D. C. Life Insurance Sales Up 18 Per Cent From June Year Ago Half-Year Volume Also Slightly Above Record for 1939 By EDWARD C. STONE, Details from the June report of the Life Insurance Sales Research Bureau at Hartford disclose that sales in Washington reached $6, 565,000. as compared with $5,481,000 a year ago in the same month, a gain of $1,084,000, or 18 per cent. This was by far the largest volume of new business written in any month in 1940. Life insurance sales in the Capital In the first six months of this year totaled $32,490,000, against $32, 052.000, or a fraction of 1 per cent ahead of 1939, although the Hartford report calls business the same as last year. The 18 per cent advance in Wash ington compares with a gain of only 4 per cent in the whole country in June, when sales totaled $553, 086.000. A national drop of 3 per cent occurred in the six months when new policies reached $3,290, 870.000. The South Atlantic section reported a June rise of 12 per cent, and a half-year move of 1 per cent, the best sectional showing in the United States. Comparisons With Last Year. So far in 1940 sales in Washington compare as follows with the corre sponding months in 1939. 1940. 1939. January .$4,671,000 $7,183,000 February . 4.624,000 4,628,000 March -. 5,031,000 5,240,000 April . 5.760,000 4.684,0001 May___ 5.839.000 4,836,000 June . 6,565,000 5.481,000 Virginia scored a better gain than the District of Columbia, a total of $8,731,000 in new policies, being 23 per cent ahead of last year. Vir ginia's half-year sales reached $45, 485.000, a rise of 4 per cent over last year. Maryland was also one of the lead ing States, reporting a 16 per cent June gain on a new policy volume of $9,248,000. Business in the half-year amounted to $48,745,000, off 2 per cent from the like 1939 period. West Virginia enjoyed a substan tial 11 per cent gain in June, volume reaching $4,353,000. while policies in the first half-year totaled $27,891,000, wuthin 6 per cent of the figure a year ago. On an $8,000,000 total. North Carolina wras up 1 per cent in June, w-hile South Carolina, on a total of $4,032,000 in June, was up 4 per cent. Among leading cities, St. Louis reported a June upswing of 19 per cent. Cleveland matched Washing ton with an 18 per cent upturn and Los Angeles boosted business by 12 per cent, the monthly review concluded. Further Prosperity Forecast. A. M. McLachlen, president of the District Bankers’ Association, today predicted further substantial growth in prosperity in the Capital as a result of the recent increase in population reported by the Bureau of the Census. The growth in population of the District of Columbia to an all-time high figure of 663,153, as shown in the recent census report, will un questionably result in greater busi ness activity and prosperity, he said. Banks will share in the increased activity and are prepared and anxious to do their part in meeting the requirements of a growing com munity. Deposits will continue to increase and there will be a greater demand for loans of all kinds bs well as for the many other services rendered. Building and general trade vol umns should expand and this sub stantial and probably continuing growth in population in the District should mean greater prosperity in all lines of mercantile business, Mr. McLachlen concluded. Condition Reports Published. Condition reports of 21 of the 22 Washington banks and trust com panies, which appeared in The Star, following the Controller of the Cur rency's recent call, dated June 29, 1940. have been assembled and pub lished by The Star in pamphlet form. The booklet includes an analysis of the banking situation in Wash ington and pictures the very sharp deposit gains in recent years, an increase of more than $60,000 000 in the past year alone. Reasons for the steady deposit growth are also presented. The booklet, which is published after every bank call, has Droved very popular among bank officials as well as with a host of business men and investors. Copies are avail able on request to the advertising director of The Star. Southern's Earnings Gain. In the first/ five months of 1940 the Southern Railway earned 78 cents per share on the 5 per cent non-cumulative preferred stock, compared with a net loss of $593,391 in the first five months of 1939. Holders of American Telephone & Telegraph stock received the sec ond-quarter dividend checks this week, for $2.25 per share. At the same time the company announced a gain of 449,000 telephones in the first half year, against 370,000 a year ago. The Washington office reports that directors of the Home Life Insur ance Co. of New York have elected two new directors, N. Baxter Jack son, first vice president of the Chem ical Bank & Trust Co., New York, and Walter Hoving, president of Lord & Taylor. B. C. Marbury, Washington rep resentative of the Lincoln National Life Insurance Co., ranked fifth among 1.500 salesmen in the amount of new business paid for in June on the lives of old policyholders. General Electric’s stockholders on June 20, record date for the July 25 dividend payment, totaled 211,117, an increase of 1,137 over the number in June, 1939. Exchange More Active Today. In more active trading on the Washington Stock Exchange today, Washington Railway & Electric 4s registered a $2,000 transfer at 108, up half a point. Georgetown Gas 5s appeared on the board for the first time this year, a $500 bond moving at 116. Potomac Electric Power 6 per cent preferred stock figured in a small sale at 113 and 50 shares of Capital Transit changed ownership at 12 Vi. Washington Gas common and Riggs National preferred are now being quoted ex-dividend. