Evening Star Newspaper, April 20, 1937, Page 17

HKINANCILA L. THE EVEN ING STAR, WASHINGTON, D. C., TUESDAY, APRIL 20, 1937. FINANC CIAL. RAILROAD BONDS SCORE ADVANCES Other Recent Favorites Also Gain—~Federal Issues Down. Bond Averages Spiia0. 10 110 Rails. Indust. Util. F'sn. +.1Unc. Unc. Unc. 9451028 99.7 T1.6 9441028 99.7 716 94.3103.1 998 722 91.6102.5101.4 69.7 99.01044102.8 74.7 9291024 994 708 98.2104.4103.1 73.0 86.9101.8 99.3 67.6 458 400 646 422 thh,. 101.1 98.9102.9100.5 10 Low-Yield Bonds. Noon ...-108.9 Prev. day. 108.7 Month ago 1089 Year ago-111.7 1937 high_ 113.7 1937 low__ 108.4 1936 high. 113.5 1936 low.. 110.2 1928 high. 104.4 1932 low_. 86.8 Net change. Today, noon Prev. day___ Month ago. Year ago.._ 1937 high__ 1937 low... 1936 high_. 1936 1932 1928 (Compiled by the Associated Press.) By the Associated Press. NEW YORK, April 20—Rail liens and some other recent favorites in the bond market edged higher today in | elatively slow trading. United States Governments were not so well sup- ported and some Treasurys were down as much as 10- of a point shortly after the opening. The market for the Federals was ob- viously in a waiting mood in connec- tion with the President’s budget mes- sage, although financial and invest- ment circles believed the major re- quirements had been well set forth in the President’s overnight prelimi- nary outline. For the further moderate advance achieved by a number of the carrier loans, trading circles advanced the opinion that buyers were counting on an uninterrupted rise in revenues this year, and on a satisfactory ad- | justment of wage questions now be- | fore rail managements. Gains ranged up to a point in Great Northern 4s, Baltimore & Ohio s, St. Paul 5s, Chicago & Northwestern 4%s, Erie 5s, M. K. T. 5s. Missouri Pacific 5s, Nickel Plate 4'.s, Nort .ern Pacific 4s, “Frisco” 4':s and Southern Pacific 4! Washington Echxange SALES. Capital Transit Co —10 at 13!5; 10 at 13, 10 at 13, 10 at 13, 10 at 13, 10 at13,2at 13 Potomac Electric at 112 Potomac Electric Power 5'% 10 at 112, 10 at 112, Washington Rwy. 1081, Power 67, pfd.—10 5 pfd— 5 at 1113, & Elec. ptd—4 at AFTER CALL. Capital Traction 5s—8$500 at $1,000 at 931, $1,000 at 93'2, $1,000 at 93!5, $1,000 at 93!, $1,000 at 9315, $1,000 at 9315, $1,600 at 93! $1,000 at 93 $1,000 at 93 at 931z 2, $1,000 Arerican Security & Trust Co.-—8 at | 298. ‘Real Estate Mtge. & Guar. pfd.—100 at 514 BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Tel 4! Anacostia & Pot. 5y Asked. 5 & Elec. 4s 1._Cou T e % STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (4) Capital Transit Co N. & W. Steamboat (8) Pm. 0. Gas Lt 6% Df. Wash. Wash. Ry. & v Wash. Ry. & Elec. pfd. BANK AND TRUST COMP; Amer. Sec. & Trust Co._(e8) 2 Bank of Bethesda (h.75) Capital (1) Com. & Savings (10)_ Liberty (4) Lincoln (16 atl, Savings & Trust Pr. Georges Bk. & Tr. iggs (eS) Eiges ptd. (6) ashinston Wash. Loan & Tr. (e8) FIRE INSURANCE - 110 ElecPow (6) & ) S0 (50) 1 American Torcoran remen’s (1.60 alonal Union (.60)" 15 TITLE INSURANCE. ,Columbia (.30)__ “Real Estate (6) MISCELLANEOUS. carpel Corp (2.00) ) Lanston Monotype (t4) Mergenthaler Lino. (2.00) Peoples Drug S. com. (11.00) Peoples Drug S, ptd. (3,50} Real Esi &G. pL. (**.70 Seaurity storage 15) 1 Ter. Ref. & Wh. Corp, (3) Wdwd. & Loth. com. (11.50) Wdwd. & Loth. pfd. (7) 1 *Ex. dividend. 1Plus extra. e pmd June 30. 1036: 45c paid NEW YORK BANK STOCKS NEW YORK, April 20 () —Over-the- counter market bank & trust companies. (Opening bid and asked prices) Bk of Man (1%a).- Qhase (140) Sotmaroial (B) Firat National (1000 Priblic (112) . Bankers (2) Bklyn Trust (4)° Central Hanover (4) Chemical (1.80) _ Oontinental (.80) Gorn Exchange (3) Empire (1 Subraaty . (12) Trving (.60) "~ Lawyers ' Trust Manufacturers, (2) Trust (5)° - Rele GUitanty & Trust FEDERAL LAND BANKS YORK. April 20 (P).—Federal La78 Bank bonds: Bid, Asked. 4%s Nov., 103% 104% 4ias Mav! 10 1083, 101% 1003 1003 27 100% TU. S. TREASURY POSITION. By the Associated Pfess. easury April 17 expenditure: “including 269,751,160.07 0f emergency expendi- ‘extfls of l-xncndltur%slg RUBBER FUTURES. NEW YOR.K A1, 20 (< Crude rub- ber futur 48 lowe) a8 Semem: 9312, | BONDS ON By private wire direct to The Star. TREASURY. High, Low. 2:55. 