Evening Star Newspaper, March 6, 1935, Page 17

FINANCIAL. U5, BONDS EASE; |[BONDS ON N CORPORATES GAIN Moderate Losses Contrast- ed With Rallying Trend of Junior List. By the Associated Press. NEW YORK, March &—Ccnfllctlng] trends featured today's bond market, with the United States Government list showing moderate losses against rallying tendencies in the secondary classifications of the corporate list. Prime company loans were generally firm. Interpretations placed upon the re- marks of President Roosevelt with re- spect to price levels and the debt struc- ture appeared to have some influence on the easier tone of the Federals, and the same factor was associated with a sizable recovery in the higher-yielding issues after they had shown early heaviness. The market settled down in the late trading, although Governments con- tinued around their lows, showing losses ranging from 2-32ds to 8-32ds of a point. There were scattered points of weakness in the general list, reflect- ing selling on special developments. Columbia Gas & Electric 5s dropped 11, points to 77'5. fqllowing an- nouncement of the Government's in- Junction suit under the anti-trust act. ElocAl’rlc f’ower Output Records Increase in Week By the Associated Press. NEW YORK. March 6.—Edison Electric Institute reported today that l Abitibl Pa&Pw 58 '53. THE EVENING STAR, WASHINGTO By private wire direct to The Star. LIBERTY. Hi 3%81932-47..... 1st cv 435 32-47. 10218 10210 10210 4th 4145 1933-38..10315 10312 10314 4th 4% s33-38 3d called.. 10122 10110 10110 4th 434 33-38 3dcalled reg.. 1016 1016 1016 TREASURY. 331946-48, 38 1951-55. 314 1946-49 314 1949-5! 3%s 1941 31,8 1944-46. +ee 10320 10310 10312 + 10320 10310 10312 10423 10412 10413 10422 10411 10412 10716 1078 10710 10516 1059 1059 33,51940-43 June 10711 1078 1079 33§ 1941-43 Mar. 10711 1078 1078 385 1943-47. 335 1946-56. ¥S 1044-54. 13 11 111 438-3% 8 1943.45 10518 10510 10510 4481947-52...., 1166 116 FEDERAL FARM 351947 102 1022 116 MORTGAGE. 10126 10128 10126 102 . 10320 10320 10320 HOME OWNERS' LOAN. 2%81939-49. 3s A 1952 48 1951.. - 102 «.a 101 . 10014 1005 1006 10124 10124 16 10112 10116 FOREIGN BONDG. Akershus 5s '63. . Antioquia Ts '45 B Antioquia 3d 78 °57 Antwerp 55 '58..... Argentine 5145 °62 Argentine 6557 A Argentine 6s'58 B.. . Argentine 6s'59 June Argentine 63 '59 Oct. . Argentine 6s°60 May. Argentine 6s '60 Sept. Argentine 6s'60 Oct. . Argentine 6s '61 Febr Argentine 6s ‘61 May. Australia 4%s " Australia 58 '55. Australia 5s'57. Austrian 7s *43 gtd Austrian 78 '67.. Bavaria S 6145 '45 Belgium 6%s 49 Belgium 7s ‘55 Belgium 7s°56 Berlin 6%s"50. . Low. 2:88 34% 95% 34% 9513 84 8% 1054 dl'n Received by Private Wire Direct to The Evening Star. High. Low. 2:55. . 1013 101% 101% ’40 102% 102% 102% 57 564 56 80U 9% T9% Allis Chalm bs "37 Am Beet Sugcv 6 Am & For Pw b8 2030. Am lcecv bs'S3... AmIGCh 5%s 4 Am Intl 53549 111 Bell Tel &: High. Low. 2:58. 110% 109% 110% 111 Cent coll tr 7 T8% L 77 106 105% 105% 105% 1047 104% 107% 107 107 109% 109% 1098 Am T & T deb 55'60.. 1121 1124 112% - 112% 1124 112% 113% 113 113% 11y 721 221 8l b4% 54k 54% 103% 1034 103% 105% 105% 105% . 104% 104% 104% 105% 105% 105% “0 109% 109% 06% 106% 106% lll% 111% 111% 103+ 103 103 110 110% 110% 102'% 102 102 6% T5% T54% R6% 86 864 3% 35 35 40 39% 39y 108 108 108 98Y% 984 98 102% 101% 101% 45 43 43 « 107% 107% 107% 61 60 60 6014 60 59% 59% T0% 69% 97 96% 931, 93% 82%, 82 82% 10275 102% 102% 103% 1034 103% 11815 11814 118% 122 121% 122 103% 103% 103% 62 60 60 67 6114 674 66% 65% 65% 81% 31'; 31 9 8% 8y 110% 109% 110% 109% 109 109 105!3 105% 105% 62 62 62 1037 1034 103% 118' 1175 117% 581 59 59 4l 41% 65 A. 105% 105% 105% 5B 106 104% 104% 85% 59 861 85% T6% 98% 100% 834 % 37 52% 70 Am Writ Pap 6347 Anglo-Ch Nitr 7s 45, Ann A 1st ex In 48 °95. Armour& Co 4%s 39 Arm of Del 5348 *43 Int Gt Nor 6s 52 AL IntG N adj 6s°52 A..