Evening Star Newspaper, September 8, 1935, Page 63

FIN BROAD ADVANCES INBOND VALUES Rails Heavy Favorites as Foreign Issues Also Dis- play Firmness. BY G. A. PHILLIPS, Associated Press Financial Writer. NEW YORK, September 7.—The corporate bond market successfully rode out a brief but spirited storm of profit taking during today's brief session, and ended a week of con- stantly rising prices with modest gains well placed over the list. United States Government loans @gain acted indifferently. The turn- over was less than $600,000, and quite s number of Treasury issues did not appear on the tape. Closing prices Janged from 2/32ds of a point higher fo 4/32ds lower. Buyers Check Declines. Domestic corporation issues ran along smoothly enough with a strong stock market until the end of the second hour, when selling orders in rather large number made their ap- pearance among those issues that-have enjoyed a wide upward movement during the week. In the ensuing struggle a large part of early gains were conceded before buyers appeared in sufficient number to rally the list and keep it steady during the re- mainder of the session. Railroad loans were heavy favorites and the majority of active issues ended in the plus column, with gains up to | a point. Industrials and utilities trailed, with a few small declines sandwiched in between fractional ad- vances. Foreign bonds were especially firm on a turn for the better in the | strained relations between Italy and | Ethiopia. Many Leaders Advance. Closing prices of leaders included Murray Body 6!2s, up 3's points at | 169's: International Telephone 4';s, up 1'> at 70%; American Rolling Mills 4'is, up 7s at 115%: Delaware & Hudson 4s, up “ at 82%; Fran- cisco Sugar 7'zs, up 2 at 32!3; New Haven debenture 3! Italian 7s. up 3 at 61: Rome 6l2s, up 1% at 51';, and Milan 6!2s, up 1'2 at 505, The Associated Press averages ranged from .4 of a point higher to & of a point lower. Transfers aggre- with $3.306,000, last Saturday. gated $6,713,000, par vaiue, compared RED METAL MARKET GENERALLY SPOTTY| Firm Undertone Prevails Because of Increased Domestic Con- sumption. By the Associated Press. NEW YORK, September 7.—With eopper consumers apparently covered into December following their heavy | purchases of August, business in the | red metal last week was spotty and generally small. Nevertheless, a firm | undertone prevailed owing to the in- creased rate of domestic consumption, the well-sold position of producers for the next few months and continued good European demands. While there were further trade dis- cussions of possible price rises beyond | the prevailing 8'2-cent domestic basis, no definite developments were re- ported. Several Western mining com- panies have increased production. Tin quotations sagged approximately | 3, cent per pound for spots in gen- | erally quiet trading which was limited | chiefly to nearby positions. The most | important influence was said to be | the reduced rate of tin plate opera- tions, now estimated at petween 50 | and 55 per cent of capacity, or a | reduction of some 15 points from the | July level. Smaller seasonal trends ' are credited to the canning industry Brokers’ Comments By the Associated Press NEW YORK, September 7.—Most Btock market letters today were defi- | Low nitely bullish. E. A. Pierce & Co.—The momentum | of yesterday's market may well result in a further extension of the rise int> nearby trading sessions. Shields & Co—Reports from most | Industries should soon be better, and, as a result, only a bullish policy is possible. Lamborn, Hutchings & Co.- —Todays gession should remain firm to strong. | i Charles D. Barney & Co—The Gechnical position points to the de- | sirability of a temporary consolida- tion of recent gains. Frazler Jelke & Co.