Evening Star Newspaper, October 1, 1936, Page 17

FINANCIAE ADVANCES SCORED INBOND MARKET Corporate Issues Make Best Showing During Irregu- lar Changes. Bond Averages 20, 19, 30 #20 " Net chlnxe_l—.—“.l Unc. Un‘l’: '!oJrnc Today, noon 96.9 103.2102.9 Prev. day__- 97.0103.2102.9 Month ago.. 94.8 103.4 1021 Year ago_.. 813 993 973 1936 high... 97.1104.1 1025 1936 loW.... 86.9101.8 99.5 1935 high... 87.8102.3 99.8 1935 0W.... 764 923 845 1932 10W.... 458 40.0 64.6 42. 1528 high...101.1 98.102.9 100.5 10 Low-Yield Bonds. 112.7 Prev. day. 112.7 Month ago 112.2 Year ago-109.5 1936 high. 112.8 1936 low.. 1102 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1933 low.. 86.8 (Comptled by the Associated Press.) By the Associated Press. NEW YORK, October 1.—Although prices lacked an even trend, the cor- porate division of the bond market disclosed a considerable number of sdvances today. United States Governments were mixed, 5-32 of a point up to 3-32 lower. Principal changes in the for- eign sector were in Polish issues, which lost further ground, and in those of France, which were irregular. Loans of Allis Chalmers, American & Foreign Power, International Hy- dro-Electric, Northern Pacific, Stude- baker and Youngstown Sheet & Tube ‘were up 1 to 2 points. Polish 7s dropped about 5, while the 6s gave up 1%. Silesla Province s lost more than 3. French stamped 7s rose around 4 as the stamped 7l2s declined more than 3. Paris-Orleans 85 were down 2. = INVESTING COMPANIES NEW ¥ QOctober 1 (P —New York Beturlty “Sratere Astociation: (Noon quotations.) 2 Asked. Admin Fd %nd_Inc 19.28 Eq _Inc 3D Corporate Trust Gorporate, Trust Gen Investors roup Sec Agriculture roup Sec Automobile roup Sec Building v G §roup 8ec R Group Sec Steel Group Sec Tobacco Huron Holding Incor i1 Fvumn ng nvestors Punh Bt o2 2 o i Mardland. Puna 8uper of Am Tr jupervised Shrs ustee Stand Inv ‘Trustee 8tand Inv Trusteed * 1 Trusteed f"dumv oShrel 147 Trusteed N 1.69 wt"mllfll’l mnd - 19.39 —_— INSURANCE STOCKS NEW YORK. October 1 (#.—New York Becurlty Dealers” Association: i Aetna Cas (2a) Amer (.20a) arolina (1.2 ity of N Y (. onn Gen i d & Dep (la remen’s ka Prank ~|OsloG & E 58 '63... BONDS ON.N. Y. ly'lnh'lnlkfllh‘!h!hr. Approximate m—ufi- Tollay. U 8 Gov't Bondsee, - $1,320,000 Foreign Bonds.emaeee nmm Domuuc Bonds.ccens l.lfl,m TREASURY. High. Low. Close. 104.17 104.18 10417 94861 10225 :fifl in“fu.u e 2 '"‘“ 1016 1013 1016 l!.' l’lb-“..... 38194648 e 38 1951-56. 3% 104649 e 3148 194963 cacue 3%8 1941, e 338 1944-46___. 10810 1087 108.10 -43 Mar. 1091 109.1 109.1 109.6 1098 109.6 11211 11211 1211 43 1944-64 114. 113,81 113.31 4340 108,17 10816 108,17 %s no%n._..run 30 118.30 118.30 FEDERAL FARM MORTGAGE. 381947 cmmmmmeee 1046 1042 1046 351949 —ooeee . 10821 103,18 103.21 3181964 cmmmen. 10438 10423 10428 HOME OWNERS' LOAN. 101.26 101,25 101.26 101,26 101.32 101.26 10334 103.13 103.14 2% 8194547 e 10614 106,14 10614 1092 109, 109, %! 3% 194 n..__ Abitibl Pa&Pw 68 '63. Antloguia 78°45 A. Antioquia 78’46 Antloquia 3d 78 Antwerp bs ‘68 ___. 