Evening Star Newspaper, September 14, 1936, Page 21

FINANCIAL. NEW YORK CURB MARKET lymh"hlnnfllfl.lll. CURBLIST MOVES TOLOWER LEVELS TModerate but Steady Flow of Selling Sends Most Leaders Down. Py the Associated Press. NEW YORK, September 14.—Most Curb issues worked to lower leveis to- day under a moderate bust steady flow of selling. Final prices were somewhat better than the lows, but even with the last- hour recovery losses in the leaders ranged from fractions to more than 2 peints. Aluminum Co. of America finished at 13312, off 2%; Gulf Oil, 95%, off % ; International Petroleum, 3412, off%; American Cynamid “B”, 331, off 7 American Gas & Electric, 43%, off % Northern States Power “A,” 357, off %; Pan-American Airways, 57%, off 15 Foreign (fopper Is Boosted Again In Buying Wave Br the Associated Press. NEW YORK, September 14.—A new wave of foreign copper buying swept the export price to 9.90 cents a pound today, the highest level since April 20, 1931, when the metal sold at 10.05 cents. Increased armament programs by virtually all European countries has formed the backbone of the foreign demand for the past several months +and the addition of Poland to the ranks of rearming countries is be- lieved by trade circies to have touched ©off the new rush of buying. Local dealers said stocks of refined copper are not large and that any sharp acceleration of demand might force a boost in the domestic price. ‘They pointed out that in the past the domestic market has been sympathet- ically influenced whenever the export price ran sharply ahead. CURB BONDS Amer e 50 amer P & L 65 1oita 9014 101% 00Ys HEEN Stocks ana Sales— Dividend Rate. Add 00. Aero Supply (B) 1 Alr [nvestors Inc. 2 Alr Inv Inc war _ 1 Ala Gr't Soually. 1bs Allen tndus (11). 2 Alum’'n Coof Am T00s Aluminum Co of Ampf $4% lfll Alum'n Ltd Am Capital (B)... l Am Cities Pwr & Lt(A)ww 2% CP&L B (l 20¢) Am Cynam B 60e Am G&E (140) Am G&E pf (6) Am Gen Corp Am Mtg Co Am Maracaibo. Am Meter Co Am Superpower _ Am Superpwr pf.. Am Superpower 1st pf (6) Angostura (20¢) .. Appalachian Elec Pwr of (7) Arcturus Radio T. Ark Nat Gas Ark Nat Gas cu pf Ark NatGas (A)._. Art Met Wks 60c_. AssoG&E (A) .. AssoG & E$5of . Assoc Invest t114 At Coast Fisher Atlas Corp 1a80c) atlas Corp war Atlas Plywd ab0c. Austin Stlver Auto Froducts . Auto Vot M(ti0c) Babcock& Wil (1) Baldw L bd rts(d) BellancaAireraft. Berkey & Gay Furniture Co Berkey & Gay Furn pur war. Black & Decker .. Bliss Co (EW) _. Blue Ridge cv pf 3 Blumenthal § .. Bohack (H C) Bohack HC st pt Borne-Sery al Bower Roller Bearing (al%). Bowm'n-Biltmore Hotels 1st pf _ Braz T L&P a3oc Bridgep't Mach Bridgeport M pf 7. 60s Brill Corp (A) . % Brill Corp (B) _. 1 Brill Corp pf -+ (00¢ Brillo Mfg (60c) 3 Buckeye P L (3) 80s Bunker H&S t2__. 