Evening Star Newspaper, March 12, 1937, Page 17

FINANCIAL. THE EVENING STAR, U5, BONDS BREAK INACTIVE SELLING New Lows for Year Set Corporates Go Down Fractions to Point. Bond Averages 20 10 30 10 Rails Indust. Util F'zn 1 unc, —2 2 96.2103.6 100.4 96.3 103.6 100.6 97.9104.0102.0 91910241019 99010441028 96.3103.6 100.6 98.2104.4103.1 1936 low 86.9101.8 99.3 1932 low 458 400 64.6 1928 high__ 101.1 98.9 102.9 100.5 Net change Today, noon Prev. day-- Month ago. Year ago..- 1937 high. - 1937 low 2 1936 high.. day_ 110.4 ago- 111.6 low. 110.4 tow- 110.2 low. 86.8 Month ago 111.6 1937 high_ 113.7 1936 high. 1135 1928 high_ 104.4 (Complled by the Assoctated Press.) BY the NEW YORK. M in United States Government carrying them to new year, echoed throughout market today. h iss! for the Corporate bond prices generally were marked down fractions to more than | a point as the Ti under active selling ury list give w. Losses in the Government division | Belgium 6 in late trading ranged to about three- | Belglum 61,549 quarters of a point, with a number of | Berlin és 58 It long-term loans off half a point. 12—A break | Arcentine 6s the bond | Arzentine 6s BONDS ON By private wire direct to The Star. TREASURY. High. Low. 2:55. 100,21 1009 100.% 104.10 108,28 103.28 102,81 102,16 102.16 102,21 102.8 102.9 102,22 102.9 102.9 1041 108,18 103.18 1064 10622 107.4 106.31 1075 106.8 107.4 107.17 111.28 1%, | 2145 1049-53 | 23,8 1945-47.. 238 1948-51.. 238 195164 e 2% 8 1956-69 27%s 1950-60 38 1951-56 3%s 1949-52_ 31 s 1941 31,5 1944-46 335 1940- 3851941 3%s 194347 3% s 1046 4s 194464 414 5-3% 8 1943-45 4181947 52 118.10 11728 FEDERAL FARM MORTGAGE 3s 1947 104.13 103.27 102.27 351949 _ 3181964 HOME OWNERS' LOAN. 2148194244 1016 1014 1014 238193949 _ 10111 100.28 101, 881952 __ 108.22 108. 108.L FOREIGN BONDS. High. Low. 2:55. 93 w2y 9ub 99% 99 993 5% 15 16 4% 14l 1% 16% 16% 16% 1455 14% 4 1835 183y 14 1434 10015 1004 By W71, 101% 10l% 10174 100 7% IR ety 1017 10215 1 10155 1024 100 106%% 1068 1083, 108 1915 204 10630 107.9 Abitibl Pa&Pw 6803 Akershus 5s 63 Antioquia 7s ‘45 A | Antioquia 7845 B Antioquia 78 '45 C Antioquia 7s 45 D Antloquia 1st 7s Antioquia 2d 75'57 new Antwerp 6s 5% Argentine 41 | Argentine { 1y Argentine 6s Aruentine 6s Argentine 6s | Areentine 6s | Argentine 6s 61 Febr. Arzentine 6861 May_ Australia 435 56 | Australia 6s | Australia 55 °57_. ‘56 - 60 Oct Berlin 63,8 '50 _ N. Y. Bklyn Un Gas 68 '60 Bklyn Un Gas 68 '67 B Brown Shoe 3% s '50 Buff R&P con 4%s '67. BCR&NGs'34ctfs__ Bush Term con 6s ‘55 By-Prod Ck 6%s 456 Camag 78 42 ctfs Canada So 65'62 A Can'dtan N R 4%s’51_ Can‘dian N 65’69 july Can'dian P db 48 perp Can'dian Pac 41s '46. Can dian Pac 4%s 60 Can'dian Pac 58’44 cfs Can‘dian Pac 6s ‘64 Central Fdry cv bs'41 Cent of Ga con bs ‘45 lent of Ga rt Alhe K9 Cent Hud G& Cent I1l E & G b 51 Cent N England 4s 61 Cent Pac 1st rf 4s'49. Cent Pacbs 60 Cert'd deb 5%s 48 ___ Ches& 03 C& O gen 414892 C & O con 68’39 reg C& O R&A 1st 45'89__ Chi B & Q gen 48°'08 Chi B & Qref 6s'71 Chi B& Q 11 dv 4s'49_ Chi & B 11 6s '61 Chi Grt West 48 ‘69 Chi | & L gen 65 66 Chi Ind & L gen 6s ‘66 C M St P 4s 89 5 CM&StP gn 4%s'89C CM&St P ¢ 89B .. CM&SP 43,5 89 CM&St P bs 76 CM&SIP&P adj 652000 Chi & NW 415s 2037 Chid& N\ 4% s 44 *hi & NW rf 58 20 Chi R 1&P rf 48 34 Cni R I&P of 45340t Chi R I&F gen 48 88 Chi R I&P 4158 52 ctt Chi R I&P 4%4s 60 __ ChiT H&S 1st 68760 _ Chi Un Sta 3%s 63 E_ Chi Un Sta 4s 63 2 Chi & W Incon 4s'62. Chl& W Ind 4%8 62_ Childs & Co §s "4 CinG&E3Y%s’6 “in Union Term 5 . 1084 2:58. 105" 1066 1034 1075 10534 106% 90 90 3044 30 6815 6834 10814 1083 2974 294 16 116 11054 11144 11434 114% 9214 w2y 108 108 104 104 13 ns 107% 107% 120 120 3 8334 224 10414 102% 73% 107% 1013 5234 954 V634 118% 107 17 1105 11644 11034 48% 49 22 22% 6414 105 10734 106% 91 8034 68% 2974 16 1% 1143 4314 108 104 13 1078 120 @8k 2214 104% 103% 33 24 ol 144 | Y7g | 10444 10874 102 100 90 9934 107% WASHI High. Low. 2:58. MOK&T 4%s'78_. MOK & T 6862 A, MoK &T4s'62 B MoK & T adj 6867 .. ™o I11 68 '69 . _. Mo Pac 68 '78 G Mo Pac §s'78 G ctfs. Mo Pac bs ‘80 H Mo Pac 68 ‘811 __aaee Mo Prchles 49 A - Mob & Ohio 416877 ___ Mob & Ohio 63 38 Monong Pub 8 41,860 Monong Pub 8 6s 65 Mont Pwr ref3 % s'66 Mor&Issex 3% s 2000 Morris&Essex 4%8 ‘65 Morris&Essex bs ‘55 Natl Dalry 3% 8'61ww Natl Dis PC 4%s'45 _ Natl RM 4s'77 asst __ Nat Ry Mex 4%8'57 as Natl Steel 4365 = New E T&T 1st 68'62._ New Jer P&L 4%s8 '60. New Orl PS68'62 A New Orl P8 68°66 B__ New Orl Ter 1st 4858 New OrlT&M incbs'35. NY Central 3%s 97 NY Central 3% s *46 NY Cent 48 °42__ NY Cent con 4898 NY Cent rf 4%8 201 NYCrf4l%s2013n NY Cent rf 632013 NY Centcv 6s 44 _. NYC Mich C 31898 _ N Y Chi& StL 4s'46__ StL4tos 78 St L5168 "T4 A Chi & St 1, 6838 Dock 15t 48 51 ' Dock he 38 = ¢ 2dison 814 & 65 D { dis ref 315866 _ & 13 1st ext 4547 G El H&P 0848 L& W 1st 48 73_ NI & H 48 55 NH & H 4s°57 H & H el tr 68'40. NH & Hcv 6348 NY O&W gen 4855 NY O&W ref 48 92 . NYQueens con33#'65. NY NY NY NY NY NY 1834 8434 7434 6% 603 22% 10314 100 o6 a2 Qa1 100 1128 122 FEL 10254 8 8434 74 6% 60 224 “y “i 4y 3 “ “® 17 86 854 105% 10734 94 90 »3 108 4% D, NEW PEAK 1S SET BY RETAIL TRADE Pay Increases and Pressing Easter Requirements Are Major Factors. BY the Assoclated Press. NEW YORK, March 12.—The recent wave of pay increases and pressing Easter requirements released addi- tional buying forces during the week, which enabled most key cities to re- port retail sales at a new high for the year, Dun & Bradstreet said today in the review of trade and business. “Belated Spring commitments and more replacement orders from the flood areas brought a fresh impetus to buying in wholesale markets,” the agency sald. “A more fortified ad- vance spread to most industries, despite the appearance of turbulent labor disputes in some divisions. The review estimated retail sales for the country as a whole at 6 to 12 per cent ahead of the preceding week and from 15 to 30 pr cent over the same week a year ago. Percentage increases over the 1936 comparative in the major geographical areas were: New England, 15 to 25; East, 16 to 30; Middle West, 17 to 31; Northwest, 18 to 22; South, 20 to 35; Southwest, 16 to 25, and Pacific Coast, 15 to 20. “Typical variations in March weather, ranging from snow to Spring- like temperatures, stretched consumer requirements over the entire gamut of offrings,” the agency said. “The week’s sales for most of the key cities was at a new high for the year. ‘Shoes, hosiery and milinery dom- inated women's wear purchases, and interest was equally strong in un- C., FRIDAY, MARCH 12, 1837 — ey e e o %% AL STOCK EXCHANGE High. Low. January Textile Activity Records 14 Per Cent Gain Bpecial Dispatch to The Star. NEW YORK, March 12.—Textile mill activity in January, according to Textile World's index, was 14 per cent above that of January, 1936, and 28 per cent above a “normal” year (1924- 31 average). Indications are that Feb- ruary will show an even greater in- crease over last year. ‘Textile World’s price indices were fairly steady during February, with the exception of gray cotton fabrics. Based on 1923-25 average as 100, price index numbers for last month, with change from January, are as follows: Cotton — Raw cotton, 48 (un- changed); yarns, 74 (up 1); gray goods, 78 (down 3); colored goods, 76 (un- changed). Wool—Raw wool, 90 (un- changed); tops, 92 (down 1); yarns, 80 (up 2); wool cloth, 108 (unchanged). Raw silk, 27 (unchanged). Rayon, 26 (unchanged). e INVESTING COMPANIES NEW YORK, March 12 (P.—New York Becurity Dealers’ Association: (Noon quotations.) Admin Pd 2nd_Tnc __ Am Business Shrs Am Gen Eaq Inc Am Ins Stocks Bancamer Blair iroup Shrs Nat Inv Corp Industry o Inv | Bullock Fund | Corporate Trust =7 Corporate Trust AA Corp Tr AA mod _ Corp Tr Accum Ser Corp Tr Acc mod Cumulative Tr 8h Depos Bk Sh N Y Depos Ins Shrs “'A’ Depos Ins Shrs “B" Diversified Tr © Dividend Shrs Equity Corp $3 pf Fidelity Fund_ Inc First Boston Corp Fixed Trust Sh A Fixed Trusi Sh B Found Tr 8h A Asked. 26,00 FINANCIAL EXCESS RESERVES UP 70 MILLIONS Money in Circulation Drops Along With Treasury Deposits in Week. the Associated Press The Federal Reserve Board esti- | mated excess bank reserves totaled | $1,380,000,000 on March 10, an in-| crease of $70,000,000 for the week. The rise in the supply of idle funds available for credit expansion was traceable partly to a $31,000,000 drop in money in circulation, bringing a back-flow to the banks of this amount, and a $30,000,000 decline in Treasury deposits with Federal Re- serve banks, When the Treasury withdraws tunds from Reserve banks, they are dis- bursed into business and trade chan- nels and thus flow into the commercial banking system to finally bring an increase in excess reserves. The Reserve Board effected a 1625 Steel Scrap Sold At $23.50 a Ton, Peak Since 192 BY the Associated Press NEW YORK, March 12.