Evening Star Newspaper, March 25, 1937, Page 21

FINANCIAL. [}URPURATE BONDS CONTINUE TO RISE Prime Issues Work Higher, but Federal Section Levels Off. 20hion 0l Rails. Indust. Util. M'sn Net change_ +.1 +.1 Unc, Unc. Today, noon. 94.9 103.0100.0 72.4 Previous day 94.8102.9 100.0 72.4 Month ago-- 97.1103.9101.3 73.5 Year ago. 92810291022 1703 1937 99.0104.4 102.8 74.7 1837 9431029 998 1721 1936 - 98.2104.4103.1 73.0 1936 86.9101.8 99.3 67.6 1932 458 400 64.6 422 1928 high._101.1 98.9 102.9 100.5 10 Low-Yield Bonds. 109.3 Prev. day- 109.1 Month ago111.0 Year ago_. 111.6 1937 high_ 113.7 1937 low. 1936 high. 113.5 1936 low. 1928 high_104.4 1932 low.. 868 (Comptled by the Assoclated Press.) B the Associated Press. NEW YORK, March 25—High« grade corporate loans worked higher in the bond market today, but United States Government obligations leveled off after a two-day advance. Volume was light in the Federal list and offerings, which appeared in the over-the-counter market after yester- day’s close, were not in quantity. Losses were as much as 11/32 in some issues. Among corporates demand was fairly heavy. Advances of from wide frac- tions to a point or more appeared for American Telephone 31s, Hiram - Walker 4!4s, Anaconda Copper 4'%s, Remington Rand 4%s and National Dairy 3%s with warrants. In the carrier division price changes were generally upward. Higher were Great Northern 4s “G,” Illinois Cen- tral 4%s, Erie 55, New York Central bs and Southern Railway d4s. New Haven 6s dropped more than a point. $3.250,000 Plane Orders Received By Aviation Corp. « BY the Associated Press CHICAGO, March 25.—L. B. Man- ning, president of Aviation Corp., said today that orders for $3,250,000 worth of Vultee attack bombers had been laced by three foreign governments. he identities of the nations were not disclosed. Manning said the orders included & manufacturing license granting “a . major power” rights to manufacture Vultee fighters abroad. Forty planes, he sald, would be construcied at the company’s plant at Downey, Calif., to fill the orders. Additional purchases of flghnng. planes, Manning said, by at least t\wr other nations were expected DIVIDENDS ANNOUNCED NEW YORK. March 25.—Dividends _de- elared (prepared by the Standard Sta- tistics Co.). . Initial, Stock of Pe- Rec- Pay- ried,ord. able. Marion-Res P $5 pf 31“5 5 4-1 Speclal. Investors Fund C.__ Regular. Disco Corp of N. Y. - Pw $6 pf mrsney Ch & ov pt” Bt 4c . 3-31 "Crofx_pap 000000000 Calif Packing Colgate-Palmolive _ Lerner Stores . _ * Pacific Ltg NEW YORK BANK STOCKS NEW YORK. March 25 (P —New York . Becurity Dealers’ Asosciation (Quotations as of 2 o'clock.) Asked. Bk of Man (1'2) 37 Bankers Tr (2) , Commercial * Cont Bk & Tr (. Corn Ex Bk & T Empire Tr grn Nat (Blos) ?2) rving anufacturers Tr (2 A ifacturers Tr bt Natl oy (1) Trust (5)_ Bubhic (155 Title G & . FEDERAL L LAND BANKS NEW YORK. March Land Bank bonds: 25 (). —Federal [T CHICAGO PRODUCE. CHICAGO. March 25 (#.—Poultry. live, 1 car 19 trucks: unsettied: hens over § d 5 pounds and less. 2 '18%2; colored fryers, Plymouth Rocl White Rock "barebacks. 23: Leshorn roosters. 12: turkeys. hens. young toms, 20: old. 16; N 15; ducks. 412 pounds up. white and col- ored. 2215: smail. white and colored. 187 Geese_ 17 cavons, 7 pounds up. 28; less than 7 pounds. 27, firm. prices unchanged. i firm; extra firsts. local. 2. fresh graded firsis. current receipts. extras. 25V, _storage No butter or exg market to- 75; on track, 271; total U. 8. 700; old stock. 'table stock, packed firsts. 25. morrow. Potatoes shipments. % slightly stronger: supplies moderate; Idaho Russets. demand good; other stock mod- erate: seed stock. about steady; demand fair; sacked per ‘cwt., Idaho banks. e 5 Red McClures, U. S, 7 Gréen Motintains, 0. 8. N & consin. round white. U. 8. No. I. . Bales reported: Mignesota cobblzu U. 8 sleo.l mdsmruy Eraded, ».35-40¢ showing 2 N0 early and partly graded. 2.75; Roia L CobleRe. cartified ssed. 37580, stock _slightly stronger, supplies moderate. demand good. Carlot track sales. bushel crates, Florida Bliss Triumphs, U. 8. 1. 2.17%-20 a crate. PARIS BANK CHANGES. PARIS, March 2 T R arch 15 (i millions of trance): Qo Teserve, 57.358 unchanged:, sight Bal abroad. ' 12. decrease 3: bills pur- > chmd abroad, 1261 dectease 28; dig: dnted *commercial bills, Gecrease 587 temporary advlncel co state (rior fo June 18 "1096). 12372 un Mporazy ‘advances 1o~ sthte 0. 1800, unchanged: de- b7 dscrease : ‘total credit rrent accounts, . increase ay advances agains_government securities. 639, de- crease 679: rate of discount, 4 per cent. U. 8. TREASURY POSITION. By the Associated Press. 2 The position of the Treasury on March 33., Recelpta | 830,731 447.83; expendi- ures, S13 3,482, balance, $1.731,- 61, Ciistoms. receipts’ for the mogith, iscal year, ince July ;25, 394 flc. 28.4 47 5 g Lo soade ); exce: BONDS ON By private wire direct to The Star, TREASURY. High, Low. 2:55. 