The Los Angeles Times from Los Angeles, California • 8

8 PART I BUSINESS FINANCE STEEL, MOTOR SHARES LEAD SELECTIVE RALLY WEDNESDAY, JULY 25, 1 945 Oil 71cm, Los angeles imcs Harlow Buys Interstate Plane Harlow Aircraft Co. of Al-hambra has acquired from Interstate Aircraft Engineering Corp. the complete line of light planes, including the 65 and 90 By HOWARD KEGLEY Continental Can First Half Net Shows Increase Over Year Ago By HAROLD WALSH Major Staples Close Higher CHICAGO, July 24. (JP) Grain futures closed steady to strong today after a somewhat easy opening. Rye and wheat led the advance.

At the close wheat was 1 to 1 higher; corn unchanged to higher; oats, to V2 lower; rye, 2 cents to 2 higher, and barley was A lower to IV higher. Th. Associate Press weighted wholesale lean Airways again was the liveliest performer, finishing ahead 14, but American Airways dropped 3 points. -On the declining side were Great Northern, Woolworth, Sperry, Anaconda, Kennecott, Union Carbide, J. C.

Penney and Caterpillar Tractor. The 15 most active stocks: tv-tpii'" vm -71 (3 11,024 989 for the same period of 1944 avahv, or $1.06 a common snare I l.nmW fo. nf Missonri. net Continental Can Inc. and! profit SI.

148.159 lor the half-year ended Faced with only minor reconversion problems, the electric utility industry is ready to handle immediate peacetimn power demands. At the same horsepower Cadet, and expects subsidiaries reported today net i $1,038,436 for the first halt of last year font char. Plymouth Oil net profit $1,004,211 for the 1945 first half or 96 cents a share, compared with $1,043,172 for the six months ended June 30, 1944, or S1.01 a share. Bridgeport Brass net pront for the six months ended June' 30 or 97 cents a common share, acainst for the same period of 1944 or 61 cents Norfolk Western Railway net income $13,128,862 or $7 66 a common share for the first six months of 1945. compared with $15,283,505 or $7.5, a share for the same period last year.

Sales Close Chg. Pan Am. Airways SI.IMio J8V4 l' Pac. Tin Cons 17.imm 8 Vnited Corn 12.700 Comwllh. it So lJ.loo 1 Va Colum.

Gas El 9,80 7i Aviation Corp 9.1 on 7Ji 4- 'a Bait. Ohio 8.50(1 SOTfc 8.000 11 Vt Klec. Pow. ht. 7.KM1 1IV4 N.Y.

Central 7.000 264 4- North. Pac. 28V. 4- Phil. R.

C. I. wl. 6.KM1 133. 4.

a Sinclair Oil S.2mt I.W. Int. Tel. A Tel S.600 5Vfc 4- "A Nash-Kelvin .0 lV'Vk V. NEW YORK, July 24.

(JP) Steadier tendencies appeared in today's stock market, with steels and motors leading a selective comeback, but dealings were the slowest in more than three months and losers plentiful. A little buying was based on the idea a technical revival might be in the offing. Earnings and dividends still provided mild bullish inspiration. Numerous customers, however, continued to trim accounts or stand aside to await possible developments in the far Pacific and news from Potsdam. Results of the British elections, due Thursday, also served as a cautionary factor.

Transfers of 640,000 shares compared with 750,000 Monday. The Associated Press 60-stock composite was unchanged at 64.2. Among favorites Pacific Tin edged into new high ground for 1945. U.S. Steel was up Bethlehem Chrysler 1 and General Motors Pan Amer- prices index of 35 commodities declined to 108.92: previous day.

108.98: week go 109.12: month ago. 109.28; year ago to start production at the earliest possible date, it was announced yesterday. Interstate has manufactured and sold in excess of 700 of the light planes throughout the United States, Mexico and South America. Harlow recently acquired all of the Alhambra airport properties owned by Transcontinental Western Air, including 150 acres of land and buildings covering approximately 120,000 earnings of $7,641,238 for the 12 months ended June 30, equal after preferred dividend requirements, to $2.62 a common share, compared with $5,041,138 for the preceding year, or $2.08 a common share. Other Karnings Follovr Gillette Safely Razor Co.

reported today for six months to June 30 net income of $1.824. 607. equal to 56 cents a share on the common stock, compared with Sl.821.141. nr also 56 cents a common share, in the first half of 1944. Shell Union Oil six months ended June 30.

net profit $16,957,487. eoual to SI. 25 a share on the outstandinar common stock, as compared with $14,507,369. or SI. 08 a share, reported for the first half of last.

rear. General Tire Rubber six months ended May 31, last, net profit SI. 211. 801. tn al 77 common share, against time it is preparing for import-! ant expansion postwar in the use of energy in many lines.

Marked growth is expected In the more profitable commercial and residential sales. The principal loss in load will be confined to industrial sales on which the profit margin is extremely narrow. However, this gap in the industrial division may be offset to a large extent by anticipated expansion resulting from new inventions, new applications of A well producing 50 barrels a day of one of the heaviest crudes ever found in the State has just been abandoned by Standard Oil Co. It is Lloyd Community No. 1, drilled on a hill southwest of Carey, at a point northwest of the old Gil-more refinery in Cat Canyon.

The output tested as low as 5 deg. gravity, and extensive dilution was required in order to pump, the product. The lease was obtained from Ralph B. Llovd and consisted of several small parcels in and along Bradley Canyon. The hole wa3 drilled through the Sisquoc and Pliocene formation in an attempt to develop lighter oil at depth, but failed of its objective.

Peak Cnide Output The coun- trv's peak in crude oil output wa3 reached in the week ended July 21 when it hit 4,939,600 barrels dailv, up barrels from the previous high. California was up barrels daily to 500 barrels of crude daily. IV lift Hleh 109.58 108.73 107.54 103.22 Low 108.15 106.03 103 43 95.54 (1926 average equals 100) BOW-JONES INDEX NEW YORK. July 24. The Dow-Jones commodity futures Index closed at 100.36..

UD '21' 1944 1943 1942 High 101.70 98.13 96.57 88.88 Southern Pacific Revenues Decline Southern Pacific Co. yesterday Low 94.52 82.44 88.45 83.61 GRAIN PRICES CHICAGO. July 24. (Pi Range: Open High Low Closp 1.63 1.62'i 1.63"41.K3' rw 164 162 163164 reported net operating income for the six months ended June 30, last, of $26,142,252, against square feet, in line with its post electricity and improved methods of producing goods in great $1,209,560 or S2.02 a share for the like war nlans for the nroduction of i Virion vV.r May 1.63'i 1-64 1.63V. 1.63 1.64 Corn- TOn-nc Superior Steel six months ended llgnt planes.

