Evening Star Newspaper, September 9, 1931, Page 14

THE EVENING STAR, WASHINGTON, D. ¢, WEDNESDAY, SEPTEMBER 9, 1931 FINANCIAL. NEW YORK STOCK EXCHANGE - ||DECLINEINBOND |([ox sev vorx BONDSstoce sxcuuvca] || ARGE PAYMENTS Received by Private Wire Direct to The Star Office. by Private Wire Direct to The Star UNITED STATES. (Sales are in $1,000.) A—I4 FINANCIAL, UPKEEP OUTLAYS Sales. High. Low. (Continued From Page 13.) ~1931~ Stock and Bales— Net. Hoe & Co63;,8'34.. 9 b52% 52% CUTBY RAILROADS Decrease of 20 Per Cent in! Past Six Months Held Most Vital Move. Special Dispatch to The Star. NEW YORK, September 8.—A de-| crease of more than 20 per cent in expenditures for maintenance by rail- | roads of this cauntry in the first six months of 1931 frem the similar period of 1930 is shown in ¢ compilation by the Standard Statist s Co. of New York, which points - it that railroad | eerning power would Je practically nil in numerous irstances if normal main- | tenance programs were in effect. Traffic and earnings are so low that roads have curtailed maintenance out- Jays over the first half year by amounts ranging from 30.8 per cent for Wabash to 8,4 per cent for Union Pacific. In 18 instances such savings per share were in excess of indicated results on the stock for the full year, notable among which_are such roads as Baltimore & | Ohio, Rock Ieland, Illincis Ceniral, Mis- souri Pacific, New York Central and others. Atchison’s mainierance cut approximated nearly 50 per cent of esti- mated 1931 earnings, while Pennsyl- venia’s, Southern Pacific’s and North- ern Pacific's accounted for even larger propor Twelve of the carriers included saved amounts in excess of the indicated total 1931 balance, after y curtailed maintenance durirg alf. Deteiled figures follow Total maintenance {550 omitted ) 5 Chicago Chicago Chicaco, Chicago! Delaw Lrie Great 'Northern. . Tilinois Central Lehigh Valiey. . Lackawanna. ... x Central ¢ . Chicago & St. L NP ario & W. Norfoli ern orther: Francisco. . GoihouoL oA RnoEsd o R E P b ] 30 ronds 9 \ all class 1 roads’: 531 235288235 23535583 22083551 g8 Dispatch to The Star. Md., September 9.— Potatoes, barrel, 100 pognds, 90a1.25; sweet potatoes, bushel, 50a65; beans, buzhel, 50a80; beets, per 100, 2.00; cab- | age, bushel, 25240; carrote per 100, per dozen, 10a13; cu- per, 20240: eggplants, lettuce, per crate, 258 beans, hamper, 1.5022.00; 2.0023.50; okra, bushel, hamper, _20a30; pounds, 1.75a2.00; squash, per bushel, 40a50; tomatoes, bushel, 40a5C: apples, bushel, 25a75; cantaloupes, Famper, 3560; crab ap- ples, basiet, 35a50. 1 iry Market. e—Chickens, young, 208 18a20; old jens, 18a26; &; roosters, {2a15; ducks, pair, 15a20; guinea Bpe BALTIMORE, ma crate, peppers, onions, per 100 Pouitry, 25; Leghorn: Leghorns, 14 12 o r current receipt: 21; es, 25a30. Butter—Good and fancy, creamery, i ladles, 19a20; process, 23a24; store packed, 15a16. Iiay and Grain Prices. No. 2 red Winter, export, no fo. 2 red Winter, garlicky, c, 49; September delivery, 50. Sales—Cargoes on d Winter, garlicky, 5014; : No. 4, 461, No. 5, 4414 2, yellow, domestic, spot, 3 :3.25 per barrel. white, domestic, spot, 2923 New hay is nereasing quanti- I cial grading has d. selling being strictly on for old hay slow and i quict, with prices range of 15.00 to wheat, 9.0029.50 per 0.0021000 per ton. &k Mearket. . 75 head; light sup- ceip cull. “hoice to prime, none; geod 8.00; medium to good, to medium, 5.5026.00; 5.0025.50; common to 5.00. ice to prime, none; good . 4.5024.75; medium to good, 12ir to medium, 3.50a4.00; fair, 3.25a3.50; common to 3.0023.25, Cows—Choice | to prime, none; good to choice, 4.5024.75; medium to good, 4.0024.50; fair to medium, 3.50a4.00; to fair, 2.50a3.50; common to 1.5022.50. —Choice to prime, none; good | C . 6.0026.50; medium to good, 5.7526.00; fair to medium, 5.25a5.75; plain to fair, 4.7525.25; common to plain, 4.25 g Fresh cows and springers, 30.00a60.00. Sheep and lambs—Receipts, 6 5 light supply; merket steady lambs, 4.00a8.25. 2 elpts, 600 head: light sup- market s ats, 6.60a6.90; ies, 6.25 i medium, 6.90a7.20; roughs, 4.2525.00; light pies, 6.1526.40; pigs, 6.3 60 7.00 0 1air plain to plain, 4 Bl to b 4.0024. plain plain, piain, Calves—Receipts, 50 head: light sup- | Grand T market stead, FREIGHT LOADINGS DROP DURING WEEK OF AUG. 29 Revenue freight loadings for the week ended August 29 dropped approximately 25 per cent under these for the same time last year, according to & statement today from the American Railway Ass clation. The figures were 763,764 cars this year—-220,745 under 1930. It was, how- evcr, an inerease of 15053 above the preceding we calves, 4.00a10.00. | ~1931~ Stock and Sales— High. Low. Dividend Rate. 7215 36 Mullins Mfg pf (7).. 