Evening Star Newspaper, March 9, 1937, Page 15

_FINANCIAL. U. . BONDS MEET FRESH SETBACKS Low-Yield Issues Down De- spite Absence of Active Selling. Bond Averages 10 10 10 Indust Util F'en Unc. —.1 96.7103.8101.2 728 96.81039101.2 729 97.8104.1102.1 742 92.9102.71019 71.0 99.0104.41028 74.7 96.8103.8101.2 72.7 98.2104.4103.1 73.0 86.9101.8 99.3 67.6 458 400 646 422 101.1 98.9102.9 100.5 10 Low-Yield Bonds. Noon ____1109 Prev. day. 1108 Month ago111.8 Year ago. 111.7 1937 high. 113.7 1937 low. 110.8 1936 high_113.5 1936 low. 110.2 1928 high. 104.4 1932 low. 8638 Net change ‘Today. noon Prev. day. Month ago- Year ago- - 1937 1937 1936 1936 1932 1928 (Comptled by the Assoctated Press.) By the Assoctatea Press. NEW YORK, March 9-—Oflenngs of low-yield bonds at levels under previous finals were coincident today | in some divisions of the Bond market with a further sag in United States Governments. Early in the session the Faderal {ssues worked 1-32 to 5-32 of a point lower. Despite the unchecked decline, there was, according to dealers, no evi- dence of active selling, and the same was true of top-grade corporate liens, which buvers were able to pick up at fractionally lower prices. A number of liens in the specula- tive divisions profited by the selective strength of the share list. Loans of Youngstown Sheet & Tube, Pure Oil and Great Northern 4s “G. with conversion or other stock priv- | ileges, rose from 1 to 2% points. American Typefounders, a volatile performer in recent sessions, dropped 1 shortly after the opening. Washington Exchange SALES. Capital Transit Co.—10 at 15, at 1515 Washington Loan & 300. 10 Trust Co—6 at AFTER CALL. Capital Transit Co.—10 a: 1514, 10 st 1515, 10 at 15%, 1514, 13 at 15%4. Capital Traction 55—$1,000 at $1.000 at 94. Washington Gas Light—8 at 857, Bid and Asked Prices. BONDS. PUBLIC UTILITY 937, Amer. Tel 413 | Dominic 1st 5158 42 ‘Wash Rwy. Col._Country Clup 5125 105 W. M. Cold Storage 5s STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. (%) Capital Transit Co. N. & W. Steamboat (g6) Pot. Elec. Pow. A pfd Po. El. Po. 23 Amer. Sec. & Tr. Co. (eS) Bank of E-xherdu h.75) Capital ¢ = Eon™e ‘Savings @) Liberty (4) Lincoln (16 ‘o' Natl,_ Savings & P Grarses B e T .50 Rigs (8) Riges ofd (5) Washington (6 Loan & Trust (e8) FIRE INSURANCE American () 100 Corcoran 100 Firemen's (160) < National Union (.60) TITLE INSURANCE Columbia (3 13 Real Estate (6 160 1SCELLANEOUS Carpel Coro (2001 Lanston Monotype (4) Mergenthaler Linotype (%) Peoples Drug §.com. (+1.00) s ) +111 s 7 Corp, Wdwd. & Loth com. (+1.50) Wdwd. & Loth. pfd. (7) *Ex dividend bBooks closed. 1Plus extrac Ay 13 1005 soc paid Aus. c paid Nov. 16. 1936. © xira paid De- 15. 19 Sira - 15 Cebn\(‘ June 30. 1836: ‘)C paid 936 _ DIVIDENDS ANNOUNCED NEW YORK. March 9 (#.—Dividends @eclared (prepared by the Standard Sta- tistics Corp.): Extra. e- Stk.of Pay- Rate. riod. record. able. Gt _Lakes Engr Wk 4-24 B McKee (AG) Cl B Aetna Cas & Surety Aetna Life Insur Ainsworth Mfg AmErake sh & Oc Am Br.kr Shoe & o B3 S1.31% Buyd Ru:humsun 8% (‘ons Retail Strs 87 pf Dejay _Strs Formica Insulation Gt Lakes Engr Wks _ Industrial _Rayon Inland Investors Invest Co of Amer Lambert Co Mascot Oil McKee (AG) CI B~ 27 Enhauk CII’D!I Mills Co e J0c 10c s0c Soc at_Candy Candy N Candy ©Ohio resst eece Fold M ‘avior Milling . Teo1st pf 2d pt DDDODDQDDDDDCD 000 © b NEW YORK BANK STOCKS NEW YORK. March § (.—Over-the- eounter market bank and trust companies =—opening bid and asked prices: Bid. Bank of Mlnhuun (a'a) 37 Chase (1.40. City (1) Commercial (8) Eirst National (100)- Public (1" Bankers '3 Brooklyn Trust (4) Central Hanover (4) Chemical (1.80) E Continental {80c) _ Corn Exchange (: !mnire [33) Tawyers’ Manufacturers’ New York Trust T 1s Title Guaranty L Trust 1 FREIGHT LOADINGS. NEW YORK. March 9 (P.