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE By Private wire Direct to The Star. Prev. 1940 Stock and Sales—' B«t. High. Low Dividend Rate. • Add 00. High Low. Close, ehce. 62% 34% Acme Steel (3)_ 2 44% 44% 44%+% 9 4% Adams Express .16a 6 6% 6% 6% 27% 16% Adams-Miliis (1)._ 1 18% 18% 18%-% 19% 12% Addressograph .95s 2 13% 13% 13% 68% 36% Air Reduction (la). 7 41% 40% 40%+% 7 4 Alaska Juneau .60— 9 4% 4% 4% 1% % Alleghany Corp_ 6 % tt % 14% 6% Allegh y $30 pf ww. 6 9% 8% 8% - % 12% 4% Alleghany pf xw __ 2 7% 7% 7% — % 17% 7 Alleghany prior pf. 1 12% 12% 12% 26% 16% Alleg-Ludlum 60e. 11 22% 22 22 - % 12% 6% Allen Indust .50e . 3 8% 8% 8% + % 182 135% Allied Chemical (6) 3 147% 146 147%+2% 16% 10 Allied Mills ,75e_ 9 11% 11% 11%+% 9% 4% Allied Stores_ 10 6% 6 6% + % 41% 21% Allis-Chalmers .60s 8 31 30 30%+ % 21 12% Am AgrCh Del .60* 2 14% 14% 14%+% 75 41% Am Airlines_ 15 60 58% 58% -1 12% 6 Am Bank Note_ 6 7 7 7 9% 6% Am Bosch _ 1 5% 5% 6% 45% 28 Am Brake Shoe .70s 1 34% 34% 34% + % 116% 87 AmCan (() ... 6 95 94% 95 — Vi 33% 18 Am Car & Foundry. 11 25% 24% 24% — % 51% 34 Am Car & Fdry pf.. 1 42% 42% 42%+ % 23% 13% Am Chain & C 80e.. 7 18% 18% 18%-% 9% 5% Am Colortype .25e.. 1 6% 6% 6% + % 15V* 8 Am Crystal Sug.25e 2 9 9 9 — % 28% 10% Am & F P 1% pf.70k 1 16% 16% 16% + % 50% 23 Am-Hawailan (la). 3 27 26 26 -1% 6% 3 Am Hide & Leather. 2 4% 4% 4% 66)* 45% Am Home Pr 2.40... 2 54 53% 54 +1% 3% 1% Am Ice .. ... 1 2% 2% 2% + Vi 6% 3 Am International_ 4 3% 3 3 22% 10 Am Locomotive_ 3 13% 12% 12% — % 63 38 Am Loco pf (Ik)_ 1 45% 45% 45% — % 14% 10 Am Mach & Fy 80.. 1 12% 12% 12% 26 20V* Am News (1.50) ..300s 21 20% 20% -1 6% 2 Am Power & Light. 9 4 3% 3% - % 54 28% AP&L J5 pf 2.8125k 5 44 43% 43%-% 63% 34% AP&L $6 pf 3.375k 1 51% 51% 51%+% 10% 4% Am Radiator 12 5% 5% 5% + % 163 135 Am Radiator pf (7) 10s 145 145 145 17% 9% Am Rolling Mills 11 11% 11% 11%-% 70 48% Am Roll Mpf 5.125k 1 59% 59% 59%-% 12% 7 Am Safety Raz .80.. 9 8% 8 8% 11% 5 Am Seating (.50g)_. 2 7% 7 7% + V» 37% 23 Am Ship Bldg (le).. 40s 28% 27% 28%+% 54 30% Am Sm & Ref 1.60e. 2 36 36 36 + % 33% 19% Am Steel Fdry 60e. 4 24 23% 24 23% 12% Am Sugar Refining. 1 13% 13% 13% + % 175% 145 Am Tel & Teleg (9). 12 161 160 160%+% 89% 69 Am Tobacco (5) 1 75% 75% 75% — % 91% 70 Am Tobacco!B)(5) 5 77% 77 77 -% 5% 2% Am Type Founders. 2 3% 3% 3% 12% 5% Am Water Works . 14 9% 9 9 — % 101% 83% Am W W 1st pf (6). 3 90% 90 90% +1 12 6 Am Woolen . 16 9% 8 9 — % 52% 25% Am Woolen pf (Ilk). 9 40% 38% 38% — % 8% 4% Am Zinc & Lead _ 1 5% 5% 5% 32 18 Anaconda ( 75e) .. 53 19% 19% 19%-% 112% 107 Anchor H G1 pf (5). 10s 111% 111% 111% + % 15% 8 Andes Copper .50e . 1 8% 8% 8% + % 110% 97% Armour (Del)pf<7). 1 102 102 102 7% 4 Armour (111) _. 4 4% 4% 4% - % 64% 35 Armour (111) pr pf. 2 41% 41% 41% — % 43% 22% Armstrong C’k 50e. 1 29% 29% 29%+ % 11 6% Arnold Const .50e_. 1 8% 8% 8% + % 45 29% Assoc Invest (2) __ 2 31 30% 30% — % 25% 13 Atch T & Santa Fe 18 16% 16 16 - % 57% 39% Atch T& SFe pf(5e) 3 48% 48% 48%+% 23% 9% Atl Coast Line_ 4 12V* 12 12 27% 18% Atl Refining (1)_ 7 21V* 20% 20% - % 9% 7 Atlas Corp (,25e)._. 7 7 7 7 " 51 43% Atlas Corp pf (3)... 1 46% 46% 46%+ % 8% 4% Aviation Corp ... 13 5% 6 5 19% 12% Baldwin Loco ctfs.. 17 15% 14s; 14% — % 6% 2% Balto&Ohio _ 2 3% 3% 3%+% 8 3% Balto&Ohiopf_ 2 4% 4% 4% 14% 7% Bangor&Aroostook. 2 8% 8% 8% + % 52% 34 Bangor&Ar pf (5). 10s 39% 39% 39% - % 16% 8% Barber Asphalt 50e 2 10 9% 9% + % 13% 7% Barnsdall Oil ,30e._ 2 8% 8 8 - % 36% 20% Bayuk Cigars 60e.. 1 26% 26% 26%+ % 35% 18% Beatrice Cre (la)... 3 23s* 23% 23%+ % 9% 7% Belding-Hem 40e . 1 8% 8% 8% + % 36% 24% Bendix A viat-n( le) 31 28%. 28 28 - %. 22% 17% Beneficial Loan 90e 3 18% 18% 18% 89% 63% Beth Steel 2 25e 47- 78% 76 76% -1% 22% 15 Black & Decker (1) 3 17% 17%. 1714 11% 5% Blaw Knox . 4 7% 7% 7.% _ 80 54 Blumenthal (S) pf. 40s 62% 62% 62% 28s; 12% Boeing Aeroplane . 26 14% 14% 14% — % 29% 19% Bohn Alum n 5(>e . 2 22 21% 21% 29% 19 Bond Stores (l.fiO). 5 24% 24% 24% — % 24'* 17 Borden Co <60e) _. 4 19% 19% 19% — % 25% 12% Borg-Warner 60e . 4 16 15s, 15% - % 7 4% Brewing Corp (.60). 3 5% 5% 5%+ % 23% 13% Briggs Mfg le) _ 16 17% 17% 17% - % 24% 13% Bklyn-Man Transit 15 23% 22% 22% — % 3% 1% Bklyn & Queens 1 3% 3% 33, 25% 13Vi Bklyn Cn Gas Toe). 1 18% 18% 18%+ % 29% 14s* Rrunswtck-B .75e . 4 19 19 19 10% 6% Bucyrus-Erie (.25e) 6 7% 7% 7% + % 111 97 Bucyrus-Erie pf (7) 20s 103 103 103 6% 3 Budd Mfg - 11 3% 3% 3% - % 44% 21 Budd Mfg pf.. ... 80s 35 33% 33% - Vi 6% 3% Budd Wheel (,20e)_ 3 4% 4% 4% 33V* 20 Bullard Co (.75e) .. 2 27 27 27 - % 33 17% Bulova Watch (2a). 