98,28 9810 8,17 10210 1022 102.6 100,80 100,56 100,11 100,10 99.23 100, 1002 ¥9.20 99.30 101.2 10026 101, 108,26 108.22 108.26 108.3 10229 108.8 218194958 oen 28,8 194547 e 288 194861 mmme 258 1951-64 ocmme 2% 8 1956-69 e 2%8 1960-60 e 881946-4 38 1951-65 818 1946-49____ 104.20 104.18 104.20 3148 1949-52_ o 104.20 104.11 104,20 3%m1941 106.7 1065 1086 3 944-4 106.20 106.6 105,17 940-43J 106.26 105,26 105,26 335194143 Mar. 106.6 106.6 106.6 %8 1943-47 . 106.2 106.80 106.2 3% 8 1946-56._. 1094 109.2 100.6 48194464 _ 1118 110.28 110.80 481944-54 reg___. 110.28 110.28 110.28 4145-31,8 1943-45 108,24 105.10 106,17 4148-3% 8 43-45rg 10518 105.18 106.13 4%®1947-52 1154 115 115, 413194752 reg_ 116. 116, 116, FEDERAL FARM MORTGAGE 381947 102.26 102,20 102.24 881949 102.4 101,29 102.4 38 1964, 108, 108, 108, HOME OWNERS' LOAN. 21,81942-44_____ 100. 9926 99.26 2% . 1989-49_ 1001 99.29 100.1 881962 101.30 101.14 10118 FOREIGN IONDS. Abitibi Pa&Pw b3 ‘63 sm Antloquia 7845 B_ 15 16 16 Antioquia 7s "45 C-. 1 16 16 Antioquia 7s 45 D 1 16 16 Antioquia 1st 78 '57__. 183§ 183 18} Antioquia 3d 78 '67 18 18 13 Antwerp 55°68 mo% 10034 1003 Argentine 4148'71_. 98 98% T — wm 10134 10134 1018, 101% 101% 1005 100% 100% 100% 10035 10085 1024 102 10234 102 102 102 - 1013 101% 1013 Argentine 63'60 Oct__ 102 102 102 Argentine 65 '61 Febr_ 101% 10134 1015 Australia 4 %556 100 100 1003 Australia 63’65 . 10634 106 106 Austraiia 5357 1064 106 105 Belgium 6%s 492 110} 110 110% Belgium 78 65 _____. 116% 116}4 116%4 Berlin Elec 6s ‘65 193 193 19y Brazil 638 *26-"57.. @y ey ey Brazil 6148'27-'57 423 a2l a2k Brazil 78’62 S e e Brazil 8541 80)% 60 60 Brisbane b8 100 100 100 Budapest 65 ‘62 unmat coupon op .. 20% 20% 29% Buenos A C 65’61 Pv_. 101 101 101 Pv____ 8% 1% 18 Buenos A 4%8'76 Aug 8% T8 78} Buenos Alres 4%s-4%s"T6April_. 79 19 19 Bue Al 4148-4%5'76__ 81} 80% 814 Buenos A 6s'61stPv. 84 8¢ 84 98 984 9785 w8 10534 105% uz 112y Chile 6560 _ 22y 22% Chtle 63°61 Jan 2% 22 2.4 Chile 65 '61 Febr_____. 22, 22} 224 Chile 6361 Sep 225 22 228 Chile 6563 223 22 224 Chile Mtg Bk 63 19 184 18y Chile Mtg Bk 6862 18% 18% 18% Chile Mtg Bk 63%8°67. 19} 18% 1935 Chile Mtg Bk 6%s'61. 19 13 19 Colombia 6s 61 Jan 84 84 B4 Colombia 6s 61 Oct 3¢ 834 34 Col Mtg Bk 75 46 __. 24 24 2 Cordoba 78 '42 Prv_. 9744 9734 973§ Costa Rica 718A'51___ 84 33% 8¢ Cuba %8 45 . 624 614 613 Czechoslovakia 8s°62. 10874 1037 10814 Denmark 4%s 62 993 99% 99y Denmark 618 '55 1013 101% 1013 Denmark 6542 ____ 106% 10535 10884 Dominfc2d 5%s'40 __ 78 18 18 | Dominic 5%s61ext . 81 81 81 | GerC Bk A 6338 . AT 41 a1y | Ger C Ag Bk 68’60 Oct. 841 34% 843 Ger C Bk A 7s 50 Ger Gen Elec 6s'48 Ger Gov 6% s '65 st Ger Gov 6% 865 un st. Ger Rep 78 '49 stpd Ger Rep 7849 un st 24% 28y Grt CEl Jap 6%s'50_. 913§ 913§ 913§ Grt CElJap s '44_ 9% 95 9% Hamburg St 6546 ___. 18 17% 18 Helsingfors 6125 '50 10834 10534 1taly 78°61 84 84 Japan 6%s ‘54 93% 94K Jugos Mtg Bk 7857 unmat coupon 40 89% 40 Lombard Elec7s'52__ 74 T T Mex 4s'10-'45asstlge 7 T 7 Mex 45 '10-'45a88t sm 6% 6% 6% Minas Gers6%s '58 Sept coupon off 27 26% 27 Montevideo 6s'59 604 6034 604 Norway “%s 65 101 101 101 Norwav 4%s ‘66 102% 10234 10234 Norway 68 43 106% 106% 1063 Norway 68 44 - 10635 106% 10634 Orfental Dev 6%s’58_ 13 2% 13 Oriental Dev 6s ‘53 _. T8 181 T8l§ Peru 6s '60 - 22) 22 22y Peru 6s 6 - 224 22 224 Poland 8850 _ - 60 60 80 Prague Gtr T%s - 98l 98 98Y Prussia 63851 - 19 19% 19 Queensland 78 °41_ 11035 11034 11036 Rio Gr do Sul 65’68 June coupon oft __.. 273 27 273 Rio Gr do Sul 75’66 May couponoff ... 27 27 27 Riode Jan 8s°'46 April coupon off ... 30% 80 308 Rome 638’52 — T Y% Ty Rumania 7s '49 Augcouponoff _.... 34 834 84 .| Sao Paulo St 78 40.... 92} 92}4, 92)4 Sao Paulo St 68 '68 July couponoff ___. 263 26% 26% Sao Paulo St 78 ‘56 Sept coupon off - 29 29 Serbs 7s 62 unm ¢ 9 29 Serbs 62 unm c o 31 81 31 Siemens & H 6158 68% €8y Sflesfa Prov 7s'68 2% 428 42% Sydney 5%s '55 102 102 Taiwan Elec 5% 8 'T1_. 74} 74 T4y ‘Toklo 68°52.__ - 6735 674 67% Tokio E L Ltd 6s'63 9% 79 194 Tyrol Hy E1 7%s8°'66.. 99 99 99 UnStl Wk 6%s'47 A__ 24% 24% 24% Uruguay 6s 60 - 66l 66% 66y Uruguay 6s°64 _ 6616 663 6614 Vienna 6s'52 May ¢ 0 973 97% 974 Warsaw 7s ‘68 4834 4815 43l4 Westphal El Pw 68’63 19 19 19 DOMESTIC BONDS. AlbPer WP6s'48. __ 70}4 704 7034 Alb&Sus 31,846 gtd_. 1028 1028 102%¢ Alleg Corp 9635 97 Alleg Corp 013§ 91y Alleg Corp 58 ‘50 s .2 Allied Stores ¢34s 51 9834 98} 98)4 Am & For Pw 69 2030. 80 79% 80 Am [ce cv bs ‘53 96 96 AmIGCh5%s 49 10734 107% Am Intl 6%8 49 10434 1043 98 98lf 97% 973 112% 1183 106 10885 169 170 1093 10834 81} 81} Anaccnda deb ¢%s°50. 106 104% 105 Anglo-Chil Nit 78°67_. 3915 89) 894 Ark & M B&T 58 '64._. 