June 30. last, net profit $92,515. equal to 28,253,468 for the 1.18'' er quantity at lower cost. The picture for postwar power l.is'i i.ii'i lisva nep a co r-rl i a the cralo nf trip no-rit cents a common share, sih.o.jo Kegaraing tne saie 01 me nnni or 69 cems share in the arst hal OI Proxy Count Delays Huge Coal Merger PITTSBURGH, July 24 (JP) Voting by stockholders of the Pittsburgh Coal Co. today on a proposal to merge with Consolidation Coal Co.

was recessed until tomorrow because of the lengthy checking of proxies. The new company Pittsburgh Consolidation Coal Co. would be the woVlds largest commercial producer of soft coal, with combined assets of about Consolidation stockholders have sanctioned the proposal. 1.1H 4-18 May 1.18 use in the airplane and ship- plane division, Don r. srrutn.

1944. ing period 01 r.ia. trru.ss income for the respective periods was $313,168,318 and Sent. .64 -64 Dec. .64 .64 .64.

ff .64 Ma; .65 .65 .64 .643 ommnnwraiin twuinern months ended June 30. Inst, net income 11 am oo tn o-t nrfprrpri building industries, sharply ex- president of Interstate.deoriared panded during the war, is not that postwar plans for Inter-so bright. Aircraft factories are state will require all available share, against $11,868 803 or $8 01 a pre- 273.619. Rye Sept. .1.40 ner.

1 35 143 140', 1 .43 1 1 1.1K". 1J'1 I.JM June net operating income was S1.8."0,S01 on a gross of 1.32 1.34 1.32 l.J4J4 'a expected to use not more than $55,411,310. against $4,879,802 on: sept. l.ll 'a l.il -'4 l.ii 1.11 Ill's 1 11 1.11 l.ll'a Minority Group Loses in Management Fight CHICAGO, July 24. By a vote of 261,086 shares to 12,959.

stockholders of the Nu-Enamel Corp. yesterday defeated the efforts of a minority group to replace the corporation management at the annual meeting. All management proposed directors were elected. May 1.121'. 1.11 '4 1.12'i space formerly usert in tne manufacture of the Cadet for the manufacture of soft drink dispensing machines, refrigeration compressors, vacuum cleaners, and a line of small gasoline 5r.i,l4.5,li4 lor tne same rnonui of last year.

CASH GRAIN Wheat: No. 2 red. 168: No 1 hard. No. 2 1 64J.

1.65: No. 2 nara. I.h4 '4: mlvd- 1.64W1.S4V.: No. 1 red. 1.68; No 2 iflixed.

1 .64 Corn; No. 1 yellow, 1.18; No. 3 yellow 1 18 Oats' No. 1 mixed, extra heavy. 69: No lerrea snare me preceoing it monni.

Climax Molybdenum six months ended June 30. laM. net profit equal to $1.96 a common share, against $3 .277.934 or $1.30 a share in the first half of last year. Butler six months ended June 30, net profit $924,205. equal to 58 cents a share on the common stock, compared with $561,443 in the same period of 1944.

Pittsburgh Plate Glass six months ended June 30 net profit $7,037,000, equal to $3.18 a share on the capital stock, compared with $6,970,000 or S3.16 a share in the first half of 1944. Bamsdall Oil six months to June 30. net profit $2,272,775. equal to $1 02 a share, compared with $1,836,858 or 83 cents a share in the 1944 period. International Business Machines six months ended June 30.

net profit $5,063,523, equal to $4.42 a share on 1.145.926 shares. This compared with profit of $4 997.617 or $4 58 a share on 1.091.443 shares outstanding in the first half of 1944 Jones l.aoihlln Steel consolidate net income $2. 357.524 for the ouar- Tipe Line Plan Indorsed Asserting that present transportation facilities are inadequate to carry from West Texas the oil needed for war demands, Chairman Olin Culberson of the Texas Railroad Commission, has renewed his indorsement of the proposed pipe line from Midland, to Southern California. An application for such a line, to carry 175.000 barrels of oil daily and cost 545,000,000 to build, was denied two years ago by the Petro OVER-THE-COUNTER 1 mixed. 67: No.

1 special red, 67'4: No. 15 to 20 per cent of power used last year and the shipyards not more than 10 to 15 per cent of their 1941 consumption. Pent-up Demand Some of the fields in which the industry sees substantial. Industrial sales growth are contained in a survey just completed by the Edison Electric Institute. Indicating that the steel mills should be one of the best postwar customers for electric pow 1 soerial heavy red- 68.

Rarlev. nominal: Malting. 1.241? 139't N.A.S.D. Furnished by feed. 1.12fjl.23; sales, sample grade.

Power Output Increase The Los Angeles Bureau" of rower and Light reports kilowatt-hour output fnr the week ended July 21 of 52.2fi0.300, an increase of .74 per cent over the previous week hut down 23.56 per cent for the like week a year ago. Bid Asked BostA-AI 129 'a 1.15 44 Paint Concern Orders Extra NEW YORK. July 24. Directors of Sherwin-Williams Co. to- Rost Edis 41 Tobacco Shares Offered NEW YORK, July 24.

(P) A banking group headed by Dillon, BostEIRR 77 1.16'V NEW YORK. July 24. Cotton futures closed 30 cents a bale higher to 10 lower. COTTOM High Low 81' 106 91 66 BdvDBpr ioo Rullnrk's 86 CalEP. of 64 CalWa Df 27 Bid Asked Insurance Aetna 53 55 'i Am All 21 22 Am Cas 12 '4 13 Am Eo 18 19 AmlnsNk 17 18 Am Res 18 20 Bait Amer 6 7 FireFund 96 111'-, FirelnNk 13 Frank 22 23 Glens Fls 46 49 ninheA-Ft 10 IRead Co.

today offered 29 22 22 80 22.72 22.79 i 11 80 22.83 22.76 22.81S 22.83 jiA ter ended June 30. compared with $1,879 day declared an extra dividend ig35 the corresponding period 1944. Octoher December March May Jul' Middling 22 82 22.75 22 81 22 81 22 75 22 79 22.60 22.54 22.75n soot. 23 24n. 940 shares of R.

