Evening Star Newspaper, March 17, 1935, Page 65

THE SUNDAY STAR, WASHINGTON, D. C. MARCH 17, 1935—PART FIVE. G—3 SUMMARY OF BONDS ON THE NEW YORK STOCK EXCHANGE FINANCIAL. FOR WEEK ENDING SATURDAY, MARCH 16, 1935, ‘—“35— Net Net | — 1035 — High. High. Low. Close. Chge. o Low. Cl Chge. High. Lo U. S. GOVERNMENT BONDS. 1001 974 Reading Jersey C 4s'51. oow 97v 975 —1 | 110%107% 1gh. 107% 106% Canada Nor db 7s'40... 107 106% 106% 97% —1 | 111% 107% Union Pacific 1st 4s 47, 111 110% 110% — BERTY BONDS. 87% 83% Canadian deb 4s perp. 83% 8415 —1% | 108% 105 Reading 4%s A '97 106 103% 991% Union Pacific 4s '68 100% 1013 ~ SIEAUIER CUURSE o 9 Net| 99% 96l Canadian Pac4%8s’60. 96% 9% 103% 99 Rem-Rnd 6%s A 101 108% 104% Union Pac 1st rf 45 106" 106% + 14 3 4 gl . Close. Chge. [ 104% 102% Canadian Pac 5s '54. 102% 102% 107 104 Unit Biscuit 6s % 105 106% 3148193247, 10114—1.18| 26 14% Cent of Ga con 5s '45 14% 15% al 0 57% S M&S 5814 93'% 87% United Drug 5s '53. . 8T% 89 3158 1932-47 U 182% ;;!i Cent I11 El & Gas 6s ' }m lgv at L&SF"I/, 1 )gv, 95% 901 U S Rubber 5847 91% 92 H H " 1st 448 '32-47... % Cent Pac Istrf 49 % S "% - B4ty Utah L & '] 81% B824% Rallying Tendencies Appear i . gt T 1l TIE canialEssins a0 ; 85% 77 San A & A Pass 4s 43 % 85% 60% Utah Pwr & Lt o544 1% s2m = 3 4th 41 s’32-38 rg 103 10 15% 63% Certain-teed db 5% s "4 11% 5 Seaboard A L 6s 4! 5% 33 Util Power 55 '49 ww 30 31% in Corporates—Carrier 4th +1,5'33-38 105 301% Chesapeake Corp bs *44. 104 103% 102% Shell Union Ol 55 '47. 354 225 Util Power 5%s '47.. Loans Improve. FINANCIATL Bank Examiner CONTROLLER NAMES RIGGS NATIONAL EMPLOYE. 33% 34 L 101 2 106% 1021 Chesapeake Corp 5: . 104% 105 103'% Sinclair Oll 63s 120% 114% Ches & Ohio gn 4758°92. 117% 104 102% Sinclair Oil 7s A '37 111% 108~ Ches & Ohio 455 A 93, 109% 10214 98% Skelly Ofl 5%8 39, 11:% 108% Ches & Ohio 4%s B '95.. 109% 1 m ig;z gguth ?E"x’xr# ;rss-A'us.. m% 113 110% Ches '39. uwst Bell Tel 5s A * " i % 10226 e 3y e OBl oo Be'3) Bouth Pic col 15745 aa| 96% 90% Wabash st s ‘39 3 90% 90% 109% 106 Chi B&Q 111 div 4s " South Pac ref 4s'55 9: 19% 121 \\'ahash . 124 110 106% Chi B&Q gen 45 '58 South Pac 41568 .| 19% Wabash 109% 106% Chi B&Q 438 B 17 South Pac 4%, '69 : Y 9 50 Walworth 6s A . b 601 4 Warner Bros cv 6s 3 3 . - - 114% 111 Chi B&Q ref 58 '7 South Pac 4%;s ‘81 0 g 4 g 200 & 5 o S0 Pac San Fr T 4530, . 3 ¥6% 75% West Shore 1st 4s 2361. The miich kicked-around rallroad 119 10418 3% w134 10738 {3‘;’52 $ :zl:\: f-i'.: g::.\::‘nu: s eten Southern Ry gn 4s A '56 lns».wiw Western Elec deb i 44. e e ’ 20 10415 33s 40-43 Jun... 10712 10620 & 3% Chi M StP&P ad) 552000 Bouthern Ry gn 6 2w acifia 5 have worked havoc to values for a 3 " L D 3%s un... 10¢ & 106 22 15 Chi& N W 418 2037 Southern Ry 6145 '56. 37 % \\_esl»rn l.aclfica ; week or longe:, and while the gains O e e oiie 15% Chi& N W 418 C 2037 Stand Ol N'Y 4%s '51 10244 10114 Weatern Union ' 1025 1024 were small and far from uniform, the e e Gt 11% Chi& N W 4% "4 Studebaker Corp 6542, 36 GEINAT§ReS W eacein Bulon s general trend of prices indicated an : 1072t AR a0E e . 10514 10828 e 48 Chi&N W 6%s'36 o 21 Pw, ; 1021 100% Western Union 6328 - 101 oversold condition in this group. | 109 6 335 1944-56 reg.. 109 6 109 6 10% Chi RI1& Pref 4s’ }32,‘ > ;:::!Lé;r:::;:,“‘." g 96 90 Wheeling Steel 475853, 95% 95% % 8 3 Y 2 % 103 : 9 § 3 ' 20ThelAssggmtedd P‘;rleSanVerach of| 10824 45 1944-54... 11028 11010 ""‘: g’;:m:l‘;fis‘f‘- 9315 847 Texas Pacific 55 B "7 | 103% 100% Wheeling St1515s'48 A. 10214 102 10214 rails advanced 0.1 of a point to| § 10228 4353384345, .. 