Evening star. [volume] (Washington, D.C.) 1854-1972, July 03, 1951, Image 11

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Evening star. [volume], July 03, 1951, Page A-11, Image 11
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 03 July 1951. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1951-07-03/ed-1/seq-11/>

Newspaper Page Text

Capital Bank Deposits
Down Since April 9,
Far Above Year Ago
By Donald B. Hadley
Washington bank deposits at
midyear were $2 275,341 below
levels of April 9, date of the last
bank call, and $16,616,833 below
their peak at the end of 1950, but
remained $58,653,167 above a year
earlier, a survey revealed today.
The total at the close of busi
ness on Friday. June 29, was
$1,145,495,167. This preliminary
figure approximates what will
show up in the midyear bank
c-’l, expscred to be issued later
this week for June 29 or 30. As
Washington banks do not open on
Saturdays the June 29 figure j
would be reported in case the call
is for June 30 figures.
The latest total was more than
double the $450,704,000 reported
on June 30, 1941, and four times
$278,297,000 on June 30, 1931.
Declines Reported by 12.
Of the 19 banks and trust com
panies here. 12 reported declines
since April 9. while seven showed'
increases. Largest increases were
$7,435,948 at American Security &
Trust Co., and $2,520,208 at Na
tional Savings & Trust Co. Lead
ing declines were $4,840,451 at
Liberty National. $2,664,440 at the
National Bank of Washington and ;
$1,424,287 at Hamilton National.
Deposit totals for the various
institutions on June 29 are com
pared below with figures for April
9 this year:
June 1 1 . Anril O. 1QK1
Am. security s-i'.i" $181,951,591
Anacostia 13.8TH.7U5 14.049 285
Bk. of Wash. 101.583.uTU 104.24T.51H
City Bank 31.184.927 31.555.997
Bk. of Com. 1H.30O.23H 1 8.755.11H
Hamilton 97.823.487 99.047.754
Industrial 5.818.725 5.490 998
Liberty 30.954.743 35,795.194
Lincoln 33.545.402 34.421.418
McLachlen 19.514.140 19,862.788
Metropolitan 59.045,576 "8.647.707
Munsev Tr 18.542.901 19.198.507
Natl. Caiotal 14.138.712 14.90S.49l
Natl. Savings 47.084.550 41.564.348
Riggs Natl. 311.881.236 312 292.774
Second Natl. 30,1’5,13" 3'“i*v"65!
Security Bk. 28.837 143 27.741.615
Union Trust 48.166,736 4,452.51,
Wash. Loan 47.155.110 48.967.722
Total $1,145,495,167 $1,14T.770.5oi
Knows His Telephones.
Cleo F. Craig, nr— president of
American Telephone & Telegraph
Co., should know his telephones.
He went to work for the company
back in 1913 as
an equipment
man.
At various
times he has
been in charge
of the long
lines depart
ment. personnel
relations, oper
ations and en
gineering. reve
nue require
ments and
finance.
He was born
in Rich Hill, Mr-Crate
Mo„ on April 6, 1893, and studied 1
electrical engineering at the Uni
versity of Missouri. His first job
was with the Bell System. Mr.
Craig succeeds Leroy A. Wilson,
who died last week.
Postal Receipts Top 1950.
Washington postal receipts in
June totaled $1,868,790. a slight
decline from $1,894,344 in the
previous month, but 15.4 per cent
above $1,620,451 in June, 1950,
Postmaster Roy North reported
today. It was the largest June
volume in history.
Receipts for the first half of
1951 /ose to a new’ record of $10,
920.210. a gain of 13 per cent from
$9,640,977 a year earlier.
Ten years ago, in 1941, the June
total was onlii $762,416 and a dec-i
ade earlier, in 1931, it was only!
$443,065. Six months’ totals in
1941 and 1931 were $4,526,354 and
$2,842,440, respectively.
Started With Bank 56 Years Ago.
Ernest E. Herrell, a director and
member of the Executive Com
mittee of the National Capital:
Bank, is serving the bank where,
f . he started as a
runner 56 years;
ago. He was
named to the
Executive Com
mittee last Feb
ruary. On Api ll
1. 1895, he took
his first job with
the bank.
At the recent
convention of
the District
Bankers’ Asso
___ciation, friends
recalled that he
Mr, Herrell. had no(; injssecJ
a single one of 33 conventions. He
was one of the original signers
who helped found Washington
Chapter, American Institute of
Banking, 50 years ago, and served
as chapter president in 1912.
After serving the National
Capital Bank for a number of
years, he reeigned as assistant
cashier and was elected cashier of
iuvivuctxii/o uaua in xaxo ttllU '
became vice president in 1920.!
He remamed as vice president;
when it became the Merchants
Bank & Trust Co., but resigned to
become president of the Interna
tional Finance Corp. in 1922. He
retired from this post in 1940
when new interests took over. In
the 1930s he became a director of
the East Washington Savings
Bank and when that institution
was merged with National Capi
tal, became a director.
Banks Watch Legislation.
Of particular interest to bank;
trust officers are two laws recently
passed by Congress. Public Law
No. 35 which went into effect in
May relieves fiduciaries from fil
ing information returns for char
itable trusts where all of the trust
income is required to be dis
tributed currently. H. R. 2084,
which became law last Thursday!
relates to the treatment of powers
of appointment for estate and gift
tax purposes.
The new laws were listed in a
survey of current legislation is
sued from the Washington office
of D. J. Needham, general counsel
for the American Bankers Asso
ciation.
Mr. Needham called attention
to the outstanding importance of
H. R. 4473, the Revenue Act of
1951, which has been passed by
the House and now is being con
sidered at hearings of the Senate
Finance Committee. S. 1717 and
H. R. 3871 for the amendment and
extension of the Defense Produc
tion Act and the Housing and
Rent Act also are being watched
y by the bankers. ^
! NEW YORK STOCK EXCHANGE
.burnished by the Associated Press.#
aaies
■Slock and Add Net
Ulvidend Rate 00 High. Low 1:16. chge
ABBOTT l Slla 5 94 53*4 54 +2
ACP-Brlll Mot 2 5% 51b 514 - *4
Acme 8trel 2a 11 2914 28*4 281* — 14
•dams Exd i'ag 4 28*4 27*4 28*4 + H
Admiral CD 1 3 23‘4 23>4 2J‘4 - #4
Affll GasEa .80. 7 9*4 914 9*4
Air Redlic i •*(# 16 27*4 27 27>4 + *4
Alaska Juneau 3 "*4 2*4 2*4
