Evening Star Newspaper, September 23, 1932, Page 15

FINANCIAL. THE EVENING STAR, “’A‘SHING'I‘ON, D. C, FRIDAY, BONDS ARE STRONG . INACTIVE MARKET _Second and Third Grade i Rails Score Best Gains of Day. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, September 23.—Bonds were strong today in active trading. The lead was taken by railroad obliga- tions of the second and third grades, with advances ranging from 1 to 4 points. Industrials and junior utility ssues rose sharply. High-grade cor- poration issues were firm. United States Government long-term bonds gainbd narrowly. In the foreign list there was a good sprinkling of frac- al advances. “rish news concerning the rail- yo-ds ‘~cluding the threat of another Jabor wage dispute and the refusal of c-:ain lcans by the Reconstruction Finance Corporation, was ignored and emrhasis placed on_estimates of the weekly car-loading figures, which are expected to show the best gain of the year. The bulk of the loadings in- crease is expected to be in manufac- tured goods. with coal ranking second. The publicity given to the slow rate at which the 6 per cent noteholders of the Nickel Plate are depositing their notes, in assent to the plan to pay 25 yer cent of the $20.000.000 October 1 BONDS ON N. Y. STOC Received by Private Wire Direct te The Star Offies. UNITED STATES. (Sales are in $1.000.) High Low. Close. 10110 101 12 102 22 10223 10318 103 18 9629 9631 985 987 100 24 100 24 100 25 100 25 100 20 100 20 102 15 102 15 104 24 104 24 108 22 108 22 Sales. High. Low. Close. Abitibl P&P 65’53, 11 23 22% 22% Alleghany Cp 5'44. 58 3215 31 31% Alleghany & ‘50 38 200 19 19% AmF P582030.... 46 42 4015 40% Am1GCh5%s'49 8% T84 TRY Am Metal 5243°34. A214 0% 70 ‘Am Sm&Ref 53'47. 9414 94 Am Sug Ref 6s°37. 103% 103'% Am T&T 4%s'39. . 107 106 Am T&T c tr 6346, 104% ‘Am T&T deb s '60. Am T&T deb 53 '65. Am T&T 5%s’43 Am Wat Wks 6s'34. Am Wat Wks 6’76 Argentine 58°45. .. Argentine 5% s 62, Argent 65’61 May. Argentine 65’59 Ju Argentine 6s '69 Oc Argentine 6s A '57. Argentine 6s B 58, Arm & Co 4%3'39. 8% Arm Del 515 '43.. 73 Assoc O11 68 °35. Atchison adj 4s'95. Atchison gn 45’95 Atchison 4%s"48.. AtlICL 1st4s'52.. At Gulf& W1 6s'59. Atl Ref db & Australia 4 Lib 8% 32-47. Lib 1st 4% 32-47 102 24 Lib 4th 4% s 33-38 10321 U S 3s61-55 97 U S33s46- Sa%s MAL-43.. 1031 1064 104! 10; 1023 107 931, 2% ceso a om e RSB e RRBAR o0 56 o 92 80% 39 1001 74% 80% 39 1004 Tah 39 1004 738, Sales. 11 Cent ct tr 45 °53. 111 Cent rf 43 55, 111 Cent 4%3°66 111 Cent 6%5°36.. .. 111 CCStL&N 435, . 111 CCStL&N GsA 111 Steel db 4345 40, Inland St 4%s A'78 Inland St 4335 B'S1 Int Rap Trrf s '66 Int Rap Tr 6s'32.. Int Cement 55 48 Int &G Nad 6552, Int Hydro El 65'¢4, Int Match 5s'41. Int Match 65 *47. Int Mer Mar 65 '41. Int Pap ref Gs A'47. Int Pap 6855 . Int Ry CA 61is Int Tel&T 4%s'39. Int T&T 4%5 '62.. Int T & T 55 '65.... Italy 7s'51 Italy Pub 7s'52 Japanese 51565 Japanese 6% s '54.. Jugosl Bnk 78 '57.. Kan CF S&M 4s'36 Kan C P&L 4%s '61 Kan City Sou 3550, 2 Kan City Sou 58’50 XKan City Ter 45'60. Karstadt 6s'43. ... Kresge Found 6s'36 Kreug & Toll 55'39. Lack Stl Laclede Gas 5 '34.. Laclede 5%s C'03. . Leh Val cn 55 2003, Lig & Myers 5s'51. Loew's 63 '41 Iz Lorillard 5¢ 100% 100 R0% 81% 45% 1% 66% 9 49% 9 9 3% 4519 1815 348, 4y 3813 44 9514 813 53 6 8l 3 523 1011 100% 63 610y 59 b 8% 24 g 521y PHARD TREAD Utilities Take Lead in Re- sumption of Rise—0ils Irregular. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, September 23 —Strong at the outset today, the Curb Exchange increased its initial gains. Trading, however, was much slower than on ‘Thursday. Electric Bond & Share near midday was up about 3 points. American Gas & Electric was up about 2 points. Cities Service was virtually unchanged. Standard Oil of Indiana was a shsde' lower. Aside from encouraging weekly bank- Ing statistics, such as the greater than seasonal contraction in currency circu- lation, the rise of gold reserves and the drop in brokers’ loans, there was little overnight news of financial importance. Moving picture theaters reported higher box office receipts. Automobile produc- tion in September, for the first time since 1925, was higher than in August, thereby going contrary to seasonal trends. Columbia Pictures opened lower, though later it steadied. Earnings for the fiscal year will top $3 a share. Bet- ter grade films are boosting local box office receipts, which accounts for the recent activity in such shares. Some of the rails, such as Pennroad end Pittsburgh & Lake Erie, moved EPTEMBER 99 29, 1932. x excuance | (CURB SHARESFIRM [ N. Y. CURB MARKET Received by Private Wire Stock and Bale— Dividend Rate. Add 00. High. Low. Close. Acetol Prod A T N ‘Acme Wire vtc. 7 12% 9% 10 Aluminum of Amer 400875 T0% 70% Alum Ltd C war. e A g R Alum Ltd D war. 10 L L Am Austin Car, L) Am Beverage. % % Am Cit P&L A 31 31 AmCitlesP& L B. b 6 4 Am Comwlith Pw A % Am Cyanamid B. 54 ‘Am Dept Stores. ... ) Am & For Pw war., Am Founders...... Am Gas & El (31).. Am Investment. ... Am Lt&Tr (2%).. Am Maize Prod (1). Am Maracaibo. . ‘Am St Pb Sve A ‘Am Superpower. Arkansas Nat Gas. Arkansas NtGs A. Ark Nat Gaspf.... As El Ind Ltd k10e. Asso Gas & Eleetric Ass0G& B ADbI%. Assoc G&E pf (5).. Asso Tel Utilities.. Atlas Plywood Atlas Utilities. Atlas Utll war. Bellanca Air vtc... Blue Ridge. Blue Ridge c pfa3.. Brazil TL&P (b8%) Brit Celanese rets. Bwana McKub Corp Canadien Marcont. 1 Carib Syndicate. .. Celanese pf (3%)..100s Celanese 1st pf....100s Cen Pub Serv Del.. C . 19 a Y SR pET PRI SorapaaZnmm O P =& ent St »t (7) 508 Direct to The Star Office. Stocx and Sale— Dividend Rate. Add 00. High. Low. Cl Smith (AO)...... 1508 361 33y SouCalEdpfC13% 1 21 Southern Corpkl0c 1 1% South Nat Gas. ... X, Southw Penn P L 1.1008 32 Stand Cap&S(2.40), 1 22 Stand Ol Ind (1)... 50 23% Stand OIl Ky 1.20.., 4 12% Stand Oil, Ohfo 1%. 1508 25 Stand Pub Sve A 6 1% Starrett Corp pt.... 1% Stutz Motor Car. 14 Swift & Co.. 9% Swift Intl (+4) 19% Swiss Am El pf (6) 50s 41 Tech Hughes (60c) 7 3 Texon O&Land t1% 6 814 Tobacco Prod Del.. 14 % Tobacco Sec Ltd D. 2% Trans Alr Trans 4 Trans Lux DL P S, Tri-Cont Corp wr.. TriplexSGp27 9-10¢ Ungeleider Fin.... Un Amer Utilities.. Un Gas of Canada. United Corp wase gnned Founders. nited Gas. United Gas war s United Gas pf (7) Init LI&Pwr (A).. it Lt & Pwr pf. . nit Shoe Mch 2%. US Elec Pwr ww. . U S Finishing. .... U S Foll B (30¢) U S & Intl 1st pf*. U S Play Card (1) United Stores vtc. Universal Picture: Utah Apex.. Ul P& Lt . 11 Util Pwr&Lt pf(7) 1508 Utllity Equities... 2 Utility & Ina e R B 0 s A B e 8 H FINANCIAL. BANKING SITUATION GREATLY IMPROVED Fail-ures Have Been Sharply Reduced in Recent Weeks. Bond Gain Helps. BY DR. MAX WINKLER. Special Dispatch to The Star. NEW YORK, September 23.—Onme of | the most encouraging developments within recent weeks is the marked de- cline in bank failures in the United | States, C ‘The number of closings in August { has dropped more than 35 per cent be- low July and almost 44 per cent below | ;Junc figures. 