Evening Star Newspaper, March 10, 1935, Page 61

F U.5. BONDS STEADY AT SESSION'S END Investment Circles Cheered, but Rest of Market Beats Time. By the Assoclated Press. NEW YORK, March 9.—With the exception of steadiness in United States Government obligations, the bond market idled away its short ses- sion today without getting anywhere. Investment circles were cheered at the lack of pressure in the Government list, and this lent encouragement to some loans in the industrial and util- ity section, which showed fractional improvement under light demand. Most of the Treasury issues were 2-32 to 8-32 higher at the close and nearly that much improvement was shown by Liberties and indirect obligations. The persistent downward trend in railroad securities was halted, tempo- rarily at least, but there was little enthusiasm for accumulating these bonds, except in isolated cases. Penn- sylvania general 4!%s were 3; higher at 1067, Erie 5s gained !, at 594 and New York Central 5s were !; higher at 541;. Declines were shown by Southern Railway 4s, Missouri Pacific 55 and Northern Pacific 4s. In other divisions the best showing was made by utilities. North Ameri- can 5s gained 1!, points at 88, Con- solidated Gas 5'.s were !4 higher at 1061, and moderate improvement was shown by Federal Light & Traction 5s and Laclede Gas 5s. Among a hand- ful of industrials improving were United Drug 5s and Youngstown Tube 5s. The Associated Press averages 0.1 of a point higher to 0.1 of a point lower. ‘The ‘oreign section was quiet and without feature. Some improvement occurred in British Dominions bonds. Transfers aggregated $7.461,000, par value, compared with $6,563,000 last Saturday. By the Associated Press. CHICAGO, March 9.—To a notable degree weakness that developed in grain markets today resulted from bearish action of securities and cotton, especially cotton. Scattered liquidating sales were a feature in all the grain pits. On the wholé, trade sentiment was more pes- simtistic than has recently been the case. ‘Wheat closed unsettled, lower, May, 95'. to 1's down, May. 81-81l; oats, 1¢-12 off, and provisions showing 5 to 25 cents decline. Grain range at today: Y8-7s met principal markets Low. Close, closé *. : Marcy wm:n pe oo Liverpool Winnipeg . Liverpool. JULY WHEAT— Chicago. 9075 Minneapolis a9 Kansas Cit. Winnipeg verpool s SEPTEMBER WHEAT R ETES Minneapolis. . Kansas City Liverpool. Oct. Exchange, 4. MAY CORN. Chicago. . - ., Kansas City JULY CORN- Chicago. .- . Kansas City. Sinneapolis. Winnipeg Chicago Cash Mzrkel. Wheat, No. 2 dark hard, 1.04!2: No 2 red, 97':; corn, No. 3 mixed, 86, mainly white; No. 3 yellow, 83%; No. 3 white, 88'2; oats, No. 3 white, 50- | 51%; no rye; barley, 68-1.20; nmmhyi seed, 16.75-18.00 hundredweight; clover | seed, 15.50-20.15 hundredweight. NEW YORK PRODUCE. NEW_YORK. March 0 (@ .—Butter. 23, steady to firm. prices unchanged 23; slow and unchanged. 3 * unsettled. Mixed colors: acks or selecuons from fresh re- Y { and commercml 5. : All whlu eggs unc bmrns sale of premium marks, nearby and w 1 packs, private sales t 4 Western standards. “Live poultry weak: all freight auotations unchanged: all express grades unquoted. Dressed poultry irregular; all fresh and | frozen grades unchanged. e A, INVESTMENT TRUSTS NEW YORK. March 9 (#.—New York Becurity Dealers’ Association: B Admin Pund_w Gen _Sec Am & S secss ‘Am Bankstocks Am Am F A Depos Ins Shrs Diversified Tr B Diversified Tr C Diversified Tr D Dividend Shrs Fund Investors Fund Tr Shrs A Fund Tr Shrs Huron Holding Incorp Investors . Sec Corp Am A Corp Am Trust F Shrs Trusteed Industn 8hirs Trustee Stand Inv Truslee Stand Inv 5 Trustee St Oil A Trustee SLNOII Bhrs B i m Bk B »n‘z’fi"c'fm"nna I 212 5 2 5 +: corn, unchanged | “ | ness, higher pric acaad, nngan INANCIAEL. Commodities Dip| WHEAT AND COTTON DE- CLINE; HOGS ADVANCE. S WHEAT PRICE ey NEW YORK, March 9 (P).