Evening Star Newspaper, September 25, 1936, Page 17

INANCIAL - CORPORATE BONDS TURN DOWNWARD “zzz5: Prices Ofl.Fractions to .Point or More, With Junior Rails in.Lead. Bond Averages Net change -g's iy b el Today, close 96.6103.2102.5 Previous day 97.1 103.4 103.7 Month ago.. 94.6103.4 102.5 Year ago._. 830 99.6 978 1936 high. 97.1104.1 1029 1936 JoW.... 365 100L8 903 1035 high... 87.81023 99.8 1035 10W.... 764 923 845 1032 10W.... 458 40.0 64.6 4 1928 high....101.1 98.9.102.9 100.5 10 Low-Yield Bonds. Close ... 112.7 Prev. day- 1128 Month ago 112.2 Year ago. 100.9 1936 high. 112.8 1936 low.. 1102 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1933 low.. 888 (Combiled by the Associated Press.) By the Associated Press. NEW YORK, September 25.—Prices ‘were fractionally to & point or so lower in the bond market today as support of speculative rail loans was with- drawn. Virtually all. sections of the market declined. United States Governments dropped off 1-33 to 9-32, while pres- sure on French stamped 7s influenced the foreign list adversely. Missouri Pacific 58 were off a major fraction and St. Paul 5s, 1975, lost more than a point. Allegheny 5s, * 1949, reacted more than %, as did ' Baltimore & Ohio 4);s. Many indus- trials suffered con'e!pondinz setbacks. | Australia Holders Approve Remmglon Arms By the Associated Press. WILMINGTON, Del, September 25.—A special meeting of the stock- holders of the Remington Arms Co., Inc., today approved a plan of capi- tal reormlznuon The plan will create 38141 shll'!l of preferred stock, 6 per cent cumula- tive, $100 par value, for the purpose of exchanging a share of same and 10 shares of common stock for each share of first preferred stock, 7 per cent cumulative, series “A” outstand- ing, eliminate the authorized issue of 200,000 shares of first preferred, 7 per cent stock and increase the au- thoriged common stock from 3,400,000 shares to 7,600,000 shares. CHICAGO PRODUCE. September 25 (P —Poult CHICAGO. live, 2 cars, irregular; hens. 4% Piy ‘Whi calored. 15: bareback chickens. 13:' Lei horn chickens. 13%: roosters. 11; Lég] roosters, 13; turkeys, 9: nlddgu:ks, 4 pounds”up,” 1¢:" young” white, gucka’’ 4% i o lnull colored, 115 016 llr g{eld! prices unthllnd eady. Prices un( 7i; on track, 7l: wul vnl!&fl Sutu shipments. 631; Northern stock about steady. Western stock ahlhtly Feaker: cupplies iather libers ked m; ‘trom 'cuts and end& 1.80 hmmn Russet Burbanks, u-udly ,L"é' 2.50; falr \um llm Colorado~ McClures, ‘* ’ 1.91 3 showing lmml‘urlty. l’lda Brown Beauties, U. 8 .00; Nebraske Bliss lpfnd partly sraded, 1 to_ordinary. ; North Dakots Conblers. . and partly =~ ded. 1.5081. 7B; Bhu Tri- umphs, U and -m mcmnn obbiers: BOSTON WOOL MARKET. BOSTON, september 25 (» (United Btates Department of = Agriculture).— Wool prices, were firm in_the Boston mar- ~'despite -a tendency for demand ine mmory wool of average to good ?lenfll comhm lengths was sold in origi- bags at BSas6 cents scoured basis -hfle glines of good Prench gombing and staple enths Swose | APy eld at 87a88 cents. Graded staple engtn’ one-halt “blood territory brought 86a88 cents. = Prices were strong on & moderate turnover of medium ter- pitory woola, which moved 8t 78s81 cents ing three-eight and 7ls ¥ cents tor one—xuurm lood. U. 8. nusuny POSITION. By the Associated Press. Tne position of the Treasury on Sep- tember 1; ex- nflmlm Sflfl 9 5 !9 : balance. $2. 