Evening Star Newspaper, March 31, 1937, Page 15

INQUIET TRADING Sharp Losses Have Little FINANCIAL. U.. BONDS DROP Influence on Corporate and Foreign Lists. Bond Averages Rifls ndtst. o —2 +.1 —2 94.8103.2100.0 95.0103.1100.2 96.9103.9 101.4 92.3102.6101.8 99.0104.4102.8 Net change. Today, noon Prev. day. .- Month ago- Year ago.-- 10 Fsn =1 72.0 719 728 69.7 4.7 THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, BONDS ON N. Y. te The Star. By private wire direcs TREASUR 98.4 101.30 100.2 99,22 99.22 100.23 103.20 102.24 103.30 104, 106.8 106.10 106.20 106.2 106. 108.24 110.24 105.11 115, 2148 1949-53 23,8 1945-47 . 2%- 194851 cace % 8 1951-64_. i%l 1956- 69__._. 27%s 1950-60_. 38 1946-48 .. 38 1951-65 _. 0148 1946-49 3148 1949-52 3% m 1941 818 1944-46 3% 1940-43June 83%s1941-43 Mar 3% s 1943-47 3% 8 1946-56 4s 1944-54 4145-31481943-45 4%81947-62 __ 100.24 102.14 2% 8 1942-47 381947 High. Y Low. 2:58. ¥1.28 97, 10128 99.81 99.12 99.7 100.8 103.14 101.29 99.81 99.16 99.7 100.8 103.14 102.8 108.26 108.2¢ 105.26 106.1 105.20 106.28 106,28 108.24 110.24 105.4 114.30 FEDERAL FARM MORTGAGE. 100.24 100.24 102.14 102,14 1937 high_ - 1937 1936 1936 1932 1928 9431029 998 98.2104.4103.1 86.9101.8 993 67.6 458 400 646 422 high__101.1 98.9102.91005 10 Low-Yield Bonds. Noon -109.5 Prev. day. 109.6 Month ago111.2 Year ago-111.5 1937 high. 113.7 1937 low.. 108.9 1936 high_ 113.5 1936 low.. 110.2 1928 high_104.4 1932 low.. 868 71.9 73.0 (Complled by the Assoclated Press.) BY the Associated Press. NEW YORK, March 31.—Sharp re- actions in the United States Govern- ment list had little influence on cor- porate and foreign bonds in the market today. Federal issues fell back on moderate volume and. late in the morning, stood 132 to 22 32 of a point lower with the majority off more than 10/32 More than a third of the group fell to new low prices for 1937, with some below par. Despite this general move- ment about a half dozen issues failed to open Elsewhere in the market prices fol- lowed slightly mixed trends. Light dealing sent Baltimore & Ohio 4':s, Bt. Paul 5s of 1975, Illinois Central 4%s and Southern Railways 4s to modestly higher levels. North Western 43;s, Erie 5s Missouri Pacific 55 “F" and Pennsylvania General 4! declined a little. Small gains in the utility and in- dustrial sections were recorded by American Water Works 6c. Goodyear +6s, Hiram Walker 4';s and Columbia Gas & Electric 5s. Issues moving the other direction including American ‘Telephone 3';s, Bethlehem Steel 334s ~ and Pennsylvania Dixie Cement 6s. Abitibi Power 5s made a spectacular upswing of nearly 2 points. DIVIDENDS ANNOUNCED. NEW YORK. M elared (prepared by t Corp. ) 31— e Stand; Increased P, -1 i1 -1 00 © 00O ¥ 2 TRt Foa's Mass Investors fonroe chine Quarterly Tn Roos Br St Q Q S Q Q Q Q Q SA Q & Q Q s Goneral’ Mifls Pan-Amer Airwavs NEW YORK BANK STOCKS NEW YORK. March Becurity Dealers’ Assos (Quotations as of | oo 11 on 2 o'clock. Bid. Asked Bk of Man (113) 37 Bankers Tr () Cen Han Bk & Tr (4) Chase Nat (14 Guaranty Tr (12) Irving Tr (.60) Manufacturers Tr (2) Menufacturers Tr pl (2) - Trust (5) Public_(115) Title G & T FEDERAL LAND BANKS NEW YORK Land Bank bonds March 31 ().—Federal 10415 10034 10314 10134 108% 10512 1005 1035 May’ T. S. TREASURY POSITION. B the Associated Press The position of the Treasury on March 34856418 expendi- balance, 1.7 receipts for the cal vear (since July expendiitres. - S including $2.119, 1 of emergency expenditures: - excess of "expenditures. ¥1 077.431.06: gross 7 anincrease of previous day: 1148360, including active gold. FOREIGN MAEKETS LONDON. March 31 (#).—Stock prices held steady with trading continuing on a small scale, but a better demand for lead- ing issues was in evidence. Transatlantic shares eased fractionally from their early highs with U Steel and International Nickel especially firm. The oil and mining ®roups were in demand. while industrials and home rails remained quiet. bonds sold lower. PARIS.