— Commodities were generally lower this Friday than they were a week ago. Wheat (No. 2 red, New York) closed at $1.12%, a decline of .0235; cotton (middling upland, New York), moved .15 points low- er, closing at 12.45; and hog tops, selling at the highest price since 1930 in midweek, closed .20 higher at $9.75 per hundredweight. —Copyright, A. P. Wirephoto. Commodity Price Changes for Week BY H. N. McGILL, Editor, McGill Commodity Service, Inc. AUBURNDALE, Mass., March 9 (#). —Commodity prices during the week ending March 8 again moved upward, establishing a new high. Individual price changes, however, were mixed, and a review of 14 individual groups shows five at higher levels, while five declined. Four groups remained the same as in the previous weck. As in past weeks, the principal price strength was confined to two groups—namely, live stock and vegetable oils. Industrial prices recorded the third consecutive decline, although in each case the decline was extremely small Preliminary figures pertaining to in- dustrial activity indicate a sidewise trend rather than any disposition to move upward or downward. Farm Prices Down. Agricultural prices were also lower, representing the second consecutive decline for the month. The index is now at the lowest point since early October. Price declines predominated, as lower quotations were recorded for wheat, corn. oats. barley. rye. cotton, flaxseed and butter. Price strength was confined to three items—rice, beans and eggs. Live stock prices successfully ad- vanced to a new high, reflecting higher quotations for hogs and sheep. Cattle, however, did not reach new high ground, but declined moderately from the previous week. Paint materials recorded a substan- tial increase under the leadership of price strength in linseed oil, rosin and turpentine, as well as white lead. Shellac was the only item that de- clined. Fine textiles reached a new low for the year and also ruled under the minimum recorded in 1934. During the week lower prices were noted for cotton, silk and worsted yarns. Coarse textiles also lost ground, due entirely to burlap, the spot price break- ing under the 6-cent level. Vegetabie Oils Soar. Vegetable oils reached a new high of 83.6, which compares with an in- dex of 533 a year ago. Although cottonseed oil recorded some weak- levels were noted in coconut, corn, linseed, chinawood, ’ palm and soya bean oils. Most important price changes in the McGill weekly index (1926 equaling 100) were as follows: All_commodities Industrial Agricultural Live stock Fine textiles' .. Vegetable oils. Daily Price Index. NEW YORK. March 9.—Index of 15 staple commodity prices (December 31. 19 L equals 100; 1926 average equals Ruhbl‘r pound Wheat, bushel Corn, bushel Hogs. cwt. . Silver, ounce Steel 'scrap. Sugar._pound '’ is. 082 .03 (Copyright, 1935, by Moody's.) Commodity Futures. New York markets as compiled by the Associated Press: not, quiet; Santos No. 4, B2 Quiet:. sates. 1:000 May, 5.40n; July. 5.51n: Beptember, ember. 570, = Santos futures steady: 2000 bags; March, 8.82n: May. 8. July. 8.5 September. 8.47n: De- cémber, K47n RAW HI! DE_Futures closed, dull. un- March. 8.95n; June. 58b; December. 9.90b; salt D CRUDE’ RUBBER— Putures, closed, easy. 15a18 jower: sales. No. 1 d. Dividend Changes By the Associated Press. NEW YORK, March 9.