103} 10834 103% Armour & Co 4%s°39_ 103 108 108 Armour (Del)1st 48’65 Armour & Co Del ¢s 57 Armstrong Ck ¢ 3 A T&S Fe 4s°0| A T&S Feadj s A T&S d) A T&S A T&S %8 AT&SFeCA l‘hl 2 11134 11134 11134 A T&S Fe TSCL 4s §8 111 111 111 Atla&Ch A L bs'44 11134 11134 1113 Atl Coast L 18t ¢8°53_ 101% 10136 1015¢ Atl Coast Lclt 45°62_. 95} 96} 95i4 AtlC Lun4%s'64 .. 94% 934 94} Atl Coast Line 6845 . 108} 103} 10834 Atlantic& D2d 48’48, 48)5 €8} 484 At1G & W 1 68°'59 % 6 5 Atl Refining deb 5a'37 10034 10015 100%§ Auburn Auto4%s’39. 7 5 76 B& O 4%s5 60 80} 80 B&O 1st 68’48 110 110 110 B&OTrf 58’95 Areg. 904 9014 903 & O ref 68 2000 D. &Oret6s'95C B & O PLEEW V 45’ B & O Swn bs 60 B B B 10334 108} 10834 1043 1043 104% m Sxpendicures B & O Toledo 48 '69 94 9 x tures, $1.769.1 gebt, “55565'(; 33.9& 3.2342:?"-:: of :-n:& Aroos ¢8 ;51_ ;0:“ ;og“ o ) lous day; ang & Aroos 48'51stp. 110% 11 } gl R R L T i THE EVENING STAR, WASHINGTON, D. C., THURS e e T STOCK EXCHANGE High, N. 7. Bot Con M A4m '34... Bklyn C RR 6541 Bklyn Ed con 3% #°66 . Bklyn Man T 4%8s '66.. Bklyn Un EI 6850 Bklyn Un Gas Bklyn Un Gas 63 ‘57 B Bklyn Un G ref 6s '47_ Brown Shoe 8 Buff R&P con 438 57 Bush Term Bldg 6s'60 By-Prod Ck 6%8°45 . Can'dian N R 4%48'51. Can'dian N R 4% - Can’dian N 6869 July - Can'dian N db 6%s"46 Can’dian P db 4s perp Cen’dian Pao 55°44 cfs. Can'dian Pac 4%s '48_ Can'dian Paoc 4%8'60_ Can'dian Pac 6s ‘54 Caro C1& O 6538 CaroCl&O 3A Central Fdry cv 6841, Cent of Ga con 68 '45__ Cent of Ga 68’59 C_. Cent II1E &G 6s'61 Central Il Lt 3 Centof N J gen Cent Pac 1st rf 48" 49.. Cent Pac 68 '60 Cent RR B Ga 68 '37. Cert’d deb 63,8 ‘48 Champ P& F 4 %850 Chesap Ccv 6s 44 Chesap Corp 68 47 .. Ches & O 3%8 96 D. Ches & O8%s 96 B.._ C&Ogen ¢%s8°'92 C & O con 683! ChiB&Q 1AV 4s'49_ Chla b Llss sl Chi & Erie CM&StP&P ad) 682000 Ch &NW gen 3148 '87_. Chi & NW 4%s 2037 _. Chi & NW 4382037 C. Ch1& NW 4% s 49 Chi & NW gen 58 '87_ Chi R 1&P rf 4 Chi R I&P rf 4s5'34ct: Chi R I&P gen 48°'88__ Chi R I&P 4%8°63 Chi R I&P ¢%38 60 Chl& W Ind ¢%s'62__ Childs & Co 6543 _ CnG&E38%s'66__ Cin Un Ter 8138 D gtd Cin Un Ter 68 2020 B CCC&St Lrf 4%48 17 E CCC&St L ref 68 '63 D CCC&St Lref 6841 C.. Clev Cliffs Ir 4% s '50._. Clev E1 [11 3% 8°65 Clev Short L 4%s '61_. Clev Un Tel 413877 _ Clev Un Term 58°73 B Clev Un Ter 5%s 'T2A. Colo & So 4%# 80 Columbia G & E 68 ‘62 May . Columbia G&E 6s "6’ Colum Ry P&L 4s '65.. Comcl Credit 3%s '51. Com Inv Tr3%s'51 Conn & PRy 45’43 Conn R& Li4%s 61 Cons Coal Del 6860 __. Cons EA NY 8%s46n_ Cons E4 NY 3%8s’56 n. Cons Gas NY 4%s ‘51 Ccnsum P un 334866 Consol O1] 3348 '61 Crane Co3%s 51 Crown C & S 4s 50 Crown Will P 68’5 Cuba RR 18t 63 ‘52 Cuba RR 68'36 Cuba Northn 5%s'42_ Del & Hud ref 4s'43 Del & Hud 6%s ‘37 Den G & E 6851 Detrojit Ed 4366 FF _ Det Edison 4%8°'61 D_ Dul 8S& At6s'37__ Duques Lt 434357 B_. Erfecvis'53 A ____ — Erie cons Erie gen 43 '96. Ei of 5867 Erieref 5575 Fairbks Morse 4 EQA. Fla EC Ry 68'74 FondJ & R 4 Gen Am Inv 6s'52_ Gen Cable 51%8 47 Gen Mot Acc 38 46 __. Gen Mot Ass 3148 '61_. Gen St Cast 53%s *49 Ga Caro & Nor 6s '34 Goodrich 4% s 56 Goodrich 6s 45 _ Goodyear T&R b3 Great N Ry 48 46 G . Great N Ry 48 46 H Grt N Ry ref 438’61 A Green Bay 68°62 B.._.. Gulf M & N 5850 Gulf M& N 5%s'5 Gulf Sta 3t1 5% Gulf States Ut 4% s’ Hoe (R) 1st mtg 44__. Hudson Coal 58°'62___. Hud & Man inc 6 - Hud & Man ref 53 °57... 111 Bell Te) 33%8 70 111 Cent col tr 485 11 Cent ref 4356 Il Cent 4% s 86 Il1Cent St L 3%8'51. Interlake bs ‘51 Int Agrcl5s 42 s Int Grt Nr 6s ‘56 B Int Grt Nr 65 °52 A Int Grt Nr adj 6s°l Int Hydro Elec Int Mer Marine 6s "¢1_ Int Pap 1st 68 47A. Int Pap ref 6s ‘65 . Int Ryof CA6s'41__. Int T&T cv 4%s 39 Int T&T 4%s 53 Int T&T 6855 [owa Cent 1st&rf4s James F&C4n‘39 ___ Jones&L Stl ¢34 s'61A_ Kans CF S&M 48°36._. Kans C 8o 1st 3s 50 Kan C Term 1st ¢s "60_ Keith €8 ‘48 - Kings Co El 4849 _ Kresse Found ¢ Laclede Gas 68 'l'! . Leh Val Coal 5854 Leh Val Coal 65°64__. 4 L & Nash 3%s 2008 L&N 1stés 2003 L&N4%82003C. L&NG82008B. McKess&Rob 5%s°50._. Me C RR gn 4% 8'60A _ Man S1st 7%8'42 otfs. Manbat Ry ¢s'90 Manhat Ry ¢s '90 otfs. Market St Ry 7840 A_ Mead Co 68 *45 Mich Cent 3%s°52_. Mich Cent ¢5 40 Mil R&L 68 61 MStP&SSM cn 4 MStP&SSM 68’38 l’tl. MBStP&SSM rf CA- MoK &T 1st ¢s'90___ MOEK&T6s'63 Ao MoK & T adj 5867 —. MoPac4s'75__ Mo P20 58°65 Aeeeee Mo Pac 58°77 F. . Low. 2:58. 10834 mu um( 834 8834 l'm m( 87 87 36 853 lm 9 96 96 100 993 100 9% 99)5 99Y - 10834 108} 10834 108% 10834 1083 1073 10134 10734 121 121 121 1043 1043¢ 1043 8614 85%4 6514 65% 6634 108 11 103 111 108 11t 11334 118} 11834 10134 106% 10134 10034 924 993 106% . 