Evening Star Newspaper, September 15, 1930, Page 14

A—14 T¥F e 8.1 A THE EVENING STAR, WASHINGTON, D. .C.,. MONDAY, SE PTEMBER 15, 1930.° FINANCIAL.S CLERGYMAN'S SON 1S TRANSIT CHIEF Dahl Becomes Power Greater New York Trans- portation Field. in! BY JOHN F. SINCLAIR. Bpecial Dispaich to The Sta NEW YORK, September 15.—Ger- hard M. Dahl has emerged as the power in the New York City transportation. Quietly, he and his banking assoclates have been picking up the common stock | of the Interborough Rapid Transit. At | present he is chairman of the board of | the Brooklyn-Manhattan Transit Cor- | poration. In past negotiations seeking a | unification of the confused transit situ- | ation in New York the Interborough | has always been the fly in the ointment of the B. M. T | But this is all changed. Now Messrs. | Dahl, Wiggin and Hayden have been added to the Interborough board. Tt should mean New York transit unifica- | tion is near at hand The Wiggin and Hayden referred to are Albert H. Wiggin, chairman of the Chase National Bank, and Charles Hav- den of the Hayden-Stone Corporation Abandons Law Career. Mr. Dahl, 54, was born in Fort How- ard, Wis, son of a clergyman. After | graduating in law at the University of Wisconsin he practiced for eight years | in that State, at Waupace and Stevens Point. In 1906 he moved to Cleveland and became a street railroad commis- sioner in that city in 1910. This ex- perience led him to abandon law for city transportation. Two years later he moved to New York to accept a posi- tion as vice president of the Electrie Bond & Share Co. Next he became & vice president of the Chase National Bank, and later a partner in the Hay- den-Stone Corporation. So his old asso- elates, A. N. Wiggin and Charles Hay- den. are his closest partners in this new venture. Samuel Untermever, the New York T, belfeves this latest development complicates the situation in New York.” Be that as it may, the preacher's son from Wisconsin has emerged the most powerful figure in New York City transportation. Salary Comparisons. Salaries and bonuses paid to public, gemi-public and private individuals are always subjects of interest to the aver- Ia: “gravely Abraham Epstein, in the American Mercury, discussing problems of life in- surance, gives some of the salaries of the presidents of various life insurance companies. Darwin P. Kingsley, president of the New York Life, in 1928 received & sal- ary of $126,600. The same vear the late Haley Fiske, formerly president of the Metropolitan Life, drew $200,000. At that time Frederick H. Ecker, now president of the Metropolitan Life, drew $175,000 as vice president. Mr. Epstein takes his pencil and adds the salaries of 80 of the high officials of the larger insurance companies to- ther and shows that they reached 3,402,000 in 1928. contrasts the salaries of life in- surance presidents with those of the presidents of the New York Centrai and the Pennsylvania Rallroads. The for- mer received $53,500 in 1928 and the Iatter $57.600. Henry E. Niles, in the Weekly Un- derwriter, replying to Mr. Epstein’s fig- ures, says that the salary paid to the president of the Metropolitan Life In- surance Co. ($200,000) is “less tha: one-tenth of the income of the Metro- politan for a single day All such salaries, however, seem small in comparison With the compen- sation of Eugene Grace &nd the five or six bonus executives in the Bethle~ hem Steel Co. 1t is a difficult topic to discuss, be- cause the amount of information on ! the subject is extremely limited. Electric Charges. Commenting on Gov. Roosevelt's plan of a huge State owned and operated hydro-electric power system on the St. Lawrence River, to cost anywhere from $235,000,000 to $500,000,000, the maga- zine Time made an interesting com- parison of electric charges in the va- rious cities throughout the United States and Canada. Here are a few monthly charges for 38 kilowatt hours of electric current—a small-home average—produced by pri- vate companies in the United States: Schenectady, $2.90; New York City, $2.66; Philadelphia. $2.52; Pittsburgh, $2.22; Baltimore, $2.03: San Francisco, $2.03; Cleveland, $1.90: Chicago. $1.96; Detroit, $1.85; Washington, $1.79; Buf- ;tl.l?‘ $1.72; St. Louis, $1.67; Tacoma, Municipal Plants. Municipal plants, selling the same amount of current, charge as follow: Los Angeles, $1.76; Dunkirk, N. Y., $1.60; Holyoke, Mass., $1.52; Tacoma, $1.43 Canadian cities served by the Hydro- electric Power Commission of Ontario' pay as follows: Hamilton, 98 cents; Toronto, 88 cents; Ottawa, 88 cents. Managers of privately owned utility | companies, however, object to such comparisons upon the ground that bookkeeping entries are not the same in all cases nd that the element of | depreciation, which is heavily charged | against in the privately owned com- panies, is largely ignored in the mu nicipally owned plants. Municipal- ownership advocates deny the charge. ! Still, these comparisons will result | in plenty of discussion. H (Copyright, 1930, by North American Ne | paper Alliance.) ! Wall Street Briefs By the Assoclated Press, New State and municipal securities scheduled for award this week total $28.053467, compared with municipal offerings of $46,056.000 last week Among the larger issues to be placed this week is £5,000,000 for Los Angeles, | to be awarded Tuesday. | Formation of the Clark plan, a $100.