Evening Star Newspaper, August 17, 1937, Page 17

FINANCIAL. URB LIST EASES | INQUIET TRADING Dils and Utilities Unchanged to Fractionally Lower. Specialties Lag. By the Associated Press NEW YORK, August 17.—Curb ktocks drooped in apathetic trading oday. Oils and utilities were mostly nchanged to fractionally lower, while pecialties lacked resistance. Technicolor dropped nearly 3 points ollowing announcement stockholders prould shortly vote on an increase in ommon shares. Aluminum Co. sagged bout a point and Eagle Picher, Con- olidated Steel and Newmont Mining vere fractionally lower. Electric Bond & Share, Arkansas atural Gas “A” United Gas and ities Service slid lower, while Niagara udson Power and Consolidated Gas f Baltimore lifted a trifle. Lower among the oils were Sunray nd International Petroleum, while reole and Humble held even. St. Regis Paper, Pitney Bowes, Consoli- ated Copper, United Wall Paper and rican Superpower were unchanged. CURB BONDS DOMESTIC BONDS. High. Low. Noon la Power 5 8ok 1 10634 108 107 107 L106% m mv‘ ptomac E 4125 Ser Corp i, 1320 104 1037 1081 1037 2105121052 FOREIGN. uca Val Ts 48 co M El 628 ma_City A1ss fendoz P 4s rana Hraz ntiag Chil v—With wai n—Ne AReaoriabiiiny § tCompanies rep: INSURANCE STOCKS NEW YORK. August 17 curity Dealers’ Association tna Cas (?a) __ tna Ins (1.60) tna Life ((Ro0a) Eouit_(1.60a) tomobile (1a) hit Amer ( 20a) krolina (1.:0) ty of N ¥ (1.20) fobe & Rep'( 80a)~ jobe & eat Amer (1a) pnover (1.60) rtford Fire (2 me Fire Sec me Ins (1a) = pmestead (1) nickerbocker (.80) ncoln Fire aryland Cas 312) erc_Ins Pr (15g) tl Fire (2) = ‘1 Liberty (.208) Hampshire (1.60a) Y Fire (.80a)_ ass Bond rlnzfleld (4328) n Life (7128) avelers (16) re (2) o estchester (1.208) _ 8—Also extrs or extras. g—Declared or paid so far this year. 36% U. S. TREASURY NOTES. NEW YORK. August 17 (P.—Prices foted in dollars and thirty-seconds: /l\’sked. P ela. NEW YORK BAR SILVER. NEW YORK, August 17 (#)—Bar iver steady and unchanged at 44%. f 2 y Colon Devl cv pf_ 2| Bl Pow As (.1 7. —New York | 2:30 Stock and Bales— A(.me W vte (28) 25s 11 Ainsworth ( Air Devices Alum Co Am Alum Co pf (6) Alum Ltd _ Am Beverage Am Book (4) Am Centrifugal . Am Cit P&L(3h) lOfl! ACP&L ww2¥%h 1 A C P&L B(.30g). 2 Am Cyan B (.60). 10 Am & Fgn P war. 15 Am G & E1(1.40 1 AmiGen T EE Am Laun M .80a_ Am L&T(1.20a).. Am Mfg (28) Am Maracaibo.. Am Pneumatic Am P&Ch(1%g)- Am Seal Kap Am Sup Power.. Am Sup P pf_ Anch Post F -V Ang Wupp (.208). Arctur Rad Tube. Ark Nat Gas Ark Nat Gas A Ark Nat Gas pf. Ashld O&R(.40) .. ASG&EIA _ As G&El war At Cst Fish(.35g) Atlas Corp war __ Austin Silver M_. Automat Prod Auto V Ma(%a)_ Avery&Sons .60g AxtonFis A_____ 1008 Babcock&W(3g). 258 Baldwin Rub .50_ Barium Sta Stl 100s 205 Bellanca Airc___. Berk&Gay Furn_ Berk&G F war Bickfords p Bl Rtid cv pf (3h) Braz T&L (.90g) - Breeze Corp Brewster Aero Bridgpt | \lar‘ 28) BN&EP 1 pf(5) . Bnk H1 & S(13%) - Can Ind Ale A | Can Ind Alc B | Can Mare Wire Carnation (1) | Carnegie Met 1 Carrier Corp.. | Catalin .-’\m - | (‘A‘n & Cen St Cen St Cen St E] | Centrif Pi (.40) - | Chi Flex Shft (4) 100s | Cities Service___. 