Evening Star Newspaper, October 7, 1935, Page 18

18 #¥%® FINANCIAL. THE J.5. BONDS SCORE SUBSTANTIAL RISE Jain 3-32 to 17-32 of 2 Point—Remainder of Market Steady. BOND AVERAGES 20 Rail Unc. . 81.3 99.4 99.3 98.9 87.0 99.8 922 929 30. 10 10 T'd’st. Util. For'n. +.1 +2 +.2 Net change. Today, 1 p.m. Prev. day-.. 813 Month ago- 83.7 66.8 66.6 68.0 66.2 104 65.5 70.0 973 97.1 98.6 83.9 987 845 88.9 37 682 60.2 low_.. 458 40.0 646 422 high._101.1 9891029 100.5 10 Low Yield Bonds, 1pm. 1097 Prev. day.- 109.5 Month ago 110.1 Year ago. 106.6 1935 high 110.7 1935 1934 high 108.3 1934 1928 high 1044 1932 (Compiled by the Associ 1935 1935 1934 1934 1932 1928 1oW... T45 ated Press.) By the Associated Press NEW YORK, October 17 States Government issues more active buying interest tod scored gaius ranging from 3 17-32ds of a point. Other acuxons of | the bond market showed few im- portant price changes, although the | general tone was steady. Strong spots in the corporate divi- sion included loans of Columbia Gas & Electric. Detroit Edison, Erie and International Telephone. Foreign loans had a mixed appear- ance. Italian Government 7s turned rather soft in the late trading. de- clining around a point. British, French and Polish issues were higher. INVESTING COMPANIES NEW YORK. October 7 (7.—New York Becurity Dealers Association (Noon Quotations.) —United invited a and Asked Admin_Fund “nd 1593 Amer Gen Fauifies - porate T Corp T* A A mod = Corp Tr Accum Ser Corp Tr Accum mo Cumulative Tr Depos Bk 8h N ¥ epos Ins Shrs “A Fidelity Fund Inc Five Year Fixed Tr Fixed Trust Sh A___ Fixed Trust Sh B! Fund Imestors Inc ncorp Invesiors Inv Tr N R vestors Fuid © nvestors Fund of Am Major Shrs Corp - Maryland Fund - Belected Cumul Sh Belected Income Sh Belected Man Trust B Bpencer Trask Fund Bupervised Shrs Trust Pund Shrs Trustee Stand Inc Trustee Stand Iny D Trusteed Am Bk “B' Trusteed Industry S}*n Trusteed N Y Bk Shrs_ FEDERAL LAND BANKS NEW YORK. October 7 (P).—] Land Bank bords i (Quotations as of 2 o'clock.) s Jan L CHICAGO LIVE STOCK. CHICAGO. October 7 (# (U. §. Depart- ment of “Agriculture).—Hogs. 11,000, in- eluding 4.000 direct; fairly active, mostly steady with Friday's average: better grade edium-weight hogs stronger: top, 11.1 ulk 180-240 pounds.’ 10 85a11.10: - 850 pounds 1105: most’ 140 . 10.00. 500! good and choice fed steers and yearlings steady: early top welghty steers. 12.50: several loads, 11.5( lower-grade killers weak; smcke s feeders weak to fdower at 7.75 down: heifers zenemly teadsy. but k 2 tile, 2 icaives Western graders . in stockers: bulls fully steady at indications fully °steady "With Baturday, strong to unevenly higher com- pared with Friday: other classes firm: good io,cholce native and range lambs eligible B0 nd above: best held abo Sinughier ewes: 0084 35. Teeding 18mbs: 8.4029.00: best held above 9. FOREIGN MARKETS. By the Assoclated Press. LONDON.—Trading _on the Stock Ex- ghange commenced the week cheerfully. ‘There was a confident feeling and buying ‘was brisk, with armament shares tenturm: he tradine. Vickers advanced to 1o ings 9 pence. Iron. steel and -utnn ssues were supported in anticipation of orders. Base metal shares also benefited by a rise in those commodities. British Bovernment Stocks, trans- AtIantic and goid shares participated in the improvement. Tne&l%mn‘mne was dflrm n i interpreted the M ftallan Ethionian events favorabiy, nenm bank shares, ;nduslrklls and international issues werc igher and Ae T-rkellclnsed firm. a1 Smprovement 1 pnus ave the Boerse a firmer tone (odaV, Wwith dve shares and steel issues leading the advance. The closing was steady. PHILADELPHIA PRODUCE. PHILADELPHIA, October 7 (®).