Evening Star Newspaper, September 18, 1936, Page 15

FINANCIAL, U. 5. BONDS GAIN WITH CORPORATES General Advance Shown. Rail Issues Improve Fractionally. Bond Averages T e 38 ri%a Net change. +.3 —.1 Unc. —1 Today, noon. 96.2103.31023 70.7 Prev. day._. 96.0103.4102.3 708 Month ago.. 93.9103.3102.5 69.6 Year ago_.. 826 99.3 074 66.7 1936 high... 96.0 104.11029 72.0 1936 low.... 80.9101.8 99.3 67.6 1936 high... 87.8102.3 99.8 704 1935 10W.... 764 923 845 €55 1932 10W.oe.. 458 400 64.6 423 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ....112.6 Prev. day. 1127 Month ago111.8 Year ago. 109.7 1936 high. 112.7 1936 low.. 110.2 1935 high_ 110.7 1935 low.. 107.9 1928 high, 1044 1932 low.. 868 (Compiled by the associated Press.) By the Associated Press. NEW YORK, September 18.—United States Government issues turned up- ward today after several days of de- cline, coincident with general im- provement in the corporate list. Excepting one or two Treasurles which continued to lag, the Federals rose from 1/32 to 4/32 of a point, hold- ing near the top in the late trading. Bonds of Allis-Chalmers, Chesa- peake Corp., International Telephone, Youngstown Sheet & Tube and Studebaker were among the largest gainers, up 1 to around 4 points. American Typefounders convertibles Jumped about 7. Fractional advances were well dis- tributed through the rail group. Wash;n;;n Exchange SALES. Potomac Electric 5'2% pfd—5 at 110%. National Bank of Washington—5 at 121, 10 at 121. Firemen's Insurance Co.—6 at 40'. Mergenthaler Linotype—2 at 46. AFTER CALL. Oapital Transit Co.—5 at 1313, 4 at 13%. Potomac Electric 6% pfd.—15 at 1107,. ‘Washington Gas 5s 1960—$1,500 at 124%. Riggs Bank com.—17 at 285. Washington Rwy. & Elec. 4s—8$1, OW at 106%. Becurity Storage Co.—8 at 110%. ‘Terminal Ref. & Wh. Corp.—3 at 55. ‘Washington Rwy. & Elec. pfd.—8 at 110%3, 9 at 110%3, 70 at 110%5. N. & W. Steamboat Co.—7 at 105. Bid and Asked Prices. BONDS. er. Tel, & Tel 4lzs. Al & Sl Col. T Anlozfllr & Fot. Wash. Rwy. & Elec. 4s. MISCELLANEOUS. 83 vy, Chase Club 31 er. Tel. & Tel. (9) M’;mb'rr nsit Co Wash. Rwy. & El. Co. (36)_ 600 Wash. Ry. & EL pld. (8)-~- 110% BANK AND 'nwn COMPANY. m-,{ l?(“lelheldl lh 78) e Capital (1) Liberty & American (b6) 'Orcoran (b‘ BB e 'rrr!.: I.N!URANCI bia (.30) _. ml“mlfl te (6)._. HIBCILMN‘OV. 11.60) .. oo Bl aiofyhe. v I‘C?l'fl‘hll!r Linotype g 8. com. ( I|0) 4215 B U 1124 . &G. B L N o Wd'd a Loth, pfa. (/J.._ 1"0 -divide *g s extr gn’y"'fl' 1936; 50c Dald Au- gust 15, l 13/ 275“!’ c:nt ‘extra. g 505 Shid June, 30, 1936. Berent, et INVESTING COMPANIES NEW @eptember 18 (7). —New York mEfi'&"m.xm Association: (Noon quotations. 22ERSIITTY it SR S RO .!rlvno-hdl‘llb'btlfil. Approximate l'n—dh- Today. g‘;. aw' ; le:u_,,. n.m.:g onds. . ), Douo:&l Bonds...... 10,380,000 TREASURY, Righ. Low. Olose. 104.18 104.11 104.18 102.84 102.21 108.24 101.36 101.32 10186 101.7 1014 1018 102,90 102,25 103.30 102.27 102.27 103.27 1066 1064 1084 105.4 1061 1082 106,80 106.39 106.30 106.17 106.17 106.17 109.5 1095 109.6 1089 1089 108.9 109.6 1096 109.6 109.12 109,13 109,18 4%8-3481943-45 10831 108 20 108.20 4%81947-52reg.. 119.1 1191 1191 FEDERAL FARM MORTGAGE 2%81942-47 . 1033 1033 1083 B 19457 dovae dona dokae 381949 1 x.auuu.._.._, 108.4 1083 1053 HOME OWNERS' LOAN. 2% 8194344 102, 10180 101.80 2%81939-49..... 10180 101.37 101.39 381968 cacaaa_. 10319 103.12 108.19 FOREIGN BONDS. HRish. Low. Close. Abitibl Pa&Pw 6 57% b6Y 6T Agr Mtg Bk Col 6 48 April coupon on. 204 20 20% ‘s lm o734 lm 85 l‘l% 7% lm 1013 1013 1013 10134 100 10034 - 101 10034 1004 1003 1008 10034 Argentine 6s -n on a 1005 1008 Argentine 1003 10085 1008 Argentine Cl'lo Bcn 101 100% 101 100 1005 100%( . 