—Public inter- est will have to be greater before an fmportant recession develops. Hornblower & Weeks.—Periods of | hesitation and irregularity should be | utilitized to re-enter the market. . up 1 at 3015 | | Special Dispatch to The Star. ' closure of three banks. ANCI1AL. Market Terminals Being Considered For 12 Va. Cities By the Associated Press. RICHMOND, Va., September 7. —State Works Director Willlam A. Smith had before him today a $360,000 program calling for the construction of marketing terminals in 12 Virginia cities. Contemplating loans and grants, the program was placed before Smith by J. H. Meek of the State Department of Agriculture. In his outline Meek suggested markets for Bristol, Clifton Forge, Charlottesville, Farmville, Fred- ericksburg, Hopewell, Martinsville, Newport News, Pulaski, Suffolk, ‘Waynesboro and Winchester. The plants would cost roughly $30,000 each, Meek said, and his suggestion was for a grant of $25,- 000 each. with the cities con- tributing the remainder. Meek said the city officials or chambers of commerce in each of the cities had approved the scheme, al- though none had gone to the ex- tent of incurring any obligations as yet. Commodity Price Changes in Week BY H. N. McGILL, McGill Commodity Service, Inc., Auburn- dale, Mass. AUBURNDALE, Mass, September 7 (A).—Commogity prices during the first week in September advanced, fol- lowing the reactionary trend in late August. The upswing, however, failed to break through the high point reached in mid-August. For a period of months the composite index of all commodities has been dominated by & few groups. During the past week the ability of the live stock group to advance, coupled with strength in hides and leather as well as coarse textiles, and moderately higher price levels for agricultural products, re- sulted in a higher price level. On the other hand, there are more decreases than increases as out of 14 indi- vidual groups seven declined as against ‘ifour upswings. Only three groups re- mained stationary. Industrial Price Trend. Industrial prices continued the moderate downward movement which first began in late May. The first week in September, however, was featured | by a well-maintained rate of industrial activity with steel operations reported back to 50 per cent of capacity. Agricultural prices were fractionally higher than the previous week. Six items were higher than a week ago, namely, wheat, corn, rye, flaxseed, butter and potatoes, while a similar number declined—oats, barley, cotton, eges. hay and rice. Live stock prices rebounded upward, following the late August decline. The latest index is close to the high point reached in mid-August and during the | past week the three major items— cattle, hogs, and lambs—participated in the price upswing. Building Materials Decline. Building materials registered a siz- able decline under the leadership of lower quotations for lumber. Hide and leather prices averaged | higher during the week as a result of | a further mark-up in raw hides— | prime packers now quoted at 14 cents at Chicago. Non-ferrous metals averaged slight- 1y lower due to a price revision down- ward in spot tin. Fine textiles lost considerable ground, primarily due to price weak- ness in raw cotton. Cotton yarns| were also lower as well as raw silk. Coarse textiles advanced sharply. Although burlap declined, other items such as hemp and sisal advanced sen- sationally. Vegetable oils declined as the price | decline in cottonseed oil more than | offset the strengthening in coconut, china wood and soya bean oils. Most important price changes in | the McGill weekly commodity index (1926 equaling 100) were as follows: | All_commodities Industrials __ Agricuitural Live stock Fine téthe i Dails Price Index.” NEW_YORK. September 7.