91,27 9716 97.22 101.25 101,22 101.22 100.6 100.6 100.6 99,31 99,22 99.31 99.50 99.18 99.21 100.30 100.21 100,26 100.28 100.21 100.21 108,10 108,10 103.10 102.22 102,16 102.20 104. 108.25 108.26 103.28 103.28 108,28 1056.26 106,24 106,26 108.10 106.2 105.6 105, 106. 105, 106.22 106.17 106.17 106.27 106,24 105.24 105.20 10520 105.20 108.5 1088 108.8 1106 1106 110.6 4148-3% 194345 10612 106.10 105,10 %8 1947-52 114.25 114.20 114.25 FEDERAL FARM MORTGAGE. 100.20 100,20 100,20 102.2 102, 102, 101.28 101.22 101.28 HOME OWNERS' LOAN. 99.28 99.12 99.18 100. 99.27 99.29 101.10 101.6 101.9 FOREIGN BONDS. High. Low. 10414 1045 9744 288 1948-51 285 195164 mmme 2%5 1956-59 2%s 1960-60 2% 8195560 TeR . 381946-48 38 1951-65 8149 1646-49__. 3148 1949-52__. 3%8 1941 348 1944-46 3148 1944-46 Tog 3%s 1940-43June 388 1941-43 Mar. 3%51943-47 338 1946-56 45 1944-64__ 2:58, 1043 974 15% 16 15 15 983 1007% 10134 100% 1013 1023 10134 i 1013 101 1023 1014 053 Abitibi Pa&Pw b Akershus 6s ‘63 Antioquia 7s 45 D __ Antioguia 1st 7857 ._ Antioquia 2d 7’57 new Antloguia 3d 78 '57 Argentine 414871 Argentine [ 34s 62 Argentine 68 57 A. Argentine 68’58 B Argentine 6s ‘59 Oct Argentine 68 '60 May . Argentine 68 '60 Sept_ Argentine 6s ‘60 Oct__ Argentine 6s ‘61 Febr. Argentine 6361 May._. Australia 4348 '56_. Australia 6s°55_ Belgium 78 ‘66 Berlin 6s 58 Berlin Elec 6%, Brazil 6148 2 (28 1023 1013 106%; 18 19 20% 40 40 g 6034 10034 Brazil 78’52 Brazil 8s 41 4%e-3%8"TT Py____ | Buenos A 4%5s'76 Aug | Bue Al 4348-4%5s'75 Buenos A C 6s 60 Oct Buenos A C 6345 '55_ | Bulzarta 715568 May coupon off.. Canada 48'60 Canada 6s ‘52 Chile 63’60 | Crte 6861 Jan | Chile 6s '61 Febr | Chile 65 61 Sept_. | Cntle 6s 63 _ Chile 75 '42 Chile Mtg Bk 65 '61_. Chile Mtg Bk 68 62 Chile Mte Bk 6%s ‘67 Cologne 6128°'50 . _ Colombia 6s 61 Jan_. Colombia 6s 61 Oct._ Col Mtg Bk 7s '46 Coverhagen 135 '53 Copenhagen fs 6 Cordoba 75 '57 stpd.- Cordoba 7s 42 Prv Cuba 58 04-'44_ Cuba 6548 46 Czechoslovakia 8s '52 | Denmark 438 62 Denmark 5%s ‘55 Denmark 6s 42 | Finlana 6s 45 |GerC Bk A 6573 Ger C Bk A 656 Ger Gov 5%s ‘65 8t Ger Rep 7s '49 stpd | Greek Gov 6868 _ Greek Gov 78 '64_ | Hattt 68 '52__ Italy 78°51____ Ital PUCrd 7s Japan 6%s ‘54 Kreug&Toll 5850 ets_ Low Austria 7%s'50 unmat coupon on___ Medelin 638 ‘54 Mex 45 '10-45 asst_ Mex 48°10- 45 asst sm._ | Milan 61362 | Montevideo 78 *52. | New So Wales 5s | New So Wales 6s ord Ry 6345 ‘50 ._ Norway 4863 Norway ‘is Norway 4158 ‘56 | Norway 6s 44 Norw Hy El 5%s '57_ | Oriental Dev 6s '53 Oslo 4% 65 Panama 5553 Pernambuco 78 ‘47 Sept coupon oft Peru 6s 61 Peru 75 '69 Poland 6s "40.. Poland 78 '47_ Porto Alegre 71566 July coupon off _. Porto Alegre ¥s ‘61 June coupon off_. Prussia 65°52__ Rhinelbe Un 78’46 Rhine W E1 P 65°53_. Rhine W El P 6s '55. Rio de Jan 6%s 53 AUug coupon off Rio Gr do Sul 68’68 June coupon off Rio Gr do Sul 75’66 May coupon oft Rio Grdo Sul 78’67 June coupon off_. Rome 61s'52 __ Rumania 7s'59 Aug coupon off__. Sao Paulo G6%s ‘67 May coupon off Sao Paulo C 88’5 coupon off - 8ao Paulo St 6% '68 July coupon off _. Sao Paulo St 7840 Sao Paulo St 78’56 Sept coupon off _ Serbs 7s'62 unm co__. Silesia Prov 7s'58_ Taiwan Elec 5% 71, Tokio E L Ltd 6s '53 Tyrol Hy Elec 7s '52 Ujigawa B P 78 45 _ Un Stl Wks 634851 A Un Stl Wk 61847 A__ Uruguay 6s 60, Uruguay 6s'64 Uruguay 8546 Vienna 6s'52 May co_ Westphal El Pw 63 '53 Yokohoma 6s 61 _ DOMESTIC BONDS. Adams Express 4s *48 1005 1003 Adams Exp 4%s8°'46__. 100 100 Alb Per W P 6548 ww. 66 66 Alb&Sus 335846 gtd_. mm 1023 Alleg Corp bs 44 Alleg Corp 6549 _ Alleg Corp 68 '50 stp__ Allted Stores 4% '50._ Allied Stores 438 '51_ Am & For Pw 5s 2030 ._. AmIGChb Am Ice cv b Am Intl 6%s '49_ Am Tel & Tel 8%a "61. Am Tel & Tel 33%s"66. AmT&T 4%s8'39_ AmT& T 5%s 43 Am Writ Paper 65'47_ Am Writ Pa 6s 47 cfs_ Anaconda deb 4% s '50 Anglo-Chil Nit 78 67 .. Ann A 18t ex in 48 95 Armour & Co ¢%s ‘39 Armour(Del)1st ¢5'65 Armour & Co Del 4s 67 Armstrong C'k 4s '50 A T&S Fe gen 4s 95 A T&S Fe adj 48 95 st Atlanta & Birm 48’33 Atl Coast L 18t 4s ‘52 Atl Coast L clt 48 '52_ AtlC Lun4% Atlantio & D 18t4s 48 Atlantic & D 24 4548 _ Bang & Aroos 48’51 . 