Evening Star Newspaper, October 8, 1936, Page 17

FINANCIAL, (. & 0. PLAN SPURS TRADING IN BONDS Chesapeake Corp. Convert- ible Loans Climb Sharply. U. S. Issues Mixed. 97.1103.8103.1 97.6103.5103.1 95.6103.3 102.5 811 996 976 97.6104.1 103.1 8691018 993 8781022 99.8 1935 10W.... 764 922 845 1932 low.. 458 400 646 42. 1928 high_..101.1 98.9102.8 100.5 10 Law-Yield Bonds. Noon _..112.7 Prev. day. 1127 Month ago 112.3 Year ago. 109.4 1936 high. 112.8 1936 low.. 110.2 1935 high_ 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 8638 (Complied by the Associatea Press.) Month ago.- Year ago... 1936 high PY the Associated Press. NEW YORK, October 8.—Wide gains in Chesapeake Corp. convertible loans gave the bond market a bright Jook today. Chesapeake convertible 5s of 1947 and the 5s of 1944 both scored ad- vances of around 8 points to new tops. Buying was prompted by the plan of the Chesapeake & Ohio Rail- road to pay a $1 cash extra and $2 in new preference stock on the com- mon, more than 3,000,000 shares of which is held by Chesapeake Corp. Alleghany stamped 5s of 1950 and the 88 Of 1949 were up a point or so. Gains of about 1 to 2 or more points | were scored by Allis Chalmers 4s,| American & Foreign Power 5s and Penn Dixie Cement 6s. United States Government obliga- | tions were mixed. Milan 6'2s ran up about 2 points. Other foreigns were mixed. J. C. PENNEY SALES CLIMB IN SEPTEMBER | By the Associated Press. NEW YORK. October 8—J. C. Penney Co. reported September sales of $22.529.128. the heaviest Septem- ber sales in the company's history, | compared with $18,805,972 in the like 1935 month. For the nine months ended September 30 sales totaled $166,186,998. against $145,589,921. The | company operates 1481 depariment stores in 48 States and has headquar- ters at New York Ci INSURANCE STOCKS NEW YORK. October & i# —New York Becurity Dealérs’ Au;cmionnfl Aetna Ins (1.80) _ _ Aetna_Life (60a) _ Am - Bouit_ (1a) Am Ins New Am Reins (3} Am Reserve Su Atomobile Gen Alliance ¢ 801 Gilen Falls (1.80) _ Glove & Reo Cus) Globe & Rut Sheet Ameran) xd Hanover (1 nn Y2 PFire (80a) Nor River (80a) Phoenix (%a) v Wai 1 8t Paul Fire 8a) Sorin id 14%8) o Travelers iiai- U 8 Fire (1 80\ ‘Westchester (Ia) . —Also extra or ex D!Chr!d or p-ld :An llr this year. aroy I’EW YORK SUGAB. NEW YORK. October 8 (P —Raw sugar was unchanged early today n 340 for soots. with no sales reported Fuiures were steady. reflecting the as ¢ion of the' spot market. Trading Wi still light and during the early ses confined to January at 248 and Septem- at 245 or 1 to Doints net higher. with the market at midday holding around | these levels. 'rhl ov:rmnm announcement that the A xed 1937 guotas for e Apniiiopine_Tatands a2 068 110 short tons. or about 2.719 tons below this year's quota, came in for considerable discus- l!un but it had no effect marketwise. fined was unchanged. with el refiners ;xupl one listing ai 4.75 for fine gran- ulated. but demand was siill light and | limited to nearby requirements refiner continues to quote 4.50 for No- vember-December shipment and 4.45 for | January-February shipment. FOREIGN MARKETS LONDON. October & (#.—The stock market closed with an easier tone. dustrials again being che most active. though slight fractional declines were istered under profii-taking sales and copper issues advanced while olls and gold mining securities sold lower. Gilt-edged and trans-Atlantic shares held steady and German bonds made slight sains. PARIS.