Evening Star Newspaper, September 6, 1935, Page 19

FIN CORPORATE BONDS UPINBRISKBUYING U. S. Securities Fail to Fol- low Upward Trend—Rail Liens Active. BOND AVERAGES Net change. +.5 +.1 +2 +3 Today, close 83.1 989 98.4 68.4 les Indux Ui, por'n. 98.8 982 68.1 97.8 84.2 98.6 845 88.9 Prev. day-. 8 Month ago- B"x Year ago... 82.0 1935 high... 87.8 76.4 89.4 745 98.7 87.9 99.1 922 929 73.7 68.2 60.2 1932 low.... 458 400 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Low yield 109.7 Prev. day 109.6 Month ago 109.8 Year ago. 106.5 1935 kigh 110.7 1934 high 108.3 1928 high 1044 (Compiled by the 68.7 63.4 704 65.5 70.0 1932low.. 868 Associated Press.) By the Associated Press. NEW YORK, September 6.—Corpo- rate bonds of both prime and semi- speculative rating moved forward to- day under brisk buying. U. S. Gov- ernments failed to follow the upward trend. And at the close Treasury, Fedcral Farm Mortgage and Home Owners Loan Corp. obligations were down 1-32nd to 5-32nds of a point. Railroad liens enjoyed an active in- | vestment following, although there was some shading of gains in the sec- ondary list near the close. The carrier loans were given added popularity by reason of a sharp ad- vance in related equities, but high- yield issues of other groups also received a good share of attention. | United States Governments had a steady undertone despite a few minor losses, mainly in the guaranteed | groups. The largest gains in the rail divi- sions were made by New York Central 5s, up 2!, at 77; Southern Railway 4s, up 1% at 40%;: Erie 5s, up 1% at| 70%;, and Baltimore & Ohio 41%s, up | 1 at 60 Obligations of Nickel Plate, St. Paul, | Bcuthern Pacific, Union Pacific and a number of otner carriers improved | from 13 to % of a point. Interna- | ticnal Telephone convertible 415s and | American & Foreign Power 5s were ! bid up more than a point. Washington Exchange SALES—AFTER CALL. ‘Washington Market Cold Storage 5s— $1,000 at 9714, Capital Transit Co.—10 at 17. i Potomac Electric 5';% pfd—1 at 11214, Bid and Asked Prices. BONDS. PUBLIC UTILITY. * Asked. Amer. Tel & Tel. 4725 = Am. Tel. & Tei col. ir Georgetown Gas it Pot. Elec. Pow. Co ‘Wash. Rwy. & Elec. 4s_ MISCELLANEOUS, Barber & Ross. In 20 Chevy Chl\e Club 5‘ N3 | Col Cn\mlry Club 5z o Cold Storage STOCKS. | Bolivia 7, | Chile Mtg Bk 6% NCIAL, BONDS ON N. Y. STOCK EXCHANGE High, Low. Close. 7 [ 6 By private wire direct to The Star. Approximate Transactions Today. U. S. Gov't Bonda_.._— $2.280.000 Forelgn Bonds. cceae-.. 1,220,000 Domestic Bonds—.——— 9,890,000 LIBERTY. High. Low. Close. 4th 41,5 1933-38 10025 100 24 10024 4th 43(s 33-38 rg. 100 21 10021 10021 TREASURY. 2%81955-60 . 1005 1001 1002 3s1946-48______. 10218 10213 10216 38195155 - meme 10222 10216 10216 3343 1946-49_____ 10323 10316 10318 81%51949-52.cua. 1039 1034 1035 31481941 10720 10716 10716 3148 1944-46_——.. 10427 10420 104 22 3% 5194347 cacen 1064 1064 1064 3% 1946-56. 98 1098 1098 45 1944-54 nnzo 11018 11018 4%8-3%s8 19 1051 10430 1051 FEDERAL FARM MORTGAGE. -.100 9930 9930 10115 10112 10115 em--=- 101 10030 101 HOME OWNERS' LOAN. - 9928 9923 9925 ---. 