Indianapolis Times, Indianapolis, Marion County, 23 July 1937 — Page 22

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PAGE 22

THE INDIANAPOLIS TIMES

FRIDAY, JULY 23, 1037

COMPLETE N. Y. EXCHANGE

STOCKS »

+ The Times Financial and Market Page -

COMPLETE LOCAL

W LIVESTOCK

FARM AND UTILITY HARES ADVANCE AS BONDS FOLLOW

® s =

Curb Gains Under Leadership of Industrial Stocks.

By United Press NEW YORK, July 23.—i Strength in farm shares and | activity in utilities featured the morning trading on the

stock exchange today. | Profit-taking developed when an initial advance failed to carry through. Leaders fell from the highs | and volume lightened. North American and Commonwealth & Southern were tied for | top place in activity at the end of | the first hour. Thereafter North |

American led in volume, rising to] 981;, up a point. Other active is- | sues of the utility section included | United Corp. American Water | Works, Columbia Gas and American | & Foreign Power. These gained | fractionally. | In the farm section, new Nighs| were made by Case, Deere and International Harvester. Oils were active at gains ranging to a point | in Tidewater Associated. Phillips | made a new top. | Rails firmed fractions to more than a point and held most of the | rise. Steels were strong at the outset at gains ranging to 2 points, but they reacted from the highs. Johns | Manville rose 3 points in the build- | ing section. Domestic corporation bonds ad- | Am vanced irregularly today, while U. S. Government and foreign bonds | firmed. Curb stocks advanced under lead of industrial and utility shares today.

FIRST HOUR

The market opened strong and fairly active, blocks up to 3000 shares appearing. Profit-taking developed later but prices maintained part of their gains. Chrysler at 11412 was 1'% higher, Bethlehem Steel had 1% gain at 94, Johns Manville 3 points gain at 133 and Case 215 points advance at 1821:. Southern Pacific gained 1's to 503% and other rails were firm. North American was almost a point higher and Consolidated Edison gained fractionally. Volume approximated 290,000 shares compared with 210,000 in the first hour yesterday. Dow-Jones averages: Industrial 183.63, up 0.67; rail 55.22, up 0.51; utility 2081, up 0.41.

SECOND HOUR

The profit taking continued. U. S. Steel dropped back to 1173; for 3; gain and Chrysler at 113% was only % higher. North American retained 3 advance at 27% to lead the utilities. Southern Pacific sold at 502. Sloss Sheffield dropped to 166 for 7 points loss. American Smelting had a fractional loss and other metal shares were fairly steady. Volume approximated 150,000 shares compared with 28,000 in the second hour yesterday. Dow-Jones railroad 55.12, up 0.41; utility 29.72, averages—Industrial 183.74, up 0.78; up 0.32.

Today's Business At a Glance

GENERAL BUSINESS Dun & Bradstreet Inc. reports week ended July 23 retail trade 2 to 6 per cent over preceding week and 8 to 20 per cent over year ago; wholesale 12 to 22 per cent over like 1936 week. CORPORATION REPORTS A. M. Byers Co., quarter ended June 30, net profit $22,012 after Federal taxes, or 39 cents a 7 per cent preferred share vs. $138861 | preceding quarter, or 15 cents a| common share and $6133 or 11 cents | a share year ago; 12 months ended | June 30 net $150,245 or $2.65 vs. | net loss $576,126 year ago. Atlas Powder Co. and subsidjaries, six months ended June 30, net profit $867,822 after Federal taxes, or $2.78 a share vs. $735,755 year ago; six months ended June 30, sales $8,979,975 vs. $7,476,459 year ago; quarter ended June 30, net $506,459, or $1.68 a share vs. $361,081 or $1.10 preceding quarter and $380,619 or $1.11 year ago; assets $0,436,174 vs. $4,631,063 year ago. Babcock & Wilcox, Inc, six months ended June 30, net profit $494 519 after Federal taxes vs. net loss $321,126 year ago. Continental Insurance Co. assets June 30 were $99873,114 vs. $93,979,052 year ago; net surplus $66,788,766 vs. $61,675,722 year ago; stocks and bonds valued at $91,513,227 vs. $87,002,440 year ago. Consolidated Film Industries, Inc., quarter ended June 30 net profit $148,713 vs. $185,024 year ago; six months net $378,417 vs. $486,007 year ago. Federal Screw Works and Subsidiaries, quarter ended June 30, net profit $52,919 vs. $6606 year ago; | six months net $80,884 vs. net loss | $2893 year ago. Houdaille - Hershey Corp. and | subsidiaries, quarter ended June 30 | net profit $1,020,468 after Federal | taxes, equal to $1.16 a share vs. $627956 or 66 cents a share pre-/ ceding quarter and $1,010,648 or! $1.15 year ago: six months ended June 30, net $1647582 or $182 a share vs. $1,613,831 or $1.78 year ago. Lone Star Cement Corp., quarter | qo ended June 30, net $1,188733 or $1.23 a share vs. $735,704 or 76 cents !

preceding quarter and $746981 or

MARKETS AT A GLANCE

Stocks firm; featured by activity in utilities. irregularly higher; U. S. Governments quiet and firm. Curb stocks higher and quiet. Chicago stocks besa and quiet, Call money 1 per cenit. Foreign exchange generally easier. Cotton futures decline as much as S1 a bale to new lows for the movement. Grains irregular at Chicago; wheat up 3% to 14 cents a bushel. Rubber futures lower. Silver unchanged in New York at 443; cents a fine ounce.

