Evening Star Newspaper, December 16, 1936, Page 21

FINANCIAL, |3 BONDS SHOW HODERATE DROP Industrials and Top-Grade Rails and Utilities Have Uneven Tone. 2 1010 lndus\‘. Util P'en Net change_ Unc. Unc +.4 Today, noon 97.7104.11024 719 Previous day 97.7104.11025 715 Month ago__ 97.3104.21024 71.6 84.9101.7 99.5 69.7 97910441031 72.0 8691018 99.3 67.6 8781022 998 704 - 764 922 845 655 458 400 646 422 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ..._1135 Prev. day. 1135 Month ago 113.2 Year ago. 109.7 1936 high. 1135 1936 low.. 110.2 1935 high_ 110.7 1936 low.. 107.9 1928 high_ 104.4 1932 low_. 86.8 (Compiled by the Assoclated Press.) By the Associated Press NEW YORK, December 16.—United Btates Treasury obligations gave ground moderately in an uneven bond | market today. In late trading, Federal loans gen- | erally showed losses of 1-32 to 4-32 of a point. Industrials and top-grade rails and utilities moved uncertainly in a re- stricted range. A few carriers held fractional gains, among them St. Paul 55 and Frisco 4'5s Small losses appeared in Alleghany | 5s, International Telephone 5s, South- ern Railway 4s and Youngstown Sheet & Tube 3 Brazil 6!>s and Buenos Aires 4gs of 1977 rose more than a point as Latin American issues attracted further demand. A.T. &T to Gl\e Advance Payment On Debentures B the Assoctatey Press. NEW YORK. December 16.—Hold- ers of the $149.000.000 of American ‘Telephone & Teiegraph Co. debentures due in 1965, recently called for re- demption on February 1. can have their money for the asking after De- cember 18, it was announced today. Directors of the company authorized the advance payment in a statement which revealed that taking advantage of the offer would still allow holders to receive their interest to February 1 and the 10 per cent premium at which | the loan was celled Surrender of the‘debenturce, in or- der to receive payment. may be mad= to the treasurer of the company 195 Broadway) here. (at Washington Exchange SALES. Capital Transit Co.—10 at 1315. Columbia Title Insurance Co.—33 at 13%%. Lansten Monotype—35 at 88. AFTER CALL. Washington Gas 5s, 1958-—$500 at 1083, American Security & Trust Co.—10 at 280, 5 at 280. Capital’ Transit Co.—50 at 13';, 65 at 1315, Real Estate Mortgage & Guaranty pfd —100 at 635, 100 at 675, «Washington Gas 5s, 1958—$500 at 1083, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel, & Tel 4'as.. * Anacostia & P Ang & Fot Ghar & P. Tel. of Vi Ctmul Traction R_R. y & Suburban 5 GlourlownPGn W Hion Ga. Wash. Gas Wash. Rwy. & 1¢ Eiec MISCELLANEOUS. Chevy Chase Club 5' €91, Country Ciub 51 M. Cold Storaze : STOCKS. PUBLIC UTILITY. er_ Tel. & Tel éfmul Transit Co._ . & W Steamboat Wasn Ry, & EL ofd 392 110 , BANKS AND TRUST COMPANIES mer. Sec & Tr. Co, (ef) 5 American n Coxco: (5) th s_(1.60) jonal ‘Union (60 TITLE INSURANCE. Columbia (30) _ Real Estate (6)__ 5 MISCELLANEOUS. Del Cor. (2.00) Eanaion Monotype (1) - Mergenthaler Linotype (8) 5 : h. Corp. % Toth. com. (1 80 ded & Eothrop btd. i) Jividend. extr ‘un ? paid May 15, 1936: 50¢ pald Aus. 18, 1936: 50c paid Nov. 16. 19 % extra * ext ¥ Be el June 30. 1936: (456 due De- hr 29 1936), " MONEY lAm1 ltw YORK, December {6 (P.—Call "dl‘ 1 p:r cent ll! dl_ry1 rlnmr unmm al paper. % per cent. Time loans o ‘months. 1% per cent ktrl acceptances unchanged. ‘ate New York Reserve Bank, H 120 —Siiver lower. May, IONTREAL. December m ). ‘es opened _easier, 46 10b; March, 48.200; A!L BUYING APPMVED LOUIS, December 16 (#).