Evening Star Newspaper, August 17, 1937, Page 16

A—16 xxx D. C. PHONE TOTAL CONTINUESTORISE Reaches 220,069 at End of July, Compared With 206,371 Year Ago. BY HAROLD B. ROGERS. Telephone business still is on the increase, according to the Chesapeake & Potomac Telephone Co., which re- ports that at the close of business on July 31 this city was served by 220,068 telephones, as compared with 206,371 on the same date last year. ‘This was an increase of 41 tele- phones during the month of July this year. Telephone calls were also increased over July last year from 795964 average daily calls during July, 1936, to 844,255 average originating calls per day for July, 1937, Friedlander Joins Staff. Philip Friedlander, well known cus- tomers’ man, has become associated with J. S. Bache & Co., with offices in the Washington Hotel. A native of Washington and a star athlete in his high school days here Mr. Friedlander has been directly asso- ciated with a number of local broker- age houses. In New York he studied under the late Richard D. Wychoff, founder of the Magazine of Wall Street, who was the originator of the charting system—for market valua- tion. In welcoming Mr. Friedlander as an associate of Bache & Co., Frank J. F. Thiel, manager, and a former assistant treasurer of the United States, paid tribute to the new member of his staff who has handled some of the largest brokerage accounts in the city. James Hennessey, for many years cashier of the local office, has been made a floor man. Rickey to Speak. Branch Rickey, vice president and general manager of the St. Louis Na- tional League Cardinal base ball team, will be the principal speaker at annual radio commencement exercises of the American Institute of Banking Friday night, September 10, it was announced by Miss Catherine M. Krieg of Riggs National Bank, member of the insti- tute’s committee. The program will be broadcast over the National Broadcast- ing System from 8:30 to 9 p.m. National Income Lags. Although national income produced in the United States declined in June for the third successive month, ac- cording to the Alexander Hamilton Institute, it is questionable whether any slump before the close of 1937 will be severe enough to offset the good gain made during the first half of the year. The increase during the first half of this year was 20.3 per cent as com- pared with the same period a year ago, as national income rose from $29,- 300,000 to $35,245,000,000. Income in June amounted $5,890,000,000, as compared Wwith $6,017,000000 in May, and with $6,065,000.000 at the 1937 peak, in March. At the same tifhe the June income was 13.6 per cent larger than in June last year, when the income was $5,185,000,000. This gain over 1936, however, was the smallest for any month this year, having declined steadily from a 28.2 per cent increase in March. It is possible, predicted the insti- tute, that when the returns for July are available, they will show a re- versal of the recent downward trend in the national income. It is appar- ent, however, that it is probable that the national income in July was still running above last year's level, thus providing further support to the be- lief that the annual income in 1937 will be larger than in 1936 despite the evidence that conditions will not be as favorable during the remaining months as in the early part of this year. Shipments of railroad locomotives, as reported by principal manufactur- ing plants, totaled 39 in July, as com- pared with 13 in the same month of last year, the Department of Com- merce reported. In June of this year, these shipments totaled 38. For firts seven months of this year Jocomotive shipments aggregated 224, eompared with only 40 in the cor- respanding period of last year. Vacation Notes. Alfred H. Lawson, vice president and real estate officer of the Washington Loen & Trust Co., has returned from an extended tour of Europe. L I Chorpening, chief national bank examiner for the fifth Federal district, including Washington, sails from New York today for a six-week vacation in Europe. Maurice D. Rosenberg, president of the Bank of Commerce and Savings, is spending two weeks at Bedford 8prings, Pa. LARGE NORTH CAROLINA TOBACCO YIELD DUE By the Associated Press. RALEIGH, N. C, August 17.