Evening Star Newspaper, August 16, 1937, Page 19

FINANCIAL. CURB LIST DRIFTS TOLOWERLEVELS Moderate Losses Predomi- nate in Active Industrials Late in Session. ociated Press YORK, August 16.—Small predominated among active fl‘l-\ dustr ares on the Curb Exchange | in late trading today as the week end | news failed {o inspire bulls to resume | the initiative Most mining shares retreated frac- tionallv as leading metals tended to case following a recent advance. | ANewmont. Hudson Bay, Consolidated Copper and Eagle Picher were among B the As NEW losse: | Am Meter (1} 2:30 Stock and_ Sales— Dividend Rate. Add 00 Acme W vic (2) 258 Aero Sup Mfg B 1 Ainsworth (13g) q Alr Devices _ 2 Alum Co Am____ 1008 Alum Ltd 3508 Am Box Bd(.05g) 2 Am Cappf 150k 1 Am Centrifugal . 2 Am Cit PAL(3h). 1255 ACP&LB(30r). 1 AmCyan R (.60). 14 Am & Fgn Pwar. | AmFK&H (1a)- 1 Am G & F1(1.40) . 6 Am Gen 2 Am Gen $2 pf(2) 1508 Am Mfg (28) ___ 1008 Am Maracaiho 28) Am Seal Kap Am Sup Power__. Am Sup P pf Apex Electric Appal Bl P pf (7) Arctur Rad Tube 208 shares nnsed ahead frac- Sunray, Imperial | Petroleum But | losses in Gulf luding triernation gains were offset by American Cyanamid “B,” Cord Pitnev-Bowes, Crocker Wheeler and Technicolor. 1 marked time in a es mostly CURB BONDS DOMESTIC BONDS. | High Low Noon | Rell Ai Ark Nat Gas ____ Ark Nat Gas A _. | Ark Nat Ghspf Ashld O&R(.40) ASG&FIA __ At Cst Fish(.35g) Atlas Corp war _ | Atlas Ply (1%g . Austin Silver M_. Automat Prod __ Auto V Ma(3a) Avery&sons 60 Axton Fis A __ Rald Bond rt (r)_ Rardstown Dis _. Rarium Sta Stl__, Bath 1 W(6%f)_. Rellanca Alirc.__. Bark&Gay Furn . | Rerk&G ¥ war | Breez Bickfords p! Bliss £ W 3lue Ridge (158) dcvpf(3h) ack (H C) Rohack(HC)1 pf e Corp Brawster Aero Bridgpt Ma('2g) Bricht Star Rrill pf Rrown Co pf Rro'n F&W 1.05 Brown F Dist i Ruckeye Pl, 2| carrier Corp Carter T W(.40g) Casco Pr (2%g) Ch Ch Ch x Shft liva&a M ds pf Service o Neon Lt Colon Develop Colan Develop A Colon Devl ey pf Col GRE pf(5) Colum 0 & G Comuwlth Bd new 50 | Comlth & So war. \Wew E G & E ¢ Vew E Pw 5lo8 wew Or PS < NYSE& G Ta Ind PS rw B As Sh Plb Cons Risc ( 60) Conz Cop a1in Cont Roll & Stl Cooper-Ress Copper Range Cord Corp Cosden Petro _ _ Creole Pat (1:g)_ or Wh Croft Brawing_ Crown C Pet Crown Drug Cusi Mex Darby Pet (1) _ Dejay Sirs (50) Dennison Mf 1 pt Der | Fa | Ford M Car DIVIDENDS ANNOUNCED NEW YORK. August 16 —Dividend elared, prepared hy Standard Sta Regular Pe- Stock of Rate. rind. record Q Pav- %100 Tnterim -1 SHORT-TERM SECURITIES. (Reported by Chas. D. Barnev & Co ) | Gt A&P nv (6a)_. 1 {1l lowa Pow . | Imp Oil Can(13a) a1 1007, 10115 Pa 45 47 Tei i U. S. TREASURY NOTES. NEW YORK August 16 @ Prices | ed In dollars and thirty-seconds onth ] Feb| 11 Mcr June. e 100-19 101-4 101-29 10 100-20 100-30 100221 10007 10016 10001 1940 1040 1940 BOSTON WOOL MARKET. August 16 (™ (United States { Agriculture). —Little inter- in wool by either mill or Ver'Busers foday, The auict markol sppeared fo be the recult of slow demand zoods. Holders of domestic - wools. | however, showed no disposition to shade | ASKing prices in an attempt to stimulate sales. * MINE PROFITS CLIMB. NEW YORK, August 16 (&) —S8ilver | King Coalition Mines, with mines in | Utah, for the quarter ended June 30 reported net profit of $414,237 before depietion, equal to 34 cents a common &hare, against $205.248, or 17 cents a spare, in the like 1936 quarter. R St McQuay-Norris Manufacturing Co. | common share earnings, six months| nded June 30, were $1.10, against $2.50. | GodehauxSA (3 | Ital Superpwr A Det Det Mich Stove RA&Sh pf(6) P As A (15g)- P& war ApfA 67 pf ty Corp < Wal Emp G&F Equ rehild Av Faistaff Brew Fisk Rub : Fick Rpf (6) 1008 Ford M CanA (1) 2 R (1) 1008 FA M Ltd( FroediGevpfl.20. Gen Alloys E Georg Pow pf Glen Alden(%g) PSS T Gorham Inc (A) Grand Nat Films Gray Tel P S (1) 5 ] = i 1 o b Ot o o o o R 0 et G een T &D .