Evening Star Newspaper, August 18, 1937, Page 16

A—16. xxx A.1.B. EXCURSION PLANNED FRIDAY Vore Than 300 Expected to Take Annual Trip Down Potomac. BY HAROLD B. ROGER. Plaas have been completed for the "nnual moonlight excursion of the Vashington Chapter, American Insti- ute of Banking, next Friday night. Tore than 300 are expected to partici- ate on the trip, arranged by William [. Laughlin, president of the chapter, nd the Entertainment Committee, eaded by George M. Rowzee, jr., of incoln National Bank. The Entertainment Committee in- 'udes also Donald Hollingsworth, ames Bruen, Stephen O. Porter, Wil- am Offutt, Ralph Mittendorf, George alleher and Frederick A. Dawn. The schedule calls for the excursion aving on the Wilson Line steamer ity of Washington at 8:45 p.m. from 1e Seventh street wharf. There will dancing to music by the ship’s or- restra. President Laughlin and the Edu-! itional Committee of the institute are | orking on the educational program | the organization for Fal. An- ouncement of forthcoming plans is xpected soon. Trade Outlook Favorable. The outlook for business in the Fall nd Winter months is characterized 7 the National Association Credit len as “highly encouraging.’ The presence of four important fac- s, says the monthly business re- iew by the executive manager, “should ntinue to accelerate business in the eeks ahead, culminating in a holi- 1y trade equal to or somewhat better 1an last year.” The stimulants to better business in le coming months listed by the as- ciation are: “1. Since the farmers are going to ave an increased income, the farm- 1g areas will be particularly good ter- itories for increased business “2. Interest rates are conducive to ealthy business expansion. “3. In the heavy goods industry eeds are far from satisfied “4. Labor, receiving a more gener- us share, will satisfy more consump- ive wants.” Railroad Revenues Rise. Railroad revenues are on the sharp ipswing. This was indicated in pre- iminary reports from 90 Class I rail- oads, representing 78 per cent of the otal operating revenues, howed, according to the Association | *f American Railroad: n July, 1937, had estimated or evenues amounting to $280.041,407 compared with 2924271 in the same month of 1936, and $: 255,661 in the same month of 1930. Operating revenues of these roads in July, 1937, were 2.6 per cent above those for July, 1936, but 21.2 per cent below July, 1920. Freight revenues of the 90 Class I railroads in July, 1937, amounted to $223,633.436, compared with $221,203,- 637 in July, 1936, and $271,310,694 in July, 1930. Freight revenues in July, 1937, were 1.1 per cent above the same month of 1936, but 17.6 per cent below the same month in 1930. Passenger revenues in July, 1037, according to these preliminary re- ports from 90 Class I railroads, totaled $32,731,408 compared with $30,523,- 991 in July, 1936, and $52.777.754 in y, 1930. For the month of Jul they were 7.2 per cent above the same month of 1936, but 38.0 per cent below the same month in 1930. Transfer Is Authorized. The board of directors of Perpetual Building & Loan Association has au- thorized the transfer of $200,000 from which | that these lines | ting | undivided profits to the surplus ac- | count of the associatio: nounced today by Edw C. Baltz, secretary. This brings the surplus account of Perpetual up to $1,800,000 During the first half of 1937 the loan associations in the Winston- Salem Home Loan Bank