1931, last month’s failures represent a Compared with August, shrinkage of about 46 per cent. Improvemen‘ in the banking situa- tion is directly traceable to the appre ciation in the securities market, hotably bonds, which made it possible for financial institutions to dispose of is- sues long dormant, thereby strengthen- |ing very materially their pesitions. It is not unlikely that one of the main reasons for organizing the $100,- 000,000 securities company was to bring about an advance in the so-called scc- ondary bond market, which was prac- tically the sine qua non to arrest steadilv increasing bank failures. Thanks {o the activities of the com- pCaox::;lora::‘l?Onlh:thcon ll;\lcnon Finance fon, this may be saf w been achieved ! e ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On Improved District of Co- lumbia Real Estate Security |} 69th Series of Stock Now Open for Subscription s E. Connelly, President 2a James F. Shes, Secretary " Over 100 Years of Practice HAS PROVEN T HE | P RINCIPLE UPON | WHICH THIS INSTI- | TUTION OPERATES TO BE ONE OF THE | SAFEST A ND MOST CONVENIENT WAYS FOR FAMILIES TO CREATE SAVINGS AND OWN THEIR HOMES. WE WELCOME YOUR INQUIRIES. Open Daily 9 to 5 Saturdays Until Noon WATIONg, PERMANENT BUILDING ASSOCIATION %, D49-9% ST NW. g higher. Safety Car Heating & Lighting climbed to a new peak for the year. Although the radio trade show here has attracted good business from retailers, radio manufacturing shares lagged. Air shares as a group acted somewhat tired after their recent stimulus from the big bookings of foreign orders for various types of planes. It was the oil securities, however, that showed the most informly heavy and irregular tendency in an otherwise firm market during the first three hours. In an attempt to reduce gasoline in- ventories, retail prices in this section have been lowered again. This price revision will result in smaller earnings for the fourth quarter. The oil industry also faces many legislative problems | during the coming months. These in- MEK&T35A : clude increasing efforts to divert “gas” Mo Pac gn 48°75. .. p oy taxes from highway maintenance to Mo Fac 55 F ‘ other expenditures; laws designed to Mo Pac s G '78 regulate motor truck operation, and an Mo Pac 5 H '80. attempt to separate pipe lines from oil e company ownership | A A9 Eureka Pipe Line and Southwest | Mobile-Ohlo 5= '3 Pennsylvania_Pipe Line were weak.| Mont Pow G843 Pure Oil preferred opened down more | Elec P & Lt 24 pf A Mont Tr 1st rf than a point. Northwestern Yeast, |Emp Dist Elec pf.. 2005 = Montevideo s '39. . after a spurt of 16 points late Thurs- | Iurcka Pipe L (4). 200s CHICAGO., Sepember 23 (4).—Wheat | Montevideo 7s 52 | dav. opened off 2 points. Food shares | Federated Metals.. 1 15 eesy: disappointinz action stocks and | Mor&Co 1st 4135'S were rather dull in early afternoon | (new) 2 3 |cotton: hedge sales Chicago. Corn Nastan Fet 4% 51 dealings | Fisk Rub pfnew). 508 easy; continued large country offerings; | Nat Dairy 51 The unexpected improvement in re- Florida P& L pf(7) 76s lower foreign markets. Cattle steady. | Nat Steel 5856 tail sales of automobiles in the latter | Hogs slow, steady to weak. ' 915 F | | | Ford Motor Can A, 3 st D e g s CHICAGO STOCK MARKET I 0 TN srd M Ltd. 3T Dower 46560 of the Ford plants guring that period. CHICAGO. September 23 () —Fol- SAFE 81y 821 90 807 81 90 1llard 7s "44 La & Ark 55 '69. 