Evening Star Newspaper, September 16, 1932, Page 15

FIN RAIL BONDS LEAD INSTRONG MARKET Speculative Carrier Issues Show 2 to 5 Point Advances. Utilities Well Bought. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, September 16—Rail- road bonds were the strongest feature of a market that exhibited firmness in every department today. Trading was moderately active. At the opening there was no impor- tant accumulation of orders on either side of the market and it was some time before active trading was under way. Continental markets had marked time awaiting Wall Street's opening. Yet when the upturn started in the junior railroad list a good portion of the buying came from European centers. The reiteration of the determination of the Railroad Credit Corporation not to permit any more receiverships was one reason for the buying. Another was the expectation that the weekly car- loading figures on Saturday will show a substantial increase, allowing for the Labor dayv holiday. Gains in the more speculative carrier bonds ranged from 2 to 5 points, with the largest in Southern Railway 648, Southern Pacific 4!2s, Rock Island A 4 and Missouri-Pacific 5s. Sharp advances occurred in Alleghany Cor- poration 5s, Baltimore & Ohio 4'.s, Chesapcake Corporation 55, Chicago & Northwestern 434s, Rock Island refund- ing 4s, Tllinois Central 4%s, New York Central 4!,s and refunding 5s. Nickel Flate 6s, Northern Pacific 6s, Western Maryland 4s and St. Paul 5s and ad- justments. In connection with the last named there was & bid for $500,000 at 10. or S5z above Thursday's closing price. ‘This bid failed to secure any bonds, as they then were selling at 10%. Later $30,000 was bid for and bought at 11 and $100,000 more at 11%s. This was typical of the kind of market that prevailed for these descriptions. Junior ratlroad bonds have been the chief sufferers in the recent reaction and it was natural that they should have the swiftest recovery. But indus- trials and junior utilities did not lag. Paramount-Publix 5! for example, Tose 5 points. New York City Traction issues re- mained firm. All high-grade rail and utility obligations were in demand around their best prices of the year. United States Government bonds moved up to new tops for the vear, the most active being Liberty first and fourth 41,5, Liberty 31;s, Treasury 4Y4s and Treasury 4s. The Liberty first 4145 now cannot be called for payment until next June 15 and today's price advances were by way of adjusting the yvield to the existing money rates for that period. Municipal issues were firm and active German government 5';s gained fractionally and the Dawes reparations %s again crossed 70. Other Germans were also strong. Most European issues were firm Canadian government bonds were fractionally better. Canadian Pacific bonds were in brisk demand, especially the convertible 6s which, having a call nn the common stock at 25. reflected he improvement in the stock . Washington Stock Exchange SALES. ‘Washington Gas 6s “B"—8$500 at 1013, Potomac Electric 67 pfd.