—The State Department of Agriculture esti- mated North Carolina farmers would harvest 546,940,000 pounds of tobacco this year. The crop forecast, made as of August 1, was based on an expected yield of 8175 pounds an acre and came as farmers in the border belt ‘were receiving good prices. Only twice before in the State's history—in 193¢ and 1935—has a yield of 817.5 been exceeded. The expected harvest was an increase of 4,320,000 pounds over the July 1 fore- cast. to FAILURES TOTAL DOWN. NEW YORK, August .7 (#).—Busi- hess failures in the United States for the week ended August 12 totaled 153, compared with 156 the week before and 149 in the like week a year ago, Dun & Bradstreet reported. CHICAGO LIVE STOCK. CHICAGO, August 17 (# (United States Dsputmem of ~Agriculture) . —H including 1.500 di market 35-50 e: bulk good ai 5 K 40~ top, 13.00: 24 Tow 130570 pounds, 75: most packing sows, 10.50- “11.16; lightweights ward to 11.25. P calves, 2.000: strictly and vearlings scarce; assy_and short-fed kinds we: 25 cents downturn; s 50" lower_ for week to date on steers ‘and vearlings of value to sell at 16.00_downward; early top today. 17.00. but 17.25 and 17.50 bid: strictly grain- fed heifers steady: grassy kinds fully steady. following recent sharp decline; fat cows dull: cutter grades weak; bulls fully *out kinds, stockers and feeders con- Tinue active, upward of 1.000 head selling Monday. buik being Texas calves at 9.50- 1026 heifer calves bringing 8.00-0.25, thin natives, 6.50-8 Cheen 3000 incwding 500 direct: Spring lambs, slow, around 25 lower to ehoice natives to larger interest waward; top. 11.00 to small killers: six bles Westerns also at that price with- out sort; nothing done on ye-runn sheep t steady: native ewes, 4.00-5.25. f 85 228 288 4% 80k 54 15% 174 33 217% 831y 39% 1147 257 15014 20in 2915 14% 79 20 6914 243, 111 3Ty 10% 46 111 13% ~26 0% 16% 178 24% 101 943, 104 5515 37 1 181 361, 9y 521, 9% 1% 9y 23% 405 4T 43% 32 351 28% 3015 28% 623, 105% 20 38 2974 498 4815 93 4614 25 28 49% 15% 41 35% 23% 597y 53 8 3814 528 24'9 25% 115 86% 23% 82 63% 6874 4 18% 32 3% T 6% 33 224 15% 80 135% 21% 92 48 Prev. 1937 High. Low. 258%215 1014 13814 1594 1284 18 105 106 7 12914 108 FINANCIAL. Stock and Dividend Rate, 63% Acme Steel (4)_ 15 Adams Exp (.30g zzv. Adams-Millis (2)_. Advance Rumley_ Air Reduction (1a)- Air-Way El Ap Alaska Jun (.60a) Alleghany _ Alte pf $30 ww_ Alleg pf $40 ww_ Alleg pf xw. Alleg prpf Alleg Steel (1.20g) . Allied Chem (6) Allied Kid (1a) Allied Mills (2g) Allied Stores (.20a). Allis-Chalmers(1g) Alpha Portland (1) Amerada (2) ______ % Am Bank Note ¥ g. Am Bank N pf (3) Am Can (4a) _ Am Can pf (7). Am Car & Fy (%g)- Am Car & F pf (4g). Am Chain & C(%g). Am Comcl Alco Am Crystal S 2% g_. Am Encaustic Til__ Am & Forelgn Pow_. Am&F P $6 pf Am & For Pw $7 pf % Am & For Pw 2d pf. Am-Hawalian § (1) Am Hide'& Leath _ Am Home Pr (2.40). Am Ice Am Ice pt (1g) Am International . Am Locomotiv Am Loco pf Am M & Fdy (% g Am M & Met (.45g). 43% Am Metal (%g) 60'2 Am News N Y (3) 7 Am Pow & Lt 491 64‘6 2 11 2% 34y 34 33 35 304 183 T Am P & L $6 pf (6) _ 18% Am Rad & St S(.60) 315% Am Roll Mill(1.10g) % Am Safety Raz (2). 