Evening Star Newspaper, January 27, 1937, Page 15

FINANCIAL. THE EVENING U. 5. BONDS RISE WITH CORPORATE Banks Turn tc Buying Side After Delay in Reserve Action. Bond Averages 300 i0 30, A0 Rails. Indust_Util. P'gn Net change. Unc. Unc. Unc. ‘Today, noon 97.7104.1 102.1 Prev. day-.. 97.710411021 Month ago.. 97.8104.1102.2 Year ago 91.11032101.9 '36-37 high. 99.0 104.4 103.1 1936-7 low-. 86.9101.8 99.3 1935 high__. 87.8102.2 99.8 764 92.2 845 655 458 40.0 646 422 1928 high_..101.1 98.9102.9 100.5 10 Low-Yield Bon: .--112.6 Prev. d 1127 Month ago 1132 Year ago.110.8 '36-7 high 113.7 1936-7 low 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 8638 3.5 73.7 722 70.9 4.2 67.6 0.4 (Complled by the Assoclated Press.) By the Associated Press. NEW YORK, January 27.—United States Government obligations stif- fened in the bond market today as banks turned to the buying side fol- lowing postponement of action by the Federal Reserve Board on excess re- serves. Around midday Treasuries in de- mand at fair advances were the 2738 and the 2%s. The 31,s of 1946 came under a little pressure. Dealers de- scribed buying as mild and said most of it came from banks which had tired of waiting for lower prices in the event of a Federal Reserve Board decision to tighten the money market by ctsbing expansion of excess bank reserves. After am uneven start, corporate Joans put on a general advance. Gainers of fractions were American Water Works 6s, Santa Fe 4s, St. Paul 5s, national Telephone Central 4%s. Tube 3!3s Fractions were lost by Loew's 31.s, Missouri Pacific 5s and Erie 5s. Burroughs Adding Machine Boosts Rate on Common' By the Associated Press. NEW YORK, January 27.—Direc- tors of Burroughs Adding Machine Co. declared a common dividend today of | 20 cents, payable March 5 to stock of | record February 5. On December 5 5s and Illinois the company paid 15 cents and a spe- | cial dividend of 60 cents on the com- mon. The concern has its principal plant and headquarters at Detroit. Directors of Madison Square Gar- den Corp. declared a dividend of 20 on the common stock, payable Febru- ary 26 to stock of record February 15. A payment of 15 cents a share was made November 30. INVESTING COMPANIES NEW YORK. January 27 (#.—New York Becurity Dealers’ Association (Noon Quotations.) B! Admin Fd 2nd Inc__ Am Business Shrs Am Gen Eq Inc Am Ins Stocl Bancamer Blair _ Bank Group Shrs Nat C Broaa 8101 Bullock Fund Corporate Trust Corporate Trust Corp Tr A A mod Corp Tr. Accum Ser_ Corp Tr Acc Mod. Cumulative Tr Sh k Sh N Y n_C xed Trust g Fixed Trust Sh B- Found Tr Sh A Fund Investors und Tr Shrs A und_Tr Shrs B _ Gen Investars Tr Group Sec Agriculture. Group Sec Automobi Group Sec Building Group Sec Chemical Group Sec Foo roup Sec Invest Shrs roup Sec Merchan: roup Sec Mining Group Sec Petroleum Group Sec R_R Equip Group Se: Steel Group Sec Tobacco- ruron Holding Incorp Investors Jnsurance Group, Shu Investors Fd C Major Shrs Corp Maryland Fund Mass Invest Tr Mutual Invest Nation Wide Sec N T § Piymouth Fund Quarterly Incom e S| Selected b= §ruslta Stand Inv D Trustee Am Bk TIrusteed Industry Sh Wellington Fund NEW YORK BANK STOCKS NEW YORK. January 27 (#).—Over- the-counter market bank and trust com- Panies. Opening bid and asked prices: Bk of Manhattan (1%)-- hase (1.4 Belyn Trust (4) Central Hanover hemical (1.80) ontinental ‘(.80) gorn Exchange (3) S'“.r-ney (12 awvers Trust Mrgrs o) "Trust(5) itle Guaranty & Trust s FEDERAL LAND BANKS NEW YORK. January 27 (P .