Evening Star Newspaper, September 27, 1932, Page 15

FINAN JONOR RAL BOND | MARKET INPROVES| NCIAL. High. Lib 333247, Libist4%s Better Earnings Reports of Carriers Are Refiected in Higher Prices. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, September 27.—After hesitating at the opening today the Bond Market recovered and exhibited a firm tone. Trading at no time reached active Propomom ast hour's selling of stocks Mon- had reverberations in todav's in- vestment market, particularly in the speculative groups, but after the open- ing accumulation of orders had been satisfled and stocks also firmed, bonds recovered their opening losses and in many cases went to small nst advances. | Tie junior Bond Market has for days | Am T&% P cxhibited a tendency to await further | 4™ T A improvement in business before push-[AM Wat Wks ing ahead. To some degree this was,Am Wat 'k forthcoming today in the shlve of be{-,:’r":(n:‘naf,:“‘.‘:. ter rallroad earnings’ = prices prevalied, therefore, in bonds | ATgeat 65 61 May: Argentine 6s'59 Ju like Erie Refunding 5s, Alleghany Cor- el poration s, Nickel Plate 4ls, Pere|Argentine 6sA 57, Marquette 5s, Missouri Pacific 5, Chi-{Argentine 63 B T8. cago & Northwestern 4345, and other | Arm & Co 4% Junior carriers. Arm Del 51843, Industrials lagged behind for the | Atchls 45190 most part. though there were small|Atchisongn gains in Youngstown Sheet & Tube 55.; Atchiton 4t Tobacco Products of New Jersey 6'.5,) At @ (' W1 5’ Bush Terminal 55 and a few ofl com- | At} Gulf& W1 5w, pany bonds. Junior utilities like Inter-1 10 R natfonal Telephone 55 and American & | Australia Foreign Power 5s were little changsd. | Prime corporation bonds were firm | and clese to their best prices of the; vear. Unite] States Government bonde, Teflecting a:w ‘her record high price for the Treasurgy last issue of 91-day bills, rose 1-32 {9 B-32 into new high ground for the year, The imminence of a test of the Government long-term market by the issue of about $250.000.000 in 10 to 20 year 334s or 4°ss was evident in the active demand for the low- coupon issues still selling at a discount. ‘These, it is believed, will to par if the market is spruced up to receive the new fi-ancing next month. Canada found a ready market for $60,000,000 < one-year 4s, offered and immediately .versubscribed here tocay. In a free :.arket the bonds were par bid, 100'¢ esked, shortly after the of- fering, which was at par. The Cana- dian government has shortly to meei & $40,000,000 maiurity here, and the ad- ditional $20,000,000 was needed to meet bank loans. The report to short-term financing was regarded as natural in the circumstances, as there is every reason to believe that the Canadian dollar will return to par in the year ahead. Municipal bonds were firm today without any particular activity. There are plenty of bic: in this market, but very few bonds mnlnble U S3851-55..0uee U S3%s46-4 US3% J40-43 U S 33 43-47 US3% 46-56.. US4S44-54..., US4%84T-52. Abitibl PAP 65’63 Ab& Sthlps’'43... Adams Exp 4s Alleghany Cp 5'44. Alleghany 58°49... Alleghany 58 ‘50 Allis-Chalm 5s'37. Am Chain db 6533 AmF