Chicago Stocks

By United Press

Close. 12%

High. Baw. Advance Alum Armour Ss | Bruce E L astle A M | Cent & 3 Ww Ut | Chgo Cor Chgo Flex Shaft Cities Service ... Dodge Mfg Elec Househd Mfg

{ Puller

Katz Drug ..... vey

ath Co Mid West Corp . No'west Bancp . Sangamo El ....... Stan Dred pf Walgreen Co

Curb Stocks

High. Low. Alum Lte 117

Am Marucaivo Ark as A Austin Silver .. | Berkey Gay Fur | Cities Service ... Col QO & G ... Con Cop Mns ... Cord Corp Creole Pet Cusi Mexic Fisk Rubber 3 T&R

’ Prk Bom IAA RE dN

Humble Oil Imp O Can ... Lion Oil McWms Dredge Mich Bumper Molybdenum Niag H Pwr anton. PS Ind

$835,875 or $1.07 vs. $810,016 ago or $1.01 a share. National Distillers Products Corp., quarter ended June 30, net profit $1.367,930 or 67 cents a share vs.

$1,425008 or T0 cents preceding |

quarter and $1,410,814 or 69 cents year ago. Pittsburgh Coke & Iron Co. and subsidiaries, quarter ended June 30, net profit $320,879 or 49 cents a eommon share vs. $202,487 or 29 cents preceding quarter; six months ended June 30, net income $523,367 or 81 cents a common share. Southwestern Gas & Electric Co., quarter ended June 30, net income $463.842 vs. $417937 year ago; six months net income $861,268 vs. $739845 year ago. Belding Heminway Co., 6 months net $355,028 vs. $298,784 year ago; June quarter $163,871 vs. $191,156 preceding quarter and $124,071 year ago. Florida Power & Light Co. 12 months net $1,653,492 vs, $886,575 year ago. Freeport Sulphur Co., 6 months ended June 30 net income $1.279.841 or $1.56 a common share vs, $1,014.873 or $1.22 year ago; sales to pulp |B and paper industry up 37.7 per cent over year ago. Kansas Gas & Electric Co., 12 months net $1,319,180 vs. $1,084,060 year ago. Lambert Co., June quarter net $204,683 or 27 cents a share vs. $447,378 or 60 cents preceding quarter and $185,613 or 25 cents year ago; six months $652,061 or 87 cents vs. $566,498 or 76 cents preceding quarter and $479.524 or 73 cents year ago; six months ended June 30 net $1,441,085 or $2.22 vs. $674.801 or $1 year ago. DIVIDENDS

American Home Products Corp.

| regular monthly 20 cents payable

Sept. 1 record Aug. 14. Chile Copper Co., 50 cents payable Aug. 22 record Aug. 6 vs. like amount on May 27. Chain Belt Co., regular quarterly 62% cents on common payable Aug. 16 record Aug. 2. Clark Controller Co., six months ended June 30 net profit $309,121 after Federal taxes or $1.99 a share vs. $164,698 or $1.06 year ago. Greene Cananea Copper Co., special $1.25 and regular quarterly 75 cents both payable Sept. 13 record

| Sept. 3.

Hudson & Manhattan Railroad Co., six months ended June 30 semiannual installment of interest of 13% per cent on 5 per cent adjustment income bonds payable Oct. 1 vs. like amount on April 1. American Hide & Leather Co. regular quarterly 75 cents on prene payable Sept. 30 record Sept.

Freeport Sulphur Co., 50 cents on common payable Sept. 1 record Aug. 13 vs. 25 cents on March 1 and June 1, Hamilton Watch Co., 60 cents on common payable Sept. 15 recorg Sept. 3 vs. 40 cents on June 15 and 25 cents on March 15. Hollinger Consolidated Gold Mines, Ltd. extra 5 cents a share and regular quarterly 5 cents both payable Aug. 12 record July 29. Life Savers Corp. special 40 cents and regular quarterly 40 cents both payable Sept. 1 record Aug. 2. New Amsterdam Casualty Co. mi-annual 30 cents payable Oct. rT record Sept. 1 vs. like amount | April 1. North American Rayon Corp., in-

$1.10 year ago: six months ended | terim 50 cents on Class “A” and

June 30, net $1.924437 or $1.99 vs. $1,215,286 or $1.79 year ago. Lynch Corp. six months ended | June 30, net profit $456,449 or $3.38 a share vs. $222.149 or $164 year

ago. McIntyre Porcupines Mines Ltd., Quarter ended June 30, net profit

| “B” common both payable Aug. 10 record Aug. 2 vs. like amounts on June 21, Quaker State Oil Refining Corp. quarterly 25 cents payable Sept. 15 record Aug. 31. vs. June 15.

