Evening Star Newspaper, September 29, 1936, Page 21

FINANCIAL. CORPORATE BONDS TURN DOWNWARD Rails, Industrials, Utilities Off Small Fractions—U. S. Group Eases. Bond Averages 20 10 10 _10 Rails. Indus Uti) For'n Net change. Unc. Unc. Unc. +.1 ‘Today, noon 96.8 103.1102.5 69.5 Prev. day_.. $6.8103.1102.5 69.4 Month ago. 94.7103.3102.3 69.6 Year ago... 824 998 978 67.6 1936 high... 97.1104.11029 720 1936 IOW.... 36.9101.8 99.3 67.6 1935 high... 87.8102.2 99.8 70.4 1935 10W.... 764 922 845 655 1932 JOW.... 458 40.0 64.6 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon - 1127 Prev. day- 1128 Month ago 112.2 Year ago. 109.9 1936 high. 112.8 1936 low.. 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1932 low.. 8638 (Compiled by the associated Press.) By the Associated Press. NEW YORK, September 29.—Prices lowered a little in the bond market today as Wall Street awaited comple- tion of plans to devalue the French franc and reopening of markets in the former gold bloc countries. Although the Paris Bourse is closed “indefinitely,” some trading has been carried on in the unofficial “Black Bourse,” where stocks scored wids gains and bonds improved a bit oa moderate turnover. The Amsterdam markets resumed today with sentimeat cheerful. In the domestic market railroad bonds slipped off small fractions, ac- companied by industrials and utilities. United States Government moved off early in the trading and held at about their lows of the session, with setbacks extending to 532 of a point. CHICAGO GRAIN By the Associated Press. CHICAGO, September 29—Led by the July future, which represents the 1937 crop, Chicago wheat prices re- acted sharply late today from an ear- » lier display of strength. Additional rains that fell in do- mestic Winter crop areas Southwest and West were expected to bring | about big extensions of seeded acre- age. A large acreage already has been seeded in Eastern and Central Kansas, it was reported. Wheat closed unsettled at the same as yesterday's finish to 134 lower, December 1.13%-':z, May 1.11%-%, corn a-% advance, December 95!g- 95!, May 90-90's. oats 3 off, and provisions unchanged to 10 cents Close. LARD— Beptember October __ December _ January BELLI September December . Chlcngo Cash M:rket. Cash wheat, No. 1 hard, 1.221;; No. 1 mlxed 1.18%; corn, No. 4 mixed, 1.1013; No. 5 mixed, 1.10; No. 1 yel- low, 1. 15 1712 No. 2 yellow, 1.15-1712; No. 2 yellow lake billing, 1.15-16; new crop No. 2 yellow, 1.12, kiln dried: No. 3 yellow, 1.12; No. 4 yellow, 1.10-12; No. 5 yellow, 1.09-11; No. 5 yellow new crop, 97-98; No. 2 white, 1.21 A: No 3 white, 1.18; No. 4 white, 1.13%, 5 white, 1.10; sample grade, 1.04- 09 oats, No. 3 mixed, 42-43; No. 1 white, 431,-46: No. 2 white, 45!,-46; No. 3 white, 42-44; No. 4 white, 41-41'2; no | rye; soy beans, No. 2 yellow, new, 1.2 barley, old No. 3 Iowa, 1.00; feed. 72- 85 nominal; malting, 1.12-47 nominal; timothy seed, 5.75-6.00 per hundred- weight; new crop, 5.50-75 per hun- dredweight; clover seed, 15.00-22.00 per hundredweight. Liverpool Wheat Prices. L. September 29 (¥).—Wheat futures closed steady. High. 1.20 arch Exchange. 494, Baltimore Quotations. BALTIMORE. September 2 (4" —Wheat. No. 2 red Winter. garlicky. spot domestic. 1.1572; September. 1.15'2 INTERNATIONAL PRINTING “ INK BOOSTS DIVIDEND By the Associated Press. NEW YORK, September 29.—In- ternational Printing Ink Corp. today loans | announced a quarterly dividend of 50 | cents on the common stock, compared with 45 cents paid in the two previous quarters. A regular quarterly dividend of $1.50 on the preferred shares was also ordered. Both dividends are pay- able November 1 to stock of record October 15. FOREIGN EXCHANGES. NEW YORK. September 29 (#.—Foreign change Irregular. Great Britain in dol- of c n. de- ark “Pin a2T0} s»(n unu\lotefl Greec Pol vakia. 4 H ! !Hdzrxlx‘(kol)'\n New ank exico _City. mn 00; Nev Sin Montresl. 100.00. a—Nom| fork MONEY MARKET. m YORK. September 28 (M .—Call 1 ner lll dl! ‘orime com- time months. 1% er cent tances \mch% ork Reserve l‘/fi NEW YORK LIVE STOCK. YORK. September 20 () (Siate partment J iture report ol New erk -nd J!l’ley 1'. H stock market) — heen h‘cludm' % 080 Y ambe 50 my T ‘Siehtlyng |ncomnleu good to cholu in-between kinds 0.25: common ’ d."s nee. Sheep steady. scarce: ! throwouts. 7.0 e %6004 00 METAL MARKET. NEW YORK. September 29 (#.