Evening Star Newspaper, November 29, 1935, Page 23

FIN EUROPEAN TENSION DEPRESSES BONDS Foreign Issues Move Lower, but Domestic Groups Continue to Rise. Bond Averages 20 10 Rails lndul Net change +.3Unc. +.1 Today, noon 84.0101.4 99.3 Prev. day. . 83.7101.4 99.2 Month ago. 81.4100.1 985 Year ago... 849 90.8 841 1935 high... 87.8101.4 99.8 1935 low. 764 922 845 89.4 929 889 745 73.7 68.2 60.2 458 400 646 422 101.1 98.9102.9100.5 10 Low-Yield Bonds. Ty., noon109.5 Prev.day. 1093 Month ago 109.5 Year ago_ 107.7 1935 high. 110.7 1935 lew. 107.9 1934 high_ 108.3 1934 low. 99.1 1928 high_ 1044 1932 low. 868 (Compmed by the Associated Press.) 10 10 5 porn. Unc. 69.3 69.3 69.0 68.1 70.4 65.5 70.0 By the Associated Press. NEW YORK, November 29.—In- creased political tension in Europe was an adverse influence in the foreign sector of the bond market today, but domestic issues continued to point toward higher levels under a fairly active trading volume. Italian Government 7s, under pres- gure from the opening, yielded 3'% points in the first hour. At 53! the loan was only about 3 points above its extreme low for the year. German, Australian and Japanese obligations were traded at fractionally lower lev- els. Argentine issues also lost ground, but Brazilians rallied sharply on the reported epding of political disorders. Low-priced rails and the general run of secondary utilities were in mod- erately good demand -at improved prices. American & Foreign Power 5s moved up 23 to 693 and Interna- tional Telephone 5s reached 753, up 1. VIRGINIA BANKING GROUP WILL MEET Bpecial Dispatch to The Star. TAPPAHANNOCK, Va, November 20.—The fourteenth annual meeting | of the Virginia Bankers' Association, | Group 6. will be held hefe Saturday, December 7. The business session will be held in the courthouse at 3 p.m. The Rev. M. F. Roberts will deliver the in- vocation The address of welcome will | be delivered by Mayor H. C. De Shields. The response will be made by Thomas H. Blanton, of Bowling Green. The banking act of 1935 will be{ discussed by Blake T. Newtgn, attor- | ney. J. Marshall Lewis, Gloucester, will speak on “How to Increase Earnings.” “Banking Education and Public Relations” will be the subject of an address by S. M. Janney of « Fredericksburg. | ¥ The annual banquet will follow at | the Riverside Hotel. William G, War- | ing, chairman of Group 6, will preside. J. Boyd Sears of Mathews County | will speak. _ VOTE HITS BONDS OF NEW ZEALAND, Labor Victory Brings Decline in Security Quotations on London Market. By the Associated Press. LONDON, November 29.—Following labor's decisive victory in New Zea- land’s general election, the Dominion government bonds are fluctuating widely on the London Stock Exchange. Despite a declaration yesterday by Michael J. Savage, prime minister- elect, that his government would not embark on any financial experiments, New Zealand bonds were down today from 1 to 3 points. In Wellington they are reported to have held firm. New Zealand bank shares also re- flected a certain amount of uneasiness in London, although there was little actual selling of either government bonds or bank shares. —_— U. S. BOND HOLDINGS OF BANKS STILL RISE By the Associated Press. Further gains have been recorded in holdings of direct United States Gov- ernment securities by member banks of the Federal Reserve system in lead- ing cities. Recent increases have been attributed chiefly to subscriptions to larger Treasury bill offerings. Total holdings of Federal obligations by the reporting member banks in 101 cities compared as follows: Week ended November 20_ $8.333.000,000 eceding week 2 TR295.000.000 me week last n-r. ,000,000 ‘DIVIDENDS ANNOUNCED o NEW YORK, November 20.