Evening Star Newspaper, January 20, 1937, Page 19

FINANCIAL CORPORATE BONDS REGISTER GAINS Some of Larger Advances Recorded in Response to Stock Upturn. Bond Averages Rels. Indugt. UL Pen Net change. Unc, —1 —1 +.1 Today, noon 98.7104.2102.6 74.0 Prev. day... 98.7104.3102.7 739 Month ago. 97.1103.9 1020 71.8 Year ago... 90.6103.5101.6 713 1936-7 high. 99.0104.4103.1 739 1936-7 low.. 36.9101.8 99.3 67.6 1935 high... 87.8102.2 998 704 1935 10W.... 764 922 845 655 1932 10W.... 45.8 40.0 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon -...113.7 Prev. day. 113.2 Month ago 113.1 Year ago- 110.6 '36-7 high113.7 1936-7 low 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 1044 1932 low.. 8638 (Compiled by the Associated Press.) BY the Assoctated Press. NEW YORK, January 20.—The bond market received a better grade of sup- port today permitting a number of corporate liens to win back yester- day’s losses. Some of the larger gains were in response to improved action of the share list which reflected a more hope- ful feeling on the automobile strike situation. Central Foundry convertible 6s and Studebaker 6s soared up several points in the early trading. Youngstown Sheet & Tube 31zs and Pure Oil 4Y4s rose 1 or more. Gains in the rail divisions were most helpful to Rock Island general 4s, Chicago & Northwestern 43s, St. Paul 55, Erie 5s, Illinois Central 43;s | Missouri Pactfic 55 and Southern Rail- ‘way 4s. Some of the low-yield corporate is- sues were offered fractionally under yesterday's closings, and United States Governments continued the downward drift of recent sessions. Treasury 234s and 3s stood up fairly well; most others were down 1-32 to 5-32 of a point at midday. —_— DIVIDENDS ANNOUNCED NEW YORK. January 20.—Dividends declared (prepared by the Standard Sta- tistics Corp.): Batts. Pe- Stk.of Rate. riod. recmd Gt Lkes Engineer Wks 5o 31 ln:ulstd Pay- atle. 21 Cherry-Burrell Public Sve Cp of NJ e 8 Accumulated. Lexington Ut $6.50 pf 50¢ Regull 2-10 Am Factors e Atlas Tack 8 Bm Am Tob adr for Do bes ChorrsoBur 57 pl_ Calif Wat Sve 6% Bt hu'er Brush 7% 2d 3 = D --3Las ot e Engineer Wk Wis l"g Heileman (G) Mxin((an Util $6 .11; Neptuné Meter 8% pf. Packase Machinery Pub Bre, N .v 8% pf Do 7 - J'l o1 1 1 s $1.50 @ 1-30 sz DZZDDD oo OODDQ INVESTING COMPANIES NEW YORK. January 20 (m.—New York Security Dealers’ Assos n (Noon quo! in Pd 2d Inc_-. ArmButihess Bt Corp Tr A A mod E01p Tr Acchim Ser Corp Tr Acc Mod- g&mullmr Tr 8h jen Investors TT p Sec Amcuuure B Se- Automobile roup Sec Minin Groin Se Petrolenm Group Sec Tobaceo- Huron Holdin Incorp Tnvestors Insurance Gror Investors or Am Tr S or Am Tr ih \Yl““ = Selected Income Sh Slected Indus cv pf Spencer, Trask_Pund Super of Am uipervised ‘Shrs ‘rustee Stand Inv rustee Stand Tnv Trusteed Am Bk “B" Trusteed Industry !hl’l ‘Wellineton Pund . _ INSURANCE STOCKS RK. Jenuary 20 (%.—New Yorr Becurty Dealers’ Association: na Cas (28)_ At l |||' 8 fe Travelers (16) U 8 Fire (1.808)" Westchester (1.20a) a—Also extra or extri g—Declared or pald Alabama Power Co.