Evening Star Newspaper, November 5, 1936, Page 21

U.S. BONDS SCORE AGTIVE ADVANCE Jump to New Highs as Cor- porates Improve Mod- erately. Bond Averages 10 P'lln +.1 0.7 70.6 70.1 68.8 2.0 67.6 04 mnn rndun a9, Net change. U +.2 Today noon DS 9 104.0 102.2 -~ 96.9 103.9 102.0 97.5103.8 103.1 82.0100.2 99.1 97.9104.1 103.1 86.9101.8 99.3 87.8102.2 99.8 764 922 845 655 1932 low- 458 400 646 422 1928 high...101.1 98.9102.9 100.5 10 Low-Yield Bonds. 112.6 Prev. day. 112.5 Month ago 112.7 Year ago.109.4 1936 high. 1129 1936 low.. 110.2 1985 high. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 86.8 Compiled by the Associated Press. 1935 low.. B the Associated Press, NEW YORK, November 5—U. 8 Government loans pushed forward strongly to new highs in the bond mar- ket today as corporate issues turned in moderate advances. Treasury obligations shortly before noon which had gains running from 3-32 to around 10-32 included the 32as of 1943, the 3s of 1948, the 27as, the 234s of 1951 and the 234s of 1954. Although a few carrier liens met selling which chipped off fractions, the majority of other corporate loans weve up a little, while some had upturns of around a point. Improvement of a point or so fell to Alleghany stamped 5s of 1950, Ameri- can & Foreign Power 5s, American Rolling Mill 4!4s and losses of as much to Allis-Chalmers 4s and Chesa- peake Corp. 5s. In moderate demand to around mid- day were Anaconda Copper 4!3s, Ar- mour 4!3s. Columbia Gas & Electric 58, Loews 3128, Pure Oil 4145 with war. #ants and Western Union 5s. PLAN IS APPROVED FOR YELLOW TRUCK Sale of 900,000 Additional Shares of Class B Stock Backed at Stockholders' Session. B the Associated Press. NEW YORK, November 5.—Stock- holders of the Yellow Truck and Coach Manufacturing Co. Pontiac, Mich., have approved a recapitaliza- tion plan and sale of 900,000 addi- tional shares of class B stock, it was announced today at the offices of the General Motors Corp., which controls the truck unit. The plan, voted yesterday in a spe- cial meeting at Portland, Me, calls for reduction in par value of the class B and common from $10 to $1 a share and increase in the authorized outstanding class B to 2,200,000 shares from 1,300,000. It paves the way for payment of | $4,500,000 in accumulated dividends on the preferred stock out of esti- mated 1936 earnings. Sale of the ad- ditional class B shares to present com- mon and class B holders, the com- pany explained, is aimed to replenish | the cash account after payment of | the dividend to avoid the Federal sur- tax upon undistributed profits and provide additional working capital. A registration statement has been | filed with the Securities and Exchange Commission at Washington covering the added stock. ABBOTT LABORATORIES SALES CLIMB SHARPLY BY the Associated Press. CHICAGO, November 5.—Abbott Laboratories sales during October ex- ceeded volume a year ago by approxi- mately 20 per cent and were the sec- ond best in the history of the com- pany, a statement said. Net profits for the first nine months showed an increase of 30 per cent over the same period last year. The statement said directors would meet November 19 to declare regular and extra dividends for the last quarter. INSURANCE STOCKS NEW YORK. November 5 (.—New York Security Dealers” Association: Aetna Cas (2a) Aeina Tns (T80) Aetna Life (60a Am Equit (1a) _ Am Ins Newark %) Bid 10072 483, n wns =t ravelers (16) 8 Fire (1,80 estchester (1 a—Also extrs FOREIGN MARKETS. LONDON. November 5 (#.—Stimulated early in the day by sharp overnight ad- vances in trans-Atlantic issues and later by a speculative boom in base metal hares, prices pushed forward in the Stock £ Tin_and col The industrial upemlly tobacco. silk and rub- ber shares Oils were frm - but gilt- omy s were ;_..