2 27% 27 27% + % 21% 12V* Burlington M (1) 13 16% 16 16%+ % 12% 7% Burr's Add M (,30e) 6 7% 7% 7% 5U 2 Bush Terminal _ 6 2% 2% 2% — Vi 13% 5% Bush T Bldgs pf 70s 6% 6% 6% + Vi 7% 4% Butler Bros (,15e) .. 15 5 5 _ % ^■>■4 ii» Biuier tiros pi l.au. 2 20% 19% 19%+ % 13% 6% Byers lAml Co ... 1 7% 7% 7% 26% 14 Calif Packing (1 >_ 1 19 18'i 18% - % 1% 1 Callahan Zinc 8 1 1 1 8% 4% Calumet & Hec 75e. 2 5% 5% 5% 19% 11 Campbell YVy 65e.. 1 12% 12% 12% + % 6i» 2% Canadian Pacific_ 14 2% 2% 2% 75 39% Case (Jl) Co .... 1 50 60 50 +2% 56% 42% Caterpillar Trac(2) 6 48% 47% 48 +1% 35% 20 Celanese Corp (la). 46 29% 28% 28% - % 119 105% Celanese pr pf (7) 10s 117 117 117 72 48 Celotex Corp pf (5) 20s 53 53 53 +2 26% 17% Cent Aguirre 1.50__ 2 17*4 17% 17% — a* 3% 1% Central Foundry __ 2 1% 1% 1% — % 41% 22% Cerro de Pasco (3e) 2 26 25% 25% — % 8% 3% Certain-teed _ 3 4% 41* 4% 36% 15% Certaln-teed pf 450s 23 21% 21% —1 30% 17%. Champ Pap & F ,40e 1 22 22 22 + % 4% 3% Chesapeake Corp(r) 14 4 4 42% 30% Ches & Ohio (2.50) _ 19 37% 37 37 — t; 2% % Chi Grt West pf (r) 8 1 1 1 6% 2% Childs Co . ... 2 2% 2% 2% 91% 53% Chrysler Corp 2.50e. 21 67 65% 65% -1% 114% 108 Clev El Ulu pf 4.50. 40s 112% 112 112 - % 41% 25% Climax Molyb 1.20.. 5 28 27% 27% 45% 25% Cluett Peabdy (le). 8 34% 34 34 — 14 24 12% Colo Fuel & Iron _ 1 16 16 16 +1 26% 16 Columb B C(A).90e. 4 19% 19% 19% - % 7% 4% Columb G& El 20e. 18 6 5% 57, _ % 93% 67% Col G&E pf A (6) . 2 84 84 84 -1% 79 59 Columb G&E pf (5). 10s 70% 69 70% +3% 98% 71 Columh’n Carb (2e) 1 79 79 79 9-1 48 27% Cornel Credit (3)... 4 28% 28% 28% - % 56 32 Cornel InvTr HI . 3 351,4 35 35 _ 113 97 Cornel Inv T pf 4.25 1 102 102 102 +1 16% 8 Cornel Solvents _ 13 9% 91,4 91* 33 25% Comwlth Ed (1.SO). 37 31 30% 30*,— 14 1% % Comwlth & South’n. 47 1% ji/4 l»4 — 1, 73% 42 Comwlth & S pf (3) 1 61% 61% 61% -1% 24% 14 Congoleum (1)_ 4 17 17 47 _ 31% 17% Consol Aircraft_ 4 21% 20% 20% — % 95 75 Consol C pr pf 6.50.. 10s 84% 84% 84% 9% 4% Consol Cop M .16e_. 7 5% 5% 5% -r % 32% 23 Consol Edison (2).. 9 28% 28% 28% + % 110% 97% Consol Edis pf (6) . 1 107 107 107 10% 5% Consol Film pf 50k 1 6% 6% 6% - 1. 4% 2% Consol Laundries _ 1 2% 2% 2% 8% 5% Consol Oil (.SO) _ 10 6% 6% f % 2% 1 Consol RRCubapf. 1 1% 1*^ 1 :k 4% 2% Consolidation Coal. 1 2% 2% 2% 19% 9% Container Corp ,75a 1 13% 13% 13% _ ^ 15% 7% Conti Baking (A)4 9% 9 9 1% % Conti Baking (B) .. 2 ’ % 74 74 97% 70 Conti Baking pf (8) 1 80 80 80 +3 49% 33 Cont’l Can (1.50e) .. 4 39% 39% 39%+% 9'* 4% Conti Diamond .25e 1 6% 6% 6% + % 4% 2 Conti Motor _ 22 3 2% 2% — % 25 16% Conti Oil (.50e)- 6 18% 18% 18% - % 33 18% Gontl Steel (,50e) . 1 22% 22% 22% — % 25% 15% Coppertveld Stl .fine 4 18% 18 18 — % 70 47 Copperweld pf 2.50. 3 54% 54 54 61% 41 Corn Exchange (3). 20r 51% 51% 51V, + % 65% 44% Corn Products (8).. 3 50'% 49% 50% — Vi 7% 4 Cotv Ino (,25e)_ 10 5% 5% 5% 24% 13 Crane Co _ 10 15 14% 1474 105 75 Crane Co cv Df (6). 80s 90% 90% 90% 38% 18% Crown Cork & Seal 4 22% 22% 22% + % 45 37 CFn C&S pf ww 2.25 50s 36 36 36 -1 21% 12 Crown Zeller (le).. 19 14% 14 14 _ 14 95% 75 Crown Zeller pf(5). 10s 90 90 90 + % 43% 25 Crucible Steel _ 3 30 29% 29% - % 8% 3% Cuban Am Sugar__ 6 4% 4% 4% 17 9% Cudahy Packing- 1 10% 10% 10% + % 4% 2 Curtis Publishing.. 2 2% 2 2 — % 51 31 Curtis Pub pf (2k). 3 39% 39 39 11% 6% Curtiss-Wright _ 68 7% 7% 7% 32% 21% Curtiss-Wr (A) Is. , 6 24% 24% 24% - V, 22% 14% Cutler-Hamm’r 50s 2 19 19 19 + y4 8% 3% Davison Chemical.. 1 4% 4% 4% 23% 13% Deere & Co _ 2 15% 15% 15% — % 23% 8% Del & Hudson_ 2 12 11% 11% — % 5% 2% Del Lack & Wn _. 4 3% 3% 3% 125% 98% Detroit Edison (5e) 1 115 115 115 +2% 23Vi 12% Devoe & Kay A 25s. 100s 12% 12% 12% - '% 20 12% Dlstlll-Seagr <2)_ 4 15% 15% 15% 23% 11% Dome Mlnss (2) 5 131* 13% 13%+ % 94% 65% Douglas Air _. 5 30% 30 30 - % 41% 25 Elec Auto-L 1.60e._ 6 32% 32% 32% + % 18% 10% Electric Boat ,40e„ T 14 13% 13% — v« 1% % Electric & Music_ 1 Hr Hr * - Hr 8% 3 Elec Pwr & Light.. 27 6% 6% 5% - % 31% 15% Elee Pwr & Lt 86 pf 17 31% 30% 30% — % 36% 18% Elec Pwr & Lt $7 pt 41 35 33% 33%—% 1% % Elk Horn Coal_ 1111 41% 26 El Paso Nat G (2)_ 1 32% 32% 32% — % 12% 5% Eng Pub Servlc#._ 12 9% 9 9 + % % % Eqult Office Bldg.—. 2 % % % — % .1% % Erls RR tr)__ 11 1 1 + % Prev. 1840 Stock and Halts— Mat. High. Low. Dividend Rate. Add 00. High. Low. Close, chge. 11% 5 Evans Products.—. 2 6% 6% 6% 84% 20% Ex-Cell-O < le)_ 2 30% 80% 30'% 49% 29% Falrb’ke Hornet la) 5 39 38% 38% +1 25 15 Federat DepStde). 3 18% 18 18% + % 95 79 Federat’d DS pf 4.25 1 91 9L 91 +6 40% 27% Fidelity Phoe 1.60a. 4 35% 35 35 + % 21% 12% Firestone Tire ,76e. 2 14% 14% 14% + % 21% 10% Flintkote llgl 6 13% 13% 13%+% 38% 24% Florence Stove (le) 2 28% 28% 28% + % 35 18% Food Mach (,60e)_ 3 22 21% 22 -% 21% 9% Foster Wheeler 1 13% 13% 13% - V* 88% 24% Freeport Sulph (1). 1 31 31 31 2% 1% Gabriel (A) _ 12 2 2 20 10% Gatr (Robert) pf 1 1274 1274 12%+% 18% 12 Gamewell Cod.SOe) 130s 16 15% 16 + % 105% 97 Gannett Co pf (6),. 20s 100 100 100 7% 3% Gen Am Invest 2 4% 4% 4% 67% 35% Gen Am Trans 1.25e 7 45% 45% 45% + % 8% 6% Gen Baking (.30e).. 6 7 6% 6% - % 1174 4% Gen Cable 6 5 5 5 + 74 1974 12% Gen Cigar (,50e)_ 2 16% 16% 16% + V, 117% 102 Gen Cigar pf (7>.