—The Bourse closed with a firm tone. French rentes finishing 85 to 115 centimes net higher and Bank of France ghares scoring an advance of 115 francs. Roval Dutch lost 4 francs. PHILADELPHIA PRODUCE. PHILADELPHIA. March 31 () —Fow] colors, 1920 . 17-1K7 old roosters Foreign turkeys, fancy young ucks, White Pekin. young, 20701d. 18 mixed 18-17: Muscovy, ‘white, 18-29: colored. 17-18. Dressed pouury unclnnxed T. s. TREASURY NOTES. (Reported by Chas. D. Barney & Cn.\ MONEY MARKET. NEW YORK. March 31 (.—Call money “"lvper cent. offered: acceptances unchanged: redis- t rete, New York Reserve bank, 1% per cent. MONTREAL SILVER. MONTREAL, March 31 (#.—Silver fu- tures opened firmer. 20 higher. ~May, * b—b July, 45.20b; September, 45.10b. RUBBER FUTURES. NEW YORK, March 31 rubber futures opened steady. higher. M 815; July, P —New York | @) —cmfi 7 27.28a3! 851949 31481942-44_, 2%81939-49 is \952,., 9928 9 1018 10 BONDS. High 10145 FOREIGN Abitibl Pa&Pw 63’63 Agr Mtg Bk C ‘47 Febr coupon on_ Akershus bs 63 Antioquia s 45 A_ Antioquia 7845 B Antloquia 1st 78 ‘57 _ Antioguia 2d 7s'57 new Antioguia 3d 78 '57 Argentine 414871 Argentine 6s ‘57 A _ Argentine 65’68 B Argentine 6s°59 June Argentine 6860 May Argentine 65 60 Sept_ Argentine €s '60 Oct Argentine 6s ‘61 Febr_ Argentine 68 ‘61 May Australia 434856 Australia 5s'55 ____ Belgium 7s 55 Berlin El Ry Brazil 634s '26-'57 Brazil 6158'27-'57 Brazil 78'62 Brazil 8s 41 Brisbane 5s ‘58 Buenos Alres 4%48-3%8'TT PY____ Buenos Alres 4%s-45s '76 April Buenos A 41%8'76 Aug | Bue A C 63 f1stPv | Buenos A C 6%s 55 Canada 21:8'45 _ Canada 31,861 Canada 4860 __ Canada bs ‘52 Chlle 63’60 C) (e 6861 Jan _ Chile 68 '61 Febr_ Chile 65 61 Sept_. Chile 65 63 Chile 78 '42 Chile Mtg Bk 6862 | Chile Mtg Bk 6%s 61_ Chilean Mun L 7s '60__ Colombia 6s 61 Jan Colombia 6s 61 Oct Covenhagen 4%s '53 Covenhagen 68 ‘52 _ | Costa Rica is A '51 | Cuba 6%s 45 | Czechoslovakia 8s '51_ - F2 10034 10244 1013 1053 13 2214 = ‘Demnark 412862 Denmark 518 ‘5. | Denmark 6s 42 French Gov 7s'49 French Gv 7s '49 un st Ger C Bk A 6s 3 Ger C AR Bk 6s'60 Oct Ger Gov 5348 65 st | Ger Gov 5% 8 €5 un st Ger Prv & City Bank con Ag 6185 or Rep 78 '49 stpd | Grt CEl Jap 6%s 50 | Hung Con M 7s AS”.. Hungzary 7%8 ‘44 Febr coupon on. | 1taly 78 61 5| 1tal P U Crd 7s '52._ 1” | Japan 6%s '65 Japan 6%s ‘54 . ihreuK&Toll 55769 cts Met Wat 5158 '50 Mex 45 10-'45 asst Ige Mex 5545 asst Ige__ | Milan 6%s 5t Montevideo 78 52 | Nord Ry 6348 '50 | Norway “ 1565 | Norwav 4148 '66 Panama 58 63 stp as Paris Orl Ry 6%s ‘68 Per~ambuco 78 ‘47 Sept coupon off - Peru 6s'60. Peru 6s ‘61 Poland 6s "40_. Poland 7s 47 Poland 8s ‘50 Prussia 6s ' Rhein Rhur 6s'51_ Rhein Main 78’50 ____. Rhine W El P 68 53___ Rio de Jan 6%8 5 Aug couponoff .____ Rio de Jan 8s 46 Aoril coupon oft ___ Rio Gr do Sul 6s '68 June coupon off Rio Gr do Sul 7s " May coupon off Rio Gr do Sul 8s°46 April coupon off _. Rome 61562 Rumania 7s 49 Aug coupon off 8a0 Paulo St July coupon Sao Paulo St 7840 Sao Paulo St 78 56 Sept coupon off ___. Sao Paulo St 88 ‘36 July coupon off Sao Paulo St 8s '50 July couponoff ___. Sao Paulo C 8s°52 coupon oft Serbs 78 ‘62 unm c o. Serbs 83 62 unm ¢ o Silesian Bank 6s°47 Sydney 6%s ‘55 Taiwan Elec 6%s'71_. Tokio E L Ltd 6s ‘53 _ Tyrol Hy El T%s '65 Un Stl Wks 634861 A Uruguay 6s 60 Uruguay 6s°64 Warsaw 7s 5! Yokohoma 68 '61 DOMESTIC BONDS. Alleg Corp b8 '44 98% Alleg Corp 6849 Alleg Corp 68 50 stp__ Alleg Valley 48 42 Allled Stores 43,8 '50 Allled Stores 4%4s 61 Am & For Pw 60 2030 Am Icecv 6s'53 Am1GChb%s 49 Am Intl 63849 Am Tel & Tel 3%s 61 Am Tel & Tel 3% 566 AMT&T6%s 43 Am Wat Wks 6s°75 Am Writ Paper 6s°47_ Anaconda deb 4%s ‘60 Armour & Co 4%s 39 Armour(Del)1st 4s'56 Armour & Co Del 48 57 Armstrong Ck 4s ‘60 A T&S Fe 48°05-'65 __ A T&S Fe gen 48 ‘95 A T&S Fe gn 45’95 rg. A T&S Fe ad) 48 95 st A T&S Fo 434848 A T&S F RMt dv4s'65s Atl Coast L 18t 45°62_ Atl Coast L clt 48 °'52. AtiC Luné%s’'64 __ Atl Coast Line 63 '45 Atlantic & D 1st4s 48 Atlantic & D 24 ¢8"48_ B&O1st ¢s 43 123% 121% 481 5634 24 20 ooy - % 92 304 80Y% 81 3 034 4l 5% 1014 61 i3 7 674 1061 1003 102% 70 101 B & O Toledo 48°59 .