—10 at 108 ‘Washington Rwy. Elec. pfd.—10 at 91, 10 at 91, 10 at 91'3. AFTER (‘\Ll_ ‘Washington Gas 6s 51,000 at 994, 3300 n 991y 991, \""thlrr'(‘n Gas 6s “B"—$3000 at & Elec. 45—$2,000 at 0 at 9915, , $200 at w ngton RWY 35 ‘3 000 at 85. Bid and Asked Prices. BONDS. PUBLIC UTILITY. H Bid Asked | e, 108 Wash Gav oy series B Wash. Rwy. & Elec. 4s \HSC!LLANEOU!. Barber & Ross. Inc., 6'28 Chevy Chase Club 3'38 Golymbls Country Club Slas 5 : Ralh. METT Cold etorase o STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9).... Capital_Traction 0o.. o iit) Rt s & Bide. dam g Wash Rws. & Elec. pfa. (5r. . 912 92iy The following figures nre not bids, but | merely represent minimum prices fixed by the Washington Stock Exchange. NATIONAL BANK. tat (1) i 127 (stamped) 16) e TRUST COMPANY. Amer. Sec. & Tr. G0, (13). atl Tr. (12% P 5 %) Second Fashibston s on Trust (Bs) vash. Loan & Tr. SAVINGS BANK. Bank of Bethesda (6%) Com. & Savings (10) East Washington a2 ec. Sav_& Com. Bk enth Street (6 (105) | Colomb 65 °61 Jan.. ANCIAL. BONDS oN THE EVENING STAR, WASHINGTON, D. C., x. v, stock excuance | |CURB CLOSES EASY | uemnymnwmmumwm UNITED STATES. (Sales are in 31.000.) High Low. Clot 1013 101 10210 102 16 1036 10310 9624 9629 983 986 100 21 100 22 100 18 100 22 100 19 100 19 10216 102 16 104 19 104 21 1085 1086 Low. Close. 24% 24% 100 19 10216 104 21 1088 Bales. High. 8 25 311y 2814 Abitibl P&P 85’53, Alleghany Cp 5'44. 40 Alleghany 58’49... 44 Alleghany 5550, .. 5! AmF P 5s 2030 Am1GCh5%8'49.. Am Metal 5158°34 Am Sm&Ref 554 Am Sug Ref 6s'37. Am T&T 4138’3 Am T&T c tr 5846, Am T&T deb 58 '60. Am T&T deb 58 °65. Am T&T 5%8'43. Am Wat Wks 5s'34. Am Wr Pap 68 '47 Antfoquia 75 '45 Argentine 5845 Argentine %8s Argent 65 '61 May.. Argentine 68 '59 Ju Argentine 6s *59 Oc Argentine 6s A '57. Argentine 6s B Arm & Co 4348°39.. Arm Del 5%8'43 Atchison gn 4s'95.. Atchison 4%4s’48.. AtICL1st4s’'52 29 9. 1037 1058 103 4 101% “n 101% Austrian 7s'57. B& O 18t 4s°48 B&O4%s'33 B&O 4%s'60 B&O 1st 5848 B&Orf5s D 2000. B& Oref 5s 9. B&OTf6sC* B & O Sw dv 58'50 Belgium 6s " Belgium 8358 '49. Belgium 7s '65. 1051 Belzium 78 '56. ... 6 105 Bell Tel Pa bs B'48. 105% Bell Tell Pa 55 C'60 10414 Benef Loan 6 - XZ' Berlin Cy El 6 55, Berlin C E16%#'51. Berlin C El 613559, Ber mun ex 814s in Beth Stl pm 5s "3¢. Beth Stlrf 58'42.. Bolivia 7s'58. Bolivia 7s'69. Bordeaux 6s Bos & Me 585 Bos & Me 556 Brazil 6348 '27-'57. Brazil 3341 kl Bklyn Man 68 A 68 10614 106 105%; 9 B)(I\ n UGasbs ‘51 Budapest 6s62. ... Buenos A R 65 61. Bush Ter con 58’55 Bush T Bldg 63'60. Calit Packing 5340 Canada 4s Canada 43 Canad ba '51. 3..