— States District Judge George foore approved & petition of trus- of the St. Louis-San Francisco jway today to make expenditures 84,875 for additions and better- during 1937. Ui of! it < B S S CLOX BONUSES PAID. SALLE, Iil, December 16 P).-— Westclox division plant of the 1 Time® Instruments Corp. dis- ted $120,000 in Christmas bonuses 3.000 employes. A $250,000 ex- program which will add 30, feet-offloor space was announced. lower-grade | % BONDS ON By private wire direct to The Star. Approximate Transactions Today. U S Gov't Bond; 860,000 Foreigr, Bonds .. 2,150,000 Domestio Bond: 18,070,000 TREASURY High 106,18 104.2 102,29 102,16 104.3 103.29 107.27 106.9 108,25 Low. Close. 106.18 106,18 104.1 104.1 102,27 102,27 102,12 102,18 103.20 104.3 9 108.29 6 107.27 106.9 108,23 2% 1945-47 . 285 1948-5uan. 2% 2 6-69 1"/.. 1955-60, 278 1955-60 reg.. | 98 1946-48 3s51961-56 3148 194649 3 9 106,8 108.23 109.5 1101 10 10 11027 114.14 116, 1103 121.20 1 110,28 114.14 116.1 %05 194347 3%51946-56 43 1944-54 4%s-3%81943-45 1103 1103 418 1947-52 12121 121.21 FEDERAL FARM MORTGAGE. 351947 105,19 105,19 105,19 331949 ________. 1054 1054 1054 3351064 105.26 105.26 105,26 HOME OWNERS' LOAN. 2% 5 1942-44 102.28 102.2 2% 8 1939-49 381952 110, 11414 116, 10425 10425 104,25 FOREIGN BONDS. | Abitsbt Pa&Pw b= 63 Agr Mt Bk Col 68 '47 Febr coupon on Agr Mtg Bk Col 68 48 April coupon on Akershus 58 ‘63 Antioguia 7s ‘45 A Antioquia T8 45 B | Antioquia 78 45 C Antioquia 7s 45 D _ Antioquia 3d 7s ‘57 | Antwerp 65 ‘58 | Argentine 645 62 __ | Argentine 68°57 A__ Argentine 6s ‘58 B___ Argentine 6s '69 June Arzentine 68 '59 Oct Arrentine fs 60 Sept Arzentine 6s '60 Oct | Argentine 6s 61 Febr | Argentine 6s 61 May | Austraita 434556 Australia 58 "65 Austrian 78 ‘57 Bavaria S 8%s ‘45 Belgium 6s ‘5 Belzlum 6% " Belglum 78 55 _ Berlin 6= '58 Berlin 6348 ‘50 | Berlin Liec 634 s | Brazii 6145 Brazil 6148 '27-'57 Brazil 7s ‘62 Brazil 8s ‘41 Brisbs Buenos A C - Buenos A C 6158 '55 _ Buen A 4145-4% Buenos Alles 4%,2-45%="76 April Buenos A 415 76 Aug Buenos Aires Low. Close. 8074 807, w84 234 23 981 121 i1 110 231 1051 3 108} 16 9| ‘A\ 1011, 5765, 82, 801, 803, 0 BuenosAC61s'61stPv Canada 2138 45 Canada 348 61 Cagada 4s 60 Canada 658 52 _ Chile 65 Chile 63 Chile 6s Chile 68 Ch]l(- | Beth Steel 3%s '66 | Bot Con M 6155 '34 ct | Bklyn Un Gas 68 '57 B | Bush Term Bldg bs 60 | Calit Packing 63 "40 | Can'aian N R 414856 | Can'dilan N R 4%s 67 Can'diar N 5s'60 July { Can‘dian Pac 4 %8 ‘60 | Can-dian Pac 6544 cts | Cent ot N U zen 6s 87 THE EVENING STAR,- WASHINGTON D:. T,; WEDNESDAY, DECEMBER N. Y. STOCK High. Low. Close. | Tl 9Tl Wil 6815 68} 68} 831, 8% 83y 87 81 87 110 109% 109% 105% 10544 1053§ 11414 113% 113% 11034 11034 11036 11234 1123 11284 175 174 174 1105 110 110 WG T4 4N 4 4 105% 106 40 40 74 74 10435 104% 99 991 1104 11014 1115 1113 11614 11614 11135 111§ i 38 a4y 1204 12014 10684 98 98'¢ 6234 81 108 80 Alleg Corp b Alleg Corp 63 60 stp_ Am & For Pw 6820 Am lce cv b5 53 _ Am i GCh6%s €9, Am Intl b3%s 49 Am 1 &T ¢%8°39 Am T & T deb AmT & T6% Am Writ Pa 68 '47 cfs Anaconda deb ¢ %s '50 Anglo-Chil Nit 78" ‘1 Armour & Co ¢48 l Armour(Del) 18t 48'6b A T&S A T&s A T&S Atlanta & Birm 1s ‘38 Atl Knox & Nor 5s 46 Aul Coast L st Atl Coast L clt 4s ‘62 AUCL un4%s 64 Atlantio & D 1st4s ‘48 AtIG& W I 6569 10874 . R0y . 1156% 924 92 . DISG 101% B& O PLE&W V 48'41 10a% B & O Swn 68 ‘60 107% B & O Toledo 48’59 _. 