Evening Star Newspaper, September 27, 1931, Page 58

. time; action on preference dividend to (INANCIAL. BONDSIRREGULAR N QUET MARKET Foreign Issues Prove Fea- ture of Day, Showing Higher Trend. BY ALEXANDER HENDERSON, Assoctated Press Finaneiul Writer. NEW YORK, September 26. —The ‘bond market showed signs of returning to” more normal conditions today. Trading was much less active than | earlier this week and what is more im- | portant the fluctuations were not 89| wide. The price trend was irregular, bu loreign obligations were generally higher. | French 7s and 7T!s, German 7s and ! German Central Agricuttural Bank 6s of | October, 1960, jumped about 1 point each. | _The turnover in them, excent the | Fiench 7s, was moderately active, but |, 7 the trading in many foreign issues con- sisted of a few small, and even single. | tansactions. Belgign 7s of 1956 and Palish 7s were active and firm. United Kingdom 5158 of 1937 were one of the most active bonds of the whole list and showed an easy tone. H * The trend in domestic issues. was not %0 plain, however. United States Treas- ury and Liberty loans were generally léwer. although sales of them were light. Railroad and public utility issues pro- ¥ided much of such activity as devel- among the corporate loans. With a few exceptions changes in them were fractional and without a definite trend. For instance Cincinnati Gas & Elec- tric series A 4s. Postol Telegraph -5s, Hiinons Central 434 of 1966 and Chicago & Northwestern 43;s of 1949 lost about 1 pont each. Bonds to move up about 1 point in- gluded Baltimore & Ohio 4!3s of 1960, Alleghany 5s of 1950 and Dodge Bros. 68 of 1940. The fluctuations of both of these Ilatter groups were exceptional rather than typical, however. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, September 26.—The following s today's summary of im- portant corporation news prepared by S'-lndlrd Statistics 00.. York, for the Associateq Press International Power Co., !.M solidated earnings year ended June 30 equaled 59 cents & common share, vs. 56_cents. New York, New Haven & Hartford Ratiroad August surplus, after charges, off 613 per cent; eight months, off 34.7 3 lnuls Southwestern Railway Aumt net _income, $10,329, vs. net loss, eight months’ net loss, net loss, $55.688. opper Mining — Bank | Toans believed around $60.000,000, vs. $47.500,000 December 31, 1930; believed balanced by lne(ll on hand and in process. Chicago Great Wutem Railroad' Aus | guest lu lus, after charges, off 49.9 per cent; t months, up 29.2 per cent. wn Axle & Spring declared 25 cents quarterly common dividend; for- marly pnm 40 cents. Erie Railroad August net operating income off 39.8 per cent; eight months, off 21 per cent. !nm-nnkmnl Great ““:hafl Aul'\llt cmm mt months, $2,118, $243.149. - Sl ugen 8o 3, e 20 uu\m 31; net income off 124 per -Pacific' Railroad August net operating income off 17.1 per cent; em ‘months, ofl 10 pu Oo—hufl lumber nzld' mmrnhh lum- resent mill connections. New Or] ‘Texas & Mexico Rail- way August net operal income 474 pef cent; el‘hv. months, off 42.1 per_cen 'hmmonflnen\fl Air ‘Transport, sub- Transcontinental & Western Alr, Inc, cuts salaries from 23: per cent to 20 per cent, effective Ocmber 1. United States Cold Storage—Nine months’ net estimated at $236,000, or within $20,000 of dividend l’equlremrnu’ for entire year. Eastman Kodak Co.