__ 40s 106% 106% 106% 41 26% Gen Electric (.70e). 63 32 31% 31% + % 49% 36 Gen Foods (2) _ 6 43 42% 43 118% 111% Gen Foods pf (4.50) 1 113% 113% 113% - % % V* Gen Gas* El (A)._ 4 ft ft ft, - ft 101 77% Gen Mills (4a) .. 1 88 88 88 -1 56% 87% Gen Motors tl.75e). 89 44% 43% 43%-% 127% 116 Gen Motors pf (5).. 1 125 125 125 -% 7% 3% Gen Outdoor Adv... A 4 4 4 1% % Gen Public Service. 1 % 74 % 1974 9% Gen Rwy Signal _ 2 11% 1174 11% # % Gen Realty & Util.. 2 ft ft ft 33% 20 Gen Refractor 50e. 7 23% 22% 23% - V« 15'4 1074 Gen Shoe (.80e)_ 3 10% 10% 10%-% 31% 14 Gen Steel Cast pf .. 210s 22 21V* 2174- % 24% 16% Gen Telephone 1.20. 2 18 18 18 -74 23% 1374 Gen Time Inst .75e. 1 18 18 18 +2 23% 10% Gen Tire* R 60e .. 4 12% 12% 12% - % 6% 4 Gillette Saf R (.60). 3 4% 4% 4% - % 5 1 74 3 374 Gillette S R pf (5).. 2 35% 35% 35% - 74 9 4% Glmhel Bros _ 6 5% 6% 5V* — % 19% 11 Glidden Co (.30e)_ 5 12% 12% 12%-% 4% 2 Gobel (Adolf, _ 2 2% 274 2V* 3% 2 Goebel Brew (.20).. 8 2V* 2V4 2'/* 20% 10 Goodrich (BF) .. 2 12% 12% 12%-% 24% 12% Goodyear T&R ,75e. 6 15 14% 14% IV* % Graham-Palge _ 6 % % % 9% 4% Granby Consol .60e. 8 5‘4 5 6 — % 36% 26 Grant (WT) (1.40). 5 32% 32 32% + % 25 2lVi Grant (W T)pf(l).. 1 25% 25% 25% + 74 28% 15V* Great North n pf __ 29 24% 23% 23% - V* 18% 11% Grt NorOctfs 75e_ 2 14% 14% 14%-% 29't, 18% Great Wn Sug (2).. 3 21% 21% 21%-% 35% 23 Green (HL) ((2a>„ 4 2974 28% 28% - % 17% 974 Greyhound (1) .. 9 11% 11% 11% 12 9 Greyhound pf (.55). 1 10% 10'* 10% + V* 25% 14% Grumman Aire .508 11 17% 16% 17 -% 3% 1% Guantanamo Sugar. 1 1% 174 174 4 2 Gulf Mob & Northn. I 1% 1% 1% - V* 37 30 Hack Wat pf (1.75). 10s 32 32 32 28% 16% Harb-Walker (.SOe) 4 2U4 21 21 -74 9% 5% HatCorp (A) SOe. 1 5% 5% 5% 4% 2% Haves Mtg Corp _. 7 2% 2% 27* 113% 89% Hazel-AtlasG! <5). i 9I 91 91 _2 21% 12% Hercules Mot ,50e . 3 14 13% 13% -l 100% 76% Hercules Pow 1.20e 9 81% 81 81 +1 133%. 127% Hercules P pf ,6, . 20s 127 127 127 -2 35% 19 Holland Furn (le).. 2 25% 25 25 — % 60% 35 Homesiake 14.50, 22 89T* 39% 39% — % 16V* 8% Houd-Her (B) .75e. 9 10% 107, 10% 71%. 54% Household Fin (4a) 1 56 56 56 — % 50% 28% Howe Sound (3) _ 3 29% 29 29 27 12 Hudson Bay (le)_ 1 14:, 1474 14;4 6% 3 Hudson Motor__ 5 4 3:4 3T* — % 1 74 Hupp Motor_ 5 74 !v Vs 13% 5% Illinois central .. 3 7% 77* 7% - % 43% 31 111 Cent lsd linesd) 10s 40 40 40 +% 9% 5 Indian Refining 14 6% 5% 6% + % 118 72 Ingersoll-Rand (2e> 2 87 87 87 +2 15% 7% Inspiration Copper. 3 8:» 8% 87* + % 6% 4% Insurshares (.10e). 2 6% 5% 5% 574 2% Interboro K T (r)_ 6 274 2% 2% 1274 6% Interlake Iron_ 3 8 8 8 — 74 2% 1 lntl Agricultural..j 7 1% 1% 1% + 74 191% 136 lntl Bus Mach (6a). 4 143 142 143 62'* 38 lntl Harvester 1.R0. 4 43% 43 43 — % 171 145 lntl Harvest pf (7). 1 165 165 165 +3 57* l'» lntl Hvdro-EI (A).. 6 2% 2% 2% - % 14% 6% lntl Mercantile Ma. 4 6% 6%. 6% — % 38% 19% lntl Nickel Can <21. 24 23% 23% 23% 21V* 10% lntl Paper & Power 22 13% 12% 12% - 7, 73 40% lntl Pa&P pf 2.50e. 11 49% 48% 49 - Vi 56% 37 lntl RyCA pf 3.25k. 60s 38 38 38 367. 25 lntl Shoe <1.60, ... 2 29% 29% 29% - Vi 4% 1% lntl Tel & Teleg 8 2% 27, 2% 10% 4% lnterstaie Debt Str. 2 6% 6% 6% 17 9 Jarvis dVB) ,75e_. 3 10% 10% 10% + 74 52 34% Jewel Tea (2.40, 1 43% 43% 43%+ 74 77% 44 Johns-Manvllle 75e 2 56% 56% 56% +1 75 48% Jone & Lau pf (2k)_ 3 74% 7f 74% 20 11 Kans City Sou pf_ 1 14 14 14 17% 8% Kelsey-Hayes *A)_ 5 12% 12% 12% 9% 4% Kelsev-Haves (B) 1 57* 574 5% + *4 38% 24% Kennecott Cop 1.75e 60 26 25% 25%+ 74 14% 10 Keystone Steel 50e. 3 1174 117* 1174 + % 46% 27% Kimberly-Clark la. I 34 34 34 + 74 317* 17% Kinney (GR) J5 pf. 20s 23% 23% 23%+% 26 1974 Kresge (SS) 1.20a.. 3 2 3 227* 23 + % 29% 23% Kress *.. 4 iy « iy<» iya + y* 29 184 Lerner Stores (21 . 1 23% 23% 23'% 53% 30 Libbey-Otv-F 1.50e. 10 39% 37% 39 +1% 9% 5 Llbbv McN & Lib .. 20 6% 6% 6% + % 109 87 LIgg & Myers (4a). 2 96 95% 96 109% 87 Line ft MyerslB >4a 5 99% 98% 98% — % 41 27 Link-Belt (1) 1 34 34 34 + *, 14% 9 Lion uti Ref (1) 2 9% 9% 9% - % 18% 10% Liquid Carbonic (1) 1 13% 13% 13%-% 41% 224 Lockheed Alrc_ 15 26% 25% 25% — % 37% 20% Loews Inc (2)_ 3 24 23% 23% - V* 394 15% Loft Inc _ 271 25% 23 23% -1 46% 29 Lone Star Cmt 1 21% 21% 21%+ % 94 5 McGraw-Hill ( 30e) 1 7 7 7 +1% 47% 26 McIntyre Pore (2a). 1 28 28 28 + 4 12% 54 McKeesport Tin ... 2 7% 7% 7% 8% 4 McKesson & Rob_ 8 4% 4% 4% 32% 17% McKesson* R pf.. 1 22% 22% 22%+% 14% 7% Mead Corp 1 8% 8% 8% 34% 24% Melville Shoe (2)_ 8 29% 29 29 + % 26 114 MengelCo5% pf... 20s 154 154 154 — % 28% 11% Merch & Mtn Trans 1 12% 12% 12% + % 32% 24 Mesta Mach (1.50e) 2 28 27% 28 + % 17% 11% Mid Cont Pet (,40e) 4 13% 12% 12% - 4 40% 23% Midland Stl P(le)._ 1 304 304 304 -4 122 103 Mid Stl 1st pf (8) 30s 115 115 115 +% 64 334 Mlnn-Hon Ros (2a) 1 36% 36% 36% 110 95 Mlnn-Hon pf B (4). 80s 103 103 103 11 7% Mission Corp l.65g) 1 8% 8% 8% - % 1% % Mo-Kan-Texas_ 1 % % H 119 86% Monsanto Cb (2) ... 5 91 90% 90%-% 121% 113% Monsanto pf B 4.50. 10s 121% 121% 121% 56 31% Montg Ward 2.25s .. 7 404 40 40 30% 21% Morris & Es (3.875) 80s 24% 24% 24% 16 8% Motor Products.50e 3 10% 10% 10% — *4 18% 12 Motor Wheel (1 60) 7 15% 15 15%+% 26% 15 Mueller Brass ,50e. 4 18% 184 .184 -% 39 20 Mullins Mfg pf ... 