- Groe Str Prod._. Gulf Oil (14g)_ Hall Lamp(.20g) Hn D Strs(1.65g) Hecla Min (.702). Helena Rith A(1) Hoe(R)&Co A Hud BM&S (% x) Humble Ol (134) HygradeSylv(2g) 111 Shares A (2) Y 3 Ins CN Am(2a) Inter Pet(1%a) . Inter U war new_ Inter Vita (15) _ Inters Hos(2%) Inters Pw Del pf Inv Royalty .0a = z Jacobs Co (% g)_ eannctie Gla _ Fercparprisy . Jer C P&L pf(7) Jonas& N (.15g) Kingston Pr(.40) Kress(SH)pf 60 | Kreuger Br (1a)_ Lake Sh M (4a)_, Lakey Fdy & M__ Lefcourt Real _ Lehigh C&N(.30) Leonard Oil _ Le Toureau (1) __ Lion Ol (1a) Lit Bros Lockheed Aire _ Lone St G(.40g) . Long Is Lt z Louis L&FE(.40) . MeWill's D 1.25g | Massey Harris Mead John (3a) _. Memphis Nat G . Merritt-C&S __. Mesabi [ron MetTpt pf(314a) Metro Edis pf(6) Mich Bumper___. Mich G & O . Mid St Pet A vte. Mid St Pet B vtc._ Midwest O (Y%g) Midwest Pip Sup Minn M&M (.90g) Miss Riv P pf(6) Molybdenum Mont Ward A(7) Mtg Bk Col 1.358. Mount City Cop _ Mount Prod (.60) Mur O M(.608) t Bellas Hess Nat Contain .75g. Nat Fusl G (1) ... A . Low. Close. 50y B0Y% 3 3% JUSIEY) 24 21 158 158 123 204 33 3 34 L3 36l 2t 1815 34 10% 31 468 1% 41 13 106 11 Tl T Ria 5% 2% 217 ERY 24 24% 1% by 11y 15% 25 1% " 106 T t | Roma Cahle T /R 2% ™ & [ 1 21 9% 9% 13 18 ~18 38% 38y 38y 110 110 110 1010 10 146 146% 1464 A am 4y n% 11 11 6% 6% 6% 1% 178% 17% 2 202 124 124 1215 15% 15% 15% 88 2 | Rustless 1&S___ | Technicolor .a0g . | Tex P&L | Wright Har 402 | are annual disbu: | less otherwise noted. | £ Payabie in stock | shares of Alleghany Corp. common | any special significance. | shows THE EVE 2:30 Stock and Bales— Dividend Rate. Add 00. Nat Oil Prd(.80g) 2 Nat P& Lt pf (6) b0 Nat Rub Mch Nat Trans (.458). t Un Rad Neht Corp (1g) _ Neptune Met A NewmMin (1% ) N Y Mer (.80a) _ Niag Hud Pow __ ag Hud 1pf(F). Niag Hud A war Niles-Bem-P(1g) Nipi'g Mns(3g). Nor Am L&P pf NAmR A (1.50g) NAm Ray B 134§ Nor Europ Ofl NIPS6%pf (21,k) No'west Eng &g Okla Nat Gas ___ Oldetyme Dist___ Pac Tin spl (2a) Pantepec 011 ParkbgR&R 80g. Pat Ply M (1) - Pender Gro (B)__ Pennroad (1 Pa P&LEpf (1) - Pa St GAR) Pepperell (6a)__. 275s Phillips Pkg PhoenixSec(1,a) Pioneer Gld(.40). Pitney-Bow (.40)_ Pitts&LE(41(8) - Pitts P Gl(4728)_ Premier G1d . Pressed Met (2) _. Prosperity B____ Pruden Inv Pug Sd P $6 pf Pyrene (.40g) Ry & Lt Sec .30g . Rainbhow L.um B_ Reiter-Fost High. 41 T4 96 173 1144 8 173 113 Rlg Roosevelt Fd .__ Root Pet (14g) . Rossia Intl = Russeks ' A (1) 2 1 2 1 3 Regis Pap ___ 1 mpson Unit___ hiff Co (2) ovill Mfg (1g)- Selby Shoe 160 _ 108 Selected Indus 3 el Ind(al ct)5% 2508 SelInd prpfala. bos Shattuck Denn__. 4 mmons H&P . 3 notone (.10g) 1 3 1 2 1 alkd pf 1508 808 Bpfllg | Stamford, Conn., | its & Spencer S 1,058 .- Stand Rrew A Cap & S 1.60a an Dredg ev pf Ol Ky (1a) Oil Neb (g) - 0il Ohio (1) __. Pow & Lt _ Sil-L (.02g) - arratt Cor vte ein A&Co .40g_. erlInc (.20a).. innes (H) _ Sunray Oil .15 Super'r P Ces Swan F 01l ( Taggart Taylor K Dist .30 100 25g) Tech-H G (.40a)_ pE(T) Thew Shovel 2g Tilo Roof (1) Tonopah Relm't Trans-Lux (.20)_ nswest Oil 108 1258 2 10 Tubize Chat Union G Can .60 Unit Chem______. ‘nit Gas nit Gas war nit Gas pf (1) - nit Lt & Pow A . nit Lt & P ev pf nit Shipyd nit Shoe A U 1 1 1 1 1 1 U 1 1 1 l 1 1 t t S PSP SREFIELS a 250s SFoll B (%g). 2 S Lines pf 1 Play Card 1a B0s RubRecl .. & trs1pf _. 