—The Asso- glated Press wholesale price index of 20 | basic commodities today advanced t Previous day, i week aro. 3 month ago. Vear ago. G018, Ranse ‘ot recent ve! SEVEN BANK'S OPENED WITHIN PAST WEEK CHICAGO, September 7.—Seven new banking offices were opened in five States during the past week, it is reported by Rand McNally Bankers Monthly. The institutions, composed of three new banks and four new branch offices, are located in the States of Iowa, North Carolina, Oklahoma, South Carolina and ‘Wisconsin. Other changes reported include the merger or consolidation of three banks, one bank moved, and the How Is Business? Showing Current Business Activity compared with the Same Week A Year Ago Eflm ‘weeks twelve months -fli.. Black ACI'IVITY BY FEDERAL RESERVE DISTRICTS Chack ’I’\‘n-:tionl comv.fld whh the same week s year -to i LEADING BARO\(ETERS Showing Trend of Important Factors Business in Dollars (Checks Cashed) Employment (Dept. of hbor) ‘Wholesale Prices (Fisher’s ndex). . tural Prices (Bureau of Labor) ‘Movement of Goods (Car Loadings) . Retail Trade (Fed. Res. Board)..... Building Contracts (F. W. Dodge)‘ % Failures (Dun’s) = Bo:fll‘rleu 2?;'-::.1‘::0). BT Stock Prices (Com e Dow-Jon Stock Mkt. Vol. (Shares Traded). . . All righis resersed, Cambridge Aswciaies, Bosion THE SUNDAY STAR, WASHINGTON, D. C, SEPTEMBER 8, 1935—PART FIVE. FINANCIAL, G3 _ SUMMARY OF BONDS ON THE NEW YORK STOCK EXCHANGE FOR WEEK ENDING SATURDAY, SEPTEMBER 7, 1935. U. 8. GOVERNMENT BONDS. LIBERTY BONDS, High. 104 16 100 22 1011 1045 10019 4th4%s'32-38 __ TREASURY BONDS. 2%s 1955-60_ 100 7 351946-48 10222 38 1951-55 102 22 3148 1946-49 103 23 3148 1949-52. 10312 10418 31451941 __ 107 20 10224 31,5 1944-46 10418 10319 3% s 1944-46 reg. 10423 104 15 3% s°40-43 June 106 31 104 14 335 '41-43 March 1072 10328 106 12 3338 1943-47 107 3% 1946-56 109 17 108 24 110 26 48 1944-54 10228 4%48-3s°43-45 . 1057 103 24 4% s-3,5'43-45rg 1053 1136 43,81947-52 11518 101 28 104 10 104 10 105 11 1059 108 28 106 19 165 11 108 28 108 28 10729 11025 1128 106 28 106 23 n7 998 100 20 100 20 101 26 101 15 4th 41(s32-38rg 100 25 100 19 9925 1021 1022 103 103 107 13 104 19 104 23 106 25 106 26 105 28 109 8 11012 104 29 1053 11512 Net Low. clo-ea.; 100 22 100 24 100 21 100 1 10213 10217 103 18 103 6 107 16 104 21 104 23 - 106 31 106 31 1067 FEDERAL FARM MORTGAGE BONDS. 10120 99 23,5 1942-47 100 10224 100 14 3s 1947 10220 9916 3s 1949 1045 10114 3181964 . 1016 9918 99 30 . 10118 10030 10113 100 16 100 30 10212 10129 102 10 HOME OWNERS' LOAN BONDS. 1016 9620 23,51939-49 100 2 10216 9918 351952 FOREIGN BONDS. ~ 1035 — . Low. 26 Abitibi P& P 5563 9015 Akershus 3 8414 Argentine 535 '62. 90% Argentine 6s'57 A 90's Argentine 6s 90 90 90 90 90 20 a2, 98 9% 81 934 101% 97 271 14 Berlin City El 61 Brazil 6145 1926- Brazil 61%s 1927-57 Rrazil 8s 41 Bremen State 7s '35 ___ Buenos A 6561 Pv stpd Buenos A6 1Pv stpd Canada 4s Canada 5s°'52 Chile 6560 15 1013 Chile 65’61 Jan 15% 10% Chile 65’61 Febr 15% 10% Chile 65 ‘61 Sept.. 15 Chile 6s'63 14% Chile Mtg Bk 6s ‘61 1215 Chilean Mun L 7s 60 o4t Copenhazen 5s ‘52 100 Copenhagen Tel 58 '54 _ 14% Cunda’amarca 6%s '59 1074 Czechoslovakia 8s '51.. 96% Denmark 414 '62 101 Denmark 513555 105 Denmark 6s 42 104% 101t Finland 1.8 '56 190 165%: French 7135 '41 48% 38 Ger Con Ag 61485 8714 21% German 515565 47% 30% German Rep 7s 4 116% 10912 Grt Brit & Ire 513837 Italy 7s'51 = Ttaly Crd P W 7s 47T B Italy P U Credit 7s '52 Japan 51:s ‘65 Japan 6135’54 ¢ Kreug&Toll 55 '59 cfs A Milan 6%s'52 - 4% New Sou Wales 5857 __ New Sou Wales 5s 58 Nord Rwys 6138 '50 . Norway 55°'63 __ Norway 5158 "65._. Norway 6s Norway Hy El 5148 °57_.. Orient Dev 5138’58 Orient 6s°53 Paris Orl Ry 5148°68. Peru 6560 Peru 6s'61 __ Poland 7s 47 Prussia 6s " Queensland 6s"47 Queensland 7s "41 Rhinelbe Union 7s"46. Rhine Ruhr 6s . Rhine West 6s Rhine West E1 P 65’5 Rhine WE I”h B w Rome 6135 '52 - Sao Panlo State 7s 0 Saxon 7s” Saxon Pub Taiwan El 5 Toho Elec Pwr Tokio Elec Lt 6s Unit Stl Wke 615851 A Truguay 6s°60 _ & Warsaw 7s '58 Westphalia E1 P 6s alr. Yokohama 6s '61 DOMESTIC BONDS. Abram & Strs 5155’43 102% Allechany Co 5s 44 8% Alleghany Co 55 '49 Alleghany Co 55 " Allis Chalm 5537 ___ Am & For Pw 5s 2030 Am TG Chem 51:8°49_ Am Internat 5155 49 Am Roll Mill 43;s'49 105% 100% Am Sm & Ref 5s'47 104 101% Am Tel & Tel gold 45'36 109 1061 Am Tel & Tel 4128 ‘39 110% 107% Am Tel & Tel cl tr 55 '46 113% 111% Am Tel & Tel db 55 '60_. 