Evening Star Newspaper, August 26, 1935, Page 15

FINANCIAL.' U. 5. BONDS MOVE TOLOWER LEVELS Losses Almost as Large as Friday, Despite Some De- cline in Voiume. BOND AVERAGES 10 10 Util, For'n. —5 675 68.0 68.7 64.8 704 65.5 70.0 20 10 Rails. Indus, —1 +.1 99.1 99.0 988 88.6 99.1 92.2 92.9 Net change. Today, close. 82.5 Prev. day.. 826 Month ago_. 818 84.1 878 76.4 894 745 974 978 97.0 84.4 98.6 845 88.9 737 682 60.2 458 400 64.6 422 high___101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Close .... 109.2 Prev. day. 109.3 Month ago 110.4 Year ago. 107.0 1935 high 110.7 1935 low__ 1079 1934 nigh 108.3 1934 low. 99.1 1928 high 1044 1932low.. 86.8 (Compiled by the Associated Press.) 1935 1935 1934 1934 ) 1932 1928 By the Associated Press. NEW YORK. August 26.—Lacking sufficient support to continue Satur- day’s recovery, the United States Gov- ernment section of the bond market worked to lower levels today. Although volume was below that of Friday's downward movement, the losses were almost as large, several | of the Treasuries closing around half | a point down. Some of the guaran- teed issues showed similar heaviness. Weakness in utility bonds was a pull against improvement in the cor- porate division, although there were a fair number of gains in the indus- | trial groups. Rails were narrow. DIVIDEND IS ORDERED ON R. C. A. PREFERRED | Bpecial Dispatch to The NEW YORK., August 16.—The reg- | alar quarterly dividend on the “A” preferred stock of the Radio Corpo- ration of America for the third quar- ter of 1935 has been declared by the | directors. The dividend is 1% per cent for the quarter, amounting to 87': cents a share, to holders of record at the close of | business on the fourth day of Sep- tember, 1935, It applies to all outstanding shares of “A" preferred stock, including shares of “A" preferred represented by outstanding unexchanged certificates of original preferred stock—10 of suci ‘unexchanged shares being equal to one | share of “A" preferred. ASSOCIATED OUTPUT SCORES BIG ADVANCE Bpecial Dispatch to The Star. NEW YORK, August 26.—For the week ended August 17, the net electric output of the Associated Gas & Elec- | tric System amounted to 57,553,919 units (k.-w. h.), which is an increase ©of 8.3 per cent over the same week a year ago. This is the largest percentage in. ereass since April, 1934, a period of more than 15 months. Of the 24 operating properties, 22 reported in- creases over last year's figures. It is noteworthy that these in-| ereases were explained not only by in- | dustrial activity but by greater resi- ' dentfal and commercial use as well. INSURANCE STOCKS NEW YORK. August 26 (. —New York Recurity Deelers’ Associatio cas (31 Fire ( Life (fi0) ral (i) Actna 5 = Conn Gen Life (X0} d & 2) Firemen's !n~ Frank_Fire ( Glen Falls (1 it Globe & Rut ___ Great Amer (5Z Halifax (90) ___ Hanover (1.60)" Hartford Pire ( Home Fire Sec. Home Ins (2.158) omestead (1) Springfield (4'2) Sun_ Life Declared or paid so far this year. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. Offer. Allis-Chalmers Co. s 1000 101% ‘Amer._ Beel Sugar b Am. Tel. & Tel. 535 fuantc Refining 35 thiehem Steel 55 1 California Packing bs 1940_ Canadian Nor. Ry. 7s 194( Ches. & Ohio Ry. 5s 19 i. Gas Lt. & Coke 5s 1* Northwest. 