10029 10024 10125 FOREIGN BONDS. High. Low. Close. 30% 29% 29% 22 22 22 95 95 9 Abitibi Pa&Pw 6s ‘63 Agr Mtg Bk Col 63 48 April gou on... Akershus 55 63 ———. Antioguia 7545 A. Antioqula 78 '45 Boca Antioquia 75 '45 C-w. Antioquia 745D __ Antioguia 1st 7s ‘57 Antioquia 3d 78°57.. Antwerp 5s '58 Argentine 5338 Argentine 63’57 A_. Argentine 6s'58 B Argentine 6s ‘59 June Argentine 65’59 Oct - Argentine 6s ‘60 May Argentine 6s 60 Sept Argentine 6360 Oct. Argentine 65 ‘61 Febr Argentine 6s°61 May Australia 43;s : Australia 5855 Australia Austrian 7s '67_. Belgium 6s°'55 Belgium 6%5 "49.. Belgium 78 '56 . 9 8% 8% 84 8ta 9914 981 97 96% 96% 9614 97 9614 96% 9614 96t 104% 1037 917 105% 106% 278 31 12% 6 8% | 7 191 | 19% | 19 Bolivia T: Bolivia 8s Brazil 7s '52 Brazil 8s'41 Bremen St 78 '35.. Brisbane 55 '57 . Budapest 6562 unmat couon___. Buenos A 6s'61 st Pv Canada 4560 _ Canada 43536 Canada 5s°52_ Chile 6s ‘60 Chile 6s'61 Chile 6s 61 Febr.. 37 93a 3% 58 105, 101% 111, 134 13% 131 Chile 6s '63. 1‘;1 Chile 7s "42 Chile Mtg Bk 6s 61 Chile Mtg Bk 6s'62._ 1. 1 1215 127 Chilean Mun L 7860 Cologne 638 °'50 _ Colombia 6s ‘61 Jan Colombia 6s 61 Oct. Copenhagen 5s '52_ Cordoba 7s '42 Prv._. Costa Rica 7s'61 A May coupon on. Cuba 53%5°45 Cuba 5%5 ‘53 Cund'amarca 6%s'69 Czechoslovakia 8s ‘51 Denmark 4%s ‘62 Denmark 5%s '66 Denmark 6s *42 Deu Bk 6s '35 ct stpd. Dominic 1st 534842 Estonia 7s '67 French Gov 7s "49 French Gov 7%s "41.. GerCBk A6s'38____ Ger C Bk A6s'60 July Ger CBk A 7s°50 Ger Gen El 6s°48. Ger Gov 53%5'65 Ger Prov & City Bk con Ag 6%s 58 Ger Rep 7s ‘49 __ Good H S & I 75 "45._ .5‘ San 72 | 24' 32 96% 11 102% | PUBLIC UTILITY. & Tei. ) Amer. Tel Capital Transit N, & W. St Po. El Pwr. Wasn. Gas Wash. Ry Wash. Ry. BANK AND TRUST COMPANY. Amer Sec. & Tr Co_(8) Bank of BflhL‘sr‘a 13) FIRE INSURANCE American (12)’ 60y { Rational ‘Unlou (60 3 | TITLE INSURANCE Columbia (30) Real Carpel Corp. 0) Lanston Monotype (4 Mergenthaler _Linotyp: Wdwd. & Lothuw pfd. (7). 113 'Ex dl\l en V.‘nc “extra. NEW YORK BANK STOCKS| NEW YORK. Eeptember 6 York Security Dealers: Association: (2 p.m. quotations.) ). —New | ‘Bank of Mnnhauln ll’:\ Bankers Tru Rrooklvn Trusl ll Cen Hpn BK & Tr (5%8) Chase Nat (1.40)_ P’lrsl an] Il(lu\ Guaranty Tr (12)__C Irving Tr (60) Manufacturer's Tr (1)- Natl City (1 N ¥ Trust (5) Puhiic_ ( | 13) Title & VUnited Sl T A Tncluding extras. g—Declared or paid so far this year. FEDERAL LAND BANKS W YORK. September 6 (P.—Federal l-lnd Bank bond 1Noon Quo!ltlom ) Rat.. Maturity. 4s “Jan. 105 100 9972 o U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co) | Rate—Maturity. i GrtBr& Ir5%s'37 . GrtCEI Haiti 65 Hung Con M 73845 unmat coupon on Hungary k | ltaly 1s | 1tal' P U Crd 7s 52 Ital Crd P W 7847 B. Japan 5%s 65 _ . Japan 645 ‘54 | Kreu&Toll 55’59A c!l Lombard El 7s '52 Medellin 615s 54 Merid Elec 7557 A Milan 6%s'52 Minas Gers 6%s 58 Sept coupon off _. Minas Gers 6135 '59 Sept coupon off_. Montevideo 6s ‘59 Montevideo 75 '5. New So Wales 6s '57. Nord Ry 658 '50 Norway 5%s ‘65 Norway 6s ‘44 Norway 6s ‘62 Norw Hy El 6%8°57- Oriental Dev 6%4s ‘68 Oslo 6855 .