Evening Star Newspaper, October 29, 1936, Page 17

BONDS REGISTER SIZABLE GAINS Industrials Up Moderately. Rails Rise Fractions to Point or So. Bond Averages .u Kndu: Um !!)rn Net change. .1 Unc. +.1 +.2 Today, noon 96.8 103.9 102.5 Previous day 96.7103.9 102.4 Month ago-. 97.0103.2103.0 Year ago_... 81.3 99.9 985 1936 high... 97.9104.1103.1 1936 low. 8691018 993 1935 high... 87.8102.2 998 1935 low.... 76.4 922 845 655 1932 [OW.... 458 40.0 64.6 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. Close ....112.6 Prev. day. 1126 Month ago 112.8 'Year ago__ 109.3 1936 high_ 1129 1936 low.. 1102 1935 high. 110.7 1935 low.. 107.9 1928 high_ 1044 1932 low.. 86.8 (Comptled by the Associated Press.) 70.7 70.5 69.0 68.7 12.0 67.6 704 By the Associated Press. NEW YORK, October 29—The bond market came forward with siz- able gains today. In the final hour industrial issues stood moderately higher and low and medium priced rails were fractions to a point or so better. Allis Chalmers 4s gained more than 5 to star in the convertible bond | list. Alleghany stamped 5s, Baltimore & Ohio 4':s and Chesapeake Corp. 5s were up a point or more, while North ‘Western 43;s and “Katy” 5s added major fractions. ‘Walworth 4s resumed their recent forward movement with an advance of about 113, United States Governments were generally higher, with gains to 5-32 of a point. Several declined 3-32. LOANS TO BUSINESS AND INDUSTRY CLIMB B the Associated Press. NEW YORK, October 29.—Loans to business and industry by Federal Re- serve members in leading centers rose again in the latest week to a new high for the recovery movement. Expand- 1ng industrial activity and the normal | Fall improvement in trade have caused the steady upward pressure felt re- cently. Analysts point out the biggest per- eentage 'gain recorded in the past month occurred in the South, particu- larly Atlanta, where “other” loans jumped 10 per cent. The movement of cotton to market and its handling are said in financial circles to underlie this trend. “Other” loans of Reserve members in 101 cities, reported by the Federal | Reserve Board, compare as follows: Week ended October 31__$4,044.000,000 Previous week 4,018,000,000 3,343,000,000 RAIL MAKER—S FORESEE SHARP RISE IN ORDERS | BY the Assoclated Press. | ¥ CLEVELAND, October 29.—Daily Metal Trade said: “Rail makers Jook for a sharp pick-up in demand during the coming month, in view of the fact that the present price has been extended from October 31 to | November 30, with deliveries available until March 31.” The publication said a number of railroads “are understood to be qQuietly negtiating for tonnage.” . CHICAGO GRAIN B the Associated Press. CHICAGO, October 29.—Selling that was attributed chiefly to recent buy- ers took wheat prices to lower levels today from start to finish. One bearish factor was a trade fore- cast that the exportable surplus from the present wheat crop in Argentina would be possibly 90,000,000 bushels more than from the last crop. Another | weakening influence was that the Liverpool wheat market today showed in some cases 3 cents a bushel over- | night tumble. Wheat closed weak, !>all{ under yesterday’s finish, December, 1.14%ga 15; May, 1.13a1.13%5; corn, unchanged to 17 lower; December, 93%4a7g; May, 89%a%; oats, J5al; off, and provisions | at 2 cents setback !o an equal gain. | WHEAT— Open ; Clese;, | December- 1.14% EE “ | pats | fifia: 4074 A1t 3872 January_ 5 Chicago Clsh Market. Cash wheat, No. 1, hard, 1.22; No. 2, hard, 1.19%; No. 1, mixed, 1.19%; No. 2, mixed, 1.17%; corn, No. 5, mixed, .96; No. 1, yellow, old, 1.09%2a 1.11; No. 2, yellow, 1.04; old, 1.09%:a 1.10%5; No. 3, yellow, old, 1.09%; No. 4, yellow, .972.99%; old, 1.09%; No. 5, yellow, .95a.97%; old, 1.07%; No. 2, white, old, 1.12; No. 3, white, 1.02; No. 4, white, .98a.99%; No. 5, white, 971,8.98; sample grade, .83a.941>; oats, No. 1, white, .45%a.46; No. 2, white, 43%a45; No. 3, white, .42%: sample grade, .412a.42; no rye; soy beans, No. 2, yellow, 1.24%; barley feed, .65a.83 nominal; malting, 1.00a 1.45 nominal; timothy seed, 5.50a5.75 hundredweight; new, 5.25a5.50 hun- dredweight; clover seed, 22.00a29.00 hundredweight. Liverpool Wheat Prices. LIVERPOOL. October 29 (P.—Wheat futures closed weak. Hl‘h ln' FOREIGN EXCHANGES. NEW tober 20 (™ —Porelsn chmfy?nkxxfliagllzt Britain in dol- "Erea 'fi'nmn—-nemna 4804 .89 60-day bills, 4. svl Hemand. 4030 cables. 4058 Deand. 52015 lreel. 