104 132% 109% 1113 102% 111 8614 110 108 923 a3y 8 84 102 10134 106 10134 1004 9245 40 99y 108 1033 1303y 109 111% 102% 1t 1083% 8435 9084 ki 97% 8034 8634 110 1023 92 8% 8434 84 102 83Y 8% 1083 8434 90% 1% 94 8034 8634 110 103 9234 4344 843 84 102 10134 10134 1013 87% 29 15 813 883 101} 99% 10235 8 6934 4Y 634 953§ 102 873 38% 15 8034 8345 101 99%4 10234 8 e 3% 64 98}§ 102 3134 39 15 803 831 1011 99% 10234 8 o8 8y 6% 953 102 61 61 61 87 87 87 1063 1063 106% Y 9% 9Ty 1083 1053 105 107 107 107 92 92 9 613 603 6134 983§ 101 10034 1003 1003 12734 12734 12735 9} 96 96 923 923 9234 99 995 998 106 107 108 101 105 107 1024 101 105 107 8234 82l 82 76 5% 8% AT AT 4TH a“ 4“ 4“ 1021 1023 1023 10634 1068 10634 106% 10635 108%% 10835 10834 108} 10234 10234 10234 28y 28 28) 3034 2BY% 86%¢ 3034 283 88 8354 8% 208 485 High. Low. 2:85, Mo Pao 5877 F ctf L% 4L el Mo Pacbts'78G .- € 4 4 Mo Pac 5880 Hotfs__. 41 40} 41 MoPacb6%s'49A ... 17% 17 17 Mohawk & M 48’91 __. 91% 9% 91% Monong Pub 8 414860 Mont Cent 6s '37 Montana Pwr 3% '66. Mor&Essex 8%s 2000 X 4348 ‘65 x 68 '65 .. 102} 1023 10234 1013 1013 101% s w4k 44 89 88} 89 9234 924 92Y 9% 99% 99% Nassau Elec 4s51gtd. 69 5 69 Natl Dairy 3% #51ww. 10434 104 10434 Natl DisPC l%l’lfi . 10434 10434 104}4 104 1083 104 - 1T 11T 117K 11954 119 119%4 953 963 New E T&T 1st 6! 52. New OriGNR 68 '83 A 11336 11376 11874 | Now Orl & N 4% 8'63_. 88y 122 122 122 | Now Orl P 868 62 A 99% ¥2)§ 92 2% | New Orl P S 68°65 B 9834 11 111 111 | New OriT&M 4%s'66- 62 52 62 10834 108% 103% | Now Orl T&M 6%8°'56. 8T 67 7 1013 1014 1013 | Ny Central 8% 897 97% 9635 963 107% 107% 107% | Ny Central 3% 48— 101 1013 1013 10434 10434 1083 | NY Cent con 4 983 97 914 10834 10834 1083 | NY Cent rt w.-zox 923 92 92 18 113 18 |NYCrfe4s2018n._. 924 91% 9% 82% 32 82 | NY CentrfEs2013.__. 99 983 993 20 20 20 | NY Centcv6s 44 12934 1263 126 108} 108 10844 | Ny C L Sh 3%8s'98 9135 9l 914 - 1?;% 12 ‘22“ N 'Y Chi & StL 4s'46__. 102% 102% 102 Lo omg 10y | NYCEStL 43s 78 924 924 9244 99% 993 9934 90 9 90 88 88 88 1064 10634 108 128 123 128 | NY G El H&P 4s°49__. 110} 110} 1103 18834 18136 1814 | NY L & W st 4s'73__. 99} 9934 993 96 96 96 |NYNH&HGB3%8'66... 8935 804 89 963 963§ 64| NY NH & H 48 56.. 48% 8% 48K 1183 118 1183 | Ny NH & H 48 '57 314 81} 813 10134 107 107 [ NY NH & H 4%8'67 6% 48 a8y 88} 683 6834 | NY NH & H cl tr 6840, [ 65§ 6535 6539 1093 108% 108% |INY NH& Hovés'48__ 61 61 61 107 107 107 |NYO&W gends'65... 26 26 25 109 109 109 | NY O&W ref 4s o 3134 804 81N 2 A1 1Y 87% 87 87 118 118 118 | NYQueens eonmr 1025 1028 102% 48 4T 4TH | NY Rys 68 65 A stp__. 1053 10534 10534 86} 86 86 | NV Steam b8 '56_. 107 107 107 6134 61 6l% | Njag Sh 6348’5 108} 1083 108 38% 82 82 | Norf So lst ref 271 26 26% 1% 1134 114 | Norf & W 1st 4 M4 118 11434 413§ | North Am Co 58°'61___ 104% 104% 104% 8t | North Am Ed 6s'69C- 102 100% 100% 82 314 31% | North Am Ed 5%s‘63_ 103% 108 103% 28% 22% 23 | Norn Pacgen3s2047. 78)4 781§ 78% 47% 47% 47% | Nor'n Pac 4897 10434 104 1043 - 23 Nor'n Pac 4% s 2047_. 99 99 99 2034 | Nor'n Pac 68 2047 D__. 106 105 105 893 89%4 894 | North Pac 68 2047.___ 111 110§ 110% | 28 |Ogden LC4m'as _____ 27 271 21 13% | On1o Edison 4866 . 1023 102% 102% }g;% 8mo PubSvo7s'47___ 111 111 111 hio Pub Svc T%8 46_ 112% 11234 1123 100% 100% 100% | Oreg Sh Line 5s 46 .__ 11634 11634 11635 Oreg Sh L 58’46 gtd__. 119 119 119 P 108 108 108 Orez W RR 48 61 106 104% 10424 1073 1073 1073 | Pac Gas & E13%8°66_ 973§ 973 973 LT val§ | PacG & E3%s'61 .. 100% 1003 10034 103 102% 103 PacG & E 48 64 _- 103% 10334 103) 104 104 104 |Pac T&T rf 3% s'66 B. 100§ 100 100 1073 10734 10734 | Pac T&T 3%3'66C___ 100 100 100 106% 106% 108% | Pan Am PC 68’40 49 48% a8 109% 109% 1093 | Paramount Pic 68°55_. 100 100 100 Penn Co 4863 101 10034 1003 Penn Dixie C 6841 99 9934 9935 Penn O & D 4%8'77___ 104% 104 Penn P&L 4348 81 _.__ 105} 10534 Penna R R3%sw.i_. 1087 108% Penn RR 3%s 70 C. 9915 99 99 Penn RR 4%s'81 D___ 105 1043 10474 Penn RR 4%s ‘84 10434 10414 1064 Penn RR gn 4%8°65__ 1083 10835 108% Penn RR deb 4% '70_ 1013, 10034 10134 Penn RR gen 68 1155 116 1163 Pere Marq 1st 4866 96 96 95 P Pere Marq 4%s Pere Marg 1st 68 '56.. Phila Co 68 67 Phila & R C&1 6873 Phila & R C&1 68 49 Philippine Ry 45 37 _ PCC&St L 415863 I_. PCC&St L 6870 A PCC&StL58'75B _ 116 115 116 Pitts&W Va 4 %4868 A. 92 92 92 Port Gen El4%s 60 _ 65% 65% 6b% Porto Rico AT 68°42_. 805 80% Postal Tel & C68'53 _ 845 84% 34% Pressed StICar 68 '51_ 95 95 %5 Pure O] 4% & 50 ww__ 120% 119% 120} Purity Baking 58 48_ 100 99% 100 Reading R 41%8°97 A_ 106 105% 106 Rem-Rand 4% 8'56ww. 108 1073 108 Republic Stl 4348 '50__ 20434 1991 2003 Republic Stl 4%s'66_. 97% 97 97y Republic Stl 4%8°61__ 97 9635 9835 Republic St1 6%s ‘54_. 12434 124 Revere Cop 4%s'56__. 102 102 102 Richfield Of1 6544 ____ Richfleld O 68°44 ctfs. RioG Weol 48°49 A RIA&L 18t 4%s '34__ Rutland RR ¢%8 41__ Saguenay Pw4 % 5°66. St L-S Fran 4s '50A St L-S F 48 °50 A ctfs. St L-8S Fran 4%s 78 __ St L-SF 4%#'78 cf si_ St L-S Fran 68 '60 B StLS W ist4s'89. StLSW2d4s 89 St P M&M ext 58°43 __ 1024 10214 10214 StPUn Depr£6s'72_. 