Indianapolis Times, Indianapolis, Marion County, 29 July 1937 — Page 16
PAGE 18
COMPLETE N. Y. EXCHANGE
STOCKS w
w
The Times
THURSDAY, JULY 20, 1087
SR
Financial and Market Page =
A
COMPLETE LOCAL
w LIVESTOCK
STOCKS IRREGULAR ON QUIET MARKET :
AS BONDS ADVANCE. [+
Few Issues Move Up From Fractional Area.
By United Press NEW YORK, July 29.— Trading dwindled to the lightest levels of the month on the Stock Exchange today with prices moving irregulatly in a narrow range. Only a few issues moved out of a fractional area. Wheeling Steel issues were strong with gains of more than 2 points. American Rolling Mill was up more than a point and Bethlehem more than a point. Losses of a point or so were noted in Union Pacific and Pacific Mills, Minor losses were sustained by coppers, rails, utilities and rubbers. Oils were steady, mercantiles firm and amusements mixed, with Loew's at a new high of 85% up 1%. Steel shares were firm with U. 8, Steel at 115 up %. Chrysler was unchanged at 111% and General Motors lost a fraction to 537%. Case was unchanged at 178. U. S. Government funds and foreign liens moved iregularly higher in quiet dealings on the listed market today, while domestic cor-
porate loans developed an irregular trend.
FIRST HOUR
The market opened irregular and dull but later advanced under lead of steel shares. U, 8. Steel had 15 gain at 115%, Bethlehem 13
gain at 95, American Rolling Mill Nt
1's gain at 37%. Loew's continued active to show 1% gain ‘at a new 1937 high of 85%. Utilities were irregular. Chesapeake & Ohio led the rails with 3 gain at 53% but others in the group were steady around the previous close. Volume approximated 170,000 shares compared with 210,000 in the first hour yesterday, Dow-Jones averages: Industrial 182.71, up 0.14; rail 53.34, off 0.18; utility 29.91, off 0.02.
SECOND HOUR
The market remained fairly steady. Rails were easy, Southern Pacifie, Illinois Central, New York Central and Atchison all showing fractional declines. Some activity developed in retail shares with prices mixed. Macy lost 3% but Allied Stores and Associated Dry Goods firmed. Bethlehem Steel maintained 1% advance at 947%:. U.
MARKETS AT A GLANCE
Stocks irregular in narrow range. Bonds mixed; U. S. Government issues iregularly higher. Curb stocks irregularly higher and quiet. Chicago stocks irregular. Call money 1 per cent. Foreign exchange steady. Cotton futures off as much as $1 a bale. Grains irregular at Chicago; wheat unchanged to 4 cent a bushel higher, Rubber futures slightly easy. Silver unchanged in New York at 443; cents a fine ounce.
Curb Stocks
By United Press Lg YORK, July 29, - Stocks opened Ory Change Amer Cyanide B . . 33 +% Am Su up Pow Cities 3 ons Bef La Land & EXP +vvovn “ee Niagarga H P Nat Sug Ref
Un Gas Un Lt & PA ...
Alum ha. Sa ay Am Cya Am Meticams Am Super
Po =»
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Po AS SDE RBB OIA SDS I oF
ha aa
DD EIEIO or re Ga SESE
Air Crave PS ma. "$7 Bee Stutz Motor v Sunray Oil Technicolor Un Lt&Pwr A
Chicago
& Co
o = —- ayaa; pe Adv
Armour
Gen Hshld Lt .v Hupp Motor .... Lincoln Print "
Walgreen Co .... Wisc Bk Shrs
preceding quarter and net loss $77,497 year ago. Federal Motor Truck Co. and subsidiaries, six months net profit $76,857 vs. $123,005 year ago.
S. Steel was % higher at Juk and Chrysler had % gain at 112 Volume approximated “129, 000 | shares compared with 140,000 in the second hour yesterday. Dow- Jones | averages, Industrial 182.59, up 0.02; | railroad 53.17, off 0.35; utility 29.83, | off 0.10, ww Ww Ww
Today's Business At a Glance
GENERAL BUSINESS
Bureau of Mines reports production of Portland cement in June showed decrease of 1.9 per cent and shipments 1 per cent increase over year ago, production 11,183,000 barrels and 12,649,000 barrels shipped; total production first half 54,008,000 barrels vs. 43,529,000 year ago; total shipments 52,535,000 vs. 47,223,000 year ago.