1003; 10034 1003 - 101 100§ 1005 Australia 4% '56.._. 1024 10214 103} Australia 68 '55_____ 108% 10834 10835 Australia 58 57 oae... 108% 10834 1084 | Austrian 7867 ceeaa. 974 974 9735 10735 1073 10734 13 118 13 24 oy C— o) T— W -53 3%m1941. .. 3%8 194043 June 3%8 194148 Mar. 3% 8 1943-4' Antwerp s ‘88 oo Argentine 6% 8 6% .. Buenos Aires 4%8-3%3°71 Pv. __ BuenosACé3s'61stPy Bulgaria 738" May coupon off..... Chilean Mun L 78 *60_. Chinese Gv Ry bs ‘51... Jopenhagen 9 Copenhagen b8 '53.... Cordoba 7s '43 Prv.... Cuba 434849 .. Cuba 58°14-"49 coeeee Cuba 63%5 45, 9634 96] 100 100 6424 643 Bu)g 99 985 9834 101 101 101 1053 1083 10834 7634 183 T6M4 6% 1634 7644 76 16 16 6 68 68 172 172 1712 102 162 162 38% 39 El Salvador $s"48 ct_. French Gv 75 '49 un st French G 7% GerCBk A Ger C Bk A 68 60 July Ger C Ag Bk 68°60 Oct. Ger Gen Elec 78 "465._. Ger Gov 538 ‘65 st Ger Gov 5%8°65 un st Ger Prv & City Bk con Ag 638 '58 Ger Rep 7849 stpd Ger Rep 78 ‘49 un s Grtclél Jap 78’44 __ Hung Oon H 114848 unmat coupon on. Italy 7851 ItalCrd P W 7s 47 B_. Japan 634865 ... Japan 638 5. - Kreus&Toll §s '59 cfs. Modelin 634854 . _. Mex 48 '10-°45 asst sm. Milan6%s’62 . __. Minas Ge: %s'58 Sept coupon off __. Minas Geras 6158 69 Sept coupon on... Montecatini 7s ‘37... Montevideo Montevideo 7s '52. New So Wales bs '57.. 1043% 10434 104 New 5o Wales 58 '58_. 1% Toass Touss 10424 1043 10434 9T 9T 9Ty 101 101 01 10134 1013 10134 1065 10884 10835 24 Y AUy 814 183 1834 10055 10034 10045 72 72 12 Panama bs 'u atp 83% 683 63! Paris Orl Ry 6%s 'll INS( l“" IM‘M‘ Peru 68 60 12 ll/{ 1% 148 2% L 61% 18% e Poland 8850 ... Porto Alegre 8s June coupon off ... Prussia 6s°62 __..___ Prussia 63851 Queensiand 68 *47..... 112}§ 11234 1133 2414 24} Y 28 38 5 28 - 21K 21% 7% THE EVENING STAR, WASHINGTON, D. C, FRIDAY, SEPTEMBER 18, 1936. BONDS ON N. Y. STOCK EXCHANGE AtcLundue o T4 oo mn( 10 10 lom mm 10834 10834 107% 1083 80 79} 80 12% 112y 12% 92 9134 92 o FEH !.II.H 1 a4 000! 12934 12934 12934 10474 10454 104% 80% 80 80 85 85Y 864 8485 4% 84y 24 22 2384 22 23% 102%4 1028 10285 1084 108§ 103} K TR TIR 10434 10434 10434 1093 109% 109} Calif Packing b8 ‘40__. Can’dian N R 4348 '67. Can’dian N R 4% s ‘55. Can'dian N 65’69 July. Can’dian N R 68’69 Oct Can’dian N ab 6345°46 Can‘diaa P db s perp. Can'dian Pac 43s ‘60 Can‘dian Pac 5s'44 ofs Can'dian Pacbs '64 ... Caro Cent con 48 '49 Cent of Ga con 68 *45.. Cent (I B &G Cent N England ¢s '61. Cent of N J gen bs '87. Cent Pao 1st rf 48 *49. Cent Pao bs '60. Cent P Tr Sh L 4 Cent RR B Ga 6837 Cort'd deb 6348 48 .. Champ P& F ¢%s8 '50. Chesap Cov bs Chesap Corp 104 104 104 116 11634 115% 11934 11934 1194 1195 119% 119% 12114 12134 12134 12834 1269 12884 9635 96 964 1051 105 10535 11634 116 116% 10874 10834 108}4 51 6L 5L 30 20% 30 1043 10434 10434 58 574 68 923 928§ 923 110% 1103 110% 10134 10134 10134 1073 107% 107 86} 85}y 853 9834 93345 9344 106% 1063 1055 136) 134%4 135 154 15834 15334 Close. — I=K lfl” lfl)fi 2 ‘._. 11084 llm Ilm L &N 1st 452008 1023 102 102}4 L &N unif ¢s'40__ 10934 10934 10934 L &N Atl K&C 4 'll~ 118) 1144 118% L & N So Mon it ¢s ) McCrory Stores 5s'51. McKess&Rob 6% '50. MeCRRclt 4845 A__ Manati Sug 7%8'42... Man 8 1st flh’fl elfl 10834 10834 10834 108% 10834 103} Nl!( 1013 101% 49 50 1005 10034 1003 109 109 1098 10635 10834 10835 95 91 95 104 104 1043 10434 [ 104 108 4! 8% 387 MOK&T 4%s'18 . MOK&TES'62 A MoK & T adj 68’67 MoPacts'811 ... Mo Pacific5%8°49 A_. 