Evening Star Newspaper, September 30, 1935, Page 15

FINANCIAL. CURB LIST TAKES UNEVEN COURSE ny Leaders Go Lower. i Miscellaneous Industrials Establish Gains. By the Associated Press. NEW YORK, September 30.—The curb market was largely a specialty affair today. Many of the established leaders met enough selling to effect Josses of fractions to more than a paint, but the plus column was well represented by a long list of miscel- laneous industrials. » Those carrying sizable gains into the late trading included Driver- Harris, Cleveland Electric Illuminating, Sherwin Williams, Pratt & Lambert, ‘Royal Typewriter and Mead, Johnson. < Alcohol, oil and utility leaders were inclined to sag under moderate offer- dngs. CHICAGO PRODUCE. CHICAGO. September 30 (P.—Butter, S: firm. Creamery: Specials . v: extra firsts. 2614a firsts, 2534a2t1a: cur- refrigerator, extras, Ty . less ds, s up, 2 Leghorn Rock Springs, 17a21: colored. Rock broilers, 20: colored, 20 14al4: Leghorn chickens. 16%s Jen_ turkeys. 1K ‘voung . 14 white ducks, 412 pounds Small, 14 colored " ducks, 14: R on _tra United States ‘shipments, Saturd steady: supplies liberal: - No. 1. small to ‘medium, Minnesota Cobblers. commercial ia%0: Early Ohios, commercial. 7 River Ohios, U. 8. N ®3%,: North Dakota Cobbl mostly 85: commercial, Re Ohms mostly 85 Michigan Green Moun- S. No. 1. 95: Colorado Triumphs, i nunhw and condition, 1.00; Washing: ton Russets. U. 8. No. 1, 1 CRUDE OIL PRICES. TULSA Okla.. September 30 (#).—Base erude oil prices Midcontinent area—Oklahoma-Arkansas, ravity scale to S1.0K. North and North ‘entral Texas. gravity scales to $1.12 and S1.14; West Texas (Permian Basin), 70c and 75c. Texas Panhandle, gravity scales 1o Klc and ‘e R Mountain area—8alt Creek, Wyo., »;ra\m scale to S1 Eastern area — Pennsylvania grade |(Bradford-Allegany) same grade in ‘Southwest_Pennsylvania lines. 31.7: same grade in Eureka ling 67: same grade 4n Buckeye lines, $1.57; Corning. $1 NEW YORK BAR SILVER. NEW YORK, September 30 (#).— Bar silver quiet and unchanged at 657%. BONDS ON THE CURB MARKET. DOMESTIC BONDS High."Low. Noon. 4 llmd. Lo uff Gen El 55 Can No P 5s A Carolina P&L 5 ' Gant 1l PS 4148 F, fent I 7S 55 t L 10634 106 21007 10012 1 9534 953 . “ 1 9% ]m» (1061 ntersta Pw 5s jers CP&L 425 c ets Cn P&L 55 Xen Util 1 entuck U ehigh P 8 xington Ut ibby McN & 55 1063 0915 10042 104 1017 Biass Gns s Mass Gas 525 f 4 Ohio PAL 5lzs &) Nw P bis A a7 599 gBlo Ediion i 10634 o 104% A Bae r THE EVENING STAR NEW YORK CURB MARKET By private wire direct to The Star. Stock and Sales— Dividend Rate. Add 00. High. Low. Close. Ainsworth (al%) 3 43 42% 42% Allled Mills(a26c) 15 17'% 17% 17% Alum’n Coof Am 750s 80% 78 T8y Alum'n pf (1%) 1508104 103 101 Alum’'n G'ds (40c) 1 lllt Alum'n Ltd. . 3 Am Beverage._ 19 3% Am Ct P&L A (3). 20s 42 Am Cities P&L B 1.4 Am Cynam(40c)B 19 23"- Am&For Pw war 1 Am Fork&Hoe 60c lOOu 16'1 Am Founders Am Gas&E (1.40) 18" 34% Am G&E pf (6) 1255 106% 106 Am Hard Rubber. 100s 19'¢¢ 19% Am Li&Tr (1.20). 12 13% V- Am Maracatbo.... 25 Am Meter Co._... 258 16% Am Superpower.. 26 17 Am Superpower 1st pf (11) 1 64 Angostura (120c). 1 4% 20s 106 2 39 3 42% 4 23% 3% SBV: 3 42% 4 23% 31 16'5 16% % W 34% 3414 106 19% 13% % 16% 1% 64 4% 105% 105% 2 2 16\ 1% % 64 9% Appalachan Elec Pwr pf (7) NatGas A Nat Gas cu pt Art Met W (40c) Asso E 1 (p213se). ASS0OG & E (A) _ Asso G&E $5 f Asso Invest (80¢) 250- Asso Rayon Atlas Corp (a30c). Atlas Corp war. .. Auto Voting Machine (t50¢) | Ax-Fisher(3.20)A Bellanca Alrecraft. | Bliss Co (BW) _ | Blue Ridge Corp . | Blue Ridge pf (3). Blumenthal § ___ Bower Roll B (1). Brazil Tr L&P Bridgeport Mach . Brill Corp B Brillo Mfg (2)A..100s Buckeye P L (3) . 