- Int Hydro El és Armstrg Cork 5s '4 AT&SFead 4s '95 st. 5 5% Int T& T cv 43%s 3! 67 Int Tel & Tel 41:8°62 58 Int Tel & Tel 55 '55.., 61 InvEq6s'48 B ww 101 Towa C1st&rfds'5l.. 1 AT&SFeCA 43562 A T&SFRMt div4s'65. A T&SF TCSL 4s'58. Atl Coast L 1st 4s'52. Atl Coast L clt 4552 AtICLun4%s’6s... Atlantic&D 1st 4s'48. At1G& W I6s'59.... Atl Refin dep 58 '3 60 101 James F&C4s’39... 81 80% 80% Kanaw & M 4s'90 M 36% 36% 36% 105 113 75 59 105 105 106 68% 684 6x4 53 50 51 . 103% 103% 103% . 85% B86's 86h 991 993 99% .. 107% 107 107 100 100 100 100'3 100% 100% .« 63 62 62 624 6214 62% . 101% 101% 101% 93 93 07 60 Keith 6s'46. Kelly Spr Tire 6s'42. Kendall 534548 ww Ky &Ind T 4%s'61 Kings County Elev Bell T of Pa 65°60 C. . Beth Stl pm 5s°36... Bos& Me4%s'61J.. Bos & Me 55 °55 E Bos & Me 5367 Bos& N Y ALJ!'ES. Bot Con M 6%s'34... Bklyn Edis 5s°49 A Bklyn Edis 5552 E. . BKlIyvn MT6s'68 A ... Bklyn Queens C& S con 5s 41 stpd... Bklyn Un El6s°50... Bklyn Un Gas 5s°45. . Buff R&P con 4%s 57 Bush Term cn 58 '56.. Laclede G 5%s8'60D. LE& Wn 1st 58 °37. LE&W 2d5s'41. Th 96 75% 95% 37 106'% 116% 120% 132'3 1054 Lautaro Nitr 6s '5 Leh Val Coal 55 '5 Leh Val Coal 6s'38 L V Pa con 4s 2003. Leh Val Ter 5841, Lex & E Ry 55 '65 Lige & Myr 5s°61 Ligg & Myr 75 "¢4 Loew’s 6541, 106% 106% 117 116% 120% 120 13235 1323 105% 105% EW YORK STOCK EXCHANGE 40% |RG W 1stexin 4s'39 66% | St Jo Lead 5158 99% 99% 99% |StL-SF6s'50 B D. C., WEDNESDAY, MARCH 6, 1935.. High. Low. 2:55. Phillips Pat‘ 8°'39.. 102/ 102% 102% PCC&StL 4 106% 106% AT STEEL PLANTS Postal Tel & C5s8°63.. 45% 44% 45 PubSEl& G 4s°71... 107% 107% 107% PubSEl &G 4%s'67 108% 108 108 PubSEI &G 4%s'70. 103% 108 108 Pure Ofl 638 37 102 102 Pure O] 5348 *40. 105 101 103 Purity Bak 5s°48.... 89 88% B88% —_—— Reading Jer C 4s°51.. 99% 991 99% Reading R 4% 7 A. 106% 106% 106% Rem-Rd 5%8°4TAww 10!46 103 108 . Rep 1&St151:8'53 A 96% 96% Richfield Ofl 6s "44. .. 26% 26% Richfleld O 65’44 ctfs 26 26 63 68 10 10% lfl'lu 10714 107% 613 61% 465 45 11% Unchanged—Scrap Price Trend Encouraging. By the Associated Press. NEW YORK, March 6.—The de- clining trend in steel production has been arrested and the behavior of scrap prices is also more encouraging, sald Iron Age today in its weekly sum- mwary of the iron and steel trade. The production rate for the Nation was estimated at 48, per cent, unchanged from the previous week. “The opening of books for second- quarter business has failed to stimu- “ L-SFSI'SO Bof: late forward buying except in flat tLSW rolled steel’ asserted the review. L SW 1:! 2 “Strip mills are comfortably booked St L SW genrf §s '90. for the remainder of this month. Production of full-finished sheets this week is believed to be at the highest level since last Spring. “Despite this favorable showing in the lighter rolled products, steel de- mand as a whole has lost momentum. “A gradual accumulation of rail- road orders and a seasonal expansion of outdoor work are counted on to make up for any loss in tonnage that the mills may suffer next quarter be- cause of stocking by the motor car industry. RIA&L1st4%s'34 1 St L IM&S R&G 45'33 StLP&N W 5s'48.. StL-SF 45'50 A St L-S F 45’50 A ctfs StL-SF 4%s 8t L-SF 43578 cf st - 18 1 107% 107'\ 107% 83 8l BlY 107 107 107 filt 5% 5% 5'/. 