Evening Star Newspaper, September 27, 1935, Page 19

F ™ CORPORATE BONDS MOVE NARROWLY & Active Issues Tend Higher, but Many Favorites Close Lower. BOND AVERAGES 10 10 Ralfs. Indus. UL, Por'n Net change. Unc. +.2 +.1 +.1 Today, close. 83.0 Prev. day.. 83.0 Month ago. 82.0 Year ago_.. 825 878 76.4 89.4 745 99.6 99.4 98.7 87.2 99.68 922 92.9 737 68.2 458 400 646 42. 1928 high_..101.1 98.9 102.9 100.5 10 Low-Yield Bonds. T'd'y.close 1099 Prev. day 110.0 Month ago 109.1 Year ago. 106.0 1935 high 110.7 1935 low.. 107.9 1934 high 108.3 1934 low.. 99.1 1928 high 1044 1932low.. 868 (Compiled by the Assoclated Press.) 9: 8 97.7 974 844 98.7 845 88.9 By the Associated Press. NEW YORK, September 27 —Cor- porate bonds moved in an extremely narrow range during today's session, | and, although the main body of active | ssues tended to move higher, there were quite a few well-known loans ending in the minus column. United States Government {ssues were reactionary throughout the day and showed no rallying power at any time. Closing prices ranged from 2 32ds to 7/32ds lower. There were several recently INANCIAL THE EVENING STAR WASHINGTO BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star. Approximate Transactions Today. U.s. Govt Bonds.— $1.490.000 Fory ign Bonds Domestic Bond ——— 6.860.000 0,000 LIB E R 'l' Y. Low. 4th 4% 51932-38 10012 10012 10012 TREASURY. 23,51945-47___..1007 1004 1004 2%81955-60 caue Close. 9921 9917 9921 38 1946-48 o ceuee 10125 10123 10125 351951-55 - —wmmee 10211 1026 1029 3% 8 1946-49 cuee 3 3 941 318 1944 33,8 1940-43 39,8 1941-43 3% 1943-47.. 45 1944-54_ 10226 10225 10225 949-53 . 10228 10222 10223 =emr 106 28 10628 10628 . 10326 10326 10326 une 106 10 106 10 10610 Mar. 10614 10614 10614 . 1056 1056 1056 109 26 10926 10926 4%s-3%s l!ll-‘i 10410 1044 1046 4% 1947-52 ... FEDERAL FARM 2%s 194341._... 1 102 11410 1148 1148 MORTGAGE. 9911 9911 9911 —. 10015 10012 10015 - 1007 1005 1005 102 102 HOME OWNERS' LOAN. 2% 8 1939-49 o 351952 9829 9827 9828 1001 9927 1001 FOREIGN BONDS. Abitibl Pa&Pw 65°63 Adriatic E1 78°52 Agr Mtg Bk Col 68 *47 Febr cou on Akershus bs 63 - Argentine 65’57 A. Argentine 6s ‘58 B Argentine 68’69 June | Argentine 6s '59 Oct-. Argentine 6s ‘60 May Argentine 6s '60 Sept Argentine 6s'61 Febr Argentine 6s°61 May. alia 418 ‘56 Australia 58’55 Australia 5857 Batavia Petr 4%8'42 Belgium 6865 : Belgium 6%/ Belgium 78 '56 Belgium 78 ‘56 | Bergen City bs ACUVE | Berlin 6348 /50 - *Treasury issues that did not appear on | gerlin Elec 6%8 the tape during the day. Closing prices of active issues in the j domestic corporation division included Bethelem Steel refunding 5s, up 'y at 11315: United States Rubber 5s, up 3, at 97%: Laclede Gas 5';s, un- changed at 75 Atlantic Coast Line s. off % at 78%. and Great North- 128, up 'z at 90. LT.&T. REPORTS NET OF $2,128,581 Six Months' Total Equivalent to 83 Cents a Share, Against 30 Cents in 1934 Half. By the Associated Press. NEW YORK, September 27.—Inter- national Telephone & Telegraph Corp. reports for the six months ended June 30 net income of $2128,581. equiva- lent to 33 cents a share on the capital stock. This compares with net in- come of $1.953.229, or 30 cents a share for the first half of 1934. The figures 2re exclusive of Postal Telegraph & Cable Co., which International Tele- phone controls. . For the quarter ended June 30 In- ternational Telephone had indicated net income of $899,823. equal to 14 cents a share, against $1,228.758, or 19 re in the preceding quarter and $ or 13 cents a share in the June quarter last year Postal Telegraph & Cable Corp. re- ports for the six months ended June 30 net loss of $9223807, after taxes, interest and other deductions, against net loss of $255295 in the first half of 1934. Berlin El Ry 613556 Bolivia 8547 Brazil 6%s '26 Brazil 8541 Bremen St 7s '35 Brisbane 58 ‘57 Brisbane 58 '58 .. 