42 | Cit Serv pt Cities Sve pf B __ Cit Auto St(.20g) | Claude Neon Lt__ | Cleve Tract Clinchfield Coal Colon Develop | Colon Develop | Col Fuel&l war__ ColtsPatF(1%g). ColumO &G _. Comwlths Distr . Comwlth Ed new. Comlth & So war- I Com P&L 1 pf | Com Wat Sve _ Cook P&\ (.60a) . Cooper-Bess Coop-Bess pr pt. Copper Range __. CopperwdStl(2) .. Cord Corp | Corroon & Rey.. Cosden Petro_ | Creole Pet (12g)_ Croft Brewing._ Crown C Pet. Cusi Mex._ Darby Pet (15) Dayton Rub Dejay Strs (.80) - Derby Oil : Det Gasket (1)_ | Det Mich Stov DraperCp(2.40a)._ Driver-Harr 115 Dubilier Con Duro Test 371 - Eagle P Ld .30g 50s Eisler EI (3 El nund&sh El1 Bd&Sh pf(6) . - OE DR oA P & L war 21 P&L 2d pt Electrol vte._ Elgin N W(1%g). Emsco D&Eq (1). Equity Corp Evans Wallo_ Evans Wallow pf 1008 Ex-Cell-O C(.40g) 2 Falrchild Av. Falstaff Brew __. Fedrs Mfg(%g)_. Ferro Enam(%g) Fidelio Brew_ Fisk Rub_ Fisk R pf (§)_ Fla P & Lt $7 pf _. 1005 4 258 3 5 1 1 Fd M Ltd(.212 Gen Alloys _ Gen Firepfg .55g. Gen Tel (12g) Gen T & Rub____. Glen Alden (%g)- Gorham vte 2,258 rand Nat Films. ray Tel P'S (1) tA&P nv (6a) _ Gt A&P 1st pf(7) Green T & D Gulf Oil (%g)- H Cp Am B(.60g) Hazeltine (3) ___ Hn D Strs(1.65g) Hearn D S pf(3) Hecla Min (.70g). Heller W E(.40a) Hoe(R)&Co A __ Holling G1d(.65a) Horn & H5% pf_ Hud BM&S(%E). Humble Oil (1%) Hummel RF .40g. HygradeSylv(2g) 100s 111 lowa Pow _ 1 Il jowa Pow pf_. 1 11Ja P div et I 11l Zinc (.75g) - 508 Imp Oil Can(%a) 1 Ind Ter 111 B InsCN Am(2a)_ Int Hyd-Elec pf_. Inter Pet(13ga)_. Inter Prod . Inter Rad (. Inter Util B_ Inter Vita (%) __. Inv Royalty .06a_ Ir Fire vte (1.20) 1008 Jacobs Co (¥%g). 1 Jer CP&L pf(6)- 108 Jer CP&L pf(7)_ 10s Jonas& N (.15g). 3 Jones & Lau Stl_. Kingsbury Brew_ Kingston Pr(.40) Kreuger Br (1a)- Lakey Fdy & M__ Lake Sh M (4a)_, Leonard Oil Le Toureau (1)_. Lion Oil (1a) Lit Bros Locke S Ch(.80a). Lockheed Airc Lone St G (.40g) Long IsLt . __. Long Is L pf(7) .. Long I L pf B(6). Louis L&E(.40) - Lynch Corp(3g)- Margy Oil (%8)-. McWill's D 1.258- 2 "100s RS B O BO S i 1930 1O 0 b bt i 01 D i 59 1 1D 53 1 0 8 D1 50 1 i 8O 1 88 9D B o G e 1 8 : o 50 4 2 13% 13% 1 2% 157 2 63 1% B7n 60 4 2% 156 103 10's 15 15 26'% 25'% 26 14y a1, 901 126 1415 231y 16 1715 333 131 333 47 6 41 3Tt 90%, Dividend Rate. Add 00. High. Low. Closs. 50 4 13% 2 156 1008 116% 1165 116% 100s 121% 121 121 4 2 63 3% 33% 35 4% 36% 25 4% 10% 30 18% 464 1. . | Pitts&L 1213 1218% 121% 14'% 594 101, 16% 16% 331y 1414 59 1014 16 16% 50% 1815 32 12% 32% 841a 105 49% 814 257 9% 29 21 2y 68 33 354 5% 13% 1% “~ 15 2214 15% 903 5 5 2112% 112 1% 1% 4% 12 5% 141y 59 10% 16% 16 50% 18% % 32 124 1034% 103% 103y 5 331 841 10% 49% < | Pharis T & R | Pines Winter xr | Sh | Southld Roy | Sterl AlumP 508. THE EVENING STAR, WASHINGTON NEW YORK CURB MARKET By private wire direct to the Star. 2:30 Stockand Sales— Dividend Rate. Add no mzh Low. Close. Mangel Strs__ 6% 6% Master Elec (1).. 25% Mer-C& S pf A, 70 Mesabi Iron . % Met Textile .10g - 2 Mich Bumper . 2% Mich St Tu (%g) 15% Michigan Sug 1 Mich Sug pf .50k Mid Oil cvpf % k. Mid St Pet B vte. Midwest Abr __ Midwest O (%g). Miss Riv P pf(6). 6% 8% 1 3 9% 9% 9% 208 110% 110% 110% Molybdenum __ 8 10 9% 10 Mont Ward A(7). 10s 1461 146t 146% Moore Cop (1.60). 1005 44% 44% 44% Mount City Cop_. 1 11 Nat AuFvte 1%g. 1 31 Nat Bellas Hess. 10 2% Nat Contain .T6g. 4 1214 NatFuel G (1)._. 2 15% Nat Mfg & Strs 1 ™ Nat P& Lt pf () 1008 70% Nat Service_ 1 Nat Service pf _ 1 at 4 Nat Un Rad 1 1% NEngP Apf(6). 