993 10034 10034 10034 100% 10054 10034 100% 1003 10034 10015 10084 100§ 100%4 1003 10034 10034 10034 1003g 10274 10234 102% 109 109 109 109§ 10y 109} 10634 106 106 106 10534 1ublg 113% 118% 113% Belgium 68 ‘65 - —caeue Belgium 63%s *49 Belgium 78 56 Belgium 78 '56 Berlin Elec Brazil 6% Brazil 6%8s ’81-’61__ Buenos A 443 Buen A ¢48s Buenos Aires 4%e-3%8°TT Py___. Buenos A C 6s "60 Oct. Buenos A C63%8°55_—. Buenos A 65’61 st Pv_ Bulgaria 7s ‘67 July coupon off..... Bulgaria 7%s ‘68 May ¢oupon Off eau.. Canada 2348 45 ccaaan Canada 3%8 61 caaeee 6T 615 61 695 69 6934 65% 6634 9815 98¢ 984 mon 10034 10033 0 12 10 1635 163 163 176 116 17% 1005 100% 100% 10234 10234 10234 mm 1083 mu Chile 78 Chile Mtg B Colombia 6s *61 Oct... Jopenhagen 4148 '53_. Copenhagen 68 63 ... Costa Rica 78 A "1 Denmark 6s ‘42 Dominic 1st 6% 8 40 Dominio 1st 5348 ‘43 __ Dominic 2d 53%s "40__. Finland 63°45 _ Frameric In 7%s French Gov 7 French Gov 7438 *41 Ger C Bk A 63’60 July Ger Gov b%s ‘65 st Ger Rep 78 °49 stpd- .. Grt C Ell Jap 638 ‘50.. Grt CElJap T8 '44. . ltaly 78 °51. Japan 6% "65. Japan 6348 64 Kreus&Toll 53 ‘59 cfs_ Lombard Elec 78 ’53.. Medelin 6% 8 Milan 6%s 62 Minas Gers 613, Sept coupon off.. New So Wales 68 '57.. Norway ¢%s Norway ¢3% Norway 58’63 Norway 6 Norway 63 Norw Hy Elec %8 ‘61 Oriental Dev 6%s "58._ Oriental Dev 3 0310 43855 . 10435 10434 10434 % W T T LU R 1Y 10634 10634 10634 10834 1084 10835 M8 148 18 145 140% 14034 36 363 28% 1043 1043 1043 9l 97 97 1005 1005 1008 10134 10085 10036 10453 1043 1043 105%% 1065 10634 1005 1003 100% ™ = 8 83 14 97K 91;‘ - 100} 10035 1003§ Panama 8s'63 stpas.. 67 66} 66} Panama 6%8'53_____. 105}4 10534 10634 1163 114 12 1y 12 803§ [ ® 1634 13 Peru 6361 Poland 6 °40. 7 Perto Alegre 1% 66 July coupon off____. Porto Alegre §s°61 June coupon off ... Riode Jan 6%s's3 Aug coupon off . RiodeJan 8346 April coupon of .. Rio Gr do Sul 6s 68 June coupon offt _.. Rio Gr do Sul 7s°66 May coupon off . Rio Gr do Sul 8s "46 April coupon off__. Rome 6%s8°52.. . Sao Paulo C 8s 53 coupon off. 14 1% 18% 18% s | 820 Paulo St 78 ‘56 (13 t P Ba) . n_Life u\'eEu (16) 8 Pire (1.80) ‘estchester (1 A o i U. S. TREASURY NOTES. (.“i“&'}"&n':; Chas. D_Barney & i 16-32 10 L= TR 322 ""l:;“-?- ;-5 3333 235 s AN SS90 e 3 i e S It et et -8 lul-'m o reasur ment. today's stal XETAL MARKET. Ostober 1 lflllt‘ eloetro yiic, lN‘ export. 9.77%. stea 8) n earby, uvoub mturfi." % uu Itlt Pt ek-uur 38 oRBE. y. olatinum snd wol rlllh un- Bot announzed in ool R et o 3 4 “Lion Ol Refining Co.—President stafed company has retired all dank ’mmm.m % 4 4 Sept coupon off ... ’l: Paulo St 8s '50 Silesia Prov 78 68 Sydney 63885 ... Taiwan Elec 53%s 71 ‘Tokio 638 *61 Tokio E L Ltd 6353 Ujigawa E P 78°45. . Wk “wy DOMESTIC BONDS. Adams Express 4s *48 10134 10134 1013 AbPWPés'48asst. 71 71 T 1] EEBEEEEERERES PPELEEEETT an 115 116 118 m l:“!‘l” 1 ooy ool I ;:::g" % | Chi & NW 4% 8 49 i3 Dm'olt Mll 'S5 F_. 2734 | Hoe (R) & Co 6% High. Low. Close. -+ 10034 10034 100} "9 A. 102% 102% 102% 9 A 108% 103% 1083 1208¢ 1208 1208 | Bpan %7 B 1094 1094 109§ By-ProdCk5%e'45.. 