50 .. Budapest 68’62 unmat cou on . Buenos A C 65’60 An Buenos AC 6% Buenos A 6s ‘61 8t PY Bulgaria 7s '67 July coupon off . Canada 45 '60._. Canada 55532 Chile 7842 Chile Mtg Bk 6s 6. Chile Mtg Bk 6135’57, Cologne 638 '50 __.. Colombia 6s°61 Jan Colombia 6s'61 Oct - Cordoba 7s 57 stpd— Costa Rica 7s*51 A May coupon on Cuba 55 '04-'44 Cuba 535 '45... Cuba 534853 Cund’amarca 6 Czechoslovakia 8s'51 Denmark 43%s ‘62 Denmark 5%s '55... Denmark 6s ‘42 Deu Bk 65’35 ct stpd.. Dominic 15t 5% 8 '42 El Salvador 8s'48 ct. Finland 6s ‘4! Finland 615 '56 . Frankfort 6%s ‘53 | French Gov 7s *4 Frencn Gov 7%s'41.. Ger C Bk A 6s5°38 Ger C Bk A6s'60 July Ger C Bk A 68 '60 Oct Ger CBk A 75'50._. Ger Gen El 6548 BANKERS’ ACCEPTANCES TURN UP IN AUGUS B the Associated Press NEW YORK. September 27.—After @ steady reduction in each month since November, 1934, the volume of | bankers' acceptances outstanding ' Ger Gen El 7s"45.. Ger Gov 5%8'65 Ger Prov & City Bk con Ag 6%8'58 Ger Rep 78°49 Grt Br & Ir 4590 Grt Br& Ir5%4s°37 _ Grt CElJap 6%s ‘50 Grt CElJap 78’44 | Greek Gov 68 _. Hamburg St 6s 46 Helsingfors G%S'IO showed a slight improvement during | Ilseder Steel 6s'48.__. August. the American Acceptance Council reported today. The total es of August 31 was $321.807.411 egainst $320.890.746 on July 31. NEW YORK BANK STOCKS NEW YORK_ September York Security Dealers' 7ssociation (Quotations as of 2 o'clock.) Bid nk of Manhattan (1'5)- ankers' Trust (23, Brocklyn Trust (1) Cen Han Bk & Tr Chase Nationai (1.40) 2 Bk & Tr (1801___ 17 United St Tr (70a) J1810 © 1860 (a) Includine ‘extras. (3) Declared or paid so far this vear. FEDERAL LAND BANKS NEW YORK. September 27 (P).—Federal Land Bank bonds. (Quotations as of 2 o'clock.) Brd July; ' SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. 55 Amer, Beet Sugar 68 mw 5138 Palonm Tt Gen, Fub, Service 51 Gotham Stik Hos. 6s 193 Grand Tr Cannda 6 G Sreat Northiern Ry. 78 1936 Tiiinois Central 6728 1036 _ ntl, Tel & Tel. 458 1030 o Erie & West A 10 hieh Valley Coal #1014 uisville & Nash. 58 1937 Michiean cemm 45 1940 Chi. =z St s New Vork Dock By Ohio River R. R. 55 1938 _ Penn-Dixie Cement s 1941 enna_R. R_Co. fil4s 1036 0. Iron & Steel 55 1940 io Gr. Western 4s 1938 _ anadium: Corp. 5s 194 lm!‘ Ya 10 U. S. TREASURY NOTES. D & &) (Mwflad ty Chss. mdnuw Ofl BURBEEE (cicete i) -~ Italy 78 51 Ita) Crd P W 7s 47 B. Ital P U Crd 7852 Japan 6%s 54 . _ Karstadt 6s '43 ct stp Kreu&Toll §s'59A cfs | Lombard El 18’52 __ Met Water 5158 50 _ { Mex Ir 414 '4: Montevideo 1852 New So Wales 5s ‘57 New So Wales 5s '58 Nord Ry 638’50 Nor Ger Li1d 68'¢7Tnew Norway 5s '63 Norway 5128 '65.. Norway 6s '43._. Norway 6s "44.. Norway 6s'52 Norw Hy El 5% Nuremberg 6s '52 Oriental Dev 53s '58 Oriental Dev 68 ‘53 ._ Oslo 6855 OsloG & E 5863 Panama 5148’53 Paris Orl Ry 6%s Pernam 7s 47 Sept coupon oft __. Peru 6s'60 Poland 7s 47 Poland 8s°60 — Porto Alegre 8s '61 July coupon off Prussia 6s '52 Prussia 63%s "51_ Queensland 7s "41.. Rhein-Main 78 *50 Rhinelbe Un 7s 46 Rhine W Kl P 6s8°52_.. Riode Jan 6%s 63 Aug coupon off___ Riode Jan 8s°46 April coupon off__ Rio Gr do Sul 6868 June coupon off __ Rio Gr do Sul 7s "68 May couponoff _. Rio Gr do Sul 8546 April coupon off__ Rome 614352 e Rumania 7s°'59 Aug coupon off. Sao Paulo St 7s "40 Sao Paulo St 7s ‘56 Sept coupon off . Sao Paulo St 8s '50 July coupon off .