—Revenue tremu carloadings of railroads reporting today included: i Previous Last Week. _Year. Santa Fe 7 35.459 285 e onio | 36:350 oo D Smith (A. 0.) Corp.—Company ob- tained an order for 37 miles of 8%- inch pipe from an oil company; order will require 2,500 tons of steel, it was said. 10 at 154, 10 at ! . | Denmark 5338 ‘55 _| French Gov 755 41 3 STAR, WASHINGTON, D. C, BONDS ON By private wire direct to The Star. TREASURY High. Low. 2:55. 218 1949-53 100,46 100,28 100,28 2% 8 1945-47 104,17 104,17 104.17 2% 8 1948-51 e 10312 1039 108.9 2%, 8 1961-64 ... 102,28 102.24 2% 8 1966-59 .. 102,28 102.24 2%s 1950-60 . 104.10 104.7 38 1951-66 106.5 1065 3lhs 1946-49 1079 102.7 314 1949-52 107 107.9 318 1944-46 107.20 0717 33,3 1940-43June 10620 106,17 3%51941-43 Mar 107.16 10714 3%8 1943-47 108, 107.30 45 1944-64 113,16 113,14 4%S-3%81943-45 107,17 107.17 107.17 4% 1947-52 18381 ll!jl'fl&fll FEDERAL FARM MORTGAGE 103,18 103.18 103.18 104.6 106.6 107.7 107.9 107.17 106.16 10714 10780 13.14 104,22 104,17 10418 31451964 - 105.14 105,12 105.14 HOME OWNERS' LOAN 2%5 1939-4Y 1021 101.24 101,24 381952 1043 108.21 103.28 3% s 1941 - 1078 1079 1079 FOREIGN BONDS. Abitibi Pa&Pw 6303 Akershus 6s 63 Antioquia 7s 45 A. Antioquia 78 45 B Antioquia 7s ‘45 C Antioquia 7s 456 D | Anttoauta 1st 7s ‘57 | Argentine 414871 Argentine { %s 62 Argentine 6s°57 A Arzentine 65’58 B Argentine 6s 59 June Argentine 6s ‘59 Oct Argentine 6s ‘60 Oct | Argentine 6s ‘60 Sent | Argentine 6s ‘61 Febr | Arzentine 63 '61 May Australia 43556 Australia Austrian Belzium seigium 2:58. L) ¥9%5 16 16 16% 16% 14 9874 1% e o, 10073 we w2 102 i 101% 100t 10635 102 10814 167 aabi a3l | a2y 51 100 | Brazil 6% | Brazil 78’52 Brazil 8s 41 Brisbane 5s ‘58 Budapest 65 62 unmat coupon on Buenos A C 6% '55 Buenos A C 3s ‘84 ._ Buenos Alres 4%8-3%8'77 Py Buenos A 4%s'76 Aug | Buenos A 6561 st Pv | Bulgaria 75 67 July coupon oft | Bulsaria 7358 68 May coupon oft Canada 213s Canada 3%s 61 | Canada 4s'60 Canada s Carlsbad & Chile 65’60 Chile 6861 Jan Chile 6s ‘61 Febr_ Chlle 6s 61 Sept Chile 6s 62 Chiie 7s 42 Chile Mg Bk 6s '61___ | Chile Mtz Bk 65 62 __ Chile Mtz BK 6%s '57_ Chile Mtg Bk 6%s 61. Chilean Mun L 7s 60 Colombia €s 61 Jan _ Colombia 6s 61 Oct __ Covenhagen 4%s ‘52 Covenhagen 5s 52 Costa Kica 18 A 51 Cuba 58 "04-'44 | Cuba 5345 45 Czechoslovakia 8s 2874 10134 59 18 9 86 2% s | ¥k 9% 107 ¢ Uk 52 | 243 | i 248 244 ualy 254 2 213 213 218 1 45 45 ¥ g b3 108 57% | 1048 10084 w2 1084 8014 sl 4 20% 35 36 unsg 997, 5% 104 673y 2 104k | Denmark 445 62 oty we 1usl 80% 81 81y 1083 2 1243y 122 e 117% 4 37 Denmark 6s 42 | Dominic 18t 53840 . Dominic 2d 61s 40 _ Frameric In T35 42 | French Gov 7s ‘49 12439 French Gv 7s 49 un st Ger C BK A 65 38 Ger C Bk A 6560 July Ger C Ag Bk 65’60 Oct Ger Gov 5% '65 st Ger Gov 538 65 un st Ger Pry & City Bank con Ag 6%s'5% Ger Rep 78 '4Y9 stpd Grt CEl Jap 6%s '50. Grt C Ei Jap 78 44 Greek Gov 7s 61 25 20% 82 sl s:' Rein 106% 28 Helsingtors 612860 Hung Con M 7s ‘46 Huni Con M 738 45 unmat couoon on i Hung L M 7%:5°61 A_. ltaly 78 51 Ital P U Crd 7s '52 Japan 5%s 65 apan 6%%s 34 Jugos Mtg Bk 7s '57 unmat coupon - Karstadt 6s 43 Met Wat 512850 28 28 8% kd 82 96 10034 6% 6 6 1003 6% 5 6 Milan 6%s 5 % | MinasGers 6%s ‘59 Sept coupon on _ Montevideo 6s ‘59 New So Wales 6s '57__ New So Wales 58 '58 Norway “14s ‘65 Norwav 4158 ‘56 Norw Hy El 5%s8'57.. Oriental Dev 53%s 58 Oslo 418 55 OsloG & E5s'63.. Panama 5363 Panama 58 63 stpas.. Permambuco 78 ‘47 Sept coupon oft Peru 68 60 _ Peru 6s 61 Peru 7s 59 Poland 6s "40.. Poland 8s 50 Riode Jan 6853 Aug couponoff_____ Riode Jan 8s 46 April coupon off __. Rio Gr do Sul 68’63 June coupon oft. Rome 61,8 '52 Rumania 7s 49 Aug coupon off .. Sao Paulo C 8s'52 coupon oft Sao Paulo St 7s Sao Paulo St 8s ’50 July coupon off . _ Serbs 7s ‘62 unmco Serbs8s‘62unmeco - Shin'su El P 6%s'52 Siemens & H 618 '51 Sydnev 5%s 55 Tokio E L Ltd 6= ‘53 Trondhiem 51%8'57 __ Tyrol Hy El T%s 65 Uruguay 6s 60._. Uruguay 6s°64____. 