9934 Bang & Aroos 48’51 110} Bang & Aroos cv 4s ‘51 113% Bell T of Paos 48 B. 121 .99y 1053 85% 1155 913§ 9l 91 10014 104%% 107 9914 10975 11315 121 8% 10815 104% 107 9914 11045 11835 Beth Sti 4% s '60 of_ Bos & Me 68 656 Bos & Me 68 67 Boston N Y A L 4s ‘65 Bot Con M 6148 ‘34 Bkivn Cy KR 68 *41 Bklyn Ed con 3%s'66 Bklyn Man T 4%s 66. Bklvn Un El 6850 __ sklyn Un Gas 68 ‘50 BCR& Nel 68’34 Bush Term con nm“ J‘Jh" 115% 1164 | 115% Camag s ‘42 ctfs Can'dian N R 443 '51. | Can'dian N R 6s'70. | Can'dian P db 4s uerp 0Cl& O 6s'52 A _ Car & Gen 55760 ww _ Carth & Ad 4s ‘81 gtd Central Fdry cv 5s'41 Central Fdry cv 6s “41 Cent of (3a cun 55 '45 \‘eut of Ga bs ‘69 C Cent of Ga rféu,x'w ent 11l E & G bs 51 Cent N England 4s '61 Cent Pae 18t rf 4s *49 Cent Pac 6s 60 Cert’d deb 514 Champ P & F Chesap Corp 6s Ches & O 3145 ‘96 D _ Ches & O 3158 C & O PottsCrk Zhi & Al rer 88 4Y Chi B & Q gen 48 '58 ChIB& Q44877 Chi B & Qref 6871 Chi B&Q 1 div 3158 49 Chi B&Q 1 div 45 49 Ch1& E 11 6s '51 Ch1 & E 11 68 751 cifs 10214 102%, ist 1133 1181 10014 13 | Ch1 Gri West 48 | Cologne 6128 '50 - { Colombia 6s 61 Jln Colombia fis *61 (et _ Col Mtz Bk 78’46 __. openhagen 458 53 Copennagen 65 52 _ Cuba 5l 45 Denmark 4%¢ 62 Denmark 5% ‘56 Dominic 18t 6158 ‘42 Fiat deb 78 *46 | Finland 6s ‘45 | French Gov 11,8 '41 I | Fremch G 7% s1uns 1 Gerc Bk a r C Bk A 68 60 July 2 | r C Ax Bk 68 60 Oct 26 Ger CBK AT ! Ger Gen L. Ger Gen E Ger Gen Elec Ts 15 Ger oV o bas a st Ger Gov 615 65 un st Ger Pryv & City Bk con Ag 6'%8 5N Ger 1lep is ‘49 stpd 1..m k3 | 50 1061 128 121 41 4 20 cek Gov s 68 | Greek Gov 7s 64 Helsingtors 635 60 Hungary [ %s 44 Febr coupon on = Con M T%s ‘45 unmat coupon on Ltaly is 51 =3 (tal PUCrda7s'62 | Japan blgs 65 Japan 6lss 54 Karst 6s 43 ct st prin LeipSiz 7s 47 £ Lombard Elec 78 52 Medelin 6%s ‘54 Met Wat 6158 '50 Mex 48 '10-’45 asst sm Mex sf 6s "45 asst 26 30 1053 8% Hi i 8335 663 a0y 9644 24 1n 10434 11 10414 [ 8% 61y 6435 Minas Gers f34s ‘68 Sept coupon oft __ New So wales §s 57 New So Wales b8 '58 Nord Ry 6%s 50 _ Norway ¢%s '65_ Norwayv 6s '63 1014 Norway 68 '4s C 109 Norw Hy Elec 5%8 67 10034 Oriental Dev 6%4s8 '68. 71l Oriental Dev s ‘63 4k Panama 6s '63 stp as Panama 53%8 53 . Paris Or) Ry b%4s '68 Paulista Ry 7s Pernambuco 78 '41 St upon off ... 22 10514 10525 10735 10134 22 105 105 1067 1017 10015 109 1003 71 3% 71 106 108 82 204 20 143 1455 1624 5574 7334 Peru 78 5 Poland 6840 _.___. Poland 8s 50 Perto Alegre 7% July coupon oft Porto Alegre 88’61 June coupon off .___ Pru: 52 Queensiand 7s"41.___ 113 Rhlnllb. Ull 7s '48 31 April coupon oft Rio Gr do Sul 6 June coupon oft Sao Paulo C 6% s 57 May coupon off Rio Gr do Sul 7s ‘66 May coupon off Rio Gr do Sul 7s '67 June coupon oft Rome 6%s 52 Rumania 78 49 Aul coupon oft Sao Paulo St 6s 68 July couponoff ___. Sao Paulo St 78 '40___ Sao Paulo St 8s ‘50 July coupon off Serbs 7s '62 unm c 0. Serbs 88 '62 unm ¢ Silesia Prov 7s ‘58 Sydney 6%s "55 Taiwan Elec 5%s "T1. Tokio 6% 3 '61 Tokio E L Led Uruguay 6s 60 _. Uruguay Uruguay Vienna Warsaw s 53 Westphal El Pw 68’53 23} 28}¢ Yokohama 68’61 L 7Y DOMESTIC BONDS Adams Express s 47 104% 104} 104% Adams Exnress 48 °48 1047 104 104 ® e 118 ,IL}J 101 1003 10 ib Perf W P 65’48 a Grt So con 58 "43.. g Corp 63 ¢4 | Chi & NW gen 4 §1 Chi & NW 4148 2037 | Cin Gas El 43 68 A | CCC&SILCW&M 48 '9) { Conn & P Rys 4843 _ 7, | Cons Coal Del 58 °60 | Dul & Ir Rg 68 37 Oh1 1 & L sen 8 66 ChiInd & I xen 6s 66 | Ch1 Ind & So 48 '56 CM&StPgn3l%s 89 B CM&StF gn 41 89 C cStP 41,8 '8 CM&SLP s 76 CM&SIP&E ad1 552000 87.. Chi & NW 41482037 C Ci&e NW 43,849 Chi & NW gen bs '87 | CENW Nr W 634536 | Chi Rys 1st 27 Ch1 R 1&P rt 4834 | Chi R 1&P rf 48 34 ctt | Chy 12 1&P zen 45 '38 Chi R 1&P 4148 52 Chi R 1&P 4138 '52 ctf Chi i &P 41,8 R0 Chi S8t L&N Me ¢s Ch1 T H&S 1st bs 60 Chi T H&S inc 68 "60 Chi Un Sta 3%s Chi & W | eon 48 5 Chi& W Ind 4%s 62 Childs & (o b 43 8754 10914 107 | Cin Un Ter 3148 D gtd | N Y Centevén's | NYC Mich C 214898 10315 1053, 102!, 1051, 1y Clev Un Tel 415877 Clev Un Term 5s ‘73 B Clev Un Ter hl%s 72 A ! Coln l"\ltl& Ir 6s 70 10814 1081 10474 105 6214 10614 10614 10675 105% 107% 10° i 109§ 1013 i 10215 10585 65 73 6514 7% 107% 8934 i 1014 10734 i 106% 3314 Cons Ed NY 3%s 46 n Cons Ed NY 3%s ‘56 n Cons Gas N Y 4%s ‘51 Consol Ol 318 '61 Consum P un 3%s '65 Cons Pwr 338 '70 Consum Pwr 8%s '66 Container deb bs *43 Crane Co3%8°51 __ Crown Will P 68 '51__ Cuba KRR 1st bs 62 Cuba RR ref 7%s 36 Cuba Northn 5%8'42 Dayton P&L 3%s 60 Del & Hua ref 4s 43__ Del & Hud 6%s "37._. Den G & E 53 '51 Den & RG W 6866 __ Den & RGW 63'55 asst Den & R G ret 6878 Des M & F't D 49’35 of s Der Edison 4%s°61 D DulSS& At 68 37 Duquesne Lt 3%8 G E Cuba S %8 '37 otfs Briecv 4s 53 B Tirke ref 8818 Erfe & Jersey 635 Farb’ks Morse 48 ° 104%; 10815 Fla EC Ry 68 T4 ctfs Fran Sug 7%s ‘42 ctfs Gen Cable 6% . 1081 Gen Mot Acc 3846 . 10434 Gen Mot Acc 3% ‘51 104} Gen Pub Sve 5%s "39.. 10285 Gen St C 618 49 98 Ga & Ala 63’45 - Ga Caro & Nor 633 Goodrich 85 ‘4b Goodyear T&R b8 '57. Great N Ry 4s Great N Ry 43 46 A Grt NRref 4%s'61 A Grt N R gen 414876 C Grt NRgen 4% 11 B Grt N R gen bs 13 Grt NR63%8'62 B Green Bay 6362 B _ GuitM& ll 68 60 Har Ry PC 18t 48 '64_ Hock Val 4348 99 un- (R)&Co 6% 34 tonie con 68 '37 _ Houllnl Ol 6% Hudson Coal 63 52 Hud & Man ine 58 '57. Hud & Man ref 65 ‘67 11 Bell Tel 8%8 70 . 11l Cent col tr 111 Cent col tr 111 Cent ref 4s Il Cent 4%s 111 Cent ref 68 *56 I1} Cent W L 1st 43 '51 OCESIL N O $%5'63 ICC&STL N O 68 63 [1) Steel deb 4% Ind & Louisv ¢s "6 1061 10434 10435 102% a1 81y 11034 119%° 1104 928 9245 v 89 - 8y - 89 % M - B8lv 80% 10436 104% 10436 1005 100% 1005 mc 853 am 0% # 104 %I L&NG |MIlER&S L rf 6871, ! Nat R M 45 77 asst | N Y Centrfelyn 2013 il NYCrfalss2013n _ | NYC&St L 15t 45737 | NYC&St L 6%5°74 A INYChi&StL6s'3s NY INY NY NY Y EXCHANGE |\ High. Low. Close, 107% 1073 107% 9 Y% 483 48% 94 94 100 106 1003 101 159 169 84 84% 1Y 1% 8315 8434 6815 6814 10215 102% Inland St 3% Int RT 68’33 Int R T 78 "32 ot interlake 68’61 - Int Agrcl 68’42 stp_.. Int Cement 45 ‘46 Int Pap 1st 6847 A Int Pap ref s ‘56 . IntRy of C A 65’72, . Int Ry of C A 6148 "47. int T&T ov 43%s 739 Int T&T 4%8s 53 Int T&T 68 65 Iowa Cent 1st&rf4s’s1 James F & C 45 "39 Jones&L Stl 4 % w614 Kan C F S&M 4 Kan CFS&M rf 4s"36ct Kan C So 1st 38 '60 . .. Kan C So rf in 68 *60 Kan C Term 1st ¢s'60 h 6s ‘46 Ky Cent Ry 4 - Ky & Ind T 43861 __. Kings County J.Azht 1st ref bs Kresge Founfl 48745_. Laclede Gas 65 ‘39 Laclede G 6%48 ‘63 C Lake E & W 1st 6537 Lake S&M So 3% 8 97 Lautaro Nitr Lautaro Nit 6. Leh C&N 4% s 54 A__ Leh Val Coal 63 ‘64 Leh Val Coal bs '64 Leh Val Coal 6s '38 LV NY 1st 4546 gud. LVNYe%hae0ta., Leh V P con 48 2003 .. Len V P con 4%s 2003 Leh V RR con bs 3003 Lizz & Mye Ligg & Mye Loew's 3155 ‘46 Long 1sl.ref 4549 Lorillard 7s ‘44 La & Ark bs '69 L & Nasb 3% 2003.. L & N unif 4840 ._ ¢ 100 4 104 6014 563, ¥8lg 9714 109% 9815 11634 100% 1043 62, 6815 100% 1155 115 115% mi | 1093 NEW PEAK IS SET BY POWER QUTPUT Edison Institute Reports Total Is 14.9 Per Cent Above 1935 Week. 85 the Assoctated Press. NEW YORK, December 16.