28 Can‘dian N R 4% 8 '51. 11434 11434 11434 Can'dian N'R 4348 °66. 115 1143 1145 Can'diap N 6a'69 July 1183 11834 118}¢ Can‘dian N R 68’69 Oct 12034 12034 12034 Can’dian N db 834846 128)4 128 12834 Can'dian Pdbdsverp 945 94 9434 Can‘dian Pac 4348 46. 10314 10274 108} Can‘dian Pac 4348 °60 1045 10434 1043¢ Can-dian Pac 5s44 cfs 11614 1163 116} Can‘dian Pac 6854 .. 10734 1075 107% Caro Cent con 5634 5634 56i CaroCl & 0 bs "3 10634 10634 10634 Car & Gen 68 50 ww._. 107 107 " 107 Carth & Ad 45 ‘31 na Lo 9k 92K Cent of G: ' 8134 31y 314 - 1T 17% 17% - 104% 104% 1043 Cent N England 4s*61. 69 57 69 Centof NJ ¢s’8 8435 843 8434 98} 924 93k 90)5 89 9035 . 11074 110% 110% 1015 10134 1015 .| Cent RR B GI 58°37_. 86 854 854 Cert’d deb 6348 .. 94 93% 93% Champ P& F 4% 850 10534 10b} 1053 18434 1343 134 15134 16134 0034 100 10034 2454 12434 12454 09%4 10974 1097§ Chi & Alt ref 3s 58 67% 57% ChiB& Q43487 113% 113% 113% Chi B&Q ] div 4s°49_. 112% llm 112% Chi&EIl6s51. . 24 24 Chi & B I11 68 *51 ctf: Chi & E 111 con 6s '3: Chi Grt West 48769 _. Chi Ind & Lou 48 °47._ Chi Ind & Lou 58 "47_.. CM&StP4s'89. .. ___ &8 CM&StP gn 6*' 89 C. ll E 3 | CM&StP&P adj 652000 Chi & NW gen 3148 '87 45} Chi & NW gen ¢5°87__ 47 Chi & NW gen 4537 st 46%4 Chi& NW 448 3037C. 28} .. 154 Chi & NW gen 6s 'l'l AT ] Chi Un Sta 3% '63 B. 10835 10834 Chi Union Sta 48 *44__ 1063§ 10634 Ch! Unfon Sta bs *44__ 106 106% Chi & W | con 48°53... 10434 104 Childs & Co 5343 ... 853 85 Chile Cop deb 68 *47 . 102}4 102}5 Clg Union 'nnn 58757 110 109 CCCAStLrfe%s'11 B 97% 97 CCC&St Lref 63’63 D 103 10274 > 90 108 108 CCC&StLCW&M 4s ‘91 101% 10174 Clev Short L 4338 '61_. 11134 1113 Clev Un Tel ¢%8°77_. 1044 103% Clev Un Term 68°73 B 109! 108%% 2 A 11034 110% 70 84 84 — T8 T3 Columbia G & E deb - 10534 10834 - 1047 10434 Col &H Val ext 12 ConnR& L 4% 109% 1091 Conn R & L 43 8'51 stg 10744 1075 Cons Coal Del 68'60 _ 5035 60 Cons Ed NY 3%8°46n 10635 106 Cons E4 NY 3345 °56 n 105% 10535 Consum P un 338 '65. 10634 10614 10614 Cons Pwr3%s°70 . 1057 108% 105% Consum Pwr 3% s '65. 10835 10815 10834 Container deb bs *43.. 102 101% 102 Cuba RR 6536 .__ 604 6015 6044 Cuba RRref 7348°36_. 603§ 60 6015 Cuba Northn 6%s'42_. 65 535 65 Del & Hud ref ds 43__ 87% 87 87% & Hud 6%48'37... 101 101 101 P&L 9 108 106 108 1073 10736 1073 163% 163§ 28 1% 11% 111 Det Edison 58 '52_.... 108% 108% m;f Det River Tun 43861 11634 11634 11414 Dul SS& At 58 '37_ 8115 8135 8134 Duquesne Lt 3%s'66. 108 108 EastCuba S71%8°37 _ 26 25 26)% - 26 24} 25 - -m 1123 1123 112 E1P&S W 5s’65 stp__. 111 111 lll.‘ grl. evas'SIA_____.. 93 93y 93y rie cons 4s'96______. 105 Erte gen 43 9 Erie ref 65 '67 Brie ref 68'75 29 891 893 Erie Gen Riv - 1184 118 118 Farb'ks Morse 48 ‘56_. 10815 10314 1034 Fed Lt & Trac 55’42 st 103} 103 103} Fed Lt & Trac 6s°42. 104 1087 1035 FedLt& Trac6s’54B 108 103 103 FIaECRy68"T4...._ 12§ 12 FrapSug 7%s’42c. 79 19 Gen 8tiC l% 1215 [ 89 108 ~ 10835 10y 10834 108% 104 100 s 100 40 147% Great N Ry 45°46 G. 11834 118% Great NRy 4s'46 H__ 107% 107% Grt NRref 4%s'61 A 1145 1143 1148 Grt N R gen 434876 D 105} 10535 1063 Grt NR gen 4% 77 B. 105 104% 106 gen 6873 C_. 