Evening Star Newspaper, September 18, 1935, Page 19

FINANCIAL. FINANCIAL. SEPTEMBER 18, 1935. THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, U. 5. BONDS LOSE ORTION OF GAINS Secondary Groups Follow Stocks Upward—Many Rails Improve. BOND AVERAGES Net change. +.3 +.3 Today, close 83.3 *99.6 Prev. day.. 830 993 Month ago. 82.7 99.0 Year ago... 69.6 86.4 1935 high.. 87.6 99.6 764 922 894 929 4.5 73.7 458 400 . 101.1 98910291005 10 Low-Yield Bonds: Close ... 110.0 Prev.day 109.9 Month ago 109.4 Year ago. 105.3 1935 high 110.7 1935 lew.. 107.9 1934 high 108.3 1934 low.. 99.1 1928 high 1044 1932low.. 86.8 *New 1935 high. (Complled by the Associated Press.) By the Associated Press. NEW YORK, September 18—The bond market showed general firmness &t the close today. United States| Governments slid back a little after Tegistering gains ranging up to !z of a point. The final range of Federals | was 4-32 of a point lower to 9-32 higher. Secondary classifications were in demand and followed the upward trend of stocks. The rail group showed numerous gains Amcng the substantial gainers were foans of Gulf, Mobile & Northern; Gulf States Steel. New Orleans Great Northern, Murray Body. ©Ohio, American & Foreign Power and International Paper. Italian Bonds featured a general Kteady foreign list. The Government 7s lead the movement with a rise of more than 4 points. INSURED MORTGAGES OF F. H. A. ARE OFFERED By the Assoclated Press. NEW YORK, September 18.—The first public offering of insured mort- gages of the Federal Housing Admin- | istration was made today in the | amount of $1,250,000. The mortgages, priced to yield from 4'. to 5 per cent, are secured by propemes located in eight States. COMMODITY PRICES NEW_YORK_ September 18.—The A Press wholes Previous day month ago. 5148 Vear ago, G859, Range of recent yea: Baltimore & | BONDS ON N. Y. STOCK EXCHANGE Hign. Low. Close. nymmmumw Approximate 'rnn-euou Today. U. 8. Gov't Bonds...... $3,030,000 Foreign Bonds _——eee.. 1,610,000 Domestic BOndscceee. 7,420,000 LIBERTY. High. Low. Close. 4th 4% s 33-38 rg. 100 13 10010 10012 4th 43451933-38 10010 10010 10010 TREASURY. 2%,51945-47___..1004 100 1004 27%81966-60cma. 9916 998 9910 35 1946-48_ .-10123 10113 10121 35195165 . auan 10124 10120 10122 3148 1946-49 ... 10224 10214 10220 3148 1949-562 . 10224 10214 10215 3%s 1941 1076 107 107 33,8 1944~ 1| .-- 10329 103 22 10327 3% s 1940-43 June 106 16 10610 10610 395 1941-43 Mar 10624 10616 10620 3%s1943-47 . .. 10512 1066 1056 3% s 1943-47 reg- 1056 1056 1066 3% 8 1946-56 10819 1088 1088 3%s 1946-56 reg_ 1087 1087 1087 48 1944-54 109 28 10924 10928 4148-3%81943-45 1048 1044 1046 43,51947-52.___. 11414 1149 11412 FEDERAL FARM MORTGAGE. 1009 1006 1009 .1006 100 1001 HOME OWNERS' LOAN. - 2 1939-49 - 99 9816 982 3:‘1‘952 -e 1003 9926 9928 FOREIGN BONDS. 32 95Y% Abitibl Pa&Pw 5863 | Akershus 58 '63 Argentine 5%s 62 Argentine 6s°57 A Argentine | Argentine 6 Argentine 6s ‘69 Oct - Argentine 6s ‘60 May | Argentine 6s ‘60 Sept Argentine 6s 60 Oct_ Argentine 6s ‘61 Febr Australia 4345 ‘56 | Australia 5855 ! Australia 58 ‘67 | Austrian 78 57 - | Batavia Petr 433542 | Belgium 6s 50 | Belgium 634s 49 | Belgium 7s " | Beigium 7s ‘56 Bergen City 5s '60 Berlin 614s ' Bolivia 78 '69_. { Bolivia 8547 | Brazil 6448 '26-'57 Brazil 6%s '27 { Brazil 7s 52 | Brazil 8s '41 | Bremen St 7s Brisbane 55 ‘58 Buenos A 6s ‘61 st Pv 6 BuenosA6}%s'61stPv. 603 Buenos A C 613855 924 | Canada 4s ‘60 103 Canada 4%2s 36 1011y Canuoa bs '52 | Cauca Valley 712846 Chile 65 60 Chile 6s 61 Jan_ Chile 6s 61 Febr_ | Chile 65 61 Sept. | Chile 65 == Chile 7s 42 | Chile Mg Bk 6561 Chile Mtg Bk ¢s Chile Mtg Bk 61557, Chile Mtg Bk #3861 Chilean Mun L 7s 60 Cologne 65 '50 Colombia 6s ‘61 Jan Colombia 65 '61 Uct Copenhagen 4335 53_ Copenhagen 68 52 .. Cordoba 7s ‘57 stpd_. 