105 12 st 4les 9315 831 Texas Pacific 55 C 79 110% 108% Wilson & Co 1st 6s'41.. 109% 109% 109% 78.3, in contrast to the action of the 103 24 mu 4s 43-45 g 105 | 109% 106% Chi Un Sta 4145 '63 9315 fi'st: Texas & r»arc.'.s'fl»n. g 85 carriers throughout the week when| MARSHALL J. BEVERLEY, 11378 ivisiis.. s 11526 T Ci ke s fae 58% 65 Third Ave Istrf 48’60, . 5% + % 115 111 Chi UnSta 6%s 63 e fenous twere established on the four | who has just been appointed &n as- FEDERAL FARM MORTGAGE BONDS 98% 02 GRIAW indhistian. . 26! 23% Third Avead)inbs'60.. 25 Government, obligations were helped | SIStant national bank examiner in the | 192 14 10020 35 1947. . 102 10112 10128 105 102 Chi& W Ind 58 '52.. along by substantial buying in Treas- |ffD -Federal Reserve district, is & | 10212 9916 3s 1343 10128 10111 10124 65% 51% Childs Co deb 58 '43. ury issues, the majority of which were native of Alexandria, Va. He has| 10118 9920 3s1949 reg. 101 18 10118 10118 861 79 Chile Copper db 5s 4 from 3-32 to 7- 32 );ngher ‘“ thc‘ been with Riggs for seven years and | 104 10114 3%s1964........ 10316 103 1036 113 110 Cin Un Trm 5s 2020 close, Liberties were lifeless, but there“s the great-great-grandson of Chief HOME OWNERS' LOAN BONDS TW'. ?ficis-‘?""’r‘ : was a heavy turnover in Home Own- | Justice John Marshall. He was edu-| 10016 9620 - 10012 9930 100 R e U e ers’ Loan 2%s, Which ended 2-32|CAted in the Alexandria schools and| 0214 9918 351 . 10128 10110 10124 SRR higher at 100.8. the Shenandoah Military Academy. | 10116 10019 4s 1f - 10116 10110 10110 S T et Principal beneficiaries of the im- | SR e R R FOREIGN BONDS provement in rail bonds were the patches stating that the Government —;I::-"f‘w-; High lower-priced 1<sues such as Bammorr had decreed compulsory military 415 337 Abitibi P s'53. 3T & Ohio 4!s, up 2 points at 42%, ; Great | training for the country. 96% 91 Akershus 938, 11014 C 11in ‘ Northern 4!5s, up 1 at 667 ; Chicago & | Transfers aggregated $7.003.000, DAT | t01, 8515 Argentine 545 " . 87T, Pl ,,a.‘f'\,d,," North Western 6:s, up 2 at 50, and | value, compared with $7,461,000 last | 95 901 Argentine fs A ' X s 41 03% 99 Cons Gas N'Y 4 9315 4 3deld........ 4th 4% 5°33-38 3dcldreg..... 10028 10015 e TREASURY BONDS. 0020 381946-48....... 10316 By the Associated Press. 4 }oz g: . 102 26 102 26 NEW YORK, March 16.—Encour- | i 3 329 100 20 5 10318 102 26 aged by a steadier tone in United 3 ; 10219 3s1951-55 rg.... 10223 10223 States Governments, the bond mar-| 10126 3145 1946-49. 104 15 103 26 941, #8'% Vanadium cv 5s'41 90 20 113 110% Virginia Ry 1st5s A 110% 111 99% 92'% Youngstown Stl5s B'70 95 93 93% 23% —1% | 98% 92% YoungstownStl5s'73A 95 93% 93% (Continued From Page 2.) Stock and Bales— Net Lew Dividena Rate Add 00 High Low. Close. Chse. % 133% Univ Leaf T pf ‘8). 220s 140% 140 140% + *a 40% +4% 19% 12 Univ Pipe & Rad pf 1408 2 15% 15% —2% 2% 1% Symington (A).... 8 2 1% Bl 1 1 UHIPwr&Lt(A).. 25 14 —= 1935 — High Low 8tock ana Bales— Dividend Rate Add 00 High Low Close Chg 40% 363 UnivPic1stpf.... 1508 40% 39 5% 31, Sweets Coof Am... 3 3% 3% 3y Colon Ol 65 '38. - Colo & Sou reuu- 35 ColG&E ColG&E 8 Telautograph (1).. 4 Tennessee Corp. 1615 Texas Corp (1). Texas Gulf Sul (2). 1% Univ Pipe & Rad 12 Vadsco Sales Corp. Vadsco Sales pf Southern Pacific 4!5s. up 2 at 591;. Others improving included obligations of Atlantic Coast Line, Erie, Reading, | Western Maryland and Pere Mar- [ quette. | A large number of utility and indus- Saturday. 90'% Argentine 6s FOREIGN EXC}{ANGE NEW YORK change irreguiar 4.80%,: cal March 16 (#.—Fore Sreat. Britain. dema bles. 4.803g: 60-day bills. 