508 75l N J Zinc (2a) 2008 8414 N Mex & Ariz 4 NewmMin(1%g). 41 Niag Hud Pow__. 17 Niag H2pf (5)__ b0s Niles-Bem-P (1g) Nipi'g Mns(%g)- Nor Am Lt&Pow. Nor Am L&P pf NAmR A (1.50g) Nor Europ Oil NIPS6%pf(2%k) Ohio Ed pf (6) __ Ohio Pow pf (6) _ Ohio PS pf A (7)- Okla Nat Gas ___ ONGevpf (6) Oldetyme Dist___ Pacific Can (.50g) Pac GRE 1 pf 115 Pac Lgtng pf(6)- Pac Tin spl (2a) _ Pan-Am Air(1)_- Pantepec Ol ParkbgR&R .80g. Pat Ply M (1g) _ Penin Tel (1.60)_ Pennroad (14e) . Pa Wat & Do (4)_ Pepperell (6a) 60 110% 111 109% 109% 13% 13% 101 101 3% 8% 9in 29% 60s 110 3 13% 258 101 3% 20s 1008 27 % Pioneer G1d(.40)_ Pitney-Bow (.40)_ Pitts Forg. _____. (4% R)- Titts Metallu 1a_ Pitts P Gl (4%8) - | Premier G1d .12a. '2| Prod Corp Prosperity B PSInds$6pf _ PSTInd$7prpf . Pug S P $5ipf6igk | Pug SAP$6 pf . Rainbow Lum B._ Rome Cable | Royal Type (4g) Russeks F A (1) Rustless [ & S Rus 1&C v pf2% Ryerson & Lt (48) - 18 Capas s St Regis Pap pf_. ampson Unit___ chiff Co (2) covill Mfg (1g)- Scran Lace 1.20g. al Lock berling Rub elby Shoe 1.60 elected Indus . -1 Ind (al ct)5 34 el Ind pr pf 53 eversky Airc __ ttuck Denn _ rwin-\Wms 4a Silex (.2 5 mmons H&P mplic Pat %g_. onotone (.10g) _. Soss Mfg (1) Sfl\ 1118 % BN 21 4515 1 1 108 1 50s 1 508 4508 1 | So Penn 0il 1 So CalEd pf 1.50a 20g Spencer S 1.05g .. Stand Brew S C&S cv pf 1.60._. Stand Dredg St Oil Ky (1a) .. St 0il Ohio (1) StPow & Lt_____ Stand Prod(%g). StSil-L (.02g) __. Stand Tube B__ Sterchi Br Str 104 13 41y . 100s 119 8 101 2 3y 338, 5la Thew Shovel 61 Tilo Roof (1) ___ Todd Ship (2) Trans-Lux (.20) - Transwest Oil ... Tubize Chat____. Union G Can .60_. Unit Gas__ Unit Gas war Unit Lt & Pow A Unit Lt & Pcv pf Unit Milk P1%;g. Utd Prof S pf(1)- Unit Shoe M 2%a Unit Spec (1.40) USFoil B (%g)-~ US Linespf___. U S Radiator. U S Rub Recl United Strs vte Unit Shipyds B Unit Ver Ext 1g_. Unit Wall P.15g. Univ Corp vte Univ Prod (1g) UtahP&Lpf 1%k Util Pw & Lt (r)_ Util Equit pf 513 Utility Equit__ Utility & Ind____ Valspar Corp vte. Venez Mex Ol Venezuela Petrol. Wayne Knit M__. Wellington Oil Wentworth .2ig West Air Exp Tab & S(2)- -Low Caf (r). Wil-L Caf pf (r)- ‘Willson Prod 1a._. Wilson Jon .25g .. WP&Lpf 1.31% k. Wright Har .40a_ Yestn St1 D 2.50g 3% 3% Yukon Gold .06g 3 2% 2% r In bankruptcy or receivership. or being reorganized under the Bankruptcy Aet. er securities assumed by such companies. Rates of dividends in the foregoing table are annual disbursements based on the last quarterly or semi-annual declaration Un- less otberwise noted, special or extra divi- dends are not included CPald last gear or paid 9% | 9 4% | 813 28 % 21 15% 20 82 64 6% | earnings | proportionate * | clared as dividends, | Power & Light Corp. | solidated net loss of $2,318,936 today | for the 12 months ended June 30. The | Washington Gas Lt. | Amer. Tel. & Tel. 4125 8 Also extra or extras. £ Pasabie In stock. & Declared far this year, no regular rate b Cash stock. k'Accumulated dividend paid Or decinred ‘tals year. — wwo Wit war- rants xw Without warrants. ~war War- ran —_— BANK DEBITS SHOW DROP FROM 1936 LEVEL By the Associated Press. NEW YORK, August 17.