508 Buffalo Niag & Eastp 1st p£(5) 1505 100 Buf N& EPpf (1.60) 2> Bulovacvpf,..__. 50s39 Bunker Hill&Sul. 875s 45 Burma Ltd (adT.7c) Butler Bros Can Marcon! Carib Syndicate Carrier Corp. Catalin Corp 9 § Celanese pf (7)._. 258108 108 108 Celanese 1st pf(7) 258110 110 110 Cent P& L 7% pf (1% ),,_.1001 34\ 34 34 Cent States I-.lec 1 1 | Cent St El 6% pf-. 6% 6% | Central States | Electric 7% pf Centrif Pipe (40c) | Ch1 RivaM (1%) Citles Service Cities Service pf . City Auto St(60c) Claude Neon Lts . Clev Elec Iliu (2). Clev Tractor ... Club Aluminum Colon Of1 Columbia Gas & | _Elecevpf (5) Columb O&G vtc. Com'with Ed (4).. Com'wlith&S war. Como Mines Compo Shoe Mach s.t.c.(50¢) Consol Alrcraft. Cons Copper Consol Gas of Balto (3.60) ... Cord Corp | Cosdemr Oil Me (d) Crane & Co | Creole Petroleum «Crown Cent Petr_. Crown Cork Intl A (350c) Cusi-Mexicana Det Gray {r Foundry (b10c) | Diamond Sh (60c) | Dictograph Prod ’ Distillers C-Seagr | Distilled Liquors. | Doehler Die Cast_ Dow Chemical (2) | Driver Har(a25¢). Dubelier Condens. Duval Tex Sulph Eastn G&FpfA(6) | Eastn Sta Pw (A) | Eastn Sta Pw (B) | Elec Bond&Share Elec Bd&Sh pf (5) Elec Bd&Sh pf (6) El Pwr Associates El Pwr Assoc (A) | Elec Sharenold’'g Electrographic(1) kquity Corp | £x-Cell-O A&Tool Fairchild Aviat'n | Falstaft Brewery Ferro Enam(80c)_ Fisk Rubber Flintkote (1) A Ford M Can A 1% Ford Mot Ltd (all.7c) 5% 5% 2 3 1 6 1 8 1 9 M 2 o e D b b 00 e % 250 39 39 100 100 2 2214 22 3'1 6% 1% 2% 10% 15 1258 25 14 2 33 Y 2 1315 6 lJ 3 m 2 84 » oRwmorn ohie S e - 0 —aoNR~So o ) oaen i womg— 29: -~ R 'B. & 0. NET SHOWS MODERATE CLIMB, Angust Operating Total Hits $2,- 299,703, Compared With $2,- 149,457 in 1934. Special Dispatch to The Star. BALTIMORE, September 30.—Net | railway operating income of the Balti- 1 | more & Ohio Railroad Co. for August | amounted to $2,299,703, compared with $2,149,457 for August, 1934, an increase of $150,246, or 6.9 per cent, according to statement of earnings and expenseg just issued. : Gross revenue amounted to $11, 929,925, a gain of $622,886, or 5.5 | per cent, over the $11,307,039 reported operating expenses amounted to $8,- 756,524, compared with $8,072,046, an | Increase of $684,478, or 8.4 per cent, | leaving net revenue from operations | of $3.173,401, or a decrease of $61,592. Freight revenue totaling $10,289,- | 926, an increase of $815480, was the | only major classification to produce 5, |2 gain to gross in the month. 4| Bross revenue of $91,698,807, 108 1034 1034 10712 10742 100%2 10012 Z100% 10014 100% 35 81% 8 ierra Pacific Electric Co.—Common e earnings, 12 months ended 31, were $1.88 vs. $1.53. % Cumulative figures for the eight months to the end of August show com- pared with $92,666,507 for the 1934 period, a decrease of 3967 700. SMALL GAIN RECORDED BY INSURANCE SHARES Special Dispatch to The Star. NEW YORK, September 30.—In- surance stocks in the New York City market registered a small improve- ment during the last week, according to figures compiled by Hoit, Rose & ‘Troster. The lmeglu value of 20 leading fire and casualty insurance issues closed the week at $621,615,000, com- pared with $618,401,000 at the close of the previous week, an increase of $3.214,000, or 0.52 per cent. The current average yield of the 20 issues of 3.25 per cent compares with a yleld of 3.27 per cent on Sep- tember 20. The current market value equals 1.34 times the current liquidat ing value, compared with 1.23 times at the close of the previous week. -~ CRUCIBLE STEEL PLANS TO REDEEM DEBENTURES | By the Associated Press. NEW YORK, September 30.