P5s2030.... Am 1GChBs'49. Am Metal 5834, Am Sm&Ref 58°47. Am T&T 4%s 39 Am T&T e tr5s Austrian 7s '4. Austrian 7s ‘57 Belgium 6145 49 Belgium 7s '55 Belzium 7s '56 Bell Tel a §s Bell Tell Pa 55 C" Berlin C E1 634559, Ber mun ex 6% s 50 Beth St pm 55 '36. Beth Stirf is'43 Bolivia 78’69 Bolivia 88'47. . Brazil 6143 Brazil 614s '2 Brazil 8s'41. Bklyn Ed 5s Bklyn Man 6s A EKlyn Un Ga Bklyn U Gas bs Buenos A R 68 Buff Gen El 414 5'81 BR& Pitts 415857 Bush Ter con 5855 Bush T Bldg 55'60, Washington Stock Exchangci SALES. Washington Gas 55—$1.000 at 1007, . Washirgton Market Co. 5s—$1, 000 at 9134, $1,000 at 917, Capital Traction Co. 1,000 at 50. Washmuml Ges 6s “A"—8$1,000 at 99! Capital T ~ction Co—2 at 6. 12 at 6 \Vnshmglcn Cas 6s “B"—$200 at 101! " ISTED DEPT. Chnpin-sackx 8% pfd—5 at 105, 5 at 105. “an Nt 4lkn e Can Nat Ry 4% 5 55 Bid and /2 :ked Prices. BONDS Can Nor deb 78 40, Can Pac db 4 Can Pac 4148 '60 Can Fac 55 ‘64. PUBLIC UTILITY. Amer_ Tel & Tel. 4':s 39 Cent Pac 15t 48 *49. Cen Ry NJ gn 5587 Capital Traction Cert-td db b1 s * City & Suburban 3s... : %S48, Wash. Alex. & i, Ver, ¢it. Washington Gas 413s.... Washington : CR&Qrf5n u s Ay .- 893 | c&Q T av 3 Y Ll cB&QINnay MISCELLANEGUS. Ross, Inc., 6 Wash. Rey Barber & Chevy C.me Club .- 10115 1 7 102 24 Lib 4th u«-u -38 108 24 10319 10323 96 31 98 10 u 1 1 1 High. Low. Clos 20 10614 1011, 104 UNITED STATES. (Sales are 1n 31.000.) Low. Olose. 0112 10112 02 22 102 24 9630 9630 986 986 US3%sM 41-43, 10028 10028 10028 10031 1 00 26 100 26 00 22 100 22 0219 10219 04 25 104 25 08 20 108 22 Am 8813 63 30 v 1001y 106'% ) 20 105% 86 1064 101% 104 32 102 591 58 3 /6% 987y 993, 88% 8819 105% 86 106% 10115 1 673 86 10374 | A Hud& llludh 111 Bell Tell 5 111 Cent et tr 43 '62. 111 Cent rf 65 1N Cent 4% 9°68,., 111 CCBtLEN 4% T1) CCStL&N SsA 111 Stee) db 43| Inland St 4138 A Inland 8t 41;s B Int Rap Tr rf is int Rap Tr 6s Int Rap Tr 78 °'32. Int Cement 68 ‘48, Int& Gt N 55 B '56. Int & G N ad 6s '5: Int Hydro El 6s°44. Int Match 6341 Int Mateh § Int Tel&T ¢%s 39, Int T&T4%s 52, Int T & T 58'55. italy 7s 81 italy Pub 7s Jugosl Bnk Kan C P&L 4%= 61 Kan C F B&M 45’36 Kan City Sou & Kresge Found 6s'3¢ Kreug & Toll 58’59, TLaclede Gan §3°34., Laclede 5% D Lake Shore 313 8'97 Lautaro Nit 63 ‘64, Lig & Myers b 'a1. Lix& svers 1a Lou G & E1 63 A'52, McKes & R 5%8'50. Manhat Ry cn 4 Market St 7s A " Mex 48 ast 1904-5 Mex Midvale Stl Ml E Ry&L Mil E Ry&L 5 . MSP&SSM cn 4338 MBP&SSM cn 5s°38 MK & T 15t 45 MEK&TisA'S Mo P’ac gn 4s'7 Mo PacrfGs A " Mo Pac is F ‘77 Mo Pac 5sG'78 Mont Pow 53 Nat Dairy 5% 548 t Steel 53°'56 ing T 1st 5 '82. er 46s°60. )w! \\nles 5 N Y Crfats 20130 N YCrf5s2013. N Y Cent db 63 * N Y Edison 5s B'44 N Y Edison 5s C'51 NYEdrf6ls'41. EL H&P 48°49, NY EL H&P 5s'48. NY NH&H 43’51, NY NH&H 4%s NY NH&H clt 6s'40 NY NH&H 65°43. NY O%W gn s 'S5, NY O&W rt 45°92.. 46 Nia Sh M 54850, Norf Sou ref 5s '61. Norf&Wn div 4s" “ Nor Pac 1882041 Nor St Pw s A "41. Norway b8 '63. Norway 5% ast 1910- 4.. l|l 36 FR e oannemano~o .- o ® B SYAR. Low. Close. 