4 : cables, an bles. 5 2615, & Toklu : Hon lgu clhy. onlrnl )n New \'ork 1 10.03% llon real. 99.96° BONDS ON N. Y. By private wire direct to The Star, Approximate Transactions Today. U S Gov't Bonds___-. Foreign Bonds_______ Domestic Bonds. TREASURY. Higzh. 104,16 10219 10118 101.4 102,20 2% 81945-47 oo 28,8 1948-51_____ 238 1951-64—__. 2%,8°56+59 . 278 1955-60 _ 278 1955-60 Teg - 38 1946-48 331951-65 3345 1946-49 eme [T 77— 1940-43 Junt 33:8 1941-43 Mar 338 1943-47 _ 338 1946-56 45 1944-5 418338104345 41,5-3% 5 43-451g 418 1947-52 4% 1947-52 reg. FEDERAL FARM MORTGAGE. . 1045 1041 103.18 103,17 103.18 1,200,000 1,360,000 - 10,470,000 Low. Close. 104.12 104.16 102,19 102,19 101,18 10118 1012 1013 102,18 102,20 102,15 102,15 106,8 106.6 104,30 10431 106,28 107, 108,28 108.28 108,9 108.11 107.81 107.31 108.29 108.29 108,31 108,31 112,17 112,17 1149 11411 108 12 108,13 1089 108.9 118.29 1198 119, 119, HOME OWNERS’ LOAN. 2%s 1942-44. 2%81939-49__. 3371953 _ 108.9 FOREIGN BONDS. ADbitib] Pa&Pw bs ‘63 Adriatic Elec 7352 Akershus 68’63 . Antioquia 7s 45 A. Antioquia Antioquia Ts 45 Antloguia 1st 7 Antioquia 24 7s" Argentine 53s " Argentine 6s ‘58 B. Argentine 6s '59 June. Argentine 6s '60 May. Argentine Argentine Argentine 6s 61 May_ Australia 4%s ‘56 Australia 68 '65__. Australia 58 67 —memeemr Austrian 7857 Belgium 65 ‘65 Belgium 63%s 4 Belgium 78 ‘55 Berlin 6s 68 Brazil 8s *41 Budapest 6362 unmat coupon on Buenos A C 38’84 ___ Buenos A C 6148 ‘55 Buenos Alres 4% 5-45s'76 April_ Buenos A 4%s 76 Aug Buenos Aires lhs-3%8'TT PV____ | Canada 4s°60 Canada 68 52 Chile 63 60 Chile 6s°61 Jan Chile 65°61 Sep Chtile 68 62 __ Chile 6863 Chile Mtz Bk 6s Chile Mtz Bk 6%s Chile Mtz BK 63% Colombia 6s ‘61 Jan Colombia 65 *61 Oct - ‘openhagen 414863 __ Copenhagen T 58 54— Cuba 58°14-"45 __ Cuba 5%s "45 | Czechoslovakia 8s 62 Denmark 4%s 62 Denmark 5%s ‘55 Denmark 6s *42 _ Dominic 1st 538 "42_ Dominic 2d 6%s"40__. Finland 6s*45 French Gov 7 French G 7%s’4luns Ger C Bk A 6538 Ger C Bk A 6s 60 July Ger C Ag Bk 6860 Oct Ger Gen Elec 65’48 __ Ger Gov 54 '65 st Ger Gov 515 '65 un st Ger Rep 73 '49 stpd _ Ger Rep 49 un st Greek Gov 63 68 pt pd | Greek Gov 75’64 pt pd Helsingtors 635 '60 Hung Con M 7%s *45 unmat couponon._. Italy 78 ‘51 1tal P U Crd 7s %63 _- Japan 6158’54 o Jugos Mtg Bk 7857 unmat coupon Kreus&Toll bs ‘59 cfs. Medelin 6%8 ‘54 Met Wat 516850 ____ Mex 45 ’10-’45 asst Ige Mex 45’10’45 asst sm Mex 48 "54 asst Mex 55’45 asst Ige_. Mex 65’33 asst sm Milan 6%s 62 Minas Gers 6%s ‘58 Sept eoupon off Minas Geras 6% 8 59 Sept coupon on ew So Wales 55 57 New So Wales 58 68 __ '.'ord Ry 6% Norway 4% Norway 41s ‘58, Norway 6s ’63 Norway 63’43 Norway 6s 44 _ Norw Hy Elec 5%s '57 Nuremberg 6s ‘52 5 Oriental Dev 5%s "58 { Oriental Dev 6s '63 . Oslo 4% '66 08lo G & E 58 '63_. | Panama 5563 | Panama 6s *63 stp a. Paris Orl Ry 5%8 Pernambuco 78 *47 Poland 78 47 ceecaeee. Poland 8s 50 Prussia 6s'52 Queensiand 7s'41____ Rhein Main 7s *50 __.. Rhinelbe Un 7s '46 Rhine W EI P 7s '5 Riode Jan 638 ‘63 Aug coupon off Rio Gr do Sul 65 '68 June coupon off __. Rlo Gr do Sul 7s ‘66 May coupon oft Rio Gr do Sul 8s *46 April coupon off___. Rome 6345 '52 _—— Rumania 78’49 Aug covpon off Sao Paulo C 6%s 67 May coupon oft ___. Sao Paulo C 8s 53 coupon oft Sao Paulo St 68’68 July coupon off ... Sao Paulo St 78 40 .__ Sao Paulo St 7s 56 Sept coupon off __.. Sao Paulo St 8s '50 July coupon oft Saxon St Mtg 6%s "46. Serbs 7862 unm c o ‘62 Mayco. Westphal El P 6s 53 o8 74 994 4 - 101% 4% %5 7214 1083 1143 et 14% 163 14% 165 14t 138 1314 134 213 211 9534 1003 - 100% 5519 9635 993 101% 68 KL 9934 104.4 101.22 101.22 101.22 101.28 101.20 101.22 108.6 103.9 High. Low. Close. 68 74 9914 984 9 4 [ 8% 101% i 1023 101% i 101% 102 §101% 102 102 1024 110 110 9614 514 1084 1081 114 14% 14%% 14% 140 148 14%% 131, 134 134 21% 2144 9524 1002 1008 6614 96% 9934 1007 107 114 24% 25% 31 3084 3084 ELE 201 b7 101% 4 374 2% 108%; 1143 14% 14% | 143 1445 14% 14% 184 1334 | 1344 21y 215 954 10034 1004 5534 9634 999, 1007 1057 75 % § 106% 1 104% 23 81 6875 983 2974 4y 934 934 i 104% 8% bly 5 81 K 67 16% 16% 104% 106 108% 9014 1013 10114 10684 105% 10134 24 6% 813 993 1005 % 6634 10434 16% 12% DOMESTIC BONDS. Adams Express ¢s 47 AlaGrtSo '3 Ala Grt So con 5843 . Alb P W P 6548 asst. Alleg Corp bs 44 Alleg Corp 68 49 Alleg Corp 68 50 stp . Alleg Valley 48’42 Am Icecv 68°53 . Am1GChE% Am Intl 638 ™ 102 - 108 J02 108 13134 um 37 303 313 a 25% 243 32 2 213 2% 104% 23 s1 6924 98% 293¢ ay 934 1043 | 5% 5% 6% 8% 7 68 16% 16% 10434 105 1083 993 102 1013 106854 106%4 1013 2 763 813 9934 100% % 6634 10434 12% 102 108 1134 1134% 11834 7% 16 6 10134 1013 10134 98l 9% u8l4 67) 6ble 67 1% 85 185 kid 85 1115 1113 1113 m m 1Y% 85 110% 110% 110% 10634 10534 1064 Am Roll Mill ¢%s 5749, 1263 12136 1285 MLLNO“ ( FINANCIAL. . HE EVENING. STAR, WASHINGTON, D. C., THURSDAY, OCTOBER 29, 1936. 