1608 18% 6% Murray Corp. . 407 20 Nash Motors (4) 10% 4% Nat Acme Co. 10 3% Nat Bella Hess... 32 17 Nat Bella Hess pf. 83% 499 Nat Biscuit (2.80). 39% 18% Nat Cash Register A [ 50% 268 Nat Dary (2.60).... 29 Nat Dept Strs 18t(4) 19% Nat Dist I'rod (2)... Nat Lead (5).. ad pf A (7). wr & Lt (1). Radiator. Steel (2). 15 160 40s “on Copper(80c) Newport Co (1)..... Newport Co (A) (3). Newton Steel....... Y Air Brake (1)... Y Chica i Y & Harlem (3). N Y Inyestors. ... 6 NY N H& Hart (4).. 25 NYNH&Hpf (7). 1 NYOut& Western.., 3 Y Shipbuilding.... 3 ¢ Shipbldg pf(7).. 130s 100s 50s 6 .8 6 96 Y Steam 1st p£(7). Noranda Mines. .. orf & Westn (T12). orth Am Aviation. or Amer(bl10%stk) orth Amer pt (3) orth Am Ed pt (6 >acifie (5). T OlivFarm Eq pr pt 2 Omnibus Corp. 2 Orpheum Cir pf (8).. 108 Ous Elevator (2%). 2 Otis Steel pr pf (7).. 1008 Outlet Co (4) 108 114 Pacific Coast 2d pf.. 107s 88 lacific Gas & Bl (2). 53 4815 Pacific Lighting (3). 7 s 5% Paekard Motor (40c) 69 50% 19% Paramt-P(m1.62%p) 11° 5 Park & Tilford.. 1 Pathe Exchange. 3 Pathe Exchange (A). 4% 2% Peerless Motor Car.. 4613 2815 Penick & Ford (1)... 44%, 284 Penney (J C) (2.40). 100% 90, Penney(JC) pf A (6) 513 1% Penn Dixie Cement.. 64 34% Penn Railroad (3) 104% 96's Peoples D S pf (613) 250 174% Peoples Gas(Chi)(8) 92% 85 Pere Marq pr pf (5) 10% 6 Petm Corpof Am(1) 25%+ 107 Phelps Dodge (1)... 12% 6% Phila&Reading C& 1 125% 9 Dhilip Morris&Co(1) 52 44% Phillips-Joneés pt (7) 16% 4% PLillips Petroleum. . 72% 54 Pierce-Arrow pf (6). 3% 1 Pierce Fetroleam. 37 25 Lisbury Flour (2). 28'; 15% Pitts Coal. . 80 40 Pitts Coal pf.. L87 40% Pitts Steel pf £6 30 Pittsbgh & West Va. 27 4% Port Rig Am Tob(A). 8 1% Port R Am Teb (B). 20% 6ly Prairie Oll & Gas. ... )y 14% Prairie Pipe Line(3) T ed Steel Car. .. 470 14% 1% 56 16 6 9614 T2 1021, 95 1201 109% 16015 14 90 20s 19 Prod Public Refiners pf. . ve NJ(3.40). Public Sve NJ pf (5) Public Sve NJ pf (6) Public Sve N J pf(8). 10714 103% Pub Sve G&E pf (5). 5813 27% Pullman Corp (4)... 2 % Punta Alegre Sugar. Pure Oil. . Pure Oil pf (8) Bakeries (3) . Radio Corp........0 Radio Corp (B) (5). Radio-Keith-Orph A. Raybestos-Man 1.60. eading RWY (4)... teal Silk Hoslery... Remington-Rand. Reo Motor Car(40c). Republic Steel. . Republic Steel pf. Reynolds Metls(1%) Reynolds Tob B (3). Richfield Ofl. 4 Rio Grande Of Rossia Insur (2 R 1 Dtch(m! StoreX (5) . Safeway Strs pf (6). Safeway Strs pf (7). St Joseph Lead (1).. StL-San Francisco. . L-San Fran pf(6) St Louis Southwn. chulte Retail Stores Schulte Stores pf (8) ott Paper ($1.40). Seaboard Air Line pf seaboard Ofl. . ars Roebuck (2 Second Natl Inv p Seneca Copper. . Servel Inc. .. Sharon Steel Hoop. . Sharp & Dohme. .... p & Do pf (332). Shattuck(FG) (t1%) Shell Union OIl. Shell Union Oil pf... Shubert Theaters. .. SImmons Co.......s Simms Petroleum. .. nclair Consol Oil. . Skelly Oil. ... . Skelly Oil 1% Snider Packing... 1017 5514 27 120s 60s 9 15% 127 62 4% Add 00. High. Low. Close. Chge. 100 140 High. 159, 21 17% 112% 54ty 1091 657 36 13% 161 17% 1715 2015 BEM 6474 518 106% 19 5214 34y 57 Net. 6 17 514 8% 23 5 5% 214 531y 24 31% 30 26'4 51 8% 214 4t () 24% 49% 231, o - % — 5% W 4 18 112% Unit Bis i 150 | 9% | 110 4 129 102 143 Young 32 10 Low. 714 South Port Rico Sug. 96% Sou P’ Rico Sug pf(8) 10s 4 Twin City 4 Union Pacific (10). .. 3% Dividend Rate. Snider Packing pf. .. Socony-Vacuum 1.60. 97 50 11% 108 42% 68% 15 33 8 3 10 Southn Cal Ed (2). Southn Pacific (6) Southern Rwy (m6). Spalding (AG) (1).. Sparks Withing (1) pencer Kellog (80c). Spicer Mfg vore Spiegel-Ma: Stand Gas. Stand Gas Stand Oil Cal (h2%). Stand Oil Exp pf (5). tand Oil of k tand Oil NJ ( t(LS) (12% Sterling Secur (A).. tewart Warner.... 4 Stone&Webster (m2). udebaker Co(1.20) Sun 01l (1)... Superheater 11% Sweets of Amer (1). 15 Symington (A 29% Tex Gulf Sulphur(3) Tex Pacific Coal&O1l. Tex Pacific Land Tr. Thatcher Mfg Co. . he Fair (2.40).. Thermoid Co Third Avenue. . Thompson Prod 1. Thompson Starrett. . ride Water Agso Oll§ 'ide Water As pf(6) 4 Timken-Detroit Axle Timken Roller B(2 fobacco Products Tobacco Prod A t95¢ Cransamerica (40¢). 'ri-Contl Corp “T'ri-Contl Corp pf (6) 'rico Products(2%). uscon Steel (60¢). p Tran. Tr pf(7) i 10s Ulen & Co T Under Ell Fisher (4). 4 Union Bag & Paper 3 Union Carb & (2.60).. 144 Unlon Oil of Cal (2). 