Evening Star Newspaper, August 28, 1935, Page 15

FIN CORPORATE BONDS CLIMB UNEVENLY Many Net Losses Remain at Close—U. S. Issyes Stage Upturn. BOND AVERAGES 1010 10 s. Gtil, For'n. 2 1 98.6 ] 67.0 98.8 67.1 98.8 68.5 88.3 64.4 99.1 0.4 922 65.5 92,9 70.0 73.7 68.2 60.2 400 646 422 high___101.1 98.9102.9 100.5 10 Low-Yield Bonds. Close --.- 1089 Prev.day. 109.2 Month ago 110.3 Year ago. 106.9 1935 high 110.7 1935 low_. 107.9 1934 high 1083 1934low_. 99.1 1928 high 1044 1932low.. 868 (Compiled by the Associated Press.) 96.9 97.1 97.3 84.5 98.6 845 88.9 Today’s close Prev. day-- Month ago- Year ago... By the Associated Press. NEW YORK. August 28.—Following | early heaviness, bonds of the cor- porate division experienced irregular rallying tendencies in the late trad-| ing. but the close still showed a con- siderable number of net losses. United States Governments dis- closed favorable action in comparison with yesterday's erratic course. For the entire session they remained | above yesterday's finals and finished | around the best levels, 1/32 of a point lower to 10/32 higher. ' Special activity in bonds of In- terborough Rapid Transit resulted in sharp gains. Moderate improvement | featured some loans of Southern Pa- | cific, Southern Railway, Loew's &nd Columbia Gas. | Final prices were down in bonds o(] Atlantic Coast Line, Delaware & Hud- son, Nickel Plate, Santa Fe. Liggett & Myers, United States Rubber and Western Union. . | Brisbane 58 '57.. ANCI1AL. THE EVENING STAR, WASHINGTON, D. High. Low. Close. C, WE BONDS ON NEW YORK STOCK EXCHANGE By private wire direct to The Star. Approximate Transactions Today. U. 8. Gov't BondS.aeeee l2 940,000 Foreign Bond: 670,000 Domo‘-’t‘la Bonds ccaeen 6.“0.000 LIBERTY. High. Low. Close. 4th 445 1933-38 10027 10026 10027 TREASURY. 2%81956-60.... 9919 9914 991€ 35194648 cceee. 102 10129 10131 35 1951-55 - —amwwe. 1022 10129 1022 3145 1946-49 .. 103 10227 103 3145 1949-52__. 10221 10217 10219 3%s 1941 ______ 10717 10718 10717 3145 1944-46 ___ 10431 10424 10424 3%s 1940-43 June 1072 10631 107 3% s 1941-43 Mar 1072 1072 1072 335 1943-47 1061 10530 1061 338 1946- 10910 1096 10910 48 1944-54 . 11012 1108 11012 4%s-3% s 1943-45 1069 105 6 1056 4% 5 1947-52 1158 1154 1168 FEDERAL FARM MOHEG:OG‘EO. - 991 == = 10026 10021 10028 ~227. 10014 10010 10012 . 10124 10121 10124 Abitibl Pa&Pw b3 '63 ‘Akershus &s '63 Alpine Mont S T *55- Antloquia 7s ‘45 B Antwerp 58 - Argentine b%s 63 95% T | Argentine 65’57 A__. Argentine 6s'58 B .. Argentine 6s'59 June Argentine 6s ‘59 Oct Argentine 6s '60 Sept Argentine 6s 60 Oct | Argentine 6s'61 Febr Argentine 6561 May Australla 434556 Australla bs ‘55 Australia 68 '57 Austrian 7s '57_ | Batavia Petr 4%-'42 BavariaS 6 Belgium 6 Belgium 6% '49___. Belgium 78 66 - e, Belglum 78 ‘56 Berlin 6s 58 Berlin Elec 6s Berlin Elec 6%s ‘51, Bolivia 7s '58 Bolivia 7s '69 Bolivia 8s'47 Brazil 618 '26-'57. Brazil 6%s "27-'57 Brazil 78 ‘62 m—— Bremen St 78 '35 -cae. 19% 32% 9313 Brisbane 65 ‘50 100 Budapest 6s ‘62 34% 34% DIVI[;ENDS ANNOUNCED NEW YORK. August 28 —Dividends de- | clared (prepared by the Standard Statis- tics Corp. | 58% 58% 14 102 103% Buenos A 6s Bulgaria 