—Live Fowl: Plymouth Rocks. fancy 4225; mixed colors, : Leghorns, hncy 18a19: ordinary. 13a17: old roost- Bk ducks W‘hue l;elk!‘n‘ Tancy. Bpring, 1781 S, Taa m’nXEYC o FPresh-killed Fo Western in boxes, 18825 nickens West ern, dry-picked and d acked, 22 old roosters, 17a19; snrms turkeys. West- ern, 20a31: Spring ducks. Long Island, 18. VISIBLE GRAIN SUPPLY. NEW YORK October 7 (#).—The visible supply of American grain shows the following changes, in bushels: Wheat increased 1,797,000, corn in- creased 103,000, oats increased 962,000, Tye increased 243,000 and barley in- creased 1,275,000 UTILITY DIVIDEND VOTED. CHICAGO, October 7 ().—Directors of the Central Power & Light Co. today declared a dividend of 43% cents per share on the 7 per cent cumulative preferred stock and 37': cents on the 6 per cent cumulative preferred. The dividend is payable November 1 to stockholders of record October 15, 4th 4343 1933-3% + 1966-60__.0 fll 1946-48 .. 102 381951~ 33 31481941 33,8 1946-56 . 31,8 1944-46 _ 3% s 1940-43 Ju 3% 81946-56 reg. 108 45 1944-54 4148 1947-52 FEDERAL FARM 238194247 ceme. 381947 351949 31,s 1964 2%81939-49. 88 1952__ FOREIGN B Abitibl Pa&Pw b8 ‘63 Adriatic E17s* | Antioquia 7545 A Antioquia 7s 45 D. Antwerp 55 ‘58 Argentine 53%4s " Argentine 6557 A Argentine 6s 59 June Argzentine 6s 59 Oct Argentine 65 ‘60 May Argentine 6s ‘60 Sept Argentine 6360 Oct_ | Argentine 6s '61 Febr | Argentine 6s ‘61 May | Austraiia 4348 ‘56 | Australia 58°65._. \ Australia 68 '57.-. | Belgium 6s°55. Belgium 7s '55 Belgium 78 '56. Berlin 6s'58 | Berlin 64850 Berlin Elec 6158 '51__ Berlin Elec 6238 °59__ Bolivia 7s ‘69 Bolivia 8s'47 | Brazil 635 27~ Brazil 7s '52 Bremen St Brisbane 6s 50 - Buenos A C 6s'60 Oct Buenos A 6s '61 st Pv BuenosA6 % 8'61stPv. Buenos AC6138'55_. Canada 4s '60 Canada 435 '36...... Canada 6s'62 Cauca Valley 7% Chile 6560 Chile 7542 . Chile Mtg Bk 6138'57. Chile Mtg Bk 635'61. Chilean Mun L 7s°60. Colombia 6361 Jan .. Copenhagen 4158 '53_ | Copenhagen 5862 __ | Cordoba 7s°57 stpa - Cuba 5s '04-"44__ Cuba 534345 Cund'amarca 614859 Denmark 5%s ‘55 Denmark 6s 42 " | Dominte 2a 533 40 . Elec Pw Ger 6338 °50. Finland 6s '45 | Finland 638 '5 Frankfort 614s '53 French Gov 7s '49. French Gov 7T3s "41- Ger C Bk A65'60 July Ger C Bk A 63 '60 Oct Ger Prov & City Bk con Ag 6%4s ‘58 Ger Gen El 6s '48_. Ger Gov 638 '65. Ger Rep 7849, GrtBr& Ir6%s Heidelberg 71:s'59__ Helsingfors 65 '60.. Hung L M 7435 '61 B_ Italy 78°61__ Ital P U Crd 78 5! Japan 5%s 85_ Japan 6345’54 Karstadt 63 '43 ct stp Kreu&Toll 6s'69A cts Lombard El 7s '52 Medellin 635 '54_ Merid Elec 7s '57 A.. Milan 6%s 52 Minas Gers 615559 Montecatint 7s ‘37 Sept coupon oft Montevideo 78 '5: Nord Ry 6% '50 Norway bs'63._. Norway 6s 44.. 2 | Norway 6s ‘5. Norway 514s ‘65 Norw Hy El 548 Oslo G & E 5563 Oriental Dev 65 ‘53 Panama 58'63 stp asd Panama 5138’5 Peru 6s ‘60 Peru 6s '61. Peru 7s '59 Poland 6s 57. Poland 8s°50.... Prussia 68’62 ceeae Prussia 6%s '51_ Rhinelbe Un 7s *46 Rhine W EI P 6: Rhine W E1 P 6 Riode Jan 634863 Aug coupon off _. Rio Grdo Sul 63 68 June coupon off .. Rio Gr do Sul 7s '66 May coupon off __ Rio Gr do Sul 78 '67 June coupon off ... Rome 6%s '52___ Sao Paulo St 7s "40. Saxon Pb W 7545 Serbs 7s '62 unm ¢ on Stlesia Prov s Sydney 535 '56.. Taiwan Elec 64871 Tokio 515861 Tokio El Lit 6553 __. Ujigawa EP 78°45... Un Stl Wk 6%s5 47 A. Un Stl Wk 635 '51 C.. Uruguay 6s ‘60 Warsaw 7s ‘68 Wuerttemberg 7s ‘56 Yokohama €1 Alb Per W P 65 48 Alleg Corp b8 '44....... Alleg Corp 