district, in- cluding this city, made loans for con- struction purposes of $16,102,000, ac- cording to a report by the Federal Home Loan Bank Board. Washington participated largely in this report, as 20 building and loan associations here are members of the Home Loan Bank system. In the Winston-Salem district, ac- cording to the report, cost of labor used in a six-room house increased 3 per cent over March. Material Pprices increased 2 per cent during the same period. Potomac Electric Power 6 per cent preferred was active on the Washing- ton Stock Exchange today, changing hands in five blocks at prices rang- ing from 113 to 113'%, back to 113. The same company’s 5'2 per cent preferred sold at 11015, Capital Trac- tion 5s went at 86, while Anacostia & Potomac 5s went at 70. Personal Mention. E. C. Graham, president of Hamil- ton National Bank, is enjoying a few days’ vacation on his boat, cruising the Chesapeake Bay and other inland waterways. According to latest reports he was at Wilmington, Del. C. J. Goeckler, assistant vice presi- dent of the Hamilton National Bank, is visiting his mother and sister at Ventnor, N, J. C. E. Kefauver, secretary of the Oolumbia Building Association, will leave next week for a trip to New Eng- land and Canada, — . CRUDE OIL OUTPUT SET AT 3,509,300 BARRELS By the Associated Press. The Bureau of Mines estimated to- day a daily average production of 3,509,300 barrels of crude oil would be | required to meet the Nation's demands for September. The estimate was 46400 barrels higher than August and 476,900 higher than a year ago. ‘The Bureau said in its monthly fore- east that crude oil production during the five weeks from June 26 to July 31 averaged about 3,571,000 barrels daily and that during that period crude ofl stocks increased 571,000 bar- Tels net. it was an- NEW YORK SUGAR. NEW YORK, August 18 (#).—Sugar futures were irregular today. The No. 4 contract was active on extensive evening-up in September as result of issuance of 1209 notices. That de- livery broke 3!2 points under early selling, but rallied later. The more distant positions held relatively steady. September No. 4 was 1.11 and March 1.2415, or 2'; points lower to net un- changed, at 2 o'clock. Sugar futures No. 3 closed barely steady, unchanged to 3 lower. Sales, 12,250 tons. September, 2.51b; No- vember, 2.46n; January, 2.40b; March, 2.41b; May, 2.42b; July, 2.44b. »—Bid. n—Nominal. FINANCIAL THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY AUGUST 18, 1937. FINANCI TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Prev. 1037 High 2284 28% 43, 80k Bl 15% 5y 113 481% 90 23 104‘a 623 517 Stock Low. Dividend Rate. 15 Adams Exp (.308) . 2215 Adams-Millis (2)_. 2 Advance Rumley 641 Air Reduction (1a). 24 Air-Way E1Ap Alaska Jun (.60a).. Alleghany Alleg pf $30 Allegprpf________. Alleg Steel (1.20g) Allen Indus (1) Allied Chem (6) - Allied Kid (1a) Allied Mills (2g) Amerada (2) Am Bank Note % g_. nk N pf (3)__ Am Brake Sh pf 514 Am Can (4a) _ Am Car & Fy (% Am Chain & C(3%g). Am Chicle (4a) 4 Am Colortype_ 2014 Am Comel Alco_.. Am Crys Sug pf(6). Am Encaustic Til__ Am & Forelgn Pow.. Am&FP$6pf ___. Am & For Pw $7 pf.. % Am & For Pw 2d pf. « Am-Hawailan S (1) Am Hide & Leath _ Am Hide & L pt (3). Am Locomotive ___ Am M & Fdy (%g)- Am M & Met (.45g). Am Metal (%8)_. Am Pow & Lt ____ AmP & L $6 pf (6)_ Am Rad & St S(.60) Am Pon Mill(a 10;) difl,\ Raz ( ating (3g) - Am Shipbldg (2a) __ Am Smit Am