113% 111 Am Tel & Tel 55°65 ___ 113% 111% Am Tel & Tel 53843 109% 80 Am Wat Wks 5s ‘44 26% 19% Am Writ Pap 6s '47 10412102 Armour & Co 41453 106% 103 Armour of Del 5 1061 101 A T&S Fe adj 45 " 106 101% A T&S Fe adj 4s " 11115 1067 A T&S Fe gen 4 110 1041: A T&S Fe 41548 103% 90': Atlantic C L 1st 4 9215 71% AtlanticC L 414 108% 107 Atlantic Ref deb Argentine 5§ "60 May _. Argentine 6s'60 Sept Argentine 6s ‘61 Febr_ Argentine 6s'61 May Australia 41z 6 Australia Australia 55 ° Austrian 7s '57 Belgium 6s Belgium 7s '35 Belgium 7556 _ - Berlin City El 61s'51 59 106 98 1074 119 110% 44 3914 811y 31% 397 41l 65 65% 1081 10215 11458 110% 16% 10% 104% 100% 98% 88 858, T4t 90 7% 163 1204 s 7w 178 71 126% 997 36% 221 109 1031 11034 106's 43 32 391 264 4312 32 43 317 431 31w 8TU 4012 9% 727 42y 2912 40 28 /TN 7413 951 £81; 85% T2 321 34y 63 31 80% 3213 106% 102'% 9% €45 5214 1127% 102% 105 95% Baldwin Locn 5: 40_ 1041 95% B & O 1st 109% 101 77% 54 B&OrTef5s'05 A 521 B&O5s'96 F % 521 B & O ref 552000 D 63% B& O 6s'95C 93% B&OPL E&WYV 4s°41. 86 B&OSWDIves's50 _ 75% B & O Tol C Div 45’59 _ 106% 100% Bangor & Aroos 4s'51_ 120% 118% Bell Tel (Pa) 5s '48 B._. 1265 116% Bell Tel (Pa) 5560 C 104'% 103% Beth Steel p m 5s'36 _ 115% 105% Beth Steel rf 55’42 80 59% Boston & Maine 5s '67. 110% 106% Bklyn Edison 55’49 A _ 107% 104% Bklyn Man Tr 65’68 A__ 110% 100% Bklyn Union El5s'50 _ 70% 5112 Buff R & P con 4155 '57. 51 37% Bush Term cons 58’55 _— 1055 1031% California Pack 55 '40 114% 109 Canada Nat R 438 115% 109 Canada Nat] 4125°'56 119% 108% Canada Natl 4348’57 __. 118 112 Canada Natl 55’69 July. 120% 114 Canada Natl 5569 Oct .. 125 119 Canada Nor db 6325’46 107% 103% Canada Nor db 7s'40 __ 891 81% Canadian deb 4s ‘perp._ 108% 95% Canadian Pac 4%s '60 - 1071 101% Canadian Pac 5s'54 ___ 26 13 Centof Gacon 55’45 . 97% 7T1% Cent I1l El & Gas 5s'51_ 103% 97% Cent Pac 1st rf 4s '49 1 90% 69% Central Pacific 5s '60 86% 631 Certain-teed db 5% 108% 101% Chesapeake Corp 1081 102 Chesapeake Corp s 47 1201 114% Ches & Ohio gn 4%s 92 111% 108 Ches & Ohio 4%s'93 A_. 112 108% Ches & Ohio 4%8'95 B... 113% 110% Ches & Ohio con 5= '39.. 50% 33% Chi Alton ref 3s°49 109% 106 Chi B&Q I1l Div 4s’49__ 110% 105% Chi B&Q gen 4s ‘58 1 48 44 9% Chi M St P&P 68’75 . 2% Chi M StP&P adj 552000 14% Chi& N W 4% 2037 . 14% Chi1 & N W 4182037 C_ 9 Chi&NW4a¥ks'4d 44% Chi & N W 6%s 36 10% Chi RI & Pref 4s l‘_._ 10% ChiRI& P 4%s'52 4% Chi RI & Pist41;8’60 _ 6% IOH 107% Chi Union Station 4 63_ 108% 109% 106% Chi Un Sta 435’63 107 110% 1m Chi Un Sta 58 °63 100% 92 Chi& Windcn 107 102 Chi& W dnd 5%s’63 . Low. 9912 9924 . 1013 10015 100 26 291 95 4+ R I [(REZ ARIREIRE TN ++l1 1 ++++444++ 118 +.1 -1 +.4 -3 -2 -.10 +.3 -5 .4 +.13 +. 4 Not Close. Chge. -% =% +1% 413 415 + 4+ 4 FELE P ++ =2 e F= ErprFe -4 EEERASEFeES S + & % 98 + % 106% = W | 105 103% 101% Kendall 513548 ww ___ | 1081 104% Reading 414897 A | 10474 99 Rem-Rd 518’47 A ww_. 104% 51% Childs & Co deb bs'43_. 99% 79 Chile Copper db 5547 .. 99% 113 110 Cin Union Term 5s 2020. llOl\ CCC&StL4%s"TTE Clev UnTerm 4%s’7 Clev Un Term 55’73 B__ 100 92% Clev Un Term 5%s'T2A 108% 38 Colon O1l 65°38 69 Col G &E §s'52 May. 96% 68 ColG&EGSs'61 __ 112% 110% Comel Invest 514 s 4 44% 29 Cons Coal(Ma)rf 5s°50. 