Evening Star Newspaper, September 30, 1937, Page 19

FINANCIAL. CORPORATE BONDS SCORE ADVANCES Gains Ranging Up to About Three Points Retained Late in Session. Bond Averages 20 10 10 10 Rails Indust. Ut Fan +2 —1 +5 +.1 84.4100.7 949 69.3 8421008 944 69.2 89.4102.7 97.0 71.0 97.0103.2 103.0 69.0 99.0104.41028 74.7 83.7100.7 939 69.2 98.2104.4 103.1 73.0 8691018 99.3 67.6 458 400 646 422 high__101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon 1094 Prev. day109.3 Month ago 110.2 Year ago- 1128 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 1937 1937 1936~ 1936 1932 1928 (Compiled by the Associated Press.) B the Associated Press. NEW YORK, September 30.—The bond market rolled along in higher ground today. Early advances were modified slightly In midafternoon, but gains ranging up to around 3 points continued to hold. Alleghany 5s of 1950, stamped, were up 2%; American & Foreign Power 5s up 2, and Amour 4s up 11y at the start of the final hour. Rails, utilities and selected indus- trials generally were on the upside. Southern Railway 4s led the rails with a gain of 2'.. Also higher were St. Paul 5s, Rock Island 4s, Erie 5s, Great Northern 4!.s, Illinois Central 4%s, Missouri-Kar -Texas 5s, Mis- souri Pacific 55, New York Central 5s, Nickel Plate 4'.s, Pennsylvania 4! and Frisco 4!.s were North Western 4%s and Great Northern 4=, Higher elsewhere were Loew's 3! National Dairv 3%s, Studebaker 6: Bethlehem Steel 4’.s. American Tele- phone & Telegraph 314s. International ‘Telephone & Telegraph 5s, Western Union 5s of 1960 and Shell Union 3158, United States Governments 7-32ds higher to 1-32d lower. CHICAGO GRAIN By the Associated Pr CHICAGO, Sme‘m\)(’l 30.—Despite late estimates that export purchases of United States wheat today totaled | 1,500,000 bushels, Chicago prices de- clined as de: drew to an end. Late sell; wheat futures in Chicago was regarded as against pur- chases at Minneapolis and Kansas City. Aggregate trading in futures, | however, was not large. At the close wheat was under yesterday's finish. December, 1.08'2-%: May, 1.08'2-35; July, 1.02. | Corn, 1%-2!;, down; October, 70':; December, 63'<-'y, and oats un- changed to 's off. WHEAT— Open. High. December. 1.003 1.10% 09%% 1101, 1.05 'x=2 cents | Low. 10834 10913 Close. 1.0815-35 108723 1.02 Sept October Chicago Cash Market, Cash “I\m\ No. hard. 1.1 No. 1 wh L.G0: No., xve\.ou ) Oats white, No. K113-8812 N Barley. feed. 50-3 Timothy seed. 2. samole grade soybeans. Iting. 60-94. Liverpcol G Quotations. LIVERPOOL. September 30 (#).-—Wheat futures closed firm Hizh. Qctober ___ 1 December March Prev. Low. Close. close. 1.3 1.38% 1.351 1 s 1363 1.34% 1317 130% 1:31% 1281 Wheat spot Northern Manitobas un- uoted. Exchange. 4.94'%. Baltimore Quotations, BALTIMORE. _September Wheat red_Winter. domestic, 1003 Septomber. 30— sariicks. “spot LOAN IS AUTHORIZED FOR M.-K. PIPELINE By the Associsted Press WILMINGTON, Del, September 30 —Chancellor Josiah O. Wolcott signed an order yesterday authorizing the directors of the Missouri-Kansas Pipeline Co. to borrow about $1,100,~ 000 to pay the costs of litigation and all other obligations. ‘The receivers were authorized to turn back to the company the bulk of its assets, consisting principally of stock in Panhandle Eastern Pipeline Co. The order was the next to the last step in winding up the receiver- ship. DIVIDEND IS ORDERED. ‘WILMINGTON, Del., September 30 (Special). —The board of directors of Hercules Powder Co. declared a regu- lar quarterly dividend of 1!, per cent on its preferred stock. The dividend is payable on November 15 to stock- holders of record November 4. PARIS BANK CHANGES. PARIS. September 30 (#).—The Bank Gold reserve. balances abrosd. - bl purchased abroay e Lommercial ' bils. Franes. 9.544: increase, 986. temporary advances 10 State (prior to June 18, 1936). 12.008: decrease, 10; temnorlry advances to state (since June 18. 1936). 13,900, unchanged: irences asainst securities 3.605: de- crease, 138: circulation. 8K.645: decrease. 94; total credit Lo current accounts. 19.- increase. 614 40-day advances nst government securities. 350, Hate of discount 31 ber hanged; . FOREIGN MARKETS. LONDON. September 30 (#).