4 trial bonds of varying classifications anfvd flm‘mnfl were bid up modestly. American | ‘Water Works 6s added another point to its value at 68, Columbia Gas & Electric 5s gained 2'; at 71!5, Penn Dixie Cement 6s were 1 higher at 73 and fractional improvement occurred in bonds of North American Edison, Consolidated Gas and Remington Rand. | The Associated Press averages for | 10 industrials gained 0.1 of a point at | 92.4, that for 10 utilities improved .5 | of a point at 86.2. | The foreign section was without fea- | ture except for a moderate decline in Belgium, 1 #7.60: Norway Denmark, °14 Areentina in New Y real, 100. hanghai Mexico City « nd. 2 :nrtunl 4. " Yugoslavia, ry.Ron’ Rum jon: Brazil Hon er pesg). 27 Caechoslo ekon: o Sontreai : New lYurk in Mont- PHILADELPHIA PRODUCE. PHILADELPHIA March 1 Dressed poultry. fowls. old roosters. 16aT8, Live poultry unchanged. Butter. top grades. 317y 91 score, 31 score. 30. 90 90 90 Argentine 6s 'l 90 Arzentine 660 Sep 90 Argentine 6s'61 Feb 90 Argentine 65’61 Ma: 971 92K Australia 4158’ 104's 983 Australia 5 5 104'4 9%'y Australia 5 102% 101 Austrian 7s 43, 96 89); Austrian 7s’, 10715102 Belgium 6s 117% 110% Belgium 7s " 110« 106 Belgium 7s'36 99% Bergen 5s 49 4“ 391 Berlin City El 31% Brazil 6128 192 Brazil 6128 1 Brazil 8s '41 Bremen State 7s '35, Ruenos A 65'61 Pv stpd. 105% 102% Cor 106 105 Cons ¢ 40'3 29 Cuba R R 1st 50 37 Cuba North 5 1% 1 Cuban Cane Prod 6 107t 106% Cumberland T&T 5s 94% T5% Del & Hud rf 4543 39% 24'% Den & R G con 4s '3, 12 7 Den&RG Wis' 11 6 Den & Rio Gr 5. 21 128 Den & RG W rf i 11114 108% Det Edison ref 5s 110 108% Det Edison ref 5 107 105% Dodge cv deb 6s 40 110 107% Duquesne 1st 4138 °'67.. 109% 11 7Y% East Cuba Sug 7% 102 97% Erie con 4s'96. 19% 72'; Erie gen 4s T4% B54% Erieref 58’ T4'» 53% Erferef 5s'75. 12 6% Fla East Coast 55 '74... 15's Texas & Pac R R. 3's Tex Pac Coal & ()Il. #1; Tex Pac L.and Trost 51 Thatcher Mf 91360 1 5% The Fair. 3 51‘-Thebairnf 35 .) 208 23 Thermoid Co 2% Third Avenue 5% Thomp'n(JR) (30c) . 13% Thompson Products 59 1% Thompson Starrett. 33 7% Tide Wat Asso Oil.. 122 84 Tide Wat A O pf(6) 8 7% 27% Tide Wat Oil(a35e). 100s 101& 100 ‘Tide Wat Ofl pf (5) 3 T4 4 Timken-Detroit. . . « Fimken R B (1). 47 Transamerica 125e) .'H') 5' Transue & Willlams 12 17 Tri-Contl Corp..... 118 71 Tri-ContiCpf (6)..x 5 36 Trico Prod (2%)...x 7 Vanadium Corp Van Raalte. ... Van Raalte 1st pf 7 Viek Chem (12.40). |81y 7ulcan 110 109'% Vulcan Va El & Pwr pf (6). 54 Va Iron Coal & Coke Detin (a4) . Detin pf (7) 2% 1% Wabash (k). . 31, 1% Wabash pf (A) (k). 4'x Waldort Sys (h20c) E 27% Walgreen Co (m1). 116 114 Walgreen pf (6%5). 1% Walworth Co. . Ward Baking (A Ward Baking (B).. Ward Baking pf (2)x Warner Bros Pic. 340 : Warner Bros Pic nf 3’101 Warner-Quinlan. .. Warren Bros Warren Fdy&P (2). > : : 5 s : " 148'61Py st German obligations following dis- | ““Eggs. 4.584; steady: prices unchanged. BuenosA¢%s'$1Pv stpd 4% Truax-Tra Coxl 14 4 ) Webster Ef. alohr. 89% »5 GenCable5ls'47..... 13 3 3 3 ‘ Wells Fargo.. 74% Gen Steel Cast 5643, 179 Gen Theater Eq 6s '40.. 71 i 921, Goodrich 6s '45 975 | 109% 108 * Goodrich 6158 47 L1081 106 104 Goodyear Rubbe 106 10714 106 Grand Trunk 6s '3 106% 106% 103% Grand Trunk 7s 40 106 104 99 GrtNorRrf4='61A. 101% 79% 65 Great Nor 4%s D'76 6815 93 75 Great Norgn3'sB 52, ThW 95 820 Great Nor gen 7s'36.... 87h Canada 4s '60 315 Truscon Steel e 31 Twin City R T 2 5 5 . 184 Twin City R T pf.. 330s 1strict business barometers e 62 g 1% Ulen & Co. 54 Und-Ell-Fisher (2) x 41% Un Bag & Paper (4) 9 44 UnCarbide&C160. 190 14% UnOilof Cal (1)... 