58 ‘9_ - Alleg Corp 5s "b! Alleg Corp bs bo stp. Allied Stores 4% s ‘50 Allis Chalm 5s 37 Am Beet Sug cv 6s'40 Am & For Pw 58 2030 Am Icecy 586 Am Roll Mill l%- ‘49 AmT&T ¢%8 39 Am T & T cl tr b Am T & T deb 65 '60. Am T & T deb 53 '65_ AmT&T6%8'43. Am Type Fd 65'40 cfs Am Wat Wks Am Wat Wks 85 75 Am Writ Pap 65 '47__ Anglo Ch Nitr 78 *45. Armour & Co 4%s ‘39 Arm'r(Del)1st s ‘55 . Armstrong C'k ¢s '50. A T&S Feadj 4s°95 _ A T&S Fead ¢s'95 st A T&S Fegn 48’95 A T&S Fedls 48 AT&SFeC A 4%45'63 Atl & Char AL 6s'44_. Atl Coast L 1st 48 ‘52 Atl Coast L clt 45 ‘53 Atl Coast L clt 5345 Atlantic&D 1st 4548 AUG& W 16559 Atl Refin deb 68 '37__ B&o"tsnooob B&OG68'96F.. —ceu BlOref 68’95 C- O PLE&W V 48" anoawns 0 Bang&Aroos 48’5 Bang&Aroos ev 4 Bell T of Pa b8 '60 C... Beneficial L 6846 A 10931 10930 4%8-3%,81943-45 10414 1047 ... 1146 1%81947-52 reg- 1143 10014 10010 9913 5 ——eee. 10214 10211 946-49_____ 1032 1031 am 1949-52- .. 10228 10227 --- 1022 10621 3%81941-43 Mar 1069 1066 1085 1049 1042 106 10 1068 1085 10931 10412 1142 1145 114 114 3 MORTGAGE. 9915 9910 9915 10027 10022 10027 10019 10012 100 17 1024 HOME OWNERS' LOAN. 9829 9826 9828 10012 1007 10012 10130 1023 ONDS. 3014 30% 56 5 3814 677 2914 82% DOMESTIC BONDS. 46 m 45% 6% 101% 101% 10214 10214 69% 69% 70 70 11215 112% 10013 100% 100'3 1125 111% 112 108% 108% 108% 6. 108% 1085 108% 113 112% 113 113% 112% 113 113 112% 113 0% 70 0% 105 105 105 921 92 92% 30 30 30 24 22 28% 103% 103% 103% 94% 94y 948 104% 104% 104% 103 1025 1025 102% 102% 102% 108% 108'5 108% 106% 106% 106% 110% 110 110 104 104 104 34'; 34% 341 46 45 46 106% 106% 106% 100% 199% 100% 57 564 57 106'5 106 12 1% 697 69% 80 29% . 9T% 9T% 9Tx% - 103% 103% 103% 1110 109% 109% 1723 128 12 3 111% 111% 111% Beth Steel 414860 sf. Bom Sti rf db 68 42 Bklyn Edis Bklyn M T bs Bklyn M T 65 '68 A = Bklyn Un El 68 ‘60 Bklyn Un Gas 5s "45 Buff R&P con 4%s ‘57 Bush Term cn 68 "5 Bush T Bldg 6s ‘60 By-Prod Ck 6%s Can'dian Nt R4 %#'51 Can'dian Nt R4%s'67 Can'dian Nt R4%s'55 Can'dian Nt 6869 Oct Can’dian Nr db 7s "40 Can'dlan Pc db4sperp Can' %s Can‘dian Pe ¢%s '60 Can'dian Pc s '44 cfs Can‘dian Pc 65 ‘54.__ CaroC1& O 6s ‘38 Cent of Ga con Cent 111 E & G 58 '51_ Cent N Eng 45 '61. Cent of N J gen bs ‘87 Cent Pac 1st rf 4 Cent Pac 6s 60 Cert'd deb 6338 48 __ Chesap Ccv cl bs ‘44. Chesap Corp bs '47 C&Ogendi;s'92 C&O4%8'9%5B C&OCraig V 5s'40_. Chi & Alt ref 3545 Chi1 B & Q gen ¢s 58 _. ChiB&Q 4%s'77 ChiB&Q 1div4s'49. Chi & E1l1 6551 _ ChiG L &C 55 '37_. Chi Grt W 4s 59 CM&StP 4s 89 _ | CM&StPgn 4%s'89 C CM&SIP 4155 '89 B CM&StP 4%s'89 CM&StP 6-'75 CMStP&P ad) 6s 2000 Chi & NW 41482037C. Chi& NW 435 49___ Chi & NW gn 63 '87__ Chi & NW rf 58 2037_ C&ENW Nr W 6143 '36 Chi R 1&P rf 4s '34 Chi R I1&P rf 45'34 cf. ‘Chl R I1&P 4%s - Chi T H&S 1st 5s'60.. Chi T H&S fne 58 '60_.. Chi & W I con Chi Union Sta 4s 44, Chi UnSta 48°63 ___ Chi1 Un Sta 44363 A | Childs & Co 68 | Chile Cop deb 65 *47.. | Cin1StL&C 4 CCC&SIL rf 4338778 CCC&StLrf6s 41C.. Clev Un Ter 438 ‘17 Clev Un Ter 55 '73 B_ Clev Un Ter 5%s'72. Col & So 4155 80 | Columbia G & K deb 5352 April Colum MG&E 2 May ! Gotombin GRE 63761 Con Coal Md rf 5850 Con Gas N Y 4348 '51. ConGas N ¥ 65 '57 ConG N Y db 534545 | Cons Ry Co 4s '54 Comnmer deb 55 '43 | Contatner 6s 48 Crown C& S 68°47_ Crown Will P 6s '51 Crown Zell 63 '40 ww Cuba Nor RR 5%8 Cuba R R 1st b8 5! Cumb T & T 58 '37 Del & Hud ref 4s‘43_. Del & Hud 535 '37 Den G & E 5s'51 Den & R Gcn 4 Det Edison 4%s'61 D Det Edison rf 5s ‘49__ Det Edison 5852 Det Edison rf 5s 5. Det Edison 55’62 _ Det Riv Tun 432s'61. DulSS & At 6537 East Cuba S 73 ETV & Ga cn bs '66_ ElginJ & E 5s 41 Erfecv 4s'53 A_ Erfecv 4553 B_... Erfe 4s'96.