67% Warsaw 7s ‘58 [t DOMESTIC BONDS. Adams Express 4847 10h}5 Adams Expre: s *48 1054 Alleg Corp 68 "44 100% Alleg Corp 65 49 Alleg Corp 68 ‘50 stp.. Alleg Valley 48 42 Allied Stores 433 '51_ Am & For Pw 6s 2030 Am lcecvbs'53 ... Am I GChb6%s 49. Am Intl 5%s ‘49 Am Tel & Tel 3% Am Tel & Tel 3%, AmT&T 4%s 39 AmT& T 6%s 43 . Am T F 2%8-55'38-'60 Am Wat Wks 6s 75 _ Am Writ Paper 68 47 Am Writ Pa 68 47cfs Anaconda deb 43%s ‘50 Anglo-Chil Nit 78 '67 Ann A 1st ex in 48 °95. Armour & Co 4%s ‘39 Armour(Del)1st 4s'55 Armour & Co Del 4s 57 Armstrong Ck 48 ‘50 A T&S Fegen 4s 95 A T&S Fead) 4896 st . 203 63 103 1021 1017, 10835 10134 3% 100%4 101 303 63 108% 1028, 10085 s 101% 8% 1003 101 83 3% 21% 24k 67% 1073 10734 10834 108 1114 11t 13% 113% 1024 10214 6y 961 6ls 97 10834 1053 57% 57% 60}§ 603§ BO}§ A T&S Fe TSCL i 58 Atla&Ch A L, 5s 44 Atl Coast L 18t 43 6! Atl Coast L et AtIC Lun4ls u Atl Coast Line 58°45 Atlantic & D 1st4: Atlantic & D2d 45'48. s % 102 | EIEE 1081 | N. Y. STOCK EXCHANGE High. Low. 2:50 High. Low. 2:58. 1065 106%5 mv 8z 81% h 931 9315 v2lg 934 101% 68 Y6 F ref 552000 D___ Ll L 00000500 Swn b6s 60 . & O Toledo 48°69 . Bell T of Pa6s 48B.. Beth Steel 3% s ‘66 Beth Steel 4148 60 Bos & Me 55 ‘65 Bos & Me bs '67 Bot Con M &1:8 34 Bat Con M 6135 34 Bklvn Ed con 3% #'66 Bklvn Man T 4%s 68 Bklvn Un EI 68 °50 Bklvn Un Gas b8 45 Bklvn Un Gas 5s Brown Shoe 2% 8 Buff R&P con 4%s ‘57 Buffalo R & P 55’37 Bush Term con 58 °55 Bush Term Bldg 6s ‘60 Camag 78 42 ctfs Canada So 65’62 A Can dian N R 41 Can'dian N R 4%8°56 Can'dian N R 4%8 56 Can‘dian N 568 July Can‘dian N 5569 Oct Can‘dian N R5s 70 Can dian N db 61546 Can dian P db 4s perp Can dian Pac 4%s ‘46 “an dian Pac 4%s 60 Candian Pac 58'44 cfs Can'dian Pac 58 ‘54 Caro Cl & O 6538 CaroCl& O 68°52 A Central Fdry cv 68°41 Central Fdry cv 6s '41 Cent of Ga con bs 45 Cent of Ga 5s ‘63 C Cent Il E & G 55 '51 | Cent N England 4s°61 Cent of N J 45 '87 Zent of N | zen hs'R7 | Cent of NJ gn 58'87rg | Cent Pa Cert'd deb Hlos 48 Champ P & F 4% Chesap Corp 58 KL | Ches& 0318 96D _. |Ches& 0318 96 & C& Ogen 4t 92 | € & O con 55°39 Chi & Alt ref 38749 _ Chi B & Q gen 4s | Chi B & Q ret 5571 Chi B&QI div 3% 849 Chi & E 11 s '51 Chi & E (115851 ctfs “hi & Erle 18t 58 '82 Chi Grt West 48 * Chi | & L gen 5s 66 C M St P 4s ‘89 CM&StP gn 4%s '8 ) CM&StP 4%s - CM&St P 58 75 * | CM&StP&P ad) 652000 | Chi & NW gen 4s 87 | Chl1 & NW 4%s 2037 | Chi & NW 41,82037C Ch1 & NW C‘Al 49 Chi&NW 43 s 87 | Chi & NW gen 68 87_ Chi & NW rf 68 2037~ Chi R 1&P rf 48 ‘34 Chi R1&P rf 4s'34ctt | “hi R 1&P gen 45 88 Chi R I&P 45 '88 ctfs Chi RI&P gen 4 | Cl RSP 4% | Chi R 1&P 4358 52 et | Chi R I&P 4%s 60 _ Chi Un Sta 3158 '51 | Chi Un Sta 3%s 63 E | Chy Un Sta 4544 | Ch & W Incon 4552 {Chi& W Ind 4%s 62 Childs & ("0 5= 43 Choc O G con 5552 CinG & E3k%s 66 Cin Un Ter 3i;8 D gtd | CCrast Lt s1gs 77 ¢ CCC&St L ref b5 '63 D CCC&SLL StLdv 45'90 Clev Cliffs It 4%s '50 Clev Un Tel 43¢s 77 Clev Un Term 6s 73 B | Colo Fuel & Ir 68°70 | Colo & So 4328 '80 | Columbia G & E deb | 5852 April | Columbia G & E bs | 52May A Columbia G&E 6s * Colum Ry P&L 4s 65 | Comel Credit 3%s '51 iCom Inv Tr 3%s Conn R & L 4%s 51. | Cons