208 nit Ver Ext 1g 1 it Wall P.15g. 43 niv Prod (1g) . 100s til Pw & Lt (r)- Equit Valspar Corp vte Venez Mex Oil Venezuela Petrol —n 'S Uti | Warne Knit M Weishm B B 40a Wentwe West Air Exp Wil-L Caf pf Willson F Wilsan Jon | WP&Lpf 1313k, Wolverine T .40g Yestn S11 D 2.50g Yukon Gold .06g r In bankruptcy or receivership or eing | reorganized under the Bankrupicy Aei. or securities assumed by such companies Rates of dividends in the foregoing table ts based on the last | declaration Un- special or extra divi- dends are not included | & Also exira or extras e Pald last year & Declared or paid 5o year. no regular rate hCash | k Accumulated dividend paid this year —With war- xw Without warran: war War- far this or stock or deciared rants Tants ALLEGHANY PROXIES REPORTED DELAYED Ball Foundation Has Not Yet Sent in Approval, but Favorable Action Is Expected. BY the Associnted Press. . NEW YORK, August 16.—The Ball Foundation, which votes 1,200,000 stock, has not yet sent in proxies in approval of the proposal for merger of Alleghany with Chesapeake Corp., the other major holding company of the Van Sweringen rail system, it was disclosed today. The proposal has been under fire in Baltimore, where suits for an in- junction to restrain the merger were heard before a State court, and in Washington, where both the I. C. C., the S. E. C. and a Senate committee have the plan under investigation. Persons close to the Young-Kolbe group said they did not regard the failure of the proxies to arrive as of They pointed out that Frank P. Bernard, a director of Alleghany Corp., representing the common stock, also represents the Ball Foundation, of which he is a trustee, and had given his approval to the merger plan. Meetings of stockholders of the| g two companies, set for August 17, will | be postponed for at least 20 days, it was said. LONDOY TRADE DATA. LONDON, August 16 (&) —Foreign trade figures for July issued by the British Board of Trade are as fol- lows: Total imports, £85,500.000; ex- ports of British products, £47,560,000; re-exports, £6,800,000; total exports, £54,360,000; excess of imports, £31,140,- 000. —_—— VISIBLE GRAIN SUPPLY. NEW YORK, August 16 (#)—The visible supply of American grain the following changes in bushels: Wheat increased 8.307,000, corn decressed 1205000, oats in- creased 3751,000, rye increased 391,- 000 and barley increased 1,260,000. | small | months ended July 31 reported net in- | ended July 31, NING STAR, WASHINGTON NEW YORK CURB MARKET By private wire direct to the Star. $12679.29 EARNED BY COLUMBIA GAS 12 Months’ Net Compares With $12,945,118 for Previous Period. By the Associated Press. NEW YORK, August 16.—Columbia Gas & Electric Corp. and its sub- sidiaries reported a net balance ap- plicable to capital stocks amounting to 812,679,292 for the 12 months ended June 30, equal, after preferred divi- dend requirements, to 48 ocents a share on the common stock. This compared with & net of $12,945,118 for the 12 months previous, equal, after preferred dividend requirements, to 51 cents a share. Standard of Indiana. Standard Oil Co. of Indiana re- ported consolidated net profit for the first six months of 1037 totaled $27,- 904,211, or 8183 a share, compared with $22,015537, or $1.45 a share, the corresponding 1936 period. No provi- sion for Federal surtax on undistrib- uted profits was reflected in the report. Pacific Gas & FElectric. Pacific Gas & Electric Co. of San Prancisco reported net profits of $26,- 093,658 for the 12 months ended June 30, equal. after preferred dividend re- quirements, common