Evening Star Newspaper, June 24, 1936, Page 19

F BONDS ARE MIXED, U.S. SSUES EASE Corpora'te and Foreign Groups Show 3izable Gains and Recessions. Bond Averages Rafls xrwus &0 Forn Net change. —.1 Unc. Today. noon 92.4 102.8 101.9 Prev. day__. 92.5102.8102.0 Month ago. 91.9102.9 1015 832 971 953 94.3104.1 1025 86.9101.8 993 87.81022 99.8 764 922 845 655 1932 low.... 458 400 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon -...111.8 Prev. day-111.9 Month ago 112.0° Year ago.110.0 1936 high. 112.3 1936 low.. 110.2 1935 bigh. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 86.8 (Compled by the Assoctated Press.) 70.1 70.0 68.9 69.1 72.0 68.4 0.4 By the Associated Press. ! NEW YORK, June 24—Corporate jd foreign loans were mixed in the ond market today with sizable gains | nd losses throughout. Gains of fractions to 3 or more Joints were scored by Allis Chalme is, Baltimore & Ohio 4!.s, St. Paul 5, Colorado Industrial 5s, Lehigh Vallpy bs of 1954 and 1964, National Dairy 3%s and Western Union 5s. International Hydro Electric 6s slumped more than 2 points on publi- cation of the first quarter earnings re- port showing a sharp drop in net from the like quarter a year ago. Fractions to a point or more lower were Central of Georgia Consolidated 5s, American Type Founders convertible bonds of 1950, Loews 312s, Pacific Gas 5s and Shell Union 31!is. Italian obligations were irregular. Ttalian 7s, Italian Public Utility Credit 7s and Lombard Electric s were ap fractions to about 2 points. Milan 6125 and Rome 6!2s were off fractions to around a point. United States Governments drifted fractionally lower. Pressure fell on Treasury 3s of 1951 and the 3s of 1946. *FIRE INSURANCE RATE CUTS CRDERED Illinois Call for 10 Per Cent Re- duction Brings Battle With Risk Firms. Ey the Assoclated Press. CHICAGO, June 24—An order re- quiring a 10 per cent cut in fire in- surance rates in Illinois and thmeat- ening to bar companies which do not comply put Ernest Palmer, State di-| rector of insurance, at swords’ poim.s; today with spokesmen for the risk firms. Palmer’s sudden order charged East- ern companies with “profiteering” the State. claimed, to pass along the savings of # recent years in which fire losses have been reduced. Charles R. Street, Western man- ager of the Great American Insur- ance Co., retorted in a statement after | a meeting of insurance officials that Palmer’s order was a “normal political result” of the fact that fires have been relatively scarce. Palmer estimated Illinois property owners had paid $200,000,000 in pre- miums in the last five years, so that the 10 per cent reduction would amount to 20,000,000 in a comparable period. . The director gave the companies until September 1 to comply, his notice went to all concerns, but, his | statement said Eastern concerns col- | lected $47,420,000 of a total of $54,- 869,000 in premiums paid in 1935, *500 BOX CARS ORDERED FOR SOUTHERN PACIFIC | By the Associated Press. BIRMINGHAM, Ala., June 24 —The | Southern Pacific Raiiroad announced here it had placed orders for 500 box | cars, to cost approximately $1,000,000, with the Bessemer plant of the Pull- man-Standard Car Manufacturing Co. The order. which will require ap- proximately 10,000 tons of steel, will be filled during the Summer. It was described in industrial cir- cles as one of the largest car orders cver given the Bessemer plant by a Western line. HITS U. S. GASOLINE TAX. CHICAGO, June 24 (#).—Col. T. H. “arton, president of the Lion Oil Re- ning Co., in a statement today urged o drive of automobile manufacturers cnd owners and all branches of the - 2troleum industry to bring about re- . 2al of the Federal gasoline tax. BOSTON WOOL MARKET. BOSTON. June 24 (#) (U. 8. Depart- 2 _of Agriculture) —Selling was very siricted in the Boston wool market. quiries were being received. But actual i ansactions were confined to small lots. mostly fine original clips of territory wool. Average to good length French combing fine territory wools in' original begs brousht mostly 85a86 cents. scoured n occasional lot containing a E’;métl{mju“ of staple wool brought 87a FREIGHT LOADINGS. W YORK., June 24 (#.