2 AmT&T4%s"9 . Am T & T deb 68 "85 AmT& T 6%8"43 Am T F 3%s- s. Am Wat Wks 6s "li — Ar Writ Paper Am Writ Pa 68 47 ctr Anaconda deb 4%s '60 Armour & Co 4% Armour(Del)1s Armstrong C'k A T&S Fead) 4 Atl Coast L clt 4562 AuCLunt%s Ati Coast Line 63 5. Atlantic & D Atlantic & D 24 AtIG & W ) b8 ‘69 Atl Refining deb 65’37 B&O I8t 4548 B&O 4%s 60. Bhoutbu'fl - ‘95 Acceen B & O Swn 68 ‘50 B & O Toledo Bang & Aroos 4s Bos & Me 68 *67 Bot Con M 6%s 34 Bklyn Edison 6 Bkiyn Man Tr 68" Bklyn Un Gas 6s "4 Bklyn Un Gas 6567 B Brown Shoe 8%s Buft R&P con 4%s '67 Buft R&P cnd4 %867 rg BCR&Ncl563’34 Bush Term con bs '65 Bush Term Bldg 6s '60 By-Prod Ck 68 '45__ Calif Packing s '40.. Camag is "4 et Canada Sou 68 ‘62 Can'dian N R 4%8 ‘51 Can'dian N R 4%s "56. Can'dian N R 4%8 67. Can'diap N 58°69 July. Can'dian N R 68’69 Uct Can‘dian P db 4s perp. Can‘dian Pac 4%8 '46. Can'dian Pac 4%s ‘60 Can‘dlan Pac 58’44 cfs Candian Pac b Caro Cent con 45 *49 Caro Cl& O 65’52 A_ Car & Gen 55 50 ww Carth & Ad 4s 81 gtd_ | Cent of Ga con 65 *45 | Cent of Ga 65’59 C___. Cent [11 E & G 68 ‘61 Cent N England 4s *61. Cent of N J gen bs '87. Cent Pac 18t rf 45 *49. Cent Pac s ‘60 | Cent RR B Ga Cert’d deb b | Cherap Cev b | Chesap Corp 6847 | Ches & O 3%s ‘96 D. Ches & O 3%5'96 E._. | C& U gen 43489, C& O con 6539 Chi & Altret 38°49___ Chi B& Q4%817 | Cni B & Qref 58 Chi B&Q ) div I Chi & E 111 6 | Cm & E 111 Chi Grt West 4 Chi Ind & Lou 58 "47 Chi | & L gen 6s '68 Chi Ind & L ref 68 Chi Ind & L gen 65 '66. Chi Ind & So 45 '56 CM&SUP 4589 CM&StP gn 4%8'89 C CM&StP 41;8'89 B CM&StP 4%5'89 CM&StP b8 ‘16 CM&StP&P ad) 632000 Chi & NW gen 45 '87__ Chi & NW 43482037 Chi& NW 4155 2037C Ch1 & NW 4% 849 | Ch1 & NW 4 %857 Chi & NW rf 63 2037 C&NW Nr W G%n 36 Chi R 1&P 1 4 | Chi R 1&P rf Chi R 1&P gen 45 Chi R I&P 4s'88 ct ® 52 37 Chi Union Sta 68 "44.. Chi& W Lcon 48’52 Chi& W Ind 4% 2. Childs & Co 63 '43 Chile Cop deb bs *47 Cin Leb & N 48’42 Cin Un Ter 3%s8 D CCC&St L gen |CCC&St L rf ¢ CCC&St L ref bs 63 D CCC&StL StLdv 45’90 Clev Cliffs Ir 4%s '60_ Clev Short L 438 61 Clev Un Tel 4%s'77 Clev Un Term 58'73 B Clev Un Ter 6%s 72 A Colo Fuel & Ir 65 '70_ Colo & So 4%s "80 Columbia G & E del 63”52 April Columb 52 M: Columbia G&E b Colum RyP &Lt 45’65 Com Inv Trust 315851 Cons Ed NY 3%s8 56 n Cons Gas N Y 4%s ‘61 Consol Oil 3%s 51 Cons Pwr 3%s 'T0._. Container 6s '46 Crane Co 3%8°5 Crown Will P 6 Cuba RR ref ’I%l'flfi. Cuba Northn 6%8'43- Cumb T&T 5837 Del & Hud ref 4543 __ Del & Hud 6% ‘37 Den & R G con 45 36 Den & R G 4%s 36 Den & R G W b8 ‘66 Den & RGW 6865 Den & R G ref 68 '78 Des M & Ft D 48’35 cfs Detroit Edis Det Edison 4% DulSS & At bs Dugquesne Lt 3% ECuba S 7%s "37 ctfs st Ertecv4s’63 Aoeeee. Erfegen 45’96 ef 65’67 Brie ref 58 76 —mceeeee Fed Lt & Trint 6s’42. Fed Lt & Trac 5842 st Fla EC Ry 4%859.. Fla EC Ry 68°74._ Fla EC Ry b8 74 ctfs. Fondal & R 2s-48 ’82 ctfs___ Fran Sug T%s "42_ Galv H& H 6%s '38... Gen Cable 6%s Goodyear T&R 68 '67 Joth Silk H 68°46 ww Gould Coup 68 °40 __ Great N Ry 48°46 G__. Great N Ry 4846 Grt NRret ¢%s’61 A GrtN R gen 4348*76 D Grt N R gen 4% "7 B. GrtNR su-'n’ B Gulf Sta St1 5%8 43— Hudson Coal 65 52 Hud & Man inc 68 °57- Hud & Man ref 5s ‘57 111 Bell Tel 3%8'70... 111 Cent 8%s 62 111 Cent co) tr 48 '62-—. 111 Cent col tr 11 Cent ref 48 11 Cent 4% 5 '66. e 111 Cent ref 6s *55 - . 11l Cent Lou 3% 53 - m Cent W L 1st 48’51 ICC&StL N O O'bfll STO 0 142 . 1175 Consum P un 3%s '65_ 1 Hack Wat 1st 48’52 ] CK . Close. 12K um 1113 1113 111 111 ns 1125 2% 162 142 1105 1105 1104 573§ 67 67 6T 6T% 674 106% 10634 10614 104% 108% 104% 993 wol4 9vH 1063 10634 10634 1094 10934 10934 110 110 110 118% 114 14 106 106 1021024 963 96% 9315 943 1083 108% 6134 6134 56 54 84 85 103 103 10814 10834 80% 813 116 116 91k 9134 9034 903§ 90 90 101% 10134 1043 104% 105 106%4 913 97% 109 109 11434 114% 1204 120%4 105" 1063 81 81y 86Y 86Y 8535 8634 27% 27T 1023 108% 10855 10344 1214 121% 10934 1094 10834 10635 sl v2 8% BTl 20 24 61 67 56 54 100 100 104 104 213 zlig 1174 117% 1183 11 14 1144 11334 1133 | 17 1% 11934 11935 9614 96by 10315 1031 | 10435 104}y 116 116 10734 107§ 60 60 111 111 10535 1064 92 92 3283 82% 1734 1734 10434 104% 85 66 93% 934 111y 1115 10135 10134 9045 9034 v28g 923 182 165 173176 997% 99% 4974 100 125 125 § 109% 10995 4 - bbby 5Tl 185 1134 116% 116 101% 104% 105% 97K 109 1143 12034 1083 813y 