46 £t Un Pacifle (6) ... 125 791, Un Pacific pf (4) 4 207 Un Tank Car (1.20). 1s Western Md 2d pt 9% United Afrcraft. 70 Western Pacific.. 2 United Air L vte.... 88 T Western Pacific pf. 4 20% Western Union.... 5 Westingh'se AB §0c Westingh'se Elec.. 341 Westh'se 1st pf 313 30s 4 Weston Elec Inst.. Weston Elec A (2). Westvaco Chl (40¢c) Wheel & Lake E pf. Wheeling Steel. White Motor. White Rock M S (2) West Pa Elec pf (7) 5108 West Pa Pw pf (6). 2 West Pa Pwr pf (7) 2 Western Dairy pf A Western Dairy pf B Western Maryland. X Chile 65 '63. . Chile Mt BK Chilean Mun L 7 Copenhagen 5s . 4 Copenhagen Tel 14% Cunda’amarca 6125 105 981 Czechoslovakia 8s ‘51. Leading business baromoters in Washington showed substantial gains In February over February, 1934, according to figures compiled yesterday. Checks passing through the Washington Clearing House revealed an especially notable increase, the total of $60,966,281, comparing with $49,091,924 in the same month a year ago. ‘Telephone business in the District scored further sound advances, the | 8915 Harlem R-PC 1st 4s 54, 92% Chesapeake & Potomac Telephone Co. reporting 191,439 telephones in service | gga. 91 Denmark 414s'62 9 215 40 Hudson Coal 58 '62 40% in February, 1935, against 180.610 in February a year ago, a gain of 10829 | 197 93 Denmark 513s'55. 39% 35 Hudson & Man adj l’orl;hbe montt;.gszrelephune calls were also far ahead of the total conversations | 105 101% Denmark 6s '42. 90% 87 Hudson & Man rf 5. - = n February, i The sales index of department store trade also moved up, standing at | 104% 101! Finland 6%;s'56 . 2% 102% 87.2, compared with 73.2 in the same month last year. Receipts at the Wash- | 190 184! French 71;s'41. 185 ington Post Office mounted materially during ‘February, a total of $499,866 S 3 in receipts comparing with $426.931 in the second month of 1934. 48% 41% Ger Con Ag 625 '58 f5'- Another important barometer, the use of electricity, backs up the other | 37! 28% German5lzs 63, . 2 9%5 12:’ five in revealing business advances. The Potomac Electric Power Co. reports | 7' 8% German Rep Ts49. . o total kilowatt-hour sales in the District in February as 44.678,092, as against | 116' 110% GrtBrit& Ire5%s 37. . ; Y 40,019,647 a vear ago, an increase of 4,658,445, or 11.64 per cent. Detailed | “g41. 8514 Ttaly 7s '51. 85% 2 Inter Cement 5s '48 figures for all the barometers are as follows: 89 5315 Italy Crd PV S48 AR 6 Inter Gr Nor adj 6s 713 United Am Bosch. 237 United Bise (1.60). 15 46 United Carbon 2.40.x 32 135 United Corp. . 20% United Corp Dl 9% Caited Drug 4'2 Unit Dyewood 3% United Elec Coal 3 T1% United Fruit (3)... 9% United Gas Imp (1) 871; United Gas | pf (5) & 214 United Pap'b'd (k). 2 White Sewing Meh. 2% United PeeDW... 10 3 3 3 9% White Sew Mach pt 15 United Pee D'W of. 1308 18% ; Wilcox Oil & Gas.. 13 U S Distributing. 1 Wileax Rich A 3%6) | 111% 109 111 Bell T1strf5s'56 A. Ilb’q 86% 75 11l Cent ref 4s '55 | 63 4214 Ill Cent 43,566 106/ 103% Inland Steel 41 Inter Rap Tran ¢ Inter R T cv 7s'32 ctfs. ’ 9% 15% Thatcher Mfg (a25cx 25 CHECK TRANSACTIONS 75 Italy P U Credit 7s '52.. 75 T b 3 Inter Hvdro EI 6s '44 WASHINGTON CLEARING HOUSE. Month. 1932. 1933 1934, 1935. January $92,855,736 $72,567,289 $55,737,297 $69,566,923 February . 80,807,544 61,012,252 49,091,924 60,956,281 March . 89,616,463 32,644,947 62,204,874 April 89,654,233 38,960,517 61,207,334 May . . 80,493,495 40,453,198 61,662,074 June ... 85,449,660 56,487,657 66,669,995 July . 76,646,111 51,328,169 63,082,328 August .. 68,830,619 45405937 59,433,291 September . 69.894.030 49,971,241 58,351,954 October .. 