Evening Star Newspaper, September 10, 1936, Page 17

EINANCIAL. *CORPORATE BONDS STEADY 10 FIRM Moderate Losses Registered in Federal Obligations. Rails Improve. Bond Averages 20 10 10 10 Ralla Indus. Utl). Por'n. Net change. +.1 —3 +.1 Une. Today close_*95.6103.3102.5 70.1 - 95.5103.6 1024 170.1 - 943103.41028 69.3 - 836 99.0 985 676 1936 high__. 95.6104.1102.9 72.0 1936 JOW.... 86.9101.8 99.3 67.6 1936 high... 87.8102.2 99.8 704 1935 10W.... 764 922 845 655 1932 J0W-... 458 40.0 64.6 422 1928 high.._101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Close ....1123 Prev. day- 112.2 Month ago 1119 Year ago-110.1 1936 high. 112.3 1936 low., 1102 1935 high. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 86.8 *New 1936 high. (Compiled by the Assoclated Press.) By the Associated Press. NEW YORK, September 10.—Mod- erate losses in the United States Gov- ernment section and unchanged to higher prices elsewhere characterized the bond market today. Activity picked up in the final hour as demand for high-yield rail loans freshened. Rock Island general 4s, Northwestern 4%s and St. Paul 5s all stood more than a point higher. | Allegheny 5s and Missouri Pacific 55 moved up major fractions. Low-yield rail liens were unchanged to a little wlower. Industrial obligations fluctuated slightly. Postal Telegraph 5s ran up more than 3!: on active demand. United States Government loans sold off with losses ranging to about 4-32ds. The foreign list was quiet with Poland 8s, up more than a point, making the widest swing. ACCRUALS TO BE PAID BY APEX ELECTRICAL By the Associated Press. CLEVELAND, September 10.—Apex Electrical Manufacturing Co. repomd' today the Board of Directors has au- thorized the quarterly dividend of $1.75 & share on prior preferred stock for the quarter ending September 30, and an additional $3.50 a share on account of accruals. The dividends are payable October 1 to stockholders of record September 21. After the $3.50 payment, the accruals on prior preferred will be $3 a share. 5-AND-10 STORE SALES * TOP 1929-31 AVERAGE By the Associated Press. NEW YORK, September 10.—The Chain Store Age index of 5-and-1¢ department store chain sales in Au- gust was approximately 112 per cent of the 1929-1931 average for the month, the trade paper announced. The index for the corresponding month of 1935 was 101, it said. A similar compilation for sales of the drug chain group stood at 1223 for August, compared with 114 in the @like 1935 month. DIVIDENDS ANNOUNCED NEW YORK. September 10 —Dividends declared \mepued by the Standard Sta- tistics Corp, Extra. Bt Pa Stk. ué’ P ate. riod. recor Affiliated nmd._._ —le__ 9-30 gu Redutnon“ 58 Gear & Tool ‘est Tex Ut $6 pf Resy Gen Time Instru_ Elec Pow Asso Inc. Afliated Pund_ Air Reduction Ark Pow 1} Matine mdld Tr N Merch MlnfrsLTr( 0 6% Stl, Prod $2 non- um 0 Eop0OnoR0R0 Donpooonlm‘ DOOLOOOOOD eOPPRSPPPS5P FARUT AR IR AU SIS [y | ool | 00D | Ceeiionn $5355R3 H INSURANCE STOCKS NEW_ YORK. September 1. .—Se- eurity Dealers Association: - Bid 4 31V 32 13% i3 32 34 274 2534 182 SNz R GRS 2253t EEEFFFESNIS R0 B0t Z o FERSEESERS 20, = ornats o Do 22015 FEETT R fe avelers (16) 8 @ @ L3 ra or extras. _— IE‘IAL MARKET. ORK. September 10 P —Co -*m.mm 'm Javire. G45: 4500 tuture. ‘44.63% Lead : spot, New East l-‘ll‘n s, go o m‘:flh' 4.60a A: m-é‘; S, S NEW YORK BAR SILVER. NEW YORK, Septemebr 10 (#)— Bar silver quiet and unchanged at 44%. Kllvln‘wr Corp.—This compaay By private wire direct to The Star, Approximate Transactions Today. 2 U 8Gov't Bonds..__. $1.220,000 Foreign Bonds. oo, 980,000 Domestic Bonds..... 14,690,000 TREASURY, Figh. Low. Olose. 2% 8 1945-47 . 106 18 104.15 10417 2%8 1948-5) e 102,27 102.27 Bhs 19R160—e, 102, 10097 10128 2%81966-60ocea. 103.10 1084 103.4 -‘l 1946-48. 106.10 106.7 106.9 s 1! 