—Federal Land Bank bonds: 4Ys Novemb 448 Ml! 19 i 4s" May 195 4 No\!mher s July 1946-44 Yes May 1955- s’ July 1055-45 35 January 1956-46 35 May 1956-16 (2.40) U.s. TBEAS'U'.B.Y NOTES Hiram Walker 4's, Inter-| Youngstown Sheet & | yielded about a point. | BONDS ON By private wire direct to The Star. TREASURY. High. Low. 101,16 10111 10622 196.15 104.8 103.9 101.16 106.22 104.8 108, 103.7 104.16 104.6 107.14 106.18 108.10 108.4 108.3 108.16 107.7 108.6 109,10 118.10 114,12 2145 1049-53 238 194547 23,8 1948-51. 23,5 195154 2mmme 2%s 1956-59 278 1955-60 - 278 1955-60 rej 38 1946-48 3148 1946-49 reg_. 33481941 !‘AIIBM 46 83 s 1940-43June. 33,5 1941-43 Mar. 45 1944-54 5 1 41,8 1947-5 .4 z .-iu-zm 1943~ 108.21 108.21 FEDERAL FARM MOITGAGL 2% s 1942-47 104, 104, 381947 1064 1064 351949 _ 105.1 108.5 31%s 1964 105,81 106.2 HOME OWNERS' LOAN. 2148 1942-44 102,23 102,18 102.23 51939 102.26 102,22 102.26 52 104.30 104.22 104.30 FOREIGN BONDS. High. Lo Abitibl Pa&Pw 58’53 95 Agr Mtg Bk Col 65 '47 Febr coupon on .. Akershus 5s°63 - Antloquia 1st 7s'57.__ Antioquia 2d 78’57 new Antioquia 3d 7s°57. Argentine { %s 5’ Argentine 26% 98}y 13% 13% 1334 102 102 10154 10134 1025 10234 10244 102% 1021¢ 109% 109§ 101 1053 109% 1164 102 4434 awy 4y blly 70 102 102 828 82% Argentine 6s°59 June. Argentine 6s ‘60 Sept.. Argentine 6s ‘60 Oct.__ Argentine 6s ‘61 Febr._ Argentine 68 '61 May . Australia 47 Australia 5s Australia 5 Austrian7s Belgium 6855 _ Belgium 61¢s 49 Belgium 78 55 Bergen City 58’60 Brazil 6145 '26 Brazil 6158'27-"57_. Brazil 78’52 Brazil 8541 Breda Er BErisbane o8 ‘57 Buenos A 412 Buenos Alres 4%8-3%8'77 Pv 82 ., & igh. Low. 2:58. Bang & Aroos5s'43 __. llhK 11534 1153 Battle Crk & St 35'89_ Bell T of Pa 5s°48 B__. 120% 120 Beth Steel 3% 8 '66... Beth Steel I‘fll 0... Bos& Me 4%s'61J Bos & Me 58°66 Bos & Me 5s 67 BostonN Y A L Bot Con M Ri38 Bot Con M 6% Bklyn C RR 58 '41_ Bklyn Ed con 3% #°66._. Bklyn Man T 4%8°66 Bklyn Un El 63 '50 Bklyn Un Gas 55’50 Brown Shoe 3% BCR&Nclbs'34 BCR & N 5534 ctf: Bush Term con §s Bush Term Bldg 6s'6 By-Prod Ck 5%s 45 Camag 78 42 ctfs _ Canada So 6862 A_ Can'dian N R 43 Can'dian N R 4% Can'dlan N R 4% Can‘dian N 5869 July. Can'dian P db Can dian Pac ¢ Can'dian Pac 4% Can’dian Pac 5s ‘64 Car & Gen 55 '50 ww_ Cent Br UP 48 48 Cent of Ga rf 5%s CentIIE&G 58'5 Cent Pac 1st rf 4549 Cent Pac 5860 Cert'd deb 5348 '48 Ches & O 3%:8'96 D. Ches &03%s'96 E C&Ogen4%s'92_ C & O con 55 '39. Chi & Altref 3s ChiB& Q48’11 _ Chi & Erie 15t 58 '82_ Chi& E1l163'51 _ Chi & E 11155 '51 ctfs Chi Grt West 48 Chi | & L gen 5566 Chi Ind & So 48 CMStP4s'89 CM&St P 5s'76 Chi & NW gen 4s°87 Chi & Chi& NW 43,8°49 Chi& NW rf 582037 102 8834 Bucnos A C6s'61 Pv . Bue A C 6138 'f1stPv_. Bulgaria 733568 May coupon off. | Canada 21554 | Canada 3% s 61 | Canada 45'60 | Canada 5552 Chile 63’60 Chlie 63°61 Jan | Chile 65’61 Febr._ | Chile 6361 Sept | Chile 6562 Chile 6563 |Chile7a"42 . Chile Mtg Bk 6s Chile Mtg Bk 65°62 __ | Chile Mtz Bk 614857 | Chile Mtg Bk 6%s'61- | Colombia 6s 61 Jan___ { Colombia 6s 61 Oct Copenhagen 5s ‘52 | Cordoba 7s 42 Prv | Costa Rica is A '51_ | Cuba 528 45 102 88%4 10114 1000 | 109'y 1141 2043 | 20 20 2014 193 19% 20 1 1634 31} 9 98¢ 258 | 60% 15 10015 100% 108 6114 10044 - 1008 - 1081 1215 24 | Denmark 41286 | Denmark 5755 '55 Denmark 6s°42 French Gov 7328 '41__ | Ger Gov 51565 st Ger Prv & City Bank con Ag 63858 Ger Rep 78 '49 stpd GrtCElJap6%s'50. 