J. Reynolds Tobacco Co. 3.6 per cent preferred stock at $100 a share and accrued dividends. leum Administration for War. Valley Oil Xotei Standard Oil Co.

has completed its No. 5S-14-B well in Buena Vista Hills for 250 barrels at 4078 feet. The Xo. 82-23-B, in process of completion, is 26 25 19 15 31 11 35 1 55 Cliffs 20 Deen Rck 24 Disnev of 23 FedWG 18 Filtrol 14 Hearst Df 29 Inter Air 10 Kern Cty 32 Kinner 1 20 Knudsen 8 Do nf 10 of 75 cents a share on the com-j mon stock in addition to the regular quarterly of 75 cents, both Nominal er, the survey cites a pent-up demand for 12.000,000 automobiles, a postwar market for to 10,000,000 homes and heavy demands for steel in- re Great Am 31 33 INVESTMENT FUNDS MARKET AVERAGES NEW YORK, July 24 BONOS DOW-JONES 40 10 10 10 10 Bonds Rails 2nd F. T'til lnd Last 107 00 115 04 97 92 108 41 106 55 N.Ch 02 08 04 .01 .03 1345 run (tp" High 108 00 115 81 100 67 109 42 107 76 Low 104.86 112 56 30.30 108.50 106 49 STOCKS payable Aug.

15 to stock of record July 31. NASD. Furnished by LA Shipb 3 Bid Asked Tubire Rayon nrsl nail net prom $661,467 or 70 cents a common share, against $538,921 for the first six months of lan year or 66 cents a common share. KalamaiM Store Furnace six mnnths ended June 30. net profit or $1.18 a share, compared with for the similar six months of 1944 or $1.02 a common share.

Beech-Nut Parking six months to June 30, net profit Sl.fi69.129. equal to $2 44 a share, compared with $1,267 402 or 90 a share in the first half nf 1944 Bliss l.aughlin. six months ended June 30. net profit $271,602. equal to $1 a share on the common stock, compared with $275 907 or $1.02 a share in the first half of 1944.

Rustless Iron Steel six months ended June 30. net profit $1.08 1. 296. equal to $1.15 a common share, compared with Hanov 27 i'8J'. Hartf 107 112 Home Ins 27 MeriMfrs 5 6 Nat Lib 6 7 NY Fire 13 15 No River 23 24 Std Acrid 35 37 US FtfcG 41 44 "a Westch 33 35 Banks Bkrs Tr 49 LATrLincs 7 Mai RT 4 MassU nf 37 M.MrCL 17 Pac Alrmo 4 PacAmlnv 2 Other dividends follow: Associated rry fiwid 35 cents, against 25 cents previously: Sept.

1. Aug. 10. Rarnsdall Oil Co. Quarterly 20 cents: Bid Asked Affiliat 4 73 5 17 AmBusShr 4 15 4 54 Ase Fd 16 17 17.39 Bost Fd 19 96 21 46 Bullock 18 33 20 09 CemBhTr 31 65 34 0.1 Chem Fd 10 46 11 32 Comwl Inv 5 67 6 16 nivtri Rhr 1 42 1 57 DOW-JONES Sept.

8. Aug. 15 lnd. Palls Range Bit Manh 29 31 TJtil. 32 55 Comn 61 73 62 C7 161 33 56 65 cinrn Chase 41 44 32 71 Knickers 7.00 7.73 ManhBFd 9 91 10 89 Mass Inv 25 13 27 02 Mass 2nd 12 68 13 63 Slate St 53 00 56.00 UnBFd A 25 23 26 01 Do 22 07 24 12 Do 9 44 10 32 Do of 22 91 25 04 Do com 8 16 8 92 Local Ouotations NY Storks.

Asncult 11 92 13 10 Auto 7 47 8 22 Aviat 13 08 14 37 Bide Sup 8 43 9 27 Div Inv 12 33 13 55 Div Soec 13 25 14 55 9 1 11 4 7', 5 40 19 5 3 24 113 13 333. 32 12 27 11 115 47 98 60 88 32 46 61 58 FM Inv 27.28 29.90 61.93; Group Sec: .12 66 1 High 12 00 57 16 Low IhO 98 5 52 i Close lfil 73 56 95 i Net change. .0304 Shares 37.900 51.990 Chem Bs 56 59 ContlllN 109 114 Guar Tr 347 358 Irvina Tr 17 18' Mfrs Tr 58 61" oi 49.000 138.890 HIGHER GOAL SET FOR WHEAT ACREAGE WASHINGTON'. July 24. (JP) Secretary of Agriculture Anderson announced today that the national planting goal for the 1946 wheat crop has been set at 68.875,000 acres.

This compares with 68.808.000 acres planted for harvest this year. The 101(5 rye goal was set at 2,572.000 acres compared with 2.096.000 planted for harvest this year. Jones Laugmin Meel i.rw.. su cents: Oct. 6.

Sept. 1. Climax Moiybdenam C. usual 30 cents and extra 20 cents: spt. 2ft.

Seot. 14. Southern Railway quarterly 75 cems: Sept. 15. Aug.

15 Burroughs Adding Machine 10 cems: Sept. 5. Aug. 3. Pitnev.Rowes.

quarterly 10 cents: Aug. 21. Aug. 1. Seryel.

quarterly 2S cents: Sept. Auto 6 85 7 51 Avlat 8 25 9 07 Chemical 5 94 6 64 LA EXCHANGE Nat City 43 46 DO Df 22 "a Doorof 107 Pac Mut 14 Plomb Tl 12s. PSvCOlo 31 PSv lnd 30 Rohr Air 11 15 Do 5s Df 25 Seab F'n 9 Bonds Amb 5s 109 44 BdvSA3s 6S CalCon3s 92 ConOfr3s 56 ConRP3s 83 Bond 9 37 10 30 reported to look like a 25-barrel pumoer. Murvale Oil Co. is ready to start the drill in No.

323-26-B, same field, and Honolulu Oil Corp. has started No. 165, after having completed No. 143, same field, for 530 barrels at 3506 feet. Research Laboratory Establishment of a technical service and research laboratory by The Texas Co.

Pacific Coast division's production department has been announced. William W. Robinson formerly chief chemist of the gasoline division laboratory, has been appointed chief chemist of the new organization with offices at Signal Hill. The new laboratory will carry out technical service and research activities connected with the drilling of and production of petroleum and the processing of natural gas. Coast Issues 65 60 55 86 1945 range.

High 169 08 63 06 33 50 Low 151 36 47 03 26 15 I LONDON FINANCIAL TIMES W. Ch. Last Tctrol 6 27 6 90 63' Sales AmTr SF 60 High 70 P.H F.o 4 93 5.41: Low 67 'i 4', BarnhartM 1700 PR Stock 6 19 6 81 Bolsa Ch sn 350 43 41' 61'. 144 9 65 7 Close Elec Ea 9 33 10.26 Steel 4 95 5.45 1. Aug.

9 Eaton Manufacturing Co. suarterly 7S Cessna sp 100 change Net Merch DO Dl Bk Amer 38 Calif Bk 58 Citiz Nat 46 S-l st Nat. 65 Title Ins 106 TJn Bk 150 Inc Inv 26 BO 26 H.I InvCoAm 28.25 30 71 aa on cen's: Aug. 2o. Aug.