105.18 106.11 106.11 107.7 1076 1076 106.22 106.22 106.22 109.11 109.8 10911 108.18 108,17 108,17 108.11 108.12 109.10 109.10 112,16 112.16 114,10 114.10 2 4% 8 1947-52 reg_. 119.7 FEDERAL FARM MORTGAGE. 28,8 1942-47__. 1035 1033 108 381949 ______. 103.31 103.29 103, 3381964 mue——. 10610 105.7 105.7 HOME OWNERS' LOAN. 2148 1942-44 o 1025 1022 1023 2% 1939 1022 102. 1022 381952 . .24 108.28 108.24 FOREIGN BONDS. Hien. Abitibl Pa&Pw 65 ‘63 Akershus 68 °63 Alpine Mont S Zl 95% 95% 9534 9 9 Y 8% 8% 84 8% 81 8 101 101 101 101% 101 101 10134 10134 1013 10135 10134 10134 101 101 101 101 10085 1005 101 100% 101 101 1003 1003 1013 10135 1013 103 108 108 108%; 108% 108% 10855 108% 108%% 9634 96} 9634 105 105 105 1078 1073 107% 112% 11234 112% 105% 1063 10b% 25 25 25 2734 26 204 274 21 21 3415 33% 344 10334 10834 10834 100} 1003 10034 100 100 100 613 61% 61% 643, 64 [ 16% 16} 164 10134 1013 101§ 103% 10834 10834 11134 1113 111K 150 16% 154 158 15% 15% 1535 16% 163 13% 18% 1335 : 21% 21% 20 20 94l 9434 91;, 974 84 mm 10134 9615 9635 554 bAl{ 10215 1023 99 99 10075 100% 1053 1053 6% 176 64 64 87 86} 1741 172% 162% 1625 3424 Antioquia Antioquia 78 45 Coueee Argentine 5 62 e Argentine 6s 61 May. Australia 43856 . Austrian 7857 emeeeee Belgium 6555 —o—eee Belgium 6%8 49 ——ee Belgium 78 ‘65 caeeum Belgium 75’56 Berlin 63 Brazil 6%s Brazil 6%s 2767 Brazil 8s *41 Brisbane 53 ‘57 Buenos A C 63855 Buenos A C 6s "60 Oct.. Buen A 4%8-4%8'75_. Buenos Aires 4143-3%38'77 Pv____ Bulgaria 7s *67 July coupon off .. Canada 2%s 45 Canada 3%s*61 Canada 4360 .coemeee Chile 65 °60 Chile 68 *61 | Chile 6561 | Chile 6363 Chile 7s 42 Chile Mtg Bk 5% Colombia 6s ‘61 Colombta 6s *61 Oct . Col Mtg Bk 635 "47__. Col Mtg Bk 78 46 . Jopenhagen 4%s 53 Copenhagen bs'52____ Cordoba 7842 Prv.... Cuba 415 "49_. Cuba 6%s"45 Cuba 5%s '53._. Denmark 43%s'62__. Denmark 5%s 5o Denmark 6s *42 - Dominic 2d 5%s 40 __. EIl Salvador 8548 ct__ Fiat deb 7s *46 French Gv 7s "49 un st French Gov 7%s’41__ Ger C Ag Bk 6 sno«:z Ger Prv & City Bk conAg 6%s’58 ___. Ger Rep 7549 stpd. Grt CEl Jap 78 44 italy 78°51 Ital Crd P W 78 47 B_. Ital P U Crd 78 52 Japan 5%s 65 Japan 638’54 | Karstadt 6s " Kreug&Toll 55 Leipsig 7s "47 Low Aus HE 6%s 44 Medelin 6% 54 .. Milan 6%s 62 _ Minas Gers 6%s '5l Sept coupon off ... Nord Ry 6%48°60 .o Norway ¢ L I Norway 4% ‘56 Norway 8635 863 10035 100 351 353 2% 42% 25% 263 953 95% 10 (7 17% 124 973 101 1013 106% 9814 100% 61'f 105% 101% 101 10134 1013 1063 1063 97% 98 1005 10056 61 61 105% 1084 12 Oslo 68’55 Panama 5s ‘63 stp 13 12 12 145 57% 9 5714 24 24 112 87 15% 17% 19% 2544 8% 17 17% 88 12 14% 2434 12 87 15% 174 19% 263§ 3% 17 Queensland 6s '47..... Rima Steel 78’55 Rio de Jan 68 63 Aug coupon oft Rio Gr do Sul 65 6! June coupon off Rlo Gr do Sul 7s '66 May coupon off Rio Gr do Sul 8s April coupon off Rome 6%s'52_ Sao Paulo C 6%s May coupon off ___. Sao Paulo St 65’63 July coupon Sao Paulo 8t 78 °40__. Sao Paulo St 8s "36 July coupon oft Sao Paulo St 8 July coupon off . . u2 87 16% 17§ 1934 2634 3% 17 17% 88 Ny 22 25 87 6135 61 6134 -- 48% 483 48y 16334 1634 163}¢ T8Y T8Y T8Y 9% 79% Soissons 6s 'ac Tokio 53%s '61_ Trondhjem 6%s Tyrol Hy Elec 7%s'55 Ujigawa EP 7845 ._. UnStl Wk 6%s’51 A_. Warsaw 7868 . Yokohama 6861 - DOMESTIC BONDS. Adams Ixnnn 488 102 1 15934 15736 15736 T 0% 703 8 79 30 1063 1053 105% 1174 116% 117 1436 114 114 106} 106 1 11134 11135 111 115 11156 1118 11334 1183 11835 Anglo-Chil Nit 7 Ann A st ex in 4 95_ Armour & Co 4%s39.. Armour(Del)1st ¢'65 Armstrong C’k 48’50 A T&S Foadj 495 st A T&S Fe gen A T&SFed%s 0634 1113 1115 111§ 116 115 115 Auburn Auto 4%s 39 B&O 18t 4848 ceee. B&O 4%s60.. B&Olistbs'48 .. l“ lm lu Beth St14%s 'IOI{ Bos & Mo 4%8°61J . Bos& Can’dian N R ¢%s *5f Can’dian N R 4%8 '67. Can’dian N 68"t Can‘dian N R 6 Can’dian