Evening Star Newspaper, September 22, 1932, Page 15

WASHINGTON, D. C., THURSDAY, SEPTEMBER 22, 1932. FINANCIAL. N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. THE EVENING STAR, %3 A—15 ICURB SHARES OFF | FINANCIAL. JUNIOR BONDS SLIP | | BONDS ON N. Y. STOCK EXCHANGE Recelved by Private Wire Direct to The Star Offiee. s CORPORATION REPORTS New York Cotton Special Dispateh te The Star. NEW YORK, September 22.— An- Sales. High. Low. C'Jse. Stock and Sala— and Sale— T0 LOWER LEVELS| — ez gemr High-Grade List Remains Firm, With Some Issues Showing Gains. BY F. . RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, September 22.—After advancing sharply in early trading. ju- nior bonds today dropped swiftly in the afternoon to close at substantial net Josses on the day. High-grade corpora- tion issues and United States Govern- ment bonds were fim fo narrowly higher throughout the session, and for- eign dollar bonds were strong Rallroad bonds led the decline in the speculative descriptions following de- velopments that showed the Recon- 1US38561-66. 0000 Low. Close. 10112 101 12 102 22 102 22 103 16 103 19 9630 97 985 985 100 25 100 26 100 24 100 28 100 23 10217 10217 104 24 104 24 108 22 108 24 Lib3%s !2-4;1 Lib 1St 415 :Ah 4th 4145 33-38 mg 21 US314846-49...0 US3%sM41-43. US3% J40-43. ADbIitibI P&P Bs '53. Ab& St51s*43. .. Alleghany Cp 5'44. Alleghany Gs'49... 14 Alleghany 6s '60... 53 Allls-Chalm 55 '3 1 Am F P 5s 2030 2 Am Intl 5%s ‘49 Am Metal 5 Am Sm&Re! Am Sug Ref 6 Am T&T 43433 Am T&T c tr 58 46, 103% 106% 4 1040 GoodHoupeS&T 78’46 9 Goodrich 68 “45. 18 Goodrich 8% s 47, Grand Trunk 7s'40. Grt Nor 4348 D '76. Grt Nor 4% Grt Nor5sC'73... Grt Nor 5%s B'62. Grt Nor gn 78 °36.. Greek 6s'63. Hudson Coal 65 '62. 10 Hud & M adj 68’57, 22 Hud & Mrf5s'67.. 2 Humble O11 53 '37.. 14 111 Bell Tell 68 '66.. 18 IlICentettr4s’62. 5 Tl Centct tr48'53.. 3 111 Cent rf 4555 2z T Cent 4%3°66... 41 I CCStLAN 4%s, 9 111 CCSLL&N G=A.. 50 111 Steel db 4158 40. 33 Int Rap Tr rf 53 66 56 Int Rap Tr 6 o Int Rap Tr 7 46 10214 105 63 45% IN FACE OF RALLY Market Closes Irregular, With Utilities and Oils Slightly Lower. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, September 22.—A last- minute rally enabled curb exchange prices to regain some of the ground lost in the afternoon, but the list was irregular at the close. Electric Bond & Share near the end was off a minor fraction, after advanc- ing more than 2 points. Cities Service was a shade Jower, after moving nar- Dividend Rate. ~ Add 00. High. Low. Close. TRENDS AND PROSFECTS OF Alabam Pw pf (7). 108 80% Aluminum of Amer2825s 79 Alum Ltd C war, 2 7% Am Beverage. ..... Am Citles P& L B. Am Comwlth Pw B, Am Cyanamid B. Am-Equities. & Am & For Pw war.. Am Founders. ..... Am Gas & El (11).. Am Investment. ... Am Invest B war Am Laun Mch 1.20. Am Lt & Tr (2%).. Am Maracafbo..... Am Superpower . Am Super 1st pt Anchor Post Fence. Appal El Pwr pt(7) Arkansas Nat Gas, Arkansas NtGs A. Ark Nat Gas pt Ass0G & A s Assoc GEE f (5).. Asso Tel Utilities. Atlantic Coast Fish 80% 80% ! Sherwin Wms (2).. 50s Stock Dividend Rate. Add 00. High. Low. 27 27 | Stica Get ct..... 21 1% 1 % | Binger Mfg Co (8). 208115 114 Smith (A 0). 800s 37% 33 > % -9 6 . 3813 13 1% 72 7 Southern Corp k10c Southland Roy 20c. Stand Ofl Ky 1.20. . Stand Oil, Ohlo 1% 1% | Stana Pub Service. 21% | Stein A & Copf 614, % | Stutz Motor Car Swift Intl (14)...., Swiss Am El pf (6) | Tech Hughes (60c) 2% | Texon O&Land 1% 4% | Tobacco Prod Del. . 3% | Trans Air Trans. 22;‘! Trans Lux DL P S. " LEADING ORGANIZATIONS. NEW YORK, September 22.