608 Butler Bros Cable El Prod vte. Cable & Wire (A). Calamba Sugar Estate (11 60) Can Indus Alco A Can Ind Alco (B) . Can Marconi Carib Syndicat Carrier Corp .. Casco Products CastielAM) &Co 31008 Catalin Corp 12 Celanese pr pf (7) 1i6s Cent HG& E vie (8uc) Cent& S W Ut ‘ent States Ele Cent States Elec conv pf (new) 26s Central States Electric 7% pf 2008 Centrifugal P40c 8 Chi Flex Shaft t2 §00s Chicago Rivet & M (7133) | Chief Consol. | Childs Co pt _ | Cites Service_ 2z 6 4 1008 1 12 1+ | Citles Service c 3w Cont G&E 55 A Det C Gas 5s B Det Ip Brde cod is Eiec P&L 5: 20; B Dist 2 3 b T Gatineau Pw s Gatineau Pw 6: Gen Pub_Ser 5 23 101 ml 3 L s 7 Glen Alden C 45 ° £ St Ut 55 A L Hall (WP Hotel Waldorf T106 106 108 106 1037 108 Jers CPAL 4'75 C, 4%1 K 10214 1027 1021, P s leby MCN L Tong Isind Lt fs " McCord Rad 6s * 13 1051 1008 21037103 103 993, 993, 903 10814 10874 10RY, sols m0ip Roig 05 ek ] FEEERT RS 55500 gg.-._._._.. PSSR SN S £ - e 525005218 o ey ) Iy 2 250 & % o PITSE GF SRRt o0 B ol SR333 e o, oF) wrde o S2R2R2323 [ty 23RRRARBS2B3 SEFFER §E SSEES [Py FFE OBRESRE § 222325 Emen s 5en st 533 505155555000 _2::%3...‘.,”;.,.,—‘..@ EENE g2 A DRI, ORI 0 60’2 o !ONEY nm'r NEW YORK. September 14 all money steady. 1 per cent all d-! v!lmz emmerch aper. s per cent. Time loans @y 60 days to 6 monchs, 1% per cent acceptances un changed, | Darby Petr (50¢) . Cities Sve Pwr & Light $6 pf City Aut Stpg 60c Clev Elec [1lu (2) Clev Tractor -- Clinchfield Coal . _ Colon Oil (4) ... Columbia Gas & Elev ev pf (5) Columb O1] & Gas Com'with Eo (4) Com'with & S war Community PL 1st pf 2 Conso! Afreraft Consol Copper _.. Consol Gas of BRalto (3 60) . Consol M & S (2). Cons Retall St Cons Roval (20¢). Cont Roll & Steel Foundry Cooper Bessemer Cooper Bess pf A Cord Corp = Corroon & Reyn . Cosden Oil Me (d) Crane & Co - Creole Pet (a2ic). Crocker W heeler_ Croft Brewing _ Crown Cent Pe Cuban Tob vte _ Cuneo Press (2) __ Cusi Mex Mining_ 41008 19 Derby Ol & R _ Detroit Gasket(1) Detroit Gasket pf ww (1.20) Det Pap Prod t25¢ Det Stl Prod a50c Diamond Shoe(1) 125, Dictograph(alsc) Doehler Die- Casting (a50c) - Dow Chem (2.40) . Driver Harris(1) Driver bt (7) Duval Tex Suloh Eagle Pitch L 40¢. East'n G&F Asso East'n Gas & Fuel Assoc pf (6) East'n Gas & Fuel prior pf (43) Eastn States Pwr Easy Washing Mach (B) t50e Edison Bros(1.60) Eisler Elec Corp Elec Bond&Share Elec BA&Sh of(6) Electric Power Assoc (A) alle. Elec Pwr & Lt 24 pf (A) . b Elec Sharehold's 2 Emp Dis Elec pf 1008 Emp G&F 7% of 150 Emsco Derrick(1) # Equity Corp s European Electric Ltd bd rts k4 Eval all Lead 1 Evans Wall L pf 8508 Ex-Cello Afralsc 2 Fairchild Av new. Falstaff Brewery. Fanny Farmer Candy (50c) Fed Mfz(13%) Fiat ctsad3disc - Fidelio Brewery Fire A of Phil (2). £0s First Nat Store; 1st pf (7) Fisk Rubber FlaP&Lof Ford Motor Ltd (a18 1-30e ... Ford Motor (Can) A (a75e) Froedtert Gr & M conv pf (1.20) Gen Firep'f (40c). Gen Invest Corp . Gen Rayon Ltd A. Gen Tele a50c Gen Tire & Rub .. Glen Alden C (1). Gor am (A) . 4 Nat Film Gny‘hlP! (a).. Great Atl & Pac Tea n-v (16), Guardian Invest.. Gulf o1l (1) Hall Lamp (a20c) Harvard Brewery 1 Hazeitine(3) .. 3 Hecla Min (80¢) 3 Horn&Hard 11.60 100s Hudson BM&S (1) 5 Humble Ol (11).. & Hyxrade Food L Moo emmSe e g 1 e 1 . 3 1 1 2 208 1 ‘4 ‘ 1008 308 4 -- 2008 2 1 2008 High. Low. Close. 