like amount |

By United Press

Net aR . Low. Last. change. in 5 7% 32% Ale

CEL T++

am B! 1 Am m Chain & & C 30 Ak tht Pwr 5 pf 230s 253% Am Haw E 5.. 16 18 Am Hide & L . 8% 8% Am Hide & L pt 44 44 m Loco J107% 107% 203s 20% 11 567% 213% 36%

303% 9%

CH RFESE BRSEERE PERE Sree ery SE EEr

28 2 591 “1% iis 80% 20% 70% 108% 57% 2 17%

84% 30%:

Water... 20% Woolen pfW 70% 108% : 3 % 2

PELE IFLR ARR EL] . —-

| « 2

84%

Atl Refining ... 30%

Bald Loco 3alt & Ohio 3arnsdall .. 3ayuk . Jeatrice Cr .... Bendix Avn ... Beth Steel .... Blaw-Knox .... oeing Air .... Bohn Al Br.. Borden .. . Bdgept Brass .. 1 Bklyn-M w

Bor posi Butler Bros ‘pf. Butte Cop

HELE 4 ” FH HEE

Callahan Zinc . Calumet & H.. 1 Canada Dry

Cas Car pilinr T Celanese Cerro de Pasco. Certain-teed Ches & Chrysler ark Eq Cluett Peab ...

C Aik Col Fuel & Iron Colum Gas ... Col Gas pf A .. % Com Credit ... Com Solvents .. Commonw & So Comnw & So

Container Cont Can . Cont Ins .. Corn Prod Coty Crane Crown Cetier “ Curtiss-Wr ... Curtiss-Wr A

Douglas Air ... § Dow Chem Du Pont

- | El Paso Nat Gas

Fair Morse ....

Flintkote Co .. Follansbee Food Mach .... Freept-Sul

Gen Gen

| Goodrich Goodyear .. Grah-Paige Grant WT ~... Gt North pf .. Gt West Sug - Green . ove RR Cp 5

Ham Watch ... Harb-Walk .... Hazel At Gl ..115 Houd-Her B ... Hudson Mot .

Ill Central Ind Rayon .... Inspiratn Cop . Insshs cts Md . Inter R T

INVESTING CO.’S

(Bg the New York Security Dealers’ Assn.) Wy k.| Bid. Ad Pds : 59 aan "13 1038 35 25.51 12 26.31 Ban Bl.. 9.12 BNIvC 5 75 Bas Ind . 5.18 Broad St 36.21 Bull Fd .22.00 Bost Fds 25.29 Can Inv. 455 Cent Tr 20.08

ur n 38|Inc A CF _8S2

ris oThED Div Shrs 1.99 Cm Inv. 552 Fidelity 28.23 1st Bost 24.7

| mea mri Be adh @

98 >» » — °

BUN INU ASPIBBEA OLB Cob 2E3232R%23320E8e22I9 25332

2.82 1.10 Stee 18 20.71 Inv snr 1.60

NEW BOND ISSUES By W. L. Lyons & Co.

Atl City 3s 64 B & O 4'%s '39 y B F Avery Sons 5s La Calif Oro Prw 4s '66 . Celotex 415s '47 Cent Maine Pwr 4s 60

CM Fla Power 4s . Fla Power 5s '66 .. A Houston Lt & Power 314s "66. .101%

77 . N Y State Ele Gas 4s "65 . N Y Tel 3Vs "67 Northern State P 3's "67 ... Okla G & E 4s ‘46 ES Okla Gas & E Pac Lighting 4'% Safeway Stores n Tn eevee ewe JIM Simmons 4s Sou Kraft 4%s '56 Union Elec 3%s '62 ....

10414 101 102% 100% 102% 102%

101 104%

Yesterday ......... 143.96) Year ago ‘Week ago . Month 2g0 . vieeeee. 143.63/1937 low

Commodities— ‘Wheat, No. 2 red (bu.) ........ Corn No. 2 vellow thu.) ...... Rye, No 2 (bu. Oats, No. 2 white (bu) ...... Flour, spg. pat (196-Ib. sk.) ... nl prime steam spt (Ib.) .., Coffee, Rio 7s spt (hb. ........ fest (Ib.) Seen

Today $ 1.283%

117% 98% 361% 8.15 1200 09% 0842 31 06%

ceeee.. 147201937 hie (April 5) 158.26

Following are the com t ty bare modity prices used in compiling the

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday Week ago Month ago Year ago High, 1937, 194.40; low, 165.51. High, 1936, 184.90; low, 143.11. 20 RAILROADS Yesterday ....... Week ago .... Month ago Year ago High, 1937, 64.46; High, 1936, 59.89; 20 UTILITIES

+0.61 -—0.18 -—0.48 -0.24

..169.60

cesses senersaene

eve rvesaass S41 vevsanessraaaeaye 52.3% . 53.21

Yesterday Month BEG ....vvvvvinvievye 28.29 Year ago High, 1937, 37.54; tow, 235.45. High, 1936, 36.08;

Month ago Year ago High, 1937, 69.67; High, 1936, 66.38;

Tow, 57.57. low, 51.20.