106 104 104 Bang & Aroos 4s'51stp 110 110 110 B&O 18t 48 43 . 107 10634 107 B&O 4% % 17 T B&O 1stbs 11234 112)4 11234 Balto& Oref 58'95 A_ 885 88~ 88% B&OG6s 96 F_. 87% 8T 8% 614 7684 H0% 1013, 100 27 4 10614 nz 224 22 22 22 22 2175 19% 1934 1934 194y 82 1ueds 107y 42 824 3% 275, 80 85% 98 88 634 9 481 6% 953 83 98 15 61 6% 414 67 1021 10214 107y Ybly 10044 1024y 15% 6 614 % 67 10244 10245 1073 $91g 10044 103 106 103 9% 98 10634 102% 10214 1073 951 10014 103 106 106 103 103 1935 1834 95 98 - 106%5 10634 27 21% 23% 4815 63 26% 2134 234 4835 63 27 21% 283 8y 3 29 29 29 29% 20 26 2034 30 20 26 21 20 26 28 28 29 29 80 815 106% 1063 953 963 10634 10534 9814 98l 9835 973 1083 105 18 112y 8% 10 0% 708 10514 1047 8734 8744 70 6Bl 1024 102% oY 97 97 9614 104 108% 108% 10835 104 10¢ 835 8314 101% 10034 9874 98Y 95 5215 b21§ b2k By 2 4y |Ch1 & NW 41682037 C |CCCast Lirt 414877 F N. Y. STOCK EXCHANGE High. 811 98% 108 10834 9314 n7 95 102% 8635 293 9234 9934 9314 10644 1008 10614 8784 100% 86 68 628 1045 27% 110%% 111% 11 1144 116} B & O Toledo 4869 _ Bell T of Pa (s 48 B Beth Steel 83,866 Beth Steel 418 ‘60 Bos & Me 6867 _ Boston N Y A L 45 '55_ Bklyn C RR 6841 Bklyn Ed con 3% 8'66_. Bklyn Man T 4%8s 66 Bklyn Un EI 6s°60 Bklyn Un Gas 6s ‘50 Bklyn Un Gas fs'57 B Buff R&P con 4% '57 Euffalo R & P 58’37 __ Bush Term 1st 48°52__ Bush Term con §s ‘55 Bush Term Bldg 65 '60 Calif Packing 65 40__. Camag 78 42 ctfs Can'dian N R 43 Can'dian N R 435 '56. Can'dian N R 4%8°67_ Can’dian N 6569 July_ Can’dian N 65’69 Oct __ Can'dian N db 634s'48. 123% Can'dian P db 48 perp. 96 Can'dian Pac 414846 104 Can’dian Pac ¢% 101% Can’dian Pac 58'44 cfs. 111% Caro Cl & O bs 104 CaroCl&O 6 1 Cent Br U P 4s°48 34 Central Fdry cv 68’41, 109% Cent of Ga con 6s45__ 81% Centof Gabs'69C _. 214 Centof Garf5l%s's0 21l Central Il Lt 834566, 102% Cent [NE&G6s 61 102 Centof N J gen 6s°87. w4} Cent of NJ gn 6&'87rg_ 66 Cent Pac 1st rf 4549 Cent Pac 68 ‘60 Cent P Tr Sh 45 ‘54 Cent RR B Ga 68 '37 Cert’d deb 6155 ‘48 Chesap C cv bs 44 Chesap Corp 6847 Ches & O 3%s 96 D Ches & O3%s 96 B.__ Chi & Alt ref 3549 Chi B & Q gen 4558 ChiB& Q4%s'T1 _ Chi B& Qref 6371 __ Chi B&QI div 3% 549 _ Chi & E I11 63 *51 Chi & E 11158 51 ctfs ChiGL&C5s'37__ Chi Grt West 48 69 Chi Ind & Lou 4s '47 Chi Ind & So 4856 CMStP4s 89 CM&StP gn 418 '89 CM&StP 43,5 89 E___ CM&SP 4%s ‘89 CM&St P bs 76 CM&StP&P adj 652000 Chi & NW gen 45 87 Chi & NW 438 2037 100 - 121% 138% 9 96 67 108% 109 115 105 4034 40 1008 41y 3615 - 101 613 674 671y 6% 2% 113 a4 314 31 2035 a7y Chi & NW 4% s 49 = Chi & NW gen 6387 _ 197, 381y Chi R [&P rf 4s'34ctf_ Chi R I&P gen 4588 __ Chi R I&P 4%8°5 Chi R I&P 438" Chi R I&P 4%s 60 Chi T H&S 1st 6860 __ Chi T H&S Irc 6s°60 . Ch! Un Sta 3%s 63 E_ ChiUnStads'44 ____ Chi & W In con 4s'52_ Chl & W Ind 4% s '62__ Childs & Co 55 '43 CinG&E3%s'66 CCC&St L gen 4593 23 194 14 424 83 10414 10539 1033 1004 90 - 993 - 983 96y 18 105% St L g 41 B tLref5s 63 D St L ref 68°41 C Clev Un Tel 438 77 Clev Un Term 5s 7 Clev Un Ter 5% Colo Fuel & Ir. Colo & So 4155 '80 Columbia G & E deb 68°'52 April & Columbia G & E 58 ‘52 May Columbia G&E 5s Colum Ry P&L 4s '65_ Com Inv Tr 318’51 Cons Coal Del 65 '60__. ConsEd NY 33,846 n_ Cons Ed NY 3%8°56 n. 102% Cons Gas NY 4%s'51. 107% Consol Oi1 3%5°'61 ___ 10235 Consum Pwr4%s66__ 98 Ccnsum P un 3%s'65_ 101% Cons Pwr 3%8°7 101 Consum Pwr 3%s'65_. 104 Container deb bs '43__. 101 Container 6546 _ 103 Crane Co 338 '61_ 99 Cuba RR 18t 6s'52____ 65} Cuba Northn 618 42_ b4t Dayton P&L 3%s 60 . 103% Del & Hud ref 45°43 _. 913, Den & R G con 48 °36__ Den & R G 4158 '35 Den & R G W 6s ‘55 Den & RGW 6s'55 Den & R G ref 6 Des M&Ft D 48'35 ofs_ Det Edison 338 66 ___ 10335 Detroit Ed 4s'656 F __. 108 Det Edison 4%8'61 D_ 1124 Det Edison 5s ‘52 107% Duques Lt 4345 * . 104 Elec Auto Lite 48°52__ 10934 El Paso Nat G43%s'51_. 102 Erie gen 4596 8614 Erie ref 5867 8314 Erferef 63'75 __ 83 Erie Gen Riv 68’57___. 