—Revenue [reight carloadings on_ railroads reporting loday for week ended June 20 included: 3} Week Previous week. -~ i 64,412 12,285 8,619 8 19.475 June 20. Pennsylvanta o 104006 1 'w York Central ~ 70,535 P;tlsbumh & Lake - 11,910 Norlolk & Western 792 METAL MARKET. YORK, June 24 ==Ca A lron HEQ snzt New *“z‘ antimons, shok RAILROAD EARNINGS. 7 RK, June 24 (P —Railroads mns May net rating income (be- (;e fixed charges and other income) today S - Loui: ;!‘nmlnum. 19 00-2?’0 6o Reacing Co $ MONEY KAB»KET ‘NEW YORK, June 24 (). ~~Call money per ‘cent all day. Prime com- per cent. Time loans dl"»-fl months, 1% per unl kers’ l':at-xwu unchang rne York Rzurvl Bank, 1%; per PHILADELPHIA PRODUCE. 'PHILADELPHIA. June 24 () —Dressed e“l"yl_“:!:h' fresh-killed Wemm, in Li uitry unchanged. it po —Top =~ &rades. az'rsag. 92 ore. 'H‘u'l“‘« M score. 31 score.. ; 89 score. 30%a; 88 score. 30%. ; in| They had failed, he| INANCIAL By private wire direct to The Star. Approximate Transactions Today. U. S. Gov't Bonds... $670,000 Forelgn Bonds ..eeeee- 1.060.000 Domestic Bondsoeeaee- 6.880.000 TREASURY. Close. High. Low. 2% 51945-47 .. 10319 10317 10817 2% 5 1948-51...... 101 26 10125 10126 23%51951-54-——-. 1013 10031 10031 275 1956-60-eeu. 1022 10129 102 38 194648 _ cemw 10512 1057 1057 65 - —emeee 10411 1047 1048 3148 1946-49. 106 106 106 1 949-52 - 10529 10529 10529 941 —-- 108381 10828 108 28 !%l 1944 46_____ 10726 10720 107 20 338 1940-43 June 10817 10814 10814 33%s1941-43 Mar 10830 10830 10830 3%s1943-47 ____ 10814 10810 10811 3% 1946-56 _ 11110 11110 11110 4s NN 54 . 113 11230 113 %83 194345 10731 10728 10728 41481947-52 11724 11724 11724 FEDERAL FARM MORTGAGE 3s I'Jl’l 2 - 10317 10317 10317 10228 10225 10226 1047 1047 1047 HOME OWNERS' LOAN. 238 1942-44 - 10110 10110 10110 2%81939-49 1019 1017 1019 381952 10218 10216 10217 FOREIGN BONDS. igh. Low. Close. 48 484 484 9% T9% T9% 19 19 a Abitibl Pa&Pw 5s ‘53 Adriatic Elec 7s ‘62 Agr Mtg Bk Col 6s ‘47 Febcouon .. Akershus 53463 Antioquia 7s 45 D. Antwerp 6s 58 Argentine hlys 62 __ Argentine 6857 A __ | Argentine 6s 58 B Argentine 6s '59 June |‘Arzentine fs 69 Oct | Argenting 6s 60 May Argentine fs 60 Sept Argentine 63 60 Oct Argentine 6s ‘61 Febr Argentine 6s 61 May Australia ¢%s Australia 58 ‘55 _ Australia 6s 67 Bavaria ¢ 61%4s'45 Belgium 68°65 .. Belgium 6%s "49.. Belgium 7865 Bergen City bs 60 Berlin Elec 6%s ‘51. Brazil 6%s '26-'57 Brazil 6%s "27-'57 Brazil 7s '62 Buenos A C 6s '60 Ocl Buenos A 3s ‘84 Buenos A C 6% °55 Buen A 4% % 8'75 Buenos A¢%s 7!Aut Buenos Alres 4%49-3%s'77 (Pv) Buenos A 6s°61 st Pv BuenosA6l%s'61stPv. Canada 215 ‘45 . | Canada 3%s 61 Canada 4560 Canada bs '52.. Chile 68 °60 Chile 6861 Jan . ccaae Chile 6s 61 Febr..... Chile 6s ‘61 Sept. Chile 6s 63 - Chile 7s 42 Chile Mtg Bk 6s '62 - Chile Mtg Bk GXA!’VI_ Colombia 6s ‘61 Jan _ Colombta 6s ‘61 Oct _ Copenhagen 438 '63_ Copenhagen 6s ‘52 ._. Cordoba 7s ‘42 Prv_ Cesta Rica 7's A 51_ Cuba 5%s 45 Cuba 5%s '53 . Denmark 4%s Denmark 6%s '55 Denmark 6s '42 Frankfort 6158 '63 French G 75’49 un st. Ger C Bk A 6838 e Ger C Bk A6s 60 July Ger C Bk A 6s '60 Oct Germ Gov 5 8'65 st Ger Gov 53 5'65 un st Ger Rep 7s 49 unst Grt C El Jap 6%s '50 Hamburg St 6s 46 Helsingfors 6%s '60 Hung Con M 7s 46 ___ Hunzary 734s '44 Febr coupon on._. | taly 78751 | Ital Crd P W 7s'37 A [tal Crd P W 75 47 B ital P U Crd 78’52 Japan 5%s 65 Japan 6%s b4 Jugos Mtg Bk 7857 unmat coupon Kreu&Toll 55594 cfs Lelpsig 7s '47._ Lombard El 7s '52 | Medelin 61%s ‘54 _ | Met Wat 53%s ‘50 Mex 45 "10-'45asst sm Mex 4s°54 asst Mex 5s '45 asst Ige Milan 6%s ‘52 Minas Gers 6125 58 Sept coupon off___ d Ry 6%s Norway 43 s '65 ‘ Norway 4%s 56 | Norway 55 ‘63 | Norway 6s 43 Norway 6s 44 Norw Hy El 5%s'57__ | Orlental Dev 6s ‘53 | Oslo 6555 Panama 6s ‘62 stp as Paris Orl Ry 6%s 68 Paulista Ry 78’42 __ Pernam 7s 47 Sept coupon oft Peru 6s 60 Peru 6s ‘61 Peru 7s 59 19 99 9% 100 100 1001 100% 1001 1001 100" 10013 101% 107% 107 . 24 108% . 107% 116 100% 17% 127 974 1017% 101% 4 106% % 106% 101% 101% 9% T9% 101% 101% 60% 60% 115 115 33 15 12% 12 16's 65 P Poland 8s Porto Alegre 7%8 '66 July coupon off_ Porto Alegre 8s 61 June coupon off Prussia 6s ‘52 Prussia 648 51 Rhein Main 7s ‘50 Rhein Ruhr 6s ‘51 Rhinelbe Un 7s 46 Rhine W EIl P 6s '55 Rhine W E1 P 75’50 R10 Gr do Sul s '68 June coupon oft. Rome 613s 62 Rumania 7s ‘49 Aug coupon off .