—Renewed selling resulted i = aenerally heavy tone in the Bourse to- Rentes lost almost 2 franes and shares and electrical issues remained U.Ss. TREASUBY POSITION .y ne Associated Press. e position of the Treasury October 6: m Do 12.831127.67; ity Saa0 A3 balance ‘30 05 "36: the facal sear ssince Juiy 5.24. itures, $1.- 1 5 ” 310 00! xpend Omcluding 306823154098 of emerlen:y explndlt excess of ditures. $596.951.: 42875 under the nuv ious d $10.904.116.995.44 NEW YORK PRODUCE. 2: -n?lfu o carers: Boceni xed_ color pac s -mu o2 o s 2O i, : undersfldes 22230 mediums, 2312824, Other Jynchanged. steady. Creamery. ext; other butter Drices steady and unchanged. ak. No freight quota- 3, nn-- FREIGHT MADINGS NEW YORK. October 8 (P —Revenue tht carioadings on railroads reporting y for week ended October 3 is Worfolk & West._ MONEY lm‘l‘ NEW YORK. October & (h—Call money 3ml recelpts for ‘the moath, | TREASU 1943-48 52 . 11 381947 —— s 1064 . Abltibl PakPw 58 °63. Akershus 68" Alpine Mont S 78 '55_ Antioquia T8°45 A . Antloquia 7845 B___.. Antioquia 78°45 D ... Antloguia 1st 78'57 __ Argentine 63°6 Australia ¢ Australia | Austrian 7a ‘57 | Bavaria S 61;8 "45_. | Belgium 63 65 | Belglum 6%s '¢9 Berlin €8 *53 | Berlin 613560 { Berlin El Ry 6% Brazil €14s 26-'57 _ Brasil §1;38 "27-'57 Brastl 75 '62. Brazil $s *41_ | Brisbane | Brisbane Budapest 6s° u unmat couponon __ Buenos A 41,3 '76 Aug Buenos Aires 44%8-3%8'T7 Py____ | Buenos A C 3s 84 Buenos A C 634855 BuenosAC6% s'61stPy Bulgaria T}%s'68 May coupon off | Canada 2%m® ‘45 Cai Chile Mtx Bk 6% s Celogne 6138 '50 _ Denmark 6s "42 Deminic 2d 514840 Estonia 7867 | French Gov T "49_ | French Gv 7a ‘45 un st Frlnch Gov Ty s 41 French G 7% | Ger C Bk A 63 | Ger Gov 5348 65 Eaut | Ger Rep 784 | Grt CEl Jap w,- 50, i Halt! 63 52 Hcleln‘fnrlfl%l"fl._ | Hungary 7%= 44 Febr coupon o - | teaty 1882 = | Japan 6348 54 | Karstadt 6743 ct atp.. Kreug&Toll 65 '59 cfs. Mex 48 ’10-'45 asst Mex 48 '10-"45 a Mex Ire 4135 43 a Milan 6% 52 | Minas Gers 6143 58 Sept eoupon off Minas Geras 6 %8 69 Sept coupon o 57.. | New So Wales 58 53 __ | Norway 63 °¢4 | Norw Hy Elec 5% s '57 Orfental Dev 68 63 Osio 433855 | Panama 5363 | Panam: | Panama 53 Paris Or1 Ry i\n 68 Pernambuco 7s 47 Sept coupon off___. Peru July coupon off . Porto Alegre $s 61 J coupon off____ Rhein Ruhr 65 51____ Rio de Jan 6%s 58 Aug couponoff ____ Rie de Jan 83 *4¢ April coupon off ___ Rl;(il do Sul 75 "¢6 % - Rumania 78’49 Aug coupon off Sao Paulo C 8s 52 coupon oft = $a0 Paulo 8t 68 68 July eoupon off ... 830 Paulo St 7s 6 Sept couponoff ___. Sao Paulo St 85 3¢ July coupon off _ Sa0 Paulo St §s 50 July coupon off Silesia Elec 8% s 'll Silesta Prov 7s ‘68 Taiwan Elee § Tokto Basgs e Tt Ujlgawa E P 1546 Uruguay §; Uruguay Vienna Warsmw 13 '8 490,000 1.310,000 RY High. Low. Close. 104.12 10415 1. 118, FEDERAL FARM MORTGAGE. 1043 1044 1044 104.26 104.26 104.2¢ HOM! OWNEIS‘ LOAN. 101.25 101.26 1 108.16 108.13 103,13 FOREIGN BONDS. Hish. Low. b 69 Close. L) 9734 9T 3 " " L3 » ”» ™ 2 3 "% 83 u 9614 101 10034 10034 101% 10834 10134 100% 100% 100% 1007 10034 10034 . 