108% 99 ConsGasN Y 4%;s°51_ 106% 102% Cons Gas N Y 58 '57 106% 104% Cons Gas N Y db 5% 44% 29 Cuba R R 1st5s'52 54% 37 Cuba North5%s’42_ 107% 105% Cumberland T&T 5s 94% 74% Del & Hudson rf 12 6% Den& RG W 55 " 1 5% Den & Rio G 58 55 asst. 111% 108% Det Edison ref 5s°52 110 105% Det Edison ref 5s'55 110 104% Duquesne 1st 4%s '67_ 21 102 80 T4% T4 . 104% 7% East Cuba Sug 7%s'37_ 97% Erie con 45'96_ 70 Erie gen 4s'96_ 5215 Erie ref 5s 67 52 Erieref5s'7 12% 6% Fla East Coast 58 'T4 12 5% Fla E C Ry 55’74 ctf: 95% ¥6 Gen Cable5%;s’47 -7 94 54 Gen Steel Cast 5155’49 8215 16 6% Gen Theater Eq 65°40._ 16 101'; 92'% Goodrich 65’45 . - 101% 1098, 107% Goodrich 6%s"47 108 106 103!, Goodvear Rubber 58°'57. 104% 1074 104% Grand Trunk 6s'36.____ 105 106% 1023 Grand Trunk 7s '40 - 102% 105% 96 GrtNorRrf4%s'61A_ 106 89l 63 Great Nor 4‘-','1'75]! B8Ry 100 75 GreatNor zn5%s'52B_ 995 99% 82 Great Nor gen 78 '36 98% 95 95% 87 Harlem R-PC 1st 4s'54 447 35 Hudson Coal 556 89% 25% Hudson & Man adj 55’57 90% 80 Hudson & Man rf 58'57. 90% 3 111% 107 86% 6715 6314 421 107% 108% 81y 111 Bell T 1st rf 5556 A_ 111 Cent ref 4556 11 Cent SG Inland \le!‘l 4%S T8 A __ Inter Itap Tran rf 55 ‘66 Inter Rap Tran 6s '32 Inter Rap Tran cv 7s'32 Inter R T cv 75 '32 ctfs. 4 Inter Cement 5548 ___ Inter Gr Nor adj 6s'52__ Inter Hydro El 65’44 _ Inter Mer Mgrine 6s "41. Inter Paper 58 '47T A Inter Tel & Tel 41zs" Inter Tel & Tel 4148 '52_ Inter Tel & Tel 55 °55 78% 69% Kan City South 3 741; 58 Kan City South 5s " 109 105% Kan City Ter 15t 45 '60__ 100% Kan Gas & El 4725 '80_ 109 105% Lack Stl 1st 5s '50 . 80 59 Laclede 5%s'60 D 19 7 Lautaro Nitrate 6s'54__ 50% 30% Lehigh Val con 4s 2003_ 123% 115°x Liggett & Myers 58 '51_.. 106 103!« Loew's 6s '41. 118% 112} Lorillard(P)5 G 1323, 125% Lorlllard\P)ns 46 = 76'; 58 Louisiana & Ark 5s'69 _ 114 107% Louisville G&KE 58’52 A 108"« 104'» Louisv&Nash uni 4s 40 McKesson & R 5138 '50_ Man Ry N Y con 45 '90__ Market St Ry 7840 A_ Met Edison 414 '68 Midvale St & O 5536 ___ Mil El R&L 1st rf 55 '61 Mil El R&L gn rf 55 '71 M St P&S S M con 4s 38 Mo Kan & Tex 1st 45 '90 Mo Kan & Tex adj 55 '67 Mo Kan & Tex 65 '62 A 4 Mo Pacific gen 4s'75 Mo Pacific rf 55 '65 A. Mo Pacific 5577 F_ Mo Pacific 58 'T Mo Pacific 55 '80 H. Mo Pacific 5s'81 1. Mo Pacific 514849 A __ Montana Power 5s°43___ Morris & Es 3125 2000__ Morris & Es 4138 '55 10113 93% 76 50 92 63 1084 957 10314 102 100% 771 100 76% 37 895 3% 107 9513 96% 893, 831 62% 50% 105 102'5 1008 99 105% 102% 106 94 831 5515 834 Nassau El cn gtd 4s'51_ Nat Dairy Prod 5 s '48. Nat Dist Prod 414 '45__ Nat Steel 45’65 New JersP &L 4 New Orl P S 58 New Orl P S 55°55 B New Orl T & M 5358 '54_ N Y Cent 3158 '97 4 N Y Central con 4598 _ N Y Cent ret 438 2013.. ‘60 ' Cent conv 6s '44 Y Chi&St L 41,8'78__ ¥ C&StLTE 5% T4 A ¥ Chi&St L 1st 6535 Y Edison 5544 B __. ¥ Edison rf s:,s 41 F NH& H 4s ", H&H 415 1 H & H clt 6540 NH&H6s'48 61 40 Ont&W ref 4592 _. 111% 109 N Y Tel gen 4735°39 _ _ 32 1714 NY W& B gen 4135 '46_ 9415 624 Niag Sh Md 5138°50 __ 117 1104 Norf & W 1st cn 45 '96 _ 10313 81% North Am Co 5s'61 100% 71'4 North Am Ed 5569 C 103 7813 North Am Ed 5%s'63_ 767 70% North Pacific 35 2047 107 101 ~ North Pacific 45 °97 897 4% 2047 102% 88y North Pacific 652047 __ 108 103 North St P1st5s'41A . 109% 10.’)‘& 1144w lll’q 30u 16 45 27'5 63 40'3 52 30 106 101 100 69% Oreg Wash RR&N 4s'61. 104 Otis Steel 1st 5841 A__. 99 105% Pacific Gas & El 5s '42 _ 58% Para-Fam-Lasky 6s'47. 106 106 59 Para-Fam-L6s ‘47 ctfs 106 108 69'% Paramount-Pub 512s'50 108 107% B8% Para-Pub 538’50 ctfs._ 107% 107 100% Penn R R 41,s'81 1044 106% 99% Penn RR4%s'84 E 104 109% 104% Penn R R gen 41258 '65__ 107% 97% 90% Penn R R 4'&0 70 D.. 1078 104% Penn R R 43563 108 105 PennR R 5s’'64 115% 109 Penn'R R gen 5s '68_ 106 102': Penn R R 612 106% 98% Penn Pw & Lt 4135 '81 . 10714 98% Peoples GL&C rf 55 '47. 