“. xht "for on reports of coming dividends. mpket clo ARIS —With rentes averaging about 400 centimes higher. "auctations in ‘the Botra 2 dranced fodey. Business was ac. tlve and Bank of France shi closed at 050 lrlntl. against !750 llul'fl A mnfilnnll stocl l were irreg The ing tone was firm. MONEY MARKET. YORK, l'ovgl.llber 5 (P.—Call NEW meney stead: ¢ all day. " Prime fommercial Time y8: Banker: . __Rediscount rlh Rtl York Re- ank. 1% per cent. NEW YORK BAR SILVER. NEW YORK, November 5 (#)— B-:r silver quiet and unchanged at Hupp Motor Car Corp.—~It was re- ported negotiations still are under way in an effort to raise working capital 80 that operations may be resumed by the Hupp Motor Car Corp: THE EVENING STAR, WASHINGTON, D. C, BONDS ON N. Y. STOCK EXCHANGE lymu'lndlnflui'-lhr Approximate m Today. U 8Gov't Bonds..__~. 3.580,000 For.itll Bond 1,180,000 estio Bonds__ .. 13,380,000 TREASURY High. 105.9 103,11 102,10 101.26 103,15 106,27 105,14 107.14 107.4 109.4 108.25 108.21 108.6 109.4 Low. Close. 104.26 108.9 108, 1087 102. 1029 101,13 101.23 1031 103.13 106,16 106,27 105,12 107.14 107.3 109.2 108.22 108.21 108.6 109.4 109. 2%0 194547 . 1%a 104881 . R — ol o P Tiom 1960-60 s 38194648 cnuuue i 1951466 —meme 6-49 109, 10910 109.9 112,28 112.28 1427 11427 108.27 108 20 108.24 H‘llN -63 .. 119.11 1196 119.10 FEDERAL FARM MORTGAGE. 2%81942-47 . 1038 1035 1035 381947, _ceeeoo. 104,17 10411 10416 331949 _______"_ 1043 108.28 104.2 3%s1964_______ 1052 104.24 105.1 HOME OWNERS' LOAN. 238 1942-44_. 102.7 102.6 102.6 2%81989-49__.. 1029 1021 1024 3871952 108.30 103.19 103.26 FOREIGN IONDS. h. Low. Close. u 5 6y - 99} 9915 99 83y 97% 1028 102 10214 102 10134 102 102 102 /102 102 10335 1103 110 97 Abitibl PIO.PII Akershus Antioquia 3 Antwerp 58 = Argentine 5%s 62 Argentine 68°67 A Argentine 6s ‘58 B_ Argentine 6s ’69 June Argentine 63’69 Oct.. Argentine 6s '60 May. Argentine 63 ‘60 Sept. Argentine 63 °60 Oct _ Argentine 6s 61 Febr. Argentine 6s 61 M;y. Australia 4%s Australia 65 Australla b Austrian 78 ‘67 Belgium 6s ‘55 Belgium 6% 4 Belgium s 56 Bergen City 68 °60.. Berlin 68 58 Berlin 6148 ‘50 Berlin Elec 68 L] A 4%8°76 Aug Buenos Al 4%e-3%8"TT Py Buenos A 6s'61 st Pv._ Canada 3%s 61 Canada 4360 7134 8% & 10284 < 110 & 143 14% Chile 68’61 Febr_____. Chile 65 ‘61 Sept Chile 7842 Chile Mtg Bk Chile Mtg Bk Chile Mtg Bk 614 Jopenhagen 41,8 'S Copenhagen 63 '52 Costa Rica 78 A *61. Cuba 638 45 Czechoslovakia 8 | Domine 1st m- al El Salvador 8s*48 ct__ Frankfort6l;s ‘53__.. Ger Gov b%s ‘65 st. Ger Rep 73 °49 GriCElJap 6 Grt CEl Jap 78 '44 Haitl 63 52 Heidelberg 738 '50 italy 78 ‘51 Ital Crd P W 37 A 1talCra P W T8 "47 B. | ltal P U Crd 78’52 Japan 6148’65 . Japan 6%s '64 Jugos Mtz Bk 78 '57 unmat coupon Kreus&Toll 55 ‘59 efs. Lombard Elec 78 "§2.. 854 990 27% s 9 (1085 i b, 5% el 834 6734 8% 18 1% 1043 107 100% 102% 1013 10635 106 101% 634 82 Mex 58 45 asst 1g Milan 6348 ‘52 - Minas Gers 63%s ‘58 Geras 6% 69 Sept coupon on. Montecatini 78'37. New So Wales 58 ’5! Norway ¢%s"65 .. Norway ¢%s ‘6 Norway 68 '6: Norway 63 Norway 6844~ Norw Hy Elec Oriental Dev b Oriental Dev 6353 __ Oslo %856 Panama 6s *63 stp a Paris Orl Ry 6%s '68. Peru 6s 'co cceccennee Queensiand 6347 ... Rhinelbe Un s Rhine W EI P 6. Rio de Jan 83 46 April coupon oft __. R1o Gr do Sul 63’63 June couponoft ___ Rlo Gr do Sul s '66 May coupon off Rio Gr do Sul 7s ‘67 June coupon off ... Rio Gr do Sul 8s ™ April couponoff ____ Rome 6%s ‘52 Saarbrucken 6s Sao PauloC 6 May coupon Sao Paulo St 6s July coupon off .. Seo Paulo St 7840 . 1184 32y 27% 19% 18 19% 203 27 18y 82% 2% 27 n EY 18 11% 894 2034 20 2 23% 503 513 108 764 6% 6% 173 81 81 101 101 90% Sept couponoff ___. Sao Paulo St 8536 July coupon off . Serbs s '62 unm e 1a Elec us-;u. Trondhiem l‘hl's‘l Tyrol Hy Elec 78 '52__. Un Stl Wk 6348 °47 A_ 2055 203 30 30 8% . 