71,358,330 57,625,740 67,484,711 November . 69,033,153 54,720,559 63,329,938 December . 76,167,741 57,282,201 170,339,943 $956,807,110 $618,409,707 $738,690,669 TELEPHONE SERVICE IN DISTRICT CHESAPEAKE & POTOMAC TELEPHONE CO. Number of Telephones in Service. 1932. 1933 1934. 1935. 180,217 178,738 179,882 181,062 178,264 180,610 181,670 178,009 181,324 182,324 177,450 182,519 182,306 176,034 182,968 180,825 174,023 182,723 179,080 172,827 182,592 177.850 172,675 183,318 177,949 173,713 184,956 178,506 175,605 186,432 178,843 177,063 187,770 179,288 178,761 189,017 Average Originating Calls Per Day. 1932. 1933 1934. 1935. January 707,462 691,437 708,810 747,418 February . 730,512 708,212 747,238 780,217 March . & 712,937 617,953 748,339 ‘April 744,918 687,233 752,283 May ..... 743,318 716,140 761,923 *June 721,666 708,154 158,615 *July 629,702 618,164 646,272 *August 600,644 602,856 615,227 September 655,600 663,194 663,194 October .. 699,574 686,406 728.395 November 700,490 698,046 736,596 December 712,367 720,890 750,051 191,439 *Seasonal decrease due to vacation period. SALES INDEX OF DEPARTMENT STORES DISTRICT OF COLUMBIA. Average Monthly Sales 1923=100. Month. 1923. 1931. 1932. 1933. January . 2.9 95+ 9.0+ 65.7 February 3.8 97 87.0 68.5 102.7 121 104.0 6.5 89.0 1244 102.0 93.2 105.7 122 106.4 97.2 106.2 127 102.6 926 689 86 62.7 57.8 695+ 8 66.7 74.7 . 815+ 104+ 94.6 923 . 122.7 150+ 118.5 1111 . 116.7 123 104.4 103.6 . 190.4 216+ 1716 107.7 POSTAL RECEIPTS Reported by Fiscal Years. 1931-32. 1932-33. $399,565.42 $461,619 365,060.24 442,856 451.257.27 i 528,922.39 > 442,274.18 496,509 689,555.99 730,816 497,829.03 459,256 437,778.77 487,307 494,067.79 759,261 456,954.50 454,748 416,676.42 456,693 396,726.55 444,198 1933-34. $372.818 397.364 1934-35. $424.733 445,316 433,460 524,327 528,238 132,452 536,949 499,866 Totals .......coo... $5.576.668.55 $5,193,164 $5,631.243 *Figures unavailable. KILOWATT HOUR OUTPUT FOR DISTRIC[‘ POTOMAC ELECTRIC POWER CO. P 1932, 1933 1934. 1935. Jleld::rt;‘ 30,813,011 31.828,330 41,106,210 47,724,426 February .. 29,408,419 29,878,324 40,019,647 44,678,092 March . 28,823,274 29,233,335 41,651,986 April 28,832,734 29,009,081 40,120,455 May . 217,785,989 28,516,749 39,910,822 June . 20,303,362 31,004,751 42,175,649 July 28,905,696 29,849,824 42,865,935 Auéust - 28,333,558 | 30,289,953 42,106,021 September . 29,118,173 ' 30,932,311 40,801,310 October .. 29,068,105 30,791,807 42,836,671 November 29,747,642 31,068,766 44,543,674 December . 31,304,069 41,300,871 46,150,745 A 190,259 | 8414 77% Japan 528 '65 97 90 Japan6lzs 54 34 26% Kreug & Toll &: —_— 85'% 76% Milan 6'38'52....... . e——— 10215 971 171 164% 102% 98'3 Norway 5 s 63 103 99% Norw: 6 104% 101 N 97% 88 Norway llvhlb‘yu 57. 79'%3 T4% Orient Dev 5‘;! 68,00 82 77% Orient 6s'53. ". Peru 65’61 126'4 114% Poland 7s 36% 28% Prussia 6s'5 ———— 110 106% Queensland 7s 41 —_— 43 364 Rhinelbe Union 3915 31% Rhine Ruhr 6s 53 43% 39 Rhine West 6s 43 38% Rhine West E1 P 6s'53. 4315 38% Rhine W E P 6s'55 ww. 871 7% Rome 6%s'52.. 1361 105% Royal Dutch 4s°45. —_— 911% 76% Sao Paulo State 7 42y 34% Saxon 7s'45.... . —e 81 74% Taiwan E15%s'71. . 911% 88% Toho Elec Pwr 7s'55. 79% 172 Tokio Elec Lt 63’53 e ———— 43 35% Unit Stl Wks 6158 A '51. 41% 34% Uruguay 6s'60. . Uruguay 6s '64. 73% 65% Warsaw 7s'58. 431> 35% Westphalia El P68 53. . ——————————— 85 80% Yokohama 6s '61 DOMESTIC BONDS 105% 103% Abram & Strs 5145 '43.. 105 751; 64% Alleghany Co 58’44 71 66% 54 Alleghany Co 58’49 26 15 Alleghany Co s 26 15 Alleghany C5s’. 101% 100% Allis Chalm 5s '37 102% 99% American Chain 6: 61% 52 Am & For Pw 552030 107% 105% Am I G Chem 5%s'49.. 