N db 63, 5°46. Can‘dian P db 4s perp. Can’dian Pao 4348 46 _ ose, | Can'dian Pac 4348 '60. Can’dian Pac 6s Cent Br UP 48’48 Cent of Ga 1st §s *45. Cent of Ga con 68 *4 Centof Ga6s'59C .. Centof Ga rf 538 °59.. Cent Ga Chat 48 '51__. Cent [11 BE& G 68 "51 Cent N England 4s "61. Cent of N J gen 6s '8 Cent Pac 1st rf & Cent Pac 6s ‘60 . ___ Cent RR B Ga 58 37__. Cert'd deb 53%4m *48 .. Cherap Covbs 44 C&Ogen dk%s u_-.. C&O4%8'93 A _____ C&Oconbs’sy _____ Chi & Altref 3849 __ 4! Chi B&Q 1 div 4s’49__ Chi&EM6s51. . Chi & E I11 b8 51 ctfs.. Chi & E I11 con 65 '3. Chi & Erle 1st 55 ‘82 ChiGrt West 4869 Chi 1 & L gen bs "66 Chi Ind & L ref Chi Ind & L gen Chi Ind & So 48 ‘56 CM&StP 68 *75 CM&StP&P adj 0 Chi & NW gen 338 '87 15% | Chi & NW gen 4s '87 Chi & NW gen 87 st Chi & NW 4382037 n 3| Chi & NW rf 6s 2037 . C&NW Nr W 6%s'36_ ChiR I&P rf 48’34 __ Chi R 1&P rf s 34 ctf Chi R 1&P gen 4588 __ Chi Un Sta 3%s'63 B. Chi Union Sta 3 Chile Cop deb 65 *47 CCCA&St L gen 48 "93__ CCC&St L rf 4 %817 B CCCASt L ref 63’63 D CCC&StL StLdv 45'90 Clev Un Tel ¢ Un Term Clev Un Ter 5%s 72 A Colo & So 4%s"80____. Columbia G & E b3 %63 May____ Columbia G&E 58 *61_. Ce . 111 lol)( mou wm llll{ HIK I‘IIK 75 1!3 um 1215 - 12034 12934 12934 105 104% 106 168 18 82 82 80% 81 28% 23% 19 19 19 18% 19 102 102% 102% 108} 108 108 118 11234 1123 12034 12034 12034 89 88y 8815 20 2 20 6634 653 6614 98% 983 98% 105 104§ 104% 3T I AT 1165 11636 11635 116% 11674 116% 1174 1174 117 116 116 116 ly. 11934 11934 11934 12134 1213 121% 128 128 128 97 9634 97 1033 10334 103%§ 105 105 105 mu xoeu 108% 39 363 89 70 31 7 170 313 293 163 16% 16% 17% 17 17 26 26 26 10434 10434 10434 651§ 543§ bad§ 91 90% 91 1105 111 - 102 102 102 85 851K 85Y 9215 92 9214 13434 13434 13434 158 15285 162% 1004 10034 10034 12435 124% 12485 1104 11034 1104 1093 1093 109% 57 57 67 118% 1131 1183 10834 1083 108% 1uz 12 12 :m 243 24% 193§ 1% 8434 84 1083 10835 - 106% 1063 105% 10574 10434 1043 113 1% % 6% 1053 108} 105 1043 621 5034 10534 10534 10534 1083 106%§ 10634 - 10574 1052§ Cons Pwr3%s Container deb Cuba RR 1st 65’52 _.. Cuba Northn 6%8'¢2.. Den & RGW 68'66 asst Den & R G ref 5378 Des M & F't D 4835 cfs Detroit Edis 4365 F .. Det Edison 4%s°61 D. Det Edison 6s 52 Dul SS & At 58 '37 Duguesne Lt 3%s East Cuba S 7%s°37 _ K Cuba S 73%s 37 ctfs El P&S W 5s '65 stp. Eriecv 43’53 A_ FondaJ & R 2s-4s 82 ctfs . Galv H& H 5148 "38._. Ga Caro & Nor 65'34__ Goodrich 65 45 - ceee. Goodrich 638 *47... Great NRy 4s°46 H__ Grt NRref 434861 A Grt N Rgen 4%s 76 D Grt NRgen 4% 7B Grt NR6%s'62B___. Green Bay 55’63 B Gulf M & N 68 °5 Gulf & Ship I rf 58°52 Hoe muofl*-qu. 11 110% 1163 1163 10835 1083 82 813§ 108 10735 107% 253% 253 534 25% 10934 913§ 1 1163 10834 82 95 95 1023 102% 102% 8Ty 874 87 2634 2514 2514 10536 105 105 10834 108§ 10834 1043 10435 1043 THE.- EVENING STAR BONDS ON N. Y. Lautaro Nitr s 54 Leh C&N ¢%s 'fil A_. Zow. Close. u 3434 3444 10834 10835 IM)‘ 102 102 10434 10434 1044 988 9815 98% = 11034 11034 1103 Lou & Jeft Bld 45 °45.. L&N1st 452003 ... Manhat Ry 4s 90 otts. Manitowoc 3128’4 Marion St Shov 6s Mead Co 68 45 Mich Cent 4%s *79. 10934 10934 10934 10234 10214 1024 10834 10834 108} 109% 1093 1093 10234 10234 10234 1128 1128 112% 98} 9834 9834 104 1033 108% 1003 1003 1003 81 9% 81 8% 48 43 63 63 63 58 58 68 34 344 84y 955 9534 9534 10514 105 1053 106 106 106 91 91 o1 104 10874 104 . 105} 10515 10535 Mil Spa & N W 4s'47_. Minn&SLrf4s’49__. Minn & S* ' 6834 ctfs MStP&SSM cn 48 '38_. MStP&SSM 6s 38 gtd. MStP&SSM 538 49_. MStP&SSM 5%8 *78 MStP&SSM rf 63 Mo I11 5869 MoK & T 1st D '90.