Evening Star Newspaper, September 3, 1935, Page 15

BONDS IRREGULAR IN'LATE TRADING Federal Issues Close Around | Day’s Lows—Italian Liens Decline. BOND AVERAGES raifs. 1ots. Uil vt B, Net change. —2 +.1 +.1 +.2 Today, close. 819 98.7 97.7 674 97.6 67.2 - 821 986 81.7 939 97.3 68.3 842 632 826 8738 878 99.1 98.6 70.4 922 845 655 929 889 70.0 73.7 68.2 60.2 400 646 422 98.9 102.9 100.5 10 Low-Yicld Bonds. Close.__.. 109.3 Prev. day- 109.1 Month ago 109.7 Year ago. 106.4 1935 high 110.7 1935 lew.. 107.9 1934 high 108.3 1928 high 104.4 (Complled by the 19321low.. 868 Associated Press.) By the Associated Press. NEW YORK, September 3.—A heavy tone in bonds of the United States Government gave the listed market an | unsettled epearance today. Logwsw among Federal issues ranged from | 2-32 to 11-32 and final figures were around the lows of the day. Corporate bonds finished with a gen- | eral mixture of small gains and losses | about equally divided. Atlantic Coast | Line 4'.s were 1 point higher at 78. | New Haven collateral 6s were that much lower at 51 and Western Mary- | 1and 4s were unchanged at 95's. Closing prices of other leaders in- cluded Consolidated Gas 5':s, up 33| of a point at 106%; Peoples Gas 5s, up !» at 107; Bethlehem Steel Re- funding 5s, off 1, at 109'z, and U. S. Rubber 55, up 12 at 9615, Foreign bonds were comparatively steady, with the exception of Italian | issues, which yielded 2 or more points under light offerings. Argentine 6s were ', higher at 96 and Peruvian loans mede a slight ad- | vance on news from Lima that the government would consider resumption of service on its dollar issues as soon as internal conditions improved. Chicago Grain By the Associated Press. CHICAGO, September 3.— The | wheat market virtually ignored bullish | 4 45 1944-54 By private wmllrnih'l'hflll’ Approximate 'l‘mu-ouolu Today. U. 8. Gov't Bonds Forelgn Bonds .. Domestic Bonds.. LIBER Hig 4th 435 1933-38 101 4th 41,5 33-38 rg. 100 TREASURY. 9931 9925 9926 35194648 ccaewa. 1026 1021 1022 351951-55 - —awwan 10214 1022 1024 ——- 10310 103 831481949-52..... 1031 103 - 10428 104 19 104 20 27%81955-60__. 319 1946-49 33,8 1944-46 33,8 1940-43 June 106 28 10t 338 1941-43 Mar. 106 28 10 3345 1943-47 106 8% 1946-56 4% 1947-652 FEDERAL FARM 9920 9918 9918 101 10022 100 16 10016 102 HOME OWNERS' LOAN. 9920 9912 9912 2210022 10015 10016 ADbitibl Pa&Pw 6863 Adriatic E1 78'52... Akershus 6s ‘63 Antioquia 78 Antioquia 1st Antioquia 3d 7s Antwerp 5s '58 Argentine & Argentine 6s°5 Argentine 6s * Argentine 6s Arzentine 6s'5 Argentine 6s Argentine 6s Argentine 65" | Argentine 6s Australia 68’ | Austrian 7s '67 | Batavia Petr 4%s"42 Berlin 6348 °'50. Berlin Elec 63 Berlin Elec 6%s Berlin Elec 63359 Brazil 8s°41 _ Brisbane 55 '57.. Budapest 6s ‘62 unmat cou on...... Buenos A 6s ‘61 st Py BuenosA6 4 s'61stPv. Buenos A C 613 '65-. Caldas 7%5 '46.._. Canada 4s ‘60 Canada 4%s '36_ Canada 58 ‘52 Cauca Valley 7 Chile 6560 Chile 6s '62 Chile 6s '63 Chi Chile Mtg h. 1 10914 10914 10914 11019 11019 11019 4% 8-3%81943-45 1056 104 30 104 30 11518 11512 11612 F THE EVENING STAR, WASHINGTON, D. C, TUESDAY, SEPTEMBER 3, 1935. A—15 BONDS ON N. Y. STOCK EXCHANGE|(WER PASSENGER Bell T of Pa bi --= $3,480,000 1,090,000 4.450,000 6 Bos NYAL4¢s'55... Bklyn Edis 5849 A_. Bklyn M T fs 49 A .. Bklyn M T 6s 68 A Bklyn Un G rf 6s°47_ Can’dian Nt R4%s'61 Can‘dian Nt R414s'66 TY. Low. OClose. 10022 10022 19 10019 10019 Can'dian Nt 58’69 Oct Can’dlan Nr db 7s '40 Can'dian Pc dbdsperp Can'dian Po 438 '46 Can'dlan Po ¢%s ‘60 Can'dian Po 68’44 cfs Cent of Ga rf 6%s ‘59 Cent 111 E& G &s ‘51 Cent of N J gen 55 '8 Cent Pac 1st rf Cent Pac bs '60 Cert'd deb 538 '48 Chesap Cov c] s 44 Chesap Corp 5s "47__ C&04%s8'95 B ... C & O con 6s'39 Chi & Alt ref 38 Chi B & Q gen ¢ Chi B&Q 44877 Chi B&Q 1dv 3%s'49 Chi & E I11 6551 Chi & E Il 5: 1032 103 10626 10626 10530 10530 MORTGAGE. 