stock. For the 12 months ended June 30, 1936, the company had net profits of $22,936,850, or $2.38 a share. Republic Natural Gas. Republic Natural Gas Co. of Corpus Christi, Tex, reported a net income of $770.335 for the 12 months ended June 30, as compared with $297,045 for the previous 12-month period. Pitney-Bowes, Pitney-Bowes Postage Meter Co, for the six months ended June 30 reported net income of $266,027 before the undistributed prof- rtax, equal to 30 cents a com- mon share, against $224.096, or 25 cents a share, in the like 1936 period General Finance, General Finance Corp., Midwestern loan concern, for the eight come of £507.688 before the undistrib- uted profits surtax, equal after prefer- red dividends to 56 cents a cemmon share on 853,550 shares, agminst common shares in the like period & year earlier. Pepperell Mfz. Co. Pepperell Manufacturing Co., maker of cotton sheetings and other cotton | z00ds, with plants in New Engiand and | the South, for the fiscal year ended June 30 reported preliminary net in- | come of £2.104,000, equal to $21 64 a | common share, against £1.121.360, or $1153 a share, in the preceding fixcal vear. ¢ Wentworth Manufacturing Co. Wentworth ~ Manufacturing ~ Co., maker of women's dresses, with plants | at Fall River, Mass, and Chicago, re- | ported net profit for the nine months of $177.989 before the | Federal surtax, equal to 34 cents a | share on 409896 common shares com- pared with $261.042 or $2.54 a zhare on 102,474 shares of capital stock vear, Armstrong Cork Co. LANCASTER, Pa.. August 16 (#).— The Armstrong Cork Co. announced & net income of $3.089.360 for the first half of 1937, and reported that in spite | of the civil war it's Spanish subsidiary showed net profits in excess of those of a year ago. The reported net in- come amounted to $2.65 a share as compared to $138 a share for the first half of 1936, when the company's net income after interest. depreciation, and reserve for normal Federal in- come tax was $1.676,399. GENERAL MOTORS AWARDS CONTRACT | Construction of Large New Plant Near Trenton Expected to Cost $2.000,000. By the Aswnciated Press. TRENTON. N. J.. August 16.—Gen- eral Motors Corp. officials announced today that the contract for construc- tion of a new plant in Ewing Town- ship to be known as the Ternstedt Trenton division, had been awarded to {John McShain, Trenton builder. The amount of the contract was not disclosed. The proposed plant was valued at $2.000.000 in a building per- mit recently issued ‘The announcement, signed by E. F. Fisher, general manager of the Pisher Body Corp.. said the plant would in- clude 900.000 square feet of floor space, built chiefly in one story. Officials estimated 3,000 persons would be emploved in manufacturing automobile hardware. The anounce- ment said work would start this week to ready the plant for operation about January 1. BONDS TO BE DELIVERED. NEW YORK, August 16 (Special) —Definitive Panhandle Eastern Pipe Line Co. first mortgage and first lien bonds. series A, 4 per cent, due March L1 will be available for delivery against surrender of outstanding tem- porary bonds of that issue on and after today at the office of City Bank Farmers' Trust Co., 22 William street. New York, N. Y. PHILADELPHIA PRODUCE. PHILADELPHIA_ August 16 (#.— poultry—Fancy ~ Plymouth Rocks 2 mixed colors, 21-22° Leghorns fancy, 1 IR: average 8 old roosters, 18-17: Leghorn toosters 15-16: pullels’ Rocks 28; Reds White chickens. " Plymouth cross-bred Reds 2 e striney white “Pere old ducks, large, th -killed young. White Pekin Dressed poultry 1912-2672: chickens io1a Tooaters, Island. 