11744 Erfe & Jersey 6s '5! 117% Fairbks Morse 4s'56_. 101% Fed Lt & Trac 53 °42__. 10234 FlaEC Ry 4%8'59_ 78 Fla EC Ry 5874 15% Gen Am Inv ss ‘52 10134 Qen Cable 638 47____ 104% Gen Mot Acc 38 46 101% Gen Mot Ass 31 100 Ga & Ala 5545 _ 40 Ga Caro & Nor 65 '34__ a4% Goodrich 41856 4917 Goodrich 6345 __ 105% Goodyear T&R 5g 10434 Gt North'n Ry 3% s'67. 93% Great N Ry 48 46 G___ 134y Great NRy 48 46 H _ 108 Grt N R gen 44876 D 10234 Grt N Rgen 41487 E 10215 Grt NR gen 6873 C__ 10934 Grt NR6%s 52 B 175 Green Bay 5562 B 1234 Gulf M& N 6s'50 GulfStates St 41,61 _ Gulf States Ut 414546 Houston O11 6%s"40__ Hudson Coal 58 '62 Hud & Man inc 68 '57 Hud & Man ref s 5! 111 Cent col tr 4853 (11 Cent ref 4s'55_. I11 Cent 4% s 66 111 Cent ref 6s ‘65 ICC&StL N O4% s’ ICC&StL N O bz ‘62 Int RT 1strf 6866 1RT 18t rf 6366 ctfs IntR T 6s°32 Int R T 6s 32 ctf. IntR T 7s 32 Interlake 6s ‘61 Int Grt Nr6s 66 B___. Int Grt Nr 58°66 Cooec IntGrt Nr6s'62 A___. Int Grt Nr ad) 6s'52 A Int Hydro Elec 65 44— Int Mer Marine 68 *41_ Int Pap 1st 4TA_. Int Pap ref 6s ‘56 Int Ry Cent A 6345 '47.. Int T&T cv 4%s '39___ Int T&T ¢%s 52 Int T&T 6865 lowa Cent 1st&rf4s’'51. James F & C 4839 Jones&L St1 llAI’GIA. Kans C F S&M 4s'36__ Kan CFS&M rf4s'36ct. Kans C 8o 18t 3s 60 Kans City So ref 6s ‘50 Kan C Term 1st 48 "60. Keith 6346 - Kings Co E) 48 *49 Kresge Found 4845 Laciede Gas 68 "33 Laclede G 6%s ‘53 Lautaro Nitr 6s '64._. Leh C&N 4348 64 A Leh C&N 4%s 54 C__. Leh & NE RR 4s"65__ weh Val Coal 6874 ___ LV NY 4%s 40 gtd Leh V P con 48 2003 Leh V P con ¢%s 2003. Leh V RR con be 2003 Ligeg & Myers 68 '61_.. Loew's314s 46 _ Long Isl gen 48'38_. Long Isl ref 4849 Long Isld ref 4’49 sta 10635 1113y 1 67% 0. 10175 1023 . 1028 1053 - 100% 67% 108% as;( 853 €814 2% 8% 96 102 5934 B5%% 88 94 106% 9815 1025 104% 94y 6015 4034 119% 9814 10234 108} 108 10834” Low. 8134 98%4 98! 1023 10234 10334 10334 3% 934 17 17 94y 943 10236 10214 864 86%4 208 2914 923 923 99 9934 921 924 1054 106% 1009 100% 1064 106% 8734 8734 1004 100% 85 85 68 68 62850 628 10434 104 27ieT 110% 110%4 111% 111% 110% 110% 1143 11ab4 118} 11614 1284 95% 104 101% 1113 104 11t 8214 1093 31 21 20% 10234 102 3% 66 108 2:55 £y 88 1213 138% 96 953 F665 10834 109 1144 10474 393 39 1005 4674 361 1014 59 100% 4674 3614 10115 60 67 6744 68 3 67%% 813 1034 43 1 30% 20 47 6814 234 1944 38 22y 194 13%y 92 8214 10414 105 103% 1001 90 a1, 815 e, | NYC. | Ny NY G El H&P 4s 49 118 106% 1061 11135 83 67 101% 10234 1013 1043 100% 6754 10334 10214 1074 102 973 101} 10074 104 101 103 9874 654 bag 103} vliy 1003 6744 10334 1024 1075 10235 98 101% 1002 104 101 108 9374 | 85 | 54 1033 | yiY 103 108 123§ 1073 103% 1093 10135 843 83 823 11734 174 1018 1024 8 1534 10134 104} 10034 100 40 a4 9934 108 104% 9344 1813 10749 10284 102 10935 17 1214 10335 108 1124 107% 104 109% 102 863 834 83 1173 1173 1013 102 59 56% 874 94 106% 9814 1023 1043 Yy 6034 4uly 102 593 8534 88 9 106% 98141 1043 1043 94y 6034 1193 1195 984 10234 102% 1084 1083 108 108 | North am Co 53 61 High. Low. 2:55. 96 953 96 924 92 924 10634 1057 1084 974 914 914 104 108% 108% 107% 10735 10734 10934 10934 10935 1083 108% 108% 1083 103%; 108% 813 814 81% 7 10 10 404 39 40 87% 86 36 204 2034 9434 9 105 105 106 106 10 70 103 108 10314 10834 40 40 % 7% 2614 26 24% 24 1814 184 La & Ark 6s '69 - L & Nash 3%s 2003 L & N unif 4840 L &N 1st4s 2003 L &N 41852003 C.. L & N 68 2003 B - L &N Atl K&C 48’55 McCrory Stores 6861 McKess&Rob 6% 8'50 _ Me C RR gn 4348°60A _ Man S1st 7346°42 ctfs_ Manhat Ry 4s '90 . Manhat Ry 4890 ctfs_ Manhat R 2d 48 2013 __ Marion St Shov 6s 47 Mead Co 68 45 Mich Cent 3145 Mid RR N T 6s'40 Mil El R&L 68 '61 MIIBR&SLrf 6871 Mil Spa & N W 4s°47_ Minn & S L rf 4s '49 MStP&SSMen 4s'38 MStP&SSM cn 6838 MStP&SSM 6% s 49 Mo K & T 1st 48 '90_. 883 883 MoK & T6s"62 A____. 82} 82 MoK & T ad) 68'67 ... 70 70 Mo Pac 48'76 . 