Net High. Low. Last. change. Intst D S...... 2T% 26% 2TW% 4 % Intertype ...... 17% 17% a — ¥% wl 131 3 fh A 163%

Johns-Man .... + 1

Kelsey-Haves Kelsey-Haves Kennecott Kresge SS

Kre Erorer’ G&B. Yh P Cem..... 3 Leh V Coal pf Lehman .... 41 Libby Me & L. L-O-F Glass . 8 Life Revers

[++

Loos Ludlum stl vee J

acy R H. "owe

[P44 #11444]:

athieson ay D S....... cCrory ... cKeesport esta Mach

cen

seen

22RIEI2IZ »p

ssion Corp . 0-K Tex pf..

OVERDUE LOANS BOOST DEFICIT

U. S. Poor Fiscal Showing Due to Lending Agencies’ Tardy Repayments.

28 .B%

WASHINGTON, July 23.—Sharp decreases in amounts being repaid to Federal lending agencies today were revealed to be boosting the Federal deficit for the 1938 fiscal year far above the figure for last year at this time. The Federal deficit—with only three weeks of the new fiscal year completed—is running $131,682,505 or 230 per cent over last year's figure. The increase in the deficit was revealed in the face of determined efforts by President Roosevlt to institut an economy drive in Government departments and despite a substantial increase in Government revenues. The deficit now totals $187,968,031 compared with $56,285,426 last year at this date. Principal reason for the Government’s poor fiscal showing in comparison with last year, it was revealed, is the fact that repayments to other lending agencies have so far been only a fraction .of the amount received during the early

30 weeks of the last fiscal year.

In addition, regular Government expenditures are running somewhat ahead of last year. However, had repayments this year been as large as in 1936 the Treasury would show a slight surplus instead of a deficit. More Paid in 1936 Last year, at this time, $205,005,404 had been repaid to the Government agencies. To date, equivalent repayments for the current fiscal year total only $15,537,460. Accompanying the rise in regular receipts this year, has been an increase in the general cost of Government. So far during the 1938 fiscal year, $234,372, 051 has been spent to run the United States compared with general expenditures of $186,030,144 last year. Departmental expenditures have mounted from $26,909,913 to $40,076,949, despite President Roosevelt's personal appeal for economy. Money spent by the Federal Government on the construction of public highways increased from $3,573,906 to $12,591,605. Government revenue gains were shown in a continued rise in corporation and individual income tax receipts. The treasury made public an analysis of its internal revenue collectons for last June, disclosing corporation income tax returns rose 77 per cent from June, 1936. Individual income tax returns mounted 90 per cent. Officials attributed the gain to continued revival of business and UpEpaon of thé corporate surplus ax. The June internal revenue receipts showed a rise in receipts from cigaRe and liquor taxes over June,

For Final Stock Quotations See Later Editions of The Indianapolis Times

Commodities—

Cotton mid-upland Silk,

... 127.50

(June 21) 141.12 hh

Lead, spot (Ib) Zine spot (Ib.)

Year

$ 1.05% 9314 805g 37% 7.175 1005

Week Ago $ 1.33% 1.30% 1.01% 52Y 8.25 A217 09 0350 31% +1305 0800

0370 3 _ Seurees of 07s :

0640 sville

Lambs, avg, most sales (Ib) ... § Hides, native hvy steers (Ib.).. Wool, fine unwashed comb. (1b.) Al 41

13-15 deniers Jap. (Ib... Rubber, spt. smk. rib. (Ib)...

Tin, straits spot (Ib.) Silver, comml. Bars (oz) .... Steel, scrap Chi. (ton) Pig iron, Iron Age com ton). Coke, Connelsville (ton) os Cement, dom. Portland (bbl).. Yellow pine, 6-in. base (m ft.).. Douglas fir rough (m. ft.)...... ‘Gusoline, tank wagon SRaL)... Crude oll, 40 gravity Sebi

LATEST NEW YORK STOCKS

High. Low. . 26% 25%

64 37% 3% 76 "76 64% 64 aN 19% 207s 30% 13%2 10%2 0 38% 93%

34 423%

Mohawk C Mont Ward .... Motor Prod .... Murphy G C.... Myers & Br....

+i HEE

Th v : ed. ,

+ + #R

+4 Ne

relps Dodg ... hila Co 6 pf . hillips Pet Pitts Sc & B .. ymouth Oil . : 3 Poor 24%

press Stl Car . 20 uDlie Serv ... 43 m

ceva

an . . Pure Oil ....... 21%

IE EERRREEEy #

Cl HELE LL

4 | + ge » NN»

3 Ww

m-Rand Republic Stl Reyn Tob B Rey Met RtsWI 18 3 18 3

Tenn Corp .... Texas gE Bye Tex Sa od. Tex Pac L

Transamerica Trans & W r Tri-Cont pf .102 102 sas Fie Cp 30 « 1756

Un Alrcraft Un Air Lines United Corp United Cp pf.. United Drug.. Un Dyvewood .. United Fruit. . Un Gas Imp... For Sec..