Snuff Am Tobacco (5) Am Tobacco B (5 Am Tob pt (5) Am Type Fdrs Am Wat Wks (.60g) Am Woolen —e 3 Am Woolen pf(3K)_ AmZmneL&S _ Anaconda (% g) Anchor Cap (.30g AP W Paper Arch-Dan-M 1.5 Armour Del pt (7) Armour 111 (.55g Arm 111 pr pf (6) Armst'g Ck (1.50g)- Arnold Const (%g). Artloom______ Asso Dry Goods. Assoc Invest (3) _ Asso Inv pf xw (5)_ Atch T &S F (2g) Atchison pf (5) . Atlantic Coast Line. At1Gulf & W Ind . Atl Gulf&W Ind pf_ Atlas Corp pt ( Atlas Tack (.308)— Auburn Auto__. Aviation Corp_ Baldwin Loco (r) Baldwin Lo pf (r) - Baldwin Loc asd(r) Baldw Lo ctfs wi. . Baldwin pf asd(r)-. Balto & Ohio__ Balto & Ohio pf_ Barber Co (% &) Barker Bros ker pf (2%)-. arnsdall (1) Beatrice Cr (1a) .__. Bendix Aviat.75g - Benef Ln (1. Best & Co (2 Bethlehm Stl Beth St15% pf (1) _. Black & Deck (%g) Blaw-Knox (.45§) Blumenthal pf Boelng Airpl _____. Bond Stores (1.60)_ Borden (1.60) e {2)__. 1l Be(2g Eridseport Br .40g_ nA(\’“pf 2 n Un Gas 2.30g. Budd ‘\!rh Budd Mfg pf. Budd Wheel lova Watch (4a). riington Mills(1) Burr Ad Mch(.65g) Bush T Bld pf ct(r) Butler Bros (.60) _ Butler Bros pf(114) Butte Copper & Z Brers Byers Co pf = Byron Jack ((1g)- Calif Pack (13%a) lahanZ-La. ___ um & Hec 1.10g 24 Campbell Wy (1)_ 231 Canada Dry G Ale. 11% Canadian Pacific 30 Carpenter St1.35g_. 6% Carriers & Gen .10g. 112 Case (J I) pf (7) 85 Caterpillar Trac(2) 1021 Caterpillar T pf (5) 26% Celanese (13;g) 3614 Celotex (.80g) 73% Celotex pf (5) 30 Cent Aguir (1% 614 Central Fdy.__ 18 Central RRNJ 98Y% Century R M pf (7). 60 Cerro de Pasco (4)_. 111, Certain-teed _ 4815 Certain-teed 6% p 35'3 Champ Pap & F (2 14'x Checker Cab Mfg_ 67 Ches Corp (3) '% Ches & Ohlo (2.80a) 904 Ches & O pf A (4) 24 Chi & F: X 8% Chi Gt West pf (r)-. 24% Chi Mail Or (1%a)_. 3% Chi M S Chi Pneu Tool ChiPneu T cv p: 2 ChiRI&Pac(r) _. 4% CRI&P 7% pf (r). + 9% Childs Co.__ 94 Chrysler (78) - 7% City Ice & F (2 80 City I&F pf (6%)_ 60 City Investing(2g) - 6% City Stores.__ 321 Clark Equip 1.30g _ 102% Clev El Illu p£(43%) 35 Clev Graph Br (1g). 86 Clev & Pitts (315) . 23% Cluett Peabody (1). 5613 Coca-Cola A (3) _ 17% Colgate-Palm (). 102 Colg-Palm pf (6) 474 Collins & Aik (4g8) . 31 Colo Fuel & Ir (1g). 15 Colo & South ____ 15% Colo & South 1st pt. 28 Col Brdcstg A 1.058. 10 Colum G&E (.208) - 80 Col GEE pf A (6)_—. 56% Comcl Credit (4) 63% Comcl Invest Tr(4). 13 Comcl Solv (.60) .- 2 Comwlth & Sou—_—— 46 Com & Sou pf (3)--. 11% Conde Nast._. = 34 Congoleum-Na (2) . 19% Consol Aircraft ... 9% Consol Cigar______. 311 Consol Edi (1.50g)— 991 Consol Edis pt (5)-. 214 Consol Film _ 814 Cons Laundries 1413 Consol Ol (.80a) - 414 Consol RR Cuba pf- % Consol Textile. 814 Consol Coal 33 Consol Coal pf 20% Container (1.20)_. 184 Contl Baking A. 214 Contl Baking B 50 ContlCan (3) _ 18% Contl Diam Fib(1g) 385% Contl Ins (1.60a) . 2 Contl Motor__ 89% Contl Oil(D'l)l“K. 61% Corn Exchange (3)- 54% Corn Prod (3) ceeea. T 00 = T e P YY) o Swadom 18% 25 1177 1 By Erivate Wire Direct to T The Star. and Bale, Net Add 00, High, Low. Close. chie. 18'% 25 211y 59t 1007 10 115% 184 — 4 5 1615 1693 T9% PEEY b4 FE) [ e U - FEEEFLRLESELER FERFS TH0 L+ 1+ R B B | 3t 60% 18% 38 24 — % AT + Y% €3 671 - % 8 + % 61 +1 [l FR Prev. 1937 High, Low. 121 115 28% 1007 25% 1083 81% 3 17% 147 127 20% Stock and Dividend Rate, 11814 Crane Co pf (7) - 100% Crane Co cv pf (5) 1814 Crosley Radio 68 Crown Cork (2) 16% Crown Zeller (% &)~ 94% Crown Zeller pf (5) 51 Crucible Steel 1% Cuba Co ____ 8% Cuba R R pf 7% Cuban-Am Sugar 109% Cub-Am S pf (10k)- 150- 8% Curtis Pub____ 65 Curtis Pub pf (7) 5 Curdss-Wright_ Curtiss-Wright A Deere & Co (18) . Deere & Co pf (1.40) Deisel-Wem-G (1) . Del & Hud . Del Lack & W Detroit Ed ( 16% 1043 254 Diamond Mat (1a) Diam T Mot (%g Dist Corp-Seag . Dist C-S pf ww (5) _. Dixie-Vortex (133)- Dixie-Vor A (2 Doehler Die C (1g)- 4 Dome Mines (2a) Douglas Afrcraft Dow Chem (2.60g) 3 Dresser B (le) . Dunhill Intl Duplan Silk (1) 815 Du Pont deN (44 g). 