Evening Star Newspaper, March 16, 1935, Page 15

FIN ANCIAL. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, MARCH 16, 1935. FINANCIAL. ADVANCE SCORED BY JUNIOR BONDS Carrier and Utility Loans Move Up Vigorously—U. S. Issues Rise. RD S. O'HARA, Associated Press Financial Writer. NEW YORK. March 16—While | trading volume was held down today. | the bond market had at least one feature in a vigorous upswing in various secondary rail and utility is- sues. Drying up of selling, coincident with the development of more confi- dence in the buying side, resulted in advances of as much as 2 points in some of the carrier loans Most of the low-yield issues held their own or moved up & bit. United BY BERN. By private wire direct to The Star. Approximate Transactions Today. U. S Gov't Bonds..... $2640.000 Foreign Bonds 560,000 Domestie Bonds 3.810.000 LIBERTY. high. Low. . 10114 10113 10119 10119 .103 6103 4 Close. 10114 10119 103 ¢ 3148 1932-47. istev 48 32047. 4th 4145 1933-38. 4th 415 33-38 3d called.. 10026 10023 4th 47(s23-38 3d called reg.. 10028 10022 TREASURY. 38 1946-48. ., 10315 10311 38 1951-55. 10316 10310 3% 1946-49. 10415 10410 31%451949-52..... 104 12 10412 sunwu 10711 107 11 31451944-46 105 8 105 6 3351940-43 June 107 10 10710 3343 1941-43 Mar. 10710 107 6 335 1943-47 106 22 10618 33,5 1946-56 . 10914 10912 48 1944-54....... 11024 11016 4148-3145 1943-45 10512 105 9 10510 4%s1947-52 .. . 11524 11522 115 FEDERAL FARM MORTGAGE. 3s 1947 10128 10123 10128 10025 10028 10311 10314 10410 10412 10711 105 7 10710 10710 106 18 10912 11020 States Governments were uniformly | improved, to 10-32 of a point. Federal Mortgage 3s led the advance, though the turnover was small Buyers paid 1 to 2 points above last right's final levels for Baltimore & Ohio 4'»s at 42'.. Great Northern | 4'.s at 67'. and Southern Pacific 4'.s. For the utility division the re- cevery leaders were Columbia Gas & FElectric 3s. up at T1'.. and North American 5s. up a point at 87 A long list of bonds up fractionally ‘riclnded American Telephone 5s, St Paul Cor 5'.5. Good- vear 5s, Erie 5s, National Dairy 5!,s Nickel Plate 41,5, Postal Telegraph 5s and Southern Rallway 4s The foreign list was s spots in spite of continuing monetary ties in Eurcpe. Canadian 4s and Australian 5s were a shade higher, but German, Italian and Japanese issues tended downward Farm | al- By the Associated Press NEW YORK. March 16.—Stock mar- ket commentators, on b: sis of i dav’s recc a ful i E A Pierce & Co held over the week end. trading pur- chascs may be on the increase during the early part nf ‘"‘(( week Hornblow Yoom for further '.mprmvmt‘n! on th upside before the full limits of a cor- rective movement. such as usually fol- Jows an extended decline. are ex- hausted. Frazier Jelke & Co.—It is likely that the selling in the industrials from this point will become more selective and less gencral J. S. Bache Co.—The setting is fuch that favorable external events would react as a powerful psychological stimulant. & EASTERN ORCHARDISTS WATCH FREIGHT CAS he Associated Press RICHMOND. Va. the first appeal of Northwest for a reduct rates to Eastern centers heard before the I. C. C. in Wash- | ington. apple growers of Vir- ginia. West Virginia. Maryland and Pennsvlvania made plans to ask the | co-operation of Eastern railroads for | a 33 per cent reduction in apple rates in order to mect the threatened com- petition, H. E. Ketner, commerce counsel (»l‘ the State Corporation Commission, has | been asked to participate in a con- | ference with rail officials on behalf of the Virginia shippers, E March 16.