__ Bell Tof Pa bs 48 B__ Bell T of Pa 55’60 C__ Beth Steel 3% 8 ‘66 Beth Steel 4% 8 ‘60 . Bos & Me 4%s'61J. Bos & Me b8 65— 101.28 101 HOME OWNERS' LOAN. 99.28 99, 18 10118 20 99.21 24 99.24 .28 100.29 Low. 2:85. 100% 101% 25 984 8 7% #3lx 101 98 91l 10514 11275 22 22 22 22 22 217% 1885 183 18 83 3344 96 98 3334 624 104 ¥98; 101 % 106 123% 12134 481, 8624 283, 20 2414 67% 1063+ 100% 102, 6y 9815 981 1644 Bot Con M R48'34 __ Bot Con M 63%s°34ct.. Bklyn C RR 6841 Bklyn Ed con 3% Bklyn Man T 4% 66 Bklyn Gn El Sl '60 Brown Shoe 3% s ' Buff R&P con ¢%s '57. BCR&NCI5s'34 BCR&Nbs'34ctfs. Bush Term Bldg bs 60 By-Prod Ck 6% Calif Packing b Camag 78 42 ctfs Can'dian N R 4%8°51_ Can'dian N R 4%s ‘66 Can'dian NR 4% Can'dian P db ¢s perp Can'dian Ndb 6%s 46 Can'dian Pac 4348 46 Can'dian Pac 4%s 60 Can’dian Pac 58'44 cfs Can'dlan Pac 6s ‘64 __ CaroCl & 06862 A Central Fdry cv b8 41 Cent of Ga 68 °'59 C Cent of Ga rf 534859 Cent Il E & G b8 51 Cent N England 4s Cent of N J gen b5 '87 Cent of NJ gn 68'87rg. Cent Pac 1st 45 '49 rg_ Cent Pac 68 60 Cent Steel 8s '41_ Cert’d deb b ‘48 Chesap Corp 68 47 C&Ogen 4%s'92 Ches & O 3%s 96 D Ches & O38%s 96E __ C & Oconbs'39 C & O Big Sandy 4s'44 Chi& Altref 3s 4y Chi B&QI div 3% 8'49_. Chi & E (1] 6861 Chi & E 1158 '51 ctfs Chi Grt West 48 '69 . Chi) & L gen 6866 _ Chi Ind & L zen 63 "66. CMStP4s'89 CMA&SP gn 4348 89 (o, CM&StP4%s’'89E CM&St P bs 76 = CM&StP&P adj 582000 Chi & NW gen 48 87__ Chi & NW 4148 2037 Chi & NW 41482037 C. Ch1& NW 4% 49 Chi1 & NW rf 68 2037 Chi R 1&Prf 48'34 _. Chf R I&P rf 4s'34ctt_ Chi R I&P gen 48'88 _ Chl R &P 4%8°62 Chi R I&P 4%s ‘62 ctf. Chi R I&P 4%5 60 Chi T H&S 1st 6860 Chi T H&S Inc bs 60 . Chi Un Sta 3'%s°'61 . Chi Un Sta 3%s 63 E Chi & W In con 4852 Chi& W Ind 4% 8 62__ Childs & Co 6543 __. CinG&E3%s'66 ._ CCC&St L gen 4s3°93 _ CCC&St Lrf 4%s'77TE CCC&St L ref bs '63 D CCC StL Wh Wat Valley 45 '40 L Clev EI 1) 3% 865 __ Clev Un Tel 4%s 77 Clev Un Term 6873 B Clev Un Ter 5348 '72A Colo Fuel & Ir 58°70 Colo & So 41;='80 _. Columbia G & E bs 652 May - Columbla G&E bs '61 Colum Ry P&L 4s '65 Comel Credit 338 '51. | Com Inv Tr3,s'51. Conn R& L 4%8 51 __ Cons Coal Del bs 60 Cons Ed NY 338’656 n Cons Gas NY 4%s ‘61 Consol Ofl 3%s '51 Consum Pwr s %s 66 _ Ccnsum P un %5 '65 Cons Pwr 31870 Consum Pwr 3%s '65_ Container deb b8 43 Container 6s *46 Crane Co 3%s 51 CrownC & S 48 '60 Crown Will P 68'51_. Cuba RR 18t 55 ‘62 Cuba RR 7%s8 36 ctfs_ Cuba Northn 5%s 42 Dayton P&L 3%s 60__ Del & Hud ref 45°43 _ Del & Hud 6%s 37 Den & R G con 4836 __ Den& R G W 6865 __ | Den & RGW 6s'55asst. Den & R G ref 6878 _ Det Edison 3%8 66___ Detroit Ed 4365 F Det Edison 58°52 Det River Tun 4%s'61 Dul SS & At 58°37 Duques Lt 4%s 57 B Elec Auto Lite 4 Erte cons 48 '96 Erie gen 48 9| Erferef 6a'67________ Erieref 65°75 Erie Gen R1v 6 Fed Lt & Trac 5s '42 Fed Lt & Trac 6s '42 Fed L&Tr 6s 64 B _ Fla EC Ry 6874 - Fla EC Ry bs ‘T4 ctfs. Francisco Sug 6s 66 _ Gen Cable 6%s 47 ___ Gen Mot Acc 38 46 Gen Mot Ass 2% '51_ Gen Pub Sve 6%s’39__ Gen St] Cast 6% 49 _. Goodrich 65456 ____. Goodrich 4% s ‘66 - Goodyear T&R 68 °57 .. Goth Silk H 5346 ww. Great N Ry 48 46G _. Great NRy 48 46 H Grt N R gen 4348’76 D Grt N Rgen 4%48'17TE Grt NRgen58'73C__ Grt NR5%8'52 B Gulf M & N 5860 Gulf Sta St1 6%s 42 Gulf States Util 4566 Hock Val 434s°99 = Hoe (R) 1st mtg "44 Houston O1] 6% s 40 H’satonic con 58 ’37___ Hudson Coal 68°62 Hud & Man inc 65 '57 . Hud & Man ref 68 '57 111 Bell Tel 3%s *70 I11 Cent 1st ex 3358’51 111 Cent col tr 48 53 111 Cent ref ¢s ‘65 _. Il Cent 4%s 66 . 111 Cent ref s '65 I11 Cent St L 3% s '51._. ICC&StL N O4%8'63 __ ICC&StLNO6c°63 __ 111 Steel deb 4% s 40__ Inland St13%s 61 __ IntRT 1strf 5868 __ IR T 18t rf 6866 ctfs IntRT 6832 Int R T 6832 ctfs. IntRT 32 Int R T 78°32 ctfs _. Int Grt Nr 6s ‘63 A Int Grt Nr ad) Int Hydro Elec Int Mer Mari Int Pap 1st 68 47A_. Int Pap ref 6s ‘56 Int Ry of C A 68 41 Int T&T cv 4%s 39 Int T&T 4%s 62 Int T&T 63 66 fowa Cent 1st&rf4s’51 James F&C4s°39 __ Jones&L St] 4% s'61A Kans C 80 1st 3s 650 Kans City So ref ts ‘50 Keith 6846 Laclede Gas 65 39 _ Laclede G 6%s ‘63 C_ Laclede G 6%s 60 D_. Lake E&W 2d 68 '41. Lautaro Nitr 6s ‘64 LV NY %840 gtd Leh V Pcon 48 2003 .. Leb V RR con 68 2008 Ligg & Myers 68 '51_. Loews3ie 46 Long Ia] ref 48°49 Long Isld ref 4543 stp La & Ark 6s "9 L&N682003 B McCrory Stores 82% | McKens&Rob 538’50 8% [ MeCRRclt4s'46 A__ . 