2 101 10 13 14 1414 14 bR 13 13 135 ll 27 b 84 88 45 i | Costa Rica 75 '61 A Et erage equals 100.) Miscellaneous Markets. Additional New York markets as com- piled by the Associated Press VO “Futures. New York. closed inchanged to 10 lower ‘mber, TURTS. 00 FebIUArS, BOB: March: Bafitos No. 4. 5} ferings _included S: . Septe March, 5.20: July. 5.4 steady: sales 9.000 Decomber, ' K.04n v R oT: dulv R.04n Waw “HIDES Fitires closed easy. lower: " December. _11.10;, Mareh, s, 2.030.000 E¥UDE. RUBBER—Putures closed auiet. € to 14 higher: sales. No. 1. standard. 149 September ' 11.28: October, January. 11.60n: July, 12.01; closed _steady. Septem- Sentember, March, & es closed steady. = 440 bales. October, 3 801" December, 1A% January. Open_ market auotations basis) seriplane | Japanese special :rack “double e AT erame 1] . b—Bid. n— ommzl NEW YORK BANK STOCKS YORK. September 18 (. —New S Bacolls Deslei Asinsiation: 1Quotations as of 2 o'clock.) Bank of Man (1'3) (100} Guaranty Tr (1 Irving Tr (.60) Manufacturers T * 18g &—Declared United St Tr (70a) - a—Including _extras. Paid so far this year. FEDERAL LAND BANKS NEW YORK. September 18 (¥,.—Fed- | eral Land Bank bonds (Quotations as of Maturity, n. 19 2 o' l Rate. 3 |Ill - 100% 18112b | May coupon on. | Cuba a5 04-" Cuba 5s'14 | | Cuba 5348 45_ | Cuba 63553 | Cund'amarca 6%s 59 | Denmark 43s ‘6. | Denmark 5%s '5 Denmark 6s 42 Dominic 2d 538 4 Estonia s ‘67 ... Finland 65 45 - - ceeee | Finland 6% '56 * | Frencn Gov T%s'41- Ger C Bk A 6338 Ger C Bk A68'60 July Ger C Bk A 68 '60 Oct Ger Gen El 65 '48._. Ger Gov 5%8 65 | Ger Rep 78 '49 Grt Br& Ir4s's0____ | Grt Bré& Ir6%s 37 _ Grt C El Jap 6%s ‘50 Grt CEl Jap 7s 44 Greek Gov 6s ‘68 Hung Con M 7 unmat coupon on. | Italy 1861 Ital Crd P W 7s 47 B. ! Ital P U Crd 7852 | Japan 5148 ns Japan 6% Karstadt 65’ 4: | Met Water 538 Mex 63 '33 1ge Mlian 6%s New So Wales 58" Nord Ry 6%s 50 Nor Ger Lloyd 6s'47. Norway 5563 Norway 528 Norway 6s 4 Norway 6s 44 | Norway 6852 Oriental Dev 6853 __ Oslo 638 '55 | Panama 5s'63 { Panama 55'63 stp asd Panama 5%8 53 . Paris Orl Ry 5% 1008 100! 34 97! 0 85% 96 101% 94 105 105} 102% 174 174% 30 110 1081, 90 94 25% 30 46 85 987 153% | Pernam 7s ‘47 Sept coupon oft. or | | Prussia 6s 52 | Prussia 6%s '61- | Queensiand 6s *47_. | Queensland 7s "41. | Rhein-Rhur 6s ‘61 Rhiuelbe Un 7s " i Rhine W E1P 78 '50_. Riode Jan 648 63 Aug coupon off __ { Rio Gr do Sul 6s 68 U. 5. TREASURY NOTES. (Reported by Cnas. D. Barney & Co.) Rate—Maturity Mar. MONTREAL SILVER. MONTREAL. September 18 (#.—Silver futures closed firm. 4 to 70 higher. Sales. 4 contracts. Bales. % December . 1 March I—Blfl Close. FREIGHT LOADINGS. NEW YORK. Scptember 18 (7 —Reve- | mue freight carloadings on railroads re- porting today for week ended September 14 included: chk Pl’!vioklu ew York Central un m\fl ennsylvania folk & Wi est_ OIL EQUIPMENT ORDERED. NEW YORK, September 18 (P)— A. O. Smith Corp. of Milwaukee re- ports orders for oil refinery equip- ment requiring more than 2,100 tons of steel. e LEAD PRICE BOOSTED. NEW YORK, September 18 (#).