90 | LouG&Fl5s A 47| I, & N unf 45°40 &1, | Lyons 6s'34 A 6. McKes & R 51:5'50 Manhat Ry cn 4s'90 Market St7s A 40, Marsellle 65°34.... Midvals 15s'36.. Milan 6%s°52. . Ml E Ry&L 63 '61. MSP&SSM cn 4538 MSP&SSM cn bs '38 MSP&SSM 58 gtd'38 MS M58 78, MIC& T Ist 45730, ME&T4sB'6Y. .. MK&T4%s : MK &Tadj 5 maturity in cash and extend the bal- ance. coused a speeding up of this process and raised eleventh-hour hepes that a sufficient denosit may be achieved o cecure the $5.000.000 loan from the R. F. C. necessary to make the cash pavment. Nickle Plate 6s advanced 4 points on the news. The best gains in the rest of the rail- yoad list were in Baltimore & Ohio 41.s. Chicago & Alton 3s. Chicago & Northwestern 43is. St. Paul 5s, Mis- souri-Pacific 55, New York Central re- funding 55 and Western Maryland ds. Canadian Naticnal bonds rose 7% to 115 points. This reflected a supplement to the recent Roval Commission report on Canadian rail s announcing that economies of $25.000.000 had been ef- fected so far this year and that $40,000.000 would be pared off expendi- tures before the vear ended. The buving in the industrials was best | n the better grade cf junior bonds. such | as Dodge Bros, National Dairy Prod- ucts 5!4s, Texas Co. 5s, Sinclair Oil s and American I. G. Chemical 513s Second grade utilities a’so were strong Bargain hunters were active. There was a brisk demand for issues in de- fault. or about to default, in which buyers can see hopes of realizing gocd salvage values, This brought active buying of International Match 5s. both the debentures and the convertibles: of Kreuger & Toll 5s, of Middle West Utili- ties notes and of third grade utility issues, most of which are treded cn| the Curb Exchange United States Government bonds were firm, reflecting continued ease in the monev markets. Municipals held steady. New Yerk City has arranged a $20.000 000 loan from the revolving fund at 5% per cent. Fractional advances occurred in the German list following reports frcm B-rlin and London thet Germany might be induced to rejoin the Disarmament Conference. Japanese issucs were firm. Van Camp Pak p Walzreen Co Walker (H) Watson (J W) Wenden Copper. . .. 4 feterias., Wool Ltd k25 1-5e.. 2 Dividerd rates Australia 58 Australia 5s Austrian Austrian 7s'57. B&O1st4s’48.. B&O4%s'33.. [ I B& O 4%45°60.. e 401y B&O1st5s'48. 91 B&Oref5s'95. 50ty B&Orf5sD 2000 49 B&Orf6sC’I5 5 9 B & O Sw dv §s'50 J Batav Pet 413942 9 9 9214 Belgium 68'55... 99w Belgium 6%s°49. 100% Belgium 75’55 5 Belgium 78'56.... P Bell Tel Pa 55 B'48. Benef Loan 6s "46 Berlin Cy El 6s Berlin | Berlin Ber mun ex 613s 50 Beth Stl pm §s'36. Beth Stlrf 5s'42. Eolivia 75 '69 Bolivia 8547 Bordeaux 6s '3 Bos & Me 53 '67 Brazil 6148 '26- Brazil 61382 . Brazil Ts CR%2.... Bklyn Ed ‘49.. Biyn Elev 6i4s.., 3 Bklyn Man 65 A '68 86 851, 8514 Bklyn Un Gas 58'30 100% Bklyn U Gas 5s'57. 104 l Budapest 6s 62 2 Buenos A R 6s Buff Gen El 415'81 BR&Pitts 4348’67 Bush T Bldg 5s5'60. Canada 4560 Canada 4%s"36. Canada 5s '52 414551 ty 434556 v 414557 Nat4;s'68.. R Sy, 2 by North American News- Pervision v 15 T Alliance, Inc.) ~ e pepe dlane Dl e T S L Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr,, Secretary lities Service pf... 1 “itles Service(BB) 20s “olon Ol e Col Ol & Gas vic ColG&E Columbia Pictures. Colombla Synd. . ‘ Comwlth & Sou war Comstock Tunnel. . M Coctfs. . Cons Gas Balt 3.60. Cont Chi Cord Corp. Creole Petroieum. . Crocker Wheeler Crown Cork Intl A. Deere & Co. De Forest Radio. Duke Pow (5)..... 125 ast G & Fuel Asso isler z 51 Bd & Share b6 % El Bd & Share pf 6. 