10234 10234 102)4 | G, 104 104 104 10136 101 10134 Alleg Corp bs ‘50 stp Altled Stores 4% Allis Chaimers ¢ Am & For Pw 682030 76l 783§ T5% 8 8 8 11% 11134 1% 10634 10534 10634 131 130y 181 11236 11234 11236 111 1103 1103 113% 112% 112% 0 160 141 160 1104 110 110 Am Writ Pa 6847 ofs. | Chi& W Ind 4% s '62._. | Childs & Co 68 '43 . | Cin Union Ter, 84| Clev Un Term 6873 B Anaconda deb 4% s "o 1o Anglo-Chil Nit 18'67.. 28 Armour & Co 438 °39_ 1045 1043 10434 Armour(Del)1st 4w'56 993 995 983 Armstrong C'k 48°50 1061{ 10614 106} A T&S Foad) 4895 st 1093 3095 1093 A T&S Fegen 4895 114% 114% 1144 A T&S Fe é%a'48 1113 11134 1% Atlanta & Birm 4s'33. 27 27 27 Ati Coast L 1st 48 '53. 1023 10234 102% AtlCoast Liclt ¢8°53.. 97 98% 97 94 9335 9 mm 104 1043 611 oS4 6534 65} 82y 83 88 90 10814 1083 8115 8134 11634 11634 92 924 o1y 924 913 92 102 10234 1043 10434 106 106% 9% 98 109% 10934 11474 1144 16 116 % AIG&EW 68’69 . Auburn Auto 4%s'39. Bell T of Pa bs Bell T of Pa 12934 1293 106 10634 Bot Con M 63%8"34___. Bklyn Edison 58 '49 A. Bkiyn Man Tr 68°49 A Bklyn QueensC& 8 con s ‘41 stpd Bklvn Un El 63 ‘50 Bklyn Un Gas 68 *45_ Brown Shoe 3%s '50__ Buff R&P con 44867 Buff R&P cn4 148’57 rx Bush Term con bs '66 Bush Tert Bldg s '60 By-Prod Ck 5%s "45.. Camag 7842 ctfs Canada Sou 6362 A_.. Can'dian N R 438 61, Can'dlan N R 4338 66 Can'dian N R 438 67_ Can'diap N 5869 July. Can’dian N K 68’69 Uet Can'dian N R 65'70___ Can’dian N db 6% 5'46. Can'dian P db 4s verp Can'dian Pac 4%s 46 Can‘dian Pac Can‘dlan Pac Can‘dian Pac Car & Gen 63 Central lwh\‘u’ 108% 1033 108% 104 823 82 114% 114% 122 122 10534 106% 92 2l 88 88 67 6814 574 58 10134 1013 28 244 11744 1173 1414 114 1143 116 11845 114 11734 11734 11914 1198 11915 1195 127 87 104 105 1183 10835 1083 § 91% 1448 101% 2474 174 114% 183 | 82% Centof Garfs% Cent 1l E & G 68 61 Centof N J gen ba ‘87, Cent Pac Cent Pac b8 60 Cert’d deb b%s ’li Chesap Ccv Chesap Corp Ches £03%s'96 D__. Ches & O 3%3s'96 E._. Cé& U gen4lgs 'y, C& Ocon bs 39 Chi & Altret 8349 _. Chi B & Q gen 4s ‘58 4| Ch)B& Qrefbs 71 |Chi& E L1 bs 51 __ Chi & E 111 6851 ctfs. Ch1Grt West 435y __ Chi Ind & Lou 4s"47__ Chil& L gen 6s 66 - Chi Ind & L gen 65 '66. Chi Ind & S0 4856 __ CM&StP gn 335889 B CM&StP4s'8y. _ ___ CM&SLP gn 4%8'89 C CM&StP 4343889 B___ CM&SLP 4%5'89 CM&SLP 68 *76 Chi& NW gen 3338 '87 Chi & NW gen 45 ‘87 Chi & NW gen s '37 st Chi& NW 4355 2037 Chi & NW gen bs '8 Chi & NW rf bs 2037 C&NW Nr W 63453 Chi Rys 1st b8 "2 Chi R 1&Prt 4s 34 __ Chi R 1&P rf Chi T H&S Inc Chi Un Sta 8% Chi Union Sta 4s"44_. Chi Un Sta Chi Union Chi & W | con 4s " i 106% 5 1118 4 105! 106 104 8734 102 107 108% 106 962§ 108 103 10134 106 108% 8144 107 & 1083 106 v63g 103 103 10134 106 1084 Chile Cop deb bs '47 Cin Un Ter 3%s Dgtd CCC&St L gen CCC&St L rf 414877 B CCC&St L ref 6s CCC&StL StLdv 4s'90 CCC&SILCW&M 48 °91 10134 Clev Un Tel 415817 . 106 10844 Clev Un Ter 6%8°72 A 111 Colo Fuel & Ir 58 '70_. 8635 Colo& So4%3°80 ___ 77% Columbia G & E deb 63”52 April ____... 105 Columbia G & E bs 52 May.___ Columbia G&E b» 61 Colum RyP &Lt 45'65 Com Inv Trust 3128’51 Conn Ré& L 43851 _ Cons Coal Del 68 '60 Cons £Ed NY 3%8s46n Cons Ed NY 3%s 66 n Cons Gas N Y 448 ‘51 Consol Oil 3%s ‘51 Cons Pwr 3870 Consum Pwr 3%s '65. Container deb bs "43. Container 65 46 Crane Co 3%8 Cuba KR st Cuba RR 68 - 1043 10634 10734 10434 . 110% 4974 1063 106% 108 10114 . 108% 10934 102 106 100 603§ 10414 104% 105 108% 10734 1073 10435 10434 110% 1108 49 avly 10674 10624 106% 106% 10714 108 10035 1015 10635 106% 109 109 10z 102 106 106 100 100 6035 6034 64 64 684 69 663 573 10035 10035 89 89 10156 101% 107% 107% 33" 83 19 19 Cuba Northn 6% w'42_ Cumb T&T bs '37. Del & Hud ret Den G & E 58 *51. Den& RG W b8 '56__. Den & RGW 65s5'55 asst Den & R G ref 5578 __ Detroit Edis 45’65 F Det River Tun 4%s'61 DulSS&At6s 37 . Duquesne Lt 33 'l East Cuba S 7%8 37 _ 5 Cuba S 1% 37 ctfs v :Gfl.us. 11634 116 84 84 10834 10834 37 37 83 345 IITK 1438% Eriecons ¢s'96...