6135 18 Delaware Hudson 5lis 1937 1930 CHICAGO LIVE STOCK. CHICAGO. Ausust 26, P, (United States Department "of Agriculture) —Hog: G0B™ heiiding, 4800 direct: unevenly & t ! than Friday's average: spot 1y top. 11.40: some held pounds mostly 11,00a35: 11:25; medium 0 251 Bulk 2.000: very dull 3 loads strictly good and ehn!ce nteeu lold on early round: thess about steady. but hardly a criterion of which promises to be 35 lower all through list: garly top fed steers 12.50: some he'd higher: shipper and local demand narro & Sheers of values to sell at 1150 down ised to show most downturn. Bid- or_more lower on ail she -tock fed heifers. Vealers 25a 50 own. epting lawer at 10.00 e fat lambs slow and un- ver: sheep, best b “yet_nothine Gohe on rangers; ewes. 2.5023.50. native METAI. MARKET. NEW YORK. August 26 (®.—Copper quiet: ehctmmic. spot and future, 8. .‘5:9 st 0. T parely steads: o Dear u’lure. 48.1 R‘?“fl) l‘({ By private wire direct to The Star. Approximate 'hnn-fllnl- Today. $6,670,000 1,110,000 5,130,000 LIBERTY. High, Low. Close. 4th 43s1933-38 101 101 101 4th 414 s 33-38 rg. 10031 10029 10029 TREASURY. . 1001 9916 9916 10213 102 102 1024 - 10314 1035 1035 1033 10219 10219 10719 1053 1074 1077 1065 10914 11018 3% s 194 3%s 1940-43 June 107 18 1074 3% 1941-43 Mar 10720 1077 33,8 1943-47 10612 1065 3% 1946-56 10915 10914 | 48 1944-54_ . 11026 11018 | 4% 8-3% 8 1943-45 10520 10511 10511 | 4% s1947-52__.. 11520 11514 11514 FEDERAL FARM MORTGAGE. . 9920 9916 9920 100 28 10016 100 16 - 10013100 1001 HOME OWNERS’ LOAN. 288193949 9917 995 933 331952 10011 9930 9930 FOREIGN BONDS. High, 29'% 95% Abitibi Pa&Pw bs ‘53 ‘Akershus 5563 Antioquia 1st 78 °57. ‘Antioquia 78 ‘45 A. Antioquia Ts 45 B.. Antioquia 7s '45 C. Antwerp 5s ‘58 Argentine 5%4s°62_. Argentine 6: A Argentine 6s '60 Sept Argentine 65 ‘60 Oct Argentine 6561 Febr | Argentine 6s° | Australia 4% | Australia 5 | Australia s '57 Austrian 7s | Belgium 6855 Belgium 6% 49 | Belgium 78’5 Belgium 78 '56.. | Berlin 6s'58_ | Berlin Elec 6s - | Berlin E1 Ry 6%;8"56. ! Bolivia 78 'u : | Bolivia Bolivia 88 fl Brazil 648 Brazil 638’2 Brazil 8541 Bremen St Ta 35 Brisbane &8 | Brisbane 6s Budapest 6562 unmatcouon.... | Buenos A 65 '61 st Pv Buenos A C 612855 | Bulgaria 7%3s '68 | May coupon off _. " 95 941y 103 91 102 106 111% 1067 1t is payable October 1, 1935, | Canada 58 '52- Chile 65 '60 | Chile 65°61 Jan__ Chile 6s 61 Febr. Chile 65 '61 Sept.. | Chile 65 '63.. Chile 7s ‘42 Chile Mtg Bk 6361 | Chile Mtg Bk 6% Chile Mtg Bk 6% Chilean Mun L 78 Cologne 6%s '50 Copenhagen 65 '52 Cordoba 75 57 City Cordoba 7s ‘57 stpd | Cuba5%s 45 Cuba 5%s 53 | Caechoslovakia 85751 | Denmark 41 Denmark 5 Denmark 6s ‘42 Deu Bk 65 '35 ct stpd.. Elec Pw Ger 6%8°50. Estonia 9867 Finland 6%s " | French Gov 78’49 | Ger C Bk A65'60 July Ger C Bk A 68 '60 Oct | Ger Gen El 654 Ger Gen El 6145 40 | Ger Gen El 7545 | Ger Gov 534865 | Ger Prov & City Bk con Ag 6%8 '58.. Ger Rep 7849 | Grt Br & Ir 56%s°37 GrtCElJap 78’44 Greek Gov 63 '68.. Haitd 68 52 Harp Min 65’49 ww_ Hung Con M 75’46 uriiat coupon on tiseder Steel 6s 48 Italy is 51 1tal Crd P W 7847 B ftal P U Crd 7852 Japan 5iss 63 | Japan 6%s 54 iKreu&Toll 5'59A cfs Lombard E 7852 - Merid Elec 75 '57 A Mex 48 '10-45asst sm Milan 632852 Monrevideo 6s ‘69 . | Montevideo 7s '52 New So Wales 63 '57. New So Wales 55 ‘58 Nor Ger Lid 65'47new Norway 538 65. | Norway 68 '43 Norway 6s ‘62 Norw Hy El § Oriental Dev 643 '58 Oslo G & E 5563 1 Oslo 6555 Pernam 7s "47 Sept coupon oft . Peru 65 '60 . 