—Favorable dividend changes in the last week totaled 29, against 35 in the previous week. Unfavorable changes num- bered 9, as compared with 13 the week before. Details of changes: Favorable. Increased—Borg-Warner, Sunshine Mining, Coca-Cola International, Gen- eral Printing Ink, Rossia Insurance, Landed Banking & Loan, Northwestern Drug, Coca-Cola. Resumed—W. A. Sheaffer Pen. Extra—Federated Department Stores, Wm. Filene & Sons, Idaho- Maryland Consolidated Mines, F. & R. Lazarus, L. A. Young Spring & Wire, Marine Midland Trust Co. (N. Y.), American Druggists Fire Insurance, Homestake Mining, Lehman Corp., Sparta Foundry, Taylor Milling, Mead Johnson & Co., Federal Insurance, Munsey Trust Co. (Washington). Initial—Beatrice Creamery new, Kansas City Fire & Marine Insurance, Roos Bros., Sparta Foundry, H. L. Green, Norwich Pharmacal. Unfavorable. Reduced—Alabama & Vicksburg Railway, Northwestern Investment & Holding Corp. 6 per cent preferred, Pepeeko Sugar, St. Joseph, South Bend & Southern Railway; Vicks- burg, Shreveport & Pacific Railwa; Workingman’s Savings Bank & Trust ng. (Ymuburgh). Guaranty Trust Co. N. Y)., Passed—New York Shipbuilding Partic Shares, New York Shipbuilding Founders’ Shares, THE SUNDAY STAR, WASHINGTON, D. C, MARCH 10, 1935—PART FIVE. SUMMARY OF BONDS ON THE NEW YORK STOCK EXCHANGE FOR WEEK ENDING SATURDAY, MARCH 9, 1935. U. 8. GOVERNMENT BONDS. LIBERTY BONDS. Net High. Low. Close. Chge. 3145 1932-47. . 10310 10231 1st 4%s'32-47,.. 10217 102 9 6 4th 4%,s'33-38... 10315 103 6 4th 43,5 '33-38 . 10127 10023 3decld. 101 22 100 20 4th 4%s " 3dcldreg... TREASURY BONDS. 351946-48. . 10324 38 1951~ 103 24 35 1951-55 rg 103 5 3%s 194649, 104 24 345 1946-49 reg. 104 17 3% 1949-52 3381941 31,8 1944 . 3148 1944-46 reg. . 3%s 40-43 Jun. 3%s 41-43 Mar 338 1943-47. 3% s 1946-56. 45 1944-54. 4s 1944-64 reg. 4%s-3%543-45... 43(s-338 43-45 18 4145 1947-52 104 16 10216 10131 108 27 103 29 103 11 104 28 104 17 104 28 16719 105 17 104 29 107 20 10717 106 30 109 28 11124 111 5 105 20 106 6 116 14 100 20 100 20 102 19 101 26 10317 101 15 10418 102 24 103 19 104 15 104 14 103 28 107 108 24 108 24 102 28 103 24 113 6 10224 102 25 103 5 103 24 10417 103 26 106 24 104 21 104 29 106 18 106 17 106 10 109 26 11014 111 6 104 24 105 6 11518 103 11 102 15 10313 100 28 100 28 103 4 103 7 103 5 104 3 104 17 104 5 107 5 104 31 104 29 107 2 107 3 11522 FEDERAL FARM MORTGAGE BONDS 102 14 100 20 3s1947. 10212 9916 3s 1949 104 10114 315 1964 . 102 5 10115 . 102 6 10118 . 104 103 8 . 10016 9929 100 100 . 102 6 101 8 5 23S 1939-49 reg. 10214 9918 35 195! 10116 10019 4s 195 FOREIGN BONDS High. 37 96 901 94 930 ] Argemlun 2 8 Argentine 65 A" Argentine 68 Argentine 6s A\runnne 6s zentine 6s Argentine 65’61 Feb. Argentine 6s'61 Ma. Australia 4128 ‘56 Australi; .. Australia 58 '57. Austrian 7s '43. 107'5102 Belgium 6s” 116'% 110% Belgium 7s'55... 110% 105 Nvl).mm .! ‘56 » Bremen State 551: Buenos A 6s'61 Pv x 62% 55's BuenosA6!:s'61Pv stpd. 107'4 10415 Canada 4s '60. 1131 110% Canada bs '52 ile 6s '61 Febr... 2 ile 6s S 11% Chile 65 & 12" Chile Mtz B ¢ 9% Chilean Mun 1 90 Copenhagen 95 ‘openhagen Tel 10% Cunda’amarca 6 981, Czechoslovakia 88 105 96% 91 Denmark 4'.s'62 101 98 Denmark 105 101'¢ Denmark 6s —————— 104% 101's Finland 6* 190 184% French 7 48% 41% Ger Con Ag 6':s'58.... 37l 28% German 528 '65. 47% 39% German Rep 7s '49 119 1085 Great Brit & Ire 4s 116% 110% Grt Brit & Ire 51383 _— 941 89 Italy 7s '51. 89 84 Italy Crd PW 7547 85 767 Italy P U Credit7s sz 8414 T7% Japan 5128’65 97 90 Japan6'zs'54 . _— 34 26 Kreug & Toll 58’59 cfsA 85'3 7% Milan 618’52 102': 100 10215 100 171 1644 1028 98 103 99 104% 101 Norway 6s'52 97 88 Norway Hy El5 —————————— 791; 74% Orient Dev 53355 811z TT% Orient 6s'53... . 9% 81 Peru 6s'60 974 87, Peru 6s'6 12615 1143 Poland 7s 36% 28Y% Prussia 6s ————— 109 105% Queensland 6s '47 110 106! Queensland 7s'41 —_— 43'; 39 Rhine West 6s . A 43 38% Rhine West EI P 6s'53. 43'; 38% Rhine W E Pfis v 87% 79% Rome 6128 '52. — 91% 176% Sao Paulo State 7s'40.. 42y, 34% Saxon 7s’'45. —_ 81 74% Taiwan El5%s’7 90% 881 Toho Elec Pwr 7 79% 72 Tokio Elec Lt 6s'53.... ——n 41 341 Unit Stl Wks 6%6s A '47. 43 35% Unit Stl Wks 6138 A 51, 41% 35 Uruguay 6s'60. 41 347% Uruguay 6s764.. [ttt A 733 65% Warsaw 7s'58 43': 35% Westphalia EI P 6s'53. ——— 85 80% Yokohama 6s '61 DOMESTIC BONDS 105% 103% Abram & Strs5%s"43.. 