—Trans- Atlantic stocks were in good demand dur- ing_today’s session, although some earlier ains were canceled due to liquidation. $he “aill-edsed froup and German bonds held steady and there was a betier tone for the mining section. Industrials sold higher and reports of favorable televisiol progress helped the share of electric an musical. Base metal issues responded to igher metal prices. R IA rPading _was active in_the Bourse and DHCES generally soid higher. Suez Canal gained more than K00 francs. R.on Dutch moved up 105 francs and Bank of France issues gained 2K0. Rentes finished with net mains of about 2 francs. i MONTREAL SILVEB TREAL. _ September 30 _(A).—Sil- ver futures opened easier. nneh-nnu to 15 lower. October. December. 44.10b; March, 43.00b. / ) Tilting downward | were | 6. | TREASURY. High. Low. 2:5] 2% 1949-53._.. 97.30 97.27 97 29 2% 8 1945-47 o 102,14 102,11 102,14 2%, 8 1948-51.... 100.16 100,16 100.16 2% 6 1951-54... 99.19 99.19 2%, 91956-59 99.14 99.14 27%s 1955-60 100,18 100.13 38 1951-65 102.19 102.20 3345 1946-49 104.22 104.25 I1%w1941 106.16 106.16 338 194446 _ 106.6 106.7 33 % 1940-43June 105.24 105.24 105.24 3% 5 1941-43 Mar 106.13 106.13 106.13 33%s1943-47___. 106.26 106.25 106.26 48 1944-54 . 11114 111,14 11114 4% s-3%8"43-45 106.13 106.10 106.18 4% 8194752 115.26 115.20 115.26 FEDERAL FARM MORTGAGE. 181949 102.13 102.11 102,13 HOME OWNERS’ LOAN. 23 m1942-44 100.13 100.13 100,13 100,17 100.13 100.17 1025 1024 102.4 FOREIGN BONDS. High. Low. Abitib! PA&Pw 53°53 R1% Adriatic Elec 7s '53.. Antioquia 7845 A, Antioquia 75 '45 B Antloquia 7s 45C __. Antioouia 18t 7857 _ Antfoaula 2d 7857 n_ Antwerp 5s ' Argentine 4s i Argentine 4872 Apr_ Arzentine 4%s 71 Argentine 6360 Oct Argentine 63°61 May. Australia 4148 '56 Australia 55 Australia 5s ‘57 Bavaria S 6%s 45 Belgium 63 ‘55 Belgium 6% Belgium 78 ‘55 Brazil 6348 '26-'57 Brazil 618 Brazil 7a '52 Brazil 83 41 Brisbane 5. Brisbane 5s Budapest 65 '62 Buenos A C 6s 60 Oct Buenos A C 6% '55 B A 4138-4%3 77 Py | BA 4141276 Ax Pv | BA4us4%s TPV, Bulzaria 7s & 1007 101% % Canada 4s '80 Canada 63 '52_ Chtle 6560 | Chile 6361 Jan___.__ | Chile 6s 61 Febr Chile 6561 Sept. Chile 63 63 Chile Ts 42 | Chile Mtg Bk 6s Chile Mtg Bk 6s°62 Chile Mtg Bk 6135 Chile Mtg Bk 6%s5 61 | Chilean Mun L 75 '60. Colombia s 61 Jan._ Colombia 6s *61 Oct. | Col Mtz Bk 7s 46 Col Mig Bk 7s'47 _ Copenhagen 4158 ‘63 | Copenhagen bs ‘52 | Copennagen T 5s'54._ | Costa Rica 7851 A Cuba 5%s ‘45 Denmarx 41862 | Denmark 5%s '55 | Denmark 6s 42 | French G 1%’ S1un st | Ger Gen Flec 6 Ger Gen Elec 6 Ger Gov 5 %8 Ger Rep 7s 49 smd - Ger Rep7s 49 un st Grt C El Jap 7s 44 Greek Gov 68 '68 | 1taty 7851 [tal P U Crd 7s '52.... | Japan 53360 | Japan 6354 | Jugos Mts Bk 7857 Kreug&Toll 65 59 cfs Lombard Elec 78 ‘53 Met Wat 53550 ... Milan 61,8°62 . Montevideo 65 '59 New So Wales 5s ‘57 Nord Ry 6138 °50_.... Norway 4s 63 _ Norway ¢%s Norway 4%4s Norway 6844 Oriental Dev 51,8 58 Oriental Dev 6s 53 Panama 5s '63 stp as Paris Orl Ry 5128 68 Paulista Ry 7842 _ | Pernambuco 7s '47.. Peru 6s 60 | Peru 6861 Peru 7s'59 ._. Poland 6s 40 Poland 7s 47 Prague Gtr T1%s'52 Prussia 6s 62 - Rio de Jan 6148 ‘53 .. Rio Gr do Sul 6868 Rio Gr do Sul 75’66 Rome £%s'52 Roumania 78°59 Sao Paulo C 6%s '57. 100 1021 105% 98 n 40 31% 98 40 40 106% 551 61 56 953, 9515 Sao Paulo St 7s ‘5‘_ Sao Paulo St 8s '50._.. Serbs 7862 Shin'su E P 6%s'52 Silesia Prov 7s ‘58, Sydney 5%s '55_ Tokio 6%s Toklo EL Ltd 6s °5: Ujigawa B P 75 '45.. Uruguay 6860 _ Uruguay 68 '84_ Uruguay 8s 46_. Warsaw 7s 583 Yokohoma 6s '61 DOMESTIC BONDS. Alleg Corp 68 44 82 8lu Alleg Corp 50stp 403 38 Alleg Valley 48°42__. 1085% 108% Allied Stores 4% 3561 94% 94 Allis Chalmers 45’52 104% 104% Am & For Pw 030 71 70 Am1GChbY% - 105% 105 Am Intl 5%s 49 ____ 103 103% AmT& T 3%s 61 100% 100 AmT&T 3%s '66... 997 995 AmT&T 4%s 39 10314 103% AmT&T6%s 43 113% 113% Anaconda deb ¢%8 ‘50 105% 105 Ann A 1stexIn 4s’95. 58 58 Anglo-Chil Nit 7867 30% 30% Armour(Del)1st 4w'65 96l 96 Armour (Del) 4s ‘57 95% 94y A T&S Fead) ¢s '95 st 104% 103% A T&S Fe gen 48°95 110% 110% A T&SFegn4s'95rg 106 106 A T&S Fe 4343 48 107 106% Atl Coast L 1st 48°62 97% 97% Atl Coast Lclt 48°52. 87 87 Atlantic & D 2d58'48 371 36% Baldwin Lo 58’40 asst 102} 1024 B&O 1st 48 4! 94% 93% B& O 4%s 60 . 56 55% 102% 102 ref 68 95 Aoeee ref b8 3000 D... 85 107 Bell Tof Pabs'48 B 118 Bell Tel of Pa 68’60 C Bos & Me 63 ‘67 BosN Y A L 485! BotCon M 6%s ‘34 Bot Con M 63%s 34 ot Bklyn Ed con 33%8°66 Bkiyn Man T ¢3s 68 Bklyn Un EI 68 50 Bklyn Un Gas b8 ‘50 Bkivn Un G ref 6547 Buff R&P con ¢ 44’57 Bush Term con 6= '58 Bush T Bldg 6» '60 Can'alan NR 438 ‘51 Can dian NR 4%s 57 Can‘dlan N 569 July Can'd'n NR 4%s'55 re Can'dian P db 4s perp Can'dian Pac 43%s 60 Can'dian P 58 44 cfs Can'dian Pac6s 64 105 104% 105 Celotex 434847 ww 8 86 86 Central Fdry cv 63’41 114 114 114 Cent of Ga con 63°45. 