Evening Star Newspaper, March 26, 1935, Page 17

FINANCIAL. U.S. BONDS GAIN; OTHERS ARE MIXED Decline in Carrier Issues Slackens—Industrials Fairly Steady. By the Associated Press. NEW YORK, March 26.—Sand was applied to the rails in today's bord market, but it did not entirely check the slide downgrade. United States Government obliga- tions were mostly higher. The Treas- ury’s announcement that it looked as though at least 80 per cent of the fourth Liberties called for April 15 would be converted into the new per cent bonds, was favorably received in Wall Street. Yesterday's rumors of impending reorganizations for some of the weak- | est railroads failed to bring out any tangible developments, and the decline in carrier obligations slackened, but | & number were moderately lower, in- cluding some obligations of more strongly intrenched roads. Dealers | thought there was some disappoint- ment over the delay of the Interstate Commerce Commission in ruling on | the appeal for the higher freight rates. Communications issues were mostly firm, and industrial loans were fairly steady. Electric power issues were dull, and a few were in moderate de- mand. Foreign government loans were ir- regularly lower, but losses were mostly | modest. Belgian issues were not much affected by the further slump in the belga, ASSOCIATED OUTPUT JUMPS SIX PER CENT Bpecial Dispatch to The Star. NEW YORK, March 26.—The high- est percentage increase in electric out- put for seven weeks was reported by the Associated Gas & Electric Sy: tem for the week ended March 16, with an increase of 6 per cent. This output is larger than any ever reported by the system in the com- parable week of previous years. For the four wecks to date the Units | (k.wh) produced totaled 55.803.617. | By private wire direct o The Star. LIB ! H 'l' . Low. 2:55. lOl ll 10112 10115 10116 10115 10115 10225 10224 10224 d.. 10031 10025 10031 4th 4% = 23-38 3d called reg.. 10024 10024 10024 TREASURY. 27,8 1955-60.....101 210029 101 2 38 194648 103 8103 5 3 R 88195166 10310 103 9 103 9 34 1946-4 +. 10410 104 5104 & 3148 1749 52 104 6104 4104 6 348 194) teees 10718 10715 107 1X | 31451941 reg. 10713 10713 0713 3%8 1944-46 1055 105 1105 3 940-43 June 1079 107 6 107 6 3%81941-43 Mar, 10710 107 9 107 9 338 1943-47 106 21 10620 10620 33,8 1946-66 10911 109 9 10911 48 1944-64 11030 11028 11028 4 34819 105 9 105 5105 6 4% 1947-52 . 11526 11524 11524 FEDERAL FARM MORTGAGE. 000, 10128 10126 10126 eees 10124 10121 10121 3%s 1964, . 10310 103 % 103 9 HOME OWNERS’ LOAN. | 2% 1939-49... 10010 100 6 100 7 | 381952 . 10123 10118 10122 | 4s 1981 101 5101 2101 2 FOREIGN BONDS High Low 2974 34n 193241 1stev 438 3. 4th 48 193 4th 4% s 33 34 eal | Abiting PagPw bs 53 Agr Mtg Bk Col 6s '47 Feb cou on. Akershus 5= 63 Alpine Mont S 78 '55. Antioquia 7s 45 A... Antloquia 7= 45 C... Antioquia 7s ‘45 D, Antwerp 63 '68. . Argentine 6138 '62... Argentine 6s°'57 A... Argentine 6s ‘58 B... Argentine 6s ‘59 June Argentine 63 '60 May. Argentine 6s 60 Sept. Argentine 6s 60 Oct, . Argentine 6s ‘61 Febr Argentine 61 May. Australia ¢ 56 Australia 58’56 Australia 5s i1 Austrian 7s '43 g Austrian7s°57.. 21% Bavaria S 614 Belgium 6s ‘65 Belgium 6348 ‘49 Belgium 7. | Belglum 7s M. | Berlin 6s '58. | Berlin 6145 '50. Bolivia 18 Bolivia 8s 47 105% 100% 31w 31 5% Brazil 8s '41 Brisbane 6s '67 . Buenos A ¢s 61 st Pv increase in output was 3.4 per cent | over the same permd of last year. INVESTMENT TRUSTS NEW YORK. March P —Security Dealers’ Association (Noon aquotations.) Bid 1343 26 Asked. 1.01 S5 1ita Admin Fund ww. Am Bankstocks Tristeed Am Bk B FEDERAL LAND BANKS NEW YORK Land Bank bond: (Quotati May & March 26 (P).—Federal s as of 2 o'clock.) Bs .. 1011 D10 S 1olts 4145 July. 4s* May! 4s Nov 106% 107%s FOREIGN MARKETS. Bid. Asked 1074 103 106% 103% 112 1034 | 12 11% 1y 1% Canada 65’53 Chile 63 '60. Chile 6s ‘61 Febr C 3 Chile Mtz Bk | Chinese Gv Ry 58 Colombia s 61 Uct.. | Col Mtg Bk 7s 46... | Covennacen 4148 A3. | Covenhacen bs 2. Cordoba 1s ‘57 City Cordoba 7s 42 Prv Cuba 55 1914-49. Cuba Blos 4h . Cuba 51%s 53 Cind'amarca 1 s A8 Czechoslovakia ¥a 51 Denmark 4%s 62, Denmark 6%s 85.... Denmark 6s'42 ..... Elec Pow Ger 633 50 Finland 6s 46 Finland 638 56 French Gov 1%!'41 Ger Prov & City Bk con Ag 6138 '58. . | Ger Gen El 7s 45 Great Br& Ir 45 '90. Great Br & it olgx 31 Grt C El Jap 6'g= 50 Haltl s 52 Hansa SS fis 39 ww Italy 18 51 1al Crd P W 7s 47 B [tal PUCrd 7s '52... Japan 63%4s 65.... Japan 6%s h4... | Kreu&Toll 68'69A cfs Low Aus HE 6155 '44 Medellin 6%s 654.... Merid Elec 7s 57 A Mex 45 ‘54 asst. . Milan 638 52 . Montevideo s 59... Montevideo 7s ‘52 Nord Rys 6159 ‘60 Nor Ger L1d 6547 new By the Associated Press LONDON.