—Copper Qulet; electroljtic spot and future. '9.78: 1. Tin steady: spot and ‘hearby. SE0050; ature. 450815 tead siendy; spot New York '4.60-65: East St. Louis 4.45. zmc dull: East St. Louls spot_and futur, 85 Quicksilver. 91.00-87.00. Iron. aluminum. antimony. platinum and Wollramite unchansed. ~ Tampa Electric Co.—~Common share earnings, 12 months ended August 31, were $2.26, against $2.17. i 1 Rhein Main 78 *50 THE EVENING STAR, WASHINGTON, D. C., BONDS ON N. Y. STOCK B!pflnh'lnflmtu'nnshr Approximate Tnn-mu- ‘Today. U S Gov't Bonds..__.. $4.570,000 Foreign Bonds. ... 1.150,000 Domestic Bon - 10,690,000 TREASURY. High. Low. Close. 2% 8 1945-47 .. 10412 104.6 10412 258 1948-51 e 102,20 102,15 102.19 2%81951-64on__. 101,20 101.16 101.19 28856259 ccu. 101.2 2%81955-60 o 1 102.21 38 1946-48 385 1951-66 3s 1951-56 reg-. 3% 1946-49 . 3% s 194952 . 3% s 1941 338 1940-43 June 335 1941-43 March reg. 338 1943-47 o 338 1946-56.e 4s1944-64_______ 45 1944-54 reg___. 4%s-33%81943-45 48194762 ____ 118.27 118.30 4148 1947-52 reg.. 118.26 118.26 FEDERAL FARM MORTGAGE. 2% 8 1942-47_. 102.20 102.20 102.20 351949 103.15 103,13 108.16 HOME OWNERS' LOAN. 2% 8 1942-44____. 101.22 10118 101.22 2% 1939-49. 101.22 101.16 101.21 381953 103.9 103.5 103.9 FOREIGN lONDS Abitibl PIEP" 6: Bl Akershus 68’6 Antioquia Antwerp &8s 108.29 109.2 128 113.29 113.29 113.29 10811 108.16 11‘ 100% 1003 100% 101 1008 1005 1005 10055 1008 101 10085 1008 1003 10034 1003 ~ 10034 1008 100% Argentine 6’60 Oct __ 1001 1003 1003 Argentine 65 °61 Febr. 100% 10034 10034 Argentine 65 61 May. 10054 10035 10034 10234 10214 1024 10874 1083 108% 1083 108% 108% 97 91 97 106 105 106 107 107 14 114 lnb% 10634 99 26% 25% 28 28 28 283 27 27% 344 344 102§ 102} 673 6134 665 663 653 983§ 495 69 - 1004 mm mo)q Buenos A 6s BuenosAC6%s'61stPv Canada 2% Belglum 68 *65 - —ccaae Belgium 6145 49 cceee Belgium 78 Belgium 78 56 - Bergen City b Berlin Elec 6 {1 J— Brisbane 58 67 -eae--- Buenos Alres 435-4%8°76 April_. Buenos A 4%s'76 Aug 10244 6734 67 653 834 (3% 98 % Buenos A C 6s 60 O Buenos A C3s'84 Buen A ¢338-4% ':1," 100%% 101% 1 n!: 11'{ 100 1005 101% 101%5 1081 108% 11433 11434 14 18% 1844 13% Chile 6s'63 Chijle 7842 _ Chile Mtg Bk 6s ‘61 Chilean Mun L 7s’60.. Colombla 6s*61 Oct .. Jopenhagen 438 '53. Copenhagen §s Cordoba 7s "42 Prv... Cuba 4%s"49 ____. Cuba 55 "04-"44_. Cuba 6%s '45 Cuba 5%s 53 Denmark 4%s ‘62 Denmark 5%s ‘55 Dominic 1st 5% s 40 Dominic 2d 6%s 40 Dresden 7s "45_ Estonia 75 "67.. Ger C Bk A 63’60 July Ger C Ag Bk 68'60 Oct GerCBk A Ts Ger Gen Elec 6. Ger Gov 5%3 °65 un s! Ger Prv & City Bk con Ag 6 Ger Rep 7 stpd_._ Ger Rep 7s“49 un st__. Good HS & 178'45 Grt CEl Jap 6%s8°50 Grt CElJap 7s 44 Hung Con M 73,845 unmat coupon on-_. italy 7851 Ital P U Crd 78 '62.. Japan 63%s *65 - Japan 618 '54 Jugos Mtg Bk 78 unmat coupon Kreug&Toll 55 59 efs._ Medelin 6% 854 Met Wat 5%8 50 Milan 6%8°52. _ Montevideo 7s '52 New So Wales bs *57_. New So Wal Norway ¢% Norway 43 Norway 6363 __——__. Norway 6343 e Norway €844 Nuremberg 6s Oriental Dev 6s 53 Oslo ¢ 56 Oslo 6s *65. Panama 5s *63 stp e Paris Orl Ry 6% Peru 10434 10434 5613 58 10234 102 981 9834 i 1003 100% k3 76 4 114 {3 J— = 814 67 843 B4l 100 100 29% 29% 461 6% 9% 9% 104 104 67 674 605 6055 10434 1043 1044 104 104 973 97 97 10034 1003 10034 101% 101 101 10435 10436 10434 106 106 106 24 24 24 (83 83 83 98 9734 9734 100§ 10035 10034 67 665 67 ns% 11434 119% SOEE T 128 125 5 12% 1234 15 18 57 87 70 10 59 59 16% 16% 17% 1% 2835 283 27% 21% 1Y 144 17% 16% 185 0% 603 10434 Peru T8 59—tz o Poland 68’40 Poland 78 47 caeee-.. Poland 8850 __ Porto Alegre 7% s ’66 July coupon off ___. Porto Alegre 8s '61 June coupon off. Rhine W E1 P 6s '56.... Rio de Jan 63%s '53 Aug coupon off Rlo de Jan 8s 46 April coupon off Rio Gr do Sul 68 Rome 6%8 52 . ceun Sao Paulo St 7840 8ao Paulo St 7s ‘56 Sept coupon off . Sao Paulo St 88’50 July coupon off ____. Serbs 78’62 unm e o.. Serbs 88’62 unmco__ Shin’su El1 P 6%8'52_. Silesia Prov 7s ‘58 Taiwan Elec 518 "71_ ‘Tokio E L Ltd 68 °63._. Uruguay 6s " Uruguay 8s 4! Vienna 6s°52 May co. Warsaw 7s 58 _ Westphal El Pw 65 °53 Yokohama 6s°61_____ DOMESTIC BONDS. Adams Exp:nl 48°47. wm 108% mm 5334 % 49 49 26 26 8435 845 _ 16635 16435 164§ 74 18 78 - 1113 1105 1108 ny N7 17 1123 11236 11236 1063 1053 10635 1113 1103 111 1115 1113 11y 113 113 11835 46 1443 Led3g 49% 48% 49% 49 8% 49 1063 1063 1063 28% 2834 28% 4 Am Writ Pa 6s 47 cfs Anaconda deb 433 ‘50 Anglo-Chil Nit 78’67 Ann A 1stex in 43’95 Arroour(Del) st 48°66 A T&S Fe 4! 