44 364 40 101% 101 49 102 105% 101% Poland 65 '40..... Poland 7547 106% Queensland 7s 41 107 Rio Gr do Sul 6s 68 June coupon off . . Rome 6%s '52 Rumania 78°'69 Aug coupon off ___ Santa F Arg 7s '42 Sao Paulo St 7s "4 Sao Paulo St 8850 July coupon off .. Saxon Pb W 6%s Saxon Pb W 7 Saxon St Mtg 7s 45 Serbs 73 '62 unm ¢ on Serbs 8s '62 unm e on Shin'su El P 6%s 52 Sydney 6%8 ‘55 Styria 78'46 Tokio 5%s "61 Tokio El Lt 63°63 Trondhjem 538 ‘57 . Tyrol Hy El T3%s 56 Ujigawa E P 7845 Un Stl Wk 6%8°47 A. Un Stl Wk 6%5°'51 A UnStl Wk 6%s’51C. 33% Un Sul Wk Brb 78'51. 141% 14 l% Uruguay 6s ‘60 39 38% Venetian MG B 7s'52 61% 61% Warsaw 78’58 _. .. 70% T70% DOMESTIC BONDS. Abr & Straus § 43 102% 102% 102% 98% 987% 98 12% 45 30% 6312 T6% 15% 36% 227 41% 25% Alleg Corp 68 '50 . Alleg Corp 68’60 stp.. Alleg Corp 58 '49 Am Intl b%s Am Roll Mill 4% 1115 111% 102 102 109 109 109% 109% 12 112 112% 112% Am Type F'd 6s'40 cfs Am Wat Wke 82744 24% 24% 24% 9 103% 103% 103% 108 954 | 1028 | 100% 100% THE EVENING High. Low. Close. S Fo 4s'05-'66.. 106 106 106 Fead 45’95 st 103% 103% 103% 5 1085 10815 108% Bang&Aroos cv 4s°51 Beech Crk 45 '36 gtd . Bell T of Pa 48 B Beth Stl p m bs Beth Stl rf db 2 Bos & Me 4%s'617J. Bos& Me5s'55 . Bot Con M 61534 ct BklynCy R R vs ‘41 Bklyn Edis 58’49 A Bklyn Edis 58 ‘52 E. Bklyn M T 5349 A Bklyn M T 6368 A. Bush Term cn bs ‘55 Canada Sou 55”62 A . Can'dian Nt R4% 851 Can'dian Nt R4%8'56 Can'dian Nt R4%8'57 Can'dian Nt R4%s'55 Can'dign Nt6s'69July % | Can'dian Nt 5s'69 Oct Can'dian Nr db 75 ‘40 Can'dian Pc 4% Can'dian Po 418 '60 { Can'dian Pe dbisperp Can‘dian Pe 68 ‘54 . Cent Dis Tel 58 '43 Cent of Ga bs ‘59 Cent 111 E & G 5s ‘51 | Cent of N J gen 68 '87 Cent Pac 1st rf 4849 | Cent Pac 65 '60 | Cert'd deb 6148 ‘48 Chesap C cv cl 65 "44. Chesap Corp 58 "47.. C&04%s'93 A C&O4%s'95B C & O con 5539 C& O Cralg V bs 40 . Chi & Alt ref 3s " |9 z ChiB&Qgen ChiB& Q4% 104% 109 10 9614 101% 4| Chi B&Q ref 58’71 Chi B&Q1div4s'4) Chi & E Il 58 51 Chi & Erle 1 ChiGL&CH | Chi Grt W 4569 | Chi I & L gen 5s'66 e \:&su'xn z'u 8B tP 5875 _ tP&P ad) 68 2000 C&NW Nr W 6%s'36 | Chi R I1&P gn 45 ‘88 | Chi R 1&P rf 4s°34. Chi R 1&P rf 45’34 cf Chi T H&S inc 55 '60. + | Chi Un Sta 4863 Chi Un Sta 43562 A Chi Un Sta 5363 3| Childs & Co 5843 Chtle Cop deb 5s 47 CCC&SIL C div 4s'39 | CCC&StL gen 4593 o | CCC&StL rf 4138'717E | CCC&StL rf 68’63 D. CinGasEl 4s 68 A __ ?| Cin Un Ter 58 2020 B Clev&Pitts 4158 | Clev Un Ter 4338 Clev Un Ter 5s'73 B Clev Un Ter 5338724 ColRP& L 518 42, Colo Fuel & Ir 55°43. Colo Ind ci tr bs 34 Col & So 414580 Columbia G & E deb 58°'52 April__. Columbla G & E 68 °52 May Columbia G&E 5s'61. Com Inv T 6%8°49 | Con Coal Md rf 58 | Con Coal Md 5s'50 cfs ConGas N Y 4%s'51 Con Gas N Y 68 '57 ConG N Ydb5%e45 Consumers Pw 5s 52 | Container deb 6s ‘43 Crown Zell 6540 ww Cuba R R 6538 Cuba R Rref %536 Cuba Nor RR 5%8 42 Det Edison rf 58 '49 Del & Hud ref 4s "43_ | Del & Hud 5%s'37 | DelP & L 41560 | Den & R G cn 4836 564 | 173 935 111 36% 361 108 1045 106 105% 94 111% —“Den&RGC‘msGE = Det Edison 4%s'61 D {Det Rlv Tun 4%s'61_ | DulSS&At6s'37. nucn-smrn_ Erie & Jersey ‘.‘,’FedL(&TPG | FlaECRy b8 Gen Cable 5% 5 '47- Gen Thea £q 68 '40__. Gen Th Eq 6840 cfs_ Goodrich 6%s 47 Goody'r T&R 6s 57 Gt N Rgen+4 GtNRgen4%s'77TE Gt N Rgen §s GtNRG%s'52B.