Evening Star Newspaper, September 8, 1936, Page 15

FINANCIAL., U. 3. BONDS TAKE UNEVEN COURSE Encounter Profit Taking. Corporate Obligations Irregularly Higher. Bond Averages 20 10 10 10 Rails Indus Ut For'n Net change. +.1 —.1 Unc. +.6 Today, close_*95.2 103.4 102.5 70.0 Prev. day-.. 95110351025 69.4 Month ago. 94.3103.3102.5 68.9 Year ago._. 83.6 99.2 98.7 68.1 1936 high___ 95.2104.11029 1720 1936 low-... 86.9101.8 99.3 67.6 1935 high_.. 87.8102.2 99.8 704 1935 10W-.. 764 922 845 655 1932 low-... 45.8 400 64.6 422 1928 high...101.1 98.9 102.9100.5 10 Low-Yield Bonds. Close _..1.123 Prev. day. 112.2 Month ago 1118 Year ago_ 109.9 1936 high- 112.3 1936 low.. 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high_ 1044 1932 low.. 868 *New 1936 high. (Compilea by the Assoclated Press.) B) the Assoctated Press. NEW YORK, September 8 —United States Government loans were mixed and corporate obligations irregulariy higher in the bond market today. In the final hour the United States Government list was about 4/32 lower to 3 32 higher. Under pressure were the Treasury 4s of 1954, the 27gs and | the 23,s. Gainers included the 3335 of | 1945 and the 3'4s of 1941. Banking circles said the selling in this sector was profit taking attracted | by last week's rise to new highs. Up fractions to a point or so were Allis Chalmers 4s, Rock Island 4: Tlinois Central 4343, Delaware & Hud- son fefunding 4s. Missouri Pacific 5 Studebaker 6s and Walworth 4s. Con- solidated Edison 3',s were off a littl> Polish loans ran up 2 to 4 or mo:2 points and Italian issues gained a point | or so, Other foreigns were steady. EASTERN REALTY BONDS MOVE UP ¢ Score Advance of 5.4 Per Cent (p Over 1935 in First Eight Months of Year. Bpecial Dispatch to The Star. NEW YORK, September 8.-—Values of Eastern real estate bonds have ad- vanced 5.4 per cent in the first eight months of 1936. according to figures | announced by Amott, Baker & Co., Inc. The average price has risen from $389 on January 1 to $410 on Sep- | tember 1. The figures, based on the market | action of 200 typical issues, disclosed & gain of 0.5 per cent during August, | compared with a 1 per cent rise in July. Issues with hotels as the underlying | security appreciated 141 per cent. Theaters, with an eight-month gain of 5.9 per cent, rose froni $592 to $627. Other gains for the period were: Office buildings, 5.2; housekeeping | apartments, 3.7, and apartment ho- tels, 2.4. THE EVEN BONDS ON N. Y. STOCK By private wire direct to The Star, Approximate B U SGov't Bdna: Domestic Bonds. 2% 8194547 oo 2% s 1948-51 .. 238 195154 3% 1946-49 . 3% 1941, 3143 1944-46 33,8 1941-43 Mar. ‘4 418 1947-52 2381942~ Abitibl Pa&Pw 68 ‘63 Adriatic Elec s Antwerp bs ‘68 Argentine 5% s '62.. Argentine 68 '57 A.... Argentine Australia 5 Australia 5857 ceeeee Austrian 78 57 caceeae | Belgium 6s ‘65 | Belgium 6343 *4 Belgium 78 55._ Berlin 61,350 . Berlin Elec 6% Brazil 6%s '2 | Brazil 6138 Brazil 8s ‘41 Breda Ernesto 7s ‘54 . Brisbane 68 ‘57 | Buenos A C 6s ‘60 Oct. Buen A 4138-4%58'75 | Buenos A 414376 Aug Buenos Aires 4%3-3%s8 77 Py BuenosAC6 % s'61stPy Canada 2% Canada 3% Canada 4560 Canada 58 '52 - Carlsbad 85 '54 Chile 63 '60 | Chile 63’61 Febr.. | Chile 6s ‘61 Sept.. Chile 7842 _ Chile Mtg Bk 65 ‘61 Chile Mtz Bk 6s ‘62 Chile Mtg Bk 612 Chile Mtg Bk 63 Chilean Mun L 7s 60 | Chinese Gv Ry 58 '51_. | Colombia 63 61 Jan_. | Colombia 6s *61 Oct | Col Mtg Bk 6128 '47_. | Col Mtg Bk 7546 | Copennagen 433 Copenhagen 63 '52 . Cordoba 7s '42 Prv Costa Ric: A 51 | Cuba 615845 | Cuba 5345 53 . Denmark 4%s 62___. | Denmark 53 | Denmark 6s *42 | Dominic 1st 633 Dominic 2d 5%s "40 El Salvador 8548 ct__ Fiat deb 7s "46 | Frameric 1n 7155 42 French Gov 7145 41 French G 7%s 4luns | Ger C Bk A 6538 Foreign Bonds ... ~=-"10,880,000 - 10144 Boston issues made the best gains | Ger C Bk A 6s 60 July sactions Today. » $340,000 990,000 TREASURY. High. 104.17 Close. 104.17 102.30 102.1 108110 1038 106.4 107.4 109.11 108.19 109.8 1147 108.27 1198 1198 FEDERAL FARM MORTGAGE. 1035 1035 103.5 10412 104,12 104.12 1043 1041 1043 1059 105.9 HOME OWNERS' LOAN. 1022 1026 1021 102.4 108.24 103.27 FOREIGN IONDS. Low. Close. 