117 117 117 San A & A Pass 48°43_ 100% 100% 100% San An P Svc 6852 A_ 109% 109% 109% San Diego CG&E1s’65. 106 106 108 Schulco 61, 5'46 A stp_ 3734 8114 8Ty Seahd A Lref 4s'69__. 17 165 17 Seabd A L 68545 A Seabd A L Seabd A-F1 6’ DAY, MARCH 25, 1837. FINANCIAL. *kk A2] OIL MEN CHEERE BY PRICE UPTURN Spring Advance in Crude Quctations Talked as Output Climbs., By the Associated Press. TULSA, Okla, March 25.—The spirits of oilmen brightened today over & pick-up in the movement of motor fuel which had developed into eighth: of a cent a gallon advance in the Midwestern tank car price. an Alofig with the more encouraging picture of the refining end, talk of & Spring advance in the price of crude oil became louder. The talk was persistent despite the new high mark in production- reg- istered for the week. There was general approbation of Texas’ decision to cut the April al- lowable better than 50,000 barrels daily under the March figure. Some concern remained over the labor situation, with the C. I. O. and the A. F. L. engaged in a cam- paign of organization in the in- dustry. Hints were heard that some companies might be increasing their refned stocks to assure a reserve in case of a shutdown. The pick-up in gasoline consump- tion led one authority to forecast a 9 per cent increase in consumption this year as compared to last. Oklahoma operators were excited over the first major strike of the year in the Langston field of Eastern Logan County. Co. et al. barreis in eight hours through casing. There the Eason Oil No. 1 8mith flowed 2,786 In West Texas some wells consid- ered big even for that State of heavy production were completed in Crane, Ector, Ward and Winkler Counties. The Permian Basin added 30 new wells to the week’s total completions com- puted by the Oil and Gas Journal at 524 tor the Nation, 44 less than the week before. Washington Produce UTTER—92 score. 1-pound g prints. 40; v, ound prints, 417 tub. 39 score, pound _prints. ot Uprimiarab; s " st trone, MEATS—Choice beel. 17; calyes. 17; veal 16: pork loi fresh ham, 23 ams. 26 LIVE STOCK—Pigs, 8%2a0; light hogs, 9a99s: medium hogs. 9%4al0: heavy hogs. B%a0%4; Toushs. 6as; calves. 6a10; lambs, 6al0 Prices paid shippers—net £.o.b. Wash- fngton. By the United States Bureau of Agricuitural Economics EGGS—Market unsettled to weak. Gov- ernment graded eggs, 1% lower on extras. large. and ‘o lower on_United States standards. large. Current receipts. 212 to hennery _white. 22% to Government graded and dated white el (net prices paid_shippers, ton): United States ex United States ~extras. mediums United States standards. large. 2312 LIVE POULTRY—Market weak and gen- erally lower. Fowl. colored. heavy, 18; Leghorns, 15 t6 14 Chickens Rucks and Crosses. all sizes, 21 t 1%, pounds and up. 20 to 21 pounds and up. 40 each: under 5 to 30 each: old guineas, 20 keys. young hens. No. 2s, af hens, 15 to rrulu and Vegetables. Sales in large lots by original receivers up to 8 a.m. toda: APPLES—Two wumnnon arrived. two broken “and one unbroken cars on track. Supplies moderate: moderate T ‘nndy Bush U. 8. No. —Virg a; 2! mum 1.35-1.50; 215-inch m! m TR 5 5nek Satntmom 1 518 4-inch' mintmum, 1,80-1.66 334 Sneh minimum, 1.65-1.7 ons. 24-inch 20-180] 2hAReh i 1.75- 5: L 1. 2%: ARk minimum, .50; Lowrys. 2iz-inch minimum. 1:65; 23%-inch minimum. 1.65; f¢ Wmes-ps 2Ye-inch minimum inch minjmu 5-2.00; 5: minimum, inch minimum. 175185 ryland. Pennsylvania_'Virginia vxfigmm Fancy- Staymans. 5: Paragons, 1.5 5. as to size. ASPARAGUS—No carlot _arrivals: no cars on track. Supplies very lighi: de- mand fair: market stronger. South Caro- lina crates. ~dozen bunches. .00; fancy. 3.50-4.00: ssal. 501 choice. 2.50-3.00. CABBAGE—No carlot arnvais: one bro- ken and two unbroken cars on track. Sup- plies moderate: demand fair: market about steads. Florida. 1%-bushel hampers. do- mestic round type, mostly 1.15. few higher: poor. low as 100, “New York. 50-pound sacks. Danish type, 70-75. POTATOES—Three Maine arrived. four Wood Discounts Fears of Drastic Inflation in U. S. BY the Associated Press. CHICAGO, March 25—Robert E. ‘Wood, president of Sears, Roebuck & Co., said yesterday he has no fear of drastic inflation in this country. “A rise in prices is not important as long as a balance is maintained between prices and farm and urban incomes,” he said. Wood’s statements were made in a press conference at which he dis- closed the big mail order and retail sales organization had the largest net profit and gross sales in its history in the fiscal year which ended Janu- ary 31., Wood said that with the in- creased purchasing power in the United States, it is believed that sales and profits will continue to rise in 1937. He said he expected earnings of in- dustrial workers this year will in- crease more rapidly than farmers’ in- come, reversing the recent trend. WESTERN PACIFIC REDUCES DEFICIT February Loss Hits $241,- 315 Mark, Compared With $285,363 in 1936. BY the Assoclated Press. NEW YORK, March 25.