Evening Star Newspaper, September 24, 1936, Page 21

FINANCIAL THE EVENING STAR, WASHINGTON, D , THURSDAY, SEPTEMBER 24, 1936. FINANCIAL *kkn A21 CURBLIST TAKES UNEVEN COURSE Eealizing Is Major Force, but Few Leaders Are Able to Gain. By the Associated Press. NEW YORK, Scptember 24.—Al- though sclling was a major force in the Curb market today, a few of the leaders closed higher, Gulf Oil reached a new peak at 10434, then reacted about a point to ce at a net gain of 1%. Electric Bond & Share finished at 2275, up 33; Intcrnationsl Petroleum at 35%, up 3;, and Sunshine Mining, 175, up 3s. 4 Montgomery Ward “A" closed at 147, off 3: Newmont, 86, off 2; Pitts- burgh Plate Glass, 132%;, off 1Y Sherwin-Williams, 1341, off 3;, and Wayne Pump, 3233, off 1), & T.&T. Statement |} For Big Issue Is Filed With S. E. C. By the Assoclated Press. The American Telephone & Tele- graph Co. today filed with the Secur- ities Commission a registration state- | ment for $175.000,000 of 3', per cent, | 25-year debenture bonds. Officials at the S. E. C, who an- nhounced the filing informally while preparing a public statement on fur- ther details of the action, described i~ the largest issue ever filed with the cOmmission. CURB BONDS DOMESTIC BONDS. Alabam PW 4'is Aabama Pow Alwpama Pow Amer "G s Amer P & L ¢ Am Roll Miil Askans Asso Asso G 4ass0 3 0634 | ars - £ 14'!’4 10114 Jul' iz ) e G U it Hall Wp o 14108 o 'Ruber” nl'l|' e 10475 10147 1047 a3 " "oy 10612 106 1o | 1205 12035 1203, 10014 muv 1014 10474 10 105% 105 1013410113 10134 104 104 10814 101 1112011 210303 10 fi" R7% 953, 953 9534 1 West _Penn 5s = Wes Tex U bs A York Rwy 58 FOREIGN BONDS. Ger Con Mun anov Pro 6'as tal Su Pow 6is A Pr 4s '51 ww—With warrants, xw—Without war- rants. n—New. wi—When issued. st (stp)—Stamped. 3 §Negotiability impaired by maturity. tCompanies reported in receivership. MONEY MARKET. - NEW YORK. September 24 (M.—Call money steady. 1 per cent all day: prime commercial paper, 3« per cent: time loal sieady, 60 davs-6 months. 1% per cent of red: ' bankers' acceptances unchanged: fiscount rate. N, Y. Reserve Bank, 1 Stocks and Sales— Dividend Rate. Add 00. Aero Supply (B). l Agfa Ausco .. . AlaGr'tSoually lno. Ala Pwr pt (6) 208 Allen Indys (t1).. 3 Allied Pro(A)1%.. 1 Alum’n Co of Am. 5008 Aluminum Co of Am pf ($4%).4008 Alum'n Ltd.._. .. Alum'n Ltd cu pf.100s Am Capital (B)... 1 AmCP&L B (a20c) .. Am Cynam B 60c. 24 Am & For Pw ww. 4 Am Fork & H (1). tbs | Am G&E (1.40) Am G&E pf (6) .. Am Gen Corp .. 2 Am Gen pf (234) .. 768 Am Gen C'p pf(2) 75- Am Laun Mch 60e Am L&T pf (1%). Am Mfg Co Am Maracaib Am Meter (a75c) - Am Superpower._ Am Superpower 1st pf (6) Apex Elec Mfg_ .. Ark Nat Gas . Ark Nat Gas cu pf rk Nat Gas (A).. Art Met Wks 60c.. Asso G & Elec AssoG& E (A) ... Assoc Invest 1133 100s Atl Coast Fisher.. 38 Atlas Corp ta80c). Atlas Corp war _. AtlasCpf A (3) Atlas Plywd a50c. Austin Silver . Ax-Fisher(3.20)A 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 C llOc Blue Ridge cv pf 3 Blumenthal S. . SR 1008 Borne-Sery al % -.100s Bower Roller Bearing (al%z). Bowman-Biltmore Hotels 1st pf(d) lOl Bridgep't Mach__. Brill Corp (A) H Brill Corp pf _ __100¢ British Celanes Ltd rets .- 1 Brown Co pf_ Brown Forman _ Buffalo Niagara & Estpt 1st pf(530s Burma Ltd 4 1 3 10 Cable El Prod vte. Calamba Sugar Estate (11.60) Can Indus Alco A Can Marconi Carib Syndicat | Carnation Co (1)~ | (,dl"l'itr Corp | Casco Products . (sstlen.