—Follow- ing is today’s summary of corporation news prepared by Standard Statistics Co,, Inc., New York, for the Associated Press: Aircraft. Aviation Corp-ration (Delaware)— Mail carried over 11 routes of American ; | Airways, Inc., during July totaled 108,087 pounds vs. 126,029 in June. National Air Transport, Inc.—Mail carried over New York-Chicago and Chicago - Dalles routes during July fotaled 118759 pounds vs. 169987 tn une. carried by Eastern Air Transport, Inc., subsidiary, during July totaled 55,538 pounds vs. 66,952 pounds in June. United Aircraft & Transport—Mail carried by subsidiary over Seattle-San Diego and Chicago-S8an Francisco routes other sharp rise of $1 & bale under heavy trading brought the cotton mar- ket to a level today where increased offerings from producers arrested the improvement, and set-back of 35 points left the list 2 points higher to 5 points lower than yesterday. ‘Though hedging and profit-taking supplied & large quantity of cotton, | buying appeared from trade and com- | mission house quarters in about equal :Ig\\afl;; Spots were advanced 5 points Cotton range: October Nrth American Aviation, Inc.—Mail | Jul STATEMENTS EXPECTED 1021 rowly throughout the day. Standard Ofl | 4 %0 1 680 F78t during July totaled 108,935 pounds vs. | siruction Finance Corporation and the Interstate Commerce Commission as tightening up considerably on railroad | Joans. De:lines ranged from 1 to 2 points in bonds such as Rock Island | 4',s, Pere Marquette 5s, and Missouri- Pacific 5s to as much as 8 to 10 points | in Baltimore & Ohio 4l,s and Nickel Plate 6s. In the last hour there was a partial recovery. Trading, which had been heavy inj the early and midday stages, tapered off substantially on the decline. At the openine the resumption of the | advance in stocks stimulated specul tive railroad bonds such as Erie Te- Boston 4'.s. Allechany Corpo: ; Industrials like Dodge Bros. 6s, United Sates Rubber 5s, McKesson & Robbins | 51.s, and the cils were also in demand at_sharply higher prices. Junior utilities also advanced, notably International Telephone 5s, American & | Foreign Power 5s, Western Union 5s.¢ Postal Telegraph 5s and New York City tractions. Prime, corporation issues were firm. The best buymg was in American Tele- phone 5s, Consolidated Gas 5'ss, Du- quesne Light 4125, Utah Power & Light 5s, Philadelphia Co. 5s. Atchison gen- eral 4s, Norfolk & Western 4s, Union Pacific first 4s, Burlington general 4s.| Standard Cil of New Jersey 5s and General Motrs acceptance 6s. One soft = ot in the list was occa- sioned by th announcement that only 17 per cent < f the $20,000,000 of Nlrkell Plate 6s, due October 1, have been de- posited in assent of the plan to pay oft 25 per cent of the notes in cash when they mature. Unless 75 per cent of the note holders agree to this plan, the, road will be unable to obtain the $5.-| 000,000 loan from the Reconstruction | Finance Corporation needed .to make | the cash payment. Nickel Plate 6s| were more than 4 points lower. Baltimore & Ohio bonds were some- what affected by the announcement that the R. F. C. had decided to defer action on the rord’s request for a fur- ther loan of $31,025.000 incident to the refinancing on the maturity mnext March 1 of $63.250.000 of 20-year 4! per cent convertible bonds. MONEY MARKET. NEW YORK, September 22 (#)— Call money steady: 2 per cent all day. Time loans steas 60 days, 1all; per cent: 3-6 months. 11;all, per cent. Prime commercial peper, 2 per cent. Bankers' accctances unchanged. POTA”) MARKET. CHICAGO, Sep:>mber 22 () (United States Department of Agriculture) —Po- tatoes, 95: on traci. 