__ Erie gen 45 '96 Erte ref 65 '67_. Erteref 5375 Erie & Jersey 6s'55__ Fla EC Ry 55°74 cfs_ FranSug T%s 42 Gen Cable %4547 Gen Thea Eq 6s 40 Gen Th Eq 6s ‘40 ¢ Goodrich 6s ‘45 Goodrich 6% Goody’r T&R 5s 57 _ GUNRref 448’61 A Gt N Rgen 4138'76 D GtNRgen4%s'1TE GtN R gen §s'73C__ |GtNRb%8'52 B Gt N R gen 7s ‘36 A _. | Gulf M & N 65 '50_ Hoe Val 433599 _ | Hudson Coal 68 '52 .. Hud & Man inc 68 '57. Hud & Man ref 5s '57 111 Bell Tel 68 ‘5 111 Cent coll tr 4s '62- 111 Cent col tr 4s ‘63 111 Cent ref 4555 .. Il Cent 4% 111 Cent 83536 ICC&St L'NO 53 111 Steel deb 4358 '40_ Inland St1 44878 A_ Iniand Stl 435 '81 B IRT lst ref 68'66crs IntR T 6s'32 Interlake 5s°51 Int Cement 6s ‘48 Int Gt Nor 6s°52 A Int Gt Nor adj Int Hydro EI Int Mer Mar 65°41 __ Int Pap 1st bs 47 A__ Int Pap ref 6s '55 Int Ry of C A 6%s'47 Int T& T cv 4%s 3y INtT&T4%s 52_ IntT&T El (18 Inv Eq 55°48 B xw. James F & C 4539 KanCFS&M 4s°36. KanC P& L 4%s 61 Kan C Sou 1st 35 50 Kan C Sou rf in 6s 50 Kan C Ter 1st & KanG & E4%s I0 Kendall 6345 48 ww _ Kings County Elev 4849 = Kings County Light 1st ref os '54 2A s Lake S&M So lv,u '91 Lautaro Nitr 6s N e Leh V Pa con 4s ZOUB L V Pacon ¢%s 2003 Leh v RR con 63 2003 Ligg & Myr 6 Ligg & Myr 7 «. Loew’s 6s '41 Long sl ref 4s 49 Lorrillaré 6s ‘51 L&NG5s2003B.. H‘Cro 'yS63%8'41 filed cRess & R 5%s ‘50 Mlnau Sugar 71:8'42 ctfs stpd mod Manhat R 4s ‘90 Manhat R 4s 90 ctfs. Manhat R 2d ¢s 2013 Met Ed 1st rf 4148 ‘68 Mich Cent 3%s °52._. Mich Cent 4s '40 Mich Cent 4%s Midvale S&0 s '3 MIIER&SL6s MStP&SSM 5%s '49 MStP&SSM 63878 Mo 111 6359 62B _ MoK & T adj 6» 67 Mo Pac 48 76— ccceme Mo Pac 5877 Feee Mo Pac 5878 Goeeeme Mob & Birm 4845 Mohawk & M 45°91__ Monong Ry 1st Mont Pwr ref b -. 109% High. Low. 102'¢ 101% 110'5 110% 781, T8 6% 6% 107'% 107 104'5 104 106% 105% 109% 116% EVENING 2:58. 101% 110t 8% T6% 107's 104% 106 109% 116% 61% 40% 55 831 105% 104 107% 10945 103% 837 1015 96% 109 102% 108 19 46 101 3101 85 1038 10 945 107 2215 110 1055, 874 106' 106 116% 109 mku 505 96'¢ qm 107 1055 | Phila & R C & 1 65 49 10415 19 94y 1034 10414 50% a8, 105% 10 | Rep 18511 5158 '58 1091 Allll 10013 33 1113, 693 58 105% 104 103% 10274 - 114 2% T2 99 20 96% 38% 429 471 121% 133'% 105'% 103 22 72% 67 623 107% 1027% 102% 964 964 101% 1013 14=‘ 664 STAR, WASHINGTON, D. C, MOND AY, 'OCTOBER 7, 1935, BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star, LIBERTY. 10014 1009 4th ¢3(s 33-38 rg 10010 10010 TREASURY. High. Low. 1945-47____. 1008 1005 > 9922 High. Low. 2:58. 97% 97T 91U 108% 103% 103% 91 90% 91 Mont Pwr 68’62 A___ Morris & Co 4348’39 Mor & Esx 3%s 2000 Mor & Esx 4855, 85 Mor & Esx 5355 95 Muiray Body 6%s "43 176 Nassav El 48 °51 gtd. 61 Nat Dairy 6% s 48 __ 104 Nat Dis P C 4%8°45.. 100% 100% Nat Steel 48 °'65 . 104% 104'% New E T&T 2 1207 1207 4% 73 ? 1 30 30 30% 30% 94 938 85'5 85 6615 65 661z 657a Tla 1% 107% 107'% 86's 86!y 102 101, Y Cent rf 4348 20 Crfe%s2013n. Cent ref bs 2013 Cent cv 68 CLSh3%s'9 C&StL 1st4s'37 1g C&StL 4%s 7 Dock 6838 Edison 55 44 B_ Edisref 6%4s'41. Edlson 68'61C . g g 4 106% 110% 106% 110% 22222 22222222227 -<'<<-<-<»<-<»< = = = % NW NH&H el tr 6540 N Y O&W gen 4s 55 N Y O&W ref N Y Rys inc6s'65asst. N Y Rys 6365 A N Y Rys 65’65 A asd. N Y Steam 1st bs N Y Tel gen 4345 '39 NY Trap Rk 68'¢6 stp X\ornOT&LSs'fl Nor'n Pac gen 3s 2047 Nor'n Pac 4s'97___ Nor'n Pac 4%s 2047 Nor'n Pac 53 2047 D. Nor'n Pac 68 2047 Nor'n St P 6s'41 B Ore W RR & N 48 '61 Otis Steel Pac Coast 5846 _ocon | PacG & E 53 'e2 Pac Tel 1st 68 '37_ Param’t Pictures 6: | Parmelee 