—A br. gped on the Stoc to the bt tencency devel e today OWINg in tezard to inter- dged securities. ‘sues improved. o ndvanced fol- | Rubber | in that commodity. istues met | with cupport The market | elesed firn i PARIS " Weakness in_the belga led to | gimilar action 1n Belgian lssues on the Bourse tocay. while international shares French stocks vere variable which de- clined. ~ The closing_was_strons BERLIN.—After an irrecular opening trading on the Boerse developed duliness today. The closing tone was weak. e_excepiion of rentes. CHICAGO PRODUCE. CHICAGO. March 26 (P.—Po 18 trucks: steady to firm: hens. and under. 20: more_than > b Leghorn_hens. 1712: Rock fryer red. eshors Sprines. itry, live, | 5 pounds | nds. 19: | col- | pounds. | Butter. 9,120 H rn‘am!n’ !NCIII!‘ 5 as firm: extra firsts, wraded firsts, 2014-: : storage packed firsts, Egg_sales, 1 car 2 %855 storage packed 20122 cu 2094 On track. 236: total United | 550: old stock steady: | best _higher: commercial. gan Russet Rurals. 8. Russets. ) higher: rnmmerrul .15. new stock. iliss Triumphs. U. S._No. 2.00: U. S. 1 No. 2. REICHSBANK STATEMENT. PERLIN, March 26 (P.—The Reichs- bank statement as of March 23 shows the following changes in reichsmarks' ~Gold and bullion_increased 109,000, reserve in foreign currencies decreased 20.000, bills of exchange and checks decreased 184.. 682,000, silver and other coins increased (100, notes on other banks increased 00, ‘advances decreased 6.912000. Taveriments decreased 6,319.000, “other assets increased 15.! 00, Dotes. in. cir- ecreased 00, oth arine” obijgations decr uring other liabilities dfcruua TR16 “Total' gold holdings. A0,545.00 Note coverage. 2.58 per cent. Rate of discount, 4 per cent. NEW YORK PRODUCE. NEW YORK. March 16.851: firm and commercial standards. 30050 mediums, 40 poinds. other mixet;lt colars unchanged. © - 1 Steady to i g Dou i mha; freight quotations ettled. Creamery, iaals: extra (93 sco SBI0 ARe G001 scores) 32V contralized (90 score), 32%s. Cheese, 387.927. weak. Prices un- anged. colors; 20%a21; —_— ! North American Car Corp. 1934 common share earnings were 61 cents v&. 34 cents. 4 | Shin'su EI F 6ige 62, Norway 58 63 ...... orway blgs 66, Norway 6s 43 . Norway 6s 44 Norway 6s 52 Oriental Dev 6s 83. Oslo 6s 65. OsloG & E bs 63.... Panama 6s ‘63 stp asd Poland 18 47. Poland 8s '50. Prussia 6= ‘52 Pri %851 Queensiand 6s 47... 1034 Rhine W El P Rio de Jan 6%s b; Aug coupon off.. Rio Gr do Sul 6s 68 June coupon oft.. Rio Gr do Sul 75 66 May coupon off . . Kome 6148 52.. \azrhrucken 6s 53 S#o Paulo St 6s 68 Saxon Pb W 7s 45... Serbs 7s 62 unmeon. 3U% 83 Silesia Prov 1s b8 70 81 9% 8 35 36 35% 36% 68y 37 Laiwan K1 538 ‘71... ‘Toho El Pw 7s '6b Tokio El Lt 6s 63 Un Stl Wk 6348 61 A. Uruguay 6- 60 Urugu: Uruguay u 4 Warsaw s 68... ... Westphal El P 6s '63. 87 Yokohama 6s 61.... . 82 82 DOMESTIC BONDS. Abr & Straus bl%s 43 1054 105 Adams kxp 4s 48, 891y Alleg C'orp bs 44 6614 Alleg Cory br 49 55"y Alleg Corp b= b0 ,... 14% Am & For Pw o !(Ilfi Am1GChbles 49, 1043y 102% 102% 107 1 109% 110 112% 111% 111% 112% 112 112 112% 112% 112% 91% viw 9% 691 691 6914 Am T&Tecl trbs 48 Anl‘i'l‘dob:l 60 Am Wat Wks bs s Am Wat Wks Am Writ Pap A » 1067 | | Chi Ind&L 4 |CR1&PTL 20% 20% 20%(GrTr'k THE EVENING STAR, WASHINGTON, BOND AVERAGES Complied by the Net change . Today, 1 p.m. Previous day . Month ago Year ago . 1935 high . 1935 low 1934 high 1934 1932 1928 . 109.9 . 1009 . 1103 . 1083 1935 high . 1934 high . 1928 high .... Hi Anglo-Ch Nitr7s'45. Ann A 1st ex in 4895 Armour& Co 438 39. Armof Del bls 4., Armstre Cork 63 ‘40, AT&S Fe4s’05-55., A &S Fend 4895 st, A &S Fe gn 43 96 A T&S Fedlyn 48 110% 99% Atl Coast L clt 48 52, 2% | AtiCLun4'%es 64 Atlantlc&D 1st 4s 48 Atlantic&D 2d 4s '48. AUG& W 16876 . Atl Refin deb bs ‘37 Baldwin Loco 58 40.. B&U I8t 48 48, B&OIst4s” llrog... & Oref bs 1000 D.. B&O PLE&WV. 45 41 B & O Swn bs 50.. B & O Toledo 4s '69. . Bang&Aroos cv 48’51, Beech Crk 4s ‘36 gtd. Bell T of Pa bs 48 B, Lell T of Pa ns 60 C. B 46 Beth Stlpm bs 36... Beth Stlrf db bs 42.. Bos& Me 4%s 61J.. Bos & Me bs 55 Bos & M 61 Bos& NYA L4 Bkiyn Cy R R 63 41.. Bkiyn Edis 55 49 A.. Bklyn Edis 68’562 .. Bklyn M T 63 65 A Bkivn Un E 68 ‘50 Buft GE4%s'81B | Buft R&P con 4% s 67 Buff R & P 5s '37 B Bush Term cn 68 ‘55 | By-Prod Ck 6%8 45 N 79y 104% 101 118% 122% 110 103% | Calif Pet db5%s 38, Canada Sou 65 62 A.. Can'dian Nt R 4% '61 Can'dian Nt R 433864 and Nt R 4% 8’56 dian Nt R 4 %5'67 Nt R 435 68 Nt 6s'69July Nt 5'880ct Nrdb6lys 46 Nidb s 40 Pe dbasperp Pc4lys 46 Pe4les 60 Can'dian Pc 5s 44 cfs Can dian t'e bs b4 CaroCl& U 6s 62 A.. Cen! I, E& G b8 B1. Cent ot N J gen bs 87 nt Pac Istrf 4s 49, 111 1037 1125 1104 104" Can dian Can'dian Can dian a 1164 lZdL 101 \S". 