Evening Star Newspaper, September 21, 1936, Page 15

. FINANCIAL. RAILROAD BONDS IMPROVE FURTHER Junior Carriers and Few Oth- ers Draw Interest—Ma- jority Narrow. Bond Averages 10 10 10 Rails. tndus Util. For'n Net change. +.1 —.1 Unc. +.1 Today, close *96.4 103.3102.6 70.4 Prev. day-.. 96.3103.41026 703 Month ago.. 94.0103.3102.6 69.3 Year ago... 825 992 972 67.1 1936 high... 96.4104.11029 72.0 1936 l0W.... 86.9101.8 99.3 67.6 1936 high... 87.81022 99.8 704 1935 10W.... 764 922 845 65.5 1932 low. 458 400 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Close ....112.7 Prev. day.112.7 Month ago 112.1 Year ago. 109.9 1936 high_ 112.7 1936 low.. 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 86.8 (Complled by tne Assoclated Press.) *New 1936 high. By the Assoctated Press. NEW YORK, September 21.—Rail ‘bonds, particularly of the more specu- lative varieties, and a handful of cor- poration issues, mostly of the stock conversion type, enjoyed the principal buying in a market in which the ma- Jority of prices were slightly improved. Pressed Steel Car 5s were ahead more than 4 points in the final hour, while Allis-Chalmers 4s, Portland General Electric 4'2s and Hiram Walker 4l4s ‘were up a point or more, Some of the rail loans adding sizable *' fractions included Alleghany 5s, Erie ~ corn, 55, Missouri-Kansas-Texas 5s and St. Louis-San Francisco 4!2s. U. S. Government issues were mixed with most thanges on the upside in Treasuries, while Guaranteed Agency issues gave a little ground. CHICAGO GRAIN By the Associated Press. CHICAGO, September 21.—Late estimates that three to four million bushels of Canadian wheat were pur- chased today for export did much to whirl breadstuff prices to lofty heights everywhere. Minneapolis and Liverpool Wwheat markets soared to new top record quotations, Liverpool to the highest in more than six years. Heavy selling to realize profits led to reactions from advances in Chicago. Contrasting with wheat, corn suf- fered a tumble of 4 cents for Sep- tember contracts, the extreme per- lmssable limit. Wheat closed nervous, 3g-7, above Saturday's finish, Sep- umber 1.14%; December, 1.133;-7s; Ba-dly dow‘n September, 1.11- 1.1135; December, 94%-%; oats, 1s-Ya | off, and provisions unchanged to 27 | cents lower. 1 " Chicago Cash Market. Cash wheat, No. 2 red, 1.25'2; THE EVENING STAR, WASHINGTO s BONDS ON N. Y. STOCK EXCHANGE By private wln direct to The Star, Approximate 'l'un-uflm Today. B U SGov't Bonds..__-, $770,000 I-‘orelgn BONAS.cemen.. 820,000 tic Bon - 11,490,000 —y TREASURY. High. Low. ~Close. 10416 10411 104,16 102.24 102.24 102.24 10130 10126 101.80 1019 1017 1018 103, 102,30 103, 1062 1052 1062 106.7 1066 106.7 1073 107. 1073 109.4 1094 1094 108.15 108.12 108.18 1099 1097 1097 10912 109.12 10912 102,27 102.27 102.27 1148 1144 1148 4%s-3% 10824 10821 10824 4%81947-52._... 1193 119.3 1193 FEDERAL FARM MORTGAGE. 288194247 103. 103, 103, 381949 oo . 10327 103.25 103.26 31481964ocmm—. 1063 105. 1053 HOME OWNERS' LOAN. 21,8 194244 102. 102, 102, 238193949 102. 101.28 101.31 331952 - 103.18 103.18 103.18 FOREIGN BONDS. Agn. - 69 97 288194547 e 28w 1948-51 28 1951-64oone s '56-59 nu 1955 lo_.... 381951 381946-48 ______ 338 1946-49 381941, oo 318 1944246 ___ 3348 1941-43 Mar. 3%81943-47 ____ 27%8 1955-60 reg... 45 1944-5: Low. Close. [ 97 97 8% 8% 8% s % 1% 9% 9% 974 10135 100% 1004 101 101 101 100% 1008 1003 1003 1003 100% 101 101 101 101 100% 101 1003 100% 1005 1013 101 1013 10074 100% 100% 101 101 101 10274 102% 102% 109 1083 108% 109 109 109 25 25 25 10735 107% 107% 114 1183 114 ~ 1053 1055 105 28 2T4 27 215 214 2744 2m4 21% 214 34 84 84 103% 1033 103% 1001 100 1005 5035 503§ 604 6415 6435 6435 683, 683 68Y 2 6614 101 103 ( 11 145 % 14% 143 Abitibl Pa&Pw 63 ‘63 Akershus 58 '63 . —caee Antioquia 78°45 A ece Antioquia 3d 78 '57aue. Antwerp bs Argentine 53%s 63 Argentine 68 °57 A ... Argentine 6s ‘68 B._. Argentine 6s '69 June. Argentine 68’59 Oct_. 