—With- drawals from the bank accounts of individuals and corporations in lead- ing centers fell slightly below 1936 in the week ended August 11. Slackening trade this Summer was 8 factor in the downturn, financial quarters said, and the heavy circula- tion of bonus funds last year tended to boost those figures unnaturally. Bank debits in 272 cities reported by the Federal Reserve Board, com- pared as follows: Week ended August 11..$7,489,098,000 Previous week .___ 8,926,982,000 Same period last year... 7,502,168,000 100 TONS OF LEAD SOLD. NEW YORK, August 17 (#)—St. Joseph Lead Co. reports 100 tons of pig lead from Southeast Missouri mines sold yesterday at $6.35 per 100 pounds, Louis g 1 CRUCIBLE STEEL PROFITS MOUNT Half Year’s Net at $3,099,- 796, Against $1,262,512 in Same 1936 Period. By the Assoclated Press. NEW YORK, August 17.—Crucible Steel Co. of America reported for the first six months net profit of $3,099,796, equal to $5.03 a common share. This compared with $1,262,512, or 85 cents a share, in the like period last year. Interstate Hosiery. Interstate Hosiery Mills, Inc, with plants at Bloomfleld, N. J, and Lan- sale, Pa, for the six months ended June 30, today reported net income of $293,642, before Federal undistributed profits surtax, equal to $2.98 a common share, against $182,740, or $1.88 a com- mon share, in the like 1936 period. American Encaustic. American Encaustic Tiling Co., Inc., wall and floor tile manufacturers, witn plant at Maurer, N. J,, for the June quarter reported net loss of $15,966, against net loss of $29,311 in the pre- ceding quarter. ures for a year are available, as the company did not begin operations un- til September 1 last. Hecla Mining Co. Hecla Mining Co., with mining prop- erties, principally zinc, in Idaho, for | | the June quarter reported net income of $187,886, before the Federal un- distributed profits surtax, equal to 19 cents a common share, against $183,- 436, or 18 cents, in the like 1936 quarter. First National Stores. First National Stores, Inc., retail grocery chain in New England States | and New York, reported net profit | for the quarter ended June 26, after charges of $806.835, equal to 93 cents a share, $1.08 a share, in the same period last year. Caterpillar Tractor. Caterpillar Tractor Co. reported net profit for July of $1,104,208, before provision for surtax on undistributed compared with $868,059 in For the seven months Iy 31 net profit was $7,407, 083, compared with $5,349,150 in the like period a year ago. Net sales for the seven months ended July 31 totaled $44.352,888, compared with $32.803,644 in the like period a year ago. July, 1936 ended J Zenith Radio. Zenith Radio Corp., Chicago, re- ported consolidated profit for the quarter ended July 31 of $1.122,184 before Federal taxes, against $706,940 in the like 1936 quarter. American Machine. American Machine & Foundry Co. reported consolidated net income for the six months $59 after charges and including earnings of Interna- Machinery Co. not de- but before Federal surtax, equal to 59 cents a common share. This compared with $518.663, or 52 cents a share in the same period last year. Niles-Bement-Pond. Niles-Bement-Pond Co., ers, Hartford, Conn., tional Cigar for the seven | months ended July 31 reported net income of $822,834, equal to $4.76 a | common share, against $387,032 or $2.24 a share in the like 1936 period. Utilities Power & Light. CHICAGO, August 17 (#).