___ Sao Paulo C 6%s '57 May couponoft __. Sao Paulo St 6s 68 July coupon off _. Sao Paulo St 7s '40... Sao Paulo St 8s ‘50 July coupon off . _. Serbs 7s '62 unm c o. Serbs 8 Silesia Prov 7s'68 Soissons 6s "36 15% 88% 22 24% 88% 22 24% 26% 26% . 50% 50% 50 150 150 150 103% 103 103% T5% T5% T5% 8% 8% 30 88% 22 2413 Toklo 6%s Toklo El Lt Un St] Wk 6%s 47 A Un Stl Wk 6128°51 A Uruguay 6s ‘60 __ Uruguay 6s ‘64 Adams Exp Alb Pll‘ W Pés 94% 93% 94 89 101% 101% 101% . 189% 138 138% 8% 1% TT% 112% 112% 112% 113 112% 113 113% 118% 11315 108% 1084 108% . 112% 112% 112% 113 112% 112% 113% 113% 113% 112% 112 112 110 109% 110 36% 36% 31 37 37 105 104% 105 Am & For Pw Am 1 GCh6%s Am Roll Mill I'Al 49 AmT& T 6%s 43 Am TF 2%s-55"38-'50 Am Wat Wks 6s 15 Am Writ Pap Am Writ P 6 Anaconda ab ¢%s 60 Anglo Ch Nit 78'45 Armour & Co 4 Arm'r(Del)1st Armstrong C'k A T&S Fe A T&S Feadj 4s'95._ A T&S Fead 48 95 st. ATE&S Fegnds 95... 29% 29% 29 1043% 104% 10415 97% 9T% 9T% 105' 105%; 105% 109 109 109 114% 114% 11* 1 : THE EVENING STAR, WASHINGTON, D. , A8 BONDS ON N. Y. STOCK EXCHANGE: !unmm Atl Coast L 1st4s Ati Coast L clt 48 ll. AtICLun4%s’6s __ | Atl Coast Line 6s 46~ Atlantic&D 1st 45 ‘48 AtlG & W 1 6869 At] Refin deb 68 ‘37 _ Auburn Auto ¢%s'39. Baldwin LoeD 68 °40... lll% . 110 96% 86% » 97% 104% T6% 105 106% 74 112% 86 85 841 96% 41- 102% B&OSwnbs'60 __. Bang&Aroos 4s ‘51 __ Bang&Aroos cv 4s'51. Bell Tof Pabs'48 B Bell T of Pa 58 60 C.. Beth St 4% Bos & Me b: Bos & Me 68 67 Bklyn Cy RR 6s'41 Bklyn Edis 5549 A Bklyn Un E]1 6860 . Bklyn Un Gas 5s'45.. Buff GE4%s'81 B Buff R&P con 4%s'57. Bush T Bidg 6860 By-Prod Ck 5%s 4 Can'dlan NtR4% Can'dian Nmuu'n Can'dian NtR4 % s'66_ Can’dian N 5s'69July. Can'dian Nt 68'690ct_ Can dian P db 4s perp Can'dian Pc 4%s ‘60 Can’dian Pc bs 44 cfs Can'dlan Pc 68’64 __ CaroCl &0V 6538 Cent of Ga con bs 45. Cent 11l E&G b8 51 Centot N J &n bs 87 Cent Pac 1st rt 48 49 Cent Pac 68 ‘60 Cert’d deb b ls 48. Chesap Ccv 6s 44. Chesap Corp bs 47 C&Ogen 4%s 92 C&O4%8'93 A C & O con bs ‘39 Chi & Alt ref 3s Chi B & Q gen 43’5 Chi B & Q ref 6s'71 Chi B&Q 1div 3% #'¢9. Chi & E 111 6s°51 ChiG L & C 6 Chi Grt W 4s 69 Chil& Lref 6s 47 Chi1 & L gen 6s 66 CM&StP 45 ‘89 CM&StPgn 4%s'89C CM&StP 4%s ‘89 CM&StP 6s 76 CM&StP&P adibs: Chi&NW gn 3%s '87_. Chi& NW gn 4s ‘87 . Chi& NW gn 48’87 st_ Ch1 & NW 4158 2037 _ Chi & NW 435 2037C. Ch1 & NW 4% s 49 Chi & NW gn 5s 87 Chi & NW rf 55 2037.. C&NW Nr W 6%5 36 Chi R &P rf 4534 _ Chi R I&P rf 48’34 ef_ Chi R I&P gn 88 Chi R I&P 4% Chi R 1&P 4%s 60 Chi St L&N Me 4s'51. Chi T H&S 1st 68 60 . Chi& W 15%s'62 A_ Childs & Co bs 43 Chile Cop deb 68 47__ Cin Gas Fl 48 '68 A Cin Un Ter 5s°57C_.. CCC&SIL rf 4% 71E CCC&StL rf 62 63 D 2| Clev Cliffs [r 4%s 50 Clev Un Ter 4148 ‘17 Clev Un Ter 58 ‘73 B._ Colo Fuel & Ir 5s 43 Colo Ind ¢l tr 6s Colo & So 43%s ‘80, | Columbia G & B 68 '52 May - Zolumbia G&E §s 2| Comel Inv T 5148 49_ Cons Coal Del 5s 60 Cons Gas N Y 4%s'51 | Cons Gas N ¥ 5857 Consum P un 3%s 66 Cons Pwr 3138 '70 Container deb 5s ‘43 Cuba Nor RR 61842 Cuba RR 1st 65 '62___ Cumb T&T 55 '37 Daytom P&L 3%s ‘60 Del & Hud ref 45 ‘43 Del & Hud 5%8°37 __ Den& R G cn4s 36 _ Nen&RGW 5s'55asst_ |Den & R G rt bs 78 | Detroit Bdls ¢s 65 F. Det Edis 4%s'61 D.__ Det Edis 68 '52 Dul & Ir Rg 5s'37 Duquesne Lt 3%s ‘56 Ed EI I1] BKlyn 4s ‘39 Eriecv4s 53 B __ Erie con 48 '96 _ Erie gen 4s ‘96 _. Erte ref 63 ‘67 Erie ref 5575 Erie & Jersey 6s Fed Lt & Tr os 42 Fla EC Ry 6s ‘74 cfs_ Fran Sug T%s'42 _ Gen Am Inv 5s ‘52 Gen Cable %8s 47_ Gen Steel C 5%s 49 Gen Thea Eq 6s 40 Gen Th Eq 6s '40 cf: Goodrich 6s "45 Goodrich 6%s 47 Goody'r T&R bs Goth Silk H 55’46 ww Gould Coup 6540 Gr Tr'k of Can 6s 36 Great N Ry 4s'46 G . Great N Ry 4s°46 H_ GUN R gen 438 76 D GtNRgen4%s 17E GtNRb6%8'52B. ___ GtNRgen 78’36 A__ Green Bay 68’62 B Gulf M & N 68 ‘50 Gult M&Nb6%s Gulf Sta Stl 6% s 42 Har Ry®P C 1st 45'64. Hoc Val 4148°99____ Hoe(R)&Co 6%s "34_. Houston O1] 6345 "40 H’satonic con bs "37_ Hudson Coal 6s '62 Hud & Man inc 55'57... Hud & Man ref 6s '57. 111 Bell Tel 3% 111 Cent coll tr 4s 52 111 Cent coll tr 45 '63... 