—Dividends declared: Accumulated. Stock of Pay- Rate.riod. record. able. $1.75 .. 12-9 12-30 No Action, Natl Silver pfd*_ Regular, isk Rub Corp ptd_$1.50 1212 1-2 grade Sivan Gorp.50¢ @ 13-15 1.3 () Paid S1 @ nnce January 1934. CHICAGO HVE STOCK. CHICAGO, November 29 () (Upited ‘S‘ooo D 6000 direet aekies 'u to ‘25$|lner er than W Wednesd B S8, tis Publishi Lugls . B aic 5.000: cary ex 060: avo . B, Ves, t Tiedd weedec-out international carior atecrs sale: market on such kinds strong at .00 up to 15.00; ume -t £15:00 scaled 985 pounds: some her: regular TRut el L S e Ao l l, weal muen du'n “d cows of value to noo upwum e ey o teady . at 5.75 a 1%’3 toer Un 8cl Wk 83861 A= l of i 19958 |'3 i':'fi‘if s 2 | U 0a11.65 and better: choice 9.28 ewes. 4.505.50; *most e iated Fecelpts tomarrow: > 500; hoss. z.ooo. S b NEW YORK PRODUCE. YORK., November 29 wl.—-lulur. Tt exire (02, seores. 4 ores), 31%a32%: cen ANCIAL. By private wire direct to The Star, Approximate Transactions Today. TREASURY. High. Llow. I1%s “05-41.._. 100 22 100 2¢ 10020 0.emme 0929 9925 9928 —meeme 10217 10213 10216 memee 10217 10215 10217 3% s 194/ —eeee 10317 10814 10317 1949-52.... 10313 10313 10313 10721 10721 10721 944-46 10426 10423 104 25 940-43June 1077 1074 1074 6 ... 10830 10830 10830 4-54 ... 11019 11016 11019 0%.-!“! 1943-45 1056 1054 1056 41,8 1947-52 ____ 1153 114311152 FEDERAL FARM MORTGAGE. 351947 -. 10110 10110 10110 351949 10025 10024 10224 3%s 1964 -- 10214 10214 10214 HOME OWNERS’ LOAus'sn 2%,51939-49... 9915 9913 ::‘1'952... —--- 10022 10020 10022 FOREIGN BONDS. High. Low. Abitibl PI&P' 58 '53. Argentine Arezenti Argenti % 105% 105% Austrian 78’57 90 90 Batavia Petr 4%s 42 Belgium 6s ‘65 Belgium 645 '49.. Belgium 7s ‘55 Belgium 7s '56 . Berlin 6128 '60 Berlin Elec 6 Berlin Elec | Bogota 8545 Boltvia 7s ‘68 Folivia 78 69 --—noms Boilvia 8s 47 Brazil 6%s 2| Brazil 6%s 2 Brazil 7s'52. Braz) 8s ¢1. Bremen St 7s Brisbane 58 '57 Brisbane 6s '50 Buenos A C6% Buenos A 6s ‘61 st P BuenosA61;s'61stPv Buenos A C 6s '60 Oct Bulgaria 7s July coupon off ... Bulgaria 73;s'68 May coupon off ... Caldas 7% Canada 4 111 111 1074 107% 5 110% 119% 115% 116% 107% 1072 28's 28Y% 28% 28% 32% 12% 5% 6% Canada 6s '62 Chile 6s '60 . Chile 6s 61 Sept.. Chile 6562 __. Chile 65 63 _ Chile Mtg Bk Chile Mtg Bk 61 | Chile Mtg Bk 6% s'61. Chilean Mun L 7s '60. Cologne 6%s '50 Colombia 6s 61 Jan. Colombi 6s 61 Oct. Copenhagen 6 ‘63 Cordoba 7s '42 Prv_ | Cordoba 7s'67 stpd. | Costa Rica 78 '61 A Denmark 43s 62 Denmark 53%s ‘56 Denmark 6s "¢2 Dominic 1st 5% 842 Dresden 7s 45 | El Salvador 8s 48 ct_. Estonia 7s 67 Finland 6s 4o | Finland 6%s 5 Frameric In 7 GerCBk A Ger CBk A Ger C Bk A 65’60 Oct Ger C Bk A 7550 Ger Gov 614565 stpd- Ger Prov & City Bk con Ag 6%s'58 . ___ Ger Rep 7s'49 stpd_._.. Good