—As hardists of the By was being | 200 TONS OF LEAD SOLD. NEW YORK. March 16 (#.—The St. Joseph Lead Co. reports that 200 tons of pig lead from Southeast Mis- souri mines was sold vesterday at $3.40 per 100 pounds St. Louis LESS RUBBER CONSUMED. NEW YORK. March 16 (4. Con- sumption of crude rubber by manu- at gains ranging from 1-32 | 33 ion in freight | | Low A 381949 10126 10122 10124 51964 10310 103 2 103 6 HOME OWNERS’' LOAN. %1939-49..... 10010 100 5100 8 10127 10122 10124 10113 10110 10110 FOREIGN BONDS. High Low Close Antioquia Antioguia 3d 7s '37 Antwerp §s ‘58 Argentine 51 Argentine 6s Arzentine 6s Argentine 6s " Argentine 6560 May. Argentine 6s 60 Sept. Argentine 6s'6 Arzentine 6s Australia 4% Australia 55 Australia 5s Austrian 7s 43 1d. Austrian 7s 57 100% % 1005, 101 92l 1021, 100% 101 9ile 102' 105'3 Rel ium 7s 5. 174 | | Berlin Elec 6% 2 | Berlin Elec 6128 '59. Bolivia 8s '47.. Brazil 61:s unmat cou on Buenos A 6s 61 st Pv Caldas Canada 4s ‘60, Canada 5s Chile 65 '60 Chile 65 '61 Jan. . Chile 6s ‘61 Febr. . Chile 6s 61 hPD( Chile 6s 62 : Chile 6563 Chile Mtg BK 6s " Christiania 63 54. (olun bia 65 61 Oct.. penhazen 41 Den | Denmark 6 | Dominic 2 Estonia 7s'67.... Finland ts 45 Finnish 612 French Fre | Ger ¢ | Ger G Ger Gov | Ger R iraz 85 '54 unm co on Great Br & Ir ¢s°90. Great Bra irb GrtC El Jap 7s "4 Heidelbe 7. | Cent of Ga con 5t Net change Today, close . Previous day Month ago . Year ago 1935 high 1935 1934 1934 1932 1928 Today close .. Month ago .. 1935 high 1934 high . 1928 high .... Calif Pet 5s ‘33 Can‘dian Nt R 474554 Can‘dian Nt R 4856 Candian Nt R 4%s'57 Can’dian Nt 6s’63July Can‘dian Nt 5s'690ct. Can‘dian Nr db6%s'46 Can'dian Nr db 7s *40 Can'dian Pe dbdsperp Can‘dian Pc 4%3 60. Can‘dian Pc §s ‘54 Caro C1& O 6s'52 A. Carth & Ad 4s'81 gtd | Cent Dis Tel 5s "43 ‘45, | Cent Hud G&E 58 '57. *[Cent Il E& G 58 '51.. Cent of N J gen 5587 | Cent Pac 1st rf 4549, Cent Pac 55 '60. Cent R R B Ga 53'37. Cert'd deb 5128 '48. .. Chesap Cp cv cl 58 *44 | Chesap Corp 6s°47. i [C&Ogen4ls: C&O4%s 95 B - Chi B & Q gen 45°58... |Chi B&Q4s 17 Chi B & Q ref 5371 Ch1 & Erie 1t 5= '82 ChiG L &C5s'37 Chi Grt W 4s ‘69 Oni In & L gen 5s'66. | CM&StP 4s KO CM&StP 4258 '89 |{CMStP&P58'T . | CMStP&P adj 63 2000 W gD 4s ‘87.. NW 4‘.: BA W Nr W 612836 Chi & W I con 4s ! Chi & W LBl of \t.mm-x Co 58 43 Chile Cop deb 55 47.. | Cin Gas El 4s 68 A. StLA1V4S'90 er 4%s 17, Clev U Ter 51287 | Colo Fuel & 1 55 °43. . | Colo Ind el tr §s | Col & Sorf 41zm 2 | Cotumbia G & 2 April Commmnu& E 562 May...... | Columbia G&E 6s '61. ! Com Inv Tr 6138 . Con Gas N Y 4%3 51. Con Gas N ¥ 68°57... ConG N Y 53845 reg ¢ | Consumers Pwr bs ‘52 | Container deb 55°43.. |Crown Zell 63 40 ww. {Cuba R R 1st §s '52. Cuba Nor RR 6153 "42 Cuban Cane P 6550 . Del & Hud ref 4= 43 *|Del P& L 4225 Italy 7s 51 2 ltal Crd P W 7547 B. Japan 5165 Japan 6135 ‘54. Kreu&Toll 5 HE61;s"44 Milan 6%s ew So Wales 55'.‘17 facturers in the United States during | February totaled 43.187 long tons compared with 47.103 in the preced ing month, and 40,609 in February, 1934, RUBBER FUTURES. NEW YORK. March 16 October Jantiary —Bid September. 11 cember. i1.64 Tibhed spot 11 s 11.24h 16n: De- smoked —Nomina Washmgton Exchange SALES. Capital Traction 5:—$1.000 at $1.000 at 97',. $1.000 at 97! Washington Rwy. & Elec. pfd.