111 Cent ref 4s '55 L1l Cent 4% 66 I11 Cent ref 68 ‘556 I11 C St L&NO 5s°51. ICC&StL NO 68 Inland St1 3%s 61 Int BT Ist rf b IntRT IntRT7s Interiake 58 Int Cement ¢s 4 Int Grt Nr 6866 B. Int GN 1st 68’52 A rg. Int Grt Nr ad) 68’5240 int Hydro El 68 ‘44 Int Pap 1st 68 '47 A. Int Pap ref 6566 .. Int Ryof C A 6s°41__ Int Ry of C A 6%8'47. Int T&T cv 4%8 3! Int T&T 4%s ‘63 Int T&T 63 °66 James F & C 48’39 . Kan C F S&M 4s'36.__ KanCP& L 4%s 61 KanCSo 1st3s°60 __ Kan C Ter 1st 48 '60_.. Har LVNY 1st 4s'45 gtd. Leh V P con ¢s2003. . Leh V P con ¢%s 2003 Leh V RR con 68 2003 Loews 3%s 46 Long Isi ret 4549 % | Long 1sl unif 48 °49.. Lorrillard 6851 La& Ark6s 69 ... L& N 1st 452003 unn 48 40 . bs - rt 5'/.! 2003... N Atl K&C 4s'55. 103% 108% 103% 987 110% 100 - 107% 104% 98 8313 1007 116 1043 103% 1027% 9 , 134 134% 48% 111% 86% 108% 105 93% 103 108% 98% 70 69% 69% 69y - 1013 101% 101% 104% 104 104 . 29% 28% 20% 102% 102% 102% 102% 102% 102% 65 63 65 ll\h lll\( 110 110 96% 86% 79 97 51% % 70% 104% 104% 6% T6% 105 105 106% 106% 8% T4 112% 1124 8515 85% 8415 85 8415 841 96% 96% 102% 102% 10815 1034 108% 10815 112 112% 12y 121 128% 128% 105 105% 7979 T8% T8% 98% 98% 105 105 114% 121 109% 8% 59 9754 116 L&NStL3s'80 __. L & N So Mon jt 48’52 McKess & R 6%8 50 Manati Sug 7%s 43__ Man S st 73s8'42cfs. Manhat R 4s ‘90 ctfs. Marion St Sh 6s "47 Market St Ry 78°40 A. MStP&SSM cn 4s ‘38 MStP&SSM 68’38 lt. MStP&SSM 6%s 49 MStP&SSM rf 6s'46A. Mo [1158'59 Mo K & T 18t 45 "9 MoK & T 68 6 Mo Pac 4s ‘756 Mo Pac 68 65 A _. Mo Pac 6s 71 F Mo Pac 6s°'77 F ctfs. Mo Pac 6s'78 G Mo Pac §s'78 G ctfs. Mo Pacbs 80 H _ Mo Pac 6s'81 1 Mo Pac §s '81 I ctf: Mo Pac 6%s 49 A Mcb & Ohio 5s '3| Mohawk & M 48 9’ Monong Ry 1st 4s '60. Mont Cent 6537 _ Mor & Esx 338 2000_ Mor & Esx 43%s ‘66 Mor & Esx 68 65 3 | Nashv C&St L 4s *78 { 103% 105 | 110% | 4614 | 1061 108'% 518 105% 1037 10214 58 5745 | 102% 105% mu 8514 79% | 8 118 Nat Dairy 3% s'51ww Nat (s P C 4148 45 Nat R M Ist4s'51 asst Nat Steel 45 66 New Eng RR 48 5! New E T&T 4%s 61 New E T&T 1st bs ‘52 New Or GNR 65 83 A | New Or PS68 62 A New Or PS 6855 B__ New Or Ter 1st ¢s ‘63 New.Or T&M 6s ‘54 B New Or T&M 65 ‘66 C. New Or T&M 535 ‘54 N ¥ Cent con 4s 98 ___ 20! NYC&StL 4%s 18 __ NYC&StL5%s T4 A_ NYChi&StL6s'38. N Y Conn st 4%s ‘53 N Y Dock 1st 48 51 _ N Y Dock 58 ‘3% N Y Edison 318’65 D N Y G El H&P 45 ‘49 N Y L&W st 4873 . NY NH & H3%s 54 NY NH & H 4s 56 NY NH& H 4s'57__ NYNH&H oss 6T NY NH & H cv 6s N Y Rys inc 6s " fib . N Y lelgen4ys 39 NY W&B 4348 46 _ Niag L&O P 55 '55 - Norf So lstref bs 6 Norf S 1st rf5s'61 cfs Norf & W Ist 4s 96 Norf&W PC&C 45 '41 orth Am Co 68 61 orth Am Ed 6s 69 C orth Am Ed 5%5'63 or'n P gen 3s 2047__ Nor'n Pac 48 97 Nor'n Pac 418 2047 __ Nor'n Pac bs 2047 C__ or'n Pac 68 2047 orth Sts Pw 4345 '61 North Sts Pw 5s 64 Ogden L. C 43 4% Ohio Edison 4s " Ohlo Pub Svc 734546 Ont Pwr Niag 5543 Ore RR & N 4s 46 Ore Sh L 5s ‘46 gt Otis Steel 6s 41 __ Pac Coast 5846 PacG & K 4s 64 PacG&Ebs 42 . _ Pac RR Mo 1st 4s "38 Pac T&T rf 3%s'66 B Pac T&T 1st 58" Pan-Am P C 65 40 Par-B'way 6%s '51._ Param’t Pic 6s 55 Park-Lx 6%s ‘53 cfs._. Parmelee 6s 44 Penn Dixte C 65 '41_ Penn P & L 415 81 _ Penn R R3%s*70C.. Penn RR con 4s 48 venn RR 4s 63 Penn RR 414= 81 D__ Penn RR 4%8°34 _ Penn RK gn 418 '65.. Penn RR db ¢3%s 70 Penn RR gen 53 68 Peo G L&C rf b8 47 Pere Marq 1st 4s ‘56 Pere Marq 43%s ‘80 Pere Mara 1st 5s ‘56 Phila B&W 4843 Phila B&W 41557 Phila B&W 4158 ‘81 Phila Co 53 67 Phila E1 Co 4%s '67 Phila & R C&! 68 '73.. Phila & R C&1 63 49_. Philippine Ry 4s ‘87 .. Pillshurv Fl M 6s 43 PCC&StL 4155 63 1 _ | Pitts&\W Va 4% 8'58A. < | Pitts&W Va 4% s'60C. 10254 1024 114'% 100 341 36% 11% 84% 11% 43% 96% 84 963, 88% 93 811 87 93% 48% 484 111% 111% 86% 86% 108% 108% 106 105 93 931 1027 102% 108% 108% 98% 98% 69% 70 961 96% 96l 102% 102% 102% 102% 1021 102% 120% 120% 120% 94% 9% 94% 103'% 103 103 108 108 108 1031 103% 103% 103% 103% 1033 12 12 12 rort A C&D6s 53 A_. PriGen El 4%s 60 _ Postal Tel & C 68 '63_. PubSEI&G4s'T)__. Pure Oil 4%s 50 ww_ Pure Ofl 4% ‘50 xW_. R-K-O 68 ‘41 Reading Jer C 4s ‘51_. Reading R 4%s8 97 A Reading R 4%s 97 B RemeRand 4%s '56 wi Republic Stl 438 Bu Republic Stl 4 Richfield O 6s Rio G W col R 1 A&L 1st 4%s '34_. JRutland Can 4s 4 Rutland RR 43841 St L IM&S R&G 45'33 St L-S Fran 4s ‘50 A_. St L-SF 