CORPORATIONS REPORTS
Commercial Solvents Corp., quarter ended June 30 net profit $360,606 or 14 cents a share vs. $5601,773 or 19 cents preceding quarter and $466,170 or 18 cents year ago; six months net profit $862,380 or 33 cents a share vs. $1,083,948 or 41 cents year ago. Consumers Power Co., year ended June 30 net income $9,788,642 vs. $8,259,816 preceding 12 months, Cutler-Hammer Inc. six months net profit $1,002483 or $308 a share vs. $673,794 or $1.73 year ago; June quarter net profit $551,708 or $1.67 a share vs. $450,784 or $1.38 preceding quarter and $341,451 or $1.03 year ago. Superior Steel Corp., quarter ended June 30 net profit $120,648 or $1.05 a share vs, $86,120 or 75 cents a share preceding quarter and $68,726 or 52 cents year ago; six months net profit $206,768 or $1.80 a share vs. $87,814 or 77 cents year ago, Westinghouse Electric & Manufacturing Co., six months net income $11,331,772 vs. $7,937,578 year ago; twelve months net income $18,403,085 vs, $13,656,170 preceding twelve months; unfilled orders June 30 $83,725,878, high since 1920; booked orders six months ended June 30 $142,209475 vs. $88,880,060 year ago; 12 months booked orders $235,850,719 vs. $147,525,2T8 year ago; 12 months billings $179,102, 495 vs. $137,620,705 year ago, Conde Nast Publications Ine. and subsidiaries, first six months net profit $127,790 or 37 cents a share vs. net loss $5971 year ago; June
General American Transportation { Corp, six months net profit $2,- | 502,227 or $2.45 a share vs. $1,030, 589 or $1.13 year ago; quarter ended June 30 net profit $1,381,380 or [$135 a share vs. $1,120,000 or $1.10 a share preceding quarter and $722,564 or 75 cents year ago. Illinois Bell Telephone Co. six months net income $6,395, 583 or $4.26 a share vs. $6,112,382 or $4.07 year ago. Standard Brands Inc. and subsidjary, second quarter ‘net income $2,835,860 or 22 cents a share vs. $2885492 or 22 cents preceding quarter and $3,674375 or 28 cents year ago, six months net income $5,721,362 or 44 cents a share vs. $7,467,917 or 57 cents a share year ago, year ended June 30 net income $12980884 or 99 cents a share vs, $14,396,505 or $1.10 year ago. Superheater ‘Co. and Canadian affiliate, six months net income $1,612,853 or $1.78 a share vs. $672,597 or 76 cents year ago: June quarter net $754,009 or 83 cents a share vs. $858,844 or 95 cents a share preceding quarter and $408, - 953 or 46 cents year ago. Twentieth Oentuvy-Fox Film Corp. and subsidiary, 26 weeks ended June 26 net profit $3,755,483 or $1.76 a share vs. $2,769,190 or $1.43
a share year ago; 13 weeks net Li
profit $1,687,885 or 77 cents a share vs. $2,067,599 or $1 preceding 18 weeks and $1,620,430 or 83 cents year ago,
DIVIDENDS
Armstrong Cork Co. interim 50 cents on common payable Sept, 1 record Aug. 10 vs, like amounts on June 1 and Mar. 1. Canada Wire and Cable Co. Ltd, $6 on arrears on preferred payable Sept. 7 record Aug. 20 vs. $2 on June 18, Otis Elevator Co. 40 cents on common payable Sept. 20 record Aug. 31 vs, 25 cents on June 21. Texas iA Coal and Oil Co, regular quarte 10 cents Sept. 1 record My 11, y Pavable
American Tobacco Co. regular
quarterly $1.25 on common and com- | Cu
mon “B” share both payable Sept. 1 record Aug. 10. Consolidated Oil Corp, regular quarterly $1.25 on $5 cumulative preferred payable Sept. 1 record Aug. 16. Holophane Co, Ine, 50 cents on common payable ‘Sept. 1 record Aug. 12 vs. 20 cents on June 28 and 50 cents each on June 1 and March 1. United Gas Corp, regular quarter.
quarter net loss $38930 vs. net
ly $1.75 a share on $7 first preferred
profit $166,720 or 49 cents a share | payable Sept. 1 record Aug. 15.
PRICE INDEX AND COMMODITY QUOTATIONS
DAILY PRICE INDEX NEW YORK, July 20.—~Dun & Bradsireet’s SY weighted price index of 30 basic commodities, com piled for United Press (1930-1932 average equals 100):
coowners TTBIRCRE BBO... is ven veers 148.96/1937 high (A
Yesterday Week ago ...