__. GtNRgenT7s'36 A 3| Green Bay 65 '62 B Gulf Sta St1 5%s 42 Har Ry-P C 18t 4554 Houston O1l 6%s '40. Hudson Coal 5562 __ Hud Co G 1st 5849 Hud & Man inc 1 Hud & Man ref, 111 Bell Tel 68 Iniand Stl 4%s ‘81 B Int R T Lstrf bs ‘. 1R T 1st ref & Int RT6s'33 _ IntRT17s 32 int RT 78’32 ctfs Int Cement s 48 Int Gt Nor 63 52 A int Gt Nor adj Int Hydro E} Int T & T bs 66 Inv Eq5s’48 Bw lowa C 1sté&rf 4s'51-. Kan C Sou 1st 3s Io, Kings County Blapw pur mon 65°97 __ Keith 6546 4 Kendall 534848 ww_ King: c;mnu Elev 4849 Lautaro Nitr 6s 54 Leh C&N 4%s8 54 A Long Isl ref 48 '49 . Lorrillard 7 La & Ark 65 6! L&Nunif4s 40 ___ L& N 415s 2003 G 101% 101% 1018 L&NG6s20038_ .. 105% 105 1054 MOPRO4S Thocecaa. 8% 8% 8% 941 | ./ SORyM&O4s'38 4| Un Pac 1st rf 5s 2008 v,m‘” STAR, WASHINGTON, BONDS ON NEW YORK STOCK EXCHANGE High, Low. Close. | 101 100% 100% 67 66! 6214 52 87 McKess & R 6% Manhat R 48 '90 Manhat R 4590 ctf: Manhat R 2d 45 2013 _ Market St Ry 78'40 A Mich Cent 4%8°79._. Marion St Sh 6s'47_ Met Ed 1st rf 4%s ‘68 Midvale S&O 68 “36._ 1 MStP&SSM 6838 gt MStP&SSM 6%s ".A MoK&T4% ‘ll MoK & T 68’62 A Mo K & T adj 53¢’ Mo Pac bs ‘65 A Mo Pac 53’77 F Mo Pac §s'78 G Mo Pac 5s '80 H. Mo Pac 55811 Mo Pac 5%s 49 A__. Mob & Ohio 55 '38. 62 Mont Cent Mont Pwr ref s Mor & Esx 3%s 2000, Morris & Co 4%s'39. Mor & Esx 4%s ‘556 | Mutray Body 6%s '42 Nat Dalry 6%s " NatDisPC 4 Nat Steel 4565 New J P&L 4 "60._. New Or PS6s'62 A.. New OrPS6s'56B.. New Or Ter 1st 45'53 N YCent33s'97 ___ N Y Cent con 4598 __ N Y Cent rf 4%s 2013 INYCrf44s2013n. N Y Cent ref bs 2013 N YCentecv6s'4s NYC Mich C3%s'98_ NYC&StL 15t 45 °37__ NYC&StL 4%s'78 NYC&StLb%s NYC&StL 1st N Y Dock bs 38 _ N Y & Green L 55 °46. NY L&EW 18t 4s "ll NY NH & H 48§ NYNH&H l\fil 0B NW NH&H el tr 6s'40 NYNH& Hevés 48 N Y O&W gen 4s 55 Niag Sh 5%s'50 Norf So 1st ref 556 Norf&W 1st 4s'96 __ North Am Co 68 '61__ North Am Ed 58'57 A. North Am Ed North Am Ed 6% Nor’'n Ohio 1st 58 43 NornOT & L 68"47_ 10915 Nor'n Pac gen 352047 73 7215 | 3 ez | | Nor'n Pac &8 2047 C__ | Nor'n Pac bs 2047 D_. Nor'n Pac 65 2047 Nor'n St P 1st5s" llA Ohio Pub Ser 7148 °46 Ohio River 1st 5s '36._ Ore RR & N 4546 . Ore Sh L 5s'46 gtd Ore WRR&N Otis Steel 6341 | PacG & Ebs'e2 Pac Tel 1st 5837 { Pac T&T ref bs '52 Penn RR 44881 D Penn R R 4%s '8¢ Penn RR con 4¥ 60 Penn R R gn 41865 Penn R R db 438 70 Penn R R 4%s 63 Penn R R 6864 ___ Peun R R gen 58 68 Penn R R 6%35°36 Penn P& L 434 " Peoria & E inc 48 '90_ Pere Margq 1st 4s ‘56 1074 112 5 101t 107 101 107 1183% 103 994 106 1051y | 106y 114 1024 104‘1\ .w 99u. | 1131y 100 | 10615 | Phila Co bs | Phila El Co T Phila& RC&1 | Philippine Ry 4 | PCC&StL ¢ . PCC&SLL 5870 A___. PCC&StL 6876 B___. Port Gen El 4% '60_ | Postal Tel & C 58 '3 PubSEI&G 4s'T1._ PubS El1& G 4%83 67 Pure Of1 6%s "40 Purity Bak 5348 .. O, ‘Wabash 1st 58 '39. Wabash 2d 68’39 Wabash 6%s'75 Wabash 5% '75 ¢ Wabash Des M 4s '39 Walworth 6845 A Warner Bros cv 6s '39 Warner-Quin s Warren Br cv WA 1nt on 46 A W PaP1st5s'56 G _ W Sh 1st 4s 2361 gtd. West'n Md 5%s '17 WestnNY&P 1st5s'37 Won‘n Pac5s'46 A v'n Pac 6846 A t'n Un 4148 ‘50 w West'n Un 6% 3| Wh & L E con 4s 49 Wheel Steel 4%s'53_ White S M 65 '36 xw_ W Sp Stl con 7s ‘36 ct Wilson&Co 1st 6341 WisClstgnds‘49__. Youngtn S&T 68’70 B Youngtn S&T 58’78 A 101% 101% 101% 96 96 13% 107% 10% 98 98% 13% 107 10% 981y 981y MACHINE SHOW AROUSES INTEREST Tool Display at Cleveland September 11 Will Be First Since 1929. Special Dispatch to The Star. NEW YORK, August 26.