19 9 19 63 15% 18% 18% 1007/. 100% 69 68% 89 88 93 93 115 115 671 661 49 . 48 68 641 1125 112% 1125 1124 115% 115% 90 89% 99% 9915 112 111% ) 100\. 1024 105% 106% 55%% 1261 126% 12614 945 94% 94uk 108% 1034 103% 65 63 65 115% 115% 115% 89%4 9% 111% T Cent Rac 1st rf ¢8'49. 106% 106% 106% ft THE EVENING STAR, WASHINGTON, D. C., THURSDAY, SEPTEMBER 30, 1937. Cent Paoc 53 '60 C& O con 63’39 Chi B&Q gen 8. Chi B&Q 4%8°'77 __ Chi B&Q ref 58°71... Chi B&QI div 3% ‘49 Chi B&QI div 4s ‘49 . Chi & B 111 68 '61 Chi Grt West 4s '59 Chi I&L gen b Chi I&L gen 6; Chi Ind & So CM&StP CM&StP gn 0%! 29 C CM&StP 4%s 89 E CM&StPbs'7b CM&StP&P adjbs2000 Chi & NW 4148 2037 Chi & NW 41482037 C Chi & NW 4% 849 Chi & NW gen 68 '87_. Chi & NW rf 58 2037 C&NW Nr W w.. ‘38 Chi R I&P rf Chi R I&P rf 4»’ Chi R I&P gen ChiR I&P4%8°'63 . Chi RI&P ¢%s'52 ctf. ChiR I&P ¢%9°60._. Chi Un Sta 3% 8°51._. Chi Un Sta 8% 8’63 B Chi & W In con 53. Chi& W Ind 4% s 63 Childs & Co 5843 CInG&E3%s'66. ... Cin Un T 8%s D gtd CCC&St Lrf 4%a'7TB Clear & Ma 1st 55 '43_ Clev Un Ter 414577 Clev Un Ter 68°'73 B Clev Un Ter 5% 8724 Colo FF & I 58 10 Colo & So 4% '80 _ Columbla G & E & 52 May Columbia G&E 6 Colum Ry P&L 4s ‘65 Comel Credit 8% s '51 Com Inv Tr3%s'51.. Cons Coal Del 6860 . Cons EAN Y 3% s'46 Cons Ed N Y 3%s 56 Cons Gas NY 43s ‘61 Consol Ol1 314861 Consum Pwr 3% s'66. Consum Pwr 314 Container deb 6 Cuba RR 1st 5862 Cuba RR ref 71%s'36._ Dayton P&L 3%s 60 Del & Hud ref 4s 43_. Den & RG W 68'55 .. Den & RGW bx'55anst D&RG Wrf6s'78 _ Det Edison 4865 F Det Edison 4 61 D Det Edison 68 ‘52 DulSS& At5s'3 Duquesne Lt 3% 65. Elec Auto Lite ¢s'52_ El Paso N G 4%s'51 Erie cons 4s'96 Erie gen 4596 Erferef 53 '67.._. Erie ref 5875 | Erie & Jersey 6 "5 Fed Lt&Tr 53 Fla EC Ry 53°T¢ Gen t’able 5% Gen Mot Acc 3 Gen Stl Cast Goodrich 4 Goodrich 6545 Goodvear T&R 68 ‘67 Grt Nr Ry 3% 8°67 Great N Ry 48 46 G Grt NRy 4s'46 H GrtNR6%s 52B .. Green Bay 53’62 B Gulf M & N 68 50 Gulf Sta Stl 4%s Gulf Sta Util 438 '46 Hack Wat 1st 48°'52 Hoe (R) 18t mtg "4 Houston O1) 5348 40 Hudson Coal 6s "52 Hud & Man inc Hud & Man ref 68 '57. 11 Bell Tel 3%s8'70__. 111 Cent ref 11 Cent 4%s ICC&St LNOG6s’63.. Inland Stl 3%s IntRT ist rf Interlake Iron 48 °47. Int Agr-cl 63’42 stp_ Int Grt Nr 6856 B IntGrt Nr5s'56 C... Int Grt Nr 6s'52 A [nt Grt Nradj 6#'62 A Int Hydro Elec 6s 44 ° Int Mer Marine 6= "41 Int Pap 1st 58°47 A __ Int Pap ref 6s int T&T cv 4%s l’ Int T&T 4% Int T&T 58 ‘56 Towa C 1st&rf 48 °51.. James F& C4n'39 __ Jones&L Stl 4%¥61A Kans C So 1st 35 '50 Kans City So ref 5-‘50 Kans C Ter 18t 4s Kans G&E 434 Keith's 6346 Kings Co El Koppers Co 4s'5 Kresge Found ¢s "¢ Laclede Gas 58°39__. Laclede G 5%8°53 C... Laclede G 5338'60 D Lautaro Nit 1976s ... Leh C&N 4145 '54 A. Leh Val Coal 58°64.. Leh Val Coal T4 Leh V NY 41;58°40 gtd Leh V P con 48 2003 Leh V P con 4%s 2003 Leh V RR con 58 2003 Leh Val Term 6s°41.. Ligg & Myers 78 '44._. Loew's 3% » 46 Long Is] ref 4549 Lorillard 6s°51 Louisv GRE 3%s 06 L & Nash 3% 2003__ L&N4%s2003C McCrory Strs 68 '51. . McKess&Rob 63%s'50 MeC RRclt 4845 A Manhat Ry ¢s ‘90 Manhat Ry 4s°90 ctfs arion Stl Shov 6s°47 r;:“k" St Ry 78°40 A Mead Co 6545 Mid RR N J 58'40 Mil El R&L 6861 Mil El R&S L rf 1 MStP&SSM cn 4838 MStP&SSM b8 ‘38 xtd MStP&SSM 514878 MoK & T 1at 48°90._. MoK&Td4s 62B MoK&T6s'62 A MoK & T adjbs'€ Mo Pac ¢ Mo Pac b A Mo Pac 5865 A ctfe Mo Pac 5877 F Mo Pac 68 77 F ctfs. Mo Puc 5878 G. Mo Pao 5s ‘80 Me Pacific 5¢° Mo Pac %8 49 A___. Mob & Ohio ¢%s'77 Monong Pub S 44860 Mont Pwr 3%s Morris & Es $%s 2000 MorriskEssex 4% 5’55 Nassau Elec ¢5'51 std Natl Dairy 3% s'S1ww Natl DisPC 434845 Nat R M 48°77 & Natl Steel 48 65 53 NewOr1P85s 66 B New Or Ter 1at 4852 New Orl T&M 68 °54 B New Orl T&M 6%8'54 N ¥ Central $%s ‘62 NY Central 3%s°97 NY Central 3%s 46 NY Cent ¢s 42 NY Cent con 4 NY Cent rf 4348 3013. NYCrf 434820130 NYC&B( L4%s'1s _. 38 L 6 '3 %s 3 High. Low. 85 85 103% 107 T4, 56's 957 92% 105's 974 101% 63% 105% 103% 105! 99% 994 102% 978 40% 46's 53 117% 99 104 105% 2:55. 86 105% 103% 9 105% 9%, 995 102% 973 11 464 53 104% 82 10% 9% 14% 109% 114 107 38 105% 1061 104 9% 68 61 6114 1175 991 10% 105% 102%4 64 977 3 101% 1021 102% 3 35 101% 101% 100% 100 15% l7 16% 104% 901y 116% 104% 104% 3 3 105% 122% 106 94Y 94 88 100% 9518 99 106% 92 484 45 101% 101 100% 100% 113% 113% S 105% 122% 106% 94y 94% 88 46 100% 951 99%; 105% 92 82% 82% 9% 8814 99 5% 89 48Y% 100% 113% BONDS ON N. Y. STOCK EXCHANGE By private wire direct to The Star. Hllh Low. 2:55. 