\\n&co:mo- CatalinCorp - 11 Celluloid Corp pf. 15ts Celluloid 1st pf $4 0 Cent HG&E vie (80c) 1 Cemral Pwr & Lt 7% pf (3%3) Cen! &S W Util._ Cent States Elec .. Central States Electric 7% p? Centrifugal P 40c. 7 Cheseb'rgh (14) . 608 | Chi Flex Shaft t2 46ve | Chicago Rivet & M (135) 1 7 11 7 1 - 1000 8 15 808 Cities Service i1~ | Cities Service (B) 4| Cities Sve pt(BB) Cities Sve Pwr & Light $6 pf ___ | Cities Service | Pwr & Lt $7 pt | City Aut Stpe oe. | City & Suburban | _ Homes (30c) _ Claude Neon Lts_. Clayton & Lambert (a20c) Clev Elec Illu (2)_ Clev Tractor . Cohn & Rosenbgr. Colon Develop Co Ltd (The) | Colon Dev 67 pf Colis PEA (1%) . | Columb O11 & Ga: Com'with & S war Community PL Tetplis - Communit Wat S. Compo Shoe Mach s t c(50c). | Consol Afreraft__. Consol Copper. Consol Gas of | Balto (3.60) .. Cons Retafl St __ Cons Roval (20¢). | Contl Gas & Elec vrior pf (7) | Cont Roll & Steel | Foundry _ 150s Contl Securities _ 10s | Cooper Bessemer_ | Cooper Bess pf A | Cord Corp Corroon & R Cosden Ofl Me (d) Crane & Co - Crane Co pf (¢ Creole Pet (a25¢)._ | Crocker W heeler._. Croft Brewing __. Crowin Cent Pet__ Crown Drug a20c_ Cuban Tob vte _ Cuneo P pf (612)_200s Cusi Mex Mining_ Davenport H (1) _ | Dennison 7% pt Detrolt Gray Iron Foundry (20c) Det Pap Prod t25¢ Det Stl Prod aslc . Dictograph(alse) Doehler Die- Casting (a50c)_ Driver Harris(1)_ Dubeljer Conden: Duval Tex Sulph... Eagle Pitch L 40c East'n G&F Asso East’'n Gas & Fuel Assoc pf (6) __100s Eastn States Pwr. Eastn Sta Pw (A). Eastn Sta Pw (B). Easy Washing Mach (B) t500 Edison Bros(1.60) Eisler Elec Corp .. Elec Bond&Share. Electric Power Assoc (A) al0c. Elec Pwr & Lt optional war___. Elec Pwr & Lt 2d pf (A) - 1008 Emp G&F 6% pf . 60 | EmpG & E8% pf 1008 kmsco Derrick(1) 2 Eaquity Corp Evans Wall Lea Ex-Cello Airalje. Falstaff Brewery. Fansteel Metal .__ Ferro-Enam (al). Fidelio Brewery.. Fisk Rubber __. Fisk Rubber pf_.. 26s FlaP&Lpf __ 4508 Ford Motor Ltd (a18 1-10¢c..... 25 Ford Motor (Can) A (a76¢) Froedtert Gr conv pf (1.20 2008 5 1 1 3 3 1 0 3 1 15 i Gen Alloys Gen Firepr'f t40c. Gen Gas & Elec conv pf (B) ... 1608 Gen Out Adv pf 1008 Gen Pub Sve pf 5 108 Gen Tele ab0c £l GenTelcvpf(3). 2 Gen Tire& Rub .. 8 Glen AldenC (1). 6 Godeh’x SA aS0c.. §0s Grand Nat Films.. 16 Gray TelPS (1) ¢ 3% 145 6134 73 26% luh 120 [ 1004 100% IOD)( % 6% 833 34 19 "High. Low. Close. 3% 14 673 3 26 22% 132 120 6234 % 674 82% 3% 19 Stocks and Great Atl & Pao Tea n-v (16 3% | Greenfleld T & D... Groc Store Prod... 673 | Guif 011 (1) 78 | Gyp Lime & Al 26 bastine (Can). Halold Co (1) Hazeltine (3) Hecla Min (60c) _ Hollinger Consol Gold M Ltd té5c. Horn&Hard t1.60_ Hudson BM&S (1) Humble Ol (1) . Hygrade Food _. Hyszrade Syl (2)... MP&L6% vt .. 228 13334 120 624 674 ¥5% 3, 19 NEW YORK CURB MARKET By Private Wire Direct w The Star. | Sales— Dividend Rate. Add 00. High. Low. Close. - 808 116} 116 1 9 9 il 4 24 2 2 42 1043 10234 103% 508 40% aU% 40% | 1) Pw&Lit $6 pf.. 3508 110 10934 934 87 843 26% 2934 37 % 29% 2% U lmp O11 Ltd coupon (t50c) .. 87 | Imp Oil Ltd reg 34| (t500) 25% | Indlan Terrnory 2034 | Illum Oil (B)._. 87 | Indiana PL(140c). % | Indus Fin7% of . 3034 | Int Cgr Mch 11.80. 