__ Serbs 7s '62 unm ¢ on Serbs 8s'62 unm c on Shin'su E1 P 6%s°52. Stemens & H 6%s '51 Styria 7846 Sydney 5%s "85 Taiwan Elec 63871 Tokin El Lt 6s 53 Trondhiem 5158 '57 _ Tyrol Hy E1 71855 Ujigawa E P 845 Un St Wi Un St1 Wk Uruguay 6s Warsaw 7s '58 Westphal El P Yokohama €s '61 Alleg Corp 58 ‘50 Alleg Corp 58’50 stp_ Allied Stores 4%s '50 Alliz Chalm 6s 37 Am I GCh5%s 49 Am Intl 53849 . Low. Close. 29% 29% 60% 21% 95% 954 95% 953 95% 954 96 95% 963 102% 81 60 214 95% 95' 103% 33% 6015 50 47 9874 100% 100 154 4315 1017 101% 105% 105 215 1021 98% 25% 78 834 101% 101 104% 1367% 101% 101% 102% 102% 70 112% 112 112% 113% 112% 112% eb 53 ‘65... 11] 112% 112% 113% 118 113% 53 52% 53 -- 1054 104% 104% 93% 93% %s 1077 107% A T&S F RMt dv4s'65 105% 105% Atl & Char AL 5s’44_. 104 104 Atl Coast L 1st 48’52 93% 93 Atl Coast L elt 7 6% AtICLun ¢%s 8% T84 . 90% 90% 48°¢8 334 33% 59.... 48% 43% Atl Refin deb 6 Aust & Nor 53’41 ccmmee 107% 107% A_—.. 7% 75 T2% 2% 2% 93% 2’ 106% 104 93% 6% 78% 903, 33% 43% ‘37 106% 106% 106% 100 100 100 9. 1031 103% 103% 107% % 2% 2% Kings County Light 1st 638’54 L V Pa con 438 2003 Leh V RR con 5s 2003 % 1..-. 122 120 133% 133% 133% 104% 104% 104% High, . 117% 117% 117% 70 667 41% 46 50% 120 111% 111% 111% Nunif 48°40 ... L& L& L&N6s2003B. ... L&NTrt5%82003 L & N So Mon jt 48'53. McKess & R 534850 Manhat R 48’9 Manhat R 48°90 ¢ Marion St Sh 6s '47 Market St Ry 78°40 Mead Co 6845 106% 108 N 4%8 2003 C.... 101% 101 106% 106% 108% - 106 102 106'% 101 106 106 80 80 100% 101% 69% 69% 65 3% 9% 96% 96% 80 82y 82 99% 97y 98 85 85 1033 103% 103% 82 B&O PLE&W V 4s'¢1 99 B & O Swn 63 "50__. B & O Toledo 48’59 Bang&Aroos 48 h —e Bell T of Pa 5i 118y 118% 118% Beneficial L 6; 112 112 112 Beth Steel 4145’60 sf. 100% 100 100% Bnh Stlombs'36 .. 103 103 8 "42... 113% 118 Bol NYAL4s"5l BotCon M 6%s" BklynCy RR o Bklyn Edis 58°49 A Bklyn Edis 6852 E.. Bklyn M T 68°49 A__. 104 Bklyn M T 65 ‘68 A. 4 Bklyn Un E1 Bklyn Un Gas Bklyn Un G 585 Buff R&P con 4%8°'57 65 Buff R& P 5s'3' = Calif Packing 5s 40_. Can’d%an Nt R4%#'51 Can‘dian Nt R4%8'56 Can'dian Nt R438'57 Can’dian Nt5s'69July NtR 5870 N db6%4e'46 i Nr db Can’dian Pe db4sperp Can'dian Pc 438 46 Can'dian Po 4%s 60 . Can'dlan Pc 58’44 cfs Can‘dian Pc CaroCl1&O CaroCl & O 6s Cent Dis Tel 55 '43 Cent of Ga con bs Cent of Ga 55’59 C Cent of N J gen bs w1 Cent Pac 5560 Cent P Th Sh L 45’54 Cert'd deb 5338 48 Chesap C cv cl Bs 44— Chesap Corp 5847 C&Ogendly C&04%s'95 B Chi & Altref 33°43 ChiB& Qgen ¢s'58.. ChiB&Q4%4s'T7 Chi B&Q ref 587 Chi B& Q1div 4849 {Chi&E1116851____. Chi Grt W 4869 Chi Ind & So 4856 | CM&StP gn 3145898 CM&StP 4s 89 CM&StP gn 4% CM&StP 5875 CMStP&P adj 65 2000 Chi & NW 4%s 2037 _. Chi & NW 4%!20!10. 10014 89 106 10874 . 1169 Chi R I&P 43456 Chi T H&S 18t 65’60 Chi T H&S ine bi Chbi & W 1 con Chi& W 15%s'62 Chi Un Sta 55'63 B Childs & Co 6843 Chile Cop deb 547 _ | Cin Un Ter 418 2020 CCC&StL rf 4%817B CCC&StLStL dv4s's0 CCC&StLCW&M 4891 CCC&StL rf 65 '63 D Clev Short L 4% '61. | Clev Un Ter 4348°17. | Clev Un Ter 68°73 B Clev Un Ter 5%48'72A Colo Ind cl tr 58 ‘34 Col & So 4%8°80____. Columbia G & B 58’52 May Columbla GEE s Com Inv T 5%8"49 _. | Con Coal Md rf 5s 50 Con Coal Md 55’50 cfs Con Gas N Y 4%s8°61. 107% Con Gas N Y'68'57._. 105% Con G N Y db 6%8°45 106'x | Consumers Pw bs '52. 