Month ago ....... 145051937 low
airy wile! Ee
Commodities Wheat, No. 2 red (bu) ..vvvsse Corn, Ne, 2 yellow (bu) ....., Rye, No. © (bu) Outs, No. ¥ white (bu) .. Flour, spg. pat (196-1b, sk.) ... Lard, prime steam spt (Ib.) eee Coffee, Rio Ts spt (1b) .......0 Sugar, raw 96 test (Ib) ,...¢n Butter, 92 score (Ib,) Hogs, avy. most sales (Ib) .... Steers, -n ‘most sales (1b), 00
Today $1.23 1.03% 88 82% "7.85 J10Y 09% 0345 31% J240
oan,
ore the commodity v prices used in compiling the
Commodities
129,54 5) 158.26
J 26) 140.63
oar Sitver,
$1.28% $112 1.08
By United Press —— High Low Ar Redue ‘eva 3 3 TR 238
Net Last Change 73 ‘oy 3 238 19% 1073 0% 7% 45
- wo
IWIN “IDO
‘EF Freed TF #2
FFEFFFEITE
2 rt SEEIT- gna nsT ety _a FS FETE
FEF FEF
AID Pago sao FES EERE
SB83T-guIeasgsngs a S=8 F&F FEF FESFEFFTE FTES
po Ed
Aviation on. :
- “1 a
Fd =
3ald Loco as .. jalt & Ohio ..
yers A M
Callahan Zinc . Oan Pacific |.
+++: +1}
TE£1 114+
fT;
Ehane’ Co 5. ot. 1 Crown Zel Cub-Am ad Curtiss-Wr
Dist Seag 23 Douglas Ale ven DSS&At pf Du Pont
Fast R Min you
Eng P Jl Equit Bldg ....
fair 5 FRE
Fog Phen oo Flintkote Co ... 3 follansbee ood Mach
Gen Cable A ...
goodHen of Goodye ' Goat “Pat ie Gt North p
Homestake ..., Hupp Motor ...
Ill Central Int Agric Int Int Int Int
ennecott resge SS
Leh P Cem ... Jats Savers . w's Toft, Inc Lone Star Cem Loose-W Bis . Ludlum St] ....
Manati Sug .. . Banat = Marsh a Fla - arsha . rshan Fie 3,
The followin sent actual bids ndicate the / nr qu urnished by the
(By Indianapolis Bong & Rar Corp.) BONDS 1d Ask
(TH) 3 102 t W 5 10 i io a
LL a 9% Kokomo Ww . 106%
Quota ons do iy ren Lg mee bamerely |
Hook. D Ind & Mi
Pp P R Mallory Co co Progress Laundr) Pub Ser n
Van camp Bv i & Crist & Co.) . Market St, Investing Corp..... 34.87
JU. S. STATEMENT
WASHINGTON, July Glayernment pear throug and Ng aa Tor the current fiscgl ear 27, compared with
This Fi 133,
a stoms .. 1 iH '630.328.08 Inactv. Gold Totes $i] doe
For Final Steck
Quotations See Later Editions of
The Indianapolis Times
Lambs, avg, most sales (Ib) ,., Hides, native hvy steers (Ib.).. Wool, fine unwashed comb. (Ib.) mid-upland (b.) .. Bilk, 13-15 deniers Jap. (b.)., Rubber, spt. smk, rib. Copper eleetrolytie (Ib. ......
. straits spot (th)
Today $ 110 JAB a 4 “Dy
tb)...
sess ensnnne
Tres aane
commi, Bars (oz) ..,, Steel, scrap Ohi. (ton) ... Pig (ron, Iren Age com (tom)., Ooke, Connelsville
. MoBer 1 I
ba | Pac’ Lining
DOW-JONES STOCK AVERAGES 80 INDUSTRIALS
vevwanasasvenasy THRBY we1.6Y versssesnasssr anes TERE © 40.61 Month ago 170.16 40.84 Year ago 166.00 40.83 High, 193%, 194.00; low, 166.51, High, 1936, 184.90; low, 143.11. 20 RAILROADS YAY vereeraae 53.52 0.88 vegas rasan aes SH 440000
Yesterday Week ago
IW veer. BLAS 40.18 | Bwift
+0.88 198Y, 64.46; low, B5O.1V. High, 1086, 50.89; low, 40,06.