110 934 24 2 l M)l 1 2% | Intl Metals Inc A_ 1001 Intl Mining war.. intl Petro (t1%)- Intl Products..... Intl Util (B) .. Interstate Power (Del) pt Irving Air Ch (1). Ital Superpower deb rights Jacobs(F L)Co(1) Jersey Central P&L(T) Jonas & Naum __. Jones &Laugh Stl. Ken-Rad T&L(A). Kingst'n Pralvc.. Kirby Pet (20¢) _ Knott Corp (20c) - Kreuger Brew (1). Lake Shore M (4). 9435 86 PACIFIC LIGHTING ANNOUNGES EXTRA Fayment of 30 Cents a Share Ordered in Addition to Regular Dividend. By the Associated Press. NEW YORK, September 24.—Direc- tors of Pacific Lighting Corp. declared an extra dividend of 30 cents and a regular quarterly of 60 cents on the common, both payable November 16 to stock of Record October 20. Art Metal. Directors of Art Metal Construction Co. declared a common dividend of 35 cents, payable October 1 to stock of record September 19. Dividends of 25 cents were paid previously by the company, which makes metal office interiors and equipment at James- town, N. Y. Hibbard, Spencer, Directors of Hibbard, Spencer, Bartlett & Co., hardware wholesalers located at Chicago, declared an extra dividend of 30 cents on the capital stock, payable October 30 to stock of secord October 23. Regular monthly dividends of 10 cents also were au- thorized, payable October 30, Novem- ber 27 and December 24, to stock of record October 23, November 20 and 34 | December 17, respectively. - 17008 18% 138 108 5 Lakey Fy & Mach. Lehigh C&N(30e). Lion Oil R (a30¢). Lit Brothers Lockheed Atrcraft Lone-Star Gas 40c Long Island Lizght Long Island Light PEB(6)___ La Land (40¢) ... McCord Rad (B).. Mangel Stores pf_ Marion Steam Sh. Massey Harris __. Master Elec (60¢) Memphis N G a20a Merch&Mfr A alic Merritt Chap & S.. MerittChap & S DECAY S Metro Edis pf (fi) Mich Bumper C'p. Michigan Sugar _ Michigan Sugar pf Middle States Petrol vte (A).. Middle States Petro} vte (B)_ Midvale Co (a2)_..i00s Mining Co (Can)_ 1 Minn Min&Mf(11)200s | Miss Riv P pf(6)._ 4208 [ MockJud V(1)n_ 1 Mohawk Hudson | 1stof(4) _ | Mohawk H 24 pf | Molybdenum Corp Mont Ward A (7). Moore Bist (t50c) | Mueller Brass 80c Nat Auto Fib(t1). Nat Bella Hess __ t Bd & Sh (1) t Container (2). t Fuel Gas (1) Nat Investors____ Nat Rubber Mach. by Service _..._ Nat Sugar NJ (2) Nat Transit (75c). Nehi Corp - Neptune Met (A)_ New Brad O alle. N J Zinc (12) - Newm't Min 1% N Y Pw&Lt pf ne).lun HYSteamn .- N Y Water Sve pf Niag Hud Pwr __ Niagara Hudson Pwr (A) war __ Niagara Hudson Pwr (B) war __ Niag Sh MdB a10c | Nipissing a50c) Noma Elec (a40c) North AmL&P pf Nor Cent Tex bilc North'n Europ Ofl Nor States Pwr A. N W Eng (a25e)_ Novadel Ag (2)_.. 1 Ohio Edis pf (6) . 1508 Ohito Oil cu pf (6) 1 Ohio Pwr pf (6).. 20s Okla Nat Gas pf_. 100s Oldetyme Distil _ Outboard Mot (A) Outboard Mot (B) Overseas S (a50¢) Pacific Eastern... PacificG & E 1st of (1) _ el x”fi 61)4 285 163 9% 8l 108} 106 2l 24 12% 12% 1% 1% 20 194 6 bi% 2% 108 2% 125 7»- z 184 | 1 6 2 3 508 1 20 2 2 1| | 105 | 4 1434 19% o | Pan-Am Afr (1) Pantepec Oil o Pennroad (b20c) .. Penn P& L (1) Penna Salt (4)__ . Pepperell Mfg (6) 508 Perfect Circle (2) 200s Phila Elec pf (5)_. 25s Phillips Packing.. Phoenix Secur ___ Pie Bakeries f60c. Pierce Gov (al5c) Pines Wint'rft(n) Pioneer Gold Mines Ltd (80c) .. __ Pitney Bowes 40c. Pittsb’gh Forging Pitts & L E 1234 810 Pittsb’gh P G(t2). Pleas Val Wine _. Plough Inc (1.20). Potrero Sugar __ Powdrl & Alx 60c_ Premier Gold t12¢ Pressed Met 1% _. Producers Royal_ Prosperity Co (B) Prudential Invest Pub Svs Ind pf 1608 Pub Svs [nd pr of 1208 Public Sve Okla prior lien (6)-- 108 Puget Sound P& Lpf (5)__ Puget Sound Pwr & Lt $6 ot 7508 Pyrene Mfg (80c). 