- 000,000 dual-controlled trust, sponsored by a group of California financiers and business men, was announced by Frank N. Clark, originator of the plan Public offering is to be made tomor- row of $2,500,000 Illinois-Pacific Coast Co. 6 per cent convertible gold bonds, due 1945, at 98!, and interest, to yleld | 6.15 per cent. The financing is a result | of the consolidation of the Pacific Coast Glass Co. and the Illinois-Pacific Glass Corporation. An offering of $2,235000 Chicago Great Western Railroad 4'; per cent equipment trust certificates of 1930. se- ries “A,” to be issued under the Phila- delphia plan, s being made by Salomon Brothers & Hutzler and Evans, Stillman Co. The certificates mature from 1931 to 1945, inclusive, and are priced to yield from 3.75 to 4.70 per cent. The Standard Oil Co. of New Jersey has started operations of its petroleum hydrogenation plant at the Bayway, N. J., refinery. Although the new proc- ess 15 being used on & commercial scale, no gasoline, motor ofl, kerosene or other products made by hydrogenation will be available for the market for some time, as the operation of the plant now is on a development basis. NEW YORK STOCK EXCHANGE Recelved by Private Wire Diveet to The Star Office. (Continued From Page 13.) ~Prev.1030~ 8al figh.~Low 27% Stock and Sales— Dividend Rate. Petrol Corp (1%)... Phelps Dodge (3) Phila Rap T pf (312 Phila Read C& 1. Philip Morris&Co(1) Phillips Petrol (n2). Pierce Ol Plerce Petroleum Pilisbury Flour (2).. Pitts Screw (1.40)... 15 108 1 3 Pittston Co (75c) Poor & Co (B) (2). Postal Tel & C pf ( Prairie Oil & Gas (2) Proct & Gamb (2.40). Prod & Refiners. ... Pub Sv N J (3 40) Pub Sv N J pt (5). Pub Sv N J pf (6). Pullman Corp (4). Punta AlegreSugar. . Pure Ofl (1%).... Purity Bakeries (4).. : Radio Corp ¢ Radio Corp (B) (5) Radio-Keith-Orph Raybestos Man 2 60. Reading Rwy (4) Real Silk (5). Reis (Robt) & Co fem Rand (1.60). Reo Motor Car (80c). Reo Motor ctf (80c). Republic Steel (4). Republic Steel pt (6) nolds Spring. . Reynolds Tob A (3). Reynolds Tob B (3). Richfield Ol (2). Rio Grande Oil (2). Ritter Dent M (13)., Rossia Insur (2.20).. « Royal Dutch a3.2165, Safeway Stores (7)., StJoseph Lead (13). St L Southwestern Schulte Retail Strs Schulte Retail pt (8 Seaboard Air Li Sears Roebuck § Second Natl Inv. 5, Seneca Copper. Servel Ine Shattuck F ¢ Shell Trans (a2.42 Shell Union Oil. Snubert Theaters Simmons Co...... Simms Petrol (1.60). nciair Con Oil (2).. Skelly Ol (2) Solvay Am pf (i%).. Southern Cal Ed (2). Southern Pacific (6). Sou P Ric Sug (1.40). Southern Rwy (8). Southern Rwy pf (5) Spalding (A G) (2) Spang-Chalfant. . Spang-Chal pt {6). 4 Sparks Withing (1).. Spear & Co. . (t13%). 21 ).900s 14 13 20 2 51 2 10s 16 Stand G & K (3%). .. Stand Invest Corp Stand Oil of Kan (2), Stand Oil of N J (12) 12: Stand Oil N Y (1.60). Sterling Sec (A). Stewart-Warner (2). Stone & Webster (4). Studebaker Corp (3). % Sun Oil pt (6). Superheater (13% Superior O1l. . Tenn Cop & Ch (1). Texas Corp (3).... Tex Gulf Sulph (4) Texas PC&Oil... Texas Pac Land Tr 16 17 Add 00. High. Low. ~Prev.1930~ High. Low. 6% 175 32 24 26%% 11 465 2415 108, Divi Thatch The Fa Prey Close. Close 18 17% 30 30 Blx 01 Tide W Stock and mken Det Ax (80c) Prev. Close. Close. 221y 22 Add 00. Hig 1 20 dend Rate. er Mg (1.60). ir (2.40)... h. Low. Thermoid Co. . Third Nat Inv (2) . ater As (60c) mken Rolle ohaceo Prod s Tob Prod (A) (80c).. Transamer (11.60) Transu e&W (1).. Prod (213) Ulen & -El . Co (1.60) 1-Fischer (5). nion Bag & Paper. . ‘nion ¢ nion G nion ¥ "nion F n Tan “arbide (2.60) )il of Cal (12) "acific (10). .. "acific pt (4). k Car (1.60).. td Aircraft. Itd C: d Cig Ttd Cor rbon ar & D (i Ttd Corp pf Ttd Fru it (4) Ttd Gas & Im (1 td Gas & Im pf Ttd Piece Dye W ( tores (A) rres pf ( ubber..... ubber 1st pf melt & ef (1), melt Ref pf teel (7) ] S Ste! niv Pi til Po niv Le el pt af Tob (3). pe & Rad. w& Lt A (e2) Vadaseo Sales Corp. . Vanadium Stl (t4) Va-Car ar n Chem. Chem 6% pf. Det (4). (1) rih Co (2 Warner k r Quinlan Warner King (H) . os Plet. . Warren Bros (3) War Br West Penn K os ev pt 5 pe(6). West Penn El pf (7). West Penn Pw pf (6)330s s West Penn P pf (1) Western Dairy (B).. o Western Md. 2 Wes Wes Westin West Wilcox Willys- Woolworth (2.40). rn Union (8) gh'se AB (2)., 24 1714 B &M (5).. Mpt (5)... 2 Oil & Gas. ... h Overland. Worthington Pump. . Worth Pump(B) (6). o Wrigley (Wm) (4) & | Yale & Yellow Youngs Spring (3) Towne (2) Truck. .. 40% Zenith Radio. ... RIGHTS EXPIRE Mich Si teel.. Sept22 16 1 Sales of Stocks on New York Exchange 10:30 AM.. 1:30 P.M. Dividend rates a: cash payments based tions. s Unit of trading per cent in stock. a Paid this ye: when earned | stock. g Plus 6 per JPlus 8 per cent in 11% 51% 59 815 22% 0 §Payable in’ scrip. Payable in_cash or stock 3 300 12:00 Noon. .. 