Evening Star Newspaper, September 30, 1932, Page 15

FINANCIAL, HIGH-GRADE BOND LIST GOES HIGHER U. S. Government Group Continues Steady—German Issues Are Strong. Y F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, September 30.—Influ- enced by a reactionary trend in stocks, junior bonds ranged lower today, but high-grade issues continued to advance, many of them reaching new highs for the year. United States Government bonds were firm. In the foreign list the Germans were outstandingly strong. Trading was moderately active. Junior and highly speculative bonds were sensitive to the movements of stocks and there were early losses of 1 to 2 points in Rock 1sland convertible 4!5s, Erie refunding 5s, Missouri-Pacific 58, Missouri-Pacific general 4s. Vana- dium Corporation 5s. United States Rub- ber 5s and International Telephcne 5s. Nickel Plate 6s, which mature Satur- day, were about a point higher. A total of about $12,000.000 of the $20,000.000 of 6s outstanding have been deposited in assent of the refinancing plam. which calls for 25 per cent payment in cash and extension of the remainder for three years. It is evident that the re- quired amount will not be deposited before the maturity date. However, no receivership is anticipated, as the In- terstate Commerce Commission will un- doubtedly give more time for the de- posits and note holders would gain nothing by forcing a receivership mean- while. " The 6s are unsecured. Misscuri-Pacific notes ‘due Saturday to the amount of $5,850,000 to the Re- construction Finance Corporation and $5,850,000 to private bankers have been extended for a year, it was announced today. Shell Union 5s, which for a few days have been under pressure from abroad, were up a point or two today. Most other oil bonds were firm. In the foreign list Young plan 5l2s and Dawes Reparations 7s both reached new tops for the movement. Part of this buying was attributed to sinking fund operations. But the strength was mainly due to reports in Europe that a Franco-German understanding would shortly be achieved on the basis of a 10-year truce. German municipals and corporation bonds were firm. Following the example of the Greek government, the State Mortgage Bank of Yugoslavia announced that only part of the interest due October 1 will be paid. the bank being unable to secure sufficient forelgn exchange to transfer the whole amount to New York. Each $35 coupon will be met with a payment of $13.54. The balance of the inter- est money is on deposit with the Na- tional Bank of Yugoslavia until such time as foreign exchange is available. South American bonds were stronger, following the subsidence of warfare in several regions. Japanese issues firmed. Finds Few Thinkers. Rev. G. A. Studder-Kennedy of Lon- don announced that “one does not meet a reasonable man in 10,000.” Washington Stock Exchange SALES. Georgetown Gas 5s—$1.000 at 101!}, $1,000 at 10114, $1,000 at 13114, $1,000 at 1011y, $1.000 at 101!y, $1.000 at 10114, $1,000 at 1011, $1,000 at 10114, $1,000 at 10114, $1,000 at 10114, $1,000 at 10115, $500 at 10115, Washington Rwy. & Elec. pfd—10 at 89, 10 at 881z, 10 at 881, AFTER CALL. Washington Rwy. & Elec. 45—$1,000 at 88, $1.000 at 88, $3,000 at 87% Washington Gas 55—$500 at 10015, Bid and Asked Prices. BONDS. PUELIC UTILITY. mer. Tel. & Tel A 4125 39, Am, Tel & Tel, cll U 55 ot. G Tel. of Va. Capital Traction R. R. 5s.. City & Suburban 55 Georgetown Gas 1st Potomac Elec. Cons. 5% Potomac Electric 8s 1953 Wash. Alex. & Mt Ver. ctf.. ington’ Gas 4%s.. % ington Gas 55 . Gas 6s, series A.. sh. Gas 6, series B Wash. Rwy, & Elec. 4s MISCELLANEOUS. Barber & Ross. In 26..... Chevy Chase Club 51a<. Columbia Country Clib 5125, D. C. Paper Mfg. 6s W. M. Cold Storage 5s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9).. Capital Traction 'Co.....0 1110 Wash. Gas_Light_Co. (18), Norfolk & Wash. Stmbt. (12) pid . 