7%s '68 May coupon off.. Canada 4s ‘60 Canada 4138 36 Canada 6s°52 Chile 6s ‘60 Chile 6561 Jan 14 10313 | Chile 65 ‘61 Sep| Hoskins Mfe Fecific Finance Corp_ Neptune Meter Nt bt Wheeling Sti Corp pf Ohio Fin 8% PtPL W& cx-u Ry Do Chile 6s 63 Chile 7s ‘42 Chile Mtg Bk 6%, Chilean Mun L. Cologne 6%s ‘50 | Colombtia 6s ‘61 Jan Colombia 6s 61 Oct Copenhagen 4%s '53. Copenhagen 5s ‘62 Cordoba 7s 42 Pr Cordoba 7s '37 City... Costa Rica 7s 51 A May coupon on Costa Rica 78’51 Nov Cuba 534s 45 | Cuba 633’53 | Cund'amarca 6 9 Czechoslovakia 51 Denmark 434862 ... Denmark 5% "65... | Denmark 6s '42 Deu Bk 6s '35 ct stpd. Dominic 15t 6145 ‘42 Dominic 2d 5% | Elec Pw Ger 63850 NEW YORK BANK STOCKS NEW YORK. August 28 (#.—New York Becurity Dealers” Association: (Quotations as of 2 o'clock.) Bid. Asked. Bk of Man 41"J 2bte 27 Elec Pw Ger 638 '53. Estonia is '67 Fiat deb 7s 46 Finland 6s "45 _ Finland 6%s ‘56 _ | Frameric In 7%;s '42 Frankfort 635s ‘52 French Gov 7s '49 | Frencn Gov 7 | GerCBk A 6s IMl i irst Natl_(100) Guaranty Tr (12) ‘ Trving T1 (60) Manufscturers . Natl ity (1) 19 | 37% | o 107 875 1028 | a—Including extras | ¥—Declared of paid 5o far this year & ited St Ty FEDERAL LAND BANKS | YORK, August 28 (P.—Pederal | NEW ) Land Bank bonds BALTIMORE STOCKS Bpecial Dispatcn to The Star. BALTIMORE. August 28.— High. Low. Close. m= 19% | U. S TREASURY NOTES. (Reported by Chas. D Btmu & Cn) ple-—Maturity, 100 18, 100 1-32 SHORT-TERM SECURITIES. (Reported by Chas. D. Blrnu & Co) Allis-Chalmers Co. 5s 1937_ Amer, Beev Sugar 65 104 Am. Tel. & Tel. 535 194 Atlartic Refining_5s 1 Bethlehem Steel 5s 19; California _Packing 5s 1940 Canadian_Nc 7 Ches. & & Northwest. 655 1930 1 vare Hudson 525 1037 r 41 RS FRAE 0. Bore 6l Co: Siis S Tron & Sieel 5; 1930 5 (5 NY. 105% BOYS’ WEAR IN DEMAND. NEW YORK, August 28 (#).—Sub- #tanial orders are now being placed for boys' school wear merchandise, with indications that the season will be one of the best in some five years, producers reveal, ~ A | Lombard £178 62 Ger C Bk A 65 '60 Oct Ger CBk A 78’50 Ger Gen El 6348 ____ | Ger Gen El 78’45 Ger Gov5i,s'6s __. | .Ger Prov & City Bk con Ag 614858 Ger Rep 7849 Good HS & 17845 .. GrtBr& Ir6%s'37 . Grt C El Jap 6%s ‘50 GrtCElJap 7s 44 Greek Gov 6s ‘68 Haiti 6s ‘52 Helsingfors 6%s *60- ltaly 78°51. Japan 6%s €5 Japan 6%s 54 Kreu&Toll bs’ Leipzig 78’4’ 102% 52% B85 97% 34% 31 41 100. 100 100 % 41% 41 Low Austria 7%s '50 unmat coupon on. Medellin 6%8 ‘54 Milan 6%s ‘52 Minas Gers 6%s ‘68 Sept coupon off .. Minas Gers 6%s ‘59 Sept coupon off_.. Montecatini 7s 37 Montevideo 65 New So Wales 62 '51 New So Wales Nor Ger L1d Norway s Norway b 101% 101% 101% 10135 104% 1043 1043 101% 101% 101% 9% 94 94 80% 804 804 101% 101% 101% 100% 100% 100% 54% 54% 51% 51% Oriental Dev 5%s ‘58 Oslo 6s 55 OsloG & E 5363 Panama 5s 63 Panama 65'63 stp asd Pernam 7s 47 Sept coupon oft ... Peru 6s°60 ... Peru 6s 'Gl - Poland 6s | Poland 7s 11 —— | Poland 8550 cceaaae | Prussia R, Prussia 648 '51-.c.. | Queensland 6s 47 | Rhein-Rhur 6s'51 Rhinelbe Un 7 Rhine W El P Rhine W E1 P Riode Jan 6% Aug coupon off __ Riode Jan 8s'46 April coupon off__ Rio Grdo Sul 7s May coupon off .. Rome 6%s ‘52 Royal Dutch 4845 13% 40% 17 111 | Rumanta 7s 5% Aug coupon off __ | Sao Paulo St 6s ‘68 July coupon ofl.