801,000 11210800 2:10 P.M Il1315'000 | s given in the above table are the annual on the latest quarterly or half yearly declara- Partly extra. IPlus 4 TPlus 9 per cent In stock. b Payable in stock. d Payable TPlus 10 per cent in hPlus 2 per cent in stock. k Plus '3 per cent in_stock. m Plus i less than 100 shares. regular rate. cent in_ stock. stock. ,. | per cent in stock. n Plus § per cent in stock. P 2 preferred stock. rSubject to approval of .lotlhpoldl:“ bt i ARS WOV TRADE Statistics Show Mortality Rate Is Lower in Indus- trial Depression. BY LEMUEL F. PARTON. Special Dispatch to The Star NEW YORK, September 15—With the hesitant and faltering upturn of stocks amusement securities continue to show vitality. The Department of Commerce reports that this has been a boom year for the sale of sporting goods, ‘with sales 10 per cent greater than for the same period last year. The Tom Thumb golf craze has pried loose many millions of stagnant capital and set it to work in industries which con- tribute to this happy dementia. While it is thus obvious that the American play appetite has invaluable economic uses, there are by-products record. When P. B. Heintz, president of the National Casket Co., said people weren't dying so fast since the market slump of last year and that mortality | rates always were better in times of depression, he was argued off the ros- trum by insurance statisticians and doctors, who said it just couldn't be true. But the returns aren’t all in yet Welfare Workers' Reports. Soclal agencles, social settlements, welfare workers d official and non- official observers, who clock the endless run-around of bad and good times, find convincing evidence that public health | improves when times are bad—prepos- | terous as this may seem. Maybe the answer is to be found in these sporting goods and amusements statistics. Does gloom and doom? “All men die of creeping common sense,” said some current philosopher. Maybe this temporary release from the common sense of jobs and money is cutting down the mortality rate—it is definitely less since the big slide started. Going away back to the big teamsters strike in Chicago, nearly 25 years ago, it is found that health averages were better in the families of the strikers while the strike was on. Chicago social agencies investigated this at the time and were puzzled by their findings, The findings have been the same in studies of the great railroad, textile and coal strikes, For some reason, in spite of the burdens of fear and the obviously deteriorating effects of poverty, there is some mysterious recompense which works its way into the vital equation in times of unemployment. Naturally, sociologists feel a_delicacy in discussing the subject, as any suge gestion that poverty is anything to Cheer about would be decidedly off-side, | particularly at a time of real stress. Better Mortality Rates. A New York physician and hu- manitarian, specialist in peuroses and active in public welfare work, comment- ed today on this subject. as follows: “No sane person would appear as an apologist for a situation which endan- gers security and threatens family wel- fare. But it is true that frequently, | for a limited time and above certain economic levels, community upsets, or even calamities, such as strikes or un- employment, stimulate better mortality rates. “Any deductions as to causes must, of course, be purely theoretical. In war time I have no doubf that men in great numbers are stimuffited and vitalized, not only by the mass excitement, but by being able to drop for a time the routine of jobs and _clock-punching CHICAGO DAIRY MARKET. CHICAGO, September 15 (#).—But- ter, 11,275 tubs; unsettled; creamery extras, 38; standards. 38; extra firsts, 37a37',; firsts,” 35a36; seconds, 33a34. Eggs, 12,300 cases; unsettled; extra firsts, 27 fresh graded firsts, 2615 fresh’ current receipts, 24a24}z; ordi- nary current receipts, 18a22, which they have carried for years. “There Js a lot of wear and tear on the human organism in sticking to a routine job for a few years. Deplorable as the effects of unemployment are, there is unquestionably a decided pub- Jic health value in rest, sport and rec- reation. On the other hand, if the sag carries any considerable numbers AMUSENENT QUEST H and derivatives of all this which vital | statistics, rather than economists, will | levels since May in the early part of | unemployment, get people out in the | open and build up their resistance to| people down to or below the level of decent subsistence, any gains due to rest_and outdoor activity will be oblit- erated by the evils of malnutrition, | mental strain and the lack of proper dentistry and medication. “In great upheavals, such as revolu- |tions and a world war, with its after- !math of degredation and want, it is ments for adequate food, shelter and medication. These unemployment mor- | tality rates are a surface factor and | significant only in a time and place of great economic surplus—such as Amer- ica is today, in spite of its passing troubles.” (Copyright, 1930.) {CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS | NEW YORK, Sepembr 15.