103% - 18K High. Low. 2:58. 344 86 983 10014 100 109 115 107% 104 8% 218 2634 863§ 108% 10734 107% 10834 10334 [ 264 26) 26% 2634 6535 651 1081 105 10334 108% 29% 3034 ur ot m 11836 113% 9234 v2l4 12135 12134 1083 108% 102 102% 1 10834 10844 10934 10934 3014 1 1n1% 2% 12134 104 102% 1113 108 10934 110 10 21 22 204 12% 9214 853y 108%; 4 1044 110% 100 8614 833§ 8315 17% 103 108 - 1004 101% 9% 102% 83% 78 c] 95 102} 8 4% 98} [ 3 a 100 100 101 61 10134 1008 103% 1024 10734 10244 106 1105 931 693 10234 103% 1033 9614 10134 103 69 102 10634 103% 98 100% 100%4 1058 101% 10289 988 10634 10435 5714 oy 54 102% 9034 1004 83y 19 19 28 103 1073 107% 1z 62 103% 110 105% 10114 101 1015 1% 1084 993 10335 99% 131 1083 108% 102 1104 116 100 9734 101 101% 9% 102 83% 2% 6% 9434 1023 b 1056% 106% 2% a 100 10436 1043 1023 10244 6835 64 8)g 18 1223 1225 122% ¥8l5 9Bly Y8} 10136 10136 10134 10134 1003 100% 97 9634 110 22 205 125 9214 863 108% 104% 10174 100% 8744 994 993 9544 103% 1024 1073 103% 105 1104 931 694y 102% 108% | 10875 9554 10134 103 6914 102 10634 105% 1017 10234 983 10534 10434 5734 6414 4% 102% vos 1004 3314 19 19 28 103 107% 1074 12 9% 905 6134 804 106% 2% u 100 100 101 61 10434 1023 6 7834 963§ 98 928 93 10635 1063§ 10636 10534 10634 10834 1073 1074 10734 . 108% 108% 108% 104% 103% 103% 1014 rebk 1004 Me CRR gn 44 8'60A Man S1st 734842 ctfs Marion St Shov 65 '47_ Market St Ry 78'40 A_ Mead Co 68°45 Mich Cent 4%8 'l’._._ Mil El R&L b8 61 MIER&SLrf 68’71 Mil Spa & N W - Minn & SLrf4s '49_ Minn & St L 68'34 ctfs, MStP&SSMcn 48’ MStP&SSM cn 58 MStP&SSM bs 'l! std. MOK&T4s'62B___.. MOoK&T ¢% MOK&TBI'B!A_._ MoK & T adf 6867 . | Mo Pac 48°76 Mo Pac 6878 G. Mo Pac 68 ‘81 1 Mo Pac 5881 I ctfs Mo Pac 5%8°49 A Mob & Ohio Mohawk & M 4s "9 Monong Pub 8 4% Monong Ry 18t 45 '60 . Montana Pwr 3% s '66. Mor&Essex 3% s 2000 Morris&Essex 68 ‘65 _ Nassau Elec 4851 gtd. Natl Dalry 3% &51ww. Natl DisPC 4%s'45__. Natl Steel 48656 New E T&T 4%s'61 New E T&T 15t 68°62_ New Jer P&L 4%s 60_ New Orl PS 63 62 A__ New Orl P8 6856 B _ New Orl Ter 1st 48 '63. New OrIT&M 4% s ‘56 _ New OrlT&M incbs’35. New Orl T&M 65’61 B New Orl T&M 68 56 C_ New Orl T&M 5%s '54. NY Central $%s 46 ___ NY Cent 48 42 __ NY Cent con 4s°98 NY Centrf ll/.lt(’ll!“ NYCrf4%s2013n. NY Cent rf 682013 ___. Y Centcv 68 44 2 Y Cent cv 65’44 reg_. NY C L. Sh 314898 C Mich C3%s 5! NY m&smuu NYC&St L 43878 NYC&St L 6%s NY Chi & St L 6838 _ NY Conn 18t 43863 __ NY Dock 18t 4861 __. NY Dock 5s 38 NY Edison 3% & 65 D_ NY Edisref 3% s 66 _ NY G El H&P 48 49 NY & Harl 3158 2000 NY L& W 1st 48 73 NY NH & H 834866 NY NH & H 48°55 _ NY NH & Hcl tr 68'40. NY NH&H4s'61 NY NH& Hev 65748 NY NH & H Cons Rys 48 54 NY O&W gen 4s55_ NY O&W ref 48 92 NYQueens con3 & Rich G 6551 NY S&W Ter 5843 NY Tel zen 4% 39 NY Tr RK 6346 stp NY W & B4ls 46 Norf So 1st 58 *41 Norf & W 1st 4596 Norf So 1st ref 65 61 _. Norf S 1st rf58'61 cfs_ Vorth Am Ed 6a 69 C North Am Ed 5% *63 Nor'n Pac gen 3s 2047 or'n Pac 48'97 __ Nor'n Pac 448 2047 _ North Pac 55 2047 C Nor'n Pac 65 2047 D. North Pac 6s 2047 Ogden L C 48°43 _ Ohio Edison 4865 ___ Oreg Sh Line 65 46 Oreg Sh L bs '46 gtd Oreg W RR 45 61 Pac Gas & E131,5'66_ PacG& E3%8’61 ___ PacG & E 48 64 Pac T&T rf 3% = "66 B. Pac T&T %366 C Pan Am PC 68'40 ctfs_ Para Broadway 38 ‘55 Paramount Pic 6 Penn Co 45 63 Penn Dixie C 6841 Penn O & D 4%s8°'77 Penn P&L 4%s 81 Penna R R34 s w.i. Penn RR3%s 70C __ Perin RR con 4s 48 Penn RR 4%s 81 D Penn RR 4%s8'84 ___ Penn RR gn 4%8°6! Penn RR deb 4%4s 70 Penn RR gen 68 °68___ Penn Glass & S '60 People GL&C rf 68°47. People G L&C 6€s°43 Peoria & B inc 4890 Pere Marq 4%s '80 Pere Marq 1st 68 56 ._ Phila Co bs 67 Phila Elec Co 4% s’ 67- Paila & R C&J 6873 _ Phila & R C&I] 6s 49__ Philippine Ry 4s 37 Pillsbury F1 M 65 '43_. PCC&St L 4%5'40 A_. PCC&St L 4557 G PCC&St L 4%s8°77C_. PCC&St L 6370 A PCC&StL 68’15 B Port Gen E] 4%s - Part GE1st5s'35-50ex_ Porto Rico A T 68°42_ Postal Tel & C 6853 __ Pure Ol 4% 860 xw__ Purity Raking 68748 _ Pure Of1 418 60 ww_. R-K-O 67 €1__ Reading Jer C 48°51 __ Reading R 4%8°97 A_ Reading R 4%s8'97 B_. Rem-Rand 4% s'66ww Republic St 43550 . Republic Stl 434 s 66 Republic Stl 4%s 61 Republic Stl 63s ‘64 Revere Cop 4%s 56 Richfleld O 68’44 ctfs RG W 1stex in 48’39 Saguenay Pw4 % =66 _ St L IM&S R&G 48'33_ St L-S Fran 4s ‘60A St L-S F 48 '50 A ctfs. St L-S Fran 4%s 78 _ St L-SF ¢%#'78 cf St L-SFranbs'60 B _ St L S W 1st ter 65’52 StPKCSL4%s 41 St P M&M ex 4s°3' St P M&M ext 68°43__ Schulco 63846 A ____ Schulco 6%s'46 A stp Schulco 6%s 46 B stp_ Seabd A L ref 48°59 __. Seabd A L adj 65 °49_.. Seabd A L 6845 A _ Seabd A L 68 45 ctf: Seabd A-F1 6835 A ct_. Shell Un deb 3% s '51_. Silesian Am 78°41._ Skelly Ofl 48 °61 Socony Vac 3%s ‘50 South Bell T&T 65 "41. Southn Cal Gas 4s'65 Southn Cal Gas 4% '61 80 Colo Pwr 6547 A__ South Nat G 4%#'51_ SoPac3%s 46 ____. So Pac col 48°49 . So Pacref 4865 . So Pac ¢%s 68 _ So Pac 4%8’69._. So Pac 43%s 81. So Pac Oreg 4% So Pac 8 F Ter 48 °60_.. So Ry gen 4#'66 A. So Ry 6894 _ So Ry gen 68 EC..._. 80 Ry 6348 66 Southw'n G&E 48 '60_. Stand Oil N J 3s°61_. Studebaker cv 68 '45. Swift & Co 3% 8’50 8ymgn G&G ‘66 xw_.. Tenn C&C 68 44 B __. Tenn Bl Pw 7 Ao Term AsSt L 48°63___ ‘Texarkana 6%s ‘50 Texas & Pac 68 °'79C _ ‘Tex & Pac 1st 58 2000 Tex & P MPT 5%s'64- . 102)4 10234 STOCK EXCHAN GE um lm um % % 1 97 91 N 1023 1023 102 10634 106 105 10436 10434 10436 1083 10835 10834 108% 108 108 “w © 65§ 17 28 283 293 22% 87% 263 88)4 0 % 8814 (0 208 a« ay a2l @y 2% 1% 2 913 1023 108% 9%y 20 993 58 104 106 104 18 119% 1061 984 8% 9% (135 51 B9Y 59 9134 106% 108% Y 94k 90 90 993 9% 581 @68 1045 104 108 106 104% 104 118% 118 1193 119% 10635 106 104 38 16 2754 107 108 109 1087 116 02! 10334 10814 1083 10834 1083 108 19y 119 11934 lu* 108% 108% MARCH 31, 1937, FINANCIA L. kg A—15 .[COPPER FUTURES ORE ADVANCES Rise Follows New Boost in Spot Quotations to 17- Cent Level. BY the Associated Press. NEW YORK, March 31.—Copper futures opened in the New York Com- modity Exchange higher by from 0.31 of a cent to 0.34 of a cent today following the advance of 3 of a cent in the price of the metal for immediate delivery an- nounced by leading producers late yesterday and today. The new spot price of 17 cents & pound i the highest since March, 1930. Lack of domestic supplies for quick delivery was the reason most generally given for the rise. Other commodities continued to ad- vance in early dealings today. Cotton futures, which rose sensationally yes- terday, opened from 15 cents a bale lower to 55 cents higher for the more distant options. Rubber futures were 0.7 of a cent to 0.14 of a cent & pound higher. In both cases foreign, trade and Wall Street buying was in evidence. Rub- ber, cotton, wheat and non-ferrous metal futures were up in the English markets today. The rise in domestic spot copper yesterday, announced after the close of the commodity exchange by one pro- ducer, came as a surprise to the trade, where lower prices were thought likely in the face of sharply increasing out- put and a recent lag in foreign buying. The advance was followed later in the day by two other producers and by this morning all had raised their quotations. Copper fabricators also repriced to meet the higher new mate- rial cost. Washington Produce. BUTTER—? score, 1-pound prints. 40; Ya-pound prints 41; tub. 39. 00 score, 1- pound prints. 39: Y-pound prints. 40; tub, Mm\m ~Chotce beef, veal ham. 33 4 LIVE STOCK —Pigs. Kaf: light hogs. 91 & 03, medium hogs. 10: heavy hogs. 81, 934 "roughs, (a8, calves, 6al0: iambs, 8a10. Prices paid shippers. net f Wash- ington. = By the United States Buresu of Agricuitural Economics EGGS-—Market nervous and unsettled. U. 8. Government graded extras large. 14 gent lower. Nearby ungraded eggs mostly Ja cent lower. Current jfeceipty. 