87 8614 2734 1084 1087y 1215 10814 1063 w24 2¢ 1143 1144 113% 17% 119% 9634 10344 104% 96y 87 109 1054 1063 103 103% 868 6% 101% 10124 108 1083 106% 107 106 105 6 96 1031 108% 1023 1025 106% 106% 12 12 1043 105 1073 108% nz 112 824 8234 84 106 105 106 105% 4 10434 1043 107 1073 104 104 1063 10634 10744 1073 9985 993 1063 1063 1064 10634 105 105 993 9934 103%; 10335 605 6035 64 64 653 653 553 b63 1004 1003 8914 8944 10255 101% 3385 833 343 844 193§ 1934 18 183 30 30l M 11074 110% 108% 603 6434 65% 5% 100% 89% 101% 38% 3434 19 183 3034 % 110% 1165 8534 108 31% 1043 9134 908 8814 88 102% 108% 743 1614 164 434 82% 97 85 108 3014 81 10434 10434 9034 91% 9034 90% 88 88l 87% 88 1023 1024 1033 103} 434 T4k 16% 161 1634 16% 86 108 108Y4 108} 108 1203 1073 108 114% 11434 INK 106% 10634 1 10436 10436 mk 116% 1163 116% 128 12% 100§ 993 99 104% 10434 10434 | o, 1023 1023 102 109 90 8315 833 10214 102} 102} 1023 1024 10236 56 56l 34 83 B4 82% 82 82 108! 10835 108} 81% 813 874 923 924 92% 88y 88} 883 93l 93 933 88} 8234 8214 10434 10434 1043 10234 10235 10234 l.!( 98% 98% 86} 863 | Pitts&W Va4%s’69B 94 94 “ nmmu-u. nnnxnn 8 11634 11634 | A 8635 | Phila Co bs '67 EXCHANGE High. Low. Ind 111 & Towa 106 106 xos ind & Loutsv 4 8 48 48 Indianap U R 3% s '86. 104} 10414 104% Inland St13%s°6] __. 105} 106 106 Int R T 18t rf 68 °6 98 98 5015 61 4T3 4635 4635 9214 923§ 92 97 97 97 . 1641 164 164} 133 18% 18k 61 66 66% 78 18 18 i mu xo:u lw,fl Interlake 6s '61 Int Cernent 48 '45. [nt Grt Nr ad) 6 int Hydro El 6 Int T&T cv 4%s '3 Int T&T 4%8°62 Int T&T 6865 Towa Cent 1st&rf4s'51 James F & C Kan C F S&M Kan CFS&M rf 4s'36ct Kan C So 1st 8860 __ Kan C Sorf in 6860 Kan C Term 1st 4560 Keith 6s ‘46 Kendall 6% Kresge Found 4s "45.. Laclede Gas 65°39._. Laclede G 64863 C.. Laclede G 6%8'60 D _ Lake S&M So 3%s *97. Lautaro Nitr 6s 54 .. Leh C&N 4%s'64 A__. Leh C&N 4%s ‘64 C. Leh Val Coal 63 ‘6 Leh Val Coal 68 '64 ... Leh Val Coal 687 Leh Valley Har 6s ‘6 LVNY 44840 gtd.. Leh V P con ¢s 2003__ Leh V P con ¢3%s 2003 Leh V RR con bs 2003 Lex & E Ry 65 '65 Ligg & Myers b Loew's 3158 ‘46 Lorillard 6s51.. La & Ark 6s '69 L & Nash 3 %8 200, L& N 18t 452003 L & N unif 4s *40 . L &N 4%82003C McCrory Stores § McKess&Htob 6% Manati Sug 7%s ‘42__. Man S 1st 7%8'42 ctfs Manhat Ry 4s 'S0 ctfs. Mead Co 65 "45.. Met Ed 18t rf 4368 65. | Mich Cent 440 rg 111% 101% 7334 1234 10534 8014 104% ur 14 1013 1013 78 183 7234 2% 106 106% 304 30y 10455 104% 1087 103% 80 80 T4 2% 18% 10334 108% 102% 103 70 24 71 1 8634 873 12634 12634 126 99 128 983 i 964 i 1024 10874 10745 104% 51 MIIER&S L b MilER&SLrf 6871, Minn & S L rf 4549 MStP&SSM cn 48 '3 MStP&SSM bs 38 gtd. | MStP&SSM 514849 __ | MStP&SSM rf 65 46 A Mo 111 68 69 MoOK&T1 = MoK &T4s'62 B____ MoK &T4%s'78. . MOK&TES 62 A Mo K & T ad) bs 67 Mo Pac 4875 __ Mo Pac 5865 A. Mo Pac 6565 A ctf: Mo Pac 68’17 F Mo Pac 55 *77 F ctf. Mo Pac 5818 G Mo Pacific 68 80 H_. Mo Pac6s'811 . Mo Pac 5881 I ct Mo Pacific 534849 A. Mob & Ohto 4%5°17__.. | Mob & Ohio 65°38 __ Mob & O M div Monong Pub S 4% Monong Pub Sve 6s'65. Mont Pwr ref 68 *43__. Mont Power 65 '62 A__ Morris & Co 4%s'39__ Mor &Essex 3148 2000 Morris & Essex 43456 Mor & Essex 58 '55.___. Nashv C&St L 4818 __ Nassau Elec 48 51 gtd Nat Dalry %8s '51 ww NatDisPC 4% NatRM1 NatR M 4s | New Jer P&L 418 '60. New Or GNR 63 ‘83 A New Orl PS6s'52 A . New Or T&M 4148 '56. | New Orl T&M inc5s'35 New Orl T&M 58 54 B New Or) T&M 5%s '54 N Y Cent 314897 N Y Central 3%s 4| N Y Cent con 98 ___ N Y Centrf ¢%s2018. NYCrf4%s2013n__ N Y Centrf5s2013_.. N Y Centevésas .. NYCLSh3%s - NYC MichC3%s"98_. NYC&St L 4%48°78 _ NYC&St L 6%s 74 NYChi&StL Y - ¥ NY NH & Hcv 6848 NYNHGE&H Cons Rys 48’54 ____ NY O&W ret NY Putnam 4s"93 ___ NY Queens con 3%8%65 10791 107)§ NY Rys inc 68 65, 63 NY Rys 6565 A. NY & Rich G 6s '51. NY Stem 1st 68’51 NY Steam 1st 6s * NY S&W 2d 424s°37__ NY S&W 1st rf 68 '37_ NY S&W gen 5340 NY Tel gen 4%s"39_... NYW&B4%s46 Niag Falls Pw 3% 3°66 Niag Sh 6% '50 Norf & W 1st 45 '96. North Am Co 6s "61 North Am Ed 53 69 C_ 10734 10734 106% 1063 10834 108 3 83 91 89y 68} 6819 10974 109% 16 16 10734 1073 108 103 120%% 120%% 10634 1053 106 105 . 103% 108% Nor'n Pac gen 3s 2047 803 8014 80% Nor'n Pac 48'97______ 109}5 10415 109 7. 