—The fol- lowing is a summary of all imporant | corporation news prepared by the | Standard Statistics Co., Inc., for the | Associated Press. Weekly News Review. | Stock prices advanced to their best | 1ast _ week, but turned reactionary | Thursday, on publication of adverse crop statistics and evidence of further commodity price weakness. The price averages were generally lower for the week, all groups but the merchandising | showing a decrease. Bond prices con- | tinued to move upward, our index of 30 high-grade listed issues attaining a | new high for the year on Thursday. The combination of low commodity prices and ease in credit, which favorable to higher bond quotations, is | expected to continue for some time. Principal commodity prices declined further. September wheat fell to the lowest level since July, 1914. Spot | cotton sold at the low point of the year and, was at the lowest level since 1924. New record low prices were established by | rubber and cocoa. | day at its lowest point on the present downward movement, while coffee, sugar and silver prices recorded slight advances for the week. The weakness in corn, wheat and cotton quotations was attributed to the Government crop reports, which forecasted larger yields han had been estimated by the frade. Loans Increase. Brokers' loans in the week ended September 10 to to- | tal $3,143,000,000. This is the second | successive week borrowings have ex- | panded, with present gain the largest | i1 any one week since that ended July . Total loans to brokers and security | dealers are now about $3,330,000,000 be- | Jow year ago. Money rates continued | easy. The official call money 'change | remained at 23, per cent, were available outside the | change at 1), per cent in some in- stances, Important changes in the | consolidated statement of the Federal | reserve system were declines of $48,000,- 1000 in holdings discounted bills" and $6,000,000 in United States bonds. Hold- | ings of bills bought in the open market | increased $20,000,000, while Treasury | certificates and bills expanded $5,000,000. | Daily average volume of Federal reserve | bank credit outstanding was $1,029,000,- | 000, increase, $1,000,000 over the pre- ceding week, but $406,000,000 below like 1929 week. The regular weekly reports of indus- trial activity gave further evidence of seasonal expansion in some lines. The | Iron Age estimate of steel output placed |the week’s ingot production at 58 per cent of theoretical capacity, against 56 per cent in the previous week. evidence of the extent to which steel companies have been cutting into their backlog of orders is furnished by the United States Steel Corporation's un- filled tonnage report of August 31. As stock ex- to 3,580,204 tons, a decrease of 441,851 tons from July 31 and the smallest total since July 31, 1928. While a larger drop in tonnage was anticipated, it was not expected to reach this magnitude. Steel Trade Conditions. Indications are the rate of bookings { |shown that basically the mortality rate | is responsive to the elementary require- | is | with one other exception, | Corn closed Satur- | increased $33,000,000 But funds | Some | of that date, unfilled orders amounted ' | age rate of output o the Steel Corpora- | |tion's plants. Steel trade conditions | have failed to register any important | changes since the beginning of the | month. While some seasonable im- | | provement, in buying is looked or, the | general view at this time is that volume will fall below previous years, The decline in retail tradé witnessed | in July was continued last month, with | sales showing a greater decline from a | year earlier than that experienced in any previous month of 1930. Prelimi- nary reports of department store sales | for ' August show a decline of 11 per cent from a year previous, although on daily basis this reduction amounts |to 8 per cent. In other branches of retail division, equally unfavorable re- sults were reported: aggregate sales of | 60 representative chains fell 5 per cent below those of year earlier, contrasted with reduction of about 2'3 per cent |in the previous month. In the latter | classification, grocery chains showed loss of 4.7 per cent in dollar volume, mail order houses 14 per cent, general chains 6.4 per cent, apparel and depart- ment store systems 7.7 per cent and res- taurant chains 9.8 per cent. The low point of the downward trend in aggre- gate distribution at retail is believed to have been reached in the earlier part of August. Executives of many retail organizations in the department, chain |store and mail order fields reported | expanded buying during the latter part | of the month and a continuance of the | increase thus far in September, The Companies. | Atlantic Coast Fisheries omits divi- dent due about this time; pald 30 cents June 2. Earned $1.33 common shares in 16 months to April 30. | | Buffalo & Susquehanna Railroad— | president and vice president, respective- | ly, of Baltimore & Ohio Railroad, asks | permission to become directors or offi- cers of this road. Consolidated Textile had deficit $1,- | 373,798 in first half. Electric Vacuum Cleaner operations increased from four to five day week basis. General Pireproofing current opera- | tions at 75 per cent capacity; unfilled orders insure continuance this rate for remainder year. General Motors closes Warsaw assem- | bling plant permanently: to establish | store instead at Gydnia, Polish Baltic. Grigsby-Grunow Co. current output around 2,500 sets day, employing 5,400\ | workers. Pilot & Radio Tube July sales up 6 | per cent; seven months, 19 per cent | above year ago. | Richfield Oil of California increases | price of gasoline 1 cent gallon; crude oil | price reduced 8 to 12 cents barrel. INVESTMENT TRUSTS NEW YORK, September 15 (#).— Over-the-counter market Asked Am & Cont Corp | Am & Gen Secur Am & Gen Secur B Am & Gen Secur 6, Brit & Coni 6% pi. mposite Tr Shrs Founders Founders 6 Founders 7 Founders 1 Founders conv pt ctfs Founders Founders 1 Ins Stocks Am Util & Gen A Am Utll & Gen Allot ctf Assoc Stand Oil Shares Atl Sec pf i Atl Sec war 41l & Pac Int ‘Uniis Atlantic & Pac_com Al & Pac pf war Bankers Nat Inv Bansicilla Corp Basic Industry Shares British Type Invest Chain & Gen Eauities Chain & Gen Equit 6'zs% | Chain Store Invest | Chain Store Invest pi Chartered Invest | Chartered Tnvest Chelseu Exchange Chelsea ~Exchange Corporate st FOREIGN EXCNANGES. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling cheeks value oday 14.8665 vt Dl Resaon B Shares London, pound Baris, franc 3.91%c Brussels, bels 1381c | Berlin, mark.. g | Rome. ' lira Zurich, franc .. Athens. crachma.. Madrid, peseta . | Vienaa. schillig. .. Budapest. pengo. | Prague, crown (nom.) Warsaw, zloty Copenhagen. Oslo; crown. . i $e3uE! crown. of in August were sharply below the aver- Stockholm, crows... ; |ical 51 | Sinclair Crude oIl & HiGH-GRADE BOND LIST HOLDS FIRM “|Selling of German Issues Follows Result of Elections. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK,-September 15.—Selling German bonds, both governmental and corporate—refiecting European dis- appointment over the result of the Reichstag_elections—was the feature of bond trading today. All descriptions in the German group were off a point or more, led in activity by the German government 5!,s and 7s. The high-grade domestic list held fairly well and & few long-term United States Government obligations equalled previous peaks or feached new ones. The balance of the domestic list was irregularly lower, though not impor- tantly so. The selling of German bonds was heavy right from the opening, when the recently issued were off 1 point in the initial sales. They went down to show a 1!, point loss in the first two hours. Reparations 7s went along and there also were losses in German Central Bank 6s of all ma- turities, Cologne 6!,s and United Steel Works “A” 6l,s. Kreuger & Toll 53 also were low The same general bearishness on securities, either Ger- man or dependent on German trade, caused weakness in Hungary 7!, Aus trian 7s (the new issue) and War- saw 1s. In domestic bonds the features were the comparatively heavy buying of long-term Treasury bonds and the dull- ness of the rest of the list. Liberty 31,5 equaled their previous peak for 19%0. Liberty fourth 4,s high and stantial advance. High-grade public utility, rail and industrial descriptions were inclined to drop slightly. There | were small declines in Canadian Pacific 4s, American Telephone 5!,s, Philadel- | phia Co. 5s, Columbia Gas 5s, Laclede Gas “C" 5'ps, New York Telephone 415 and American & Foreign Power 5s. The only exceptions to the weaker tendency were Union Pacific 4s, North- ern Pacific 4s, Standard Oil of New ‘ank 41,5 and Western Union 5s. |of Convertibles were ragged, with gains in New Haven 6s, American I. G. Chem- American International 5!58 and Southern Pacific 4s and losses in .| Philadelphia & Reading Coal & Iron 6s, American Telephone 4!5s, Interna- tional Telephone 4125 and Warner Bros. Pictures 6s. Washington Stock Exchange | SALES. | Washington Gas 6s " { Potomac Electric 5! 1087 . | Columbia Sand &' Gravel pfd.—4 at 90!, $1.000 at 103 pfd.—10 at AFTER CALL. Potomac Electric 5z % pfd.—5 at 108'2. Lanston Monotype- Washington Gas $500 at 104’ Washington Rw at 97%. Capital Traction Co.—10 at 60, Capital Traction 5s—$2,000 at 94. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 425 133 Amer. Tel. & Telga. 413s_'39 Am. & Tel. cul. tr. 88 Anncostia & Pot. R. R. 55 Ana. & Pot. guar. 55 C. & P. Tel. of Va. 55 Chpital Traction R’ R. 55. City and Suburban 58 Georgetlcwn Potomac El Potomac_Elec . Wasli.. Alex. & Mt. Ver.' ctf. Wash . Baltimore & Annap. 35 Washington Gas 5s Wash. Gas 65, series A . Wash. Gas 6s. series B vash. Rwy. & Elec. 4s MISCELLANEOUS. ber & Ross. Inc. 6'2s vy Chase Club C. Paper Mig. 6s V. M. Cold Storage 55 Cons. Title 6s. . STOCKS. PUBLIC UTILITY. Tel. & Bid, 101 160 10812 Asked Amer Tel 94" 82 i03 9312 D o8l L 103 L 102% 107 Amer. Capital Wash N & W Pot. Elec Pot_Elec Wash. Rwy Wash. Rwy Gas Light C ‘Steamboat (12 Power 6% Pover 5 & Elec. com & EL ptd. 5 NATIONAL BANK. a4 (13} (stamped) (10 10y Capital Columbia Commercial District (8) Federal-American Liberty (7§) Lincoln (12) 5 Metropolitan (14) ', Riggs (15) Second Washington (i3} TRUST COMPANY. American Sec. & Tr. Co. (13) ontine Trust (6) hante' Bank & Trust (6 National Sav. & Trust (120) Prince Georges Bank & Trust Union Trust (3%) Wash. Loan & Trust (14 SAVINGS BANK Bank of Bethesda (61).... Commerce & Savings (10) East Washington (12) Potomac Savings Bank (1 curity Sav. & Com. (1 eventh Street (12) United States (30) Washington Mecoaiiics’ (20) INSURANCE. n FIRE Amer (12) Corcoran (10).. Firemen's (8) National U T Columbia (6h) Real Estate (6h) Title & Inv. Co on’ (1 LE INSURANCE. Md. com MIS LANEOUS Barber & Ross. Inc.. com Chevy Chese Dairy pld Col. Sand & Gravel pfd Col, Me Bldg. Corp. D. C. Paper Mfg. pfd Dist. Natl. Sec. pfd Emer. Biomo-Selz. Federal Storage pid Am. Co. com. (1.30f) Am. Co. pfd. (6) on Monotype (8) Tr. & Stge. com. Tr. & Natl. Mige. Peoples Drug Stores pfd Real Est. M. & G. pfd Security Storage (4e) Ter. Ref. & Wh. Corp. The Carpel Corp. (1.50) W. Mech. Mige. com (8) Wash Med. Bldg. Corp Woodward & Lothrop pfd. *Ex dividend. s2¢ B Books closed. ¥20at c xtra 3 ha K 18 @il ii0j i extra extra, extrn When Issued. 30c extra 817 extra dEX rights. eliy% extra 15% wi SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Bid, Offer. 