Evening Star Newspaper, August 17, 1937, Page 15

FINANCIAL. APANESE BONDS AGAIN RETREAT .osses Up to Eight Points Shown on Reports of Shanghai Battle. Bond Averages 20 10 10 10 Rails. Indust_Util. F'en Net change. —.1 Unc. Unc. Today noon. 91.0103.1 98.4 y--- 91.1103.1 98.4 Month ago-- 92.8102.9 97.3 Year ago... 94.1103.5102.6 1937 high .. 99.0 104.4 102.8 9091022 958 98.2104.4103.1 86.9101.8 99.3 67.6 458 40.0 646 422 1928 high_.__101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon 111.0 Prev. day. 111.2 Month ago 1107 Year ago. 111.9 1937 high. 113.7 1937 low.. 108.4 1936 high. 113.5 1936 low.. 110.2 1928 high. 104.4 1932 low.. 86.8 .7 72.3 72.9 69.6 T4.7 70.5 3.0 \ (Compiled by the Associated Press.) y the Associated Press. NEW YORK, August 17.—Japanese nds continued to roll up losses today Fith declines at midafternoon ranging p to 8 points as new Shanghai fight- g was reported. Sharpest drops were registered by reat Consolidated Electric Power Japan) Ts of '44 and 6'is of 50, okio Electric Power & Light 6s of '53, Jigawa Electric Power 7s of '45, and apanese Government 6'.s. Trading in the Japanese issues was f only moderate volume, but stood out the thin general market. American and Foreign Power 5s dip- ed. The company controls Shanghai ower Co. Domestic corporate bonds held to an en course. Fractional losses near e close outnumbered gains. Alle- [hany 5s of '49 were up slightly, along th American Telephone and Tele- raph 314s. Rallroads eased slightly. Fraction- lly lower were Baltimore & Ohio 4125 d Northwestern 47;s. United States Governments were -32 of a point higher to 5-32 lower. EW YORK BANK STOCKS NEW YORK. Aueust 17 (P .—New York urity Dealers’ Association (Quotations as of 2 o'clock Acked ank of Manhattan (113) 3 ankers Trust () rooklyn Trust (3) n Han Bank & Tr (4) hase National (1401 ational Y Trust (5) blic_(1'28) tle @ & FEDERAL LAND BANKS NEW YORK. August 17 (P.—Federal nd Bank bonds. Bid 10334 10078 10215 10078 Asked. 104 10078 10078 FOREIGN MARKETS. LONDON. August 17 ().—Stocks con- ued to exhibit a weak tone today &s 1ling orders predominated in all sections the list. due to the latest war news om the Far Eest. Ol is were in supply. especially Mexican Eagle following rumors that this company going to close its Mexican refinery. dustrials closed lower. shipping and steel ares leading the decline. Trans-At- nuc securities European bonds ~and ining shares ed lower and Far stern quotations were nominal. PARIS. —The Bourse closed with a ixed tone, with prices generally lower ntes lost to centimes and Bank France shares declined 200 francs. pyal Dutch was also lower, while Suez nal moved up 30 francs. FOREIGN EXCHANGES. NEW YORK August 17 (#.—Foreign change steady: Great Britain in dollars, hers in cents. Great Britain, demand. 3: regigered’ 27 md 55. 15’1. Norway, 70. 'Den § Spain. unauoted: Po Gre: 9113: Poland. 18.93: echoslovakln. 349 Yugoslayi R.87n:" Hungal Argentina gal, 4.53 ece. onireal I New York 50.66% Montreal. 100.03%s. n—Nominal. .. U. S. TREASURY POSITION. v the Associated Press. The Position of the Treasury Ausust 14 Cogioms recelmte: for the month: 15 665,008 13 Receipts for the fiscal year (since July 5,880,756 44 expenditur, 83, including $280.410.687 Eruency. expenditizes 5 i gros increase us_day including $. 18T Inactive o, an [REICHSBANK STATEMENT. BERLIN. August 17 (P.—The Reichs- nk statement as of August 16 shows the pliowing changes (in thousands of reic arks): Notes in circulation. 4 crease. 110.000. Gold, 69,312 Foreign _currency reserves. ) Other bills of exchange and 4.871.665: decrease. 11 an: ney to notes. 1.6 Der cent. Rate of i punt. 4 per cent. NEW YORK PRODUCE. YORK. August 17 (P).—Eggs, 17 i, steady to Mixed colors. spec 2; 31/, average checks. RECE mixed prices unchanged Butter, 15.607; fi rmer. Creamery. high- than ‘extra & B: firats ds (84-87 scores), score), 31Vs Cheese. 488.543: hanged Dressed poultry firm poxes). \zzrgllaeas. b !rnr! %5- pasters. " -54 Ibs.. 207 Ihs. 153 Ya. trozén turkeys (Norihwesters, West- n and Southwestern), 15-31. NEW 32%0: sece Centralized firm. Prices un- Fresh chickens METAL MARKET. YORK. August 17 (%).—f electrolyilc spot and future. -Copper 1000: atunin Steady; spol and near future.’ 