1044 Container deb 58 '43_. 94% Container 6546 Crown C& S 68 Crown Zell 6340 w Cuba R R 1st 6s '62 Cuba R R 6536 Del & Hud 5%s 37 . Den & R G cn 4536 Den & R G 4%5°36 Den & RG W 55 '55 Den&RGW 58’55 asst Den& RGrf6s'78 Det Edison 4148’61 D Det Edison rf 5s '49__ Det Edison rf 5555 Det Edison 5s'62 ElP&S W ref 5365, ElginJ & E 5841 Erfecv4s’63 A oo Erlfecv4s'53 B ceee Erie 43’96 Erie ref 6s'67 Erferef 55’75 Fed Lt & Tr 6s Fla C & Pen 5s '43 Fla EC Ry 6874 - Fla E C Ry 68'74 cfi Fran Sug 7%s 42 Gen Cable 6%s '47 Gen Pub Sve 5%8 '39. Gen Steel C 5%s 49 103 82% 141 14 991 108 1077 108 104% 1041 104% 103% 103% 103% 102% 102% 102% 104% 104! Gulf M & N bs '5 Gulf Sta St15%s "¢2_ Har Ry-P C 1st 4554 Houst B&T 1st 55 "37 Houston Of] 5%s ‘40 Hud & Man inc Hud & Man ref & 111 Bell Tel 11l Cent ¢%s ICC&St L NO Inland Stl 4%4s Int R T istrf IR T 1st ref 68’ s6cts Int RT 6s'32 Int R T 6532 ctfs IntRT 7832 IntRT7s '32 ctfs. 53 Int Gt Nor adj 6s'52A Int Hydro El 6844 Int Papref 6s 55 Int Rysot C A 68°72. Int T&Tcv4%s 39, IntT&T4%863 . T0% 70% 7 100% 100% 100% % % % 81% 814 81% 6 233 33 33 ‘61 111% 111% 111% 0 62 62 62 106 105% 105% 1043 104% 104% Ky Cent Ry 45'87_... 105 105 105 | Penn RR 4%8 84 Met EA 1st rf 4%s 68 108 l?-‘} lgg Mich Cent 4% s 961, 96% 964 - 101% 101% MiIIER&SL5s’61_. 100% 1004 271 MoK&T4s'62B__.. MoK&TI%I’" Mo Pac6s’811 Mo Pacb%s 49 A_ Monong Ry 1st 4 Mont Pwr ref 63 ‘43 Mont Pwr 5862 A Mor & Esx 4 %8 '55.... Mor & Esx 58 '55 B Murray Body 6%8 42 Nassau El 4551 gtd. ashv C&St L Nat Dairy 5% s 48 __ Nat Dis P C 438 ¢5.. Nat Steel 45 65 1 w E T&T 1st b8 fl N New Or Ter 1st 48 New Or T&M 5%8 ‘64 N Y Cent 4542 N Y Cent con 4 N Y Cent rf 433 2013 NYCrf4%s2013n_. N Y Cent ret 552013 14 ison 68 ‘51 C_. rf61;8'41 1g. QOmME sommy 7 22222227 i 1 1 S&W 2d 4328 37 Steam 1st 68 '47_ North Am Ed 58 '0 [} North Am Ed 6%s 63 Nor'nOT& L 6547 Nor'n Pac gen 35 2047 Nor'n Pac 45'97_. Nor'n Pac 4% 2047. Nor'n Pac 58 2047 Nor'n Pac 68 2047.__. Nor'n St P 1st58'41A. 01d Ben C 1st 65 *44_ Ont Pw Niag 58 "43_ Ore Sh Line 55 '46 Ore Sh L 5546 gtd Ore WRR & N 48 '61 Otis Steel 63 '41.. PacG & E 5542 Pac RR Mo 1st 4538 Pac T&T ret 58 '5: uo'. Param’ Pmuru 65’88 97 Parmelee 6 Park-Lx 6%s 3cts Penn Dixie C 6 Penn R R con 4348 __ Penn RR44s'81 D Penn RR con 4%8 60 10915 2% 101% 82% 89ty 9615 106% 20 MiW 1174 118% 10314 100 105 99 1100 97 30 3415 90% 110% 10215 2 115 103 107 97 105% 106% 113% 10175 10514 107 116 0% 84 854 Penn RRgn4y% Penn R Rdb 4% Penn R R 4% 6 Penn R R 6864 Penn R R gen 68 '68 Penn R R 6%s°36 Penn P& L 4%s8°'81_. Peo G Lt&C rf 5s°47_ Peo G L&C 6843 Peoria & E 1st 45 40~ Pere Marq 1st 4s Pere Marq 4%s ‘80 _. Pere Marq 1st 585 Phila B&W 4s°'43 Phila Co 63 '67 Phila El Co 4871 Phila El Co 4%s Phila& RC& 15878 Phila& RC & | 68 49 Phillips Petr 634 Pillsbury F1 M 6s 43 Phil Petr 5145 '49 reg Philippine Ry 48 '37_ PCC&StL 4%s°77C Porto Rico A T 6s '42 Port Gen El 4% '60 _ Postal Tel & C 5863 PubSEI&G4s'T1__ Pure Ofl 4%s'50 Purity 6848 R-K-O - Reading Jer C 4s - Reading R 4%8°97 A. Rem-R 6% 847 A ww Rep 1&St1 5%8°'53 A Revere Cop&B 48 RG W 1st ex in 4s 39 Rio G W col 4s'49 A_ Rutland Can 4849 St Jo &G I R 48°47 StL IM&SR&S4s'33ct St L-S F 48’50 A 2 St L-SF 45'50 A cfs_ StL-SF 4%s'78 StL-SF4%s'78ctst StL-SF6s'50B ___. StLS W lst 43’89 _ St L 8W 1st ter StLSWegnrf St PCt R C 5s'37 gtd_ StPKCSL4%s 41 San A&A Pass ¢3'43_ Seabd A Lref 4559 . Seabd A L rf 4s'59cfs. Seabd A L 6s 45 cfs Seabd A-F1 6s'35A ct. Sharon S H 5%s "48__ Shell Un Oil 5847 So Pac col 4s So Pac ref 4: So Pac 448 So Pac 4%s So Pac 4%s '81 So Pac Ore 4 %43 So Pac S F Ter ¢s’l So Ry gen 43 '66 A___ So Ry gen 6: So Ry 6%s8'56 SoRyM&O04s'38 Southw Bell T 5s 54 Stand Ofl N Y 4%s'51 Studebaker cv €8 5 3y 29 99‘( 102% 102% b S ;| 974 2% 3% B5% 87 57 39% 3915 39% 107'» 106'% 106% 101% 101% 101% 57 56% 67 103% 103' 103% 66% 66% 66% 118 118 18 101% 101% 101% 9% 99 99 Swift & Co 3% 0. Tenn Cent 6s "47 Tenn C&I RR 58'51... Tenn C&C 6544 B Tenn El Pw 68’47 A ‘Texarkana 5% Tacofpfll-'“__ Tex & Pac5s"17 B Tex & Pac 5879 C. Third Av ref ¢s°60 Third A ad in ex 55'60 Trumbull Stl 6s°¢0__ 103% 103 103 88 88 88 103% 103% 103% 93% 93% 93% 92% 4368 101'% 101% Un Paec 18t rf 48 2008 mgu 104% 104% Utlll-.'lil"l‘.. 0% » FRIDAY, SEPTEMBER 27, 1935 "E FREIGHT LOADINGS CLIMB 7287 CAR Week’s Total of 701,644 Is 63,146 Above Level of Year Ago. By the Associated Press. The Association of American Rail- roads announced today that loadings of revenue freight for the week ended September 1 were 707644 cars, an increase of 7,287 above the preceding week, 63,146 above the corresponding in 1934 and 47,778 above 1933. llaneous freight totaled 270,- 780 cars, an increase of 8,412; 29,658 above 1934 and 32,284 above 1933. Less than carlot merchandise to- taled 166,630, an increase of 801: 2,548 above 1934 and 8,209 below 1933. Coal, 133,234 cars, decrease 5,329; 11,795 above 1934 and 12,344 above 1933. Grain and grain products, 42,552, de- crease 1.254; increase 9,587 above 1934 and 8,746 above 1933. Western dis- tricts, 30,577 cars, increase 8,740 above 1934. Live stock, 18,409 cars, increase 786; decrease 13,749 below 1934 and 3,203 below 1933. Western districts, 14,697 cars, decrease 12,985 below 1934. Forest products, 13,058, increase 1,- 813; 9,943 above 1934 and 7,569 above 1933. Ore, 36310, increase 2,026; 12,084 above 1934 and 1,676 below 1933. Coke, 6,571 cars, increase 32; 1,280 above 1934 and 77 below 1933. ‘The association announced that live stock loadings for the first 38 weeks of 1935 were 474,432 cars, a reduction of 283,839, compared with last year. This decrease was due, it was stated, to a reduction of the movement of live stock because in 1934 the Government bought and shipped live stock from the drought areas. Weekly Index Down. ORK. September 27 —The Asso ciated Press seasonally adjusted weekly in- dex of freight carloadings. based on 1928- | 1930 as 100, declined today to 67.4. com- pared with 87.7 the previous week and 1,2 a year previously. The range of recent years: 1994, 859 58.5- 193 (o8 58.0 Sales Rush Forces Wool Goods Mills To Restrict Orders By the Associated Press. NEW YORK, September 27—Re- porting a continued expansion in wool goods buying, the New York Wool Top Exchange in its weekly summary says a larpe and increasing number of mills | have sold up their output for the next | two to three months. The mills, it was asserted, are being forced into a position where they | must pare down orders and allot goods | to customers on the basis of initial | purchases last season. While this situation is particularly noticeable in men's wear markets, it is also spreading to the women's wear field, according to the service. BOSTON, September 27 (#)—The Commercial Bulletin will say tomor- row: “The market has slowed down this week appreciably. Prices are generally firm, however, and on me- dium fleeces a bit stronger. The manu- facturers have sold ahead for two to | three months and apparently have fairly well covered against their com- mitments in the raw material.” Washington Exchange SALES—AFTER CALL. | Capital Transit Co.