—The great- | est machine shop in the world—the 1935 machine tool show—will open in the Cleveland Municipal Auditorium on September 11. It will be the largest | industrial exposition ever held in the United States. More than five acres of exhibit space will be required to display the modern machine tools and accessories. And it is estimated that 5,000 kilo- 8e watts of electrical energy—enough to supply a city the size of Butler, Pa., or Zanesville, Ohio, or Fort Smith, Ark—will be required tc pull the hourly load, running. More important than size is the fact that this year's show will be the first since the beginning of the depression in 1929. From that you might think the industry is backward and has no fight in it. But a little consideration of the problem suggests that when the depression hits the tool - industry it | “stays hit.” The industry usually stays down until industry is ready to turn upward again. 71 hard times the potential business simply is not there, and it wuold be fatuous to try to drum it up. Experience has shown that products and machine needs change before business revives sufficiently from de- pression to create a broad new ma- chine tool demand. The fact that it was decided sev- | eral weeks ago to hold a show this year is, therefore, conclusive evidence that its sponsor—the National Ma- chine Tool Builders’ Association—be- lieves the turn has come in heavy in- | dustry. There is no doubt that it has come in machine tools, for the July index of orders stood at 119.8 per cent (1922-24 equals 100 per cent), the | highest since 1929. The increase was | 28.7 per cent over June, which, in - 24 per cent over May. In- | credible as it may seem, the depres- | sion low for this index was 15, (Copyright. 1935.) Standard Bra;ds Reduces Dividen To 20-Cent Mark | | Troster, reached a new peak of §1,-| By the Associated Press. 51. Rem-R 6% 847 A ww Rep 1&Stl1 5% s 53 A Revere Cop&E 63 '48 | Richfield O 6s ‘44 cfs. Roch G& E _ Roch G&E 512848 __ StJo Ry L T&P 5% 37 St L IM&S R&G ¢5'33 StL-S F 4550 A StL F4%s18 cf & St L-S F 55 ‘50 Befs St L SW 1st ter 65’52 StPM&MM ex 4s'37 St P M&M ext bs '43. San A&A Pass 43’43 Seabd A Liref 45°59_. Seabd A L 6345 A_ Seabd A L 6s 45 cfs_. Seabd A-F1 6s'35A ct. Sharon S H 6%s '48. Shell Pipe L Bl 52 11*.‘ 60 104 Silesian Am 7 41 So Pac col 4s " So Pac ref 43 5 | So Pac 4% | So Pac 433 '69.. So Pac 4%s'81 So Pac Ore 4%s 77 So Ry gen 45 '56 A | So Ry 5394 | So Ry gen 6356 So Ry G%s'56 So Ry St Ddlv 4s'51_ Southw Bell T bs ‘54 | Stand O1I N Y 4148’ Bl | Studebaker.cv Swift& Co 3% Tenn Cent 6s ‘47 Tenn E] Pw 65 47T A | Term As St L 48’63 _ | Texarkana 5%s'50__ | Tex Corpcv bs 44 ... | Tex & Pac b C Tex & Pac 6s 30 Tex&Pac 1st bs 2000 Third Av ref 4s ‘60 Third A ad In ex 58’60 Trumbull Stl 6s°40.. UnOCalés 42 A. Un Pac 1st 45 47 Un Pac 45 ‘68 ___ | Un Pac 1st rf 4s 2008 | Un Pac 434867 | Unit Biscuit 58°50 .. 1 Unit Drug 58 '63 . . Unit NJ RR 48 44_. U S Rubber bs 47 Univ Pipe & R 6s Utab L&ET6s'44 A _ Ut P& L 6369 ww._ Ut P& L6%s 47 Vanadium cv 5541 Va E&P 1st rf 65’55 A Va Ry 1st 63 '62 A. Va S W con 5858 Wabash 4%8'78 ... Wabash 6s ‘76 B CLEARING HOUSE ISSUES REPOR TAT NEW YORK By the Associated Press. NEW YORK, August 26.