13 grades. A1 score. 301 31; &R score. in boxes 311! score. 281y Fegs—1 810 cases: firm: extras “brow i1%3; standards. 24-25: 'Nos. 3°and 4. 921, exv(’ulnr better. white 20-2175. Todiom. standards METAL MARKET NEW YORK. August 16 (™ —Coppe steady: electrolytic_spot and future, 14,00, expori. 14.35 Tin sieady: spot nearby. 58.6215: ~ future. 50.25. steady; New York spor. 6.50-55, Lous. 8.35 Zinc steady spot and future Eastern 24.00: Alabema. 20.00 ¢in, 90 per cent, 20.00, Antimon ot 5.25. Quicksilver. #3.00-95.00 Imim: pure. K1.00: acheeiite. 53.00 nominai, I‘REIGHT LOADINGS NEW YORK. August 6 (P).-—Revenue freight carloadines on railroads reporting today for the week ended Augusi 14 in- cluded ust 14. Py wk. Yr Baltimore & Ohio 43374 B1 780 44 Rock Island____ 26541 27.407 24 , 2 " Buffaio Aluminum, vir- ago. k] 800 to $2.90 a share on the | | ity $239 866, or 38 cents a share, on 641,800 | | Wash' Gas | K | Natl then | outstanding, in the same period last | MONDAY, AUGUST 16, 1937. Bituminous Coal Output in U.S 7= o A Avlgg P FIN ANCLAL. CLIB FORECAST IN STEEL ORDERS Output Expected to Hold High Levels Until Up- turn Starts. Special Dispatch to The Btar, CLEVELAND, August 16—Opinion gains that the low point of the Sum- mer is here or has passed, as far as the steel market is econcerned. Yet production continues at a hign rate and there are few signs of it being reduced before Fall business comes to buttress mill books, says Steel Various factors APr‘d support to the | practically un ntiment among | steel producers that the Fail will bring | renewed buying from various sources While assurance of unchangzed price tends to lessen forward buving, con- INVESTMENT COMPANY STOCK INDEX HIGHER Special Dispaten to The Star. NEW YORK, August 16—Invest- ment companies’ common stock prices rose slightly the averages compiled by Distributors’ Group, Inc. The average for the common stocks for 10 leading management compa- nies influenced by the leverage factor atood at 2292 at the close of August 13, compared with 22.86 on August 6 The average of five mutual type investment funds closed at 17.42 on August Washington Exchange| SALES—AFTER CALL. | Potomac Elec. 51,7 pfd.—2 at 110% Washington Rwy. & Elec. pfd.—1 109. . Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid 1047, Asked Amer Tel & Tel Anacostia & Pot Anz & Pol Guar C. & P Tel of Va_5s Capital Traciion R R. 5% burban 5s Georgetowp, Gas Lt 55 Pot. Elec. Pow. 3! 3% 10k Washington Gas s 1960 Wasn. Rwy. & Flec. 45 MISCELLANEOUR Chevy Chase Club 18t 4'4x Col_Country_Club 4las . M. Cold Stora STOCKS PUBLIC UTILITY Tel & Tal_(0) Transit Co. 103 % Wacn Bieamboat (A) 108 Pot. Elec Pow A7 pfd. () *111is Po ‘El Po Al3% pf. (A 30) *110 Wash. Gas Lt new (120 281, Wash Ry. & El com (3f) *A90 Wash. Ry. & Fiec. pfd. (5) *10Rlq BANK AND TRUST COMPANY Amer Sec & Tr Co_(eR) 205 Bank of Bethesda (h75) 34 Capital (4) 140 Com. & Savi 210 Liberte (41 155 Lincoln (1625 Sav. & Tr Pr Georges Bk. & Tr. (50) Riggs (o%) Rigzs pfd (5) Washington (8) Wash. Loan & Tr. (eR) FIRE INSURANCE 4'as Amer 1207, Qupita 25 (e10) American ( Corcoran (5 Firemen's (1201 National Union (.60) TITLE INSURANCE Columbia (30 Real Betate (6 MISCFLLANEOUS Carpel Corp. (2 00) Lanston Monotype (+4) Lincoln Serv com Lincoln Service p'd Mergenthaler Lino Peoples Dr 8t com Peoples Dr St pf (A Real Fst. M &G ptd Securits Storaze (4 Ter Ref & Wh Corp Wdwd A Loth com Wdwd & Lath pfd *Bx dividend $Pine axiras e extra. +* e0 &5 18 43 48! e exira f1's T0c patd Jine 24 13 INVESTING COMPANIES Security Den) (Noon ' quotations.) Admin Pd 2nd