60 May .. 60 Sept. Argentine 65’60 Oct - Argentine 6s ‘61 Febr. Argentine 6s 61 May. Australia 58 '65. Australia 6s ‘67 Bavaria S 6138 ‘45 Belgtum 68 *49_. Belgium 78 55 ccamaue Belgium 78 '66 - 26-'51._.- L ) p— Buenos A C3s°8¢ Buenos Alre 4h3-3%38'77 Pv____ Buenos A 6s '61 st Pv_ BuenosAC6%s'61stPv Buenos Aires 4%s-4%8"76 April_. Canada 23845 ceeee Canada 3%8 '61oceeeo Canada 48°60 cceeacee Canada 6852 ——eeeee Carlsbad 85 54 cceaeen Chile 6360 Chile 6 Chile & Chile 6 Chile 6 Chile 6 Chile 75 '42_ Chile Mtg Bk 6 Colombia 63 '61 Jan. Colombia 63’61 Oct. Copenhagen 65 52 Cuba 51s ‘53 . | Czechoslovakia 8s'51. | Czechoslovakia 8s°52. | Denmark 4%;s 62__ Denmark 5328 *55... Denmark 6s *42 Dominic 1st 534 Dominic 2d 6%s "40 | Dominic 15t 6%s "42.. Finland 6s "45__ | Frankfort 6148 '63_ | French Gv 7s "¢) un st Ger C Bk A 65°38 Ger C Ag Bk 68°60 Oct Ger C Bk A 75 %50 Ger Gov 5148 65 8t Ger Govi6%s ‘65 u Ger Prv & City Bk con Ag 638 '58 Ger Rep s 49 stpd Grt CElJap 6%s 5! GrtCElJap 78 44 Haltl 63 52 Heidelberg 7 Hung LM 7 Hungary 7%s 44 Febr coupon ou red. 1.2415; No. 1 hard, 1.2212; No. 2 | ;00,0 94757 hard, 1.23; No. 2 mixed, 1.18%. Corn, lake billing, No. 3 mixed, 1.1 yellow, 1.14 No. 2 yellow, 1.147 No. 3 yellow, 1.14; Illinois proportional, ¢* No. 3 mixed, 1.14; No. 1 yellow, 1.1415- 15; No. 3 yellow yellow, 113 v-u No. 5 yenow 11312~ Oats, "No. 1 mxxed 46"- white, 463;-49; No. 2 v\'hite. 45 461;; No. 3 white, 4415-45; white, 43; sample grade, 4212; no rye. Barley, 1.40-44; feed, 72-80; malting, 1.15-46; timothy seed, 5.90-6.15 cwt.; new, 5.65-90 cwt.; clover sced, 15.00- 22.00 cwt. Liverpool Wheat Prices. LIVERPOOL. September 21 w+).—Wheat gutures closed firm, High. Prev Low. October geeemher arch Exchan »— llrllckv spot s biember. 1-15%. b Somesite, 4.13%4¢ U. S. TREASURY NOTES. (Reparted by Chas. D. Barney & Co.) Bates Maturity, Bil CHICAGO UVE STOCK. peSHICAGO. Septem N Alr ) —Hog: Sivect; How uneveniy s teady to than hm. s lvenvfi PO 00, mcfldlnx %000 0 lower ofl more top, 260200, pounds, s. gradin mon e “ond t, 9. ¢ Uruguay 6s'64 25 “heifers mew high actically no weighty steers sold; to 15 lower, bulls fully steady; bout m-dy at 10.00 dow 000, inclu but 4 cows lami lown: uality 93‘51 “"x‘..,'.‘bZ“.'.L‘? Nl:l‘lllll’ nuneuve, Htfl! done early, ™ FREIGHT LOADINGS. NEW YORK. September 21 (P.—Rev- enue freight carloadings on railroads re- pariing today for week ended September 9 included: ek 1t & Ohi 51 'l?. ania Fe. 2 38015 Prev. week. 45.561 25.876 MONEY MARKET. NEW YORK, September 21 (#.—Call money steady; 1 per cent all :nmmlrl:lul per, 34 per cel ?"-u months, accep! MORE PLANES ORDERED. NEW YORK, September 21 (#).— American Airlines, Inc., subsidiary of Shviation Corp, with headquarters in A ‘Chicago, ordered from Douglas Air- craft Co. five additional 21-passenger Planes at a cost of $525,000. % .1315-143,; No. 4| r ‘Tokio E L Ltd 68’63 | Paris Orl Ry 63%s '68_ 2 | Rhein Ruhr 6s '3 | Rhine W El P 6s '52 Ital Crd P W Ts *47 B._. ital P U Crd 78 52 | Japan 6% 854 Jugos Mtg Bk 78’57 unmat coupon Karstadt 6s ’43 ct stp_ Karst 6s 43 ct st prin._ Kreug&Toll 5s '59 efs_. Medelin 638 "54 __ Milan 6%s ‘52 Montecatini s "37 Montevideo 7’52 New So Wales 58 '58 Nord RY 628’50 .