65 '44 Penn Dixie C 6s'41__ Penn R R 4% 1D | Penn RR 4%s8 8 Penn R Rgn 4% Penn R R db 4% to Gain Profits on Heav- ier Deposits. BY THOMAS E. FLANAGAN, Associated Press Financial Writer. NEW YORK, October 7— New York’s leading banks are struggling up the hill to profits under the bur- | den of heavier deposits. The load is severe, financial circles insist, inasmuch as the first 11 con- REMAIN PROBLEM . Financiers Are Hard Pressed | BUTTER—One-pound prints 2 score) tub, 1-pound prints (410 score) k 1-pound prints (89 score), N'EA’IS Beef. 1120: 10 28 J0aiil: strip picon, compound_ 1 by _the umun States Bureau of to firm. U. 8. | ¢ higher and | Current average. 18l Pr ne T st "farae Teelpts. Baili henny zgs (ncludin S, ex & <) medium anderds. lar LIVE POULTRY—Market full steady to firm at quoted prices. Receipts continue t. Spring chickens in Wit Colored. heaty. 20 : 100, Leghorns, | a - mixed colors lens. ) pounds and up and yoi 14 _pounds and up. old hens toms. 1 | Young, 70al.00 a pair. dition statements, issued last week, indicated that the banks are hard pressed to find places where the funds | may be put out for hire at a satis- factory return. Bankers who cast up totals at the week end noted that the aggregate | deposit total of the first 11 banks to | report had increased by somewhat | space of three months. Loan Totals S On the other hand, that the relatively small net changes in commercial loan totals showed that this important channel into whicn deposits normally flow had not thawed out. The bulk of the deposits which ac- | cumulated turned up in statements in the torm of idle cash. While some of the deposit money | found its way into United States Government bonds, the upturn in this item, which amounted to about $16,- 000,000, was regarded by bankers as | trifling. In fact, it was the lack of uniform- Low. of Government obligations which ar- rested most attention in Wall Street, sharp gains in some institutions be- ing offset by abrupt drops in others. Firms Have Cash on Hand. Bankers who discussed the current condition statements today said they see little promise of putting enormous mound of deposits to work in the near tuture. In the first place, they pointed out, ;| Penn R R 5864 | Penn R R 6%8 36 Penn P& L 4%s Peo G Lt&C r: Pere Mara 4348 | Pere Mara 1st 65 ‘66 . | Phila Co 6367 Phila E1Co 4871 _. | Phila E1Co 4%5°67 Phila& RC& 168’73 1071, 1085 Philippine Ry 48 °'37 | Phillips Petr 5% '39 Pillsbury I M 6343 H!I . mw. 10715 1071, 1097, 72'a 53'2 53 30'; 30 10715 10 971y 97 981y 105 94 104"« 1065 10475 104 1017 107 | Porto Rico A T 6542 al Tel & C 55 '53. PubSE!I &G 4s T1__ | Pure O11 43 | Burity Bak | Reading R 4%8'97B Reading Jer C 48 '51 Rem-R 6% 847 A ww Rep 1&St] 5840 Republic Stl 4125 '50 | evere Cop&B 65 '48 Richtield Ofl 65 ‘44 | Richfield O 6844 cfs " RG W 1stexin 4s'39 RioG Wcol4s'49 A StJo Ry L T&P 5s ‘37 | St L IM&S R&G 4533 StLRM&P 58555~ StL-SF 45’50 A St L-S F 48'50 A ef: |StL-SF4%s"18 sstpu/.n cf st | Seabd A L 63 45 A __ 71 | Seabd A L 6345 cfs . | Seabd A-F1 6s'35A ct 5 | Shell Pive L bs 52 _ 3 10015 8012 320 1113, 69 58 10513 1041, 103% 10274 114 2% 72'5 9873 16'5 96% 381y 42! 471, 1217 1334 105 1001 118 T4 11214 106 107% 101% 10615 106 7 79 79 “80. 103% 10315 1033 *43.. 