- 3 Paris Orl Ry §%s 'll | Pernam 7s°41 Sept coupon oft _. ll:eru 65°60._ 40% 1002 2 154% 101% 105 102 95% 9% 101 138% 101 13874 138% 11% 11% Poland 8s'50 Prussia 6s 53 | Prussia 63%s ‘51 Rhein-Main 7s *50. { Rhein-Rhur i Rhine W E1 P 7! ‘50 Riode Jan 645’53 Aug coupon off __ Rio de Jan 8$5°46 April coupon off .. Rio Gr do Sul 6s'68 June coupon off Rio Gr do Sul 78 May coupon Rio Gr do Sul 7s '67 June coupon off. Rome 6%s '62 Rotterdam 6s " Santa F Arg 7842 Sao Paulo C 8s'52 coupon off ame Sao Paulo St 65 '68 July coupon oft... | Sao Paulo St 78 *40__. Sao Paulo St 7s 56 Sept coupon of Sao Paulo St 8s '36 July coupon oft__.. Sao Paulo St 83 ‘50 July coupon off _. Saxon Pb W 6%s'51 Saxon St Mtg 61.s'46 Serbs 8s '62 unm c on Shin'su E1 P 6%s 52 Siemens & H 6%4='51 Sllesia Prov 7s ‘58 Silesian Bk 6s 47 Styria 78 '46 Taiwan Elec § l"ll. ‘Toho El P Tokio b%s Tokio El Lt % UnStl Wk 6148 °47 A | Un Stl Wk 6%s ‘51 A. { Uruguay 6s'60 % 971 | 210315 | 24% | Am Int] 5484 Am Roll Mill 4% Am Smelt & R 5847 & T gold 4s°36. Ann A 1stex in Armour & Co 4% Arm'r(Del)1st 4s '55_. A T&S Feadj 4s°'95__ A T&S Fead 4595 st. A T&S Fogn ds‘95... A T&S Fe 435 48 Atl Coast L 1st 4s 62 Atl Coast L clt 4 AtICL un é¢%s Atl Coast L clt Beth Stl p m 6836 ... Bos& Me 4%s°'61J.. Bos & Me 5s 55 Bos & Me bs ‘6 BosNYAL Bklyn Edis 58 '49 A BKlyn MT 63’49 A__. Bklyn M T 6s'68 A__. Bklyn Un El bs 80 Bklyn Un Gas 68 *45._. Bklyn Un G rf 6s'47_. BufGE4%s'81B._ Buff R&P con 418 57 Bush Term 1st 48 '52. Bush Term cn 65 55 Bush T Bldg 58 '60 By-Prod Ck 5%s ‘45 4| Camag S 7s 42 ctfs _ | Can’dian Nt R4%; 851 6 Can'dian Nt RA% 555 Can’dian Nt5s'69July Can'dian Nt 65’69 Oct Can’dian Nr db 7s ‘40 Can'dian Pc dbésperp | Can'dian Pc 4%8'46. | Can'dian Po 4%s '60 | Can'dian Pc 5344 cfs | Can‘dian Pc 63 ‘54 - | Cent of Ga 63’59 C | Cent of Ga rf 514 Cent 1l E& G 58 | Cent of N J gen § | Cent Pac 1strf 4849 Cent Pac 5s 60 | Cert'd deb 6%s 48 Chesap Ccv cl bs '44. Chesap Corp 5s '47 C&Ogen 43%392 C&O4%s"93 A_ ‘C&ou.-'as B_Z | C&Oconbs'39. C & O con 58'39 reg Chi & Altref3s°49 _ | Ch1 B& Qgen 4558 Chi B&Q ref 5871 Chi B&Q 1 dv 3%s 49 Chi B&Q1div 4s'49 4| Ch1& EI 6351 _ {Ch!G L&Cbs'37_. | Chi Grt W 48 °69 {Chil1&L gen 6s'66 _ | CM&StP gn 3%s'89B CM&StP 48 89 .. | CM&StP gn 4143 '89 C CM&StP 43%s 89 CM&StP 4*!’!9 CM&StP > cusm&puu 2000 | Chi & NW gn 45 '37. | Chi & NW gn 4s'87 st | Chi & NW 41482037 _. Chi & NW 41432037, Chi & NW 4%s°49.___ Chi & NW gn 58'87__ Chi & NW rf bs 2037 C&NW Nr W 6348 '36 Chi R I&P rf Chi R I&P rf 4834 cf. Chi R 1&P gn 48 Chi T H&S 1st 5560 Chi T H&S ine 6s '60_ Chi Union Sta 45 '44. Chi Un Sta 4363 Chi & W 1 con 4853 Chi& W 1 5%s’62 Childs & Co 58°43 Chile Cop deb b8 CCC&StL rf I%l"l'll CCC&StL rf 5s H CCC&S!LCW&MG! 91 CCC & St L Wh Wat Valley 4= 40 Clev Un Ter 4877 Clev Un Ter 5s"713 B Clev Un Ter 51.8'T2A Colon Oil 65°38_____. Colo Ind cl tr bs ‘“ Col & So 4%s°'80 Columbia G & K deb 5s°52 April Columbia G & B ColRP&Lb5%s 2. Com Inv T 5%8'49__. Con Coal Md rf 5s ‘50 Con Coal Md 5s°50 cfs ConGas N Y 4%s'51. Con Gas N Y 6s '57 Container deb 5s°43_. Container 6s 4 Crown C & S 6347 Cuba R R 1st Cuba RR 6s°3 Cuba Nor RR5%8"43 Cumb T & T 6s '37 Del & Hud ref 4s"43_. Del & Hud 5%s8'37__. Del P& L 4%s’6 DenG & E 585 Den & R G cn 4 Den& RG W & Det Edison rf 5549 . Det Edison 6s'53. .. Det Edison rf 5355 . Det Riv Tun 43%s'61_ Dul S S & At 55 '37 East Cllbl ST%s 'I". Efll ref 68 Fed Lt & Tr 5' ‘42 st 4. Fla EC Ry 5s'74 efs. Gen Cable 5% s 47 Goodrich 6%8 Goody'r T&R 6s '57.. Gould Coup 6s'40.