Evening Star Newspaper, January 25, 1935, Page 17

FIN CARRIERS INIPROVE ON BOND MARKET Federal Issues Stil! Steady. Utilities Lag Behind Despite Dullness. By the Assoclated Press. NEW YORK, January 25.—Some improvement in railread bonus and a continued steady tone to Government obligations featured late dealings on the bond market today. Utilities were generally backward, although there| were less than usual transfers in this group. Indirect obligations of the Govern- ment, including Home Owners’ Loan 2%s and Federal Farm Mortgage 3s, | mude new highs at advances rangmgl from 6-32ds up to % of a point. Treasury issues also were mostly higher. In: the corporate section advances up to a point were made by obliga- tions of United Drug, St. Louis-San Prancisco. Baltimore & Ohio and Missouri Pacific. Phillips Petroleum | 5145 lost 35 of a point at 1021¢, Amer- | ican Smelting 5s were 1 point lower | at 1033 and fractional declines oc- | curred in American Telephcne 5s and New York Central Ss. Washil;gtot.lr Exchange | SALES. Capital Traction 5s—$500 at 92. AFTER CALL. Washington Rwy. & Elec. 45—$1,000 | at 100, $1,000 at 100, $1,000 at 100, $1,000 at 100. Potomac Electric 5!2% 11215, Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel & Tel. 4155 '39. Am. Tel. & Tel. ctl_tr. 5s. Anlcosna & Pot. na. & Pot. Guar. & Tel. of Va Capital Traction R. R. City & Suburban 5s Georgetown Gas st Pot. Elec Pow. Cons. Potomag Elec.” s 14! Wi 1058 pfd—5 at €s 3 %% feess 100% MISCELLA Barber & Ross,_In Wath: 8oy 1. Cold Stor STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (0) . 10312 Capital Transit N &W age’ 55 m. _( Wath By & 81 ote i) NATIONAL BANK Capital (4) Liberty (3)... Lincoln (5) Riges com. (€ Riges pid. (5) ‘Washington (8) . TRUST COMPANY Amer. Sec. & Trust Co. (8). 10012 Natl. Sav. & Trust 2 100 ‘Wash. Loan & *182 SAV Com. & Savinss (f) . 150 FIRE 1“'=LRA‘(CE American : Corcoran ¢ Firemen's (1 National Union TITLE INSU Columbia (.30} Real Estate (6.00" MISCELLAN Carpel_Curp. (1) D. C. Paper Miz Metvenn chm. e enthaler 5 Feoples Diug St ptd (85 ) 1n1 Real Est M. & G pfd Becurity Storage (5} Ref. & Wi INVESTMEi\IT TRUSTS NEW YORK. January 25 (@.—New York Becurity Dealers Association (Noon quotations.) Bid, Asked. TF 6 oo ilio Admin Fund ww ek a6 | Corp Tt A A m E Corborate Trust Accuin Ser: Corp Tr Accum Ser mod. Fixed Trust Sh Fund Investors Inc Fund Tr Shrs A Fund Tr Shrs B Incorp Tovestors . Col Mutual Invest .. anmn Wide Sec vic Bk Sel Selected A: Selected Cumul Sh Selected Income Sh ANCIAL Received by Private Wire High. Low. 2:55. . 107 107% 91% 92y 10315 103% % 110% 110% 108% 104 107% 109 1121 112% 112% 97 1% 24% 9% 103% 104% 104% 10435 104% 101 101 108Y% 108% 103 103w 102 102 108% 108% 102 102 108 108% 111% % 106% 102% 80 91% 2 LIBERTY BONDS. High. Low. 2.68. 3148 1932-47 10418 10417 10417 1stcv 448 32-47. 10327 10327 10327 4th 41,8 1933-38. 10330 10328 10323 4th 4145 33-38 reg 10326 10326 10326 ¢th 4% 33-38 3dcalled.. 1022 1021 1021 TREASURY BONDS. 351946-48 «. 10219 10214 10214 10230 10229 10230 104 10327 10327 10319 10316 10316 10528 10522 10522 33481944-46...,,10410 1048 1048 3% 8 44-46 reg 1043 1043 1043 33,5 1940-43 June 105 28 10528 10528 33,8 1941-43 Mar. 105 28 10528 10528 33,5 1943-47, 10527 10623 10523 3% 8 1946-56..,.. 10528 10828 10828 48 1944-54. . 11010 1107 11010 4%8-3%s843-45.. 10414 10414 10414 €18 1947-52. 