25 30% 6 9044 | Heldelbers 7 Hungzary 7% | Febr counon on Hung Con M 71:3°45 unmat coupon on | 1taly 7851 | Ital P U Crd 7s " " | Japan 5%s°65_ | Japan 615554 Kreug&Toll 5550 cfs_ Lombard Elec 7s'52._ Mex 48’54 asst Milan 658 52 | Minas Gers63s ‘58 | Sept coupon of: | MinasGers 6345 53 Sept coupon on Montevideo 78 '52 New So Wales 5s - New So Wales 5558 Nord Ry 6% ‘50 Norway “1,s 6. Norway 41 Norwayv §s Norway 68 4 Nuremberg 6s JZ Oriental Dev 6s ‘53 Panama 5s 63 stpas__ | Paris Orl Ry 5%s ‘68 Peru 6360 _ | Peru 6s°61 _ Peru 7559 | Poland 6540 | Poland 7s '47. | Poland 8550 | Porto Alegre 7135 '66 | July coupon oft | Prussia 6s ‘52 Prussia 6%s'51 | Queensland 6s 4 | Queensland 75’41 | Rhein Main 7s '50 | Rhine W E1 P 7s'; Riode Jan 6138 53 Aug coupon off Rio Grdo Sul 65’68 June coupon off Rio Gr do Sul 7s ‘66 May coupon off Rio Gr do Sul 7567 June coupon off Rome 633552 Sao Paulo St 65 68 July coupon Sao Paulo St 78°40__. Sao Paulo St 7s ‘56 Sept coupon off ._ Serbs 7s 62 unm ¢ o Siemens & H 6155 '51_ Silesian Bank 6847 Stlesia Prov 7s'58 Sydney 53355 Tokio 53861 Tokio E L Ltd 65 °53__ Uruguay 6s°60_ Uruguay 6s°64._. Warsaw 7s ‘68 _____. Yokohoma 6s '61_ 7934 | 9344 | 112% 1334 243 24 325 2814 6634 8% 8235 10415 3% 4% 6874 68} 8% 9% DOMESTIC BONDS. Alleg Corp & Alleg Corp Alleg Corp Alleg Corp Allied Store. Alleg Valley 48°42_ Am & For Pw bs 2030_. Am Icecv 63’53 Am1GChb3s'49 Am Tel & Tel 3%s'61. Am Tel & Tel 3% s 66 AmT&T6%s 43 AmTF 2%s. I‘H-'ill Am Wat Wks 6s Am Writ Paper Am Writ Pa 65 47 cfs_ Anaconda deb 43 '50 Anglo-Chil Nit 7, Ann A 1st ex in 4s 95 Atk & M B&T 55’64 Armour & Co 43839 Armour(Del)1st 48’65 A T&S Fe 45'09-'55___ A T&S Fe adj 4595 st. A T&S Fe 41848 Atla&Ch ALL 55’4 t 10134 1013 111% 111y 101 100% 111% 11134 1714 171% 110% 11084 20 84y 88 84 1063 10634 3834 383 7 10 105 105 104 104 100 99% 108%; 108% 114 113% L14 10814 108}{ 108} 11034 11034 11035 11434 11435 11434 108% 103% 103% 108% Atlantic & D 1st4: u AtIG&EWIbSs'59. Atl Refining deb 58’37 B&O 1st 48 4! B&O4%s’'60 B & O 1st 5348 Balto & O ref 55’95 Al B&O6s v6 F 901 hlq W'& B & O ref §s 2000 D w0l B&Oref 68°95C - 101 lun' 101 B & O PLE&W V 45’41 103% 103% 103 ,&0 Swn 58 '60_. 10634 10534 106; 80 80 1013 1013 101% 1063 106 104 163 1635 17614 - 1144 114 114% 90% 90 9034 318 | 1 Chi Rys 1st 58’27 Chi R 1&P rf 48 °'34 .. | ChiR I&P rf 4s'34cte.. 24 | Chi R I&P gen 4388 _ Chi R 1&P 4% Chi R 1&P 428 {Chi R I&P 438" SD = \( hi T H&S 1st 5860 Chi T H&S Inc 5s°60 { Chi Un Sta 312851 Chi Un Sta 3% = Chi & W In con 4s ", {Chl& W Ind 4 {CinG & E3%s 66 CCC&St L gen 4s ClevEl 133863 | Clev Short L 413861 | Clev Un Tel 4238 | Colo Fuel&Iron 5s 43 | Colo & So 41,880 ColumhiaG & E 58 ‘52 May | Colimbia G&E 53 '61 . | Comcl Credit 334 | Com Inv Tr3s [Conn R& L 4128 | Cons Coal Del & Cons Ed NY 3% Cons Ed NY 3%8 | Cons Gas NY 438 ‘51 Consol Oil 315 ‘61 Consum Pwr 2 Cons Pwr 334570 Consum Pwr 3 Crane Co 31551 Cuba RR 1st 5s'52 Cuba Northn 51 | Del & Hud ref 4543 Del & Hud 5%s°37 Den & RG con 45°'36 Den & R G W 58 '55 Den & RGW & Det Edison 5s ‘52 _ | Dul & Ir Rg 58°'37 Dul SS & At 58 Duquesne Lt 31 Erle cons 48 '96 Erie gen 4s'96 Eriecv 48’53 A Erie ref 53 67 Erieref 5575 Fairbks Morse 4s'56 Fed L&Tr 6s 54 B Fla EC Ry 4 Fla EC Ry | Fla EC Ry 55 T4 ctfs._ Galv H&H 5% Gen Mot Acc Gen Stl Cast 5145 Ga& Ala 5'45 Goodrich ¢ 1856 Goodrich 6545 Goodyear T&R Great N Ry 48 46 H Grt NR5%s'62 B | Green Bay 5s'62 B Gulf M & N 5s°50 Gulf M & N 52850 . Gulf Sta St15%s 42 Hock Val 4755 ‘99 Hoe (R) 1st mte'44_ H'satonic con 5 '37_ Hudson Coal 58 ‘62 Hud & Man inc 5557 111 Bell Tel 3% °'70 111 Cent col tr 4s°52_ 11 Cent col tr 4353 111 Cent ref 55 111 Cent 4% s 66 111 Cent ref 63°55 111 Cent Cairo Br 4 Il Cent St L 3s'51 Il Cent St L 3158’51 ICC&StL N 0415’63 Ind'polis U R 55’65 B Inland St13%s 61 IntRT rf 5866 Int RT 6s'32 ItR T 6s IntRT7s Int R T 72 °32 ctf: Interlake §s '51 Int Cement 4s'45 Int Grt Nr 6552 A ctfs_ Int Pap 1st 58°47A Int Pap ref 6s'55 Int Ry of C A 6872 Int Ry of CA 6158'47_ Int T&T cv 4%539._ Int T&T 43562 Int T&T bs'55 Jones&L St1 41, 8'61A Kans C So 1st 35 50 Kan C Term 1st 4s 60 Kendall 515’48 ww. Kresge Found 4s 45 Laclede G 5%s'53 C. Lautaro Nitr 6s°54. Lautaro Nit 0 Can'dian N db 638’46 Buff R&P con 4%s 61 Can’dian Pac 58’44 cfs. ;| Central Fdry cv 58’41, Central Fdry cv 68’41, Centof Ga5s'69C __. ’59.. Cent N England 4s '61. Chi B&Qgen4s'58__. ChiB&Q4s'58 reg___ Chi Ind & L gen 63 66 CM&StP gn 423389 C.. CM&StP&P ad) 552000 NW 43532037, | Chi & NW 4158 2037 C. 63 E_. 