__. Gr Tr'k of Can 68 ‘36 Gr Tr'k of Can 7s'40 GtNRref4%s'61 A Gt N Rgen 4%s8'76 D GtNRgen4%s'17E GtNRgen 6873 C.. H'satonic con 58 °'37... Hudson Coal bs 63 Hud & Man inc 6s ‘57 Hud & Man ref §s ‘57 111 Bell Tel 68 ‘66 .. 111 Cent ref 4s 'S - 111 Cent coll tr 48 °53. 111 Cent col tr 4563 111 Cent 4% 868 ICCAStL NO 43%s°63 ICC&St L NO 6» ‘63 H1C St L & NO 68 '51 111 Steel deb 43840 Inland Sti 4348’78 A_ Int R T 1st rf 6868 -. 108 . 105 High. Low. Close. 99% 99 994 1143 111% 114% 100% 100% 100% 101% 1013% 101% 109% 109% 10914 109% 109% 109% 112 111% 111% 113% 113 113% 52 49% b51% 105 104% 104% 92% 92% 92% 244 24% 24% 103% 103% 103% 93% 93% 93% 102% 102% 102% 103% 103% 103% 109 108% 108% 108 108 92 92 T4 T4 % T7% 91 - 9Nk 32 32% 42% 42% 107 107 100 100 101% 102% 60 ]05 A lOfi'i T3% 116% 110% 110% 1 108 108 108% 108% 108% 98 105'; 65 99 4% 8214 9y 95 917 100 1024 65 281 | 57% 95% 9515 95% 1114 95 95% 111% 1% 363 36 10714 107% 107% 105% 105% 105% 106% 106% 106% 105 105 95% 94% 95% 103 103 108 - 105% !05 % l05\6 2 :\9 60 50 50 - 105% 105% 105% 82% 82 82 9% 9Th 9T 105 104 105 106% 106% 1063 29 28 28'% 9% 9% 9% 105% 105% 105% 109% 109% 109% 106% 105% 105% 112 111% 45 45 13% 35 108% 10815 108% 105% 105 105 92 90% 91 90% Jowa Cent bs '38 ctf: James P & C ¢s°3 KanCFS&M4s's Kan CFS&Mrfis'36ct. KanC P& L 4345 61, Kan C Sou 1st 3 Kan C Sou rf i Kan C Ter 1 Kendall 5% Ky&Ind T 4 Ky&Ind T 4%s'61 st. Kings Co: Kinney(GR)T%8 81 80% 36% 36% 36 2% T2% 61% 61% 81 !fl 35 112% 112% um 2% 61% 1074 107 107% 93 929 101 - 103% 103% 103% 101 101 36. 104 104 104 Lack St 1st 6s 'IO A. lOGK IOO‘A lOGK Lake S&M So 3%s 97 Lautaro Nitr 68’54 Ligg & Myr 75 44, Loew's 6s '41_ Long Isl ref 4 Long Isl deb 6s '37 Lorrillaré 6s ‘51 La & Ark Gs 69 LouG&ES L & N unif 4s°40 L&N4%s2003C L & N So Mon jt 4s'52. McKess & R 6%8 60 Manhat R 48’90 Manhat R 4s 90 ctf: Manhat R 2d 4s 2013 Ao Mich Cent 338 '52 .. Mich Cent 43879 _. 6 MStP&SSM 6838 gt MStP&SSM 514 MStP&SSM 6% MoK&T4s 62 B Mo K & T 1st 48 '90. MoK &T 4%s T8 MoK&TGs 62A Mo Pac 4578 Mont Pwr 58 (2 A Mor & Esx 3%s 2000 Mor & Esx 4% Murray Body 6 Namm & Sons 6: | Nat Dairy 6%s | | New E T&T 1st N J Junction New Or PS 5862 A ‘ NewOrPS B New Or Ter 1 Cent rf 4%4s 2013 Crf4%s2013n._ Cent ref 6s 2013 Centcv 6s'44 __ ison 68°61 C.. isref 6148 41. H&P il.l'i R g o 1 gozg 227222 222277222227 " EEEEEEE phprreed Z ) k4 NYNH&Hcv6s'48. N Y O&W ref 43’93, N Y Rys inc 68°65.. N Y Steam 1st ‘l 'i Norf So st ref 68 61. Norf Solst rf5s'é1cfs North Am Co 58 ‘61 North Am Ed 58’57 A NornOT& L 6s'47 Nor'n Pac gen 3s 2047 Nor'n Pac 45’97 Nor’n Pac 4%s 204’ Nor'n Pac 5s 2047 C. Nor'n Pac 6s 2047 D_. Nor'n Pac 6s 2047 Nor'n St P 1st5s'41A. Ogden L C 45’48 Ont Pw Niag 58 '43 Ore W RR & N 4861 Otis Steel 6341 Pac Coast 65 "46.. PacG & E 6 - Pac RR Mo % Pan-Am P C éx'40ct