59.40." Lea New York. 6 Enst 8t 38, e e, steady: spot. East St. d tutu . Quicksilver. on. aluminum: antimony, platinum and heelite unchanged. jet: port ot. ODD-LOT DEALINGS. v the Associated Press. The Securities Commission reported to- y these transactions by customers with fid-lot, dealers or spectalists on the New ork Btock Exchange for August 1 e rhases involying 87111 sharel les, involving 74.397 share: RUBBER FUTURES. YORK, August 17 (#.—Crude pJutures opened irresulat 4 Nikher . September. 18.15: December. .32~ 35 Mareh, By private wire direct $o The Star. Approximate Transactions Today. U S Gov't Bonds 330,000 Foreign Bonds 1,100,000 Domestic Bonds 3,890,000 TREASURY. High. Low. Close. 98.26 98,24 98.24 102.31 10229 102,29 101.2 101.2 101.2 100.5 100.5 100.5 100.5 100.3 100.5 101.4 101.2 101.4 104,14 104.14 104.14 103.7 103.7 103.7 105.14 105.14 105.14 105.4 105.4 105.4 106.18 106.16 106.18 106.21 106.24 107.12 107.12 - 112,10 112,13 6“!-3%!’43-45 .26 106.23 106.25 4348 1947-52 ___ 116.22 116.22 116.22 FEDERAL FARM MORTGAGE. 238194247 ___ 1028 1028 102. 8 HOME OWNERS’ LOAN. 2Um1942-44 100.21 100.21 100.21 2%81939-49_ 101, 100.30 100.30 351962 - 102.26 102.23 102.23 FOREIGN BONDS. Hizh Abitibl Pa&Pw £8°53 983, Adriatic Elec 7s'62 83 Agr Mtg Bk Col 6847 23% Agr Mtg Bk Col 68'48 235, Akershus 55 63 991y Antioquia 7s 45 A 123, Antioquia 7s 45 C 123 Antwerp 5s '58 . 1008, Antioguia 7s 45 D. 123 Argentine 48°72 94% A-gentine 4%s'T1___ 1017 Argentine 6857 A __ 1004 Argentine 68 °59 Oct . 1001 Argentine 63 '60 May. 1014% Argentine 6s°60 Oct 1004 Argentine 6s 61 May. 10013 Australia 4%s'56___. 103 Australia bs 109 Australia 6367 10815 Austrian 7s 57 104% | Belgtum 6s ‘55 - 1091 Belgium 618 ‘49 | Berlin Elec 6s 2%81949-53___ 298 1945-47____ 23,8 1948-5 28,8 1951-54__. 23,8 1956-59 2%8 1956-60 351946-48_ 33 1951-65 | 348 1946-49 3%481949-52_ 33m 1941 338 1944-46__ | 3% 1943-47_ 431944-54 Brazil 85 41 Brisbane 58 '67.. Brisbane 5s " Budapest 6562 Buesnos A 3s’ Buenos A C 61,8 '55__ Buen A 4%4-4 %5877 _ Buenos A 4145’76 Aug Buenos Alres 43%8-45:.8'76 April Buenos A4, 8-4 3875 Bulgaria 78 67 Canada 2148 "45_ Canada 3s '67 Canada 3%s'61. Canada 4s '60 . Canada 6s '53.. Chile 6s'60 Chile 6s°62 Chile 6s 63 . Chile 65'61 Jan Chile 63 '61 Febr._. Chile 6s'61 Sept. Chile Ts 42 Chile Mtz Bk 6562 _ Chinese Gv Ry 5s'51_ }Pnlnml\)n 68 61 Jan _ A\(‘nl Mig Bk 7s Copenhagen 415853 Cordoba 7s 42 prv._ Cuba 5%s 45 Denmark 41:8 62 Denmark 51;s '55 | Denmark 6s 42 Dominic 15t 51,842 | Estonia 7s"67___ Finland 6545 | Frankfort 6138 '53_ Ger C Bk A 6538 & Ger C Bk A 6s'60 Oct._ Ger Gov 5%s 65 st Ger Gov 5125'65 un st con Ag 612838 | GrtC ElJap 61250~ L 1004 96 63 1011 21 2 1001, a6 63% 1014 102% < 10614 76% 991% 10614 24% 404 39%, | 2914 | Grt CEl Jap 7s 44 Ger Prv & City Bank Ger Rep7s 49 unst_. Greek Gov 65 '68._. Haiti 6552 Italy 78 ‘51 Ital Crd P W 7s'47 B_ Ital P U Crd 7s ‘52 Japan 63%8 6o __ Japan 63%s 54 Jugos Mt Bk 7s'67__ Karstadt 65 '43 Kars 6343 ct st prin_ Kreug&Toll 55 ‘59 cfs Mexica 4s ‘54 asst___. Milan 615s 62 Minas Gers 64 '68 Nord Ry 6% ‘60 Norway 4s 63 Norway 4%s '65 Norway 41:s 56 Norway 6s 43 Norway 6s '44 % Norw Hy E1 6%s 67 Oriental Dev 5% ‘68 Oriental Dev 6s'53 Panama 6s'63 stp as_ Paris Orl Ry 61568 Pernambuco 78 "'47__. Peru 6560 Peru 6861 Peru 7s°59 Poland 6840 Poland 7s'47 Poland 88 50 Porto Alegre 8s°61.. Queensland 6547 Rhine Rhur 6s '53 Rhine W El P 68 '53 Riode Jan 6348 53 Rio de Jan 8546 Rio Gr do Sul 68 '6| Roumania 7869 ____ Sao Paulo St 6s'68___ Sao Paulo St Sao Paulo St 78 '56_ Sao Paulo St 88 '36._. Sao Paulo St 8s '60_. Serbs 7862 Serbs 85 '62 Shin'su E P 6% Stemens & H 6158 '51. Sydney 5%s 55 _ __ 105% Tatwan Elec 6%8°71. 68 TokiobY%s 61 68% Tokio E L Ltd 68 '53_. 71% Trondhiem 5155 '57__ 102% Ujlgawa EP 7845 __ 89% Un Stl Wks 6,851 A 31% Uruguay 6s 60 671 Uruguay 8s 46_ 70% Warsaw 7s ‘58 3% Westphal E P 6863 26% Yokohoma €s '61_ 2% COMESTIC BONDS. Adm Exp 41(5'46 std 104 104 Alleg Corp bs "44 93 Alleg Corp b8 49 8613 Alleg Corp bg ‘50 stp 57 Allied Stores 414861 97y% Am & For Pw 68 2030 6% Am Icecv 58563 100 Am1GChby%e 49 . 106% Am Intl 6%s 49 105% AmT& T 3%s ‘61 100% AmT & T 3%s 66 ... 9915 AmT&T 4%s 39 104% AmT&T5%s 43 111% Am Wat Wks 63 °'75__ 108% Anaconda deb ¢3%s 50 Anglo-Chil Nit 78 '67 Armour(Del)1st 48'65 Armour (Del) 43 57 A T&S Fe gen Atla&ChA L Atl Coast L s AtICLun ¢%s'64 Atlantic & D 1st4s’48 At1G & W 18t 68°'69_. 