—Western Pacific Railroad Co. reported today February net loss of $241,315, com- pared with $285,363 in February, 1936. Net loss for the first two months to- taled $396,438, against $522,704 a year 2go. International Printing Ink. International Printing Ink Corp. re- ported for 1936 consolidated net in- come of $1,269,314, after undistributed profits tax, equal, after preferred divi- dends, to $3.06 & share on 281,758 com- mon shares. This compares with $1,- 080,757, or $2.74 a share on 275,513 common shares in 1935. A. G. Spalding & Bros. A. G. Spalding & Bros. reported | for the quarter ended January 31 con- solidated net loss of $258,958, compared with a net loss of $298,905 in the like quarter a year ago. Island Creek Coal. Island Creek Coal Co. reported for 1936 consolidated net income of $1,- 238,421, equal, after preferred divi- dends, to $1.83 a common share, com- pared with $1,153270, or $1.69 a share, in 1935. The company has properties in Logan and Mingo Coun- ties, West Virginia, and headquarters at Holden, W. Va. Novadel-Agene Corp. Novadel-Agene Corp. reported for 1936 net income of $1,224,774 after undistributed profits tax, compared with $1,033,564 in 1935. equivalent to $2.56 a share on 478,518 common shares, against $2.17 the year before. The company makes a product for maturing and bleaching flour and other products. Headquar- ters are at Newark, N. J. MARKETS PREPARE FOR EASTER RECESS Good Friday to Be Observed at All World Centers—Some Will Reopen Saturday. BY the Assoctated Press. NEW YORK, March 25.—Important financial markets throughout the world began preparations today for one to four days closings in connec- tion with Eastertide. Both in the United States and abroad Good Friday is to be a univer- sal holiday for leading exchanges and | commodity futures markets, including those in New York, Chicago. New Or- leans, London, Liverpool, Paris and the chief Canadian centers. The New York Stock Exchange, Curb Exchange, Produce Exchange and the Chicago Board of Trade are Sharon Stl cv 4% s°51_ 11614 118) 1163 | Droken and _thirteen unbroken cafs on | among those observing only a single Shell Undeb3%4a'51_. 974 98% 9134 | rack: fi“&‘l‘:"izflfi?““fi.o“fifli’&“.'.":"x".', holiday, ®opening Sltflrd.yy oo Skelly Ofl 4861 995 993 9934 Maine, Green Mountains, | go; f the Amerf s Socony Vac 3% 60, 108% 1081¢ 1085 | 2-0082. 0S: New Yok round whices 2.50: me of e erican markets 2.60. Pennsylvania. round whites, 2.35- ‘whic] will observe Saturda; South Bell T&T 10834 10855 toasg| 9 Teapevivanis, Found, mhiies 2ie; | which also VLD So Colo Pwr 63’47 A__ 106 105 105 | 4,00 few higher. Florids. bushel rates. holiday include, at New York, the South Nat G 4% #'51__ 983 9815 988 Bllu Tnumph-, -‘v"'oos‘ No. 1, 2.00-2. Coffee and Sugar and the Cocoa Ex- SoPac3¥s 46 9% 988 983 | U CARROTSL No cariot arrivals; one bro- changes. 8o Pac col 48 °49. 95 95 95 |[ken car on track. Supplies moderate European and Canadian suspension di d derate ket stead T :g:g tog st half-lestuce. crates, Bbs. dosen, 1.40-350.|of trading will generally last until % 91y gal(l’{ormn western-lettuce crates. 8-dozen. | Tuesday morning, although the Win- 92 9135 914 3.25: poorer. 2.75; half-lettuce crates; So Fao L 92 o35 ous | Prz doren. PH0T 60, "ivew York 425 Daenel g:l:egdmm :innhrdketflwfll open as usual o Pac Oreg 4% 963 9635 96 CAULIFLOWER—No riot ivals: urday and Monday. So Pac S F Ter 48 1013 m'rz 107;‘2 three broken. cars on track. nugnll‘e':;:;;- 20 8214 82 82 E\'l]'ig fllzmnndt moferg market steady. alifornia, crates. 1.65- 108 108 108y |~ CELERY—One Pklorlgn arrived: four FOREIGN MARKETS. roken tack.” Supplies moderate; = SoRY M &O 4838 _ 943 9414 9434 | cooled. - ,’0 Individu o o gbis: | approaching ° Easter \holldnys although S T - | prices held steady. il shares were firm o Ry St L div 485 993 99% o LETTUCE—No carlot arrivals; five bro. 934 and steel and nickel securities sold at 8 W Bell Tel 334564, 10, kenand one unbroken cars on . track and 3 2 iIEIEieE a0l Southw'n G&T ts-0-. son" soo¥ 19854 Bupplies modscate; idemand falr:: m Atiratted atiention and Torelen bonds weve s weaker. Arizona. Weste Stand OfI N J 38 61.-. 96% 963 32% Itgf.z,,g‘,,,_ e doron. 000-6.50; 5 mfig“ gge:i‘:flausm-ls and the mining Studebaker cv 68°45__ 145 143% 144 | 00" RIS.—The Bou 8 eenerally Swift & Co 3% s °60___ 10434 108% 104 & Onfon Pcflrel dD""-l o grmktm;e ,and rentes !céou:alsumuy higher. 5 5—O0! o | Bank of France gained Go francs an SymEn G&G 56 xw___ 130 130 180 | browesonnd two, usbroken. c:rrrul; on m:'x Cana1 “aizo ndvl:dced Eaiirosd and coxt Pw ’ B 114 derate; d N T; arket | issues were mixed. yal ch movet g’““ ElPw6s'47A__. 