I Al 'ens Inc 1 '4 I 20‘4 2C#4 20.4+14
.Alleghany CD . 7 !*4 3-/» 3*4
|Alleehsny d; 1 7**4 74*4 7414 + 14
Al'eeLudStI 2a 11 38*4 38*4 38*4+ *4
Allied Chem 2a 31 69*4 6714 69*4 +1*4
Allied Mills 2a 2 32 31*4 3’ + 3*
Allied Strs 3 1 < 40*4 4014 40*4 •*• ‘4
*•»* ' :(« 9 40*4 40*4 40*4+ Mil
AUis-Chal nf.3'4 1 90*4 90*4 90*4+1
A'phaRCm 1' -g 2 34*4 3**4 3*14
Alum Ltd 3 6(1 17 8f*4 85‘4 85*4 + >4
AiumCo Am 2g is e9 68*4 6814 + M
Amerada Pet 2 1 S9 99 S9 — *4
Am Aaricul 3a 7 59 58*4 58*4 + 14
Am Airlines *41 45 14*4 1**4 1414+ ‘4
Am Alrl of 3*4 1 80". 80*4 80*4 + >4
*m Pnlr Met. I 3 1 20*4 20 20
Am Bosch! 70b 2 13*4 13'4 13*4+ 1+
AmBr Ph 1 7('w 2 3**4 34*4 34*4- *4
*m Broadcast 1 1214 '2's *214+ *4
Am Car 4 2 109*4 109V4 109*4 - It
AmCar&Fdy 2g 4 JO 30 70
Am Chicle 2a 4 40 39*4 39*4 - 14
Am Ctan 4a 22 'C *34 103 3 0*34 4 2*4
tmOrn ofB 3*4 5 144 144 14* +5
Am Distillers 2 2 47*4 4'*4 43*4+ 14
Am Eneau T >4 2 C34 634 6*4- *+
Am EuroD 52b 1 23 23 23 — It
Am Exnort #2 5 18 18 16
AmAPPw ?7 rf 1 8«>4 P614 06*4 +1*4
AmArFPw *« ot 1 73*4 73*4 7314 + >4
Am Gas* El 3 8 54*4 5**4 5414+)
Am HIce&L *hg 3 6*4 «*4 6*4 + *4
‘mHn—pi °n, 12 3314 ’314 3314- *4
Amlnvlll 1 60b 14 1“ in in
Am Loco la 4 1714 17*4 17*4+ ‘4
Am M&Fdy .80 5 la •« is -14
* mNatOP* t 60 11 30*4 70>4 *0*4
AmNewsCo! *4a X 1 31*4 Jl'4 ’1*4+ >4
Am P&L 48b x 11 18*4 18* « 18*4
»m Red+co (a 19 14 13*4 13*4+ *4
AmSaf Raz *4g 5 7*4 7*4 ***• + *4
Am Smelt 314b B 74*4 74*4 7*14+1*+
(Amfim.bR r.1 7 xeo 157 155(4 157 +1>+
AmBtlPd—7 *(1 4 3114 31 31V4+ 34
*m Tel & Tel 9 43 1«4*4 l«’*4 1*4 +‘4
Am Tobacco 3a 10 #0'4 59*4 59*4
(Am Tob of 6 1 |X«*4 130*4 136*4+ >4
Am Viscose 7a 6 71 7e*4 70*4 - *4
Am Woo'en 7c 10 '2*4 3114 J2>4 + 14
Am Zinc 1 73 17*4 (6*4 17 + *4
AnacordaC7'iB 37 37*4 37*4 37*4 + *4
AnchHGl t 00a 4 ?P*»i 78 78 + *4
AndersnClay 3a 10 81 79 8’ +5*4
AndPrt O 1 70a 18 ’8*4 *7*4 ’8*4+ *+
Anrips Pnn 3/*p 9 1i 14 14
A P W Prod 2 6% 67* 6%
ArchDan 40* 2 51 *0% 5> + %
Armen Stl t >ab 22 37% 37% 37%+%
Armour A- Co TO 9 8'+ 9
ArmstCk 2.60a 7 *4 «3% ‘4 - %
’Armstr" nft% 290 94% 94% 94% - %
Ash'nd 011 2b 6 31% »]% 3'?*
AshldOil nfl .20 3 34% 34% J4%+ 7/,
Atch TA-BP 8a 3 150 149% >49%+ %
Atl City E11 20 2 20'+ 70% 20*4
Atl Cline 2>'~g 3 627+ 62% 6’?*. + %
At> Reflnlne 4 8 77 71% 71% - %
Atlas Co-n ' ”0 5 75% ?5% 75% + %
Austin N>” 33* 9 8 8 8 + %
Autocar Co 3 9 8*+ 9 + %
AutnC o | 1 12% 12% J2% — %
Avco Mfg fin s 7% 7 7% + %
AvcoMfc nl2% 11 44% 44 44
B»LDi.P""«n 17 0% i o% ] o%
Balto*Ohn 37 17% 16% 167*+ %
B * O Of A» 39 35% 35 3' % + %
Barber 0*1 2b 2 7"% 71% 72% +3
BeatrVs «■ % 1 x' x>% 3114+ %
Bendix Av'a 3a 3 47% 4714 4714
Ronefloan'’ 1 ' f '•« 76% 2-% + >*
Benguet M 07* 5 •% >% l%+ %
feat Food' "1 X 4 33% *3 X314 + %
Beth St*”' "* 13 48 47% 48 + %
Bigelow San __ 5 70% 20 '0
B!ww-Kno» 'a 2 15% 15% le%+ %
Blisa A- L 6ng 1 18’4 18% 1874 + %
■’ne'”- **>• le 1 '9% 39% 3974+ H
Bond Stores 1 4 1 xx* 17% 13’-+ %
Borden 1 70g 2 46% 4674 4674
Bor™-Warner % 2 5C'54 59*4 50J*
BosA-Mlenwl 1 f% ts% 17% + %
Bower R Bea- ** 7 ”5% 25% 25',— >4
DrHe8r«sei <na 3 >3% 13% 13%+ %
Briggs Ml'+* 7 >0% 10% 3074 + %
«ry-”A-R‘~e'~ 1 1 11'* 11% 11%-%
Budd Co 1 60a 2 •« 15 15 + 1*
. nfl 2 7d% 20*4 20% + %
Burr Ad M 8»a 3 ’7 >6% 167* - %
Bus+Term .30* 1 l'% 12% 1*% + %
’AL PKG 2*>a 1 62% 67% 69% + **
j x 34 2% ;%
’slumtA-H 40» 5 8% 8% 8% + %
".ntlrrOl Sflj 17 ' 17* IIS4 1IS4
’ n Brew 7 18% 1P% 18%
Canad Pac!s«g 5+ 737* 73% 2’%+ %
Cadtai Al' 7 1-% 12% 1274+ %
r’arey Mfg 1 00 3 >7% 17% 177*
Carnen Stl 2b 7 'o TO *0 + %
’’arr’er fin 15 97% 77 7 + %
’arrirr Co dI 2 4 4 % 43% 43%+ %
Case J1 9a 6 f2% 62 62% — %
Caterni'l Tra 3 14 4?% 44% 44% - %
’stern) nf 4 20 1 101% 101% 101% - •+
’elanese 3 25 5C% 50 5C% + %
’-’”*ex C"S 1 4 1 6 1 574 1 6
"e otex nf 1 1 17 17 17 + %
CenAguIr > 60a 1 li>". 1874 19% - %
Cen Fdy 80 _. 7 (74 8% 874 + %
Cen RR N J A 8 17% ’6% 17%+ 74
Cen RR N J B 7 17% 17% 17%+ %
Cen 4 SW 00 30 11% 13% 13% - %
Ce rotePasTiw 7 37% 37% 3774 + %
Cer-teed la 14 >/% 14% 14»* + %
ChamnP” nl >A* 7 *5% 35 5‘%+1
Ches & Ohio 2 16 29% 29% 29%
Chi Corn 60 ._ 13 1 374 1 3% 13%
Chi & East 111 _ 3 16 16 16
’hi Ar ” IP A 2 3 71 90% 21 + %
OhlGtW Pf47ik *150 ?9>4 28 >4 2874 - %
Chi I*L A I %k 2 15% 1\% 13%+ %
Chi Ind & IB 1 8% 8% 8% + %
ChMSPArPac 2* 53 18% 18 18% + 74
’ht M BP nf 5g 15 41 40 41 +1
Chi A: NW 1 >*e 7 S0% 1974 20%+%
ChINW pf 5.15e 5 43% 43 4’%+ %
Chi R1A Pac 3 7 48 47% 48 + ?i
Ch' R1 A- P Dfb 3 85 84% 85 1
Childs Co ... 23 4% 4% 4% + %
tchilds cv pf .. 5 13% l:% 13 + + V
’hrvsler 4e 45 667+ 66% 66 - + %
ClncG&EC ... 2 S574 357* c74 + %
err Finance4a 16 5C7* 50% 5074 + %
ettlea Serv 4» 11 997* 99% 99% + 74
Clev El 111 2.40 5 46 4574 *6 + %
Ciev Gra Br 2a 1 34 34 34 - %
Climax Mo Iff 11 32*4 39% J7 -+ %
Clint Fds 2 40.. 7 ’074 *0% 3074 + %
Ciu^ttPeabl* 1 3i% 31% 31% + %
’oca-Cola 4a lOlls 112 11' +5
<o!gPalm2b._ 2 4% 46 46% + H
Col At Aik Vjff 2 >(% 16’4 >6*+- %
Colo F Ac 1 l >*a 13 1 74 19% 1974+ 7*
'Colo&So lstpf 150 to 49% 50 +1%
tColo Ar So 2 pf. 1 45% 44% 45% +1%
Col Brd A 1.60 5 27 96% 27 + %
Col Brd B 1 60 5 26% 26% 26% + %
Col Gas 80 22 13% 13% 13%+ %
Colum Carb 2a 4 4C% 40 40% + %
Comb Eng P 3a 1 36 38 38 + %
Coml Crert 4 go 23 55% 54% 55%+1
ComlSolvla . 1* 247* 24% 2«7* + %
ComwEdlU* 8 30 99% 29% — >4
Conrie Nas> , 1 9% 9% 9% _ 1,4
Cons Cigar 2 _. 5 25% 25 25 - %
Cons Cop 20* 14 9% o 9
Con Edr 2 3 2 3 0 74 ’C7* ’0%
Cons * J*s nf A X 2 10674 106 02 106% + 7*
CnsOEI.iPl 40 10 24% 24% 242* + %
ConsNafOasBa 6 54 *4 54 - %
Cons Vult 1 40 23 1‘I* 15% 157*
Consum Pow 2 7 3 % 33% *3%
tConsmP pf4'2 140 10874 108 108%+1
Container 1 >i* 8 35>4 3474 35% + %
Cor* Can 2a 6 57 36% 37 + %
ContCArSIn 20a 1 8% 8% e% + %
’not Ins 2a 4 68 68 68 - %
Cont Mot 40 20 ’% 77* 7% 4. %
Cont Oil ... 14 50% 49, fo +1
Cont 8t> t 40» 9 : 3 2?7* 2274
Cooper Bess ”b 10 2674 26% 267a- %
Conner R 80b 2 2274 2274 2274 + %
Copw Stl 80g 5 20% 70 20
Corn Pr 3.60b X 7 70 69% 70 +1%
Cornell-D 80a 1 14% 14% i«ia + %
Corning Gila 2 667* 66’+ 66%+ >»
Coty Inti .20* . 1 2 7 2 - %
Crane Co .00* 8 31% ’1% 31%+ i/;
Crenmenc'Amt 2 >2 117* 11**— %