30 334 10074 3014 4 7614 2815 - 101% 100% 1013 100 10214 1013 100% 1021 107% 106'% 100% 65 67 621 9T 2615 19% 19 21% 60"1 106 100% 100% 67 6 72 621 9% 26y 55 105% 105% 65 65 10212 1021 88 88 31% 314 67 674 691 694 538% 538 25% 25% 66 664 104 TT% 0 107 106% ref bs 95 A. 68 96 F . ref 632000 D._ Orefés 95C . B& O PLE&W Vis4l B&OSwnbs 60 . Bang&Aroos 4s ‘51 Bang&Aroos 4s'518tp Battle Crk & St 3s'89 Bell T of Pa bs 48 B Bell Tel of Pa 65’60 C Beth Steel 3% s 66 __ Bath Steel 4% s 60___ Bos & Me 63 ‘67 BotCon M 6%8°34___ Bklyn Ed con 3% 866 Bklyn Man T ¢%s ‘66 8 Bklyn Un E1 6860 .. 101 100% 100% Bklyn Un Gas 116 115 115 Bklyn Un G 106 106 lflf Al 1051 | | Des M&Ft D 4 |Dulss & THE EVENING STAR, WASHINGTON, D. C, BONDS ON N. Y. STOCK EXCHANGE High. Low. Close. Buff R&P con ¢148'67 Bush T Bldg 5860 Cai Can'dian NR 4338 ‘66 Can'dian NR 4% ‘65 Can’dian NR58'69 Oct Can‘'dian P db 48 perp Can'dian Pac 4%s 46 Can‘dian Pac 4%s ‘60 Can'dian P 6s 44 cfs_ Can’'dian Pac 68’64 _ CaroCi& O 6862 A . Carth & Ad 45°81 gtd. Cent Br U P 4848 Cent [11 Lt 31,8 66 Cent of N J gen bs '87 Cent of NJ ¢n 68'87rg. Cent Pac 68 '60 Cert'ddeb53%s'48 _ Champ P&F 43850 Ches & O 3%s 96 B C& O gen 41,892 1 C & O R&A 1st 45 Chi & Altref 33 49 9% 67% 113% 114% 1168, 119% 5% 104% 103% 114% 1074 Chi B&Q 4%s 17 Chi B&QI div 3% '49 Chi & E 111 bs ‘61 Chi Grt West 48°69 Chi I1&L gen 53 66 . Chi Ind & So 48 ‘566 _. CM&StPu4s 89 - CM&StP gn 4%s'89 C CM&StP 4328 8 E__ CM&DStPos'76 ~ CM&StP&P adj5s2000 Chi & NW gen 31;35'87 Chi & NW gen 45 '87_. Chi & NW 44,8 2037_ Chi & NW 43,8 49 Chi & NW gen 63’87 Ch1 & NW rf 6s 2037 _ C&NW Nr W 6%s '36. Chi Rys 1st 582 L Chi R I&P rf 48 34 _ Chi R 1&P gen 45 '88_ Chi R I1&P 4% 852 Chi RI&P 42852 ctf. Chi R I1&P ¢}48 60 _ Chi UnSta3%s 63 E Chi Un Sta 48 63 ____. Chi & W Incon 4s 62 Chi& W Ind 4%s 62. Childs & Co 58 43 CinG& E3%s 66 Cin Un T 3%s Dgtd_. CCC&St L gen 48 93 CCC&SLL It 414877B CCC&StLgn 55 '41 B Clev Un Ter 4348 77 Clev Un Ter 618’724 Colo & So 4% 80 Columma G & E deb 5352 April____ Columbia G&E bs 61_ Colum Ry P&L 4s ‘65 Comecl Credit 3%s 51 Com Inv Tr3i; ; b Cons EAN Y 3%8°56. Cons Gas NY 4138 '51 Consol O11 3%s 51 Consum Pwr 3% 8’66 Consum P un 318’65 Container deb 6s 43 __ 103% 10214 BT 1014 1043 101y | Container 6s 46 Crane Co 313851 - Cuba Northn 6%s 42 Cuba RR 1st 5852 __ Del & Hud ref 4s 43_ Den & R G con 4836 5 ofs) Det Riv Tun 43s '61_ Atbs Duquesne Lt 31¢s ‘65 Ed El 111 Bklyn 45 '39 Elec Auto Lite 4s 52 Erie & Jersey 65 '35~ Fairbks Morse 4s 56 | Fed Lt&Tr 5542 Fla EC Ry 6374 Fla ECRy 5574 ctfs Gen Mot Acc 38°45 __ Gen Mot Acc 3% s ‘51 Gen Stl Cast 5158 '49_ Goodrich 438 '56 ___ Goodrich 6s 45 Goodvear T&R bs '67. Grt Nr Ry 3%1°67 Great N Ry 48 46 G__ Grt NRy4s 46 H Grt NRrf 438’61 A_ GtNRgn4%s'76 D_ Grt NRgn 48’17 E Grt NR5%s'62B Green Bay deb ctfs A_ Gulf States Util 45’66 Har Ry PC1 st4s '54_ Hoe (R) 1st mtg '44__ Houston Ol 6%s 40 Hudson Coal 68’52 __ Hud & Man inc 6s ‘57_ Hud & Man ref 5s '57_ 111 Bell Tel 3%8°70 __ [11 Cent col tr 45°53__ I11 Cent 4% s '66 111 Cent ref 48°55 111 Cent St L 3%s'5 ICC&St LN O 4%8'63 ICC&St LN O 6863 [11 Steel deb 43,840 Inland St1 3%s'61 __ Interlake lron 4s '47_ IntRT 6s'32 e Int Grt Nr6s'52 A __ Int Grt Nr adj 6#'62 A Int Hydro Elec 65 '44. Int Mer Marine 6s°41 Int Pap 1st 6347 A__ Int Papref 6s'656 ___ IntlRy CA 614847 Int T&T cv 4%m°'39__. Int T&T 4%s'63_____ Int T&T 68’66 James F & C4s’39___ Jones&L Stl 4% w'61A Kans C So 1st 3850 __ Kans City So ref 6850 Kresge Found 4s "45_. Laclede G 5% Laclede G 5% Laclede Gas 68 42 A_. LE& West'n3s'47 _. Lake S&M So 3%s 97 Lake S&MS 31,5'97rg Lautaro Nit 19768 __. Leh C&N 4%s°'54 A__ Leh C&N 414s'54 C Leh Val Coal 5574 Leh Val Coal 6s°38 _ Leh V NY ¢3%840 gtd Leh V P con 48 2003 Leh V P con 418 2003 Leh V RR con bs 2003 Leh Val Term 6s'41__ Ligg & Myers b8 '51_. Loew's 314,846 Lorillard 6s°51 Lorillard 7s'44__. La & Ark 6s 69 _ L & Nash 3%s 2003__. L & N 1st 452003 L & N unif 4s'40 L&N4%s2003C_ McCrory Strs 58 °61__ McKess&Rob b %860 MeC RRclt 4545 A _ MeC RRgn4%s'60 A Mead Co 68 45 Met Ed 1St rf 43868 Mil E] R&L 68 '61 5 Mil E1 R&S L rf &s" 'Il MStP&SSM cn 48 MStP&SSM cn bs '38 MStP&SSM bs '38 gtd MoK & T 1st 48 '90 Mo K & T