1003 1005 1005 NN 100% 1008 100% 1033 108% 108% 1083 v 96 2445 2U)5 | 10435 108 107 Y % 2us | Cent of Ga eon 63 45 10455 10435 8y 8y 0% 8 56 Pt i 100 13 19 100 109 1095 11434 114% 14% 1434 143 1e% 4l 1aig 14 1% 148 1484 14% 14% 145 14 184 185 13% 24k 2 Yy » 275 5814 8734 9 ” 99 9914 100% 1051 0 9634 138 126 126 12334 6% 3434 254 245 3314 9y % % 106 106% 106% 495 49% 2% 324 ” »” 3 @ " g s g R LI () 17% 11% 1% 19 104 104 10455 1063 us e I 97 10035 10034 108% 1088 10534 10635 100% 101 821 8215 98y 98y 35% | Chi R 1&P gen 4s - & Dayton P&L 334860 3 _THE EVENING STAR. Wi Hish. Low. Close. sot b 573 885 4 10834 l.l 108 2% 28 ul 10436 104% "y 9 90l 1095 1099 109% 1115 111% 1115 11186 1113 111% 1143 114 114% 110% 1108 110% 11134 11136 114 2y 2 28 104 1085 108% Am Writ Paper 83%1. Am Writ Pa §8°47 ofs. Anaconds deb 4% ':0 Armour & Co ¢% AHIWNDIIH:' n'sh High. Low. Int Grt Nradj 6s'63 A. int Hydro Kl §3 ¢4 1nt Pap 18t 6847 Acee Int Pap ref 6366 IntRy of C A'68"18_.0 Int T&T cv ¢ %830 Int T&T 64863 ..o int TAT &8 ‘56 Towa Cent 1sthrfinsl James F & C ¢48°39 Jones&L Stl ¢ Kan C F 8&M 4» ’.:: KanCSorfin 10334 10814 10834 BB 8536 ABYG 10834 105)§ 10635 1095 109 109 84 B3N 83% 114856 11434 11456 % 4 MY 0B MM MK MY N MY 105 10434 104)4 108 106 108 10534 10824 106% 9935 9944 994 11834 1183 11834 122 122 122 1995 12914 129% 105 1045 1045 235 AN 834 an 8734 a6 7 2 59 Bang & Aroos ev 45 ‘51 Bell Tof Pabs'4s B Bell T of Pa 6860 C.. Both Stl ¢ %n$0af___ Medys'61J. . Bos & Me 6856 ____ = Bos & Me 6867 Boston N Y A L 48 '55. Bot Con M 634334 .. Bot Con M 634834 ct_ Bklyn Edison 5549 A Bkiyn Man Tr 65749 A Bklvn Un El 6550 Bkiyn Un Gas 6557 B Brown Shoe 3% s'60 Buft R&P con ¢ 44887 Blllh ‘Term con &s ‘56 B!-Prld Ck6%8"45.. Calif GAE rf Camag 7842 Canada Sou 6862 Can'dian N R 4%s8 51, Can’dian N R 4% s 'u 'dian N 58’69 118 l 11974 « 127% 9644 { 102% | 1044 1078 Cent of Ga rf 6% Cent I E&G b8 | i ('nu N England 43 | Cent Pae 6 (Cent P Tr Sh L 48 N Cent RR B Ga §8°37_. , Cert’d deb 5348 43 Champ P& F ¢%s"50. 1268 | 111§ nt 59 14K O Big Sandy 4w'44 o R&Alnt4ssy. Altref 33%49 _ Quen én's8__ Qa%s"1? ___ 18iv34e4 Jdivas 49 . Chi & E 1] 6851 Chi & E I11 6851 ctfs_ Chi & Erie 13t 65 '82__ ChiGL&CS58"3T . Ch) Grt West ¢s 'l’._. Chil& Lgenbs’ss . Chi Ind & L gen 8s 66 CM&StPgn3s's9 B CM&StP ¢s ‘39 CM&StP gn 4%s '8 [ TFEE] §ogsg 28 L] &P rf 48 '34 otf 108% 104% 102§ 8534 102 1095 104 9814 - 1045 1045 - 10234 102% 2585 102 102 1093 10934 10434 104 9814 98 1031 108 103 105 105 106 102% 102% 102% 107 106% 107 106 104% 104% 1088 108% 108% 11 110% 110% 8% 834 83y 9% 195 T9% 108 1043 106 1045 10434 10434 51 50% 50% 10634 10635 10634 106 1053 108 -. 106 108% 106 43 .. 101% 10136 104% 0 __. 108% 1063 106% 10434 10434 10434 6084 60} 60K 5635 56 56 107 107 107 8 Childs & Co 63 "43 CCC&St L gen 45 ’!l CCCastLrf4¢ 1B CCC&St L ref & CCC&St L ref 6s°41 C Colo Fuel & Ir Colo& So4%3'80 ___ Columbia G&E §s 52 May Columbia G&AE Cons Coal Del §i Cons E4 NY 3%s Cons Ed NY $%s='§6n Cons Pwr 3148 7 Container deb 6 CrownC&s ‘51 Cuba RR ref 7345 36_ Cuba Northn §38'42. 593 6915 135 18y 19 | n 2% 2 1654 18% 03¢ a4 1934 14 185 3 89%¢ . 101 10134 101% 364 ME S4l§ 19 19 19 19 18K 19 30} 29% 30 109 1085 10844 815 81 81 108 108 108 24 264 29 118% 118% 113% 118314 113 11814 Y% 4% 9% 10835 108} 1083 ] 81% 82 9345 98 93¢ NI 90 905 Ny 90 90k 106 104 104 103% 103% 108% 154 14 18% 143 1434 143 107 107 107 ™ ™D 102 102 102 . 10634 10615 1063 . 108 108 108 3% 92 ux UM 243 2 10834 1083 lolu 104) 104 104 Det Edison 55 '52 ... Dul 88 & At 6337 Duquesne Lt 3%s EBCuba 8 135827 ctts ETV &Gacnbs’56. Elgin J & E 5341 Erlecves’s3A .. Erie cons 45’98 Krie gen 43 '96 re, Erle xen 45 "6 __. Erieref bu 67 ________ LT T [ — Farb’ks Morse 48 "56... Fed Lt & Trac Fla EC Ry b8 74 2134 2% 50 <0 116 1373 g T ; 924 | HudsomGo G 1st §s 49 lu 494 (1"} DOMESTIC BONDS. Adams Express ¢s 47 . | Adams Express ¢s 43 . RUBBER FUTURES. WEW YORK. October & (#.