107 107 107 | Sharon S H 5348 48 1034 106 | So Bell T&T bs '41 1008 So Colo Pwr 63 47 A So Pac col 4s°49 _ So Pac ref 4s 55 _ So Pac 415868 _ | So Pac 4145 '69 So Pac 414581 So Pac Ore 4%s'T7__ So Ry gen 45 '66 A. | So Ry 6s°94 i So Ry gen 6 | So Ry 6%8'66 Southw Bell T 5s 1 Stand Ofl N Y 4%;8'51 | Studebaker cv 6s 45. | Switt & Co 3%s'50 Tenn C&I RR 5s'51... Tenn El Pw 6547 A_ Term As con 5s '44 Texarkana 6%s 50— Tex Corpcv 53 44 Tex & Pac 58 '79 C... | Third Av re Third Av 1st 5s 37 Truax T C 613843 | Un EI L&P 68 '67 Un Pac 1st 48 °'47 Un Pac 4s 68 | Un Pac 1st rf 48 2008 Un Pac 4%8 67 Unit Biscuit 6850 | Unit Drug bs ‘fil U S Rubber Utah L& T Utah P& L 6s'44 Ut P& L bs Util P& L 5%s 47 Ver Sug 1st 7s efs | Va Ir C&C 1st 58 43 | Va Ry 4%8'62 B.... Wabash §s ‘80 | wabash 1st Wabash 2d 68 Wahash 51875 ctfs. Wabash Term 4s 54 Walworth 6s 45 A Walworth 6s 45 ctfs_ | Walw'th 63 '35 ww. Walw'th 6125 °35 xw Warner Bros cv 6339 ¢ Warner-Quin 6s ‘39 __ Warren Br cv 6s "41 Westchester L &s '50 WPaPilst5s'63E__ W PaP1st5s'56 G W Sh 1st 45 2361 gtd. West'n Md 18t 4s 52 WestnNY&P 1st5s'37 West'n Pac 53 °46 A West'n Pac 5846 A as Wt t'n Un cl tr 65’38 West'n Un 5s ‘51 West'n Un 5s "60 West'n Un 6%s ‘36 Wh & L E con 4s 49_. Wheel Steel 4% 3 '53_ Wheel Stl 63848 A W Sp Stlcon 7s '35 ct W Sp Stl 1st 7s '35 ct. Wis C 1st gh 4549 Wis C S&D ter 4s'36. Youngtn S&T 68’70 B Youngtn S&T 5578 A U. S. TREASURY NOTES. lReparlefl e Chas. D Blrney Iz Co.) STEEL QUOTATIONS. NEW YORK, mbfl‘ 7 IM —8teel prices per 100 boundt. . Pittsbu ll gnnesled sheete 298 eel bar ! 98% | | columbta ¢ g | | many industrial corporations which | usually leah on the banks for com- mercial funds, already have more cas! on hand than they need Secondly, they pointed out. the ris- ing pile of excess funds long ago ab- sorbed virtually all available and eligi- ble securities, driving them up to ? | prices at which they no longer carry | attractive yields. . Washington Exchange SALES—AFTER CALL. Capnal Transit Co.—10 at 1 Bld and Asked Prices. BONDS. PUBLIC UTILITY. B: Amer. Tel. & Tel Amer. Tel & Tel Anacosuin & Pot 1155 c Georgetown Gas 1 Pot. Elec EFuu Cons. 5s_. Barber & Ross | Chevy Chase Club Col. Countrv Club W. M. Coid Storage STOCKS. PUBLIC UTILITY J | Wash: Ry, & Eiee. 5. 317 103 BANK AND TRUST CO\'F\\Y i Nationa) Union « 50 TITLE INSURANCE Real Estate’( Carpel COI’D Lanston_Monotype (41 Mergenthaler Lino Peoples Drus §. prd Real Est- M. & G, ptd Security "Storage | Ter Ret, & Wh. Com, (3) Wawd. & i SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) filh&-Clmlmfl s Co. Am Tel ‘ Bethiehem Steel Calitornia Packing Canadian Nor Ry Ches, & 'Qhio Ry L k Co 10578 43% Den & Rio Gr 4l | Edison EL Illum. 45 | Gen. Pub. Service 5! | Golhum Silk Hos_ tis nd Tr Canada ts Grert Northern By Tilinois Central tiigs ‘1 i Intl Ttl l\ Tel. 4135 14: ce Erie €st 0. Warner Bros bs 1 West. N. Y. 1057 T s than 472 pou: up, 1: Leghorn hens 181243113 colnred J.a 207 colored cahorn Cenickens. D6 3 hen turkeys. 20: young toms. 3 14; No. white ducks. 412 pounds. up 18; small, 15; colored ducks. 14: geese, Buftter 6. (93 score) extra first! 89) 2412825 86-87) standards (0" centralized carlots) 30. Steady; gxtra firsts, 26%a3 ded firs! current _re. rcmxemor extras, 25 firsts. 25, 14: Rock Springs, 18 kRock brojlers hundred'l!l(hl Idnho Russets U 8. No. 05’15 monly i commerclnl 1"2’:! B Triumphs 140855; ‘Wi und whites Nol 10%w sales R0agh: Minnesota Cob: blers. commercial, ‘1» cobblers U. S. No. B, 4 uaa. U. 8 No1.13 MONEY MARKET. NEW YORK. October 7 (#.—Noon, prime commercial paper. % ver cent; for: cign exchange firm: demand rates (Great Britain in dolllrs others in cents), Great Britain, 4.893 . 6.59 luly 8.15; Germany. 40. 8.7 CUBAN SUGAR HIGHER. NEW YORK, October 7 (#).