09-'55. A A 1113 1113 11134 10834 1013 108 953 96 [ Atl Coast Lclt 4563 Bklyn Man Tr 68 49 A Bklyn QueensC& 8 con b8 ’41 stpd__ ... Bklyn Un Gas bs *45.. Bklyn Un Gas 55 °50__ Bklyn Un Gas 65’57 B Brown Shoe 3%s'50__ Buff R&P con 4145’67 Bush Term con 6s *66 Bush Term Bldg 6s *60 By-Prod Ck 5%s Can’dian N R 4%s'51. Can’dian N R 4%s8°56. Can’dian N R 4% ‘67 Can’dian N 58’69 July. Can’dlan P db 4s perp. Can’dlan Pac 4%s8 46 Can’dian Pac 4348 60 Candian Pac 55’44 cfs Can’dian Pac s '54._. CaroCl & O 5 CaroCl1&0 2 Ao Car & Gen 65 '50 ww__. Carth & Ad 4581 gtd_ Cent of Ga con 6s*45__ Centof Garf5%s"59._ Cent Ga Mobile 5s ‘57 cent Il E& G 6851 _ Cent N England 4 Cent of N J gen 65 '87. Cent Pac 1st rf 45 C&Ogen 43%8'92 C&O4%8'93A ___. Chesapeake & Ghio Greenbriar 4s'40___ Chi & Altref 38749 __ Chi B & Q gen ¢s 58 ChiG L &C 5837 Chi Grt West 4s 69 Chi Ind & L re: ~T. Chi Ind & So 4 CM&StP 4s ‘89 CM&StP gn 4%8'89 C. CM&StP 4%8'89 B___ CM&StP 68 "76.__ CM&StP&P adj 552000 Chi & NW gen 31;s '87 Chi & NW gen 4s ‘87 03 Chi & NW rf Bs 2037 C&NW Nr W 634536 Chi R I&P rf 4s°34 __ Chi R I&P rf 4834 ctf Chi R 1&P gen 45’88 __ Chi R 1&P 4s ‘88 ctf #| Chi T H&S inc 63°60 _ Chi UnSta3%s’'63 E Chi Union Sta 4s*44__ Chi Un Sta 45’63 _ Chi Union Sta 63 *44. Chi & W 1 con 4s’52__ Childs & Co 5843 ___. Chile Cop deb 5s 47 Cin Un Ter 3%s D gtd CCC&StLCW&M 4s '91 CCC&St L rf 4%8'717 £ CCC&St L ref 6s°41C CCC&StL StLdv 4s'90 Clev Cliffs Ir 4% *50. Clev Un Tel 4%s'77 _ 73 Colo Fuel & Iron §s "43 Colo Fuel & Ir 58 "70_ Colo & So 4%s 80 Columbia G & E bs '52 May. Columbia G&E bs 61 3%s 46 Cons Gas N Y 438 51 Cons Pwr3%s'70 Contatner 6s *46 Crown C &S 4 3 Crown Zell 68 40 ww - Cuba RR 1st 58’62 Cuba RR ref 7%s '36_. Cuba Northn 6% 8’42 Cumb T&T 5837 Del & Hud ref 4s"43__ Den G & E 5551 st_ Den & R G con 4s 36 Den & R G 4%8"36_ Den& RG W 63 °55 Den & RGW 6865 asst Den & R G ref 5378 Des M & F't D 48°25 cfs Detroit Edis 48 65 F° _ Det Edison 4148’61 D Det River Tun 4%s '61 Duguesne Lt 334356 ECuba S 7%3°37 ctfs. ETV &Gacnbs’s6 53 Erfe ref 5s '15__— Farb’ks Morse 4s '56_. Fed Lt & Trac 5s '42 st Fed Lt & Trac 6s'54 B Fla ECRy 4¢%8"59___ FlaECRy 5s°74_ Fla E C Ry 58 74 ct! Ft W&Den 1st 545’61 Fran Sug 7%s %2 Galv H& H 5%8 38 Gen Cable 5343 '47. Gen St1 C5%s "49._. Goodrich 6s 45 _____. Goodrich 63%s *47_. Goodyear T&R 6s 57 Gould Coup 65°40 __ Great N Ry 4s'46G Great NRy ¢s'46 H _ Grt NRref 4%s°61 A Grt N R gen 4%5 76 D Grt NRgen 4% 17 E. Grt NRgen6s'73C.. Grt NR6%s'52B____ Green Bay 2B Gulf M & N 68 ‘50 Gulf M & N 5%s *50. Hock Val 4%s '9! Hoe (R) &Co 6%s 34 Houston Ofl 5% s *40 Hudson Coal bs 52 Hud & Man inc 58 °57. Hud & Man ref &s 57 111 Bell Tel 3%8°70.___ 111 Cent 3%s *52 I11 Cent col tr 4s 52 ___ I11 Cent col tr 4s'53__ I11 Cent ref 4s ‘55 . I11 Cent 4% s '66__. 111 Cent ref 68 "56 . _. 111 Cent Omaha 3s '51 111 Cent Spring 3%;8'51 ICC&StL N O 4145%63 ICC&StL N O bs I11 Steel deb 4 IntR T 1strf IRT1strf6s ‘66 el!l Int RT 6s°32.. IntRT 7s8°32_. Int R T 7s 33 ctfs____ Interlake 6851 _____ Int Agr cl 65 °42 stp.. Int Cement 45 "45..... IntGrt Nrés'52 A___. Int Grt Nr adj 6s'52 A. Int Hydro E) 68’44 Int T&T 6365 _ Towa Cent 1st&rfis’s1 James F' & C 4539 Jones&L Stl 4% s'S1A. KanCSo1st3s'50 .. Kan CSorfin 68’50 Kan C Term 1st 4s°60 KlllGlEl‘hl'lO l..lnl'dl G6%s’53 [ Laclede G 5%8°60 D__ Lautaro Nitr 68 66 . Low. Close 94 943 10286 10234 10234 62l 62 62 B6%4 561§ G563 83 83 83 1083 108} 1053 10776 1073 107} 8 9176 9134 91% 108 1023 1023 10434 10434 10434 106 106% 106 993 993 99% 1293 12934 129% 104% 1043 10435 8114 80 8L 86l 86% 853 85 26% 26% 100 1025 108% 88 121 104% 10834 106% 9134 6974 5434 103% 1033 83 83 121 120% 10434 10434 10874 108% 1063 1053 92 934 69% 69 56 6414 98 9T 974 4% 14% 143 1163 1143 11475 11514 11435 11434 114% 114 114 118% 11834 118% 94% 94 94y 1025 10235 102% 105 10434 1043 116 116 116% 108 108 108 10634 106% 106% 110% 110§ 110% 108" 108 108 92 31 17 2315 1043, 5734 92% a1y wax mu @y 3 108% 28Y I 1113 11635 11434 107% 27 113% 94 105 9234 883 8834 1033 10335 10255 72 12% 12 105 80 95 1053 8834 1051 10834 4 103% 134% 11814 108 11434 10614 10534 1113 1153 113 9934 10255 123% 82 102 54% 361 81% 107% 87% 9315 873 9434 823 10534 87 107% 873 107% 87% 9314 1004 8785 9214 108 953 9434 533 943 93 98 9785 98 1035 108% 108% 893 88% 883 98 97 98 1083 10834 108% 