353 130% Du Pont deb (6) . 198 151 Eastman Kodak (8) 163 150 Kastman Ko pf (6)- 371 aton Mfg (1%g)- 16 itingon Sch 29 1 Paso N Gs(1.60). lec Auto Lt 1.40g. lec Boat ¢ Pow & Lt lec P & 1. §6 pf_ lec P & L pf lec Stor Bat (2) 1k Horn Coal pf__. ¥ndicott-John (3) .. Eng Public Service- quit Off Bldg- — mmee ASm =D uum Cl. ans Prod (1) Fairbanks Co rbanks rbanks A ajardo Sugar(ig) - ederal Screw ____ ederal Wat Sve A irst Nat Strs(213). Flintkote (1) i Florence Stove(1g). a2 Follansbes Bros - oster Wheeler Freeport Sul (1g) - “uller 2d pf. abriel A__ Gair (Robert) _ Gair (Roht) pf (3) iar Wood Ind (&) Gen Am n Real & U Gen Refract a Eq ( nTime In (1a)- Goodrich ( Goodrich pf - Goodyear T&R 1.5 d Union pf 2k_. e Cit Stl (1) 2 t (WT) (1.402) 10 t Nor Ry pf - 24 Grt Nor Orect(%g) 5 Gt West Sug pf(7). 108 een (HL) (1.60a) 7 Greyhound (.80) 12 Guantanamo Sug. 1f Mob & Nor pf. ck Water (%g) . Hamil Wath pf (6)_ Harb-Walk (1.50g)- Hat Corp A (.608) 20 i 1 1 . 4 1 1 5 1 Hercules Mot (1 Hercules Pow Hersh cv pf (4a) Holland F (1g) Hollander (1) Holly Houd-Her B ( Houston Ofl __ Howe Sound (3a)__. Hudson & Man Hudson Motor. 1lupp Motor- Illinofs Central. 111 Cent LL (4) - Indian Refining_ Indust Rayon (2) . Inland Steel (4a) Inspiration Copper—. Inter Rap Tran (r)- Interchem Corp(2) - Intercontl Rubber__ Interlake Iron Intl Agricul_ Intl Harvestr (213). 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_ Intl Ry Cent Am_ Intl Ry Cent Am ct_ Int Ry Cent Am pf_. 9708 Intl Tel & Tel _ .69 Interst DepS2%g-. 13 251 Island Crk Coal (2). 3 6713 Jewel Tea (4) 2 120 Johns-Manville (3). 1 117% Jones & L pf (314k) 508 28 Kalam Stove (1a, 15 Kansas City Sou_._. 12% Kelsey-Hayes A ___. 915 Kel-Hayes Wh B___ 51 Kennecott (28) 1414 Keystone S&W (.60) 37% Kimberly-Clark (1) 5 Kinney (GR)_.___. 44 Kinney (G R) pf. 30 Kinney prpf_ 20% Kresge (S S) .90g 31% Kress (S H) (1.60)_ 18 Krozer Groc (1.60)_ 15% Laclede Gas 1814 Lambert (2) 5 12 Lane Bryant(lg).. 17 Lee Rub& T (1g)__ 32 Lehigh Port C (114) 1% Lehigh Valley Coal. 8% Lehigh Val Coal pf. 134 Lehigh Valley R R_ 36 Lehman Corp (1a)._. 14% Lehn & Fink (1% )_. 40 Lerner Stores (2a)_ 58% Lib-Ow-Glass (3g)_ 9% Libby McN & Lib__. 94 Liggett & M B (4a)_ 59 Lima Loco (1g) 511 Link Belt (2) 241 Liquid Carbide . 6414 Loew's Inc (6g). 1 £ 50% Lone Star Cem (3)_. 5% Long-BellA ______ 20 Lorillard (P) (1.20) '« 19% Louisv G&E A 13 _. 29% Ludlum Steel (1)__. 21 McCall (2) _ 143% McCrory Strs__ 40% McGraw Elec (2)__. 32% Mclntyre Pore (2)_. 3114 McKeesport T (2).. 12% McKesson & Rob__. 42% McKess & R pf (3)_ 12% McLellan Stra(%g) 40% Mack Trucks (1)._. 44 Macy(RH)xrts(2a). % Macy RH rts Sep 3., - o o n Do 55 N et 0009 N 10 8 o » = 1051z 45 11 47 1178 34 1601 114 20 9% 21% 1955 160 34% 124 261 4015 10512 441 Net |, Prev.1037 Add OD High, Low. Close. chu High. Low. 1 116§ 1168 1164 + e - ¥ -2 s 1y 114 20 T9% 21 100% {RL L b IR A 1+ +++ SEEFEE SF SES t++1+0 011+ !