22!y Am Seating (%g)- - 79% Am Smit & R(2%g) Am Smelt pt (7) Am Stl Foun 1.50g_. Am Stores (1%g) Am Sugar Ref (2) Am Sugar pf (7) Am Sumatra (1a) Am Tel & Tel (9)_ Am Tobacco (5) Am Tobacco B (5) Am Tob pf (6) Am Type Fdrs Am Wat Wks (.60g) Am Woolen _ Am Woolen pf (3k)_ AmZinc L&S__ Anaconda (%g)___. Anchor Cap (.30g)_. Anchor Cap pf 6% _. Andes Copper_ AP W Paper_____ Arch-Dan-M 1.50g_. Armour Del pf (7)__ Armour 111 (.558)__. Armour 11 pf (7) Armst'g Ck (1.50g)- Arnold Const (%g). Artloom_____ = Asso Dry Goods Asso D G 1st pf (5)4 Atch T &S F (2g)_- Atchison pf (5) __ Atlantic Coast Line. Atlantic Refin (1)__ Atlas Corp (.80) Atlas Tack (.50g) 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 Balto & Ohio pf_ Barber Co (%g) Barker Bros _ Barnsdall (1) Beatrice Cr (1a) Bendix Aviat .75g Benef Ln (1323g). Best & Co (215a) __ Bethlehm Stl 2.50g_ Beth SU 5% pf (1)_. Beth St1 7% pf (7). Black & Deck (%g). Blaw-Knox (.458)-. Boeing Airpl Bohn Alum (3) _ Bon Ami A (3g) Bon AmiB (1%g)_. Bond Stores (1.60) _ Borden (1.60) _ Borg-Warner (2)_ Boston & Maine __ Botany C M (A) (r) Bower Roll B&(2g) - Bridgeport Br .40g_ Briggs Mfg (114g)_ Bklyn-Man (21;g) . Bklyn & Queens 4 BKlyn& QT pt ___. Bklyn Un Gas 2.30g. Brunswick-Bal____. Bucyrus-Erie Budd Mfg_ Budd Mfg pf % Budd Wheel (.20g)- Bullard Co (1)_ Bulova Watch (4a). Burlington Mills(1) Burr Ad Mch(.65g). Bush T Bld pf ct(r) Butler Bros (.60) _. Butler Bros pf(1%) Butte Copper & Z__. 17% Byers Co 85% Callf Pack (13%a)__. 2% Callahan Z-La _ 12 Calumet & H (%g)- 24 Campbell Wy (1)_.. 23% Canada Dry G Ale__ 114 Canadian Pacific_ 44 Cannon Mills (1g)_. 95 Caro C &o st (5) 48% 157 37 21 T34 T4l 118 15% ™ 541y 63y 47% 18 54 398 24 22 271 37 8414 41% 244 21y - 138 Case (JI) _____ 85 Caterpillar Trac(2). 265% Celanese (1%g) 364 Celotex (.80g) 738 Celotex pt (5) _ 30 Cent Aguir (1%a. 6% Central Fdy __ 96 Cent Il Ltpf (4%4). 18 Central RRNJ. __ 981 Century R M pf (7). 60 Cerro de Pasco (4)_. 11% Certain-teed __ 48Y; Certain-teed 6% pf. 35% Champ Pap & F (2). 50% Ches & Ohilo (2.80a) 2 Chi Gt West (r) __. 8% Chi Gt West pf (r)_. 24Y% Chi Mail Or (1%a)_. 1% Chi MStP& P (r) .. 3% Chi M St P&P pf(r). 3 Chi&NW (r) 21 Chi Poeu Tool 15% Chick Cotton Ofl___ 9% Childs Co = 46% Chile Cop(.75g) 94 Chrysler (78) . 17% City Ice & F (2) ____ 80 CityI&F pf (6%)- 6% City Stores 324 Clark Equip 30g _ 113 102% Clev El Illu pf(43%) 85 Clev Graph Br (1g). 86 Clev & Pitts (3% ) _. 23% Cluett Peabody (1). 17% Colgate-Palm (%) 473 Collins & Atk (4g)_. 31 Colo Fuel & Ir (1g). 15 Colo & South ___ _. 15% Colo & South 1st pf. 28 Col Brdcstg A 1.05g_ 28 Col Brdestg B .40g 10 Colum G&E (.20g)-. 80 ColG&EpfA (6)... 28t Col Pict vte (1a) ... 56% Comcl Credit (4) 63% Comcl Invest Trl‘) 13 Comcl Solv (.60) .. 2 Comwlth & Sou 46 Com & Sou pf (3 34 Congoleum-Na (2)- 12% Congress Cigar. 97 Consol Cigar 31% Consol Edi (1.50g) - 99% Consol Edis of (5) 10 Consol Film pf 14% Consol O1l (.80: 4% Consol RR Cuba D‘_ % Consol Textile. ... 814 Consol Coal ... 20% Container (1.20) ... 18% Contl Baking A ... 2% Contl Baking B 50 Contl Can (3) 85% Contl Ins (1. ‘0!)_-- 2 Contl Motor - 39% Contl Ofl(Del)1%g. 26 Contl Steel (1) 61% Corn Exchange (l)- 54% Corn Prod (3) oo 6 Coty... - 40 Crane Co 115 100% Crane Co cv pf ®) . 37 28% Cream Wheat 14 8- A A THE EVENING STAR, WASHINGTON 18% 25 Tlie R e L L DL P aon [ S 55 PEL L ++1+0 i { R 6T% ™ 8 50% 50 50 — 2 114% 114 114% - 120 29 2 | 2 8 +++1 Prev, 1937 High. e % 127 18014 1353 115%% 17 198 163 131% 334 64l 11% 28% 94 6315 189 120 1674 15% 18% T3% 18 110 3% 6% 103 43% 110 285 147T% 41% 36 24% 28% 42% 42% 16% 4T% 19 62% 58% 1% 15% 63 16% 14% 39 30% ES EFESF FEFFL > Stock and Low. Dividend Rate, 184 Crosley Radio - 68 Crown Cork (2)._.. 41% Cr'n C'k pf ww 2% _. 16% Crown Zeller (%g) - 94% Crown Zeller pf (5). 51 Crucible Steel _. Srucible St pt 5% k. 1% Cuba Co._. _ 7% Cuban-Am Sugar 1097 Cub-Am 8 pf (10k). 814 Curtis Pub ____ & 65 Curtis Pub pf (7) 5 Curtiss-Wright 161 Curtiss-Wright A 78% Cutler-Ham (1g)- 99% Dayton P&L pf 4% . 104% Deere & Co (1g) 25% Deere & Co pf(1.40) 17% Deisel-Wem-G (1) . 33 Del& Hud . __ 13% Del Lack & W = 26 Diamond Mat (1a)_. 20% Dist Corp-Seag 18 Dixie-Vortex (1%)- 35 Dobdhler Die C (1g)~ 3814 Dome-Mines (2a) 474 Douglas Afrcraft 115% Dow Chem (2.60g)_. 