Evening star. [volume] (Washington, D.C.) 1854-1972, June 16, 1937, Image 17

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Evening star. [volume], June 16, 1937, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 16 June 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-06-16/ed-1/seq-17/>

Newspaper Page Text

IMPROVED 10NE
Steadiness in High-Grade
Corporate Issues Also
Marks Trading.
————- -
Bond Averages
•in in in m
Ralls. Indust. Util. F'an.
Net change. +.1 Unc. Unc. Unc.
Today, noon 93.2 102.9 97.8 72.3
Previous day 93.1 102.9 97.8 72.3
Month ago.. 93.0 102.6 97.9 71.2
Year ago ... 92.6 102.7 102.0 69.9
1937 high _. 99.0 104.4 102.8 74.7
1937 low_ 92.6 102.4 97.8 70.5
1936 high ._ 98.2 104.4 103.1 73.0
1936 low_ 86.9 101.8 99.3 67.6
1932 low_ 45.8 40.0 64.6 42.2
1938 high .. 101.1 98.9 102.9 100.5
10 Low-Yield Bonds.
Noon-111.0 Prev. day. 111.0
Month ago 110 3 Year ago. 112.0
1937 high. 113.7 1937 low.. 108.4
1936 high. 113.5 1936 low.. 110.2
1928 high. 104.4 1932 low.. 86.8
(Compiled by the Associated Press.1
By the Associated Press.
NEW YORK, June 16.—A slightly
Improved tone in United States Gov
ernments, together with steadiness in
high-grade corporates, marked bond
trading today. With the recent rush
of new issues some traders feel the
bond market may take a brace.
Swings in the Federal list were
mostly upward. The 4'4s gained 7-32
and the 2’4s of 1954 were up 5-32.
Home Owners’ Loan 3s and Federal
Farm 3s slipped a trifle.
Of the corporates Shell Union Oil
liens were bettered >2 and National
Dairy 3\s were up :4. Northern Pa
cific 4s were a little better. Bethle
hem Steel Issues slumped slightly.
Lower were Atchison 4s, Studebaker
6s. Missouri Pacific 5s and Youngs
town Sheet & Tube 3'2s.
The foreign list was uneven.
DIVIDENDS ANNOUNCED
NEW YORK. June 1Dividends de
clared (prepared by Standard Statistics
uorp.);
Extra.
Pe- Stk.of Pay
r>,0, Rate. riod. record, able.
Chain Store Inv Tr
(beneficial inn .. 15c _ 6-15 7-15
Filth Ave Bank ... $10 __ 0-30 *7-1
Arrearage.
Aero Sup Mfg A _ 75c __ 6-26 7-1
Initial.
Reinsur Corp of NY-.15e__ 6-18 6-2S
Increased.'
Detroit Edison S2 __ 6-25 7-15
United Specialties_ 35c __ ti-21 7-1
Accumulated.
Canadian Wirebound
Boxes A 91 __ 6-15 7-2
Western Dairies S3 pf 7 5c 6-21 6-30
Cuban Amer Sug pf S2.50 7-10 7-15
Regular.
Aetna Insur .40c Q 6-17 7-1
Canadian Wirebound
Box A 37'gC Q 6-15 7-2
Easy Wash Mach A ..25c . 6-24 0-30
Do B ... -25c _ 6-24 6-30
Fafnir Bearing __ S3 6-21 6-30
Hart A- Cooley Co __ S3 Q 6-21 7-1
Industrial Rayon Cp 5(ic Q 0-25 7-1
Inland Investors 2oc Q rt-lii 0—30
Kentucky Ut O', pf si.50 Q 0-35 7-15
NY Pow & Lt 7', pf SI.75 Q 6-15 7-1
Do S6 pf ..91.50 Q 6-15 7-1
Newark Cons Gas. $3.50 S 6-21 7-1
Providence Gas 20c Q 6-15 7-1
Std Fuel 6Hrc pf ?1.62"a Q 6-15 7-1
Western Pipe A: Steel 50c Q 6-25 7-10
Do 77 35c S 6-30 7-15
Aero Sup Mfg A . .3712c Q 6-2(i 7-1
Charis Corp _ _37’2C Q 7-22 8-1
Clinton Trust . . . 75c Q 0-17 7-1
Doehler Die Cast., ,50c 7-10 7-20
Fedders MfR __,.25c 6-2.3 7-1
Fifth Ave Bank _ $6 Q 6-30 7-1
Gt Lakes 8S _7 5c 6-17 6-28
Hershey Creamery_50c SA 0-15 6-30
Hershev Creamery
■S. pf $3.50 SA 6-15 6-30
Lawyers' Trust_ Hoc Q 6-21 7-1
Natl Biscuit _ 40c Q ft-10 10-15
Natl Biscuit Df_$1 75 Q 8-1.3 8-31
Pullman Inc _87‘.ac Q 7-24 8-10
NEW YORK BANK STOCKS
NEW YORK. June 16 <JP).—New York
Security Dealers’ Association:
(Quotations as of 2 o'clock.)
Bid. Asked.
Bank of Manhattan u’a) 3o>2 32*2
Bankers Tr <2> ♦».■>12 67*2
Brooklyn Tr «4> 1 l s 123
Cen Han Bk Az Tr «4) xd 120 123
Chase Nat tl 40> 4S1; f>oi2
Chem Bk Ac Tr (1>0) ♦••.‘‘a 04'2
Commercial iM 13] 137
Cant Bk Ac Tr <>()> 10 17i2
Corn Ex Bk Az T . 6234 63 \
Empire Tr 11 > 2!)34 3n34
First Nat iBost (2) _ 4s12 5o>2
First Natl < 100) 1080 2020
Guaranty Tr <I2) 322’ 327
Trvinp Tr (.60) 15 jH
Manufacturers Tr <2> fill's 5314
Manufacturers Tr pf (2) oOla fi"'i
Natl City (li 41 43i_
New York Trust (5)__ 12* 127'
Public (1 Va» 41 43
Title g & t .. i2»4 iJv;
FEDERAL LAND BANKS .
NEW YORK. June 16 ^.—Federal Land
Bank bonds.
Rate Maturity Bid. Asked.
* «s Nov . 195K-.TR _ 1 o.‘i34 1041.
} 45 May. 3 957-37- 191 ’< 101 Vi
*s May. 195R-.TR _ Hid’, Kill
*5 Nov.. 1957-57_ 1013» 101*4
4s July. 1946-44 _ . __ ] UK1. 19934
3'<s May. 1955-45___ 1 017s ]0ol4
3s July. 1955-45 _ 1 (Id’s lOfi’s
3s Jan.. 1956-46 _ 100’, 100’',.
Ss May.. 1956-46_ 3 00’s 100’i
CHICAGO PRODUCE.
CHICAGO. June 16 tip).—Poultry, live.
r>3 trucks; hens steady chickens easy’
hens, over 5 pounds. 17’2: 5 pounds and
less, j . . Leghorn hens. 12’2; frvers col
ored J9»a. Plymouth Rock 21; White
Rock. *22; barebacks. 17: broilers coJ
ored 1 !*: Plymouth and White Rock. 20*
barebacks. 16: Leghorn 15-18: Springs’
colored 22: Plymouth Rock. 23; White
Rock. 25,/a: barebacks. 20; roosters 13
Leghorn roosters. 12 Turkeys, hens l.V
toms. 14. No. 2 turkeys. 13. Ducks’
white and colored. 4'a Pounds up. 12:
small 1<). Geese. 9.
rh®^'IJERTr I'.979 steady: prices un
changed Ebbs' 18 077- flrm: Brices un
Potatoes. 114: on track. 384 ■ total
Cnited States shipments. 1,011 ’ Old
stock about steady: supplies light: de
riov,o DRht'f ^clc,ed- . Per hundredweight:
Idaho Russet Burbanks. U. S. No. j. car
1.7 5: Montana Russet Burbanks. U s No
1. car. 1.60: Washington Russet Bur
banks. combination grade, car, i 75 New
stock steady, supplies light: demand light
California White Rose. U. S No 1 1 TO
RO: North Carolina Cobblers, u. S No 1
mostly 1.50: ear. line quality. 1.60- few’
showing considerable decay. 1.00-°5; Bliss
Triumphs. Texas, U. S No. 1. fair con"
ditlon. few sales. 1.45: Arizona. U S No
7 bPst', 1.50-HO: showing heated, some
decay, 1.25-40: Arkansas. U. S. No 1
fpw if1,”' Eenerally fair condition. 1 25
Bh: Oklahoma. U. S. No. 1. car. fair con
dition. 1.35: Oklahoma Cobblers U S
R°- 3- 1-60: Louisiana Bliss Triumphs.'