8% A £ % uvlflnd R‘IA Add 00‘ tmp O1l Ltd enupon (t50e) . L3 Imp Tob Gt B& I (a81 2-6¢) Indiana 8ve 6% pf Indus Fin vte ___ ins Co of N Am(2) intl Hydro Elec System cvpf | Intl Metals Inc A Int Mining (60¢) . intl Mining war . Intl Petro (t1%). Intl Products Intl Utll (B) Intl Vitamin t40c Interstate Power (Del) pt Inv Royalty (3¢). 1ron Fireman (1) Irving AirCh (1). Ital Superpwr(A). Jacobs(F L)Co(1) Jersey Cent P& L 5% % of Jonas & Naum ... Jones &Laugh Stl. Kansas City Pub 8ve vtepf A . Ken-Rad T&L(A). Kingst'n Praloc.. Kirbv Pet (20c) . Kleinert Co(t20c) Kreuger Brew (1) Lake Shore M (4). Lakey Fy & Mach Lehigh C&N(30¢) Leonard Oil __. Lion 011 & Ref. Lit Brothers Lockheed Alrcraft Lone Star Gas 40c Long Island Light Long Is Lt pf A 7. La Land (40c) McCord Rad (B). | Mangel Stores nt. Marion Steam Sn Masonite Corp 2. Mass Util Asso __ Massey Harris Master Elec (60c) Mayflower As (3) Memphis N G a20e Merritt Chap & S Metro Edis pf (6). Mich Bumper C'p.. Michigan Sugar__. Middle States Petrol vic (A)_. 3 Middle States Petroi vic (B) 5 Midl'd Stl Prod(2) 1 Midvale Co (a2) . b0s MockJudV (I)n. 38 Mohawk H 2d pf . Molybdenum Corp Monroe Loan Society (A) asc Mont Ward A (7) Moore Dist (t50c) Mount Prod (60c) Mueller Brass 80¢ Nachman Spring- field (a75¢) .. Nat Auto Fib(11). 508 66 3 1 208 1 2 26 4 | Nat Baking C Nat Bella H: Nat Contatner (2). Nat Fuel Gas (1) t Gypsum (A). Nat Leather Nat P & Lt pf (6) 400, | Nat Refining ____ Nat Rubber Mach Nat Transit (75¢) Nat Union Radio_ Nehi Corp Nelson(H) (a25¢) Nestie-Le Mur New Eng T&T (6) 10s NJ Zine (12) 200s New Mex&ArizLd 1 N Y Auction N Y & Hond (1)_ N Y Shipbldg _ Niag Hud Pwr __ Niagara Hudson Pwr (A) war . Niag Sh MdB a10e Niles-B-P (a50c) - Nipissing able) - Noma Elec ta40c) North'n (nd Pub Svc 6% pf (3) . Nor Stat T A N W Eng (aZie)._. Novadel Ag (2)... Ohio Pwr pf (6) _ Oil Stks Ltd t40c. Okla Nat Gas Co Okla Nat Gas pt Oldetyme Distil Outboard Mot (A) Outboard Mot (B) Paecific Eastern ... Pacific G & E Istpf (1%) Pacific Ltg of (6) Pac Public Sve .. Pan-Am Air (1) __ Pantepec Ofl _ _ Penins Tel pf (7). Pennroad (b20c)._ Penn P& L (6) .. Penn P& L (7) Pepperell Mfg (6) Phillips Packing Pie Bakeries (60, Pierce Gov u} Pines Wintefr Pion Gold Mines Ltd (80c) Pitney Bowes 40c. Pittsb'zh Forging Pitts& L E 123 Pittsb’gh P G(t2) Pleas Val Wine _ Plough Ine¢ (1.20). 1 608 Pratt & Lamall . Premier Gold t12c Producers Roval Propper McCal(d) Prosperity Co (B) PubSvsIndpf 1108 Pub Svs Ind pr f 2608 Public Sve Okla prior lien (6) .. Public Sve Okla prior lien (7)._. Puget Sound P&Lopf(5) - Puget Sound Pwr & Lt36 ot 1008 Quebec Power (1) 1768 Rainbow Lum (A) Rayethon Mfg___. Red Bank Reed R B new t80e Reiter-Foster Reybarn Co a2ic.. Reynoids {nves Richfield Ol of Calif pf «d) ... Ricnm'd Radiator et'm(a2sc) Typewriter 108 108 68 P TP ren e Ryln Consolid'd.. St Rezis Paper __ Salt Creek P(80c) Schift(The)Co (3) Scovill Mfgalls 200 Scranton Springs B Water pf Sama = . 