31 B & Share pf 5. ¢ Pwr As(A)60c Elec P & L op war. « « Cities Service 99 « « « 2% 24| 9% 9% 9%| in d o avarterly o SemiCaitua)” pament EX Glyidend. fPartly extra. :Plus 4% in stock. aPayrble 1o cash or itock. = b Payable in | stock. e Acjustment dividend. {Plus 5% in"stock. # Plus 6% in stock. hPius 1% in stock. jPlus 2% fa stock. k Plus 10% in stock. m Plus 3% in stock. n Plus 8% in stock. b Paid last year—no regular rate. Assets...........n...$6,237.76231 Subscriptions for the 103rd Issue of Stock Being Received - SYSTEMATIC SAVING SPELLS SUCCESS The secret of saving is to adopt a systematic plan—then stick to it. The Equitable’s plan teaches Markets at a Glance NEW YORK, September 23 (#).— Stocks strong; rails lead quiet uptur Bends firm; rails rleI)quurb e some utilities strong. Foreign exchanges firm; Prench franc improves. Cotton | lower: :ocal selling; lower cables. Sugar | quiet: awating developments in spot market. Coffee steady; foreign buying. | 106 19 1250 Per Share you how to ults. save to get greatest res Come in and Let Us Explain 100% 58% T0% &5% 99 99% 708 85 983 9915 88Y% 88 88 88 £ 88 874" 88 9015 9014 9374 941, b | Franklin Mfg NOT&M5%B 54, caused the steppind up of September | Franklin Mfg pf. Nw S Wales § automotive output. Operations next | General Aviation.. Nw § Wales 53 month will be governed by sales this|Gen El Ltd 202 NYC314s9 month, but the industry generally is|Gen ub Service pt C N Y Cent 4598 somewhat more optimistic than the | teta Pw nt (6) lowing is the complete official list of N Y Cent ab 4s '34. tape action of the motors today sug- | Goldfield Consol.., ‘S»“nf ons in stocks on the Chicago YCrf4%s2013. 6 gests Goldman Sachs Stock Exchange today: YCrf41;s2013n New Jersey Zinc declined a point on | Grt A&PT n-v 16 Sajes STOCKS NYCrf5s2013. 3 the first few trades. The price of zinc, | Gt A & P’ Tea pf ( s e N Y Cent db 14 however, remains unchanged at 3.25 Nor P lgn Asoc Tel Util P 3 0 Asoc Tel U Gulf Oil of Pa. 8630 Beneit Av 370 Binks Mfg . 0 B FR ST LET YOUR MONEY WORK FOR YOU NYCLS3%s'98. .. 1 cents a poungi The M}(}wesl Refining | Co. has calied a special shareholders | ;ramiiton Gas meeting October 27 for the PUrpose of | 11apminees Cands. . selling its assets to Standard Oil of In- | Jiytson Ba diana and the Standolind Oil & Gas Co. | 1iydro lec Secur Indiana Standard now owns 9996-100 | ;- .\ = % of Midwest refining. ol Insurance Sec. NYC&SIL 413578, 24 NYC&StLG1:SA'T4 18 NYC&StL 15t 6332176 N Y Edison fs B'44 5 N Y Edison5sC'51 4 10234 | NY Edrf 615841, 3 NY EL H&P 4549, 10 NY EL H&P G548, NY NH&H 45 NY NH&IL4s NY NH&H 4%s NY O&W gn 4s . NY Rys Inc 68 '65. . N Y Tel 2n 414539 NY W&B 4% s'46. . Washington Stock Exchange! K SALES. “Lington Gas 65 —$100 at 99. ! s1 at 99 getown Gas $1.000 at 101. $1.000 101, $1,000 at 101, $1,000 at 101, ! 51,000 101. ictice—Eeginning Monday. Septem- 26, the Exchange will meet at 11:15 ad cof 10:15. Bid and Asked Prices. BONDS. PUBLIC UTILITY. 94y 9814 103 102: Can Nor db 6% “ent Pub Ser A Can Nor deb 7s '40. Can Pacdb 4 Can Pac 5544 ctts. n Pac 58 ‘54 Cent Ga cn fis Cent 111 E&G §s Cent Pac 1st 4549, Cent Pac 5s '60 Cert-td db Ches Corp 5s C & O con 5539 CB&QEgn CB&Qrtss Chi & Est 111 Chi Grt West 4s" i Tnast. fn 6 & Ch1 Ind&L. gn 65" Sigr 88000 _|CM&StPenas80. e , ‘izio|Chi M & StP 4125 C apit ction 3 . Sy ra " ity & Suburban 5s.......... C M StP&P s setown Gas st 88 .11l CM&StPadi5 Flec’ “Cons. 5. CRIENW 4155C e o Chi & NW 4% 549 281 ChI&NW rf 532037 2 Alex. & Mt. Ver ‘ctf. Washington Gas 4'.s... | Chi& NW 61,836, 6 &P gn 45 88, ‘Washington Gas 5 Wash Chl RI&P rf 4s'34. ChiR 143560 CTH&SE 1st 55 '60. CTH&SE in 55 '60 Chi Un St 5544 . Chi Un Sta &s B'63. C& W Inden4s' C& W