Indianapolis Times, Indianapolis, Marion County, 29 July 1937 — Page 17

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PAGE 16

THE INDIANAPOLIS TES

THURSDAY, JULY 29, 1087

COMPLETE N. Y. EXCHANGE

STOCKS =

- The Times Financial and Market Page *

COMPLETE LOCAL

w LIVESTOCK

STOCKS IRREGULAR ON QUIET MARKET

AS BONDS ADVANCE 5

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 13%. Steel shares were firm with U. 8. Steel at 115 up 5%. Chrysler was unchanged at 111% and General Motors lost a fraction to 537%. Case was unchanged at 178. .U. 8. Government funds and foreign liens moved iregularly higher in quiet dealings on the listed market today, while domestic corporate loans developed an irregular trend.

FIRST HOUR

The market opened irregular and | TF

dull but later advanced under lead of steel shares. TU. 8. Steel had 1% gain at 115%, Bethlehem 1% gain at 95, American Rolling Mill 1% 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 34 but Allied Stores and Associated Dry. Goods firmed. Bethlehem Steel maintained 1% advance at 947%. U. S. Steel was 3% higher at 115% and Chrysler had % gain at 112%. Volume approximated 120,000 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. 8 ” "

Today's Business At a Glance

GENERAL BUSINESS

Bureau of Mines reports produc tion of Portland cement in June showed decrease of 1.9 per cent and shipments 1 per cent increase over year ago; production 11,163,000 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. $501,778 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 $1,002493 or $303 a share vs. $573,794 or $1.73 year ago; June quarter net profit $551,708 or $167 a share vs, $450,784 or $1.36 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 $58,726 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 $142,209,475 vs. $88,880,060 year ago; 12 months booked orders $235,850,719 vs. $147,625278 year ago; 12 months billings $179,102,495 vs. $137,520,705 year ago, Conde Nast Publications Ine. and subsidiaries, first six months net profit $127,790 or 87 cents a share vs. net loss $5,971 year ago; June quarter net loss $38,930 vs. net

MARKETS AT A GLANCE

Stocks in narrow

irregular range. Bonds mixed; U. S. Government issues iregularly high-

er. 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 te 4 cent a bushel higher, Rubber futures slightly easy. Silver unchanged in New York at 44% cents a fine ounce.

Curb Stocks

By United I'ress NEW YORK, July 29, — Stocks opened

steady. Open Chunge Amey Cyanide B ., ees. vonernn, 33% +% Am Sup Pow y Cities ons

tig Tie % iA Tih

ervice id

8 ‘E Niagarga H P . Nat Sus Ref

UR Lt& PA Loins

Cn ny

>] Yh pt CO wa —-—_ ~o BE o

> a

FEF

I NWHONLEOODOBW.

Air CoRR PS ha $Tp pf. . Sev 54 Stutz Motor Sunray Oil Technicolor

273, Un Lt&Pwr A

Armour & Co Berghoff Brew Cent & SW U “eee, Chgo Corp cv of Cord ©

Marshall Field Nat Standard Raytheon Mfg Rollins Hos

preceding quarter and net loss 497 year ago.

Federal Motor Truck Co. and subsidiaries, six months net profit $76,857 vs. $123,005 year ago.

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 $1.35 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 subsidiary, second quarter net income $2,835,860 or 22 cents a share vs. $2,885,492 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 $12,080,884 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 Century-Fox Film Corp. and subsidiary, 26 weeks ended June 26 net profit $3755 ,483 or $1.76 a share vs. $2,769,190 or $1.43 a share year ago; profit $1,687,886 or 77 cents a share $2,067,599 or $1 preceding 183 he 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 Pacilie Coal and Oil Co, regular quarteny 10 cents 'payabl Sept. 1 record Aug. 11. S

quarterly $1.25 on common ‘and common “B” share both payable Sept. 1 record Aug. 10. Consolidated Oil Corp. regular quarterly $1.25 on $5 cumulative rele payable Sept. 1 recerd u olopliane Co., Inc, 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 quarters ly $1.75 a share on $7 first preferred

profit $166,720 or 49 cents a share

payable Sept. 1 record Aug. 15.

Coty Ys |'Crane Co cu

13 weeks net th

0 American Tobacco ©bo., regular Bub

By United Press

High “Low Air Redue ..... 73 3

Coals 3 ..238 238 . 9}

Last Change 73 vans

7% m Loc 45 Am Much & Met L¥ & 88. ve 3 27

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Am Rail iit Seating Stl Fdies ..