—‘ 1or3 55 DT R R Nat4l,s’68... Can Nat Ry 43,5 55 Can Pac 448 °60. .. Can Nat 5569 July Can Nat 65 '69 Oct. Can Nat Es'70 Can Nor 414835 Can Nor db §14s Can Nor deb 78 '40. Can Pac db 4s Can Pac 5s 44 ctfs Can Pac bs '54 Cent Ga cn 58 '45. Cent 111 E&G 58 '51 Cent Pac 1st 4549 Cent Pac 53 '60. Cen Rv NJ gn 55’87 Cert-tddb 53%4s 48, Ches Corp 5s 47 C& O gen 41389: CB&Q 111 dv 4s'49 Chi & Est 111 55’51, Chi Grt West 48" Chi Ind&L gn Chi Ind&L gn C M StP&P 58°'75 CM&StPadjs Chi&NW 4158 NW 4 9 cm&\w rf 58 2037 Chi RI&P rf s '34. ChiRI&P 4%s'52 Chi R141s'60... CTH&SE in 5s Chi Un Sta 43%s” 62 Chi Un 8t 554 Chi Un Sta 58 Chi Un Sta 6%s" 63, C & W Ind cn 4s'52. Childs deb %s 43 Chile 6 fil Jan. Chile 68’61 Sept., Chile 6s'63. Clev Term 4%4s 77, Clev Term 53 B3, Clev Ter 6158A '72, Cologne 68 '50 Colomb 6s '61 Oct.. Colon Of1 65°38....... Col G&E 53’52 May Col Gas&EI 58 '61. Cons C Md rf o Con Pow Japan 7 7s. Consum Pow bs '52 Copenhag 58'52... Cuba 5%48'45...... Cuba R R 1st 8552 Cuba R R 65'36. Czecho 8 Crecho 88" . Del&Hud ref 4s 1: Del & Hud 5% " Union” (18) # TITLE msvmwcz \HSCELLANE’)L! Corp. (6). Dist. Natl Pl Emer. Bromo-Seiz. Federal Storage pfd 5. com. ¢ Mer. Tr. & Mer. Tr & Stge. pfd i haler Linotype (1.60) AT Vash Med Biag Corp. (11 Woodward & Lothrop com. (1.20)... Woodward & Lothrop pfd. (T) Ex gividend 827 extra. ooks closed. 72157 extra. 732 extra. BbEe N Unlisted Department. BONDS. Aflnimum price. Army»Nny Club 8s. B eeetis o4 s s = opolitan Cl Mol Natfonal Pres luflmnu m S Denmark 4%8" Denmark 53855 Denmark 65 "42. D&RG W 68'55.. Det Edison rf 55’49, Dodge Bros 6s'40. Donner 8t 78"42. Dugquesne 4348’67 DEI5%s 53 Mar. Dutch East I 6547 Dutch East I 6362 East C8ug 7%s'37, El Salvador 88 '48.. Erfecv4s A ‘63, Erle4sB" Firie gen 4 Erie ref bs ‘67 Erfe ref 5376 FErfe & Jer 68" Finland 51%s'58... Finland 6s'45 33 32 85 5. Fram Ind 74842, French Gov 78°49.. French Gv 73841, Gelsenkhen §5'34... Gen Cable 5% Gen Motors §8 g1 jub. & Washinston 358 2us 1 5 Eifiififn'r#l”uoflfl"i.fik Munsey Trust Naiona1 ‘Cabital trsuranc Northeast Savings Bank.. Park Savings Bank Raleleh Hotel Co. Washington Savings Bank ¥ St Washington Title Tnsurance Co .. Wathington Base Ball Club "} angdon Savings Bank. FIEETEE 8 Ger Cen Bk Ger Cen Bk Ger Cen Bk Ger Gen Elec Ger Gov 5158765 German 6%3°50. .. German Rep 7849 28 GoodHopeS&1 78’46 3 Goodrich 6846 31 Goodyr Rub 58’ Grand Trunk Grand Trunk 7s'40. 44 88 82 100 3 102% 102 1 102% Grt Nor 4%4s D" Grt Nor 4%s E'11 Grt Nor 5% s B ‘52 Gre Nor gn 7. Greek 6s Haitl 65 '52. Hudson Coal 6s 63, Hud & M adj 5s'67. Hud & M rt & Humble O1l 58 '37. 111 Bell Tell Do RDWW- O ) IliCent 4% s'68 111 CCStL&N 1*. 111 CCStL&N GsA. Il Steel db 4348 4 Inland St 4% s A'7 Int Rap Trrf 68 66 Int Rap Tr ¢ Int Rap Tr 7 Int Cement 68 ‘48 Int & Gt Nor 6s 52, Int& G Nad 6s'52, Int Hydro El 6s'44. Int Match 5s *41 Int Match 6s *¢7 Int Pap ref 6s A'47, Int Pap 6s'65 (v IS S Kan C P&L 4%s 61 Kan City Sou 58'50. Kan City Ter ¢s’ 3¢ Kreug & Toll 58'59. Lack Stl6s A '50. ., 1 SowaSen Laclede 5138 D ' Lake Shore 314897 Leh V cn 4352003, Lig & Myers 53 ‘51, Lig & Myers 7s "44. Loew's 6541, Long Isl db 55 Lorillard 5s \. La & Ark 5s ,oucnnfisAsz McKes & R 514 #'50. Manhat Ry cn 48’ Midvale Stl 6836 Milan 61585 =t N enanS R s one MSP&SSM cn 53 '38 MSP&SSM 58 gt P&SSM 514 MK & T adj 53 '67. MK&TSisA62, Mo Pac gn 4s'75 Mo Pacrf5s A Mo Fac5s F Mo Pac 53 G Mo Pac 5138 A Mobile-Ohio b5 '3 N Y Centan 4. 