268 % Seeman Bros t21 1 R4ly 218 % % uz 112 Segal lock& H.. 13 9’ Selected Indus allott ctfs(53) 4808 Selected Indus prior pf (534) 100s Seton Leather 1 Seversky Afreraft Shattuck Den Min Shenandoah Corp. Singer Mfg Ltd rets (a28 4-5c) . Smith Corona vte. Sonotone C(al0c). Southl'd Roy 40c Spanish&Gen rets Spencer Chain Stores (60c) Square D pf A 2.20 50 Stand Oil Ky 1.40 Stand O1l O azbe Stan Ofl Ohio pf 6 Stand Pwr & Lt Stand P& L ¢B) .. Stand P& L pf Stand Prod (a25c) Stand Sil&Ld a2e. l Sterchi Bros Sterchi Bros 2d pf loou Ster!'x Brew a2ic 4 Sterling Inctase) 3 Stetson (J B).... 268 Stutz Motor 2 Sunray Oil (6¢) 1 Sunray Ofl cum pf (2%)- Sunshine Min (2). Swiss O11 (40c) ‘Tagxart Corp .. Tasteyeast(Del)A NeON 05~ " Elma 10 3008 60s 84 1 High. Law. Close. 14 | 130 | 834 234 | 4% 183 | 1 on ‘Ulhlrd g!l!!l shipments Saturday. | Sunday 96: Northern stock firm. slightly D. €, MONDAY, SEPTEMBER 14, -1936.. ADVANGE SHOWN IN STEEL AGTVITY Institute Finds Operations Up 4.3 Points at 72.5 Per Cent of Capacity. By the Asscciated Press. NEW YORK, September 14.—Oper- ations in the steel industry for the current week advanced 4.3 points to 72.5 per cent of capacity, compared with 682 last week, the American Iron and Steel Institute estimated to- day. X month ago operations averaged 72.2 per cent of capacity, while a year ago the rate was 48.3 per cent. The institute also reported current employment in the steel industry is more than 10 per cent above the 1929 level and the average wage is near 2 cents and hour higher than in 1929. A survey by the institute showed 514,700 employes were on the indus- try’s pay rolls during July and hourly pay of wage earners averaged 67.3 cehts. Work is being provided for 467,100 wage earners, or nearly 48,000 more than in 1929; when the census of manufacturers recorded 419,500, the institute saild. That year the survey showed the average wage was 65.4 cents hourly. Total pay rolls of the industry in the first 7 months of this year were nearly $409,000,000, or about 30 per cent more than the like period last year and 90 per cent of the total for .| the full year 1934. Wage-earning employes worked an average of 39 hours per week during July, it was said, compared with the average of 55 hours per week in 1929. Trade circles attributed the rise in operations to a snap-back from cur- tailed production during the Labor day week end. While the steel.indus- try does not officially observe the Labor day holiday, trade spokesmen pointed to the abrupt decline in opera- tions last week. In the period ended August 31, which included the Saturday before the holiday, the industry's production was at 71.5 per cent of capacity, while in the preceding week the rate was 72.5 per cent, the same as the latest. The recently announced price in- creases on certain items for the fourth quarter was thought to have attracted little advance buying. CHICAGO PRODUCE. . September 14 (.—Poultry. trucks. ‘easy: hens, 4iz A filhom hens.” 13 up, Plymouth Reck Springs. less than 4 poun moutn “anc White. Rock.. 16; : Plymouth and White Ror - n: Toosters. 14: Leghorn roosters. i turkeys 19: toms. 18; No. 2 turkey. white' queks. 