1033 10834 10815 935 96 96k — 10134 101 10134 10 69% 70 7 .69 .70 3235 82y 324 EXCHANGE High. “Low. Close. Leh C&N 4% 54 A Leh C&N 4%s8'64C._.. Leh &N ERR Len Val Coal Leh Val Coal bs Leh Valley Har 6s 54. LV NY 1st 4845 gtd_. Leh V P con 4s 2003 Leh V Pcon ¢%s 2003 Leh V RR con &8 2003 Leh Val Ter bs *41. Loew’s 3138 '46 Long Isl ref 4 Long Island L &N Atl K&C 48755 L&NP M4s'46 L& N St L 3s'80 L & N So Mon it 48°52 McCrory Stores 58 *51. McKess&Rob 6%s 50. Me C RRclt MeC RRgn 4 Manhat Ry 4s '90 ctfs. Marion St Shov 6s 4’ Mead Co 68 "45. Met Ed 18t rf 4% Met W S E1 Cr 4538 Mich Cent 3155’52 Mich Cent 45’79 Mid RR N J 6840 MIIER&SLGs MiIER&SLrf 58’71 Mil No 1st 4145 ’ex 39. Mil & Nor con 4%s 39 Minn &S Lrf4s’49__. Minn & S* V. 6834 ctfs MStP&SSM cn 4538 MStP&SSM 6148 4! MStP&SSM 5148 °78 ._ MStP&SSM rf 63 "46 A Mo K & T 1st 4590 MoK &TG6s 62 A MoK&T d] 6867 Mo Pac 4 Mo Pac bs ” F’ Mo Pacific 58 80 H. Mo Pac 68811 Mo Pacific 6%8 49 A_. Mob & Ohlo 4% s 77 Mob & Ohio bs 38 Mohawk & M 4s *91 Mont Cent 6s 37 Mont Pwr ref Bl 43 Mont Power 5s ‘62 A. Mont Tram §s 41 ___. Mor &Essex 31,8 2000 Morris & Essex 4366 Mor & Essex 58556 .. Namm & Sons 6 Nat Dairy $%s NatDisPC4%s’4 Nat R M 1st 45’51 Nat Steel 4866 New Eng RR 5s 45 New Jer P&L 4148 "60. New Or GNR 6s 83 A_ New Orl PS 6862 A New Orl1 PS5s°55 B ew Orl Ter 1st 48’53 New Orl T&M inc5s'35 New Orl T&M 6854 B New Or T&M &5 * New Or] T&M 614854 N ¥ Cent 314597 N Y Cent 338" N ¥ Central 3% 46_ N ¥ Cent 4842 N ¥ Cent con 4598 N Y Centrf 4%s 2013_ NYCrf4%s2013n__ N Y Cent rf 55 2013._. N Y Cent cvés'ss _ &S \YL&brLfi%l N Y Chi & St LL 6 N Y Conn 1st 435 '53_ N ¥ Dock 1st 48 '51___ N Y Edison 3% s8°65 D N YG E] H&P bs "48 _, NYL&W 1st4s'73 NYNH&H 4%8'67 INYNH&Hel tr6s°40 NYNH&HcvEs'48_. NY O&W gen 43 "55_ NY Rysinc 6s *65 _. VY & Rich G 6s'51 Stem 1st 5851 NY S&W 2d 435537 NY Tel gen 4%s '39_. NYW&B4%s"46__. Nlag Sh 6%s'50_ Norf So 1st ref § f\orf & W 1st 45°96_ North Am Co North Am Ed 6i r'n Pac gen 3s 2047 PnPac4nc9l. . __. r'n Pac 4% s 2047 _ Nor'n Pac 58 2047 C_. Nor'n Pac 63 2047 D__ Nor'n Pac 6s 2047 ] North Sts Pw 4348’61 North Sts Pwr 55 '64. Ogden L.C 43”48 __ Ohio Edison 4s ’65 Ohio Pub Sve 7158 %46 Oreg W RR & N 48°61 Otis Steel 63 "41._. Pac Coast 5 *46._ PacG & E3%s Pac G & K 4s 64 PacG & E 65742 Pac T&T rf 3% Pac T&T 1st 58 '37 Par-B'way 6%s Paramount Pic 65 '55_ Parmelee 65 44 Penn Dixie C 6841 Penn O & D 4148 "17__. Penn P& L 448”81 __. Penn RR 3% 870 C__. Penn RR con 4s *48 Penn RR 4s '52 E. venn RR 45’63 Penn RR 4% s Penn RR 43,384 Penn RR con 43 %60 Penn RR gn 418’65 _ Penn RR deb 415 *70_ Penn RR gen s '68 People G L&C rf 55'47 Peoria & E 18t 48°40_. Pere Marq 4%s '80 _ Pere Marq 1st 68 '5| Phila Co b5 *67 .__ Phila Elee Co 45 *71_. Phila & R C&1 6373 Phila & R C&I 68 *49 Philippine Ry 4s '37 PCC&St L 42840 A PCC&St L 4%s%42 B__ PCC&St L 5s'T0 A __ PItts&W Va 414359 B Pitts&W Va 4143’60 C Port Ar C&D 65 '53 B Port Gen El 434560 _ Porto Rico A T 68 *43_ Postal Tel & C 6s *53 _. Pressed St1 C 5333 Prov Term 1st 58 *56__ Pure O] 4% 850 ww__ Purity Bak 6 Reading Jer C 4s "51 Reading R 41897 A_ Reading R 4%s'97B_ Rem-Rand 4% 5’56 ww Republic St 4355’61 _ Republic Stl ¢ Republic Stl 6 Revere Cop 4% Richfield Of1 Richfield O 6 Rutland Can 4s"49___. Rutland RR 4%s8°¢1__ St Law & Ad 6s St L-S Fran 4%s*78__ StL-SF4%s’78cf st St L-S Fran 68°50 B__ StLS W 1st 48 ‘89 San An PSvc6s’52 A Schulco 6%s'46 A____ Seabd A L ref 4s 59 Seabd A L rf 4s'59 cfs Seabd A L 4s '50 stp. Seabd A L adj 68°43. Seabd A L 63745 A _ Seabd A L 6845 ctfs. Seabd A-F16s'35 Aot Sharon Stlcv 4%s 51 Shell Undeb3%s’51. Stlesian Am 7s 41 8o Pac col 45°49 . 5. 109 10434 104% 1085 108% 10634 10634 6834 6814 67 67 104 108 8874 88)4 10134 10084 124 1% M 1634 8614 843§ 107% 107% 987 8% 10434 10414 102 101% 973 97 1105 110} 10254 102% 1093 10834 108 103 11014 1093 11834 11334 . 109% 10934 933 933 993 99 104 104 104 104 102% 1023 824 8214 AT 4Ty 611 61 5634 96%4 1053 9625 10534 14 - 108% 108% 10434 88 854 1028 12844 i 1103 1355 108% 1815 625 175 12034 10534 106 104 8137 i 1095 10114 109 1083, 1108 1065 108 35 10614 131 10614 102§ 66 1063 { 1085 101 1043 101 608 964 10635 131 10614 1021 1015 10634 106 107 993 1183 i 10814 10435 43 1o4s¢ 10384 10534 6834 67 104 8834 1013 1% 7 851¢ 1075 988§ 1044 101% 97% 10y 102% 10874 108 109%; 1133 10934 938 99% 104 1035 1083 l.'M 5% 135 38 30 911§ 33 95¢% 8514 631 165 424 420 a2y 1334 22 22 9534 10385 107 10314 10285 | 945 | GOODYEAR OFFER REFINANCING PLA Proposal Designed to Clear Way for Resumption of Dividends. By the Associated Press. AKRON, Ohio, September 29.