10030 100 30 10130 10130 High. 29% 53 CMStP&P .ds 6= 2000 Chi & NW 4%82037C. Chi & NW 4% s'49_ . Chi & NW 4% s'87.. Chi & NW gn bs '87 Chi R I&P rf 48'34 . Chi R 1&P rf 45’34 cf. Chi R 1&P 4%s '60 Chi T H&S inc 58 ‘6! Chi Un Sta 48°63 | Chi& W 1 con 4552 Ch1& W 156% Childs & Co 58 CCC&SIL It 4% 8'T7E CCC&StL rf b D._ Clev Un Ter 4%8°77_ Clev Un Ter 68’73 B Clev Un Ter 5148724 Celo Fuel & Ir bs"43_. Colo [nd cl tr 6s ‘34 Col & 8o 4%s ColumblaG&E 58°'52 May _ Columbla G&E bs 231, |ColRPL1st4 93's | Col RP& L 515842 | Com Inv T 5%8"49_ 36' | Con Coal Md 55'60 cfs 57! | Con Gas N Y 4138 '51. 5712 | Con Gas N Y 68’57 90' | Con G N Y db w.-'u 914 | Container deb 5 105% | Crown Will P 6s°51. 101% | Cuba Nor RR 5%s ‘43 11; +| Cuba R R 1st 5852 | Cuba R Rref T%s 38 ]’i \ CumbT & T 6837 . 125, | Del & Hud ref 43 °43_ 127 | Del & Hud 534837 Den & RG W 68 ‘65 Den&RGW 5855 asst Det Edison 4145’61 D Det Baison rf 5a 43 12% 12% 1 1274 | 106 llllt IIOK 8% 8% 33 33 109 109 105% 106% .. 1067 106'¢ 126% 126% 109Y; 10914 109% 109% 108% 108% 1123 112 114% 114% 103% 103% 87% 86% 108% 103% 100% 99% 111% 111% 121 12% 96% 964 100% 100t 10074 100% 87 87 85% 854 106 105% 106 105% 109% 1095 111% 111% 42% 424 106 106 1024% 106 102% ‘51 ctfs. 1 108'% 111% 107% 107 104% 104% 106% 106 94 94 " 104% 104% 49 41 4% 106% 804 - 111% HHK C.. 128 123 123 42.. 109% 109% 109% 8% 33 109 106% 1067 126% 109 109% 109% 112 114% 103% 867 108% 100 111% 124 961 100t 100% 817 864 105% R D e zZZso gE Penn O & DA Penn RR4Y% PennRR ¢%s Penn RR con 4%8°60 116% 116% Penn R R gn 4%s Penn R Rdb 4%s | Penn R R 4%s5 63 | Penn R R 6864 | Penn R R gen 58 Penn R R6%s 36 Port A C&D 655 Peo G Lt&C rf 5s 47 Pere Marq 18t 4s '56.. | Pere Marq 4%s 80 _ Pere Marq 1st 58 ‘56 Phila Co 68 '67 Phila El1 Co 4s°71. Phila E1 Co 438 '67.. Phila & RC& 16813 58 Phila& RC& 16849 38% Phillips Petr 6%s'39 102% PCC&StL 4%s . Low. Close. o IOG’A 1067 106% % 12 656 65 B.. 108% 108% 108% C.. 106% 106% 106% . 111% 111% 111% - 122 121% 122 93% 98 8 Nor'n Pac gen Il 1001 Nor'n Pac 4 Nor'n Pac §s 2011 o Nor'n Pac 5s 2047 D, Nor'n Pac 68 2047 Nor'n 8t P 1stbs’¢ '65. 107% 107% 1., ‘63 1__ 1A. 109 2% .- 102% 924 - 112% 109% 109% 2% 2% 10214 102% 92u 924 '0'( 9! 107% 106% l('flVc 112% 112% 103% 108'5 103% 99 - 106 3: 71 104% 104% 1 D.. 10415 104% . 103% 96' 105% 107% . 113% 102% 105 79 107 8 824 891y 99% 105% 106 118% s'58A. 634 Porto Rico AT 6 Postal Tel & C Pressed Stl C58'33 . _ PubS El &G 4% Pub S E&G 4% Purity Bak u L B, | BtL-SF4s'60 A St L-S F 4860 A cfs_ | Port Gen El 4348 °60 2 98% 99 106 106 108 31% 108 32 104% 104% 103% 116% 107% 96 105% 106'5 1181 102 104 79 107 8' 824 103 96 105% 106 1131 102'% 104% 79 107 78% 824 891y 99, 105% 1!8" ‘67 104% 104% Reading R 433897 x Rem-R 6% 847 A ww Revere Cop&B 6s'48. Richfield Of1 68 44 ___ | Roch G&E 55 '62 E StJo Ry L T&P & St L IM&S R&G ¢5'33 StLRM&P 58’55 - ‘T0.. 104% 1054 104 108 20% 10915 ‘37 104! 63% 71 14% 12 10% 624 14 8% 104% 96'a 52 975 105'y 104 108 3014 10915 104 63% 8 13% 11 10% 109t l(m. 2 While the commission in the past 2 | has not in every instance adopted the RATES CONSIDERED New Deal in Eastern Ter- ritory Regarded in Wall Street Quarters. By the Associated Press. NEW YORK, September 3—A new deal in railroad passenger rates in the Eastern territory is regarded in Wall Street quarters as virtually certain of development this year despite the non- commital attitude of the railroad managers. ' In this region alone the 3.6-cent-a~ mile tariff survives. It has becn dis- carded by the Western roads and by most of the carriers in the South- eastern territory. As some observers have put it, it is one of an