—Cru- cible Steel Co. of America is notify- ing holders of its 10-year 5 per cent gold debentures, due May 1, 1940, % | Pac Light's pf (6) .¢ | Pantepec Oil____. .| v prpf(1.20) for August a year ago, but railway | Stock and Sales— Dividend Rl!f. ‘A.dfl 00 High. Low. Close. Froedtert G conv pf (1.20).. 200- Gen Alloys_. __.. Gen Fireproofing.. 2 Gen Invest Corp . 2 Gen T&R pf A(6). 258 Glen AldenC (t1) 8 Glohe Under (50¢) 1 Godchaux Sug(A) Grand R Var (50¢) Great Atl & Pac Tea 1st pf (7). Greenfield T&D. Gulf 0!l of Pa Hall Lamp (al0e) Harvard Brew.__. Hazeltine Corp t1- Hacla Min (a10c) Holly Sugar. 50s 86 Hollinger G(t65¢) 9 12% Horn&Hard (1.60) §0s 28 16% 1% T 1 1% 22% 11% 20% l 10% 11 63% 45 5% 1 2% 11 9% 50 11'% Hudson Bay Min & Sm(a50¢) Humble Oil (1) Hydro Elec Sec__. 1 3% Hygrade Food 3 1% I Pw&Lt $6 pf__ 300s 30% Imp Oil Ltd coupon (t60e) . 10 Imp TobGB&I 29 1 58 187% 6 53 18% (1.07 7-10) - Indiana P L (3 Insurance Co of North Am (2).. 200s Int] Hydro Elec System cv pf Int Petrolm(t135) Irving Air C(160¢) 1 Ital Superpwr(A) 2 Kans G&E pf (7). 10s 107 Kirby Pet (a20e) - 1 2% Koppers Gas & Coke pf (6) Kreuger(G)Brew Lake Shore M112) Lakey Fy & Mch . Lehigh C&N(50¢) Leonard Oil Lerner Stores (2) Lone Star Gas 30c Long Island Light pf B (6) 258 Louistana L&Ex 3 McWi1ll Dredg(+2,700s Marvl'd Casualty 2 | Mead John (t3) Mercantile Stores Merritt Chap & Scott pf A oo Middle States Petrol vtc A __.. Mohawk Hudson 1st pf (4) Mohawk H 2d pf .. Molybdenum Mont Ward A (7). Murphy Co (1.60). Nat Bella Hess 334 b'a 69% 1008 13 8% 33% 1 3"; 50s 9874 49 1 1 = 1 258 T4 50s 31'y 10 13 708137 6135 733 14 10 . 108 7 1 Nat Inv pf (24) Nat Rubber Mach Nat Service 3 Nat Transit (80¢) 4 NJ Zinc (2) . __ 200s Newm Min (al1)_ 5 N Y P&L pf (6)-_. 10s N Y Transit (30¢c) 1 ; Niag Hud Pw 32 Niagara Hudson Pw (A) war__ Niag Sh Md B Nipissinz(al21%e) Noma Elec Corp. . North Am 1.&P Nor Am L&P pf Northn Ind Pub Svc 6% pf (3) 20s 62% Ohio Brass B (1) 50s 30% Ohio Oil cu pf (6) 51041 Ohio Pwr pf (6) 408110%; Pacific Eastern._. 1 3% PacificG& E 1st of (1%) 1 28 758103 2 38 99 Parke Davis (+1) 2 | Parker Rust (3)_.200s Pender G (B) .1 Pennroad Corp | Pepperell Mfz (3) 20- | Phila Co (80¢) Phoenix Secur Pan-Am Afr (1) | Phoenix pf (3) Pie Bakerias (6 Pierce Governor Pines Winterfront Pioneer Gold Mines Ltd (80c) Pitney Bo P (20c) Pitts Plate G(12). Potrero Sugar. Pratt & Lamb (1) Prod Royalty 2%e Properties Realty vic (al.45) Puget Sound Pw & Lt $6 pf Pyrene Mfg(a20¢) QuakerOats pf(6) Red Bank Reliable Stores Root Petrolmeum Root Petroleum [ P S 3 1008 16'3 5% 140 % 7 an% 1008 1 10s 1 1 Royal Typewriter 5 Ruberold (o (1) 5008 | Saf Car H&L (3) - 300- | St Regts Paper St Regis Paper pf 20- | Salt Ck Cons b10e 11 | Scovill Mg (1) 258 Selected Indus 8 Selec Industries allot ctfs (3%) 3508 | Selec Ind pr (3%) 250s Shattuck Den Min 3 3% Sher-Wilms (4).. 5110 Singer Mfg (16) 208282 Sonotone Corp 23 2y South Am Gold & Plat (40c) 9.4 Sou Penn Oil1.40. 