3- fpw ,s*les. 1.55-BO; car un
classified. 1.35: Alabama Bliss Triumphs
U. S. No. 1, fair condition. 1.40.
U. S. TREASURY POSITION.
By the Associated Press.
The position of the Treasury on June
14: Receipts. $37.2(14.525.48: expendi
tures. $32,058,428.16: balance. $1,806.
260.281.83; customs receipts for the
month. $21.138 471.03.
Receipts for the fiscal year (since July
IV $4 70.3.059.764.61: expenditures. $7,
107.416.487.59 including $2,710,301.
186.70 of emergency expenditures: excess
of expenditures $2,404,356,722.98: gross
debt. $35.2S1.874.582.01. a decrease of
$447,298.87 under the previous day: gold
assets. $12,192,749,288.34. including
$961,403,342.78 of inactive gold.
-«
FOREIGN MARKETS.
LONDON. June lfi t/P».—Trading in to
day's .stock market was on a larger scale
and industrial shares were firm, with rub
ber issues in good demand Oils and min
ing securities sold higher, especially the
«old issues. Trans-Atlantic shares were in
food demand, but reacted slightly from
he high prices of the day. German bonds
were strong.
PARIS.—The Bourse closed with a heavy
tone. Although government bonds were
firm, rentes finishing with gains of 5 to
85 centimes. Bank of France issue lost 145
francs. Royal Dutch declined 91 francs
and Suez Canal was weak, with a loss of
845 francs from Tuesday's close.
MONTREAL SILVER.
MONTREAL. June 16 OPv—Sliver fu
tures opened steady, unchanged to fi
hiFher. July 44.35b: September. 44.00b:
December. 43.95b. b—Bid.
i (
BONDS ON N. Y. STOCK EXCHANGE
Bj private wire direct to The Star.
Approximate Transactions Today.
U S Gov’t Bonds—980,000
Foreign Bonds__ 990,000
Domestic Bonds 5,740.000
TREASURY.
All time shown below It darlleht ravine
on which the Exchange la now ooeratine.
Hish. Low. Clote.
2'4s 1949-53_ 97.23 97.19 97.23
2Vis 1945-47- 102.21 102.21 102.21
2 94 s 1948-51_ 100.16 100.16 100.16
2 Vi s 1951-54- 99.24 99.20 99.22
2Vis 1956-59_ 99.15 99.12 99.14
2%s 1955-60- 100.16 100.11 100.16
3s 1946-48 _ 104.3 103.28 104.3
3s 1951-65- 102.20 102.15 102.20
3Vis 1946-49- 104.26 104.21 104.23
3Vis 1949-52- 104.18 104.14 104.18
3 Vi s 19 41- 106.2 106.2 106.2
3Vis 1944-46 _ 106.6 106.4 106.6
3 Vis 1940-43June 105.14 105.14 105.14
3Vis 1941-43 Mar 106.10 106.8 106.10
3*is 1943-47_ 106.22 106.21 106.21
3 Vi s 1946-56- 109.17 109.17 109.17
4s 1944-54- 111.13 111.12 111.13
4Vis-3V4s ’43-45. 106.9 106.7 106.9
4Vis 1947-52_115.31115.26 115.30
i
FEDERAL FARM MORTGAGE.
2Vis 1942-47_101.9 101.9 101.9
3s 1947- 102.28 102.28 102.28
3s 1949- 102.10 102.7 102.10
HOME OWNERS' LOAN. *
2Vis 1942-44 _ 99.31 99.30 ■ 99.30
2 Vi s 1939-49_ 100.8 100.5 100.6
3s 1952- 101.30 101.30 101.30
FOREIGN BONDS.
High. Low Close.
Abttibl Pa&Pw 5s '53. 97% 97% 97%
Antloquia 1st 7s’57„ 11% 11% 11%
Antwerp 5s'58 _101% 101% 101%
Argentine 4s'72_ 92% 91% 91%
Argentine 4 %s '71_ 100*, 100% 100’,
Argentine 5%s'62... 100& 100A 100&
Argentine 6s '67 A... 100*! 100*! 100H
Argentine 6s’59 Oct.. 101* 101* 101*
Argentine 6s ’60 May. 101% 101H 101*j
Argentine 6s’60 Sept 100S! 100J! 100*!
Argentine 6s’60 Oct. 101*101*101*
Argentine 6s'61 Febr 100% 100% 100%
Argentine 6s'61 May. 101H 101*5 101*!
Australia 4 %s'56_102% 102% 102%
Australia 6s'65_107s* 107V, 107%
Belgium 6s'55_110% 110% 110%
Belgium 7s'65_118% 118% 118%
Berlin 6%s'50_ 23 23 23
Berlin Elec 6%s'59.. 25 25 25
Brazil 6%s'26-'57_ 38% 38% 38%
Brazil 7s'62_ 39% 38% 38%
Brazil 8s 41_ 46% 45% 45%
Brisbane 6s'58_ 101% 100% 100%
Buenos A C 6s'60 Oct 101 101 101
Buenos A C 6%s'55 102’, 102% 102%
Buenos A C 6%s'61Fv 101% 101% 101%
Beu A 4%-4%s'77 Pv 79% 79 79%
Buenos A4 %s-4 %s’75 82% 82 82
Buenos A 4 %s’76 Aug 80% 79% 80
Buenos Aires
4%s-4%s'76 April. 80% 80% 80%
Buenos A 6s’61 st Pv. 87% 87% 87%
Bulgaria 7s'67_ 26% 26% 26%
Canada 2%s'45_ 99',a 99% 99%
Canada 3s'67 _ 93% 93'* 93%
Candaa3%s 61_ 99% 99s. 99%
Canada 4s '60_107% 107% 107%
Chile 6s '60 _ 21 20% 21
Chile 6s'61 Febr_ 21 20% 21
Chile 6s'61 Sept_ 21 21 21
Chile 6s'62_ 20% 20% 20%
Chile 6s 63_ 21 21 21
Chile 7s'42_ 20% 20% 20%
Chile Mtg Bk 6s'61_ 17% 17% 17%
Chile Mtg Bk 6s'62... 17% 17% 17%
Chile Mtg Bk 6%s'57 17% 17% 17%
Col Mtg Bk 6%s'47.. 23 23 23
Col Mtg Bk 7s 46_ 23 23 23
Col Mtg Bk 7s'47_ 23 23 23
Colombia 6s '61 Jan._ 26% 26% 26%
Colombia 6s'61 Oct.. 26% 26% 26%
Copenhagen 4 %s'53. 98% 98 98%
Copenhagen 5s '52 .. 100% 100'* 100%
Cordoba 7s'37 stpd... 75 75 75
Costa Rica 7s'51 A._. 34’4 33% 34%
Cuba 5s ' 14-'49_ 102 102 102
Cuba5%s 45-.-- 58s, 57% 58%
Denmark 4 %s'62_101% 100s, 101%
Denmark 6s'42 _105% 105% 105%
Dominic 1st 5%s'42.. 77% 77% 77%
Finland 6s '45_107% 107s, 107%
Ger C Bk A 6s '38 . .. 39% 39% 39%
Ger C Bk A 6s’60 July 35% 35% 35%
Ger C Bk A 6s'60 Oct. 35 35 35
Ger Gen Klee 6%s ’40 32% 32'4 32%
Ger Gov oVjs 65 at... 28% 27% 28
Ger Rep 7s'49 stpd .. 33 32% 33
GrtCEl Jap 6’4a'50. 88 88 88
Haiti 6s'52_ 99% 99% 99%
Hungary 7 %s’44_ 58% 58% 58%
Hung Con M 7',4s’45. 23% 23% 23%
Italy 7s’51_ _ 87% 87 87%
Ital P U Crd 7s’52_ 74% 74% 74%
Japan 5%s'65_ 88% 88% 88%
Japan 6%s ’54_ 100 99% 100
Lombard Elec 78’52 73% 73% 73%
Low Austria 7%s'50. 98% 98% 98%
Medelin 6%s 54_ 11% 11% 1114
Met Wat 5%s '50_ 102 102 102
Milan 6*.4s'52 _ 72% 72% 72%
Montevideo 6s’59_ 63% 63% 63%
Montevideo 7s'52_ 70 70 70
Minas Gers 6',4s '59_ 25% 25% 25%
New So Wales 5s '58. 103% 103% 103%
Norway 4s 63 _ 98% 98% 98%
Norway 4%s’65_102% 102% 102%
Norway 6s'44_106% 106% 106%
Oriental Dev 6s'53_ 83% 83 83%
Oslo 4 %s '55 _100% 100% 100%
Panama 6s'63 stp as. 65% 64 64
Panama 5 % s '53_ 106 106 106
Peru 6s'60_ 19 18% 18%
Peru Cs’61_ 18% 18% 18%
Peru 7s’59_ 19% 19% 19%
Poland 6s'40_ 50% 49% 50V*
Poland 7s'47_ 64 64 64
Prussia 6s 62_ 23 22% 23
Queensland 7s’41_111 111 111
Rhein Main 7s’50_ 31 31 31
Rhine W El P 6s '53 __ 23% 23% 23%
Rhine W El P 7s ’50.. 24 24 24
Rhur Chemical 6s'48. 23% 23% 23%
Rio de Jan 6>%s 53 ... 25% 25 25
Rio Gr do Sul 6s’68.. 25% 25 25%
Rio Gr do Sul 7s'66... 25% 25% 25%
Rio Gr do Sul 7s’67_ 25% 25% 25%
Sao Paulo C 6%s’57.. 26 26 26
Sao Paulo C 8s’52_ 27% 27'/* 27%
Sao Paulo St 6s'68_ 26 26 26
Serbs 7s'62_ 26% 26% 26%
Serbs 8s'62_ 28% 28% 28%
Siemens & II 6%s’51. 60 60 60
Silesia Prov 7s'58_ 45% 45 45%
Tokio E L Ltd 6s’53.. 80% 80% 80%
Un Stl Wks 6'/2s’51 A. 29% 29% 29%
Uruguay 6s'60_ 68% 68% 68%
Uruguay Es'46_ 70 70 70
Warsaw 7s'68_ 45 45 45
Yokohoma 6s’61_ 85% 86% 85%
DOMESTIC BONDS.