100% 100% H6% 112% 3 1027 10"1 l(l 5 94" s7n | 69 69 10215 10215 10219 102'4 118 113 109'3 109t 112% 1128 1103 110% 37% 37h 109 1074 112 105% | bl 105% 20 18 364 BTt LhellpCorpb. 4T, C&ugenshs 92, C & O R&A st 45 '89. Chi & Altref3s 49 .. Chi B & @ ref o8 71. Chi B&QI div 3%s 09 Chi & k1SS B) ChiG L&Cos 37, CRIGITW 48 CMASTE 45 CMaSt kN 47y 83C M&SUF 435 89 CMStI'&l ad) o Chi & NW xn 4s 87 Chid& NW 498 203 Chi & N 419 2087C Chid AW 648 4y .. Chid& NW rt 532037, C&NW Nr W 65836 Chi Rys 1st 58 '27. 34. CR & Prf4s’'d4ct. CR1&P4%4s’'52Ct. CRI1&Palm 60.. . Chi Un S 3 A. Chi Un Sta 55 63 B... Chi Un Sta 648 63 C. Chi& W 1 con 48'63.. Chi& W 16%s 62... Chile Cop deb bs 47.. CinGas Bl 48 68 A... Cin Un Ter 68 2020... Cin Un ler 68 '57C. . CCC&StL StLdives'90 CCC&STL r1 4 4877 Clev Short L 438 G) Clev Un Per 4%8°77. Clev Un ler b= 73 H Clev U Ter bl%s 72 A Colo Ind e tr 68 34 . Col & Sorf ¢%4s 26.. Colo & So 4 138 ¢ Columbia G & K deb” 68 ‘52 April Columbia G& B 53 b2 May...... Columbia G&E 68 '61. Colo Fuel & | 58 43 .. Col R P .. 15t 438 57 ColRPLb6%s 42... Com Inv Trbis 49.. Con Coal Md rf 50 Con Coal Md 68’50 cfs Con Gas Chi 6s '3 1 ConGasN ¥ 4 Con Gas N ¥ bi . Consumers Pwr 68 ‘53 Container deb 63 ¢3.. Contatner 65 46.. . Crown Wili P 6s'51.. Cuba R R Ist bs 52 Cuba R R 6s'36.. Cuba K K ref 114536 Cuba Not KK b8 42 Cuban Cane P 68 60 —_— Del & Hud ref 45 43. Den G & K68 51. Den & K G n 48 Den& R G W bs 66 Den&eRGW 5865 asst Den&R G rtbs 78 .. Det dison 4148 61 D Det Edison bs 62 Det Edison rf b Dodge s cv db Dul & Ir Re b Dul S 8 &At bs 37 Duqu Lt 1st 4348 '67. 103% 3319 261 29 4319 % 43% k) 77 1067 23 T 6 6 12% 2% 110% 110 110% 109% 109% 109% 109% 109's 109% 105% 105% 105% 1083 108% 105% 38's 381 38y 108% 108 108 5% 1063 23 T 6 12% — East Cuba 8 7348 37. E Tenn lien bs 1 BTV &Gacnb EIP&S W ref SI'GS. Eriecv 45 53 A ké T 103 103 105% 106% 438 3 Eriert fs % Erie Gen Riv 68 51 P Fed Lt & I'r Int bs ‘43 Fed Lt & Tr bs ‘42 =t Fed Lt & Tr 6s'54 B.. Fia EC Ry b8 74 Fla EC Rv s T4 cfs Fran Sug T%s 42.... Gannett 63 43 . Gen Cable b8 ¢7... Gen Elec deb 335 "42. Gen Pub Sve 534839, Gen Steel C 53484 Gen Thea Ec 6 96U 4% 94% l 47 1081 108% 108% Goody'r T & R 6 -u. 104% 104% 1043 Goth ank Hos 6s°36.. 821% 823 821 enu'u.. 106% 106% 106% J 114% | | Lou G & E 58 53 A Associated Press. 20 Ralils. -2 8.5 8.7 824 86.1 10 Indust. -1 925 92.6 94.9 86.1 95.9 922 92.9 3.7 40.0 98.9 10 Low-Yield Bonds. Previous day Year ago 1935 low . 1934 low . 1932 low ... Gr Tr'k of Can 78 '40. GtNRref4%s'61A. GtN Rgen 4481 B GUN R gen bs Gt N Rgen 78 Gulf Sta Stl 5% 106% 9814 704 6% Har Rv-P C 15t 45 64 Houston Ofl 6% s "40 | Hous & T C 1st 55 '37. Hudson Cenl 58 62. . Hud & Man inc 6887, | Hud & Man ret 68 '67. 11! Rell Tel bs 111 Cent 1st 3% 111 Cent 438 111 Cent Lou 3%s 5. 1CCStLNO 4% 1CC&StL NO6x'63. LIl Steel deb 4348 40, Ind & Loulsv 4s '56 Iniand Sti 4%s 78 A, Inlaid Stl 43%s 81 B, 108 10 105 104% 88! | Interlake 68 '51 Int AR col b8 42 s Int Cement s 48 IntG Nad)6s'52A,, Int Hydro El 68 '44.., int Pap 1st 68 47 A.. Int Pap ref 6s'66 .. Int T& Tev4yn'3y Int Tel & Te Int Tel & T Inv Eq bs 48 B ™. 101% Kanaw & M 4s ‘90 100% 57 | Kan C Sou 1st 38 '60. | KanC Sou rf in bs 50 Kan G & K 4%s'80 . i 42, | Kendall h14n | Kinks County E “°ae........ Lack Stl 1st 58 60 A Laciede Gas 83 39... Laciede G bi4s 63 C. Laclede G 6348 60D . Lake S&M S0 314597, Lautaro Nitr 6s 64 . LehC& N4lys 54 A Leh Val Coal 6838 .. LVNY4ks 40 gtd. | LV Paconaszoos . | LV R R con 55 2003, | Ligg & Mvr 5861, | Loew s fix 41 . Long isi den 68 37, "l Lad& Arkhs 6y . 10615 100% €0 59% 100 * 104% 95 94 8z 42ty 1120 104% . 103 . 61% . 