94 851 Am Internat5%s 4 112 104% Am Roll Mill cv 5s " 1057% 103% Am Sm & Ref 5547 104 103 Am Tel & Tel gold .43 M 1081 106% Am Tel & Tel 418 '39. 110% 108% Am Tel & Tel cl tr 5s I‘ 113 111% Am Tel & Tel db 55 '60.. 113% 111 Am Tel & Tel 55 65 113% 111% Am Tel & Tel 53s " 97% 80 Am Wat Wks 58’44 251 20% Am Writ Pap 6s 47 10315 102 Armour & Co 4%45'39... 106% 103 Armour of Del hzs "43. 104% 101 AT &S Feadj 4s'05. 106% 101% A T&SF adj 4s 9:: stpd. 111% 106% A T & S Fegen 4s'95... 110 105 AT&‘Slz:e]:'ifiu‘:! 103% 99% Atlantic St 48 9215 85 AtlanticCL 4%s 64. 108 107% A tic Ref deb 5s '3 105 95% Baldwin Loc 5s°40. 104 97% B& O 1st4s’48. 60% 39% B & U/:l‘(l) 109% 102% B & O 1st 58’4 7% 55 B&Oref58A'95 76% 54% B& O 58’96 F. 76 54% B&Oref5sD 86% 64% B & O 65C'95 100 95 B&OPLEX 99% 91 B&OS W Div6s’50... 86 177% B&O Tol Cdiv4ds’s9.. 104 100% Bangor & Aroos 119% 113% Bell Tel (Pa) 6s B '48 122 116% Bell Tel (Pa) 55 C 60 104% 103% Beth Steel pm 553 115% 107 Beth Steel rf 58 '42. 79 62% Boston & Maine bs '67.. 110% 1081 Bklyn Edison 5s A 49.. 106 104% Bklyn Man Tr 65 A '68.. 105 100% Bklyn Un El6s 50. 105% 103% Bklyn Un Gas 5s '50 - 70% 54 Buff R& P con4%s'57. 51 38 Bush Term cons 5s'55.. ————————— 104% 103% California Pack 5s'40.. 114% 109% Canada Nat R 4148 '51.. 4%8'64... PR TN FREEJ2FR 2! Inter Mer Marine 6s ‘4 5 7 U S Distributing pf &0s 4 Inter Paper 5s A "47 55%, Inter Tel & Tel 415s 51': Inter Tel & Tel 4135 52 56! Inter Tel & Tel 58 '35.. 78% T1% Kan City South 3: T4'; 57% Kan City South 5s°'30... 109 105% Kan City Trm 1st 4s '60. 107'5 105 1004 Kan Gas & E14738°80.. 104% 57 4413 Kelly Spr & Tire 6= 103% 101's Kendall 5138 48 ww 10915106 Lack Stl 1st 5850, 62 Laclede5%s D60, Lautaro Nitrate 6s ‘54 8 Lehigh Valcn 4s 2003.. 37 1201 115% Liggett & Myers 58 '51.. 1201 106 103% Loew's 6s'41 « 105% 115'4 11214 Lorillard (P) 5 eees 115 128'3 126% Lorillard (P) 7 . 127y 69'; 58'3 Louisiana & Ark 5s G" 60 112 107% Louisville GEE 5= 2 111'% 106'; 104'» Louis & Nash uni 45 '40. 1064 99'; 93% McKesson & R5%s50.. 99'3 by 5 Man Ry N Ycn4s'90... 52% 72 63 St Ry 40.. 67 10215 9574 Met Edison 4125 '68. 1021 103'3 102% Midvale St & O 5s'36 10314 7% Mil El R&L Ist rf 5561 93% 76'%s Mil El R&L gnrf 58 '71. 30 M St P&SS M con 4s 38 £3 Mo Kan & Tex 1st 45 '90 14% Mo Kan & Tex adj 5s '67 49% Mo Kan & Tex 5s A '62.. 55 6% Mo Pacificgen4s'75... T4 23 Mo Pacifierf 5s A "65... 224 Mo Pacific 5s F '7 22'3 Mo Pacific 58 G '7: 22% Mo Pacific 5s H '80 22% Mo Pacific 5s1'81. 4% Mo Pacific 5128 A '49 9313 Montana Power &8s '4. 9215 Morris & Es 3128 200/ 87 Morris& Es412s'55 97 Morris & Essex 58 ssau El cn gtd 4s'51. 102'- t Dairy Prod 51,8 48 104Y% 108 105% Nat Steel 53756. .. 101 94 3 5514 wOr PS5s’52 A, 55% NewOr PS5s8'55 B... 24% New Or T & M 5148 '54 NYCent3les's7...... N Y Centref 41352013, N Y Centrf 4%s2013 n. N Y Cent rf 58 2013 4 N Y Cent deb 6s'35 N Y Cent conv 68 44 4 N Y Chi&St L 4%s'7 NYC&SILrf5%sA'T4 55 Y N Y C&St L 1st 65 "35. 56 109% 107% N Y Edison 58 B 44. 114% 113 N Y Edisonrf 6l%s 39% 2% 30% 18 45 28 63 40% 52 32y% M - 61 45 N Y Ont& Wnref4s’92 111 109 NY Telgen ‘%s’39.... 111 32 17% NY W& Bgen4ls’'46. 21% 76% 62% Niag Sh Md 5328 '50. 1 109% 106% Norf & W div 4s '44. 114% 110% Norf & W 1st cn 4s'96 88 81% Notrh Am Co 58 ‘61 84 71% North Am Ed55C 8415 78l North Am Edis5%s 76% 73% North Pacific 3s 2047. .. 107 102% North Pacific 4s'97.... 89% 80 North Pacific 4%s2047. 83 . 102% 93% North Pacific 65 2047... 95% 1075% 103 North St P 1st5s A '41. 107% —_— 105% 101% Ore Wash RR&N 4s '61. lgz% 91% 69% Otis Steel 1st 58 A "41.. - 109 106 Pacific Gas & E15s'42.. 