__ MoK&T4s'62 B. MOK&TGHs'62A o Mo K & T adj 55 "67__. Mo Pac 4875 . Mo Pac 5865 Aeeeeee. Mo Pac6s* 1T F. ..o Mo Pac 6377 Fctfs__ Mo Pac 68’78 G Mo Pacific 58 80 H. Mo Pac 68’811 Mo Pac 5881 Ict Mo Pacific 63849 A_. Mob & Ohto 4% Mob & Ohio 6s°38 Mob & O M div 5s Monong Ry 1st Mont Pwr ref Mor &Essex 3% 20 Morris & Essex 4%°55. Mor & Essex 5855 ... N New Orl P 8 68 '55 New Or] Ter 1st 4853 | New Or T&M 43| 6 w Orl T&M incis’3s New Or] T&M bs 54 B New Or T&M 68 °56 C_. New Orl T&M 5%"5‘ N Y Cent3%s’9 N Y Central 3% 6 N Y Centcon 45°98___ N Y Centrf 43%s52013. NYC MichC3%s'98._. NYC&St L 4%s"78_ NYC&St L5%s 74 A NYChi&StLés"38_. N Y Dock 1st 48 °51__. N Y Edison 3%s'65 D Edisonrf 6%s°41 4% NY NH & Hel trés40 NYNH&Hcvés'48_. NY Tel gen I!fil —. NY W & B 434546 Niag Falls Pw 33 5'66 Niag Sh5%8°50 _ __ Norf So 18t ref 58’61 Norf & W 1st 48°96 rg North Am Ed 5857 A North Am Ed 9 C. Nor’n Pac gen 3s 2047 Nor'n Pac 48’97 . ___ Nor’n Pac 4%s 2047__. Nor’'n Pac 55 2047C.__. Nor'n Pac§s 2047 D _ Nor'n Pac 65 2047 rg__ North Sts Pw 4348 *61. Nor'n Sts Pw 6s 41 B Ogden L C ¢s 38Y% 4 944 363 434 2944 92 824 464 95 4% 853 6134 161§ 10474 1043 94 983 9034 9T 9T 953 9415 1073 10734 1058 105% 1063 10635 & 125%§ 18 174 96145 964 9534 95! 943 98'{ 94 103% 1081{ lcm. 10335 17% 174 11814 118§ 1043 1043; 107 106% 813 80%% 110 1093 10275 1023% 1083 1083 109 1083 111% 11134 1063 106% 105%; 1053 321 303§ 10635 106 - 11215 1123 6. Otis Steel 6541 PacG & E3%s 61 PacG & k& 4364 121 121 106%; 10635 102} 102 . 10675 106% . 1105 11034 - 10134 10135 - 102 Penn Dixte C PennO&D ¢ Penn P& L ¢ Penn RR 3% venn RR48°63 ______ Penn RR 4%8"81 D__. Penn RR4%s"8¢4_ ___. Penn RR gn 4%s *65__ Penn RR deb 4345 70 People G L&C rf 55°47 Peorla & E 1st 458’40 __ Peoria & E inc 45°90__ 119} 1183 11835 | P 10534 105% 1053 10434 10434 10434 11434 11435 11434 113§ 10% 113§ 98 97% 98 82 82 82 5T T 853 853 853 10234 10234 10234 - 10234 102) 102} 4 | Port Gen £1 4345 '60 - Hud & Man ref 68 57— 11 Bell Tel 3%8°70 . 111 Cent ref 65’55 101 Cent Lou 3 - loc&au.uOHfil;l’- IntRT 1st 14| IR T 1st rf 58’66 ctfs. IntRT6s’32. .0 Int RT 7832 ctfs oo Interlake 58 51 cceeme Int Cement 48 *46 —awe Int Grt Nr6s’66 B.. 36% Int Grt Nr 68’56 Ceee IntGrtNrés 53 A 0634 {ntGre Nr ads a6 4 Int Pap 1st 58 47 A__. Int Papref 6s°56 . IntRyofCA6s"73_.. 91 91 100 100 835 8% 3 3% 'num(w( B 2% "I 104 58 97 96% 104 104 5835 67 54 63 883 1103¢ 1106 11035 e 88y 88y Phila B&W 415877 Phila Co 6s 67 Phila Elec Co 4s°71 Phila & R C&1 68°73_ Phila & R C&1 68 "49__ Philippine Ry 4s "37__ Pillsbury F1 M 68 'll Pitts&W Va 41,360 C Port Ar C&D 6s°63 B... Porto Rico A T 6s’42_ Postal Tel & C6s°53.. Pressed St1C6s'33 . Pure Of] 435’50 ww_. Purity Bak 5848 _____ or Reading R4%8 97 A_ Reading R 4%s°97 B_. Rem-R 6% 847 A ww.. Republio Stl 438’61 Republioc Stl ¢3%8°50. Republic Sul 5%s 54 Revere Cop 4%s '56__. Richfield Of1 Sace . Seabd A-Fla 6835 B ct 06% | Shell Un deb 3% '51.- 1113 111% 1115 10034 10035 10036 706 70 - 70 0% 704 703 Skellv Oil 48 *51 Sou Pacific 3%s 80 Pac col 4849 e 96 80 Pao ref ¢8 56 . 102 10415 104 10134 1011 363 | S0 Pac 4%8 "69. b7% 67 673 94K 93 943 9% 95 95 1053 105!¢ 10534 10624 10655 10655 1015 10134 10134 10414 104 104 1095 10934 109% 10915 10915 10935 13 112% 113 105 1043 105 114 114 114 95} 95 95% 17% 17 17% 99%% 9934 9934 10815 10334 108} 10534 10534 10534 - 116} 116} 116} 10656 10524 10635 105% 105% 10534 481 47 ATH 29% 28) 2834 7§ 30% 115 1143 1143 984 9815 98l 7834 6% T8} 100 100 100 107 107 107 107 107 107 1074 107 107% 993 993§ 1175 116% l:::‘( 108% 108 . 10034 1003¢ 11134 11134 4 14 % l:u 1:;( ms 10% % 5 835 98 99% % 9484 10834 .8 9% 8 95 10 105% " Y'ngstn OUTPUT DEGLINES Drop of 1.7 Per Cent Leaves Total 20 Per Cent Above Year Ago. P the Associated Press. NEW YORK, September 10.—The Associated Press index of eleetric power production, with 1929-30 taken as 100, declined for the week ended mmber 5 to 115.7 from 117.4 in the preceding week. The drop was due to the Labor day holiday, which occurred one week earlier in 1935. A year ago the index, which is ad- justed for seasonal and long-term trends, stood at 100.8. The range for recent years follows: 1936. 