Penn Dixie C Penn RR con 43%8 60 Penn R RED 4%8°65 Penn R R db ¢%s 70 PennRR 4% - Penn R R gen 53 °6: Penn R R 6%s'36 Penn P& L 4%s" Peo G Lt&C rf bs '47 Peoria & E 1st 45740 Peoria & E inc 45’90 Pere Marqg 4%s Pere Mara 1st 58 "5 Phila B&W 45°43 Phila B&EW 4%48°81__ Phila Co 58 °67. .. ElCo ¢8'71 Phila& RC&1 Phila& RC&1 Philippine Ry 4837 Phillips Petr 634839 Pillsbury F1 M 6s ‘43 PCC&StL 4%s°40 A_ PCC&StL 43%s'42 B.. Port Gen El 4%s ‘60 Porto Rico A T 6s'42 Postal Tel & C 5863 PubSE1&G 4s'T1 Purity Bak 58 '48 R-K-O 6! Reading R 438 '97 A Reading R 4143'97 B Rem-R 6%8°47 A ww Rep 1&8t] 58 '40 Rep 1&St15%8'63 A. Revere Cop&B 6s 48 Richfield O 6s 44 cfs. Rio G W col 45 '49 Roch G&E 6s '62 E. Rutland Can 4s ‘4 Rutland RR 4%s St L IM&S RAG ¢5'33 StLRM&P 68’56 StL-8 St L-S F 4% - StL-SF 4%s'78 cf st StLSWist4s'$sy . 1st ter 5'63. Shell Pipe L 53 °'62__. Shell Un Oil 58 *47 Silesian Am 78 °41_.. Ligg & Myr 58 ‘51 ... 1 & 1117% 3 107% 81 Met W S El Ch 4s'38_ 26‘- 103‘4 993, 41% Param't Pieturel 68’55 95% 911 - 1024 1025 105% 1047 107 106% 903 % 110% 110% 109% 109% 100 99% 105% 105% 60% 60 401 3915 25 25 102% 102% 106% 1065 110% 110% 111 % T5% bl 51% 36% 35'% 107 106% 98% 98 59% 59 106% 106% 106 105% 104 104 106'% 106% 105 104% 108% 108". 111% 107% 102 109% 100 105% 60% 4044 25 102% 106% 110% 111 7 51% 35% 106% 98 106% s by the . BANK RESOURCE AND LIABILITES Federal Reserve Board Makes Report for 12 Member Institutions. By the Associated Press. Combined resources and liabilities of the 12 Federal Reserve Banks at the close of business Wednesday were reporfed last night by the Federal Reserve Board in thousands of dollars as follow: ASSETS. Gold certificates on hand and e from lurL __ 648 Redemption fund—F. R. otes Other casl Total 834 -o 047 m Bills discounted: Secured b red by U. 8. Government obligations. 8. direct and/or full uaranteed- oner bifi “discounted: Total bills discounted. Bills bought In open market Industrial advances U. S Government ucurmn Rreatury “rotes Certificates ‘and bills Total U. 8. Govt. securities_ 2. ‘Total bills and securities Due_from forelgn banks. R, notes of other banks 6.088 4.620 P_R. notes in actual circulation 3.413,833 Deposits Mergber bank—Reserve acct. 5,228,147 U. 8 Treasurer—Gen. acct Foreign bank Other deposits. Total deposits Deferred avaulability item Capital paid Surolus Tsection Surplus (section 13B)_ Reserve for contingenc! All other labilities_ 7 75.0% Co itment to make industrial advi TETae advances $25,755,974 FUND GIVEN TO RAILWAYS | R. C. C. Returns to Carriers 35 Per Cent of Money Admin- istered by It. ‘The Railroad Credit Corp. has re- turned to the carriers $25,755,974, or 35 per cent of the fund administered by it, according to report filed today with the Interstate Commerce Com- mission, $11,665,286 having been paid in cash and $14,09(,688 credited on | obligations due the corporation. ‘The twentieth liquidating distribu- tion was made August 31, returning $735,879, or the equivalent of 1 per cent of the carriers’ net contributions to the fund. E. G. Buckland, president of '-he‘ corporation, said that collections in | August totaled $395,126, including $388,675 payments in reduction of loans and $6,451 interest. COMMODITY PRICES ORK. September 6. —The clated Precs wholessie” prics Tndex of basic commodities today declined to Previous day. 73.46. week ago. month ago, T250: vear ago. 686 Range of recent years 1935, - G (1926 average equals 100) Additional New York markets (compiled Associated Press): Crude Rubber futures closed quiet and steady. 