—Company plans expenditure of $3,700,000 for improve- ments and expansion in 1937, By private wire direct to The Star. TREASURY. 2148 1949-53.... 23,8 1945-47-. 28,8 194851~ 2% s 1951-64_.. 23%,81966-59 27%s 1955-60. 4%81947-52 21481942-44 Abitibi Pa&Pw 5s '53 - Agr Mtg Bk Col 6s ‘47 Febr coupon on . Agr Mtz Bk Col 6348 Akershus 5s 63 Antioquia 78'45 B Antioquia 7s ‘45 D. Argentine L 4s 62 Argentine Argentine Australia 5855 Australia 5857 Rerlin F‘Iec G! 53 Brazil 6 % 8'27: Brazil 78’52 Brazil 8s 41 Brisbane §s'57_. Brisbane 58 '58 _ Budapest 6s 62 unmat coupon op . Buenos A C 3s "84 Buenos Atres 4%8-3%5'T7T Py ___ Buenos A 41,8'76 Aug Bue Ai 418 Buenos A 6s 61 st Pv_ Buenos A C 6195 65 Canada 2145 "5 Canada 3%s ‘61 | Canada 4560 Canada 5552 Chile 63 *60 Chile 6861 Jan Chile 6s ‘61 Feb: Chile 6s ‘61 Sept. Chile 6s ‘62 Chile 6s°63 .. Chile 7s ‘42 Chile Mtg Bk 656 Chile Mtg Bk 6s°62 Chilean Mun L 7s 6 Colombia 6s 61 Jan. Colombia 6s 61 Oct Covenhagen 4%s '53 Covenhagen 58 52 Cordoba 742 Prv_. | Costa Rica is A *51_. Cuba 55 '14-'49_ Cuba 515 45 | Denmark 43 | Denmark 5138 Denmark 6s 42 | Dominic 18t 58 42 | Estonia 78 '67__ | Finland 65 45 Ger C Bk A Ger Gov 5145 65 Ger Gov 5%8 65 un st Ger Rep 7849 stpd __ Ger Rep 7s 49 unst __ GrtCElJap6%s 50__ Hung Con M 73545 unmat coupon on___ Hungary 71,844 Febr coupon on Italy 78 51 Japan 5%s ‘65— Japan 613854 Lombard Elec 75 '52 Medelin 618 ‘54 Met Wat 51,850 Mex 45°10-45 asst Mex 48 10-'45 ass Milan 63%s 62 Minas Gers6%s '58 Sept coupon off ___ MinasGers 615 '59 Sent coupon on Montevideo 6s Montevideo 78’5 New So Wales 5 New So Wales 5s ‘5% Nord Ry 6338 ‘50. Norway “ s Norway 4138 56 Norway 5s°'63 _ Norway 6s 43 __ Oriental Dev 534 *58 Oriental Dev 6s ‘53 Oslo 412855 OsloG & E 5863 .. Panama 58 63 stpas__ Paris Orl Ry 5%s '68_. Pernambuco 7s 47 Sept coupon off. Peru 6s '60_ Peru 6s ‘61 .__. Peru 7859 Poland 6s "4 Poland 7s 47 Poland 8s ‘50 Porto Alegre 7%s July coupon off Queensland 7s 41 Rhine W El P 6s ‘52 | Rhine W El P 65 '53.___ Riode Jan 68 53 Aug coupon oft Rio Gr do Sul 65’68 June coupon off Rio Gr do Sul 7s 66 May coupon oft Rio Gr do Sul 7s '67 June coupon off ___ Rio Gr do Sul 8546 Rumania 78°49 Aug couponoff ____. Sao Paulo St 63 68 July coupon oft ____ Sao Paulo St 7s 4 Sao Paulo St 7s ' Sept coupon off _. Sao Paulo St 8s ‘50 July coupon off Serbs 7e 62 unm c o Shin'su E1 P 6%s'5 Siemens & H 7s '35 Stiesia Prov 7s'58 ___ Taiwan Elee 558 '71_ Tokio 6% 61 - Tokio E L Ltd 65 '53__ Ujizawa EP 7s 45 Un Stl Wks 6% ‘51 A_ Uruguay 6s 60. Warsaw 7s'58_ Adams Express 48 °47. Alleg Corp bs ‘44 Alleg Corp §s 49 Alleg Corp b8 ‘50 stp... Alleg Valley 48°42____ Am & For Pw 5s 2030 Am Icecv 58 ‘53 AmT&T 4%s 39 AmT&T6%s 43 Am T F 2%8-55'3! Am Wat Wks 6s°75 .. Am Writ Paper 63 47 Anaconda deb 438 50 Anglo-Chil Nit 7s Armour & Co 4%s '39_ Armour(Del)1st Armstrong Ck 0 A T&S Fe gen 48 95 AT&SFedles'48 Atlanta & Birm 48’33 Atl Coast L. clt 4s 52 AtlC Lun4%s'6s . Atl Coast Line 5845 _ Atlantic & D 1st4s u AUG& WISs 438-3148 194345 lflB 29! 12018 106, 108, 1084 107, 108. 109, 113 0 114. 108 120.18 120,18 FEDERAL FARM MORTGAGE. -~ 103,30 108.30 103.30 . 