Evening Star Newspaper, January 18, 1937, Page 13

FINANCIAL CORPORATE BONDS URN IRREGULAR Losses and Gains About Even—Rail Loans Gen- erally Lower. Bond Averages Ras. XndusL o Pl Net change. ____ +.1 Today, noon 98910411028 139 Prev. day... 98.9 10401028 1739 Month ago_. 96.7104.0101.9 714 Year ago__. 90.1103.31015 70.9 '36-37 high_ 98.9104.4103.1 739 1936-7 low.. 86.9101.8 993 67.6 1935 high... 87.81022 998 704 1935 loW.... 764 922 845 655 1932 loW.... 45.8 40.0 646 42.2 1928 high...101.1 98.9 1029 100.5 10 Low-Yield Bonds. 113.4 Prev. day_113.4 Month ago113.1 Year ago. 1108 '36-7 high113.7 1936-7 low 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1932 low_. 86.8 (Compiled by the Assoclated Press.) By the Associated Press. NEW YORK. January 18 —The bond market presented an uneven appear- ance today with plus and minus signs about evenly divided. Brokers said big buyers were hesi- tant in offering support pending clar- ification of the Federal Reserve Board's attitude on the predicted increase of member bank reserve requirements. Then, too, there was discouragement that hoped-for peace in the General Motors strike appeared to have been delayed. Rail loans, which would be partic- ularly affected by any long drawn-out stoppage in the motor industry, were Sff generally by fractions, although one or two favorites moved up a trifle. Among the utilities there was some selective support. American & For- | eign Power 5s, American Telephone 348, Consolidated Edison 3}4s and In- ternational Hydro-Electric 6s advanced | a bit. United States Government loans | were generally off, some issues being down around !5 of a point. $2,555.239 Earned By Allied Mills In Twelve Months: By the Assoctatea Press. NEW YORK, January Mills, Inc., fertilizers, feeds and food | products, with plants in Eastern and Midwestern States, reported for 12 months ended December 31 consoli- dated net income of $2.555.239, equal to $2.88 a share of capital stock, against $2.126.891, or $2.40 a share, for the 12 months ended December 31, 1935. Company's fiscal year ends June 30. INVESTING COMPANIES NEW YORK. January 18 (. —New York Becurity Dealers Assoctation a i Adinin Fd 2d_Inc A ormess BhEs = Am Gen Eq Inc m Ins Stocks ancamer Blair Corp Tr = Crum & Forst Ins E Crum & Forst Ins 7 Cumulative Tr 8h Fixed Trust Sh B Found Tr 8h Fund Investors I Gen Investors Tr Group Sec Agriculture Group Sec Automobile Group Group Group Group Groun Group Group Group Se Group Group Huron Incorp Investors Incurance Group Shrs Investors Fd Keyston Cust Nnd B Msjor Shrs Corp. aryland _Fund GRTE Sec Invest Shrs__ Sec Merchandise Super of Am Tr BB Super of Am Tr S, Trustes Wellington Fund CHICAGO LIVE STOCK. CHICAGO, January 18 (P (U. S. De- uzmrm of Agriculture) —Hogs. " 24,000, ncluding 5.000 direct: light_and medium weights around steady with Friday's aver- to shippers: others weak. ending : sows weak to 10 lower: extreme bulk d lnd choice 180-300 best early. 9.85. Cattle, 17,000: ci .500: fed ‘steers and_ vearlings unusually s lower: choice to prime Sharing deciine in Tace of marrow shipper gutlet due”to recent declines in dressed 1 She_stock. weak {0 25 lower: lar steer and heifer run with most hel &rading medium: wood to choice grade pferins steady “to 25 lower: very little g well finished enough to sell -bnve n 50: cows weak to 25 lower, with cutter grades weak: bulls steady at 6.65 dowi mostly, 12.00 tive top around 10.25: fat sheep gnre y stesdy. 5 NEW YORK PRODUCE. NEW YORK. January 18 (P _Butter. crelmerfly higher centralized (o State whole-milk B sy e 330 !E chenkl 8. uie y freight! .ncalored mixed with z : 2: fowls, col- roosters, 12; lurlen. . -U. S. TREASURY NOTES. {marted by Chas. D. Barney & Co) SR G R et EPEEEE 18—Allied | & TREASURY. High, 101.20 105,28 104.12 103.13 103.6 104.19 106.2F. 108,16 108.13 108.7 109.4 107.11 108,11 109.5 101 23,5 1956-59.. 108, 275 1955-60-. 3s 1951-55 314 1946-49_. 