—10 at 10334, 10 at 1037, 10 at 10334, 10 at 1033, 10 at 103%,, 10 at 103%, 10 at 1033 Lanston Monotype—10 at 50 Mergenthaler Linoty at 30. 97 AFTER CALL. Washington Gas 6s B—8500 at 10335, BONDS. Bid and Asked Prices. PUBLIC UTILITY & Tel Tel. 4155 Tel Col_ T o T Bs. Por. Elec Potomac Pow. rom Elec Wash. Rwy. & Elec MISCELLANEOUS Harbér & Ross Inc . 6l3s Chevy Chase Club Col. Country Club 1d Storaze STOCKS. PUBLIC UTILITY Amer. Tel. & Tel () Capital Transit Co. N. & W Steamboat (6) & EI C & Elec NATIONAL BANKS Capital (4" I Tia). ) TRUST COMPANY Amer. Sec. & Tr. Co. (K).. Natl. Sav. & Tr Wash. Loan & Trust (R). SAVINGS BANK Com. & Savings (6) 150 FIRE INSURANCE. American 'l"‘\ Corcora cox Soremen's (i o Nationa) “Union. '« 601" - TITLE INSURANCE Columbia (.30) Real Estate (6) Rigzs pfd. Washineton 1 1. vidend 7520 extra dividend paid March 11° | Tyrol Hy El 1%s Poland 6s { Poland 7s Poland 8s '5 Queesiand 7s 41 Rhine W El P §s Rio de Jan 6343 63 Aug coupon oft. . Santa F Arg 7s°42 stp Saxon Pb W 7s°45... Serbs 7s '62 unm c on. | Serbs 8s ‘62 unmcon. "okio Tokio §3%s 61 Tokio El Lt 6s°53 .. Trondhjem 5%s ‘57 Tvrol Hy El 7s 5. igawa EP78'45... | Uruguay 68 '60... Yokohama 6s ‘61 DOMESTIC BONDS. Alleg Corp bs 44.... 66'3 663 Alleg Corp 63’50 ctfs 16% 164 Allis Chalm 63 °317.... Am Chain 6= '38 Am & For Pw 5s 2030 Am1GChb6%s 49, Am Intl 515549 Am Roll M 6s 38 Am T & T 4%s '39. Am T &Y el tr 55 '46.. Am T & T deb 63 '60... Am 1 & T deb is 65.. AmT & T 5%8 43. Am Wat Wks 58 '44. . Am Wat Wks 6s°75.. Am Writ Pap 6s'47 Armour& Co 4%s'39. Arm of Del 5148 *43.. Armstrg Cork 53 °40.. AT&S Feadj 4s°'95. A T&S Fead 4s DE st. A T&S Fe zn 4s ¥ A T&S Fedlss u AT&SFeCA I‘é!‘il At1&Ch ALSs'44... Atl Coast L 1st 4s "52. AtCLun4ys 64 Atlantic&D 1st 4s 68 20'% 4 103% 105 % 104% 104Y% 103 103% 10433 104% 108% 109 106 106 11 111 108% 108% 991g 85% 32 B & O 15t 4= 43 B& O4%s 60 . B& O 1st 5848 99% ¢ O ref 6s 2000 D. Oref6s95C.... O PLE&WV 4541 B & O Toledo 48 ‘59 Bang & Aroos 48 '51., Bang&Aroos cv 4s'51. Bell T of Pa 48 B. Bell T of Pa 6s°'60 C.. Betb Stl pm 5s '3 Bos& Me 4%s'61J.. Bos & Me 5s 55 Bos & Me 5s 67 Bot Con M 6%s 110 105% 104% 105 105 110 110 105% 105 Bklyn Edis 5s°52 B Bklyn M T 6s'68 A Bklyn Un El s ‘50 Bklyn Un Gas s '50.. Bklyn UnG 6s°'57 B.. 111 111 111 Buff R&P con 4%s 6T 5415 5dl 454t By-Prod Ck 5% '45.. 83% B3% "83% Den & numu 3 | Den & R G W 5565 | Den& RGW bs'55 asst Det Edison 4155 61 D | Det Edison 6s 52 Det Riv Tun 4%s 61. Dodze 3 cv db 6s '40. Dul S S &At5s 37. .. Duqu Lt 1st 4148 67. Erie gen 45 '96 Erierf 53 61 Erie rf 5575 Gen Am Inv 58 '52... Gen Cable 514847 Gen Thea Ea 63 Gen Th Eq bs 40 cfs. Goodrich 6s “45. Goodrich 6143 4 Goody'r T & R 58 '57. Goth Silk Hos 6s ‘36 Gt N Rgen 4%s'76 D 2 gen 41371 E GUN K gen 5573 C... GUN RB%s 52 |GtN R gen 78" Sulf M & N 5s'50. Har Ry-P C 1st 45 ‘64 Hoc Val 4%s°99 Hoe (R) 614534 Houston Oil 6% s . Hud & Man inc 55 °57. Hud & Man ref 5s°57. 111 Bell Tei 83 '56. 