62__ | Clev Un Ter 5345 '72A | Colum Ry P&L 4s 65 - 104 Goth Silk H 5546 ww |Grand Rap I 41:s'41_ Great N Ry 4s 46 G ___ Gulf Siates Util 4566 Gulf States Ut 42:8'46 Har Ry P C 1st 48 °'54_ Int Grt Nr ad) 6s'52 A Int Hydro Elec 6s°44._. Int Mer Marine s '41_ | Cin Un Ter 55 2020 B_. 1645 | 3 17 | CCC&St LTt 4%s'1TE | CCC&St L ref 55’63 D |Clev & Pitts 41,542 A 14,866 _ Censum P un 3158 '65_ 3565 | Dayton P&L 3%s 60 Grt N Ry ref 41,s'61 A Grt N Rgen 4%s'1TE Hud & Man ref 55 '57_. 111 Cent 1st ex 315s'51_ ICC&SIL N O 55°63 __ 111 Steel deb 41,8°40 _ lowa Cent 1st&rf4s'51. Kans C F' S&M 48'36 Kans City So ret 58 50 ‘54 cfs. Leh C&N 438’54 A___ Leh Val Coal 58 *44_. Leh Val Coal 5s'54._. Leh V P con Ligg & Myer: Loew 5318 46 Long Isl ref 45°49 Long 1sl unif 48 71 16 17 120 984 ¥8Y UBY 106% ml}s mm um 86% 10314 10336 10334 10835 114 1133 113% 10434 10435 1043 106 108 108 1% 91% 2034 203§ 2014 293§ 6734 673 66 €6 108 103 103 4% 3434 84l 119% 119% 119% 113% 113% 113% 114% 214§ 1143 113% 113 11844 11734 11734 1173 12674 12634 12674 9815 W8l vBl4 1034 103 103 10536 106 105" 11434 11434 11434 109% 109% 109% 10534 1083 105 395 394 39y 120 116 119 236 230 235 18% 18% 18% 19% 19 19) 10435 10435 10435 70 0 108 1K 1 1t 10314 103 1 103 944§ 9§ 10035 1003 10055 100% 123 128 10835 1083 55 65 116 116% 11635 11634 15 115 1228 122% 31 831 a8 asg AT 4TY 22 2 22 s22 10644 1083, 613§ 6834 8234 1044 493y 30 304 1734 32 8144 204 1834 39%4 1944 1915 1 97 881 106 108%% 106%5 103% 1021 ¢ 1154 1043, 112 75 1074 () 10434 10435 10684 9944 5 1031 1058, 6415 i 1023 i 1048, 10615 104% 10334 104% 108 106% 335 2044 1y 2934 i 109% 10814 i 1023 634§ 108% 10814 90 93 8615 86 1041 104 814 16 153§ 993 10334 1024 9685 43% 100% 108% 104 10534 m 120 109%% 114% 1073 18 14% 10134 10634 984 104 105 9834 128 8734 863 55 34y 83% 137% 1073 1074 1073y 92 92 84% 851 92 w2ig 4% 8% 10235 10234 107 107 92 92 9T 9734 8134 8214 85 8614 1073 1074 1053 108% 1063 9614 53 513§ 8915 1043 811 165 15 993 10344 108% 104 106% 11 1208 10914 1145 1078 118 148% 101% 10619 983 10414 105 983 12615 i 8635 55 35 8334 107% 1073 9214 1043 1043 61 61k 9y 93y 9 99 1073 108 1033 108 108" 108 68 6834 935 39% 393 3935 S 1053 1084 1003 1003 4 T4 e 72% 2% 10514 106% 10314 1084 66 67 T 1840 134% 134% 10034 100% 1005 10584 101 105% 1 108 105% STAR T | Monong Pub S 68" WASHINGTON, STOCK EXCHANGE High. Low. Lorillard 7s "44_. . 133 La & Ark bs 69 - L & Nash 3%s 2003 L&N 1std4s 2003_ L & N unif 4840 L &N 4352003 C_ L& N582003B. L & N So Mon it 48°52 Louv & N F&S 55’37 McKess&Rob 5% 850 . MeCRRclt4s'45 A _ Me CRR gn 4138'60A Manati Sug 7%s "4 Manhat Ry 4s°'90 Manhat Ry 4s'90 ctfs_ Met W S E1 Cr 45°38 _ MUER&SLrf6s'71. Minn & S L rf 4549 Minn & St L 58’34 ctfs. MStP&SSM cn 4s'38 MStP&SSM cn 5838 MStP&SSM 65 '38 gtd_ MStP&SSM 6%8°78 _. MStP&SSM rf 65 46A. Mo K & T 1st 4590 MoK & T48'62B _ MoK & T adj 5867 . 10644 109% 101% 104 83 8034 5% 5134 1 Mo Pac 58 ‘81 1 Mo Pac 5%8'49 A _ Mob & Ohio 435577 Mob & Ohio 55'38 Mob & Oh M div Monong Pub § 4%8'60. 