3 1028 wzu lom 10435 10435 10435 Y5 9 % o1 91 9 995 9814 993 1168 116% 116% 10634 1061 1064 1068 108%% 1083¢ 10634 106% 10645 07 1063 1064 ol 89 Mont Tram s *41 Morris & Co 4%8 '39._. Mor &Essex 3148 2000 Mutual Fuel Gas 5547 Nat Dairy 3%s 51 :vv Nat Steel 4866 New Jer P&L 4 Ches tom--n Due. 10034 10034 100! C&Ogend¥n'9a ... iT 12634 126 125 10 116 110 57 67 67 245 24 2434 A | Clev EI [llu 3% 218 Chi R I&P rt Chi R I1&P rt Chi R I&P ge: = 8344 103% 10844 mm - 1113 1113 1113 105% 108% 1088 85) 85 8514 102§ 1025 1023 108} 103 108 9T 963 97 102} 10214 10244 108% 1063 10644 1108 1105 1108 . 11185 111% 11184 104 1033 103% 1081 108 108 1104 11036 11034 83 82 83 74 164 77 105 105 108 Cbi Un Sta 4863 Chi Union Sta 6s *44. Childs & Co bs *43_ Chile Cop deb 68 '4 < CCC&St L gen 48 CCC&St L rf 4 %48’ 77 B CCC&St L C aiv Clev Cliffs Ir 4% s '50. Clev Short L 4 Clev Un Tel 4%s°77 . Clev Un Term Clev Un Ter 5%s 72 A Colo Fuel & Ir 5s°70.. Colo & 8o 4% s '80 Columbia G & E deb 6853 April ______. Columbia G & E 63 52 May... b 1081 10474 1047 Columbia G&E 10436 10434 10414 513§ BOY B1lf 10834 10514 10834 10514 108 106 10834 1063 1084 1065 1055 10554 10835 10534 106§ 101% 1013 10134 1081 105 108 8635 5435 56y Cons Pwr 3348 °70 Container deb 3 8 DesM&FtD 4 lseh m: de Jan 6%s n ug 00uUPon off ... 1 1 Rio Gr do Sul 65’68 N June cou; 17 1 7 n July eoupon nfl. Sao Paulo 8t s '0...‘ 8ao Paulo St 8s July coupon off Sao Paulo St 8850 July coupon off..._. Serbs 78’63 unm 6 0. Berbs $8°63 unmeo . Siemens & H 638 '51_ Silesia Prov 7s ‘68 ... Sydney 5%8 65 cauue. . l%u IOUM lflu Taiwan Elec 6%8 71.. 179 Tokio 538 *61. ‘Tokio B L Ltd 68 ‘63 Tyrol Hy Ele¢ 7%8'55 Ujigawa E Uruguay Vienna 65°52 May co. Warsaw 1s 58 Westphal El Pw Yokohama 68 '$1..... DOMESTIC SONDS. Adams Express 48 *48. 80 79% 80 1118 11 11 105} 3 1083¢ 1083 mu 1185 116 36 11234 11836 lnn 108} 1083 11186 1113 1116 11196 11136 1113 5= 2ce 2 aeereR m 23293985z .11 m 8134 0 3 ’EEBBFEFEEEBE a 1083 108 108 283 2835 2814 10834 10435 106 106 106 108 110% 1108 1103 1145 1143 11 F P 0 62 62 62 64 637 64 B6%4 56 5674 . 10134 10134 1013 1075 107 10735 87 86% 87 1073 107% 107% 32 3K 81y 1835 15 153 27 26 26% 8% 8y 8y 1134 1113 11134 . 11634 1163 11635 108 108 108 26 25 25 281 2734 284 11134 1113 1113 925 923 92% 91 91 9g 87 863 86} 86% 861 86} 10834 103% 108 70 9% 70 12% 113 12 113 10% 1134 102 102 102 - 106% 108% 1054§ 864 86} 8634 106% 106 108 1083 10835 1083 10435 10415 104% 1003 10014 100§ 18135 131% 13134 118 11736 1173 1078 1074 107% 11484 11484 11485 1084 10615 105} 10434 1043 10434 m o o % 13’ s 98y 98 98y 901 90 90 l!!}i 128 ul 102 102 4% 4% 'uu 825 61 62k n:)( 1233 12234 5% 36 88% Cuba RR ref 714336 _. Cuba Northn 5% 8'¢3_ Cumb T&T 5s'37 Dayton P&L 3% Del & Hud ret Den G & E 58 ‘51 st Den & R G con 4s 3 Den & RGW 6865 asst Den & R G ret Detroit Edis 48 '65 F* Erie ref 55 '15:-—.::: Farb’ks Morse 4s '56... Fla ECRy 4%8°'59.__ FlaECRy 6874 Fla E C Ry 68 74 ctfs. Gen Am Inv bs *52_. Gen Cable 5348 "47... Gen8tiCby A 6 Q... SR i ref434n’61 A Grt N Rgen 44576 D GrtNRgen4% 7B Grt N R gen 68 73 C.._ Green Bay 6 Gulf M & N 68 '50. HarRy PC 1st Hock Val 434899 __ Houston Ofl 6% 40 H’satoni¢ con bs '37__. Hudson Coal 68 '52__. Hudson Go G 18t 58 49 Hud & Man inc 68 °57... Hud & Man ref 58 '57... 111 Cent ool tr 4 'n 98 903§ 108 1063 10836 10636 108 108 108 48 a3y a3 9435 9435 94 IntRyofCA m'u. Int T&T ov ¢ %8 39... 82 Int T&T 4%s 63 1% Int T&T 68°56 . Iowa Cent 1st&rtis'sl 3 JamesF&C4s39 .. 97 971 0 104 1083 103% 583 573 5834 B3 533§ 63k 89}y 893 891§ New Or1 P8 6856 B New Orl Ter 18t 43 ‘63 New Or T&M 4% New Orl T&M ent rf 4% zuu. rf4%82013n.. 013, ZZZZZZZZ gt 1 0 a X Q M 7] & o s NYC&St L 4%"" NYNH&H ¢%s» NYNH&Hov 6 NY NH&Hen 48 NY O&W gen 48 ’66... NY O&W ref NY Rys inc 68 NY & Rich G 6s e lOT)i 107% 107M NYS&W 1strfbs's7. 89 89 80 NY S&W gen 6840 NY Tel gen 4% s NY W& B4lys'4e Niag Falls Pw 3% 566 Niag Sh 6%s '50 Norf So 1st ref 58 %61 Norf & W PC&C 4s "41 North Am Co 68 "61._. North Am Ed 6869 C. Nor'n Psc gen 3s 3047 Nor'n Pac 48"97.