5% 2% 2% 214 2":l 833, 83% 83% 104% 104% 104% 103 102% 1027 110 109% 110 58% 103% 4 103% 101% 93% 6619 San A&A Pass San AnPb S 6s Seabd A Liref 4s'59.. Seabd AL6s'45A... Seabd A L 68 '45 cf: Seabd A-Fla 6s': Seabd A-F Sharon S H5% Shell Pipe L 68 Shell Un Oil 55 Slerra & SF P Silesian Am 7s Sinc Con O 6%s l B. Sinc Con 0 7537 A Skelly Oil 5%s8°39. So Colo Pow 65 *47 A. So Paccol 4s°49.... So Pac ref 4s So Pac 4125 '68 So Pac 413869 el SoPac4%s’81......: So Pac Ore 4%s *17 So Rygen 4356 A. So Ry §s '94 So Ry gen 63'56..... So Ry 6%3°56. 104 103% 10 9315 66% farm machinery and tractor indus- try.” In scrap, saild the summary, the 941 | downward trend has halted in some 61. imarkets and has been retarred in 61% |wothers. 15| While steel scrap prices are steadier P generally, a drop of 50 cents a ton at Philadelphia lowered the Iron Age n- dex for heavy melting material to 8% 1$11.50 a groes ton from $11.67 in the 61 “Support is also expected from the | FINANCYAL. IDECLINE HALTED ~|ATTENTION SHIFTS 10 DROP OF YEN Production Rate Reported{Japan Takes World Lead in Textiles—Britain at Disadvantage. BY RADER WINGET, Associated Press Financial Writer, NEW YORK, March 6.—Foreign e A7 NEW YORK BAR SILVER. NEW YORK, March 6 (#).—Bar.; silver steady, !s lower at 57%. EXPERIENCED BOND SALESMAN will find im- mediate opportunity with established investment or- ganization. Leads of active security buyers will be supplied. State past con- nections, age, present status. All rephes con- fidential. Baird Television Preferred traders have shifted their attention from gyrations of the English pound and Deferred Bought, Sold, Quoted sterling to the quiet action of the| Japanese yen. ‘The fall of the yen from a par ol 84.40 cents, in terms of the devalued | American dollar, to the current 28 cents is much greater than the drop | of the pound from its new par of | $8.2¢ to the current rate of about $4.76. On that basis the yen has been de- preciated to about 33 per cent of its parity, while the pound stands at | about 58 per cent. To the man who buys and sells | merchandise in foreign markets, whether he be American, British or | Japanese, these changes may mean | life or death to his trade. The Japanese have taken world | leadership in textiles, for example, | and the British cannot regain those markets through depreciation of tne pound so long as the Japanese allow | the yen to drop with the pound, an | action taken in the recent sterling de- cline. Those who favored the policy of the| United States in depreciating the dol- | lar through increasing the price of | gold pointed out that this country| would gain an advantage in foreign | The cheapness of the dollar, trade. they argued, would allow America to undersell other nations. That advantage lasted for a while, then the other nations also depreci- ated their currencies, a move which C. B. Pennebaker Company, Inc. | Southern Bids. | Washington, D. C. National 2335 National 2313 ! “Dealers tn Unlisted Securities, | Specializing tn Real Estate Mortoage Bonds* f ENTERPRISE SERlAL 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 Stock Market Technician _New York Connec- tions maintains exclusive clientele resulted in a balance of currencies. Recent statistics released by Toyoji Inouye of New York, commercial sec- retary of the Japanese Embasy, show | that trade between the United States| and Japan last year was 25 per cent of Japanese trade with the entire| world. | Japanese exports to the United | g= States were 18 per cent of total Japa- nese exports last year, a decrease | from the 26 per cent figure of 1933, and Japanese imports of American goods were 32 per cent of total Japa- nese imports, unchanged from the previous year. —— DIVIDENDS ANNOUNCED | NEW YORK. March 6 (# —Dividends ' declared (prepared by the Standard Sta- tistics Corp.): Extra. Pe- Stock of Pa Marine Migl Tr NY-15¢ 20 S 20 Homestake Mining ... Increased. Coco-Cola Int... sS4 Rossia Insur 30¢ Roasia Insurance ....30c Stock. Monroe Pap Prod..257% .. Accumulated. Burdine $2.80 pf Regular. Am Cylnlmld A . previous week. The composites for 104% | pig wron and finished steel are un- 36, | changed at $17.90 a ton and 2.124 374 | cents a pound, respectively. i | Washington Exchange| 98Y% 98'y SALES. 