9-14 lower. September. 11.43b: October, 11.5. Decem| 11.67-68; smoked ribbed spot closed 11450, Coffee. spot steady: o 4: San- Vo 2. 72% *CY and Treieht ofterings 3s end b5 at 3 July. 7.06n. Wicar futhses. No, 3 closed irri hisher to 1 lower: sales, 13,75 mber. bx m: " Mareh 2 05br M Rawhide futures closed barely steads. 7 lower. Deczmbe: 00,000, pounds. Tobacco futures closed steady. —Burley January, i July. Raw silk closed ste changed to_1'2 higher. sales, October, 1.731;: December. Oben ‘market quotations (80-day Shanshai sieam flsture 7R mer ne. 1.60: Canton double 712 Japanese spe- ra. 81 per cent seri- January. S s SR NEW YORK BAR SILVER. NEW YORK, September 6 (#).—Bar silver steady, unchanged at 65%. High. Low. Clese. 10% 10% 10% 101% 101% 52 52% 108% 103% 661 66% 115% 115% 100 100 104% 104% 87% 8T% 1087 103% 98 98 1% 914 1 9% 91% 91y 99% 100 56 56 26 25% 91% 915 102's 102% 87% 87% 1061 106% 106 105 24 24 111% 112 Spokane Int §s'55___ Swift & Co 3% s 5 Tenn Cent 65 47 Tenn C&l RR 58'51.. Tenn E) Pw 6347 A_ Term As St L 4s°53... Tex & NO 58’43 Tex & Pac 5330 D Tex&P MPT 5%s "64. Third Av ref 4s '60 Third A ad in = sfio Un E) L&P 58 67 UnEL&P5%s'S4 _ Un El Chicago S's'ds E 11.15: March, 11.45: | MONEY IN CIRCULATION SHOWS HOLIDAY DEMAND mmmmmn in circulation, umuymm m;nmooo with expectations. currency remains considerably larger than a year ago. money in circulation compares as follows: Brecading - week Bime week " last yea INVESTING COMPANIES September 6 (P.—New Yo!l lnurl!y Dealers’ Association (Closing quotations.) Bid. Asked. Admin Fund ww 52 — Amer Gen Equiti Am Business Shrs .. Basic [ndustry Bullock Pund _ 30.00 4823 wis 35 26.08” - N Y Coll A lnnlum Pund o( Am. 8hrs Corp. ro 2D Bt Pttt Cad oo 9 s 191010 BE SR SR RIS b At PR 2EEEINAL] Ty —a S9N Wl Db Dbk e FEREATERLRATINESG teed k B. Trusteed lnduury Shrs._. Trusteed N Y Bk Shrs i CHICAGO STOCK MARKET CAGO. September Following s llle complete official Hll ol transactions :M tocks on the Chicago Stock Exchange Low. Close. 1007 00" s 2915 mn 20% 50 Bal hln k K ol 4550 Bendix_Av_ 100 Cen A S W p‘pnl 60 Chain Beit s LT N B ctts 10 Miller & Hart pf- $0 Monroe ggxem - onroe Chem pf_ 1150 Nat. Gypeam. © =25 S i B 868! g e 2080’ west G fi Epf 100 Std Dreds 100 Sta e S 700 Bii"a Fad' ot 150Vortex Cup 150 Vortex Cup Wahl Co _ 350Walgreen 150 Waukesh, 2400 Will oil Bond sales today—None. —— INSURANCE STOCKS NEW YORK. September 6 (.—New | York Security Dealers’ Association: (2 p.m. quotations) Bid. Aetna Cas (2'2a) 90 Aetna Bire (1.60) Asked. 2 10215 102% ( 2o 106% 106% 106'% 106% 98 Utll P& L 53’59 ww. Ol P&LE%s 47— Vanadium cv s.