— St. Joseph Lead Co. has advanced the price of lead $1 a ton to the ‘basis of 4.45 cents a pound New York and 4.25 cents a pound East St. Louis, it was announced today. N | Am [nt) 638’49 June coupon off Rlo Gr do Sul 8s 46 April coupon off._. Rome 6%s 52 ___. Rumania 7s ‘59 Aug coupon oft Santa F Arg 7s'52 Sao Paulo St 6s ‘ll July coupon oft | Sao Paulo St 7s "40 Sao Paulo St 7s ‘66 Sept coupon off. Saxon Pb W 7845 Serbs 7s ‘62 unm ¢ on Shin'su E1 P 6148 '52. Sydney 5%8 56 z Taiwan Elec 6%s Toho El Pw 78 '55___. Tokio 5% Tokio El Lt 6853 Ujigawa E P 78 '45.... Uruguay 6s ‘60 Uruguay Uruguay 46 Westphal El1 P DOMESTIC BONDS. Alb Per W P 6s 48 42% 42% Alb Per WP 6s'48ww. 44% 4413 Ala Grt Sou 4s '43___. 100% 100% Alleg Corp 68 TT% T6% 6™ 67% 25 26 18 18 10815 108% 96 95% Alleg Valley Allted Stor Allis Chalm | Am Beet Sug cv 68’40 Am & For Pw bs 2030 Am1GChb5%s 49 _ 70% 70 99% 99 99 115% 114% 115 Am Roll Mill 4%8°'49 Am Smelt & R 68 109 108% 109 112% 112 Am Type Fd Am Wat Wk Am Wat Wk Am Writ Pap 6s 47._ Am Writ P 6s 47 cfs. 106% 105% 106 26 25 25 25 26 25 Arm'r(Del)1st 48’556 93% 92% 93 A T&S Fe ad s '95 st A T&S Fe gn 4 107% 107 110% 110 110 Low. Clese. 32 108% 2414 654 | 61% 524 85% | 101% 101% 101% 103% 103% 103% T0% 112% 111% 112% 100% 100% 100% 102% 102% 102% 109% 109% 109% 112% 111% 112% 112% 113% 112% 113% 50% 49% 50% 91% 91k 91% 18% 17% 18% 103% 103% 103 108 102% 1024 109% 108% 108% 107% At] & Char AL 6s"44_. Atl Coast L 1st AtICLun ¢%s Atlantic&D 1st 1stbs 48 ... ref 58°95 A B & O Swn bs '60 Bang&Aroos 4s ‘51 Bang&Aroos Bell T of Pa 65’48 B. Bell T of Pa 5860 C Beneficial L 65 '46 Beth Steel 414560 sf_ Beth Stl p m 65 '36 _ Beth St rf db 6s '42._. Bot Con M 6%s " u Bklyn Edis 5s'¢9 A. Bklyn Edis 6562 B_ Bklyn M T 68 49 A Bklyn M T 63 '68 A. Bklyn Un EI 68 '60 Bklyn Un Gas 6s '50.. Bklyn Un G rf 65 °47_ Bruns & West 45°38_. Buff GE43s'81B _ Buff R&P con 4%s '57 Bush Term cn 5s ‘65... Bush T Bldg 68 ‘60 By-Prod Ck 6%s '45_. Calif Packing b5 40._. Camag § 7s "42 ctfs. Can'dian Nt R4 1, Can'dian Nt R43;8'56 Candian Nt R4%48'67 Can'dian Nt R4 % s'55 Can’dian Nt5s'69July Can'dian Nt 58’69 Oct Can’dian Nt R 557 Can’dian N db6%; 8’46 Can’dian Nr db 7s ‘40 Can’dian Pc db4sperp Can'dian Pc 4138 46 Can'dian Pc ¢%s ‘60 Can'dian Pc 53’44 cfs Can'dian Pc s '54 Cent Dis Tel 55 43 Cent of Ga 55 '59 C Cent 111 E & G 5s '51 Cent of N J gen 55 '87 Cent Pac Ist rf 48" Cent Pac 5560 _ Cent Steel 8s 41 Cert'd deb 548 48 _ Chesap Corp 55 '47 C & O gen 4%s5'92_ C&O4%s'93A_____ C&O04%3'95 B _en | C & O con 55 '39 * i 213 | Chi & Alt ref 3s 4! Ch) B & Q gen 4s 58_. ChiB&Q 4%s 77_ Chi B&Q ref §5 71 Chi B&Q 1 dv 3%s°49 2 102% Chi B & Q I div 45°49 2| ChiGL&C5s 37 __ ChiGrt W 4s'59 __ Chi I & L gen 53 '66__ Chi 1 & Liref 6s'47 4| Chil & L gen 65 66 + | Chi Ind & So 43 '56 | CM&StP 45 89 CM&S!P 68'76__ CMStP&P ad) 68 2000 14% | Ch1 & NW gn 45 '87__ | Chy & NW 435 49___ \(‘m&x\\ 4% s'87___ *hi & NW gn b3 ‘87 Chi & NW rf bs 2037 | C&NW Nr W 61353 | Chi R 1&Prf 4534 _ Chi R 1&P gn 45 '88 CR I&P 4%s 52 CR I&P 4155 ‘52 ctfs | Chi T H&S 1st 55 '60. {Chi T H&S inc 5s 60 . | Ch Un Sta 4863 Chi Un Sta 4355’63 A .| Chi Un Sta 6s 44 «| Ch1& W Lcon 4s ‘52 | Ch1& W 16%s 6 5 | Childs & Co 58 "4 | Chile Cop deb 6s 47__ |CinGas Kl 4s 68A _ | CCC&StL rf 433 8'T7E 4 | CCC&StL rf 65 '63 D CCC&StL rf 6s 41C Clev Short L ¢ % | Cle . Un Ter 6s 13 B_ 102% | Clev Un Ter 61;8'72A * | Colon Oil 6838 37% | Colo Fuel & Ir 5s 43 { Colo L cltrbs 34_. |Co1&<ou 580 . | Columbia G & K deb 5552 April 36% | Columble G & E 2| 58’52 May Columbia GLE 65761 Col R P& L5%%s'42 Con Coal Md rf 6s 50 “ | Con Coal Md 6s'50 cfs | Con Gas N ¥ 4355 '51 Con Gas N Y 6557 [ConG N Ydbblas'4b | Container