262; total United States shipments, ; ‘dull, trading slow: sacked per hundredweight; Wis- consin cobblers, 65270; Minnesota cob- blers, Hollandale section, mostly 70: Am T&T deb 53 °60. Am T&T deb 55 '65. Am TET 5843, Am Wat Wks 5 Am Wat Wks 63°75 Am Wr Pap 6347, Argentine Gl4s Argent 6s'61 Argentine 6s * Argentine 6s 59 Oc Argentine 6s A '57. Argentine 6s B Arm & Co 443" Arm Del 584 Atchison gn 4s *9 Atchison 414843 AUCL st 48 AtICLcl4s’ At Gulf& W1 6859, At] Ref db 53 Australia 414556, Australia 5s '35 Australia Austrian 7 Austrian 7 X 10214 1067 o1 20t by 39 1001 B&Orf 53D 2000, B&Orf6sC'95. B & O Sw dv 68'50 B & O Toledo 4369 Ban & Aroos 4s'51. Batav Pet 413342, Belgium 63 55. ... Belgium § Belgium 75 '55. Belgium 7s '56. Bell Tell Pa §s C'60 Benef Loan 6s '46. ., Berlin Cy Berlin Berlin C Ber mun ex 6133 Beth Stl pm 5s '3€. Eolivia 7s '8 Bolivia7s’69 Bolivia 85 '47 Bos & Me 4 Bos & Me 5355 Bos & Me 5s'67 Brazil 6348 '26-'5 Brazil 6338 '27- Brazil 8541 Bremen 7s '35 Bklyn Elev 613s. Bklyn Man 6s A '68 Bklyn Un Gas 6s'50 Eklyn U Gas 55 '5' Budapest 63 '62. ... Buenos A R 6s'61. Buff Gen E1 413 5'81 Canada 45 60 Canada 43%s " Canada5s ‘52 1003, E5' 9915 873 88 88 873 90 94ty 100% 8515 91, Can Nat Ry 4 Can Nat Ry 414 Can Nat Rt at Ry 43,5 at 55’69 July 5569 Oct. or db 6145'46 or deb 7s '40. Can Pac db 4s Can Pac 4145 '60. Can Pac 55 '44 cifs. ST Int Cement b5 ‘48.. 28 Int & Gt Nor 6. 12 Int & G N ad 6s " 24 Int Hydro E1 6s'44. 30 Int Match bs IntT&T4%s'62.. 48 IntT& T 5s'66,...11 Ttaly 78 '51. Italy Pub 78 °62. Japanese 518 ‘65 Japanese Jugosl Bnk 78 °57. Kan C F S&M 45'36 Kan C P&L 44861 Kan City Sou 38'50. Kan Clty Sou Kan City Ter 45'60, Karstadt 6s 43.... 2 Kresge Found 6s'38 Kreug & Toll 5 Lack St1 53 A '60... Laclede Gas 6334, Laclede 5135 D "60. Loew’ Long Isl rf 4s°49. Long Isl ab 55 "37 Lorillard 6s '51.. Lorillard 7s 4. . La & Ark 55 '69. L & N uni 45 *40 1.& N 41 = C 20, Lou G & E1 53 A'5! Lyons 6334 McKes & R 548’50 Manhat Ry cn 45’90 Market St 7s A "40. Midvale Stl 5 Milan 6138 Mil E Ry&L Mil E Ry&L 5 MSP&SSM cn M8 MSP MSP&SSM 538 MK & T 1st 45 '90, MK&T4sB MK & T adj 5 MK&TisA Mo Pac gn 4s'75. Mo Pacrf5s A ‘65, Mo Pac 6s F'77 Mo Pac 58 G '8 Mo Pac 5s H '80 Mo Pac 5s1°81. Mo Pac 5148 A '49. 207 Montevideo 6s'59 Nassau Elec 4551, 17 Nat Dairy 54 #'48.. 59 Nat Steel 58'66.... 3 Eng T 1st 5s°'52, 32 NJ Power 465°60.. & 7 N Y Centdb 4s'34. N Y Cent 4s Y Cent 100% 62 61 &8 21% 700 21 10415 119% 85'% of Indlana retraced a part of its early loss. Brazilian Traction braced. The widest break of the session was in Eastern Steamship Lines, Inc., wiaich made its first tape appearance in months, Northwestern Yeast scored the widest gain, also coming out for the first time in months. Quaker Oats pointed higher, but food shares gener- ally were erratic. Mississippl River Power preferred made the best showing in public utility senior shares and Celanese prior pre- ferred led the textiles upward, Pepperell Manufacturing was active. National Sugar Refining strengthened. Alabama Power $7 preferred and Ap- palachian Electric Power $7 preferred registered sizeable gains near the close as United States Playing Card pointed upward. Undaunted by the Roosevelt speech on public utilities, traders bid up that group of shares in the forenoon, forcing shorts to cover. The Street took the view that some management, invest- ment and holding companies needed more regulation than at present and in that sense accepted the Democratic candidate’s speech. In the upswing of the power and light companies outstanding movers were Assoclated Gas & Electric pre- ferred, American Light & Traction, *| Eastern States Power B, Utilities Power & Light B and United States Electric with warrants. Paris cables indicating the signature of an international agreement between American, British and Dutch ol execu- tives, designed to improve the export market, bettered Gulf Oil