Vanadium

Walworth .... Ward Bak B . Warner Bros . West Auto Sup West Union... West Air Bke.. White Mot .... Wilson & Co.... Woolworth .... Worthington

2534 937% — 3M 3

25%

Yellow Tr ? 93%2

Young Sheet. .

Zenith Rad ..

LOCAL ISSUES

The following quotations do not represent actual bids or offerings. but merely indicate the approximate market level as furnished by the brokers named.

(By Indianapolis Bond & Share Corp.) NDS B50 Bid

ghz Ind Tel (TH) 4's 61....100 H Tel & Tel Ft Vv 3% 55 103% 3 Tel & x) Ft W 6s 43 H Tel & Tel Ft W Ts nd Assoc Tel 4!os 65. Indiana Tel Co 5s 60. ndpls Railway Ins 5s 87 ndpls Water Co 3's 66.. ... nterstate Tel & Tel 5's 53... 97 Kokomo Water Works 5s 58... Kuhner Packing Co 4's 49.... 97 Moreis 5 & 10 Stores 5s 50 ....109 Muncie Water Works 5s 65.... Woblesville H L & P 6's 47. Ohio Tel Serv 6s 47 ........ 30 Richmond W W 5s 57.. . Seymour Water Ny 5s 49 T H Trac & L 5s 44 T H Water Works 59 38. . T H Water Works 6s 49. Trac Term Co 5s 57

Belt Railroad St Yds cum ... § Belt Railroad & St Yds pid.. xCent Ind Power pf Ts

Pub Serv p ve N nd Pub Serv Co pd 6s . N Ind Pub Serv pfd 5'zs 3 P R Mallory Co com (new). Progress Laundry

Smith-Alsop com 3 Terre Haute Elec Co 6s ... Union Title Co com . Van Camp Milk Co pid. . Cee Van Camp Milk Co com .. By M. P. Crist & Co.) xMarket St. Investing Corp... 35.06 xEx-Dividend.

. LOCAL PRODUCE

rices quoted are paid for stock (Tne pri the country, while for deliveries in Each ull cs the prices are 1 cent higher. Each oy 1 case of eggs must weigh ounds gro TY 1 Strictly fresh, loss off, 17c doz

37.28

bareback broilers, over. J263 Did a by thered an at ky full-feathered and “fat. 9 to 14 Ibs,

35% a:

tter—Creamery L Butte Butteriai—No. 1, 2%¢;

No. 2, 33@33'%c. No. 2,'27c.

GOLD STOCKS UP By United Press PARIS, July 23.—Gold stock af the Bank of France in the week ended July 15 rose to 48,859,412,197 francs, the second successive rise from the 6-year low’ recorded in the week of July 1, the weekly statement showed.

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX NEW YORK, July 23.—~Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-1932 average equals 100):

Week Ago $s .1020 16%

Year Ago 1025 JA1% 35% 1318 nn 16. 7-16 093 0160 04%0 43% RIL

Today

1035 Jd573% 1214 1252 1.98 1.98% 1878 1890 (Ib) eecvne 14 a4 060213 0602 066214 066214 591% 60% 443% 44% 17.75 23.3 4.35 2.25 60.00 52.50 095 “ 1.27 1.27 1.18

‘Grains, ieyestack, lard, steel

(b.)

ceeaance

Boston: Wool East St. Louis . Tulse: Cred oll.

LIGHT PORKERS GAIN 25 CENTS IN LOCAL TRADE

Heavy Receipts Hold Hogs Generally Steady as Vealers Firm.

*The most liberal supply of hogs for any day this week halted the upturn in weights above 160 pounds, but light lights and pigs advanced according to the Bureau of Agricultural Economics. The gain on weights below 160 pounds measured 25 cents. Heavier weights were steady, top holding at $13 on choice 200 to 210 pounds. Sows ranged strong to 25 cents higher at $10.25 to $11.50. Hog receipts were estimated at 4500 head. Trading ruled steady on classes of cattle today. Supplies were estimated at only 500 head, less than that number actually arrived. A shipment of 33 head of choice 1072pound steers brought $15.50, while there was a package of mixed yearling steers and heifers at $15. Common and medium grass-fat cows brought $5.50 to $6.50, a few good cows reaching $8. Vealers assumed a healthy position at prices strong with Thursday's peak levels as receipts continued light and nearby centers re-

offerings brought $10 to $10.50, with most mediums $8.50 to $9. Good to choice ewe and wether offerings ranged from $9.75 to $10.25, with few capable of taking the outside figure. Medium selections bulked at $8.75 to $9.25, with common throwouts down to $8. Slaughter ewes were unchanged at $2 to $3.50.

Hogs in Chicago Hit 9-Year Peak

By United Press CHICAGO, July 23.—Hog prices made a 9-year high today at the Chicago Stockyards when heavy shipper demand on small receipts carried the price of good hogs to $13 per hundredweight. Today's price was the highest since September, 1928. Earlier this month prices reached $12.90 per hundredweight, dating back, also, to September, 1928.