__. . Erie gen 45’96 1173 1174 10634 10634 10434 1043 173 18 1% 1% 4 4 10634 1044 18% 1% . 4% 4 & 885 874 88) 87% 86 87% 10534 10536 10635 10234 10215 102% 9% 1 vy 345 3434 B4k 10634 105 10634 1084 10834 108% 7. 104 108%4.108% 10234 10234 10236 Fila ECRy 6874 Fonda ) & R 2s-48 ‘82ctfs p Fond J & R 4’82 filed Fran Sug T%s '42 ctfs Gen Cable 634847 . Gen Pub Svc 5%s°39_. Gen StiC6%s ¢y Ga Caro & Nor 11436 11434 11434 10634 10634 1063 106 10534 106 11234 11234 11234 = 1163§ 116% 1163 ©104 104 104 104 104 104 &NG%s 'lo._ Gulf States Ut 4%5'46 Hud & Man inec b8 "57. Hud & Man ref §s ‘57, 111 Bell Tel 3%8°70._ 854 35 353 8234 82 82 1083 108 1083 87% 874 87 9335 933 9334 883 8i% 881 [l Cent ref 48 ‘66 943 93% 94}§ M Cent 45888 e I11 Cent ref 53 65— 1203 12034 | gKan C | Man S 18t T34 34 | Ohio dison Hi Close. lom 10644 106% 8. 10434 10436 10434 1085 10834 108 Steel deb 4% 840 ndianap UR 8%s Inland Stl $%s ‘61 33 Int B T 78 °33 otfs... Interlake 68 °51 Int Agr cl 68 4. Int Cement 48 * Int Grt Nr 13 8% 1. 1 Int Pap 1st 68 '47 A__. 10134 100% 100% Int Papref 68’66 ... 96} 95 954 IntRyofCAG6s"2._. 97 91 97 IntRyof CA6s’41._. 102 102 102 Int Ry of C A 638 *47. 100% Int T&T cv ¢ %8 "39.. 9034 Int T&T d%- 63 834 Int T&T 68 803 Iowa Cent ul&rfl 51 8% James F&C4és39 .. 99{ 99 99Y Jones&L Stl 4% e'61A. 104 104 104 Kan C F S&M 4536 693 693 9% Kan CFS&M rf 4s’36ct 65 66 66 KanC So 1st 38 ‘50 0% 90 $734 9734 9T xosn mlu mn’ Int Hydro £] 335 . 8% Kings Co El 4849 _ lol 107'4 lol Kinney (G R) 734836 100 10014 1001 Kresge Found ¢s *45__ 112 111} 112 Laclede Gas 63°39.__. 101 101 101 Laclede G 6 53 Coe 12§ 1134 1234 0D Lautaro Nit Leh C&N €38 '5¢ A__. 1043 1045 1043 Leh C&N 4358 ‘64 C_o 10415 10415 10435 80 80 8 76 6 16 Bl WK Y - Leh Val Coal 68 "64 . Leh Val Coal 68 *74 Leh Val Coal 65 * 9975 997 99%% Leh Valley Har . 10415 104 10434 0 gtd__ 103 103 2003 785 124 LV Pacn4s2003reg. 69 6835 Leh V Pcon 43482008 77% 11% Leh V RR con bs 2003. 8slg 8815 126 4o 135 134% 100 w9iy n 48 °38 10434 10434 9 99 usy, Long Island La & Ark bs = Lou & Jeff Bld 4545 111% 111%; L & Nash 3% 82003___ 9735 75 L & N 18t 432003 108} 10334 L & N unif 48 *40 L&N4%92003 108 107% 108 L& NSoMonft4s’52 998 9915 w9y McCrory Stores 68 °51. 1043 1043 1043 McKess&Kob 6% ‘50. 1044 Me C RR g0 4% 8'60A. 84y Manatl Sug T%s 6514 b1 5935 634 9614 10234 103% Manhat Ry 4 °90_ Manhat Ry 4890 etrs. Marion St Sho K Market St Ry Mead Co 6845 10835 14% 1048 10434 9134 MIIER&S L bs MIIER&SLrt . 10435 10434 Mil No 1st 4135 'ex 39, MilSpa& N W ¢s'47_. Minn&SLrt 9 Minn & S* ' 6834 ctfs MStP&SSM cn 4838 _. MStP&SSM cn 5 MStP&SSM bs MStP&SSM 6 104% 104% 1234 8% L | MStP&SSM rt Mo 111 53 °69 A B MoK & T adj ll ) . Mo Pac4s*7b._.____ 1544 Mo Pac 6865 A. asly S0H___ a3 [ QY Mo Pac6s'81 lctts__. Mo Pactfic 638 ‘49 A~ Mob & Ohio 6338 _ _ Mob & O M div 6s "472. Mohawk & M 4891 Monong Ry 1st Monong Pub 8 4% 1078 Monong Pub 8ve 68'66 108 Mont Cent 6s'37_____. 108} 1085 10815 Mont Pwr ref 68 °43__. 1053 1063+ 10634 Mont Power 53 '62 A__ 104% 1043% 10434 Morris & Co 434839 __ 10335 108}5 10834 Mor &Essex 33482000 % 95 95 Morris & Essex 414°56 93% 93)5 ¥8% Mor & Essex 68 '56__. 100 9914 993 Nassau Elec 48’51 gtd 65% 654 5% Nat Dairy 3% s '51 ww 107!5 10634 107 NatDisPC4 46 106} 106 106'¢ 3 3K 8y R Tt 3% w8y . 107 10634 1063 12244 122% 4 1228 122% 126 126 108 New Orl T&M 6%8'64 64 ¥ Cent 814897 102 Cent 334397 reg_ 98Y% Central 3% ¢ Cent 4542 Cent con 4 Cent rf 4%s 2013_ Crfe%m2013n__ Cent rf 68 2013 Cent cvés's. NYCLSh3%,s"98 __ NYC MichC3%8°98_. 95% NYC&St L 1st 45 °37_. 1023 NYCEStL4%e18 __ 94 NYC&St L 634874 A_ 10435 N Y Ch1&StL6s"38_. 1003 ”k Edls ref 33,5 '66_.108!