14 Duplan Silk (1) __ 112 Duplan Silk pf (8) . 148% Du Pont deN (4% g) 130% Du Pont deb (6) 110 Duquesne 1st pf(5). 9% Fastern Roll 2 151 Eastman Kodak (8) 150 Eastman Ko pf (6) - 29% Eaton Mfg (1%g) - 10% Eitingon Sch __ 21% EI Paso N Gs(1.60). 343 Elec Auto Lt 1.40 9% Elec Boat ___ 413 Elec & Mus (.18e)__ 1414 Elec Pow & Lt Elec P & L $6 pf. Elec P & L pf Elk Horn Coal pf__. Eng P S $5 pf (5k)_. % Equit Off Bldg. Erie R R Erie 1st pt Eureka Vacuum Cl- Evans Prod (1) ___ Exchange Buffet___ Fairbanks Co = Fairbanks pf Fairbanks Mrse(1a) Fajardo Sugar(3g)._ Federal Lt & Trac_ Federal Motor Federal Screw Federal Wat Sve Federat D St (1348) Fid Phoenix(1.60a). Firestone (114g) _. First Nat Strs(2%). Flintkote (1) Follansbee Bros __ Food Machine (1a)_ Foster Wheeler Franklin Simon pf. Freeport Sul (1g) - Gabriel A Gair (Robert) Gamewell . ______ Gannett ev pf (6)__ Gar Wood Ind (%g) Gen Am Inv 4 Gen Am Trns(11;g) Gen Baking (.60) Gen Cable _ 4 Gen Cable A __ 2 Gen Cable pf 3 Gen Cigar (4) Gen Elec (.80g) Gen Foods (2) - Gen G & El A Gen Mills (3) & Gen Motors (23 g)_ Gen Out Adv _ Gen Out Adv A - Gen Print Ink(.30g) Gen Pub Sve Gen Real & Util Gen Refract (2h) Gen Stl Cast pt Gen Thea Eq (%g)- Gen Time In (1a) Gillette (14 g) Gillette pf (5)_ Gimbel Bros Glidden Co (2a Glidden cv pf (2%). Gobel Adolf___ __ Goebel Brew (.20a). Goodrich (%€) Goodrich pf (5 Goodyear T&R 1.505 Goodyr T&R pt (5). Gotham Silk H._. Graham-Paige_ 4 Granby Consol_. Grand Union . Granite Cit St1 (1) Grant (WT) (1.40a) Great Nor Ry pf Grt Nor Ore ct(%g) Green (HL) (1.60a) Grevhound (.80) _ Greyhound pf (.55). Guantanamo Sug__. Hanna $5 pf (5) ___ Harb-Walk (1.50g). Hat Corp A (.60g) . Hat Corp pf (6%2) - Haves Body . Hecker Prod (.60a)- Hercules Mot (1) Hercules Pow (3g)- Holland F (1g) Holland F pf (5) Hollander (1) 4 Holly Sug (2Xg) .- Homestake (.75g)_. Houd-Her A (214) Houd-Her B (1%) 4 Houston Oll __ Howe Sound (3a) Hudson & Man . + Hudson & Man pf__. Hudson Motor._. Hupp Motor-_. Tllinols Central 111 Cent LL (4) Indust Rayon (2)_.. Ingersol Rand(3g)- Inland Steel (4a) _. Inspiration Copper._ Interchem Corp(2). Intercontl Rubber. Interlake Iron. Intl Agricul_. . Intl Aeri pr pf (3k). Intl Bus Mach (6a). Intl Harvestr (234). Intl Hydro-Elec A .. Int Mer Marine _ Intl Mining (.45g) Intl Nickel (1.508) Intl Paper & Pw A Intl Paper & Pw B Intl Paper & Pw C_. Intl Paper & Pw pf. Int Ry Cent Am pf_. Intl Silver Intl Silver pf (6k) 9% Intl Tel & Tel 20% Interst Dep S 2% g_. 25% Island Crk Coal (2). 671 Jewel Tea (4) 120 Johns-Manv pf (7). 25 XKansas City Sou pf. 25 Kaufm'nDS1.20g_. 9% Kel-Hayes Wh B 51 Kennecott (28) 14% Keystone S&W (.60) 37% Kimberly-Clark (1) 31% Kinney prpf _ 8% Kresge Dep Stores. 20% Kresge (S 8) .90g .. 18 Kroger Groc (1.60). 12 Lane Bryant(%g)-. 17 Lee Rub& T (1g)- 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf. 13% Lehigh Valley R R_ 36 Lehman Corp (la).. 40 Lerner Stores (2a) . 58% Lib-Ow-Glass (3g)- 9% Libby McN & Lib. 94% Liggett & M B (4a). 59 Lima Loco (1g)-. 51% Link Belt (2) _. 24% Liquid Carbide 6414 Loew’s Inc (Fg).. 105 Loew’s pf (6%)- 1 Loft 50% Lone Star Cem (3)— 5% Long-Bell A 28Y% Loose-Wil Bis (2)_. 105 Loose-WB 5% pf(5) 20 Lorillard (P) (1.20) 127 Lorillard pf (7) 29% Ludlum Steel (1)_. 21 McCall (2) . 14% McCrory Strs 16% McGraw-H(.42%g). 32% McIntyre Pore (2) 31% McKeesport T (2) 12% McKesson & Rob 42% McKess & R pf (3)_ 12% McLellan Strs(%g) 40% Mack Trucks (1) __ 44 Macy(RH)xrts(2a) % Macy RHrts Sep 3_. 10% Mad Sq Gar (1.15g). 42 Masma Cop (1%E) - 6% Man Ry mod gtd(r). 9% Marine Midl (.40a). 18% Market St Ry pr pf_ 18% Marshal Field_ ... 