21 Mo Pac 5865 A _. “y Mo Pac 5877 F_ “y Mo Pac 6377 F ctfs a2 Mo Pac 8’78 G Mo Pac £s'78 G ctfs. Mo Pac 63’80 H_. Mo Fac bs '81 1 Mo Pac 53849 A__ Mohawk & M 4891 _. Mob & Ohio 4% s'77 Mob & Ohio 5538 Monong Pub S 414’80 Montana Pwr 3 45 93 993 104Y 10874 104% 86 1115 119% 108 974 7% 944 5544 673 6135 56 107% 9875 10134 9774 92 o2 984 12414 90 89 ssex 68 ‘55 _ Natl Dairy 3% s'61ww Natl DIsPC4%s'45 _ Natl Steel ¢s 65 Naugatuck 1st 485 3T&T 41%8°61__. New F2 T&T 1st 68°52_ New Jer P&L 4148 '60_ New Orl P S 6862 A New Orl PS68'65 B _ New Orl Ter 1st 48 ‘53 New OriT&M 4% '66 New Orl T&M 6s 61 B New Orl T&M 6148 ‘54 NOT&M 5% s'54A cfw NYCent3%s'52 wi_ NY Central 3%ms 97 NY Central 3% s *46 NY Cent con 4898 _, NY Cent rf 4148 2013 NYCrf4%s2018n__, NY Cent rf 68 2013 _ NY Cent cv 6s 44 _ NYCLSh3%s'98 __ NYC Mich C3%8'98__ N Y Chi & StL 45'46 _ NYCRSt L 4878 _ tL5%s T4 A NY Chi & St L fn"38 NY Dock 1st 48'51 __ NY Edisref 31,a'66 _ Zdison 3% & 65 D_ 1025 014 100% 10015 1001 63 63 9916 9914 9054 10014 100 10014 5 111 B 4l 4l 41 8114 463 50 NY NH & H 3%s H & H 4s " NY NH & H 4565 N 374 4 4 43 813 48y 5034 364 2215 8114 103 107 10884 1083 NY NH & H 4557 NY NH & H 43367 __ 364 2244 81y 10274 107 1088¢ 1063 173 10214 2814 2814 114 - Y 1033 1035 102 104 7514 1088 LA 103 11134 1021 1 11034 110% NY W& B 4% 46 Niag Falls P 31866 Norf So st ref 6s 61 Norf S Ist rf55'61 cfs Norf & W 1st 4506 North Am Ed 6s°57 A North Am Ed 55 ‘69 C North Am Ed 635 '63 Nor'n Pac gen 3s 2047 Nor'n Pac 48'07 2 Nor'n Pac 4%s 2047 North Pac §s 2047 C. North Pac 65 2047 Ohto Edison 48 '85 Ont Pwr Niag 6543 Ohio Pub Sve 7s '47 Oreg Sh L 5346 gtd_ 17 17 Orez W RR 4s '61 - 10434 1043 Pac Gas& E13%8'66. 965 9674 PacG & E3%s’61. 101 101 PacG & E 4564 1061 10814 Pac T&T 3%8'66 C__ 100 100% Paramount Pic 68 '55_ i 1003 1004 53 ctfs_ 48 48 Parmelee 6s 44 2% 124 10434 1043 § 1013 1013 1005 1003 1081 1051 107 10734 98% 99 108% 1051 106 1051 5 11845 1183 10815 109 1013 1013 11534 1154 93 93 20 20 9615 9634 98 98 104 104 118} 114 11834 118 R38%s 70C._ " RR 4%5'81 D.__ RR4Ys 84 RR con 4145 " 50 Penn RR gn 4 Penn RR deb 4 Penn RR gen ba ' Peoria & E 15t 43 '40_ Peoria & E inc 45 '90_ Pere Marq 1st 4866 Pere Marq 4% s '80 Pere Marq 1st 5s ‘56 __. Peonle GL&C rf 58'47_ People G L&C 6843 _ PhilaCobs 67 __ __. 104% 105 Phila & R C&1 68’73 _. 823 38y Phila & R C&1 6549 _. 163 16% Philiopine Ry 4s 37 263 26% Pillsbury F1 M 6s'43 % 1074 1074 PCC&St L 4%s"17 C_. 107 107 PCC&St L 65°70 A_. 11534 11534 PCC&St L 88 '75 B_ 115% 116 Port Gen El €85 631y Port G E 55 '35 106 106 Postal Tel & C 58 *53_ 3015 303 Pure Oil 438 ‘60 ww 121% 12835 Pure Ofl 418650 xw _ 104 104 Purity Raking 5848 98%4 9814 R-K-O 67 €1___ 123 123 Reading Jer C 48°51__ 9 99 Reading R 4597 A_ 107 107 Rem-R 5547 A ww_ 108% 10634 Republic Stl 4345 50 2 187 1903 Republic Stl 43s'66_. 98 9715 973 Republic St 4%8s 61__ 963 9734 Republic St 5%s ‘64 1214 1213 Richfield O1l 6s 44 661 66 R1A&L 18t 4358°34_ 28 23 Rio G W col 48 49 A_ 4635 47 Rutland Can 4s'49_ 25 25 Saguenay Pw43% s'66 _ 101% 101y StJo Ry L T&P 58 '37. St L [M&S R&G 48'33_ St LIM&SR&S4s'33ct StL P& NW 6s 48 St L-S Fran 43 ‘60A St L-S F 4850 A ct: St L-S Fran 4%s'78 __ St L-S F 4%#'78 cf st.. St L-S Fran 65 '60 B__. StLSW lst 4s'89 StLS Wgnrfbs'90__ St LS W 1st ter 68'53.. StPKCSL4%s 41__ St P M&M ext 6843 __ San A & A Pass 4843 _ San Diego CG&E4s’65 Seabd A L 4850 __ Seabd A L 4s°50 stp__. Seabd A L ref 4s ‘69 Seabd A Lirf 45'59 cfs. Seabd A Liad) 6s 49__ Seabd A L 6s 45 A _ Seabd A L 68 45 ctf Seabd A-F168'36 A ct_ Sharon Stlcv 4%s°61. Shell Un deb 8%s '61_. Skelly Oil 4s ‘51 Socony Vac 33 s'60 Southn Cal Gas 48°65.. South Nat G 4%s'61 _ Southn Cal Gas 4% "61 SoPac3%s 46 ._____ So Pac col 48 49 caee S0 Pac ref 4865 cceeen So Pac 4%s '68 SoPac4%8%69 oo So Pac 4%s 81. So Pac Oreg 4% SoPacSF T 4s'50 rg.. So Ry gen 45’56 A So Ry 68 '94 = So Ry gen 68 '66. So Ry 638’66 _ So Ry M & O 4838 So Ry St L div 4s'61.. S W Bell Tel 3%s 64.. Soutnhw’'n G&E 4s ‘60 Spokane Int 6s '55 Staley A E 4 Stand O11 N J Studebaker ov 68 '45. Swift & Co3%s'50 Tenn El Pw 6347 A-_. 3 102 1025 101 101 108 34y 8234 173 16% 12 213 213 1 10874 10824 oLl 91y 3§ 9134 9 sy 963 961 1073 1073 821 824 107 107 10234 102% 1043 105% 9% e 98K 98l4 10435 10434 10124 10174 32 32 10436 1043 953 961 18434 184 13434 105 10434 108 94 9T vIl4 10534 10534 10634 1013 10135 10135 120 11936 120 10234 1024 10215 rexas Corp 3%s°61 Tex & Pac 1st 68 2000 ‘Texas & Pac 68'77 B_. 