Crown Cork 1 3 16** 167* 167*+ %
CrwnEell 2.45* 15 49% 4f% 49 .+ %
Cruc ®*1 1 *4f 4 33% 33 33%+1%
Cub A Sug 3<* . 6 2'% 7 1 21%+ %
Cunahv Pack... 3 7>,4 7% 7%
Cuneo Press 1 97* 9% 5% + 1*
t urns rumisn. / 7 6%
Curtiss Wri 1 38 8% 8% t%
Curtiss Wr A 2 4 23% ?:% 25%
Cutler H 1.60a 2 2P% 78% 28%+%
DANA 3 2 ?9 2~' 79 - %
Davis Chem 1 % 1 37% 37% 37% %
Daystrom la 1 17A4 17 • 1714+ %
DeccaRec TO 5 8% e% 8%
DeepRock Oil 2. 3 59% ar % 5c%+1
Deere A Ct I • 6 60 59 4 59 ,4+ %
Del * Hudsnn4 1 42% 4 % 42%+ 1/4
DelLack&W'ig 2 11% 11% 11%+ %
Den&R O W 3a 15 51 51 + 3%'
DAR O W Di B 6 62% 6:% 67%+1
■'erhv o'l 1 3 J 7% 17% 17%+ %
Detroit Ed 1.20 10 Sl% 2154 an - %
DetMrhStv .60 1 6% 6% 6% * %
DetstlCort>2 1 28 28 28 + 14
De Vilbiss ’ jg 1 18 18 18 + %
Devoe&Ra A 2b 1 24% 24% 743%+ %
Dlam Mat 2a 3 5 2% 52% 5: % + 7%
DtamTMotl 1 13 % 13*% 13% - %
Diana Str 80 . 2 8'% 8% e% - %
DistCpS 1.20a 3 24% :4% 24v, + 1%
Dr-V^rTai-vc "a 1 12 32 33 + t/4
Dome Min 57g 5 15% 15% 15%
Douglas Aire 3 1 44 44 43+14
Dow Ch • 40b 7 95% 94% 95 /4 +1%
Dresserlnd 1 40 721 71 ri + %
Du Pont l.TOg 16 93 97% 923%+ 1%
Dn Pont of 4% 1 118-4 118% 118% - %
"AOhE120a 6 ;c% 70 .0 -%
Bast Air 1 */,g 3 20 20 ;o + %
Dist corp *+e 3 22 22 22 + %
East StSti 40g 1 143% 14% 14% + %
EastmnKI 40w 15 42 413% 413%
Eaton Mfg 2a 7 3 73% j6i% 373% +1%
Edis Br Str 1.20 1 16 16 16 + %
Ekco Pr 1.40 2 16% 16% 16% + 1%
El onto T tte 3a 2 46% 46 46% +1%
Elec Bust la 1 18% 18% ie% + »%
EIAiMusIn OUg la 7% 2% 2% "
El Stor Pat 1 g 7 43% 43!% 433s
Elliott Co la 4 74 73% 74 + 34
EIPsso NO 1.60 15 27% 57% 27% + 1%
Emer Elec 1.40 5 16% 16% 16%+%
FmesRad&Plb 8 13% 13% 13% - 1%
EmpireDEl .66g 4 18% 18% ie%
Equit Gas 1 30 13 19% 19% 19% - 1%
Equit O Bldg 60 5 6 5% 6 + %
Erie RR %g 16 17% 17% 17%+%
Eversharp 1.40 2 1334 !ry, 123%+ %
H'x-Cell-O lg 3 7% 37% 37%
VAIRBNKS 2a 1 46 46 46 + 1%
Falstaff Br 1 6 13% l’% 133%+ %
Earn Plnan 1.40 4 14% 14% 14%
PeddersQulg la 458 12% 11% 12%+%
Fed Mot Truck 2 5%, 5% £% + %
PederDStr 2Vsa 3 42% 42 4-,% - %
Felt & Tarr 80 4 14% 14% 14%
Ferro Cp ,80g 43 75% 74% r%+1%
FidPhoenP2a_ 2 <9% 69% 69%+ %
Firestone 3%g_. 11 94 93 93% +3^
Bales
Stock and Add Net
Dividend Rate 00 High. Low 1:1 A chge
First Nat Str wi 3 37% 17% 37% + %
FirthCpt 1 20a » 12% 12% 12% - %
Flintkote 2a 27 17% 27% 27%
Florence Stv lg 3 ?«% 24% 24%-%
Florida P 1 20 2 17% 17'% 17% + %
FlaPw&L.70f 18 71% 71 71%+%
Pollans Stile 5 19% 19% 19%+%
Food Fair 80b 6 20% 30% 20% + %
Food Mach +ie 10 43% 41% 43% +1%
tFood*%hpf3>/« CO 100 £.9% 100 +%
Fostr Wheel 2a 2 37% 37% 37% + %
Freeport Sul A 4 63 8 7% 8 % - %
Fruei auf T 2b 7 : 5% 35% 75%+%
GairRobr 00 7 i:% '2% 12%+ %
GambSkn of2% 2 36 ss *6 - %
onrrettCD 80g 5 18 J8 18
Gar Wood fnd 2 6% 6% o% + %
%e Wont: D, 1 32% 37% 37% + %
Gaylord Co l'i 3 26% 26 V 26% - %
GenAmlnv 20g 15 73% 75% 73% - %
Gen Am Trns 3 2 49% 49 49% + %
GenBak 55g > 11% 11% 11%
Gen Cable 30g 6 8% «% «%
Gt*n f -*r i 3 15% 15% 15% - %
Gen Elec 2 10e’ 13 53% -3 63%+ %
Gen Poods 2 40 * 41 <0% <1
Gen Instr 20g 1 < % 9% 9% + %
"en Motors 2v 48 47% 47% 47%+ %
Gen Per C»m2a 2 37 37 32 + %
’’e" Pses Eo 1 3 i 1 2044 20% - %
Gen Pub Sv %e 7 3% 3% 5%
GenPfcUtll 1 20 9 18 18 18 ♦ %
GenRvSiel 20a i 23 23 23 +1
GenReal&Ut % 2 6% 6% » % e %
»" 9 78% 58 28% - %
Gen T4R2 1 44 44 44 + %
Ga Pac Ply 1 % 4 20% 20% :0% + %
Gillette0 1 26% 26% 26%+ %
Glllett StRr dI5 1 94 94 94 - %
Gimbel Bros I 31 17% 17 17
Glldden 2a 10 36% 38% 36%
Goebel Br 40a 6 8% f% 8%
Goodall Sanfd 4 17% 17% 17%+ %
Goodrich lh 7 53% 53% 53%+ %
Goodvear 4- 6 79% 79 79 + %
Goodvear Df 5 1 107 107 107 +1%
Graham-Palge. 13 7% 2% 7% %
Gran« Union lb 1 33% 33% 33% + *<
GranCStl ,55h. 4 22% 52% 72% +■ %
Grant W T 1 % 1 58% 28% 28% + %
Grav-Robln 1 2 12% 17% 12%
Gt No Ry of 2g 1 47 47 47 + %
Greyhound I 6 11% 11% n%
GrumAIr En le 4 70 20 20
GuanSugl'/if 1 10‘% 10% 10%+%
Gulf M A- O 2 7 7J% ?J% 3% - %
Gull OH wi 8 48% 48% 48%
Gt’lt GO Ma 5 96% 96 9« + %
HACK VVA 170 1 3'% 31% 31% + %
Halllburt 2'ia 4 35% 35% 75% - %
Have.- Mfg ,45g 1 6% 6% 6% - %
Haiel-Atll 20a 1 72% •»:% 72%+ %
Hcrcu Pd I 10g 3 69 66% f8% + %
Hersh Croc 2a 2 40% 40 40 - %
HlltonHPs i -;o 1 13% 13% 13%+ i*
HollandPurn2a 2 23% 23% 73% + %
'-A** l* + J j J J ' T A.
Hooker Elec 2 15!% 53% 53% + %
HoudHersh '/-g 1 11% 11% 11%+%
Househ!dF2 40 2 36% 36% 36% + %
Houst LAP 80. 4 17% 17% 17%
HudBavMin 4a 4 49% 49% 49%
Hudson Mot la « 14% 14 14
Huon Coro 1 3% 3% 3% + %
IDAHO p\vi 80 1 36% 36% 36%+'%
IT L CENT 3 22 54% 5'% 54% +1%
III Power 2.20 6 35% *5 35% + %]
♦IHP4.OSdIU 04 2 48 48 48
Indpl PAL 1.80 3 32% 32% 32% + %
'naer-Rand 2* 2 76% 76 76% +
rniapA Stl I 6 45k4 45% 45>* + %
Interchem 80* 7 74% 24 24
Inter Rub .40*. 8 4 3% 3%
Interlakelr’b* 7 15s* 15% 15%+%
lnt Bus M-h+b 2 201"-201 201%+1
■ it Harvest ?a 14 31% 31% 31%+ %
’In' Harvst pf7 CO 16r% 160 160 - %
Tnt Hrdrn El A 3 14 . 14% 14% + %
IntMln&C 1 cn 1 31% 31% 31%+ %
lnt Nlckl ’ HOa 19 33% "34 3?% + %
lnt Peck RO* 5 133/. 13% 13%
Tnt r>aper lib __ 8 4“3* *83% 48% + %
TntShO6 2 40 4 3974, 3934 39%— 3%
lnt TAT 45w 3’ "% 15% 15%+ %
Tnt D* ' I 20 3 74 74 74 - J*
Inters D Str"% 2 24 28 28 - %
% rint." , so 2 :53* 7514 253*
Town PAL 1 40 5 71% 71 71 +3/.
if! ok cos’ a . 2 y~% »2% '2% + %
T6—-*3'-S • „ 1 lO’v 197% 1974,+ %
Johrs,Man ”'-* 5 r '3* 57% *7% _ 74
Jones A- t Pfe- r ! '234 77% 7754 + %
'Jones A* L of ft ICO oq% or,* 9014
lov Mf* ", 1 7974 797% -074 4. 3*
3CAIPP , ,m 6 2’% 77'* 28% +1
KacCPA-L 1 .60 5 “5% 7"- -5
Kan C So 2'i* 5 58% c7'4 se% + 3*
Kan P A-L 1.12 47 '61* 6% >6%
Kelsev-H A 2'b 2 2"’* 2a ?8>i + «A I
Kelsey HB 2%. 2 .'5 '4% 745*+. %
Kennecott 2'i* 9 69% 6"% 69%+1%
KernC Land 2* 17 f-V* 65
KeystSAWI 60a 7 70 197* 107* _ %
KlmbClark2 40 6 473* 47 473*+ 3*
Koppers Co 2a 2 39% 39% 39%
Kresoe S S 2a 52 '7% 371* >714+ %
KressSHlkb* 1 "2 5’ 87 + yr\
Lane Bry lb 7 i-s* 17% 12'/.+ «
LaneWel's 30h 3 177* 17'% 17% + r j
Leh Val RR 7 £>"* o,* 9 ,+ 34 j
L-h-nen M.70* . 13 7"7* 71% 727* +174]
LlbOKdpjie 25 2% M% 37% + l>e '
Ub McNAL <ba 5 83* r% p% _ %
Lie* A My 4 a 13 67 66% 67 + '
Lily Tulin 1 %* 1 »8% CP% B8%+l>i |
Urn 011 2 9 3?% 39 39,4 - %.!