964 964 101% lOl% Niag Falls P 3%4s Niag Sh 5%s ‘50 North Am Co 5 .. North Am Ed 6857 A North Am Ed 6s'69 C North Am Ed 5% '63 Nor'n Pac gen 38 2047 Nor'n Pac ¢s'97 - Nort'n Pac 68 2047 C.. Nor'n Pac 58 2047 D. Nor'n Pae 047 Ohio Edison 3% s'73. Ohio Edison 45°65 __ OklaG& E3%s'66.. Okla Gas & Bl 48°46._.. Ont Trans 1st 5845 Oreg Sh L 5546 gtd Otis St 62 Pac Gas & ] 8345 '66 PacG& E3¥us’61 PacG & B4s'64 Pac T&T 3%s 66 C_ Para Broadway 3s'56 Param’t Pic 3% s 47 .. Paramount Pie 8| Park-Lx 613553 ctfs. Parmelee 6s " Penn Co 4s 63 Penn P& L 4%s l_. Penn RR3%8sw1 ___ Penn RR 3%s'70 C Penn RR cn 4s 48 stp Penn RR 4%# 81 D__ Penn RR 4% s 84 Penn RR gen 6568 People GL&C rf 55°47 Peoria & E 18t 48°40_ Peoria & E inc 48 '90_. Pere Marq 1st 48 '56_. Pere Marq 4%s '8! Pere Marq 1st 5s Phelps Dodge 314 Phila B&W 4543 Phila Co 53 '67 Phila Elec 3% 6! PCC&St L5875 B Pitts C& 14%s'52 A Pitts& W Va 448’59 B Pitts&W Va 414%'60 C Port Gen El 4%5"60_. Postal Tel & C 6s ‘63 Pressed St] Car 58 '51 Purity Baking 58 '48_ Reading Jer C 4s '51_. Reading R 4%48°'97 A. Rem-Rand 4 &' 56ww Republic Stl 438 ‘56 Republic Stl 434s Republic Stl 5%s *64_ Revere Cop 4% 8'56__ Richfield O1] 68°44 R1A&L 18t 4%8 Saguenay Pw 43 StJo Ry L T&P 65°3' St LIM&S R&G 4333 St LIM&SR&G4s'33ct St LS Fran 43 ‘50 A St L-S F 4850 A ctfs St L-S Fran 414878 St L-S F 4%8"78 cf st St L-S Fran 6860 B St LS F 5850 B ctfs 4 |StLS W Lst4s’89 StP M&M P ext 43’40 San A & A P: .43 San Diego CG&E4s'65 Schulco 6,546 A stp Seabd A L 48 '50 stp.. Seabd A L. ref 4n'59._. Seabd A L adj 5s’49_. Seand A L 6845 A Seabd A L 46 ctfs_ Seabd A-F16w35 Act Seabd A-Fiaés'35B ct. Shell Un deb 3 ‘51. Silesian Am 7: Socony Vac 3% South Bell T&T 6841 So Colo Pwr 6847 A Southn Kraft 43 s'46. So Pac3%s 46 So Pac col 48 " So Pac ref ¢ So Pac 4% '68 ... SoPac4%s 69 o So Pac 4138 81 So Pac Oreg So Ry gen 48°6 So Rv 6594 So Ry gen 6s 56 So Ry 68 66 , So Ry St L div 4s ‘61 S W Bell Tel 3% s '64 Spokane Int 5s '55. Staley A E 45 46 _ 8 Studebaker ev Swift& Co3%s Texas Corp 3%ms 51 Texas & Pac 68’79 C. Texas & Pac 53 '80 D_ Third Av ref €0 Third A ad in ex 55°68 Tide Wat O11 3% 5'52. Un Elec(Mo)3%s'62. Un Oil of Cal 338 62 Un Ofl of Cal 68°42 A. Union Pac 3%s°70 __ Union Pao 18t 4347 _, Un Pac 4847 reg. Un Pac 1st rf 4s 2 United Drug Utd Rys St L 104% 1062 118 945k 111% 110% Utah P& Lb6s'44 ___ UtilP & L 63'59 ww. UHI P& L% 47 .. Vanadium cv 53 "41 Ver Sug 1st 78'42 VAE&P 1strf 48°'65 Va Ry 1st 3%s 66 A_ Wabash 434878 . Wabash 6s ‘76 B . Wabash 5%s ‘75 ctfs- Walworth 4855 ner Broscv 6s'39 ‘ner-Quin 6 Warren Brev 6s°41._ W Pa Pw 1st 58 63 E. W Sh 1st 45 2061 reg.. West'n Md 18t ¢8°'63. Westn Ma 53%8'77___ West'n Pan 6546 A as West'n Un 4%8°50 Westn Un cl tr 5 '38. Westn Un 68 '51_. West'n Un 68 '60 Wheel Steel 4348 Wilkes B&E 1st bs ‘42 Wilson & Co 4855 Wis Cent 1st gn 4849 WisClstgn4s'49ct. 18% Y'ngstn SET 48°61__ 134 107% 104% 10 100% 100% 18% 18% 18% 18% 101% 101 101 INCOME TAX RECEIPTS CONTINUE TO CLIMB Y the Associated Press. NEW YORK, September 30.—In- come taxes continue to set the pace as the fastest gaining source of gov- ernmental income. During the last three months the cash intake from this levy gained 64 per cent over the comparable level a year ago. Total re- ceipts picked up 46 per cent. Income taxes, of course, provide & far more expansible fountain of rev- enue than indirect taxes such as liquor, gasoline and tobacco tariffs, bankers say, as a result of the lever- age factor present in the former. Receipts from income taxes, report- ed by the daily Treasury statement for the fiscal year ended September 25, compared as follows: Piscal year 1938 _ Fiscal year 1937 $584,200,000 855,500,000 T S ITALIAN BONDS DRAWN. NEW YORK, September 30 (#).—J. P. Morgan & Co., as sinking fund ad- ministrator, today notified holders of Kimgdom of Italy external sinking fund 7 per cent bonds, due 1951, that $3,157,300 principal amount of the bonds had been drawn for redemption December 1, A 2,00 few FIRMS T0 RETAI MORE OF PROFIT Berens Bureau Predicts Tax Will Be Paid on Larger Proportion. Epecial Dispatch to The Star. NEW YORK, September 30.—Many corporations will decide to retain a greater proportion of their profits this year than they had intended to keep a few months ago, predicts the Berens Financial News Bureau in its weekly bulletin. This thought, says a copyrighted article, “arises from the realization that business sentiment has been badly shaken by the stock market weakness.” “Therefore,” continues the article, “some corporation executives may de- cide to pay the Government its pen- alty tax on a larger proportion of un- distributed profits in order to retain in the business a surplus for possible contingencies. “This will be particularly true of corporations with large inventories.” Washington Produce BUTTER—92 score, 1-pound prints, 38; Ya-pound prints, 39: tub. 90 seore, I-pound prints. 