Evening star. [volume] (Washington, D.C.) 1854-1972, July 08, 1940, Image 13

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Evening star. [volume], July 08, 1940, Page A-13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 08 July 1940. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1940-07-08/ed-1/seq-13/>

Newspaper Page Text

Rail Issues Score
Fresh Advances on
Bond Market
Gains Range as High
As 4 Points; Most
Corporates Higher
Bond Averages
20 10 10 10
Ralls. Indust. Util. T in.
Net change, -f.2 unc. +.1 +.3
Today, close 56.2 102.5 95.4 37.2
Prev.dav.__ 56.0 102.5 95.3 36.9
Month ago. 48.5 £9.1 91.6 35.8
Year ago... 55.8 100.1 96.2 61.1
1940 high.. 59.9 103.6 97.5 53.5
1940 low... 48.3 98.9 90.3 35.1
1939 high.. 64.9 102.0 97.5 64.0
1939 low... 53.4 95.8 90.4 41.7
10 Low-Yield Bonds.
Glose_111.4 Prev. day. 111.4
M'nth ago 109.0. Year ago. 112.4
1940 high 113.5 1940 low 108.4
1939 high 112.6 1939 low 1036
(Complied by the Associated Press.) -
By the Associated Press.
NEW YORK. July 8.—Rail loans
Infused life into the bond market
today by continuing their upward
run for fresh gains amounting to as
much as 4 points.
Corporates generally ruled a little j
higher near the final hour.
Buying in rails was a carryover .
from last week’s brisk run-up, stim- J
ulated in large part by expanding \
freight movement.
More than $500,000 of Republic 1
Steel 4’is changed hands at frac- j
tional advances. Brokers felt the
heavy turnover represented a deal
by an institutional investor.
Gains and losses of around '»
point were evenly balanced among
United States Governments. For
eign dollar loans were neglected as
the market tried to keep up with
foreign developments.
Domestic gainers included Mis
aouri-Kansas-Texas 5s of ’62. Bal
timore & Ohio stamped convertibles,
Western Michigan 5>2s, Southern
Pacific 4!2s of '68 and Nickel Plate
4'2s. v
New York Bank Stocks
Gain During Week
Special Dispatch to The Star.
NEW YORK. July 8 —Rise in New
York city bank stocks continued
during the last week, according to
records compiled by Holt, Rose &
Troster.
The aggeregate market value of
16 leading issues at the close on
Friday. July 5 w;as $1,354,794,000
compared writh $1,341,414,000 at the
close of the previous week, an in
crease of $13,380,000 or 1 per cent.
The current average yield of the
16 issues is 4.77 per cent compared
with a yield of 4.82 per cent on
June 28. The current market value
equals 96 per cent of the knowm
book value against 95 per cent at
the close of the previous week.
Investing Companies
NEW YORK. July 8 t/pi.—National Asso
tiation Securities Dealers. Inc.:
tClosin* Quotations )
Sid. Asked.
Admin Fd 2nd Inc _ 9.71 10.33 [
Aeronaut Sec _ 7.99 8.68 i
Affiliated F Inc_ 2.29 2.51 !
•Amerex Hold_ 14 625 16 125
Am Bus Shrs _ 2 66 2.94
Am For Inv _ 5.73 6.33
Am Gen Eq Inc _____ .24 .28
Am Ins Stocks 3.00 3.50
•Bankers Nat Inv Corp A 5.00 6.00
Basic Industry 3.15
•Blair Co __ _ .875 1.625
Boston Fund Inc_ 17.92 13.89
Broad St Inv _ 19.37 20.94
Bullock Fund _ 11.25 12.125
Can Inv Fund _ 2.30 3.10
Chemical Fund _ 9.03 0.77
Comwlth Invest _ 2.98 3.24 !
•Continental Sh pf _ 7.75 6.75
Corporate Trust _ 2.02
Corporate Trust A A _ 2.00
Corp Tr Accum _ 2.00 _
Corp Tr A A mod _ 2.35
Corp Tr Acc Mod _ 2.35
Cumulative Tr Sh _ 4.09
Depos Bk Sh N Y A"_ 1.30 _
Depos Ins Shrs "A" __ 2 49
Diversified Tr C _ __ 3 10
Dividend Shrs 98 1 08
Eaton A How Fund "A-l" 15.71 16 87
Equity Corp S3 pf 20.75 21.25
Fidelity Fund Inc __ 15.07 16.16
•First Boston Corn_ 13.625 15.125
First Mutual Tr Fd_ 5.33 5.91
Fiscal Fund Bk Sh _ 2.13 2.37
Fiscal Fund In= _ 2.84 3.17
Fixed Trust Sh A _ 8.03
Found Tr Sh A _ 3.45 3 95
Fund Investors Inc_14.02 14.24
Fund Tr Shrs A _ 4,16 4.89
Fund Tr Shrs B_ 3 78
Gen Capital Corp _ _ 24.32 26 15
Gen Investors Tr _ 4.28 4.67
Groun Sec Agricultural _ 4 70 4 58
Group Sec Automobile_ 3.43 3.74
Group Sec Aviation __ 7.06 7.68
Group Sec Building _ 4.45 4.85 j
Group Sec Chemical _ 5.78 6.29
Group Sec Foods _ 3.75 4 09
Group Sec Invest Shrs _ 2.47 2.70
Group Sec Merchandising 4 44 4 84
Groun Sec Mining _ . 4.32 4.7!
Group Sec Petroleum _ _ 3.47 3.78
Group Sec RR Equip_ 3.11 3.40
Groun Sec Steel _ _ 4.57 4 98
Group Sec Tobacco __ _ 4.53 4 94
Incorp Investors _ __ 12.67 13 62
Independence Tr Sh _ 1.89 2 11
Instl Sec Bank Group _ 92 1 02 I
Instl Sec Insurance __ ill l 22
Investment Co Am _ 14 81 16 04
Investors Fd "C" Inc ___ 8.37 8 93
Keystone Custodn B 1 _ 25.50 °7 92
Keystone Custodn B 2 _ 19.57 21 47
Keystone Custodn B 3 __ 13.o) 14 "8
Keystone Custodn B 4 _ 6,18 6 80
Keystone Custodn K 1_13.4° 14 7"
Keystone Custodn K 7 7 66 8 48
Keystone Custodn S 2 10 85 11 97
Keystone Custodn S 3_ 7.36 8 16
Keystone Custodn S 4_ 2 95 3 3.1
Manhat Bond Fund _ 6 26 6 9"
Maryland Fund ._ 2 95 4 n> 1
iviaaa invest A * 16.9] 18 ]H
Mutual Invest _ 8.64 P 44
Nation Wide Sec _ 3.16
Nation Wide Voting_ ,9P 1 13
Natl Investors _ ft.00 s 3s
New England Fund _ P.P6 10 74
N Y Stocks Automobile_ 3.96 4 30
N Y Stocks Aviation _ 9.26 10.01
N Y Stocks Bk Stocks _ 1.53 8.15
N Y Stocks Bids Supply_ 4.45 4.83
N Y Stocks Chemical_ 1.67 8.30
N Y Stocks Elec Equip_ 6.37 6.90
N Y Stocks Insurance_ 8.55 P.25
N Y Stocks Machinery_ 6.78 7.34
N Y Stocks Oils _ 5.11 6.IP
N Y Stocks Railroad _ 2.41 2.61
N Y Stocks. RR Equip_ 4.95 5.37
N Y Stocks Steel 5.71 6.19
North Am Bond Tr Ctfs 44.25 __ _
Nor Am Tr Shares 1953 . 1.87 _
Nor Am Tr Sh 1955 ... 2.3P _
Nor Am Tr Sh 1956_ 2.34 _
Nor Am Tr Sh 1968_ 1.98 .
Plymouth Fund Inc_ .32 .37
Putnam (G) Fund _ 11.83 12 65
Quarterly Income Sh 6.15 7.0o
•Schoellkopf-Hut & Pom .25 1.00
Selected Am Sh Inc 7.23 7.88
Selected Income Sh 3.60
Sovereign Invest Co new . 5.33 5.90
Spencer Trask Fund_13.'H 13.80
Stand Util Inc _ .29 .35
Super of Am Tr A_ 3.04
Buper of Am Tr B_ 3.20 _
Super of Am Tr AA_ 2.14
Supervised Shrs __ 8.10 8.80
•Trustee Stand Inv C_ 2.08 2 18
•Trustee Stand Inv D_ 2.02 2.12
Trusteed Am Bk B _ .48 .53
Trusteed Industry Shrs_ .68 .17
Wellington Fund . . 12.12 13.35
Quotations furnished by National Asso
ciation of Securities Dealers. Inc., which
states they do not necessarily reflect actual
transactions or Arm bids or offers, but
ahould indicate approximate prices, and
unless otherwise Indicated, are as quoted
by the sponsors or Issuers.
•Asterick indicates, ' not quoted by spon
sors or Issuers."
New York Bank Stocks
NEW YORK. July s —National As
sociation Securities Dealers. Inc.'
Quotations as of 2 o’clock.)
Bk of Am NTS <SF> (2.40) 33Va A*35Vi
Bank of Man (,80a) __ _ 1414 16
Bank of N Y (14)_ 296 306
Bankers Tr ( 2) - 50*4 52*4
Bklyn Tr (4) _ ?o3/< 7544
Cen Han Bk A- Tr (4)_ 86*4 8R'j
Chase Nat (1.40) _ 30*4 32*4
Chem Bk A Tr (1.80)_ 44*4 4B'«
Commercial (8) 165 170
Cont Bk A Tr (.80)- 11 Vi 13
Corn Ex Bk A T (3)_ 49 in
Empire Tr (.60) _ 844 044
First Nat (Bosi (2)_ 41 43
First Natl (100) _1600 1040
Guaranty Tr (12)_ 269 074
Irvine Tr (.60) _ 10*4 'mu.