106,11 106,11 106.11 -~ 10512 105.11 105.11 - 1084 HOME OWNERS' LOAN. 102,26 102.23 102.28 102.28 102.25 102.28 . 104.31 104.26 104.31 FOREIGN BONDS. High. 106, 93% 2634 26% 844 1% 1635 10254 1013 10184 - 102% 1023 . 102% 10234 1093 109% s 101% 19 106.19 11 108.11 30 108,80 8 106.10 8 1088 27 109.27 19 113.19 18 114.18 29 108.29 .3 1064 Low. 2:58. ¥4 98 THE EVENING STAR, WASHINGTON BONDS ON N. Y. STOCK EXCHANGE High, Low. 2:55. B&OSwnbs’ B & O Toledo Bot Con M Hfi-'u ot Bklyn Ed con 334 8°66_.. Bklyn Man T 43866 Bklyn Un El 6: Bklyn Un Gas §8'45. Bklyn Un Gas 5s°50 .. Buff R&P con 4%s'57_ BCR & N 5s 34 ctf Bush Term con 58 "56 - Bush Term Bldg 5s°60 By-Prod Ck 5%s '45-.. Calif Packing 6s°'40. Camag 78 42 ctfs _ Canada So 6862 A Can'dian N R 4% - Can'dian N R 43,8°55. Can’dian N 5869 July. ‘46. TD. Can‘dian Pac 4%s "46... Cent of Ga con 6s "45 . Can'dian Pac 4%s8°60_. CaroCl1 & O 5s8'38 CaroCl& O 68'62 Central Fdry cv b Central Fdry cv 68 '41. Centof Ga 68’69 C.. . Centof Garf 5%s'59_ Cent of NJ gn 68'87rg. Cent Ga MG&A 6s'47_ Cent N England 4s'61_ Cent of NJ 4887 Cent of N J gen 6s'87. Cent Pac 1st rf ¢s°49_. Cent Pac 5s '60 - Cent RR B Ga 55'37. Cent Steel 8s 41 Cert’d deb 5148 ‘48 Champ P& F ¢%s°50. Chesap Ccv 5s 44. Chesap Corp 68 '47_. Ches & 0 312896 D. C& O con 5839 C&OCraig V58’40 Chi& Altref3s'49 __. 4 [Chi B & Q gen 48°58 10134 23 10135 102§ 109% 61 100 s 1003 108 9 < | Clev E1 11133, Chi B&Q1 div 3% 849 Chi & E 111 5851 Chi & E I1158 '61 ctfi Cent INE&G 65’5 Chi Grt West 48 ‘59 CMStP4s'89 CM&SEP gn 4% CM&St P 68 76 CM&StP&P adj 652000 Chi& NW gen 4s 87__. Chi& NW 4338 2037_ Chi & NW 438 43 o Chi R I&P 4%;8 Chi RI&P 4158 '52 re‘_ Chi R L&P 438 60 Chi T H&S Inc Chi Un Sta 3} Chi Un Sta 3 Chi Un Sta 4s ‘63 Ch1 & W Incon 4s'52_ Chl& W Ind 4% s 62 Childs & Co 58 '45 ... _. CinG&E3%s'66 _ _ Cin Un Term 58 °'57C.. CCC&St Lrf43%s'1TE CCC&StLCW&M 4s'91 4,865 ___ Clev Un Tel (’,;I - Clev Un Term 55 °'73 B Clev Un Ter 5338 ‘72A Coal River RR 4s'45__ Colo Fuel & Ir 58 70._. Colo & So 4%:8'80____. Columbia G & E 58 ‘52 May Columbia G&E 58 61, Colum Ry P&L 4s°65. Comel Credit 3%s'51_ Com Inv Tr 3% '51 Conn R & L 473851 Cons Coal Del 58 '60__. Cons Ed N¥ 3%s46n_ Cons k2d NY 338’56 n. Consol Ol 3338 '51_ Cons Pwr 313870 Container deb 5. Crane Co3%s 61 Crown Will P Cuba Northn 53%8°42.. % | Dayton P&L 3%5 ‘60 64 67 105 105 108% 64 6 105 106 108 i 1013 1013 108% 100 ssxg mu ll " 1083 102 1013 uz 1% 185 110 T434 1063 373 104 100 108 114% 1108 37 » 99%4 1061 108 kL3 - 1 . 1045 1034 1084 1013 1013 10635 1068 LT 7% 78 9% v9l4 10234 1023 Y T4y 101 101 283 N 8% DOMESTIC BONDS. 108% 1063 10044 10034 %, 6334 mn 112y 8535 853 9015 9034 10834 10834 1013 102 10136 1013 uz uz 1118 111% 172 182 110 110 1214 4% 106 108% 3735 3734 108% 104 9% 94 108 108 143 14y 110§ 110 | La 37 3 98% 983 9934 994 106% 105% 107% 107% e 18 10456 204%¢ Del & Hud ref 4s°43__. Del & Hud 6%8°37 __. Den& RG W 68 '66._ - Den & RGW 0s'55asst_. Den& RGref5s°'78__ DulSS& At5s'37 ___ | Duques Lt 41,5 '57 B_ Eastn Ry Minn 4848 _ Kl Paso Nat G4, 851 Erie cons 45 '96 Erie gen 