-u‘ s 85 18t 7s '42 cfs LA 107 107 107 105% 105% 105% 105 105 106 12 111% 111% 6 69 69 21 20 21% 20% 21% Wabash 1st 58 '35 Wabash 68 ‘80 Do ‘Wabash 2d 58°39.... Wabash 64375 Wabash 5%s '15 etl 34% 111% 111% 111% 119 119 119 118% 118% 118% 81% 80% 81 76 5% T5% 96% 96% 96% 104 “104 104 ‘Westches WPaPlst§s'63E - W Sh 1st 45 2361 gtd. W Sh 1st 4s 2061 rg_ West'n Md 18t 4s'53. Ins k Glen F.lls_(1.60) Globe & Rut Great Amer (1) Halifax (.90) Hanover (1.60) Hartford Fire (3%a) (7% I"H“l) SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) -flnln Bid, ft; "'"f" un’fm fllll bt s 2R3 . Gas Lt. & Chi’ Northwest. 6 Dtllwure Hudson m Or !%l 1936. 5 1039 33eses 0" | eral Reserve bank credit outstanding FINANCIAL, RESERVE BALANCE DROPS $118,000,000 Decrease Is Attributed to Substantial Gain in Money in Circulation. By the Associated Press. Reversing the recent rapid climb which has carried member reserves to record figures, a drop of $118,000,000 in member bank reserve balances was shown today in the weekly condition statement of the Federal Reserve banks. ‘The decrease was attributed largely to a substantial gain in money in cir- culation over the Labor day week end and a transfer of funds to the Treas- ury. Money in circulation jumped $77,000,000. The Federal Reserve Board calcu- lated member reserves in excess of legal requirements declined $110,000,000 to approximatly $2,670,000,000. Monetary gold stock of the country | increased $12,000,000 to a new peak of | $9,209,000,000. Reserve Statement. ‘The Reserve statement said: “The daily average volume of Fed- during the week ended September 4, | as reported by the Federal Reserve | banks, was $2,478,000,000, an increase of $4,000,000 compared with the pre- ceding week and of $8.000,000 com- pared with the corrupondm( week in 1934, “On September 4 total Reserve| bank credit amounted to $2,472,000,- | 000, an increase of $1,000,000 for the week. This increase corresponds with increases of $77,000,000 in money in| circulation and $63,000,000 in Treas- | ury cash and deposits with Federal | Reserve Banks and a decrease of $13,- | 000,000 in Treasury and national bank currency, offset in part by an in- crease of $12,000,000 in monetary gold | stock and decreases of $118,000,000 | in member bank reserve balances and $21,000,000 in non-member deposits and other Federal Reserve accounts. | Member bank reserve balances on September 4 were estimated to be| approximately $2,670,000,000 in excess | of legal requirements. “Relatively small changes were re- ported in holdings of 'discounted and purchased bills and in industrial ad- | vances. An increase of $5,000,000 in holdings of United States Treasury | notes was offset by a decrease. of ;Zflqt’),ooo in holdings of Treasury | Changes Noted. Changes in the amount of reserve | ‘bank credit outstanding and in re- | lated items during the week and the year ended September 4, 1935, were as follows (in millions of dollars): | Bills discounted _ | B)ll! bought U. 8. Government securities - Inaustrial vances (not i cluding 27 mil- Tion " compit- 5ner:u — 8ept. 2.395 5.650 _ 5.228 — 118 + osits & other K. accounts - FOREIGN EXCHANGES. NEW YORK. September 6 (#).—Foreig: exchange easy: Great Britaln in dolars. 