107 108 [98% 965 9By 1019 118% Montana Cent 33 5'66. Mor&Essex 3%s 2000 Morris&Essex 4%s ‘55 Morris& Essex bs '55 ._ Mutual Fuel G 5s'47__ Nashv C&St L 4s'78 _ Nassau Elec 48’51 gtd. Natl Dairy 3% s'51ww_ Natl RM 1st 48’61 asst. Nat R M 415826 asst_ Nat Ry Mex 4% Naugatuck 1st 48 New Jer P&L 415560 New Orl & N 4%48°52_. New Or1 PS53'52 A__ 1074 8134 10114 10014 49'¢ 991 40 52 10334 10315 vew Orl an 1st 4s w OrlT&M 41856 1045 94lg 9434 10134 10714 973 911{ T 104§ 934 NY Cent rf 58 2013_. NY Cent cv 6s 44 CLSh 31 s ‘98 NY NH & H 4557 NYNH&H 4867 _. NYNH&Hel tr6s'40. NYNH& Hev 6548 NY ‘\ll & H Cons Rys ‘54 NY NH & H Cons Rys 48550 &J NYNH&HCR 4s'56 NY O&W (!nlv 55 W&B4Y%s'46 Niag Falls P 313866 .. Norf So 1st ref 5561 .. Norf S 1st rf3s'61 cfs Norf & W 1st 4596 North Am Co 5861 North Am Ed 5569 C Nor'n Pac gen 2s 2047 _ Nor'n Pac 48 '97 North Pac 6s 2047 Aorlh Sts Pw 465 '61. rth S P ist5s 41 A North Sts Pwr 6364 Ogden L C 4848 Ohio Edison 45’65 Ohio Pub Sve 7s 47 Oreg Sh Line 55 46 _ Oreg Sh L 585 "46 gtd _ Orez W RR 61 Otis Steel 68°41 _ PacG& E3%s'61. PacG & E 48 64 Pac RR Mo 2d 5s ‘38 _ Pac T&T rf 318’66 B_ Pan Am P C 6540 Para Broadwa. Paramount Pic 68 °55_ Parmelee 65 ‘44 Penn Co31.5'41 B Penn Co 45" Penn Co 45°63 Penn Dixie C 68 PennO& D 4s” Penn P&L 4%s 81 _ Penn RR3%s'7 Pern RR con 4s Penn RR 4% Penn RR 418 '84 Fenn RR con 47 Penn RR gn 41 Penn RR deb 41,870 Penn RR gen 5s'68 _ People GL&C rf 58'47_ Peoria & E 1st 45 '40__ Pere Mara 4%s'80 __. Pere Marq 1st 5356 __ Phila Co 58 67 Phila Elec Co 4 Phila & R C&1 5873 _ Phila & R C&1 65°49_. Philippine Ry 48 '37_ PCC&St L 4%8'77C._ Pillsbury F1 M 6s 43 _ Pitts&W Va 4345’58 A Pitts&W Va 41,8°60 C Port Gen El 41,3 '60__. Postal Tel & C 58’53 Potomac E1 P31 Pressed Stl Car 58 °'51_ Pure Oil 434 ="50 ww__ Pure Ofl 4%5 50 xw__ Reading Jer C Reading R 434 . 106% Rem-Rand 4% - 1us Republic Stl 4155 °56.. 98%; Republic Stl 4168 '61__ 9874 Republic Stl 434s 50 Richfield Oil 65 44 Richfield O 68’44 ctfs. R1A&L 18t 4%:8'34_ Rntland RR 4%8°41__ Saguenay Pw4 4 s'66 .. St L IM&S R&G 48'33 StLRM&P 5s'55 St L-S Fran 4s'50A __ St L-S F 45 '50 A ctfs_ St L-S Fran 4%s'78 __ StL-SF 4%8'78 cfat St L.-S Fran 68 °'50 B St L-S F 58 °50 B ctfs StLS W 1st 4589 StLS W2d4s'89 StLSWgnrf6s'90. . 5t LS W st ter 58'52_ 1064 10635 1043 --. 103 San An P Svc 68 San Diego CG&E4s'65_ SantaFe P& P 5842 . Schulco 6%s 46 B stp. Seabd A L 48°50 Seabd A L 4550 o Seabd A L ref 4s 59 — Seabd A Lrf 4s'59 cfs Seabd A L adj 6849 .. Seabd A L 6s°45 A Seahd A L. 45 ctf Seabd A-F1 5 Act. Shell Un deb 3%s'51.. Skelly Oil 4s ‘51 Socony Vae 3 0 South Bell T&'T bs "41. South Nat G 41;8'51_ So Pac3%s 46 So Pac ref 4s'55.. So Pac 4155 '68.. y 6% So Ry Mem div 58°96 SoRyM&O4s'38 _ So Ry St 1.div 48’51 S W Bell Tel 333 Spokane Int 5s *55 Stand Oil N J 3s°61._ Studebaker cv 6845 ‘Tenn El Pw 6s'47 A_ Term AsSt L ¢8°53 . 1325 101 133 106 109 101% 10834 8034 54% 04 1634 1045 107% 811 1000 9914 4 9914 147 [31% 1024 10314 104% 9414 U 10044 10615 9814 911 1013 104 D. G ¥ 9634 102'4 1073 1074 1073 106 109 10015 1005 1004 101% 1033 1043 1043 104§ 823 83 803 10314 10315 10814 10814 10834 104% 9414 944 10114 107 9734 91§ 1015 104 9344 9974 | 20 | 10374 5103 “© 261§ 4T 63% [Lin 35'4. a7 a7 3844 | Wy LE 107 108 108 174 10715 & 111% % 1033 | 105% 108 28 105 12 120 20§ 12245 64 10615 | 10435 103 10614 13t 10034 102 108 132 101 uo)fi’pu 110% 3535 | $ | inch min WEDNESDAY, ELECTRIC POWER OUTPUT DECLINES Edison Institute Reports Total Is 15.7 Per Cent Above Year Ago. By the Associated Press. NEW YORK, January 27.