104 104 91% 10434 \ 83% Washington Railway & Electric 45— $1,000 at 103. Capital Transit Co.—10 at 241,. Potomac Electric 67, pfd.—5 at 111':, 2 at 11115, Potomac Electric 5'.% pfd—3 at| 11432, ‘Washington Railway & Electric pfd. —1 at 103. AFTER CALL. Potomac Electric Cons. 55s—8$1,000 at 1041, American Security & Trust Co.—1 at 198. Bid and Asked Prices. BONDS. PUBLIC UTILITY Amer_Tel. & Tel 4'a ' Am: Tel & Tel. ‘col. th Ss. Anacostia, & Pot B8 na & Berlin Elec 6%s'51.. Bogota 8s'45.. Bolivia 7s’58... Bolivia 7s 69 Bolivia 8s 47 Brazil 648 Brazil 635527+ 51. Brazil 7s'52. Brazil 8s'41. Brisbane 5s* Brisbane 6s 50 Buenos A 6s°61 st PV Bulgaria 7s '67 July coupon off. . electric production in the United 110 States for the week ended March 2 was 1,734,338,000 kilowatt hours, against 1,728.293,000 for the previous “week. The gain last week over the similar period a year ago was 4.6 per cent, against a gain of 5 per cent the pre- vious week over a year ago. Percentage gains by sections last ‘week over a vear ago were: New Eng- land, 1.3: Middle Atlantic, 1; Central Industrial, 5; West Central, 3.9; Southern. 7.1; Rocky Mountain, 114, &nd Pacific Coast, 6.3. Long Isl gen 4; 105% 105% 105% | Southw Bell T bs ‘64 . Long Islunif 4s°49.. 104!; 104 104 |Stand OiIN Y 418'51 Lorrillard 68°61..... 115% 115' 115% | Studebaker 6s '42. €0v% 585 5914 | Studebaker 6s 42 cfs. 106% 106% 106 102 | Tenn Cent 6547 3 105% | Tenn EIPwr 6547 Al 106 | Term AsStL 4s’53.. 103 | Texarkana 5%s ‘50 81 Tex Corpcv 5s 44.... Tex & N O 55 '13. Tex & Pac 55 '11 B Tex & Pac 53°79 C 5313, Tex & Pac 55’80 D. 501y | Tex & Pac 1st 5 851y | Third Av ref 4s'60.. 102 | Third Av 1st 5837 11 | Third A ad in ex 102 [Tol StL & W 4s°50.. Mich Cent 45 °40... 1034 | Trumbull Stl 65 40 Mich Cent 41:5'78 961 MidRRNJ58'40..0 75% 75's 75'%|UnE L &P 5s°57 Midvale S&O 5s ‘36. 1034 [ Un El L& P 525 '54. MilER&S L 55’61 934 | UnO Cal 642 A. ... MilER&S L rf5s'71 9313 | Un Pac 1st 43 47 Mil Nor con 4138°34.. 65 | Un Pac 1st rf 43 2008 Mil Spa & N W 45 '47. 41% | Un Pac 4%s°67. MStP&SSM cn 4538 313 | Unit Biscuit 63 °¢3 MStP&SSM 6s ‘38 I‘XG 56" 86 | Unit Drug 6563. By-Prod Ck 5%8'45.. Calif Packing 65 '40.. Calif Pet 5s '39 B Calif Pet db 5148 '3 Camag S 75 '42 ctfs. . Can'dian Nt R 41551 Can'dian Nt R 433854 Can'gian Xt R 43’ sc Can Nat R41:58'56; Can’dian Nt R 4}s (I Can’dian Nt 58'69July Can’dian Nt 55'690ct. Can’dian Nt R 58 '70. Can’dian Nr db6128'46 Can’dian Nr db 7s "40 Can'dian Pc dbésperp Can’dian Pc 445 '46.. Can’dian Pc 412860 . Can'dian Pc 53’44 cfs Can'dian Pe 5s '54. CaroCl1 & O 5s'38 Cent of Ga con 58 Cent of Ga 55'59 C Centof Garf5! Cent [11 E & G 55 '51.. Cent N Eng 48 Centof NJ 4s Cent of N J gen Cent Pac 1st rf Cent Pac 63 '60. Cert'd deb5%s Chesap Cp cv cl 5 Chesap Corp 5s 857 85% 4 104% 102% 1028 E) 5 1097 110% 1037 103 1037 109% 109 109y 109% 109% 109% 104 103% 103% 112% 112% 112% 116 115% 1154 115% 1154 115% 124% 1244 1244 106% 106'% 1064 86 B4% 85 100% 100'; 100'y 9% 9T 9T 111% 111% 111% . 103% 103 103 107% 107% 16 trading in market. with uncanny accuracy. invites limited number . aew accounts. persons or firms OR Profit-Sharing Basis. Address Box 404-E, Star Office 104% 104 37% 36% 104'4 3T 37 1024 102% 5 110% + 10630 10626 10626 . 