I.to Carb 1 20 2 183* ie% 18%+ 1*
Lockhd Alrc 2a 4 347* 34,4 347,+. I
Lockhd Alrc wl 5 17% 173* 17% + %
Loew's Inc I % 11 1* 14% 147*
LoneRtCm RRh 6 23% ?3'i 73%+ 1%
LoneBellA 1 'ik 2 41% 41% 41%+ %
Lon* Isl L 80 9 14% 14% 143+
Lorillard 1 20a 3 71% -l 71% + %
Lou A Na«h 4 4 49% 49% 49% + 3*
Lowenstein 2a 4 78'* ?e% 28% - %
LnkensStlla 2 36 3534 3s + 7+
MACKTRK’lf 3 '4'* '45* 14%+ %
\4a 3? H 9 4fl 5 313* 31% 3’3*+ 1*
Mad So Oar %« 4 9 87* 9 + %
w*stm "nn-r 1 25'+ 257* ?5% + H
Maracalh" 30 5 1 u* 11% 111* _ 1+
Martin OI 10 14% 14 14%+ 3<
*%s"n'‘« 1 2 ’1 si 31 - %
MasterEI60b 7 18 is in
"af, oh , ROa 1 '8% 3B% vr% + 1+
MayDStl SOn 5 3’ 31% 37'
*3ayta~ ’ 40a 3 14% '4% ’4%+ 1*
”ec-'l 1' •* 4 18'* 18 s ini*
'McCord of21 j 60 4 3 423* 43 +1
PI 2a 1 403* 403* 4 34 + %
McKessA-R 7%b 4 38 38 38
"Cl4»l' Strsl %a 1 '2 a? pn - 3/f
"ear, On ' RfH 3 74% 74% '4% _ j/
"elvtllcSh 1 80 -2 23% 2'% 731*+ 1*
M»n»e! 2 5 163* 16% 16'* - 3-.
Mere«pt S'rs 1 21 19 18% 1074+ s
Merck A Co 2a 2 8'% Pr- 85%+ %
•r'oml Opn 3',* 1 17% 17% 17%+ %
M'dCort Pet ha 7 56% 5« *«
Mir S'Ut 1 20 1' 19 '87* lcr* - 14
"'did «tIP- ha 2 30% 39s* 39,+ *.
4 52,* s„4 5„4 _ ,A
Minn Mol 1.60 8 19 jbs* 39 * v
'ItnnASLRy la 6 157* 15% 157*4.3+
•fqpABRMl. 3 15'* 15% *157* 4. 5*
M'nn !'%h 5 45 443* 45 +1
Minn PAL 2.20 7 30% 30% «o% + %
Mission Corp 5 75% 25 267*+ 74.
Miss Dev 40* 8 145* ,43* 145*+ %
"1ssR!vFu2b 4 313* 307* 3is*+%
Mo KanTe* 74 75, 7% 73++ 1*
Mo-Kan-Ter Df 41 *85* 473* 49% +11*
Mo-Par RR Df 29% 22 22%
MotPd Ros 1 5 2 143* ,33* 143*+ %
Monsanto 2''-a 31 903* 90 97,3* 4. 3*
Mont Pw 1 4na 7 223* 7 % 72 ,+ %
Mont Ward 2a lo 693* 68% 60% + %
’ntnrWhe.l 2a 2 25% 75% 75%
Motorola 2b 4 441* 44% 44%
MuellerBr 60* 7 173* 17,* 175++ ,*
MulllnslM 1,60a 3 17 i«7*
Murray Co 2a 3 18% 103* 18>* + %
NASH KELV 2a 15 18% I77S 1,7* I £
NatAntoFiber 2 5 183* ia% ipj* + £
Nat Avia %* 5 17% 17 17%+1%!
Nat Biscuit 2 6 3- 32 *2 + *
'Hat Blsc n* 7 2CO 166% 166% 166%
Nat C-n 20* 10 7% 7% 7%
NatCash R 2.60 1 49% 49% 49%+ %
Nat Com 80 14 12% 12% 12,* T £
Muir- - 80, e 45% 45% 451*
Nat Distlllrs 2 41 313* 3],/. 51,4 + ,,
Nat C-ypsm 10* 5 175* 17% 17% + £
Nat Lead 2a 9 75 s 75 75%
NatMslARCl* 5 31% 31 !)%+•*
Nat Pw A It T4-I 1% , , T /
‘ 27 46% 45% 46%+ 7*
Nat Sun 1 60a 5 24% 74% 24%+ %
NatVulFlbl 20 1 14% 14% 147* + %
Natumas 40* 2 8% 8% f% . £
Nrhi Coro 70 4 10% 10% lov. + 3*
2e^,Inc 6 9V* 9'» 9J* + %
NEE'Sys 80 26 i;% , 1% , j,4 _ £:
Newmon M2* 3 104 1C4 1C4
Newportlnd 1 * 6 1"% 18 19 +,*
NY Centra] le 5' 16% 15% i« x 1+ :
NY NF & Hart 12 'e% 1’* £
NYNHA-Hpf 5 46 4'% 4S t %
NYStO*E176 2 26% 26% 26%t%:
tNYRE&OnfH 70 88 8 88 +1
Nlap M P 1 40 26 21% 2’% 21% x %
Nia M P A 1 20 3 -5% -*£ *
«'ti + wr,t :i, 19 44% 44,,, 44Vr _ u
No Am Avia %g 8 r% 13% j,%
No Am Co I 20 16 17% '7% 17.+x 1/
NoNatGas 1 80 7 *5% 3+% 351 + + %
NorPacifino 30 3«S 3«t if* J £
Nor fit Pow 70 16 10 10 10 T '
'NoStPw4 I Oof 10 97 97 97 j
'No S P of 3.60 1 85% 85 85V+- %
Northwest Airl 16 13% 13 13% x %
Northw Air’ of 10 ;o% 70% jnv. + 14
OHIO FDIS 2 17 3is/. 3j% 31%
Ohio Oil 1 Hg 9 51% 50% 50% x %
■da 4ArE 1 30 7 21 ;o% 21 + %
Oliver Co 2.40, 6 27% 27 27 + ”
Otis Elev 2g x 5 36 r,% 3g
Owens 111 01 2* 13 81% 80 80% + %
Pac G & E 2 - 16 32% 3-% 32%-%
Pac Uehtine 3 4 51 r0% 5,
Pac Mills 2a _ 3 37% 37% 37%-%
Pac West 011 2 17% 17% 17%+%
Pac W O of .40 3 8 » 8% 85„
Packard ,20g 72 4% 4% 4% + %
PanAmWAi-14. 38 10% 10 10 - %
Panhdle EPL 2 1 48% 48% 48% + %
PanhP&R 15* 5 7% 714 7% - %
ParamPictS 5 27 21% 21% - %
Parxe Dav I 80 xl6 5‘% 55% 55% - %
Patino Min %g 1 14% 14% 14%+ i>
“eab Coal 80 5 (3% 8% 8% + %
Penlck * F 1* 5 353% 35 35% + 1/4
p*nnev ,J C 2a 7 68% 68% 68% + %
P'-nnDIxC 1 60a 6 23% 223* 733% + %
Penn PArL I 80 8 27% 27 27% + %
Penn RR %* 30 17% 17% 17%+ %
PeoD OasLArC 6 4 112 112 112 + %
PfDsl-Cma 37 S% 9% 9% + %
’Pet Milk of4% 10 103’6 10'% 103% +2
Petrol CD ,45a 3 19% 1934 19% + s%
Pfizer _ 75 38% 37% 37% - it
Pfizer Ch*s rt 681 % 1%, m, ~ %4
PhelDsPod 2V4a 11 61% 61% 61%
Phtla Flee 1 % 13 26V. 26% 26*%
tPhil El pf 4.40 30 110% 109% 110% +1%
Pill) El 81 n' I 4 23% 23"> 23%+ %
Ph&RC&Il ,40a 2 13% 13% 13%-%
■Mlco 1 80b 4 23Va 2 % 237-a + %
Phiilb Mor 8b 2 463* 45% 4t% x %
PhllllP Pet 4 80 14 f4*-i, (3% e4%+l%
Pb'lllD* Pet art 29 *2% 42% 42%+ %
Pitt Con Coal 3 3 3954 39% 39% + %
Pitt PI G1 70g 8 4;% 42 42 - %
rut hc&b 60a 8 e% 6% e%
Pitt Steal- 10 19% ia% l^b+i%
Bales—
Stock and Add Net
Dividend Rate 00. High. Low 1:15. chge
t PtttS tl orol A % 1JO 70 77% 78
Pot Elec Pw 90 4 13% 13% 13%+ %
Pressed Stl Car 7 11 10% 11 + %
PrwAOm? 6<1» 1 64% 6«% 64% +1
PubSvColol 40 14 25% 24*4 25% + %
PbSvcEAQ 1 80 16 22% 22% 22% + %
PSE&G Of 1 40 15 25*4 2f% 25*4 + %
Pub S-Tirt t SO 9 78% 7e% 78% - %
tPbSvInd 3’4nl eo 82% 87% 82%+1
■ ■ Cl Si* 17 16 * 18 18'4 + %
tPublickrpMSie 50 90% 90% 90% + %
“iillmsn la 3 42% 47*4 42%
’•-••Oil 5 15 51 50*4 50*4 + %
QUAKR O 60h « 32% 32 32% + %
rz i.OCPU.- '20 7' 70*4 71 + %
tRRSecIlCenCk 370. £2 52 52 + %
Reading Co 5 * 2-.% 2i% 75% - %
•»*«• Rend lb 10 17*4 17*4 17*4- %
Oem.h *••% V,w 7’ 11% 10% 10*4 - %
Repub Pictures 3 3% 3% 3%
—rO stl 1 %g 9 3**4 36% 36%+%
Reyn Met tig 2 47 47 47 + *4
Revn Sura ‘ig 5 8% 8*4 8%
Povn T7*h P ° 11 ’7% ’2% 32%
Richfield 011 3a 3 56 *574 56 + **
Rob Fulton 1 %a 4 17'+ 17% 17%+ *4
•icwc'4 .v 1 51*4 51*4 51*4 + %
3AFEWV 5.40a 2 34% 34% 34% + %
St Joe I d 1 'ig 4 41% 41% 41%
at I e.p a n,4g 4 J2’+ 22*4 2 *4
StL PanF Df * 2 57% 57% 57% + %
St Reals P BOa 5 1T% '3% '3% - %
'StReals of4 40 30 9’ 91 92 +2
SavaecArm Ttig 2 17*4 17*4 17*4+ %
3chen1ev Ind S 5 3?% T2>4 32% + %
Scott Pan 2 3 50 49 / 50 +1
Scovlll Mfa "a * ‘2% 32% *2%+%
tScranEl nf3 36 20 81 81 81 +2
Seah A L PR 4 1 49 49 49 +1
Sears Rneb 5a 13 £2% 3 2% 52% - %
Selber Rub tie 1 11 • 11*4 11*4+ %
Sham O & G 2 2 ’0*4 30% 30*4 + Ve
vharorstl ’■+* * 41% 41 41% + %
Sham A* D 90s 2 48% 48% 48%
Shell 011 3 3 56% 56% 5*% + >4
Sheraton A 80 5 9 f*4 9 + %
Sllvei Kino Col 3 3% 3% 3%
Simmons Co 1 g 3 29*4 29% 29*4 + %
Sinclair Oil 2a 12 3**4 38% 38%+ %
'.o-e ■•'+», 3 4 37% 3’ 3? - %
SmithAlexl .50a 1 18% 18% 18%+ %
SoconvVac 1.00 21 30 30 30
""is’ ‘cel 4 4 12+ 124 125
SoCaroEA:G 80 3 7% 7*4 7%
10 PRtc 8"c 3e 1 60% 60% 60% + %
SouthernCo *8 5 11% 1 v n% + 1+
SouNatGas ?’4 11 41% 41 41 _ •/,
'Oil p- clBc Aft 6 60% <0 6C% + >/:
Sperry Corn 2 9 27% 27% 2714
Snteael 1 14 1«% 10 10%+ %
Squibb 7 24*4 74% 24*4 + %
StdBrnds 1.50* 8 21% 21% 71*4+ 1/.