HS & 17s GrtBr & Ir 5% GrtCElJap 6 Heidelberg 738’50 Hung Con M 7s 46 Hung Con M 71845 unmat coupon on... Italy 7s°51._ ItalCrd P W Ital P U Crd 7s 5. Japan6%s 65 caaaa. Japan 6%s 54 ... Karstadt 6s'43 cfs___ Karst 6s '43 ct st prin Kreu&Toll 55'69A cfs Lombard E1 78'62 _.. Merid Elec 75 °57 A. Met Water 535 '50.. Mex 4s '54 asst_ Mex sf 55 '45 asst. Mex Ire 45543 asst_ Milan 63852 Minas Gers 6%s ‘58 Sept coupon oft Minas Gers 6%s '59 Sept coupon off. Montecatini 7s '37. New So Wales 5s '57. New So Wales s "58.. Nord Ry 6%s '50 Nor Ger L1d 68’4Tnew Norway 6s 63 102% 102’% Norway 6%s ‘65— 10315 103% Norway 68 43 .ceee.. 1 Norway 6s '62._. Nuremberg 6s°52___. Oriental Dev 53s°58. Oriental Dev 6s '53.. ‘37 514 41% 16% 16 65% 102 102% lfil‘i 102 1023 152 46Y% Pnu sta Ry 7s '42 Pernam 7s ‘47 Sep! coupon off ... Peru 6 u 78 '69. Poland 6s '40, 8% 8% 178 Poland 7s '47. 103 103 IOD Poland 88°60 .. 92% 92% Prague Gtr 1%. 53 108 103 IOI Prusst: ———— 2TH% 2TH 27% cewee 28 28 28 '41-... 111 111 111 Riode Jan 6%s ‘53 Augcouponoft .. 14% 14% Rio Gr do Sul 7s'67 June coupon off.... 15 Rome j } J——— 4% Rumania 7s ‘59 Aug coupon off_.... Santa F Arg 1e'62stp. Sao Paulo St 6s ‘68 July coupon off ... Sao Paulo St 7s Sao Paulo St 7s '56 Sept coupon off ... Sao Paulo St 85 '50 16 “% 25% 63 16 16% 32% 25% 25% 101% 101 80% 80% 9% 80 4% 33 33 37% 38% 39 ‘Tokio E1 Lt 6863 ‘Tyrol Hy El 7 Ujigawa E P 78 5 Un St! Wk 63847 A Venetian M G B 78'52. Vienna 6s°'52 Mayco Warsaw 78 ‘58 Westphal El P 6s ‘53 Wuerttemberg 7s *56.. DOMESTIC BONDS. 54% 32% eg Corp b uu Corp b3 'so tp. A 8 5’| Allted Stores 438 '50. m 99 Alleg Valley 48°¢3__. 1084 108% 108% Allis-Chalm 48°¢5... 111% 110% 111 . 4 v 5% | -| Can'dian N 68'69July C 14% | Eri 101% & THE EVENING STAR, WASHINGTON D. €, FRIDAY, NOVEMBER 29, 1935, «{Dividend in Stock" BONDS ON N. Y. STOCK Wigh. Low. 2:55, Allls Chalm 6s '37 . 101 101 101 /| Am & For Pw 113% 118 1113% T2% T2% 2% Am Wat Wks 5s u - 110% 109% 110 Am Wat Wk 99% 99 99% Am Writ Pap Anglo Ch Nitr Ann A 1stex in 4s'95 Armour & Co 4%s '39 Arm'r(Del)1st 4s 55 Armstrong C'k 4s ‘50 A T&S Fe 4s '05: 10415 104% 104% 94% 94% 94% 104% 1045 104% 4 10215 102% 1085 109 105% 105% A T&S Fe ¢%s 48 '53. AUCLuUn4%s 64 Atl Coast L clt bs '45 Atlantic&D 1st 4548 Atlantic&D 2d 4s "48. At1G & W L6559 _ Atl Refin deb 6s '37._. Aust & Nor §s '41. B&O st 45’48 60 5 th 106% 1064 % 100% 100% 100% 100% 58 584 106% R&Oref6s'95C B&O PLE&W V B&OSwnhs's Bang&Aroos cv 48’51 Bat Crk & St 3s'89 Bell T of Pa 5s 48 B. Beil T of Pa bs'60 C... Beneficial L 6s '46 Beth Steel 41,8 '60 st Bos& Me 4%s'61J_. Bos & Me 5s '55 Bos & Me 5s '67 Bos NY A L4s'55 _ Bot Con M 6%s ‘34 ct. Bklyn Edis 5s'¢9 A__ Bkiyn M T bs 49 A_.. Bklyn M T 65 '68 A__. Bklyn Un El 65 '50 . .. Bklyn Un Gas 5s 50... Bklyn Un G 57 Buft R&P con 4% 13% 107% 107% 104% 104% 1067 106% 108'% 108% 104% 104% . 109% 109% 109% 64% 63% 64% 46 45 45 65% 65 105% 105% 105% 109% 1087 109 1094% 109 109 10815 108% 108% 111% 111% 111% 112% 112% 112% Bush T Bldg 58 '60 . Calif Packing s 40 Can'dian Nt R43,s'51 Can’dian Nt R43%8'56 Can'dian Nt R4%48'57 Can'dian NtR4%s'55. 