9 25 Southn ColoPw A 2 Sou'land R(120e) 13 Spanish&Genrcts 5 Sq Deal pf A 2.20 200s 35 Square Deal (B) 1 33% Stand C&S (2.40) 150s 34% Suwand Ol Ky (11) 6 Stand Oil Ohio.... 3 Stand Pw&Lt Stand Pw&Lt Stand Silver & L. Starrett Corp .. Starrett Corp pf _ Sterling B (a7%). Stetson (J B) . Stutz Motor _____ Sunrav O11 Sunshine Min 1.60 Swift Inu (2) Swiss-Am El pf Tampa Elec(2.24) Tasteyeast(Del)A Technicolor Inc Texas Gulf Prod xon O&Ld (80¢c) | Tob Prod Ex(10¢) | Todd Shipyard (2) Toledo Edison 2 30% Trans-Lux Daylite Pic Sn (20c) Tri-Contl C war_ Tubize Chatillion. Tung-Sol Lamp . Union Gas (Can) (allc) Unit Corp war. Unit Founders | Unit Gas Corp Unit Gas Cor war Unit Gas Corp pf. Usit Lt&Pw (A) Unit Lt&Pw pf Unit Shoe M 121 100' U S Elec Pw ww U 8 Foil (B) (§0e) 17 Unit Stores vte__. 7 United Verde Exten (f20c).. 6 United Wall Paper 15 Univ Prod (a80c)- 50s Utah Apex 1 Utah P&L pf $1%. 758 Utica G&E pt (7). 105 Utiliues P&L Utilities P&L pt 200- Venezuela Petrol. Waco Alrcraft. Wahl Co.__. Waitt & Bond (B) Walker (Hiram) .. Walker(H)pf(1). Wayne Pump. W Va Coal&('oke. Western Auto Supply (3) A West Tab&Sta (1) Westvaco pf (7) Woodley Pet (40¢c) Woolw (F W) a73 9-10¢) Wright Harg t40e Yukon Gold .. 5 2 1 2 1 7 3 508 3 48% z2 6 2 2T% 8 ™ 3 1% that it will redeem on November 1, at 101, -$2,500,000 principal amount of the debentures. ’ § 16% 1 10% 208127 127 127 1 6% 6% 64 63 5% 2% % 11% 86 63 5% 2% 9 11% 86 12% 28 Horn&Hard pf(7) 60s106 106 106 80'/. 18% 33 5% 68% 68% 8% 33% l’i% 81 33% 13\/. 107 104 1 2V 9874 9874 12% 12% » 4R 2% 67 “|of more intensive promouon of this 13 20 1 74 311 12% 136 130 4 314 125, 136 135 624 30% 104 110 3% 281% 103 38 2%, 441 _‘ butter more than counteracted the re- 16% % 5 140 140 1 1 TZ'z 3% :u 108% 109 279 2719 2% 2% 3% 245 2 2 3015 30% 108106 106 106 3% 1% 5 8 3% 1% 5% 8 484 % Th 258104 104 104 2% 27% T TH 1% 1% % | gains,” | ing 4| abroad during 1936. :i decline in spot cotton. (U. S. Steel A_l_‘rears WASHINGTON, EXPORT INCREASE OUTWEIGH LOSSES U.S. Manufactureré Report 79 Per Cent of Group Have Gained. By the Associated Press. NEW YORK, September 30.—Far ‘more gains than losses in export trade for 1935 compared with last year were reported today by members of the American Manufacturers’ Export As- soclation. In a survey of manufacturing con- cerns in 23 States, the assoclation found 79 per cent of members in- creased exports this year afainst last, and Z1 per cent reported losses. “The greatest gains were reported by felts of 100 per cent,” the survey ascertained, “an expansion of 78 per cent by automobiles, paper and sta- tionery 61 per cent, automcbile parts, accessories and equipment with an average of 50 per cent; sanitary ware of 50 per cent, confectionery products of 40 per cent and woolen goods, mo- hairs and velvets of 35 per cent.” Losses from last year ranged from 9 to 10 per cent, it was found, and causes for the slump were assigned to such factors as strikers, rising costs |under N. R. A, diversion ir the line- | up of foreign purchasers. | “Of the concerns who ate making the association . declared, “practically all of them were expect- to increase their ¢istribution “Many ot them were increasing | their foreign organizations insthe spe- cific countries, and a large number were contemplating the dévelopment | part of their operations.” Commodity Price Changes for Week BY H. N. McGILL, Editor. McGill Commodity Ssrvice. Inc. Auburndale, Mass AUBURNDALE, Mass., September | 30 (). —Commodity prices during the | final week in Septembder again | bounded upward, continuit'g the rapid price upswing, which started last July. ‘The latest index figure (1926 equaling 100), is 75.1, which compar#d