deb 5s 43 | Crown C& S 63 47 Cuba R R 1st 58’52 Cuba R R 6536 _ Cuba R Rref %336 Cuba Nor RR 6348 '42 Del & Hud ref 4s 43 Del & Hud 5%s 37 Y Den& RGen 4 ¢|Den& RGrf 5878 Den&RGW 58’65 asst Det Edison rf 53 '49 Det Edison rt 5. Det Edison 5s Dul S S & At 68 '37-. Duqu Lt 4%s'57 B Duqu Lt 1st 4%s East Cuba S 738 '37_ Erfecv 45'53 A. Erie 45 96 Erie gen 4s '96_, Erie ref 55 '67 Erteref 5s 76 e Erie Gen Riv 6s'57 Fed Lt & Tr Int 5 '42 Fed Lt & Tr 65 '42__ Fla EC Ry 68'7¢ Fla ECRy 58'74 cfs. Fran Sug 7%s'42 Gen Cable 5% 5 '47 Gen Steel C 5328 '49_. Gen Thea Eq 65 '40 _. Gen Th Eq 6s 40 cfs_ Ga Mid Ry 1st 3s'46_ Goodrich 6s 45 Goodrich 6%s '47 Goody'r T&R 6s '’ Gould Coup 6s "40 Gr Tr'k of Can 6 Gr Tr'k of Can 78 '40 Gt N Rref 4%s GUN R gen 4%s GtNRgen 4%8'17TE GtNRb6%s'52B ___ Gt N R gen 6s'73 C. Gt N R gen 75’36 A 36 2| Green Bay 6362 B_. Gulf M & N 6s ‘50 Gulf M & N5%850_. Gulf Sta Stl 5%s 42 Har Ry-P C 1st 4854 Hoe Val 4%4s°99 Houston Oi1 6%s "40. Hudson Coal 58°62 Hud & Man inc bs '67. Hud & Man ref 7 111 Bell Tel 68 56 111 Cent col tr 4s 63 111 Cent ref 4s ‘65 111 Cent 4% s 111 C Cairo B: 111 Cent Omaha ICC&StL NO ¢ ICC&St L NO L In:and Stl 43 Int R T 1st rf 68 "66. IntR T 6s'32 Int RT 6s'32 ctfs IntRT7833 ..o IntRT 78’32 ctfs. .. interlake 63 51 _. Int Cement 5s '48 Int Grt Nr 6 Int Gt Nor 6 Int Gt Nor adj Int Hydro E} Int Mer Mar 5 Int Rysof C A 6s a1 IDtT&Tcv 43839 IntT&T4%s'53... IntT&T 6s 'S8 Inv Equity 6: James F & C 4: KanCFS&M Kan CFS&Mrf4s'36ct KanC P& L 4%s 61 Kan C Sou rf in bs 60 Kan C Ter 1st s ‘60 KanG & B4%s'80... Keith 6346 Kings County Elev LT L . 104 92 8% 34% 26% 42% C 100% 60 ll)l High. Low. 104 92% 92 9 10T% T4% 107% 73% 72% 2% 82 9914 9714, 98 10475 1043 109% 109% 118 118% 12315 1231 1 111 9915 99% 103% 103% 113% 72 34% 15% 108% 107% 10415 1064 108 6 104% 1261 102% % 1054 105 104% 107% % 108 1097 1097 118 103% 8414 1011 99 1105 103 * 108" 98, 9413 95 | 10174 1017 n] 1017 102 o 888 1211 9014 107 116 109 1083, 11 | 44 106% ‘ 105 X9 10714 116 1095 1085 111 44 1063 1054, 106% 106' 10974 1094 1037, 103% 3 1081y 106 Klnu S;unty El&Pw %8s '60 D LE& Wn 1st 68’37 Lake S&M So 33%s 97 Lautaro Nitr 6s '54__ Leh Val Coal 5s ‘64 Leh Val Coal 63 '74 _. Leh V Pa con 4s 2003 L V Pa con 4%s 2003 Leh V RR con bs 2003 Ligg & Myr 68’61 Ligg & Myr 7s "44 Loew's 6s "41 Long Isl ref Lorrillard L&Nrf5%s 2003 McKess & R 5%8 50 Manhat R 48 '90 ct 8- Marion St Sh 6s 47 Market St Ry 7840 A Mead Co 6s "45_ Met W S E1Ch 4538 Mich Cent 45’40 Midvale S&0 65 '36 MilER &S L6861 Mil E R&S L rf 58" Mii Spa & N W 4s '47 MStP&SSM en 4 MStP&SSM bs 38 gt. MStP&SSM 6%s 9_ | MoK & T 1st 4590 _. MoK&T4s 62 B MoK & T6s'62 A _. Mo K & T ad) 53 '67.. Mo Pac 4s 75 Mo Pac 5365 Ameee. Mo Pac 5877 Faaeea. Mo Pac 5s '80 H. Mo Pac 6s ‘81 1.__.. Mo Pac 53549 A Monong Ry 1st 4’60 Mont Pwr ref 5 43 Mont Pwr 6362 A Morris & Co 433839 x 355 2000 A 38X 4148 ‘65 Muiray Body 6%s8 "42 Nashv C&St L 4578 . ssau El 4551 gid_ at Dairy 5% s 48 __ NatDisPC4%s8'¢5. Nat Steel 43 '65 | New E T&T 4%s 61 New E T&T 1st 55 °'52 New J P&L 48 ‘60 New Or GN. s ‘83 A NewOr PS5s'62 A NewOrPS6s'66 B _ New Or T&M 43%s ‘56 | New Or T&M 63 54 B | New Or T&M 533854 N Y Cent 4s 42 N Y Cent con 4548 [ C 2013 NYCrf4%s2012n Cent ref 5s 2013 Cent cv 6544 LSh3ls 98 N Y N Y Y NYC Mich C3%s" | NYC&StL 1£t 100 107 917 | Nor'n Pac 4s'97 ¥ Dock 58 38 - ¥ Edison 5& 51 C__ is ref 6345 41 Y L&W 1st 4873 NH & H 45 55 NH & Hev 6s 48. O&W gen ¢s 55 W ref 4s°92 : 4 x NY N NY b 4 b A Vi am st 68°47_ S&W Ter 55 '43 Tel gen 4145 39 ¥ Trap Rock 6546 