1 Quaker Oats (t4)_ 20s Rainbow Lum (B) Red Bank _._. __ Reynolds Invest_. Rice Stix DG b30e Richfield Oil of Calif pf (). Ricnm’d Radiator. Rossia Intl Corp-. Root Pet'm(a26c). Russek 5th Av(1). EIT) % 1% 2% 24 10134 10134 10134 4410 104 95 9% 9% 223 210 21% 5035 60 5034 ooy ey 65 6% 6l 2% 234 23 39% 8875 88% 138" 138 237 28% 20y 14 1134 11% % % % 24 « ®a mower 2 4 10 108 % 2 . 10 108 % 15 63 10 15 63 AT ONNO e N 16y 9% 36 23 30 634 2258 31 i, St Regis Paper pf 50s Salt Creek P(80c) Savov Ol Schiff(The)Co (3) 2 Scoville Mfg a1.501508 Scranton Springs B Water pf. Segal Lock & H... Seiberling Rubber 2 Selected Indus 3 Seversky Aireraft 21 Shattuck Den Min 4 Sherwin-Will (4) 350e Smith-Corona Type Vv.t.c. ext (a2sc). Sonotone C(allc). So Penn Ofl(t134) Southn Calif E4 of (C) (1%) ... Southl'd Roy 40e.. Spencer Chain Stores (60¢c) ._ Square D pf A 2.20100s Stand Brewing .. 1 Stand Inv cum pf 200s Stand Ofl Ky 1.40. 8 Stand Oil Neb .__ Stand Of) O az2be 5 Stan Oil Ohio pf § 1758 Stand Pwr&Lt . 11 Stand P& L (B) Stand Prod (a25c) Stand Sil&Ld a2c. Sterchi Bros .cee.. Sterchi Bros 18t pf (3)een, - 200 1008 3 14% 164 3 3% 203§ 2 6 4 12 2814 36% 1093 108% 112 304 1 17% 175 63 LY 51 10014 3 1 CH & 14 68 2% 2335 15 15 10034 3634 10914 1083 1113 303 6% 17 15 34 } Laclede Gas ke Erie Nunn-Bush Shoe. Directors of Nunn-Bush Shoe Co. declared a dividend of 75 cents, pay- able November 2 to stock of record October 15. This compares with a payment of 25 cents June 30, last. The company manufactures and whole- sales shoes and has headquarters at Milwaukee. McLellan Stores Co. Directors of McLellan Stores Co. de- clared an initial common dividehd of 20 cents and a regular quarterly of $1.50 on the preferred, both payable November 1 to stock of record October 10. The company operates a chain of variety stores in Middle Western, Southern New England and Central States and has headquarters at New York City. Kalamazoo Stove. Directors of Kalamazoo Stove Co. declared an extra dividend of 25 cents and a regular quarterly of 25 cents ou the capital stock, both payable Novem- ber 1 to stock of record October 20. A letter to stockholders said if earnings hold up to expectations directors ex- pect to declare an additional dividend this year because of the Federal surtax on undistributed earnings. The com- pany makes stoves and furnaces and is located at Kalamazoo, Mich. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co Amer Tel & Tel 5028 1043 Atlantic Refining Co_5s 1 Sauf Packing Corp Bs 130 &aro Clingh & on 1 Gr Rapids & Ipd 4‘:: 1631 Houston Oil 5 Internar T 2532353 ¥3sS323 FEEE » ©3o03 Rio Grande Wester 1930° South Pac R R of Ca “g 19: Vanadium Corp 55 1941 __ Wabash Rwy Co 39. Warner Brog 65 1 Western Un-on Tel NEW YORK SUGAR. NEW_ YORK. September 4 . (#.—Raw fugar was steady and ‘unchanged early 3.40 for spols. No sales were TepoTted: but there “Bas a fusther buying interest ‘at this level while offerings were Lighter ‘and generally held at Futures opened = to 4 points highe showed additional gains later on Incr covering and rebuying by some of the recent sellers as well &s through eommis: sion houses. November sold, up from 2 53 to 2,55 ang January from 248 butaround thess Jovels there was increased offerings snd hedge selling ‘and Dartial reaction followed . At midday the market was ruling about 4 to 5 points et higher fned was unchansed at 4.75 for fine granulated. with trading confined = to Vithdrawais against old contracts. Union Pacific R. R.