—Dow, Jones & Co, in a dispatch from Pittsburgh, reported today No. 1 heavy melting steel scrap at Pittsburgh was sold at $23.50 a ton. This was a $1 advance over the previous sale and marked the highest price since April, 1923, it was stated. RUBBER SHARES OFFERED. NEW YORK, March 12 (#).—Public offering of 57430 shares of Hewitt Rubber Corp. common stock was made today by a group headed by F. Eber- | stadt & Co., at $16.75 a share. Pro- | ceeds to the company will be used to retire its funded debt. STATEMENT OF THE CONDITION OF The Union Fire, Accident & General Insurance Co. Of Republic of France. on the 31st day of December, 1936 as required under Section 647 of the Code of Law for the District of Columbia, INCOME. Net premiums Total interest and rents_ per cent increase in deposit reserve requirements March 1, and a similar increase will go into effect May 1. fully effective, they are expected to “freeze” about $1500,000,000 of idle bank funds. The increases werc or- dered to prevent a possibly injurious credit expansion. The $41,000,000 increase in gold holdings during the week ended March 10, lift- ing stock to a new all-time peak of $11,484,000. FOREIGN MARKETS. | When the higher requirements are | latest statement recorded a | Other income income. Total 381 DISBURSEMENTS | Net_amount paid policyhold- |, ers for losses $100.484 113 All other disbursem 010.4% Total disbursements ASSETH. Real estate Mortgage loans on real es- s sash in compa Deposits in banks Agents” balances rents due or 100.000 61.5 70.0 11,847 R4 5006 6% S1.600 and accrued 2 All other assets _ Gross assets | Deduct assets not admitted_ Total admitted assets LIABILITIES Net unpaid claim: Totel unearned premiums - Other 1 s Deposit capital Berlin Berlin Berlin El Ry tL StLdv 48'90 CCC&SL Lirt 4% 7E CCC&St Liref 58 '68 D 113%8°65 Clev Un Tel 4153 77 Clev Un Term Clev Un Ter 53gs Colo Fuel&lron 5 Colo Fuel & Ir o8 Colo & So 41,8 80 Columbia G & E deb Surplus over all liabilities__ Total $1.603.365 45 NET PREMIUMS WRITTEN DURING THE YEAR 204 21 20 <’y 431y “ 507% 1003 993 b7, 1013, Fund Investors Inc - Fund Tr Shrs A Fund Tr Shis B Gen Investors Tr Group Sec Agriculture - Group Sec Automobile - Group Sec Building - Sec Chemical _ Group Sec Food Group Sec Invest Shrs Group Sec Merchandise Group Sec Mining Group Sec Petroleum _ Group Sec R R Equip Group Sec Steel Group Sec Tobacco Huron Holding Incorp Investors 2 | Insurance Group Shrs 2 Investors Fd 'C Inc STATEMENT OF THE CONDITION Keyston_Cust Fund B-. F THE pr State Farm Mutual Automobile Major Snrs Corp Insurance Company Maryland Fund Mess Invest Tr _ Mutual Invest Of Bloomi . Il. on the 315t day ct December. 1936 as required under Section 647 of the Code of Law for the District Nation Wide Sec Nation Wide Voting of ‘Columbia. INCOME, Net premiums NY Steam 1st 6851 NY Steam 6856 NY S&W Istref 6837 NY Tel gen 43539 Y Trap Rock 6546 NY W& Baigs 46 Niag Falls P 3%5 66 Niag Sh bis Norf So 1st 55 *41 | Norf So tst ref 6561 Norf & W 1st 4596 _ North Am Co bs 61 | North Am Ed 5%s 63 103 r'n O 18t §. 1024 | Nor'n Pac gen 105% | Nor'n Pac 4s 954y | Nor'n Pac 4%s 100 | North Pac 5s 20 1043 | Nor'n Pac 5s 5 | North Pac 6s 2047- | Orden LC 4543 Jdison 45 65 10654 10634 8314 1084 90 ‘was the widsst decline in that section in more than a year ; Bond traders attributed the drop to | Brazil 614s '26 various influences, including reports | Brazil 618’27, some new security offerings had found | Brazil 7852 a rather slow market, selling by banks | prazil #s 41 in preparation for the higher reserve iun;zbane 58 requirements and possibility of stiffen- | Buenos A C 3s '84 ing interest rates and cumulative ef- | Buenos A C 6560 Oc fects of the decline in bond prices gen- | Euenos Atres erally since the turn of the year. In| 4%8-3%8'77Pv addition, it was said the market had | Buenos A 6861 st Pv_ encountered selling from dealers who | B4Z2ria 7s 67 ad bought maturing notes for the | 20 ¢"upon off Treasury’s March 15 conversion offer. LONDON. March 12 meiis Of active stocks were at lower levels today in a quiet market. Gilt-edged e curities were also easier and copper. lead and un shares were heavy. ~Industrials moved irresuiarly and trans-Atlantic se- curitjes which were weak in the morning steadied and closed slightly higher. Ous were auiet. PARIS —International stocks and Bank of France were firm and higher in the while the der of the list k. _Rentes finished with net losse 50 centimes and R nadian Pacific were also lower. trimmed coats and capes, suits, furs and scarfs. Assortments in some of the popular styles of women's suits and coats became incomplete, with 1975 replacements difficult, due to slow 1011 deliveries. l;fih 8 3 “Closely in unison with the length- s‘n ened stride in retail distribution,” 11644 the review continued, “the buying 10434 | movement in wholesale markets was 103 more accelerated. Coupled with the 80 belated and repeat orders for Easter % | merchandise were more generous as- 1063 | sortments of stock commitments for Spring goods.” (®).