1151 11428 11429 FEDERAL FARM MORTGAGE BONDS. Am 1GChb%s Am Intl 6%s ¢9. Am Mach & F 6s°39.. Am Roll M 68 '38. Am Smelt & R 6n 41 AmT&T 4%s " Am T & T cl tr 58°46. Am T & T deb 53 '60.. Am T & T deb 65 °65. . AmT& T6%s 43. 4 Armstrg Cork b8 '40. AT&SFe4s'60 AT &SFegn4s'9.. T & S Fe ad 4#'95st &S l-‘a 45 1905-55 381949... . 10029 10022 10026 3Ys1964.. 10218 10211 10218 HOME OWNERS LOAN BONDS. 0831 OoR1R 9R27 10029 100 22 10027 10110 1017 1017 FOREIGN BONDS. High. Low. 2:55. 40% 39 40% Atl Coast Lclt 4s '62. At C L. un 4%, At1 & Dan 15t 43 48 Atl Knx & Nor 58 '46. AUG& W 1 bs by Atl & Yad 45'49.. 13 Bal & Ohio 1sf 43, Bal & Ohto 4 %8 60 Bal & Ohio 15t 68 48. Bal & O ref 6895 A.. Bal & Ohto6s 96 ... Bal & O ref 682000 D. Bal&Oref 65'95C.. B&0 PLE&WV s '41 Bal & O Swn 68 '60. .. Bal & O Toledo 4s 59 Beech Crk 4s'36 gtd. . Bell T of Pa bs 48 B. Bell T of Pa 58 '60 C. Boston & Me s 65... Boston & Me 58 67... Bos & N Y A L 4s'55. BKlyn Edis 5549 A.. Bklyn M T 63 68 A... Bklyn Union El 6s 50 Bklyn Un Gas bs ‘45. BR & Pcon4%s ' Bush Term cn 55 5| Abitibi Pa&Pw s ‘63 As=r Bk Col 6547 Feb cou on Antinquia 7s 45 B. Antwerp 6s ‘58 Argentine 6= 632, Argentine fs 57 A. Argentine fs Argentine fs Argentine fs Argentine fis " Arcentine &s 60 Sept Arcentine 6 ‘61 May Australin 4%s 56 Australla 6s ‘56 Australia Austrian 7 26% 9% 105% 102 Belgium 7s Belgium 7s '66.... | Berlin s 58 | BerlinElec 615 59 Bolivia 7s '58 Bolivia 7s°'69 Bolivia 8s°47 Brazil 6155 '26-57 Brazil 6148 °27-57 Bremen St 75 '35 Brishane 5s°57.. Brishane 6s ‘68 Brishane 6s'50 Buenos A C Buenos A 661 st Pv. Bulgaria 7s '67 July coupon oft.. Cal G & E ref 58 '37.. Calif Pet db 535 ‘38 14 | Can Nat Rys 4348 '51. Can Nat Rys ¢%3s '54. Can Nat Rys 4%s 67. Can Nat Rys 4348 '68. Can Nat 65’69 July . Can Nat 5s '69 Oct Can Nat Rys 5s ‘70 Can Nor 4%;s '35 Can Nor deb 6%s’ Can Nor deb 7s '40... Can Pac deb 48 perp. Can Pac 4%s 4 Can Pac 448 '60 Can Pac 5s '44 ctfs Can Pac 62 ‘64 ... Caro 1& O 68 '38. Cent of Ga 6s'69 C. .. Centof Garf 54869 Cent 1N E &G 65 51. Cent Pac 1et rf 4349, Cent Pac 6s '60 . Cert'd deb 5348 ‘48 Chesap Cp cv cl 5844 Chesay, Corp bs 47... C& Ogen4is'y2 C&O4%s'93 A C&O4%8'95 B, C& Oconbs 39 Chi & Altref3 Chi B &Q gen 4 Ch B&Q4%s'T Chi B& Qref6s'71.. CB&Q I11div 338 49 C B&Q 111 div 45 49 Chi& E 111 5851 ctfs Chi Grt W 4s 69 sip. Chi In & L gen 58 '66. CM&StP gn 31, 5'89B. CM&SP 45 8Y CM&SLP gn 4% 5’39 c CM&StP 4%s'89 E CMStP & P 68°'75. CMSUtP&P ad) 68 2000 Chie NW gn 35 '87 Chi & NW gn ¢s 87., Chi& NW 43%s 2037, C& NW 4%4s2037C. Chi& NW 4% Chi& NW43 Chi & NW rf s 2037, Canada 4s 60 Canada 4%s ‘36 Canada 58 ‘52. | Chile 6s [ Chile 6= " Chile 6s " Colombta 6s ‘61 Ja Colombia 6s '61 Oct. . Copenhagen 416 'l Copenhagen 5 Copenharen Tel 5s ‘54 Cordoba 7s ‘42 Prv .. Cordoba 7s '67 stpd Cuba 55 1904-"44 8% 42y Tl Denmark 4% s nz Denmark 5 Dominte 1st su,; ‘0. Dominic 2d 51,840 . 9274 Estonia 7s ‘67 Finiand 7s 60 Frankfort 618 ‘53, French Gov 7s 49 French Gov 748 ¢ Gelsenkirchen 34. Ger C Bk Ag 68'38. ., Ger Prov & City Bk con Ag 61s 5R.. German Gov 5%s ‘65 German Rep 7s'49. .. Great Br & Ir 4s°90. . Great Br & It f15s°37 Grt C El Jap 6%s '50. Grt C E) Jap 7= 44 Greek Gov 6s 6! Hamburg St 8s 46 Helsingfors 6% ‘60 Hung Con M 7s '46. Hung Con M 7%s 45 Cht & W I con 48 5! Chi& W ib%s Childs Co bs '43. Chile Cop deb 68 47.. CnIStL&C4s'36.. Cin Un Term 6s 2020. CCC&StL gen 48°93. . CCC&StLrt 4%4s'17E CCC&StL rf 6s '63 D. Clev Short L 4%s '61. Clev Un Ter 434577, Clev U Ter 6s 73 