49; 90 score, 1-pound prints, 37: ¥,- Dcund prints, 38; tub, 36: market " stron; Mtu‘smcnmce bey 17; Fall lamb, . 15; fresh pork loin, 30; frozen pork, 25: Poat hams, Tresh skinned hlm. 207 smoked hams, 28: sliced_bacon iab bacon. 38 calves, compound, STOCK— Rigs. oks, 111V medium. g 250 pounds, 11allby: heavies, 10Van10t; s0ws, stag, 6a6%; calves, 712005, Prices paid shippers et fob Wash- ington, By the United States Bureau of Agricuitural Economics EGGS—Market about steady at un- changed prices. Government graded and dated eggs: Whites, U. S. extras, laree. 3812 U, 8, 20802 U. standards, Standards, mediums,’ 25. ungraded eggs Currentrecelpts, 2l T Whites 0 LIVE POULTRY—Market :nchln 1172811 autet and Receipts light and dema; Colored. heavy, 12 ms. 14 'to 16 Dodnds. broiling turkeys. 313 pounds 30, "Guineas. * pounds and over, 60 each: under 2 pounds. 40 each. ruits and Vegetables. Stles in large lots by originai receivers up to & a.m. today APPLES—No carlot arrivals; on track. Bushel baskets, U. supplies liberal: demand siow: steady. Maryland, Pennsylvania. ginla and West er‘;)mu Wealthys. no_cars 8. No. 1, market Vir- 24n 50- 23,-inch minimum, $0-1.00; 2g-inch minimum. 50 Jonathans. few higher: 2! King Davids. 2-inch minimum. 60-85; 2Ye-ineh minimum. 50° 65; 23,-inch minic ch minimum. 65- 75-85; Northe ern’ Greenings, “%-inch minimum, : 2%-inch minimum. 75: Delicious. inch minimum. §5- mum. 90-1.00: Gt minimum. 60-65. 1.00;, Staymans, 65 minimum. 50, Winter Bananas 3 Virsints. Delicious, :nmbmlunn extra fancy and fancy. light slightly stronger. Isiand bushel hampers. 3.50-3.7 BEANS Haites moderate; de- mA Ko Setker ek Maryland and Pennsylvania. bushel hampers, round, stringless. 96-1.00. CABBAGE—No carlot arrivals: ne on track. ~Supplies moderate: demand light; market steady. Pennsylvania. 5- peck hampers. domestic round type. most- ly around 1.00: New York. 30-pound . domestic round type, 50-80. No_carlot arrivals; one bro- ken and one unbroken cars on track. Supplies moderate: demand light: market steady. Call stern-lettuce crates. bunched, nnsylyvania. bushei baskets. top] . 75-85; per dozen humhn 0 cars 5 'WER—No carlot arrivals: cath on rack Babplis Hant dom light: market steady. Crates: Califor »x?, Long Island, Catskill section, = 0 no CELERY—One New York arrived: one broken and two unbroken cars an_track. Supplies moderate: demand light: market steady _ New Y 1.60-1.75 washed CUCUMBmLsunnnu mand “hight: marke: stead bushel baskets, U. S. N Grape Prices Steady. GRAPES—Four California_arrived: four broken and three unbroken cars on track SCrhies. 3-6 dozen, ry light ern stock: Supplies market steady baskets, Concords. : 12-quart climax baskets, ;quart climax baskets cartons containing 1 Siluix Paskers Concords. 1.50-1.7 fornia. I pson_seedled moder: Delaw HONEYDEWS - No _ carlot_arrivals: six broken and one unbroken cars on track. Supplies moderate: demand light: market steady. _ Colorado. dard and jumbo crates” all sizex 1 5: standard can- teloupe flats, 12s. 1.00. o Caiifornia arrived: six broken and six unbroken cars on_ track. Supplies moderate: d NTONS_One Indiana arrived: two un- broken cars on track. Supplies moderate: demand_light; : '50-pound sacks U. S and Minhesota. yellows. size. 1.00-1.10; Tdaho: Valencia and larger. 1.40-1.5¢ BEACHES S No catlot arrivals: one bro- Ken car on track. ~Supplies light: demand lignt: market steady. Marviand, bushel baskets. Eibertas. U. S. No. 1. 2Vs-inch i 1 B0r White Heaths. U 4. No }; 2ignen 0: 8 4. 8. No. Pénnsyl 8 No. 1. minimum, PEAS—One New Mexico arrived: broken and one unbroken cars on Supplies moderate: demand light: mlrkel steady. Cll“u!nil bushel hampers, Tele- phones. 2.60-2. PUTATOES—OHQ Idaho arrived: one broken and two unbroken cars on track. Truck receipts moderate: subplies mod- and light: market steady. Penn- Srivania "100- ound sacke, Cobblers. U 8 No. i and Commercial, 98-1.00 Greer, Mouniatng, . 1. 1.10; Ne: Jerses. 100-pound_ sacks. “Cobblers, U. 1, 1,05-110: xdaho. 