534 54 0% 0% 9T 97k 10115 101§ 101 101 101 101 1003 101 101 1014 10134 10134 101 101 1013 1014 101 101 101 54 0% 973 1011 101 101 1013 1014 1013 10134 1013 101 10124 10314 1083 109 9634 10434 1074 11334 2434 26 2734 27% 343y 3374 6614 6614 10334 1034 10334 9914 987y 99lg 69y 6935 693 6675 661y 6435 6414 g Gy 10134 1013 10874 10873 1113 112 msu, 115% 4 1534 15% 15Y% 154 151 | 15'¢ 15y 133 135 | 134 | 13% | 12' 52 214 21 20 20 9414 9735 83 2685 53%% 1024 9914 101 1053 7&;, 10144 103 103 10814 108% 1083 109 9634 9634 10434 10434 10714 10734 123 112 2434 26 2874 2784 65 72 10374 12 115% L 1544 15% 15% 15% 154 lsl. 15% 151 15% 54!1 8734 1095 16214 | 1625 3734 25 66q Atlanta & Birm ¢s'33. Atla&Ch A L 438 "44. Ati Coast L 18t 43 52 Atl Coast L elt 2 AtCLunéys Ati Coast Lin Atlantic & D 1st4 Auburn Auto 4% Bang & Aroos cv 4s 51 Beth St 43,60 sf___ Bos & Me 4% 361 .v._. Bos & Me 68 '65. Bos & Me 68 '67. Bot Con M 6%s'34 .__. Bot Con M 6% °34 ct. Bklyn Cy RR bs *41 Bklyn Ed con 31866 Bklyn Man T ¢%s ‘66 Buff R&P con 48 '67 Bush Term con bs '65 Bush Term Bldg 63 '60 Cun'dinn NR4%s 51 dian N 58’69 July Can'dian N R 68’69 Oct Can’dian N db 6358’46 Can’dian P db 4s perp. Can’dlan Pac 4%s 46. Caro Cl & O 6s 52 Carth & Ad 4 Cent N England 4s’61. Cent of N J gen s '87_ Cent iCem P: Cent RR B G Cert’d deb b % Cherap Cevbs 44 Chesap Corp b8 *47 Ches & O 3%s 96 D. |C&Ogen 4%8°92_ C& 0415892 re C&O4%8'93 A *| C & O Big Sandy 4s'44 Chi B&Q 1 div 3%s 49 Chil B&Q | div 45 '49 Chl & h 111 68°61 ChiGrt West 45 '59 . Chi | & L gen b3 '66 Chi Ind & L ref 68 | Chi Ind & L gen 6s CM&StP 45’89 CM&StP 6376 CM&StP&P ad) 652000 | Ch1 & NW gen 3155 '87 | Chi & NW gen 45 '87 | Chi & NW gen Chi & NW 4%s Chi & NW 43 Chi & NW 4% Chi & NW 4%s Chi & NW gen 53 '87__ \ Chi & NW rf 03 | C&NW Nr W 6 Chi Rys 1st 58 Chi R 1&P rf 48 '3, Chi R L&P rf 48 '34 ctf Chi R I&P gen 4s '88 Chi R I&P 4s Chi R 1&P 4% | Chi R 1&P 43, | Chi R 1&P 43, | Chi st L&N M Chi T H&S 1st b8 '60__ Chi T H&S inc 55 *60 __ | chi UnSta3%s'63 E | Chi Union Sta 45 "44 Chi & W | con 4s 52 Chile Cop deb 68 *47 __ | Cin Gas El 43'68 A | Cin Un Term & C. CCC&St L gen 48 CCC&St L rf 4y E | CCC&St L ref 63’63 D CCC&St Lref 6s'41 C Clev Un Tel 4%8°77 | Clev Un Term | Clev Un Ter 5135 "7 | Colo Ind el tr 5= 'u 2 | Colo & So 4% 530 Columbia G & E deb 6352 April 10734 10734 1073 9974 993 99 94y 8834 1001 60 813§ 10715 107% 107% 801X 80 805 9134 108%4 10374 106 106'¢ 9875 9815 115 115 4% T5% 13 s 104% 104;. m'{ 80% 17% 181 10014 10334 11034 m 101% 843 92 135 15614 10034 125 120 11015 101% 843 9114 13434 152 1001 125 120 11044 NG STAR, WASHINGTON EXCHANGE High. Low. Long Island deb 5s'37. Lorillard Ts '44 =~ 110% 110% L & Nrf5%s2003 McKess&Rob & ’A s 'so MeC RR clt 48 Manati Sug 7% Manhat Ry 4 Manhat Ry 4 Marion St Shov 68 '4%. Mich Cent 4s "40 MIIER&SL6bs Mil Spa & N W 48°47_. Minn & S* ' bs'34 ctfs MStP&SSM cn 48 '38_. MStP&SSM cn 5838 MStP&SSM bs '38 gtd. MStP&SSM 5% 849 .. MStP&SSM rf 63 "46 A MoK & T 1st 48’90 __ MOK&T4s'62 Buooo MoK &T4%s'78 . Mo K & T ad) 58 "67.c Mo K & T 68 62 Aceen Mo Pac 48’75 Mo Pac 58°65 A Mo Pac 55 ‘65 A ctfs. Mo Pac 68’77 F Mo Pac 5s'77 F ctfs. Mo Pac 68’78 G Mo Pacific 58 80 H _ Mo Pac 5s '80 H ctf: Mo Pac 68811 Mo Pac 5s '81 I etf: Mo Pacific 5% 4% Mob & Ohlo 4% 877 Mob & Ohio 5538 Mob & O M div 68 '47_. Mont Pwr ref 68’43 . Mont Power 6362 A__ | Mor &Essex 338 2000 Morris & Essex 4%'55. Mor & Essex 5855 . Nashv C&St L 48 T8 __ Nassau Elec 48’51 g1d Nat Dairy 3%s'51 ww NatDisPC4 5 Nat R M 4% Nat Steel 48 °66 - New Or GNR 65 83 A_ New Orl P S 5862 A New Orl PS6s'55 B _ New Orl Ter 1st 4= '53 New Orl T&M bs '54 B New Or) T&M 6%s 54 Y Cent 3%s 97 " Cent 312597 re, \ Y Cent 4s 42 \ Y Cent con 4598 __ ¥ Cent rf 4%s 2013 NYC Mich C3%s'98_. YC&St L 1st 45'37__ : NYC&St L 448’78 YC&St L 5% 'T4 A Y Chi & St L 6s'38_ N'Y Conn 5853 B _ Y Dock 1st 4s N Y Edison 3% N Y Edison rf 6 N Y G El H&P 5s ‘48 __ Y & Green L 58 *46 _. Y L&Wd4ks T3 NH & H 45 '47 NH & H 4555 INY NH& H 48 NY NH& H 43867 |NY NH & H cl tr 6s 40 NYNH&Hev6s'48_. | NY O&W gep 48'55 10015 10914 10314 O&W ref NY Putnam NY Rys inc 6s NY Stem 1st 68’51 NY S&W 1strf 68 '37_ Y S&W gen 53 '40 NY Tel gen 41539 NY Tr Rk 68 '46 stp. NY W & B 4%5'46.. Niag Sh 5%s'50 Norf So 1st ref b: | Norf S 1st rf5s'61 ef: 10314 1045 10374 108 orth Ara Co 6s '61 | North Am Ed 5357 A’ | Nor'n Pac gen 3s 2047 Nor'n Pac gn3s2047 rg | Nor'n Pac 4891 or'n Pac 4%s 2047 Nor’n Pac Nor'n Pac 65 2047 re__ North Sts Pw 438’61 Close. 1017 101% 101% 131% 1813 131%4 99 98% 99 110% 108% 10814 1034 110 102} 104 10874 1083 10814 108}4 10315 10834 110 110 1024 102% 104 104 1003 10034 50 4974 50 50 6435 641 5975 B8 96 9514 10434 10434 10415 104 34 10634 90 993§ 993 96 4314 | 44l 102 9674 1063 10034 107 6314 102 1051, 12415 100 1063 2874 2914 19 313 4014 317 41y 4815 91y 4913 106 9014 6615 110 80 1285 10334 174 17 107 1043 81 % 11014 10214 10815 1113 i 106 10814 | 1245 | 100 | 1063 22( 4| Jore 323 4015 33 | 4934 | 106 | 0% 6613 110 80 1284 109t | lo’! 