'dian N db6 18’46 | Can'dian e dbssperp % | Can’dian Pc 4%s "60. | Can’d‘'an Pec 58 ‘54 CaroCl& Q55’38 Cent «? Ga b8 59 C. Centof Gartb 9 Cent IIIE& G 5s 51.. Cent N Eng Centof NJ Cent of N J gen 104% 104% 104% 1084 108t 108 141 18% 14% 13% 13% 97 9% 101% 101% 101% 86% 86% 86% 93% 93 93 110% 110% 110% 1143 116 118% 118% 111 111 110% 111 40% 41% 5 107% 107% 105% 105% 1091 109% Cent Pac 5860 . Cert'd deb 5% Chesap C ev ¢l Chesap Corp bs *47._. C&Oren4iss'92 . C&O4%8'93 A_____ C&O4 [ Chi & Alt ref 3s'49 Chi B & Q gen 4s 5! |Chi B& Q4%8*17 ChiB& Qref 58'71__ 1 Chi B&Q | div 3% 849 Chi & E 111 55 '51 Chi G L &C 55 '37 Chi Grt W 4s'59 Ch11& L gen 58 Chi] & L gen 68 '§6 ChiT & Lref 6s 47___ CM&SP gn 3% 8'89B. CM&StP 4s 89 CM&StP gn 43 ‘8 CM&StP 4%5 89 £ CM&StP 4% 89 CM&StP bs 75 Chi & NW rf 58 2037_ C&NW Nr W 61,536 Chi R I&P rf 4834 Chi R 1&P rf 45'34 cf_ Chi R &P gn 45 '88 Chi R I&P 4%s CR I&P 4%s'52 (fs.. Chi R 1&P 4%s '60 2| Chi T H&S 1st 5560 Childs & Co bs '43 Chile Cop deb 53 *47 Cin Un Ter 58 2020 B. CCC&StL gen 4s Clev Un Ter 4%s '17_. Clev Un Ter bs 73 B. Clev Un Ter 6%s'724 Colo Fuel & Ir 58°43_. Colo Ind cl tr 55 3% Col & So 4145 '80 ¥sst. Columbia G & E deb 5352 April Columbia G & B 105% 112% 109'% 37 % 3% 103% 103% 103% 108% 108% 108% 106% 106% 106% 105% 105% 105% 100% 100 100 102% 102% 102% 102% 102 102% 47 41 47 504 50 50 76% 16 76 93% 93 934 . 1081 1031 103% 107 107 107 107 107 107 26% 26 26% 27T% 274 27% 12 1% 12 11 9% 10% 218 20% 20% 107% 10735 107% 109 109 109 104% 1047% 104% 112 112 112 54% b54% b4% Con Coal Md 6860 cf; Con Gas Chi 5s'36 ConGasN Y 4%s Con Gas N Y 58 '517.... ConG N Y db 53%s'45. Container deb 5s "43. Cuba RR ref 1%! ki Cuba Nor RR § 4 Den G & E 5s ‘51 Den& R G cn 4s t. Den&RGrtbs 78 _. Detroit Edis 4s'65 E._. Det Edison 5s '52 DulSS&At5s'37 __ % | Bast Cuba S 7348 '37.. E Tenn lien §s 98 69% 68% 68% 68% 67% 68% 115% 115% 115% 17 117 117 96% 964 96% 92 92 92 9% 9 9 8% 854 32% 32% 32 Erle & Jersey 63 55, Fed Lt & Tr int 5543 Fed L& Trés'54¢ B FlaECRy 68'14 - Fla EC Ry 5s '74 of: ¥ran Sug T%s'é2.... Gen Cable 5%s°47 . 100% 100 100 Gen Pub Sve 514s'39. 103% 103% 103% Gen Steel C65%s8'49.. 85 84% 85 Gen Thea Eq 68’40 .. 19% 181 18% GenTh Eq6s'40cfs_. 19 18 Goodrich 6s 45 ... 102% 101% 101% 108 108 108 Goodrich 618 47 ... Goody'r T&R 68 °57-.. 104% 104% 104% 51 50 50 107% 107% 107% Gould Coup 6s°4 Grand Rap 1 l%l 41 68°36. 103% 103% 103% A. 107 107 107 93% 93 93 93 92% 9 101% 101 101 105% 105 105% 10215 102% 102% 78 78 78 85% 84% 85% 00 99% 100 62% 82% 62% ll’% ll’“ 119% 31% 31 31% 81 80% 81 102% 102% 102% Gulif M&N 53 Har Ry-P C 18t 48'54. Houston O1l 638 "40... H’satonic con bs Hudson Coal b8 '52_. Hud Co G 1st 55 "49__ Hud & Man inc 68 '57. Hud & Man ref 68 '57. 111 Bell Tel 33570 111 Bell Tel 63 °66 __. 111 Cent coll tr 48 '53.. 111 Cent coll tr 4s'53. 111 Cent ref 48 '66._.. Il Cent ¢% 866 11 Cent Lou 3148 53_. NO 3 1221 122 122% | IntRT 78'33.. Int Ag col b8 Int Cement b Int Grt Nr 5 Bou. Int Grt Nr'ss 'u C... Int Grt Nr Int Hydro El 68 '44... Int Pap 1st 68 47 A.. Int Papref 68'65 ... Int Ry of CA 6s'4i._ Int T& T cv ¢ % IntT&T4%s [ o IntT&T6s'66 ... Inv Ea 5848 P ww ... lowa C 1st&rf 4s'51.. James F & C 4 Kan CFS&Mr{4s’ sot. KanCFS&M 45°36. Kan CSo 1st 38 60 .. Kan C So rfin 50 KanG & E4%s'80__. Keith 6s '46 Kings County El&Pw 64 62 62 104% 104 104% 93% 93% 93% - 106% 106% 106% 102% 102% 102'% 112% 111% 111% 102% 102 102 T4% 73 13 5% T4% T4% 102% 102% 102% 99 99 99 98% 98% 98% Lake E&W 2d 5s'41__ Lake S&M So 3345'97. Lautaro Nitr Leh C&N 4%s 99% | Leh V Pa con Leh V P cond Len V RR con Ligg & Myr 5s'51.... LiRR & Myr 78 44— Loew's6s 41 ____ Long Is| 4849 . Lorrillard 6s '51.... La&Arkbs 69 ... 