109 24 10924 10924 104 92 10415 L&Nrf51:s2003 L& NP&M4s’48 FIRST MORTGAGE M'Cro'yS 5}, s'41flled. & McKess & R 5148 °50. Manhat R 48°90 Manhat R 4s 90 ctfs Mead Co 65 '45 Met Ed 1. Met W S E1 Ch 4s '38. Mich Cent 3%s8°52... Canada 4s 60 Canada 4%s'36. Canada 5s’ Chile 6s '60. . Chile 65’61 Jan. Chile 65’61 Febr Chile 6s '61 Sept.. Chile 6s " . Chile 6s°63. .. Chile Mtg Bk 68 "61.. Chile Mtg Bk 6s 62. . Chile Mtg Bk 6148 57 Chile Mtg Bk 63%5 '61 Chilean Mtg L 7s "60. Christiania 6s'54.... Colombia 6s ‘61 Jan.. Colombia 6s ‘61 Oct.. Col Mtz Bk 6155 '47.. | Copenhagen 41:s 53 | Copenhagen 5s 52,0 Copenhagen Tel 58 ‘54 Costa Rica 7s'51 Nov Cuba 5135 '45.. Cuba 53s° Czechoslovakia 88 ‘51 —_— Denmark 43;s Denmark 5%s Denmark 6s ‘42 Dominic 1st 512 s MOTOR BUS INDUSTRY IMPROVES DURING 1934 By the Associated Press. NEW YORK, March 6.—Marked improvement in the financial condi- tion of the motor bus industry in the United States during 1934 and an increase of about 15 per cent in em- ployment is reported by Bus Trans- portation, trade organ of the industry. “Busses handled the greatest volume of traffic since 1929. according to the report, and the net income per bus was ‘couble that of 1933. To Loan on D. C. Real Estate 6% Prompt attention given to all applications CHANNON & LUCHS |" 1505 H St. Nat. 2345 ! 1114 102 10315 512 10615 1171 111 1075 1051 105 8944 95% Q s E] MoK&Tll'CZB .. i A.sked. MoK & T adj 65 °67... Mo Pac 4s°75... Mo Pac5s’65 A.. Mo Pac5s 77 F. - o 241 | Util P& L53%8'47 Guar. 24 | — 2214 | Vanadiumev 5s'41. . 23% | Ver Sug 1st 78 *42 ef! 24 |VaEI&P 5554 4% | Va EI&P cv 538 ‘43, 102”- 102% | Va EI&P 5%s "44 . 102% 102% 102% | VaRy 41:s'62 B 97 97% 97| Va Ry 1st5s'62 4% 9% 94% Wabash 41;s “78 Capital Traction R R. 55 . City & Suburban 5s.. .. Georgetown_ Gas 1st 58 Pot. Elec Potomac_ Kl Wash. G 6% 10715 1115 111% 106 1114 2514 7% 105 NEW YORK BANK STOCKS NEW YORK. March 6 (@ rity Dealers’ Association Quotations as of 2 o'clock.) Bid. 20 1074 ADDIIICEIIH ll 1118 113 106 11y Mo Pac 5 Mo Pac 5% Mont Cent Mont Pew ref s 5 4| Mont Tram 5s'41.... 105" 1085 10 | dor & Esx 2%4s 2060 6% | Mor & Esx 433 °55. 93 92y 92% 116 | Mor & Esx 5865 100% 100 100 24 |Murray Body 6%s°34 101% 101% 101% | Wabash 55'76 B. 51% | Mut Fuel Gas 5s°47.. 107 107 107 | Wabash 6s°80 D 20% 105 ipate 1034 —New York ChiB&Q4%s 7. ChiB& Qref 5s°71.. Chl B&QI1 div3%s 49 Chi B&QI div 4s'49.. Chi & E 111 68 '51. Chi & Erie 1st 55 '82. Chi Grt W 45’59 ChiGrt W 4 Chi Ind&L ref 6s Chi Ind&So 4s '36 CMA&StP 45'89. CM&StP gn 4125’89 c CMStP&P5s'T5.. CMStP&P adj bs 2000 Chi & NW gn 4s ‘87 Chi & NW 4%s 203 Chi& NW 43,349 Chi & NW gn 55’87 Chi & NW rf 55 203 C&NWNrwe Chi Rys 1st §s CRI&Prf4s'3s. & Prf4s ddct. &Pends88... P 41860, ... S 1si St 109% 109% 109% 2 2% 113% 118% 113% 99' 991 993, 1037, 103% 105% 62 62 Wash. Rwy. & Elec. 45 10212 MISCELLANEOUS Barber & Ross Inc. 6%s. 1414 | Chevy Chase Ciub 5iss... . 10: 14| Col_Country Club 3!3s 1 93151 D C. " Paper Mg 6s 5 | W. M. Cold Storage 5s... . STOCKS. PUBLIC UTILITY Amer. Tel LTel 9..... Capital sit Asked. < of Manhattan (1%2) Trust (1) oklyn Trust (4) . Han Bk & Tr (6) . Chase National (1.4 Chem Bk & T €ommercia) nt Bk & Central Tube. '’ mlumbll Pleluru .3 Elec Pow Ger 61850 Estonia 7s ‘67 Finland 6s'45. . 107% 107% 107% Finnish 6154 A... 1004 100». 100% Frameric In 73%s 42, 1093 1091 109% Frankfort 615s'53. 31% 3l French Gov 7%s "41.. 187 187 38 95 38 95 38 95 Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates Prompt action B. F. SAUL CO. 925 15th St. * Natl. 2100 k si Housetiold m..,:, i HdgiRc: re Ludlum Steel Wabash 2d 55 '39 54% b4y [ Walworth6s'45A. .. 104% 104% | Warner Bros cv 6s ‘39 3%, 3% | Warren Bros cv 6s'41 107% 10733 | W Pa P 45’61 H 10414 10415 | W Pa P 1st 58 °5i 100% 101 W Shist4s2 361 gld 5614 | W Sh 1st 4s 2361 reg. West'n E] deb 5s“44. ‘n :\lg st 43 °52. [ f i | Gen A g&:‘? e vest'n Md 5148 °77.. 