3145 1949-52 3131941 _ 31,5 1944-46 335 1940-43June 335 1941-43 Mar 4%5-31%51943-45 43451947-52 108, 35 1947_ 81949 3% s 1964. HOME 218194244 2% 1939-49_ 381952 . FOREIGN BONDS. High. 9614 2615 o 163 1634 141 15% 10234 10234 1013 101% 1024 1024 102% 10214 1024 102}% 10239 10935 1084 10615 1093, 116 203, 201 203 213 <5y 451 106.1 105. Abitibl Pa&Pw 5s 53 Agr Mtg Bk Col 65’48 Akershus 5s 63 Antioquia 7545 A Antloquia 7s'45 D Antloguia 1st 7s'57_. Antioquia 3d 7s '57 Argentine {1%s 62 Argentine 6s ‘57 A_ Arzentine 6558 B ___ Argentine 6s 59 June Argentine 6s ‘59 Oct Argentine 6560 May Argentine 6s ‘60 Sept. Argentine 6s'60 Oct __ Argentine 6s ‘61 Febr. Argentine 6s°61 May_ Australia 41,556 Australia s’ Australia 5s°57 Belgium 6s 55 Belgium 615 '40 Belgium 7s 55_ Brazil 8s 41 Brisbane 58 °57 Buenos A 4 Bue Af 43 Bulgaria 7s 67 July coupon off ____. | Bulzaria 71:s 68 May coupon off _. Canada 2123 " Canada 3%s '61.. Canada 4s'60 Canada 5s° Chile 6560 _ Chile 6561 Jan Chile 63 '61 Febr. Chile 6s Chile 6s Chile 6s°63 Chile 7s ‘42 Chile Mtg Bk 6s 213, 21% 228 1634 181 18% 18, 163, 33 33 973 981, 1008 615% 105, 1054 . 100% 105 3 5 Chile Mtg Bk 6%s'61_ Chilean Mun L 7s ‘60 Colombia 6s 61 Jan Colombia 6s 61 Oct Covenhagen 4 Covenha Czechoslovakia 88 '51 Czechoslovakia 8s '52 Denmark 5 Denrpax Kk 6s 42 < | Dominic 2d 632540 | Dominic i1st 5128 42 __ | Finland 6s 45 Frankfort 6 ! French Gov Ger C Bk A s Ger C Bk A 6s 60 July Ger Gen Elec 7s 45 | Ger Gov 534565 8t | Ger Gov 5335 65 un st. | Ger Rep 78 49 stpd Ger Rep 7s'49 un s Grt C El Jap 6%s '50 Grt CEl Jap 7s ‘44 Greek Gov 65 '68__ Haiti 6552 _ Helsingfors 6%s ' | 1taly 78 ‘51 \ 1talCrd P W 7s'47TB |[alPUCra 7s Japan 53865 | Japan 634s ‘54 Karst6s "43 ct st prin Ka adt 6s 43 ct stp. Leipsig 7 Lombard Elec 7s'5 Medelin 6128 54 ¥ Mex 4s 10-4 L Mex 48 10- 45 asst sm Mex 4s 53 asst AMtlan 61:s Mot cotnono | New So Wale | Nord Ry 615s | Norway “Y4s | Norway 41,8 '56_ Norway 55 '63 rway 63 43 Norway 65 44_ Oriental Dev 5 { Panama 58 63 up as._. Pernambuco 7s Sept coupon ofl..._. Peru 6s'60_ Peru 6s'61.. Peru 759 Poland 7s 47 Poland 8s'50 Porto Alegre 7% July coupon off Prague Gir 7138’ Prussia 6852 Prussia 6%s'51 Queensiand 7s *4 Rhein Rhur 6s 51 Rhinelbe Un 7s'46_ Rhine W E1 P 7850 Riode Jan 6%s 53 Aug coupon off Rio de Jan 8s 46 April coupon off ___ Rio Gr do Sul 6368 June coupon off Rlo Gr do Sul 75’66 May coupon off Rio Gr do'Sul 7s'67 June coupon off Rio Gr do Sul 8s '46 April coupon off. Rome 61%s'52 Rumania 7s *49 Aug couponoff ___ Sao Paulo C6%s '57 May coupon off | Sao Paulo St 65 68 | _ July coupon off Sao Paulo St 7s '40. Sao Paulo St 7s 56 Sept couponoff ___. Sao Paulo St 8s '50 July couponoft _ Serbs 7s ‘62 unm c o.. Serbs 8s ‘62 unm co.. Silesia Prov 7s'58 __ ia 75 *46 Febrc o_ Taiwan Elec 5%8 71 Tokio 5%s '61 Tokio E L Ltd 65 '53 Uruguay 6860 .. Uruguay 88 46....... Warsaw 78 '58 ______. Yokohoma 6s 61 . 8034 Adams Express 48 '47 Alleg Corp 58 "44 Alleg Corp 5s 49 Alleg Corp 58 '50 stp . Allied Stores 4%s ‘50 Angzlo-Chil Nit 7s ‘67 Am & For Pw 55 2030 Am Icecv 58’53 Am | GCh6%s 49 Am Intl 5%8 49 Am Tel & Tel 3% 861 Am Tel & Tel 3%s 66 AmT & T 4%s'39 AmT& T 5%s 43 . Am T F 2%s-55'38-'60 Am Wat Wks 6s'75 . Am Writ Paper 65 4 Anaconda deb 4% Armour & Co 4%s '39 Armour(Del)1st 48’55 Armstrong C'k 48 '50 .. A T&S Fe 48’0 55 - A T&S Feadj s A T&S Fe gen 4s 95A - ATT&S Fe d%s 48 111 106% 100 8635 64 101 3834 87y T 109 1058 10234 102 12l nz 174 110 834 10634 104% 100 107% 107% 106, 104, 108.¢ 108, 108, 107.¢ 109, 107.! 108, 109. 120. i 10085 5 1093 { 1063 DOMESTIC BONDS. By private wire direct to The Star. 2:55. 101,16 105.26 104.12 1039 103.6 104.16 106.22 108.18 108.13 108.7 109.4 106.11 11 108,11 5 109.b 26 120.26 Low. 16 25 12 9 2 15 13 6 4 11 FEDERAL FARM MORTGAGE. . 