——ev Norway ¢4 ——— Norway 4348 ‘66— Norway 6s 43 Norway 68 44 Oriental Dev 68’53 Oslo 42;8 66 Panama §s '63 stp 0T 106% 1068 83% 973y 645 106 Paulista Ry 78 Eeru 6a 60 Peru Poland Poland Poland Porto Alegre §a 61 June coupon of Prague Gtr 7%s '52 Prussia 63 '52- Queensliand 6347 Rhinelbe Un s 46 613 97 2¢ 13y 3234 2434 214 15% 18% 4 118 3234 2434 274 16% 18% Aug coupon off Rlo Gir do Sul 75 '66 May coupon off Rio Gr do Sul 8s "46 April coupon off ____ 2o | R10 de Jan 6%s '63 17 Rio Gr do Sul 7s June coupon off. Rome 6%s '52 Sao Paulo St 8 l‘ July coupon off _ Serbs 8862 unm ¢ o Shin’su El P 6%s '52 Silesia Prov 7s ‘58 Sydney 5%s '56 80 92% 9744 55 [N 5434 97 5214 26 25 Tyrol Hy Elec 7862 Tyrol Hy Elec 7%s '66 Uruguay & Uruguay 6s 6 Vienna 6s°'52 May ¢ o. Warsaw 73’58 _ Westphal El Pw Yokohama = DOMESTIC BONDS. Alb&Sus 3%s *46 gtd... lnau ma,{ ma,‘ Alleg Corp bs 44 Alleg Corp 6849 ... N!( u)‘ u% Alleg Corp6s°'50stp.. 656 64 643 Aliled Stores 4%s'50. 100 100 Allls Chalmers 48 “45. 160% 167%% 169% Am & For Pw£s°2030 70 68% 69} — 8 80 80 Am Ice cv bs Am1GCh b 1% 11 1 Am Intl 63849 - 10636 10834 1t Am Roll Mil) 438 °49_ 1175 116% 1173§ Am T &T 4%s°39.__. 112)§ 112§ 112)§ Am T & Tcl tr68'46.. 10634 106 106 AmT & T deb 68’60 111% 11134 11134 Am T & T deb bs *65.. 111% 11134 1115 118 1183 118 Am T F3%s-58 385-'60 148 146 146 Am Wat Wks 68 *75__. 110) 110 - 110 513 50 50 4 4B 48 0 1081 1063 1063 283 28 28% 72 T2 983 9834 98% 11134 1113 11134 A T&S Fead) ¢s '35 st 115 116 115 A T&S Fe gen 4395 " 1M1 110% 110% . 24 23 238 2. 10134 10135 10136 Atl1Coast Lclt ¢s°53.. 953 94% 94% AUCLun4%4s 64 913 920% 91§ |Den& R G W b: 183 ¢ H At] Coast Line 5s"45_. Atlantic & D 1st4s 48 Auburn Auto 4%8 39 B&O ¢%s ‘ID,._.. & O Toledo 48 °59 .. B& O PLE&W V 48’41 Bang & Aroos cv 4s ‘61 Bell T of Pa 65 '60 C.. Beth Stl ¢%s Bos & Me 4% Bos & Me 68 ‘55 Bos & M 67 Boston NYAL Bot Con M 638 *34 Bot Con M 6%s '34 ot Bklyn Ed con 33 8'66. Bklyn QueensC& S con 6s *41 stpd Bklyn Man T ¢% Bklyn Un Gas 68 ’45__ Bklyn Un Gas 55’57 B Buff R&P con 4%8 67 Bush Term con 6s 65 Bush Term Bldg 6a '60 By-Prod Ck 6%8s "45.. Can’dian N R 4%s ‘51. Can’dian N R 438 67 Can'dian N R 65’69 Oct Can'dian N db 65’46, Can’dian P db 4s perp. Can'dian Paoc 438 '46. Can'dian Pac 4%s 60 Can-dian Pac 5 Can’dian Pac CaroC1& 06 - Carth & Ad 4s '81 gtd. Cent of Ga con 6s’45... Cent of Ga bs 59 C Cent of Ga rf 5%s '59. Cent N E&G 6861 - Cent N England 4s '61. Centof N J 4s'87 Centof N J gen 63 '87. Cent Pac 18t rf 45 *49_ Cent Pac 68 '60 Cent Steel 88 41 . Cert’d deb 6538 *48 .. Cherap Ccv bs 4 Chesap Corp 58 *47 Ches & O 3%s'96 DL C&Ogen4%s'92 .. C& O con 5s'3y.. Chi & Alt ref 35749 Chi & E Il 6s Chi & E [1 b8 51 Chi Grt West Chi | & L gen bs *66 Chi Ind & L gen 65’66 CM&StP gn 3%s 89 B. CM&StP 4589 CM&StP gn 4%8°89 C CM&StP %889 E CM&StP 68 "6 CM&StP&P adj 652000 Chi & NW gen 333 '87 Chi & NW rf 53 2037 - Chi & NW 438 2037C. Chi& NW 4%8°49 __ Chi & NW gen 55’87 _ Chi & NW ref 55 2037 C&NW Nr W 634536 Chi R I&PTf 45734 __ Chi R I&P rf 4534 ctf Chi R I&P gen 48 '88 . ChiR I&P 4%8'52 Chi R I&P 4%8 '52 ctf. Chi R I&P 435860 Chi T H&S 1st 656 Chi T H&S inc 6860 _ Chi Un Sta 3%s ‘63 E. Chi Un Sta 45 63 o 3 Cin Un Ter 3%s D gtd Cin Union Term bs 57 CCC&St L rf 4%s'77 B CCC&St L ref 65’63 D Clev Clifts It 4% Clev Un Tel 414877 . Clev Un Term 5373 B Clev Un Ter 5%s -’w A Colo Fuel & Ir &s Colo & So 4% '80 Columbia G & E 53 52 May___ = Columbia G&E 5s '61.. Cons Coal Del 58°60._ ConsEd NY 3%s'46n Cons Ed NY 3%s 56 n Cons Gas N Y 4%s 51 Cons Pwr 3%8 70 Container 6346 _. Crown Will P 65 '51__. Cuba RR 1st 63 52 Cuba RR ref %3 °36_. Cuba Northn 534842, Del & Hud ref 4s 43 .. Den G & E 58 '51. Den & R G con 43 65 . Den & RGW 55'65 asst Den & R G ref 5578 Des M & Ft D 48’35 cfs Detroit Edis 45 '65 F Det Kdison 4%35 %61 D. DulSS& At 5537 East Cuba S 7%s '37 K Cuba S 7%s 37 El P&S W ref 55’ Eriecv4s’53 A Eriecy 45’53 Booeeoo. | Erfe gen 48796 —___ Erie ref 6375 Farb'ks Morse 4s 56 Fla C & Pen 58’43 Fla E C Ry 43%8 69 Fla ECRy bs'14 Ga & Ala bs*45 _ Goodyear T& s 57.. Goodrich 6s 45 Joth Stik H b Gould Coup 68 *40 Great N Ry Great N Ry 4846 Grt N Rref‘%l'sl A Grt N R gen 4%s8 "7 Grt N R gen 4% "7 E‘ Grt NRb6%8'52 B Green Bay bs "62 Gulf M & N 6860 Gulf Sta Stl 6%s Hous B&T 1st 65’37 Houston O11 5% s *40._.. Hudson Coal 6s '52 _ Hud & Man inc 53 °67_.. Hud & Man ref 5s '57._. 