—Subsidiary, ’!enneflee Eastman Corporation, to be- @in acetate yarn production in October. | | Dunlop Rubber Co. Ltd.—Passed in- terim common dividend due at thul be considered when accounts for year are complete. . Great Northern Raflway August net operating income off 464 per cent; 6 months off 389 per cent. Lima Locomative Works gets con- tract for 30 electric locomotives from Pennsylvania | Shenandoah Cvrporluon defers u-! tion on November 1 dividend on prefer- @nve stock; paid 1-32d of & ghare com- mpn stock or 75 cents cash August | 1. net nlfl-l September 24 equlkdl $36.44 a share $50 par preference stock; bank lndebudnul totals $3,750,000; cash about $1,500,000. * ‘Btewart-Warner tion nuha eral cut in salaries and wages rang- from 10 per cent to 14 per cent. <. 8wift & Co. entry into ice cream bu.sl-‘ ness reported awaits oompknon nr‘ manufacturing experiments. Transamerica cvrponnon stoc khuld-l ers’ group o to ing of com- oup opposed "pgny's bank holdings seid to represent About 2,000,000 shares. Nicholson File cuts salaries and wages | 10._per cent. Perfect Circle phnu operating lrourd i !6 per cent of capacity. g 29TH DIVISION HOLDING .. ASBURY PARK REUNION | ., C. 3 Veterans March in Parade! and Col. L. W. to Speak at Rites. By the Associated Press. _ASBURY PARK, N. J, Septembor 86.—Far different then when they Taarched to war in 1918, but with all their old-time splendor, more than 8,000 | Herron Is Due BOND SUMMARY FOR "THE WEEK l High. Low. 10223 100 20 10316 102 8 105 5 10224 316 100 12 3 18 100 20 107 22 103 18 10922 105 4 114 8 109 4 1031y High. Low. Stock and dividend. 101 90% Abram & Strans b%s'43. . 8713 40 Allezhany Co cv 58 "44. 47': 25 Am Beet Sugar 6s '35 102 9613 Am Chain 68 1933 83 AmIGChm5%s 194! 35 Argentine 67 Armour & Co 4% 53 Armour of Del 5% 921 Atch T & S Fe ad; 94 AtchT&SF 103 Atch To & S Fe 414548 93% Atlantic C L 1st 48 '52. 98% Atlantic Ref ';:b [1] 97 90 91 102% Kllmlohlo 58°48 W 79 B&Oref5s’96.. 80 B&Oref 5s D209 95% Balto & Ohlo 6s 'S6. 9 B&OPLE&W Vads. 93% B&OS W Div bs ‘50, 12 Bank of Chile 6%s8'57.... 23'; Bank of Chile 6% s 1961.. 92 Belgium 68 '55. 106 .Bell Tel (Pa) ref 99% Beth Steel pm s Bolivia 7s ct 69 Bordeaux 63 '34 Boston & Maine Brazil 6148 192 Brazil 85 '41. 315 Broadwy & 7t 851i Canadian Natl 4145 ‘6 891« Can Nat July s 69 89's Canadian Natl 5369 63 Canadiar Pacific deb 91% Centra: Pacific 48 49 95 Central Pacific 53 196 3113 Certain-teed 5%s 194 74 Chesapeake Corp 58 98% Ches & Oh gen 43892, 90'5 Ches & Ohfo 4%s 93 A... ‘90 Ches & Ohio 43 s B '95. 98 ChiB&Q4%s=B'77. 100% Chi B & Qref 6s'71 16 Cb & East Ill gen 5 50 ChiGreat West 4 3 ChiMStP&PSs’T5 11 ChiMStP&Pad) 45 Chicago&Nwnev 4%s 100 Chi& N W 6%s '3 4 784 ChIR 1 & Pac ref 52% Chicago Rock Isl 4%s ' 68! Chicago R14%sA. 99 Chi Union Station 4 76 Chi & West Ind con 91 Chi& West Ind 5%: 10 Chile Republie s 196/ 58 Chile Copper 6s *47. 14% Chinesé Govt Ry 68’5’ 80 CCC&StLrfaRs 105' Cleveland Term 6s B ' 104 Cleveland Termin 20 Colombia 6s 1 37 Colon Oil 653! 93% Colo & Sou ref 4%s 85 Columb G & E deb 91% Comm Invest 5%, 28% Con Coal (Md) 18t ref 5 67, Copenha 8 °62, 37 CubaRRSs 29% Cuba North b 100 Czechoslovakia 8s ‘51 9915 Del & Hudson 6%s°37. 80 Denmark 5% 1965...... 82 Denmark 6s'42. 77 Den & Rio Grande cn 4s.. 28 Den& RG West 5s "l 40'% Den & R G West 5s *7 97% Detroit United 4348 '32 92 Dutch East Indles 63°47.. 