10434 81 | 1100 | 10214 | 1081y 114 10614 | ,m.dy 1) BlE; GAIN SHOWN BY ADVERTISING Eight Months’ Retail Total 5.7 Per Cent Above Last Year. Spectal Dispatch to The Star. CHICAGO, September §.—For the first eight months of 1936 the volume of advertising placed in newspapers by retail merchants was 5.7 per cent greater than during the first eight months of last year, Advertising Age reports today. The total volume of retail news- paper advertising for the first eight months of this year, based on re- ports covering 66 major cities, was 569,977,723 lines. This compares with 539,349,996 lines in the corresponding period of 1935 and a gain of 30- 627,727 lines. For the seven-day period which ended August 29, 1936, retail lineage in the reporting cities totaled 15,643,- 997 and was 6.2 per cent greater than during the corresponding week of 1935, Advertising Age says. Washington Produce BUTTER—Range of prices in _stores ghthered {rom wholesale dealers (prices to nearby shippers based on Philadelphi New York prices). 'One-pound prints &: 1-pound prints, ci Y4-pound prints.’ carton \a-pound_prints, carton tubs (92 score). 37; tubs 14 168 a15 ol i compound. Jiant hogs. veal, 5: smoke 2Nai): b ard. 141y LIVE STOCK—Pigs. 10%: mediums, 10%2al roughs. Saxi Tices . Current_ receipts. henner; whites. 2712a2K' fancy at premium. Eraded and ‘dated white exes Anet paid shippers Washington) : extras, large. 36 : U. S. extras. medi- ums. 99'; cents; U. 8. standards.’ large. cent LIVE POULTRY: Market mostly 1 cent higher. Fowl: Colored, 17a19: Leghorns. 14a15: roosters Chickens: Virginis Rocks.'brollers 9al: roasters. 4z Delaware Rocks il nzu crosses ) horns. all sies. 17815 mixed colors. 17418, Fruits and Vegetables. Sales in large lots by original receivers P to X a.m. totiay MIXED MEL()NS —No carlot arrivals: no ars on tra HONEYDEWS—One California. one Colo- do arrived: one car diverted: one broken Government rices firm. _ Prices ul ra and three unbroken cars on track. Sup- demand moderate; California, jumbo crat 2s. 1.50a2.00: Colorad | sumbo crates. 65 to s, PERSIAN MELONS plies moderate | one broken car on track ! demand moderate: fornia. jumbo crat standard crates. ponys 5s and #is. 1.00a1.25. CANTALOUPES—No carlot arrivals: one broken car on track : mand moderate: market sterdy 50-pound sacks. domestic round t al50 CARROTS—No broken car on track { mand moderate: market steady | Western lettuce crates. 6 dozen, 3 few higher CELERY —Two Michigan. one New York e broken and hree unbroken Supplies moderate, demand about steady. h carlot arrival Supplies light: alifornia, 00a3.50. arrived: West New York. ally washed 21 TETTUCE-Six California_srrived: five broken and six unbroken cars on track Supplies moderate: demand moderate: mar- ket stronger. Californis, Western crates, Iceberz type. 5 dozen. 4.2 ordmare. raslite ‘and condition IONS—One Tndizna. four market | L D. €., TUESDAY, SEPTEMBER 8, 1936. Foreign Copper Price Boosted To Peak Since 1931 By the Associated Press. NEW YORK, September 8.—Export copper sold today at 9.80 cents a pound, & new high since April, 1931, and up from Jast week's quotation of 9.17% cents. Copper circles said s fair amount of business was done at the higher price. They expressed the opinion, however, turnover of the export metal would have to be more active at that level before any rise in the domestic price would be likely. T.V. A TALKS DUE AT POWER PARLEY Foreign Delegates to Hear Arguments Against Fed- eral Projects. BY CHARLES F. SPEARE. Special Dispatch to The Star. . (Copyrisht, 1936.) NEW YORK, September 8—The forelgn delegates to the World Power Conference, in session in Washington this week, will have opportunity to read the arguments of the attorneys for the 19 private companies that are again challenging the T. V. A. in its program of invading their territory in Tennessee, Alabama and Texas. Among the representatives of the power industry abroad are men from Sweden, Germany, Italy, Japan, Great Britain, Canada and Denmark, where the movement toward both national tion of electric power companies has 2| gained great momentum in recent | years. ‘The Importance of electric power in national life, as well as