—OCrude rub. W r. 2 lower to irrequiar 2 o T lerl 186.. March, 16.47: xomuu. SILVER. m 8 4»—.“'!! fu- 44 &?‘. h'". NEW YORK BAR sn.m k‘l YORK, October 8 (#).—Bar il “steady and unchanged at «!‘ 108 1023 108 10234 10234 10234 100% ¥ 100 - um nm um 10834 1051 1083 13834 12634 1283 1135 1183 1139 11044 11034 1103 A 110% 1104 1206 132 1085 108 108 16 114 114 1084 10834 1063 1063 10434 10434 110% 12044 Great N Ry ¢ Grt NRref ¢4s'61 A Grt N Rgen ¢%s"16 C GrtNRgen ¢% 178 | Manati Sug 1 | Man S 1st 1% Kan C Term Ky Cent Ry 4887, Kings County El Pw 58’37 _ Kings Co I 43 *4% Kings County Bl & Pw pur mon 6897 Kings County Light 18t 6358 54 Kinney (G R) 1%8°36 Kresge Found Lv NX 18t & Lebh V P eon Leh V Pcon 4%s 2003 Leh V RR con &8 2 Leh Val Ter 63’41 05 L & N unif 45 *40 L& N 4%82003C. | L& N So Mon 1t 48’53 McCrorv Stores §a 51 MeKess&I20b 6153 6! Me C RRclt 4845 A Me C RR gn 414 5°60A. . ‘42 . 42 ctfn Manhat Ry 4890 Marion St 8ho D.- C. THURSDAY, OCIOBER 8, 1936. BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star. Appreximate Tranmections Today. U 8 Gov't Bonds..__-. Foreign Bonds .coo-- Domestie Bonds. ... 14,480,000 Olose 1% 18 o 10 0134 101 10134 i % 814 b 803 " 9 991§ 1085 10834 mu o 80k 62 673 BT BTY | 905 901 YOy Ll 984 99 10814 10834 10834 | 1035 103} 10334 ' a6)4 965 96)5 ne 16 14| 108%4 1087 10834 106)4 10634 10834 162 162 162 116 116 118 1085 10336 10334 110/ 110 110% 1024 102 1024 4% 18345 T4 3§ 1% 2 12 31% Y 104 1045 ” 9 10434 105 8 8i{ 110% 11014 10234 10234 109 109 107% 107% 110 110 1095§ 1095¢ 9315 933§ 994 9% 104 104% 104 104 le‘i IIDI'I 84 87 87 Market St Ry 38 °¢0 . } Mead Co 63 45 Met Ed 18t rf 4158 ~HI|ER&8LSI’|I & MiIlER&SLrf 82’71 Mil & Norcon 4%s5 39 Mil Spad& N W 48°47 I Minn &S L6862 A | MStP&SSM 68 '38 gtd. MStP&SSM 634849 s - MStP&SSM rf Mo K & T 18t & MoK&T441 B MoK & T 6862 A Mo K & T ad) b8 "$T__ Mo Pac 4978 - coeeen Mo Pac6e’6b Ao Mo Pacés 1 P Mohawk & M 43°91 Monong Ry 1st ¢5°60 _ Monong Pub S 4% 2’60 Monong Pub 8vec 63'65 Mont Cent 65 ‘37 Mont Pwr ref b3 *43_ Mont Power 5862 A. Mont Tram bs 1 Morris & Co Mor &Essex 3348 200 Morris & Essex 434°65 Mor & Essex 5355 __ Nashv New E T&T 4%s 61 New E T&T 1st 58 5! New Or GNR6s S3 A New Ori PB6s'63 A_. New Orl PBEs’56 B __ New Orl Ter 18t ¢s 63 New Or T&M 4%s 56 New Orl T&M Inc5s’35 New Orl T&M 6854 B New Or T&M 63 "56 C New Orl T&M 5% s 64 N ¥ Cent 34397 N Y Central 3%s ¢! N Y Ceng gon 43 ‘98 N Y Cent gf 4%s 2018. NYCrre%ei0i3a__ N Y Cent rf 652013 ___ N ¥ Cent evéw'as NYCLSh3%s"8 __ NYC Mich C3%s°98_. NYC&St L 4%#*78 .. NYCEStL6%s T¢ A NYChi&StLés"38 N NY Stem 1st bs 'i'L._. NY S&W 2d 4348737 . NY Tel gen ¢35 39 __. NY Tr Rk 65’4 NYW&BsY Niag Falls Pw 342’66 Niag Sh6%s 50 _ Norf So 1at ref 5861 Norf & W PC&C 4s "41 North Am Co 65 *61 North Am Ed 53 5 North Am Ed 6%s 3 Nor'n Pac gen 33 2047 Nor'n Pa 97 Nor'n Pac 438 2047 Nor'n Pac 55 2047C__. Nor'n Pac 532047 D__ Nor'n Pac 63 2047 _ North Sts Pw 434361 North SP 1st 5341 A North Sts Pwr 53 '64._. Ogden L. C ¢» Ohio Bdison ¢z Ohio Pub Sve 78 '41 Ohio Pub Bve %8 %46 Ont Pwr Niag 68 ‘43 Oreg Sh L. Otis Steel 6 PacG&EIXsS1 .. PacG&E Pac RR Mo 1st Gl'll. GrtNRgenis'13C_. Green Bay 65’62 Gulf M& N & Gulf 8ta Stl 5%s s ...l'l Hudson Coa! §s 52 Hud & Man ine 53 57 Hud & Man ref §s ‘57. Il Bell Tel 3%8°70. 11 Ceat col tr 111 Cent col tr 111 Cent 45’53 111% 1115 1115 | pag TAT rf 3% 86 B T 13 ors| BAc TAT 1st 5237 10034 1003 1 AmPC otts To)g. 10y ot Par-B'way %851 . 