97187 Tecelpts for ‘the 1 year (since July REICHSBANK STATEKEHT. . Bep! umbfl' 35 (). Corrency: Teserve.” Bi0S: xchal ‘and cheques, 4 .- hel bIUl of e r-h 05! A Ote:nr il Toreign. curr to_notes. .7 per cent. Rate of discount, 4 Per cent, METAL MARKET. tember 25 (7. .m"ef"e:mmn?.?".fi'& and lunufl 5 5. 454 i 0 ~ab aod !A 5. spot, uis. 445, spot and future. ntimony. quicksilver. ite unc] ! MONTREAL SILVER. [ONTREAL. Nr 25 40 . —8i] TR S S L tember. _44.50b; ;ll.ll‘ch.lim b"—lfl. i um-q-u-a-m Efl-m unmm $3,680,000 -1540,000, mu-u.__. 18,040,600 TREASURY, S Olose. - Y LTIy nu'a 1041 1009 IXRI0EE T s soms o8 10182 10L16 10118 3018 . 100.30 101.1 1089 108.4° 108.4 . 1093 1093 1092 1095 1005 1095 143 14 14 4% n-3%81943-¢5 108.18 10816 108,17 4348 194753 11830 118.28 11838 FEDERAL FARM MORTGAGE. uu 1942-4T_. 10226 102.26 10236 1. .. 1048 1048 1048 ns 1984 104.39 10498 10438 HOME OWNERS' LOAN. 335104244 10135 101.34 10184 3% 193540 10184 10121 10128 3871953 10816 103,10 103.11 FOREIGN BONDS. mun. fow. Closs. Abitibi PakPw 63’68 61 . 60 60}f Agr Mtg Bk Col 68 47 Febreouponon. 20 20 20 Agr Mtg Bk Col 65 48 April couponon. 20- 19 19% ) 7 1 N % M 84 ’ £l Ed w 3%s1 3% 194143 Mar. THE 194341 — 9T 98} 96}4 10134 10134 10134 101 1003 101 10034 1003 103" 10034 10034 1004 %4 | Camag 78 *42 oty Australia 4348 ‘56— 110 10 110 1083 1085 108% 108 106 108 107941075 10734 11434 1143 11434 0634 Berlin 6s 58 Buun 3 unmat coupon on.... Buenos Alres Buenos A 4148 °76 Aug Bued A 4%8-4%875.. Buenos A 6s '61 st Pv_ BuenosACE% s'61stPv 8 7 % 10035 100 100 103 10234 102} emmmemee 11086 1104 11036 115% 1148 114% 10835 10835 10634 . 203 20 2y - 169 163 168 GerCBkA6s‘38 ... 's, | Ger C Bk A 68 60 July Ger C Ag Bk 64'60 Oct. 0. | Ger Gov 6% 3 ‘65 st. . Ger Gov 58 °65 un st i | Ger Rep 7549 stpd . 3 49 Karstadt 6s 43 ct ltp. Lombard Eleo 78 53 Sept coupon off .. 163§ Montecatini 78 '37.... 9 Montevideo 6s’ Montevideo Paris Orl Ry 534868, 11135 100 111 Pernambuco 78 *47 Sept coupon off e, 16 16 York. East 8t Toc, guil o8 Lou r? 4.85. Iron, aluminum, latinum and wol- Blo l- Jan 6%s 83 Aug ¢oupon off..... 18 Riode Jan 85 46 April couponoft_... 18} Rio Gr do llu 68’68 - June coupon m:flrll'ldn ll!! X0 pril coupon off ... 27 Rome6%s's3....__.. 72 Sao Paulo C 6348 57 May coupon off ... 820 Paulo C 8s 53 | BCR& N 55’34 reg__ '1‘ . STOCK s e o Th.._. uné 110 1104 Paper6s i, 8. a7 & BeniT oth o o % 0634 10834 EFI"EEIII' 2 55 ’m 1185 1168 " 111 310361108 ‘33. 289 22 22 30 288 f i z s.... 0000 E- WOWEWHRHEW b 55000 £ lntR!ofGAl'fil"‘l. 5 %8 ‘30 eun EXCHANGE §§ H» Int TAT ov ¢ mgvrm--u... § £ n--’bcu'l‘;s— CF.8aM 4836 ‘x::cnul;t.mm yogs f=§==§s;z LA B B s e 1l .. H . &3 A H ssggggsss:ssss cerer rERe® 025 10834 103} 1083 |* 82 82 82 95 95 95 y 1)2%4 1123 11234 Bklyn Un Gas §s 'l‘l B 1 109 109 BufGE4%s'81B___ 100 109 109 Buff R&P con 438 '67. 91} - 90% 91 28 28 23 BCR& N b8 34 ct 27 27 Bush Termeconbs’656 70 68% Bush Term Bldg 6860 55% 65 Calif Packing 68°40... 