Tnc Am Business Shrs Am Gen Fa Inc Am Ins Stocks Bancamer Biar Bankers Nat Inv Corp Basic_Industry Boston fund Inc Broad 8t Inv Buliock Pund orate Trust Corporate Trust AA Corp Tr AA mod Corp Tr Accum Ber Coro Tr Ace mod Cumuiative Tr Sh Depos Bk 8h N Y A Depos Ins Shrs A Depos Ins Shrs B Diversified Tr C Dividend Shrs Equity Corp $3 pf Fidelity Pund Inc First Boston_Corp Piscal Fund Bk Sh Fiscal Fund Ins Pixed Trust Sh A Pixed Trust Sh B Founo Tr Sh A Pund Investors Ine | Fund Tr Shrs A Funa Tr 8hrs B Gen Capital Corp Gen Tnvestors Tr Group Group Group Group Group Group Sec Agriculture Sec Automobile Sec Building Sec Chemical Sec Food Sec Invest Shre Group Sec Merchandise Group Sec Mining Group Sec Peirolenm Group Sec R R Equip Group Sec Steel Group Sec Tobacco Huron Holding Incorp Investors Insi] Sec. Bank Group Instl Sec. Insurance Investors Fd C Inc K Custodn B Custodn Custodn Keystone Custodn Kesstone Cuatodn Kevsione Custodn Maior Shrs Corp Maryland Fund Mass Invest Tr Mutual _Invest Nation Wide Sec Nation Wide Voting Natl Investors New England Pund N Y Bk Tr Shrs N Y Stocks, Bk Stocks N ¥ Stocks, Blog Supply N Y Stocks. Elec Equip N ¥ Stocks, Insurance N Y Stocks, Machinery N ¥ Stocks. R R Eauip _ N ¥ Stocks. Steel North Am Bond Tr etfs Nor Am Tr Shares Nor Am Tr Sh 1655 Nor Am Tr Sh | Nor Am Tr 8h 1 Plymouth Fund Inc Quarterly Income Sh Schoelikopf-Hutton & Pom Selected Am Sh Inc Selected Income Sh Sovereign Invest Spencer Trask Fund Stand Ar Tr Shrs Stand Uil Inc Super Super Super Super “.__. 225353333 B weEpmisaise BiSmmmmn 9 of Ar Tr A of Am Tr AA. of Am Tr B of Am Tr BB Super of Am Tr C Super of Am Tr D. Supervised Shrs Trustee Stand Inv C Trustee Stand Inv D Trusteed Am Bk B Trusteed Industry Shrs Wellington Fund GETS FEDERAL CONTRACT. NEW YORK, August 16 (Special). — E et Pt NS E e | Dam——»>me DI DA DDA Emerson Electric Co., St. Louis, an- | nounces that it has been awarded s contract by the United States Gov- ermment, Treasury Department, Pro- curement Division, for a large per- centage of the ‘Government's fan re- quirements for the 12-month period from September 1, 1937, to August 31, 1938. A \ last week, according to | 13, compared with 17.03 on | | August 6. PENNSY REPORTS INCREASE INNET |Half Year’s Total Reaches $12,700,749, Compared to $12,274,714 in 1936. By the Associated Press. NEW YORK, August 16—Pennsyl- vania Railroad Co., reported net in- | come for the six months ended June | 30 of $12,700.749, equal to 96 cents a | share on the capital stock, compared with revised net income of $12274.714, | or 93 cents a share in the like 1936 | period. Baltimore & Ohio. Baltimore & Ohio Railroad, for the first, 1037 half, reported net income of $11.7! equal to 2 cents a preferred | Ahnr: nzmn:v net loss of $1981,271 in | the like 1936 period Peerless Corp. Peerless Corp., Cleveland, brewer of beer and ale, reported consolidated profit for the quarter ended June 30 of $251.058 before Federal taxes, com- pared with profit of $54 815 in the same quarter last year. Profit for the first nine months of the fiscal year totaled $475104, against $4]1 463 a year ago. | V.