10135 101% 1013 1094 1093 10934 1083 108 108 11235 11234 11234 10734 1073 107% 106% 106 106 105% 1053 1063 3335 331 833 106} 10674 106% 12 112 112 1128 1128 112% 1145 114k 1143 1123 11235 11234 12035 12034 12034 107% 10734 107% 10234 102 102% 10634 10634 10634 110 1093 110 10034 1003 1003 1045 104} 10434 10054 10034 10034 895 4134 9% 41 643 643 98 98l 4% % 963 99 10634 10634 10634 10134 10134 10134 116% 11634 11634 106 104% 104%5 10934 109}4 109} 1093 109 10934 1213 12136 12134 11134 1113 11134 106 106§ 106 19 119 119 lliu 1143 INK 7 Nor'n Pac 6s 2047 Nor’n Ry(Calif)5s '38. North Sts Pw 4148’61 North S P 1st 5841 A Ogden LC4s*48_____. Ohto £dison 4s '65 Ohio Pub Sve 7s *47 Ohio Pub Sve 7348 *46. Ont Pwr Niag 5s'43 Oreg RR & N 48 "46. Oreg Sh Line b5 "46 Oreg W RR & N ¢8'61 Otis Steel 68 "¢1..aome PacG&E3%s"61._. Pan Am P C 6540 ctfa Parm Broadway 3s'55. Paramount Penn P& L 4%8'81__ Penn RR3%8'70C__ Penn RR con 4848 renn RR 4863 Penn RR 4%s 81 D Penn RR 4% Penn RR con 43 *60_. Penn RR gn 4%s '66_. Penn RR deb ¢ 70. Penn RR gen 68 '68 People G L&C rf 55'47. Peoria & B 18t 4840 __ Peoria & E inc 4890 Pere Marq 18t 48 56 Pere Marq 4%s'30 __ Pere Marq 15t bs "66... 101% 101% 106% 106 105 106% 10634 10634 104 1033 104 107 107 107 8% 4T 48Y 28 214 27% 26 4% 24% 118% 118 1183 11234 1123 1123 11275 112% 112% 107% 1075 107% 1193 11934 11936 9534 Phila Elec Co 48 Phila Elec Co 4 Phila & R C&168'73_. Phila & R C&] 63°49.. Philippine Ry 4s '37__ PCC&St L 48 *45 D PCC&St L43%8'40 A__ PCC&St L 4%5’42 B PCC&St L 4%8"77C PCCASt L6810 A. . Pitts&W Va 434858 A 9534 9634 Pitts&W Vi 4%3°60C 9 9% 8 44 | Richfield O 68 "44 ctfs. 68% | So Ry gen 68 |LEAD AND COPPE QUOTATIONS SOAR Former Hits Peak Since 1930, While Export Red Metal Climbs Again. BY the Assoclated Press. NEW YORK, October 29.—The price of lead was boosted to the high- est level since 1930 and export copper reached a new five-year top under a further wave of buying in metal mar- kets today. Lead was advanced $2 a ton by St. Joseph Lead Co. and American Smelting & Refining Co. The former named 4.85 cents a pound, New York, %|and 4.65 cents, East St. Louis; and the latter, 4.80 cents, New York, and 4.65 cents, East St. Louis. These prices, metal authorities said, were the highest witnessed since De- cember, 1930, when the market was 5.10 cents a pound, New York. Foreign buyers were renorted to have paid the equivalent of 10.25 cents market, the highest recorded since March, 1931, It was quoted at 10.15- 10.20 cents yesterday. Domestic copper, which has been advanced three times this year, partly in response to strength in the export market, was quoted at 10 cents a pound, unchanged. Washington Produce BUTTER—Range of prices gathered from wholesale dealers (prices to nearby shippers based on Philadelbhia and to_stores «-poifnd prints, carton (¢ pound prints, carton (90 Some signs of weakness ap- e unchanged. eal, 15a16: lamb, 4; smoked ham. compound, 148 rd, 15. LIVE STOCK—Pigs. &14a8%; light hogs, R3,a0: medium hogs. Gafie: h 9; roughs, 6aK; calves. 4a10'; Prices paid shippers. net fob ington. By the United States Bureiu D( Agricuitural Economics EGGS—Market quiet and _unchanged, © receipts. “Ra3l: hennery whites 37, Government graded and ' dated ite eggs (net prices paid shippers. 10.b. ‘Washington): U. 8. extras. large, r)’(‘lrl! mediums. 31; U. 8. uandlrdx large, 3 LIVE POULTRY—Market quiet and un- changed. Powl: Colored heavy. 16alR Leshorng. 13: No. 25 & _Chickens! Virginia Rocks._broilers and fryers. 1Aal8: Del ware Crosses. 16alR: mixed colors.’ Guineas ynun: der 2 pounds 0 enth. Spring turkeys Jfoms. 14 pounds and up. 21: NEW YORK BAR SILVER. Y‘s:l\'er quiet and unchanged at 44%. High. Low. Close. 764 6 16 803 80 381 37% 92 9% 92 Port Gen El 4 %8s Porto Rico A T 6 | Postal Tel & C 68’63 _ | Pressed St Car 58’51 Prov Term 1st 55 56 __ Pure Otl 4%s Purity Bak 58 116 1154 1184 925 92 92 10834 10234 108 10734 1073 107: Rem-Rand 43 866 ww Republic Stl 4348 *61,.. Republic Stl 4% 8507 11935 117 Republic Stl 6%s "64__ 108% 108 108% Revere Cop ¢%s 'Sl Richfield O1l 6 45 a2 42 RG W Istexin 4s’'39. 8274 R1A&L Ist 438 '34_. 21 Rutland Can 4s 49 Rutland RR Saguenay Pw 4 St L 1M&S R&G StLP&NW 6848 |SILRM& P68 ’55___ StL-S Fran 4860 A _ StL-S F 4850 A ctfa_ St L-S Fran 4%s 78 StL-SF4%s78ctat. St L-S Fran 68’60 B St L-S F 6850 B ctta_ Y 36 6834 26 106 105 10134 10134 11} 111 Schulco 68 «© | Schulco 61846 B stp. | Seabd A L 48 '50 stp__ %i | Seabd A L ref 43 '59 Seabd A L rf 4 Seabd A L ady Seabd A L 63 "4l Seabd A L 6845 ct: Seabd A-F1 6835 A ct.. Sharon Stlev 4%s’51. Shell Un deb 3% '51_. Skelly O1l 48 51 Socony Vac 3%s'50. Soutn Bell T&T 6s '41. So Colo Pwr 6347 A__ Sou Pacific 3%5 "¢6.— So Pac col 48 °49 S0 Pac ref 48 *66 ceeen. 74 7 1085 10834 ¥y veky 10134 1013 10624 106% 107% 107% 106 1087 99 98l 96 9535 96 10734 106% 943 933y 435 93%4 941§ 93% T 9ly 993 108 10734 101;4 82)5° 82 8234 10934 109 1093 99% 994 99% . 