90s 254 25 254 +14 15% 84 Munslngwear .25*.. 1 124 124 124 + 4 84 4 Murray Corp__ 4 5% 6% 5% 7% 3% Nash-Kelvlnator.„ 6 44 44 44 + % 21% 13% Natl Acme (,25e)__. 19 18% 18% 18%+% 7 5% Natl Auto Fib ,55e . 6 6% 6% 6% 8% 7% Natl Auto Fib pf .60 2 84 8% 84 164 9 Natl Aviation 25e . 6 10% 10 10 24% 16% Natl Biscuit (1.60). 10 19% 194 194 -4 19 16 Natl Bond & Inv(l) 2 13 13 13 -4% 18% 11% Natl Dairy I 80) . 10 14 13% 13% 114 107 Natl Dairy pf B(7). 10s 112 112 112 6% 3 Natl Dept Stores... 2 4% 4% 4% - % 26% 17 Natl^Distillers (*).. 9 21 204 20% - V* 12V* 5Vi Natl Gypsum . - 8 6% 6% 6% — % 96 66 Natl Gyps’m pf 4.50 1 73 73 73 +3 22% 14% Natl Lead (.60) 7 16% 164 16% 148% 132 Natl Load pf (B)(6) 120s 139% 138% 139% +lVi 8% 5% Natl Pwr & Lt 60__ 2 7% 7% 7% - 4 73% 48 Natl Steel (,50e)_ 2 58% 684 584 -4 9% 4% Natl Supply 2 6 6 6 —4 14% 8 Natl Supply $2 pf— 5 9% 9% 9% 8% 3% Natl Tea Co _ 3 5% 5% 5% - % 10% 9% Nehl Corp (.50)_ 1 104 104 104 + 4 14V* 6% Newport Indus ... 1 7 7 7 60 304 N Y Air Brak 1.60e. 3 40% 40 40% + % 18% 9V* N Y Central ... 46 12% 11% 11% - 4 39 15 N Y Chi * St L Df .. 8 25 24 24 - % 66 45 N I Lack* Wn (5). 90s 52 51% 51% - V* % % N Y N H & H (r) — 12 ft ft ft-* 2 % N Y N H * H pf (r). 9 % % % 26% 134 N Y Shtpbllding .. 10 21% 21 21 - % 2264175 Norfolk & Wn (10) 1 200 200 200 +2 26% 15 Nor Am Avlat’n.BOe 11 16% 16 16 - % 23% 14% Nor Am Co (1.20) 23 20% 20% 20% 58 474 No Am 6%% pf 2.875 4 55 54% 55 + % 59 47% No Am Co 6% pf (3) 1 57 57 57 -1 94 4% Northern Pacific . 15 6% 6% 6% - % 113 101 NoFn Sta Pw pf(5). 1113 113 113 +% 164 14 Norwich Pharm (1). 2 144 144 144 -.% 8% 5% Ohio OH (,20e). 10 6% 6% 6% - 4 234 104 Oliver Farm Equip. 3 144 14 14+4 18% 11% Otis Elevator .35*.. 4 12% 12% 12%+% 12% 7 Otis Steel _ 3 8% 8% 8% - % 64% 42 Owens-Ill G1 (Is).. 3 504 50 504 + % 10% 4% Pac Am Fisneries.. 2 5% 5% 6% — % 23% 8 Pao Coast 1st pf_ 30s 9% 9% 9% + % 34% 25% Pac Gas* El (2).— 7 29% 28% 29+4 139 115 Pac Tel & Tsleg (T) 50*118 118 118 74 2% Pac Tin Consol .40e. 3 4 3% 4 + % 84 6% Pao Western 0.40*. 1 5% 5% 5% + 4 4% 24 Packard Motor .. 33 3% 3% 3% 254 12 Pan-Am Airways .. 6 14 14 14 8% 44 Paramount Pic .15*. 14 5 6 5 444 324 Parke Davla (1.20e) 5 33% 334 33%+% 1 Prev. 1940 Stock and Salta-. Nat. Ht*h Low Dividend Rate Add 00. Hlah. Low Cloae. ch«* 22% 13% Parker Ruat (la).. 1 18% 18% 18% + % 12% 5% Pathe Film _ 2 8 7% 7% - % 10% 5% Patino Mine*_ 1 6% 6% 6%-% 62% 45 Penlckft Ford (*).. 2 49% 49% 49% - % 86% 71 Penney (JC) l.SOe.. 5 79% 79% 79% + % 24% 15 Penn Railroad .60*. 24 20% 19% 20 29% 11% Pere Marquette of.. 50s 19% 19% 19%—% 8% 6% Petrol Corp (.85e).. 1 6% 6% 6% 40% 25% Phelps Dodge .75e .. 21 27% 26% 26%+% 47 37% Phils Co *% pf «*)_. 1 48% 4.3% 43% 85 70 Phlla Co pf (6)_ 1 82 82 82 +2 % % Ph||a ft R CA I (r)_ 2 % % % - -ft 97% 68 Philip Morris (Sal.. 2 78% 78% 78%+% 41% 27% Phillips Petrol <*)_ 7 82% 31% 32 10% 7% Pierce Oil pf 1 9% 9% 9% + % 7 3% Pitte Cool - 1 4% 4% 4% + % 9% 5V« Pttte Coke A Iron... 4 7% 7 7 8% 4% Pitts Screw (,30e)_. 9 6% 6 6 34% 16% Pitts Steel pf _ 1 1% IV, 1% - % 17 12% Univ-Cyclops .40e._ l 14% 14% 14% — % 112 59 Unlv Plctur 1st pf.. 10* 80 80 80 45 % % Vadsco Sales 1 % % % 43% 25 Vanadium _ 8 31% ,30% 30% — % 39% 22% Van Raalte (le)__ 3 26% 26 26%+ % 49% 35% Vick Chemical (2a). 1 .39 39 39 + % 31% 19 VictorChem f.60e). 1 24% 24% 24% +1% 4% 1% Va-CaroChem 1 2% 2% 2% 31% 14 Va-Caro Cham pf... 1 17% 17% 17% 15% 5 Va Iron CoalAC pf.. 10* 8% 8% 8%+2 35 28% Virginian R Df 1.60. 2 32 32 32 — % 23% 16% Walgreen (1.60) .. 2 20 19% 19% - % 101 89 Walgreen pf (4.50). 1 93% 93% 93% — .% 35% 18% Walker (H> (4) __ 8 23% 23% 23% + % 16% 10 Walker (H) pf (1)_ 2 12 12 12 6% 3 Walworth Co __ 7 .3% 3% .3% — yj, 25% 14 Ward Baking pf ._ 6 15V, 15 15 4% 2 Warner Bros Piet_ 5 2% 2% 2% 2 % Warren Bros (r)_ 3 1% 1% ]y, _ yj, 9 3% Warren Brcvpf(r) 1 7% 7% 7% 20% 13% Waukesha Mot(la) 1 15% 15% 15% — yy 110% 91 West PennEiA)(7) 20* 99 99 99 — yj 108 90 West Penn E pf (61 110* 102 101% 101% +2 115 96% West Penn E pf (7 ) 60* 107 106 107 ’ - % 40% 21 West'n Auto S (2).. 6 28% 27% 28% + % 28% 14% West'n Union Tel.. 3 18 17% 17*, _ »„ 28% 15V, Westh'se A B 50e . 12 21 20% 20% + % 118 76 Westhae Elec 1.75e 31 93 93% 93% -1% 37% 26 Weston El Inst (2)- 1 31 31 31 39V, 28% Westvaco pt < 1 50). 3 34% 34 34% 41 98 85 Wheel&D E pf 5.60. 120* 97% 97 97% + % 35% 18% Wheeling Steel .. 2 22 21% 21% — % 11% 8 White Dental (.60). 1 8% 8% 8% + % 13% 7% White Motor_ 1 9', 9% 91/, + % 11% 4% White Rock .. _ 4 8% 8% 8% - % 7% 3% White Sewing Men. 1 5% 5% 5% 3% 1% Wilcox Oil A G 10a. 1 2 2 2 + % 3% 1% Willys-Overland_ 5 2% 2% 2% — % 6% 3 WUlya-Overl'd pf_ 1 4% 4% 4% + % 7% 3% Wilson A Co _ 4 4% 4% 4% 27% 15% Woodward Iron_ 1 25% 25% 25% 42% 30 Woolworth 12.40).. 9 33% 32% 33% + % 24% 13% Worthington Pump. 2 17% 17% 17% - 129 91 Wright Aero (2g)-_ 10* 93% 93% 93% +2% 19% 9% Yellow Truck „ 7 12% 12% 12% — % 124 98 Yellow Tr'k pf (7). 10* 111 111 111 14 6% Young Spg A Wire 2 8% 8% 8% + % 48% 261, Ygstwn Sh & T .5Ue 12 34% 32% 32% -1 17% 8% Zenith Radio (le) . 1 11 11 11 — % Approximate Sales at Stocks on the N Y Stock Exchange 11:00 A.M- 140,000 12:00 Noon _ 210.000 1:00 P.M. 270.000 2:00 P.M -_ 31o!o00 Total Sales for the day, 380.000 Unit of trading. 