105.14 105, 10514 105, 106. OWNERS' LOAN. 10228 102.27 102.27 102.29 102, 104.29 106, 13 105.13 12 105.12 1 1061 28 102,28 Low. 24 261 9833 16 1634 143 1435 102 102 10 1024 109% 108% 106 109 115%° 20 20% 20% 537y } 1025 80 814 833y 23 20 4 100% 10214 109, | 11435 | 21% 102 1144 213y 213 211 213y 213y 213 213 16% 17% 18% 1815 1625 214 218 2113 21 16| 181, 184 163 32, 97l4 gule | 1003 [ 1087, 1051, 1008, 10095 €034 | 1054 10514 | o’y H"; C Ash: THE EVENING STAR, WASHINGTO BONDS ON N. Y. STOCK EXCHANGE High. Low. A(ln&Ch AL 5544 Atl Coast Lclt 48 °52... At1C Lun4%s’64 Atl Coast Line 6s 45 Atlantic & D 1st4s ‘48 At1G & W 158’59 Auburn Auto 4%s’39. B&O 1st4s 48 B&O 4%s 60 O ref 55 '95 58 96 F___ ref 5s 2000 ref 6s'95 C PLE&W V 4841 O Swn 6850 B & O Toledo 4859 Bang & Aroos cv 4 Beth Steel 3%s '66 Beth Steel 4% 860 Bos& Me 4%s'61J.. Bos & Me 58 °55 Bos & Me 68 °6 Bot Con M 6% o o o o DEWWwEE & & & & & & - em 51 Bklyn C RR 53’41 Bklyn Ed con 31, 8°66 BElyn Man T 4%8 6| Bklyn Un El 58* Bklyn Un Gas bs Buft R&P con 4 BCR&Ncl5s'34 BCR& N5s'34ctfs__ Bush Term Bldg 5s 60 ;| BY-Prod Ck 533845 Camag 78 42 ctfs Can'dian N R 4} Can'dian N 5s'69 July Can dian P db 4s perp Can dian Pac 45 ‘46 Can dian Pac 4%s Can'dian Pac 5s 54 ___ Caro C1& O 5s'38 Caro Cl & O 6s Car & Gen 55 50 4 Carth & Ad 4s ‘81 std 4| Central Fdry cv 55°41 Central Fdry cv 6541 Cent of Ga con 5s Cent of Ga Cent of G Cent Ga MG&. Cent I E& G Gs " | Cent N England is’ 61 Centof N J gen Cent Pac 1st rf 4s Can'dian Pac 58'44 cfs Cent Pac 5s '60 Cent Steel 8s 41 Cert'd deb 5.8 48 Chesap Ccv bs 44 | Chesap Corp 584 Ches & O 31; Ches & O 315 C & O con 5. = C & O Potts Crk 45'46_ Chi & Alt ret 3s°49 Chi B & Q gen 4s° Chi B & Q ref 5571 | “hi& | Chi & Chi Grt West 4s Chi | & L gen 5s 66 CMStP4s 89 | Ch&stP gn 4135 35C s |l. s ('\l&\ll”&l’ndj 582 flflD W 41 Chi & “ 4l Chi & Chi & NW llr‘n 58 87__ | Chi & NW rf 582037 _ | Chi RI&P rf 48 Chi R I&P rf 4s'31cte Chi R I&P gen 4588 Chi R I&P 43,8 Chi 3 I&P 43;5 ‘52 ctf | Chi R I&P 45 60 Chi T H&S $°60 _ | Chi T 1i&S Inc 5560 _ Chi Un 4s 63 E Chi Un Sta 4544 Chi Un Sta 4563 { Chi & W Incon 4s'52. Chi& W Ind 43,862 Childs & Co 5s " {CInG&E34s66 Cin Un Ter 3128 D gtd | CCC&St L gen 48y | CCC&St Lrf 4355 77 E | CCC&St Lret 58 '63 D CCC&SLL StLdv 4890 Clev Short L 43s'61.. Clev Un Tel 41:8 77 Clev Un Term 5s'73 B Clev Un Ter 5%s '72A. Comcl Credit 3%, s'51_ Colo Fuel & Ir 58°70__ Colo & So 415580 Columbia G & E deb 5852 April | Columbla G & E 58 ‘52 May Columbia G&E 55 '61 . Colum Ry P&L 4s'65 Com Inv Tr 31es'51 Conn R&L 41:8'51 stp Cons Coal Del 55 60 i Cons Gas NY 438 ‘51 | Consol Oil 31gs ‘51 Ccnsum P un 31,5 '65 Cons Pwr 3} Consum Pw | Crane Co 3 CrownC & i | Crown Will P 6551 Auu. 1% 103% 10135 10633 m;u. 101% 108% 1013 1063 % % 28 21% 21% 284 7 €034 38% T4y 6% 7 763 68 693 8% 8034 106% 10034 b 631 1005 38y 86 9034 108% 1053 101% 1013 1z 111% 174 110 3 1058 1083 9974 100 1075 107% 107% 107% 1053 1005 2634 63% _ 10974 10974 109% 115% 116 115 11034 111 ), 1063 | | Cuba KR 1st 5s Cuba Northn 5%s '42. Del & Hud ref 45 *43 Del & Hud 5%8°37_ Del P& L 414869 Den & R G con 45 '3 Den&RG 413836 Den & R G W 58 '55 Den & RGW 68'55as| Den & R G ref bi Detroit Ed 4s " Det Edison 58 '5: Det River Tun 4 DulSS& At5s'37 ___ Duquesne Lt 33556 . El Paso Nat G4%s'51_ El Paso Nat G 43 s'46. Eriecv4s 53D __ Erie cons 4s Erie gen 45 96 Erie ref 53 67 Erieref s 75._ Fairbks Morse 4s°56.. Fla EC Ry 5874 Fed L&Tr 6s 54 B Fla EC Ry 5s 74 ctfs Francisco Sug 6s'56 Galv H&H 5%s'38 Gen Mot Acc 35 46 _ Gen Mot Ass 3% s'51_. Gen Stl Cast 53549 . Goodrich 414 8°56 Goodrich 6s ‘45 Goodyear T&R 5s 57 Goth Silk H 5546 ww Great N Ry 48 46 G Great N Ry 48 46 H Grt N Ry ref 4%s'61 4 Grt N R ger: 4%s'76 D Grt N Rgen 4%s'77 B Grt NRgen68'73C__ Grt NRb6%s'62 B Green Bay b Gulf M & N 58°50 _ Gulf M & N 5%s'50 Gulf Sta Stl15%s 42__ Har Ry PC 1st 45 °54_ Hock Val 4148 99 H'satonic con bs Hudson Coal 68 52 Hud & Man inc 5s°57 Hud & Man ref §s ‘57 111 Bell Tel 3%s'70 111 Cent 3%s '5: 111 Cent col tr 4s°52 111 Cent col tr 4863 111 Cent ref 4s°'55 . Il Cent 4% s 66 - 111 Cent Omaha 3s'51. Il Cent St L3s°51. _. 111 Cent W L 1st 45’51 ICC&StL N O4%s’63 .. {CC&StL N O bs ‘63 Inland St1 $%s 61 Int R'T 1st rf 5866 1R T 1strf5s'66 ctfs IntRT 32 . IntRT 2 IntRT interlake 55 Int Cement 4345 ... Int Grt Nr 5856 B.. Int Grt Nr 6s°'52 A Int Grt Nr adj 6s'52 A_ Int Hydro Elec “1t Mer Marine 6s°41. .nt Pap 1st 58'47A __. Int Pap ref 6s ‘66 IntRyofCA Int Ryof CA 68 41. Int Ry of CA 6% 47_ Int T&T cv 4%s ‘39, Int T&T 4%8°62- - 108%° 108 ~ 10134 10134 101% . 1154 115 _ 1163 114% 114% - 108% 2:58. 