111 Bell Tel 3%8°70 __ 111 Cent 3%s I11 Cent col tr 4852 ... Il Cent col tr 48°53.. 111 Cent ref 4s °55. 11 Cent 4% I11 Cent ref 6s *55 I11 Cent Omaha 3s '51. Il Cent St L 3%s'51 . LCC&StL N O 44%5°63_ ICC&StL N O b Inland St1 3% IntRT1strf IRT1strf5s Int RT 68’32 IntRT Interlake 68 Int Cement 48’45 ___. Int Grt Nr 6556 B___. Int Grt Nr 58 56 C.o. IntGrt Nrés’62 A__.. Int Grt Nr adj 63’52 A. Int Hydro E 6s ‘44 Int Mer Marin Int Pap ref 6s ‘55 Int Ry of CA 6s'72___ IntRyofCA 41 Int T&T cv4%s’39__. Int T&T 4%48°63 . Int T&T 68 55 Iowa Cent 1st&rfis's1 James F&C4s'39 Jones&L St] 4% s'61A. Kan C F S&M 4: Kan CFS&M rf 4s’36ct KanCP& L 4%8°61_. KanCSo1st3s'50 .. KanCSorfin5s°50._ Kan C Term 1st 45 '60 KanG& B4%s'80 __ Kendall 6%s *48 ww__ . Low. 1gh. 10234 603§ 80 81 112 924 913§ 9134 1025 106% 9874 103% 115 12914 104% 813 85%% 84%4 241 2334 23 102% 7734 - 103% 121 108% 9% 6614 563 97 1wy 164 121% 1283 9634 1084 106% 116% 10834 § 110 9% 8’775 873 1038 59 70 12 97 103% 5924 65 110 90 9534 1084 108% 104 118% 1083 u Laclede G 6%s 'll T-es Laclede G 6%s°60 D_.. Lautaro Nitr 6s 54 ... 10414 2% [ 6834 100% 87 1003 S 40 10435 10834 10314 99 11084 102 Close 1024 102} 5974 69 % 9 803 81 11234 11234 9214 921 91 91k 91 91 10234 102% 10614 10614 983 9874 10874 103% 14 116 129 129 104% 104% 81% 8574 8415 2414 23 22% 102% 7% 10334 1038 121 109 90% 65% 56 97 ung 1155 1215 128% 9614 10815 10815 116% 108} 10414 | 52 74 | Fac Coast 65 *46 9 114! 11634 8015 25 28% | 111 94 933§ 91%; 878 | 8734 | § 103% 59 70 125 12 863 | 21% | 104} | 105 10014 135 { nw’ 107 ¢ e | 10634 | 10435 | 4 115 12 99 103 1025 | 10235 1023 10235 6214 3615 84 107% 8 963 10315 103% 59% b9y 55 65 110 110 89 90 94% 9534 10834 1083 | N Y Centrf | N Y Dock 68 '38 _ INYNH&H lhl’fii_- INY W & B 414546 | Pan Am P C 6s "40 ctfs | Pere Mara 1st 48’56 103 108% 104 1049 113 113% 105% 105% 104 104 2% 2% 68 68 68 68 10034 1005 863 87 1003 10014 10454 1043 9814 - 98%4 11034 11086 102% 10235 Hieh, L &N ¢%82003 Cacae 108 108 108 L &N 632003 B. 110 110 110 Louv & N F&S 58 '37__ 108)% 1084 108} C& NSoMon jt4s’62 99 98} 9834 McCrory Stores 5s 51 1083 103}§ 103% . 104 104 104 : mm 1015 101% 50 03 495 «u Low, Close. Man S 1st 7% 842 ctfs Manhat Ry 4s'90__ Manhat Ry 4s 90 ctfs. Manitowoc 3148 *41. Marion St Shov 68 Mead Co 6845 Met Ed 18t rf I‘/zl 3. Mil Spa & N W 48°47_. MipD& S Lrf4s 49 . Minn & S* . 68 MStP&SSM cn 4 MStP&SSM cn 68’38 _ MStP&SSM bs "38 gtd. MStP&SSM 6%8 49 MStP&SSM rf 65 '46 A Mo I11 5859 - MoK & T 1st 4s ‘90_. MoK&T4s'62 Boo MOK&T68 62 A —ae Mo Pacbs'811 _ Mo Pacific 56%8 "49 A_ Mob & Ohlo 4% s 77 Mob & Ohio 6s ‘38 Mohawk & M 48 '91. Monong Pub 8§ Monong Pub Sve 65’65 Mont Cent s '37 Mont Pwr ref Mor &Essex 3% Morris & Essex 4%'556 Mor & Essex 5856 ... Namm & Sons 68 *43.. Nashv C&St L 48 T8 __ Nat Dairy 3%8 '6) ww New Or GNR bs 83 A New Orl PS6s'62 A New OrlPS6s'65 B New Orl Ter 1st 48 '53 New Or T&M 4358 "56 w Orl T&M incis'3s New Orl T&M 68 '64 B New Orl T&M 6%s 54 N ¥ Cent 84897 N Y Central 3%s 46 N ¥ Cent can 45 ‘98 _ N Y Centrf 4%s 2013. NYCrieyn i 10235 10134 10114 9414 941¢ NYC&St L 1st 45°37_ NYC&St L 4%48'78 .. NYC&St L 6%s'74 A NYChi&StL6s’38_. NYConnlst4zs N Y Edison 3%s 65 D. Y NH & H 455 NY NH & H 48 '56. NYNH&H 7 NY NH&H 4%8 6 NY NH & H cl tr 6840 NYNH&HcvEs 48, NY O&W gen 48’55, NY O&W ref 4s '92. NY Putnam 4393 NY Rys inc 65 6! NY Rys 65’65 A .. NY & Rich G 6s'51... Y Steam 5556 _ NY S&W 1strf 68 '37. Y Tel ken 43%s 39 Y Tr Rk 6s *46 stp. Niag Falls Pw 3% '66 Niag Sh 6%s *50 Norf So 1st ref 58 '61._. Norf S 1st r£5s'61 cfs_ Norf & W 1st 4596 Norf & W PC&C 4s "41 North Am Co 68’61 . North Am Ed 6557 A. North Am Ed 53863 Nor’'n Pac gen 3s 2047. Nor'n