infinitesimal number of things in the pricz realm which were not touched by the defla- tionary trend of the last six years, Issue Frequently Discussed. For a matter of two years or more the managers of the roads east of the Mississippi have at intervals talked behind closed doors on the advisability of discarding the old base tariff in favor of a rate more in harmony with the present-day transportation pur- chasing limits of the public. They are said to have lined up on both sides of the question, with the principal passenger - carrying lines holding out for maintenance of the old rate. In this connection, such | roads as tiie Pennsylvania, New York Central and New Haven have been mentioned as least in favor of a change. Baltimore & Ohio and some | | of the smaller systems have been rep- resented as favoring a lower base rate. The Interstate Commerce Commis- sion may have something to do with breaking the deadlock. Some time ago the commission assigned one of its examiners to the task of looking into the question of passenger rates, and after exhaustive inquiry he recom- mended to the regulatory body that lower rates be adopted. Indorsement Likely. recommendations of its examiners in the matter of rate changes, its action in this particular case is likely to be an indorsement of its inquisitor's find- | ings, in the opinion of those who fol- | low railroad affairs. This judgment is based upon. the | assumption that the commission will be influenced by the reports of ex- | ecutives of Western and Southern car- | riers that reduced fares, adopted as | an experimental measure from one to two years ago, have produced results | and are being continued. Busses May Be Factor. |Treasury Receives in Ex- Beans Replacing Old “Applesauce” For House Paint Special Dispatch to The Star. NEW YORK, September 3.— “You could paint your house with appiesauce, but”—a paint manu- facturer used to advertise. You can paint it with beans without any buts. And American homeowners may do that in a big way some day, if production of soybeans, strongly encouraged by the Department of Agriculture continues to mount. Already many paint 'manufac- turers use from 10 to 20 per cent of soybean ofl in their ready-mixed pl-lm” instead of imported linseed o The soybean is probably the’ world's most versatile vegetable— or is it & fruit?—and its latest dis- covered virtue is its possession of that one of the alphabetical vita- mins which helps, indirectly, of course, to populate the Nation. Chemists have found more than 300 widely assorted uses. (Copyright. 1935.) RETIRING OF BANK NOTES EXPEDITED cess of $93,000,000 for Re- | demption in August. By the Associated Press. Retirement of national bank notes from circulation is proceeding at a sharply accelerated pace. ‘The Treasury received well in ex- cess of $93,000,000 for redemption in | August, according to its latest state- ment. None was issued. That was the largest reduction in| the net amount outstanding since the | retirement began early in 1934. It was expedited in recent months byi the calling of the 2 per cent consols and Panama bonds bearing the circu- | lation privilege. Repayment Gives Impetus. The repayment of these bonds in July and August gave impetus to the return of natioual bank notes. About $125,000,000 came into the Treasury in those two months against an outko of only $50,000. Consequently, about one-third of the notes out early in 1934 have been withdrawn from use, reducing the to- | tal to about $615,000,000, as shown in the daily Treasury statement. They have been supplanted in cir- culation by silver certificates and Fed- | tually nil. FINANCIAL. RENEWED DEMAND' FOR STEEL IS SEEN High Hopes Are Held for Ac- ! tive Fall Manufac- turing Season. By the Associated Press. CLEVELAND, September 3.