B... Clev U Ter & 12 A. Colon Oil 6s . Col ind cl tr 58 °34... Col & Sorf 4%s 35.. Col & So 438 ‘80 Col G&E 68 52 May.. ColG& Eb5876)... Col R P L 1st 4348 '57 ColRP&L5%s 42.. Com Inv Tr b%s 4y.. Con Coal Md rf 6s°50. Con Coal Md 5s'60cfs. ConGas N Y 4%4s 61. ConGasN Y 68 '67.... Con G NY db5l59'45. Container deb 53 43.. Container 6s '46..... Crown Will P 63 °51.. Crown Zell 63 40 ww. Cube R Rref 7%s'36 Cuba Nor RR 63843 Cuban Cane P 6s '50. CumbT & T 6s°37 i1seder Stl fis 48 italv 78 ‘51 . Ital P U Crd 7s '52. Japan5is 65... ... Japan 6%s ‘54 Kreu&Toll 5s'59Acfs. Leipzig 7s '47 Lombard E1 7s'52... Medellin 6%s 54... Mer Water 638 60 flan 6%8'52 . . . finas Geraes 61555 Sept cou off New So Wales 68 /7. New So Wales 6s 68 Nord Rvs 6%s ‘50 Norwav 518 '65. Norway 6s 44 Norway 6s'62. . Norw Hv El 58 '57. Norw Mun Bk 5s'70. Nuremberg 6s'52. Orfental Dev 6%s ‘68 Oriental Dev 6s 63. Oslo 6s '56 5 Panama 65’62 std asd Paris Or) Ry 6%s 68. Peru 6s'60. Del & Hud rf 43 43.. Del P& L 4%s'69... DenverG & K 68 '61.. 3| Nat Dairy 5% s 48 THE EVENING STAR, WASHINGTON, D. C, BONDS ON NEW YORK STOCK EXCHANGE]| Direct to The Evening Star. High. Low. Ind Nat Gas 68'36... 103% 103% Inland Stl 4%s ‘78 A. 105% 105% Inland Stl 4%s'81 B. 105 105 Int RT 1strf 6s 8314 83 IntRT 7s°32... 87% 86% Int RT7s'32ctfs.... 85 84% Int Agcol 6842 stp.. 96 95% 1ut Cement 6. . 101% 101 Int Gt Nor 65 '66 B, 36% 36% Int Gt Nor 58 '66 C. Int Gt Nor 6s'62 A Int GtNor adj Int Hydro E1 Int Mer Mar Int Pap 1st5s’47A. Int Pap ref 6s'66.... Int Rysof C A 6s'73. Int Rof C A 6%s'47. IntT&T4%8 62.... INt T & Tov4%s'39. Int T&T6s 65... 6814 1 68% Inv Equity 6s '47 A. « 100% 100% 100% InvEq6s'48 Bw w.. 100% 100% 100% Towa C 1st&rf 4s'51.. 1% 1% 1% 81% 81% 81% Kan Cy P&L 4%s'67. 106% 106% Kan C Sou 1s 6% 76% Kan C Ter 1st 106% Kan Gas&El 4 102% Kings Co Elev 98 974 Kinney (GR) ’l%!'!d 103 103 103 Kresge Foun 6s'36.. 102% 102% 102% —_— Laclede Gas 55°39. .. 9814 98% Laclede G 6%s '63 C. 69 69% Laclede G 6%3 60 D. 69% 69% Lake S&M 8o 8%8'97 Lautaro Nitr 6s '54 ., LehC& N4%s'64 A Leh Val Har 6s ‘64 L V Pa con 4s 2003... L V&N Y 43540 g L V Pacon 4345 2003, L VR R con b8 2003. Leh Val Ter 5s ‘41 Ligg & Myr 6851, 2:55. 103% 105% James. F&C4s'39.. 106% 76% 106% 98% 69% 69% 99 9 104% 104% 104% 3% 103% 103% 46% 46% 96 96 53 53 59 i 1064 117 131 105% 103 108% 127% 6834 110 105% Loew's 65 41... Long Isl ref 4s 49 . Long Isld unif 4849, Lorrillard 7s 44 La & Ark 68 69 6 Louisv G&E 58’52 A, 110 Lou & N unif 4s°40.. 105% Lou & N 418 2003 C. 102% 102% 102% Lou & Nash 6s'37 1074 107% 107'% Lou & N 652003 B 106% 106% 106'% Lou& NStL3s'80.., 178% 7814 784 L&N Atl K&C 4s 'l 106% 106% 106% McKess & R 5348 °50. Man Ry 48 '90.. Man Ry 4s°90 ctfs Man RR St L 45 ‘39 Marion St Sh 63 '47.. Market St Ry 78’40 A, Mead Co 6s 45. Met Ed 1st rtll/.s SI &l Midvale St1&O0 bs '36. lllJ'- 103 M1l El R &SL 68 61.. 887 883 Mil E} R&L rf 6871, 88% Mil Spa & N W 4s 47, 5214 38 3315 3813 251 85 51 105% 108 103% 127% 67% 110 104% Mo K & T 1st 4s '90. MoK&T4s'62B Mo K & T ad) 63 '67.. Mo Pac 4875 Mo Pac 58 65 A. Mo Pac 58 77 F. Mo Pac 5s '77 F ctfs Mo Pac 5s'78 G. . Mo Pac 55 '78 G ctfs Mo Pac 5s '80 H. Mo Pac 5! ‘811, 4 Mohawk & M 4s '91.. Mont Cent 58 ‘37 Mont Cent 6s 37 { Mont Pow ref 5s 43.. | Morris & Co 434539, Mor & Esx 3%s 2000, Mor & Esx 435 '55.. Mor & Esx 53 '55. 85% 101 102! 997, 103 947% 95 101 amm & Sons 6s '43. sh C & St L 4878, Nassau El 43 '51 gtd. . 