Manuf'ct'rs Tr (2)_ 3314 siy;
Manufrs Tr pf (2)_ 51*4 531?
Natl.City (U _ 24*4 or*
N Y Trust (5)_ 97 100
Public d‘4'_ 26 2714
Titla O A T- 3*4 4$
BONDS ON N. Y. STOCK EXCHANGE
By ortrate wire direct te The Star
Approximate Transactions Today.
Domestic Bonds_ 3,750 000
Foreign Bonds__ 640.000
U S Govt Bonds_, 60,000
TREASURY.
High Low Close
2s 1948-50 _ 103.29 103.29 103.29
2 % s 1951-53 _ 103.16 103.14 103.14
2%s 1960-52_ 105 15 105.15 105.15
2*ts 1956-59_ 106.15 106.12 106.12
2*48 1958-63 _ 106.10 106.fi 106.fi
2*4S 1960-66 ... 106.11 106.7 106.7
2%s 1955 60 107.13 107.13 107.13
2%s 1955-60 rg. 107.15 107.15 107.15
3s 1946-48 _ 110.22 110.22 110.22
3s 1951-55 _110.3 110.3 110.3
3%s 1944-46 109.16 109.16 109.16
3%s 1941-43 Mar 102.26 102.26 102.26
FEDERAL FARM MORTGAGE.
3*4s 1944-64 107.22 107.22 107.22
HOME OWNERS' LOAN
214® 194 2-44 103.24 103.24 103.24
3s 1944-52 107.6 107.6 107.6
NEW YORK CITY BONDS
3s 1980 95% 95% 95%
FOREIGN BONDS.
Hlxh. Low. Close.
Antwerp 5s 58 24 24 24
Argentine 4s 72 Feb .;9 59 59
Argentine 4s 72 Apr.. 59% 59 59%
Argentine 4 %s 48 _ 73 73 73
Argentine 4 %s 71_ 64% 64 64%
Australia 4 %s 66_ 40 40 40
Australia 5s 55 _ 45 45 45
Brazil 6 %s 1926-57 . 10% 10% 10%
Brazil 6%s 1927-57 .. 10% 10% 10%
Brisbane 5s 57 _ 40 40 40
Brisbane ns 58 _ 39 38# 39
Brisbane 6s 50 _ 44% 44% 44%
Buenos Aires 3s 84 36% 36 36%
Buenos Aires 4 8*s 77 46% 45% 46%
Buen Air 4 %s Aug 76 45% 45 45%
Buen Air 4 %s Apr 76 46% 45% 46%
Canaria 2 %s 45 _ 81 81 81
Canada 3s 67 _ 70% 70 70%
Canaria 3s 68 _ 70% 70 70%
Canada 3%s61_ 73 72% 73
Canada 4s 60 __ 79 78 78%
Canada 5s 62 . 88 87% 88
Chile 6s 61 Jan assd 11 10% 10%
Chile 6s 61 Feb assd 10% 10% 10%
Chilean Mun L 7s 60 14 14 14
Colombia 6s 61 Jan . 20% 20% 20%
Colombia 6s 61 Oct .. 21 21 21
Col Mtg Bit 7s 46 — 20% 20% 20%
Cordoba Prov 7s 42 _ 70 70 70
Costa r.ica 7s 51_ 14% 14', 14%
Cuba 4 4*8 77 _ 53% 53% 53%
Cuba 5 %s ,53 _ 101 101 101
Denmark 4%s 62_ 25% 24% 25
Denmark 5%s 55_... 30 30 30
Denmark 6s 42 _ 31% 30’, 31
Ger Govt 5'%s 65__ 17% 17 17
German Govt 7s 49 .. 22 21% 21%
Hungary 4 V*s 79 ext- 21% 21% 21%
ttalv 7s 51 _ 45 44% 45
Ital P U Crd 7s 52_ 25 24% 25
Japan 5%s 65 _ 70 69% 69%
Japan 6%s 64 __ 86 86 86
Kars 6s 43 ct st prin 14 14 14
Milan 6 Vis 52 29% 29 29%
Minas Geraes 6%s 58 7%, 7 7%
Minas Geraes 6 Vis 59 6% 6% fi%
New So Wales 5s 57 _ 42%. 42% 42%
New So Wales 5s 58 . 40% 40% 40%
Panama 5%s 53 97 97 97
Pernambuco 7s 47_ 5% 5% 5%
Peru 2d 6s 61 ... 6% 6% 6%
Poland 4 %s 63 asd_ 4% 4% 4%
Poland 4%s 68 asd . 4% 4% 4%
Porto Alegre 7 V2 s 66 6% 6% 6s,
Prussia 6s 52 ... 15s, 15% 15s.
Rio de Ian 6%s 53 .. 6% 6% 6%
RiodeJan8s46 _ 7 7 7
Rio Gr do Sul 8s 46 _ 9 9 9
Rome 6%s 52 .. 32% 32% 32%
Sante Fe Prov 4s 64.. 60 58% 60
Sao Paulo C 6 Vis 67_ 7 7 7
Sao Paulo St 6s 68 ... 9% 8% 9%
Sao Paulo St 7s 40... 30 27s. 30
Sao Paulo St 7s 56_ 9 9 9
Sao Paulo St 8s 36... 17% 17% 17%
Sao Paulo St 8s 50 .. 9% 9 9s,
Shin su E P 6%s 52 . 64s. 64% 64%
Taiwan Elec 5%s 71. 55% 55% 55% j
Tokyo City 5%s 61 .. 60', 60% 60%'
Tokyo El Lt 6s 53 58% 58% 58%'
Uru 3 % -4-4 4 s ad.1 79 36% 36% 36%)
Uruguay 6s 60 45 45 45 j
DOMESTIC I0NDS
Abitibi P&P 5s 53 37%. 37 37%;
Alleg Corp 5s 44 _ 76s. 76% 76%
Alleg Corp 5s 49 .. 67V, 67% 67%
Alleg Corp 6s 50 std 37 37 37 j
Allis-Chalmers 4s 52 109% 109% 109%!
Am & For Pw 6s 2030 50 49s. 50 j
AmlGCh 5%s 49 102% 102% 102%
Am Inti 5Vis 49 _ 98 98 98
Am T & T 3V«s 61 ... 109s. 109% 109s, i
Am T& T 3'is 66 ... 108% 108% 108% 1
Am T & T 5%s 43 106% 106% 106%
Anaconda db 4 %s 50 104 103% 103% j
Ark & M B&T 5s 64 98% 98', 98%
Arm'rl Del) 1st 4s 55 102', 102 102%
A T&S Fe gen 4s 95 105% 105 105%
Atl Coast L 1st 4s 52 68 68 68
Atl Coast L clt 4s 52 60% 60 60%
Atl Coast L 4 %s 64 50% 50% 50%
Atlantic Refin 3s 53 . 105% 105% 105s,
Austin & N W 5s 41._ 94', 93 94%
B & O 1st 4s 48 _ 67% 67% 67%
B & O 1st 48s std _ 67% 67V, 67%
B & O cv 60s std .. 12% 12 12%,
B & O 95 A stamped . 28 27% 27s, ]
B & O 95 C stamped . 31% ,30% 31% i
B & O 96 F stamped . 28 28 28
B & O 2000 D stpd 28 27% 27%
B&OP1.E& WVa4s51s' 53% 53% 53%
B & O S W 50s std 44% 44% 44s,
Bell Tel of Pa 6s 48 B 116 116 116
Bell Tel (Pa) 5s 60 C 131 131 131
Beth Steel 3s 60 _100% 100 100
Beth Steel 3%a 59 ... 103% 103% 103%
Beth Steel 3 %s 62 .. 107% 106s. 106s,
Blaw-Knox 3 Vis 50 .. 95 95 95
Boston & Me 4%s 61 58% 57% 58
Bost&Me 4%s 61 std 51 50% 50%
Bos & Me 5s 55 61% 60V, 60%
Boston & Me 5s 55 st 50% 50 50%
Bos & Me 5s 67 59s. 59 59
Boston & Me 6s 67 st 50s. 49s, 50%
Bklyn Ed cn 3 Vis 66 109% 109', 109',
Bkl vn Un Gas 5s So 95% 95% 95%
Bklyn Un G rf 6s 47 113% 113% 113%
Buff G E 4 Vis 81 111% 111s, 111s,
Butt Koch & P 67 std 37% 36% 36%
v^a-ui uieg r wr^sow iuo’j urovj
Canadian NR 4%s 51 80 80 80
Can NR 41JS56 79 79 79
Can NR 4 Vis 55 81 81 81
Can NR 5s 69 July... 82% 81 82%
Can NR 5s 70 _ 81 81 81
Can Nor 6 %s 46 _ 92% 92% 92%
Can Pac db 4s perp... 45 43% 45
Can Pac 5s 44 ... 90% 90% 90%
Can Pac 5s 64 ... fill 60 60
Celotex 4 %s 47 ww__ 76% 76% 76%
Cent Foundry 5s 41.. 73 73 73