—The magazine Steel's weekly review stated today steel works operations remained unchanged at 52'; per cent last week in the face of generally strong mar- ket conditions. Fresh commitments, mainly for the | lighter steel products, overcame an easier market tendency jn the early part of the week and lifted opera- tions in some districts. Decline Neutralized. A decline in operations of 3 points to 57 per cent at Chicago was neu- | tralized by an advance of 1 point to 44 per cent at Pittsburgh, an ad- vance of 5 points to 56 in Cleve- land, a 5-point advance to 40!; per cent in Birmingham, 2 points to 78 per cent in Wheeling and 2 points to 62 per cent in Youngstown. Other districts retained recenl gains. The magazine said daily nven:e steel ingot production made a strik- | ing recovery in August after falling for five consecutive months. Opera- | tions averaged about 51 per cent !nr\ the month. Preliminary estimates for Augun indicate a rise in output of 23 per cent, while the daily average pig iron output gained about 6 per cent, halt- | ing a two-month decline. Dividing Line Seen. Labor day suspensions, said the | magazine, may affect steel works op-4 erations this week, but producers are |of the opinion that this day marks | the dividing line of an expected re- newed demsnd for the Fall mnu—l facturing season. Steel's scrap composite rose 4 cema‘ to $12.37. Its steel composite was up 6 cents to $32.78 and the finished ! steel index advanced 10 cents to $54.10. ‘ RESERVE B BORROWING IS VIRTUALLY NIL Member Banks Have Been “‘Out” of System for More Than Year. By the Associated Press. | Member bank borrowings from the Federal Reserve System remain vir- ‘They have been “out” of the reserve for more than a year. The L L L NEW CORPORATION FORMED, NEW YORK, September 3 (#).— Frank Phillips, presiaent of Phillips Petroleum Co., today announced the formation of the Polymerization Process Corp. through which patent licenses will be available to the pe- troleum and natural gas industries for the practice of ths polymerization process for making premium grade gasoline frora refinery and natural gases. Several of the larger ofi cora- panies, including the Texas Corp., Standard Oil Co. of Indiana and Standard Oil Co. of New Jersey are interested financially in the new outfit. First Mortgage Notes 60/0 Interest Secured on homes in the District of Columbia. Wm. H. Saunders Co., Inc. 1519 K St. Dist. 1015 Falls Church Theatre, Inc. $20 Units, 2 Shares 7% Preferred and 1 Share Common Subscriptions Now Being Taken Descriptive Folder Free Upon Request George M. Ferris & Co., Inc. Washington Blds. Natl. 592 Member Washington Stock Exc :nn' Assets_Over One Million Dollars % ON; . SAVINGS! . PRUDENTIAL BUILDING . ASSOCIATION and Nai'l Bank Bids.‘ v e LA Dile. 8270 MONEY FOR CONSTRUCTION LOANS LOANS ON IMPROVED PROPERTIES 5127 Interest FIRST DEED OF TRUST ONLY GEORGEI BORGER h Mt 5, . o Dul S8 & At 6: ! " world trade news after an early up- | Sile Mus Bk ¢s 2. e amANPLS 6 sz A eral Reserve notes. only important expansion of reserve ward spurt today. An opening gain of a cent a bushel was lost later. Strength in foreign markets, smaller world shipments and lack of suffi-| cient moisture in Argentina and Australia were features of a strong | situation. The market was dull, how- ever, many traders preferring to await | the private crop reports. New crop | corn deliveries displayed pronounced weakness, and this was a drag on|F: wheat. | WHEAT— | Open. High. lar Close. | Anle AR T Heptember.. 