adj 6s'67 Mo Pac 4876 ... Mo Pac 6865 A Mo Pac 6877 F e Mo Pac 65'78 G cceee Mo Pacific 65' 81 I, MoPacb%s 49 A__.. Mob & Ohlo 4%8s'77_. Mob & Ohio 6538 __. Mob & Oh M div 5s°47. Mohawk & M 4s°'91 Monong Ry 1st Monong Pub 8 6 Mont Pwr 3% s 6 Mont Tram bs 41 Morris&kEssex bs Namm & Sons ¢s 43 _. Nllh' C&St L 4878 _ isau Elec 45'61 std N 1 Dairy 3% s'6lww Natl Dis PC4%s 45 Natl Steel 43 €5 - Naugatuck 1st 45’54 _ New E T&T 1st 68 °'52 New Jer P&L 4148 ‘60 New Orl PS 6362 A New Or Ter 1st 4853 New Orl T&M 65°54 B N Y Central 3% s'62_ NY Central 3%s 46 _ NY Cent rf 4348 2013_ NYCrf4%82013n_ NY Cent rf b8 201: 10474 663 66% 5614 NYChi&StL ¢s ll.. 104% NYC&St L ¢%s ;l 88 8% €7% 113% 1148 116% 119% 95 104% 103 114% 1074 111 10243 10413 106 % 10813 1003 % 1031y « 101 105 102 4814 49 867y 1074 10718 2613 6% (1143 3414 10618 1045 109 8% 674 113% 114% 116% 119% 95% 104% 103 114% 107 111 101 10815 109% 103ty 102 864 101% 1044 10115 9214 116 103 110 65 101 100 106% 98y 10215 1044 1064 1035 100% 1031 101% 105 102 4814 49 8674 1071 10714 4 106Y% 1074% 1054, 1034 2415 102% 914k 40% 104% 1067% 106% 80 4 124% 107% 99 92 50% 107% 103% 9% 104 86 ‘SK I { 721 | 62 T6% 9415 70 75 107% 106 103% 80 124% 107% 99y 92 50% 107% 103% 8% 87% 97 89% 89% 104% 85 8% StLRM&P 58°55 | Shell Un deb 314 | Silesian Am 7s '41 High. Low. 98y 98Y 59% ! 659% Clos NYChi&StL6s°38 NY Dock 1st 4s ‘51 NY Dock 6s'38 61 61 NY Edison 3%s°656 D. 101 100% NY G El HEP 4s°49__ 114% 114% NY NH & H 4s ‘56 344 344% NY NH & H 458’67 19% 19% NYNH& Hecltr6s'40 55% b55'% NYNH&Hcv 6848 37% 375 NY O&W gen 56.. 13%% 13% NY O&W ref ¢4s 92 __ 19% 4. 106 NY S&W gen 5340 15% NY Tel gen 4148 '39_, 107% NY W&B 4% 546 - A 12 Niag Falls P 3% s 66 Norf S 18t rf58'61 efs. North Am Co 5861 North Am Ed 5s ‘69 C North Am Ed 6% s'63 Nor'n Pac gen 38 2047 Nor'n Pac4s'97 ____. Nor'n Pac 45’97 rg. Nor'n Pac 4% s 2047 Nor’'n Pac 68 2047 D. Nor'n Pac 68 2047 ____ Ohio Edison 4865 __ Ohio Pub Sve 7847 Ohifo Pub Sve 714846 Oreg RR&N 48746 _ Oreg Sh L §s'46 gtd. Oreg W RR 4s 61._ Otis Steel 43,3 '62_ Pac Gas & E13%s'668 PacG&E3%s'61___ PacG & E 4564 o Pac T&Trf3%s'66 B Pac T&T 3%s'66C _ Panhand EPL 4s '52._. Param’t Pic 3%, "47 Paramount Pig 6s '55 PennCo3%s’'41 B___ Penn Co 4s ‘63 Penn O & D 4%s ) PennP&L 4%s'81__ Penn RR3%s w1 104 23% 104 104Y% 1037 T4% 4 104 102 9514 100% 110 105 111% 110 112 1187 1067% 9% 9914 104 107 101% 1011y 1004 921, 100 110 105% 111% 110 112 119 107 92 100 104 107% 101 101 100% 934, 1001% 10312 10313 108 103 1054 105% 1027 10214 10563 10 Ve 997% 107 107% 120 111 U)l el 107% 120 11 102 1011 117% 117% 4114 90 1091 941 1001, T4 116% 113 995, 104 24'% 101 25% 1114y 100 6313 201 s 103% 95% 4 1061 2 107 . 1725 97%, 961, 2 1191, (1038 Penn RR 4%s 84 Penn RR con 4%s *60 Penn RR gn 41565 Penn RR deb 4148 '70 Penn RR gen 6s'68 People GL&C rf 5547 Peoria & F 1st 4 Peoria Pek U Pere Marq 414580 _ Pera Mara 1st bs ‘56 Phelps Dodge 3% Phila B&W Phila Co 58 '67 Phila Elec 3%8'67 _ Phila & R C&1 6873 _. Phila & R C&1 68 '49_. Philippine Ry 4s°37 . PCC&St L 4% 8'42 B_ Pitts C & 1 U~,=' 2 A Port Gen El 4 %8 ‘60 Postal Tel & C 6368 Potomac El P 38 '66 Reading Jer C 48 51 Reading R 414897 A Rem-Rand 4% 8 66ww Republic Stl 4348 '50_ Republic Stl 4348 '66_ Republic Stl 4158 "61_ Republic Stl 538 '54_ Revere Cop 41,856 RG W 1st ex in 48 ‘39 RIA&L Ist4t:s 34_. Rutland RR 435 "41- feway Stores 4547 aguenay Pw 41,866 LIM&S R&G 45°33 52 165 22 410314 10105 St L-S Fran 4s 60 A . St Li-S F 4850 A ctfs F58°50 B ctfs_ W Ist 45°89 W 2d4s'89 W gn rf 5890 StPKCSL41;8'41 San A & A Pass 48 43 Seabd A L 45 "30 stp__ Seabd A L, ref 4559 Seabd A L adj 5849 Seand A L 6345 A Seabd A L 68 45 cti | Seabd A-F168°35 A ct Sharon Stlcv 415851 51. Simmons Co 4s'52 Skelly Ol 48°61 ____ Socony Vac 3%s°50 Sou Bell T&T 3%s '62 Southn Cal Gas 4s '65 Southn Cal G 4248°61 South Craft 414,846 _. South Nat G 4%4s'61_ So Pac 3%s 46 So Pac col 48'49__. So Pac ref 4s°55. So Pac 4148 '68 So Pac 4%8s 69 So Pac 4%;s ‘81 So Pac Oreg ¢%8°77_ So Pac S F Ter 4s '50_ So Ry gen 48°'56 A So Rv 55’94 So Ry 55 '94 reg. So Ry 614856 So Ry M& O 4538 S W Bell Tel 3345 ‘64 Staley A E 4s 46 _ Stand Oil N J 3561 | Studebaker cv €345 Tenn El Pw 65 47 A Term As St L 4853 Texarkana 5348 ‘50 Texas Corp 313861 __ Texas & Pac 5s 80 D_ Third Av ref 4 Third