112 107 101 L& N unit 48 40 rex. L& N 41ex 2003 C. |L&Nbs2003B L& Nrfbi4s2003. . L & N So Mon ft 48 '62 | M'Cro vS 518 41111ea | McKess & R 5148 50 | Market St Ry 78 ‘40 A Met Ed Istrf4%= 63 Met Ed 1st rf bs '63.. Mich Cent 48°40..... | Midvale S&0 63 36... MiIIER&SLb6s'S1., Mil ER & S L rf6s'71 | M1 Spa & N W 4n 41. | MStP&SSM b3 38 gtd MoK &1 Ist4s 90, MoK &7 4s 62 B MoK &T bs 62 A | MoK & Tad1bs 67.. | Mo Fac 4s 5 . Mo Pac 65 A Mo 1'ac o8 Mo I'ac bs 7 Mo i'ac s ¥1 1 | Mo bFecbion a9 A . Mont Pwrref 5s 43.. Mont Pow bs 62 A Morris& (‘o 4%s 39. Mor & Esx * 1 2000 Mor & Esx 58 '55. . Murray Body 6135 42 Namm & Sons 6s "43.. tlairy 6%s 48. Steel 63 '56. . ewbrviJJ)bls 40. New E T&T 438 ‘61. New J P&L 4% 60 . New Or GNR 55 ‘83 A New Or P S 58 52 A 55 B.. New Or T&M 6s 64 B New Or T&M 5%s ‘54 N YCentisks'97 ... N\ Y Centcon 4s 98... ¥ Centcy 6= 44 NYC Mich C 3155 98 YULSh3e 98., NYC&StL 4s 37.. NYC&StL 4%8°78 ., NYC&StL b%s 74 A. NYC&StL 1st 6s 35.. N Y Conn 1st 4348 53 N ¥ Edison 68'51C. N Y Edison os 44 B NYGEI H&P 4s 49. NYLac&W 1st4s 73, NY NH & B 3%8'5 NY NB&H 3%s NYNH&H4s'47 NY NH & H 4564 NYNH&H 68 . ... NY NH & H 4348 67. NY NH & H cl trés'40 NY NH & H 6548 reg Y O&W gen 48 55. Y O&W ref 48 y2 Y Rwys 6s 65 A. Y Rwvs inc 6s 65., Y & Rich G 65 '51., Y Steam Ist 65 47, N Y Steam 58 56 Y S&W xen §s '40., Y Telgendlas N Y Trap Roek 46 NY W& B 46 Niag Sh bis b : Nort & W aiv 4s 44’ Nort&W PL&C 4= 41 Norfa& W 1st 4s 6. .. North Am Co bs 61.. North Am Ed 58 57 A North Am Ed 6%s 63 Nor'n Pac gen 3s 2047 Nor'n Pac 4s ‘97 - Nor'n Pac ¢%s 2047, Nor'n Pac 68 2047.... Nor Sts P 1st bs ‘41 2 N N N N N N N N N Ohio Pub Ser 1%s Ont Pw Niag bs 43 Ore RR& N 48 4 Ore WRR&N 4s l'l PacG & k bs 42 Pac R R Mo 1st 45°38 Pac Tel 1st 5s'37 .. Pac T & T ref bs '52.. Par B way b%s 51 rar Bw Par-Pub b%s 50 ctfs I'nr 'bx blas b0 niea Park-Lx 63853 ctfs Pathe Exch 78 37.. penn Lixie C 6s ¢1... Penn O & D 4%s 17.. Penn R R3‘&l'37 A' . benn B db s1e 16, Penn R R 4%8 81 D. Penn R R 438 '84.... 1027% Penn R R gn 4%8°66. 106% + 106% . 106% oo 111% . 104% ®°'81.. 103% High. Low. l 55 Reading R 4% 105% 1 9& ‘e 695, 107 10 10474 104% 594 lulln 101% 100% 33 1074 6814 s 4R 1024 8% 106'4 106'5 100t 5% 80 101% 2% 19% 1031 3% 1041, 102% um- 103 34 10435 102% 110% 924 102% 102% 10214 102% 106% 106% 10614 106'% 106% 106% 111% 1111 104% 104% 108 108 | W Sh st 482361 gtd | West'n Un coi tr s 33 D. C, Low 2:58 ma-. HM% 11% 1lu 8% 3% 9% T9% 110% 110% 109% 109% 80% 81k 10715 10714 B3% 534 334 33w 23% 23% 102% 102% 108 108 105% 105% 113 113 112% 112% 50t 50'% B5% Peo G Lt&Crf Peoria & E inc 45 '90. Pere Marq 1st 48 ':l 103‘1 by Phila Co 68 "67 Phila E1Co 48'71. %817 PCC&StL 63’70 A PCC&StL 68’76 B o 42% ... lo‘lk 107% 107% PubSEI &G ¢%s 109'% 109% 109% Pure O11 5%8'37..... 101% 101% 101% Pure Ofl 6%s *40.,... 100% 100 100% Purity Bak 5s'48, 86% 861 86% Reading Jer C 4s“61.. 98% 98% 98% ‘97 A. 1074 106% 106% Rem-Rd 6%8'47TAww 100% 100'4 100's Rep I&St] 63°40..... 1044 104% 104% Rep [&Stl 6%8 53 A. 96% 961 965 Revere Cop & B 6s°48 1084 108 1084 Richfield O 6s '44 ctfs RG W 1stex in ¢s ‘39 RochG& Efs'62E StJo Ry L T&P 8s'37 St L IM&S R&G 4333 StLRM& P 58'55... StL-SF4s'60A..... Bt L-8 F 4860 A ctfs. StL-SF4l%s'18. . . Bt L-S F 434578 cf st St L-S F 63’50 B cf! St LS W 1st Ter 58'52 St L SW gen rf Gs ‘90, StPKCSL4 StPM&MM ex St P MAM ext bs 43. St P U Dep ref 63 '72. San A&A Pass 43 '43. San An PbS6s'63A. Scioto V&N E 43 ' Seabd A Lref 4559, Seabd A L 65 45 A Sharon S H 6% '48,. Shell Pipe L bs '62. Shell Un O1] 5347 .. Sine Con O 6%8°'38 B. SineConO7s'37A.. Skelly O11 6%8°39. .. SoBell T& T 63 41.. So Colo Pow 68 47 A. So Pac col 4s So Pac re So Pac 418 & So Pac 4%s 64 SoPac4%4s 81.... So Pac Ore 415m'17 So Pac§ ¥ Ter 4» 50. Sol(y ren 56 e Ry M&O4s'38... Southw Rell T bs 54. Stand OII N Y 4% 9'51 107% 107% 107% 99% 9974 ‘Tenn EIPwr 63 47 A. Term As St L 48 '63.. Texarkana 648 ‘50 Tex Corpcv bs 44 Tex & Pac 58 79 C. mediums. | 1.00; TUESDAY, MARCH 26, 1935. BONDS ON NEW YORK STOCK EXCHANGE EGG QUOTATIONS STEADY TO FIRM Nearby Ungraded Receipts Advance Half a Cent. Arrivals Smaller. Egg quotations were steady to firm on the Washington produce market today. Nearby ungraded offerings ad- vanced half a cent as receipts were not heavy and easily absorbed. The summary, With egg, live poultry, fruit and vegetable prices furnished by the Department of Agriculture, follows: m——One-w\md prints (92 T opound prints (00 score). 1-pound prints (59 score),’ 3 VE Jight, £ .00mx vy, e, s 5: phss. o A0a8.00; Liitm:00: Tambs. 470088 00 Market steady to firm. Receipts not Uneayy and Jeasily “absorbed. ~ Nearby Unkraded esgs 'y cent higher ' Current Teceipts. 1K'zal6; hennery whites. 