6 Ol EXCHANGE DATA 68': NEW lORK pi.k.,n.p)Tm4nlli -Mills Cnrs a 1 Colo 1 50 2- 7 19 791 10 90 11 98 8 03 8 83 Kev Custon To Down Uneh Metals Oil RR PR Tn 29 56 32 39 159 6 43 9 Preferred A Common B-2 B-3 B-4 19 45 21 37 11 97 13.14 23 8 01; MarbleSs 117 PE5S61 107 112 PortE16s 129 115 Subwav4s 85 91 TelBS5s 101 106 Au 9 July 30 iCoii" Stl ad 130 l'a. Rubber Reclaiming 50 cents on- Do pf 1 34 278 srrears on 8 per cent preferred: Aug. 10. Crm Am sd 535 Aug 4. Flee Prod 1 200 Goebel Brewing auarterly cents: FarmerBIt 18 5 Sent.

22. Aug. 14 Parns Teiev 300 Steel Nat Sec Ser 20 86 22 85 Arden 14 15 Do Df 57 61' As Tel nf 23 25 BerkFSA 22 24 27 29 30 0: 8 05 a 9 89 6 09 Bond 7 33 LP Bond 7 75 Pf Stork .8 95 Jnrome 5 50 K-l K-2 S-l S-2 S-3 S-4 G. V. Murphy auarterly 75 cents: oarreii so.

Issues traded 810 263 332 215 New 1945 highs 7: lows 16 Total stock sales todav 640 000 shsres: Jan 1 to date. 215.916.809. yesr ago. 156.667.075. Odd lots, July 23: Shares Orders Purchases 113.9:'2 4 047 Total sales 86 910 3.657 Short sales 840 18 Total hopd sales.

Tday 4 890OO0. Jan 1 to date. J.l.559.796.610: yar ago. $1 767.525 900. govts.

30 0O0 26 68 29.28 14 77 16 25 12 82 14 1.1 Oen Mtr ad 378 sfem 1. An? 21 6 00 6 66 Stock lTnited Engineering Foundry Quarterly 50 cents: Aug. 14. Aug. 3.

5 83 6 4 20 'i 20 13'. 14'. S20 14 15 34 S0H IS1. 2S. 2 55 33 52'j 39a.

52' NEW YORK EOND PRICES L. conversion and highway construction, In chemicals, large volumes of energy will go for the manufacture of chlorine, chlorine derivatives, and caustic soda which find a wide variety of applications. Dielectric heating, it is pointed out, has become an essential production method in numerous industrials. It is used in the manufacture of plywood and plastics, for drying penicillin, and it may take on the role of destroying bacteria and weevils in cereals after packaging, Big Future Field In the paper industry the electric companies stand to benefit from the manufacture of war-developed products of many kinds and in the cement, industry the anticipated building boom will expand electric power consumption. A big future field for electricity in the glass industry is in the further mechanization of glass making and in its application to melting and annealing processes.

At the same time coal mines probably will supply a new postwar power market through the development of mechanized loading. Important from the standpoint of purchased power is the use of infra-red drying of pottery and related products. LIVESTOCK Is a selected list of transactions on the NEW YORK. July 24- 'Pi Following New York Stock and Curb Exchanges: BUTTER EGGS POULTRY 70 4, 4j 10fi'. 27'.

20 'a 29 14 14', 520 14 8'4 S5. 15 22 50', 25' 2 25 2 55 33 39 52'i 20 19 17 r- 31 3l 48 40 17 11 17 20'a 29 14 14', 520 14 65 15 2 54 503a 25' 15'4 253. 2 55 33 30 52', 20-1. 194 17 IK; 40 Sales fin Sales tin sioooi Close N.ch GenPaint sp 100 0 McBean 1 100 Goodyear ad 20 Kud Mtr ad 100 Poods 100 Lockheed ad 200 iMenasco 80 Occii Pet 500 Oceanic sp 20O0 Psc GA-E 2 191 Pac Light 3 140 1 Par Oil sp 25 Safew Sir ad 12 IS-erra Tr 80O0 'SVnrlair ad 310 SlOOOi Close N.Ch. Do 81 32 99 Bales (in S10OO) Close N.Ch.

Treasuries 2551-49 Dec 4 102 24 .12 4S 55 10 llil Do Do 4'4S 66 Worried About 10 1014 A 33 Federal-State Market News Service Los Angeles. July IMS rHTTTER 'Maximum ob. prices. US Grade AA. 43: Grade A.

42V: Grade Crada EGGS (Wholesale Drtees. consumer trades) lr2S 50 68.83 2 102.11 .11 LK 4's bj JU 20 19 88', Do 4'aS 69 29 98 95's Do rf 4s 55 13 104 93 'a I Do4'isOr77 43 A 45 "a SF Ter 4s50 1 106'i 84 SoRycn5s94 12 131 V. li 79 Do 4s 56 4 104 80 SW Bell 3s68 7 105 O.t. OL .01 Ol. IB tnt on os rt ao Do 1st 6s52 7 Do 5s 56 15 Do 5s 58 8 Tnt Irt 6s 44 31 Federal-State Market News Service CATTLE Salable.

1000; slow. largely steadv; medium to good fed steers. 15.00 16 00: few unsold: common to medium. 13.25''i 14 .00: medium to good heifers. 13 50i 15 oo- medium to good cows.

12 00 14 00: cutter to rommon. 10 00H1.75: canners and cutters. 7.50 6 9 50: common to good sausage bulls. 10OOA 13 50; few medium stockers. 13.00: others unsold CALVES Salable.

250- fully steady but two loads Texas calves unsold: medium to choice range calves and vealers. 14.00 16 00: common to medium, 12 00i 13.75. HOGS Salable. 100: steady: 180-300 pounds 15.75. the ceiling: sows.

15 00 SHEEP Salable, none; good tn choice wooled lamha ouoted to around 16 25. IN FLA' 2'as60-f4Jun 2 102 1 .1 2'is69-4Dec 3 101 30 .1 2'js 70-65 4 101.23 .2 2'js 71-68 2 101 21 .7 CORPORATION AhltPP5s53 st 2 100x4 Larga Medium 8mari SolarAir M) 38 SC Ed 1' H5 1 StdONJ3s61 3 103'4 1. Int Pan 5s 47 7 i no fts DO 511 1 1U4V. LOCAL GRAIN Los Angeles Orain Exchange Quotations nominal. Prices per In carioads only.

No 1 hard nr soft white wheat, bulk. 2 752 77; grading barley. 46 2 22t2.25: No. 2 oats. 35 hulk.

2.6542.70; No. 2 reliow corn. bulk. no No. 2 California milo.

sacked. 2 852.90. CAR RECEIPTS Wheat. 11: barley. 7: corn.