111% 1115 11% 53%s°53 B___. 11535 1163 1153 Guif MENGS'50____ 99% 991 99 Gulf Sta 8t1 %8 42 102 1024 102§ . 84 831 8¢ Hudson Coa) 58 *6: B42§ 54lg B4l4 Hudson Qo G ln 5549 nA 128§ 1283 Hud & Man inc s 34 35 Hud & Man ref bs 813 82 111 Bell Tel 3%8°70._. 1074 107% 107% 111 Cent col tr 45 °62. 93 m( m{ - 108 108 106 %35 96 9834 109 10834 109 4%s8°80___ 10834 103)§ 10834 % 95 95 L &N Atl K&C 4855 L & N Bo Mon it ¢s 62 %8 eCRRclt 4848 A o C RR n'flfil‘“A. 38 Mob & O M div s 'I'l_ Mohawk & M 45 91 Monong Pub Sve 6 Mont Cent bs "37 Mont Pwr ref 6i Mont Tram bs Morris & Co 4 Mor &Essex 3% s 20! Morris & Essex ¢%°55. Mor & Essex 58 56 Nassau Elec 48’51 gtd. Nat Dairy 3% s '5) ww NatDisPC 4%s8 5. Nat R M 4%s ’57 ai Nat Steel 43 '66 New Or GNR 6s ‘83 A New Or & N 434862 _ New Orl Ter 1st ¢s ‘53 New Or T&M 4%s "56_ New Orl T&M inc5s'35 New Orl T&M 68 "54 New Or] T&M 6% N Y Cent 3%s "97. N Y Central 3%s 46 46% | N Y Cent 83389 Y Cent con 4s Crfe%4s2013n__ N N N N Y Cent rf bs !HI... Y Y Y Zzzzzz g 2% FERE 222 2.2.7.7, EEEEEE z EL Z NY O&W ref 4s 93 __ NY Quunl con 31;8'66 NY Rysinc 6s 65 ... NY Steam 1st 65 °47. NY Tel gen 4%8°39 NY Trap Rock 6s "4 NY Tr Rk 68 *46 stp__. 'INYW&B4Ys "6 Nlag Falls Pw 334566 Norf So 1st ref 6s Norf & W 1st 45’96 North Am Co . 104 Nor'n Pac gen 33 2011 Nor'n Pac 4897 _ ___ Nor’n Pac 4% 2047 Nor’'n Pac 582047 C.. Nor'n Pac 68 2047____ North Sts Pw ¢%s %1 North S P 1st 68 "41 A North Sts Pwr §: Oreg W RR& N ¢s Otis Steel 68 °¢1ccuaee . 101 Pac TAT rf 3 %- Pan Am P C 6 Par-B'way b Paramount Pic 68 'l Parmelee 65 '44 Penn Dixte C Penn RR 313837 A Penn RR 3%8'70 C.. Penn RR 4s’52 E. venn RR 48'63__. Penn RR 448’81 D... Penn RR¢%8'84 .. Penn RR con 4% *60.. Penn RR gn ¢%s 65 Penn RR deb 4148 °70. - 108 STOCK EXCHANGE igh. Low. Close. High. 11356 11336 1135 993 9935 995 1047 108 104 10434 104 1045 1081 1033 108) ll!( 2 9% Payment of $16.6212 a 6% 107 106% 10534 10635 3 3 10234 102}4 102 101% 1013 101% 9834 9835 98)§ 10234 10124 102}4 i 9% 9 95 964 101 10034 1005 17 116) 11635 1028 1025 102% Centrf 4%s 2013, 95} 963 3 0244 % - 11874 115% 11874 10134 10134 101% 3 30 30 1§ B13 B1% 1074 10734 10734 49% 493 49% 10734 10734 10734 1073 1073 1073 108} 10815 108} 11034 110 11034 8 85 85 2014 90 9034 W 18% 106§ 10634 10634 108% 10234 10234 18% 187 18 12055 12056 1208 10834 1081 1081 | 104 104 10834 10635 10634 10434 10434 10434 M M 813 814 814 109% 109% 10934 102 101% 102 109 109 109 1115 11136 1% 10636 1063§ 10635 105 106 105 108 108 35 36 10634 10634 10636 11335 113} 11335 115 115 115 1204 120% 120% 1 10734 10634 1073 102%4 10234 10234 7 70 10 1067 106% 10634 11034 1103 11034 101 101 104 104 104 3634 36§ 36§ 6134 60% 6115 ‘98 9T 98 72 0% 12 4 o4 Lol 1063 106 106 10234 1028 1023 1011 1008 10135 1083 1053 104 10434 081 108! 10815 10815 1081 1223 12284 Share on Preferred Or- dered by Directors. By the Associated Press. NEW YORK, October 1.