Adams Express 4s '47 100% 100 100
Alleg Corp 5s'44 ... 98% 98'4 98%
Alleg Corp 5s'60 stp 62 60% 60%
Allied Stores 4 %s '50 99% 99% 99%
Am & For Pw 5s 2030 77% 76% 77
Am Ice cv 5s'53_ 96% 96% 96%
Am Inti 5%s '49_106% 105 105
Am 1 GCh 6%s'49_106% 106% 106%
AmT&T3%s’61_ 99% 99% 99%
Am T & T 3 %s '66_ 98% 98% 98%
Am T & T 4%s '39- 104% 104% 104%
Am T & T 5%s 43... 113% 113 113
Am T F 2%s-5s’38-’50 130% 130% 130%
Anaconda dab 4%s '50 105% 106% 105%
Armour(Del) 1st 4s’65 98 97% 97%
Armour (Del) 4s’57.. 97% 97 97%
A T&S Fe gen 4s ’95.. 110% 110% 110%
A T&S Fe ad] 4s '95_. 105% 105% 105%
A T&S Fa ad] 4s ’95 at 105% 105% 105%
A T&S Fe 4%s 48 108% 108% 108%
A T&S Fe C A 4%s’62 112% 112% 112%
A T&S Fe TSCL 4s ’58 111% 111% 111%
Atl&Ch A L 4%s'44.. Ill 111 111
At] Coast L. 1st 4s '62 102% 102% 102%
Atl Coast L clt 4s‘52. 93 92% 93
Atl C L un 4%s’64... 91% 91% 91%
Atl Coast Line Ss '45 . 105% 105% 105%
Atlantic & D lst4s’48. 48% 48 48%
Atlantic & D 2d5s'48 . 46% 46 46%
Auburn Auto 4%s'39 58 58 68
B & O 1st 4s 48- 106% 106% 106%
B&0 4%8'60_ 72 71% 72
B&O 1st 5s ‘48-114 113% 113%
B&O ref 5s 95 A_ 82% 82% 82%
B & O 6s '96 F _ 82 82 82
B & O ref 5s 2000 D._. 82% 82 82
B & O ref 6s 95 C ... 96% 95% 96%
B&O PLE&W V4s*41 103% 103% 103%
B&O Swn 5s 50 ... 104% 104% 104%
B&O Toledo 4s 69 .. 93 93 93
Bell T of Pa 6s '48 B 118% 118% 118%
Bell Tel of Pa 5s’60 C. 124% 124% 124%
Beth Steel 3%s'66 .. 94% 94% 94%
Beth Steel 4%s 60 ... 102% 102% 102%
Bos& Me 4%s'61 J._ 78% 78% 78%
Bos & Me 5s'67_ 83% 82% 83%
Bklyn Ed con 3 % s’66 101 100% 101
Bklyn Man T 4%s ‘66 87 86% 86%
Bklyn Un El 6s’50 .. 100 100 100
Bklyn Un Gas 5s’45_ 113 113 113
Bklyn Un Gas 5s ’50_ 92 91 91%
Bklyn Un G 5s ’67 B„ 105% 105% 106%
Buff G E 4%s'81 B_109% 109% 109%
High. Low. Close.
Buff R&P con 4%s’E7. 86% 84 84%
Bush Ter Bids 6s'60. 64 64 64
Can'dian NR 4%s El. 113% 113% 113%
Can'dian NR4%s'66. 113% 113% 113%
Can'dian NR5s'69 Oct 117% 117% 117%
Can'dian N db 6%s'46 124% 124 124%
Can'dian Pdb 4s pert) 95% 95% 95%
Can'dian Pac 4%s'46 104% 104% 104%
Can'dian Pao 4%s '60 104 103% 104
Can'dian Pae6s'64._. 107% 107% 107%
Caro Cl & O 5s '38_103s! 103% 103%
Caro Cl & O 6s'62 A__ 110% 110% 110%
Cent Br U P 4s'48_ 27% 27 27
Central Fdry cv 5s’41 100% 100% 100%
Cent of Oa 5s'59 C_ 17 17 17
Cent of Ga rf 6%s'59 17 17 17
Cent lllE&G5s'51.. 101% 101% 101%
Cent III Lt 3 %s'66 ... 104 104 104
Cent of NJ sn 5s'87rg. (45 45 1 45
CentPac 1st rf 4s'49. 107% 107% 107%
CentPac5s'60__ 98% 98% 98%
Cert’d deb 6%s *48_ 77 75% 7fi
Ches & O 3%s’96 D_ 98 97% 97%
Ches & O 3%s '96 E_ 97% 97% 97%
C & O gen 4 %s '92-121% 121% 121%
C & O con 5s '39- 107% 107% 107%
Chi & Alt ref 3s'49_ 54 53% 54
Chi B&Q gen 4s '68__ 112% 112% 112%
Chi B&Q ref 5s'71_116% 116% 116%
Chi & E 111 6s'51_ 35 35 35
Chi & E 1st 5s '82_119% 119% 119%
Chi Grt West 4s'59_ 40 40 40
C5I&StP4s'89_ 61 51 61
C M & St P 6s '76_ 26 25% 25%
CM&StP&P adj5s2000 8 7*, 7%
Chi & NW sen 3%s'87 34% 34% 34V.