—. Sao Paulo St 7s Saxon Pb W 63851 Saxon Pb W 7845 Serbs 78 '62 unm ¢ on Silesia Elec 6148 ‘46. Styria 7846 Sydney 5%s 55 Taiwan Elec 5%s 1. ‘Toho El Pw 78 65 ... Tokio 6%s ‘6 Tokio El Lt 3 Tyrol Hy Bl 7%s 56 Un Stl Wk 838 '47 A, Un S11 Wk Brb 7s'51. Upper Aust 7s 45 unmat couponon. 110 110 110 38 Uruguay 6s ‘64 Uruguay 8s 46 Warsaw 78 ‘68 Westphal El P 6s ‘52 Yokohama és 61 83% DOMESTIC BONDS. Adams Bxp 4s 48 98% Ala Grt Sou 4843 __. W Alb Per W P 6548 ... Alleg COrp 6844 manmm 'lo @ 98% 99 4“ k4 Am Beat Sug cv 68’40 Am & For Pw 63 2030 A T&S Fe gn = A T&S Fe 4%s ll Atl Coast L 1st 4s il At] Coast L elt AtICLun ¢%s'64 Atl Coast L clt 5545 Atlantic&D 1st 48’48 AtIG& W 168" Atl Refin deb 68 '37__ B&O PLE&W V 4s'41 B & O Swn 63 '50 Bang&Aroos cv 4s ‘51 Bang&Aroos 5s "43 _ Beech Crk 4s ‘36 gtd _ Bell T of Pa 5548 B Bos& Me 4%s'61J._ Bklyn Edis 58 ‘52 .. BkiynCy R R vs 41.. Bklyn M T bs Bklyn M T 6s Bklyn Un El 68 ‘50 _. Bklyn Un Gas 6s 50 Bklyn Un G 6s '67 B Buff R&P con 4%s ‘67 Bush Term cn bs ‘55 Bush T Bldg 5s Canada Sou 5s'62 A_. Can’dian Nt R4%#'61 Can’dian Nt R4%8'66 Can'dian Nt R4%8'57 Can’dian Nt5s'69July Can'dian Nt 63’69 Oct Can’dian Nt R 5s°'70_ Can‘dian Nr db 7s "40 Can’dlan Pc db4sperp Can'dian Pc 4348 46 Can'dlan Pe 4%s'60. Can'dian Pc 53 ‘64 Cent of Ga con 5s "45. Cent of Ga 68 59 C Cent of Ga rf 5138 '59 Cent I E&G 6 Cent Pac 1st rf 4849 Cent Pac bs ‘60 - Chesap Ccv cl 55 44 Chesap Corp 63 47__. C&Ogen4k%s'92... C&04%s'95 B C & O con §s 39 C&O R&A 2d 4s " | Ch1 & Altref 3s Ch1 B & Q gen 4= Chi B&Q 1 dv 33349 Chi & E 111 58 51 Chi & E 11 58 51 ctfs Chi & Erie 1st 58 '82 Chi Grt W ¢s 5! Chi 1 & L ref 6547 Chi Ind & So 48 °56_. CM&SIP 45 89 | CM&StPgn 4889 C CM&StP b8 '75 CMStP&P adj 5s 2000 Chi & NW gn 4s°'87 . Chi & NW 438 2037_. Chi& NW 4%5°49 __ Chi & NW gn 87— Chi & NW rf bs 2037 Chi R I&P rf 4534 Chi R I&P rf 45°34 cf. Chi R &P gn 4s'88 _ | CR I&P 4s 88 ctf: !CR I&P 4%s8°52 | Chi R I&P 4%s5 60 Chi T H&S 1st 55 '60 Chi T H&S inc bs "#0 Chi Union Sta 45 '44. Chi Un Sta 48°63 Chi Un Sta 58 '44. Chi & W 1 con 4s ‘52 Chi & W 1 5%s 62 C&W1 1st rf5%;562C Childs & Co 5843 _ Chile Cop deb 55 47 .. CCC&StL gen 4593 _. CCC&StL rf 4%s'17E CCC&StL rf 55 '63 D CCC&StLStL dv4s'90 Clev Un Ter 434877 Clev Un Ter 58 '73 B Clev Un Ter 6%58'72A Colo Fuel & Ir 5s 43 Colo Ind ci tr bs 34 Col & So 4%s 80 B Columbia G & K deb 5s°52 April Columbla G & E 58 '52 May Columbla G&E 6s 61 Col & H Val ext 4s'48 ColRP&L5%s'42 Com Inv T 5%8'49 Con Coal Md rf 68 ‘50 Con Coal Md 58’60 cfs Con Gas N Y 4%s'51 Con Gas Chi 53’36 __ Con G N Y db 5%#'46 Container deb 5543 Container §s " Crown Will P 6s ‘61 Cuba R Rref 7%s'38 Cuba Nor RR 5%s '43 Del & Hud ref 45°43_ Del & Hud 6%s ‘37 Des M&F'tD 4s'35ctfs Den G & £ 58518t Den & RG en 4836 Den & RGrf 68’78 _ Den&RGW 68’65 asst Det Edison ¢%s’61 D Dul SS & At 5537 Dugqu Lt 18t 4% Erie gen ¢8 Erie ref & Fla EC Ry 68°'7¢ Fla E C Ry 5374 cf: Gen Pub Bvei%l'!fl Gen Steel C 514849 Gen Thea Eq 65 '40. Goodrich 6s 45 Goodrich 6% '47 Goody'r T&R 68 57 Gotham Silk H 6336 Gr Tr'k of Can 68 ‘36 Gr Tr'k of Can 78 '40 GtNRref4%s’61 A Gt N Rgen4%8'76 D GtNRgen4%s'17TB GtNRgenbs'73C.. GtNRG6%s'62B .. GtN Rgen7s'36 A_. Gulf M & N 6s ‘50 Har Ry-P C 1st Houston Oil 6% Hudson Coal 58 62 Hud & Man inc s ‘57 Hud & Ma: t 68 57 111 Bell T 111 C 1st ext 3%s°51... 