1023y 10874 Allis-Chalmers Co. 5s 1937 American Tel. & Tel. 5iys 1943 American Thiead 5 8 Baltmore & Ohio 4 Batavian Pet. Corp. 4 Bell Tel. of Canada 5 California Pel. Corp. Canadian Nor Rwy.'4las 18 Chicago Rock Island 4s 1934 1947 s 1037 Chil- Copper Cudahy Packing Co. 5 Mot. Accep. Corp. ral Pet. Coip 55 1940 eneral Theaters Eq. 65 1940 oodvear Tire & Rubber 5» 1 raund Trunk of Canada 65 193 Gulf Ol of Pa. 5s 1937 Humble Oil 5i.s 19! Internat. Match Corp. '35 1947 Mariund Oil 55 1932 New York, Chi. & St. L. 65 1932 Phillips Pet. Co. $'as 1030 Pure Oil Corp. 5158 1937 Shell Union Oi} Co 97 5128 1938 Standard OIl N Jersey 55 1946 Standard Oil N York 1951 St. L., Ir. Mt. & So. Ry. bs 1931 St. L Southwestern Ry. 4s 1932 Swift' & Co. 5s 1932 . Union Bl Co. of Calif. 5. 1935 United Drug Co. s 195 .... U S Rubber 55 1947 o Western Electric Co. '8s 1944 Wheeling Steel Corp. 51us 1 Wheeling Stel C: s 10078 10004 1031e 97 s ». ‘The Anglo-Egyptian Sudan has an area of approximately 1,000,000 square miles and a population of 6,000,000 made & new | Treasury 33,5 made a sub- | . | Serbs-Cr-s18s 2. Received by Priva UNITED STATES. (Sales are in $1,000.) Sales. High. Low, 11014 1014 2 1028 1026 78 1037 1034 110123 10123 50 1025 1022 . 94 106 14 106 10 56 10817 1089 56 11227 11224 FOREIGN. Saies. Hizh. Low. Close. Close. 101 4 1026 1034 10123 1022 106 10 108 15 11224 Lib3%s..... Lib1st 4% s Lib 4th'414s US3%s'43 U S 33847 Us3y US4s’4 US4%s's2. Argentine 5%s Argentine May '61. Argentine 63 Ju 59, Argentine 6s Oc '59. Argentine 6s A 57 Argentine 65 B '5. Australia 4 Australia bs ‘65 Australia 5s '57 Austria 7843 Bk of Chile 6158 '57. Bk of Chile 6%s 61 Batav Fet 475842, Belgium 6855 Belgium 6% Belgium 7. Belgium 7s '56. Belgium 8841, Bolivar 7s '58. .. Bollvia Ts ctfs'69 Bolivia 85 '4 Br N 104% 93 97 95% 105% 1091a 114% 110 108% 68 » 1 1 0 . ool SResaiatuon Sneazin Bremen 7s '35 10213 101 105% 90% 2915 10015 100% 9414 1001 1101y 10 10814 941y 1010 106 polenzcm & Canada 58'31 Canada 5s 5 hile 6560, hile 65 ‘61 hile 7x 42 : olombia 65 Jan 61 on Pow Japan Copenhag 4348 Copenhag 55 '52. Crecho 8s Czecho 98 Dan Mun & e Denma ® & o & p o Dutch Dutch Fis ex war '46. . Finland Finland 7s ‘50 Fram ID7%s'42.. Krench 7s 4 French Gvt 71 Gelsenkir Min German 535 '65. .. 20 | German Bank 6538 35 German 6 3 German 7s rep 49 Ger Gen Greek 65 '63 Haltl 6s Hunga Italy 7s'51. Italy Pub Sv 2 1 1004 981 5% Japanese 5155 '65. . Japanese 6138 '54 Jugosl Bank 7s '57. Kreug & Toll 55 '59.131 Mexico 55 A "45 Milan 614 Montevideo Netherlands 6s '72.. New So Wales '58. . Nord 6148 '50. . Norway 55’63 Norway 65’43 Norway 6s 44 Norway 6s Orfent dev 5 Pirelli . Peru 65 '60. Peru 6561, Peru 7s . Poland 6s'40 Poland 7s Poland 8s '50. Queenland 6s'47... Rhine West 65 ‘52 Rhine West 65’5 Rio de Jan 614 R Gr D 53, i1 63768 Roy D 4545 ww. ... Sao Paulo 85 '50. 3 8 soiean 1By 6% 108 85 96t 1051 1051 105 107 100% 92% 1058 101 931 B6% 72 985 NEOUS, 3 87 5 100 20 100 1025, 64 8914 1081 1001« Serbs-Cr S17s '62 Sofssons 6s " Sweden 51, Swiss | Swiss Conrea Toho El Pow 6s '32. Tokio 515861 “td King 5% & * Utd SS Copen 6s . Uruguay 6s'60. . Vienna 6s * Warsaw 7s Yokohama 6: MISCELLA Abitibl P & P 5s 53 Allegheny 55 '44. Alleghany 5s * Allis-Chalm 55 '37., Am Beet Sug 63 '35, | Am F P 515582030 |AmIGCh5ies's | Am Int Cor 545 *49 Am Metal 514 " | Am s6l5s | Am S&R 15t 5s Am Sug Ref 6s . Am T&T cv 45539, | Am T&T 5565, . ... | Am T&T e tr 6 ‘6. Am T&T 58 8 £ 60, . Am T&T 53843, ., Am W Wks 5534 Arm & Co 414539 Arm Del 514 '43. Ass0 011 633 At Gulf 5986 At Ref deb 5537, Bell Tel Pa s B 43, Beth St rf 5s Bk Ed gn A b5 '49 Cert-td deb 5158 *48 Chlle Cop db 5 Colon Oil 6338 , Col G&E 5s Ma Com Invest 51 Com Invest 6s | CCMd 1stress 50, ConG N Y bigs € Am Sug col 8= '31. Det Ed rf 6s B "40 | Dodge Brcol 40. ... Duquesne 4%s '67. . Gen Cable 515", Gen Motors 6s ‘37 Gen P Sv 5839 Gen StCas5lis” Gen Thea E Good Ist 6158 Goody'r Rub 58 5 Hoe & Co 61,534 Hum O&R 544 6. MBTIistpfisA,. 111 Steel 4155 '40 Inland Steel 41578 Int Cement 58" Int Hydro El 65 '44. Int Match 5s '47 Int Pap 58 A "47 Int Pap 6s 65...... Int T&T cv 4145 '39 Int T & T 58 °'55. . Kan C P&L 55 A Kan Gas&E 4138 Laciede 5138 C'53. . Laclede 5135 D '60. . Lautaro Nit 68 '54. . Lig & Myers 58’51, Loew's 6s ex war. .. Lorillard 5s '51 Lorillard § Lorillard s 4 4. Man S 1st 715 42, Mid St & O 58 '36. Mont Pow 65 43 Nat Dairy 61 s'48 N Eng T 15t 58 52, N Y Ed 5s B 44. NY Tel4%s'39 N Y Tel 68°41. N Y Tel 6s 4 . Nor Am Ed bs '57. Nor Am Fd 514% '63 NorOT & L. 6847, Nor St Pow 6s B ‘41 Pac G & El 68’42, Pac T&T ref 68 "5, Paramount 6s "47. Phila Co 5567 87 993 991, 102% 641y R91e 1077 100 100% 101 8214 100% 101 8214 861y 108% 1001y 108% 105 101%, 1074 111% 104% 1037 107 106 1081 106% 101 102 1004 1085 1051 101% 107 1118 104% 10813 107 106 102 106% 100% 100% 102 1021 T.ow. Close. 100 100% 96%4 9Tk 9215 9244 89 89 % 101% 101% 100% 100% 96 96 100 100% 884 834 108% 103% 104% 104% 102 102 4102 102% 96% 99 314 10314 105% 105% 104% 10414 100% 100 102 102 1074 107 1031 1085 109% 109°% 99% 100 821 83 1013 101% 90 90 0 40 88 89 80 80 104% 104% 10 110 40 40 & 1011 101 102 102 10415 10415 Sales. High. Phila & Read 6s'49. 73 100% Phil Pet 5% 839 49 9% Pos Te) & C bs '53. Pressed St C 58 '33.. Pub Sv G 4%s Pure Oil 5%48'37...; Rem Arms 65 A '37. Rem R'd 68 A "47. Richfi'd O cal 63 "44. Sincl O 6%s B '3 Sincl O Ts v A '37 Sincl Cr O 5%s '38.. Sinclair P L 58 '42 Skelly Oil 5% Solvay Am 5 So P R Sug SW Bell T b StOUN Jbs'46. StOIlN Y 4748 °51.. Tenn Cop 65 B '44 Tenn kI P 63 A '47.. Tex Corp cv bs '44 ans Oil 6%s '38 Utd Drug cv bs '53. 