49 17 4 4 159 6 30s 6 Union Pacific pf €4). Un Tank Car (1.60).. Unit Afreraft. . Unit Biscuit (2).... cuit bt (7)., Unit Carbon. ... Unit Cigar Unit Corp (75¢ Unit Corp pf (3). Unit Dyewood Unit Gas&Im(1.20) s&Im pf xpre 7S Freight. . S Gypsum ( S Rubber 1st pf. mtgy & Ref (1). eel Corpn (4).. Steel pf (7) United Store: Univ Leat U 1 It 1 1 t t U 0 i T i U 1 U 1% Univ Pipe & I 19'; Util P&L(A) e Walworth Co. . Ward Baking (B) Warn Bros Pictu i &Pipe(2). isenlohr a Pwr pf (6). Western Dairy (B). Western Maryland Western Md tern P’a Western Western Unlo; Westinghse Yesting EI&Mfx (4) Westing E&M pf (4) Westvaco Chlor (2). B(2).. .2 574 480s Wilcox Of Willys-Overland. . Wilson & Co...... Wilson & Co (A). Wilson & Co pf.. Woolworth (2.40) Worthington Pump. Wrigley (Wm) (4).. 11y 4% 301, 667 407y 700 2014 6% 15% Young Sh 33 Zenitn Radio Zonite Prod Corp 101 6% 17 10% 108 313 41 66% 20% 1915 6% 13% 8 Add 00. High. Low. Close. Ch 6% 1T 6% - 174 11 F8 sEx gEer seF ! S PIESE S F&F W - 3% PRIGES GONTINUE Many New Lows Recorded as Industrial Issues Are Sold. BY F. H. RICHARDSON. Spectal Dispatch to The Star. NEW YORK, September 9.—Bond prices slid downward today without much show of resistance, though there were spots of strength in the railroad list following the firming of a few car- rier shares on the stock market. In- dustrials were sagging to new lows all along the line, and, while municipal and prime corporation issues were firm, United States Government long-term bonds dropped from 3-32 to 10-32. The selling of Government issues fol- lowed announcement from Washington that the $800,000,000 Treasury offering of 24-year 3s had been oversubscribed by only $140,559,550. This was & nar- row margin, in the opinion of the Street, and was reflected in a market of 9924-32 bid and 99 30-32 asked for the new 3s. Treasury 4s dropped 10-32, Treasury 4',s about 5-32 and Liberty and other Treasury descriptions were similarly affected. This soflenhgeol the Government market turned aften- fon to municipals, whose prices firm:d slightly. As a result, $4,000,000 of munici als and a small high-grade utility issue were quickly subscribed and applica- tions for a $20,000,000 Federal inter- mediate credit bank issue of 3s, due in 2, 6: 9 and 12 months, were heavy. In the railroad list some issues slip- ped as much as 1’; and 2 points on sales of a few bonds, notably in Nickel Plate 6s, Wabash 4!;s, Baltimore & Ohio convertible 415, Big Four 4!2s and Southern Pacific 4'.s. On the other hand, small fractional gains appeared in Alleghany 5s, Erie consolidated 4s, Erie 5s, Missouri-Pacific 5s, Northern Pacific 3s and 4s and Pennsylvania 4%s. Industrials like Anglo-Chilean Nitrate s, Chile Copper 5s, International Match 5s, International Telephone 5s, Amer- jcan & Forelgn Power 5s and other bonds affected by the uncertainty in the foreign situation declined sharply. Na- tional Steel 5s fell 11> points to a new low. Philadelphia & Reading Coal & Iron 6s were off a point. Hudson Coal 5 lost a point. Forelgn dollar bonds were generally lower. The continued uncertainty over the British situation was reflected in lower quotations for sterling and frac- tional drops in B bonds. The 5'3s listed on the Stock Exchange were off a small fraction and the 4s were quoted at lower levels. German bonds were also lower. The Dawes reparations 7s lost over 2 points and were within a point of their pre. vious low level. The Young plan 5° hovered slightly above their low. Ger- man bank issues. municipals and cor- poration bonds eased. Most Europeans were inactive, but the trend was down- ward. South Americans sold off, with Argentine 65 down a point in response to continued weakness in the exchange | market. Brazilians canceled an early | rise. MANY UNCLAIMED BANK Speclal Dispatch to The Star. NEW YORK, Septcmber 9.—News- papers are publishing lists of unclaimed bank deposits—an intercsting event each year that arises from the pro- visions of the banking law. Wall Strect is always extremely in- terested in these evidences of some- nody's carelessness or indifference. In most cases the amounts are small, rang- ing from a few cents to $5 or so. But there are a number of substantial bal- | ances, unclaimed many of them for a long term of years. and people never {cease to speculate on the stories that | are behind them. Some of the older institutions, such 4 | 8s the Bank for Savings and the Sea- 10 Sales of Stocks on New York Exchange. 10:30 AM. 200,000 1 1,400,000 00 Noon. 2:10 P.M. 800,000 1,700,000 Dividend rates as given in the above table are the annual Z | 01 + 1| 4% b —%lh stock. lus 27 in stoc ‘payable in’ stock. 