Corporation. Encouraging reports of greater than seasonal demand for gasoline helped Pure Oil preferred, Standard Oil of Kentucky and Standard Ol of Ohio. Ohio Brass passed its preferred pay- ment and North & Judd Manufacturing reduced its disbursement from 37!, to 25 cents quarterly, but these were the only unfavorable dividend revisions. Once again the aviation shares were whirled on reports of increased foreign orders for planes. Irving Air Chute at- tained a new peak for the year. Na- tional Aviation and Pan-American Air- ways advanced. CHICAGO CHICAGO, September 22 (#) ter, 8563 unsettled: creamery clals (83 score), 201,a20% ; extras 193,; extra firsts (90-91), 18%al9';; firsts (88-89), 17a18: seconds (86-87). 15a16; standards (90 centralized car lots), 20. [Eggs. 4.148; firm: extra firsts, cars, 2 fresh graded firsts, cars. 22; ; current re- ceipts, 18a20. Markets at a Glance Atlas Util war. ... Auto Voting Mach. Benef Ind Loan 1% Blue Ridge. . 4 Blue Ridgec pfal. Brazil TL&P(b8 %) Brt-A T cu B ki3 3-8 Buft N&E pf (1.60). 224 Bunker Hill & Sul.. 22 Cable Radio T vte.. ¥ 1 Cable & Wire B rcts Canadian Marconi, Celanese pf (3%4).. Celanese 1st pf.... Cen Pub Serv Del.. Cent Pub 8ve A, ..\ Cent States Elec.... Cnt St El pf xw(6). Centrifug Pipe 60c. Cities Service Citles Service pf... Cltigs Service(BB) Citfes Sv P&L 37 pf 1008 28 Columbia Plctures. 1 11'% Colombia Synd.... 4 n Col G & E cv pf (5). 200100 Col Ol & Gas vte. . 1% Comwlth Edis (5). Comwith & Sou war CAMCoctfs. Consol Copper.. 3% 31 10% 16% 1% 56 2 1 151 A% 3 308 20% Cont Sharescv pf.. Cont Shares pt B Cord Corp. Cosden O1l. Crane Co. Creole Petroleum. , Crocker Wheeler. .. Crown Cork Intl A. Deere & Co........ De Forest Radio Detrolt Afrcraft. .. Dow Chemical (2).. Dubflier Cond & R. Duke Pow (5)..... East G & Fuel Asso stn 8ts Pwr (B). Eastn States pf(A) East Util Asso (2). Eisler Elec Corp. El Bd & Share b6 % El Bd & Shace pf 6. El Bd & Share pf 5. United Gas pf (7).. Unit Lt&Pwr (A).. United Lt & Pow B. Unit Lt & Pwr pf.. Unit Shoe Mch 2% U S Elec Pwr ww.. USS Finishing..., USFoll B (30c). UtlP& L Utllity Equities, Utility & Ind. Van Camp Pack. Van Camp Pak pf. Venezuela Pete. ... Wenden Copper. ... Willow Cafeterias., nd rates in dollars based on last Oor semi-annual m S P R Camn o ek " § Bayabie hi . ayable i stock. e Adjustment dividend. f Plus 5 in stock, gPlus 6% In stock. hPlus 14 in Jos Bl 37 o gioce. KPlus to stock.” b Paid last year—no resulats race.” Grain Market By the Associated Press. CHICAGO, September 22.—Wheat prices underwent material setbacks late today as a result of Eastern selling and | of stock market reactions. Enlarged spreading operations be- tween Chicago and other wheat market- | ing centers were noted, with the buying | done elsewhere than Chicago. Indica- | tions pointed to likelihood of renewed | heavy receipts of wheat in Canada | Wheat closed unsettled, 1-1% under yesterday’s finish; corn, unchanged to | 35 lower; oats, 'x-3, off, and provisions | varying from 2 cents decline to 7 cents advance. WHEAT— September, old... ) i | 138,567 in June. Automobiles and Trucks. Chrysler Corporation grants license to Skinner Motors of Detroit for sale of floating power engine mountings as re- placement parts for Ford cars. Investment Trusts. Insull Utility Investments Inc.—Fed- case; attorneys for committee announc- ed that they also expected to get au- 1 | thority, to file a conspiracy and fraud sult against 14 directors of company, Metals (Non-Ferrous). American Smelting & Refining Co.— Lower prices of lead 10 points to 3.40 cents a pound, New York. General Brcnze Corporation—August bookings of company totaled $850,000. Office and Business Equipment, Smith (L. C.) & Corona Typewriters Inc.