___.. Nor'n Pac 4897 reg_... Nor’'n Pac 4%8 2047... Nor’n Pac 58 2047C_... Nor’'n Pac 58 2047 D Nor'n Pac 6s 2047 .. North Sts Pw 4148 61 North SP 1st5s'41 A. Ogden L C 48 Ohto Edison Ont Pwr Niag 5843 Ont Trans 1st . 110) 110 110 14 13% 14 10634 10634 10634 10874 1083, 108% 18 17 1T 1083 10635 10615 10714 10635 1063 107 106 w1 8034 8034 11044 1104 ll‘)lfi 108 108 108 108 10274 108 1091 1093 10915 10874 10834 108% 1115 11134 11134 10634 1054 10634 233 32 m 10614 10634 10614 11434 11434 11434 1145 1143 1145 nz 1z nz 10234 102 1023 . 1063 1100 110 110 . 10134 10134 lox;‘ 10414 10415 10134 10134 Pan Am P C 6s * Dnth Par-B'way b3 & Paramount Pic 6s Parmelee 1143 1145 1145 10434 10434 10434 10834 108% 10835 1093 109 Penn RR gn 4348 *65 .. 112% 1123 Penn RR deb 4%s '70. 1065 1063 Penn RR gen b8 '68.__ 120 120 People G L&C rf T 11434 11434 11434 Peoria & E 18t 48°40_. 95% 95' Peoria & Eino 4s*90.. 16)4 16}§ Pere Marq 4%3 80 ... 103} 102 Pere Marq 1st b8 108 106 Phila B&W cn 6874 1244 1241 Phila Co 68 '67 ... - 107 Phila Eleo Co 48 71 105 1043% 10434 Phila & R C&l 3. 483 45}5 4ei4 Phila & R C&1 9. 2844 28 28y PCC&St L 4%8 77 C.. 1085 1085 lol's PCC&St L 6870 A.... 120} 1201{ 120§ PCC&St L 5876 B.... 120 11974 120 9 94} 9434 10834 10334 10334 Port Ar C&D 68’53 B.. Port Gen El 4348 ‘60 Port G E 18t 58’35 ext Postal Tel & C6s '53.. Pressed St1C6s'33... Pure Ofl 448 50 ww._. R-K-O 63 "41_... Reading [+] Reading R 4%8 Rem-R 5% 847 A ww.. Republic 8t} 4348 *61.. 5 78 714 1134 10814 10615 1063 353 3434 36 106 104 105 114 1184 18 8% T84 18Y 102 102 102 - 10835 10834 10635 107 Rio G W col 4s 4! R1AZL 1st 4% 95% | Tri-Contl Corp 58 1:. BERQunn go= 5 00%5 61 m;{ m;‘ 101 20)¢ m 105 105 . 10134 10134 10134 mn 11134 11134 4 Seabd A Liref 48’59 . Seahd A L rf 48’59 ofs Seabd A Liad) Seabd A L 5 Seabd A-F1 6535 A et Seabd A-Fla 68'35 B ct Sharon Stl ov 4348 '51. 34 | Shell Un deb 33%s '61.. 183 113} 11835 | Laclede Gas uo EEEECSE Sa33a% EE Silesian Am 78 "41.... §efsgziagee §eguizgaiag K B §s :§§§=i=s=is;§= §§ = 30 6615 6615 6635 10634 10634 10634 | BES 10634 10634 | 8. No. 2.7 1023 1023 1028 PACE MAINTAINE BYRETAIL TRADE Wholesale Volume Reported Well Above Year Ago. Industry Gains. By the Associated Press. NEW YORK, September 18.—Un- diminished activity prevailed in all divisions of trade this week, Dun & Bradstreet said today. Retail trade suffered from linger- ing heat in some cities, the report stated, but the return to school and Fall-wear buying generally sustained volume. Wholesale trade held well above last year. The pace of in- dustry accelerated and was accom- panied by increased employment. “With the arrival of post-Labor day,” the agency said, “retail sales established a firm stride which was broken only in a few scattered cities. Heat retarded volume in some cases, but in others merely depressed the flow of Fall and Winter requisites. “The irregularity of Labor day’'s occurrence complicates comparison either with the preceding six-day week or with the corresponding week of the previous year. Indicative of the upward movement,. many cities re- ported in the past five-day week & volume of retail trade equal to that of the preceding week. “In most other cities the decline was less than might have been ex- pected with the loss of one day in six. Regardless of holiday considera- tlons, trade in virtually all centers exceeded comparable 1935 levels. “School reopenings increased demand for all lines of clothing.” All major geographical areas re- ported sales well above the #mpara« tive 1935 period, the review said. In New England the volume was well maintained, in the East sales were 10 per cent ahead and good increases were reported from the Midwest, Northwest, Southwest and Pacific Coast. Washington Produce ?’m—hn e _of prices to nonl, Sathered from wholesale dealers (pri rby_shipper: d fearby shippers based og Philadeiphia an 8 (92 score). veal. 16a17; 5: smoked ham, compound. 