80% 79% 80 L & N unit 4s°40 __ 107% 107% 107% L & N 43%82003 C.... 102% 102% 102% L& N522003 B ____. 106% 106% 106% L&NStL3s'80 ____ 76 76 16 L & N S0 Mon jt 4 80 80 80 M'Cro'yS5634s'41 filed. 112% 112 112% McKess & R 638 '50_ 102% 1025 10215 Manati Sug 7%s'42__ 2215 22 Manat! Sugar 7%s '43 “ ctfs stpd mod 22% 224 Manhat R 4s 90 684 68 Market St Ry 924 92% Marion St Sh 80 80 Mead Co 6s 45 100% 100 Met Ed 1strf 43 108 107% Met Ed 1st rf 65 '63.. 105% 105% Mich Cent 4s'40 103 103 M1 £ R&S L 63 §: 103 102% MiI B R&S L f 68 °71. 10215 1024 Mil No 1st 4}4mex'39. 75% 754 Minn & S L 5534 cf: 5 % MS1P&SSM en Ol 35% B4% Y 45 45 121% 121% 121% 134 134 134 104% 104% 104% 99% 99% 99% 118% 118% 118% MOK & T 1st 45 'S0 MoK&T4s 62B.... Mohawk & M 489 Monong Ry 1st 4560 Mont Pwr 5562 A_.. Mont Tram 68 "41____ Morris& Co ¢ %lois. 2 98 101% 1043 Nat Dairy 6% Nat Dis P C4 New Or P S 58’63 A NewOrPS5s §5B New Or Ter 1st 4s New Or T&M 4% New O T&M inc5s'35. Or T&M s '54 B New Or T&M 68°56 C. New Or T&M 5%s 54 N Y Cent 3%s YCrf4%s2013n.. Y Cent ref 53 2013 C Kbk FEEEN z2Z W 13 weo#zzazz 2ader a3 of y8s incés’65asst. e g 4 CLE 111% 111% 111% 14% 13% 14 98 97% 88 13% 13% 13% 114 113% 113% 107% 107% 107% 103% 103 103 103 103% 103% 108% 10&% 108% 2% 2% T2% 102% 102% 102% 89% 89 89 9% 9TU 9T% 97% 96% 222222272 Norf&W PC&C North Am Co s North Am Ed € Nor'n Ohto l'l: RAILROAD BUYING| Results in Substantial Demand for Steel. BY J. G. DONLEY. Special Dispatch to The Star. - NEW YORK, November 20.—The story of the business recovery to date is & record of restored power, plus something else. That something is the restoration of a will to buy. First it was the general con- sumer, then portions of the labor group, then the farmers. Significant in the news of the week, therefore, is the growing evidence that the railroads are feeling the buying urge. They have long been in need of many things. Now they are getting the money through rising earnings, and Is Annouynced by American Cigar By the Associated Press. NEW YORK, November 29.—Direc~ Previously the company paid $2 quarterly. Both dividends are payable December 16 to stock of record De- cember 3. The company is controlled by American Tobacco. Washington Exchange SALES, Potomac Electric 6% pfd—10 at 110. Mergenthaler Linotype—5 at 35, 5 at 35, 2 at 35, 10 at 35. 'AFTER CALL. Riggs Bank com.—6 at 210. the outlook apparently is sufficiently In September, for the first time in many months, the class 1 railroads as & group pulled out of the “red.” And October earnings statements, currently being released, are very good reading, not only because they show large gains in gross revenues—as a result of that month’s run of carloadings above the 700,000-car mark—but because they : hr:: proportion of gross gains over 0 net, ‘The uptrend in trafic and revenues has strengthened the will to buy to the point where a substantial demand road equipment report the most ac- tivity in several months. An official of one concern