105». 751 68 Alleghany Co 5s’44 66% 58'% Alleghany Co 55’49 sln. 26 174 Alleghany Co 58 '50. . 1813 26 171 Alleghany C 55’50 ctfs. 19 101% 100% Allis Chalm 55 °37... .. 101». 102% 99% American Chain 6s '38.. 102% 611 54 Am & For Pw 5s2030... 57 107% 105'% Am I G Chem 5%s'49.. 107% 94 85% Am Internat5%s 49 90% 112 105 Am Roll Mill . 107 1057 103% Am Sm & Ref 5547 10574 104 103 Am Tel & Tel gold 103% 10815 106% Ami Tel & Tel 4155°39.. 107 1107 108 Am Tel & Tel cl tr 5 46 109% 113 111% Am Tel & Tel db 5 . 1121 113% 111 Am Tel & Tel 55 '65 112% 113% 111% Am Tel & Tel 52 113% 97% 89 Am Wat Wks 55’44 92% 25% 22% Am Writ Pap 6s'47. 2314, 1031 102~ Armour & Co 43539 ... 1031 106% 103 3. 106% 106 101% .. 106% 11106 106% A T & § Fe gen 4s 95 110 106% A T &S Fe 475548 1031% 100% Atlantic C L 1st 4s '52.. 9215 86 Atlantic CL 4%s 64 108 207% Atlantic Ref deb bs 37, ittt 105 95% Baldwin Loc 5s40. 104 100 B&O1st4s'48 60% 421; B & O 4%35°60 109% 105'!: B&O 1st 5s’48.. 77 B&Oref 55 A'95 59 B&Ob6s'96F.. 59 B&Oref5s D 2000.. 69 B&O6sC'95... 96 B&OPLE&WYV 4s’41, 92% B&OS W Div bs 80% B & O Tol C div 4s'59... 104 100% Bangor & Aroos 4s°51.. 119% 113% Bell Tel (Pa) 6s B '48 122 116% Bell Tel (Pa) 55 C '60 104% 103% Beth Steel p m 5s'36 115% 107% Beth Steel rf 5s '42 79 64 Boston & Maine 5s 110% 1081; Bklyn Edison 5s A '49.. 106 104% Bklyn Man Tr 6s A '68.. 105% 103% Bklyn Un Gas 5s°50.... 104% 100% Bklyn Un El 58 '50. 0% 57% Buff R & P con 438 '57. 51 38 Bush Term cons s’'55.. New Sou Wales New Sou Wales Nord R Norway 5 Norw 104% 103% California Pack 5s 40 114% 109% Canada Nat R 433’5 104% 102% Canada Natl 4125’54 115% 109 ~ Canada Natl 4%s '56. 118 112% Canada Natl 55’69 July. 114 120% 115 Canada Natl 55’69 Oct. . 1163% 125 19 Canada Nordb 6%s’'46. 124% 1075 106% Canada Nor db 7s'40... 107 87% 84% Canadian deb 4s perp... 86% 99% 96% Canadian Pac 43;8°60.. 98 104% 102% Canadian Pac 58 '54.... 104% 26 16 Cent of Ga con 58’45 1 85% 71% CentIIIEl & Gas bs « HOME OWNERS' LOAN BONDS 101 25 10122 103 16 100 5 100 101 22 370y 9474 87 92 92 991; 1021 3 1031 1873 46 3113 411 110% 112% 90 86 767 8015 93% 30% 34% 81 89% 9 344 37 3574 35 1% 103, 581 40 104% 111 103% 111% 109% 108% 113% 116% 124% +.14 +. 8 +. 7 -.22 -.24 =13 -9 -. 6 -.16 +.15 -.12 +.12 -.3 +.13 +.12 4. 8 -. 5 -.16 -2 +. 6 -2 -5 -8 -9 +.31 =10 . 10116 101 9101 9 ~, 2 Net Low. Close. Chge. 34% Z 52 -3 = *o114% 2% -2 — 1035 — High. Low. 101 98% Cent Pac 1st rf 4s'49 81%4 173% Central Pacific 55’6 6% 3% 76% 67% Certain-teed db 5% 0% 105 101% Chesapeake Corp 5s '44. 105 106% 103% Chesapeake Corp 5s *47. 105% 119% 114% Ches & Ohio gn 438 '92. 119% 111% 108% Ches & Ohio 41,8 A '93.. 110% 111% 108% Ches & Ohio 41,5 B '95.. 110% 112% 110% Ches & Ohio eon 5s '3 50%. 41% Chi Alton ref 3s'49 109% 106 Chi B&Q Il div 4s " 110 106% Chi B&Q gen 4s'58 1095 106% Chi B&Q 4%s B'77.. 114% 111 Chi B&Q ref 55 '71. 58 Chi & Eastn 111 55 '51 23% Chi Great West 48°59.. ., 21% Chi Grt West 48’59 stpd. 14% Chi MSt P& P 58'75. .. 3% Chi M StP&P adj 552000 16% Chi & N W 4158 2037.... 16%: Chi & N W 4%s C 2037.. 135% Chi & N W 4%s'49 51% Chi& N W 6%s 36 11% ChiR 1 & Pref 4s '3 12% Chi RI& P 4%s 52 10 5% ChiRI&P 1st4%s 60, 109% 108 Chi Un Sta 45’63 109% 108 Chi Un Sta 58 '6: 115 1183 Chi Un Sta 6%s'63.. 98% 92 Chi& W Indcn4s’52... 105 Chi & W Ind 5%s°52.. 65% 58% Childs Co deb 5s'43. 86% 79 Chile Copper db 5s "47. 112% 110 Cin Un Trm 58 2020. 4 55 CCC&StL4%sSE"T 68 CCC&StLisD’'63 82 Clev Un Term 4%s 871 Clev Un Term 58 B'73. 97% Clev Un Term 538 '72A. 38 Colon Oil6s'38........ 89Y% Colo & Sou ref 4‘15 '35 757% Col G & E 58’52 Mly fllh 7313 Col G & E 58 '61. 112 1103 Comel Invest 5158 43 39% 29 Cons Coal (Md)rf 5s'50. 108% 99 ConsGasN Y 4158’51, 105% 102% Cons Gas N J 106%9 105 Cons G N,Y db 5'%s'45 40'3 29 Cuba RR 1st5s’'52 50 37 High, Low. . 