—The Associated Press index of electric power production, with 1929-1930 taken as 100, advanced for the week ended December 12 to 119.8, the high- est on record, from 119.0 the preced- ing week. The index, which is ad- justed for seasonal and long-term trend, stood at 104.3 a year ago. The range for recent years follows: 1936 1935 1934 1933 1198 1055 974 919 102.0 941 919 802 Actual production, as reported by High_.._. | Edison, Electric Institute, also reached a new high since the records have been kept. The output was 2,278,303,000 kilowatt hours, an increase of 1.6 per cent over 2,243,916,000 kilowatt hours produced last week, and 14.9 per cent higher than the 1,983,431,000 kilowatt hours recorded in the same week last year. All major United States geographic regions showed gains over 1935, Per cent changes follow: New Eng- land. 124; Middle Atlantic, 13.7 Central industrial, 17.3; West Central, 11.7; Southern - States, 17.1; Rocky Mountain, 13.8; Pacific Coast, 7.3. L&N $5i= 3003 c<... 1081y 1011y L&N6s zuoa B N 963 | L&NS&N Ala 5563 2915 Meiess&Itob 64 Manau Sug ¢ Man S 1st 7% | Mannat Ry Manhat Ry 4 | Market St Ry 75 '40 A. Mead Co 6s 46 Met ££d 182 rf 4358 '68. Met W S EICras"38_. 1 ER&S L6861 _ 105 10474 MilSpa& NW (L MInD & S Lrf 4s 4y Minn & b3 34 ctfs MStPE 38 Mo K & T 18t 48 90 MOK&T 4s'62 B [ MoK & T 43578 MoK & T 6s 62 A MoK &1 | Mo Pac 48 "% Mo Pac Mo Pace b Mo Pac 6818 G _ Mo Pacific 58 80 H Mo Pac bs 811 Mo Pacific 6%8 49 A_ Mob & Ohle 4%4s 77 __ Mob & Ohio 6338 Mob & O M div b, Monong Pub S 4 ononz Pub Sve ont Pwr ref 68 orris & Co 4348 39 Mor &Essex 3148 2000 Morris & Essex ¢%'56 Mor & Essex b8 '55 47 1011 | Namm & Sons 6 Nassau Elec Nat Dairy 3% s Nat Dis P C 435 45 Nat R M 18t 48’61 asst 10614 - 3% Nat R M 4%s 67 asst_ teel 4m 66 = RR 65 *45 61 _ 12734 1 94y 8315 10035 10015 100, 464 w Or G. W Or & w Orl P S 58 - New Orl PS6s 66 B w Orl Ter Ist 4863 w Or T&M 4148 56 w Orl T&M 68 '54 B New Or T&M & '56 C New Orl T&M b%s 54 N Y Cent 3%s 97 1 N ¥ Central 3% s 46._ 1035 N Y Cent 4542 . 1081, N ¥ Cent con 4s ‘98 siig | 8315 1003 | 100% | 10014 4 5014 | 51| 513 | 105 103 10815 1047, % | % 10114 12 10074 1000 100' a7 51 51 10814 1041, 94! 95 N ¥ Cent rf 65 2013 10114 101% 1 NY CLSh3ksos 10274 | 9315 | 10424 |uux m NYC&St L %878 9375 104'¢ 1001 109 67 6514 ll\a't 1061g 117% 1003, 103% 3315 3674 3514 358, 2319 3834 40 49 48 393§ N H & H Cons Rys 10415 1005 108 67 6314 105, 106! 119 1008 10834 33 34 3414 N N ¥ Conn 1st 4%4s '63 Y Dock 1st 4s '51._. Dock 6s ‘3% - Edison 3% s €5 D Edisref 3 66 G ElI H&F 4842 N Y & Green L 5546 NYL&WIist4s'73 NY NH & H 3%s 66 _ NY NH & H 4s'47_ NY NH & H 45755 NY NH & H 43 "56... NH & H 4867 NH& H 4348 " NYNH&Heltr 303 NYN H&HConsRyl &J 30 NY N“&HCOII:R)‘ 48’56 NY O&W gen 4 NY O&W ret ¢ NY Putnam 48 ‘93 . NY Rys 65’65 A NY Rysinc 6s 66 NY & Rich G 6s ‘51 NY S&W 2a 4%s 37 _ NY S&W 1st rf 68 ‘37 NY Tel gen 4348 '39 NY Trap Rock 6s "46 .. NY Tr Rk 6s 46 stp . _ NY W & B 434846 Niag L & O P 68 '55 Nizg Sh 638’60 Norf So 1st 5541 Norf So Ist ref 58 '61. Norf S 1st rf5s'61 cfs North Am Co bs '61 North Am Ed 63’57 A. North Am Ed s 69 C North Am Ed 6%s '63 Nor’'n Pac gen 38 2047 Nor'n Pac 4597 A Nor’n Pac 4% s 2047__ Nor'n Pac s 2047 North SP 1st 6841 A - Nor'n Sts Pw.§s 41 B North Sts Pwr 68 '64. Ogden L C 48 48 Ohto Edison 45’65 Ohio Pub Sve 78 ’47__ Ohto Pub Sve 7348 "46 Oreg RR & N 4 Orez W RR & Otis Steel 6: PacG & B3%s 61 Pac T&T rt3% Pac T&T 1si Pan Am P C 6340 Pan Am P C 68 '40 etfs Parm Broadway 38’55 Paramount Plo 6s 56 Park:Lx 618 '53 ctfs 11114 105% 12 108%% 10374 108 28 . 