—100 at | at 18 American Security & Trust Co.—10 at 20113, 5 at 20113, Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer_Tel. & Tel 4'3s Am. Tel. & Tel. Col Tr. Anacostiy 58 Ana. € Capital Traction City & Suburban 5s Georgetown Gas _1st 18. 20 Potomac_Elec. 65 Wash. MISCELLANEGUS. Barber & Ross, Inc.. 6% Chevy Chase Club 5'as Col. Country Club 312s. W. M. Cold Storage 55_ Pow. 67 pfd. (812 1mn Po. 513t BI. (5.50)2 112% BANK AND TRUST COMPANY. Amer. Sec. & Tr. Ca (8)_.*10815 Riggs pfd (5) Washington " (6) Wash. Loan & Tr. rms INSURANCE. American (12) 80 Firemen's _(1.60) National Union (60) ‘TITLE INSURANCE. Columbia (.30) Real Estate (6)_ . Corp. 48 Wdwd. & ‘com. leo» *35 Wd:& & Loth, pfd (7).-..*113 *Ex dividend. 125¢ extra. $Flat. MONEY MARKET. NEW YORK. September 27 (.—Call money_steady: 14 per cent, all day: time 3 deys. Ve offered: 4-6 ¢ commercial serve Low. Clese. 891 89% 45 Bigh. 89% 47 b1y Utah P& L 63’44 Ul P& L6s Ut P&Lb6%s 47 Vanadium ev Ver Sug 18t 75’42 cfs Va E&P 1st rf 5865 Va Ry 438762 B . Va Ry 18t 68 u A= 104% 104% 105 105 111% 20 20 21% 511 20 20 20 20 21% 21% 51% 511 53 52 53 83% 82% 83 31 21 31% 108 107% 107% 111% 111% @ 4.75 New York Cotton By the Associated Press. NEW YORK, September 27.—Except for a continued demand from the trade, which was supplied by South- ern hedging, trading in cotton con- tinued quiet today and prices held within a comparatively narrow range. After selling off to 10.49 December rallied to 1057, but met a little more hedging on the upturn and was ruling sround 1053, with the mid- afternoon market about 2 to 3 points net higher. Putures closed barely steady. 4-8 lower. High. Low g 051 1043 0. 0 B8 10 071 10¢ N Zfloz Guiet; middling. | i Cottonseed Oil. Bleachable cottonseed oil futures closed steady. October, 10.13b; De- cember, 10.19b; January, 10.19b; March, 10.20b; May, 10.36b. Sales, 61 cBol:.fncu, including 8 switches. b— 1 10.75. Liverpool Quotations. IVERPOOL. 8eptember 27 (A .—Cotton, luding 1.400 American. nd: prices 1 point high: RADIO SET VOLUME ADVANCES SHARPLY Increases Ranging From 60 to 100 Per Cent Reported by Leading Manufacturers. Special Dispatch to The Star. PHILADELPHIA, September 27.— With general business up 17 per cent, | steel production up 50 per cent and electric power output up 12 per cent, a 60 to 100 per cent production in- crease is announced by some leading radio set manufacturers. Radio sales are up from 2,027,000 | the first half of 1934, to 2,453,000 for the first half of 1935, with third quar- | ter figures indicating 15 per cent to 20 per cent increase over the last half of 1934. These figures, according to the Philco Radio & Television Co. are| ccnservative. Employment at Philco plants is up over 40 per cent as com- pared with 1934, and under the pres- ent working arrangement with the | American Federation of Labor, the | highest wages of the industry are be- ing paid to factory employes number- ing 11,000. —_— CHICAGO STOCK MARKET| CHICAGO. September 27 (7 —Following | is the complete offic of traasactions :n stocks on the Chicago Stock Exchange H:h bw cmr 30 Borg-War 110 Borg-w 350 Brown P & $30Brown P w B 150 Butler Bros Be” uu.c 110 Cen & S 800 Chi Corp 50 Chi Plex Shaft 0 Chii Mail Order ¥ 8l ot 450 Cont Steel. e | 400 Cord Corp_ 300 Crane Co 150 Gen Household .