— Goodyear Tire & Rubber Co. has pro- posed to its stockholders a refinancing plan which its statement said is “de- signed to make possible the resump- tion of dividends when current earn- ings and surplus permit.” President Paul W. Litchfield said a stockholder’s meeting will be held here November 2 to pass upon the program. The statement said the plan con- templated: “1—The creation of a new issue of $5 convertible preferred stock, senior to the present first preferred stock as to both dividends and assets, and con- vertible until October 1, 1946, into common stock for one share of new preferred stock. “2—The offering by the company to the holders of its existing first pre- ferred stock of one share of $5 con- vertible preferred stock and one-thinrd of a share of common stock for each share of existing first preferred stock.” Under the present capitalization, Litchfield’s statement showed, Good- year has 759,719 outstanding shares of first preferred, $7 cumulative, no par value stock in which arrearages total $8,546,000. Common stock, without par value, totals 1,540,399 outstand- ing in an authorization of 5,000,000 shares. The new $5 preferred stock issued prior to March 15, 1937, Litchfield said, “will bear dividends cumulative from February 23, 1936, so that the total dividends payable on the new stock during the year 1936 wijl be $4.25 a | 88 share.” ‘The name of the existing first pre- ferred stock would be changed to “second preferred stock,” Litchfield | said. Washington Produce BUTTER—Range of prices 1o stores gathered from wholesale dealers (prices to nearby shippers based on Philadeiphia and New York prices): One-pound prints. car- ton (92 score). 37 (50 score) score), 36, tubs eef. 15216 fresh ham pork loin, LIVE STOCK—Pigs, mediums, 93,a10'; roughs. bakiz: calves 6alo Prices paid shippers n ton 5" the " United States Bureau of Agricultural Economics EGGS—Marke: steady to firm at vailing prices. Curreni receipts, Hennery whites. 1a33 light hogs. 9a0y heavies, Beall): Jambe dan's ¢ | eraded and dated whi | paid { on track | market” slightly weaker. So Pa ref 48 55— mu( m;i 108% '\ shipper extras, large. 301y s darde. large LIVE POULTRY—Market Prices nominal 1 1ial8 roosters, Bocks, bou Coloree young T A Old guineas. 2| 25830 eac Receivers oftering for Fruits and Vegetables. Sales in large lots by original receivers up to X am. today LERY—One Michigan. two New York : two broken and three unbroken cars on track. Supplies moderate: demand light: maret slightly weaker. Michigan. - S0a65. i crates, individually 5. West New York. 10-inch Individually washed d % grates individually CARROTS—No carlot _arrivals: broken cars on track. Supplies moderate: demand fair: market shightly California, Western _lettuce crates. 50; New York. bushel bas- CABBAGEANn carlot arrivals: no cars Supplies moderate: demand fai; New York. pound sacks = domestic round type Lonw Island ‘section. crates ABpro 60 pounds net, red type. 1 CANTALOUPES—No carlot arrivals: two broken cars on track. Supplies mod- erate; demand fair. market steady. Colo- rado.” Salmon Meats. jumbo flats, & e et 2581.50. LETTUCE—No_carlot arrivals: no cars on ‘track. Supplies light: demand mod- erate: market . California, Western crates 5 dozen, 7.50 a pe 8.00: poorer, low as 6.50. High. Low. Close 964 95 954 943 9% 9474 99% 110 6% 1104 SoPac4%s'68 .. So Pac 4%8 "69_. So Pac 4%s "81.. So Pac Oreg 43877 So Pac 8 F Ter 455 So Ry gen 4856 A. So Ry 68 "94 So Ry gen 6i So Ry 6%s '56 SoRYM&O4s'38___ Southw'n G & E 45 '60_104} 5. Swift & Co 3%s *50.. 106% TennCent 68°47 ____. 99 ‘Tenn El Pw 6847 A__ 10034 Term As St L 4s'53__. 110 Texarkana 5%8°50 _. 10614 Texas Corp 3%s '51__ 108} Texas Corp cv 68 ‘44_. 100§ ‘Texas & Pac 5877 B_. 105 Texas & Pac 58°79 C.. 1053 ‘Texas & Pac 68 '80 D_ 105% Third Ave ref 48’60 Third Av ad In ex 5s’6( Tol & Ohlo C 3%s "60 Toronto H & B 4846 __ Tri-Contl Corp 5s 53 - UnEIL&P 57 UnOfl Cal 48°47_ .. UnOilCal 6842 A___ Un Pac 3%s°71 Un Pac 1st 48 "47.