(Reprinted From Late Times Yesterday) July Bulk Receipts 16. [email protected] 2000 [email protected] [email protected]

"HOGS Light Lights— 140- 160) Good and Cimige. [email protected] edium [email protected]

choice. . [email protected] ooo [email protected] ‘choice. [email protected] [email protected]

Lightweight: 160-180) Good il

Mediu (180-200) Good 2nd Mediu Medium Weig on

(200-220) Good (220-250) Good

- no -3 oo D p— « 2 =]

choice. . choice. .

and

choice. . choice. .

(350-425) Good (425-450) Good 1275-500) Medium Slane Pigs (100-140) Good and

GOaD Woe wi-

choice. .

(500-900) G

C Sa B 25 (900-1100) G

Common .esseianes

(1100-1300) Choice vo

DRE

ood ... Medium (1350-1500) ot i

Pott pd —-

oD €

(550-750) Good

—

ane saunas SSISS

(750-900)

y tpt ot pt pt

OC ; Good and choice. . Common, medium.

dium Common medium . Low cutter i Subber vere Bulls, good . : Cutter, com.

9 £83099

OO PASO O OL ux —

832 PDauoom O-3=3-1-3 POO RNINBPD Ow ON; 8

oa and common Calves | —Receipts, 500—

Ste (250- -500) good and choice .$ 9.00 ommon, medium 6.50 Pear and Stocker Cattle

Steers (500-800) So and choice .§ go 3 2 mon, medium. (800-1050) Good and olen . 5 2 10.00 Com 8.25@ 17.50 Heifers—

mmon, medium Good and choice 7.00@ 8.50 Common and medium .

111.00 9.00

SHEEP AND LA —Receipts, 700— Spring I Lambs—

(80-175) Good and choice. . Common, medium.

By United Pap

TIYATY . vveea

CHICAGO, fogs—Rec Hi To e1pvs, 8000, including be directs; oss from 230 lbs. down, 10 to 15 higher: heaviers steady to 10 oe Nowe top $13. dating to Septembe Ti 1928 bulk, good to choice 180-230 Ibs., 50@13; most 150170 1bs., $12. ys ine 25 butchers, 230270 lbs, [email protected]; good 200-500-1b. packing sows, $10.15@11 1.05. Cattle—Receipts, 2000; calves, $00: Steady at lightweights and yearlings. o 3a light grass steers slow, $19 rass Tas cows, [email protected]: cutter cry 50 down; common and medium light Tass and ters 0, down Eo a i sausage Fale ong, v veglers. sa HE ng, top bulls, $6. Sn 5000, including 1000 d e; spring lambs 25 to 40 Am higher: aver Washingron offerings, $11 @11.25% bulk at outside; top native spring: ers, si i bulk, $11 down; sheep, firm

ewes, PT, —H arket, 0.33% “

Tos. - 330-279 1bs., 300-350 lbs

YNE, July 23. to 10 cents “higher: 180-200 1bs., $12.7 160-180 1bs., $12. 7; 343- 300 Ibs. $12.15; v 150-160 Ibs. $12.25: 140-150 Ibs. 130-140 Ibs.. $11.80; 120-130 1bs 100-120 11. Roughs, $10.25; stags, $9; calves, $10; lambs, $10. ——————————————.

U. S. STATEMENT |

WASHINGTON, July 23.—Government expenses and receipts for the current Bscal Vi pa uly 21. join with

s Yea Expenses. . . ns ai 13 Receipts 0. '663.623.92 Drficit LS 8.21

+s 9, . 30: 323, ar: 29 1. 919,283.671.95 36,655 039,452.87 Gold res. 12,404,167.950.99 i. 2, A

$365, os. 320. 56 205,746,729.

Ki 3 3 0.633, 4 170. 2 8 30 1,324,811.2 "Tod im Bia Inactive gald. Ph AS "859. $1, 172.763. 633.33

LAND BANK BONDS

Bid Asked Yield 3s July 1955-45 ......101 101% 2.83 3s 2 n. 1956-46 ...... 381 101 2.84 3 1956-46 ......vveee 2101 101% 2.85 3s May 5 .euee. 102% 3% 4s July vee. 1003% 2. 4s Nov. } “wey a 4s May 8 2 023 .38 1a s May 1 ‘ a i 1.05

9 4%s Nov. 1958-38

ELECTRIC CO, SALES UP By United Press NEW YORK, July 23.—Sales of the Western Electric Co. for the first

six months of this year were $97, | 355,000, it was ‘today.

ported higher prices. Good to choice | X

| sacks) —California yellows, $1;

New York Bonds

By United Press BOND PRICE INDEXES

20 20 20 60 Inds, Rails, Util. Bonds. Yesterday ...... 91.4 93.6 101.6 955 Week ago 93.4 101.0 95.3 Month ago .... 925 1003 916 94.8 103.0 97.3 8.2 99.8 88.9 101.2 106.0 100.7 90.1 99.3 93.4 100.4 106.2 100.2 1936 84.7 1085 93.3 1935 86.4 103.6 93.1 1935 83. 71.0 89.3 83.0 (Copyright, 1937, Standard Statistics Co.)