27 NYCrt4ys2012. 2 NYCrf44s2013n 10 NYCrtss2013.., 8 NYCentab6s'ss. 8 NYC&StL 4%4s°'78. 21 NYC&StL515A'T4. 6 NYC&StL 1st 65 '33262 N Y Edison 53 B'44 N Y Edison 53 C'51 NYEdrf64s 41, Y EL H&P 4849, NY NH&H 4s 57, Y Tel gnml'lo 37 NY W&B %846, 3 i Nia Sh Md 54850, Nord 6348 '50.... Norf Sou ref 55 "61. Norf&Wn aiv 48’44 North Am Co 58’61 22 Nor Am Ed 55 C'¢9. Nor Am E 53363, N Ger Lloyd 6s'47. Nor O T& L 68°47.. or Pac gn 3s 2047, 24 or Pacri6s2047, 29 or St Pw 53 A "41. or St Pw 6s B '41, Orient Dev 6s '53... Pac GAE5s*42.... 17 Pac T&T 1st53'37, 4 Penn 4%s D70 Penn 4%s'68. Penn 68 '64 Penn gen Gs ‘68, Penn 6% 5 36. Penn P&L 4%8°81. 6 Peop Gasref 55'47. 10 rmm.rq 4%8°80. 12 P.ru Phila Co 6: 7 Phila Elec 4s°'71.. Phila & Read 6 Phillip Pet 634539, PCC&StL 58 A'70 PCC&BtL 5s B '75 P& WV 4%#sC'40 Poland 8s'40. .. Poland 7s 47 Port Gn El 4% PorRAm T 2 . Pos Tel & C 55 '53. Prussia 6s'52 Public Serv 4: PubSvG4%4s” PubBvG 4y 1., Pure O11 5%8'37 ‘Queensland 6 . Queensland 7s *41 Read Co4%8 AT, ReadJerCn4s's1. 6 Rem Arms 6s A "37. 14 Rio de Jan 635 RioDeJan ext Rio Gr W clt Rome 6345’5 Royal Duteh 4 Rumania 7869, StL IM R&G 4s'33. 9 1 Saxon P W 6%#'81. 15 Saxon 78°4S Seab A L adj 58°4d. 1! SeabA L 6s A4S 8 Ser! Shell U Of1 & Shell U O 5s Sine O11 6%s B '38. 12 Sinc Oi1 78 A 37 8kelly Of1 s* Sou Bell TAT 68’41 8 SWBelITEsA'Se. 2 Sou eolds’dy.. 1% Sou rL 48’55 Sou Pac 4%5'68. Low. Close. 613 61% 60% 60% 701 70% 80% 23% 1% 41 561 % 85 101% &4 1001 82% 15% 5915 o5 28 1 49 8% T 421 36 38% 9% 534 [ 517 9915 83y, 87 8714 241 7an 20% AFTER EARLY GAIN Trading Drops Off as Prices Recede in Final Hour. BY JOHN A. CRONE. Special Dispateh to The Star. NEW YORK, September 16—The curb exchange list today finished frac- tionally lower, after opening irregularly and rallying until the beginning of the last hour. Trading slackened as prices Teceded. Electric Bond & Share was down slightly at the end. Cities Service, St. Regis Paper, American Gas & Electric and United’ Gas were a shade lower. Brasilian Traction, Cord Corporation and Standard Oil of Kentucky were about unchanged, but Crocker Wheeler, A. O. Smith Corporation and & few other specialties firmed. Unlike on the big board, rails form only & small portion of the curb list, 80 the lack of activity ln wflen vn without significance. shares pointed higher in m llnll h.lt hour. Then air shares turned upward. New York Telephone preferred attained a peak for the year. Bell Telephone of Canada, however, declined. Textiles generally hardened, the best gain being scored by Draper Corpora- tion. Food shares softened and_store stocks turned heavy. Alabama Power 6 per cent preferred, with an advance at one time of 10 points, featured the senfor utility shares. . 