13 ml?“l""‘ score i;s—mi 1amb, b3z Tréen 2¥ao " Dork loin, OGN steady st un- Cutrent receipts. 25a24: 'Y __ whites, Government ed and amn 'nm OYn (net”prices shi) X ton) mediums, POUL urrent quota ations. Powl: ~Colo 17a19; Leghorns, 14ai1b: roosters, Chickens: - Virginia Rogks. broil: ers and "IE!I)‘ lliDl".’l l'flll unds and uj 82 Delaware ‘Erosses, 17a18; Fruits and Vegetables. Sales in large lots by original Teceivers up_to 7 rifi SN0, carlot no ed-u gn. U Buppiics lil uy 'uk 'Mfi H-lu. raci nl!t skets, 7581.00° . 1. Mary- California arrived: six arket auft western “erater Teebers type. 26.25. few higher, Boort& 5.5 NTONBCorrection: Thussday's \rlc§ should have read one unbroken car of one broken car on track. ont New York arrived: two unbroken cars on track. Supplies moderate: demand light: market lfihdi. N!' York. 5"~nnund sacks. Yellows. ‘U . 75a85: I and Itlnl :nd Virginia, bushel bask Cl r roken and two plies moderate: -l")onm. ne New York a two bmken lnd one unbroken cln on track. Suv s light: d light market slight ° Y g h! NN : York h‘ hhl hl:‘l!ll 75" fei Bisher. New York outhe Bper B8 Mo, 1, 2% inches, 2008 : lxln bvm LES-Noearlot ar- va ‘Oken car-on track, LA BEA 5= Supoiles “moderate: de- ight: I‘lt ady. Delaware, nd xnd ‘Bennsyivane. bushel’ ham: A!lD—lanllex moderate: de- mand Hent: marker steady . Maryland, New Jersey and l;mnma-m. bushel ham: rs green. round and flat a baskets, New CU Bushel York. 1.0081.50. POTATOES—No carlot arrivals: no e on track. Supplies moderate: demand f market slightly mau,u 100-Doun: 2.25: Pennsylvania, 2.00 L3 0, upd. sacks. Rustet Burbanks. T No * GARBAGE—One Vireinia_arrived: one unbroken car on_track. —Suoplies ‘mod- d light: mnm .bouv steady. 5-veck ham Dom Round. trpe. 1358150 bushel hampers, Domestic Round_ typa. 1.00 CANT, No carlot arrie SR e SRR o, standard Flats. Pine Mests: a lot_arrivals S o A 10 e ady. Califor Western let- ozen, e Tdaho arrived: four broken M one unhrn)’eh cars on track. lulm‘!l Hent: market steady. " Call. mpers Telephones, 2.50a No_carlot arrivals: no Bnu;lh ligl ll de and light: market foken cars’ on o mr:fi‘: Gemand light: orado._standard and 125, 1.7582.00. two Cbroken track. pplies m: sk Sionh oo Tumbo crates, 8s to Hign. Low Close. 116% 11634 116} 10786 10786 10784 -. 104 108 108§ 101 101 101 10434 1043 10434 1043 10435 1045 -10534 1051 10814 10934 109 109 70 0% 704 37y 87% 8TY 120 120 120 122% mu um um mu Term Asso con 58’44 Texarkans 53%s 60 ... Texas Corp Texas & Pac l- 1B Texas& Pacbs*19C.. Texas & Paoc 83’80 D Tex & PacMPT 5%8'64 Third Ave ref ¢s 'W Third Avad =6 1253 1233 1283 106% 106% 10635 1035 10834 108% 10434 10435 10434 | col 6 61 eay ki Mg T T4 1% 155 18% 106 Ut PELS%e 4T __. Ver Sug 1st 78 °42 otfs Va B & P 16t ref 48’65 VaRy 1st 3%s 66 A_. Wabash 4%8°78 ... est Penn P 831 W PlP 1st68'63 B _. w :: ist .lilll: std.. D 3. West'n Md lu-‘" 0734 1073 107% West'n NY&P 1stbe’s7 10134 10134 10134 37 L 109 10835 109 106 106 106 109 1085 109 1013 10155 10154 1003 10034 1003 29 284 29 29% 28} 29 - llll)’: l:“ lm 28 1% 1794 Y'ngstn SET 3%0 S1. 127% 1383 mmu"n—— 108¢ 108 108} the | 1n€ circles satd today. ally | rectors of company approved & plan Eastern Railroads Weigh Fight to Keep Surcharges By the Assoclated Press. NEW YORK, September 18.