Tex Pac C&O (.40)_. Tex.Pac Land Tr___ The Fair The Fair pt (7)_ Thermoid Thompson Pr(.90g) Thompson-Star Thompson Starr pf . 15% Tide-Water As(1a). TimKen-Det Ax(2e) Timken Roll B(3a) x 5% Transamerica new 2 22% 13 Trans & West Afr _ Transue & W (.15g) Tri-Cont Corp (%g) Truax-Traer (.80) . 537 20th Cent-Fox (1g). 31 '3 Twin Coach (.30g)-. Tlen & Co d'w'd-KI-F 3.25g UnBag&P(2) _ _x Un Carbide (2.40¢ Un Oil of Cal (.8 Un Pacific (6) Unit Aircraft (‘4[) Unit Air Lines Unit Biscuit (1.60) _ Unit Carbon (4) Unit Corp Unit Corp pf (3) Unit Drug (%g)-__. Unit Elec Coal Unit Eng&Fy 1.50%. Unit Fruit (3) UnitGasImp (1) _. Unit Gas Imp pf(5) Unit Paperbd & Foreign See _ Freight (13.e)_ Hoffman Mach . ndus Alco_ Leather __ S Leather A__ w0 anTawardAamNEE =By Gan (.30g) P 308 Unit Stockyds (13). & 2 Univ-Cyclops St(1) 1 a2 Univ Pictures 1st pt UUIP&LtA (r) 208 Vanadium Steel _ « Vick Chemical (2a) ro Chem \a-4 aro 6 pf(15k). “ulcan Detin (3g) \\';\hxvh Ry (r) Wabhash pf A (r) Waldort Walgreen (2) Walker H GEW (2) Walker HG&WpL (1 Walworth Ward Baking B Warner Bros Pict _ Warner-Quin (r)___ Warren Bros (r) Warren Fdy &P (2a) Waukesha Mot (1a) Wayne Pump (1 Webster Eisenlohr Wesson O & S (13a) West Penn El pf(6) W Pen El 7% pf (7) W Penn P 6% pf(6) West Auto Sup 1.60. 4 110 s (1.20). 12 g) 2008 308 108 Western Maryland - 4 West Union Tal (3). 14 Westinghse Air (1) Westhse E1&M(3g). Westhse lec pf 3g. 308 Weston El In(%g) Westvaco Chl (1) Wheeling Stl Wheel Stpfret 215k White Dental(1.20) White Motor __ White Rk M Sp 1.40. White Sew Mach_ White Sew M pf Wilcox Oil & Ga: Wilson & Co (32) Wilson $6 pt (6) Woolworth (2.40) __ Worthington Pump. lfll % Ta% 40% 30 MW 4% 11:00 A.M. 1:00 P.M. [ FErEFFFEE {nehie | inchuded 30% x Ex dividend. 234 last year, 2 year. clared this year. Total Sales for the day. s Unit of trading 10 shares. T In bankrupicy or rceivership. or belng reorganized under hlnkrunwy ACL. or securities assumed by such compantes. tes of dividends in the foregoing table are annual ai bursements based on the last quarterly or semi-annual deciara | Unless otherwise noted. special or extra dividends are not xr Ex rights. 1Pavable in stock. g De h Cash or stock. Worthington pf A _ Yale & Towne (.60). Yellow Truck _ Yellow Trk pf (7). Young Spring (3) Youngstn S&T 145 Zenith Radio(1%28) Zonite Prod Approximate Sales of Stocks on the N. Y. Stock Exchange, 408 933, 40 £ 94y 4078 Sy 200,000 390 000 12:00 Noon 2:00 P.M. 20,000 8 Also extra or extras. e Pald NEW YORK COTTON By the Associated Press. NEW YORK, August 16.—Following a decline at Liverpool, cotton eased today under selling promoted by re- ports parts of Texas had received wanted moisture and cooler tempera- tures. Partial midday rallies on trade buy- ing were not sustained. December, which had sold up from 10.24 to 10.34, reacted to 10.27 by midafternoon, when the market was generally 12 to 18 points net lower. Trading continued restricted as the trade awaited progress on the cotton loan plan at Washington. Futures closed steady, 12 to 17 loger. Low. October ___ 0.2 December January March 10 May mof Tt qutef - middiins, 10, n—Nomi Co“onlud Oil. Bleachable cottonseed oil futures closed easy, 10 to 13 lower; sales, 106 contracts, including 8 switches; Sep- tember, 8.24b; October, 8.19b; De- cember, 8.18; January, 8.20; March, 8.22b. b—Bid. —— LARGE INCREASE SEEN IN COMMERCIAL PAPER By the Associated Press. NEW YORK, August 16.