—Utilities figure was after all charges. Loss in :the preceding 12 months was $1,739,- | 819. A trustee for the corporation was appointed in Federal Court last Sat- urday. ; Washington Exchange | SALES. (new)—8 at 2713 AFTER CALL, Anacostia & Potomac 55—$1,000 at 71. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Asked. 0 & 7] 88 79 10477 Anacostia & Pot. 58 Ana. & Pot. Guar. 5s C. &P of Va. g, Gapitai Tr-cuen R R. 55 Gty & Suburban 35 Georastown Gas 1st bs_ . Elec. 3 Pot. s 1960~ Wash. Rwy. & Elec. 45 MISCELLANEOUS, Chevy Chase Club 1st 4! GOl Country Club 1st s W. M. Cold Storage 5s_ STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel (9) Capital Transit Co. & Wash. Steamboat (6) PoL. Elec. Pow. 6 pid. (8) Po. El. Po. 515% pf. (5 Wash.' Gas LC new ( Wash. Ry.'& EL com (3 690 Wash. Ry. & Elec. pfd 1081 BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (e8) _ ¢ Bank of Bethiesda (h73) Capital (4 Com. & Savings (e10) Liberty (4) Lincoln (£6.2: v Natl. Sav. & Pr. Georges BK. & Tr. (50) Riggs (eR) Riggs pfd. (5) Washington (8) Wash. Loan & Tr. (eR) FIRE INSURANCE. American (8) - 105 19 104% 28 1101 Corcoran 1=.> 5 Piremen's (1 Nationa) “Union (.60) TITLE INSURANCE. Golymbla (30) =i al Estate (6) 170 MISCELLANEOUS. Carpel Corp. (2.00) Lanston _Monotype Lincoln Berv. com. Lincoin Service pfd. Mergenthaler Lino. (14) Eaan Easacoms 8320LIBRERARS *Ex dividend. +Plus extra. 2% extra. h75¢ extra. % 30c paid Jun O m 2 L = ® & EARNINGS DISCLOSED BY ANACONDA FIRMS By the Associated Press. NEW YORK, August 17.—Three copper producers controlled by Ana- conda Copper Mining Co. reported pre- liminary consolidated profit for the first half of this year. Andes Copper Mining Co., South American producer, showed $2,219,667 net before depletion, equal to 62 cents a common share. Chile Copper Co., another South American operator, reported net of $11,423,852 before depletion, equal to $2.59 a common share, and Greene Cananea Copper Co., with mines in Mexico, net of $1,067,610, or $2.14 & common share. Comparative figures ‘were not available, No comparative fig- | compared with $928,078, or | ended June 30 of | tool mak- | reported con- | D. C, TUESDAY, AUGUST 17, Corn Crops of Past Compared Esfimated Corn Production on Aug. I, 1937, and Actual Corn Production MILLION BUSHELS 3500 SOURCE OF DATA: U.S. DEPT. OF AGRICULTURE _ 1937. in Previous Years FPLINANCLIAL, *%% A—17 LAG IS REVEALED IN GREDIT SALES Small Gain of Instaliment Buying Contrasts With Jump Year Ago. By the Associated Press. NEW YORK, August 17.—Business observers see the slowing down of ree tail installment sales as an unfavore able factor in the current trade equa~ tion. Installment sales increased only 9.4 per cent in the first half year. This contrasts with a gain in all retail outlets of 9.2 per cent and a rise in installment turnover last year of be- tween 35 and 40 per cent, according to A. W. Zelomek, economist of the International Statistical Bureau, Inc. During the same period regular Baltimore Markets Special Dispatch to The Star BALTIMORE, Md., August 17.