16'2 a0; Government ded nd dllrd white esgs U8 extra 2 LIVE POULTRY——Market very stead Fowl, colored. all siz 1ial%: roosters. Plymoutn, Rocks. P 1580, Fruits and Vesetables. Sales in large lots by original receivers up to K am. toda. ASPLES - One Washington broken and one unbroken ca Busiels: Supplies liberal: de: market Virginia 1 8 slips. mum, i cinch higher: “3-inch higher:” Yellow ol No t7s-inch minimum inch minimum. ‘1508163, | ington, mediu; se, tizes | extra ney. a1 n ns _and Deiicious. 1.5 BAGE-—One Ploids arrived: one brok"'v and one unbroken cars on track. li>s very light; demand I‘Od-rfi(- nurl stronger hel hamoers Wakefield, Baltim ek recelpts 115 obust domestic round type. falr qui “CELERY—One Florida arrived: two un- broken cars on track Bupplies moderate demand moderate: market steady. Florid 2% o Two Arizona arrived: four ma | stayme CAB] dozen, Tex & Pacfs ‘80 D. .. Tex & P MPT 633564 Third Av ref 4s 60 Third A ad inex 5 Tol & Oh zen bs 35 Tol St L & W 4850 Truax T C 6les 43 .. Trumbul! Stl 40 &0 UnE L& PBbs 67 Un O Cal bs 45 re ww UnOCalfs 42 A Un Pac It rt 48 2008 Un *'ac 4s 6% Un Pac 448 67 Unit Biscuit 6s 42, Unit Drug 6863 .. U S Rubber b8 47 Utah L& T 55 44 Utah P& L 65 44 Util P& L 63 59 ww. Ul P& L6%s ¢7... Va EI&Pevbls 42 . Va EI&P 6%s '¢4. VaRy 1st6s 624... 111% 112 111% Wabarh 63 '76 B. Wabash 1st 68 ‘39 Warner Bros cv 6s 39 Warner Sug 1st 7s 41 Warren Bro: 6s 41 W PaP4s'6l H.. W PaPistbs 46 A. . Wesi'n El den bs 44 Westn Ma st 4s bz Vestn MdSis 77 West nNY&P gn 45°43 WestnUn4lgs G0 West'n Un 6s h1 Westn Unos 6U. Wes'n Un6,836 . Wh & L E con 4s 49. Wheel Sti 438 63 . W S) Sticon 78 35 et W Sp St 1st 78 '35 ct. Wilks B&E 1st bs '42. Willmar S F 68 40. .. Wilson&Co 1st 68 41. WisCS & D ter 4836 81 100% 106 w4y 81y 104% 109% s Youngtn S&T 68’70 B 93 Youngtn S&T 6878 A 1043 1094 4% 2% 9B Y2% Belga Takes Dive In Heavy Selling On London Mart By the Associated Press. LONDON, March 26.—Heavy specu- | lative selling today depressed the Bel- | gian belga to a quotation of 24 to the pound, from which it recovered slight- ly to close at 23.25 as compared to yesterday's close of 21.35. The decline was caused mainly by fears that the new Belgian government would de- valuate the nation’s currency. The United States dollar lost 7 cent | to the pound, closing at 4.783; to the pound as compared with yesterday's close of 4.777%. The opening was at 4.78%. The Prench franc closed at 72.68' to the pound as compared to yester- day’s final quotation of 72.50. PARIS, March 26 (#)—Three per cent rentes, 76 francs 80 centimes; 42 | per cent rentes, 88.05. | The | Exchenge on London, 72.57!2. dollar was quoted at 15.17. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) . Ofter s-Chalmers Co. 5s 1937, 101 :}L’er ‘Beet Suear s 1940 Am. Tel. & 281 Aantic Refining, 35 1 Bethlehem Steel 55 1636 Clh!nrnllNPl:kln 55 o cm I v 1o D‘e"fi’w‘m & Hudlan 58 1635 Den. J R! S Grear ot 6 1: m'm e Tlinois C!nll’ll Intl Tel Lake We Bk aiey Co A m 1038 Louisville & Nash. 55 1 M\chlnnkcém{-:lda!lllm;s entr New, York R NN Riter R, R. 5 Senre RRCo L) Paru-nd Gen, El. 5¢ I 0 R sieel 35 1940 !s;lnnrmrrméons Oil 7s 19: Vanadinm € c | lower. CAR L troken and | e sto mand moderate: ern crates Iceb nia. 4.7585.00: ‘1‘( unbroken cars on track ck' Suppliss moderate: de- market stzonger. t7pe. 5 dosen: Caltfor- n 0 ordinary conditio 3.50a3 00: _Arizona. 4 508500° few high 8s 5.50. Southern’ stock: Supplies lignt demend mocerate: market steady. 1'2-burhel ners Big Boston type. | fair eardition 581 50 riot_arrivals: s light: demand light Michiean. New York and Yellows. U.'S. No. : one broken track. Western cemand moderats no_cars PEAS—No carlot arri and ‘wo_unbroten cars or Moct: Supplles Jisht 1cer for good stock ieht Criifornin. *bhans] nampers Tel~ph on 130 fair condition. 4 00, Saqteern jtock: Practically no supplies on the mar- Potato Prices Steads. o P;\T@T;)r:s’ on-d}‘z‘md-b 7 i\ © broken snd °4 unbroken Ol stock: Supnlles 1§em "4 nd Wnites. s sacks Round Writes, U 8" No. 1, ol fair condition. A5; Ml‘ne 100- pnunus lu Green Mountains. U. 8. No. 1. 1.00a1 Tdaho. 100-pound sacks Russet Boroanks. S 1,200 New siock: Suplies Foderste: acsana Nematiock TNty atronser " CFlomde Bligs Triumohs U. 8. No. 1. 2 ac < @ lisht. “Busnel ba e ;;"m 1255, Vircivia, Norfoik Section, market ] grates R o carlot arrivals: n eers oo track Bunnites veer vt e Tent" market creads. " Ploride. hoia- Crates ‘per pint. exnress rece:pts. truck ~receipts, 17a1R: poorer | S\‘ EET POTATOES—No carlot arrivals. Do cars on track. Suoplies moderate de- { mand market steady. North Caro- el ‘backets Puerio Ricars and Helis. 