‘*x#**##ii‘ififi 6% 1.l 4 - Stock and Dividend Rate. 10% Mad Sq Gar (1.15g). 6% Man Ry mod gtd(r) 3% Maracafbo Ofl_____. 9% Marine Midl (40a)_ 7 1% Market StRy______ 308 2% Market St Ry 2d pt. 1005 18% Marshal Field_. 16 18% Martin (Glen)_. 7 Martin-Parry 48!5 Masonite (1 32% Math Alkall (1%)__ 51% May Dept Strs (3a). 8 Maytag._.____ 97 Maytag 1st pf (6 25 Mead Corp (1g) 67 Melville Shoe (5)__. 9% Mengel ___ 5 4 Mengel 5% pf(214). Merch&Min (1.60) _. Mesta Mach (2%g)- Miami Copper. ___ Mid-Cont Pet (%g). Midland Steel (2) _ Midland Stl 1 pf(8). Minn-Hon Reg (3)- Minn-Mol Imp_ Minn-Mol Imp p! Mission Corp (1g. Mo-Kan-Texas Mo-Kan-Tex pf. Mo Pacific (r) Monsanto Ch 1%g_ Montgom Ward( Mother Lode_ Motor Prod (1%g) - 3 Motor Wheel (1.60). Mueller Brass (1a). Mullins Mfg (B) Mullins pf (7) ___ Murphy (G C) 3.60_ 4 Murray Corp_______ Myers & Bro (2g) - Nash-Kelv (1) Nash Chat & StL atl Acme (14 g) atl Aviation _ atl Biscuit (1.60) atl Bnd & Inv 1.44 atl Cash Reg(%g) atl Dairy P (1.20). 15 atl Dairy pf A(7)- 10 atl Dept Strs 2 Natl Distill (2 30 52 d 109 Bales— Add 00, R b 4 3 16% 1644 6% 14% 84 614 307 108 96 11 88l 237 5l 21 S 1 Malleable(1g). 1Pw & Lt (.60)_ Natl Steel (1.2 atl Supply atl Supply pf 34k atomas (.80) Newberry 11 (2.40). \m\hrn % pi(5) Newport Ina (1% g) Y Alr Br (1%€, Y Central __ Y Chi & St L pf_ Y C Omnibus 9 2 Y Dock- 10108 Y Dock pf._ 2 EN 20 14 9 €)= 508 17 3 b3 4 4 % Y Ont & Weat (r) \ Shipbldg ._ Y Steam $6 pf-. orfolk Sou (r)_. orth Am Aviat orth Am (.60g) North Am d pf(6)- Northern Pacific __ Northwest Tel (3)_. Norwalk T & R Ohio Of1 (1,8)_. Oliver Farm_. Omnibus X Omnibus pf (8) __ Oppenheim Col 15g- Elevator .£0g Owens-11 Gl 1% & Pac Coast__ Pac Coast Ist pf. Pac Coast 24 pt_ Pac Gas & El (2) Pac Lighting (3) Pac Mills (1g) 3 Pac Tel & Tel (8)_ Pac West Ofl (. Packard Mot (. Panhandle pf (r)_ Paraffine (2g) Paramount Plet_ Paramount 1 pf (6) Paramount 2 pf(.60} 2 Park & Tilford (2). Park Utah Tarke Davis(1.40g9. Parker Rust-Pr1%. Tarmelee Trans. Pathe Film _ T'atino Mines Peerless Corp Penick & Ford 1% z. Penney (J C) (28)-. Penn Coal & Coke _. Penn-Dixie Cement. « PennR R (%g) ___ Peoples Gas Lt & C- « Patro Corp (40g) feiffer Brew .90g) . Phelps Dodze 1% 8- Phila Read C& 1 Philip Moris(3%g)- Phillips Pet (2a) Phoenix Hosiery Pills Flour (1.60)_ Pirelli (1.68%g) Pitts Coal . Pitts Coal pf ke Pitts United Plymouth O11(.70g) Toor& CoB - Porto R Am Tob B_. Postal T & C pf (r)- Pressed Steel Car Press St1C2pf 2} 4 Procter & Gam (2a) Pub Sve N J (2.60) Pullman (13%) Pure Oil____ Pure Oil pf (8) Purity Bak (.45g) Quaker St Oil (.70g) Radlo Corp... Radio cv pf (333) . Radio-Keith-0 (). Raybest-Man (1%). Reading 2d pf (2) - Real Silk Reliable Strs (1) Rem Rand (1.058) . Rem R pf ww (413) Reo Motor ____ Republic Steel ____ Republic St pf A(6) Revere Copper & B Reynolds Met (1) Reynolds Spr (1) _. Reynolds Tob B (3) Ritter Dental (%2 &) Roan Antelope 1.11¢ Ruberoid (.64) - 46 Safeway Strs (2) . “1 103 Safeway Strs pf(5). 113 104% Safeway 7% pf (7)- 66 43% St Joseph Lead( 4% 2% StL-San Fran (r. 11% 4% St L-San Frn pf (r) 2716 1414 Savage Arms(.75g) 51% 38% Schenley Distill(3). 98% 93% Schenley pf (5%)-- 3% 11 Schulte Ret (r)._. 23% 121 Schulte Ret pf-. 