—Po- tatoes, 100-pound sack, 80a95; sweet potatoes, bushel, 65al.25; beans, bushel, 60a75; nearby, bushel, 50a90; beets, dozen bunches, 25a30; nearby, bunch, 1':a2; cabbage, round type, | bushel, 20a40; 50-pound sack, 15a30; carrots, California, crate, 1.50a3.00; | Pennsylvania, dozen bunches, 30a35; | New York and Pennsylvania, bushel, | | 60a1.25; nearby, bunch, 11,a3; cauli- flower, crate, 50a2.00; celery, crate, 25a1.85; corn, nearby, sugar, dozen, {10a13; cucumbers, bushel, 50al | eggplants, nearby, half bushel, lettuce, California, Iceberg, |3.0004.25; Eastern, Big Boston, crate, | 40850; Lima beans, bushel, 1.50a2.50; onions, 50-pound sack, 65a1.75; peas, | bushel, 1.50a2.00: peppers, nearby, half-bushel, 20a30; squash, nearby, half-bushel, 25a35; spinach, bushel, 1.00: tomatoes, nearby, half-bushel, 15850; canners’ stock, bushel, 40; apples, bushel, 65a1.00; cantaloupes, packed locally, bushel, 40a50; crate, 25a1.00; nearby, Long Johns, hal bushel, 40 40; culls, half-bushel, 12-quart basket, 40a50; honeydews, crate, 125al.75; peaches, bushel, 250; nearby, half-bushel, pears, bushel, 1.75; | 2225, 15a60; | watermelons, each, Grain Market. Live poultry—Young Rocks, pound, 27a28; mixed colors, 26a27; Leghorns, fowl, Rocks, 21a22; mixed col- ors, 20a21; Legho 14al16; roosters, 12a14; ducks, 14a15. Eggs—Current receipts, dozen, 2la 22; hennery whites, large, 26a28; me- dium, 23a24; receipts, 1,904 cases. Butter—Prints, pound, 34a35; I to fancy, creamery, 32a33; packing stock, 19; rolls, 20; receipts, 490 tubs. | Live Stock Market. 275; offerings mostly cows fully steady with Monday's steady to 25 cents higher marke grass, fat, 6.00a7.50; bulk low cutter and cu 4.50a5.50; emaciated kinds, 4.25 and less; medium and good | grades steers so far this week, 11.25a | 14.00; plain and medium heifers, a9.50; plain and medium bulls, 5.50a | 7.00. Calves, 75; steady with Monday; grade vealers, 10.50211.00; plain and medium grades, 8.00a10.00; weighty | grass calves, dull; few, 7.00a9.00. | Hogs, 550; mostly cents lower than Monday; good and choice, 170 to |210 pounds, 13.20a13.45: top, 13.45; 1220 to 250 pounds, 12.70a13.20; 260 to 1300 pounds, 11.65a12.35; 140 to 160 | pounds, 12.95a13.20; 120 to 140 pounds, 12.45a12.95; good grade packing sows, | Cattle, selling 19.00 downward; hogs from doubtful areas and those fattened on garbage or swill not represented in foregoing prices. * Sheep, 200; around steady with Monday; scarcely enough good and | choice ewe and wether lambs to make market test, but demand apparently | narrow; few small lots, 10.50a11.00; | few good buck lambs, 10.25 down; plain | throwouts mostly 8.00a8.50; sheep | nominal; fat, aged ewes quotable from | 4.50 down. Grain Market. Opening prices were—Wheat, No. 2, red, Winter, garlicky, spot, domestic, | 1.16; August delivery, 1.16. Settling | prices were—Wheat, No. 2, red, Win- | ter, garlicky, spot, domestic, 1.173; August delivery, 1.173,. Sales of car- | goes on Grade 1.18, 1.16, 1.14 and 1.12, respectively, for numbers 2, 3, 4 and 5 red, Winter, garlicky. Corn, No. 2, yellow, domestic, 1.14; Western billing at a premium over this price, cob corn nominal. Oats, No. 2, white, domestic, 55a70; No. 3, 54a69, except grain on track there is an additional charge of 112 cents per bushel for storage and eleva- | tion on all sales of oats. Rye, No. 2, 75a80; barley, 70a75. Hay and straw unchanged. Sea Food Market. Catfish, per pound, 5a6; dressed, 8al0; carp, 3a4; eels, 8al0; haddock, 