104 104 104 163 16} 15% 11855 11835 1183 121 121 121 121 2 Can‘dian N 68°69 July. Can’dian N R §s'69 Oct Can'dian NR 68°70._. 1063 10634 106X 116% 116} 11616 oy 91K ¥ M 1K 17% 174 173 17% 178 17% 104% mu xom 92% 92% rg 88 u 88 1108 1108 1105 10155 101 10134 9334 9334 931§ 1063 10b}§ 108% Cent of Ga 1st 6545 Centof Ga63'69C ... Champ P& F ¢%s ’50 | Clev Un Ter 63372 A 193 |l P&S W ref 55 "85 10034 | Eriecv4as 53 A e, 186% 136 135 154 162) 158 10034 100 100 12634 125 125 114% 11436 1143 11634 11634 11634 1083 1083 10835 112 112} 11233 25 23 2K Chesap Qcvés 44 Chesap Corp b8 ‘47 Ches & 03%s°96 D___ C& O gen 4%8 9. Chi B & Qgen ¢8°58__ Chi B& Qrefés - Chi B&Q | div 3358 %49 Chi B&Q ) div'4s Chl & E I 68 '5Y. Chi & E'1) 68 °61 ctfs. 220 225 224 ChiGL&CH8"T. ... mn 10334 mm Chi Grt West ¢5°59... , 4% 4 Chlltl.llnll‘.( o 3. 1% | New Or GNR 63 '83 A CHES(P Ill l'fil 'l’ C CM&StP 4%8 89 E.-. %862 ... %852 etf. 98999008000999 LEEEEEEE LT A LY ] 10835 10834 1083 11134 11134 11134 8514 854 858 37 81 W 10736 107 107 1093 1093 10934 10335 10374 108% 973 963 - 96% 1083 1033 1033 0 10235 1028 102 101 101 - 101 10434 ‘10835 10434 10834 10834 1083 11024 1103 110% ColoFuel & Ir6s'70__ 86 8335 8§ Colo& So4%s'80 ___. 78 16% 7T% Columbia G & E ded 101 101 5852 April._ 1043 10434 10434 {+] g a 2 Cbi Un Sta' ¢ Childs & Co CCC&St L ref bs 63 D CCC&StL StLdv 4 CCC&StLCW&M Clev Un Tel 438*17. Clev Un Term 68°73 B 101 Minn & 8* ¢ 68’34 ctfa Minn&SL6s'62A... MStP&SSM cn s ‘38, MStP&SSMcn 68°38_. 34 MStP&SSM bs '35 gtd. MStP&SSM 5% :::.- 6362 A e MOK & T 2d) §8°67.. Mo Pac ¢8°76 ... MO P2c68°65 Aceeeee 42 Mo Pac 6877 Pecaeea. Mo Pac68°78 G.caeax Mo Pacific L, 80 3.5_ Mo Pacbs’S Mo Pacific 634849 A.. Mob & Ohfo ¢%8°77 Mob & Ohlo 6s°38____. Mohawk &M 4891 -2 94 Mont Power 68 ‘62 A_. Mont Tram 68 " Morris & Essex 43%°56. Mor & Essex Mutual Tel & 9835 981 984 11034 11034 11036 Nassau Elec 48’51 g1d 68 Nat Dairy 3%s ') ww NatR M 438657 asst. Nat Steel 48 New E T&T 1at §i 12834 12534 12834 NewOrl1 PSOs'52 A New Orl PS 68’66 B - t con = it rf 438 3013, 4%4892013n__ t rf 682013 9% it evs: ll"!( 184 ll”fi 24 'l)i ”K % mn mn mu 4 N'CE EBcosase g 1025 102% 102%¢ 10436 10474 104% l::u 1183 1183 cogp ZZR2ZZZZEZZ 2 M g 2227727 FEEERER RS (222 33 1] NY Putnam 4s‘93____ NY Rys inc 6s ‘65 NY Steam 1st 6s NY S&W 1strt - l:% 4815 48y - 1083 lflfl( 37 8 ;}; ’?'&Iw gen ‘5‘- 40 lfl( ”‘ ”% ‘el gen 434839 ll uo llO NY Tr Rk 68 *46 stp.... l:;‘i ll‘): llg NYW&B4Y%s"e 14 13% 183 Niag Falls Pw l!fil". 10634 10634 10814 Columbia G & E n"" 104% 10434 104% 52 52 82 10834 1083 1063 10834 106§ 10634 1063 106 106 10534 1088 108% 1083 1083 10835 1043 1043 10435 — 106} 1063 106} 5636, 6834 58% 865 | North Ste Pwr 65764 ._ a1 34 W 6°65 aast 165§ G ef68°78.. 29 FtD4s'sbets 9 ° % 108 mx 107% 110 ElginJ & E 6841 11 110 110 112 1125 94 944 Erlecons 48'96_—___.. 106 104 Erie gen 43 96, 93 92! Erie ret 68 '67. Brie ret 53 °78. 893 88} 89 Farb’ks Morse 48 "56.. 103 l:fl)‘ l::u 2K 11 n Gen Cable 538 °47 ... 10534 1083§ 1053 Gen P\lblvofli;'ll.. 108 108 103 995 9934 993§ 134 Gould Coup . 