§ G El H&P 43 125)‘ & Green L 55 °46 . 100 Har 3% s 2000 rg_ 102 N N N N N N N N N Y 3 ;4 Y ¢ 4 b4 Y x NYNHG&H Cons Rys 45’54 ___ NY O&W gen NY O&W ref ¢s '93__ — NY Rysinc€s'65 ___ b1y NY & Rich G 68'51___ 107% NY Stem 1st 68 °51.... 1064 NY Tel gen 4%48°39__. 110 NY Tr Rk 68’46 stp__. »oh NY W & B 445 46 Niag Falls Pw 3%45'66 lom 10734 1073 Niag Sh6%8°60 . 10834 103) 1085 NorfSolstref68'61.. 17 17 . 17 Norf& W 1st4s°96___ 121 12t 121 North Am Ed 5857 A 104% 1043 1043 North Am Ed 6369 C. 106 106 106 North Am Ed 6%8 63 10435 10435 10434 Nor'n Pac gen 38 3047. 81% 80%5 81 Nor'n Pac 4897 _____ 10814 10985 109% Nor'n Pac 4482047, 103 1023 108 Nor'n Pac 68 2047 C... 109 109 109 Nor'n Pac 6s 2047 D__.. 107}§ 1073 107 Nor’n Pac 68 2047.___. 113 112}4 1128 North Sts Pw 4168 '61. 106}4 1065 10634 North Sts Pwr 63 °64... 108 108 108 Ogden L C 4 824 82 32 - 1063 10634 1 Ohio Pub Sve 7% - 112% 11234 112 Oreg RR&N ¢» 112% 11234 1128 Orez W RR & N 4861 10734 1073 10735 Otis Steel ——me 102} 120) 10235 PacG& E3% S—— PacG & £ 4 Pac T&T rf I'L. Pan Am P C 65 *40 Pan Am P C 63°40 Parm Broadway 3s'55. 653§ Paramount Plc 68’55 983 Park-Lx 6%s 1: aul. ::K 107% lVl:/; 10674 10634 109% 110 ¥4 903 1435 1434 Parmelee — 9T} 9T —— 10634 10634 1 _-. 1013 10134 1013 n RR cn 45°48 stp. 11434 11434 114§ 16 106 1083 10834 109 122 122 1% 12 106 106 108 . 119% 119% 1193 121% 1213 1213 9T 9T 9T 1::“ 10234 108 - 108% 106 1 3__._. 113 113 hrel e 1075 1063 106% . 104) 1043 1083 Phila & RC&1 6873 Phila & RC&1 68’49 Peoria & E 18t 48 Pere Marqg ¢%s 28% nmrru * - 90% | lar against foreign currencies, 10835 | % BRITISH PURCHASE U.S. SECURITIES | Extensive Orders Revealed by New York Federal Reserve Bank. Br the Asjociated Press, NEW YORK, November 5.—Exten- sive buying of American securities by British investors and European hold- ers of sterling funds occurred through- out October, the New York Federal % | Reserve Bank reported in its monthly review of credit and business condi- ons. “A mnotable feature of the month's developments in the foreign exchange market,” the review said, “was the rather persistent strength of the dol- ‘This tendency was largely the result of the substantial demand for dollars occa- sioned by foreign purchases of Ameri- can securities. “As a result of the accelerated move- ment of foreign capital to the United States for investment in our securf- ties, gold has continued to be engaged abroad for shipment to this country during the period since the revalu- ation of former gold bloc exchanges. Engagements of newly produced and dishoarded gold for shipment from London to New York amounted to nearly $100,000,000 since September 26.” Washington Produce BUTTER—Range of prices to stores gathered from wholesale dealers (prices to nearby shippers based on Philadeiphia and ork prices): One-pound prints, car- z 3 14-pound prints, ubs (42 e carton i o9y | ha !" RraR%: light hogs, 8%a0); medium hogs, 9a8%s heavies, 0; roughs, cas; calves, 5at; lambs, U Prices paid_shippers—net fob. Wash- ington. ' By the United States Bureau of Agricuitural Economics: EGGS—Market irregular. _ Prices 1 cent_higher on nearby ungraded eggs. but U. 8. Government extras, large, lower. Current receipts, 2 whites, 35838 dated white eggs (net prices fob. Washington): cxiras U. 8. extr mediums, 31° Philippine Ry 4s'37 PCC&St L 5870 A PCC&St L6s*76 B _.. Pitts&W Va 414360 C PortAC&D Port Gen El 43 Porto Rico A T 63 °42_ Postal Tel & Cbs 53 . Pressed Stl Car 58’5 20% 24% 121 121 9 34§ 1065 lns‘ 78! Purity Bak bs ¢ R-K-O 6341 Reading Jer 1204 119% 109 109 % 8214 84 35 1043 1025 8515 Rutland Can ¢s Rutland RR %8 *41_. Saguenay Pw 41,8 '6¢ St Jo Ry L T&P b8 ‘37 St L IM&S R&G 4833 1043 108 853 425 StL-S F ¢5°60 A ctfs. St L-S Fran 4%s 78 _ StL-SF4%s’78ct st St L-SFran6s’50 B - St L-S F 65 '50 B ctfs. StL S W 1st 4389 St L8 W gn rf 690 St L8 W 1st ter s °'52 StPKCSL ¢%e41_ St P M&M ext bs *43 _ St P Un Dep rf 6872 San AA A Pl!l 4843, 673 2234 10435 10434 1224 122 10134 101% @ e 2% 21y 12 uy 14 35 ] Shell Un deb 33 °51_ Stlestan Am 7s'41__.. O1l 48 61 Socony Vac 3% South Bell T&T 8 W Bell Tel 3%s Southwn G & E 45 '60 Staley A E ¢s " Stand OIIN J Swift & Co 3% 50 Symngtn Gould&G'56. Term AsSt L Texarkana 6 %, Texas Corp 3 1063 10674 10674 10614 107 108% 2% T 39 Y Tol & Ohlo C 3% lfl‘h l:“A Tol St L& W 4s'50___ 1025 102'¢ 1023 Truax TC6%s'43 __. 