97% 915 97% sl‘i‘:}etl;s woaker. 50:pound sacks, U. 8. | up 6 francs. Tfifm I::!St g“l/:. gl - 106 106 106 “ 1: lMlshlll)"sn New Y?l’k lnfll oofihln. et ‘exarkana 518 °50.... 106} 10534 108y | YeLlows. poorer low 88 1.05 %in"éi’fé‘ 1u__. o134 10154 1013 c.;;'un J:sctk"i"‘ué'{x' i.,h‘z;“ .,‘;2:,32 m:mnsnmx STATEMENT i t ady. hamp- A Third Avref 4s'60 .. 69 68y a Orbly 400 ST 1ved: enree i?““'4"' 00 decronse “2"20’12 e Third A 2d1n ex Ewes. 38y 38 bmxelr; snd fwo wsioken ;,;{;,,:';, rasK: | increase 69: forelen currency Tesérves, 5.: A M Al - 5 S &IOIoIC 8 X m €002 10119 “"K e endy 5exas ‘ushel baskets, 0890, 705, increase 110, other bllls of ‘exchange . STRAWBERRIES—No _ carlot L 3 UREILA&PSRST. . 10535 1083 1064 | onc brokue sar on tmack. Suspiies liehs: | piher dslly muturing onigations. 83454 %8°54__ 105 105 105 | demand fair; market steady. Florids, 38- | (ERECRS€, 515: 400 SOTRNICS. ) @977 Un Oflof Cal 348 '52_ 1125 1125 1128 | pint_ crates. 6.00-8.50: hold-over cresse 14.180: ratio of gold and foreign UnOflCalif 6542 A._ 118 118 118 | Suality and conditicn] 5#3-“.‘;{;{‘_’,;&'_‘@ gurrencies to notes, 1.6 ber cent: Tate of Union Pao 3% 870 9814 96} 964 | no rars on i2ack: Supplies lignt: demand | discount. 4 ver cent. Un Pac 3%4s°71 95% 9515 9634 | Mmoderate markel stronger. gorth Caro- Un Fa L3t 1 48 908 10w 1auss ok | el :‘a:,,:rb i G A LONDON BANK REPORT. del _County. bus! iampers, Jerst 3 LONDON, March 25 (#.—The Btnl n( United Biscuit 55°50__ 105% 106% 10 8. 1 England statement for the wi United Drug 68°53. 100% looz mz;: TOMATO!s—Nn cnfi!ofi;n&lvnlsfl:n;nn P e saax ab “u‘n'd. U S Rubber 68'47_____ 106 = 106% 1065 | crati" crarker sbout u'nd'y “Florida. f,‘;‘,f“%’,h & 5,“,,‘1',..{';5"'“‘33 gy Utah L& T 58°44 (. n, ripes and turning, wrapped, bl 27 Utah P& L 5o it - :gm Jor Lo " iar rger, best, 2.80-3.00: pooret PRI S "““‘}fiv‘:::“é‘:;m', Utll PAL 68°69 ww._. 6135 61} 2};‘} . gg"" lower; re- 153&:» decre iLe7 oum&;g: - X K securities, UHIP&LE%s 47 61% 613 a1y ETA. Californis, | securitles, 27,108: nereasé, 400 Vanadium ov 684 one 'r:xn -mvea":gru broken and two ?{op&,mfl% of the bank’s reserve ;&‘ ns.;g‘.? ana en_cars on \ 58 Ver Su 1--- 10834 10614 10634 | UnproKen cals On G Rites moderate: de-'| {53t wask. CHate of disconnt 5 pe va B “P"‘ I¥43ctfa. 294 29 201 | mand fair. market weaker. Florida, bushel a 18t ref 4&'55_ 10534 101 0. g A yrcaciniatl o e ‘G| MHGE St heme e e MONEY MARKET. a Ry 18t 3%8'66 A 108 102% 108 nd moderate; 7 4 Plorida, bushel hampers, round and NEW YORK. March 25 (#.—Oall money VaSWconbs'58.__ 99§ 993 99} |type, wieen. 3.00-3.50. steady: 1 per’ ceni_all das: Drime” com-. & au ay nECGPLANT Supplios lisht: gemand | mercl SE p}"’" loang 3 er_cen 2 st rates. cholce, {air cusiity and | SEAGY: 40487 S monihe, 1 Ber cont INM lwu ,M% condltl%n. "1'50:2'00; ~bushel ' baskets, fodiscouni Tais. New Yotk Heserve BAGK. 42 42l 421 | PR pplies moderate; demand gnk-h 6%8°'75 42 re2 2 modorlze.l mu':et -m m:a. nurm-. w:l'n:rgi‘s. lfi':l- u__. l:;l 12:;( 12;7 L¥acbushel crates, green, extra fancy, 3.80- RUBBER FUTURES. Warner Brosev 6s'33. 95 9% say | BQUASH. Suvplies moderate: demand | por umn-%fien’o?’f'r’ofi:@?ffl'fifn“f{ Warner-Quin 6s°'39... B0)§ 493 493 |fair: market - steady. Forida March_unquoted: May. 26.00-08; July, Warren Breveés'él._. M 69 70 3;{,‘;,‘,’{;’,'“1’“530'5"3‘" 50-2'50; yeliow | XoTghag" Wash W P 1st 106 105 106 irginia, bushel baskets, fine West Penn P 3148 '66_ 10834 1083 108% uu-my ana condition W Sh 1at 48 2061 gtd . 98 921y 98 ANGES "No carlot arrivals, one un- MONTREAL SILVER. W Sh Lot 4s 2061 e e 3'&'.‘.'2&?’ s e PR MONTREAL. March 25 (7 —_Silver tu: 'n Md 1st 48 '52 1018 1004 1013 | GRAP! oroaek Hon e By | {ower, Mateh, 44806 May. 44 80b: July, wastn Pue e U8 Awa 20 a0 st | e Yk g, B ey | MR est’n Un 4348 ‘50 043¢ 105 | size. e Weat'n Un 6860 ____ 106% 105 108y | LEMONS_-No carlot arsivale, no cars on Wheel Steel 434853 100} 983 100 | {3k ZSRUTERIN Boxes. Mo PHILADELPHIA PRODUCE. g ss nssc.'il o :’I' ‘::ot :: 3;( :;‘ TU'RNIPPs—ocor b-' crm'."l %ogaaou. March 25 (7. —Butter, p St con 78 °36 ot s &‘, o T ke P YT b e e : json - T crates. 1.25-1.85. Win 6al B B 18t 48°60- 10734 10875 10734 | SHRO Ehe. iy Lo ° Wis Cent 1st gn ¢s 28} 214 2734 | Pons 40-80 I8, boxes 1 Douglas Aircraft Co.—Company re- AVOCA] California, 6s to b4 2. 1613 147 147 2| 81s. 3.00-3.75; 1 ta u-. ceived an order for five Douglas DC-2 'ngstnS&T § Y'ngstn S&T ¢é8°61___. 1001 9934 100% po crates, fair quality, 1. 76-2 2 3 airplanes from Brnlfl Afrways, Inc. This is | | | | New Orleans CLEARINGS HOLD WELL ABOVE 133 Gain Over Previous Year Extended Despite Sag From Week Ago. BY the Associated Press. NEW YORK, March 25.