2"’21’! in nenu France. Italy, demand #:15: cables. '8.15 rnl:emlua-—mmum 16.81 Yor! Montreal, n—Nominal. PHILADELPHIA PRODUCE. DELPHIA. September 6 (P). —le: .nu umud Poultry unchanged. First Mortgage Notes 6% Interest Secured on homes in the District of Columbia. Wm. H. Saunders Co., Inc. 1519 K St. N.W. Dist. 1015 Get Your Home We Are Prepared to Make Immediate Loans for: Refinancing existing trusts that are matur- ing on homes in Wash- ington and nearby Montgomery County, Maryland. TELEPHONE NATIONAL ORGANIZED 1879 M assachusetts - Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Blds. _ District 8431. 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 MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5157 Interest FIRST DEED OF TRUST ONLY GEORGEI. BORGER Suceessor to, l'h_c 'bl:ilxeu of 643 Ind. Ave. N. First Mortgage Money For CONSTRUCTION LOANS AND LOANS ON 1) PROVED RESIDEN- TIAL PROPERTY in the District of Columbia and Nearby Maryland. [ 3% VA Prompt action B. F.'SAUL CO. 925 15th St. Natl. 2100 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments ALMBER BUILDING § LOAY ASIOCIATION COUNCIL 8 0.6 NATIONAL Permiari BUILDING fisl_gwg'cxmon Loan Here . . . 5% Payment on loans may be graded as follows: $7.50, $8.50 and $10.00 per month, includ- ing interest, for each $1,000.00 loaned, and monthly interest payments will be reduced as shares are paid. Inquire Today COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. Member Federal Loan Bank _System, District of Colum- bia Butlding’ and Loan League. INTEREST GRADED TO Home Equitable Co-Operative Bldg. Ass'n ASSETS $6,492,976.24 55th YEAR COMPLETED Sebscriptions for the 109th Issue of Stock Being Received Do You Desire a Loan —on Real Estate or to Take Up First Mortgage? B e i West'n Md 5%s 17 WestnNY&P 1st5s'37 West'n Pac 58 46 A West'n Pac 68’46 A West'n Un %8 West'n Un el tr 68’38 Skelly Oll 5%8'39. desiring money to purchase a home, refinance present indebtedness or improve property should consult us. Applications prompt and courteous | Vienna 6s'52 May c o Westphal El P s ‘52 DOMESTIC BONDS. Abr & Straus § 43 102% 102% 102% Mot moa, Alleg Corp 58 '49... l(olmu:u SILVER. AllCorole’s0 . 28% 25 ' 5% P All 50 stp IONTREAL SoRLmber § it v S | Allieo Stores43a 50 954 95u 954 e Bales. 15 conmu: G | Allts mém [TX a: " ]lgéh ;oo;“ }g;u 7 ' | Am Beet Sug cv 68 § Septeger - 38.70 2213‘5' 82430 | Am & For Pw 68 3 l & 4 May 700 6700 67008 | Am lce cv 5s 53 bR, 80 67500 | Am1GChb%S A 9% 78 92 91 % 98 35 9% 50% 591 % 56% 80 €95 4% JREI: 105% 105% 106% 5 . 5. Interlake 6 will recetve attention. Int Ag col 58°42 Int Gt Nor ¢s°52 Int Gt Nor adj 6s'52A int Hydro E) 63 '44__ Int Mer Mar 63 °41___ Int Pap 1st 55°47 A 105 104% 106 100 99% LS - 99% 99 m Y l Y038 " 1035 103% 1003 | Obto Bivee A A 55 1638 14 14% 14% | Penn-Dixie Ce: 6s 1 14 14 Penn Loans Repayable Monthly Take 12 Years to Repay Your Loan 915 F St. N.W. Nat. 1741 944 L3 %s 1097 W Sp Stl 1st 7 W Sp Stl con 753 13% Wilkes B&E 1st 55'43 48% 41% 43% Wilson&Co 18t 68 '41. 107% 107% 107% Youngtn S&T 65°70 B - 99 “Vn 98y Youngtn S&T 58’18 A 99 29 71 ame lll% m lll% ImtT&T