~ 350 Gt Lakes Dredza 100 Heileman (G) Br. 7 pf 3 78 800 RenoRad TA L. ' 1100 Keystone 8l h & Co 300 McGraw _Elee ~_ 2 150 McWill Drede = 47 8 11000 Merch & Mfrs A 8 \ 0 Merch & Mirs pf 24 24y | fickelberrs's Fa i 100 No ng 50 Nor_west _Bancorn 430 Bines. Winter 50 Prima Co _ 50 Bublic Evc | | | 100 Wil Oiro-Mat - 350 Zenith Total stock s NEW_YORK. September 27— ciated Press wholesale price index of basic commodities_today declined to Previous gay. 75 4. week month ago, 72.(0: year ago. £7.5. Range of recent ¥ Hich 6014 (lfi"fl average equals 100.) Miscellancons Markets. Additional New York markets. as com- piled by the Associated Pre: ‘WOOL TOPS—Futures gé\cll},lnled December. 5661 58 closed quiet 90.0b; January, COFFEE—Spot _qulet Banios Mo 4 Rasa0. Cost and tm%m o (erlnn \ncluded 8antos Bourbon. 3s and 235 ' Rio futures closed aquiet: ll]tl lfll\fl December. 4.93 | tures closed barely December. 8.05n: Mareh. SUGAR—Futures No. 3 closed _steads. hklh!r Sllex IS 150 tons. Dec!mber 14b: M b, | 2:18b: May, 3 19b: gy, 323 : March, ; September, RAW HIDES—Futures closed auiet. un- | changed to 5 lower. December. 11.11b; March._11.42b__Sales. 1.080.000. RUDE RUBBER—Futures closed dull Baf tober. 11.77b: December 11.95b: March. 1 ribbed spot closed 11 b—Bid. METAL MARKET. unchansed to Tower. o n—llomln STANDARD 6. & . (new plants at strategic points for a FINANCIA FOREIGN EXCHANGES. NEW YORK. September 27 (). eign exchange steady: Great Britain lars._others in cents mand, 4.91%: cables 4.917; 49012, France demand, 259% Italy, demand. Deia da—Belgium free. 40 WILL REORGANIZE Large Utility Holding Unit Files Papers Under Section 77-B. By the Associated Press NEW YORK, September 27— Standard Gas & Electric Co. today filed a petition in the Wilmington, Del., Federal Court for reorganization under section 77B of the bankruptcy | act. It is one of the largest units in | the public utility holdings company group, with reported assets of more than $1,000,000,000. | In this status, however, it was something of a sub-holding concern | inasmuch as it is controlled by the Standard Power & Light Co., which is in turn controlled jointly by the United States Electric Power Co. and H. M. Byllesby & Co. The company dominates operating properties in 20 States. They supply | electric power, gas, steam heas, tele- phone, water or street railway serv- ice. It also owns a property in Mex- 1 ico. The company's map embraces | a large part of the Western half of | the United States. | Pinancing difficulties chiefly cen- tering on the more than $24.000,000 obligations due October 1 were made more acute for the companay by rea- | son of slow recovery in earnings from | the depression low levels. To conserve cash in preparation for | a proposed refunding operation to | deal with these bond issues the com- pany discontinued dividend payments | on its $7 and $6 prior preference | stocks around the end of last year. Early this week the company an- ! nounced it had sold to operating com- | panies in its system, without profit m‘ it, stock of the Byllesby Engineering | & Management Corp. all heretofore owned by Standard. The company ex- | plained that this sale was made in | keeping with the spirit of the utility | act of 1935. Efforts of the company to extend maturity of its October 1 obligations | were opposed by organized minority | security holders who protested against | various features of the plan. Quoted values of the company'si listed shares declined sharply on the Stock Exchange. The common drop- ped nearly $2 a share to a fraction under $3; the preferred yielded nearly $2.50 to slightly better than $3.50 a share; the 6 per cent preferred lost more than $3 to $10, and the 7 per | cent preferred declined more than $5 a share to around $10.25 Four bond issues of the company. listed on the curb exchange. dropped from $3.25 to $4.25 per $100 bond. 