manufacturing car parts, such as complete trucks, coup- lings, etc, told the writer that the & dozen rallroads in the market for new equipment, while & number of the bigger systems were lining up com- prehensive equipment repair pro- is in the market for freight cars. The Iron Age remarks this week that, while motor car companies con- tinue to take large quantities of both makers are planning a 25-per-cent in- crease in business in 1936 and numer- ous Government-financed construc- buying promises to resume its former position as a leading outlet for steel.” (Copyright, 1935.) CHICAGO PRODUCE. CHI November 29 (#).—] live, 18 trucks; ‘sieady, to Bren: ne::ml‘gu than 4'3 Nlmdl 17. 413 pounds uj 15: Rock Springs. Leghorn chickens. 1 Dresud turkeys steady: you old. 27; young tom: lns than ll pounds. ter. hens, 30: Rt feceipte 27 w ‘extras, 21; standards. 20% tatoes. 117: on track. 438: total U. 8. shipments Wednesday. 352; Thursday. 157: about . steady: " supplies ;na trading very slow. henvy: demand | unclassified Oolonda M:Clurfl U. 8. Nobrasin it Telimos, U 8. No.i. I South Dakota cobblers. ‘partly graded. }ggv,, Minnesota cobblers, partly graded. Seabd A L 6545 efs _ Seabd A-F1 s'35A ct. So Bell T&T 5341 S0 Colo Pwr8s'47 A_ SoPac4%s So PacOre 4%s'77 .. So Pac 8 F Ter 4 SoRygen4s ‘56 A !oRyG 8o Ry SoRy * t"'“ SoRVM&O 4 Spokane Int 5s '55 Stevens Hotel Studebaker cv s '45_ Swift &Co3%s'50 - Ttnn Cent 65°47 Tenn El Pw 6547 A_ indicate, as well, an ability to carry | B firm’s own inquiries showed at least Po Am grams. And a large Western system tion projects are maturing, “railroad | B Nor Pac 6s 2047 Nor'n St P 1st6s’41A. NornStP6s’41B .. Ore WRR&N 4’61 Otis Steel 65 '41... PacG& Ebs'42 Pac RR Mo 1st 45’38 Pac RR Mo 2d 5d°38_. Pac T&T ref 68°52... Pan-Am P C 65’40 ct... Par-B'way 5:&: '5‘1... P-nn Dixte C 6s '41... Penn RR48'62E.... 102% 102% 102% | Term As St L 43 '53 .. 1061 106%5 1064 | Texarkana 6348 '50.. 107 107 107 | Tex Corp v bs 44 104 104 104 |Tex& Pac5s'77B... 101% 101% 101% | Tex&Pac 53’79 C.... 105% 105% 106% | Tex&Pac 69 '80 D ’7% 97 971 | Third Avref s 94 94 | Third A adinex bs’60 loflt 109% 109% | Tol & Ohio C 3% s'60. 40% 40% 49% | Un El1 L&P 68 '57.. 56% 65% b55% | Un Pac lI! l 84% 84% | Un Paoc 4 34 34 |UnPac llt rt 452008 91 91 |UnPacé%s’s? ... 103% 103% 103% | Unit Biscuit 55°'50 . --. 1017 100% 100% | Unit Rys St L 4s'34_. Penn RR 4%s '8¢ 8% | Penn RR oon‘d%-.'eo Penn RR 68 64 - Penn RR gen 58 '68.. Penn RR 6%8°36 __. Penn P& L 4%s 81 Peo G L&Crf 7. Peoria & B 1st 48 40, Peoria & E inc 48°30_. Pere Marg ¢%s 'IO‘._. Phila Co 68 ‘67— Phila& RC&15s'73 25% | Phila & RC &1 6849 Philipptne Ry 4837 .. PCC&S! PCC&StL6s'76 B .. Pitts&WVa 4 %8584, 3% Pitts&WVa ¢345'60C.. Port Gen E1 43%s 60, Postal Tel & C 6 Pressed St1C6s'S3.. PubS £1 &G 4s'T1... Pure O1l 4% '50. Reading.Jer C 45 §1 7 Reading R 4%8'97 A. Rem-R 5%8'47 A ww. RepIr &St168'40 Rep 1&St] 5%853 Republic Stl 438 Republic Stl 5%s '54. Richfield O 6s '44 cfs. 69% 67 % - 101 100% 100% | . 103% 103 108 LR 1st ref 6'66cts. htl'l 6838 ccccan 604 — 104% 104% 104% | Unt Drug bs 53 104% 103% 104% | U S Rubber 58 '47 118 117% 117% | Univ Pipe & R 6s°36 .. 108% 108 108% | Utah P& L 68’44 98% 98 98% | Util P& L 5s '59 ww.. - 107 106% 106% [ Ut P& L 5%a 47 114 113% 118% | vanadium cv 6s "41._ 100% 100% 100% | v'CaP 1at 43834 s . 