9% 9 9 |paramount Pic s 'S5 10236 10894 10234 | Park-Lx 6% '53 ctfs. 102 102 | Penn Dixie C6s’¢1___ 56% 6734| Penn O & D 434817 __ 124 124 |Penn P& L 4%a"31... 363 38§ 36| Penn RR3%s'41B___ 83 825 83 | Penn RR3%s'70C. Penn RR con 08 1075 107% | BaAn OO Ca e Penn RR 4% 134 Penn RR con 435 *6 ol lm um 1003%| Peoria Pekin U b% w74 llhll'lll 58] ees Int RT ist rf 5a°66_. IntRTés728 . ... IntGriNresS2A... P P-r-lml:t:".fl.. 051§ 108} | Pere Marq 4%s mm}‘ lua 9434 | Pere Marg 1at §a PhilaCoba 67 ._____ | Eles Co da T % 98%| Phila & R C&lbs T3 16334 | Phila & R CAl 68 %49 31% 38 |Philippine Ry ¢s737__ s .1;( 38 | Pillsbury F1 M 6s°43.. % 3 | PCE&StLEs'T0A. n ot 1044 1044 102 10244 10134 10134 9l 951 934 964 10134 10134 121 122 10185 1224 9635 14 | So Pac 438 81 10234 103} 11234 11235 116% 11615 10134 10134 105 165 5 48} 10734 10734 10734 83 8 110 110 90 0 16 151 183 107 10674 107 10834 10834 1083 1™ 17% 17% 108% 1058 lom 106 106 {| Rio G W col 4343 A__ | Saguenay Pw 4 3 | Texan & Pac bs 71 B_. GENERAL MOTORS SALES AT 8201 K September Volume Reaom Best Mark for That Moanth Since 1929. Ry the Associated Press. NEW' YORK, October 8.—Sales of. General Motors cars ‘and trucks to consumers in the United States totaled 85,201 in September, the best for that month since 1929, the corporation re- ported today. Sales to consumers in the United States for September compared with 133,804 in August and 86,547 in Sep- tember & year ago. 3 Sales to consumers for the first nine months of 1936 totaled 1346915 a record high, and compared with 951,- 373 for the same nine months of 1935. September sales to dealers in the United States and Osnada, together with shipments overseas, totaled 19,- 268, compared with 30,152 in Seplem- ber a year ago. In September last year the sales total included some new model cars. Sales in August totaled 121,943; Sales for the first nine months totaled 1,516,092, the third - highest for the period on record, and com- pared with 1,220,182 for the same nine months of 1935. Sales to dealers in the United States in September totaled 4,669, compared with 22,986 in September & year ago. ‘The decline compared with a year ago was attributable to factory shut-downs for change-over to new models. Sales in August were 99,775. Sales for the first nine months to dealers in the United States totaled 1.260.15¢, the third highest for the period on record, and compared with /975,329 for the corresponding period last year. GOLD OUTPUT SOARS. NEW YORK, October 8 (P).—Au- ! gust set & new monthly high record | for Canadian gold production at 328.- 697 ounces, the Dominion Bureau of | Statistics . This compares with 319505 in July and 295396 in August, 1935, Migh. Low. Olose, PittskW Vanh'slA 9o} DEX 9bl4 9434 S 94M4 - 103% 1033 103% 103)5 10334 108} 8 1K T 80 79% 80 395 38y 385 Potbmac Bl Pw Pure Oli 44850 ww_. Purity Bak§s43 .. Readiag Jer C 4851, Reading R 434837 A_ Reading R4%43"97B_ Rem-Rand 43356 ww Republic Stl 44861 Republic Stl ¢%s 50 Repubiic Bul 538 54 Revere Cop ¢33 "8, Richfield Ol 6544 .. Richfield O 68 "44 ctfs. PG W Istexinés'sd. 17 us 1 98§ 98 98§ 102 101% 102 10634 106 1083 10634 10614 10634 "5 9% 10834 10856 10854 104% 10434 lu% ay “ws m 8714 37 934 oy 228 223 3% L 104 104 104 T 10335 10834 10835 St L IM&S R&EG 4u "33 36 8534 3635 StLP& NW 68’4 R AGL 1at ¢%s 3¢ Rutland RR ¢3e8 61 . StLBWgnrein's0 . StLS W 1st ter 68’52 StPKCSL4&Y% StP M&Mextbs'4s__ San A& A Passds 43, Schuleo §148°46 A stp. Seabd A L 4s 'S0 stn__ Seabd A Liref 48°59 Seabd A L rf ¢n ‘69 efs Seabd A Liad) 68°4v__ Seabd A LSn’4b A __. Seabd A L 6n°46 ctfs_. Seabd A-F1 6535 Aet_ Seabd A-Fila 68’35 Bt Bharon Stiev 438’51, Shell Unded 334361 Skelly O11 48°51 . 