1073 111 11234 118% 1063 101% 10734 106 18044 101% 101% 1063 10034 Penn RR &1 4%8 65 Penn RR-deb 4% 70 68 & B Lst 43”40 Peoria & E Inc 43 *50 m Marqg 18t 48’58 . ‘Marg 1t bs 'B Phlh ©Cd b8 ':s 8 Phila Eléc Co 4% °67 Phila & R C&1I 63 13 Phila & R C&1 6849 . Philippine Ry 4s "37. *70 A 106 122 m;‘ M lSK 106 106 10635 10635 1 10635 10634 10834 G Ay s 241 24 244 20 19 19 128 128 123 10834 10534 Mfi” 3 | sa11: | Repub Steel 4 |StLS W lsts | Symgn G&G'568 xw__. Washington Produce BUTTER—Range of prices to stores gathered from wholesale dealers (prices to nearby shippers based on Philadelphia and | New York prices): One-pound prints. car- sco) s. carton " carton carton | 36: tub 18; amaked ham. E bacon, lard. 18. compound. 11 LIVE_ STQCK—Pigs. R'aa! bogs, 0'ia®ls. medium hogs heavy hogs. yanle roughs. Sakde ceives. lambs, saxts Prices paid shippers. net f o b. Wash- ington. By the United States Bureau of Agricultural Economics EGGS—Market continues easy to weak Government graded b2 to 1 cent lower Tectipts nas1: hennery. whites Government graded and dated prices paid shippera 1.0.b. W ashingion) —U extras. ng 414 J. S. extras medioms, 30 stand- s large. 3340, LIVE POULTRY—Receipts very heavy: demand_dull and supplies accumulating. Fow! _Colored. heavy Leghorns. Chickens—Virginia Rocks and fryers 16: Delaware Crosses. mixed colors.” 17al Guineas. up, 40 cents each 30 cents each: old ] each. Turkeys— hens young toms. 16ali: i3: old hens, 14; old toms. 14. light 10; guineas Young No. 2's, High. Low. Close. Porto Rico A T 6342 81 1 81 Postal Tel & C 63 '63 42 41% 4% Potomac Kl Pw 31,8°66 106!, 106}, 1064 Pressed StICarbs'61. 98 98 98 Pure Oll ¢%s 50 ww 118 117 117% Pure Oil 4% " .. 105 105 105 Purity Bak 6843 9974 994 s Rem-Rand 4% 1135 111 111 991, 98% 99 291y 99 994 13234 132 1324 m m 1t 6014 604 6013 603 81 81 46 Lepublic SU dins Republic St! 448’50 Republic St 6% 8 '54 . Richfield Ol 68 44 Richfield O 68 44 ctfs RG W Istexin4s'39 RioG W col 4s"49 A _ Roch G&E 6862 E R1A&L istek i Rutland RR ¢%s '61_. | Saguenay Pw 4% St Jo Ry L T&P b8 31 SLLIM&S R&G ‘33 StL P& NW o848 StLR M & P 5866 St L8 Fran 48 '60 A . St L-S F 48 '50 A ctfs St L-S Fran 438 ‘18 StL-SF alssiset et St L-S Fran b8 50 B | StL-S k 58 60 Betfs. 105 102 8335 41 102 42 8473 324 29% 3239 994 7 502, 214 1015 104 103% 304 17 1734 | 124 SIPKCSL 4%l St P M&M ex 4s'37 St P M&M San A & A Seabd A L Seabd A L ret 'S Seahd A L rf 48’59 cfs Seabd A L.ad) bs 43__ Seabd A L 6845 A Seabd A L 6845 ofs_ Seabd A-F16835 Act Seabd A-Fla 68’36 B ct 103 3034 1834 14 10044 102% | 1083 106%4 101% 101y 98 9y 10733 1073 South Bell S0 Colo Pwr 68 Sou Pacific 3% 848 So Paccol 4849 oo So Pac ref (] J— So Pac4%s 68 oo, So Pac 448 89 So Pac 4%s '81. So Pac Oreg ¢% % 95 108! 108 | 803, 0% | 11134 11134 1005 1003 104 104} 914 9% 106 105 1013 101% 110 So Ry flt- ‘56 SORYM&O ¢s So Ry Mem div 65 '36. Sou Ry St L div 48’61 S W Bell Tel 3%48 '64 Southwn G & E 48’60 Symgn G&G'5 115% 1173 10435 10436 1003 100% 1068 1053 106 106 130 130 Tenn Cent Tenn £l Pw Texas Corp 3 Texas & Pac b Tex & Pac 1st Third Ave ret < Third Ave 1st 5s '37 Third Av ad in ex 5#° Un El L & P 68’51 Un Ofl Cal Un Pac 3% Un Pao 1st ¢8 ¢’ 121% 121% 10134 1013 1168 115% 10934 10934 102% 1023 United Rys St U S Rubber bs *47 U S Pipe&Fy 3%8°46. Utah L& T6s 44 A Utah P& L 6844 Util P& L 5859 ww_. Ut P&L5%s"T . 