—Control and ™anagement of com pany has returned t> Smith family H. W. Smith elected chairman of Exec. utive Committee, E. L. Smith, made as- sistant to the presider.t. OiL Crude ofl production in the United States during the week ended Septem- ber 17, averaged 2.191.600 barrels daily. an average of 23.900 barrels over daul average of preceding week, according 1o American Petroleum Institute; during the week total storage of motor fuel was | Spectal Dispatch to The Star. YORK,, September 22.—The recovery in bank stocks has not only been based on the generally better | speculative sentiment, but reflects the outlook for improved statements of con- dition by national and State banks and trust companies following the Septem- |ber 30 call. The leading New York | For instance, National City advanced | 40 points from its low of the year and ;losl about 17 points. All of the metro- | politan banks have declared regular quarterly dividends, payable October 1, but there are many banks in the in- terior that have announced reductions | in_dividends for the quarter. reduced by 1.437,000 barrels to a total | of 53,099,000 barrels. Gulf 'Oil Corporation—Subsidiary, Gulf Refining, to <pend $800,000 on Washington and Staten Island improve- ments. % Paper and Paper Products. International Paper & Power Co. subsidiary International Paper Co., has notified contract customers of reduc- tion in newsprint price of $7 per ton, effective September 1, for remainder of 1932 and all of 1933. Railroad and Railroad Equipment. Union heads refuse to discuss wage Reconsidering Your Will? Many wills, made some time ago, are being re- considered, today. One important reason is the desire to place Estate and Trust administration in Elec Pwr Asso(60c) Elec Pwr As(A)60c Elec P& L op war. Elec Share pf w EmpireG&F 7 Eureka I'ipe L (4), 3 c deb rts. ! 1 Lead.. | Fora Motor Can A. |ForaMLu....... | Foundation For Sh. “isk Rubber (new) Franklin Mfg Franklin Mfg pf Gamewell .pf (6).. General Alloys. ... General Aviation. . Gen G&Ecv pfB hé. Gen Pub Service pf Glen Alden Coal Gold Seal Ef new Goldman Sachs. December May . September . December May OATS— September RYE - September December May . Gasoline Price Cut. = NEW YORK, September 22 (#) —The 4 |8asoline market in the Atlantic seaboard territory turned weaker today, with the 7, | @nnouncement by Standard Oil Co. of New Jersey of a cut of 3 2-10 cents a gallon in the tank wagon and service station price, effective tomorrow. | question with railroads in advance of | expiration on January 31, 1933, of ex- | isting agreement providing for a 10 per cent pay cut. Canadian Pacific Ry —Royal Com- | mission’s report recommends that road | co-operate with Canadian National Ry. Co. in adoption of measures to remove | | duplication in services or facilities. New York, Chicago & St. Louis— About 17 per cent of 6 per cent notes | deposited in acceptance of plan for | paying off 25 per cent of principal in | cash at maturity, October 1, and re- | funding remainder. R | | | Short Selling. NEW YORK, September 22 (Special). | —The action of certain stocks this week | el sible hands for future family protection. fOfficers of our Trust Department would b e pleased to discuss with you the financial aspects of estate disposition and the advantages of our service, as executor and trustee. National etropolitan suggests that sb&;me of the bshzn.s lre‘ | in an unenviable position, brokers say.| BANK In one or two cases it looks as though ;‘hey have been “locked in” and might | Fifteenth Street Opposite U. S. Treasury OVER 118 YEARS OLD YCrf4ls2018, YCrf4l%s2013m 52 YCrf5s2013 Y Cent db 63 YC&StL 413 YC&SL5 148A'T4. 