100% 98% Cuban Cane Prod 6s Cumberland T&T 6s 9474 80 Del & Hud rf 45’43 39% 24% Den & R G con 45’36 12 T3 Den & R G W 5855, 11 6% Den & Rio Gr 5s'55asst. 21 12% Den& RG Wrf 5s'78. 111% 108'% Det Edison ref 5s'52 110 108% Det Edison ref 5s'5 107 105% Dodge cv deb 6='40.. . 110 107'» Duquesne 1st 4}38°'67... —_—— 11% 7% East Cuba Sug 7338 '37. 102 971 Erie con 4s'96. 19% 73% Erie gen 48’96, 74% 60 Erieref5s’67... T4 59 Eriereffs” _— 12% 7% Fla East Coast 58 '74... P ———————EAAAY 89% 87 GenCable5%s’47...... 94 80 Gen Steel Cast 513849, 91; 7 Gen Theater Eq 65 '40.. | 9715 93 Goodrich 6s'45. . 109% 108 Goodrich 6128 '47. 106 104 Goodyear Rubber 5 | 107:4 106% Grand Trunk 6s '36. 106% 105% Grand Trunk 7s"40. 104 99 109% 10 10 895 82% 7',- GriNor Rrf 428’61 A ireat Nor 4128 D '76 2 Great Norgn 5138 B'52. 84); Great Nor gen 7s'36.... 447% 40' Hudson Coal 55’62 397s 35% Hudson & Man adj 90" 87 Hudson & Manrf s | 111% 109 111 Bell T 1st rf 55°56 A. 110% 86% 804 111 Cent ref 4s 81 631, 45 Il Cent 43s"66. | 10612 103% Tniand Steel 4135 873% 8l' Inter Rap Tran rf 55 56% Inter Rap Tran 6s'32... 84 Inter Rap Trancv 7s'32 82 Inter R Tcv 7s'32 ctfs 99% Inter Cement 5s '4 744 Inter Gr Nor adj 65 '52.. 36 Inter Hydro El 65 '44... 50 Inter Mer Marine 6541, 689.’ Inter Paper 58 A '47.... 66% Inter Tel & Tel 4135 '39 55% Inter Tel & Tel 4755 °5: 69% 59% Inter Tel & Tel 5s 78% 721 Kan City South 3s’50... | 741: 58 Kan City South 55'50... 62 | 109" 105% Kan City Trm 1st 4s '60. 109 105 100% Kan Gas & El 425 '80.. 105 57 4413 Kelly Spr & Tire 6s'42.. 53% 103% 101% Kendall 5125’48 ww... 103% 107% 103% 109% 106 Lack Stl 1st 5s 107 | 1093, 107% :1 114% 110% 69% 62'; Laclede 5%s D '60 62% 10, 7 Lautaro Nitrate 6s | 50% 35% Lehigh Valcn 4s 2003 120% 1157x Liggett & Myers 5s'51.. 106 103% Loew's 6s'41.. | 115% 112 Lorillard (P) 5s 51 1285 126%; Lorillard (P) 7s '4. 6913 5813 Louisiana & Ark 5s { 112 107% Louisville G&E 5s A '52. 111% 106% 104!» Louis & Nash uni 4s '40. 106% 99'; 93% McKesson & R 5%550.. 59 52 Man Ry NY cn 45790, 72 63 Market St Ry 7s A "40.. 102'; 957 Met Edison 4128 '68 103'. 102% Midvale St & O 5s '3 77'% Mil El R&L 1st rf 55 '61 94’: 7613 Mil El R&L gn rf 5s '71. 364 30% M St P&S S M con 4s '38 89%. 83 Mo Kan & Tex 1st 4s ‘80 16% Mo Kan & Tex adj 5s ‘67 53% Mo Kan & Tex 55 A '62. . 7 Mo Pacific gen 4s " 24 Mo Pacificrf 5s A 23% Mo Pacific 5s ' '77 2315 Mo Pacific5s G '7 2315 Mo Pacific 5s H '80 23% Mo Pacific 5s1'8 4'; Mo Pacific 5125 A '49 93'; Montana Power 5s 43 93% Morris & Es 312s 2000 8915 Morris & Es 432875 9813 Morris & Essex 5s '5. —_—— 59% 5515 Nassau Elcngtd 4s'51. IC | 105 102% Nat Dairy Prod 5%s 48 105 108 105% Nat Steel 58°56. 1014 94 NewJerP&L 9’,:5 6815 55'2 New Or P S 55’52 A. 68%, 555% New Or P S 58'55 31 25 NewOrT&M5% 98% 947 N Y Cent 3138°97.. 643 484 N Y Cent ref 41552013, 64% lfl'/g N Y Centrf 4352013 n. 707 N Y Cent rf 552013, 3 11214 104 N Y Cent conv 6s 44 Slh Cent deb 6s°'35 66 b4% Chi&St L 4%s 77 6313 NY C&StLrf5l:8 A'T4 713 £5 N Y C&StL1st6s'35... 109% 1077 Sdison 55 B '44. . 13 ison rf 61gs 41 7 H & Hart 56. . H&H4s' Hé& H4%,s'67. H & H clt 6s 40 N H & H 6548 N Y Ont & Wn ref 45’92 N Y Tel gen * 128’39 NYW&Bgen 4%s Niag Sh Md 538’50 Norf & W div 45’4 Norf & W 1st cn 45 '96 Notrh Am Co 5s'6 North Am Ed 55 C 6 8815 78% North Am Edis ;s 53. 761 73% North Pacific 3s 2047. 107 102% North Pacific 4s'97. . 895 83 North Pacific 4348 2047, 102% 94% North Pacific 6s 2047 107% 103 North St P 1st5s A " 7 35% 120% 1053, 115% 391 NY Y E N N N YN N NY NY ¥ NY 2 ¥ Y X X 5% 62t 88 81k 84 1% 105% 101% Ore Wash RR&N 4s '61. 104% 91% 69% Otis Steel 1st 58 A"41... 85 — 109 106 Pacific Gas & El5s'42.. 107% 107% 106% Pacific T & T 1st 5s "37. 75 58% Para-Fam-Lasky 6s’47. 75 59 Para-Fa-Las 6s'47 ctfs. 5% b69% Paramount-Pub 5%s ‘50 75% b58% Param-Pub 545’50 ctfs 104 101 Pathe Exchange 7s’37.. 