Std Coll Prod 1 4 13% 13% l’%- %
StdOllCall.rWh 28 4514 44% 4*% - %
3td Oil Ind Cb 7 3 e4 «<% fj%
3td Oil N J 76 61% 60% 60% - %
Std Oil Ohio 5b ’7 34% 4% 34%+ %
Std Stl Spa 5b 10 70 / 50% 0*4 + %
3terllna Dr 5a 7 39% 30% 39%
Steve- .1 P -<a 7 42*9 4314 4319 _ y
•loir " ramn 1 4 14% 14% 14% - %
Studrbakr l'ia IS 27% 27 27%+ %
« G I 2n 20 19 ie% '9 + %
■U" b Bird,It 4 3 63% 63% 6*%- %
5utbP«ol'ia 7 24% 24 24%
*Sut'lP4 40pfwl 510 108% 10<% 105% +1%
-HOftACn 1 mu 6 *2% 3’' ' %
xvlvan B’ p* ?» 16 30 • 3<"% _>0% 4. %
%-T, G-nld '<ig 14 7% 7% 7%+ %
rPNN CP D5g S 31% 31% . IV, _
Texas Co 40 46% 46% 46% + %
Tex Onlfflnl 4s 11 95 93*4 94 - %
Tex PC AO 1 40 16 78% 37% 38 - %
Textron 2 12 17% 17% 17%+%
Thermold .80,. # S% 9% 91^
Third AveTr 5 >% 3% 3% - %
Thomas 8tl 2a 8 29% 29% 29%+ %
Tide W Assoc 2 7 55% 35% 35% + %
Tlmk DetAx 2b 6 18% 18% 18%
TtmlrR Pa [tiy 4 43% 4334 43%+%
Toledo Edls 70 xlO 1C% 10% 10%+ %
TransWorld Air 28 19% 1914 19% - %
Transamerl .20 24 19% 19% 19%+ %
Trl Cont 30a 19 11% n ll%+%
'Trl-Cont Df 8 350 104% 103% 103% -1
Truax Trl 60 2 16% 16 16
Twen C-Pox 2 19 17% 17% 17%+%
UNDERWIT, 3 51 51 51 - %
tin Carbide "a 73 59% 58% 58%+%
Un Oil Calif 7 33 35% 35 35%+ %
Unit Air L%gz. 13 27% 27 27% + %
Utd Alrc 2b 6 27% 27% 27%+ %
Utd Clair Whal 10 3% 3% 3%
Utd Corn 70 21 4% 4%
Utd DyeAChem 1 10% 10% 10% + %
£ru ’ 9 «7 66% 66% + 1*
Utd Gas Com 1 56 19% 10 19% a %
TPdOrsCprt 110 %, ,4, *
UtdOsImD 1.40 22 29 28-n. :8%- %
Utd MAM la 12 15% 15%
UfdPorarrTh 2 17 18% )8-. 16% + %
US&ForSec.Sog 16 42% 4;% 42%+ 1
U8Grnsum4a J 110 109% 110 + %
US Ind Chm 3a 10 62% 61% 62% +114
IJ • Leather 2 21% 21% 2114+ %
n-nes? 6 17% 17% 17%+%
USPlavCd.1%* 2 71% 71 71 - %
USRub2'i* 2 x 59% 56% 59%+ %
*u S Rub pf 8 170 130% 129% 130% +1%
US Smelt 3/*g 1 51 ‘1 al +1%
U S Steel 1 %e 72 38% 38% 38% + %
Utd Strs 2Df'/ia 6 9% 9% 9% + %
Umv LI T 1 20a 2 24% 24% 24% + %
VAN NRM 60a 5 14% J4 14% + %
VaCaroChem 13 11% io% 11%+1%
VaCcrChDf+tyk 3 116 11;% 116 +3
'% FIAPw 1 20 5 20% 20% 20% + %
Vitkina Co 2a 9 41% 40 41% +1%
WALORN 1.60a 2 27% 27% 27%
Walworth ,45a 6 9% 9% «% - %
arner p*ns 1 45 13 12% 13 + %
Warren Fdy 1 30 30 30 +1%
Warren Pet 80 3 27% 27% 27% *. a,
WesOAS 1.40a 6 311,4 31% 31%
Wst Ind 8ua 2a 9 37% 37% 37%+%
« P"nn Elec 2 5 28% 28 18 + %
VestAutoSUDOa 9 46% 46% 46% + %
Western Md 3 19% 19% 19%+%
West Un Tel la 7 35% 35 35 - %
esths*AlrB2a 21 -2% 32% 32%+%
Westhse Elec 2 41 35% 35% 35-4 + a,
Weston EJ In 2 3 31 30%** 30%
Wheel Steel 3 14 35% 34% 35%+%
WhiteSewM 2a 10 17% 17% 17% - %
Willys-Gverlnd 79 6% 7,„ a + %
Wilson A- Co l 4 121/4 12% 12%+%
• > :s El Pw 1.20 5 19% 19% 19 *+ %
vot. „ 12 42% 42% 42% ,.%
Worth PAM 2a 4 24 24 24
wxandWot 40a 5 13 12% n + a*
VALF A TO 2a 2 43 42% 43 t %
York Corn %g 5 16 15% 16 + %
ntt5l.7n.tr 1 tA. 3 46% 46% 46%+%
YnastStDrl 40 4 15% 15% ‘l%T%
ZENITH R 2a 6 62% 62% 62%+ %
Hourly Sales on the axchanae Today:
1 mi a rr .O .Oii .2.i>(: i.«. a2o COC
1 00 - m 760 OLu > no n m 000 nOO
tumt 0! trading 10 shares *ln bank
ruptcy or fece:veiiihip ot being reoraanzled
under the Bankruptcy Act or securities
iszumed by such companies Rates 01 dlv)
lends in tne icrenoins tame are annua'
nsbursements oased on the ast quarter ]
>r semiannual declaration Unless other
*lse opted »Declal ur extra dividends are
i°i tn uaed eld Called > Ex-divtdend
zr Ex -luhts a Also extra or extraa b Pluz
>tock dividend d Cash or stock e Paid
ast year t Payable tn stock estimated
:ash value on ex-dlvldend date g De
clared or paid so far this year b De
lared or paid alter clock dividend or
<plit-up k Declared or naid this year an
iccimulatlve Issue with dividends in ar
• earz p Paid this rear dividend omitted,
deterred or no action taken at last divi
dend meeting w Declared or [.aid tn
IBftl plus stock dividend y Liquidating
dividend z Payable in stock, exact cash
■ alue undetermined on defHratioD data
Chicago Livestock
CHICAGO. July 3 (JP) (USDA).—Salable
nogs, 10.000; slow. 25-50 cents lower; most
iecline on butchers over 300 pounds and
3n sows over 400 pounds; top, 23.25; most
choice 180-230 pounds. 22.05-23.15; choice
’40-270 pounds, 21.75-22.05; choice 280
$oo pounds, 20.75-21.75; few choice 310
100 pounds, 19.75-20.75; most choice sows
150 pounds and under, 18.50-20.25; few.
JO.50; choice 450-000 pounds, 17.25-19.00;
;ood clearance.
Salable cattle, 4,500; salable calves, 400:
daughter steers and heifers mostly steady;
jrime steers fairly active; otherwise slow;
:ows slow, steady to weak; bulls moderately
active, strong; vealcrs steady to weak;
wound half dozen loads prime 1,150-1,300
>ound steers. 38.25-38.00; most prime
(teers. 37.25-38.00: choice to low-prime
grades, 34.50-37.00; good to low-choice,
31.50-34.25; few utility and commercial
iteers. 20.00-30.00: load prime heavy
letters held above 28.25; good to low
>rime heifers. 31.50-36.50; few commercial
ow.„ 27.00-30.00; bulk canner to utility
lows. 19.00-25.00; utility to good bulls,1
!7.00-30.00: most good to prime vealersj
15.00-37.00: few at 40.00.
CnUKU _41__,_
er lambs steady to 50 cents lower; other;
lasses nominal; top native spring slaugh
er lambs, .'1:2.50; most good and choice1
ilau^hter ewes. 16.00-17.50; latter price:
or lightweights; heavy ewes quotable at
.4.00-16.00.
Chicago Grain
CHICAGO, July 3 (Jp.—Peed grains
naue a little progress at the Board of
rrade today but wheat was inedned to lag.
?ield reports said corn and oats were not
naking the best progress because of damp,
:loudy weather.
Traders said more wheat is coming to
he Southwest terminals ana export and
lour business are both inclined to lag.
Soybeans, especially the July contract
cere nervous. The July contract jumped
nore than 5 cents at one time on short
lovering. During the first nour wheat
was y. cent lower to V. hlehor. July, 2.34:
■orn was 8fc-iy« higher. July, 1.H9; oats
vere unchanged to % higher, July, 74J..