115% 11b% 116% 993 99 99 99l 99y 9974 10634 106 106 59 b8Y 68% 8334 835 83K s 81} 844 1084 8 s 1% 933 9344 934 931, 9% 934 ¥3l 93 93 10834 108 1084 105 104% 104% 10636 1063 1063§ 99 98l 99 1153 115 116% 991 9 99 10634 105% 106Y% 843 84 84 893 89% 89 8yl s8% 89 383 37 384 88 36% 38 10474 10435 10434 104 103} 104 116 108% 108Y 10845 92 9155 92 3 29% 30 30 30 30 66 66 66 102% 10234 102% 378 363 363 116 115 us 995 104 116)4 1153 11434 11435 s 18 985 ¥9 104 104 10514 1047 105 10835 1093 10985 10634 106Y; 105%4 10834 10934 109% 1064 10 % 106% 9334 9534 98lg 119 1153, 119 222 20434 222 833 3884 203 203 2014 2235 103 67 873 m% 1163, 104 i 1254 yidy 135 16314 10214 1018 108% 1| Mor&E: 83% | | Minn High. Low. 2:55 Int T&T 6865 onee. T8 78 784 James F & C 4s -- 100 99% 1008 Jones&L Stl 434 8'61A_ 105)§ 106) 10534 Kans CF S&M 4s°'36 . 65% 66 65)( Kan CFS&M rf4s'36ct. 64 64 64 Kans CSo 15t 38°50 _. 93}§ 93} 933§ Kans City Soref 65°50 991 9ul§ 99l Kan C Term 1st 45 '60. 10934 10934 1093 Kans G &E4%s '80 10339 1033 10334 Ky Cent Ry 4s'87 116% 116% 116% Kings Co El 48 " 10734 10744 10744 Kresge Found 4s'45... 110 109% 110 4 Laclede Gas 58 '39__.. 100 100 100 Laclede G 5%s'53C.. 70 69§ 694 Laclede G 5%s '60 D. 693 694 69 Laclede Gas6s’42A.. 65 63} 65 Lake S&M S0 3%8°97_ 109 109 109 Lake S&MS 33,5'97 rg. 108 108 108 Lautaro Nitr 6s’64. _. 89 88% 89 Lautaro Nit 6354 cf) 38%; 38, 38Y Leh C&N 4%s°'54 A___ 10635 10614 106}5 Leh Val Coal 5s'54___. 17} 7% 17% weh Val Coal 58 'T4_.. 721§ Ti% 72% Leh Val Coal 6s'38__. 100 99% 99% Leh Val Har 6s 54 105% 105 105 LV NY 4%:8°40 gtd __ 10234 10234 10234 Leh V Pcon 482003 _. 68% 683§ 685 Leh VPcon4%s2003. 76 75 754 Leh V RR con 55 2003 84 8315 83} Ligg & Myers 58°51__. 12614 12634 126l Loew's 31,846 101 100% 1007 Long Isl ref 4s°49._. 106 105%; 105%; L &N 5s'37_ 101 101 101 Lorillard 5555 - 12334 12314 1233 Lorillard 7s 44 13335 183 133 La & Ark 55’69 _ 100% 100 100% L & Nash 3%s 2003 935 VI 9Ty L&N 1st4s 2003 103 103 103 L & N 41552003 C.. 107]§ 10734 107§ L& N 552003 B S110 110 110 L&NP MA4s'46 1113 1113 111% L & N So Mon jt 48°62. 100 100 100 McKess&Rob 5% 5'50 . 10434 1034 104 Me C RR £n 4% S'60A_. 827§ 821; 823 Manhat Ry 4s 90 563§ 0613 56k Manhat Ry 4s'90 ctfs_. 53 62§ 527 Mid RR N J 55 °40 89y 8915 8ulg Mil Il R&L 5861 10435 104% 1043 Mil Spa & N W 4847 LEE R L H (Minn&SLrf4s49 .. b 6 St L 58'34 ctfs. 14 o 111 5s Moh &T l‘al 4s " 90 MOK&T4%s Mo K & T 53 6. MoK & T ad3 5867 Mo Pae 1575 Mo Pac 5 | Mo Pac Mo Pac Mo Pac 58 78 Mo Pac bs Mo Pac 5s '80 H ctfs Mo Pac 58 '81 1 Mo Pac 5381 I ctf. | Mo Pac 7849 A Mob & Ohio 41577 Mob & Ohio 5838 Mohawk & M 4s %9 Monong Pub S 414 Monong Pub S 6s Monong Ry 18t 48 60 . ex 3158 2000 114 9615 9514 101% Morris& 4 Morris&Essex 53 ‘55 _ Natl Dairy 34 s'51ww Natl RM 1st 45'51 asst Natl RM 4s ‘77 asst___ Natl Steel 4565 _ New Eng RR 5545 I T&T 41 New E T&T 1s New Orl P S 555 New Orl P S 5s New Orl Ter 1st 48’ | New Orl T&M 51 s'il NY Central 31,8 £ Y Central 33,s Y Cent ¢s 42 Y Ce “ent con 4s°98 1244 127 1023 10285 124%§ 127 1028 10214 100 53 10434 1038, A B % 1037 | 1093 | 1063 9834 10434 i 1043 118 108% 110 1128 100%4 9134 4 1043§ 10434 10435 10434 10739 1053 1073, 67 10815 10644 106%, 106 1035 1u6by 10874 1024, 106} 10524 62 1054 | 107 106% | 106l 1074 mfih* 62 9535 101 ;1028 1054 36 36% 22 21 32 110% 1085 1187 6634 3224 u 118% 6635 109 1093 10435 1043 17235 1713 9235 9234 1061 106% 92% 92 89 8815 883 83k 10835 1043 18% 18 1088 108% 18 174 8515 85 100 100 1045 10434 10334 108% 97k 97 101% 101% 1064 1085 10445 104 107 106% 128% 128 10934 109 11634 116% 108%; 108% 10734 10734 115% 116% 18 117% . 