Year ago High, 193%, 81.54; low,
High, 1936, 96,08; low, 28.63.
61.24 40.18 High, 103%, 69.67; low, 57.57. High, 1936, 06.38; low, 51.20,
High oCall Corp .. coro fie pet yeu a Hee ¥vu onsanto .....101%
1%
§ % oz 3
£
FrEAE SEER
+4414
BSc FEFEETE et pts pt C3 et OY
— OL
EO -
Newport ind.... N Y Central . 30%, NYC h Tanibus 2, NY a R & H
No No Patio
Otis Elev Otis Steel
params NE ve »
~FOr
ID SA taril
Fora
Parity Bx MA Be gH of i ih
2; * 10-82"
B PL A henley kot 4 43 :
Seav'd” alr L pt 1 BANK CLEARINGS DECLINE IN WEEK
Ry United Press NEW YORK, July 29. — Bank clearings in 22 leading cities of the United States in the week ended July 28 dipped slightly below the preceding week, but rose substantially above the corresponding 1036 week, Dun & Bradstreet, Inc. said today. Total clearings volume for the measured cities was $5,451,538,000, compared with $4,637,981,000 in the 1936 week, a gain of 175 per cent. In the preceding week, when clearings were $263,842000 above the latest figure, a 3 per cent decline was recorded compared with the corresponding period last year,
Clearings at New York rose to $3,321,633,000 against $2,719540,000 last year, a gain of 22.1 per cent, while volume outside of New York City increased to $2,129,905,000 from $1918,441,000 in the 1936 week, a gain of 11 per cent,
BUILDING AWARDS GAIN IN WEEK
NEW YORK, July 20 July 20.—Engineering construction awards this week rose over both the preceding and corresponding 1936 weeks, but Tremained below the average weekly volume for the year to date, the Engineering News-Record reported today. The total for the week was $47,303,000, compared with $30,605,000 a week earlier and $34,600,000 in the corresponding 1936 week. Private awards totaled $20,930,000, compared with $15,860,000 last week and $9,780,000 in the 1936 week. Public contracts let were valued at $26,463,000 against $15,026,000 and $24,820,000, respectively. Federal awards aggregated $3,918,00) against $2,167,000 last week and $7,588,000 last year, while state and municipal volume was $22,545,000, compared with $12,859,000 and $17,232,000, respectively.
NEW BOND ISSUES
(By W. L. Lyons & Co)
u, City Ss, ‘64 EY RRS b Arey “Sans ge alif aS elotex nt Maine Cent Ma
e hi SF
Fla Power & Fla Power § Lt Fovei: lbs 66
pub o Stl vr i yn yn Met Rts You3s
Ye
ty - k4
PDORDORR IDE IER DDON>
7 N NJ 3 t Ye lec Gas 45 65.. Sivan Site! P Md ol pet & E oy 304s "66. .
da 46 ...... L104 Safeway Stores 4s '40 S Ah" SE
I Et a dad
LOCAL PRODUCE
(The prices quoted are paid for stock gathered in the country. while for deliveries in Indiana Jolls the prices are 1 cent higher, Each full case of ‘eggs must weigh 55_pounds gross.) “a s—No. 1 strictly fresh,
Heavy breed hens, § Ibs, and over. 16c: 10fhorn orn Jietis 11c: heavy breed broflers.
oy yu RT: biol “loa stock. {lers, 193 : over, 0: broth oosters “oe: fea heres an t, § foots, full- feathered and hy
rer er ry, No. 2, No. §
loss off, 17c
" to 14 Ibs. 35152 @36'2¢: 1, 30c;
33@33%z¢. Butter tat—No. 8c.
EE ——————————————— FOREIGN EXCHANGE NEW YO YOR! XK, July 29.—Opening foreign SR Ame sen yy Rates. Net Change. Fneland pound) Eng. (60-d ani) rate} $ a3 0374 4024 ,2295% ,55.12 oted he
2221 ‘2806
Germ (m Switzerland. rane) Holand ( (guilder) ..