141 colored, 1 seese. 11; Butter, 8.4 Creamery: Specl score) 4 ; extras (92 arsts (9 1 Panie standai 2 Ere 16 240, cary. extra Gars, and local. 20 tresh sraded loca!. i cars, 25!3; current re- 215 to 88 | carlots firsts. rsts, track. stronger tendency: Idaho russets weak. other stock lleld{.dlupnhes moderate, mand slow: sacl per, undredwtllhh Idaho Rusget Burbanks, 2558 r ctically o trom cute and cmwsd endl 240: s g Orexon Bilsa 2.80; Colorado nlul ! Lty 81 “;ommhl Bliss _Triumphs. T1aa2 Dlrtl! Inded ne heated. Jome deca vartly TOBACCO MARKETS. RALEIGH. N. C.. September 14 (P.— Desoite prices averaging a cent a pound igher. tobacco sold during August in seven 'North Carolina markets on the border belt broucht farmers only S$d.- 776,713, compared t 015 in Au- sust. 1935 A’report of the Federal-State Crop Re- poriing Service shows producers’ sales in the several border markets durine the month, totaled 1088412 at an averase of ndredweig! Durlnl \ht month o P ducers’ sales totaled 3. 0 at an average of $22.44 hundredweight A table showing the market towns total producers’ sales and average price during_Ausust. follows: Producery’ sales. year ago. pro- 473.330 ‘own. hadbourn larkton _ Fair Bluff Fairmont Lumberton Tabor City 193 Whiteville 2770 4.436.083 - PHILADELPHIA PRODUCE. PHILADELPHIA. September 14 (P.— Live poultry. fowl. Piymouth Rock. fancy. 23a24; mixed colors 2\ hite Leg- : groasting Chickens. fancy. s. Plymouth Rocks. 1Ra19: * cross Reds. Soringers. mixed colo: 18al 4-1 ut! fancy Spring _ chickens. white Leghorn broilers, . white Pekin. fancy. nunl 1a12: mixed colors. 11; Y4213} colored i7al$ Dressed mu“ry fowl. (r!‘h “killed West- ern in boxes 17a26: chickens, all sec. roosters. _dry-icke Cducks. Lons Isiand. o 8tocks and Sales— Dividend Rate. Add 00. High. Low. Close Taylor Dist (b5¢). 4% Texcn Oil & L 60c. Thew Shovel Coal 508 Tilo Roof al2%c Trans-Lux Daylite Pic 8n (20c) __. Tri-Contl C war _ Tubize Chatillion. Tubize Chatl (A). Tung-Sol Lamp n_ Twin Coach a20c_ Unit Alr war Unit Chem part pf Unit Gas Corp .. Unit Gas C war Unit Gas pf(31%) Unit Lt & Pw (A) Unit Lt & Pw pf Un NJ RR&C(10) 10s Unit Shoe M 1215 175» U S Foil(B)(60c). 15 U S & Intl Secur. 10 US Lines pf _ 2 U S Radiator 4 U S Radiator pf.. 2bs Unit Storesvic __ 1 Unit Verde Ex (1) & Unit Wall Paper_ 31 Univ Insurance...100s Univ Picture: 10 Utah Apex .. 10 Utah P& L pf (12.91 2-3¢) 3750 Utlca GEE pf (7) 208 Utilitles Pwr &Lt 5 Utility Ba pf(3%) Util & Ind (new) . 38 Utility & Induspf ¢ Venezuela Petrol . 12 Vogt Mfg Co (t1). 1 9 3 1 zssu 255% w0 salg 18% 2% Wavne Pump Went'w'h Mf 1.20. Westn Air Ex(n)_ Western Auto Supply A (3) w-t'n Md pt rn Tablet & b at'ry vte (1) West Tex Ut pf(3) u. Williams O11-O- Matic m25¢) ... 17 Wil-low Cate pf__ 1 Woodley Pet(40c) Wright Harg t40c n Youngstown Steel Door (a25c) .. Yukon Gold 2% _aifi:‘:__.&‘“ 2% 20 84 673 104 2734 4% » % 38 | Amer. Tel an | o Centralized 8134 | tre s e or o | at 230, FINANCIAL. Net Income of the General Electric Company by Quarters Baldwin Reports August Orders at BY the Assoclated Press. PHILADELPHIA, September 14.