—The | average price of Cuban raw sugar, excluding the duty, delivered at New York, duriag the first nine months of this year, was 2.278 cents a& pound, River Oht Colorado Metures compared with an average of 1.322 ity in" the trends of bank holdings | the | offer. | itnea fowl: Fruits and Vegetables. Sales in large lots by original receivers x toda No ‘cariot arrivals ong broken | and one unl Bus Jberal market No. 1. ialincl m nimum, around | Sivaso more than $500,000.000 in the short | it was noted | York and one ie broken #nd two Supplies mod -pound . Doul.d sacks doi Fen ved rol track X e Colorado arr J LS unbroken ca V.r.u demand | d rado. standard and Jumbo “Crates. all sizes, 11‘ | er York whshed 4" dozen, ‘. ree by n.r. No carlot D VEGETABLES. Carrots Alsa Steads Orezon_ Bos ORANGES—-Two Ca el baskets, shel baskets 1 baskets. FIGS- —Cal. | . PEPPERS— L C. L Exoress Arrivals, Florida. avocados. )i limes C‘u ornia. G 4 known origin, 'M'LELLAN STORE SALES LAG BEHIND YEAR AGO By the Associated Press. NEW YORK, October 7.—Septem= ber sales of McLellan Stores amount- ed to $1523,677 against 1588950 in the same month last year, a decrease of 4.1 per cent. Sales in the first nine months were $12,876,980 com- pared with $12,890,257 in the same period last year, a decrease of 1.1 per cent. NEW YORK PRODUCE. NEW YORK October 7 (. —Egss. 52 Arm. Mixed colors: special packs 1 SeIGELIORS fromm fress peceipts. S d commercial standards. rsts. 27a27's; mediums. 40 poun z: dirties No. 1. 42 pounds. 2 nd des or small 26: aver- refrigerators, special standards o 25a251; checks, high- 2: Creamery. : extra (41 score). 05148269 sece ‘Centralized = Bitter. 12.13 steady er than extra v (8 cy to speci ts. held 1 S AP Erelght grades Live poultry nominal. unqu: MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES 5Y2% FIRST DEED OF TRUST ONLY GEORGEI. BORGER to 4 e ES B 643 Ind. Ave. N.W. cents in the same period last year. one | FINANCIAL. INFLATION FEARS Adds to Bank Reserves and Threatens Runaway Climb in Prices. BY GEORGE T. HUGHES. | Special Dispatch to The Star. NEW YORK, October 7.—As the | flow of gold to this country rises in | | volume, a situation is created unpre- | | cedented in the history of the world The United States already had, before the present influx began, the largest store of gold any country ever | had at any time. Now, with the possibility of a general European war | | still more | looming, more gold and . I gold is coming as fast as ships can | be provided to carry it. It raises the fantastic question as | to what would happen if we were to accumulate all the gold there is. What | would be the value of gold in that| case? How could the rest of the | world continue to regard it as a mone- tary base? Of course, that position |is still a long way off and it is im- but it is not impossible. Total About $9,400,000,000. As it stands, this country has about | $9.400.000.000 of gold in the present | devalued dollar. The 10.000,000,000- mark is in sight and something like 11,000,000,000 would give us half the world's supply of gold. The golden stream first turned thjs way when the dollar was stabi- |lized in January, 1934, and, with ‘01.1}’ minor interruptions, has been running ever since. First, it was the return of Ameri- can capital taken abroad during the later stages of the depression. Second, it was a result of the fact, now slowly betommg evident, that in | price of gold at $35 an ounce dollar was greatly undervalued. By this is meant that, with international credit relations and international trade what they are and with the gold value of other currencies what it 1s, 1t ought not to take $35 buy an ounce of gold. Per! ought to take more than $20.67, | certainly not as much as $35 proof of