1935. 1934. 1933, -- 1174 1055 974 919 -- 1020 941 919 802 Actual production, as reported by the Edison Electric Institute, was ap- proximately 2,100,000,000 kilowatt hours, a deeline of 1.7 per cent from the preceding week but an indicated gain over the same week last year of approximately 20 per cent. BUTTER —Ransge of prices to stores. sathered Trom wholesale dealers (orices o Tearby shippers based on Phiisdelphia and New York Dflu One-| Wunfl rints. car- tgn' (03" score)."s: T-vound prints, carign (90 score ‘a-pound prin! Al (92 score), Wllfld prints. cnrum (90 1T AN whoound Drinisg eanion (06 Score). 3 MEATS _Beef. 13816 veal, 16a17; Jamb. 2287 fresh ked b por lotn. i0: Feombound 15 LIVE 8TOCK—Pig mediums. 1013811+ be 2aK; calves. 6a0%: lam . Prices paid shippers net f.0b. Wash- ington. By the United States Bureau of Agricuitural Economics: EGGS—Market steady to firm st un- changed prices. Current receipts, b 25%: hennery whites. 27%a2813; fancy “at . 1a2 " premium. Government graded and dated white etes (net prices extras, In 30%: POULTRY—Market xv: unenlly steady at unch-nled prices. : av: Z Col- lur loll by original receivers up to 8 am today PorATom—No arrivals. 1 broken car on track. Supplies moderate, demand moderate. market steady. 100- pound sacks. cobblers. No 1: New ous 0. Poores, 5,00, - Pemo- poorer. CANTALOUPES - No garlor sritvals, broken car on track H mand moderate, market sieady. ware. % crates. 27t and 36s. 75a1.2! H e Colorado lrnvld 1 car diverted. 3 broken and 1 unbroken cars on track. iles moderate. de- et stronger. Colo- Tado. standard And Jumbp erates. s to Du. 1 fli-"m 5 Sifornis. jumbo. érates, 6 to 9s BBAGE-UNo carlot arrivals, no cars anS AT Baiies fair. ‘atket ehtly wew carlot 2.00. ). New York. 50-pound ll, dnmelnc ‘round type. mostly 1.25_ few higher. CAl 8—No cnrlvl srrivals, 1 broken car on track. —Supplies light, demand moderate. market .~ California -dozen, 3.50, few 'Y—No carlot arrivals, 6 broken gars on track ~Supplies 'mo:’erll;“g‘e- moderate. market stea: i- gan, highballs, 60a75; Vs cr 5081.7 West ceates, mdmdn:eus Grates, ceatemashen: E—One _California amn‘ broken and 3 unbroken cars on track. 0-pound sacks Y!ufl'l U. 8. 12 New Yorks 70480, 16w best. 90; Indiana, 75285, CHES—One N. Y arrived; 3 hrekm and 1 unbroken cars on ira moderate: 1 No. 825 Duihel baskets Eiverias. 0 5. No. inch minimum, mostly 2.00, few le poorer. 1.50. PEAS—No carlot arrivals; 2 broken cars on track. Supplies light., demand mod- erate: market strong. shel hampers ;f.'f,’h'"’“l Cllllor‘ll. Inmly 2.50, few er; Color. —_ U S. TREASURY NOTES. Chll.l) Blmfl&ogu) i 8-~ Jo1 832 B S -_-.-;~§§§n.-._——.. 23333 S222REEE SoPac4%s"8l . So Pac Oreg G'AI U 6 Aeee SoRyM&O 4838 Sou Ry St L div 48’51 S W Bell Tel %8 °64_ Spokane Int 58 55 Staley AE4s’46 ____ Stand OIINJ 3s'61___ 8734 874 8734 9T 9T 9T 1081 1073 108 21 2134 21 1054 105} 1063 10035 10034 1008 116% 116 115 983 9815 9834 104 1085 108% 98 , WASHINGTON; D. C, THURSDAY, SEPTEMBER 10, 1936.° o dkkxw A—17 STOCK EXCHANCE IELECTRIC POWER Syndicate Places El Paso Natural ‘Stock on Market BY the Associated Press. NEW YORK, September 10.