— The dollar value of orders taken in August by the Baldwin Locomotive Works and its subsidiaries, including the Midvale Co., amounted to $1,844,- 545, compared with $1,170,348 for Au- gust, 1935, The month’s bookings brought the total for the consolidated group for the first eight months of 1936 to $21, 372767 as compared with $11,734,643 for the same period last year. SALES. Capital Traction 55—$500 at 90%. AFTER CALL. Capital Traction 55—§1,000 at 91 Mergenthaler Linotype—37 at 46'%, 100 ‘at 46'5. Norfolk & Washington Steamboat Co. —10 at 100. Bid and Asked Prices. BONDS. PUBLIC UTILITY, & Tel. 4'as el. Coi. Ti Anacostia’ & Ana. & Gu C. & P. Tel of Gity & suburban bs Georeetown, Gas st Potomac ~ Elec. 8 Wash. Gas 55 195 -3 a ErE bt Eiet Amer. Tel (oo Eolasm»055 00! 33033 Wash. Rwy. & Elec. 4s_. Chlu'! Chase Club 5’2 G Co. 18 Wash. Ry. & EL pfd. (5)___ llnl BANK AND TRUST COMPANY. Amer. Sec. & Tr. Co. (ef) Bank of Bethesda (h.75 Sapitaf Com. & Libeity Lincoln (6.2 Natl. Sav. & Tr 30 Er. Georges Bk. & Tr. (307 Riggs (R)__ 280 Rigss ofd. Washington ‘Wash. « Gavines - @) American (new) (312 Corcoran (5 Firemen's " (1.60) National Union (609 INBURANCI Columbia (.30) Real Estate (6)_ MISC] Carpel Corp. (1.60)_ Lanston’ Monotype Mergenthaler lélnclyne 8. pt wd 1 Wawd. & ‘Toth. Bfa. (732 *Ex-dividend. {Plus extras. cen; 808 baid Mas 15. 1036: sust 15, Y66 b, 50c paid Au- per cent extra. B&‘e Mld June 30. 193¢ Der cent extra. jooks closed. —_— CHICAGO LIVE STOCK. CHICAGO. September 14 (P (U. 8. ariment of Agriculiure).—Hogs, 3 rnclulflml .‘ll\olfl dlre:; I;lk 10, lb gg"ll'r ) ower than Friday i mostly 10813 Friday's average. 0 udds 70 pounds, a n !ullv Steady: all she stoc eneral killing quality plat Beef being comparatively smal dy and bulis firm: mlen 000 ~ Western grassers % and ofeeders orenlnr steady n 7.50 down inly 6. best fed o Seers. V0. etteratade 50 dow: heifers. 2 "Gown; ', including 7.500 direct. fat nmle mbl mon'ly lt!flldm Bitiay: ‘Others momy rade range lamb: feedin 5’I’-um:s weal ewes. dow! feeding lambs. 050 U. S. TREASURY POSITION. BY the Associated Press. e thagc oi, the 1), 10.621,337. 124 05 of emernncy CM 3 % Gron ’xfind""?isvs?mn s Cdecrease. of under tne revious day. l-ll ets. 5Sl() 738.6! g . NEW YORK PRODUCE. Goll ards. ntr. 7 .D( 2. firs! §h exiea, } umnlinl mn mm 345.':35“ se, iy Rosss: fed %fi.d colnrefl 16: roosters. 20-3‘6"3'{:"1(..‘5:'.- T hick treuhc £ porgllers. nw YORK SUGAR. YORK, September 14 (P.—Raw ugar vu unchanged early lodly at 3.66 far spots. with Bo sales repol 1ng the munnd'eor of me morn- ‘:1“1)11“" '.:l'ed covering and buyin de -nd Cuban interests. The vonlu faber and held around at mmdn Thile anuary ints net higher. Re! nged at 4.6524.75 Ivr fine unnuhud although the inside e will hb' adv. 'fi“n“’. 4. ls'n‘z' trl:! ight. A fair business ,;‘&'t'uw;flcmm at the inside level nomm SILVER. “s-u A 81,814,545 Mark i Washington Exchange! BOSTON WOOL MARKET. N. September 14 (» (U. 8. De- partment of Agriculture).