Chi & NVV 4 74s 2037_22% 22% 22%
Cht & NW 4 %s '49 _ 15V* 15 15
C&NW Nr W 6%s'36. 44 44 44
Chi R I&P rf 4s 34 __ 18 18 18
Chi R I&P rf 4s'34ctf. 15% 15% 15%
Chi R I&P gen 4s '88.. 34 33 33
Chi R l&P 4 74 s ’62_ 18 17% 17%
Chi RI&P 4 7<,s’52 ctf. 17% 17V* 17%
Chi R I&P 474s'60 ._ 10% 10% 10%
Chi T H&S 1st 5s '60_. 91 91 91
CTii T H&S Inc 6s '60. 76% 76% 76%
Chi Un Sta 3 74s'51 ... 105 105 105
Chi Un Sta 3%s'63 E 107% 107'/* 107%
Chi Un Sta 4s'44_106% 106'% 106%
Chi Un Sta 4s'63_110 110 110
Chi & W in con 4s '52 104 103% 103%
Cht & W Ind 4 74s'62. 102 102 102
Childs & Co 5s 43_ 84 84 84
Cin G & E 3 %s '66_100% 100 100%
Cin Un T 374s D gtd-. 105% 105% 105%
CCC&St L Ken 4s '93 . 1007, 100% 100%
CCC&St L rf 4 74s'7 7E 93% 92% 93
Clev Un Ter 4%s'77.. 102V* 102 102%
Clev Un Ter 5s'73 B.. 107 106% 106%
Colo F & I os '43_105% 105% 105%
Colo E& I 5s'70_ 78 78 78
Colo&So 4%s'80_ 59% 59% 59%
Columbia G & E 5s
'52 May_ 100 99% 99%
Columbia G&E 6s'61. 98% 98% 98%
Colum Ry P&L 4s '65. 106 105% 106
Cornel Credit 3 74 s'61 96% 96% 96%
Conn R Pw 3 84s '61 A 104% 104% 104%
Cons Coal Del 5s'60 . 65 65 65
Cons Ed N Y 3 74 s '56 . 103% 103% 103%
Cons Gas NY 474s'61 107% 107% 107%
Consol Oil 3 %s'61 . 100% 100!* 100%
Consum Pwr 3 74 s'66. 100 100 100
Consum P un 3 %s '65 102% 102% 102%
Consum Pwr 3 %s'70. 102% 101% 102%
Consum Pwr 3 % s'65. 106% 106 106%
Container deb 5s'43.. 101% 101% 101%
Container 6s 46 ... 104% 104% 104%
Cuba Northn 5 74s'42. 47 47 47
Dayton P&L3%s’60. 104% 104% 104%
Del & Hud ref 4s'43.. 90% 90% 907*
Del P&L 4% s'69_105% 105% 105%
Den G & E 5s '51_ 108 108 }08
Den & R G con 4s '36 . 30 29% 1 29%
Den & RG 4 74s’36_ 31 31 31
Den & RGW 5s'65asst 15% 15% 15%
Den & RG ref 6s'78 .. 247* 24% 24%
Det Edison 4s'65 F.. 108% 108% 108%
Det Edison 4 74s'61 D 114V* 114% 1147*
Det Edison 5s'52 _ 107 107 107
Dul S S & At 5s'37 .. 50 50 50
Duquesne Lt 3 74s '65. 10474 104% 10474
E Term lien 5s '38 . 102'i 102% 102%
Ed El 111 Bklyn 4s'39. 104% 104% 104%
Elec Auto Lite 4s'52. 108% 108% 108%
Erie cons 4s'96_100% 99% 99%
Erie gen 4s'96_ 81% 81% 81%
Erie ref 5s'67_ 75% 75% 75%
Erie ref 5s'75_ 75 75 75
Fairbks Morse 4s'56. 101% 101% 101%
Fed Lt&Tr 6s'42_102 101 101
Fla E C Ry Ss'74 . _ 11 10% 11
Fla E C Ry 5s'74 ctfs 10% 10% 10%
Gen Mot Acc 3s '45 103 102% 103
Gen Mot Acc 3%s'51. 101 101 101_
Goodrich 4%s'56_100% 100% 100#
Goodrich 6s'45_104% 104% 104%
Goodyear T&R 5s'57. 104% 104% 104%
Goth Silk H 5s'46 ww 95% 95% 95%
Grt Nr Ry 3 %s '67 95% 94% 95%
Great N Ry 4s 46 G._ 128 125% 125%
Grt N Ry 4s'46 H_ 110% 110% 110%
Grt N R rf 4%s '61 A. 113% 113% 113%
Grt NR gen 4 %s'75 D 106% 106% 106%
Grt N R gn 4%s '77 E 104% 104% 104%
Grt N R 5%s'62 B_118 117% 117%
Green Bay 6s'62 B_ 10% 10% 10%
Gulf M&N5S 60 ... 100 99% 100
Gulf M&N 5%s'60._ 102% 102% 102%
Gulf States Util 4s'66 101% 101% 101%
Gulf Sta Util 4%s 46 103% 103% 103%
Hock Val 4%s'99 119% 119% 119%
Hoe (R) 1st mtg 4 4.. 89% 89 89
Hous B&T 1st 5s'37.. 100 100 100
Houston 011 5%s 40. 102 102 102
Hudson Coal 5s'52 . 45% 45 45%.
Hud & Man ref 5s '57. 67% 67% 67%
Hud & Man Inc 5s '57. 25 25 25
111 Bell Tel 3V4»'70... 105% 105% 105%
111 Cent ref 4s'55_ 86 86 86
111 Cent 4% s'66_ 70% 70 70%
111 Cent ref 5s'55 _ 99 98% 98%
111 Cent I,pu 3%s '53.. 96% 96% 96%
111 Cent St L 3s'51. _ 88 88 88
111 Cent St L 3%s'51. 95% 95% 95%
ICC&St LN05S '63.. 82 81% 82
Ind 111 & Iowa 4s '50.. 103% 103% 103%
Inland Stl 3%s'61... 105 104% 104%
Int R T 1st rf 5s ’66 .. 63 61 61%
I RT 1st rf 5s'66 ctfs 61% 60 60
Int RT 6s'32_ 20% 20% 20%
Int RT 7s'32_ 66% 64 64
Int RT 7s'32 ctfs_ 65% 64 64
Interlake Iron 4s'47.. 97% 96 96
Int Agr-cl 5s'42 stp_101 100% 100%
Int Grt Nr 6s'52 A... 32 31% 32
Int Hydro Elec 6s'44. 75% 75 75%
Int Mer Marine 6s '41. 75 75 75
Int Pap 1st 5s'47 A.. 100% 100% 100%
Int Pap ref 6s '65 .... 96% 96% 96%
Int T&T cv 4%s '39... 89% 88% 88%
Int T&T 4 %s '52_ 71 70 70%
Int T&T 5s'55_ 74 73% 74
Iowa C lst&rf 4s'61.. 6% 6% 6%
James F& C 4s'39... 95% 95% 95%
Jones&L Stl 4>/*s'61A 103 103 103
Kan CFS&M rf4s'36ct 48 48 48
Kans C So 1st 3s '60_ 86 85% 86
Kans City So ref 5s’50 87 87 87
Kans C F S&M 4s '36. 52 52 52
Kans C Ter 1st 4s '60. 108% 107 108
Kans G&E 4 %s '80 102% 102% 102%
Pwr pur mon bs at 151% 101% 151%
Keith’s 6s’46_ 98 98 98
Kings Co El 4s ’49 .... 100 100 100
Kings County Light
1st ref 5s ’54_11044 110 110
Kresge Found 4s ’45„ 103% 103% 103V*
Laclede G 6%s'63 C-. 59% 59% 59V*
Laclede G 5%s ’60 D- 59 59 59
Lautaro Nit 1975s_ 33 32% 33
Leh C&N 4%s’54 A._ 95% 95 95%
Leh & N E RR 4s ’65- 102% 102% 102%
Leh V NY 4%s’40 gtd 101 101 101
Leh V P con 4s 2003 67 55% 55%
Leh V Peon 4%s 2003 61% 61% 61%
Leh V RR con 5s 2003 69 68% 68%
Lex & E Ry 5s '65_118% 118% 118%
Ligg & Myers 6s ’51._ 124 123% 123%
Ligg & Myers 7s’44.. 130% 130% 130%
Loew’s 3%s’46 _ 99% 99% 99%
Long Isl ref 4s ’49_102% 102% 102%
Lorlllard 5s’51_119V* 1191* 119%
La & Ark 6s 69__ 90 90 90
L&N 1st 4s 2003__ 98% 98% 98%
L&Nunif 4s’40_106% 106% 106%
L&N 4%s 2003 C_104% 103% 103%
L & N 6s 2003 B_108% 108% 108%
L&N Atl K&C 4s ’55. 112 112 112
L&N St L 3s’80_ 88% 88% 88%
L& N So Mon jt 4s’62 97 97 97
McKess&Rob 6%s’50. 103 103 103
Me C RRclt 4s ’46 A.. 103% 103% 103%
MeC RR gn 4% s’60 A 79% 79% 79%
Manila El R&L 5s’53. 92% 92% 92%
Man S 1st 7%s’42ctfs 61 60% 61
Manhat Ry 4s'90 ctfs 28% 28 28%
Marion St) Shov 6s’47 87% 87% 87%
Market St Ry 7s ’40 A 98% 99% 99%
Mead Co 6s’45 _104% 104% 104%
Met Ed 1st rf 4%s’68 106% 106 106
MidRRNJ5s’40_ 42 42 42
Mil El R&L 6s’61 ..101 101 101
Mil El R&S L rf 6s’71 1014*101 101
MStP&SSM 6s’38 gtd 234* 234* 234*
MStP&SSM cn 4s ’38_ 22V* 22% 22%
Mo 111 5s’59_ 55 55 55
Mo K & T 1st 4s’90_ 86 86 86
Mo K & T 4s 62 B_ 66 66 66
Mo K & T adj 6s ’67._ 67 67 67
Mo K & T 5s ’62 A_ 75% 75% 75%
Mo Pac 4S '76_ 17 17 17
Mo Pac 6s’77 F__ 37 36% 36%
Mo Pac 5s’77 F ctfs— 34V* 34V* 34%
Mo Pac 6s’78 G_ 37 36% 36%
Mo Pac 6s’80 H_ 36% 36V* 36%
Mo Pacific 6s" 81 I_86% 36% 36%
Mo Pac 6 %s ’49 A- 124* 124* , 124*
Mob*Ohio 4%s’7I„ 29% 29% 29%
High. Low. Cloie.