in that of individual communities, has become 50 much recognized that this year the conference has adopted as its theme “the important problems of the rela- tions of power resources, their develop- ment and use to the social and eco- nomic interests of the nation.” For- merly, it gave most emphasis to purely technical questions associated with the power industry. Marks New Chapter. utility holding company act, passed last year, make a new chapter in the throughout the world. Few of the foreign delegates to the conference have haa to deal with the the corporations affected and ta the authorities who must pass upon them. From their experience at home, these leaders in the field of electric and gas production and distribution have seen the advantage to the consumer of control of an essential commodity by a non-profif aking agency. None of them, however, has come up against the large-scale operations in which private or publicly financed companies involves a bitter legal fizht which can only end before the United States Supreme Court. Of the many subjects selected for discussion at the conference, those dealing with the organization of pri- and municipal ownership and operl-‘ ‘The legal questions that have been | raised by the T. V. A and the public | history of electric power development | problems which they present both to | are concerned, and whose conclusion | FINANCIAL LUMBER DEMAND TOPS PRODUCTION New Orders During Week Climb 20 Per Cent Above 1935 Mark. ‘The lumber industry during the week ended August 29, 1936, stood at 170 per cent of the 1929 weekly average of production and 69 per cent of 1929 shipments. Reported new orders again exceeded output and were 20 per cent above the new business of the corresponding 1935 week. Although shipments were seasonally slightly below production, they were the heaviest of any week of the third quarter to date. Reported production during the week ended August 29 of 9 per cent fewer mills was 2 per cent below re- vised production figures of the pre- ceding week, shipments were 1 per cent above and new orders 2 per cent below that week, according to reports to the National Lumber Manufacturers’ As- sociation from regional associations covering the operations of important hardwood and softwood mills. Reported new business during the week ended August 29 was 1 per cent above production: shipments were 3 per cent below output. Reported new business of the previous week, ended August 22, was 1 per cent above pro- duction; shipments were 6 per cent below output. Production in the week ended Au- gust 29 was shown by reporting soft- wood mills 12 per cent above the cor- responding week of 1935, shipments were 7 per cent above and orders 20 | per cent above shipments and orders | of last year's week. During the week ended August 29, 544 mills produced 255,601,000 feet of softwoods and hardwoods combined, shipped 246,939,000 feet, booked or- | ders of 257,955,000 feet. Revised fig- | ures for the preceding week were: Mills, 597; production, 259.733,000 feet; shipments, 243,907,000 feet; ders, 262,936,000 feet. 'MODERN WOODMEN | PROBE IS STARTED Insurance Officials of Nine States Begin Convention Examina- tion in Illinois. By the Associated Press. ROCK ISLAND, Ill., September 8.— Insurance officials of nine States be- | gan a convention examination today | of the Modern Woodmen of America, | fraternal insurance organization whose | | main office is located here. | The examination was ordered a | month ago by State Insurance Direc- | tor Ernest Palmer of Illinois “to bring | in a report which will reflect the true | condition of the Modern Woodmen."” The Woodmen order has been under inquiry by the Missouri Insurance De- partment since last March. States participating beside Illinois are Kansas, Oklahoma, Pennsylvania, | sin, Minnesota and Virginia. Mis- souri was not invited to join the ex- amination because the department of that State returned a report last May or- | *xkkx A—I15 DALY 0L OUTPUT OFF 20629 BARRELS Okiahoma Total Decreases 13,550, but East Texas Shows Increase. By ihe Associated Press. TULSA, OKLA., September 8.—The Nation's oil production for the week ending September 5 declined 20,699 barrels daily to a total of 3,014,404 barrels, the Oil and Gas Journal re- ported today. ‘That figure compared with the Bu- reau of Mines' estimated allowable of 2,864,000 barrels daily. Oklahoma’s production declined 13.