92% Dutch East Indies 65 '62. . 10 East Cuba Sug 1%s'37... 80% Erie 1st con 45 ‘96, 62 Erie gen lien 4396, 54% Erfe ref 5s'67 Erle 58’76 French 78 French 7% Gelsenkirchen Min General Cal lfll’i Gen Motors 13 u 8713 Goodrich (B F) 81 Goodvear Rub s 1957 9513 Grand Trunk s f deb i 98 Grand Trunk 7s" 51 Greek 68196 62 Hudson & Man 102% 78 Hud & Man ref 103 100% Hemble® & S%s 55 Illinois Cent ref 4s " 50 Iliinols Central 4 85 Inland Stee] 4%s 19 51 Inter Rapid Tran 5s 50 Inter Rap Tr 68 sta 2314 Inter Rapid Tran 6s 33 70 Inter Rapid Tran ev 7 74 Inter Cement b8 ‘48 28% Inter Gt Nor Low. .102 6 10116 10116 —21 10227 10215 10217 High. 944 57 31 7% 90 THE . Close. Chge 11 104 5 104 5 —21 100 12 100 12-111 10020 100201 3 10318 103 18-1 4 105 4 105 4-125 109 4 109 124 Net Louls & £2 549 2222222272 g 5 SuaZzzz Norfolk Kreug&Toll Lackawanna Manat! Sug s £ 73%s ‘4 Market St Ry 78 A 40 Mexico 43 1904 98Bk —1% 56% —3% 54 —16% 100 —4% 92 -6 —% i 100 6 89 69% 691 105% 105% 87 90 854, 91 omi " 954 12% 12% 84 89 5% Nl h ulll Steel 533 Milan 6%s '52 Missouri Pacifie Montana Powe: Nassau Blec 4 Nat Dairy Prod Y N Y Cent deb 68 °35. .. Ch& SLrefb 'hi & StLouls & Wen North Amer Ed 6887, North Pacific 38 2047, North Pacific 4s 97, i 10315 954 91's Norway Ore Wash 1st ref 4s Orfent Dev 6%s '57. Pacific Gas & E1 5542 Pacific Tel & Tel b 1 Pan-American Para-Fam-. Paris Orleans 5%s 196 Penna cn 4%s 1960, Penn gen 4 %s '65. Penna RR 4%s'70 Penn 4%s'63. 80 1014 103% 10113 Tlig 934 95 ¢ 101 924 Penn §s Penn 4 Peru Read!n, 95 9114 214 o4n - 7| 25% Z1n| 72 —18% 8 -2 30 -3 —8% | 1% +14 36% - 1% 414-10% “Thira A Utah Utilitfes VaRy & 4 Wabash Warsaw 101% 103% 6% 101% - % North Pacific 68 D 20 North Pacific r 1 65 21 Northern St 2% 87 814 1024 08k 5% 101% 1964 Penn gen b: ll. %s ‘36 Philadelphia Co bs *¢' Phil&Read C&1 6s wi'49. Philips Petrolm 63, 8'39. . Pireill Co of Italy s Pittsbgh&WVa 4%8 C '60 Postal Tel & Cab bs ‘33, Queensland 6s'47.... Queensiand 7s"41... %897 93% +1'% d 6 57 -6 41 41 45 -3 15 -10 St Pg{ CS Line 4% gln 'aulo State of lov , Sinclair Ol T8°31. 8% Sinclair Crude Ol Sinclair Pipe Line Southwes Bell T South Pacific col South Pacific ref South Pacific 4 %8 Southern Pac 4%8 Bwiss 5% s "4 ‘Tenn Copper 6; Texas Pacific 58 B'77. Texas Pacific 58 C Third Ave Toko Elec P Un Pacific ref 45 2008, United Drug 6s ‘63 Utd Kingdom 6%s ‘3 U S Rubber 1st &ref bs.. Uruguay 6s 1960. . Power & Ligl P&Lb% Vienna 6s 1952.... Power 53 '34. Virginia Ry 1st 65’62, Wabash 4148 1978, 1st 6339, Wabash bs B 1976. Wabash 58 D '80 Wabash 633 Walworth 5 T8 1958. West Bhore Lst 48 2361 West Maryland 4s '53. West Maryland 5348 °77.. Western Pacific 68 Western Union Tel Wilson & Co 18 Yokohama 6s ‘61 Youngstown Steel 58 “78.. 87 80% 86 -7 | manufacturers of the wood product left Trade Trends || | quantities. | By the Associated Press. Business Machines—James H. d, jr., president of Remington Rand, Inc., | reported today that orders booked thus | n in August and asserted that the flrll deflnlte sigh of improverent had | Doppm,—lmporu of unmanufactured copper in August showed an increase {over the previous month, but were | sharply under June. Tne total for last! | month was 16,128 metric tons, against | ‘lslfil tons in July and 21,055 tons in' ne. Exports from the United States| llou‘td 13,869 tons in August, against | 116,540 in July and 16,637 in June. The figures are from the American Bureau | prices unchanged on the basis of 38| cenu l um for the steam distilled. also continued at the level o! sz'm for FF, ex-dock, Tor large ‘Wool.