111 Cent coll tr 4s ‘53 111 Cent 6536 LICCSt LNO4% 1CC& St LNO IndIll &1a 1st 45 °50. . Inland Stl 4%s ‘78 A, Inlaid Stl1 4%s'81 B IntR T 1st rf 65 ‘66 int RT 6s'32. Int RT 7832 Int Ag col 63 '42 stp Int Cement bs "48 . . Int Gt Nor 55’66 B. Int Gt Nor 65’52 A. Int Hydro El 68 "44. Int Mer Mag 65°41. Int Pap 1st 58 '47 A Int Pap ref 6s'55. Int T & Tev4%s'39. Int Tel & Tel 4148 62 Int Tel & Tel 53 '55. KanCFS&M 4 Kan C Sou 1st 3s 50. Kan C Sou rf in Kan C Ter 1st Keith 6s '46. Kelly Spr Tire 63 °42. —_——e Laclede Gas §s '39. Laclede G 5%s ‘63 C. Laclede G 5%s '60D. . L E& Wn 1st bs '37 Lautaro Nitr 6s'54... Leh C& N 4138’54 A. L V Pa con 4s 2003. . LV Pacon4l%s 2003. L V R Rcon 5s 2003. LigE & Myr 5s 's: Long Lorrii La & Ark 6s°69.. LouG & E6s'52 A Lou & Jeff Bld 4s L & N unif 4s °40. L& N 4%s2003C L & N Atl K&C 4s — McKess & R 5%s ‘50. Manhat R 45°90..... Marion St Sh 6s'47.. Met Ed lnr“%l (1] . MilSpa& N W M & St L rf 5s 62 cfs. Mo K & T 1st 45°90. MoK&T4s'62B MoK&T6s'62 A Mo K & Tadibs Mo Pac 43°'78. Mo Pac 6s "77 F‘. Mo Pac § Mo Pacb%s 4! Roes Mob & Oh 4%s ‘77 Mont Cent 5537 BONDS ON N. Y. STOCK EXCHANGE [WE_STUGK PRICES BOND AVERAGES Compiled by the Assoclated Press. 20 Ralils. 1 10 Indust. 92.4 923 944 86.3 959 923 92.9 73.7 40.0 989 10 Util. +.5 86.2 85.7 885 849 839 845 88.9 68.2 64.6 102.9 78.3 1011 10 Low-Yield Bonds. 109.7 109.8 110.2 109% T4 lou', ‘s | N ¥ Cent rf 55 " ‘ Phillips Pet 51,5 '39. 67. % | NY NH & H ¢l trés" Previous day . Year ago 1935 low 1934 low 1932 low Low. Close 10214 102Y; 1031 1035 93% 93% 97 9Tu Mont Pwr ref 5s 4 Morris & Co 4%s '3y, Mor & Esx 2% 2000. Mor & Esx 58 °55. . 10'4‘5 931y .. 9Tn Nassau El 45 ‘51 gtd. Nat Dairy 5% s 48 ., Nat R M 4145'57 asst. Nat Steel 6s ‘66 Newark C Gas 55 °48. . 117% Newb'ry(JJ)515s '40. 104% | New E T&T 1st fs ‘52 12 20 New Or PS5s'52 A. | New Or PS 5555 B.. |N Y Centcon4s98. ., | N Y Centrraigs 013 51 103% 274 1074 50% 103 2 107 117% 1045, 120 6 ea'. 51 103'3 2% 107 117% 1045 120 N Y Centcv 6s "44. NYC Mich C 3189 NYC&SIL 4% 18 NYC&StL 1st 6s 35 NY Dock bs KI a3 4415 109 1091 993, & 1061 NY NH & H 335854, NY NH & H 3%s '56. NY NH & H 4s 57 NY NH & H 4%s 1 5le NY NH& Hcev 6s 48, | N Y O&W ref 4s'9. | N ¥ Rwys inc 65°65.. N Y Trap Rock 65 °46. NYW&B4%s 46.. Niag L&O P 5855 Niag Sh 6%3 '60 Norf So 1st rf s 61 Norf & W div 4544 Norf&W PC&C 45 "41. North Am Co 55 '61. . North Am Ed 5 '57 A North Am Ed 55 '69 C North Am Ed §14s ‘63 Nor'nO T & L 6s'47. Nor'n Pac gen Is 2047 | Nor'n Pac 45 "97 . Nor'n Pac 4%s 2047 Nor'n Pac s 2047 Nor'n St P 6s'41 B. 45% 11 1314 108 107% 107 | Ohio Pub Ser 73 47.. Ohio Pub Ser T14s '46 Old Ben C 1st 65 °44.. Ore W 2 R & N 4s 61 110 112 1402 103 l'ac R R Mo 1st 4538 Pac Tel 1st 55°37.. .. Par-F-La 6s 47 filed. Par-Pbx 5153 50 mu Pathe Exch 7 Penn Cixle C 6s u - Penn R R 41381 D. Penn R Rcon 48 60 1164 Penn R Penn R Penn R Penn 12 Penn it Penn R Penn RR 615836 . Penn P & L 415 81 Peo G L1&C rf 5s 47, Pere Marq 1st 5s Phila B&W 4543 Phila B&W 4155 ‘81 Phila Co 58 °67. .. Phila El Co 4s Phila & RC & | 5s 73 Phila & RC & 1 6s'4Y. { Philippine Ry 48°37. 100 107 70 1061 . 1063 105% T 1085 1091 | 80 10214 Pillsbury FI M 6s 43, PCC&SIL 5875 B | Port Gen El 458 '60 | Port Gen E 4% s'60a » | Port Gen Elllst §s '35 . 10915 1091 Postal Tel & C 5s '53. Pressed St C 5s |PUbSEI&G 4 Pure Ol 5158 40 I"nrllv Bak 5548, Reading R 48" Reading R 47 . | Rem-Rd 5%8 47Aww 561 | Revere Cop & B 63 48 Richfield Oil 6s 44 Richfield O 6s '44 ctfs RochG& E53s'48.. St Jo Lead 5%s "41. St L-SF 4550 A St L-SF 4%s'78 St L SW gen rf 55 '90. StPKCSL4%s 41, StPM&MM ex 4s'37. . St P M&M ext 55 43, Seahd A L 6545 A Shell Un Oil 5s°47 Silesian Am 7s *41 Sinc Con O 6% '38 B. Sine Con O 7s'37 A... So Bell T& T 5541, So Pac col 4549, So Pac ref 4s'55 10414 1034 108% So Pac l‘/z! ‘31 So Pac Ore 4% .. So Pac S F Ter 4s '50. So Ry gen 45 So Ry 5s '94. So Ry gen 6 So Ry 6135 Stand Oil N ! ¥ Studebaker 6s Studebaker 6s 42 of! Studebaker cv 65'45 —_— Tenn EIPwr 6s'47 A. Texarkana §%s '50. Tex Corp cv bs 44 Tex & Pac 5580 D, Tex & Pac 1st 5s 20 Tex & P MPT 5155'64. Third Av ref 4s "60 . Third A ad in ex 55'60 Truax TC6%s '43.., Trumbull Stl 65 °40. . 