Pac 45’97 Nor'n Pac 4382 - Nor'n Pac 58 2047 C... Nor’n Pac 55 2047 D__. Nor'n Pac 6s 2047 orth Sts Pw 4%s '61. North S P 15t 55 '41 A Nor'n Sts Pw 63 41 B_ Ogden L.C 4848 _ Ohio Edison 4s 65 Ohio River gen 5s Oreg W RR & Otis Steel 63 '41 105% 10575 | 801, 81 10935 110 | 1023, 1023 ¢ 109% 109% 1093 109% 111% 1113, 106 106 105 106 10514 105% 3434 10633 106%y 10135 10134 | 107 § 10235 6 § 106% 10975 101 § 104 10134 364 60 9635 651y 10614 1005 5 10434 108% 1083 122 11214 10534 120 11434 9614 1734 9914 102 106 1063 10414 10734 PacG& E3%s 61 Pac G & K 45 '64 Pac T&T 1st 5837 .__ Par-B'way 5%38°51. Paramount Pic 68 Parmelee 65 "44 Penu RR 4%s "84 Penn RR con 43 "60. Penn RR gn 4%8 "65__ Penn RR deb 48 70 Penn RR gen 58’68 _ People G L&C rf 5s'47. Peoria & E 18t 4840 __ Peoria & E Inc 45 *90. Pere Marq 4%s '80 Pere Marq 1st 68 ‘56 Phila Co 6s '67._ Phila Elec Co 457 Phila Elec Co 4 Phila & R C&1 63'73__ Phila & R C&1 65 °49__ Philippine Ry 48 *37 PCC&St L 4%38"77C_. PCC&St L 5570 A Pitts&W Va 445" Pitts&W Va 4153760 C Port Gen El 435’60 __ Porto Rico A T 63 *42_ Postal Tel & C 63 53 __ Pressed Stl C 68 33___ Purity Bak 63 R-K-O 65’41 Reading R 4 Reading R 43597 B Rem-R 5%5s"47 A ww_. Republic Stl 435 1. Republic Stl 4% Republic SU 6% Revere Cop 4%s "5 Richfield O] 6s 44 Richfield O 6s "44 ctfs. RioG Wcol4s*49A__ R1A&L 1st 4%s"34__ Rutland Can 4s 49 St Jo Ry L T&P b: St L IM&SR&S1s'33ct StLP&NW 65°48___ St L-S Fran 48’60 A __ St L-S F 45’50 A ctfs. St L-S Fran 4%s°78__ StL-SF4%s’78ct st. D.-C, ‘Pnse& senerally uncha ol me 3434 | one “broken car on ; | market about steady. | Tettuce crates. 6 dozen. 4.50a5.00. CANT MONDAY, SEPTEMBER 21, 1936. BURGESS IS SURE st Echane OF CREDIT BRAKES Believes Other Methods Will Be Found If Present Control Fails. By the Associated Press. NEW YORK, September 21.—W. Randolph Burgess, vice president of the Federal Reserve Bank of New York, in a revision of his book on the reserve banks, published today, said whether or not the present form of credit control proves desirable, “some mechanism will be found for restraining the excessive use of credit in security speculation.” Analyzing the securities exchange act of 1934, Burgess said its provision for the restriction of credit used in|2m carrying securities were perhaps “the | A part of the law.|§ most important” This was because “excesses in the security markets have fed upon the use of credi Reserve Banks and the Money Mar- ket.” “This free use of credit has en- couraged the upward swing of prices in times of expansion, and, on the other hand, the calling of loans on which prices declme has accentuated liquidation. * * e e e ruaerve Board has drawn up regulations prescribing mar- gins for brokers’ loans to their cus- tomers, has set up an administrative office and has arranged for periodical reports to keep itself informed. “How effective this type of control is destined to be is, of course, as yet problematical. It is a form of control which is in some degree paternalistic | 1 and restrictive, but speculation in se- curities had proved itself so destruc- | g tive of economic stability in this country that some vigorous form of | w; control of this sort appeared to be necessary. “The legislation has placed upon |y the Reserve system a responsibility which is likely to prove onerous, for the system will find itself at times re- quired by circumstances to take ac tion which will directly and immed: ately influence the profits and even the solvency of considerable groups of people.” Washington Produce BUTTER—Range of prices to stores. gathered from wholesale dealers (prices lo nearby shippers based on Philadelphia and New York ~prices): One-pound prints. cartoon (92 score),” 3K 1-pound prints, te-pound prints, 's-pound prints, tubs (93 score), veal, “compound, 13: o Cial Prices paid shippers—net f0b. Wash- inston. - By the United States Bureau of Asricuitural Economics EGGS —Market steady to firm. Nearby unsraded, eggs Up o to I Current re- 5 6 Benery “white Government_graded and nma hhile R (net prices paid 1 hini U. 8. i xll’l ton): v tandards, large, mediums, 30%a; U, 33 *LIVE POULTRYMarket fully steads. ed to lrlt(lonl")’ Colorcd he:\y aly. Chlcktns hig! Taixed colors. pounds end’ up. 40a45 each; under ; 30 each: old guineas. 