- 550 barrels daily to a total of 558,750 barrels. East Texas showed an in- crease of 2,700 barrels to 444,489. In all Texas there was a decline of 8,676 barrels daily to 1,177,394. Louis- iana increased its production 3,065 barrels daily to 236,819 and California increased 9,758 barrels daily to 570,~ 150 barrels. Kansas showed a decrease of 5950 barrels to 156,500 barrels. Eastern fields, including Michigan, kept their production virtually stationary, in- creasing 742 barrels daily to 143,966. In the Rocky Mountain region, there was an increase of 3,010 barrels daily to 65,190. Wa]grecn.ichorts August Sales At $5.230,907 Level By the Associated Press. NEW YORK, September 8—Wal- green Co., operator of more than 490 drug stores in 31 States, with head- | quarters in Chicago, reported record August sales of $5.230.907, compared with $4,847.541 in the like 1935 month, a gain of 7.9 per cent. For the eight months ended August 31 sales totaled $40,675,640, against $37,~ 887,331 a year ago. | 1sss W 50th Year Zipper Envelopes With your name stamped in gold STOCKETT: PRODUCING STATIONERS ST ‘N-W 1936 of Progress Money for Construction Loans and Loans on Improved Properties 512% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Suceessor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. Washington, South Dakota, Wiscon- | 7, 7 in a hearing here which, Palmer said, | When You arrived: two broken and five unbrol in the eight-month period, an aver- Ger Gen klec 6125’40 36l Columbia G & E bs North S P 1st 58 "41 A 105'¢ |on track _ Supolies vate electric and gas utilities, their age advance of 11.9 per cent. Pitts- burgh issues, with an August gain of 3.1 per cent, have appreciated 10 per cent for the eight months. New York City issues have risen 26 per cent, Philadelphia issues 10 per cent and Buffalo 0.5 per cent. BRASS FIRMS DECIDE TO LIFT WAGE RATES B3 the Associated Press. WATERBURY, Conn., September 8. ' ~Officials of the Chase Brass & Cop- per Co. and the American Brass Co. announced today a 5 per cent increase in all hourly and piece work pay ra The American Brass Co. increase. ef- fective at once, will affect 10,000 work- ers in Waterbury, Torrington and An- sonia and company branches in Ke- | nosha, Wis.; Buffalo, N. Y, and De- twoit. The Chase Co. increase, effective | Beptember 11, will go to several other | thousands of workers in Waterbury | and Cleveland. — INSURANCE STOCKS YORK. September 8 NEW @ ity Dealers’ Association: ~—Secur- Asked. Aetna Cas (2a) 1 ¥ 143 T8 Balt Amer (.20a) Carolina City Great ‘Amer (1a) Hanover (1.60) Harmonia (1.20) Hartford Fire (2) (2) Natl Liberty (.20a) & Hamosnire ©1.60) Travelers an re (1.80) Westchester (1a a—Also extra or ext s—Declared or mm s0 far this year. CHICAGO LIVE STOCK. CHICAGO, September 8 () (U. S. De- Hogs. ' 19.000, w: outchers calves general market fairly active; only Tnediim® weight and weighty steers ruling rather slow in Ince of higher “asking prices: ~yearlings and light steers. 1015 higher: praspects steady to strong on medium-weight and peavies; she stock firm to shade higher: Jight heifer and mixed yea aympathy with light stecrs: largely fed seer run with kinds scaling over 1,100 pounds predomlnnu arly too 1.030- pound ings. 1025 next hmnm prl:! lfllfl steers with some wi 9.85: mostly 9.65 down to 8. of Value to seil at 8.0 downward scarce heifer nlrhnu up to 10.00. a new hllh 007 unds: S usare Bolls 575 50a9. ew 10.00 ut 5, estern sracsers here: siockers and feed- ers_fully steady. eep. 17.000. including 7.200 dire lambs obenine about steady. Saity lcnnsldlred.]bldl and sales off EW YORK. September 8 AM—COD : electrolytic spot and future. 9.75: ufilln‘ Iviekstiver .00, Wejtramite. Y | Ger Gov 5348 65 st __ | Ger Rep 7s 49 stpd | Ger Rep 78°49 un st_ | Good HS & 1 78 45 | GrtCElJap 635 '3 | Grt C El Jap 7s 44 | Greek Gov 65’68 Hait 63 52 <, Hung LM 7128’61 A__ Hunz Con M 7328 45 unmat coupon on._. Italy 78 °51 Ital P U Crd 7s '52_. | Japan 6% '65 Japan 638’54 _ . Jugos Mtg Bk 7s ‘57 unmat coupon . Kreus&Toll 55 '39 cfs Lombard Elec 78 *52 - Medelin 6% 3 ‘54 Mex Ire 4335 "43 asst. Milan 6% s ‘52 Montecatin{ 7s '37_. New So Wales 55 '57_. New So Wales 58 '58._ | Nord Ry 64850 hurwly 41,8765 _ I\orwlv 5 Norwa. Norw Hy Elec 518 51 Nuremberg 6s'52____. Oriental Dev 5%s 58_ Oriental Dev 65 53. | Oslo 4% 8 ‘56 | Oslo G & E §s 6. Oslo 65’55 | Panama §s 63 stp a: | Peru 6360 _ | Peru 676 | Poland 6s°40_________ Poland 7847 _________ Poland 8360 ... Queensland 7s’41____ Rhine W EI P 68 '53._.. Riode Jan 6348 63 Aug coupon off____. Riode Jan 8s '46 April coupon off ___ Rio Gr do Sul 6s ' June coupon oft Rio Gir do Sul 7s May coupon oft Rio Gr do Sul 8s '46 April coupon off _ Rome 6148’52 Rumania 7s '49 Aug coupon off_ Sao Paulo St 7s *40 8ao Paulo St 7s ‘66 Sept coupon off Sao Paulo St §s '3, July coupon off ___. Sao Paulo St 8s 50 July coupon off _ Serb: '62 unm 6 0__. Provis Taiwan Elec 6348 "1 Tokio 5345 °61. _ Tokio E L Ltd 6: Ujigawa E P Un Stl Wk 6 Uruguay 6s Uruguay 8s 46 Warsaw 73’68 _ Westphal El Pw Yokohama 63’61 Adams Express ¢s ‘47 Adams Express 4s 43 Alleg Corp 68 44 ... Alleg Corp bs ‘4! Alleg Corp b8 *50. Alleg Corp 63 '50 stp Alleg Valley Am Ice cv bs 63 Am 1 GChb%s Am Intl 5% *49 Am Roll Mill 438 *49 AmT&T4%s"3 AmT&Tecltr 6 Am T & T deb 68 '60 . Am T & T deb bs '65 AmT& T 6%s 43 Am T F 2%s-6s 38-'50 Am Wat Wks 6s "Il" Armour & Co 4% Armour(Del)1st Armstrong C'k 48 50 A T&S Fe ¢s '05-'65 A T&S Fe ad) 48 '96 st A T&S Fe gen 48 *9| AT&BFOCA‘*I'!! ~ 2734 283 35 %0 95 2874 | o 2014 2044 | 82 6975 8634 100 100 281 4 ke g 5 70 70 91 95 4 1037 103% 10374 10874 12515 12514 9734 973 10134 10135 10134 101% 5106 1063 100% 10035 23 23 8 8315 9754 101} %% 10034 6035 1% 1% 55 n W 55 57 113} 1134 274 2734 15% 16 18% 281 4 3% 9% 51y 8 8314 978 10134 100%% 603 113 1% 563§ 19% 17 19 255 3% 273 89% 18 30) 213 2414 g 7834 8§ 9§ 97 295 5% 5% a1 26 8534 21% 2434 I 84 8% 9% 9% 29% 55% 514 “ 26 853 5534 5634 47 26 DOMESTIC BONDS. 10234 1024 10236 102102 102 991 98% 991 9514 95, 95 874 87§ 874 65 1591 16834 1593 714 704 T T8} 8Y T8Y 111% 111% 1% 10534 10534 10536 11734 116% 1163 1147 11434 11425 10634 106 10636 1113 111 111K 112 111% 111% 11834 11815 118% 12834 127% 128 110 110 110 106} 1061 106} 205 2934 2934 10634 106} 106% 9835 9835 98 10834 10634 1053 1uz 111% us & | %52 May . Columbia G&E 55 '61- Cons Coxzl Del 6860 - Cons Ed NY 3% Cons Ed NY 33856 n Cons Gas N Y 4%s ‘51 Consum Pwr 3%s 65 | Cons Pwr 315570 Container 6s 46 | CrownC & S 4850 Crown Will P 6s '51... Cuba RR 1st bs '52 | Cuba RR ref 7%s '36_. | Cuba Northn 5% 8'42_ Dayton P&L 3%s "60_.. Dei & Hud ret 4s ‘43 Den& RG W 6365 _. Den & RGW 6355 asst | Den & R G ref 53 '78 Des M & Ft D 43'35 cfs Det £dison 4145’61 D Det River Tun 4145 '61 Du! & Ir Rg 58 '37 Dul SS & At 5837 Duquesne Lt 3%s 5/ E Cuba S 7%s '37 ctfs E ons 4s " Erie gen 4s '96 Erie ref 58 '67._. Krie ref 58 '75 Erie & Jersey 6s Fla ECRy 4%s'59._ Fla EC Ry 5574 _ FlaECRy 6874 ctfs. Galv H& H 614338 _ Gen Cable 613 47 Gen St C 538 "49 Joth Silk H §s "46 ww Goodrich 6s *45 Goodrich 6%s *4 Goodyear T&R 6 Gould Coup 68’40 __ Great N Ry 4546 G . Great N Ry 4s°46 Grt N Rgen4%s"6 C GrtNRgen4% 17 E Grt NRgen5s’13C . Green Bay deb ctfs A_ Green Bay 5562 B___. Gulf M &N 6850 ... Hock Val 418’99 __ Hous B&T 1st 5 Houston Ofl 6 Hudson Coal 63 Hud & Man inc 53 ’57.. Hud & Man ref s '57_. I11 Cent 38 *51 111 Cent col tr ¢s '52._. 111 Cent col tr 48 53, 111 Cent ref 4566 ... 111 Cent 4% 866 .- 111 Cent ref 68 *55 . ICC&StL N O 414563 ICC&StL N O 6s "63_. Ind & Louisv 4s '56_. Inland St1 3%s ‘61 111 Steel deb 4% s '40 Int Grt Nr 5556 C___. Int Grt Nr 63’62 A__. Int Grt Nr ad) Int Hydro EI 6 Int Pap ref 6s ‘56 Int T&T cv ¢ %s '3 Int T&T 4%s 53 . Int T&T 68 ‘66 James F & C 4 Jones&L Stl 4 4 w'61A Kan C F S&M 45 36 Kafi CFS&M rf 4 Kan C So 1st 3. Kan C So rf 1n b8 50 Kan C Term 1st 4s *60 Kan G& E ¢%s '80.. Keith 6: Kendall 5% Laclede Gas 6s ‘39 Lake S&M So 3%s 97 Lake S&MS 3%s '97 rg Lautare Nitr 6s 64 Leh Val Coal bs '64 Leh Val Coal 687 Leb Valley Har LVNY4%e0gtd . Leh V P con 4s 2003 Leb V Pcon 4% 2003 Leh V RR con b8 200: Leh Val Ter . 100 - 122% 105 105 51 515 105% 105% 10615 10814 | 1057 | 104 { 1061 10875 5414 6014 5534 5a%4 1063 10634 8415 851 993 100 1023 1023 3134 | 153 | 1,14' 2614 | 734 116% 1163 | 10634 1023 3134 16 15% 2634 ki 116% 1161 1734 6934 1014 94 95 10514 8734 983 10634 10834 104 136 1193 1073 10514 10434 1105 70 103 o7 1228 10234 11974 1081 10534 10434 110% 70 1 97 10234 10234 | Rutland Can 4s '49 Nor'n Sts Pw 6s 41 B. Ogden LC 48’48 ____. Ohio Pub Sve 712846 Ohio Edfson 45 '65 Ont Trans 1st 55 45— Otis Steel 65 '41 . PacG&E3%s 61 Pac 1‘:’!