8al0; mackerel, 5a6: white perch, 8al0; yellow perch, 10a12; trout, 6a7; bluefish, 10al2; flounder: 10a12; spots, 5a6; hardhead, 5a6; croak- ers, 5a6; rock, 10al2; spots, 5a6; butterfish, 6a8; soft crabs, 60a 150; hard crabs, barrel, 3.50a50; | dozen, 30a50; crab meat, pound, 30a45; shrimp, 18a20; clams, large, 100, 80a90; Cherrystones, 60a65; Little Necks, 50a55; frogs, each, 25a36. Tobacco Market. ‘While receipts of tobacco have in- creased the last few weeks, sales have practically kept pace and values under the recent advance are well main- tained, with all grades in good de- mand at the following quotations: Maryland, firm leaf, nondescript, 4 per pound; comon, 4al2; medium, 13a30; good to fine red, 31a40; seconds, com- mon, 4a10; medium, 11a20; good to fine, 21a38 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Offer. Amer Tel & Tel 5155 1943 11 Auburn_Auto Co 4335 1930 Baldw. s 55 1940 Calif Packing corp 5s 1940 Caro. Clinchfi & O 55 1938 Chesapeake & O R bs 1939 Edison Elec Tiu 451830 _ Gen Pub Svc_5'as 193 Grand Rap & Ind 4125 1941 Houston Ol 5%as 1940 10 Intl Mer Marine 65 1041 Lehigh Valley Coal Lehigh Val Tr Rwys Long Island Gen 4s 19:8 Louis & Nash RR 45 1940 Mich Cent RR 4s 1940 Midland RR of N J 5s 1940 Mil & Northn RR 4'as 1939 ., Ch & s Penxia Cement 65 Penna RR Co 4s 1943 Rio Grande Westn 4s Term RR Assn StL 4las '39 Vanadium Corp 5s 1941 Vertientes Suzar G 194! Wabash Rwy Co 55 Wamner "Bros 65 1939 NY & W:.Itltrn vnlon Tel Bl 1“35 crate, | £ ; round, half-bushel, 25a | ¢ 10a20; grapes, | good | N Hecurity Dealers’ Admin Fd 2d_Inc Am Business Shrs__ Am Gen Eq Inc Gen Cap ‘4! Gen s Gr: 50a | 17 630 | 51 INVESTING COMPANIES NEW YORK. August 17 (P.—New York Association: (Noon quotations ) S3SHa3 Sae 3 1 - (ORISR OIPOICI. RS- oun. od See Invest Gnrs Sec Merchandise - (7 —Revenue | roads rep today for wee Atchison Mo 10.60a11.10; stags quoted from around | [ | st | So. Pac W, Mortgage Pac Gt. Nthn Coast Central L-S. Fran abash Property Management UR Property Management Department is equipped to render more and varied service to owners of apartment house and residential properties than you will expect until you consult us—and than we can explain Jjust “what” and how reasonable the fee. B. F. SAUL CO. 925 15th St. at'l 2100 Loans credit sales rose 13.3 per cent, the bureau’s estimates discloses. After the large gain in retail ine stallment sales last year, the trend during the first six months is re- garded as significant. Analysis of the comparative rates of installment buying must take into consideration two factors. Last year payment of the soldiers’ bonus operat- ed to quicken the speed of credit buying. The other aspect of the comparison is the fact strikes in in- dustrial areas this Spring served to bring enforced economy to those tem- porarily thrown out of jobs. Alleghany Vote Delayed 30 Days To September 16 By the Associated Press. BALTIMORE, August 17.—Meetings of both the Alleghany and the Chesa- peake Corps., key holding companies in the Van Sweringen railroad system, were postponed today for 30 days, to September 16. The meetings were called today to approve a merger of the two com- panies, but a permanent injunction | barring the merger was issued by Judge l DOLLAR GOES DOWN Samuel K. Dennis in a State court IN LONDON DEALINGS yesterday. The majority of the stock- By the Associated Press. holders voted to postpone considera- tion of the now outlawed merger until LONDON, August 17.