112’\ 107% 13% 6‘) 38 Net | Prev, 1937 igh. !n'. Close. chge. | High. Low. 3% 13% 13% 45% 2% Slos: Sou Am u Cal Spear & Spiegel Stand B St G&E Stand O Stand O! Stand O Stone & ither] fexasC Tex Gul The Fai Thermo 015 01y 4 41 81 0% 4% Tide-W Timken Tri-Con 4 Twin Ci Twin Ci 10014 91 111 2814 148% 'n Bag 'n Paci 'n Paci 2 nit Dy | 1 UnitGa 1137 102% Unit Ga 161y 613 24% 15 347 1515 137 10315 171 156 S Lea 78 Lea Rea Vadsco i+ Va Iron Vulean 144111 Walker Walker Wayne Wells F: West Al West U Wilcox Wilson Wilson 20% Yellow Approximate Sales 11:00 A.M._. 1:00 P.M.. tion. included. x Ex diyidend, st year, = vei 15 Zared this vear, Southern Ry .. Southern Ry pf SoRyM&Oct (4). Stand Com Tob 4 Stand Gas & El (r)_ $tand G & E pf (r) _. Std G&E $6 prpf (r). Superheater (1. Superior Oil. Superior Steel Swift Intl (2) - Symington ww % Symington xw . enn Corp (% Texas Gulf Prod __ Timken-: “n Carbide (2 Jn Oil of Cal (.858) 'nuorr-pun 3 ‘nit Drug (%g) .. 9 13 + W Rubber Rubber 1st pf__ Unit Stockyds (% Unit Stores A Univ Pictures 1st pt UUlP &Lt A (r) Wabash Ry (r) 2 Waldorf Sys (1.20) _ Walgreen (2) ._____ Walgreen pf ww 414 Woolworth (2.40) - Worthington Pump Worthington pf A__ Wrigley Jr (3a) Yale & Towne (.60). f Pavable in stock. g hCash or stock. Stock and Dividend Rate. 38 Scott Paper (1.058). 1% Seaboard Alr L (1) 4 Seaboard A L pf (r) as% Seaboard Ofl (1) SearsRoeb (3) Servel Corp (1a) Sharon Steel (1.20). Sharon Stl pf (5)__. Sharp & Dohme Shell Unton (%g) - Silver King (.65g) Simmons (1g) hefTt Smith & Cor (%hg Snider Pacis (17, 1 Socony Vac .508) Adfl 00. Hlnflx Low. Close. chn 608 2 42 3 ds&l IO x 217 G&P (.10) 60 Sou Po Rico Sug (2) 1 Edis (1%a) 1 23 13 4 Sparks With_ Co 4 ’xmcer Mig. ... Inc (%g) Spiegel pf (415) rands (.80). 7% ppf(r). il Calif (1a) il Ind (1a)_. iINJ (1a) . Sterling Prod(3.80). Stewart-Warn( Web._. d Pap 1.60a. R I R 48) - orp (2) +101+1 £ Sul (2a) - Tex Pac C&O (.40)_. Tex Pac Land Tr. rpf (7 id Third Ave Thompson-Star Tide-Water As(1a). Aspf (412) Det Ax(2e) Roll B(3a) Transamerica new_ Trans & West Afr__ t Corp (%g) Truax-Traer (.80) 20th Cent-Fox (1g) tyRT i ty pf (Tk) - “nd'w’'d-El-F 3.2 &P (2)._. 08) fic (6) fic pf (4) ‘n Tank Car (1.60) Tnit Aircraft (13g) 'nit Air Lines __ _ ‘nit Biscuit (1.60)_ “nit Biscuit pt (7) ‘nit Carbon (4) __ rr Fast (2). 3 ewood (1a)- ‘nit Elec Coal & nit Eng&Fy 1.50g. Init Fruit (3)_____ sImp (1) _ s Imp pf(5) Paperbd (.30g) & Foreign Sec__ Hoffman Mach . Indus Alco ther ther A _ Pipe ( Ity & Imp__ i » Vanadium Steel Va-Caro Chem \ Ll&Pv\rnf‘G) Valr Coal & Coke _ Coal & C pf. Detin (3g)._. HG&W(2) . HG&WDL(1 16 « Walworth Ward Ba Pump(1%g argo 508 4 We: snnO&S(‘:a) 3 W PenEIT% W Penn P 6% pf(6) 208 308 pf (7) 2 1007 13 uto Sup 1.60 x 29% Western Maryland Western Pac__ Western Pac pf_ nion Tel (3). Westinghse Air (1). Westhse EI&M (3g). Weston E1 In(%g)- Weston Elec & (2) - Wheeling Stl__ Wheel St pf ret 2} White Motor White Rk M Sp 1. White Sew Mach Oil & Gas.. & Co (%) $6 pf (6) .. 19 1 27 6 10s 10975 70 53 Truck . T4% Youngstn S&T 1%28 30 Zenith Radio(1%g) 4% Zonite Prod_.__ of Stocks on the N. Y. Stock Exchange, B8 S5 Bk 180,000 360 000 12:00 Noon. 2:00 P.M. 390,000 - 450,000 Total Sales for the day, 700,000 sUnit of trading 10 shar rIn bankruptey or rcenel’shlo or being reorganized under DATKIUpley BGL. OF FecUTitics aseumed by Suh Compantcs. tes of dividends in the foregoing_table bursements based on the last quarterly or sem! Unless otherwise noted. special or extra xr Fx rights. a Also extra or extras. e Paid Declared or paid so far this k Accumulated dividend paid or de- NEW YORK COTTON By the Assoclated Press. NEW YORK, August 18.