—August net railway operating income was $2,481 - 578, against $2,502,166; in eight months net railway operating income was $9,642,953, against $7,421,534. —_— Stocks sna Sales— Dividend Rate. Add 00. lllh. Low. Close. Sterling Br (a45c) 2 GRS Sterling Inc(asc) 2 m 3 Stetson (J B) . 100s 213§ Stroock&Co all;_. 1508 283§ Stutz Motor 3 Sullivan Mach! Sunray Oil (asc) . Sunshine Min (2). Swan Finch 1 Swiss-Am Elec pf 100s Swiss Oil (40c) 11 Taggart Corp. ... 11 Tasteyeast(Del)A 16 Taylor Dist (bic). 6 Technicolor Inc__. 10 Tech Hughes t40c 3 ‘Tenn Products .. 1 Texas Gulf Prod.. 23 Texon Oil & L 60c 1 Thew Shovel Coal 1768 Tilo Roof (150c)_. Tob Prod Ex (1) _ Trans-Lux Daylite Pic Sn (20¢) . Tri-Contl C war Tubize Chatillion. Tung-Sol Lamp n. Tung Sol Lamp pf (80c) new._. Twin Coach (40c). Unexcelled Mfg.__. Unit Corp war.... Unit Gas Corp-... Unit GasC war__. Unit pL(31%) Unit Lt & Pw (A). Unit Lt & Pw pf__ Unit Prf Sh pf (1) Unit Shoe M 1235 _ Unit Shoe Mach Pf(1%) ____. U S Foil(B) (60e) - U S Intl 1st Dt WW(32)._ US Linespf_____. Unit Stores vte___ Unit Verde Ex (1) Unit Wall Paper.. Utah P& L pt (32.91 2-3¢) Utilities Pwr & Lt Util Pwr&Lt (B)._ Util Pwr & Lt pt. Utility Equiti 2 Utility Eq pf(33)100s 83 Util & Ind (new)_. 1 Venezuela Petrol.. 1 Waco Aireraft._. Waitt & Bond A__. | Walker Mining. Wayne Pump._. Went'w'h Mf 1.20. Western Tablet & Stat'ry vte (1) Williams O11-0- Matic (a25c) ... Wil-low Cafeteria Wil-low Cafe pt._ Woodley Pet(40c) Wright Harg t40c Youngstown Steel Door (azée) ... Yuknn uold (l!c) 19 43 1 7 2 9 1 1 2 1 1 1 3 1 16 Department Store Sales in the United States as Reported by the Federal Reserve Board W B N BW BB VB D TEXTILE ACTIVITY BEST SINCE 1929 Index Based on Consumption of Raw Materials Climbs Sharply. Brectal Dispatch to The Star. NEW YORK, September 24.—Tex- tile mill activity during the first seven months of 1936 was at a rate higher than that for the corresponding pe- riod of any year since 1929, accord- ing to Textile World’s index, based on consumption of raw material. It was 15 per cent above the first seven months of 1935, and 121; per cent over Textile World's assumed “normal,” or the eight-year average (1924-1931) for the corresponding pe- riod. The gain is due to cotton and rayon, the use of each having in- creased nearly 25 per cent over last year, while both wool and silk de- clined. The current situation in textiles is one of the most encouraging that has existed in years. It seems to be based on a more permanent foundation than was the improvement which started in August last year. It is characterized by an undertone of con- fidence which means a lot. At pres- ent, in most branches of the tex- tile industry, there is progress in both volume and profit possibilities. Slight change in the price struc- ture took place between July and Au- gust and the only real shift in Tex- tile World's price index numbers was the drop in raw cotton from 48 to 45. The recent upturn in cotton will, of course, be reflected in the Sep- tember index. INVESTING COMPANIES ORK. September 24 (P —New York secuniy Belen™ Astaciation. (Noon quotations.) Admin J¢ °nd Ine 3233 19w b | RESe 1 PR BB 9P D 2ivaisaa s B DA DRI bt 1 314197 23 weB jyB: »B3ER Shm Group Tob Huron Holding Incorp “Investors Tavestors. Investors Gl S SAaBie3 % fha gt 8o 235438 pervised Trustee Stand Inv Trustee Stand Inv B Teusteed Ipdysuzy Bhu Hasesq Welllseton® Fund e FEDERAL LAND BANKS NEW_YORK, lewumbcr 24 (A).