A ad in ex 58’66 Tide Wat Oil 3% s'52_ Un Oil of Cal 3%s '52. Union Pac3%s'70 Union Pac 3%8°'71 Un Pac 1st rf 48 2008. United Drug 6s'63 U S Rubber 63 '47_ Utah P & L bi Util P& L 6359 ww_. Ul P& L 6% '47__ Vanadium cv 5s “41_ Ver Sug 1st 78’42 ctfs Va E& P 1strf 4s'55. Va Ry 15t 3%s 66 A_. VaS Wconbs'58__.. Wabash 414878 Wabash 1st 68 39 Wabash 2d 5s'39._. Wabash 6s 76 B _ Wabash 5876 B ct Wabash 68 '80 D Wabash b148 75__ Wabash Oma 3148 '41. Walker H&S %8 '45_ Walworth 48656 _ Warner Broscv 6s Warner-Quin 6s'39 _ West Penn P 3%8'66. W Sh 1st 48 2061 gtd._ West'n Md 1st 4s°52_ Westn Md 6%s ‘77 Westn Pac 68 46 A_ West'n Pac 5546 A as West'n Un 43860 _ Westn Un cl tr 65’38 Westn Un 6s 51_. West'n Un 6360 Wh & L E con 4s W Sp Stl 1st 78°35 et W Sp Stl con 78 '35 ct. Wilson & Co 4s'55. Wis Cent 1st gn 4s'49 Y’'ngstn S&T 33%s ‘51 ¥'ngstn S&T 48 100% 107 31% 3115 881 101% 89% 88% 112% 3914 4015 10314 2215 148% 147% 147% 103% 103% 103% SHARES CAN BE TRADED. NEW YORK, August 17 (Special). —Allied Kid Co. announces that its application for listing its comon stock on the New -York Stock Exchange, mentioned as pending in its recent report for the fiscal year ended June 30, 1937, has received final approval and the shares may now be traded on that Exchange. BOSTON WOOL MARKET. BOSTON. August 17 (P (United States Deparument ~of ~Agriculture).—A waiting attitude predominated in the wool market today. Buyers apparently made no effort to accumulate wool and their interest in the market extended only to an occasional inquiry. Dealers showed willingness to await de- velopments in the goods market and hered to prices asked for the past several weeks. MONEY MARKET. NEW YORK. August 17 (®.—Call money steady: day. “Prime commercial paper. 1 per cent. Time loans steady: 60-90 days, four-six_months, 1%2 per cent. Dlnl!l’l' acceptances un- changed. Rediscount rate, New York Re- serve Bank, 1% per cent. xommr.— SILVER. ll l‘l ). —‘“V!r lljbb. | track (=22 DALY OIL UTPUT UP 41,862 BARRELS Oklahoma Reports Decline, but Texas Discloses Large Increase. By the Associated Press. TULSA, Okla.,, August 17.—Average production of crude oil in the United States during the week ended August 14 showed an increase of 41,882 barrels daily to a daily average of 3,710,491 barrels, the Oil and Gas Journal re- ported today. Oklahoma registered a decrease of 5200 barrels daily to an average of 648,925. East Texas had a decrease of 3,226 barrels daily to 475,397, and the State of Texas increased 47,672 to 1,- 534,239 barrels daily. Louisiana’s production dropped 545 barrels daily to 261,685, and California declined 830 barrels daily to 672,300. Kansas had an increase of 1,000 bar- rels daily for an average of 206,050, Eastern States, including Michigan, had an increase of 565 barrels daily to 167,282. The Rocky Mountain section registered an increase of 710 barrels daily for an average of 74,520 barrels daily. Washington Produce BUTTER—9? nmrc I -pound prints. 36: 14-pound prints, tub, 35; 80 score, Japound prints” 45: ta-pound prints, 6 tub, 34, marke MEATS “Clioice. Bect, 25: calves. 17: veal, 19 FaH lamb. \mAw 15 fresh Dork. 3. fr - pork. pork loin, 2 fresh hams. smoked ham bacon. i LIVE ST 113a17 11'2al1%: heavies stags. Gai. calves. Ref) Prices paid shippers net fob. Wash- ington. By the United States Bureau of Agricultural Economics EGGS-—Market steady to firm. Prices on United States Government graded eggs '2 cent higher. Nearbys unchanged. Cur- rent receipts, 20 to 21; hennery whit best quality, 23 to 25. ordinary quality, 22 to 23 "Government graded and dated white eges: U. 8. extras. large, 1. U. extras. medfums..25'2. U. S. standards. large " 26 LIVE POULTRY—Quotations on 8pring chickens nominal. Recent advance has slowed down consumption and dealers re- port some accumulation. Fowl heavy 19 to 2. No. horns, 14 to 16 Tooster ons ediTgina Rocks. 2 es. t b in slab light hogs, fresh skinned ham, I8 gliced bacon, 3 mediums. o 80 s Fruits and Veretables. Sales in large lots by original receivers Up 1o K am. today APPLES —No carlot arrivals: no cars on Bushel baskets. U. 8 No. 1 Supplies moderate; demand ab steady: N v and West minimum \1,.monimnn mum Northw vals: one un- Kk receipts mod- d six bro- on track Sup- market n crates, mostly 1% Boston Wisconsin _arrived nbroken cars on track Supplies oderate; jaemand lisht: markei s 1-pound sacks, Yellows, U. 1 Pennsyivania. 