—Directors of Bulova Watch Co., Inc., today de- clared a dividend of $16.63%, tepre- senting accruals to September 1, 1936, on the preferred stock. The company owns plants in Providence, Waltham and in Switzerland. Payment of the dlvldend was pa of a plan snnounced on August 24, designed to pave the way for s divi- dend on the common stock. The preferred dividend was made on shares including those represented by deposit receipts. It is payable Oewb-r 1¢ to stock of record October 9 shares deposited under the plan of u- change on of before that date. Directors have decided pursuant to provisions of the plan of exchange to extend the period within which depos- its will be accepted to October 14. The plan offered one share of common and $40 cash in-exchange for each share of $3.50 preferred and accumulated divi- dends. Directors also determined to con- summate the plan of exchange, and under it shares of common and cash will be tendered in exchange for pre- ferred on and after October 15. Washington Produce BUTTER—Range of prices” to stores gathered from wholessle Pfilen (prices fearby shippers based on Philsdeiphia en New York prlwi e-pound prints. car- 2 score) -pound prints, carton Bound printa.’ carion ori u carton t f. 0. b. Wash- o e L T Aln:ul!urll Economi EGGS—Ma. é‘l;‘t lbmlt stead: e 39: U. 8. exti [ Sysiendards. laree 33%. POULTRY—Market bare! ged prices. Fowl. col horns. “14: | roos s 178 sul mnb ewn : old gul receivers and up, 2 DIVIDENDS ANNOUNCED :lnr:e‘dw ur%}efl by the mfl'r'a“--"."dnfli Resumed. o, sk of Pay- “ Eastern Steel Prod__ Ext Warren Fdy Pipe___ Inereased. | Coliyer Insulated Wire_ 26c . Regular. 9-26 i o fl nrfl Conn Rmr at. Corn. Exc! 10-23 -30 9-38 10-18 9-28 1 10-13 10-2¢ 10-31 st Nash Motors New Jlrunllilfil 5 4 aeu-n- w-m = e SorineReId (MusET uu ey TriState Tel & Tel Co T U d ! dard 15 9 i Bitnas o Fung | Whrren R & P It 1] irocers Inc ff l'e...... --$1.50 Q 8- 2! FOREIGN EXCHANGES. tober 1 (P .—Foreign .Y?‘E’K (?tn:l ;rluln in_dollars, 11234 112% 2 10434 105 120% 120% Port: 12t 121 — 98 974 974 Phila B&W cn 587 Phila Co bs *67 Phila & R C&l 68°73_ Phila & R C&1 68 °49__ PCC&St L 4%s8'40 A__ PCC&St L ¢%8 77 C. Pitts&W Va 43’60 C Port Gen El 4348 '60__ Postal Tel & C 63’58 Pure Of) 4% ‘50 Bak 15 17 1% 915 993 9936 1025 1023 102% 105%% 10634 1068 12834 12834 1281 1065 10635 1068 4835 48} 4834 28% 28} 28% 1113 1113 1113 108§ 1083 1083 9% 95 9 961 95 98 . 1% 18 893 8834 3815 118 112% 1123 994 98% 99 8 - 84 36 - 101% 10134 10134 . 119 il 118% 1183 . 108% 10814 10834 su.uusmu'u StLRM&P68'56_ . StL-SFran4s'50 A.. St L-8 F 45’50 A ctfs. StL-S Fran ¢%4s*78__ StL-SF4%s78ctat. | ] §;°~ai§§ Bigesezy® g3 2 o |1 10474 104% 10475 ¢l ve n.rmnuru %6 A-. EHE sssziuééiflfi H11 - Eaeepiey 3 F3ztes e & = s 2 X HTEH R 3 EHHTE 00. n—Nominal —_— Atlas Corp.