7% December__ o | g it CORN. Beptembe: December. ay.s T1'a-% 365 2% Tha-ts | May__ BARLEY— September_ December_2 LARD— Beptember October December_ January_. May. B!LLIIS— Beptember 55 18.62 18.55 chlc-go Cash Market. Cash wheat, No. 2 red, 89';; No. hard, 1.03%-1.04'2; corn, No. 2 yel- low, 76-761,; sample grade, 62-68; oats, No. 4 white tough, 24'4; sample grade, 22-237:; no rye or buckwheat; soy beans No. 2 yellow, 62, net track | country station; barley nominal; feed, 35-48; malting, 50-70; timothy seed, 2.50-2.83; clover seed, 10.26-16.35. ° Baltimore Quotations. BALTIMORE, September 3 (&) ‘Wheat, No. 2, red, Winter, garick spot domestic, 80%4; September, 80's. | Liverpool Grain Prices. LIVERPOOL, September 3 (#.—Wheat ' futures closed steady. Prev Hin, L % aa Rose Y. NEW YORK BANK STOCKS EW YORK. September 3 ().—New York Security Dealers’ A=Aoc|nnon (Quotations as of 2 o'clock.) ow. Cloge. o7, WYy xl'. Rily 8014 BUle October December arch __ Exchange, 4. of Manhattan (1%). * Trust () __ Brooklyn ‘Trust (4) Cent Han Bk & Trust (6)- Chase National (1.40) Chem Bk & Trust' (1.80) Commercial (K) Cont Bk & Trust (K0} Corn Ex Bk & Trust (3) ank ational City N Y Trust (5) - Public_(113) Title G & T United States Trus FEDERAL LAND BANKS NEW YORK. September 3 ().—Federal Land Bank bonds: (Noon quotations.) Bid Asked. 17 101% 15 195 TU. 5. TREASURY NOTES. (Revorted by Chas. D, Barney & Co) Pate Maturicy, off Dec. 1 5. 101 S, 5555555555 0y! aiu.:...m....:.-...a:_.- S 2 It o ottt b b =g s 3338 BALTIMORE STOCKS BALTIMORE, September 3.— Bales 3 man u- Close. 15 Arundel 20 }‘5 lelity ?Il’ 50 Ho. Huunn o 1Rr0 New Amsur Cl 202U 8 Pidel & Gu: P LR Electric Power & Light Corp.— t.%m, 12 months ended July 31, was ,204 vs. deficlt $775,194. 3 | Gy Colombia 6s ‘61 Jan_. Copenhagen 4%s ‘53 Costa Rica 78’51 A May coupon on-. Cuba 5348 '45.. | Cuba 5%s'53 | Denmark 438 '62. Denmark 5% '35 Denmark 6s '42 Dominic 2d 5%s 40_. Estonia /s '67. Finland 6%s '56.. rameric In 716s '42 French Gov 7s 4 Frencn Gov 7%s ‘41 Gelsenkirchen 6s '34. er Gov 51;8 '65 Ger Prov & City Bk con Ag 6%s 58 | Ger Rep 7849 |GrtBr&irbhs | Grt CElJap 78’44 Greek Gov 63 68 Hamburg St 6s 46 Hung Con M 7845 unmat coupon on._ Italy 78°51 Ital Crd P W 7s '47 B. Ital P U Crd 78 '52 Japan 5%s €5 Japan 6%s ‘54 Lombard El 78 '52 ... Merid Elec 78 '57 A Met Water 532850 Milan 6%8'52_ Montevideo 6359 New So Wales 65 '57_ New So Wales 55 '58. Norway 63 63 Norway 6s 43.. Norway 6s ‘4 | Norway 6852 Panama b Poland 6s '40____. Poland 78 47 —ceemon Poland 8s'50 Prague Gtr 738 Prussia 6s'52_ Queensland 7s 'Il.... RiodeJan 6%s'563 Aug coupon Rome 624852 ___.o. Rumania 7s°'59 Aug coupon off___ Santa F Arg 78'52 stp Sao Paulo St 75 '40 ._. Sao Paulo St 7s ‘56 Sept coupon of?__. | Serbs 75’62 unm ¢ on Serbs 8s '62 unm c on Sydney 6% '55_ Toho El Pw 78 '55._. Tokio 5%s 61 Tokio El Lt 6863 Trondhjem 61s '57.. Ujigawa E P 1845 .. Un Stl Wk 6%8'47 A. Un Stl Wk 6145 '51 A. Uruguay 6s '60 Uruguay 8s 46 Vienna 6s Warsaw 7s '58 Yokohama DOMESTIC BONDS. Abr & Straus 5% s 43 Ala Grt Sou 48 °43 Alb&Sus 3%s ‘46 gld Alb Per W P Alleg Corp Alleg Corp bs '50 - 100% 100% Am Beet Sug cv Am & For Pw bs 2030 Am Icecv 58’63 _ Am 1 GChb6¥%s 4 Am Intl 6%8'49 Am Roll Mill 4%s'49 Am Smelt & R 68 AMT&T ¢%s AmT&Tecltr a:;«. Am Wat Wks Armour & Co 4% Arm'r(Del)1st ¢s°55... Arm of Del 64843 A T&S F A T&S F' RMt dvl!’l‘ Atl Coast Lt AtICLundl%s Atlantic&D 1st 4s 48 Atlantic&D 24 48 '48. AtIG & W 16859 .. Atl Refin deb &8 '81.- Aust & Nor 68 41 ———e 104% 104% B&OSwnbs'50 B & O Toledo 4s 59, Bang&Aroos 48 ‘51, Bang&Aroos cv 4 1 1 108% ‘Beech Crk ¢s '36 gtd.. 101% 101% 101 Duqu Lt st 4%s 'H East Cuba 8 71837, | Eriecv 4863 A | Erfecv 4s'53 B Erfe 4596 Erie gen 4 Erfe ref 58 '67 Erle ref 5375 Gannett 6s '43 Gen Am Inv 5852 Gen Cable 6148 "4 Gen Pub Sve 5%s '39 Gen Steel C 5% - Gen Thea Eq Gen Th Eq 6 Goodrich 6s "4 Goodrich 6%s 41 Goody'r T&R bs 57 | Gould Coup 6s "40 Gr Tr'k of Can 6 Gr Tr'k of Can 7s '40 GtN R gen 4%8'76 D GtNRgen4%s'ITE GtNR5%8'53B ___ GtNRgenT7s'36 A . Gulf Sta St 5%s '42. Har Ry-P C 1st 45 '54 | Houston O11 6345 "40 Hud & Man ref 68 '57 111 Bell Tel 68 66 111 Cent col tr — | [l1Cent 4% 868 11 Cent ref 68 ‘6l 111 Cent 615 36 Inland Sti 4 102% 108, 177 1767, 24% IRT 1st ref 58'66cfs Int R T 1st rf b8 '66. 