—Reports received by the Federal Reserve Bank of New York from commercial paper dealers show a total of $324,700,000 of open market p-per outstanding on July 31, 1937. Outstanding for June, 1937, amounted to $284,600,000 and for July, 1936, $187,600,000, Net of American Gas & Electric Mounts Sharply By the Associated Press. NEW YORK, August 16.—American Gas & Flectric Co., with subsidiaries in the Midwest, South and East, for the 12 months ended June 30, re- ported net income of $12,883501, equal after preferred dividend require- ments to $2.39 a common share, against $11,101,617 or $2 & common share in the preceding 12 months. Associated Electric Co., with operat- ing subsidiaries principally in the Mid- west, East and South, for the 12 months ended June 30 reported net in- come of $1,677,920 before the undis- tributed profits surtax, against $664,- 152 in the preceding 12 months. PYRIDIUM STOCK OFFERED. NEW YORK, August 16 (®).— An offering of 70,000 shares of com- mon stock of Pyridium Corp. was made today by Wright, Bergen & Pistell, Inc., of Jersey City; John J. Bergen & Co., Ltd., of New York and George T. Leach & Co. of Chicago. The issue is priced at $15.50 a share. TOBACCO AVERAGE LOWER. NEW YORK, August 16 (#)— The average price of United States type 12, grade B-4-F, flue-cured to- bacco was 18.7 cents & pound for the week ended August 14, compared with 19.6 cents for the previous week, and 17.2 cents for the similar week last year, according w H. A. 8tich, tobacco ‘economist. NEW YORK BANK STOCKS OFF SLIGHTLY IN WEEK Special Dispatch to The Star NEW YORK, August 16 —New York City bank stocks registered little change during the last week, accord- ing to records compiled by Hoit, Rose & Troster. The aggregate market value of 16 leading issues on August 13 amounted to $1.960.873,000, compared with $1.- 963,543,000 at the close of the previ- ous week, a decrease of $2,670,000 or 0.14 per cent. The current average yield of the 16 issues is 3.36 per cent and the current market value is now 142 times the known book value, both unchanged for the week. SANTA FE ASKS RIGHT TO ISSUE NEW BONDS By the Associated Press. The Atchison, Topeka & Santa Fe | Railway Co. asked Interstate - Com- merce authority today to issue $501,000 of general mortgage bonds. The securities will be delivered to the road's trustees for certification and then redelivered to the carrier to be held in its treasury as reim- bursemertt for funds expended in re- tiring bonds of the Chicago, S8anta Fe & California Railway Co., a subsidiary road. Locomotives Ordend NEW YORK, August 16 (#).—Beth- lehem Steel Co. was reported to have ordered 11 Diesel locomotives from American Locomotive Co., while Elgin, Joliet & Eastern Railway Co., ordered at the close. % | Only Few Specialty Issues Able to Gain—Losses Well Distributed. Stock Averages 0 15 15 R0 Indus. Rails. ULil. Stks. Net change. —2 —8 —3 —4 Today close .. Prev. day _. Month ago 99.7 999 96.1 395 403 403 39.0 495 36.1 435 431 434 429 521 54.0 39.1 0.2 0.6 68.6 67.3 75.3 62.6 53.7 728 302 434 557 87 239 189 9184.3157.7 516 953 618 61.8 (Compiled by the Assoclated Press.) BY VICTOR EUBANK. Associated Press Pinanciai Writer, NEW YORK, August 16 —Stocks] groped in the dark in today’s marks and only a handful of specialtics managed to find higher ground United States Steel suffered early sinking spell and, at worst, ws down more than 2 points. Other leaders took their cue from this top notcher and declines of as much ag| a point or so were widely distributed Continued confusion in the eon-| clared or paid so far this | k Accumulated dividend paid or de. | gressional legislative program, and | revival of doubts early adjournment is likely, tended to restrain buy forces to some extent