7 in stock. Plus e Payable in cash or stock. T Plis 50c in- special in stock. tPartly extra. a Pald lasi year—no regular rate. % | cash payments based o the latest quarterly or half-yearly declara- 5. *Unit of trading less th: 1 . ¢ in stock” TPlus S5 i stock. & Pail las 1Plus 1 Plus 8% in stocx. preferred stock. T Paid this year—no regular rate. nPlus 5% i1 X Plus [} SHORT-TERM SECURITIES. (Reported by J. & W. Sellgman & Co) Off Allis-Chalmers Co. 5s 1937.... American Chain Co. 6s 1933 American Tel. & Tel. 5';s 1943 Amer. Water Wks. & Baltimore & Oh! 4 Belding Hemingway Bethlehem Steel Canadian Nor. Rw: S Chi. Northwestern R. R. 5s 1933 Chicago_Rock Island 4s 1934... Cleves Lot & ‘Wheeltng 55 1933 Coloredo & So. Rwy. 4'is Commercial Credit Co, 5‘5! Delaware & Hudson Co. 5s Denver & Rio Grande 4!3s Gen. Met. Accep. Corp. 65 General Petroleum Corp. 5s General Pub. Service 5las Grand Trunk of Canada 6s & W. T. 55 1933 Humble QI 31zs 1932, B} Laclede Gas Light Co. 55 Louisville & Nashville 5s° 1937 New York Cent. & H. 4s 1934 New York, Chi. & St. L. 6s 1932 Northwestern Tel. 4!2s 1934 Penna. R. R. Co. 6'2s 1936. ... Portland General Elec. §s 1935 Republic _Iron & Steel 5s 1940 | Sinclair Crude Oil Co. 5izs 1938 outhern Pacific 85 1034....... ST S RY R& G 45 1933 Union Elec. Lt. & Pow. 55 1933 Union Ol Co. of Calif. 55 1935 Virginia Rwy & Power 55 1934. Wabash Rwy. Co. 55 1930.. NEW YORK BANK STOCKS w@)— NEW YORK, September 9 Miscellancous freight loadings totaled | Over-the-counter market: 282,202 cars, a decrease of 102,840 below . BANKS. the same weck of 1930; merchandisc | america M4,627, decrease 24,695; coal 134,403, decrense 34.476; forest products 28,036, decrease 14,788; ore 34,927, decrease 20,821; coke 4,868, decrease 3.615: grain and grain products 40,453, decrease 4,- 307; live stock 24,248, decrease 306. CHICAGO DAIRY MARKET. OHICAGO, September 9 (#)—But- ter—Receipls, 15,033 tubs; "market steady; creamery specials (93 score), 301,a31; extras (92 score), 30; extra firsts (90-91 score), 27':a28%%; firsts (88-89 score), 258267 seconds (86-87 score), 22a24; standards (90 score, cen- tralized carlots), 29. Eggs—Receipts, 9,103 cases: market firm: extra firsts, 21; fresh graded firsts, 20; current re- ceipts, 16a18! PARIS BOURSE PRICES. PARIS, September 9 (#).—Three per cent rentes, 89 francs 65 centimes. Chase ..... Chat Phenix . Commercial N; First Natl N Y... Manhat Co . Naul City Public Bankers Brooklyn ... Chem Bk & Cont Bk & Corn Exch . Empire . Guaranty Irving Manufact . 43 New York . 130 —e FOREIGN EXCHANGE. tions furnished by W. B. Hibbs & Co.) (Quotations AT a1 Gcig Beliige Sheds today. dof, pound . is, franc Brussels, belga Berlin, 'mar Rome. ' I Zuric an Athens; drachm: Madrid, peseta 45 133 er | 3 | 18a20. Poultry, pounds and over, 26a27; Leghorns, 18a20; hens, small, 21a22; roosters, 12a13. Dressed—Spring broilers, 25 hens, large, 27a28; 16%.; gdod, 101 Live stock—Hogs, heavy, roughs, 3.00a4.25; lambs, 4.00a7.50. Fruits—Watermelons, loupes, Colorado, flats, calves, sian melons, 2.00a2.7: 5.50; lemons, 4.0026.0 box stock, 2.25a2.50; peaches, 50a1.00; crates, 1.00; bushel ‘Tokays, 2.25a2.50; less, 2.00; pineapples, prunes, 1.00; figs, 5.00; bananas, 50a1.75. 100 bunches, 3.00; peck baskets, 1.50a2.00; 1.25. 3 pounds and over, 32a33; 2 to 2'; pounds, 20a | Empire Safe Dep.s280 30, 115 to 2 pounds, 27a28; Leghorns, small, :'.'oosters, 43a14; Long Island ducks, 21a | Rutland R R pf o 15a35; 1.15; crates, 1.00; honeydews, 1.75a2.00; Per- oranges, 3.50a ; limes, per 100, 1.75; apples, bushel baskets, 50a1.00; pears, grapes, Concords, baskets, Thompson _seed- 4.00a4.5 damsons, two- | peck baskets, 1.00a1.25; grapefruit, 5.00; Vegetables—Potatoes, per barrel, 1.75 a2.00; sweet, per bushel, 75a1.00; toma- toes, 75a180; string beans, 1.00; limas, 4.50; cabbage, 50a75} kale, 50; 1.25; corn, 50a75; cucumbers, 75; cel- ery, 3.75a4.00; lettuce, Iceberg, 4.50a 5.00; New York, 1.25a1.50; carrots, per beets, per bunches, 3.00; eggplant, 75; okra, two- Dpeppers, 1.00; squash, 50a75; mushrooms, 1.00a DIVIDEND REDUCED. - | DIVIDENDS DECLARED NEW YORK, September 9 ().— Extra. 3 i Eggs—Hcnnery, 28; current receipts, | alive—Spring bxéuflers. pounds, 24a25; 112 to 2 pounds, 22a23 large, | Initial. 3 |comwith Tr Sh..13.89c to 21. |Dom Motors Ltd....20¢ 23a24; | Champion_ Hdware.75¢ | Cent Vt Pub_Serv..s1 Deise! Wem & G...25c Dempster Mill_Mf50c Price Bros Ltd | 5c 23 o Mills.........52 | Bowmanville N Bk Chi Burco Inc pf_ : 500dr Ch (B F) t. §oael Ohs' Tea, o0 P! Tri-Nat_Trading Worumbo Mfg pf. | Company. ! AetnaLife -3 | Alum_Goods Mfg.: 30c | Am Fork & Hoe. 3ilzc Do. 6% pt. 1.0 | Ardoyer “Rity 50 | Am Roll M 6% pi.31:50 Do. pf B........