2 1021 1061y 105 116% 96 National Steel 5s '66. Newb'ry (JJ) 5%s 40 105 NET&T 1st6s'52.. 117 NewJP & L 4%s '60. NewOr PS5s'52 A.. New Or PS 5s'55 B.. New Or T&M §s 54 B, N Y Cent 3%s 97, N Y Cent 4s'42. N Y Centcon 4s'98... N ¥ Cref 435 2013.. Cref4%s2013n Centcv 63 4 C&St L 1st 4 C&St L 412878 C&St L 1st 6835 Conn 1st 433s°53 107 Dock 1st 48 '51.. 63 Dock 5s°38..... 46 Edison 6s 44 B.. 109 Edison §s 61 C.. 108% Edisref 6%s°41. 11315 G El H&P 483 °49. 111 L&W let4s 73... 100 35 37 27% 41 63 49% 58% 108ty . NH&H 4%s | NH&H cl trés'40 . NH&H cv 65 48 LO&W ref 48 '92. "& Rich G 6s'51.. Steam 1st 53 '51. Steam 55 '56. 1051 Y Steam Ist 6s 47, 1087 I N Y Telgenaias 3y 110% N Y Trap Rock 6s 46 60 NYW&B4ak%s 46.. 30 Niag L & O Pw 65 '55. 105 Niagara Sh6%s 60.. 68Y% Norf S1st refss’6lefs 17 Norf & W div 4s "44.. 108% Nors & W 1st 48'96.. 111% 2227222222 L A 22222022 LLZZIZZ Nor Am Ed 58°57 A. Nor Am Ed §s'69 C. Nor Am Ed 58 '¢. Nor Pac gen 3s 2047 8% Td% T4% 104 104% 87% 87l 93% 94 8474 Nor Pac 4%s 2047 Nor Pac §s 2047 D, High. St L-SF4%s'78 12! StLS W 1stTer5s'52. 51 St P M&M ext 65'43.. 108% St P U Dep ref 65 '72. 114% 43 83% San An Pb S 6s'52 A. 102 Seabd AL 4s 50cfs st. Seabd A L 63’45 A.. Sea A-Fla 6s'35 Acf! Sharon SHb%s Shell Pipe L. Shell Un O11 Sterra & SF P SoBellT&T So Col Pwr 6: SoPacSF erdl §0. So Ry gen 4s 66 A 110% 110% 110% 102 101% 102 103% 103% 103% 4% 4o 46% 45 46 1111/. 117% 117% 115% 115% 95 95 97 95% 103 96 104% 9219 92% 921 17 Stand OiI N Y 4%s ‘61 Studebaker 65 '43. Studevaker 6s"42ctfs Syracuse Litg 68 '61.. TennC&1RR 65’61 Tenn C & C 68 '44 B Tenn ElI Pwr 6s 47 Term Assn St L 48 ‘63 Texarkana 6%s '60. Tex Corp cv Tex & Pac 65'11 B Tex & Pac 58 '79C.... l'ex & Pac 5s'80 D... Tex & Pac 1st 5s 2000 Texas& N O 6s'43... Third Av ref 4s 60... Third A ad in ex 55'60 ‘Tob Pr N J 61438 2022, ‘Tol St L & W 4s°50.. Trumbull Stl 6s ‘4 115% 95 97 Qh 104% 1004 8714 102% 4 104% u7 101% 4 109 106% 93 28% 941y 5% 7814 21'% 26%3 UnOCal 68’46 rc ww 68. Un Pac 18t 4s ‘4! Un Pao 1st rf Un Rwys StL 48 U 8 Rubber bs "47 Utah L& T 6344 A Utah P& L 63 44.. Util P& L 68°59 ww.. Ut P&L6%8'47.., 26'% 91y 4 10613 10419 9115 10615 . 1043 Vanadium cv bs '41.. VaEl & P 5s'b4.. VaRy4%s'62B. Wabash 4348 78.. Wabash 434s ‘78 ctfs. Wabash 1st 68 '39.... Wabash 2d 5839, Wabash 6580 D. Wabash 5%s '75 ctfs. Wabash Des M 4s '39. Walworth 65 45 A... Warn Bros cv 68 '39.. Warner Quin 6s°39. . Warren Br cv 6s 41 W PaP4s'61H.. W Pa P 1st 5546 1 W Sh 1st4s 2361 gtd.. West El deb 53 '44... West Md 1st 45 °52... West Md 5877 WNY&P1st5s'37, West Pac5s 46 A. ... West Pac 55 '46 A ast West Un 48 50 West Un col tr 55 ‘3! West Un 68 '51. West Un 55 °60. West Un 618 '36. Wheel Stl 4145 '63... Wheel St151:5 48 A, W Sp Stl 1st 7835 ct. W Sp Stl con 78 '35 ct Wilks B&E 1st 5s 42 Willmar S F 5840 Wilson&Co 1st 65 41. Wis C 1st gen 4s'49.. 104‘ 178 17w Y4ly T4% 1% 1Tl 544 4T 17 ‘l ) 3 54 20% 381 106 109 &4 105% 9214 99%, 106% 33 31% 51 3 8814 1017% 9515 1023 Youngtn S&T 6s'78A. 96% 96 Youngtn S&T 68'T0B. 96y 96% — = FEDERAL LAND BANKS NEW YORK. January Land Bank bonds (Quotations as of 2 o'clock.) 25 (#.—Federal PRODUCE EXCHANGE NEW YORK. January 25 (#.—Produce Exchange stock list. (Noon quotations ) Sales High 10 Admir Alaska 16 -5 Cache La Poudre 2% I fCarnegie Met.. 130 2 *Listed U. S. TREASURY NOTES. {Revorted by Chas. D, Bamney & Co.) Rate—Maturity. 