‘ rf 33 | Par-B'way 5%s Paramount Pic 68’55 Park-Lx 63,553 ctfs. Parmelee 63 "44 | Penn Dixte C Penn O & D 4 Penn RR 3%s Penn RR con 4s Il venn RR 4863 __ Penn RR 4% Penn RR 4%s Penn RR con 4 Penn RR &n 45 65 Penn RR deb 4758 °70. Penn RR gen 5s '68 People G L&C rf 55’47 Peoria & E inc 4590 __ Peoria & E 15t 4840 Pere Marq 1st 4s 56 Pere Marq 4%s '80._. Phila Co 6s '67 Phila & R C&1 b8 Phila & R C&1 63 "49_. Philippine Ry 45’37 __ PCC&St L. 4%s"42 B Pitts&W Va 438’59 B Pitts&W Va 415360 C Port AC& D6s'63 A_ Port Ar C&D 6s'53 B Port Gen El 4%5 '60__ Postal Tel & C 58’53 _ Prov Sec deb 45’57 Pure Ol 48 59 ww_. Purity Bak 5s R-K-O 65’41 - Reading Jer C 48 '51__ Reading R 416597 A_ Rem-R 5%s'47 A ww_ Republic Stl 4%s’61. Republic Stl 434550 . Republic Scl 5%s "54 . Revere Cop 4%s '66._ Richfield O1) 6544 _ Richtield O 6s 44 ctfs. RioG W col 4349 A__ R1A&L st 4%s '34__ Rutland RR 448 '41__ StJos & Gr Isl 4547 StJo Ry L T&P 58 ‘31 St L IM&S R&G 4s "33 St L IM&SR&S4s'33ct St L-S Fran 4850 A __ St LS F 43 '50 A ctfs. St L-S Fran 4%s*78__ St L-SF 413878 cf st. St L-S Fran 6850 B __ St L-S F 53’50 B ctfs_ StLS W ist4s'8y_. StLSW2d4s'89____ St LS W gn rf 65°90 St LS W 1st ter 6552 StPKCSL4%s’41 923¢ | StP M&MEGT4%8'47 7734 104 5634 5314 895 1 95! 10834 10834 10834 106 105 105 9% 95 95 1045 1084 1081 101 100 100 204 104 104 % | So Pac col 48 ‘43 St P Un Dep rf 68 '72_ San A & A Pass 4543 Schulco 6% 5 '46 A stp Schulco 6%s *46 B stp Seabd A L 4. Seabd A L ref 43 '59 Seabd A Lirf 4s'59 cfs Seabd A L adj 6s'43__ Seabd A L 68’45 A Seabd A L 8845 ctf: Seabd A-F1 6335 A ct_ Seabd A-Fla 68’35 B ct Sharon Stlev 4348 '51. Shell Un deb3% Skelly O1l 4s 51 Sou Pacific 3%s '46 So Pac ref 48’55 e Se Pac 438 '68 So Pac 4 %8 '69_ So Pac 4%s '81.. So Pac Oreg 6%-'714. So Pac S F Ter 4s u Ry St L div 48’51 S W Bell Tel 3% '64_ Staley A E 4546 Stand Oil N J 38 °61 __. 100! Studebaker cv 6a ‘45 106 | 203 294 ns u3 | 1061 106'¢ 1143, 114% 102 102 10615 106'§ 1100 1101 | 10104 10105 | ¢ 1033 | 105 1068 10135 114% 104 109% 1083, 12 125 1043 12034 14 17 9514 9914 103'¢ 10674 50 30 3034 11434 10414 109 | 122 | 11285 105 121 114 17 95’y 99% | 10314 | 1067y 50 30 | 305 1033, 103% 103 744 106% 98 943§ 941§ 10535 105% 943 941 9434 " 935 93% 94} 93% 94 % 102} 1024 102} 8704 87% 87y 7Y 97 9% 1073 107% 107% 105 105 105 34 10034 10034 uT e ek moderate: market steady. | sa100 1 Ylnrldl flats. moderate: market steady. poiind sacks. yellows. U8 No. PEACHES —No carlot arrivals® one bro- en car on trank Supplies light. demand moderate: market Mary- land. bushel basket % 215 inches. baskets about steady. Elbertas U. 8 No. 00:" Pennsilva s U S No ineh mp-vmum br<hel rmnu e 078 No. 1. - inches. 2 PEAS—Twon _California_one cnlnrndu one Idaho arrived: two broken and 'wo unbroken cars on track. Subplies moder- ate: demand moderate 1 hamoers Teleohones 50: California 2.50. Potatoes Abdont Sy, S—Two Idaho _arrived: two on track. Supplies mod- demand moderate: market abont 100-pound s Cobblers. U. 8. : New Jersey. 2.10a2.15; Pennsyl- 19029 00 IFLOWER—No carlot arrivals: no Supnlies moderate: demand New York. Cat- kill section. crates. 1804175 acks section, pons cratés. 818 VEET POTATOES - No earlol arrivals: Supolies moderate: de- mand moderate. market steady. _North Garolina, bushel \Skets Puerto Ricans. Nenev Halls_and_Jersey type 1.00a1.15 MIXED VEGETABLES—One Colorado arrived: one unbroken car on tra I5a REANS Sppiies moderate: mand moderate: market steady. Bushel hampers: Delaware. Pennsylvania snd Maryland. 75a1.00: few higher. poorer lower SNAP BEANS—Supplies light: moderate: market stronger. Maryland and Peansylvania, bushel hampers. green. flat nd found (zpe 25 5 UMBERS —Bushel baskets: N arrived: York 50. (g i s & and s v{?v‘nxt’k br%n’lnnrml boxes. 3.5085.25. as to grade lnfl size —Na carlot_arrivals: g ornia. boxes. No. 1. 6.50a FLO! ars on track. no Cars on \Tack: demand no_cars on_track. 7 o b0 ‘g'Pfl:l:CH—Pennulv-nh bushel baskets. DOS—-Cuba. crates. _4.00a4.25; b "and 185, 1.25a1. e Hieh. Low. Close. 106 106 106 104 104 104 9874 9815 984 98} 981y 98% Swift & Co3%s'50.. Tenn C& C 65’44 B Tenn Cent 6s 'n” = n El Pw 68 " - ;xlrkanl 5% 0... 107 10634 107 s Corp 3%s '51.. 104 108% 104 10114 10114 1011 . 104% 10436 10434 105 1047 10474 705 3834 993 1053 115% 1003 10434 109 1074 1023 13134 10674 108% 105 7234 754 9334 10834 10734 106 974 3414 Third Ave ref 4s 60 Third Av ad in ex 68 Truax T C 6%5 43 Un El L & P 5557 Un Oil Cal 48 ‘4T ceee Un Pac 3%s'TL Un Pac 4s '68 Un Pac 1st rf: United Biscuit 6350 United Drug 6s '53 U S Pipe&Fy 3%s 46 U S Rubber bs *47 Utah L& T b 44 A Utah P& L 58 "44_ Util P& L 53’59 ww_ Util P& L 6%s"47 adium cv 68 "41 E& P 1stref 48 UnEIL&P 5‘/:!"