4“ 49% 102 104% xoax 1of~s ' % 824 874 83% 908y 100% 8915 101‘4 7“ 61 884 93% 54 251 78 83% 5096 50% 9 4% 96 64% 51% 1044 104% 105 104% 58 58 80 7% 80 54% 57 December * | May New York Cotton Special Dispatch to The NEW YORK, Beptember 16—A fur- ther recovery of 10 points in cotton prices early today attracted heavy hedge selling from spot quarters, and the list slowly sagged back around the low prices of the week and closed at the bottom, 17 to 21 points lower than yes- terday. There was not enough speculative buying to resist pressure from spot quarters, and October closed around the 7-cent figure. Spots were reduced 20 points to 7.05 Cotton range: October o December se. 9 1 January . 1i March . » 4 b Grain Market By the Associated Press. CHICAGO. September 16.—Buying for houses with Eastern connections ve firmness to wheat prices in the te dealings today. but follow-up orders were less numerous than yesterday. A bullish construction was placed on reports that the largest concentrated interest in wheat at Winnipeg had been transferred from the October de- livery to May. It was contended that this transfer removed an influence menacing to the world's market. Wheat closed unsettled at the same as yesterday's finish to % higher, corn s decline to 1y advance, oats i;-1; up. and provisions unchanged to a rise of 10 cents. WHEAT — 1gh. September 50 N 49l . $2%-83 58743 B B3R 0% CORN-_ mber ember . May oA TS §neumbcr g ember - TR RYE - ptember ......... . N% BTt i May n U. S. GOLD STOCKS GAIN $16,393,000 IN ONE DAY By the Associated Press NEW YORK, September 16.—Amer- ica’s monetary u stocks were in- creased by $16,393,000 yesterday, result- ing partly from the retirement of French railroad bonds. The Paris. Lyons & Mediterranean Railroad Co.. which on August 15 re- tired $34,000,000 of its 6 per cent bonds, then outstanding in this market, today called for redemption $18,000,000 of its outstanding 7 per cent bonds. In both cases, the railroad provided fynds for the operation through an ar- rangement with the French government, which released gold held under earmark with the Federal Reserve Bank of New York. To provide for the August re- demption, the French government re- leased about $28.000,000 of gold. In addition to the changes in ear- mark, the Federal Reserve Bank re- ported that £389,000 gold had been received from England. For the week ended tember 14, the bank reported imports of $4.958.000 and there was an additional St b AT et 000 of gold through release Of & corresponding amount from earmark for foreign account. Great Britain and Ireland are build- ing 30 per cent of the world's ships. Bales, High. Low. e:ou Sou P 4%s 69 ww. 48 81 531y “ 1 1 80 3 19 108% 108% 4 96y 98y 18. 