100 100 100 Un El Chicago 55 *45_ zzy. 2214 223 Un kI L& b 68’67 106 106 UnEIL&PG6%s'54__ ;ot 10¢ 104 Un O11 Cal 6343 A__.. 121 12114 m)( ——— 100 993 1 11636 1165 1183 -~ 100} 10034 1001 10824 108% 108% 10215 101% 102} 107 10625 107 1083 10244 108% 1034 108} 108}5 66 e4l5 65 68 67% 68 9 935 94y 4% 23 24y 10834 10834 1083 107 106% 106% 9% 99} 994 Wabash ¢4 40 40 ¢ Wabash 1st 6839 104 103% 108% 4015 40 40 Wabash 6876 Bl Wabash 6s '80 D. 4035 40} 40} a4 4 a Texas & Pac 6s '30 Third Ave rer Un Pac 1st rt4s 3008... United Drug 6s 53 U 8 Rubber 6847 . ___. Utah L & Ut P&L6%8 4T Vanadium cv b Ver Sug 1st 7 E&P 1st r Wabash §%8 %6....... Walker H& S ¢48°45 10934 1085 1083 8134 8035 813§ Warner-Quin 6s 39 . Warren Brev 63 %61 Warren Br 6s°41 rets. West Penn P 3%8°66.. WPaP4s'$1H W Sh 1st 433061 gtd.. 9735 963§ 9734 W Sh 1st ¢s 2061 reg... West'n Md 1st 863 _ Westn NY&P gn 49’43 West'n NY&P 1st5s'31 West'n Pac 6846 A... West'n Un 4348 ‘50 Westn Un cl tr 68 °38. 1103 110% 110 10034 10034 103§ 36 36 10834 10834 10834 10434 10434 10435 106% 10634 10634 108% 10835 108% 112% 1123 1125 10634 10836 106} Wheeling & LE 43 '“ 10124 1015 10184 3 Wheel Steel 438’53 . W SpStl ] Wia Cont 15t gn WCS&D tor 48°36 fs.. $1. 10 e "l:::‘u:o“':l.t 108 f03% 108 THURSDAY, NOVEMBER 65, 1936. Virginia Tobacco Markets Remain In Narrow Range B the Associated Press. Hue cured tobacco prices yesterday vered around election day figures on Vh'llnh markets, with mingled gains Murud hy unseasonably warm r, warehousemen looked for larger deliveries with the return of cooler weather today. Danville reported some leaf showing signs of damage as the result of the weather conditions yesterday. Parmers pocketed $135,686.59 there for 614,809 pounds sold. Chase City found prices stronger on most trades, and good cutters brought up to $65 per hundredweight. Prices also climbed at South Hill, closing with an average $1.65 above the previous day. Yesterday's poundages and price averages per 100: #22.0 Chase City 2210 South Hill _ 2543 Washington Exchange SALES. Washington Gas 5s, 1960—$1,000 at 125. AFTER CALL. Capital Traction 5s—$1,000 at 9215, $1,000 at 9212, $1,000 at 92';, $500 at 9214, $500 at 9215, Bid and Asked Prices. BONDS. B .._.,_ asReasty i3 Waih. Ges B3 1058 Wash. Gas 5s 1060 - Wash, Rwy. & Elec. 4s____ 106! MISCELLANEOUS. Chevy Chase Club 5'as Col (Jountey Club 5% . Cold Storage 5s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tl (@ Capital * Transit N &w qurfimn ) w, 252 ElmonSey ety Ry. Wash: Ry, & Elec pia. 19)- BANK AND TRUST COM! Amer. Sec. & Tr. Co._(e8) Ba ) § EFEER 12134 1213 | R Riggs pfd. (5) Washington (6]~ ash. Loan & Trust American (6)_ Corcoran (5) { | Piremen's (1.60) National Union (.60) TITLE INSURANCE. ! Columbia (.30) 1 Est 6! Carpel Corp. Lanston Moxotype (4)” Mzuemhnln Linotype Dr. St. com. 111000 otd :'bf' dividend. us extra: 0c, vaid uu 15. 1936: BOc pald Au- d June 30. 1936. DOLLAR MOVES HIGHER IN LONDON DEALINGS BY the Associated Press. LONDON, November 5 —Gaining ', the United States dollar closed at 4.88% to the pound in the foreign ex- change market today which compared with the overnight New York rate of 4881516, The French franc finished at 105.41 francs to the pound against 105. l5 yesterday. PARIS, November 5 (#).