2135 Mar. 15, 3 lfll .;vsz June 15, 102 FRIDAY, JANUARY 25, 1935. FINANCIAL %% A--17 OLD FLOW LIFTS STOCKS NEAR PEAK More Than 100 Million Con- signed for U. S.in Last Few Days. BY FREDERICK GARDNER, Associated Press Pinancial Writer. A new tide of gold moving to the United States is lifting the supply of the metal in Uncle Sam’s vaults toward record levels and muddying the foreign exchange outlook. With more than $100,000,000 en- gaged for shipment to New York the past few days, indications are the physical volume of the country’s gold reserve shortly will surpass the 1931 eak. PThe latest Treasury statement shows gold assets above $8,300,000,000. In terms of the former value of the dollar, that is equivalent to around $4,900,000,000, compared with the peak figure of a little above $5,000,- 000,000 recorded before England left the gold standard in September, 1931, and precipitated an outflow of the metal from New York. Financing Path Smoothed. Aside from its potential effect upon stabilization maneuvers, the flow of gold from abroad is leaving its impress upon the domestic money market 2| and Government financing. It is contributing toward mainte- | nance of interest rates at extremely *|low levels and smoothing the path for impending Treasury offerings. As a result mainly of the mounting | gold stock and Government spending, reserve balances of member banks of the Federal Reserve System have | reached a peak of about $4,500,000,000, | leaving them with a huge excess of | funds seeking investment outlet. Since the turn of the year the Treasury has deposited more than | | $150,000,000 in gold certificates with the Federal Reserve and yet retains |a “free” gold supply in its general | | fund of approximately $930,000,000. - 'currencles was followed by a Linked With Gold Cases. Metal now filling the strongboxes 1 of ships leaving Europe for New York ,Ls associated with the impending | “gold clause” cases before the Su- preme Court. The current movement started with the recent arguments on the gold cases. A rise in the dollar against | the French franc and other European re- | sumption of a flow which had vir- | tually dried up early in January. | Opinion among foreign exchange | observers is divided whether th= gold clause litigation in Washington or | doubt over the ability of the European gold bloc to weather the depression | without revaluing their currencies is | the dominating influence behind the | movement of capital to the United | States. Heavy imports in November b'.‘a"d December accompanied recur- |rent fears the gold bloc would not | | hold out. At any rate, dispatches from abroad | report “de-hoarding” of foreign capi- {tal held in Paris and other money | centers, much of it moving to the United States. 5| | May Postpone Action. | As some monetary students see the | | situation, accumulation of metal in the United States may postpone in- | | ternational currency stabilization, un- | less the gold drain forces an early | showdown on the question of revalua- | tion in France, Belgium and Hollard, | Leading members of the so-called gold loc. The United States has nearly 40 per cent of the world’s monetary gold | supply. Reserves of the yellow metal | FORT Cash in Banks Bonds— Freight Loadings Gain 9,280 Cars Above Week Ago By the Assoclated Press. The Association of American Rail- roads announced today that loadings of revenue freight for the week ended January 19 were 562,655 cars, an in- crease of 9,280 above the preceding week, 1,053 above the