—Cotton declined today under scattered selling promoted by somewhat more favorable weather reports and Washington ad- vices indicating farm officials had recommended loans on this year's cot- ton crop at 9 cents, coupled with a subsidy to assure producers a return of 12 cents. December sold off from 10.31 to a point of the low. Prices generally were 7 to 9 points net lower. Cotton futures closed steady, 15 to 16 lower. High, Low. Qctober 1037 1011 December 031 10000 January 1 March YA July Spot_quiet: n—Nominal. Close. 015 01l 018 918 54 10 middiing, 104 New Orleans Prices. NEW ORLEANS, August 18 (#)— Near months dropped sharply today on the cotton market here on reports of bullish weather in Northern Texas. After a steady opening at net ad- vances of 2 to 4 points, increased sell- ing partislly offset by trade and short buying sent October option down to 10.15, and in midafternoon was within | £ 10.18, or 12 points under yesterday's close. December traded at 10.23 near the beginning of the final hour, 9 points net lower. Transfers from near to distant months raised July to 10.63, or 12 points up from the previous close. January sold at 10.45, March at 10.49 and May at 10.42, CHICAGO PRODUCE. ust 18 ().—Poultry. about steady. 3 {ryers, colored. 31} ‘White Rock, 22: bare- 20: snrmu colored. T4%5: " Leghorn hens, acks, 18: 21; Plymouth S barebacks, roosters, roosters, " turkeys, ' Ne o turkevs: 13 colored. 414 pounds up 17%a: small, 15% old geese, 1 A5 Butter, 11703 cials B (& Creamery, 2 econds ' (84-87 Viandards, (H0r contzaiited. cariois). Eggs, 11.034; steady, prices un: changed. Potatoes. 44: on track, 125: total U. 8 1 steady’” sunplies Sacked per Idaho 'Bliss Triumphs. U. 8. No 1. yashed, 1.70-50; unwashed S. mmmercm ed 1 0 nks, U. 8. N . g:lct‘lcfllg 4;)reeol_n-om nflm 'r?flx‘ ~clipped . 1.25-40; 58 im| . leo. wi E:gn 1.75: Utah Bli NEW YORK LIVE STOCK. NEW YORK, August 18 () (State Department of Agriculture report of New York and Jersey City live stock markets) —Sheep and lambs, 870, in- cluding 700 direct; Spring lambs fair- ly active and steady: good to choice, 11.65; merely good, 11.00; bucks, 1.00 less; common throwouts, 7.50; sheep nominal. Egg futures closed firmer. frigerator firsts, October, 24; 5 cars. Dressed poultry firm. Pruh and frozen unchanged. Depth Finders Find Hippopotami. When Imperial Airways converted its England-South Africa service re- cently from a land plane to a flving boat run, a group of engineers with depth-finding equipment were flown out from England to take necessary soundings on the rivers and lakes to be used. Several times the scientific paraphernalia revealed underwater “obstructions” which, on investigation and prodding, turned out to be hippo- potami and swam away. Re- sales, The Emperor Domitian of Rome is known as “the last of the 12 Caesars.” +14% | 4% 40% 1% AL. RAIL STOGKS OFF INSLOW MARKET Coppers and Specialties Show Resistance—Late Sales Bring Losses. Stock Averages Net change. Today noon. 99.2 Prev. day. . 