103% 104% 100% Penn R R 4%s'81D.... 104% 104% 99% Penn RR 4%s E'84 104% 108% 105% Penn R R gen 4%s 108 97% 92% Penn RR 4%s’'70 D. 95 106 104% Penn RR 4%s’63. 106 107% 105 Penn R R 5s’64. 106% 115% 111 Penn R R gen 55’68 115% 106 104% Penn R R 6%s '36. 105% 104% 98% Penn Pw & Lt 4%s '81.. 103% 105 98% Peoples GL&C ref 55’47 104% 841 81 Philadelphia Co 5s'67.. 83% 108 104% Phila Elec Co 4s’71.... 108 53% 45% Phila & Read C&1 65’49 4814 1027% 101% Phillips Petrol 53, s’39. 102% 60 50% Port Gen Elec 4%s’60.. 657% 50% Port G E 43s '60 52% 44 Postal Tel & Ca s 102% 99% Pure Oil 5%s’40.. 90 82% Purity Bak 5s '48. ————————————— loou 971 Reading Jersey C4s'51. 99 98% 83 105 Reading ¢%s A "97..... 1 105 103% 99 Rem-Rnd 5%s A’47ww 103% 102% _..——-— 69 StLIM& '33. 63% B9 Iflfl 1u IIL.I,‘“A'W w 124 U . » ., 108% Net Close. Chge. 99y —1% W% —1% 67% -3 1031 —1% 103% -1% 19 - % 108% —2% 109% —~1% 12% 45 -34 -1 1 —-1% —1% +1 1% -1 -0 -3% -3 -1% -4% -1% - % % —1% -1% -1 % | peaks in some lines alread: l02 + % 88% —1% 98% ~ % 106 —1% 102% - % 59 —b% 1 -1% ~ 1935 — High. Low. 14% 9% StL&SF 4%s'78 85% 79% San A & A Pass 4s'43. 11% 6% Seaboard A L 6s 103% 102% Shell Union Oil 58 106 103% Sinclair Oil 6%,s B'38.. 104 104 102% Sinclair Oil 7s A *37. 102 98% Skelly Oil 5%s'39. 110 108% 111 109% 2% 64% 41. 1 Souwst Bell Tel 5s A '54 110 South Pac col 4s '49. South Pac ref 4s 5 uth Pac 4-,’,;‘5; South Pac 4% South Pac 4% % South Pac Ore 4% 4 So Pac San Fr T 45’5 Southern Ry gn 4s A '56 103% 967% Southern Ry 5s'94..... 81 55% Southern Ry gn 6! 86 57% Southern Ry 6148’56, 104% 103 Stand OilN Y 4%s '51. 49% 35% Studebaker Corp 6s 43. 100 90 TennEl Pwr 6s A '47, 104% 103 Texas Corp cv 55 '44 9315, 8615 Texas Pacific 55 B '7 931 85 Texas Pacific 55 C '79... 931; 85 Texas& Pac5s’80 D. 8% 556 Third Ave 1st rf 45’60 26% 24% Third Ave adj in 5860 100! 3% Y i 111% 107% Union Pacific 1st 45 '47. 111% .| i [ 3, .l § 103% 99% Union Pacific 4s'68..... (Continued From Page ~-1035 — les— 2" %ew Dividend Rate. Add 00.m 7% 5% The Fair. 4% 2% Thermoid Co 5 2% Third Avenue, 21 16% Third Nat Inv h85ec. 6 5' Thomp'n(JR)(50¢). 17% 14 Thompson Products 3'3 2 Thompson Starrett. 30 10 8% Tide Wat Asso Oil.. 107 8815 84 Tide WatAOpf(6)x 12 103'4 100 Tide Wat Oll pf (5) 54 Timken-Detroit. . 29 Timken R B (1). 5 Transamerica (25¢) 57 Transue & Williams 4's Truax-Tra Coal ... 2% Tri-Contl Corp.. 36 Trico Prod (2%) 4 Truscon Steel. 31, Twin City R T 18% Twin City R T pf. 1 51 1% Ulen & Co... 2 553 Und-Ell-Fisher (2). 17 42 UnBag & Paper (4) 10 44 Un Carbide&C 1.60. x 174 14% Un Oil of Cal (1). 39 86 Un Pacific (6).. 94 80'; Un Pacific pt (4) 237 Un Tank Car (1.20). 105 United Alrcraf: 4% United Air L vtc 9%, 8 United Am Bosch. 26'% 24 United Bisc (1.60) 117'2113 United Bise pf (7).. 63 46 United Carbon 2.40. 115 United Corp. . 21% United Corp pf. 9% Uaited Drug.. 5 Unit Dyewood 4': United Elec Coal 71% United Fruit (3) 9% United Gas Imp (1) 88 United Gas 1 pf (5). 214 United Pap’'b’d (k). 2% United Pce DW..... 18 United Pce D W pf. 1% U S Distributing 7 USD ibutin % U S Express. . 5 US&Forn Secur 11% U S Freight (1). s 41 USGypsum (1) llJ U S Gypsum pt ('l). 5 USHoffman....... 36% U S Ind Alcohol (2). 5 US Leather.... 8% U S Leather (A) 16% U S Pipe & F (50¢). 19% U S P&F 1st pf 1.20. 611 50% 49 16% 11135 88% 26'% 15% 6% . .ee 13% 8 14 8113 127, 124% 106%; U S Smelt & R (h9). 69 627 USSm&RDI(3%). 40% 29% U S Steel..... 94 78 USSteel pt (2).... 1301 119% U S Tobacco (1734) 712 3% United Stores (A).. 651 481 United Stores pf. . 59 52 Univ Leaf Tob (2).. 140% 133% Univ Leaf T pf (8). 2 1% Univ Pipe & Rad... 19% 12 Univ Pipe & Rad pf. 1% Util Pwr & Lt (A) % Vadsco Sales Corp. . High. 39% 103% FINANCIAL. Net Low. Close. Chse. % e 1936— Unit Bi: United 107 104 88 65 Utah L 22% Util Po s 67% 941, ¥8% Vanadi 113 110% Virgini: 96% 14% 14% 43 09'& Walwo 86Y% 83 106% 104 96 87l 102 96% 29 West S| % 21 90 Wheeli 103% 100% Wheeli 110% 108% Wilson 991 2) £~ 1935 — 8t High. Low. Divi 20 Vadsco 147% Vanadis Net gh. W Close. Chge. 5% 91 2% 3% 16 16% —2% 5% 5% 14% 14% =1% 2 2 i 3 Va-Car 20% Va-Car 85 -Car 70 Vulcan 2%, 5 Waldor! 