90-1.00; 5N PEACHEstn carlot broken ‘car on track emand light; market about steady - ginia. bushel baskets, Elberias snd Belos: s. 1. 2Y-inch’ minimum. | 0 2 Dela No. 1. ar ¥ LETTUCE—No carlot arrivals ken and two unbrok moderate ONTONS. orie broken “and one u; arrivals: one Sunplies moderate; Vi Sinon: mlmmnm bushel basket inch. mlmrvmm AS—One ' Colorado brokens e on track. Supplies demand i market | hampers. Telephones Colorado, 1.75- arrived: three mod- steady Washington, 155, Idaho, to < Steady. POTATORSAE. Prices Stead supplies moderat OTATOES—Supblies moderate nd ligh(. market about i, Nor ’qu«!wl baskets No WATERMELONS —oa alent to two cars. Virginia moderate: suppiles light: market steady. Ceipte, bulk, per rieties. selects, 15.00: “culls, Teceipts equiv- Truck receipts moderate. demand Virginia, boat re- 100, melons. various va- J2:00: primes. 10.00- 00: truck rece| 'r?n':nw.\sonu, 30 ‘pound average, LIMA BEANS—Supplies moderate: mand light: market steady. n bushel * boxes. 2.00-- bushel bn:kns best. | SNAP’ BEANS - Suppiies meder mand ehe: market steady. Pen bushel Diskets &reen. flat type SPINACH—No " carlot arrivals broken ¢ara on track. Supplies light; mand light: market steady. Bushel bas Fels oSavoy type. Pennsylvania. ORANGES—One California arrived tw broken and two unbroken cars on irack California, boxes, -6.00. as to grade and size LEM( hoxes. No. 1. T de- Connecticut. (Pennsyivania, de- O‘WS—Cahlomm 7.00-7.50; No. dnz-n bunches: Callfornin. '« ates. fidory 3 Colorado. crates. 6-dozen, 9 50- FETS—Pennsylvani bunches, GRAPES—No track. 20-25 per dozen carlot arrivals; no cars on Iug boxes. White Mal- 00: Thompson Seedless. 1.7 ), Maryland, QAT ® “climax ites, 9-10. CUl ERS—Pennsyl e e m:q.gm“” fennsylvania. bushei bas. PERS] MELONS—California. jumbo 2.50: standard crates, 2.00; ponys. Qnonmnz/u..m_om Californi s zoma_ arrived: “two_broken and two ‘sar rack Al’lzml‘n Jumhns 6s 0-1.7 b f.«r\nmm’zs 1 Clitoa, FEARS —No carlot arrivals: gur on track, Bartletts, 2. MIXED H\nlsv BAN, crates, 1. *Jambos, one broken 35S 4ornia, boxes. Mountain VEGETABLES—Nn carlot ar- one broken car on track ANAS—TWo cars arrived: no cars on EYBALL&N(: hroken A On T, carlot arrivals: York. crates, CAULIFLO ER — New Catskill_section. 1.50-2.00. s GRAPEFRUIT—Cuba, crates. 4.50-4.75, P!NEAFPL!?S—Cub- 3.00-3.25. DIVIDENDS ORDERED. NEW YORK, August 17 (Special). —Directors of the City Ice & Fuel Co. have declared the regular quarter- ly dividend of $1.62'2 per share on the preferred stock, payable Septem- ber 1 to stockholders of record as of August 23, and the regular quarterly dividend of 50 cents per share on the common stock, payable September 30 to stockholders of record as of Sep- tember 15. rack: one erates, DUPLAN NET GAINS. NEW YORK, August 17 (#)—Du- plan Silk Corp., manufacturers of silk, rayon and mixed fabrics, with princi- pal plants in Pennsylvania, for the fiscal year ended May 31 reported net profit of $697,667 after the Federal undistributed profits surtax, equal to $2.06 a common share, against $417,- 348, or $1.02 a share, in the preceding fiscal year. 'REFB.IGERATOB. SALES LAG. NEW YORK, August 17 (#).—A drop in June sales of household model electric refrigerators to 267,770 units, against 333,061 in May, was reported by the Edison Electric Institute. June, 1936, sales totaled 237,371 units. For the six months sales were 1,705,750, compered with 1,441,660 in the like 1036 period. New York, 1.10- | S | the first half of 1936, TUESDAY, AUGUST 17, 1937. Textile Activity Gains 25 Per Cent Over 1936 Levels Special Dispatch to The Star. NEW YORK, August 17.