1.00a1.15." Maryland, Anne | Couinty hampers ' Jersey S. No ); Tennessee. biuchel . alx licht acl market ripes wide best. ‘studv Florida. lug . _@reen. and turning. wrapped. truck receipts. Tenge in condition. 6x6_and larger. all_sizes. 20082 B0 dretent . Cuba. 10-pound bas- fl 1.00a1 25, 0 No carlot broken and two_ unbroken c: Supplies light stronger. ASPAR. ne S on rack demand moderate: market California, crates. 25 express Teseipts Neht flup s Siant: Sac: - nd_light: st J' Calitornia. bunche en. Glmlfl 500 snum Carolina. pyramid crates, dozen bunches. green. medinm to large size, 5.00a5.50: small_size, 4 00 MIXED VEGETABLES—No carlot arriv- als; one unbroken caron trac NS—Practically no supplies | on the matket. i3 GREEN nuns—Na carlot arrivals: one unbroken car on track. Supplies mod- erate: demand moderate: morket steady 3 buspel nampers. green fat type. 1.75a fair condition. 1.50. Peppers Are Steady. PEPPERS—Supplies mods moderate; market steady. bushel crates. green. fancy, CUCUMBERS—Supplies i and slow; market stea Ciba. Buchel' cnm fair H OR Gemand “light: ate: demand Floglda 13- uality 2 508100 RA—Supplies market steads. Cuba. KALHupnlm moder: dem. r-c:ak:r‘:;e: market steady. Virsinta SQ A!H—Bunnlifl very light: moderate; market steady. hampers. Crooknecks. RHUBARB—S; moderate mand moderate: market steady. gan. 5-pound cartons. fancy. 80; Florida. bushel and yellow Mlch Dpoorer e Callfornia arrived: two oken and one unbroken track: California. Western lettuce crates. 3.5 BeETs '3 crates. HANOVER SALAD.Viretnia," bltkfit!Dc'\(llfll) RESS—Virginia, bushel baskets, (AINE—Florida. 1'2-bushel NTPS—No carlot arrivals: one bro- ken car on track. Georgia. crates. 1.008 200 AvOCADOS__One arrived; one broken car on lifornia, Boxes. 1.:5a2.00; dew ' higher; C overrine. low_as 1. ORANGme Florida arrived: five nd 11 unbroken cars on_‘track Texas. bushel 50a60. RO A ham- et California ack. Ci varl s Californi; 23,75, size. L s to grade GRAPEFRUIT—No carlot_arrivals: broken Florida. size: one nd one unbroken cars on track. oxes. 2.00a2.50. as to grade and few soecial marks ' higher. California. boxes. No. 1. o Rico, crates. 3.50 mostly 35084 0 stly 24.00. as to siz NEYDEWS—Chi] :unsdlrd crates, hile. 0 sk gl 5AF on track. Florida Crates, BANANAS —Two cars arrived; one bro- ken and one unbroken cars on track. L. C. L. Express Arrivals. South cnolim. 4‘ crnu asparagus. 24 bushel ba Crates avocados: - 21 plant, 54 bushel backets 5" ietiuce. 15 buche askets parsley 36 bushel baskets peppers. 54 crates squash. 67 bushel hampers green J0-pound ‘crates tomatoes: Penn- EYIVERa” 19675 pound paskets mushroom; Michigan. 54 ‘55-pound cartons rhul N 3G bushel baskets saled Virginia, ‘five barrels watercress. unknown origin, 14 crates mixed vese- abies. FOREIGN ‘EXCHANGES. NEW YORK, March 26 Wanaer Brox NEW YORK sudm NEW )JRK. March 26 (# —Raw Suga was flrm‘?nli (0::5 .ln'llé'\lflel o.p:;;e‘ No acor eances of ‘Doints and held 1 to 2 Ve Qs he balance of the forenoon I the No. 3 delivery sold R, 18 e market was 1 10,3 polnta higher net at midday. Refin lnd while list D:lu R all loc-l T 5%‘5{’fiuv'u’nu '20 points Tieht. txthln[! easy. Grtn Britain in dollars. other: Great Britain, demand, i y bills, 4.77 Syeieng 4,08, Deni witger ey Ifl. Gre calves. | FINANCIAL., Kelly-Springfield Will Move General Offices to Factory By the Assoclated Press. CUMBERLAND, Md., March 26— The general offices of the Kelly- Avfl-fllfl!ld Tire Co. will be moved from New York to the company's plant here to help “cut down ex- All the office departments, now housed in the Chrysler Building, will be installed in the office building at the local plant within the next two weeks, excepting the export office. This department even may be trans- ferred here later. Just how many new workers will be brought here is not known. Included in the transfer will be the accounting, sales antl advertising forces. Some of the routine work done by clerks, secre- taries and stenographers will be absorbed by the local force. Parts of the office building are now being remodeled to accommodate the added workers. Floor coverings, desks, files and other forms of equipment are being put in. ‘The plant here is the main one of the company. It cost several million dollars and employs several thousand persons, WHOLESALE INDEX DECLINES SHARPLY Fertilizer Association Finds Slump From 77.5 