114 21% -1% 1% 557 =3 42% —2% 47 + 16 =1 86% —T% 8012 —34% 1 38 West P: : 39% West P 6 Wester: 1% Wester: 23 Wester: 19'; Westin, 343, Westin 90 Westin 18'; 46’ 9 Wheel White 34 51 68 Wilson Wilcox 31 Worth = 23 Worth + 5 ~% -2 -4 Zan T ~2% -1% -2 -1 -5 +2 538 — 2% | lvlfi 140% +2% | 1 — 3 172 I+ 75 Wrigle; 201 Yale & 35% Yellow 21 18% Young 1’; Zenith 4%+ 3% Zonite Dividend rates declarations 17 1 % 9% in stock us k Com ganized. m Plus 5% in stock. X Ex-didive % 108% lut% Union Pac 1st rf 4s 2008 llJ‘l'. 106% 106% 04 90% U S Rubber 58 '47.. 69% Utah Pwr & Lt §s '44. 20% Util Power 5s 92% Wabash 1st 5s ‘39 Wabash 5s B '76 Wabash 51is " Warner Bros cv 6s ‘Warren Broscv 6s '41.. 921 Youngstown Stl 5s B ‘70 98% 92% Youngstown St15s'73 A 95 95 West Pa Pw pf (6). 10424 West Pa Pwr pt (7) 3908 1% Western Dairy pf A % Western Dairy pf B 51 Woolworth (2.40).. 14% Worthington Pump 40% Wright Aero....... 1 21% 15 Youngstown S&T.. cash payments based on the latest quarterl 5 UBit of trading less than 100 shares € Payabl: in cash or stock Pl in_stock G=3 h. Low. Close. Ch scuit 6s '42 Drug 58 '53 105 #97% 9% 84n, 83% 301 33% 91% 11 9315 06% 90 95% 84% 85% 31 34% & T 5544 9 ww. wer 5158 47, um cv 58 '41 94% a Ry 1st 58 A '62 112% rth 6s A * hore 1st 4s 2361.. Western Elec deb 55 "44. Western Md 1st 4s'52 ‘Western Md 5%s 7’ Western Pacific 58 A "46 102% 101% Western Union 5s :l! 86% Western Union 88% 86% Western Union 58 '60 lg:% 100% Western Union 63;s'36. + % e A -3 101% — % 9415 413, 101% 1024 + % 110% 109% 109% — % ng Stee] 4338 '53. ng St153%8 48 A. & Co 1st 65 '41.. 94 94 95 4+ % M+ % 95 ock ana Bales— Net dend Rate. Add 00 Ellh. Low. Close. Chge. Sales pf 20 0 um Corp 11% Van Raalt Van Raalte 34% Vick Chem (2. 40). Chemical... Chem 6% pf Chem 7% pf :2’: Va El1 & Pwr pf (6). 3£Jl ‘4 ValIron Coal & Coke Detin (a4).. 1% Wabash (k) 1% Wabash pf (A) (k). £ Sys (h20¢) 27% Walgreen Co (m1). Walgreen pt (6%3).. 1% Walworth Co.. 1% Ward Baking (B).. 28'; Ward Baking pf (2) 2% Warner Bros Pic... 16 Warner Bros Pic pt 7 Warner-Quinlan. 3'; Warren Bros... 23% Warren Fdy&P (2 4'; Webster Eisenloh: Wells Fargo. 3073 Wesson O&S(t1. 72 Wesson O&S pf (4). 34 West PaElecA (7). 5508 6208 7608 3608 'a Elec pt (6) 'a Elec pt (7) 'n Maryland. 8 Western Md 2d pt.. 'n Pacific. . 21, Western Pacific pf. n Union.... gh'se AB 50¢ gh'se Elec gh'se 1st 3 = Weston Elec Inst 29 Weston Elec A (2). Westvaco Chl (40c) Stl pt (350¢) Motor. . 21% White Rock M S ( 1; White Sewing Mch. 6 White Sew Mach pt Wilcox Oil & Gas... Rich A(23%) Wilson & Coal2ize. & Co pf (6).. 157 10 2508 1 s PumppfA.. Pump pfB.. Y (Wir)t3%. Towne (60c) 3 Yellow Truck Truck pf. . Sp&W t1% 47 Radio. = Produc! 31 as given in the above table the annus: T balf-yearly tPartly extrs. 1Plus rate. b Fayable in 1 Pius $1 in special preterred a Palg this year ) Accumulatea anies reported in receivership or being Teor- ock. ® Plus 2% last year—no regular in stock. nPlus 3% in stock. end OPTIMISM RULES MOST REVIEWS OF BUSINESS ACTIVITY (Continued From Pirst Page.) and retail trade was ahead of last year. ATLANTA. — Heavy orders for freight cars in the Birmingham steel mill district boosted production sched- ules. Orders now on hand insure operations until June. R CHICAGO. —Seven mainiainen its pace. bus Ssome BEsmeis) GUATters asseried business as a whole peared to be leveling off with seasonal reached. Re- ail gains were reported. although the usual treacherous weather and a late Easter delaved activity. Whole: trade was Spotty, but mail order sales were reported continuing at better than 10 per cent over a yei 4 ST. LOUIS.