107 1073 106% Pacific T & T 1st 58°37. 1074 75 58% Para-Fam-Lasky 6s'47. 7415 75 59 Para-Fa-Las6s'47ctfs. T4y 15% 591 Paramount-Pub5%s’50 75% 75% b58% Param-Pub 5%s '50 ctfs 75% 104 101 Pathe Exchange 7s’37.. 103 104% 100% Penn R R 41581 D 104% 99% Penn RR4%sE'8 108% 105% Penn R R gen 4%s 97% 91% Penn R R 4358’70 106% 104% Penn R R 435 '63. 107% 105 Penn R R 58 '64. 115% 111 Penn R R gen 55 '68. 106 104% Penn R R 618 '36. 104% 98% Penn Pw & Lit 4%s '81. . 105 98% Peoples GL&C ref 55’47 104% 8415 80% Philadelphia Co 5s '67.. 83% 108 104% Phila Elec Co 48°'71.... 107% 53% 41% Phila & Read C&1 6349 46% 102% 1013 Phillips Petrol 6%s '39. 1:?‘ 60 60 50% PortG E 4%s ‘60 524 42% Postal Tel & c- 5 102% 99% Pure Oil 5% 90 82% Purity Bak 6 1l 3 ; 1% US Express...... Tl2 43 US & For'n Secur 15'3 11 US Freight (1). 4 531a 40'3 U S Gypsum (1)... x 37 148 143 USGypsum pf (7).x 40s 7 5 U S Hoffman 's 35'% U S Ind Alcohol (2) x 3's US Leather....... 713 U S Leather (A)... 14% U S Pipe & F (50¢c). 19% U S P&F 1st pf 1.20. 3 U S Realty & Impr. 9% U S Rubber........ 42% 24'; U S Rubber 1st pf.. 12414 106! U S Smelt & R (h9). 69 6273 USSm&RDI(3%). 40% 28 US Steel . 94 T5% U S Steel pf (2).... 014 119'% U S Tobacco (17%) x 4 149% U S Tobacco pf (7). Tla 3% United Stores (A).. 65!z 4813 United Stores pf... 59 51 Univ Leaf Tob (2). Wilson & Coal2ise Wilson & Co pf (6).. Woolworth (2.40).. 11% Worthington Pump Worth Pumpof A.. « Worth Pump pf B.. 5! Wright Aero....... 12 73% Wrigley (Wir)t33. 13 24 17% Yale & Towne (60c) 3 4% 2% Yellow TrucK...... 40 42 34'; Yellow Truckpf... 170s 36y 21 18'x Young Sp& W t13 x 32 19% 21% 13 Youngstown S&T.. 84 15% 213 1'; Zenith Radio. 4 14 4% 3 ZoniteProducts.... 72 3% Dividend rates as eiven in the above table cash payments based on the latest juarteriy declarations s Unit of tnd!nl le!! than 100 shares tPartly Qlu | 8% in stock b Paid last year—no regular rate b e © Fivanl, 5 cash or stock, 1 Plus 31 in svecia) “Dreierred ePlus 4% in slock ald this year ) Accumuiated 3 | dividends kcompnme- Tevorted ¢ {n receivership or being reor- 51 51 _oy | ®anized mPlus 6% in stock lus 3% in stock D Plus 2% FINANCING TO CUT TAX-EXEMPT LIST, DEMAND SPURRED | (Continued From First Page.) and thus promote a desirable simplifi- cation of our currency structure. In- flationary implications are merely “wishes” and “possibilities.” Under a realistic assay, the most significant events of the week in finance and business emerge as defla- tionary. Fundamentally, the tendency of investment capital to seek safety in high-grade bonds, and the lack of any enthusiasm for equities and com- modities on the part of so-called speculative capital are contra-infla- tionary. For some time, the balance | has been delicately adjusted, with managed recovery attempting to throw | its weight upon the side of a sort ol, modified inflation, so-called “refla- tion,” while time and tide seem to | have been running the other way. 5 Such economic leadership as we and the rest of the world have appears to be faced with insurgency, cf which there are outstanding in- stances in America. But beneath the surface of unrest and unsettlement may be found something which is constructive. There is growing impa- tience with the new-found tenets which were to lead us out of economic turmoil, impatience to have done with experiments that get nowhere. Cotton Break Marks Trend. The most significantly deflationary development was the wide break in | cotton which carried the staple down | nearly 2 cents a pound before the| decline was checked. Subsequent | rallies