48 ¥6_. krieref bs 67 Erieref 6s 76 Fairbks Morse 4s'56 Fed L&Tr 63 54 B Fla ECRy68'74__ Fla EC Ry bs ‘74 ctfs_ Fond J & R 45°82 filed Fond J&G 2s-1s '8 et FtStUnD 438’41 Francisco Sug 6s ‘66— Gen Am Inv 6352 Gen Mot Acc 38 4| a & Ala 655’45 Goodrich 4% # 56 Goodrich 6s 46 Goodyear T&R b8 '57.. Goth Silk H 5846 ww. Great N Ry 48 46 G___ Great NRy 48 46 H._ Grt NRb6%s b2 B_. Green Bay 6362 B. Gulf M & N 5860 Gulf M & N 535850, Gulf Sta Stl153%s 4. Gulf States Util 43°66. Har Ry P C 1st 48°'54_. Hoe (R) 1st mtg 44 _.. Houston Ofl 5%s '40._. Hudson Coal 6352 Hud & Man inc Hud & Man ref 11 Bell Tel 3 111 Cent 3%s 'l [11 Cent ref 4s'55 111 Cent ¢%3s 66 111 Cent ref 68 '65 (11 Cent Lou 31,8 ’63_ Tl Cent St L 3%s°'51__ 111 Cent W L 1st 4s°51. ICC&StL N 04145'63__ ICC&StL N O bs 63... Ind & Louisv 4856, Inland Stl3%s 61_ Int R T 1st rf 5866 _ 1R T 1st rf 6866 ctfs. 32 interlake 5- 'n Int Grt Nr 6866 Bo-—. Int Grt Nr 5856 C-.. Int Grt Nr 6862 A. Int Grt Nrad) Int Hydro Elec Int Mer Marine 6s Int Pap 1st Int Pap ref IntRyof C Int Ry of CA 6%s°47. Int T&T v 4%s 39 Int T&T 4% 863 .o Int T&T 6855 James FF & C 4 Jones&L Stl 445'61A. Kans C F S&M 4s°36_. Kans C So 1st 38 ‘60 _ Kans City So ret 58 ‘60 Kan C Term 1st 48 °60_ Keith 6s ‘46 Kresge Found 45 "45_. Laclede Gas 63 '39. 3 LV NY 4%8°'40gtd.__ Leh V P con 452003 _. Lont Isldeb bs ll_.. . 126 106" 106 99 98 D118 1188 12134 121% . 1303 130% 9 8% 10534 10834 8¢ 83y 3674 363 863 10474 10455 104 108% 11634 118 121% 121% . 106% 10634 92 91y 61% 671% 102% 102% 104% 1043 36 36 19 119 116 114% 11734 1173% us 17% 12634 12634 9% 98l 10834 10334 33 33 1063 105 1053 1053 109% 109% 122 24234 2364 2034 % 874 12 1y ~ 1043 104 95 943 125% 128% 94 984 10734 10734 184 133 1613 1613 102" 102 102 101% . 12734 1273 10814 108% i an 68 68 11684 116% 10934 10934 402, 40 38){ 87l 10434 10434 4935 49 64% 68y u 1% 5034 3% 18 644 685 53 2% 107% 11034 1185 1078 108 93 103% 1089 8§ 102% 11034 108 1108 1128 11235 B985 5% 104% 1o4% i W% 1003, 10635 106 1073 101% 6744 67 10644 106 10634 1063 1064 105 10684 106 1043 102} 1023 102% - 10634 10634 ~ 105% 1088 624 6284 685 68% 62}y 6235 107} 107% 963 95 101 363 21% 20% 203y 324 32 653 65 _ 10334 1093 107 107 10435 1043 10634 106%4 ¥2iy V1Y, 881 8%y 883y S8l 104% 104% 104 104 1% 17% 17% 1% % % 44 a4 107} 107% 86} 85 101% 101% 10435 10433 108% 1033 974 96l e 10135 10134 1063 10B}g 104 103% 107 107 128% 12234 10934 10934 1168 116% 108% 108% . 1073 1073 118% 118} 14 18% 1025 10145 10635 10635 99% 9934 1053 106 8 vy 8% #8)4 102% 10234 [T 86% 36 84k 84 1093 109% 983 9Bl4 9% 7834 103}4 10834 102 102 9815 98 1014 1014 868 m( 903 38 38 107% 107% 9614 98’ 1 1013 1013 88} 88 Y% Y 8% 9% 9984 10934 1093 98)s 98] 110 109% 1005 100 o 69 9% 63 66 66 1083 1083 9% 8 89% 39% 7 n % 9% 10235 1083 o eng 3% 184 101 101 106 983 18% 12134 1308 » 10834 8 36% 36% 104% 103% 1186 121% 10534 913 20 82 6% 1028 104% 36 119 114% 173 18 126% 993§ 10835 38 105% 108% 109% 128 240 High. Low. L&NStL3s'80... McCrory Stores s '51. McKess&Rob 65850 MeCRReclt4s'45 A Me C RR gn 4% 8'60A. Marhat Ry 48°90 _ Manhat Ry 4s°90 