10417 | 9934 99 | 1124 | USED CAR TOTAL REDUCED SHARPLY Shutdowns Give Dealers an Opportunity to Cut Supply. By the Associated Press. NEW YORK, April 20.—Automo- bile trade circles said today the used- car situation should prove no obstacle to sales of new motors this Spring. Several months ago the used-car supply was said to have occasioned some concern to dealers. Observers noted that apparently large numbers of second-hand motors had accumu- lated in and around major cities. Just how heavy these inventories were, the trade had no idea, inasmuch as comprehensive estimates for the Nation at large were unavailable. Motor men who keep in close touch with dealers currently report the total of new cars has been reduced mate- rially in the past few months. The reason for this, they say, was that production shut-downs by Gen- eral Motors and Chrysler gave dealers a chance to concentrate on clearing out numerous old motors which other- wise might now be an appreciable handicap to sales of new models. Inventories of old cars increased heavily in some sections last Fall, it was reported, owing to the eagerness with which dealrers went into the fleld with an eye on possible sales of new models this Spring. Following & practice common in the industry, they took the old units as down payments on the new. Sales of used cars normally follow the same seasonal pattern as new motors, advancing sharply to a top in April or May and then falling gradu- ally for the rest of the year. Washington Produce —_— BUTTER 02 score, 1-pound prints 37 Jtub. 36:°90 acore,” 1 Vs-pound prints, 37; Choice. beef. 18 16 amb. vork loin, 21% fresh ham . smoked ced “bacon, 33 slab bacon, pound. 1374: lard. 141, LIVE STOCK—Pigs, 9adls: ‘medium b 81,914 roughs Prices pnid sn calves 7] 287 R1,887, Digaha, 5izak: calves, light hogs, heavy hogs, 6810 pers—Net f.ob. Wash- on e United States Bureau of Suitura) Economics EGGS—Market on U raded eggs Ys cent lower Market bare- rer grades. Current re- 2 cents. hennery whites to is. Government graded ind dued 2 ohite exrs (nev pHices. paid shi Washington): U. 8. ex- 2 cents: U. B. extra: 20 cents: U. §. standards, 213, cents. LIVE POULTRY—Market rally steady. Receipts Fowl: Colored, heavy 3; Leghorns, 14 10 15 cents mM B 8. Government ; me- iarge, on_chickens moderately 18 to 19 Chickens, 21 to pounds 1'% cents each. Turkeys. s. old toms, 15 BANKS LIQUIDATE MORE U. 3. BONDS Reserve Members Reduce Holdings 63 Millions Further in Week. By the Associated Press. Federal Reserve member banks liquidated more Government securi- ties during the week ended April 14. ‘The Federal Reserve Board's state- ment of bank conditions in 101 cities showed that holdings of direct Fed- eral obligations dropped $63,000,000 to $8,457,000,000, while fully guaran- teed Government issues declined $6,- 000,000 to $1,183,000,000. The liquidation followed a $124- 000,000 upturn in holdings of direct obligations last week. During March reporting member banks sold more than $500,000,000 of Government se- curities. The statement listed a $56,000,000 increase in loans to commerce, agri- culture and industry, bringing the total to $4,463,000,000. This was $955,000,000 above the same week ast year. Reserves with Federal Reserve banks climbed $205,000,000 to 5, 381, 000,080, demand deposits rose $89,- 000,000 to $15,249,000,000 and time deposits fell off $11,000,000 to $5, 133,- 000,000. The board’s 101-city member bank condition statement gave the follow- ing summary of assets and liabilities on April 14, together with changes for the week and with the same week last year, in millions of dollars: 15, April Abr. 14, Apr. 7100 securities to others (except banks) =10 Acceptances and _ commercial paper bought Loans on real estate Loans to banks | Obligation fully guaranteed by U. Other anks oL | cash in vault Balances wit mestic bank Demand _depo; adjusted Time deposits Govt._denosits Titerbank D deposits Domestic banks Foreign banks - Borrowings REAL ESTATE LOANS RESIDENCE and 5% SMALL BUSINESS FRED T. NESBIT PROPERTIES. 