8o Colo Pwr 6847 A.. Sou Pacifie 3% 8’46 So Paccolds’4d . 80 Pae ref ¢s 5. 8o Pact%n’6s SoPac4us Sy 0% o1y ‘] 105 104%¢ 1045 101% um 101% 3834 0% 205 10} » 7% 18 13% » 36 Vi 108 108 s 98 10045 10035 l‘” 1083 108 So Pac Oreg ¢ %8 ™17 SoPaecS F Ter ¢s'50_. SoRygends's6 A SoRYSE"I .. 11034 1103 1105 81 8034 80% 11134 110% 11134 00 - 10434 10435 10434 100} 100 100 126 12234 126 1013 1013 1013 102 101% 102 118%5 1183 118% 104 1033 10335 10434 106 106 106 108 . 1248 124% 124% 3 T 12 10295 10234 10256 394 384 % 10635 1068 10635 116 1163 116 1215 121) 131 995 99% 99% Stand OiI NJ 3s Studebaker Texas Corp 3%s ‘51 Texas & Pac a1 C.. Third Ave 1st Third Av adin ex Sa'ét UnEIL&PE%E"S4_. UnONCal 48’47 . Un Oil Cal 63°42 A_ Un Pae33%s 71 Toc 1o loe 10434 104 10434 82% 81% 82 110§ 1104 1105 108 102% 108 1083 1083 108% 10834 108% 108% - 1123 112)§ 112 10634 1081 1063 105" 10436 104% 108 108 108 3236 32 amy 10634 10634 106)4 uz 12 nz 18 112 12K 1164 115 116 nuz uz 1z 1195 1195 1198¢ 12toam am 102 102} 1023 108% 1085 1083 11084 110 110 -. 101 10074 100% 101% 101% 1013 1043 108% 108 101 101 101 36 3K 3y 41 Tots. 3 Wash W P1st§s°39__ - 1183 115 118% 115 118 118 10434 10435 10434 1084 108 10834 1083 10835 10835 12234 12734 12334 11234 11134 1123 1083 10434 1083 120l L1934 11935 My 9N 97K 18 18§ 17% nm 1125 118§ 995 -99% 10235 1025 108% .. 108) 1083 1085 10634 1064 106 106% 10634 10634 12034 12034 12034 r Un Pae 1st 48 °47. Un Pac 43 6! Z 11634 11636 1163 10034 10035 10035 1085 1085 1083 110 110 110 Unuu RysSt L 4s"3¢ us 34%s U S Rubber 6s’4T____ Utah L& T 68’48 A_.. Utab P& L s 44 Uil P& L 685 ww.. THIP& L% 4T . Vanadium ev 'n___ Ver Sug 1st 18 *¢3 otfs VaB& P 1stref 42 'S5 VairC&Clstba 49 VaRy1st3%s°66 A Va S W 1at 58 2003___ " Wabash 434818 Wabash 1st 5a'39 . Wabash 24'68 °39 . Wabash 63°1¢ B ... Wabash 5839’ Do Wabash $%8°76. .. Wabash Term 48 54 Walker H &S ¢35 46 Walworth 48 56 ... Walworth 6s'56n____ g:i =§§i_xi i:;.;s;x_a gizey s ddz%88 * 13;!’ £ 2 Westcheater L 68 59... WPaPlstis'63 B . W Sh 1t ¢5 3061 ged._. W Sh 1st 52061 reg... West'n Md 15t ¢5°33... West'n MAS{n"1T___ Westn NY&P gn 48°43 West’'n NY&P 1stsn’31 West'n Pas 5846 A West'n Un bs 51 Weat'n Un 68760 Wheel Steal 434558 White Sew M 6540 s L I ! i guenigysizise Ll e 1 Wis Cent 1t gu é8.°¢) Wia C 1at gn ¢a 49 ot ‘Wis C8&D Trm 4s 38 WCSAD ter és'36 ata. Y'ngsta S&T 3% 8 %1 T'agatn S&T és 1o x ~F g i 1 10634 10435 10435 | Min COTTON FORECAS UP 468,00 BALE Fukral Offlcuals Predlct 11,609,000 Bales: on October ‘1 Data. By thy Arsacisted Press. ‘The Department . of to- ‘day increased its foreeast of the eot- ton crop " this’ year - 488,000 bales above the September 1 estimate, The Crop Reporting Board forecast pro- duflbnfillmmmhndon reported conditions the first of this month. During mnm. the Pederal too late to materially- help in Texas and Oklahoma.” the report sald, “but in the States adjoin- ing the Mississippl ‘River the crop was greatly improved.” ' Rains Preve Aid. The rains. were said t have halied premature openings of cotton bolls which results in decrease in yield. Favorable weather improved the erop in the Eastern part of the belt since September 1, it was said, with plants making rapid progress to offset a late