with 68.3 | on the same date last year, or an in- crease during the past 12 ronths of 10 per cent. Industrial activity gained substantial headway toward higher levels during the month cf September | and the latest estimate s 185 per 25 per cent last June. The significant feature of price changes !s that the revival is general and not limited to a few groups. A week ago seven | groups advanced and oniy two de- lined, while five remained unchanged. During the past week Iine groups reached , higher levels, ovly one de-| clined. while four remained un- changed. Industrial prices moved moderately upward, yet the level was not compar- able with prices that prevailed a year ago. Farm Prices Advaace. Agricultural prices 1cached the | highest point since last May. It is of | interest to note, however, that during the week there were more declines | than advances, but the desree of price | | strength in wool, sugar. flaxseed and action in wheat, corn, cats, barley, cotton, eggs and potatoes. Live stock prices were :tronger, re- flecting price strength in hogs, sheep and lambs. The price average for | cattle was slightly lower. Fuels represent the onlv group that registered weakness. The decline was | of a limited character and was caused | | by a price revision downward in coke. | Paint materials register=d a sizeable | quotations for linseed oil. litharge and | | rosin. Lower quotations were recorded | tor shellac and turpentine. Fine textiles successfully moved up- ward and price strength in wool and silk more than counterac’ed the price Coarse textiles also moved upward, caused by higher price levels for bur- | lap, hemp, jute and sisal. Vegetable Oils Soar. Vegetable oils recorded the sharpest | gain of any group. This was largely | | due to China wood oll, which reached a new peak of 37 cents as compared with 14 cents in July of “his year and 915 cents a year ago. Four other ols, namely, linseed, cottonseed, cocoanut and corn, also averaged higher in price. Most important price changes in the McGill weekly commodity index (1926 equaling 100), were as follows: | Vegetable ol {OnPreferred Stock | Reported Studied | By the Associated Press. NEW YORK, September 30.—Dow, | Jones & Co. says discussions have been going on recently in various quarters concerning the prospe:ts for paying off accumulated dividends on United States Steel Corp.’s preferred stock. The latest talk, the agency says, is that something may be done even- purpose of getting these accumulations out of the way. As of December 31, next, the corporation will owe its preferred stockholders $16.25 a share in back wdividends which calls for an outlay of $58,545,679 to pay off. There has been no intimation on the subject from authoritative sources, the agency says, adding that the management would na‘urally wish to withhold comment until something more definite had been worked out. COTTON SALES KEEP PACE WITH PRODUCTION By tk. Assdciated Press. NEW YORK, September 30.—Do- mestic cotton mills have sold & volume of cloth about equal to production during the past two weeks, according to the New York Cotton Exchange Service. This enabled the mills to maintain the improvement noted in August and early September, when sales exceeded current production, the exchange said. English and Japanese mills have sold more than they pro- duced in the last fortnight, it was stated. PARIS EXCHANGE RATES. ptember 3C_ (). 