414 101% 101% 1063 10634 9% 998 98 98 8474 84y 10924 1393 90 9% 9434 89% 90 95% 8% 893 2 92 10134 10134 101%; 1013 14634 146 8% b 864 3634 12}y 123 8744 85% 7% 76 102% 102 10034 100 93 93 1015 101 101y 101 100§ 100% 8814 8845 8814 s 4 A 102% 1003 93 | North Sts Pwr 5864 __ NYC&St L 1st 48 '37 ‘\YC&blLl‘rzl NYC&St L 5%,8'74 A_. NY Chi & St L 6s°38 _ NY Conn 1st 4%,8'53 __ NY Dock 1st 4551 NY Dock 5538 - NY Edison 3y 5 D_ NY Edisref 3,5 '66__ NY G El H&P 4s5'49 NYL& W 1st 48'73 NYNH& H3%s"54 NY NH & H3%s'56 NY NH & H 4556 NY NH& H 4s°57 NYNH&H 4%s'6 NYNH&Hev 6s'4. Y NH & H Cons Rys 485 | NYNH&HCR 4556 \Y O&W ref 4s 92____ { 10435 10434 9939 991 107% 107% 704 70 704 651, 66 65% 104% 104% 104% 106} 1043 106 n7 17 ur lOBK 1053 10634 94l 9415 106 106 603 61 108%; 1088, 19 193 10945 10915 30 313 284 31 9% 793 12: 122 105% 105% 1053 106% 811 1t ¥ Rvs inc 6s 65 Y Tel zen 4% ‘39 NY W& B43s 46 . | Niag Falls P 313866 | Norf So 1st ref s ‘61 orf S 1st r{5s'61 efs orf So Ist 5841 ___ Norf & W 1st 4596 __ North Am Co 5861 North Am Ed 6865 C Nor'n Pac gen 352047 Nor'n Pac 48’87 = Nor'n Pac 43 s 2047 orth Pac 582047 C orth Pac 6s 2047 __ North Sts Pw 4158 61 North S P 1st s 41 A_ m 1093 110 11135 1113 10534 10634 10314 1034 108 108 80 80%¢ uz 12 10634 106% 114% 114Y% Ogden L C 4548 Ohio Pub Sve 7s '47_ Ohlo Edison 48 '65 Ont Pwr Niag 68 '43 Oreg Sh L 53 '46 gtd Ores W RR 4s'61.. Otis Steel 6s '41_ PacG & E3%s 61 PacG&E4s 61 ___ Pac RR Mo 2d 58 '38 _ Pac T&Trf 3 6 B. Pan Am P C 6840 Pan Am PC 65’40 ctfs. Para Broadway 3s '55_ Paramount Pic 68 '55. Park-Lx 648 '53 ctfs_ Parmelee 68 44 L'enn Co 4s 63 Penn Dixie C 6s°41._. Penn P&L 4%s 81 Fenn RR3% Penn RR 4% Penn R R 4%s'84 Penn RR con 4% Penn RR gn 4 %8 55 - Penn RRdeb 4%s 70 Penn RR gen 55 '68 People GL&C rf 58°47_ Peoria & E 1st 45840 Peoria & E inc 4s'90 Pere Marq 1st 4 Pere Marg 4% Pere Marg 1st 58 °56 Phila Co 6s 67 107 1073 102 102 1064 107 110% 1108 1003 10034 10034 105~ 10434 105 513 B3y 61§ 52 Blig b1 74 T3 13y 10034 100% 1005 404 401 4oy 6% T6% 7635 10615 1063 1065 10014 100 1004 105% 1053 105% 103 10234 103 11034 11035 110%§ 1103 110 110 12434 124% 1245 14 114 114 106% 10635 10634 122 122 122 16 116 116 9814 8§ UBY§ 20 193 193§ 100 100 100 1033 103% 1033 105% 1053 10534 10614 105%; 1063, 102%; 1023 102% ok a1 a1 2434 23% 2414 12814 123} 128 9% 9 95 5 9% 94l Y 5% 1BY 83} 83 831 44 43l a3 1053 1053 1055 9 9T 97y 125 12334 126 100 100 100 1288 1225 132% 1087 10834 103 10734 1075 10734 1125 11216 11215 PCC&StL68'15B .. Pitts&W Va 4348’58 A Pitts&W Va 4148°60 C Port Gen El 4%s 60 Porto Rico A T 6 Postal Tel & C 63 53 Potomac El P 3%8'66. Pressed Stl Car 6s 51_ Pure Oil 4%8°50 ww__ Purity Baking 58 "48 __ R-K-O 6s 41 = Reading Jer C 48°51._ Reading R 4%8'97 A_ Rem-Rand 4% s'56ww Republic St1 4% 866 Revere Cop 4% 856 __ Richfleld O 68’44 ctfs.. RioG Wool 4849 A__. RIA&L 18t 4% Rutland ]R %841 Saguenay Pwa s’ StLP & NW b5s 48 _. 108% 1063%¢ 106% 60} 60 60 523 52§ 62 24 23 -28 311§ 3K 81 lom 10434 10434 46 St L-S Fran §s'50 B St L-S F 58°'50 Bclfl StLS W ist4s'89_ StLSW2d4s'89 St LS W 1st ter 68'52. StLSWgnrfbs 90._. St P & Duluth 45’68 StPKCSL4%s 41__ 254 25)4 26} StP M&MEGT4%s'47. 33 33 33 St P M&M ext 58 ’43__. 10834 1085 10334 St P M&Mex 4s°'37___. 10134 10134 10134 A 803 th 109% IMK 8134 | 1053 1053 | 12214 12214 | S S.E. C. REQUESTED 0 PROBE MARKET Stocks Ahead of Business Recovery, Credit Men’s Chief Warns. By the Associoted Press. NEW YORK, January 18.—Warning that “the stock market is still running ahead of business recovery,” Henry H. Heimann, executive manager of the National Association of Credit Men, called upon the Securities and Exchange Commission today to make a study of speculative accounts. The present bull market, he said, “may to some extent, and by some authorities, be justified, since the stock market often anticipates business recovery. But it seems rather evident in this particular stock market situa- tion that the distance between re- covery effected in the securities world and that effected in the business world 15 out of proportion, “During the past 12 months, the stock market has gone up at a greater pace than it did in the first year of the ‘new era’ market preceding the 1929 crash. In that previous upturn the gain amounted to 15 per cent in the first year, whereas during the first 12 months of the current rise the stock market gained 48 per cent.” Heimann proposed the Securities and Exchange Commission analyze “a fair cross-section of speculative ac- counts on brokers’ books and publish results of the analysis in an effort to “limit speculation by publicizing the general lack of success of the majority | of those who speculate.” Washington Produce. 