—Price move- District of Fire Motor vehicles - Earthouake Tornado windstorm and cyclone Sprinkler lezkage Riot. civil commotion and_explosion Al other—Air Group 20.084 51 63245 of 25 aft and Ca R 10334 10274 = 80 7614 10534 1004 106% 1063, m 28Y 103 1z 1173 10539 8 97 1013 106 10034 100 a1y s 1005 T4y 10545 101 100% 105% 109+ 94 1094 118 113% 106 106 120 10814 10249 116% (1321 2234 12 S339.845 70 SBRO0 4% NOURSE. U Manager 4 sworn Colun = EVERETT W Columbia G&E 5s | Colum Ry P&L 45 65 “omel Credit 31s 51- om Inv Tr 7 S Canada 3 < | Canada 3is 61 Canada 4s Canada 5s Carlsbad §s Chile 65’60 Ch.le 68761 Jan Chile 65 ‘61 Febr | Chile 6s 61 Sept. Chile 6s 63 | Chile 7s 42 | Chile Mtg Bk 6%s'57_ Colombia 68 61 Jan Colombia 6s 61 Oct _. Covenhagen 135 '53_ Copenhagen §s 52 Cordoba 7s'42 Prv_. Costa Rica is A '51___ petroleum | Cuba 5l%s 45 1003, . 1075 10614 1113y 28 10425 12 L1173 106% ki 9744 102 106 10014 10044 49 AT 10044 Taly 106 10154 10059 106 110% 98y 109% 118 118% 1054y 1054 120 10874 103 115% SINCLAIR ELECTED BY RICHFIELD OIL Gains Foothold on Pacific Coast as Director of New $55,000,000 Petroleum Company. BT the Assoclated Press LOS ANGELES, March 12.—Harry F. Sinclair, midcontinent magnate. got a definite foothold on |GuPa5iis 53 the Pacific Coast when he was elected | CZ¢choslovakia 8s a director of the new $55.000,000 Rich- | Denmark 41;s 6 field Oil Corp. | Denmark fi%-‘s" Charles S Jones, former president | penmark 68 42 Rio Grande Oil Corp. now com Dominic with Richfield. was elected pres- | pyar qen Kinland 6s 45 William C. McDuffie was named | Ger C Ag Bk 6560 Oct ¢hairman of the Executive Committee. | Gar Gov 5% 65 at The break-up of the Richfield Oil | Ger Gov 5%s €5 un st Co. ending in its receivership, re- Ger Rep 7s'49 stpd___ sulted in scme of its high-ranking | Hamburg St 65'46 officials being sent to prison for mis- | jraly 78 51 Use of funds. [tal P U Crd s '52 Combined gasoline sales of Richfield | Japan 515 '6 and Rio Grande in 1936 amounted to | Japan 6145 ‘54 268,1 gallons, which places the | Rreng&Toll 5s 59 ets. new company in the position of the | Medelin 6145 '54 third largest marketer of petroleum nex 4s 10- 45 asst sm Pproducts of the Pacific Coast Mex Ire 41.s 43 asst__ In addition to the combined facili- Mflan 63%s 52 tes of Richfield, Rio Grande and Pan | New So Wales 5s * can, the new corporation will be | Nord Ry 635 ‘50 ed with a minimum of at least | Norway ‘s 6 €15,500,000 new capital under the re- | Norwav 4is erganization plan. Total net working | Norw Hy E capital of the new company will be | Oslo4ls eround $26,000,000. LI Panama 5s 63 stp as Paris Orl Ry 635 '68 Permambico 78 47 Sent coupon off__ Peru 6s 60 Peru s ‘61 Peru 7s 59 Poland 6s '40 Poland 7s 47 Poland §s ‘50 Prussia 68 '52 Prussia 6s’ Rhein Main 75 ‘50 __. Rhine W El P 6s Rhine W El P 65’53 Rima Steel 7s’; Riode Jan 8s 46 April coupon oft Rio Gr do Sul 7s 66 May coupon off Rio Gr do Sul 7s ‘67 June coupon off Rio Gr do Sul 8s '46 PUBLIC UTILITY April coupon oft Anacostia & Potomac 3s o fizhe {52 Ana_ & Pot. Guar Rumania 7s ‘49 C & Aug coupon off Sao Paulo St 7s 40. Sao Paulo St 7s ‘56 Sept coupon off Sao Paulo St 8s '50 July coupon oft Serbs 7s ‘62 unm c o Siemens & H 615 '51 Taiwan Elec 6%s 71 Tokio 6%8 61 = Tokio E L Ltd 6s°53__ Uruguay 6s 60 Warsaw 7s ‘58 5 Westphal El Pw 68 '53 DOMESTIC BONDS. Adams Express 4847 1044 1041 Adams Express 4s'48 105 10p Alleg Corp bs "44 100 ¢934 Alleg Corp 5s 49 9417 94 Allez Corp 68 50 stp 663 65 Alleg Valley 48 42 108 108 Allted Stores 414 100 100 Allied Stores 41, Am & For Pw 61, 2030 Am I G ChFls 49 Am Int] 5168 '49 Am Tel & Tel 3% 61 Am Tel & Tel 3% s 66 AmT & T 4%s 39 AMT&Th%s 43 __ Am Wat Wks 6s'75__. Am Writ Paper 6s 47 Am Writ Pa 6s 47 cfs Anaconda deb 43 s '50 Anglo-Chil Nit 78 '67 . Ann A 1st ex in 4s'95_ Armour & Co 4%s 89 Armour(Del)1st 4'55 Armour & Co Del 48 57 A T&SFeC A 4%s'62 Atlanta & Birm 4s'33 Atla&Ch A L 65’44 Atl Coast L 18t 4552 Atl Coast L cit 4s ‘52 AtIC Lun4%s 64 _ Atl Coast Line 68 '45 Atlantic & D 1st4s 48 extra. s B & O 1st 48 43 c Daid” June 30. 