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Callahan Zinc .

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om In T o 05! om Solvents valk .

ptf. i Crown Zeller . Cub-Am Sug ... 90s Curtiss-Wr > =

Dist Seag Douglas or. “ee DSS&At Du Pont ©

East R Mill ..,

pk... agit Bide vers

Fair Morse .... Fed Mot Fid Phen Flintkote Co ... Follansbee Food Mach

Gen Cable A ...

ESR

2 -

Soo Graham-Paige . Gt North pf ... Homestake .... 2 Hupp Motor ... kL

Ill Central Int Agric Int Blsiness M 1581 Int Nickel 647

Int Int T&

Kennecott Kresge SS

2 Lone Star Cem Bhi Loose-W Bis ... 30% Ludlum StI .... 3

Manati Sug .. . Manat: Bi a rine vr Marsha | Fld 7 8 63'%

LOCAL ISSUES

The following quotations Ny iy Jenne. Pnaioate. the aBproKiar ares Vor Sa ndicate the approx ate marke! Ro as furnished by the Sore

(By wowumw: 3 Bona & id Corp.)

nterstat Kokomo

13 Wa tor T H Water Trac Term

Be firoad St Yds cum.... §

orks 6s 49 57...

P R Mallory rogress Laund Pub Se

Bv ik P. Crist & Co.»

Market St. Investing Corp © 3v.08

U. S. STATEMENT

WASHINGTON, year throug NG expenses at a oie nt rien |X

uly 27, compa t Year EE H 7,490.

3 48,4 Ea

iw oor NS: 92

Inactv,

For Final Stock Quotations See Later Editions of The Indianapolis Times

PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX NEW YORK, July 20.—Dun & Bradsireet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-1932 average equals 100):

Yesterday ........ 140,72| Year ago Week ago

Month ago ....... 145.805/1937 low

Following Bre the commodity prices used in compiling the

daily price

Commodities Wheat, No. 2 red (bu) ..vuvese Corn, Ne. 2 yellow (bu) ....., Rye, No. 8 (bu) ........ Oats, Neo. 8 white (bu) ...... Flour, spe. pat (I196-Ib, sk.) ,.. Lard, prime steam spt (Ib) .., Coffees, Rio Ts spt (Ib) Sugar, raw 96 test (Ib) ,...;n Butter, 92 score (Ib) siarennene Hogs, sve. most sales (Ib) .... ¢ an),

Today $128 1.03% 88 82% 7.85 110% 09% 0345 S13

Tessa see

rvuees. 143961937 high (Apr

1 5) 158.26 ( 26) 140.63 Lead. spot Zine spot (Ih,

$1.2% sL2 LIV 1.08 93% 31% 881 41% 8.15 325 +1200 A157 00% 08 0342 . 31 Si% « +1240

Copper eleetrolytie (b.) ...... th.)

Tress aasenes Tee

Tin. straits spot (b.) Silver, comml, re 02.) oye

Year Are $ .1010 Aik

Today

§ 1% 3 108 18 18 J J Ji Je 1.95 1.88 J1825 1878

060214 086214 HY

Ay nm ».

n 4.55 2.08 60,00 52.50 095 121 1.27 East St. Louls: ime. Bow Works All oth

“ee

sess F&F

29.53 i 8h

80 INDUSTRIALS

182.57 devine 1ER08 Month ago . 170.18 Year 8g0 ........ eye yy 166.00 High, 198%, 194.00; low, 166.51, High, 1036, 184.90; low, 143,11.

20 RAFLROADS

USOrERY «vivre Week ngo ..

-1.67 40.861 +0.84

Teresa sts enna

Yesterday

108%, 64.46; High, 1036, 50.89;

low, 50.1% low, 40,66.

Month ago ... Year ago High, 1937, High, 1936,

25.45. 28.63.

3 low, low,

Yesterday Week ago Month ago Year ago High, 1937, High, 19386,

60.67; low, 57.57. 66.38; low, 51.20,

Moca Corp

den Ret .... inn-Moline ... onsanto .... ont Ward .... other Lode

Frey FERRER

bt ODD nw Pe OO = oa

ITI LIPID

oo oo &

Neyhort ind.... Ny Central. ... 3 Y C Omnibus NH&H..