—Heads of Eastern railroads meeting yesterday were reorted to have discussed in- formally steps which might be taken itly by the carriers in a fight for retention of surcharges on freight granted by the Interstate Commerce Commission to tide them over a lean earnings period. It the surcharges are allowed to expire at the end of this year, the rail- roads stand to lose $120,000,000 an- nually in revenue, it was figured. The I C. C. several months ago turned down an application for continuance of certain of the surcharges by pub- lication of supplements to present tariffs, Since then rail groups have been studying methods for new procedure. NEW FLOTATIONS INCREASE SHARPLY FINANC CIAL, |.T.&T.REPORTS BIG GAIN IN NET $3,353,813 for Six Months Compares With Orly $2,128,581 in ’35. By the Associated Press. NEW YORK, September 18.—Inter- national Telephone & Telegraph Co. reported for six months ended June 30 consolidated net income of $3,- 353,813, against $2,128,581 for the cor- responding period last year. No provision was made in the in- come account for any loss or damage which may be sustained by Spanish subsidiaries as a result of the civil war. The report added it had been “im- possible to ascertain or to estimate at this time the extent of such losses or damages.” The company has re- ceived no remittances from its Span- ish units since July 17. The first half net income, which included $1,601,439 as dividends and interest and management and service fees from the Spanish Telephone Co., a subsidiary not consolidated, was equal to 52 cents a share of capital Strong Demand Paves Way for Substantial Rise During Week. By the Assoclated Press. NEW YORK, September 18.—Con- tinued strong investment demand paved the way for a sharp 1iise in new security issues this week, bank- In the week ended September 17 new flotations increased to $105,209,- 000 from $62,279,973 in the previous week and compared with $105,035,500 in the like week a year ago, a special survey by Poore's Publishing Co. dis- Industrial loans scored the sharp- est gain, reaching $55,600,000, com- pared with $1,250,000 the week before and compared with $74,000,000 in the corresponding week last year. Of the week’s aggregate, the bulk consisted of $55,000,000 Bethlehem Steel Corp. 3% per cent bonds, issued for re- | funding and new capital purposes. Municipal obligations dropped to $42,274,000 from $58,433,000 in the preceding week and compared with $17,897,500 in the like 1935 period. Rallroad liens totaled $3,075,000, against $9,000,000 in the correspond=- ing week a year ago. In the week ended September 10 none came out. Stock offerings declined to $1,650,- 000 from $2,346,973 last week and compared with $4,163,000 in the simi- lar 1935 week. Miscellaneous issues were $1,110,000, | against $250,000 a week ago and $475,- 000 in the like week last yeai. Public utility obligations totaled | $1,500,000. None came to market in | the week ended September 10 or the | corresponding period of 1935. _— Cram’s Estimates Auto Production At 33,615 Level| Py the Associated Press. DETROIT, September 18.—Cram's Reports, Inc., estimated the current week's output of the motor car plants at 33615 cars and trucks, compared | with its estimate of 26,850 for last week | and 12,600 for the corresponding week | of 1935, ‘Ward's reports placed the weeks to- tal at 26,640 cars and trucks, compared with 1ts estimate of 27,619 last l'eeky and 13,250 in the comparable week last | 1t added “developed a shrinkage in the | company’s output that could not be! overbalanced by advances” by other companies. It places the number of companies now engaged in 1937 model work at six. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, September 18.—The following 1s today’s summary of cor- poration news prepared by Standard Statistics Co,, Inc, New York: Studebaker Corp.