111 Cent col tr 45 '63... Il Cent 4%s ' I11 Cent 63%s 36 Iil Cent St L 3%s *51. ICC&StL NO ¢%s 63 ICC&St L NO 68 "63 . 111 Steel deb 438 '40.. Ind & Loulisy 5 Inland St} 4% Int RT 1st rf 68 Int R T 6s'32 Int R'T 65 '32 ctfs. Int RT 78 32 Int RT 7s'32 ctfs Interlake 6s 51 .. Int Ag col bs '42 stp .. Int Cement 58 '43 Int Grt Nr 5 . Int Gt Nor 6s°'52 A Int Gt Nor adj 68'62A. Int Hydro El 6344 _ Int Papist6s 47T A . Int Pap ref 6s ‘56 Int Rysof CA 6s'41. Int T & T cv 4% . IntT&T4%s'83. . It T&T 68 50cccan. B Can'dian N db6%s'46 1 101% 101 101% 102% 102% 1024 0% 69% 69% 3% T3% 73% 111 1 99 99 110% 109% 110 1008 100% 100% 108% 108% 108% 109% 109% 109% 112% 112 112 111% 111% 111% 113 1123 112% 101% 100% 101 88% 87 87 24% 24% 24% 16 15% 15% 108% 103% 103% 91% 90% 90% 105 105 104 104 103% 103% 0 . 36% 364 364 -112 112 13 2% 71 T1% 611 61% 61% 107 106% 106% . 104% 104% 104% 103% 103% 108% 3 - 99 99 99 Kings f‘onnq Elev et 101% 101% 101% Laclede Gas 6839 ___ Laclede G 6%8 'l: Cc. LE& Wn 1st 5 33 103% 103% 103% Lautaro Nitr 6s ‘54 16% 16 16% Leh V Pacon 452003 39% 39 39% LV Pacon4%s 2003 43% 43% 43% Leh V RR con 852008 48% 481 484 Lex & E Ry 58l 114% 114% 114% Ligg & Myr 68'51.... 119 119 119 Loew's 6s "41 104 104 104 Long isl gen 45°38__. 106 106 106 Long [s] ref 4849 104% 104 104% Long Isl deb 58 '37_.. 108% 103% 103% Lorrillard 7s "44.. 129% 129% 129% La & Ark 63 69 T2% T1% T1% Lou & Jeff Bld 4s°'45. 105% 105% 105% L & N unif 4840 107% 107% 107% L &N 4%82003C.__. 101 101% 101% L&Nb5s2003 B. 106 105 106 L &N Atl K&C 106% 106% 106% L&ENP&Ms - 104% 104% 104% McKess & R 5%8 50 100% 100% 100% Manhat R 4890 70% 67% 70 €5 53% 9% 68% 96% 1074 98% 102% 9% 9874 Mich Cent 0%!‘1’ Midvale S&O b Mil E R&SLGs MStP&SSM cn ¢s 38 MoK & T 1st 45 '90 MoK&TS6s 62A __. Mo K & T adj 68 '67 Mo Pac 45 ‘76 Mo Pac 68 77 F | Mo Pac 6 '81 1 2| Mo Pac 6s ‘81 ctfs__.. 3% | Nat Steel 4865 i New ET&T 438" | Mo Pac6ls ‘49 A Monong Ry 1st 48 '60. | Mont Pwr ref 65°43_. 106% 106% | Mont Pwrbs'62A... 97w 97% | Mont Tram 6s '¢1___. 101% 1013 | Morris & Co 4%5°39_ 10415 1041 Mor & Esx 3145 2000 90% 90% Mor & Esx 41855 88 88 Murray Body 6%s ‘43 140 137 Nassau El4s°51 gtd. 61% 59% | Nat Dairy 6%s'4 1037 103% | | Nat Dis PC 448 5. 99% 103% 115 120% 102% 102% New E T&T 1st 6562 New J P&L 4% A NewOr PS6s'62 A . New Or PS 68’66 B New Or Ter 1st 4s'53 Cent rf 4%s2013 Crf434s2013n. Cent ref 55 2013 Cent cv 6s ‘44 NYC&StL 18t 4s°37 .. | NYC&StL 41878 | NYC&StL6%s'74 A | NYC&StL 1st 68 '35 Edis ref “)fil ‘41 G El HEP 48 49_ W ist 48’73 S Steam 5s '56 Tel gen 4%s ‘39 Trap Rock 6s'46 Y W&B4%s 46 Niag L.&O P 5s '55.. | Niag Sh 6%s '50 9315 109% 106% | 111% 111% 365 36% 107% 105 105% 93 104 102% 104 104% 104% 104% 45 45 45 50 49 49 81% 81 81 98% n'l*. 99% 106% 105% 106% 27% 27% 19% 20 T 107% 107"; 104 104% 93 93 104% 104% 104% 103% 103% 103% -~ 108% 108% 108% 101% 101% 101% |om 10!