Monong Pub S 474s’60 101* 101* 101*
Monong Ry 1st 4s ’60. 107* 107* 107*
Mont Pwr 3\s'66 ... 93% 93% 93%
Morris & Es 3%s 2000 89* 88* 88'*
Morrls&Essex 4 74s'55 85 85 85
Morrls&Essex 5s'55.. 93 93 93
Namm & Sons 6s’43.. 103* 103* 103*
Nashv C&St L 4s'78.. 90 90 90
Natl Dairy 3%s'51ww 103* 102% 103
Natl DIs PC 4%s'45. 106* 105* 105*
Nat Ry Mex 1st 4s
'51 asst_ 3* 3* 3*
Nat Rv Mex 4*s'57as 3* 3* 3*
Natl Steel 48 65_ 106 105% 105%
New ET&T 4%s’61- 120'* 120* 120*
New Orl & N 4*8'52. 75 75 75
New Orl PS 6s'62 A. 94* 94* 94*
New Orl P S 5s '65 B 94 93% 94
New Or Ter 1st 4S'53 92 92 92
New Orl T&M 6 74a'54 63* 53* 53*
N Y Central 3%s’62-. 107* 106* 106*
NY Central 3*s ’97 __ 96% 96% 96%
NY Central 3*is'46.. 102* 101* 101*
NY Cent con 4s'98... 97 96* 96*
NY Cent rf 4*8 2013. 89 88% 88%
NY C rf 4 74 s 2013 n__ 89 88% 88%
NY Cent rf 5s 2013_ 97* 97 97*
NYCLSh 3*s'98... 92 90* 92
NYC Midi C 3 74s'98_. 89% 89% 89%
NY Chi & St L 4s’46.. 104 104 104
NYC&St L 1st 4s'37-. lOOtf lOOtf 100«
NYC&St L 4 74® '78_ 86* 86 86
NYC&St L 6 74s'74 A. 97* 97* 97*
NY Chi & St L 6s '38 .. 100 100 100
NY Conn 1st 4 74s'53. 109* 109 109
NY Dock 1st 4s'61... 58* 58* 58*
NY Dock 5s'38_ 56 55* 55*
NY Edison 3*s'65 D. 99* 997a 99*
NY Elis ref 3%s '66.. 100% 100 100%
NY G El H&P 4s ’40.. 113 113 113
NY L & W 1st 4s '73_ 98 98 98
NY L&W 4 *s *73 ... 103* 103* 103*
NY EE WD Imp 5s'43 105* 105* 105*
NY NH & H 3 *s '56.. 35 35 35
NY" NH & H 4s '47_ 40 40 40
NY NH & H 4s '56 ... 39* 39* 39*
NY NH & H 4*s'67.. 41* 41 41*
NY NH & H cv 6s’48. 42* 42 42*
NY O&YV ref 4a 92 22* 22* 22'a
NYQueens con3 74 s’65 103* 103* 103*
N Y" Rys 6s '58 A stpd 105* 105* 105*
NY Steam 1st 5s '51.. 100 99% 99%
NY Steam 5s’56 _ 100 99% 100
NY Steam 1st 6s'47.. 103% 103 103%
NY Tel gen 4%s'3 9._ 107% 107% 107%
NY Tr Rk 6s ’46 stp.. 90 90 90
NYW&B4%s'46 . 13 13 13
Niag Falls P 3%s'66. 103 103 103
NlagSli 5%s’50 ._ 101% 101% 101%
Norf & W 1st 4s’96_116% 116% 116%
North Am Co 5s '61_103% 103% 103%
North Am Ed 5s’57 A 103 103 103
North Am Ed 5s'69 C 102% 102% 102%
North Am Ed 5%s'63 103% 103% 103%
Nor’n Pae gen 3s 2047 74% 74% 74
Nor’n Pac 4s '97_105% 104% 104%
'Nor’n Pac 4%s 2047.. 98 98 98
Nor’n Pac es 2047_111% 111% 111%
Ogden EC 4s 48 . 21% 21% 21%
Ohio Edison 3%s’72. 99% 99% 99%
Ohio Edison 4s 65 __ 105% 105% 105%
Ohio Pub Svc 7s’47.. 110% 110% 110%
Oreg RR&N 4s '46_112% 112% 112%
Otis Steel 4%s '62_ 91% 91% 91%
Oreg W RR 4s 61_ 107 107 107
Pac Oas&El 3%s'66 98% 98% 98%
Pac G & E 3 % s '61_ 103 102s, 102%
Pac G & E4s 64 ... 107 107 107
Pac T&T 3%s ’66 C . 101 101 101
Para Broad way 3s '55 67 67 67
Param’t Pic 3 % s’47 . 89% 89 89
Paramount Pic 6s '5S 100 100 100
Penn Co 4s’63 .. 102% 102% 102%
Penn O & D 4%s’77.. 106s* 106s* 106%
Penn P&L 4%s ’81._ 101 100% 100%
Penn RR3%swt ... 107% 106s* 106%
Penn RR 3%s’70 C._. 99% 99% 99%
Penn RR con 4s'48 . 112% 112% 112%
Penn RR con 4%s ’60. 119% 119% 119'*
Penn RR 4%s'81 D._ 107s, 107", 107%
Penn RR 4 Vi s 84 .. 107s, 107% 107%
Penn RR gn 4%s '65 111% 111'/, 111%
Penn RR deh 4%s ’70 102% 1021* 102%
Penn RR gen 5s'68 . 118 118 118
People G L&C 6s'43 119 119 119
Peoria & E 1 st 4s '40. 90% 90 90%
Pere Marq 1st 4s '56 _. 92% 92% 92%
Pere Marq 4 %s'80 .. 93% 93% 93%
Pere Marq 1st 5s'56 102% 102% 102%
Phelps D 3%s'52 w 1. 108% 108% 108%
Phila Co 5s f,7 _ 95% 94 95
Phila B&W 4s’43 ... 110s, 110% 110s;
Phila B&W 4%s'81 _ 112s, 112s, 112%
Phila B&W on 5s’74.. 121% 121% 121%
Phila Elec 3 %s'67 _. 102% 102s, 102%
Phila & R C&i 5s'73.. 26 25 25
Phila & R C&l 6s'49.. 11 10% 10-%
Philippine Ry 4s '37.. 23 20% 22%
PCC&St L 4%s’40 A. 109% 109% 109%
PCC&St L 5s'70 A .. 117% 117% 117%
Port Gen El 4 %s ’60 .. 57 55% 56%
Porto Rico A T 6s '42. 77 77 77
Postal Tel & C 5s’63 24 23% 23%
Potomac El P 3V4* '66 102% 102 102
Pure Oil 4'4s '50 ww 111% 110% 110%
Pure Oil 4 % s '50 drw 108% 108'* 108%
Pure Oil 4V4s'50xw„ 1054r 105-Jr 105^
Purity Baking 5s '48. 98% 98% 98%
R-K-O 6s’41_ 107 107 107
I Reading Jer C 4n'51.. 941 ■> 94 94
Reading R 4 ’As ’97 A 106', 1064 106'»
Rem-Rand 4 4s’56ww 1074 107 107
Republic Stl 4Hs’50 150 149 150
Republic Stl 44s’56. 964 96 96
Republic Stl 4’is'61. 95 944 944
Republic Stl liUs ’54 1154 1154 1154
R G W 1st ex in 4s ’39 76 76 76
Rio G W col 4s'49 A 374 374 374
Saguenay Pw 4 4 s'66 101 100', 101
St L-S Fran 4 Hs’78 224 22 22
St L-S F 4 4s’78 cf st 194 194 194
St L-S Fran 5s ’50 B.. 23 4 23 23
St L S W 1st 4s ’89 . 82 82 82
StLS Wgnrf 5s’90. 37 364 364
San A & A Pass 4s'43 102 1014 102
San Diego CG&E4s’65 1084 1084 1084
Scioto Val&NE 4s'89_ 1134 1134 1134
Seabd A L 4s ’50 stp— 244 244 244
Seabd A L ref 4s’59 _ 124 124 124
Seabd A L rf 4s'59 cfs 124 114 114
Seabd A L 6s’45 A _ 154 154 154
Seabd A L 6s'4 5 ctfs. 144 144 14*1
Seabd A-Fl 6s’35 A ct 74 74 74
Sharon Stl cv 44s'61 1074 1074 1074
Shell Un deb 34s’51. 984 984 984
Skelly Oil 4s ’51.. 99 99 99
Socony Vav 3 4s’50 ._ 1064 105 105
South Bell T&T 5s '41 105A 105s\ 105&
Southn Cal Gas 4s '65 105 105 105
Southn Cal G 4 4s ’61 1064 1064 1064
So Colo Pwr 6s 47 A. 106 1054 106
South Nat G 44s'51. 994 99 99
So Pac 3%s '46 _ 994 994 994
So Pac col 4s'49_ 95 944 944
So Pac ref 4s’55_1054 1054 1054
So Pac 44s'68- 884 88 884
So Pac 4'/2s 69- 88 874 88
So Pac 44s 81 _ 884 86 86