16'% 5 42 146%% 99% 8% 615 10 55% 16% 10% 5 90% 434 31% 88 © N E oy > NS ONABANDE N RS DO . =3 53 -~ » RN R ARS8 VNS TAD N A NN BIO R 10— 10T = D & 10 ~T D T TV 1O 00 e 20 2 5 & - ~ 3 0 o 3 S Lo TR Swoman 09 0060 1 19 00 B0 b 1 10 GO N 1= - S - Py g RN AR AN R NN NS AT NS 2o M S as 10% 2% 101% 44% 104% 25% 20% 37 16% 26% 23% 19% 3814 42 567% 124% 16% 116 163 13414 1134 13 19714 ]'m 20% Net | Prev, 1937 . Low. Close. chge. | High. Low. 20 82% — % 48 21% + % 99 i By 1% +2 127 1% — % Eal) 65 b3 19% 5 104% 25% 113% 13 197% 59 35 13 26% 403, 11% 5l 28 +% + -2 Th 4 9%+ 11 Y% W % D.. ., Stock and Dividend Rate, 18% Martin (Glen).. 7 Martin-Parry. 48145 Masonite (1a)_ 25 Mead Corp (1g) - Melville Shoe (5) Mengel __ _ Mesta Mach (2%g)- Miami Copper ____. Mid-Cont Pet (%g) Midland Steel (2) _ Midland Stl 1 p£(3). Minn-Mol Imp Minn-Mol Imp pf Mission Corp (1g) Mo-Kan-Tex pt. Mo Pacific (r) Mo Pacific pf (r) Mohawk Crp(1.20a) Monsanto Ch 1%4g Montgom Ward(2a) Mother Lode ______ Motor Prod (1%g) - Motor Wheel (1.60). Mueller Brass (1a). Mullins Mfg (B) 4 Murray Corp . Nash-Kelv (1) _ Nash Chat & StL Natl Acme (1%g) Natl Aviation Natl Biscuit (1.60) - Natl Bnd & Inv 1.44 Natl Bond&Sh .7 Natl Cash Reg(%g) atl Dairy P (1.20) Natl Dairy pf A(7) Natl Dairy PpfB(7) Natl Dept Strs ____ Natl Dept Strs pf_. Natl Distill (2) atl Gypsum __ atl Lead (%) Natl Lead pf A (7). Natl Lead pf B (6) - Natl Malleable(1g). Natl Pw & Lt (.60)_ Natl Ry Mex 2d pf_. Natl Steel (1.25g) _ atl Supply atomas (.80) ____ ewport Ind (I’AE) Y Central = Y Chi & St L pf_ Y C Omnibus_ Y Dock Y Dock pf __ Y Investors (r) YNH&H (r) __ YNH&Hpf (r). Y Shipbldg _ N Y Shipbildg pf. N Y Steam $7 pf. Norfolk Sou (r) vorth Am Aviat North Am ( 60g) North Am pf (3) 29% 13% 74 34, 8614 16% 724 26% 36% Norwalk T & R. Ohio Of! (%g) Oliver Farm_ Omnibus Oppenheim Col Otis Elevator .80g . Otis Elev pf (6) .__. Otis Steel s Otis Steel prpf (7). Outboard M (1138). Owens-111 Gl 1% g _ Pac Coast 2d pf __ 4 Pac Finance (1.80) . Pac Gas & El (2) 3 Pac Lighting (3)_ >ac Mills (1g) Panhandle P&R (r) Panhandle pf (r)_ Parafline (2g) » Paramount Plct Paramount 2 pf( Park & Tilford ( Park Utah 4 Parke Davis(1.40g). Parmelee Trans__ Pathe Film __ Patino Mines Peerless Corp _____ Penick & Ford 1% Penney (J C) (2g) Penn-Dixie Cement. PennR R (3%g) - - Peoples Gas Lt & C. Petro Corp (.40g) _. Pfeiffer Brew .90g)_ Phelps Dodze 1% g Philip Moris(3%g). '5 Phillips Pet (2a) _ Phoenix Hos pf 315 Pills Flour (1.60)__. Pitts Coal____ Pitts Coal pf Pitts Screw (.30 Pitts Steel pf 4 Pitts Term Coal ___ Pitts Term Coal pf_ Plymouth O11(.70g) Poor & Co B Postal T & C pf (r)- Pressed Steel Car _ 2 Procter & Gam (2a) Pub Sve N J (2.60) - SN J $5pf (5) J pf (6)_. Pullman (1) __ Pure Oil < Pure Oil pf (8) Purity Bak (.45g) Quaker St Oil (.70g) Radio Corp _______ Radio cv pf (313) _. Radio-Keith-0 (r)_. Raybest-Man (1%). Reading Co (2) ___. Rem Rand (1.05g) . Rem R pf ww (4'1) Reo Motor ___ Republic Steel __ Revere Copper & BL Revere Cop & BrA_ 214 Revnolds Met (1) __ Reynolds M pf 515 _. Reynolds Spr (1) __. Reynolds Tob (3) _ Reynolds Tob B (3) Roan Antelope 1.11g Ruberoid (.60) Rutland pf Safeway Strs (2) Safeway 6% pf (6). Safeway 7% pf (7). St Joseph Lead(2a) St L-San Fran (r) Savage Arms(.75g). Schenley Distill(3). Schulte Ret (r) Scott Paper (1.05¢). Seaboard Air L (r)_ Seaboard A L pf (r) Seaboard Oil (1) Sears Roeb (3) . Servel Corp (1a) _ x Sharon Steel (1.20). Sharp & Dohme_ —omEA BN RS — 104% 43% 2% 144 38% 8 101y 22% 8’ 52y 1 1084 591y 21y 26% 441 11y 4l 1% 4 40% 78, i 37 10% 42 1% 4% 4034 981 293 87k T+l 4++4+00 11 Net | Prev. 1937 Add 00. High. Low. Close. chge. 3 41411 + I 14+ 1 (RN EE XSRS + 10% + TUESDAY, AUGUST 17, 1937. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private Wire m"ac.‘l to The Star. Auaoo Xlllh lo'. Close. chl' 84 High, 100'4 109 301 113 1% 1675 347 Stock and Bales— Low. Dividend Rate. Add 00. 56 Sharp & Do pf 3% __ 12 Shattuck FG (.60) 25% Shell Unton (%g) 12 Silver King (.65g) 40 Simmons (1g) .- 42 Skelly Oil (1g) 27'% Smith & Cor (%g) 16% Socony Vac .508) 2213 Sou Cal Edis (134a 40% Sou Pacific _ 24 Southern Ry _ ‘37% Southern Ry pf_. 