% 101% 61% 61% lfl‘ 81% 59 607 . | Norf So 1st ref 5361 . | Norf&w 1st 8 North Am Co 5861 _ North Am Ed §8°57 A Northi Am Ed 5569 C l\nl‘!h Am Ed 6%s ‘63 ‘n Pac gen 3s 2047 r'n Pac 48’97 __ r'n Pac 43%s 2047, Nor'n Pac 632047 D_. | Nor'n Pac 6s 2047 _ Nor'nOT& L 6847 Nor'n St P 1st6s'41A NornStPés'41B .. Ohio Pub Sve 78 '47._ Ore Sh L 56546 gtd _ Ore WRR & N 4861 Otis Steel 63 '41..... Penn Dixie C | PennRR 338 7 | Penn RR 4%s 81 D.. Penn R R 4%s ‘34 Penn RR con 4% 104 117% 106% 106% 9615 96% 105% 105% 105% - 107 106% 106% 102% 102% 102% Penn R R db 4%s ‘70, Penn R R 4%s’63. Penn RR 68" Penn R R6% Penn P& L 4%s '81_. Peo G L&C 5847 rg-. 106'4 106% 106! 3 116\6 116% 116% 6 6 6 814 81% 89% 89% 110% 110% 110% 991 Pere Mara 1s Phila B&EW 4% Phila Co b8 '67 Phillips Petr 6% s '39 Pillsbury FI1 M PCC&StL 4%s PCC&StL 4% PCC&StL 58 °70 Pitts&WVa Port A C&D 6s'563 A_ Port Gen El 4%s '60 Porto Rico AT Postal Tel & C PubS El1& G 43%s'67 T 8y 8¢ A Hnd R-K-O 68 °41_ Reading R 4%s'97 A Rem-R 5%8'47 A ww Rep 1&St]1 58 '40___ Revere Cop&B 6s "4 Richfleld Oil 65 ‘44 . Richfield O 68 "44 cfs RG W 1stex in 4s'39 RioG W col 4s'49 A Rutland Can 4s 49 Rutland RR 438 '41 St L IM&S R&G 45’13 StL-S F 48'50 A StL-SF 4s'50 A cfs. StL-SFa%s'8 St L-S F 4345'18 cf st StLSWenrf St LSW 1st t StPCtRC5s'37 gtd StPKCSL4k%s 41 StPM&MM ex 4s°37.. St P M&M ext 5843 . San A&A Pass 4s'43. San An Pb S 68’52 A Seabd A L 6s 45 Ai Seabd A L 6s ‘45 cfs.. Seabd A-F16s'35A ct. Sharon 8 H 6% Slerra &S F P 68 49_ 103% 103% 106% 106% 87 87 9% 97 11 111 1 59% 59% 59% 103 108 103 99% 79 96% 2% 2% 2% 85% 105 79 So PacS F Ter So Ry gen 43 56 A___ So Ry 6394 So Ry gen 68 '66.—eu So Ry 6%s'56 SoRyM&O 4s ‘28 So Ry St D div 4s Swift & Co 3%s '50... 1024 102 102 Tenn CAC 8844 B 100% 100% 100% | & 104% 104% 104% (€ B. & Q 1073% 107% | Nor Am Tr 6% 6% 5% 5% | Selected Am 5% 5% | B¢ 97% | Soiec] 114% ll“‘ 114% | Super 995 1. 2% % Southw Bell T 5354 110% 110% 110% export. High. Low. Close. 99! 99! ‘Third Av ref 6! Third A ed in ex 5#°60 ‘Toronto H&B 48 '46. Trumbull Stl 6s'40.... Un O Cal 67 24% 101% 101% 101% 102% 102% 102% 120% 120% 120% .. 110% 1‘1‘2\6 110% Ver SBug 1st 7s fl eu Va E&P 1st rf 55’56 A Va Ry 18t 68 ‘62 A Wabash 4%8'78__ Wabash6s‘76 B ____ Wabash Term 4s°54_. Walworth 6845 A Warner Bros cv 6s 9. 105% 105% 105% 111% 111% 111% 20% 19% 21% 60% 61% 6% 29% 35 51 W Sh 1st 45 2361 nd. 79% West'n Md 1st 48°63. 95% West'nNY&P gn 4s'¢2 108% Wul 'n Pac 68’46 Aas 31% Wheel Stl 5%s '48 Al 103% W Sp Stl con Wilkes B&E Wilson&Co 1. Wis C 1st gn Wis C S&D ter Youngtn S&T Youngtn S&T 975 LGN C. &N.W.REPORTS L0SS OF $462.67 98 9% % Operating Deficit in July Compares With $551,863 Net Year Ago. By the Associated Press. CHICAGO, August 28.—A net op- | erating loss of $465,887 for July was % | reported to the Interstate Commerce Commission today by the Chicago & Northwestern Railway Co. The loss compared with a $551,863 operating income for July, 1934. revenues of $6,521,975, against $6,987,- | rents, N. & W. Net Above 1934. ROANOKE, Va., August 28 (#).