1 BUTTER—02 score. 1-pound prints, 37, 4-pound print, pound prints, 36 ouAd Drints. 33; “tub, 5. Market very strong MEATS—Choice beef, 17: lamb. 19: pork_loin. smoked ham. 26: sliced bacon. 33 | bacon. 28: compound. 1415: lard, 16. E STOCK—Pigs 9a light’ hogs. s, llnln‘. heavies. M' calves, 5al3; lambs, net fob. Wash- Bureau of Agri- | calves, 2. St brices pnla '«anen | n. the U. 8. Txum Economioe 8 Market just about steady. celpr il heavy and movement siug undertone "slightly ge. Ve higher and U. §. stan 13 higher = Current reeemu hennery whites. 24a24'2. Gov- graded and dated wmu esgs opers. f.ob, Wash- e "POULTRY —Market nervous and urwul'd Pfltf I;n(’hlnlfd Fowl 0]- "Delaware Crosses. * pounds and up. 10 Dollnfl.! “5a%0 each: old i “S0a2h _each ns | fal9" young | < . 0 pounds and over, 15: | No. b old hens. 14: old toms, 1 Fruits and Vegetables. Sales In large lots by original receivers o ¥ am. todns PLES One Washington arrived; one lnhrnken car on track. Supplies mod- | erate d'mlnfl mndrrn e mlrk!l steady. Bushel ba S, No virginia. Staymans -inch minimum. 1.30a1.65 Orlm!l. 4 2-ineh minimum Ch minimum, 1.10al.15; | um,! oSty 2%-inch | imum, |5n *Gorten Delitions. 15a1.15: 2la-inch mi J4-inch minimum inch minimum._ a1.75 501 Deticions, = 21a-inch mini | 1.10a : Limber Twig % "8, inch minimum, 1 sinch mi 1 ch um. 1 ; minimum. l .'mll 65 .75. Boxes and ci West Virginia and P!nnnlvlnll nation extra fancy and gancy: Delicio ew 1a ade:” Delicious, 1.5081.75; Sta s 1358185 AULIFLOWER—One _ California ar- rived: one broken and two uNbroken cars on track. Supplies moderate: demand fair. | | market slightly weaker. California. crates 1.0 ons: Virginia, ‘c‘ombl- High. Low. 2:55 [San A& A Passds’43 1028 10284 102% Schulco 612846 A stp n | Schulco 6128 46 B stp Seabd A L ref 4s'59 Seabd A Ladj 58 49 _ Seabd A L 68 45 A ! Seand A L 68 45 ctfs Seabd A-F1 6835 A ct Seahd A-Fla 6835 B ct Shell Un deb 31451 Schulco 6138 '46 A Seabd A L 48 ‘50 stp_. Skelly Oil 43°51 | Socony Vac 312850 South Bell T&'T 5841 | 8o Pac3ys qs 2 1 2034 | So Pac 4%s Ol So Pac 4%8'69 So Pac4s So Pac Oreg 4% So Pac SF T 4550 rg- So Ry gen 4866 A. So Ry M& O 4s'38 So Ry St L div Studebaker ¢v 68 15 Swift & Co 3%s 50 | SYmg G&G §%s w Symgn G&G '66 xwW_... Tenn Cent 68 °47__ Tenn El Pw 6347 A_ Term AsSt L 48°53 ‘Term Asso con 58 "44__ ‘Texarkana §%s 50 sexas Corp 3%s°51_ Tex & Pac 1st 5s 2000 . Tex & P MPT 5%s '64. Third Av ret 4s 60 Third A ad in ex 58’66 UnEIL&P5%8’54 Un Oil Calif 48 47. Union Pac 3%s 70, Un Pac 3%s'71 Un Pac 18t 45°47 Un Pac 1st rf 45 2008 . United Biscuit 58 '50 . United Drug 63°'53 United Rys St L 4534 U S Rubber 6847 _ Utan L & T & M (A). Ul P& L 63847 Vanadium cv 5841 Ver Sug 18t 75’42 ctfs Va E& P 1st ref 48'55_ Va Ry 1st 3%s 66 A VaS Wcon 58’58 Wabash 4148 '78 10034 10034 3 36 1093 10935 106 10634 1003 100% 40} 404 10854 108% Wabash 5s 80 D_. Wabash 61875 ‘Wabash Det & C 58’41 ‘Wabash Term 48°54__. Warren Br 6s ‘41 rcts.. Wash Term 315845 _. West Penn P3% W Sh 1st 48 2061 gtd . West'n Md 1st 4852 . ‘Westn NY&P gn 48'43 West'n Pac 58 46 A W 1108 1108 10934 10934 100 100 105% 106% 1108 1108 White Sew M 6540 W SpStl1st 78’35 ct W Sp Stl con 7s ‘35 et Wilson & Co 48 °55 Wis Cent 1st gn 48°49. WisC 1st gnds'49ct.. Wis CS&D Trm4s'36.. Y'ngstnS&T ‘Y'ngstn S&T ¢ 1023 1028 102% 52 81} Bl 0% 304 80§ P T 1208 128 128 10436 10436 10434 % | ed to $2,064,125, or about 7.6 per cent | | thousands of pounds) 103 | crei Big Assets Gain Is Announced by Adams Exprcss Co. BY the Assoclated Press. ORK, January 18.—Adams Express Co., an investing company, reported today net assets as of Decem- ber 31, 1936, were $51,226,621, an in- crease of $14,066,367 over a year ago. Giving effect to dividends paid and capital retirements which aggregated $2,747,600 during the, year, the report showed, the net improvement was $16,- 813,972, or 45 per cent. The net asset value as of December 31 was reported at $22.84 a share, compared with $13.04 on December 31, 1935. COUNCIL OPPOSES CHILEAN PROPOSAL Protective Group Advises Holders Not to Accept Interest Offer. B) the Associated Press. NEW YORK, January 18.