Cent Foundry 6s 41 . 97%. 97% 97%
Cent N Eng 4s 61 46 46 46
Cent N Y Pwr 3 Vis 62 109 109 109
Cent Pac 1st rf 4s 49 62 60% 62
Cent Pacific 6s 60 44% 44 44
Ches&Ohio 3%s 63 F 106% 106 106%
Ches & O 3 %s 96 D . 99% 98% 98%
Ches & O 3%s 96 E .. 99% 99% 99%
C & O gen 4 %s 92 . 122% 122% 122%
C & O R&A 1st 4s 89.. 115a, 115% 115%
Chi & Alton 3s 49 .. 13 13 13
Chi B&Q gen 4s 58 .. 87% 87% 87%
Chi B&Q 4%s 77 .. 77*4 77% 77%
C B & Q rfg 6s 71 A 83% 83% 83%
C B&Q 111 div 3%s 49 94% 94% 94%
CB&Q 111 div 4s 49 97% 97% 97%
Chi &E 111 6s 61 .. 13% 13% 13%
Chi Grt West 4s 59 .. 27% 27% 27%
Chi Mil & St P 5s 75 . 5% 5 5
CM&StP ad] 5s 2000 . 1% 1% 1%
Chi&NW 4%s 2037 C- 7% 7% 7%
Chi& NW cv 4Vis 49.. 2% 2 2
Chi & NW’ 4Vis 87 ... 12% 12% 12%
Chi&NW gen 5s 87.. 14% 14% 14%
Chi & NW rf 5s 2037.. 8% 8 8
Chi RI&Pcv 4%s60_. 1% 1% 1%
Chi RI&P 4%s 62 A— 5% 5% 5%
Chi TH&S rf 5s 60_ 50 50 50
Chi Un Sta 3%s 51 .. 105% 105% 105%
Chi & W Ind 4%s 62. 92 92 92
Childs & Co 5s 43 . 42% 42% 42%
Cin Un Term 3 Vis 69 107% 107% 107%
Cin Un Term 3%s 71. 108% 108% 108%
CCC&StL rf 4%s 77.. 51 50% 50%
CCC&StL 6s 93 B ... 72% 72% 72%
Clev El 111 3Vis 65 . 105% 105% 105%
Clev Short L 4 %s 61. 70% 70% 70%
Clev Un Ter 4%s 77.. 67 66% 67
Clev Un Term 6s 73.. 72% 72% 72%
Clev Un Ter 6%s 72.. 80% 80% 80%
Colo & So 4 %s 80 . 28% 28% 28%
Col G & E 5s 52 May 104 103% 104
Col G & E 6s 61 .. 104% 104% 104%
Colum RP&L 4s 65 . 108% 108% 108%
Comw Ed 3%s 68 122% 122% 122%
Cons Ed N Y 3'is 46 106% 106% 106%
Cons E NY db 3%s 48 107 107 107
Cons Ed N Y 3%s 56 106 106 106
Cons Ed N Y 3%s 68 107% 107% 107%
Consol Oil 3%s 51 105% 105% 105%
Consum Pwr 3%s 69 108 108 108
Consum Pwr 3%a70 110% 110% 110%
Conti Uil 2Vis 48 105% 10,% 105
Crown C&S 4%s 48 102 102 102
Crurihle Steel 4%s 48 105 105 105
Cuba RR 7%s 46 A .. 31 81 31
Dayton P & Ut la TO.. 106% 106% 106%
Hl«h. Low. Cloae.
Del A Hud ref 4s 48_ 524 62 624
Den A R G W 6s 55 24 24 24
Den A RGW 6s 65 *st 14 14 14
Den A RGW rf 6s 78 64 64 64
Det Edison 4 4s 61 1084 108 108
Duluth MA1R 3 4s 62 1074 1074 1074
Duluth SSAAt 6s 31 20 20 20
Duquesne Lt 3 4s 65 1084 1084 1084
Erls gen 4s 98_ 254 26 25
Erie ref 5s 67_ 124 114 12
Erie ref 6s 75 124 114 114
Fed LtATr 5s 42 .. 103 103 103
Fed Lt A Tr 5s 42 st 103 103 103
Fla EC Ry 44s 59 .. 50 50 50
Fla E C Ry 6s 74 ... 54 54 54
Gen Cable 54s 47 . 103 103 103
Gen Stl Cast 54s 49 70 694 694
Ga A Ala 6s 45 .. 12 12 12
Ga Caro A Nor 6s 34._ 134 134 134
Goodrich 4 4s 66 . 1024 1024 1024
Grt Nor Ry 34s 67.. 784 78 784
Grt Nor Ry 4s 46 O . 1024 1024 1024
Grt Nor Ry 4s 46 H . 954 95 95
Grt N Ry 44* 76 D 87 87 87
Grt N R gn 4 4» 77 E 874 864 864
Grt Nor Ry 6s 73 954 954 954
Grt Nor Ry 64s 52 . 102 1014 1014
Green Bay deb A _ 614 614 614
Green Bay A W dh B. 44 44 44
Gulf MAN 54s 50 764 764 764
Gulf States St 4 4s61 1024 1024 1024
Gulf St Util 34s 69 . 1094 1094 1094
Hudson Coal 5s 62 A. 304 304 304
Hud A Man Inc 6s 67. 114 114 114
Hud A Man ref 5s 67. 404 40 404
111 Cent ref 4s 65_ 45 444 444
111 Cent 44s 66 » .. 394 39 394
ICCAST NO 4 4s 63 .. 414 414 414
ICCAStl. NO 5s63 A 454 444 444
Inland Steel 3s 61 .. 1044 104 104
Int R T 1st rf 6s 66 . 80 80 80
Int RT 6s 32 . 324 324 324
Interlake Iron 4s 47 . 84 84 84
Int Grt Nor 1st 6s 52 94 94 94
Int Grt Nor adj 6s 52 . 1*. 14 14
Int Hvdro El 6s 44 .. 494 484 494
Int Paper 1st ns 47 __ 1024 102 1024
Int Paper ref 6s 55 .. 104 1034 103’,
Int Ry of C A 5s 72_ 74 74 74
Int TAT 4 4s 52 ... 27 264 264
Int TAT 5s 5a _ 294 28 284
Jones A L Stl 4 Us 61 964 964 964
K C FSAM rf 4s 36 ct 284 284 284
Kans City St rf 5s 50 624 624 624
Kan City Term 4s 60 1074 107 1074
Kings Co Lt 5s 54 ... 107 107 107
Koppers Co 4s 51 1044 1044 1044
Krespe Found 3s 50.. 1024 1024 1024
Laclede Gas 5s 42 .. 85 85 85
Laclede Gas 54s 53. 46 46 46
Lake SAM 3 4s 97 .. 87 87 87
L V RR 4s 2003 asd 124 124 124
L V RR 4 4s 2003 asd 134 134 134
L V Term 5s 41 assd. 464 464 464
Libby McNAL 4s 55.. 102 102 102
Liss A Myers 7s 44._ 1234 1234 1234
LoeWs 34s 46 . 102‘* 1024 1024
Lon# Star G 34s 53.. 1094 1094 1094
Lorillard5s51 _ 125 125 125
La A Ark 5s 69 ... 794 794 794
J4UU well D1UR _ IUP' J lUB'j
L & Nash 3%s 2003 83 81 83
L& N 5s 2003 B ... 100% 100% 100%
McCrory Strs 5s 51... 104 104 104
McKess & R 5%s 50_. 93 92*. 93
Manhat Ry 4s 90 ... 85% 85% 85%
Market St Ry 5s 45... 63 63 63
Mead Corp 4%s 65 __ 103*. 103% 103*.
Mich Cons Gas «s 63. 103% 103% 103%
Mil Spa & NW 4s 47 . 12 12 12 !
MStP&SSM 5s 38 gtd 4% 4% 4%
Mo 111 5s 59 _. 70 70 70
Mo K & T 1st 4s 90 ... 23% 22% 22%
Mo K&T 4s 62 B _ 12% 12 12%
Mo K&T 4 % s 78_ 13% 13% 13%
Mo K&T 5s 62 A _ 14*. 13% 14
Mo K&T adj 5s 67_ 4% 4% 4%
Mo Pac 4s 75 2 2 2
Mo Pac 5s 65 A_ 17% 17 17
Mo Pac 5s 77 F ... 17% 17 17
Mo Pac 5s 77 Fct_ 16% 16% 16%
Mo Pac 5s 78 G _ 17% 17 17
Mo Pac 5s 78 Get_ 16% 16% 16%
MoPac5%s49 ... 1 1 1
Mob & Ohio 4%s 77 29% 28 28
Moh & Ohio 4%s 77 ct 29% 28 28
Mob & Ohio 5s 38 35% 35 35
Mob & Ohio ns 38 ct 35 35 85
M & O Mont 5s 47 ... 21% 21 21
Monong P S 4%s 60 . 110 109*. 110 j
Monong P S 6s 65 . 110% 110% 110%!