1936: 45¢ paid | B g ) 4348 60 i B& O st 6s 48 Balto & O ref 5596 A B&O6s 46 F B & O ret 55 2000 D B & O ref 6s 95C B & O PLE&W V 45’41 B & O Swn 68 50 Bang & Aroos 4s°51__ Bell T of Pa 5s 60 C_. Beth Steel 3%8 66 _ Beth Steel 4148 '60 Bos & Me 4%5'61J. Bos & Me 5855 Bos & Me 6s ‘67 Bot Con M R Y Bklyn C RR 6841 Bklyn Ed con 3% Bklyn Man T 4%8°66_ el 41,851 stp | Cons Coal Lei os 6u Cons 2d NY 33546 n_ Cous Ed NY 3%s’56n N Y Bk Tr Shrs North Am Bond Tr ctfs Nor Am Tr Share: Nor Am Tr Sh Nor Am Tr 8h 1 Nor Am Tr Sh Plymouth Pund In Quarterly Income Sh Selected Am Sh Selected Am Sh inc_ Helected Cumul Belected Income Sk Spencer Trask_Fund Stand Am Tr Shrs 8tand Util Inc Super of Am Tr A 21711 Super of Ar Tr AA Super of Am Tr B~ Super of 'Am Tr BB. Super of Am Tr C Super of Am Tr D Bupervised Shrs Trustee Stand Inv C___ Trustee Stand Iny D !{rrg lAm Bk "B steed Industry Shrs Wellington Fund [NEW YORK BANK STOCKS NEW YORK March 17 (P —New York Security Dealers’ Association (Quotations as of 2 o'clock ) Washington Produce. First Mortgage Total interest and rents Otner income 555 Total DISBURSEMENTS Net amount Dpaid DOlCY- holders for 1osses Ali other disbursements Total Oreg Sh L o8 "46 gtd | Orex W RR 4361 BUTTER—§2 score, 1-pound prints, 38: Y-pound prints, 39, tub. 37, 1-pound prinfs ty-pound 'prints, i tub, 3. Market strong. MEATS—Choice beef. 15: calves. 18: lamb, 18: pork loin. 21: fresh smoked hams, 26 siiced bacan, bacon, 28; " compound, 132 ¥ | Consol Ol 3355 B S 231¢ | Consum Pwr . 3%s 66 _ 241; | CCisum P un 8% "65_ 201, | Container deb bs 43_ | Crane Co3%s 61 | Crown Will P 6s°51 Cuba Northn 533842 income ON IMPROVED REAL ESTATE At % Monthly Payment: If Preferred Construction Loans District of Columbia, Nearby Md. and Virginia 5 PacG & < Pac T&T rf 3% s'66 B Pac T&T 2%8°'66 C ab 013.405.99 $668.283.14 538.450.00 10.055 disbursements __ § ASSETS. cage loans on .eal es- e LIVE STOCK—Pigs 8128015 medium. 91 (a8 calves es paid e Rasly: light hogs, Dayton P&L 3%s*60__ y Dei & Hud ref 4543 _ | Den & R G con 4536 | Den & RG 43,5836 Den & R G \V 58 05 Den & RGW §s < Den & R G ref 55 '78 | Des M&Ft D 48’3 Det Edison Pan Amer P 6s 40 stp. varamount Pic 6855 Parmelee 6s 44 Penn Co 31 Lenn Co 45 6 Penn Dixie C 68 41 1L | Penn P&L 4%s 81 102 | Penna R R 33, WA 1088 | peun RR $%s 70 C 11234 | Penn RR con 4s'4 63 | pPern RR con 4s 48 103% | Penn RR cn 45’48 stp. ga |PennRR4%s 81D _ 8 | Penn R R 4%s 84 99% | ponn RR con 4%5 60_ ¥5% | penn RIX gn 4% 65 _ 5631 | penn RR deb 434 70 %6 | Penn RR gen bs ‘68 1167 | peoria & E 1st 45 '40 104 | Peorta & Einc 4540 18% | Peoria Pekin U5 18'7 1015 | Pere Marq 1st 48 66 10 | Pere Marq 4%s 'S0 _ 94 | Pere Marq 1st 55 56 5 9B | Phila B&W 4158 '81___ 1054 | Phila Co6s 67 : 1031, | Phila Elec Co 4571 103 * | Phila Elec Co 413567 1343 | Phila & R C&1 5873 1101, | Phila & R C&1 65 49 and stocks Cash in company's office | Deposits in banks Te | Interest and rents due or | | accrued "~ _ All other assets 204 | 2015 298, on t ipts_21 to 2 Governme While ezis (net prices vashington): U S.extras. medium, 2 | targe LIVE POULTRY—Market steads at un- changed pri Colored _heavy 15 | to 1K L < 13 Chickens— der ‘three pounds 220 over three poungs Guineas— w0 pounds and up. 40 each: under i b old guineas. oung hens. 16 149 pounds. - pounds and over. 15; N old hens, 14; old toms, 14. Fruits and Vegetables. Sales in large lots by original receivers up to & am. today APPLES—No carlot arrivals: one bro- ken and one unbroken cars on (rack. Sup- plies moderate: demand moderate; market eady. Bushel baskets, U. 8. No. 1. Vir- gl Golden Delicious, rch minimum, 1.5 um, 1.85-2.00° | Manufacturers' Tr pf (2) a-inch’ Winesaps, | Natl City (1) A-inch s-inch | N Y Trust (5) ibimu | Public 11, 100 ITleGa’T Size 1.00: inch ppers large J. 8. standards. | | . Gross assets X Deduct assets not admi 28'40__ | Det Edison 4 Dul SS& A | Duques Lt 43557 Total admitted asse: LIABILITIES, Tot T $11 - unpaid claims | Total unearned premiums Other Tiabilities | Capital paid up 5 Surplus over liabilities Total s 33.7 NET PREMIUMS WRITTEN DURING THE YEAR. tal 0.166.16 £93.294 09 2.4%4,409 49 $3.321.986 7 77 TIIITIIITITV 7 Erfecv 4s '53 A fe cons 45 ‘U6 Erie gen 4s Erie ref 58 67._. Erieref 5s 75 Erie Gen Riv 6837 Fed L&Tr 6s 54 B Fla EC Ry 5374 Gen Mot Acc s %6 Gen Mot Ass 3i4s'51_. Gen Stl Cast 516540 Goodrich 44856 