—Nearly 1,500,000 pounds of ‘Western wool were sold during the week ended September 10 by the Na- tional Wool Marketing Corporation for ] far this month are 6'; per cent higher ' its Western grower associations, it an- nounced. Movement of wool from huge , | Boston warehouses of .the National con- tinued steadily dufing the week to mills | in the face of rather quiet trading and a somewhat unsettled market, appar- entlv induced by wide fluctuations in sterling exchange. Commodity Price Trends of Week the past week, may permit lower prices, stimulating buying and thus permit ‘more rqu’u employment. This would offset to & great degree the reduction in wages. Agricultural. Agricultural prices receded only frac- tionally, but made & new low point. All the grains showed declines, with the exception of barley, which remained steady. There was no marked strength in any of the agricultural products. Hides and Leather. Hides and leather prices showed a drastic decline from the previous week -and the index has now returned to May levels and is only a few polnu from the low of March, / Fuels. C Fuels is one group to show.a favor- able upturn, due to an increase in the price of kerosene. The index advanced fractionally t0 a new high on the up- ward movement since the beginning | turers who sre now preparing _their | SUNDAY STAR, WASHINGTON, D. C., SEPTEMBER 27, 193i—PART SIX. Aun High. Low. Close. 254 12% 10 Skelly O11 Sloss Sheffield Steel. !0 Sloss-Sheff Steel pf.. % Snider Packing.....c 5% Snider Packing pf... 13% Socony-Vacuum 1.60 70 Solv Am pf ww(5%). 7% South Port Rico Sug. 96! Sou P Rico Sug p#(3) 33% Southn Ca) Ed (2)... 744 Southern Dairles(A) .. 2% Southern Dairies(B) 55% Southn Pacific (6)... 17% Southern Rwy (m§). 30 Southern Ry pf (5).. South Ry M&O ct(4). Spalding (AG) (1). . Spald(AG)1st pe(T). Spang-Chalf pf (6).. N Splrkl Withing (1). 2 Spear & Co. 10 Spencer Keliog(80c). 6 Splcer Mfg... 20 ‘ipicer llfl pr(3).. 4 Splegel-May-Stern. . 14% Stand Bllndl (1.20), 126 118 Stand Brands pf (7). 4 2 Stand Comcl Tobacce 38% S nduu&El G3%). 424 d Gas&El pf (4). 75 Stand Gas&El pf (6). 95 Stand Gas&El pf (7). Stand Invest Corp. .. 1008 8 % Sta 30% Stand OIl NJ (12)s2. 9% Starrett(LS) (1215). 1% Sterling Secur (A).. 3 Sterling Secur pf.... 22 Sterling Sec cv pf(3) 4% Stewart Warner...... 16' Stone&Webster(m2), 10% Studebaker Co(1.20). 109 Studebaker pf (7) 30 SunOfl (M1). 94 Sun Ol pf (6) 20 Superheater (. 260 18 6 Superior Ste 111, Sweets of Amer 21'3 16 Telautograph ( 913 3 Tennessee Corpi 36% 18 TexasCorp (2). B5% 24 Tex Gulf Sulphur(3) 6l 25 Tex Pacific Coal&Oil 17% 6 Tex Pacific Land Tr. 22 5 Thatcher MfgCo.... 41 28 Thatcher Mg pf 3.60 51 Third 16 Third Nat Inv(mbse) 15% Thompson (J R) (1) x 18 77 Thompson Prod 1.20. 8% , 2 Thompson Starrett. . 84% 21 Thomp-Star pf (3%) 4 Tide Water Asso Oil. 68 281 Tide Water As pf(6). 83 48% Tide Wat Oll pf (5).. 12 4 Timken-Detroit Axle 59 25% Timken Roller B(2). 1% Tobacco Products. .. 8 Tobacco Prod A t95¢ 4 Tramsamerica (40¢). 51 Transue & Willlams. 4% Tri-Contl Corp...... 4 Tri-Contl Corp pf(§) Trico Products(2%). Truax Traer Conl Co » Truscon Steel (60c).x 14 11’/. 4 TwinCity Rap Tran. 14 62 284 Twin City RTr pf(7) 208 3% Ulen & Co . 