100-pound sack Russet Burbanks. U. 8. No. 1o 2.16-2.25, SPINACH—8ubpliés moderate: 'demand light: market steady. Pennsylvania, bush- el paskels. Savoy tpe, 75-1.00 SWEET POTATO! ne Virginia_ar- rived: one broken car on “track. ' Truck Teceipts moderate: supplies moderate: mand slow: market dull. Marsland. bumq baskets, Goldens, No. 1. Fuerto Ricans, 78; North Carolina, bushel askets. Puerio Ricans. M. VEGETABLESNo_ carlot ar- four broken cars on track. Bos.Fiorida. boxes, 75-1.00. 25 per dozen : 215-inch i, 200+ fwo rivals; AV Pennsylvania, ‘bunches, BROCCOLI—Pennsylvania, bushel crates, 1,50: one California arrived; ane unbro- ken ‘car on track. BRI EL8S_ 8 PR O UT 8 — California, drums. 3.25-3.50. CANTALOUPES—No carlot arrivals: one broken and one unbroken cars on track. C standard and 1.00. Jumbo bushel bas- ts. 1.50-1.75 ke(;llA ‘Massachusetts, Ye-bar- vel boxes, 2.50-285. MBONS—Michigan, bushel baskets, 2 ‘Giapefruit—No carlot arrivals: no cars on '?-:&"dn;:z o "'boxes, 2.26-3.00, a8 n M ONE L Carii nmfln boxes, No. 1. 8.50; No. i 0 !'Io buthel “baskets, 2.00- 280 buinel boxes. 1 00-135: Ml [ROOM! -pound ba. S—Maryland, kets, 30-75, ORANGES—Three _California arrived: six {’"k"& and_four imbroken cars o es, California, 4.25- rade id size;” Florids, 3.50-4.50, as i Ya-bushel 3.00-4.00. size. NIPS'< Pennsyivania, hnkets \30:00, PLI ba. crates, E8—Cul PEARS Mo carigt srrivale n New York_bushel bas kets. U 5 No. 1. 150-2.00: fair condition. 1 CEPPERS Nearby sections, bushel bas- kets. 50-80. P [A] 'MELONS—California. pony o 11.%5-1.5(;1 ltzll;\“d)ll’d heuum 1.75- 00 umibo_ Crates. 2.00-5.25. PRUNES—1Tdaho, ~ ta-bushel baskets, 1.75. SQUASH—New Jersey, bushel hampers, white. 1.25-1.50. ‘TOMATO} crates, track and_furn \f“ yrr;:rm,d "zaofindx Sarser, é"’;‘ in, T80 RURNIPE Marviand and Fennsslvanis, 2-3% per bunch. + ork. %3 crates. in the rough. | de- New York. | Zinc Price Cut After Big Drop On London-Mart By the Associated Press. NEW YORK, September 30.—The price of domestic zinc was cut % of a cent a pouund to 6.50 cents, Zast St Louis, yesterday following a sharp break in the metal in London. ‘The reduction abroad made im- portation profitable and custom smelters here were obliged to cut their price. Trade circles believe that there will be no large demand for tonnage at the lower price, due to the fact that no supplies are available and con- sumers’ stocks are said to be ample up to the end of the year. The American’ Bureau of Metal Statistics reported stocks of zinc at the end of August of 11,227 tons, com- pared with 13,561 at the end of the preceding month and 85,046 at the end of August last year. Domestic shipments in August totaled 50,643 tons, against 49,701 in July and 46,013 in August, 1936. SUERTEERY INVESTING COMPANIES NEW YORK, September 30 (¥ —New York Security Dealers’ Association: (Noon quotations.) Admin Fd 2nd Inc . Bankers Nat Inv Corp Basic_Industry. = Boston Fund Inc- Broad St Inv___ Bullock Fund Corporate Trust Corporate Trust A Corp Tr A A mod. Corp Tr Accum Ser Corp Tr Acc_Mod _ Cumulative Depos ins Bhrs Diversified Tr C Dividend_Shrs Equity Corp $3 pf- Fidelity Fund Inc Fiscal Fund Ins Fixed Trust Sh A Fixed Trust Sh B Found Tr Sh A Fund Investors "Inc Fund Tr 8hrs A Fund Tr Shrs B_ Gen Capital Corp_ Gen Investors Tr Group Sec Agriculture_ Group Sec Automobil Group Bec Buildini Group Sec Chemical ~_""" Group Sec Food o Group Sec Invest Shrs Group Sec Merchandise Group Sec Mininz Group Sec Petroleum Group Sec R R Equip__ Group Sec Steel Group Sec Tobacco Huron Holding Incorp Investors Instl Sec. Bank Group Instl Sec, Insurance Investors Fd ~C Inc Keystone Custodn B 2 Keystone Custodn B Keystone Custodn K Keystone Custodn K Keystone Custodn § Keystone Custodn 8 Major Shrs Corp Maryland Fu.d Mass Inyest Tr Mutual Invest Nation Wide Sec Nation Wide Voting - Natl Investors New England Fund rs. N ¥ Bocks, B ‘stocks™ - N Y Stocks, Bldg Supply N ¥ Stocks, Elec Equip.__ N ¥ Stocks, Insurance N Y Stocks. Machinery ~__ N Y Stocks. R R Equip N ¥ Stocks Steel = North Am Bond Tr cifs - Am _Tr_Sha SEEERLSREEL P S EEE PPDND LD Quarterly Income S| Schoellkopf-Hutton & Selected Am Sh In: Selected Income Sh Sovereign Invest Spencer Trask Fund Stand T) Stand Super Pom Trastee Stand " Inv Trustee Stand Inv D eed A Wellington Fund SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Amer Tel & Tel 5145 43 Auburn Auto Co_43ss "3 Bald Loco Wks b5 ‘40 Calit Pack Corp 5s ' Saro Clineh & O Chesa & O Ry 55 Edvoon &I mum 4 | GengPub, Serv T Rap & Ind LR | Houston Ol 5°a¢ One car unloaded: one car diverted. East- | << WZZZZR] ~;E’§§'§'= & Pa Weat Union Tel 85 138 NEW YORX PRODUCE. YORK. September 30 ,unsettled: mixed colors, NEW 12,546; ck 30: standards, relrllerll?r r_seconds. 