—Textile World’s index of textile mill activity for the first half ‘of 1937 shows a rate approximately 25 per cent above the corresponding period/ of last yeer, and 35 per cent above the first half of a “normal” year (1924-31 average). Although the wool group remained practically unchanged in Textile World’s price index series, actually the market hit bottom about the first of July and was back at the June 1 level by August 1. This was in con- trast to cotton, which continued to decline. Based on 1923-1925 average as 100, price indices for July with change from the previous month are as follow: Cotton—Raw cotton, 45 (down 2); yarns, 65 (down 5); gray goods, €7 (down 4); colored goods, 78 (un- changed). Wool—Raw wool, 78 (un- changed); tops, 82 (unchanged);| yarns, 82 (down 6); wool cloth, 112 (unchanged). Raw silk, 26 (up 1); rayon, 27 (unchanged). RAIL NETS MAKE UNEVEN SHOWING : Pennsy and Santa Fe Gain, but Some Others Report 6-Month Losses. By the Associated Press. NEW YORK, August 17—Two of the Nation's largest railway systems— Pennsylvania and Santa Fe—were among roads yesterday which reported increased earnings for the first six months. Entries on the railroad earnings ledger were not uniformly improved. Net losses for the period were reported by Chicago Great Western, Chicago North Western and Southern Pacific Co. Pennsylvania Railroad Co. reported net income for the first six months ended June 30 of $12,700,749, equal| to 96 cents a share, compared with | revised net incdme of $12,274,714, or | 93 cents a share in the like 1936 period. Atchison, Topeka & Santa Fe Rail- | way reported net income for the period of $3,345.785, against net loss of $526,- 422 in the like six months of 1936. Baltimore & Ohio Railroad reported net income of $11,756, equal o 2 cents | a preferred share, compared with net loss of $1,981.271 last year. Southern Pacific Co. and transpor- tation system reported net loss for the period of $163,048, against net income of $113,912 last year. Erie Railroad reported net income of $1,286,233, against $158,653 in the first six months of 1936 Kansas City Southern Railway Te- | ported net income of $127,528, against | $210,448 last year in the first half. Southern Railway reported net in- come of $1,72218 for the period, against $46,103 last year. Chicago Great Western Railway re- ported net loss of $759,399, against | net loss of $651,059 in the first half of last year. Chicago North Western reported net loss of $8,438,333, against loss of $9,092676 in the first six months of 1936. Louisville & Nashville reported net | income of $3,895,090, against $3, 304,- 018 in the first half a year ago. Union Pacific. Union Pacific Railroad Co. reported net income for the six months ended June 30 of $2.192,619 after taxes and charges equal after preferred divi- dend requirements to 9 cents a com- | mon share. 976, This compared with §2.- 19 or 44 cents a common share in CHICAGO PRODUCE CHICAGO. Aug 48 “trucks. easy. less than 472 lbs. frvers, colored White Rock Springs, (. —Poultry. 1 m\ 412 1bs. up. 21; { Leghorn hens. 151, | 'Plymouth Rock. 2 barebacks 18 broil colored. 217 Plymouth Rock ,Rock, ~2%: barebacks 19 . Leghorn rnosvers 13%%; tur- T toms, 16; 2 “turkeys white and colored 475 The<ag. v, old geese, 13: young, A8 Creamery. bt seconds (R4-8715) FilNANCLAL. PLAN IS OFFERED BY PIERCE-ARROW Vote Called September 2. Bid to James A. Farley Still Talked. By the Assoclated Press. NEW YORK, August 17—Stock- holders of the Pierce-Arrow Motor | Corp. will be asked on September 2 | to consider a reorganization plan call- ing for formation of a new corpora- tion and the ralsing of $10,700,000 new capital. The purpese of this action was de- scribed in a letter from the manage- ment to stockholders as being to pro- vide new equipment, plant rearrange- ment, working capital and other re- | quirements for the firm to enter the | medium-priced field with a line of | cars selling from $700 to $1,000. The plan provides for a new corpo- | ration to acquire assets of the pres- | ent company with one share of new stock exchangeable for two shares of | the present preferred or five shares of the present common. It also is proposed that 1,300,000 shares of new stock be offered for public subscription at $10 a share. About 200,000 shares would be is- sued for the assets, some of these | going to banks for cancellation of out- standing mortgage notes amounting to | $1,250,000. Warrants to purchase 101,000 shares at $10 a share up to September 30, 1940, would be issued to underwriters handling the stock | issue and to “others for services in | the reorganization.” The company letter stated that a man “of national importance will be invited to become the executive head of the new corporation.” Before tpe letter was sent out the Buffalo (N. Y.) | Evening News had published a report that Postmaster General James A. Farley had been asked to become the | executive head of the company and | that Farley refused to affirny or deny the report. A. J. Chanter, president of the | company, asked about the Farley re-‘l port, said: “You'll have to ask Mr. Farley.” DIVIDENDS ANNOUNCED | NEW YORK. August 17.