20 31 Under Eil Fisher (4). 43 Union Bag & Paper.. 11 “nion Carb & (2.60). 1037 Union Oil of Cal (2). 124 Unlon Pacific (10)... 237 Un Tank Car (1.60)., 32 Union Pacific pf (4). 10 & Unit Alreraft....... 1084 Unit Afreraft pt (3). 24 Unit Am Bosch. Unit Biscuit (2) 17% 118 * 814 Unit Biscuit pf (7)., 140- lm Unit Business Pub.. 40s 13 Unit Carbon. ,......." 122 1 213 Unit Cigar Store 61 13% Unit Corp (76¢) 3603 1 42 'UnitCorppf (3).... 148 40% Unit Dyewood pf (7) 30s 8 Unit Electric Coal... 14 447 421 Net. . Chge. 1% + % 10% Unit Plece D W (2).. 97 Unit Piece DWpf 63 6% U S Distributing. ... 3 US & Forn Secur. 66 U S & For Sec pf(§).. 10% U S Freight. . 24 USGypsum (1.60).. 126'% U 8 Gypaum pf(7) 51 U S Hoffman... 24% U 8 Indus Alcobol 34 US Leather........ 415 U S Leather (A) 69'4 U 8 Leath pr pf (1).. 11 US Pipe & Fdry (2). 15 U S Pipe&Fy 1st 1.20 11 USRealty& lmvu) 714 U 8 Rubbe: 14 US Rubber 18t pf. .. 12% U 8 Sintg & Ref (1). 35 USSmtg&Ref pf3% 74% U § Steel Corpn . 12515 U S Steel pf (7) % 60 U S Tobacco (4.40).. 215 United Stores (A)... 2315 United Stores pf (4). 20 Univ Leaf Tob (3).. 97% Univ Leat Tob pf(8). 24 Univ Pic 1st pf (8).. 1008 1 UnivPipe& Rad.... 9% Univ Pipe & Rad pf 10 Util P&L(A) et2.15. 14 Vadsco Sales pf.. 15 Vadasco Sales Corp.. 17 Vanadium Corp. z;u Van Raalte 1st pf 4% 1 10 o 709 9 4|4~\ “ar Chem 6% pt. 19 80 Va-Caro Chem pf (7) 98% Va Elec&Pwr pf (). 19 15 Va Iron Coal & Coke. 22 32% Vulcan Detin (4). 90 _ Vulcan Detin pf (7). Warn Bros Pictures. 85 5 1680 Warner Bros pf 3 ‘ B (EIRRE £ i’;li";fi‘i;il’ffi;f! fl‘S’;f 508 Warren Fd&Pipe(2). 8 Webster Eisenlohr. . 2 ster-! uunlhr p! 1508 Wesson O&Sno p((d) We t Pa Elec A (7) FEELELL ¥ 1 Western Dairy (B. Western Maryland. . Western Md 2d pf... 2 Western Unfon (8)..x 210 Western Pacific. 16 Sl ) A inghouse (I’A) 2339 Wsathse EM 1st m3 % 2009s Weston Elec Instru Westvaco Chlor (2 ! 2 4 White Sewing Mach. 3 White Sewing Ma pf. Wilcox Ol & Gas. .. Wilcox Rich A (23%). Willys-0: Wilson & Co (A) Wilson & Co pt. Woolworth (2. Worthington Pump, ‘Worth Pump B (6).. Wright Aeronautical 250s Wrigley (Wm) (4 17'3 Yale & Towne (2)... 5 Yellow Truck. .. 29% Yellow Truck & C pt. 1!9s 14~ Young Spr&Wire(2). 32 281 Ygstwn Sheet&Tube. 13 5% 11 Zenith Radio. ...... 14 8% Zonite Prod Corp (1) Dividend rates as given in the 91 —1% | Sish, Pavments based on fne iatest 2'5 +* % - % i —1% 2% -1 5 % 284104 | B 328 oy 7 1% 28 o» 3 7 -div] d luu than lfl sh 'hfll! ext) l‘ 1 lock ffl, ST ol e 100 i U0 % or stock. nflu. s 3% i stock i JPhn S0¢ i tpecial mnf-r’o't. Hoek™ 5B 3% in s Skl o 5 &% n NEW YORK, September 28.—Cool A weatiher proved of substantial aid to re- tall siorés holding sales of furniture, | po; and other house furnish- C floor coverin; ing items this week, say reports reach- ing producers hcre ‘The declining | trend in sales has been checked, thev| said, and trade is again on a normal Fall basis. ‘ Reorders on boys' and misses’ shoes, | following consumer purchases for school | openings, combined with heavier ¢om- mitments for men's and women's styles, | Hun were responsible for an increase in ac-| uvny this week, manufacturers reported | Ne today. New low prices for solid bronze desk | b5, ornaments, ash trays and other gifts|Rep: wares will be announced by manufac-| lines for the Christmas trade. There| has been little demand for bronze products