Two years ago.. 1937 1937 1936 high

U. 8S. GOVERNMENT BONDS Treasury Bonds 3%s 1956-46 .........110.10 110.10 3Vss 1952-49 ..105.6 J 234s 1954-51 100.5 2%s 1960-55 2%s 1959-56

Home Owners Loan Bonds 2%s 1949-39 101 FOREIGN BONDS australia 5s o> I, ++ 106%

110.10 105.6

10612

Japan Glas 5&.......u.. 96 Norway 4s 63........... 993% Peru 6s 60 20%s

DOMESTIC BONDS

Arm Co Del 4s 55 981%, t S

Can Pac deb hi e Ches_& Oh s 96! Chi “East 111 52's Ch M St P

5 oy = Ge 5s 52 May “Nv Dayt P & L 32s 60.... BErfe ref 55 75 ... . Fairbanks G 4s

Warner Bro 6s 39. : ¥Yng S & T 3%s 51 148%

BANK STOCKS

(By Blyth & Co., Inc.) Bid

Bankers Trust Central Hanover *Chase National . Chemical Bank & Trust. . Guaranty Trust Irving Trust . Manufacturers Trust . *National C Continental Til. Natl. iC. 1485 First National Bk. Bosto National Shawmut, Boston. National City, Cleveland. .

Fire Insurance Aetna Fire .

Federal Franklin . Great American Hanove Hartford Home National Fire North River Phoenix U. S. Fire Westchester Casualty Companies Continental Casualty Lo ATV, Mass. Bonding & TRsurance ve *Ex-Dividend,

CHICAGO PRODUCE

Eggs—Market steady; receipts, 14.052 cases; fresh-graded firsts, 20c; extra firsts, 20':c; current receipts, 18%c: dirties. 16%c; checks, 16%c: storage- packed firsts, 20%4c; storage-packed extras, 21'%c, Butter-—Market steady: receipts, 13.816 tubs; extra firsts (90-91!% score). 30%c: extras (92 score), 3lc; firsts, 29% @30c: seconds, 24%275c: specials, 31'2@32c: standards, 31c: cent (89 score), 30c; cent 188 score), 3lec. Poultry—Market firm: receipts, 50 trucks: ducks, 9@12c: geese, 12c: hens (including Leghorns) 181, @20c; broilers, 17@?22¢; turRs 13@15¢c: fryers (including darebacks)., 18@23c; spring chickens, C24 Cheese—Twins, yy 1 ® fnisies, 165, @ 17c: longhorns, 163:@17 eno Atos —Subpies lig $2.40@

Woter ate, demand market weak California White Rose, 2.45; 2, $1.80; Colorado Pe Burbanks, PS %o: Idaho Bliss TriWmphs, $1.65; Missouri Cobblers, $1.20@ 1.4%; Kansas Cobblers. $1. [email protected]; Illoinois Cobblers, $1.35; Colorado Cobblers, $1.50. Arrivals, 96: on track, 238; shipments, 963,

FOOD PRICES

CHICAGO, July 23.—Sweet Potatoes— Alabama white yams, $1. Sas, Carrots —Illingis, bunches, 2@2'% Spinach— Washington, bushel, Sc @Sl. Tomatoes— California, lugs 75c@$1. Cauliflower— Washington, ten, $1.75@2. Peas—Washington, hampers, [email protected]. Celery—Michigan, flat crates, 25@60c. Onions (50-lb. Iowa yellows, 80@85¢.

LOANS TO BROKERS DECLINE IN WEEK

By United Press WASHINGTON, July 23.—Loans to brokers and dealers for the week ended July 21 totaled $1,142,000,000, down $5,000000 from previous week and comparing with a total of $970,000,000 for the like week a year ago. Other loans for the purpose of purchasing or carrying securities amounted to $270,000,000, down $4,000,000.

BROKERS’ OPINION NEW YORK, July 23.—Brokerage opinion today: REDMOND & CO.—The market undertone appears relatively firm rand, in our opinon, background is favorable for further rally on a selective basis. LAMBORN, HUTCHINGS & CO. —Apprehension over the summer decline in general business is diminishing and at this date third-quar-ter earnings are expected to. compare favorably with those of 1936. FRAZIER, JELKE & CO.—Many investors and traders still are uneasy about profit margins, but thus far earnings reports for the second quarter are generally better than the pessimists expected.

WOOLS IMPROVE By United Press BOSTON, July 23.—Finer western grown wools had improved demand compared with activity prevailent during recent weeks, the U. S. Agriculture Department reportd

Good French combing length fine territory waols received some demand around 95c¢, scoured basis. Buyers tried to buy good French combing wools in original bags around 93c, scoured basis, but offerings at bid prices around this level

lots ‘containing large amounts of short fine wools and !%2 blood wools of fair combing fength,

GOLD IMPORTS By United Press NEW YORK, July 23. ~The Federal Reserve Bank today announced that imports of gold into New. York for the week ended July 21 totaled $9,858,000, including $6,240,000 from

$1,240,000 from Switzerland and $1,102,000 from Holland. Gold engaged abroad today for import to the United States totaled $410,000 from Holland.