107 101'% 79'% Philadelphia Co 5s'67_. 100'¢ 108% 104% Phila Elec Co 4s 'T1 105% 76 52% Phila& RC & Ir5s 60'y 537% 30'3 Phila&Read C&1 6s'49 . 40% 104 1013 Phillips Petrol 514s°39_ 1025 80 50% Port Gen Elec 4%;8'60__ 7' 524% 25% Postal Tel & Ca 5553, 99 82% Purity Bak 5s'48 _ 10614 1005 961 Reading Jersey C4s'51_ 9714 --- 10613 1 17% 141 0% 541% St LI M&S R&G 458733 9% StL&SF 48’50 A_ % St L&SF 41878 74% San A&A Pass 4s 43 _ 11% 415 Seaboard A L 6s 45 103% 98% Skelly Oil 53,539 . 110 107 South Bell T&T 5s” 3% 60 South Pac col 4549 89 South Pac ref 4s'55 5614 South Pac 4%s'68 55% South Pac 41 56 South Pac 4%s'81 731 South Pac Orez 418 '77. 864 991 So Pac San Fr T 4s'50 _ 106 28 Southern Ry gen 4s'56 2 41y 77 Southern Ry bs 94 84 35% Southern Ry gn 6s°56 35% Southern Ry 6128 '56 __ 111 107 Souwst Bell Tel 55'54 A 109% 1041 101% Stand OiI N Y 4% 53 39 Studebaker Ccv 6s'45.. 104% 101% Swift & Co 1st 3% s'50_. 103% 104 90 Tenn El Pw 104% 102% Texas Corp cv 5s "44_ 94 79 Texas& Pacis'l7TB.. 627 984 110 3% 1047 102% 10415 86 97% 964 0% 41 331, 85 10814 73% 50 104% 81, 71 a1y 90 : 103 813 481, sx 106 99t 105% 110 93% 79% Texas & Pac 5s 79 C. 931 7915 Texas & Pac 55’80 D_ 69 50% Third Ave 1st rf 4s°60.. 26% 18% Third Aveadj in 5560 113% 107% Union Pacific 1st 104% 99% Union Pacific 4s '68 1 108% 104% Union Pac 1st rf 4s 2008 95 87 United Drug bs 53 90% U S Rubber 58 47 66 UtahL&T5s'44 A 93% 69% Utah Pw & Lt 5s'44 63 20% Util Power 58 '49 w ‘“ 2‘% Util Power 53%s "47 Vanadium cv 5841 fll IIM Virginia Ry 1st bs 98% 92 Net | — 1935 . Low. Close, Chse. | “High. Low. 6415 +1% 5% D+ FEZELEF = 3 -2 140% | Cotton and Fruit Help to Keep | index standing at 54. | excluded the index stands at 37, the | figure recorded for each of the two | that of the base period, 1909-1914. | Items on the fruit list showing the | 89% Wabash 1st 5s '39 57% w.buh 2nd 58°39, 12 5876 B 12% v\ h 5348 75 364 Walworth 6s '45 48% Warner Bros cv 6s '3 31 Warren Bros cv 6s°41_ 7415 West Shore 1st 4s 2361_. 8713 Western Md 1st 45 '52_ 96 Western Md 5%;s°77_. (Continued From Page 2.) o~ 1935 = tock and High. Low. Stocks and dlvldendl 75% 603 Sun Ofl (+1) __ 121 115! Sun Oil pf (6) 25 11 Superheater (50c).. 1% Superior Ofl 19% 14% Swift & Co (150e) - 2% 1% Symington (A)(d). x1 28% Texas Gulf Sul (2). 14 Texas& PacRR _. 3% Tex Pac Coal & Oil_ 8% Tex Pac Land Trust 13% Thatcher (1) _____. 50 Tnatcher M pf( 5% The Fair _ 2's Thermoid Co 2 Third Avenue 16 Third Nat In (a%e) 5's Thomp'n(JR)(50c) 13% Thompson Products 1% Thompson Starrett. 75 Tide Wat Asso Oil .. 84 Tide Wat A O pf(6) 26% Tide Wat O (aélc) - 4%, Timken-Detroft ___ 28% Timken R B (t1) 47 Transamerica (30 T Trans & Westn Air. 55 Transue&Willlams. 17 Tri-Cont) Corp 69 Tri-Contl Cor pf(6) 4% Truax-Tra Coal ._. 3'3 Truscon Steel - 13 20th Century Fox.__ 25 20th Century Fox pf 2% TwinCity RT. .. 18 Twin City R T pf 1'4 Ulen & Co _ 10 53% Und-Ell-Fisher (2). 8 29 Union Bag&Pap (2) 63 44 UnCarb&C (1.60) x 207 14% Un Oilof Cal (1) ... 50 825 Un Pacific (6) .. ... x 79 79'; Un Pacificpf (4) . x 7 2 207 Un Tank Car (1.20). 7 9% United Afrcraft____ 300 4': United Air Line vte 293 7 United Am Bosch__. 2 20% United Bisc (1.60).. 35 46 Inited Carbon 2.40.. ited Corp "01. United Corp pf (3)- 8% United Drug 4': United Dyewood _ 49 65 United Dyew pf (7) 360- 314 United Elec Coal.. 28 65 United Fruit (3) .. 914 United Gas Imp ( 87!z United Gas 1 pf (5) % U S Distributing 5 U S Distributing pf 5908 4'; U S & For'n Secur 81 65'% US & F S 1st pf (6) 2 11 USFreight (1) .. 40’ U S Gypsum (t1) 5 USHoffman.._ 35'% U S Ind Alcohol (2) 3'x U S Leather vtc . T3 U S Leather A vte_. 53 US Leath pr pf v 14% U S Pipe & F (50¢) . 19% U S P&F 1st pf 1.20. 