—Fed- eral Land Bank (Noon qnotmonn B2 DA P AN 4‘4: Nov., 4las May, ESERERRRES PSSO 2223528383 I i btk 835555538 FSFEESE FOREIGN MARKETS. 8 INDON. = September 24 (# —Stock closed steadier after early weak- | Di: w'ien scattered support entere th( Biike] felonihe (1 e in the industrial group. es- steel and Mhluo lll\lel‘ and the an! dlvlllofll dlll ucurmu Te- 'a tht &‘kk over-sub- unty Council 00 Afxicty prevailed in the Bourse m-y uneunln \Be continustion of tne ma.k 5" rhBies .5". heaviness. “white le Bicss."" sl e, S Dt NEW YORK PRODUCE. NEW YORK, September 24 (P Butter, 14,448 Armer’ T than seoten xtra (82 ). 34 B e 5 s faat ] state, whole ; mixed ecolors, col nged. By lnllht Xu'll. o poults B Vot triene SHes ua Li colored 20‘23. changed. SPEAKERS ANNOUNCED. NEW YORK, September 24 (#)— The Savings Bank Association of the State of New York announced Celotex Submits Exchange Offer To Bondholders By the Associated Press. NEW YORK, September 24.—Celo- tex Corp. today submitted to holders of its $821,500 outstanding 6': per cent first mortgage bonds and $1,.- 707,000 6 per cent income deben- tures an exchange plan for a new issue of $4,000,000 of 15-year deben- tures convertible into common stock at the rate of 2 shares for each $100 principal amount of debentures. _ ‘The plan is designed to remove obstructive features of present capi- reorganizatian. The company makes and sells building insulation mate- rials, DIVIDENDS ANNOUNCED declared (prepared by the Standard Sia- tistics Corp.): Increased. riod. record. Art Metal Construc Investors Pund C. Kendall Refinin; -1 Nunn-Bush Shoe_ -2 10115 11-2 tra. Pacific Lighting 30¢ Accumulated. NH cmk %% b18: Lit Bros = -10-20 11-16 10-1 Amparo Mng Gen Mill Havernil *Gas L ous Nat Gs 7, of Eans P&L 750 Bt s P&L 6 Eerhon iy’ & Msnischewit s 1 0 & ol ere e 3 16018 0000 O smun E e %, D $1.75 Southiand Rovalty___i0c % 3 Stegl Co of Can ord. LS ' | ting Nlnolul 4 Txknlle Tel & Tel ° i West” Coast Oil nf NEW YORK BANK STOCKS NEW YORK. September 24 (#.—New York Security Dealers’ Association: (Quotations as of 2 o'clock.) Bonk of Man Bankers' 3 B 0D 0OOOD O POOOOD B l'z\ - Pirst Natl_(100) Guaranty Tr Irving Tr (.60) it Manufacturers, Tr (127 Manufacturers' Tr of ( Neul gty 11} Tru: Bubite. (1) Title G & T a-—Including ext CHICAGO PRODUCE. CAGO, September 24 (2. It %8 Poultry, CHI Yye 1 car. ucks: about steady: hens. k. 157! e Rock, 18 pose: less than 4 ‘pounds. Plymnulh Lesg- 14: Trooster: Leghor ters, 13 turkeys 16810 Gl ducke 41 pounds up, 14: Zouns whiie ks, 4 colo! it v lm-ll ety 14 Al wuie 12%: young, Butter. firs 90 ttalied Seady. prices 4: on track. 29 shipmente 685: Cwean pec stock: ~ supplies _liber: Sacke hundred'e(lh i No. 00 llll. 8 613 N Wisconsin Minnesota PARIS BANK CHANGES. ARIS, September % (®.—The Bank of Pnnu statement fo: September 18 (in mmlofi."o’r (;'.'x?:sf."d'd EIGYVI; b.!..