1010 VERMONT AVE. DISTRICT 9392 Fruits and Vegetables. Sales in large lots by original receivers | Up (o R am today | APPLES—Two Washington arrived: one | brok two unbroken cars on track. | 8 moderate; | U.'s m. 1.75-1.85: :13-inc! scalded. all sizes minimym 17 1 Saded, Delicious, 2-inch > m | 1 m 1 us Yorks. -1 .85; 3 2la-inch’ m 23 nch miniinum. 555 utility.” 140-1.85. as to size towns.’ 2i4-inch minimy Pennsylvania, Virginia— size 1.60-1.75 Ps. 160 size. Gold size, 2.00- feceipts Light ght: market crates s 2 hite. 00: colossal fancy. 1.50- 00: choice. 1.50-1 CABBAGE—No broken cars on moderate. supplies modera erate; market steady bushel hampers receipts. packed 'ncnll) 85: few best, 1.00 CARROTS—One California arrived: one broken and two unbroken cars on track. Supplies moderate; demand moderate; market_steady. Texas, half-lettuce crates, 1 California, Western lettuce crates. rrivals Truck two pointed fair quality, 75- CAULIFLOWER—One California ar- rived: three broken and one unbroken car track. ~ Supplies moderate: demand ht; market steads. California, crates. X 90 CELERY—Two Florida arrived; four broken and two unbroken cars on track. Supplies moderate: demand light; market steady. Fiorida. individually washed, 16- inch crates. wire bound, and_10-inch crates, 3-8 dozen, 0;° few 2.25; 10 dozen.” 1.75-2.00; XX's, LETTUCE—Three Arizona arrived broken and five unbroken cars on tr Supplies liberal: demand moderate; m ket steady. _Arizona. Western crates, Ic berg type. 5 dozen, 2.75-3.00; few 3.25; poor condition. 2.00-2.50. ONIONS-——No carlot arrivals: one broken car on track. Supplies moderate; demand i market steady. Michigan and New 50-pound sacks. yellows, U. S. 35, mostly around ten York| SR PEAS—No carlot arrivals: one broken car on track. Supplies moderate; demand moderate: market steady. _ California, bushel hampers, Telephones, 3.25. High, Low. 2:58 108 102% 103 10234 10274 102% 6214 621 621 53 3 101 101 11134 L1135 116% 116% MY 94k 11034 1103 108%4 1044 105% 106 993 100 10634 1063 1083 1083¢ 68} B84 59 b9% 4 4% 2744 274 107 107% 60 60 max 1084 Texas & Pac 58'79 C_ Texas & Pac 5880 D__ Third Av ref ¢s 60 Third A ad in ex 58'66. Tol & Ohio C 3% 8°60_. Un Ofl of Cal 3%8s ‘52 Un Of] Calif 6s°42 A Un Pac3%s'71 - Un Pao 18t 4847 Un Paoc 1st rf 48 2008_. United Biscuit 55 '50 United Drug 6863, U S Rubber 6s '47__. Utah P& L 68 *44___. Utll P &L 58 69 ww-. Utll P& L 53%s 47 V Cz&Plst 4%s'34 ast Ver Sug 1st 7543 ctfs_ Va E& P 1st ref 48'55_ Va Ir C&C 18t 6849 _ Va Ry 1st 3% Va8 W con Wabash 414878 Wabash 434878 ctfs. Wabash 1st 6839 Wabash 2d 6 Wabash bs Wabash 6%s ‘75 Wabash Det & C 5s'41. Wabash Oma 3%s '4 Walker H&S 4% 8°45 Walworth 4855 Walworth 55 Warner Bros cv 68°89. Warner-Quin 6s ‘39 Warren Brcv 6s 41 Wash W P 1st 55 °39 Westchester L 5850 W 8h 1st 48 2061 gtd West'n Md 1st ¢ We. W PaP4s'61 H West'n Pac6s 46 A___ 86l 86y 86) West'n Pac6s 46 Aas 36 36 . 1063 108 10435 104 106 108 108 108 10634 106§ 1064 10644 10535 1083 11134 116% 9% 110% 10434 106 100% 1063 108% 883 (1% el 27% < mm 100 67 66 1083 1043 106 10634 107 1w ur 925 924 92y 10834 10834 103% 106 106 108 108% 108 108 108 West'n Un 6» 60 Wh & L E con 4 receipts | Amortized L(M.\NS for buying, bduilding or refinancing loans on your home, made under Federal Hous- ing Act, Title 2. This Bank Has Made Over $2,000,000.00 of These Loans SECURITY avings & Commercial BANK Two Convenient Branches: Sth & G 1518 K Sts. N.W. St. N.W. Member Federal Deposit Insurance Corporation 7\ VA Na 30% (88:89) CHICAGO PRODUCE. CHICAGO. April 20 (# —Poultry ltve, car. 36 trucks: steady; market un- creamery, spe- | )33l extras’ ( exira firsts (90-91), 293830 firs a;, stendaids, (b0 cemnl- 35.740. 2 o hoRed Anete, 23 el T. 5 shipments. 610 " Old stock: Supplies mod- erate; demand Iight. about steady, Sacked. wi. Idaho Russet Burbanks 3 78; 0. 2. practically 1) cufs and clipped “ends. 24 Colorado Red McClures. ton sacked. car 205 Buriap sacksd. 2 L-80; Malne Green Mountains. U. '8 No 2.26a2.3] Round Whites Minnesota car. 2.00: U. 8. No. 1."and | North ' Dakota oa | ns S, . 