Monong Ry 1st 4s 60 105 105 105
Mont Pwr 3%s 66 101% 101% 101%
Morris & Es 3%s 2000 41% 41% 41%
Morris & E* 4%s 55 31 31 31
Morris & ES 5s 55 ..! 36 35% 35%
Nat Dairy 3%s 51 106% 106% 106%
New Ene T & T 5s 52 124% 124% 124%
New Jer P&L 4%s 60 106% 106% 106%
New Orl & N 4%s 52 55 55 55
New Or P S 5s 52 A 105% 105% 105%
New Orl P S 6s 55 B 105% 105 105
New Orl Ter 1st 4s 53 62 61% 62
New Or! T&M 5%s 54 32 32 32
N Y Central 3%s 62 56% 56% 58%
N Y Central 3%s 97 . 76% 76% 76%
N Y Centra! 3%s 46 81 8J 81
N Y Centra! 4s 42 92 92 92
N Y Cent con 4s 98 58 58 58
N Y Cent 4»as 2013 A 53 52% 52%
N Y Cent rf 5s 2013 59 58*. 58%
N Y Cen L Sh 3 %s 98 59 59 59
NYC Mich C 3%s 98 53% 53% 53%
N Y Clii & St L 4s 46 81 80% 81
N Y Chl&StL 4 %s 78 55% 55% 55%
N Y C&StL 6%s 74 A 63% 63% 63%
N Y Conn 1st 4%s 53 10<T 106 106
N Y Dock 4s 51 48 47% 47%
N Y Dock conv 5s 47 . 47% 47% 47%
N Y G E H&P 4s 49 .. 116% 116 116%
NYNH&H4%s67 . 17 16% 17
NY NH &Hcv 6s 48 _ 17 17 17
N YO&W ref 4s 92... 4 4 4
N Y Rich 6s 51 _ 105% 105*. 105%
N Y W&B 4%s 46_ 3*, 3% 3%
Norf Southn 5s 41_ 67% 67% 67%
Norf Southn 6s 61_ 13 13 13
North Am 4s 59 106% 106% 106%
Nor’n Pac gn 3s 2047 43 42% 42%
Nor'n Pac 4s 97 .. 67% 67 67%
Nor’n Pac 4% 2047 ... 49% 49 49
Nor’n Par 5s 2047 C._ 56 55% 55%
Norn Pac 5s 2047 D . 56% 55% 55%
Nor'n Par 6s 2047 60% 59% 59%
Northn Sta Pw 3% 67 109% 109% 109%
Ohio Edison 4s 65 107% 107% 107'i
Oreg St L 5s 46 gtd . 116% 116% 116%
Oregon W RR 4s 61 108% 105% 106
Otis Steel 4%s 62 71 71 71
Pac Gas & El 3%s 66 108% 108*. 108*.
Pac G & E3%s61 112 111*. 112
Penn Co 4s 63 103 103 103
Penn Dixie C 6s 41 A 100'2 100% 100%
Penn G1 * Stl 4%s 60 105 105 105
Penn O & D 4 %s 77 100% 100% 100%
Penn P& L 3 %s 69 108% 108%- 108*,
Penn P & L 4 %s 74 . 107% 107% 107%
Penn RR 3%s 52 ... 84 84 84
renri i \ r\ o "4 1 v _ - _. on * oo-i np-6 ,
Penn RR 4s 48 1144 1144 1144
Penn RR cn 4s 48 stp 1114 1144 1144
Penn RR 4 4 81 984 974 984
Penn RR 4 V*s 84E 974 974 974
Penn RR 44s 60 1184 1174 118
Penn RR gn 4 4*65 1024 102 102
Penn RR deb 4 4* 70 884 87 884
Penn RR gen 5s 68 1074 1074 107",
Peoria & E 1st 4s 40 . 66 56 66
Peoria & E inc 4s 90 5 44 5
Pere Marq 44* 69 -- 69 594 60
Pere Marq 5s 56 674 67 674
Phelps Dodge 34* 62 1084 1084 1084
Phlla Co 5s 67 106 1054 106
Phila Elec 3 4* 67 . Ill 111 111
Phlla RC&Ir 5*73 12 12 12
Phillips Petrol 3s 48 106*, 106 106
PCC&StL 6s 70 A . 105 1044 105
PCC&StL. 5s 75 B 105 105 105
Pitt&W Va 4 4* 60 C 51 51 51
Port Gen El 4 4* 60 . 72 714 714
PtRATb 6s 42 unst .. 89 884 89
PtRATb 6s 42 unst ct 894 894 894
PtRATb 6s 42 std ... 89 89 89
PtRATb 6s 42 std ct— 8914 894 894
Postal Tel & C 5s 53 21 21 21
Press Steel Car 6s 51 834 834 834
Pub Svc N 111 3 4s 68 109 109 109
Purity Baking 6s 48 1044 1044 1044
Reading R 44* 97 A 704 70 704
Reading R 44s 97 B- 70 70 70
RepSteel 44 * 66 .. 1004 994 100
Republic Stl 44 * 61- 1004 994 100
Republic Stl 64* 64-. 107 107 107
Revere Cop 4 4s 56 . 1034 1034 1034
Saguenay Pw 4 4* 66 73 73 73
St U IMS R&G 4s 33.. 564 66 564
St L. San Fr 4s 60 A— 104 104 104
St L-San Fr 4 4s 78 — 10 94 10
St L San Fr 6s 50 B— 11 11 11
St L S F 6s 50 B ct_ 104 104 104
StLS W 1st 4s 89 .. 58 58 58
St P Un Deprf 5s 72 1134 1134 1134
San A & A Pass 4s 43 64 64 64
Seabd A L con 6s 45 44 44 44
Seabd A L 6s 45 ct 44 34 34
Sea-All Fla 6s 35 A ct 14 14 14
Shell Un Oil 2 4* 64 974 97 S7
Simmons Co 4* 52 ... 1004 1004 1004
Skelly Oil 3s 60 _ 100 100 100
Socony Vac 3* 64_ 1054 105 105
So Bell T&T 3s 79 1054 1054 1054
Southn Kraft 4 4* 46 1020, 1026, 102ft
So Pac 34* 46 _ 52 514 52
So Pac ref 4s 65_ 58 564 58
So Pac 4 4* 68_ 394 394 394
So Pac 4 4*69_ 394 39 394
So Pao 4 4* 81 _ 394 39 394
So Pac Greg 4 4*77— 464 46 464
So Ry 4s 66 _ 564 554 554
So Ry 6s 94 _ 88 874 874
So Ry gen 6* 6«_ 71 704 71
SoRy64|5l_..... 754 754 754
High. Low Close.
So Ry St L div 4s 61-. 70 70 70
Spokane Int 6s 66 ... 16 16 16
Stand Oil N J 244s 6* 104% 104% 104%
Stand Oil N J 3s 61 _ 104% 104% 104%
Studebakar cv <■45.. 94% 93% 94%
Swift & Co 3%e 60_105% 105% 105%
Tex Corp 8s 69 ... 104% 104% 104%
TexasCorp 3%s 61.. 103A 103A 103A
Tex & Pao 6s 77 B . 65% 65 65%
Tex&Pac 1st 6s 2000 106% 106% 106%
Third Ave 4s 60 ... 66 56 56
Third Av let 6s 37 ._ 99% 99% 99%
Third Ave adj 6s 60 19% 18% 18%
Union Oil (Call 3* 69 103 103 103
Un Pacific 3%s 70 96 96 96
Un Pacific 1st 4s 47 114 114 114
Unit Biscuit 3 %s 55 106 106 106
United Drug 6s 53 .. 82% 81 62%
Utah l.&T 6s 44 . 101 101 101
Utah Pwr & L 6s 44 . 101% 101% 101%
Va El & P 3%s 68 B _ 110% 110% 110%
Va Ry 1st 3% 66_108% 108% 108%
Wabash 1st 6s 39_ 40 39% 40
Wabash 5%s 75_ 6% 6% 6%
Walworth 4s 65 _ 63 63 63
Warner Bros 6s 48_ 79 79 79
Warren Bros 6s 41_ 28% 27% 28%
West Sh 1st 4s 2361 . 47% 47% 47%
W Sh 1st 4s 2361 reg 45 45 45
West Md 1st 4s 52 83 82% 83
West Md 6%s 77 88% 87% 88%
West N Y&P gn 4s 43 108 108 108
West Pac 6s 46 A as 12% 12% 12%
West Union 6s 61 .. 64% 64% 64%
West Union 6s 60 .. 63% 63% 63%
Wheel Steel 4 %s 66 .. 102% 102 102
White Sew M 6s 40 ... 100 100 100
Wilson & Co 4s 65 105 104% 105
Wis Cent 1st gn 4s 49 19% 19 19
Wis El Pw 3%s 68 109% 109 109%
Wis Pub Svc 4s 61 109% 109% 109%
Youngst’n SAT 4* 48 104 104 104
Youngst’n S&T 4s 61 106 105'% 106
Chicago Grain
By the Associated Press.
CHICAGO, July 8.—The expanding
movement of newly harvested wheat
more than offset rather sensational
reports of crop deterioration in the
spring wheat belt today as domestic
prices fluctuated erratically over a
range of about 3 cents a bushel.
Prices were about. 2 cents net
higher at one stage following re
ceipt of pessimistic crop news but
forecast of continued unsettled
weather in the northwest with pos
sible showers tempered bullish er»<
thusiasm in this respect. The mar
ket tumbled to about a cent lower
than Saturday’s close during the
final hour.
vvlirai ciosea -g-i cent lower man
Saturday, July 7534, September
76U-ti; corn la-\ higher, July
61-61'g, September 581*; oats V*
lower.
WHEAT: Open. High Low. Close
July . .. _„ ,78s, ,783a .75s, .73s,
Bept. _.77 .79 .78 .7S'/,-V,
Dec. -.78', .80 .77 .77s,-',
CORN:
July . .80', .61', .59'2 6!',
Sept. .57', .58', .56’, .58',
%ATS: 34 2 35,< 34 S5'-S*
July ___ .39s, .31 .303, .303,
Sent .28s, 7s3, "S’, "gij
°ec .29*, ,293, .29*2 .23 H
SOY BEANS
July . .81 >2 .81 >'2 .80*2 80*4
<*<• -- .73*, .73', .73',
Dec. „ .73', .73',
Juh- _ .42 ,433, 42 4’s,
Sept. . .44 .45s, 43s, .441 2
Dec .. ,48V, .48', .48 463,
LARD:
July 6 ns 6.05 5 9° 5 92
Sept. _ 6 27 6.27 6.00 6 00
Oct. _. 6.35 6.35 6 07 6 07
Dec. 6 45 6.50 6 25 6 "5
^’bellies'13' 632 633 635
July 6 82
Sept 7.22 7 22 7 10 7.10
Ohlciee Cash Wheat.