Although it was said to be debata whether the Sino-Japanese ¢ | inspired many stock offerings, speculative contingents apparentlv retired to neutral territory pendir clarification of the Shanghai flict which could possibly foreign nations Dealings were extremely | throughout, with transfers approx | mating 650,000 shares. Aside from “Big Steel,” prominer | share losers included Bethlch: | Republic, Youngstown Sheet & Wheeling Steel, General Motor: Chrysler, United States Rubber, Good | rich, Anaconda, Kennecott. American Smelting, International Nickel, West-| inghouse, Santa Fe, Southern Pacific, Northern Pacific, Atlantic Coast Line) American Water Works, Consolidated Edison, Interstate Department Storec| Celanese, Zenith Radio, Consolidated| Laundries, Paramount, Macy and American Radiator. Resistant were Allied Motor Products, Omnibus, Chain, Deere, Colorado & Southern Timken Roller Bearing. Tidewater Oil. Houston Oil, Studebaker, Packard, Armour, Wilson & Co. Goodvear, Muilins Mfg, Canada Dry and Bucy. rus-Erie. CHICAGO GRAIN By the Associated Press CHICAGO., August 16. — Flurried | buving as well as notable upturns of| prices took place in the corn market today following reports of widespread 15 per cent crop damage. The damage advices came chiefly| from Nebraska, South Dakota, North west Iowa and S 1ern Minnesota,| | Hot winds, together with lack of] moisture were asserted to have caused| | the corn crop to “fire." | At the close, corn futures ranged | from *< to 27, cents above Saturday g finish: September, 99-99 December, 6835-12: wheat, 1,-7¢ down: Septem ber, 1.11%- December, 1.12! and oats unchanged to !4 off, WHEAT — Ope Low Sen 11078 1 some) cor in Chemical American| Chicago Cash Market Cash wheat, No. 2, red, 1.15'4-1.16 No. 2. hard. 1.16-1.16'2; corn, No. 2, yellow, 1.06'2; oats, No. 1, mixed, 3! 31l: No. 1, white, 313,-32; No. 2 | white, 301;-3115; rye, No. 2, 8414-87 soy beans. No. 2. yellow, 108%; bar ley. No. 3, malting, 81 feed. 48 nom.; malting, 65-82 nom.; timothy seed, 2.50-2.60 cwt. Baltimore Quotations BALTIMORE. August 1f (P —Wheat No. 2 red Winter. garlicky, spot, domesiic | 1.15%: August, 1.15% ex Prices 16 \HNMPF(‘. Aug -Grain range |INSURANCE SHARES GO HIGHER DURING WEEK | Special Dispatch to The Star. NEW YORK, August 16.—Insurance stocks in the New York City market registered fair gains during the last week, according to records compiled by Hoit, Rose & Troster ‘The aggregate value of 20 leadinz fire and casualty insurance issues on August 13 totaled $619.992,000 com- pared with $609.054,000 at the close of the previous week, an increase of §10,- 938,000, or 1.80 per cent. The current average yield of the 20 issues is now 3.66 per cent compared with a yield of 3.73 per cent on August 6. The current market value equals 99 per cent of current liquidating valua against 97 per cent a week ago, DOLLAR GOES HIGHER IN LONDON DEALINGS LONDON, August 16.—The United States dollar gained 3-16 of a cent in foreign exchange trading today. The close was 4.98's to the pound, compared with a sterling rate of $4.98'; in New York on Saturday. French francs were unchanged at 132.81 to the pound STORE EARNINGS DBOP NEW YORK, August 16 (4 —Ameri- can Stores Co. and subsidiaries, groc- ery chain with units in Pennsylvania and adjoining States, for the six months ended June 30 reported net in- come of $551,067 before the undistrib~ seven, five from General Electric Co. and two from American Locomotive Co. » uted profits surtax, equal to 42 cents a common share, against $1,083.506, or 83 cents a share, In the first 1936 half.