Goodrich 6s 45 Goodyear T&R &8 | Goth Silk H 5546 Great N Ry 4s 46 G Great N Ry 48 46 H Grt N R gen 4% Bk of Man (1'2) xd Bankers Tr (2] xd Cen Han Bk Tr (4) Chase Nat (1 40) Chem Bk & Tr (1.80) Commercial () SZEEET 2 Cont Bk & Tr (£0) | Corn Ex Bk & T (3) . Empire Tr (1) "' st Nat (Bos) (2) First Natl (1 00)xd Guaranty Tr (12 Irving Tr (.60) Manufacturers’ Tr (2) xd 8 WM. J. FLATHER, Jr., Inc. 1508 H St. oms District of Columb Auto liability $ Auto propert damage Auto _collision C o morehensive auto NA. 1753 safety’ % Totals $10.130.1 $14 44198 R_P_MECHERLE _Vice President G. F CAMPBELL. Asst. Secretary Subscribed and sworn to before h_day of Febr: 37 ERTHA POWELL = minimum, minimum, 1.00-1.15 n utihity erade. "1.40-1 Ben' Davis. 2vi-inch 2la-inch min minimum.: 1.35; mum. 1.00-1.15: 2 ch minimum, h minimum, 195 me this PHILADELPHIA PRODUCE. PHILADELPHIA. March pouitry: Fowls. Plymouth Rock Y. 218227 mixed “colors. 20a?1: White Leg- 15a19: Soring chickens. fancy, 107 12 Grt Green Bay Guif M & N 55 50 Gulf Sta St15%8 42 Gulf States Utll 4s Gulf States Ut 415846 Hack \Wat 1st 4s 52 Har Ry P C Ist 48 54_ Elock Val 448 99 Hoe (R) 1st mtg 44_ Hudson Coal 68 52 Hud & Man inc 6s ‘57 Hud & Man ref 5s '57 11 Bell Tel 3%s '70 111 Cent col tr 48 '53 (11 Cent ref 4s '55_ (11 Cent 4% s 66 _. I11 Cent ref 6s '65 ICC&StL N 04%s'63 LCC&STL N O 6s 63 111 Steel deb 4%s 40_ (nland St1 3%s 61 Int R T Istrf 6s 66 Int RT 6s 32 &W Va 415’59 B 1tts&eW Va 4lzs 60 C | Port Gen El 4%;s 60 | Postal Tel & C 58 Pressed Stl Car 58 51_ Pure Ofl 4%s 50 ww __ Purity Baking 5848 Reading Jer C 48 51__ Reading R 4%8 97 A_ Rem-Rand 4% s'56ww. minimm, Republic Stl 4%s 50 2 Republic Stl 4%s 56, Republic Stl 4328 61. Republic SU 5% 8 ‘64 Revere Cop 4%58'56 .. Kichfield O 6s'44 ctfs Richfield Ofl 6s 44 stp RG W Istexin4s'8y_ | Rlo G W col 48 49 A R1A&L 18t 4138 34 | Rntland RR 4358 '41 Saguenay Pw4%s'66 . StL IM&S R&G 4833 St LIM&S s'33et_ ded stock. all : 4-inch minimum Dressed poultry unchanged. Sale of toy pistols has been banned in South Africa. s Washington Exchange SALES. Capital Transit Co.—6 at 151, Potomac Electric Power 5}5% pfd.— at 113. Mergenthaler Linotype—10 at 50, 5 at 50. inch’ ‘minimum utility “grade, ‘some scalded. 1.00-1.50, Delicious, ¥-inch minimum. 1 5-inch minimum. 1.00-2.10; 2 25-2.50: utility grade, Paragons, 2Y-inch ;' 213-inch ‘minimum, 23,-inch _minimum, nch minimum. 1.75-1.85 inch” minimum, 1.7 1.50-1 9 NG~ * [ 01" Voln /S e for buying, building or refinancing loans on your home made under - Federal Housing Act, = | Title 2. zl This bank has made over $2,000,000.00 of these loans. SECURITY: SAVINGS AND } COMMERCIAL BANK 9th and G Sts. N.W. 1518 K Street N.W. Membver Federal Deposit Insurance Corporation. YOUR SAVINGS HERE STATEMENT OF THE OONDITION _ OF THE Rhode Island Insurance Co. of Providence, R. I. On the 31st day of December. 1036. as required under Section 647 of the Code of Law for the District of Columbia. | NCOME. . 1 108564 2 utility’ AFTER CALL. €apital Transit Co.—14 at Capital Traction 55—$1,000 at 94, $1,000 at 94 | Lanston Monotype—10 at 99'5, 10 at | 991, Bid and Asked Prices. BONDS. = ginia, boxes: fancy 1.72 Combination extra fancy and Delicious. 2 50; Staymans, Golden Delicious. '2.00-2.35: C A 00:"" Staymans, Delicious. 1.7 Golden 90, Fancy. Delicious, 1.85-2.00; Goldén No.' 1. Staymans, U."S, Grimes Golden, ~1.40-1.65, arrived CABBAGE—One Florida one | broken and one unbroken cars on track. Supplies light: demand moderate: market | Steady. Domestic round type. Florida. 115 | Bonds and stocks bushel hampers truck receipts. packed lo- [ Cash in company's office cally. 100-110: 1 1-G-bushel Deposits in_banks freicht receipts 1.00-1.10; Texas Agents'" balances fice crates | T10: tair condition "100; | Interest rents New . 50~ ks. Danis! e Il‘i«“}«?”Ymk ol e other assets CARROTS—One California_arrived. one broken car on track. _Supplies light: de- mand_moderate, market steady. ~ Califor- nia. Western lettuce crate: 3.00; Texas. half lettuce crates. 1.25-1.35 CAULIFLOWER—No carlot arrivais. two broken cars on track. Supplies moderate: demand moderate: market steady. Cali- fornia._crates. 1.75-200. CELERY — One Florida arrived. two broken and one unbroken cars on track. Supplies moderate: demand ~moderate; market steady. _Florida. 10-inch crates: individyally washed and precooled. 