—Net asset value on August 31, 1936, after giving effect to proposed consolidation of Pacific East- ern Corp., Shenandoah Corp. and Ster- ling Securities Corp., was $17.48 per common share, against $16.02 on June banebs 8 Montreat ."1. New York 2159 00 {u- Yorl in Monti Tenn C &1 RR 68 '51.. ‘enn &cc-'u B 1043 1045 1045 Tean g 7 A 10035 10034 10034 - 107 108% 107 10834 1083 108) L1043 10434 108% 1063 105 108} 10834 10834 10835 1 NH I 06}4 10634 1013 1013 1013 10614 10836 10634 12134 13134 1314 9954 9954 9034 11636 1164 118% 10034 10036 1004 10834 10834 10836 10256 102 1083 1203 13054 1205¢ 10734 1073 1073 108 108 108 10536 1043 1043¢ €% 61 614 693 68)4 - 69)f 1K 146 145 10836 1083 1083 10634 1063 10636 i 9 99K 1083 1023 1083 ::K i M4 Un Pac 3%8°71. Un l’uinu-u.__ Un Paoc 486! Un Pac lltr!“ 3008 Va Ry 18t 3% Va8 W oon 6868 .o - s - 32 ® = H * ] Beaps; R HHEE 5 &3 g §igegtisgcl 35 2 & e ERppueeyyizaiing=ageshisfnag T 1 0 Total for 22 Leading Cities Shows Increase Over Last Week. BY the Associated Preas. NEW YORK, October 1—Bank clearings for the latest week were higher than in the previous period, but were under last year's total. The amount for 22 leading cities, as reported to Dun & Bradstreet, for the week ended Wednesday, September 30, was $5,547,785,000, against $6,400,652,~ 000 & year ago, a loss of 13.3 per cent. This contrasted with s gain of 5.3 per cent & week earlier. The decline this week was mainly attributable to the fact that last year's total included the heavy settlements of the first two days of October. New York City clearings totaled $3,- 492,767,000, a decline of 204 per cent from the $4,388,914,000 recorded in the similar 1935 period. The aggregate at outside centers was uofl,ouooo [y percentage increase of 2.2 over the $2.- 011,738,000 in the corresponding 1935 week. Gains appeared at 15 of the 22 cities over the heavy totals of last year. Chief among these were Cleveland, Richmond, Atlanta, New Orleans, Chi- cago, Dallas and Seattle. Total bank clearings rose $242,011,- 000 over the amount for the previous week. Between the two comparative weeks in 1936 there was an increase of $1,360,524,000. PFigures at leading cities, together with percentage gains and declines, compared with those of 1935, follow, also daily average bank clearings for June, July, August and September: (In thousands of dollats.) t. an maf 353! T ge3iguEne SALFS DEPARTMENT FORMED NEW YORK, October 1 (#—-L. O. Head, president of Railway Express Agency, announced formation of a general sales department to execute an expanded plan of sales promotion. Kinsey N. Merritt has been appointed to direct the new department. He was formerly assistant general manager, department of publicity. SHORT WEEK ADOPTED NEW YORK, October 1 (#).—The POSTURE CHAIRS STOCKETT- FISKE PRODUCING STATIONERS DIDE ST -Rl-W ehange, announced todsy. Deliveries in the | ... FINANCIAL., Net of Commercial Credit Shows Big Gain Over 1935 income for July and August of $2,214,- 042, equal to $1.40 & share on common stock outstanding on September 10. This compared with $1,260,982 for the two months ended August 31, 1935, or $1.08 a share on common then out- mndln Income for the latest period was after reserves for all losses and doubt- ful items, Federal and other taxes, but before taxes on undistributed earnings. The company’s main activity is financing sales of automobiles and other products. —_— WORLD ZINC OUTPUT DECLINES IN AUGUST By the Associated Press. NEW YORK, October 1.