$150 Appal EI Pw $7 bl $1.75 Do. $6 pf $1.50 Bandini - Petroleum.. Sc Bank of N Y & T.34.50 | Boott Milts. ! Gelan Am Clark (DL) Cont - Casu | Courler Post Do. 7% pf. Cresson ¢ Goid Mo M.l canta- nearby, 3.00; 65a75; Br % 8ol ty . ol ... Detroit _‘Bikrs Eastn 88 1st pf Do. pf (no par) East Tr (Halifax)...$2 Fed Bake Shops pf.51.75 First Nat BI 25c Galy Whart Gilbt (A C) cv Gorton-Pew Fi Haloid_ Co 5 Do. pt. 75 | Ham' Cot "cv B1..."" 30¢ | Hawatlan Canneries.20c Hawalian El (8200 .15¢ Honoluly Gas Co.15¢ Tilinois Pipe_Line.$4.50 Indiana G 8y pf.$1.50 pinach, 100 58 Pe- Pay- Rate. riod. able. ....25¢ Oct. | Interim. Meats—Beef, prime, 17; choice, 16a |Boots Pure Dg Ltd.6% B 14a15; medium, 13al3la: | : veal, top, 16; medium, l4a | Cornell ¢ lamb, top, 20; medium, 17a18; pork | i loins, 8 to 10 pounds, 25a26; 10 to 12 pounds, 21a22; 12 to 14 pounds, 18al19; fresh hams, 19; smoked hams, 21; strip | bacon, 22a23; lard, bulk, 10; package, 5.7526.00; | | medium, 6.80; light, 6.50; pigs, 6.00, 7.0029.00; Omitted. Regular. Pe- Rate. riod. 0c Q Oc July July Liquidating. Aug. Hidrs. of Sep. 15 July 12 July 12 1 July 21 Rate Period. Due 53" 8 L5 5175 3¢ 0 178 Pay- able. » YISO, SNTOION: " TSP - SOTOTOION Do SIOT: - 01 00y RERERERIN Q Q g Q Hldrs. of record Sep. @ 8 record. | | men’s Bank, state that they have some | unclaimed deposits dating back 80 and 100 years, which, had inferest on them | not ceased after the first 20 years, would have grown to enormous size by now. | The banks will not divulge amounts | or"details. Washington Stock Exchange SALES. Wash. Gas 6s A—$1,000 at 103%. Wash. R. & E. 45s—§2,000 at 94, $2,000 at 94, Col, Country Club 5' »s pfd.—. notype—10 at 87. AYFTER CALL. Security Stge. Co.—10 at 105, 40 at 105. Bid and Asked Prices. BONDS. FUBLIC UTILITY. & Tel 4%is 39 Am. Tel. & Tel. ¢ 35 Anacostia & Pot. R. R. 5s.... Anacostia & Pot. guar. 5s . C & P. Tel. of Va 5. Capital Traction R. R City & Suburban 5s Georgetown Gas st 95 Potomac Elec. cons. 5% Potomac Elec, 65 1053.... . " Wash. Alex & Mt Vernon ctf Washington Gas 41:5 Washington Gas 58 . Wash. Gas 6s, series A Wash Gas 6s. serics B. Wash, Rwy. & Elec. 45.. 00000 MISCELLANEOUS. Barber & Ross. Inc. 6's. . Chevy Chase Club 5! Columbia Country Cli o 4D. C. Paper Mig. 65 b | W. M. Cold Storase 55. . STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Cepitol Traction Co. Wash. Gas Lt. Co. (18).. N. & W. Steamboat (12 Pot. Elec. Power 6' pfd... Pot. Elec. Pow 5'2' pfd. Wash. Rwy. & EI” com. (7 Wash. Rwy. & EI pfd. (5).... NATIONAL BANK. Capital (14). L Columbia (12} : . Commercial (stamped) District (8) . $1,000 at 102, Bid. Asked. Amer. Tel. 57 v 55 i) Lincoln (12)." Metropo Riggs (155).. Becond (9e).. v Washington (13). s TRUST COMPANY. Amer. Sec. & Tr. Co. (15) Continental Trust (6) Natl. Sav. & Trust (i2; Prince Georges Bk & 1. Union Trust (8s)........ Wash. Loan & Trust (1%). SAVINGS BANK. Bank of Bethesda (6%) Com. & Savings (10) East Washington (12). Potomac (10)... Sec. Sav. Seventh_'Street United States (30) . s 3 Washington Mechanics (20).. FIRE INSURANCE. Amerfcan (12)...... Corcoran (10). Firemen's (8):0: National Union (15} TITLE INSURANCE. Columbis (61 Real Estate (6h). MISCELLANEOUS. Barber & Ross Inc. com RAg ESAR D. C. Pa?er MIg. DI ~ Natl. Sec. ptd. (7 Emer. Bromo-Selz. “A’ Federal Storage pfd, Fed.-Am. C . 201 ® 10% 1003 Pty Mergent] Natl. Mt Peoples al Est. M. & G. pfd. (8). Bedirity Storaue (o). Ter. Ref. & Wh. Corn.”(3) The_ Carpel Corp. (2) Mech. Mtge com. (6)... Wash. Med. Bldg. Corp. Woodward & Lothrop com (1 DEPOSITS ARE REVEALED| Sales, Lib3%s32-47.. 1 L 1st#%s 32-47 13 L 4th 4% s 33-38113 US3%s'40.... T4 3%s 40-43, High. Low. Close. 102 7102 7102 7 102 29 102 26 102 26 104 27 104 25 104 26 101 2 100 26 100 26 102 1i 102 4102 4 102 25 102 11 102 25 102 15 102 4 102 4 105 18 105 18 105 18 34 %8 47-52..108 -Sales. High. Abitibi P&P 6s°53. 17 Alleghany Cp 6844 9 Allegheny 5549 Allegheny 5850 Am Chain 6s'33. ... Am F P 55 2030. 21 AmIGChb%s*49. 59 Am Intl5%s°49. ... 62 Am Metal 6%s'34.. 14 Am N Gas 6%s'42, 2 Am S&R 1st 58’47, 3 Am Sug Ref 65'37.. 6 AmTATcv4%s'39 3 AmT&T 58°65. .. 165 Am T&T c tr 65 '46. 19 Am T&T 6ss£°60.. 15 Am T&T 6%s'43... 20 Am W Wks 55'34.. 11 Am Wat WKs 6575 2 Am Wr Pap 65°47.. Arpentine 5%s'62. Argentine May "61. Argentine 65 Ju'59. Argentine 6s Oc’59. Argentine 6s A '57. Argentine 63 B '58. Arm & Co 4%38°39 Arm Del 5%s5 '43 Atchison gn 45’95 Atchiscv 414548 AtICLecl 45°62.. AtCL4%s 64 At Gulf 5859, Australia 4%s Australia 585 Australia 58 °57. Austria 78'43..... Austria 78 '57 ctfs, B&O4s'48 B&O4Ks"33, . B&Ocv4%s'60. &0 1st 53’48 Orf 5895, 065 D 2000. . 