-fl d 84 8. Advances on_treasury bills, 780, decrene §55. Temporary, advances cri t to ‘en nts, . ‘Phiriy-day advances agains: vernment securities, 675: decrease. 144. te of discount, 3 per cent on September peRate ralsed to 5 ver cent on Sep- U. . TREASURY POSITION. By the Associated Press. The position of the Treasury on Sen- taegés'a' su.u?&'&)u 93: bala; s3- Custems. receipts. for Lh'n uud 729.11. Be oot b i PHILADELPHIA PBODUCE u.’.".‘éfi;';,"‘ft“fi R Tane uncy. 23 mixed e als: R emmn.. uncy 20823 nmm-n il 310 rlnl chickens, “mixed 18al ‘White Leghorn broilers, Fowls, | Jreshokilied Bx-u:a ““nrisnza o Western in poxes. tions. RUBBER FUTURES. L Pe- Sik. of P.{; | oe 0 3 VB UB B P CHICAGO GRAIN By the Associated Press. CHICAGO, September 24. — More than 2 cents a bushel late rise to all- around new record top prices for the trading today. It was generally believed liberal export takings of Canadian wheat were in progress. Hopes prevailed also that the end was in sight for the strike situation, which has crip- pled flour milling business of late at Minneapolis. tal structure resulting from recent | Dec NEW YORK. September 24 —Dividends | Sept Chicago Cash Market. Cash wheat, No. 1, red, 1.20a1.20! | No. 2, red, 1191 No. 2, mixed, 1.20’ orn, lake billing, 1.13; No. 2, yellow, vellow, 1.11% 1.12%:; No. 3, No. 4. yellow, yellow, 1.10a1.11; No. 2, 1, vellow, 1.131;a1.14? 1.12%al.14!2; No. 3, yellow, 1.10a1.11; grade, 1.0712al.17, latter white; oats, proportios No. 2, white, 4512a47; No. 3, white, 4415a47%; soy beans, spot, 1.16a1.19; October and November, 116al.16%;; | | barley, 1.47a149; feed, 72a85, nom.: 5.75a6.00 hundredweight; 5.75 hundredweight; clover seed, 14.00; 21.00 hundredweight. ‘Wheat closed strong, 17:a2'% above yesterday's finish Sep!ember 1.18%a7%;; December, 1.17alg; corn, “sa3!, advanced; September, 1.13al,; December, 8514a%: oats, 3salz { cents higher. Baltimore Quotations. 24 (P —Wheat, N Winter. garlicky, "spot. domestic 1.1872; September. Liverpool Wheat Prices. LIVERPOOL. September 24 (P.—Whea futures closed firm 1 I 1.16% 1157 116’; i “Exchange, 5.06¢ ex Prices ‘WINI G Sem mber nr{:efil;rmclnll markets fodas: Low. Close. close. Livh 1 Il‘z-’n 108+ Forty Years ass of Experience B. First Mortgage Investments season distinguished Chicago wheat white, 1.22; Illinois, proportional, No. 2, mixed, 1.23; No. 5, mixed, 1.11; No. 2; No. 2, yellow, 1.12%5; No. 4, yellow, 1.11a1.12; No. 5, yellow, No. 2, white, 1.23; sample malting. 1.20a1.49, nom.; timothy seed, new, 5.00a | cents | up. and provisions unchanged to 17 . P —Grain M ORTGAGE ééozf Zezm CONSTRUCTION LOANS in District of Columbia or nearby Maryland FRENCH SITUATION WATCHED CLOSELY Wall Street Does Not Ex- pect Important Effect if Franc Is Cut. By the Assoctated Press. NEW YORK, September 24.—Wall Street watched the French financial situation closely today, but wich the general belief that devaluation of the franc or institution of a gold em- bargo would have little, or brief, repercussion here. For more than a year banking and stock exchange circles here, almost without exception, have regarded some sort of French control action as inevitable, and since August 7, when the last outward gold movement from the Bank of France began, such ace tion was believed imminent. ‘Thus New York has been set for an announcement. Some even ex- pressed the belief it might come this week end, with markets