. Cash wheat. No l. red. 81-813,- No ".
81',: No. 4. 77-77V2: No. 1 hard. SO'2-’.':
E°- l “l1*,**1- "R'< corn No. 1 yellow. 64:
No. 2. 64',: samole grade. 61:. Oats. No
' mi*ed. 31'- No 2. 31*,-3.3',: No. 3,
934%:iN«1 JPh,e.,2f: No' '■ 34'.-',: No.
3 33 2-34. No 4. 33',: sample grade. 32*7.
Barley maltina. 48-52 nominal: feed. 35-43
nominal Soy beans. No. 3 yellow, 81'2
sample grade. 70. 2
_Baltimore Quotations
BALTIMORE. July 8 iT>.—Wheat No n
red. winter, garlicky. spot, domestic, old:
*3; new, T/Sj2.
New York Cotton
By the Associated Press.
NEW YOPK, July 8.—In contrast
with the spot month new crop cot
■ton positions eased under specu
lative liquidation and realizing in
late dealings today based on an
increase of 5,000 bales In certifi
cated cotton stocks. (July told'
finished 7 higher, others 5 to 6
lower.
Old contract
. , Op?1! Hicrh Low Last
Jul* #.#1 PJX) P.S7 fl.fl.S-87
New contract:
July 10 1 On
Dec - 9 45 9 54 9 38 9.40
Dec. - 9,32 9 40 9 25 9.26
Jan. __ p ,
March 9 10 9.16 9 01 n'oi
May 8 95 9.00 8 84 8 84
Middling spot (’,-inch). 10.6on.
Cottonseed Oil.
Bleachable cottonseed oil futures closed
a a2u10J°V Bales. 65 contracts. July.
{LOOb: September, 6.17b: October. S 19b;
December. 6.22b: January. 6.25b,
___ New Orleans Prices.
NEW ORLEANS Julv 8 <jb.—Long liqui
dation and easiness In wheat erased an
e»rly advance In cotton futures todav.
Clnsine prices were steady. 5 to 9 points
net lower.
. , Ooen. High. Low. Close
July _ P.86 p.87 pan 9 84b
July (new)_9 9ib 9 91b
October _ 9 49 9 55 9 39 9 41
December _ 9.37 9.42 9 "6 9 07b
January _ 9.25b 9 15b
March _ 9 15 9 18 9.05 9 05
Ms v 8 99 9 02 8.88 8.88
Cottonseed oil closed steady Bleach
able prime summer yellow. 6 ns nominal
Prime crude. 5 12'?. July. 5.60b: Septem
ber. 5.67b: October. 5 69b. December 572b:
January, 5.74b
b Bid. n Nominal.
Decline Is Registered
By Insurance Shares
Spec's! Dispatch to The 8tar.
NEW YORK. July 8.—Insurance
stocks in the New York city mar
ket eased off during the past week,
according to Holt. Rose & Troster.
The aggregate market value of 20
leading Are and casualty insurance
issues at the close on Friday. July 5
was *556.265.000 compared with
*559.182.000 at the close of the previ
ous week, a decline of $2,917,000, or
0.52 per cent.
The current average yield of the
20 issues is 4.29 per cent compared
with a yield of 4.27 per cent on
June 28. The current market value
equals 92 per cent of the reported
liquidating value against 93 per
cent at the close of the preceding
week.
New York Sugar
NEW YORK. July 8 ■'T —Liquidation
revealed an absence of active support
In world sutar futures today and prices
declined Into new low ground for the
year at losses of 2% to 4 points. Septem
ber sold at 95 and December 1.00
Domestic futures were steady but dull.
Afternoon prices were unchanged to 1
lower, with trading mixed September
solH at 1.70 nnrt March 1 80.
Raw suaar was quiet. Offerings were
scaled from 2.72 to 2.76. delivered basis.
Refined was unchanged at 4.60.
Futures No. 3 closed unchanged to 1
lower. Sales. 2.800 tons.
High. Low Last.
Sept. _ 1.80 1.70 1.70b
Jan - 1.87 1.87 1.86b
Mar ... 1.80 1.80 1.00b
No. 4 futures. 4-5% lower. Sales. 6.450
tons.
8ept. _ .00 .04 .03 %b
Dec. _1.01% .80 ,08b
Mar _ 1.04 1.00% 1.00%b
b Bid.
Baltimore Stocks
Special Dispatch to The Star.
BALTIMORE. July 8.
Sales. STOCKS. High. Low. Close.
130 Arundel Corp 15 15 15
2 Consol Pow com. 74% 74% 74%
4 Fldeliyr & Guar _ 27% 27% 27%
500 Mar Tex Oil Co_ .40 .40 .40
27 Mons W P S 7*- . 27% 27% 27%
40 Mt Ver W Mis pf . 46 46 46
100 New Amster Cas 15% 15 15
42 Natl Marine Bank 60 50 50
152 U 8 Fidel ti Guar 18% 18% 18%
BONDS.
*9000 Balto Tr deb 4s A 82% 32% 32%
*2000 Georgia Marble 3a 37% 37% 37%
Moderate Increase
In Cotton Acreage
Is Disclosed
Area Is 101.6 Per Cent
Ahead of Year Ago
At Month's Start
By :hr Associated Press.
The Agriculture Department esti
mated today that cotton in cultiva
tion July 1 totaled 25,077.000 acres,
or 101.6 per cent of the area in
cultivation a year ago, which was
24.683.000 acres.
Abandonment of cotton acreage
between July 1 and time of picking
has averaged 1.9 per cent in the last
10 years, the department said, and
the average abandonment applied
to the estimated acreage in culti
vation indicates 24.616.000 acres for
harvest this year.
The acreage picked last year was
23.928,000, the smallest since 1899;
the yield of lint cotton was 235.9
pounds to the acre. Total produc
tion was 11.812.281 bales of lint cot
ton and 5.239.000 tons of cottonseed.
The first official estimate of this
year's indicated production will be
issued August 8.
The acreage in cultivation July 1
and its percentage of that a year
ago, by States, follow:
Missouri, 395.000 acres, or 104 per
cent; Virginia, 31,000 and 94; North
Carolina, 829,000 and 110; South
Carolina, 1,273.000 and 102: Georgia,
1.994.000 and 100; Florida, 73.000
and 99; Tennessee, 748.000 and 102;
Alabama, 2.100.000 and 100; Mis
sissippi, 2.662000 and 100; Arkansas,
2.187.000 and 100; Louisiana, 1.189,
000 and 103; Oklahoma, 1.929000 and
104; Texas, 8.963,000 and 101; New
Mexico, 109000 and 114; Arizona,
227000 and 120; California, 347000
and 104; all other States 21000 and
101; lower California (Old Mexico)
not included in United States, to
tals 125,000 and 120.
Aviation Gasoline Needs
To Force Expansion
By the Associated Press.
NEW YO?tK, July 8— Oil's con
tribution to national defense was
viewed with such optimism by the
Lamp, published by the Standard
Oil Co. tNew Jersey), that only one
difficulty was confessed. Even that
was called simple of solution.
‘‘A survey of production possibili
ties for aviation fuel of 100 octane
or greater indicates that a sufficient
supply could be developed to meet
the fueling requirements of the larg
est air fleet called for in any de
fense program so fai made public,”
said the Lamp.
‘"This cannot be done, however,
with existing facilities, for the large
quantities of high-quality fuel that
will be needed will naturally be far
in excess of commeicial peacetime
requirements. Additional capacity
for manufacturing blending agents
as well as certain other facilities
will have to be constructed.
"Given reasonable 'breaks,’ how
ever, there is no reason why the oil
man cannot lay adequate supplies
of aviation fuel on the line before
the planes themselves are delivered.”
The Lamp dismissed as presenting
no problem raw material, ordinary
refining capacity, oiling the defense
machine, fueling the defense line,
supplying certain necessary chemi
cal and man power in the industry.
Peach Crop Surprise
In Fifth District
Wheat and peaches are the only
crops for which 1940 prospective
yield figures have been issued the
Federal Reserve Bank of Richmond
reports. Total wheat yield this year
for the fifth district is forecast at
24.440.000 bushels, approximately the
same as 24.480.000 bushels in 1939 but
less than the 10-year average pro
duction of 25.169,000 bushels. Mary
land and Virginia are expected to
excell last year's wheat crops, but
West Virginia and the two Carolinas
apparently have smaller crops this
year.
Peaches are turning out better
than was expected, and the district's
prospective crop of 4,793.000 bushels
is higher than either the 1939 yield
of 4,708,000 bushels or the 10-year
average crop of 4,624,000 bushels'
Wool Prices Uneven
As Demand Slackens
By the Associated Press.
BOSTON, July 8 (United States
Department of Agriculture) .—New
business was very slow on the Bos
ton wool market during the last
week, and quotations on domestic
wools were somewhat irregular.
Graded territory wools were mostly
very quiet and quotations were in
clined to ease. Original bags, fine
territory wools, were sold at prices
below those generally quoted the
previous week.
Demand was slow on fleece wools,
but prices were fairly steady. Graded
combing bright fleece wools are
quoted mostly 34-36 cents in the
grease for fine delaine, at 35-37 cents
for half bloods and at 40-41 cents
for three-eighths and quarter bloods.
Visible Grain Supply
NEW YORK, July 8 <£»).—Visible
supply of American grain showed
the following changes from a week
ago (in bushels): Wheat increased
9.723.000. corn Increased 839.000,
oats decreased 230,000. rye decreased
154.000, barley decreased 737,000.