615 Spalding = 60 Spalding 1st pf 93 Spang Chal pf (6) _ 5% Sparks With 2613 Spen-Kell (1.60a) 16 Sperry Corp (le)- 26'% Spicer Mfg . 44 Spicer pf A (3)_ 19'4 Spiegel Inc (%g)-_. 80% Spiegel pf (435) _ 37% Square D Co B.60g _. 11% Stand Brands (.80)_ 6% Stand Com Tob____, nd Gas & El (r)_ Stand G & E pf (r) _. td G&E $6 prpf (r) tand Oil Calif (1a) tand Oil Ind (1a) _. tand Oil N J (1a) . '3 Starrett (L S) 23,%. terling Prod(3.80) tewart-Warn(3a) Stokely Bros(.95g) - Stone & Web studehaker nOil (1a) _ Sun Oilpf (6) _____ 4 Sunshine Mng (3) __ 41 Superior Oil 31 Sutherland P(1.60). 21% Swift & Co (1.20)__ 297 Swift Intl (2) . __ 15% Symington ww .35g. 11% Symington xw .35g . 10% Talcott (.45 = 481; Talc pte pt (2.75a) 6! Telautograph (.60). 10% Tenn Corp (%g) - 1'!'/7 274 15% 6 Texas Gulf Prod 33% Tex Gulf Sul (2a) 11% Tex Pac C&O (.40) _. 10 Tex Pac Land Tr. 7% Thermoid 3 23 Thompson Pr(.90g). 3'3 Thompson-Star __ 15% Tide-Water As(1a). Tide-W As pf (41 Timken-Det Ax(2e) Timken Roll B(3a) . 15 % Transamerica new_ Trans & West Alr _ Tri-Cont Corp (% g) 39 20thC-FF pf11y 66 Twin City pf (Tk) 16!5 Twin Coach (.30 73 Und'w'd-EI-F 3.25g UnBag&P(2) - Un Carbide (2.408) _ “» Un Oil of Cal (.852). Init Alrcraft (3g) Init Afr Lines ’nit Carbon (4) Init Corp Init Corp pf (3)_ Init Drug (%g) __. “nit Dyewood (1a)- “td Dyewd pf (7) .- Init Elec Coal ‘nit Fruit (3) __ Init Gas Imp (1) ‘nit Paperbd (.30g) J'S Distrib pt & Foreign See _ Hoffman Mach 7S Hoff M pf (2 ] S Indus Alco_ S Leather A 1% = s Unit Stockyds 1‘1)_ » UnitStores A W Univ-Cyclops St(1). 1% UUIP&LtA (r)-_. 1'4 Vadsco __ 241« Vanadium Steel 111% Van Raalte 1 pf(7 7 Va-CaroChem _ '2 Va-Caro 6 pf(13:k) + Va Iron Coal & C pf. Wabash pf A (r) __ Waldorf Sys (1.20). « Walgreen (2, 213 Walker H G& W (2)_ Walker HG&Wpf (1 « Walworth 5x Ward Baking B s Warner Bros Pict__ % Warner-Quin (r) Warren Brev pf(r) % Warren Fdy &P (2a) Waukesha Mot (1a) Wayne P er Eisenlohr Fargo 435 Wesson O & S (1:a) 81 West Penn El pf(6) 90's W Pen E1 7% pf (7) 4110'; W Penn P 6% pf(6) 118 W Penn P 7%pf(7) 24 West Auto Sup 1.60 7% Western Maryland- 5'3 Western Pac pf___ 41'y West Union Tel (3). 40% Westinghse Air (1) % 130k Westhse E1&M¢3g) 2912 Westvaco Chl pf 13 114 Wheel & L E pf 51z 38 Wheeling Stl_ 20 White Motor_ 813 Wilson & Co (13 43% Woolworth (2.40) __ 307 Worthington Pump. 48 Yale & Towne (.60). 20t Yellow Truck._____ Yellow Trk ptf (7 » Young Spring (3) __. T4% Youngstn S&T 1%%& 5 37 R 108 34 40% 30 Zenith Radio(1%g) M bankrupicy act. or securities assumed by such com: Rates of dividends in the foregoing table are tion. inclu last year. year. “lared this vear. 47s Zonite Prod 0 A. 190,000 - 410 000 Toml Sales for the day 660 000 s Unit of trading 10 shares. 57 13% 2T 154 56 30 22% 2115 g 2914 443 Tia 64 9815 T 28 18 34% 50 24% BT% 3 1% ™ 8% 201, 40% High, Low. Close. chll 57 +1% + % - % -1 + % - % -u S -1 +1% - % -1 + % - W - % — % +1 + 5 -1% FINANCIAL. STOCKS TURN DUL AFTER EARLY DROF Dealings Unusually Quie as Shares Regain Part of Recession. Stock Averages 15 15 80 Ralls. Util. Stks —.5 Une. —4 390 431 6938 395 431 702 415 435 694 39.0 523 67.4 495 54.0 753 36.1 39.1 6256 435 537 728 302 434 557 ¢ 8.7 239 169 146.9 153.9 184.3 157.7 - 51.6 953 61.8 61.8 30 Indus. Net change. — Today close. 99.1 Prev. day... 99.7 (Compiled by the Associated Press.) BY VICTOR EUBANK, Associatea Press Financiai Writer. NEW YORK, August 17.