—Three per | cent rentes, 77 francs 95 centimes; 413 per cent rantes, 82.40. Exchange on London, 105.28. dollar was quoted at 21.53%. e CHICAGO LIVE STOCK. SHICAGO. November 5 P (United | States Department of Agriculture) —Hos o0, meludm]l 7,000 direct ¢ ulk good, 275-400 O 2aives. 1.000: strong; strictly steers and yearlings scarce d ¢hough toppy “heifer and mixed vearlings here to make a market: cows aiso m erately active bulk of she stock run being common and medium grade offerings and kinds in cutter flesh: 12.00 paid for $55- yearlings. best mi g : best heavies. 11.10. : 1.244 pounds. 11.85: thin stocki lnd féeders not moving, but moderate tra leshy, meaty kinds suitable lor u'nm hate Tesaime cutters ( Geh chotce neral ow most beef co ithot Cows sofd in 0dd 100s D to. 1150 AN Bers ter; bulls and vealers steady: latter class moully 8.5009.50. Sheep. 11,000, including no directs: fat lambs _moderateiy active. mostly ste spots weak: good to choice natives, 9. beat held higher: Westerns. .01 neep firm: top Western ewed. 42 10 ! lambs little changed. quality col sidered; bulk. U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co) R it Offer. 2ERSRSIRZEREE I L 11 i 15 o 83223352232 National Cash Register Co.—Octo- ber gross domestic orders increased 25.4 ‘per cent over October, 1935; in 10 months gain was 31.3 per cent. Complete Investment and Brokerage Service Members New York Stock Exchange Baltimore Stock Exchange ‘Washington Stock Exchange Nevw York Curb Exchange (Assosiate) Mackubin, Legg & Co. BANKERS Est. 1899 WOODWARD BLDG. 15th' & H Sts. NW. Baltimore New York The | FINANCIAL. CLEARINGS HOLD NEW PEAK IS SET WELL ABOVE 133 BY POWER OUTPUT: Volume for Shorter Week | Total .4 of 1 Per Cent Above Is 6.2 Per Cent Ahead of Last Year, BY the Associated Press. NEW YORK, November 5.—The volume of bank clearings for the short week, occasioned by the election-day holiday, was curtailed slightly. ‘The total for 22 leading cities, as reported to Dun & Bradstreet, for the five days ended Wednesday, November 4, was $5,208,156,000, against $4,987,- 404,000 last year, a gain of 6.2 per cent. ‘This improvement is further em- phasized by the fact that four days of the first-of-the-month settlements were included in last year's report, whereas there were only two this year. A week earlier, there was an increase of 19.5 per cent in the comparison with the preceding year. Clearings at New York City amounted to $3,323,716,000, a gain of 8.4 per cent over the $3,067,022,000 in the similar 1935 period. At outside centers the aggregate was $1,974,440,- 000, which was 2.8 per cent above the $1,920,382,000 recorded a year ago. The majority of outside cities showed improvement over the totals in the corresponding 1935 week. The largest of these gains appeared at Buffalo, Pittsburgh, Cleveland, Cincinnati, At- lanta and Detroit. Declines occurred at Philadelphia, New Orleans, St. Louis, Louisville, Minneapolis and Omaha. | Total bank clearings dropped $484,- | 517,000 below the amount for the week previous. Between the two com- parative weeks in 1935 there was an | ance of $146,973,000. Figures at leading cities, together with percentage gains and 10sses, compared with those of 1935, follow; also daily average bank clearings for July, August, September and October: | (In thousands of dollars.) Boston S Philadelphis _ Buffalo Cincinnati Baltimore Richmond Atlanta 100186 K0.615 Louisville Minneapol; Kansas City om San Franci: Portland. Ores. Seattle __ Total all__ Average dail tober September August _ July _ 958385 UNIVERSAL CORP. MAPS CHANGE IN STRUCTURE | BY the Associated Press. NEW YORK, November 5.