Soybeans were unchanged to 6s,. cents
l.igher. July, 3.11>/4. and lard was un
:nanged to 10 cents a hundredweight
ower. Julv. 16.00.
C. M. Galvin, stetlst'cian for James E.
3ennett & Co., estimated the production
>f winter wheat r.t 691.099,000 bushels
is of July 1 a-, co tpered with the Gov
;rnment forecast o' 705.175.000 bushels,
rhe downward revision in yield prospects
was attributed to heavy rains In Oklahoma,
Kansas and Nebreska.
All spring wheat indications were placed
it 360.500.000 bu'hels as compared with
1 Government estimate of 348,650.000
jushels.
1 " ~
Dividends Announced
NEW YORK, July 3 OP). — Dividends
leclared:
Extra.
Pe- 8tk. of Pay
. . . Rate. riod. record able.
Inderson Clayton __ $1 7-12 7-20
Jen Metals 20,-, _ 7-31 8-i6
Regular
tnderson Clayton 75c Q 7-12 7-20
Jen Metals 50c 7-31 8-15
lalliburton Oil W C 62uc Q 8-24 (1-10
Jkla Gas & El 32Vsc 7-13 7-30
tohr Aire .. . 25c 7-16 7-25
Talle Bros pf _ 60e Q 7-6 7-15
Toward Sirs . 37' -c Q 8-10 0-1
Kres' S H ',5c 8-10 9-1
Western Lgt A- Tel 40c 7-’ 6 -’-1
3ush Terminal I «'c_ 7-20 8-6
Increased.
Jkonite Co __ 50c Q 7-16 8-1
ingersoll-Rand_S1.60 .. 8-1 ^ 8-1
Comfortable Gains
Achieved by Stocks
On Leisurely Market
By the Associated Press
NEW YORK, July 3.—Quietly
and without any particular in
centive on the buying side, the
stock market today advanced
comfortably.
Steels and motors supplied
leadership. Good gains also were
made in oils, rubbers, chemical,
aircrafts, and distillers. Rails
were unchanged to a little higher.
Leaders were up more than a
dollar a share. Losses were scat
tered and generally measured in
a matter of cents.
Anderson Clayton raced ahead
nearly $6 at times after directors
proposed a 100 per cent stock
dividend together with a dividend
equal to $1 on present shares as
against 75 cents now paid quar
terly. At the same time an extra
of $1 was declared compared with
50 cents a year ago.
Firestone on its first sal.s
jumped up $3.50 at $93. The
company reported six months
earnings to April 30 equal to
$11.69 a share as against $6.68 a
year ago.
Volume was fairly light.
Stocks going higher included
United States Steel, General Mo
tors, Texas Co., Southern Paci
fic, American Telephone, Good
rich, International Nickel, Boe
ing, United Aircraft, American
Cyanamid, Dow Chemical, and
General Electric.
Corporate bonds moved nar
rowly.
Washington Exchange
SALES.
Potomac Elec Pwr com—50 at 13%. 20 at
13%. 10 at 13%. 50 at 13%, 50 at 13%.
Southern Co com—15 at 11.
Pot El Pwr 3.80 pf A—4 at 42%. 4 at 42%.
Pot Elec Pwr 3.60 pfd B—23 at 42%.
Potomac Elec Pwr com—200 at 13%.
Wash Gas 4.50 pfd—5 at 103%.
Wash Gas com—100 at 25%. 40 at 25%.
PUBLIC UTILITY BONDS.
. „„ Bid. Asked.
Am T&T cv db 2%s 1057 113% 114 -
Am TotT cv db 2%s 19fll__ 107% 108%
Am T&T cv db 3%s 1059 113%
Cao Transit 1st rl 4s 1904 99% 100',.
Georgetown Gas 1st 5s 1961 113
Pot Elec Pwr 3%s 1977 _ 90
Pot Elec Pwr 3s 1983 _ 90
Pot Elec Pwr 2%s 1984 92 _I
Washington Gas 5s 1960 113 _I
„ . MISCELLANEOUS BONDS.
Ter Rf ft W Co 1st 4s 1958 101
PUBLIC UTILITY STOCKS.
A mop T« T.l i <i 4 at--.:
Capital Transit (a'3> _ 111 33
Pot Elec Pwr com (.90) _ 13V, 13%
PEP 3.80% pld A (1.80) 43% 43%
PEP 3.60% pfd B (1.8(1) _ 42% 43%
Southern Co com U (.80) 10% 11%
Va El A Pwr com U (1.20) 20 20%
Wash Gas Lt com (1.50) 34% 25%
Wash Gas Lt cum pf (4.25' 97% 9 '%
Wash Gas Lt c e pfd «4.501 103 lu4
NATIONAL BANK 8TO ,’KS.
Capital (tl) '8
Liberty (8) _ _ ^ 325 I
Lincoln (t5) _____ 34i>
RU*s (tl2) 362 370 ’
Washington (t.tio) _ 38
TRUST COMPANY STOCKS.
Amer See A Tr (tl) _ *31% 32%
Natl Sav Tr (t8> . _ 457
Union Trust Co (tl) _ *i'!% 45
Wash Loan A Tr <tl.20) 43
SAVINGS BANK STOCKS.
Bank of Bethesda (tl.50) 41)
Com A Savings (tlO) 315 316
FIRE INSURANCE STOCKS.
American (tfil 210
firemen's (1.60) __ 3J
National Union (.75) 20
TITLE INSURANCE STOCKS.
Columbia (t30> _ _ 13
Real Estate 06) 162 19J
MISCELLANEOUS STOCKS.
Carpel Corp 13 16
Garflnckel com 41.50) 19 19%
Garflnckel 5%% pfd (1.375) 21% 23
Garflnckel 4%*, pld (1.125) 19 19%
Hecht Co (1.801 *31% 34
Hecht 3%% cm pf (3.75) . 90
Lanston Mono (2) 17% 18V,
Mergenthaler Lino (a.80> 26% 28
Natl Mtg A Inv pld (a.30) 8%
Peoples Drug St com (2) _ 30%
Security Storage (+5) *117 123
Ter Rel A Wh Corn <3> 52
Wdwd A Lothrop com (2) .32Vi 33V,
Wdwd A Lothrop pfd (5> 106
•Ex dividend b Books closed. tPlui
extra or extras a Paid so far this year
d Paid In 1950 u Unlisted
Produce Markets
Produce quotations from Baltimore,
furnished by the Agriculture Department:
Apples—About steady new and dull old
Bushel baskets transparent?. Delaware 2
inch minimum .LOO: 2V* inch up. 0.25-50;
2 inch up fair quality. 1.75-2.00. Pennsyl
vania. 2*/4 inch up. 0.50.
Potatoes—Firm undertone. U. 8. Js
size A Cobblers unwashed. Delaware, 100
pound sacks 2.25-50; dark. 2.00; un
classified. 1.00-25. Maryland. Eastern
Shore 100-pound sacks best, 2.40.
8weet potatoes—Dull. Very few' sales.
New Jersey type U. S. Is. bushel hamper.
3.00- 25; V* bushel baskets, 1.50-75. few
higher.
Poultry Quotations.
Poultry—Market dull. Receipts moder
ate. Trading rather light. Fryers: 3V«
pounds and up 31-33. Hens: heavy type,
30-38. few higher; light type. 28-29. few 3.
Bean* and Beets.
Snap Beans—Slightly weaker Maryland,
dull others; Maryland, bushel baskets and
bushel hampers and sacki. per bushel.
Valentines, 1.00-2.00: fair qualitv. 75
1.25; New Jersey, bushel baskets. Bounti
fuls. 1.50; round, stringless. 2.00.
Lima Beans—Slightly weaker; North
and South Carolina, bushel hampers, 2.50
3.50. according to quality.
Beets—Nearby, per bunch. 4-5.
Broccoli—Crates. Maryland. Ks. 1.25
1.50; Pennsylvania. 12s. 1.00-2.00. ac
cording to condition.
Cabbage—Slightly stronger: bushel bas
kets, packed locally, round. Maryland. 60
76; fair quality, 40-50; Pennsylvania.
75-1.00.
Celery—Slightly weaker: half crates,
washed. Golden. New York. 2-4 dozen.
3.00- 3.50; few 3.75: 5 dozen and smaller.
2.00- 2.50; New Jersey. 4-5 dozen. 3.00;
New Jersey, erdtes. hearts. Golden. 60s.
4.00.
Corn—Weaker; offerings heavy and not
clearing; crates, mostly 5 dozen. North
Carolina, early sales. 2.00-2.50; few high
as 3.50; late sales. 1.00-1.75; white, early
sajes, 2.60-3 25: few 3.50; late sales,
1.75-2.25; Virginia, yellow, early sales.
2.00- 2.60; late sales. 1.100-1 25: poorer,
low as 05 cents: white. 1.60-2.00; North
Carolina, sacks. 5 dozen, yellow, early
sales, 2.50-3.00; late sales. 1.50-2.00.
Cucumbers and Eggpiant.
Cucumbers—Slightly weaker: bushel
baskets. Maryland. including Eastern
Shore, ordinary quality to fair quality,
1.00- 1.50; poorer. 75 cents; nearby, half
bushel hampers, generally good quality.
1.00- 1.25.
.Eggplant—Slightly weaker: Florida,
bushel baskets and bushel hampers me
dium to large. 2.50-2.75; fair quality.
1.75.
Escarole—Ohio. 16-quart baskets. 75
cents
Greens—Bushel baskets, nearby, col
lards. 50-00 cents: kale. 00-65 cents.
Lettuce—About steady; New Jersey.
Extern Iceberg crates, Iceberg. 2 dozen.
1.50-2.00; few fine quality, high as 2 50;
18s 1 25-1.75* New York. Eastern Ice
berg crates and other various crates. Ice
berg, 2 dozen, 1 50-2.25; 18s, 1.50-1.75:
12s 1.15-1.25.
Okre—Florida, bushel hampers, medium
to large. 4.00-6.00; some very large, low
as 2.00.
Livestock Market.