93% 924 4 104% 1043 5 43 Tenn E1 P68 A 47, 14 Ter As St L4s’53.. Tex Corpev bs'4d.. Tex & Pac 58 B'77. Tex& P6sC’79 Tex & P bs D Third Av rf Third Avadj 5560, ‘Tob P NJ I%; 2023 UE&P 18t 6% Un Pac 1st 48 °47.. Un Pac rf 45 2008, Unit Drug 68’6 Utd King 6%8'37.. Ua St W ek Upper Austria7s'46 Va Ry & Pw b8 '3¢ VaRy1st5s A°63., ‘Wabash 5s D '80. Wabash Wu"l Walworth ‘Warn Br Pie ll‘l’. Wwarn Quin 6s°39. Wi Yokohama ¢ fl . Yxotn S8&T bs A" Ygstn S&T §s B'10. % R mpanma—REanAveBeRo ween FRIDAY, SEPTI N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stock and Sale— Dividend Rate. Add azn ub h'-. Closs. Acetol Prod A. Alabam Pw pf (8). Alabam Pw Dl (7). ‘Aluminum of Amer 2350 Alum CoAmpf (3) 1 ‘Alumn Goeds (60¢) . Am Comwith Pw A Am CitPAL A (a3) AmCitiesP&LB.. Am Cyanamid B... Am & For Pw war.. Am Founders Am Gas & EI AmLt&Tr(2)).. Am Superpower AmUt&GBvte... Amster Trad(pTdc) Arkansas NtGs A.. ATk Nat Gaspf.. Ass0Gas & Elulrle Ass0GEAEADI%. Ass0 Gas & Ewar., c GATF: pf (5 Tel Utilith Atlas Utll pf A (3). Atlas Util war..... Babcox&Wilcox(2) Benef Ind Loan 1% lrufl ‘TL&P(b3%) Cable Radio T vte.. Canadian Marconi. Carnation Co (6¢). Carrier Corp. ...t " Cent 1L P S pf (8). Cent Pub Bve A Cent States Elec. .. Centrifux Pipe 60c. Charls Corp (1%).. Chain Stores Stk Childs pf. ColG&Ee Df(l)- Comwlith Edis u)“ Comwlth & Sou war Consol Copper. ... Cons Gas Utll A... Cor@ Corp......... Corroon & Reynolds Creole Petroleum. Crocker Wheeler Crown Cent Pete. Deere & Co. . De Forest Radio. .. Dubllfer Cond & R. Duval Tex Sulphur. Eastn Sts Pwr (B). Eastn States pf(A) 1008 East Util Assocv.. Efsler Elec Corp. .. E1 B4 & Share b6 % HD EI B4 & Share pt 6. Elec Pwr Asso(40e) Elec Pwr ImvlrnG&'r T% .o Europ Elec deb rts. Ford Motor Can A. Ford Motor Can B. Ford M Ltd..... Franklin Mfg General Alloy: General Aviatio! Gen G&Ecv pfB h6.128s Gen TheatEqcypf 4 Glen Alden Coal. Goldfield Consol... Goldman Sachs GtA &P Teapf (1) 108 nm Great Nor Pap 2.40. 1 Gulf Oll of Pa 4 u Hudson Bay Min 3, Hyaro Elec Secur.. ™ Imp Ofl of Can S0c. Ind Terr 110N B Insull Inv.. Tnsull Ut Tnv 24 p. Ins Co N Am (2)... Intercont Pet Int Petrol (1) Int Superpwr (50¢) Int Ut B Interstate Eq ev pf. Irving Air Chute. .. Italian Superpw A. Jenas & Naumbu: Kirby Petroleum Kolster-Br Am sh.. Lake Shore M 1234 Lefcourt Real pf 3. 1900 1 0 o T snSe Borraon Mass Utilevpf1y Mavis Bottling A Mid Sta Pet vtc A Midl West Utiliti Mining Corp of Can Moh Hud P 1stpf 7 Mohawk Min (18).. LI BE g Re33 . 151 N Y Telpf (6%). l]i N Y Transit ($90¢). Niag Hud Pwr 1.20. Niag Hud (A) wars Niag Sh MABbS%. North Eurep Oil. Northern P L(50¢). Norhtwest Eng Ohto Copper. ... .. Pac G&E 1stpf 1% Pacific West Ofl. Parke Davis t1.30.. Pender D Groc B. .. Penroad Corp. . Pillot Radio Tube A Pepperell Mfg Co. . Ploneer Gold (12¢). Pitney Bowes bé%. Pitts Plate Gls (1), Plymouth Of1 (1).. Producers Royalty. PubUtilHldz w Pub Util HId ¢ pt Puget 84 PAL pt Rainbow Lum A... Republic Gas Reynolds Investing =N = {PTOL=195 . JUTBYOTIN » amweda 8 Balt Creek Prod [$3] Schift Co (2). Sec Allied Cp(k25e) Sel Ind all cfa(5%) Shenandoah Corp.. Shenandoah pt. Sherwin Wms (2).. lOl 12!% 121'4 8mith (A0). 2008 8¢ 31 South Nat Ga. % Southland Ro; 4 rrett Corp pt. Sun Investing. Stuts Motor Car. Swift & Co... Tampa Elec 3. Technicolor. .. Tech Hughes (606) Texon O&Land t13 1% 2% 17% 9% 3% 3 8% Market Averages By the Astociated Press. e— . High. Low. Close. L) Tri-Cont Corp wr. United Corp war... United Founder: 1% 3% 1 3 1 384 6% 26 1% 3 o N a e S ENsRON U8 Finishing U S & Intl Sec 1 !