513 pid. Wash. Rwy. & Elec. ‘com. (7). Wash. Rwy, & Elec. ptd. (5) The following figures are not bids. merely represent minimum prices fixed the Vashington Stock Exchange. NATIONAL BANK. Min. price. 295, Zi 88'2 90 but by & & Capital (14) D. ) Ped -Amer. Natl Bk. & Tr. (). Liberty (1f)..... Gon s (10 v Metropolitan (14).. Rigss (15) = Second (ge) [ 1! Washington ' (8) TRUST COMPANY. Amer. Sec. & Tr. Co. (15) 1 'Sav. & Tr. (123) : Prince Georges Bk. & Tr. (8) Union Trust (8s).. S n Wash. Loan & Tr. (14) SAVINGS BANK. Bank of Bethesda (6f)... Com. & Savings (10).... East Washington (12/ Potomac (10). ... . - Sec. Bav. & Com. Bk (i0y) Seventh Street (6) : United States (30) Wash. Mechanics (201 FIRE INSURANCE. American (12).... . - Corcoran (101 Firemen's (8) National Union (15 TITLE INSURANCE. Columbia (6h) Real Estate (6h) MISCELLANEOUS. Col. Medical Bldg. Corp. (6)... t c. prd 8 ptd Lanston Monotype (6) . : Mer. Tr. & Stge. com... ... Mer Tr' & Stge. pfd Mergenthaler Linotype (1,60 Natl. Mtge. & Inv. pfd. (6) ... Peoties Drus Stores pfd. (8i4) Real Est. M. & G. pfd. (6) Security ‘Storage (5§). Ter. Ref. & Wh Unlisted Department. BONDS. Army-Nayy Club 5s.. smos Club 4125 mmercial Club st 5 Mayflower Hotel 6s.... Metropolitan Club 4izs ... National Press Building 1st Washington Sub. 5izs... .. STOCKS, Aracostia Bank... . Chapin Sacks 8% pfd Connecticu: Pie Co.. . rewers District Title Insurance Co Franklin National Bank. . .. Munsey Trust Natio Park Savings Bank . Raleieh Hote! Co... . ' ington Savings Bank.. Washington Title Insurance C Washington Base Ball Club Vjoodridge-Langdon Savings Bank. | 1 | UNITED STATES. (8ales are in 1.000.) Tovie 10178 1017 Lib3%s 32-47.... 10114 ER ISR st et e % s 33-3 D dseie 9629 9626 9629 8 986 988 100 27 100 27 100 27 100 29 100 81 100 28 100 28 10216 10217 104 22 104 23 108 12 108 14 Sales High. uflm Close. Abitibl P&P 5353, 20 18% 1 Alleghany Cp 5'44. 34 81 ‘MW. Alleghany 58 s 2 i; fg leghany s '50. Alleghany bs _ 65 404% 846-49.... 8 M 41-43. J 40-43... 10081 Am Metal 5%8°34. Am Sug Ref 63°37. Am T&T 4%s '3 Am T&Tc tr 68 Am T&T deb 63 '60. Am T&T deb 5365, Am T&T 5%8°43. Am Wat Wks 58'34 Am Wr Pap Antioquia 75 | Argentine 5s " Argentine 513862, Argent 65’61 May. Argentine 65’59 Ju Argentine 65 '69 Oc Argentine 6s A '57. Argentine 6s B Arm Del 53%8'43. Atchison gn 43 '95 AtIGL 1st 48 ‘52 At] Gulf& W1 by Atl Ref db 58°37 Australia 414s "5 Australia 5355, .. Australia 58 '57... Austrian 7543, Austrian 7s'57. B&O1st 45’48 B&Odis'sl B&O4%3'60 B&O 1st5s'48, B&Oref5s'95. B&Orf5sD2000. B&Orf6sC'95... B & O Swdv 58'50 Batav Pet 4% 342, Belgium 63 '55. Belgium 6% s Bell Tell Pa 65 C'60 Benef Loan 65 '46.., Berlin Cy El 68 '55. Berlin C El 6% #'51, Beth Stl pm 55 '36. Bolivia 75 '69. Bolivia 8547, Bos & Me 53 '55. Bos & Me 58 °67. .. Brazil 6% Brazil 6% Brazil 7s C R '62 Brazil 8s 41 Bremen 7s '3 Bklyn Ed 65 A *49 Bkiyn Elev 618 Bklyn Man 6s A '68 Bkiyn UnGasss'45. Bklyn Un Gas 58'50 BKlyn U Gas 58 '57. Buenos A R 65 61. Buft Gen El 4% Canada 43 Canada 43%3'36 Canada 53 °'52..... Can Nat Ry 4335'51 Can Nat Ry 4138’57 Can Nat4%s'68... Can Nat 5569 July Can Nat 5569 Oct. ) BruBoSnwmRan—tes Can Pac 4143 '60... Cent Ga cn 54 Cent 111 E&G 58 61 Cent Pac 1st 4 Cent Pac 55 60. Cert-td db 5% Ches Corp 53 47 C&Ogen4%s Chi & Est 111 68°51. Chi Grt West 45'59. Chi Ind&L gn 6s'66 C M StP&P bs 75, CM&StPadjss.. Chi&NW 4%sC " Chi & NW 4 E Chi&NW rf 58 2037 Chi & NW 613836, Chi Rwys 5827 Chi RI&P gn 48 °88. Chi RI&P rf 4s'34. ChiRI&P 4%s'52 Chi R 4%8°60.... CTH&SE 1st 55'60. CTH&SE in 53'60. Chi