ctfs. Marion 8t Shov 6s ’l'l. Mead Co 68°45 _ Met Ed 1st rf 434 Mil El R&L 6s ‘61 MIIER &S L rf 65'71. Mil Spa& N W 4 Minn & SLref 4s°49_ MStP&SSM cn MStP&SSM cn MStP&SSM bs '38 gtd.. MStP&SSM 53878 _. MStP&SSM rf 6s'46A_ oo I11 58 °569 X Mo Pac bs '80 H ctts % | Mo Pac 5 Mo Pac 5s ‘81 I ety Mo Pac 534849 A Mob & Ohio 4%s5 ‘77 Mob & Ohto 58°38 ____ Mob & Oh M div 5847 7% | Mohawk & M 4s*91 12 10434 944 125% 94 10734 184 16134 102 101% 1273 108% 1 68 116% 1093 40 873 10439 9%4 107% 11034 1113 1073 108 93% | 103% 108% 483y 10234 11034 10634 1104 11285 1124 90 6% 104% 105 107% 1005 | } 105 107% 61 1063 10634 106 108 1023 1025 10634 105% 625 681 623 107% 9539 101 353§ 213 20% 82 6535 10335 107 10434 1064 92 8834 38 1048 104 171% 173 4 « 1075 [ 1013 10435 108% 9% 3 101% 10634 103% 107 128% 1093 116% 1082 107% 118% 4 102} 10634 99}y 106 98 88% 102% 5 363, 843 1094 9834 9% 10834 102 98 101% a9 913 38 107% 96 1013 874 % Monong Pub S 41,860 Monong Pub S 68°65... Mont Cent 6s '37__ Mor&Essex 315 2000 Morris&Essex 435 ‘55 Morris&Essex 68 °55__ Namm & Sons 65°43__. . 107 . 102 2:58. . 10036 100 100% nm 914 9734 0834 10834 10844 lom 107 107% 965 96 96 1054 10534 10534 104 104 104 . 10534 1063 108} 8215 8285 823 87 6b% 67 53 62 68 981 98% 98Y . 105% 105% 1068 2109 109 109 104% 10436 10435 106 108 1083 108 1104 110 102 9674 96% 96% 96 9514 96 10136 10134 101% 98 98 98 68 621 63 w7107 _ 1063 10835 1051 Natl Steel 4565 _ New Eng RR 4545 New Eng RR 634 New Orl & N 418’5 New Orl P § New Orl P S 585 New Orl Ter 1st New Orl T&M 63 New Orl T&M 6 NY Central 3% s"46.__. NY Centcon 48°98 __ NY Centrf 41;82013__ NYCrf4s2013n_ NY Cent rf 58 2013 NY Cent cv 6544 CLSh3% NYC&St L 15t 4837 NYChi& StL 48'46 NYC&St L 43878 NYC&St L 5%3 74 A_ NY Dock 1st 4851 NY Dock 5s 38 NY Edison 3% NY G El H&P 5848 NY & Green L 5546 NYL& W 1st 45°73 NY NH& H 4857 _ NY NH& H 4%5'67 NY NH& Hev 68°48 NY O&W gen 48°65___ NY O&W ref 4s°'92____ NY Futnam 45 '93 NY Rys inc 68 65 NY Rys 63 65 A stp__. NY S&W 1st rf 5537 NY Tel gen 414839 __ NY Trap Rock 65'46__ W&B4%s 46 Falls P 334866 Niag Sh 51550 Norf & W 1st 4596 North Am Co 68 '61.__ North Am Ed 58’57 A North Am Ed 58 '69 C.. North Am Ed 5%8'63 . Nor'n Pac gen 38 2047 Nor’'n Pac 48°97 reg__. r'n Pac 4% 8 2047 rth Pac 582047 C. Nor'n Pac 65 2047 D__.. North Pac 6s 2047 Nor'n Pac 68 2047 rg. North Sts Pw 4% '61. NorthSPist6s'41 A. North Sts Pw 6s"41 B_ North Sts Pwr 5864 Ogden LC 4848 _ Ohio Edison Ohio Pub Sve 7 Orex W RR 4861 PacG & E3%s'61 PacG& E 4! 64 Pac T&T rf 386 Paramount Pic 6s Park-Lx 65s 53 ctfs_ tenn Co 4s 63 Penn Dixie C 684 Penn P&L 4%s ‘81 Penn RR 3%s 70 C_. Penn RR con 4s 48 Penn RR 4% ‘81 D_ Penn R R 48’84 Penn RR con 4%s'60_. ¥4 | Penn RR gn 413865 Penn RR deb 4357 Penn RR gen 6568 __ People GL&C rf 58°47. Peoria & E inc 4590 Pere Marq 1st 48 '56. Pere Marq 4% Pere Marg 1s 56. Phila B&W 48°43_ ____ Phila B&W 4158°77 Phila B&W cn 58°7 Phila Co 55 67 Phila Elec Co 4; - Phila & R C&1 5 7'._ Phila & R C&I 65 '49__ Philippine Ry 4s'37_. PCC&St L 4%s°77C. PCC&St L 5s°70 A PCC&St L 58 '75 Pitts&W Va 4%8°60 C Pressed Stl Car s '51. Prov Sec deb 48’57 Pure Ofl 4% 8’50 ww__ Purity Baking 58 *4 R-K-O 6s 41__ Reading Jer C 48°51 Reading R 414897 A_. Rem-Rand 4% s'56ww. ‘66 Republic Stl 414 Republic St1 5% Revere Cop 448 Richfield Oil 6s "4 Richfield O 68’44 ctf: Rio G W col Rutland RR 4%s " Saguenay Pwéys' - St L-S Fran 4s '50A .. St L-S Fran 4%s'78_.. - 103 - 112% 1115 1124 . 