21821} hennery whites. few at Government eraded and d'\u-d whl(! el inet prices paid shippers Wi ton) extras. large, extras, ‘mediums. 22%z; large 2315 LIVE _POULTRY_—Market steady, Powl. colored. heavy. horns " 13al4. Chickens crosses. all sizes. mos i 231 Leghorns. 134 to 2021, Old_guineas, keys, old hens. o Wi "A i ceq “bacon. compound. 13'3: lard aoved hane slab bacon. 28; U8 standards, _ generally t v pounds and up. <5830 each Tur- 16a1: old toms, 15. Fruits and Vegetables. Sales in large lots by original receivers up to R am. to APPLES -No carlot arrivals: one un- broken car on track. Supplies moderate demand moderate: market Bushel baskets. U . 2g-inch 1408150 25 ineh minimum 23,-inch_minimum, 1 York: te-inch minimum, ' 1 ;nu 0% 215- ineh “minimum, 16581 1,7 Wi oy ity _minimum. nimum, 2 001 1iinch ‘mingmum, 1.60a1.65; inch 215-inch L5 eh’ minfmum: minimum, 00; yS, nch minimum. 1. 24a-inch xmmmum 081.65; 1,581 2%- »mth “miniimurn. T408] 5 minimum, 1.3 Sl 1.60a1.65:" 2%- Romes, 2¥-inch 4-inch min{mum. Biack Twigs. 1.40: 2%-inch mlnlmum ineh minimum, 1.6581.7 minimum. 1.5a1.40 1.60a1.65 licious, ~ 2%-inch 21;-inch “minimu; minimum, 50 214-inch ‘minimum mum, 1.90a2.00: 234 Boxes: Maryiand. Pennsylvania and Vir- ginia, combination extra_fancy and fancy, ize —Stavmans. 1.7582.25: Deliclous. 0 Paragons. 1.0 ze —Staymans, b minimum: minimum, -fnch Delicious. i2-inch mini- liS0h. mintmmum, 5.55 C grade. as t Delicious. 1,508 and West Staymans. 17582 u Lowrys. ledfn Delicious, 2 PARAGUS—No_carlot arrivals: no Supplies moderate; demand steady. South Carolin dozen ' bunches: Colo )0 ey 50-5.00; chotce, 2.00- ABBAGE—One South Carolina rived “twe broken' and one unbroken o on track. ~Supplies moderate; demand lilght: market slightly weaker. 1%a-bushel hampers, domestic round tvpe: TFilorida, 1.00. South Carolina. 1a-bushel ham- pers. pointed type. 90-1.00; few higher. Bew rk 50-pound sacks Danish type, 1:66a2.00: cate on track light: market pyramid crates RAILROADS EARN $76,795,318 PROFIT Two-Month Total Compares With $69,290,873 for Same 1936 Period. BY the Associated Press. The Association of American Rail- roads reported today class 1 earriers had a net operating income of $76,- 795,318 in the first two months of 1937, equivalent to an annual return of 2.56 per cent on property invest- ments. This figure compared with a net of $69,290,873, or 2.31 per cent, in the comparable period of 1936. Gross operating revenues for the first two months this year totaled $653,611,402, compared with $599,488,- 651 for 1936, an increase of 9 per cent. Operating expenses for the same period amounted to $497, 810,612, com- pared with $467,616,505, an increase of 65 per cent. S — High Low. 2:55. 615 61% 874 38y 374 314 108 108 108 118 112 112K 18 118 118 98y 96 96 961 9534 9534 _ 1114 11004 1103 10635 106 106 100% 1005 10034 106% 1053 1063 10035 10034 10035 102% 101% 102} 61 61 61% 62 61y 62 10634 106 10635 4% 434 305 293¢ ‘293 1073 1073 107% wz% 102% 102% 9% 9 am ay uyq 4“0 tfl( 2% fl“ 106% 108% 1 ;( 833 883 96%% 964 m 9654 9614 Vig 613 60% bl 72 104 12 1043 1088 10435 983 93)s 933 102% 10134 102 107107 107 31% 31 &1 363 36} 863 105 104% 106 10234 1028 10256 106 104% 1043 106 Third Av ref ¢s°'60 Third A ad in ex 68’66 Tol & Ohio C 3% s 60 Un Ofl of Cal 3%s 52 Un Ofl Calif 68 42 A Union Pac 3%8 70 Un Pac 3%8°71 _. Un Pac 18t 48°4' Un Pac 1st rf 48 2008 United Drug 68°58 U S Rubber 58°47 UtahL&T 5-'« (A)- Utl1 P &L 58 59 ". - Ul P& L 5%8 47 Vanadium cv 6841 V Cz&P1st ¢%8°3¢ Ver Sug 18t 1542 ct! VaE &P 1st ref 48'65. VaRy 1st 3%8’66 A ‘Wabash 63%8°76 Walker H&S 4%8°¢5 Walworth 4865 Walworth 63 °56 n_ Warner Bros cv 68°39. West'n Md 1st ¢5°62. West'n Md 6%s 'l‘l‘ Wheel Steel 4348°53 _ W SpStl1st 78’35 ct. W Sp Stl con 7836 ct. Wilson & Co ¢ 66 Wis Cent 18t gn 4849 Y'ngstnS&T 3%8 ‘61 Y'ngstn S&T ¢8°61.-. 21% 2T 2TH 1683 162 15235 100% 1003 1003 Baltimore Phone Revenues Above 1936 in February BY the Associated Press. BALTIMORE, March 31.