Ind 5%s'62 Childs deb 63 43 Chile 6s°60. .. Chile 661, .. Chile 6s'61 Jan. Chile 65 '61 Sept Chile 6363 Chile 7s "42 .. Chile Cop db 55 '47. Chile Mtg Bk 65 '61 Chl Mtg Bk 6 2 Chin GVtRy 55 '51. Cin Un Trm 58 2020 CCC&St L 415sE 17 Clev Term 4728 " Cologne 6128 You are putting it to profitable employment when you make in- vestment in cur 61,9 FIRST MORTGAGES W 2800 Cont 100 C 2900 C: 100 ¢ camenSodanBm It is safe employment, for the principal is secured by morteage on conservatively appraised First mortgages: and it is profitable em- ployment because this generous in- terest doesn't change throughout entire period for which these loans are made. Ozverea Third Kaumburg of a Century Without @ Loss rth Am Co Nor Am Ed 8 C & Tel . Nor Am 415 739 123 100 61% Rty 6 200 Kellog 450 Libby-A1 100 Linds 50 Lynch Corp 2500 Marsholl P 50 Mickelberry's 3900 1114 Wenr Ut 100 Midland United |2 Nor O T& L 684 Nor Pacgn? Nor Pac 4s'97. Nor Pac 4155 204 Nor Pac 55 D 204 48 56 14 d Fd Int Safety CHICAGO, September 23 —Selling | /TVin Air Ch(40c). 5 | ont previous gains. | Kolster-Br Am sh. Argentina’s wheat area was unofficially |y " | yesterday's finish: corn also. *4-T2 down: | X114 WYy pe m xw to an " Iutercont Pete. Grain Market Int Uti] k Interst. : . Air Ch war here against purchasing in other | jajis : markets tumbled Chicago wheat. prices | 112!12" Suverpw A. Export demand for North American | Lake s wheat was less active, new business | Lone Star G bédc estimated at 2,000,000 acres in excess | i bE 1ot 50 Mass Util A L . Mavis Bottlin 0a 1, off to & up., and provisions | yi "o > i s % o | Mo Kans Pipe L. unchanged to 5 cents lower. Moh Hud P 1st pt Int Petrol (1) By the Associated Press. Interst Pw Del pf 7 10s back late today. and more than wiped | Jonas & totaling but 300,000 to 400,000 bushels. | J.ong I L em pt B 6. heat closed unsettled, under |yt e Pt vt A WHEA AT 2d pt 0o s Inzestor. 50s 83 5 5% 24 24 258 100 4% o1, Low Close 0% STt May be purchased in from $230 up. B. F. SAUL CO. National 2100 925 15th St. N.W. | Nat Bellas Hess. .. 2o i Nat Dairy pf A (7). Sl Nat Investors..... 2 Nat Invest war 5 at 1 r. 2 atService....... B ing Pw pf (6) 40s 49 ew Jersey Zinc2. 2 83% Newmont Mining.. 8 20 N Y Merchandist 1. 9 tag Hud Pwr 1.20. 16% Niag Hud (A) wars 1% fag Sh Md B b3%. 8% ipissing : 1% ttrate ( % orth Europ Oil. A ISCELLANEOUS. Barber & Ross. Inc.. 6'25.. h ‘ Glievy Ohase Club 318, orway 65 '44..... o D, Norway 6s'52..... lumbia Country Club 5'zs.... C. Paper Mfg 65 A Wash. Mkt. Cold Storage 5s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel_(9) Qapital Traction Co... Wash. Gas_Light Co. (i8] & Wash. Simbt. (12 t Power 6. pid Potomac Elec. Pow. 5'57. pld Wash Rwy. & Elec. com IWash. Rwy. & Elec. pfd The following fizgures are not bl “merely represent_m m prices the Was! hange. NATIONAL BANK. ) Car & Car % J S Gypsum 300U 8 Rad & Tel ... Radio Ead e e GSan- =5 Orient Dev 6s '63.., Pac G&F 5142 | Pac T&T rt Pan Am Pet 6; . Paramount 6347 Param-Pub Paris Or Penn sta 4s 48 Penn cn 4%s 60 Penn gn4ss ‘65, Penn 4%s D '70 Penn 43563 64 Decex May . 9y 108 . 103 05 91 POTATO M. CHICAGO. September 23 (#) (United States Department of Agriculture) — Potatoes, 96; on track, 265 car: orthw Yeast (12). United States shipments, 536: Novadel Agne (4).. trading slow; sacked per cwt.: Wiscon- | onio Copper. sin cobblers. 65a70; . 50.000 shéres. BONDS, 5000 Cons El & G 65 1937 1 Util 6s 1940 les today. $31.000. N P a2, THERE 1S NO SUBSTITUTE FOR SAFETY S o~ @S 88 ‘unclnssmed. 