—Company called back to work 600 men, many of whom have been idle from three to five years. Total number employed at plant at present was about 7,000. Goodyear Tire & Rubber Co.—Di- for submissicn to stockholders at a special meeting November 2 for ad- justment of accumulated dividends on | N the $7 first preferred stock, amounting to $11.25 per share, as of October 1, 1936. Plan provided for the issu- ance of new $100 par 5 per cent con- vertible preferred stock, senior to the present first preferred. For each share of the present first preferred there would be given in exchange one share of the new senior preferred plus one-third share of common stock. New senior preferred stock would carry dividends from February 23, 1936. Effect of this would be that preferred stockholders who exchanged their shares would receive, in addition to regular dividend of $1.25 for last quarter of 1936, an extra dividend of $3 on the new stock. P ST PHILADELPHIA PRODUCE. PHILADELPHIA, September 18 m— UL Doyltry. lnll Plymouth Rock, mixe s, heavy, Dressed fowi. mlh killed, woum:. ln bokl. 17825%, as FIRST MORTGAGE FUNDS Long or Short Term Let Us Solve Your Mortgage Problems Courtoous and Prompt Atten- m- Given All’ A"fi:ltiou E. QUINCY SMITH, INC. Mortgage Loan Correspondent { The Penn Mutuol Life Insurance 209 150 5t N.We Dist. “9057-9058 stock, against 33 cents a share for the first six months of 1935. Loft, Inc. Loft, Inc., producer and distributor of confections and food products, operating principally in Eastern States, reported for the June quarter net loss of $101,302 after taxes and other charges. This compares with net loss of $224,498 in the preceding quarter and net loss of $41,006 in the like period a year ago. CHICAGO GRAIN B} the Associated Press. CHICAGO, September 18 —Timely improvement of weather conditions 16r crops in Argentina, together with profit taking on advances here, re. sulted late today in moderate wheat market declines. Buenos Aires advices reported wel- come showers and rains over im- portant parts of the Argentine grain area. Export purchases of Canadian wheat were estimated at 1,000,000 bushels. Wheat closed easy, }:a7 under yesterday’s finish, September, 114%a 3;; December, 112%a%:; corn, 1 cent off to 3 up; September, 116; Decem- ber, 957,a96; oats varying from 3% decline to ) gain, and provisions 5 to 10 cents down. Cash wheat, No. 1 mixed, No. 2 mixed, 1.16 part car; No. 4 mixed, 1.18. Corn, lake billing, No. 1 yellow, 1.17%al.18%; No. 2 yellow, 1.17%,21.18%; No. 1 white, 1.33; Illi- nois proportional, No. 4 muned 1.18; 1.19; 1.18%al.18%; No 1.18%.al1.19; No. 4 yello'n l.ll; No. 5 yellow, 117al.17!3; sample grade, 115. Oats, No. 1 white, 46%¢a48; No. | 2 white, 46a48; No. 3 white, 45246%;; ample grade, 41%. No rye. Barley, eed, 70a80 nominal; malting, 1.15a | 146 nominal. Timothy seed, 590a 6.15 hundredweight; new, 5.65a5.90 hundredweight; clover seed, 15.00a 22.00 hundredweight. Liverpool Wheat Prices. LIVERPOOL, September 18 Un.—Wheat futures don:la firm. Mar 11 : Exchanse. b 053 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney Co.) Tel 444 Laclede Gas Light 5e Lake Erie & WR B bs 1037 high Yalley Coal 08 1635 ng Island Gen 45 i Lotts & ‘Nasn RE 58 1037 1031s Michigan Cent RR 48 1040 1047 Morris 043, 1024 sR3, 9 Penn-Dixle semen fl: 1041 Fennl R R Rio Gi 45 1939~ Son SaRE of Cal bs 1937 Vanadium Cofp 5s 1941 _ Wabash Rwy Co 58 Warner Bros 6s 19 Western N Y & Pa bs 1057 Western U Tel bs 1 —_—— E. P. 3. DIVIDENDS ON ARREARS VOTED Stone & Webster Holding Concern Orders Boost in Payments. By the Associated Press. NEW YORK, September 18.