so far this Fall, but producers expect the call to next month when the first of holiday purchasing gets underway. o Fair sized orders for sheetings pro- | vided most of the activity in the (uy‘ goods market yesterday, with very little demand appearing for print cloths. ‘The demand for velvets contimies } exceptionally active and indications in the trade are that the vogue for this fabric 'llll continue well into next month. The dress trade is suming an @nusually large yardage, a factor in the business done being the extensive use of velvets in dresses to retall at popular prices. CAR INJURY COSTS GREAT Annual Bill $25,000,000, Doctor | Tells Hospital Association. TORONTO, Ontario, September 26 (#)—The annual hospital bill for auto- mobile accident victims in the United States is approximately $25,000,000, Dr. O. A. Fonkalsrud of Sioux Falls, 8. Dak., told the American Protestant HDlpl!ll Association here yesterday. Dr. Fonkalsrud, who is superintendent of the Sloux Valley Hospital, said in some States the hospitals were asking for a share of the gasoline tax receipts to provide for indigent victims. John A. Manamara, executive editor of the Modery Hospital, Chicago, urged SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) 7. Bid. Allis-Chalmers Co. American nica.“ul AmerWat. ROBBER IS SENTENCED- ATLANTIC CITY, N. J, September 26 (P).—lawrence J. Frisble, 21, of Chicago, was sentenced to three years in State prison by Judge William H. Smathers at Mays Landing raay. | He was convicted of an au- tomobile and $150 in cash from Mr. and Mrs. Charles E. Bennett of Hunt! Park, Calif., both of whom are blind, in this city two weeks ago. aras 31, R. 58 luxi Toland 4 1955 Elevesparoc Yoan eling 5 Colorado & So. Rwy. ommerem Gregit Co, | Dela & Hudsos Dumr & Rl ‘Grande Mot Grand Truy Houst, Eduilsvi ew ew York, Northwestern 'rol. K e, /i i 5 NMIE.{: c.-°.§' % sir We are seeking the services Southein Ps (o e nion Ele Union Oil cou of c':'m & Virtinia’ Ruy. & Power 5» wabash Rwy. So. 8s will be trained to make money, 8 | 102'4 | 8% | TREASURY CEBTIFICA‘I'ES. ortunes ha avain’ in the “sioers o) inee ore “NEW YORK BANKS” We especiall, - pto o '{1 recommend at cur- Chase NAI-.-;I Bank Guaranty Trust 1 FIRST ing Chnunl Bn-k & Trust Manufacture: A speclal analysis on any of these banks furnished on rem’mt. High:grade bank and insur- ance stocks may be purchased g‘;;:ggly p. ;rl;her on an outright, eni e t or conservqtive Robert C. Jones & Co. “Specialists in Goveri Fagergrnment Bonds and o or lnu-nng' asdlare This PRESIDENT’S SUICIDE CAUSES BANK CLOSING .| Richmond, Va., Institution Is io Be Audited by State De- partment, By the Associated Press. RICHMOND, Va, September 26— The Broadway Bank & Trust Co., whose president, L. W. Hoffman, was | found dead in his bed room yesterday, | was closed today for an audit by the | State Banking Department. A notice signed by M. E. Bristow, commissioner of banking and insurance, was posted on_the closed doors. Coroner J. M. Whitfleld returned a verdict that the cause of Mr. Hoff- Imn- death was suicide by gas. | The Richmond Clearing House Asso- ciation, of which the closed bank was not a member, issued the following | statement to depositors “Following the sudden and regret- table death of the Druidem of thn Broadway Bank & Trust Co. had sufficient time to make a detalled :;:mm-luon ofl flhl’ lfltlhln of the bank evolve a plan for the protection o( the depositors. = e S e bl Bty omp! v n the clearing house wiil prom; ene deavor to take such steps in the inter- est of the de po-ltor-um-ythm-em best, although the bnnk Was not a mem- ber of the clearing house. Discount lnte B.nned ATHENS, !eptzmber 26 (P —Tht Bank of Greece raised its discount rat '.Odlyfmn’percentwflwrm& Money to Loan Secuzed by Arat deed of ! Joseph 1. 