W&B4l;8 46 _ Niag Sh 5%s 50 Norf So 1st ref 5s '61 Norf Solst rf5s'6lcfs Norf&W 1st 45’96 North Am Co 58 ‘61 North Am Ed 58’57 A North Am Ed 5369 C North Am Ed 5%s '63 Nor'n Ohio 1st 55 '45_ Nor'n O T & L 6s°47 Nor'n Pac gen 3s 2047 Nor’'n Pac 4%s 2047 Nor'n Pac 55 2047 C__ | Nor'n Pac 6s 2047 Norn St P 1st5s'41A Nor'nStPés'41B Ogden LC4s'48 ___ Old Ben C 1st 5 Ont Pw Niag 55 '43 Ont Trans 1st 58 "45.. Ore Sh L 5546 gtd |Ore W RR & N ¢s 61 Otis Steel 6341 PacG & E §s 42 Pac RR Mo Ist 45'38 Pac Tel 1st 53 '37 Pan-Am P C 6s'40et | Par-B'way 5%s '51 Param’t Pletures 6s'55 97 | Parmelee 6s ‘44 105% | 105% 109 109'% 48 110 104 15 % 102 102 102 81% 8l% 81% 85% 354 35% 34% 34% 344 112 111% 112 62% 62 6% 106% 105% 1064 104% 104 104 8y 884 89 101% 101 101 | Penn | Penn R R 6%s 36 Penn Dixie C fs ‘41 PennO& D 4% Penn RR con 4s 43 Penn RR cn4s'48 stp_ Penn RR4%s 8 Penn R R 4%s Penn RR co Penn & 5 Pean b 4348 "70 5'63 __ Penn 864 Penn R R gen 5s 68 .. R RR RRd RR4% R R b Penn P& L 4%s 1. Peo G Lt&C rf 58 '47. Peorfa & E 1st 45 40_ Pere Marg 1st 4s 56 Pere Marq 4%s'80 _ Pere Marg 1st 58 '56. Phila B&W 4s'4. Phila B&W 43s Phila Co 5s '67 Phila El Co 4571 Phila E1 Co 438 '67 _ Phila & RC & 16s'73 Phila & RC & 1 6s 49 Phillips Petr 6%s ‘39 Philippine Ry 4s 37 Pillsbury F1 M 6s 43 PCC&StL 4%8'40 A PCC&StL 4%s'77C. PCC&StL 6s '75 B Pitts&W Va 4158'60C. Port A C&D 65°53 A_ Port Gen El 4343 '60 Postal Tel & C 5s ‘63 Pub S El & G 4148 '67 Pub S E&G 4355 70 ._ Pure Oil 438’50 Purity Bak 6s '48 Reading R 4%s 97T A. Rem-R 6%8'47 A ww Reading R 4%8 97 B Rep 1&St1 5% 53 A . Revere Cop&B 6s '48 Richfield O1] 63 44 Richfield O 6s "44 cfs_ Rio G W col 4549 A RG W 1stex in 4539 R1A&L 1st 4%s8'34. Roch G&E 58 '62 B St L IM&S R&G ¢5'33 StLRM&P5s'55__ St L-S F 434878 StL-S F 434578 cf st St L-S F 63 '50 B St L-S F 65’50 Bcfs. StLSWist4s'89__ StLS W 2d 4s '89 St L SW 1st ter 68’52 StLSWgnrfb6s'90. StPCtR Cb6s'37 StPKCSL4%s 41 St P M&M ext bs 43 StPM&MM ex 4s ‘37 St P Un Dep ref bs'72 San A&A Pass 4s'43 Schulco 615’464 stp Seabd A L rf 4s'59¢cfs Seabd A L 6s 46 A . Seabd A-F1 65'35A ct. Sharon S H 6% 48 __ Shell Pipe L 68 62 Shell Un Ol 5847 5% T4 102% 102% 101% 100% 106% 111 98 33% 11015 80 26% 103% 998, 106 99 - 106 4015 6213 . 10815 108% 108% 5% 75% 3% T3% 102‘6 102% 98% l7\| T 67% 102% 101% 100% 99% 40% 324% 37, 15‘. Y% 101" 1063 97 103'% 91 £815 3 « 96% 85 ‘)fl' 10415 110% 11074 10274 103! 116% 106 96% 105% 106% 110 103% 10315 116% 4 1114 112% 753 34% 10414 10415 97 9813 10513 104% 105'3 105% 107% 9T% 1313 107% 103% 118 102 104% 107 1 83% 9% 111 111 100 105% 106 60% 381y 1017% 241y 108 112% 65 33% 10414 10415 96% 98 10515 104 10515 10518 107% 311y 1041 10415 96% 983 105'% 104% 1053 105 1074 31% 31 34 7 11% 108% 66 71‘6 35 9874 103 103 4 10213 1024 Skelly Of1 6%s 39___ 1 So Bell T&T So Ry gen 4s 56 A __ So Ry bs '94 So Ry gen 6s'56 So Ry 6%s 66 So Ry Mem div 52 '98 So Ry M & O 4s 38 So Ry St Ddiv 4s'51. 103 106 9% 3% 103 106% 98 T4 33% | TAYLOR DISCLOSE BIG MERGER PLAN Luncheon at Pittsburgh Held in Honor of Fairless, New Steel Chief. By the Assoclated Press. PITTSBURGH, September 18— Merger of two of the United States Steel Corp.’s biggest units—the Car- negie Steel Co. and the Illinois Steel Co.