5: oats. 1: flaxseed. 18: flour. 9: bran. 6: cereal.

10: Halts. 8. 2: coffee. 2. soy 1 RAT PRICES Federal-State Market News ftervtca Hay delivered o.b Los Anveies, per ton; No 1 barley.

24.00 8 26 00. No. 1 oat. 5Q oo' 11 on 40 TexCorn 3s65 2 1064 Int TiVT 5S55 Z3 105 DO 135 215 160 ISO 100 553 30 AmFP5s203 16 102 AmIGC51js4'l 4 102 15', 17 31'-'. 31 '-a 4S4 401, fi'i 12.

13-a 22 17 ut 4'as ot a iui vs Grada A 47.5 42.5 fPrlcea to Retailers! Grade A loose 49 44 Grade loose 45 (Retail Prices: In Cartons Grade AA 58 50 Grada A 5 50 DO 3S 59 5 JH5 V4 TAP 5s79 20 105 103 JonAL 3V.S61 (So Pac ad IStdOCal ad 'SunrayO ad Transam iTruas-T ad Am TA-T 3s56 77 137 Th Ave 5s 60 8 5f Do 34S 66 29 10554 Do 61 37 105' 4 IKCFtS 4s 36 3 inc 75 2 iLehVHT 5s54 7 V-LVNY 4as50 1 UnPac Ist4s47 4 105 ia no 71 3 104 OL 374 i union nil 22 m. 55 4-85 88 "2 65 59'a 584 Wabash 4s91 4 91 'A '4 junir Oil ad 254 Am Tnb 3S 62 11 103' 4. Do 3s 69 25 103' a A AngCN deb 67 8 87 3 ArmCo4' js75 2 4s 95 10 106 o. paying prices, iiiciuaiii" usuiit Leghorn broilers, under 2'i 30 13 I MIMNO STOC KJ LehV5s2O03 st 1 Do 4'2S2003 48 Do 4s 2003 44 1 icA-M Ss 51 4 00 33 fryers. 2' to 4 lbs 30.133.1: j2r.r,fl .01 'i 01 119 ers.

4 IDs. ana over, i jj imoerial 10OO0 03. oj oj BANK DEBITS Los Angeles Clearinghouse Association yest-rday reported debits to individual accounts. 8R4. 253.379: corresponding day last year.

72. 149.896. ACL 1st 4552 IV i sn 45 2361 JO 87 Md 4s 52 6 105 Pac 2014 IO6V4 4 West 5s60 2 107 Do 4 "2s 50 12 10R Wilson 3s 58 7 104 WisCen 4s 49 10 82'2 Vi LAN3s2003 63 109 1 107'. Td-Bg-dlv gr-r-x-rtshts. eg-! ungraded, rt 8 No.

1. 30 SO 7150: US 2 lafy. 28 50930 00. US Manati 4s47 2 86 20 104 'a. de- ninsii.

rihhtu. under atras. Including Do 4'sS 64 BA-O 1st 48 Do 95 A Do 95 70' extras. ad As O.L. Odd lot.

2. 25.006 27.00. sp-pecial. 39 Bl 22 87 lbs. (ranch.) 22 ft 24.

V. D0 4S5D36 12 29 What may it do to your Savings, Life Insurance, Investments, Living Costs? Do you know how to protect yourself? Bead Roger W. Babson's timely 232 page book Inflation Comes." Simply attach dollar bill, your name and address, to this advertisement and mail to Dept. LAT-118. BABSON'S REPORTS Wellesley Hills 82, Mass.

SALESMES For information re. garding permanent position selling Babson's Investment Service contact by letter our Distributor Fred Petersen, 416 W. 8th Los Angeles 14, Cal. Babson's Reports Incorporated, Wellesley Hills 82, Mast. Foreign Bonds 11 HI '4 17 81 '4 l4 57 67 1-4 "a 12 105', Do 2000 Do 96 Do cv 60 Do 4s 48 PLEA.WV4s.51 94 "4 Arr 4s 72 Ao 89 93 1 89 1 35 l'i 1 88 "4 RR 88 48 MSPSSM 4s91 6 MKT 5s62 A 16 Do ai 5s 67 12 Do 1st 4s90 9 Mo 5'irs49 150 Do 5s 65 A 43 Do 5s 77 73 Do Si 80 53 Do Ss 81 I 24 Do 4s 75 168 6 NEW YORK STOCK EXCHANGE TRANSACTIONS I un 71 Australia 5s55 Do 4 "is 56 Brazil 8s 41 7 971-j Do SW 50 1 129 1 1 2 73 9 1051.

Bell Pa 5s60 BostMe4 1 Brk UO 4s 69 Lo Sales Close N.Ch. Kalf-l Close N.Ch.l 100 105 100 69 1 67 92 4. 1 107 19... R5 10 J-K San Close N.Ch. Pac Tin NEW YORK.

July 24. (M Sales Close N.Ch.f Sales Close N.Ch 6 9 t. 31 7a 170 84 -e 'a'Swtft 160a 7 4 82l4 8too But RAP 57 st NEW YORK CURB Mont 3S66 6 Itw 4'isS5 3 72 iFniin.in. i tabulation or Bur rorge 1 Wl 2 o.a 1 xrl 113', 1 Pac.W Oil Can 17 103 El A-Llte 1 tnriat', hoarrl lot. transac-: Bulova 2 1 602 1 Park Mtr.

15c 41 BuenA 4s77 56 Canada 2 Chile6sJan61 a 3 Colomb 3s 70 29 Cooenh 5s 52 2 Denmk6s42 5 Do rts 3S3 23 VEW YORK. July 24. ij Following tions on the New York Stock Burling 1J I11''4 I 4 16 'a 64 ll'i Do 3'is20O0 16 71 lMatDai3'4SfiO 12 106 l'i 1NFRR 4s 45 1 98 no 4s perp 1 JU4'. SCen 5P59 26 23 I Do cn 5s 45 36 78 9 15 2 71 1 1 are the elosina prices of active stocks on i Exchange showing the an- Burr AM i tha New York Curb Exchange: Inual dividend rate, volume, Bush Ter 3 21 -4 towill liiu ibuj 6Ji jSylv Elec 1 9 18'a 1'4 Sy-Oould i.t 8 i 65 Va Tenn Corn 1 2 30'4 iTexas Co 2 12 375. Pr 4 21 Tex Sul 2a 5 94 VA Boat 3.g 09g El PALt V' Do 6 Pf Do $7 pf l- S-l Rt Ttal.

osoz ji 111-2 4- Do 1st 5s45 6 113 5 inn 115 1 12S4 14 lo'a 94.., 17'a 334 16'. 25 10 tTlose closa ana net ensnse: 102 '4 4s53 1 Pan Air 310 Par.h EPL 2 4 iParaflme 2a 5 Param Pict 2 18 Park A TUford 4 Park 5 Parke 5 iParmelep Tr 7 Pan st 9 100 I CJos 3 J4 4- 34 '-4 24 24 L4 i 22-l4 '-4 23. 36'. 29 i. 371,4 V.