Spain (peseta) .... Sw eden f
Norway (krone) ... Denmark one) va Japan (yen)
TE —————— Colonial Savings & Loan Association #8 South Tiinols S¢,
LATEST NEW YORK STOCKS
3 High Low fast hanee Hh 3 sais — ¢
ars Roebuck. . , LE)
he In aw 4D 0h e V/s kelly 5814
Sony. -yacuum
Ra
10%
m
SELLE STEENE23S
FES FEFIETERFSIS
tit Inkl vv unshine Min | enh Cor op, od
Texas aye Prod
Tex . de A Oil. ransamerica Oo " Py nae: West Air 15% Tri-Oon Ya 20th Qont-Fox | 86%
83.3%
pn FEFFE FF
Rr
i a oh vy ohited Ig “™
58 Stores A
voy 28%
ves 1815 ’ Y 3 v, 3
Vanadium
Walworth
V, esting old 4 - 15 Wheel Steel ... 55% 2 3 White Mot ... s i % Woolworth / / oY
2424
he] a
Yellow Tr .... Young Sheet ..
STEEL BUSINESS STOPS DECLINE
Operations Rise to 85 Per Cent, This Week’s Iron Age Reports.
24 88% 883
By United Press NEW YORK, July 20.-—-Enough spotty improvement has occurred to convince the steel trade that the bottom of the midsummer recession has been reached, the magazine Iron Age said. Operations this week rose to 85 per cent of capacity, a gain of 2 points, “There has been no pronounced reversal of the recent downward trend in new business, except in
the Chicago district, where the first influences of abundant farm crops at high prices are more in evidence than in areas farther east,” the magazine said. It pointed out that not only is business from American farms broadening demand from abroad. broadening deman dfrom abroad. “Can makers are Shipping out cans as fast as they make them, with indications that they will need all the tinplate that the mills can produce to the end of the year,” the magazine said, “The automobile industry is not yet buying heavily for 1838 models, but additional steel business from that source is expected within a few weeks. In general, the demand for steel, other than that covered by contract commitments, is light but not unusually so for this time of the year. Scrap prices have advanced sharply as dealers increase their bids for such material as is available, the magazine said, The Chi-
75 cents and Philadelphia 50 cents, raising the Iron Age composite to $20.08, or $3 a ton above the low point of the year, but $1.84 below the high.
INVESTING CO.'S
By the New York Security Dealers Ate,
i Ask Bas 90.0 KOE.8-2 and ih 98. % 1.38) In nL
IPD BDA IRI SOE OBIT HD Ir AE hd | EIRITO BIE DWP Gr re Sons Imes OBI LOLI SIOBID IO WPS
ntl Shrs 17.0 Op Tr Sh 2.89 ....
| RATE DN Te BINION AD CBB RT LW ——
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spay § <3
2 208 2S
2 1 2 1 hath hy 1.! 1 2 1 5.1
Hu nen Thy 2
| FOODSTUFF PRICES
DECLINE IN WEEK
NEW YORK, July 29.-—Despite the numerous declines in foodstuffs this week, the Weekly Food Index, compiled by Dun & Bradstreet, Inc., held te its former level of $2.88 for the period ended July 27. This was due to the marked strength exhibited in all classes of livestock prices. The latest index contrasts with $2.77
hor | for the corresponding week of 1036,
or an increase of 4 per cent. Among the declines this week were flour, wheat, corn, oats, barley, lard, butter, cottonseed oil, beans, peas,
' | eggs, potatoes, and prunes. Against
these were advances for rye, bacon, cocoa, steers, hogs, sheep and lambs,
AND BONE BONDS
July
May uh Nov
4s ay 44s May 4%s Nov.
% [cess of 2000 head provided sufficient » |Support to the trade today and val-
cago price is up $150, Pittsburgh
HOGS ADVANGE 10 TO 25 CENTS IN LOCAL TRADE
Lamb Prices Gain Quarter As Vealer Bids Steady.
A run of hogs only slightly in ex-
ues worked upward, according to the Bureau of Agricultural Economics, United States Department of Agriculture. The advance measured 10 10 25 cents, weights below 160 pounds showing the maximum gain. Top climbed to the $13 level, Packing sows were generally steady, although some improvement was evidenced on the weighty kinds. Sows bulked
at $10.26 to $11.26, weights topping at $11.50, Aside from four loads of 1118pound steers at $16, there was little else in the steer and yearling line except odds and ends of common to medium offerings. Trading moved slowly, but about steady, except that pressure continued in evidence on grassy and short-fed kinds. From the $16 top there was little eligible to pass the $14 mark. Vealer prices remained firm pe spotted gains again showed Eastern dressed veal values, to choice offerings cashed at $11 to $11.50, with most mediums from $0.50 to $10. Lamb values continued on their upward course under healthy dressed prices. Selling 26 cents higher, good to choice ewes and wethers moved at $10.75 to $11.26, with most medi ums from $0.26 to $10.26. Slaughter ewes rose 50 cents to sell at a top of 8450 for good to choice lightweights.