4s'50 A cfs_ St L-S Fran 4%s'78 . St L-S F 4%s'78 cf st. St L-S Fran 50 B St L-S F 68 50 B cf: St L8 W 1st 4s 89 StLS W gnrfbs 90. StPCt RC5s'37 StPKCSL4%s’'41. St PM&MM ex 4537 San A&A Pass ¢s'43_ San An Pb S 6s'62 A_, Schuleco 6% 846 A__— Schulco 6%s 46A Stp. Schulco 6%s’46 B__— Schulco 635 46 B Seabd A L adj 58’49 45 A Seabd A-F1 65'35Act Sharon Stl cv 41, #'51. Shel) Un deb 3% s '61. Silestan Am 78 41 . Socony Vac 3%8 60 So Bell T&T 6s ‘41— So Pac col 4849 cceee So Pac Ore ¢% So PacS F T So Ry gen 45 56 A So Ry 6%s’ SoRyM&O 45’38 So Ry St D div 4s ‘51 Staley A E 45’48 Tenn C&C 6. ‘yenn El Pw 63°47 A_. Term As St L 48 63 Texarkana 6%s ‘50— Tex Corp cv 58 44 Tex & Pac 5871 B Tex & Pac bt Tex & Pac 5880 D Tex&Pac 1st 68 2000 Third Av 1st 58 37 Third A ad in ex 68'60 Tol & Ohto C 3%s '60 Un Pac 1st 4847 96% 95 95 wau 103 103% 41% 40% 40% 41 40% CO‘A l HlM% 104% lM‘& 1074 107% 107% 104 104 104 104% 104% 104% 104% 104% 10 105 37 108'4 30% 105 113 11314 112 121 102 6313 108'% 102'x 101 1027 105% 113 113% | ll" 1084 | lar D. C, NEW RECORD § BY POWER OUTPUT All-Time Peak Reached With Contra-Seasonal Climb in Week. By'the Associatea Press. NEW YORK, June 24—Running far ahead of seasonal expectations, electric power production for the week ended June 20 expanded to the high- est level ever recorded. The_ Associated Press index of elec- tricity output, with 1829-30 taken as 100, advanced to 110.5 from 109.8 in the previous week, and 99.7 a year earlier. The index is adjusted for seasonal and long-term trend. The range of recent years follows: 1936 1935 1934 1933 - 1105 1055 974 919 - 1020 941 919 802 Actual production, as reported by the Edison Electric Institute, amount- ed to 2,005,243,000 kilowatt hours, an increase of 0.8 of 1 per cent from the previous week and 13.0 per cent over the same week last year. Phe pre- vious record output was in the week ended December 21, 1935, when it amounted to 2,002,005,000 kilowatt hours, by Midwestern steel mills, which are | currently running at capacity to dis- pose of orders before new prices go into effect on July 1. portant item consisted of heavy pump- ing operations in certain sections of the Far West, where there has been excessive drouth in recent weeks. All major geographical sections of the country showed increased pro- duction over a year ago. The per- centage increases follow: New England, 15.4; Middle Atlantic, 9.3; central industral, 17.9; West Cen- tral, 17.1; Southern States, 16. Rocky Mountain, 22.7, and Pacific Coast, 7.5. Washington Produce UTTER—Range of prices ed trom wholesale di in stores : compound. light hogs heavies. 9a 5a8!z; lambs, tag Prices paid shippers. net f.0b. Washing- n, by the United States Bureau of Agricul- 41 Economics s Ga10: 1081012 calves. 10'4 Toughs. Bas POULTRY—Market irregular and | slightly easier on Rock chickens. but firm &n Leshorns at 1 cent advance: {owl, col- ghorns. 16al; Plymouth Rocks. Lesrorns. 1% hens, toms, Tials. s few . 17a13 Fruits and Vegetables. Sales in large lots by original receivers up to X am. today: four broken and five u: ffornia arrived broken cars on track. Supplies moderat 1024 45% 59% 88, | car diverted 112‘.» 1174 | 1141; | ca 105% 109 4% 4 4% 108% 108% 108% 97 96% 96% 1% 76% T6% 104% 104% 104% 107% 107% 107% 93 93 93 105% 105% 105% 90% 90 90% D 1123 1124 1124 67% 67% 6T 103% 103% 103% 83% 83% 83% 87% 874 8TA 2% 12% T2% 86 86 86 105% 105% 106% 1047% 104% 1047% 102% 102% 102% 1041 104% 104% 104% 104% 104% 104% 1045 104% 124% 124% 124% 103 103 103 36% 36 36 107 106% 106% 114% 114% 114% 102% 102% 102% . 109% 109% 109% Unit Drug bs '53.. 102 . 101% 101% | Vine-ripened bunched. 1 | RY demand light: market slightly stronger. and _pre-coo] [ nda; eats. umbos two broken cars on track d light: market steady \rrivals: one Supplies Cali- ard cra 1 SONE" BALLS. No car no cars on track ht rket steady. li-nt: demand i car_on track ’s unbroken cars on demaznd light; half-lettuce broken and Sunplies modera dull California. crates, 0al1.65 two Supviies mocerate n | steady.~ California. 13 crates. individually | Rashed and pre-cooled. 3 a York. 'z crate: Washed. 4-3' dozen: 3008 CORN—No' carlot ‘arrivals ar on track Truck receipts moderats supplies moderate: demand moderate: ma: ket steady Stgndard crates: Fiorida. | truck receipts. 