1268 -~ 1104 109% . 1061 - 106 . 116 . 110 107 8 18 823 8244 82 10284 10285 102 - 102% 10234 102% 100'4 100 100'4 B0} 604 B0} 52y 625 b2lg 108% 103% 103 106 105% 105% s 951 96 9614 95%; 96 1023 102% 9815 984 vBY 102145 10234 102§ 1043 104 1084 U5 9l a4 10436 10435 104%; % M T 66% 6514 6515 104%% 10425 104%% 106 10474 106 u7 171 ur 126% 125% 10135 10134 105 105 28 378 3% 261 463 oy 4y "y 9435 d 60 < 105% 1051 105% 87 87 87 108%; 108%; 108%; 91 91L 91k 18% 18% 18% U8 108% 108%; 1033 1033 10834 813 31 313 3014 30 30§ 12134 12136 12134 10534 1051 1054 10834 1033 1033 106 108% 106 10434 10434 1043 8135 81 814 1073, 10734 10734 106% 1051 105% 109% 109% 109% 10934 10936 10935 1115 1113 11134 111% 111% 111% 106% 105% 10534 10814 1035 10334 10834 108% 1038 10814 10834 1083 2934 204 29% 1081 10634 106} 12 12 112 1067¢ 106% 106% 106% 106% 106% 109% 104% 1003 “ 10134 105 88 37% 3774 2634 a 494§ iy 106 104% 10034 100%4 44 43 106 106 100 100 100 1059 105% 1025 10234 102% 116 . 116 11034 110 110 1098 110 1245 12434 124% 11354 113% 113% 106% 106% 106% 121% 1213 121% 11634 11634 11634 205 20 2084 10034 10034 100%§ . 10334 103} 103% . 10534 1051 1053 11834 1183 1133 19 119 119 12814 12834 128)4 1063 1058 106% 10214 1023 102% o oa a 2634 26 26% 2414 2414 2434 10734 10734 10734 1233 1283 123% 128 128 3 453 443§ 4ddg 105 105 105 98 9T 98 21 21 2’ 126 124% 126 10034 100 100 12¢ 123 128 1034 103 108 10734 107% 107 11134 11134 1113 99% 23% 23% 28% 201 30 30 32 a1 82 lD‘K 10434 10435 87 88 3 2634 10134 10134 10134 10334 10385 10834 x—: 1233 12836 1208 Seabd A-F1 68’35 A ¢ Shell Un deb l%l *6: % | Skelly Ol 48 n 1093 3 9834 109} 1004 694 695§ 66 108} 895 89% 72 9 102% 6834 3% 101 Socony Vac 3%s South Bell T&T SoPac SF Ter 48'50__ So Ry gen 45’66 A. So Ry 68 '9¢ 1029 10234 10234 32 32 32 324 1734 17 10634 10736 1073 10734 10234 102 1023 9 98K v8Y 10736 107% 107 M4 9T Ik 10035 10034 10034 108 108 108 8134 81 813 11323 112) 112} 10134 10134 10134 1043 103% 104% % 933 C., WEDNESDAY, ELEGTRIC POWER PRODUCTION GAINS Week’s Rise of 0.9 Per Cent Sends Total 14.9 Per Cent Above Year Ago. B the Associated Press. NEW YORK, January 20.— The Edison Electric Institute reported to- day electric power production in the week ended January 16 amounted to 2,264,125,000 kilowatt hours. ‘This was an increase of .9 of 1 per cent over the preceding week’s output of 2,244,030,000 kilowatt hours and 14.9 per cent greater than output of 1,970,578,000 kilowatt hours in the same 1936 week. All major geographic regions of the country showed a substantial gain over last year. Percentage increases were: New England, 17.1; Middle Atlantic, 12.5; Central Industrial, 18.1; West Central, 9.3; Southern States, 18.2; Rocky Mountain, 13.0; Pacific Coast, 11.6. ‘The Associated Press index of power production, with 1929-1930 taken as 100, advanced during the same week — to 1185 from 117.6 in the previous week. A year ago the index, which is adjusted for seasonal and long- term trends, stood at 104.3. The range for recent years follows: 1936-37. 