___ Un Pac 48’6 Un Pac 1st United Biscuit 58 *50 United Drug 5s "53 United Rys St L 4s 34 U S Pipe&Fy l'/.l 48 U S Rubber 4 Utll P& L 5869 ww._. UtI P& L 5%8 47 Vanadium cv 6841 ___ Ver Sug 18t 78 "42 ctfs Va Ry 15t 3% VaS Wconbs 58 ... Wabash 1st 6839 ... Wabash 2d 68’39 ceaee Wabash 68 °76 B. Wabash 65’80 Do . West Penn P 334566 W Sh st 45 2061 gtd W Sh 1st 4s 2061 reg_ West'n Md 1st 48’52 Westn NY&P gn 48'43 West’'n Pac 55’46 A Wul'n Un b8 61 West'n Un 68 '60 Wheel Steel 438 °53. White Sew M 6s°40__ W Sp Stl con 7s '35 et Willmar S F 58°40___ 105% 105% 105% Wilson & Co 48 '66.__ 10335 1023 unn Wis Cent 1st gn 48 *49 29 Wis CS&D Trm 48’36 194 18% um WCS&D ter 48’36 cfs. 16} 16} 1835 Y'ngstn S&T 3 "51. 1283 127 127 Y'ngetn S&T 48°61_. 108} 102}4 10234 0615 106% 10834 108 10834 1013 101% 1013 2034 283 29%¢ two | 10134 10134 1013 Dl:ll}ed TUESDAY, SEPTEMBER 29, 1936. Traders Follow Utility Shares on Eve of Conference By the Associated Press. NEW YORK, September 290.—Utility shares were being watched a little more closely, market followers re- ported, in connection with the con- ference scheduled for tomorrow be- tween the administration and certain utility men. It was called by President Roosevelt for the purpose of going over -the question of establishing a power pool in the T. V. A. territory, and an ac- cord between the private companies and the Government agency. Commonwealth & Southern Corp. is believed by utility men to have the greatest interest at stake in the parley, due to the fact that it has several operating properties in the T. V. A. territory. LOAN TOTAL HITS PEAK SINCE 193 Trade, Farm and Industrial Volume Continues on Upward Trend. By the Associated Press. Climbing to the highest level since early in 1933, commercial, agricul- tural and industrial loans hy mem- ber banks of the Federal Reserve sys- tem in 101 leading cities were shown in a weekly condition statement to- during the week ended September 23. These advances rose $17,000,000 during the week. It was the eighth consecutive weekly increase, bringing 000,000 over the same week a year 0. Of the $17,000,000 increase, $5,- 000,000 was accounted for in the New | York district and $5,000,000 in the St. Louis district. These loans are regarded in finan- cial circles as a barometer of com- mercial lending. rise in monetary gold stock during the tutions with Federal Reserve banks rose $22,000,000 to $4,891,000,000. This was $627,000,000 over the same week a year ago. Demand deposits rose by $89,000,- 000 to $14,999,000,000, or $1,561,000,: 000 over the same week last year. An outflow of funds during the stitutions which had deposits with them was shown in a $96,000,000 de- cline in interbank deposits to $5,835,- 000,000. These deposits still stood $769,000,000 above the figure for the summary of principal assets and lia- | changes for the week and for the dollars: Sep_ 25, 5. 23 1835, Loans and invest ments—total 22,610 Loans to brokers and, _deglers % N Outside N. ¥. C Loans on securi- 143 45 Acceptances and commercial D per bought_ Loans on rea Loans to banks U. §. Government direct " obliga- Obligations ~ filly guaranteed by U. S. Govern- menti. e s Other securities - Reserve with banks Demend _deposits —adjusted | Time deposit 8 | T Government | deposits _ | Interbank deposits Domestic_banks | _ Foreien banks Borrowings a6 16 14 INSURANCE STOCKS NEW YORK sSeotemper =0 . —New York Securlty Dealers Association Bid - 108 412 Asked. Aetna Cas (2a) 1 Aetna Ins (160 Aeina Life ¢ G0a) Am Equit (Ia) Am Ins Newark (%) Am Reins y = Automobile | ia) Balt Amer ) City of N ¥ 2 Gonn Gen Lif ¢ &0 & Dep :ia) = Fifemens Nwk Prank Pire (1a) en Alliance (.R0) len * Palls (160} Gl ¢ Rep (iag) Hartford Fire (2) Home Fire Sec ~ Home Ins (1a) Natl Diberty N Hampshire | N Y Fire (.60a) Nor River (.K0a) Springfleld (4328 Life 2 e Trlvelfl's (16) = U S Fire (1.80) "7 77 Westchester ‘(1a) a—Also extra or extras. S—Deciasnd o Nl ov fur this yems. NEW YORK SUGAR. ORK. September 28 () sugar was unchanged early today for spots. with no sales reported. Refiners continued to hold aloof. although offerings Toue ek heavy. with huless asking 3.45 to Putures opened at 1 point advance &nd in_aquiet trading which seemed to be re- stricted by the lack of interest in the spot market held generally steady. There W geattered trade and commiasion house buy. ing, " January sold at 2.47 and May & §4. the oniy month or 1 point above the previous close. Refined was unchanged at 4.75 for fi Eramalared. Wit Gemand Iimited to nearby requirements. NEW YORK PRODUCE. YOREK, September 29 (R —Butter, higher tha o 6% 'scote)s 33%a 3 centralied (V0 6.707: easy and unchanged Eggs. 18 555: steady. All mixed colors e “fi’v'e" 'mmm wesk By freleht, fols orn, 13al4; turkeys. 