103 30234 108 99 98y 9y 993 9935 9y 1200 120 120 107 107 107 103% 10334 108% 100 9% wui, 110% 110% 11034 10955 10935 109% 10635 1063y 10634 103% 108% 108% 10535 10635 10635 106 106 106 10634 10634 10634 a2ly 124 124 39} 39 89l 1028 1023 102% ey 9434 | T “K So Ry 648 '6 Sou Ry St L div 4851 Stand Oil N J 38 Studebaker cv Swift & Co 3% Tenn Cent Term As St L 435 '39. Texarkana 638 50 Texas Corp 3%4s ‘51 Texas & Pac 6377 B_. Texas & Pac 5879 C_. Texas & Pac Third Ave ret Third Avadin Tol St L& W 4s Toronto H & B 48 Un Oil Cal 4s°47 nu7 116 nr a7 1163 116 a pound for copper in the export NEW YORK, October 29 (#).—Bar | 808 834 8334 83} 83% 98% 98% 98% 1073 107% 107% 99 99 994 118% A © 1043 1043 104% | a3 | DOLLAR GOES HIGHER IN LONDON DEALINGS BY the Associated Press. LONDON, October 29.—Quietness prevailed in the foreign exchange market today. ‘The United States dollar gained % and closed at 4.89% to the pound, which compared with the overnight New York rate of 4.801/16. The French franc ended at 105.15 francs to the pound, against 105.12 yesterday. PARIS, October 29 (#).—Three per cent rentes, 78 fran:s 55 centimes; 412 per cent rentes, 82.65. Exchange on London, 105.16. dollar was quoted at 21.50%. —— VIRGINIA TOBACCO TRADING IS LIGHT Prices on Top Grades Hold, but Medium and Inferior Of- ferings Increase. 8y the Associated Press. Light midweek sales accompanied the return of medium and inferior grades to Virginia tobacco markets yesterday in predominating propor- tions. Prices on top grades maintained the high level shown the first of the week and growers bringing high quality leaf went home with payments rang- ing up to $65 per hundred. Bidding on the inferior types was not as brisk, however, and these grades weighted down the day’s averages. Sales ¢ d prices per hundredweight on the various markets follow: The Sales Danvilie ___ South Hll Rocky Mount Lawrenceville - GLENN L. MARTIN cO. SELLS 350,000 SHARES By the Assoctated Press. NEW YORK, October 29.—First public financing by the Glenn L. Martin Co,, airplane manufacturers, has been completed through the plac- ing of 350,000 shares of new $1 par capital stock at $13 a share, the company announced. The entire issue was underwritten by Charles D. Burney & Co. Heretofore the only public partici- pation in the ownership of the cor- poration has been through shares issued for conversion of its notes. Washington Exchange SALES—AFTER CALL. Real Estate Mortgage & Guaranty pfd—30 at 5lj. Capital Transit Co.—30 at 14!5. American Security & Trust Co.—5 at 266, 5 at 266, 10 at 266, 10 at 266, 5 at 265, 5 at 265, 10 at 265. Anacostia & Potomac R. R. 55—$1,000 at 751, $1,000 at 75%. Real Estate Mortgage & Guaranty pfd.—500 at 5'%. Capital Traction 5s—$500 at 93%4. Bid and Asked Prices. BONDS. PUBLIC VHL\TY & 'Tel 1’1!,,~ & Tel. Col! 5 532 05 Amer, “Tel. Tel Cap: Traction Rr R ity & Suburvan Georsstown fi o S Wash. 5s 1960~ Wash. Rwy. & MISCELLANEOUS. Chevy Chase Club 5lss Col. Country Club 5'2s W. M. Cold Storage 55 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel Capital Transit Co e’ & Eice com. (38) 89 ] Ry. & EL pfd. (5)_- 111 BANK AND TRUST COMPANY Amer. Sec. & Tr. Co. (eK)__ 2 POk o Bethesan (5.15) Cavital (1) Com. & Savinas (a6) ‘Wash. | | American (6) | Corcoran (5) Firemen's (1.6 National Union (.6 TITLE INSURANCE. Columbia (.30) __. Real Estate (6] _ MISCE! Carpel Corp. (1.60) _____ Lanston Moriotype (4) _ Mergenthaler Linatype Peoples Drug S. com. (11.00) Peoples Dr. St. pfd.’ (6,50) Est fd, (¢*257 106% | Real b. Cor Wawg & Totn com. (11,607 Wdwd. & Loth. pfd. (7)o *Ex. dividend. 1Plus extras. i50e end"Msy 15. 1936: sust 15. a—Aa % extu, .—2‘ exira, Yoe extra. 95 Paid"June 30. 1036 INVESTING COMPANIES NEW YORK. October 29 (P).—New York Security Dealers” Association: (Noon quotations.) 50c paid Au- Asked. in P4 2nd_Inc 20.01 106% 106% 1063 | Sorp Tr Ace 100% 10054 10034 | Dive: 1083 108% 108% 1’ ur 10244 101§ 102 33 33 33 181 131 131 107% 10674 10674 108 1u2k 102k 103% 102% 102% 66}y 66 6ol 69 6734 69 2% 21% 21% 10875 10834 108% 10634 1063 10635 9yl 9936 99N % 38 89% 1083 1083 1033 94l 95 393 40 39% 40 425 39% 42 383 383 38% lua 10734 108 9% UtlP&Lb%n 47 Ver Sug 1st 78 '42 ctfs A Va8 Wconbs'58_ .. Wabash 44878 . 704 704 70% 109% 1095 109% - 1073 1073 107% 963 9615 964 10434 106 104 10724 10734 107% ur o 36} u6) 36} 36 36 36 Wash Term 835845, West Penn P 33 W Sh 1st 48 2061 gta, West'n Md 1st ¢s 53 West'n Md 53%8 77 Westn NY&P gn 48°¢3 West'n Pt A West'n Pac b Westn Uncl tr 68°38. West'n Un 68 61 West'n Un 6860 107 101 107 10834 108 108 IOIK IOIM 101% 803 80% 6634 u 6634 102% lu)i 102% 29%, 29 20% 204 20 20i 187 135. 