—Uni- | versal Corp. has adopted a program | simplifying its corporate structure for the purpose of effecting savings in taxes and accounting costs, it was announced as the initial step, Uni- versal Productions, Inc., has been dis- solved. while Universal Pictures Corp. and Motion Picture Export Corp. are | | scheduled to be eliminated from the new Universal set-up as soon as legal details can be arranged. Other | changes are to follow. et COTTON BELT TRUSTEE PROPOSES EXPENDITURE BY the Associated Press. ST. LOUIS, November 5—Berry- mln Henwood, trustee of the St. Louis Southwestern (Cotton Belt) Railroad, asked Federal court authority to spend $775,715 for improvements to road And railway equipment. Yesterday's request supplemented a petition last week asking permission to spend $550,000 for locomotives and $628,500 for air-conditioned passenger | coaches and shop machinery, making | | a total program of $1,954,000. UNION PACIFIC PLAN TO SPEND $8,000,000 | OMAHA, Nebr., November 5.—Union | Pacific Railroad headquarters an- nounced expenditures of approximately $8,000,000 in the belief a rapidly ex- | panding freight and passenger tnmc may be expected. | The announcement said the $8,- 000,000 would be used for engines, new passenger cars, freight cars and modernizing of passenger cars. MONTREAL SILVER. MONTREAL. November 5 (. —8ilver fucures opened steady = unchanged to b higher, December. 44.70b: March, 44.80b: My 44350, "RCBid, FOR Building, Refinancing or Buying a Home Prevoius Week and 14.7 Above 1935 Mark. BY the Associated Press. NEW YORK, November 5.—Produc- tion of electricity in the week ended October 31 totaled 2,175,810,000 kilowatt hours, a new peak, the Edison Electric Institute reported today. This represents a gain of 4 of 1 per cent over output of 2,166,656,000 . kilowatt hours in the previous week and a gain of 14.7 per cent over 1.- 895,817,000 kilowatt hours in the same week last year. ‘The Associated Press index of power production, with 1929-1930 taken as 100, advanced for the week to 116.6 from 116.1 the previous week. A year ago the index, which is adjusted for seasonal and long-term trend, stood at 102.2. The range for recent years follows: 1936. 1935. 1934. 1933. - 117.7 1055 974 919 1020 941 919 802 All major geographic regions were represented in the increased output reported by the Edison Institute, Per- centage increases follow: New Eng- land, 9.7; Middle Atlantic, 13.1; Cen- tral Industrial, 18.4; West Central, 114; Southern States, 20.1; Rocky Mountain, 18.6; Pacific Coast, 7.2, —_—— OFFICE EQUIPMENT WE SELL, BUY OR EXCHANGE Desks Adding Machine: Tables Check_Protecto! Chairs Steel Files Typewriters Steel Cabinets BAUM’S FURNITURE HOUSE 1416 Eve St. NW. Phone NA. 2184 Investments 5[/2% First Mortgage Real Estate Notes Secured by new dwellings in N.W. section of Washin, on. Bradley, Beall & Howard, Inc. outhern Blde. lnabmhu Neerly (3 Years 1886 50th Year STOCKETT- ISKE PRODUCING STATIONERS DI E ST 1936 of Progress FIRST TRUST LOANS Long-term REFINANCING Lowest Rates . . . 3-Yeor Con- struction Loans . . . 3% 8Y2% BOSS & PHELPS MORTGAGE CO. Loan Correspondent John Hancock Mutual Life Ins. Co. 1417 K 8t. N.W. NA. 9300 WE RECOMMEND erage of 67 years. describing these will be sent on request.) ROBERT C JONES & CO. Shoreham MEL. 2922, “Complete Investment Service” Money for Con‘hufiol Loans an Loans on Improved Properties 5Y2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 If your present MORTGAGE is soon MATURING COME M and let us ex- plain how our Mortgage Refinancing Plan can lower your interest costs and set up your principal payments on a more attractive basis. As a property owner, you should know theadvantages of the Weaver plan, WEAVER BROS ¢ REALTORS Mortgage Loan Corverpmdmt Mavopisan Life Insarance Company WASHINGTON BUILDING DISTRICT 9486 - AUCHINCLOSS, PARKER & REDPATH MEMBERS NEW. TORK STOCK EXCHANGE AND OTHER LEADING EXCHANGES NEW YORK - WASHINGTON " BALTIMORE - PHILADELPHIA - WILKES-BARRE