corresponding week in 1934 and 63,401 above the cor- responding week in 1933. Miscellaneous freight loaded during the week of January 19 was 201242 cars, an increase of 1,284 above the preceding week, 10,345 above 1934 and 42,455 above 1933. Less than car lot merchandise totaled 152,373 cars, an increase of 1,905 above the preceding week, but | decreases of 8153 below 1934 and 7,869 below 1933. Coal loading amounted to 137,600 cars, an increase of 5,670 above the preceding week, 8,584 above 1934 and 24,178 above 1933. Grain and grain products loaded‘ totaled 25,182 cars, a decrease of 1,094 | below the preceding week. 7,006 below 1934 and 1,709 below 1933. In the Western districts the loadings totaled‘ 15,375, a decrease of 5,826 below 1934. | Live stock loadings amounted “’l 14,941 cars, a decrease of 406 below the preceding week, 3,105 below 1934 | and 2,734 below 1933. In the Western | districts loadings totaled 11,395, a de- crease of 1,618 below 1934. Forest products totaled 20,722 cars, )‘ | 8:157.006° an increase of 802 above the preceding week, 1,042 above 1934 and 5.883 above | 1933. Ore loadings amounted to 2,820 cars, 81 below the preceding week and 382 below 1934, but 522 above 1933. Coke loadings amounted to 8.075,] 1,200 cars above the preceding week, but 272 below the same week in 1934. It was, however, 2,675 above the same | week in 1933. held by central banks and govern- | ments of 50 countries at ‘the end of October approximated $21,500,000.000 | in the present value of the dollar. The Bank of England owned about | $1,500,000,000 and the Bank of France about $5,500,000,000. As the figures | show, France is strongly fortified against a drain on its supply. But | aside from the “big three,” monetary | metal is thinly spread among the | rest of the trading nations, with Ger- many at the end of November down to $32,000,000. Consequently, the fresh How to the United States, it was pointed out is likely to strengthen arguments for “managed currencies” on the ground ! there is not enough gold to go ar~und for international trading purposes. —— REICHSBANK STATEMENT. e BERLIN, January 25 (P.—The Reichs bank statement as of Jani the following changes' in Reichsmarks: Gold and bulllon increased 30,000: reserva in foreign currencies increased 09,000: bllls of exchange and cheques decreased 154.843.000:. (llver and other coins in- 70.000: notes on increased 13.588,000; b P 75.000; tions sed otne - 5.107.000; other labllities increasea | 2 Total gold holdings. 79.186,000. Note caverage. .44 per cent. Rate of discount, 4 per cent, We Sell Buy Exchange Steel ’flr et Matched D.iot‘- Suites OFFICE FURNITURE AND EQUIPMENT BAUM’S 1416 Eye St. N.W. Mational 2184 LOANS Secured on D. C. Real Estate Reasonabdle Charges Prompt and Courteous Service PERCY H. RUSSELL CO. B 1731 K St Nw. Naw 1381 g Applications invited for Loans en lfl;enlu business and residential erties. Tyler & Rutherford, Inc. Mottoage Loan Correspondents Mutual Benefit Life Insurance Co. 1520 K St. N.W. Na. 0475 [ 4 N Massachusetts Investors Trust Prospectus on Regquest William W. Mackall, Jr. Investment Securities 218 Woodward Bldg. District 8431 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription Organized 1879—55th Year Completed SEE THE EQUITABLE FOR REAL ESTATE LOANS No Commissions No Renewals Loans Repayable Monthly Take 12 Years to Repay Your Loan If you need money for Buying, Rebuilding or Refinancing D. C. prop- erties, see the Equitable. Prompt and courteous af tention to all applications. EQUITABLE CO-OPERATIVE BLDG. ASSN. Orzanized 1879 JOHN JOY EDSON. President 915 F ST. N.W. IETH 55th YEAR COMPLETED WALTER S. PRATT Jr. Secretary NAT. 1741—— ANNUAL STATEMENT as of December 3Ist, €T Y. RESOURCES Federal Government 1934, of the KANSAS CITY LIFE INSURANCE COMPANY KANSAS MISSOURI £895--1935 ceee...