1: refrigerator dirttes. Butter. than _exi, extra Se-36; frsts (88-01 scores). seconds ' (84-87 tralized (90 score). 34'a. Cheese. 185,670 frm: changer Tive p?‘ulln L0 038: firmer: creamery, higher all prices un- by freight, wesk. Chick- Leg- Fowl, ‘colored. i Leg- _ Old" roosters, " 17; ‘turkess, 18. weak. ~Chickens, Leghorn. Rocks, 27-30: Red: colorec har'm ho BUILDERS! Arrange Your Mortgage erates, | .on a Long-Term Basis at 5% Interest OU! Mortgage Loan assure you single long-term loan that you have up to 20 years to repay. It eliminates the bother, uncertainty and ex- pense of renewals or re- financing . . . enables you to repay the principal in monthly installments, like rent, or in whatever way proves most convenient. WEAVER BROS inc REALTORS Mortgage Loan Correspomdont Marsplitan Lifs Innrence Company WASHINGTON BUILDING DISTRICT 9486 (). —E8&S, INAUTO INDUSTRY Ease With Which Price Boosts Have Been Effect- ed Removes Doubts. By the Associated Press. DETROIT, September 30.—If there has been any doubt in the minds of individual authorities in the motor car industry that times have changed de- cidedly for the better and that the outlook continues favorable, the ease with which price increases have been effected almost all along the line has removed it definitely and finally. Almost every producer announced price increases even before reaching the end of 1937 model production and intimated that additional advances are to be made. Others who did not in- crease retail prices before the new model introductions made no secret of their expectation of a sharp upward boost when the 1938 types are passed on to the customer. The makers of motor cars avoid price increases because of competitive conditions, and even a general agree- ment for the raising of retail listings is ordinarily sidestepped because of a consumer reaction. Only a few years ago a general price boost in the Spring months was tried by almost unanimous agreement, but the result was a quick curtailment of buying interest, and the increases were canceled after only a few weeks. The advances announced a few weeks ago by most of the major pro- ducers caused scarcely a ripple in retail trade circles; there was hardly a perceptible increase in retail pur- chases between the time of the an- noucement and its effective date. Moreover, there has been a steady accumulation of orders for 1938 mod- els, although only in a few instances have the new pnce scales been an- nounced. What the motor car lndusu’y would do when a price increase became in- evitable with rising labor and ma- terial costs, long has heen a mattter of conjectuer in trade circles. In some quarters the suggestion fre- quently has been advanced that the industry could avoid price increases by eliminating numerous gadgets The sales authorities, however, dis- agree with this idea, pointing out that the demand for accessories has grown each year, and that cars lacking certain refinements are hard to sell, even to the individual seeking lowest price levels. CHICAGO PRODUCE. 1wCHICAGO, September 30 (P —Poultry 1 trucks. steady: hens. 4is pounds. b 27+ less {han 412 pounds. 181 Leghorn hens. 16; Springs. colored. 20'% Plymouth Rocks. White Rocks. brotlers, colored Plymouth and Whiie Rocks 24: bareback chickens. 15: Leg- horn_chickens, 100 5; Leghorn roosters. 14: young toms. 2:i: old. 18; No. © turkeys. 16: young ducks. 4', pounds. up colored. 19 white. 21 smail o d. 17; white. 18; old turkeys, hens. seconds g (80" centralized’ cmom 40, weak; extra firsts, io- | fresh ‘graded firsts. lo- 23%: current receipts. on track. 332: total U. 8. shipments. 781: fair qualits. Russet Bur: | banks. dull: Northern Triumphs and Early Ohios slightly stronger. Northern whites | steady: supplies liberal facked, per ewi. Idaho Russet ,Burba U. 8. No. 1. 1.35-50: U. 8. Biiss Triumphs. U. 8. ‘Com muculs 1 North Dakota Bliss Triumphs. U. 8 No. and,_ partly graded. 1.00-05; Cabbiers. s. ; and, partly graded. 90-95: o o & 1. and partly graded 95- "Wisconsin: _Cobblers and round whites. U. & No.'1. 00: Bliss Triumphs. U. §. No. siandards g, 0.5 U. S. TREASURY NOTES. YORK. September 30 () -—Prices quoted in dollars and thirty-seconds Approx i Month Year. o Asked. “yield xm it BOSTON WOOL MARKET. BOSTON. September 30 (P (United States Department of Agriculture)—Wool Boston market p makers talked lower prices than - holders "gencrally were willing to consider. ~Worsted manufacturers made some inquiries. but interest in most cases was confined to taking sample bags. In view of the demand situation most wool holders made little effort to sell and asking prices were about unchanged. MONEY MARKET. NEW YORK, September 30 (#).