10634 107 1483 147 1 104 104 683 69 VaS Weceonbe'ss ___ Wabash 448 18 Walker H& S 4485 Walwortb 4s 56 Warneg Bros cv 6s '39 Warner-Quin 6s°39__ Warren Br cv 6s '41 Warren Br 6s ‘41 rots W Sb Ist ¢s 3061 gtd West'n Md 1st 48’63 West'n Md 6%s 77 West'n NY&P !Mll’ll West'n Pao bb 46 A West'n Pacér'4S Aas West'n & West'n Up 68 °60 Wheel Steel ¢34 66 W Sp Bticon Te'Sbet Wiikes B&B 15158 '43 Whisoh& Cosn 66 . 10334 Win Sal S B 1st 48°60 11234 112}¢ 1123 WisCent Istgn 48 ‘49 3& 343§ 343§ WisClistgnds'49ct 32 32 33 WisCS&DTrmdés'3¢ 25 25 K Thewa saTaUes). Tm S&T és 'll-- 46% | 10834 1083 | 2934 1939 | 13% | 9}y 9534 | 94dy 9ah | 9915 99dg | 3634 3534 1483 1045 104% 664 663 16, 1936. INVESTING FIRM DRAFTS CHANG National Investors’ Corp. Reveals “Mutualization,” Consolidation Plans. BY the Associated Press. NEW YORK, December 16.—Na- tional Investers’ Corp. big investing company identified with Buffale and Detroit financial interests, and its three principal affiliates announced today plans for “mutualization” and consolidation to take advantage of | provisions in the Federal revenue act of 1936. The move held wide interest for ‘Wall Street as the first of its kind for a Jarge management type of trust of the “closed” variety. Many believed it might indicate a swing of investment managers to the “mutual fund” form. The affiliates, which will be merged with National Investors as the second step in the plan, are Second National Investors' Corp., Third National In- vestors’ Corp., and Fourth National Investors’ Corp. “mutual fund” set-up provided in the revenue law, which affords advantages over other forms of organization. is that the company agrees to buy back | its shares from. holders on reasonable notice at a discount of not more than 3 per cent from liquidating value. Each of the four concerns, which have combined resources tualized, the plan provides, and then ali will be merged into a single unit of the mutual type. Stockholders of the three affiliates will be asked to approve mutlazilation at special meetings called for Decem- ber 29 and to act on sale of their assets to the new merged company at another meeting January 12. On December 29 shareholders of Na- | tional Investors will pass on the plans of affiliates, since National is a very substantial holder of each of the other three. Merger with the three will also be submitted to the meeting. P}{ILADELPHIA PRODUCE. PHILADELPHIA December 16 7 Dressed poult 1a%:i nearby i: old hens. Wesiorn YHRETT capons, FIRST TRUST LOANS Reasonable Rates and Commissions Tyler & Ru!herford Inc. ] 1520 & st AW a) 0435 ot Camraonicen Mutuss Benefit Life Insurance Co On Washington Real Estate { Current Rates and | Courteous Treatment /] PERCY H. RUSSELL CO. | 1731 K Street N.W. #3% | 298y 27y roperty. Refinancing— Avplications HOME LOANS to build or refinance '} INTEREST 5% as low as PAYMENTS low as per $1,000 | MBIA | BUILDING ASSOCIATION 716 11th St. N.W. BUILDING LOANS at Low Interest Rates (Monthly Repayments) WE HAVE ample funds available for loans on large or small projects in the Dis- trict, nearby Maryland and Virginia. It will pay you to, find out about our Mortgage Loan Plan. WEAVER REALTORS Morgare Loan Corropmdent Maropolisen Lifo Inmerencs Company WASHINGTON BUILDING DISTRICT 9486 The principal requirements of the | of about | $45,000.000, will be individually mu- | FINANCI1A L. Climb in Exports To All Sections Of World Shown By the Associaed Press. Increases in exports to all sections of the world during the first 10 monlhs‘ of this year were reported today by*the | Commerce Department. European purchases increased from $774,005,000 in the 1935 period to $842,- 184,000 this year. Among individual countries, exponsl to Canada rose from $273.962,000 last | year to $315,476,000 for the first 10 | months of 1936. Shipments to Prance climbed from $82,402.000 to $102,316,000. those to Germany from $65.092,000 to $82,039.