—The weekly statement of the New York ' Clearing House shows: Total surplus and undivided profits, $731,624,400 (unchanged). Total net demand de- posits (average), $57,578,000 (in- Time deposits (average), $1,446,000 (decrease). Clearings week ending today, $2,947,311,019. Clear- ings week ending August 17, $3,365,. !68.63!‘ Vadsco Sales Corp.—Deficit, six months ended June 30, was $32,801 vs. deficit l"l.lll. NEW YORK. August 26.—Standard Emnds Inc., today declared a quar- lerly dividend of 20 cents on the capi- | tal stock. payable Octcber 1 to stock of record September 5. In previous | quarters the company paid 25 cents a ! re, Waslnngton Exchange SALES. W:shlngmn Gas 55 1960—$1,000 at 182, Washington Rwy. & Elec. 45—$1,000 at 105, $1,000 at 1053, $1,000 at 105%. | Capital Transit Co.—10 at 16%, 10 at 163, 10 at 16%, 5 at 16%, 10 at 165, 10 at 16 A at 1613, 10 at 16'% Potomac Electric 5%2% pfd.—10 at| 11354, AFTER CALL. « | Capital Transit Co—10 at 161, 10 at | - 1672, Washington Gas 5s 1960—$1,000 at 118%, $1,000 at 118%. Capital Traction 55—8$1,000 at 98%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel, & Tel 4'zs Wash. Rwy. & Elec. HISCILLANIOU! Barber & Ross, Inc., s’u_ - X"n Amer. Tel. & « &na Transii Co. N & (8! flk of Bezheadl HL Capital (4) Com. & Sa Carpel Corp. (1.60) Camaton_ Monotype )2 llerl‘enthllel' Linotype D!ndl. “Ex d lend. ;"bl: cmh extra. _———— - WHOLESALERS ARE BUSY. NEW YORK, August 26 (#).—Local wholesale markets experienced con- siderable activity last week, with price advancs on 8 number of apparel and home furnishing lines forcing buyers to expand their budgets. with all the machines o 10 at 163, 10 at 163, 10| MONDAY, AUGUST 26, 1935. ' SILVER CANCELS WEEK'S ADVANCE Slides Back Another Fourth of Cent to 6534 as Lon- don Price Sags. By the Associated Press. NEW YORK, /ugust 26—Foreign bar silver slid back another % of a cent today, cancelling all of last week's gain. At 65% cents an ounce, the world price of the metal was down to the low of its decline of a fortnight ago. This price, which prevailed from August 13 to 22, was the lowest since early April. ‘The decline here today followed a sag in London. Chicago Grain By the Assocliated Press. CHICAGO, August 26.—A- decline of more than a cent took place in the wheat market today after an opening show of strength. The market was unsettled by con- flicting views as to congressional de- velopments involving a proposal for a mandatory 90 cents a bushel loan on wheat. Weekly statistics indicated the world situation was less bullish with shipments the largest in some time and stocks of wheat on ocean passage increased. At the close wheat was 'ia7, cent lower, compared with Saturday's fin- ish; December, 90%a90%;, and corn was % off to '3 up; December, 56'2a 56%. Oats lost %;a%, rye was 34 lower to 3% higher, barley unchanged to % off and lard was 12-30 points down. Close. Sept. Inpc | se Chicago Cash Market. Cash wheat—No. 4, red, 8915: 2, hard, 1.04'2; No. 2, red tough 90%,; No. 4, mixed. 