—was announced formally today by Chairman Myron C. Taylor of the corporation. He told a meeting of some of the Nation's leading steel men at a lunch. eon the two companies represent over 20,000,000 tons of steel ingot capacity —170 per cent of the corporation’s total ingot capacity and 28 per cent of the total ingot capacity of the country. The luncheon was in honor of B. F. Fairless, president of the new con- cern which will be known as the Car- negie-Illinois Steel Co. Fairless re- the Republic Steel Corp. President William A. Irvin of the corporation presented Fairless at the luncheon, which was attended by 300 business executives of Pittsburgh. Irvin said: “In uniting our major companies’ activities it was deemed desirable to go outside of the corporation for a man to head this new organization. With- | out reflection on any one's ability within this old organization, we de- cided to interject new blood in the new set-up by inviting one of the out-' standing young men in the industry | to join our forces.” | Chairman Taylor said many changes in production equipment are neces- sary to meet new demands for steel, and to explore new fields of possible consumption, heavy capital invest- ments are necessary. The corporation is at the moment $70.000.000 for plant changes betterments and will be called upon to ture, ‘ CHICAGO STOCK MARKET CHICAGO, September 18 i —The fol. | lowing 15 the compiete oficial list of transactions in stocks on the Chicago Stock Exchange today High. Lul' Last. | 1100 Berghoff Brew___ 1050 Borg-Warner i FitsBimmons. Con 530 Gen Household oo 0 Goldblatt 2850 Gt Lakes Dredge 50 Harnischfeger 0 Heilman (G) Br 100 Horders _ 4800 Houd-Her 10 111 Nor Ut 70 Kalamazo tove: 50 Katz Drug _ 50 Keliogg Switch _ 10 E: Jr_cus 200 Lincoln Pr 150 Loudon Pack 100 Lynch Corp () Nor'wes(_ Bancrop 200 Parker Pen _ 100 Perfect Circle 150 Pines Winter - 100 Potter Co 250 Public Svc n B 10 Pub_Svc 3 R0 Quaker :5 B0 Chosbean e 8 R Co £00 Zenith Rag Stock sales today, NEW YORK, September 18 (#).— + | A new issue of $266,000 City of Bir- | mingham, Ala., 3!2 per cent capital improvemen* refunding bonds is being offered today by Lobdell & Co. and | the Bancohio Securities Co. The bonds mature $26,000 each year Irom | 1938 to 1941 and $27,000 from 1942 to 1947, e High. Low. Close. Southw Bell T 6s ‘64 1064 106% 106% Stand Ol N Y 4%4s'61 101% 101's Studebaker cv 6s '45_ 5913 561 Swift & Co3%s 50 103 103% Tenn Cent 6s '47 68% 68% Tenn C&C 6s'44 B 101% 101% Tenn EI Pw 6347 A_ 100% 100 Texarkana 5%s '50 89 Tex Corpcv bs 44 ___ 103% Tex & Pac6s'80 D 91 Tex&Pac 1st bs 2000 115 115 Tex&P MPT 5%s ‘64 100% 100% Third A ad in ex 26 24% Toronto H&B 4 100% 100% Trumbull St 6s'40.. 104 103% 104 Un Pac 1st 4s47.___ ] Un Pac 1st rf 4s 2008 Unit Biscult §8'50._. Unit Drug 68 '63 U S Rubber 5847 .. Univ Pipe & R 6s ‘36 Utah L&Tbs'44 A 102 102 102 105% 105% 105% 107 107 107 9% 974 21% Va Hv 1st 68 "62 Va S W con 5858 Wabash 4%8'78_ Warren Brcv 6s'41.. WPaP4s'61 H W Sh 1st 4s 2061 r‘ - West'n Md 1st West'n Md 5%s 11.- West'n Un ¢%s '50 West'n Un cl tr 58’38 West'n Un 58’5 West'n Un b West'n Un 6 Wh & L Econ 4s 49 _ Wheel Steel 4%s'53 White S M 65 '36 xw W Sp Stl 1st 7s ‘35 et W Sp Stl con 75 '35 et Youngtn S&T 68’70 B Youngtn S&T 5318 A 104% 104% 99 99% 104% 1047 99% 100 100 99 99 103% 102% 102% 106% 106% 106% | cently resigned as vice president of | Advertising Total Goes 1.8 Per Cent Higher in August By the Associated Press. NEW YORK, September 18.