25a each. Receivers' offerings for = Spring turkeys, hens, 10 ounds. 24: toms, 14 Ppounds ‘and up. Vegetab ruits and les. | JSules in Tarse Jots by original receivers | 10 & a.m. 10 PCABBAGE—No carlot_arrivals: Supolies moderate no_ears Colorado arrived: track. Supplies light: demand light- market steady. California. pony crates 1.75 UCE—Two _California arrived: three broken and two unbroken cars on track. _Supplies moderate d mod- erate: market steady. Veste crates Iceberg tvpe fair quality and poorer low as 5.50 ONIONS—Ome Idaho. Michigan. condition.” 6.00 one New York. two two Washington arrived: i¥o broken and five unbroken care on track. Supplies moderate. steady. 3 X vs. U. 8. e Pennsylvania 50-pound Valencias. U 1.3 inches larger: Idaho and anhlnnon 1.50. POTATOES—One Idahg arrived: one unbroken S4r on rack. Supblies moders ate: demand moderate: market ste; J0u-poynd sacks Cobblers. "y 8. No. 2.1 Nhaa 107 Tdana, Burbanks, . S No 2583.50. WEET POTATOES.No catiot arivals: Supplies moder: et ST Roe Casoline: kets Nancy Halls and Puerto a1.00: Virginia, bushel baskets. . 8. Maryland Golden. MIXED VE( ‘Ohe Californta. one Virginia arrived: one broken and one unproken _cars on track LIMA BEANS—Supplies very light: de- mand_light: market stronger. Maryland air to ordinary quality and Mnrditin. no cars on track. i 5 B oA HEHs L a00ltes lgnt: demand | moderate: market stronger. Maryland and Pennsylvania. bushel hampers. green, round and flat types 75a1.25 CUCUMBERS —Bushel baskets, , New York, 100s1 50 ROTS-—-No carlot arrivals: no ears on'itack” Supplies ikt demand moderate: California, Western ALOUPES—One Colorado arrived: one . broken and one unbroken cars on track. Supplies moderate: demand moa- market ‘Colorado, . standard 8s and 125 1 Arizons. erate: mes 1.5 flats, 65 to 1% M‘d“s(hndlrd fats IO EAS One California _arrived: three broken cars on frack. Supplies moderate: demand, moderate. market steady. D hamoers, Telepnones 2508 steady. saimo o, 1 4i3e, ponys, —————————————————— o Hor Sor xas Corp cv bs'44.. '}":xn & Pac 6877 B_. 10434 10434 1043 Texas & Pac bs '80 D_. 10534 10534 1054 Third Ave ref 486 71 7004 70 Third Av ad in ex b 381 381§ 88M Tol & Ohlo C 3%8 '60_ 106} 1065 1063 Tri-Contl Corp 58’53 120 120 120 UnElL&P58’57.- 106 106 108 Un Ol Cal 48 *47ceemm. 115 115 115 Un Pac3%8 Tl oeeee 99% 99% Un Pac 18t 15 115 115 Un Pac 48’63 -= 10034 10034 10034 Un Pao 1st rids :ool_ 10835 108% 108% Un Pac 1st rf 65 2008_ 110 110 110 United Drug 6s '53 1023 10234 10234 U S Pipe&Fy 3% 124% 12834 1284 106% 106% 106% 103% 108% 108% 105 10434 104% 4T e StPKCSL4%s"41_. St P M&M ex 4s San A & A Pass 4s 43, Schulco 6%:8°46 B Schulco 6%s *46 B llD Seabd A L 45750 __ Seabd A L 4s *50 stp__. Seabd A L ref ¢s 59 _ Seahd A L rf 4s 59 cfs Seabd A L adj bs 43 Seabd A L 63’45 A Seabd A-F168'36 A et Sharon Stlcv 4% s '51. Shell Un deb 3%s '61.. Stlesian Am 75 ‘41 South Bell T&T Sou Pacific 3% s "46... 8o Paccol 4349 ___.. So Pac ref 48’65 ... So Pac 4%8 68 So Pac 4%8 '69.. So Pac 4%s '81._ 083 943 9414 94 9814 97% 98) 10134 10134 10134 28 27 27% 10034 10014 10034 115 11436 114% 9934 993§ 9934 Tenn EI Pw 6847 A 100 99 9974 ‘Texarkana 6%s '60... 