Un Sta 4%8°63 Chi Un St 53 '44 Chi Un Sta 58 B'63. Chi Un Sta 6%5'63. C& W Ind cn 4552, Childs deb 55 '43 Chile 6s'60. Chile 6361 Jan. Chile 63 '61 Sept Chile 7s'42... Chile Cop db 5 Chile Mtg Bk 6s Chl Mtg Bk 6%s ‘57 Chl Mtg Bk 6% 861 Cin Un Trm 5s 2020 Clev Term &s B'T3. Clev Ter 53%SA * Cologne 6125 '50 Colomb 6561 Jan Colomb 63 °61 Oct. . Colon Of1 63°38. ... Col G&E 58 '52 May Col Gas&El 5s '61. . Com Inves 5% Con G NY 6%8'45. Con Pow Japan 7s. Consum Pow s ‘62 Copenhag 4%s Copenhag 58 ‘52 Cuba %8 '45. Czecho 88 '51. Del&Hud ref ¢ . Del & Hud 5%s'37. Denmark 4%s '62. . Denmark 5%s '65.. Denmark 6s°42.... D&RG Wbs'56.. D&RG W 6s'78.. Det Ed 4%s D'61.. Det Edison rf 58’49 Deutsche Bk 6s°32. Dodge Bros 6s '40.. Donner Stl 7s"42. . Duquesne 438 '67. Dutch East 16847 Dutch East 16862 Erle cv 4s A '53. Frie gen 4396 Erieref 5s'67. Erie ref 55 '75. Finland 5%s ‘68 Finland 63 45 Finland 6%s Fisk Rub 85’41 Fla E Coast § Fram Ind 7%s " French Gov 7s French Gv 7%s'41. Gelsenk'hen 65°34. . Gen Baking 65%5'40 Gen Cable b8 47 Gen Motors 65°37.. Gen Th Eq 6s°40.. Ger Cent Bk 68°38. Ger Cen Bk 63 '60J Ger Cen Bk 6560 0 Ger Cen Bk 78 '60... Ger Gen Elec Ger Gov 5%486 German 6%35 6 German Rep 7 GoodHopeS&1 78’ Goodrich 68°45. ... Goodrich 6%8°47.. Goodyr Rub 58'67.. 16 Grand Trunk 6s'36¢ 12 Grand Trunk 18'40. 27 GrtNor4%sD'76. 3 GrtNor5sC'73... 2 GrtNor5%sB'52. 2 Grt Nor gn 7s°36.. 46 Greek 63 '68. .15 Hav Elec 53%s'51.. 4 Hudson Coal bs'63, 4 Hud & M aaj 57. 29 Hud & Mrf5s'67.. 2 Humble Oil 53°37,. 15 87% 102 102% . THE EVENING STAR, WASHINGTO Sales. High, ! Hungary 7%s'44.. 5 45% 11 Bell Tell 58 11l Cent et ir Il Cent ct tr IiCent 4% s 11 CCStL&N 68A. 111 Steel db 438 40. Inland St 4% s A'78 Int Rap Trrf l'l’ Int Match s ‘41 Int Match 5s 47 Int Mer Mar 6s Int Pap ref bs A" Int Pap 68°'55. Int Ry C A 58'72 1 Int Tel&T 414839, 18 Int T&T 4%s'52 3 5%e’e5., 10 6%8'54.. 52 Kan CF S&M 4s'36 28 Kan C P&L 4138 '61 22 Kan City Sou 3" [ Kan City Ter 4s' Kan G&FE 4148 '80 Karstadt 6s 43, Kresge Found 6336 Kreug & Toll 58'59. Laclede Gas 5334, Laclede 5145 C'53. . Lautaro Nit 6s ‘54. Leh Val cn 45 2003, Lig & Myers 5s'51. Loew's 63°41. Long Isl rf 4s 4. Lorillard 55 '51. Lorillard 7s'44. La& Ark 55'69. L & N unt 4s '40. McKes & R 515 Manhat Ry cn Market St 7s A ‘40 Marsefl'e 65 '34. Midvale Stl 55 °36. Milan 61s 5! Mil E Ry&L MSP&SSM cn MK & T adj 5s'67. MK&T5sA 62 Mo Pac gn 4s'75 Mo Pac rf 55 A ‘65 Mo Pae 5s F '77. Mo Pae 5s G '7 Mo Pac 5s H '80 Mo Pac5s1°81.. Mont Pow 5 Mont Pwr 5s Mont Tram § s Mor&Co 1st 415529 assau Elec 4551 NJF Nw S Wales 5s'57. Nw S Wales 5s '58. NYCent4s'ss.... NYCrf4l4s2013. NYCrf5s2013... N Y Cent db 6s°35. NYC&S!L 1st 45'37 NYC&StL 1st 6 N Y Edison 5s B'44 N Y Edison 5s C 51 NYEdrf6ls 1. NY EL H&P 4s'49. NY O&W gn 4s'55. NY St Ry 4138°62.., N Y Telgn4s'39 NY W&B t4%s Nord 6348 '50. o wRarlossan e Sl wuSmanaRluamn~tk 3 Nor Pac 48'97....., Nor Pac 5s D 2047. Nor Pacr168s2047. Nor St Pw 58 A "41. Nor St Pw 6s B '41, Norway 58°63. . Norway 5634865 » Oreg-Wash 4s Orient Dev 53 Orient Dev PacGAES5s41.... Pac T&T st 6337, Paramount 65 '47. . Param-Pub 5%s 50 Paris Or 5%s 68 Penn 4%s D'81. Penn en 4343 °60. Penn gn 4% ‘65 Penn 4345 D ‘70. Penn 4%s'63. Penn gen 55’68, Penn 6836 : Penn P&L 4%s 81, 3 Pere Marq 4135 ‘80 Pere M 1st 3 '56 Peru 65°60. . Phila Co 65 ‘67 Phila Elec 4s'71... Phila & Read 6849 Philippine R 4s°'37. Phillip Pet 5% ‘39 Pillsb F M 65 °43.., Poland 6s *40 Poland 7s 47 s Port Gn El 4% s 60 Por R Am T 65 '42. Pos Tel & C 53°53.. Prussia 6s '52. 