-C. Chemical Corp. | Virginia-Carolina Chemical Corp., | manufacturer of fertilizers, with plants prificipally in the South, reported net profit for the vear ended June 30 of $1.254.040 equal to $587 a share on | 8 per cent participating preferred, rompared with $93 4, or 44 cents l‘ preferred share in the preceding year. | Boeing Airplane Co. with plants at Seattle and Wichita Kans, for the June quarter reported today net profit of $137.960 before the | Pederal wndistributed profits surtax equal to 24 cents a common share. againat $115.937, or 22 cents a share in the preceding quarter and $133.892, | or 25 cents a share in the like 1936 | quarter, Allied Mills. Allied Mills, Inc. and subsidiar makers of livestock feeds and d r products, with plants in the Midwest East and South, for the fiscal vear $2354.95¢ after the undisiributed profits surtax. equal to $2 66 a common | | share, against $2539.702, or $286 a {share in the preceding fiscal year. Utilities Power. Utilities Power & Light Corp. and subsidiaries with operating units in | the Midwest. East. South and Can- ada. for the 12 months ended June 30 | reported today eonsolidated net | $2.318.963 after the FPederal u tributed profits surtax. In the pre- ceding fiseal vear, consolidated net loss was $1.730.819 Detroit Edison. | Detroit Edison Co., for the 12 months ended July 31. reported consolidated net income of $10883.133 against $11,- 047,459 in the preceding 12 months, ' Monsanto Chemical. Monsanto Chemical Co. and sub- | sidiaries, with plants in the South East and Midwest, for the June quar- ter reported net profit of $1.441.405 after the undistributed profits surtax equal 10 $129 a common share, a new record high. This compared with $1.333.854, or $1.20 a share in the preceding quarter and $1.035.730, or 93 cents a share in the June, 1936, quarter. s nf E. L. Bruce Co. E I Bruce Co, lumber firm. with plants in Tennessee, Arkansas. Illinois, | Michigan and Canada, for the fiscal vear ended June 30, reported prelimi- nary consolidated net income of $402 - 157 after the undistributed profits | surtax, equal to $243 a common | share. against $223.107. or 95 cents | & share in the preceding fiscal year. United Engineering. United Engineering & Foundry Co, makers of steel mill machinery, with | plants in Pennsylvania and Ohio, for the six months ended June 30 reported net profit of $2.166,173 before the un- | distributed profits surtax, equal to $261 & common share, against $1.- | 293231, or $1.55 a share, in the first | 1936 half. The Fair, The Fair, Chicago department store reported net loss for the six months | ended July 31 of $6.260 before Federal taxes compared with profit of $21,466 in the like period last year. ‘ First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments MEMBER. BUILOING & LOMN AsSOCIATION CouNeiL of D.C Permarent BUILDING ASSOCIATION UNDER “SUDLRVISION U.S. TREASURY 949 NINTH STREET, NW. | Electrie and Til Boeing Airplane Co. and subsidiaries, w;' ended June 30 reported net profit of | 14 COMMONWEALTH EDISO PLANS STOCK SPLIT-UP the Associated Press CHICAGO, August ment to articles of incorporation w the secretary from $100 to §25 and providing fo four-for-one split-up of the shares Trading in the new $25 par va shares was effective today on Chicago Stock Exchange and the New York Curb. This is part of Edison’s progr acqu of Public Sers nois now It is the first step in the pro for financial and corpor Public am ice Co, hse d p! nion Co. with Edison. INSURANCE STOCKS New York Acked i ,2{:».,5 f0a Glone Great Amer (1a) Hanover 11 A0 ford Fire Home Pire Sec | Home Tn: (T omestead nickerbocker (R0 Lincoln Pire Marviand Cas Mass Bond 12080 Also »x Decia a or exirac @ or paid 5o far i (‘HI(‘AGO LIVE STOCK. davs aver lower: top or Y pounds 10-270" pou ®ood packing Catle grain-fed 5 higher kinds crop £00d cattle arades ment 17.000: calves and oads most oads best light ' vearl Ik steer crop comprises med Rrades. bidding 5 lower on also bearing down on com nless these suitable for rap purposee stocker and feede Active arid firm