99 H West'nNY&P 15t5s'37 ILO; Tobaces, - West Pacis 46 A. West'n Un 4%s '50 West'n Un col tr 5538 West'n Un 55 '51 West'n Jn 55 '60 West'n Un6%s36... Wheel Stl 4143’53 Wheel Stl 5138 z 87% | White S M 6s°36 xw. . 86 | W Sp St 1st 78°35 ct. 10214 | W Sp Stlcon7s '35 ct 5413 | Wilson&Co 1st 6s°41. 66 | WisC 1st gen ¢5°49.. 55 |WisCS&Dter 4536 65% Youngtn S&T 6s°70 B 45% 109" 108 109 | Youngtn S&T 5578 & GEIH&P 4s'49..112 112 112 N Y G El H&P 6s'48. 121% 1214 121% NY&Harlem31;552000. 101% 101% 101t $1.71 A SHARE EARNED Srigdewiads i io1 igiiiol’| Y REYNOLDS METALS |3 26% | By the Associated Press. gg},' NEW YORK, March 6.—Reynolds 3014 | Metals G\: m‘!‘:‘s‘i‘t‘i‘llfl:;" of meu: 74 | foils, and its sul aries reported nel 2241 profits of $1,642461 in 1934, after de- INVESTMENT TRUSTS 46%, | duction for taxes, extraordinary ex-| NEW YORK. March 6 (.—New York 341 | penditures and depreciation, against | Security Dealers’ ‘Association: 38% ) $1,446,636 in 1933. The 1934 net is (Noon ““"("Wm‘sd 48 |equal to $1.71 a share on common | Admin Fund R 1“;* stock, against $1.51 a share in 1933. :m Bankstoc] ™ Buthers Shrs 110% . lock Pund Cumumlve Tr 8 2¢| INSURANCE STOCKS Corporate Trust . % 221 22% 107% 107% | xpw YORK. March 6 @ .—New York 71 71 | gecurity Dealers Association 40 40 12% 12% 108 5 1131 Nat Steel s 55. Newb'ry (JJ)5 New J PRL 4% New Or P S 5852 A. New Or PS6s°'55B.. 67 New Or T&M 55 54 B 25% New Or T&M 5%8°54¢ 26l N Y Cent l‘it"" N Y Cent 4s " N ¥ Cent con 4 N Y Cent rf 4345 201 ¥ Cent rf414s2013n 51 Guaranty Trust (20) Irving Trust (1). . Manufacturers' Tr (1 s 3 = Wash. Ry. & El. 5 + ! Gelsenkirchen 6s'34. : NATIONAL BANK Ger C Bk A 6s '60July | Ger C Bk A 65 °'600ct. | Ger Prov & City Bk con Ag 6138 '58. | Ger Gov 5%s'65. . Ger Rep 78'49. .. Great Br & Ir 4590, Great Br & Ir 5%s '37 |Grlc El Jap 6%s '50. 603 394 3Ra 605 39% 38% 000000 DOOOOO DOOLOL © PO LOL © 42% 43 30% 40 105 1111y 074 s 49 FEDERAL LAND BANKS NEW YORK. March 6 (P.—Federal Land Bank bonds (Quotations as of 2 o'clock.) Bid, Asked. 1011 T01 5 10238 10313 101t FUNDS WANTED —in any amount. for investment in well selected first trusts vielding 5': and 6%. We can assist you in keeping vour meney steadils emploved at. orofitable ra TYLER & RUTHERFORD, INC. 1520 K St. NW. Natl. 0435 Amer. Sec & Tr. Co Natl Sav & Tr : Wash. Loan & Tr. (§). ... IS SAVINGS BANK Com. & Savines (6) FIRE msummcz privitg 8). . 4 101 91\ Grt C ElJap 7s'44. Harp Min 6s 49 w Italy 7s '51.. Ital Crd P W 7547 B. Ital P U Crd 7s"52... —_— Japan 5%58°65. Japan 6%s '54. Karstadt 6s ‘43 Kreu&Toll 58’594 cfs & &S 1st55°60.. & Sinc53°60.. n Sta 6135’63 C. Chi& W 1 con 4s'52.. Chi& W15%s’62... Chile Cop deb 55 °47.. CinGasEl 4s'68 A... Cin Un Ter 6s 2020... CCC&StL rf 4% 8'TTE. Clev Short L 4335 '61. Clev Un Ter 43%s77. Clev Un Ter 58’73 B. Clev U Ter5%s'12 A Colon Oil 6s'38 Colo [nd cl tr Col & So rf 43 Coldk Sou 4%;s'80asst. Columbia G & E deb 55’52 April...... ColumbiaG & E 4% 6552 May...... Columbia G&E 6s '61. 97% | Col R P L 1st 4%s ‘57 %| Com Inv Tr53%s"49.. Con Coal Md rf 68 '50. Con Coal Md 65’50 cfs Con Gas Chi 55 '36. .. Con Gas N ¥ 435 °51. Con Gas N ¥ 6s°57... ConG N Y 5348’45 reg Consumers Pwr 6s '62 Container deb 58 '43.. Container 65°46... ... Crown Will P 6s'51.. Crown Zell 63’40 ww. Cuba R R 1st 55 '52 Cuba R Rref 7%s” Cuba Nor RR 638 '42 Cuban Cane P 6s '50.. Cumb T & T 58'37.. —_— Del & Hud rf 4543 Del P& L 4%s'69. DenG&E58'51..... N N 841-31. .. 3 N ; 1134 1131 °0 NYC Mich C 3%s = NYCA&StL 1t 4537 NYC&StL 4%s°78... NYC&StL 648'74 A. Piremen Nlfionll Umon 4 60 TITLE INS! Columbia l.'m) 5'4 | Real Estate ¢ 95 e 94 a o Em. Brome 104 84 106% 106% 112 112 59 58 8 8 8 1097 110 . 