- | 000 and to Japan from $149,326,000 to | $163,771,000. | Sales to Italy declined from $55,347.- | | 000 to $47,492,000. Imports during the first 10 monthsw of this year increased from all geo- graphical divisions except South Amer- | ica where a slight drop from $235,163 - | 000 to $234,949,000 was listed. RUBBER FUTURES. NEW YORK December 16 (.—Crude Tubber futures opened steady. 19 to AR | higher _“December unquoted; March 2 9; May 20.15. | MASSACHUSETTS INVESTORS’ TRUST Prospectus Will Be Sent on Request A. 8. Gorrpes & Co., Inc. Woodward Bids. Natl. 2000. EXCHANGE PAYS BONUS. NEW YORK, December 16 (#). — Employes of the New York Cocoa Ex- change received a special bonus of one week's salary. The annual Christ- mas bonus wiil be distributed later in the month. L L SR A E R e Investments 1/ 0/ First Mortgage 5/2 A Real Estate Notes Sccuud by new dwellings in ction of Wasl on. lndley. Beall & Hovn':l, Inc. ntanluned Nearly 40 Years NA. Southern Bids. Money for Construction Loans Loans on l-;:oved Properties 2% FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 indiana Ave. N.W. Nat’l 0350 A Fine Xmas Gift . .. Additional Protective INSURANCE Your wife and kiddies will have a merry Christmas, as long as you, too. are present. But if something should happen before next Christmas. what then? Give this practical gift! J. Blaise de Sibour COMPLETE VESTMENT SERVICE Quotations. Orders Promptly Executed in Any Market Local Securities. WAGGAMAN, BRAWNER &Co. 1700 Eye N.W. ME. 3860 2% MONEY AVAILABLE For Construction Loans and Loans on Improved Propert in the District of Columb Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAWL 1403 LOANS FOR BUILDING We have ample funds to loan for the con- struction, purchase and refinancing of homes. BUILDING ASSOCIATION John L. Weaver, President Edward K. Jones, Secretary Phone Dis. 9486 Washington 8ldg. and Company INSURANCE BROKERS 1700 Eye St. N.W. NAtL 4673 First MorTcace |.oms| District of Columbia— Nearby Maryland — lond /ugmm_. Business 5 Properties Terms from 3 to 15 Years |Also Monthly Payment Loans |Randall H. Hagner & Co. Incorporated MORTGAGE LOAN CORRESPONDENT | New York Life Insurance Co. |1321 Conn. Ave. N.W. DE. 3600, Homes Apartments First .Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5Y2% Prompt Action B.F.SAUL CO. 925 15th Street Natl. 2100 ON IMPROVED D. C. PROPERTY Immediate attention on your appli- cation for buying, rebuilding or refinanc ing. Loans repayable monthly. No charge for appraisal if loan is not made. Interest balance charged only on unpaid of principal. E QUITABLE CO-OPERATIVE lucky you have heen? ables belong only in a never in the home. for as little as $3.00 a Under United States ol ’vuv" ki m NER Buwpine A ssociaTion 915 F STREET N.W. Organized 1879 Read Between The Lines When you read in the papers of fire losses and burglaries, are you content to think how Do you get the hint between the lines? Valu- Safe Deposit Box, and You can rent a lock box in our modern vault year, e Mem Federal Reserve System Federal %qoo!ltflmu/mna Government Supervision == OF THE DISTRICT OF COLUMBIA FIFTEENTH AND W STREETS, = NORTHWEST