137 1025 10234 102} Wis CS&D Trm 4s ‘36 B&T ds'61l . Sel o 10435 10434 10435 Spencer, Trask Fun 12 b DIAD, B0 2 Doy Sec Building Sec Chemical ST L DD T CEL AR e A 1 it 2 o o Fherssse@onaSSwn A iicion BEITNIABIRGITGEGER 1R SRR 30 0. ft 0% -5 Bris A Srrmmiaismoarel Driiiai vt | $1.77 a share on 818,203 shares a year | | share on common stock for the nine FINANCIAL | B. M. NET HITS 1,906,405 NARK Quarter’s Total Compares With $1,756,729 for Same 1935 Period. By the Assoclated Press. NEW YORK, October 29.—Interna- tional Business Machines Corp. re- port for the third quarter indicated consolidated net income of $1,906,405 before undistributed profits tax, equal to $2.58 a common share. This com- pared with $1,942,080, or $2.63 in the preceding quarter and $1,756,729, or $2.45 a' share on a slightly smaller number of outstanding shares in the like 1935 period. For the nine months ended Sep- tember 30 net income totaled $5,738,- 406, or $7.76 a common share, against $5,304,844, or $7.39 a share on slightly fewer shares a year ago. It was the best nine months in the company’s history. The company’s domestic plants are at Endicott and Rocehster, N. Y., and Washington. G. A. Transportation Corp. General American Transportation Corp. reported for the nine months ended September 30 net income of $2,059,917, equal to $2.02 a common share on 1,017,603 outstanding shares. This compares with $1,449,825, or PROFITSOF N.& . WELL ABOVE 1335 $2,879,914 September Net Compares With $2,591,- 668 Last Year. BY the Assoctated Press. ROANOKE, Va. October 29.—Net income of the Norfolk & Western Railway showed a strong increase dur- ing September over the same period of 1935 and a similar movement for the first nine months of this year dver that of 1935, according to a statement of revenues, expenses and income made public here, Although the average mileage re- mained about the same as that for last year, both revenue and expenses increased this year over those for last year. Net income figures for Septem- ber were $2,591,668.48 in 1935 and $2,- 879,914.04 this year. For the first nine months the net income was $16,- 393,334.60 in 1935 and $22,377,391.04 in 1936. Freight loadings for the past week also showed an upward movement. Revenue cars loaded on the line last | week numbered 25491 and 4,924 were received from connections. The pre- vious week saw 25,589 cars loaded on the line and 4,702 received from con- nections. For the corresponding week of 1935, only 21,960 cars were loaded |on the line and 4,474 received from | connections. Pond Creek Pocahontas. ago. For the September quarter earnings totaled $1,029.328, or $1.01 a share, against $504.560, or 61 cents on the Pond Creek Pocahontas Co. bi- then outstanding stock. The com- | tuminous coal, with properties in pany's subsidiaries manufacture, re- | West Virginia, reported September pair and sell various types of freight | quarter net profit of $21.976, equal to cars, 13 cents a share of capital stock, International Printing Tek. | against $90.473, or 53 cents a share, International Printing Ink Corp. | 'R the 1935 period. reported for the third quarter net in- Island Creek Coal. come of $375613, equal to 96 cents Island Creek Coal Co., West Vir- a common share, against $342,910, or | ginia coal producer, reported con= 88 cents, in the preceding quarter | solidated net profit of $214,914, equal and $285411, or 72 cents, in the | after preferred dividends to 30 cents like 1935 period. a share on the common stock, against Spencer Kellogg & Sons. $168,791, or 22 cents a common share, Spencg: Kellogg &‘ Sons reported | i0 the 1935 quarter, for the fiscal year ended August 29 e — net income of $1,310,860, equal ‘O‘FEDERAL WATER PLAN SUBMITTED TO HOLDERS $2.62 a common share, against $1.- 112,395, or $2.22 in the preceding fiscal period. The company manu- | By the Associated Press. factures oils, vegetable, cocoanut and | Lo NEW YORK, October 29.