100% 101 101% 105 104 101% Int Cement 58 48 Int Gt Nor 6 Lt Gt Nor adj 68524 Int Hydro El 68’44 . Int Mer Mar 6841 Int Rysof C A 6541 IntT&Tcv4ls 3y Int T&T 4%s 52 Int T&T 58’55 Inv Eauity 5547 A_ Inv Eq5s'48 B xw._. James F & C 45°39._ KanCP& L 4%s'61. Kan C Sou 1st 3s ‘50 Kan C Sou rf in 6s 50 Kan C Ter 1st 4s '60_. Kan G & E 4%s ‘80 Kendall 6%s 48 ww. Lack St 1st 5350 A. Laclede Gas 68'39 _. Laclede G 5853 C. Laclede G 5%4s '60 D Lake S&M So 83597 Lautaro Nitr 8354 __ Leh Val Coal 6838 Leh V Pa con 4s 2003 Lex & E Ry 65 . Loew" Lorrillard s ‘44 La & Ark 68 69 LouG&EG5s'62 A, L & N unif 45'40 M'Cro'ySb3s'41 filed McKess & R 6% 60 Manhat R 4890 _ Manhat R 48 90 ct Marion St Sh 63 °47._ Market St Ry 78’40 A. Mead Co 68 '45 Met Ed 1st rf 4% ‘68 Midvale S&O 65 MIIER&SLGbs Mil B R&S L rf 68'71. MStP&SSM cn 4s ‘38 MStP&SSM 6s 38 gt. MStP&SSM %8 49 841 8414 102% 1024 99% 99% 1087% 108% 42 42 77 16% 23% 23% 108 108 94% 94% 1024 1024 1029. 0% 78 100 110% 109% 110 100% 100% 100% 109 109 109 109% 109% 109% 111% 111% 111% 111% 1118 111% 112% 112% 112% MoK&T1 MoK &T 6s 6 Mo K & Tadj 5s'67. Mo Pac 48'75. 5 Mo Pac b Mo Pac b Mo Pac b Mo Pac 6%s 49 Mob & Ohio 5s '3 Monong Ry 1st Mont Pwr ret 103% 103% 103% 93% 92% 93 1047 104% 104% 102% 102% 102% 108% 108% 108% 107 106% 106% 109 109 109 1logu 105% 106% Mor & Esx 4%s'56 Murray Body 6348 42 Nassauv El 4s '61 gtd. % | New J P&L 4%s5°60_. NewOrPS6s'56 B New Or T&M 68’54 B New Or T&M 6%s ‘54 43 3 3 107 107 107 100% 100% 100% 100% 100% 100% B57% 65T 67“ N Y Cent 48 4! N Y Cent con 4 Y Cent rf 4% 2013 Cridls sm n 3 Y Y ¥ Cent ev. NYCLSha%s 98 NYCASL 1st 4837 NYC&StL 4%8°78 . NYC&StL 6%s 74 A NYC&StL 1st ¢s '36... N N N N 4% 844 84% 104% 104% 104% 08% 1 Ligg & Myr [ L B : lUl' | 8o Ry gen 6 | SoRyGlps’'66. So Ry St Ddiv 4s'51_ Stand Oil N ¥ 4 %561 Studebaker cv Swift & Co3%s '50.. Tenn Cent 6547 So Pac 438’81 So Pac Ore 4%s 21, |Seabd A L6s 454 __ | Seabd A L 6s ‘45 cfs.. Shell Pipe L 6862 Shell Un O11 5847 Sietra &SF P s "49- | 8o Colo Pwr 68 47 A. | So Pac col 43 90 | Tex & Pac 5879 C_ 963, 4 s 47 % | Un Pac 4868 _ 4 102‘: 103 100 1061 1013 9% 8% 99 164% 9414 39 114% 119 104 129% 73 12 112 107% 1031 100% 10315 100% 107% 102 k] 103% 103% . 106% 108% 90‘/! 90% 88% 88% 145 142 604 59% 108% 108% 99% 99% e% 2% 3% 3% 104 108% 117% 116% 120% 120% 104% 104% 80% 32 94 72% 111% 102 102 61 60w 70% 7 6214 63 108% 100 1064 101% 9% 'IB‘- 9415 39 114% 119 104 129% 73 112 107% 107% | 1031 1004 107% 102% 103% 106% W‘& uz 60% 108% 9% 2% 8% 103% 117% 120% 104% 72% 1119. 102 60% 70 624 B! Su Tri partment of including 4,000 cents hi Seights “ang s "0 ut lower. about’ steady. Sheep 15, Un Pac 4%s'67 | Unit Biscutt 68°50__. Unit Drug 6853 | US Rubber 5347 Unlv Pipe & R 6536 Utah L& T 68’44 A_. Utah P& L 58 "44_ Util P& L 55 '59 ww. | Ut P& LE%s 47 . Va E&P Ist rf 68’55 A Va Ir C&C 1st 55 '49__ Va Mid gen 5s '3 | VaRy 4%s'62 B | va S W con 5858 1 Wabash 1st 55 '39 . Walworth 6545 A Warner Bros cv 6s ‘39 4 | Westn Un 4% West'n Un 5s ‘51 West'n Un 6s West'n Un 6%s°36 Wheel Steel 4%s '53. | Wheel St15%s 48 "41. 1-,v, | WisC1stgn 4849 _. Youngtn S&T 6i Youngtn S&T 5518 A 971 108 7 4 | Tex Corpevbs'd4___ Tex & NO 58’43 Tex & Pac bs ‘17 B Third A ad in ex 58°60 | Third Av ref 4s ‘60 _ | Trenton G&H 5549 Trumbull Stl 6s'40__ 106 6514 101 105 95'% 1031 1031 1081 | 9"“"" 31 98% 102% 101% 104 13% 107% 10% 70 B 984 884 57% 57% 6l 61% 105% 105% 65 65 101 101 106 105 68 68 96% 95% | 301 98% 9 ‘l 99% 100 983% 99 102% 102% 101% 101% 103% 103% 18% 134 107% 107% 104 10% 98 98 9% 9% CHICAGO LIVE STOCK. CHICAGO. September 3 (M (U. 1 Agriculture).