— A net income gain of more than $500,000 in July, as compared with the corresponding month last year, is revealed in a monthly financial statement issued by the Norfolk & * | Western Railway Co. The net income | Ca the June |N. & declined, however, from figure to the extent of $417,380, a de- crease caused by a heavy drop in | revenue freight. For the first seven months of this year the railway reported a net in- come of $11,568,812, a sum $184,245 period of 1934. | for the seven-month period total $42,- | 373,345, of which $39,914,723 is cred- ited to freight, $1,940,843 to passen- ger, mail and express, and the balance | to_incidental and joint facility and other transportation. Expenses, amounting to $26,052,623, ¢ | have increased $182,723. In July, operating revenues were | $5,904,087; expenses were $3,498,452 and net income was $1,756,390. Louisville & Nashville. NEW YORK, August 28 () — Louisville & Nashville Rallroad Co. reports for the month of July gross income of $5,711,067, compared with $5,431,882 in July, 1934. Net operating income for the month was $953,813 against $524,492 last year. For the first seven months of the year the railroad’s gross income amournited to $42,044,899 against $41,- 077,657 in the same period last year. Net operating income for the seven | months was $7,219,471, compared with $7,477,593 in 1934. Other railroads reporting net op- erating income for July, as compared with a year ago mclude 93! Chicago & zm m - snr Chlc;tnx Gt. Rock_1sland 34 126.4 Delaware & Hudson.. 2.680* 75,646° *Deflcit. Freight Loadings. Revenue freight carloadings on rail- roads reporting today for week ended August 24 included: Wk. New York Central Pennsylvania —_ Norfolk & Wes! Wabash _ | Burlington INVESTING COMPANIES NEW YORK. August 28 (#.—New York Security Dealers’ Association: (Closing quotations.) Bid. Admin Fund ww. Am Business Shri Basic_Industry Bullock Fund. . Asked. Incorp Investors Inv Tr Investors Fund of e e 530 D 0 o N TR EY- RE SR EE S A E R e R 23 - SSHAoEE WBSGa. K i 4 13323 1 & 15300 e i b et 11 14 NEW YORK, August 28 (. qulet lecirolyiic, 850t and mm.:?V nea !l925l37 lu&m 48, 2848, 16 o] 3 i SDAY, AUGUST 28, 1935. AGTIVITY DECLINES AT STEEL PLANTS First Drop Since Early in July Lowers Rate to 50 Per Cent. By the Assoclated Press. NEW YORK, August 28.—The first recession in steel production since in- auguration of the upward movement early in July has lowered operating schedules to an average of 50 per cent of capacity, a decline of one-half point from last week, Iron Age re- ported today. A decline in tin plate output and delays in automotive specifications were the major factors in the setback. “However,” it added, “irregularity in the flow of steel to the automobile makers is inevitable during a period of transition to new-model production and should soon be succeeded by a steadil rising volume of orders, to take care of the accelerating assembly schedules planned for October and November.” ‘The falling off in tin plate pro- duction, from 78 to 70 per cent, was described as in line with seasonal ex- ‘The report showed total opent.lng,c ¢ | 862 in operating expenses, taxes and | w; less than net income for the same | Operating revenues | N . | 1.360.000 pounds. CRUDE Son D1 =1 Besl | | I3SSA pectations. Washington Exchange SALES. Washington Gas 5s, 1958—$1,000 at 106%, $1,000 at 106, $1,000 at 10010, $2,000 at 106%, $5,000 at 1067, $4,000 at 1067, $500 at 106'. Riggs Bank com.