—Domestic wool goltu were quoted very firmly in the ston market today. not operating heavily. a sut { wool was held at prices above Lt current market to keep asking firm on the wools offered. Pr opening in Brisbane. Australia. on Mon- day were renorted by cables to private con- cerns in Boston to be stead: compared with closing prices at sales ek. U. . TREASURY NOTES. (Reportea b v, Barnes & Co BateMaturi 1t f:" Bl o 35 22233235 FREIGHT LOADINGS. NEW YORK. September 14 (#.—Rev- | enuc freight carioadings on railroads re- | | porting todsy for week ending September 12 included: ek lant Bept. 0500 45505 485 STEEL QUOTATIONS. NEW YORK. September 14 (. prices Der 100 pounds, L.ob. Pitisb salamized enesss “hao §1°‘ n”'fi“z hoi rolled 2.50. steel bars, 1.9: “aboeaaites JFrer. Baltimore & Ohio_ —Steel h: LONDON TRADE DATA. LONDON, September 14 (#).—The following are the Board of Trade fig- ures for the month of August: Total imports, £66,050,000; exports of Brit- ish products, £35,250,000; re-exports, £4,350,000; total exports, £39,600,000; excess of imports, £26,450,00. | CENTRAL BRANCH 7th and Massachusetts Ave., N. W. NORTHEAST BRANCH Eighth and H Sereets, N. E. Bethlehem Steel : Issue Due Soon, Perhaps Tomorrow Py the Assoctated Press. NEW YORK, September 14.—It ‘Wall Street quarters today that Beth- lehem Steel Corp.’s $55,000,000 issue of the public very soon, possibly tomor- row. A registration statement covering the issue was filed more than two ‘weeks ago with the 8. E. C, at Wash- | ington. Of the total amount of the issue, $15,000,000 is expected to be used for refunding currently outstanding obli- gations, $20.000,000 for financing addi- general corporate purposes. Financial circles believed the sell- ing syndicate would be jointly hendcd by Kuhn, Loeb & Co. and Edward B. 8Smith & Co. CRUDE OIL PRICES. TULSA. Okla. September 14 (#).—Base crude oi prices: Mid-continent_'area. Oklshomz Kansas. eravity scale 86 cents 1.18. North and North Central T 84 cents to $1.08. West Texas (Permian_Basin). scele 76 to 90 cents Arkansas. gravity scale | Rocks Mountain area—salt Creek. sravity scale @4 centy to S1 Eas '!ndford Anel f (33 ?’ e iva 3 Southwest zrade in tuun i 15 ame grade i Corning. $1.42, Buckeye lines, $1.97 — RUBBER FUTURES. NEW YORK. September 14 (# —Crude jubber, futures opened steady unchanged to thht; September _unquot Pe cember. 16.45a46: March. 16.56b. id Sortir | 3135 gravity North Louisiana- 78 cents to S1 .10 W0, grade CHECK THESE Eight Good Reasons for Banking at American Security l Forty-six years of :!ninnrrupnd growth. 2 Assets exceeding $52,000,000. 3 Capital and surplus of $6,800,000 — the largest of any trust company in the District. 4 Now serving over 70,000 people. 5 Now handling trust business valued at over $120,000,000 —Washington's largest trust company. 6 Six complete departments — commercial, trust, savings, real estate, safe deposit and foreign exchange. 7 Five convenient banking offices. 