—Hogs. mostly average: i) di by re 0825 e 100-3 260-350 5; most llih! ws, 950 it stei little done. lllhll. 1 8. De- 14,000, 10a13 light gher : 0. bOlll UC however: cents or more down, bu id on early rounds to narket. Liberal suunl yearlings: 1176 s c with lambs as vyet unsol %rs :hn ce ange any lmkncuy cimicc Teifers up feeders o i S5 cen| ows 10818 cents off:’ bulls practical top: Ilmbx sheep fir 5 kin ambs. iné 3 m: s 3035 nnuv;'n;'uf make a !ed neen here. and mixed to steady heer: ondias vealers lclln, bl luding nr’.i an ¥ FOREIGN EXCHANGES. NEW YORK, September 3 (#).—Foreign Demln&i—Bel'lum free, 4 urist, gary. 33.08 Emfi 60; Yur Hony nires i 6.60%; 8.15 16.83, 75 e n Montre J' 10048 exchange | S ;“l‘:":reluhr Great Pritain tn dol- Yai Germany, eg. C cables, . —_————— FOREIGN MARKETS. By the Associated Press, N.—A cheerful tone prevailed on LONDO! the stock excl slightly ‘more come &t Genev amount of re edsed securit trials to i it nge today orable view of due to the decli 1“ a ity. -Atlantic lssties remained sieady. The ARIS. —] losses and led a e rse today. shares were firm. ieps induc Donmucd is vech ntes de closing tone was nufl 18.—Re g dlnl on . —Tr, very dull and the prevailini some repurc] Te WAS goid improve. reral market and the owing to ined improvement ternationsis and Suex closed the the out- a mo yesterday's on Boers 'Il ing 109 Jevel of Prices matket closed »| The cost of long-distance interstate i | Bieeraiea Tr C. There is another factor, according | | to observers, which may induce the| | roads to give up the old rate irrespec- tive of the action of the Interstate Commerce Commission. Statistics from various sources indicate that the | principal motor bus lines have enjoyed a large increase in business this year, |a much larger gain relatively than| | that claimed by the railroads. | bus travel averages less than that of the steam carriers, and railroad men in all territories have ever been willing to charge a considerable part of the | passenger traffic loss in the past dec- ade to thig form of competition. —= 5 INVESTING COMPANIES ORK. September 3 (.—New York Security Dealers: Assoctation: lons.) (Closing Quotatio 8) Admin Fund ww Am Business Shrs. Basic Industry _ Bullock Fund | Eorzorate Trust Corporate Trust AA | Corp Tr AA m | Eorp T Accum Ser- Corp Tr Aceum Ser mod_ Gumulative Tr Eh | Depos Bk Sh N ¥ “A De Thrs A e 7 SRR RIS T D) Db S L3 Trust Fun Trustee Stand I Trustee Stand Iny D.. Trusteed Am Bk * Trusteed N Y Bk Shrs. - INSURANCE STOCKS NEW YORK. September 3 (#.—New | York Security Dealers’ Association: Bi Aetna Cas. (2'2m) su % S, Fire .80m s l—?fln‘l‘lfllhl extras, ‘b—Decl ared or paid so far this year. COMMODITY PRICES YORK. September | clated” Press Wholesale pri basic commodities today ad 1 3 'eek | month ago, 71.87; year ago, 6! Range of recent ye: .l:x:ge'xo of MO, 7 1998, 3547 itional New York markets (com- Al iled by the Anocllud Press) t, sveads: Rio, 'no gantos No. 4, 8l (.Iln(l lsnclugtd eady: lllel 1.000. Dnem T, 4. flsb. le, B 170, Santos futures steady: ulu. 2.000. Ae!I tember, 7.59n: December, 7.78; Marc 7.89n; 'May. 7.94n AR—Puiures No. 3 closed steady. g:u{ungd 's’qguh" i saled ember. : Dec i 1:04bi" March.” 