60: | Oflstocks Ltd Jowa cobblers, few sales 70: Minnesota 3 copblers, Hoilandale ~ section, mostly | 1a¢ GRS PE 1% 671%: Minnesota early Ohlos, 608621%; | Laciic LIKRLDL (6) Idaho russets, 1.20a1.30. e — - | Paramount Motors Penroad Corp. Penn P & L pf( Min. apital (14) oiumbia (12} . @emmercial (stamped) (6) District . erae Fed.-Amer. Natl. Bk. & Tr. (2).. . Dbt Colomb 6561 Jan. % {tan" (i A > Colomb €s 61 Oct e 2 Colon Ol 628 . Becond _(9¢) Colo & Sou 41433 Washington ol Gantl a6 Com Inves 58" Cons 1d rf 5s Con G NY 428 . Con G NY 5%5"45. Con Pwr Jap 6% Consum Pow 5 Copenhag 43 Copenhag 58 Cuba 5%8°45. Cuba R R 1st 5352 Cuba R R 65 '36. . Cuba Nor 53542, Del&Hud ref 4s 43 Denmark 4145 '62. Denmark 5%s '55. Denmark 6s 42 Denver Gas 58 D& R Gren 4s°36. D&RG W 58 55.. D&RG W Det Ed 4%s D6 edical Bldg. Corp. (6)... Det Eq n rf 6549 B Radlsee e Deutsche Bk 6833, r romo-Selz “A" ( . Frderal Storaze pid .. ... DodgsErcs SSI40L Fed-Am. Co. com. (60c).. A 3 Fed.Am* Co_bid. (6) e Tanston Monotype (6) Dt Newties et East C Sug 114837, Mer. Tr. & Stge com . Mer. Tr & Stge. pld El Salvador 8s 48 96 enthaler Linotype (160). 1875 Natl Mtge. & Inv. ptd_ (6) Peoples Drug Stores bid. (611} Erieref §8°75.. Finland 5%s'58... Real Est. M. & G. pfd. () Becurity Storage (5%) 35S 7 & Wi @ Finland 6%s 56 Fisk Rub 88’41, Tor R h Corn. The Carpel Corp. (2) W, Mech. Mtge. com. (8) Wash. Med. Bldz. Corp. (7) Woodward & Lothrop com. (1.20) Woodward & Lothrop »fd. (1) B LRI 3 French Gv 7%s "41. Gen Baking 5%5'40 Gen Cable %8 '47. *Ex dividend, bBooks closed. n25c extra. Gen Motors 6s '37.. 10 Gen Th Eq 6s’ 1 Ger Cent Bk Pean P&L 4135 '81. Peop Gasref 5 Pere M 1st 55 Peru 6s°'60. 3 Peru 6s°61.... 1 T = F}:::; {[-?v‘oc S Having kept a c;nsus of lhorses sl’%ce * 7 5 the World War, the British war office’ &L} . Piila & Read 6349 ¢ e Mart one of automobiles. Penn W & Pw (3).. Pillsb F M 6543 e |PEiMonlammel, Poland 734 = 7 — | Phoenix Secur Corp Poland 85 '50. Sales. High Low.Closs | Phoenix Secur pf.. Port Gn E141 Sou Ry M&O 4s'38. 1 33%; 3315 | Pllot Radio Tube A Por R Am T 6542, St Oil'N J 5846 61 104 103 104 | Ploneer Gold (12¢). Pos Tel & C 55 '63.. StOINY4%s'61. 7 96% 9614 | Pittsbgh&LE(215). Prussia 6s ‘52 Sweden 5% ‘54 94 94 | Pitts Plate Gls (1). Prussia 6% '51. Swiss 5148 46 104% 104% | Plymouth Of1 (1) Pub Sv G 4%s'67.. 10 s i 45 |PubUtIHdxw., Pub Sv G 4145 °'70.. 11 101% 101% Tatwan E P 5158171 e 4oy, | Pub Utl Hid e pf.., Public Serv 4s'71.. 15 9419 94 9 Tenn Cop 6s B"44.. 0 2% | Puget Sd PEL pf 5. Pure O115%8°37... 3 3 :OHH\EL{‘I‘“ A,“"’* et | Pure Ol pf (6).... p s er As S 544 ¢ 4 - Pure Ol1534s°40... 10 78 L 5% | Quaker Oats (17).. Queensland 7s*41.. 19 95 Tex & Pac 65 B'11. 53 | R R Shares Corp... % sAUTww 6 Tex & P 55 C'T 52 | Reliance Int B. emmebes T 10 % Third Av rf 4560 45 | Republic Gas 4 Rhine Ruhr 65°53. 10 391 Third Av adj 58 60 271 | Richmond Rad ¢ pf Rhine West 65°53. 27 5% | ‘Tob P NJ 615 2022 Rhine W 68'55.... 2 Tokjo 5%861. .. afe . 1758 3 Rich Ofl Cal 6544, 6 Tokio EI Lt 6353 SRtesCATH AL e 2 Gr Do Sul 65 UE&P 15t 5%s A'S4 St Regls Paper pf. . Rio de Jan 6%s '53. Un Pac 1st 43 '47.. Salt Creek Prod (1) Rio.Gr W clt 4s°49. Un Pac 48'68.... Selected Industries RIAr&L4%s'34. 10 43 Un Pac rf 4s 2008 Sel Ind all cfs(5%) Rome 61£8°62..... 4 80 Un P 1st rf 55 2008. Shenandoah Corp. . Royal Dutch 4s°45. 24 864 Unit Drug 58 '53... Shenandoah pf. . Rumania 78'59.... 3 41% Ytd King 5%s 37 Sherwin Wms (2).. StL IM R&G 4833, 2 5T% Silica Gelct....... U S Rubber 53 ’477. St L&SF 4s A '50 5 15% Un SI\VS‘,I,SA'O . StL&SF4%s'78. 