56% 87 102 106 1015 624 581y 8815 893 | Treasury Will WASHINGTON, ACCOUNT TO GROW Soon Offer New Issues for Many Millions. BY CHAS. P. SHAEFFER, Associated Press Business Writer. Government financing is expected to reach a new peacetime peak during the next 15 months. While is is nothing short of conjec- tural to estimate at this time the prob- able extent of loans which will be sought, obligations which will fall due and pledges for funds which have been many millions of dolla.s. A total of $3,746,365,000 in Govern- ment securities is scheduled to fall duz for payment during the next calendar yeas, consisting of $600,446.000 in nrctes, $2,497,852,000 in certificates of indebt- edness, and $648,067,000 in bills. In ad- dition, there is $8,201,314,000 in bonds which may be called duriag that time, although this possibility is extremely remote. The Reconstruction Finance Corpor- ation is entitled to $2.500,000,000, which it has not yet called in. Financial experts of the Government, speaking privately, except the need for Federal relief ol the icle next year, will b2 many times more than the $300.- 000,000 provided in the relief act. Some sources place the estimated need at as | high us $1,000.000,000. Returns to the Government thus far made in the present fiscal year indi- cate the budget lacks substantially of being balanced. While the new taxes have yet to show their full yield, it is believed that many millions of dollars will have to be called for by the Gov- ernment to meet the deficiency between now and the first of next July. The budget on September 23 was out of bal- ance to the extent of $392,000,000. ‘The railroads loom as another possible drain on Government funds during the next 15 months if receiverships are to b2 averted. The carriers on their pres- ent scale of income are earning only about 25 per cent of fixed charges, while refunding operations of the roads in 1933 will amount to roughly $500.000,000. It is believed in Washington that pos- sibly a major portion cf this new money will be supplied through the medium of public funds. New York Cotton Special Dispatch to The Star. NEW YORK. September 27.—Cotton prices declined 2 to 7 points at the opening of the market today. Trade buyers bought on a scale down but commissicn house offering and hedges mor> than offset this buying. Opening prices wer2: October, 7.27 off 7: December. 741 off 7: January 7.49 Off 3; March, 7.55 off 5; May, 7.63 off 5, and July 7.74 off 2. Grain Market By the Associated Press. CHICAGO. September 27.—Down- turns in grain values took place early today as a result of scattered selling | which found the market without ag- gressive support. Corn touched a new bottem price record for the season. Opening 1423 lower, wheat contin- ued to s2g. Corn also started laay off and later held near the initial limits. Bears in the grain pits emphasized the setbacks of securities and of cotton that preceded weakness cf cereals. Ad- verse action of sterling exchange was also an unsettling influence. Besides, Wet weather conditions cver domestic ‘Winter wheat territory were construed as likewise against the buying side of wheat. A gradual decline of about 1 cent & bushel in the value of wheat ensued, D. made already will run the amount into{ ., TUESDAY, I | N LIGHT TRADING Market Shows Signs of Re- i covery at Midday—Utility List Irregular. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, September 27.—After opanlu lower tcday, stocks on the Curb Exchange steadied sround =midday, dealings remain though ed Electric !ond & Bhare was lw frac- tionally, al with American Gas & Hlectrie; bu was virtual- 11y unchangad. En | et ot e s et SCihel Pt AT OB P ERLOK ster an oumandln' Omiseion scme of the preferred dividends by Associated Gas & Electric Co. caused softness in that group. Strength of American Gas & Electric followed publication of earnings of $2.69 a share for the 12 months ended August 31, against $4.01 a share in the previous year. Lefcourt Realty Corporation common and preferred stocks in recent sessions had forecast the omission of dividend action today. Creole Petroleum was & trifie more active following Venezuelan advices stating that August oll output of 1,092,616 barrels contrasted with 698,396 in the same month a year ago. Red metal shares remained singularly unaffected by the news. Copper range reported 1,000,000-pound monthly pro- duction and thdt it had marketed 10,- 000,000 pounds of copper, but none of this yeer's metal production thus far has been zold. United Verde extension mining sold 3,000,000 pounds of to a Prench fabricator, but neither item nor reported big purchases by elec- trical equipment manufacturers had any effect on copper issues. Newmont Mining, whose portfolio consists chiefly of oil and mining shares, felt the reaction of both groups in the first few hours of trading. Aluminum Co of America was inclined to move up- during this period. Safety Car Hemn. & Lighting retraced a portion of the ground yielded Monday. Reduction of ogmune prices by Standard Oil of Ohlo was regarded as just another bit of evidence of & gen- erally weakened price structure in the trade, so the stock did not turn active on the announcement. Pipe lines lagged. Typical of the movement in food shares in the early afternoon was the decline of Grezt Atlantic & Pacific Tea. Swift International and Swift & Co. eased. Rallway Light & Securities was up & couple of points, but other invest- ment trusts were without much change, with dealings in them few and far be- tween. American Cynamid B firmed somewhat. Deere & Co. receded with wheat quotations. PARIS BOURSE PRICES. PARIS, September 27 (#).—Three per cent rentes, 83 francs 90 centimes. Five per cent loan, 100 francs 82 centimes Excherge on London 88 frencs 19 centimes. The dollar was quoted at 25 francs 533 centimes. —— Business Fullnrel NEW YORK, September 27 ().— | Business failures in the past week. as reported by Dun's, totaled 529, com- pared with 515 in the preceding weel During July and August the insolvency rate ran above 600 weckly. BONDS ON THE CURB Salesin DOMESTIC BONDS. High 7 83 ama. 2 Alabama_Pow 3 Aluminum Co 5s SEPT EMBER 27, 1932. FINANCIAL. Received by Private Wire Direct to The Star Office. Stock and Sale— Dividend Rate, Add 00. High, lumisum of Amer500s Alum Co Am pf (3) Am Capital A. Am Cit PEL A (23) AmCitlesP&LB.. » Am Maize Prod (1). Am Maracaibo. . Am Buperpower Am Ut&G B vte. .. Anchor Pcst Fence. ArkansasNtGs A. Asso Gas & Electrie A520 Gas & E war.. ASOG&EAD%. Assp Laundries. Atlantic Sec Corp. Atlas Utilities, Atlas Uti] war Aviation Securities Benef Ind Loan 1% Blue Ridge. Brazil TL&P (b8 %) Brill A Bril B Cable Radio T vtc.. Canadirn Mareont, Celanese 15t pt. Cen Pub Berv Del. Cont Pub Svc A. Cent States Elec Citles Servic Cities Service pt. Ciaude Neon Inc. Cleve Tractos (‘MG&chpf (5, 60, Columbia Pictures. Comv Ith Edis (5).. Comwith & Sou w: Comstock Tunnel. Cons Gas Balt 3.60. * » POTTOOTOTOTINTE~ 1O JITOTE O UL, P ey I erory Srae B 9 RPN I Ll Lt Crown Cent Pel Deere & Co De Forest Dow Chemical ( Duval Tex Sulphur. Eisler Elec Corp. .. KL Bd & Share b§% Kl Bd & Shace pf 6. K1 Bd & Share pf 5. Elec Pwr As(A)§0c Emp Dist Elec pf.. rchild Aviation. “isk Rubber (new) Fisk Rub pfinew). Fajardo Sugar. Ford Motor Can A. Ford Motor France Ford M Lud.. Foundation For Sh. Frankiin Mfg.. General Aviation. Gen G&Ecv pfB hé. Gen Pub Service pt Gen Theat Eq cv pf Globe Under (k20c) Goldman Sachs. . Grt A&PT n-v 16 Greif Bros Coop A. 100s Groc Strs Prd vie. . Gulf Otl of Pa.. Happiness Candy Hudson Bay Min. . 1P &L Dt (6). ...100 1mp Oft of Can boe. Ind Pipe L (125¢) Insull Inv . Insurance Sec int Petrol (1) Elec Share pf ww. . Iut Superpwr (50¢) Int Util A, int Ul B, Interstate Equities Interstate Eqcv pf Jonas & Naumburg Kerr Lake - Kirby Petroleum. Lake Bhore M 1215, Lefcourt Real pf 3. Lehigh C & N 80c. . Loune Star G béic. Louisiana L & Ex.. Mapes Con Mfg (3) Met Edison pt (6) A1dl West Utiles Mo Kans Pipe L Mountain Prod 80¢c, Nat Bellas Hess. (at Fuel Gas (1) Nat Investors. Nat Invest war Nat Pw&Lt pt (6). Nat Stee] war New Haven Clock.. - BucoBuiiay = iR Srler 4 g s e D RO Gt A R N D 2 B E —en® a2 | 10 45k 154 Stock and Dividend Rate. Sale— Add 00. High. Low. Close. Railway & Lt S.c 3% 1 Root Refining cv pt T4 Safety Car H & Lt. 3265 39% 8t Anthony Gold St Regis Paper.... Salt Creek Consol.. Seaboard Utllitles. Sec Allled Cp(k25e) Segal Lock & Hr Selected Industries Sentry Saf Control, Shenandoah pf Silica Gel ct. 1 S0 Am Gold & Plat, South Penn Ol (1). South Nat Ga. Stand O1l Ind (1). Stand Oil Ky 1.20. 7 Stuts Motor Car... Swift & Co. Bwift Intl (t Technicolor. Tech Hughes (60¢) Tri-Cont Corp wr., Unlon Am Inyest., Utd Dry Dock. United Gas 'l!. United Gas pf (7)., Unit Lt&Pwr (A U 8 Play Card (1).. United Stores vtc. . Universal Pictures, Utah Apex. Van Camp Pack. Van Camp Pak pf.. Vick Finane (30c). Walker (H) pt (1). Watson (J W) o T R yoperey Wool Ltd k25 1 Dividerd rates in doliars based on last uasierly or semisnnual payment. ividend. tPartly extra. Payrble in cash or itock. e Adjustment dividen: in in bR —bo_rezular rate. Sealskins at Record Low. | ST LOUIS, September 27 (#)—Alaska an | fur zealskins brought the lowest prices 4 |in the history of United States Govern- 4% | ment auctions when 25.678 skins sold 2% | for a total of $310,039.25 at the semi- 314 | 2nnual sale here yesterday. Prices were 10 to 12 per cent lower |than at the sale in New York last June {and