—Edison Electric Institute today reported pro- duction of electricity in the week end- ed January 23 was 2,256,795,000 kilo- watt hours, a decline of .3 of 1 per cent from the previous week, when output was 2,264,125,000 kilowatt hours, and 15.7 per cent above production a year ago of 1,949,676,000 kilowatt hours. The Associated Press index, which is adjusted for seasonal and long-term trend, advanced for the week to 119.0 from 118.5 the week before and 105.2 last year. Production in 1929-1930 is taken as 100. The range for recent years follows: 1936-37. 1935. 1934. 1933. _ 1198 1055 974 919 - 1020 941 919 802 Per cent gains over last year were recorded in all major geographic re- gions by the institute as follows: New England, 17.9; Middle Atlantic, 14.6; Central industrial, 19.1; West Central, 7.8, Southern States, 18.3; Rocky Mountain, 4.0; Pacific Coast, 12.4. Washington Produce BUTTER 14-pound p: 11 nnund prints, ‘Il- Teel rlm. #Rrs—Choice beet. 17 o: lamb. 19: pork lo 2. smoked ham. - slab bac: 8: compound. 14 1 e LIVE STOCK —Pigs 90" i N0 medium_ hoes. 10al0'4: hogs. #al0: roughs. Gak'z: caies. lambs. al¢ Prices nMd shippers net fob. Wash- | ington By the United States Bureau of | Amm.mm Economics }GS— Market steady le‘hnnn'd Current receipts. ennery whites, o e seeomment. yraded. and dated whife eggs (net prices paid shippers fo.b. Washington): U. S. extras, lar "‘"d L FXIrn( medium: = u. standards. lar i VE POLLTR\‘ M»rkl‘l S(exdv Dhrrs unrhlnxm Fowl: Colored. als: | P e, Oy CChickens: Virginia | Rocks. broilers nlld fryers. - D ware Crosses. 188 DMH\G\ and up. ¥ 10, old guinea: Young hens. 1% pounds No. s 1" c ccd bac + lard. hoes heavy vl at Sales in large lots by or up to N am. today. APPLES—One Was! | unbroken car on track | demand light baskets. U | 214-inch minimum. 50a1.65, (1 | 081750 imum. 1.00a1 w | minim mum. 1.5 inch minimum | - "POTATOES —One roken and four un Supplies moderate: d dull. 100-pound sack: Green Mountains. | Gemand Hent. market S t <. Dom round trpe. tvpe packed local pound sacks, Domes ina type, mostly arrived: one rived: one broke: ar gn, track Supplies mod ig] na y three track 2.3582.5 BLERY —Two Florida arrive broken and two unbroken cars | Supplies moderate Florida 10-1 hed and pr 6-10 dozen ady Jettnce Prices Steady. Three California arrived: six Seetken cars on demand iicht: market type. 5 dozen, 5.00a5 ONIONS —One New York arrived broken and one unbrol b vel yalencias, 3 inches ht: demand ! 17z-bushel | igan, 85 larger. EGGPLANT- ssht: mark rases G UASH - Practically no supplies on the | maraet PEARS—No carlot arrivals: one broken | and one unbroken cars on track. U. S. TREASURY POSITION Bs the Associated Press. Th Dnnllon 0( (h(' Tl’?n\uly on Janu- Rec .86 413: expen ? balanice. 5y, Teceipts 315,16 ihe fiscal year (since July ).ROT.RG. expenditures. S4.- including L84, for excess : gross decrease ot nder ‘the previous day: 1 %1 14 0.104.04 including R71.98 of inactive gold. Texarkana 5.8 '50 rexas Corp 3%s'51 Tex & Pac 1st 5! "0"0_ Texas & Pac 58’77 B . Texas & Pac §s 80 P, Third Av ref 4s'60 Third Av 1st 55’37 Third A ad In ex 55’66 Tol & Ohio C 3% 860 . Un El Chicago 5s'45__ 1064 23 1063 102%% 994 9984 114% 10815 102% 35%; . 107 105 63% 66%5 100 - 134 3414 108 105% Un Oil Calit 48 47 ___ Union Pac 31870 Un Pac 3%s ‘71 Un Pac 1st 4s°47_ Un Pac 1st rf 45 2008_. United Drug 58°53 United Rys St L 4s°34 U S Rubber 55747 Utah P& L 5844 Utll P &L 58 '59 ww. Util P& L 538’47 Va E & P 1st ref 48'55_ VaRy 1st3%s'66 A _ Wabash 1st 58 ‘39 Wal h 58'76 B Wabash 5s ‘80 D. Walker H&S 4% 845 Walworth 4s'55 Walworth 6s '55 n Warner Bros cv Warner-Quin 6539 __ W Sh 1st 48 2061 gtd West’n Md 1st 4852 West'n Md 6%s°77 Westn NY&P gn 45'43 West'ti Pac 53 46 A West'n Pac 5s 46 Aas West'n Un 4%s ‘50 Westn Uncl tr 6s°38... West'n Un 68’51 West'n Un 6560 Wheel Steel 4%;s ‘66 W Sp Stl con 7s'36 et White Sew M 63°40 Wilkes B&E 1st 55 °42. Wilson & Co 4 Wis Cent 15t &n 4s'43. WCS&D ter 45 '36 cfs_. Y'ngstnS&T 33851 Y'ngstn S&T 43761 10734 1034 10634 108% 101% 36%( 1044 5574 10214 1% 223 22 12436 12374 1243 106104 1384 JANUARY market | track. | crates, Icebers | one and | 27, 1937, FLOODS REDUCE STEEL OPERATIONS Ohio Valley Plants Closed, but Rush Continues in Other Areas. P the Associated Press. NEW YORK, January 27.