114 D. C, cent below normal as compared with | gain under the leadership of higher | | tually with the capitalization for the | Fahio Auto Production Climbs to 15,994 Mark After Lull Speclal Dispateh to The Star. DETROIT, Mich., September 30.— Following a long period of weekly detlines in passenger car and truck production in the United States and Canada, the total output last week took an upward turn, which will grad- ually be accelerated for several monchs. ‘The number of units produced last week totaled 15,994, compared with 12,600 the preceding week, the lowest point of 1935, according to Cram's Reports, Inc. A year ago last week production was 37,234. Reason for the current increase and a probable continuance of weekly gains during the next few months is based upon the fact that several plants reopened and started the manu- facture of 1936 models, which will be exhibited at the national automobile shows in November, GASOLINE PLANT CONTRACT SIGNED Pan-American Places Order for Making of Anti- Knock Auto Fuel. By the Assoclated Press. NEW YORK, September 30.—The | Pan-American Refining Corp. ai nounced today the closing of @ contract with the Foster-Wheeler | Corp,, New York, for the construction of a catalytic polymerization plant at fts Texas City, Tex., refinery. The cost was estimated unofficially at about $1,000,000. Officials stated: “This plant is de- signed to utilize a new process for converting waste refinery gases into a very high anti-knock gasoline to be used as a blending stock to improve the anti-knock qualities of ordinary gasoline. MONDAY, SEPTEMBER 30, 1935. WAR SCARE HELD TRADE DETERRENT Fears Have Curbed World Upturn, National City Bank Reports. By the Assoclated Press. NEW YORK, September so.—m uncertainty created by tension over the African war situation has inter- fered with the natural progress to- ward business recovery throughout the world, according to the monthly review of business of the National|f City Bank of New York. [ ‘The large transfers of capital out of Europe to this country for safety is but one of the disturbing elements | I in the present picture, the review says, adding that instead of being in- tended for permanent investment in American industry, foreign funds impart no lasting benefit to the coun- try. because they will be withdrawn as soon as conditions abroad improve, thereby creating fresh problems and uncertainties. “The gold is not neeaed,” the bank says. “In fact, it is a menace, since bank reserves are already sufficient to support a credit expansion far greater than any this country has ever known, and additions to the gold stock only increase the temptation and the pressure to put it to inflationary uses. “The whole world is suffering from the disorder in trade and currency re- lationships of which these gold move- ments are symptoms. The struggle to restore prosperity is handicapped because it is on a restricted basis of trade and narrowly protective policies. The result is that in all countries the peding the domestic recove OTIS GETS CONTRACTS. Otis Elevator Co. during the last two taling $157,650, it was announced. export industries are lagging and im- | NEW YORK, September 30 (#).— | weeks has been awarded contracts to- | FINANCIAL. WORLD LEAD OUTPUT SMALLER FOR AUGUST B the Associated Press. NEW YORK, September 30.—World lead production in August totaled 126,- 672 short tons, compared with 128,470 in July and 114,158 in the same month a year ago, according to the American Bureau of Metal Statistics. Output in the United States was 30,- 807 tons against 30,488 in July. INSURANCE STOCKS nnmbzr 30 ll’v ~New York Becurliy Deslers: Association Bid. Asked. 