1935. 1934, 1933. High -. 1198 1055 974 919 Low .. 1020 941 919 802 LOS ANGELES BONDS ARE PLACED ON MARKET | Eaclsc & By the Associatea Press. NEW YORK, January 20.—A bank- ing group headed by Brown Harri- man & Co. today offered publicly a new issue of $47,000,000 electric plant revenue bonds of the Department of Water and Power of Los Angeles, Calif. The syndicate was awarded the bonds late today. The issue consists of $23,500,000 series A 37; per cent bonds due serial- ly from 1938 to 1977, which will be priced to yield from one to 340 per cent, according to maturity, and $23,.- 500,000 series B 3!; per cent bon due in 1977, which will be priced at 102 and interest. FUNDING PLANS ASKED. NEW YORK, January 20 (®).— Kingdom of Norway has invited bank- ing groups headed by Lazard Freres & Co., Inc., and Brown Harriman & Co., Inc., to submit proposals for re- funding $28,334,000 of 5 per cent bonds outstanding and callable at par value on any interest date. High. Low. 134 125% 134 19436 1743 19414 140% 188 1403 1063 1063 106%4 105 106 105 103} 108 108 107% 107% 107% 104% 104% 104% 10534 106%4 10584 123 Tik4 12% 10135 10134 101% 41 40} 403 106 106 106 Studebaker cv 68’45 . Symg G&G 5128 ww Symgn G&G 56 xw. Tenn Cent 68 47 Tenn C&C 68’ 44 BA Texas & Pac 58’77 B Third Av ref 43°60._ Third Av 1st 6s '37 Third A ad in ex 5 UnEIL&P5%8'S Un Ofl Calif 48°47 Union Pac 3%8°70.. Un Pac 3%s°71 Un Pac 1st 4847 United Biscuit 58'50__ United Drug 58°53.. U S Rubber 58°47 Utah P& L 658 "44 oo Util P &L 5869 ww. UHIP&L5%s 47 . Vanadium cv 6841 Ver Sug 1st 7842 ct E& P 1stref 48'55_ Va Ry Ist 338’66 A__ Va S W con b Wabash 4128 Wabash 1st 58 °39 Wabash 5s ‘76 B Wabash 5s 80 D Wabash 51,8°'76 - Walker H&S 44845 Walworth 4s 55 Walworth 6s’55n. Warner Bros cv 68°39. Warren Brcv 6841 Warn Warren Br 6s West Penn P 314866 10034 10034 10034 . 100%§ 100% 1008 - 11534 11634 11534 1073 10734 1073 108 1023 103 10634 10635 10635 10634 1083 10635 64} 621 6% 37 3514 37 1064 10635 108} 4035 404 40 @ 2 e 10785 10734 10734 &8 s8 88 98 98 % 633§ 54 4 10874 108§ 108% 1074 1074 10734 10334 1083 1083 109 109 109 10334 108Y4 1083 10435 10434 10434 59% 593 9% 3734 3Tl 3T West'n Un 6860 Who 1 Steel 414! Sew M wuku B&E st 5842 W Sp Stl con 78’35 et W SpStl1st7s'35 ct. Wis Cent 18t gD 48°49. WisClstgn ds'49 ¢ Wis C S&D Trm4s'3 Y'ngstnS&T 33%8'51._. Y’'ngstn S&T 48 12734 127 . 106 105 127 108 This advertisement is not, and is under no circumstances to be construed as, an offering of these Debentures for sale or as @ solicitation of an offer to buy any of such Debentures. The offering is made only by the Prospectus. NEW ISSUE Tide Water Associated Oil Company 10834 10834 10334 | | 665 653 663 || 10034 1003 10034 | | 1093 10935 10934 | | 10134 10134 10134 | 103%5 103% 103% | a1 a1y Aty a1y a0y ey soig 9 9935 | JANUARY 20, 1937 C. & N. TO CONTINUE BIG SPENDING PROGRAM By the Assoclated Press. CHICAGO, January 20.