8% 54 o4t E 81 30% 6% 9 80% 17 17 A Equitable Co-Operative Bldg. Ass'n| ASSETS $6,492,976.24 Organized 1879 55th YEAR COMPLETED. JOHN JOY EDSON. President WALTER §. PRATT. Jr.. Secretary. Subscriptions for the 108th Issue of Stock Being Received SHORT-TERM SECURITIES. (Revorted by Chas. D. Barney & Co) |Mex 4s'54asst.. Mex sf 55 '45 asst. Milan 6%s'52........ Minas Gers 643 '8 Sept coupon off. . Minas Gers 6%s'59 Sept coupon off. . Montevideo 7s°62. Allis-Chalmers Co 5s 1937, Amer. Beet Sugar 65 1940. . Am. Tel. & Tel. 525 19 Atlantic Refining 5s 1037 Bethlehem Stee California Pn,rzkmz 5;71"-)0 Corp, 4 3 31 & Lot hrvu ld 171 10 IR E Lo 1520 ex dividend payable March o 267 11 17% 41% 98 9T% 169% 72 102 101% 102 101% 101% 101% 104% 1041y 104% 94% 941 94% 100% 100% 100% 101% 101% 101% 81% 81 81 101% 101% 101% 99 99 99 NYNH&H 4s5'57.... NYNH&H 4%s'67.. Y NH & H cl tr6s'40 NYNH&Hcv 6s'48. N Y O&W gen 4s'55. . O&W ref 4s'92.. & Rich G 6s°'51. . S Rys 4%s'l Tel gend 13839, .. Trap Ro-:k €3 °'46. &B4 s w Niag h 105% 105% 111% 111% 33% 35% 331 35% 105% 1056% 103% 108% 106% 105% 106 106 % 10814 108'% 13 85% 85% 102% 103 99% 36 33 46 Nor Ger L1d 68 °47.... Norway 6s 63 Norway 63%s 6! Norway 6s'43. Norw Hy El 5%s ‘7. Norw Mun Bk §s '67. . Norw Mun Bk 55°70. . Oriental Dev 6s°63.. . Oslo 6s'55. OsloG & E §s Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? TINHOSE desiring money to purchase a home, refinance present indebtedness or improve should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to Repay Your Loan 915 F St. N.W. Nat. 1741 Atked G T e R Y Y T Y i ¥ N N N N N 102% : Depos BK-Sh > Ny s Asked mfm Ins i 6 Co, Bhas lum Diversified Tr Portland Gen Fl 5 101 Pure Oil Co. 1 Rep. Binciair Cons. Ol 78 191 Vlnndmm Cum 1< l" Wabash R Warner Bros. 6s 1931 U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) Rate—Maturity 128 Mar. Nort So 1st rt Norf&W 1st 4 14 | Norf&W 1st 45 '96. North Am Co 68 °61. ., North Am Ed 55’57 A North Am Ed 55°69 C North Am Ed 5%s '63 Nor'nOT& L 6s°47. Nor'n Pac gen 3s 2047 Nor'n Pac 45°97..... Nor'n Pac 433 2047, Nor'n Pac 55 2047 Nor'n Pac 55 2047 D.. Nor'n Pac 6s 2047 Aetua Cas (212%) Aeina Fire (1. mx, Aetna = Panama 6863 stp asd Paris Orl Ry 6%s"68. Pernam 7s'47Sep ¢ ol! Peru 6s 60 Peru 65 '61 Poland 6s ‘40 Poland 1s'47 Poland 8s°50.. Prague Gtr T3%s '52.. 43 161 15 43 161 15 8% 8% T8% 123% 1234 94 94 100 99% 107 107 43 161 15 x4 814 8% 123% 94 99% 107 Am Ins New %% | Fixed Trust Sn B - R’""“',;‘."" . Fund Investors Inc .. 82 | ATomonite 1) , | Eund Tr shrs A . a8 UL it | Incorp’ Imesmn 109 Boston mh 5 54% | Carolina (1 d Conn Gen Life, 76 5% 6% G l.u 800 lgg% 105% loliw City of N Y 824 8r% fl“‘i B 1034 105% Peme—— Den& RG 4%s8'36... ns k_Fil gi;v? ‘Palls. u‘ 30> Queensland 6s°'47... —_— Ru at Amer KLU Rhinelbe Un 78 '46 LONG TERM et o o bt Mar. 15. FOREIGN EXCHANGES. NEW YORK. March 6 (. —Foreign ex- change frm . (Great Britain in Joll others in bcenuq\—ore%(“ an‘g Italy. demand. &.4 - Demandc—nemgm zal K Bosiavakie 3 "4 A-‘x’}t‘r‘i. 19.150; Hus 1.03; | mnv.lnu 1 80n: n Shanghal. 2:50: Mexico City. (siiver D Sontreal. " in New York. flew York, in Montreal, ALASKA JUNEAU NET RISES. SAN FRANCISCO, March 6 (#).— Alaska Juneau Gold Mining Co. esti- mated a net profit of $169,000 for February, as compared with a net of $130,000 in January and $193,950 in February, 1934. RUBBER FUTURES. NEW YORK. March 6 (#). —crudn rub- bn tutuus opened weak. 17 to 24 lower. Mar 6; May. 11.93-12 .l“éli'. 