107 107 107 Texas Corp 3% ‘51 104 103% 104 A So Ry Mem div 58 '96. Spokane Int 58’55 Stand Oil N J 3s Studebaker cv ‘Tenn Cent 63 698, 69 693 124 24 7244 94 o o 16 16 16 1083 108% 1083 106 1053 106% 9T 97} 974 343 34 3435 Ut P& L6%8 470 Vanadium cv 68 "¢1___ Sug 18t 78’42 ctfs & P 1st ref 48°56 y 18t 3% 8 '66 A. Va S W con b8 '68 Wabash 41378 __. ... 8 ctfs_. Wabash 1st 6339 Wabash 24 6839 cceee Wabash s *76 B. Wabash 65’80 D ‘Wabash 5s '80 D ctfs_. Wabasb 5%8°75 . Walker H& S 44845 Walworth ¢s 56 Warner-Quin Warren Br ¢ Wash Cent 48’48 Wash Term 3%8 "45_. Wash W P 1st s '39 . ‘West Penn P 3%s 66 W Sh 1st 4s 2061 reg-. West'n Md 1st 4‘-"61_. 100{ 100} 1004 108% 1083 1083 11034 11034 11036 1073 10734 1074 90 90 90 102} 102 102 38 374 874 374 87 87 109 109 109 10434 10435 10434 10634 10535 1064 109 1083 10834 1013 1013 101% w West'n Un 4% ‘50 Westn Uncl tr 68°38. West'n Un 68 61 .ceee West’n Un 6860 . Wheel Steel 438 53 W SpStl 1st 7835 W Sp Stl con 7s ‘36 ot Wilson & Co ¢s Wis Cent 1st gn WisC 1stgn és’49 ct_ Y'ngstn S&T 3%s 61, Y'ngsto S&T ¢s 61 10334 10835 10334 27% 27 2% 4% UK UK 13036 129 129 10314 103%4 10344 ’ - | | Stern ‘Shore. aid the author of “The | W. k & Wi Steamboat Co. —3Y, at 101 Potomac Electric 6% pfd.—1 at 110. Potomac Electric 5'2% pfd.—10 at 111, 10 at 111, 10 at 111, 10 at 111, 10 at 111. Lincoln National Bank—S5 at 205. Mergenthaler Linotype—10 at 462, 9 at 46%;. Lanstor. Monotype—10 at 86%. AFTER CALL. Washington Rwy. & Elec. pfd.—10 at 110%. Lincoln National Bank—10 at 205, 10 at 205, 10 at 205, 10 at 205, 5 at 205. Potomac Electric 512 % pfd.—10 at 111, 5 at 111. Anacostia & Potomac R. R. 55—$1,000 at 78%. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel. & Tel. 415 _ . Tel. & Tel. Col. Tr. Chevy Chase Club 5!3s. Col. Country Club 5'2s. W. M. Cold Sterage 5s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)._ Capita] Transit Co._ & W. Steamboat (i as L LA R R BANK AND TRUST COMPANY. . Sec_ & Tr. Co. (e) Bank of Bethesda (h.75) Capital (4) - Co Savi eEty () Lincoln (6.25) American _(b).. Corcoran (5" _. remen’s " (1.60 Rationa “unton ¢ 607~ TITLE INSURANCE. Columbia (.30) Real Estate (6 Carpel Corp. Lanston Monotype (4 Mergenthaler Linotyne 48 Peoples Drug St. com. (1.0 144 Peoples Drug 8. pid. « Real Est. M.&G. pf Sedurity Storage 15) Ter. & Wh. Corp. (3)__ Wdwd. & Loth. com. it1.50) Wdwd. & Loth pfd. (7). 120 2Ex-dividend. +Plus extra §50c_paid uny 15. 1936: 50c pald Au- sust 15. 1036 2'a per cent extra. 5c extra. .)t paid June 30, 1936. ver cent extra. S hoo citsea ———— Western United Gas & Electric Co. | —Preferred share earnings, six months | ended June 30, were - $3.96, against $3.90. HOME LOANS to build or FINANCIAL. OUTLOOK BRIGHT FOR DRUG SALES Active Autumn Season and Steady Prices Heip Op- timistic Views. Bgecial Dispatch to The Star. NEW YORK, September 21.—Ad- vances in the volume of sales and out- put in line with gains made by busi- ness in general, active Fall buying, and steady prices contribute to opti- mism in the drug trade as it ap- proaches its most important season, according to a survey by Dun & Brad- street, Inc. “Collections were appreciably better than at this time last year. The num- ber of commercial failures in the first eight months gives promise of reduced financial difficulties. “After a half year of business which resulted in increased output in almost all production centers, manufacturers in August prepared to meet buyers’ demands for Fall, early Winter and holiday supplies. .The advance in vol- ume over 1935 for the first seven months averaged close to 10 per cent. Fall buying by distributors ran as much as 15 per cent above that of last year and indicate that any alteration of 1936 production schedules is likely to be a forward one. “Manufacturers in only one city, covered by the special survey, reported half-year volume below 1935, when first-quarter production had been ab- normally high. On the other hand, the