that is the fact present price draws gold to the Un States as a magnet picks up the ste filings Internal Effects Feared. No one need waste I the worries of the hoarder of There are plenty of other more deserving. The really a is the econon ser effect of this mountain of gold. We have more gold than we need, more than we want and more than we can make any wise use of. The re- is to add to the excess re- of the banks and threaten a runaway rise prices. There are economists who say this will not nec- essarily happen, and it may no it 15 a cause for deep anxiety (Copyright 1025, Newspaper sult serves by the No rth American Alliance. I | 54 'pmlmb]e that it will ever be reached, | IDLE BANK FUND3 GOLD FLOW STRS v atiomear iy In National City Bank’s Deposits By the Associated Press. NEW YORK, October 7.—The condition statement of the National City Bank of Nev York as ot September 30 shows deposiis of $1,599,594,000 compared with $1,394,- 604.000 as of December 31, 1934, Total funds invested in Government securities aggregated $436,427,216 against $431,938000 at the end of 1934. Total assets were against $1,640,111,000. The statement of condition of the | Chase National Bank as of September 30 shows total resources of $2,220,- 541,052, a gain of $192838000 over the total reported on June 29, last, and $445,652,000 higher over the to- tal-as of September 30, 1934. The statement shows deposits of $1,951,532,091 as of September 30, a gain of $191.403.000 since June 29 and 70,000 since September, 1934. $1,824,654,000 Chicago Grain By the Associated Press, CHICAGO, October 7.—Word that the League of Nations had approved sanctions against Italy rallied the wheat market late today, but failed to overcome entirely losses that pre- ceded. Late advices were that the League greed to apply economic and finan- cial sanctions. No mention was made of economic sanctions. Wheat closed nervous, der Saturday's finish, December, 107°.a34: corn. '; off to ". up: De- cember, 643;a% oats at ', decline, and provisions showing 7 to 15 cents ag fal7: une 48 1460 1470 Chicago Cash Market. h wheat, No. 4 red 1.05% -06 ple grade. 92 No. 1 hard, 3 h 5: No. 4 hard, 2 mixed, 90'2: No. 1 2 yellow, 90*-91: No. oats, No. 2 white. 35° 'xr\ te. 31-34 ‘w 4 white, 2875« 4 4',-28; no rye: soy w. on track Chicag nominal; feed, 35-50 mal 50-78: timothy seed. 2.40-70 per edweight: clover s=ed, 11 rdredweight 2 78 Liverpool Grain Prices LIVERPOOL Octobder —w tures clased oa Newberry (J. J) Co—September sales were up 15 per cent; nine months up 4 per cent. First Mortcace Loans District of Columbia, Nearby Maryland and Virgini % Terms from 3 to 15 years RANDALL H. HI NER & CoMPANY MORTGAGE LOAN CORRESPONDENT e S S 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 Eqmlable Co-Operative Bldg. Ass'n ASSETS $6, ORGANIZED 1879 492,976.24 55th YEAR COMPLETED Subscriptions for the 109th Issue of Stock Being Received Do You Desirealoan —on Real Estate or to Take Up First Mortgage? 'HOSE desiring money to purchase a home, refinance present il property should consult us. ndebtedness or improve Applications will receive prompt and courteous attention. Loans Repayable Monthly Take 12 Years to 915 F St. N.W LONG TERM pay off loan i Mortgage Loans Repay Your Loan Nat. 1741 5% Monthly Payments of $6-60 on each $1,000 borrowed, include interest and' n 20 years. @ Interest charged only on unpaid balance of principal. ® Amount loaned—up to 60% of appraised value. ® Valuable prepayment privi- leges. Other plans of financing first mortgage loans available H. L. RUST COMPANY 1001 Fifteenth St NAtional 3100