19, SAR5ST other Trelent Prices uBchanged: BOSTON WOOL MARKET. N. _September 20 (.—(Unit Department of PR Ce e domestia Wool. Wb movine in the market today. Dealers and manu- facturers were inclined to mark time #s mei watched developments in the foreign exchange situation. The recent decline in he pound sterling has stimulated the plac- can buvers to test the market. but as yet to bought for this country. have been PHILADELPHIA PRODUCE. ILADELPHIA_ September 2 poultry. Fowl {resh lllled Weu- ern. in boxes. 16a24 le! poultry unchaneed. ter—Top grades. 3415038%,: 92 ;u% 91, 33%; 90, 32%; 89, St. Louis Southwestern Ry.—Deficit, eight months ended August 31, was $202,837, against deficit of $540,100. | day to have reached $3.879,000,000 | | outstanding 1,681,073 option warrants the total on September 23 to $527.- | o mid v, and were hojding around these leveis. | Partly attributable to a $24,000,000 week, reserves of the member insti- | week from the member banks to in- | corresponding week last year, however. \ fered. The Reserve Board's statement Of‘clas< 1101 leading cities gave the following |stocks FINANCIAL ATLAS TO MERGE WITH AFFILIATES New Investing Company to Have Gross Assets of $110,907,000. By the Associated Press. NEW YORK, September 29.—Atlas Corp., at jts inception in 1923 a pri- vate investment concern with a capi- | tal of $40,000, announced plans for a | merger with three investment com- | pany affiliates and creation of a new | corporation with gross assets of $110,- | 807,000. Announcement of the program, de- | scribed as the final step in simplify- | ing the Atlas corporate structure, was made by Floyd B. Odlum, president. The three units to be merged are | Pacific Eastern Corp., formerly Gold- | man-Sachs Trading Corp.; Shenan- | doah Corp. and Sterling Securities Corp,, in which Atlas has held con- | trol for some time. Odlum, former Salt Lake City at- torney, and George H. Howard, presi- | dent of United Corp., public utility investment unit, jointly founded Atlas. Vote Called October 29. | The agreement of consolidation, | which will be voted by Atlas stock- holders on October 29, provides for | organization of a new Atlas Corp., with authorized capital of 1,000.000‘ shares of new 6 per cent preferred | stock, $50 par, and 7,000,000 shares of | new common stock, $5 par. There will be issued at the time of consolidation 470,164 shares of pre- | ferred and 4,499.265 shares of com- mon stock. There will also be initially to purchase an equal amount of the new common stock at $25 a share. Holders of Atlas present common will be offered new common stock share for share, and on a similar basis, holders of the present $3 pre- ference stock, series “A,” will be in- | | vited to exchange for the new $6 pre- | | ferred stock. For each share of capital stock of Pacific Eastern Corp. there will be exchange of 1-20 of a share of new |6 per cent preferred stock of Atlas and Y4 of a common share. Holders of cumulative optional $3 convertible preference stock, series 1929, of Shenandoah Corp. will be offered for each share now held one share of Atlas preferred and 4-10 of a share of Atlas new common. For each share of Shenandoah common | there will be offered 17-100 of a share of Atlas common. Duplications to End. For each share of Sterling Securities $3 first preferred stock one share of Atlas preferred, for each share of $1.20 preference stock 15-100 of a| share of Atlas preferred and 4-10 of | a share of Atlas common will be of- Holders of Sterling Securities “A” and class “B” common will receive for each share 23-100 and 1-20 of a share respectively bilities on September 23, together with of Atlas common The consolidation, Odlum stated, same week last year, in millions of will eliminate duplication of corpo- rate expenses and “simplify the prob- lems of management.” Application will be made to list the +2.154 | | new Atlas stocks and the option war- |rants on the New York Stock change. Since organization Atlas acmu:ed | control of 22 investment companies. | These, with the exception of the three to be merged and its Canadian sub- sidiary and the Yorkport Corp. have been dissolved or otherwise disposed of. On a consolidated basis as of Au- Ex- 1 | Long PROPOSAL IS FILED