Receipts aun 49UU 100y Jou 4000 JUW ww
Top $15.0 19.00
Bulk $12.70 10.00 La dogs. 1d Ld. 40 de, 10 14, (Ww id WU 12.00 14.10 le. Ovi he. ov 14. vgs.
HOGS
wight Laghly= gh lig wood and euiuin wigtwelglive —~ privy wood and Meuum (180-200) wuvu wid view Mediunt Weegee (wUu*udy) vw Laue) LUO Hoary ywuigllila== Leuvegov) wood (euu=ouy) uv SUUKIIIE OUWa== (élu=vav) wwud LOUUEeu) UUUU 4aU=20V) WVU (@iv*0uy) Luwiuin auger Pages Br -42U) woud ahd choice. . sacuilin CALVLE weRECeIPLS, WU0Choice wuvl ivuiuim MAMIE wiluive Guu icuwaum VULVA sasrarnen wilVive uuu aewum 13B0=ddOV)
choice. $11.75@ 12.30 AL 40 Le VV
choice. . 12,[email protected] sass nsree AMIVRLLE, IV onoice Ad iuig boy bd wo ila ty
12,706,13.00 Ae 00 hé bv
Abiwvi hud
11.00611.00 AVIV AAW svhvievig AV uv Vow hhw
10.966. 12 00 Ado idiv
choice. . [UTTV ITO
and wiuw
choice. . Cilvive
and
$12.76 10.0V Lh0Vi hey PUG ALI « VU Yew v Ieeoglaiiv o Ahi ruNgAeOV PViwvis bu sv Lule vou , leave loo v heed bv ' vv bey lov bod Ad OVA Iv
(500-800)
000-1100)
(1100-1300)
$12. 70@ 4.00 da UW Le. 19 Voli asv liv arov Viv AVY
Cholow wovu wullion Cuun wid ehoice ' COLIN, BieuiuiL
(880-780)
(7100-000)
8.20 10.00 Vile view Lov Bul vv
Choice UU“ mewidm wuissiuil arealum . MUW CUueL wa vulter Laan vee LUNs, BVVU wulel, sulk,
Vieuiw Veluigh vw Vv he FOYT Vie Viiv vealers Jood apd choice
mewum Cul aud common
valves Receive, 000-
10.6041 1.bV Uv lv.ov LW Buy
teers Y Leuv=bU0) Good und choice. § 9:60@41,60 CuUKialual, lleuiuin MV Bay Feeder wun plocker vittle bLeers Good diiw vilulee B Loe Yh SULLA, BeMAMIL vou wivud Bal waive. uw lve MlewiMil. Vu ilu
(000 ~80V)
(BUY=1tov) WMV, neers wvuul Bild choice . Culiiiva dus wedium Doe Ang LAMBS “ety ECCIPLE, AUVU—=
wry Lambs Ki nuice Cr RRRE ERR [email protected]% uw Avaow il 10 aewidin a. — Vi we teu=s iv; ¢topd and choice. . vullliuu, Ncw
“Ou 8.0u 0. 10w LW
41.00@ 4.50 Gavi WY
By United Press UHICAQO, vuly 29, — Hogs—Receipls, 8000, Juviuuiidg souu dlcesil; mluckel, dulive, LU 400 Lge WP, ho du, WUIK BUOU Blu Cilvive Lou=wou Lub. Baw iviwlo; some 910.00° WAo.4V, wUWalely, “av ow Ivo, Biel is. 1D) Loui jv ga ohn Bugle. 00, PaChilg BOWS, v,qv Liaw Hae —svedeipts, 4800; calves, 1000; Marscy, irieguwier, stews und yearning maiKel, 1e88 AcuiVe PUL Lfuue sweauy 0 oc wigner; slu.ov WP today, Mos, sleers saies PLA DWLD.OU; BWCKENs, ieeuels, Bsoalce, iwrm, sone svock, urm to doc nigher; ied heiters, $1b; oulls, bc higner, »/.25 on sausage ouerings; rR aa veaie.s, Suc niger, Bil # Bheep-—~neceipts, 8000, Ruin $000 direcus; steady wo strong, native springers to $11.26; iew choice lots, BLl.HUE lio; sheep, urm; ewes, 845.50,
LAFA 10 @ de 225-4 wl2, 1bs., A 60;
ven 10. ois
BTTE, July 20.—Hogs—-Market, 3 UN Yas 1bs., $12.76 12.80; 50 12.60; 250~ ua lbs, 33 ‘Ibs. $11.60a11.90; 170-400 80; 150- 170 1bs,, ail 119% Ts hook
"roughs, _ Lambs—31061 Hogs—M or; en oo . } » 1
PT. 20¢ hy bo
be. 1 , 3 rou a HL COTTON CROP ESTIMATE By United Press OHICAGO, July 20.—Nat C. Murs ray, veteran crop forecaster and analyst, today estimated the 1037 cotton crop at 15,610,000 bales. Mr. Murray the erop condition to be 80 8-10 per cent of normal. Today's estimate was more ‘than yield
tags,
8,000,000 bales above the 1 of 12,407,000 bales.