10 shares. r In bankruptcy or receivership or being reorganized under Bankruptcy Act or securities assumed by such companies. Rales of dividend in the foregoing table are the annual dis bursements based on the last quarterly or semi-annual declara tion. Unless otherwise noted special or extra dividends are not included. x Ex dividend. xrExriahts. a Also extra or extras d Ac cumulated dividends paid last year e Declared or paid so far this year f Payable in stock, e Paid last year, h Cash or stock k Accumulgied dividends paid or declared this year Utilities Firm Picks General Counsel to Succeed Willkie Whiting Associated With Commonwealth & Southern Since 1912 , By the Associated Press. ! NEW YORK, July 17.—Justin R. Whiting was elected president and a member of the board of Common wealth & Southern Corp. at a meeting in Wilmington today, the company announced. He succeeded Wendell L. Willkie, who resigned to pursue his campaign as Republican nominee for the presidency of the United States. Mr. Whiting, born in Michigan and prominent in Michigan legal circles, has been general counsel for C. & S. He has been associated with the company, or its predecessors, since 1912. Mr. Whiting was a Democratic presidential elector from Michigan in 1932. His association with utilities be gan almost immediately after grad uation from the University of Mich igan in 1907 with the degree of LL. B. He began practicing law that year at Port Huron, but in 1908 he removed to Jackson, Mich., and as sociated with Sanford W. Ladd in representing the street railways of Southern and Western Michigan. He resided in Detroit from 1917 to 1921, when he became general counsel for the Michigan Electric Railways and returned to Jackson. In 1933 he became a member of the New York firm of Weadock & Whiting, counsel for the Common wealth & Southern. Whiting: “He’s Done Pretty Well.” WILMINGTON, Del., July 17 (/P). —Justin R. Whiting, elected presi dent and a member of the board of Commonwealth & Southern Corp. here today to succeed Wendell L. Willkie, told newsmen when asked what he thought of Willkie’s presi dential prospects: “Mr. Willkie always has done pretty well, and I guess he’ll con tinue to do so.” Willkie Lauds Whiling. COLORADO SPRINGS, Colo., July 17 OP).—Wendell L. Willkie said today that the Commonwealth and Southern Co., which he formerly headed, would be “in excellent and expert hands” undjr its new pres ident, Justin R. Whiting. Bethlehem Steel Sells $20,000,000 in Notes By the Associated Press. NEW YORK, July 17.—Bethlehem Steel Corp. has sold to 12 banks in New York and other cities $20,000, 000 of 3 to 10 year serial notes carry ing interest rates of 1 Vi to 2li per cent. Proceeds, it was understood, will be used to retire part of the com pany’s currently outstanding zy2 per cent debentures. Customs Receipts Compared Customs receipts in the first 13 days of July totaled $13,267,020, compared with $11,344,967 in the similar period last year. Variety Stores' Sales Keep Up Well in June By the Associated Press. The Commerce Department says sales of variety stores declined less than seasonally expected during June. Although actual sales were slight ly smaller than in May, the de partment’s index of these sales, on a seasonally adjusted basis, rose from 100.5 to 103.5 per cent of the 1929-1931 level. Compared with a year ago. June sales were 2'4 per cent higher. Washington Exchange SALES—AFTER CALL. Washington Railway & Electric 4s— $2,000 at 108. Georgetown Gas 5s—$500 at 116. Potomac Elec Power 6% pfd.—2 at 113. Capital Transit Co —50 at 12*4. BONDS PUBLIC UTILITY. Bid Asked Anacostla Sc Pot 5s 1949 _ ino'4 10214 Ana & Pot guar 5s 1949 __ 107 CaD Traction 1st 5s 1947. _ loi'a 102 City Sc Suburban 5s 1948 1001« 102 Georgetown Gas 1st 5s 1961 115 Pot Elec Pow 314s I960 106 _ Washington Gas 5s 1960 . 124 _ Wash Rwy Sc Elec 4s 1951 106 _ MISCELLANEOUS Col Country C 1st 4V«s 1957 lo;t _ Ter RI A W CD IsKVaS 1948 100 _ STOCKS PUBLIC UTILITY. Amer Tel Sc Tel (9i _ 160*, __ _ Capital Transit (t.25)_ 12 1314 N Sc W Steamboat 14)_ 55 70 Pot El Power pfd (6) 1 lit 115 Pot El fwr 5'4'V pfd (5.50) 11.1 Wash Gas Lt com (1.50).. *23 26 Wash Gas Lt pfd (4.50) . 104 105 Wash Ry Sc El com ig36) . 750 _ Wash Ry & El Pfd (5) 110 _ BANK AND TRUST COMPANY. Amer Sec & Tr Co (est __ 225 250 Bank of Bethesda (t75)._ 30 38 Capital (v4) _155 _ Com Sc Savings (ylO.00)_300 Liberty (6) ..._ 168 180 Lincoln (y5) ... 200 Natl Sav Sc TT (4 00) 195 220 Pr Georges Bk Sc Tr (t.60) 19 25 Riggs (c8) 240 270 Riggs pfd (5) .*100 _ Washington (6) 120 Wash Loan Sc Tr (e8)_ 225 _ FIRE INSURANCE American (t6> _ 110 _ Firemen’s (1.40) _ 2614 _ National Union (.75)_14 _ TITLE INSURANCE Columbia (k30>_ 14 IS Real Estate^ lm6)_ 160 _ MISCELLANEOUS Carpel Corp (2.00)_ 24 29 Garflnckel com (.70) 8*4 10 Garflnckel 6’r cu cv pf (1.50) 24 Lanston Monotype (2.00).. 26 30 Lincoln Serv com (H.00>__ 18 22 Line Sve 7% Dr Df (3 60)— 4614 53 Mergenthaler Lino (p.50) 15 16 Natl Mtge A Inv pfw (d.20> 3*4 4>/« Peop Drug com new (tl.OO) 1714 Real Est M * O pfd (.50). 