Coal Del s 60 Cons Ed NY 84546 n Cons Ed NY 31,856 n Cons Gas NY 4%s '51 Consol O 335 ‘51 | Consum Pwr . %s 66 | Ccnsum P un 3%s 65 | Cons Pwr 3%s 7 Consum Pwr 3%s'65 Container deb 5s 43 Container 6s '46 Crane Co 318 51 Crown C& S 48 '50 Cuba RR 1st 55 Cuba RR T%s 36 rtfs Cuba Northn 5%s 42 50 srg [ 102 91l 104 1008, 10885 963, 107% 1048, 104% 104 10645 9T 101 104 693 1053, 1027 107 10414 9% 12 101% 106 10214 1041, 993 33| Dayton P&L 3%s 160 Del & Hud ref 4543 Den & R G con 45'36 Den & R G W bs ‘56 | Den & RGW £s'55asst Den & R G ref 5378 Des M&F't D 48'35 cfs Det Edison 31,8 66 Detroit Ed 4s°65 F Det Edison 4358 61 D Duaques Lt 4%5 ‘57 B Erie cons 4s '96 _ Erie gen 4s 96 Erie ref 53 67._. Erieref 565 75. Fairbks Morse 4s ‘56 Fla EC Ry 41%8°59 Fla EC Ry 6874 Fla EC Ry §s ‘74 ctfs Gen Am Inv 5552 ___ Gen Cable 5%s 47 _ Gen Mot Acc 3s 46 Gen Mot Ass 3y t3en Stl Cast § Goodrich 4% Goodrich 6s 45 Goodyear T&R 6s '57 Goth Silk H 6346 ww Great N Ry 48 46 G Great N Ry 48 46 H Grt NRy ref 4%='61 A4 Grt N R gen 4145’76 D Grt N Rgen 4%s'1TE Grt NR6%s'62B . Green Bay 53’62 B Gulf M & N5s'60 _ Gulf M& N5%s'50._. Gulf Sta St 5%s 42 Gulf States Util 45 '66 Gulf States Ut 4% 8'46 | Hack Wat st 4s " Har Ry PC 1st 48 54 Hoe (R) 1st mtg 44 Houston O11 5%s 40 _ Hudson Coal 5862 Hud & Man inc 6s '57.. Hud & Man ref b L1l Bell Tel 3% Il Cent 1st 335 111 Cent 3%s ‘52 [11 Cent col tr 4s ‘52 ... 11 Cent col tr 48 ‘563 (11 Cent ref 4s ‘55 . 11 Cent 4%s 66 100 1041 1072 114 1085 1015 8839 874 8714 10835 104% 1072, 113% 10315 1037 1015 88 811 87 10315 1064 103 4 106l 1003 i 108% 104 108 1354 1% 11414 1085 u7 125 123 103 103 10634 1063 99 99y 10234 1024 10474 104% 1073 107% 96 96 96 96y 1015 1018 8 Inland Sti 3% s IntRT lstrf IRTI1strf6s Mcfll IntRT7s 32 Int Grt Nr 68 56 B___. Int Grt Nr 68 66 C Int Grt Nr 63 '62 A int Grt Nr ad) 6s'52 A Int Hydro Elec 6544 Int Pap 18t 5 int Papref 6555 ___. Int T&T cv %839 _ lowa Cent ltl‘tf&l’ll Jones&L St] 44 5'61A . Kans C So 1st 3s 50 Kans City So ref 58 '50 Kan C Term 1st 4s ‘60 Ky Cent Ry 4s'87 Kings Co E) 48 *49 Kinney(G R)7%s ‘36 lLaclede Gas bs 89 . Laclede G 5%8 53C . Laclede G 53%s 60 D Lake S&M So 3%8°97 L1} 625 1083 108% 99% 99 99% 10634 1053 106% Leh Val Har 58 '64. 5| Fenn RR 3 94%; | LV NY ¢%s'40gtd ... Leb V Pcon 48 2003 _ Leh V RR con 5s 2003 Ligg & Myers 58°61._. Ligg & M 7844 Loew's 3%8 46 Long [s] ref 48°49° Long Isld ref 4s'49 stp Long 1s! deb 55 °37 Lorillard 68°56 . La & Ark 6869 Lou & Jeff Bld 4s ‘45 L & Nash 3%s 2008 L & N unif 48 40 L &N 4332003C_ L & N 68 2003 B L &N Atl K&C 48'55_. L&NPMas'46 McKess&itob 63850 Me C RR gD 434 8'60A Manati Sug 7%s 42 _. Man S1st 734842 ctfs. Manhat Ry 4890 Mex Int R 48 Mil El R&L 68 'n MuER&SLrt Mil & Nor con 4% 39 Minn & S L rf 45 43 Minn & St L 68'34 ctfs MStP&SSMcn 4538 . MStP&SSM cn 68 38 _ MStP&SSM 6s '38 gtd._ MStP&SSM rf 6s 46A. 40 111 68 59 MoK & T 1stds’ 90..- MOK&T4s'62 B Mo K & T 6862 A—eeee MoK & T ad) 68°67 . Mo Pac 4876 Mo Pac 58°77 F_. Mo Pac 58'18 G Mo Pac 6s ‘80 H Mo Pac s ‘811 Mo Pac 5148 49 A _ Mob & Ohio 4%s'77 Mob & Ohio bs 38 _ | Mohawk & M 48 '91 | Mononk Pub S 41, 8°60 { Monong Pub S 6= Mont Pwr ref3 %s'66 Morris& 5 Morris& Essex & Nassau Elec 48'51 gtd Natl Dairy 84 s'51ww Natl Dis P C 4;8'45 at Ry Mex 418’57 as | Natl Steel 4s 65 | New Eng RR 6345 ___ New Jer P&L 4%s 60 New Orl PS 5866 B - New Orl Ter 1st 48°63 New OriT&M 48’56 New Orl T&M 6s°51 B New Orl T&M 53,854 NY Central 3%s 97 NY Central 3%s 46 | NY Cent con 4898 | NY Cent rf 4328 2 INYCrf4%s2013n ¢ | NY Cent rf is 2013 | NY Centcv 6s 44 NY CLSh3%s'98 C&St L 1st 45" N Y Chi & StL 4546 __. S&St L 412878 . 