3 Prussia 61551, .. Public Serv 4s'7 PubSvG4ls’ PubSv G 4%s Pure Ofl 53 Pure Of1 5%5 40 Queensiand 7s'41.. Read Co 4148 A *97. Reading 4%s B'97. Rem R 5%sA'4Tww Rhinelbe U 7s'46. . Rhine Ruhr 6s '53. Rhine West 65 52 Rhine West 75 '50.. Rich Ofl1 Cal 6s'44. Rlo de Jan 61s'53. RioDeJan ext 85'46 R Gr Do Sul 6s'68. R Gr Do Sul 8s"46... Rio Gr W clt 45°49, RIAr& L 4%s’'34. Rome 614552 . Royal Dutch 4s"45. Rumania 78 '69.... StL IM R&G 4s'33. St L&SF 43 A '50.. StL&SF4%s°78. ® = Somnhwelana egiee X % | St L&SF 53 B '50 StP&KCSL 41;35'41 St P Un Dep bs San A& A P4s’43. Sao Pau 78 '40. Sao Paulo 8: Sao Paulo 8s°50. Saxon P W 63 Saxon 78 46 Sea All Fla 5 Serbs-Cr-817s'62.. Sine PL6s'42..... Skelly O11 53%s'39. Sou Bell T&T 658’41 Sou Pac rf ll“55. . Sou Pac 4%s Sou P&Or 4%s St OII N J 58’46, 2 StOIN Y 4%s°51. Sweden 6348 '54. Swiss 5%s'46. Taiwan E P 5%s’T1 Tenn El P 6s A "47. Tex Corp cv 58 *44. Third Av adj bs '60 ‘Tob P NJ 6158 2022 Tokio 58 ‘52 Toklo 5348 '61 Tokio El Lt 63 '53 Un EIPSL ref 68'33 UE&P 1sto%s A'64 Un Pae 18t 11 82% 20 288 87% Low. Close. 45% 64 50 43 T% 49% 1 11 4T% 95“)' 8814 55 64 513% 1014 61'% 891 BONDS on . v. stock excaiance | |CURB SHARES FIRM | Recetved by Private Wire Direet to The Star Ofies. AFTER EARLY LOSS Offerings Show Signs of Drying Up in Midday Market. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, September 30.—After opening lower, the curb exchange steadled around midday today and showed signs of rallying. Public utilities, as in initial dealings, remained the most active group, but the widest declines were registered in the foods, specialties and tobaccos. Electric Bond & Shere gave further indications of professional offerings. Cities Service was little changed, while Standard Oil of Indiana declined. Con- solidated Gas of Baltimore opened un- changed despite the smaller earnings reported today. Early trends were not much influenced by general overnight news. The rise in brokers’ loans was unexpected, but the general trade reviews reported better business than anticipated. The *1gain in communications business and 3 I tion. predictions of greater than seasonal gains in car loadings also were hailed as constructive. Aluminum Co. of America common re-acted cn a report from London that directors of British Aluminum Co., Ltd., had decided to put off dividend action until the full year's results were know: Deere & Co. again moved in sym. pathy with wheat prices. Federated Metals Corporation was not at once respective to reports that negotiations , | for its acquisition by American Smelt- |ing & Refining were nearing comple- Traders just now are casting about for some group or groups of stocks with which they can lead the market and thereby hurry the trend of trade. 35 45 481, 96 102 1024 80 5% 100 85% 85% 65 45% 391 5013 55 23% Y% 11% 11 15% 4Ty 43 8714 851 52 15 12% 15% 474 99 70 56 24 19% 51% 52% 2 4% k( 92% 951 102% % 56% 5T 564 71 32% 40 103% 97% 933, 1045 47% 100 90 263 96 3914 49 39% 102 0 984 82 87% Because tobacco sarnings have held up better than average, there was some talk of an attempt to whirl this list, but Axton-Fisher A greeted this talk with an initial break of 4 points. Simi- lar conversation about the food shares was met with a further recession in Great Atlantic & Pacific Tea. Textile and shoe shares, viewed pure- ly on the news emanating from those industries, would lend themselves to some bidding up but such listed secur- ities are not regarded as strong enough to become market leaders. Profes- sionals usually try to put through an orlglmzed move in public utilities or the oils. Natural gas shares were more active than usual but, with the excepticn of United Gas common and preferred and Lone Star Gas, showed little change. The senior issues of operating and hold- ing companies were not as soft as on Thursday. Niagara shares new were down more than a point. In_the motor accessories Parker Rust-Proof was weak. Safety Car Heating & Lighting was the heaviest in the equipment securities. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. September 30— White potatoes, 100 pounds, 75a95; Maryland and Virginia Cobblers, barrel, 1.25a1.50; sweet potatoes, bushel, 35a60; b-2ns, bushel, 7521.10; beets, 100, 1.50a 100, 1.50a2.00; celery, crate, 75al caulifiower, crate, 1.25a1.65; cucunibe bushel, 1.50a2.00; corn, dozen, 6al. eggplants, hamper, 20a25; lettuce, crate, 2.00a3.00; lima beans, bushel, 1.80a2.75; onions, per 100 pounds, 85al.50; peas, bushel, 1.65a2.00; peppers, hamper, 20a 30; squash, bushel, 30240; tomatoes, hamper, 20a35; canners’ stock, bushel, 35a45; apples, bushel, 35al. Concord grapes, basket, 30a35; peaches, bushel, 6523.00; pears, bushel, 50a1.50. Dairy Markets. Chickens—Young, sound, 12a16; Leg- horns, 11a13; old hens, 13al17: Leghorns, old, 11a12; roosters, 8a9; ducks, 8a9; pigeons, pair, 11al3; guinca fowls, 10 al5. Eggs—Receipts, 2,783 cases: current receipts, 15a23; hennery whites, 25a40; Wut;l'n firsts, 24a25; nearby firsts, 24225. Butter—Good to fancy. creamery, 18 a23; ladles, 13a14; process, 25a16; store packed, 10all. Hay and Grain. Wheat—No. 2 red Winter, garlicky, spot. domestic, 61; September delivery, 61; October, 61'g; cargoes on grade, no sales. Corn—No. 2 yellow, spot, domestic, 441,245; cob corn, 2.00 per barrel. Oats—No. 2 white, domestic, new, as to weight, 2612229';; No. 3, 25!2a26. Rye—Nearby, bag lot, 45a50. Hay—Receipts, none. The market continues dull and Inactive under gen- erally ample receipts, especially of the poorer grades, which are hard to move at any price. Good grades of hay are selling at & range of $11 to $14 per ton, as to grade and kind. Market ir- regular on everything below No. 3 tim- othy. New hay beginning to move. Straw—Wheat No. 1, pet ton, 8.00a 8.50; oats, No. 1, per ton, 8.00a8.50. Live Stock Market. Cattle—Receipts, 250 head; steady; In-between, igactive and hard to move, due to oversubply; steers good to choice, 6.50a7.25; medium to good, 5.50a6.50; fair to medium, 4.75a5.50; plain to fair, 4.2524.75; common to plain, 3.50a4.50; bulls, medium to good, 3.5024.00; fair to medium, 2.25a3.00; plain_to fair, 2.7523.00; common to plain, 3.00a4.00; cows, good to choice, 3.5024.00; me- dium to choice, 3.00a3.50: fair to me- dium, 2.50a3.00; plain to fair, 1.75a2.25; common to plain, 1.25a1.75; fresh cows and Springers, 30.00260.00; heifers, good to choice, 4.7585.00; medium to good, 4.50a4.75; fair to medium, 4.2524.50; plain to fair, 3.25a4.25; common to plain, 2.75a3.25. Sheep and lambs—Receipts, 1600 head; steady; sheep, 50a2.00; lambs, good to choice, 5.75a6.25; common to medium, 3.00a5.00. 1,300 head: steady; medium, 4.60a4.85; heavies, 4. .75; roughs, 2.90a3.80; light pigs, 4.20a4.50: pigs. 4.5024.75; best Western hogs, 10a20 higher than quotaticns. Calves—Receipts, 100 head: steady: calves, good lo choice, 6.50a7.00; com- mon to medium, 3.50a5.50. lights, Sales. Hign. Low. Close. UnnDru:-'u's':.., 38 66 64 66 Utd King 5% Un St W 6%s U4 St W 6%aC'51. Upper Austria7s'4s Uruguay 6s 60 Uruguay § Uruguay 8s'46. Utah P& L bs'44. Vanadium St 58°41. Vienna 65 '63. Va EI&Pwr 53843 Va Ry & Pw 68 '34. Va Ry 1st 5s A ‘62, Va SW 1sten 8 Wabash 1st 5s°39.. Walworth 6s A "45. Warn Br Pic 6s'39. Warn Quin 68°39. . ner Sug 78 ‘41, Warsaw 78 '58 West El db bs West Md 5% West Pac 58 A’ West Union bs West Unlon 5s ‘60 Westphalia 6s '53.. W EO5%s'37T ww. WII-O 18t 6148 " Wil & Co 1st 65°41, Yokohama §s Ygstn S&T Ygstn S&T 6s B'70. 200; cabbage. bushel, 30a40; carrots, | D. C, FRIDAY, SEPTEMBER 30, N. Y. CURB MARKET Recelved by Private Wire Direct to The Star Office. Stock and Sale— Dividend Rate. Add 00. High. Alr Investors war.. 3 K Alabam Pw pf (7). 