84-90%. Corn —No. 2, yellow, 81':; lake billing, | 80%2; No. 3, white, 80. Oats—No. 4. white tough, 26; no rye; no buck- wheat; soybeans, No. 2, yellow, 62 net track country stations; No. 2, yellow, new, 56; barley ncininal feed. | 34-45; malting, 42-63; timothy seed, per cwt., 2.75; clover seed, per cwt., 10.25-16.00. Liverool in Prie LIVERPOOL. ~August futures closed steady. High. Low. Close Rty o Ron A R0 [80% October __ December _ arch 81 Exchange, 4.97. = K R34 B0t NEW YORK BANK STOCKS| |SHOW SMALL DECLINE Special Dispatch to The Star. NEW YORK, August 26.—New York City bank stocks, after setting new high levels for the year, eased off | slightly during the last week. The aggregate market value of 16 leading issues on August 19, according to records compiled by Hoit. Rose & | 723.874.000 The 16 issues eased off slightly at the close of the week, however, the | aggregate value being $1,682,442,000, compared with $1.682,796.000 at the close of the previous week, a decline | for the week of $353,875, or .02 per cent. gregate value, the current average yield of the 16 issues of 4.09 per cent is the same as on Augu.st 16. CRUDE OIL PRICES. Ausust o6 P Ba Midcontinent ar gravity scal TULSA. Okl crude of] prices: res. Okla- ravity scale 10 homa-Arkansas North and Central Texa g , Louisians.Texas, ravity scales to Weet'“rexss (Permian Hasim). 70 cents gnd 75 cents Sat; Texas Panhandle. grav- ity_scales to 81 cents o Rocky Mountain area, Sait (fi!lk ‘Wyo. sravity scale to $1.00, ey yFengyivania srade | (Bragtord-Alleghuny). ‘S1 sa i Bonthwest Pennsylvaria lines. same grade in Eureka lines. $1.62 grade in Buckeye lines. S ‘Corning. Look to “Safety” .« . for your Savings! S who invests what he saves. It is the first consideration which attracts careful men and women to the Building and Loan field. % Paid on Savings —Compounded Semi-Annually from the date of payment to the date of withdrawal ® No restrictions are imposed on the amount you may deposit or withdraw . . and you'll always find at “The Fidelity” a friendly -mm of helpful- The Fidelity Building & Loan Association MAIN OFFICE, 610 13th §t. N.W. | York close of 4.97% | & No. Because of the slight change in ag- | AFETY is the paramount| requirement of the man| FINANCIAL, DECLINE FORECAST AT STEEL PLANTS | Institute Expects Rate to *¥% A—I15 Massachusetts Investors Trust Prospectus on Request | William W. Mackall, Jr. investment Securities 218 Woodward Bidg _ District 8431, Drop 0.9 of Point to 47.9 Per Cent. By the Associated Press. NEW YORK, August 26.—The American Iron and Steel Institute estimated today that operations in the steel industry this week would de- cline 0.9 of 1 point to 47.9 per cent of capacity. | Last week operations were placed at 48.8 per cent. A month ago the rate was 44 per cent and a year ago 19.1 per cent. This marks the first break in the rising production trend since the firsy week in July, when the industry oper- ated at an average of 32.8 per cent of capacity. Since that time the industry recorded seven consecutive weekly gains. Week-end steel trade reviews spoke of increased demands for steel prod- | ucts, which led to the opinion in trade | quarters that the present setback was temporary. MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5157 Interest FIRST DEED OF TRUST ONLY GEORGEI. BORGER Successor to the business of JAMES F. SHE 643 Ind. Ave. N.W. ENTERPRISE BUILDING ASSOCIATION 7th St. and Ind. Ave. N.W. LOANS Made on Improved District of Columbia Real Estate Security Monthly payments as low as $7.50 per $1,000 LOANS FIRST MORTGAGE MONEY On D. C. and Nearby Maryland Real Estate DOLLAR TENDS DOWN IN LONDON DEALINGS By the Assaciated Press. LONDON, August 26.