110 10234 102% 102% 693 68% 683 83); 831 831 123% 122% 1223 182 182 i 99 99 10334 10836 10834 1033 1083 10835 10034 10034 10034 1183 118% 1184 o9s4 99k Vul4 10934 1093 10934 9 Y4y Wy 108 108 108 10674 106% 106% 1083y 108} 108§ ns 18 1us 109% 1093 1033 108% 108% 86% 85 86 704 70% 0%y 50 46% 9939 10634 109 104% 91 5 20 29% 28 8214 23% 603 924 o 101% 69% 105% 9 10034 | changed prices. 12844 10173 | U. S. extras, large. 100% 101 115 - 100 o NH & H 48 55 ___ NH & H 4s 56 M NH& H 414367 _ NH& Hev 6s 48 . NY NH & H Cons Rys s 54 NY O&W gen 4s ‘65 NY O&W ref 4s o | NYQueens con31;8'65 W Ter 5843 __ NY Tel zen 416539 NY W& B4ls 46 Niag Falls P 314566 Niag Sh 51,850 Norf So 1st ref 68 °61 Norf & W 1st 4s 95 North Am Co | North Am Ed 5s GQC | North Am Ed 534s '63 Nor'n Pac gen 3s 2047 | Nor'n Pac 4897 ; Nor'n Pac §s 2047 D. North Pac 6s 2047 Ogden L C 4843 Onto Edison 48 '65 | Ont Pwr Niag bs '43._ | Orez RR & N 4846 | Orez Sh L 55 '46 gtd Ores W RR 4s 61 Pac Gas & E1313s°66 PacG & E 33861 %! FacG & E 4s 64 Pac T&T rf3%s"66 B | Pac T&T 3%s'66C __ | Paramount Pic 68 '55 Parmelee 6s 44 _ Fenn Co 45 '63 Penn Dixie C 6341 | Penn P&L 434s ‘81 Penna R R31swi__ i %s°70C _. | Penn RR 4%s ‘81 D | Penn R R 4%s ‘84 | Penn RR con 4%5s 60 Penn RR gn 418 65 | Penn RR deb 4%s ‘70 \ Penn RR gen bs ‘68 | People GL&C rf 58'47 | Peorta & E inc 4s 90 _ | Peoria & E 15t 45°40__ Pere Marq 1st 48 56 .. Pere Mara 418 '80 Pere Marq-1st 55 '5 Phila Co bs 67 Phila Elec Co 4s8'71 Phila & R C&1 68'73__ Phila & R C&I 68 49._ Philippine Ry 48 37_ PCC&St L 4%s°77C_ PCC&St L 58 °75 B | Pitts& W va 4348°60 C Port Gen El 4%s 60 . Postal Tel & C 5853 _ f'ressed Stl Car 58 51 Pure Ofl 4}4s 50 xw . Pure Ofl 4% = 50 ww Purity Raking 5848 . Reading Jer C 4851 _ Reading R 41.8°97 A Rem-Rand 44 s'56ww Republic Stl 4348 '50 Republic Stl 43%s ‘56 Republic Stl 41,8 61_. Republic Stl 5%s ‘54 Revere Cop 418’56 _. Richfield Of] 6544 Richfleld O 6s'44 ctfs Richfield Ofl 6s'44 stp RG W Istexin 39 Rio G W col 48 R1A&L 18t 438" lL Rutland Can 4s°49 _ Saguenay PWOKI’GG. St Jos & Gr Isl 4s°47__ St L-S Fran 4s ‘50A s F 48°50 A ctfs. Fran 434878 . F 43%8'78 cf Fran 6s'60 B _ sl NRLRRRORRALY okl ity Seabd A L 6s 45 A Seabd A L 68 45 ctfs Seabd A-F16s°35 A ct Seabd A-Fla 6s'35 B ct Shell Un deb 3%s ‘51 Silesian Am 7841 Skelly Ofl 4s '51 Socony Vac 3%s ‘50 South Bell T&T 6s "41 South Nat G C%l’il_. So Pac3%s 46 _ So Pac col 48 49 e So Pac ref 48 '56 . SoPac4%s'68 ______ So Pac 4348 °69 . So Pac ¢%s 81 .. So Pac'(Cal) 58°37. So Pac Oreg 434377 So Ry gen 48’56 A____. So Ry 68 '94 So Ry gen 8o Ry 6%s 66 SoRYM&O ¢s'38 _. So Ry St L div 4s°'51 . S W Bell Tel 3%s 64 Southw'n G&E 4s 60 Spokane Int 6s '65 Stand Ofl N J 3s '61.. Studehaker cv 6845 Svmg G&G 5%8 ww .. Tenn Cent 6s 47 . . Tenn El Pw 6347 A 10244 a6y, i 116% | 10645 | 1 102 10315 7634 | 106% 106% my 2714 4 104 13y 12 1183 106 978 | De i 10255 106% 10149 101 100% | 634 | 102 100% 10584 108% 9935 1064 10674 % 12014 109 1033 116 14 28Y 96 101% 1061 113y 193 984 985 101% 1141 4 Asricuitu 949 | MUECGET 10634 |EAD IS BOOSTED 5 A TON MORE Export Copper Continues Climb at Equivalent of 16.85 Cents. BY the Associated Press. NEW YORK, March 9.