—Iron and steel led busines: activity In the eighth district. but retai] trade slowed down Specialty makers and manufacturers of stoves, radiators. house- hold appliances and farm implements re- ported continued activity. MINNEAPOLIS—Furniture sales in the ninth district have been increasing steadily with sales this year reported by a manu- facturer's representative at 15 to 18 per cent over the same period of 193 Fui fiture ‘Stores are Dlacing delaved order Rain _brightened prospects of early Bleniching of feed Stocks for live. stock. Retailers reported cily department store ade & to 10 per cent over & year gnd_ wholesalers “also viewed market e KANSAS CITY —Retailers were Dleased by trade holding even with the same week of 1934, and the Kansas City Credit Bu- reau reported collec better than a year ago. A aguarter carloading was predicted by the Trans-Missouri-Kansas Shippers Board from the second auarter of 1934 as'a re- suit of drought's cut in faro Tand for ‘machine tools indicated totals Penn: Fould tob Inst vear, and paint sles step- pe DALLAS —Cotton exports from Texas ports for seven months ended February - were reported about half the 1933-34 t Tora1s ot passcHer, CXpress and mail bust: ness on air lines through Dallas showed fxlmnely high percentage increases over AN FRANCISCO.—Activity of bank funds. increaced ShRTpIY I the twelfth district, indicating a strong seasonal busi- ness pick-up. Retail trade was reported while wholesale business plcked up y. Rail freight trafflc was higher_than the previous week and the Satne “week 8 Year ago. but shibping lag- d. 1 sales were brisk, but lumber was off slightly. and while 'building was Jacre active, heavy construction was in a lull slowing down, 1) REORGANIZATION SOUGHT. NEW YORK, March 9 (#)—A plan for reorganization of the Wickwire Spencer Steel Co., proposed by Jacob J. Lesser, as attorney for the Stock- holders’ Protective Committee, will be submitted to creditors and stock- holders at the Federal court house in Buffalo, N. ¥, on April 8, it wes FUNDS WANTED nt, llr.‘ o ul-.‘!:l o5 TYLER & RUTHERFORD, INC. 1520 K St. N.W. Natl. 0435 r Construction Loans on Residential Properties Prompt Action on Application Use of Textiles Increases Sharply Above 1933 Level By the Associated Press. NEW YORK, March 9.—The dol- | lar value of textile fibers consumed in the United States aggregated $835,000,- 000 during 1934, according to the Tubize Chatillon Co. This compares with $480,000,000 in the preceding year. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Allis-Chalmers Co. Great Northern Ry, 75 1 Jllingis Central 6i3s 1 Lake ‘Eric & West. 5 Lehigh Valley Coal 6s Touievine & Naen 5610 Michigan Centrs . Y. Central 6: N. Y. Chi. & Sl L 4; m Shio Rner (537 na. R. Co ”‘as Pum-gd Gen _Elec Textile Organon, published by the‘ ARGENTINE REVENUE UP. Special Dispatch to The Star. BUENOS AIRES, March 9.—Argen- tina's revenue for February totaled 61,300,000 pesos ($20,400,000 at the official rate of exchange), an increase of 12,500,000 pesos ($4,100,000) over xthe corresponding month last year. Prospectus on || INCORPORATED INVESTORS A Mutual Fund Invested in High-grade Common Stocks Mailed on Request r.| WAGGAMAN, BRAWNER fTe) s | & Co. cnc. I ‘i 1700 Eye St. N.W. Met. 3860 9 ‘fl_ WE WILL SELL $2,000 Riverside Apt. 1st Mtg. 7% Bonds at 80 C. B. Pennebaker Company, Inc. Southern Blds. Washington, D. C. National 2335 National 2313 “Dealers in Unlisted Securities, Specializing in Real Estate rtoage Bonds” existing trusts on homes. 12 Years or COLUMBIA Real Estate Mortgage and Guaranty Corporation 1610 K 8t. N.W. MONEY FOR YOUR HOME! Ample funds available for prompt consideration of ap- plications for loans to modernize homes or to refinance No Commissions—No Renewals More to Pay BUILDING ASSOCIATION 716 Eleventh St. N.W. “Where Savings Are Safe” Members of: Federal Home Loan Bank System, D. C. Building & Loan League Established 1907