22 YC&StL 1st 68 32349 N Y Edison 53 B'44 14 NYEdisonbsC's1 6 NYEdrf6}%4s 41, VY EL H&P 4549, % 3% 156 166 11815 118% 8 35 N other sections, 65; Minnesota Sand | Can Pac5s’54..... Q Tand Ohios. 60a65; North Dakota Red | Cent Il E&G 58 51 3 River Ohios, 70a75; Idaho Russets, N N N 1380a1.35. Grt A&PT n-v 1614 GtA & P Tea pt (7) | Gult o1l of P < Hamilton Gas vte.. N Happiness Candy. . Hecla Mining. . . Helena Rubinstein, Hires ¢ $8). .o | Horn & Hard (235). | Hudson Bay Min 1P&LDpL(6).... Imp Ol of Can E0c. Imp Tob Can . Ind Pipe L (1 Insull Inv. .. InsCo N Am (2) Insurance Seq Int Petrol (1). Int Superpwr (5 IntUtilA... Int Ut B Interstate NEW YORK, September 22 (#).— Stocks heavy: industrials lead down- ward trend. Bonds easy: rails heavy. Curb _irregular; profit-taking checks rise. Foreign exchanges irregular; Ca- nadian dollar firm. Cotton steady: trade bt g. higher cables. Sugar steady; trade buying. Coffee steady; commission house buying. CHICAGO. September 22 () —Wheat easy: disappointing export trade, re- action stocks and cotton. Corn easy; liberal country sales, bearish weather forecast. Cattle steady to weak. HOgs strong to higher. The new price is effective through- out the company's territory, except in New Jersey, where the reduction was 2 2-10 cents a gallon. The company also cut tank car! Standard spot gasoline to 6 cents a gallon, fob. seaboard, or !, cent a pallon under the posted price at re-| fineries and terminals on the seaboard. DIVIDENDS ANNOUNCED NEW YORK, September 22 (#).— Resumed. 160 Cent Pac 1st 4349, 1181 Cent Pac 53'60.... et Cen Ry NJ gn 5587 PARIS BOURSE PRICES. | Cnes Corpsovtre . Ches Corp 5s * PARIS, September 22 (#)—Three per C&Ogen ¢ cent rentas. 84 francs 25 centimes. Five per cent loan, 100 francs 75 centimes. Exchange on London, 88 francs 21 centimes. The dollar was quoted at 25 francs 50 centimes. mitments without Premiums are being paid to borrow 15 | different stocks, among which is United | States Steel preferred. Over 140 stocks | are lending flat. This represents 20 per cent of the active daily list. Chi Ind&L gn 5866 Chi Ind&L gn 65'66 CM&StP gn 4s'89. C M StP&P 68 '75.. 168 C M & St P ad) 5s..194 ChI&NW 4% Chi&NW 414 Chi & NW 4% Chi&NW rf 68 Y NH&H 4248 67 PROPERTY MANAGEMENT NY 0&W gn NY O&W rf N Washington Stock Exchange SALES. Washington Rwy. & E. 45—$1,000 at 87%. StRy 618 Telgn 4143°39 W&B ¢% h Md 5 Nord 6%8'50...... Norf Sou ref 55 '61. North Am C 58 61 Nor Am E 5%s5'63. N Ger Lloyd 6347, NorOT&L 6547, Nor Pac gn s 2047 Nor Pac 4s'91 Nor Pac 53 D 2047, Nor Pacri 632047, or St Pw 58 A '41. r St Pw 63 B "41. rway 58 ‘63 Norway 5148 " Norway 6s 43 Norway 6344 orway 6s°52 Ogden&L Ch 4s"48. Ore Sh L 6s gtd 46, Oreg-Wash 45 61.. Orient Dev 5%s '58 Orient Dev 6s '53.. Pac GAE63'43.... Pac T&T 1st 5337, Pan Am Pet 6540, Paramount 68 '47, . Param-Pub 5%s5 50 Paris Or 5145 '68. .. Pathe Exch 78'37.. Penn sta 48 . Penn 4%8 D Penncn 4%s Penn gn 433 '65. Penn 4348 D 70 Penn 55 '64. Penn gen 55 '68. Penn §%48'3 Apartment House MANAGEMENT NONE of those annoying and attention-demanding details in connection with the operation of your apartment house properties will come to you if you give the charge over to our Property Management Department. You will be assured of ex- perienced management, which means economy in operation and maximum of return. It is a very complete seryice— rendered at very minimum cost. B. F. SAUL CO. 925 15th St. N.W. NAtl. 2100 Hldrs. of Pay- . " record. Pe- Company. Rate. riod. Mggd! 5 Xm(ulors Bery par pf........75¢ 3 Prov Wash Ins....15c 9 . g:fl' Recuced. Genesee Valley Tr..75¢ Q Lib Nat B& T (8av) ..........001z¢ North & Judd Mis.2%¢ Norl?en}a Btates P?"sn NY ~ Sales. High Saxon P W 614851, 45 Saxon 7845 48 SeabA L rf 1. 