Commercial Banking | Savings * Trusts

| This compares with 865,651,000 for | 1036 period, ah |

were restricted to small lots or to|

England, $1,282000 from India, | fF

WHEAT PRICES GAIN SLIGHTLY: CORN WEAKENS

Market Advances Under Foreign Strength and Rust Report.

By United Press CHICAGO, July 23. —Wheat prices were firm in higher ground on the Chicago Board of Trade today. At the end of the first hour wheat was 7% to 1 cent higher. Corn was off 3% to 5 cent higher, and oats were 4 cent lower to ls cent higher, Relative strength in Liverpool, rust damage reports from the doe mestic Northwest and talk of ime

proved export demand attracted suf ficient attention from commission houses to absorb offerings in a rather nervous market. Prices swung in a 1-cent range. An Eastern house was credited with selling a large volume of wheat during the morning. Wheat receipts were 484 cars. Relatively heavy July offerings by a local professional weakened the delivery more than 3 cents. Howe ever, September was only slightly weaker and December displayed strength. Fears of another large tender of spot wheat toward July discouraged support in July. Corn receipts were 39 cars.

WAGON WHEAT City graln elevators are paving for No, 2 red, $1.07; other grades on Yh merits, Cash corn, new No. 2 vellow, $1. iL, ig 27c. Hay-—No. 1 timothy, $15@15.

ARGENTINE GRAIN

BUENOS AIRES. July 23.—Grain futures opened irregularly higher, Wheat--August, $1.26%. up 3c: September, $1.233%, up 1c. ‘Gorn—August, 55%c, un lsc; Septem= , 56'%c, un Vac. changed, Flax x—AUuguSt, changed; September, $1.36%. unchanged. WINNIPEG Whar Ch eon in " October ce. 8136 ne December vows 1033 ins LIVERPOOL WHEAT

Prev. Hig Low Close Close 31.435 81 $1. 39% Lan $1.4253

2 1.39% 1.3972 I gL 1.38% 1.39% 1.35% 1.33% 1.343

1.35% FOREIGN EXCHANGE

NEW YORK. July 23.—Qpening foreign exchange easier. Cable Net,

July seevens Oct. Dec. Mar, ..

Eng. (1b) Eng. Canada (dol.) ... Prance (franc) .. Italy (lire) Belgium (belga) Germ. (mark) .. Switzer. (franc) . Holland (guil.) .. Spain (peseta).... Sweden (krona) Norway (krone) Denmark (krone). Japan (yen)

— .0000% ~.0000Va +. 00009,

+1 100007 —.0000%2

—.0003

MONEY MARKET

NEW YORK, July 23. Money rates ree mained unchanged toda Banker's Actopianoos ~— 30 days, ‘“-@ 7-16%: 60 and 90 days, @7-16%: 120 gay 9-16@'%2%: 150 and 180 days, 3s @

Commercial Paper—Prime names, 1% Time Money—60 and 90 davs. 14%: 150 and 160 days, 1'2%. Rediscount Tale at New York, 1%%.

GAS STOCKS DOWN AS OIL OUTPUT GAINS

By United Press NEW YORK, July 23.-—Gasoline stocks declined for the 13th consec= utive week in the seven-day period ended July 17, while crude oil output increases 37,200 barrels on a daily basis, the American Petroleum Institute reported. The institute placed daily average gross crude oil production at 3,557,« 950 barrels, compared with an aver age of 3,520,750 barrels in the preceding week and 2,978,350 barrels in the comparable 1936 week. Stocks of finished and unfinished gasoline were reported at 72,546,000 barrels, compared with 73.976,000 barrels a week earlier and 64,673,000 barrels a year earlier. Finished stocks at refineries were down tp 41747000 barrels from 42,813,000 barrels in the preceding week.

FOOD PRICE INDEX DROPS TWO POINTS

By United Press NEW YORK, July 23.-—~The Dun & Bradstreet, Inc., index of wholesale food prices for the week ended July 20, declined 2 points to $2.88 from the previous week. Of the basic 31 basic food come modities used in compiling the ine dex, increases were recorded for lard, cocoa and hogs. Flour, wheat, corn, rye, oats, bacon, butter, beans, eggs, potatoes, steers, sheep and lambs declined. In corresponding periods of previ ous years the index was $2.76 in 1936; $2.60 in 1935; $2.17 in 1934, and $2.08 in 1933. CAULIFLOWER REGULATION WASHINGTON, July 23. — The Agricultural Adjustment Adminis< tration approved a marketing agreement order for handlers of Oregon cauliflower, providing regulation of shipments by grades and sizes to outside markets. The program becomes effective July 23. It will be administered by n control committee of 13 members representing growers and handlers,

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