Per Cent to 76.8. ‘There was a sharp drop in the gen- eral level of wholesale commodity prices in the week ended March 23, according to the index of the National Fertilizer Association. This index de- | clined to 76.8 per cent of the 1926-1928 average, compared with 77.5 in the land 71.2 & year ago. week was at the lowest level reached | this vear. | The decline in the index last week | and only one advancing. The largest | decline occurred in the grains, feeds and live stock group, the result of lower quotations for live stock, corn and oats. Wheat and feedstuff prices were higher during the week. The textile group again declined | following the sharp break during the preceding week. The food group was slightly lower | during the latest week, mainly due to lower egg prices. 1%3-bushel crates, | and bushel | demand | (.—Foreign | Although steel, tin and silver prices | declined, the metals group index re- ! mained unchanged, as the result of an advance in lead prices. | The only component group which showed a rise last week was fertilizer ’mltermls which rose to 653 ffom 652 in the preceding week, due to cottonseed meal prices rising $1 per ton. | Thirty-two commodities declined last week and 15 advanced; in the preceding week there were 37 declines | and 16 advances: in the second pre- !ceding week there were 31 declines and 22 advances. * HAHN EARNINGS GAIN; .| VOTE ON PLAN ARRANGED By the Assoclated Press. NEW YORK, March 26.—Hahn De- ‘pnnment Stores, Inc., which co-ordi- nates operation of a wldesprend group of long-established department stores, reported 127,331, i of $24,745. At a special meeting of stockholders to be held following the annual meet- ing May 6 in New York, a plan of re-| capitalization will be presented by di- rectors for action. In general it provides for Mttle- ment in full of dividends accrued to | June 30, 1935, elimination of the pres- | duction in preferred stock dividend re- quirements, basing of sinking fund ob- | ligations for preferred stock retire- ment on the company’s ability to re- | tire such stock, and return of voting | | control of the company to common stock holders. e DIVIDENDS ANNOUNCED NEW YORK. March 26_—Dividends de- ¢lared brevared by the Standard Statis- tics Corp.): Stk. of Pay- Rate. fiod. Tecord. aoie. Extra. | Nat 8teel Corp. ..1212¢ | Special. | Gray Tel Pay state .50¢ i Reduced. | Cotumbia Mine. $1 | Regular. 4-30 ® Adams-Mills do 1st pf st { American Coai 'Co ‘of Allernrgl County.. S1 2 r El o0 won pf. T Amtri:lr SQI:HHU & | Tr Co (Wash.. | Bakelite Corp pf A - Champion Internatl.$ 50 D . Devonian_Oil Co. Electric Householt Tel Pay Station.50c .. {00 0POD 0O’ ®» O D ord reg. ... I B BT AR RALE BT North Am Ed pf i North Am lente Afi n e PRI .50 1.6212 filanfllrd Tvhoiesaic Phos Acld Wks Twin bise ‘Clite United ‘Gls Foblic” S ! NEW YORK BANK STOCKS NEW YORK. March 26 (P.—New. York Security Dealers’ Association: (Opening quotations.) PO BAI Mlnhallln 11‘:) Chase (1401 Satianal City 1) nkers (3) =:00k] m_Trust (4) . iral Hanover (6) Irving (1 Moy nacturérs (LD New vork Trust iile Guaranty & Trus Lawyers County .... ool enas o U. S. TREASURY POSITION. By the Assoclated Press. The nosition of the Treasury on March g3 s, Recelp i exoendi- tures. S5 ni: 3 95 _customs receipts 859 uzon, balance, for expenditures fi 'lm:ludldn‘{ 5"’ 566,400, "5; cimergency | cxpenditures): excess of o e '_vf‘ 75.847.416; Rold assets. for March Joas tcom- zunmm receipts 10,466 recelots for the fgeal ndflurfl 4. 464 863 of ey exc 0.564. 020. ol A 2;‘41 nl fures. 7.658.804.5 preceding week, 783 a month ago | The index last | was general, with six groups declining | net profit in 1934 of $1.-| compared with a net in 1933 | | Receipts for the fiscal year (since July | R812.379.51" »¥8 A-17 SILVER REACHES SIXTY-GENT MARK New Rise Laid to Gold Sale, Lack of Supply and In- flation Talk. BY RADER WINGET. Associated Press Pinancial Writer. NEW YORK, Marca 26 —8ixty-cent silver, just a rosy dream for seven years, became an actuality yesterday and opened a new vista of economic and political possibilities from the Shanghai Bund around the world through Wall Street and the City of London. In Wall Street, where the specula- tive silver market was killed by the silver nationalization act, traders at- tributed yesterday's rise of 1 cent to 60 cents an ounce to a combination of what they termed “technical factors.” A further rise to 61'¢ cents was re- corded today. Reduced to simple