meats well-bred Texas calves and vear 0.25 | grassy a ctly g ealers steady Money for Construction Loans and Loans on Existing Properties 5%, FIRST DEED OF TRUST ONLY GEORGEI. BORGER 643 Indiana Ave. N.W. Nat’'l 0350 16—The Com- monwealth Edison Co. filed an amend- | of State Saturday chang- {Ing the par value of the capital stock 1g common and preferred stock of Northern Illi- the hands of the public Service, Western United Gas & inois Northern Utilities sumer goods are moving well and stocks of ateel eir production are not believed to be la Heavy grain crops, supporting farm purchasing power, are being reflected in the implement and tractor trade, as well as er consumer goods Railroads are preparing to buy more sipment and rails, though this prob- will come late in the year. Ship- lding offers some substantial ton- nage prospects and indu is more active tha some time Producers of tin and plates have considerable ness on books and bt rate Bars are | less promi being | less than del N ith | | oil ral of ate, sheets the | bus t demand of brin both for ed products. derwent little national rate to 84 per distriet lost and Bastern S tonnage fac lan slworks operations of week, the poin ingstown cent The Yo two points to 78 per Peninsy cent regained 10 points | Wheeling moved centers ned Det r cent and to 94. Other the rates of the 83, Chie important merchant T Gevelops that sellers in the East vor an increase of $1. Some an- nouncement is expected to be made about September 1. ron n Operations Decline. NEW YORK 8 Operations in ind: rv for the current week declined 14 points to 832 per of capacity, eom- pared with 84 6 per cent last week, the American Tron & Steel Institute esti- | mated today A month | 825 per cent ago the rate was The drop ited in slackening of sh ducers incident manufacture of new Considering the has been the opinion of most obser Aside from siackening of steel 10 the mntor industry been consuming abo the total this vear, m near completion in rol the stee] cent agn operations of capacity 722 stee trade pments averaged e a year per cent nperations partly to moter pro- preparations for models product up wel ers n war circles o recently in the fiaw of which has 20 per cent of were reported ng ra The Fiji islands number more than 200 ——— MONEY TO LOAN ON REAL ESTATE IST DEED OF TRUST ONLY ROBERT W. SAVAGE 807 UNTON TRUST BLDG NAT. 3830 REFINANCE YOUR APARTMENT HOUSE On @ convenient, sound loon plon et @ reoson- able interest rate SHANNON & LUCHS Morteage Loan Correspondents Tnvestors Avndicate 1505 H $t. N.W. Natl. 2345 Consider These Facts When You Wish To Arrange A [ LOANS on improved or to be improved real estate— as iow as ‘t7.50 per thousand per month including interest and curtail . . . No commis- sions . No renewal fees. Let us help you solve your problem with a Perpetual loan. PERPETUAL Building Association is the largest in Washington, and one of theleadersinthe entire United States. PERPETUAL has over 55,000 bor- rowing and savings members. PERPETUAL'S Board of Directors keep. in close contact with the officers and materially assist in the speedy handling of loans. PERPETUAL'S regular examinations by the U. § Treasury Dept. are sup- plemented by special C.P.A. audits as well as its own Auditing staff. PERPETUAL has always had a rep- 11th & E STREETS, N. Largest In Washington=As ARTHUR G. BISHOP Chairman of The Board MARVIN A. CUSTIS utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year, totaling over $12.000 000 for the year ETUAL ASSOCIATION W. ESTABLISHED 1881 s Over $43,000,000 EDWARD C. BALTZ President Secretary