—World zinc production in August declined to 136,314 tons from 138,553 tons in July and compared with 121,837 tons in August, 1935, the American Bureau of lleu! Statistics reported today. to dropped 03810 tons in August from 45,553 tons in July. Zinc consumption, excluding the United States, averaged 89,211 tons in the report compiled on the basis of latest available figures for the last three months. This compared with an average of 90,807 tons shown in the three months’ repcrt issued Au- gust 28. e SUGAR MELT SMALLER. NEW YORK, October 1 (#).—The total sugar melt of 13 United States refiners from January 1 to Septem- ber 19 was 3,070,000 tons, com- pared with 3,120,000 tons in the same i week last year, the Sugar Institute | same period were 2,725,000 tons, against 2,895,000 & year ago. Inq‘uC::lrufiul.om Loans on Improved Properties 52% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER PARIS MARKETS CLOSED. PARIS, October 1 ().—Still awaite ing final passage of the franc deval- uation bill, the Bourse and foreign exchange markets here remained closed today. Investments ) First M e 5Y2% Ru Esse e Secured by new dwellings in N.W. section of Wuhm on. Bradley, Beall & Inc. Estadlished Nu g e vy T FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates . . . 3-Yeor struction Loans . . . 5% %% B0SS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Ca. 1417 K 8t NW Insured Morigages Loans up to 80% of actual veluation FREDERICK W. BERENS McLachlen Buildi Phone National 380 rrespondent tor FOR Building, Refinancing or Iuylu a Home <.—Séatt Zezm JONSTRUCTION LOANS - District of Columbia or nearby Maryland SIX MONTHS INTEREST COMNMISSION 1% TO ONE YEAR 5:% Extensions at a lower inter- est rate for any term up to 20 years may be arranged. H. L. RusT ComPANY 1001 FIFTEENTH STREET NATIONAL 8100 BENJAMIN HARRISON WAS PRESIDENT of the United States when the National Permenent Building Aseo- clation threw open its doors for business. Although the city of Washington still retained a great deal of mid-Victorian influence, it was apparent that @ modem city wes 200n to develop, and vast new sections opened for building purposes. During the 46 years, the National Permanent has constantly served the home owners of this community. buy their homes. It has refinanced existing trusts and provided It has helped many to funds for the improving and rehabilitation of sound property. Through the years, the National Permanent has invited the savings accounts of many hundreds of thrifty Wuhmmnhu, starting eccounts with the minim record of the Association (payable continwous. Natu 1o those who ha m of owr 47th -dt tent ,.a.e"'.?.".:.m”"n."} which the National Permanen! mmmxmum W”WN w. il. To u- um emount of $1 April 1 and Oct. 1) has been gratofel .'nn."".:’. ¢t Building Asse- NATIONAL PERMANENT Building Association ox oo+ $508.913.10