{nll Verde Et 406. 2% Th 3w 2% 2% [ % 4 it Utllity Equities Van Camp Pack Venezuela Pete. Walker (H) pf (1). 2 8% 8% Wenden Copper, 1B w o Dividend rates in dollars based on last quarterly or semi-annual payment. *Ex aividend. tPartly extra. :Plus 4% in stock. ble In cash or itock = bFPayable in Adiustment - dividend. 5% Plus 67 in stock : FPus 2 m stoek. . m Plus 3% 1n n Plus 87 in b Pald last year—no regulsr rate. (3 % Markets at a Glance NEW YORK, September 16 (#).— Stocks irregular; rails lead temporary Tise. Bonds firm; rails rally. Curb firm; most leaders move narrowly. Poreign exchanges steady: Japanese yen improves. Cotton lower; favorable weather; local and Southern selling. Sugar firm; rumors additional Cuban sugar to be segregated. Coffee higher; firm spot market. CHICAGO, September 16 (&) —Wheat | steady; bullish Southwest weather re-| ports; decreased contract _deliveries. Corn steady: forecast frost Northwest: | moderate movement. Cattle steady to weak. Hogs steady to higher. MONEY MARKET. NEW YORK, September 16 () —The 4 | money market continued dull with rates 16 1155 5 15% unchanged today. at 1'; per cent in the outside market. Rates held over on time money amfl prime commercial paper. CHICAGO STOCK MARKET CHICAGO, September 16 (&) —Fol- lowing is the complete official list of | transactions in stocks on the Chicago Stock Exchange today High. Lox Cloge hi Yel c-b ties mwith | Edis 29900! o T e T %a82 Lakes dxt £3by-Grunow EEQ90 ud-Her B ... elloge Switch Nat Leather Nor Am Car 90 Ontario M, 80 Public Ser 80 Quaker Oat jvyer 8t] Cast £ §§E§§§§§'““ BAL‘I‘I\!ORF fl‘OCKfl Special Dispateh to The Star. BALTIMOR.!: September 16— Sale: Last sates ls Arunan Corporation ...... 20 C & P Tel Baito pfd. ss Commercial Credit 77, 11 Commercial Cred 87 42 Consolidated” Gas B oo SR o unma Railways & Elec..... 3U 8 Pidelity & Guaranty. Call money on the | Stock Exchange ruled at 2 per cent and | ¥1XNANCIAL. BROKERS’ LOANS GAIN $62,000,000 DURING WEEK Spectal Dispatch to The Star. | NEW YORK, September 16.—The | weekly statement of the Federal Reserve on bsokers' loans showea an increase of $62,000,000 durmz the week ended Sep- tember 14 to 00,000. This com- pares with $371 751000,000. 138t week, with the all-time low of $331,000,000 on July 27 and with $1,271,000,000 in the same week a year ago. Loans for own account amounted to $408,000,000, compared with $348,000,000 | a week ago. Loans for out-of-town | banks were $20,000,000, against $18,000, 000 the week before, ana loans for ac count of others were unchanged at $5,- | 000,000. Demand loans constituted $313,000,000-of the total, compared with $265,000,000, last week, and time loans were $120,000.000, against $106.000,000. The New York Federal Reserve Dis- trict rediscount rate remains un- changed at 2! per cent. PARIS BOURSE PRICES. | PARIS, September 16 (/).