—Fred W. Sargent, president of the Chicago & c Northwestern Railway, said the road was contemplating continuation of the extensive improvement program of 1936. Last year the company spent $30,- 000,000 on maintenance of ways, struc- tures and equipment, exclusive of $5,- 000,000 depreciation, or an increase of $7,000,000 over 1935. In 1937, Sargent indicated, the road planned to spend $15,000,000 on main- tenance of ways and structures, or the same as last year, and increase ex- pendétures for maintenance of equip- menf —_—— FEDERAL LAND BANKS ‘W YORK. Ji — l.lnd Bant Eoads! anuary 20 (#.—Federal 47ea November 1058- :'/.'- May 195 l H s 1 45 4s o SHORT-TERM SECURITIES. (Reported by Chas. D. Blrfl!) & Co.) & Tel 5t 43 u Eal °3 l‘l{‘ 8 1051y 108% 101 10235 105% er. Tel. Rap. & Ind. fiounmn 0"&5:]’!] hclede Gas L ar an I'l 5 Loufe "&"Nay 5 Michllln Cem. chi. New. nYrk Dock R ¥, LB TR of Mo 35 Dixie Gement 6s 41 Penna. R.R. Co. 4s Rio Grande wmem i 'm utr:n Bell 'l' & N. Y. & P Western Union Tel: 56 o FOREIGN EXCHANGES. YORK. January 20 (®.—Foreign nar Italy_—Dem: Demlnda—mlmum Switzerland. 529513 Portuul 4.47%; Greece. 8.96 thosluuku ng. 30.6 0 Cif i New York: B B0s N llontrell, 100.09%. n—Nomin: —e U. S. TREASURY NOTES. (Reported by Chas. D. B-rney & Cn\ Rate —Maturity er 225, 1 e e 53525225 FINANCIAL NEW YORK BANK STOCKS| NEW YORK. January 20 (®.—Over- fl:;-‘e;nnul’ market banks and trust gc::- Bank of Menhattan (1% m : Gusranty (12)” Irving (.60) = Lawyvers Trust (2.40) ___ Manufacturers (%) New York Trust (5) Title Guaranty & Trust _ FREIGHT LOADINGS. NEW YORK. January 20 () —Revenue reight carloadings on railroads reporting today,foF Week ended January 10, 3 Week Previous Last Jan 16 week year. 107.819 10 & BR! 14 Pennsylvania New York Central Pitts. & Lake Erie ORGAN 0 10 HARRISON T.ROOSEVELT WILSON ZED You save your BATTERY when you switch to richer RICHFIELD HI-OCTANE GASOLINE See Other Richfield Ads on Pages B-13 and B-20 N1 872 CLEVELAND McKINLEY TAFT HARDING COOLIDGE HoovER muxuu D. ROOSEVEL WE KNEW THEM ALL And Witnessed Their inaugurations The SECOND NATIONAL BANK - of Washington ' Main Office 1333 G Street N. W, Branch Office 509 7th Street N. w JOHN A. REILLY, President ESOURCES OVER $9,000,000 Mewmber Federal Deposis Insurance Co::p,’ & National 1600 for Quotations and Orders FINANCIAL SERVICE INAUGURATION WEEK Direct wires to all leading financial centers permit us to _execute promptly give-up or- ders throughout the country. 'HARRIMAN & KEECH 815 15th Street N.W. Washington, D. C. embers o{ the New Zjflé Stock C’w/mn?e $40,000,000 Fifteen-Year 3'2% Sinking Fund Debentures Dated January 1, 1937 Due January 1, 1952 Offering price 101% and accrued interest Copies of the Prospectus may be obtained from any of the undersigned. Kuhn, Loeb & Co. Brown Hamman & Co. The Flrst Boston Corporation Bancamerica-Blair Corporation New York, January 19, 1937, Lehman Brothers Blyth & Co., Inc. Hayden, Stone & Co. Dean Witter & Co.