4y Seab A L adi5 10 Sea All Fla 6s B'35 33 | Serbs-Cr-S1 7a°62. 1 8 Shell /011 5847, . Shell U 0 58 49ww. Shinyetsn 6348 Sine Of1 6135 B * Low. Close 45 45 48 Pt AFTER CALL. { Electric 5'2% Sep. 20 Sep. 15 Sep. 16 Sep. 30 | Sep. 20 | Sep. 23 Sep. 23 Potomac pld—10 at 1037 Washington Gas 6s B—$500 at 10215 Washington Rwy. pld.—12 at 91. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Tel. 4135 '39..... el & Iar 55,0 4% Oct. Sep. Nov. Oct. ChiR14%s8°60.... CTH&SE 1st bs '60. CTH&SE fn 5560 Chi Un Sta 418 Chi Un St 55 '44 Chi Un Sta 58 B Chi Un Sta 6%8'63. C& W Ind cn 45’ C& W Ind 6%s Chile 6560, Chile 6s Chile 6561 Sept. Chile 6s'63. Chile 75 *4: Chile Cop db 65 '47. Chile Mtg Bk 6s '61 Chl Mtg Bk 63%s'57 1 CCC&St L 4%sE '77 13 CCC&StL5sD'63 20 Clev Term 4%s°77. 15 Clev Term 53 B'73. 9 Clev Ter 514SA "72. 4 5 Italian Superpw A. | Kirby Petroleum. . Lake Shore M +235, Lakey Fdy & Mch.. Lehigh C & N 80c.. Lone Star G béic.. Louisiana L & Ex.. McCord Radiat B. . Mass Util cv pf 215 125 2dison pf (6).. 258 Springfield Nat Bk (8prgfield. Mass) 30c Q ‘Waterbury Parrell Pd; & Mach e Q Young (3 8 Co. 1150 & Omisted. Rate. Period. Due. e Nov. 1 Se; o Bid. Asked. Amer, 108 - . Skelly O11 5 Solvay Am 58 Sou Bell T&T SW Bell T 55 A Sou Pac col 434 Sou Pac rf 4s 0DOOOD % ot Mid Sta Pet vtc B. . Xy Midl West Utilitles Mid WU cv pf n xw. 1 9 Deferred. 1 - 21 £ Minn Honey pf (6). 10s 2 2 Cons Bakerles of Can Ltd.12i4c - Recular., PLTLITNIEr Pe- Pay- Hidrs. of 5|, Company. Rate. riod. _able. AusRich & Co PrAZse @ Nov Bidsnamton & B84 vorks 7% . $L75 4 British _Colum Tel Co 67 pf. ..$1.50 5% 5% Broad st favest.. 25 1 2 |Bvers (Am) Co pf.51.75 100% 1008, | Creamery Pks Mty 3sc 413 o 9 . Wash. Alex. & Mt Ver ctf : Washington Gas 4':5........ Sou P 414869 ww. Mining Corp of Can w Sou Pac 4%48°81. .. Mo Kans Pipe L. Sou P&OF 4155 A'T1 Rou Ry gn 4s A'56. Sou Ry 5s'94. Sou Ry gn 6356 Sou Ry 6%8 56, StOIINJ5s'46 StOfl N Y 4%s°51 Sweden 5148 '54... Swiss5158'46..... Tenn EI P 6s A "47. Tex & Ark 5158'50. Tex Corp cv 53 '44. Tex&P 1st 58 2000, Tex & Pac 5s B'77. Tex & P5sC'T: Tex & P53 D'80... Third Av rf 45°60. . Third Av 18t 5837 Third Av adj 5s '60 ‘Tob P NJ 6158 2022 Toklo 5145 61 Tokio El Lt 63 '53. UE&P 1st 5%8 A'54 Un Pac 1st 4847, Un Pac 4568 Un Pac rf 43 2008 Un P 1st rf 65 2008, Unit Drug 5s'58 Utd King 5%s '37. U 8 Rubber 5547, A4 A s Riv Pr pf (6). 10s 80 Moh Hud P 1st pt 7 258 8Bls | Mountain Prod 80e. 2 4 Nat Aviation...... 4 b% Nat Bellas Hess... 42 2 Nat Dairy pf A (7). 258100% Nat Investors..... 6 4% NatInvestwar.... 2 Nat Pw&Lt pf (6).. b0s 2 NatSugarNJ(2). 3 Holly D New Eng Pw pf (6) 108 Intern Newmont Mining., 18 2! oy N Y Steam (2.60).. 1 804 50% 50% NY Telpf (6%)... 258 118% 113% 1187 NY Trann (kioc). 1 & 5 = Hud Pwr 1.20. az Hud (A) wars ag Hud wr B war Niag Sh Md B 5% Niles-Bement-Pond Nipissing. .. z Nitrate ChilaB.... ;| North Europ 0ii. .. # Northw Yeast (12). 10s 104 ©Ohio Copper.. Oflstocks Ltd. Pacif Tin (spel) Pacific West Oil... Pan Am Alrways PantepecOil...... Parke Davis 11.30. . Parker Rust Proof. 400s Penroad Corp. .. 21 Penn Mex Fu(ki0e) 2 Penn P& L pf(7).. 50s Tepperell Mfg Co.. 308 Phil Morris Ine.... 12 Phoenix Secur Corp Pllot Radio Tube A Ploneer Gold (12¢) Pitney Bowes b4 % . Pittsbgh&LE(2%) Pitts Plate Gls (1). Plymouth Ol (1).. Pub Uti] Hid war... Pub Ul Hldx w., Pub Util Hld ¢ pt.. Pure Oil pf (6).... Quaker Oats (17).. Wash Wash G Rwy Colomb 6561 Jan.. Colomb 6s ‘61 Oct. . Colon Oil 6338 Colo & Sou 4145 Col G&E 58 '52 May 12 Col Gas&El 58°61.. 8 Com Inves53s'49. 1 Cons C Md rf s "0 Con G NY 443'51. 6 Con G NY 5%s'45. 