0 65'95. O Swdv 6850, B & O Toledo 4859 Bk of Chile 6%s Bk Chile 63,8°61. .. Batav Pet 4345 '42. Belgium 65 '55. .. Beigium 64549, Belgium 75 55 Belgium 7s ‘56 Bell Tel Pa 53 B '48 Bell Tell Pa 55 C'60 B Ind Loan C 65 '46 Beth Stl pm 55 '36.. Bolivi, Bolivia 75 '69 Bolivia 854 Bost & Me 43561, Bos & Me 5555, Brazil 6155 '26. Brazil 613827, Brazfl 7. Brazil 8s "41 Bremen 75 °35. . ... Bk Ed gn A 6349, . Bklyn Elev 6%s. .. Bklyn Man 65 ‘68. . Buenos A 6s'61 Pv. Budapest 6562 Buff Gen El 415531, {BR& Pitt 43557, Bush Ter con 58 '55 Calif Packing 55 40 Canada 45 '60 B B& B& Bé& ceee B& ® - P - T of N | Can Nat Ry 43 Can Nat 4%8'57... Can Nat 4%3 '55 | Can Nat 5s July" t 55 Oct '69.. Can Nor 415 E Can Nor 6125 db *46 Can Pacdb 4s. ... Can Pacific 4 Can Pac 4% Can Pac 55 '44.. Can Pac 5s'54..... Car Clin & O 5538, Cent |1l GRE 58'51. ent Pac 5s '60 Cert-td db 5155 Ches Corp 5547 C& O gen 434592 C&O 4%sA'S3. CB&Qgen 4s'38. C B&Q1st rf 55'71. CB&QI1dv 313549 Chi & Est 1115851, Chi Grt West 45’59, ChiM & St P 4s'89, CM&StP 4%s 89, C M StP&P s '75.. CM&StPadjbs.. 1 Chi&NW g 33, Chi & NW gn'ss Chi & NW cn 4 Chi&NW rf 55 203 Shi & NW 6145 °36. Chi RI&D gn 45 '88. ChiRI& Prf4s’34 ChiR1cv4%s'60. Chi R1& P 41:s'52 C TH&SE 1n 55°60. Chi Un St 5544 Chi Un Sta 5s F C& W lndcn 4 C& W Ind 513562, Chile 6s°60. Chile 6s'61. Chile 65 Chile 7s 4 Chile Cop db 5s '47. CCC&St L4 Clev Term b Clev Term 5% Cologne 6155 5 Colomb 6s Jan '61. @olomb 6561 Oct. . Colon O11 65 °38. ... Colo & Sou 4%5'35 Col G&E 55 May'52. Col G&E cou 55 '61. Com Inves 5%;s'49, CC Md 1st rf 55'50. Con G NY 4%s'51.. ConG N Y 5333°45. Con Pwr Jap 6%4s.. Copenhag 4 Copenhag 5 Cuba 535545 Cuba R R 58" Cuba Nor Czecho 8s Czecho 8s Del Pwr&L 4%s 71 Del & Hud rf 4534 Denmark 5%s '55. . Denmark 6s'42.... D&RG W is 1s'61. ison rf 55’49 Deutsche Bk 6s '32 Dodge Br cl 6s'40. Duquesne 4155 '67. Dutch East 16s'47. Dutch East 168’62, El Salvador 8s '48 Erie 15t con 45 '96. Erie con 45 A '53 Erie gen 4: Erie cv 58 Erie 58* Fiat 7s wa 2 Finland 535 '58... 6 Finland 6s°45..... 15 Finland 68 '56. 1 Finland 7s'50. 9 Fla E Coast 587 15 Fond J&G 4138'52. 1 Fram I D 71:8%42.. 2 French Ts " 27 French 7338 '41. 11 Gelsenk'hen 6s'34.. 47 Gen Baking 61;5°40 2 Gen Cable 5165 °47. 9 Gen Motors 6s '3’ 8 Gen Th1q.65’40... 23 German 5%s "65...2386 German Bk 6s'38.. 17 Ger Cen Bk 65°60J 11 Ger Cen Bk 68’60 0 34 German 7s rep '49. 101 German Bank 78’50 7 Goodrich cv 68 °45.. 14 Good 1st 6355 '47.. 19 Goodyr Rub 5’ GrandTr sf db 6s'3 Grand Trunk 7s'40. Grt Nor 413876 D. Grt Nor4%s'1TE 27 15 27 107 28 107 20 107 22 112 11126 11126 54 62 53 5014 9% 67% 9% 9% 68% 18% 102% 105 127% 109% 108 109% 111% 102 29 44 59 62 6419 6314 64y 63 4% 59% 1181 82 97 95% 1013, 100% 10314 96 100% 52 89 10415 98 973 1065 Low. 53 60% 51 48% 9% 67% 92% 75 664 18% 102'% 104% 127% 109 107% 109% 11 101% 97 44 58 621 621 9474 101 106 974 974 981y 981y 100 103 1024 100t 118 82 97 95'y 101y 100 10315 Close. 53 60% 51 49 97% 67% 94 5% 6615 18% 1021 105 127% 109% 107% 109% 11 101% 99 44 9T 981, 9814 10015 103 10214 100% 18 82 97 95 1013 100 103% 96~ 96 100% 51t B84 104% 97 96%, 106% 9215 211y 61y T 94 428 15 734 24 581y 80 104 56% 1051 106 85 9 21 23% 60 90 106% 1098 554 T 38 49 9415 a8, 9Ty 961y 33 103% 107 881 Nty 94 49 56 5974 36 10714 107w _ 100% 102% 1184 125 63 8L 13 10334 21% 55t 6134 55 b5% 82 % 58 97 90% 107 112% 84 83% 9314 1001 9374 981, 102% 431 50 103% 1084 83 8914 105% 1014 101 72 8714 63% 6833 658 65% 3% 74 81 15 12 102% 118 125 61 981, 71 103% 2015 53% 60% 548 541 8% 851 56 9614 90 107 12m 84 831 100% 51% i 97 97 106% 9215 2119 61 TT% 94 4314 15 731 84 5814 80 104 85 81 60 72 56% 105 106 85 99 23 23 30 60 90 1064 109% 550 371y 38 491, 941y 08y 97y 9614 331y 1033 107 8814 911y 963 49 56 €0 36 10715 1074 100%3 931 100!, 9374 9814 102% 431 50 1037 10814 83 8914 105y 1011 101 72 87 63% 688, 66% 66 7315 14 81 15 12 102% 118 125 "6l 981 71 103% 21% 64 60% 55 b54% 80% 66 56 9614 90 107 112% 84 8315 Hud & M ad) 58 '57. Hud & M rf 5857 Humble 0 5353 111 Bell Tell 55 °56. . 111 Cent 45 '5: ill Cent 45 11l Cent rf 45 '55. 