Nw AOS oe ~n

-3 aa

Otis Elev 40 40 Otis Steel 18% 18% Paramt Plot ve a para R&R pl, Penn R R . Phelps Dodg .. 50 Phil Morris ..., Pitts Sc & B.. Port Ric-Am A Proctor > Go. G6

Purity B ak oo MH

k RT Si as . 2 Tob 52% yn Met Ros roar gt Jos Lead ... 5

ave Air L pt 5%

BANK CLEARINGS DECLINE IN WEEK

By 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 1836 week, a gain of 17.5 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 $2,719,540,000 last year, a gain of 22.1 per cent, while volume outside of New York City increased to $2,129,905,000 from $1918,441000 in the 1936 week, a gain of 11 per cent.

BUILDING AWARDS GAIN IN WEEK

NEW YORK, July 2¢ July 29.—Engineering construction awards this week rose over both the preceding and corresponding 1936 weeks, but TYemained below the average weekly volume for the year to date, the Engineering News-Record reported today. The total for the week was $47, 393,000, 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 $15,660,000 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 $3,918,000 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 qm nt Lyons & Co)

0 eR

allt Ore bres

a C0 DDO retired] ~ Nw

DOD

‘hn Nats fe NY A Bec go's 4585 No heh thie P 3'%s on kia 5 4, ae

DE <I VD ND DEI TTD

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se 128 "66. . Wise Pub Sve 4s '61

LOCAL PRODUCE

(The prices Juoted are paid gathered in the country, while for deliveries in Indiana! i the prices are 1 cent higher EB Each fu ull e ase of eggs must weigh RToss o ERE No. 1 strictly fresh, loss off, 17c reed hens, 5 Ibs, and over, 16¢c: ens, 1ic: heavy breed broilers, k Ibs. and er, ; Leghorn Toad stoe k, 2 Ibs. pa Joe: 15¢; ers, ort stool an ver. 12e; br eke. full feathered and 8, full- sod, foi ne fat " to ie lbs.

Butter_—Oreamery BY Qe te: > aps @Yec TY Bune ai—No.

FOREIGN EXCHANGE July 20.—Opening foreign R Rates. Net Change.

for stock

Le hor

LR stoc roilers, aeaaas ove

Ne:

NEW YORK exchange ORR. Jstand (pound)

ane. a 60-d ain) rate)

France (

5 i $1.32 300 1-64 Sr 4 Be

10000 2001 4.0004 4-.0001 ve <4-,0001 Denmark (krone) .. .0001 Japan (yen) *

Colonial Savings & Loan Association 28 South Mlineis St,

Tenn Corp .... 13

LATEST NEW YORK STOCKS

DOW-JONES STOCK AVERAGES

1041s

Last Sitvwe 93% ~— sie + i - Wh

High Sears hors . ais harp Eh, 10% ell Sh of... 104% kelly Oil 58% Socony- Vacuum 21% t 47%

31%

peu

BS %

D050 1 HED SB 00 RO B31 1 BBR FEF FREFEFFFFERF

SALON ahi ea

me... oS Nivine Min

63% Va ".20% 13% 15% Ya 86% { 101% 101% A ih 32Y

B30 RFR

Transamerica . Trans& West Air Tri-Cont ' 20th Oent-Fox .

Cp ad FEST

Union Carb .

Un Stores A.

, 28% 28% =e

Vanadium

Walworth 18% Warren a Vy oes, hE 8s of aid est -

est, iy Pke .. esting El ... Wheel Steel White Mot Woolworth

Yellow Tr 24 — 4% Young Sheet 88% 88% -— 1p

STEEL BUSINESS STOPS DECLINE

Operations Rise to 85 Per Cent, This Week’s Iron Age Reports.

By United Press NEW YORK, July 20.—Enough spotty improvement has occurred to convince the steel trade that the bottom of the midsummer reces=sion 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 net 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 Lig ey Dealers a, Fi KCP-8-2 ula ® % In G 7 51 16: 46 28.02 10 ! 42 2.63

10.60 30.40 1 1

3 8! 2.23 21

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Cns Pd A . . gut], Shis 1 . 1 uA 20. ¥ Stocks kK Stks 11. 23 12.13 dg ..11.83 12.56 «y+. 12.51 13.51 10.59 11.44 wk 88

NSE) Seow is a wo soos a.

Fiscal Tas k Stk.