—A boost of $5 a ton in the price of lead was an- nounced today by principal producers following a similar increase yesterday. At the same time reports in trade circles indicated sales of No. 1 heavy melting steel scrap had been made at Pittsburgh at $22.50 a ton, the highest recorded sale price in 14 years. Following closing of the deal the trade was said to have generally raised quo= tations. The previous price was $22. The new price for lead is 7.50 cents a pound New York, and 7.35 cents East St. Louis. At the same time the speculative fever which has been manifest in non- ferrous metals, especially in foreign markets, continued as copper for ex- port rose to the equivalent of 16.85 cents a pound from as low as 16.40 cents Monday. The European armaments race is credited by trade experts with causing the wave of buying, some of it for actual metal to convert into arms, but much of it by speculators hoping to profit from this extraordinary call for metals. The domestic quotation for the red metal held at 16!; cents a pound, | to which it was raised yesterday from February. Washington Produce. BUTTER—92 score, 1-pound prints, 38: Y-pound prints, o307 U a7: 90 score, 1-pound prints.’ 37; !s-pound prints. 38; tu v Market irons. Y veal, fresh oice beef. 15: calves. lamb. 18: nnrk Tome ™21 6: slic compound, 15. iVE STOCK—Pigs. 8}2a%3.: light hoj 9'5a0%; medium hogs. $34810: hes hogs. 8afl,: roughs, 6a8Y: calves, Sal lambs. 5a10. Prices paid_shippers. net fob. Wi ingion. By’ the United States Birea: a Narkes generally uendy *u Current pts. 2113 hennery whites. 21} ment graded and dated whi prices paid shippers. fob.. . extr Sandaris lurge. 19; | diums_ 201" U. S & | 5,731,000, | each:"0id guinea i | Young nens 1 va17 old hens. 14: old toms, 14 Fruits and Vegetables. up to x am. today APPLES—No carlot arrivals: one broken and two unbroken cars on track. Supplies moderate, demand moderate T steady. a‘\:‘mex Baskets U.S. N ns. 1.60-1 gcartons. ” fanc Golgen Delicious. 2. s 50: U 1.65-1.85; Grimes. round type L ]' -bu&hel hampers, packed locally 1.00: s. half lettuce crates. mostly around 100 CARROTS—No carlot arrivals: no cars track. Supplies moderate: demand light: market steady. Texas. half lettuce crate T35 CAULIFLOWER—One California arrived three broken cars on track. Subplies mod erate: demand light: market steady. Call formie crates, 1 on cars on track. Supplies moderate: demand I y. ~Florida. ashed and precooled. LE’ CE- hree " California arrived: seven broken and_ two unbroken cars on k plies moder: demand mod- rack. te em(e mar{e( steady. Clhfnmll Western Tceberg [ype. 5 dozen. 5.50-6.00 6 dozen 50 ONIONS—One !ndun§ llnrned two o acks. S. No. 1: nd New York. yellows. medium 10 lnm size., 1. Colorado. Valencias. 3 inches er, L00-3.00 TRAWBERRIES —No carlot arrivals: no cars on tTack - Suppiies Light: d slow: mnriet dull. PD ida. 6-pin 3 holdo\étr“besl 50 7.00: falr condition. 5.50a8.00 per crate. KALE—Supplies light: demand light market steady. Virginia. bushel baskets. 30 FEDERAL LAND BANKS NEW YORK. JMaren 9 (®.—Federal 1051 High. Low. Texarkana 6% rexas Corp 3%s°61_. Texas & Pac 6s 79 C- Texas & Pac 53’80 D Third Av ref 4560 Third A ad in ex 65’66 Tol StL & W 4s'50 . Un El L & P 58 ‘67 Un Ofl of Cal 3%s 52 Un Ofl Calit 42A Union Pac 3%8°70.. Un Pac 3% e n Pac 18t 48 gn Pac 1st rf 48 200! 107% 107% 1073 United Biscuit 5850 . 1073 107% 107% United Drug 68°63 . 102k 1013 101% 170% 170 170% Utah P& L 68’44 106 106 106 0% 70 70 102 102 102 118% 1134 118% 119% 119 97 96% 7 1143% 114 114 105% 106} 10855 62 3 108 623 62% VaRy Ist3%s'66 A__ Va S W con 5s '58 Wabash 4%s ‘78 100 100 100 Wlbllh 5s 80D Wabash Des M 48’39 Walker H&S 43%8°45.. 10034 10034 | Walworth 6s'55 . 10084 10034 | Warner Bros s'Gl 39. 106% 1053 | Warren Br ev 96} 9614 | Wash Cent 4s'48. 983y 98% % 1083 1093 104 1073 107% | West'n Un 4%s 50 Y MY 1003y 10034 | West'n Un 63 °51 106 102 106 102 8135 513 613 69 683 68% 10234 10234 1024 10434 10434 10435 108% 10735 10734 9T 974 10814 10834 1083 10834 10634 1063 1 = 2061 gtd._. 