—The foreign exchange market favored the British pound slightly today. Offerings of United States dolllrs{ for silver purchases were partly offset | by & trade demand as the dollar closed | officially at 4.97 13/16 to the pound, as compared with the Saturday New} The French franc closed at 75.18 to the pound, as compared to Saturday’s | close of 75.10, PARIS, August 26 ().—Three per cent rentes, 79 francs 50 centimes; 4’ per cent rentes, 89.20. Exchange on Lodon, dollar was quoted at 15.10. Prompt attention given to all applications ‘SHANNON & LU§HS| 1505 H St. 75.18. ‘I'he U.S. TBEASUBY POSITION By the Associated Press. The position of the Treasury_on Augu 2 4.15 e ures: excess of ex N29.649 51, Gross debt. $24. - a decrease of $6,144 - 'hr’.nr!\mu! day. Gold Trust Loans For Purchasing a Home or RE-FINANCING* EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged en Easy Monthly Payments MEMBER. BUILOWG & ASSOCIATION COUNCIL o7 O. Receints” for ‘the R0B 82 expenditure cluding. $439.003.263 penditires: "excess of expendity 13702 K1 “gross” deb 3483 Goid ‘assets, FOREIGN MARKETS. By the Associated Press. LONDON —The _int: caused dullness and ‘some Tesimng S o Stock Exchange loday, T under whleh” giit. ed securities eased. Gold mining and shares also weakened. while tran Alantic issues improved after early activity. Copper shares and oversea ra. held steady. The market closeé dull 'ARIS —Rentes remained steady on the Boutse - today "bat (i remainder of the market. particularly Suez shares. sagged under ‘Ethiopian and Wall Street pessi- mism_ The closing was heavv BERLIN —With business dull. prices on the Buerse declined today and closed at thetr Towest Jevelef the session, outlook ol FOREIGN EXCHANGES. NEW YORK. August 26 (P —Porelgn exchange irregular. Grea: - lars. others in cents. sipscsipions reat Britain, demand. 497 o5 B Jemand “‘n Mortgage Money For CONSTRUCTION LOANS AND LOANS ON IM. PROVED RESIDEN- TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5%7% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 To o Honkone. 45 50 a0 Montreal h New Yorr ork in Montreal. 100.18 MONEY MARKET. NEW YORK. August 26 (P .—Call money y Dei ‘Cent all day, Fime lonns eady: ad-H davs. "4 offered: 4A Mo offered: prime commercial paper. cent_ Bankers' acceptances un- ed: 30 days. ta'a: 60-90 »: 4 months, lea % paRgdizcount rate. per cent. ew York Reserve YBEIGRT LOADINGS NEW YORK. August 26 (P —Revenue troteht, camtoasings 98, rallroads reporting ay for week ended Augus! Week nevmus u NEW YORK BAR SILVER. New York, August 26 (#).—Bar sil- ver barely steady, !, lower at 653. | First MorTGacE Loans District of Colum Nearby Maryland and Virginia 5% Terms from 3 to ¥5 years RANDALL H. HAGNER & COMPANY INCORPORATED MORTOAGE LOAN CORRESPONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Equitable Co-Operative Bldg. Assnf ASSETS $6,492,976.24 ORGANIZED 1879 55th YEAR COMPLETED Subscriptions for the 109th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? Tflos!: desiring money to purchase & home, refinance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Yecrs to Repay Your Loan 915 F St. N.W. Nat. 1741