Commodity Prices
NEW YORK, July 8.—The Associated
Press weighted wholesale price index of 38
commodities today declined to 71.87. Pre
vioui day 71.88: week ago. 71.86; month
ago. 7112; year ago. 65.34
1940 1939 1938 1933-37
High ... 75.29 75.22 73.37 98.14
Low __ 71.12 63.78 63.86 41.44
(1926 average eauals 100.)
Miscellaneous Markets.
Additional New York markets as com
piled bv the Associated Press.
STRAITS TIN—Futures closed 37*4
lower to 30 higher. August. 50 37Vi. No.
sales in lead and zinc futures
RAW HIDES—Futures closed 11-12
lower. Sales. 760.000 pounds. Septem
ber, 10.34b; December. 10.53b. Spot No.
1 Western light native cows, lln,
COCOA—Futures closed 5-7 lower.
Sales. 2.814 tons September. 4.04; De
cember. 4.76n: March. 4.85.
CRUDE RUBBER—Futures closed 5-37
higher. Sales, No. 1 standard. 86 con
tracts July. 20.70: September. 19.11b:
December. 18.30. Smoked ribbed spot.
20.75n.
COFFEE—Spot Quiet: Santos No. 4.
O'7*-7Vi: Rio No. 7. 5Vi Cost and freight
offerings Included Santos Bourbon 3s and
5s at 6.40-7.20. Santos No. 4 "D" futures
closed 1-5 higher. Sales. 5.750 bags.
July, 5.85; December. 0.10: March. 6.25
Rio No. 7 "A” futures unchanged, no
sales.
WOOL TOPS—Futures closed 22 to 24
down. July. 93.0b: October. 88.8: Decem
ber. 86 8. Spot, standard tops. 99.0, un
changed.
RAW SILK—Futures No. 1 closed 2'b
4 lower. Sales. 220 bales August. 2.54;
October. 2.49Vib; February, 2.44b. bBid.
a Nominal.
NEW YORK CURB MARKET
By arlvate wire direct te The dtar
(Eastern Daylight Saving Time.)
Stock and Sale#—
Dividend Rate Add 00. High. Low. Close
Aero Sup(B) ,25e 1 6% St* 5V*
Alum Co Am (2e) 200s 166 155 155
Alum Goods .80*. 1 17 17 17
Alum Ltd (3c) - 100s 60 60 60
Am Capital (B).. 1 t* ti %
AmCynamB 80. 8 31% 31V* 31%
Am Export .60* 3 10% 10% 10%
Am One A El 1 80 9 34 33% 33%
Am G A E pf (8) _ 26* 107% 107% 107%
Am Maracaibo 3 A A A
Am Pot&Ch (2e). 25s 78 78 78
Am Superpower 17 A % %
Am Ruperpwr of 1 10% 10% 10%
Am Superp’r 1st 100s 67% 56% 57%
Am Thread of .26 1 3% 3% 3%
Ashland OAR 40 3 4% 4% 4%
Atl Coast Fish 2 1% 1% 1%
Atlas Drop F .20* 1 2% 2% 2%
Babcock & W.60* 1 22% 22% 22%
Baldwin Lo war 3 6% 51* 5%
Bardstown Diet... 1 A A A
Barium Stain Stl. 5 % % %
Bath Iron (,26e). 6 18% 13% 13%
Beech Aircraft... 1 4% 4% 4%
Bell Aircraft . 1 14% 14% 14%
Bell Tel Can (*). 80s 88 88 88
Berk A Gay Fur.. 1 A A A
Bllsa ( E W > . 1 12% 12% 12%
BoharklH Cllst 80s 18 17% 17%
Brazilian TrLAP 1 3 3 3
Brewster Aero 7 9% 9% 9%
Brown Co pf (r). 100s 16% 15% 16%
Brown F A W_ 1 2% 2% 2%
Brown For Dlst.. 1 1% 1% 1%
B NAEP Df 180 .. 2 19% 19% 19%
B NAEP 1st (6) . 60s 98% 98% 98%
Bunker Hill .60* 1 10% 10% 10%
Calllte Tungsten 1 1% 1% 1%
Can Col Airways 2 6% 6% 6%
Can Mar W 04* 2 % % %
Carlb Syndicate 1 % % %
Celan pto pf (7a) 25*116 116 116
Cent NY Pw pf 6 30* 99% 99 99%
Cent States Elec 2 A A A
Cent St E 6% pf 75* 1% 1% 1%
Cities Service 9 5% 6 5
Cities Service pf. 1 63'* 63% 63%
Claude Neon L .. 2 A A A
Col Fuel A I war 1 4% 4% 4%
Columh Oil A Gas 1 1% 1% 1%
Comwlth A S war 33 % A A
Consol R S pf (8) 10s 88 88 88
Cornucopia Gold. 1 % % %
Cosden Peirolm.. 5 1% 1% 1%
Creole Petr 60a.. 1 14 14 14
Decca Rec 60 1 514 5'* 5'4
Det Stl Trod ,50e 6 1514 14V* 14'4
Duhllter Con 07e 12 2 2
Duke Rower 1.50e 25s 70 70 70
Duro-Test 1 114 IV, Hi
East’n GasAFuel 3 214 214 2'4
Eastn OAF * pf 2 16s* 16** 16**
E GAF prpf 2.25k 60s 44 43** 43*,
Eastn Sts pf A 25g 16', 16'i 16',
Eastn Sts pf B 25s 16', 16', 16',
Easy W M(B) .50 1 3 3 3
Elec Bond & Sh 18 6 5"4 5*»
Eleo B & S pf <•) 15 69*. 68*. 69*.
: Fairchild Avia .. 1 8V* 8Vi 814
' Fairchild E A A 8 4<4 4 4
Fanny Farm 1.60 50g 19v* )9y* 1914
Fire As Phtla 2a. 10s 60 60 60
Ford Ltd I 16g 1 1 Hi 114 114
i Gatineau P pf (5) 20s 52 52 52
| Glen Aid C .375e 3 7 6’. 674
i Gray Mtg 3 54* 614 5'/,
1 G A A P n v <5e). 50s 92 92 92
1 G AAP 1st pf (7) 25s 127'. 1271. 127's
Greenfield T A D 11 7». 71, 7s*
Gulf OH of Pad) 1 2714 27H 27W
Hazeltlne (3) .. 1 20 20 20
Hecla Min 20e 1 4'4 414 414
Heyden Chem t3) 25s 72 72 72
j Humble Oil 75e 1 521, 5214 5214
Hum'l Ross .30e 1 51. 51* 514
j Illinois-la Power 1 31s 314 314
I 111-la Power of 1 261, 26', 26',
Ill-la Pwr dtv et 2 6*. 6u* 61,
Imp Oil Ltd 60a 1 6', 6V4 6',
i ImpTobCan 40a 2 8V* 8'* 81*
! Ind apPALpf 6 5u 20s 109 108', 109
1 Ins Co N Am 2a 50s 62 62 62
Int lndust l.lOg) 2 H. 114 114
Int PaAPwr war 4 24* 2s* 2*.
Int Petrolm 1.50 11 9H 9>.i 9',
Interst Home.60a 1 8', 814 814
Inv Royalty (.04) 3 '4 V. V*
Irving Air Ch (1) 3 12s* 12s* 12s,
■ JerCPAL pf 5.50 25s 93 93 93
Jones A Lau Stl 1 21 21 21
i Kingston Prod . 2 114 1>4 H4
Kress(SH )pf .60 1 111* ID* 1H4
Kreuger Brew 50 5 5** 61* 614
Lake Sh Mile) . 3 10s, 104, 10s,
Lehigh Coal .. 12 2 ^,2
Lone Star.40e .19 9 9
Long Isi Ll pf B 25s 28', 2814 28',
McCord Had (B) 1 H* 1** H*
McWill msuredg 1 5'* 5'* S'*
Majestio Radio 4 '» i* '*
Mend John <3a) 10s 1361, 1361, 1361,
MerAMfgA.IOe 1 3*. 3*. 3*.
M A &1 pt pf (2a> 25s 25 25 25
Merr-ChapAS 8 4 3s, 3s,
Merr-Ch A S pf A 50s 70 70 70
Mich Sugar 1 H
Midld O cvpf.75k 250s 61* 61* 61*
Minn MAS l.L’Oe 50s 67 57 57
Miss R Pw pf (61 40s 110 110 110
Molybdenum ,50e 3 61, 61* 6H
Mont Ward A(7) 60s 162', 162 162
Nat Bella Hess 1 14 14 14
Nat City L (.50e) 2 14 13 14
Nat Fuel Gas Hi 2 10*, 101, 1014
Nat P A L pf t*i 350s 88 87«, 88
Nat Union Radio 32 H4 M 114
Navarro Oil 40a 1 8s, 8», 8s,
New Eng P Assoc 50s 9 8s* 9
NEPA6%pf 4.50k 50s 68 674, 68
N Eng TAT 3.25e 10s 114 114 114
J Ziinc 1.5Ut .DVS 04 048* 04
NT P A Lit pt (6) 60* 105 105 105
NY Shlpbg fd eh 1 18*4 18*4 18V*
NY Water Svc pf 10s 19 19 19
Nlag Hudson Pw 3 4*» 4*4 4*4
Nor Am LAP pf 125* 72 72 72
Nor A Rnrnf (3) 20s 50 50 50
N Ind PS6%pf 3k 30s 102 102 102
Nortb'n Sta P (A> 1 10', 10*4 10H
Ohio Edls pf (81 75* 105 105 105
Ohio P S pt A (7 ) 20s 112*4 112*4 112*4
Okla Nat Gas.50e 1 17 17 17
Okla Nat G pfi8) 200s 45*4 45 45*4
Oldetym* Oist 1 4*» 4*» 4H
. Pao Gas8%pfl.60 10 33*» 32t» 33*4
Pantepee Oil ... 12 2V« 2*4 2*4
Pennroad . 2 1*4 1*» 1*4
Penn WAP (4) 100s 62 62 62
Phoenix Secur 13 8*4 8*» 8%
Pioneer Gold .40 1 1*4 1*4 1*4
Pltney-Bowes .40 1 6V4 6*4 6*4
Premier Gold .12 1 A A A
P S Ind 87 pr pt 25* 89V, 89*» 89*,
I PugSd $5pf 2.50k 325s 75V, 75 75
I Quaker Oata (5) 20* 102 101*4 101*4
'■ Radlo-K-Or ws 2 ** S H
Kaym d Concrete 100s 11 11 11
Reed Roll B (la) 1 19V, 19*4 19*4
Republic Aviat'n 18 4*4 4 4
Rustless IAS .30* 1 9V* 9*4 974
Seovill Mfg .60* 1 25*4 25*4 25*4
Segal L,ock 6 W *4 *4
Select Industries 2 S H *,
Shattuck-D(.lOe) 14 4 4
Figures—
What They Mean
By JOHN L. BECKLEY,
Associated Press Statistician.