—Freb| repercussions from the Shanghai ba tle front were felt in the stock mark today and leading issues either at | still or retired to the rear ranks. Steels and motors led an active re treat at the start. Buying forces soq arrived, however, and initial losses fractions to more than 2 points we | reduced or canceled in many instancd An assortment of specialties mo against the trend. Inspiring some of the sell-off, b | kers said, were fears the Preside might invoke the neutrality law halt shipments of military mater to Japan and China, both importa] users of American products In addition, speculative contingen were a bit discouraged because stoc have recently failed to follow thr on rallies. Helpful was the thougl Congress may adjourn quickly, b the fly in this ointment was the po sibility of a special session in Nover ber, when controversial measures wou be revived. Dealings turned unusually quiet the modest comeback. Transfers we| around 650,000 shares Stocks about even to down a poii or so included U. S. Steel, Bethleheq Republic, Youngstown Sheet & Tul | General Motors, Chrysler, Mot | Products, Montgomery Ward, Sea Roebuck, Woolworth, J. I. Case, I ternational Harvester, Douglas Al ‘(‘xafl, Bendix, Anaconda, Kennecc .| Cerro de Pasco, American Smelti Westinghouse. General Electr | Standard Oil of N. J, Texas Cor Socony Vacuum, Santa Fe, Ches peake & Ohio, Delaware & Huds {N. Y. Central, Radio, American | Foreign Power, American Telepho | North American and American Wat| | Works. | In a resistant area. with a few | more than 1, were Goodyear, Goo | rich, Paramount, Baldwin Certificat Warner Bros, American Cha: Wayne Pump, Loew's, Pittsbur Coal, Fajardo Sugar, American Lo motive and Bucyrus-Erie. Good earnings statements ga Crucible Steel and Zenith Radio upward push but failed to stimul Southern Railway, Erie, Caterpill Tractor and Pacific Mills. CHICAGO GRAIN By the Associated Press CHICAGO, August 17—Big ju | of Liverpool wheat quotations todd together with reported wholesale coy mandeering of vessel space by Jap: | helped 1ift wheat prices here 31 ce maximum today. Profit-taking sales on wheat m: ket upturns, however, led to I reactions from top levels. Setbad were induced also by assertions t .| in the last few days 1,000,000 bushi 4 T++0 00+ 01 - 320,000 490,000 TIn bankruptcy or rceivership, or being reorganized under i e diyidend. xr Ex rights. f Pavable in stock. & h Cash or stock. 2 Also extra or extras. nies. nual dis- bursements based on the last quarterly or semi-annual declara- gegniess otherwise noted. special or extra dividends are not e Pald Declared or paid so far this k Accumulated dividend paid or de- NEW YORK COTTON By the Associated Press. NEW YORK, August 17.—Cotton fluctuated over a& narrow range today in quiet trading. Hesitancy to make more active com- mitments was again attributed to a de- sire to await definite decisions on a cotton loan at Washington. The in- fluence of higher Liverpool cables was offset by a favorable view of further showers in Northeastern Texas. December fluctuated between 10.20 and 10.28, and in midafternoon was selling at 10.25 when the market was net unchanged to 2 points lower. Futures closed steady, 1 lower to 8 higher. Qctober et Decembe January Low. 10.26 Cottonseed Oil. Bleachable cottonsed oil futures closed easy, 8 to 11 lower. Sales, 77 contracts. September, 8.18; October, 8.09-10; December, 8.08-10; January, 8.09-10; March, 8.15. New Orleans Prices. NEW ORLEANS, August 17 ().—The cotton market continued to move uncer- tainly and without definite trend at the opening today. First prices here were 1 point up to 3° points down. A private source said it was expected that Secretary Wallace would wait until after adjournment of Congress to anmounce a loan of 9 cents a pound With a 3-cents- a-pound subsidy, October opened ‘at 402 10.32, January at 10 May at 10.50 and July t 10.62. Active options lost a few points addi- tional in the first half-hour of trading, but the movement was indefinite. Cottonseed ofl opened steady: I er. 7.71b: .86b; Janusry, December at Beptem- 8% Sarch, THBC ' Gimbel Volume B. & 0. LOADINGS OFF FEFEIS Gains 12 Per Cent In Seven Months By the Associated Press. NEW YORK, August 17.