TYPEWRITTEN LETTER AUTOMATICALLY TYPES SODRESSING & MAILING | Mu TA TENSILE |
— —— : GENERAL INVESTORS TRUST A Diversified Portfolio of Goemmon Stocks Prospectus and Other Literature on Request
TP BURKE G COMPANY
smooth light | §
New York Bonds
By United Press BOND PRICE INDEXES
80 No. Rais. oh. Ponds,
at ot.
HED: vivo ih hao
is 1043-40 Vas 1940.44 as 1 1063-4 3 81 HE Vas 1 2%s 1069-56 Federal Farm Mortgage Bonds 1049-44 .. 1038 1038 Home Owners Loan Bonds «3 1.10 181.10 101.10 Ky . 1982 : 1%: 103.2 103.2
1062-44 DOMESTIC BONDS
Al Corp Bs PF cv 448 Au Toh 45 0 of O
a8 “eon 4s 87.
103.8
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Phil RILEY 4
Btan Oil NJ 8s 61 US Rubber Le 47 Young B&T 4s 61 Young 8&T 3hen b1
POREIGN BONDS I 20-27 6
—
— «130 Wd IDES Se >
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>
Argent 4'4s Brazil 5158
87 04 i
BANK STOCKS
(By Blyth & Co, Inc)
Bankers Trust Central Jiahover Chase Nationa Chemical puaranty on Irving Tru Mamitaciurers Trust
ational 9 45 Continental 11 Natl Chicago. i
Pirst Naujahal Bah oston . National Lh awmtut Boston .... National City Cleveland 30, Fire Insurance Aetn
Pir City "ot New York dera a
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MONEY MARKET
NEW YORK, July 28, r Mowey rates remained unchanged today anker’s Acceptances day 17-16%: 60 and 00 days, wa “16%: Ki days, 0-16@%%: 1560 and 180 days. %@
09-16%, Commereta) Paper«Pr{ ye names, and davs, on 120
Time Money— Ho and 160 days, 1%. Rediscoint rate
t Now York, 1%.
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FIVE-CENT LIMIT By United Press WINNIPEG, July 20.-—The execu» tive council of the Winnipeg Grain Exchange today approved continua= tion of the five cents per bushel limit on grain trading fluctuations, It was understood no date for discontinuance of the practice was set but that the committee had been empowered to deal with the matter until Dec, 31, 1937. STEEL INCOME By United Press PITTSBURGH, July 20.-—A net income of $6,013,077 for the quarter ending June 30, was reported today by the National Steel Corp. which during the same quarter of 1036 had a net income of $2,805,570. The last quarterly income is equal to $2.77 per share on 2,167,777 outstanding shares of capital stock. Net profit for the six months ending June 80 is $11,708,806, equal to $540 per share, which compares with $5,182,714, equal to $2.40 per share, for the first half of 1036.
National Debt
GROWTH OF OUR NATIONAL DEBT
(U8. TREASURY DEPT.)
Wonirunes 1 92%
INCOR Krdliy INVE STOR’
BOSTON, July 20.—Steadily climbing Ypward for seven consecutive years our national debt at the end of the Gavernment's fiscal year on June 30 stood at $36,400,000,000. This is an increase of $2,600,000,000 during the fiscal year. For every dollar paid out by the Government the past year only 65 cents was collected in taxes.
WHEAT PRICES DROP SLIGHTLY IN CHICAGO PIT
Corn Firms to Fraction Lower as Oats Make Light Decline.