—Call money steady: 1 per cent all day. Prime commercial paper. 1 per cent. Time loans steady: 60-90 days. 1k; four-six months, 113 per cent. Bankers' acceptances un- changed. Rediscount rate, New York Re- serve Bank. 1 per cent. Beatrice Creamery Co. share earnings, six months ended Au- gust 31, were $2.12, against $1.’ 'l7 OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Sml Cabinets Tables BAUM'S FURNITURE HOUSE 1416 Eye 8t. N.W. Phone NA. 2183 REFINANCE AT 8'2% ON CITY CENTRAL BUSINESS PROPERTY Ease your mind for 10 years. Construction loans on busi- ness property also invited. SHANNON & LUCHS Mortsage Loan Correspondents MASSACHUSETTS MUTUAL LIFE INSURANCE CO. 1505 H St. N.W. Natl. 2345 demand fair: | BY OHO EDlS(lN Year’s Profits Compare ¥ With $3,839,231 Recorded in Previous Period. By the Associated Press. NEW YORK, September 30.—Ohio ~ Edison Co. announced net income; after charges and Federal taxes, for the year ended August 31 of $4,839,~ 134, compared with income for the previous year of $3,839,231. Waukesha Motor. ‘Waukesha Motor Co. reported con- solidated net income for the year end- ed July 31 of $1,026,824 after depre~ ciation and Federal surtax, equal to $2.56 a capital share, compared with $731,553 or $1.83 a share in the pre- ceding fiscal year. —_— APPLE PICKING CURBED AS DEMAND SLACKENS Spectal Dispatch to The Star. MARTINSBURG, W. Va, Septem- ber 30.—Apple growers in this belt are curtailing picking because of lack of demand, and the supply of labor for picking is not being used, contrary to normal developments at this time of the season. National Re-employment Service offices here yesterday sald they had some pickers ready to work but employ- ment was lacking. Growers are paying from $1.75 to $2 per day, the offices said. Government purchasing of some Grimes Golden, for relief distribution, at 50 cents per hundredweight for bulk or 50 cents per basket in containers, utilities stock, has not materially eased the situation, growers said, because * the allotments have not been big ~ enough, BITUMINOUS OUTPUT UP SHARPLY IN WEEK ‘The National Coal Association, from - incomplete car-loading reports from | the railroads, estimates ~bituminous | coal production in the United States | for the week ended September 25 as | apprpximately 9,485,000 net tons. Pro- duction for the corresponding week, 1936, 8,794,00 tons; 1935, 1,715,000 tons. The report of the National Bitu=- minous Coal Commission shows pro- duction of 7,712,000 tons for the week ended September 11, and 9.067,000 for - the week ended September 18, 1937 Production calendar year to Septem- ber 25, 1937, 319,270,000 tons (subject to revision); 1936, 294,526,000 tons. DAVID BELL.NAMED . LORILLARD CO. CHIEF By the Associated Press. NEW YORK, September 30.—David H. Ball, senior vice president of P. Lorillard Co. since 1911, has been elected president of the company to . succeed Benjamin L. Belt, who died September 15. s Todd Wool, secretary, has been.. | elected a director to fill the vacancy . created by the death of Mr. Belt. — PLYWOOD DIVIDEND VOTED NEW YORK, September 30 (spe- re cial) —Directors of United States Ply- wood Corp. have declared an mmu! quarterly dividend of 25 cents per share on the common stock, payable November 1 to stockholders of rec- ord October 15, 1937, MORE SILK CONSUMED. common | | NEW YORK, September 30 (#)—'" August raw silk consumption by the American hoslery industry totaled * 25,561 bales, or 76.2 per cent of de- | liveries of 3®557 bales to American * mills, according to the National Asso- ciation of Hosiery Manufacturers. In | August last year the industry con- sumed 22,099 bales. ¥ Money for Construction Loans and Loans on Existing Properties % FIRST DEED OF TRUST ONLY» 643 Indiana Ave. N.W. Nat’l 0350 SECURITY vings with this Insti- they are secured b: otes on District of Ci lumbis and nearby Maryland Virginia real est: Last dividend rate, 415%. HOME LOAN SAVINGS Association 1520 K St. NW. NA. 7800 WATERFRONT FARM 160 Acres 50 Miles D. C. In Southern Maryland $5,500—Terms NAtional 3753 or Lincoln 5976-W First Mortcace Loans District of Columbia, Nearby Maryland and Virginin Homes Apartments 5% Business Properties Terms from 3 to 15 years Also Monthly Payment Loans RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT 1321 Connecticut Ave. N.W. Telephone: DEcatur 3600