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Gen Inv . 6.99 sau Securities gri

19 - 205 . 1.58 +» 1.43 « 1.5% cel 2.12 hrs 1.61 58

Hu p Incp Inv 25.23

FOODSTUFF PRICES DECLINE IN WEEK

NEW YORK, July 20.—Despite | 38the 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 exhibit ed in all classes of livestock prices. The latest index contrasts with $2.77 for the corresponding week of 1036,

nd lor an increase of 4 per cent,

Ameng 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,

LAND Bn BONDS

July a Ask Yield Ran. i :

; i

rr <n AA eg A 4

o at $10.25 to $11.25,

cago price is up $1.50, 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 excess of 2000 head provided sufficient support to the trade today and values 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 | A 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 | Gh smooth lightweights 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,

spotted gains again showed Eastern dressed veal values. to choice offerings cashed at $11 to $1150, with most mediums from $8.50 to $10. Lamb values continued on their upward course under healthy dressed prices. Selling 25 cents higher, good to choice ewes and wethers moved at $10.75 to $11.25, with most mediums from $0.25 to $10.25. Slaughter ewes rose 50 cents to sell at a top of $450 for good to choice lightweights.

Receipts su 40UV uw dow 4000 SUV Www

Bulk $12.70@ 14.00 la dog id. 1d 1d.20W 1d, 10 ld. wis. WW 12.0U0@ 14.40 14.00 24.90 14. V@1s. 0

HOGS

Top $10.00 19.00 10.00 1.00 ls. 0 14.00 15.0

July wl, id, “4 40, al, “0. “wd.

wight Lughts= Ror wood and choice. . [email protected] euwidin L400 Lao

ighiwelghiie— ; - rt wood and . 12,[email protected] LL. 106d. iv

vewum (180-200) wuvu aid . 44.10 do.UY AG. wd Wic. vy

viceuidin Medium Wesgilww— tsvurudy) \ovw ad 12.700 13.00 16.000 Ady [email protected]

(davu=auv) GUY alu A400 dud

choice. . vive, dravynoptilo=—

(suu=sau) 00d choice. .

Culvive. oe 1100@ 11.00 . AVOUALWY rdviev iw aluv PV. iw

10.99 @ 12.00 Addit wv

and (evu=ouy) UUUu uiiu SUUhillg OUWa— (aiu=vav) vod (VUV=2wu) UUW Le | 4au=20V) uuu le iv=dwv) Mw Slaugiiver Puges= (swv-22V) woud and choice. . smcuildin CATTLE —Receipis, wl— Cnowe wuuvl

$12.76@ 15.00 Liv ite vuiuim Pvv@slaiv SAUB sree ene Vou Yoav valuing sean eens 12wola iv Guu. vee ave Shui OV MMowidin . boau bu bu wulitiuusd . Welw b.uu wilvive la. avg lo. 0 de. Aru VIVE hE. OY Is.ovw au. 0 devin 1v

(500-800)

(800-1100)

11100-1300) wUvvu MEUIUIL sve 11360-4000)

Choice woo wuvaidlon Gvuu aud choice . uli, wiewiuin

vows

(890-780) $12. T0@lid. ov

v AAU LE 10 lui asUv livwgitov w.Vvs adv

(720-800)

$.20@ 10.00 V.uVs viav Vou bUL Vieuw wav Viiv vied O.1vw ev Viiv

Choice uv mewidm wuisgiuil aledlium LUW LULWeL anu vaulter Luus, puvud wuliel, vuil, venlers wood She choice

mew] “us _ common

10.50@ 11.50 P.Uv iv.0ov LU Suv

Recep, 200=— teers— (wuv=bU0) Good and chvice. .$ 8.60@ 41.50 LuUHInlual, heuiuin We Pov Feeder anda dluvker atte DLeers wood wuw uiulee ® Lo@ Bi vulisilu, ieuwauih. vu i

woud add unui. uw luis LovliianalUn, Hlcwilm. Vue lu

1600-800) BuU=10ov)

melers— wuuuw alld choice Cutiillva duu uedlum Dose Acw LAMBS —ECeipPLd, Aue wPliug Lambs—vnoice