109% 109% 109% | Wabaan £a+16 B--ee S 1023 10124 102 Wabash 1st 305 24 3¢s | Wabash Sy A Det&C 58 41. 281 27 ‘Wabash 113% 113 118 113% 113% 113% Warner Bros cv 68 '39 8% 73% | warner-Quin 68 -n.. 59 b wnrmn'ue.- 107% 107% 107% - 106% 106 _ 1 W Sh 1st 4s 2061 gtd. 94% " 941 e i West'n Un 4% 106% 106% 106% | west'n Un cl t 104% 104% 104% | west'n Un 68 ‘61 ... 112% 111% 111% | West'n Un bs " 107% 107 107 | west'n Un 6%s 04 304 30% | Wheet Steel 4% 6% W Sp’Stl con 78'35 ct. 34 33 W Sp Stl 15t 18’35 et 15 Wilson & Co 48 °56. -y ::K Youngtn S&T 68"70B. 8 = ]03‘6 1027% 103% 93% 93% 92 92 ‘Wash. Ry. & Elec. pfd.—50 at 108. Potomac Electric 6% pfd.—1 at 109, Bid and Asked Prices. BONDS. Am. Afl for steel is developing. Steel foun- | Chevs Ghase ¢ | dries making,parts for repair to rail- | & Amer. Tel. & Tel. (9 cuml Teaberr o N. . Steamboat Tr. Co. (%) f pig iron and steel, urmequtpmt:fi remen’s _ (1.60 tional "Union (80) TITLE lumbia (.30) al Estate (6) HIACH.IANBOUS Cagpel Corp. (1.60) Dston Monoty '\r‘:o"fi"fix‘—:'f; Lmolyxwe = | REaP B8 I e 6 a ¢ vor Bocumy !wrvn,%z (8).—. 4 a Loth C‘!:no i aX e o wdwd. ’clhron o (20 110 'lx dl'|d!nd. V35 ‘extra. at. FEDERAL LAND BANKS NEW YORK. November 20 (#).—Federal Land Bank bonds (Quotations as of 2 o'clock.) SHORT-TERM SECURITIES. D. Barney (Reperted by Chas a4 Allis-Chaliagrs Co. 5s 1037 1003 Ahscuboge ARG Tel 113 Atlantic' Refining California l‘ltkm( anadian Nov Ches. & Ohio ‘:s *1938 Chi. Gas Lt. & Coke bs 1937 Chi. Northwest. 625 193 Lake Erie & West. 55 Lehigh Valley Coal fis Louisville & Na: Michisan Central 4 mm_, Chi. & St L 48 Rio Gr. Western 4. | Vanadium Corp. 53 wnn. 1047 S U. S. TREASURY POSITION. By the Assoclated Press. vember 26: the month. $27. Receipts for the 1 o $11401,002.838.13: expenditures 098.211.883.18, _including 389.8: 75 of emergency expenditures wndnuns \fil ,149.045.06. Gross 9,585 03.19. » decrease of er u;,e vrevlnus day. Gold Heceints 1934, com- late lls! yelr\ i $14506.600 008 net_balan 62, 1: o 5 5 cuitol;fl receipts (or The month $95 82,7 ipis for the fiscal gear, 81,448,406, 08 50, expendicurce. . 9% 41 047 650,55, | Pactidtne 31467 155:800.68 of emergency rxpenditures: excess of expenditures. $1 6774 gross _debt. 789.70; ssets. $8.11 3 FOREIGN EXCHANGES. W YORK. November 29 (# —Foreign eu’g‘uue : Great Britain in_dollers. in C!nlx Ol‘tl( Britam. Cables, 4.93%: 60-day bill 5714 | TS 97% 106% 1065 1065 111% 111 111 102% 102% 102% 105% 105 105 106% 105% 105% 107 106% 107 28 28 28 95% 944 94% 101 100% 1007 25% 25% 57 F8% 86% 31 A" 103% 108% 103% | & 100% 100% 100% Crechioslos Humanias 811 A umani Ty 28.80; Shan, Mexico Montrest 10 Ne' Yorl 98.87%; Ne: York {n Montreal, 1 n—Nominal. !KII.ADELPHIA ,PRODUCE 10314 108% 1033 | tane T 111% 1% 111% w.oxN " 27 25'/. 28 99% 91 E3t Walworth 634835 cfs | 26 39 38% 38% 107 107 107 108 108 108 West'n Md 1st 48 '5!. - 5% 95 101% 101% 101% # U. 8. TREASURY NOTES. (1 d by Chas. D. Co.. mm Yy 7 & ] o (=) B i " 500 =3 8 5 ) s 2 ==: ey LLEaL i SREREas oottt g233%%382 A facturers of Toungts S&T §a'T8A. 1013 101% 1013 the light truck cal year (since me‘ Bx:el | FINANCIAL INLAND T0 SELL SO MOBONDS = Kuhn, Loeb & Co. Wili Take Ten-Year 3 Per Cent Steel Issue. By the Associated Press. CHICAGO, November 290—L. E.