NEW YORK, July 8.—A new world
order in business, if Germany should
subdue England, was foreseen today
by Business Week magazine.
Germany, the publication pointed
out, already dominates continental
Europe, claiming a consumer public
of 300,000,000. The British empire,
by comparison, has nearly 500,000,000
consumers; the Soviet Union more
than 100,000,000; the Japanese bloc
about 400,000,000, and the Western
Hemisphere around 225.000,000.
If Germany should succeed in co
ordinating and directing the ship
ping of all her new “partners,” its
fleet would surpass the giant mer
chant marine of Great Britain. It
would have more electric power at
its command than the United States,
a textile empire second only to the
British, and would be king pin in
a market for our goods which is only
a little smaller than the huge Brit
ish Empire.
This is only a tentative appraisal,
Business Week said, of the way
trading bloos may shape up after
the 21 American republics have dis
cussed their scheme for a Western
Heisphere cartel, Germany and
England have settled their argu
ment, and Japan has established
her new order in the Orient.
Stock and Sale*—
Dividend Rate Add 00. High. Low. Close.
Shawm W A P .90 1 12 12 12
Simmons HAP S 414 474 414
Singer Mfg 18) 90* 106(4 104(4 104 V*
Sioux CGAEpf 7. SOa 99(4 99(4 99(4
SC Ed pf B 1.(0. 1 29*. 291. 29*.
Spalding Co 2 144 144 1*4
8td CASevpf 1.00 60s 17 17 17
Stand Drertg .10a 2 144 1*4 144
Stand Oil Ky II). 1 18 18 18
Stand Pwr A Lt.. 2 A *4 (4
Stand Sliver Ld_. 1 V* (4 (4
Sterehl Bros_ 1 2'4 2(4 2>4
Sterling Alum_ 1 6*» 6H 6*»
Stetson IJ B) ... 175* 8(4 3(4 3V*
TaylorlKylDlat 5 1(4 1(4 K4
Technicolor .60*. 1 94* 9*» 9**
Trt ContJ war 1 A A A
Unit Alrc’t P 10* 4 10(4 10(4 10(4
Unit Cgr-Whelan 1 4* ** S
United Gaa 2 1** 14* 14*
Unit GAE pf (7). 10* 84 84 84
Unit LtAPwr IA) 2 t* (4 74
Un.t LtAPwr pf 2 25(4 25(4 25(4
Unit Sh M 2 60a 225a 62 61 61H
Unit ShMpf 1 (0 30a 42 41*. 42
U S A 1 8 pf 1.26k 25s 481. 484* 481*
U S l.lnes pf 1 2(4 2(4 2(4
U S Plyw'd(.SOe) 1 21(4 21(4 21(4
U S Radiator . 4 It* It* IV*
Unit Wall Paper. 10 14* 144 14*
Utah Idaho Bug.. 2 1(4 1(4 1(4
UtP&Lpf 3.50k. 60* 63(4 63V* 63'*
Venezusla Petrol 11 44 a* 44
Wellington OH 2 2 2 2
Wentworth Mfg.. 1 1(4 11* It*
WestVaCAC .. 1 1*» 1** 14*
Western Air Exp. 2 4T4 4 74 4 7*
Wichita Rlv Oil.. 1 5** 6*4 5*.
Wlirms IRC)... 1 4V« 414 4(4
Wright Harg.40a 1 3S 314 3*4
r In bankruptcy or receivership or belm
reorganized under the Bankruptcy Act. or
securities assumed by such companies
Rates cf dividends In the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declara
tion Unless otherwise noted, special or
extra dividends are not included a Also
extra or extras d Accumulated dividends
paid last year e Declared or paid so
far this vear f Payable In stock a Paid
last vear h Cash or stock k Accumu
lated dividends paid or declared this rear
ur Under rule «» With warrants xw
Without warrants war Warrants.
Gain in 1939 Farm Income
Is Reported by Bureau
By the Associated Press.
The Bureau of Agricultural Eco
nomics reported todav that gross
farm income in the United States !
last year was $9,769,000,000, as
against $9,362,000,000 in 1938.
The total for 1937 was $10,569.
000.000 and for 1936. $9,915,000,000.
Gross income includes cash in
come from sale of farm products
during the calendar year, the value
, at average prices of products re
! tained for home consumption and
Government payments to farmers.
Cash income from marketings in
1939. the bureau said, amounted to
$7,733,000,000, compared with $7.
590,000.000 in 1938, an increase of
about 2 per cent. The value of
products retained for home con
! sumption declined from $1,290,000.
!000 in 1938 to $1,229,000,000 in 1939
because of lower prices of many
important products. Government
payments under the agricultural
conservation program were $807,
000.000 last vear, as against $482,
000.000 in 1938.
Loan Rates on 1940 Wheat
Fixed in Maryland
The loan values on the 1940 crop
of eligible soft red winter wheat
stored in approved warehouses or
acceptable farm storage in the
counties of Maryland are an
nounced by R. O. Stelzer. State
: executive officer for the A. A. A.
For Baltimore. Caroline. Carroll.
| Cecil. Frederick, Harford, Kent,
! Montgomery. Queen Annes, Talbot
and Washington Counties the loan
rate is 75 cents a bushel for No. 2
| wheat. The rate for that grade of
wheat in Dorchester County is 74
: cents
The rate for No. 1 wheat is 1 cent
higher than for No. 2 wheat, and
the rate for No. 3 wheat is 2 cents
lower than No. 2.
Deductions will be made from the
loan rate for the applicable grade
at the rate of 2 cents for “light
garlicky," 6 cents for “garlicky." 3
cents for “light smutty" and 6 cents
for “smutty."
For additional information re
garding wheat loans, farmers are
advised to get in touch with their
county agent or county committee
men.
Rains Benefit Crops
In Western Canada
Special Dispatch to The Star.
MONTREAL, July 8.—‘Tn the
prairie provinces of Canada, crops
on the whole have benefited from
light to heavy rains.” the Bank of
Montreal states in its current crop
report.
"A large percentage of yie wheat
is in shot blade, with early-sown
fields heading out, and coarse grains
are growing well. Moisture condi
tions in Manitoba are satisfactory
for the present. In’ Alberta and
| Saskatchewan, generally, good rains
are needed to maintain present
prospects, particularly in Central
and Northern Saskatchewan and
Southern Alberta.
“Grasshoppers are prevalent and
have caused serious damage in
Southeastern Alberta and South
western Saskatchewan. Pastures are
in good condition in Alberta and
Manitoba, but are only fair in Sas
katchewan.”
Loans on Securities
Reach Record Low
By the Associates Press.
NEW YORK. July 8.—Federal Re
serve member banks in New York
City loaned *262,000.000 to brokers
and dealers in securities during the
week ended July 3, the lowest
amount on record.
The total was more than half
of the comparable week last year
and *14,000.000 below the preceding
week. Since mid-May brokers’
loans have been steadily contracting.
Security dealers said the decline
was due largely to the desire of
stock buyers to maintain their ac
counts in as liquid condition as
possible. In other words more pur
chasers are paying cash and buying
issues outright rather than buying
on margin.
Dividend Is Declared
NEW YORK, July 8. (Special).—
Directors of Allegheny Ludlum
Steeel Corp., have declared a quar
terly dividend of *1.75 on the pre
ferred stock, payable September 3,
to holders of record August 15.
Steel Rate to Climb Y
To 86.4 Per Cent in 0
Current Week H
Sharp Recovery From
Holiday Lull Seen
By Institute
By th« Associated Press.
NEW YORK, July 8—Steel mill
operating schedules will rebound to
86.4 per cent of capacity this week
after the Fourth of July holiday had
reduced output to 74.2 per cent In
the preceding week, the American
Iron & Steel Institute estimated
today.
The current week was a shade un
der the 86.5 rate prevailing before
the holiday week.
A month ago operations were 84.6
per cent of capacity and a year ago,
49.7.
CLEVELAND, • July 8 OP).—The
magazine Steel said today "some
small buying for defense purposes is
being done but full weight of such
requirements is still in the future.
"Many steel consumers are seek
ing to increase inventories to fur
nish a supply In case <governmental»
priorities are put into effect.”