So Pac (Cal) 5s '37 _ 1014 1014 1014
So Pac Oreg 44s'77.. 954 944 954
So Ry gen 4s'56 A_ 764 764 764
So Ry gen 6s 56- 954 « 954 954
So Ry 64s '66 . 100 994 994
S W Bell Tel 34s ’64- 1054 105 105
Staley A E 4s 46 _1044 1044 1044
Stand Oil N J 3s ’61 .. 974 974 974
Studebaker cv 6s'45.. 1074 103 104
Swift & Co 3 4a '50 107 1064 1064
Tenn C&C 6s ’44 B_10.3% 10.3% 103%
Tenn El Pw 6s 47 A_. 87 87 87
Term As St L 4s '5.3 _ 109 108% 109
Term A St L 4%s'30. 107 107 107
Texas Corp 3%s'51 . 103% 103% 103%
Texas & Pac Es'77 B. 104% 104% 104%
Texas & Pac 5s '79 C. 10.3% 103 103
Texas & Pac 5s'80 D 10.3% 103 10.3
Tex & P MPT 5%s '64 109 109 109
Third Av ref 4s '60_ 48% 48 48
Third Av 1st 5s'37_ 90 90 90
Third A ad in ex 5s'66 20% 20 20
Tide Wat Oil 3%s’52_ 100% 100% 100%
Tri-Conti Corp 5s'53. 115 115 115
Un Oil of Cal 3%s '52 109% 109'% 109%
Union Pac 3 %s'70— 96% 96% 96%
Union Pac 3%s'71_96% 96 96%
Union Pac 1st 4s '47 .. 113% 113% 113%
Un Pac 1st rf 4s 2008. 107% 106% 107%
United Drug 5s'53_ 97 97 97
U S Rubber 5s'47_107% 107 107%
Utah L & T 5s'44 A__ 98% 98% 98%
Utah P & D 5s '44_100% 100 100%
Util P & L Es'59 ww_. 49% 49 49%
Util P&L5%s'47_ 50% 50 50%
Vanadium cv 5s *41... 101% 101% 101%
V C&P 1st 4%s’34 ast. 3% 3% 3%
Va E& P 1st rf 4s '55 108% 108% 108%
Va Rv 1st 3%s '66 A.. 104% 104% 104%
Va S W 1st 5s 2003... 104% 104% 104%
Va S W con 5s '58- 96% 95% 95%
Wabash 1st 5s'39_ 92 91% 91%
Wabash 2d 5s'39_ 80 80 80
Wabash 5%s 75_ 31 31 31
Walker H&S 4%s'45. 105 104% 105
Walworth 4s '55 78% 77% 78%
Warner Bros cv 6s'39 94% 94% 94%
Warner-Quin 6s'39 . 49 47% 48
Wash W P 1st 5s '39.. 106% 106% 106%
Westchester L. 5s'50. 118% 118% 118%
W Sh 1st 4s 2061 gtd. 92 91% 91%
West’n Md 1st 4s '52. 103% 103% 103%
Westn Pac 5s'46 A... 81% 30% 30%
West’n Pac 5s’46 A as 31 30% 30%
West'n Un 4%s'E0... 99% 99% 99%
Westn Un 6s '51_ 99% 99% 99%
West’n Un 5s'60- 99% 99% 99%
Wheel Steel 4%e'E3.. 99 98% 99
W Sp Stl con 7s 35 et 34% 34% 34%
Wilkes B&E 1st 5s'42 16% 16% 16%
Y’ngstn S&T 3 %s ‘51. 126% 126% 126%
r&gstn S&T 4s -61_101 t 100% 100%
EFFECTS OF STEEL
STRIKE MODERATE
Some Division of Orders In
dicated—Ingot Rate
Down Slightly.
By the Associated Press.
NEW YORK. June 16—Strikes
affecting four major independent steel
companies are having a ‘'minimum” of
influence on steel markets, Iron Age
said today in its weekly review of the
industry.
“New business in Pittsburgh and at
one or two other points was slightly
larger in the last week than in the
week before,” the trade Journal (aid,
“indicating some diversion of orders
from strike-affected companies not in
volved, but the small amount of such
switching indicates the majority of
steel users are well supplied for the
time being.
“Production of steel ingots is slightly
lower this week, according to our esti
mate—77 per cent against 78 per cent
last week—this being partly due to re
duced output at Johnstown, Pa., and
in the Youngstown area, and in the
South. In the Chicago district, where
the Inland plant is closed tight, the
average rate is up 1 point to 64 per
cent because of increased output by
Republic and Carnegie-Illinois.
“One of the mo6t serious results of
the strikes as affecting consumers is
the loss of tin plate production, which
totals about 30,000 tons a month, or
approximately 17 per cent of the aver
age monthly output in 1936. Owing
to the close proximity of the packing
season, this tonnage cannot be made
up this year.
“There is an ample supply of cans
for early crops, but, should the strikes
last for some weeks longer, there
might be shortage of tin plate for late
season crops.
“Steel scrap continues to reflect
strike conditions, with further declines
of 50 cents a ton at Pittsburgh and
Philadelphia, but no change at Chicago.
The Iron Age scrap composite price
is at a new low for the year at $17 08."
Washington Produce
BUTTER—02 score. 1-pound prints. 35:
«-pound prints. 30; tub. 34: 00 score. 1
pound prints. 34; *4-pound prints. 35:
tub. 33: market strong
MEATS—Choice beef. 10; calves 15al6
veal. 10; Spring lamb. 25: Winter iamb! 1
-3* pork loin. 20: frozen pork. 22: fresh
ham. 23: smoked ham. 25: sliced bacon.
30a,13: slab bacon. 28: compound. 13*,a;
lard. 14%.
STOCK—Pigs. 030*2: light hogs.
lOalO'-a: mediums. 10*2al<)3;: 220-250
pounds. 10al()*2: heavies f«1 a a 10: sows,
8a0 stags. 6a1: calves. 6a8*2.
Prices paid shippers, net. f. o b. Wash- i
ington. By the United States Bureau of
Agricultural Economics
EGGS—Market steady; prices *2 cent
higher on U. S Government graded ex
tras large. Current receipts. I8al0:
hennery whites. 10Vaa20: a few at 20*a.
Government graded and dated white eggs.
U S extras, large 25 U. S extras me
diums 20 U. S standards, large. 20*fe.
LIVE POULTRY—Market about steady;
prices unchanged. Fowl colored heaw.
1Hr17: Leghorns. 14al5; roosters. JO
Chickens, crosses. 21 a22: Rocks Virginia
22a23; Delaware. 21a22: Leghorns. 2
pounds 18; less th^n 2 pounds 10 Tur
keys. old hens. iOal7: old toms, I3al4.
Fruits and Vegetables.
Sales in large lots by original receivers
up to 8 a.m. todav:
APPLES—No carlot arrivals: no cars on
track. Supplies light- demand light: mar
ket steady Maryland Pennsylvania. Vir
ginia and West Virginia, bushel baskets.