terms, the tech- nical factors became the sale of $1,000,000 in United States gold to Mexico in exchange for silver, the absence from world markets of a float- ing supply of the white metal, and the current wide discussion of inflation possibilities in America. Further Sales Foreseen. A little further in the future the traders place such possibilities as further sales of gold for silver to other nations, the possibility that the $2,000,000,000 stabilization fund might buy silver, and the talk of a gold- silver standard for the two Americas. Not since late 1928 has silver been 50 high as now, and it is within strik- ing distance of the 64!2-cent price paid by the Treasury for all newly- mined domestic metal. Silver's trouble goes back to 1873. when Germany adopted the gold standard and led other nations into | gradually placing a lessened value on the white metal. Up to about 1885, the price averaged $1.12 an ounce, but by 1900 the average slipped to 78 cents, and from there it went to a | 56-cent average until the start of the World War, From 1914 to 1921 the averaga price was 84 cents, and on November 25, 1918, an all-time high of $1.37'; cents an ounce was reached. But the drop was abrupt to December 29, 1932, when an ounce of silver brought 24!, cents an ounce. World Supply Absorbed. The recent decision of the United States Government to make mone- tary stocks eventually consist of 25 per cent silver and 75 per cent gold | inaugurated a purchase program that has absorbed practically the world floating supply. Silver was squeezed from China. She placed an embargo on it. Then bootlegging started. | Silver interests in Congress arec demanding the Treasury fulfill it orders to buy silver, and Wall Stre quarters are wondering where it will come from—China, India, London, the ancient mines of the Aztecs. Buying silver with gold stands out as a leading possibility, traders de- | clare, since a reduction in gold stock- will reduce the amount of silver needed to reach the 25-75 ratio. AMERICAN RADIATOR NET TOTALS $1,455,22/ By the Associated Press. NEW YORK, March 26.—The Amer- ican Radiator & Standard Sanitary Corporation, with subsidiary and af- filiated companies reported & mnet profit in 1934 of $1,455,227, after all charges, against a net deficit in 1933 | of $881,575. The profit was the first in three years. | CHICAGO LIVE STOCK. h 26 7 (U. 8. Dept s. " 12.000. ' includin: ket active and steady to piondas:” 200-300" pounds, o). —H 00 direct glower than 9 & 00 lights. most Sood "and " choce. . K.10a80: light weight. 16 R40a8.00. medium weight pounds. & flfil 50-35( pounds. 8 & m!dlum lr\d ®00d. d 0 3 cal 00 calve: 2. | market \"y slow: fe !'.nl'erfl'tl steers and long vearlings About sieady on shipper account. but not enough done on others to make a market: undertone weak: early top steer: 40:"no_strictly choice offerings here. very catchy and unexen trade on wll she stock: better, srade yearlings and butcher heifers and fovsg Steady: others slow: bule’ -u-ay lo: ‘ealers unevenly to 50 Sluinnter | catile < aad - veslers. §ieers; good and choice, 550-300 fi a13.2, 900-1,100 fll -1.300" poun | 1508:1.500 pounds, m:m.h 1 and medium, 550- 10.50: heifers. good lnd <l Jounds, 9.25a11.75: 5.2520.50: mon and ' mediu | and cutter. 3.00; cluded). amen e, 550-750 common nfl medium. lood 6.7529.00; com- 4.00087 5: low’ cutter bulls <yn;nnn"u- iu Sa5 £ 0080 00 mediun, A5 00: cull and common. 4.00a6.00. , Stocker and feeder catile: Steers. good and cholce 500-1.050, pounds, .50n common and medium, 5. Sheep. 14, (lml lambs opening fairlv ac- tive: early cales about steady. quality con- sidered: bulk. 800 downward: asging 8.5 and better for best offerings feeding lambs little ehange |llm;\ 00" Staughter sheep and, lambs: mbs. 00 pounds down: go6d ‘and common and _medium, B0-08 Doy n 0: ghts Gt 50" mam' hmbs | 50-75 pounds, good and choice, 6.2 Official _estimated receipts tomorrow | Cattle, 8,000: hogs, 12.000; sheep, 15,000. MONTREAL SILVER. MONTREAL, March 26 (P _Silver, fu- tures ovened strons &5 Sob t Sciober. 633 5. We have funds a Trust Loans on ®ea amounts at o terest Reaso Prompt attention BRADLEY, BEALL & HOWARD Fhone Na. 0271 Southern Bldg. Established Over 35 Years RELIEVE yourself of the details of man- agement of your apart- ment house or residen- Jal properties by usingf the service of our ex-g/ perienced Property Mane' agement Department. B. F. SAUL CO. 925 15th St. Nat'l 2100 Mortgage Loans