—Directors of Federal Water Service Corp. sub- mitted to stockholders a plan involving chinawood. American Radiator. American Radiator & Standard | reciassification of the capital stock. to Sanitary Corp., with plants in East- | pe voted on at a special meeting De- ern and mid-Western States, reported | cember 4. net income of $5,476.389 for the 12| Christopher T. Chenery, president, months ended September 30, equal to | said the plan was for ‘the purpose of 51 cents a common share. .This com- ‘clearmg up dividend accumulations on pared with $4375.118, or 40 cents |the preferred and class “A" stocks, |a share for the 12 months ended | eliminate future fixed dividend re- | June 30. No comparison with the 12 quirements and wipe out the present capital deficit, thus paving the way for resumption of dividends. months a year ago was given. Air Reduction Co. Air Reduction Co. reported net in- come for the third quarter of $1.- 939,985, equal to 76 cents a share on | 2,532,065 shares of capital stock out- | standing at the end of that period. |Counsel for the stockholders of the | Symington Co., manufacturers of This compared with net income of | i 05" equipment, said the reorgan- $1,387,454 in the like period of 1935, | ization of th y would be equal to $1.66 a share on 835,563 | 2aUon of the company wou o shares outstanding at that time, or | Pleted in New York today. 55 cents a share on the new stock. — The company is a chemical producer. | Otis Elevator Co. Otis Elevator Co. earned 68 cents a | PLAN NEAR COMPLETION. BALTIMORE, October 29 (P).— Bright voung man would like to borrow $20.000.00 for five vears at six per ceni. Return of interest and principal guaranteed. Investigate—it costs you othing. months ended September 30, against | Address Box 498-P, Star Office 9 cents a share for the like period last year. Profits were $1657,295, compared with $479,752. For the September 30 quarter indicated net profit was $722,486, or 31 cents a share, against $512,328, or 21 cen's a | share, in preceding quarter and $365,- | 062, or 13 cents a share, in the 1935 period. OFFICE EQUIPMENT WE SELL, BUY OR EXCHANGE Desks Adding Machines Tables Check_Protectors Chairs Steel Files Typewriters Steel Cabinets BAUM’S FURNITURE HOUSE Consolidation Coal. 1416 Eve St. N.W. Phone NA. 2184 Consolidation Coal Co., Inc, with producing properties in Maryland, West Virginia, Kentucky and Pennsylvania, reported for nine months ended Sep- tember 30 profit of $91,936 after in- terest on 5 per cent secured notes and | loans, and other charges, including | excess profits taxes of subsidiary com- panies only, but exclusive of Federal income tax and surtax of parent com- pany. This profit included $100,255 from | wholly owned subsidiaries, the capital stocks of which are pledged, but is without provision for interest on the company's 25-year 5 per cent sinking fund bonds, which is charged to profit and loss accounts. For quarter ended September 30 profit was $579. No com- parisons are available. lnve:;me;llc o, irst Mortgage 5’/2 /O Real Estate Notes Secured by new dwellings in N.W. section of Washington. Bradley, Beall & Howard, Inc. L3 lished Nearly 40 ¥, NA. 0271 Southern Blds. FIRST TRUST LOANS Long-term REFINANCING . . . Lowest Rates . . . 3-Year Con- struction Loans . . . -~ 3% 8Y2% 305 & PH[LPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K St. NW. NA. 9300 Monsanto Chemical. ST. LOUIS, October 29 (#).—Mon- santo Chemical Co. and subsidiaries reported today record earnings for the third quarter of this year of $1,195,- 269, equal, after deductions applicable to minority interest and subsidiary preferred dividends, to $1.04 a share on the 1,114,410 shares outstanding. | Net earnings for the eorrespondmz quarter of 1935 were $932,083, which, | nfter similar deductions, amounted to 891 cents on the 987,876 shares then | outstanding. FOREIGN MARKETS. LONDON, October 29 (#).—Stock prices | again pushed forward, with motor shares, | and mining issues Money for C:.‘lm:bo' n Loans Loans on Improved Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 in demand, COMPLETE INVESTMENT SERVICE Quotations. Orders Promptly Executed in Any Market. Local S:eunhn. Gilt-edged shares, | home rails and German bonds held steady. although Mexican eagle issues sold lower. Trans-Atlantic stocks were irregular, PARIS.—Trading in the Bourse today was mixed. industrials and international securities advancing. while railway_isues | and banking shares sold lower. Rentes | closed generally higher and Bank of France ished at &.700 1 a decline of 100. [|WAGGAMAN, BRAWN!R & Co. ¢/nc. 1700 Eye N.W. ME. 3860 1886 50th Year BLANK BOOKS STOCKETT- ‘ 1S onvclno l‘I‘A‘I’lONE.. DIDE ST ‘N~ 1936 of Progress Complete Investment and Brokerage Service Members New York Stock Exchange Baltimore Stock Exchange Washington Stock Exchange New York Curb Exchange (Associate) FOR uilding, Refinancing or Buying a Home Mackubin, Legg & Co. BANKERS Est. 1899 WOODWARD BLDG. 15th & H Sts. N.W. Baltimore New York