—The Ches- apeake & Potomac Telephone Co. re- ported to the Public Service Commis- slon today that its operating revenues in Pebruary totaled $1,180,109. This was & $72,087 increase over the same month in 1936. ‘The operating expenses during last month amounted to $756,336 and taxes to $167,296. The total operating ex- penses of $923,632, including taxes, were $57,184 more than in February last year. Net income for the month was $256,477. The number of telephones in op- eration on February 28 was 234,028, an increase of 19,180 over that of FPebruary 19, 1936. Telephone users made approximately 27,750,000 calls, an increase of 3.3 per cent over the year before. e INVESTING COMPANIES NEW YORK, March 31 (#).—New York Becurity Dealers’ Association: (Noon quotations.) Admin Fd 2d Inc. Am Business Shrs Am Gen Eq Inc Am Ins Stocks_ Bancamer Blair Bank Group Shrs Bankers Nat Inv Corp_ Basic_Industry Broad ‘St Inv Bullock Fund Corporate Trust _ Corporate Trust "AA__. Corp Tr AA mod_ _ Corp Tr Accum Ser_ _ Corp Tr Acc Mod Cumulative Depos Ins Shrs Depos Ins Shrs Diversified Tr C Dividend Shrs, Equity Corp $3 pf Fidelity “Fund Inc Pirst Boston Corp Fixed Trust Sh A Fixed Trust 5b Found Tr Sh A Fund Investors Inc Gen Investors Tr Sec Agricuiture__" Sec ‘Automobile Sec Building Sec Chemical Sec Food Sec Invest Shrs 8ec Merchandise Sec Mining Bec Petroleu R R Eaul S5¢ Bte Sec T ubmn ing Incorp Investors Insurance Group Shrs_ Maryland Pund _ Mass Inyest Tr __ Mutua] Invest = Nation Wide Sec Nation Wide Votink _ N Y Bk Tr s Nor ‘Ar Tr Sh Nor Am Tr 8h 1958 Plymouth Fund Inc Quarterly Income SK Selected Am Sh Selected Am Sh Inc_ Selected Cumul Sh Selected Income Sh Spencer Trask_Fui Stand uper cf Am Tr D Supervised Sh Trusteed Am BK “B Trusteed Industry Shrs__ Wellington Fun OFFICE EQUIPMENT WE SELL, BUY OR EXCHANGE Desks Steel Files Tables Steel Cabinets Chairs Safes BAUM’S FURNITURE HOUSE 1416 Eye Bt. N.W. NA. 2184 Office Space For Rent 1,300 square feet of exception- ally desirable front space n modern elevator building in heart of business and financial district. Apply Wm. J. Flather, Jr. 1508 H St. N.W. Na. 1753 If You Need INSURANCE We are in a position to handle all of your insurance matters in a careful, economical and personal manner. No matter what kind of protection you are seeking, we will be glad to serve you. Only, may we suggest the folly of delaying action? J. Blaise de Sibour and Company INSURANCE BROKERS 1700 Eye St. N.W. NAtl, 4673 5% INTEREST CONSTRUCTION LOANS AND STRAIGHT 3-yr. LOANS Prompt Action on Applications Real Estate Mortgage & Guaranty Corporation 1610 K St. N.W. NAtL 1403 BEFORE YOU MORTGAGE or refinance your home or business property LOOK into our plan that offers you a loan, repayable by convenientmonthlypay- . ments, which, in addition to saving you commissions and rencwal charges, also gives you a share in the profits of this Association: NORTHERN LIBERTY BUILDING ASSOCIATION 511 SEVENTH STREET, N. W. Established 46 years 'MEMBER OF FEDERAL HOME LOAN BANK SYSTEM D. C. BUILDING AND LOAN LEAGUE U. S BUILDING AND LOAN LEAGUE UNION BAG NETS PROFIT OF 387,39 1936 Total Compares With $223,458 Recorded in Previous Year. B the Associated Press. NEW YORK, March 31.—Union Bag & Paper Corp. in its report for 1936 showed net profits of $387,391, equal to $1.48 a share of capital stock. Alexander Calder, president, in a supplementary statement said the cor- sharply in the last half of the year that the annual statement did not earnings. For 1935 the corporation reported net profits of $223,458, equal to $1.14 & share of capital stock. Electric Power & Light. Electric Power & Light Corp., affili- ate of Electric Bond & Share Co., with operating subsidiaries chiefly in the South, reported for 1936 income from subsidiaries totaling $1792,042, com- pared with $1,687,453 in 1935. interest and other deductions there of $195,787 the preceding year. Net equity in the income of sub- | sidiaries was recorded at $9,544,081, compared with $2,792,766 in 1935 The company noted, however, that more than 72 per cent of the equity | represents accruals from United Gas Corp. and its operating units, no part of which was