3-10 ozen. 5.25-3.75 LETTUCE—One California arrived. eight broken and one unbroken oars on track. Supplies _moderate; demand moderate; market steady_ California, Western crates. Ieebers, type. b dozen, -6.00; 6 dozen, ONTONS—No carlot arrivals, one broken and one unbroken cars on track. _Supplies moderate: | demand light; market | dull. Fifty-pound sacks. U_S. No. 1. Indian; Michigan and New York yellows. 1 1.35: few. 1.40: Colorado. = Valenclas, 3 inches and larger. 1.90-2.00. LIMA BEANS—Supplies very light: de- mand moderate; _market steady. Cuba. bushel hamoers ' $4.50. | GRAPEFRUIT—No carlot arrivals; one broken car on track. Florida, boxes, 2.00- | 2.25 as to grade and size. Net premiums Total interest and rents Other income INSURED YOUR ACCOUNT IS INVITED Infersiak BUILDING ASSOCIATION WASHINGTON BLDG. Total income ~ $2 DISBURSEMENTS. Net_amount paid policyhold- ers for losses All other disbursements 2100-2.63 Deliciou 1:65° 2,50, Total disbursements ASSETS, Interlake Int Grt Nr 6s Int Grt Nr bs Int Grt Nr 6s ‘62 A __ Int Grt N ad) 6552 A Int Hydro Elec 6s 44 [nt Mer Marine 6s 41 Int Pap Ist s 47TA __ Int Pap ref 6s 55 Int Ry of C A 5s'72 Int Ry of CA 6s 41 Int Ry of C A 6%5°47_ Int T&T cv 43%s 39 Int T&T 4%s'52 [nt T&T 68 55 lowa Cent 1st&rf4s'51 James P & C4s'39 ___ Jones&L St 4% s'61A Kans C F S&M 48’36 Kan CFS&M rf4s'36ct Kans C So 1st 38 50 Kans City So ref 58 ‘50 Kans G &E4%s ‘80 Kan C Term 1st 45 '60 Kings Co El 4s *49 Kings C L 1st 6%s '54 Kresge Found 4s 45 Laclede Gas 5s ‘39 Laclede G 5%s 63 C Lactede G 51%s 60 D Lactede Gas 6s 42 B Liake S&M So 31897 Lautaro Nit 6s 54 cfs Leh C&N 4155 64 A Leh C&N 4%s 64 C._. Leh Val Coal 6s 38 Leh Val Har 5s ‘54 _ LV NY 4%8 40 gtd Leh V P con 48 2003 Leh V P cun 43482003 Leh V RR con 68 2003 Leh Val Term 58°'41_.. Ligg & Myers 5851 _. Ligg & Myers 78 "44.. Loew's 3148 46 Long Isld ref 45’49 stp Lorillard 7s 44 La & Ark 65’69 Lou & Jeff Bld 4s 45 L & Naeh 3%s 2003 L &N 1st4s 2003 L & N unif 45 40 L & N So Mon it 4s°'53% McCrory Stores 55 51 MCK ess&Rob 5% 8'50 Me C RR 2n 415'60A Manhat R 2d 45 2013 _ Mead Co 6815 Met Ed 1st rf 4%s ‘68 Mil El R&L 6861 MIIER&SLrf 5871 Minn & S L rf 4s 49 Minn & St L 58'34 ctfs Minn & St L 55 '62 A MStP&SSM cn 4s ‘38 MStP&SSM cn 6838 _ MStP&SSM bs 38 gtd_ MStP&SSM 58 '49__. MStP&SSM 51%s 78 __. MStP&SSM rf 65 46A. Mo K& T 1st 4800 Fran 4s 50A k45 50 A clfs. Fran 4%s 78 _ St L-S F 4%8 78 cf 8L St L-S Fran s 650 B _ St L-S F bs 50 B ctfs_ StLSWgnrfbs 90 PKCSL4%s 41 St P M&M ext s 43 St P Un Dep rf 58’72 San A & A Pass 4s 43_ Schulco 6% 546 A stp- Seabd A L 43 ‘60 stp_. Seahd A L ref 48 '69_. Seabd A L adj 53 49 Seabd A Li6s 46 A ___ Seabd A L 68 45 ctfs Seabd A-F1 68’35 A ct Seabd A-Fla 65’35 B ct Sharon Sticv 43%s'51. Shell Un deb 3%s '51_ Silesian Am 7841 Skelly O1l 48 61 Socony Vac 3%s'50 _. South Bell T&T s '41 So Colo Pwr 6347 A Soutnh Nat G 415861 - So Pac3%s 46 So Pac col 4s 49 So Pac ref 4s 55 So Pac 41,8 68 So Pac 4128’69 _ So Pac 41gs 81 . So Pac Oreg 4%s 77 So Pac S F Ter 48 '50._. So Ry gen 45'56 A_ So Ry 68 '94 i So Ry gen 6866 8o Ry 638 '56 ———— So Ry M & O 48°'38 So Ry St L div 48’561 S W Bell Tel 3%s'64.. Southw’'n G&E 48 '60_. Spokane Int 58 55 .. Stand OII N J 8s 61... Studebaker cv 68 45 Swift & Co3%s'60 Symg G&G %8 ww_.. Tenn El Pw 6847 A__. Term AsSt L 48 '53 Texarkana 6%s ‘60 vexas Corp 3%s 51 Tex & Pac st 68 2000 Texas & Pac 68 77 B . Texas & Pac 68 79 C _ Pexas & Pac 6s 80 D Third Av ref 48 60 Third A ad in ex 6s'66 Tol & Ohio C 3% 8 60 Tol St L & W 4s°50 Truax TC 6%s 43 ___ UnEIL&P5%s’'54 Union Pac 3%8 70 Un Pac 8%s°71 _ Un Pac 18t 4547 Un Pac 1strf 68 2 United Drug 6363 United Rys St L 48’34 89% | U S Rubber 6s'47_. _. 28 | Utah L& T 68’44 (A). 9141 Utah P & L 58 "44._. and due or Gross_assets $4.140.0: Deduct assets not admitted i 21.668.03 Total admitted assets $4.118.424 99 | LIABILITIES Net unpaid claims Total unearned remiums Qther_liabilities Gapital paid up Surplus over all liabilities ~_ Total 118.424 99 NET PREMIUMS WRITTEN DURING THE YEAR. Total 0. PHONE DIS. 9186 County Club M. Cold Storas STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Tapital Transit Co. X teambont (£6) Eot’ Bleg, Pow. 17 pid (1) 0. El. Po. 5140, bt 0) Wash. Gas Lt. Co. (3.60) Wash. Ry & EL com (36) Wash. Ry. & El. pfd 1091 BANK AND TRUST COMPANY Amer. Sec_ & Tr. Co. (ef) 290 Bank of Bethesda (h.75) al (4) nerce, & Savings (as) & $ District of Columbi HQUESTIONS THAT ARE ASKED ABOUT BANKING]} vy 77 Fire __ Motor “vehicles Earthquake Inland navigation and transporta- tion Z Tornado. wind- storm and cy- clone Sprinkler leakage Riot civil commo- tion and explo- sion All other _ 111% 84 20% 88 110 © 315 3.198.16 200 a5 1R 350 101 ) 30 Loan & Trust (e8) 200 FIRE INSURANCE ) & ‘Trust 50 & Tr. ] 500 7 5.7 | BYRON S WATSON, Preside TUNIS JOHNSON Secretar Subscribed and sWorn to before me_this oth day of February. 