208 78% Aluminum of Amer2110s 68 AlumLtdCwar... 1 T4 AlumnLtdcumpf. 1 35% 2; T % k. 85! Am Comwlth Pw A Am Cyanamid B Am & For Pw war.. Am Superpower Am Super 15t pt 6. . Am Ut &G B vtc. Arcturus Radio T Arkansas Nat Gas. Arkansas Nt Gs A. Ass0 Gas & Electric ASsOG&EADBS%. Asso Tel Utilitles. . Atlas Utility Atlas Utl] war. Axton Fish A 3.20 Benef Ind Loan 1% Blue Ridge........ Blue Ridge c pta3.. Buff N&E pf (1.60). Burma Ltd rets 4c. Canadisn Marconi. Carib Syndicate... Celanese pf (3%) Cent PubSvcA. ... Cent Pub Sve (6)pf. Cent States El Citles Service Citles Service pf. Clev Elec Illu 1.60 CelG & Ecv pf (5). Col Ol & Gas vtc. .. Colombia Synd. Comunty Wat Sve - e MR RHASH RO RBRa— o~ e 2 3.60. Cont Sharescv pf. . Corroon & Rey pf A <ol Crocker Wheeler. .. | Crown Cent Pet Deere & Co. .. De Forest Radlo. Detroit Afrcraft. Duval Tex Sulphur. East Util Asso cv. Elsler Elec Corp K1 Bd & Share bt I’y s - e e L L LT Kl Bd & Share pt 6. Elec Pwr Ass0(60c) Elec Pwr As(A)60c ElecP& Lt 2apt A Elec Shareholding. isk Rubber (new) Florida P & L pf(7) Ford Motor Can A. Ford M Ltd. . - Foremost Dairy pf. General Alloys. ... Gen El L.td 20 2-5e. Gen G&Ecv pfB hé. Gen Pub Service pf en Tire & Rub 1%, 2.8 PaP 81 4 Ly 1 1% 5 7 200s 13 50s 41 108 35% 8 1y Goldman Sachs. 19 3w Gorham Incpf..... 100s 7' Grt A&PT n-v 163 60s 1451, GtA &P Teapf (7) 108 1174 Greenfleld T & D. Gulf Oilof Pa..... Hamiiton Gas vtc.. Happiness Candy.. Hudson Bay Min. . Imp O1l of Can b0c. Intercont Pete. Int Petrol (1)..... Int Superpwr (50c) Int Util A, Int Util B. Interstate Lakey Lehigh w Lone Star G béic. . Long IsI Lt pf (7). Loufsiana L & Ex.. Mass Util Asso.... Midland Roy cv pf. Mid Sta Pet vtc A.. Mid WU cv pf nxw Mining Corp of Can Minn Honey pt (6). Mo Kans Pipe L.... Moh Hud P 1st pt 7 Mountain Prod 80c. Nat Aviation Bellas He at Bnd & Sh (1).. Nat Fuel Gas (1).. Nat Investor: Nat Invest war. Nat Leather. . Nat Pw&Ltpf (6). Nat Rubber Mch. New Bradford Oil. New Eng Pw pt (6) New Mex & A Lnd.. Newmont Mining. . N Y Telpf (6%)... N Y Transit (190¢) lag Hud Pwr 1.20. Niag Sh MA B b5%. Niles-Bement-Pond Nipissing. .. North Europ Oil ! Norhtwest Eng. Novadel Agne (4 Ohto Copper....... Pac G&E 1st pt 1% Pacific Light pf (6) Pacific West Of1 Pan Am Airways.. Parke Davis 11.30.. Parker Rust Proof. Penroad Corp....... Penn W & Pw (3).. Phoenix Secur pf. . Pilot Radio Tube A. Pitney Bowes b4 % . Puget Sd P&L pf 5. Puget Sd P&L pf 6. Pure Oil pf (6).... Quaker Oats (17).. Quebec Power (152 Rainbow Lum A... Rainbow Lum B Reliance Int A. Republic Gas. Rossia Intl. Safety Car H& Lt. St Regis Paper. 8t Regis Paper pf. Beaboard Utilities. Sec Allied Cp(k25c) Segal Lock & Hrd. Selected Industrie Select Ind pr(5%)n Shenandoah Corp. . - N AT S PN @ 2 - S~we S rromate . ® rcsrom oot e Bl o gs @ AR TAN e SRR A S A e So Am Gold & Plat. South Nat Gas. ... So West Gas Util... Stand Ol Ind (1).. Stand Oil Ky 1.20.. Stand P&L pf (7).. Stand Silver & Ld... Starrett Corp pf... Stutz Motor Car... Sunray O11 Swift & Co. Swift Intl (14) Tampa Elec 2.24 Technicolor. “ee Tech Hughes (60c) Texon O&Land t13% Tobacco Prod Del.. Trans Air Trans. .. TransLux DL P §. United Corp war... e @ Market Averages By the Associated Press. Yesterday Erevious d SBARE PRI eaguace 10000l (Copyright, 1932, Stancard Statistics Co.) Close. T 8% | Urited Gas 67% | United Gas war. Y% % 1932. Stock Dividend Ra United Founde: United Gas pf (7). Unit Lt&Pwr (A).. UnitLt& Pwrpf.. 3 28% Unit Shoe Mch 2% . “25s 39% U S Ele¢ Pwr 2 1% U S Finishing. 