4 R. 416 5h 8t NW. Reom SINCE 1899 MONEY TO LOAN at 5%4% and 6% Interest Betors Plack Revewing Y¢ ore % tenening Your Cm-h \VEWH Ruhn (Nationat #v’-c ‘" T mian) Money on Hand te Loan on First Deed of Trust 6% Interest Reasonable Commission and rstee ] JAMES F. SHEA 643 Indiana Ave. NW. Established 1338 .| HARRIMAN & Co. Members New York Stock Exchange New York Curb Exchange Washington Office 729 Fifteenth St. N.W. G. BOWIE CHIPMAN,, Resident Partner We Buy and Sell Securities On Commission Basis Only Odd Lots Purchases and sales will be charged only the regular commission of: the Exchange upon which the orders are executed, with 2 minimum com- mission charge of $100 on New York Stock Exchange securities and $2.00 on New York Curb-Exchange securi- ties. MAIN OFFICE 111 Broadway, New York of an earnest-minded man. The man who can qualify will earn $5,000 per annum. The man selected Qualifications: In-age over 30; an educational background of college or its- practical equivalent; a record of success in past business or relative experiences meas- ured by advancement and earnings; good health; a sense of money value; thriity, as indicated by his current financial condition. Write H. R. BRYARLY, Manager Home Life Insurance Company of New York 1001 15th Street N.W. or phone National 5391 MORTGAGES KEEP YOUR FINANCIAL BALANCE ON THE RIGHT SIDE A very sure way to insure finan- cial ease for the future is through investment in our of Metal Statistic ‘ Floor Coverings.—Sellers of hard and soft surface coverings report that this | BY H. N. McGILL, Editor McGill Commodity Service, Inc. AUBURNDALE, Mass.,, September 26 amembers of the 29th Division convened | today for their two-day reunion which | of July. Most important price changes in the McGill weekly commodity price indices closer co-operation between nlpltlls Shmlflnflu Biet, 2022-23-24 and newspapers. 6% FIRST MORTGAGES -nn culmln-ze Monday in the embark- ' e Rochaml u of a large con- | 'finfill Who will review the bati ltfleldl‘ of ance and select a site for a me- anorial to be erected by the divisicn, - A parade in which delegations from ' Maryland, Virginia, District of Colum- Pia, Connecticut and New Jersey march- d in that order, was a- feature. “Col. Leroy W. Herron, Washington, 'fll -pe-k at memorial services tomor- \ RAILROAD EARNINGS. NIW YORK, ber 26 (#).—The first 27 raflroads it mt or lneome of $22,673,- 38,996, Wo‘"l mmIA“gI‘irJ ) er cen eir July 4 income unmxlled to $20,682,000, Ihk:h was 31.6 per cent less than the same month & year Only 2 rail- roads out of 27 reported a gain in Au- ‘guat over August, 1930. - Incomotive Order Placed. . Lt “'wn order for uw locomotives from the Pennsylvania report had Au-| held up favorably, compared with last week. The past few days brought a little |cceleuuon in buying because of | since the heavy lquidation of stocks last week. | clining only fractionally, esf : largely for immediate de- |Dew low point. zmuu out of Ty wlfio‘:fix y‘nur felt-base nef,.