$ 1,281,668.72 .. 10,189,260.00 Nor Pac 6s 2047. Nor Sts P 1st 6s Nor StsPés'41 B 100% 100% 1047 1047 106% 106 Peru 65 61 Poland 6s '40. Poland 8s 50. Prussia 6s '62 Prussia 6%s ‘61 DenverG&E 6s '51 st. Den & RG W bs 55.. D& R G W 6855 asst Det Edison 4%s'61 D. Det Edison rf 6s 49. Det Edison bs ‘62 Det Edison rf 68 65 - Detroit Edison 5s '62. Det Riv Tun 4345 '61. Ddge Br cy db 6s "40. Dul & Ir Rg bs Dul SS & At 5537 Duqu Lt 4%s'57 B Duqu Lt 18t 4% 6 BT V&Gacnbs'b Ertecv 4s” Erie Erie gen 45’9 Erferf bs Erterf 6s 76. Erie Penn col tr 4551 Fed Lt & Tr b6s 42 st. Fed Lt & Tr 6s'54 B. State, County, M\lnlc'pnl 2 .. 7,174,473.74 Railroad and Industrial Securitie: . Selen NONE First Mortgage Real Estate Loans— On Farm Property......... e On City Property. .. Real Estate Owned— Home Office Building. . Other Property .... Collateral Loans .... Accrued Interest on Investments Loans on Policies Net Premiums Deferred and in Course of Collection . TOTAL NET ADMITTED ASSETS. LIABILITIES Legal Reserve ...... Incompleted Policy Claims .. Claims incurred on which proofs have mot been fled or completed. Interest and Premiums Paid in Advance. Set Aside for Taxes Payable 1935. Other Accrued Expense: Surplus Assigned to Partici ng Surplus Assigned for Depreciation of Asset: Surplus Unassigned Paid-up Capital . Total Surplus for TOTAL New Insurance Issued In 1934, $ 87,973,388.00 Insurance In Force Dec. 31, 1934, $388,097,351.00 NO INCREASE IN PREMIUM RATES We have not increased premium rates for Life Insurance Policies or for Annuity Contracts, NO REDUCTION IN DIVIDEND SCHEDULE There will be no reduction or change of any kind in Dividends payable on Participating policies in 1935. The same basis of dividends effective in 1934 will be continued in 1935, J. F. Barr, Vice-Pres. and Supt. of Agencies 106% Chio Pub Ser 7s 47.. 109 Ohio Pub Ser 73%s 46 110% Ore RR&N 45 46... 106% Ore-W R R& N 43 '61 1024 Otis Steel 6s '41. 90 38% 109 110% 10614 101% 8T 38% 107% lfl’l'-x 109 110% 106% 102Y% 90 38Y% 108 107% 15,704,030.84 9,418,515.38 1,427,421.83 7,332,067.21 o 22,209.52 .. 1,894,103.19 17,031,853.19 1,990,680.59 eee...$73466,284.21 Queensland 6s 47 4 10T% Trusteed N Y Rk Shi Trusteed Am Bk “B' SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & C) Allh-chllmen Co. Bs 1937. 100% . Bect Sugar 6s 1¢ i CHICAGO PRODUCE. 'HICAGO. January . —Butter. unsettled; specials (93 4% extra ts (B8 Rhein-Main 7s '50. . . Rhine W El P 65 '56.. Rio Gr do Sul 6568 June couofr. .. Rlo Grdo Sul 7s ‘66 May cou off. Rio Gr do Sul 85 '46 April cou oft Rio de Jan 6%s ‘63 Aug couoft.., 16% Rome 6% '62.. Royal Dutch 48 °45... 109% 109% 109% Rumania 7s ‘69 Aug coupon off.... 41 41% 18 18 Pac Coast 5s ‘46 i PacG & E 5542 Pac Tel 1st 68 '37, Parm B'way 6%s '51. Par B'way b%s ‘51 ct 45 112% 108% 111% T6% 99% centranze T sthndare 0o ERES 4 O 1.; unmued extra firsts. cars, Par Pbx 5%3 "50 flle Park-L¥ 6%s 63 ctfs 20% Pathe Exch 7s '37.... 102 Penn R R con 4s '48.. 108% Penn R R 4%s 81 D.. 102% Penn RR4%s 84... 102% Penn R Rcn 4%s 60, 116% Penn R R gn 4% '65. 