2% US & Intl Sec. . US & Intl 1st pt Ut P&Lt.. Utll Pwr&Lt p Utllity Equitle Van Camp Pack..., Walgreen Co Watson (J W) Wool Ltd k25 1- “¥" Ol & Ga Divider.d rates in dollars based on last quarterly or semi-annual payment. *Ex clvidend. tPartly extra. iPlus 4% In stock. llgt-k"hll. Alfllfimu‘,‘l‘;l’l or k. b Payable in lus 8% in 9 n stock. D Paid Iast year—no reguisr rate. Grain Market | By the Associated Press. CHICAGO, September 30.— With | Liverpool reporting increased selling | pressure of Canadian wheat abroed, | grain values here suffered fresh early setbacks today. Wheat at Winnipeg outdid the season's low-price record and | corn in Chicago reached bottommost levels since 1897. | Opening ?3a% off, wheat subsequently underwent additional declines. Corn started unchanged to !5 down and con- tinued to drop. | ‘Tumbles in price carried the Chicago wheat market quickiy down 1 cent a bushel, but around cents for Decem- ber and 58 for May large standing ||| :| orders to buy checked the break. Mean- | while, Canadian offers of wheat to Eu. rope ‘were cheaper, and Winnipeg re. ported arrivals of 1,309 cars, compared | with 444 a year ago. of Canadian crop estimates was looked | for because of disappointing threshing | I returns. Bulls contended that regardless of how much wheat was in sight, prices were abnormally low. It was also peinted out that domestic primary re- ceipts of wheat since July 1 have been but little more than half of the total in the seme period last vear. An op- posite factor was word that the new | wheat crop in Argentina has been mak- | ing good progress, with beneficial rains in the South. Big receipts of corn here, 405 cars today, pulled corn and oats both down, September oats closely ap- proximating the all-time low price | record. | Provisions sympathized with weak- | ness of cereals. New York Cotton | 0 0 Spectal Dispatch to The Star. [ NEW YORK, September 30.—Cotton prices recovered about 50 cents a bale at the opening of the market today, following yesterday’s sharp decline Trading was active, with short covering in distant months. Trade buyers were moderately active. Opening prices were: October, 6.91, up 8; December. 6.98. up 10; January, 7.03, up 12; March, 712, up 12; May, 7.21, up 12,"and July, 7.30, up 14 BROKER LOANS INCREASE $17,000,000 DURING WEEK 8pecial Dispatch to The Star. NEW YORK, September 30.—The # | weekly statement of the Federal Reserve j This compares with $408.000,000 on brokers' loans showed an increase of $17,000,000 to a total of $425,000,000 during the week ended September 28. last week, with the low of $331,000,000 on July 27 and with $1,172,000,000 on September 30, 1931. Loans for own account amounted to $400,000,000, compared with $383,000,000 a week ago. Loans for out-of-town banks were $20,000,000, unchanged from the preceding week, and loans for account of others totaled $5,000.000, also unchanged. Demand loans consti- | tuted $292,000,000 of the total, compared with $282,000.000 last week, and time loans were $133,000,000, against $126,- 000.000. ‘The New York Federal Reserve dis- trict rediscount rate remains unchanged at 2! per cent. CHICAGO VDAIBY MARKET. CHICAGO, September 30 (#) —But ter—Receipts, 7,051 tubs: market fir creamery specials (93 score). 20a20';; extras (92), 1915: extra firsts, (90-91), 18';a19; firsts (88-89), 17al8. seconds (86-87), 15a16; standards (90 central- ized carlots), 193. | Eggs—Receipts, 4,287 cases: market firm; extra firsts, cars' 2415, local 2315: | fresh graded firsts, cars 2315, local 23; current receipts, 19a22. FINANCI SPECIALISTS BARRED IN POOL OPERATIONS New York Stock Exchange Rules| ' Against Personal Interest in Issues They Handle. By the Assoclated Press. NEW YORK, September 30.