principal producer in another area achieved an increase in earnings of about 100 per cent for the first half- year. Between these two extremes, records of manufacturers in the re- maining cities followed more closely the moderate expansion of wholesale trade throughout the country. “Costs of bottling and packaging drug goods advanced, limiting gains in _ | earnings which otherwise might have | appeared with increased production MONEY TO LOAN ON REAL ESTATE Attractive Interest Rates Convenient Payment Plans Our Real Estate Officers Invite You to Confer refinance 3% INTEREST as low as PAYMENTS e per $1,000 COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged Easy Monthly Payments LOANS FORrR BUILDING Low Interest Repay Monthly OUR Mortgage Loan Plan makes it easies for you to build—easier to carry your property and meet your payments. We have ample funds available for large or small projects. Get thefacts. WEAVER BRO, INC REALTORS Mortzage Loan Correspondent Matreelitan Lifs Insurance Comparny WASHINGTON BUILDING DISTRICT 9486 The WASHINGTON LOAN AND TRUST COMPANY Member FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORP'N A—15 narrewing fixed overhead margins. In some instances half-year earnings were also restricted by extra charges attached to Spring sales in flood ree gions on the Eastern seaboard. Over- time in laboratories, necessity for swift delivery, and good-will prices charac- terized the emergency period. “Wholesalers’ estimates of volume of business done in the second quarter range from 5 to 25 per cent above the corresponding 1935 period. Their average estimates runs well above 10 per cent, comparing favorably with the 5 to 8 per cent gain noted in the first quarter. Reports on retail sales noting corresponding gains in- dicate that reorders should continue and wholesale inventories not ine crease. For the drug industry, which does a substantial part of the year's business in Fall months, it is especial« ly significant that sales are parallel ing the improvement in general busie ness conditions and that second quare ter turnover kept pace with, and many cases exceeded, that in the first quarter.” Sk sk ok ok NEW YORK PRODUCE. YORK. September 21 7.—Esgs NEW 14011, trregu Mixed colors i T 512838, extra b frsis’ (R8-01_scores). centralized (90 score). State, whole By freight, colored mixed with 17: fowls. colore roosters. 14: ti 13al4: chickens un- el anc: Live poultry sieady to weak broilers: R Rocks. 1 ducks, —_— STEEL QUOTATIONS. NEW YORK. September 21 (h._Steel pfices. per 100 pounds. £, o. . Pittaburgh: Tio " ahnealed “shects. hoi roned 51 salvanized black sheet. 0. 1.95. s sheets, steel bars, Money for Co.n.:!rlcfion Loans Loans on Improved Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Buceessor to the JAMES F 643 Indiana Av iness of For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia, Nearby Maryland and Virginia 5% Prompi Action B. F. SAUL Co. 925 15th Street Natl. 2160 First Mortcace Loans District of Columbia, Nearby Maryland and Virginia Homes Apartments S% Business Properties Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNE R & COMPANY INCOBPORATED MORTGAGE LOAN CORRESFONDENT 1321 Connecticut Avenue N.W. Telephone: DEcatur 3600 LOANS ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal f loan is not made. Interest charged only on unpaid balance of principal. E qurrasLe Co.oPERATIVE B UILDING ASSOCIATION 915 F STREET N.W. New York Stock Exchange Washington Stock Exchange Baltimore 15th & H Woodward Building New York We have an opening in our Stock Department for an experienced Customer’s Man Also in our Investment Department for an experienced Securities Salesman MACcKuUBIN, LecGc & Co. Established 1899 BANKERS Baltimore Stock Exchanse New York Curb Exchange (Associate) Sts. N.W,