—Three per cent rentes, 84 francs 30 centimes. Five per cent loan, 100 francs 75 cen- times. Exchange on London, 88 francs 67 centimes. The dollar was quoted at 25 francs 53 centime: FOREIGN EXCRANGE. (Quotations furnished by W. B. Hibbs & Co) ominal gold Se l | ENTERPRISE SERIAL |} BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On lnnoul mmm of t0~ Jumbia Bstate Securi 69th Series of Stock Now Open for Subscription James E. Connelly. MORTGAGE 6% NOTES Secured on properties in pre- ferred residential and busi- ness sections. Every mort- gage protected by fre insurance and title guaran- teed by responsible title companies. James F. Shea, Secretary FIRST Conservative Appraisals ing Absolute Safety — NOTES FOR $250 UPWARD A QUARTER OF A CENTURY OF SERVICE Insur. London, pound “Plll! franc e ; ‘_ < 1 N, MAT. . 3 S BOSS & PHELPS Yaon, b Loan Correspondent for | o ;‘_ : 9 John Hancock Mutual Life Warsaw, zioty Copenhagen Insurance Co. K st Oslo. 1413 National 9300 , I IHHi|I|illlIIIIIIIlflllIIIIIIIIIIIIIIIIIIIIII‘III’llllll|!||IIIIIIMIIIHIIII||||HIHII|||I|iIIIllIIIIII!III!I!III]IIIHMll|||IIIII|I|||]IIIIII| Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary 2.31 Subscriptions for the 103rd Issue of Stock Being Received SYISTEMATIC SAVING 1] SPELLS SUCCESS The secret of saving is to adopt a The hes you how to ts ick to it. atest re Come in and Let Us Explain 915 F St. THE IDEAL COMBINATION for investment is security of princi- pal and liberal return. You have both of these assurances in our 9% FIRST MORTGAGES make p! -plus funds. The se- curity is vested in conservative- Iy appraised improved Washing- ton real estate, and there will be no change in the amount of interest earned during the life of the mort- gage. which them the ideal ace to put your st Over a Third fa Century Without a Loss to an May be purchased in amounts from $250 up—upon our conven- ient Partial Payment Plan if wish it. F. SAUL CO. National 2100 925 15th St. N.W. Inzestor. you SUBSTITUTE FOR SAFETY =) NO. 52 of @ Series of Reasons why—uhen selecting @ bank Merits YOUR Conside Personal Service Rendered by Columbia National Officers and Board of Directors tells more eloguently than words the many advantages of being a depositor with this bank. No matter how gigantic or trivial your financial protlem . .. how great all your need, you are made to feel heartily wel- come to consult our Officers at all times. The Columbia National extends friendly service—efficient, capable and helpful. Officers: FRANK J. STRYKER, President L. WHITING ESTES, Vice President ROBERT H. LACEY. Casnicr ALBERT E. YEATMAN, Asst. Cashier WALTER B. GUY, Gerneral Counsel Directors: JAMES A. MESSER JOSEPH H. MILANS JOHN H. MILLER THEODORE . NOYES WALTER §. . RATT, Jr. ANDREW SAUL HARRY BLAKE JOHN JOY EDSON L. WHITING ESTES C. FENTON FADELEY ALBERT F. FOX E. CARLYN GUY DAVID J. KAUFMAN FRANK J. STRYKER GEORGE M. LEIMBACK JOHN N. SWARTZELL HARRY S. WOLF