1937, (Seal.) FRAN- CIS W. HOPKINS. Notary Public. First Mortgage Money For CONSTRUCTION LOANS and LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Marylana and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 e EXTENSIVE studies by banking experts over a period of years, especially by the Bank Management Commission of the American Bankers Association, have shown what it costs the average bank—for overhead, stationery, checkbooks, salaries, safekeeping of funds, etc.—to handle each check and deposit item. These studies have also revealed how much interest is earned by an average bank on each dollar of its loanable funds when invested at current rates. With such information as this at hand banks are able to ascertain which of their accounts earn enough to pay their cost of handling. On accounts, whose earnings do not cover their handling costs, a moderate service charge is ordinarily made. Consequently, these ac- counts pay their own way and are welcome at the bank because they conform to sound banking principles. McLachlen Banking Corporation TENTH ANDsmG" ;?[?fl{EETS, N. W. S.W. Branch, 12th and Maryland Ave. S.W. Member Federal Deposit Insyrance Corporatiow 1085 1063 9936 ey 108 113%; 1093, 873 871 106% 423 73 1084 99 9814 12 36 11234 1025 98%; 963 10534 6615 106Y 81% 110%; Wash High, Low. 2:55 614 61% 61% 62% 62% 624 108 10634 108 28 28 28 10734 10634 10634 108% 103 108 995 99% 99% 41 4 1028 10234 10234 983 41 ay 42y 413 107 86 9934 9934 973y 9716 51 61% 10235 10234 103 108 10734 1073 10136 1013 1063 1064 1103 1103 3814 37 108% 108 105% 105% 99% L] 403 40% 40% 101 10034 100% 1m0 110 110§ 29% 29 29 156 162 1528 1013 100 101 ’fi\ merican orcoran (: Firemen's (1.60) National Union (.60) TITLE INSURANCE Columbia (.30 13 Real Estate (6) 160 MISCELLANEOUS rpel Corn. (2.00) 2 £anRton Monotybe (4) )9 Mergenthaler Linotype () = *493 Peoples Drug S. com. (11.00) *61 Peoples Drug §. b (6,500 *111%% Real Est. M.&G. of, (*$.70) _ 5% Becurity ' Storage (5 120 Ter. Ref. & Wh. Corp, (3) = 60 wdwd, & Loth. com. (1.50) 68 Wdwd. & Loth. pfd. ( 120 “Ex dividend. bBooks closed. *Plus_extras - Oc paid May 15 1936: 50c paid Aug. 1936; 50c paid Nov. 16, 1936. a—47 extra. o extra < per cent extra. Utll P &L 58 69 ww _ Util P& L 5%8 47 Vanadium cv 68 41_ Ver Sug 1st 75'42 ctfs_ Va E & P 1st ref 48'65. Va Ry 18t 3%8°66 A__ Va8 W con bs '58._. Wabash 434878 _ Wabash 15t 6839 .. ‘Wabash 2d 6839 cauee Wabash 68 '76 Boceeee Wabash 6s ‘80 D_. Wabash 63%8°'76 Wabash 518 '75 ctfs._. Walker H&S 4% 8'45_. Walworth 4s ‘65 Walworth 6s’65 n Warner Bros cv 68°39. Warner-Quin 6s ‘39 __ Wash Cent 4548 & West Penn P 31,8 '66 W PaPa4s'61 H West'n Md 1st 48’52 __ West'n Md 6%s 77 Westn NY&P gn 48'43 West'n Pac 6s 46 A West'n Pac s 46 A as West'n Un 4%s 50 Westn Un cl tr 68 °38_ West'n Un 68561 .. West'n Un bs 60 Wheel Steel 41,8°'63 __ W Sp Stl 1st 78 '35 ct_ W Sp Stl con 7s '35 et Wilkes B&E 18t 58’42 Wilson & Co 48 ‘56 Win Sal S B 1st 4s'60 Wis Cent 18t gn 4849 Y'ngstnS&T 3348 '5x_ 106 'Yrigstn S&T ¢s vay 981 108 8314 109 1044 10754 Y43 9974 108% 9974 813 97 149 1063 182 9834 1083y 1064 102% 119 1063 106 106 6316 3819 104% 102 108 106 9634 963 118% 11234 10314 10234 99% 108 98% 98 12 86 11234 192 959 9634 106% 65644 10614 8114 110 9215 92 92 102 104%4 105 108% 12674 95 108 84% 0% 89 36 96% 99% 98; 109 12284 1303 9835 108 128% 9914 106% 93% 100 108% 981 1048 10315 B4 21 10576 o 10835 | 1033, 10434 % 20 75 293 26% 31 28 106 182 98 1083 108 10214 19 10634 106 104 69 38 10455 102 108 106 9634 968 113% 11234 1123 1023 10134 102 3434 344 34y 106 10634 10655 10884 108% 10834 106 q‘ 4 9934 9% 5184 1021 108% 10844 10274 10634 FOREIGN EXCHANGES. W YORK, March 12 ) —Foreign Nalice mixed; Great Britain in dollars, s in_cents reat Britain, demand 88%: G0-day bills, fianar .08 bles. " 4 b.20%: Deman, tree. 40 Holland. 25.19 Switzerland, Portugal. 4.44: Crechoslovakia g Austria, 18.73n; Hungary. 19.80; mania. .75 'Argenti 8.80%n: " Tokio. Hongkong. 5042 Mggrul in New York, ¥ 4.883: cables, France de- Italy demend, Germany stered. 2 travel, 24.15; Norway. 24.54; Sweden. k_ 21.51; Finland 79720 Spain unquoted reece, .90: Poland, 18.9¢ Yugoslavia " Belzium, 16 2.17 in Montreal, 99.96%.