—Bernard Gimbel, president of Gimbel Bros., Inc., owners of department stores in the East and West, said today the business of his company for the first seven months of 1937 was about 12 per cent ahead of the same period of last year. “Because of increased operating costs,” Gimbel said, “it is difficult at | this time to estimate the percentage of the increased sales which will be car- ried into net income. “Continued gains for department stores are expected for the Fall, but those who look for phenomenal gains are likely to be disappointed.” SAVAGE ARMS SELLS DIVISION TO APEX By the Associated Press. CLEVELAND, August 17.—Purchase of the Zephyr air-conditioning divi- sion of Savage Arms Corp., Utica, N. Y, by the Apex Electric’Manufac- turing Co. of Cleveland was announced by C. G. Frantz, Apey president. Frantz said machinery used in pro- duction of air-conditioning units at Utica would be moved to Cleveland and installed in the Apev company's Besse- mer avenue plants. —_— Chicago, Milwaukee, St. Paul & Pacific R. R—Deflcit, six months ended June 30, was $7,010,782 against deficit of $9,226,946. A N MODERATELY IN WEEK Special Dispatch to The Star. SBALTIMORE, August 17.—Carload- ings on the Baltimore & Ohio Rail- road for the week ended August 14, totaled 49,274, comprising 33,259 cars loaded on line and 16,015 received from connections. This was an increase of 1035 cars | loaded over the same week of last year when the total was 48,239, con- sisting of 32,640 cars loaded on line and 15,599 received from connections. Loadings for the previous week (the week ended August 7) totaled 51,780, of which 33,729 cars were loaded on line and 18,051 received from con- nections. TECHNICOLOR HOLDERS TO VOTE SEPTEMBER 9 By the Assoclated Press. NEW YORK, August 17.—Stock- holders of Technicolor, Inc., maker of color motion pictures, will be asked to vote at a special meeting September 9 on an increase in the authorized common stock from 1,000,000 to 1,500,- 000 shares, the company announced. GETS FEDERAL CONTRACT. NEW YORK, August 17 (#)— American Bridge Co., subsidiary of United States Steel Corp., was re- ported to have received an award for 8,875 tons of shapes for a Gov- ernment Printing Office in Washing- ton, D. C. And Bethleham Steel Corp. an award of 1,000 tons of re- of wheat had been bought to cor | here from the Southwest. At the close Chicago wheat futuj | were 1 cent to 2, above yesterda | finish, September, 1.121,-%: Dece! her 1.137%-1.14; corn unchanged « lower; Seplember 987 -09: Decef | ber, 6753, and oats 1g='2 up. 0 16.62 16.35 Chicago Cash Market. Cash wheat, No. 3, red, 1.11-14; 2 2, hard, 1.1634-18';: No: 1, Northe Spring. 1.193;: No. 3. mixed, 1.10] 1315, Corn, No. 1, yellow, 1.07%.: 2, yellow, 1.06!,-071,. Oats, mixed, 3034-32'.: No. 1, white 3212. Rye, No. 2, 84-88.. Barley. 82, actual sales; feed, 48-61, nomin: malting. 65-83, nominal. Timot seed, 2.50-60 cwt. No Baitimore Quotations. BALTIMORE. August 17 (#.—No. Winter, garlicky, spot domestic, August. 1.16%. Winniper Prices. WINNIPEG, August 17 (#.—Grain ra Previo: _ 4RT, . = MONARCH EXTRA VOTED. NEW YORK, August 17 (#).—Mo! arch Machine Tool Co., maker of dustrial lathes, with main plant Sidney, Ohio, announced an ext dividend of 15 cents and the regul quarterly dividend of 25 cents, bof payable September 1 to stock of reco| August 24. A similar extra was paid the preceding quarter. PHILADELPHIA PRODUCE. PHILADELPHIA. August 17 (®).—Li poultry’ Fancy. Plymouth Rocks, mixed colors, 21-2:3; Leghorns, fancy, 19: Spring chickens. Plymouth Rocks. Leghorns broilers, 25-26; ducks, Wh Pekin, voung. 14-1 Dressed poultry: Presh killed, in box: 2 . 3 REGISTRATION STATEMENT| By the Associated Press. Registration statemens for new secuf ties 'flledu:old-dydwu.h the Becurities Co! mission include: Liberty Loan Corp.. Chicago. $450.0 inforcing steel for the Hiram Walker Distiliery at Peoris, Il ! A [ of class A no par value common stog for working capital. No underwrit med.