8 More than three hundred trained employees. FACTS like these prove American Security's ability to handle your Banking or Trust business intelligently and efficiently. We invite you to talk with one of our officers. AMERICAN SECURITY AND TRUST COMPANY Largest Capital and Surplus of any Washington Trust Company was learned in usually well-informed | 3 per cent bonds will be offered to | tions to plants and the remainder for | wknks A-21 COMMODITY LAW ! GOES INTO EFFECT Traders in All Exchanges Come Under Federal License Provisions. By the Associated Press. CHICAGO, September 14.—Profes- sional traders in exchanges through~ out the Nation today came under Federal supervision as licensing pro- visions of the commodity exchange act went into effect. Brokers were required to obtain licenses under the act. While Fed- eral supervision is not new to the Board of Trade itself, this market having been affected by the 1922 grain futures act, individual brokers and the Mercantile Exchange were under direct Government influence regulation for the first time. Order Deplored. One ruling in connection with the new act to which objection was voiced by some traders was announced in Washington Thursday. The order, issued by the solicitor of the Depart- ment of Agriculture, held that com- mission merchants cannot deal in “trading privileges” to be executed in a foreign country, and that futures trading in a foreign country was within terms of the act. Trading in “privileges” on the Board of Trade and in “rightf" on the Mercantile Exchange has been suspended to conform with the act. “Indemnities” or “privileges” are used largely to limit losses. These transactions are for the purchase and sale of “rights” to buy or sell & speci- fied quantity of commodity futures at & specified price during the following business day. “Indemmities” Refused. Commission houses announced the: would not accept buying or sellin orders in “indemnities” for executio: on the Winnipeg Exchange. One firm Bartlett Prazier Co,, in notifying cue- tomers it would not accept order for “indemnities,” asserted the rulin- was a “bureaucratic pronouncement and expressed the opinion it was with- out legal basis. Suits by several brokerage interest to restrain enforcement of the ac and attacking its constitutionalit: | met rebuff in Federal courts las weck. Permission to appeal has beer granted and plaintiff Board of Tra< members have announced they in tend to carry their case to the Su preme Court if necessary. The act, passed at the last sessic | of Congress, expands Federal reguic tion of commodities markets to ir clude cotton, butter and egge. m feeds, rice and potatoes, in eddition @ grains. which were regulated un- the 1922 law. - l ROOFING SHIPMENTS UP. The Census Bureau reports th-i shipments of prepared roofing in Ju totaled 2,508,716 squares, an increas of 7.7 per cent over June and 19 | per cent over May. Main Office: FIFTBENTH STREET AND PENNSYLVANIA AVE. AN sovTEwEsT Seventh and E Sereets, S. W. NORTEWEST BRANCH 1140 Fifteenth Street, N. W. Meumeer Feperar Derosit INsurance CorroraTION Mzmeer Feosrar Reserve System