CHICAGO, July 20.—~Wheat prices held about steady today at opening levels on the Chicago Board of Trade. At the start wheat was % to % cent lower, corn was unchanged to % cent lower, and oats were % to % cent lower, Trade was only fair during the forepart of the session with but little outside interest. An internaetional grain house was an infree quent buyer during the morning and this encouraged some local demand, which, with local resting orders absorbed scattered offerings, Liverpool and Winnipeg recovered part of the early losses. A cargo of Pa= oiffc Coast wheat was reported worked late yesterday for export to Ireland, Wheat receipts were 208 CATS, Corn prices were unchanged slightly lower and portions of early losses on December wera erased. September futures, however, ran into profit-taking and eased, The tone was irregular, Corn receipts were 11 cars,
to the
WAGON WHEAT
Ty fran elevators are paving for Ne, red other grades on thelr merits, ash ¢Orh, new No vellow, ne Oats, 40. ay=-No, 1 timothy, s15@1 5.50,
ARGENTINE GRAIN
BUBNOS AIRES, July 20 - Grain, futures pened steady, Wheal~ neha $125, uns ahged, Bept., 81.22%, une lange: Corn 5be, \inchangea; Bept,, B5'4e, une hanged, Quis #pot, 29550. unchanged, ax -- Aug. 81734%, unchanged, Bept., 81.34%, unchanged
WINNIPEG WHEAT Of Change, — by we] iy
LIVERPOOL WHEAT Prev, Olote close $1.40% 81.43% 1.36%: 1.37% 1.368Y 1.368% 1.37 1 32% 1.32% 1.32%
CHICAGO PRODUCE
Eggs -— Market, firmer; receipts, 6928 cases, fresh graded firsts, 19%4c firsts, 20sec; current feceipts ties, 16%¢c; checks, Vac; storagespacked extars, 21%c¢; storage. packed firsts, 20%e, Butter—Market, steady: receipts, 16.273 tubs; extra firsts (90-01% score). 2090; extras (92 acore), 3le. frat, 20 Y401 300; seconds, 24@27'%0; specials, NV, @320; standards, 210; centralized (88 score), Mo} centralized (80 score). ale, oultry—Market, steady, recelnts 61 trucks; geese, 12¢; ducks, 114 13¢: 20@21¢; Le horn hens 14145¢; chickens, 2450; broilers, Te oatans, 13a ido. fryefs, 18@24c;
14615 Cheere— Twins, 16'%4@16%¢ @17%c; Tonghorns, 17% PRT Potatoes Bunplies moderate to steady; Salifornia White f 2. $1.50; Idaho. Biisa "81 55611 60 UB Solingrelals, BAe 45; Oregon Bliss Triumnhs, $1.5 ashinglon White Fiose, 82.15: Waghin pid] Russel Burbanks, 82.25: Missouri Cobblers, 1.281.756: Kansas Cobblers, 81.3247 1.35; Ninofs Cobblars, $1.40. Nebraska Cobblers, 81.35; Colorado Cobblers, 81.404 1.45 4, shipments,
FOOD PRICES
atSHCA AGO, July 29 weet Potatoes abama, bushel haskels, on B80. Oarrats Aina bunches, 1 2'5¢. Bpinach nois, bushel, Pom toes Wash fon, lugs, wt aalifigwer ington, erates, $15041.75. Peas ington, hampers, 81. Sona (elary 3 gan, flat crates, 254 50¢, ara inns fal Ib, faska: Re jowa "i chr sl; 111 ornia os, 1.8561. 40; "Washi fo N Valencias, $11.2 ns A
ih Low vo Bl 3% 8. 40%, 1.38
1 ear, hens, spring 17a 22¢; turkeys,
dalises,
rkat, one,
Arrivals, on 480. track, 220;
————— sn
BROKERS’ OPINION
By United Press
NEW YORK, July 20.-Brokerage opinion today.
E. A, PIERCE & CO.—During the recent weeks the market has discounted favorable ‘side of dew velopments in Washington whereas in its haste to adjourn Congress may offer several temporarily upsetting proposals.
REDMOND & CO0.-We would look for some further downward drift of moderate proportions, but think that within a few days the technical condition of the market will have been improved to an extent that will permit a good trading rally.
HORNBLOWER & WEEKS-—A series of alternate rallies and declines can be expected to feature trading. Thus presenting oppor= tunities for quiet turn trading profits.
SHIELDS & CO.-The more res actionary tone of the market may last for a while longer, but thus far there has been no indication of ime portant selling that would reflect change in expectation of an active fall and winter trade movement,
ATKINS, HAMIL, & GATES Nothing looks particularly disse turbing for a while except the possi» bilities of difficulties in the Far East, Irregular price movements are possible, however, for a few days,
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