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1 The Board of Directors of PCA (Pennsylvania-Central Airlines Corporation) has declared an initial dividend of 25t a share on the outstand- ing common stock of the corporation, payable on August 8, 1945 to stockholders of record at the close of business July 25, 1945. RAYMOND G. LOCHIEL Vice President and Treasurer Brewst Aero Brown Nat Fuel Gas Nat Men Nat Trans Nat Tun NE PA 6s Df New Idea Ine NJ Zinc Niag Hud Pow Gair 30e, 14 Gar Wd ".40 8 35'i l2iChl Tool 2 14' 1 77" 24' 65' 6'. 52 '4 35'. IB', 8 24 '4 94 1 4 'i 17:14 7', 14J Vi 214 '4 iO'a 5fl'4 '4 224 Vi 2 25 Vt 1 1 17' 2 '4 5 7 I 12 107V.

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1 Clark Equip 3 3 1.20a 10 2714 il Cluett Pea 2 1 i7'" Colgate 1 7 liii, Col ft Alt 1 2 68 1 ii'Colo Fuel 1 1 13! il.ColA-S 1 Pf 2.30 Col Br A 1 89 98 18'i Purr, fill "-g 11 Do inc to 7 J. 21V ii GenOAdv 24' HO'i no 6s Df 6 2 IC 4s 53 4 96 4'j rn Pr Eo 1 Claude Neon LU 2( 2 2 Pur Bak 1.60 I tl'A i-D-Tnlr 4rt JGenPrlnk Unit 1.20a 1U Unit Panerbd 1 US A ForS 13 USFreight Vig 1 Cluo At uten Colon Develop 4'4 Colonial Airl 17 At'tZ. (Gen Pub Bv 36 GenRvS Radio 200- 48 7- 14' 19, 48 34" Am Pw fc Lt 20 Do $8 pf 5 Do si pi 7 Am Rad .40 43 Am Mill .80 25 Do pf 4H, 1.30 Am Raz 3 Am Seating le 1 Am Ship 2g 1 Pan-Am Air war Panteoec CM 13'i Pennroad 7t4 Pa Wat Pow 70 Pioneer Gold 51, Piper Aire 53 7' 1V4 Vr, Radio KO 14 RAtTt Comw So war 1-16 64 40 IKaybestos i'2 7i V. 6 RJj V. 15'.

51 9'. 2 21 1'. J's 29'4 42 1 1 4434 4:.... 65 3.4 Vt 18 26 13s 4 '4 T. 4 V.

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31 1. 4-1J 105' AmStlFdrs 2 Am Stores 1 Rem Rd 1.20b Mclnty h2.22a 3 MrK A 1.40 17 McL Strs .80 3 Mead .60 6 Menael .40 8 Do5sp'2' 1.30 Mesta Ma 1 Miami 5 M-C Pet 1 9 Midi Stl Pr 2 2 Minn-Moline 5 MinSPASS A 10 Mission lV'4e 3 M-K-Texas 80 Do nf 44 Monsanto Ch 2 2 Mont Ward 2 19 A Essex 1.20 Do ct 3 Motor Pr "re 2 Mot Whl 1.20 3 Muell Br 1 60 1 Mull Mfg 1 Munslng'r 1 '2e 1 Murray 8 Cornue Mm 11-16: GilSafRaz .80 IGimbel Jg I Do pf 4'i .80 "'Goe Brew .20 Good all I-1 Goodrich 2 Do pf 3-4 3 Reo Mot Am Stove 1.20 8 24 12 39 30. 3 54 V. 60 81 VA 67 24a, 5 25 US cnem 1a 1 US Lea A l'ag 1 US Lines 18 US Pipe 1.60 6 USPlvwd .80 3 US Real 10 US Rub 8 US Smelt 5 Do pf 3'4 1 US Steel 4 35 Do Df 7 2 US Tob 1 20 1 Un Stkyds Vie 1 Unit Strs A 9 U-Cyclons 2 Univ Pict 2 2 v-w Van Norm 1 1 ReDUb Av Am 9 20 1 Am Tob 3a 5 'ReDUb Stl 1 38 li 16'. 1.

17 31 19 7J. 7. 77 4 Vi Cong-Nairn 1 2 Con Cop 12 Con Ed 1.60 26 Con Film lnd 5 a. Do pi A 5 I Revire Con 3 Goodyear 2 no of 5 Pleas wins Premier Gid Pug Sd RKO opt war Rwy Lt See Ratal Cone Raytheon Mfg Reed Roll Bit Richmond Rad Rio Gr Val Root Pet Ryan Aero Ryan Cons Pet St Regis Pap Salt Dome Oil Samson Unit Srhulre tn At 1.10 105 s. 4 4-30'4.

4-'-. .28 a4 12 35 i. 20 23'. Goth Hos 'Ae 1 'a DO 3a ft I I 4 Do Df 6 1.80 152 'a Am Tyne 'ig 8 16'4 Am Viscose 2 4 47 3 a Am Wat Wks 21 0 This ts vnder no eireumstanees to be construed as on offrin( ofthtst Debentures for sals, or as an offer to buy, or as a solicitation of an offer to buy, any of such Debentures. The offer is mad only by means of the Prospectus.

This is published on behalf of only thoss of the undersigned who ar registered dealers in securities tn this Stat. $175,000,000 American Telephone and Telegraph Company Thirty-Five Year 2SA Debentures Dated Au fust 1, 19it Du August 1, 1980 Inttrest Payable February I and August 1 tn A'tur York City. 34 'a 86'i 60 'i 39 39 26 26 35 "4 13'a 27 1S74 Corroon de Bey 3 Crec.j Pet 26i Croft Brew 1 Crown Pet 10 Cuban Atl Sua 25'. Dayton Rub 7's Dennis Mfg A 7 Det Gray Ir 2'i Diam Shoe 27 Diana Strs 22 Divco Corn 20. Domest lnd A 4H El Bond St Sh 14'.

Do Pf 102 Grph-Paiee OrCStl 1 109 Do nf 6 Grant 1.40 v. Reyn Met Sprg 1 4 v. Reyn Tob 1.40a xdlO i. Rheem 1 4 il Richfield 60e 3 Do of 1 12 i 10 22 Am Woolen Vanadium 'iff 164 33 '4 19 V. ll'i 23 '4 35 li 18 V.