—Gener- ally favorable conditions continue in the steel industry despite floods and labor troubles in the motor field, Iron Age said today in its weekly review. “Floods have reduced production sharply in the Ohio River Valley,” the trade journal said, “but elsewhere neither high water nor automobile strikes have appreciably affected the industry, which is working at top speed on heavy backlogs plus a Janu- ary volume of orders that for many companies exceeds that for any month last year excepting December.” The Wheeling and Cincinnati dis- tricts are hardest hit by flood waters, the review said. In the Wheeling dis- trict plants are virtually idle, as are diate Cincinnati territory. “On Monday the American Iron & Steel Institute estimated the week’s steel operating rate at 77.9 per cent of capacity, but enforced shutdowns since then bring the Iron Age estimate to 75 per cent,” the review continued. “Steel scrap has declined 50 cents conditions, but has risen 75 cents at Chicago and $1 at Philadelphia, where | export buying is a strong influence. { The Iron Age scrap composite has risen to $1883." h | NEW YORK BAR SILVER. NEW YORK, January 27 (#).—Bar ,.fillver swady and unc‘\anced at 447, NE! / YORK. January P —Crude | rubber res opened irregular ‘5 lower to March, 21.35-42; May, 21.34; Slump Ahead In Bonds 1 examinat bonds (and stecks) wnder m. by L.L.B. ANGAS Internationally kmown Invesiment Consuliont Author of “The Coming American Boom" 1934 Ready Fob. 1. Order now from Somerset Pub- lishing Co., 461 Eighth Ave , N. Y. C. Price §1 REAL ESTATE SALESMANAGER WANTED A well-known real estate develop- ment company wishes to secure an experienced man to take complete charge of the scle of its medium ond low cost homes in nearby Maryland. Address Box 496-B, Star Office. First Mortcace Loans District of Columbia— Nearby Maryland — land /irginia— Homes Apartments Business Properties Terms from 3 to 15 Years | Also Monthly Payment Loans || Randall H. Hagner & Co.| Incorporated (7] |MORTGAGE LOAN CORRESPONDENT| New York Life Insurance Co. 1321 Conn. Ave. N.W. | GILLET % Ce, | ¥ INVESTMENT SECURITIES * Woodward Building National 2460 Direct Wires to New York Baltimore Philadelphia Williamsport. R AMPLE FUNDS FOR LOANS on building projects WE INVITE inquiries from prospective builders in Washington, nearby Maryland and Virginia—re- gardless of the size of the project. Talk with us if you areinterested inalong-term, low-interest mortgage loan involving monthly repay- ments on principal. WEAVER BROS ¢ REALTORS Mortzage Loan Corverpmdent Matrepelican Life Insurance Company WASHINGTON BUILDING DISTRICT 9486 all’ machine tool plants, foundries and | other industrial plants in the imme- FINANCIAL. Veteran Gives Up Seat on Exchange Because of Rules B3 the Assoclateo Press. | NEW YORK, January 27.