100% UnEL&PBs'57.... Un O Cal 53 45 rc ww Un Pac I1st4s'47. ... Un Pac 1st rf 43 2008 Unit Biscuit 6s "42 Unit Drug 5s'53 U S Rubber 6347, Utah L& T 5844 A Utah P& L bs'44. Ul P& L6%8"47. 108 102% 11015 4 —— 111'% 103% 105% 998, 106 974 51% h 58 102 106% 103 91% 40 1% 83 45 50% 15% 674 22% 23 5 6 . 6 6 100% 100% 100% Vanadium cv 5s'41.. Ver Sug 1st s ‘42 efs Va EI&P 55’54 Va EI&P cv 5%s ‘42 VaRy 415’62 B Va Ry 1815562 A _— Walworth 6s'45 A, .. \Warner Broscv 6s 39 Warner Quin 6s°39, . WPaPistbs 63E.. West'n Md st 4552, West'n MA534s'77... 96% 964 West'nNY&P 1st58°37 106's 106% West'n Pac 5546 A. 28 27% West'n Pac 55'46A 28 28 West'n Un4%s°60... 82 82 West'n Un col tr 58’38 1024 1021 West'n Un 68 '51 West'n Un bs "60. . West'n Un 63s 36. Wh & L E con 4s'49 Whee! Stl 4358 °63. .. Wheel St1 53848 A. 102% 102% 102% Willmar S F 5s "40 104 104 101 Wilson&Co 1st 65 "41. 109% 109% 109% 5 107% 111 5 5 - 107% 107% 1111 111'% 105 105 11 111 384% 38 102 84ls 82 101 104% 95% Youngtn S&T 6s'70 B 9315 93 9314 Younztn S&T 58’78 A 93% 3% 93% NEW YORK BAR SILVER. NEW YORK, March J6 (). —Bar silver barely steady, 3 lower at 587%. 10815 | 113 DECLINE IN WEEK Narrow Dressed Outlet Due to Lent and High Prices Blamed. (The following review of the weck’s live stock activitics was pre- Pared especially for the Associated Press by the United States Depart- ment of Agriculture.) By the Associated Press CHICAGO, March 16.—An unsat- isfactory wade on live stock this week was traced to several underlying causes, principally nerrow dressed outlet. The Lenten season now in progress, together with the fact that all meat is selling at high prices from the consumers’ standpoint and ex- panded receipts all worked toward | the same end—lower live prices. How- ever, better grade steers and yearlings | by virtue of scarcity managed to hold | their own, and, in fact, worked higher. Unfinished steers and yearlings, comparatively close to the better grades and at new high levels for the season early this week, gradually | encountered pressure. This increased the spread and only a comparative | handful of well finished cattle got de- | | pendable support as the week closed. | ?|In a general way. the lighter and the thinner steers were, the harder it was ' for salesmen to get satisfactory action. | Losses ran up to 50 cents in instances | on thin, little steers not suited for | the country. Drop in Hogs Abrupt. The drop in hog prices following | last week's climb to $10 levels was | abrupt. Seven principal Midwestern markets received approximately 28.- 1000 more hogs during the first four * | days this week than the correspond- | ing period a week ago. The fact that { more cattle arrived, comparatively | | speaking, gave killers an opportunit to bear down for the time being, at least The top went to $14.20 at Chicago this week, paid for strictly finished | ! Nebraska fed steers aver: pounds. Upwards to $13.75 was paid | U at Kansas City for 1,147-pound offer- | ings in prime condition, showing thal’ weight does not command much pre- mium for that class of cattle. Year- | lings reached $14 at Chicago. light steers selling at $14.15, but the supply | above $13.50 did