11l Cent 4% "66. Ml Cent 612536, ... I CCStL&N Gs A.. 11l Steel 4158 '40 Inland St 4148 A'78 Int Rap Tr 58 '66. .. Int Rap Tr sta '66.. Int Rap Tr 6s°32... Int Rap Tr 78 32. Int Cement 55°48. . Int & Gr Nor 55 '56. Int & Gr Nor 65°52. Int& G N ad 6s'52. Int Hydro E1 68544, Int M Co 5s ret'41 Int Match 5s°47 Int MM col tr 6541 Int Pap 5s A '47 Int Pap 6s '55. Int Ry C A 58'72. IntT& T 4%8'52 Int T&T cv 4358'39. Int T & T 5355 Italy 7s '51 Italy Pub § 7 Japanese 5% '65 Japanese 6345 '54 Jugosl Bnk 78 ‘57 Kan CF{S&M 4536, Kan City Sou 55'50. Kan City Ter 4s'60. Kan G&E 4%s'80.. Karstadt 68 '43. Kend 5348 '48 ww Kreug & Toll 58'59. Lackaw St 58°50. .. Lac G St L 55" Laclede 53s C Laclede 5338 D '60.. Lake Shore 3145 '97 Lautaro N1t 63 ‘G4.. Leh Val cv 48 2003, Leh Ven 4358 Lig & Myers 7 Loea’s 65 ex w "41.. Lorillard 53%s '37 Lou 58'52... La & Ark 5860, L& Nuni4s'40.... L& aee t 5%s 2008, McKes & R 5% %50, Manh Ry 1st 4s'30. Market St 740 Marseille 63 '3 Midvale Stl 5s ‘36 Milan 634852 Mil E Ry & L 55 °61. MK & T adj 55°67. MEK&T prin 5=A'62 3 20 58 G TR Mo Pac Is H '80 Mo Pac rf 53 '81 Mo Mont Pow & Mont P Mont Montevideo 6s Montevideo . Mor&Co 1st 434839 N Y Cent 45798, . Y Cent db 4s ‘34, Y Cent 4135 2013, NY Cnrf 41552013, NYCrfim 55 2013. N Y Centdb 6535, NYCLS cl 31,598, 3 tL4s Sdisn 55 B4 Fd 1st 614541, H&H 4536, H&H 43286 H&H clt 6540, O&W 1st 4592 Y O&W gn 4 5. NY Rysinc 6s'65.. Y Tel 414839 Y Tel 6541 % Td 6138°60...... r & Wnev 4s°96. 25 P meRzoSRaanntanas v S35% e e e RESARAER Ll anrsammRaas s 18 4 No Am Co 58 '61... 113 Nor Am Ed 5857, Nor Am Ed 55 C '69 rAmE 5%s'63. Nor O T & L 65 '47. Nor Pac 3s 2047 Nor Pac 4s'97 rway 6s'44 Oreg-Wash 4561 Orient dev 5138, Orlent dev 65 '53... Pac G&E Is'42..., Pac T&T 1st 5337, Pac T&T rf 58 Pan Am Pet 63 °40 Paramount 6 '47 Parfs-Ly M 6s°58. . Paris-Ly M 7s'58.. Paris-Or 54s 68 Penn 4% s D '81 Penn gn 4148 '65. Penn 4145 '70.. Penn 43563, . Penn 5s Penn gen Penn 615 Penn O&D 41387 Penn P&L 428 '81. Peru 65'60..... Peru 6s'61... Peru 7s '39 Phila Co 55 °67. Phiia Eiec 4871, Phil & Read 6s'49.. Philippine R 48’ Phillip Pet 5% 539, Pillsh F M 65'43. PCC&StL 4%s P C C&StL 56 A PCC&StT Poland 6 Poland 78 "47. Poland 8§s°50. ... Por R Am T 6542 Pub SvG Queensiana Queensland Read gn 414s A 97 Reading 4125 B " Read Jer Cn 4s'51. Rem R5%:8 A '47 Rhinelbe 7s '46. Rnine West 65 '52.. Rhine West 6s'53.. Rhine West 68°55. . Rhine West 7s '50.. Rich Oil Cal 6s"44. Rio de Jan 63%s'53. Rio de Jan 8s'46... R Gr Do Sul 65 '68. R Gr Do Sul 8s '46. Rio Gr W 1st 4s'39 RIAr& L 41s'34. Rome 615 '52. ... Roy D 4545 ww... StL IM R&G 4533 St L&SF in 45 A '50 StL&SF4Ys'8. StL&SF p 158 B '50 StLS W bs'52. SanA & A P 45743, Sao Pau 78’40 ret.. Sao Paulo 8s°'36. Sao Paulo 8s '50 Saxon P W 6%s'51. Seab A L rf 4s'69.. Saxon 75’45 - Seab A L 4s st '50. . Seine 7s '42. Serbs-Cr-S1 Serbs-Cr-S1 Sbell Un Oil 5 Shell Un O11 65 °49. Shinyetsu 6%s ‘52, Sinclair Ofl 6148'38 4 21 16 pi | 96% 102% 107 831 60 70 60% 100% 70% 104 93% 65% 65% 49% 99 107% 70 96'% 102% 106% 83 60 70 60 100% T0% 103% 93 65 65 49 85% 81 63% 80 40 69 8 3% 72 69% 484 © 57 65% 80 T1% 99% 91 96% 105% 611 82 80% 965 99% 35 69 5% 105 Close. 52% 70 102% 106% 83% 60 70 80 | ing so far. August 31 a total of $1,016,520,945 in | tion of high-grade character. { Sou Bell T&T 5s 41 OF INTEREST DU Present Month One of Most; Iimportant of Year in Bond Market. Bpecial Dispatch to The Star. ‘ NEW YORK, Scptember 9—In the investment market September is one of the heaviest months of the year in re- gard to interest payments, bond redemp- tions and calls. This year interest paid in September on American corporation bonds, United States Government bonds and foreign dollar bonds will amount to $122,921,946, according to a compilation made by Eund&rd Statistics. This figure alone is & substantial increase over the $143,229,806 paid in August, but the total of redemptions, maturities and calls in the month of September is $774,583,540, compared with only $189,- 346,613 in August.’ Heavy Government maturities due this month have largely been taken care of by the $1.100,000,000 in long-term bonds and certificates of indebtedness sold last week by the Treasury, but the success of those recent issues, the often repeat- ed opinion of astute market observers that money rates are at their bottom, and the substantial interest saving to be effected by conversion may lead Sec~ retary Mellon to do some of the long- term financing incidental to the call of the Liberty loans either this month or next. Callable Dates Near. ‘The Liberty 3':s and first convertible 4%4s_are both callable next vear, and the Liberty fourth 415s in 1933. There are about $6,280.000,000 of the last- named loan outstanding, and if they could be refunded, even in part, on a 3 to 3!4 per cent basis, the sum saved over the five-year period to their ma- turity date would be enormous. Prospects for municipal financing are also good. The paucity of issues during July and August has been accounted for by the usual Summer dullness