restored 40 or 50 per cent of the extreme losses. But the break 1evealed one or two inescapable facts. Cotton artificially held off the market by the loan expedient remains a potential source of supply. Moveover, s private business has learned, hold- ing up a price umbrella for other producers to stand under is the surest way to invite competition. . From a broader viewpoint, the cot- ton debacle has directed attention afresh to the question whether other price structures, reared by compulsory legislation of one sort or another, are not aiso artificial and, therefore, vul- nerable. With the N. R. A. under fire in Congress and doubt still unrelieved as to its ultimate fate, business may be pardoned for holding off on its for- ward buying commitments, in doubt as to whether this flcht-lm of managed recovery is to be permitted Planked Shad With Roe (Stnee 1858) b/ to maintain its sway over industrial | costs, and, indirectly, over prices. Uncertainty over such other legisla- tion as the work-relief bill, the bonus | measures and the so-called pubue‘ utility holding company bill is llso deflationary in its effect. The public utility bill is decidedly deflationary in its potentialities, de- spite the President’s assertion that it “will not destroy a penny of actual value.” That the utility stocks did not suffer more by reason of the Pres- ident’s giving his blessing to the measure was due largely to their already severely depressed levels and the feeling that the present Congress is not of the same stripe as the com- }:hg;g; legislative body which met in 1 (Copyright. 1935. by North American Newspaper Alliance. In LOANS We Will Make First Trust Construction Loans on Residential Properties Prompt Action on Application Real Estate Mortgage and Guaranty Corporation * 1610 K St. N.W. STATEMENT OPP THE CONDITION Mutual Protection Fire Insurance Company The District of Columbia On the 31st day of December, 1934 as required ‘under Section 647 of the Code | of Law for the District of Clumbia. INCOME. Net premiums $990.83 | Total interest and rents —in anv amount. for investment S IT sticcted” Brat trosts” vielding 55 Total income. $3.065.16 We' can asist you tn keevine your || Net amount® o RmMENTE, money steadily employed at profitable ers for losses al | All other disbursements . TYLER & RUTHERFORD, INC. 1520 K St. NW Natl. 0435 Total disbursements Mortgage loans. on real estate. $35.850.00 Cash in company’s office 15 Deposits in banks. . PR Interest due or accrued 416.63 Gross assets m 3 Deduct assets not admitted. None New Amsterdams Total tt ... .$40.498.71 2100 Massachusetts Aves. e otal Al s, “‘;‘::3: ks ‘otal unearned premiums 5 gfi;}:"l b Other liabilities—Dividends un~ “bbitts paid to policyholders 288.08 Washington Auditoriums || C8jtal, B3id up—Mutual None Surplus ~ver all liabilities 39,1 4 C. B. Pennebaker Total wairrEn Podme Company, Ine. ot Uie YEAR Southern” Bldg. !fl.{)?\ufili Dfll olco’lllmbll Washington, D. C. : National 2335 National 2313 R, "c"i"a'}vm BALLANTYNE, President. BURTON. Secretary. “Dealers in Unlisted Securities, Svecializing in Real Estate | ,55‘,"?55"},’1"»}{'?&"1""5” s ne e Mortgage Bonds” (Seal) LEE BROWN. Notary Public. | My commission expires July 15, 1938. 'WE WILL BUY Riversides ORTGAGE LOANS PLAN FOR THE FUTURE when money will be needed for some specific purpose, through in- vestment in our FIRST MORTGAGES Fixed interest, liberal in rate; se- cured principal—and conveniently available in multiples of $250 up. B. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. MANAGEMENT Forty Years First Mortgage Investments PROPERTY