—Pub- lic offering of 60,000 shares of com~- mon stock of El Paso Natural Gas Co. was made today by a syndicate headed by White, Weld & Co. at $20 s share. The offering does not rep- resent new flnancing for the com- pany, since the shares are part of & reclassification of capital and are al- ready outstanding. Public offering also was made of 17,072 shares of no par Class A com- mon stock of the Liberty Loan Corp. of Chicago by a group headed by Floyd D. Cerf Co. of Chicago. The stock was offered at $12.50 per share. Offering was made by Hammons & Co., New York, and Dulin & Co., Los Angeles, of voting trust certificates for 280,869 shares of common stock of Universal Corp. at $10 each. The offering represents new financing. In April of this year the corporation ac- quired a controlling interest in Uni- versal Pictures Co. and the Big “U” Film Exchange. AMOSKEAG PROBE DELAYED BY OFFER U. 8. Investigation Is Postponed as Officials Discuss Proposed $5,000,000 Sale. By the Associated Press. BOSTON, September 10.—A Federal investigation into the defunct Amos- keag Manufacturing Co. was post- poned yesterday because officers of the corporation were in Manchester, N. H,, discussing an offer of more than $5,- 000,000 for the huge plant, Federal officials disclosed. Peter C. Borre, New England coun- sel of the Sabath investigating com- mittee, which met to investigate the bond holders’ reorganization of the | bankrupt firm, announced postpone- ment, saying Frederic C. Dumaine, treasurer of the company and liquidat- ing trustee, was conducting represent- atives of New York interests over the Amoskeag property. The two other trustees appointed by a Federal court judge, Joseph P. Carney and W. Parker Straw, he add- ed, were with Dumaine. Last week the Amoskeag Industries, Inc, a group of Manchester citizens, offered $5,000,000 for the plant. The trustees formally accepted the offer | upon a down payment of $500,000. Borre declined to disclose the iden- tity of the new bidder for the mills, which were one of the largest in the which were among the largest in the workers, Figures What They Mean BY A. A. PATTON, Associated Press Statistician. NEW YORK, September 10.—While rumbling war talk echoed over the world and European governments bought practically the entire produc- tion of their airplane factories, Amer- ican manufacturers sold more planes 7 { to private individuals in the first half this year than to the Army and Navy combined. A recent tabulation by the Depart- ment of Commerce reports 1,363 air- craft turned out in this period, against 851 in the same months a year ago. The six-month total exceeded output for the entire year 1933. The 446 two-seater cabin plan listed by the department make up the largest single group. ‘This class is used almost exclusively by individual pilots, either for pleasure or as a part of their business. Buying Power Increases. Rising sales in this range, retailing from $1,500 up, is attributed to the up- swing in incomes accompanying indus- trial recovery. Although at the best level since 1930, civil aircraft produc- tion is still a far cry from figures of predepression days. In 1929, for in- stance, 5,357 private ships were sold, 3 the large majority to aviation enthu- = | siasts ‘The improvement is seen by aviation authorities as giving promise of a new lease cn life to owners of hundreds of | {. airports, big and little, that dot the country. Built in the halcyon days, when thousands of the winged craft were being bought by a prosperous Nation, these fields soon felt the pinch of depression. Although military orders do not as- i sume & primary role in advancing the Industry, Army and Navy planes ac- count for a steadily growing portion of domestic output. In 1929 it was about 10 per cent; last year, 24 per cent, and in the first six months of 1936 approximately one-third. Defense Orders Soar. ‘The defensive arms of the Govern- ment took 407 airplanes in 1936, the largest number in years, compared with 677 in the full year 1929. Although the number of units manu- factured gained this year, the dollar 14 9834 | value of output dropped. The rea- 104% 108% 103% 101% 1013 10134 1043 1043 1043 10434 1047 1043 g 1N 3815 38 38)5 105% 1063 106% 102 102 102 1064 10674 10574 e 11434 11434 11434 Un Ol Cal 6 GIA_— 120 120% 120 Un Pac 3%8 71 . 