192 U S Rublst 53 '47. Utah P & L 55 '44. Utll Pow 5%8'47. Vert Sug 1st 78 '42.. Warn Br Pic 6839, Warn Quin 6s'39. .. West Un Tel 58’51 1 West Un T 6345 '36. Wh Sew Mch 6540, Wil-Ov 1st 6355 "33, Wil & Co 1t 65'41.. YouSt&TEs'78... § RAILROAD. Ann Arbor 4s’ 3 85 Atchison 4 2 934 Atchison adj 4 2 94 Atchison gen 48'95. 24 971 Atchizon cv 413848 1 130 Atch Ariz 4% 1 102% At & Danv 4s 48, 1 59 AtC L st 48’52 2 96 B&O 13 96% . 56 1018 ) 1010 1042, 1100 105 B8e. 920 1010 102 90 10015 1043 9219 96 101% 100 5 2 5 1 2 85 9314 938, 97% 30 130 102% 102% 59 59 96 96 96 9614 1014 101% 101 101 104% 1047 110' 1104 105 105 885’ R8ey 925, 920 101 1014 102 102 90 40 100 100% 104% 1043 9214 921 95% 95% 101 101 997 100 B&O 47,560, B&O el B&O 685 B&OSwnd B & O Toledo 45 Ban & Aroos 4s Bos & Me 58 195 Bos & Me 536 Bklyn Elev 6%s. ... Bklyn Man 6s '68. .. Bklyn Un El 68 '50. . BKIyn Un 1st 55’50, BR&PIt 435857 Bush Ter con 58 '35. Can Nat 4148 Can Nat 4138 2 Can Nat 4%4s i Can Nat 5s July ‘69, Can Nat 55 Oct '69. . Can Nor 7s deb '40.. Can Pacific db 4 Can Pac 4%% '46 Can Pacific 4% Can Pacific 58 Car Clin & O 68°52.. Cent of Ga 58 C '59. Cent Pacific 4s'49 A 6 3 1 1 1 6 3 2 42 1003, 100% 988, 98% 1031 103% 109's 109%% 102 102 96% 96% 105% 105'3 100% 101 104t 104% T9% T9% 96% 963 1025 102% 1094 109 T TN T4 T4 103 103 1004, 101 95's 96 88% B8y 4n 54 997¢ 100 108% 108% 105%2 101 10414 9% 96% 102% 109 1% T4ty 103 101 96 885 54% 100 108%; 109% 9% Ches Corp 5s '47 € & O.con 55 '39 Ch& Alt3%4s 5 "B &Qgen “h & Kast 1] 55 Gr West 45 '59 In & 1, gn 65’56 M&StP 4% s '89. 179 M&SIP 48 E.. 10 h M St P& P 58 ‘75 46 40 26 6 « Ch Ch Ch Ch bt Ch M & St P adj 6s. Ch & NW con 4% s Ch & NW rf 55 2037 Ch & NW 614536 ChRI&Prf4s ChR1cv4%s'60 ChRI&P4%sA.. Ch TH&SE in 55 '60 Ch Un Sta 41563, . ChUn Sta 615563 . C& W Ind cv 4s '52. W Ind 535 62 & SUL db 4 991n 98% 97 8613 991n 991 8614 101 101 1021; 1 107 107 101 101% Clev Term 4158 Clev Term 58 Colo & Sou 4 Colo Sou 4% Con Ry 4138 | Cubs Cuba RRT7%35'36 Del & Hud rf 45’43 15t con 4s'96. . ie con 43 A '53. Erie conv 4s (B). firie gen 4= Erle 55 1967. . Erie 55 1975. Fla E Coast 55 'T4. . GrTrsfdb6: Gr Nor 438 '77 (F. 3r Nor gn 513852, . Gr Nor gen 78 '36. . Hud & M adj 55 '57. Hud & M rf 5. 111 Cent 45 '53. . 111 Cent ref 45 '55. . 111 Cent 4% s ‘66 111 CCStL&N 6 Int Rap Int Rap Tr sta '66 Int Rap Tr 6s " Int Rap Tr7s 32 Int & Gr Nor Int& G N ad 6s " Int J A 587 Int Ry CA 6%s Kan C FIS&M 4536 Kan City Sou 5s 50, Kan City Ter 45 '60. Lake Store 45°31. . Leh Val cv 45 2003, Leh Val 55 2000. . L & N uni 45°40. . Manh Ry 1st 4590, MER&L4%s'31. Mil E Ry & L5851 Mil E Ry & L 6561, M con 4s. M 55 '38. M 5s gud. a5 941 46 10674 10674 99% 991, 111% 1114 111% 111% 83N 83% 1003 100% 901 90Y + 931y 931y 1014 101t 10515 1051 73 74 61 + 103 9 10013 1005 9% 918 110t 1101 981y 981, 5315 100 1008 105 105'% 103% 104'; 20 90% 215 921 98 101 101% MK&T4 99 MK &Tad MK&TprinbsA. Mo Pac gen 4. Mo Pacific s F Mo Pacific 5s G Mo Pacific 5s H '80. Mo Pac Gliscv 49, Mont Tr Ist 5s ‘41 N Ch & St L 4578 Nassau Elec 45 '51. N O T & M 5s A '35, OT&Mb5s 54, YCgn3les’97... Y Cent 4155 2013, Y Creim 58 2013, N Y Cent db 6s '3 NY x 100 104 10414 80% ROTY 1015 102% 101% 101% 101% 102 109 109 100% 100% My e 54 54 100 100 103% 1035 Bl Baw 102% 10 1084 10 106% 1064 100t 100% 9T 9TY % 107% 108 108 1024 1024 102 102 957 123 51 5% B0% al 985y 69% 4% 95 & 100% 10015 113% 1133, 1025 102% 981y 9N 1111 10 105! 109% 110 9% 95% 105% 105 105% 105% 105 105 1087 1087 10115 10115 1007 100% 993, 997 9% 1% 927, 93 103 108 997 9974 109'; 109': 1095 95 c & St1 7 S & St L 6s’'31. C&StL6s'32, NY NH&H 4145 '67. Y NH&H cv db 6s. NY O&W 1st 2. NY Rys inc 6s Y S&W 1st 55 '37. NY W&B 4745 '46. . Nor & Wn cv 45 '96. Nor Pacific 35 2047. Nor Pacific 48 '97. . Nor Pac 4148 2047. . Nor Pacr16s2047. Penn gen 415865 . Penn 4148 '70 4 Penn gen 5568 Penna by ‘64 Penn 6lis P&WVA Port Ele€ 6547 Port Ry bs '42 Port Ry L&D 63°47. Por R L& 46 Read gen 4125 A '97 StLIrM'nt 6831, StL IM R&G 3 StL&SFindsA. StUL&SF4%s'78. StL&SFprinssB StLS Wevdas'32.. StP Un Dep 687 San A & A P4s'4 v C C NY d 10515 9 109 21 101% 5 100% B 99T, 12 91 14 93 3108 42 58 47 10 Seab A Lirf4s’49.. Seab A L 4= st '50. . Seab A L cv 65 " Seab A)l F16s A '35 58 13 474 10 58 a7 10 1095, 1095 | 100% 100% | [Covew vone BONDS o] | WORTEAGE BONDS Wire Direct to The Star Office INLARGER DEMANI Market Stimulated by Secre tary Mellon’s Announcement of Redemption Plan. BY PRESTON 8. KRECKER. Special Dispatch to The S NEW YORK, September 15.