107% Penn R Rdb 4%s8°'70. 95% Penn R R 68°64...... 10T% Penn R R gen 6s ‘6 Penn R R 6%8'36. Penn Dixie C 6s 4. Penn P& L 4%s Peo G L & C ref Peoria & B 1st Pere Marq 1st 4s '56.. Py Marq 4%s 80 Phila Co 6s 6’ Phila El Co 4 Phila& RC&16s'78 75 Phila& RC& 16549 52% Philippine Ry 4s°37,. 23% Phillips Pet 6%s '39.. 102% PCC&StL4s'57 G.. 106% PCC & StL 4%8'77C. !06% PCC&StL5s’70A.. Pitts&WVa 41%8'60C Port Gen El 4%8 60 Port Gen K 4%s'60as 59% Port Gen El 1st b Porto Rico A T 6s '42. Postal Tel & C 6s°53. PubSEI &G 4s'71.. PubS EI &G 4%s 70 107% 5 5 | Pure Ol 6%s '37 101 118% 118% | Pure Oil 6%s '40 100% 39 914 | Purity Bak 6s "48. 87% 87% 87% —_— Reading 4%s 97 A 107% 107% 107% Reading Jei % Rep 1 & Stl B% 53 A. 101% 101% 101% Richfleld Oil 6s°44... 31% 31 31% 84% 84% 84%( Richfield O 6s 44 ctfs 31% 30% 31% 60 59 60 |RGWlstexin4s'39. 764 76 76 . - 94 9 M c—— o3 100% 100% 100% St Jo Lead 5%s'41...110 110 110 76 T4% 75 StLIM&SR&G4s33. 66 65 65 cases, 2R: fresh graded firsts, 4 cases, 27%2; current receipts, 25 cases, 27. FLANNELS ORDERED. NEW YORK, January 25 (#).—Dry goods jobbers, it was revealed, placed some substantial orders on flannels this week, but otherwise did not show much interest in Fall goods in the primary market here during the week. ..$62,780,376.00 385,407.52 405,799.32 225,000.00 77,960.96 Sao Paulo St 6s'68 July coupon oft Sao Paulo St 7s 40.. Sao Paulo St 7s '66 Sept cou off. Fe Arg 7s 42.. a F Arg 78'42 stp Shin'su El P 6%s '62. Stemens & Hal 7s 35. Silesia Elec 6148 '46. Sydnev 6%s 56 .... FondalJ&G 1,000,000.00 6,866,745.07 1,000,000.00 9,591,740.41 ceiisaaees..$73,466,284.21 Gen Steel ( 5* Gen Thea Eq Cl 40, Market Averages Compiled by the Associated Press. STOCKS In dust Rul: Net Shee . 17 53 x 102 Talwan El 6%s 71... Tokio 63 s ‘61 Tekio El Lt —_— UnStl Wk 6%s 47 A, UnStl W 6%s°'61C Uruguay 6s '60. 6% 1 Co T6% ep. Iron inclair Cons. Oil 7s 1937 Corg. 53 1041 108'% 108% 104% 104% 27% 2T% 106% 106% 106% 106% 101% 101% 1% 85% 88% 93 63 69 15 _ 60 Util. Stocks. wy. Warner Bros. 0s FOB.EIGN EXCHANGES. Gt N R gen d%l“l'l I. 'YORK, January 25 (). el 713 C. GtNR gen Gt N Ry 6% GtNRgen7s'38 A.. Gulf M & N 6s'60.... Gulf M & N 5%s '60.. Gulf Sta Stl 6%s "42. Hack Wat 1st 48 '62. . Har Ry-P C1st ¢s 64 Havana Elec 58 '61. Hoc Val 434599, Hoe (R) 634s°34 Houston O11 5% Hudson Coal 68 63... Hud & Man ref s '57. Hud & Man inc 6s '67. » 110% 110% 110% Venet MG B 78 '52... Warsaw 7s ‘68 Westphal EI P Yokahama 6s ‘61 . DOMESTIC BONDS. Abr & Straus 53543 1083 103% Adams Exp4s 48,.. 88 88 Alb&Sus 3%s 46 xtd. 102 101% Alb Per W P 68 '48... 56% 56 Alleg Corp bs « 3% 3% 64 631 26 25 24% lzm 105% 105% 105'% ¥5% 95 Y5 5 o) 118% % B RS i 25 Tokio. B rhai, 35. 1400 ‘Mexic C". fl ). imv York rk in, ‘Montreal, '100.035%. J. B. Reynolds, President C. N. Sears, Secretary 223 fo0tn SE 001 645! 5011028018538 MEN'S WEAR IN DEMAND. NEW YORK, January 25 (P).—A Prisk demand from visiting buyers for all types of men’s wear has developed this'week. Manufacturers report that sales to retail accounts are substantial. EASTERN BRANCH OFFICE, K. W. LAFFERTY, Agency Supervisor 407 American Soe-rily Bldg.—Phone Nat’l 3624 Washington, D. C. Alleg Corp 6s ‘50 otts Allis Chalm 6s°37... 1 00% Am Beet Sug cv 65’40 99% 99% W% Am Chain 6s°38.. 100% 100 100 Am & For Pw 65 2030 57 56 56% AmIcecvbs '63...... 6% 75 T6% 111 Bell Tel 88 111 Cent ret i Cent ¢% Il Cent ref 5 Il Cent 638 " ICCStLNOGSs‘63.. % !