“We 8.0u

Tr RRR [email protected] LU. dow il. 10 V.eo gh dv.ed DU Bed

4.00@ 4.50 LGV tv

vvva meu din wuld Shur wes Lgu=a iv) owt and choice. . vollilug, Ncw

By United Press CHICAGO, wvuly 20. — Hogs—Receipts, 8000, Lviuuidg sovu dlieuis; slacker, dulive, AW 200 Mgt, WY, 9lu.dv, wliK Buu allu Gilvive lou=wou 1ub., die. viglo; some 319.00 Wis.4U; wlwalels, Gav-ow Ive, Piélid. 19; AOUSLIV lus, esw.Bugle 00; PaChuily 20Ws, au li.ev, ips, 4500; calves, 1000; MaiKey, Ilieguiar, Steer and yealing maiKel, ess Aauvuve PUL Lraue sweauy 10 «aC digger; slu.ov op today, MOsL SLEers sales [email protected]; BUOCKErs, aeeuers, scarce, Arm, sae stock, urm to «ec nigher; lea heiters, $1»; pulls, ube higner, »(.48 on sausage ouerings; tai buns, [email protected], veate.s, Suc niguer, [email protected]; selects, $12. Sheep—neceipts, 8000, including 6000 di= recus; steady w strong, native springers to $11.26; iew choice lots, [email protected]; sheep, nrm,; ewes, [email protected].

LAFAYETTE, July 29.—Hogs—Market, higher; 200- Vos Ios $12.75@ 12.80;

, $12.50@ 12.60; 250-285 lbs , The ) bs., [email protected]; Jib. i

. roughs, $10.76 en lle. 50.

Calves—$10.50@ 11. -200 ibs 90’ . S18 roygis, | $10. 8: Haas,

,—Ho Ei '

WAYNE, AL 2 Ibs. i J alles i, COTTON CROP ESTIMATE By United Press

ray, veteran crop forecaster and analyst, today estimated the 1837 cotton crop at 15810,000 bales. Mr, Murray re to be 80 8-10 per cent of normal.’ Today's estimate was mare 3,000,000 bales above the 1936 a of 12,407,000 bales. |

. A |

-~ es —— GENERAL INVESTORS TRUST A Diversified Portfolio of Common Stocks Prospectus and Other Literature on Request

T. LB BURKE &. SOMPANY.

Torr

Blan 1048-

OHICAGO, July 20.—Nat C. Murs

the erop condition |

New York Bonds

By United Press BOND Re INDEXES

Wnts. Rails. oh. Bo

a ad DOW ID DE TTO

> -¥

ESI:

STIS SIL Dm We

Wt pt OF

2s dais 27%s 1980-5 2%s 1059-56 Federal Farm Mortgage Bond 1040-44 .. 1038 1038 Home Owners Loan Bonds 0-2 ido 101.10 103.2 103.2

1062-44 DOMESTIC BONDS Al Corp 5s 4 Ate ev yin 4

Atl O

—- 32 wR

- Sot hk pet

@« ©

nd ed onal TON aT I BIT ~T TD = DDO PD - ae Seda =

28 “es “con 4'%s 57.... 8 Pac eb Noth

Hh agg

a oa

Fa EB

a a it~ ddd

Vealer prices remained firm asin:

T bs 55 RB Dn ah

US Rubber Ss 47 Young B&T 4s 61....... Young S&T 812s b1 FOREIGN BONDS

Argent 44s oi Brazil 5,8 2 Canada 3'4s 61 Chile 6

apan 6l2s 54 Norway 4s 63

BANK STOCKS

(By Blyth & Co., Inc.)

Bankers Trust Central Jahover . Chase Nation enue Chemical Bi og & Trust guaranty rust Irving Trust .. .. Manufacturers Trust National Cit ve Continental fn Natl Chicago. . First National Dan Josten Ne National Shaw 05t0! National City Cleveland |

Fire Insurance

Aetna Fir City of New ‘York Federal Franklin X Great American Hanover Jarifon

a Fire Westchester Casualty Companies

Continental Casualty

3 eaves St Ve Mass. Bonding & Insurance .

62 i

MONEY MARKET

NEW YORK, July 2% ¥ Toney rates remained unchanged tod anker’s Acceptances = 30 days, “@ 71-16%; 60 and 3 days, @7-16%: “a days, "0-16@%%: 150 and 0 dave. ear

"aiareial Paper—Prime names. 1%, Time Money—60 and 00 days, 1%%: 120 150 and 160 days, 112%. Rediscount rate at Now York, 1%%.

FIVE-CENT LIMIT By United Press WINNIPEG, July 2. —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 1936 had a net income of $2,805,570. The last quarterly income is equal to $2.77 per share on 2,167,777 out standing shares of capital stock. Net profit for the six months ending June 30 is $11,708,896, 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 (V+ 8. TREASURY DEPT)

S— : INCOR PORATED py ATORS

BOSTON, July 29.—Steadily climbing Wpward for seven consecutive years our national debt at the end of the Gavernment's fiscal year on June 30 stood at $36,400,000000. 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

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 1% cent lower, and oats were % to % cent lower. Trade was only fair during the forepart of the session with but little outside interest. An international grain house was an infre= quent buyer during the morning and this encouraged some local demand, which, with local resting orders ab« sorbed scattered offerings. Livers pool and Winnipeg recovered part of the early losses. A cargo of Pa« cific Coast wheat was ;reported worked late yesterday for export to Ireland. Wheat receipts were 208 oars. Corn prices were unchanged to slightly lower and portions of the early losses on December were erased. September futures, however, ran into profit-taking and eased, The tone was irregular, Corn ree ceipts were 11 cars.