Cattle, 100: small supply cows met an
active trade at fully steady prices, some
sales 50 cents higher for two days: few
commercial cows. 28.00-31.00: utility,
25.00- 28.00: canners and cutters, 21.GO
25.00: odd head commercial sausage
Ul'.u> to
Calves, 125: slow, steady, receipts main
ly qood to prime vealers that sold In
price range 38.00-41.00, the top.
Hogs. 400: slow; barrows and gilts 25
cents lower:* sows olf 50 cents; choice
170-230 pound barrows and gilts, 23.75
24.00, the top; 240-260 pounds, 23.25
50; 260-300 pounds, 21.50-22.75; over
300 pounds. 21.00 down; 120-140 pounds.
20.50- 21.00; 140-160 pounds. 22.00-75;
sows, under 400 pounds, 19.50-20.00;
odd head. 350 pounds and lighter, occas
sionally 20.25 or above; 400-450 pounds.
18.50- 19.00; heavier weights, 18.00
down
Sheep, 75; receipts mainly odd lots
spring lambs, no sales, lew small lots
choice and prime spring lambs late Mon
day 34.50, the top.
Grain Market.
Flour—Receipts. 6.052 100-pound sacks.
Wheat—Receipts, 6.990 bushels; ship
ments. 175,667 bushels; stocks. 2,035,516
bushels. No. 2 red winter garlicky, spot,
domestic. 2.19: July. 2.19; No. 3. 2.16.
Corn—Receipts. 138.116 bushels: ship
ments, none: stocks, 2,383,182 bushels.
Oats—Receipts. 1.925 bushels; ship
ments. none; stocks, 8,065 bushels.
Barley—Receipts. 6.748 bushels; ship
ments. none; stocks. 54.838 bushels.
Rye—Receipts. 83,789 bushels: ship
ments. 353.500 bushels; stocks, 676.411
bushels.
Soybeans—Receipts, none; ahlpments.
none; stocks. 32.244 bushels.
Mlllfeed—Receipts. 183 tons.
Eggs and Butter
Eggs—Market slightly weaker. Demand
good. Offerings moderate. Wholesale
prices: A large 60-62; A mediums, 55-56;
B large. 64-55: current receipts offerings
light, ungraded 48-51 according to quality
and weight.
Receipts—Butter, 42.495 pounds; eggs,
172 cases.
New York Cotton
NEW YORK, July 3 UP).—Cotton fu
veloped an easy tone In forenoon trading
today. Scattered liquidation met only
scdle down trade buying and short cover
ing. Pre-holiday influences tended to
curb activity in futures. There vrs some
further switching from old crop July to
later months and outright selling of tha;
delivery.
Noon prices were 35 cents a ba!
higher to 15 cents lower than the pre
vious close. July 44.84, October 36.40
and December 36.04. L
N. Y. Bond Market
(Famished ki the Associated Frost.;
LIST INCLUDES ONLY SELECTED ISSUES
runsiun 1.10
Canada 3 Vis 81 102
Colombia 3s 70 47%
Japan 6'/is 85 72%
Taiwan 5 Vis 71 56
NEW YORK Cm
3s 80 108
DOMESTIC 1 15
AmA-FP 5s2030 88
AmT&T 3%sH3 115%
AMT&T 3*4573 102%
AmT&T 214sfil 1C8
AmT&i 2*s7o 23%
Am Tob 3s 82 100%
P & O 5s 75 B 68%
i&O cv4Vi201U 57%
B & O 4s 75 A 83%
B.wO PLE 4s 80 81
B&O SW 6s 80 76%
Bell Pa 5s 80 C 111%
Borden 2%5 81 93%
Bos Me 4%s '<u 93
Buff R&P 67 si 76
Bush Trm 5s 55 88
Can Sou os 82 101%
Can Pae 4suerD 100%
Can Alrl 4s 60A 91
CenNYPw 3s 74 96
CRRNJ 3Vis 87 48
C & O 4VaS 02 117%
0&f 3vns »ll E 97%
CB&Q 4 Vis 77 109%
Cni & E i me H7 /2%
Col8P4 Aie2044 62
Cht US 3VsS 83 100
Chl&Wl 4 >45(12 103%
CIT Fin 2Hs5» 96%
ClnUnTr23/4s74 94%
Clt Serv 3s 77 94V*
CCCSL 4 Vis 77 64
Clev El 111 3s7() 100%
C0I&80 4 Vis 80 89
Col O 3s 75 A 95
CGEBcv2>is62 10
cont Bak 3s 65 99%
CubRRT %40rct 33
D&R In4 *42018 75
Det Ed r* Ma 58 107%
Det Ed 3s 70 99%
Firestone 3s 01 100%
HarR&P 4s 54 101%
H&M Inc »5 57 34%
I C 474s 66 9974
Int Ol NO 6s 52 51
Koopers 3s 04 99%
Let) V 4s 2003A 02
Uh V 4s 2003D 50%
Lorlllard 3s 76 99
MSPSfiM 4s 91 57%
M-K-T Ist4s90 86
Mo Pac 5*7,5 49 6074
Mo-Pac 5s 05 A 106%
Mo-Par 5a 81 I 1C6%
Mo Pac 4a 75 93
Nat Steel 3s 05 99%
NOTJa 6s 64 100%
NYC6s2U13 70
NYL'4*4s2013A 6374
4 Y C 4s 68 607a
NYNHln4%s,22 53
NYNHH4S2007 69%
No Pac 4 %s 75 101%
No Pac 4s 97 100%
OrWsRRN 3s 60100%
P G & E 3s 79 97%
?hPetcv2%s7S 120
3I£F 4% 2022 77%
3LSP 4s 97 9374
3o Pac 4*48 09 95
3oPae4*4sOr77 99
rex Coro 3a 05 102%
T & P 3%s 85 98
Third Ave 5s0O 23%
On Pac 2Vas 91 90%
Vanad3’4a65 108
W Sh 4s 2301 r 5974
Wit Cen 4s 49 84%
Wls C 4s SD 36 «5
N. Y. Curb Market
LIST INCLUDES ONLV SELECTED ISSUES
I ■
Air Assoc ,20w 15
AmBantam cat %
Am Marac 10* 5%
Argus Cam Vs* 8
ArkNGsA 60 15%
Atlas Com ww fi%
tab * W11 2a 33%
BariumStI .20* 7%
Breeze Co %h 7%
3rlt-Am 011 1 32%
Brown-F Dls.80 19
Burma Ltd 7/i»
CalA'EdmCn 10 13%
Cal El Pw 60 7
Caivn CnsOAG 5
Can Marconi 3%
Chief Cons Min 1%
Claude Neon 3%
Comm P Svc.flO 12%
Cr-- Pe' "o.- 71%
CubanAtl Sue 3 33%
”-t Orav Iron 2%
Divorce* Co 11%
Dom Fin 10* 5
DomStftCP-s 31%
>om TACh 1 % 34%
Dumont A %* .434
East O A- F ’it 1234
El BodASh ‘if 21%
Eureka c ftd 8k
fairchd Cm %* 32
Fairch E A A 6%
Ford MI td 17* ’6%
Giant Yell 714
Goldfield Con %
GtLakesOllACh 2%
Hazelt'ne C >/,« 33%
Hecla Min 1 12%
Huou- . Oti 4 115
Imn Oil 60 31%
Kaiser-Frazer 5%
Klncs Co Lt 40 8%
Lanston Mon 2 18
Le Tourn*AU 16
Louis LiE 2a 37%
Mead John 60a 13%
Mesabi iron 7Va
Mich Bump .80 7%
Mien Su*ar 1%
Mid St Pet V.f 14
Molrhdenm '^a 33%
Mt St Pw .42h 10%
Nat Fuel 0.80 '2%
NatRubMch Vat 12%
N En* T & T 8 108%
N En* T & T rt. 4%
New Pk M 03a 2%
Niles BemP %e 17%
Northrop Alrc 11%
Kden Cp 10a %
Pancoastal 011 5%
■’antener Ol) 5%
Pennroad'/4t— 14%
Pioneer Odd 1%
Pit Metallic 2a. 37
•p* laris M 20* 4%
’roducers Corn 2%
’ariheon Ml* 8%
Rotary El 8 3 41%
te 011 28 13%
Sayer&Fish V«f 3
icnulte D A 1*4
Pcullln Stl *1 k 29%
the'. Denn 30* 6%
3rE4.32Dfl.08 25
5td Ol) Ky 2a 38
'echnlcolor 2 18%
Tri Cont war 3
Jnexcelld Cnm 5%
ltd Air Prr d 5%
Utd ShMch 2% 41%
U 8 nir Cond 1%
U S Rad s4* 8%
Utah Id Bu* >4* 3%
enrzuela Pet 9
Wa'thm Watch 1%
WriKhtHar.10* 1%
I Business Briefs |
Business failures in the week
ended June 28 rose to 188, from
180 in the preceding week and 156
in the similar week last year.—
Dun & Bradstreet.
Textron, Inc., has sold its rayon
j weaving mill at Charlotte, N. C..
to Vanderbilt University for $2.7
million. Officials said the sale
would have no effect on oj | rations
of the plant, which employs 400
workers.
Sinclair Refining Co. has or
dered two 25,000-ton tankers to
be built at Bethlehem Steel Corp.
shipyard at Sparrows Point, Md.
The vessels will carry 210,000
barrels of gasoline or 175,000 bar
rels of crude oil.
General Electric Co. plans to
j build a $6 million electronic tube
plant near Aniston, Ala. Comple
tion is scheduled for early next
| year.
Reynolds Metals Co. plans a $12
million expansion of its aluminum
plant at Longview, Wash., in
creasing capacity from 40 million
pounds a year to 105 million.
Lehman Corp. announced plans
j to offer subscription rights to
129,875 additional common shares
; to its holders in the ration of
i one new share for each 15 held.
Its stock recently has been sell
ing for about $70.
Western Maryland Railway Co.
received Interstate Commerce
Commission authorization to is
sue $3,450,000 of equipment trust
certificates.
Servel, Inc., announced it had
begun volume production of its
new electric refrigerator, which
contains no moving parts.
Firestone Tire & Rubber Co. net
profit for the six months ended
April 30 was $23,082,048 or $11.69
a share, vs. $13,320,055 or $6.68 in
the same period last year.