—Stuy- | vesant Fish, a member of the New York Stock Exchange since 1309 and | one of its most colorful flcor char- acters, has sold his membership in the exchange, it was learned yester- day. General dissatisfaction with the many new rules and regulations imposed by the Securities & Exchange Com- | mission upon floor members as well as the entire brokerage fraternity was | given as the reason for relinquishing | his active connections, it was said. | After an extended vacation in Mex- ico and Southern States, he will return | to New York as a special partner ot‘ his old firm, Callaway, Fish & Co. Fish sold his membership for $105,~ | 000, or $29,000 below the last sale. MONTREAL SILVER. MONTREAL January o7 /b —Silver futures ope; ST 030 “Mareh 44000 lower. January, May, 44.50b. b—Bid Money for Construction Loans and Loans on Improved Properties 2% a ton at Pittsburgh, owing to flood | FIRST DEED OF TEUST ONLY GEORGE 1. BORGER 643 indiana Ave. N.W. Nat’l 0350 Competent Advice on INSURANCE Why worry about insurance matters? Let us outline a pro- gram to meet your individual needs, together with a recom- mendation as to the most eco- nomical and satisfactory poli- cies to give you complete cov- erage. We will be glad to serve you J. Blaise de Sibour and Company INSURANCE EROK}R{ ¥ 1700 Ey LWL Atl. 4673 First Mortgage Money For CONSTRUCTION LOANS IMPROVED PROPERTY in the Yistrict of Columbia Nearby Maryland and Virginia 5Y2% Promps Action B.F.SAUL CO. 925 15th Street Natl. 2100 MASSACHUSETTS INVESTORS’ TRUST Prospectus Will Be Sent on Request ||A. S. Gouvrpen & Co.. INc. Woodward Blds Natl. 2000. FIRST TRUST LOIHS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Street NNW. Natlonal 0135 Loan Correspondent Mutual Benefit Life Insurance Co. Investments First mortgage notes, 6% servatively oppraised, new buildings in Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of blished Nearly 40 Years 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation Atl. 1403 mmmm PR RE R Something o Be Thankful For . . For a Long Time As the years roll by. and you receive your regular return on money invested in First Mort gages through this concern, you will more than once be thank- ful that you heeded our ad- vice to Save with SAFETY! Of all the investments pos- sible. the safest and soundest is unquestionably First Mort- gages on Homes. S Aok DR N R RIS DR R R R i) This association. under the supervision of the United States loans your money Mortgages in Maryland, Virginia and the Dis- trict of Columbia. 70 0000 ' 00 L0 0 o S 913 15th gt. N Phone NAtional 6088 T et o o o e T 00000000 o 0 R R g THE RICHARD D. WYCKOFF COURSE OF STOCK MARKET INSTRUCTION (Not an Advisory Service) 'HERE is but one key to success in the stock market—knowing your problems and possessing the knowledge and experience to overcome them. The sole function of the Wyckoff Course of Stock Market Instruction is to teach you how to trade and invest in the stock market It advances no patent formulas, designed to appeal to those who would get rich quick., or who have no desire to earn their money through sound planning and straight thinking. The Wyckoff Course gives you the benefit of practical knowledge gained from more than 45 years of actual trading and investing: knowledge gained not from books, but in the hard school of personal experience. Do your part—apply its teachings—and this Instruction should enhance your market judgment, minimize your risk and create more substantial returns. | WYCKOFF ASSOCIATES, Inc. One Wall Street, New York Without obligation, send me particulars of your Course of Instruction. Name Street and No. City State AMERICAN SECURITY AND TRUST COMPANY Main Office PIFTEENTH STREET AND PENNSYLVANIA AVENUE Branches 7th Eighth and MEMBER FEDERAL DEPOSIT - and Mass. Ave N.W H Sts NE. Monthly Payment Loans or Straight Three Year Loans 3% INTEREST Consult Reat Estate Department REAL ESTATE LOANS on lmproved Froperty Seventh an: 1150 Fifteenth 8t W INSURANCE CORPORATION MEMBER FEDERAL RESERVE SYSTEM I