| Block, chairman of Inland Steel Co., | today announced the company would sell to Kuhn, Loeb & Co., New York, an issue of $10,000,000 of 10-year 3 per cent serial first mortgage bonds, series “C,” which would be disposed of without a public offering. Block said the company intended to redeem on February 1, 1936, all of its outstanding series “B” first mortgage bonds at 1023 per cent of the prin- cipal, plus accrued interest to that date. He said Inland was considering plans for additional financing, which, if con- summated, would also involve the re- demption, on April 1, 1936, of all of the outstanding series “A” first mort- gage bonds and the issue of another series of first mortgage bonds. By the AIIMM Press. .m. llnm 'n qui ] lfl' “fl' dency mnflf‘- Fedxtd vecutnics i its. oo iRarte The -“.‘:m"m‘-’e‘« developed irregularit due to month-end 1i Ind: valled in ow st ssues pioved teregulnrly; today. nuefipffi$§r:fl:'?;§m1‘f' “';" The ciosing wi 5 Massachusetts Investors Trust Prospectus on Request l_WilliamW Mackall, Jr. Investment Securittes Blds. 18 Woodward District 8431 | MONEY FOR CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTIES Y FIRST DEED OF TRUST ONLY GEORGEI. BORGER INVESTING COMPANIES NEW YORK. November 20 (#.—New York Security Dealers’ Assdciation: (Noon quotations.) - | Adm Pd 24 Inc. | Euper of Am Tr BB. Super of Am Tr C Super of Am Tr Supervised Shrs_ Trust Fund Shri Trustee Stand In: Trustee Stand Tnv D Trusteed Am Bk “B | Trisiced fndusiry gh Trusteed N Y Bk Ehrs. [ — Graham-Paige Motors Corp.—Com- pany received dealers’ orders for over 3,500 of new model cars. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED ..I:'?.'....".:'s:t.:.'. mmlml- The vosition of th!,’husnry for No- AUCHINCLOSS, PARKER & REDPATH 719 Fifteenth Street WASHINGTON Metropolitan 3116 Our facilities for executing orders in Securityand Com- modity Markets include Direct Private Wires to each of our offices in New York Philadelphia Baltimore ‘Wilkes-Barre Members New York Btock Exchange ‘Washington Stock Exchange N. Y. Curb Exchange (Assoc.) Chicago Board of Trade Chicago Mercantile Exchange Commodity Exchange, Inc. Suceessor to the business of JAMES ¥ SHEA 643 Ind Ave N.W Real Estate Loans In the District of Columbia and Nearby Maryland and Virginia. WEEEERDS Loan Correspondent Metropolitan Life Insurance Company Washington Blds. DL 9486 FIRST MORTGAGE - MONEY on D. C. and Nearby Maryland Real Estate Prompt attention given to all spplications. on Mo Homes. Which is ‘& safe and sound investment. These mortgages are on real estate in the District of Columbia, nearby Maryland and Virginia. request. we will gladly mail & copy of our latest financial statement. CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5Y2% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 EQUITABLE CO-OPERATIVE Buove AssociaTion 915 F STREET N.W, Organized 1879 DoYouDesirealoan —on Real Estate or to Take Up First Mortgage? |OSE desiring money to purchase 8 home, refinance present indedtedness or improve property should consult us. and courteous attention. tions will receive prompt Applica- Loans Repayable Monthly Interest Charged Only om Ay