10055 10055 10054 Un Pac 18t 48 °47.—— 1153 116 115} Un Pac 48 10334 10334 10835 Un Pac 1st rf4s 2008, 109 10874 109} 1103 110 110 107% 107i 107% 102% 10214 102%§ 321 813 32 18134 18034 13034 1063 10635 1063 108% 10834 10834 1043¢ 10436 1043 705 0% 70 3% 2 T 9434 93} 981 1083 1083 uux 106 10534 10634 Texas & Pac b ’" B— ‘l'om&l’uh'l’c... TolStL& W 4 UnElL&P 6857 Utah P& L 68 44— Ul P& L 6859 ww__ U1 P&LE%s 4T Vanadium cv 58 *41. Wabash 4348 °78 - ceee. Wabash 18t 6839 —ee. Wabash 24 6839 e 94! C Wllk.flk!fl‘l'(i 10' lfl)‘ 109 Walworth 48’66 . 78% 773§ 9 97X (9T 91X az§§§f=§§§=fi spfiiinniiyey ¥ - 3 33t 1] s %1, 184) U % son for this seeming anomaly is that a large number of huge transports were by the principal airlines in 1935. This type of plane is the most expensive on the market, ranging up- ward from $85000. Small, private planes, on the other hand, are rela- tively lnaxvemive Exports, growing steadily from 1931 through 1934, were cut sharply by the ban on shipments of military-type units instituted by the Government during 1935 in conjunction with the Ttalo-Ethiopian fracas. Recent demand from abroad is said in the trade to center on long-range transports, in the construction of which this country is far ahead of the rest of the world. WILLYS STOCK RIGHTS DATES ARE ANNOUNCED BY the Associated Press. TOLEDO, Ohio, September 10— Stock subscription rights in the new Willys-Overland Motors, Inc., have been set as of August 27 and expiring FINANCIA KEYSTONE STEEL EARNINGS MOUNT Year’s Profit of $1,501,493 Compares With $1,202,790 in Preceding Period. BY'the Associated Press. NEW YORK, September 10.—Key- stone Steel & Wire Co., Peoria, I, reported for the fiscal year ended June 30 net profit of $1,501,493, equal, after preterred dividends and all other charges, to $1.90 a share on 757,632 shares of capital stock outstanding. This compared with $1,202,790, or $1.40 a share on the present outstand- ing capital stock in the preceding year and $5.62 a share before giving effect to the 4-for-1 split-up which was made during the year. Earnings in the latest fiscal year were said to be the largest in the company’s history. Torrington Co. ‘The Torrington Co. and subsidiaries, makers of needles and other products, with properties in Northwest Can- ada, England and Germany, today re- ported for the fiscal year ended June 30 net profit of $2,333,877, equal to $4.17 a share on 560,000 shares of capital stock. This compared with $2,027,829, or $3.62 a share in the preceding year. Vanadium-Alloys. Vanadium-Alloys Steel Co. and sub- sidiaries, producers of high-speed tolls, with its principal plant at Colona, Pa., reported for the fiscal year ended June 30 net profit of $592,216, equal to $2.93 a share, compared with $357,377, or $1.77 a share, in the preceding year. Alaska Juneau. SAN FRANCISCO, September 10 () —Alaska Juneau Gold Mining Co. set a new high in monthly earnings in August, estimated net operating [proflt being $291,100—before deprecia- { tion, depletion and Federal tax pro- visions. This compared with $269,500 estimated for July and $193,000 in August last year. Washington Exchange SALES. After Call. Mergenthaler Linotype—10 at 46. Potomac Electric 6% preferred—3 at 111 | Anacostia and Potomac Railroad 55— $1,000 at 77%. Washington Gas 5s 1960—$500 at 1215, $1000 at 12215, $1,000 at 1221, $1,000 at 1221, $1,000 at 122%,. Bid and Asked Prices. BONDS. Amer. Tel. & Tel. 4% Amer. Tel &1l ol t Anacostia’ & Pot. b8 Afll Pot 0 P 2R Ay o 3 Eity & Suburba Gedrsetowt Gas 1. Potom: 1 SIS Wash. Gas 6 series B. Wash. Rwy. & Elec. CL Chevy Chase Club 5%s_ uni Amer. Tel. & Tel. (9) Caital Transit Co. & W. Steamboa - Pordmle Bicnmmbon Wk 6% LEet g Wash. Ry & EI V22 600 : B £ B 10 BANK AND ’ntusr COMPANY. Amer. Sec. & Tr. 255 Bank of Bethesda (b 30 Gapital &) Liberty (3) Lincoln (6.25) av r Riews pra ) Washington (8 ‘Wash. Loan American ($12) Gercoran (8) = Columbia (:30) al Estate (6) . Corp. wd. & Loth. com. (11 507 60 wd'fl & Loth. pfd. (7)__. 