138 Great N Ry de-48 G- 119 e 1img Great NRyds*¢s H._ 108 107% 108 Grt N 4 Y 1143 14 114 % 1053 uy X1 R R R R L4 i - & Niag Sh 634850 - 10854 10835 108} Norf So 1st rolll’ll. 1834 17! 7] Norf & W 1st 4s* 1 seere et North Am Ed Nor'n Pac gen I-lofl. 108 1% 81% 81% - —ee 110 109% 1098 1033 108§ 103} 100 North S P'1st 55 41 A, 10474 104% 10426 108 108 108 1085 1083 108% Ohio Pub Sve 78 --e 112334 112 112 Oreg Sh Line 6546 . 119% 11956 1193 - :mu :MSG 120% 0635 1063¢ 1 Otis Steel 6341 102§ 102} l:!’: PacG&E3%s 61 ::: IIII" 110 100% 10034 10434 1045 1043 393 39)5 3934 T 108% 1081 108%¢ — 1083 1063 1085 1013 1008 1008 - 11134 1113§ 11134 1045 104 104 100 1083 109 108% 10856 1 1235 1203 1500 géééééégz sepsEet EEgzainy T :;:; H 33 &5 % [ £ FEEEH Epafaii i § $EREs Betngfe® $ QI 8haron o 130k 130y 1205 | SheC T Lot AGTIVITY N WEEK Retail Sales Satismtory. : Manufaoturers Step Up- Operatiom. 3 % 2% 10634 10634 10636 | near! 02 92 92 ";0 0L 99 99| (92 fresh hi uuuuuu!""" Seabd A-F1 65’36 At .ru ¢s'si Bet Seabd A %051, 10836 1084 10635 | S Texas r:m.hll-'l o Texas & Pac s 30D Un O} Cal 48 °47 e Un Pac3%s°T1. Ufl’l‘lfl“:"'—— 4988 e Un Pas iat rtia 3001 {1 ‘abash ¢ Wabasb 15t 66 39— Muli'll_._ % 8 B RE i ig bf tg & sBES i "velh Ilfl“i?fl. .| showed that monetary gold stock 2L after Labor day was seen in figures EATion | dropped $16,000,000 during the week : | of $8,000,000, compared with the pre- 11434 11434 u‘“ 936 99} 11536 114% lll% 10085 10036 100 10836 10834 1108¢ 1108 1108¢ m m um 10034 m ll‘l}( ll’ 1073 10734 lfiu 10834 mm Tom K. of St. Louis, receives the insignia denoting from Robert V. Flem {re:ldmt. Fleming is president of the American Bankers’ Association his city. NEW PEAK 1S SET BY GOLD SUPPL Further Flow From Abroad Raises Monetary Total 24 Millions. By the Associated Press. Reflecting & continued movement of gold from abroad, the Federal Reserve Bank's weekly condition statement climbed to a new high level during the week ended September 23. On that date, the statement re- ported, -monetary gold stocks reached | $10,786,000,000, an increase of $34,- 000,000 over the preceding week and 489,000,000 over the same week a year ago. Attributable in part to the gold stock rise, member bank reserve balances turned upward $19,000,000 to $6,225,- 000,000 during the week, or $989,000,- 000 over the same week a year ago. A continued inflow of currency showing that money in circulation m |to $6,239,000,000. The latter figure, however, still was $613,000,000 over the same week a year ago. - ‘The condition statement said: “The daily average volume of Fed- eral Reserve Bank credit outstanding dm-lnl the week ended September 23, as reported by the Federal Reserve Banks, was $2,479,000,000, » decrease udm‘vaekmmlncnueof”m- 000, compared with. the corresponding week in 1935." FINANCIAL, FREIGHT LOADINGS Smith, president of the Boatmen’s National Bank his presidency of the Ficming, rebring 98 N Bank ol ight, A, P. Wirephoto. NEW YORK COTTON mmmh‘h‘ YORK, September 25.—Cotton was lower today. There was continued hedging and liquidation combined with more or less continental selling at- tributed to uncertainty over the French monetary situation and weakness in the grain market. December sold off from 1190 to 11.78, with the mid-afternoon market showing net- losses of about 2 to 8 points. Futures closed barely steady, to 8 lower. Bleachable cottonseed oil futures | closed steady. September, 10.25-30; October, 10.13; December, 10.18; Jan- | uary, 10.18b; March, 10.25b.