1.09b: " n—Nominal. !rnlte( use of the $646,000,000 in gold | own obligations and took the gold in- | crement into its working balance. | bonds, recently purchased from the | Officials estimated last would take about a year to complete the withdrawal of the private bank notes. Repaid Out of Cash Balance. As they are canceled the Treasury profit” from dollar revaluation set | aside for repayment of the Panamas | and consols. The bonds actually were repaid out of the Treasury's cash bal- ance, but it assumed the notes as its | - EXPANSION IN IMPORTS | IS TREASURY WINDFALL By the Associated Press. Expansion in imports, mainly farm products, has provided a windfall for | the Treasury, which needs all the money it can collect to hold down ' | the Government's deficit. Customs collecting in the first two months of the current fiscal year ex- ceeded $64,000,000, compared with | about $40,000,000 in the comparable | period of the preceding fiscal year. | Part of the gain came from liquor imports. But the largest share has been contributed by other commodi- ties. Despite larger collections from liquor duties, they contributed in July | only 2.8 per cent of the total, com- pared with 10.1 per cent in July, 1934. L0S ANGELES BOND ISSUE. | NEW YORK, September 3 (#).— | An issue of $2,505,000 Los Angeles City High School District 4 per cent bonds was offered to the public today at prices to yield from 1 to 3.70 per | cent, according to maturity. The | Reconstruction Finance Corp. are due | serially from 1936 io 1956. MONTREAL SILVER. MONTREAL, September 3 (#)— Silver futures opened stronger. Sep- tember, 65.50b; December, 66.60b; March, 66.40b. b—Bid. NEW YORK BAR SILVER. NEW YORK, September 3 (#).—Bar | silver steady, unchanged at 653 Spring it ! credit in the meanwhile has been the extension of $29,000,000 in small loans to industry. Some bank experts, however, see a potential stimulus to member borrow- ! ing in the recently approvad bank bill, which removed the old eligibility = strictions. Total reserve bank credit outstand- | ing, including $2.430,000,000 in hold- | ings of Government obligations, com- pares as follows: Week ended August 28. Preceding _week.__ Same week last year. RAW SILK DEMAND STRONGEST IN YEAR By the Associated Press. NEW YORK, September 3.—Con- sumer demand for silk continues strong in preparation for an expected excel- lent Fall finished goods business, ac- | cording to several of the largest silk | houses in New York. August mill tak- ings were estimated by trade observers at 42,000 to 43,000 bales, which would | compare with 44,166 bales delivered in July and 36,247 in August, a year ago. | The current spot raw silk price is the highest since September, 1933, and nearly 50 cents a pound more than that prevailing last July. ARGENTINE BONDS FUND. NEW YORK, September 3 (#).— -$2,471,000,000 - 2,469,000,000 - 2,463,000,000 | J. P. Morgan & Co. and National City Bank of New York, fiscal agents, have notified holders of Argentine external sinking fund 6 per cent bonds due Oc- tober 1, 1959, that $297.815 will be available for sinking fund purchases on October 1. Tenders must be below par. STEEL RIGHTS ACQUIRED. NEW YORK, September 3 (#).— Exclusive American rights to manu- | facture and sale of a new magnetic alloy steel have been acquired from a British concern by Allegheny Steel Co., it was announced today by W. F. Detwiler, vice president of the com- pany. Lawrence Honored. A bronze head of Lawrence of Ara-! bia will be placed in St. Paul's Cathe- dral, London, Successor to. the business of JAMES F. SHEA 643 Ind. Ave. N.W. Secured on Homes Safety and Yield Combined SHANNON-&-LUCH 1505 H ST.NW. ~ NAT. 2345 First Mortgage Money For CONSTRUCTION LOANS AND LOANS ON IM. PROVED RESIDEN- TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5%2% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 THE FIDELITY BUILDING & LOAN ASSOCIATION MAIN OFFICE Fidelity Building 610 13th St. N.W. to the "Ol:D TIMER” over WISV every Sunday at 1:30 P.M. T he Institution of Service Make Your Savings PROFITABLE! 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