not furnish killers any tonnage, practically speaking. Canadian steers ran freely. selling | largely at $9.50a$11.00. the majority of | these carrying some weight. | Lambs Down Sharply. | Lambs broke 50a1.00, falling to the | lowest point since December. There was a veritable flood of Colorado fed | lambs on sale, taxing the market be- yond capacity. According to a recent | survey. only about 860,000 lambs re- on March 9 this year against 940.000 a year earlier. The fact that Colorado lambs are moving earlier than usual this year with fewer left in the feed lots is promising. There is a decrease of new crop lambs in Southeastern States this year, but the crop as a whole is about 2 per cent larger than 1934, according to a Government sur- vey. In California the crop is from |5 to 10 per cent larger. Late this ging 1456 | § Auto Production Advances in Week To 97,090 Level By the Associated Press. DETROIT, March 16.—Cram’s re- ports, Inc., in an analysis of activity in the automobile industry, estimates output for the week ending today at 97090 passenger cars and trucks, compared with 86973 units for the week ended March 9. For the first 11 weeks of this year production shows an increase of ap- proximately 45 per cent over the cor- | responding period of 1934, says the same agency. ‘The analysis places Ford production for this week at 36,055 units, against | 35055 last week. General Motors group at 31,100 units compared with 24,400 last week, and Chrysler plants at 19,450 against 18,881 a week ago. FOREIGN MARKETS. By the Associated Press. Trading on the Bourse turned ."losing_strength early in the session when selling developed in a dull market. Serbian bonds. however, Were firm as a result of the Italian minister's statements regarding the =political and cconomic_entente between Italy and Yugo- Savia. The closing was barely steady ‘BERLIN - Afier opening cheerful. prices on the Boerse developed firmness today lnd closed about points higher. ONDON —Closed. INSURANCE STOCKS RK_March 16 /7 —New York Association Bid. Asked NEW YOI Security Dealers Aetna Cas (2'za) Aeina Fire Aetna Life ( H0) Aantmlurnl o Am Ins Newark Am Reins Am Surety (1) Automobile (1) Balt Amer (.10g) Boston (16) Carolina (1 10a) Conn Gen Life City of N Y (5%) Fid & Dep (! Firemens Ins R0 Glen Falls ¢ Giobe & Ri Great Amer (1) Halifax (901 Hanover Lincoln Fire Mass Bond Natl' Fire | Phoenix (2';a1 Prov Wash (1) St Paul Fire 1) princfield (4'2) n Life S Fire (140a estchester (1 10a) a—Including extras &—Declared or B e far INVESTMENT TRUSTS NEW YORK. March 14 (P Security Dealers Association this year. | week feed wooled lambs could not beat | 3¢ | $8 at Omaha and the extreme top at | Chicago had declined from $8.85 paid carly this week to $8.35 * DOLLAR GOES DOWN l IN LONDON DEALINGS| | By the Assoctated Press LONDON, March 16.—The United | States dollar. opening firmer. weak- | ened on a quiet market today. closing at 4.80 to the pound for a net loss of g cent to the pound. It closed yesterday at 4.79'< to the pound. It opened today at 4.787%. The French franc closed at to the pound as compared to yesterday. PARIS. March 16 (#)—Three per cent rentes, 79 francs 50 centimes; 4!, per cent rentes, 91.20 Exchange on London dollar was quoted at 15.17 e RISE IN BANK LOANS AND INVESTMENTS SEEN' | By the Associated Press, | Loans and investments of member | | banks of the Federalk Reserve system in leading cities have increased sharply, mainly as the result of bor- rowings against securities. For the two weeks ended March 8 an increase approximated $250,000.