99.1 Month ago.. 96.2 Year ago 1937 high. 1937 low... 14619 153.9 184.3157.7 1927 low.. 51.6 953 618 61.8 (Coraplled by the Assoclated Press.) BY VICTOR EU flA\K Associated Press Fir NEW YORK, Augu: ]fi— Softness in rails and resistance of coppers and specialties provided a slow stock mar= ket with cross currents tod Late selling moved generally the list and brought tions to a point throuzh losses of frac- or more, Trading got off to a slight start. Later demand for steels prompted by bright news from the dustry and coppers had the benefit of cable gossip that the decline in metal | prices abroad had spen Higher Rail Costs. Further Wall Street emphasis the wa costs have eate ¢ earnings acted as oup. Sober food for thought was up to traders by President G | New York Stock Exchange. annual report he said market | has been threatened by regulation This, together with continued strife in the Far East. put the financial dis- trict in a waiting mood. brokers said Transactions approximated 630,000 shares. Shares which put up the best show- ing most of the session were U. 8. el, Bethlehem, General Moto: Montgomery Ward, Anaconda, Kenne- cott. Westinghouse. Omnibus, Inters national Mercantile Ma Chalmers, Pacific M P Coal, National Gypsum, Standard rands, Electric Boat, Coty and New k Dock Shares Lack Energy. Lacking were Boe Western Union Jersey on ito a drag on uidi Governmeny Y the time ‘Telephone, Public Service of New Sme St. Joseph Lead, Nat Lead w York Cen- ral, Santa Fe, Pennsy Southe | ern Pacific. Northern Par. c. Puliman, Delaware & Hudson and Baltimore & | Ohuo. Bonds and shares of American & Foreign Power were under pressure. The company has properties in Shang= hai. Oils seemed to ignore analvsts’ stress on favorable statistics and issues under a cloud included Shell Unior Pure Oil, Texas Corp., Socony and Tide Water. Despite larger earnings | met offerings much of Chesapeake & Ohio felt of smaller income Schenley was |down following reports the company is considering issuance of convertible securities. Yield in Late Trading. Shares which yielded in late trad | were Mesta Machine, Packard Motor, Armstrong Cork, American Locomn-| tive, Studebaker, American Chain Cable and Borg Warner. Somewhat improved were Amerada Phelps Dodge, U. S. Industrial Alco. ol, Philip Morris and Briggs Manu facturing At midafternoon the pound ster ling was up three-quarters of a cen| to $4.99'; and the French franc .00 of a cent higher at 3.7373 cents Cotton finished 75 to 80 cents a ba lower. CHICAGO, August 18.—Joited cabled estimates that world wheat i ports needs were 100.000.000 bushel {less than last year. Chicago whea | values tumbled 2 cents late today. | A leading Br trade authority who made the estimate of world whea import requirements figured probabl shipments from the United States at 136,000,000 bushels and from Canada 64,000,000 bushels Argentina ar Australia he expected to ship 174,000,- 000 bushels At the close, wheat was 17%-2 cen's under yesterday's finish, September 1.10% : December, 1 corn, 3% off to 5 up: September, 991, -35; December, 67 "~ and oats varying frim “: decline to !, adv Goodrich the time the impact 121 1640 16.40 Chicago Cash Market. Cash wheat, No. 3 red, 1.10';- ; No. 2 hard, 1.15'-1.16'; 5 mixed, 93-98: corn, No. 3 yellow, ! 1.04;: No. 2 white, 1.07';; oats, No. 1 mixed, 32; No. ! white, 3214~ TYye, No. 2, 86-88; No. 3, 82-82%: barley, No. 3 malting: 79-83 nominal; feed, 50-60 nominal; malting, 65-83 nom- * inal; timothy seed, 2.50-2.60 hundred- weight. DRUG SALES INCREASE. NEW YORK, August 18 (#).—June sales of McKesson & Robbins, drug manufacturers, were $13,911,697, an increase of 14.41 per cent over sales of $12,159,310 in the like month last year. Sales for first six months of the * year showed a gain of 17.63 per cent | over the comparable period in 1936. New England Fund Prospectus on Request A. S. GouLpEN & Co,, Inc. Woodward Bidg. NA. 2000