—TI stimulation which has been given the bond market by Secretary Mellon' announcement of the Treasury Depart, ment’s plan to redeem more than & bil. lion dollars par value of Treasury 3! per_cent notes next March augurs fo a continuation of a good market fo mortgage bonds of all descriptions. I portends higher prices and possibl a prolonged upward trend in values of that type of investment. It is easily recalled that until tl collapse of the stock market last Au tumn caused one of the most violen deflationary movements in equity in vestments in the memory of man and cost the public billions of dollars’ loss| followers "of the market had widel proclaimed the arrival of a new era financing which signified that the old fashioned mortgage bond had gone inid permanent eclipse. It was the conten tion of the apostles of the new era thal never again would bonds regain the.q old-time popularity as investments. Not only the general public, whic might be excused for falling into sug an_error, became firmly convince tha common stocks had usurped the positio long enjoyed by bonds as prime invest- ments, but investment banking firm: and organizations which for years had| devoted their energies to distribution) of fixed income-bearing obligations alsal subscribed o this belief. They recon structed their entire underwriting policy, adapted their organizations to the dis- tribution of stocks, and not only bought them in amounts never before under-| taken by investment banking houses, but recommended them for investment) as never before. Only a very few consel vative houses eschewed the new-era doc trine and continued to handle bonds exclusively, confident that the coma- mon stock doctrine was a fad which would soon pass awa The wisdom of those convervativel bankers has been proved by events, while less conservative organizations| now look back with regret upon one of the costliest experiments they ever tried. It is an open secret that bank- ers who followed the common stock fad suffered enormous loss, both in dollars and in prestige, which they still are struggling to repair. One of the big- gest mergers of investment banking houses on record, consummated not long ago, was due directly to the fact that an old and once conservative organi zation had suffered such serjous impair- ment of its working capital that it was unable to take participation in bond flotations on the scale it once did. (Copyright. 1930.) Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., September 15. Potatoes, white, 100 pounds, 1.00a2.25; barrel, 2.25a3.25; sweet potatoes, barrel, 3.25a4.35; beans, hampers, 50a1.25; | beets, 100, 2.00a4.00; cabbage, basket, 75a2.00; carrots, 100, 2.00a4.00; cauli- flower, crate, 1.25a2.00; celery, crate, 1.25a1.75; corn, dozen, 15a35; cucum- | bers, hamper, 50a1.20; eggplants, ham- | per, 50a1.00; lima beans, bushel, 1.00a 1 2.50; lettuce, crate, 25a75; peppers, ham= per, 50a75; squash. hamper, 50a75; to= | mato2s, hamper, 40a1.00; packing stock, | bushel. 25a60. Apples, bushel, 50a1.7: hamper, '50a1.50; grap: 50; huckleberries, quart, 18a25; peaches, bushel, 1.50a4.00; pears, bushel, 90a 1.60; watermelons, 100, 10.00a40.00. Dairy Market. Poultry, alive—Chickens, Springers, pound, '20a28; Leghorns, 15a23; old | hens, 20a28: Leghorns, 15a18; roosters, | 14a16; ducks, 13a20; guineafowl, each, | 50265; pigeons, pair, 20. Eggs—Receipts, 1,925 cases; nearby | firsts, 30: hennery white firsts, 35; Southern firsts, 28: current receipts, 27, Butter—Good to fancy creamery, und, 36a42; ladles, 28a30; rolls, 27a process, 33a35; store packed, 24a25. Hay and Grain. Wheat—No. 2 red Winter, export, 8 No. 2 Winter, garlicky, spot, 85; Sep: tember, 85:" Oct-ber, 86. Corn—No. 2 domestic, vellow, new, 1.14a1.15; cob c: 5.25a5.50, Rye—Nearby, 65a70. Oats—White. No. 2, Hay—Receipts, none. General hay market strengthening. Drought has seriously curtailed nearby crops, chang= ing the entire situation. Sections here- tofore shipping are now asking for of- fers of hay. Gcod clover mixed and timothy new hay will bring frem 22.00 to 28.00 per ton ‘Wheat straw, No. 1, per ton, 9.00a lg gfl: oat straw, No. 1, per ton, 9.00a 10.00. cantaloupes, hamper, 35a new, 49: No. 3, 48, Live Stock Market. Cattle—Receipts, 1,400 head: supply; market slow. Steers, choice to prime, none; good to choice, 8.759.75; medium to g-od, 7.00a8.25; fair to medium, 6.00a7.00; plain to fair, 5.00a 6.00; common to plain, 5.006.00." Bulls, choice to prime, none; good to_choice, 6.00a6.25; medium to good, 5.75a6.00; fair to medium, 5.255.75; piain to fair, 4.7585.25; common to plain, 4.2524.75. s, choice to prime. none; good to choice, 5.25a5.75; medium to good, 4.5 85.25; fair to medium, 3.7584.75; plain to fair, 2.75a3.75; common to plain, 2.25a2.75. Heifers, choice to prime, none; good to choice, 6.75a7.75; medium to good, 6.25a6.75: fair to medium, 5.25a 5.75; plain to fair, 4.7585.75; eommon to plain, 3.75a4.75. Fresh cows and Springers, 30.00a80.00. Sheep and lambs—Receipts, 4,000 head; moderate supply; market steady. Sheep, 1.00a3.50; lambs. 4.00a9.50. Hogs—Receipts, 2,800 head: light sup- ply; market spotty. Lights, 10.75a11. heavies, 10.50a11.50; medium, 11.25a 11.75; roughs, 7.00a9.00; light pigs, 8.00 29.75: pigs. 9.75a10.25. Calves—Receipts, 1,000 head: supply; market steady. Calves, 12.00. U. §. TREASURY BALANCE. The United Stafés Treasury balancp announced today as of close of busi- ness September 12, was $38.085,308 3¢ Customs receipts for the month to da were $13,943,645.93. Total ordinary expenditures, $7,404,663.46. TREASURY CERTIFICATES. (Reported by J. & W. Selisman & Co ) Rate_Maturi v 7.5 Dec 15 1830, 27as June 15, 1931 2:1s Sept 1931 31is Mar 3las Sept A13s Dec fair 5.00a Sou Pac col 45 '49 iou Pac ref 4s Sou P 4lps 69 ww Sou I"& Or 4%s lwy gen 4s ou Tex & Ark 5'%s ‘50, Tex & Pac s B'17. Tex & Pac 55 C 7)., Third Ave ret 4s ‘60 Third Av adj 55°60. Un Pae Ist 48°47. Union Pac 45 68... Un Pac 415567, Va Ry 1st 58 6. A Va Ry & Pow 53 ‘34 Wabash 5s B 76, West Md B2 4 West Md 5877, . West Pac 6346, . Wh & L E cv 4s 45, Wis Cen gn 4536,