closed and enough time available before their reopening for any flurries of uncere tainty to settle down. Expected to Be Brief. Effect on the markets, it was be- | lieved, would be small, and would not ; be felt for more than a day or s0, 8t most. Opinion was divided as to what step—an embargo on gold exporis or outright devaluation within certain limits—might be taken. It was pointed out the immediate cause of the present crisis was the recent heavy flow of gold from the Bank of France to London and New York. The total engaged for New York alone since August 7 reached $134.- 600,000 yesterday when an additional $3,357,000 was earmarked for American account. ‘The immediate drain might be stopped by an embargo on gold exports, putting France more or less on the same basis as Germany and Italy, both | theoretically on the gold standard, but | both unable to ship gold for payments except under government license, Price Differences Cited. But the flow of gold is only one of the reasons cited by French devalu- ationists in their campaign to lower the franc's value. Since Great Britain led the parade from the gold standard in 1931, followed two years later by the United States, they argue French internal prices have been at too wide a variance with world prices and | Prance has lost world markets because of the competition of realigned “cheaper” currencies. The devaluationists have conse« No. 2, mixed, 97; No. 1, yellow, 1.121,a ; quently urged that instead of what | they regard as half measures, such as 1.101;a |& gold export embargo, or shipping | restrictions, the patient undergo & | major operation and the gold frane be set at a definite figure, or within certain limits, after agreement with London and Washington to avoid & currency depreciation race. lake billing, No. 3, white, 45; Ii noxs‘{EXCHANGE TO ADVERTISE 1, No. 1, white, 461:a473;; | INFORMATION BOOKLET By the Associated Press. | NEW YORK, September 23.—The Committee on Public Relations of the New York Stock Exchange has pree pared for free distribution to those applying a booklet describing the facile | ities and purposes of the exchange. | As a means of insuring as wide & | circulation of the booklet as possible, ! | the exchange will advertise in some 350 ' | newspapers throughout the country. This is the first time in its 144 years | of existence that the institution has advertised itself in this manner. 'BLACK & DECKER CALLS MEETING OCTOBER 14 t | By the Associated Press. NEW YORK, September 24.—Black s | & Decker Manufacturing Co., makers ‘o{ portable electric tools, has called a meeting of stockholders for October 14 to vote on an increase in author- ized common stock from 330,000 | shares to 400,000 shares. i e American Box Board Co.—Declared a dividend of 20 cents and extra of 5 | cents on common stock, payable Dee cember 7; on June 30, 1936, company paid initial dividend of 20 cents a share on common stock. TWO ADVANTAGES are offered investors in our FIRST MORTGAGES 1. Fixed interest. 2. Amply secured principal. why they have considera- tion of discriminating investors. F. SAUL CO. REAL ESTATE National 2100 925 15th St. N.W. L O ANS SIX MONTHS TO ONE YEAR INTEREST COMMISSION 1% 5:% Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or five years, without curtails; interest semi-annually. H. L. RusT CoMPANY 1001 FIFTEENTH STREET NATIONAL 8100