1.7081.75 Bitse: Termone il sraded North Dekots Cobblers NEW YORK PRODUCE. NEW YORK, April 20 (& .—Butter 18, barely “steady;, creamery. higher tra. 32V.-33:" extra (92 score) 313 firsts “(RR-O1 scores). 3034-31%; seconds '(X4-87 scores). 30-3012." Central- ized (90 score). 31Ve-13 Cheese, 270.170. steady; state whole milk flats, “fresh. fancy, 17; held. fancy 1936, 2275- Eggs. 6, upscitled; mixed colors, i special packs, 347, storage packed firsts 2215-3; mediums. 21} ‘duues ! i 21%-%2: average checks, 20! Live pouliry: by {reight weak. Chickens, Rocks. unauoted; other freight prices un- changed. NEW YORK BAR SILVER. NEW YORK, April 20 (#).—Bar silver easy, down 15 at 4 Money for Construction Loans and Loans on Improved Properties Prevailing Rates FIRST DEED OF TRUST ONLY GEORGEIL. BORGER 643 Indiana Ave. N.W. Nat’l 0350 pecialists First Mortgage Money For CONSTRUCTIO!} LOANS and 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 Plenty of money for BUILDING LOANS E sure your mortgage is set up on a long-term, low-interest basis—to save you money and peace of mind. Ample funds avail- able for acceptable mort- gage loans. Ask us today. WEAVER BROS ¢ REALTORS Mortgags Loan Correspmdont Wheeling & L E 48'66_ Wheel Steel 434863 . W Sp Stl 1st 7’36 ct. W Sp St con 7s ‘36 ot Wilkes B&E 1st 58 *42. Wilson & Co ¢8 65 _. Wis Cent 1st gn 4849, Wis C 1st gn és "9 et_. Wis C8&D Trmés'36.. 19)% 19 19 Y'ngstnS&T 814852 146 14034 145% Y'ngstn S&T 48°61___. 101 10034 101 99% 9814 99)4 @ 4234 89 B 10034 1003 1003 28 21 28 253 28 263 Matropelitan Lifs Inmrence Company WASHINGTON BUILDING for Business Records and Equipment OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Desks Steel Files ‘Tables Steel Cabinets Chairs Safes BAUM'S FURNITURE HOUSE 1416 Eye St. N.W. Phone NA. 2184 Safe Investments First mortgage notes, 6% e Washington and near- $500 up. Interest 6% per annum. Bradley, Beall & Howard, Inc. Southern Bldg. Phone Nat. 0271 well secured on con- by Maryland. Denominations of Established Nearly 40 Years STAT;N;ENT—-O}_THE 66NDIT'XON OF THE Emmco Insurance Co., Inc. Of South Bend.. Ind.. on the December. 1936, as required ul 647 of the Code of Law for the D Columbia. 5 INCOME. Net premiums Total interest and rents Other income Total income BiShuRsEVENTS * Net_amount paid policyhold- ers for losses All other disbursements Total disbursements ASSETS Real estate Mortgage loans on tate | Bonds and stocks Deposits in_ banks Premiums in course lection Interest and rents due or ac- crued | Al other assets ___ real es- of col- | Gross assets s1 | Deduct assets not admitted Total admitted asset LIABILITIES Total unpaid cla Total 1 $1.17 NeT PRE\IIL s mer"}_\" D FIRE-RESISTING FILES MILLS BLDG. MEtro. 5846 WE CAN SOLVE YOUR MORTGAGE TROUBLES One of our loan plans will help you refinance to complete satis- faction. Consult SHANNON & LUCHS Mortgage Loan Correspondents INVESTORS SYNDICATE 1505 H St. N.W. Natl. 2345 SAFETY MONEY BUILDING HEFINANOING TERMS AS LOW AS $1.50 PER $1,000 PER MONTH PRUDENTIRL BUILDING ASSOCIATION 1331 G St. N.W. Suite 304-5-6 Dlst. 6270 THE COURT RULES A recent Penasylvania court opinion contains this sentence: “We have simply come to the conclusion that the modern stock market offers opportunities for investment substan- tially as safe as mortgages an d bonds, and therefore admit corporate stocks within the discretion given in this will.” The selection of sound stocks calls for careful research, such as is afforded by the “F. & B. Industries Service,” to assist investors to determine the industries whose future earnings seem most likely to assure income and security. FENNER & BEANE Members New York Stock Exchange and otber leading Exchanges Southern Bldg, 15th & H Sts. N.W National 7000 Low as 3% Easy Monthly Fa¥- ments 8s lo¥ 0’6 §150 per $1.000- Federal $5,000 ASSOGIATIOII Opposite Palais Roval MEM HIBBS BUILDING * W. B. HIBBS & COMPANY NEW YORK STOCK EXCHANGE PHILADELPHIA STOCK EXCHANGE NEW YORK CURB EXCHANGE CHICAGO BOARD OF TRADE BOSTON STOCK EXCHANGE NEW YORK COTTON EXCHANGE WASHINGTON STOCK EXCHANGE Telephone « National 0540 BERS WASHINGTON.D.C.