1 75: North Carolina. best, 1.50: poorer. 1.00. UMBERS—Truck receipts _liberal; supplies liberal: demand slow: market dull, . bushei baskets. 5081.( one broken bushel hampers, fancy, i 0 LETTUCE—Onc Caiifornia arrived: six brohon. Sad one. ANDIOKED cars. on. rack Supplies moderate: demand light: market California, W crates, ice- fair condi- i small size, 1.15. Potato Prices Ste: POTATOES—No carlot arrivals: no cars on track. Truck receipts moderate: moderate; demand light; market North Carolina and Eastern Shore stave barrels. Cobblers, U. S. irginia. 1. 5.5086.00. PEACHES—One Georgla, South Carolina_ariived: two unbroken cars on uck receipts moderate: supplies ers demand light; market sieady. fort c'sm‘m" Yy-ushel ‘baskets. Ea one 3-inch minimum. inch minimum. 1.00; :21s-inch m s zb\lsht‘l baskets, Greens- 40: Georgia, 'z-bushel . 8. No. 1. 1% to 2% o carlot arrivals: two| broken and one unbroken cars on_track. Supplies moderate: demand light; market steady. ~ Lug_boxes. t % wrapped. Georgia and S¢ and larger. 1.50 poorer all ‘sizes. lo arger. fair to ordinary condition, mostly 1008, Mississippi, larger 150l WATERMELONS—Three Florida two broken And Tour unbroken. Cars o track. ~Supplies moderate: demand light: market steady. Florida and Georgia. bul T 100 mel ns, 34-35 pounds IS( ‘izctruus——m carlot ar- rivals: B0 carcon 1ack MA BEANS—Supplies very light: de- mana light; market seady. Georsia, bushel hampers lberals dem, B tbiina Sushel snu;«su—snpruu Hempers. White wrapped, SOaz5. b average, MIXE] slow: market d High Low. Clese. U S Pipe Fdry 34s "46 109% 109% 109% U S Rubber 68 4 106% 106% 106% Utah L&T 68 44 A 101 100% 100% Utah P&L bs ‘44 103 102% 102% Utl) P&L 68 69 ww... 8% 68 68 Util P&L 6%» ‘47 7% 72 72 V C&P 1st 43;5'34 3 3 3 Va E&P st ref & 1085 108 108 Va Ry 1st 3%s'66 A_. 104% 104 104 Wabash 1st b8 ‘3! 102 101% 102 Wabash 6376 B__.. 29% 29% 29% Wabash 534875 . 30 29% 30 ‘Wabash Det&C 58 '41. 102% 1024 102% 5 % 16 75 Warren Br 68 ‘41 rcts W Sh 1st4s2061 gtd . W'Sh 1st 4s 2061 reg. West'n Md 1st 4862 . West'n Md 6%s 17 WestnNY&P 1st5s'37 West'n Pac 58°46 A West'n Pac SthA as 86% 100% 100 100!‘ 102% 102% 102% 3 3 35 3415 34% 34% 107% 107% 107% 105% 105% 105% 106 106 106 108% 108% 108% 100% 1001 100% 100% 100% 100% W SpSticon7s3bet. 19% 19% 19% Wiison & Co 48 1ib 101% 101 101 WisClstgn4siset. 19 18% 19 WisCS&Dter4s 36 9% 9% 9% Y'ngst'n S&T 33%s'51 111 110% lllv. Y'ngstn S&T 4s61_. 99% 993 Youngtn S&T 68'70B. 1064 106% !Ofl Chief among the factors making| for the unprecedented output was the | heavy consumption of electrical energy | Another im- | CANTALOUPES—One Arizona. two Cal- | ne California arrived: one | K. | Pe- WEDNESDAY, JUNE 24, 1936. Carrier Earnings In May Continue On Upward Trend By the Associatea Press. NEW YORK, June 24.—Earnings of the first 11 railroads reporting income for May continued in a rising trend totals compiled today showed. Gross increased 16.5 per cent over last year and net operating income 41.7 per cent. Chesapeake & Ohio, Kansas City Southern and Norfolk & Western marked up the largest gains. Only 2 of the 11 carriers showed a lower operating income; Southern Pacific and Union Pacific. Totals for the five months indicated a gain of 155 per cent in gross and 31.7 per cent in net operating income. RISE IN DEMAND CHEERS OIL MEN Texas Quota Is Reduced. Oklahoma Operators Curb Output. | By the Assoctatea Press. TULSA, Okla,, June 24.—Oil men ac- customed to taking a broad view of the industry weighed controversial indica- tions in the business today and inclined generally to the opinion that every- | | thing was going to be all right. Offsetting the warnings of some au- | thorities that the present trend of huge crude oil production would lead to top-heavy surpluses, with a resultant collapse of the market, there was avail- able today the Bureau of Mines’ esti- mate showing enormous increases in the Nation's consumption capacity. Recommends Increase. The bureaus recommended an in- | crease of 78,900 barrels daily over June to meet an estimated demand of 2, 917,200 barrels daily. July demand was estimated at 9 per cent higher than normal and 12 per cent greater