—The For- eign Bondholders’ Protective Council announced it had recommended that bondholders refuse to accept pro- posals of the Chilean government to pay 1936 interest on external loans at slightly less than 2 of 1 per cent of face value. The council stated it understood | the payment offered was not a pay- ment on account, but was a payment for cancellation of the coupons and “any bondholder accepting the pay- | Rock. ment consented thereby, under Chilean | law, to the wiping out of the obliga- | tion of his holdings.” | “From information in possession of | the council,” the announcement said | “it appears the offered interest ler\-’ ice for 1936 on Chilean bonds amount- : of the total contractual interest serv- ice, approximately $26,951,284. “The treasury surplus for the year 1935, as reported by the minister of finance, amounted to 117,689,223 pesos, | or $6,180,000. This sum is a little less than one-fourth of the total con-' tractual interest service. In addition | to this surplus the revenues assigned | for actual interest and nmorlmtlon} provided for 1936 under the statute | amounted on both accounts to $4,128.- | 251. This amount, plus the treasury surplus, gives $10,318,251, which Chile might have paid during 1936 on the interest account merely by using her | collected and available revenues with- | out decreasing domestic expenditures and without increasing tax burdens.” The council, the announcement stated, is again approaching the Chilean government with a view to initiating negotiations looking to se- curing better terms for bondholders. | NEW YORK BANK STOCKS| NEW YORK. Ja Ty 18 (® —Over-the- | counter market ba and trust companies: Asked Bank of Mannattan (1%) 331, Chase (1.30, City (1) z Commercial (R) First Nmon.x (100) *Public (1! Bankers (5) Brooklyn Trust (4) Central Hanover (4) _. Chemical (1.80) Continental (.80} gorn Exchance (3) ( Ewmpir - Guaranty (12) ___ 60) s Trust (2.40) Mlnuhflurers () New York Trust (5) Title Guaranty & Trust _ *Extra stock dividend. — REICHSBANK sfinm BERLIN, January 18 (#.—The Reichs- bank statement as of January 15 (in| 4.506.000; de- orhL:000: gold, 68; increase. ign. currency reseive 5480, ae: | other bills of exchange snd 599.208: decrease. 214.9 rinZ oblizations. 7 1: advances, 4. i investments, 221 de- Crease. 1R8 . Ratio of ‘eold and foreikn currencies to notes. ! 6 per cent. Rate of | | discount. 4 per cen: Notes in circulation. mortgage notes, secured on con- nrulivnly oppulnl Investments 67 new ngs in by Maryland. Dcnominaliom of $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 Established Nearly 40 Years First MorTcace Loans District ot Columbio— Nearby Maryland — and /irginia— Homes Apartments Business Properties Terms from 3 to 15 Years (+] MORTGAGE LOAN CORRESPONDENT New York Life Insurance CO.. FINANCIAL. FASTER PACE SET AT STEEL PLANTS Institute Finds Operations| 1.8 Points Higher at 80.6 Per Cent. By the Associated Press. NEW YORK, January 18.—Opera- tions in the steel industry for the cur- rent week advanced 1.8 points to 80.6 per cent of capacity, a peak since the final week of February, 1930. The rate compared with 78.8 last week, the American Iron & Steel In- stitute estimated today. A monm ago operations averaged 'r cent of capacity, while a year axo me rate was 49.9 per cent. Bteel circles attributed the rise in output to advancement of orders originally scheduled for later ship- ment, involving automobile steel and also material for other industries. This, it was thought, might have tended to overbalance any cancela- tions incident to the General Motors strike. It had been understood various mo- tor companies were seeking early de- | livery of steel to expedite assemblies. This, it was said, was based on belief cars would start moving in heavy volume with the first signs of settle- ment of the General Motors conflict. CHICAGO PRODUCE. 18 Plnnmzmh Toosters :; Leghorn roonler!. n 18 young toms. 4 keys' 13; ducks, and colored: 15: smafl white and colored, 1 Northern geese. 14 13 capons, 7 pounds. 