start. The cotton erop in North Georgia and the Carolinas was reported still subjett to damage by early frosts, while rapid opening of the bolls was said to have exposed a large amount of cotton to possible loss from storms. The vondition of the crop on Octo- ber 1 was 61.8 per cent of a normal, compared with 72.3 per cent on Au- {gust 1 and 50.1 on September 1 this year, 640 on October 1 last year, and 56.2 the 1923-32 October 1 average. Ginaings Increase. ‘The indicated yield of lint cotton on Octobler 1 was 1869 pounds per acre, compared with 199.7 pounds on Au- gust 1 and 179.2 on September 1 this | year, 186.3 produced last yesr, and | | 169.9, the 1923-32 average. Ginnings to October 1 this year 'm reported by the Census Bureau - !to have totaled 6030.940 running | bales, compared with 4,232,068 to that date Iast year, and 4962384 in 1934 The October 1 condition and indi- cated production by States follow: el “n«“‘?‘nfiie’é’u‘l« 'mi' ion 31000 £76.000: rth Carolina, 68 W Caroitna 88 763,000 Georaia. and 1.088.000: nu 7% and 30.000: Mistour; sad 240.006: Tenn 66 xico. .600: Cdllonn- 423.600. all other States. 64 and SALES—AFTER CALL. Anacostia & Potomac 5s—$1,000 at' TTh. Capital Transit—2 at 14. Potomac Electric 6% pfd.—1 at 1103}, § st 110%, 5 at 110%, 10 at 110%, S at 110%, 5 at 1103, 2 at 110%, 10 at 110%3, 10 at 110’5, 8 at 110'5. Mergenthaler Linotype—50 at 51. Washington Gas Light—10 at 82, Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel 44 Amer. Tel Am. Tel. & Tel Col. Anacostia & TITLE lumbis. (300 Roal“Ratate (e Carpel Corp. (1.60) Lanston Mon . Ref. Wdwd. & Lot Wdwd. & Loth. v'fu xiras su':-&lu 15. 1936: B0c pald Au- ag2%e paid June 30. 1088, cent C Bid. (7). 120 s MONEY!! for Mortgage ‘Refinancing \UR modemn, tonvepient plan aseures you a low interest rate—a more con- venient method of meeting payments on principal —a longer period in which to fin- ish paying off the loan.If your mortgage is due % mature soon, come in and talkit over —no red tape er obligation. WEAVER BROS m¢ REALTORS Meritore Loom Corvapondont. Wuhac;l-n Exchange| £5:5% = ower: veal Do shivger outlet for -.«,nu und FINANCIAL. A.T. & T. Reveals 47 Underwriters To Handle Issue| By the Associsted Press. In an smendment to its recent reg- istration statement, the American Telephone & Telegraph Oo. ioday | listed “with the Securities and Ex- chue Commissior the names of 47 underwriters who will handle their offering of $175,000,000 of 3' per cent debenture bonds. ‘The syndicate will offer initially only $150,000,000, reserving $25,000,000, which will be sold to a pension fund. Morgan Stanley & Co. of New York City is the principal underwriter, agreeing to take $25,000,000 of the total. Kuhn, Loeb & Co. will par- ticipate to the extent of $12,500,000, while Kidder, Peabody & Co. also of New York City, will handle $10,- 000.000. ‘The rest of the offering will be un- derwritten by 44 other concerns, whase commitments range upward from $1,000,000 to $9,000,000. INVESTING COMPANIES NEW YORK. October 8 (P.—New York | Security Dnmr Associa! (Noon --ur-uu-u' 1 Admin Pd 2nd Inc Am Business Snrs anelas SR ! q:ugavwaboe 1939 B 19 mzsss @ soaRasnh WP DDS ox3 32 E TP S o e s o) SO SeLRRATRZ2S peasuaLisan on M HITITEY ¥ E-2d 5 e 32 & 2.. na Pung My Tovan ™% Mutus] Invest e Nation e = Nation Wide Voting - _ Y Bk Tr Shrs . = North Am Bond Tr ctfs Nor Am Tr Shares Nor Am. R Nor Am Nor Am Tr 3 k233s 3 332 CJ P wax tEEERE R 2 bRl B 4 i teed | Wellington CHICAGO IJVE STOCK. Departmen: of Alflcullun —H¢ 00. including 3.000 higher others slow. K Sood an op. Chotce. 