—The New York Stock Exchange has moved to divorce specialists in stecks from pool operations in the shares whose market they handle. The new rule was announced by the Governing Committee and was in keep- | ing with the recommendations men- tioned Tuesday by Richard Whitney, president, in a speech at St. Louis. While restrictions on such operations by speclalists had been imposed earlier, | the new ban applies not only to the eclalists themselves, but also forbids AL/ “U. S. Govt. and TAX FREE INVESTMENTS” General Securities ham Bldj ME. 2022-23-24 | || ROBTERT . JONES & CO. IF YOU WISH YOUR SAVINGS TO EARN AT LEAST 59 INTEREST If you want to own your home and pay on a con- venient plan . o If you desire the safety their partners to participate in ols in stocks which the specialist han):ioltl | “No member acting as a specialist | and no partner of such a member,” | the ruling read, “and no firm in which | such a member is a general or special | partner shall, directly or indirectly, be interested in a pool dealing or trading in the stock in which such a member is & specialist.” A specialist is a broker who executes | the actual buying and selling orders for his customers on the floor of the | exchange. In his St. Louis speech, Whitney said the action was intended to eliminate any possibility of a pool operation un- | fairly influencing the specialists. ‘ | Island Cheapest Living Place. A Spanish island, Ivaza, has been selected in a French symposium as the cheapest place to live. IIIIIIIIIIIIilIIIIIIlIlIlIIIllIIIIIIIIIIII|IIINIII!IIl!iIIIIIIIIllllIIIIHlllIIINNIIIIHllIII!IllIHIIHIIIIIIIIIIIIIIIIIIIII-IIIIllllllllllllllllllll Organized 1879 JOHN JOY EDSON, President On the other | |i hand, some advices said a reduction | [f Assets Subscriptions for the and strength of 42 years' service i ur saving and borrowing pi Open Daily 9 to § Saturdays Until Noon JION, WATIONg PERMKN EI(QT BUILDING ASSOCIATION NW & 1ot 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n WALTER 8. PRATT, Jr., Secretary eererenaanans...$6,237,762.31 103rd Issue of Stock Being Received SYSTEMATIC SAVING SPELLS SUCCESS The sccret of saving is to adopt a systematic plan—then stick to it. The Equitable’s plan teaches you how to save to get greatest results. Come in and Let Us Explain EBRES 915 F St MORTGAGES JUST SUPPOSE —vou will some speci the future. be needing money for ic purpose some time in Investment in our FIRST MORTGAGES Over a Third of a providing it Century ; Iithout a Loss continucoul to an Inzestor May be from $250 Payment P invest out c entire period. in conservatively appraised improved Washington real estate. —is the easiest and surest way of . The designated interest at the time you make investment will 1changed throughout the The security is vested purchased in amounts up—and upon a Partial lan which permits you to f income if you wish. B. F. SAUL CO. National 2100 925 15th St. N.W. NO. 56 of a Series of Reasons why—when selecting @ bank—the Columbia National Merits YOUR Consideration, «Officer” . . . “Director” MORE THAN TITLES ARE at the Columbia They mean friendly, helpful advice and a financi memb busin your noeds their concern. in the inter I affairs about which you wish of our activ and banking experience. Officers: FRANK J. STRYKER, President Vice President L. WHITING ESTES, ROBERT H. LACEY. Cashier ALBERT E. YEATMAN, nd advisory staff have lo ear: Your prob'enu":r: theirs, Our depositors and others are urged t of their own welfare to take advantage of the service we are prepared to render. Asst, National stance in all your to consult them. The of Cashier WALTER B. GUY. General Counsel Directors: HARRY BLAKE JOHN JOY EDSON L. WHITING ESTES C. FENTON FADELEY ALBERT F. FoX E. CARLYN GUY DAVID J. KAUFMAN GEORGE M. LEIMBACK JOSEPH JOHN H. WALTER ANDREW JORN N. - JAMES A. MESSER H. MILANS MILLER THEODORE W. NOYES 8. PRATT, Jr. SAUL FRANK J. STRYKER SWARTZELL l