The July 4 holiday cut last week’s
steel operations 14 points to 75 per
cent of capacity. A rebound this
week to the previous rate of nearly
90 per cent is likely. Many mill
schedules are stepped up to meet
delivery requirements and to make
progress against mounting order
backlog.
"Deliveries in some products, nota
bly bars, are falling several weeks
behind,” the magazine said. "Most
low-priced sheets bought last spring
have been delivered and this makes
way for new demand, which is
heavy.”
This year's pig iron output to July
1, totaling 21.042.643 tons, was the
highest first-half production since
1937. when furnaces made 22,143.895
tons. The industry turned out 14 -
023,668 tons in the first half of 1939.
Active blast furnaces on June 30
totaled 181, the highest since last
December, when 191 were in blast.
A new schedule for structural steel
extras, effective July 1, includes
changes in size, quantity and length
extras, new classifications and list
ings. The new schedule, supplanting
that of 1938, was announced by Car
negie-Illinois and "is expected to be
followed by other producers.”
Steel’s composite of steelworks
scrap is off 24 cents to $18.83, the
iron and steel composite down 4
cents to $37.72 and the finished steel
composite steady at $56.60.
Store Volumes Remain
Steady During June
Bj the Associated Press
Reports to the Federal Reserve
Board indicate that department
store sales during June remained at
the May level, contrary to a cus
1 tomarv decline, raising the board's
adjusted index to 93 for the first
six months of this year, sales were
4 per cent higher than for the first
half of 1939.
-.
Curb Bonds
i DOMESTIC High Low. Close.
Ala Power 4%s 67 . . 102% 102 102%
Ala Power 5s 68 105% 105% 105%
Am P A L 6s 2016 90% 99% 99%
As El Ind 4%s 53 . 49% 49% 49%
As G A- E 4s 49 . 13% 13’, 13%
As G A E 5s 50 _ 14 13% 13%
Bald Loco 6s 60 __ li° n* u*
Bell Te C 5s 57 B . _ 10n% 99% 99%
Bell Te C 5s 60 C 100 100 100
Birm El 4%s 68 99’, 99% 99%
Birming Gas 5s 59 _ 97 96’, 97
: Can Nor Pwr 6s 53_ 72’, 72% 7 ’’.
Central Pw 8s 57 D 100% 100% 100%
Cent St El 5%s 54 31% 31% 31%
Cen St P A L 5%s 53 . 75 74’, 74%
Chi Rys 5s 27 cod 45% 44’, 45
I Dili St Ry 5 %s 52_ 83 83 83
1 Cities Svc 5s 50 75% 75 73
Cities Service 5s 58 75 74’, 74’,
Cit S P A L 5*as 52 .. 85% 84% 85%
j Cit S P A L 3%s 49 . 86% 84% 86%
Comun'ty P A L 5s 57. 93% 93 93
Cons G Bai 4%s 54 128 128 128
Con G E L A P 3 s 71 110% HO’, 110%
Cons G Util 6s 43 st . 87 87 87
Corn G A E 5s 58 A._ 89’. 88% 89%
Cudahy Pkg 3%s 55 97% 97% 97%
Del El Pw 5%s 59 ... 106% 106% 106%
East G A F 4s 56 A 79% 78% 79%
El Pw A Lt 5s 2030 . 77% 76% 77%
Fla Pwr coupn 4s 66 ... 102% 102% 102*.
Florida P A L 5s 54 . . 104’, 104% 104%
Gatineau P 3%s 69 .. 65 65 65
Gen Pub Ut 6%s 56 97% 97% 97%
Gen W W A E 5s 43 A 99% 99% 99’.
Georgia Pw 5s 67 . 106% 106% 106%
Georgia P A L 5s 78.. 67 67 67
Glen Alden Cl 4s 65.. 70 70 70
Grit Moun P 3%s 63 . 103 103 103
Guard Inv 5s 48 A _ 27% 27% 27%
Hou Gulf G 6s 43 . 104 104 104
JJJ H 5,'iS 57 86% 96 96’.
Ill Pw A L 5%s 54 B 165% 163% 165%
III Pw A L 5s 56 C 104% 103’, 104
Indiana Svc 5s 50 A _ 70 70 79
Indiana Ser 5s 63 A „ 68% 68 68%
Indianan Gs 5s 52 85 84 85
Ind Pal 1st 3%s 68 105’, 1(>5’« 105’,
Inti P Sec 6%s 55 C _ 20’, 20% "O’,
Inti Pw Sec 7s 57 E _ 24% 24’. 24’.
Inti Pw Sec 7s 52 F 42 42 4'1
I Interst Pw 5s 58 61'; 61 61
1 Interst Pw 6s 62 .... 39% 39 39
Midlan VRR 5s 43 57% 57% 57%
Mid S Pw 6%S 45 A . _ 94’, 93% 93%
Minn PAL 4%s 78_103’, 103% 103%
Minn P A L 5s 53_105', 105% 105%
Miss Pow 5s 55 _ 104 104 104
Mo Pub Svc 5s 60__ 92 9" 90
Nass A Su L 5s 45_101% 101% 101'/.
Nevad Cal El 5s 56_ 72% 72',, 72’,
New Ams Gas 5s 48_ 62V. 62% 62%
New E G A E 5s 47_ 63V, 63 63
New E G A E 5s 50_ 63 62% 63
New E Pw 5s 48_ 97*% 97 97%
New E Pw 5%s 54 _ 100 99% 100
New Or P S 6s 49 A_102% 102’, 102’.
Nor A LAP 5%s 56_100% 100% 100%
Northw p S 5s 57 A_ 106 106 106
Ohio Power 3%s 68_108% 108% 108V.
Ohio Pub Svc 4s 62 . 109V. 108’. 109%
Pac L A P 5s 42 ._ ... 108V, 108V. 109%
Pac P A L 5s 55 _. 93 92% 92%
Penn CLAP 4%s 77__ 103% 103% 103%
Penn P 8vc 5s 54 D 107 107 107
Peon GLAC 4s 61 D __ 98% 98 98%
Peop GLAC 4s 81 B .. 97’, 97% 97t,
Pitts Steel 8s 48 _102'; 102% 162%
Portld G A C 5s 40_ 81 81 81»
Pw Cp C 4'as 59 B_ 65 85 65*
Pub Ser N J 6s ctfs .. 149 149 149*
Pug 8d P A L 5'as 49 .. 96% 96% 96%
Pug 8 P A L 5s 50 C 95 94% 9,V
Pu S P A L 4%s 50 D 91 90’, 91'
Safe H Wa 4%s 79... 106% 106% 106%
Scripps 5%s 43 ... 101V, 101V« 101%
Scullin 8teel 3s 51 ... 59 59 39'
fhw WAP 4%s 67 A... 71 71 71
hw WAP 4%s 70 D_ 71% 71% 71%
S E PAL 6s 2025 A ... 112V; 112 112,
Sou Cal E 3%s 60 . 108% 107% 107<l
Sou Cal E 3%s 60 B 108V. 108V. 108V.
Sou Caro 5s 57 103 103 103,
S Coun G of Cal 4%s 68 105% 105% 105%
8ou Ind Ry 4s 51... 41% 41% 41%
Souw As T 5s 61 A_104V, 104% 104%
8ts OAE 6s 48 st ... 68v« 67% e?*
8td OAE 6s 48 ev st 68% 68 68%
8td Gas A El 6s 51 A. 69% 88% 69%
Stri Gas A El 6s 57 88’, 67% 67%
8td Gas A El 8s 66 B. 68% 68% 68%
Stand Pw A Lt 6s 57.. 68% 87% 68%
Texas Elec 5s 60 .. 105’. 105*; 105%
Tide Wat P 5s 79 A __ 96% 95% 95%
Twin C RT 5'/;* 52 A 62% 62 62 «
Unit Lt A Pw 5'as 59 106% 106% 106%
Unit Lt A Pw 8s 75 . 82 82 82™
unit ll,aVdV«4: sr r* U*
Utah P A L 6s 2022 A.. 97Va 97% 97%
Va Pub 8 5%a 46 A 102% 102% 102%
Va Pub Ser 5s 50B... 103% 102% 103%
West News U 6s 44.__ 51% 51 517
West Pa Tr 5s 80 ..110 110 llO"
Wis P A L 4s 88 . 107% 106% 106%
FOREIGN.
Lima City 6%a 58 ... 6% 6% 8%
Parana Brag 7s 58 12 12 12
Terni-Soc 6%s 53 A 22% 22% 22'4
ww With warrants. xw Without war*
rants, n New st (stpi Stamped
{Negotiability Impaired by maturity. *
United States Treasury Position
By the Associated Press. • t
The position of the Treasury July 5 compared with comparable date a year ago:
__ .. July 8. 1940. July 8^1939.!
Receipts- *31,938,113.87 #12,039.2884*
Expenditures- 32.013,103.64 21.894.792.16
Net balance- 1.829.219.335.01 2.772 520.153.88
Working balance Included_ 1.101.253.437.01 2.093.829,9714*
Customs receipts for month_____ 5 658.570.07 2.834 325.WB
Receipts for fiscal year (July 11_ 87 103.871.66 60.642.'572.I*
Expenditures --_- 239.728.522.61 297.311 853MS
Excess of expenditures_ 152.624 951.03 236.669.280®
Gross debt____ 48.066.336.382.64 40 578.11*.7o!fiJJ
Increase over previous day_ 1.691.718.67 .. -..ml
Gold assets___... 20.114,295,761.82 16,143.228.028.78

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Evening star. [volume], July 08, 1940, Page A-13, Image 13
About Evening star. [volume] (Washington, D.C.) 1854-1972