- | 000. the largest for a similar pcnod in several months. Comparative figures on total Ioaxvs_ and investments, covering reporting banks in 91 cities. follow: Week ended March 6 Preceding week Same week I SEAT PRICE UNCHANGED. NEW YORK, March 16 (#).—The second Stock Exchange seat to be sold | within two days went at the price of the first, $72,000. | 000 000 CHICAGO LIVE STOCK. CHICAGO. March 16 (7 Department of Agriculture) calves. 20. compared Pridi strictly good and choice fed s active at advance on Eastern top. 1420 on heavy steers. 14 s 4.00 on vearlings: most iling at 12.00 down grades selling at 50 off: close very dull on all except outstanding steers and yearlings: 1uns larger. but average weight week ago: thin stockers lower: “ail except good 0 under runaway clost last (United States Cattle. 500: last \rrek clor.ed w bee: A1l welghts, weakenin yearling heifers 1 Canadien steers and run: best Canadian steers. 11 a25 higher. and vealers « Average: price ‘Killing steers And stoekers nd 5. comnlrrd ter lambs g sheep folly 35 higher. feeding Jambs ofl: week's top. sllu:hlfl' lambs, closing top. K15 lowest _since = before ERRiotmas week s bUIE. +.75aN65. With numerous sales medium gquality ~around loads clipped lambs. R85 50 325" and above; feeding lambs, 3 late top, 7.00. Hogs. 5.000. including dire: Dot Souch reod ‘1o cholce Ninds on. selé ,make a market: quotable top around or about in line with Friday's close: zmm-ted hold-over. 1.000: shippers took none; all quotations nominal. light-weight Westerns guotal 0a’ NEW YORK BANK STOCKS NEW YORK. March 16 (P —(New York Security Dealers’ Association): Bl Asked. Bank of Munhaunn aw) Empire Tr Ave (Jda). ton Corp () GOTTON RECOVERS PART OF DECLINE | Losses ot 111 to 143 Points | Registered for Week. Causes Uncertain. By the Assoclated Press. NEW YORK, March 16.—The cot- ton futures market threaded its wa through an irregular recovery th week after suffering on Monday the most violent break in more than seven years. Values tumbled from $8 to $9.35 a bale before the selling movement ran its course. When it did, prices snapped back $3.75 to $5.75 from the extreme lows. During much of the week price movements were nervous and irregu- lar despite some reassuring advices from Washington that Government crop-control policies would be con- tinued Confidence was disturbed by the sharpness of the decline, which had carried May contracts off from 12.28 on the previous Friday down to 10.2: That position later rallied to 11.35 and | closed yesterday at 11.17, with the general market showing losses of 111 to 143 points for the week No definite news development was attached to the decline. The selling was attributed partly to uncertainties in the new crop program | ance “point sharp de- clines in sterling cxchange during th previous week and delays in the legis. lative program at Washington The cotton trade was generally du appointed over the continued decli in exports dashing hopes for improve- ment entertained at the beginning of January. Unsatisfactory reports from | domestic cotton goods markets lead- ing to expectations of voluntary mill curtailment also were depressing to sentiment Selling pre: increased as old clop deliveries cased below the 12- cent gbasis, regarded as the resiste afforded by the Goverr loan