0.5 240 50 sbockers: contivue fully sieads for the week at b.00n : better srades. 6.50a7.50 and bette: c 1] practical_tor ht and medium w Sheep. '10.00 fat Tambs active. steady proved quality copsidered: to s 50th Year X CHICAGO. October & (#) United Suates | NEW PRIOR STOCK: OFC.&0.APPROVED Board Backs Amendment to Authorize Issuance ° on Limited Basis. By the Associated Press. CLEVELAND, October 8.—The board of directors of the Chesapeake & Ohilo Rallroad has approved a pro= posal to amend the company’s charter to authorize the issuance of a new limited preference stock from time to time, The new preferred stock would be limited to an “aggregate amoubt which shall not exceed 40 per cebt of the company's outstanding stoek and surplus, including the preferenge stock so0 issued.” W. J. Harahan, president of the | company, in a letter to stockholdess, said: “It I8 anticipated that in view of the prospective earnings of the com- pany for the year 1936 and the un- distributed earnings of the past, there will be declared and paid this year in addition to the four quarterly cash dividends already paid a cash divi- dend of $1 per share.” Harshan said it was further anti- cipated that after amendment of the charter & $2 per share dividend would " { be declared, payable in new preference stock at par value and issued in a $100 par 4 per cent non-cumulative dividend series. “The management therefore recom- mends,” Harahan said, “that the | stockhoiders avail themselves of this opportunity to broaden the financial - | structure of the company at this time, when conditions afford reasonable as- ‘The board announced that a specisl meeting of stockholders would be held | at Richmond, Va., November 5 to vote ion the proposed Amendmem. ,‘ FEDERAL LAND 'BANKS: K Ociober iy l“vnl “Bank Imndsoc g ———e- HETAL mnr October & YORK. —Coop- 1 uecl.mlmc 3p0 2 Slsciae t “aflkmw" 935 Ease B eulcnuvu n R x ) .‘W. latinum atd Investments 5]/2% First Mortgage Real Estate Notes Secured by new dwellin, N.W. section of Washingt Beall & Howard, Inc.' het Nearly 40 Years thern Blds. FIRST TRUST LOANS I l Long-tenn REFINANCING . . . || Lowest Rates . . . 3-Year Con- struction Loans . . . S% %% B0SS & FH!I.PS MORTGAGE CO. Correspondent John nnm Mutual Life lns. Co. 1417 K 8t W NA 9300 lney for Ccmn Loams Loans on l-pnnl Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER Sueccesser to the Business of JAMES ¥ SHEA 643 Indiana Ave. N.W. COLLEGE GKADUATES Classes 1929 to 1934 Permanent _connection for four to six men commencing early No- vember. Preliminary three weeks' train- ing but must be willing 1o seriously peruse further ~advanced study. Adequate percentage remuneration and substantial service coi n after two years' connection. Write stating educational back- sround. including extra-curricular + activity. connection and Sxverience” Give phone number Addren Star, Box 9-K F A'IHERS rtion Mlfll e Graduates.™ Confdential ineuiries “ vited. con- * g soms who might qualify end e itling to work for success. @) Construction Loans F.H. A Insured Morigages Leans up % of actual FREDERICK W. BERENS McLechlen Build Phone National ll'!lo Iuflu Lean Correspendent for t:g_énlf Ze’cm CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR 5:% Upon completion of buildings, INTEREST COMMISSION 1% ‘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