2 Con Pwr Jap 8%s.. | Con Pow Japan 7: Consum Pow bs Copenhag 4% Copenhag bs ° Cuba 5 %8 '45 Cuba R R 1st Cuba RR rf 7158'36 Nor 514842, 'zecho 88 °51. D. C. Paper Mfg 6s... . Wash. Mkt. Cold Storage 8s.... STOCKS. PUBLIC UTILITY. & Tel. (9)... o 24 MORTGAGE LOANS o ESEprnSrranRanos maTaa Leader PUll Sta of. §1 Maryl Tr (Bal).. 30c Midiand & Pac Gi 175 88 i, i it Wash. Rwy. & Elec. com 5 22 Wash. Rwy. & EL pfd. (5). 91 98 The following figures are not bids. but erely represent mimimum prices fixed by e Washington Stock Exchange. NATIONAL BANK. oo Peop Gas ref 58 '47. Peor & E inc 4590, Moody's Favesiors Serv pt Bf...... Pere Marq 43 ‘80 Mountn Sts Pw p{ §1.75 Neshua Gum & Coat, per pf ... 3178 » bf.s2 price. | Min. o5 | Bow oy R oo 2815 004 tokim o 8 o BB - 335 Phila Co 53 '67. Phila Elee i s Phila & Read 68’49 1 Philippine R 4837, rk 4%8°62., 14 )g:::":rk 52.-55.. 19 ¢ Phillip PHBKI‘%I Denmark 65°42.... 7 92 P& WYV 4%sC D& RGren 4s’36. 9 {D&RGr4ths 36.. 19 a H’.fifigmi :; Port Gn El 43360 Det EEd 4%s D '61. . g::#:rgl 42, Det Edi £ 55°49 C | Dodte Bros s 40 62 Duquesne 4155 67. DEIY 3 88 | Del & Hud 5% i TRUST COMPANY. er. Bec. & Tt Co. (15)..... A sav T (02 S 3Bk & Tr n Trust (85 Wash Loan & Tr. (1f) SAVINGS BANK. he-da_(65) : ngs (100 Uruguay 6560, Uruguay 68°64. Utah P& L 58 '44.. Util Pw 5559 ww. Utl) Pow 5%847.. Vanadium St 8841, 3 .2 Va Ry & Pw 58°3¢. VaRvistfsA 62 Va SW 1st cn 6858 Wabash 4%s ‘78 ‘Wabash 5s B '76 Wabush bs D '30 Wabash 648°75... Warn Br Pic ll‘l‘!x. % 1 Toronto El 7% Dl.ll.h Twin State G & E, 7 pr llen... willimantic Tr Ct 00 OO POOOOOLOO OO DO po O LOOOOLOORZE DOLOO O O FIRST MORTCACE NOTES 175 s Secured on residences and income-producing properties in the District of Columbia. Market Averages By the Assoclated Press, STOCKS. 20 90 50 20 Indus. Rails. Util. Toti . 635 355 100.0 658 B (105) Senth gl 1) R ] FIRE INSURAN American (12) rcoran (10) remen’s (8 National Union’ (15). 2 - TITLE INSURANCE. Columbia (6h).. Real e (6 Pure Ol 5% | E1 Salvador 8 Queensiand 7s°1., Eriecv 48 A '63 rie gen 48 Erle ref 5s ‘67 Erie ref 58°75 Safe Profitable Convenient a P TR - - SO T Jores arpnonmiBuans o SBe . MISCELLANEOUS. Col. Medical Bldg, Coro. (6) . Natl. Sec. Biners, Bromo-sel Finland 7s ‘60 Fisk Rub 8s Permit Us to Offer Our Facilities for the Placing of Your Investment Funds Rhbine W, Rich O11 Cal Riode Jan 6% RioDeJan ext R Gr Do Syl 6s RIAr& L ¢%s'34. Rome 6%s ‘52 Royal Dutch ¢ StL IM R&G ¢8'33. West Pac 58 A'46. . s - West Un cl tr 53 '38 Richmond Radiator West Union bs Roan Antelope. .. . West Union 58 Ryan Consolidated. West Un 6% " Safety Car H & Lt. 6258 = = Mer. Tr. & Stge com. Mer. Tr & Stge. pid...... Mergenthaler Linotype (160, Natl. Mtge. & Inv. pfd. (8) ... Peoples Drug Stores 6'2). Real Est. M. & G. pfd. (6). Gelsenk’'hen 65'34 Gen Cable 512547, Gen Motors 6s'37. - St H. L Rust Company 5 4 A Security Storage (531 Ter. Ref_& Wh. Cot A 24 & I Corp. (2)... “Corp. (7). B throp com. (130 2 d & Lothrop pfd. (... ividend. s closed. 97% £ Gen St Cas 514549, 2 | Gen Th Eq 6s'40. 3'2| Ger Cent Bk 68°38. 33 Ger Cen Bk 6560 J Ger Cen Bk Ger Cen Bk Ger Gen El 78 Ger Gov 6% German 6% '5 German Rep 78 49 22 91, 495 48% 48% 69% StL&SF 4n A 'SV, StL&BF4%s'T8, St L&SF 53 B '50. . StP&KCSL ¢ %841 SanA&AP¢s'43. o Pau 7» Sao Paulo Sao Paulo o me BRel Westphalia 6 '63. . Wilks B £ 15t 5s'42 Wick Sp cn et 78'35 Wil-U 18t 6%8'33 Wil & Co 18t 41 Wis CentTm 4s'3 Yokohama 6s 61 Yxstn S&T Ygstn S&T 53 B'70 70 St Anthony Gold... 20 St Regis Paper.... 173 St Regis Paper pf.. 20s Salt Creek Prod (1) 2 Seaboard Utilities. 2 Segal Lock & Hrd.. 7 Selected Industries 16 Shenandoah Corp.. 4 Shenandoah pf. 2 el T RRTT PR S tereata pPremasAg e, g .3.3.8??-'““3”‘. (Copyright, 1932, Standard g g ? 1001 Fifteenth St. National 8100 ESTABLISHED 1889