Loew’s, Inc., earned $1,341,754
or 26 cents in the 12 weeks ended
June 7, vs. $1,032,478 or 20 cents.
American Gas & Electric Co.
earned $25,471,110 or $5.01 in the
year ended May 31, vs. $22,087,026
or $4.48.
Appalachian Electric Power Co.
earned $10,728,551 or $28.95 on the
preferred, vs. $9,922,684 or $26.67.
Montana Power Co. earned $10,
600,735 or $2.60 per common share
in the May 31 year, vs. $7,878,948
or $2.79.
El Paso Electric Co. earned $1,
407,268 or $3.51 in the year ended
with May vs. $1,314,546 or $3 26
w'v*v“» owrcs, inc.,
earned $272,530 or 46 cents in the
May 31 quarter vs. $419,556 or 70
cents.
Consolidated Laundries Corp.
earned $170,802 or 49 cents in the
12 weeks ended June 16 vs. $165,
548 or 47 cents.
Ohio Power Co. earned $10,600,
735 or $52.37 per preferred share
in the year ended with May vs.
$8,879,575 or $43.87.
Foreign Exchange
NEW YORK, July 3 UP).—Foreign ex
change rates follow (Great Britain in dol
lars. others in cents):
Canadian dollar in New York open mar
ket, 6,". per cent discount or 93.81'/« cents
up y« of a cent.
Europe—Great Britain (pound). 2.80%,
unchanged: 30-day futures, 2.80,'1, un
changed: 00-day futures, 2.80%, un
changed; 90-day futures, 2.81,un
changed. Belgium (franc). 1.98%, un
changed: France (franc), .28% of a cent
unchanged: Holland (guilder), 26.30, un
changed. Italy (lira), ,16V4 of a cent,
unchanged; Portugal (escudo), 3.60, un
changed; Sweden (krona). 19.35. un
changed; Switzerland (franc) (free), 23.05.
off .02 of a cent.
Latin America—Argentina (free), 7.25,
unchanged: Brazil (free). 6.50. un
Mexico. 11,57. unchanged; Vene
zuela (bolivar), 30.03, unchanged.
Far East—Hong Kong dollar 17.60, un
cnanged.
Market Averages
STOCKS. Indust RMls. Util Stks.
Net change- +.6 +.2 unc. J-.4
Noon today- 123.8 58.8 47.2 39.0
Prev day- 123.2 58.6 47.2 88.6
Week ago- 124.4 60.4 47.2 89.9
Month ago- 124.7 63.1 47.4 91.51
Year ago- 103.3 39.8 44.5 73.11
1951 high- 133.4 72.2 49.5 97.8
1951 low - 119.9 68.1 46.4 88.0.
BONDS. Rails. Indust. Util. FoW YhO*
Net change —.1 unc. +.1 unc. unc
Noon today 93.7 97.9 98.0 71.8 103.9
Prev. day 93.8 97.9 97.9 71.8 103.9
Week ago 93.8 97.9 97.7 71.8 103.6
Month ago 94.6 99.2 99.4 72.0 105.7
Year ago . 92.7 102.2 104.1 72.3 110.(1
1951 high _100 6 101.9 103.6 72.9 110.9
1961 low 93.7 97,7 97.6 70.5 103.6
(Compiled by the Associated Press.)
Metal Quotations
NEW YORK. July 3 (Ah.—Spot metal
prices today: Copper 24% cents a pound.
Connecticut Valley. Lead 17 cents a
nci-nd. No- York. Zinc 17% cents a
nound. Eest St. Louis Tin 1.06 a pound,
New York. Scrap steel.. No, 1 heavy,
44.00. Pittsburgh. J
House Group Studies
Navy Building Items;
Army Requests Cut
The House Armed Services
Committee today took up Navy
requests in the Defense Depart
ment’s proposed $6.5 billion mili
tary building program, after cut
ting items for the Army Medical
Center here and for Fort Belvoir,
Va.
The committee’s study is on en
abling legislation asked several
days ago. Today President Tru
man submitted a supplemental
appropriation measure to start
work on the plan. The request
was for $4,535,212,308, broken
down as follows:
Army, $1,237,069,698; Nav/,
$894,242,610; Air Force, $2,403,
900,000.
The Department originally asked
$2,084,800 for the Walter Reed
Medical Center and $24,292,500
for Fort Belvoir. The committee
late yesterday authorized $890,
800 for the medical center and
$17,029,200 for Fort Belvoir.
Those were among a dozen
Army items reduced from original
requests. The committee approved
another nine major Army items
without change. Among these
were $45 903,000 for Fort Eustis,
Va.; $7,470,000 for a Hampton
Roads (Va.) staging area, $2,344,
900 for Fort Story (Va.) and
$21,409,000 for an ammunition
loading point at York River, Va.
Committee members said they
are pushing ahead as rapidly as
possible on the $6,561,272,387 bill
that includes $7,783,400 in pro
posed Army, Navy or Air Force
construction projects in the Dis
trict. Maryland would have
$201,841,065 worth of projects and
Virginia $268,295,030.
The biggest item acted on yes
terday was $61,223,800 worth of
general military construction in
Alaska. Th’s w~-■ -
tive approval. Besides reducing
many of the Air.I.. a
quests, the committee deleted re
quested construction items for a
New Orleans embarkation estab
lishment and a Louisville (Ky.)
medical depot.
After hearing Navy Department
representatives and acting on
Navy construction proposals the
committee will confer with Air
Force officials. Most of the hear
ings, which started last week, have
been in closed session.
Acheson Reported
Fund Skirmish Victor
By *h« Associated Press
Secretary of State Acheson was
reported today to have come out
on top in the first minor skirmish
over his agency’s funds for the
current yaer.
Committee members said no at
tempt was made by the subcom
mittee handling the funds to make
their availability contingent upon
Mr. Acheson's resignation or re
moval.
Neither did any subcommittee
member sponsor an amendment
designed to hold up Mr. Acheson's
pay during the year that started
July 1.
Representative Rooney. Demo
crat, New York, chairman of the
subcommittee, predicted that nei
ther of the two Republican mem
bers, Representatives Stefan, Re
publican, of Nebraska and Clev
enger, Republican, of Ohio would
ask the House itself to withhold
Mr. Acheson’s funds.
However, Representative Phil
lips, Republican of California, a
member of the full committe but
not of the subcommitte, has
drafted an amendment to tie up
Mr. Acheson’s salary by indirec
tion. The Phillips amendment
would withhold funds for the pay
of any department official who
has been connected at any time
in the last five years with a law
firm that has represented a for
eign government government.
That Mr. Phillips told newsmen,
would tie up Mr. Acheson's pay.
Compensation Rates Rise
BALTIMORE, July 3 (>P).—
Maryland industries are going to
pay 10 per cent more for insur
ance policies to cover injured
workmen. State Insurance Com
missioner Harvey M. Chesney an
nounced yesterday, because the
Legislature raised workmen’s com
pensation benefits.
Fire Destroys 3 Buildings
At Virginia Box Plant
By th» Associated Press
WINCHESTER, Va.. July 3.—
The three buildings of a box
making plant were destroyed by
fire here last night.
The manufacturing, shipping
and office buildings of the Win
chester Cooperage Co. burned at
an estimated $75,000 loss.
James Sirbaugh, manager of the
company, said about 150,000
wooden packing crates ready for
shipping were destroyed. Origin
of the blaze was not immediately
established, but Mr. Sirbaugh said
he believed the flames started in a
section housing electric motors.
The Cooperage company is an
affiliate of the American Package
Co. of Portsmouth.
Women's Clubs Ask Ban
On Flow of Narcotics
By the Associated Press
RICHMOND, July 3.—The Vir
ginia Federation of Women's Clubs
has asked Gov. Battle to do every
thing possible to curb the flow of
narcotics into the Old Dominion.
The federation, in a statement,
noted “deep concern because of
the sale to and use by minors of
narcotics in several large cities in
close proximity to Virginia.”
Loans on Real Estate
Ft?*raU* KtlM
Sales, Rentals, Insurance
GEORGE I. BORGER
643 Indiana Avenui N.W.
NA. 0350
LEGAL NOTICE
To Policyholders, Creditors, Stockholders
and all Others Interested in THE PRE
FERRED ACCIDENT INSURANCE COM
PANY OF NEW YORK. NOTICE was
heretofore given that on April 30, 1951, an
order was entered in New York Supreme
Court, directing ALFRED J. BOHLINGER.
State Superintendent of Insurance, to liqui
date the above company which waa dissolved
by said order. On June 22, 1951, an order
was entered in New York Supreme Court
adjudging the company insolvent as of
April 30, 1951, and directing that all claim*
must be filed on or before October 31, 1951.
Proaf of claims must be in writing, verified
and presented to liquidator on or befera
said date. ALFRED J. BOHLINGER, Super,
intendent of Insurance. State of New York,
Liquidator. 80 Maiden Lane. New York City.
ALFRED C. BENNETT, Attorney for Liqui
dator. New York, June 25, 1951.
DON MURPHY
ACACIA MUTUAL LIFE
BUSINESS & PERSONAL
LIFE INSURANCE
OV. 4406
^LEXA I
OIL COUP- |
Common Stock
Price 20 Cents per Shore I
Offering Circular from
■ you, own investment dealer
H o, the undersigned
'j Hone or write
Iteluer ft CO. I
B 42 »r**dw«Y.tUw Y<£ ,'*I-Y' 1
Tel. Dlghy 4-4100 1
Local Representative
MR. SHERLEY COLBERT
707 20th ST. N.W.
Washington 6, D. C.
District 1292—King 8-5171
OUR NEW HOME
Now Under Construction
at Seventeenth and K Streets Northwest
Offering more modern and convenient facilities
to further improve our services to our clientele
and continuous growth.
Jefferson Federal Savings
& LOAN ASSOCIATION
Fred A. Smith, President
1631 K Street N.W. • Executive 0747
All savings are insured up to $10,000.00
--4-fc

Evening star. [volume], July 03, 1951, Page A-11, Image 11
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], July 03, 1951, Page A-11, Image 11
About Evening star. [volume] (Washington, D.C.) 1854-1972