—10 at 215. Firemen's Fire Insurance—2 at 30, Mergenthaler Linotype—31 at 27, AFTER CALL. Potomac Electric 5!;% pfd.—5 at 113. Washington Gas 6s B—$1,000 at 104, $1,000 at 104. Riggs Bank com.—8 at 21415, an Gas 5s, 1958—$1,000 at 106%. Potomac Electric Cons. 5s—8$4,000 at 103%. | Washington Gas 6s B—$200 at 103, $200 at 103, Bid and Asked Prices. BONDS. - PUBLIC UTILITY. Amer, Tel, & Tel. 4%, . Elec. 45 MIBCELLAN’EOUS Barber & Ross. In Firemen's Columbia (.30) __ Real Estate Carpel Corp. (1. Lgnston Monotype (4 Mergenthaler Linot | Beovles Drus & of s Somp, s 07 Wdwd. & Lothrop PORt 'I: divide: “n -t 125¢c cents extra. iFlat. COMMODITY PRICES NEW YORK. August 28 —The Associ- ated Press wholesale price index basic commodities od‘:y declined to Z ’u X averase equals 1000 Miscellaneous Markets, Additional New Jork markets. complled by l.h Assoc‘n!ed Pre: AR Futures No. 3 closed easy. 2-6 lower 00 ' tons. September, 0b: b March, Jul; PS_—Futures_clo: changed io 1 higher. Decem! February. 85.5b. CO! steady: Rio No. 7. 614 Sanion No_ 4 Bieshia Cost and Treiwht gfferings included Santos Bourbon 3s and nfis-« 00, Rio futures closed easy; lle 'mber. 4.56; December, 4.80; March. 49:16 99; May. 5.10. San: tol luturu irregular: sales. M 000. tem| .82: Dec: TRONT 81: M Cimber: " 7.660; March: _87n. BACCO—Futires ‘closed quiet. Bur- ley; Beptember. 2700b¢ January. 18. HIDES—Futures closed steady. 2-5 | hllhtr September, .50b: December, 10.81b: March. 11.14; June. 11.45n. Sales. R—ihl!ulru closed ste | RUBBEI 2-4 higher; sales. contracts. ' September. 11. S RAW 5'; higher: 1.70b; Dece anua: DNH market nuouuons (80-day ‘basis): filature. 78 per cent seri- 60: Canton double extra . Japanese special 81 per cent seriplane, | o 'n-Nominal. — TU. . TREASURY POSITION. By the Associated Press. aThe,position of the Treasury op o Was. Receipts. S11.314 354 !nendlllues slss 68.708.11° $1.5186. 2.35: customs .684.43. el "l} e nun Fear (since July expe 105,058,015 50, including 5508 541081 i nditures: excess of ex- 303.802.04: gross debt. .1 5253 a decrease of S$13.- 7 der the previous day; gold sfl‘lflb 955,641.80. b—Bid. CONSTRUCTION LOANS AND LOANS ON IM- PROVED RESIDEN- TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5Y2% B. F. SAUL CO. 925 15th St Natl. 2100 FINANCIA POWER INDEX SETS ANOTHER 1325 HIGH A. P. Average at 102.3. Edison Institute Shows Gain for Week. By tae Associcted Press. NEW YORK, Augus¢ 28.—The As- sociated Press adjusted weekly index of electric power production advanced | 0.1 of 1 percentage point last week to 102.3, another new high for 1935. The previous week the index stood at 102.2 and at this time last year it was 94.6. The index, based on 1929-30 as 100, is adjusted for seasonal and long term | trends. The range of recent years follows: 1935. - 1023 974 919 . 