3 U S Realty & Imp. 9'3 U S Rubber 24'3 U S Rubber 1st pf__ 95 USSmelt&R (af) 6273 USSm&R ptf (3%) 2715 U S Steel_ 73% U 8 Steel p 119% U € Tobaeco (t5 g 17 7 lmh Low. Close. Chge. 9 s 66 3 133% —1035 — . Lo, Chosk. Chee | SN 1o %+ % 6% 3% 22% +1 +2 +1% 99% B2 Western Union 4%s ‘50 105% 101% Western Union 5s'38___ 82 Western Union 58 '51 80 Western Union 5s'60 100 Western Union 6% 100 100 103 = +1% 99% 89% Youngstown Stlus'70B 99 89% Youngstown St16s'73 A 99 + %l 99 ~=1935 — High. Low. T 654 663, 40 2% 19% &% 1 Net 67% +2% 1181 llSh 3 + 51 91 114~ 1% 1% 2819 2% 14% % 215 T 20% 4 101% 90 Wheeling Stl4%s'53___ 106 100% Wheeling St15%s 48 A_ 104% 103% 110% 107% Wilsor & Co 1st 6s '41__ 107% 107% Stock and Stocks and dividends, 3% United Stores (A) 67 46 United Storespf___. 3 Untv Leat Tob (+2) 29 Univ Pic 1st pfd . 1 Univ Pipe & Rad_ 51 9% Univ Pipe & Rad pf. 560s Ut Pw & Lt (&) _. Net. High. Low. Clou Chge. 99 98% 98y 106% 104% 1047 - 100 99% 100 - 9915 98y 9914 %S '36. 102% 102% 102% 101% 100% 101% 104 107% 8% 98% bl ) l++lo«r|| 7% 9T 44 & & Bales— Net High. Low. Close. Chge 6 bly 624 60% 22 6313 62 308 42 1 Vadsco Sales Corp.. 8 11% Vanadium Corp .. 11% Van Raalte (a25¢)... Van Ral 1st pf (7). 4 34 Vick Chem (t2) 4 2% Va-Car Chemical___ 17'3 Va-Car Chem 6% pt 85 Va-CrCh71%pf(1). & 721; Va E1 & Pw pf (6)__ 3 63! Vulcan Detin (a4)._ 116% 109'% Vulcan Detin pf (7) 85 8 €0s 135 104 908 308 508 abash (d) 3 1% Wabash pf A (d). 4 4's Waldorf Sys (50e 26% Walgreen Co (1. Walgreen pf (6% )._. Walworth Co . 9 Ward Baking (A) 2 Ward Baking (B) _ Ward Baking pf (2) 3 Warner Bros Pie Warner Bros Ple pf 2050s Warner-Quinlan. 2 Warren Bros Warren Broscv pf_. 2 Warren Fdy&P (2)._ Webster Eisenlohr_ 14 39 31% 30s 118'; 11815 12 1041 55 108 4 - 1508 7% Wesson O&S pf (4). 8 West Pa Elec (T)A_ West Pa Elec pt (7) West Pa Elec pf (6) 2608 508 2208 West Pa Pwr pf (6) 2 West Pa Pwr pt (7) Westn Dairy B vte. Western Maryland_ Western Md zd pf Western Pacific (d) Western Pac pf (d) T3% 26 6%y 76 3815 284, 843 18 13 5% 4 cash declarations. s Unit of !rld!nr less than 100 shares. cc lus extra. 3 Ace ast year d Com| 133 | reorganized. 133 es TEx dividend. Western Union West'gh'se A B G0e Westinghse El a50c West'h'se 1st pf 333 Weston Elec Inst___ Westvaco Chi “40¢) Wheel & Lake Erie Wheel & Lake E pf_ Wheeling Steel Wheel Stl pf(:13z) White Motor White Rk M S(1.40) White Sewing Mch_ White Sew Mch pf._ Wilcox Oil & Gas Wilson & Co ¢ Wilson & Co p: Woolworth (2.40)__ Worthington Pump Worth Pump pf A Worth Pump pf B_. Wright Aero.__ Wrigley W ir (13)_. 6). 17% Yale & Towne (60c) 2% Yellow Truck.._._. 31'; Yellow Truck pf Young Spr& W (2). Youngstown S & T 38'; Youngst'wn S&T pf —_— 1% Zenith Radio_ 2% Zonite Product; Dividend rates as given in the anove table ar Payments based on the latest QUarierls oF helfitaily 21 228 half-yearly + Annual rate— a Paid this year. b Paid reported in receivershid or being ted dividends FARM EXPORTS STAY AT BOTTOM LEVELS Indext From Further Decline. By the Associated Press. July continued the low level of | American agricultural exports, the | If cotton is preceding months ana also the small- est on record for this grouping. Fruit exports, at 512, continue as | the only commodity group enjoying a | movement as large as, or larger than, | most conspicuous increase over last year's figures are oranges, prunes and grapefruit, The July index of cotton exports, at 84, was the smallest since July, | 1931. All of the decrease appears in exports to the Orient, particularly to China. The restricted exports of grains and grain products resulted in | a July index of 17, the smallest for any July on record. Exports of cured pork made a record low for July. By the Associated Press. NEW YORK, September 7.