offer to growers at that ure ment level Trade suppor buying developed at it was indicated ment had no int s poliey of cotton surp: tion of two-bale farmers from would not incr above 10,500,000 bales for 1 Withdrawal of all Government fers on spot cotton York is below 12 ccn tial recovery. JAPAN'S IMPORTS GAIN. NEW YORK, March 16 and replacement the lows when hat the Govern- xemp- 'J"'r‘ (\Ilfl tenant Bankhead quota [ the ing Fébruar; yen with an import excess of 75.000,- 000 yen. The export increased 12 per cent. The import excess 2 314 per cent, as compared figures of the same mont due to the continuous ample importa- tion of raw . iron and machin- ery, the commercial secretary of tk Japanese Emb. stated First Mortcace Loans Homes Apartments 5%% Business Properties Complete Property Management Including Renting, Collections and Refinancing of First Mortgages RANDALL H.HAG NER & CoMPANY INCORPORATED MORTGAGE LoAN CORRE SPONDENT ./ZZV@/M/- ,(/% _ZIJ'(/JVI/[{Y ’/// m/u/f//' 1321 Connecticut Avenue N.W. Property Management Automobile Insurance Fire and Automobile Toull Insurance strong B. F. SAUL CO. REAL ESTATE 925 15th St. N.W. Place your insurance through us. and helpful—and our companies Telephone: DEcatur 3600 Mortgage Loans Fire Insurance find our service thorough ones. NAtl. 2100 THE DISTRICT TITLE INSURANCE COMPANY THE LAWYERS TITLE INSURANCE COMPANY THE WASHINGTON TITLE INSURANCE COMPANY 1413 EYE STREET N.W. Statement as of December 31, 1934 < ASSETS Cash in bank and on hand (not including trustee ac- counts) ... Accounts receivable (less allownnu for doubtful ac:ounh) Investments preciation) .. ..... Title plant and records. . . . Capital . Surplus, and andivided pro Albert F. Miles Francis E. Smith Bruce Baird Edward C. Baltz Charles H. Bauman William M. Beall Carl J. Bergmann Arthur G. Bishop Lewis T. Breuninger Robert E. Buckley Charles H. Buck Clarence Dodge Clarence F. Donohoe T. Howard Duckett George M. Emmerich Jacob S. Gruver (a) Including txv.u Office site and building (cost less depreuatwn) Jos.eph N. Saunders George H. O’Connor Charles W. Stetson James McD. Shea Vice Presidents SETTLEMEL.TS SPECIAL NOTICE: We are now prepared to examine titles, and issue Certificates of Title and Title Insurance, to real estate in Montgomery and Prince Georges Counties, land. This work is in Title Officer, and Robert S. Bains, Assistant Title Officer. Accrued interest receivable................. Real estate owned (at cost or less, leu allowance for de- Prepaid taxes and insurance.......... Ld LIABILITIES Reserve for Federal income tax, etc............. fit: 1 - OFFICERS Arthur G. Bishop, President Secre John H. Raymond J. Vierbuchen Asst. E. Roy L] DIRECTORS George F. Hane Joseph F. Horning Albert W. Howard C. B. Hurd James M. Johnston C. E. Kefauver Charles H. Kindle Alfred H. Lawson Claud Livingston Fred McKee Robert G. Merrick Albert F. Miles William C. Miller Clarence F. Norment $182,232.43 26,533.47 6,128.20 632,795.94 48,147.77 241,835.35 301,300.00 5,650.01 $1,444,623 17 $15,288.06 400,000.00 ,029,335.11 $1,444,623.17 Harry M. Packard tary-Treasurer Stadtler Secretary-Treasurers Hill Assistant Treasurer George H. O’Connor Harry M. Packard Sifford Pearre H. Glenn Phelps D. F. Roberts Joseph N. Saunders James P. Schick James McD. Shea Francis E. Smith Horace G. Smithy Charles W. Stetson John P. Story Roger J. Whiteford TITLES EXAMINED and INSURED CONVEYANCING H. Stanley Stine,