-'u showed increases and these were Uvery, covering sales were slightly -inproved | fractional, cn the cheaper grades. There has been an increase in hard-surface retail pro- | motions which is expected to be ref led in primary circles next week. [ Steel —Youngstown steel phnt oper~ adlons will show a sharp | Jones & Co. figuring the produc rate at 30 per cent of capacity, ofl 9 p-r cent from the current week. Car- negle Steel Co. will operate next weei | at 35 per cent. off 5, and operations at ‘Youngstown Sheet & Tube will drop 10 | ger cent to 20 wo 25 per ce: Republ* teel Corporation. instead of decreasing, will expand slightly. Turpentine.—Consumers of resin and lurpenum continued this week to buy only ta meet current \rsmema and display the utmost cau in specify- inl future dehverhs D-plle the lower this week gum turpentine, week's business in the primary marke: | et | | dace, hext | 2&:,4-“ Jeather, week, it was estimated tod.ly, with Dow | and non-! | drastic decline took place. (A —Commodity prices during the past week cn’l’\‘fiuedt tAhelr lreng&d d;cléne t of August ough de- tablished & only 2 New low points were made in_the indices of lndunrl-l and agri- cultural products as well as live stock. Industrials Decline. Industrial prices declined due to textiles, fine and vegetable olls, paint materials ferrous ‘metals. Bullding ma- ‘ terials and fuels were the groups show- | ing | metals and paper remained the same. increases. Chemicals, ferrous ‘The most important news of the week was the temporary abandonment by | England of the gold standard. Com- modity markets sicod up well under the shock wuntily Thursday, when a A drop in sterling iInfluenced an upward move- ment in. commodity prices in land, but not in this country. A uction in salaries. and wages in several im- 1926—100. CHICAGO DAIRY )umr. CHICAGO, September 26 (#).—But- ter, 9,959 tubs, firm; creamery-specials (93 score), 32a325; extras (92 score), 31%; extra firsts (90-91 score), 20a30% ; firsts (88a89 score), 261282714 ; seconds (86-87 score), 24a25'%; standards (90 score centralized carlots), 30%. Egegs, 5,451 cases, firm; extra firsts, 22; fresh meea firsts, 21; current melpu, 16a SILVER QUOTATIOII NEW YORK, September 26 () rtant industries, such as steel, copper, wl and autemobile, effected @uring silver weak, and 2 with the . sympathy _— =] *‘IIIIIIl|llIIIIllllIIIIIIMIIImlIlllmlllIIIIllIHI||I|lmllllllllllmlllnlllfilllmmmmmmll¥ Money Available for Mortgaga Loans m a FIRST TRUST LOAN—in the character of the service we render; in the conditions in- volved, etc—and we will give your application every consideration, We have money available for new or refinancing loans on apartment houses, office bmldmgl residential and business properties, located in Wash- 51/2 % ington or nearby Maryland and Virgiaia ~—for 3, 5 or 10-year periods, and at.... RANDALL H.HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT NewZork 55 Snsuramce Gompany 1321 Connecticut Ave. Decatur 3600 HERE are many ldvamagel in our execution of They pay this most liberal return without variation, and with the principal secured by conservatively appraised improved Washington real estate. : Over a Third of a Century Without a May be purchased in amounts from $250 up. / B. F.. SAUL £8 National 2100 925 15th St. N\W. THERE 1S NO SUBSTITUTE FOR SAFETY