120 'lx-dlv\d!ndA tPlus enrll- 4 1802 5ald b3 15, 1036: 50c pald A e 3 Ll > gust 15. 1936, Doy «—2 'e.r cent extra. 35 Pald June 30. 103, —25e e 30. 4 Ber cent extra, Alaska Juneau Gold Mining Co. August estimated profit was $291,100, against $193,000 in August, 1935; in eight months estimated profit was $1,702,400, against $1,242,600. Homh&nfimfl ion Loans Loans on Improved Properties 54% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Successor to the Bustness of JAMES ¥ SHEA 643 Indiana Ave. N.W. When You NEED IT FOR HOME and SMALL BUSINESS PROPERTY LOANS Applications Invited 1505 B 8t. N.W.—=Nat. 9845, CLEARINGS DOWN IN HOLIDAY WEEK Drop to $4,229,544,000 Against $4,686,763,000 for 1935 Period. B2 the Associated Press. NEW YORK, September 10.—Bank clearings in 22 leading cities during the five days ended September 9 amounted to $4,229,544,000, against $4,686,763,000 for the full week a year ago, Dun & Bradstreet reported today. This was a decline of 9.8 per cent and was attributed to the Labor day holiday, which was a week later this year than last. A week ago clearings at the same cities showed a gain of 37.1 per cent over the 1935 comparative. Clearings at New York City amount- ed to $2,696,971,000, compared with $3,871,534,000 in the preceding week and $2,979,256,000 in the same week last year. The total for outside cities of $1,532,573,000 represented a decline of 10.2 from the 1935 comparative. Despite the short week, three cities showed gains over the totals for the full week of last year. These were New Orleans, Louisville and Dallas. Decreases were registered at all other centers. Figures at leading cities, together with declines and gains compared with those of 1935, follow. Also, dally bank clearings for June, July, August and for September to date: (In Thousands of Dollars.) Five days. Per cent Bept. 6. 10:i6. “change 109 uffal Pittsburgh Cleveland Cincinnati | Baltimore Richmond Dall 8an Prancisco Portland. Ores. Beattle New York Total all ___ Average daily September to date. \U. S. Steel Bares Sag in Shipments From July Level By the Assoctated Press. NEW YORK, September 10.—Ship- ments of finished steel products by the United States Steel Corp. in Au- gust were 923703 tons, a decrease of 27,148 tons from the July total of 950,851 tons, the corporation an- nounced today. In August last year the total was 624,497 tons, the latest figure being an increase of 299,206 tons. For the first eight months of 1936 shipments were 6,905904 tons, com- | pared with 4,726,290, an increase cf 2,179,614 tons. lnvatmento 51/ First Mortgage, 2 /o Real Estate Notes Secured by new dwellings 0 N. W. section of Washin Bradley, Beall & Howard, In Tstadlished Nearly 40 n.n NA. o271 Seuthern Bids FIRST TRUST LOANS Long-tenm REFINANCING . . . st Rates . . . 3-Year Con- struction Loans . . . 5% 5%% B0SS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K St NW NA 9300. DIRECTORY COMMODITY BROKERS Member N. Y Can-on Exbange Laidlaw & Co. DL 2255 . . . | Construction Loans F. H. A Insured Morigages Loans up to 80% of actual valuation FREDERICK W. BERENS McLachlen Bui ! Phone National 8280 Mortsage Loan Correspendent for Insurance Companies Is your present MORTGAGE COSTING TOO MUCH? FIND OUT how you can car- Ty your home at lower cost «ss how you can rearrange your principal payments on a more convenient basis. Tell us about your morte gage situation — we'll tell you how we can help you. WEAVER BROS ¢ REALTORS Mortgage Loan Corvespomdont Marglitan Life Inrance Company WASHINGTON BUILDING DISTRICT 9486