—Although bank clearings in the United States declined from the high amount in the preceding period, the aggregate was extended further above that of a year ago. The total for 22 leading cities, as re- ported to Dun & Bradstreet, for the week ended March 24, was $6,889,833,- 000, against $5,372,442,000 in the cor- responding 1936 week, an increase of PASSENGER CAR SALES UP SHARPLY IN MONTH E3 the Associated Press. ‘The Commerce Department reports sales of new passenger automobiles advanced substantially in February. Its index of these sales, 1929-31 as 100, stood at 143 last month, compared with 120.5 in January and 89.5 in February last year. ruary figure. however, was consider- ably below the 175 of December. based on The Feb- Scovill Manufacturing Co.—1936 common share earnings were $3.08, against $1.21. REAL ESTATE LOANS 5% RESIDENCE and SMALL BUSINESS PROPERTIES. FRED T. NESBIT 1010 VERMONT AVE. DISTRICT 9392 282 per cent. This contrasted with a percentage gain of 2.1 in a similar comparison a week earlier. New York City clearings at $4,475,- 372,000 were 24.0 per cent in excess of the $3,610,120,000 recorded last year. At outside centers the total rose to $2,414,461,000, or a percentage in- crease of 37.0, when compared with the $1,762,322,000 in the comparative 1936 week. Every city registered increases over last year’s figures. At Philadelphia, Pittsburgh, Baltimore and Portland, Oreg., there were gains of over 50 per cent. Part of the increase at Pitts- burgh was due to the fact that at this time a year ago, flood conditions at that city seriously handicapped busi- ness activity. Clearings for the past week ;howed 8 loss of $486,365,000, when compared | nth the figures for the preceding pe- | riod. Between the two similar weeks | OFFICE EQUIPMENT WE SELL, BUY OR EXCHANGE Desks Tables Chairs BAUM’S FURNITURE HOUSE 1416 Eye 8t. N.W. Steel Files Steel Cabinets Safes Phone NA. 2184 Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY '| GEORGE I. BORGER 643 Indiana Ave. Nat’l 0350 N.W. of 1936 there was a reduction ol‘ $1,835,541,000. Figures at leading cities, together | with percentage gains compared with those of 1938, follow; also, daily aver- age bank clearings for January, Feb- | ruary and March to date: (Totals in Thousands.) Boston Philadelphis Buffalo FIRST TRUST LOANS Long-term REFINANCING Lowest Rates . . . struction Loans . . . BOSS & PHELPS MORTGAGE CO. 3-Year Con- 3% Loan Correspondent. John Hancock Mutual Life Ins. Co 1417 K St. N.W. NA. 9300 Pittsburgh Cleveland Cincinnati Baltimore Richmond Atlanta Chicago Louisville Minneapolis Kansas City Omaha = Dallas San _Prancisco Portland, Oreg. Seattle Total New York Totas all Average daily: March to date February = January NEW YORK BAR SILVER. NEW YORK, March 25 (#).—Bar | silver steady and unchanged at 45. NEW YORK PRODUCE. NEW YORK, March 25 (7 —Eggs. 161; steady. Mixed colors unchanged PRrOPERTY M ANAGEMENT | EFFICIENT management is most satisfactory to both cwner and tenant WE specialize in the man- ogement of a!l types of in- vestment properties and cre now Managing Agents for some of Washington's most important buildings WE would welcome the op- portunity of discussing your management problems. with you. Randall H. Hagner & Co., Incorporated Rea! Estate 1321 Conn. Ave. N.W. DE. 3600 higher | re) Butter. thi 11.507: fi Creamer: tra. 373 firs reig u-lo e reight First Morigage Loans Interest 5Y2% Small Construction Loans Considered Wm. T. Ballard 1221 Eye Street N.W. 1886 51st Year VISIBLE RECORDS STOCKETT- FISKE rnonucmo STATIONERS PDI9E ST- - . 1937 of Progress 00 L ORI L Real Estate Loans 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. SECURITY SAVINGS AND COMMERCIAL BANK 9th and G Sts. N.W. 1518 K Street N.W. Member Federal Deposit Insurance Corporation. g, . | OO 3% * 5%% Business Property and R dence . . . Construction or Re- financing Loans © @ @ SHANNON & LUCHS Mortgage Losn Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. NN\W. Natl. 2345 FIRST TRUST MONEY FOR REFINANCING LOANS AND CONSTRUCTION LOANS THREE-YEAR LOANS AND 15%-YEAR MONTHLY PAYMENT LOANS PAYABLE $8 PER $1,000 5% No Commi; EQUITABLE LIFE INSURANCE COMPANY 816 14th St. Met. 3437 ions or Extras PROPERTY Over years our Forty Years of Experience large and First Mortgage Investments B. F. MANAGEMENT THEIR RECORD IS GOOD During all these more than forty FIRST MORTGAGES have held first accepted investments —by both The reasons are obvious. Nnnonzl 2100 925 15th St. N.W. If your present MORTGEAGE MATURING COME IN and let us ex- plain how our Mortgage Refinancing Plan can lower your interest costs and set up your principal payments on a more attractive basis. As a property owner, you n.hould know theadvantages of the Weaver plan. WEAVER BROS ¢ REALTORS Murtgage Lan Correspondent Matrapolizan Lifs Insurance Company WASHINGTON BUILDING DISTRICT 9486 lace on the list of small investors. 'SAUL CO. REAL ESTATE