514 614 Security Storage (6) ’83 _ Ter Ret A Wh Corp (3) 63 60 Wdwd A Loth com (s2.00) 40 52 Wdwd Sc Lothrop Did (7) . 112 •Ex dividend tPlus extras d 20c Paid June 15. 1940. e 2% extra g $14 00 extra paid December 23. 1939. k 20c extra m $1.50 extra. P 50c Paid September 20. 1038. s $2.00 Paid in 1939 t25c paid July 1. 1940 v $1.00 extra paid January, 1940. y $5.00 extra. • New York Produce NEW YORK. July 17 I/Pi-—Butter, 662. 052. firmer. Tubs, creamery, higher than extra, 27-27*4; extra (92 score), 2614-14: firsts (88-91), tubs and cartons, -25-2614; seconds (84-87). 23-24*4. Cheese. 289.762, auiet but Arm. Prices unchanged. Eggs. 30.951; weak. Mixed colors; Fancy to extra fancy. 10-23; extras, 1814; storage packed firsts. 1714; graded firsts, 16*4-17; current receipts, 16; mediums. 15*4: dirties, No. 1, 1514; average checks. 14-1414. Whites; (resale of premium marks. 2514 28): nearby and Midwestern premium marks. 2214-25; specials. 22; standards. 1814-*4; (resales of exchange to fancy heavier mediums. 2214-26); mediums. 22 Browns; Nearby fancy to extra fancy, 22-27. Nearby and Midwestern specials, 2114: standards. 18: mediums, 2114. Duck eggs: 18-20. 1 London Order Ends New York Free Market on Pound No Sterling Will Be Credited Except From Other U. S. Accounts By the Associated Press. LONDON. July 17.—The free mar ket price for the British pound in New York will virtually vanish as a result of a British order in coun cil issued today under defense regu lations. Effective tomorrow, quotations there will be brought to the official London level. The Bank of Eng land buys sterling at $4.02‘2, sells at $4.0312. The free rate in New York is currently around $3.76. In effect, free sterling will no longer be convertible into dollars, since no free sterling will be cred ited to American accounts except from other American accounts. Exact status of free sterling under the ruling, however, which was made available to the New York market over the week end, was not entirely clear. At the moment New York banks are cabling here for clarifica tion. When the market in the United States is celared of present holdings of free sterling, all business rela tions between the United States and Britain are expected to be conducted at the official rate. The order amending defense reg ulations said the steps were “taken in pursuance of existing policy of restricting use of free sterling as an international medium of exchange. “In particular, arrangements * * • have been made with th- co-oper ation of American banks for a sys tem of ‘registered accounts’ through which payments* in sterling can be made from residents in the sterl ing area to residents in the United States for transfer at the official rate and vice versa. “Sterling from these accounts will be available to pay for exports from the United Kingdom to the United States. Similar arrangements have been made with Switzerland.” Owing to the close co-operation between the British and Canadian equalization funds, the new regula tions will not have a direct official effect on Canada. Such Canadian trade as is worked through UUted States middlemen may be concerned to some extent. Libby, McNeill & Libby Declares 50c Dividend By the Associated Press. CHICAGO, July 17.—Libby, Mc Neil & Libby, canner and packer of foodstuffs, declared a dividend of 50 cents a share on common stock payable August 15 to share holders of record July 31. The dividend, voted yesterday by the directors, will amount to >1, 813,992 on 3,627,985 shares outstand ing and is the first dividend action on common stock since October, 1937. Earnings for the fiscal year ended March 2, 1940, amounted to >3,787, 237, or $1.04 a share. Unsettled conditions at that time made it $eem desirable to postpone the declaration of a dividend, the an> nouncement said. Stock Market Back In Doldrums Alter Early Rise Fizzles Traders Hurry to Lighten Load When Rally Hits Snag Stock Averages 30 IB IS 80 . , Indust. JUI1*. Util. 8tlts. Net change unc. —.1 -f.i unc. Today, close 57.9 15.6 35.6 41.7 Prev. day.. 57.9 15.7 35.5 41.7 Month ago. 58.5 15.1 33.8 41.3 Year ago... 70.3 19.4 38.9 49.6 1940 high.. 74.2 20.5 40.6 522 1940 low... 52.3 13.0 30.9 37.0 1939 high.. 77.0 23.8 40.6 53.9 1939 low... 58.8 15.7 33.7 41.6 60-Stock Range Since 1927: 1937-38. 1932-38. 1927-29 High ... 75.3 72.8 157.7 • * Low- 33.7 16.9 61.8 'Compiled by the Associated Press.) By VICTOR EUBANK. Associated Press Financial Writer. NEW YORK, July 17.