WAGON WHEAT

CIy fan elevators are paving for Ne. re 7. other grades on their merits, low 31 » Oats, Hay=No. 1 timothy, $15@15

hy ‘gorn, new No. 2 ve 24c.

ARGENTINE GRAIN BUENOS AIRES, July 29.-—Graln futures pened steady, Wheat—Aug., $1.25, un» changed; Sept. 81.22%, unchanged. Corn—e s unchanged; Sept, ot 29%, g., ar 34%, $1. a be, uhoanged

WINNIPEG WHEAT

~ Gpen «$1.8

MI. vin tober 1.31 ecember ee 1.88 LIVERPOOL WHEAT

Tow lose 81.40% 81.4 Ol 1.36

136, 1.361%

1 264 132% 1.32%

8540, une unchanged, unchanged, Sept,

Dec. 1.3 March » 3 331%

CHICAGO PRODUCE

Eggs =~ Market, firmer; receipts, 6928 cases, fresh graded firsts, 19%¢c; extra firsts, 20¢; current receipts, 18140! dirs ties, 1634¢; check 18'4¢c; storage<packed extars, 21%ec; rae packed firsts, 20%¢c, Butter—Market, steady: receipts, 16.273 tubs; extra firsts (90-91% score), 2034¢; extras (92 score), alec. firsts, 20Va 1 30} seconds, 24@27'2¢; specials, 311, @ 320} standards, 21¢: centralized (88 score), 0c} centralized (80 score). 3le. Poultry—Market, steady 51 trucks; geese, 12¢; 20@21¢; 14 horn chickens, 24sec; roosters, 13a 14c. fryers 147 15e.

receints, 11@12¢; 5, 14%ge; broilers, 18@24c;

Cheese—Twins, 16',@18%¢; @17¢: longhorns, 17% @ 171 %¢ wa oee=-Sunpiiex moderate: market, ak steady. California White one, 82 San 45; U, 8. No 2, $1.50: Tdaho~ Biisa Triumphs, 81.656 160; U, 8 Commercials, Real ts. Oregon Bliss Triumnhs, $1.55; Nashingion White Roge, 82.15: Washinaton Russet Burbanks, 82.25 Missouri Cobblers, [email protected]: Kansas Cobblers $1.32, 7 1.35; Sol Cobblers, $1.40; Nebraska Cobblers, $1.35; Colorado Cobblers, $1.40 1.45. 74; on track, 220;

1 ean, hens,

turkey 8,

daiises, 17'%

Arrivals, 480. Shipments,

FOOD PRICES

CHICAGO. July 20 Sweet Alabama, bushel baskets. $1 80. Oarrots—= Illinois, bunches, 115@2%%¢c. Spinach—TIllle nois, bushel, 75c@ $1, Tomatoes—Warhinge ton, lugs, $1@1 1% a1 hliflgwer-— Wiashe ington, crates, [email protected], pas ashe ington, hampers, $1. Sons Celery-—Michie gan. flat crates, Onions (50-1h, i y f212¢cm81: Calis ornia, whites, [email protected]; Valencias, [email protected] # Washmmen,

BROKERS’ OPINION

By United Press

NEW YORK, July 29. —Brokerage opinion today.

E. A, PIERCE & CO.—During the recent weeks the market has discounted favorable ‘side of des velopments in Washington whereas in its haste to adjourn Congress may offer several temporarily upsetting proposals.

REDMOND & CO.—-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 exe Yor that will permit a good trading rally.

HORNBLOWER & WEEKS--<A series of alternate rallies and declines can be expected to feature trading. Thus presenting oppore tunities for quiet turn trading profits.

SHIELDS & CO.—The more ree 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, HAMILL, & GATES Nothing looks particularly dise turbing for a while except the possie bilities of difficulties in the Far East. Irregular price movements are possible, however, for a few days,

Potatoes

ON SAVINGS

al UM

aT 1S ‘OHIO

coal, TY

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