BYC.G. W, SYSTEM Railroad Ptans Formation. of New Company With $35,000,000 Stock. Py the Associated Press. CHICAGO, September 29. — The Chicago Great Western Railroad Co. filed & plan for reorganization under section 77b of the amended bank- ruptcy law today before Federal Judge Charles E. Woodward. The company, which operates 1,513 miles of tracks in Ilinois, Iowa, Min- nesota, Kansas, Missouri and Ne- braska, flled a voluntary petition for reorganization February 28, 1935. The plan contemplated organiza- ton of a new company with capital stock of $35,000,000, consisting of | 820,000,000 in preferred stock and $15,000,000 in common. The old company was capitalized |1 for $96,000,000, including $47,000,000 in preferred and $45,000,000 in com- mon stock. The proposal provided that holders of $35.000,000 of the 4 per cent first - mortgage bonds maturing in 1958 would receive 25 per cent in the new | 100-year 4 per cent series D bonds; |25 per cent in new 100-year 4 per - cent general income bonds, and 5 per cent in new preferred stock. Holders of the old preferred stock would receive one share of the new common for every share of preferred Holders of the old common would get one new common for every five shares, The Reconstruction Finance Corp ° and Railroad Credit Corp. loans out- standing against the company would be paid in full, SHORT-TERM SECURITIES. (Reported by Chas D. Barney & Co.) Amer. Tel. & Tel i) a8 1043 (I:uhnuc Refin C: vy A 1 512 1940 ‘Em Tel. & Tel. 4125 19, clede Gas L W Lenien Vailey Goal s Island Gen. 4s 1 Louis™ & Nashwilie 5s Mich. Cent. R. R 45 1940 Morris & Co. 3155 19: N. Y. Chi. & St.’L. New York Dock N.Y. Susq. d | Bon Fanas Calif Vanadium Corp. 55 19: Wabash Rwy Warner By West. N_ Y. A West. Union Ter” s FREIGHT LOADINGS. NEW YORK. September 29 (P —Re: enue freight carioadings on railroads re Porting today for week ended Septembe 26 inciuded. Week Prev. Las: Rock Isiand__ _ Southiern Pacific. sheu ake & t U. §. TREASURY NOTES. (Reported by Chas D. Barney & Co) | Bate—Mawrity Bid ofte gust 31, according to Odlum, mdlctled‘ i net assets applicable to capital stocks | of the new company to be outstanding | | were $102,159,361, equal to $17.48 a | {x.i‘ share on the common after making | provision for the preferred at $50 al | share. i Sears, 1ne 2 Some orders in Austraiia by Ameri ( only very limited auantities hive hoeen re- | The new company will be headed by Odlum. L. Boyd Hatch, an associate, will be executive vice president. They will serve on the new board with Os- wald L. Johnston, New York attorney. Gen. Robert E. Wood, president of Roebuck & Co., and Samuel Zemurray. managing director of United Fruit Co. '$1 069 684 TO BE PAID TO KREUGER HOLDERS | By the Assoclated Press. | NEW YORK, September 29.—The Marine Midland Trust Co. trustee, announced it will distribute $1,069,684 ‘ to holders of 5 per cent secured de- | bentures of Kreuger & Toll on October 15. This will result in each holder of a $1,000 debenture receiving $22.50. With this distribution, a total of $3,209,051 will have been paid to the debenture holders. MONTREAL SILVER. MONTREAL, September 20 (P.—Silve Investments 5[/2% First Mortgage Real Estate Notes Secured by new dwellings in| N.W. section of Washington. Bradley, Beall & Howard, Inc. Established Nearly 40 Years b NA. Southern Blde. A\ Drawing Equipment STOCKET‘I'J SKE rnonucmc STATIONERS DIDE ST -RN-W 1936 50th Year of Progress Money for Construction Loans and Loans on Improved Properties 52% FIRST DEED OF TRUST ONLY GEORGE I. BORGER Suceessor to the Business of JAMES F SHEA 643 Indiana Ave. N.W. Construction Loans Fl "l ll Insured Mortgages Loans up to 80% of actual valuation FREDERICK W. BERENS McLachlen Bi Phone National 8!80 e Loan Correspondent for usurance Companies FOR Brilding, hecanancing or luylu a Home INDEPENDENCE FUND DECLARATIONS OF TRUST Empire Trust Company, Trustee New York City A Living Trust Fund Prospectus on request. Slauson, White & Rowe, Inc. 305-10 Peoples Life Ins. Bldg. Nat'l 6631 Washington, D. C. 423 Calvert Building Baltimore, Md. 34 Liberty Trust Building Cumberland, Md. Property Management | @UR Property Management Department has had the experience that fits it to cope successfully with every phase of apartment house and resi- dential property management. A service rendered for a mod- erate fee. B. F. SAUL CO. 925 15th St. Nat’l 2100 Mortgage Loans