97 West'n Md 1st 48 'Il.. West'n Pac 68 l.A - West'n Pacts 46 Aas 383 mm wm 107% Westn Un cl tr 5838 Wheel Steel 438°53 _ W Sp Stl con 78 35 ot 87% 8144 | Wilkes BE 18t 5842 189 189 10654 10534 99 99X Wilson & Co s 56 Wis Cent 18t gn 4849 Wis C S&D Trm4s'36 T'nEstnS&T 3%s61.. Y'ngstn S&T ¢8°61.. 161 1,7% 168 10134 10134 10134 [ TUESDAY, MA the 15-cent level, in effect since late | Sales in large lots by originai receivers | §. No. 1| Golden, 75~ | ERY.-No_ carlot arrivals: five broken 10-inch | 0... 1073 10734 o'lh 1084 10235 1023 1063 10634 1063 38% 87% 7% 1053 1063 10634 119% 9614 961§ 965 1% 61% 107% 10736 107% 108% 10834 108} 43% 43% 8% 102% 102% 102% 10334 1083 1083 10834 10834 10834 | 1013 10134 1013 RCH 9, 1937. STRONG DEMAND BOOSTS COTTON Price Rise Turns Attention to Sharp Increase in U. S. Consumption. BY the Associated Press. NEW YORK, March 9.—The up- swing in prices of raw cotton the last fortnight, lifting the March delivery above 14 cents a pound, has turned attention in financial circles to a big increase in home consumption of the staple. Since last Summer mills have South’s chief agricultural product. January use in the United States established a record for the month. In a rush to fill a heavy accumulation of orders, mills have been consuming the fiber at the rate of more than 600,000 bales a month. Cotton statisticlans see a good chance for & yearly consumption record since another sweeping wave of cloth de- mand rolled into Worth street last week. Even more significant, in the eyes of many, is the accent it throws on divergent trends of home and foreign use of American cotton. Loses Ground Abroad. Although still Uncle Sam’s No. 1 product in the world market, cotton has lost ground from an export stand- point compared with pre-depression years. | come entirely from home sources. ‘Whereas in other years the bulk of the crop was sold abroad, latest figures indicate home consumption this sea- son may approximate, if not surpass, exports. New York Cotton Exchange figures tell the story. They show only mod- erate increase in total world use of American cotton for the season from August 1 to the end of January. The total was 6,319,000 bales, compared with 6,148,000 in the comparable period of the previous season. Until a recent spurt, smpmems 1 | abroad were running 500,000 to 600,- | 000 bales behind last year and well under exports a few years ago. Mill Takings Soar. Forwardings to domestic users through last week, | u.he exchange reported, amounted to | against 4,153,000 in the ) | same period of the previous season. Meanwhile, use of foreign growths has increased, fed by larger plantings in South America and Asia. With world demand for all cotton | around record levels, consumption of foreign growths for the season to the end of January totaled 8,271,000 bales. The trend has been upward the last few years, shift remains to be seen. Many cot- ton men believe it does, considering efforts of Brazil, Russia and other Real Estate Loans 1st Trust 5% Interest On Improved Property Prompt Service Loan Correspondent Provident * Mutual Life Insurance Co. Wm. H. Saunders Co., Inc. 1519 K St. Dlst. 1015 Amortized Loans for buying, building or refinancing loans on your home made under Federal Housing Act, Title 2. This bank has made over $2,000,000.00 of these loans. COMMERCIAL BANK 9th and G Sts. N.W. 1518 K Street N.W. Member Federal Deposit Insurance Corporation. ST when you switch to richer RICHFIELD HI-OCTANE GASOLINE Please See Pages A-128 A-16 INSURANCE THE PROPER kind ond amount of insurance is vital for FULL PROTECTION OUR Insurance Department has the facilities for cover- ing all types of risks, ex- cept life. We would be glad to discuss with you your Insurance problems. Burglary—Windstorm—Fire Furs and Jewelry Tourists' Baggage Liability (all types) Plate Glass—Automobile Workman'’s Compensation Randall H. Hagner & Co., Incorporated Real Estate—Loans—Insurance 1321 Conn. Ave N.! DE. 3600 {Textile Activity acquired a voracious appetite for the | Broadening demand this season has | ‘Whether this represents a long-time | countries to increase output ahd the | cut in acreage in the United Sutes.