GtNIO rtl'-e 1 OtNRy pf 3 16 GtWSug 1.20g 4 Am Zinc -10g 3 Anaconda 2'a 32 Ana WAC 1 2.30 Roval TvD .60 3 fi4 4'-. vert sue lg Vick Chem 2 Vtr. rhrm 'ii Seaal Lock firppn 101 2 Do 85 pf Va Ry pf l'j wah nf 4'-ir Selected Inous Semler (R Bi 19i. Ruberoid 1 1 Rustless I 60a 1 Safeway St 1 1 St Jos Ld 2 2 Sav Arms V'4g 6 Schenley 2 19 Rhrrvin.Wmi 110 73 Walereen 160 Greyh'dl 40a GrAirE 1 'i Guan Sua Gulf MAO Do pf 2Ve Gulf Oil la 2'i 29'i 10 1'h Walker ht '2 Do nf hi Walwth 6a 32 5. 51 1 i 1 40 13 54 65'i 9'a 43 12 26 94 108 -Vi 68, 31 14 i Do pf 4 'Con Laun 'g 2 'iConNGas la 10 i Con RR Cu pf 1 iiCon Vul 2 10 Do pf l'i.

2 3.g 2 '4iCon Bak 7 Cont Can 1 6 ConDPib 20g 3 i. 'Con Ins 1.60a 3 1." icon Mot 22 i ConODel 1.60 13 Cooper-Bess 1 1 "MCop Stl .80 7 i 3.40 Pr 2.60 4 Corn -D El .80 6 Gl 3 Coty 4 ICrane 1 12 Cr of Wh 1.80 1 i iCrosley 1 7 CAS 1 1 Do Df 3 1 Cr Zell 1 1 Do pi 2 Stl 3e 6 Ja Do Df 5 1 i Cub-ASug'-ir 10 19 44 10... 57 'a 26 118 "4 1 19 8'5 22 Seabrd Oil 1 3 Warri Halt A 1 Sears Roe 3a Serve! 1 Fl PL war Elliott Co Esouire Ine Fairchild Cam Fairchlld EArA Fansteel Met Fedders Mil Ford Mot Ft Pitt Brew Garrett Coro Gellmsn Mtg Gen Finsnce Glean Harv Glen Aid Coal 29 28'a 9s. 42s. 4- a 12 50 '4 1 10'i 30 'i 19 15 55" i 60', V.

17 Vi 31 4-8'. V. 31 37 4-1 40 1 47 a 4- V. 44 97Vi 19 '4 30 13S'4 V. Shamrk O.20a 34'.

7'' 5- 8 8'. Price 100 and Accrued Interest AndClayt i Andes Cop 1 1 APW Prod 2 Arch-D-M 2 2 Armour A Co 52 Arm Cork 34g 1 Artloom .40 2 Assd Gds 1 2 AT A SF 6 16 Do pf 1 AtlCLlne 21 11 Atl Ref li, 7 Alias Corp '4 7 Do pf 3 1 Aust Nichols 1 Aviation 92 Bald ct IS Bait A Ohio 88 Do pf 25 Bangor A Ar 2 Barber As 34g 7 Barna Oil .80 14 26'i 6 HI Harh-Walk 1 1 Hart Sch 1.60 1 Hat Am A '4g 1 Hayes lnd 1 18 Haves Mfg 22 Hecht 1.20 I Hclme 3g 1 Here Motor 1 1 Holl'd Furn 2 7 Holly Sugar 1 1 Sharon stl 1 Shell Oil "ag Silver King Simmons "2 Rim Stl Simplicity Pat 3t Solar Aire 17 Solar Mfg 8 Sonotone 3' Cal Ed pf 31 'j Spencer Shoe fl Stand Cap A 8 St Lawrence of 22'. St Oil Ky St Pow Lt Stand Sil-Lead S'erling Ine Stinnes Hl 14. Technicolor Texon Oil 7 Textron Inc 27" Tonooah Min 2 Transwest ril 41 Union Can "7'i, 35 33 13.... 24 16 V4 49 27 Vi 40 71 "a 32 67 'A 'A 20 10 '4 10'A "i 2 ri 16 20 Vi 35 31..

23 45 'j 9 "a 25' i1 4S 83 1 46 28 32 V. Tl 36 V. 29 14 8 23 i Va 14 101 1 44 14 54V4 90 17V4 15 Sinclair Oil 1 18. 21 17'. a 11 47 A 64 IHomestake 7 H-Hersh 1 7 Fin 1 40 8 Skelly Oil le 3 Sloss Stl .60 2 Smith AO v2g 2 Soronv-V '4 34 SoAmOold.lOe 4 SoPSue 4 So Cal Ed 1 'A 3 DO 15 Warner Pict 38 Wauk Mot 1 1 Wayne 2 2 WIndSue la 9 West Air 10 West Auto 1 1 Maryland 15 Do 2d Df 4 West Pac 3 17 Do Df 5 West Un A 2 WestAtrBr 9 Westing Elec 23 WestonEl 1.30g 1 Wrstvacn 1 40 2 Whine Stl 2 White VAe 5 White Sew 6 WllooxOil .10 1 Willys-Over 47 Wilson A Co 14 Do S6 pf 1 Wootwth 1 60 13 Worth 1 2 17ii 3 15'i.

4 'A. 47 Unit Aire rroa ij 12V, 10 43'. 772, Bath Iron 4 a unit t-orp 1 17 Copies ofth Prospttu4 art obtatnabl from only such of th under signed as registered dealers in steurities in this Stat MORGAN STANLEY A CO. BLYTH A ISC. THE FIRST BOSTON CORPORATION GOLDMAN, SACHS A CO.

HARRIMAN RIPLEY CO. KIDDER, PEABODY CO. LAZARD FRERES CO. Incorporated tin Lt A Bayuk 4 Cream 1.40a 3 Rech Aire, le 3 Nash-Kel 56 17-ii Nat Acme 2 15 Nat Airlines 4 24 NatAFib 15g 7 13'4 "a Do Df .60 4 13 a. Nat Aviat y.w 5 17 ,4 Nat Bisc 1.20 7 25 Nat Can 6 15 Nat Cash la 4 35V4 'A NatContaln .80 1 15 Nat Cvl .80 1 15 Nat Dairy 1.40 6 29 NatDStr nf ,60 1 12 1.