and the habit of many municipal governments of recessing in those months. This Sum- mer, duving a usually dull period, the talk of increased Federal and State tax- ation caused an acute demand for tax- exempt securities such as good State and city cbligations. But voters only approved a total of $4,044,700 in bond issues during the entire month of August. However, with prime municipals go- ing well at 3.40 to 3.90 per cent -yields, | the volume of new municipal offerings in the next month or so promises to be larger than ever. As a matter of fact, 1931 has been the most active year since 1924 in point of municipal financ- In the eight months ended municipal financing was put out, com- pared to $953,226,658 in the same period of 1930 and $1,064,208,220 in 1924. Decline in August. The immediate future holds little promise for corporate capital and re- funding requirements, of which there is now a tremendous backlog because of the long-continued depression in the new capital market. Corporate issues in August dropped to less than $30,.- 000.000 and these were without excep- But the large amount of money that will seek reinvestment in September and Octo- ber—well over $1,000,000,000—should provide some encouragement for bond emissions by companies that can offer investors atractive yields combined v’ good security. (Copyri ht, 1931 | PERFECT CIF}CLI-i»é(‘). PAYS EXTRA DIVIDEND Special Dispatch to The Star. NEW YORK, Scptember 9.—An extra dividend of 25 cents a share, in addi- tion to the regular third quarter divi- dend of 50 cents a share, has been declared by the directors of the Perfect Circle Co., manufacturers of piston rings, it was announced today. Declaration of an extra dividend at this time places the company within the small group of American industrial enterprises which, in this year of acute depression, are not only reporting the highest earnings in history, but are also, on account of sound financial con- ditions, able to pass these larger profits along to shareholders by increasing dti\'idcnd payments on the common stock. Bond Deposit Requested. NEW YORK, Scptember 9 (#)-—A | committee to represent holders of first and refunding mortgage 5 per cent gold bonds, series “A,” of the Florida East | Coast Railway Co.. has sent out & letter | to bondholders requesting deposit of the bonds with J. P. Morgan Co., as de- positary. The railroad defaulted in in- terest payments on the bonds Septem- ber 1. and receivers were appointed for the groperty of the company. The com- mittee’s letter said it expected to make application for listing of the certificates of deposit for the bonds on the New York Stock Exchange. % Sales. High. 7 106% SW Bell T 6s A '54. 11 107t Sou Pac col 4s'4 3 86 Sou Pac ref 4s Sou Pac 4155 '68 Sou Pac 413s '81 Sou P&Or 414s'77. Sou Ry £n 45 '56 Sou Ry 6%s '56. StOIIN J58'46. . StOIIN Y 4%s'51. Sug EsOr 7s'42... Sweden §14s'54.. Swiss 5148 46..... Tajwan E P 5335'71 Tenn EI P 63 A 47, Texas Corp 55 '44. . Third Av rf 456 Third Av adj 5s "60. Toho F v 6s 32 Toho ¥ Tokio Tokio Tokio Tist & Disct” Un Pac 1st 45 " Un Pac 45’68 Un Pac rf 4s Unit Drg cv 55 Utd King 5 US Rub 1s Uruguay 5 Uruguay 8s “46. Utah P & L 55 '44.. Util Pw 55 '59 ww Util Pow b%s " Vanadium St 58"41. Vienna 68 ‘52 Va Ry 1st 556 Wabash 4155 °78 Wabash 1st 5s'39 Wabash 2d 5s'39.. Wabash 5s B'76 bash 51s Walworth 65 A "45. Warn Br Pic 6s'39. Warn Quin 6s'39.. Warsaw 7s'58. Wst Sh 1st 4s 2341. West El db 5s'44.. West Md 4852 West Md 5% " West Pac 58 '46. West Union 5s West Union 58 '60. Wes: Un 6128 '36. . Wh Sew Mch s Wilks B & E 1st 5s. W11-0 Ist 6128733, | 46% 461 55 B5a 41 \ 41 47T 4Ty 86% 863 4 106% 106% 691 691 2 72 63 63 1021 102% 101y 1011 108% 109 361 36 42% 427 100% 1004 6415 1023, 1021 109 3614 427 100% | Ind & M E1 7% D! Do. 6% pf.. R& Do Woodward & Lothrop pfd. (1) b ividend. PERoks. closed. BESC extra. Grt Nor 5s'73.. Grt Nor gn 5%s Grt Nor gn 7s'36. Greek 6568 9lte 98% 105 81 2 87 914 91y 981 981 104% 105 9% T9% 56 56 Sine O Tscv A'37.. Sinc Cr O 5%s'38.. Sinc P L 6842 s Skelly Of1 535 '39.. Soissons Vienna, schillin Budapest, tockholm, crow .. NEW YORK, September 9 ().—The New York, New Haven & T gag; roadtoday declared a dividend o the common stock. Previously the stock paid dividends ef $1.50 quarterly. Wil & Co 1st 65 '41. Yokohama 6s°61... Ygstn S&T b3 A'78. ‘Ygstn S&T 58 B'70, 92% 994 96% 5 95% 91y 2988818 Five per cent loan, 104 francs 10 cen- times. Exchange on London, 123 francs 8514 eentimes. The dollar was quoted at 25 francs 50': centimes., 994 954 MY 64 106% DOOOOOOOD: ZRZOOOODROOOOOD: © Dnd DOOLOOOZOOOLOOOD!