87 9‘1" 1t Actna cas (2120) Agricultural (3) - Am Ine Newark ( Halifax (.90) Hanover "(1.60) Hartford Pire ( Home Pire Home Ins (215 Homestead (1) - Lincoln Fire - Mass Bond ver Bhoenix (2isa) Prov Wash (1) __ 8t Pau: Pire (715 Sorinefleld (41) Sun Lif re (1.608) Westchester ‘(1.30a) 3 a—Including extras &—Declared or paid so far this year. MONEY FOR CONSTRUCTON i LOANS d LOANS ON IMPROVED PROPERTIES 515% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER | Successor to the business of | JAMES F SHEA 643 Ind. Ave. N.W. The Way to “Home” ++++ Leads Through A Savifigs Account P LANNED Savings is the shortest, surest road to building plans! 4 4| @ Start to save methodically . . . TODAY. Save “The Fidelity” way. Every dollar that accumulates will be a really big step toward home owner- ship . . . or to provide READY CASH for some other desired purposel % Paid on Savings | —Compounded S emi-Annually from the date of payment to the date of withdrawal. ® No restrictions on the amount you may deposit, or withdraw. The Fidelity Building & Loan .’ Association MA OFFICE. 610 13th St. T B A ] “The product will be supplied ex- ' | clusively to the American Oil Co., East Coast marketing subsidiary of the Pan-American Petroleum & 'Ihn.sport Co.” Design work on the duelopment now is under way, officials said, and work on the ground is expected to | start within 45 to 60 days. Plans call | for completion of the project within about nine months. An operating force of 30 to 40 men will be added to the Pan-American staff in Texas City. | The catalytic polymerization process was developed by Standard Oil of Indiana, which is the major stock- holder of Pan-American Petroleum & Transport, and the Universal Oil| Products Co. A similar plant is operated by Shell Oil in Chicago. BOND SALES LIGHT. NEW YORK, September 30 (Spe- | cial).—The sales of new Canadian | issues during September amounted to only $2,323,600, as compared with | $13,383,000 in September, 1934, ac- cording to statistics prepared by Dominion Securities Corp. This fig- ure was exclusive of the Dominion of | Canada Treasury bills sold during the month amounting to $35,000,000. FEDERAL LAND BANKS NEW YORK September 30 (P Land Bank bon Bustations at 2 o'elock.) 3 bHiE U. S. TREASURY NOTES. (Repo:ted by Chas. D. Barney & Co.) Rate—Maturity Bid U. S. TREASURY POSITION. By the Amclltofl Press. $1.805.798.9: ‘Customs receipts for the month. S Receipts !or the fiscal year (since July SO5 O8L11: expenditures. =S1. P28 ireluding XBSh Abo:16 50 ncy SEpenditur ka0 47, s decre der the previous da . $0.1125.976.085.96. Recelpts for September = 1934, (com- parable date last nnn expenditures, $24.459.035.29; net balance, .608.05: custn‘ms receipts for of $3.170.- Gold as- : expenditures. 24.00 including $815.219.433.79 of emergency gxpenditures: excess of ¢ penditures. $536.- 210.559.67; £20.151,008.08; FOREIGN MARKETS. By the Associated Press. LONDON.—Without the usual week en accumulation of orde: wing to political uncertainties. trading ‘was quiet on the Stock Exchan, Some professional selline eaused. lm-edxed Securifies to ease. while other sections drooped due to lack O SUpPOrL A 10w nGusFIALS Were supe ported._The market closed irregular. PARISA selling wave oh the Bourse today due to uneasiness over the Italian- Ethiopian and Memel situations. augment- )y the usual month-end liquidation, drove prices lower. tes. bank stocks and most industrin] and infernational 1s- sues declined. The closing wa: BERI N—Trldinl vlll lli(leu thmu he s session on the Boerse. e n quiet. with prices lower. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on luy Monthly Payi mu RIS —Three ’l:.nlnmn "% drance 80 centimes; '"ner':' nige on London. 74.57. The dollar was quoted at 15.17%. Before There Was a Washington Monument ¥n September. 1845, Joseph € Lewis apenedian office opposite the “Patxiotic Bank on Seveath Street” to represent The Mutual Benefit Life Insurance Com- pany of Newark, N. J.. and during that month he insured nine citizens of Washington and Georgetown for $26.000. So far as known this was the first opportunity given the people of the Distriet of Columbia t o take advantage of the then “brand-new” device for protecting the future of their families and themselves. During the ensuing ninety years many millions of dollars have been paid by the Mutual Benefit to Washingtonians, while over 24 million dollars of contracts remain in force in this office. We. the present-day agents of the Mutual Benefit. try to uphold the tra- ditions of intelligent and conscientious service created by our predecessors. .Ifl wrtence C/l Od[e AND ASSOCIATES 925 Fifteenth St. RAYMOND L. BLAND RICHARD H. BREADY GEORGE C. CAMPBELL H. LAWRENCE CHOATE JAMES A. DeFORCE Life Insurance & Annuities JOSEPH W. GIBSON GEORGE E. HARRIS GEORGE T. HOWARD ADOLPH KRECHEL LEGG, GRIFFIN & CO NAtional 3740 FRANCIS F. MILLER EDWIN P. PARKER FRANK D. ROACH CHARLES M. SCHWAB CROOM WALKER To the Holders of Manitoba Power Com Limited a4 5Y%2% First Mortgage Bonds Series “A” Due 1951 M Series “B” Due 1952 ANITOBA POWER COMPANY, LIMITED is one of five companies in the Winnipeg Electric group. HE General Plan of Consolidation and Readjustment for these companies has now been formally approved by the bondholders of all the companies except Manitoba Power Company, Limited. THE original meeting of Manitoba Power bondholders was adjourned to October 10, 1935, because there was not a sufficient amount of bonds represented to comply with certain unusually exacting provisions of the Trust Deed. I 10, 1935. T is distinetly in your interest for the adopuon of the Plan to be facilitated by its approval at the meeting on October OLLOWING this approval the necessary shareholders’ meet- ings will be called as soon as possible. Upon the Plan becoming operative, steps will be taken forthwith to effect the exchange of your bonds for the new General Morigage Bonds under the Plan on which interest will accrue from Jan- uary 2, 1935. The accrued interest will be paid at the time the exchange is made. O bondholder will suffer any disadvantage by promptly sending in his proxy, nor can any bondhoider obtain any advantage over others by deferring action, because if the Plan is approved, it will become lnndmg on all the bondholders and others concerned, and if it is not approved, it cannot be earried out. Whether the amount of your holdings is large or small you should send in your proxy immediately. For a copy of the Plan, proxy forms or additional information of any kind. communicate at once with the nearest one of the following: AGENCY THE ROYAL BANK OF CANADA 68 William Street, New York City AGENCY BANK OF MONTREAL 64 Wall Street, New York City $ OLD COLONY TRUST COMPANY 17 Court Si MANITOBA POWER COMPANY, LIMITED Electric Railway Chambers, Winni treet, Boston, Mass. peg, Man. 4