—The stock market dropped back into the dol drums today after an early attempt to resume an advance fizzled. When the rally maneuver struck a snag, traders who had bought on the upturn in the previous session hurried to lighten holdings. Gains of many issues changed into net de clines of fractions to more than a point, but some held part of the ad vantage to the finish. Unable to get out of its rut, the market returned to a quiet drift, with dealings slackening as the rally played out. Transactions approxi mated 375 000 shares. Down most of the session were United States Steel, Bethlehem, | Westinghouse, Du Pont, Chrysler, Douglas. Standard Oil of New Jer sey, Loft, Western Union, American Can and Santa Fe. J. I. Case spurted 2>- on a single transaction. Also higher most of the time were Allied Chemical, Con solidated Edison. Caterpillar, Union Carbide and United States Rubber. In the curb small gains were reg istered in Aluminum of America, Lake Shore Mines and New Jersey Zinc, offset by minor losses in Fair child Engine, Humble OA and Bath Iron Works. A rise in bonds tapered into a narrow sidewise market. Commodi ties mostly sagged. Chicago wheat ! ended 34 to l'g cents a bushel down. Corn was off \ to up >4. Cotton futures in late trading were 5 to 20 cents a bale lower. Airplane Firm Offers Stock By the Associated Press. NEW YORi;, July 17.—An issue i of 30,000 shares of 50-cent cumula j tive convertible preferred stock, series "A,” of Taylorcraft Aviation I Corp. of Alliance, Ohio, was offered to the public today at $10 a share. | Proceeds will be divided between payment of a mortgage, erection of additional facilities and develop ment expense. The company manufactures small airplanes. Investing Companies NEW YORK. July 17 iAV—National As sociation Securities Dealers. Inc.: Admin Fd 2nd Inc _. £fj£,d 1 818 8:81. Affiliated F Inc_ ” 34 •> g* 'Amerex Hold _I 13 1 ”5 146-5 Am Bus Shrs _ I ’ 71° o «5S Am For Inv _ . g sg 7i. Am Oen Eq Inc “ "4 b‘s Am Ins Stocks_ 3 ll(l 3 Assoc Stand Oil 3 875 4 V-* •Bankers Nat Inv Coro AI 5>jA S.25 Basic Industry ___ 3 10 •Blair A Co _ * 1375 ” Boston Fund Inc_ 13 04 14 ii*> 1 British Type Inv_ 12 "7 Broad Si Inv_ 1003 ”1 •>•> Bullock Fund _ 11 °5 7•'•'•5 Can Inv Fund_ •> 30 3 Jo •Central Nat Corp “A” ... 20.00 23.00 •Central Nat Corp ••B”_ 1.00 •> 00 Century Shrs Tr_22.61 24 31 Chemical Fund _ 9.09 ~9 84 Comwlth Invest _____ 3 o** 3 °s •Continental Sh pf__ s.no 9 oo Corporate Trust _ 2 04 Corporate Trust A A__ 2 01 Corp Tr Accum _ 2 01 : Corp Tr A A mod_ 2 .37 CorD Tr Acc Mod_ o 37 - •Crum A Forster -- 25.50 27.75“ •Crum A Forst S', pf_.116 00 •Crum A Forst Ins B - 28.00 30.00“ •Crum A Forst Ins 7 pf...110.50 115.00 Cumulative Tr Sh 414 Depos Bk Sh N Y "A’'__ “ 1 .37 Depos Ins Shrs "A"_ 2 58 ~ Diversified Tr C_ 3 in Diversified Tr D _ 5.no 5 65“ Dividend Shrs . ._ . .98 1 07 Eaton A How Fund ‘'A-l”. 16.02 17”i Equity Corp S3 pf _ _ 20.50 21 (Ml Fidelity Fund Inc _ 15.30 16 46 •First Boston Corp_ 15 25 16 75 First Mutual Tr Fd_ 5 42 6 ni Fiscal Fund Bk Sh_ 2 22 0 46 Fiscal Fund Ins _ 2 92 ii ”4 Fixed Trust Sh A_ 8 12 Found Tr Sh A _ 3 So 4 no“ Fund Investors Inc__ 14.32 15 57 Fund Tr Shrs A_ 4 “1 4 9s Fund Tr Shrs B_II 3.83 Gen Capital Corp_ 24 71 ”6 57* Gen Investors Tr _ 4,37 4'73 Group Sec Agricultural_ 4 27 4 66 Group Sec Automobile _ 3.5.3 .3 85 Group Sec Aviation_ 7.31 7 95 Group Sec Building_ 4 49 4 90 Group Sec Chemical_ 5.79 h'.30 Group Sec Foods _ .3 78 412 Group Sec Invest Shrs . 2.48 2 71 Group Sec Merchandising. 4.51 4*2 Group Sec Mining _ 4 34 4 73 Group Sec Petroleum_ 3 57 3'on Group Sec R R Equip_ 3.13 342 Group Sec Steel _ 4 57 5 09 Group Sec Tobacco_ 4.53 494 Incorp Investors _ 12 75 13 71 Independence Tr Sh _ I.91 “'14 Inst! Sec: Bank Group_ 97 J o7 Instl Sec: Insurance_ 1 15 i'»« Investment Co Am _15.27 1651 Investors Fd *C- Inc_ 8.53 9 10 Keystone Custodn B 1 25 96 ”8 42 Keystone Custodn B 2_ 20 00 21 94 Keystone Custodn B .3_1.3.31 14 60 Keystone Custodn B 4_ 6.35 6 99 Keystone Custodn K 1-1.3.57 14*8 Keystone Custodn K 2_ 7.87 8 73 Keystone Custodn S 2_10.98 1211 Keystone Custodn 8 3_ 7 50 8.33 Keystone Custodn S 4_ .3 00 3 39 Manhat Bond Fund_ 6 43 Vlo Maryland Fund _ 3 05 4 16 Mass Invest Tr-17.11 18*0 Mutual Invest _ 8.78 9 60 Nation Wide Sec_ 3T6 Nation Wide Voting_ 1.00 1.14“ Natl Investors _ 5.14 6 53 New’ England Fund 10.10 10*9 N Y Stocks, Automobile.. 4.06 4 41 N Y Stocks, Aviation_ 9.65 1043 N Y Stocks. Bk Stocks ... 7.84 8 48 N Y Stocks. Bldg Supply.. 4.46 4*4 N Y Stocks. Chemical._ 7.76 8 40 N Y Stocks. Elec Equip- 6.43 6.97 N Y Stocks. Insurance_ 8 84 9 56 N Y Stocks. Machinery_ 7.04 7 62 N Y Stocks, Oils _ 6.87 637 N Y Stocks. Railroad _ 2.45 2 66 2 v §.loc^- £ ? 4.95 6.38 N Y Stocks. Steel ... 5.79 6 28 North Am Bond Tr ctjs__ 45.60 Nor Am Tr Shares 1963_ 1.90 Nor Am Tr Sh 1956_ 2 4.3 Nor Am Tr Sh 1956_ 2 38 " Nor Am Tr Sh 1958_ 2 01 - Plymouth Fund Inc_ 32 37“ Putnam (Oi Fund _ 12 02 1°*S Quarterly Income Sh_ 625 7' in Repres Tr Shrs_I 880 93. Repub Inv Fund . 2 87 3 0ft •Schoelikopf-Hut A Pom ~ °5 i on Selected Am Sh Inc.. 7.38 8 04 Selected Income Sh 3 63 Sovereign Invest Co newll 5 43 6 0l“ §?»^ern7na,Tk,Fund-13.15 13.06 Stand Util Inc _ ;»n qa •State Btreet InvestIII.II 68 00 60 75 Super of Am Tr A_ 3 06 0 Super of Am Tr B _ 3 “ Super of Am Tr AA I ->Jg - Supervised Shrs _“HH 837 8 88* •Trustee Stand Inv C ”11 2 ”1 •Trustee Stand Inv D.I ' ”06 i'7* •Trustee St °il Shrs A... 4 65 8 •Trustee St Oil Shrs B __I 4*9 I “ Trusteed l5du®UyB 8hrs“~ 69 73 ii1?!?5 - - Wellington Fund lij .'10 13 54' sgffi'SSSli&hzUS; bSttUaihou'ld5*lndin'Vr offera* and ,7nii.d. »PWoxlmate prices. ounte. otherwl*e Indicated are as **7,,IJ1* *o°n»ors or issuers. Not quoted by sponsors or Issuers. ™-eare m°re than 70,000 Japa nese civilians in Shanghai. a