U. S. No. ]■ Winesaps. 2*4-inch mini
mum. 1.75-1.85: 2*'a-inch minimum. 2.25
i 2.35: 234-inch minimum. ‘>.40-2 50; U. S.
utility. 1.50-1.75. as to size; Pippins. 2*4
inch minimum. 1.50-1.05: 2’^-inch mini
mum. 2.10-2.25: 234-inch minimum. 2.25
2.50: U. 8. utility. 1.35-1.75. as to size;
scalded. 1.00-1.50 Romes. 2^4-inch mini
mum. 1.50-1.60: 2*a-inch minimum. 2.00
2.25: 234-lnch minimum. 2.25-2.50:
scalded. 1.00-1.50. as to size- Ben Davis.
2 * 4-inch minimum. 1.25-1.35; 2*?-inch
minimum. 1.50-1 00: 2‘*4-inch minimum.
1.50- 1.05: scalded 75-1.on. Cartons:
Ftncy. Staymans 144s. 2.50-2.60; 112s.
2.65-2.75: Winesaps. 144s. 2.50: 160s.
2.40-2.50: 112s. 2.65-2.75: Pippins. U S
No. l. 160s. 2.25: 112s. 2.35-2.50; Deli
cious. fancy. 113s. 2 50-2315 100s. 2.65
2.15; scalded or wasty 1.50-2.00. Bushel
boxes: Fancy. Winesaps lo3s and 175s.
2.35-2 50: 138s. 2.50 125s. 2.05: 113s.
2.75: Romes. 125s. 2.35: 1 13s. 2.50: 100s.
2.50- 2.05: scalded or wasty. 1.50-2.00.
ASPARAGUS—Truck receipts moderate:
supplies moderate: demand h-.;ht. market
: steady New Jersev. pyramid crates, dozen
bunches- Extra colossal. 2.O0-2.25: colos
sal. 1.75-2.00; extra lancy 1.50-1 75.
CABBAGE—Truck receipts moderate:
supplies moderate: demand light; market
steadv. Bushel hampers, pointed type:
Maryland 50-05- nearby sections. 40-50.
CANTALOUPES—Three California ar
rived: seven broken and one unbroken
cars on track. Mixed melons—One Cali
fornia arrived: one broken car on track
Supplies moderate: demand light, market
weak. California. Salmon meats, jumbos.
36s. 3.25-3 50: 45s. 3.75-4.00: 27s. 3.00
3.25; jumbo flats Os. 1.15-1.25; 11s and
12s. 1.35.
CELERY—One Florida arrived: two
broken and one unbroken cars on track.
Supplies light: demand light; market
slightly stronger. New’ York. *& crates.
4-8 dozen. 4.50-5.00; California, Va
crates. 4.50-5.00
LETTUCE—One California, one Wash
ington arrived: nine broken and three un
broken cars on track. Supplies moderate;
demand light; market, weak. California.
Western crates. Iceberg type, 5-dozen.
3.00-3.60.
ONIONS—No carlot arrivals: no cars on
track. Supplies moderate, demand light:
market about steady. Texas. 50-pound
sacks Yellow Bermudas. U. S. commercial.
1.25-1.35; fair condition. 1.15.
PEAS—No carlot arrivals: three broken
cars on track Truck receipts light; sup
plies moderate: demand light: market
steady. California bushel hampers Tele
phones. 2.00-2.25: New York, fair quality,
bushel baskets. 1.00-1.25: Virginia, bushel
hampers, fair quality. 75.
PEACHES—No carlot arrivals: no cars
on track. Truck receipts light: supplies
light: demand light: market steady. South
Carolina, bushel baskets. Red Birds. U. S.
No. 1. 2,/9-inch minimum. 3.00-3.50: Alex
anders. 2*4 to 2Vfe inches. 1.75-2.25: Early
Rose. U. S. No. 1. l34-inch minimum. 1.26;
2-inch minimum. 1.60: 2*.4-inch minimum.
1.15: Va-bushel baskets. Red Birds. U. S.
No. 1. 2*/4-inch minimum. 1.25-1.76.
Potato Prices Weak.
POTATOES—No carlot arrivals; one
broken and one unbroken cars on track.
Truck receipts liberal; supplies liberal; de
mand slow: market weak. North Carolina,
cobblers. U. S. No. 1. stave barrels. 2.15
2.25: 100-pound sacks. 1.25-1.35.
TOMATOES—Five Mississippi arrived1
two broken and nine unbroken cars on
track. Supplies liberal: demand light!
market steady. Georgia. Mississippi. Ten
nessee and Texas, lug boxes, green, ripes
and turning, wrapped. 6x(i and larger.
2.00a2.25: poorer lower.
WATERMELONS—One Florida arrived1
one broken and one unbroken cars on
track. Supplies moderate; demand light;
market steady. Florida Tom Watsons.
30-32 pounds average. 90-1.00; 24 pounds,
average. 40-50 each.
SNAP BEANS—Truck receipts moderate:
supplies moderate: demand light: market
steady. North Carolina bushel hampers,
green, flat type. “5-1.00; round stringless.
1.25- 1.50.
LIMA BEANS—Supplies light: demand
light: market steady. South Carolina and
Georgia, bushel hampers, fair condition.
2.50-3.00.
CUCUMBERS—Supplies moderate; de
mand light: market steady. South Caro
lina. bushel baskets. 1.50-2.25. according
to condition.
CORN—One Alabama arrived: two
broken and one unbroken cars on track.
Supplies moderate; demand light; market
weak. Alabama and Florida, standard
crates. 2.00-2.25.
PEPPERS—Supplies moderate; demand
light; market steady. Florida, bushel
hampers, green. 1.25-2.00.
EGGPLANT—Supplies fght; demand
light; market steady. Florida, l'^-bushel
crates. 1.50-1.75: bushels. 1.00-1.25.
OKRA—Practically no supplies on the
market.
BLACKBERRIES—Truck receipts mod
erate: supplies light: demand light: market
steady North Carolina. 32-quart crates,
2.25- 2.60: few higher.
SPINACH—Truck receipts moderate; sup
plies moderate; demand light: market weak.
Pennsylvania, bushel baskets. 50-75.
ORANGES—One California arrived; three
broken and four unbroken cars on track.
California, boxes. No. 1, 4 00-6.00; No. 2,
3.76-4.50, as to size.
LEMONS—California, boxes, No. 1, 7.50
8.00: No. 2. 6.50-7.00. as to size.
PINEAPPLES—Cuba, crates. 3.00-3.50.
BLUEBERRIES—North Carolina, culti
vated pints. 25-35: Louisiana, pints. 12ta:
Florida, quarts, fair quality. 20-25 per
quart.
CAULIFLOWER—No carlot arrivals: one
broken car on track. California, crates,
2.00.
BROCCOLI—Pennsylvania, crates, 1.75
2.00.
BEETS—Pennsylvania, 25 per dozen
bunches.
RHUBARB—North Carolina. 25 per doz
en bunches.
CARROTS—One California arrived: one
broken and one unbroken ears on track.
BANANAS—No carlot arrivals: one
broken car on track.
DEWBERRIES—One express North Caro
lina arrived.
J
Steel Scrap Sags
50 Cents a Ton
Due to Strikes
By the Associated Press.
NEW YORK, June 16.—Dow Jones
<5t Co. said in a Pittsburgh dispatch
today that, as a reflection of current
steel strikes, No. 1 heavy melting
steel scrap has dropped about 50 cents
a ton to around $18 to $18.50 a ton.
Other grades have been affected in
the same proportion and trade circles
believe that if steel tie-ups continue
there will be a further drop in prices,
the dispatch says.
Steel scrap is down about $5 a ton
from the top of the recovery move
ment.
U. S. Steel Employs 594
Graduates of 91 Colleges
and Universities.
By the Associated Press.
NEW YORK, June 16 —Evidence of
industry’s need for trained men
brightened the employment horizon
today.
The $2,000,000,000 United States
Steel Corp„ producer of about 40 per
cent of the Nation's steel, announced
today it had given 594 college and uni
versity graduates from 91 institutions
jobs in subsidiary companies.
So intent was the corporation in
combing over the field for talent, it
sent out scouting committees. These
groups, representing engineering, op
erating and sales departments of the
steel company’s subsidiaries, spent the
first five months of the year canvass
ing colleges in the 48 States.
Yardsticks of student ability as fu
ture industrialists were "scholarship
record, student activities, practical ex
perience during Summer vacations
and percentage of college expenses
earned during terms, either through
scholarships or jobs,” the announce
ment said.
"The initiation of this program,” it
added, "does not mean that all im
portant positions which may become
available in the future will be filled
by college men.”
This comment recalled to observers
of the steel industry some of its work
ers who have risen to prominence from
the ranks.