—Favor- able dividend changes in the past week totaled 21, against 34 in the pre- vious week, according to the Standard Statistics Co. of New York. Unfav- orable changes numbered 4, the same as the week before. Details of divi- dend changes in past week: Favorable. Increased—General Electric, Borg- ‘Warner: Mount Diablo Oil, Mining & Developing, Ohio Service Holding $5 non-cumulative preferred, L. A. Young | Spring & Wire, American Agricultural “ Chemical, Sunshine Mining, Hercules Motors. Resumed—Aluminum Industries, L. | C. Smith & Corona Typewriters 7| per cent preferred. Extra—William Filene’s & Sons, Marine Midland Trust Co. (N. Y.), Homestake Mining, Acme Steel, De- voe & Raynolds Class A, Devoe & Raynolds Class B, Glidden, Taylor Mining. Initial—Western Light & Telephone 7 per cent preferred, Root Petroleum, Orange & Rockland Electric 5 per cent preferred. Unfavorable. - Reduced—Bankers Trust Co. (N. Y.), Central Hanover Bank & Trust Co. (N. Y.). Passed—First Commonstocks Corp., Canadian Canners converted pre- ferred. LOANS AT 59% R Pt Soass m I o '3'%'-1 commis- sions. Tyler and Rutherford, Inc. 1520 “K” 8t. N.W. Natl 0475 MASSACHUSETTS INVESTORS” TRUST Prospectus Will be Sent on Request A. S. GovLDEN & Co., IN Natl. 3000 BOND AVERAGES 10 _10 Ratle. tndu Net change. + 4 Ugrs 5:2 ’o-r—nz Yesterday .. 835 989 984 682 Prev. day... 83.1 989 984 68.4 Month ago.. 822 989 97.7 687 Year ago. 819 876 842 633 1935 high___ 87.8 99.1 98.6 70.4 1935 low 764 922 845 655 1934 high. 89.4 929 889 70.0 1934 low.. 745 73.7 682 60.2 1932 low.... 458 400 64.6 42.2 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Yesterday. 109.9 Prev. day. 109.7 Montn ago 109.8 Year ago. 106.0 1935 high 110.7 1935 low.. 107.9 1934 high 108.3 1928 high 1044 1932 low.. 86. (Compiled by the Assoclated Press.) NEW YORK BANK STOCKS ORK. September 7 (#.—New York Becursiy Desters’ Association: Bank of erhl“ln (1'3) Bankers Mtue 20,0 (l}rouk]llyn TBrub(‘ltr:I e, Han, (5128 Chase Netional (140) -0 Chem. Bk & Tr. (LK) Commercnl (R t. Bk. New York Iull 5= Publie_(1 Title G. l T Uml;d ‘Bldltzs Tr. CORPORATION mnfimcs NEW YORK. September 7 () —Corpora. tion earning statements reported durin 2)_2 1835 50 far this year. 1885, the week, reduced to a per-share basis, | | included: Six Months Ended June 30. Cocoa-Cola_Co Diemond Matcl Inc. 5. Distributing Corp. - Burroughs _Adding Mach Year E| Gold Dunl Corp Lake Shore Mines. Ltd __ Virginia-Cazo. Chemical Ended July : American W W& Blers United Gas Corp__ o Freterred, oo preferred. _____ 1st MORTGAGE LOANS! Avplication for econservative first Robert W Savage 807 Union Trust Bld. 3630 OIL OFFICIALS NAMED. NEW YORK, September 7 (Spe- | cial) —A. S. Pawling has been ap- | pointed manager of the newly formed merchandising department of the Standard Oil Co. of New Jersey, and its domestic affiliates, according to an announcement made today by R. T. Haslam, general sales manager, who also announced the appointment of |A. R. Martin as manager of the per- | sonnel and training department Sersseeesresteesssrones $ FIRST and SECOND TRUST REAL ESTATE LOANS D.C. MD. VA. 51/, interest Short-Term Collateral Notes Bought and_ Sol NATHAN LEVIN ¢ 386 Southern Bldg. Natl. fassmassasdnasnta tes0s000ee 9647 First Mortgage Notes 60/0 Interest Secured on homes in the District of Columbia. Wm. H. Saunders Co., Inc. 1519 K St. N.W. Dist. 1015 MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5157 Interest FIRST DEED OF TRUST ONLY GEORGEI. BORGER Suceessor _to the business of JAMES F. SHEA 643 Ind. Ave. N.W. COMPLETE INVESTMENT SERVICE U. S. GOVERNMENT AND ALL BONDS Bank: and Insurance Stecks Listed ‘and Unlisted Securities ROBERT C. JONES & CO. Shareham: By ME zore THERE ARE SO MANY ADVANTAGES accompanying our investment in FIRST MORTGAGES Forty Years of Experience First Mortgage Investments PROPERTY that you will find them satis- factory employment for your surplus funds—$250 or more. B. F. SAUL CO. REAL ESTATE National 2100 925 15¢h St. N.W. MANAGEMENT