Nat Distill 2 16 39 'A Nat Gvns "ie 14 15'i Vi Nat Lead '-a 21 NatMAStl 2 Nat A Lt 22 10'4 Nat Steel 3 1 73 NSugRefl05 2 Nat 8udd1v 8 Do5'ts5', 2.30 101 1A Nat Tea 2 1RV4 Natomas Ae 4 ll'i Vi Nehi Corn 1 16'. Neisner Br la 1 403i Newmont 1 7 33'4 V4 Not lnd .80 1 23 Not News 2a 8 18'i 'A Do or 5 1 NY Air Br 2 4 45', NYC RR 1 2g 70 26'4 NY Chi A StL 6 604 si Do Df 1 127 a. NYC Om 3VA 1 33 NY Dock 2 25 4 Do Dt 1 54 "4 l'i 1 183i V. NA Avlat l'ie 12 ll3i V. NAm Co 1.08f 25 25 No Pac la 63 28 "4 V.

westAirl 3 38 v. NorwTlre.20g 2 10 V4 Vi O-P Ohio Oil Aa 14 17'4 4 Omnibus 1 4 13'4 Otis Elev 5 254...,. Outboard Sa 1 24 'A O-Ill Glass 2 3 64 Pac Gas 2 10 40 '4 jPae Lighting 3 1 53 V. 'Pae Mills 3 I 50V4 V. Vi 27 1, 75 HoustLAP 3 60 1 Houston Oil 4 Huds A Man 3 Do nf 1 Huds Bay h2 7 Huds Mot .40 25 HUDD Motor 5 TdahfiP 1 60 xAI 111 Central 20 DO Df 1 IndDls Pw 1.20 1 Unit Prof Sh Unit Shoe US Foil ttnitpd Stores iBeld-Hem .80 1 Gone! inc Goldfleld Con Gray Mfr Grayson Shopa Greenf TArD Harrfd Ray vtc Kearn Strs Her la Min Hoi! Gold Humble Oil Dl Pow Do div ct Imp Oil Ltd ndus Finance-Do vte Do Pf Int.

Petrol Int Prod Int 8 Rax Iron Firem vre Irving Air Ch Jacobs 'F Li Ken-R TArL A Kingston Prod 11 If 4- 26' 4-20', 33 '1 17TJ 3iU 191.... 374 42'. 12 Ja 4-14 'a 20 'a 18a 49 'a 24J, 4-19 78 141 4-1 28 '4 141, 4. 24 '2 57 25 "a 4-38 a 40 1 4- it-'Bell Aire lg ti'iBell A 'ag 1 32' 9 "i "4 8. 24'.

75a 4V-4 26 Va 48 "4 20V, 25 V. 8 2 "4 '4 14'i a 5'', 16 4 "4 26 V. 44 ti 35 33'. 4 65 1 24 Si, 14 45'i 104'. '-'a 8 4 61.

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17 fBendlx AVi 3 18 13 23, 2J 19'i 8 2'-. 21 'a 10', 13 33 Mi 4'. lnd Kayon 2 7 Do or Dt 'i i Do Df II 'A LEHMAN BROTHERS SMITH, BARNEY CO STONE WEBSTER AND BLODGET Wyand DO Utah-Idaho Sue 4 Utah Radio 10 Utility Eauit Valspar Corp 43. Woodall lnd 14'. 3 IV, 48.

44 74 "il 14ai 7V, a. 14. 4034 '4 35 "i 6 '4 Vi 99 40 V4 37 Vi 61 "4 20 Va 35 17 16 20 13..., 23 4 23 i Inland Stl 2g 1 51 i.i, Insnir Cod 1 2 95 V.Insur ctf 5 16 14 V. Y-Z YorkCoro .30 6 Young sne 1 2 incorporated A. G.

BECKER CO. W. E. HVTTON CO. SoNatGas Pacific 3 49 South Ry 3 21 Do pf 5 4 Snaldine Bro 4 finarks 20e 2 Snenc Kel 1.80 SDcrry lg 8 Snieeel 2 Square 2 1 Std Brds 1 20 3 Std 4 Df 13 Do S7 pr of 3 StdOllCal 2 29 StdOilind la 8 StdOll NJ la 21 RtdOllOh Vie 8 Std8tlSoe "ig 13 Sterl Drug 8 Stew War 'Aa 2 Stnkely VC 16 Do Df 1 I StoneAW 12 Rtudehkr 'ig 42 Sun Oil la 1 SiinrayOil.lOe 10 Sunsh .40 1 Runerhtr 1.

4 UNION SECURITIES CORPORATION 43 "2 1 ilnt Rub 1 Wright-Hare 311 Best Foods 1 4 Beth Steel 6 11 Do Df 7 1 Black AD 1 60 2 Blaw-K .60 3 Boeing Air lg 11 Bohn Alum 3 2 Bond Stores 1 Borden 6 Borg-W 1.60 7 Bower RB lg 1 BraniffAir .60 ft Interl Ir 35e 14 21 ti Incorporated 23, YnestsnA-T 2 12 YnestStlDr 1 5 Zenith le 1 Znnlte Vie 5 1 xr Et. xd Ex-dlvldend 6 a'Dlx Cup 4g 3 'a i Dome hi. 20 8 Doug Air 5e 4 V. Dow Ch Pf 4 i "4 Dresser .60 7 2V, 3 51 26 84 4 IV, 111 ai Is, 28 "2 127 rignts. a Also extra or ex.

tras. Plus stock dividend LEE HIGGINSON CORPORATION F. S. MOSELEY CO. PAINE, WEBBER, JACKSON 6 CURTIS DEAN WITTER CO.

WHITE, WELD CO. July ti, 1911. 44', 21 12'. 40 4- Cash or stock, Paid Int Harv 2 60a 3 Int Hd-El A 6 Int MACh Vi 3 Do nf 4 1 Int Mining 1 Int.NickC 1.60 8 Int Paner 29 Int Bhoe 1.80 1 Int Silver 4 2 Int TAT 86 Do for et i Int Str .95 Intertyp 1 I Bridpt 9 Briggs Mfg 2 12 BklvUGas 4 4 NAVAL STORES SAVANNAH tOa.l July 24 1P1 Turorl-tne. 74 '4 cents a gallon: offerings, none: sates, none; receipts 150-gaIion barrels.

1 87 barrels: shipments. 3 barrels: stock. 321 barrels Rosin 100-poueids Offerings. Hone; sales, pone: receipts, 253: Oaotee unchanged last year. 1 pavanie 27-'4 4.

y. io pi 4 vs 60 6 4- stock, Declared or paid so far this year, Payable in Canadian funds, Ac 4 Br-Balke 1 24 a Bucy-E 30 7 14'. "'4 Eag-Pich .60 3 Budd Mfg 4g 43 14s, H'East Air 1 7 16H 4 53' '2 55 'i 24 Vi V. Do of a 1 50 84 '-a l'l I Eaton Mfg 3 2 cumulated dividend paid or 13 '4 23 25Vi V.iSweets Vie 18 Br Id .30 15V4 VijEkcoProd declarers mis year..