than | “indicated” demand. To help brighten the prospect wu“- the action of the Texas Railroad Com- | | mission in reducing the State’s allow- | able 56,713 barrels daily. The dispo- ‘smon of the operators to guard closely sgainst over-production was shown | further in the recommendation of the | | Oklahoma Allocation Committee, an |ad\ isory body of operators here, that the State Corporation Commissicn fix | | Oklahoma's July allowable at about 5 | per cent under the June figure. Daily Average Down. | NEW YORK, June 24 (#)—Daily | average gross crude oil production in the United States decreased 8,000 bar- | rels in the week ended June 20, totaiing 2,963,400 barrels, the American Petro- | leum Institute’s weekly summary indi- cates. Reports received from refining com- | panies owning 89.7 per cent of the esti: mated daily potential refining capacity, snd which was operated at 79 per| cent of potential, indicate that the in- ' dustry as a whole ran (o still 2,950,000 | | barrels of crude oil daily. The daily | | average for the previous week, based | upoh refineries representing 89.6 per cent of the total capacity and which | |operated at 80.3 per cent of their lcapndtv was 2,975,000 barrels. | ‘ Finisked and unfinished gasoline stocks at refineries, terminals, in transit | and in pipe lines totaled 69214000 barrels as of the end of the week, com- pared with 70,668,000 barrels as of the | end of the previous week. i | DIVIDENDS ANNOUNCED | NEW YORK. June 24.—Dividends de- Sares Extra 2 Stock of Rate.riod. record. | Lenman cor 1 Nouth & Judd Mis Standa'd Screw - Cons Oil Corp Westinghouse El Deferred, Thaver s Ltd 1st pf Decreased. Gold Dust Co Affiliated Fund Inc Regular. | American Maize Prod_ De S1 34 Am Sec & T (Wash,BC), ‘Am Thermos Bottle - An 33 ‘ Can AmTr B (3d 1) i s | Caro. Clintd & O R Do. stamped cert Case. Lkw & Brainy Cons Car Heatng__ Edison El Illum Bo: Elec Household Ut_ sup- | Frick Co Berfection_Stove Eblls El pt Smyth Miz 6 | Sou Bleach Inc pf_ -$1.95 Spiingtd p M Ins-s1 Dled Gas Tom 5 ited Gas R Holligger Com oo Link Belt Do. pf Phila’ Elec_Pow bf Westghse E & M pf NEW YORK BANK STOCKS NEW YORK. June 24 (.—New Y Becurity Dealers' Association. sk (Quotations as of 2 o'clock.) Asked. Bank of Manhattan (1'2)_ Bankers Trust (). Cen Han Bk & Tr (4) Chase National (1.40) Chem Bk & Trust (1.80)- Commercial (8 Empire Trust (1) First Nat (Bos) First Natl (100) Guaranty Trust (12) Irving Tr (.60) Manufacturers Trust dar” a—Including extras U. S. TREASURY POSITION. By the Assoctated Press. it 00: m“xfnm tion n°9’5 the Treasury Jume 137.836.831.06; net culwmi 3 July $8,701.55 688.93 of emergency expenditu of expenditures, $4.654,240. . 106% 106% 106% | debt. 68,121 der sold assets, $10 R i r June 24, eipts 5 (comparable date last year). . 313,681 expend".nu o( emer- xcess ofexpendi 8 94 80; gross t, old ‘assets, $9,103.- General American Transportation Corp.—Compzny has received order for 500 auto cars from Southern FINANCIAL OUTLOOK AT STEEL PLANTS GLOUDED Production at 71 Per Cent, but Labor Uncertainties Cause Alarm. By the Associated Press. NEW YORK, June 24—The cur- rent steel situation is highly satis- factory, with production holding at 71 per cent of capacity, Iron Age re- ported today. The longer term outlook, the maga- zine said, is far from encouraging largely because of labor unrest and unionization efforts and “the growing hostility of the Federal Government.” The peak of forward buying at sec- ond-quarter prices is passed, it was said, and heavy consumer buying from a number of sources is admit- tedly prompted by the fear of labor trouble as well as by higher third- quarter prices. In stressing the labor troubles, the periodical pointed out that one major steel plant has been closed by a strike for a full month. Fully half of the steel tonnage booked during June has been prompted by price advances with the result that a large proportion of this month's production has been borrowed from July and August. “The Federal Trade Commission’s report on alleged collusive bidding by steel sheet piling makers and its hasty | | acceptance by the administration for obvicus political purposes indicate quite clearly that the steel industry | has been singled out as the whipping | boy of the political campaign,” it was ! said. “Proposed settlement of the F.