—News- paper advertising in August showed an increase of 1.8 per cent over July, according to the index of newspaper advertising announced by Printers' Ink today. For August the index figure stood at 78.6, as compared with 77.2 for the preceding month. It also indicates a gain of 2.6 per cent from August a year ago. —_— REPORTED BACKING VAN SWERINGENS EGGS IRREGULAR ON D. C. MARKET | Ungraded Offerings Rise 1‘ to 2 Cents—U. S. Stand- ards Ease. | Egg quotations were irregular on the ‘Washington produce market today. | Ungraded offerings advanced 1 to 2 cents, but Government-graded uund- ards, large, declined a cent. The summary, with egg and lne poultry prices furnished by the De- partment of Agriculture, follows: 24 BYTTER—One-pound prints (02 score)., 1-pound prints (90 score). 1-pound prints (89 score), LOANS AT 5% e Sowntews t‘llrflly-hc.ul wert, apartment bouse Il asonable commis- Tyler and Rutherford, Inc. 1520 “K” 8t. N.W Natl 0475 —OFFICES— SAUL BUILDING 925 15th ST. N.W. Ideal location. opposite McPher. Saquare; elevator ouilding well and under constant super- SINGLE ROOM SUITE OF 4 3000 923 15th ST. N.W, ELEVATOR SERVICE 614 SQUARE FEET____$50.00 1621 CONN. AVE. N.W, 3 rooms. suitable for professional purposes; elevator service. RENT—$65.00, $36.00 By the Associated Press. NEW YORK, September 18 The Wall Street Journal in a special dis- | patch from Cleveland said today | that it was learned on good authority | that the Van Sweringen brothers are | backed by a group of four individuals ! in their move to purchase collateral | securing bank loans which is being | put up at auction September 30 by the Creditor Banking Syndicate, headed by J. P. Morgan & Co. The group of four men was said to have raised a pool of around $5,000,- 000 to help the railroad operators in | the belief that there is an eventual possibility that the Van Sweringen railroad undertaking will be profitable. Part of the group of four was re- ported to be local Cleveland interests spending about | and | double that amount in the near fu- FERREEG T | OFFER BIRMINGHAM ISSUE. 11215 112% 1123 | It is understood, according to the | dispatch, that a new corporation will | be formed to try to buy in the key | securities offered at auction, and that | this corporation will later undertake | | to take over Van Sweringen loans in Cleveland, largely in the hands of | closed banks. It is under:tood the new corporation plans to issue new | securities against these loans. PLANE FIRMS ARE AIDED | BY FEDERAL CONTRACTS By the Associated P-ess. NEW YORK, September 18.—A | survey by the Fitch Publishing Co. says “Improved prospects for manu- | facturers of aircraft and engines have | i resulted principally from the in- creased Pederal budget appropriations for the Army and Navy for airplane | replacements. * * * This will permit | a large increase in the manufacturers’ business this year and next year, and orders are already being received.” and part from out of town. | M!ATS——ECE! 11a20: lamb. 19a: Tk loins, resh hams. o —STORES— 8, 1621 CONN. AVE. N.W, Ground floor store room furnished; approximately square feet RENT—S100. 1616 K ST. N. Ground floor, heat approximately 1:100 squa RENT—$90. B. F. SAUL CO. Nalional 2100. 925 I5th St 17a1% heat X00 medium, 11.7 00; heavy, roughs, | 5.00a%.00: ' pies, calves.” 5.00a9.00; lambs. Market irregular. ernment sraded standards. lower. ~ Ungraded eggs. higher. Current receipts, hennery whites. average. fancy. large, 344 to 115 cent. kraded and dated white grading and marketing Extras ge. 42 cents mediums. 56 cents; U. 3615 cents. | LIVE POULTRY—Market mixed. Fowls full steady at quoted prices. but Spring chickens senerally easy. Only a few Rocks | at 21 cents. Fowl: Colored. heavy, 1% to 20 " cents: Leghorns. 14 Roosters 11 to 12 cents Plymouth Rocks. average. 