'Dollar Advances Slightly on Most Other Currencies By the Associated Press. The dollar had a slight edge on Greece, Czechosiovaki; Austria. 18| Hungary. Ar‘emlm 32.80n Shanghai. i Mexico : York. "l0112% Montreal in New eork 1y Momreal n—Nominal. —_— Austin, Nichols & Co. class A share earnings, four months ended August 31, were 89 cents. MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5Y2% FIRST DEED OF TRUST ONLY GEORGEI BORGER 643 Ind. Ave. N.W. Secured on Homes Safety and Yield Combined 1505 H ST.NW~NAT. 2345 Trust Loans For Purchasing a Home o RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED erms Arran) 4 on Eass Honthiy "Fasments MIMBER BUILOWG & ASSOCIATION COUNCIL of ©. | most foreign currencies in exchange dealings today. In New York the British pound sterling was !4 of a cent lower at $4.91'2; French francs were .00's of 2 cent higher at 6591, cents, and Holland guilders were .03 of a cent 949 NINTH STRERT,NW. | lower at 67.45 cents. The dollar was a frifle higher in | London at 481'; to the pound and about steady in Paris at an equiva- lent of 6.589 cents to the franc. PARIS, September 27 (#)—Three per cent rentes, 77 francs 50 cen- times: 4'> per cent rentes. 87.50 Exchange on London, 74.64. dollar was gouted at 15.17%2, DIVIDEND IS OMITTED < BY CANADA DRY BOARD By the Assactated Press. NEW YORK, September 27.—Direc- tors of Canada Dry Ginger Ale, Inc., \n(ed to omit the quarterly dividend on the capital stock. The last divi- dend was 10 cents, declared - three months ago Omission of the dividend. the man- agement explained, was to conserve | cash assets for use in connection with an expansion program to be under- | taken immediately. The company proposes The CONSTRUCTION LOANS AND LOANS ON IM. PP.OVED RESIDEN. TIAL PROPERTY in the District of Columbia and Nearby Maryland. 5Y2Y% Prompt action B. F. SAUL CO. 925 15th St. Natl. 2100 to install more intensive development of mar- kets through elimination of certain distributing costs, it was announced. 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 $1,000 5% L INTEREST NO COMMISSION CHARGE WEAESES Washington Building District 9486 Equitable Co-Operative Bldg. Ass'n NEW YORK. September 27 (#).—Copper steady: electrolytic. spot : export, R 65a%.50. ' Tin Dearby. 49.X7a50 00 auiet. unchanged. Lead steas York. 450adSe. Ea 100 TONS OF LEAD SOLD. NEW YORK, September 27 (P).— The St. Joseph Lead Co. reports that 100 tons of pig lead from Southeast 116% 116% 116% ll 80% 81 95% 95% 98% 98% 104% 1045 104% 100 99% 100 991 98% 9944 100% 100% 100% 103% 103% 96% 961 14% 14% 9% 9% 47 4% 98y 98% 98 98% Wheel St 5%48 48 A_ White 8 M 6536 xw_ W 8p St con 78 '35 ct. WisC 1st gn ds ‘49 ct Wilkes B&E 1st 55°42 Youngtn S&T 55’70 B Youngtn S&T 5518 A Missouri mines were sold yesterday at $4.35 per hundred pounds, St. Louis. LOUISIANA BONDS SOLD. NEW YORK, September 27 (Spes cial). —The $5,000,000 issue of State of Louisiana 5 per cent highway bonds, offered Wednesday, has all been sold, according to an announcement made by the lynd!ene managers. el vtr:inh Railway Co.— Gommon | share earnings; eight months ended | August 31, were $4.14 vs. $3.71, ' 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? [OSE 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