12.06112.10. September, 12 Rhine W El P §s'52. RiodeJan 6%s 63 Aug coupon off.. Rio Gr do Sul 63’68 * June coupon off.. Rio Gr do Sul 7s°66 May coupon off.. Rio Gr do Sul 8s°¢6 April coupon off. Rome 6%s°52.. Sao Paulo St 78 °40. axon Pb W 7545 Saxon St Mtg 6%s Shin'su E1 P 6% Siemens & H 6%s '61. Taiwan El 5%s°71... Tokio 63%s ‘Toklo El Lt 6s°563 Trondhjem 6%s ‘57.. Un Stl Wk 6%s°47 A, Un Stl Wk 6%8°51 A. Upper Aus 6%s '57 unm coupon on. , Uruguay 6s°64...... 52 May co. Vienna Warsaw 78 ‘68....... Yokohama 6s°61..... 3% 374 39% 39% 16% 16 1% 37y 39% 16 1% 2% 2 0% BdU 844 n 84% DOMESTIC BONDS. Abr & Straus 6%s 43 Alb & Sus 3%5'46 gtd Alb Per W P 6 Alleg Corp 5 Alleg Corp Alleg Corp 6s'50. Alleg Corp 58 '50 ctfs Alleg Valley 4s°42... Alleg & Westn 45’98, “ 105% 105% 105% lm lm IMK 1% 17% 17% 108 108 108 90 90 9% et————————————— e, et e e Det Edison 4% Det Edison rf 5s°49.. Dodge 3 cvdb 6s’40. Dul S S &At 58 '37... Duqu Lt 4%s67B... —_— East Cuba S 7%s '37. E Tenn lien §s°38. ... EIP&S W ref 55'65 Eriecv 4s'63 B Erle 4596 Erie gen 4 Erie rf &s '67 Erie rf s Etie Gen Riv 65 '57... 41 109% 8% 103 94 12 101% T4% 62 61% 116 90 58% —_— Fed Lt & Tr6s'42.... FlaECRy 4%s'59.. 103% =88% 81% Gannett 6s°43. Gen Cable 5s Gen Steel C5348°49.. Gen Thea Eq 65 40 Th Gen Th Eq 6s'40cfs. T Goodrich 6s '45 . 97 Goodrich 638 '47.... 108% Goody'r T&R b8 105% Goth Silk Hos 6: 88 Gr Tr'k of Can Gr Tr'k of Can 7s'40. 105% A. 122% Gulf M & N 6%8°50.. Gulf Sta Stl §%s°43. Har Ry-PC1stds’6¢ 94 Houston Oil Hfi: '40. 57. Hud & Map ref 65 °57. . 41 41 109% 109% 8 84 102% 102% 93% 93% 72 72 101 101 4% 14% 60 59 59 116% 116 89% 89% 55 55 108% 103% B8 8% 81% 81k ™ Th % TH 96% 96% 108% 108% 105% 105% 88 88 06% 106% 105% 106% 102% 102% 70 T 695 Nor Sts P 1st 5841 4 106% 1064 106% NornStPés’41B... 108 108 108 Ohio Pub Ser 713546 111% 1117% 111 Ont Pw Niag 65 '43... Old Ben C 1st 6s "44 Ore RR&N4s 46... 109 109 Ore Sh L 5546 gt . 118% 1184 1187 Ore WRR&N4s l 104% 104 104% Otis Steel 6s°41. . 80 1 177 —_— PacG&Ebs'42..... 107 107 107 PacRR Molst4s'38 100 99 100 PacR R Mo 2d 65 '38. Par-B'way 51 °51 Penn O & D 4%35°81.. 105% 103% 103% Penn R R cn4s’48 stp. 110\‘ 110% 110% . 104 103% 104 119% 118% 118% . 106% 106 .« 113% 113% 113% - 104% 104% 104% Pere Marq 1st 4s'56.. 72% 72% 72% Phila B&EW 48°43.... 109% 109% 109% 4% PIIIII.RCIIS 13 70 61% 69% bar AT 46% 46% Philippine Ry 45°37.. 23% 23% 28% Hahinx Hanover. Ha Sel Am B Selected Am Sh In } Selected Cumul Sh Selected Income Sh ... Spencer Trask ind Stand Am Tr Nor River n ;hoznlwx.; oy t Paul Fire (6) Shrineheld (412) . un _Life avelers us) 99 43Y, : 4 extras. Jated of DAl so far this year. CHICAGO PRODUCE. h 6 (P —Butter. 6.403: choo March 6 (B o5 w“& BiIDFmDD! EEdet 3 U. S. TREASURY POSITION. By the Associated Press. A Treasury on March o s en"fa"'un 006 504,50 Spend H m !75 lur extras (¢ 29a29%5: Gustoms ““ R (since July T Alarel e 7&1 910,087 el’pendlluraa B firsts. 22%: mrlledncked extri ludi; $2.309.215.. ‘r‘:d !Nefllrlzxtrl Ml!l o e ;5 ml\eeel’-‘i-“t'r“i:nn 3. 1934 (emunble $11 53351.80 e!”‘gdl- customs for the 968.14 Receints 10¢ ihe fscal year, 81910 3482, expenditu '$4.305.863 56"t KX uzmocs K 813.96 of ex- nu,nua...u. .M4 shipments. 717 0 supolies e Round. Whites. 10%y, 23t Mieht chigan Ruseet, Ril stocl teady. demand lnd N’l‘;dlnl .52 !71 4714 mn 02; rals. -onlh. No. Eohi rates, Bliss Tri 1. 'IIM very Poul T assets. 717 trucks e 17 PHILADELPHIA PRODUCE. PHILADELPHIA. poultry, nev-nntchld 'flnrollcm 2'.:123. l“m' turkeys. mixed, choice. Dressed poi 8% poun: Mortgage Loans Monthly Payments of $6-60 on each $1,000 borrowed, include interest and pay off loan in 20 years. o Interest charged only on unpaid balance of principal. e Amount loaned—up to 60% Other plans of of appraised value. financing first mortgage loans o Valuable prepayment privi- available. H. L. RUST COMPANY 1001 Fifteenth Street National 8100