only about one-tenth of the peak | price of $140.96 a skin reached in 1920. +, | Black ckins sold for an average of $14 while brown skins averaged $13. Prices were so low that the Japanese g](:l\emmem withdrew its offering of 375 | skins. | The sale included 719 blue fox which | sold for an average of $17 and 25 white fox for an average of $13.50. ., - 1% | came from the Pribiloff Islands, where | the seal herd is under protection of the | United States Government. Under terms of an international agreement, 15 per cent of the receipts go to Japan St and 15 per cent to Canada. Drunkenness is compnnuvexy rare in wine-producing countries. PROPERTY Apartment House MANAGEMENT The skins sold yesterday, comprising | about 80 per cent of the world's ‘pur;sp“g | FIRST MORTGAGE* 6% A SECURITIES safe investment—secured b7 direct Pirst Mortzage on inc = ducing properties in the Nation’ S Canhial. In Py JontATs Favments 17 Devired MORTGAGE AND CORI Nat. 1403 FIRST TRUST REAL ESTATE NOTES FOR SALE J. LEO KOLB 804 17th St. 1237 Wisc. Ave. DL s027. West 0002, Money on E:-1 to Loan on First Deed of Tru 6% Interest Reasonable c«m:uon and 643 Indiana Ave. N.w. $200,000 WASHINGTON SUBURBAN SANITARY DISTRICT MARYLAND PIVE PER CENT BONDS (Guaranteed by Two Counties) Sealed Bids for the purchase of Series ton Suburban Sanitary >f Chepter 122 of Assembly of Amendments 5200.000 bea: semi-annually and da maturing in fifty years. redeemable in thirty years. will be received by the Washington Suburban Sanitary Comm. sion at its office in the Tower Building. Washington, D. C. on or before 3 oclock P.M. on Wednesday, OCTOBER 5, 1932, —at which time they will be publicly cpened and read. Proposals should be inclcsed in a sealed envelope and marked “Bid on Bonds." and filed at the office of the Commission before the time above mentioned. These bonds carry all the exemptions ss to taxes cf Municipal condition= the; in the sum of interest. payable d October 1. 1922, ties by indorsement on each bone. The approving opinion of Me: slick & Mitchell. at City, will be fu without charge Application has been made to the Public Service Commission of Maryland Le approval of these bonds. ified check for $2.000 must ac’, y the bid on reserves the right to reiect any or all bids. Circular on request and bids must be submitted on information contained t: WASHINGTON SUBURBAN SANITARY COMMISSION T. HOWARD DUCKETT. EMORY H. BOGLEY. J. DONALD CLAGETT. Cammissioners. 804 Tower Building. 14th & K Sts. N.W., Washington, D. C. MANAGEMENT YOU will find it interesting to consult us as to the manage- ment of your apartment house Columbia Couniry Mig ol STOCKS. PUBLIC UTILITY. Amer. Tel. & Tl 19) : Capital Tra SR Gue ek %85, i Wash. Sumbt lec. Power 6 Pow. statd ptd.. § B o o) The following figures are not bids. but merely represent_minimum prices fixed by the Washinston Stock Exchange. NATIONAL BANK. Capital (14) properties and learn just exactly what our service comprehends— New Jersey Zine 2. New Mex & A Lnd.. Newmont Mining NY Tel pt (6%). Niag Hud Pwr 1.20. Niag Hud (A) wars Niag Sh Md B b3%. Nor Central Texas. North Europ Ofl. Ohio Copper. ...... 