20 to 21 cents: mixed colors 18 cents, Spring turkeys. weighing a 25 cents. Guinea Iowl, Youhg. 35 cénts to $100 & palr. BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. September 18— 10. 11 5.008 U. 8. U S.'Standards. large, NW. T Greater Earnlnfis vith OAFETY /= to 16 cents: Spring chickens 18 to 19 cents. 17 to | ung 30 Fieelity 200 Houstn Oil pf vt 0 Mirs Pin 1<t pf_ Miners> The Building & Loan | Plan of Saving ... Is Without a Peer 'HERE is, admittedly, no Saving- Investment field for small in tors to compare in Safety, Yiela and Convenience with the Building and Loan Plan! 5U S Pidel & Guar THE MARYLAND FUND this newspaper daily. Prospectus @ Look at the prosperity its members have enjoyed, during “good times’ . . . Look at the impregnably safe position Building and Loan invest- ments and institutions have enjoyed For INVESTMENT Six per cent First Trust Real Estate Notes, well secured on new INVESTING COMPANIES | NEW YORK. September PR (P.—New York Security Dealers’ Association Noon quotations ) Admin Pund w.w Amer Gen Equities | Basic Industry _ Bullock Fund Corporate Trust Corporate Trust A A Corp Tr A A mod__ Corp Tr Accum_Ser orp Tr Accum Ser mod Cumulative Tr_Sh Depos Bk Sh N ¥ Depos In< Shrs Diversifiea Tr C Dividend S Pixed Trust Sh Fixed Trust £ B Fund Investor Inc_ Pund Tr Sh Al Fund T Incorp Investors lInv Tr Coll | Investors Investors Mutual Invest Nation Wide Sec Nation Wide Sec vic - Bk Tr Shrs Stand Stand Super Suner | Super Super Super | Super_of Suner\l(!d Shr\ s Trust Pund Shrs ee Stand Inv Trustee §tand Inv D | Trusteed Am Bk B Trusteed Industry Shrs Trusteed N Y Bk Shrs MASSACHUSETTS INVESTORS” TRUST Prospectus Will be Sent on Reauest Natl. 2000 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 d LOANS ON IMPROVED PROPERTIES 51/5% Interest FIRST DEED OF TRUST ONLY GEORGET BORGER 643 Ind. Ave. N.W. A. S. GovLpEy & Co., Inc.) curing times of great stress. 5% Paid on Savings —Compounded Semi-Annually from the date of payment to the date of withdrawal @ No restrictions on the amount you may deposit or withdraw. The Fidelty Building & Loan Association MAIN OFFICE, 610 13th St. N.W. O residentia2] Washington property, appraised at present values. Also available at present a few $250 and $500 notes. BRADLEY, BEALL & HOWARD Phore NA. 0271, Southern Bldz. Established Over 35 Years 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 First Mortcace Loans District of Columbia, Nearby Maryland and Virginia S% Terms from 3 to 15 years RANDALL H. HaA NER & COMPANY MORTGAGE LOAN CORRESFONDENT NeoYpord Tafe Insurance Conpany 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 f Equitable Co-Operative Bldg. Ass'n | ASSETS $6,492,976.24 ‘ ORGANIZED 1879 55th YEAR COMPLETED Subscriptions for the 109th Issue of Stock Being Received Do YouDesirealoan —on Real Estate or to Take Up First Mortgage? HOSE desiring money to purchase a home, refinance present indebtedness or improve property should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to Repay Your Loan 915 F St. N.W Nat. 1741 First Mortgage Money For CONSTRUCTION LOANS AND LOANS ON IM. PROVED RESIDE TIAL PROPERTY in the District of Columbia and Nearby Maryland. 529 Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 REAL ESTATE LOANS As Mortgage Loan Correspondent of the Metropolitan Life Insurance Company, we have ample funds available for loans in the District of Columbia and nearby Maryland and Virginia. Repayable monthly at— $7.50 PER $!,000 4 5%% L INTEREST NO COMMISSION CHARGE EAVER BROS REALTORS Washington Building District 9486