‘.. Va Ry 18t 3%s * Va S W con & il Wabash 41878 Wabash 418 '8 ctfs Wabash 1st 6839 Wabash 2d Sl 39 e Wabash 58 76 Boceeee Wabash 5s '80 D_. ash 58 ‘75, Wabash 5%s 75 ¢ Walworth 48’55 Warner Bros cv 6839 Warner-Quin 6s '39... Warren Brcv 68’4 Warren Br 6s "41 reti Westchester L 58’50 W Sh 1st 45 2061 gtd__ W Sh 1st 45 2061 Teg.. West'n Md 1st 48 52 West'n Md 6%s 77 Westn NY&P gn 48'43 West'n Pac bs '6: A 1053 11534 1005 104 10874 1073 10234 130 106% 1031 104% mnyg 8% 93 1083 1073 105% 973 10815 1093 109% 1093 10614 106% 1083 109 1083 109 1113 11134 11134 10134 10134 1013 101 101 101 West'n Un 58 61 West'n Un 68 '60 Wheeling & L E Wheel Steel 4%8 White Sew M 68 40 .. W SpStl 1st 78’35 ¢t W Sp Stl con 7836 ct. Wilkes B&E 1st 58 *42 Wilson & Co 48 65 Wis Cent 18t gn 45 49 Wis C S&D Trm 4336 Y'ngstn S&T 3%s 51 Y'ngsta S&T ¢8'61l—a 13434 133 104 10354 108% New | regulation by public bodies and the manner in which they are set up, command most attention, as they are at the center of the controversy that is going on in the United States. terests here. the T. V. A. and the champions of the holding company act revolves around these elements of cap- italization, rates and management. Constitutionality Is Issue. ‘The newest suit of the 19 private of the constitutionality of the T. V. A. to create municipally owned electric a “yardstick” for measuring the rea- sonable cost of electricity. Quoting Newton D. Baker, chief counsel for the utilities, “in this way the Federal | administration is seeking to supplant or supplement State regulation of intrastate electricity rates on the has been ineffective.” moved into Tennessee on the home ground of the T. V. A. The first case the complainants. The present argu- ment is planned to be made before the district. Eventually the suit will be men who voted an 8-to-1 opinion last February upholding the right of the Federal Government to sell power. However, the court will be asked to determine the legality of a different set of circumstances than those on which its decision was based last Winter. (Copyright, 1936, CHICAGO PRODUCE. CHICAGO. | Septe —] live, 3 cars 4L Dache: atonder” H-';.l‘.ma'! founds us, 19: 16 : White outh Rock bmlen k. lb Cnlore@ 14%a; 2 pounds up, 14: jess than 3 bareback chickens. 13: te osters, 13: oung. whi te color d, 13 allcolored, ug‘ Northern_stocl fupplies libera Sacked Yeally me’" xghfl'xu rom lln Tllflfllflhl. ug ‘Washi s - Jed ‘aded, 5‘:Poab fnm.m i b“" rur!x i i o 200: U liss “Tri 89% | 2.00a15. IEW YORK SUGAR. September 8 (P -—Ra -us;r b um Sna nchanged for wpot. | o sead :flM “nfl' lI lllll HEW nze;aerl :‘g-fi;:unt‘w M 'll.h s falr IltMrl'll xm sranulated, NEW YORK BAR SILVER. mvonx.mlm— Bar silver steady unchanged MM.WJ.““*. financed and operated, are likely toi The battle between the power in- | emphasizes the contention that the | Government is using P. W. A. funds | plants, and, through them, to establish | theory that regulation by State bodies | A suit of this character, originally | started in Alabama, has now been | included a number of important rec- in which the Illinois department was unable to concur. “I have no doubt that the exam- ination will be completed and a report filed before the end of this calendar year,” Palmer said. | Missouri Public Service Co.—City Council of Trenton, Mo., served by this company, voted to award con- tracts for a mummpnl power plant. utility corporations raising the issue | Construction Loans F. H. A Insured Mortgages Loans up to 80% of actual valuation FREDERICK W. BERENS McLachlen Buil Mortsage Lean C: Tusurance is to be dismissed at the instance of | Federal court of the eastern Tennessee | debated and settled before the nine | ;|| Mortgage Money CON STR UCl' ION OANS lnd LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby ‘Maryland and Virginia 5%% Promps Action B. F. SAUL CO. 925 15th Street Natl. 2100 ommendations, but “major findings” | NEED IT FOR HOME and SMALL BUSINESS i PROPERTY LOANS Applications Invited Alert When the body slumps. the mind The slumps also. way vou sit b much to do with the way you work. The HARTER Posture Chair is fitted to your body as shoes are fitted to our feet. It supports you where support is needed. prevents early faticue. Harter Chairs for office workers mean more acco plished. keener minds. fewer m: takes. and better health. A profit- able investment. and how! Ask us for details on FREE TRIAL OFFER. 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