} SECURITY SAVINGS AND | FINANCIAL, Hits New Recovery Peak During 1936 BY the #-<ociated Press. NEW YORK, March 9.—The value of cotton, wool, silk and rayon con- sumed by American mills last year topped $1,000,000,000 for the first time since 1929, Rayon Organon reported | today. The trade publication put the total at $1,058,200,000, compared with $990,- 900,000 in 1935 and $476,600,000 in 1932, at the depression low. | The 1929 figure was $1, 578400000 U. S. TREASURY POSITION. The bosition of the Treasury on March | 04: expendi- balance, $1.584.- receipts the r the fiscal year (since July 55,545, 17K 407 expenditures. $4. 954.941.062.90 ~ (including = $1,967 96 KH8.95 of emergency exnendnurm excess of expenditur 2.1 56588 Gross debt__$33 68 $2 855841 tr mp ssels. $11.450.505,260.00, including $228.304.344.40 o! inactive woid. for - MONTREAL SILVER. MONTREAL. March 9 (@ —S8ilver fu- tures opened easier. 5 to 4() lower. March, 44.60b: May. 44.50b; July, 44.75b. b—Bid. Purchasing Homes TERMS AS LOW AS $7.50 PER $1.000 PER MONTH SAFETY FOR SAVINGS PRUDENTIAL IVI'LI'II'NG AS!OC!A'I'ION 1831 G St But deliveries to mills in the United | . | States climbed steeply. | | CONSTRUCTION LOANS and LOANS ON | IMPROVED PROPERTY [ in the District of Columh'a Nearby Marylan and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 First Morigage Loans Interest 5% Smoll Construction Loans Considered Wm. T. Ballard 1221 Eye Street N.W Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGE I. BORGER 643 Indiana Ave. N.W. Nat’l 0350 FIRST TRUST MONEY FOR REFINANCING LOANS AND CONSTRUCTION LOANS THREE-YEAR LOANS AND 15'2-YEAR MONTHLY PAYMENT LOANS PAYABLE $8 PER $1,000 5% No Commissions or Extras EQUITABLE LIFE INSURANCE COMPANY 816 14th St. Met. 3437 = Your Money Is Too Hard to Get—Why Takea Chance? Any one who earns money these days knows how much ef- fort is needed to have any to spare. In investing it don’t take unnecessary risks ... SAVE with SAFETY Of all the investments pos- sible, the safest and soundest is unquestionably First Mort- gages on Homes. This association, under the supervision of the United States Treasury. loans your money ONLY on First Mortgages in Maryland, Virginia and the District of Columbta. cg/wtf ;7“’“ CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INTEREST COMMISSION 1% 5% Upon completion of buildings, these loans may be extended on one of several long term monthly payment plans; or for three or five years, without curtails; interest semi-annually. H. L. RustT CoMPANY 1001 FIFTEENTH STREET S.W. Branch, NATIONAL 8100 [ QuesTions ™aT e askep asouT sanmnG | vy 717 people of this community. A checking account is a valuable service to depositors. Naturally, it costs the bank money to handle every account. These expenses in- clude check books, signature cards, deposit slips, other supplies and necessary time gind cost of handling the account. Consequently, the bank expects an adequate balance to be kmme&mmaflac&xmm' will help to cover its cost. Otherwise, a moderate service charge is ordinarily made. If you do not have a checking account now we invite you to open one here. McLachlen Banking Corporation Since 1891 TENTH AND G STREETS, N. W. 12th and Maryland Ave. SW. Member Federal Deposit Insurance Corporation