| T. C’s case against the tin plate makers,” the magazine added, “with a consent decree will only add fuel to the fire.” Continued automotive activity and | increased railroad purchases are out- | standing factors. Buying of m--] chinery and equipment also remains at an unusually high rate. Heavy spot demand has stimulated the scrap market. The magazine’s | composite price for scrap is unchanged | at $12.75 a gross ton. The pig iron | compilation also is holding at $18.84 a gross ton, as is the composite for fin- | ished steel at 2.097 cents a pound. LR Bethlehem Steel Corp.—Company | has received order for 500 box cars| from Southern Pacific. Money for Construction Loans and Loans on Improved Properties 2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Successor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. %2% MONEY AVAILABLE For Construction Loans and Loans on Improved Properties in the District of Columbia. Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 Build Refinance || Your Home With a | = 1 i | j F. H. A. Mortgage Loan Loans up to 80% of actual valuation. Frederick W Berem McLachlen Phone \uloml 328. Mortoage Loan Correspondent | Security Mutual Life Insurance C | Massachusetts Protective Compan! First Mortgage Money For CONSTRUCTION LOANS and L.LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia '5-‘/2% Prempt Action B. F. SAUL CoO. 925 15th Street Natl. 2100 SAVE WITH SAFETY 5% Of all the investments possible. the safest and soundest is unaues tionably First Mortgages on Homes. This association under the super- Yision of the Unifed States Treas: loans your money ONLY Fivit Sioriasces 1n Maryiand vir- ginia and the District of Columbia. send you our latest finan- cm m ment., C. L. T. Prepares ‘Data Required for $35,000,000 Issue Br the Associatea Press NEW YORK, June 24 —Directors of Commercial Investment Trust Co. an=- nounced the company would file today a registration statement with the Securities & Exchange Commission covering an issue of $35,000,000 of 15« year debentures. The coupon rate has not yet been decided, it was stated, but will not be in excess of 31, per cent. Funds from the issue will be used partly to retire currently outstanding obligations bearing a higher interest rate, and to provide additional working capital. The company and its subsidiaries form one of the largest organizations engaged in financing installment sales in the country. RUBBER FUTURES. NEW YORK. June 24 (#.—C; %{vtulru‘smoneé)ed! Steady” 7 to A Higher e 20-: e 'ptember. 16.20-2 Salesmen. l‘ell lnml-enl Bankers have or & few men ll( character a you in line for re; Local Banking issue sielding 7% Attra lonal Tssues sielding 3% to A% A lhuunn training for these who reauire ft, Call 9 to 10 AM,, 4 to 5 P.M, 230 Woodward Bldg. MASSACHUSETTS INVESTORS' TRUST Prospectus Will Be Sent on Request. A. S. Govrpen & Co.. Inc. Woodward Blds. FIRST TRUST LOANS Reasonal Rates and Commissions Tyler & Rutherford, Inc. 1520 K St. N.W. National 0475 Loan Correspondent Mutual Benefit Life Insurance Co. FOR INVESTMENT First Mortsage Estate Notes. well s cured on new ~fin business properties, ble for loans on “u lnllnn and yland properties 51%%. Prompt attention to Reasonable commissions. BADLEY “BEALL & HOWARD. INC. Members M-nl:n mnlnr- Assoclation’ ca Estobltsned ncarly 0271 'I'B!l'l ave funds av: { 8tiLbING. A Unified Program for INSURANCE Come in and let us show you how easily we can arrange a complete program of insurance, giving you the maximum cover- age at the least cost. You can depend on our efficiency and friendly counsel. J. Blaise de Sibour and Company INSURANCE BKOKERS 1700 Eye St. NW. NAtl. 4673 Reinvest July Funds in Massachusetts Investors’ Trust Send for Prospectus . S. Goulden & Co., Inc. Woodward Bldg. Natl. 2000 MONEY TO LOAN ON REAL ESTATE Attractive Interest Rates Convenient Payment Plans Our Real Estate Officers Invite You to Confer The WASHINGTON LOAN AND TRUST COMPANY ‘Member FEDERAL DEPOSIT INSURANCE CORP'N SAFETY plus INCOME where you see this emblem John L. Weaver, President Edword K. Jones, Secretery Washington Bldg.. Phone DI. 9486