actually received. Most of these earnings, it was pointed out, were needed for development United Gas units. United Gas Corp. United Gas, which has been active in Louisiana fields, reported income from subsidiaries totaling $6,015,186, against $5,020,345 in 1935. The bal- ance, after expenses and interest, was $3,284,308, against $1,962,340 the pre- vious year. Net equity of United Gas 653,284 from $7,998,953. Pan-American Petroleum. Pan-American Petroleum & Trans- port Co. reported for 1936 net profit of $2463.259, equal to 52 cents a " | share on capital stock, compared with | $490,549, or 10 cents & shflre in 1935, FIRST THUST LOANS Reasonable Rates and Commissions Tyler & Rutherford, Inc. 1512 L Street NW National 0475 Loan Correspondent Mutual Benefit Life Insurance Ce. PRINTING . Letterpress Offset Rapid, efficient serv- ice that is fully guaranteed from one of the largest print- ing plants in the East. National Capital Press 3rd & N NE. Lin. 6060 | Day o' ng"' Free gstimotes Amortlzed 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. RTIT | - First Mortgage Money LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia 5% Prompt Action B. F. SAUL CO. 925 15th Street Natl. 2100 AND TRU poration’s profit position improved s0 | give an accurate picture of current | After | was a loss of $3,126, against a deficit | ReAL ESTATE LOANS on Improved Property Monthly Payments or Straight 3 year Loans AT 5 % INTEREST Consult Real Estate Department AMERICAN SECURITY Main Office FIFTEENTH STREET AND PENNSYLVANIA AVENUE ELECTRIC POWER OUTPUT DECLINES Weekly Volume Remains 18.1 Per Cent Larger Than Year Ago. EY the Associated Press. NEW YORK, March 31.—The Edison Electric Institute today reported elec- tric power production in the week ended March 27 was 2,200,143,000 kilo- watt hours, a decline of 0.5 of 1 per cent from output of 2,211,052,000 kilowatt of 1,862,387,000 kilowatt hours in the same week last year. was less than seasonably expected. The Associated Press index of power pro- duction for the same week advanced to a new 1937 high at 119.5 from 118.7 in the preceding week. A year ago, the index, which is adjusted for seasonal and long-term trend, stood at 102.6. | The range for recent years follows: 1937 1036 1035 1034 16 Hign 1185 1188 1( 4 211636 1020 6 Thr‘ institute major geographic regions of the coun- [ try turned in a substantial gain over a | year ago. Percentage increases follow New England, 18.9; Middle Atlanti | 13.2; Central Industrial, 244; West Central, 11.4; Southern States, 18.3 Mountain, 31.5, and Pacifl 3.8 Enroll for Classes Starting April 1 FRENCH amous Conversational Berlitz TH[ BERLIT. OF LAN Conn A\ NAttonal 0 Travelers' Course in income of subsidiaries rose to $13,- | Can _show vou S18,500 equity in 13-unit house, just off 16th Street on request. Call, write, or Stanton T. Kolb J. Leo Kolb, Inc. Wisconsin Ave. West 0002 return on apartment Statement see || 1237 Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGE 1. BORGER 643 Indiana Ave. N.W. Nat’l 0350 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. DlIst. 1015 i | First Mortcace Loans | District ot Columbic— Nearby Maryland— and Virginia— Homes Apartments Business O Properties l‘ Terms from 3 to 15 Years Loans | Also Monthiy Payment Randall H. Hagner & Co w MORTGAGE LOAN CORRESPONDENT New York Lite Insurance Co. 1321 Conn. Ave. N.W DE. SGDO:‘ MORTGAGE FUNDS Lowest Interest Rates Construction Loans 3 to 5 Years Straight Loans Long Term Amortized Loans ° Consult Us We have saved money for others in solving their mortgage problems. E. Quincy Smith, Inc. Arthur C. Houghton, President Mortgage Loan Correspondent THE PENN MUTUAL LIFE INSURANCE CO. 909 15th St. N.W. DL 9057 ST COMPANY Branch Offices 7th and Mass. Ave., N. W. Eighth and H Sts,, N. E. Seventh and E St., S. W. 1140 Fiftcenth St., N. W. MEMBER FEDERAL DEPOSIT INSURANCE CORP. MEMBER FEDERA L RESERVE SYSTEM report showed most all * | hours in the preceding week, but a - gain of 18.1 per cent over production < The decline from the preceding week -