19. Butter. : eials "1 score), 24 extra Arsts firsts (RR-89). centralized ci 8 Egi . 20: less than 7 :_creamery. spe- Aisa; exiras 5: Eandards (00, extra firsts. fresh graded firsts. current receipts. 138: on track. 318: s shipments, Saturday. Bironser. - suppiies. Tibera trading e i hil Sacked. U No. 0 Colorado Red NieChires. U, 8 aska Bliss Triumphs. Wisconsin Round uncu Bm'bankr Dar Whites. cial. Russet mostly 2.30 quality. “small. supplies Light: bushel crates Bliss Triumphs. U. 8. No few sales, mostly around 2.15; fine auality! good color, .35 a crate. STEEL QUOTATIONS. YORK. January 18 P .—Steel 100" pounds f.0.b. Pittsburgh hot rolled. 2.30 black sheets.” hot NEW prices Blue annealed sheets. galvanized sheets. 340 rolled, 2.80: steel MONTREAL SILVER. MONTREAL. January 18 (P —Silver futures opened steady. unchanged uary. 44.80b; March. 44.75b; May, 44. b—Bid. — o RUBBER FUTURES. NEW YORK. Jnmmy !i (® —Crude rubber futures d 235 to 37 lul‘"e rch, MONEY TO LOAN ON REAL ESTATE at 50/0 Monthly Payments if Preferred Our Real Estate Officers Invite You to Confer The WASHINGTON LOAN AND TRUST COMPANY Member We are pleased MR. CLAUDE Nsw Yoar Srocx Excmawos Naw Yoax Corrow Excmaxas N. Y. Cuas Excuawce(Amoc.) Naw Yoax Prooucs Excnanos New York Baltimore 1321 Conn. Ave. N.W. DE. 3600) For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Easy Mon S Faments (%, ~Poultry. | turk»ys. hens, | N . 2 Southern geese. | Jan- 5. and MR. HARRY L. JONES are now associated with us. AUCHINCLOSS, PARKER & REDPATH T19 Fifteenth Street, Washington ‘Telephone: Metropolitan 3116 Members COTTONAVERAGE RISES & POINTS Economics Bureau Reports 1 Strong Demand With Larger Exports. By the Associated Press. The Bureau of Agricultural Eco- nomics reported a 5-point rise in the average price of cotton at 10 markets ‘luz week, compared to the previous perlnd. ‘The bureau said domestic demand for cotton was strong, with exports larger. The average price of 12.8 cents a & pound for middling "z compared with | 12.75 cents on January 8 and 11.7¢ cents on the same day last year. Sales for the week amounted to 53,000 bales, compared with 64,00¢ bales in the five business days of the previous ~ week and 82,000 for the six-day week a year ago. Inquiries for spot cotton were re- ported numerous, with the volume of sales restricted by a scarcity of offer- ings of medium and higher white grades. The trade reported domestic mill activity continued at an unusually | high rate, although mill buying slack- ened somewhat. Consumption of 3,170,000 bales of cotton in the first five months of this season was reported 31 per cent above the same period last season and 12 - i per cent larger than the first five-. months of the peak season of 1926-27, ., | when consumption reached the total record of 7,190,000 bales for the entire season. The volume of sales of unfinished - cloth was said to have exceeded mill | output for the week. Large sales of finished cloth also were reported by wholesale and retail markets. Exports of 145,000 bales for the week were 25,000 larger than the previous | week and 23,000 bales above the sam> * | week a year ago. However, total ex- ports for the season to date lagged - | behind last season. ! Japan was reported to have been the largest buyer of American cotton " » recently. 4 | FIRST TRUST LOANS Long-term REFINANCING . . Lowest Rates . . . 3-Yeor Con- struction Loans . . . 3% 3%% BOSS & PHELPS MORTGAGE <0. Loan Correspondent John Hancock Mutual Life Ins Co. 1417 K St. NW. NA. 9300 Money for Construction Loans and Loans on Improved Properties 5Y2% 0 FIRST DEED OF TRUST ONLY GEORGE 1. BORGER CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia B.F.SAUL CO. 925 15th Street Natl. 2100 to announce that H. CREAMER Crnicaco Boaxns or Taans Cricaco Mexcawriis Excrawos Comwmoprrr Excuanoe, Inc. Wasnincron Srocx Ezcmaws Wilkes-Barre Philadelphia OANS ON IMPROVED D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. Loans payable monthly. No charge for appraisal if loan is not made. Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATIVE BUlLDlNG ASSOCIATION 915 F STREET N.W Organized 1879