42 131 Un St W 6148 A'51. St L&SF 5s B'50.. 23 16 UAa St W 61%sC 51, St L 3 Uruguay 6560 StP&KCSL 4155'41 Uruguay 6 64. StPUn Dl‘p;’:;"! Util Pw 5559 ww. San A & AP 4s'43. Util Pow 5%s 47.. Sao Pau 7540 Vanmadium St 6s'41. xon P W 6% S Vienna 6s '52. Seab AL4s st ct’50. Va EI&Pwr 5% Seab A L adj 5549 Va Ry 1st 5s A 62. Sea All Fla 65 B'35 Va Ry & Pw 65 '34.. Sea All Fla 6sA '35, 1 3 > = Wabash 1st 53'39.. S Crsise ez, 171 36 Wabash 2 55°39. Shell U Of15s’47.. 33 83 ;}“L’“K e Shell UO 6s'49ww. 37 84 o .b::hb%!"ls‘ Ger Gen Elec 6548 4 Sinc Ol 6%sB'38. 294 Wara Br Plc 65°39. Ger Gov %8 '65...265 SincOIl TSA'37... 4 96% e e | German 6345 '50 3 Sinc CrO5%s'3s.. 3 103 Ll A German Rep 78 "49.119 Skelly Ol 5%s'39. 6 73 e i GoodHopeS&l 7845 2 Sofssons 6136, 9 1013 N a1 Goodrich 6s°45.... 18 Sou Bell T&T 5841 17 104 I U Goodyr Rub b8 12 SW Bell T 55 A '54. 13 105 T e 7 Grand Trunk 6 ¢ Sou Pac col 4349.. 6 60 Ll Grand Trunk 78'40. 16 Sou Pac rf 45 '55.. 24 Kl e Rt sase: Dis Grt Nor 4% E'77. 10 Sou Pac 414s'68... 14 59% Westphalia 68 53 .. Akl e Grt Nor gn 13 8114 Sou P 4%s'69 ww. 18 59 b e o ital I Hudson Coal & |Sou Pac 434881, .. 16 Wil-0 18t 6%8°33. . ek Hud & M ] 6 Bou PAGr 438 4177 18 Wil & Co 1st §8°41. ud & M rf 6867 | 8ou Ry gn 48 A'56... Wis CentTm 4536, 1 = Sou Ry 5894 s Sou Ry gn 6875 Yestn SAT 5s A 111 Bell Tell 65 105 1043 104% Sou Ry 6%8'56.... 6 45% Ygstn S&T 6 B e aanEharDonmaa-Bame s NO. 54 of a Series of Reasons why—when selecting a bank—the Columbia DOLLAR GROWS to TWO ...AND TWO to FOUR as the HABIT of a Columbia National Savings Account Be- gins to Grow on You. @ TRUST C! Amer. Sec. & Tr. Co. (15 Natl. Say. & Tr. (12 Prince Georges Bk. & Tr Union Trust (8s).. : Wash. Loan & Tr. (14).... SAVINGS BANK. Bank of Bethesda (6f).... Com. & Savings (10).. East Washington (12).. Potomac (10).... 2 Sec. Sav. & Com Bk. (10y) ... Seventh Street (6).. United States (30) ... Wash Mechanics (20) FIRE INSURANCE. American (12).. 5 Corcoran (10 Firemen's (8)... i National Unicn (18). TITLE INSURANCE. Columbia (6h) Hre 5 Real Estate (61) : ‘MISCELLANEOUS. National 6 26 51525 08 Perhaps the first, the second and even the third deposit may be diffi- cult, but when you begin to realize the benefits of thrift, the pleasure and satisfaction of your pay-day trip to the Calumbia National be- com a matter of pride . SAFEGUARD to your future suc- cess and wellbeing. Open your account this month . .. your sav- ings earn FRANK J. STRYKER. President ENGAGE A COLUMBIA NA- TIONAL SAFE DEPOSIT BOX to keep your valuables SAFE —all sizes for all requirements $3.50 a Year up CONVENIENT HOURS .f to 3—Saturdays till 12 O’Clock Market Averages By the Associated Press. 2 m STOCKS. - Today ...... Previous day . Week ago Month ago . T80 exira. 8177 extra el extra. Unlisted Department. BONDS. .. R0 on et ety Sie 1932, High, 1931 Low, 1931 High, 1930 Low. 1030 Ger Cen Bk 65600 44 Ger Cen Bk 7s'60.. 13 g8 Minimum price. 91 Sesuas Army-Nayy Club 5s... Cosmos Club_4'2s : st 55 8 & = 9 NO R nn o ReRN i oame e Commercial_Club Mayflower Hotel 6s Metropolitan Club 4lzs.... ... Natjonal Press Bullding 1st 5'zs. Washington Sub. 5%aS..... STOCKS. Aracostia Bank... Chapin Sacks 8% pfd. Connecticut Pie Co. Chr. Heurich Brewers. v rict Title Insurance Co.. SaSageSearead ammoon Today Previou Week Month ago . Year ago ... Two vears ago. Three years ago. 22223333 eaguIeeIsana; ol bn e @ Y aleigh Hotel Y , Washington Savi: Low. 1930 hington Title ln‘nun Ball Club. hington B 3 ocridse Langdon Savings Baok. 3 uR Powaarmse (Copyright. 1932, Standard Statistics Co.)