- Sales, 82 New Orlean: NEW ORLEANS. The early trend on tod; l In ward . s of motices against the Oetd ition, pened net unchanged to 1”‘@1- Sheher. with contracts receivi) emand from the irade 'and speculative. interests. Oc- tober opened at 11.85, December at 11.53, Jn_llz_gm at “a” !d ' % o ¥, Jemand for apot cotton at interior ‘markets continued to be a con Hiructive Tactor. rm tone to ™ ootion mavket marke levels i ing ourase Dossibility ber 8. Dtll'!d in the with some 0' e contracts reported for oil luturn l??'eb:MJ“:.‘ % lnnn.o e May, 0.800. Do—Bid " Liverpeel Quotations. Wmhmm 25 .- —Colum d: Dflca 4 I.lu l U'I‘rl:t:n ll!k‘ mlluflnl ln ? IM oes middim ity '-ma‘l.h'n .75b; otmndm:mlnnhwd 800d and the year w_fl.mt.mn- In milli g llm:rh‘d._f‘ i 15 m —16 + 01; 6225 +19 + 989 2,787 — % + ® NEW YORK BAR SILVER. NEW YORK, September 25 (#).— Bar silver steady and unchanged at “x. HOME LOANS to build or refinance T 5, $7.50 PAYMENTS as low as per $1,000 COI.UMIIA BUILDING ASSOCIATION 716 11th St. NW. YORK. September 2| ruhu ares teady. Beptomber 1644 Decem $4: Marcn To.02. 5 (M —Crude lnvutmr cill'u O, irst Mortg: 5'/2 A Real Estate Notes Secured by new dwellings in N.W. section of Washington. contracts, including 2 switches. b—Bid. M Bedimver, *10.85: | sss A_17 - UP 89551 CARS Weekly Total of 789,510 Is 11.7 Per Cant Above Level Year Ago. Septem! Fhs re { and @' . Phe Tance o r.:;.;; 781 1035 13 i 8 with preceding week and correspond- ing week & mr uv. Tollow: FEDERAL LAND BANKS 12T YORE. september 25 uh—Pederal (Quotations s of 2 o'clock.) Bid Asked. 107 RAILWAY INCOME. NEW YORK. September 25 (P.—Raf roads report! mxxluuun net “operating in- come (vefore fxed ed charges and otber I come) today incl Junols Central NEW mber 25 money Auld) L Pu c!m all” l commercial paper. % per cent. steady, 60 daye-6 months . —t Prin Aml loar per ce: For Purchasing a Hor RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Moatbly Payments Bradley, Beall & Howard, Inc. Estavlizhed Nearly 40 Yeers NA. Seuthern Blds. Interest balance vBUTLDING construction on a large ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinancing. Loans repayable monthly. No charge for appraisal If loan is not made. charged only on unpaid of principal. EQUITABLE CO-OPERATIVE ASSOC].ATION 915 F STREET N.W. 1 FIRST MORTGAGE LOANS whetser oo psenct scale or a modest one, we are in position to arrange your mortgage loan, For nearly fifty years we've been helping property owners in the District, and nearby Maryland and Virginis. We can help YOU. Let ‘us tell you about our, long-term, low-interest, mvahnt-poynnt m Loan Plan. | ~‘WEAVER 1 BRO’ IN¢ REALTORS 3E58sfiygengginanins s¥cs s§§; sgegafeizagiozanst auii - 3 E2. ~oguagagsgs §SiEsantongll ~ijigaaEtene gavpuances BusesEENREE: & BEspisefRREaaEnR=sgiagenngirrzahvs abzu a0} B saRegiRRReRaR=siiggznegfenseten sl gl G garggeggrEsgmgaeigiisgni | gmagasgsgragegsfpiangd e b 1) et enned