12 Outboard Motor A. 2 1% Outboard Motor B. ) Pan Am Afrway 3 261 Parker Rust Proof. 100s 39 Penroad Corp. . 3% Phila Co new 11.60. Phil Morris Inc.... Pierce Governor. Pilot Radio Tube Ploneer Gold (12¢). Pittsbgh&LE(2%) Plymouth O11 (1).. Pub Ut Hldxw.. | with lack of purchases rather than any material selling pressure the outstand- ing characteristic. The fact that Win- | nipeg October wheat contracts were hovering near to the 50-cent level and .| at a new bottcm record for the season | acted as a weight on the market here. Arrivals of wheat reported by Winnipeg | today, 2.315 cars, showed a falling off 3% | compared with a week ago, but still greatly exceeded last year's figures. *| Selling for cash interests in the corn ?| pit put corn and cats on the down- grade. ° Prcvisions went lower with hog values | and cereals. atea C M &St P adj bs. ChI&ENW 4148 2037 CRI&NW 4%sC 37, | Ch1 & NW 43240 | Chi&NW rf 5s | Chi RI&P gn 45388, Chi RI&P rf 4334, ChiR1&P4lss ChiR 143860 CTH&SE 1st CTH&SE in §s Chl Un Sta 47 Chi Un St 534 Chi Un Sta 5= B'63. Chi Un Sta 6%5'63. C& W Ind cn 4s°52, Childs deb 5343 Chile Ga 60 Chile 6561 Chile 6s'61 Jan. Chile 6561 Sept Storage 58 Norway Norway Ogden& T Ch 4548, Ore Sh L. 58 gtd "46. Or Wash 45°61.. Orient Dev 5138 ‘58 Orient Dev 6s '53.. Pac G&E 5542 Pac T&T st 53 Pac T&T rf 55 '52., Paramount 63 '47 Param-Pub 513 I 50 Pathe Exch Penn 4% s D'll Penn cn 4%s ‘60. Penn gn 4 %s '65 Penn 43 D ‘70 Penn 55 '84., 1 P o IN CAROLINA MARKET| AlEiiiesi fi Hfllul Gulf G 65 A Penn 613336 4 By the Associated Press. Peon PEL 4%s Peor & E 1st 4340, Peru 6860, HENDERSON, N. C., September 27.— Peru 6s'61. m,‘ Light opening breaks, with prices | averaging from $11 to $12.50 a hundred, today greeted the opening of the 10 “middle” markets of the North Caro- lina old bright leaf tobacco belt Common grades on virtually every | warehouse floor werc bringing prices ) two to three times better thap opening dey last season. The better grades reg- istered a substantial increase. Farmers appeared well pleased with the opening and no tags were reported | turned. o sg- 1141, 5 R Z 55 :'[ 16 in relieving you of incidental worries and maintaining the best possible income—for a fee that is very nominal. B. F. SAUL CO. 925 15th St. N.W. 2322 Noiolk Fot. 993, 104 1104 NAtl. 2100 Liberty (74) Lincoln (10). Metropolitan’ (14 Rizes e85 Washington '(8) TRUST COMPANY. Amer. Sec. & Tr. Co, (15) MORTGAGE LOANS Chile Mtz BI Chl Mtz Bk 6 Cin Un Trm 5s 2020 Clev Term 5s B '73. | Clev Ter 515 Cologne 6155 . Colomb 6561 Jan Colomb 6s *1 Oct Colon Ofl 6335 | Col G May Col Gas&Fl 55 61.. Com Inves 514849, Con G NY 4%s'51. Con G NY 534a 45, Con Pwr Jap 6%3.. Con Pow Japan 7s. Consum Pow 5a ' Copenhag 5 °53. Cuba 5148 " Cuba Nor 5148 "42 Csecho 8352, ., .. Del&Hud ref 4s *43 Del & Hnd 5= Denmark 4148 62. Denmark 5138 '55. Denmark 6s 42 enver Gas 58 llndnnu P&L 5s 4Intersta Power 5s '3 11ntersta Power 65 Union Trus Wasi. Loan & Tr. (14) SAVINGS BANK. Bank of Betherda c6i). e Phila & Read Philippine R 4337, Phillip Pet 5 Pillsb F M 6 PCC&StL 4%s Poland 6s '40 Poland +4-50, NO. 85 o & Serie of Reatons why—chen selecting @ dank—the Columbia National THE Merits YOUR Consideration. STRENGTH of the Columbia National Is Attested by more than 45 Years of Constant Growth Mechantes (30} et FIRE INSURANCE. Lead Price Reduced. NEW YORK, September 27 (#).