Kingpin of the industry in its fledg
ling days was the late Andrew Car
negie. To his mother, who took in
washing, he gave his $1.20 a week
wage in the days when he was a bob
bin boy. Climax of his industrial ca
reer was the sale of his plant to a
group headed by the late J. P. Mor
gan. The price was said to have been
$492,000,000.
His right-hand man in the early
days was Charles M. Schwab, one-time
Pennsylvania stage driver, who went
to work in Carnegie’s steel plant for
$1 a day and rose to become chairman
of the board of Bethlehem Corp. His
salary last year was $200,000.
Another big steel man, old style, is
James A. Farrell, who started as a
laborer in the industry at the age of
16 and landed in the president’s chair
of United States Steel Corp., a job
he held from 1911 to 1932. His salary
at the peak of his career is said to
have exceeded $150,000 a year and .in
addition he received a bonk of un
disclosed amount.
-•
BOSTON WOOL MARKET.
BOSTON. June 16 (.Pi (United States
Department of Agriculture'.—Scattered
sales of small to moderate volume were
closed today on the Beaton wool market
Prices were steady to firm, though wools
were not taken freely
Good 12-month Texas wool was sold at
Po-tnt cents scoured basis. Some purchases
were reported in the country on orders
from buyers and the costs delivered to buy
ers in the East were figured slightly be
low current quotations on spot wools in
Boston.
Delivery of contracted Western wools
sold some time ago continued to fill a large
part of the needs of users of these wools
-•
PHILADELPHIA PRODUCE.
PHILADELPHIA. June 16 —Live
poultry, fowls White Leghorns, average
13-15; cross-breds. 17-21; Reds, broilers.
16-lft; ducks, white Pekin, young. 13-14;
turkeys, fancy, hens. 17-10.
Dressed poultry unchanged.
MORTGAGE LOANS
ON
Centrally Located
BUSINESS PROPERTY
very attractive
interest rates
ROBERT PEDDICORD
1713 K St. N.W.
DISTRICT 0010
Office Hours, 9-12
I -- - . ..— -
REFINANCE
Your
MORTCACE
AT 5% INTEREST
ONE LONG - TERM LOAN
carries you through to
the day when you own your
home free and clear. The
loan may run for as long as
20 years, at 5% interest...
with repayments to suit
your budget—monthly, like
rent, if you prefer. Thou
sands endorse our Mort
gage Loan Plans. Ask us to
give you full information.
WEAVER
BROS me
REALTORS
Mirtgagt Loan Crmtpmdtnt
Mttrtprlitan Lift Imuran ci Crmfanj
WASHINGTON BUILDING
DISTRICT 9416
Best Sales and Profits
Since 1929 Forecast by
Fenner & Beane.
Special Dispatch to Th« Star.
NEW YORK. June 16—Estimated
1937 farm income of $9,500,000,000,
coupled with the trend toward mech
anization of American agriculture,
points to the largest sales and profits
for the farm equipment industry since
1929, according to a special survey of
the agricultural machinery industry
issued by Fenner & Beane, New York
Stock Exchange firm.
Farm equipment sales this year may
reach $566,000,000, up 27 per cent over
1936 and almost equal to sales of
$571,000,000 in 1929. Of this the Fen
ner & Beane study estimates that
$500,000,000 may represent domestic
sales, while $66,000,000 may come from
the export market, which has been
showing considerable improvement
this year; exports of farm machinery,
normally an important factor to most
implement companies, were 63 per cent
greater in the first quarter this year
than a year ago, the report states.
Two Factors Favorable.
"Both political and economic factors
continue to promise a very favorable
outlook for agricultural purchasing
power, major determinant in the de
mand for farm equipment,” according
to the analysis.
"The impetus of crop control sup
plied by the invalidated A. A. A. pro
gram together with crop losses caused
by the droughts of 1934 and 1936 has
brought the composite price of all farm
products to within 14 per cent of 1926
levels and helped re-establish a virtual
parity between prices for agricultural
and industrial commodities; the ratio
between prices paid and prices received
by the farmer increased to 98 in the
first quarter of 1937 from 92 in 1936
and 61 in 1932.
"In addition, Government cash pay
ments in the form of benefit and soil
conservation payments which have
totaled $1,590,000,000 over the four
years 1933-36, equal to about 6 per
cent of total cash farm Income, are
expected to hold to the same propor
tion in 1937.
Farm Income Jumps.
‘•It now appears likely that farm
income in 1937 will closely approach
1929 levels. Farm receipts from cash
marketings, reflecting higher crop and
live stock prices this year, totaled $1,
700,000.000 in the first quarter, a gain
of 15 per cent over the first three
months of 1936. Government pay
ments during this period brought the
figure for net farm income to $1,900,
000.000 in the first quarter, a gain of
26 per cent over the first three months
We Have a Few
6%
First Mortgage Notes
Available
For Further Information Consult
[Shannon & luchS]
1505 H St. N.W. Natl. 2345
5% INTEREST
CONSTRUCTION LOANS
AND
STRAIGHT 3-yr. LOANS
Prompt Action on Applications
Real Estate Mortgage
& Guaranty Corporation
1610 K St. N.W. NAtl. 1403
FIRST TRUST LOANS
LONG TERM
5%
$6.60 per month per $1,000
includes interest and pay
ment on principal. Pays loan
in 20 years. No renewal.
ALSO
3-year straight loans and
construction loans.
BOSS & PHELPS MORTGAGE CO.
Loan Correspondent
John Hancock Mutual Life Ins. Co.
1417 K St. N.W. NA. 9300
Syndicate Offers
Debentures for
Commercial Credit
By the Associated Press.
NEW YORK, June 16.—A new issuo
of $35,000,000 in 2% per cent deben
tures of the Commercial Credit Co.
was offered today at 9978 and interest
by a syndicate headed by Kidder, Pea
body & Co. and the First Boston Corp.
The offering was the second for the
company within the last 10 months,
$30,000,000 in debentures having been
marketed last Fall.
Proceeds from the newest financing,
like that of the first, will be used as
new capital to purchase receivables.
The issue Is dated June 15, 1937, and
due June 15, 1942.
-»
RUBBER FUTURES.
NEW YORK, June 16 UP).—Crude rub
ber futures opened steady, unchanged to
26 higher July. ]ft.46-60; September,
19.48-50: December. 19.54-58.
of 1936. Taking all factors into con
sideration, farm income for 1937 will
probably total around $9,500,000,000,
to compare with $10,500,000,000 in
1929," the report believes.
Furthermore, the study points out,
many administration policies have
fostered a higher "real" farm income
by cutting expenses and thereby ieav
ing a larger margin of income for
the purchase of equipment. Lower
debt and tax charges, for example,
have reduced the farmer’s combined
annual interest and tax bill to an
estimated 10.5 per cent of income in
1936 from 12.3 per cent in 1929. and
contributed to a cut in farm produc
tion expenses to an estimated 47 per
cent of net farm income in 1936 from
67.2 per cent in 1932 and 52.8 per cent
in 1929, according to Department of
Agriculture estimates.
I ____
Safe
Investments
_ First mortgage notes,
ELQ/ we** ,eeur*d on con
/Q servatively appraised,
\M ' ^ new buildings in
Washington and near
by Maryland. Denominations of
$500 up. Interest 6% per annum.
Bradley, Beall & Howard, Inc.
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Established Nearly SO Tears
mm
Whether the job be x. ,
large or smoll, consult N.
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\ NATIONAL CAPITAL
\ PRESS /
4 .. -OfeO y
Competent Advice on
INSURANCE
Why worry about insurance
matters? Let us outline a pro
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J. Blaise de Sibour
and Company
INSURANCE BROKERS
1700 Eye St. N.W. NAtl. 4673
First
Mortgage
Money
For
CONSTRUCTION
LOANS
and
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia
Nearby Maryland
and Virginia
Prompt Action
B. F. SAUL CO.
925 15tb Street Natl 2100
REAL ESTATE
LOANS
on Improved Property
Monthly Payment Loans
or
Straight Three Year Loans
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INTEREST
Consult Real Estate Department
AMERICAN SECURITY
AND TRUST COMPANY
Main Office: fifteenth st. «c Pennsylvania ave.
Branch Offices
7th and Mass. Ave., N. W. Seventh and E St., S W.
Eighth and H Sts., N. E. 1140 Fifteenth St., N. W.
Member Federal Deposit Insurance Corporation
Member Federal Reserve System

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Evening star. [volume], June 16, 1937, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972