—Die rectors of Engineers’ Public Service Co. have declared, on account of ac~ cumulations, dividends of $6 on the $5 convertible preferred, $6.60 on the $5.50 cumulative preferred and $7.20 on the $6 cumulative preferred. All are payable November 2 to stock of record October 15. After payment of these dividends there will be accrued, including the dividend normally paid October 1, which has been deferred, $6.25 on the 85 convertible preferred, $6.87!: on the $3.50 cumulative preferred and $7.50 on the $6 cumulative preferred. Previous payments were $4 on the $5 preferred, $4.40 on the $5.50 pres ferred and $4.80 on the $6 preferred, on August 1, when the company ree sumed dividends on the various issues. ‘The company is & holding concern, controlled by Stone & Webster, and operates utilities throughout the coun< try. —_— WOOL MILLS FACE PRICE RESISTANCE Several Forced to Reduce Rates 8lightly, According to Com- mercial Bulletin. Bv the Associated Press. BOSTON, September 18. — The Commercial Bulletin will say tomor= Tow: “The demand for wool has kept up reasonably well this week. Some of the larger worsted outfits are said to have purchased fair weights of the better stapled wools costing in the range of 87-90 cents, clean basis, and for strictly warp fine wools selece ted somewhat in excess of 90 cents. Medium wools and particularly quare ter-bloods have been in demand and prices are ; cent higher, at least. “The position of the mills, however, still is more or less difficult, with price resistance forcing several mills to cut prices somewhat as compared with opening rates. “Bradford seems less disposed at the week end to follow London, al- though Brisbane has kept firm. Some forward sales of low crossbreds re- ported at extreme prices in South America. “Fall mohair nearly cleared from Texas at 55 cents for adult.” NEW YORK BANK STOCKS NEW YORK. September 18 (#).—New York Security Dealers’ Association (Quotations as of 2 o'clock.) Bk of Map (1331 ankers T e S Do 23 b aoond et o i rou CHICAGO PRODUCE. CHICAGO. September 18 (P —Poultry. live, ome car 38 trucks hens steady to firm Springs easier: hens 4!, pounds t:: less than 4's pounds, 16 Leg- 13%33orings, 4 pounds up, Wi k. 17: coiored. Plymouth and bareback chickens, 13: 14: roosters 14: Leghorn roosters. turkers, 10ai0: olq ducks. 47 pounds up. 14: young white ducks, pounds up, 18; young colores 14. smail white Sucks 14 small colored, "1i: old geese, 11'si unsettled. ). 34, 8. f standards (90. cen- Egss. 1; stesdy, 180: total prices unchanzed Potatoe; on track. umudbm-m -‘hipmenuh wt re' sales, 2.80: 1, showing decay. _.‘3 Washington binaiion grade, Triumphs. U Beauties. T. 8. No, 1. U. 8. No 2.30; partly usset Burbanks. com ): Colorado_Bliss % Brown 3.20: Red McClures, 80 Utah Bliss Tri- New Jersey 10: partly graded. 1is: Trlumpm'mmy wra Soming Bliss Triumphe, |/ ‘sraded, showing considerable decay, MONTREAL SILVER. MONTREAL. September 18 (.—Slver futures opened steady and unchanged. Qeptember, | ¢4.50b: Becemkm. 44.50b; arch, 44.50b. RUBBER FUTURES. NEW YORK, September 18 (P —Crude rubber (ulures opened steady. a4 lower, September unquoted: December, 16.56b: arch, 16.65b. b—B e Glidden Co.—August sales were $4,074,630, against $3,582,493; net profit was $267,729, against $67,610. —Net income, seven months ended July 31, was $406,352, equal to $1.84 a common share, against deficit of FOR INVESTMENT interest. BRADLEY, BEALL & HOWARD, INC. 5 For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged en Easy Monthly Payments Money for Co.::lncflol Loans Loans on Improved Properties 512% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Suceessor to the lnhn- of JAMES ¥ 643 Indiana An. N.W. HOME LOANS to build or refinance 0% $7.50 PAYMENTS as low as per $1,000 COLUMBIA BUILDING ASSOCIATION 716 1ith St. N.W.