—The American Smelting & Refining Co. has announced a reduction of 10 points in §0Kis Ges & 155 55 the price of lead to 3.30 cents & pound, | ;3 baciflc G&E 412 New York. B 3.0 Ritionm® oalea” (isy TITLE WSLRANCI Columbta (6h) Real Estate (6h)..... MISCELLANEOUS. Col. Medical Bldg. Corp. (6). Dist. Natl. Scc. pid.,. Emer. Bromo-Selr, A Public Serv 45 71, PubSv G 41867, Pure O115%s'37,., 1 Pure Ol 6% s '40. Queensiand 63 °47., Queensland 7341, Read Co 4’42 A Reading 4343 B'97. Read Jer Cn 48 '51. Rem R 615 8A'¢Tww Rhine Ruhr 68 ‘53, Rhine West 65°52. Rhine West 6s Rhine W 68 ‘55 Rhine West 7s Rich Of] Cal 63 '44. Rio de Jan 6%s '53. R Gr Do Sul 63 " RIAT& L 4%s 34, Rome 61 '52. Royal Duteh 4545, Rumania Ts ‘59 StL IM R&G St L&SF 43 A '60. . StL&SF4%s"8. St L&SF 53 B '50 8t L. SW 1st 5s St P Un Dep bs 7. San A& A P4s'43. Sao Pau 7540, Saxon P W 614 ze ! Fed. Am. Co. com Fed -Am Sales. High. 0100 Lanston !\Yflr&)m‘ 10 1 Tenn E1 P 6s ¢ | Tex Corpev 5 164 Tex & Pac5sB'77. 6 Tex&P56sD'80... 6 Third Avrf 4s'60.. 6 Third Av 1st5s'37. 1 Third Av adj 5s'60 11 ‘Tob P NJ 6128 2022 51 Tokio 68 '52..... Tokio 5 ‘61 Tokio El Lt 6353 Un EIPSL ref 5s'33 Un Pac 1st 48 '47 24 Unit Drug 5s '53. D&RG W55 78, Det Kd 4135 D 61.. Det Edison rf 5549 Deutsche Bk 6332, Dodge Bros 6s40., Duguesne 41;s '67. Dutch East 1 6s'47 Dutch East I 6s '62 Friecvds A's3.... irie 4s B '52 Frie gen 4’96 Erleref 53 °67. Erleref 537 Finland 5%s ‘68 Finland 6s "¢5. Finland 68 '6¢ Finland 7s°50. Fisk Rub 8a'41. Fram Ind 7%s'42 French Gv 74s "¢1. Gelsenk'hen 6s°34. . Gen Baking 513540 Gen Cable o135 °47. Gen Motors 6s '37 Gen P Sy 5%s°3 Gen Th Eq 6s'40. . Ger Cent Bk ra: Natl. Mige, & Inv. Ploptes Drus Stores oid. Real Est. M. & G. pfd (6) Security 'Storage (38) Ref & Wh. Corp. (31 P eom.. ). Blds, Corp. (T) ward & Lothrop com. (1.20} ‘Woodward & Lothrop pid. (7) *Ex dividend 8275 34150, extra, £37. extra Rael ‘extra. 157% extra. —during this period the patronage accorded this Institution by both Washington business corporations and individuals has constantly in- creased, until today the Columbia National is regarded as among the foremost banking houses in its friendly assistance to business and family financial interests. Your ac- count is invited. 3% ON SAVINGS FRANK J. STRYKER, President UnSt W 6%s A'47. Un St W 6%s A'F1. U4 St Wek%sC'51. Uruguay 6s°60. . Uruguay 6s "64. Utah P & L 5844 Util Pw 58 °'59 ww. Utll Pow 5%s 47.. Vert Sug 1St 7s"42. Vienna 6s '52. g Va EI&Pwr 5% 43 Va Ry & Pw 55°34., Va Ry 1st6s A 62, Walworth 6s A ‘45, Warn Br Plc 6339, Warren Bros 6s'¢1. Warner Sug 7841, WC Sh 18t 452361 ol :auper of lmn 488 4Swift Co 5s '40 wi 38w ) exns o-s hX Market Averages By the Asscciated Pross. WE PAY l'rocxs Inds. Rats. u ) 0 lzo‘n b4 98 €31 Josiqrday o 8232 CONVENIENT HOU! Daily, 8:30 to 3—Saturdavs 4l Open’to 5 ». 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