—Dividends d| clared (prepared by (ne Standard Sta Sorp.) : Initial. Rate 1 lartic Gold M_5c¢ 0od pt Biiac Extra 1ba Sugar Estate $1 ch Mac od General Cigar Viking Pump _ L) ug i son’ Bargent _ Port] Cem A 0L O 2 Ses ]! Bridgeport Gas Light 50c¢ Monroe Loan Soc A~ & ewmont Pacific Mi Transue & Williams Asgociates Investm't Do Ban Hvd R 7 Beminis Pntk Maryland Mining _ » £ Fond Bt Restane Eapan Money for Construction Loans and Loans on Existing Properties 5% FIRST DEED OF TRUST ONLY GEORGEL BORGER 643 Indiana Ave. N.W. Nat’l 0350 2 (90 centralized carlots), steady. p “Potatoes, shipments, ks slightly stronger. 'Western Triumphs firm, other stock about steady: supplies fairly light. demand fair: sacked, per cwt.. Colorad Bliss Triumphs. U. S’ No. 1. washed. 1.60: Bliss Triumphs, U. S.'No. 1, washed set, Burbanks, U 8. No hed 17735-2.000 0 No %2 Mprac: Tieally tree’ trom CutsC arsi clipped _ends. 1.30-40: Oregon Bliss Triumphs. U. 1. washed, 170 Washington. Ruuet BUE: | banks_ U.'S No. 1. washed, New Jer- | sey. Cobblers. U. ol iy Eraded. 15702 Nebraska cmmm No. 1 and partly eraded. 1.12 Triumphs. U. S. No. : Russet Bur consin_ Bliss_Triumphs U sales. 1.30: Wisconsin. Cnhblers b5 8 1, 77s-inch minimum, 1.00, OFHCE FURNITURE WE SELL, BUY OR EXCHANGE Chalrs Steel Files Desks Steel Cabinets Tables Safes BAUM’'S FURNITURE HOUSE 1416 Eve 8t. NW. Phene NA. 3184 49 yEarS IN WASHINGTON REAL ESTATE R ALMOST half a cen- tury this firm has helped property owners in the District and nearby Maryland and Virginia to buy, build, finance, refi- nance, manage, sell, rent. If you have a problem in- wvolving real estate, bring it to Weaver Bros. It pays to deal with the firm that Knows Washington. WEAVER BROS ¢ REALTORS Morteags Loan Correspomdmmt Marvpiiten Lifs Inmrancs Company WASNINGTON BUMDING DISTRICT 948 Loans for Refinancing Also Construction Loans Long Term Monthly Payment Loans and Straight Three-Year Loans which can be converted into monthly payment loans at any time without expense. EQUITABLE LIFE INSURANCE . COMPANY B16 14m St ME. 3437 *%% A—18 BATTLE EXPECTED: ONBROKERS' FEES Plan to Boost Minimum Commissions 30 Per Cent Divides Exchange. By the Associated Press. NEW YORK, August 17.—, brisk battle appears in prospect in Stock Exchange circles over the proposed amendment, now before the Governing Committee of the New York Stock Exchange, to boost minimum brokerage commission rates 30 per cent, Wall Street circles said today. The two camps are divided into the large brokerage houses which favor the increase and the smaller firm., floor brokers and odd-lot dealers who | are prepared to fight the measure to the last ditch. It 1s possible that the amendment will come up for vote before the Stock Exchange membership around Sep- - | tember 1. There are 1,375 members, and under the rules of the Exc hange | 350 negative votes would serd the amendment back to the Governing Committee. Wall Street men said that in gen- eral the large brokerage houses and the firms with extensive out-of-town | connections would favor an increase in | brokerage commission on the ground this would increase revenues On the other hand, the small bro- kerage firms, floor traders and odd-lot dealers are against the increase. Thay. fear, it is said, that an increase would tend to dry up trading and reduce business. GLOBE-WERNICKE CALLS EXPANSION PLAN VOTE By the Associated Press, NEW YORK, August 17—A pro- posal to raise approximately $100,000 for expansion will be voted on by stockholders of Globe-Wernicke Co., maker of office equipment with prin- cipal plant at Cincinnati, at a special meeting August 23 The plan calls for an increase in authorized stock from 55,000 to 100,000 shares, of which 6,600 will be offered to stockholders at $15 a share on basis of one share for each seven held, FIRST . YIELD | MORTGAGE" LOANS 5V2| SECURED ON IMPROVED WASHINGTON PROPERTY | ROBERT W. 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