941 919 802 The Edison Electric Institute re- ported todgy that power production for the week ended August 24 was 1,839,- 815,000 kilowatt hours, an increase of 04 of 1 per cent from the previous week. Compared with the same week of | 1934, the increase was 11.6 per cent, the greatest year-to-year increase since the 119 per cent rise for the | week ended May 12, 1934, over the | similar week of 1933. For the weekw ended August 17, 1935, the increase over the same week of 1934 was 9.5 per cent. Percentage gains for the week ended August 24 over the same week of 1934 geographically were New England, 9.4; Middle Atlantic, 9.3; Central In- | dustrial, 127; West Central, 9.5; Southern States, 8.5; Rocky Mountain, 31 lnd Pldnc Cout 85 LOANS AT 5% —=on downtown centrally-located busi- mess property. Also apartment I.IIQ loans st 5 %., Reasonable commis- Tyler and Rutherford, Inc. 1520 “K” 8t. N.W Natl 0435 1934. 1933, Money Available At 5157 and 67 —for First Mortgage Loans on D. C. residence or small proper- ties. Building loans con- sidered. Charges reasonable. Wm. T. Ballard 1221 Eye St. NW. L. #%n A_15 MONEY MARKET. NEW YORK. August 28 /P —Call money steady: s per, cent day. Time loans. steady: 60-50 0 fays, ¥4 offered; 4-6 months, Ys offered commercial pape: per acceptances un . New York Reservi MASSACHUSETTS INVESTORS’ TRUST Prospectus Will de Sent on Reguest A. §. GovLpEN & Co., In Woodward Blds. Action on Applieation. Real Estate Mortgage and Guaranty Corporation 1610 K 81 N.W. Phone Nat. 1408 MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5157 Interest GEORGEI, BORGER MES F. u: lnd. Ave, h.w. FIRST MORTGAGE NOTES AVAILABLE Secured on Homes Safety and Yield Combined SHANNON & LUCHS 1505 H St N.W. NAtional 2345 Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Bldg DIstrict 8431 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 ~—OFFICES— SAUL BUILDING 925 15th ST. N.W. Ideal location. opposite Mc- Pherson Square: elevator build- ing. well kept and under constant supervision. 923 15th ST. N.W. ELEVATOR SERVICE 614 SQUARE FEET.._$50.00 1621 CONN. AVE. N.W. 3 rooms. suitable for profes- sional purposes: elevator service RENT—$65.00 —STORE— 1616 K ST. N.W. Ground floor. heat furnished: approximately 1.100 square feet RENT—$90 . B. F. SAUL CO. National 2100. 925 15th St. N. | —Compounded A Savings Account in @ Well-Managed Building & is safe and sure . .. and when ded to, eack: pay day, mounts up surprisingly fast! o It combines security with profit . . . It relieves thri(t of its monotonies . . . It lends induce- ment to saving! o Start saving today and grow with “The Fidelity.” 5% Paid on Savings Semi - Annually from the date of payment to the date of withdrawal. @ No restrictions on the amount you may deposit or withdraw. The Fidelity | Building & Loan Association MAIN OFFICE, 610 13th St O Nw. First Mortcace Loans District of Columbia, Near! by Maryland and Virginia 5% Terms from 3 to 15 years RANDALL H. HAGNER & COMPANY INCORPORATED MORTGAGE LOAN CORRESFONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Equitable Co-Operative Bldg Ass'n| ASSETS $6, ORGANIZED 1879 Subscriptions for the 109th Issue of Stock Being Received Do You De —on Real Estate or to Take Up First Mortgage? Tfloflt 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 Years to 915 F St N.W. 492,976.24 55th YEAR COMPLETED site a Loan Repay Your Loen Nat. 1741