—The United States dollar closed 4.98% to the next month. The injunction did not ban the meet- | pound in today's foreign exchange ings, but did forbid the stockholders | market, a net loss of 14 of a cent, to approve the merger. compared with a like rate for sterling in New York yesterday. French francs ended 132.87 to the pound, against 13181 the day before, PARIS, August 17 (#)—Rentes, 3 per cent, 74 francs 35 centimes; 428 “A", 78.05; 4!2s, 1937, 100.60. Exchange on London, 132.34. dollar was quoted 26.65 NEW YORK SUGAR today. —————e RAIL NEEDS REPORTED NEW YORK, August 17 (#)—The Union Pacific Railroad Co. was re- ported in rail equipment circles to be inquiring for 50 box cars and 25 gon- | dola cars, and South African Rail- | ways & Barbours for 300 cattle cars. | The STOCKHOLDERS TO VOTE. NEW YORK, August 17 (#).—A special meeting of the stockholders of Spencer Chain Stores, Inc., has been called for August 23 in Boston to vote on the issuance of 60,000 shares of new $20 par convertible preferred | a stock and 120,000 shares of additional } common. The common will be held for conversion of the preferred. was firmer on_ incr mission house buy :amrsw action ased % on wa 113 and Mav ac below the previous -~ $6,000,000 CONTRACT LET. NEW YORK, August 17 (#).—Fer- nandina Pulp & Paper Co. has award- ed a contract for construction of a | $6,000,000 paper mill at Fernandina, | Fla., to Rust Engineering Co. of Pitts- | burgh, it was announced. REAL ESTATE LOANS 5% s srntess FRED T. NESBIT PROPERTIES. 1010 VERMONT AVE DISTRICT 9392 THE LAST MINUTE COUNTS The fate of crops and prices for cotton, corn and wheat is decided by developments in the critical weeks of August. Because of the vital importance of last minute information, all offices of this firm have available the latest Federal and private crop estimates and daily weather reports from cotton and grain states. Mills, merchants and other trade accounts are invited to con- sult this firm’s letters on the principal commodities. FENNER & BEANE Members New York Stock Exchange and other leading Exchanges Southern Building, 809 15th St. N.W Telephone National 7000 First MorTcace Loans District of Columbia, Nearby Maryland and Virginin 5% Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY INCORPORATED Business Properties Homes Apartments MORTGAGE LoOAN CORRE SRONDENT ./le////@ml .(// Snsurance gm/flz}' 1321 Connecticut Ave. NN\W. Telephone: DEcatur 3600 REAL ESTATE LOANS On 1 mproved property in D. C. and Arlington County, Va. RELIABLE L] OFFICERS' NO COMMISSIONS RENEWALS UNNECESSARY V{ppuafim invited for LOANS on improved real estate in Washing- ton and Arlington County, Virginia. Rates and terms commensurate with security offered. Before you re- finance, build or remodel—See us. Charles Kattelmann... President Arthur C. Balser_____ Wilfred H. Blanz. Guy M. Neely __ Vice President -- Secretary Treasurer ‘The American has been helping the people of Washington to acquire homes for the past 63 years. American Building Assoriafion ASSETS TELEPHONE LL 0130 300 Pennsylvania Ave. S. E. OVER $9,700,000 UNDER U. 8. GOVE SUPERVISION